The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
fiitanrtal
T¥.
I
rontrb
INCLUDING
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
and City Section (semi-Annually)
Street Railway Section {^TeJ^^")
State
iiPAirr.
office
Congress, Washington,
Dana
Da Coup ant, in the otBoe of Librarian of Consreaa. Wftshlnfirton. D. <1.
O.
York, as second-class matter— William B. Dana Compant. Publishers, 76)^ Pine St., N. T.
in
Entered according to Act of Congress, In the year 1905, by William B.
A
weeteir
VOL.
newspaper entered at Post
New
Office,
SATUEDAY, MARCH
80.
NO. 2074
1905.
25,
Week enMng March
—
Clear iriQS at
1905.
1904.
Inc. or
Dec.
18.
190a
1902.
PUBLISHED WEEKLY.
Terms
ol Subscription
—Payable
For One Year
For Six Months
Knropean Subscription (includiDg postage)
Soropean Subscription Six Months (including postage)
$10 00
6 00
13 00
7 50
£2 148.
£1 lis.
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Subscription includes following
Sections—
I
+31-0
+7-7
370.303
133,970,738
161,875,508
21,884,900
13,386,058
9,713,113
7,807.209
5.459,024
4,218,600
2.934,553
3,034.632
1,840.736
1,645,042
1,178,248
631,000
764.828
516.876
670,118
790.216
547,523
549,766
385,790
427.488
384,361
263.693
215,873
196,334
232,259
81,57b
152,910,651
7,127,100
3.203.081
1,970.644
1.480.602
1,420,821
1.672,320
Hart,ford
New HavenSpriuefleld
Worcester
Portland
River
Lowell
Fall
852,320
432,370
New Bedford
5S4.08(i
Holyoke
State and City (semi-annually)
Bank and quotation (monthly)
BATLWAYAND INDCSTKIAL (quarterly) Street Railway (3 times yearly)
116,762,882
6,619,200
2,956,612
1,674,126
1,459,274
1.036,665
l.H49,332
732,904
438,813
497,732
448.008
172,111.297
Boston
Providence
in Adrauce
Total
New England.
I
Chicago
Terms
Per Inch Space
Advertising
ot
Cleveland
Transient matter per inch space (14 agate Unes)
(
Two Months
(13 times)
Months
(26 times)
( Twelve Months (52 times)
CHICAGO OFFICE— PUny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
WlIiLIAin B.
Post
$4 20
22 00
29 00
50 00
87 00
(8 times)
'^^^^ Months
Standlne- Bnainesa Cards J
Btancung Business cards •! ^^^
DANA COMPANV,
Detroit
Milwaukee
Indianapolis.
Columbus
5,l.')2,i00
Peoria
2.852,293
3.729,501
1,868.894
1,450.350
1,529,363
560,200
885.000
572.180
817,192
850,138
654,848
563,386
451,323
477.631
428.892
302.168
335.691
284.376
343,141
91,020
571,409
Toledo
Grand Rapids
Uaytou
C.
Evansville
Akron.
Publisbers,
Springrfleld. Ill
Pine Street, Corner of Pearl Street,
Box 938.
NEW YORK.
Office
196.880.817
21,541,500
14,152,736
10,473,109
8,907.080
5.318,514
Cincinnati
Youngstown
Kalamazoo
Lexington
Canton
Rockford
Springtleld,
GLEABINQ HOUSB RETURNS.
O
Bloomington
Quincy
Decatur.
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson.
Ann Arbor
United States for the week ending to-day, March 25, have Fort Wayne
been $2,733,644,516, against $3,010,873,390 last week and South Bend
Total Mid- Western
$1,903,717,660 the corresponding week last year.
Clearings— Ret^ims
lyy
Week Eruiino Mnrrh
New
1905.
25.
Tork.
tl. 465,295,269
Boston
PbUadelpbia
Baltimore
Chicago
St. Louis
New Orleans
Seven
Other
Ai
days
118,628,661
102,212,146
17,395,0a5
178.285,899
48,088,174
14,524,&11
+55-8
+23-7
+18-1
+2-3
+35-7
+10-7
—16-1
All cities, 1
11.964.429,125
302,489,623
11,344.064,857
250,000,202
+46-2
+21-0
5 days....
$2,266,918,747
466.725,769
«1,694. 065,059
309,652,601
-H2-2
+50-7
for week-.
42,733,644,516
$1,903,717,660
+43-6
5 days
all cities,
Total
-
$952,431,486
95,933,861
86,526.337
17,000,657
131,395,329
43.457,443
17.319.745
P. Cent.
day
all cities
week covered by the above will be
given next Saturday. "We cannot furnish them to-day, clearrags 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.
The
full details for the
We present below our usual detailed figures for the previous
TacomaHelena
Fargo
Sioux Falls
Total Pacific
,
,
Minneapolis
Omaha
,
St. Paul
St. Joseph..
Denver
Des Moines
Topeka
Davenport
Wichita.
Colorado Springs-....
Cedar Rapids
...
Pueblo
Total other West'm
Louis
New Orleans
St.
Worth
Birmingham
iVeek ending
1905.
New York
Philadelphia...
PittsburKh
Baltimore
Buffalo
Washington....
Albany
Rochester
Scranton
Syracuse
WiImln«;ton
Wilkes Barre-.
WheeiinK„
BtnKhamton
...
Greensburif....
Chester
Erie
,
Reading
Franklin, Pa..
Total Middle.
1004.
$
2.062,637.890 1,111,109.992
126,388,30:3
102,352,635
40.922, 17H
34,079,665
26.991,917
23,485,424
6,513,801
6,248,202
4.925.01!
3.74S,lo9
3.806.088
3,341.145
.S.296,761
2,428.315
1.632,000
1.600,000
1,290,713
1,176.066
1.143,210
1,080,365
848,315
782,626
887,582
647.307
441 000
387.800
307.620
373,026
372.9es
300.838
4«1,011
430,843
1,052,835
1,021,402
201,417
250..'H0O
2,284,138.714 1,205,013,200
March
Inc. or
Dec.
1903.
RockKnoxville
Charleston
Little
18.
1902.
Macon
Chattanooga
--85-6 1,318,576,102 1,385,677,307
--23-5
100,104,671
113,336.775
--20-1
54,997,fl5l'i
40,486.495
--14-9
21,665,77!)
21.105,158
+4-2
4,983.255
5,559.010
+31-4
3,851,468
4,000.384
+13-9
3,081,4:«J
2,735.062
+35-7
2,720,50.8
2,141,170
-|-2-0
1,468,787
1,591,80(.
--9-7
1,053,935
1,371.372
--5-8
1,000.065
1,128,472
--7-8
801,887
890,622
+37-1
+ 13-7
-17-5
—6-8
+10-0
663,361
381,500
400.42
304,063
461,605
Jacksonville
Columbus, Ga.
Total Southern
Total all
Outside New York.
Winnipeg
6.-3.102
Halifax
Ottawa.
Quebec
VancouverHamilton
+31
4-76-4 1,526,480,846 1,580,091,533
4-7-8
+14-1
—2-6
+221
-28
+229
+1-3
—11-9
+29-8
—11-3
+15-7
4-iro
+21-9
+76
+19-5
+2-5
+171
-1-11-
+11-5
4-14-6
+55-6
4-44-8
-f4-7
-^12-2
77,17
tal.
tal.
241,634,323
+164
241,128,568
231.413,777
31,143,674
6,630,176
4.080 000
2,670,74
3,238.438
2.415,232
2,083,261
540.945
451 ,034
+5-6
+21-9
+15-2
—20-6
30,662,944
6.659.667
4,089,291
2,521.157
3,306,85a
2.073,557
2.054.317
349,356
417,647
263,746
21,627,886
4.101.622
2.797.257
3.253,763
2.749,982
1.510.709
1,300,547
512,617
349,085
249,837
53.525.564
+150
62,398,565
38,451.305
22.643,376
16,051.775
8,525,704
20,007,292
14,783,006
7,690,547
-1-13-2
6,12.t.l54
5.001.104
4,106,485
2.441,142
1,241,193
018.976
968,788
1.081,043
17,627,960
12.157,380
7,620,586
5,690,127
5,146,450
4,136,176
2,394.832
1.311,104
1,398,036
708,249
424,328
17,546,721
11.247,617
7.685.140
4.921.558
4,573.351
4,347,734
2.048,856
1,517.185
1,490,758
906,287
578,691
650,000
162,233
121,761
272.05'
1,775.252
982,5"919.035
1,107.938
080,64^
523,170
284,170
386.37
56.>^,50ti
425,.500
-f50
+24-2
-1-46-6
4-42-0
4-60 8
+8-6
+100
-6-1
—0-6
+53-6
+8-4
+43-0
-f-58-8
-5-1
+2-4
4-197
4-230
4-90-0
include d in to
8-25,100
148,890
Not
a1.
72,785.737
65,207,094
+11-5
59,692,60^
57,638,559
60,264,540
18,725,886
12,860,661
54.443,938
+10
43,184,785
13,517,961
10,328,420
6,071.804
4,073.500
3,366.292
3,015.671
3.141,115
2,800,324
2.469.445
1.622.530
1.664,687
1,826,020
1,127,040
872.310
1,152,169
1,172.879
761,000
734,852
333.029
50,926.991
11,708,617
9,791,361
5.800.000
2,839,000
4.066.115
2.414,774
3,591,070
2,329.175
1.692,644
1,876,453
1JJ90,753
1,470,687
+61-5
+50-1
4-330
-1-6
+13-8
+35-6
23,109,831
16,918.571
3,598.397
1.866,158
1,829.666
1.336,154
18,616,910
15,354,394
2,277.465
1,622,043
1.707.25a
1.710.160
877,255
6,983,2110
4,716,000
4,894,200
3,477,603
5.378.960
4,042,98'
3.1(^3.655
1.704,48:*
1,653,398
3,120,738
1.484,618
1,049,181
1,117,571
1.130.643
510.590
051 ,42.'I,0tl0,03i
206,080
22.54.'i,216
-16-9
10,695,047
5,628 861
4,024.000
+-i0 3
4,52,3,011
2.897,077
6.003,328
3,334,300
2.604.551
1,673,557
+8-2
+200
—11-3
+212
4-15-3
+10
1,459,7:^5
+13-3
1,565.925
1,127.720
1.113,503
078,654
1,230,740
4-99-3
4-31-7
l,052,0iJ0
856,550
050.395
376,124
120,140,540
;.010.S72,290 1.918.560.549
138,41)5,354
918,234,391
-f24-l
4-17-2
807,390,55i
—56
+14-2
-7-8
-51-5
-1-11-1
4-11-6
993,330
829,553
711.861
669,000
505,937
386.107
—45-2
+7-2 103,255,908 103,392.498
+56-9 2.125,488,030 2,158,660,200
+17-4 806,071,928 772,082,893
Canada—
Montreal
Toronto
335.800
327,859
335,920
-19-0
160,096,287
20,556,950
11,718,123
9,198,631
6,510,239
4.354,715
3,340,050
3.500.532
2,368,739
1,484,853
1,344,582
865,863
624,700
619,408
654.181
437.674
729.994
453,135
492.537
382,165
323,321
534,019
220,249
208.108
162.219
161,273
91.291
-1-5-7
32,903,952
8.084,647
5,700,34
2,694,123
4,881.754
2.979,185
3:054,154
772,484
725,328
216.262
2,647,62(5
Sioux City
Fort
Clearings at—
181.668,930
21,607,950
15,442,577
9,258,930
7,092,733
5,548.9""
4,056,200
2,609,458
2,855,421
1,762,423
1,712.165
1,097,484
726,600
676,961
627,913
620,776
621,911
404,200
460,794
894,923
339,409
441,980
241,435
190.001
293,705
198,436
—1-5
+17-5
5,753,05<;
,
Spokane
Augusta
17*4 per cent.
146.772,533
+241
+16 4
4.574,880
6.816.455
,
Portland,
week, covering the returns for the period ending with Satur- Louisville
Houston
day noon, March 18, and the results for the corresponding Galveston
Richmondweek in 1904, 1903 and 1902 are also given. Contrasted with SavannahMemphis
the week of 1904 the total for the whole country shows a gain Atlanta
Nashville
of 56 '9 per cent.
Outside of New York the increase over 1904 Norfolk
is
141.682,481
+21-6
-1-6
+ 1-5
+370
62.012,236
Seattle
Salt Lake city
FYemont
+28-5
1+6-4
+17'7
281,368,952
Kansas City
cities, 5
cities,
Total
1904.
130,554,237
6,089.900
2,420,284
1.527,593
1.348,097
1.556,036
1,120.836
928,215
505,309
378.087
343,949
Not Include din to
379 382 Not include d into
San Francisco
Los Angeles.
TeleorapK
—151
124.070.069
6,783,900
2,392.526
1.623,170
1.465.331
1,541.595
1,319.902
1,017.880
522,993
626,662
318.453
John.
fjondon
St.
Victoria
Total Canada
25, 789
565
15,907,514
10,,015 ,5ji0
5. 39« ,811
12,ti72,2)2
1.465,
163
2,,191
111
1,,622
Oil
4,058,135
1,480,514
1.926,1.v.;
1,1 OH, 187
1.173,811
1.048,852
+170
1,068,6.59
244
+0-4
871, ,007
867, 005
788,,7sti
743,570
775,189
548,640
173
891,805
856,301
888,411
60.441,800
41,594,845
1,,380 ,.545
1,,053,
J
11-9
45-1
+45-3
816,633
682,985
591391
461.940
52,968.404
44.133,060.
I
THE CHRONICLE.
1140
months' prices have gained immensely without any decided set-back, and if with the apparent hitch in Pebru
OHIOAGO STOCK MARKET.
Our record
Exchange for
of the transactions on the Chicago Stock
the
week and year, which
Chronicle,
lar feature of the
now
is
[Vol. lxxx.
a regu-
will he found to-day on
page 1163.
ary the idea gained any foothold that a set-back was
dicated by present surroundings, those
ago might be led
little
secure their profits now.
to
less confidence felt
ance of low rates for
THE FINANCIAL SITUATION.
who bought
with reference
money has helped
io-
long
Possibly
a
the continu-
to
to influence this
action.
The character of the advices with reference to peace
Another depressing circumstance was the increasing
week has doubt the early part of the week thrown around the set
prospects has changed for
neared its close. An Associated Press dispatch from St. tlement of the Eusso-Japanese war. The expressed
Petersburg, dated March 23, and published here yester- determination of the Czar to continue the slaughter
day, stated that the party within the Government which which has been in progress the past thirteen months, and
is urging the Emperor to indicate to Japan Eussia's not to seek peace until Eussia was victorious, opened up
the
better as the
end the war, if a reasonable basis can be a prospect of such another series of battles, each succeedreached, has been greatly encouraged in the last few ing one being more bloody than its predecessor, the very
days, and an actual pacific proposal may be pending. suggestion of which is revolting and depressing.
But
willingness
to
War
news encourages a much more promising hope.
Marine, the Emperor's Ministers are said to be favorable Then there has been also the Venezuela difference with
The dispatch further states that French our own Government which has been under discussion
to this course.
influences in the same direction are now being supported during the week, and has certainly had a part, though
by German opinion, and it is said that the recent report probably a small part, as a disturbing influence in the
This is because the smell of gunpowder
that the Emperor William had tendered his good offices stock market.
seems to be confirmed. We have written more fully on is an extremely nauseating dose to our people just now.
And yet we should protest most earnestly against Japan
the prospects of peace in a subsequent article.
The only definite statement regarding the issue of a making a peace that did not ensure complete security
With
the
exception
Enssian internal loan
March
23,
of the
is
Ministers
of
and of the
contained in a brief cable dated
announcing that the amount
against Eussian encroachments hereafter.
be $100,-
to
is
latest
The report that Japan
As the week closes,
exchange has lessened
will issue a loan for £30,000,000 in England and i^ew
Tork is confirmed. Messrs. Kuhn, Loeb «& Co. state which fear we have
GOOjOOOj
it
will be issued at 86.
that they have taken for issue in this country one-half of against
this
new Japanese
loan.
The loan
will bear
4J per cent appears
the fear existing of closer money,
referred to above as
an influence
What
Stock Exchange values.
in
stability
continued decline in foreigu
the
be an explanation of the almost continuous
to
20 years, with the option of the decline in exchange since the middle of March is given
Japanese Government to redeem all or any part after lower down in this report. The fall in rates has been
five years, and will be secured by the revenues from the correctly attributed to relatively dearer money here than
interest, will
run
for
tobacco monopoly, which yield largely in
amount required
excess
of the
in
Europe
;
to
the drawing of finance bills to take
vantage of the higher money rates, through loans of the
for the service of the loan.
proceeds of these
The
effort
to specify,
item by item, at times like the
jiresent the daily influences
ad-
affecting the stock market,
bills;
and
to liberal
change against securities bought
Though
all
for
offerings of ex-
European account.
these factors have, been operative,
it
seems
them otherwise than in the broadest way, is that the purchase of securities has chiefly influenced the
There are general principles, every market. Such purchases, however, have not been requite impracticable.
one knows, of almost weekly application. Individual cent, for they are said to have been made while the
securitieSj under every kind of circumstance may, of boom in our stock market, which reached its culminacourse, be moved up or down by specific facts changing tion a lortuight ago, was developing.
Europeans who
then bought American stocks sought the cheapest market
the actual investment value of the property concerned
lessened dividend and in certain for money in which to carry them, and until recently
such as an enlarged or
phases of the market may carry the body of prices Avith the Kew York market offered that advantage.
When, however, monetary conditions were reversed
them. Earnings of the railroads may be increasing or
decreasing in a general way, and so imparting strength and the European centres became relatively more advanTlie commercial affairs of tageous for the carrying operation, the securities were
or weakness to stock values.
the country may be active and developing or slow and transferred abroad, loans here were canceled and excontracting, so that, taking a long view, all industrial change was drawn against the properties. Eelative moneor to state
—
affairs
may wear an
aspect of decided
promise or real
discouragement.
tary conditions thus
It is scarcely necessary for us to say that in each of
these particulars the situation has continued on the
up
affected.
While
bills
have fluctuated, and most of the time have shown a tendency to sag oft' in a small measure. We do not really
know the reasons for the declines that have taken place.
Market values are much higher than they were six
dear rates for
months ago and some are abnormally high
bly be called top-heavy; but there are
many
possi-
declines which
from
impelling cause for this
New York
to
Europe, and
only
true that the drawing
contributed to the weakness
tageous
the
it is
— the
exchange and the
money here made such drawings advanproceeds
money market
of
— these
incidentally affected
not drawn
in
of finance
the
bills
operations
the
in great volume,
being
in
loaned
finance
bills
They were
movement.
and therefore Avhen
covering at maturity becomes
in
necessary
tlie
their
operation
can probably bo effected in such a way as to result in a
One purpose will be
to be said that the past six or eight reasonable prolit to the drawers.
have occurred that cannot be accounted
It is
— might
the
through the process of transfer the exchange market was
grade as heretofore, and yet values at the Exchange
theory.
became
shifting of transactions
for
ou
that
MA^.
THE CHRONICLE.
25, 1905.
1141
Mr. Eckels looks forward to the time
rates for money shall he prevented Irom advancing to fig- when the country west of the Mississippi will become the
ures which might exert a disturbing efiect upon the secu- section where the investor in securities is to be found.
Furthermore, the results of these financial "The day has gone by when New England and the East
rity markets.
operations seem clearly to give assurance that interna- are the investors and loaners of money alone.
Those
served by them
if,
through the loaning of the proceeds,
Pacific groups.
monetary equilibrium can be restored with reason- who are taking so much wealth from tlie earth, now free
able promptitude whenever conditions develop which from debt, are using that wealth with the conservative
wisdom of the older sections, and from its use are gainmake such restoration necessary.
ing the comforts and refinements of life which were
Mr. James H. Eckels, President of the Commercial denied them during the years when everyone was a borNational Bank of Chicago, and lormerly Comptroller of rower instead of a lender."
the Currency, recently wrote an interesting article on
The reduction announced in telephone rates gives
^'The Financial Power of the New West," which is now
Mr. Eckels cites some special interest to the annual report of the American
reprinted in pamphlet form.
striking figures in illustration of the gi'owth and devel- Telephone & Telegraph Co., which operates the Bell
He system of lines, as distinguished from the lines operated
opment of the western part of the United States.
tional
does not use
term
is
the
word "West"
West" he means
sense
the
Trans-Mississippi
the
territory west of
the
in
generally employed here in the East.
West, that
He
Mississippi Eiver.
the
that the
By "The
is,
says
upwards of $600,000,000 of
bank deposits, is as much 'East' as 'West.' " To show
the marvelous growth in financial power of the region
west of the Mississippi Eiver, Mr. Eckels points out that
that "already Chicago, with
in
the
summer
of 189S, at the time of the report of the
Comptroller of the Currency for July 14, the
by the
so-called independent companies.
Notwithstand-
appearance of these independent companies on
ing the
the scene, the operations of the Bell system are being all
the time
extended, and the growth
pace with this
very
few
money
that
appreciate
people
is
year
Last
extension of
&
service.
amount
the
Doubtless
of
new
going into the system from year to year.
the
Telephone
the
of business keeps
money
required
Telegraph Co.
by the
American
for the extension of its
long
lines and for investment in its operating companies was
banks west of the river had outstanding $320,192,811 of obtained by the sale of $20,000,000 5 per cent coupon
loans and discounts and they held individual deposits notes due May 1 1907 and secured by the company's 4
to the amount of $328,070,822, which sums were, respec- per cent collateral trust bonds to the amount of $25,-
national
14 per cent and 16-4 per cent of all the loans and 000,000. The money required for like purposes for the
discounts and all the individual deposits of national year 1905 is provided by the sale just consummated of
banks in the United States. On November 10 1904 $25,000,000 4 per cent collateral trust bonds. It aptively,
the banks west of the Mississippi had $747,679,980 of pears from the report that
loans and discounts and $785,743,868 of individual de-
the
amount added to
during the year 1904
total
and real estate
the by all the companies
constituting the Bell system
United States. In other words, the national banks west in the United States was $33,436,700. In 1903
of the river made gains of 133 per cent in loans and of the
expenditures
in
this
way wei^e $35,368,139 per cent in deposits, while the national banks in all 700, in 1902 $37,336,500, in 1901 $31,005,400, in
the remainder of the country gained only Qj per cent in 1900 $31,619,100, making the grand total of expendiposits, or 19-8
loans and 72 per cent in deposits.
The explanation
wealth
is
of this
simple enough.
all
tures
upon these properties during the
growth in financial power and 766,400.
Last year the country west of
It is pointed out that
Mr. Eckels, produced 70 per ness
the Mississippi, according to
cent of
construction
and 21-2 per cent of the total for
the wheat, 50 per cent of all the corn, 43 per
during
1904
the
exceeded
year and that the number
five years $168,*
development
that
of
of
busi-
any preceding
of subscribers to the Bell
100 per cent greater than three
the United States, and all the flax.
This territory is the years ago. The number of exchange stations at the end
great surplus producer of bread and food stuffs.
It fur- of the year operated by the companies which constitute
nishes not only practically the whole of our exports of the Bell system was 1,799,633, an increase of 274,466.
cereals, but a very large proportion of the grain that In addition
number there were 167,213
this
to
comes into commercial cliannels at all by being exchange and toll stations operated by companies
contracts
and
shipped
sub-license
beyond the borders of
under
associations
in or
the
State
Adding also
telephones.
which it is grown.
Bell
of
Besides this, the
mineral making
use
output of
the
Western
employed for private line purposes, the Bell
country is very large. telephones
Mr. Eckels notes that before the great miners' strike companies have a total of 2,003,213 stations. The miletemporarily curtailed the output, the West produced 80 age of wire for exchange and toll service at the end of
million dollars of gold, and the silver yield, as is known, 1904 was 4,671,038 miles, of which 712,147 miles were
cent of the oats and 80 per cent of the barley grown in
system
is
practically
added during the year. The capital stock of the Amerand of coal. Eeference might ican Telephone & Telegraph Co. is $158,661,800, of
also be made to cattle-raising
"the cattle that feed the which, however, $27,110,400 is held as a reserve and for
East and England, and the swine and sheep that furnish the benefit of the treasury, leaving $131,551,400 outraw material for half a dozen new packing centers." Kor standing in the hands of the public. The company has
should the great increase that has occurred in transporta- paid dividends each year from April 1000 to date at
is
also very large.
To
this
should be added the produc-
tion of copper, of iron
tion
facilities
in
—without
ignored
the
—
same
which,
part
indeed,
of
the
the
country be
progress
made
7J per cent per annum; its predecessor,
the American Bell Telephone Co., paid an equivalent or
The company's earngreater rate from 1884 to 1900.
the rate of
would have been impossible. Of upward of 200,000
miles of railroad in the United States, about 45 per cent ings for 1904 were over 2 million dollars larger than for
belongs to the Northwestern, the Southwestern and the 1903, the comparison being $18,546,050, against $16^
THE CHRONICLE
1142
[Vol. lxxx.
There was almost a continuous decline in foreign exrevenue was $11,275,702 for 1904,
The caU for the 7J per change each day this week and the market was unseitled
against $10,564,665 for 1903.
On Friday sight ex cent dividends was $9,799,117, leaving a surplus of and lower for all classes of bills.
$1,476,584 on the operations of the year, of which $586,- change sold at rates within 30 points of the lowest since
October 1904. Compared with the highest rates recorded
149 was carried to reserve and $890,435 to surplus.
this year, which were on February 4, those for sight on
545,632; the net
Friday were about two and a half cents per pound
There was no change in official rates of discount hy
sterling lower and compared with March 10, when the
any of the European banks this week and unofficial or
market first began to grow weak, a fall in sight of one
open market rates were steady at the principal centres.
and one-quarter cents per pound is indicated. As heretoLast week's statement of the N'ew York Associated
fore stated, the market has been influenced by the relaBanks showed a loss of §7,430,900 cash, a decrease of
tively higher rates for money here than abroad, which
$5,241,900 in loans, of $13,227,700 in deposits and of
encouraged the drawing of finance bills in order to em$4,123,975 in surplus reserve, to $5,154,175, the lowest
ploy the proceeds in our money market, and also by offersince November 21 1903, when it was $3,911,350; pubings of security bills drawn against purchases of stocks
lic deposits were reduced $1,481,200 through surrenders
The for European account. Inasmuch as such purchases
in response to the call which matured March 15.
have not been readily traceable through the reports of
bank statement of this week should reflect, among other
arbitrage operations on the Stock Exchange, it has been
items, the transfer through the Sub-Treasury of $150,supposed that large blocks of American securities must
000 to I^ew Orleans and of $100,000 to Cincinnati.
have been placed in Europe by syndicates against which
This marks the beginning of the spring movement of
exchange has been drawn. To some extent this is a fact,
currency to the interior for crop-planting purposes.
and part of the Southern Pacific bonds which were
It now appears,
recently negotiated were so placed.
Influenced by the low bank reserves, as indicated by
however, that the securities against which the greater
last week's statement, by more or less important losses
part of the exchange which has come upon the market in
by the banks to the Sub-Treasury, and by a movement of
the last fortnight has been drawn were bought within
currency to the interior, rates for money were firm this
Instead of their being forwarded
the past few months.
week. Loans on call representing bankers' balances
to Europe at the time of purchase, the securities were
were at 3f per cent and at 2 per cent, averaging 3J per
carried here for account of the purchasers, relatively
cent; very little money, however, was loaned at the exlower rates for money in New York than those abroad
treme
Bank and
rates.
trust
company loans were
at
advantageous. When relaMonday transactions making such an operation
3J per cent as the minimum. On
tive monetary conditions first gave indications of a
were at 3J per cent and at 2 per cent, with the majority
about the 15th, the New
On Tuesday loans were at 3^ per cent change, as was the case on or
at 2i per cent.
York bankers who were carrying these securities adand at 3 per cent, with the bulk of the business at 3^ per
that higher interest rates must be
On Wednesday transactions were at 3| per cent vised the owners
cent.
charged. Thereupon the owners decided to complete
and at 3 per cent, with the majority at 3| per cent.
stocks and cancel the loans thereon.
On Thursday and on Friday loans were at 3J per cent payment for the
The securities were shipped abroad and exchange drawn
and at 3 per cent, with the bulk of the business at 3J
per
riods
and
per
the
for
request
3.J
Time
cent.
loans
longer
for
than
representing
brokers
cent
appeared
all
to
for
be
the
shorter
pe.
against them, thus accounting for the hitherto unexplainBankers exable source of supply for such exchange.
from
press
sixty
cline,
will
continue to de-
bonds
will
sale this
probably
contribute
to
the
supply of
amount of exchange. There are some expectations
that, influenced by the pressure of bills, firm rates for
money and a light demand for remittance, sight exchange
but there was a good demand and
more
freely
rates
were 3|'2)4^ per cent
©5
market
week to London investors of $10,000,000 4 per cent American Telephone & Telegraph
ninety days and 3J per cent for four to six months; foreign exchange houses are reported to have loaned money
Commercial paper was
for three months at 3J per cent.
dorsed
the-
under the influence of further offerings of security
and the
bills,
days to six months on good mixed stock collateral,
while other lenders named 3^'S)3J per cent for sixty to
ofiered,
the opinion that
quoted
institutions
of maturity
dates
better
in
bills receivable, 4'S)4J
for sixty to ninety
this
day en- may
fall to
lated at
per cent for prime and 4J
the gold-importing point, which
4 8525.
It
may
is
now calcu-
be noted that offerings of
which were liberal early in the downward
movement of exchange, have perceptibly diminished this
week, and it is thought that the volume emitted has not
The market was chiefly influat any time been large.
enced this week, as has also been the case recently, by
finance
per cent for good four to six months single names.
The Bank of England minimum rate of discount remains unchanged at 2J per cent. The cable reports discounts of sixty to ninety day bank bills in London 2^
per cent. The open market rate at Paris is 2 per cent and
bills,
offerings of security
bills,
by expectations of continued
and by a light inquiry for remitAccording firm rates for money
Commercial bills against cotton were offered in
tance.
to our special cable from London, the Bank of England
fairly liberal sums early in the week, and they subsegained £526,628 bullion during the week and held
quently came forward in moderate amounts. The mar£40,293,197 at the close of the week. Our correspondket for Continental exchange has been quiet, and on
ent further advises us that the gain was due to imports of
Friday francs fell off in response to a decline in ex£393,000 (of which £8,000 from Bucharest and £385,change at Paris on London. Gold received at the Ous»
000 bought in the open market), to exports of £58,000
tom Ilonse during the week $802,119.
(of which £50,000 to South America and £8,000 to
Nominal rates for sterling exchange are 4 84J'S>4 85
Gibraltar), and to receipts of £192,000 net from the inRates for actfor sixty day and 4 80^'S)4 87 for sight.
terior of Great Britain.
nal busini'ss on Monday ^^ere 30 points lower all around
at Berlin
and Frankfort
it is
2g'2)2^ per cent.
'
II
Mae.
THE CHRONICLE.
25, 1905.1
—
compared with those on Friday of last week ^long at
4 84'S)4 8410, short at 4 SG'S^ 8610 and cables at 4 8635®
4 8645. The market was weak and it so continued on
Tuesday, when there was a fall of 10 points in long and
short, the former to 4 8390'S)4 84 and the latter to
4 8590^4 86; cables were 15 points lower at 4 8625®
On Wednesday the market was irregular and
4 8630.
after opening heavy there was a partial rally and it closed
10 points higher for long, at 4 84®4 8410, and 5 points
On
for cables, at 4 8625® 4 8635; short was unchanged.
Thursday the tone was weak, influenced by a pressure
of security bills, and long fell 20 points, to 4 8380®
4 8390, short 25 points, to 4 8565® 4 8575 and cables 35
The tone was steady on
points, to 4 8590®4 86.
Friday, and while it was 10 points lower for long, short
and cables were unchanged.
The following shows daily posted rates for sterling
exchange by some of the leading drawers.
FACTS ABOUT STATE TAXATION, WORTH,
CONSIBEBING.
We
MON.,
Fri..
Wed..
TUES.,
Brown
GO days
Brothers & Co. I Sight
Baring,
5 60 days
Magoun & Co ? Sight..
Bank British
5 60 days
No. America.. (Sight..
Bank of
5 60 days
Montreal
{Sight..
Canadian Bank 5 60 days
of Commerce. {Sight..
Heldelbacb.Ick- 5 60 days
eibelmer&Co. } Sight
Iiazard
j 60 days
Frereg
{Sight..
Mercoants' Bk, 5 60 days
of Canada.
{SiBht ..
5
.
.
85
87
85
87
85
87
85
87
85
85
87
85
87
85
87
85
87
85
4 87)^
87
4 85
4 87
85
87
85
87
85
87
\lar. 22.
87
85
4 85
4 87
4 85}<^
4 87)^
4 85^
4 87J^
4H5]4
4 87;^
4S5ii
4 85
4 87
4
85^
Thur.,
Mar.
-^3.
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
87
85
84Vg
86>6
85
87
85
87
85
87
85
87
85
87
87
for
The
taxation.
of
Prolonged
everywhere and
this
to
logic
stage.
extravagance
became the origin of the disposition to freer expenditures
by every political organization National, State and
—
'
City.
The General Government
pace and the lesser
set the
municipalities have not been backward in sharing in
Chief and earliest
among
army and navy and
new
lately a
to do
with
public works
Panama
finally the
more
appropriations;
extension of the pension
it;
it.
enlarged items were the
the
had something
list
Canal, long a matter
of contention, got to be an affair which Congress, urged
no doubt by a popular wish, was easily led to take up. As
the primary result of this general extravagance
aided
FRI..
Mar. 24.
by a temporary depression
A
deficit.
in
—
business —
^was a
wholly natural secondary feature
is
Treasury
found in
the discussions about putting a duty on coffee and tea to
cure the deficit which improving business has begun to
wipe
new
Some
out.
urge, as an added
taxes, the help they
As we
sions.
would be
reason for
these
our island posses-
to
look at the matter, the real reason for the
shown the suggestion is another big surplus the
added taxes would produce not to pay our debts with,
but to spend.
Our Congressmen and legislators are
favor
80 J^
85
87
85
87
engendered
prosperity
84}^
86^6
841^
863
•87
subjects
has brought affairs
events
85
87
85
87
85
87
85
87
S414
new
in devising
84!^
86}i
84^
are at length nearing the point at which the gift
in highest request in legislative circles will be ingenuity
DAILY POSTED KATES FOE FOREIGN EXCHANGE.
War. 17. Uar. 20. Mar. 21.
1143
—
The market closed on Friday at 4 8370®4 8380 for
much like the children we are bringing up to-day to be
long, 4 8565®4 8575 for short and 4 8590®4 86 for
the grown-ups soon
whose chiefest "fun" is spending
cables.
Commercial on banks, 4 8330®4 8340, and
—
—
documents
payment, 4 82|®4 83f.
for
money.
Cotton for pay-
ment, 4 82f ®4 823, cotton for acceptance,
4 8340, and grain for payment, 4 83§®4 83|.
Kew York Legislature, in devising
Possibly likewise the
4 8330®
its
new method
for getting
needed funds
requiring larger expenditures, had as
for enterprises
basic purpose
its
[
The
to
and from the
interior
to
movements of money
following gives the week's
make
the system
by the l^ew York banks.
special
Week ending Mar.
Ueceired by
Shipped bv
N. Y. Banks. S. Y. Banks.
24, 1905.
Currency
Gold
$5,811,000
607.000
Total eold and legal tenderfl
$4,557,000
690,000
*6.508.000
?5,247.000
Net Interior
Movement.
the
adopted for raising
We
taxes.
charge that
all
of those
commend
is
as
in
to
follows.
extravagance?
Week ending Mar.
Banks
interior
movemeat as above
...
Bank
40,293,197
Knssla.
100,389,000
Is
829.758.000
31,297,000
Loss. $1,539,000
three quarters of the State do not feel the
amount
of bullion in
it
March
Silver.
Total.
Gold.
£
critical
to
for their
Silver.
7otal,
der,
and
and
operation that the
its
rural
taxpayers in
burdens'?
Is
districts
new
the
are
extravagances
laid
to
they
engen-
consequently
meet,
go
£
40,293,197
44,076,433 154,799,352
35,792,798
14,03.5.000
36,063,000
89,803,000
through
35,792,798
94,178,260
44,534,519 138,712,779
12,800,000 48,869,000
8.,291,000
the
Legislature
with
but
little
or objection on the part of a considerable
members
98,004,000
of both Houses.
Aust.-Hun.t
Spain
48,220,000
12,95:7.000
61,147,000
47,223,000
12,811,000
20,762,000
35,714.000
14,631.000
19,587,000
34,218,000
fore
Italy
22,300,000
S.883,900
25.689,900
21,924.000
8,786,800
25,710.800
6,012,200
6,279,700
12,291,900
5,441,700
6,699,700
12,141,400
1,625.607
4,877,000
8,180,667
1,590,333
4,771,000
scrutiny'
number
of the
find that here is there-
conscientiously
3,251,833
We
60,034,000
14,952 000
Netherl'ds..
Nat. Belg.».
Tot. week.
Tot. orev
The
.
:i88,253,649 109,41S,7UO 497,672,349 348,237,425 110,106,352 458,843.777
.
388.628.976 109.029.907 497,658,883 348.1 62,.580 109.104.281 457,266.861
division (between gold and silver) given in our table of coin
m
j
|
The Anstro-Hungarian Bank Statement Is now issued in Kronen and
iieoerinstead of Gulden and Krontzer. The reduction ot the fonncr currency
TO sterling A. was by considering the Gulden to have the value ot ,tU cents. As
tne Krone has reaUy no greater value than 20 cents, our cable correspondent
a very serious objection to this
new system even
if
and intelligently used. It makes the
passage of a bad law easier because there are so many
legislators who vote on its i
passaire who have none or few
o
°
among
and
pnllion
the Bank of Germany and the Bank of Belglnm is made from the
best estimate vre are able to obtain; in neither case is it claimed to he
•ccnrate, a,8 those banks make no distinction in their weekly returns, merely
reporting the total gold and sUver; but we beUeve the division we make is a
close approximation.
their constituencies affected
by
care whether any such tax
little
bill
events, without settling
how
and hence have
becomes a law or
it
,
'
not.
At
t
bydi^^SKSoKfTr^n^byl"^^^^
i
have generally been the
preventing extravagance? These special
the
class
24, 1904.
£
.50,142,000
much
1
23, 1905.
6,329.000 106.718,000
face
not a fact that the members of the Legislature who'
come from
£
110.722,919
France
Germany*.. 42,107.000
in carrying
But does not the plan in
be a means which decidedly aids
it not a method for raising money
not the result of
the
to
which puts the new taxation wholly on the larger communities and virtually exempts the rural districts'? Is
Holdings.
taxes
England....
its
Gain. $1,261,000
2 800 000
T.onn
£ankof
Gold.
who were foremost
§5,247,000
26.050,000
The following table indicates
the principal European banks.
March
Net Change in
Banks.
know and do not mean
$6,508,000
23,250,000
Sub-Treasury operations
Total gold and legal tenders
Out of
Into
Banks.
24, 1905.
to
the endeavor.
prove
practice
refer
State revenue from
all
had any but the better motives
it,
Gain. $1,261,000
Sub-Treasury operations the result
do not
We
easier.
through this scheme, which had on
Gain. $1,254,000
7.000
Gain.
activity
With
extravagance
legislative
all
method of running the
,
--
present shape
State's finances
the
far this
is
finances of our
new taxing
chargeable with
-
Commonwealth^
THE CHRONICLE.
1144
have
assumed,
the
Altogether, the disturbing fact
less
is
study,
close
outside
that a thoroughly reck-
money
of appropriating
habit
demands
situation
regardless
tax
amount, and afterwards^ under the pressure of the apresponding revenue, has become the custom.
Or, to speak
j
sucli tax is
levied
is
to
drive
that
business
out of the place where
neighborhood where it is not taxed. New
York has no ownership in, no hold or lien upon, the
Stock Exchange business.
Circumstances, each slight
it is
propriations, seeking objects for taxation yielding a cor-
State limits; and as no
most other States, the tendency and action of the
in
the
of
the
[Vol. lxxx.
taxed
to a
more exactly of the financial situation as a whole which in itself, tend to keep it here. The interest of the city
confronts Governor Higgins at this moment, it appears and State is to build up, not to weaken, that tendency,
that he has got to meet this year six million dollars of ap- We do not mean to state what would be the full
propriations more than the State Treasury, as our laws now or exact outcome of the tax, immediate or remote.
Hence, the Legis- Any one can see that the facilities for the exchange
ature, before it adjourns, must devise a tax or taxes which of securities would be materially lessened. Its action
If it does not, would not end in a day or in a year.
will furnish that amount of money.
All we knov/
stand, will have revenue to pay
it
with.
i
;
j
report says Mr. Higgins has stated that he will not sign
the appropriation
is
bills,
and
in that decision the
;
Governor
is
it,
a dilemma
means that
of no
little
dimensions and
new system
Seriousness.
It
taxation
influence and tendency would be to
its
lessen the business of the Stock
certainly right.
Here, then,
definitely is that
and the capital used
business so
of State
where
in the
Exchange, and
to drive
Exchange
portion of the
some other occupation, or out of
taxed to a city where it is not taxed.
lost, into
thia
be continued, the Legislature
is to
this
if
some subject for
produce enough revenue to meet
closing days find
In other
tion
is
of
the
done
tions of
be at
words,
in
no
each
when
a hurry, must study up
all familiar,
the
in
remaining,
little difficulty,
the years
ot
easily secured
por-
economic ques-
with which he
is
not likely to
and discover and decide upon some tax
way
its
short
everything
or taxes which will produce the needed funds.
ber that in this
Remem-
the system has been working during
existence.
At
it is
first
THE PBOSPJEGT OF PEACE.
extravagances.
its
legislator
session
city
must in its
taxation which will
the devices were
i
i
'
Such definite news as has come from St. Petersburg
this week has hardly foreshadowed success to the stubborn war party.
great fall in Russian bonds on the
Eussian Bourse semi-official announcements that, to
support an unpopular war, new taxes on beer, matches
and incomes must be imposed; collision between the
soldiers and the people in the Government's efforts at
conscription of men and forced levies of horses
publica-
A
5
;
because they were numerous and offered tion in Eussian newspapers of details of the speculations
Korean lands, to help along
selections would.
This has been going on now for which the Eastern war was incurred this is not the
several years, and each year every department of the material which will bring support to a belligerent gov*
people's industries and methods of doing business have ernment.
been plowed over to find a subject for a new tax until
Perhaps all this would be offset by actual indications
the field is exhausted.
The proposals for such taxation that a chance for a turn in the fortunes of Avar existed.
now before the Legislature show of themselves the utter But there has rarely been an occasion in international
barrenness of even the power of invention to disclose a war when declarations that the contest would not be
subject to meet the needs of the hour.
We pointed out last week
ended, sounded so hollow.
With these conditions confronting the State, the Leg- the particular reason why it was difficult to take seriislature is about to undertake the business of providing ously the assertion of the Czar and his courtiers that the
the required relief.
As already stated, subjects for war could be carried on indefinitely. During the week
taxation have been reported and are now before it. which has elapsed, all indications have gone to show how
They are all matters which affect immense inter- immense and probably insuperable are the difficulties
ests;
they
call
for
a high order of intelligence which would lie in the way of resuming the Manchurian
to deal with them; and no person without a proper campaign with any hope of eventual success.
One of
amount of time at his command, enabling him to the later announcements of the week probably a result
become acquainted with the facts and conditions to be of the return of Eussian experts who have been examaffected, ought to presume to act upon them.
We need ing the Siberian Eailway is to the effect that all ideas
mention but one, and that only briefly.
It is the of double-tracking that line must be abandoned, since
proposed tax of two dollars on the sale of each one hun- the necessary repairs to make the railway practicable
dred shares of stock at the New York Stock Exchange. for the service required of it will use up the funds de^
We have not room to discuss the subject. That is not voted to the purpos e.
our object on this occasion. Our purpose is only to show
At the same time have come, as was to be expected,
that the Legislature could not have subjects affecting reports of the difficulty which the recruiting officers were
wider interests, involving more serious possibilities of encountering, notably in the outlying districts, such as
harm to the finances of the country, to act upon, than Poland, which are not bound to Eussia by any ties of
those it is proposing to handle in the remnant of the hereditary loyalty.
What private advices have come
highly fruitful sources of revenue as naturally the
first
of
Government
officers
in
—
—
—
session left for their consideration.
body lays a tax on the greatest
because
machine
it
so far
excels
all
—we
When
a legislative
might almost
say,
other like bodies, the only
for the conversion of the securities of
the coun-
from Gen. Linevitch at the front
only conjecture; but
it is
to
the
Czar one can
when
such an army has
perfectly safe to say that
each successive step in the retreat of
been marked by wholesale loss or destruction of the supplies colloctcid to feed that army during the balance of
money, and vice versa, it becomes it to hesitate,
lest it cripple in some degree the facilities which such the season, the situation of the army on its way to Hara body aflords.
bin is not such as to give any hope of the resumption of
Now York tax on a certain class of acts in this offensive campaigning. There has, indeed, existed all
city is an impost which cannot of course be collected along the possibility that the Japanese, after cooping
try into
A
Mae.
THE CHRONICLE.
25, 1905.]
Harbin might, by executing one of
their swinging movements to the northward, cut ofi the
railway between that city and Russia an achievement
which could scarcely be frustrated by the troops now at
the Russian Government's disposal, and which, if accomplished, would shut off effectively the avenue of
further supplies for the Manchurian army.
up
their antagonists in
—
from
advices
Yesterday's
St.
Petersburg clearly
re-
There
fact
is
in the present instance something to say of
that in Russia's
been
have
so
to
by
ficially
do
1145
particularly
an
extent
which
interests
its
securities
sustained
arti;
were
compelled
financial
own
their
for
so
case
great
the
safety,
tc
that
return of peace with the return of investment confidence
in other quarters might, as in the case of
England
May
realize
1902, result chiefly in an
effort
to
aftei
on
the
which had been held so long and at such a
This, however, in our judgment, is but a minoi
Intimations, so the story ran, had come from Linevitch cost.
to the effect that Harbin might not be safe as a perma- consideration as compared with the very large problems
nent point of resistance, since 200,000 more men were constantly involved in this Eastern war with the nevei
needed for effective resistance to Oyama's army. At ending possibility of European complications when eacb
Vladivostock such a stand was possible, but on the pre- of the two belligerents had a treaty among the neutral
It has seemed to us that the repeated
supposition that two years' stores should be first accumu- European States.
lated. Who imagines that the railway could bring in season precautions taken by the Continental money markets,
either the men or the supplies thus asked for, or that the the accumulation of gold at the French and German
Japanese blockade of Vladivostock on the sea can now banks, often through ofler of special inducements, have
be broken.
been at least in part a measure of the feeling of appreWe have not mentioned in this recital of facts going hension which could not disappear so long as the war
Were this feeling to be removed, it is
to show the hopelessness of further warfare the attitude continued.
of the French banking community.
There is undoubt- scarcely conceivable that European finance and industry
edly much force in the argument quoted from the would not again move freely and hopefully.
Russian financiers that, at a price, they could place their
bonds in any strong European market. But Russia
LAST YEAR'S SHRINKAGE IN STEEL
has other matters to consider than the mere fact of
flected that city's
raising
money
to
uneasy feeling in these very matters.
complete
its
present campaigns.
As
markets,
view
it
must have a
greatest
European money
to ensuring itself in retention of the
view that the action
In our issue of February 18 we reviewed the figures
of Bessemer steel production for the late calendar year
and commented on the great shrinkage in the production
of and consumption of steel which these figures showed to
careful eye to the future, with a
the French financial community.
of
CON SUMPTION.
a
chronic borrower who, in the past, has been virtually
turned out of two of the
securities
of the
It is
good
from
offices
this point
Paris bankers, to which
have occurred in 1901.
We
pointed out, however, that
we
the Bessemer product no longer constituted such a prewas a most formidable and ominous ponderating proportion of the total output of steel as
incident for Russia.
Even if, at very inviting formerly, and that therefore until the statistics regarding
terms, the French
bankers
take a new Russian the make of steel by the open-hearth process (which had
loan, who
is
to say what eflfect the low valuation been increasing in a very noteworthy way in recent
will have
on the older bonds in French invest- years) became available, it would not be possible to speak
ors'
hands?
When it is added that vfrtually all definitely or accurately on the point of curtailment ol
referred last week,
0^ the
statesmen in the Imperial Council whose advice
consumption. Mr. James M. Swank, the General Manhave been of any value in the past have ager of the Iron & Steel Association, has since then
joined this week in recommending peace on the best completed his compilation dealing with the output oi
terms obtainable; when there is no doubt that the open-hearth steel, and the results confirm the conclusions
French Government has tentatively given similar counsel, reached in our earlier article. Aggregate steel consumption
and when a well defined and not at all improbable was decreased in a very marked degree. And this falling
rumor credits Emperor William of Germany with off, together with the revival of confidence and the rehaving personally advised his infatuated relative at St. covery in general business which subsequently occurred,
or
labors
to draw out of the conflict before it is too explains the great activity and urgent demand in the
and before a city on Russian soil has capitulated, iron and steel industry that developed towards the close
the situation would certainly seem to be one in which of 1904 and have continued to gain headway ever sine©
the yielding of the stubborn war party was merely a then.
Petersburg
late,
question of time.
Whether
war
As
far
as
concerns the open-hearth figures consid-
ended at once, as this week's dis- ered by themselves, they reveal the same tendency as
patches have suggested, or whether it drags on for such the statistics for this class of steel for previous years.
more
will
the
is
or less limited period as the
make
ground
peace.
possible
to
Manchurian armament Wonderful development has occurred in this department
the Czar, there is at any rate fafr of the steel industry within the last decade.
Even in a
moment chances favor
A highly interesting question, much mooted now on
for believing that at the
the English and continental markets, is what will follow in
the financial market after a peace announcement.
few years ago the answer would quite unanimously have
A
year of such unfavorable
the output
conditions as 1904, growth in
was maintained, although the further increase
was very small
offset to the
—
loss
so
small
in
the
as
to
count for
little
as an,
production of Bessemer steeL
The product of open-hearth steel in 1904 was 5,907,been given that a great revival in finance and industry GG6 tons, which compares with 5,829,911 tons in 1903J
would ensue. The experience of 1902, however, when 5,087,729 tons in 1902, 4,656,309 tons in 1901 and only
return to peace after the Transvaal War was followed 2,947,316 tons in 1899. In 1895 the aggregate had
by a prolonged period of stagnation in the markets been only 1,137,182 tons, and prior to that year the total
chiefly interested, has somewhat shaken belief in the had never in any one year reached a million tons.
The
necessary recovery as a result of the ending of a war. record by years back to 1893 is shown in the followingo
THE CHRONICLE.
1146
Tear.
Tons.
737,89u
784,936
1893
1894
1895
1897
1898
1899
1900
1,608.671
2.280,292
2.947,816
3,398,136
1.187,182
1,298,700
^{l»6
Tear.
Ton$.
1901
1902
1903
4,656,809
6,687,729
1904
.5,907,666
5.fi29,911
Wliile the open-hearth product has thus been steadily
rising, the
Bessemer output,
at least during the last
two
Only 7,859,140
of the peculiar state of things which
had developed in
the latter part of 1903
ound themselves suddenly confronted with a situation
where they could no longer float new obligations even
companies with exceptional credit finding it difl&cult to
—
place
Bessemer ingots and castings were produced in 1904,
against 8,592,829 tons in 1903 and 9,138,363 tons in
1902.
Even in 1901 the Bessemer plants had turned
out 8,713,202 tons of steel. The losses here shown do
not indicate a displacement to that extent of Bessemer
steel by open hearth steel, but rather reflect the unfavorable conditions prevailing under which the aggregate
consumption of steel was greatly reduced, and particularly the consumption of those articles and classes of
inished steel in the manufacture of which Bessemer
steel is used.
For instance, there was a very large contraction in 1904 in the output of rails, and rails in this
country are almost exclusively made out of Bessemer
steel.
In the table below we show both the Bessemer
*nd the open-hearth product, and also the aggregate
The railroads
the railroad world.
tons
years, has been heavily declining.
lxxx
This great shrinkage followed directly as a consequence
OrEM-HEABTH STEEL PKODUCTION.
T<m*.
tear.
[Vol.
new
loans.
The income outlook
for the railroads,
of
that time, and hence
managers were obliged to curtail their outlays
in every direction, and curtailment of the purchases of
rails was one of the ways in which economy was enforced.
But all this has again been changed, market
values of stocks and bonds, which during 1903 had shrunk
in such an amazing way as to create an actual feeling of
disquietude, having in 1904 completely recovered, and
a very material and noteworthy advance in prices having
been established. There is, hence, no difficulty now in
finding a market for railroad securities, and as returns
of earnings are once more improving, railroad managers
are making up for lost time in carrying out improvement*
and in doing needed new work.
As through the publication last week of the annual remake of steel for each of the last six years.
port of the United States Steel Corporation we have the
STEEL PRODUCTION IN UNITED STATES IN GROSS TONS.
Bessemer
OpenCalendar
Ml Other Total Ingots figures showing that company's output of various articles
Tear,
Steel.
Hearth.
Steel.
and Castings. of iron and steel, it will be interesting to see what
2,947,316
106.187
10,639,857
1899
7,586,354
1900
105,424
10,188,329 changes occurred under the conditions which prevailed
6,684,770
3,398,135
1901
8,713,302
103,984
13,473,595 in 1904 in the Steel Corporation's proportions of the
4,656,309
1902
121,158
14,947,250
9,138,363
5,637,7-9
In
1903
5,829,911
112,238
14,534,978 total output of iron and steel in the United States.
8,592,829
•112,000
il9i>4
7,859,140
5,907,666
13,878,806 the table we now give we show the country's total pro• No data for 1904; taken same as previous year.
duction for each of the last three years and the portion
The important fact disclosed by the foregoing is that of the same contributed by the Steel Corporation in the
too,
did not appear very rosy at
railroad
c
altogether only 13,878,806
the United States in
of steel Avere
tons
1904, against
14,534,978
made
in
tons in
1903 and 14,947,250 tons in 1902. In other words, we
have here a decrease of 656,172 tons as compared with
1903 and of 1,068,444 tons as compared with 1902.
The
significance of this
when
things
it is
in
remembered
that
country
this
is
be appreciated
will
falling off
normal condition of
the
one of continuous growth.
Obviously conditions the last half of 1903 and nearly
Ihe whole of 1904 were not normal but just the reverse.
Hence, instead of expansion there was contraction. But
even this does not indicate the full extent of the change
which occurred. In the earlier of the three years the
home product had to be supplemented by large imports.
In 1904, instead of large imports, there were large ex-
Making allowance
ports.
ternal
was
for this
movement, the shrinkage
really very
much
in
home consumption
In our
the result
article
of February 18
would be with allowance
the changes in the external currents in
produce this table here with some
for
the case of one
important finished steel product, namely
made
the ex-
greater than that indicated by the
decrease in production.
we showed what
alteration in
rails.
trifling
"We
re-
alterations
necessary by the receipt of later returns.
1904.
2,084,438
1903.
2,873,228
1902.
2,876,293
200,323
119,249
71,640
Total production
Imports, Iron and steel
2,284.761
37,776
2,992,477
95,555
2,947,933
63,522
Exports, iron and steel
2,322,537
416,250
3.088,032
30,837
3,011,455
67,666
rails
Otlier rails, iron
and
steel
Bessemer
—pig
and Bessemer
steel
iron,
open-hearth steel,
rails.
Iron Production—
1902.
1904.
1903.
17,821,307
Wliole country
18,009,252
16,497.033
U.S. Steel proport'n.. 7,369,421(45%) 7,279.241(40%) 7,975,530(45%)
Open-hearth Steel—
5,637,729
Wliole country
5,829,911
5,907,066
2,978.399(50%) 2,976,300(51%) 2,984,708(529^
U. S. Steel
Bessemer Steel
9,138,363
8,592,829
Whole country
7,859,140
U.S. Steel
5,427,979 (6£%) 6,191,660(72%) 6,759,210(74%)
Bessemer Sails—
2,947,933
Wholecountry
2,992,477
2,284,781
1,212,643(54%) 1,934,315(65%) 1,920,786(65%)
U.S. Steel
—
The changes revealed
in
this
comparison are on the
The
whole in accord with current knowledge.
Corporation actually
made more
iron in
Steel
1904 than in
1903, notwithstanding the decrease in the country's total
iron production of over 1^ million tons ; and its propor-
which in 1903 had fallen from 45 per
40 per cent, again moved up to 45. This is what
tion of the total,
cent to
would be expected. The Steel Corporation does not
make enough iron to supply its own needs and when
these
needs diminish, as
natural that
should favor
it
they did in
its
own
1904,
plants
it
furnaces.
only
rather than
The comparison as to steel
Almost the whole of the
decidedly noteworthy.
outside
is
rails is
loss in
output fell on the Steel Corporation, with the result that
KAIL PEODLCTION.
Bessemer
case of four leading items
had only 54 per cent of the rail output of the year,
lu other
agaiust (io per cent in both 1903 and in 1902.
words, while the total make of Bessemer rails fell from
it
2,284,761 tons in 1904, the
portion of the same furnished by the Steel Corporation
If the
dropped from 1,934,315 tons to 1,242,646 tons.
2,992,477 tons in
1903
to
from the
3,057,195
2,943,789 Steel Corporation's contribution bo deducted
Home consumption
1,906,287
iudepeudeut steel
Thus the home consumption of rails in 1904 was only total production of Bessemer rails, the
tons ot steel
1,906,287 tons, agains 3,057,195 tons in 1903 and 2,943,- compauies are seen to have made 1,042,115
789 tons in 1902. In brief, the decrease as compared in 1904, agaiust 1,058,162 tons in 1903 and 1,027,147
with either one of the two years preceding was considera- tons in 1902 showing scarcely any change at all in tlie
—
bly over a inillion tons
— a shrinkage
of fully one-thiid.
output
of rails
by these compauies.
Mae.
But
the Steel
THE CHRONICLE.
25, 1905.]
if
Corporation
shrinkage in the demand for
ought
it
to
The 691,669
trade.
Steel Corporation
1904
liability is
reserve.
It
is
premiums to be hereafter received on the policies, and
all being improved at a given interest rate, will suffice to
meet these policy contracts one by one as they mature.
This required sum now in hand is the reserve.
It is
present revival in the
the
tons loss in rails sustained by the
in
The great bulk of
assets.
by parity of reasoning assumed that a given sum now in hand, together with
rails,
gain most from
most from the
suffered
1147
at the quoted price for rails
had a money value of over 19 million dollars
(and the profit on rails is presumably considerable), true that there is a value in the age and reputation ao«
which shows for how much the improvement in this one quired, also that any sound company has a recuperaitem alone will account. The company's proportion of tive power which would probably carry it through, even
$28 a
ton,
j
I
i
the Bessemer
steel
declined, having
output also
been
if this
reserve were
somewhat impaired, provided public
1903 confidence were not disturbed; yet reputation and recupand 74 per cent for 1902; but this reduction was inevita- erative power are not taken into account. The required
With its sum now in hand is subject to exact mathematical calcuble with the reduction in the make of rails.
only 69 per cent for 1904, against 72 per
cent
for
i
output reduced over one-third, the amount needed of
rail
out of which
ingots
the rails are manufactured
show very
alteration, the Steel Cor-
little
50 per cent of the country's
poration having produced
and
if it is
not present
there
a legal or techni-
is
cal impairment.
In the case of open-hearth
course coincidently reduced.
steel the ratios
was of
lation,
Ordinarily, corporate surplus
over and above every
is
obligation to the public, and therefore
belongs to the
it
stockholders as excess value upon their stock.
In
life
output of open-hearth steel in 1904, 51 per cent in 1903
insurance, everything belongs to the members, for the
and
comparative
52 per cent in 1902.
trifle
sidered in this
TEIJ
The
EQUITABLE LIFE
contest over the
manner
a
week by a vote
close this
OASE.
company
was brought
amend
so
to
is theirs, with
simply assets which the
not legally and mathematically required to
the rest of the assets, for
of electing directors in
the Equitable Life Assurance Society
of the capital stock need not be con-
connection; the surplus
to
the charter as
have.
is
it
is
Surplus does not exist in
usual understanding of the term
;
life
insurance, in the
that
a misnomer,
is
to allow participation
used in the lack of a more accurate term, and it has
some misleading effect. Formerly this excess fund was
will
given in the State reports as
by policy-holders. Policy-holders
consequently have the right to annually choose
seven directors against six by the stockholders, and four
'^
gross divisible surplus j"
1898 the Mutual Life gave it in two items as " contingent guaranty fund" and "divisible surplus," the
plete change in the composition of the majority of the 52 latter meaning what it was assumed could be safely
members, if it is assumed that participation by policy- divided very soon ; the New York Life avoids the term,
holders will effect such change.
But inasmuch as there using the more correct expression "reserve to provide
is no real antagonism of interest between the stock and
dividends ;" but the present term used generally in the
the company and no issue has been or is likely to be raised reports is " unassigned funds (surplus)."
upon which policy-holders will feel concerned, the whole
Thus we see that "dividend" and "surplus" are un-
years will be required in order to
agitation will probably end in
make
resort
possible a
the proxy and
to
the nominal participation by policy-holders that has long
prevailed in other companies.
It
may
effects
be well to point out that for any undesirable
which may be supposed
to
in
com-
proceed from the exist-
fortunate terms in
life
insurance use because they con-'
vey an inaccurate impression; neither should have been
used, and both should be abandoned for language less
liable to mislead.
Surplus, strictly speaking,
applicable for division, or unassigned funds;
is
reserves
an un-|
The reason why it has grown to such
responsible.
By the general law enacted in 1853, before proportions, amounting in some companies to as much as
the Equitable was organized, a guaranty capital was re- one-fifth of assets, is that the risks written have been
ence
of capital
stock
in
life
insurance the State
is
it is
divided interest.
[
quired as a protection against loss to the
first
or earliest
so largely
of the "deferred"
class,
no
return
being
and the law to that effect still made to living policy-holders until the close of a "term"
two companies in the State with- of years, usually fifteen or twenty. The morality and
out capital stock, and none can now be organized Avith- expediency of this plan we need not now discuss. Necesout it. Companies are "mixed," and the mode of elect- sarily, it piles up vast accumulations temporarily; but if
lot
of policy-holders,
stands; there are only
ing trustees depends on the provisions of the charter in
each case.
better way for bridging over the early
years of a company might have been provided; yet there
and
has not been trouble in practice on this account.
agreed seem to be clearly an unwarranted interference
A
The
assets
agitation
now
has arisen because the Equitable's
and surplus are
amount
large.
But
the
demand
of surplus shall be sepa rately stated
and that
investment shall be specified, item by item,
sible
case,
and
is
exist.
liabilities;
it
it is
is
It
is
only the excess of
not one dollar of assets
non-identifiable.
also a material
misapprehension in the current discussions about the nature of surplus in life insurance.
Life insurance surplus is peculiar.
The obligations of life insurance are future
to
all
propositions to compel a division before the time
with freedom of contract.
Concerning the possible dangers of the great size of
single companies, as to which there is undoubtedly some
apprehension,
we wrote
last
week.
But
it
is
not at all
certain that these accumulations are to go on increasing
is already stated in every
cannot be specifically invested, because it
rather than another ;
ing
their
at
over
There
impos-
when they make
it
does not specifically
assets
is
its
it
amount of surplus
the
;
that the
the insured voluntarily choose
contracts, that seems to be within their right of choice,
and contingent, amountas much as ten or even twenty times the present
any such rate as the past has shown.
The terms
of
these contracts are successively expiring, and successive
must be made, according to contract. If the
original estimates and expectations are realized, the
amounts distributed will be the larger; but those who disdivisions
approve of the deferred-distribution plan are certain that
there will be a heavy falling off from those expectations.
may be so, and in some measure the results thus
have been below those claimed and expected^ to the.
This
far
THE CHRONICLE.
1148
extent that
plan
is iiself
so there will be disappointment.
is
it
on
terminative of
As
The
is
such a large carrier of anthracite,
and a few years more must be de- some may possibly think
If the results are ample, the accum- for the freight it moves.
it.
down by
re-distribution; if the results
For 1904
low.
are not satisfactory, there will inevitably be a reaction
though a
towards the old plan of annual distribution, which plan,
It will,
indeed, already shows signs of resuming
In any event, therefore, there
more importance.
a natural compensatory
is
little
it
receives high average rates
On
the contrary,
it
seems
no cause
to us that there is
for
the average realized per ton per mile,
was only 6*75
better than for 1903,
no doubt, be a surprise,
company has developed a high
too,
is
mills.
hear that the
to
train-load.
During 1904
made
to the average,
a further addition of 27 tons was
admitted,
rates are
its
bringing the train-load up to 420 tons, which,
principle at work.
the whole
cDmpany
the
trial,
ulations will be kept
On
[Vol. lxxx.
will be
it
a very satisfactory figure for a company like
who have been indulging in the Delaware & Hudson.
forebodings some of whom have even made the strange
In reviewing the annual report of the Delaware Lack"the only way out of it is Government awanna & Western, we called attention to the criticism
suggestion that
ownership of the life insurance business" underrate by President Truesdale of that company of the proposed
Having rate legislation by Congress adverse to railroad interests.
the common sense of the American people.
gone largely into what may be called a pooling plan of President Willcox, of the Delaware & Hudson Comapprehension, and that those
—
—
life
insurance savings, they will not allow themselves to
be injured by
it;
for they will
judge
it
by
its
results;
pany, also deems
pertinent to
it
refer to
this subject.
The chief executive of a company which devotes
all
its
abandon earnings above the requirements for 7 per cent dividends
But the life insurance principle, and the public ad- on its shares to improvements and additions, with the
it.
cheapening
view of improving the service and
herence to it, are not in the slightest danger.
and
gradually
those do not satisfy they will
if
the
DELAWARE & HUDSON EEPOBT.
of
cost
transportation
evidently entitled to
to
its
patrons,
be heard with reference
to
is
any-
which attracts attention in the present thing threatening railroad interests in general. Mr.
report of the Delaware & Hudson Company is that it is Willcox made some admirable arguments before Conthe seventy-fifth annual report issued by the company. gress against the proposed measures, and his discussion
This shows what a long history the company has had, of the matter in the present report is equally telling and
The company convincing. He points out that the Delaware Ss Hudson,
its charter in fact dating back to 1823.
The
first fact
ranks with those that have had an extended period of in
prosperity;
and the
results disclosed
evident that this record of prosperity
is
After large allowances
unimpaired.
1904 make
for
it
common
with the railway companies of the country
generally, has no desire that rebates, secret rate-cutting or
being maintained unjust discrimination or undue or unreasonable preferSuch pracfor depreciation, ences in railway service shall be tolerated.
by existing statutes, and, as the
property, a surplus remained on the operations of the Inter-State Commerce Commission stated in its last
If anything furtwelve months in the sum of $4,452,522 equal to over annual report, have practically ceased.
sinking funds and for betterments and additions
to the
tices
are prohibited
—
11 per cent on the average amount of stock outstanding ther can be devised in the direction of their suppression
during the year. As only 7 per cent dividends are be- it will undoubtedly have the earnest support of the rail*
ing paid, the
Out of
purpose was but $2,756,162.
call for that
the balance remaining $1,500,000
was credited
roads of the country.
As Mr. Willcox
well says, the Esch-Townsend
bill
account of mining plant and the rest credited to has no bearing whatever upon such practices and no
The present statutes prohibit
connection therewith.
profit and loss.
Betterments and additions to the property for the unreasonable rates and fully empower the Inter-State
to the
addition by reason
year aggregated $2,465,243, but no
of the same was
made
to capital account.
The
total of
Commerce Commission
to enforce
that prohibition.
As
a matter of fact, substantially no cases of unreasonable
twelve rates have been established since the Commission was
The Esch-Townsend bill goes further than
months to both operating expenses and profit and loss created.
was no less than $5,807,444. It may be recalled that merely attempting to secure reasonableness of rates. Its
the betterment and depreciation charges for
the
in 1899 the stockholders voted to set aside every year, as
provisions take the ultimate rate-making
power from the
the
a sinking fund to retire stock and bonds and guaranteed officials who represent the interests identified with
power in one central
securities, an amount equal to at least 5 cents per ton of respective properties and vest that
Out of the fund thus created, $417,100 of governmental board, having no responsibility for the
coal sold.
was purchased and canceled during the year. The results of operation. Mr. Willcox is certainly justified
company also paid off $585,000 of debentures. Alto- in saying that such a movement concerns most seriously
prosperity and continued
gether, therefore, the capitalization of the property was all who are interested in the
diminished during 1904 by payments on account thereof development of the railways whether as employees,
amounting to the sura of $1,002,100. The stock being security-holders, shippers, residents of the respective
manufacturers of, or dealersi
at a premium, the $417,100 purchased cost $009,002. localities which they serve,
stock
—
On
the
other
stockholders
at
new stock sold to
premium of $2,348,763.
hand, the $7,000,000
135 yielded a
in,
railway materials, &c., &c.
What
such legislation would
mean can be
perceived
would place railroad income under
whose chief
ing bonds and debentures of the New York & Canada full control of a board of public officials
asserting
Kailway Co. amounting to $5,000,000 were paid, as also function would naturally be to satisfy those
obvious tendency
$200,000 outstanding bonds of the Chateaugay Kailway, claims against such income. The
the railway properbesides the expense of standard-gauging the Chateaugay would be to cut down the income of
& Lake Placid Ky., amounting to $2,005,778. The rest ties so as to affect injuriously their value and to impair
From
the proceeds of this $7,000,000 sale the
of the proceeds were
the company.
used
for
the
general
outstand-
purposes of
readily enough.
It
the ability of the companies to continue liberal disburse-
ments
tor
wages and material and
for
maintainmg and
Mak.
THE CHRONICLE.
25, 1905.]
increasing efficiency of the
would
UA9
—Mr. Charles L. Robinson, Vice-President of the Guardian
Trust Company, formerly with the National Bink of ComMr.
been elected a director of the Chelsea Eschange
of rate-making from those who are constantly studying merce, has
The Oriental Bank, now the Clearing Bank for the
Bank.
the necessities for development of the respective regions
Chelsea Exchange Bank, handles also the active account of
which they serve to an official board which in view of the Guardian Trust Company, Mr. Jones, President of the
the vastness of its duties could not possibly be as well Oriental Bank, being a member of the Board of the Gaarinformed or as efficient. From every standpoint, there- dian Trust Company. This makes a very close connestion
between these three institutions.
fore, such legislation would be detrimental to the interJustice Bischoff, In the Supreme Court on Thursday,
President Willest of security-holders and the public.
granted the icjnnction asked for by Wm. A. Read, restraincox is to be commended for attempting to arouse se- ing his former partners in the banking firm of Vermilye
&
curity-holders of the company and for suggesting action Co. from using the firm name after the partnership is wound
up at the close of this month. The Court said: "While it Is
on their part to avert the threatened harm.
my conclusion that the plaintiff cannot eventually suoceed
upon his prayer for a sale of the firm name to the highest
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
bidder, still an injunction should issue to prevent the de.
—The public sales of bank stocks this week aggregate 265 fendants' unauthorized use of the name as against the plaint*
shares, of which 114 shares were sold at the Stock Exchange iff after this partnership comes to an end."
and 151 shares at anotion. The transactions in trust com—Simultaneous with the announcement this week that conpany stocks reach a total of 142 shares. The Stock Exchange trol of the Union Bank of Brooklyn had bsen secured by
transactions were all in the stock of one bank, the National President David A. Sullivan, of the Stuy vesant Bank of that
Bank of Commerce, while the total of 151 shares sold at auc- borough, came the further information that the two institution was made np of small lots of the stock of eleven differ- tions would consolidate under the name of the Uaion Bank,
ent banks. Twenty-five shares of stock of the Van Norden with the presdut Stuyvesant Bank and its branches continued
Trust Co. were sold at 290, an advance of 55 points over the as branches. Each bank has a capital of $330,030. The price
price paid at the last previous sale in January.
paid for the control of the Union, it is stated, was {^15 per
service.
It
also, as
Willcox so pertinently observes, transfer the function
—
BuxKa—New
4BowervBank
Mharts.
loric.
;
4 Citizens' Central Nat. Bank...,
*114 Commeroe, Nat. Bank of
Price.
33014
leT^a
225-227
156
10 Consolidated Nat. Bank
420i«-421i6
20 Gallatin Nat. Bank
165ia
4 German-Amerloan Bank
245
8 Qreenwloli Bank
280
10 Irving National Bank
28 Merchants' Exch. Nat. Bank.. 176
280Se
11 Mercantile Nat. Bank
221
5 Mount Morris Bank
50 New York, N. B. A., Bank of... 320i«
Tkdst Companies—-Yew Tork.
35214
18 City Trust Co
680
60 Equitable Trust Oo
51 Metropolitan Trust Co
639%-6i5
1600
1 Union Trust Co
26 Van Norden Trust Go
290
*
La$t previout sale.
Jan. 1905— 365
June 1904— 146
Mar. 1906— 228
Nov. 1904- 145ifl
1905—
Oct 1904—
Jan. 1905—
Feb. 1905—
Feb. 1905—
Feb. 1905—
Apr. 1904—
Feb. 1905—
Feb.
417i«
161k
291
268
175
280
214
318%
Jan. 1903— 400
Mar. 1905— 645J«
Feb.
1905—
64014
Mar. 1905— 1510
Jan.
1905— 235
Sold at the Stock Exchange.
&
—The Title
Guarantee
Trust Company of this city has
a quarterly dividend of 4 per cent, payable March
declared
81, increasing the rate of distribution from 12 per cent to 16
per cent per annum.
share, or about 50 points over the present
market
price.
reported, has been sebagaa business in May, 1903,
Fully two-thirds of the stock,
it
is
The Sfcuyvesant Bank
with |100,OCO capital. The amount was increased
cured.
to |300,000
In July, 1903.
—A
neat little book pertinent to the functions and facilithe Fifth Avenue Trust Company of this city has
oome to us from that institution. The brochure Is deserving
of mention for the good taste displayed in its design, as also
for the information it contains. The major portion of its
pages is devoted to a digest, prepared by the attorneys of the
institution, of the laws governing ''The Inheritance and Distribution of the Property of Decedents." This will be found
very convenient for ready reference. There are also views
of the offices of the company, the frontispieoe being a cut of
the building, which is located at 5th Avenue and 43d Street.
ties of
—The
Bank at 2717 Broadway, an
on the upper West Side which derives its ac—J. & W. SeUgman & Co. have purchased a plot of
ground 103 feet on William Street, 79 feet on South William counts entirely from the residents in the neighborhood, on
Street and 54 feet on Stone Street. At the other corners con^ the second inst. were $587,238, agains!; $333,652 a year and a
verging at this point are the following fine buildiiiga Farmers' half ago. The bank is a comparatively new one. Mr. George
Loan & Trust Co, Corn Exchange Bank, Cotton Exchange Chapman is President an 3 Mr. Eiward J. Croker is Cashier.
and Delmonioo's. The banking house which secures this
—The annual report of the Disconto Gasellschaf t of Berlin
advantageous site contemplates the erection of a compara- (with branches at Bremen, Frankfort a/M. and London) for
tively low building to be devoted mainly to its own use.
the year ending December 31 1904 shows a net profit of
—On Wednesday evening the Brooklyn and Long Island $4,069,469, an increase of $432,22) over the previous year.
bankers, comprising Group VII., New York State Bankers' The dividend payable on the increased capital of $40,476,200
Association, held their annual banquet in the Hotel St. is 8% per cent, as compared with 814 P^r C9°t on $35,714,300
George, at which Mr. Stephen M. Qriswold, Chairman of in 1903. The reserve of the bank has baan brought up to
Group VII., and also President of the Union Bank, presided. $13,714,000. Deposits and funds placed at the disposal of the
Mr.Charles H. Sabin, President of the New York State Bank- bank amount to $65,240,000, while the acceptances are $33,«
deposits of the Century
institution
:
,
Association; Mr. David Cromwell, Treasurer of the latter,
and Mr. Henry Chapin Jr., Vice-President of the National
Bank of North America of this city, were the principal
speakers of the evening. Mr. Chapin discussed in an able
ers'
manner the laws governing banking in the different States.
The evening's program was thoroughly enjoyed. Many
ladies
were present.
—As an
aftermath of the resignation of President Edwards
ef the National Bank of North America of this city, Mr.
August Belmont has resigned from the board of directors of
the institution.
—Mr.
Oakleigh Thome and several of his business assohave this week organized the Broadway Securities
Company as a holding concern for the stocks they own in
the North American Trust Company and the Trust Company of America of this city. Daring January the North
American Tiu3t CompaDy shareholders were offered a partic-
ciates
810,000.
On
the other
hand the
liquid assets of the
bank are
The pen-
with $17,857,100 of securities owned.
bank has been increased to $893,000; the
savings of the employees amount to $916,600, at an interest
rate of 5 per cent. The Disconto Gasellschaf t also owns the
entire capital stock of $11,904,600 of the Norddeutache Bank
in Hamburg, which for 1904 earned a dividend of 814 V^^
$60,475,000,
sion fund of the
cent.
—The lately
incorporate! HDboken, N.
J., financial insti-
Company, will be in charge of
James C. Gahagan as Presilent; L30 Stein and Charles H.
Focht, Vice-Presidents, and H. C. Steneck, Secretary and
The company has a capital of $100,000. It 19
Treasurer.
tution, the Jefferson Trust
scheduled to open in Jane.
—It is reported that the project to establish the First National Bank of Montclalr, N. J,, has been abandoned, the
charter, which was granted on November 3 last, having expired by limitation. The institution was to have had »
the two companies,
ipating interest in a block of stock of
which will shortly be consolidated. To effect these changes
the Broadway Securities Company was formed with a capital of 18,075,000, in shares of flOO.
capital of $100,000.
—The New
Saturday
its
Jersey Bankers' Association concluded last
second annual convention, which opened the^
THE CHRONICLE.
1150
preyious day ,at Atlantic City. GoverHor E, C. Stokes of
New Jersey and ex- Attorney-General of the United States
John W. Grigga were the guests of honor and the principal
speakers at the banquet which was given by the association
on the evening of ^.the first day's session. Addresses during
the course of ^the proceedings were delivered by President
Uzal H. McCarter of the Fidelity Trust Company of Newark;
James G. Cannon, Vice-President of the Fourth National
Bank of New York; Clark Williams, Vice-Preside at of the
United States Mortgage & Trust Company of New York;
Jordan J. R:>llinsof Rollins & Rollins, Attorneys of New
York City, and David O. Watklns, New Jersey Commissioner of Banking and Insurance. For the ensuing year the
association will be offisered by the following: President,
Edward S. Campbell, President of the National Newark
Banking Company of Newark, N, J.; Vice-President, Carlton
Godfrey, President of the Guarantee Trust Company of
Atlantic City; Treasurer (re-elected), H, G, Parker, Cishier
of the National Bank of New Jersey, at New Brunswick, and
Secretary (re elected). William J. Field, Treasurer of the
Commercial Trust Company of New Jersey, Jersey City.
—The payment
depositors of the
of
the
23
German Bank
per cent
dividend
of Baffalo, N.
Y
,
to the
author-
was commenced on Thursday
by Receiver A. J. Wheeler. The former President of the
bank, Eugene A. Georger, was arraigned In the Sapreme
Court at Buffalo on the 15th Inst, on nine indictments
brought against him by the Grand Jury. Bail, fixed at
125,000 on one of the indictments charging misappropriation
of $10,000 of the bank's funds, was furnished. ladictments
were also found against Adolph Machwirth and John P.
DIehl, directors of the bank; Richard Eaaory, President of
the bank at the time of its failure; Cashier Paul Werner,
and R ibert F. Schelllng, a director and formerly a VicePresident of the bank. Bail, ranging from $l,O0O to |2,000,
was furnished by all the accused. A statement with regard
to the attitude of the depositors' committee concerning the
new ofifer of $287,500 made by the directors In settlement of
the action brought against the latter was issued on the 17th
ized
several
weeks
ago,
[Vol. lxxx.
I.
The amount Is for 60 per cent, or $50 per
and was payable on.and after the 23d inst. A similar
s^m was paid in August last. The Union Trust Company of
Providence, R.
share,
Providence
Is
conducting the liquidation.
—The
stockholders of the ladustrial Trust Company of
Providence, R. I., voted on Tuesday ]to raise the capital from
$l,50!),000 to $3,000,000, the company having recently been
authorizsd by the General Assembly to make an increase to
sum
not exceeding $5,000,000. Of the new $1,600,000 issue,
go to the stockholders of the Newport Trust
Company of Newport, R, I. (capital $300,000) to be paid for
In shares of the latter on the basis of three shares of the Industrial Trust Company for five shares of the Newport Company. About $750,000 par value of the new stock will be
offered pro rata to existing stockholders of the Industrial
Trust at $250 per share, while about $50,000 par value will
be issued at the same price ($?50 per share) to former stockholders of the banks now merged into branches of the Indusa
1,750 shares will
,
trial Trust,
The remainder
of the
new
Issue will be alloted
such persons and in such amounts as the
President of the corporation shall direct, whether or not
such persons are stockholders, directors, ofiKoers or members
of any committee of the corporation." All the new capital
is to be paid in by April 16.
at $350 a share "to
—Bankers
of Massachusetts,
who
for
some time past have
been seeking to forma State organization, have at length
been successful In their efforts. A meeting of the banking
Interests of the State was held in Boston at the Hotel Brunswick on Wednesday night, when the movement succeeded of
realization.
Of the 445 banking institutions of the Common wealth, 283 were represented at the meeting by delegates, all
signifying their approval of the step. Any national bank,
trust company or savings bank may become a member of the
body, which is to be known as the Massachusetts' Bankers'
Association. The annual dues are $5 for members having a
capital of $100,000 and less than $1,000,000; $20 each for
members having a capital of $1,000,000 or more; $5 each for
savings banks having deposits of less than $1,000,000, and $10
each for those having deposits of $1,000,000 or more. The
first set of officers Is as follows: President, H. M. Batchelder,
It says in part
inst.
As soon as the Information oame to this committee that the evidence President of the Merchants' National Bank of Salem; Vicebefore the Grand Jnry was of anoh a character that Indlotmenti for President, W. D. Luey, Vice-President of the Worcester
felony could be reported, this committee Immediately declined to Trust Company of Worcester, and Treasurer, E, H. Lowell,
make any f nrther recommendation to the court In the matter; and It Cashier of the Winnlslmmet National Bank of Chelsea.
never haa and never will favor the compromlas of actions brought by
—Oa March 81 the Rockingham National Bank of Portsthe receiver against said directors upon any basis that contemplates
the failure to prosecute said directors for any criminal acts greater mouth, N. H., will be placed In liquidation, the directors
than misdemeanor.
having decided to close up Its affairs. The bank was charRequisition papers for the extradition of Arthur E. Apple- tered in 1813 and is one of the oldest financial institutions
yard, in connection with charges growing out of the failure in the State. The capital Is $1GO,000, In $100 shares. Arof the bank, were signed by Governor Douglas, of Massa- rangements are being made to pay to the stockholders a divichusetts, on Wednesday. Steps for his release were imme- dend of $135 per share,
diately taken by his counsel in a petitionfor a writ of habeas
—An application presented to the Comptroller to organiza
corpus. April 5 was fixed as the date for the hearing, Mr. the National Dr^posit Bank of Philadelphia, capital $300,000,
Appleyard in the meantime giving bonds at $15,000.
was approved on the 6th inst. The name of H. M.Van Court,
—For purposes of mutual Interest and protection, an asso- President of the Central Trust & Savings Company of Philaciation composed of bankers of Albany has lately been delphia, appears in the list of incorporators.
formed. While the oonstitutlon has been fashioned much
Plans are being perfected to organize a trust company
after those adopted by clearing houses in the larger cities, it for West Philadelphia, to be designated the Empire Title &
Is stated that the organization Is not intended for clearingIt will have an authorized capital of
Trust Company.
house purposes. Oae important action taken by the asso- $500,000 and will locate at Forty- fourth street and Lancaster
ciation was the appointment, at a meeting on the 9th inst., Avenue. Ir, is expected to open the institution in May.
of a committee to which an individual banking institution
The National Marine Bank of Baltimore announces the
may apply for assistance if at any futare time it should be completion of its new home at the corner of Gay and Water
embarrassed or In need of help. The constitution and by- streets, where it will be ready for business on Monday. The
laws, after adoption by the association, are to be submitted bank occupies the first and second floors of the building,
to the various boarda of the banks and trust companies for a description of which was given in these columns on April
formtil approval.
An agreement abandoning the practice of 16 last year. The institution has a capital of $400,000 and
P'lyine; interest on daily balances of commercial accounts up surplus and profits of $160,000.
John M. Littig Is President
to $10,000 is embodied in the rules of the association.
and Ydtes Pennlman is Cashier.
—Notwithstanding the opposition expressed by the two
—The formation of the Fidelity Trust Company of Baltibanks already established in Brookllne, Mass,, a charter has more was completed on Monday, when the following officers
been granted to the Brookllne Trust Company. The incor- were elected: President, Edwin Warfield; Vice-Presidents,
porators of the proposed institution Include James P. Thomas A. Whelan, Seymour Mandelbaum and Van Lear
Stearns, President of the National Shawmut Bink of Boston; Black; Secretary and Treasurer, Htrry Nioodemus, and AsA. C, Ritshesky, President of th^ United States Trast Com- sistant Secretary and Treasurer, Thomas L. Berry. Under
pany of Boston; Galen Stone of Hoyden, Stone & Co., Bjs- the charter the company has a capital of $500,000. As anton, and Frederick P. Fish of the American Telephone & nounced in this department last week, it is the intention
Telegraph Co. The company will have a capital of $200,000. to increase the amount to $1,000,090, and for the purA second dividend in liqnldation has been declared to pose of authorizing such increase a special meeting of the
the stockholders of the National Bank of North America cf stockholders will be held on April 3). The company, It will
—
—
—
Mar.
25, 1905.]
THE CHRONICLE.
1151
be remembered, has been organized to take over the banking Trust Company leads with a gain of $8,400,000; the Ameriand Bafe deposit departments of the Fidelity & Deposit Com- can Trust and Savings Bank comes next, with $8,000,000, in
pany of Maryland.
ronnd numbers; the Illinois Trust and Savings Bank, $2,200,liquidating dividend of $10 per share recently 000; the Federal Trust and Savings Bank, $1,150,000; and
—With the
paid to the stockholders of the Union Bank & Savings Com- the First Trust and Savings Bank, $800,000.
The total deposits of the First National Bank of Chicago
pany of Cleveland, the aggregate of snch dividends paid since
the institntlon was taken over by the Reserve Trust Com- are now but $300,000 short of one hundred millions, and of
the Illinois Trust and Savings Bank less than $400,000 short
pany in January 1904 is brought up to $30 per share.
of ninety millions; while the combined cash and credits held
The recommendation of the directors of the Columbus
by both the national and State banks of Chioago were on
Savings & Trust Company of Columbus, Ohio, to increase
—
the capital from |500,000 to $1,000,000 will be acted upon by
the stockholders at a special meeting to be held on April 20.
It is understood that it is the intention to allot a portion of
the new Stock to parties not at present shareholders, thus
admitting new interests into the institution. About July 1
the company expects to enter its new building, now being
Long and High streets.
National Bank of Cincinnati has become
erected at the corner of
—The
Citizens'
the owner of property at the southeast corner of Fourth and
Main streets— a plot covering an area of about 62x100 feet
and embracing four parcels, the total cost of which was
$148,000. A five-story bank and office building will be
erected on the site, to be occupied excluaively by the bank
and the Procter & Gamble Company. The present buildings
will be torn down within sixty days to make way for the new
structure, and the expectation is th»t by Jaly 1 of next year
the projected building will be in readiness for occupancy.
—A
bill for the regulation of private banks in Indiana was
passed by the Legislature of that State before the recent adjournment. This question of State supervision of private
banking Institutions was one of the principal discusei9ns at
last year's meeting of the Indiana Bankers' Association and
the State Bar Association of Indiana, as well as the National
Association of Supervisors cf State Banks (which latter met
last fall in Indianapolis), both advocated supervision for such
institutions. The bill just enacted is known as Senate Bill
No. 81, and provides that every partnership, firm or individual transacting a banking business within the State, or using
the word bank, banker or banking in connection with his or
its business, shall be governed by the Act.
It forbids the
transaction of a banking business on a capital of less than
$10,000, and requires the filing of an application setting
forth the name of the bank, a copy of the partnership agreement if there is one, showing that the owner
or one of the owners is a resident of Indiana, the
county, and city or town where the business is carried on, the amount of capital paid in and maintained
in the business, a statement that the owner or owners have
property worth double the bank's capital, and the names of
the officers, agents or employees having active charge and
management of the business. Banks now doing business
shall file their first statement on or before July 1 next, and
at least two reports a year shall be made. Every private
bank shall have "in plain view ,of its customers" a notice
containing a printed list of all the owners of and parties interested in such bank, and a statement to the effect that it
is a private bank.
Depositors are to have a first lien on the
assets of the bank, and are maie equal with general creditors
in the other property of the owners.
—It has been decided to increase the capital of the Kalamazoo National Bank of Kalamazoo, Mioh., from $150,000 to
$300,000.
—Chicago
141 h
show
national banks in their statements of March
the largest amount of deposits in their history
being $322,915,101, as against $293,837,130 on January 11— an
increase of over $24,000,0[)0, or 8 per cent. The increase of
loans during the same period was about $26 090,000, or 14 per
cent, In deposits the Corn Eichange NationU records the
largest gain, being approximately ^S.COO.OOO; the First National, $4,200,000; the Comoiercial National, $3,500,000; the
Continental National, $3,3CO,000; the National Bank of the
Republic, $2,700,000; the Fort Dearborn National, $2,000,000;
the National Live Stock Bank, $1,300,000; the Drovers' Deposit Ndtional, $1,100,000; and the Chicago National, over
$700,000.
The 28 State banks of Chicago also show a gain in deposits
over their January reports of $13,502,687—not eo large proportionately as the national banks; but during the preceding
quarter Ihelr deposit increase was considerably in excess of
that of the National institutions. Of these the Northern
March
15, $639,881,774.
—In connection with its official statement of January 12
1905, the Royal Trust Company of Chicago has issued an
attractive booklet entitled "Historical Facts About Money
and Banks." It begins with the first Christian cenof money used in the time
tury, showing the kind
of the Caesars, tells
how Legion savings banks were
established in the second century for the benefit of soldiers
and traces down to the present era the various media used in
financial transactions— gold, silver, copper, arrow-heads,
Beginning with the oldest bank of
cattle, tobacco, etc, etc.
modern times, the Bank of Venice, established in 1157, this
little history recites the consecutive narrative of the foundation of all the principal banking institutions of the world—
the Bank of Amsterdam in 1609, the Bank of England in
1694, the Bank of Prussia in 1765, the Bank of Pennsylvania
in 1780, the Bank of North America in 1784, the first Bank of
the United States in 1791, the Bank of France in 1800, the
second Bank of the United States in 1817, the Imperial Bank
of
Germany
in 1875, etc., etc.
Other interesting facts are re-
vealed, such as the incorporation (1816) of the first savings
banm in this country which was legally regulated (the "Prov-
ident Institution for Savings in Boston")
;
the founding of the
Sbawneetown in 1813: the charter granted
the Bowery Savings Bank of New York City in 1834, which
limited its total deposits to $500,000 (now $39,000,000)— befirst Illinois
sides
many
bank
at
details of the
development of twentieth century
banking.
—Vice-President Lyman A. Walton, of the Equitable Trust
Company
of Chicago, has beengelected President of the
South
Commissioners for the ensuing
year. The vote of the Commissioners was unanimous for
Mr. Walton.
Park (Chicago)
Board
of
—May
1st prox., the Hibernian Banking Association of
Chicago will remove from the Ashland Block to the new
Rector Building, southeast corner of Clark and Monroe
streets,
The bank proper. Including the savings department,
will occupy the second floor and the trust department the
entire third floor.
—The capital of the Pullman Loan & Savings Bank of
Chicago has been increased from $200,000 to $300,030. The
new issue went to the old stockholders out of the surplus
as a stock dividend of 50 per cent.
With this deduotion of
$100,000 the bank still has a surplus of $175,500.
Live Stock Trust & Savings Bank has been incorporated to take over the business of P. J. Harmon & Co. of
Chicago.
The new institution has been capitalized at
—The
$200,000.
—Preparations for the third national convention
of Chap-
Bank Clerks
are under
ters of the
way.
20 to
American
Institute of
The meeting will b 3 held in Minneapolis from July
22, and promises to be the largest gathering of the
organization.
—President G. W. Qarrels of the Franklin Bank of St.
Louis recently announced that dividends hereafter will be at
the rate of 10 per cent per annum instead of 8 per cent, with
payments quarterly instead of semi-annually. The bank has
a capital of $600,000 and surplus and profits of over $400,003.
— The
executive council of the Tennessee Bankers' Association has decided to hold the yearly session at Lookout
Mountain on June 20 and 21. Joseph P. Gaut, President of
the Hohton National Bank of KnoxvlUe, is President of the
association. Tbe Secretary and Treasurer era, respectively,
Samuel H. Ot, General Manager of the Nashville Trust
Company of Nashville, and J. H, Falrcloth, Cashier of the
First National Bank of Martin, Tenn.
—Robert J. Taylor has been elected successor to the late
Capt. J. M, Johnston as President of the American National
Bank of Macon, Ga. Mr. Taylor was previously Vlce-PresI-
THE CHRONICLE.
115-2
dent of the bank, and two Vlce-Preeidents have now
They are L. P. Hillyer, who also conbeen chosen.
Cashier, and Richard W.
in the capacity of
tinues
Mr, Hillyer's
John=ton, son of the late President.
appoiatmeat to the dual cfiaae of Vice-President and
Caehitr is a well merited promotion. He has been closely
identified with the institution sinca its organlz ition, and was
largely instrumental in its establishment. Mr. Hillyer also
holds the Secretaryship of the Georgia Bankers' Association.
—The
&
Merchants' National B.ink of Hantsville,
Ala. (capital, $1CO,000), went iato voluntary liquidation on
the 16th inst., having been absorbed by the Huntsville Savings
Farmers'
Bank
&
Trust Company.
We
subjoin the totals for merchandise, gold and
silver for the eight months since July 1 for six
years.
MlBOHANDISB,
—
—
—
—E
H. Groenendyke has resigned as Secretary of the Los
Angeles Trust Company of Los Angeles, C*!,, to become
Cashier of the Uaion Savings Bank of Pasadena, in which,
it is reported, he has acquired an interest.
—An adjunct
Modesto Bank of Modesto, Cal., will
be opened in April under the name of the Modesto Savings
Bank. The capital cf the latter, |50,000, was obtained
through the declaration of a dividend by the Modesto Bank.
The last named will increase its capital from $175,000 to
of the
$200,000.
—The proposition to increase the
cisco National
Bank
San Franfrom $500,000
capital of the
at San Francisco, Cal.,
oa by the stockholders at a meetThe par value of the shares is $100 each.
to $1,000,000 will be voted
ing on April
—It
11.
announced that the United States National Bank of
San Francisco, referred to in these columns March 11, has
been organized as successor to the Commercial Bank & Trust
Company of San Francisoo. The latter had a paid-in capital
of $94,300. The new institution will have a full-paid capital
of $200,000, and will occupy the form.^r quarters of the Western National Bank at 805 Market Street,
—J. E. Chilbsrg has been chosen Vice-President of the
Scandinavian-American Bank of Seattle, Wash., vice A. H.
Soelberg, resigned. The bank is to occupy new quarters in
the Alaska Blouk, at Second Avenue and Cherry Street, about
is
of
Ex-
Im-
Exports ports.
'
01-03
03 04
i
»
port*.
~~f~
i
SILVIB.
Excets
of
Ex-
Im-
Exports ports.
port*.
Bxcesi
of
Ex-
port*.
»""
$
I
1,010,02J 7'48,9'9
•481040 84,885 41,126 43,859 3*4,169
1.047,946 034,362 3935S4 14,835 04,562 •3 0,21' 34,032
0403 984.068 680.772 301296 17.348 34,834 •17,48 34,189
01 0*4 974,238 5»4,467 379T71 38 933 41.937 3.005 35 665
00-01 1,016.195 343640 491665 3'4.332 36,248 »23,91e 43,2^
99-00 919,473 555.253 3»4220i<44,921 31, 81 •6 930 35 894
16,297
18,70rt
17,364
40,125
46.630
41 ,423
Bzcess of Imports.
Similar totals for the two months since Jannary
1 for six years make tbo following exhibit.
QOLD
Mbbohanbirb.
SlLTliB.
Two
Idos.
Bxctes
Export*. Import*.
,
C. F, Colcord has become President of the Commercial
National Bank of Oklahoma City, Okla., succeeding John
Threadgill. F. B. Z eglar and J, A. Ryan are Vice-Presidents of the bank.
GOLD.
Excess
Mo*. Exports. Imports.
*
T. B. Btachhouse, formerly Cashier of the American
Nilional Bank of Spartanburg, S. C, has been elected Third
Vice-President of the National Loan & Exchange Bank of
Columbia, S, C.
An ameadment to the charter of the lately created Southern Bank & Trust Company of Dallas, Tex. has been filed
by which the institution is authorized to conduct a general
bankiog business. The new company has a capital of $300,OCO and is arranging to open in May. A modern bank building is now being erected for the institution on Main Street
on a site purchased for the purpose. The management of
the corporation will consist of W, H, Moser, President; C, C.
Marshall, Cashier, and J. V. W. Holmes, Assistant Cashier.
[Vol. LX3CX.
of
Bxportt
«
t
1903 43a,436
1904 4e0,8t5
1903. 439,678
190*4, '430,715
1901. 449,283
1900. 437,024
*
i
Im.
JSejiort*.
s
ports.
t
Exee*i
Exeeu
ExIm- of Ma.
Exports port*. port*. portu
t
1
31,019 31,622 4.0^7 27,536
171,612 89,233 1,324 13,26J •11.936
167,797 91 ,781 1,692 3.8B8 •2,288
7,637
147,483 83,227 10.640 3,103
133.809 113474 8.63 ^ 6.124
2,514
144.781 94.283 7.0^6 3,903
3,192
'iOl.417
8,401
8,927
7.441
8,451
9,370
9,552
t
3.985
4,716
3.181
4,114
5,87>*
5
015
t
4,416
4,811
4,263
4,337
3.991
4,637
Bzoesi of Import!.
In these tables of totals, gold and silver in ore for
all the years are given under the heads respectively of
gold and silver.
The following shows the merchandise balance
for
each year back to 1876.
.
BZOBSS OF MBB0HANDI8B IMPOSTS OB BXPOBTS.
28—
2 months ending Feb. 28—
8 months ending Feb.
876
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
896
897
898
899
900
901
903
903
904
905
Exports. »7 ,036,165
Exports. 52,742,971
Export8.156,531,197
Exports.169,025,994
Export8.204,793,927
ExportB.152,618,305
Export8.210,481,l70
Exports. 71,084,147
Exports. 88,.'S39,246
Exports. 88,275.090
Exports. 169,572,935
Exports. 60,859,3^2
Exports. 66,157,877
Exports. 27,939,274
Exports. 30,830,296
Export8.106,446,fi89
Exports. 82,052.261
Exports.214,123,927
Exports. 29,799,441
Export8.218,061,932
Exports. 91,652,052
Exports. 6),'x72,040
Exports. 312,482,849
....Export8.41»,ft93,681
Exports. 41 6,231,433
Kxport8.S64,219,837
Export8.491,65.'>,144
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
Exports.379,770,656
Exports.SOI, 296,303 1903.
ExportB.393,584.442 1904
Export8.281,040,058 1908
Exports.
Experts.
Exports.
Exports.
Exports.
Exports
Exports.
Exports.
Exports.
Exports.
Exports
$4,802,668
23,163,273
43,275,516
67,086,295
55,848,872
16,097,887
48,768,418
5,744,484
33,963,776
26,215,009
50,224.202
6,791,800
16,203,807
6,633,419
2,905,317
19,207,051
29,226,076
58,673,683
18,299,727
45,790,639
11,848,817
33,646,216
63,181,674
90.441,764
90.980,374
Exports.
Exports.
Imports.
^..Exports.
Exports.
Exports.
Exports.
Imports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports.
Exports. 9;;,'293,090
Exports. 116,473,836
Exports. 83,226,224
Exports. 91,781,261
...Exports. 89,233,086
.Exports. 31,019,052
[From OBT own oorrespoadent,]
London, Saturday, March 11, 1905,
The Stock Exchange began the week in a cheerful spirit,
but the apprehensions aroused ia Paris by the desperate
The Bureau of Statistics at Washington has Issued fighting around Mukden and
the probable effect upon the
the statement of the country's foreign trade for
Russian people speedily caused somewhat of a set-back. The
Fdbruary, and from it and from previous statements
reduction of the rate of discount by the directors of the Bank
we have prepared the following interesting sumof England on Thursday morning, however, brought about
maries.
an improvement which has continued since— indeed has been
FOBBION XBADB aiOVBHBMT OF THB UHITBD STATES.
stimulated further by the monthly return of the gold pro[In the tollowlnRtablei three olpheri (OOOi) are In all oaiei omitted.]
1904-05.
1903-04.
duction of the Transvaal. The out-turn in February was only
Export*
Importi.
Exeeu.
Export*.
Import*.
Emcee*
about 5,030 ounces less than January, a much longer month,
Dlerch'iUse. t
t
$
1
*
1
311,743 '443.057 +68,699
Jttly-SepU
'491.625
'446.054 +43.671 while it was over 70,000 ounces more than for February last
40.1.H50
Oot.-Dec.
484 615+181,885
4 ».1.476 '436.696 +'438,7X0
year. This report has made a most fuvorable impression
January..
143412
+'43,062
14*4.045
t»*«.380
8-4.590 +39.465
February.
lU 9.021 103,047
+3,967
89.02a +'49,778
118,800
because it was generally expected that the Chinese holidays,
Total..
1,010,0^9 r'48,939 +'481.040 i,otr,94s
634,862 +393,084 which occurred early in February, would cause a very conGold aiId Gold In Ore.
falliag off. There has been an increase, moreover,
Jnly-Sept.
14,591
*40,eSl
-6,840
10,901
ir,665
-r.464 siderable
Oot.-Deo..
38,172
IM.IOS +'4'4.0Q4
•4,810
33.637 -3»,»1?
in the number of laborers during the month of nearly 8,000,
January...
l«,Ha«
l.t-96
+14.938
C91
8.286
-7.63ft
'4,191
February..
14,794
788
+14,603
3,034
-4,801 Altogether, the report has made a most favorable impression
Total
84 38,)
41,128 +43,269
14,885
64,662 -30,217 and all markets are closing decidedly better aa the week ends,
Sliver and 81lv»r in Ure.
There has been again during the last few days very good
Jnly-Sept...
1*4,768
3.902
+6.860
6.680
r,378
+768
Oot.-Deo....
11.005
«.4lO
-r4,5H6
13,727
7,378
-8.8S4
buying of consols, Irish land stock and Transvaal threes.
January....
4.866
+'4.448
4,B87
1.922
-'4,378
4,609
February...
4,036
'4,063
'4,107
+1.073
3,910
--1,888 Partly this is due to the belief that the disastrous defeat of
Total
3'4,ie8
3*4,032
16.297 + 13,871
18,709 + 13,323 the Russians will compel them to make peace quickly.
Partly it is a consequence of the redaction in the Bank rate.
March
31.
IMPORTS AND EXPORTS FOR FEBRUARY
.
.
.
.
.
-
,
.
Mak,
THE CHRONICLE.
25, 1905.]
While money
was
dear
many
large
companies were
1153
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &o,,
compared with the last three years:
keeping considerable sums of money on deposit. Now, however, instead of leavicg the money with their bankers, they
19( 5
1904.
1908
1803.
are investing in consols. One institution, for example, this
Mch. 8
Mch. 9
Uch. 12.
Mch 11.
*
a.
X
t
week laid oat £ ICO, 000 in the purcaase of consols. French Circulation
27,343.750
27,706,525
28.888,830
28 582.805
16,6l9.24l
PnbUo deposits
18,303.748
13.876,983
18,937,323
investors and operators have likewiee been buying consols Other deposits
37,890.899
t9,939.2k*6
40,606,878
38.848,167
15,689.186
I9,22t,834
Government securities
I4,66t<,3is
16,274.386
and other first-class securities, but not on a very large scale. Other securities
26,4*4,310
25.231,158
82620,8<8
33,1»3.086
Reserve of notes and coin
a5,B87.695
126,861,814
In Paris, in fact, jast now there is grave disquietude as to Coin A bullion, botli departm'ts 30,856,188 26.168,3B3 35,741,425 37,619.019
3^,749.888
35.408,888
49 16-16
47 1-16
46 5-16
£8>i
of Rpssian bonds may do in consequence of Prop, reserve to liabilities, p. o.
what the holders
*2%
percent.
i
Bank rate
4
3
91xd
91 B-18
65 7-16
94 1-16(1.
Consols, 2Jii per cent
the rout of the Russian army. Those best in position to
273-i«d.
28 7-16d.
SUver
25^
22Md.
215,886,000 165,578,000 164,2&v,000 170.228,000
judge seem to be of opinion that French holders of Russian Clearine-House returns
•March 9, 1.05.
bonds will not be alarmed by Rassian defeats, no matter how
The rates for money have been as follows:
disastrous; firstly, because the more decisive the defeats the
more likely is peace to be made, and, secondly, because
09 tn Market Bates.
a
fordivotitehu
French investors are convinced that whatever happens the London
I'ttdtBUU Join> Din'tH'*,
Sank £Ul*.
Russian Goverrment will keep faith with Its creditors. But
atoe> At 7-14
«
e Month* SMo*. iMot Bank> Gall Day*
i Month*. I Month!
there is much fear that if disturbances are renewed in Russia
T" 2}4
2Hm 7-16 29i®8 m&3
French holders of Russian bonds may become seriously Feb. 11 i~ 2^^3 9- 16
3 5-ie®7-lt>
2k®2ii
11 8
2 3-ie®2%
2 7-l6®2«
24 3
2M®2J«
2>6i«2M
2k
Mar. 3 3
"
2 ®2H
2H@2M
10 2"^
2;^@2M
..
alarmed.
Therefore, French investors are doing
little
here
at present.
In Germany, likewise, there is a good deal of nervousness,
and German operators are not doing as much as they usually
do in London. German trade has not yet recovered from
the great coal strike, and investors are nervous lest the dis-
Russian arms should be followed by graver disorders in Russia itself than have yet occurred. It is feared
that if this were to happen, there might be a break upon all
the Continental bourses. In London th'. re is no danger
directly, for the holding of Russian securities in this country
But if there were to be serious alarm
is exceedingly small.
upon the Continent, with heavy selling of everything for
which there was a free market on French, German, Dutch
and Belgian accounts, all markets would be upset for a while
at least.
Upon the whole, however, there is less nervousness in London than might have been expected. The conviction here is that the defeat of General Kuropatkin is so
decisive that peace will have to be made without delay, and
that the Russian Government in its alarm will make all the
concessions the Rassian people insist upon. Whether that
be so or not it undoubtedly has a great iifluence upon
markets. Moreover, the impression here is very general that
we are about to have a long period of cheap money. The
Bank of England still retains control of the open market, aLd
consequently the open market has to borrow large amounts
from the Bank, Yesterday, fcr example, a considerable
amount had to be repaid by the open market to the Bank in
the morning; but in the afternoon money became so very
scarce that more had to be borrowed from the Bank than had
been paid to it in the morning. Consequently, the market is
even more indebted to the Bank than it was the day before.
aster to the
And
it
Is
likely that the
indebtedness ^will increase as the
month advances.
On Thursday the directors of
down their rate of discount from
the
Bank
of England put
3 per cent, at which it had
stood since the 21st of April last year, to 2}^ per cent. The
Bank is now very strong. Its reserve nearly approaches 81
millions sterling, And there is every probability that it will
continue to grow stronger. It is true that yesterday both
the French and German exchanges turned against this
country. But both exchanges are far above the point at
which it would pay to send gold from London, Indeed, only
last week Berlin forwarded gold to Loudon, and there is no
probability that gold will go from London to Berlin for a
considerable time to come. The general impression here is
that the Continent is so well supplied with money that rates
will remain low all through the spring and early summer.
The only doubt entertained respecting the future of the
market is that money rates in New York may rise high
enough to make it profitable to ship gold from London.
Still it is everywhere believed that the production of gold is
increaeing so rapidly that the fresh supplies reaching London
will enable it to part without inconvenience with any
amounts that may be required either by New York or by
Buenos Ayres.
The India Ccuncil cffered for tender on Wednesday 90 lacs
of its drafts, and the applications amounted to nearly 581
lacs, at prices ranging from Is. 4d. to Is. 41^(3. per rupee.
Applicants fcr bills at Is. 4 1 32d. and tor telegraphic
transfers at Is. 4 3 33d. were allotted about 4 per cent of the
amcuLts applied fcr. Later in the day the Council sold a
small amount of bills on Madras at la. 4 3 32d. and of telegraphic transfers on Bombay at Is. 4 5.33d. per rupee.
••
zHmH
2«
2M®3
2«
m®3
2S»®3
IH
1^
IH
2M®29i
1
2«
2
8
2
2M
1«
rate of discount and open market rates at the
Continental cities have been as follows:
The Bank
"jhief
March
March
11.
Feb
P«5 .26.
4.
18.
Satt* of
Inttrttt at
Bank
Ovtn
Bank
Bank
Ovtn
Bat*. Markti Bat*. Mark,
3
S^wIm
Berlin
.•••.
1^
8
8
2
2
3H
8«
3«
17-16
aambnrff
3
frankfort
3
2
Ajniterdsm
8
3
2M
8
8
3
3«
Sruiieli
st.Peteribnrg..
SH
5H
Madrid
Ck>DenhaKen.
4
Vienna
9.
iH
m
8
SM
8
8
2H
2%
8
3
8
3H
3H
2
a
a
2M
2H
2%
oom.
nom
8
4
&
09*n
3«
3»
8H
3ii
m
4
Bank
Bat*. Marhtt
m
m
m
8«
2M
2M
2%
nom
4
19-16
8
VA
3
..
Messrs, Pixley
March
nom.
0«i<n
Bat*. Mark*
8
4
3
iii
4
4
4
Abell write as follows under date of
1905:
Gold.—There have been no demands for gold and the Bank of Eng
all arrivals. 8ome;iar<fe amounts have arrived
from Berlin, and news la to hand of a fa ther shipment of £500,000
from Bombay. The Bank rate, which was fixed at 3 per cent on the
2l8t April last year, was cbanRed to-day to 2^ per cent, a rate not
touched since June, 1898. *936,000 has reached the Bank during the
week, of which 4566,000 Is In bars and £361,000 from Berlin. £20,000 has been withdrawn for Malta. For the week— Arrivals: Oape,
land has received
£378,000; Bombay, £110.000; Australia, £43,000; West Indies,
£42,000; West Africa, £28,000; total, £601.000. Hhlpments: Bombay; £.'>8,C00. For the month of February— Arrivals: Germany, £1,120,0(0; Belgium, £109,000; France, £34,000; South Africa, £1,Shipments: France, £747,000; South
554,000; India, £1.209,000.
Africa. £2.'\,000; India, £352.000.
Silver.— The market in silver has been steadier, for though In the
absence of any demand the price at one time touched IT^iqA. for cash,
this proved to be the bottom, and we have since rallied to 275ied. on
special orders and a better general inquiry. Spot silver is in scanty
supply, and at the close the market is quiet with an uncertain tendency. Forward has fluctuated between ^d. and 5jgd. under cash.
The Bank of Bombay and the Bank of Bengal have advanced their
rate to 8 per cent, and the Bombay quotation for silver is R«. 69'e. For
the week— Arrivals: New York, £139.000; West Indies. £9,000;
Australia, £6.000; Chill, £?,000; total, £156,000. Shipments: Bombay,
£238,500. For the month of February- ArrlvaU: Kassla, £86,000;
France, £16,000; U. S. A., £669,000. ShipmemiE: Bussla, £310,000;
France, £43.000; India, £714,000.
Mexican Dollars— Nominal.
The quotations
Gold.
London Standard.
for bullion are reported as follows:
Mch.
Meh.
Silver.
9.
2.
London Standard.
8.
d.
fine
oz. 77
U. S. gold coin... oz. 76
Germ'n gold ooin.oz. *76
French gold ooin.oz. *76
Bar gold,
Japanese yen
oz.
9
4
4
4
*76 4
8.
77
76 4
*76 4
•76 4
*76 4
16.
Bar silver, fine., .oz 27B,e
Do 2 mo. delivery
BarBllver,oontain'g
ce.
6 gra. gold
oz.
4 grs. gold
o«
3 grs. gold
oz
Cake eilver
—
—
Mexican
Nominal.
Meh.
d.
d.
9
Mch.
9
27
27i3ie
2789
277,6
297, a
dollars.oz. '27
27i3ia
2789
277ia
297ie
*27
of cereal produce Into
the twenty-seven weeks of the
season compared with previous seasons:
The following shows the imports
the United
Kingdom during
111POBT8.
1903-4.
1902-3.
1904-5.
19012.
Imp'tflOf wheat, OWt.62,01 5,100 46,015,761 41,579,741 32,477,400
14.031,400 20,474.768 17,691,561 15,374,300
Barley
8,726,198
8,180,866
9,754,400
6,969,500
Oats
1,313,989
1,067,878
1,122,000
1,205,971
Peas
1,309,388
1,097,327
1.047,700
927,210
Beans
28.557,000 27,737,797 20,035,311 24,855,200
Indian com
6,393.720 12,553,074 10,104,128 11,436,900
Flour
Supplies available for consumption (ezoluslve of stock
on September 1):
6,298,720
12.5,'i3,074
Sales of home-grown. 9,832,429
10,820,684
1902-8.
41.579,741
10,104,128
14,047,707
68,141,249
69,389,519
65,731,576
1904-5.
1903-4.
Wheat imported, owt. 52,015,100 46,015.761
Imports of flour
Total
Aver.prloe wheat, week. 308.
Average price, season.SOs.
8d.
4d,
28b.
27b.
8d.
Od.
25s.
25b.
3d.
6d.
1901-2.
32,477,400
11,436,900
16,916,388
60,840,638
27a.
26s.
Od.
9d.
THE CHRONICLE.
1154
of wheat, flonr
The following abowa the quantities
maize afloat to the Qnlted Kingdom:
IMi teeek
Wheat
4,005.000
1B5.000
435,000
qrs.
Floor, equal to qrs.
qrs.
Maize,
8,420,000
260,000
680.000
635,000
Bntcllsh Financial market*— Per Calble.
The daily closing quotatioLs for securities, etc., at London
are reported by cable as follows for the week ending Mar, 24:
London.
Ihurt.
Wed.
Tuet.
afon.
Sat.
ii6i3ie
26%
269i«
91 14
9114
91 >4
915i«
9138
9138
9138
For acoonnt
917,e
FVoh renteB(lnParl8)fr. 99-52»« 99-6& 99-70 99-85
9078
91ie
90%
91%
Spanish 48
6J4
6i«
6ie
ABaoonda Mlolng
91i«
93 1«
9214
91%
Santa Fe.
Atoh. Top.
106
106
106
106
Preferred
112% 11116
Baltimore & Ohio
99i«
99i«
99^
99 >9
Preferred
152i«
15414
1«9\ 151
Canadian Pacific
69''8
6016
69»8
6t»''8
Chesapeake &. Ohio
25 14
25
241s
Ohio. Great Western... 25
184ifl
186
185
Chic. Mil. & St. Paal... 185
35>4
34%
Pacific. 35>4
35%
Chic. Rook I.
35
36
36
Den. & Rio Gr,,oom.... 36
92i«
92I4
92 1«
92
Preferred
47 '8
47ifl
47
48
Erie, common
82ifl
Sole
8388
tSH
Ist preferred
70
70
69
2d preferred
70%
165i« 165J«
165ifl
167
nitnols Central
Louisville
NashvUle. 145 it
146% 1451s
25i«
25
Mexican Centi al
25^
26
32i«
Mo. Kan. & Tex., com.. 33
321s
33H
egis
Preferred
69
68
68
4214
Nat.RK.of Mex.,l8tpf. 42)t
42^
421s
N. Y. Cent. & Hudson. 165%
166
168
166>s
64i«
62
N. Y. Ontario & West-. 63^
t>4>4
89i«
Norfolk & Western
SSk
8&%
87%
96
Preferred
96
96
96
165i«
lesit
165
Northern Securities
165
73'^8
73>«
7316
7314
Pennsylvania
48%
49
49*9
Phila.
Reading '^....
48%
47 14
47 14
4714
iBt preferred*
47^
ounce
Silver, per
Ooiisol8.,new,
267,6
9116
913ie
99871* 99-70
913,e
915,8
90%
6
90%
&
105
iim iim
11058
99ifl
151%
5bifl
Preferred
35%
,
com
I36J4
102i«
36i«
97%
S4
47
73
23ifl
Wabash
Preferred
Debenture
*
36i«
8216
68%
1641s
I44I4
25
311s
66%
42
164
60
67
961s
1611s
48I4
47 14
461s
681s
3816
1021s
13216
"B"
86
102
102
13558
102i«
97%
Union Paolflo
Preferred
U. 8. Steel Corp.,
Preferred....
102
13416
1021s
13e>«
102'«
3718
98^8
36
102
85 1*
35%
96%
9688
47
S2H
69
164%
145
25
S214
671s
4314
I66I4
eoi4
87i«
961s
1611s
781*
4838
47 H
461s
6938
35
1021s
133<>B
102
863s
98
28
231s
23
47%
461s
46%
74
24
48
76
47
73
91 14
46%
69%
70%
84%
91 14
47
47
74
78
Price per share.
PoEEiON Teade of New
Yobk— Monthly Statement. — Id
addition to the other tables given in this department, made
up from weekly returns, we give the following figures for
the full months, also issued by our New York Custom House,
The first statement covers the total imports and exports of
merchandise and the Customs receipts for the eight months
of the last two seasons.
MIBCHANDI8K MOVBMKKT AT NKW TOBK CUSTOMH BXCKIPTI
AT N»W YOKK.
Importi.
Export t.
1901-0&.
1903-04.
t
S
1904-06.
1903-04.
1904-06.
60,26fl,18f>
t
35.666.730
S
87.816,937
12,0;>1,148
87.676.464
$
1008-04
«
15.620.389
ie.iv9.614
July
Aoftatt
4?.676.e39
52.798.439
47,672,945
89,694,99C
September
49,»30,9:0
47.295,127
44,6^6,636
Oetober..
67.934,340
49,934,976
48,808,417
63.927.484
16.904.940
November.
December.
67,902,844
46,018,6('3
46,354.607
48.684.3.n
14.701,716
57.993.880
60.787,016
66.183.48e
47,774,941
46,280.467
47,440,340
18.t3-«,S09
14,422,026
18,307.301
18.846.093
61,407,193
4a.60!i.0e*^
46,860,63e
16,818.90«
14,708.8>-4
67.437.869
38.180.016
89,210.736
14.597.442
14,60(5,986
Jannarr..
fsbniarr..
Total...
446.^66,664 897,772.7k.
16,016,971
42.166.250 16,C42.410
of gold
months have been as follows:
and
silver for the eight
382,6i9.888
14,7*0,933
337,812,641
16,1(7,138
163,096,704
416,284,068
668.393.881
Silver oertlfloate*
Subsidiary illver
113.162.870
i0,;^80,000
Treasury notes of 1890
846,881,016
United States notes
Curr'oycert., Act June8,'78.
469 203.840
.Satlnnal bank notes
HxpOTtB.
1904-06.
190e-C4.
t
1
1901-05
BILVIB— NBW TOB»
ItnporU.
Bajport».
1903-04
1901-05.
1904-06.
2,e2>i,9S7.327 26«.3a2,615 2.660,614.713 2,503,481,887
Total
fopulatlon of the United States Mar. 1, 1005, estimated at 82,791,000; otroaatlon per capita, $3ci 93,
For redemption of outstanding certificates an exact equivalent in amoant
money is beld in tbe Treasury, and Is not Included
*
of the appropriate kinds of
In the account of money beld as assets of the Government.
t This statement of money held in the Treasury as assets of the Government does not Include deposits of public money in national bank depositaries to tbe credit of the Treasurer of the United States, and amonntlne to
f
93
l4«.2rtH
h3
Name
Per
When
Cent PayabU
of Cotnpany.
Railroads (Steam).
Belt Ry. of CbloBKO (quar.)
CUio. Burlington & (^uincy RR. (qnar.)
Chic. Bock Island & Pac. Ry. (qnar.)..
July
AuRnst....
September..
October..
185.869
154,<4>-
!i43.688
3ii6,39:
8.283
02-^
466,42^
383,4 3H
1.856,84r
1.884.045
306,87(1
8.823,9.(('
s
t
19.616.284
7.489.76*.
267,e0*'
f
8.648,136
488.847
684.668
2d3.1('4
8,476.831
818.214
294,08C
2,508.481
19.034
2.1(!3,077
279.847
8,4e0,«64
8.661.S64
110,260
178,100
8^6,163
812,464
686.285
8'i!6,70e
3,138.f65
174.926
15.018.90^
14,B47.i3«
82d,8l4
8.567,990
28.713.189
71.698.30c
11.070.040
1,983,764
23,8C0.'J74
November.
December.
986.369
7.083,627
1,312.487
Janoarv...
February.
814.190
610.960
11.511.016
4.019,11V
Total..
6.411.891
Beokt Cloud.
(Dayt Inelxuive.)
Chicago & Western Indiana (qnar.)...
Cleve Cln. Chic & St. L.. pref. (quar.)
Maine Central
(qnar.)
N. Y. Central & Hudson River (quar.)
Pere Marqnette. com
Utloaift Bla<'k River
Street Kall-waya.
Capital Trao.. Washington, D.C.(Qaar.)
Newport A Cov. L. & Tr., pt.(qa.)
City By., Dayton, O., com. <& pref. (qn.)
Cleveland Electric By. (quar.)
DtUuth-Superlor Trac, pref. (qnar.)...
Hartford (Conn ) Street By. (qnar.).-Houghton Co. (Mich.) St. By. (pref.)..
Pbiladelpbla Co , Plttsb., com. (qnar.).
Savannah Electric, pref
Cln.
(Tnited Bya., St.
Loms,
pref. (quar.)...
Apr 1
Apr 1 Mar 28
to
Apr
Apr 4 Mar so
to
Apr
Apr 1
Apr 20 Holders of reo. Mar 31
1 Holders of reo. Mar 15*
IN Apr
1"« Apr 16 Apr
1
to
Apr 19
1
Apr
1 Mar 22
to
Apr 2
S^, Mar 30
2
1»4
2
m
IH Apr
Apr
IS Apr
1»8
1
Apr
4
2
Liberty National (qnar )
Mannfacturera Nat., B'klyn (qnar.)...
Park, National (qnar.)
4
16).
Central (quar.)
Mercantile (quar
4
6
3
3
4
Apr
Apr
Mar
Apr
Mar
Apr
Apr
Apr
)
anarantee <& Trust (qnar.)
Union (qnar.)
Washington (qnar.)
6
l.b87,888
Mar 31
to
to
to
to
1
Mar 21
Mar 21
Mar 26
Mar 3S
Mar 26
Apr 13
Apr 1
Apr 6
Mar 31
Apr 2
Apr 1
Apr 1
Apr 2
to
to
to
of reo.
to
1 Mar 26
to
1 Mar -23
to
31 Holders of reo.
1
31
1
)
1
Mar 31
Apr 2
Mai 30
Holders of reo. Mar 26*
Mar 23
to
Mar 31
Holders of reo. Max 31
Mar 24
to
Apr 2
Mar 22
to
Mar 31
Mar 24
to
Mar 31
Holders of reo. Mar 2T
Holders of reo. Mar 27
4
1 Mar 22
to
Apr 2
16
to
Apr 2
1 Mar 25
6
to
Mar 81
4 Mar 31 Mar 24
to
Apr 9
12\t Apr 10 Apr 6
Apr 1
3
3h Apr
IH Apr
Apr
Apr
Apr
Brooklyn (quar.)
Marie
1
of (quar.)..
First National, Brooklyn (qnar.)
First National. New York (qnar.)
Oarfleld National (quar.)
Truat Companies.
America, Trust Co. of (quar.) (No.
Bankers (quar )
)
Apr 1
IH Apr 3
Apr 1
3
Holders
l>a May
1 Mar 26
3 Apr
11* Apr 10
Banks.
Chatham National (quar.)
Commerce, National Bank
1
15 Apr
1
1
1
1
ffliscellaneoas.
Apr 1 Mar 12
Apr 20 Apr 16
do
do
pref. (qnar.)
1>Q Apr
1 Mar 28
American Iron A Steel Mig oom
1 Holders
2 Apr
American Looomotive,'prtf.(quar.).... 1^4 Apr 31 Apr 1
American Sewer Pipe (quar.)
760. Apr
1 Mar 26
American Shipbuilding, pref. (qnar.).. 1»4 Apr 16 Apr 6
Betg.,oom (qn (No 6)
Apr 16 Apr 4
Amer. Smelt. <&
do
1'4 Apr
1 Mar 26
do pret.(qa.) (No.23)
do
American Woolen, pref. (qu ) (No. 24). l\ Apr 16 Apr 3
Bell Telephone of Phlla. (qnar.)
l»a Apr 16 Apr 6
American Caramel, pref. (qnar.)
American Chicle, com. (monthly)
2
1
,
)
Century Bealty
do (extra)
do
Corn Products Co., pref. (qnar )
Denver Union Water, oom. and
4
J'ly
a
1
6
Mar 31
Apr 30
Apr 2
Mar 26
Apr ao
Apr 2
Apr 10
Apr 16
Apr 2
Apr 16
to
to
to
of reo
to
to
to
to
to
to
to
Apr 16
Holders of reo. jTy 1
Mar 26
to
Apr 2
1
III Holders of reo Mar 31
10 Holders of reo Mar 87
27 Apr 8
to
Apr 27
1 Apr
1
to
Apr 14
Apr 1
Apr 14
to
1
to
Mar 31
1 Mar as
16 Holders of reo Mar 23
to
Apr 3
1 Mar 38
to
Apr a
1 Mar2S
31 Mar 28
to
Mar 31
1 Holders of reo. Mar 20
10
Apr 8
iO Apr 1
to
18 Apr 4
Apr 17
1
Apr
Apr
Apr
Apr
1
2^ Apr
l>a Apr
Apr
2 Apr
]•» Apr
6 Apr
Hecker-JonesJewell MiUing. pref
4 Mar
»4 Apr
Internat Smokeless P. & Chem., oom.
Apr
Mackay Companies, pref. (qnar.)
1
Apr
New York Air Brake (quar.)
2
Apr l^ Apr 1
to
Nova Scotia Steel A Coal, pref
2
to
Pittsburgh Plate Qlass, com. quar.)...
1 Mar 21
1H> Apr
do
do
pref. (annual) 12
do
Apr 1 Mar 21
to
Procter A Gamble, pref. (quar.)
Apr 16 Holders of reo
a
San Francisco Gas A Electric (qnar.). \\ Mar 3> Mar 10
to
Milling, pref. (No. 4)
Standard
1
Apr 12 Apr 2
to
Tefift Weller, pref. (quar.)
Apr 1 Mar 26
to
IH)
to
Tenn Coal, Iron * RR., com. (qnar.).. 1 May 1 Apr 11
United States Printing (quar.)
to
l"* Apr 16 Apr 6
Weatlnglt'e Elec. <fe Mfg.. all stks. (qu .)
to
2H Apr 10 Mar 20
pref...
Distillers Securities Corp.(qu.) (No 10)
Eastman Kodak, com. (qnar.)
pref. (quar.)
do
do
Elec. Storage Battery, com. <& pt, (qu,)
General Electric (quar.)
Hall Signal, com. (qnar.) (No. 21)
do pr*f. (annual)
do
1.
I.
Apr 6
Mar 31
Mar 31
MarSl*
Mar 30
Apr 12
Mar 31
May a
Apr 16
Apr 10
*Trau8ler books not cl0Be(L
Aactiou Sa»o8- Uy Messrs. Adrlau H. Mnller
TSs
5 ElmlraWat. i..<bRR. Co.
20 Troy & Bennington RR.251
41 Troy & Oreenliush RR.
ABSooIatlon
188 189%
14 Cemral Nat. Bank, Troy,
N Y
135
200 Pope Mfg. Co 2d prpf... 20M
65 Lawyers'Mort Oo.l91is-l»:/i4
Stock op Money in Country.— The following table
3a0i4
4 Bow«ry Back
shows the general stock of money in the country, as well as 80 Balk of N. Y., N. B. A..320ifl
11 Mercantile Nat. BaDk...280(%
the holdings by the Treasury, and the amount in circulation
230
10 Irving Na'. Bank
on the dates given.
The statement for March 1, 1904, will be 800 A roer. Surety Co .. 190-200
100 Kansas City Pittsburgh
found in the Cheoniole of March 6, 1904, page 968.
<kOalf RR
$18 lot
Son
.
25 Van Norden Trust Co. ..290
100,000 The New St. Elmo
Gold & Cop. Min'g Co.,
Ltd., 3 asB'ts paid, $1
each
$5 lot
60 Ala. A Qa. Iron Co. oom.
& Ga. Iron Co.
4 Cltlzr-ne' Cent. Nat. Bk..l67is
nftO
60 Equitable Trust Co
352 14
15 CI ly Trust C>
51 Metropo). Tr. 0.)..639%-645
1600
1 Union Trunt Co
28 Meroh'tB' Ercli. Nat. Bk 175
100 Mount Hope Cemetery
A«B0..*2^ each $1 SOpersb.
10 OonnoUdated NhI. Bank.155
221
6 Mount MorrlHBank
..245
5 Greenwich Bank
4 Gernfian-Am»T, Bank .. 165is
9 OhrlB.A 10th Sts. RR C0.I8O
&,
SloekB.
20 Gallatin Nat. B'k.420is-421i6
t
535.651
06979
76,400.191
4i'2,iul,i<2
96,4i-a,378
10.2836S3
Slocks.
QOLD MOVIMBNT AT NlW FOBK.
Import$.
15,893,128
339.663.718 34e,2ei,97i< 11B.04 0.932 117,612,312
The imports and exports
MONTH.
4rt^,.
t
Title
^ovxmtxciiiX mitX lltXxscMmuonsMtxos
«ir
Month.
482.666,hi9
74,880.719
461.761,899
1(0.814.^85
1881s
3414
34
,
47
70
86
102
688 900,710
88,6t3,l50
14.409.162
7.8&8,101
12.H47.H85
46.417
14,061,633
t
24
S4>4
&
47
70
S
646.';5l.720
Gold cerllflcateB
standard silver dollar!
991s
1531s
591*
]84%
&
,
6i8
92
105
112
24
&
,
Pri,
i
Ooldooln(ino.bul'nlnTreaB.)l,831,ie5,720 164.864,081
2fc9i6
d.
2% p. ota.
2d preferred*
Southern Pacific
Southern Rallw., com
,-8tock of Money Mar.l.-^
1006.
r-Monevin Circulation.-.
Mar. 1,
In tke Onxted Beld in
Mar. I,
State$.
iTtasury.
1906.
1904.
and
1903
1904.
3,278,000
235,000
Latt week.
3,695.000
165,000
510.000
[Vol. lxxx.
239 Ala.
$325
lot
pref..
$4,000
lot
Bonds.
$3,812 Eltnira Water L. 6t
RR. Co. 2d purob. mort. 4p.
1949
$11,000 Troy
35-35i«
<k
Boston RR.
146%
cons. I8t 78. 1924, J<&J
$2,000 Federal Gas Co., TltuBvllle, Pa., Ist 68, 1911,
A&O
10
$10,000 Chamber of Com. of
N. Y. bldg. fund subscript,
non-cum. inc. oertlfioate.
45
$14,500 Medina C)uarry Co.
1st 6h, 193/. A&O
6
$^,000 Cent. Un. Gas Co. Ist
1108»
68.1927. J&J
$10 000 The Cora <b Lavela
RR. &, Improv't Co. 1st 6s,
1920; Jan., 1899, coupons
attached
$70 per bond
.
.
Mar.
THE CHRONICLE.
25, 1905. J
New York City Clearing Uoase Banks.- -Statement of
oondition for the week ending March 18, 1905, based on averng© of daily
BANKS.
results.
We omit two
tip hers (00) in all <josea.
Surph'.s
Capital.
Loans.
Leyals.
tspecie.
1155
New York
City, Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
We omit two
1
Deposits He.
COS omitted.
Capital <S
BANKS
ciphers (00) in all these figures.
Loans.
Surpltis.
JM'.
C'irew-
posits, t
Legals.
.Specie.
lation.
Clearings.
I've.
$
Bk. of N. T.
Manliat. Co.
Merchants'
Mechanics'.
America....
Phoenix ...
City
Chemical ..
Merch. Ex .
Gallatin
But.&Drov
Mech.&Tra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacillc
Chatham
...
...
People's
K. America
Hanover ...
Irving
Citizens'
..
Nassau
Mar.<fe Fult.
8hoe<feLthr.
Corn Exch
Oriental
.
...
Imp. <fc Tran
Park
East River
Fourth ....
Second ....
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chase
Fifth Ave..
German Ex.
jfermanla
..
J.incoln
(Rartleld....
Wifth
ilk. of
Met..
West
Side..
Seaboard ..
latN.Bklyn
Liberty
N.Y.Pr.Ex
New Amst.
Aator
$
$
$
2,000,0
2,050,0
2,000,0
3,000,0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
700,0
500,0
6,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
600,0
300,0
1.000,0
1,000,0
600,0
350,0
$
$
3.204,0
2,555,6 19,551.0
6,123.0
2,491,7 28,653,0
2,707,8
1,407,0 13,745,2
•Z,<iS2,0
3,275,5 21,972,0
4,420,4
8,663,0 22,499,3
471,0
3,347,0
265,8
17,397,9 207,709,1 47,387,0
4,778,5
7,644,1 24,720,5
909,5
6,930,5
356,4
1,252.4
9,053,1
2,238,0
464,4
2.212,4
121,3
790,0
6,151,0
357.6
53,s,l
3,669,4
547,4
4,293,8
4,266,5 28,885,9
11,629,6 149,484,1 18,839.0
3,50S,4
4,335.3 23,507,8
448,:.
3,202,1
618,7
790,0
6,932,0
1,057,8
401,5
2,0(7,7
422,5
1,561,5
2,0:;l,8 15,69^,4
6,648,6 49,608,7 ,11,398,2
1,2U2,8
7,206,0
1,039,0
3,734,5
679,6 16,372,6
3,295,3
464,4
317,31
7,253,8
1.075,0
1,299,2;
7.057,5
1. "751.8
381,2
6,563,0
3,276,0 29,640,0
8,638,2
899,0
1,077,3
3,846,0
6,607,1 24,086,0
73,656,0 16,443.0
7,091,1
1,197,0
181,9
99,5
4.1ti8,0
2,935,0 21,94.>,0
613.0
9,625,0
1,462,6
16,240,1 105,786,4 22,750.8
8,124,0
1,493,7
890,3
386,0
3,163,0
768,3
4,494,0
1,078,4
707,1
807,8
4,260,7
632,2
4,175,2 46,906,6 12,46;;,0
9,830,6
2.435,7
1,784.7
2,636,6
225,0
705,6
2,618,4
453,2
873,0
1,531,4
1,362,1 12,692,2
7.764.7
1,971,9
1,234,9
402,7
2,678,8
671,7
9,428,9
1,862.6
1,485,6
3,743,0
646,4
751,0
2,839,0
1,430,8 11,923,0
630,0
698,0
4,174,0
2,414,1
2,011,8 11,537.8
6,B33,7
497,6
1,052,8
6,102,4
1.701,1
549,0
4,696.0
754,0
607,2
'
$
P.O.
1,798,0 19,174,0 26'0
2,361,0 33.713.0 25-1
1,497,0 16,778.1 250
3,194,0 22,930,0 .'5-6
2,462,5 26,228,8 27-2
197,0
2,729,0 24-2
7,912,3 213,620,9 25-8
1,921,9 23,941,5 27-9
570,4
6,330,1 23-3
561.6
7,096,6 25-5
79.-J
2,552,2 21-3
695,0
5.717.0 J4-2
386.4
3,690,5 25
1,611,5 22,462.3 26-2
15,098,5 134,940,5 25-1
24-4
l,:i9),2
20,06^:,
433.9
3,873,9 22-7
923,1
6.071.3 J7"7
302,9
2,531,5 2V8
2,095.7 14,609,ti J 5-0
4,252.8 60.47il.b 25-8
483,8
6,866.0 24-5
1,499,6 20,650,0 JO -4
474,6
3.911,5 24-0
7,2s4,l 24-9
672,8
468,2
9,261,» 23-y
3,449,0 36,272,0 24-8
8,49:i,8 17-0
690,3
1,350,0 21,297.0 .'4-3
6,361,0 86,809,0 265
185,8
1,413.5 25-9
2,371,7 24,988,u 26-1
1,937.0 10.280,0 24-8
2.066,6 100.861,0 24-6
418,1
7,581.4 25-2
311,0
3.543,0 19-6
6.948.7 2V-1
539,0
211.4
4,277,7 J3-8
l,771,o 65,88^,1 2.V4
468,4 10.907,5 26-6
685,8
3.949,9 .'30
612.8
6.436,9 19-6
1.525.9 13,390.0 22-8
8.250,3 ii-i
270.3
153,3
2,847.7 J5-4
721.5 11,086,9 23-3
347.0
4,295,0 26-5
1,707.0 17,628,0 25-7
927,0
4,696,0 33-1
250,0 10.206,8 260
406,5
6,258,0 23-3
414,2
7,769,7 27-2
407,0
4,659,0 24-9
;
t
Total United States deposits included, $18,302,200.
—
Reports of Non-Member Banks, The following is the
statement of condition of the non-member banks for the
week ending Mar. 18, 1905, b.ased o^ u,verage of daily results.
We omit
BANKS.
2,34 7,246.0
52,635,4 192,547.0
62,635,4 191.564,0
62,635,4 192,881,0
16,297,0
16,170,0
18,985,0
0,139,0 225,079,0
6,878,0 223,118,0
6,025,0 229,638,0
7,296,0
7.315,0
7.397.0
155,748.8
138.019.8
162.910,7
264,975,0 11.964.0
150,938,9
Mar
4
Marll
Marl8
Surtal
plus.
Wash. Hgts
...
48,167.1 222,129,0
4
Chelsea Ex.
....
..
68,482,0
;
—
Imports and Exports for the Week. The following are
imports at New York for the week ending for dry goods
March 16 and for the week ending for general merchandise
tlie
March
17
also totals since beginning first
;
Loans
<t
Jnvest-
Specie.
Leg. T.
Net
S:Bank Clear'g Other Deposits
Notes.
Agent. Bks.&c
For week.
1905.
1904.
Dry Goods.
Consol. Nat. 1,000,0 1,042,7
Fidelity
200,0
124,9
14th Street.
131,4
100,0
Gansevoort.
87,1
200,0
Hamilton .. 200,0 133,2
Jellerson ..
400,0 333,5
Mt. Morris
129,7
250,0
Mutual
226,0
200,0
19th Ward .
194,0
200,0
Plaza
242.2
100,0
Riverside ..
103.2
100.0
State
767.3
100.0
12th Ward
117,6
200,0
23d Ward .. 100,0 109.5
Union Exoli 760,0 636.4
United Xat. 1,000,0 150,2
Yorkville ..
293,7
100,0
.
1903,
1902.
Total
Since Jan.
$2,662,587
10,679.207
$2,623,040
10,443,486
$3,362,888
10.521,989
$2,699,567
7,848.814
$13,241,794
........
General Merchandise
$13,066,526
$13,884,877
$10,548,381
$35,374,814
127,679,351
.$30,994,646
$36,179,022
99,844.122
$30,830,742
89,187,376
1.
Dry Goods
General Mercliandise
Total 11 weeks
104.184,134
$163,054,165 $135,178,780 $136,023,144 $120,018,118
of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 20, and from January 1 to date.
The imports
MEW YORK FOR THE WEEK.
EXPORTS FROM
1905.
For the week
Previously reported..
Total 11 weeks
1903.
1902.
$11,214,418
107.380,897
$10,279,500
94,469,864
1904.
$11,913,848
100,823.262
.$9,836,836
100,694,556
$112,737.11* •1^110,53 1,392 .t;n8.595,316 $104,749,354
Note. — As the figures ot exports as reported by the New York Custom
House from week to week frequently show divergience from the monthly
totals, also compiled by tlie Custom House, we shall from time to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the weekending March 18
and since Jan, 1, 1905, and for the corresponding periods io
1904 and 1903.
NEW YORK
EXPORTS AND IMPORTS OF SPECIE AT
GoliU
o.,-
"
692,4
604,5
495,1
3,103,2
5,897,0
3,913,3
906,2
2,274,0
•2,06o,l
3,974,5
2,495,1
2,796,8
3,425,1
2,300,0
3,078,0
1,35>,3
8,121,0
1.91i>,0
1.482,9
4,762,8
2,270,5
2,388,2
11,8
16,4
32,7
45,
255,0
337,0
16,7
120,9
14,9
162,1
10,3
168,0
24.5
2b,7
199,0
17.3
541,0
31,0
47,6
121,2
283,6
40,5
34,2
31,7
25,4
245,1
190,0
35,7
66,2
90,9
140,4
138,4
3 26,5
98,9
294,1
207,5
185,0
105,3
269.0
168,0
141,1
264,4
50,6
272,5
73,4
39.6
51,2
358,9
453,0
274,2
59,1
367,8
167,6
124,2
187,8
268,7
97,2
327,0
481,0
85
141,0
228,0
132,8
690,6
86,9
252,0
45,9
140,1
264,7
3,6
125,0
66,0
126,8
310,0
78,9
56,9
56,1
290
205,1
,161,0
572,1
609,9
669,4
3,057,7
5,974,0
2,371,4
895.5
2,915,0
2.352,3
4.402.3
2,473,7
3,479,6
3,480.2
2.825,1
3.062,0
1.602.4
9,655,0
2,3.S0,0
313,3
760,0
268,8
2.039,6
6,647,1
1,415,0
2.934,1
Sorough ot
IMPORTS.
Since Jan.
Great Britain
Week.
1.
Since Jan. 1.
.'til.600
$i,366',6o6
$1,752,031
'\v256
20.899,553
l,60ii
137,305
36,553
268.747
9,s70
$68618t'5
Mexico
South America
$
142,6
68,2
62,8
264,5
315,9
week January.
FOREIGN IMPORTS.
West Imiies
100,0
100,0
100,0
100.0
300.0
1,731,482.4
2.062,637,9
65,574,0
Marll 48,167.1 222,176,0
262,255,0 11,942,0
122,725.2
65,347,0
60,457,0 11,917,0
Maris 48.167,1 220,377,0
126.388.4
" due to other banks,"
t Including lor Boston and Pluladelphia the item
and also Government deposits. For Boston these Government deposits
amounted on March 18 to $2,986,000 on March 11 to $3,380,00o.
France
Uerniany
Man&Br'nx
1,699,495,2
L'jiila.
Mar
EXPOKTS.
N. Y. CITY.
Boroughs 0/
Columbia
42,829,8
42,851,3
42,804.5
42,803,6
86,431,<'
.S6,253,8
two ciphers (00) in all eases.
ments.
Colonial
11798249
11899700
'5,004, U87665.S
33,703,7 11744381
Jieposii wit/t
00s omitted.
Century
223,170.4
219.628.4
221,189.7
215,060,0
'
Total... 116,972,7 136,879,6 11276784 216,060,0 83,703,7 11744381 25-4
t
$
Feb 26 251,924,1 11212814
4 251,924,1 11344253
Marll 251,852,3 11329203
Maris 251,852,3 11276784
Bus.
Mar
7,971
I8,;i00
7,250,<IOO
Ail other countries
I
Total 1905
Total 1904
Total 1903
,001
12,470
i
;t0-0,87r.
t.29, 889,071
531,000
61,003
l,n 13,774
1,^53,345
$1,388,291
52,764
033,216
$2,204,506
4,273,643
1,967,936
*558.255
$7,032,480
308,000
5,000
30,512
*i'.i25
6"79/J99
45,162
146,676
$21,687
122,513
423.933
192.963
1.632
1 26.882
$568,706
172.286
266.522
.Silver.
Great Britain
France
Germany
West Indies
"9,431
Mexico
South America
574
All other countries
Total 1905
Total 1904
Total 1903
$567,686
618,512
70.S.76V
.+s,05ii,0oo
11,288.576
8.997.686
.+
Of the above imports for the week in 1905, $3,451 were
American gold coin and §125 American silver coin. Of the
exports during the same time, 5680,875 were American
gold coin and 57,500 were American silver coin.
Brooklyn.
Borough ...
Broadway .
Brooklyn
..
Mfrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
SpragueXat
tjnion
Wailabout
.
97.3
348,4
112.3
174.6
814,0
27,0
15,7
116,9
37-,7
230.4
20,3
220.0
142,0
16,9
78,3
11.5
120.0
41,2
48,6
136,2
551, 1,331,6
80,1
159,6
435,0
930.0
329,0
624,0
87,9
35,6
117,4
183.3
60,9
81,4
25,0
143,0
82,4
137,0
24,1
40,0
400,0 1,077,7
4,518,2
186.3
301,1 4,2103
250,0
250,0
200,0
661,9
14V,9
293,9
2,280,3
8K3,7
1,470,0
91,0
64,0
32,9
77,5
17,8
69,0
143,0
209.1
400,1
110,0
125,0
643.4
160,5
2,681,5
1,242,7
147,0
36,3
45,0
66.6
186,1
73,4
200,0
150,0
300,0
252,0
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200.0
100,0
159,1
685,6
60'),3
64.3
773,7
571, i;
170,0
191,0
92,7
239,3
112,2
95,8
1,833,8
2,410,0
1,760,0
3,449,5
8,922,3
1.426,1
5,5<'0,0
3,338,0
1,356,1
1,768,0
684,3
1,134,0
1,162,5
58,5
182,4
301,0
183,2
630,8
63,9
i23y)
300,0
120,.^
52,7
18,1
64,0
286.6
148.4
47,7
212.0
423,7
2,009,1
2.538.5
1,959,8
4,444,2
11,030,9
1,631,3
5,980,0
724,3
Hudson
533,0
8,793,1
137,1
15,1
4,9
1.915,4
914,7
1.752.2
473,7
72,0
.
Second Nat
Third Nat..
Second Nat
of
Co.
High-Grade
Transact a general bankino" business and execute
stock and bond orders upon the
New York Stock Exchanore.
Branch Office, Albany, N.Y.
William and Pine
Moffat
HOBOKKX.
First Nat...
List
&
INVESTIVIENT BONDS.
2.97S.8
1,309,0
Co.
National
Monthly Descriptive
l,l'i3,0
74,7
and Ifinanclal,
Spencer Trask
1,561,2
2,Ob3,2
1,560,6
823,0
—See page preceding.
gattlilix0
3,8-'8,0
jKKSETCrrr
First Nat...
Auction Sales.
&
Stg.,
New York.
White,
members New York !^tock Exchanire,
1 NASSAU STREET, CORNER WALL,
^Dealers fn Invei^tuicnt Securities.
Maris 101370 124.-.77 1090307 4,550,4 6,024,4 1 50233 7 423,4 1249137
Tol-Warll 101370 124514 1079287 4,607,5 6.105,6 127768 7,465,0 1210044
Tot. Mar 4 101370 124514 106S616 4,435,5 5.949.1 12'.)63',< 7,988,2 1211199
Tot.
TeL
58iiC-ot«il
Cortlaodu
Teteonoiie i^tooka a Speclaltr.
THE CHRONICLE.
1156
United States Bonds.— Sales of Government Bonds at
the Board are limited to $9,000 2s, coup., 1939, at 105^^ to
105%. and $3,500 3s, coup., 1908-18, at 105. The following
are the daily closing quotations; for yearly range see third
^nzztU.
^aufejers^
^p* For DivideiuLt act page iis4-
WAIiL STREET, FRIDAY, MARCH 24, 1905.-5 P.M. page
The Money Market and Finaiicial Sitnation. — Apparently
not much importance attaches to the movement of security
prices since our last issue. There was a decided advance
early in the week, which has been more than lost later,
2s,
while general conditions governing the market have continued practically unchanged. These conditions include the
Far Eastern situation, European finances and affairs of a
domestic character, all of which are very much the same as
38,
38,
for
however,
is
A
somewhat firmer tendency to-day,
no doubt due to late advices from abroad which
two weeks
past.
indicate that the prospect of peace negotiations in the near
future is more hopeful. Various combinations or mergers
have been rumored in connection with the advance in certain
stocks, but none of these can be officially confirmed and
there seems no logical reason for a greater portion of the
irregular movements mentioned.
If there has been a speculative effort to advance the price
of cotton, as was reported, it has so far been unsuccessful,
and the grain markets have been weak. The foreign exchange market is easier under a liberal supply of bills, a
considerable portion of which is said to have been drawn
against securities. The result is a relief from the tendency
to higher money market rates here which was a feature last
week, and the call-loan rate is not as high as then reported.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to Z\ p. o. To-day's rates on call were 3@3i^ p. c.
Prime commercial paper quoted at 3^@4 p. o. for endorsements and 4@43^ p. c. for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £526,638 and the percentage of reserve to liabilities was 55*05, against 51 '12 last week,
the discount rate remaining unchanged at 2^^ per cent. The
Bank of France shows a decrease of 9,300,000 francs in
gold and an increase of 1,150,000 francs in silver.
NEW TOBK CITY CLEARING-HOUSE BANKS.
Differences
1905
1904
previous week
March 21
215,060,000 Deo
83,703,700 Deo
6,129,700
1,301,200
s
115,572,700
132,366,200
998,91b,800
36,913,800
1,037,013,700
217,239,600
69,324,400
298,703,700 Deo
293,60y,525 Dec
7,430.900
3,306,925
286,564,000
259,253,425
$
Capital
115,972,700
135,879,600
Surplus
Loans & discounts
Dec 5,241,900
1,127,(578,400
42,803,500 Dec
Circulation
Net deposits
Specie
Legal lenders
p. c. of deposits
Dec 4,123,975
5,154,175
Surplus reserve
6] ,000
Dec 13,227,700
•1,174,438,100
Eeserveheld
25
1903
MarcU 19
Jrom
March 18
$
110,322,700
122,764,400
911,547,400
42,863,500
900,682,400
163,592,500
64,758,500
228,351,000
225,170,600
27,310,575
3,180,400
$18,302,200 "United States deposits included, against $19,783,400 las*
vreek and $4(1,488,700 the correspondins week of 1904. With these United
States deposits eliminated, tlie surplus reserve would be $9,729,725 on
March 18 and $14,224,000 on March 11.
NOTE. Returns of separate banks appear on the preceding page.
*
—
foreign Exchange.— Foreign exchange was weak, influenced by firm rates for money, by free offerings of security
bills and by a light demand.
To-day's (Friday's) nominal rates for sterling exchange
were i 84V/@4 85 for sixty days and 4 86i^@4 87 for sight. Today's (Friday's) actual rates for sterling exchange were
4 8370@4 8380 for long, 4 8565@4 8575 for short and 4 8590(a>
Commercial on banks, 4 8330@4 8340, and
4 86 for cables.
documents for payment, 4 825^@4 83^^. Cotton for payment,
4 8258@4 823^; cotton for acceptance, 48330@4 8340, and grain
for payment, 4 83%@4 8Z%.
To-day's (Friday's) actual rates for Paris bankers' francs
5 20@5 19%* for long and 5 18i^t@5 183^ for short.
Germany bankers' marks were 945^(a»4 11-16+ for long and
94^@94 15-16+ for short. Amsterdam bankers* guilders were
40(ct401[ for long and 40i^**@403^1[ for short.
Exchange at Paris on London to-day, 25 f. 16^c.; week's
range, 25 1. 19>^c. high and 25 f. 16i>^c. low.
were
The week's ranee
for
exchange rates foUowsi
-Short-
-Lony.-
—
HUrling Actual
®
®
1
®
I
4 84
4 8410
4 »3b0
4 8370
Paris Ji ankers' I'ravcs—
Hl)rh....( 5 lO-ig
5 1938«
High....!
Low
20
® 5 IO'Hj*
Oermany Hankers' Marks
Low
I
Hlifh....!
Low
I
5
—
®
@
94=8
94«ifl
Amsterdam Bankers'
High....!
®
W
®
40iie*
Low ...I
WW..
«U
40
I
Less: *»i6 0f 1%.
t
i)4iiiot
94»e
I
I
|
Guilders—
411I19
I
4OI18
*U'1G
I
>32 of
4 86
4 8565
4
4
-Cables.
8610
8575
5 17'a
SlSiflt
®
®
®
40 "4
^U .©11
40'«TI
®
®
4
8645
4 86
951,6
94i6iat
®
@
W
8635
4 8590
•
51712*
SlSie
95
4
94^8
403ifl
40S**
'±\J'^^"
1%. *332
0fl%
Plus:
Til 16
..............
.
011%. *'»3aotl%.
:
mium;
fotlotcii.g.
Mar.
18
Interest
Periods
Mar.
20
Mar.
Mar.
22
21
1930
1930
registeredQ— Jan ^1043., 10438 •10436
couponQ—Jan »1047e *104'^e 1053b
1918
1918
registered Q
*
38, 1818,
3s, 1918,
48, 1907
4s,
*
This
registeredQ—Jan •1041.^
couponQ—Jan 105 Hz
registeredQ— Feb *132'.i
couponlQ—Feb * 132 la
1907
1925
1925
48,
48,
is
•i04ii * 10414
*104i4 •104^4
*ib3'i ibs'ii -103%
•IO412 •104Hi •10456
105V2 •105 "12 *10508
'132>2 •13212 •132»8
•1321a *13aia •1323i
the price bid at the morning board; no sale
,
•las'* *105>4
•ib4>4
•10434
105
Mar.
24
10434 •10434 *104»4
2s,
28, 1930, smaU.registered
28, 1930, small.... coupon
—Feb
couponQ— Feb
smalLregistered Q —Feb
small
couponQ—Feb
Mar.
23
ib4>^ •ib4»i
*
10434 '104»4
•ro3>i
•10458
*ib3^
*104^
•lOoSg *105»8
-132»8 *132«8
*13234 *1323«
was made.
Railroad and Migcellaueoas Stocks —There was a limited
volume of business in stocks during the early part of the
week and at the same time prices had a decidedly upward
tendency.
Later the market has been more active, the
transactions aggregating over 1,400,000 shares on Thursday,
but the tone changed to one of weakness and, notwithstanding a sharp recovery in some issues to-day, a considerable
portion of the activr* list closes lower than last week.
Among the notably exceptional features are Canadian
Pacific and "Soo Line" preferred, which advanced over 5
points, and are still nearly 4 points higher than last week.
"Big Four" and "Nickel Plate'^ have also been strong, but
New York Central has not maintained the advance noted
last week, and closes over 6 points below the highest then
recorded. Union Pacific has been by far the most active
stock, and after moving up 2 points on the advance of Monday and Tuesday and covering nearly 3 points to-day, closes
with a net loss. Chesapeake & Ohio has also been active
and relatively strong. Atchison has been in request, and
with St. Paul and Bait. & O. closes with a substantial net gain.
Corn Products has been the weak feature of the industrials.
On a reduction of its dividend rate the preferred declined to
62J^ as against 75 last week and the common is over 4
Iron is exceptional in an adpoints lower. Colorado Fuel
vance of over 5 points, and Tenn, Coal & Iron is nearly 8 points
higher; while the copper stocks have been weak and U. S,
Steel, both common and preferred, are fractionally higher.
For daily volume of business seepage 1166.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
&
Sales
STOCKS
Week Ending
Ifar.
Sangt for week
for
24 Week
30(1
Preferred
90'iiMara2
28 4Mar2(i
100
100
200
Preferred.......
A.mer Beet Snifar
24\Mar21
47
1,800
Amer AgrionJ Chem
8434Mar21
91 Mar2'
99 Mar21
OgMariS
Range Hne* Jan.
24>9Mar21
91»aMar22
30 Mar21
8434Mar21
20 Jan
89i«Feb
24 Jan
77 Jan
1.
24><)Mar
9534 Feb
30 Msr
85 Mar
99i«Jan
99 Mar
»4Feb
148i«Mar
90 Feb
89»sFeb
69 Mar
104 Feb
91 Mar
91 Mar20
Amer Telen 4 Cable
96 Jan
99 Mar21
Assoc Merchants Ist prJ
S8Mar22
«feFeb
Atch Top <fe 8 Fe rights. 3,68U
600 147 Mar23 14734 Mar22 129»j,Jan
Canadian Pac sub 2d pd
79 Jan
100 80 Ma; 24 80 Mar24
nieve Lor <S> Wheeling..
900 a!H3>sMar24 86iaMar21 xiS "sMar
Electric Storage Battery
& Denv O, stmpd.. 600 64 Mar23 69 Mar24 44 Jan
B'C
77 101 Maris 101 Maris 101 Mar
aeneral Chemical, pref..
71 Jan 78isMar
CO 78>sMar24 78>iMar24
Homestake Mining
5,620 17»4Mar20 20i2Mar22
10 Jan 20VMar
Enick Ice (Chicago)
60 Jan 73 Mar
100 73 Mara2 73 Mar22
Preferred
ISSi^Feb 190 Mar
IBO Mari!2 190 Mar22
Morris <fe Essex
IM^Jan 26>4Feb
23''gMar22 24HiMar20
tmam<& stamping..
Nat
400 92 Mai21 92 Mai2
89^ Feb 92 Mar
Preferred
100 42 Mar21 42 Mar31
42 Feb 42 Mar
New Central Coal
50 62 Marlt- 62 Maris
69 Jan 66 Mar
Dock Co, pref
60 402 Marai 4U2 Mar20 400 .Tan 402 Mar
New York & Harlem
igMar
iaMar2
4Mar22
"aMax
North American rights.. 7,640
W
n
NY
.•
St
L <& Ban Fran
stock
tr
ctfs for C<fe K lU pref..
O 8 Leather tr oo recta..
206 133
40,950
Mar23 183 Mar23 133 Mar 134'aPeb
1234Mar23 11 Mar ISHjMar
Maris 105 Mar24 103i«Feb 106»4Mar
Marlg 52i9Marl8 35 Jan e6HMar
llisMarlti
Pref Trust Co. recta .... 8,400 104
n S Beduo <& Betln'g, pt 40U 50
Outside Market.— Trading in the markeh for unlisted
The movesecurities has been on a limited scale this week.
ment of values has been decidedly irregular, strength being
displayed in some issues while in others the tendency has
been towards a lower level. Northern Securities continued
to lead the market in point of activity, total transactions
aggregating about 100,000 shares; this stock declined from
161}^ to 154%, but to-day recovered again to 161J^. The
price of Northern Securities "stubs" fluctuated between 725
and 900; the close to-day was at 800. Inter borough Kapid
Transit has been extremely quiet; in the early part of the
week the price rose from 2i2i^ to 216, but later it sank to
American Writing Paper preferred rose 2'}^ points to
2101^.
35% and closes to-day at 34; the common advanced from
5^ to 7 and ends the week at 6. International Mercantile
to 36?^^, then declined to 34^.^
Marine preferred gained
and to-day recovered to35i^: the common fluctuated between 133^ and 14, and the final sale to-day was at 133^.
After an advance of 8 points to 628. Standard Oil dropped
back again to 620. Otis Elevator common ran up 4^^ points
to 53^^. United States Leather (when issued) moved up 3
points to 42. Colorado Fuel & Iron new common stock
(When issued) was traded in for the first time to-day; odd
lots sold at 48 and .10; the "rights" started at 3 and rose to 4.
Manhattan Transit declined from 3^ to 3^4, but to-day it
rose to 4%. British Columbia Copper dropped from 1%
to 61^ and then recovered to 7. Tennessee Copper sank 6}^
points to 251^. but closes to-day at 273^^. After a decline
from 28% to 27^4 GreeneConsol.Coppcrends the weekat 283i
Outbide quotations will be found on page 1166.
^
I
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day Savannah,
buying
[Vol. lxxx.
50c. per $1,000 discount; selling 75o. per $1,000 preCharleston, 13}^c. per $1,000 premium; New Orleans,
bank, $' 00 per |1,0')U discount; commercial, 7')c. per $1,000
discount; Chicago, 5c. i)er $1,000 discount; St Louis, 30c.
per $1,000 discount; San Francisco, 80c. per $1,000 premium.
Stat« and Railroad Bonrts.— No sales of State bonds have
been reported at the Board this week.
There is very little change to note in the general characteristics of the market for railway and industrial bonds.
I
New lork
Exchange— Stock
Stock
Record, Daily, Weekly and Yearly
TWO PAGES
(ICCUl'YING
STOCKS—UlQIiEST AND LOWKIST SALE PRICKS
Mondaq
March 20
Saturdav
ifarch 18
*35
72
40
75
8838 89
103 loa
*35
•72
•36
•72
89 13
103
142
40
72
8838 90 14
102 V2 103
141 I42I2
141'i!l42»2
March 22
40
76
91 '2
10? 7g
March 23
March 24
36
21
35
36
74
88
102 la
140
74
8938
103
14078
5I2
5
5",
32
•32
35
•801a
16
32 V2
32
32
81
31
I6I2
§1538
81
I6I2
16
33I2
31
4oia 47
4612
46
80 "a ><li4
67°h
5
S2
32
81%
•15
5
8034
67»4
68
»65
16
32
46
fcOia
813b
67 14
81-2
68»8
31
68^4
7934
6634
65
285
70
90
300
70
90
3oO
290
20
•65
•85
•285
iiO
'20
941a
9434
85
•94 Hi 97 >2
•934 95 »v
93'a
•94
161
29
293f,
•37
101
"310
•58
101
350
60
I4II4I42I1.
16914 16936
8818 90 14
12334 1241%
2418 2434
HoO
•59
•89
116
163
170
61
93
116V2
163
14
49
40
98
•310
58
40 >4
103
350
60
141 1421a
169i8l69i2
8634 88^4
12314 12412
24 14 24 'e
150 170
61
62
89 93
H6I2II9
162^164 la
31
32
311a 31ii
6534 66
661a 6678
107'* 10734 107 108 >«
•142 143
•141 143
41
41
•41
411a
2134 22
22
22
160 1621a I6O34 I6334
48
4838
471a 483,
110 117
•110 117
80
79
203
80
120334 20334
6138
85^
61
93'a
107
84
113
>
12134'
Siiia
105
94'a 951a
92 14 92 14
•91
91'a
344 3413
80
bOH
•60
70
•13
16 Hi
•50
67
•241a 261a
80
71
71
•188 192
>
94
9434
109
93 95
1421414334
•40
411a
1^4
•821a
6234
861a
•92
1421a I4314
•40
411s
120
79
203
la
8479
63
86I4
•92
9334
•94
95
10778 107 't
•94
95
•28I2
55
94^8
112
3313
80
•60
•14
52
»
185
64
38
84
8334
2934
28 14
64
66
17
55
93
93
14
50
159
27
55
404 40 4
103
360
•58
60
I39I4 140 4
1674168^4
85 4 8634
122^%1-J338
23^8 24 4
•150
•60
165
63
95
&
t-
&
&
&
'J
Do
85
<Sj West'u.
Rio Grande
4,050
Do
675
tr. ctl.tr. ctts.
2,020
610
3,348
70
90
302
Do
& Terre
Evansv.
Do
Haute..
Do
deh
Oocking Valley
clf.A
\\
<*,tf
n_Do
.'.
pref
I604I6I Illinois Central
27 4 2834 -Lowa Central
5478 5478
Do pref
37
37
IZanawlxatfe Michigan..
84
84
-IVc.Ft.S.<feM.,tr. ots. pfd
284 284 Kansas City So. vot. tr. ..
6373 65
Do piet. vot. tr. ctfs.
17
Keokuk <& Des Moines...
55
Do pref
41
41
r ake Erie <fe Western...
100 103 -Li Do pref
14
50
310
360
Shore
i22''8
82
8314
105
112
9479 9638
9238 923;,
-901a 91 12
34
3l7g
80
8O34
3434
8018
70
60
70
lOia
•13
161a
52
57
57
241a
•
71
185
261a
79
71
190
39',3*0*6
i'letrop. Secur., sub. rec. 121,350
Metropolitan Street
56,100
Mexican Central
Michigan Central
&
Minneapolis
<fc
32,400
St.
"'906
Louis.
S. S.
Mane.
9^o'o"6
8,100
3,750
7,47u
46,750
Texas
106=8 10734 Missouri Pacific
XI ash. Chatt. & St. Loui.«
145
141
40
21
41
4034
ii
at. of
Mex, non-cum.pl
a2
Do 2d pref
16038 160 16178 N. Y. Central <fe Hudson..
4838
48
494 N. Y. Chic. & St, Louis...
117 •110 117
Do Istpref
73
81
81
Do 2d pret
202
20134202 N. Y. N. Haven & Hunt.
084 584 594 N. Y. Ontario & Western,
85
85 4 S534 Norfolk & Western
Do adjustment pref.
94
93
93
pacific Coast Co
94
92 4 92
i- Do
Istpref
108 •1U5 108
93 95
Do 2d pref
95
Pennsylvania
14134 14134 143
404 42 4 4434 Peoria <& Eastern
Pore Marquette
Do pref
*
* 1264122" Philadel. Rapid Transit..
viz" i20"* 1204
804 82
84 Piltsb. Cin. Chic. & su L.
80
82 4
84
•105 112 105 112 106 112
Da pref
93«8 95
924 944 944 964 ! > eading
Lvlst pref
•92
9178 9-2
91
91
923b
2d pref
•89
90
90
904 •894 904
33I4 34
324 334 3333 3434 Bock Island Company
Do pref
7934 80
794 79 7j, 794 8012
60 70 60 70 60 70 Bntland, pref
13 16 13 16
1. Joseph (feGr'd Island.
•13
164
•62
60 56 50 55
Do Istpref
57
24I4 2414 •24
•24
Do 2d pref
26
26
....... 79
78
88
774 774 St. U<fcS.Fr., Istpref....
Oo 2d pret
•704 714 •70
71
704 71
C.<feE.I.com stock tr ctfs
185 192 •185 190 185 190
22
2.
76 4 Jan 2
12'=8Janl2
/
25 Jan
37=8 Jan
;
3
754 Jan
3
994 Mar
800
50i)
2
§290 Jan2(,
56 Jan 20
11344 Jan 25
Jan
Jan
11,012 165
73
.
78
i22"
300
&
Mich. South'n
Long Island
Louisville cfe NashviUe...
\/[ anhattan Elevated .
L.
'58
60
140 41414
168 169
8834
87
j;1224123>8
24 4 2434
155 J 70
62
62 4
•89
95
Jan
3038 Jan 2^
85 Jan 23
22 Feb 20
5
Feb 8
3138 Mar 4
55 4 Jan 3
68 Jan 10
90 Feb 28
r,2o6 236 Jan 4
83 Feb 16
47 17 4 Jan t
600 86=6 Jan 1^5
100 90 Jan 18
15,822 15234 Jan 25
1,700 2 7 Mar2.>
300 544 Feb 28
100 36 Jan 23
2,000 8134 Jan 25
2,600 27 '2 Jan 7
7,900 52 Jan 3
1434 Feb 25
52 4Marl5
"85*6 35 Jan 11
pref
Green Bay<feW.,deh.
94
94
•93
7,150
160,400
9,715
9,600
1st pref
2d pref
Great Northern, pret
19 4 26
9334
1,78..
pref
<fe
106 4
145
Dodge.
<& Ft.
Detroit South, vol.
89
Do pref
117 1173i 1174118 Minn. S. P.
16541664 166416634
Do pref
314 314 Mo. Kansas
303a 31
644 65 4 6534 6614
Do pref
141
300
pref
Des Moines
684
6738
299
335
i -'elaw. l^ack.
3178
65
1938
50
:-
45 ^8 46 4 L^rie
80 4 81
Ej Do
67
70
90
300
27
65
39
83 4 83 4
27 4 28
63
64
14 17 4
100
310
15
80S:
54
37
55
40
84 14
29
65
17
55
&
«fe
tor Freviovs
Year (1904)
Highest
3
i'
H44Jan
9
21 4 Jan 25
Feb
iV.io
56 4 Jan
86 Jan
89 4 Jan
148 Jan
30 Jan
62 J an
104 4 Jan
137 Jan
40 4 Jan
21
3
12
ly
11
13
24
10
25
12
4
Mar
7
292,795 14134 Jan
7,900 42 Jan 20
115 Marl 3
;^
"bbo 744Febl7
530 1984 Jan 3
102,950 4038 Jan 6
32,500
100
774Jan25
914Feb24
700 784 Jan 17
100 100 Jan 3
lOo 85 Jan 12
349,350 135 Jan 25
2,40o 27 Jan 25
77 Jan b
80 Jan 11
1184 Mai
75 Jan24
106 Feb 17
408',700 a;79
Jan 13
2,200 91 Mar24
100 84 Jan 5
t'
3i3'o"6
1,100
104,450
11,400
Nov
Nov
894 Nov
1044 Mar 9 87=8 Jan 1044 Nov
145-if> Mario 104 4 Feb 155 4 Nov
lll4Marl3 727eMai 105 4 Deo
98
68
175
114Aug
2734
Nov
154 Nov
29 May 48 4 Nov
111 Mar21
684Maj- 9338 Dec
12134 Marll 100 Feb 115 Nov
2634 Feb 8
13 4 J'ne 24% Nov
64 4 Feb 10 48 J'ne 63 Dec
39 4 Feb 3 1778 J'm 37 4 Nov
196 Feb 4 149 Mai 1904Deo
100 Marl4 2504 Feb 35934 Deo
364 .Mai 14 18 Mai 3579 Nov
91 Marl5 64 4 Feb 89 Deo
284Marl7 19 4 Jan 27 Deo
978 Jan 24
14J'ne 1434 Jan
364 Feb 1
234 J'm 33 4 Dec
83 4 Mai 24 60 4 J'ne 7934 Deo
17 4 Jan 21
5 4 J'ne 1479 Nov
37 Jan 21
9 4 Aug 28 4 Nov
4834 Marll
214 Ma> 41=8 Nov
83 Si Marll 55=8 May 77 Deo
71 4 Mar 3 33 Ma) 584 Deo
72 4 Jan 16 54 J'ly 67 Deo
90 Feb 28 72 Feb 83 Nov
302 Mar24 170 Mai 2424 Deo
90 Jan 13 70 Aug 86 4 Nov
24 Feb 2 11 J'ne 2034 Nov
99 Marll 60 Maj 94 Deo
9678Mari3 77 Mai 95 Deo
164 Marl 6 12534 Feb 159 Deo
32 Feb 3 14 J'ne 33 Nov
0834 Feb 3
32 Feb 5934 Nov
39 Marl7 22 4Ma3 38 Dec
S44Marl6 64 4 J'ne 834 Nov
34 Feb 14 16 4 Feb 3 178 Nov
70 Feb 14 31 Feb 6634 Nov
1434 Feb 25
104Jan 1938 Apr
524 Maris 45 4 Apr 82 Apr
44 4Marl4 26 Mai 434 Dec
106 Marl3 85 J'ne 105 Oct
iioQ Marl3 §245 Nov §300 Dec
654 Feb 3 46 May 62 4 Nov
145 4Marl3 101 Feb 14334 Dec
175 Feb 9 13934 Mai 169 4 Nov
91 Marl? 724 Mai 96 4 Aug
1254Marl7 10434 Mar 13038 Oct
26 Marl3
Apr 23=8 Nov
5
5150 Feb 16 §1194 Feb ISO Nov
62 4Mar21 40 J'ne 6734 Jan
91 Feb 24 SO J'ly 96 4 Sep
120 Mar21
55 Jan 95 Oct
168 Mai21 116 Maj 150 Oct
334 Janl^ 14=8 i'eb 3638 Nov
69 Marl 3 32 4 J'ne 65 4 Deo
11078 Marl3 87 Feb 111 4 Deo
14738 Mar 4 101 4 Feb 147=8 Deo
45 Jan 16 3434 Feb 45 4 Nov
24 4 J an 10 1578 Feb 254N0V
I6734 Mai 14 11278 Mar 145 4 Deo
51 4 Mar 13 25 May 47 Deo
122 "a Jan 30 101 4 May 115 Nov
83 Maill 60 J'ne 78 Deo
210 4 Feb 4 §1864 May 199 Oct
^i'i
Maris 1939 Mai 47 7^ Oct
88 4 Marll 63 4 Mai 80 4 Deo
94 4 Feb 3 88 May 95 Dec
98 4 Feb 7 61 Feb 82 4 Deo
108 Feb 6 95 J'ly 101 Sep
98 Feb 7 614Jau 864Deo
14734 Marl3 1114 Mar 140
Deo
454 Feb 23 17 Mai 32 4 Deo
106 Feb 14 744 J'ne 813f,Jan
87 4 Feb 6 'ioH Ma) 79 4NOV
124
Mar
Jan 18
9934
Mar
9
94 Feb 2
92 Feb 3
37 73 Jan 18
85
Jan
4
J'ly
1
8734Marl3
112 Marl3
244Mar22
400 75
200 70
Feb 8 87=8 Feb 96 4 Oct
Marl 7 38 Feb 704N0V
Jan 18 1184 Mai 160 Oct
Jan 31 §ia54J'ne 165 Oct
36 4 Mar22
134 Feb 2
54 Feb 3
134Janl3
"ib*6
34
66
8934 Mar23
83 Nov 89 Aug
150 4.Mar21 1094 Mar 13534 Oct
7234 Jan 31
64 Apr 72 Nov
205 4 Feb 3 1544 Feb 19434 Nov
60 4Mar21 284 Mai 51 Nov
44'2Marl5 33 Jan 474 Nov
834 Jan 4 75 Jan 854 Jan
25 4Marl6 12 78 J'ne 264 Nov
884 Maris 804 J'ly 90 Nov
H834 Janl8
47 4 J'ne 7434 Nov
374 Feb 7 20 J'ne 394 Nov
I8334 Marl4 137 4 Feb 177=8 Dec
192 Jan 31 173 Mai 1857gOct
249 Jan 31 161 4 Mai 2144 Dec
265 4 Feb 1 207 Fob 237 Nov
225 Jan 31 135 Mai L60 Nov
230 Jan 31 5165 Apr 192 Deo
19 4 Feb 17
5 4 Aug 164 Nov
32 4Mar23
79 4Mar23
69 Jan 17
54
Highest
Lowest
37 4 Feb 18 25 J'ly
74 Mar22 54934 J'ne
9338 Mar 9 64 Feb
Jan 25 159
Jan
160
154
159
34
Do pref. vot.
83 4 Detroit U nited
15 '4 Duluth So. Snore <Si Atl..
314
45 4
94
94
160
647a 6534
10638 107 1« 105=8
•140
146
-40
40
41
21
•21
22
159=8 10214 158=a
48
4714 4913
474
601a
110 117 110 117 110
79
81
80
78
•201 204
200 20018 •200
60 14 62
584 6014 5634
8512 86=8
84 4
844
92 94 •92 853e *9^
94
•94
95
93
93
92
106 108 12 •106 108 105
93 95 •93
95
95
14178 144
141414238 14038
•40
42
43
43
404
142
9II2
190
285
98
41
103
320 360 320 360
•58
•58
60
60
1401314113
14134 143
1691a 1693, 169 I6914
87 14 88\
So% 8734
123=8 12458 122 la 124
25 12
2379 2478
241a
'150 170 160 170
62 12
62
621a 62 13
89 95 89 95
120
117iall8
1181a
165 168
16534 167
31 32
3934 3118
96I4
•i4ia 261a
79
70
71
70
90
300
65
85
•9314 94
15934 160 12
271a 271a
40
6613 67
107 la 108 la
147
41
41
21 22
161ial6334
66 4
6 7 la
6
*31
82
8I34
15^4
3l38
15
3OI4
4434
79^8
80',
-5
"v
33
814
lOSg
32
46
41
411a 42I4
•100
101 101
92 14 92 12
90
33
82 14
5
1938
'93
55
•60
\ii"
8212
290
291a
38
83=8
29
651a
14
17
65
14
65
85
95
I6034I62I2
•38
40
83 14 833,
2914 29 S
65 "a 6534
40
•8314 83^4
29
291a
eoJa 66
-14
17
•49
65
41
41
45 la
2614
9434
93
95
541a 56
•541a 56
70
90
300
•85
I6214
•2Sia 2912
160»4 161 1^
81
33
47
5
31
5
Lowest
BuJlalo Roch.
Pittsb'g.
li
.
.Do pret
1*230 874Jan 4
Buffalo <fe Susqne, prel...
165,430 13034 .Jan 25
/ lanadian Pacific
V Canada Southern
100 67 4 Jan 11
200 190 4 Jan
Central of New Jersey...
210,450 46'^ Jan 25
Chesapeake* Ohio
1,900 3838 Mar 8
Chicago
Alton
1,600 80 Jan 2o
Do pref
20,900 2178 Jan 25
Chicago (Jreat Western..
600 80 Jan 24
Do 4 p. 0. debenture.''
120 62 4Mar23
Do 5 p. 0. pref. "A"..
1,700 324 Jan 25
Do 4 p. c. pref. "B"..
Chicaijo Milw. & St. Paul. 181,572 1714 Jan
400 182 4 Jan l;ri
Do pref
7,022 205 4 Jan
Chicago North Western
234 Janlo
Do pret
150 Jan (>
Chic. St. P. Minn.
Om.
195 Jan 17
Do pref .
b',hoC
734 Jan 5
Chicago Temi'l Transfer.
18,100 174Jan 4
Do pref
9 4 Jan 3
Chicago Union Traction. 13,410
750 394 Jan 7
Do pref
17,376 90 Jan 14
Cleve. Cin. Chic.'i; St. L.
200 119 4.Mar 8
Do pref
9,230 22 4 Jan 20
Colorado
So., vot. tru.si
1,100 60 Mar
Do Istpf. vot. tr. cfs
1,400 34 Mar2o
Do 2ilpf.vot.tr. ctls.
6.300 1804 Jan 25
Hudson
Pkelaware<fe
Denver
Range
Week
Shares
Railroads.
10738 108=8
IOTSbIuS^s 10758 10912
96 98
'96
97
97
97
•96
97
66I4 67
65
66>8 67
66
60 »8 67
•152 155 152 155 150 155
*152 155
*152 155
147 157
*155 180 *155 180 •155 180 155 180 155 180
'155 180
*86i2
89 "a 8934
8834 8934
8938 89 12 -86I2
•87
147 78 150 14 1461314813 14638 1484 1484149
146 150
14518 146
'70
6934 70
•7012 7II2
70
70
71
70 71 '691a 70
199 201 198 201 197 200
199 199
20014 200'^ '199 2U0
58I4 60i«
68I4
5578 573b
674 584
57
59
561a 5812
57
4li8 42
41 14 42 14
41
41
4078 4138
41
41
41^4 4114
8O34
81
82
81
81
80
8I34
81
81
81
81
81
23
2376 24^8
234 2338 244
23^8 'Z\h
24V,
23«8
88I2 87
864 87 4 874 874
87
87
88
86 Si 87
•87
«62ia 62 12
624 624 604 67
6712 62 la 67
*B2>a 67>2 63
•35
3412
35 '4
354 3534
34
35
34^8 35
36
3434 35
180i4l817e 17878 18038 178I4I8OI4 a;l7678 177=8
179 179^8 179 180^6
139 189
188 188 187 190 185 186
190 190
'188 190
240 24034 24OI424OI4 238 239 12 23678 23814 2404 243
240 '8 241
250 263 250 263 •250 260 257 262
•250 263
'255 263
190 200 190 197
•190 200
•190 200
•190 200
>1»0 2U0
•193 200 193 200,, 192 200
*195 200 •193 200
200
'195
1734 19
18
*17
18
18
18
18
19
18
-lOi^ 18
33
34
35
36
32
34
354 35
32 14 3212
33
361a
lOia I2I4
lOia 11
1134 12
94 1034 104 114
•1134 12
44
4518
44
44
40
414
50
•48
lOSislU
IO714 1077g i 08 41 09 3^
107 la 109
106 108
105 105
•120 122
121 122 •121 1214 •121 122
1'20
120 '120 122
2334 '24
2412 25
2379 24
23
23 '8
2378 24 ij.
231a 24 12
60 la 60 12
6OI2 6OI2 •60
60
60
61
60
60
60H^ 601*,
«35i* 3516
33 36
35
34
3434
35
35
36
35
35
1H74190
1884 18y4
19156 190 192
188 190
'19018 19076 190
375 390 <375 390 •376 390 375 3^0 -3/5 390
'370 395
*34
3334 3334
334 334
35
•34
35
341a 31V, •33
341a
88 14 8934
89
!sy 4
90
88
88-4
89
89 >2 •89
88 "a 8934
«28i>j 28'27 "a 28I2 271a 27 12 27 27
274 274 2734 2734
514
ror Year iyu5
or 100-share lots
40
80
'74
102 14
102
139
I4II4
107111 10814
971a 9712
65=8 6634
14334
IO8I2 10934
Range
On basis
35 Feb 6
A nnAjbor
"300 66 Feb 6
•^ Do pref
894 904 Atch. Topeka & Santa Fe. 142,500 844 Jan 25
102 410278
5,88(1 99
Jan 2o
Do pref
14034 1424 Atlantic Coast Line BR.. 17,324 120 Jan 25
108 4 109 4 L)altimore <fe Ohio
66,600 100 4 Jan 25
600 91 Mar ^
*964 974 1) Do pref
664 68 Brooklyn Bapid Transit.. 77,275 584 Jan 25
40
74
8778 89
40
74
01
the
STOCK
KXCHAJfGE
Friday
Tuesday
March
Sai^
STOCitS
NEW YOBK
4
724Jan 19
1734 Jan 31
583, Jan 21
29 4 Feb 3
Apr
Apr
3834 Mar
76 Mai
554 Feb
19 4 Mai
56
90
5734 Jan
Deo
Dec
82=8 Dec
92 Dec
85 Deo
80
107
3734
86=%
Nov
Nov
724 Dec
Mar 18 Nov
May 60 Not
Jau 30 Nov
Mar 7934 Dec
394 Jan 72 4 Dec
30
Apr
9
35
16
6 J 61
Jan 24 81 4 Mar
Jan 6 734Mar 6
Jan 30 192 .Marl6 150
Jan 185
Deo
Bid
Ask
BANKS AND TRUbT COMPANIES— BROKERS' QUOTATIONS
Banks
Rid
Ask
NBW YOKE
Lmericall
...
515
UnerKxch.. 272
530
278
Lstor
776 ,S25
Jattery Park 160
170
Joweryll
3304
dutch's c& Dr 155
165
Banks
Bid
City
291
Coal
Iron. 230
Colonial I1 ... 450
&
Columbiali
Ask
296
Rid
Ask
Irvin:^
t230
Jotlersonlj... 165
180
Fourth
400
t225 227
Consolidated tlSu
C'mEichge'i 390 400
JenturyTJ.... 195
Discount^) ... 150
160
Jhase
650
East Biver. 150
160
Chatham
320 330
FideUtyll ... 180
200
JhelseaEioT 170
Fifth AveTl. 3450 3750
Chemical
4275 4325 Filth
300
Citizens' Ctr; tl674
First
765 785
• Bid and asked prices; no sales were maUa on this
1Sal«at Stock Exchange or at aaotioQ this week.
Commerce
BaakH
Ask
Ria
Banks
14thStreetTl. 300
..
I
210
Gallatin
Gau.sevoortli
t4204 N2118 Liberty
140
U5 Liuculn
520 540
1500
Gartiel<l
500
I115
215
Maiden Lane
Gorman Ami! tl85 4
German Ex' 400
Qennauuill
.-
Greenwich
620
ii
Hamiltoni]
5 JO
..
f245
170
Hanover
510 325
Imp & Trad, 590 605
160
luterborolf.. 150
day.
«
i
Loss laaa 100
Mauhattanli. 315
Market&Ful 262
305
Mechanics'
Meca & Trar 150
Mercantile .. t2S0=8
Merch Exch. tl76
Merchants'.. 175
.
Metropn
sititros.
Xroat Co. certiacates.
A
400
330
270
315
185
Banks
Mt MorrisU
Rid
Ask
221
315
198
190
New Amster 475 500
New York Co 1300
N Y Nat Ex. 200 205
New York... t320 4
19th VVardH. 250
North .\mer. 220 225
Northern
130
Oriental',1
245 250
250 233
Pacific',]
530 540
Park
Mutual!;...
Nas.sauli
..
?90
Banks
Pheuix
Plazali
Ex
140
595
183
280
700
Prod Exchli 175
BiversideH .. 250
Seaboard
670
Second
600
Shoe <& Leth. 160 \60
State!)
1200
34th Street.. 195 20«
.
12lh WardH. 120
23d WardT.. 125
Union ExchT 196
a lir di\ndend am I riglita.
ri?ats. i( State i);iQiCi.
Aaseasmeat paid.
n Sold at private sale at this price.
t
290
130
585
People'sH
205
New stock.
Stock Record— Concluded— Page 2
1158
STOCKS—HIOMSBT AUD LOWEST SALJS
Monday
Marc^ SO
Saturdau
March 18
•26
263,
63 »4 6*3.
67 4 681.
II8H1 118 H,
3434 35
99%
•99
26
64
*98
38
129
29
38
38'4
•129
132
29 H;
391a 39 \
68
108 1C8
•2;>
22% 23%
4539 46^4
23% 23%
62% 52»4
245
250
16% 16%
58
7834
60
80
37%
78^8 *^0
""
3708
3834
9834
3434
35
98
*33
97
38
235
•32
}228
94
99
35
97
38
228
•7Ja
•734
10^2
10
6319 5334
10% 10%
53
•5%
0-4
•39
•17
•42
39
17»s
46
7
6I84
6234
62»e
96%
29J4
107 >< 108
11513117
210
107
•59
63
52%
62% 63%
•95
105
I7I4
17
7
2634
103%
122%
175
98%
18%
65%
145
108
117% 120
•13% 14
•95
46
95% 96%
29% 30
•205
(14
• 205
•59
143
9634
2978
5%
1834
141% 143%
143
•143'4 I45I4
54
39%
115% 116
115
26%
26 Hi 26h
101l3l02»4 102
121 1213, 122
•170 173 •150
«98%
•98>ul00
17
16
16H2
142
834
47% 49
46% 47 ^e
1115
•I634
204
206 14 206
I8V1 18V^
73'a V3>2
5434
103
17%
205
17
18
7134
4034
41 "4
115
92% 95 14
188 m88',
223* 23 H.
79
79
•Hd^
212
14
63
71%
41
•100
110
95
41
115
96%
I8734 189
•22
23
78% 78%
89% 90%
90',
•38
39
•87
39
88
87% 87% *87
61% 62%
«1>3 61 34
"36>a"37'
•103 IO6I2
166 Hi 169
102»4
10''i34
116
36
106
156
^102
lll'ill2%
4j
111
38 »2
92
92
245 >a 245 Hi
247
•43
45
H;
120
36%
10734
159%
102%
45%
112
38% 38%
92
92%
3734
247
35% 36
94% 94^4 •93% 9434
21
1H% 19% 19
7676% 79%
76
26% 26%
26 Hj 26%
•92% 96%
•92»a »6
89% 91%
89
89
3S>4 35'4
125
•108
•
101
125
1
'-J
94%
•180
•192
41%
13%
14'-,
7834
79
31% 32%
883,
89% •88
132
13
105
94 Hi
4034 41
•1 10 112 Hi
34% 35 Hi
94% 95 H;
•34 Hj 3514
107 107
•41
47
•260
9234
41
89 Hi
42
13Hi 14
78 '4 78 H<
31% 32
8834
1
87%
•41
88
•128
•12
•104
93 Hj
82% 8234
22% 23%
46% 46%
•
8O34
39%
45
18
128
133
12% 12%
1> 4
104%
93% 94%
40% 41%
11034
111%
34% 35%
94% 953,
34% 34%
107 107
45
47%
257 4250 260
94^ x:93% 9334
183
I8O34 l£i3
199
192 192
45%
24%
62%
4534
1834
44% 44%
26% 26%
23% 23%
28
63
61
250
•245
82
22% 22%
183* 19%
37
98
17>a
3834
69%
58
45
•26
24
46
26H> 27
16i«
6O34
•42
3934
•18% 19%
ii\ 53
JS9
39%
•45
2i\i
•95
•32
•225
39%
68%
80 Hi 82
26 H,
260
•96
•96 100
100
3834
38% 39
37% 38%
'129 132
•129 132
132
29% 30% 29 29%
29
100
130% 132 \ 131 133
128% 131
99 Hi 99%
99% 100
99% 99%
40
42
41
41% 42% 42
*18»4 IS"*
4519 45 »s
*244
16
•58
2634
67% 583j
108Hj108Hi 108% 109% 109% 114
57Hi
13!%132-'4
S9958 y9°s
40
40
80
81
22 "2 22»4
40 >a 46
2334
26
65% 63% 64%
6S% 69% 66% 68%
118Hill8»a 118% 118% 118 118%
24 Hj 35-V
35% 3534
34% 3434
99% 99% »9% 99% 99% 100
991*
2d
27
2634
643,
67% 68%
100
38%
27
65
ifedneidav
March 22
Tuetiiav
March 21
•244
62
250
J'SJCJJS
STOCKS
KKW YORK
Thumdav
lYtday
March 23
March 24
26
26
26
6234 64
65% 67
117% 118
64%
67
33% 34%
9934
9934
•96
37
*28
•96
132
30
129
131%
•28
3734
129
128-8
99% 99
41% 41%
80% 813^
22
22%
44% 45%
99%
41%
81%
22%
45%
i,
18
17
18
44%
44% 44%
27
23
51
•26
244 250
244
22%
50%
65
68
pref
30
383,
6734
23%
5034
131%
99%
42%
81%
23%
47%
19
45i-<
27
Lowest
2,900
16,010
24% Jan
6
Jan 12
Jan
Jan 5
Jan 25
96 Jan 13
98 Feb 11
32% Jan 25
1:6% Maris
22% Jan 18
35% Jan 18
513, Jan 25
106 Jan 6
155% Mar 1
113 Jan 6
97 Jan 9
21% Jan 4
64% Jan 16
20% Jan 25
41 Jan 25
17% Jan 24
57
6334
3,060 11534
38,2011 3234
l9t;,2()ii
stmped
Highest
cfs.
3,3U0
do
O. stock tr. ctfs...
Pacific
I'^exas
hird Avenue (N. Y.)...
<fe
<fc
9%J'ne 29 Dec
25%J'ne 6O34 Deo
3634
41% Mar
118
6834
Nov
Sep 119% Deo
100
Marl 3
Mar22
98% Feb 28
90
J
283,
61%
Industrial
Adams
250
&
i>Ii8ceU
?236 Jan
Express
.
15
15%
2,701!
14% 16
lUs-Chalmers
14 Jan 25
70(1 56
60
60
60
56
Do pref
68% 66
Mar23
392,125 70 Jan 25
79% 81
77% 7834
78% 79% AmalgamatedCopper
38% 39
37% 38% 36% 37% 38
38 American Car
Foundrj- 29,30H 31% Jan 2
9,03(1 291% Jan 2
99% 100% 9934 100% 98% 99% 100 100
Do pref
34
34
3334 34% •33
34% American Cotton Oil
1,400 83% Feb
33% 34
•95
'92
•95
95
95
H5
97
loo 95 Janl
97
Do pref
16% 16%
Highest
Lowest
27% Jan 20
65%Mar2]
72% Feb 27
121% Feb 15
18% Feb 37 % Deo
77% Jan 97%De<j
Feb 98 Dec
25,'70('
41 Marl3 20%J-ne 38% Nov
&
20('
13434 Feol6 115
Mar 134 Oct
40'i
Toledo Kallways Jfc Light
oO%Marl6 17%J'ne 27 % Oct
ToL St. L.
W. T. tr. ctfs 6,775
40%Marl7 21% May 38 Nov
Do i)rel. TOt. tr. ctfs. 1(»,510
59% Marl7 32 Feb 67% Nov
Twin City Rapid Transit. 21,730
114%Mur
87% Feb xi07H Oct
Do pref
168 Marl. 158 Aug a 65 Nov
958,4ou
136%Feb25 71 Mar 117 Nov
Union Pacific
Do pref
5,800
lOl^s Feb2 2:36% Feb 93 Deo
2,40(1
UnitRyslnv'tof SanFran
42% Mar 2
9
Feb 25 Dec
Do pref
3,900
83 Marl
42%Apr 69 Dec
8,800
28% Feb
16 May 25 Nov
Wabash
11,500
Do pref
48 Feb
3234 Feb 48% Nov
300
1934 Marl
WheeiinK<fii Lake Erie...
14%J'ly 22% Nov
Do Istpref
1,200 44%Mar24 48 Feb
37 J'ly 5234 Jan
900 26%. an 9 2>^%Marl
Do 2d pref
21%J'ne 32 Nov
Wisconsin Cent. v. tr. cfs.
4,240 21%Jan 3 25 4 Febl
16 J'lie 25 Nov
Do pref. vot. tr. ctfs.
3,800 46 Jan IS 64% Feb I
37 J'n» 49% Nov
M.
13134
Week
Loois Southwestern..
Do
Hange /or Year iyU5
Bange lor Previout
On basis o/100-share lots
Year (1904)
Shares
Southern Pacific Co
67%
112% 114%
110% 113
•26
St.
37% 38%
37»4
37% 38%
56
67%
127
26%
100
the
aXCHANGE
118% 118%
Do pref
34% 85% Southern T.tr.
a!97% 98
Do pre!
100
Sales of
STOCK
[Vol. lxxx.
16%
59% 59%
7734 79%
15
H.
<fe
J250 Feb
19
68
4220 Feb 250
Feb 17
Feb 17
81%Marl(
39
Mar21
Oct
6 Mar 21% Nov
39% Mar 71 Nov
43% Feb 8234 Dec
1434 J'ly
35% Dec
67 Jan 9434 Deo
Feb 24 24% J'ne 37% Dec
Feb 1
Siih J'nt- 97 Nov
•32
32 38 •33 38 •33 38 American Dist. Telegraph
33
38 Jan 10 38 Jan 10 22 Aug 39 Dec
•228 235
228 228
226 233 American Express
200 ?209%Jan _ 246 Feb 27 ISO J'ne 219 Nov
230 230
734 8%
50(i
7%Marll _ _ Jan _
14
7% 7% •734 8%
8% 8% American Orass Twine ..
6 Aug 14 Deo
934
10%
9% 10
10% Amer Hide <fc Leather
10% 10% 10
7,500
9%FeblJ< 11% Jan 14
2% Jan 11% Deo
52
6434
28,726 4534 Jan
52% 53% 5134 62% 62% 63%
De pref
65%Marl7 11% Jan 4334 Dec
934 Nov
5% 5%
5% 6% American Ice
1.135
5%Mar22 7% Feb 1
5% 6%
6% 6%
6 Dec
39
39% 38% 39
•38% 39
910 35% Jan 10 41 Feb 2 24% Mai 42 Oct
39% 39%
Do pref
•16% 18% •17
40H 16% Jan 17 19% Mar 6
18
16
16
17% 17% American Linseed
7 J'ne 20% Nov
42 46 •42 46 •42 46
43
43
200 36 Jan IH 46% Mar 6 22%J'ne 42% Nov
Do pref
48% 495s 46% 48% 45% 47% 47% 48 American Locomotire... 70,710 33 Jan 25 49%Mar21 16%Jan 36% Not
116 117
115% 116
117 Mar21
116 116
115%116
Do pref
3,860 10334 Jan
76% Jan 105 Nov
834 Jan 14
7
7%
7
7%
1,700
634 Jan 7
7%
7% 7% American Malting
2% J'ne 9 Deo
26% 26% 26% 26
25% 26% 25
26%
Do pref
6,300 23% Feb 9 28% Mar
16 J'ne 29 Deo
101% 103%
99% 101% 98% 100% 100% 103 Amer. Smelt'g & Refln'g. 168,430 7934 Jan . 108%Mar20 46 Feb 82% Deo
12034 122% Zl20
122% 12234 121% 122
121%
Do pref
6,800 111% Jan 13 12334 Mar 9 8834 Jan 115 Oct
150 175 •158 175 •165 175 *165 175 American Snuli
169% Jan 12 183 Jan 21 110 Jan 170 Nov
98% 100 -98% 100 •98% 100 •98%100
""I'o 99 Jan 7 101% Feb 27 85 Jan 99% Nov
Do pref
3%J'n« 15% Deo
17% 18% 16% 17% 163* 17% 17% 17% American Steel Foundr'e. 26,670 1234 Jan 6 18% Mar20
64% 66% 62% 64% 64
81,345 5234 Jan 6 66%Mar21 26 J'ly 57% Dec
66% 65% 66
Do pref
1493, Mar 2 122% Max 153 Nov
141% 143
140% 14134 139%141
141 141% American Sugar Befinin).' 37,010 138% Jan
212 137% Jan 17 140 Mar 7 123 Jan 141 Nov
137% 137% 138 138
Do pref
•145 147 144 146 •144 145 *143 145 Amer. Teleph. & Teleg...
143 Feb 16 148% Jan
121
Feb 149% Nov
9634 96%
95% 9634 96% 96% 96% 97% Amer.Tobao. new) ,pl. ctfs 8,847 91% Jan 25 99% Feb 8 85% Not 96 Deo
2934 31
1
29% 3034
29
2934
2934 30 14 American Woolen
15,185 20% Jan 26
Mar21 10 Jan 26 Nov
108% 108% 10734108% 107 109
108 108%
1,335 93 Jan 6 108%Marl6 69 Jan 9434 Deo
Do pref
119 120% 118 lis
11534 11534 116 117% Anaconda Copper
7,000 103% Jan 25 123 Marl 8 61 Feb 120% Nov
•205 212 205 212 •204 214 •205 215
203 Jan 26 a;215 Feb 14 185 Mar 229% Oct
t;>rooklyn Union uas
"845 10% Jan 13 14%Marl7
12% Deo
6
J'ly
13
13%
(!13% 13% •13%
13% 13% *run8w. Dockifc C.ImpM
•58
•5734 eo
•5734 60
10(1
69
58 Mar 1 60% Jan 18 47 Feb 6234 Deo
69
60
Butterick Co
53% 55% 5234 54% 53%- 57% 57% 69 (Colorado Fuel <& Iron... 269,050 43 Jan 25 69 Mar24 25 % Mai 58% Nov
95 105 •95 105 •95 105 105 105
V Do pref
187 83 Feb 10 105 Mar24 63 Apr 95 Deo
•1688 17
8 J'ne 19% Deo
900 1434 Jan 25 18% Jan 80
16% 16% 16% 16% 16% 16% Col. & Hock. Coal <fe Iron.
204% 207
205 205 % 205 206
205 205% Consolidated Gas (N. Y.). 13,800 194% Jan 9 214 Mar 3 185 Feb 220 Oct
101% Jan 131 Deo
128% Jan 3 133% Feb 1
Continental Tobacco, prel
934 May 26 % Nov
1334 14% Corn Products
14% 17% 1234 14% 13
14
28,123 1234 Mar22 2234 Feb 7
67% 70^4
62% 65% 62% 63
64% 65%
11,847 62% Mar23 79 Jan 10 65 Mai 82 % Nov
Do pref
4034 4134
41% 42<4
40% 42% 42% 42 Distillers Securit's Corp. 18,911 j;84% Jan25 4234 Marie 19%J'ne 40% Deo
100 115 •*100 115
100 115 Federal Mining <fc Smelt'g
105 105
300 60 Jan 1 120 Feb 20 43% Nov 68 Deo
71 Nov 90 Nov
95% 96% 9434 96
16,300 75 Jan 6 97 Feb 21
94% 95% 94
96
Do pref
187% 188% 187% 187% j;18434 185% 185% 187 General Electric
6,330 18l%Jau24 192 Marie cl51 J'ne 194%Nov
22% 22 H, 21% 22% 21% 21% 21% 22 International Paper
10% May 25% Deo
4,750 20 Feb 1 25%Marll
78
78% •77% 78 "4 76% 77
77% 78
1,559 76% Feb ( 82 Marll 64% Feb 79% Deo
Do i)ref
90
90
90
•89% 90
65 Jan 18 100 Feb 28 26 Mai 72 % Deo
90%
90
92% International Power
1,300
37 39 •37 39 •36% 37 •35 37 Internat'l Steam Pump..
37 Jan 10 40%Feb2(
28 Sep 41% Nov
•86
•85
87% 86% 8U% •85
87
200 b6%Janl3 88%Marl3 71% Feb 87 Nov
88
Do pref
613,
62% 62 S 61
60% 61% 61% 61% VTational Biscuit
6,248 54 Ha Jan 25 6234Marl7 36 Jan 69% Nov
116 120 •116 120 116 120 115 120 i^ Do pref
115% Jan 10 120^4 Maris 100% Jau 117 Nov
97",.50(')
38
3S% 38
3.-<%
:i9% 43% National Lead
39%
24% Jan 24 43%Mar24 14% Feb 26% Oct
39%
109
106 101 106
10ti% 111
2.700 97% Jan 7 lll%Feb20 80% Jan 93% Deo
Do pref
'15834 159%
i55" 159
155% 157% 167% 158% New York Air Brake
3,400 147 Jan 24 15934 Marl7 120 Feb 164 Nov
100% 102
100% 1U0% 100% 100% loo^a 1003, North American Co., new
^,800 93 Jan 20 105 Feb 10 80 Mai 107 Nov
45% 4534
44
45
43% 44% 44
4,000 42 Jan 25 49% Jan 4 24 Feb 65 Nov
45
Pacific Mail
11034 112^4 10934 111% 109%ll034 110% 112
9234 Mai 112% Dec
eop. Gas-L.<fii C. (CUic.) 39,307 105% Jan 25 114 Marl4
38% 39% 38
38% 37
17,000 33 Hi Jan 3) 39%Mar21 24% May 44% Oct
68^ 38% 39% Pressed Steel Car
92% 93 % 93
92% 94
93
93
5,420 873^ Mar 6 94 Mar21 67 May 92 Deo
93
Do prel
249 249
248 249
247 248% 250 250% Pullman Company
2,922 237 Jan 3 254 Feb2^ 209 Mai 244 Nov
35% a;33
33 %
3334 84% I>ailway Steel Spring...
35% 36% 35
7,85(' 32
Jan 7 38 Mar 2 16 M»> 35 Nov
93% 95% 93% 95 •92% 95
700 93 Jan 25 98 Feb 21 7134 Mar 94 Deo
93% 94 rVDo pref
6 ilaj 18% Nov
20% 21% 19% 21
19
20% 20% 21% Republic Iron & Steel ... 56,850 15 Jan 28 23% Feb 23
78% 80
77% 78% 76% 79
45,55(» 67
Jan lo 87% Feb 23 37 Maj 73HjNov
79% 82
Do pref
26
31 Mar24 1434 Apr 29% Deo
26
26
26% 25%
26
66,900 24 Marl 4
26% 31 Rubber Goods Mfg
•94
96'-^
*9:i% 96% 92% 96%
Deo
1,900 94 Jan 25 99 Feb 28 7434 Jan 98
Do pref
95% 97%
i90
92
89
91% 97
90
91
95 (.^loss-Shelfield St. & Iron 10,760 60 Jaa 25 118%Feb24 31%Jan 65% Nov
109 120
•101 125
100 Jan 18 180 Feb23 77 Jan 105 Deo
110 120 O Do pref
5
34 Mai
34 Jan 28
Nov
1
1
3 Jan 3
1
Standard Rope A'rwine..
1 ,600
1
%
%
8934 91%
91% 94
09
92
97 14 renn. Coal, Iron <fc RR... 127,460 68 Jan 25 9734 Feb 23 3l%Ma> 77% Not
91%
42
•41% 42%
41% 4134
42
42
43
3,400 37% Jan 31 43 Mar24 25 May 39% Nov
Texas Pacific Land Trust
13
3 % Aug 13% Not
9
li% 12% 1334
13,40(1
Jan 25 ll%Mar2o
12% 13%
13
nion Bag <& Paper
13%
77
77
Tan 10 79 Mar20 46 Feb 76 % Not
945 68
78% 78% U'Do pref
31
32
6% May 20% Deo
31% 32%
30% 32% 31% 32% U. S. Cast 1. Pipe & Foun. 25,8(10 19%Jan 8 33%Marl4
8834
87% 89% 87
87% 87% 88
2,250 79% Jan 3 90 Fob 28 40 Mai 81% Deo
Do prel
S8
128 132 •126 132
100 Feb J 128 Not
20 120 Jan 9 134 Feb
}128 128
127 131
United States Kxprews...
6% May 2034 Deo
13% 13% 12% 13
2,400 ll%Mar 8 14% Jan 16
12% 133f.
12% 12% United States Leather
1<'4
103% 103 'f
104% 101% 104% 104 % 105
2,100 00% Jan 10 O634 Feb 16 75% Jau 106% Deo
Do pref
94
94% 94% 91
89% 93
9.5
93
U 8 Realty & Iniprovo'nt 6,100 77 Jan 4 98% Mar 10 43 J'ly 84 % Not
41
40% 41% 40% 41% 41% 43 Unit6<l States Rubber
13,400 8834 Jau 8 44% Feb 20 10% Fob 34 % Deo
41%
4,40(r 98% Jan 6 16
Feb 18 41 Jul 100 Deo
111 111% 111 11134 110% HI
110% 113
Do pref
33->4
8% May 33 % Deo
3334 35
355,(19(1 28% Jan 25 37% Mar 13
35
36
343,
:-;4% 35"|. United States Steel
•4
9334 943,
97% .MHrl3 61% May 95% Deo
209,721 91% Jan
94% 95
93% 9434
Do pref
94% 95%
;-;4%
Jau 3 2234 J 'ui- 44% Deo
4,4(iO 82% Jan 25 39
34
33
34 ', Virginia-Carolina Chein..
35% 34
34
34
Feb 20 97% Apr 116 Not
108 108
1,216 103 Jau 28 10
107%107% 107% 107% 108 108
Do pref
18% Sep 44 Not
4534 47
46
4,025 40 Jan 7 52% Feb 24
47% 49
46% 47% 48% Virginia Iron Coul & C.
250 260 •250 260
35 Jan 8 260 Feb21 «200 J'uo 2oO Aug
Co
260 2tiO 250 200
Wells, Fargo <fc
93% 93% 92% 93% 92% 9234 92% 923,
2,ii6 92 Jan 17 95% Jau 4 85 May 94% Deo
est'n Union Tele'gpli
1,400 76 J an 25 133% Jan 16 153 Mtt^ 185 Deo
181 181% 180 180
180 180
lbl% 18234 West'gh'se El A M Ig asseu
-192 200 •I HO '^00 •190 200 •190 200
100 "0 Feb 28 193% Jan 17 180 Ant 198% Not
Do Isturnf
100%Mar21
37
97
:
2.''
(
-'4
'4
}<
<-.
i
BANKS AND TRUST COMPANIES— BEOKERS' QUOTATIONS
Banka
Mia
T7nlted
96
Waali.H'ht8l 230
WestSldell.. 576
JTorkvUleli
Ask
..
400
Bid
lillllJlS
Mcclmnicsll
.
BBOOKL,T.<«
120
326
625" Merchants'.. 180
890
290
North Sidoll. 271
Pcople'sli
290
Prospect PkT 135
17Ui Wardli. 156
Sprague
230
Stuyvesanti 190
360
Na.snuu
Nat City
BoroughH
Ask
IVual Coo.
Hid
Ask
800
300
CITY
Hankers' Tr.
N. T.
4<35
HowrgGrecn 216
220
Broad wayTr. 165 175
680 696
2210
C'lR'tylJifc'l'r
Central 'lY'st
TrUHt Vo'n
Bid
Ask
Farm Lo A Ti 1470 1490
.•.95
Fifth Ave Tr 585
imoOKLVN
Guaranty Tr 690
(Suardlau Tr 205
Knick 'rb'k'r '.80
705
..
490
990
710
North Amor. 295
Heal Est Tr't 825
StaudardTr't 390
TitloCiu
606
<Si.'Vr
Ask
Am.
515
303
410
(;7l>
Tr Co
Lincoln Tr... 540
Manhattan
Bid
TruMt Co'n
Trust Co'8
BrooklyuH
..
Ask
of
U nion Trust 11500
580
USMtg&Tr 510 525
Unit StaWis 1500 1580
Van N'llonTr 290
Washington. •140
BIIOOKLTN
Brooklyn Tr 410
210
Flalbush
833
Franklin
340
Hamilton
475
Kings Co
L Isl L&Tr. 295
205%
Nassau
331
People's
Williams b'g. 230
Mercantile ..
135
190
Morchauls'.. 160
City Trust... 1UV2%
14(5"
130
Metropolitan t<i3934 1645
Colonial
3^15
895
Cou'yI&BBI 146
MortonTrust 900 926
Coniiiionw'tli
95
105
riral
376
Windsor
186
195
Mut.AUiauce 205 215
Unlonll
155
Empire
240
MannfnctrH'. 365
Wallaboutii
160
Eguitablo Ti 1650
N Y l>lfe<fcTr 1075
• Bid and asked pricoB; uo sales ou this day.
Kx diviuoua auil nguts.
< Krj-Klits.
Cr riglits. c Ex dividoud aud rights
i Loss than LOO snaro-t.
1 Uale at Stock Kxchange or at auction this week.
Ex stook divlduud. J rrti.st. Co. cortiaciios. 'J Uanics lu^itkoJ with a parasrapb
Broa<lway1i.. 300
Bid
New York Tr
.
t
436
360
360
316"
240
.
(H)
aro Stat*
baaxt
New York
Exchange— Bond
Stock
Record, Friday
Weekly and Yearly
OCCUPYING FOUR PAGES
BONDS
Weel^a
Jiange or
Last Sale
JPriee
stock exchangb
Wbkx Enuinq March 24
Pridav
MarcU 24
n. t.
Ask Low
Bid
U S 28 consul regi8tered.dl930
U S 28 oonsol coupon dl93U
fcl91.'S 38 registered
fcl915^
V S 38 coupon
bonds.. /cl 918
V S 38 reg small
U S 38 cou small bonds. ./cl918
A1907
U S 4s registered
/i.1907
U S 48 coupon „
1925
TJ S 48 registered
192;i
U S 48 coupon
IT
IO4S4 104 'e IO5I4
10514 SaJf I0514
Q-J
(J.J
q.j
Q-J
10«
110
Foreign Government
Japanese Govt Cs sterl'g.l911 A-0 10 1 7b Sale
full paid
2d series 6s ctfs
Bepub ol Cuba
5s exten debt..
Mexico 8 K OS
Speyer <& Co ctfs 48
!s
of
t
or 1H9'.'
100 bale
105 '6 Sale
M-b
lOlia
991*
105
y-J 'lOOia
1954
'i'-i
stock exchange
^-< January 2
Week Ending March 24
Ho Low Uxyh Central ot Ga— CC'cmtinueri;
Ang'04
IO5I4 10538
101 la 104 k'
104 1051a
1053s,
104 12
335
lOO't 77*
94ial03i2
90 ^ loo >4
11, IO3I4 108
10512
101 't 3li tlOO lOlij,
94 's. zOl 9334 94 "e
103
94^6 Sale
94 Is
3
1u$e are yr ices Q n tlu U
a-fts
State Securities
Alabama
Class
Class
class
B 5s
A 4 to 5
J-j
j-j
190U j-j
1920 J-J
1924 F-A
190(i
190li
C 4s
Currency funding 4s
Dist of Columbia 3-658
99
1021a Mar'02
106
Mar'02
11934 Oct '04
11 1
118 Hj.
103 Ha.
102
131
Louisiana new consol 48. .1914 J-J
North CaroUua consol 48.1910 J-J
1919 A-O
6s
1933 J-J
So Carolina 4^28 20-40
Xenn new settlement 3s. .1913 J-J
J-J
Small
Virginia fund debt 2-3s...l991 J-J
68 deferred Brown Bros ctfs.
101 la Jan '05
109 14 Oct '00
lOl^i
101 13
.
.
96
9312
9618 96^4
12
'......
96
95iaLec'04
97 Mar'05
12 Mar'05
96 14
97
12
971.
IS'8
Albany & Susq Hee Del & liud
100 Sale
104»8Sale
Q-J
A-O
A-O
'102
104
xVov
961a 97
Registered
ftl995 Nov
A1995 M-N
Stamijed
Debeii lures 48 Series D.1906 F-A
Series E
J 907
Series ¥
1908 F-A
Series G
190t< F-A
Series
1910 F-A
Series 1
1911
Series
1913
W
NW
M
981a
98«t.
101 Sale
142
130 111
11538
II514
98 >«
98
J-J
J-J
J-J
Q-J
951-^
A-O
Q-J
M-S
.VI-
;i.l92o
&
M&
&
Beech Creek SeeN Y C& U.
Bellev & Car See Illinois Cent
Bklyu <fe Montauk See Long 1
BriuiB <fe West See Atl Coast L
Bullalo
Y Erie See Erie
Bnflalo B & P gen g 5s... 1937 M-S
AU&
&
C1& MahlstgugSs
1943 J-J
F-A
& Pitts Ist g 6s... 1921
1922
Buttalu & Southwest See Erie
Buit & Susq l8t ref g 4s.dl951
Bur Cedar B & No Ist 5a. 1900
Con Ist & col trust g 58. .1934
Begistered
1934
C B I F<fe N Wlstgu 58.1921
M & St L Ist gu g 78.. ..1927
Boch
Consol 1st g 68
C\anada South IstSs
'2d 5s
Begistered
J-D
J-J
J-L
*99
A-O
A-O
I20I3I23
A-O
lulSs
ioi"
ioi'ii
125 1« Nov'03
112»8Jan'04
114i4 0ct '04
93 J'ly'04
9734 Oct '04
95%
M
113 14
99
1023f.
Mar'06
10238 1023b
1211a 1211a
I2OI2 Mar'Oo
1121a Sep '04
I0312 \Wi%
106% 106 Mar'Oo
1051a 107 J'ly'04
103 la Sale
105-'4
'
<fc Shawn
See 111 Cent
Carolina Cent See Seab Air L
Carb
Registered
General gold 4s
Registered
Ist & refunding g 4s
102 la 104
1C5»6109
Carthage <fe
ife
Cent
ol
Ga
BB
g 6s..;?1945
Consol gold 08
1945
Begistered
1946
Ist pref income g 5s
pl94i
2d preJ uicome g 58
^1946
3d pret income g 58
pl945
1st
J-L
F-A
ii-rj
Oct
Oct
Oct
Jan '05
94
94
112
Feb '05
110
112
121
Mar'Oo
121
28 113
121
94
9414.
*110
118'fel22
115 Sale
114
115
107
93
92
71ii 71
66
55
92
71
115
A-O llllQ
J-J
J-J
M-N
FA
FA
FA
J-J
Mar'05
86 14
IOSI4 10934 109iaNov'04
Feb'05
lOO'-.i 106
110 111 llOiaMar'05
92 12 9214 Mar'05
92 14 Sale
92 14
921a
89
Saio
8834
74«8
52 la 62
65
lllia
93
90
07
711a
"ri
12 108 13 11234
181 S3 '4 86=8
89
J-J
AO
9913.
J-J
J-J
J-J
iocj" ibti
IIOI4 113'4
92 14 93
--i
9213
96I4
87
91
99 la
104 la.
•95
J-J
F-A
118
118
Friday; latest price Oiia week.
991a Feb'05
95 J'ne'OO
953, Mar'05
109 Mar'98
11513
115
115
II8I2 1181a US'-.;
II914 118=8 Mar'05
aDa«Jaa
rf
Due Apr
98
OS's 953t
115 1203t
II714II9
Vii 12134
«
1917
1988
1988
1934
Coll trust Series C 48 .. 1905
H4B
1910
M4S
1915
N 48
1910
O 48
1917
P48
1918
Chic R I & Pao RB 48. .2002
Registered
2002
Coll trust gold 53
1913
Choc Ok <fc G gen g 5s .oiolit
Consol gold 5s
1052
Des x\I <fc Ft D Ist 2 las.. 1905
Keok & DesM Istos
1923
J-J
J-J
J-J
A-O
M-N
M-N
M-N
M-N
iVi-N
M-N
M-N
MN
M-S
11214
102
97
134 13634
13314I351U
Feb '0
11314 Mar'05
135
"a
11234 11314
10334 10419
lo 10134 102"^
1181a
117
106
103
113
10712
HI
Feb'05
111
la
II914
96
86
8334
Oct
106 12
Apr'Ol
Mar'05
10534 110
113 113
loiSglOSVa
97
981a
II3I4II314
8
49
Apr '02
10434 Apr'0(
10134 Mar'05
963*
97
961s Feb'05
10534 Aug'04
11014 Jan '05
103=8 Mar'05
108 '4 IO8I4
1061a Feb '06
10034 i'eb'04
1051s
104
llOig
130 13014
120
I32I4
,
132
101
106
,
,
1231a
12212
10014 Salt
,
8634
80 12 83
951a
96i«
102
97 '4
9618
IIOI4 11014
103=8 103a8
IO6I4IO8I4
1061a 1061a
108
107
1113« 112
106i8Mar'()5
137 Feb'05
105 106 1«
1331a 137
11834 121
llOialigia
Mar'Oo
119 la Mar'Oo
117 Sep '04
Mar'05
Feb'05
109% Feb'05
187 Mar'05
135
115
134 137
115 1151a
1091210913
178 187
109341101a
112 113'8
llOia Feb '05
113'8 113^8
10911 J'ue'u4
9818 Jan '05
98i«
U6ia Apr '03
U9I2 Feb 05
9818
117 "a Mar'05
112 Mar'Oo
11913 1191a
110 llOSf
116 I1719
112 112*8
1371a J'ly'99
llSia Mar'05
11434 117
11034 Feb'u5
106
184
113
Aug'u4
184
Aug'04
10738 Oct '04
11034
11014111
109141091a
116l2ll5'8
11034
109 "a Feb'05
115^8 Mar'05
111^8
llOia Dec '04
117 .. .. 1161? Jan '05
128I4 Mar'o5
128'«
10434 106 ^a 1041a Dec '04
10258 May'04
100 14 101 IOOI4 Mar'05
103 Nov'98
119
116 Dec'04
116
117 Feb '05
11334 1151, 113
Feb'05
llOiaUS 107 Mar'04
105=8 107
106 Mar'05
104
104 Mar'04
II318
11314 Feb'05
Ill
10834 Jan '04
119
119 '^8 11958
II6I4 Nov'04
1181a
I0314
100 ig
8438
101
10734
10734
111^4 Mai'05
1203^
111
'04
10258 10258
97 Mar'Oo
1 13 14 Feb'05
95 12 Sep '04
8634 801a
86 iv
Sale
82
82
109 la
108H
11812119111
1023.,
116l8ll6l8
128 1291a
9912IOI
117
113
117
113
104ial06ia
1121311314
1173411959
104i2Nov'04
105 la May'04
104 •« Mar'05
10418107
10934 J'ne'04
130
130
129 14 130
19 14 Nov'04
1421a Feb '02
1311a Jan '05
1
103
109
1311a 131>3
Apr '04
Sep '03
I23I2 Mar'Oo
124 Nov'04
10614
loeia
122 >a 126
62 i6vl
Jan '03
98 130
9734
101 '4 Sep '04
97 J'ly'04
xdi"
107
'
9734'
salV
1,.
100=8
90'4
9434
943^
96
93
94
94 14
94 '4
90
81'
81^8 Sale
761-1
94
97"""9'9ii
May'04
May'Ol
Dec'04
May'04
82
Sep
212
81 H
83 14
'04
Sale
9313
94-'t.
11034 115
Mar'05
103''8Jan'04
06
93
110
"a
9738
11534
11210115
05
J-J
A-O
J'ne'9'.i
I07I4 Aup'04
13578 Mar'(;5
102
J-J
M-N
95
95
Feb'04
110
II034
Sep
'04
11034
11034 110^4
IJOM>S—Continued on Next Puae.
J-1)
Bway<fc7thAvl8tcg5sl94:: J-D
Col<fc9thAvlstgu g 5s.l99o M-S
•Mo price
86 14 Sale
111>2
8578
116>-^
J'ne'04
JUSCELLAKKOUS
Street RaiUvny
Brooklyn Rap Tr g 58
1945
lat refund conv g 48
2002
BkCity 1st con 58.1916, 1941
Bk Q Co& S con gu g 58.1941
Bklyu Uu El let g 4-58.1950
Kings Co El lat g 48
1949
Stamped guar 4s
194'.>
Nassau Elec gu g 4s . .1951
City <fe S By Bait Istg 5s.l92•Conn Ry<fe Llst&ref g4i28'ol
Den Con Tr Co lat g 58... 193;;
Dena'ramCo con g 6s. .1910
Met By Co 1st gu g 68. .1911
Det United 1st con g 4ia8.193'.
Lotus By Co lat con g58..193o
Met St By gen col tr g 58.1997
F-A
F'-A
M-N
Q-F
A-O
A-O
A-O
A-O
M-N
M-N
A-O
A-O
M-N
M-N
F-A
M-S
M-S
M-S
M-N
M-N
Des Mo & Minn 1st 78. .1907
MUw <& Madiaon lat 68.. 1905
North lUinois Ist 5s
1910
Ott C F & St Paul Ist 5s 1909
Winona & St Pet 2d 78.. 1907
12612 126'2
MU L S & West 1st g 6s 1921
12434 126
Ext cSi Imp sfund g 58 1929 FA
99 14
Ashland Div 1st g 68. .1925 M-S
98
Mich Div 1st g 6s
101ial0238
1924 J-J
Convertible deb 5s
1907 F-A
120 la 12112
Incomes
1911 M-N
Clue Rock Isl <fc Pao 68.. .1917 J-J
ugiaiigi-i
J-L)
190b J-J
1913 IVI-S
1913 M-S
Ad SeeH YV& U
CedBIaF&N SeeBCK&H
Cen Branch U P lstg48...194b
Cen Branch Ry See Mo Pao
Cen BK B of Ga col g 58 1937
99 14 99^4
11612
ligiaFeb'OS
100 la....
115 .. .. 103 Apr'97
12334 125
126 la Jan '05
126
126 Feb '05
West I8tg48gu..l99& A-O
J-J
M-S
M-N
A-O
Ao Low Migtk
10818 Mar'05
108
A-O 110
M-N U9i«.Sale
M-N 116 II8I4
M-S loeiaSale
M-S
J-J
J-J
JJigli
Fob '05
95
104
102
Since
January 1
....
Uen 313S...1950 J-J
(J
Pitts Clev
Tol 1st g 6s 1922 A-O
Pitts
West Ist g 48.. .1917 J-J
J P
Co certfs
Bat Creek
S See Mich Cent
N
96
99'-..
'04
99I4 Jan'05
101
106
82
1950 J-J
Registered
Chic B & Q— Ch & la D 58 1905
1922 F-A 102
Denver Div 4s
97 Salt
1949 J-J
Illinois Div 312S
1949 J-J
Begistered
J-J 107 Is
Gold 48
1949
Iowa Div sink fund 58. .1919 A-O IIOI4
1919 A-O 103=8
Sinkingfund48
Nebraska Extension 4s. 1927 M-N 108 1^108 14
1927 M-N 107
Registered
1921 M-S 100
Southwestern Div 48
Joint bonds See Great Nortli
1913 M-N 108
Debenture 5s
Han f& St Jos consol 68. .1911 M-S 112
Chic& E lU lata f cur 6s. 1907 J-D IO6I4
1934 A-O 137 140
1st consol g 68
General consol 1st 5s
1937 .M-N I20I2
1937 M-N
Registered
Chic & Ind C By 1st 58.1930 J.J 120
Chicago & Erie See Erie
Chic In <fc Louiav ref 68...1947 J-J 136 1361a
Befunding gold 58
1947 J-J •114
Louisv
A <fe Ch Ist 63.1910 J-J lObia
185
Chic Mil & St Paul con 7s 1905 J-J
Terminal gold 58
1914 J-J 11034 ilia,
General g 4s series A..el989 J-J 1 13 's Sale
Registered
el989 «-J Ill's
08
•J
General g 3ias series B.el989
116'4
Chictfe LSuDivg58....1921 J i
Chic & MoBiv Div 58.. .1926 J i Ligia
Chiccfe PacDiv6s
1910 J J 11034 lllSg
Chic& P WlstgSa
1921 J •J 117 IJ8I4
Dak& GtSog58
1916 J J 112 113
Far & Sou assu g 6s
1924 J •J 13213 133
Hast& DDivlst78
1910 J J II514II8
Ist 58
1910 J •J loe's
I& D Exten Ist 78
1908 J i 184 Salt
Lacrosse & D Ist 5s
1919 J -J li4'a
Mineral Point Div 58
1910 J-J W6^
So Minn Div Ist 68
1910 J-J 11034 111
10934
Southwest Div Ist 68.. ..1909
116
Wisife Minn Div g 5a. ...1921
Ist
951-.,
a4ia 96
Not'04
105 Sale 10434 105
103'% 1051a
MU & No lat L 68. ...1910
IO4I2 103 Mar'05
l8t consol 6s
1913
103 104 Is
109 Mar'05
105 llOiv Chic &Northw cons 78
1916
93i«
9314 93^6 93 Is Mar' 5
Extension 48
1886-1920
911a
100 101 100 14 lOOia 161 9914IOI
Begistered
1886-1926
92=8 Sale
59 92
93
General gold 312S
921a
1987
931a
9014 J'ly'02
Begistered
pl987
10712
Sinking fund 6s... 1879-1929
1051a Mar'04
109 14
108 Sep '04
Begistered
1879-1929
124 i27"" II912 Mar'04
Sinking fund 58.. .1879-1929
9S
98
98
Registered
1879-1929
98 14
93
100 Sep '04
Debenture 58
1909
Registered
1909
Debenture 58
1921
Registered
1921
Sinking lund deb 58
1933
Registered
1933
Mouou BIT 1st gu g 5s. .191'.! ^:i
Cen Ohio R 1st og4>2S.. 1930 M-S
&
Oct
99 la
Nov 'OJ
97
1st consol g 5s
al911
1939
1939
1992
1992
^^
1051a....
1041a....
1041a Mar'05
102 10238 102
I0214
N
96
gS^as...
Begistered
"o'i
112i2Nov'04
11234
W Va Sysref 481941 M-N
1925 J-J
SouthwDiv Ist
97
Aug'04
9934 Oct '04
99iaNov'04
99 14 Dec '04
99 12 Jan '05
M-N
931a 973b
94"% 98
99
9938
W
PLE&
9634
97^4
East OklaDiv 1st g 4s.. 1928 M-S
AUKnox<& Nor Ist g58.. 1940
Atlantic Coast 1st g 4s./i.l952
Charles & Sav 1st g 7s..l93e
Sav K' &
1st gold 6s.. 1934
Istgold 53
1934
Ala Mid 1st gu gold 58 192»
Bmns & Ist gu g 48 193*
SU Sp Oca & a gu K 48 191»
Atlantic <& Dauv Hee South Ky
Atlantic & Yadk See South By
Austin &
See Sou Pacific
Bait <& Ohio prior lg3i2S.192o
Registered
A1925
Gold 48
A194i?
Begistered
/tl948
Conv deb 4s
1911
3 ^281926
P Jun & Div Ist g
105
9738Feb'05
FA
FA
K
100
6 961a 100
16b 103% 105
lOJiaMar'O.'i
102 la 102 la
97
"i 9458 9734
97
96\ Sale
FA
H
H'
98^8
1041a
11258
lllia
135 '4 13612
134 ....
113'all4ia
FA
At Coast Line
Allegheny Valley 6'eePennKK'
Alleg <fc West See Bull B <fe P
A1995
Ann Arbor Ist g 4s
Atch T «fc S Fe gen g 4a.. .1990
1995
Begistered.
Adjustment g4s
/il996
110
58. .1921
Gold 6s
Ash Low
941a
<fe
Railway
Koilrond
Alabama Cent Hee So By
laba Midi See
Imp gu
Range
Week's
Range or
Last Sale
Friday
March 24
Bid
Le& Hud Bgengug5sl920
Leh & Wilks B Coal 58.. 1912 iM-N
^1910 Q-M
Con ext guar 412S
N Y Long Br gen g 48 1941 M-S
Cent Pacific See So Pacific Co
Chas & Sav See Atl Coast Line
Ches & Oluo g 6s aer A../il908 A-O
Begistered
General gold 4 "as
Begistered
0/ $5 to i.
Craig Valley 1st g 58. ...1940
B <fe A Div ist con g 4s.. 1989
lOlialOlia
1989
2d consol g48
Warm Spr Val 1st g58..1941
Greenbrier By Istgu g Is '40
Chic & Alt BR ref g 3s... 1949
105 >a Dec '04
103 14 Dec '04
1361a J'iy '01
120 Mar'OC
96 Mar'05
•^a;
Chatt Div pur mon g 4s. 1951
Mac & Nor Div Ist g 58.1946
Mid Ga & Atl Div 58. ...1947
1946
Mobile Div 1st g 58
Cent ol N J gen'l gold us. 1987
A1987
Begistered
Am Dock &
1051.2
105'* 105 ^s
132 »2 133
133 133
log's 110
Mar'05
Price
n. t.
Since
1041a 1047g 104i2Mar'05
104^4 1051. 105
105
107 J'ne'02
lO-liaLec'04
103 Si
104'% 105
1041a Feb '05
losing 106
1053g Jan'Od
132'% 133
1321a Mar'05
132^4 133
133 Mar'06
y-F
y-F
Q-F
Q-F
PbUippine islands 4s. 1914-34 Q-F
U
Migti
Government
U. S.
BONOS
Range
Dae
jJay
Met St
Street Itailway
Ry—fCoi^Ref g 482002
O314
LexAV<&PFl8tgug58l993
Tlurd A ve R R con gu 48 2000
Tlurd Ave Ry Ist g 5s. .1937
.Met W SKI (Chic) I8tg4s.l93»
Mil El Ry & L 30-yr g 58.1920
.Minn St Ry 1st con g 58. .1910
St Jo Ry Lt H<fcP Ist g 58.1937
102
St Paul City Cab con g 58.1937
113
,
n9'4
97
,
'^alfc
ll.S3j
95
90
'g
10734
,
931a 113 90ia 941a
Mar'('5
117 1201a
96^4
97'^ "so 94^8 97ie
llb3s Mar'05
llOiallSia
9338
117
95 Feb'uo
106 Oct '9!
106 la Nov'04
90
96
IOOI4
,
110
.
J'ly'04
Underground Elec Rys
of Lon
(ion Profit sharing 5s...l'J08
El (Chic) Ist g 5s..l94;i
Union
United RRs San Frsf 43.1927
United Rys St L 1st g 48.1934
Chic St 40-yr cons g 58.1931
W
9934 100
90 14 Sale
)-8'2 89
96
88
Gas and Electric Light
G L Co Istg 58. ..194, J-D
^ Due j ue AUuoJly >c Due .\bk oDue
99^8 IOOI4
109 13 Dec 'ill'
54
97
90 '<
88'% Mar'05
99 Dec '97
7(
87
90
14
8518
901a
883*
Atlanta
Oct
p Due Nov ^Option
8»1«
Bond Kecord— Continued— Page
1160
BONDS
STOCK EXCHANGE
Week Ending Mabch 24
Chic & St L /See Atch T Sa Fe
Price
N. Y.
^a:
Chic St
Cliio St
L & N O See lU Cent
L Pitts -See Penn Co
P M O con 6s.. .1930
Range or
Jiange
Since
Last Sale
January 1
Ask Low
Bid
<fe
Cliic St
Week's
Friday
March 34
<fe
Cons Cs reduced
to Sivs.l'JSii
j.r>
J-D
tfc
I37I2 138 Mar'Oo
94 14.
93 Dec '03
132i8NoV04
135
12934 Mar'U4
131
125^2 Feb'05
125 .
97 Mar'05
96
94^2 Sale
94 >4
115 Feb '05
113
&W
2d gold 412S
1937 J-J
Cin D & I 1st gu g 58. ..1941 M-N
Cin I <fe
Ist gu g 48.1953 J.J
W
L C i'ee C C C St L
Oln 8 & C See C C C St L
Clearfield
Mah See B K & P
Clev Cin C & St L gen g 4s 1993
8t
Low High
<fc
.
.
104i2Dec'03
113 Oct '00
118>2 119
98
118ia3alc
98
983.
9834
Feb '05
ifc
<fe
J-D
Cairo Dlv Ist gold 4s
M
CtnWife
St L Div
1939 J-J
Divl8tg4s.l991 J-J
iRt col tr g"4s..l990
Eegistered
1990
& Col Div Ist g 48.. 1940
Val Dlv 1st g43... 1940
CI St I. <fe G consol 6s. .1920
M-N
M-N
M-S
102Tg IO2I4
102^
IOOI4.
10034 Feb '05
lOOSg 100-V
9334.
1 02 's Mar'Oo
.102
100 Oct '04
.
M-N
10538
.
Feb '05
94i2-'i^"s'03
105 Jan '04
.../C1936 Q-P
fcl936 Q-F
Registered
CinS& CI con 1st g 5s.. 1928 J-J
lOlM
.
100
Bpr
WW
J-J
Ist gold 4s
CCC& I consol 78
1914
Consol sink fund 78
1914
General consol gold 6s. 1934
Registered
1934
Ind Bl &
1st pref 4s. 1940
1st pf 58...<tl938
O Ind &
Peo<fe East 1st con 48. ..1940
Income 4s
1990
CI Lor & Wli con Ist g 5s. 1933
Clev & Marietta See Penn RR
Clev & Mahon Val g 5s. ..1938
Clev & Pitts See Penn Co
Col Midland 1 St g 48
1947
Colorado c& Son Ist g 4s... 1920
Colum & Greenv Sti So Ry
Col & Hock Val See Hock Vai
Col Conn & Term See N &
Conn & Pas Rivs Ist g 4s. 1943
W
W
W
Dak&GtSo SeeCMcfeStP
aUas & Waco See M K
T
Del Lack & Western 7s... 190'
J-D
J-D
97
.
100
.
9934
llS^ilUiii 112
124 ...
123
J-J
J-J
134>2.
A-O
99"^
9913
Q-J
133^8 138
.
Coupon off
Westlnd?ene6a(?1932 Q-W
Mich .SeePereMarq
Choc O & GuU *ee C R I <fe P
cm H <fe D consol s I 73.. .1905 A-O lOC^
ChiCifc
I
N Y Lack
<fe
134
Ind Isicon gug68..1926
<fc So
See Ch M <fe St P
125% 125%
& Pere M See Pere Mar
86% 99
Fla C & Penin See Sea Air Line
87 8438 97% Fort St U D Co 1st g 4%s.l941
115 116
Ft
& Den C Ist g 68 1921
Ft W<fe RioGr 1st g 48... 1928
/ 4.al Har <fe S A
See So Pac Co
^ Tai H & H of 1882 1st 5s.l913
Georgia & AJa See Sea A Line
118%119
Ga Car <fe Nor See Sea A Line
98
99% Georgia Pacific See So Ry
(ilia V G <fc Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR
lOT
104
Gray's Pt Term See St L S
10034 100^4 Gt Nor—C B <fe Q coU tr 43 1921
98%1003j
Registered./!.
1921
10078l037g Greenbrier Ry See Ches & O
Gulf <&S I Istref &tg 5s 61952
9934 9934
& St Jo See C B & Q
Jan
W
Han
ousatonic
112
112
933,,
134
134
90
CoU Trust gold 4s
83
Registered
116%116%
76'i
7334
90% 94%
Mar'05
107^2
108
128>2l30
J-D
J-D
J-D
I3015
12S>uii'eb'05
130^4 Mar'05
130 Jan '05
129 14 130
12914 Mar'05
114'2J'ly'04
IO35& 103=^
HII4
Term <6 improve 48
1923
& N Y 1st 7s. .190li A-O 10734
^l^
Warren 1st ref gu g 3128.2000 FA
Del & Hud Ist Pa Div 78.1917 M-S 13438
Registered
1917 M-S
Albdfe Sus Ist con gu 78.1900 A-O 106
Guar gold 6s
1906 A-O 104 "o.
RenSffe Saratoga Ist 7s. 1921 M-N 14258
Del Rlv RR Bridge See Pa RR
103 Hi
Syr Bing
107
102
77
Mar'06
.
Des Mol & Ft D See G R cfe I P
Dea M <S> Minn See Ch <fc N
Des Mol Un Ry let g 5s. .1917 M-N
W
DetM&Tol SeeLS&MSo
Det & Mack let Uen g 48.1995
Gold 48
1995
Det Sou Ist g 48
1951
Ohio Sou Div let g 4s. ..1941
Dnlife Iron Range Ist 58.. 1937
Registered
1937
2d 68
1910
Dul 80 Shore <fe Atl g 58. .1937
L^astof Minn SeeStPM&M
Juaet Ten Va & Ga See So Ry
Elgin Jol & East 1st g 58.1941
Cort & No See Leh <fe N Y
Erie Ist eit gold 4s
1947
2d ext gold 5s
1919
3d ext gold i^a
1923
4th ext gold 58
1920
5th ext gold 48
1928
let consol gold 7s
1920
1st consol g fund 78
1920
Erie Ist con g 48 prior.. 1996
199i;
Registered
ist consol gen Uen g48..19yO
Registered
1990
Penn coll tr g 48
1951
50-year conv 4.s A
1953
Bulf N
Erie 1st 78.. 19H;
Buff<fe S
gold 68
190S
Chlc<fe Erie Ist gold 58.. 19H2
J-D
J-D
J-D
MS
A-O
A-O
149 Ang'Ol
104 14 Dec '04
1 04 14 Feb'05
142 12 Mar'05
102
101%
W
Jeft
KR
Ist
gug
OS
al90'.»
Long Dock consol g
68.. 1935
Ist cur gu 68. 1922
Imp 1st cur Os.. 1913
101%
10834 108 Feb'05
10912 10934 Feb'05
9934 Sale
9934
100
93
93^8 90
94
95%,...
d7
130
130
129% 129%
103
105
10634
107%
100
108
108
102
109%
110
98% 100
89
04%
Jan '02
104
110
97
96
83
93
100
97
84
93 Hi
Sep
'04
Sep '04
97
8I34 Mar'Oo
93% Mar'05
95
70
90
97
84
96%
J-J
J-J
114'%.
114% Mar'05
111%114%
M-K
nsh,.
117% Jan '05
117%117%
108»4 112
11334 ....
loaiu....
J'ne'04
11334 J 'ly '04
107% Jan
'05
133% Mar'05
13012
101
93
130
"2
102
H,
IOOI2
Sale
101% 103
133
92'e
137
Aug'03
101% 102
38 100
98%Jau'04
88
93 14 172
91
10334
93%
Nov'04
94%
9434
10734
94
95
109i4Sale
107% 107%
117%117%
110',
94% 97%
9534 111
J-D
J-J
1263*
26% Mar'05
126% 126%
105
105
M-N
A-O
A-O
M-N
123'-jl233,
Mar'Oo
23%Mar'()5
105
05
Coal&RR
Dock&
J-J
N Y & Green L gu g 53.1940 M-N
N Y Sus & W 1st ref 6s. 1937 J-J
2d gold 4'28
1937 FA
General gold 5s
1940
Terminal Ist gold 5s. ..1943 M-N
Regis 35,000 each. ..1943 M-N
IstgOs.lOlO A-O
WUkife Eal8tgiig5s.l942 J-D
Erie & Pitts See Penn Co
10
13534
116'-2l20'2
Feb '05
6% Mar'05
13
J'ly'(M
118
13%Nov'03
....
112
117
115
17
16
04
FA
MldRRoIN J
J-J
J-J
J-J
A-O
M-S
A-O
A-O
.M-N
M-N
J-D
J-J
F-A
F-A
J-J
J-J
Gold 3%s
1951 J-J
Registered
1951 J-J
Spring Div 1st g3%8... 1951 J-J
Western Lines 1st g 4s. .1951
Bellev&Car 1st 6s
1923 J-D
Carb<fe Shaw Ist g 48... 1932 M-S
Chic St L cfe N O g 53.. .1951 J-D
Registered
1951 J-D
Gold3%s
1951 J-D
Registered
1951 J-D
Memph Div Ist g48... 1951 J-D
St L Sou 1st gu g 48.. ..1931 M-S
Ind Bl & West See C C C <fe St L
Ind Dec &
Ist g 5s
1935 J-J
Istguargold 5s
1935 J-J
Ind 111 & la 1st g 48
1950 J-J
Int<fe Great Nor Ist g 68.. 1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921
Iowa Central Ist gold 58..1938 J-D
Refunding g 48
1951 M-S
Jefferson RR See Erie
Kal A & G R See L S <fe S
an & Mich See Tol & O
K C Ft S cfe
See St L & S F
FA
MS
116iv!
.
109i<i
Jan '05
Mar'05
Doc '04
10
Mar'or>
17% Jan "05
118
110
121% 123%
llO^B Sale
105
.
10934
Dec '04
lOa'eJau'OS
100 270
Mar'Oo
101%
98% 101%
99
llOSg
103
10534
110«ft
109
lllia
105
107
105% J'ly'04
100^4 Apr '04
.104
113 Nov'04
113 % Mar'OO
100% 103% 102 Aug'04
94 Mar'03
99 % Oct 'o;-:
70 Oct '04
107%....
107 Mar'05
102 ....
102 Oct '01
105% 105% 105 % 105%
lOlTg...,
101 Apr '04
105 ....
106 % Mar'03
947g....
96 % Mar'05
109 ....
123 May'99
86 Tan '05
81%.
85 Nov'04
96
105=8
104% 106
9434
10534
...
96%
85%
86
95% "96"
96 Mar'05
101 % Oct '99
100 Nov'OO
,
95%.
Nov'04
124%126% 124%Apr'04
Nov'98
reb'05
125%.
90
125
123
95
.
11934 Mar'04
.
93''8May'04
102
109%
107%
100
123% 125
110% 110%
110% Jan '05
103% 103 Nov'04
Mar'04
106
107% Dec '02
Sale
100
100
99»8l00
122%
122% Mar'05
101% Sale 101% 101%
75
77
121
100
Mar'Oo
75
7038
114%11536 115% Mar'05
122%
103%
81
114%116
86% 85% Mar'Oo
85
I
cfe
85% 88
W
N
Hud R See Cent of N J
WUkesb See Cent of N J
cfe
cfe
J-J
J-J
1938
1922
1932
1949
1934
1949
Uuitied gold 48
Debenture gold 5s
Guar
ref gold 4s
Bklyncfc
l8t5s
Mont
H
<fe
118% Mar'05
113%.
11
Feb '05
A-O
A-O
119%
110%
119%11908
J-J
113
MS
97%
M-S
A-O 108%.
A-O 106%.
1919 J-D
99
110% 117% 117%Feb'05
100%
117% 117%
10134 Mar'05
105 Jan 'Or.
101%101»4
105 105
99% Oct '04
100% Mar'05
100% 103
M-S 101%
96
J-D
M-S 101%
J-D II314
AO
99
106% Nov'04
J-D
MS
110%111%
119«8Jan'05
109% Oct '99
108 Dec '04
99 Jan '05
1
02
110
J'ne'04
101%
Sale
102
161
100
Mar'02
112
107% Sep
'04
109
Nov'04
10534
Fob '05
121
121
119% Feb'05
103
"2
114»8
99%
Sale
,
101% 10334
105% Mar'03
103"-..
I01%j'ue'04
11 4% Jan '05
1940 J-J
Os
117% 11934
11288114%
117% 120
4% Mar'Oo
120% 120
Ist g 68. .1911
1911
Nash Istg
75%
108% 10939
J-J
J-J
1931 M-N
5-20-yrcol tr deed g 48.1923
E
72
10938
109=8 logi^
1107811134 111% Mar'Oo
101%
105 Jan '04
M-N
/il931 O-J
General gold 48
Ferry gold4%8
Gold 4s
251
Oct '00
11839.
A-O
Leroy cfe Caney Val See Mo P
Long Dock See Erie
Long Isl'd— 1st cong58./il931 Q-J
1st consol gold 4s
73%
73
63
P
Knoxvllle cfe Ohio See So Ry
Lake Erie cfe Ist g 5s. .1937
2d gold 5s
1941
North Ohio Ist gu g 58.. 1945
LSho cfe Mich S See Y Cent
Lehigh Val (Pa) coU g 58.1997
Leh Val N Y Ist gug4%s. 1940
Registered
1940
Leh VTer Ry Ist gu g 58.1941
Registered
1941
Leh V Coal Co Ist gu g 58.1933
Leh cfe N Y Ist guar g 4s. .1945
Registered
1945
El C cfe
Ist g l8t pf 68.1914
Gold guar 5s
1914
Leh
Leh
72% 73%
1950 A-O
N
Coll trust gold 5s
109% 109^8
104% 105%
M
Registered
111'*,
11034
105%
87%
Mar'05
105
M-S 108
M-S 103% 104 '8
N Y BcfeMBl8tcong58l93!) A-O 116
N Y cfe R B Ist g 58
1927 M-S 100%
NorShB 1st con gguosol932 Q-J 112'4
117 117
Louisiana cfe Ark Ist g 5s. 1927 M-S 106
114% 116
Louisv cfe Nashv gen g 03.1930 J-D 121 Salt
Gold 5s
1937 M-N 120
109 111
Unified gold 48
1940 J-J 103% 103 Hj
117%117%
105
13434136%
9934
9334
85
M
N
114
133>i2
J-J
J-J
J-J
J-J
FA
Nrov'04
116'2ll7l2 117% Feb'05
104^4
103 Feb'05
M-S
A-O
<fe Tex gold 48 ...1953
Registered
1953
Cairo Bridge gold 4s
1950
Louisville Div gold 3 %s. 1953
Middle Divreg53
1921
Omaha Div 1st g 38
1951
St Louis Div gold 3s
1951
Registered
1951
Registered
117
MS
LNO
Kentucky Cent See L cfe
Keok cfe Des Mo See C R
115"4ll7>-.2
M-N
M-S
M-S
A-O
J-D
105
J-J
W
104% 104%
142% 142%
Sale
»4
100%
KCcfcMRcfeB SeeStLcfeSF
Kan C cfe Pacific See M K cfe T
Kan City Sou let gold 38.. 1950 A-O
Blm
Y&
110%
128% 128%
130% 130%
108
Feb '03
13334 Mar'04
.
101
108
3%s
73
94
AI-S
J.J
1951
1951
1951
1951
1951
1952
1952
Ist g 3%3
Ist gold 33 sterling
75 14
M-N
1
Pac Co
Registered
9834 100
93
Saie
99
*
W TexSee So So Pac
See
Registered
A-O
1936 J-J
Improvement gold 58...192^ J-D
Bio Gr West let g 43.... 1939 J-J
Consol and col trust 48 1949 A-O
Utah Cent Ist gug 4s ol917 A-O
Bio Gr 80 gu See Rio Gr So
<fc
Extended
75 14 Sale
Q-J
Illinois Central 1st g4s..l951 J-J
lie's Jan '05
Consol gold 4I2S
Houst E
1st gold
J-J
F-A
Since
January
108% 112%
111
87% Feb'05
.105% 105%
A-O
N Y N H& H
Houst&TexCen
Feb'05
n9h
W Ist 68.. .1921 FA
J-J
1923
M-N
See
Sale
88% 90
Registered
1999 J-J
Col <fe H V 1st ext g 4s. 1948 A-O
104>aNoT'01
.
Ill
J-J
Hock Val l8tconsolg4%8. 1999 J-J
'05
J-J
Apr
^1
Mar'9S
105
110
J-J
J-D
W J-J
Dec '04
AC
Kange or
Last Sale
Bid
Ask Low
High Ao Low High,
123% 124%
J-J 123%.... 123% Mar'05
A-O 10738---- 106 Oct '04
A-O 110 116 112 J'ne'02
A-O 106%.... 104 Oct '04
J-J 114 .... 114 Feb'05
11334 114
.
100 Mar'05
82
81
112^2 Feb'04
Bange
Week^s
Price
Priday
March 24
-1^
F'^argo
lint
Nov'04
99 100
81 •^a Sale
116
A-O
Construction 5s
Denv& R Grist con g 48.1936
H
<fe T
Ist cons 63.1921
Ist general gold 58
1942
Mt Vernon Ist gold 6s.. 1923
Sail Co Branch 1st g 58.1930
&V&
<fe
Morris <& Essex Ist 78. ..1914
Ist consol guar 78
1915
Registered
1915
Istref gug 3112S
2000
BONDS
STOCK EXCHANGE
Week Ending March 24
N. Y.
Evans
Chicapo Ter Trans g 48. ..1947 J-J
C
/fo
<fe
Ch St P & Minn Ist^es 191>; M-K
Nor Wisconsin Ist 6s...l93<i J-.J
St P
S City 1st g 6s...l91i> A-O
Chic
Jiigf)
Vol. lxix.
2
100
114% Jan
'05
104% 106%
119
117
121
119%
102% 104
114% 114%
98%100'%
114%114%
lUlSt;KLI.^VNEOUS ItONDS—Continued on Next l*a»e.
Ctaa
and Electric
laslit
Bklyn U Gas Ist con g 5s. 1945 M-N 116%117
Buualo Gas Ist g 5s
1947 .\-o
72
73
Consol Gas conv deb 68
1909 J-J '182 184
Gonsum Gaa See P G cfe C Co
11634Mar'06
72
72%
182
182
Detroit City
101%
Gasgos
Det Gas Co con
l.st
g
1923 J-J
5s. ..1918
Ed El 111 Bkn See K Co E L cfe P
Kd E 111 SeeN V G E L H (fc P
Kfj G LN Y 1st con g 5s.. 1932
Eq G cfe Fuel See P G cfe C Co
Gascfe Elcc BergCoc g58.194'.>
»en Electric ilub g :i'%8..1942
Gr Bap G L Co Ist g 58.. .1915
Hudson Co Gas ist 08..1949
Kan City (Mo) Gas Ist 5s 1922
Kings Co El L cfe P g 58.. .1937
Porchase money 68
1997
FA
101%
Sale
102
105
J'ue'03
112
Nov'03
cfe
ar
i;
M-S
111
61 % Oct '01
89% Mar'06
J-D
F-A
FA
]()7''.,
MN
110%.
A-O
A-O
A-O
108
Doc '00
109 12 Feb'05
100 Oct '04
(linN nnd Electric i..iKl>t
LaoQft8LofStLl8tg53.el919 Q F
.100% IO9I4 109%
MUwaukee Gas L l.st 48. .1927 M N 9234
92% Jan '06
73
70
Mut Fuel Gas Co See I'cop Gas
174%187'4
N V G E L 11 cfe P g 53. ..1948 J D 111 111^, 1113^ 111%
•.14
Purcliase money g 4s... 1949 F A
94% 95
94%
100 102%
03 VI 04 ^V 103% Mar'05
1m1 K1 111 l.st conv g 58. .1910 M S
1995 J J 118'4
iBl coii.sol gold 08
118% 118%
NY.t(iKI L.tl' lHtcong58l930 V A 105 106 Hi 10(!3^ Mar'Oo
100 Mar'04
N Y cV; Rich (i.is 1st g 58.1921 M N
Poo (ia.s cfe C Iht con g 08.1943 A
126%
127% Feb'05
Refunding gold 5s
1947 M S 107
10634 Deo '04
CliGLcfcCkelstgug5s 1937 J J 109 110 110 Feb'OC
89% 9134
108 '4 Fob'05
Con G Coof Cli iHtgu g58.'3() J D 108%
Kq G cfe F Ch lat gu g (is. 1905 J J 101'4
100% Jan '05
109% 109%
Mu Fuel Gas Istgu g 5s. 1947 M N 107 Sale 107
107 % 42
116%117
1
.Syracuse Lighting Ist g 58. '51 J 1)
Trenton G cfe Kl Ist g5«.. 1949 M 8
Wcstcliester liighfg g 58.1950 J D
108%109%
92% 92%
110
94
111%
9734
103% 106 34
118%118%
105
108
125
127%
108
lift
107% 110
100% 100%
106%107%
100
llOSg 1103^
6 110% 112%
110%
126% Sale 126% 126% 12 125"' 127"
KdKlIlHkii iBtcou g4a 1939 J-J
111%11S
111%11334 113 Jon '05
97
96 M Oct '04
Mo ]^rloe fridar; lateat bid and asked this week. aDneJau {>DuoFeb UDueApr eDueMuy ADaeJ'ly /cDueAng oDuoOot cDueDee fOvaoaaal*
'
Mar.
Bond Record— Continued— Page
25, 1905.]
BONDS
Wee A;'
Price
STOCK EXCHANGE
Wkbk ending Mabch 24
or
Last Sale
Low
Did
Ask
Nashv—f Continued J
l,Ciii& Lexpol(14i28...1931 M-N 1091a
1930 J-J 130^4
N O & l8t eold 6s 1930 J-J 1261a
N O & M 2(1 Kold 68 -.1920 M-S 112 114
PensacolaDiv gold 68.
1921 M-S 121
St L Div Ist gold 68
1980 M-S
2d gold 38
Loaisv<fc
M-S
100
108
M-S
96^8 Sale
J-J
F-A
F-A
F-A
SeeOl&l,
M
8
Se« L S &
Mahon CoalRycon8ol48.1990
anhattan
1990
Eegl8tered
1908
Metropol El let g 68
Coloniz g 5s. ...1934
ManSW
A-0
A-0
9678
106'% 107
105 Dec'04
lOe^g Sale
11514116^2
21 I05'fel07
107 14 Mar'05
J-J
ibe'i^iofii
McK'pt & B
Colltr
off
g4^8l8t
Ser....l907
77I9
73
75 Jan '05
AG
FA
MS
16
95
16
22I3 261a
14
IT'S
95 14
15
2434
16
"241^ "ii
95 12
20
94 Vi 98
90*8 J'ly '01
Ueilnternatlst con K 48.1977
1977 M-S
S tamped guaranteed
Itf ex North l8t gold 68.. ..1910 J-D
M-ich Cent SeeN Y Cent
Mid of N J S««Erle
May'UU
105
Deo '03
Jan '05
122»,.
122 Feb'05
11314
11314 Mar'05
II712 11734 Jan '05
964, 96 Mar'05
142
.
A-O
J-D
M-N
M-S
Minn Un
M &M
101
J-J *'9968!
103
W
M
,
MS
J-D 1071a
M-S 105 la 107
M-N 1061a
M-N I2518
M-S 107 Bale
la
90
99
101 la
10034
IOII4
IO6I4
86
107 Hi
9034
May'05
85
105 14 Deo '04
95
95
111
IO834
la
3i 100ial01i4
6(1
85
871a
81 103341071a
9034
87
4
Jan '05
Mar'05
9438
111
95 14
1111-2
10478 10834
ioi 106
106
107
1091a
107 la Feb '05
1071a IO715
104^2 107
1061a Mar'()5
10658 Feb'05
1051a loe^s
125
125 14
123 1251a
107
107
10634 11038
M
108
108^4 107 >a Mar'05
95I2
97
951a
J
107
....
J
10414....
104
IO414
117 1171a 117i4Mar'0.o
119'2 11834 118^4
F
F
F
A
A
110
109^4
95 'a
963*
9578 Sale
96^4 Sale
lOlia
II314
921a
97 la Sale
J
M-N
M-S
J-J
J-J
J-J
128
126
96
J-D
Q-J
M-S
F-A
Q-F
97
130
97
93
Sj
J-J
104iall0
Mar'05
Oct
IO4I4
II7I4
103
117
9618
97I4
97 1.^
12838
A-O 115»4
Jan '03
12134
109«8Apr'04
124 Feb'05
120 Mar'05
108
IO6I4 J'ne'04
124
120
124
120
105 ig Mar'05
105
4 105 1«
1154 Sep '04
119=8 Feb '05
119
119=8
1064Nov'00
100
75
103
....
....
118
.
10038
11934
J-J
1051a 107
96I4 M»y'04
11334
Jan '02
1074 Feb'05
10741074
10534 Mar'05
A-O 1051a
A-O
1044 106
101
Contin'talClstsf gu58g.i95'J FA
Gr Riv Coal& C Ist g 6s.. 1919 A-0
Jetf& ClearC& I lstg58.1926 J-D
2d gold 58
1920 J-D
Kan<&HC<fe C Ist s t g;.8.19.")l J-J
Pleas Val Coal Istgsf 58.1928 J-J
Tenn Coal gen .'is
1951 J-J
Tenn Div Ist g 68
al917 A-0
Birm Div Ist consol 68. .1917 J-J
Cah C 1*1 Co 1st gu g 68.1922 J-D
FA
MS
J-J
127
110
con g 08.. 1937 M-N
N H & Derby con g 58.. 1918 M-N
1905 J-J
N Y& N E l8t7s
N Y & North See N Y C & H
N Y O & W rel Istg 48..ffl992 M-S
Regis $5,000 only
^1992 M-S
N Y & Put See N Y C & H
Y & R B See Long Island
N
N Y S W See Erie
N Y Tex & M See So Pac Co
Nor& South Ist gSs
1941 M-N
Norf & West gen g 68
1931 M-N
Improvem'tife ext g 6s.. 1934
New River Ist g 6s
1932
<fe
Ry Ist con g 48.1996
Registered
1996
Div'l 1st life gen g 48... 1944
PocahCcfe C Joint 4s.. 1941
CC<feTl8tgiig5s
1922
Scio V <fe N E 1st gu g 48 1989
North Illinois See Chi <fe
North Ohio See L Erie &
Nor Pac Prior Uen g 4s. .1997
Registered
1997
General lien gold 3s
a2047
Registered
o2047
St PaiU-Dul Div g 48.. ..1996
Registered
1996
W
N
NW
Mar'04
131S4Apr'03
10178 Nov'04
104
Sale
IO4I4
104
103 4 Jan '05
13 IO314 10638
1034 103 V»
111
1121a IIII4 Feb '05
133 4 Jan '05
13341334
13334
131i«
F-A
C B & Q coU tr 48
See
Gt Nor
St
132
99 14
J-J
96>4 Sale
J-D
109
Mar05
96^4
"bs'i^
97 4
104
J-J
M-N
IIII4IIII4
Dec'04
A-O 132«8l40 1324 Doc '04
IO3I4 103
104
A-O
9934 J'ne'04
A-O
.'.'".';
W
—
Ore RR & Nav See
Ore Short Line See
1207gl2158
11578 U7
119 119
106
105
93
1094 Feb'05
1024 102 4
Sale
11 100
1044 Feb'05
Q-J
Q-J
106
103
Q-F
7634 Sale
7634
77
15^ 7634 75 Feb'05
100 Sale 100
100
n
10438
97 100
9734
95
109 41094
102 103
10434 IO6I4
106
104
76I4
105 14,
78
75
100
101
126
126=8
7634
J-D
FA
12538 127
llOHj
llS-a
llO^i
Q-F
F-A
A-O
J-D
Q-M
100
126
132
108 109
9979101
Jan '05
ii's" iieVi
II8I4 Feb'05
118I4 118I4
113i4Feb'0o
9214
11513
J-D
A-0
Feb'05
Feb'05
Aug'04
11314I13V
109
101
94
116
101
J-J
126
J'ly '99
11214 J'ly '03
11738 119
1131a
Un Pao
Un Pao
NYC
NW
17
811a
100
Registered
1921 J-J
Guar 3^28 coll trust reg.1937 M-S
Guar 3 las colltr ser B...1941
Tr Co certtf's gu g 3128.1916 M-N
C St L <fe P 1st con g 58.1932 A-O
Registered
1932 A-O
8318
Sale
9914
1003*
9934
10018
99'8 10034
9918 10013
10034 101^4
100 la Mar'05
101 1*
101 14
99 Dec '02
,
101
99iaNov'02
91=8
90I4 Mar'05
91
90
'
90 14 Sale
89
90
90
89
93
9034
89
89 14 911a
89
89
106131074,
9034
904
Mar'05
1071a Feb '05
102 Mar'04
IO718
IO418
110
911a
98^4
91
A-O
M-N
F-A
95
N&C
. .
9934 May'04
91 13 Sale
J-J
1942
1948
1950
Erie<fe Pitt8gug3ias B.1940
Series C
1940
Bdge gen gug4ias 1945
P C C <fe St L gu 4 las A. 1940
Series B guar
1942
Series C guar
1942
Series D 48 guar
1945
Series E 3 la guar g
1949
Pitts Ft
& C Ist 7s. ..1912
2d78
1912
3d 78
/i,1912
Penn RR Ist real est g48.1923
Consol sterling g 6s
1905
Con currency 68reg...^l905
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 3ias
1912
Series B
Series
348
Series D3ia8
117«,
Apr '02
1121a 114 v. 115
1946 J-D
Mo
See
Pac
Ist s fund g4ias.. 1917 A-O
Sink fund subsidy g 6s. .1910 M-N
Penn Co— Guar Ist g 4ias.l921 J-J
Panama
II7I4II7I4
ftllSCElJ^ANEOUS
Coal and iron
Ool C <& 1 Dev Co gu g 58.1909 J-J
Col Fuel Co gen gold 68... 1919 M-N
Col F & 1 Co gen 8 t g 5a.. 1943 FA
Convertible deb g 58
1911 F-A
Trust Co ctfs
PCC I8tg6s.l919
10341034
NoT'03
......
A-0
P-A
M-N
C1& P gen gug 4 las ser A. '42
J-J
Registered
1997 J-J
Debenture g 4s
1890-1905 J-D
Registered
1890-1905 J-D
Debt ceru ext g 48
1905 M-N
Registered
1905 M-N
Lake Shore coll g 3 Hjs. . . 1 998 F-A
Registered
1998 FA
MichCentcoUg3>a8
1998 F-A
Registered
1998 F-A
Beech Creek 1st gu g 4s. 1930 J-J
Registered
1936 J-J
2d gu gold 58
1930 J-J
Beech Cr Ext Ist g 3 »28 bl951 A-O
Cart& Adlst gu g 4s. ..1981 J-D
Clearf Hit Coal Islsf 48.1940 J-J
Gouv&08wel8tgug5s 1942 J-D
<fe
1
W
<fc
W^ha L E
121
139
1034
M
Feb'05
Feb'05
Nov'04
104 Dec '04
83
821a
NewH&D SeeNYNH&H
Vlron Coal i&
R
Coast Co Ist
Pac of Missouri g 5s
ac
.
Co gug 68.1910
C o 1st g 58.1949
1034
<fe
Housatonic
P & N P gen g 68. ...1923
Registered certific'8..1923
96I4
94
St Paul & Dul let 5s.. ..1931
9634 98
2d 58
1917
1st consol gold 48
1968
Wash Cent Ist g4s
1948
Nor Pac Ter Co Ist g 68.. 1933
97
98 "a Nor Ry Cal See So Pac
li:6ial29
Nor Wis See C St P
&O
122
l'J2
Nor & Mont See N Y Cent
97 14 99
&
See C
OIndRiver RR IstC C & St L
11334 115=8
hio
g 58.1936
General gold 5s
95
95
1937
Ore & Cal See So Pac Co
122
1211a Feb'05
llS^giVsia 116'8 Mar'05
120 ...
119 Jan '05
llOia...
117 14 Mar'05
II414...
113 J'ly '04
Nash Elor & Shef See L <fe N
Nat of Mex prior lien 4^8.1926 J-J 101
1951 A-O
82 T* 83
1st consol 48
I
128
117
109
Mar'ns
lOOisFeb'OO
1004100=8
126 100'8l03i4
lOO's 101
Oswego & Rome See
O C F & St P See C <fe
W
DeBarC&
FA
of N J
NY&LongBr
SeeNYNH&H
NY&NENew See CentHart—
New York
Hav
11534 119
'0
12838
122 Mar'05
97 14 Mar'05
114
95
101
95
99I4
107 llQia
9512 98
llliaMar'04
95 Nov'04
llS'e
Mohawk <fc Mai SeeNYC&H
Monongahela Riv See B & O
Mont Cent See St P M <fe M
Morgan's La & T See S P Co
Morris & Essex See Del L <fe W
Nash Chat & St List 78.1913 J-J
1st consol gold 58
1928 A-O
Jasper Branch 1st g 68. .1923 J-J
McM M & Al Ist 68. .1917 J-J
T & P Branch 1st 68
1917 J-J
N J Juno RR See N Y Cent
New Cin Bdge See Penn Co
N O & N E prior Uen g 68 pl915
N Y Bkln & Man Bch See L I
N Y Cent & H Riv g 3>2S.1997
101
15 IO8I4IIO
7 10778 109
100 101 14
<fe
101 »8 102 V,
85 "a Sale
107 la Sale
90
108
95
113
108
107 Salo
<fe
Sher Sh <fe So 1st gu g 58.1943
Texife Oklal8tgng5s...lti48
1900
Missouri Pacitic 3d78
1920
Ist consol gold 68
Trust gold 58 8tamped.al917
al917
Registered
1920
l8t coll gold 58
Cent Br Ry Ist gu g 4s. 1919
Leroy<feCVALil8tg58 1920
Pac R of Mo Ist ex g 48.1938
2d extended gold 58. ..1938
St L Ir Mcfe Sgeu con g 581931
Gen con stamp fftd g 53 1931
Unified & ret gold 4s. .1929
Riv & G Divlst g4s..l933
Verdi V I &
l8t g 58.1926
Mob & Birm prior lien g 58 1945
1945
Mortgage gold 4s
MobJ&K Cist cons g 5s. 1953
Mob & Ohio new gold 6s. .1927
let extension gold 68..?il927
General gold 48
1938
Montgom Div Ist g 58. .1947
St L. & Cairo coU g 48..el930
Guaranteed g48
1931
& O coll 48 See Southern
11734 11734
98'6
96
NoT'Ol
& Wa
Ist g 48.. .1990 F-A
Mo K E l8t gu g 5s.. .1942 A-0
1942 M-N
M K Ok let gu 58
<fe
'
101
Kan O & Pao
MK<feTofTl8tgug58.1942
111 IIIBb
122 122
II3I4II3I4
"q
.
10034
See St P
let g 4s.. .1990 J-D
(^1990 F-A
2d gold 48
1944 M-N
Ist ext gold 5s
2001 A-0
St L Div Ist ref g 48
l8t gu g 58.. .1940 M-N
Dal
MoKan&Tei
111
.
Minn & St L sra See B C R & N
UStP<fcSSMcong4intgu'38 J-J
M A P let 58 stpd 48 int gu 1936 J-J
M8SM<feAl8tg4intgu 1926
....
109 14
109
<fe
See Ch M & St P
Minn & St L let gold 78.. 1927 J-D 140
1909 J-D 111»8.
l8tgold78
Iowa Ex
Istgold 68... 1921
South West Ex Ist g 78.1910
1934
iBt consol gold 58
Ist and refund gold 48. .1949
10818
<fc
MU & Mad
MU A North
Ex
1084
109
<fe
See Chic
MULS&WBee Chic & & N "W
NW
Pacific
M-S
<fc
R WAOconl8text58.ftl922
Oswe & R 2d gu g 58...el915
RW&OTR Ist gug 58.1918
Utica & Blk Riv gug 48. 1922
N Y Chic & St L Ist g 4s. 1937
Registered
1937
N Y & Greenw Lake See Ene
N Y & Har See N Y C Hud
N Y Liack & W See D L W
N Y L E W See Erie
lOgsg
10018 1014;
101 Sale
10134
12411
I2014
1311a
N y Harlem g 3ias...2000 M-N
2000 M-N
Registered
K Y & North Ist g 58.. .1927 A-O
73 ^e 78
7614
75
24 Is
78
llhi
1939
l8t consol income g 38.al939 j'ly
2d consol income g 38..al917 J'ly
1919
Equip & coUgoldSs
Coupons
J-D
J-D
MS
J-D
V See N Y Cent
Metropolitan El Bee Man Ry
Mex Cent consol gold 4a. .1911 J-J
109
108
101
J-J
J-J
J-J
J-J
J-J
J-J
McKee8<feBVl8tg68l918 J-J
Mich Cent Ist consol 68.1909 M-S
1931 M-S
58
1931
Registered
1940
48
1940 J-J
Registered
1951
J L & S Ist g 3ias
1952 M-N
I8tg3ia8
Bat C & Stur Ist gng 38.1989 J-D
ll2iaU3
1121a
14 Mar'05
110 Mar'03
9S'%Oct'04
89
.
LNA&Ch
98ial00ia
110 110
96
97
113 1151,
1 15
116
IO7S4
Ist 4s gu... 2361
2361
Registered
1997
Lake Shore gold 3ia8
1997
Registered
1928
Debenture g 48
Det Mon & Tol let 78.1906
KaA<feGRl8tguc 58.1938
Mahon C'l RR Ist 58. .1934
Pitts McK & Y l8t gu 68.1932
1934
2d guar 68
West Shore
Mar'05
1121a
,
115
1910 AC
Jeff Bdge Co gu g 48. 1945 M-S
Sink fund gold 68
L <fe
9638
115
116
113
Mange
Week's
N. Y.
)
122 Apr '04
75 J'ne'02
113 Nov'99
100 la Mar'05
110 Feb'()5
11234
J-J
High. A-O
ISO'^ Feb '05
1261a Feb'05
11638 Mar'02
M
Hender Bdgelststges.lSSl
Kentucky Cent pold 48 .. 1987
L&N<feM<feMl8tg4>28l945
Ii&N-South M joint 48.1962
N Fla & S l8t gu g 68. ..1937
Pens & Atl l8t gu g 68. .1921
S «fc N Ala con gn g 58. .1936
3500
J^ice
Friday
Range or S'S
Since
STOCK EXCHANGE
March 24
January 1
Last Sale
January 1
Week Ending March 24
Bid
Ask Low
High No Low High
Low MigK N Y Cent & H "R—(Continued)
109 109
107 4 J'ly '00
Moh & Mai l8t gu g 4s. .1991 M-S 101
98
105 Oct 'W2
301a 13034
N J June R gu l8t 4s.. .1936 F-A 101
106 Mar'05
107
103
1261a 1261a
N Y& Pn Istcon gu g48 1993 A-O I0II4
Nor & Mont Ist gu g 58.1916 A-O
Since
Mar'05
109
BONDS
Kange
Mange
Priday
March 24
N. Y.
1161
3
J-J
J-J
J-J
A-O
A-0
M-N
M-N
113241154
Jan
104
'05
Apr '02
11578.
117 .
IOOI4.
991a.
9413.
9413.
105 13.
115 .
115 .
94
9778
96
102
9534
Jan '04
Nov'OO
Apr '04
11441144
1144 Jan '05
Jan '05
11334 11334
11334
J-J
J-J
93*8
116»s11608.
A-0
M-N
loeia.
119
107
F-A
94
98
10Si4Aug'03
1134.
104
110781111*
106 106
111
Jan '05
Nov'98
Mar'OO
Feb'05
Oct '04
110 Aug'04
104 -a Oct '04
93=8 Feb'05
127=8 Oct '02
121 Mar'04
W
BONDS—Continued
'
Mar'05
104
107 102
llOialllis ill
109 llOia 106
102
921a
93
94
9 8 '3 "983.
98
119
118
104 14.
93'%
Apr '04
Feb "05
93=8
106
107
105 4 107 103
107
J-J
Q-M
MN
48 1929 J J
1114Sep'04
II213
loeig
10434 Sale
97=8 Sale
.M-S
M-N
106
1044
Aug'03
on Next I'age
Telcgmpli and Telephc
Nov'OO
1074 Oct '04
10378 103 7e
90 Feb'05
Am
55
100
103 14 104
90
89 Sale
,
2
8834
!-9m 149
107=8 Dec'i'4
1024 J'ly '04
107
May'97
102
85
84
111
112
97
103 4105
894
Sale
Tel coU
tr
I
,
I
4
48
g..
1934
97=8 124
10934 J'ne'04
IO5I4 J'ly'03
111 4 Mar'05
106 4 1067b
107 J'ne'04
103
J J
97
97'^
Dec'04
Oct '99
J'ly '04
100
1004
11041114
26 104=8 107
&
934100
Induntrial
.llanutactarinK
1915 Q
Am Cot Oil ext 44s
Am Hidecfc L Isi s f g68..1919
1104111
Jan '05
Am Spirit* Mfg let g6s.. 1915
11034 112
11114 Mar'05
Am Thread Ist col tr 48.. .1919
102 Dec '03
Am Tobacco 40-yrg68 1944
103 103
103 Feb '05
1951
48
88
89 7p 48 8634 934
Consol Tobacco 60- yr g 18.1951
32 Jan 'Ot)
*Mo price JPriday; Ute«t bid and asked ttu« week. aOoeJaa
974
92
109
.
NorthwTelguf
Oct '00
Mar'ii5
<fe
I
1024 Oct '08
Feb '02
100 >4
105
99
111
Telep
Comm Cable Co 1st g 48.. 2397 J 9614
105 4 Erie T & T col tr g s f 5«. 1926 ? J
1918 M N 1104
MetTifc Tlslsf g58
90
894 N V & N J Tel gen g 5s.. 1920 M N 104*9
West Union col tr cur 58.1938 J J 11114
Fd and real est g 4 48... 1950 M N 106 34 Sale
Mut Un Tel s fund 6s. ..1911 M N 109
<)Daei!'eb
e
Dae
jlay
M
F
100
97
95
88
S
M s
974
Sale
Sale
95
A-Ol 11734 Sale
117
74
80
J
J
F A
F A
^OaeJ'ne ADaeJ'17
74=8 Sale
80=8 Sale
j)
Dae Nor
874
983^
95
884
34 100 101
61 97
10014
9 95
97
5 874 89 14
11734 282
74 7e 630
80=8 44
«OpUoasale.
llOUlH'a
71
74
777,
84
4
Bond Record
11C2
BONDS
Friee
DKRR& Bpelstgu48g.'36
6r R <fe
ex 1st gn g4»i2e 1941
1st g 48.. 1943
I>liiIaBal<fe
Sun <fe Lewis Ist g 4s. ..1936
U N J RR <fc Can gen 4s. 1944
Pensacola & Atl See L <fe Nash
Peo & East &<e C C & St L
Peo & Pek Un Ist g 68.. ..1921
bl921
2d gold4i2S
58 1921
Pere Marq— on c&
1920
Jlmt&PMges
1939
iBt consol goldSs
Pt Huron Div Ist g 58.1939
SagTuscfeH Ist gug 48.1931
I
W
WM
B
t»lill
PliUa
W See Penn RR
Reading cons 78.1911
<fc
<fe
Pme Creek
Pitts Cin &
reg guar 6s.. .1932
St Ii See Penn Co
Pitts Cleve & Tol SeeB&O
Pitts Ft
& CU Bee Penn Co
1922
Pitts Jtmo l8t gold 6s
Pittfl & L Erie 2d g 58...al928
W
NY
&Y
Cen
See
Pitta McKees
Pitts Sh
L E l8t g 58. ..1940
1943
Ist consol gold 58
Pitts
West See B O
Ash l8t con 58.1927
Pitts
1997
Keading Co gen g 48
&
Week's
Bange or
Binoe
March
Ask Low
Bid
*
110 Hi
lllJi
109
99
110
&
See
Pitts
B R
<fe
L Iron Mount iSe« M P
L K C & N Bee Wabash
StLMBr SeeTRRAofStL
St L
S Fran 2d g 6s CI B 1906
St
St
1906
2d gold 68 Class G
General gold 68
1931
General gold 58
1931
St L <fc S F RR cons g 4s. .'96
Southw Div Ist g 58.. 1947
Refunding g 4s
1951
6-year gold notes 4'a.. 1908
con g 68. .1928
FtSifc
M
KCFtS<feMRyre?g4sl936
K C M R&B Ist gu5e. 1929
KC
,'
H & TC Ist g58int gu..l937
110
110
Consol g 68 int guar. ..1912 A-O
Gen gold 4s int guar. .1921 A-0
Waco &
div Ist g 6s '30 Wl-N
NW
108%
Morgan's La
110 la Sep '04
No
Ist gold 63
of Cal 1st
1151a
11778.
II9I4
126
137
,
123
II312
122
112
llSiaMar'US
IISH,
11513 Sale
lldia
<fe
Bt IjOuIs So See Illinois Cent
l8t g 48 bd 0018.1989
St L S
2d g 48 ino bond ctfs...jJl989
1932
Consol gold 48
Gray's PtTer Ist gug 58 1947
Bt Paul & Dul See Nor Pacific
& Man 2d 6s.. .1909
et Paul
" Ist consol gold 68
1933
Registered
1933
W
M
Reduced
to gold 4'<»8..1933
RegiBtered.
1933
1910
Dakota eit gold 6s
Mont eit
1st gold 48.. ..1937
Registered
1987
E Minn let div Ist g 5s.. 1908
Nor Div l8t gold 4s.. ..1948
Minn Union Ist g 6s
1922
Mont C 1st gu g 6«
1937
Eeglstered.
1937
guar gold 58
Ist
1937
WiU & S F Ist gold 5S..1938
Bt P & Nor Pac See Nor Pao
&0
Bt P & S'x City See C St P
Salt Lake C 1st g s f 6s.. .1913
BFePresifc PU Ist g 5s. ..1942
11434 116
Apr'04
Nov'97
121
111
120
Oct
.
,
Registered
llS-'e
.
120
.
Mar'05
98
Cent Pac Ist
ret
ga g 4s 1949
Begiatered
11618117
1171:2
10214 Sale
10134
100
101
lOOia
109
75148310
109
7514
89
108
Gila
VG&N 1st gug 58. 1924
W T Ist g 58.1933
guar
Hous K
Ist
<fe
OS red
1933
JJ
AC
J-J
J-J
J-J
J-J
A-0
AC
A-O
A-O
A-O
M-N
M-N
Oct
'04
10214
Jan
103
100
991a 101
lOO'^s
11)0
'05
101
Mar'05
'05
89
101i4Nov'01
•
••
95
ifO
Mar'05
93
95
104S8 Feb'05
10412.
104 Is Feb'05
1291^ 130 « 12912 1291^
115 117 II512 Mar'05
100
9934
9934
104
98=8 Nov'Ol
90^4 Sale
91 12
9014
96 Lee '04
126I4
126I4 Jan '05
91 Sale
9II4
9012
102 "u
99
99
86
9913
861a Sale
821a 83
821a
9934
104=% 104 '8
1043g
12912 130 12
Il'2l2ll5l2
9934 9934
104
88I4
91
92I4
I26I4I26I4
98 8834 92
34
98I4IOII2
84
861a
9
8612
8314 200
801a 8338
llOis 111^4 110iaJan'05
137 140 138
138
llOialll
137 138
May'02
I113fll2 HI Mar'05
lieisApr'Ol
112 I1314 11238 Mar'05
111
140
1121,
10434
11238 11238
10 1031a 10434
May'Ol
10434 Mar'05
104^4 Sale
10434 10434
1041a
106
104»4
12234 ....
128 Apr'02
13634 13712 135 Jan '05
13434 Dec '04
1181^120 118i» Feb'05
117 Jan '04
1191a
135
135
,
,
110
Jan
11334
90
11818 1181b
Dec '01
'04
130
91
91
901a
10434 l04i.>Mar'Oo
99 ....
108 ....
105 "a....
110 ....
11134 113
11214....
11034 ....
95
109
1
i
Feb '05
09 la Mar'05
8434 92
03 14 10434
95
98 »s
109 109
1
1091a 109
112 la Mar'05
110 Jan '05
97 Sale
967g
101 la Sale lOlH,
95
9534 95 1«
Jan '03
lOlk
9534
89
89 12
108"% 109
100 "a
113
10938110
106 108
108
109 12 Feb '05
10038
100
99i4Mai'03
89 Vj Mar'05
108 4 Mar'05
103 Sep '04
115 Feb'05
109 Mar'05
10714 Feb'05
W
Western Div
FA
J-J
Ist g 58... 1935 AC
1935 J-D
Kan& Ist gug 48.... 1990 A-O
T0IP& Wist gold 4s. ...1917 J-J
TolStL&WprIieng3ias.l925 J-J
1950 A-O
50-year gold 48
Tor Ham & Buff Ist g 48./il946 J-D
Ulster & Del Isteon g 58 1928 J-D
1952 A-O
Ist retund g 4s
UnPacRRcfe Igr g48...1947 J-J
1947 J-J
Registered
1911 M-N
Ist Hen convert 48
Registered
1911 M-N
Ore Ry <fe Nav con g 4s. 1946 J-D
Ore Short Line lstg68..1922 F-A
1946 J-J
1st consol g 5s
1929 J-D
Guar refund 48
1908 J-J
Utah & Nor let 78
Gold 6s
1926 J-J
J RR <fc C Co See Pa RR
Uni N
Utah Central Bee Rio Gr Wes
General gold 5s
M
<fc
North See
Un
11
9314
a 24
42
97 14
96
IOS'sHIOb
26 10038 104
8889
8934
108itll0'8
113 "alls
109 1091a
1051a 10714
1031a J'ly '04
Since
Hiali
1*.
1291a
121
IO314
IO6I4
,
,
102
,
No Low
11
9934 Sale
91
OOH).
106
10958
101
101 la
1051a
114^2
1141a
II514
10939 Sale
I0914
7-.'
109^8 Jan' 0:.
100->8Oct 'U4
,
,
,
100 Hz
11034 112
10812
119 "a Sale
971s Sale
117
99
117
118
100
95I4
95 Hi
9934
129i2Nov'04
122 Dec'04
106 Sep '04
113 Jail '01
102 Nov'04
106
,
Jiigh
lioaglllia
Dec '04
99ifl
99
127i2Feb'0i;
127
Range
January 1
Mar'05
11-2
lis
Jan
'05
88
106
91Hi
10818
1091s 10933
102i4Mar'ti5
102 14 102 "4
104i2Dec'04
115 Mar'05
iui^iis"*
114i<2Dec'04
119 Feb '04
10939 109'\
109 la Feb =05
103 Oct '04
11212 Feb'05
IO8I2 Mar'05
1191...
II912
110 Feb'04
9718
97
11714 Dec'04
99 Mar'05
II712 II712
981a Mar'05
IO8I2 10938
108
109 Hi
'
112 il2ia
lOSiolOSHj
117Hjl20i4
96 H2 99
98 100
117H2117H2
9518
90 la Dec'04
98H2
961a
114'8
11334
118
114
121'»122
12134
May'04
Peb'05
114 114
12118122
114 116
1 23 14 12434
121'4
II312
114 Mar'05
124
12434
l-.'434
126 la 126=8 126 Hi Feb'05
11634 118
116i*Mai'05
112
112»8Jan'05
95I2 97
98 Feb'Oo
10334 111
110 Mar'o5
lllia
123 Feb'02
110
110 Deo '04
II2I4
114 Jan '05
II6I2II7 U5I4 1151,
II6I2 HOHj May'04
93 13
93 Dec '03
ig Mar'05
11618
1 16
130
9734
10934
117
I23I4 12612
11534 U6ig
112 112»»
96 Hj 98
108 111
114
114
13 11514116=8
II6I4II6I9
J'ly'OO
100
..
..
Nov'04
121
100 la.
il2HjMar'05
121 Mar'05
100HaMar'06
11313.
il2'8J'ly'04
1221a Sale
12218
.
.
IIII4
11514
113
1091a
97 14 9734
93 Hi 95
9OH1 91
86 14 Sale
97Hi 99
122I2
96 Mar'05
109HjAug'04
106H2NoT'04
115 14 Mar'05
111 May'04
107 Sep '04
9734
II2H2II2H1
122
21
9334
100 Hi
19 I2OI4I23
96 102
114H»115i4
9734
96Hi 98Hi
95
94 Hi
91
85 's Mar'05
85 78 9118
85
86=(»
83 Hj 86=8
9734 Mar'05
97 Hj 9734
112^8
11 2 Hi Mar'05
112 112Hi
95i4Jan'05
9514 961*
106
105
106 H< 120 10434 106 Hi
2 1 03 Hj 10534
105 105
105
13234 Sale 128*^
134 1593 112^8 ISSH
121
Feb'05
U63gl21Hi
103 Sale 102Hi 103
13 102 Hj 103 Hi
o 124 H) 127 Hi
12514 125
12538
119'4
1 117Hil20
120
120
97 Ha Sale
9738
9734 172 97 Is 98
92^8
10934
112
iia
114H>Apr'02
110
110
llSHjSale
108 Hj 109
91
75H2Sale
102 Hi
U8I4
Doc '03
Pacific
Black R See N Y Cent
See Mo P
Ver Val Ind & See South Ry
irginia Mid
Va & Southw't 1st gu 58.2003 J-J
1939 M-N
Wabash 1st gold Ss
1939 F-A
2d gold 58
1939 J-J
Debenture series A
1939 J-J
series B
1st Hen equip 8 fd g 58. .1921
Det & Ch Ext Ist g 6s.. 1941 J-J
Des Moin Div Ist g 48.. 1939 J-J
1941 A-O
Om Div Ist g 3128
TolcS; ChDiv 1st g 48.. .1941 M-S
St Chas Bridge Ist g 6s. 1908 A-O
Wab Pitts Term Ist g 48.1954 J-D
1954 J-D.
2d gold 4s
Warren See Del Lac <fe West
Wash Cent See Nor Pac
See Southern
Wash O &
West Maryland l8tg48...1952 .A.-0
WestN y<fc Pa Istg 5s.. 1937 J-J
1943 A-O
Gen gold 3-4s
dl943 Nov
Income 68
West No Car See South By
Va Cent <fe P 1st g 68. .1911 J-J
Wheerg* L E 1st g 58... 1926 A-O
Wheel Div 1st golil 5s. .1928 J-J
Exten <fe Imp gold 6s. ..1930 F-A
1922 J-J
20-year equip s f 08
1949 U-S
1st consol 48
Wilkes & East See Erie
<& M
Wil & Sioux F See St P
Wis Cent 50-yr Ist gen 4s. 1949 J-J
W
<fe
MS
107 >a 110
31 II8I4 ll9Hi
26 108Hj112i«
108 H2 109
90 Feb'05
90
90
70^4
66 Hi 7579
75''f, 3i43
102 Jan '04
IIIH. 110 Jan '05
10934 110
97 NoT'04
"8(334 "So
88I4 Mar'05
88''8
86
9534 99
97 Hj Jan '05
97Hi 98i«
107
09 Hi Mar'03
94 Salo
94
94 Hz 89 94
961a
4234 Sale
457,
42
43Hi 512 42
W
Mar'05
II8H2
1
W
96T8 9778
25 101 10134
9714 799
94iaAng'04
10934
10034 Sale
12
109 12 114
110
110
Llli4May'03
102
1021a,
95
J-J
J-J
WMinW<feNWlstgu58'30
Tol & O C Ist g 5s
1935
Utica
1021a
A-O
W
Utah
109 14
J-J
J-J
J-J
J-J
J-J
1956 M-N
1938 M-S
1922 J-J
Knox & Ohio 1st g 68.. .1925 J-J
Rich & Dan con g 6s
1915 J-J
Deb 58 stamped
1927 A-O
Rich & Meek Ist g 48.. .1948 M-N
80 Car & Ga Ist g 5s. ...1919 M-N
Virginia Mid ser C 6s.. .1916 M-S
Series D 4-5s
1921 M-S
Series E58
1926 M-S
General 5s
1936 M-N
Guar stamped
1936 M-N
l8t cy gu 4s. .1924 F-A
O&
West N C 1st con g 68.. 1914 J-J
S & N Ala See L & N
Spok Falls <fe Nor Ist g 68.1939 J-J
Stat Isl Ry 1st gu g 4iaS..1943 J-D
Syra Bing <fc N Y 6'ee D L &
'|''er A of St L Ist g 4128..1939 A-O
1 Ist con gold 5s.. ..1894-1944 FA
Gen refund s f g48
1953 J.J
St L M Bge Ter gu g 58. 1930 A-O
Tex & N O See So Pao Co
Tex<fe Pac 1st gold Ss
2000 J-D
2d gold inc 58
^2000 Mar
1931 J-J
La Div B L Ist g 58
W
Ask Low
IIII2
J-J
M-S
Con Ist gold 5s
E Ten reor Hen g 58
GaPac Ry Istg 6s
109
77
89
109
75
75I4
Jan
1905 F-A
Registered
1994
Ohio coll tr g 4s. .1938
Mem Div 1st g 4i2-5a... 1996
St Louis div Ist g 4s. ...1951
Ala Cen R Ist g 68
1918
Atl& Danvlstg4s
1948
1948
2d 48
Atl <fe Yad Ist g guar 4s. 1949
Col & Greenv 1st 68
1916
E T Va <fe Ga Div g 58.. 1930
II7I2I2O
10334 May'04
1949
Mort guar gold3'28..fcl929
Gal Har<fe 8 A lstg68..191U
2d gold 78
1905
Mei<fc Pac l8tg5s... .1931
NO 1st 7s
Mob &
J'ly'97
121^2
/fcl94U
A& N W l8t gug 58.. ..1941
68. ...1907
Sabine Div Istg 6s.. ..1912 M-S
1943 J-J
Con gold 58
Southern— Ist con g 5s
1994 J-J
'01
1121a Dec'02
W
Seaboard Air Line g 48 ...1950
CoU tr retund g 58
1911
Oar Cent Ist con g 4s. ..1949
FlaCen& Pen 1st g5». 191b
Ist land gr ext g Ss . . 1930
Consol gold 6s
1943
Ga <fc AlaRy Ist con 58 o 1945
GaCar<fe No Istgugos 1929
Beab& Roa 1st 58
1920
Bher Shr & So See M K <fc T
Sll Sp Oca & G See Atl Coast L
SodBay <fe So 1st g 5s
1924 J-J
Bo Car & Ga See Southern
Bo Pac Co— RR Ist rel 48.195D
CoU tr g 4'<j8
1905
Gold 4s (Cent Pac coU)./(;194'J
A-0
1920 J-J
gn g
SPacofNMexlstg68..1911 J-J
Tex&
M
e A & A P See So Pac Co
B F & N P Ist sink f g 58.1919 J-J
Bav F & West See All Coast L
Scioto Val <fc N E See Nor &
T 1st 7s. 1918
<fe
Gviaranteed gold 5s
1938
Ore & Cal Ist guar g 58.1927
S A <fe A Pass 1st gu g48. 1943
So P of Ar gu Ist g 68.. .<;1909
Ist gnar g 6s
cl910
8 P of Cal Ist g 68
1905
1st g 6s aeries B
1905
1st g 68 series Cife D...1906
1st g 68 series Eife F...1912
1912
Ist gold 6.S
1st con guar g 5s
1937
Stamped
1905-.. 1937
123i8l23ig
123»8l24i2 123i8Jan'05
lUO 106»2 101 J'ly'04
1063^
109 Apr'02
122
123 Feb'05
Aid
J-J
Sis
35 ;q
Weekfs
Range or
Last Sale
Price
Friday
March 24
Miah No Low High Southern Pac Co (Continued)
Nov'97
Jan '05
<fc
<fe
**
1
no
P
See N Y Cent
1941
Rutland Ist con g 4'as
Ru^Canad Ist gu g 48. ..1949
Marq
&
Sag TubGr H See Pere ..1947
Isl Ist g 48.
t Jo &
<& Adlron Ist g 58.1996
8t Law
1996
2d gold 68
St L <& Cairo Bee Mob & Ohio
Rome Wat & Og
January
lUO
110^8
H
Boch
3505
STOCK EXCHANGE
Week EN-DtNo march 24
N. T.
Oct '04
108i4Mar'05
1997
Registered
Jersey Cent coll g 48.. .1951
Eensselaer & Sar See D &
Rich & Dan See South Ry
Rich & Meek See Southern
Rio Gr West See Den & Rio Gr
Bio Gr Jtmc Ist gug 58. ..1939
1940
Jtlo gr So Ist gold 4s
Guaranteed
1940
102
110
10314
&
&
Y&
Last Sale
%4.
Vol, lxxx.
4
BONDS
Range
Friday
K. T. STOCK EXCHANGE
"Week endeng maeoh 24
Pesn KR (Cojitinued)
AUe? Val gen gu g 4S...1942
C1& Mar l8t gQ g 4^28. .1935
—Concluded—Page
9338 Sale
II8H1II9
9918
30
1
92 ''g
167 9OI4 94
93
18 Hi Feb '05
118 118i>
98*4
98 Mar'05
98
40
Mar'Ol
llOis
II414
II318
II418
"92" Sale
102
92
111 iim
II4I4II414
111
Mar'05
11414 Jan '05
110i4Mtty'04
1 14 14 Mar'05
M
94i4Sale
93Hi
Jan
'06
92 H
44
94I4
67
113
102
92
90Vi
114<^
102
96 >«
9\S
IVII.SCEI.I.ANEOUS BONDS-€oncliiiled.
UaniilacturinK
<3(c IniluMtrinI
registered 481951
DlHtilSecCorconv Istg 5h.'27
IVIisceliRneoas
Con Tobacco
Distill of
.
Amer coll tr g 58. 191
lU Steel Co deb 5s
1910
Non-couv deben 5s
1913
Int Paper Co Ist con g 68.1918
Int St f unip 10-yr oonv. Os '13
Knlcker
[c«!((Jhic) Ist
g
5s.'2>S
I^ckaw Steel Ist g 58
1923
Nat Starch Mf g Co Ist g 68 1 920
Nat Starch Co s f deb 68..1925
Btan Rope
C
<fe
T
Ist g 6a... 1946
Income gold 58
1946
8 Lealh Co 8 f deb g88.. 1913
V 8 Kealty & I couv deb g 58 '24
V S steel CorplO-eO yr5s.d'6:-;
Registered
va-Car
i(«
I*
Chem
priM
AprU 1963
col tr 68
g..l912
FrldAjr; latest bid
81
Is
97=8
Sale
85 14
80
99
99
92
109
Dec'04
81 Hi
Sep '03
Jan '99
Feb '04
Mar'05
10334 109
104=8 104H» 104»«
9834
98 Feb '06
107 Hi Sale 107 14
107 H92 !« Feb'05
89'8
65
46
::;50
108 10934
18 10234 104 =8
98
''ii
98
10434 108
91
65
Mar'05
46'(;
82 >4
79
15
42
i)3
70
Hi
49^8
Hale
314
1'4
3H US
5 Hi
II2I4 112 Mar'0&
niHj 112
lit
Salt 101
102
1031.1
"ii 93
94<^ Hale
93 Hi
95'^ 33<J.i 92
95'-,
9334
95
57 9'Ji4 95=8
100 Hj.
101
101
101 1-^
101
3
14
112
and asked.
1948
Adams Ex col tr g4s
AmDk<fcImp6s See Cent N J
Am SS Co of
S
B'kl'n FerryCo l8lcon8g58'48 K A
Chic Jc <fc St Yard col g b». 1916 J J
DetM <fc M Idgr incomes.. 1911 A
Hobokeu L & I gold 58. ..1910
.Mad Sq Garden ist gSs.. 1919
Man Bch H & Lgeii g 48.. 1940
M
S
Provident Loan Soc4H28.1921
St J DSoph Stk Yds 1 »t 4 Hjm. 1930 J J
St
Sale
103
103
108
106^
60
67>«
76
BO
10034 J'nc'02
66
57iflMnr'05
10734 Nov'04
76
Bale
75
60
96 Hi 96
96
99
100
108 H,
76
Feb '02
96
100
94 >3 96>a
98 100
LTer Cui)i>leHStat'ii«)> Prop
Co Istg
4HiH 6-20 year.. 1917 J D
J J
Yuba Wat Co con g 68.. 1923
Sp Val Wat Works 1st «h.1»06
US Red & Ref Ist s f g O9. 1931
3
103
M N
M N
M N
Newp Ne Ship & UDba dl990 J J
N V Dock 60-j-r 1st g4«.. 1961 K A
.2
aDaeJan 6DaeF«b
.VI
W Vag58....1920 M N
Dae Mar d Dae Apr ^iDueJ'ly k Duo Ang
o
M S
96 >a.
112 J'Iy'04
1 18 Hj J'ly'OO
9014
9218 49 88^ 92 >«
Dae Oct p Dae Not t Due D«e «Optt«n«*>*
.
.-
CHICAGO STOCK EXCHAITaE-Stock
Eecord-Daily, Weekly and Yearly
STOCKS—HIGHEST AND LOWEST SALE PRICES
'
^
,
.
Monaay
March 20
Saturday
March 18
Thursday
Friday
March 23
Wednesday
March 22
Tuesday
March HI
March 24
LastSale
•
i
•—
"'"6^'"668
"6'4"6^8
1
2II2
2II12
12^4 *
13
»
50
50
1
ll^fe
50
36
24
•231^
9"7""9'7i4'
*28ia
*28ia
40
3612
5^334
89
*
100
100
100
100
100
100
100
Do pref
Kans City Ry & Lt ..100
100
Do pref
84''8Mar'05
23 14
24
23 V Metropol
24
S Elev..l00
63 12
100
63 C
Do pret
80
80 North Chic Street.... 100
*23
24 Northwestern Elev..l00
"66" •60
62
100
"e'o"
Do pret
95 la
96
100
96
95 Sonth SirteElev
*28ia
Streets WStable C L 100
100
lOl'elOl^g '
Do pret
1031a
56
65
100
West Cliic Street
65
2834
28=8 28=8
IO2I4IO234
1021510314
60
60
60
for Previou*
Year (1904)
Week
W
i<,
1021, '100
60
•39
3934
Last Sale
"24" '24"
64
2334
'24"
3934
'
66
90
«
"2*4"
'.'".'.'.
"97" "97"
102
•60
12
50
pre£
Range
1905
Lowest
Shares
"bi'u Chicago Subway
IOI4 ChicUmon Tract.. ..100
"bi'^
""5"4"'i""5"4i4
IOI4
*
"24"" 241^ "24'"24"
66
;
"54'4 "blS\
*
1138
36
*84
24
*
Do
"54" "54 i^
1
»
Chic Pass By
Chic & Oak Park
Range for Year
Sales
of the
EXCHANGE
Railroads
Jan '04 Ohic & Alton
Feb'05 Chic City Ey
Ohic Consol Trac
^778
Last Sale 199
"Illli'g'o"
WW",
i
STOCKS
CHICAGO STOCK
Jan
37^8
i"8"6"'
Ja"n"'5 i"9"9"'F"e"b""i
"390 "614
1,2:13
300
100
25
20 Mar 7
53 12 Marl 6
9>2Jan 3
45 Jan
30 Jan 9
Feb 24
Feb 3
Mar24
Feb 20
Feb 3
Feb 2
3s Peb2]
85 Feb 3
24i8Marl7
66 Mario
99 Feb 2
24i2JanlO
66 Jan 5
97i4Mar20
2914 Jan 4
103i4Mar21
72 Feb 3
"'9i^F'e'b""9
'l'258F"e'b23
821, Jan
i',455
481;
20
59
5
80
100
100
92
2S
J7
55
50
160
45
4
Mar24
Jan
6134Mar
J
4 Feb 15 NoY
27 la May 45 NoY
281a Dec 31 Dec
8014 Nov 85 Noy
15 Mar 26 Sep
41 Mar 68 Oct
H5 Mar 88 Sep
15 Jan 2634 Nov
44 Apr 67 la Not
90 Mar 981a Not
28 Jan 34 Oct
82i2J>Lpr 103 J'ne
38 Apr 661a Sep
51
Jan 18
Jan 10
23
1,362
la
9
9
an 30
Aug
"6""Sep "'8"*Nov
23 Sep 27 Not
561a
13-8
1
37^8 Jan
Mar 190
155
""6
Jan"2"G '"'734 Jan"
24 Jan 31
2
Highest
Lowest
Highest
Miscellaneous
100
100
100
"ioK
American Can
64I4
100
64
64
Do pref
631a
100
-Amer Katiiator
lio" i-^'o"
100
Do pret
"56"i^"'5"6i4'
5058
100
51 Amer Shipbldg
*104
100
Do pref
LastSale 19S
May'04 AmerT<fc S Bank... .100
100
Last Sale 40
Jan '05 Booth (A) & Co
'IO5I4 110
100
Do pref
Feb '05 Cal & Clue Canal & DlOO
LastSale 60
Central Trust Bank. .100
LastSale id""""FeV'05 Chicago Auditorium
Last Sale 1
Jan '05 Chic Brew' jr & Malt'g
Allis.Chalmers
«.«... ......
;
78
130
130
49
651a
130
4979 50
49
'""""40" <""""40""
1051a 105 12 '105
58
*58
62
*i6"'
*\
*\
»142
»103ia
138 14 139
WW".
•84
LastSale
*6ia
170 170
48
48
50
51
491a 4S%
*140 142 *140 142
142 14S
103^2 IO3I2 103 IO3I2 103 1035f,
13834 13914 138ial39i2 I3712I371V
'167
501s
501a
110
62
no" ;ii;;;
*6
•61a
170
*77
»127i2
50
60
130
•io"'l""!
*6
•167
66
iv
"'".'.W'ii"
*105 110
*58
62
40
110
62
»105
*58
6GI4
6534
7812
•771a
»
"lO^'loaJ
'kVt^'iO';
i'lOTg"!!"
66
66
\
*14"
"if
"isii'isii
*'l8'" ""iSJi^
73
7334
7334
«••... ......
"ii"
'45'
*6l'i4"6i''^
.
120
45
113
45
113
"62""6234
"61 '^"6214
119 119
45
45
llSS?
44^8
45
115
*
iio"
"'6'i""""6"2""
118
45
115
*
iio'i^
.'""!
1101411034
*i"o"8"*
'96" "90"
iio34 i'10'4
44''8
63
89
54
90
'
...„^....„.
...„^....^..
III2
•!!!!!!
"'r''s"'2Xi
Ilia 12
1134
'25' '24"
1134
"25" "26"
"Hh
113,
"'2"6"""2"7""
Jan
7
46
461a
'05
170
46
i'o's" i"o"3""
I3712IS8
Do
Chic
Chic
Chic
Chic
pret
EfUson
100
Pneumatic Tool. 100
100
Telephone
Title
& Trust.. .100
Diamond Match
100
Brick Recpts
67
68
""e's'^
Do pref Recpts
"6'8"'.i
Kans City Stock Yds. 100
"*19"
"l"9"' Knickerbocker Ice... 100
100
...... ......
Do pret
Last Sale 17"" 3'n&''6i London & Chic Contr
LastSale 9
Dec '04 Manufacturers' Fuel
''4414
48 Masonic Temple
Last Sa le ^
Jan '05 Mil& Chic Brew'g
LastSale iO
NoT'04
Do pret
61 14
60
100
61
6I34 National Biscuit
llS-a 119Hj
119
100
Do pref
1181a
45
100
45
45
45 National Carbon
114
115
100
Do pref
LastSale 106 Jan '05 People's Gas L & C'kelOO
Pullman Co
100
St Louis Nat St'k Yds ....
i"o"8"ii
i"o'9""i"o"9""
100
i()"8"% Swift&Co
60 The Quaker Oats Co. 100
60
*9Q
Do pref
100
Un Stock Yds(So Om)100
III4
'"67'" ""6'7"'
*15
73
4(54
pref
"163;
*168
168
168
Do
""16 "4 ""16"%
"10=8 "li"
6414 6534
i"3"7i4
i"3'7"i.i
11%
Illinois
La St Sale 10^" Dec"'"o'4 Union Bas<fe P Co ...100
Do pref
100
"""2"
"'v'V"i''^&
'"'2''i Unit'd Box Bd & P ColOO
iiig 111^
1138
1134
Do pref
100
LastSale 10
Nov'04 Weaver Coal & Coke
30
29
Western Stone
100
i',7'6"5
Feb 23
Marl 6
60 Jan 25 09
50 76 Jan 24 79
64 125 Feb 21 130
1,820 38 Jan 19 51
10 9818 Jan 17 100^8
3,968
"ss"' Jan""'4
""""l3
"""2"5
""3"5'5
675
45
237
973
60
180
105 Marl7
56 Jan 11
148 la Feb 23
10 Jan 5
1
Jan 18
7 Jan 20
153 Jan 25
32 Jan 7
140 Jan 25
103 >a Feb 14
134 la Feb 1
10 Jan 4
65 Jan 9
"'3i4j"an" "lii'i^D'eo
3134 Jan 6434 Deo
Mar
40
Mam
Mar22
"'19"
'"2iiO 'ii""re"b""6
""6"6
4",o"2"5
63
Feb 15
7334
D'e'c
50
Jan
45"' Jan '16
2 Jan 30
'm" Ja'n""2"5
"4'5"4Ja'n'"l'7
2
'
Jan 30
"6'234"
Mar2"i
'"5^>'i i'o"6" F"e'b"2"5 i'14"
J'ne
Dec
Nov
Aug 51 Jan
214 Jan
134 Apr
20 Nov 25 Sep
42
36 Jan
99 la Jan
25i4Mar
95 Jan
98«8 Feb
Jan"""6 "9 9 'a
Jan 25 60 Mar24
se^aJan 4 91 la Feb 23
46
Apr
3534 J'ne
J'ne
75
i',6"2"6
238 Jan 4
l>aPeb20
Jan 3 12iaMarl4
7
"io'lAaxii
10
14
10
'i3"'F"e"b"l5
Feb
Jan
62
20
9
7i4 0ct
4,378
1,515
Deo
12'" Oct"
7 la
187 114iaJan 5 120 la Marl 6
495 41 Jan 25 47 Feb 28
13 110 Jan 5 115 Jan 31
106 Jan 11 106 Jan 11
97
358
'I'o'i^
17
10
791a
Mar'JO 115 14 Jan 1231a Sep
Mar24 19 J'ne 40 la Deo
Mar 4 82 Aug 94i4 0ct
183 Mar 198 May
""4"d"' Ja"n"'"4
33 Nov 40 Not
10514 Mar21 10034 Mar 110 Feb
61 Feb25 52 Feb 62 Aug
150 Marl 8 120 J'ly 12334 Jan
10 Jan 5 10 Oct IOI4N0T
II4N0V
1
Jan 18
1
Jan
7 Jan 20
8 Feb
7 Feb
172 Feb 20 140 May 173iaNoT
52^2 Marie 18 J'ly 36 Not
143 12 Feb 17 115 Mar 147 la Nov
10534 Mar 6 86 Feb 108
Oct
140 Fet21 1261a Feb 142 la Not
11 "a Jan 16
31a Mar 12 la Deo
71 la Jan 16 3812 Mar 76 "a Dec
34 J'ly
J'ly
581a Dec
lieiaNov
461a Dec
Sep
120
IIOI4N0V
iie'i-LNo'v
47i2Jan
Not
87
10 '8 Dec
338
2034
Not
Jan
Nov 19
Sep
Feb
251a Dec
>
Chicago Bond Record
~
BONDS
Price
^.2
CHICAaO STOCK EXCH'GE ^ ^ Friday
March 24
Week Ending Maech 24
Bid
Aslc
A.mer Biscuit 68
1910
A.mer Strawboard 1st 6s. .1911
Oass Ave <fe F G (St L) 58. 19 1
Chic Board of Trade 48 ...1927
DMc Consol Br <fe Mlt68
Ohio Consol Trac 4 138
1939
Chic Edison debent 6s. ...1913
F-A
106
J.J
J-J
1UOI4
1st gold 58
?il926
Chic Auditorium Ist 5s. ..1929
DMo Dock Co 1st 48
1929
DhicEquitGas 68
1905
Dhlc <fe
Elec By 58 ....1919
Dhic Pneum Tool Ist 5s .ol921
C5hic Rock I & Pac BR 48.2002
CoUat Trust g 58
1913
Commonwealth Elect 58.bl94H
Kans City Ey & Lt Co 58. 1 9 1
Knickerb'cker Ice Ist 58.1928
Lake Street El Ist 58
1928
Side El 1st 48.. ..1938
Metr
.Extension g 48
1938
•Torch Chic St Ist 58
1906
let58
1909
Befundinsr g 4ia8
1931
No Chic City StRy 41^8. 1927
KorthWesfn El 1st 4s.. .1911
Pgden Gas 58
1945
Pearsons-Taft 58
1916
4-408
1920
4'408 Series C
i'60s Series E
4-808 Series F
IPeople'sGasL&C let 68. 1943
Eefunding g 5s
1947
Chic Gas Lt<fe 01st 58.. 1937
Consumers' Gas Ist 5s. .1936
Pt Louis Brew'g Ass'n 68. 1914
Bonth Side Elev 4 SiS
1924
6-wift<fe Co 1st g 58
1914
union El (Loop) 68
1945
Dnlon Pacific conv 48
1911
A-O
F-A
A-O
MU
W
>
.
,
BBB
.'
1
'
D 8 Brewing
1910
1928
cl963
1928
Tunnel Ist 58
1909
Debent 68
1914
Consol g 58
1936
West Div City Ry 4 las . 1 982
west'm Stone Co o.2o os. 909
Mote. — Accrued interest mus
58
Dnlted Breweries 68
D S Steel Corp 2d 68
West Chic St Ist 58
.
1
^
,
Chicago Banks and Trust Comnanies
103
J-D 103
J.J
J-D
60
104
104
J-J
65
i"04i4"
100
J-J
J-J
J-J
ig
i"o"6"
75
78
M-N
M-S :.".:":::::
M-S 107 la Sale
M-N
A-O 97
98S2
J-J
97
95
89
F-A
J-J
J-J
J-J
98
>4
Sale
90
9913100
98'a
A-O
90
921a 96
M-N
9414 941a
M-S
94 1«
M-N
91
J-D 100
99 14
M-S
99I4 9934
F-A
M-N
M-N 100 la
A-O 124
M-S 107% 108
108
J.J
J-D
J-J
J-J
10634 107
J-J
103
Hi
10313
Bale
A-O 1061a
M-N
M-S
F-A
M-N
M-N 94
F-A
J-D
70
M-N
8734 Sale
J-J
91
90
90
96
A-O
t
be added to
all
.
Week's
Range or
Last Sale
Low
Range
2
Since
OutstandSurplus &
ing
Profits
Stock
1903
m
NA3IE
January 1
High No Low High Bankers National
100 Jan '05
100i4Eeb'05
103 14 Feb'05
103 Jan '05
103 Apr '04
65 Mar'05
103 Is J an '05
104 14 10414
98 Feb '04
luo
991a 100 14
loo
2,000,000 $1,071,611
29,045
143,388
1,402,444
64,53
1,783,400
1,327,281
4,63H
3,567,276
15,586
273,089
6,215,626
107,529
640,546
202,737
142,224
1,030,106
149,618
Calumet National
100,000
Chlcaso City
200,000
Chicago National
1,000,000
500,000
103 103 14 Chicago Savings
Commercial National.
2,000,000
66^2 Continental National,
82
3,000,000
50,000
103 ig 103 Hi i.'ook Co State Savings
12 104 14 10434 Corn Exchange Nat.
3,000,000
Drexel State
200,000
Drovers Dep National
600,000
First National
10034 Not'04
8,000,000
First Nat Ens:lewood..
100,000
Foreman Bros B'k'g Co
500,000
80
78 4
7834
68
Fort Dearborn Nat
79 Not'04
S 500,000
Hamilton National
500,000
80 Apr '04
1057^10814 Hibernian B'k'g Ass'n 1,000,000
1071a 1071a
100,000
100^8 Feb'05
10068 100-8, Home Savings
200,000
97
97 ^ Manufacturers Bank..
97
97
Milwaukee Ave State.
250,000
97iaMar'05
98
971a
95 "a
96
951a 961-2 Nat Bank of Republic. 2,000,000
90i<. National Live Stock...
1,000,000
86
89 S)
891a
North Side State sav..
50,000
99
95 100
99 "a
99 14 Oakland National
50,000
98iaMar'05
94
Peoples Trust & Sav ..
200,000
Prairie National
250,000
95
95 Mar'06 34 94
94i«
250,000
931a 95 H, Prairie Stats
941a
Pullman Loan & Sav..
300,000
96 "a
88
94 Mar'05
South Chicaao Savings
200,000
99 14 Mar'06
99 la State Bank of Cliicago. 1,000,000
99
stock Yards Savings ..
250,000
200,000
Union Stock Yds State
99 "a 100
991a Mar'05
U S Bank <& Trust Co 1,000,000
lOOiaDec'04
123 la Sep '04
lOSialOT^e Amer Trust & Savgs.. 2,000,000
107 la Feb '05
1081a 1031a 15 107-'.i lOS's Central Trust Co of 111 4,000,000
200,000
IO7I4 Mar'05
1061a 107ia t^olonial Trust & Sav..
200,000
Drovers Trust & Sav..
500,000
102*4 104 Tg Equitable Trust Co
104
104
102ial03'<. Federal Trust <fe Sav.. 2,000,000
103
103
First Trust & Savings 1,000,000
lOoialOtj'e
106^8 Feb'05
Illinois Trust <fe Sav.. 4,000,000
114 Nov'04
200,000
International Trust Co
81 J'ly '04
250,000
J ackson Trust & Sav.
200,000
Kenwood Tr & Savings
88 Nov'04
Merchan Loan <fe Tr Co 3,000,000
100
96
96
29 94
750,000
Metropolitan Trcfe Sav
70 MBy'04
Northern Trust Co Bk 1,000,000
90
80
90 Feb '05
88I4 20 8734 90'f Royal Trust Co
500,000
8734
Union Trust Co
1,000,000
95 97
95 Mar'05
Western Trust & Sav. 1,000,000
100 Jan '04
.
Chicago bo|nd
price
11^,104
251,372
953,827
1,291,452
I>ividend Record
In Per1904 iod
Last Paid
Q-J Jan
13
15
"12"
8+5 J-J Jan
12+3 Q-J .Ian
'12"
J Jan
J Jan
J Jan
8
8
6
6
12
12
J Jan
6
J Jan
J Jan
J Jan
J Jau
6
8
1112
8
12
10
6+4
Priv ate Ba nk
6
6
""8
"s
10
10
6'
6
15
"e"
6
12+3
Q-J Jan
j"-"j"
'05,
'05,
'05,
'05,
'05,
'05,
'05,
'05,
'05,
||
3
2
3
3
1>»
2
3
3
'05, lig
Jan
J-J Jan
'05,
'05,
J-J Ian
Q-J Jan
Jan
Jau
J-J Jan
'05, 3
'05,
lia
'05, 3
'05, 3
'05, 3
5,253
6
6
49,489 "e"
3,169 New Bank
55,90
"'8"
66,234
Q-J Jan '05, 2
"i38
175,541
8
8
Q-J Jan '05, 2
29,906
Jan '05, 1
5
Q-'j Jan '05, iia
594,422
6
85,724
5.734
New Bank
1.000,000 Proje cted I nsti tution
•<
1,374,721
1,397,006
97,541
6
1
5
7
4
44,73-<
6
6
8
5
450,000
8
850,544
4
59:1, 580
12"+"4
6,188,033
16
Prole oted I ustitu
53,846
J-J Jan
Q-J Jan
Q-J Jan
4
M-S Mar
Q-J Jan
'05,
'05,
'05,
'05,
•05,
'05,
Q-J Jan
'05, 3
Jan
1
II4
lia
4
1
tion
3,271 Besan Jan 3, i'90
Jan
12
12
3.583,904
Jan
231,537
6
6
Jan
1,680. .iOS
8
8
F-A Feb
427,601
6
6
n
530,140
171,955
•05,
'05,
.05,
'05,
3
3
2
3
Q-J Jan
'05,
Ha
8.
special dividend of
i Capital to be increased to «1,()00,000.
1i Includes
Also paid 12 ^% in Dec, 1903, iu stock ot First Trust & Savings Bank,
«olared Aug. 10, 1904.
* Bid and asked prices; na oales were made on this day.
a Due Dec. 31.
t No price Friday; latest price thla week.
)Due June, e Due April.
h Due July.
,
2
'05, 4
'05, 3
30%
BOSTON STOCK EXOHANaE-Stock
—Not
!ihare Prices
Monday
March 20
Saturday
March 18
88'g
Wednesday
2'hursday
Friday
March S2
March 23
March 24
9OI4 91
103 103 12
25812 25SI9
155 155
184
184
•307
76
180
146
148
148
75»-^
'
7512
....
*92
1834
•92
....
19
64
19
102
85
6434
203
205
209
•98
i4-2»4
138
"s
2914
107
*-6^
•121
24
-15
541a
98
98
98
1311813278
99 100
131 14 13234
993^
99
43 14
85
"{'14
23
24
24
91
•434
14434
29 \
107 1^
107
334
12-2
121
2938
•31a
2934
I0712
•3
334
•6I2
252
188
252
253
18914
4353 43*8
8412 84I2
43 14
85
202 a;200
II4
137
4
*6l2
608
129
100
127
99
9634
1164
Last Sale
Last Saoe
116
3434
3i>3p
95 3^
9 4^8
434
Last Sale
14158
139 4 140
136 1364
1434 144
138
14334 144 14
137
2938
3034
108
107
2934
2i>
107
107
•34 334 Last Sale
1214 1214 11934 121
334
23
•64
6=8
25a 4
2378
6 -=8
25334
2^34
2234
Last Sale
253 4 2534
188 xl85 185
43'8 4334
44
84 14 844
S314 834
200 200
201
187
4334
8412
200
1^8
23I4
23
894 904
434
2
134
'"iXi
13634 137 14
•II4
1374
249
248
934
934
II4
II4
1364 136 4
Last Sale
Last Sale
247 14 249
934
934
IO8I4IO84 1084 109
'
254
*34
111
8814
34
23
4
112
89
34 14
Last Sale
Last Sale
Last Sale
111
874
3;i°8
20
102
93
100
"v
y^sg
35 4
9434
••65
112
08
337^,
Last Sale
Last Sale
65
20
101
90
99
21
102
90
99
6
23
7 9 'a
78^8
797j,
7834
7934
20
2
1
1612
32 '4
•90
•97
93
100
<6^2
ti70
•10
•15
18
18
18
7
•37
•7
••34
6
23
79 4
12
'90
99
3434
94Sj,
93
99
6
1'4
1
64
•14
••75
16 14
30
•70
•70
678
634
670
1
1
534
6
•2214
7838
22 4
7739 78 4
Last Sale 11
Last Sale ^014
665
665
14
3034
6
'8
'4
76^8
16
79
Iti
79
75 14 77 14
IC'4
16
•8212 84
77
16
82
lOHi
234
3
11
28 »a 2«7g
11
6
2»38
4 "a
4'>8
9»8
4'-^
25
113*
••90
14 >4
•63
•3<^
*1>4
26»4
97 "a
2834
6I4
I6I4
3034
1
4
14
63,
67b
660
665
ll^e
1
14
3'e
IV
3
3
105
1.^
106
17
17
•I'b
•2'4
8
2'«.
2Wj
8
•134 "a 136
3
3
76»8
15
7934
80
7934
11
1034
1034
10
104
6
2818
6
2838
6
281*
28
434
434
4'4
434
25 4
117^
25 14
12
54
2734
44
23^8
1
1
11
6
144
334
37,
•1'4
11.,
2611 26 ^
97 '4 99 1.,
2«i.^
•i\
•II4
2S
7'«
133' 134 S
•3
31..
14
27
27
100 lul
2a 4 29
1^8
214
106
2'^
I214
lib
1434
633,
3'e
•
2
106
104
I'b
214
734
178
24
77,
134
134
25
24
25
114
117«
•90
134 14I4
6234 6234
80
3^-8
334
*1'8
14
26 4 264
98
[00
2«4 28 4
134
106
2i«
2 '4
V»8
34
34
loO
a
2
106
2l8
2^4
778
131
3
234
234
11
11
U-*
JO'S
ll^e
10
104
2534
9^1
26 '(
2612
2534
10
4O34
5
25
4
2678
2434
26 \
9^8
4034
97t
934
934
404
40'4
47h
97e
40»e 41
40-2
6
4's
•4'e
14
113
-2',
14
113
2
13 41 14
llVia 11234
234
-234
434
ia34
IBelorepay't or asweiiB'tH called
478
1334
112
112
2
41
14
•I'A
lu 1905.
434
134
112
112
2
)3-',
S,
21*
078
4-'4
4««
24 4
24^8
III4
IOI4 114
•90
•90
•90
13 4
52
52
13
614
*3^'e
14
26
974
28
134
104
130
•24
10
26 4
99 4
•2
2
40
'4
4=8
13
•134
2 '4
7=8
24
2^4
7»e
130
loO
25
94
'<
4"e
13
Ul
'4
112
2
'05
Calumet
<fc
Hecla
2
d Before pay'lot assess
530
Continental Zinc
32,it33
i',.V02
l,7te5
200
1,555
06
1,0U0
1,657
500
26
100
234
12
25
104 franklin
Consolidated. 10
6 Granby
283t Greene Consolidated. 10
4^ Guanajuato
Cou.sol..
24 -'b iMie Royaie (Copper).
1134 .Mass Consol
2;
2(.
.Uayhower
13 4 Michigan
54 'b .Mohawk
25
25
25
334 M onta.ua Coal <k Coke 25
26
14 Old Colouy
25
264 Old Dominion
100 -4 Osceola
25
2S4 l'arrotl(Sily<fc Copp) 10
!', Phuenix Consol
25
25
107 Quiucy
2
25
Uhode Island
2 '4 Santa Fe(Gold<fe Cop) 10
10
8
Sliaunou
130
I'amarack
26
'26
6
500
1,005
6,550
9,356
1,850
l,Li91
3,834
466
2,832
2,167
466
300
1,517
4,452
186
3,149
276
104
525
1,5 '20
1-28
415
25
26 14,496
loo
Mar'05 United Copper
UuitedStatcsMiuing 25 13,320
244
25
Unit States Coal <&Oil 26 2.300
94
5 6,957
4034
4134 Utah Con (Gold)
25
720
44
4 4 Victoria
Winona
26 1,906
13
13
293
Wolverine
25
111
111
"" ^fVtt\1,039
...... Wyandot ...... ...... 2
TTJ»1J*,V»'.
......
10
iH
Mat'(»5 I'ennessee
IOI4 Trinity
called lu 1904.
•BiUandaskeU.
1
534
70
Mar 8 8 Jan 11
Jan 25 24 Feb 23
Jan 25 81=sMarl3
8914 Nol
Jan IO4I4 N01
23934 J'ne 254 Dea
xl37 Feb 1554 Ceo
230 Mar 2424 NoA
Aug 1754Deo
Apr 174 Oct
Feb 3034I>eo
158
166
295
164
127
186
Oct
Deo
285
142
24>4 Jan 57
73 Jan 88
170 J'ne 175
imsep 24
J'n«
136 J'ne
rll64J'ne
180 J'ne
160 Apr
276 Jan
133 J'ne
Apr
804 Feb
Mai 79 4 Not
Aug 7314 Deo
J'ne 207
J'ly
Now 8t«ok.
tAss'tpauL
«
42 Feb
96 4 J'ly
Jan
40
87
Oct
Aug 163 4 Apr
Jan 232 Apr
159
222
198
74
68
29
May
14
Mar 1167, No?
864 Mar 974 Deo
May 173 Nov
160
89 Jan 93 4 Dec
108 Jan 114 Dec
16i4J'ly 174 Feb
374J'ly 43 4 Dec
143 Dec 146 4 Dec
7138
12 4 Apr
71 Jan
24 4 Deo
87 Deo
34 Feb
638^0''
Feb 27 4 sop
1224 Feb 1624 Nov
122 4 Jan 141 Nov
119i4Feb 1494 Nov
9 Feb 24 4 Nov
68 4 Jan 9434 Deo
3 Nov
4 Sep
1124 Jan 12234 Deo
74 J'ne 19-14 Nov
74Deo
54 Jan
230 Feb 266 Aug
al51 J'ne 194 Nov
36 Dec 444 Aug
17
7734
Mar
8434 Oct
J'ne 200
173
14 Apr
234
Feb 141
118
4 Oct
Jan
J'ly
9
Nov
Nov
Mar 243
208
Nov
Nov
Nov
4
17
Oct
8
64 Jan
0:9934 Mar
116
22 Dec
24 4 Oct
26
Oct
224J'ly
Nov
Jan
Oct
5
95 Feb 113 J'ue
45i4Feb 614Deo
28 Jan 32 Oct
2
6
204Deo
77
03 Deo
34 Nov
99 4 Deo
33 Deo
95 4 Deo
4 May
Jan
1034 Feb
Jan
40 4
&38May
5 14 May
60 Apr
64J'ne
75 Jan
23 4 Nov
Mar 01
76
7534 J'ne
t904Aug
75
^ai
Feb
Deo
Deo
Jaa
93
100
Aug
di»],e
778
(
21
Nov
Nov
8284
Mar
Dec
1
Mar
Feb
Feb
Feb
14
1638
25
20
J'ly
7
Feb
Mai
May
43
76
8
1'4
.-
No,
Deo
Deo
Apt
Jan
SOi^Jan
23i4No^
5234 Oct
26 4 Feb 17
t'
KoT
1624Jan
6 Apr
1854 Mjiy 199
1
Feb 9 12-% Jan 5
304 Marl3
2 Janl
Feb h
14 Feb23
75 Jau 25
1534 Jau 24 163^ Mario
35 Jan 3
2934 Jan 25
70 Jan 25 85 Maris
714 Feb 3
534 Jan 26
1)45
Jan 7 095 Feb 20
•15
10 Marl8
Mar 1
16 =8 Mar2-.; 20 Jan 4
8 4 Jau lb
6 Mar 14
30 Mar 2 4 40 Feb 9
12 Jan 3 1534 Jau 2u
64 Jan 25 a3 Marl4
124 Jau 4 18 4 Feb 15
60 Jau lo 82 Mar21
113 Jau lo 1164 Mai^l6
314 Jau 13
2 '4 Jau 3u
10 Jau 25 124 Jan 16
64 Mails
5
Jan 4
25 Jan 25 29 78 Alarll
Mai' 14
3 Jan 4
234 Jau 25 2a-'4 Jau I'l
93* Jau 7 13 4 Mario
14 Jau 12
30 Mar'2'z
1534 Mario
104 Jau
61 S Jau 10 56 4 Mar 9
34 Mar ^ 5I4 Jau 10
14 Jau lb
87 4 Jan 13
26 4 Jau 2j 28 4 Jau 3
88 Feb 9 103 Mar 14
27 Jau 25 30 Jau u
3 '4 Jau 14
134 Mar2-.i
104 War 21 118 Jau 17
14 Jau 6 2^2 Feb 21
24 Jau 2.1 3 Jau lb
9 Jau 3
6=8 Feb 6
121 Jau 9 140 Marl 4
3 7e Marl3
Feb A
2
29 Feb2- 35 Jau 19
13=8 Feb 1
7-'e Jau 2(j
y
Marlu
9 Mario
21 Jan 2:, 27 4 Marll
94 Marls 113« Jau 6
39-\ Mar 4 434 Jau 10
4=8 Mar2;i
Jau 13
Jau 25 154 Feb 21
11
10.-.
Jau 4 120 Feb 10
27, Feb 21
— |f^..vwA
^ Q..HH
I'b Juu 9
Higliett
Mar
64
88
11
120
200
Copper Range Con Col 00 29,781
20 1,5U2
15 4 Daly. West
81
Dominion Coal
100
345
Do pref
Elm Kivcr
1
18''4
2,43
77
Tecumseh
3
40
4
106
Last SaCi
94
7
134
10-V
2438
•1
14
104
•134
2 '4
74
'4
3=8
334
BostouUouC&G
(rcls)£l
25
10
Catalpa (Silver;
18 Centennial
26
Mar'uii Central Oil
25
^30
Uous Mercur Gold... 5
67fc
•90
134
26
99
28
Last Salr
11
«9'a
25
25
134
Mar'OO .Arnold
25
1638 Atlantic
25
31^4 Bingham Con Mind; h 50
•80
B<>uanza (Dev Co)... 10
Arcadian
Jau
744 754
15 4 15 4
61*
283^
6ifc
53
734
77
154 16
81 14 81 1<
76
284
11
2^34
40b
141,
2
•2I4
30
•24
104
63 14
^ja-a
18
14
74 Last Sale
^34
24
234
14
2
106
17 4
...„.
63
li
54
27
99
29
1134
•90
16^8
•7
26
6 AdventurtCon
25
224 AUouez
79'^,, Amalgamated CopperlOU
665
665
Last Sale /5 4
78
16
82
116
25
25
18
7I4
-37
•7
116
•234
1708
714
•37
Lowest
iVlining
Feb'uS Amer Gold Dredging 5
Mar'0.'j Am Zinc Lead & Sm. 25
16
31
>*
Last Sale
10
Sighest
H
.•Inaconda
164
314
Lowest
Sharei
'J
22
14
Bange lor Prexioxt
Year (1904)
Week
EXCHANGE
NTN
•15
•7
6
2214
7778
75
6U0
18
"95
23 14
80 'b
17
32
17
32
670
•10
93
100
12
••70
6 78
•90
1905
the
Uailroaiis
8934 Atoh Top <fe Santa FelOO 7,280 85 4 Jan 25 9338 Mar 9
894
1023.
102
111 99 4 Jan 25 1044 Mar 9
100
Do pref
258I4 258 14 Boston & Albany
100
179 254 Jan 3 259 Feb 27
15478 15536 Boston Elevated
100
253 a;151 Jan 26 158i4Jan 5
2484 Boston* Lowell
100
51 242 4 Jan 3 249
Marie
181
181 Boston & Maine
100
155 173 Jan 3 1854Marl4
10 171 Jan 6 1744Mar21
Do pref
100
'305
10 305 Jan 18 307 Feb 28
Boston & ProTldencelOO
34 14 Boston&Wor Elec Co...
334
4,283 134 Jan 17 35 Mar22
764
784
2,076 63 4 Jan 17 784Mar24
Do pref
'175
178 Chic June Ry <fe U S Yl 00
76 150 Jan 13 182 Mario
13 124 Jan
132 Feb 8
Do prel
100
188
Feb '05 Con<fe Mont Class 4.. 100
186 Jan - 188 Feb 24
165
Mar'05 Conn & Pass Kiv pref 100
1604 Jan 19 165 Feb 6
295
Mar'05 Connecticut River. ..100
285 Janl" 295 Feb 7
*146
I46I4 Fitchburg pref
148 Maris
100
89 142 Jan
75
Mar'05 da. Ry & Electric
59 4 Janl
76 Mail4
100
92
92
92 Mar24
100
33 86 Jan
Do pref
185
Mar'05 Maine Central
175 Jan 24 186 Mar 9
100
1834 Mass Electric Cos
184
100 1*385 134 Feb 11 194 Mar 9
744 55 14 Feb 11 65 Mar 8
Do pref
100
24 4
25 4Marl4
50 2134 Jan
254 Mexican Central
100
02
2024
H <& Hart.. ..100 1,002 198 4 Jan 2104 Feb 4
16?
Feb'05 Northern N
165 Jan 19 167 Feb 23
100
?32
232 Jan 24 232 Jan 24
Jail '05 Norwich & Wor pref 100
209
210 Marl 4
Old Colony
38 206 4 Jan
100
1004 1004 Pere Marquette
102 Feb 14
100 79 Jan
100
•
85
87 Feb 6
143 78 Jan
Do pref
100
72 Jan 19
604 Mar'05 Rutland pref
604 Mar
100
17 Mar20
45 15 Jan 1
Savannah Elec com. .100
"544
65 Jan 13
15 60 Jan
Seattle Electric
100
100i4Peb25
984
198 93 4 Jau
984
Do pref
100
1294 1314 Union Pacific
1374Feb25
100 27,811 113 Jan
994
994
74 9634 Jan 1 101=8 Feb 20
Do pref
100
175
Mar'06 Vermont & Mass
172 Jan 18 175 Mar 2
100
99 Mar21
113 93 Jan
West End St
50
1164 1164
77 112 Jan
1164Mar23
Do pref
50
2^38
Mar'05 Wisconsin Central. ..100
21isJan2
25 Feb 23
43^ Dec '04
Do pref
100
146 Mar 20 146 Mar20
WoicNashtfe Roch..l00
Aliscelloueous
23*8
233, Ajner Agricul Chem.lOC 8,255 194 Jan 25 25
Mar21
90
91
Do pref
100
839 86 Jan 3 93 Marl3
434
434 AmerPneuServ
6 Feb 20
4 4 Jan 21
200
50
22
Mar'05
20 Jan 17 25 Jan 5
Do pref
50
14
141
Amer Sugar Relin
100 7,462 139 Jan 25 149 Mar 2
136 4 1374
435 136 Mar23 140 4 Mar 7
Do pref
100
144
1444 Amer Telep & Teleg.lOO 3,009 142 4 Jan 24 148 Jan 4
301. Amer Woolen
2934
100 14,201 21 Jan 23 31 Mar21
108
108
Do pref
100 1,901 9214 Jan 3 1084Mar2l
Mar'OS Boston Land
3i4Marl3
0^4
3 4 Jan 23
10
II9I4 II9I4 Cumbei'l Telep & Tel lOU
155 119i4Mar24 124 Jan 6
2334
233, Dominion Iron & St
2,230 17 Jan 24 2478 Mar 16
6=8
Mar'05 East Boston Land
64Mar 8 734 Janlo
•2534 253 4 Edison Elec Ilium.. .100 ""75 260 Mar 3 254 4 Jan 24
185 4 185 4 G-eneral Electric
193 182 Jan 25 191 Jan 17
100
44
44 Mass'chusettsGasCoslOO 2,702 38i4Jan 6 45 Feb 10
84
84
Do pref
883 SOI4 Janlo 85 4 Maris
100
200
200 Mergentlialer Lino. .100
50 191 Jan 5 202 Mario
1=8
2 Jan 4
1
Feb 6
1=B Mexican Telephone.. 10 3,855
137
137 X E Telephone
285 134 Feb 17 140 Jan 5
100
234 Jan 9
Mar'Ou PlantCom t'st stk com 100
1 Feb 24
Ihe
10 Jan 6 17 Jan 10
16
Mar'Oo
Do pref
100
249
250 PuUmanCo
918 238 Jau 3 2524 Feb 28
100
•934
10
8 4 Jan 12 10i4Feb23
Keece Button-Hole.. 10
9
1084 1U8 4 Swift & Co
221 105 Feb 24 114 Jan 6
100
'05 Torrington Class A.. 25
iS
23 Jan la 23 Jan 18
Jau
26
iiill'Oo
25 4 Jan 5 26 14 Jan 16
26
Do pref
4 Jan 6
3 Jan 27
Feb '05 anion Cop L'd & Mg. 25
3
1114 112 United Fruit
100 1,471 105 Jan 10 115 Feb 20
89
8J
United Shoe Mach... 25 2,550 6I34 Jan 3 954 Feb 17
33=8
o33,
Do pref
25 1,403 31'38Jan 3 394 Feb 16
12 jMarl5 14 4 Jau 16
12
Mar'OS US Leather
100
1004 Jan lu I06I4 Feb 16
1U6H Feb '05
Do pref
100
100
U S Rubber
8 3478 Jan 4 43 14 Feb 17
1124 112 4
Do pref
100
49 9878 Jan 5 113 Feb 21
3.'.34 U S Steel Corp
35
100 24,519 28I4 Jan 25 374Marl3
95
95 7^
Do pref
100 10,246 9II4 Jan25 9738 Marl 3
60 Feb
674 Jan 20
OU
Feb '0 J WestEndLand
25
'20
21
West Telep & Teleg.lOO
426 18 Jan 17 224 Feb 6
97 4 Jan 24 104 Feb b
101
101
100
Do pref
135
*90
93 Westing El & Mfg.. . 60
3 88 Jan 10 92 Mar 9
95
98
Do pre!
50
9 92 Feb 8 99 Mar20
30
II4
••75
•75
7
•75
3334
9334
Las i Sale
-2014
204 20
1014 iOl 101
20
'
6
6
670
*-75
3.)
'•65
20
4 101
30
•lia
ISi ••75
I6I2
17',
•313^
32
34
967g
101
11
12
11138 1113s
36
£ange jor Year
Sales
of
'.'.'.'.
9«4 984
41
35 Hi
22
670
•15
24
1404
44
84I2
13734 •137
6
22>2
•17
32
Last Sale
23
253
44
1^8
22
*-75
85
914
•44
1S838 18S38
200
6
23
1^8
85
23
I2II4I2II2
24
24
121
2334 24
41
6
210
90
5
'
20 »a
102
•91
*95
209
9t;34
116
116
91%
248 24812
245 »i 246 12 246
9I2 10
•9
«9
10
10
110'4ll0'5 a;108 1^10812 '1081210912
•
23
23
23
•2512
•2512....
•25 "-^
•312
•3 4
•*3>2
4
4
4
11 14 11212
112 112 '4 IIII4II2
89 lo
8934
89
89
90
90
34I4 ^414
34^4
34»«
34
34
•65
2434
2014
Last Salt
Last Sale
•544
98
12834 1307g
245
35
98
86 1«
....
93
•20
23
1411^14212
138 138H,
144 I4412
2934 31
107 108 '2
24
138 138
143=8 144 12
13714 138
'1^4
•15
25
9II2 9II2
14134 14234
l^e
63
146
\
253
174 18
63
•2334
20034
....
•544
98 14 99
116 116
99
II6I2
*434.
I8734 188'B
•92
Last Sale
23 7j
92
24
209
85 14
•5412....
98
24
143
138
Z209
100
....
17
2514
203
201
85
17
6»e
253
210
86
143
2334
91'2
•434
....
•2414
204
86
•97
98
98
115 "a 115 "2 *116
144
•241a
5413
131>r2l323t
•99I3 100^2
76
1774
'177
'125
Last Sai'c
Last Sale
Last Sale
145 41454 143 1464
Last Sale
75
184 184
6278 634
2512
85
•15 ....
•64 >a....
98
97
337e
Last Sale
•2412 2612
204
176
•93
19
63^8 64
....210
•210
•100
85
'
19
64 "a 6434
24 >4 24^4
2U4 2U5is
76
1874.
•92
19
334
7578
176
75
'
35
Weekly and Yearly
'
'305
7578
14512 146
146
'
248
180
174
180
174
33
187 12.
'I8712.
183
174
'305
125
125
*187i2
88=8
88
101 7g 1024
258^4 258I4
155 155
15o3gl554
248
248
305
34
76
180
32
76
32
76
180
89=8
248
182
174
182
182
I74I2I74I2
j;305
3II2
3134
76^2
17934 1793,
31»4
76>i2
88
103 1^1034
258 2584
248
'
185
STOCKS
BOSTON STOCK
Tuesday
10234 10234
258 "^4 '258 Vi 258'2 25812
15512 '155 156
15512
•248
248^4
248
184
Per Centum Prices
March 21
90
89
887,
Record, Daily,
19
39
6
Oct
435
Jau
14
4 Feb
05
(t
Apr
678 J'ly
20 J'ly
7 4 Apr
38
1034
40
Oct
Nov
Nov
14 Nov
224 Nov
3334 Nov
ISje Nov
778 Nov
700 Nov
25 Nov
1 3234 Nov
2934
3
76
10
Maj
Jau
14
Oct
Feb 744 Nov
Aug 36 Jan
J'ne 72 Jan
116 Nov
4 Nov
16 4 Nov
51I16N0V
Oct 34 4 Deo
103
J'ly
134 J'ne
J'ue
7
2 •'^8 J^lar
20
024 Feb 6 Deo
May 364 Nov
Feb 1 9 78 Deo
46 J'ly
2 Nov
34 J'ue 114 Deo
34 4 F«l) 67 4 Nov
634 Aug
24 Jau
50 J'uc 24 Nov
I) 1.J
d 3
4 Feb
Feb
2034 Feb
y
53
29 4 Deo
98 Nov
33 4 Nov
d-bO Aug t6
80 Feb 126
Muj
14J'ue
•50
3 4 Aug
86
Ma)
-iS
J'Uf
Nov
34
Mai
Mai
18 Jan
8 4 Jan
334
30
2
5
09
50
w
Jan
Nov
,Nov
Nov
Nov
Nov
140 Nov
44 Nov
434 l>eo
184 Nov
6 Mar
3
34
1034
2834
1234
47
Deo
Nov
Nov
638N0V
Feb 13''k Nov
Jau 110 Nov
Feb )3 Nov
—
—
4 J'ne
•
Ex-rlfhts. al£x.dly, Anghta.
Mae.
BONDS
boston stock exch'ge
March 24
Nebraska
9678 Sale
AtcliTop&SFeseng4s..l995 A-O
J'ly 1995 Nor
Adjustment g 4s
Boston Elect Light 1st 68.1908 M-S
1924 M-S
Consol 5s
&
lowaDiv
F-A
.\1-N
101
F-A
J-J
J-J
112
J-J
J-D
87
Sale
105
F-A
J-J
J-J
M-N
J-D
107
108
J-J
W
10234 10234
991a 9934
11^
81
87
9513 96»8
1081a J-an '05
106'8l08
99ial00i4
IOOI4
100 14
1261a Mar'05
1261a 1261a
Feb'05
108
126
108
126
lOSia
IO8I4 1081a
10914 Mar'02
J-D
A-0
112i4Jan'03
101 Mar'05
99
99
108 la Mar'Oo
A-O 101
A-O
99 100
M-S 1081a
M-S 103 103 1^
M-S
M-S
A-O 140
A-O 140
J-J
Q-J
99
98
llli4May'02
1401a Mar'05
1401a Mar'05
99
981a
98=8
101
100
101
10734 1081a
103 1031a
IO318 1031*
102 la Apr '04
Sale
139
135
1401a
1401a
IOH4
981a
98«8l00ia
98^8
Note— Buyer pays accrued interest in addition to the purchase
Philadelphia and Baltimore Stock
Monday
March 20
March 21
88
106
Saturday
106
Tuesday
'
ACTIVE STOCKS
f^riday
Ma/rch ?4
•871a.
93
103
lOSia
I25S3
981a
9434
106
1051a 1061*
70 Sa 7679
25
25
767f,
96
94
106
IO6I4
1110278
10278
104i4J'ne'04
^102^8
Jan
'05
1251a Mar'Oo
124341251a
103 Is Aug'04
102
102
Mai'02
971a Feb'05
1061a 106 la Mar'05
107 Feb'03
104 Nov'04
131 Sale 131
131
1111411215 113 Mar'05
100
97
97 la
1041a IO634
....
106
1118
103
24 103
Jan '05
iii'4""! lllia Dec'04
and asked.
latest bid
Daily,
1i
1191
1031a
105 Vj
91
Flat price.
Weekly, Yearly
Range
Jiange tor Tear
lor J^evioui
year (1904)
1905
the
ifl
IO6I4IO6I4
10234 Apr '03
1031* Jan '05
IO5I4
105
1191
;
1136
T!92isT195ia
102i4Sep'04
IO6I4 Mar'05
1041a 105
la
107iall4ia
Tigsi
1193
Sales
881a 88 12 Consolidated Gas
106 106 Northern Central
'I914 1934 seaboard Air Line
Do prel
101
9713
102iaAug'04
95
95
1021a Dec'04
103 Aug'04
103 Apr'04
IO6I4 Feb'05
100 Dec'04
100 Dec'U4
96
95
Friday
01
(For Bonds and Inactive
Stocks see below)
Thursday
7673
1906
1907
1908
1915
1905
1905
1924
No price
100
108
125
25 Mar'05
llj38Nov'04
75 J'ne'03
Exchanges— Stock Record,
March 23
Wednesday
March 22
76
Old Colony gold 48
Oreg Ry & Nav con g 4s.. 194(3
1922
Oreg Sh Line 1st g 68
Repub Valley 1st s 1 6s. ..1919
Rutland 1st con gen 4ias.l941
Rutland.Canadlan I8t4sl949
Savannah Elec Ist cons 58.1 952
1930
Seattle Elec 1st g 5s
1918
Torrington Ist g 58
Union Pac RR & 1 gr g 48. 1947
1911
1st lienconv 4s
United Fruit conv gen 58. 1911
U S Steel Corp 10-60 yr 58.1963
West End Street Ry 4s.... 19 15
Gold4ias
1914
Gold debenture 4s
1916
Gold 48
1917
Western Teleph & Tel 5s. 1932
Wisconsin Cent Ist gen 481949
Wisconsin VaUey Ist 7s.. 1909
price lor all Boston Bonds.
Share Prices—Not Per Centum Prices
March 18
1912
N Y& N Eng 1st 78
100 la 1021-2
100i8Nov'04
1201a Sep '04
102 J'ne'03
118 Mav'04
Mara Hough&Ont 1st 68.1925
Mexican Central cons 4s. .1911
Jan 193y
lstconsuic3s
Jan 1939
2d cons inc 38
Mich Telep cons 5s tr rec.l92y
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 58 1929
1st 6s
10734
126
108
10134
100
10H«101'8
101 Jan '05
IO8I4
....
108
12538 125\ 1251a 12558
98 14 Mar'05
98
94 la Sale
931a
941a
IO414I05 104 14 1041a
la Mar'05
10538
105
73. ..1912
1
Miah Xo Low High,
Ask Low
108
Ist 7s. .1907
6s
63
5s
January
aqct
101 ig Jan '05
io2h; 1021a 1021a
r.'Si8J'ne'04
'.
M
New Eng Teleph 6s
Feb '05
107 108
100
12612
126
10712 108
A-0
Bid
deben 58
1910
Non-conveit deben 5s. ..1913
la Falls <fe Sioux C Ist 78. .1917
Kan C Clin & Spr 1st 5s...l92.'>
Kan C Ft S & Gull Ist 7s. .1908
6s. ...1928
Kan C Ft Scott &
1934
KanCMcfe B gen 4s
1934
Assented income 58
Kan C & M Ry & Br Ist 581929
Maine Cent cons Ist
Cons 1st 4s
Jiange
Since
Eange or
Last Sale
Illinois Steel
J'ne'04
9658
J-J
Week's
Price
Friday
March, 24
LRifeFtSmldgr Ist7s...l905
101\ Mar'06
106 14 Dec '02
99 14 Dec '04
M-K
M-S
BONDS
boston stock exch'ge
Week Ending March 24
KanCStJo&CB
'04
Jan '04
IOOI4 Feb '04
M-N
W
9738
Sep
100
107
A-0
Chic & No Mich Ist gn 5s. 1931
1921
Mich gen 5s
Chic <fe
Concord & Mont cons 4s. .1920
Conn<fe Pass B Ist g 4s. ..1943
1927
Current River 1st 53
1st 48... 1946
DetGrRap&
1913
Coal Ist 68
Dominion
1906
Eastern 1st gold 68
1915
ritchburg 48
1927
4s
Fremt Elk<fe Mo V 1st 68.. 1933
1933
Unstamped 1st 6s
Gt Nor C B <fe Q coU tr 4s 1921
1921
Registered 48
94 14
Mar'03
1291a Sep '04
II714 Feb'03
86
87
M-N
M & St P Wis V div 68192U
102ifl 10234
102^4 Feb '05
9934 Mar'()5
100 J'ue'Ol
9912.
A-0
W
108
II212 Jan '03
II212 Dec '04
J-J
191ii
Debenture 5s
1922
Denver Exten 4s
1927
Exten 48
Nebraska
1921
8 t 4s
B <fe S
1949
imnois Div 3112S
Joint bonds See Gt Northern
Ohio Jc Ry & Stk Yds 58 .1915
Coll trust retunding g 481940
Ch Mil <fe St P Dub D 6s.. 1920
Ch
1
97»8
110
1919 A-O
1st 4s
V
961'.
94
108
Feb '04
104^2 Apr '00
117 Feb '04
9978 Jan '02
Lowell 4s
Maine4='2S
<fc
1
9934IOUI4
1
10234
10234 Sale ioa'4
9612 9710 96 "2
J-D
1907
1944
1905
Improvement 48....
Bostcfe Mon 3<i issue 7s... 1904
Boston Terminal 1st 3^28.1947
1918
Bnr & Mo Biv ex 6s
1918
Non-exempt 6s
1910
Sinking tund 48
& Boston 1st 68 1917
Bntte
Cedar Rap & Mo R 1st 7s. 1916
1909
2d 7s
Cent Vermt 1st g48..Mayl92U
Chic Burl & Q extend 48.1905
1919
Iowa Div 1st 5s
Boston
Boston
Jamiary
400
96'f.
Mar'Oo
108
Since
o
10014
9612
1st 78.
2
High No Low High
Bid
Ask Low
lOOHlOCii 100 14
1908 J-J
Am Bell Telephone 4s 48.1929 J-J
Am Telep & Tel coll tr .1908 M-S
Range
Week's
Jiange or
Zast Sale
Price
Friday
Week Exdixg Maech 24
Atch &
1165
Boston Bond Record.
25, 1905.]
Week
Lowest
Share!>
Highest
Highest
Liowest
Baltimore
90
88
106
1878
16»4
Id's
1536
1878
15»8
-8713 881a
88
88
108
187e
381a
141a
187e
381a
141a
'IS'e
14
14
1478 United
14'a
Ry &
88iaMar24
Feb 24
2018 Jan 3 J
39i8Jan 4
430 8434 Jan 11
100
50
100
100
Electric.. 50
22 10214 Feb 16 110
300 16 Jan 13
100 35 la Jan 1
842 13 Jan 19
Mar
18
3
571a Jan 86 Deo
J'ne 1091a Deo
7 J'nt 1973 Nov
1334 J'ne 40
Nov
534 J'ne 15i4Dec
71
Pliilndelphia
•521a 623^
261a 27
7
7
131a 131s
1178 12
47
47
lOoia 1051a
85 »8 65 'f
479
47s.
716ia 7]9i6
461a 46^4
IOI3 101^2
•o2ia 523^
27
27
7
13
1178
1434
13
12
13
12 14
1434
10 la
434
7112
47 i8
10 'e
3034 3118
4736 48ii6
46
46iie
451a 45it>
5878 5878
59
115iall6ia
21
21
PHILADELPHIA
*106
66
48
107
10
50
BeU Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Consol Trac Pitts
50
Preferred
50
Duimond State Steel...
Prelerred
Easton Con Electric... 50
Elec Storage Batt
100
Preferred
100
German town Pass
50
Harrison Bros pref . 100
Indianapolis St
100
Inter Sm Pow & Cheni.50
Minehill
&
61a
Ask
6»4
60
43
Susqueh Iron
&
Tidewater Steel
Prelerred
Steel..
io
10
Preferred
•
13
12
•13
15
47
6534
45b
1.^
*46
105
65
106
65
H.
i\
41a
7OI18 7058
4618 4634
10 Sg 1078
4-'«
4S
7078
71i-.>
47
47-'4
1034
10 V
30 14
30 Sa
30->R
30
4638 47I16
*4534 46
45
59
45
59
114=8 11534
47i8<7iii«
*4534 46
•4539 45*8
*5878
116
59
LI6I4
PHILADEI<PHIA
Bonds
E ext 78 1910 A.O
AmRysconv58 1911. J-D
Atl City Ist 58 g '19. M-N
21^2
Al Val
BaUs Ter
10334
II3I4 114
103
93
90
102
106
Me l3t 58 1949 J-J
Ch Ok & G gen 5s '19 J-J
E & A 1st M
85
Elec
&
5s 1920
Peo Tr stk
M-N
tr ctls
Elm & WU 1st 68 '10.J.J
Eq II Gas-L 1st g 5s 192b
P
30
32
Indianapolis Ry 4a. 1933
Interstate Rys—
3-3 ia-48
113
Lehigh
12 la
31a
106
107
101
471a
48
"9934 100
2
2ig
1«4
2
6
63
6l4
67
F-A
1943
Nav
Newark Pass con 5s 1930
fc834
63
6334
IOOI4
Bid ana asked prices; no sales on Uua day.
1)
Lioweat
la
305
731
13,653
A&O
col tr 4s '21. J.J
Ry con 5s
s 1
Jan 13
45 H Feb 2c
42 Jan 9
58i4Mar 9
1051b Jan 6
20 Feb2^
Mar
47 Feb
46I4 Mar
1930
5s 1930. J.D
BA1.TIM011E
Inactive Stoclts
Atlanta* Charlotte. .100
Allan Coast Line RR 100
Atlan Coast L (Conn) 100
Canton Co
100
Georgia Sou <& Fla...lOO
Ist pre!
100
2d pref
100
G.B-S Brewing
100
Mt Vernon Cot Duck
Unit Klec L & P prel.50
215
Bid
103
77
3959
I
Ask
10358
77-4
126
113
106
8
9
107
.M.N
Ry con58l932 M.N
.5s. 1932 M.S
Chas City Ry Ist 58 '23 J-J
1031a
109
ex-cUviaend.
i-j
1|
Kx-righta.
t$15 paid.
%
Mar 46 Dec
Mar 42 la Dec
38
28
5
45*4 Jan
Mario
Jan 17
59i4Dec
81
May 108
Dee
1934
Oct
J'ne
BALTIMORE
Ch.is Ry G & El 58 '99 M-S
Charl 0& A ext 5s. '09 J-J
63 1904
J-J
Series
58 1926
J-J
Series B os 1926
J-J
Pitt Un Trac 53 1997. J-J
Poto Val 1st 5a 1941. .J.J
SecAvT(Pitts) 5s '34 J-D
Sav Fla & West 5s '34 A-<
Seaboard L 48 1950 A-O
.Seab & Roan 5s 1926. J-J
A
Va Mid
1061a
1st 68 1906.. M-S
2d scries 68 1911. ..M-S
3d series Ga 1916. ..M-S
4th ser 3-4-58 1921.
5th series 03 1926. -M-S
Va (State) 38 new '32. J-J
MS
Baltc&Pl8t6smril A-O
Ext& Imp
t
South Bound 1st 5s. .A-O
UEl L&Plst4i2S'29.M.N
Uu Ry<fc Kllst4s'49 M.S
Income 4s 1949
J-D
Refunding 3133 1952J-J
Coiiv(.-rtible 5s. '06
Aug 44 13 Nov
9
•-
tl838Dec
III4N0V
1413N0T
621a Jan 1311a Dec
3334 Feb 59 7, Dec
4 la Nov
278 Mar
5573 Mar 70 Dec
3758 May 4358 Oct
May lO'sDeo
5
8 Jan 19 Nov
19i3.Mai 4II4 Dec
A
112
120 i2l"'
1021a 105
Cent'l
103
109
20
Dec
Nov
22
Bid
Ask
97
hi
108
II714
110
II6I2
113
112
8
113
Bait Trac lst58.. '29 M.N
No Bait Div 5s 1942 J-D
138 May
734 Feb
5 la J'ly
GeorgiaP lst6s...'22 J-J
GaSo ifc Fla Isl 5s 1945 J-J iVi'ii
983, 99 14 G-H-SBrew3-4sl951M-S
56
2712
2d income 5s 1951 M-N
85 S.
85
11634 Kuoxv Trac 1st 5s '2SA.O
Gala Lakeli El Isl gu5s'42M.S
65
-M etSt( Wash)lst53'25F A
.Mt Ver Cot Duck 1st 5s.
77
Incomes
32",
Npt N&O P Ist 58'38 M-N
General 53
1941 M.S
370
Norfolk St 1st 5s'44..J.J il2ia
"92ia 95
Nortli Cent 4 i-js 1925 A-O 111
Atl Coast L(Ct)ctf3 53 J-D
Ctls ol indebt 43
J-T
Bait CPass 1st 5s '11 M-iN
Bait Fundg 53.1916 M-N
Exchange 3 las 1930 J-J
28
26=8
leMay X 9 la
103 1^ 104
lUia
10-214
iu"
Jan
59
1171a
9
Oct
51
J'ne
1818 May
1910 A-O
City & Hub 1st 5s. .'22 J-D
Oity& Sub(Was)lst5s'48
Col &Grnv 1st 6s. 1916 J-J
Consol Gas 6s. ..1910 J-D
1939 J-D
5s
Ga& Ala 1st con 5s '45 J-J
Ga <Jar &, N 1st 5s g '29 J-J
IO8I4 10834
Pot 5s
4934
43
2d 7s
115
Bonds
<fc
2836 Feb 17
8=18 .Tan 4
1534 Jan 4
1258 Feb 20
1714 Jan 27
49 Jan 26
lUig Jan 3
70 Feb 25
439 :dar24
534 Jan 17
67 la Jan 25 7334 Marl 3
4034 Jan 25 4734 Mar24
9=8 Jan 11 III4 Feb 24
1 1734 Jan
4 §3238 Feb 24
Ch Ist 7. ..1907 J-J 106
Allan C L RR4sl952M-S
Pa & N Y Can 78 '06. J-D
Con 53 1939
A-O
Con 4s 1939
A-U
Penn Steel Ist 58 '17 M-N
People's Trtr certs 4s '43
P Co lat& col tr 5s'49 M-S
B
53 H Mario
14
251a
Atlife
Income 4s 1939. ..M-N
Md
<fc
Anacostia
II518
No Penn
1st 4s '36. .M-^'
Deben 6s 1905
M-S
Penn gen 68 c 1910-. Var
Consol 6s
1905. ..Var
Consol 5s c 1919. ..Var
Penn <fc
Steel con 6s.
W
Welsbach
89 14
RRs 4s g
1914. Q-F
Gen M 4 las g. 1924. Q-F 109
Leh V C 1st 58 g '33. .J-J 115 II514
Leh V ext 48 Ist 1948. J-D
2d 7s 1910
M-S 1153< 116
Consoles 1923
J-D
Annuity 6s
J-D 151 la "152'
NY Ph& No 1st 4s '39 J-J
6,20H
2,630
4,^51
;2,954
10,590
2&,440
32,775
44
U Trac Ind f;en5s'19.J-J
Un Rys Tr ctls 4s'49J&J
U Trac Pit gen 5s '97 J-J
11434 115
1007e 101
4ias '14. Q-J
Gen cons 48 ad-int ctls.
Leh V Trac lst4s '29. J. 1)
New Con Gas 58 1948 J-D
230
Terminal 5s g 1941. Q-F
Rochester
H & B Top con 5s '25 A.Q
ii
7,153
165
100
ConM 6sgl911....J-D
Ex Imp M 43 g '47. A-O
ConM ot '82 48 '37-J-.T
110
Ry 1st con 5s 1932
ConTracolN J 1st 5s. '33
M
M
M
1171-i
Col St
76
460
1,4
Phil Elec gold trust ctls
Trust certif s 48
P & E gen
5 g '20. A-O
Gen
4s g 1920..
Ph & Read 2d 5s '33. A.O
Con
7s 1911
J-D
1191-i 11934
Ist 5s 1926. J-D
16,036
PHILADELPHIA
Ask
Bid
Choc <fe
59
Westmoreland Coal. ..50
U's
14
*46
47
105 105
6438 65
Che&DCanlst58'16J-J
United N J RR & C. 100 273 1^ 275"
Unit Pow & Trans
25
United Trac Pitts
50
Warwick Iron & Steel. 10
West Jersey & SeaSh.50
61^'ifl
•1234
*1178
Bethle Steel 68 1998. Q-F
Schuyl H..50
50
Phil German & Norris.50
Phila Traction
50
Bailwiiys General
10
461a
106
613,„
678
Jan
Feb 2
6=8 Mar22
13 Jan 26
10 la Jan 25
10 Jan 9
40 la Jan 7
105 Jan 25
521a Jan 9
48
50
50
Consol Lake SuperiorJ.lOO
Do pref.t
100
Electric Co ol America 10
Gen Asphalt interim ctls..
Do prel interim ctls..
Lehigh Coal & Nav
50
Lehigh Valley
50
MarsdeuCo
100
f ennsylvania RR
50
Philadelp'aCo (Pittsb) 50
PhUadelpliia Electric. 25
PhUa Rapid Transit i.. 50
Reading
50
Do 1st prel
50
Do 2d prel
50
Union Tracton
50
United Gas Impt
50
Welsbach Co
100
Berg&EBrw Ist 6s'21 J-J
481a
10
50
Pennsylvania Salt
50
Pennsylvania St eel.. 100
Preferred
100
Phila Co (Pitts) prel.. .50
461a
>-105
'SSia 53
American Railways
27 14 27 3h Cambria Steel
21ifl
50
Haven Iron & Steel. 5
North Pennsylvania. .50
Penn Gas Coal
5u
678
141a
4'!8
Nesquehoning
N
521a
2738
12I4
1178
434
Keystone Telephone ..50
KeystoneWatchCase.lOO
Lake Superior Corp.. 100
*52
27
6=8
G^s
6638
434
. .
Little SchuylkiU
27 la
7034 715l6
711a 711^16
4758
47
461a 467f,
107g 10 '8
1034 1078
3034 3l3^
30
3034
48 1* 46IS18 471a
477i6
*4578 461^ •4579 46 14
451a 45\ *45
451a
5878 5878
5878 5878
lieS) 1167^, 1161a 11636
Bid
American Cement
AmerIron<fe Steel
Lit Brothers
521a
27
6434
inactive Stoclu
Preferred
*52
1434
*4734
4»8
713i6
4638
678
1434
106
651a 66
3034
473g47i3j3
•451a 46*4
•45I4 4534
llSSf.
678
7
I314
1218
106
30
59
115
*52ia 523,
2714 2778
119
Funddebt2-3s 1991.J.J
West
N C con 6s 1914 J.J
WesVa C&P 1st Gg'll J J
Wil
& Weld 5s. .1935. J-J
Beorganization certs. $3 asaess't paid,
i
57
28
331a
96
114
xii"
us
116
115
9934
97 la
981*
91
94 14
65
643,
101
110
117
110
114
96
96 K,
115
112
118
$20 paid.
THE CHRONICLE
1160
Volume
Business at Stock Exchanges
ol
KXCHANGE
TBAJSSACTIONS AT THE iJEW YOBK STOCK
DAILY. WEEKLY AND YEARLY
atocks
Week vndinQ
March 24
lyoS
631,753
Saturday
Monilay
1,086,321
941.887
1,333,168
1,424,117
1,265,496
Tuesday
Wednesday
Thursday
Friday
£ond,s
$167,000
281,500
139,000
178,000
270,000
510,500
5",6o6
$18,676,500 $1,546,000
$12,500
$1,449,000
3,378,500
3.532.000
2,947.0U0
3,417,500
3.952,500
$57,950,300
lOi.527,100
89,987,700
124.830,950
133.229,^00
122,144,600
6,682,742 $629,669,850
Total
V 8
ice
Bonds
Par value
SJiarei
State
Bondt
Railroad
$7,500
Caiui SecuritieH
Bid As k
Indiana Nat <& 111 Gas—
l8t 6s 1908
M-N
38
IndianapolLs Gas
50
55
1st 6s 1920
M-N 410534 107 H
Jackson Gas Co
81
50
5s g 1937
A-O J 97 101
Kansas City Gas
30
100
40
58 1922 See Stock Ex. Ust.
TILadede Gas
lOi
103
IjPreferred
loo 100 106
Lafay'eGaslst 6s'24..\l.lS
35
Log&Wab V l8t68'25.J-lJ
45
Madison Gas 68 1926. A-O 4106 110
Newark Gas 68 1944. CJ-J 4136 137
Newark Con.sol Gas. .100 So
86*4
UCong 58 1948
S-D 4110 IIOH2
No Hudson L
aaUs
Week ending March 24
at
£xchange
—
January
1 to
March 24
Stock
1904
1905
1904
1905
H&
Pow
HO <fe Ind C Nat &
Ist 68 1926
& Pas Gas &
111
.100
BONDS
ftoTermnent bonds
$12,500
State bonds
StSL and mis. bonds
Franklin
HGold & Stock
1I4>28, 1905
©.shares
Total bonds
$2,000
.$75,050
1,546,000
18,676,50U
13,4"75"6'i6
39.573,«U0
289,679,700
$249,200
1 88,000
153,857,000
$20,235,000
$13,477,000
$329,328,550
$154,294,200
EXCHANGES
Saturday
Houday
Tuesday
Wednesday
Thursday
Friday
.
LisUd
Unlisted
shares
shares
21,461
29,685
28,122
43,148
49,535
41.139
213,090
Total
Philadelphia
8.862
13.113
19,721
13,641
15,506
13,976
84,819
LUUd
sales
shares
Unlisted
shares
26,109
44,546
42,428
29,204
26,109
24,754
$33,000
98,100
143,000
95,000
105,000
95,000
198,150
$569,100
8,295
14,086
13,707
28.871
14.615
16.937
96.511
A
Cons By LtffcfeBefrig.lOO
Dominion Securities. 10(i
Douglas Copper
5
Electric Boat
50
Empire
Steel
U'l-
39
S3
IHi
t
13
22
loO
1
HO
^
I
Hackensack Water Co
Bef g48 52 op 12. ..J-J
Signal Co
495
85
12
lOi
Havana Commercial. lot
Hernng-HaU-MarvinlOo
t74H.
Companies
J-D
B<fcNYlst68 1911.J.J
N Y<fe E B Ferry stk. 100
1st 5s 1922
M-a
N & Hob con OS '46. J-D
5:
HobFyl8t5sl946M-K
1st, 5s 1946. J-J
23d Sts Ferry 100
1st mort 58 1919. ..J-D
&
HUniou Ferry stock .100
11l8t5sl920
M-N
Preferred
1st preferred
2d preferred
loi
3^2
41
106
I4
40
3
6
200
M.^ 4102
103 »9
6
10(;
26
110
106
30
Merc Marine. lOt
13 \
Preferred
100
Col tr deb 4 Hjl922op'0'i
International Salt
100
3434
»2H!
4H2 Int'n'l
1
30
Preferred
loo
Hudson Bealty
Internat'lBankingColOli
105
108
77
84
88
92
1 10
HI
4110 111
4105 110
40
60
95
4 92
29 Hi 31
98'i 100
Railroad
Atchison conv 48 (w i)... 103
Chic Peo & St L pref.iOO
34
82
102
100
lOo
ImplCMi
77^^
1910
Houston OU
95
33
40
79
Hoboken Land &
1)58
96Hi
36
Co.. lot
100
69
92
Ferry Companies
Brooklyn Ferry StocklOO
34
W
85
67
45
57H»
102
10 Hi
50
5
a
9
Greene Con Cop See Bos; stock Exch
Greene Consol Gold...
t
714
7H»
10
18
HackensackMeado ws 1 00
126'
89
25
77
15
24
^4
t
loo
Ga & Tenn Copper
Gold HUi Copper
>«
If
t
Preferred
1st g 5s June 1 '22. J-D
Hecker-Jones-Jew'l .MlC
1st 68 1922
M.!^
100
N J 1 00
14
7
41
87
t...-
H General Chemical ..100
IjPreferred
100
93
122
103
137'9
137
6
35
Preferred
19
10
34
62
100
10(
85
106
Atlantic
25
<fc Atlantic 25
Preferred
U nitedE lectric of
48 1949
found on a preceding page.
30
1 Ot
Preferred
lOo
Electro-Pneum'ic TYanlo
80
102
<fe
HSouthern
NY& Q El L&PowColOO
$843,300
1
loi
Lead Beduc'n.50
7H»
18''4
lOli
Preferred
Electric
Havana Tobacco
sales
$100,200
247.700
151,500
117.200
158,400
68,30O
7
Cousol Bubber Tire.. 100
Debenture 48
Cons Storage BatterylOo
Cramps' Sh & En BldglOO
HCrucible Steel
100
II Prelerred
loo
Cuban Us of 1896
HDiamond Match Co. 100
HaU
Bond
Outside Securities
voill be
90
119
115
80
47
122
AttC
15
65
100
128
YA
flN
N J Teleph....00
IINorthwesternTeleg. 50
10th
Market
Prelerred
100
NY&N J
Weekly Beviete of Outside
li
98
173
125
Electric
Bond
.^lincei
Chicago Edison Co... 100 168 171
HKingsCo El L<feP Co 100 195 205
Narragan (Prov) El Co 50 fxlOO
OAJLY TK AN S ACTIONS AT THE BOSTON AND I'HII.ADELPlilA
Week ending
March 24
iyU5
100
100
Hudson BiverTeleph 100
Pacific
BotUyn
5
30
75
Telesr «& Telepiione
HCentralA So Amer. 100
Commer Un Tel (N Y).25
Emp & Bay State Tel 100
.N
3
73
106
H Cong 5s 1949. ...M-S 4105
St Joseph Gas 58 1937.J-J i 9732
70,072.943
30.402,884
4,676,043
6,682.742
$62y,6i;9,850 $430,187,250 $6,486,550,100 72,808,190.) 25
Par value
4-147,900
*339,650
$8,700
$11,400
Bauk shares, par..
Stocka
and
Electric Vehicle
J-D
EleclOO
HAmerTelegA Cable 100
InilUHtrial
HCons Firew'ks com .100
Preferred
A-O 4108
5s 1938
Pat
New York
[Vol. lxxx.
29
69
Istg5sl951
H;
84
30
72
12
Li
International SUver.lOO
Preferred
10(
172
14
35H»
4S
49
1st 6s 1948
J-D 4103H 104H»
Lanston Monotype
20 t 1534 15 'g
Lawyers Mort Insur.loo 1»7 192
Lawyers' Title Ins. ..100 325 332
97
101
Lord & Taylor pref ..100
140
HLoriUard (P) pref ...100 135
10
40 H»
Mack>iy Companies ..lOo
74 Hi 75'»
Preferred
lOO
20
25
Madison Sq Garden.. 100
90
2d 6s 1919
M-N 70
10
14
IJManhatt Beach Co. 100
103
14
Street liailwayH
8treet Kailvrays
Bid Ask
Bid Ask
?112ia 133»2
MKW YOEK CITT
HLoviisv St5sl930..J<feJ
Deposited stock
3
5
32
Lynn<fc Bos 1st 5s '24. J-D ni234 114^4
34
3
Undepoaited stock
5
Bleeck St<& Ful F stk 100
95
100
98
New on Bys Co
6
109
Prior Ueng4H2S'30M&s 106
1Il8lmort48 1950 ..J
19
434
Preferred
100
90
i^a
Con mtg g 58 1930. J&J
92 H2 Manhattan Transit
20 t
U B'y & 7th Ave dtk ..100 243 248
4128 1952
7
J-J J 82
15
Income 5s 1930
Mex Nat Construe. ptloo
1j2dmort 58 1914 ...J-J 104 107
t
10
103,
Stock Exch Ust
New common (w i).100 26 27 lIFort Worth & Denver
Monongahela B Coal. .50
Con 58 1943 Hee
New preferrediw i).100 71 72
54
Prelerred
28 Hi 29
City stamped
B'T^ay Surf Isl 58 gn 1924 n08 110
100
50
95 14 Mont & Boston Consol .5
99 Hi 101
North Chio Str stock. 100
1
87
95
Mo Pacific new 4s
2d 58 int as rental 1905
Pub Serv Corp of N J 100 135 136^2 N Y Cent deb 4s •34.M.1S lOO's 101 14 Mosler Safe Co
100
360
llCent'l Crosst'n stk. .100 340
100
73»2 Northern Pacific
Tr ctta 2% to 6% perpet 73
121
Nat Bank of Cuba
lOo 120
Hist 21 68 1922 ...M-N all
100
24
Coll trust 58 gold not6»
175
180
1|Nat Enam & stamp lOo
24 H»
irCenPkN & E K stk. 100 206 212
When released
88
185
1909 optional
M-N 98I4 98^4 Northern Securities.. 100 161 162
94
IjPreferred
Chr't'r & 10th St stk 100 177
100
TJ
North J eraey St By 100
28
725 800
National Surety
Stubs
loo 135
Cohfe 9th Ave 08 Hee Stock Exch list
45'*
42
Ist 4s 1048
M-N 81
82
37
Pitts Bess & L E
TJNew Central Coal
50 t 34
20
Dry D E B <fc S—
Cons Trac of N J. ..100
115
82 iv
Preferred
77
N Y Biscuit 6s 1911. M-S 105
50 t 74
iflst gold 58 1932.. .J-D 112
Ist 58 1933
102
J-D 110^4 IIII4 Seaboard Air Line
58 1914 ....F-A 100
N Y Mtge & Security. 100 172 i77'*
tlscrip
20
24
390 405
New'k Pas By 58 •30J-J
115
CoUlr5al907 0P...M.8
9dhi 100 14 UNew York Dock
11 Eighth Avenue at. . . 100
100
60 H 62
Or & New Ist 63 '05 A-O 4100 101
25
26
New common (w i)
HPref erred
100
HScrip 6s 1914.. ..F-A 103
Essex Pas 6s 1905 M-N noo lOlia
415
84
7
85 Hi N Y Transportation. ..20 f
New latpref (wi)
7H>
1]42d.& Gr St F'y 8tk..lOU 405
1'4
Eapid Tran St By.. 100 250 255
52
& St N AV..100 50 70
54
Nor Am Lum'r <fc PulplOO
New 2d prel (w i)
i2d St
3
1st 5s 1921
A-O no8
Bights
1
HOntano SUver
lllsimort 68 1910 .M-fc 1041-.! 107
4H»
Hj
loo
50
49
80
85
24
J C Hob& PatersonlOO
60
Otis Elevator com
1|2d income 68 1915 J-J
l(Ki
Va <fc Southwestern. .100 62
108
48 g 1949
M-N 784 79
Preferred
Interborough Bap Tr. 100 211 212
100 I06
Industrial and Miscel
6c.
So J Gas El & Trac 100 126 127
80.
Phoenix Mining
1 t
Lei Av & Pav F as See St k Kxc list
Gug5s 1953
M-S no3 105
Pittsburg Brewing
Metropol Securities See Stk E X list
Alliance Bealty
50 t 26 H,
100 115 125
No Hud Co By 68'14J-J ai2
Preferred
80
Metropol Street By Hee Stk K X list
Amer Bajik Note Co. 50
50 t 46Ha
H
58 1928
J-J SI 09
10 Hi lO'b] Pittsburg Coal
American Can com... 1 00
Ninth Avenue stock. 100 1»5 192
100
Ext58 1924
64^4
M-N 4106 107
64
72Hi
Preferred
Preferred
100
Second Avenue stocklOO 206 212
100
'31. J-D 4123
Pat City con 68
104
7
Pope Manufacturing.lOO
"
American Chicle Co.. 100 126 130
Tllst mort 58 1909 M-^' J103
74
77
2d 68. ...1914 opt A-O aoo
96 100
Ist preferred
1948.... F-A 4115
117
lOo
Conaol 68
Preferred
lOO
20
22
'4
95
So Side El (Cliic) stk. 100
2d preferred
178
TlSixth Avenue stock 100 174
100
American Elevated
Am Ice Securit's (w i) 100 "25" 28 Pratt & Whitn pref.. 100 100
Sou Boalev 58 1945.. J.J ((102 106 Syracuse Bap Tr 6a 1946 4107
United Bys of St~
78
Bealty Assoc (Bklyn)lOO 154 ibo"
Debenture 68
So Fer Ist 58 1919. ..A-O no5 108
i 77
104 105 14 Boyal BakPowd pref. 100 109 110
Com vot tr ctf8
29
2914 Am Maitinj^Os 1914.J-D
100
Third Avenue See Stock Exch list
61
63
Preferred
79 »8 793b American Nickel
2
BusseU & Erwin
P <fc il 58 192b J105 108
100
IHi
Tarry
lo t
25
Gen 4s 1934.... See Stk Exch list
YkersStltB 5s iy46A.U 51061-.,
Amer Press Assoc'n.lOO 97 105 Safety Car Heat& Lt 100 250 270
60
2
UnitBysSauFran 6'eeStk Kxcli Ust
Seminole Mining
4
28th & 29th Sts Ist 58 '96 4112
114
5 It.. ..
Am Soda Foun com. .100 63
34 14
Wash By & El Co
Singer Mfg Co
100
68
UTwenty-Th'd St stk 100 390 400
100 050 670
100
1st preferred
20
25
9
J-J
loo 101
Preferred
100
12
Standard Coupler comlOO
Deb 5s 1906
93^ 94
100
2d preferred
195
4a 1951
Preferred
J-l;
Union By Ist 58 1942 F-A nio 113
89^
100 120
American Surety
50 188
yHi 10
HWest ChicjigoSt ....100
Westcheut Ist 5s '43 J-J 102 106
60
Amer Tobacco (old).. 50 250 500 Standard MUUng Co. 100
37 Hi 39
Preferred
UCong 5s 1936. ...M-N
iS'ee Stock Exch list
Preferred
loo
81
82
285
68
Am Tobacco (new) Com.. Exch 300 Standard
BBOOKI.Tl(
Gas Securities
list
OU of N J. .100 620 624
Prefd
&'e« Stock
NEW yOHK
list
Storage Power
%
"a.
Atlan Ave 5b 1909. .A-O 4102
iSe« Stk Exch
50 t
and 68
4s
A-O 113
Cent Union Gas let 5s
Con 58 g 1931
4108 110
Am Typeto'rs com... loo 37 Hi 42H. Swift <£; Co See Boston SI k Ext h'ge
98
100
1st 58 1910-1914
Con Gas (N Y)8tk. See St k Exc li list
Impt 58 See Stock Kxc li list
100
J-J 410234 108
Prelerred
26
27
6
Tennessee Copper
t
Conv deb Oh ctts AceStk Exch list
B B & E 58 1933. .A-O 103 104
Amer Writing Paper. 100
80
90
33
34
HTexastfe Pacific Coal 100
Brooklyn City stock... 10 238 242
HMutual Gas
290 310
100
Preferred
100
110
«7
87 Hi
1st 6s 1908
A..O 4105
Con 08 See Stock Excli list
New Auisterdaiu Gas
J-J
5s 1919
Bkln Crosstn 58 1908. J-J 102
Ist cousol 58 1948. -J-J 4113
Arizona Con Mining.. .50 t31Hi 32 S Title Ins Co of N Y..IOO 195 205
115
HKi 1134
4
Tonapah Min (Nevada). 1 f
t3-'8
Bkn Hgls l8l5H 1941 A-U 104 105 N Y <fe East lliver Gas—
i
IJaldomero Mining
20
19^4 23
18
TreutouPolteriescomlOO
BklnQCo&Sub -See Stk Excli list
1st 5h 1944
J-J 4113
115
Barney & Sm Car ... 100
II
91
94
Preferred new
100
Bklyu Bup Tran See Stk Kxcli list
Consol 58 1945
109
1|Prelerrc<l
loo 130
J-J
111
76
32 H> 34
Trow Directory uew. . 100 65
N Y <fc Bichmoud Gas.lOO 35
IConey Is. & llklyn ..100 340 350
Bethl'm Steel Corp. ..100
^*
87
Union Copper
10 t
\
let cons g 48 1948.. J-J
89
99
Nor Uu Ist 5s 1927. AI-A' 4104 107
Preferred
100
100
96
103
Typewr com. .100 94
Union
Brk C & N 58 iy39.J-J 113 115 ll.Staudard Gas com ..100 130 150
CoU.tr. g.s.f. 68 1914....
117
lat prelerred
loo 115
llProlerreil
50 140 150
Gr Sl<fcNe w Ist 58 '06 F-A 100
100 155
170
BUsa Company com
117
2d preferred
100 115
ar"pt dtLorimer St Ist G« 102
50 130 145
ist 68 1930
m-ii 110
Preferred
1 12 ^2
2»«
UnitBoxboardtfc Pap. 100
I's
Kings Co. Elevated
100 410 420
Bond<fc Mtg Guar
OTHUlt CITIJUS
ll'V
Preferred
lOo
150
Ist 48 1949 <S'ee Stock Excli U8t
Borden's CoudMiUc. 100 149
195
113
lOi
Elec prel
115 Hi U.S. Casually
Nassau
loo
loo
75
Amer Light & Tract. 100 84
Preferred
87
6
100
8H1
A-U 110 113
5b 1944
6\
Preferred
i f
6;t. U S Cotton Uiick
100 104 105
British Col Copper
18
Ist 48 1951
See SI k Kxc li li.sl Bay Stale Gas
H,
U S Envelope com... 100
'4
"0
3 t
50 i
Camden Land
8.)
00
1 00
N Wb'g&Flatlstex4H2s 101 101 Biugliaiiiton G.as 58 1938 i i)5h 93 CoUiUoldCo
100 120 121
li Prelerred
15
20
Steiiiway 1st 6a 1922.J-J jiiy
U S Leather new (wi) lot 40 41 >9
Brooklyn Union Gas deb
121
Cent Fireworka com. 100
05
Prelerred now (w i)100
96Hi 96»4
70
'07. ..M-S 191
100
Preferred
6s 19011 conv
193
3-<,
97 Hi 9734
Now us (w 1)
Bullalo City Gas StocklOO
loo
4S.
7
Central Foundry
8
OTHEB CITLSa
21 Hi 22 Hi U S Steel Corporation
Ist 58 1947 See Stock Exch list
Prelerred
100
79
ColtrslSa'ftlopt '11 .. illlH, 113
Buffalo Street By—
80
Cousol Gas of N J
Deb 68 1919 op 'OlM-N
100
lat consol 58 1931. .F-A 4111
Coltrs 158 '51 not opt.. illlh lis
II2I3
100 165
176
Ist 58 1936
JJ 1)6
Century Bealty
95
Deb Ob 1917
480
U 8 Tit Guifc Indem.lOO 130 135
A.O noo
Consumers' L
i& i'ow
Chescbrouifli Jlfg Co 100 440
7
6
ChicaKo City By stk. 100
108 H2H Universal l'"ire Ext'r.lOO
58 1938
197
J-I) 4112
City Investing Co
1
Columbus (O) St By. .10(1
Universal Tobacco... 100
'4
loo 106
lilJotroit City Gas
50
llClaUindl lJ)com
2
6
^<
Prelerred
96
Preferred
100
loo
98
100 llO"-.
Kliisabeth Gas Lt Co. .100 260
1]l8t prelerred
300
Colam Ky con Ss See Pli ila lisl
Westchester & Bronx
Knsex (& iluilsiiu Gas 100 126 127
i)referre<l
100 100
112(1
Crossl'wn l8t58'33.J-lJ no'.t
Title Jt Mort Guar Co. 165
79
KortWayiio Oh 1925. .J-J
4 76
50
Colo ludustrml Ss
CranU Bapida By.... 100
Westingh Air Brake. .60 1148
65
80
(11 Wj GHKife Kl BiTgt'ii Co.. 100
60
61
CoUfe HockCoalifcl pi 100
60
Prelerre<l
White Knob Mining. 10 t
100
92
Grand KapidB Gits
J-J 4 85
90
lHtK58 1917
*«».o otiv^iini; tiiBLK.iuu
lAka St (Chic) El stk 1 00
1^8
*»
•«
^ncw siock
jScw stock (w i)
i;
* »
00
l|lBt08l'J10
uo.
lllBt 58 1915
F-A 4101 lOSHi Compressed Air Co. 1 OO
41.01
Comprosseu
'le
l»t68
Ist 58 1928
126
pref. 100
J.J
JJ 4
Wortlimi;
Worlluni.' Pump i)rel.lOO 120
66
Hu dson
Hudson Co Gas
60
G.-ta
100 113 Hi
CouHolld
CouHolid Car Heating 100
113Hilll
iBayer pays accrued interest. 1 Price p«r share. (Sale price, a Kx rights. xEx div iNew stock. H SoUs on Stock Exchange, but not a very active secorltj.
I
s!
M
>-j
W
t
W
2.''i
".J
".J
H
1
.
1
\T
1
. .
Mas.
THE CHRONICLE.
25, 1905.]
and
Inxrjestm^txt
-
--
I
,||j
I
p
j,_
'
_
1
^
1
_ _
j'uxjTjTji. J u'
l
-
i
'
•
'LH.
~
'
~
'
i
— ~— —
i
i
I
'~
I
''
'
•
""'
'
•
'
1
—
i
l^ailtoaxl Intjelligjence* — —
1^—
~ ' ~ i ~ riri~i~ nr
i
i
i
i
1167
- i
•
i
-
_-i n.l "l 'l 'l
i
i
i
i
jl
j'
i
.
i
.r
.
-
i
rr
-ir~i
~-
-
i
i
.
-------------*-
- -^--'-'-' —
i
- -»»».».-
-
--.---.-^-^-.
^
RAILROAD GROSS EARNINGS.
^
^^ ^
_ - - ^
^
^
^
^
_ ^
- - ^^
^
.
^
-
.
^
,
f-i j-,
n n.rin
i
i
'luX.
!
i
.njtr
The following table shows the gross earnings of every Steam railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give the gross earnings for the latest week or month, and the last two
columns the earnings for the period from .f uly 1 to and inchidina: such latest week or month. We add a supi^lementary
statement to show the iiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of the street raihvays are brought together sepurateln on a subsequent page.
period.
Latest Oross Earnings
BOADS
or
Week
Month
Current
Year
Previoiis
Year
$
Ala Gt Southern. 2d wk Mar
Ala N O & Texa* Pacillo.
NO&NoEast.
Ala & Vicksb'g
VickBb 8h & P.
59,164
53,377
July
1 to Latest
Current
Year
$
2,293,598
2,182,834
172.656
90.333
97,013
.
.
PM
KOADS
Previous
Year
207,734 1,603,243 1,672,404
919,571
119.287
891,896
971.782
134,654
998,315
Dec. 191,506
Ihc. 112,784
Allegheny Valley January
,419,981 1,404,996
35,122
32,476 1
atiti Arbor
3d wk Mar
Atoh Top & S Fe. January. 5.407,741 5,407,329 40.022,828 41.219,599
2,182,100 2,068,954
279,179 307,55
Atlanta <fe Char.. January .
589.950
394,480
58,105
82,605
Atlantic &Blr... January...
1,766,227 1.726,175 12,271.047 11,403.283
Atl Coast Line... January.
86,038
80,996
13,708
13,434
Bait & Ann SL.. December.
February. 4,744.660 4,634,806 44,447,564 43,461,175
Bait & Ohio
148,323 155,081 1,201,414 1,141,700
Bangor A Aroost January. .
5.089
37,970
46,964
4.881
BeUefonte Cent'] February..
27.204
3,355
28,498
2,931
Bridgt & Saco R. January...
Buil ftoch & PUtt< 3d wk Mar 145,378 145,175 5,753,924 5,455.781
658.380
586,701
67,008
82.127
Buflalo ASnaq... January.
88,728
80,716 1,055,977 1,005,562
Cal North w'n..... February
43.500 2,629,400 2,158,400
51,900
Canadian North.. istwk Mar
Canadian Paolilc 2d wk Mar 917.000 787.000 35,230.524 31,858,949
202,700 204,900 7,34r),350 6,964,068
Cent'lof Georgia 2d wk Mai
Cent'l of N Jersey February.. 1,615,893 1,553.502 14,662,075 14,233,077
85,37«
2.602
2,768
79,215
Chattan South'n. 2d wk Mai
Cheeap AOhio... January... 1.652,559 1,552,429 12,110,964 11,201.993
Chlo& Alton Ry. January... 769,808 908,103 7,651.^74 6,985,819
Chlo Gt Western 2d wk Mar 165.995 155,641 5.370,230 5,945,606
98.452 3.852,541 3.725,982
ChloInd&L'v.. 2d wk Mai 109,092
Chlo Milw & 8t P January, . 3,656,000 3,652.438 30.277.382 29,856,095
February. 3,403.306 3,709,125 36,865,017 36,729.075
Chic & North
&0. January... 929,594 919.67S 7,429.727 7.377,929
Chlo St
28,273
27,022 1.066,582 1,119,544
Chlo Term Tr RE 2d wk Mar
OinNO&TPao. 2d wk Mar 130,573 124,070 5,117.742 4,712,360
ClCinOhA 8t L. January.. 1,614,816 1,368,419 13,756.104 12,438.551
254,997 229,067 1,782,518 1,775,083
Peoria ifeEast'D January.
91,869 4,363,066 4,285,777
Colorado & South 2d wk Mar 101,438
23.137
132,251
137,429
ColNewb & Lau. January
16,898
39,183
311.935
279,810
Copper Range.. . December
44,802
4,203
46.303
January..
3.:il7
30,766
Cornwall
14,257
145,157
146.547
Cornwall <fe Leb . January ..
21.146
3d wk Mai 289,200 271.200 12,266,833 12,061,006
Deny. & Rio Qr...
76,965
567,368
Det & Mackinac. January...
72,840
561,038
29,30S 1,070,968 1,136.046
Detroit Southern. 2d wk Mar
23,401
40,233 1,844.802 1,810.716
DulSoSh&Atl.. 2d wk Mar
50.062
January. 3,376,811 2,956,330 27,12y,347 26,803,103
Erie
F'rchUd & N'r'e'n February..
23.438
3.343
3,308
25,047
Faraiv& Powhat January, .
6,638
55,473
47,086
6.633
36,630
Fon John8t& Gl. January..
45,410
433,730
405, Si 5
FtW&DenvCltj January... 196,'J'l
183,845 1,545,668 1,671,999
178.',
Georgia RR
January..
211,580 1,473,332 1,461,970
Ga South & Fla.. February.. 130,149,963 1,145,116 1,153,719
57,4:..
Gila ValGA N.. October
35,843
Gr Trunk System 2d wk Mai 644,997 582,141 21,555,917 23,727,080
GrTr. West'n. Istwk Mai 110,756
96,775 3,458,647 3,626,224
DetQrHifeM.. Istwk Mar
32,620
14.964 1,030,518
904,606
Great Northern.. February.. 2,376.297 2.056,738 28,345,472 27.418,174
Montana Cent'! Febraajy.. 177,406 184,604 1,561,206 1,463,831
Total system February.. 2,553,703 2,241,342 29,906,678 28,882,005
Gulf&ShipIsland 2d wk Mai
.34,030 1,295,468 1,309,99'.^
37,235
Hocking Valley.. 2d wk Mar 104,218 120,156 4,285,761 4,242,256
Dliuois Central.. February. 3,555,67i) 3,707,757 33,512.248 31,391,309
Illinois Southern February..
18.421
25.573
152.074
189,324
Lndlll & Iowa... January.
924,828
154,770 147,060 1,023,141
Int & Gt North'xi 3d wk Mar 104,750
87.286 4,607,261 4,485,503
Jlnteroo(Mex)... 2d wk Mar 120,996 123,427 4,057,171 4,050.366
Iowa Central
2d wk Mai
5-J.347
46,110 1,805,12s 1.706,509
Kanawha & Micli 2d wk Mar
29,856
29,580 1,223.837 1,150.785
Kan City South'u January.
520.418 563,053 3,895.914 3.849.364
LakeErie&WestB December
442.190 438,492 2,645,763 2,770.983
Lehigh Val RR.. January.. 2,323,851 2,038,834 18,127,96" 17,295.029
Lexlng &, East'n. January...
32,629
31,317
.320,116
267.144
Long Island
January.
Inc.
85,072
liic.
333,031
Louisiana & Ark. January. .
68.140
58.521
371,409
477,943
Loulsv <fe Nashv. 2d wk Mai 765.830 724,170 27,001,300 26,519.697
Macon & Birm... February..
8.441
12,246
96,774
90,704
Man'teeA Gr. (IH p November
4,2«2
37,332
5,802
34,187
Maais <& No £as; January.
42,677
231,922
41,807
241,798
Manlstique
February..
5,522
52.875
6,496
57,179
Maryl'd & Penn.. February..
19.904
206,733
18,769
212,479
piexioan Cent'l.. January. 2,246,627 2,118,495 14,716,553 14,636,544
J Mexican Iitern. January..
533,826 582.623 3,863,416 3,953,896
(Mexican Ry
WkMar 4 119.000 128,000 4,004,100 3,869.100
{Mexican South'ii Istwk Mar
22,817
21,440
745,858
763,665
MlUen A So'w'n.. December.
6,347
27.402
5,124
40,88y
Mineral Range.. 2d wk Mar
404,-223
13,941
9,646
485,224
Minneap <fe St L. 2d wk Mai
.')8,567
50,802 2,101,293 2,081,475
Mo Kan & 'irexai- 2d wk Mai 376,107 305,826 14,435,985 3.115,437
Mo Pac & Iron Mi 3d wk Mar 749,00(1 736,000 30,423,787 30,912,842
Central Brancli 3d wk Mar
32,000
34,000 1,121,000 1,361,000
Total
3d wk Mar 781.000 770,000 31,544.787 2,273,^42
February.
February.
February..
Latest (-iross Karnia^s
Vale
W
. .
.
.
.
Week
MHtP&S
StM.
Mob Jack & K
.MobUe&
NashCh&BtL..
JNat'lRRof Mox
Nev-Cal-Oregon
Ne vada Central
.
N Y C & Hud Riv
N YOnt<& West.
N Y Sugq & VVesi
Norfolk &Weat'i'
Northern Central
Ncrth'n Pacltic.
Ohio Rlv& West..
Pacific Coast Co
ePenn— EastP&E
eWeat P & E....
Pero Marquette
PhilaBalt&W'sh
.
Phlla & Erie
Pittsb C C <fe St
Raleigh
I.
& O Fear
Reading Railway
Coal&IrCo....
Total Both Cos.
Rich Fi-'ksb & P
Rio Grande Jet,.
Rio Grande So...
Rocklsl'd Sys..
Rutland RR
.
St
Jos&Gr
I
StL&SanFranj?
L Southwest..
Seaboard Air L.
Southern Ind
So Pacihc Co 6...
Southern RaUw'y
Texas Centra! ...
Texas & Paciflc.
St
TexS
Tol
Tol
V&N W
..
& Ohio Cent
3d week Deo.
(48 roads).
4th week Dec. (48 roads)
Ist
week
Jan. (44 roads).
2d week Jan. (47 roads).
3d week .Ian. (46 roada).
4th week Jan. (51 roads).
1st
week
Feb. (48 roads).
2d week Feb. (46 roads)
3d week Feb. (48 roads).
4th week Feb. (50 roads).
Ist week Mar.
2d week Mar.
J
(47 roads)
(45 roads).
Mexican currency.
operated,
Current Year Previous Yar
8,927,835
12,958,404
7,186.669
7,365.918
7,619,207
11,351,443
7,013,165
6,744,568
6,943,146
8,878,591
8,182,655
8,417,168
8,288,087
12,476,020
6,730,800
7,624,696
7,479,313
10,493,163
6,973,620
7,251,543
7,112.251
9.475.624
7.403.362
7,817,622
Inc. or Dec.
P.C-
Current
Year
Previou,-.
Year
Lalesl Dale
Prevvorts
Year
wk Mai
167.662 106,812 6,139,836 5,140,119
337,76i:
10,440
8,47
279.162
wh Mar 146.731 131,075 5,704,650 5,509,184
2d wk Mar 206,731 204,009 7,098,379 7,136,032
2d wk Mar 230,575 22y,63e 8,004,892 7.956,145
129,>^82
7,643
146.388
February11,864
21,343
2,294
1,738
19.411
January...
February.. 5,3y5,334 5.390,449 53.540.198 51,980,(>14
491,21
449,094 4,150,680 3,915,723
January. .
222,839 195,522 1.528,966 1.464,183
January. .
January.. 1,900.395 1,777,597 13,711,835 13,160,!>28
740,036 697,336 6,149.890 5,967, 4<.tO
January.
February. 3,129,288 2,941,945 34.427,853 32,-584.385
124.273
13.111
13,161
122,466
January...
January .. 434,057 406,061 3,722,799 3.503,784
January. . 9,310,774 8,473,874 70,760.292 70,944,992
/rt<;.1.42 7.300
Juc. 7 96,500
January ..
2d wk Mar 237,091 216,491 8,959,681 7,820,042
1.056,540 956,040 8.087.27b 7,981,871*
January
January .. 489,071 449,179 4,696,716 4,622,363
February., 1,860,545 1,784,986 16,433,991 16,343,!)04
4,078
24.816
3,809
24,160
December.
January. 2,957,516 2,513,730 21.128,767 20.177,698
January... 2,984.780 2,997,578 19.871,984 18.718,529
January... 5,942.296 5,511,308 41,000,751 38,896,227
818.474
780,101
January .. 120.681 104.465
329,078
46,618
52,395
310,337
December.
326,178
8.632
8,439
341,567
2d wk Mar
January.. 3,471,855 3,478,079 26.911.930 28,446,004
1,352,073 1,329,489
December
l'l8.238
90',e69
749.784
809,534
January ..
January... 2.979,676 2,911.360 23,604,628 21,753,716
3d wk Mar 200,312 133.584 6,479,717 5,841.527
December. l,l-.i0,39y 1,100.201 6,583,921 6,156,759
866.959
105,687
954,569
97,207
February,.
January... 7,188,861 7,134.171 56,658,994 57.015,455
2d wk Mar 983,907 960,114 34,004,599 32,434,534
616,843
584,586
12,477
11,557
2d wk Mar
3d wk Mai' 235,128 210,299 9,696,379 9.303,600
102,100
12,00O
16,100
96,200
January .
53,301
3d wk Mar
64,080 2,847,935 2,652,129
941,601
23.193
26.967
931,903
2d wk Mar
59.600
63,258 2,641,563 2,271,738
2d wk Mar
398,535
44.887
43.836
434,880
February..
January... 4,472,006 4,093,778 36,005,374 34,085.165
2<1
WkMar 11
P& West ....
W
.
.
.
TolStL<fe
Tor Ham & Butt
Un Pac System
Vandalla RK.—
St. Louis Div. January.
Terre H. <te Feo January...
Virginia & So W'n February..
.
.
W Jersey &. Sea'e January.
Wheel & LE
3d wk Mar
348.679
51,196
51,562
420,335
195.610
75,142
V\'m'8port&N.Br. January...
Wisconsin Cent.. January...
Wrightsv ik T'n.. January. .
Yazoo & Miss. V. February..
11,616
458,611
12,617
544,832
.
Wabash
3d
wk Mar
.
VARIOUS FISCAL YEARS
Allegheny Valley
Atlanta & C'harl Air Line
Atlantic
to
1
C.
Ohio... 2d
&
Jan.
Mar.
Birmingham
Deo.
Jan.
Jan.
International &GtNorth'n.. Jan.
Interoeeanio of Mexico
Jan.
Lake Erie
Western
Jan.
Manistee
North Eastern.. Jan.
Manlstique
Jan.
&
&
Maryland & Pennsylvania.,
Mexican International
iMexicau Railway
Mexican Southern
Mar.
Jan.
Jan.
Jan.
t
Missouri Pacific
Jan.
Central Branch
Jan.
Total
Jan.
tNatloual RR of Mexico
Jan.
Northern Central
Jan.
cPennsy., East of P
E
Jan.
eWestof
Jan.
Phlla Baltimore
Wash.... Jan.
Philadelphia
Erie
Jan.
Pitts Cin Chic
St Louis.... Jan.
Kio Grande J unction
Dec.
Texas
Paciflc
Jan.
Vandalia RR.-St. L. Dlv.... Jan.
Terre Haute & Peoria
Jan.
West Jersey & Seashore
JaiL
t
P&E
&
&
.. ..
&
&
&
MONTHLY SUMMARIES
$
+639.74-^ 7-72
Month Mar. 1904 (125
+482,384 3"87 .M outh Apr. 1904 (127
+455.869 6-77 Mouth May 1904 (128
—258,778 3-39 :\ron'h June 1904 (108
Mouih July 1904 (125
-f 136,894 1-87
+ 858,28o 8-18 Month Aug. 1904 (122
+ 39,545 0-57 Mouth Sci)t. 1904 (124
- 506,975 7-00 Moutli Oct 1904 (124
-169,105 2 -38 Mouth Nov. 1904 (124
—597,033 6-30 Month Dec. 1904 (123
+779,293 10-52 Mouth Jaiu 1905 (116
Mouth Feb. lu05
61
-f 599,546 7-67
(
330,098
379,55t>
48,117
417,308
422,884
41.466
405,304
400,082 18,508,445 16.728,285
200.710 2,727,816 2.736.416
88,456 3,178,907 3,156,251
101.853
103,024
11,244
480.301 3,989,341 3,928.864
105.021
116,315
14.642
714,790 5,989,623 5,499,658
Current
Period
BeUefonte Central
Chic St P Minn & Omaha
AGGREGATES OF GKOSS EAKN9NGS— Weekly and
WEEKLY SUMMARIES
Current
Year
or Afontit
Jiilv
Year
Previous
Year
Inc. $11 2,784
31 $3,331,614 $3,130,451
Jan.
Jan.
Jan.
Feb.
Jan.
31
31
28
31
Mar. 21
Mar. 14
170,599
10,149
929,594
1,132.579
1,185.773
to
Dec
Jan.
Feb.
Feb.
Jan.
31
31
28
28
4,970,99^:
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
to
to
Mar.
Mar.
Mar.
Mar.
Mar.
Mar.
Jan.
Jan.
Jan.
Jan.
Jan.
Feb
Deo.
Mar.
Jan.
Jan.
Jan.
42,677
9,729
312,541
533.826
31
4 1,094,000
210.078
7
21 7,919,793
290,000
21
21 8,209,793
14 2,335,114
740,036
31
31 9,310,774
Inc. 7
31
31 1,056,540
31
489,071
28 3.943,546
31
46,618
21 2.700,022
31
348,679
31
51.196
31
195,610
118,073
10,018
919,678
1,150,297
1,259.044
5,218,728
41,807
12,548
309,358
582,623
1,118,700
218,183
8,914,557
387,000
9,301,557
2,359,507
697,336
8,473,874
96,500
956,040
449,179
3,624,928
52,395
2,794,378
330,093
48,117
200,710
IffontUly.
Current YearlPreviousYar
rds.) 133.218,211 133,294.034
rds. 132,433.290 136,783.139
rds.) 130,935,613 134,660,386
rds.) 113,351,491, 114.280.175
rds.) 132,242,621 139,712,599
rds.) 145,292,493 144,558.473
rds.) 151,475,024 147.338.536
rds.) 159,732,9.59 154,758,622
rds.) 154,304.117, 140,909,476
rds.) 146,748,102 136.889,640
rds.) 127,073,053 119,220.07r
rds.)
43,651,281 44.914,739
b Includes the Houa. <fc Tex. Cent, and Itti aubslO. lines in both years and for both periods,
g Inc^ludes the Chicago <k Eastern lUinois In both years.
e
P.C.
Inc. or Dee.
—75,823 006
—4,349,849 3-18
—3,724,773 2-77
—928,684081
—7,469.978 5-35
+734,020 0-51
+4,136,488281
+ 4.974.337
3-21
+ 13.394,641,9-51
+9,858,462,7-20
6-58
+7,852.980
— 1,263,458 2-81
j
Covers lines dtrectly
THE CHRONICLE.
1168
Latest ttross Earnings by Weeks.—In the table which
follows we sum up separately the earnings for the second
The table covers 45 roads and shows
weflk of March,
7 '67 per cent Increase In the aggregate over the same week
last year.
id week of March.
3
63,377
28,008
145,176
787,000
204,900
2,768
165,641
98,452
27,022
124,070
91,869
264,000
29,308
40,233
644.997
682,141
Ann Arbor
BnflWoBooh. & Plttsb'g
Oanadlan Paolflo
central of (Jeorida
CliattanooRa t^outliem..
Oliloftgo wreat 'WoBtern
Ohio. iDd'pUe <fe Lonlsv.
OWo. Term. Transler
Otn. N. O. & Texas Pac.
Colorado & Soathem
DenTer & Slo Graafla .
Detroit Southern....
Dnlnth So. Shore & AU.
Gr^d TmiiH of Canada j
Grand Trnnk Weat.. >
Det. Gr. Hav. & MHw. 5
Gulf
& Ship
HocklnR
Island
Valley..........
34,030
120.156
82,179
123.427
46,116
29,580
724,170
9,646
80,S02
106,812
305,826
762,000
32.000
Intematiocal & Gt.No..
Interooeanlo (Hex.)
Iowa Central
.....
Kanawha & Michigan.
&
Nashville..
Mineral Rantre....
Ijonlflvllle
MlnneapollB & St. Louie
Minn. St. P. AS. 8te. M..
Mo. Kansas <& Texas.....
Mo. Paolflo & Iron Mt. . .
Central Branch .....
Mob. JaokBon & K. City.
Mobile (teOhlo
Nashv. Chat. & St. Loals
National RR. of Mexico..
Pere Marqaette.....
JEUo Grand© Southern. ..
St. Lonls Southwestern.
Southern KaUway ......
Xezaa Central
Texas
(&
Pacific
Toledo <fe Ohio Central.
Toledo Peoria A Weat'n.
Toledo St. L. <& West....
Wabasli
,„,..
Wheeling & Lak e Erie.
,
Total (45 roads) .......
Net Increase (7-67 p.o.)..
98,650
120,996
62,347
29,856
765,830
13,941
58,567
167,662
376.107
773,000
36,000
*10,440
146,731
206.731
230,575
237,091
8,632
161,638
983.907
12,477
281,040
66,175
23,193
59,600
428,775
80.287
8,417,168
*8.47i!
131,076
204,009
229,638
216,491
8,439
139,394
960,114
11,557
232,589
71,557
26,967
63,258
396,140
67,214
7,817,622
2,200
166
10,354
10,640
1.251
6,503
9,569
23,401
1905.
1904.
.--a
- -
„r.-
-
-
5,907
9,829
Mexican Railway
Mexican Southern
Mob. Jackson & K. City..
WaehY. Chat
& St. LiOoIb.
Total (47 roads)........
Net increase 10-52 p. o.)
7.832.07J
f 11 9,000
22,817
1111,043
H Figures are for
4,29."^
7,76.^
60,850
70,28
11,000
4,000
1,968
16,656
2,722
20,600
193
22.244
23,793
.
•»«>»•••
8,451
15,382
3.774
3.658
32,636
13,073
649,002
899,546
Increate.
—
.-..
49,456
Deereaie.
9
46,463
9,000
56,463
cr.
Babalo Gas Co
Feb.
Oct 1 to Feb. 28...
& N.
W.a. Feb.
88,728
80,716
Feb. 28... . 1,055,977 1,005,562
Cent, of N. Jersey.b.Feb.
1,616,893 1,653.502
July 1 to Feb. 2»... ,14,662,075 14,233,077
Chatt'n'ga Sontb.aFeb.
5,863
8,628
July 1 to Feb. 28
80,621
74,254
Fair oh. &. N. Bantb Feb.
3,343
3,308
July 1 to Feb. 2»
26,047
23,4;j8
Farmv.&Powh'n.a Jan.
6,633
6,638
July 1 to Jan. 3i
55,473
47,086
California
July
1 to
Maryland
Mar.
IT
1
<Jb
Penr.Feb.
to Feb. 2S
Mexican Toleph..Dec.
Mar. 1 to Deo. 31
Mo. Pac. System, b. Jan.
19.906
312,541
25,288
247,342
3,243,793
18,769
809,358
23,337
228,233
3,534,567
N. Y. Cent & Hud. Rlv.—
Jan. Ito Mar. 31. ...18,450,000 17,231,462
PlttB.O.C.ASt. L.aFeb. 1,860,545 1,784,986
~
Jan. 1 to Fob. 28.... 3,943,546 3,624,928
Virginia & So'thw. bFeb.
51,562
41,466
July 1 to Feb. v;8...
405,304
422,881
WmBp'rt& Mo.Br.aJan.
July 1 to Jan. 31
11,616
103,024
11,244
101,853
def.2,965
6,022
1,394
6,828
def.36
6,436
4,350
90,876
10,762
108,539
532,680
4,682,900
263,025
686,125
24,590
168,V170
2,202
29,U39
Eleo. Ry. Co.
aonolaln Rapid Tr.
.
c
arrenoy.
Latest Bale
frsnOKS
Tear.
gear,
20,117
18,027
191,922
Previous
Year.
$
99,267
758,694
1,160,421
14,760,614
22,753
160,895
def.18.160
220,778
615,726
6,302,298
def.2,195
def.2,114
1,472
6,349
ville Rapid Tran.. February
IndlanapollB&North
western Traction., January ..
def.3,439
3,327
92,447
11,954
109,122
871,606
4,129,397
219,896
610.372
18,142
134,669
1,137
24,491
205,51(5
d 62,43
22*i3e
15,86*
14,148
129.673
33,498
928,177
22,136
32,628
14,143
9,505
276,513
70,792
37,035
123,889
31.041
908,073
19,92b
66,166
24,565
830,553
112,514
201,252
83,906
4,45/
J76,5i3
3i,634
18.04^
59,801
31,04'
16,477
55,808
23,425
730,366
106,992
177,518
34,694
432.026
75,617
4*?.426
80,807
8,096
27,456
1 1,68ft
6S,047
10,042
87,12-1
34,694
68,666 59.84.'5
{37,500 J31,856
i
26,259
35,372
22,473
10,39
t
63.566
59,845
383,562 {338,565
24,951
15,674
42,983
82,990
23,719
14,429
30,736
76.267
51,240
15,674
50,875
14,429
l.'>,126
13.52ii
15,126
13.523
6,425
4,824
13.729
10,666
22.598
22,598
tnternatl Tract. Co.
System
(Buffalo) . .
February
290,939 284,349
611,008 881,319
25,5SO 21,45t^
25.660
21.456
.. 347,379 314,233 t2,96S,987 v2,£ 81,665
December. 64,777
659,878
Jaoksonvllie Eleo.Oo. January
Kansas City By.& Ot. January
.
..
Cjexlnarton
Ry, ....... February
..
LoidonSi. ity.(Can.) January ..
Mad. (Wis.) Traction February
Mot West Side Elev.. February
Mll.Elec.Ry.&LtOo January ..
KD.LtHeat&Tr.Co January
ittoatreal Street
..
Ry.. February
Muncle Hartford
All
departments.
32,685 29,394
14,477 14,271
21,782 21,493
26,207 20,825
13,383 11,409
7,314
6,850
169,«47 18»,170
254,351 258.112
38,523 30,062
185,864 168,686
60,508
29,200
66,945
30.849
45,740
25,207
13,383
15,016
349.467
254.351
38,523
389.099
11.409
13.864
340,410
258,112
30,062
352,393
24,001
22,847
'20,8i8
da
Wayne
February
^nsk. Tr. A Light. Oo.
11,225
Ft.
.
December.
New Orleans Rys.Co. December.
Norfolk Ry. & Lt. Co. December.
Sor. Chlo Tr. & Lt. Co February
Northern Texas Trao.
Northwestern Kiev..
Oakland Tract. Cone
31ean St. KaUway..
Orange Co. Traction.
February
February
February
February
February
Peeks. L't'g&RR. Co. February
PottBV. Union Tract February
Eys Co. Gen.— Roads February
UghtCo's
February
Eiochester Railway .. February
Rooh. & East. Rap. Ry February
.
.
.
.
Kookford Belolt &
JanesvlUe
February
8t Joseph (Mo.) Ry.
Lt. HeatA Pow.Co. February
San Fran. Oakland &
February
San Jose Ry
Sao Paulo (Brazil)
rl50.444 rl47.180
449.697
4,674,344
54,011 50,737
65S,189
614,039
60,312 56,883
125,777
116,490
36.423 35,33:;
80,531
72,963
110,282 102,470
221,560 811.286
100,354 85,54t
205.027
180,057
6,615
15,403
13,625
6,400
11,714
11,339
6,462
5,793
16,88S
7,766
7,76f
16,398
12,956 11.806
27.240
23.854
23,362 19,529
46,739
36.919
2,08f>
2,03S
4,345
4,081
123,920 109, S76
268,416 222.428
26,314
15,104
12,307
7,357
15,500
14,987
49,805
108,633
102,298
41,170
.
7,524
80,607
Tram. L't & Po. Oo. VVkPeb.l9
Savannah Elect. Co. January
Boranton Kallwav... February
11,278
7,304
.
326
i"
18,027
93,131
Indlanap.(b Martins-
28,089
81,581
68.118
22,060
41.340
39,73«
12,S7«
68.83(
d 970.376 d783,629
41,34C
130,274
201,760
89,734
116.080
189,813
262.243
67,460
24,987
41,188
.lunuary .. 201,760 189.8)3
254.68;
South Side Elevated February 123,442 I26,46i
Rap.Tr. Ry. January .. 74,20^ 67,460
Syracuse
74,206
Electric Co.
January .. 31,139 24,98'i
31,139
i'amna
rerreHte.Tr.&LtCo January .. 46,247 41,188
48,247
24,397
rol. Bowl.Gr.A So.Tr December.
879,359
Toledo Rys. & Light. February 133,40'- 124,037 284,34i>
26) ,586
222,00.'!
Decf'inber. 18,708
Toledo A Western..
Toronto Itallway ... Wk Mar 18 46,597 41,50» 504,86}*
446,264
Twin 0*ty K*p. Tr.nir idwk.Mar. 79.7H2 74,330 831,73.'
790.774
Un'dRys.of8t.Loul« February 552,793 566,438 1,157,932 1.131,536
February 61tf,»66 482,103 1,060,337 1,009,313
United of San Fran
Wash. Alex. & Mt V. lanuary .. 16.44(,. 17,614
17.614
16,440
41.05'
Yonnaot.rtwn-.^haron Jjinuarv
36.047
41l.06«;
36.947
Seattle Eleotrlo Co. .
.
.
.
.
.
I Spanish silver.
These are results for properties owned
b These are the combined earnings of all the oonstltnent companies
c These are results for main line.
d Figures here are from July 1.
II
Mbxlcam
..
WkMarl&
A Land Co
February
aoughton Co. St. By. January ..
Houston Eleo. St. Ry. November
Illinois Traction Co.
February
(ndianap. & Bast. Ry. January ..
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
II
January
Havana
LImaEI.Ry.&LtOo. January
—
$
Wayne & Wabash
Lehigh Val. Traa. Oo
Street Ry. Dep
February
Eleotrlo Light Dep. February
Net Earnings MontSil j to Latest Datee.—The table following shows the gross and net earnings of Steam railroads
reported this week, A full detailed statement, Including all
roads from which monthly returns can be obtained, Is gives
once a month In these columns, and the latest statement of
Shli kind will be found in the Chboniclb of March 18,
The next will appear in the issue of April 22, 1906.
19(6.
— Gross Earnings.
Net Earnings.—,
Roads.
Ft.
Lake Shore Eleo. Ry
3.092
3,104
4.
Atl'ta <& Char. A. L.a Jan.
279,179
307,552
July 1 to Jan. 31... 2,182,100 2,068,054
Bait. <fe Ohio Co.fc.Feb. 4,744,660 4,634,806
July 1 to Feb. 28 . 44,447,564 43,461,175
\
Valley Traction..
"i,377
Cw'rent
Year
S
57,830
702,266
1,802,007
15,656,403
25,324
171,611
4,683
287,892
688,257
7,011,360
Albany & Hudson ... January.. 20,117
American R'ys. Co.fl. February
97.S2.«^
Atlan Shore Line Ry. December.
7,748
Aar. EiKln & Chic. Rj January .. 28,359
Binghamton Ry
February
X7,134
Boston & Worcester.. January .. 22,47:Burllngt'n (Vt.) Trao. Pebruary
5,162
Oal. Gas & Electric. January .. 432,02e
Cent. Penn. Tract
February
36,707
Chicago & Mil. Eleo. February. 23.599
Ohio. & Oak ParR..c.. February .
63, 2S?
Oln. Dayton «& Tol.Tr January
33,498
Oln.Newp.& Oov.Ry. November 83,287
Oltlzens' Ry. & Llgnt
(Muscatine, Iowa).. February
9,409
01eve.& So.W.Tr.Oo.. February
30,406
Oleve. Palnsv. &E... February
11,209
Detroit Dnlted Ry..» 3dwk.Mar. 79,373
Daluth Street Ky.... 2dwk.Mar. 1 ,034
Bast St. Louis & Sub. February
95.42^
Eijfln Aurora &Sou.. January ..
33,906
.
920
834.756
779.293
Year.
^M* or X'
to
OMrrtnt
Jan. 1
Vt<r'w Pro'ui
Ytar.
ifur.
.
937
7.403,362
Year:
Latest Grass Sarnitigs
Gboss
E^BHINOB.
276
8,182,656
Previous
Year.
STREET RAILWAYS AND TRACTION CQUPANIES.
41,660
197,716
Current
Previous
Year.
6,231
827,185
week ending March
Current
After allowing for other income received.
T Included in the fixed charges in this fiscal year are expenditures
for renewals, additions and Improvements amounting to $109,863 for
February, 1905, against $25,362 In February, 1904. and to $1,073,046
for period July 1 to Feb. 29 against $452,710 the previous year.
2,43*i
7.051,359
If 128,000
21,44C
V7,951
194,612
<
— ^Bal.ofNel Earn'gs.—>
Roads.
$
$
9
California & N. W..Feb.
27.382
26,557 def.22,699 def.44.717
July 1 to Feb. 28...
216,714
208,742
71,178
12,C36
Cent, of N. Jersey.. Feb.
11609,502 11517,173
78,755
98,563
July 1 to Feb. 28... ir4.740,735 114,032,034 2.270,615 2.220,264
Maryland & Pen n.. Feb.
4.026
324
2,875
452
Mar. 1 to Feb. 28
44.150
40,499
46,726
51.948
N. Y. Cent & Hud. Rlv.—
Jan. 1 to Mar, 81
5,460.900 5,148,833
*768,300
*757,297
IV'msport & No. Br. Jan.
2,764
2,846
def.562
def. 1,709
Jnly 1 to Jan. 31....
19,815
19,480
10,124
5,011
15,93*8
•*>
etc.
Previous
Year
Year.
16,471
$
$
Previously rep'di4S rd's)
Current
*
Week ending March 11.
For the first week of March our final statement covers
47 roads, and shows 10*52 per cent increase in the aggregate
over the same week last year.
March.
— Int., Rentals,
3,205
104,21««
5,787
9,426
16)
130,000
*
1«< tree* of
Interest Cliartres and Surplus.
62,856
37,235
Qt. Soutliem..
Decrease.
S
59,164
87.434
145,336
917.000
202.700
2,602
165,995
109,092
28.273
130,673
101,43?
287,400
23,401
50,062
S
Alabama
tncrecuc.
1904.
1905.
[Vol. lxxx.
'
\
Mar.
THE CHRONICLE.
25, 1905.]
nTbese earnings Inolnde tta« Detroit Unitea Ry., Detroit di Foit
HTiron Sbore Line and tbe Handwloli Windsor <St Amherstbarg By.
r Fignres here are from Maroh 1.
T These figures are for period from Jane 1 to Jan. 31.
1169
/
—
Oross Earnings.
Current
Previous
,
.
Ket Earnings
Current
Previous
Year.
Year.
Year.
Year.
$
Roads.
$
$
$
San Fran. Oakland & Ban
Street Kailway Net Earnlngrs.— In the following we
)th the gross and the net earnings to latest dates of all
filTBEET railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month (on the last Saturday
of the month) we bring together all the roads reporting as is
done to-day.
show b
/— Oross Earnings.
Ourre7it
Year.
—
,
/
Previous
Year.
—
Net Earnings. «,
Current
Previous
Year.
Joly 1 to Jan. 31....
Blnghamton By.b. .Feb.
Jan. 1 to Feb. 28....
Jnly 1 to Feb. 28....
California Qas is Eleotrlo Corporat'n.a. Jan.
Oentral Pennsylvania
Feb.
Traction Co
Jan. 1 to Feb. 28
OMo. A Mllw. Eleo.Feb.
Jan. 1 to Feb. 28
Olnclnnati Dayton A Toledo Traotion.b...Jan.
June 1 to Jan. 31
cOln. »ewp. & Cov. Ry.
Nov.
Co. a
Jan. 1 to Nov. 30....
Olev. Painesv. & B.. Feb.
Jan. 1 to Feb. 28
Cleveland & Soathwesfn
Feb.
Traction Oo
Jan. 1 to Feb. 28
.
Detroit United Ry.n (all
properties) •
Feb.
Jan. 1 to Feb. 28
Dnlntii Street Ry.b.Feb.
Jan. 1 to Feb. 28
East St. Lonls JEBab.Feb.
Jan. 1 to Feb. 28
Elgin Anro.&So.b. Jan.
Jnly 1 to Jan. 31
—
.
Fort Wayne & Wabash
Valley Traction ..Jan.
Honolulu Rapid Transit
& Land.b
Feb.
Jan. 1 to Feb. 28
20,117
26,259
293,799
17,134
85,872
173,000
18,027
23,186
15,864
82,628
160,815
3,187
6,428
137,473
6,488
13,340
81,096
4.882
10,834
74,830
432,026
276,513
125.840
92,983
36,707
76,617
23,599
48,425
34,684
70,79i
18,048
37,035
deM,lS7
18,884
7,463
15.638
83.498
854,811
31,041
359.003
11,038
163,762
869
deM,932
m
Illinois Trac.
Ind'p'lis
Co.Feb.
& East. Ry. Jan.
80,807
905,073
11.685
23,425
36.443
372,717
2,238
6,847
81,355
370,563
2,777
6,493
30,406
65,166
87,456
55.308
7,433
19.466
4,967
10,262
317,844
670,107
43,450
91.043
95,425
201,252
33.906
278,996
284,956
692,586
41,883
87,426
87,123
177,518
34.694
276,965
106,274
229,832
18,116
37,801
49,511
107,353
11,609
120.932
79,028
160,565
14.129
30,878
43,933
90,427
12,885
114,616
68,668
59,845
25,459
19,521
24,951
61,240
23,719
50,876
9,859
19,928
7,891
19,445
15,674
42,983
139,926
82,990
15,126
Electric Railway &
25,207
Jan.
Oct Ito Jan. 31
91,263
Lond. St.Ry(Can.)a Jan.
13,383
Madison Traction. .Feb.
7,314
Jan. 1 to Feb. 28
15,016
llUwaukee Elec. By. A
Light Co..b
Jan.
254.351
Biilwaakee Light, Heat <k
Traction Co.b
Jan.
88,523
Montreal St. By . . Feb.
185,864
Oct. Ito Feb. 28.... 1,027,213
Light Co
.
1
to Feb. 28 ...
& Lt.b.Dec.
Jan. 1 to Deo. 3i....
Korfolk By.
14,429
30,736
148,471
75,267
13.523
820
16,738
49,637
37,329
4.886
1,608
5,047
49,980
30,963
5,070
84.689
l,la0,258
7,253
97,"i49
1,021,935
6,044
Feb.
Jan. I to Feb. 28
Nortb Tex. Tract b Feb.
Jan. 1 to Feb. 28
Oakl'd Tract. Con. bFeb.
Jan. 1 to Feb. 28
Olean St. By. Co.. Feb.
Jan. 1 to Feb. 28
Orange Oo. Tract. ..Feb.
.
.
16,236
18,100
m
10,108
37,824
2,594
1,729
3,737
5,086
22,688
1,150
2.382
5,193
268,112
124,123
118,561
30,062
168,685
937,821
18,742
87,968
325,336
12,242
37,265
819,564
11,225
24,002
54,011
658,189
11,278
22,847
50,737
614,039
4,765
11,023
22,902
269,884
8,822
9,004
22,057
286,167
60,312
126,777
36,423
80,531
100,354
205,027
6,615
15,403
5,462
80,825
7,766
79,569
56,883
116,490
35.333
72,963
85.546
180,057
6,400
13.625
5,798
78,666
7,755
77,068
24,860
63,223
11,852
29,736
43,778
86,930
2,707
7,605
28,729
45,238
12,527
24,683
85,929
78,181
2,674
6,780
July 1 to Feb. 28....
PeeksKlU Lt.&RR aFeb.
July 1 to Feb. 28
Bochester A East'n Bap.
Railway
Feb.
12.807
July Ito Feb. 28....
154,223
Bochester Ry. Go.bFeb.
123,920
Jan. 1 to Feb. i8....
258,416
July 1 to Feb. 28.... 1,043,856
Bockford Belolt& JanesvlUe
Feb.
7.804
Jan. 1 to Feb. 28
15,500
St. Joseph By. Light Heat
A Power
Feb.
50,607
Jan. 1 to Feb. 28....
1U8.633
.
Roads.
def.383
def.80
33,158
2,444
34,oeo
19,163
2.091
82,180
760
7,857
f991
109,376
222,428
897.300
50,584
49,478
106,383
471,483
7,524
14,987
1,619
4,291
3,273
49,805
102.286
17,063
40.036
17.509
88,080
def.
40.567
82,754
410,670
,
$
Ctirrent
Previous
Year.
Year.
$
$
A
California Oas
Electric Corporation.. Jan.
Olnclnnati Dayton A Toledo Traction
Jan.
June Ito Jan. 31....
Oin. Newp. & Cov. Ry,
Nov.
Co...
Jan. Ito Nov. 30....
Detroit United Ry. (all
properties)
Feb.
Jan. 1 to Feb. 28....
Duluth Street Rv... Feb.
Jan. 1 to Feb. 28....
Elgin Aurora & So. Jan.
Jnly 1 to Jan. 31....
Honolulu Rapid Transit
&Land
Feb.
Jan. 1 to Feb. 28....
k76.618
k47,150
20,651
135,596
16,287 1Idf.9.613
128,806
18,156
def.7.754
16,792
185,051
16.483
181,184
92,970
186,407
16,711
83,440
9,333
65,172
89,787
177,354
16,445
32,820
9,256
64,374
4.836
9,705
49.222
45,833
19,651
187.666
34,305
14.872
189,379
*17,137 *df.7,369
*50,691 *def.9,599
1,405 def.2,316
4,361 def.1,942
2,276
3,129
55,760
60.242
4,340
8,679
5,321
10,818
3,802
11,852
3,080
8,109
30,033
4,166
def.2,587
8,454
Houghton County St. Ry.
(Hancock, Mloh.). Jan.
Aug. 1 to Nov 30....
Ind'p'lis & East.Ry. Jan.
International Tract. Co.
3,407
8,284
33,195
4,166
System
(Buflalo).. Feb.
126,201
July 1 to Feb. 28.... 1,096,646
Jacksonv. Elec. Co. Jan.
3,016
Lexington Ry
Feb.
5,819
11,638
Jan. Ito Feb. 28....
Lond.8t.Ry. (Can.).. Jan.
2,123
Milwaukee Elec. Ry. &
Ught Oo
Jan.
74,350
Heat
Lt.
Montreal
Rv... Feb.
St.
Jan.
Oct Ito Feb. 28....
Mnncle Hartford & Fort
Jan.
Ito Feb.
def.1,572
16,442
3.062
19,947
720
904
def.
126,491 def.27,487 def.41,802
130,619
1,059,639
221,748
3,176
7.609
4,077
433
1,606
5,611
4,230
def. 911
471
2,061
*45,142
74.719
'Sl.SSO
18,943
20,477
95.806
14.220
16,940
85,789
def.201 *def.l,958
20,326
17,491
4,167
8,334
19,287
201,489
4,000
8,000
17,457
201.298
22,917
45,834
9,482
19,706
80,818
61,303
2,693
6,386
26,776
53.762
216,613
22,666
45,132
9,333
18,668
26,667
58,134
2,462
4,904
26,220
62,345
206,890
-261,132
*14,722
•31,186
'207,998
2,626
5,263
2,697
5,894
def.1,007
def.972
def.876
def.2,121
&
Milwaukee
Trac. Co
Feb.
28....
Norfolk Ry.&r.t.Co.Dec.
Jan. 1 to Dec. Bi....
229,530
598
2,689
J6,967
n05.247
233,776
def.
178
1,004
18,020
t63.816
Northern Ohio Traction
&
Light Co
Feb.
Jan. 1 to Feb. 28....
North. Texas Tract Feb.
Jan. Ito Feb. 28....
Oakl'd Tract. Oons.Feb.
Jan- 1 to Feb. 28....
Olean Street By.... Feb.
Jan. 1 to Feb. 28....
Bochester Ry. Co... Feb.
Jan. 1 to Feb. 28....
Jnly 1 to Feb. 28....
Rockford Belolt & JanesFeb.
ville
Jan. 1 to Feb. 28....
Ban.Fran. Oakland & San
Feb.
Jose Ry
Jan. 1 to Feb. 28....
Savannah Electric. Jan.
acranton Ry. Co
Feb.
Jan. 1 to Feb. 28....
Seattle Electric Co. Jan.
Syracuse Rapid Tr. Jan.
Jnly 1 to Jan. 31....
Tampa Elect. Co. Jan.
Terre Haute Tr&Lt Jan.
loL Rys.
<fc
Lt.Co.Feb.
Jan. 1 to Feb. 28....
Twin City Bap. Tr. Jan.
*
t
1,821
— ^Bal. of Net Eam'gs.—^
Int., Mentals, etc.
Ourre7it
Previous
Year.
Year.
$
WayneRyCo
20,825
76,788
11,409
6,850
13.864
North.OhioTrac.&Llfirht
Co.a
36,947
blVet AArnlnffs h<«r« elven ari >i«for« dednotlng taxes.
e Inolndes South Oovlogton A Clnolnnati St. By. Oo.
f Ten per cent of gross Income charged Into operating expenses In
February, 1905, to create a reserve fond for damages.
The niinols Traction Co. Is a consolidation of Danville Urbana A
Champaign, Urbana & Champaign By. Qas & Electric Co., Danville St.
By. &. Light Co. and Decatur &7. & Light Oo.
n These earnings Inolnde the Detroit United By., Detroit & Port
Huron Shore Line and the Sandwich Windsor A Amherstbnrg By.
Houston Elect. Oo. Nov.
Lima
Jan.
14,791
30,592
14,787
19,247
32,770
51,933
24,630
210,119
7.070
11,321
52,086
115,647
162,410
a Net earnings here given are after dedaotlng taxes.
163,111
83,287
928,177
11,209
24,565
Indianap. & Northwest
Traction Co
Jan.
22,598
2,082
July 1 to Jan. 31...
221,977
91,528
International Tract. Co.
8y8tem(Bnfralo)b.Feb.
290,939
284,349
98,714
July 1 to Feb. 28
2,863,737 2,756,084 1,318,394
Jaoksonv. Elec. Co. Jan.
25,560
21,456
10,625
Kan. (?lty By.& Lt.aJan.
347,379
314,233
135,947
June 1 to Jan. 3i.... 2,956,987 2,581,665 1,283,651
Lexington Ry. b...Feb.
21,782
21,493
7.425
Jan. Ito Feb. 28....
45,740
16,869
Mnncle Hartford & Fort
Wayne By o.a..Feb.
25,741
49.717
15,733
17.250
41,813
59,124
29,954
222,108
12,219
16,060
64,174
139,028
176,806
Interest Charges and Surplms.
Houghton County St. Ry.
(Hancock, Mich.). Jan.
Houston Elect. Co.. Nov.
Aug. 1 to Nov. 30
rwln City Rap Tr.b Jan.
youngstowB-Sharon Ry.
Jul
St Lt. Co.a
28,069
68,118
39,734
58,830
116,080
189,813
67,460
482,106
24,987
41,188
124,037
261,555
331,412
41,056
Terre HauteTr&Lt.Jan.
8,533
det.1.993
8.711
1,088
4,764
det.
41.170
81,561
41,840
61,221
130,274
201,760
74.205
514,815
31,139
46.247
133,405
284.349
851.120
Tol. RyB.<&Lt.Oo.a.Feb.
Jan. 1 to Feb. 28....
Year.
Soad*.
Alb'nydcHad.BB.aJaiL
Aurora Elgln&Oblo. Jan.
By
Feb.
Jan. 1 to Feb. 28....
Savannah Eleotrlc.Jan.
ScrantonRy. Co....Feb.
Jan. 1 to Feb. 28..-.
Seattle Electric Oo. Jan.
Syracuse Rap. Tr.b Jan.
July 1 to Jan. 31....
Tampa Elect. Co. ..Jan.
Jose
.
18,009
25,587
10,563
18.660
37,320
25,135
20,834
142.058
1.937
8,962
42,819
85,520
197,325
1,933
7,889
2,870
10,031
12,960
25,627
14
2,210
*23,234
*53,ti09
63
106
8,194
6,022
9,862
24,997
122
876
7,398
12,732
7,398
14,310
24.130
16,282
10,563
5,180
4,224
536
18,711 def. 1,410
87,421
4,493 def. 4,651
23,187
83,989
28,746
20.296
9,620
4.334
141.849
80.050
68,270
4,942
2,128
10,282
9,539
7,098
1,792
41,690
21,355
10.496
82,902
58.508
32.745
187.519
78,481
74,891
After allowins: tor other Income received.
Fixed charges Include dividend on preferred stock.
1 ThlB Burplns Inoladea proportion of Burplus of City Qas (3o. amounting to ¥3,352 this year against $3,429 last year In December, and to
$36,852 this year against $^8,947 last year for period from Jan. 1 to
Dec. 81.
H After allowing for eost of bridge destroyed by flood, $1,139.
l£ Inoluaes also sinking fund charges.
THE CHRONICLE
1170
Vol. lxxx.
ANNUAL REPORTS.
CONDENSED BALANCE SHEET DEC.
1904.
la
omitted to-day, will
Adirondack Ry
Sohen. & Daane. RR
Railroad equipment
Chat.
President Divid Willcox writes in substance:
General.— Dividends upon capital stock have been paid at the rate
of 7 p. 0., amonntlng to $2,756,182; the snm of $1,600,000 haB been
charged to profit and loss and credited to the account of mining plant
and the balance of the net Income of the year, $196,359, has been
credited to profit and loss.
Additioj«8. Etc.— Betterments and additions to the property have
aggrejrated $2,465,242. No addition by reason thereof has been made
to capital accotint. Their cost has been a« follows: Coal department,
$44 4,634; railroad department, $749,148; new eqnlpment for rail-
road department, $1,871,460.
The followlne new eqnlpment has been acquired by purchase or
construction: 50 locomotives, 26 oars for passenger servioe, 171 cars
for freight and company service.
OAPiTALizAxroN, ETC.— Debentures have been paid as follow?:
Equlpmeit debentures, $20 ),000; car trust certifloates, $150,000;
Hudson Coal Co. debentures, $235,000; total, $385,000. In addition
4,171 shares of stock have been purchased for the sinking fund and
Total of said redactions in capicanceled, being at par $417,100.
talisation. $1,002,100.
The sinking fund for the year 1904 was as follow?: Dividends on
stock heretofore retired byslnklne fund, $59,971; amount charged In
eipenpes of coal department, $228, cot!; total sinking fand for 1904,
f 287,977; total to credit of sinking fund for 1903 and 1904, $501,663.This entire amount, with $7,440 additional, has been expended In purcbaslcg and retiring 4,171 shares of the company's capital stock, as
above stated.
Coal Odtput.— The total amount of anthracite coal produced by all
parties during 1904 was 57.492,S22 tons. The amount produced by
this company was 5,832,668 tons. At the close of the year it had on
hand 203,176 tons.
Stock.— An Increase of $10,000,000 in the capital stock was
authorized on March 7, 190*, of which amount $7,000,000 was
Issued to the stockholders at 135. From the proceeds were paid the
outstanding bonds and debentures of the New York & Canada Ry. Co.,
$5,000,000; the outstanding bonds of the Chateaugay Ry. Co.. $200,-
New
000, and the expense of standard-gauging the Chateaugay & Lake
Placid Ry., amonntlng to $2,085,778, and the balance was applied to
general purposes. Accordingly, the New York & Canada Co. has Issued to this company its 6 p.c. pref stock to the amount of $5,000,000,
and the Chateaugay & Lake Placid Co. has Issued to this company Its
4 p. 0. preferred stock to the amount of $2,000,000. The balance sd
expended on account of the Chateaugay & Lake Placid Co. has been
Chronicle,— Ed ]
the amount produced by your
The
total
output of coal,
ccmpany, and the amount transported for others, were
Tern* (0008 omitted)
Total output
1904. IPOS. 1902. 1901. 1900. 1899. 1?9S. 1897.
B7,49i 69,862 81, 200 63,668 45,107 47,665 41.900 41,638
H
Produced by D. &
W32
Carried for other companies 2,w23
Total tons carried
8,255
5,979
2,679
3,127
1.513
5,055 4,017
2,616 a,«il
4,183
2.816
3,034
1,679
3,fle6
8,658
4.610
7,571
6,430
5,613
5.647
6,223
1,681
OPEBATION8 AND FISCAL BESULTS.
180 1.
1903.
Operationt—
1902.
Pass, carried earn'g revenue.
6,633,135
6,313,818
6,074,613
No. of pass, carried 1 mile... 113,873,216 111.050,>i35 103,8 27,273
2"185 ots.
2*285 cts.
Av. receipts p pass, per mile
2 250 cts.
$0*91372
$0-96889
Pass, earnings per train mile.
$1 06134
10,6.'i9,444
Tons fr'ght carried earn. rev. 15,612,163
15,009,808
Tons freight carried i mile. .1782.362,895 1616,518.022 1159.831,753
0*661 cts.
0-675 cts.
0-711 ots.
Aver, receipts p. ton p. mile.
$2-85207
$2-60014
Freight earns, per train mile.
$2-45464
420-39
393'32
Av. No. tons freight In train.
345*47
Qross earns, per mile of road.
$17,880
$17,739
$16,031
Equipment —
836
392
384
392
352
380
13,298
14.160
18,205
cars...
541
Earnings Coal Department —
$
Coal sales at mines
163,503
do do at railroad dept...
1,243,502
do do at other points
17,493,730
Coal added to stock
131,678
267
Lioojmotlvee
Passenger oars
Freight cars
Company
205
40,091
511,484
$
163,417
904,000
18,461.617
654,197
12,979
347,207
19,583,988
20,543,417
18,820,904
10,562,283
5.968,312
11.628,821
4.703,997
5,809,649
3,683,049
682,832
584,840
863,951
870,799
17,203.427
2,380,561
16,817,158
3,726,259
11,207,443
1,113,466
4,332,168
6,674,166
3,263.022
1,801,768
4,045,206
4,773,526
8,303,148
1,621,074
2,8 '31,284
Total earnings
15,071,124
Operat'g expen. ofrailroads-
18,642,954
11,050,690
2,407,319
2,803.525
9,679,342
1,805,096
3,123,383
2,565.541
2,485,467
994,806
1,543.400
2,169,908
2,235,182
740,660
Interest, rentals, etc.
9,196,281
6,875,843
2,999,967
8,169,196
6,473,758
2,994,860
6,689,150
4,861,540
2.977,120
Profit to D. & H. Co. f r'm RR.'s
do do from coal depart't.
2,876,886
2,330,661
2,478,893
8,726,269
1,384,420
1.113,456
6,256,447
808,9 i4
6,205,167
2,290,363
2,497,876
4,462,528
2,756,162
3,914,794
2,450,000
2,497.876
2,450,000
1,696,361
1,464,791
47,876
Miscellaneous profit
Interest on investments
Total earnings
Expenses Goal Department—
Mining and preparing coal..
Railroad transportation
Oeneral, taxes, handling,
sinking fand, etc
Value of coal sold from stock.
Total expenses
Net Coal Department
Earnings of Kailroadt —
Lines In FermHyivanla
Albany & Bu-quehanna RR.
R«^n. & Sara. KH. and Adlron.
New York A Canada RR
LlnPB In Pennsylvania
Albany A SuHq'ifihanna RR..
Ren. & Bara. RK. and Adlron.
New York A Canada RR
Total operating expenses
Net earnings of railroads
Deduct
Total profits
Deduct— Charged
off
Net earnings for year.
Dividends (7 p.c.)
Borplns
$
112.699
746,545
11,074,256
83,767
803,647
3,966,036
8.02<,.'i38
1,239,832
12,60''. ^'31
10,8.?0,950
8.374,292
286,299
7,879,435
10,000
799,321
800,000
Coal handling & storage plants...
237,166
Sapp'les on hand (cost)
2,248,069
Shop machinery, tools, etc
405,133
Ooai at agencies (cost)
Fire insurance fund
116,668
Stocks and bonis owned
*12,483,866
Advances on unmlned coal
899,686
•ash
2,633,001
Due from paymasters, etc
1,511,096
Bills and accounts receivable
3,033,021
Total assets
Liabilities—
Capital stock
5,260,204
12,148,716
14,966,093
8,038,768
l,COf>,<iO0
Marine equipment
Coal department equipment
Mining plant, breakers, Ac,
62,497,029
1,000,000
600,000
10,000
820,944
10,000
841,922
2,488,634
241,616
1,746,666
509,822
94,604
2,30'>,000
190,032
2,150,032
644,610
1,352,733
892,559
892,302
6,451,488
876,298
900,520
1,772,205)
1,705,678 3
65,467,389
5,029,314
55,513,891
40,990,000 84,407.100 31,507.100
9,150,000
9,500,000
9,350,000
Int., divs., etc due Jan. 1
571,050
575,050
557,560
Int dlvs. and bonds unclaimed..
185.461
131,711
130,923
Sinking fund to retire cap. stock
813,^85
179,842
Fire Insurance fund
159,321
100,357
Audited pay-rolls
1,185,720
1,134,631
Audited vouchers
2,469,1=14
2,605,556
4,017,102
Other accounts payable
1.062,202
189,853;
Profit and loss
6,800,573
6,593,154
6,670,628
Bonds
(see Rt.
& Ihd. Sbc.)
.
.
Total
*
62,197,029
liabilities.
Stocks and bonds
owned as
follows;
55,467,389
55,513,891
Stooks— 50,000 shares N. Y.
&Oan BR pref., 39,999 common; 20.000 Ohat'ay & L. P. By. pref.;
8,000 Reus. & Sara. BR 4,500 Alb, & Sasq RR.; 6.778 Ch. Val. Sh.
& Alb. RR 2,246 Champ. Transp.; 4 Del. & Hud.; 1.879 Ohat'y Ore &
;
;
Iron 1st pref., 1,811 2d nref., 12, SCO common; 2,000 Hudson Coal Co.;
1,000 Blnff Point Land Impt.; 1,69823 Jackson Coal Co ; 750 Ohat'y &
L. P. Ry. com.; 450 Coop'n & Charl. Val. RR ; 2773, oo United States
Hotel, Saratoga, N Y.; 108 N.J. <k N. Y. RR.; 30 Laurel Ruq Turnpike; 75 Troy Union BR.; total, $12,487,150. B9nds— Oarbondale
Gas Co.. $8.000 bonds and mortgages on real estate, $8,716 ; total,
$16,716.-V. 79, p. 2795.
;
Texas
&
Pacific Railway.
^Report for Fiscal Year Ending Dec.
loss.
[See also page 1148 of to day's
5,146,357
500,00!)
A Lake Placid Ry. const'n
.
charged to profit and
5,141,150
12,600,000
10,i99,4l3
1,000,000
to
Delaware & Hadson Company.
fReport for Fiscal Year Ending Dec 31, 1904 J
1902.
$
"Annual Reports," which Real estate
Unmlnpd coal
be found in Chronicle of March 18.
Railroad construction
Annnal Reports.— The index
31.
1903.
SI, 1904,
President George J, Gould says in part
Obnesal BEBULT8— Qross earnings increased $338,404,
or 2 79 p.
expenses deoreasel $174,413. or 2 10 p. 0., leaving an Increase In
net earnlng<i of $n2,817, or 1346 p. 0, Gross earnings per mile
show a decrease of $194, owing to an Increase la the average mileage
operated over the previous year of 99 miles of new branehes. The increase per mile in net earnings wa"? $161, or 7-31 p. c, the largest net
earnings per mile In the history of the company. The Increased revenue from operation is largely due to passenger traflBo, which, owing
partlvto the Influence of the World's Fair at St. Louis, increased
$867,197. or 14 p. o.
expenditures of operation was largely due to a deThe decrease
crease In maiotenance of $114 per mile. This was made feasible by
the Improved physical condition of the property resulting from the
liberal expenditures for Improvement in past years rendering economy
0.;
m
in operation possible.
INCBEASE IN LooAL Teaffic— Perhaps the most gratifying feature
the marked Increase In local trafSs, both freight and passenger,
with all railways operating In comparatively new and sparsely settled
sections, the development of local business Is of paramount Importance. The local tonnage transported for the five years ending Dae.
31, 190), amounted to 7,385,042 tons, producing a revenue of $15,741,748, against a tonnage for the previous five years ending Deo. 31,
1899, of 4,530,398. producing a revenue of $11,262,994, or an increase
for the last five years of 63 p. o. and in revenue of 40 p. o. The new
mileage acqnlred in the above period has mostly been In branches
is
penetrating territory tributary to th^ line In Louisiana.
The movement of grain from the interior to the Southern seaboard
mateil illy decreased during the year, affecting the earnluKs of the
road In the transportation of wheat and corn to a c >nsidsrable extent
compared with the previous year, the company's elevators at New Orleans handling comparatively little business during the season.
The exDorts of domestic grain, rice and fl )ur from the Port of New
Orleans for the year 1904 compare as follows:
1908.
Calendar Year—
1904.
11,989,273
Wheat, bushels of 56 pounds
1,894,054
18,832,203
6,233,427
Corn, bushels of 60 pounds
624,337
Flour, barrels
1,374,844
61.555
86,935
Oati, bushels of 32 pounds
29.407,375
899,907
Rice, pounds
72,829,8(35
56,388,606
Rice exported to Porto Rloo, pounds
Bbanoh Lines.-The company's branch lines in Louisiana, which
embrace a total mileage of 340, were finally completed and put In
operation at the commencement of the year 190 1, and are already
showing excellent results. Daring the past year they have more than
earned the Interest on the bonds Issued for their constrnctlon.
Bonds —The cost of construction of the branch Hues in excess of the
bonds Issued therefor daring the year was $297,154. There were
issued and sold during the year the following bonds: First mortgage
Loulclana Dlvl-lon, $65,000; first mortgage 5 p. c. bonds, $114,000.
The first mortgage eastern division 6 p. o. bonds. $2,766,000, will be
redeemed at par on Mar. 1, 19)5, and replaced by a llkd number of
first mortgage 5 p. c. bonds.
The ftxpendlf.nres for the betterment of the property made during
the year and charged to Income aggregated $396,503. of which for ballasting $210,857; side and double tracks, $106,02S; water stations,
dams, etc., $ti4,770; depots and other buildings, $56, 134 [remainder
scattering).
OBNRRAi. Rbmarkb.— On the eastern division a great deal of land is
being cleared and tbouiandit of fruit trees set ouf, between Edgewood
and Texarkana. RilHlni; potatoes for the early summ'>r marbet Is a
growing Industry. At Big Sandy and Lake Fjrk. new saw mills have
been erected, and at Grand Saline a new salt works has besn built. la
Dallas and Fort Worth many new Industries have been established
and these cities are growing rapidly. At Dsnton, a new fl )ur mill,
with a capacity of 250 barrels dally, was built and has been In opera-
summer.
At Abilene, on the Rio Grande
tion since Ust
division, a large cotton oil refinery
Industries have been establiehsd along the
line of the western division and immigration Is fast settling up the
country between Balrd and Big Springs.
On the Lonlslauii division, near Mile Post 6, a company is erecting a
large plant for the purpose of mtnuraoturing paper from bagasse,
being the cruihed sugar cano heretofore useil for fuel. This Is an entirely new enterprise. At Mlle-Post 64, one of the largest timber nallls
has been
bnllc.
Numerous
Mab.
THE CHRONICLE.
25, 1905.]
1171
In the State bas been erected. On the Indian Village branch, a large
cooperage mill Is being bnllt, and at Belle Alliance, on the La Fourohe
branch, a very large glnoose and syrup factory has been erected.
Ameriean (Bell) Telephone & Telegraph Co.
^Report for Fiscal Year Ending Dee. 31, 1904. J
F&EIGBT CARBIBD (OOOS OMITTED).
The remarks of President Frederick P. Fish, together with
the company's income accoant and balance sheet and a
table showing the growth of the Bell system for a series of
years, will be found^on pages 1180 and 1181. (Cjmpsire V.
Tear—
1904
tons.
.... ..3,673
1903.... ..4,072
1902.... ..3.816
1901
..3.792
1900.,.. ..2.891
....
Manuf.di
Live
Total
Lumber.
608
649
608
568
4C0
stock.
Grain.
Cotton,
Goal,
128
137
127
116
117
181
592
485
569
376
218
222
211
192
192
365
424
324
404
344
merch.
870
894
1,03«
1902.
1901.
1903.
1804.
$
$
$
$
Assets 87.768.214 87.405,559 84.881.597 2,930.611
Railroad, eqalp.. etc
PaolfloRR 8tock..a6,'716.200a6,7ie.200a6,7l2.900 6,712,600
N. O.
686,108 2,024,923 2,066.190
682,054
Securities owned
3,074,000
(c)
(c)
(c)
Bonds tn escrow
4&0,390
39?.937
500,390
509,206
Elevator pjoperty
180,894
1.744,275 2,140,116 2,063.513
New equipment
141.440
141,440
141,541
141,541
Gordon coal mine
615,694
564,897
522,876
225,656
Materials on hand
250.237 2,05.'^.90O
351,133
t09,727
Cash on hand
1,126,940 1,126,850 1,250.569 1,146,648
Aooouiits collectible
36,ei0
31,930
39.153
36,508
Land notes receivable...
144.117
106,815
231,662
168,203
Miscellaneous
99,618,528 99,864,168 98,602,292 99,411,985
Liabilities —
INCOME ACCOUNT OF PABENT COMPANY.
6is8
Financial Results.—The income account for four years
past was giveo in the Chronicle last week on page 1108.
OBNBBAL BALANCE BHBET AT CLOSE OF EACH FISCAL TBAB.
Total assets
80, p. 1113.)
£93
88,763.810 38,763.810 38,760,810 38,760,110
5»,2*i2,814 £4,279,602 53,288,883 55,630.296
290,788
Equipment obligations.. 1,791,613 2,250,010 2,173,407
963.438
946,214
931,377
807,584
Vouchers and pay-rolls..
3J9.702
294,552
292,848
308,118
Int. due and accrued
1,983.400 1.625,000 1,200,000
Bills payable..
286.127
316,501
369,441
470,145
Other accounts
1,271,039 1,346,106 1,569,284 3,220,440
Income account
1904.
99,618,623 99,854,168 98,602,292 99,411,985
(a) This Item is not an available asset, but is held simply to protect
certain rights and franchises appertaining to the line In Louisiana.
(c) The first mortgage &B, which in previous yeais were carried in
this item and also on the other side of the account, being reserved to
retire the Eastern Division bonds, no lODger appear on the balance
sheet, though an amount sufliclent for this purpose was ot course still
in esok'uw at the end of 1904. The reserved bonds have since been
Issued, the Eastern Division bonds having matured March 1, 1905.—
V. 80, p. 1108,1059.
Cbioago & Oak Paik Elerated R&llway.
^Report for JSix Months to Dee. SI, IS04.J
President Salnebury says in substance:
The Chicago & Oak Park Elevated Railway Company was formed
April 22, 1904, and entered Into an agreement for the acquisition of
the securities of the Chicago & Oak Park Elevated RB, Co. (formerly
known as the Lake Street Elevated RR. Co.), in accordance with which
arrangement this company has received and holds, of the securities ot
the Chicago & uak Park Elevated RR. Co., the following:
Income bonds, par ^alne
$852,800
87,082-29
Stock (Shares)
In addition to the above we are advised that 7,416 636-1.000 shares
of the stock of the railroad company have been deposited under the
terms of the arrangement for the exchange.
The company has also received and now holds $1,384,160 of the
notes (demand obligations) of the Chicago & Oak Park Elevated RR.
Co. lor moneys advanced and loaned to said company. The railway
company has issued and now has ontstandiDg $J44,v50 of its notes
(demand obligations), in addition to which there is the debenture note
Of $360,000 Issued by the Chioa go & Oak Park Elevated RR. Co. in
settlement of the claim of $770,084 58 of the Northwestern Elevated
RR. Co., and by this company Indorsed over and guaranteed to the
Northwestern Elevated RR. Co.
EAKNINOS, EXPEKSES AND OHAKGES OF RAILroad.
1902.
f
Interest
Total
Administration
Legal expenses
Interest and taxes
Telephone trafflo
8.400,301
3,438,606
6,678,448
76.782
1,055.522
7.802,834
3,047,088
4,888,168
73,332
734,220
6,023,523
2,299,379
4,199,708
56.030
698,816
16,645,632
18,277,457
1,103,493
,...
962.298
95,665
1,993.680
2,929,425
964,827
124,646
1,970,948
2,381,764
6,980,967
83.530
2,670,084
3,413,850
7.270.967
11,275,702
x9,799,117
(71* p.o
Surplus
Carried to reserves
Carried to surplus
X On
the
amount
of stock held
8.619,151
1,945,614
1,250,868
686,149
890,436
)
6.442.185
7,835,272
6,584,404
728,140
1,217,374
522,247
728,621
1,476,584
Dividends
10..'=.64,665
1,476,586
Total
Net revenue
Capital stock
liabilities
$
18,646.659
Dividends
Rental of instruments
Telephone trafflo
Real estate
Bonds, etc
Total
1903.
$
Earnings-
1,946,514
1,260,868
by the
public.
See foot-note to bal-
ance sheet below.
BALANCE SHEET DEC.
31.
1904.
Assets—
A
1903.
S
9
26,876.806
6.767.190
7,301,689
Telephones
Real estate
2,009,749
2.232,944
Stocks and bonds
138,684,248 130,678,449
Patent account
219,834
173.864
Machinery and tools
48,127
48,127
Cash and deposits
13.192,673 13,319,633
Bills and account receivable
36,140.048 22,397.407
American Bell Telephone Co.... 22,110,400 22,110,400
Old Colony Trust Co., trustee... 25,000,000
Construct'D, equip.
snppllea.. 30,889,710
Total
Liabilities—
Capital stock
Capital stock Instalments
Surplus..
Bonds (see V. 80, p. 1113)
Notes
Reserves
Accounts payable
Contingent
1P02.
$
22.496,192
6.522.106
1,745.380
114,864.799
166,014
48.126
6,933,364
16,628,621
22,110,400
27M19,673 224,381,525 190,414,903
yl&8,661,800 154.179.300 114,946,500
1,972,380 11,172,472
4,710,665
3,493,290
6.601,100
63.000.000 28,000,OCO 28,000,000
20,000,000
7,942,075
6,079,262
8,726,616
*9,184,948
8,931,895
8,078.169
18,645,210 18,645,210 18,645,210
273,819,673 224,381,525 190,414,903
Total
Including In 1904 «2,959.907 for dividend Jan, 16, 1905.
the capital above stated shares to the amount of $27,110,400
are held as a reserve for certain iadebtedness and for the beaedt of
the Treasury, and on this stock dividends have not been paid; amount
held by public and receiving dividends, $131,551,400.-7. 80, p. 1110
1113.
*
y Of
Cambria Steel Company.
f Report for Fiscal Year Ending Dee. SI, 1904.)
The report, signed by Chairman E. B. Morris and President
Powell Stackhoase, says In sabstance:
Fboduction.— Shipments of steel show a decrease compared with
the preceding year of 25-2 p. c. in oiuantity and in the gross value of all
products shipped of 36*7 p. o. The depression in the steel business
that commenced in the summer of 1903 continued In a more severe
to
ended
to
form up to October, 1904; It was most pronounced In curtailment of
Dee. 31, June 30,
Dec. 31, Jtif.eao,
orders on the part of railways and shipyards, little new building being
1604.
1004.
1904.
Deduct—
1904.
Earnings— Passenger. $101,730 $30«,209 Reserved for taxes... $15,8-*3 $28."67 done, and repairs either neglected or maintained at the minimum.
Other
7.397
10.721 Rentals least: d roads'.
82.766 CocnmenclDg with October, 1904, our business has been of satisfac«2.405
Interest on debenture
tory volume, excepting in plates and rails. Oar plate mill has been
Total earnings... $iC9 li!7 $824,931
note
3,500
turning out about half product, and our heavy rail mill has been Idle
Bio.— Maint.way.&c. $11,042 $21,770 Interest on car equip.
or running on a restricted tonnage and prodt.
Maint. equipment.. a('.007
4 4.127
and other notes
20,802
Conduct, transp'n.. 202.201 384.708 Interest on bonds
NOTES.— Of the $3,500,000 term notes issued Deo. 15, 1900, $2,890,114,150 •322.424
Ueneral
12,041
27.823
000 have bnen paid, including $665,C00 In 1904, leaving $610,000
Totals
$196,74 2 $433,947
outstanding, $45,000 of which are due and payable in 1905 and
Total
$245,886 $478,4£0 Deficit
$31,862 $87,416
$565,000 In 1606.
Add— For int. on notes
Mimebal Pboperties.—The coal, iron ore and limestone properties
Net earnir gs
$163,131 $346,500
to railway company 28.677
owned produced satisfactory results, but as favorable opjwrtnnltles
Other income
1.647
Total d eflcit
$58 ,440 $87,446 cffer, the quantities of these base supplies should be further supple* Includes other interest.
Total Income
$164,870 $346,500
mented, thus reoognlzlng our corporate obligations to the future. Our
Penn Iron Mining Co. shipped from its mines on the Menominee
BALANCE SHEET OF BAILroOd CO.
Range, Mich., 140,527 tons of iron ore for use at your works. The
Dec. 31,
June 30,
June 30,
Dec. 31,
Republic Iron Co. of Michigan, of which you own about 99ia p. c. of
1904.
1804.
IV 04.
1904.
the capital stock, shipped from its mines in the Marqaette Distriot;
Astets—
LiabUities—
$
$
$
$
Conftrnction and
Capital stock
123,120 tons of iron ore, about llO.Ooo tons of which we will ase, the
.10,000,000 10,000.(00
equipment
17,378.439
Mortgage bonds.. 5.000,000 6,000 OdO remainder having been sold. The Mahoning Ore dt Steel Co., Mesa^i
Bignt of way and
Income bonds
} 17,726,485
1,00\000 1,U0 ',000 District, Minnesota, of which we own 50 p. o. of the capital stock,
property
436,7961
1,780,500
Notes pay able
X2,2' 7.150
produced, on account of our one-half interest, 360,000 tons of iron
Cash and accts.
56.000
Car equip, notes
43,0
ore In 1904; its annual output can be increased, when required, and
receiyable
14,664
134,116 Contract oblig'ns.
60,491
its ore reserves are ample to supply you with this class of ores for a
Stocks and bonds
8.713
Real estate morts
8.363
In treasury
10,903
very long term of years.
Secur. boriowed..
150.1 00
Ist mtee. bona*
Accrued taxes. ...
SO.O
Franklin Plant.— In November, 1903, five 60-ton open-hearth furas collateral ...
678,000
437,833 Miscellaneous int.
114,175
33.687
naces were under construction the product not being then required,
tinadjuiied accts.
BH,362
58,009
44,082 Accounts payable.
48,314
work was suspended. This was resumed during 1904. and at this
Deficit
114,053
17,601
04,418 Unaojusted accis.
12.823
date three of these are producing steel; the two remaining should be
ToUl
18.693,885 18.805.343
Total
18,693.865 18.395.316 operative within ninety days, completing the fifteen COton furnaces
authorized, with an estimated capacity of 30,000 tons of steel lni<ots
X Includes: Debenture note (for debt to Northwestern Ij), $360,000; ChlcsKO per month. The two additional plate slab-heating furnaces under susA Oak Pttjk Elevated Ry Co., $1 040,000. "only a bookkeepicg item." represent- pension per last annual report are now being completed. The coaing cash raised at organization; Chlcsgo & Oak Park Elevated Ry. Co.. $344.struction of blast furnace No. 7, authorized in April, 1903, work on
l&o; notes uecured by first mortgage bonds as collateral. $4s3.0y0.
which was suspended in November, 1903, was resumed in latter part of
BALANCE SHEET OF BAILMttV CO. DEC. 31, 1904.
1904, and IS now being pushed to completion.
Asuts—
LiabilitUtCoke Ovens.—The 100 Otto-Hoffman ovens, under oonstruotlon at
Stock of Chlcflgo 4 Oak Park
Preferred stock.... $2,986,000
last report, were completed and put In operation In Aui<ust and SepElevated RR. Co. (87.Common stock
5.416.300
remher, and are producing satisfactory results, making a total of 260
C8vi-2» thares) and Income
$8,402,300
by product ovens In nse. To provide for your increasing output ot
bonds Chic. & Oak Park El.
In escrow to be Issued—
RB. Co. (par). $662,800.
metal, an additional 100 ovens should be authorized during 1005.
Preferred stock..
$45,060
Carried at
$7,464,696
Cab Shops.— Owing to the suspension of car orders by the railroad
Ccmmon stock....
67.491
Notes receivable
1.384.160
112,660
companies, this plant was operated during 1904 only for a short time.
Cash on hand
I,8i4 Notes payable
344,160 Orders now in hand promise full work for 1905.
Bxpenies
SJaso
Improvements.— There was expended tor Improvements $730,033;
of this amount $656,052 was charged to plant additions, and the re$8,860,010
ToUl
mainder, $73,981, was repaid by amount realized from sales in 1904
fl
mo».
Year
a mos.
Tear
tnded
.
.
;
THE CHRONICLE,
1172
of real estate and minerals nncler terms of your lease from Cambria
Iron Co. There was expended, In addition, $224,319 for replacements and alterations and charged to operating accounts.
Manuacturkbb' Wateb Co.— This corporation, of which you control the entire capital stock, provides the water supply for yonr
works; your nee averages 53, < 00,000 gallons dally. Hinckson'd
Run Reservoir commenced In 1902; work was proceeded with during
1904 and $109,337 expended thereon. This Is now In use, and la substantially completed. Oonemansh pipe line Is completed and in use;
amount expended in 1904, $13,612.
The income account and balance
sheets are as follow p:
Nov. 1, 190T,
to Dec. 31 , 'Oz
Tear
Tear
1904.
190S.
$3,048,765
424,125
^14 months).
$3,472,880
three other minor Items in the inventory, has made It necessary to
charge off $482,605, and this sum has accordingly been deducted from
the earnings of the year, leaving the net surplus to be carried forward
$106,777. The company has now abandoned and charged ofi' from its
capital account two mills, which alone of its 30 mills have caused a
loss every year since the company started.
IMPEOVBMBNTS.— Since the formation of the company in 1899 the
machinery in all its mills has been kept up to modern standards, as
evidenced by the fact that the quality of its manufacture has steadily
Improved and Us output has been increased fully 25 p. o. Improved
meihods and a better distribution of business between the difi'erent
mills have also played an Important part Inlncreasicg the efScienoy
of the various plants.
$5,660,204
Ket earns, from oper'n... $1,925,543
289,353
Rente, Investments, etc..
[YOL. LXXX.
$5,084,260
575,944
The
profit
and
1901.
$1,632,561
Net earnings
on term
Total net lnoome$I, 773,928
603,241
464,614
451,239
notes, etc
$5,058,963
Balatoe
$3,008,266
$1,763,657
Deduct —
Dividends
(S%)$1,360,000 (L%)$l,350,000(4i«%)$2,026,000
400,000
800,000
General depreo'n fund..,.
350,000
1,500,000
600,000
Betterm't and imp' t fund
Total deductions
Surplus
BALAHCB SHEET DEC.
1904.
1903.
%
%
KLeaseh'd estate. 33,090.3f 5 33,090.S05
Plant additions... f, 166.643 4,510.590
Real est.. Steel Co.
78,440
72,042
Sundry securities. I,ie0,3»2 1,132,132
Inventory acco'nt 5,956,703 «,511,05S
Special deposit.... 2,500,000 3,760,000
Cash
1.084,078
344,545
Accts. receivable. 8,815,169 3,799,60 a
Bills receivable...
116,034
393,698
AMtti—
Total
$4,325,000
$731,968
$2,250,000
$758,266
$1,700,000
$68,657
31.
1903.
1904.
UabiUtiti—
%
%
45.000,000 45,000,000
Capital stock
General dpprecia1,560,000 l,200,OC0
lion fnnd
and
Betterment
improVm'tfund
2,000,000
2,000,000
includiDKdiv.... 1,581,''73
610,000
Bills pay..termntB
1,927,616
1,276,000
2,201,313
Accounts
Profit
&
pay'le.
loss acct. 2,^23,911
Total
52,866,684 68,603,928
52,P65,684 53,603,928
X Property, works, coal, ore lands, etc.,
nual rental, under Cambria Iron Co. lease for 989 years, being
COO Cambria Iron Co.'s stock.-T. 78, p. 1166.
subject to payment of
1338,720 an
1 p. c.
on bonds.
$350,000
Expen., includ. malnt. 210,172
Interest
.
.
Misoellaneous
xChargedofif
Sinking fund
115,575
108,860
50,000
$1,667,152 $1,215,817
Balance, farplus. $106,776
$258,535
$1,181,028
$646,832
$1,157,655
$164,087
X See remarks above.
BALANCE SHEET JAK.
1906.
1904.
Assetst
%
Plant & real est. ,16,613,646 17,0P6,253
Good-will, etc.... 18.010,160 18,010,150
Cash
1,3:9,632 1.153,938
Account! recelv.. 1,172 631 1,220,502
19S.892
115,808
Notes receivable.
475,438
Company bonds..
316,857
Miscellaneous. ..
10,235
10,236
Sup. & materials. 2,634,985 2,204.676
Sinking fund
274,425
398,800
Treas. com. stock 2.000,000 2,000,000
,
.
on f 3,468,-
Surplus
Preylous surplus
Total surplus
$908,055
$978,410 $342,096
332,670
127,006
248,379
284,829 267,638
127,006
266,575 274,658
$200,000
(2%)...
Depreciation
$200,000
1,000,000
$800,000 $300,000
700,000 400,000
335,970
127,006
228.040
$1,400,000 $1,200,000 $1,000,000 $700,000
OERBBAL BALAHCE SHEET DEC.
1904.
1903.
Assets—
Plant account
t
$
10,008,847 10,274.761
454,2H4
Ca»h
662,440
Bills receivable...
35,954
57,390
Accts. receivable. 9,531,460 2.612,326
laventorles
I,!j20,145
1,271,458
31.
1904.
LiaHlitits—
Capital (pref.)
5,699,600
Capital (commoD). e,3o0,300
Gold notes (4 p. c.)
400,000
Accounta payable 882,548
Pref'd dividends..
Common dlvid's.
127,008
Surplus
Total
1901.
1,200,000
Preferred dividends (6%)..
Common dividends
-V. 80,
1902.
14,848,846 14,670,169
Total.
1,400,000
1903.
«
6,599,500
6,86H,30<)
950,000
359,371
83,992
127,00a
1,200,000
1904.
bonds
17,00 >,000
54,60S
Accounts parable
5 p. c.
Surplus
1,686,211
17,000,000
76,868
1,406,059
48.690,810 42,480,987
Total
42,890,819 42,480,927
80, p. 873.
International Silver Co.
(Statement for Fiscal Year Ended Dec. SI, 1904. J
The company reports as follows for the years ended Dec. 81:
1904.
Paper Company.
Report for Fiscal Year Ending Dec, SI, 1904 J
f
T?ritlni;
1903.
1901.
1902.
Brought forward
$2,286,271 $2,119,518 $1,905,300 $1,678,383
904,017
938,137
614,933
Earnings for year....
881.197
$3,786,497
$220,022
(4)204,300
242,657
$2,293,316
$223,391
$763,131
$771,384
$666,979
$2,427,167 $2,286,271 $2,119,618
BALANCE SHEET DBO. 31.
$388,017
$1,906,299
Total
$3,190,288 $3,057,655
Interest on bonds
$332,593
$384,387
Dlv. on pref. stock... (4)263,080 (4)264,300
167,458
Depreciation
Surplus Dec. 31
1904.
$
Astttt—
Plant,
etc
.
1
-
Common
6,019,207 16,162.828
8,187,426
4 110,270
3,211,175
Stock on hand
Other investm'nts 4 120,324
ist mon'ge bonds
in treasury
138.719
703,371
158,369
625,940
Acc'nts and notes
1,815,168
receivable
1,758,884
Cash
,...28.002,954 26,903.717
Total
—V. 80.
p.
stock....
Preferred stock...
1st mort. bonds...
Debenture bonds.
Holmes &
(1)61,075
113,560
1904.
I
9,944,700
B.607,000
8,e47,000
2,CO0,000
1903.
%
9,94«.700
6,607 500
3,710,000
2,000,000
127.600
lAahilitiet—
pat ents,
. .
172,697
1903.
187.600
£dw.
bonds
Acc'nts and notes
payable
1,183,168
1,161,671
Dividends
Surplus
2,886,271
65,8S1
2,427.167
Total
66 076
26,002,954 26,903,717
lOOO
(The) Brownell Co. (Boilers and Engines), Dayton, Ohio.
(Report for Fiscal Year Ending Dec. 31, 1904.)
The report, signed by President A. H. Kemper and Secretary and Treasurer W. B. George, shows
:
year ending Deo. 31, 1904
$82,769
Applied as follows
Dividend on pref. stock, 6 p.c. (payments quar.. Jan.2, eto.)$33,000
Dlv. on com. stock, 4 p.c. (payments quarterly, Jan. 2, eto). 16,000
31.370
.„
To surplus
2,389
To undivided profits
Net
profits for
$82,759
Total
BALAHOE SHEET DEO.
31, 1904.
Liabilities—
Besoureet—
Cash
Bills receivable
Accounts receivable...
Materials and supplies
Plant and equipment..
$64,905
21,731
63.978
216,579
689.462
Accounts payable
Quar. divs. Jan. 2, 1905
Preferred stock
Common stock
Surplus
Undivided
...14,343,346 14,670,169
p. 476.
American
1906.
LiabiUfies—
$
t
Preferred stock.. .12,500.003 12,500,000
Common stock ...li,500,0i)0 11,600,000
,
Total
—V.
than in 1903, but the foreign buslnet's Increasing over previous years
made the total volume of sales for 1904 greater than for any year
since 1902. The outlook for business for the coming year the directors consider favorable, but they deem it conservative not to
increase the dividend of 2 p. o. on the common stock at this time.
From the gross earnings for the year 1904 liberal deductions have
been made for depreciation in value of raw and finished materials on
hand, maintenance of plants, cost of improvements, etc.
Pbkpatmeht of Notes.— During the year 1904 payment of $550,000
of the 4 per cent gold notes was anticipated and they were
canceled, leaving a balance outstanding of but $400,000. Of this
amount. $200,000 becomes payable on Jan. 1, 1907, and the balance
on Jan. 1, 1 908, the payment of which it is reasonable to expect will
be anticipated before maturity.
DiBKCTOBS.-It is with deep regret that we announce the death of
the Chairman of the board of directors, the Hon. Nortln P. Otis, who
for nearly half a century has been identified with the elevator industry
in this country. We also deplore the sudden death, on March 14, 1905,
of Henry R. Reed, a director [see page 1179].
Gtatiatics. —EaTninga, expenses, charges, etc., have been:
1903.
1.
•
Oti8 Eleyator Company.
Report for Fiscal Year Ending Dec. SI, 1904 J
President W. D, Baldwin eays in substance
Gbnebal Results.—The unsettled oondition of the labor market in
some parts of the country during the past year tended to Interfere
with building operations, and our business in this country was less
1904.
$1,473,852 $1,827,360 $1,301,742
$850,000
$850,000
$850,000
237,665
214,848
222,178
34,894
482,605
124,376
f^
Net earns., after all charges,
repairs and renewals
$891,016
Deduct—
1901.
$1,228,890
72,852
1902.
$1,742,166
85,194
1903.
$1,364,806
109,046
141,367
Interest, etc
Total net Income
$2,214,896
Fixed charges under Cambria Iron Co lease, int.
account and balance sheet follow:
loss
profits
$21,661
12,250
650,000
400,000
64,106
18.639
Total liabilities. ...$1,056,646
Total resources ....$1,066,645
Co.,
York and Cincinnati, are offering
R. Todd
a block of the stock. Compare V. 76, p. 1087,
&
W.
New
The executive committee, consisting of W. N. Caldwell,
G. B. Holbroot, Aaron Bagg Jr.,' James J. Storrow, says:
Gbnebal Rksdlts.— During the first six months business was very
Alabama Consolidated Coal & Iron Co.
(Report for Fiscal Year Ending Oct. SI, 1904.)
satisfactory, but during the second half of the year orders fell off to a
President T. G. Bneh, under date of Dec. 1, 1904, gives the
substantial txtect, neoest-ltatlng at times shutting down a number of
the mlilH and materially alfriotlng the profits for the second half of the folIowiDg facts regarding the operation of the furnaces loyear. At the present time there is an Increasing demand for our cated at Ironaton and Gadsden, Ala., and the coal mines
product. There was charged to mannfacturlng expense during the located at Brookwood, Hf^witt (MlUdale), Searles and Lewisyear for current repairs $S01,253, as compared with $316,214 for the
burg, Ala., together with the ore mines at or near the furnaces
preceding year.
DurlnK the year the trustee of the sinking fund has expended $124,
876 In th>- purchase of bonds and thu Treanurer has bought 200 bonds
of the company. On Jan. 1, 1905, there were in ihB slnhlng fund 543
bonds, wbioli had co«t the comi>aiiy $398,800, and there wer« also In
the treasury 600 bonds which had cost $17ft,*33. The amount of
cash on haiid at the end of the year was $1,359,632 and the accounts
payable amounted to *.'S4,608. The company during thfl year has
continued ihfi policy of dlncountlng all bills for cash. The (inlok assets
on Der.ij 1,1901 (Including at cost the 600 bonds held in the treasury). wfre $5,668,223. as compared with $5,100,099 on Deo. 31, 1903.
CiiAROEU Off.— During the vear it was decided to close up the
Syms & Dudley mill located at Watervlelt, Mioh.. and the Eaton. May
<Sc Robbing mill at Lee, Mass., and transfer the available machinery to
Holyoke. These plants have proved unprofitable, oauHlng a loss this
year of $37,630. Their abandonment, wiih the adjustment of two or
in operation during the year, with the exception
about one month, due to the strike of the coal miners
and several stoppai^es for repairs, etc. There was a material reduction
The furnaces were
of a shut
down
of
In cost of the iron produced.
All the coal mines (except the one at MlUdale) have been in continuous operation barring the shutdown on account of the strike in July
and August last. Our output is in a large measure restricted to company rcqulrpmonts, but we plan to enlarge the output, which can be
done without very great outlay. Thero was a material reduction In
the cost of both ci;al and coke during the past year. The capacity of
our ore mines and rock quarry has been Incr^'awod, so that we not only
have ample supply for company purposes, bat are selling ore and
limestone at aatlffaotory prices. We have constructed one new ore
wafher at Ironaton and completed new coal washers at Seerles and
Lewlsburg.
Mar.
THE CHRONICLE.
25, 1905. J
Capacity.— Last year I etated the capacity of onr company ae follows: (1) Threj farnacea with capacity of 150,000 to 180,( 00 toas of
Iron per annnm; (2) coal mines -with a capacity of eoO.OOO to 650,000
tons per annum; (3) 765 coJie ovens with a capacity of 260,000 to
275,000 tons per annum; ( i) ore mines and limestone quarry with full
capacity for tne needs of the furnaces. Although conditions were not
normal, the operations for the year just closed clearly demonstrate
that this prediction was correct.
Resekve Fuhd.— Ab usual we set aside 25 cents per ton on the Iron
made as a reserve fund for prospective repairs to the furnaces; we
have also the usual royalty on ore and coal mined, and have made a
monthlv charge for depreciation.
FiNAKCKS.— The oiijslDal plan for the exchange of preferred stock for
5 p. c. honds was modified so as to provldefortheexohangeof $l,250,000 (one half) of thepreferred stock lor $1,250,000 5 p. c. bonds, the
stockholders making the exchang*^ being required to subscribe for '^0
p. 0. of their holdings so exchanged In additional bonds at SO cents on
the dollar. One half of the entire preferred stock was exchanged for
the bonds, and the subscriptions ir.ade for the additional bonds— the
proceeds of which were placed In tha treasury. The transaction covering exchange of preferred stock for bonds was not closed before the
end of the fiscal year; hence In the balance sheet attached the capital
stock is phown as heretofore. The amount of bonds shown in the
balance sheet Inciudes the $260,000 5 p. c. bonds which were subscribed and paid for by the stockholders making the exchange of preferred stock for bonds.
Ibon Mabket.— The serious depression in the Iron trade of course
matarially reduced the n«t revenue. Probably at no time in the history of the iron trade In the South has the coat of production and the
The directors
Belling price been more dangerously near together.
thought It wise to continue In operation our furnaces and mines, and
by selling only such Iron as appeared necessary, we accumulated a
large surplua, on which we are now realizing Increased profits, due to
the sharp advance In the market the past sixty or ninety days. The
outlook for the ensuing year Is encouraging. We shall, therefore,
operate our furnaces and mines to their capacity.
The compftrative operations and earnings
years and the balance sheet of Nov.
1901-02.
sales
Coal sales
Store sales
Rents collected
Saw mill
Misoellaneoaa;
Total
$2,729,026
Op. exp., taxes, etc.. 2,536,535
Xet e»Tnlng8
DeductInterest on bonds
Dividends on com
State tax and mlso...
Depreciation
22,874
51,951
$1,910,782
1,743,321
$613,418
$448,944
$167,461
[Included In operating expenses].
8175,000
$172,470
$129,318
(1%)24,980
4,000
98,106
$302,086
$311,332
BALANCE SHEET ROY.
3,982
24,000
4,883
24,000
$200,452
$248,492
$269,979
.def.$97,488
1904.
80,914
8,748
1,932
$2,873,217
2,424,273
$62,029
153,125
DIvld's on pref. (7%).
$158,203
$9,258
1.
1903.
1904.
HablUUes—
Atsets—
$
Proper's, inc .stocks
of coDstit'nt COS.. .4,,717,381 4,'11,831
Oommon
Improvements
1S03.
$
Bonds
722,000
Taxes accrued
10,7C9
.''7,500
Interest on bonds...
.
1 .581,144 1,519,647
"~ 68,-<!14
Materials & supplies
279.9BK
Iron on hand
Merch'dise In stores.
58,768
Accts. & bills recelv. 222,722
Cash
MiBceUaneoas
115,686
47,676
y0,869
67,813
149,XB2
8,236
86,567
stock
Preferred stock
Acc'ts
7,091,559 3.788,144
2,5u0.000 2,&00,OOC
490,000
11,037
pay'e.
32.3.817
46,822
196.1&2
106,874
5*,mo7
593,788
bills
Reserve for royalty.
Real estate sales ...
Profit
ToUl
&
2,B0ii,000 2.500,001
Reserve for repairs.
Depreciation
and
Total.
loss
etc., have been compiled as follows
EARNINGS EXPENSES AND CHARGES.
1904.
30,881
[Subscribers Deo. 31, No.]
Revenues, all sources.. ..$561,062
Op. exp.,constrnc'n, eto. 483,699
$77,363
76,888
NeteariiiDgs
Dividends
(2)
1902.
27,940
$810,043
513,176
$577,677
511,807
Total surplus Die. 31
Miles wires....
df. $11,018
$38,165
1,584
def. $7,458
$87,691
,711
$73,045
1,C52
1,552
85
27,940
1,548
85
30.831
29,143
BALANCE SHEET DEC. 31.
Instruments
1904.
1903.
%
%
franch., etc... 4,069,341 4,052,997
Plant,
Asiets—
Stocks & bonds of
cos. not merged... *207,540
34,-65
Supplies
67,317
21S
2,390
2,899
17.144
accts. rec'le.
Adv nces
Due fr m managers.
Due from agents....
Cash in treasury....
Total assets
207.F40
34.2'4
68,884
90
7,689
1,2'4
21,778
4,401,714 4.384,397
$924,193
535,544
$19,981
78.730
93,709
87
Offices
1901.
$65,870
$96,867
$88,649
(2)76,888 (2)76,886(2111)96,107
475
87,690
Balance, surplus.
Previous surplus
Sundry
1903.
29,143
:
80,503
86
27,905
1904.
Sundry
(
..3,814,700 3.814,700
accounts
pavable
Contingent
26,671
27,239
9,796
520,347
8,830
603,628
liabili-
ties
Profltacdloss
Total
1903.
(
Hahilities—
Capital stock.
liabilities.. 4,401,714 4,884,397
Includes 1.760 shares stock Holmes Elec, Protec. Co., $175,000; 65 shares
stock Am. DIst Tel. Co., $6,500; 170-4 shares stock Am. Dlst. Tel. Co. Of N. J..
*
$17,040; 10 collateral trust
Compare report
—V.
of
bonds Western Onion Tel.
New
Co., $10,000.
Jersey corporation in V, 80, p. 648,
80, p. 474.
:
$3,180,332
2,566,914
$192,491
The earnings,
Mexican National Construction Co.
(Report for Fiscal Year Ending Dec. 31, IdOJf.J
President Wm. J. Palmer, under date of March 8, 1905,
$981,367
313,418 says in substance
323,620
Stock, Etc.—The capital stock (as reduced from $100 per share
250,798 Jane 25, 1901.) is $800,003, in 10,000 shares of oommon and 70,000
91,198,071
569,826
502,156
403,802
50,640
Coke
Increaeing. This Increase and the improvements made In the plant
leave us In a good poiltion to take care of any Icoreaied business.
311,415
123,237
$1,337,451 $1,861,608
591,196
720,560
568,654
483,046
474,491
379,340
50,922
39,753
16.416
897
13,863
11,848
3,634
4,411
Iron sales
BnrpluB
1900-01.
90.817
103,319
475,166
200,597
107,286
518,623
217,803
135.610
630,106
234,096
Coke output (tons)...
Earnings from —
for the last four
follow:
1902-08.
1903-04.
Operations—
Iron output (tons)....
Coal output (tons)....
1
1173
327.477
2H,790
59,752
74,237
54,678
691,275
7.091,659 6.738,114
Boissevain & Co., in a circular addressed to the shareholders on Jan. 27, 1905, summarized as follows the results obtained under Mr. Bush's management since incorporation
OUTSTANDING CAPITALIZATION AS RBCBNTLY MODIFIED (866 abOVC).
First mortgage 6 p. o. bonds, due 1911 (V. 77, p. 1534)
$472,000
First coneol.mort. 5 p. o. bonds, due 1933 (V. 79, p. 105).. 1,500,000
shares of preferred stock— par value $10 per share. Dividend scrip
outstanding Deo. 31, 1904, $182,197 59, will share with the preferred
stock In any dif trlbution on same basis as heretofore; that Is, it will
receive an equal percentage with the stock reckoned on the old par
value ot the latter, or one-tenth of the percentage received by the
preferred st^ok on its reduced par.
LIQUIDATION.— Since the expiration of the company's oonoesBlon for
further construction, the purpo<;e of the management has been to
convert the property into cash as rapidly as could be done without
too great sacriflco, and distribute the proceeds. Daring the year Jast
past a cash distribution of $215,469 86 was ordered, payable Nov. 1,
upon the production of the certificates for stamping, being $3 per
share upon the pref. stock, and a corresponding S p. o upon the dividend scrip, and making, with the previous distribution of Aug. 1,
1901, total payments of $20 per share upon the pref. stock aud 20
0. 0. upon the dividend scrip. The amount of this uncalled for Deo.
81, 1904, was $16,655, the cash to meet which Is on hand. The company has BO other debt.
Pbopebtt.—The company's property now consists of the following:
(1) $168,000 in four notes, maturing annually June 1, 1905 to 1908,
secured upon real estate Iq Mexico sold in 1<103; (2) $140,000 In other
securities of an estimated value of $130,000, besides some land and
ferry interests of minor value; (3) 89 miles ot railroad, with rolling
stock, machinery, materials and supplies, exteading from Zicateoaa
to Ojo Oallente. 30 miles (whereof only 15 miles, Zioateoas to Tranooso, are now operated; traffl j was suspended on tue remainder July
2tf, 19<0), and from Mar,zj,nlllo on the Paoitto Cjast to the city of
Oollma, 59 miles. Both roads are free from any mortgage, lien or
debt.
The operations of the railroads during the year 190i compare with previous years as below (all in Mexican currency)
^OolimaBivision, 59 miles.—. ^Zaeatecas Dip., 15 »t.-^
1304.
1903.
1902.
190t.
1903.
1902.
Gross earning8.$142,151 $124,662 $121,586 $20,972 $20,392 $22,888
Operat. expens. 80,520
18,427 19,808 22,592
79,008
80,802
:
Preferred 7 p. o. cumulative stock
1,250,000
stock
2.500,000
ATBEAQB EABNINOS FOB 5 TEAKS - PRESENT CHAROBS.
Average net profits for the five years ending Oct. 31, 1904,
after deducting all expenses for operation, repairs, taxes,
etc.. amounted to
330,770
,
Deduct— Present fixed charges (Interest and sinking fund)..
113,500
Dividend, 7 p o. on $1,250,000 preferred stock
87,500
Net earnings. $61,631 $45,5%3 $40,734
—V. 79, p.
should occur, there is good reason to believe that the results for the
current year will again approach that figure. The company lias paid
in dividends during the five years $90u,000, and for eaoh dollar so
distributed one dollar has been applied from the net profits to improve the properties. The "improvements made since organization'
aggregate $1,681,143, on account of which there have been issued
$490,000 6 p. first mortgage bonds and $250,000 of 5 p.o. first consolidated mortgage bonds, which have a Hen on all the properties. We
consider the first conaolidatftd mortgage bonds a sound Investment
security,"— V. 80, p. 873. 653.
American District Telegraph Co., New York City.
(Report for Fiscal Year Ending Dec 31, 190^.)
:
,
$295
RAILROADS, INCLUDING STREET ROADS.
Albany & Sasquehanna RK.— Refunding Bonis -PreOption.—The shareholders will vote April 7 (1)
on making a mortgage upon the property and franchises to
secure an issue of |10,000,0L0 Z^ per cent 40-vear gold mortgage bonds, bearing, interest from April 1, 1903, the payment
of the principal and interest to be guaranteed by the Delaware & Hudson Co., and the bonds to be deliVvsred to that
company for the redemption of the $10,000,000 first consolidated mortgage 6 p. o. and 7 p. c, bonds of this company
maturing April 1, 1906; (2) the authorizing of an increase of
ferred Stock
the capital stock in the amount of |10,000,000, consisting
of 4 p. c. preferred stoak, preferred both as to principal and
(dividends (*;h« payment of the latter to be guaranteed by the
Hadson Co.), and the use thereof at par in retirDelaware
ing an equal amount at par of the said new bonds upon the
surrender of the same by the Delaware
Hudson Co. for
Hudson Co. so elect, the
cancellation; or, if the Delaware
issue of said stock at par in the first instance in lieu of such
new bonds for the redemption of the said outstanding bonds;
provided, that under no circnmstanceB shall the aggregate
amount of the stock and bonds of the company outstanding
at any time exceed the present amount of 1 13, 500, CO 3 at par,
-V.75, p. 1147.
&
&
President Robert C. dowry says
The unfavorable local businesis conditions noted in the la?t report
continued almost throughout the year. The total r.joeipt8 decreased
$16,61.'>. This decrease, however, was more than ofi'set by a reduocion
oper:itiQg aud other expenses, and an Increase of
2, ,* ,?i\^^ ^^
$11,495 in net earnings. The work o! Inatalling new^ boxes, eto was
continued, but at a decreased rd,te, as* the large expenditures the two
preceding years made possible. At ths close of the year a total of
15,457 new boxes had been Installed, and other improvements correspondingly advanced. The expenrtitares on this accoant, and for
wiring new buildings and reaching additional subscribers, etc., classed
aa "ooLstruotlon," aggregated $15,8vl9, and that amount ie included
in the expenses of thy year. The number of subscribers is steadily
$383
GENERAL INVESTMENT NEWS.
Common
Average balance (equal to 5 p. o. on $2,500,000 com. stock) $129,770
"Under favorable trade oondltions, such as prevailed In 1903, the
net profits have amounted to $609,418. Unless something unforeseen
$2,515
1967.
&
Atlantic & Blrmiagham Rj.—Enlarq'ment— Proposed
Extensions.— For the enlargement of this oomoany and the
its line from Montezuma, Gi,, to Birmingham,
241 miles, with branch therefrom to Atlanta, application has been made for the incorporation of the Atlanta
exceneion of
Ala
,.
J
I
THE CHRONICLE.
74
& Atlantic Ry. Co The extension will be bnilt,
bv the Atlantic & Birmingham Constrnotion
Ck),,o»pUal $3,000,000, which already has the work under
way. The "Mannfactnrere' Record" eaye:
Birmingham
it is
fitated,
It 18 paid that thoB« behind the plan are Oapt. W. G. Raoul, Presiaent
Blrnjlngham Railway; H. M. Atkinson of Atlanta.
of the Atlantic
Gordon Abbott of Boston, Percy R. Pyne of New York and George
Dolft Wadl«*y of Waycrons, Q»., who are all dlreotora In the load. In
Inman of Atlanta and T. JeflerBon OooUdge Jr.
addition to these, 8.
of Boston are named as being aasootated with the projeot.
&
M
B. F. Yoflkujn, chairman of the executive committee of
thf St, Louis
San Francisco RR., is understood to be
"ehirirg a portion of the underwriting taken by T. JeflEerson
Coolidgfi Jr., who is said to have taken one-third of the
$3,C01,00T of underwritiDg," I^ is denied that the Frisco
&
itself is interested.
-V.
80, p. 115, 710.
Atlantic toast Line BR.— A^ew Oeneral Manager.— W. N,
Royall, Manager of the first division, will, it is announced,
become on April 1 General Manager of the system, succeeding John R Kenley, who resigns but remains as Fourth
Vice-President.
Listed.— The
New York
Stock Exchange has listed $5,295,-
OOO additional first consolidated mortgage 4 p. c. bonds of
1952, making the total listed 142,139,000. OE the additional
amount $4,406,000 was for refunding and $889,000 represents:
Acquisition of real property, $10,000; construotioti of Cohn
Extension (near Climax, Qa.), lOJ^ miles, $70,000 construction of Fort Myers Extension (Florida), 28 miles, $309,000
new rolling stock, |50i 000.
J£arnings.~FoT the 6 moe. ending Dec. 81, earnings were
;
;
Gross.
Net.
Olh.inc. Charges. Divs.{2h%). Bal.sur.
6mos.
9
$
$
$
1904..10,M0,665 3,774,167 1,161,136 2,818,828
$
959,417
$
1,167,058
^
1P03.. 9,677,108 3,509,695
—V. 80, p. 1058. 161.
Baltimore & Ohio ER.— Bond*.— The company hag requested the New Ycrk Stock Exchange to list $2,347,000 additional Pittsburgh Lake Erie & West Virginia system refund
ing mortgage 4 p. c. bonds of 1941, making the total listed
$29,847,000.— V. 80, p. 995, 599.
Beecii Creek Extension H^.—Leaseand Merger.— Bee N^w
York Central & Hudson River RR. below.—V. 78, p. 1356.
Boca & Loyalton HR,— Reported Sale. The control of this
property is reported to have been sold to the Western Pacific
—
V
[Vol. lxxx.
state whether it would accept the provisions of the
tentative ordinance suggested by him in August last (V. 79,
p. 782) If approved by the people and passed by the Council,
of which there appeared at one time to be a fair prospect.
The Mayor thinks that the recent acquisition of control by
the Chicago Union Traction Interests mllltatos against a settlement, at least for the present.—V. 80, p. 649, 699.
pany to
Cleveland Lorain & Wheeling Rj,— Improvements,—Ihe
"Railroad Gazette" of March 17 contains an illustrated
article regarding the extensive icnprovements which the Baltimore & Ohio has j ast completed on this company's line.
The new work practically Involved the rebuilding of the
southern portion of the road, straightening the line, reducing
grades and changing from single to double track. Total cost
about $4,000,000.— V. 80, p, 1058.
Colorado & Sontheru Ry.— Lw^ei.- The New York Stock
Exchange has authorized the listing on April 3 of the $8,500,000 firbt preferred stock, $S,500,000 second preferred etaok
and $31,000,000 common stock.
Earnings.— For the 6 monthe ending Dec.
6 mos,—
Net
Oross.
1904
1903
$3,203,890
3,273,493
-V. 80,p. 1111,660.
0th. income.
$930,146
927,280
$9,842
11,272
81 earnings were:
Bal sur.
Charges.
,
$397,840
403,275
$542,148
635,277
Colambns Loudon & Springfield (Electrie) Ry.— ficorganization Committee. W, B. McKinley of Champaign, 111.,
A. E. Locke of Boston and O. T. Martin of Chicago are acting as reorganization committee for this company and the
Da,yton Springfield & Urbana. The depositary is the Union
Trust Co. of Cincinnati.— V. 80, p. 117.
Savings
Dayton Springfield & Urbana ElectrlclRy. ReorganizaSpringfield Ry.
tion Committee, See Columbusj London
above.— V. 80, p. 232.
Delaware & Hadson Co.— Guaranteed Bonds, Etc.— See
Albany & Susquehanna RR. above.
Rpport.—See page 1170 —V. 79, p. 2795.
—
&
—
&
Des Moines & Fort Dodge RH.-Listed,— The
New York
Stock Exchange has listed the $3,072,000 first mortgage guaranteed bonds of 1935, Compare V. 79, p. 1704, 2696.
Sale of Sp. c. JBonds.— A press
Grand Trunk Pacific
dispatch from Montreal states that the first block of 3 p. c.
bonds, guaranteed by the Dominion Government, has been
s:>ld at 95.
See description of these bonds, etc., in V. 89,
Rj—
Railway Co.—
76, p. 1191.
Brooblfn Rapid Transit Co.— New Referee Appointed.
Great Northern Ry. —Bond.s SfcZl.— Clark, DDdge & Co.
Justice Gaynor In the Supreme Court in Brooklvn on March
and the First National Bank, both of this city, offered thii
9 appointed former Jastice D C idy Herrick of New York as
week, at 104J^ and interest, £1,000,000 St. Paul Minneapolis &
referee in the action brought in March, 1900, by the Brooklyn
Manitoba Railway Pj,cifie Extension 4 p. c. gold bonds, due
H>^ights RR. against the Brooklyn City RR. to recover about
July 1, 1940, principal and interest assumed by the Great
$2,000,000 which the Heights Company claims to be due it
Northern Ry. Co.; limited to $30,000 pw mile of main traok
on account of expenditures made for improvements. V. 80,
in Montana and $35,003 In Idaho and Washington. Author599,
856,
—
—
849,
p.
Buffalo Bradford
& Kaue RR.— New Control— Oa
Jan. 1,
1905, the control of this company, whose line extends from
Bradport to Smethport, Pa 26 miles, was acquired by S. 8.
Bullls, of Vickaburg, Miss., and on Jan. 10 a new board of
directors was organized and the following oflBcers were
elected: W. W. Bell, President; S. S, Ballls, First VicePresident;
P. BuUlB, Second Vice-President; R, 8. Bullls,
Secretary and Treasurer. Qaneral offices at Bradford, Pa.
Capital stock, $30'),000, all issue! ; no mortgage or dabts of
any kind. An officer writes
The Klnzna & Big Level RR., a line 10 miles lonsr, extending from
a connection with this railroad to Ormsby Station, has been boaght
by ns and the two will be consolidated in the near future. This latter
railroad extends across the B R. & P. RR. and tbe Erie RR. at Mount
Jewett to a connection with the Baltimore & Otilo RR. at a point soath
of Mt. Jewett, 12 miles distant from Kane. The B. B. & K. RR. Is
operating under lease from the B. & O. RR. this 12 miles of track and
Is rnnnlng through trains to Bradford and Kane. Tbe Klnzua & Big
L«vel RR. has outstanding $50,000 bonds, which we have purchased
,
Q
with the stock.— V. 78,
p. 101.
—
Canadian Northern R^.— Offering, A press dispatch from
London, England, announces an offering at 95 of £1,923,287
of 8 per cent debenture stock, redeemable in 1953. Compare
V 76, p. 1299.-V. 80, p. 996, 710.
ized issue, £6,000,000 ; outstanding, Including present issue,
£4,003,000, The subscription books were closed at 11 o'clock
on March 22, all the bonds having been sold. See further
particulars In advertisement, which Is given for record on
another page of to-day's Chronicle ; also see announcement regarding these bon^ls in last weed's Chronicle, p. 1111.
Listei,— The aforesaid £ t,0 )0,000 Pacific Extension bonds
Manitoba Ry. Co. were listed
of the St. Paul Minneapolis
York Stock Exchange.— V. 80, p. 1111.
this week on the
New
&
Kansas City Southern Ry.—Termination of Voting TrustExchange of Certiflcites.— Formal notice is given by advertisement that the voting trust will expire by limitation on
April 2. and that on and after April 3 the voting trust car*
tificates will be exchanged for certificates of capital stock at
the Mercantile Trust Co., 120 Broadway. See advertisement
on another page. The New York Stock Exchange has authorized the listing on April 8 of the certificates of stock
which will replace the voting trust certificates.
Earnings. For the 6 mos. ending Deo. 31, earnings were
Bal.. sur.
Charges.
Net.
0th. income.
6»M>».— Orots.
$588,564
$553,901
$1,093,468
$48,997
1904. ...$3,375,498
—
:
1903.... 3,286,311
— V. 80, p. 997,651.
LouiSTllle
&
Eastern (Electric)
RR.— Listed in
Cincin-
Canadian Paciflc Ry.— Z:<i«««i.— The New York Stock
The Cincinnati Stock Exchange has listed the $350,000
Exchange hag authorized the listing of $16,900,000 additional YMti.— bonds of the Louisville Anchorage & Pewee Valley
5 p. c.
ordinary capital stock from time to time after April 3, on
Electric Ry. Co.—V. 76, p. 288.
notice of issue and payment In full, making a total authorLouiSTille & Nashville RR.— Call id Bonds.— The XJa\on
ized of $101,400,000. (Compare V. 79, p. 1641, 2146,) -V. 80,
Trust Co. will pay at par on Sept. 1 next $65,000 Cecilia
p. 996, 710.
Capital Traction, Washington, D. C. Dividend Increased,
A quarterly dividend of \\4, P^^ ^6°* ^^^ heen declared,
payable April 1, Increasing thy r^.te of distribution from 5 per
cent to 6 per cent per annum,— V. 80, p. 471.
Chicago City Rj.— Ordinance Repealed, The Chicago City
Council on March 20 repealed the ordinance ex'^ending the
general franchise, which was renewed Feb. 23, (-^ee V. 78,
Corporation Counsel Tolman at once filed suit
p. 1167)
against the company before Jadge Mack in the State Court
to ascertain the rights of the city and company under existing legislative Aots. A summons was signed directing the
company to answer at the April term Toe repaalin..? ordinarice, it is stated, directs the city officials not to interfere
with tbe company in the operation of its cars.
The pnrpose of the suit, the city offi;5lal8 say, is to test expeditiously the validity of the 99 year Act In the S^ate coarts,
where It is thought the city stands a better chance than in
the United States Supreme Court of having the Act of 1865
declared invalid. Mayor Hirrlson in hie message urging the
steps taken, gives as hie chief reason the refusal of the com-
—
—
drawn for the sinking fnnd.
Qoneral mortgage bonds to the amount of $354,003, drawn
for tbe sinking fund, will be paid on Jane 1, 1905, at the office
of the company. No. 71 Broadway, The numbers of the
bonds are given in an advertisement on another pag?.—V. 80,
br*t5ch bonds of 1877.
p,
872, 472.
HadiHon (Wis.) Traction Co.— So7d— The control of this
property is reported to have been purchased by F. Warren
Montgomery of New York.— V. 79, p. 501.
Mexican Central Ry— Equipment Bonds Called.— Equipment and collateral 5 per cent gold bonds, second series, to
amount of $50,Ono, will be paid at par and Interest at either
the Manhattan Trust Co.,
t.hif? Old Colony Trust Co., Boston;
York, or Glyn, Mills, Carrie & Co., 67 Lombard St.,
E, C, on or after April 1, 1905.— V. 80, p. 220, 163.
New Jersey Terminal Co.—Incorporated.- This company
was Incorporated in New Jersey on Nov. 11 with $2,600,000
of authorized capital stock. Its New Jersey representative
being the Corporation Trust Co. Wallach & Cook are Interested in the enterprise, which is said to be an off -shoot of the
New
Dndon,
Mae.
THE CHRONICLE.
25, 1905.
Tidewater Terminal Co. The last -named company was incorporated in New Jersey on Oct. 31 with $l,000,COO of authorized capital stock, bat no information regarding its plans has
been given out. The New Jersey Terminal Co. has no connection with the New Jersey Terminal Ry. Co. See V. 76, p.
Wise & Liohtenstein were counsel for the Tidewater
1144.
Terminal Co.
New Orleans Railwaya.—-^sseaawcnf.— The reorganization
plan having been declared oparative, the committee has
called for payment on April 1 50 p. c. of the assessments,
which are $20 a share on the preferred stock and |10 on the
common. The other 50 p. c. is to be paid on May 1. See
plan, V. 80, p. 651, and compare V. 80, p. 1111.
New York Central & fladson River RR.— Merger and
Lease of Subsidiary Line.— The shareholders will vote Apr.19
on approving a contract for the use and lease of the railroads
of the Beech Creek Extension RR. Co., the Curwensville &
Bower RR. Co., the Pittsburgh & Eastern RR Co. and the
Clearfield Southern RR. Co. (the said four companies to be
consolidated and me'-ged into a new corporation to be known
as the Beech Creek Extension RR, Co.) for the term of 999
years from June 1, 1905, and the substitution of such contract
for the existing contracts for the use and lease of the same
railroads (compare V. 79, p. 1335).
^uarterZy,— Earnings for the quarter ending March 81
(partly estimated In 1905) were
1175
Rio de Janeiro Tramway Light & Power C<t.—New
a concession which gives it
Company.— This company has
tbe txcluslve right to transmit to Rio de Janeiro electricity
developed from water power, for street railway, Industrial
and lighting purposes. The company has an aitborized
capitalization of $25,010,000 In st^ck and an equal amount of
Among those Identified with tbe profive per cent bonds.
ject are William L. Bull, F. 8 Pearoion, Pdrciiral Farquhar,
of New York; Sir William C Vai Home, Montreal; Wiiliam
Mackenzie, E, R. Wood and Z, A. Lash, of Toronto.
& Mexico Ry.—Bonc/s.— Bonds to
of $1,059,000 have been registered unler the
Texas laws, having been issued on the 141 mileH of road beSt.
the
Louis Browsville
amount
tween Robstown and Brownsville.— V. 80, p. 872, 652.
Texas & Pacific Ry.— Listed —The New Y. rk Stock Exchange has listed $3,766,000 a'iditional first mortgage 5 p. c.
bonds of 2000 [issued to refund the Easteru Division 6s
March 1], making the total listed $35,000,000, the total
amount authorized under the mortecage.
Report.— See page 1170 of to-day's Chronicle —V. 80, p.
paid
1108, 1059.
Tidewater Railvraj.- Extension— Contract8,—This company has advertised for bids for ooDstructlon of ICO miles
of road from Sewells Point, near Norfolk, Va., toward
the West Virginia State line, where connection will be made
with the Daepwater Railway (see V. 78, p. 1961), Together
Net
Other
Interest,
Gross
Balance the roads will form a coal line from the West Virginia coal
8 mot. end'g
earnings.
income.
taxes, efe.
March 31— earnings.
for divs. fields to Chesapeake Bay.
The Mayor of Norfolk hag ap$18,450,000 $4,682,V00 $1,546,300 $5,535,900 $693,300
1906
:
1904
17,231,453
4,129,398
1,776,733
5.223,834
682,297
Dividends of 1}4 P c. qnarterly oall for $1,653,100, leaving
balance, deficit, ot $959,800 in 1905, against $970,828 in 1904.
V.
80, p. 1113, 600.
New York City laterborongh (Electric) Rj.— Increase of
Stock —Bonds.—Ttie State R-iUroad Commission has approved
the propobition of the company to Increase its capital stock
from 1400,000 to $5 000,000, and to make a mortgage for $5,COljOOO; also to operate its proposed lines with overhead
trolley.
See V, 80, p. 1059, 117.
New York- Philadelphia Co.— Oncers.— The following officers are announced
Nbw Tobk-Philadelphia Co.—W. A. Stern, President; A. N. Chandler, Vlce-Prealdent; W. E. Harrington, Vice President
I. H. Silverman, Treaenrer; J. Dixon Andrews, Secretary.
Camden & Tkbnton Rt. Co.—W. A. Stem. Pr'esldent; I. H. Silverman, Treadnrer; W. E Harrington, Gen. Man.; A. W. From, Sao
;
Nbw Brunswick RR —I. H. Silverman, President ; A.
Chandler, Vice-President
W. E. Harrington, General Manager
A, Stern, Treasurer; A. W. From, Secretary.
Tbbnton &
S.
;
W.
The executive offijes
Compare
Philadelphia.
;
are at No. 605 Land Title Balldiag.
V. 80, p. 712, 168.
Nlagrara Transfer Rj,— Right to Construct Denied.— The
Appellate Division for the Third Department at Albany, on
March 9, canceled the certificate of necessity granted some
time since by the Railroad Commission for the construction
of the company's proposed road between Buffalo and Tonawanda, as described in V. 79, p. 158 The New York Central & Hadson River RR. opposed the appliof^tion on the
ground that the new road was not required and the Central
was willing to construct spurs and swirches into any part of
the territory the new company intended to serve. An appeal,
it Is stated, will be taken tothedurt of Appeals.— V. 79,
p. 153.
proved the ordinance appropriating $95,000 to purchase the
right of way, 13 miles long, which the city will give the
Tidewater Railway to reach its proposed terminals at Sewells
Point.-V. 79, p. 787.
Tidewater Terminal Co., New Jersey.— See New Jersey
Terminal Co. above.
Twin City Rapid Transit Co.— Settlement with City of St.
Paul.— M.a,yoT Smith signed on March 6 the resolution passed
by the City Council of St. Paul on March 1 defiolng the
terms on which the city relinquishes the right of appeal from
Judge
Loehren'fl decision (V. 79, p. 2087) and fixing the relations of the city with the company for the next thirty -four
years, that is until early in 1939.
Under the terms of
the settlement the company agrees to build various extensions and to make sundry improvements within a specified
time; also to rellnguish its right to build new lines without
consent of the City Council except extensions of existing
lines.
This last-named provision is to be effective only so
long as the Council refrains from granting rights in the
streets to competing companies.
The St. Paul "Pioneer
Press" says:
The company will pay into the city treasury as a gross earnlnga tax
the dlffc^renoe between its general taxes, exclusive ot such taxes and
charges as are now provided by ordinance, and 6 p. o. on Its groBS
earnings, the first payment to be made March 1, 1907, for the year
1906; also on or before July 1, 1905, $30,000— to be used either toward
a new pavilion at Como Park or for widening Sibley Street below
Third. In case the company falls to comply with all terms of the
agreement within three years the city will have the right to have
Judge Lochren'd decree vacated, giving the city the right of appeal.
Compare V. 79, p. 2087.
22cporf.—The results for the year ending Dae. 31 were
Tear—
Gross.
Net.
Int. <£ taxes. Dividends. Bal., sur.
1904
$4,309,081 $2,144,777
$906,196 $1,0S5,»50 $203,031
1903
4,063,938
419,297
2,185.888
731,041
1,0S5,&60
Dividends include 7 p. c. ($210,000) on the preferred and
5 p. c. ($825,550) on the common stock yearly.- V. 80, p. 652.
:
Norfolk & Western Ry.— L'4«ed.—The New York Stock
Exchange has listed $3,000,090 additional 4 p. c. divisional
Urbana Bellefontaine & Northern (Electric) Rj.— Refirst Hen and general mort. bonds of 1944, making the total
ceivership.- At Cincinnati on Monday the United States
$8,0C.0,G00.
These bonds were placed by Brown Bros. & Co.
Court, on application ."of the New York Security & Trust Co,,
8TATBMENT OF ISSUANCE OF $8,000,000 DIVWIONAL FIB8T LIEN AND mortgage trustee, appointed Judge Schmidlapp of Cincinnati
OEHBRAL MOBTGAOB 4 PEB OBNT BONDS.
and Myron H. Wilson of Cleveland as receivers of the propFor Cincinnati
Division,
Shops, depots and otBee bldgs 1119 ,708
erty, Interest on the $503,000 bonds being In default.— V. 78,
Portsmouth to Cincln., 0..$J,55\224 Second track
V97,i'''^
between Naugatuck and Kenova, W.Va. 8,297,P30
laeeer & Soutbera Ry
104.087
Other branches & extensions 5^ie,63S
Iiow-ffradfiline
—V. 80,
Yards and sidings
278, "593
Improvements to roadway
and tracks
63,942
Replacing and
33,li,3
fllllng bridges.
p. 1059. 9i*8.
Omaha & Conncil Blaffj Street Ry. Listed in Cincinnati .—This company'ct stock has been listed on the Cincin
natl Stock Eichang«, being placed temporarily in the unlisted department p-^ndlng the establishment of a transfer
office In that city.— V. 79, p. 2088.
Oregon Short Line ER,— Engraved Bonds Riady.— The
p. c, refunding gold bonds due 1929 are now bsing
engraved 4
issued In place of the temporary certificates at the office of
the Treasurer, No, 120 Broadway.—V. 80, p. 473, 233,
Pennsylvania Cominny.— List-^d.—Tae New Y )rk Stock
Eschange has listed |5,00^,00') forty-vear guaranteed 3>^
p. c. Series C trust certificates and $10,0^0,000 fortv-year
Serlei D trust certlficafes, both lots guaranteed bv thePann-
RR. Co. See V. 79, p. 2457.— V 80, p. 1113, 223.
Phiiade'-phia Rap?d Transit Co.— iVeujD.r^cfor.— Henry
W, Phipps bag been elec'^^ed a director to succeed Michael
sylvania
Murphy, resigned.- V.
8), p. 1059, 872.
PittebuTgh Cincinnati <;hlcago& St.Lonfs Kj.—L^'sted.-
The Naw York Stock
Etchtin2;o has listed |9, 000,000 consolidated mortgage guarauteed 4 p. c. bonde, series F of 1953,
(See V. 79, p. 1267 ) Tnese bonds were iesued as follows:
To provide for the payment of the following underlvlnj? bonrta:
First and 2nd mort. 7 per Oftnt bonds of the Oolnmbns & lodunapolls
Ot»Dtral Ry. C)., matured Nov. 1. 1904, «?,. 996,000; flrat mort. 7 p. o
bonds of Union & Logansport RR Co., maturing Dec 1, 190S. $715,000,
and others of eame Issues which have heretofore been parotia?ed ana
canceled. Also to provide for payment of betterments and improvements to property.—V. 79, p. 2797.
p. 1551.
Yandalia RR.— Listed.—The New York Stock Exchange
has listed the $14,649,500 capital stock. Compare V. 79, p.
2148.-V. 80, p. 1113,
Wabash RR.—fl^dZiers of Debenture " B" Bonds Seek Adjiistment.— For several months past the holders of a considerable amount of the $26,500,000 debenture ''B" bonds have
been seeking either the payment of Interest on their holdings
or some adjastment by which new securities should be Issued
In exchange therefor, their claim being that the earnings of
the property have been and are being diverted from Interest
payments (no Interest having ever been made on the "B"
bonds) to improvements. Tbe committee having the matter
in charge and which represents from $5,000,000 to $7,000,000
of the issue (although no public call for deposits has yet been
made), consists of tiie following:
Hpnry K. Evans, President of the Continental Fire Insurance Co.;
H. K. Pomroy, President of the Stock Exchange, and George M.
Unmmlng, Vice-President of the United States Mortgage & Trust Co.
The eommittee la In favor of a settlement without litigation, but the tentative proposition reselved from the company's counsel on March 6 being un3atl8faotory, a formal demand has been made on the Mercantile Trust Co., the mortgage trustep, for an accounting of the earnings of the property. Mr. Ev.^ns says that inasmuch as the earnings of the
road were sufficient to oover the 6 p. c. due to the debenture
"B's," he should oppose any offer of exchange that did not
give to them the equivalent of 110 In vaiue.
The plan suggested by the company's counsel would call
for the making of a new issue of $80,030,000 of 50-yeir gold
bonds, secured oy mortgage on the entire system. Including
THE CHRONICLE.
1176
future additions acquired with their proceeds; also the Chi
per share.
[Vol. lxxx.
Djpngitary. Kaickerbocker Trust Co,, No. 68
cago— Detroit, Buffalo, Djs Moines and O naha divisions, Broadway, New York City. See plan, V. 80, p. 601, 999.
which are not covered by the present debenture issue. Of
American Iron & Steel Mannfactaring Co.—First Divithe new bonds, $3,503,C0], bearing 4 p. c. interest and having dend on Reauced Common. — The first dividend on the repreference as to both principal and interest, would be issuable only in exchange for the present debenture "A" bonds.
The remaining $56,500,000 of the new bonds would bear 2
p. c, interest annually for 2 yeare, then 3 p. c. for 3 years,
and thereafter 4 p. c; $23,500,000 thereof would be exchanged, $ for I, for the existing "B" bonds. Tae balance,
$30,000,OCO would be set aside for use from tim's to time as
r quired for double-tracking, acquiring additional terminals
or otherwise bettering the property. Compare V. 78, p. 1963,
2601.— V. 80, p. 473.
common stock, announced last week, is $1 a share, or 2
payable April 1.— V. 80, p. 1113,
American Light & Traction Co.— Report.— The results for
the calendar year were
Cal.
Other
Total
IHvidends
Preferred
Common
Balance,
duced
c
p.
,
:
Vtar— received.
income, expenses,
dividends.
diii-lends.
surplus.
1904.$1,007,001 $144,503 $18,993 (8)$')63,814 (2>4)$105,318 $163,379
1903.
970,479 110,371 30,539 (6)653,060
497,251
— V.
80, p. 713.
American Monorail Co.— 5<afws.— At a meeting held Jan.
26 at the office of
L Upshur, 41 Wall Sorett. President
Washington AlexaEdria &Mt. Veraon Kj.— Re funding.— Thomas C. Powell G. removed from office. EL,
was
Tunis Is
The company has canceled its former bonded debt and made VJce-Presiden'
J, Colemiu Drayton, Treasurer, and J. P.
new first mortgage to secure |2, 500,000 of 5 p. o. gold bonds
;
a
of $1,000 each, dated Mir. 1, 1905, and due Sept. 1, 1955, but
subject to call at 110 and interest on any interest day upon
three months' notice: Interest payable Sept. 1 and Mar. 1 at
cffiee of R^al Estate Trust Co. cf Philadelphia, trustee. Of the
new bonds, |l, 500,000 immediately available have been sold
Co. of Philadelphia and $1,000,000 are reto Graham
served in the treasury for future acquisition, betterments,
The capital stocfe Is |1, 500,000,
etc., at 80 p. c. of actual cost.
par, $100 per share. The officers and directors are:
Officers— Clarence P. King, President; Henry H. Pearson Jr., VicePresident; FranK K. Hippie. Secretary; John W. Plttook, Treasurer;
&
Horace A. Swartz, Aeslstant Treasurer.
Directors - John Oassela and Frederick Mertens of Washington, D.O
8. Wynne Ffonlke", Howard S Graham, Frank K. Hippie, Oiarence P.
King and Henry H. Pearson Jr., Philadelphia, Pa.
Tne present issue of bonds provides for extensive improvements and necessary enlargements; it being immediately
necessary to double-track the line from Washington to Alexandria, which work has been commenced and will be rapidly
pushed to completion. Additional equipment has also been
ordered, part of which will be delivered April 1, the balance
during the month of May. The new station and offices in
Washington, adjacent to the Post Office at 12th St. and
Pennsylvania Ave., are almost ready for occupancy, the
company expecting to operate its cars to the new terminal
in Arril. Also, upon the completion of the new highway
bridge now being constructed by the District of Columbia
over the Potomac River, between Washington and Virginia,
the company will locate its doable-track line thereon.— V. 77,
;
p. 402.
Waghington Railway & Electric Co.— Report,—The
results
for the calendar year were:
Year—
Gross.
Vei.
Olh.inc.
Taxes.
Interest.
Bal.,sur.
Williams, Secretary.
The company was organized
in March, 1903, under the laws of
South Dakota, with $25,000,000 stock, of which $2,500,000 la In the
treasury; par of shares, $10. Of the outstanding stock (mostly issued
for parents of Howard A. TanlH), a ma) )rlty was pooled with the
American Monorail Co. of Baltimore, a holding company, organlzad
with $100,000 capital stock under the laws of Maryland; trustees, J.
Coleman Drayton, New York, and Henry W. Williams and Howard H.
Tunis, of Baltimore. It Is or has been proposed to build a slngle-rakll
railroad between Washington and Baltimore under tha charter of the
Baltimore & Washington Transit Co., and for that purpose the American Monorail Oo. of Baltimore is said to have offered part of its holdings at 20 cents on the dollar; but this la not oonlirmed.
Ameiiean Salt Co., Belle Isle, La.— Reduction of Capital
—This New Jersey corporation gives formal notice of
the reduction of its capital stock from $1,500,0(0, par of
Stocfe.
shares $100, to $15,000, par of shares $1. Application for a
receiver was made in New Orleans in January last. The
company in February, 1903, developed a salt ralne at Balle
Isle, La.
Charles H. Riinile is President. Offl je, Chicago,
III.
Of the stock. Max Pam holds 313 shares, Harry Flyton,
Sacretary, 4,150 shares; I. L. Eliwood and J. W. Gates each
1,688 shares.
American ( Bell) Telephone & Telegraph Co.— Bonds Scli,
—The
$25,000,000 of 4 p.
Peabody
&
c.
gold bonds offered by Kidder,
&
Co., Limited, were
Co. and Baring Brothers
over-subscribed, nearly $10,000,000 being taken abroad.
Report.—Sze page 1171 of to day's Chronicle,
Reduction of Rates.-See New York Telephone Co. be-
low.— V. 80, p. 1113, 1110, 999.
American Tobacco Co.— Payment of Maturing Debentures.
The $1,581,100 7 p.c. gold debentures issued by Continental
—
Tobacco Co. April
1, 1903, will
1905, at the office of Baring,
ba paid at maturity, April
Magoun
&
Co.,
New
1,
York,
due.— V. 83, p. 1055, 653.
American Witch Hazel Co.— Bcce»t;er Appointed,— Thla
company was on Jan. 19 placed in the hands of Ferdinand J.
TTa^hington Terminal Co.— Bonis— Further Facts.— Th\B HoytJr.,a3 receiver, by Judge Holt of the United States
company recently made a mortgage to the United states District Court in this city, on application of Lesser Bros.,
Trust Co. of this city, as trustee, to secure an issue of $12,- representing creditors. The company was organized on
1904. .$2,644,860 $1,288,538
1903
2,462,295 1,134,243
-V. 79, p. 2644.
.
$49,024 $148,377 $832,662 $366,523
32,906
146,033 799,237 221,879
090,000 gold bonds of $1,000 each. These bonds are dated
Feb. 1, 1905, and will mature Feb. 1, 1945, without option of
earlier redemption. The first block of $10,000,000 will bear
interest at the rate of d}4 p. c. per annum, the remaining
$2,000,090 at not exceeding 4 p. c. The interest is payable
Aug. 1 and Feb. 1 in Washington and New York. Authorized capital stock $5,000,000, issued $2,500,000, par of shares
President, A. J. Cassatt; Secretary, C. W. Woolford.
$50.
As to reported guaranty, etc., see V. 80, p. 652.
Weat Cliester Eennett & Wilmington Electric Uy.—Sale
April go, The foreclosure sale is advertised for April 20 at
Kennett, Pa. Upset price, $110,000— V. 80, p. 1060.
Western Maryland RR.— Bond Offering.— BMr & Co. recently offered at a price to net about 4% p. c. $500,003 1st mort,
4 p. c. 60-\ear gold bonds of 1902. Authorized issue, $50 000,000; outstanding, $29,367,000. Compare V. 79, p. 269.— V. 80,
—
p. 601, 1113.
together with interest
Feb. 3 with $1,000,000 capital stock, as successor of the
American Witch Hazel Corporation. The liabilities are said
to be between $40,000 and $ iO.OOO; assets probably $10,000 to
$15,000.
Compare V.
75, p. 551.
Automatic Coaling & Weighing Co.—Status. —See New
York Weighing Barge & Coal Co. below.
Bay Cities Water Co., California.— Fofe Unfavorable.—
See Contra Costa Water Co. below.— V. 78, p. 844.
Bell Telephone Co. cif Canada.— iZ^pori.— The reports for
the calendar years 1904 and 1903 show:
Gross
Net
Bond Dividends Surplus Total luhOalen.
earnings, interest, paid (8%) for year.
1901..$2,93a,«53 $!<01,905 $100,000 $588,11/ $113,787
1903.. 2,522,275
682,152 lOa.OOD 467,510
114,642
V. 78, p. 1389.
year— earnings,
—
seriberf.
57,172
Big Horn Basin (Wyoming) Development Co.— Bonds
0#ered.— Dake M. Farsoa & Co., 115 D ^arborn St., Chicago,
offer for sale the unsold portion of $550,000 first mortgage
Westmoreland RR.— Mortgage.—Th\B company, recently
irrigation 6 per cent [linking fund] bonds of $1,000 each,
formed hy merger of the Blairsvllle & Derry and the Braden- gold
dated Jan. 1, 1905; maturing Jan. 1, 19<i0, but subject to call
ville & Derry RR. companies, has made & mortgage to the
105 and accrued Interept after Jan. 1, 1910; interest payEast End Savings & Trust Co. of Pittsburgh, as trustee, to at
able Jan. 1 and July 1 at First Tru^t & Savings Bank, Chisecure $250,000 bonds. Ex-Qovernor W. A. Stone of Pittscago, trustee. A circular says in part:
burgh is interested.
INDUSTRIAL. GAS AND MISCELLANEOUS.
American Arithmometer Co.— New Name —See Burrougts
Adding Machine Co., below.— V. 78,. p. 1551.
American Compound Bearing Co.— Retirement of Overissue of Stcck,—Ai Newark, N. J., on March 7 ViceCuancellor Pitney ordered the receiver, Chauncey G. Parker, not to
defend the suit brought by the Chapman Double Ball Baaring Co. to have a new issue of $4,800,000 stock declared
Illegal.
The Vice-Chancellor said that the testimony in the
receivership proceedings gave evidence of irregularity in the
increase ot stock. Compare V. 79, p. 828.
American Ice Co.— Our Two-Thirds Deposited— Penalty
Beginning April f .— The committee, John E. Borne, Chair
man, announces that over two-thirds of each class of stooh:
have been deposited under the proposed plan for exchange
for the stock of the American Ice Ser.urities Co. All shares
ot preferred stock not deposited on or before April 1, IfiOl.
will be accepted after that date without the privilege of
taking the debenture bonds. All stock not deposited by the
date named will be accepted only on the payment of 50 cents
Total bond 18SU3, $750,000; bonds remaining in treasury for future
betterments, under provisions of the trust deed, $200,000; total outstanding bonds (no II )atlng debt), $i5O,000; capital stock paid up,
$3,000,000. Assets pledged to secure these bonds: 245,000 acrea of
choice agricultural land located directly east of Yellow Btone Park in
the Big Horn Basin, Wyo., this land being segregated under the United
State.'* law known as the Oarey Act, and the laws of Wyoming, with
water rights attached, valued by the State at a maximum of $30 per
acre, $7,350,000; natural reservoir (ooynrlng over 6,000 acres of land
to an average depth of 7ft ft.), $, 000,000; over 100 miles of canal,
with hea-lgatee. etc., $'?00,000; total assets $S,650,000. President, 8.
L. Wiley of Wiley & Russell Mfg. Oo. of Sprlngfleld. Mass., and Omaha.
See advertisement on another page.
Barronghs Adding Machine Co., Detroit, M ich.-iZetncorporated.— The American Arithmometer Co. (V. 78, p. 1551,)
was reincorporated with this name on Jan. 16, 1905, under
the laws ot Michigan, with $5,000,00 ) of full paid capital
stock; par value of shares, $100 no bonds. The business was
removed In October, 1904, from St. Louis to Djtroit, where
the plant employs 700 hands. Of the company's adding and
listing machine (manufactured under the patents of the
late William Seward Barronghs), nearly 24,0 JO are reported
The history of the enterprise follows
in UHO.
In 1R82, machine conceived 1882-1888, developmentof inventions
cost of first machine $300,OuO; 1839, tirst machine marketed; 1891
ftrst 500 machines recalled and destroyed by Inventor; 1891-1895, ma;
:
;
Mae.
THE CHRONICLE.
25. 1905.]
1896-1900, manufaotured and
sold, 1,000
machines; 1902, 3,162 machines; 1903, 4,445
machines; 1904, 5.088 maohlnep; 1905 (estimated), 7,000 machines.
"The present company having been organlzea in January last eo
dividends have as Tet been declared. The probability is that we will
pay dlTldends quarterly— April 1, July 1, Oct. 1 and Jan. 1." Joseph
Boyer, President; H. Wood, VloePresldent; B. Q-. Chapman, Secretary
and Treasurer; Alvan Macauley, General Manager.
Bnsh Terminal Vo.— Bonds.— The shareholders will vote
April 3 on issniner 1350,000 of the consolidated bonds of 1904
in accordance with Sub-division E of Section 4 of the mortjjage for the purpose of procuring additional working capital.
This will make $3,750,000 of the bonds outstanding. Compare full statement, V. 80, p. 999, 1005.
Calnmet Lighting Co , Chiesgo.— SfoJd.— See North Shore
Electric Co. in V. 80, p. 1115.—V. 75, p. 344.
oMnea manufaotnred and
;
Bold, 1,5C0; 1901, 2,121
1177
one $1,000 bond and $200 of stock for each $300 paid, the
eubscriber paying also the accrued interest on bonds allotted
Holders ot 100 shares will be entitled to subscrit>e
to him.
to bonds of the par value of $8,558 93 and to stock of the par
value of $1,811 78, and will be required to pay for these securtles the sum of $5,247 15, with Interest on the bonds from
Feb.
1,
1905, to April 13, 1905, at 5 p.
c— V. 80, p.
474.
Compressed Air Co.— S'uccessor.— See Rome Locomotive &
Machine Works below.—V. 79, p. 2798.
Consolidated Gas Co. of New York.-Legislative Inquiry.
Both houses of the Legislature last week passed the joint
resolution introduced by Senator Page providing for an investigation by a committee of 3 Senators and 4 Assemblymen into the cost of gas and electricity to and the rates
charged by tte lighting companies in New York City, The
Carroll (la.) Lfght, Heat & Vo-wer Co.— Bonds Offered.—
is to report as soon as possible and suggest such
Charles E. Temple, Grand Rapids, Mich., is offering tor sale committee
Hearings, it is
legislation as may be deemed necessary.
95 and interest, $50,000 first mortgage 5 p. c. gold bonde;
at
expected, will begin next week and continue almost daily,
denomination, |1,000, dated April 4, 1904; due April 4, 1924;
so that the committee mav report to the present session of
optional April 1, 1907, at 105 and interest; authorized issue,
the Legislature in time to reach a vote before adjournment.
$100,000. For year ending Sep<-. 16, 1904, gross earnings,
The committee consists of Senators Stevens of Wyoming Co.
Sae V. 79, p. 2590,
$38,194; net earnings, $22,655.
(Chairman), Page and Q-rady, and Assemblymen Agnew,
CentenDial Copper Mining Co.— Assessment Called.— A.n Apgar, Merritt and Palmer.
assesemtnt of $4 per share has been levied on the stock, payTaxpayers' Sttti.- Justice Kelly in the Supreme Court in
able at the cffice, 60 State St., Boston, in two instalments as Brooklyn on Wednesday, in the action brought by William
follows: $3 April 10, 1905, by stockholders of record April 8; R. H-^srst as a taxpayer to restrain the payment of about
$2 Aug. 10. A Michigan corporation. Authorized capital $1,200 OCO for past lighting bills (the back interest of about
stock, $2,500,000; iseued, $3,250,000; paid up March 21, 1905, $200,000 being waived), held that the sole question to be deNotes out- cided was whether the city ofiBcials were guilty of bad faith
$1,390,228; par of shares, $25; paid up, $15.50.
standing issued for Arcadian mill property, $300,000.
and refused to allow an investigation into cost of production.
Report.— The reports for the calendar year 1904, etc, show:
The trial was concluded, briefs being submitted. V. 80, p.
1903.
1904.
^1902.
Tear ended Dee. 31—
$255,857
$116,933
$446,136
Gross receipts
164,910
del. 12,219
96,220
Netrecelpts
H. F. Fay 1b President; Q. G. Endioott, Secretary and Treasurer.—
V. 71, p. 1122.
Centary Realty Co.— Fa;fra Z>it?idend. —The company has
declared this week an extra dividend of 2 per cent, payable
April 1. The board of directors also at the same time declared the regular semiannual dividend, increasing the
amouDt to 4 p. c, payable July 1. Three per cent has been
paid semi-annually since Jan,, 1903.
Chicago & Milwaukee Transportalion Co.— Called Bonds.
—Five first mortgage bonds of 1898, covering steamship
"Christopher Columbus," to wit Nos. 4, 17, 31,64 and 71,
were payable at Bank of Commerce, Cleveland, O., on March
1, 1906.— V. 78, p. 690.
Chicago Motor Vehicle Co.— JBanferup^- The company
was declared bankrupt by Judge Kohlsaat in the United
States District Court at Chicago on Jan. 10, but an appeal, it
wss stated, would be taken to the United States Circuit
Court of Appeals.
press despatch said
Liabilities, $60,000 of merchandise claims, $8,000 labor claims and
$150,000 mortgage on the plant at Harvey, IlL Assets, aatomoblles,
factory and machtaes.— V. 78, p. 822.
Citizens' Light & Power Co., Fort Wonh,Tei..—Stattis.—
Bonds Offered.- Aliieov, Meldrnm
Co., 74 Broad wav, were
recently offering for sale $95,000 of this company's $103,000
first mortgage 5 p. c, gold bonds.
These bonds are da'ed June 1, 1901, and are due in 1941. but subject to call
A
:
&
whole or iQ part at company's option, also at the rate of $1,000 yearly, at 106
and interest; decomiDatlon. $500; interest payable June and December at
In
Koyal Trust Co. of Chieaao, trcstee. Capital stock, $100,00:': earnings
for the ten months ending Oct. 3', 1904, S5e.333, contrasting with Si2,7S0 for
same period of 1903; net, S2*,340, against §l0,24t: interest. IS, 258, against
H.810; balance, surplus, $«1, 084, against $7,031. President, D. T. Bomar, Fort
ofiBce of
"Worth.
Citizeob' Transit Co., Cleveland.— Sfocfc O^ered.— Ttiis
company, organized under the laws of Ohio in July last
with $600,000 capital stock "to make, buy, sell and operate
electric passenger automobiles in the State of Ohio," is offering a limited amount of its stock at par, $100 per shares
It is proposed to put automobiles, seating from 20 to 40 passengers, into service in the parks, boulevards and streets of
Cleveland as rapidly as possible until the entire city is supplied.
The power is to be furnished by the Edison battery
and transmitted through the
Imperial Electric Motor.
President, Chas. S. Britton; Secretary and Treasurer, D, E.
Cole, 6C6 Citizens' Building, Cleveland.
Clarksbarg Fael Co.— iJepor^— The results for the calendar year were:
Tear.
Grost.
Xet.
0th. Inc.
1904
1903
$476,964
645,177
$133,445
259,6i0
$27,483
24,593
Oh'aes,dep.,dc.
!)J124,975
109,611
Bal.,Sur.
$35,«58
174,592
—
—
1060, 474, 470.
Consolidated Heat Light & Power Co., Cal.— Boncfs.—
company has created $60,000 20- year gold bonds, par
$500, to provide for erection of a gas plant in Visalia.
Consolidation Coal Co. of Maryland.— iZepor^—The results for the year ending Dec. 81 were:
This
0th. Ine
rear.
Qros$.
Xtt.
Oh'ges.tee. i p.e.Div. Bal.Sur.
1904..$4,130,.^89 $1,231,604 $331,703 $7tj0,212 $410,000 $393,095
1P03.. 4,419,249 1,664,016 234.630 811,138 410,000 677,508
V. 80, p. 474, 225.
—
Continental (Beet) Snsrar Co., Fremont, Ohio.— Increase of
Capital Stock. This Ohio corporation has filed a certificate
of increase of capital stock from $500,COO to $1,000,000.
G.
E Collin 2 s is President. Offices, 25 Frankfort St., Cleveland.
See V. 79; p. 682.
Contra Costa Water Co.-Oakland Votes Down B:nd Issue
for Municipal Plant.— At the city election on Mar. 11 the
propoeition to issue bonds for the construction of a municipal
water plant through the medium of the Bay Cities Water
Co. was lost by a vote of 4,415 for to 5,208 against the plan,
a two-thirds vote being necessary. See "Oakland," V. 80, p.
486.— V. 78, p. 345.
—
Corn Prodncts Co.— Dividend Reducei.—The directors on
Tuesday declared a dividend of 1 p. c. on the $27,380,700
(cumulative) preferred stock, payable April 10 to holders of
record March 31. This is a reduction of 5i of 1 p. c. from
the previous payment, the full 1^^ p. c. having been distributed quarterly from July, 1902, to January, 1905, inclusive.
From May, 1903, to February, 1904, the common stock
received 1 p. c. quarterly. President C. H. Matthiessen has
iss^ued a circular, saying
Daring the greater part of last year the general depreeslon In bualnesa and increased oompetUion In the starch and glncose Indastries
serionsly aflfeoted the earnings of the companies from which the Com
Prodncts Or>. derives its income. Exact flgores showing the combined
net earnings of theee companies cannot be famished until the andltora
have finished thplr work, when statements will be mailed to each
thareholder as usnal. The receipts of the Corn Proincts Co. for the
year amount to SLSO^.-oSS, and the expenses amoant to §116,123,
leaving net earnings of $1,059,465. The combined net earnlnsts of the
varlons companies whose stock this company owns in whole or In
part are estimated at $2,700,000, before writing oflf the Interest on
bonds and expenditnres for repairs, Improvements and advertising.
The combined bonded debt oC all the companies In which your company is interested (excluBlvo of tte New Ycrk Glucose Co.) is now
$7,390,000, as against $7,5 18,000 one year ago None of the subsidiary
companies owe any money except for current bills. The Corn Prolucts
Oo.'e indebtedness of $500,000, as reported last year, has been reduced
to $400,000, amply secured by the Giucoee Sugar Refining Co. common
stock. The sBbslrtlary companies have on hand atout $1,000,000 of
real estate not required in their boBlness, and which they are endeav:
oring to convert Into cash.
No dividends have been received from the New York Glucose Co.
since Dec. 1, 1904.
The number of stockholders has increased from 2,488 to 2,666.
—V. 80, p. 474.
(Compare report, V. 78, p. 1905).— V. 80, p. 653, 119.
Colorado Fuel & Iron Co.— Option to Subscribe.— A-greeDn Pont International PoTvder Co.— Dividend of Con'
abJy with the funding plan of Dec. 11, 1903 (V. 77, p. 2282.
2341) the properties lately sold by the company have been trolled Compaiy —See International Smokeless Powder &
conveyed to the Colorado Industrial Co., a corporation or- Chemical Co. beiow.— V. 80, p. 119.
ganized under the laws of Colorado; all the capital stock of
Erie C An slX.- Additional Contracts Atoarded.—Thx(e fursaid Industrial Company has been acquired by said Fuel ther contracts for enlargement of the canal under the Barge
Ccmpany, which has issued in payment thertf or $6,200,000 Canal Act were awarded on March 13 as follows: Nos. 2 and
of its common stock and has guaranteed the mortgage bonds 5 (Erie Canal), $852,330 and $381,987, respectively; No. 3
of the Industrial Company to an aggregate amount of $45,- (Champlain Canal), $670,497.
0OO,C00.
Attormy Oenerai's Qpinjon.— Attorney-General Mayer on
The bonds and stock used for re-purchase of property and for additional capital, amounting at par to $17, COO,
March 10 denied the application of various interests that he
COO cf Industrial Companv bonds and $3,400,OCO of oommoD bring action to test the constitutionality of the Barge Canal
(unlisted) stock of the Fuel Company have been depc sited Act, In his opinion, he says, it his duty to assert the validity
by the underwriting synalcate with the committee for sub- of the lavf that when a real controversy In the coarse of its
scription by stockholders as provided in said plan.
administration arises, as It probably wiJl shortly, he will do
Stcckhclders of record April 8, 1905, who are not members all in his power to facilitate a speedy and full determination;
of the ucderwritlrg syndicate are accordingly offered the and thnt until such a contingency develop?, it is the duty of
right to subscribe for said securities at the New York Trust State officers to administer the law accordiag to its provisCo., No. 26 Broad St., on or before April 13, on the basis of ions.— V. 80, p. 715.
;
THE CHRONICLE.
1178
[Vol. lxxx.
Equitable Lite Assarauce Sicletj— Directors Approve
Plan—Crimmina Committee Obfecti*. —See editorial article on
an annual rental of $3^,000
land and building on Charles
page 1147 and coicpare V. 80, p. 1114, 999.
Fairmont Coal Co.— iZepor^.—Tlie reaalta for the calen
Watch
dar year were:
Div.
Bal.,Sur.
Net.
Oih.Ine.Ohg'i,dep.,tic.
Tear.
Gross.
1904.. $3,754, 152 $982,138 $33»,333 $670,538 (3)$360,000 $283,934
1908.. 5,197,686 1,894,568 357,013 668,618 (2)240,000 1,342,963
Earnings of Subsidiaries,— The earnicgs of the Pittsburgh
Fairmont Fael Co., a majority of whose stock was acquired on July 27, 1904 (V. 79, p. 2699), for 1904 were: Gross
&
earnlDgp, $326,311; net income. $137,395; charges (Including
$70,000 interest on bonds), $86,667; balance for year, $50,638.
See Clarksburg Fuel Co. above.— V. 80, p. 474, 235.
—
General Asphalt Co.— Arbitration Demanded. The American Minister at Caracas, acting under Inetructions from
Washingtcn, D. C, lately informed the Venezuelan Government that it must arbitrate the questions at issue between
the countries, chit fly the dispute regarding the concession
of this company's subsidiary, the New York & Bermudez
Asphalt Co., to the Bermudez (asphalt) Lake, or the United
States will feel free to take other steps to secure justice.
Our Minister yesterday notified the Government of President
The situation is further
Castro's refusal io arbitrate.
complicated by the agretment of the Government of Ventzuela with the foreign bondholders, which was to be signed
yesterday, setting apart a large portion of the Customs receipts for Interest on a proposed issue of Venezuelan consols.
It was announced last week that the Superior Court in
Venezuela decided March 15, on appeal, thatJiheNew York
Bermudez Asphalt Co. aided the Matos revolution and
should therefore pay damages to be fixed by the High Federal Court.
Tbe proceedings in the Venezuelan courts
touching the company have, it is claimed, been so irregular
as to amount practically to a denial of justice. The action
to rescind the concession is scill pending. All persons are
warned by advertisement against using asphalt from the
&
Bermudez Lake "from which said company was wrongfully
dispossested July 22, 1904."
Contract— The subsidiary Barber Asphalt Co. recently
obtained a contract for about $1,000,000 of paving and repaving in Philadelphia at an average price for the paving of
$1.55 per square yard, contrasting, it is said, with $1.84 last
year and $3.12 two years ago.— V. 79,
p. 2750, 2586, 3207.
Colorado Springs.— Sate Ordered.—
The
company's property, it is stated, will
take place May 10. Appraised value reported as $309,000;
upset piice not less than 75 p. c. of samB.- V. 79, p. 2591.
Hoa&ton Oil Co.— Litigation.— See Kirby Lumber Co.,
General Metals
Co.,
judicial sale of this
below.— V.
80, p. 475, 166.
;
it
also transferred by deed its
Waltham, to the E. Howard
S:.,
Co.
Kirby Lamber Co.— Suit For Damages.— Snita have been
brought by the lumber company against the Maryland Trust
Co. and the Houston OH Co. (1) for damages to the amount
of $17,017,533 for alleged breach of contract and (3) for the
dismissal of the receivership on the ground that the plaintiff
is not insolvent.
The claim for damages represents (a)
$2,071,633 excess payments claimed to have been made under
tbe timber contract and (b) $15,000,000, being $5 for each
1,000 feet of timber which the Houston Oil Co. failed to deliver in accordance with Its original contract.
The complainant alleges that said original contract called for 8,0(.0,000,000 feet of timber to be cut up to the year 1914 and to be
paid for at the rate of $10 per 1, COO fee- but that the Houston Oil Co. was unable to furnish this amount because it
only controlled about 500,000 acres of land, which would only
yield about 5,003,COO,COJ feet of timber.
The lumber company also alleges that the supplemental
contract by whicti the oil company sought to relieve itself
from the obligation to deliver 8,000,000,000 feet of timber was
not executed by authority of the board of directors of the
lumber company, nor with their consent, and that the directors remained in ignorance concerning it until the receivership. The lumber company admits that at the time the
receivership bill was filed there it owned $3,COO,000, but
denies that it is insolvent.
The lumber company in its
answer in the suit brought by the Maryland Trust Co, as
trustee, in which the receiver was appointed, also makes the
following allegations :
The defendant further alleges that, relTirg on the Houston OH Co. to fully
;
perform its part of thejtimber contract, it not only rebuilt and improved Its
existing lumber mills, greatly increasing their capacity and improving and extending its tram roads, but in adfiiiion erected 6 new mills of gi eat capacity,
with tram roads, at an expense of $!, 000,000. and at the time of the Uling of the
original bill it was possessed of eighteen mills, together with appurtenances
and facilities of every kind, including 140 miles of tram railroads, with a capacity of manufacturing 450,000.000 feet of lumber per year, running during the
daytime only, and a sufficient number of said mills for oceration in the night
time, and with the aid of the night operation bad an ultimate manufacturing
capacity of more than 70ri,000,ijOO feet of yellow pine lumber per year. During
the existence of the tiojber contract, the lumber company cut and removed
47v,804,765 feet of merchantable ye. low pine from July 1, 1901, to Feb. 1, 1904,
and paid therefor $.',275,000.
The answer further alleges that neither the Maryland Trust
Co. nor the Houston Oil Co. has a lien on the properties of
the lumber company.
Sales Ordered.— Judge Burns of the Federal Court, at
Houston on March 2, ordered the sale on May 2 of portions
of the company's lands: (1) 16,316J^ acres in Jasper and
adjoining counties, upeet price, $200,000, to satisfy judgment
of $165,510^in favor of Nona Mills Co. of Beaumont, etc.;
(3) 3,815 acres in Jasper and adjoining counties under judgment of $16,705 in favor of O. L. Cochran, guardian; (3)
8,922 acres in Orange County, to satisfy judgment of Margaret P. Thompson for $7,579.—V. 80, p. 166.
(E.) Howard Watch Co.— See Keystone Watch Case Co.
below.— V. 76, p. 755.
Lawyers' Mortgage Co., New Yorb.— Increase in DiviIndependent BrevfiBg Co., FitUhviTgh.— Acquisition.This company is reported to have arranged for the absorption derid.— The directors have declared a quarterly dividend of
on April 1, as of Feb. 8, of the Chartiers Valley Brewing Co., \% p. c. upon the $2,500,0CO capital stock, payable April 1
a company said to have $175,000 capital stock, and a brewery next to stockholders of record March 20, 1905. This is an
with an annual capacity of 80,000 barrels and an output last increase of 3^ of 1 p. c. Par of thares $;00.
year of 35,000 barrels.— V.
80, p. 999.
Co., Topeka, K&n.—Bjnds.-F.
H. Mills & Co., Boston, recently offered at 103 and interest a
block of first mortgage sinking fund gold sixes of $500 each,
dated Feb. 1, 1905, due Feb. 1, 1923, subject to call at 104;
coupons payable Feb. 1 and Aug. 1 at Fidelii y Trust Co.,
Kansas City, Mo. trustee. Bonds authorized by mortgage,
Independent Telephone
,
$100,000; now issued, $65,000; reserved for txtensione, to be
issued at 80 p. c. of the cost, $35,000. Capital stock, $150,000.
B. F. Pankey, President, under date of March 3, states:
On March 1, 1906. a total of f.OSB Instrnments were in actual use, against
1,612 on Jan. 1,1904. Plant ici vestment, Jan. 1. 1905. IIWI,"!?!*. BarnlnKS for
calendar year '904: Oross income, $57.0Sii; operation and maintenance. *2A,4rt2;
net Income, tSI.nuo. Twenty- year franchise eranted July. 1901; no objectionable fe'ttures. Company has cotnectlon with Kanstts City over lines of Kansas
City Homes Telephone Co. and, throuuh Union Telephone * Telegraph Co.,
with a large number of towns wesi of this city.
N
Indot-trial Coal Co. ctock Offered.— Chas.
Haley, fiscal
agent, Keystone Building, Pittsburgh, is offering $100,000
treasury stock at pir, $10 per share; autborized capital
stock, all of one class, $500,030; no bonds. Mines at Hllliardfl, Pa., the property embracing "4,530 acres of the beat
bituminous coal In Pennsylvania on the Bessemer
Lake
Erie RR." "This security Is paying 6 p. c. dividends, and it
Ib proposed to increase the shipping capacity to 1,800 tons
dally."
D.-laware incorporation organized June 18, 1904.
President, John W. Grove of Pittsburgh.
&
A
International Smokeless Powder & Chemical Co.— Dividend. The directors have declared a quarterly dividend of
87J^ cents a share (^^ of 1 p. c.) on the 180,000 shares of common stock, par $50. The preceding payments oa the common
stock were: Iq 1934 three quarterly distributions of 37J^
cente; in January, 1905, 50 cente; tota?, $1 Q2^.
Report.- The report for the calendar year 1«04 showed net
—
earniDgs;J615,CO0(against $450,000 for 1903); pref dividends,
$48,000; common dividends ($1 62i^ per sharO, $292,500.
Directors
The Da Pont International Powder Co. owns
control (V. 18, p. 1448; V. 77, p. 2893). The directors are:
W. W. Glbbp, George 8 Graham. Hsnry O. Watts. Oarl D. Bradley,
£. O. Bnokner, H. F. Baldwin, T. Coleman Da Pont, P. S. Da Pont.
Alexis I. Da Pont.— V. 80, p. 119.
—
Incorporated in 1894 ander the New YorK Inearanoe law. Dividends for one year past, 6 p. o. previous to that for a number of years,
un5 p. 0. yearly. Now earning about 10 p. o. Surplus, $l.(i00,ooo
divided protttP, $37,314. Assets Include Cash, $209,123
N Y. Olty
mortgagee, $3,828,31!^. Mortgages guaranteed aggregate aboat $32.000,000. President, R. M. Hard; Vloe-Presldents, £. W. Ooggesball,
Charles 8. Falrchild and David B. Ogden Secretary, C. O. fivers.
Tills company should not be confounded with the allied
Lawyers' Mortgage Bond Co. (V. 80, p. 602, 874.)
,
;
:
;
,
Lowell (Mass.) Machibe Shop.— Sat'e of Control.— &. majority of the $900,000 capital stock has been deposited with
the City Trust Co., Boston, under the terms of the offer
of Robert F. Herrick to purchase the same at $1,180 per
share, par $500; depositors receiving also the semi-annual
dividend of $30 per share, payable May 15. Further deposits
from shareholders unavoidably delayed in accepting the
Mr. Herrick is thought
offer will be received until Sept. 1,
Petee
by some to represent persona identified with the Saco
Co., which owns a large plant at L-Jwiston, Me., and another
at Newton Upper Fall?, Mass. The stock has paid dividends,
it is stated, as follows:
19C0.
1899.
1901.
1804.
1902.
Year
1903.
10
10
9
10
Percent... 8
lo
&
Meridian (Miss.) Water-Works Co.— Receivership.— A.i
Meridian, on Feb. 3S, Judge Niles of the United States DisTrust
trict Corirt, upon application of the Farmers' Loan
Co. of New York, trustees for the bondholders, appointed A.
M. Lynn Receiver of the property. Mr. Lynn is understood
to be the district manager of the American Water-Works
Quairantee Co. of Pittsburgh. A special despatch to the
"New Orleans Times- Democrat " says
The city of Meridian and the company has been engaged for a year
&
&
:
In a desperate strnggle for eupremaoy, the city endeavoring to annul
th'aifranohlae of the company and build a plant under municipal
The State Supreme Court last week handed down a
o«7nerBlilp.
un anlmous opinion Invalidating the franchise of the company, but as
the water woiks attorneys had also taken advantage of the Onlted
P.tatts Court, It was thought by the general public this would be heard
Wefore any other step would be taken The receivership, tuerefore,
o.<ime as a surprise. See "Meridian" In V. 77, p. 991, 1762.
Minneapolis Brewing Co.— Bonds Called.-The Manhattan
KfTstone Watch Case Co.— Acr/wmtton.-lQ December last 'iTrust Co. will ou April 1 pay at 110 and interest $24,500 first
the Ucited States Watch Go. of Waltham, Mass., organized mortgage 7 p. o. bonds of 1893.— V. 76 p. 708.
In 1885 by the American Watch Tool Co., leased its plant to
iMiSBoari River Power Co.— Called Bonds.- Twenty ($30,^ he Keystone Watch Case Co. of Philadelphia for 25 years at
000 ) Ist mortgage 8 p. c. bonds of 1900 have been called for
Mar.
THE CHRONICLE.
25, 1905.]
at 105 and interest, say $1,C80 per bond, on May 1,
1905, at the cfBce of the Colonial Trust Co., 233 Broadway,
N. Y. See V. 76, p. 708.
payment
1179
Otlg Elevator Co.— New Directors.- Edmund A. Russell,
Godfrey R. Rebmann and W. S. Spalding have been elected
directors to succeed the late N. P. Oils, H. R. Reed and John
A. Roche.
JSeporf.— See page 1172 of to-day's Chronicle.— V. 80,
Monmouth (111.) Was & Electric Co.— Bonds Offered.—
MacDonald, McCoy & Co., Chicago, are offering at par
and interest, |33,500 first and refunding mortgage five p. 476.
Pittsburgh Coal Co.—Acquisition.-An officer of the comper cent gold bonds dated Ost. 1, 1904, due Oot. 1, 1929, but
subject to call on Oit. 1, 1909, or any interest date thereafter pany writes : "Our company paid the full consideration for
at 5 per cent premium and accrued interest. Interest pay- the capital stock of the Jones & Adams Co. in cash, all of the
able semi-annually on the first days of April and October, stock of said company being acquired." See V. 80, p. 1115.
Denominations, $500 and |1,0C0. State Bank of Chicago,
Plymouth (tfass.) Electric LigbtCo.—Refundivg Bonds
Chicago, III., trustee. A circular savR:
Offered.- E. H. Gay & Co. are offering at a price to yield 4:%
Stock- Preferred, 6 p. c. onmnlatlve, $50,000; common, $1^0,000 p. c. $30,000 first mortsa^e 5 p. c. gold bonds of |1,000 each,
(par, $100). BondB authorized, $200,000— to refund bonds of Edison
Illuminating Co., $42,000; tor future betterments and extengions at dated Jan., 1905; du^ 12,000 to §3,000 yearly, each Jan. 1, 1916
85 p. 0. of cost, $78,000; In treasury, $10,000; Issued, $70,000. to 1924, and $38,000 Jan. 1, 1925. Coupons payable Jan. 1 and
OrosB for year 1S04 (of which 10 months as Independent properties), July 1 at American Loan & Trust Co., Boston, trustees.
$43,038; net earnings. $12,742; preEcnt Interest charge, $5,8i0. FaTorable franchise for thirty years. Owns and controls, without com- "Franchise perpetual and exclusive." Stock, $90,00(1; firct
Eirnings for year 190304
mortgage limited to |60,0r0.
petition, all the gas and electric-light buslnesB in the city. Annual
sinking fun(3: IfilO to 1914, $2,100; 1915 to 1919. $3,150; 1»20 to Gross, $29,234; net, $11,442; interedt on present bends, $3,C0r;
:
1925
1924, $5,250;
Neir York
to 1929, $10,500;
making $105,0C0
in
all.
& Baltimore Trausportatiou Line.— Called
called for redemption at 105 and
interest on April 1, at the Trust Co. of North America,
Nos. 3, 9, 24, 31, 89,
Philadelphia, the following bonds, viz
Operates a freight line of sreamere,
101, 107, 154, 157, 185.
established some forty years ago, between New York and
L. Gaw Jr. is Treasurer, Phila.
Baltimore.
Bonds.— The company has
:
H
GlncosA Co.— iVo Dividend Since Dec. 1, 1904.—
See circular of Corn Products Co. above.— V. 74, p. 1093.
New York (Bell) Telephone Co.— Large Reduction in Rates.
The directors announce a reduction in the rates for telephone service, to 'ake effect on May 1, ranging from 20 p. c ,
viz., from |75 to $80, for 600 messages, to lOi^ p. c, or from
|228 to |3C4, for 4,5C0 messages. The schedule of toll rates
between the several telephone dittrlcts in New York City,
also revised, will take effect on the first of the month following the next issue of the telephone directory. The allied New
York & New Jersey Telephone Co. has also anncucced a reduction in rates beginning May 1. Sae report of parent company, the American Telephone & Telegraph Co. on page 1180.
New York
—
—V. 76, p. 269.
New York Weighing Barge & Coal
Co. —Reorganization
in New Jersey in December, 1900, with 14,0.0,000 cepital stock and a $500,000
bond issue (Knickerbocker Trust Co., trustee), was on Sept.
27, 1904. placed in the taads of John S. MacMasters, of
Jersey City, as receiver, by the Court of Chancery of New
plan of reorganization,
Jersey. Bonds issued, §359,000.
dated Jar. 25, 1905, is now announced by this committee:
James Kerr and Howard M. Smith, with John S. Nugent aa Secretary, and James M. Gifford, 5 Nassau St., and Albert 6. Kerr, 40 Wall
Plan.—Thia company, incorporated
A
New Yoik City, as counsel.
The plan is substantially as follows
St..
:
A corporation will be
organized with an authorized capital of $1,
000,000. All persons having valid claims will be permitted to partic
ipate
auoh reorganization to the extent of their claims and interest
to Jan. 1, 1905, on payment to the committee on or before April 1,
1905, of 10 p. c. of the face of such claims and interest, and will reoelye stock of the new company at par to an amount equal to such
olaims and interest.
If all creditors participate In the plan, about $300,000 of stock will
be iseued, leaving about $400,000 of such stock to meet future needs.
Such propt rtlon of the assessment as may be found necessary will be
used In purchasing and perfecting title to barges and other property
acquired by the receiver, paying taxes, receivership and other charges
connected with the reorganization, leaving the corporation with a
substantial working capital. No bonds will be issued and the property of the corporation will be free from mortgage and other liens.
The actual cash investment represented either by bonds or other
olaims, and which will be enutlett to share in the reorganization,
amounts to about $525,000.
m
balance, surplus, |8,442.
New Yori.—Offlcial Statement.
statement just made to the New York stock Eschanere
in connection with the application to list $1,000,000 of the 4J^
per cent bonds of 1921 will be found on page 1182. The whole
issue of bonds is $2,000,000, of which $1,000,000 were previously listed on the Stock Exchange. The bonds have been
issued to provide additional capital for the work of the society, which is to aid such persons as it shall deem in need of
pecuniary assistance by loans of money at interest upon the
pledge or mortgage of the personal property. The annual
report was given in our last issue on page 1110. The statement published on another page gives the form of the bon<3,
the balance sheet and other facts regarding the society. V.
Frovideat Loan Society of
—The
—
80, p. 1110.
Rome
& Machine Works.— Increase
company filed at Albany on
(N. Y.) Lfleomotive
of Capital
Stock.— Thia
March 3 a certificate increasing its authorized issue of capital
stook from $150,000 to $500,000. Substantially all of the old
stock was owned by the Compressed Air Co., and with other
holdings of that company was sold at auction on Dec. 14,
1904, and bought in by the bondholders' cocnmittee of the
Compressed Air Co. (Compare V. 79, p. 2088, 2798.) The
$350,000 new stock will all be issued to pay for the plant and
other property of the Compressed Air Co., the depositing
bondholders of the latter receiving stock and bonds in the
Rome company in exchange for their bonds. Concerning the
Rome company, see Compressed Air Co. in V. 76, p. 268.
Sbawinigan Water & Power Co. Called Bonds— Refunding.— The $1,500,000 first mortgage 5 p. c. gold bonds of 1900
have been called for redemption at tne Royal Trust Co., Montreal, on July 1, 1905, at 105.
Farson, Leach & Co. offer in
exchange for the called bonds the new consols, which are
now to have a first lien. There are about -14,000,000 consols
outstanding, most of the first 5$ having already been retired.
See V. 79, p. 274.
Somerset Coal Co.— Report.— The results for the year ending D;o. 31 wery:
Tear.
Gross.
1^04
1903
$975,298
0th. Inc.
Net.
Oh'ges.
Bal., 8ur.
die.
$24,789
$29,361
$2a3,193
453,980
1,951,549
238,286
26,061
Prom balance as above a dividend of 2 p. c. ($80,000) was
paid in 1903, leaving a surplus of $373,980,— V. 80, p. 476.
$228,571
666,205
Standard Screw Co., Detroit.— Pwrcftase.— This company
on March 17 closed negotiations for the purchase of control
of the Hartford (Conn ) Machine Screw Co. and its ally, the
Western Automatic Screw Co., on the basis of $1,517,670 for
the
entire share capital, viz., $818 10 per share
The company was promoted by the Automatic Coaling & Hartford
the stock of the
Weighicg Barge Co., wbich owns the United States patents Western stock and $233'19 per sbare for will receive the
company. All the shareholders
obtained by Peete B. Clarke for an elevator barge. This
same terms, provided their holdings are deposited with the
their
for
device, it is claimed, has proven an operating success, though,
Security Co., Hartford, Conn,, on or before May 20, or in
through mismangiment, the New York company became exceptional
cases by July !!iO. Pending the sale no further
insolvent. The parent company, the Automatic Coaling &
dividends will be paid by either selling company except a
Weighirg Barge Company, was iLc^rporated in Delaware in dividend snlfioient
to divide the proceeds of the investment
December, 1903, with |500,000 of authorized stock, and is, it assets reserved
by the companies, as below stated.
is stated, perfectly solvent; it has issued no bonds.
Charles E. Gross;, repreeenticg the seller?, is quoted:
North Western Commercial Co., Seattle, Wash.— Increase
For a number of years the Hartford Company has paid a dividend
of Capital Stock.— The shareholders will vote at Seattle on of 10 p.o. a month oa a capital of $100.00i> and the Western company
18 p. c. annually on $iOO,ooo capital. Each company held certain
MaylUon inceasing the capital stock from $1,5(:0,0 to investments— railroad etouks and bonds— which in the Hartford compar value of shares, $100. See plan under Pacific pany a«grej?ated, at markt't value, $181,900, and in the Western com|2,£00,C00;
Packing & Navigation Co. in V. 60, p. 1081, and compare pany, $200,431 88. An cffer was finally made to allow them to re-
and that he purchase pi ice of the shares of each
oumpany should be equivalent to the prices originally aeked— $1,000
a thare and $300a8haie, res' pectlvelj— and theactual sale was made at
$818 10 per share for the Hartfoni Machine Screw Co. and $233 19
tain these assets,
V. 80, p, 471.
Orange Connty CJas & Electric Co lUiddletown, N. Y.Orange County Lighting Co. below.— V. 79,
,
Sticceasor.— See
p. 155.
Orange Conaty Lighting Co., Middletown, N. Y.—Reorganized.—Th\B company has been incorporated at Albany
with $100,000 authorized capital stock as successor of the
Orange County (N. Y.) Gas & E'ectric Co., foreclosed and
bid in by Philip N. Jackson of Newark, N. J. (V. 79, p.
The new company has been orgaoized by Mr. Jackson
155).
in accordance, it is understood, wi;h the plan proposed by
him last December, holders for each |500 old bond deposited
with the Fidelity Trust Co. of Newark, together with $100
cash, receiving In exchange new 5 p. o. bonds of the same
amount and stock at the price of 80 p, c. in par for cash payment. Of the 5 p. c. bonds of the Orange County Gas &
Electric Co. |114,000 were iesued and $100,000 was reserved
to retire at or before maturity a like amount of 6 p. c. bonds,
which in the reorganization apparently remain undisturbed.
1
per share lor the Western Automatic Screw Co. Blair dc Co. deposited
an amount ectlloit^nt to pay for a m.iorlty of the stock of each company, and entered into an agreement to buy each and every share of
said companies at the same prices.
As to Standard Company, see V. 80, p. 716.
Standard Steel Car
Co.,
Pittsburgh.— ilfe/Zona Buy Shares
of Charles Schoen.— The Mellon
Interests
of
Pittsburgh,
which control the company, have purchased the stock holdings of Charles T. Schoen of Philadelphia.
The following changes in the management are ancounced :
New Ottioers. - Wllllrtm Blerman, Secretary, in place of A. 3. Valentine; J. W. Williams, succedlDg L. O. Wood.
Directors Retired —A. R. Fraser, E. H. Jennings and L. Q. Wood
retired as directors, and the board was reduced from 11 to 9 members.
Directors Elected— A. W. Mellon, John M. Hansen, B B. Mellon, W. L.
Mellon, L. G. Wler (President of the Adams Express Co.), Edwin Hawley, J. B. Brady, Henry R. Rea and Henry Aiken.— V. 80, p. 169.
l^" InTcstmcnt
News Conclnded on Pace
1183.
TnE CHRONICLE.
1180
^jefr0rts
[V^OL.
LXXX
and ^ocxxmtnts.
AMERICAN TELEPHONE & TELEGRAPH COMPANY.
ANNUAL REPORT FOR THE YEAR ENDINQ DECEMBER
New York,
March
28, 1905.
2o thi Stockholders:
The results of the business
for the year 1904, as shown by
the Treasurer's statement appended, were as follows:
Gros3 Revenue
$18,546,659 21
— .. 7,270,957 46
Expense^, including interest and taxes
11,275,70175
Net Revenue
Dividends paid
Carried to Reserve
Carried to Surplus
.„
9,799,117 50
20
890,43505
The followipg were the corresponding figures for the year
."186,149
1903:
Gross Revenue
Expenses, including interest and taxes
Net Revenue
Dividends paid.
Carried to Reserve
Carried to Surplus
$16,545,632
5,980,967
10,564,665
8,619,150
728,139
1,217,374
39
30
09
76
97
37
The net output of telephones during the year 1904 was
making the total number in the hands of the operat-
701,047,
ing companies 4,480,564.
The number of exchange stations at the end of the year
operated by the companies which constiiute our system was
In addition to this number
1,799,633, an increase of 274,466.
there were 167,213 exchange and toll stations operated by
companies or associations under sub-license contracts and
making use of our telephones. Adding also telephones employed for private-line purposes our companies have a total
of 2,003,213 stations.
Tae total mileage of wire for exchange and toll service
was 4,671,038 miles, of which 712,147 miles were added during the year.
Including the traffic over the Lonaj Distance lines the
daily average of toll connections was about 301,000, and of
exchange connections about 11,149,000, as against corresponding figures in 1903 of 258,000 and 9,876,000; the total daily average for 1904 of connections, both toll and exchange, reaching 11,450,000, or at the rate of about 3,687,000,000 per year.
The total amount added to construction and real estate by
all the companies constituting our system in the United
States during the year 1904 was:
For Exchanges
ForToll Lines
For Land and Buildings
$22,673,200
8,243,50j
2,520,000
$33,436,700
The amount added
in 1900 was $31,619,100; in 1901, $31,005,400; in 1902, $37,336,500; and in 1903, $35,368,700; making
the grand total of expenditure upon these properties during
the five years, |168,766,400.
The amount expended by this company in 1904 for the construction, equipment and supplies required for its Long Distance lines was $4,012,905, making the total investment in
Long Distance lines and equipment up to the close of the
year $30,>:89,710.
The development of the business during the past year exceeds that of any preceding year, and this applies not only
to the increase of the number of subscribers in established
exchanges, but to the toll line development and the extension of lines and service into the more sparsely peopled
sections of the different States. Present indications point
to even a larger growth of the business for the year 1905.
The efficiency of the operating companies is constantly
improving. The work of construction, maintenance and
operating is done better and with more economy each year
as improved equipment and more intelligent methods of
construction, maintenance and operation are devised and
spirit of loyalty and of devotion to
introduced into use.
the work pervades our entire organization throughout the
A
country.
becomes more clear that the prosperity
is
and always must be based primarily upon its ability to give such service, both in extent
and quality, as is required to meet the reasonable demands
Every year
of the
it
company
of the public.
Every extension of the service brings in new subscribers
and, what i« of greater moment, inor«Mses the value of the
service to those already connected
The demand for telephonic connection has spread throughout the entire country,
so that to-day not only the smaller householders and business men but even the isolated farmers in all parts of the
country are coming to regard the telephone as a necessity.
Its use on railroads, in factories, on steamships and in other
special environments is growing rapidly and there is an
enormous increase in the number of private branch ex
changes in hotels, apartment houses and other large establishments, where by the use of the private branch exchange
the same telephones can be employed for intercommunication between the rooms or offices as well as to talk out upon
the lines of the general system.
The experience of the Bell operating companies in meeting
the greatly increased demand for telephone service which
31, 1904.
has characterized the last few years, and the trend of the
business as a whole, afford definite assurance that the investment required for the extensions which must necessarily
be made, in the interest of the company and of the public,
will bring an adequate financial return.
It is gratifying to note that the service throughout the
country is constantly improving, notwithstanding the enormously greater difficulty in carrying on the business on its
present large scale. This is due in part to improvements in
physical plant and to the adoption of better operating and
maintenance methods, but even more to the more definite
recognition that a high standard of service must be attained
and to the more intelligent and careful supervision of the
plant and of the operating which has come with experience
and with a higher aspiration for good service.
Involved in the extension of the business, both from the
point of view of the companies and of the public, is the
establishment of such schemes of rates as will result in an
adequate return to the operating companies and at the same
time will make it possible to graduate the cost of the service
to the varying requirement of the respective subscribers and
therefore be alike fair to the large and small user. In no
other business that serves the public are the difficulties of
dealing with rates greater than in the telephone business,
particularly in view of the fact that in no two localities is
the investment or the cost of operating per station the same,
and that, as communities increase in size, conditions arise
which largely increase these costs.
The Bell companies are dealing with this question intelligently and on sound lines. By the adoption of measured
service in places where it is applicable, and of different
grades of service which can be supplied at varying prices to
meet the requirements of different classes of telephone users,
they are promoting the necessary extension of the service on
a basis that is safe, and satisfactory both to the companies
and to the public. As a fundamental principle, the larger
user should pay to some extent in proportion to his use,
while the smaller user should be offered a service adapted to
his needs at a lower price.
The number of subscribers to the Bell system is now
practically a hundred per cent greater than was the case
three years ago. In almost every part of the country each
subscriber is able to talk to twice as many stations and
through those stations to a very much larger number of
people.
Thus the value of the service to the user is constantly increasing and its cost to the subscribers in relation
Moreover, the telephone
to its value is constantly reduced
uses on the average pay a substantially less amount for the
service they receive, irrespective of its increased value, than
was the case three years ago. Not only are the standard rates
reduced from time to time wherever the conditions justify
such a reduction, but a constantly-increasing proportion of
the telephones installed is furnished at the lower scale of
rates adapted to the needs of those whose requirements are
adequately met by the classes of service offered at such
lower rates.
Concurrently with this reduction of the average rate, and
as a consequence of the continued application of sound
methods of engineering and of operation, and of the extension of the business into fields where relatively expensive
construction and high cost of operation are not required in
order to render adequate service, there is a constant decrease
in the average investment and oost of operation per station,
of the Bell system as a whole. This is not true of every locality, and tlie extent of this reduction, if any, in any given
place, depends upan the local conditions; as, for example,
the size of the community and the density of its population,
the proportion of the investment that is required iu any special place for real estate, expensive underground construction, intercommunicating trunk lines or elaborate exchange
equipunent, and the character and extent of service that is
demanded.
As a general principle it seems perfectly certain that it
will always be the case that the larger and more densely
populated the community the higher must be the standard
of rates for the comprehensive service required for that
community. Not only the investment and the cost of operation, but the general difficulty of doing the business which
can only be overcome by enlarged expenditure, increase
in passing from the smaller towns and cities to the larger.
All these diificulties and expenses culminate in cities of
the first rank, In those cities there is extensive underground
construction, laid and maintained under unfavorable conditions and at great cost, the real estate expense is necessarily
very high, the central office equipment is complicated iind expensive, out of all proportion to the number of subscribers
served, there has to be a network of trunk lines connecting the
different exchanges one with anotiier, and there are many
other conditions involving great expense that are not present
to a proportionate degree in smaller communities. Moreover,
the business is on such a large scale and the element of time
Mar.
THE CHRONICLE.
25, 1905.J
1181
so much more important as to require the maintenance
of a much higher standard of promptness and eflSciency
in the service furnished than is necessary in a smaller
community, and this higher grade of service can only be
attained at a disproportionate increase in cost. In fact, the
conditions in those cities are such that only engineering skill
of the highest order, and the courage to embody the resalt
of that engineering skill in permanent construction and to
practice the most sensitive methods of operating regardless
of cost, even at times when there was a fair question as to
secured by
demands for service.
Even in the largest
[See pamphlet report].
On the back of the cover of this report is a curve which
illustrates graphically the growth of the number of subscribers to the system from the beginning to the thirty-first
day of December, 1904. [See pamphlet report].
For the Directors,
four per cent collateral trust bonds to the
its
amount of $25,000,000.
The money required
for like purposes for the year 1905 is
provided by the sale, just consummated, of $35,000,000 four
per cent collateral trust bonds.
Appended hereto, as usual, are a series of comparative
statistics showing certain phases of the development of the
business of the Company and its associated companies: a
statement of the ledger balances of the Company as of Dec,
31, 1904; also a comparative statement of the earnings and
whether the great expense involved was justifiable, have expenses for the years 1903 and 1904 and copies of the reenabled our companies to bring the situation into such shape ports of the Committee on Tresurer's Accounts of May 26,
as to be able to render the amount and character of service Sept. 29, Nov. 33, 19D4, and March 4, 1905. [See pamphlet
that is now required of them. To-day there is no question report?]
There is also appended a map showing the toll lines of the
as to their foresight, and it is certain that the telephone
problem in the large cities, complicated and difficult as it Bell system throughout the United States, which gives an
indication of the extent to which tHe territory is occupied.
is, can be worked out satisfactorily, whatever may be the
however, not only the average
rate per station but the standard rates of the individual subscriber have been reduced from time to time as the conditions warranted, and this policy will be continued as circumstances permit.
cities,
In some places in the country, particularly where there
has been the demoralizing effect of unintelligent competiThe service
tion, the rates are at the present time too low.
rendered is worth substantially more than the users pay for
it, and the net return to the operating companies in those
particular localities is inadequate. In many such places the
rates have already been raised to the point of reasonable re
turn, with the goodwill and hearty co-operation of the community. There is no doubt that this process of readjustment
will continue as the public becomes satisfied that it is the
intention of our operating companies to increase rates only
where it is necessary and to reduce them as and when the
conditions of the business justify it. That such is the policy
of our companies will, it is believed, be recognized more
clearly from year to year.
But little need be added to what has been said in former
reports with reference to the effect of the operation of the
so-called independent telephone companies upon the interests of the Bell companies. The developments of the year
1904 have served only to confirm the view heretofore expressed, that their presence in the field in certain portions
of the country is not a matter of substantial disadvantage
to the interests of the Bell companies as a whole. In some
cases their competition, particularly in view of the rates at
which they undertook to supply service, and which they
themselves to a large extent now publicly acknowledge to
have been entirely inadequate, has undoubtedly operated as
an embarrassment to the logical progress of the business
and to that extent has interfered with its sound development, to the disadvantage, temporarily at least, of our interests, and clearly to the disadvantage of the public.
It
becomes more clear, however, every year that to enable the
Bell companies to meet successfully such competition as
may from time to time exist, it is only necessary for them
to prosecute their affairs intelligently and with due regard
to the public interest. The situation as a whole, so far as
this phase of the business is concerned, seems even more satisfactory than in forsaer years.
It is to be observed that in many instances even aggressive competition has not substantially affected the sound
application and development of the rates from time to time
established by our companies as fair to them and to the
public. The fact that your Company and its allied companies
constitute a national system extending throughout the country is each year more definitely recognized as entitling the
Bell system as a public utility to a position which cannot be
attained by rival organizations that are, relatively speaking,
largely local in character.
The number
of telephone companies organized to operate
independently of the Bell companies in rural districts and
relatively small centres of population and for the most part
in places not at the time having the Bell service, which
have concluded that is for their interest to become a part of
the Bell system, is constantly Increasing, and their course
in entering into contracts with the Bell companies whereby
they take our telephones and connect with toll lines of our
system is significant as showing the growing appreciation
of the value of the Bell service. Such contracts are clearly
for mutual advantage, as well as for the advantage of the
commuity served, and are to be encouraged in the interest
of sound telephone development wherever, by reason of the
establishment of such relations, it becomes unnecessary for
cur companies to duplicate an existing plant.
On the 3l8t day of December, 1902, as appears from the
admirable and complete bulletin of the Census Department
relating to the telephone and telegraph industry of the
United States, there were of the telephones classified as operated by independent companies, so-called, 84,021 which
were in fact Bell telephones used under contract with the
Bell companies and as part of the Bell system. This number has grown so that on the 1st of January, 1905, there
were, as above stated, 167,213 telephone stations of this class.
There is every reason to believe that this sub-license budness
of the Bell companies will increase from year to year to the
advantage of
concerned
The money required by the Company for the extension of
its long lines and for investment in its operating companies
for the year 1904 was obtained by the sale on favorable terms
of $20,000,000 five per cent coupon notes due May 1, 1907, and
FREDERICK
P.
FISH,
President.
TOLL LINES IN THE UNITED STATES OF THIS COMPANY AND
THE COMPANIES ASSOCIATED WITH IT.
Jan. 1,
1900.
89,292
501.832
Jan. 1,
1896.
Miles of Pole Lines. 52,873
MUesofWlre
215,687
EXCHANQKS OF THE BELL COMPANIES
927
686
Exohanffflfl
Branch Offices
Miles
1.
Jan. 1,
Jan. 1,
1904.
1905.
130,178
136,547
975,702 1,121,228
Jan. 1,
1903.
122,409
837,912
1,239
1,187
IX THE
1,514
1,861
UNITED STATES.
1,609;
2,131;
4,080
of Wire—
On
poles
touildlngs.
and
...
524,123 1,109,017 1,358,140 1,654,379
273,185
Underground.. 184,515 489,250 1,328,685 1,618,691 1,^88,760
Submarine
2,028
3,404
6,048
6,358
6,671
Total
459,728 1,016,777 2,443,750 2,983,189 3,549,810
422,620 742,654
798,901
930,251
Total Circuits
237,837
25,741
50,350
53,795
59,461
Total Employees... 11,930
632,946 1,277,983 1,525,167 1,799,633
Total Stations
281,695
2.
3.
Toll Connections.
The average number of daily
Or a total per year of about
toll
connections
300,998
96,921,000
is.
Exchange Connections.
The estimated number
of exchange connections daily In
the United States, made up from actual count in most
11,149,063
of the exchanges, is
Or a total per year of about
3,589,998,000
The number of daily calls per station varies in dlflFerent exchanges,
the average throughout the United States being 62io.
COMPARATIVE STATEMENT OP EARNINGS AND EXPENSES.
Earnings—
Dividends
Rental of Instruments
Telephone Traffic
Real Estate
1903.
$7,802,833
3,047,088
4,888,158
73,332
734,219
63
35
34
1904.
$8,400,301 18
3,438,fi05
54
92
$16,545,632 39
Interest
5,575,447 90
76,782 49
1,055,522 10
$18,546,659 21
15
Expenses—
$962,297 84
95,564 60
1,993,680 03
2,929,424 78
Expenses of AdmlnistratiO'ii
Legal Expenses ..
Interest and Taxes
Telephone Traffic
$1,103,492
83,530
2.670,083
3,413,850
95
42
61
48
$5,980,967 30
$7,270,957 46
Net Revenue
Dividends paid
$10,564,665 09
8,619,150 75
$11,275,701 75
Balance
$1,945,514 34
$728,139 97
1,217,374 37
$1,476,584 25
$586,149 20
890,435 05
$1,945,514 34
$1,476,584 25
Carried to Reserve
Carried to Surplus
LEDGER BALANCES DECEMBER
Construction,
9,799,117 50
31, 19C4.
Debtors
Equipment and Supplies
$30,989,710
7,301,689
2,2s2,943
138,684,248
219,834
48,127
12,192,673
35,110,048
22,110.400
25,000,000
Telephones
Real Estate
Stocks and Bonds
Patent Account
Machinery and Tools
Cash and Deposits
Bills and Accounts Receivable
American Bell Telephone Co
Old Colony Trust Co., Trustee
$273,819,672
Total
Creditoes—
$158,661,800
5,«01.099
28,000.000
Capital Stock
Surplus
Bonds
Bonds (CjUateral)
25,oijo.000
20,000,000
Notes
Reserves.^
•Accounts Payable
Contingent
8,72t>,615
9,184,943
18,645,210
$273,819,672
Total
all
' Of this amount, $2,959,906 50 Is for the dividends payable .Tanuary
15, 1905, to stockholders of record December 31, 1904.
WM.
R.
DRIVER,
Treaburer.
THE CHRONICLE.
1182
OFFICIAL
[Vol. lxxx.
THE PROVIDENT LOAN SOCIETY OF NEW YORK.
STATEMENT TO THE NEW YORK STOCK EXCHANGE IN CONNECTION WITH
FOUR AND ONE-HALF PER CENT BONDS OF
New York,
March
15, 1905.
of New York herewith makes
application for the listing of $1,000,000 additional Four and
One-Ha.f per Cent Bonds of 1921: Nos. 898 to 900, Nos, 905
194 to
to 1,800 for $1,000 each; No.
300, Nos.
94, Nos
30G to
375 to
373, Nos.
400, for $500 each.
The proceeds of the sale of these bonds has been used in providing additional capital for the needs of the Society's work.
This Society was incorporated under a Special Act of the
Legislature of New York State in 1894, and has been in
operation in New York City since May 21, 1894. It is managed by a Board of fifteen Trustees, five being elected each
year at the annual meeting of the members of the Society.
The members are the incorporators and those associated with
them April 25,1894; the holders of Certificates of Contri
bution amounting to not less than $500, elected under Article III. of the Constitution; certain officials of the City of
New York, and officers of certain charitable societies. There
were 99 members on March 1, 1905.
The Constitution contains the provision that no member
or Trustee of the Society shall receive any compensation for
his services or any profit other than lawful interest on money
loaned to it.
The objects of the Society are to aid such persons as it
shall deem in need of pecuniary assistance by loans of money
at interest upon the pledge or mortgage of personal prop-
The Provident Loan Society
A
A
erty.
It
A
A
A
began business on May
A
A
21, 1894.
The
capital of the Society consists of $1,000,000, represented by Certificates of Contribution, issued at par and
accrued interest for cash, on which semi-annual interest at
annum has been paid since organization.
These Certificates are registered by the New York Trust
Company. The Society has accumulated also a surplus
which on February 28, 1905, was $309,019 12, These capital
funds have been used in loans upon personal property at less
than its appraised value. The accounts have been audited
annually by independent accountants.
The bonds for which application to list is made bear Four
and One-half Per Cent interest, payable in gold semi-annually, March 1 and September 1, at the executive office of the
Society in New York, They are coupon bonds in denominations of $500 and $1 000, with a provision for registration of
principal. The date of issue is September 1, 1901, Principal
is payable in gold September 1, 1921, at the office of the Society in the City of New York, subject, however, to redemption at the option of the Society at 1023^ and accrued interest on or after September 1, 1906, on three months' previous
notice by publication once a month in one or more newspapers of general circulation in the City of New York. The
principal and interest are payable without any deduction for
any taxes now or hereafter levied by the United States, or by
any State, County or Municipal authority ,which the Society
may be required to deduct therefrom.
In accordance with the resolution of the Board of Trustees authorizing this issue of bonds, the amount of bonds of
the Society at any time outstanding shall not be in excess
LISTING OF
1921.
unless as security for the bonds of this series and of series subsequently authorized and issued.
If default shall be made in the payment of the interest on any of
said bonds the principal hereof shall become immediately due at the
option of the holder. The principal and Interest of this bond are payable without any deduction for any taxes now or hereafter levied by
the United States, or by any State, County or Municipal authority,
which the said Society may be required to deduct therefrom, the
Society hereby agreeing t j pay the same.
The Society reserves the right to redeem this bond at 102 ^a and
accrued interest at any time on or after September 1, 1906. on three
months' previous notice of its intention so to do, to be given by publication once a month in one or more newspapers of general circulation in the City of New York. This bond shall pass by delivery, unless
registered in the name of the owner on the books of the Society. After
a registration of ownership, certified hereon by the Transfer Agent or
ofl3cer of the Society, no transfer, except on the books of the Society,
shall be valid unless the last preceding transfer shall have been to
bearer, which shall restore transferability by delivery, but this bond
shall continue subject to successive registrations and transfers to
bearer as aforesaid, at the option of each holder, but such registration shall not affect the negotiability of the coupons attached hereto.
This bond shall not be valid unless authenticated by the Certificate of
the Continental Trust Company of the City of New York indorsed
hereon. In witness whereof The Provident Loan Society of New York
has caused its corporatejseal to be hereunto aflixedand attested by its
Secretary.Jand this bond to be signed by its President, this first day of
September, 1901.
The Pbovidknt Loan Society of New Yobk.
Attest:
,
Secretary.
,
PresidmU
STATEMENT OF ISSUANCE OF FOUR AND ONE-HALF PER
CENT GOLD BONDS OF 1921.
To provide loanable funds In addition to $1,000,000 represented by Certificates of Contribution and accumulated
surplus of $309,019 12
$1,940,000
For purchase of property and erection of building for Williamsburg otfioe
60,000
Six Per Cent per
of four times the amount of the Certificates of Contribution
of the Society then outstanding.
There are at present
$1,000,000 Certificates of Contribution outstanding, and the
amount of bonds which may be issued is, therefore, at present limited to $4,000,000, The amount of bonds covered by
this application forms part of a series limited to $i,000,000,
of which $1,000,000 have heretofore been listed on the New
York Stock Exchange. Should any further amount of bonds
be issued, such additional issue would require designation as
being of another series of bonds, unless the present series is
called and redeemed.
The series of which these bonds are a part consists of 1,800
bonds for $1,000 each, numbered from 1 to 1,800, both inclusive, and of 400 bonds for $500 each, numbered from Al to
A400, both inclusive, making in all $2,000,000, They are
authenticated by certificate of the New York Trust Company,
or by the New York Security
Trust Company, or the Continental Trust Company, of the City of New York the New
York Trust Company having succeeded to the said other
&
—
companies.
The form
of the bond is as follows :
United States of America, State of
Bonds
listed
on
New York
This application to
Stock Exchange
$1,0J0,000
1,000,000
$2,000,000
list
The financial condition of the Society as of Feb, 28, 1905, is
shown by the following statement:
INCOME ACCOUNT JAN, 1, 1905, TO FEB. 28, 1905, INCLUSIVE.
Gross receipts
Expenditures
$58,017
17, 901
$40,115
23.193
$16,923
Net receipts.
Interest on funds employed.
Surplus for two months
-
BALANCE SHEET FEBRUARY
27
59
63
12
50
28, 1905.
Assets Cash in offices and on deposit in banks and trust com-
$230,^23 68
panies
Loans on pledge of diamonds, gold and silver jewelry,
2,850,966 00
153,971 90
6,600 00
silverware, clothing, furs, etc
Interest accrued on outstanding loans
tDisoount on $220,000 P. L. 8. bonds sold
Real Estate— Paid on account of purchase price of property for Williamsburg oflice
1,000 00
$3,243.0t)l 58
Liabilities-""
"$1,850,000 00
1,030,000 00
51,647 50
Four and One-Half Per Cent Gold Bonds
Certificates of Contribution
Interest accrued on funds employed
[Jnolaimed surplus due pledgers, arising
sales
Profit and Loss Surplus—
Ba'anoe January 1, 1905
Accrued per February 28, 1905
•Since
been
from auction
32,394 96
.$292,096 56
16,922 55
309,019 12
$3,243,061 58
March 1, 1905, gold bonds to the amount of $150,000 have
makinK the amount outstanding $2,000,000.
sold,
tTobe charged
off
against Profit and Loss Surplus at end of flscal
year.
The
Officers, Trustees and Offices are as follows
Officers.— Robert W, de Forest, President; Frank Tucker,
James
Vice-President
Mortimer L. Schiff Secretary
Speyer, Treasurer; Max G. Hopf, Assistant to the Treasurer.
Trustees.— George F. Baker, Otto T. Bannard, Charles F.
Cox, John D. Crimmins, Robert W, de Forest, David H:
Greer, John S. Kennedy, V, Everit Macy, D. O. Mills, Percy
A. Rockefeller, Mortimer L. Schiff, William Sloane, James
:
;
Speyer. J,
;
,
Kennedy Tod, Cornelius Vanderbilt.
Executive Office, —United Charities Bldg,, 105 E. 22d St.
Loan Offices,— Fourth Avenue Office, 279 Fourth Avenue;
West FortyEldridge Street Office, 186 Eldridge Street
East One Hunsecond Street Office, 119 West 42d Street
dred and Twenty-fifth Street Office, 105 East 125tli Street
Herewith is submitted Certificate of New York Trust
Company as to bonds signed and issued,
;
New York.
THE PKOVIDENT LOAN 80JIETY OF NEW YORK.
$1,000.
$2,000,000
No
$1,000.
Twenty- Year Four and One Half per Cent Gold Bond.
Principal payable September 1, 1921.
Interest payable semi annually, March 1 and September 1.
For value received, The Provltent Loan Society of New York
f>romlpes to pay to the bearer or registered owner hereof at its olllce,
n the City of ^ew York, on the tlrst daj of September, 1921, $1,000
In gold coin of the United States, of or equivalent to the present standard of welglit and fineness, and, on presentation and surrender of
the annexed coupons as they shall severally become due, to pay Interest on said principal suui at the rate of Four and One-Half per
Cent per annum, in like gold coin, semi annually on the first days of
March and Septembeiin each year, at the sal otllce, until such principal sum shall be paid. This l>r)nd is one of a series of bonds limited
In the aggregate to $^,000,000. Tlie total a'uount of bonds of the
Society at any time outstanding shall not be in excess of four times
the amount of the Certlflcaies of Contribution of the Society then outBtandmg.
The Society herebv agrees with the holder of this bond that it will
not execute any mortgage on any real estate at any lime owned by It,
I
;
THE PROVIDENT LOAN SOCIETY OF NEW YORK.
Frank Tucker,
VicePreaident.
The Committee on Stock Lists recomniendei that the abovemeutioned $1,000,000 additional Four and One-half per Cent
Coupon Bonds of 1921, Nos. 898 to 900, inclusive; Nos. 905 to
1800, inclusive^ for $1,000 each, and No, A 94, Nos. A 194 to
A 300, inclusive; Nos A 306 to A 373, inclusive, and Nos.
A 375 to A 4C0, inclusive, for $500 each, be added to the
amount now on the list, making the total amount listed to
date $2,000,000; Nos, 1 to 1800, inclusive, for $1,000 each, and
Nos,
Al
to
A 400
for $500 each.
Adopted by the Ooverntng Committee March
22, 1935,
Mar.
THE CHRONICLE.
25, 1905.
standard Rope & Twloe Co.— i'^oredosure.— Foreclosure
proceedings having been commenced under the first mortgage, the Bache protective committee notifies all income
bondholders and stockholders who desire to preserve their
equity to deposit their holdings with the Colonial Trust Co.,
No. 222 Broadway, New York, on or before April 1.
The first mortgage bondholders' protective committee,
Alvin W. Krech, Chairman, now represent a majority of the
outstanding issue, and, in view of the foreclosure proceedings
instituted by the trustees, urge the holders to deposit the
same forthwith with the Equitable Trust Co. of New York.
Ilb3
COMMERCIAL EPITOME
Friday Night, March
24, 1905.
A general tone of
confidence has dominated most markets
and there has been a slight hardening in values for
many lines of merchandise. Climatic conditions have
been favorable, promijing an early spring season, and
—V. 80, p. 1115, 874.
effect upon the distributhave had a stimulating
Tennessee Coal, Iron & RR. Co.— Common Stock Divi- ing trade, dealers and jobbers as a rule experiencing
denda Resumed.— IhQ directors on Tuesday declared a a fairly satisfactory run of orders from the retail trade. Requarterly dividend of 1 p. c. on the |82, 552,800 common ports from the iron and steel trades have continued to report
stock payable May 1 to holders of record April 10. This is business as active, there being free buying of iron for early
the first dividend dealared on the common stock since Nov., delivery. The fact that normal conditions have been reThe common stock in 1887 received 1 p. c; in 1900, stored in railroad freight transportation has had a stimulat1900.
V. 80, p. 1063,1001.
ing inflaenoe upon business. The information from the inte6p.
climatic conditions favorable for the grow—Increase of Stock.—This rior has reported
Toledo (Ohio) Coal & Clay Co
ing crops and for satisfactory progress with spring farm
Ohio incorporation has increased its stock from 1350,000 to
work and seeding.
$500,COO, of which one-half ($250,000) is 6 p. c. preferred; now
Lard on the spot has been quiet, only a jobbing business
outstanding $217,0C0 each of common and preferred; par of
being transacted. Offarings have increased, and there has
shares $100, Company owns coal rights on 1,683 acres. A
been a slightly easier turn to prices. Toe close was firmer at
c—
mortgage for $350,000 was made last August, but $233,000 of
the bonds were subsequently deliverd to the trustee for
cancellation; of the remaining $117,000, $87,000 are outstanding, being gold 6 per cents of $500 each, due July 1,
An exchange says
1919, but subject to call at 105.
The new capitalization will provide for a numbar of large improve:
ments. The company owdb coal rights on 2,000 [1,683] acres of land at
Bird's Kan, Glaernsey Oounty, Ohio, and has been operating a coal
mine since Sept. 3, 1903, with a dally output of 16 oars. The company owns some rich deposits of shale and Are clay, and will erect a
brick and sewer pipe plant to take care of the by-product. The plant
win have a capacity of 30,000 bricks per day. President, Ohas. G.
Hart; Secretary, C. O. Miniger; Treasurer, H. M. Cook. Compare V.
79, p. 632.
prime Western and 6 75o. for prime City. The defor refined lard has continued slow. The close was
firmer at 7'35c. for refined for the Continent. Speculation
in lard for future delivery has been moderately active. Under profit-taking sales by packers prices yielded slightly
during the latter part of the week. The close was firmer on
limited receipts of swine,
DAIbT GI OSiaa PBUOBS OF LABD rUTUBBS IH OKIOAOO.
Sat.
MoH.
tuet.
Wtd.
Thurg
S'ri.
7*30c. for
mand
May
del'y.
Jnlydel'y
712i«
725
7-15
7'80
7-12ifl
7-10
7'27i3
7-22i«
7-07i«
7-23i2
7-12i«
7-27i«
Pork has had a fair sale, both jobbers and exporters being
Toledo United Breweries Co.— Consolidation. —Bonds buyers, closing slightly higher at $13 37>^@i3 75 for mess and
Offered.— The Ohio Savings Bank & Trust Co. of Cleveland $14 50@15 for family. Damand for out meats has been quiet
offered this week, at par, $1,000,000 6 p. c, first mortgage 25- but prices have been steady at 6c. for pickled shoulders, 8^@
year sinking fund gold bonds of this proposed consoltdatioa, 9c. for pickled hams and 7@73^c. for pickled bellies, 14@
a bonus of 50 p. c. in stock being given with each bond. An 10-lbs. average. Beef has had a fair jobbing sale at steady
prices, closing at $9 50@10 for mess, $10 50 for packet, |11@12
advertisement save:
The merger of [three] Toledo breweries has been accomplished, with for family and $16 50@17 for extra India mess in tcs. Talthe provision for taking on a fourth. The actual issue of bonds and low has been quiet and slightly easier, closing at 43^@45^o.
stock will equal only such sum as will show an earning capacity of 6 Stearines have been firmer at 7J^@7%o. for lard steariae and
p, 0. net on the bonds and stock Issued, based on the average annual
Cotton seed oil has been in moder7J^c. for oleo stearlne.
profits for the three years as determined by Barrow, Wade, Guthrie &
steady for prime yellow.
Butter
Co., but in no event will the bonds exceed $^,000,000, and the aggre- ate demand, closing
gate common and preferred stock $?,0D0,000. The average ar.nual has been in limited supply and firmer for choice grades,
net prottte per annum of the Huebner. the Grasser & Brand, the Fin- closing at 20@283^c. for creamery.
Cheese has been steady
lay and the Buckeye breweries, from Jan. 1, 1902, to Jan. 1, 1905, Is
at 10J^@14c. for State factory, full cream. Fresh eggs have
$356,558.
been in full supply, but prices have been firmer, closing at
Trackee River General Electric Co., San Francisco.- 173^@18c, for best Western.
New Stock, The shareholders on March 11 voted to increase
Brazil grades of coffee have been in improving demand,
the capital stock from $3,600,000 to $3,000,000; par value of the general report being of Increasing interest shown by the
shares, |50 each. The company is paying dividends monthlv consuming trade as a buyer. There has been a better underat the rate of $1 20 per year per share. The new stock, it is t me to the market. The close was steady at 7J^o. for Rio
said, will be issued in conneotion with the construction of a No. 7 and
West India growths have
8J^o. for Santos No. 4.
second generating plant (capacity 1,500 k.w.) which is to be had a slightly better sale and at steady prices, cloaing at
in operation next October.- V. 80, p. 476.
9@9)'4C. for good Cucuta and 103^@10J^c. for good average
United Shoe Machinery Co.— CaWed Bonds.— Tae Ameri- Bogota. Speculation in the market for contracts has been
Prices have advanced on stronger
can Loan & Trust Co. of Boston will pay on presentation the moderately active.
remaining two hundred and eighty-six of the 6 p. c. sinking European and Brazilian advices and an improving trade
fund debenture gold bonds ($143,000) issued in 1898 by the demand. The close was quiet but steady.
The following were the closing asked prices :
International Goodyear Shoe Co., which have been drawn
6*700. Nov
6'903.
6"30o. Aug
for payment at 105 and Interest, interest ceasing April 10, March......
May
7'OOc.
6-80C. Deo
6-45e. Sept
1905.—V. 79, p. 969.
6-600. Oct
July
6"85c. Jan
7050.
—
United States Watch Co., Waltham, Mass.— See Keystone
Raw sugars have been in slow demand and prices have deCo. above.—V. 72, p. 1088.
clined to 4 27-82C. for centrifugal, 98-deg. tesi, and 43^c. for
Westchester (N. Y.) Racing Association.— Jlfor/gag'e.-A Muscovado, 89-deg. teat. Rafined sugar has been dull and
5
mortgage has been made to the Title Guarantee & Trust Co. unchanged at "85 3. for granulated. Teas have sold at lower
prices for Japan grades, but closed steady. Spices have been
of New York, trustee, upon the new race track, etc., at
steady.
Belmont Park, Qieens, L. I.
Kentucky tobacco has continued to be firmly held, but
This mortgage secures $400,000 5 p. o. bonds of $5,000 each, due In
1910, but subject to call $50,000 Aug. 1, 1906; $50,000 Aug. 1, 1907, business has baen limited. Seed-leaf tobacco has tieen firm.
and remainder Feb. 1, 1908. See page 5 of "Engineering Nowe" of The feature has been a more active demand for Florida SuFeb. 23 for description of property. Capital stock, $1,200,000. Presi- matra, induced by reports of inferior quality and high cost
Watch Case
Samuel B. Lawrence.
August Belmont
Ofl^ioe,
No.
Western Telephone & Telegrraph Co.— iJepor^—The
re-
dent,
28 Nassau
is
a director.
St.
sults for the years ending Jan. 31 were
lean—
Net receipts.
Int., taxes, etc.
1903-04
$1,408,215
$533,l:i4
190203
1,238,222
538,590
-V. 78, p. 1220.
:
Pref. div.
Bal., sur.
$800,000
640,000
$75,091
59,632
—In the April number of '-Scribner's Magazine" Frank A.
Vanderlip of the City Bank in his article on the political
problems of Earope discusses the insurance question as it
affects policy-holders.
He refers to the economy of the administration of insurance in Garmany so that over 91 per
cent of the income is paid in benefits to the insured.
—Subscriptions for the 100,000 shares of the treasury stock
of the Greene Gold-Silver Co. will be received at the com
pany's office, 24 Broad St. See particulars in advertisement
on another page and the fuller advertisement in our last issue.
—King, Hodenpyl & Company announce that they will
open today (March 25) a branch office on the seventeenth
fljor of the new First National Bank Building, Chicago, with
Mr. Bruce Clark as manager.
of the foreign Sumatra tobacco being offered at the inscriptions at Amsterdam. Other business has included limited
sales of 1903 crop Pennsylvania broad leaf and 1902 and 1903
crops Wisconsin Havana seed binders. Havana tobacco has
been held for higher prices and closed firm.
Prices for Straits tin advanced early In the week, but
turned weaker at the close, owing to a dull trade and following London. Prices quoted were 29'50@29"75c!. logot copper
has been quiet and there has been some pressure to sell forward deliveries, closing at 15J|'@15J^o. for Lake and 15i.^@
15i^c, for electrolytic.
Lead has held steady at 4'60@460c.
Spelter has been quiet and easier, closing ae 6 00@6'l(Jc. Pig
iron has been in good demand and firm at $17 50@17 75 for
No. 2 Northern and $17 25@17 50 for No. 2 Southern.
Refined petroleum for export has been lees active and
closed lower at 7 15c. in bbls., 9'85c. in cases and 4'25c. in
bulk. Naphtha has been steady at llj^c. for 71 decrees and
Credit balances have been unchanged,
12c. tor 76 degrees.
closing easy at r89c.
Spirits turpentine has been fairly
active and prices have advanced, closing at 57J^(g573^c. for
machine bbls. Rosins have been In scnall supply and steady
at $3 for common and good strained.
Hops have been
easier.
Wool has been steady,
THE CHRONICLE.
11I!IS4
COTTON.
Fbiday Night, March 24, 1905.
as indicated by our telegrame
from the South to-night is given below. For the week ending
The Movement of the Cbop
evecing the total receipts have reached 174,381 bales,
against 139,662 bales last week and 143,666 balea the previous
week, making the total raoeipts* since the Ist of Sept., 1904,
7,506,528 bales, against 6,645,484 bales for the same period of
1908-4, showing: an increase since Sept. 1, 1904, of 861,044 bales,
^VOL. LXXX.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for our special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
We
this
BeceipU at—
Sat.
1
Wtd.
Tue«.
Xoti.
459
233
9,695
3,156
5,530
4,304
3,003
• •>«•
8,406
204
306
238
376
.....
964
871
2,016
3,202
4,813
New Orleans...
5,449
9,981
8,963 13,620
722
869
Pensaeola, Ac.
Savannah......
4,581
Brunsw'k, <fee
Oharleaton
855
707
1,784
1,240
1,537
Wilmington,...
Wasb'ton.&o.
Rorfolk
2,120
2,833
2,517
968
484
1,963
5
6,542
14.225
388
388
N'p'tNew«,*e.
New York.
50
50
717
300
1,984
215
Boston.........
1,928
Baltimore
25
176
25
125
Phlladelp'a, *o
6,S05
1,981
1.985
1,660
Tot. this week. 19,190 87,169 81,269 28,990 23,288 34,485 174,331
The following shows the week's total receipts, the total since
and the stocks to-night, compared with last year.
Septi 1, 1904,
1903-04.
1904-05.
Beeeiptt to
Meh. 24
This
I
voeek.
Thii
Since Sep.
1, 1904.
Stock.
Since Sep.
1, 1903.
toeek.
1904.
1905.
165.418
829.773
10,331
46,137
9.047
15,062
49.S89
7,090
7,584
13,672
6,045
35.184
42,511 2.137,740 17,081 2,242,288
6,404 180,"60
413
93,985
New Orleans 54,759 2,082,894 22,904 1,807,630
8,3441 256,177
MohUe
189,592
1,451
P'saeola, dsc. 10,228
154,897
113 126,180
Bavannah... 23,880 l,373,e05
7,687 1,074,391
968 163,148
Br'wlok, &c.
241 120,352
186.191
1,963
Charleston..
810 150,283
856
5
1.068
P. Boyal, &o.
Wilmington.
6,542 290,647
1,395 320,525
122
Wash'n, &c.
336
Korfolk
14,225 583,744
8,514 433,564
9,868
592
N'portN.,&o
S88
16,501
22.314
50
500
New York.
7.547
59,189
1,505
19,804
Boston
6,805
903
Baltimore.
40,797
24,148
1,984
333
175
10.879
12,290
PMlaclel.&o.
26,064
254,973
83.128
aalveston...
9,661
Pt. Ar.,«fec,
99
96,581
28,000
3,872
2,545
655,108
174.331 7,506,528! 64,442 6,645,4841
Totals
107
70.401
8,189
5,869
2,929
576.042
In order that a comparison may be made with other years,
we give below the totals at leading ports for sis seasons.
Bece.iptt
at—
Oalves'n,
1904.
1903.
1902.
48,915
64,759
8,344
23,980
17,494
22,904
26,763
36,186
2,313
17,812
1,9 8
810
445
667
1.896
8,514
1,383
4,419
1,586
6,270
1901.
1900.
20,714
27,269
35,737
38,321
186
227
8,068
16,299
1,476
388
532
216
929
20,210
3,595
7,609
11,489
83
7,691
13.326
29,647
2,€91
15,831
3,088
1,947
2.995
37
10,957
wk. 174,331
64,442
97,046
77,178
106,001
80,579
&.G.
New
Orleans
Mobile... „„
Savannah...
Ohas'ton, &o.
Wilm'ton, ifec
Norfolk
N. News, &c.
All others...
Tot. this
1905.
1,451
7.687
6,542
14,225
981
5,178
Since Sept, 1 7608.528 6645,494 6915,225 6812,370 6394,283 595«,215
The exports for the week ending this evening reach a total
of 118,001 bales, of which 49,987 were to Great Britain, 7,412
to France and 60,602 to the rest of the Continent, Below
are tha orporta for the week and since Sept. 1, 1904,
Week Minding Mch. 24 .190S.
Bxvorted to—
Moaportt
from—
Oreat
Brit'n.
Fremce
aalTeston.... 26,164
PUArthuT. 4c. ••••••
New Orleao*.. 14.617
Mobile
7.091
23,5;8
45
8.026
88,003
e.i'i'i
9,744
11,364
9.799
14,t90
1.
1901. to
Mch
.
21.
1906
Exported to—
Great
1
rtritain.
J^anc(
968,409 202,3J2
761.670 2S;.718
4-',f0l 33.769
62,6(39 19.629
287,435 47,76&
Oont4nent.
Total.
608.660 1,672 351
84,502
Ti),787
658.914 1,708.297
63,48S
135,218
60,808
148808
724,708 l,0»»,Hb8
Ui,3i7
6,94 B
129,283
....
8,379
69.172
78.851
.....
108,850
....
Otaarletton...
Port Boyal....
4,888
Boston
Baltimore
Total
Total, 1008-04.
4
68,466
74,5 (f2
1,100
61
2,200
20,700
10,100
61
2.200
20.700
6,900
9,600
186,507
00,856
88.037
16,011
30,928
14,484
63.501
26,305
Total 1905..
56,742 22,650 52,013 37,161 24,923 192,479
462,629
Total 1904..
Total 1903..
82.493 14,896 9,733 15,836 10.697 83,166
51.708 13,682 31,326 25,064 11,460 133,130
492,887
888,898
..
s'900
6,500
600 1,800
700
8,000
Speculation in cotton for future delivery has been on a
limited scale only, and there has been an easier turn to prices.
The advices received from the South indicate a lull in the
demand for actual cotton. It is understood that at the last
advance in prices exporters and domestic spinners purchased
a considerable supply of cotton sufficient to cover their current wants, and they, therefore, during the past few days
have been reported to be showing indifference as buyers.
There has been no pressure from the South to sell supplies,
but the fact that the demand had baited has operated against
the market. The Census report which, it is understood, will
show the total amount of cotton ginned from the present
crop will be issued on Tuesday of next week. The ideas of
many of the trade are that figures will be in the neighborhood of 13,500,000 bales, and there has been some bear pressure upon the market discounting such a report. Another
factor that has had some influence against values has been
an improvement in the weather at the South, climatic conditions being reported favorable for rapid progress with
preparations for the new crop. To-day there was a tame
market and under limited selling prices yielded a few points.
The close was quiet, with prices unchanged to 4 points lower
for the day. Cotton on the spot has been easier, closing at
8'15c. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
0. 1-30 on Good Middling Tinged .c.
Even
0-96 on Strict MiddliDg Tinged.... 0-06 off
Middling Fair
0*62 on Middling Tinged
Strict Good Middling
.....0'12off
0*44 on Strict Low Mid. Tinged ... 0-34 off
Good Middling
0-14 off Low Middling Tinged..... 0-60 off
Strict Low Middling
0-38 off Strict Good Ord. Tinged .. 0-84 off
Low Middling
0'50 off
Strict Good Ordinary
072 off Middling Stained
1-00 off Strict Low Mid. Stained... 106 off
Good Ordinary
0-30 on Low Middling Stained..... 1-60 off
Strict Good Mid. Tinged..
On this basis the official prices for a few of the grades for
the past week— Mch. 18 to Mch. 24— would be as follows.
.
UPLANDS.
<^att.
Mon Toes Wed TM.
7-20
7-30
Low Middling
7 -8 a
Middling
8-30
Middling Fair
820
.*-64
916
792
GULP.
Sat.
Mon Tues Wed
6K>od Ordinary
.....^^...^
Good Middling
Good Ordinary.................
745
Low Middling
S'C7
845
Middling
GK)od Middling
Middling Fair:
8-89
9-41
STAINED.
Sat.
Low Middling....
670
Afiddllng
Strict Low Middling Tinged...
7-70
7-86
8-iO
7-15
7-77
7-25
7-87
8-25
8-69
9-21
8-74
9-26
7-55
R-17
815 815
a-59
8-50
911
7-40
8-02
8-40
8'84
9-36
8-12
a-94
9-48
9-61
8-59
911
750
8-55
8 99
mon Tnes Wed
6-80
7(50
7-96
8-80
7-15
7-77
6-75
7-75
7-91
6-65
765
781
Frl.
7-15
7-77
8"15
a-59
9-11
Tb. Frl.
7-40
802
8-40
8-84
7-40
8-02
8*40
a-64
9-36
936
Tk. Frl.
6-65
7-65
7-81
6-65
7-65
7-81
8-15
826 8-16 8 15
Good Middling Tinged
quotations for middling upland at New York on
The
Mch. 24 for each of the past 32 years have been as follows.
1905. ...0. 8-15
14-60
1904.
1016
1903
1897. ...0. 75i6
1889....0.10ifl
1888
9i5ie
1881....0.10\
13i«
1880
lOie
1879
1878
9Sie
lO's
1902
7»,6
8'e
8*8
11%
8iB,e
115,8
1877
1901
1876
6%
1900
9''e
136ie
113,e
160$
lOifl
1875
9
1899
e6ia
16<i8
1874
1882......123,«
6ii6
1898
H7ie
NoTB.— On Oot. 1, 1874, grades of cotton as quoted were changed.
According to the new clasBlticatlon Middling was on that day quoted
%o. lower Chan Middling of the old clasaiUcatlon.
MARKET AND SALES.
The total sales of cotton on the spot each day during the
week are indicated in the following statement. For the
1896
1895
1894
1893
1892
1891
1890
7''8
65ifl
lOk
1887
1886
1885
1884
1883
convenience of tlie reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
271,867
7,717
81.383
18.892
67
13,080
10!)
1,212
a.788
8.010
236 288
19,242
162.222
11.9.5.1
116,782
122,867
4,124
881H4
lC9,'/0i
2.867
989
8,'^e7
••••••
49,9H7
7,iia
«l.»bl
160
110.804
lUO
300
79
PhUadelpbU..
flan Fran.. Ac,
\&9.045
3,66
06
1
N»w York
•
18,61(1
Ac.
atook.
Total.
.......
WIlmlnKton..
Norfolk.
N'port N..
s'j.ass
Sept.
56.2-5'
6.428
Paniaools.fto.
eaTannah
Bmniiwlok
Conti- Zotal
Wtek.
nent.
from
many.
Other CoastFor'gn wise.
868
968
9,647
6,042
Qer-
20,307 3,765 16,426 27,964
25,035 18,886 21.787 8,487
9,000
Charleston...
Mobile
Norfolk
New York....
Other ports .
678
9,418
5
1.026
Orleans.
42.511
6,404
54,759
3,344
10,228
23,980
383
533
8,643
—
New
OalvestoB
Savannah..
Totai.
7,971
6,404
8,199
5,624
Pt. Royal, «ke.
Leaving
Great
Britain Fr'nce
FH.
Tkurg,
Galveston
Pt.Artlmx,&c
Mobile
OM SmPBOABD, NOT OLEARBD FOB—
Meh. 24 at-
269
803
73 400
bfiai
5.531
3^,821
8
79t»
169,94l>
36.680
169.946
oo.eoa 118.001 a,b27.7e8 681,0«2 a,71i),9«5 6,17«,086
4S.25T
66,S»H 8.080.180 649.801) 3.«43,H84 8.178 j873
Spot Market
Olosbd,
yolet. Saturday
Monday... Unlet. 1 Opts. ad.
Tuesday . Qalet. 5 pt,H. do.
Wednesday Quiet. 10 pts. do.
Thursday.. tjai)!ir,
JTrday
Quiet,
Futures
Market
Olosbd.
8ALK8 OF Spot
<fe
Oontbaot.
Ex-
Con-
Con-
port.
tump.
tract.
Total.
"Steady
800
2,600
1,829
300
200
113
512
200
854 3.900
4.754
Very steady.
2,600
500
20
>*•
*••
Steady
steady
Steady
118
212
600
>
:iteady
,_,,
Total
Mar.
THE CHRONICLE.
25, 1905.1
1185
At the Interior Towns
movement — that
the
week and
the
Is
since Sept. 1, the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1903-04 is set out in detail below.
receipts for the
—
goo
OOWZgOQtdODHj-cd
'o
oD 3} a>
•i>j
ooea
•4-4
06^
ocb
1^00
•aoa
"J
MA
S
!
<t<t
I
00
«D
I
00
'
oe
«J^
^«3
«3<1
<I
00 Od
CT.M
«jos
cxco
IS
-JOi
oen
€)
I
osos
au
to
toco
— ts
a
00*4
dob
OCD
I
eoob
one
*?*?
6l
co'-a
cocn
(9
©
I
I
deb
MOO
1
®
I
ao«3
COCO
-3<1
OBob
obob
•a CO
oo
®
I
cibco
VitO
•a -4
•4<4
•400
I
I
«a«4
-4-4
2l
•J -J
o
I
00
to
00 oo
03 00
S
<i-a
-a -a
-i-a
I
s
!
I
I
S
O bS
S
-a-a
-ao
-a 00
CD 05
•a 00
CO
-a -a
to -a
•4-4
-4-4
-4
-4
do -4
S
i
-4
I
2\
I
-aM
I
S
I
I
I
S
-a«a
•
•
»a-a
I
-4
-4
-4
I
lU
S
S
I
s
»a-a
-4-4
I
S
-a-a
dd
I
I
CO
w
oo
S
I
2
I
S
I
s
'
coo
S
-a-a
COO)
OiOi
aoC3<
to
s
S
CO
®
d«a
00^
M
-a-a
I
.jH-lf^MtO
COM
&3
Ml-i
if^-ao5toa)-4t3C3onh--ato
S
|f>.WC;<a>l-'OOI^C»50DC-<lCOaOOlW0500l^OOKil-'c-ftOt)lOlCCti,K)OC;fJ>tS<SQO
tSCB*'<lWl-'»-'Ot«;UlQOOS-~lQOh-'t-H'05COOC05if^CDI-'|^.05COOWW)-'0&S
to
to
-a to to
M CO to M OS M
MOO
t-"
to
I
*^toei3to»
c;>0'i-'i*kt0'^H-oa*>.M'
Ki^boi->uii->o<>->toi^coa5i^)^OCi:i(>-oiF>t:^cx>osuito^Maif^c>:i^co:
ie--aif'050i-'ei3-aeo»-KJcoi»oicnQCH'>-itocn
00 CD
OUIOVtOVO-JOl^CCOCKlf^COaOSlf^COh'tSOSOIIi^CCH'OCOUlO^Cd.
S
.4<l
"4-4
-a-a
OB -4
03 0)
cocn
•4-4
^-a
00
MtOOSHtO CrtMCCO
K^
OS
wto<>tow<i«
w^ os^owtocowpsH-'Wto W h- M to QopK)ptnw-atJO<i_^c;i
CO <1
H- <)^"b<
MW
V O" CO"co'ooO'w'tO tS COVlo CO^VOO
^5 0l05COOJoroM^^oo-'0>^-*>l-'^-to^f»•co-aeoo;-OD005«05lf>•|y^«^050
Ml
COCO
Old
CDO
fe9
I
S
I
-4d
HCO
05
to
s
I
-a-a
•4^4
dd
00 09
#kO<
dd
I^O<
-a-a
-a-a
-a-a
I
S
-a-a
0105
It'
OS
,
s
-a-4
^1
w
tow
-a-a
CD -a
s
Id
-a-j
MW on
HW
05
'
-a-a
o'lf^^' "(P'*' Co'tf^lo
01
M M
to
to
^ta
to
JO-l
CO
1^1)0
tslswc b-a — to
'o totsif^ 00 01 to It' o 05
OOStOCOO't-'OSOl-'^ 05to<icooico<oot"Oc<3i^otc-ao coo-a^^
oosocooaotoo<05i(>'05tococ<:coi-ii^viMoa9Couiti-aabi^Qotoaost30s
•4
-a
d
d
it»
s
S
S
-a
00
-a
00
00
0'lf'C«}05l^-WCOOH-05COo;|fi.MO'ACO©Otf'COOOtO<lCCI-K^WOCO«>00
toi-'towwi05-aif^t--aw»ao<i^oo4('if».-aaiooc»sifk,fi.ooacoo5wco-a<iw-a
to<e
BtookatLlTMpool,:»co<,^aleei.
Btookatrjoaaon....^,^,:,,^^^
stock at SIuiehe8tw..,.o. ..».„,
Total Great Britain stock.' 905,000
708,000 1,138,000
Stock at Hambarg
14.000
9.000
7,000
Stock at Srsmon ^^ ^^
349,000 872,000 281,000 233,000
Stock at Antwerp .....^.»
1,000
4,000
3.000
8.000
Stock at aavre.... ..^ ,„
138,000 218,000
191.000 231,000
Stock at Cf arseillos....... ..
2,000
3,000
3,000
3,000
Stock at Barcelona.. ..„
59,000
72,000
40,000
44,000
Stock at aenoa.... ....„
21,000
82.000
63,000
40,000
Stock at T?l«Bte. „..,.„ ^
4,000
5.000
5,000
3,000
Tosal Continental etooks
638,000 666.000 574,000 588.000
Total European Btooks..., 1,543,000 1,316,000 1,282,000 1,721,000
India cotton «aoat for Sasope
72,000
90,000 228.000 189.000
Amer. cotton «floattor B'rope. 382,000 192.000 481.000 333,000
Egypt, Brazll,Ae.. nH'i.for E'pe
39,000
85,000
43.000
52,000
Stock in Alexandria, Bgypt... 199,000 330.000 14-2.000 231,000
Stock in Bombay, Indl»...».,« 761,000 389,000 700,000 603,000
Stock In United atateBportB.. 655.108 576,042 52i!.023 751,460
Stock in U. 8. l^iterlortoirsB.. 600,080 300.245
242,167 427,103
United StAtea '^Tforti to-day
6.670
6,247
9,552
30,350
Total vlBlble supply
4,271,435 8,283,839 3,620,540 4,184,233
Of tke aboye, totals of American and otlter descriptions are as roUo^^a:
*
772,000 487,000 623,000 1,012,0<>0
41,000
49,000
Oontlnental stocks. ...... .„...„„ 599.000 629,000 534,000 547.000
Amerlean afloat for Europe.,. 882.000 192.000 481.000 833,000
United States Btook
.„,.^ 655,108
576,012 522,023 751,460
united atttteslnterlorstookB. 600.080 300,245 242 167 427,103
6.670
United atatesezporti >o-day .
6.247
9,652
30,860
total American...... ........ 8,055,435 2,242,839 2,432,540 3.077,233
Man TndiaH, Sraail, tSe.—
M^aiT^ni .tnAfc
120,000
71.000
88.000
77,000
^
ItondOB stock
6,000
12,000
12.000
8.000
Manchester stock
14,000
9,000
.^....„
'36,000
OonUneniaiscooMs
39 000
37.000
40.000
..^ ,...,.
India afloat tor Bnxope . ...».
72,000
90,000 228.000 169.000
39,000
nrPt.Braall.Ao., afloat.
52.000
36,000
43,000
took In Alezandria, Egypt... 199.000 280.000 142.000 231,000
took Id Bombay, India....... 761,000 889,000 700,000 603,000
XotalSast India, aw.,,.^
1.216,000 1,041,000 1,188,000 1,107.006
Total Amertcan... ««.„„. 8,055,435 2,242.839 2.432.540 3,077.23 3
Total Tlslble sapply
4,271,435 8,283.839 3,620,540 4,184,233
Middling Upland, Llyerpool..
4%d.
6-34d.
4-28d.
7-72d.
Middling Dpisnd. Nen York.
8IB16O.
8-160,
14-750.
10-05C.
gypt CTood Bro'«m,Liyerpooj 75i„d.
9isd.
Oiiel
8ni6d.
PwBf Bough aood,Llverpool lOlOd. 10-25d.
7fl.
7'SOd.
Bioaoh F>nf». Liverpool
4»i8d.
4Bi.d.
6d.
7>«d.
Ilnn*'*Hv Good, LWerpooi.
4B8I.
438CI.
5d.
7kd.
Continental imports past week have Deen 77,000 balee.
The above figures for 1905 show sn ncrease over last week
of 43,345 bales, a gain cI 987.556 bales over 1904, an excess of
650,895 t'f.,les over 1903 and a gain of 87,102 bales over 1902,
^
•-'
wto "Va
ccooswtu
tOCI-'
en
O
M
h-
OO-aconr-COCOCOM
w
CO
M-j-a-a
M
5?*
O5CJ1C00)
tow
7,553 bales added to week's reoelpts as oorreocion for season.
totals show that the interior stocks have increased during the week 2,813 bales, and are to-night 299,835
bales more than same period last year, The receipts at all the
towns have been 91,829 bales more than same week last year.
Week and Since Sept. 1.
a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Mch. 24 and since Sept. 1 in the last two years are as follows.
Overland Movement for the
We give below
1903-04.
1904-05.
March
24.
Week.
Since
Sept. 1.
Wuk.
Since
Sept. 1.
SMvpedr-
V
a St. Louis
VlaOalro
Via Rook Island
Via Louisville
Via Cincinnati
Via other routes, &o
17,960
8,567
3,577
1,571
1,349
6,942
...«
Total §p:osB overland
Deduct shipments
Overland to N. Y., Boston,
434.150
2.53,367
40,690
71,452
43.493
227,010
38,166 1,070,162
—
Ac.
122
132,679
13,188
3,352
Total to be deducted
Leaving total net overland'..
6,322
3,107
100
2,842
569
2,188
464,078
237,997
13,308
104,901
80,435
179,348
15,128 1,030,067
41484
38
2,424
63,789
29,289
67,525
12,488
Between interior towns
Inland, Ac, from South
187,351
5,703
160,603
25,678
882,811
9,425
869,464
9,014
3,241
movement by rail to Canada.
The foregoing shows that the week's net overland movement
this year has been 25,678 bales, against 9,425 bales for the
week in 1904, and that for the season to date the aggregate net
overland exhibits a decrease from a year ago of 13,847 bales.
Including
1904-05.
1903-04.
in Sight and Spinnen'
,
.
i"'
The above
—
bales.
I"*
050si^t4toif»©i-'t-*kC<ocoo5050>toao^--aQoQDif'WC(3wcotow^-ooiotsi(i
.
If anehesier stook........^ ......
;
toco
ii^i^co-aoiooci:>i(^QOr-'-ai^c£>tootooi>^ococc-ait^o5Vito-acoi->c;<
iyi-a>-'COr-'tO<JW-4COO'^0|fktOl(»-CDtOOOh-005C»005(-'50iUC»0'lf>'COeO
-a
00
1902.
1903.
700.000 1,132,000
6,000
8,000
M
MtO
ci^KO-ao'tOKnato-a-atototoos-awt-'Wtoi-'Os. o-aooo
otoot;iO)->osooDtoaotocotoQocDi->b}05)->Mao- osvtif^Mi^cxcdcDCoo
CO
1904.
S75,000
12,000
63,000
650,000
8,000
OstOH"
oDMCol-'Wto^icosexbi^oo' co'cdao
w"b>
«^
t-'CO
CD
M
CO
>*•
t^a
-a
6>
to
S
00
to
»
lp.ffibViK->wMl-Jwb<)b©«To'<oblcb*-'^«cbi® M*»o«o<b'>-'lo
oo
OtO
l-'l-'
to
o w owwa
S
-4-4
H"
>-•
^
-aoi-'-jeo'-'t-'Cot-'i-'.^ooas-ao'O-jcj'tfi'CO
i^wiikQoco-atoo'OsoDO.-'
OD 05 to oo v^-*^ 00 tx os cc
-J «_ti OS <j
00 00 00 CD 00 cc 10 ~a
<i
p:
C0<3>
-a-4
O)"-")*^
CO
-a-a
dicn
S
'
b
tiSt'w
dd
coco
to
to*
OOWOi»'aif'i^eoa.HH-^ooooi(^0)os^wt«tococco3f--4coo-aH-to 1^*
•a«»
-a
6<
CO
00
>-
CD to
•4 -J
I
tog.
S
-4-4
-4-4
coco
050
1905.
843,000
12,000
50.000
LlTurpoolttJOk
to
tov
The Visible Supply of Cotton to-night, as made up by
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete fignres for to-night
(Hch. 24), we add the item of exports from the United States,
including in it the exports of Friday only.
AWMtrnaMr-
2 J- Hi;
.
a)OtOU''(l^*tf-®»cnt3>-'«JCOH'w05<)^oow<i'ia'MOo'ai
fe;^
I
S
•
cocotocoeoi-'i-'COr-oi-'-jwoD-aooDesiF'io
h-5
CJicJ
-a
00
I
I
-a«a
«4<I
•-si
0
'
'•
fr- .
.
CO
i^
I?
'I
-4-4
S
-a
-a
0><»
mo)
OS
u
I
^>' Zr
ocv<i^c>j-atoowto&3i-'i->i-'OCDaoooco-4toto-aaD-aQOMo:iF^v<aBCv<
«a-4
-a
-a
S
^
t^
COOS
05 05
dd dd d w
Abo C«M Cud
I
I
00
09
05-4"^
COMtOMCOCOMtSC;! to
to
WtOi-'i-'
-'H'ifkow co«'W05Mtow'H'kiwVoc;<'>-'"v-' wco*'#>05» ce'-^Vsco
aiie>coi->o5too5-a'^-QD>-'iP»Mai»o-^o»-'cotOf-'eo»-'^WN-cooooiarcoooe<3
(id
-a-a
•400
'
CO
CdtO
-a*a
ceo
S5h
o»i
-a -a
s
-a-a
-a OS
obob
'
•
1^.
.
to£
<I«4
-4-a
0)05
00
'
•
tS
-a-a
d<J
MCa
-J-4
IS
»4<I
<l«4
OiOi
-a 05
.
05 0»
06 OB
^
IS
OICD
^»3
S
«a-a
»j«a
CJ>cJl
05 05
CD CO
•a-a
05-a
,
OM
-4-4
0905
®
<)<1
cooo
-Jn
00 oo
-3-4
-a
i
<io
ooo
I
CD -4
-a-a
I
s
-a
•
-a
S
S
-4-4
coco
-a
•a
I
I
•q-a
•400
1^00
-a -J
to
I
•id
wio
-4-3
S
I
S
<I-J
00 en
I
,
«-ao9
I
-a-a
05-a
00 05
IS
I
tcoo
•ad
-4
I
S
«^
-a-a
-a-a
-a-a
-a-a
I
WW
-a-a
COM
I
-j-q
kSIO
dd da dd
wco coo
-4-4
-4-4
I
I
0:05
CsOD
S
09 to
I
00 00
00 o<
ab«4
t9»
®
I
-q-q
oo
'
S
I
00-^
10 CO
<j«q
"?*?
•a<i
S
I
V^
<i<i
o»a
obcb
*?"?
d><l
-4 -J
s
S
'
«a<l
COCO
*?*?
«><i
Oii^
a
SP
ooO;
:
I
-
-ft
ao«
OS
00
'
3 HDBOag
H
@
I
»1
CD 00
'
'
t-
P 5 C-P 2
3-(i> <B
Takings.
Week.
Since
SepL
1.
Receipts at porta to Mch. 24
Net overland to Mch. 24
174.331 7,506.528
25,678: 882,811
Southern consumption Mch. 24.. 44,000,1,228,000
Total marketed
Week.
Since
Sept. 1.
64,442 6,645,484
9,425 869.4G4
42,000 1.209.000
244,009 9,617,339 115,867 8,723,948
2,812 538,420*15,217
288,C43
Interior stocks In ezoeas.
Came Into sight during week. 246,821
100,650
10155759
Total In sight Mch. 24
9,012,591
North, spinners' tak'gs to Mch. 24
* Decrease during week.
Movement
Mar. 27.,...
902— Mar. 28
1901 -Mar. 29.
-
i.
1900-Mar. 30
51,088 1,940,784
into sight in previous years.
Week—
1903
61,834 1,640,373
Since Sept.
Bales.
1—
Bales.
I
132,636
113,842
121,424
99,907
|
I
1902-03- Mar. 27...
lSOl-02-Mar. 28. ..
1900-01-Mar. 29....
1899-00- Mar. 30...
9,301,207
9.206,572
8,827,468
8,111,964
THE CHRONICLE.
1186
[Vol. lxxx.
Memphis, Tennessee. —Favorable farming weather and
Quotations foe Middlino Cotton at Othkb Markets.—
Below are closing quotations of middling cotton at Southern plowing active. We have had ratn on three days the past
and other principal cotton markets for each day of the week. week, the rainfall being eighty-two hundredths of an inch.
Average thermometer 60-1, highest 75-7, lowest 42-4.
0I.O8INO QUOTATIONS FOB MIDDUKQ COTTON ON—
Nashville, Tennessee.— Farming operations are being rapidly
Week ending
March 24. Sat'day. Monday. Tuesday. Wed'day. Thurid'y Friday, pushed. We have had rain during the week, the precipitation being two Inches and thirty-eight hundredths. The
7'8
7%
7'8
7\
Galveston...
7%
7"ie
thermometer has averaged 59, the highest being 78 and the
7J«
7i«
719
788
New OrleanB 71118
7"l6
lowest 39,
788
788
713,«
7%
MobUe
7\
7H
788
7\
Mobile, 4ta6a7»a.— Excessive rains occurred in the interior
Savannah...
7\
7%
7\
7^
7%
7\
7%
Oharleston
7%
7\
7%
the early part of the week, followed by scattered showers in
7<>8
788
788
Wilmington.
midweek and clear weather toward the close. Farm work
7''8
7'^8
7'8
8
7''fi
Norfolk
8
8-15
was interrupted by the rain, but latterly fair progress made.
8-25
8-lR
8-20
8-20
8 30
Boston
8-12
8-12
8-12
8 00
812
812
Baltimore...
Opinions as to reduction in cotton acreage and fertilizer tak8-40
8-40
8-40
8-45
8-50
Phlladelph'a
8 65
ings coi fllct. There has been rain here on two days of the
7''8
7''8
7^
Auguflta
715,6
7\
Zl=*'8
week. The thermometer has averaged 65, ranging from 51
71I18
788
788
758
Memphis
7^
7h
71116
7iiie
7\
St. Louis....
7^
to 75.
7%
7h
7''%
7''9
7%
7\
7%
Hoaston
7i3ia
Montgomery, Alabama, — Planting is progressing well. Rain
738
738
738
738
Uttle Rock..
7H
7H
has fallen on three days of the week, the rainfall reaching
The closing quotations to-day (Friday) at other important one inch and seventy-on6 hundredths. The thermometer
Southern markets were as follows.
has ranged from 50 to 79, averaging 64.
Selma, Alabama.— F&rm work has been practically at a
Natchez
LouisvlUe
7^\%
788
8
Atlanta.
738
Raleigh
788
Montgomery
Ctolnmbas, Qa.
7 83
standstill the past week.
Rain has fallen on three days, the
Nashville
Colnmbos, Itfls s 7
7^ Shreveport.... 7^
precipitation being four inches and thirty hundredths. AverNew Orleans Option Market. The highest, lowest and age thermometer 65, highest 75, lowest 55.
Madison, Florida.— We have had no rain during the week.
closing quotations for leading options in the New Orleans
The thermometer has averaged 64, the highest being 80 and
cotton market the past week have been as follows.
. .
.
—
Sat'day,
Mondav, Tuesday, Wed' day. Thursd'y Friday,
Mch.
Meh. 20.
18.
March—
Mch. 21.
Mch. 22.
Mch. 23. Mch. 24.
Closing..
7-48--52
7-51--52
7-54--62
7-62--63
7fil--57
7-52--53
7-39 -47
7-41--42
7-38 -52
7-52-
Range..
752--5S
Closing..
7-55--57
7-57--66
7-65--66
7-52--62
7-52--S3
7-39--59
7-42--43
7-61--70
7-69--70
7-62--63
7-72--74
7-66 --69
7-67--68
7-70--77
7-76--77
Steady.
Steady.
Steady.
Quiet.
Quiet.
Quiet.
Range
..
Mat-
JulyRange..
Closing..
AugustRange..
Closing.
OCTOB'KRange
.
Closing..
7
Augusta, Georgia.— B.a\n has fallen on two days of the
week, the precipitation being fortj-five hundredths of an
inch. The thermometer has averaged 63, ranging from 48
738--E0 7 42 46
7-48--49 743--44
7-55--61
7-59--60
the lowest 48.
0NE—
Spot....
Options
Quiet.
from the South
7-46--55
7-54--E5
to 80.
Savannah, Georgia,— It has been dry all the week. The
thermometer has ranged from 53 to 82, averaging 64.
Charleston, Uouth Carolina,— There has been rain on three
days of the past week, the rainfall being forty-four hun7-56--65 7-43--54 740--54 7-45-50
7-56-57 7-46--47 7-52--53 747--48 dredths of an inch. The thermometer has averaged 61, ranging from 51 to 77.
iJtateburg, South Carolina,— Fa,rm work is active and
7-59--61 7-49--50 7-53--57 7 48-50
peach trees are in bloom. We have had light rain on one
764-72 7-53-62 7-50-61 7-54--56 day during the week, the rainfall being three hundredths of
7-64-65 7-53-54 7-61- 62 7-54--56 an inch, The thtrmometer has averaged 65, ranging from
Easy.
Weather Reports by Telegraph. -Oar
ports
-
Steady.
Steady.
B'rly st'y
Quiet.
telegraphic re-
this evening denote that rain has
been
quite general during the week. la portions of the Southwest and in Alabama and Mississippi the rainfall has been
rather excessive, interfering with farm work. Elsawhere as
42 to 83.
Greenwood, South Carolina,— There has been rain on one
day the past week, the rainfall being sixty hundredths of an
inch, The thermometer has ranged from 50 to 71, averaging 60.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M.
March
24, 1905,
and March
25, 1904.
Meh. 24,
'05.
Mch. 25, 04
a rule the weather has been fairly favorable and crop prepaFeet.
Feet.
rations have made good progress.
13-3
ll-O
C^ew Orleans
Above zero of gauge.
27-1
25-2
Above zero of gauge.
Galveston, Teajow.— Rain has fallen on one day of the week, Memphis
18-5
27-9
Above zero of gauge.
Nashville
the precipitation being eighty-six hundredths of an inch. Shreveport
15-8
95
Above zero of gauge.
averaged 64, ranging from 58 to 72.
The thermometer has
37-0
Above zero of gauge.
344
Vloksburg
Corpus Ghristi, Texas,— Tiaere has been rain on three days
India Cotton Movement from all Ports. The receipts
of the past week, the rainfall being one itch and twentyfour fcun(^redths. The thermometer has ranged from 56 to of cotton at Bombay and the shipments from all India ports
80, averaging 68.
for the week ending Mch. 33 and for the season from Sept. 1
iSan Antoni'-', Texas, Rain has fallen on three days of the
week, to the extent of one inch and th?rty-eight hundredths. to Mch. 23 for three years have been as follows.
Average thermometer 86, highest 82, lowest 60.
1903-04.
1902-03.
1904-05.
Taylor, Texas.— We have had rain on four days durirg the
Receipts at—
Since
Since
Since
week, the precipitation being one inch and seventy-nine hunWeek.
Week.
Week.
Sept. 1.
Sept. 1.
Sept. 1.
dredths. The thermometer has averaged 69, the highest
being 80 and the lowest 48.
Bombay. -. 100,000 1,583,000 85,000 1,309,000 88,000 1.576,000
We have had rain on three days during
Palestine, Texas.
Since September 1.
For the Week.
the week, the rainfall being one inch and eeventy-tour hunExports
dredth?. The thermometer has averaged 63, ranging from
ContiGreat
ContiGreat
from—
—
—
—
48 to 78.
Fort Worth, Texas.-It has rained on two days of tbe
week, the precipitation reaching ninety-two hundredths of
an itiCb. The thermometer baa racged from 44 to 74, averaging 59.
AOilene, Teojas.— Rain has fallen to an inappreciable extent
on one day of the week. Average thermometer 62, highest
80, lowest 44.
Shreveport, Louisiana.— There has been rain on two days
of the past week, the rainfall being one inch and eighteen
hnndredthp. The thermometer has averaged 61, the highest
teing 78 and the lowfs-. 52.
Nevi Orleans, Louisiana,— R&ia has fallen on two days of
the week, ?he precipitation being five inches and ninety- nine
hundrectbs. The thermomater has averaged 67.
Leland, Mississippi,— Hiinh&a falkn during the we. k to
the extent of one inch and twenty- nine hundredths. Average
thermometer, 57 9, highest 72, lowest 40.
Vick!,burg, Mississippi.- Rdiin has fallen on four days of
the past weak to the extent of two inches and seventy hundredths— too much rain. The thermt meter has averaged 62,
the highest being 78 tnd the lowest 48.
Little Rock, Arkansas,— FeLimerB are making good headway with work and corn-planting has ccmtnenced. There
has been rain on two days of the week, to the extent of fiftyThe thermometer has averaged
five hundredths of an inch.
59, ranging from 43 to 75.
Helena, Arkansas,— Rain has interfered slightly with farm
work. It has rained on three days of the week, the precipitation reaching one inch and forty hundredths. Tne thermometer has ranged from 41 to 76, averaging 59'8.
nent.
Total.
8,000
31.000
72,000
9,C00
38,000
73,000
50,0l>0
3,000
2,000
3,000
Britain.
Britain.
nent.
Total.
Bombay—
1904-05..
1903-04..
1902-03..
Calcutta 1904-05..
1903-04..
1902-03..
1,000
7.000
1,000
28,000
170,000
507,000
459,000
183,000
657,000
487,000
3,000
2,000
3,C00
1.000
3.000
3,000
17.000
12,000
20,000
18,000
15,000
23,000
2,000
8,000
4,000
12,000
25,000
9,C00
14,000
33,000
13,000
7,<~00
13.000
Madras—
1904 05..
1903-04..
1902-03..
All
1,000
1,000
2.000
1,C00
5,000
4,000
2.000
6,000
4,000
2,000
4,000
13,000
63,000
e4,000
39,000
70,000
68,000
52,000
16.000
37.000
7S.000
18,000
44,000
80.000
23,000
65,000
48.000
262,000
608.000
527.000
285,000
673,000
575.000
others—
1904-O5..
1903-04..
1902-03..
Total all—
1904-05
.
1903-04..
1902-03..
2,000
7,000
2,000
New England
Cotton Mill Situation,- i'frj&eo/ Weav-
River indicite that there has
heeo farther troable with weavers in a number of mills.
Those In the Granite Mill No. 1 struck at noon on Thursday,
demanding thut the mill go back to the eight-loom system,
and the contention elsewhere seems to be on the same baBis.
It is statf d by mill mea that it is the first time in the history
of American textile manufacturing that so strong a stand
has been made by operatives aizainst improvements as the
weavers have made at Fall R.ver, matters having now
reached the stage where the issue will be fought on its
merits whatever the cost.
fers.—Lutfcst aJviceo iroui Fall
Mar.
THE CHRONICLE.
25, 1905.]
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria. Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two vears.
Alexandria, Egypt,
March
1904-05.
1903-04.
1902-03.
140,000
5,342,965
22.
70,000
6,203.495
5,643,289
Beeeiptt (oantars*)—
This week.
Since Sept. 1
..
Since
This
week. Sept. 1.
.
.
1.
This
Since
week. Sept. 1.
4,615 177,437
4,118 126,009
5,067 239,767
843 71,028
voeeh.
Sept.
8,250 S50.889 14,750 587,678 14,643 614.241
Total exports
*
Since
1,750 167,362 4,000 182,078
108,777
111,617
5'506 221,772 l6',256 252,426
500 41,557
1,000 52,978
Exports {bales)—
To Liverpool
To Manohester
To CJontinent
Tn A iT>«rlft»,. ...
This
27 000
A oantar is 98 lbs.
This statement shows that the receipts for the week ending
22 were 140,000 cantars and the foreign shipments
March
8,250 bales.
—
Manchester Market. Our report received by cable
to-night from Manchester states that the market is quiet for
yarns and firm for shirtings. Manufacturers are generally
well under contract.
give the prices for to-day below
and leave those for previous weeks of this and last year for
We
comparison.
1904.
1905.
9H
Twist.
d.
d.
SMrt- Oott'n
lbs.
32« Oop. ings,
common Mid.
d.
d.
B.
Twist.
Uplds
to finest.
8.
S^lbs. Shirt- Oott'n
32« Oop. ings, common Mid.
d.
d.
d.
8.
4-23 lOifl® 10%
3 11 96 9
417 lO^s® 10%
®8»e 3 11»««6 10
9^-^ 3 11ifl?6 10
410 1058« 11
»8i4 4
«6 10 419 llie-aillis
«838 4 1 tfeili^ 4-81 lO'e'llM
©888 4 1 06 111s 428 lOifi^llie
as
Fl).17 7i«
" 24 714
Moh.8 734
" 10 7%
" 17 71fi
" 24 71«
TTpldi
to finest.
6
6
d.
d.
8.
4i«®9
6
6
6
6
9
8
6
d.
7-28
7-62
8-32
8-78
8 24
7-73
lis
II9
4ist»9
9 '99
6
9
a9
-ag
99
7i«
6
Bxports op Cotton Qoods from Great Britain.— Below
the exports of cotton yarn, goods, &c., from Great
Britain for the month of February and since October 1 in
1904 05 and 1908-04, as compiled by us from the British Board
of Trade returns.
It will be noticed that we have reduced
the movement all to pounds.
we give
FarfKk Thread.
Oloth.
lotalofAll.
000« ortMUd.
1904-06 1908-01
Lbs.
Lb$.
1901-06
Yds.
1903-01
1904-06 1903-04
Tdt.
Lbt.
Lb».
1904-05
Lbs.
1903-01
106,891
Lbs.
90,146
88.601
19,164
18,036
77,843
123,761
96,879
Tot.l8t guar
63,860
47,041 1,680.469 1,196,672 i83,630 232,485
337.620
269,526
Jannary
17.152
17.151
16,367
17.015
106,823
101,829
112,S5;
106,830
October
16,768 15,298
November... 17,938 18,707
December
.
.
February....
486,679
474,172
660,718
477,956
512.939
402,619 00,680
376,368 88,458
118,666 101,697
158,143
481.478
89,171
95.707
74,848
69,794
107,368
86,462
89.816
StooUnKS and looka
Bandry artloU38
875
15.538
573.95'
Total expc>rts Of cotton manofaotares
393
16,879
494,111
The foregoing shows that there has been exported from tlie
United Kingdom during the five months 573,955,000 lbs.
of manufactured cotton, against 494,111,000 lbs. last year,
or an increase of 79,844,000 lbs.
1187
disease, BO that the area under both early and late cotton la 11
per cent smaller than last year, and the estimated outturn has fallen
by 36 per cent. In Bind the crop Is In fair condition, but the expected
yield is stlU 12 per cent below that of 1903-4. Want of rain is reported
10 have seriously damaged the crop in Madras, where, in spite of an
addition of 9 per cent to the area, the expected outturn Is lower by 22
per cent. Elsewhere the reporta are generally favorable and there is
a notable Improvement in Bajputana. Last year's figures have been
repeated for AJmer-Merwara and Mysore, as the reports from those
provinces are late. The aggregate figures, which, however, do not
refer to the zamindari area of Madras (for which only fragmentary
reports have been obtained) and certain non-reporting tracts, are
approximately 19 million acres (5 por cent greater than last year and
30 per cent above the average) and nearly 3^ million bales (10 per
cent better than last year and 40 per cent above the average).
and
JiTTE Butts, BAaaiNG, Etc— The market for jute baerging
has been dull during the past week at unchanged prices, viz.
6^8"' *0J^ IM Ids. and 6%c. for 2 lbs., standard grades. Jate
butts also dull at l%@l^<i. for paper quality and 2@23^c,
for bagging quality,
SHippma News.—Aa shown on a previons page, the
exports of cotton from the United States the past week have
reached 118,001 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
Total balet.
Liverpool, per steamer Armenian. 3,883 upland and 50 Peruvian
3,933
To Hull, per steamer Idaho. 100
100
To Glasgow, per steamers Astoria, 200
Ethiopia, 100. ..
300
To Havre, per steamer Evelyn, 467 upland and 260 Sea
Island
717
To Mateeliles, per steamer Algeria, 222
222
To Bremen, per steamer Main, 150
150
To Antwerp, per steamer British Empire (additional), 560.
560
To Barcelona, per steamer Ulrlken, lOO
400
To Qenoa. per steamera Cretlo, 549....Prinz Oskar, 279 ..._
828
To Naples, per steamer Neokar, 200
200
To China, per steamer St. Hugo. 600
600
Sew oblbans—To Liverpool— March 17— Steamer Cestrian,
10,517. ...March 22—Steamer Florldian, 4,000..
14,517
To Bremen— March 22 Steamer Irada, 17,000
17,000
New Tobk—To
To Hamburg-March 17—Steamers Montauk Point, 1,061;
Moorfield. 366
March 18 -Steamer Dovedale, I.OIS
March 20-8teamer Royal, 3.053
5,498
To Copenhagen- March 20 -Steamer Tolesby, 1,080
1,080
QALVBSTOBr-To Liverpool- Moh. 17— Strs. Alraerlan, 6,243
Colonial, 12,294
March 20— Steamer Dominic, 6,627.. 25,164
March
To Hamburg -March 17— Steamer Wooda, 2,018
18 -Steamer St. Jan, 1.450
To Rotterdam -March 18— Steamer Corby Castle, 100......
To St. Petersburg— March 17— Steamer Alderney, 100
To Reval— March 17— Steamer Alderney, 700
To Venioe-Miroh 18 Steamer Srlg, 600
To TrlsBte— March 18 -Steamer Srlg, 423
To Flume -March 18 -Steamer Srlg, 1,150
To Mexico March 18— Steamer Navigator, 650
Mobilb—To Havre -March 18 -Steamer sierra Mirena, 6,428.
Pbksaoola—To Havre- March 14— Steamer Teleefora (additional),
45
To Bremen -Mch. 20— Steamer Manchestar Shipper, 9,044.
To Hamburg-Moh. 20—Steamer Manchester Shipper, 300.
To Gottenburg- March 20— Str. Manohester Shlppar, 400..
SAVAiniAH-To Liverpool- March 23— 8tr. Castleventry, 3,626.
To Bremen, etc.- March 23— Steamer Hermlae, 6,668
To Santander, etc. -March 28 - Steamer Castleventry, 150.
To Barcelona— March 20— Steamer Federlca, 5,04C
To Trieste -March 20— Steamer Federlca, 200
To Flume -March 20-8teamer Federlca, 309.
Nbwpobt News—To Liverpool— M»rch 16-Str. Kanawha, 1..
To Rotterdam -March 21— Steamer Amsteldyk, 66
BOSTOM- To Manchester Mch. 18 Steamer Caledonian, 2.267
Baltimobb—To Liverpool— March 17— steamer Vedamore, 79.
To Bremen—March 22— Steatupr Wltteklnd, 190
PHILADELPHIA— To Botttsrdam-Moh, 16— Str. Pennmanor, 300
9AH Fbahoisoo—To Japan—Mch. 18 -Steamer Mongolia, 5,631
FEBEUABT AND FBOM OCTOBEB
1
TO FBBBUABT
February.
Pieet eoods—Tardt.
(000» emitted.}
1906.
1904.
Oct. 1 to Feb. 28.
1903.
Bait TndiQi
2«,17i 221,488 2»0,662
Turkey, Hgypt and Africa... 73.117 70,W02
Ohlna and Japan
90.327 65.881 54.26U
Eirope (except Turkey)
36.006 29,881 36.884
South America
34.642 44,657 85.36i
North America
26,434 27,Ot58 28,188
All otber countries
33,391 31,821 27,9^6
Total yards
Total Talue
28.
1901-06
1,075.254
48U,0a2
36i,97d
111,801
2l8,tl42
148.054
160.791
1903-04
921.327
:i35 3H3
2l«,5'i7
124.674
285.608
149,981
149.746
1902-03
995.619
401.123
829.786
122,763
1M9 843
H9 910
149.818
612.98(1 481.478 (63,016 2,612,413 2,136.116 ?,248,876
£6,941 £6.395 JE4,8i4 £28.828 i28.776 i 83.431
Tarns— Lbi.
100
100
700
500
423
1,160
650
6,428
45
9,044
300
400
3.626
5,668
160
5,046
200
300
1
66
2,267
79
190
300
5.531
118.001
been 169,695
Total
The exports to Japan since Sept, 1, 1904, have
from Pacific ports and 1,000 bales from New York.
Cotton freights at New York the past week have been
bales
as follows.
A
further matter of interest is the destination of these
exports, and we have therefore prepared the following
rtatements, showing the amounts taken by the principal
countries during February and since October 1 in each of
the last three years.
XPORT8 OF PIBCB aOODS AND TAENS TO PBINOIFAL OOCTirrRIEB IH
3,468
aatw.
iron.
lutt.
14
16
20
20
25
12
14
15
20
20
25
12
Liverpool...
c
manohester
?
Hftvxe
e.
14
15
20
Bremen
e.
Hunburg, aBbed.e.
Antwerp
e.
20
25
12
9hent, v. Antw'p.e.
Beval, indirect.. e.
Beval, via Canal.e.
Barcelona, April.e.
aenoa, March... e.
18J«
18>«
29980
29 930
29«80
29930
W€dnts. TkMr:
14
15
20
20
25
12
14
15
20
20
25
12
Fri.
14
15
20
20
25
12
18i«
18 1«
ISifl
\%H
29930 29 930 29930 29930
29O30 29930 29930 29930
22 Is
22 >s
15
15
23
Meste
23
e.
40
40
laoan (via 8ueE).e.
Quotations are cents per 100 lbs.
22ifl
15
23
40
22
15
23
40
22
15
23
40
22
15
23
40
LrvEBPOOL.— By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
(OOOi omitttd.)
HoUand
Germany
Oth. Europe (except Turkey)
Butlndlei
Ohlna and Japan
Turkey and Bxypt
All other oonntnei
Total Ibt
Total Talue
East
2,312
8.449
2.180
2.716
2.817
8 891
8,226
8,608
2,816
2.087
2.096
2,783
815
S67
862
1.660
2,313
1.308
1,86^
1,728
1.974
16.376
14,877
18,846,
£785
isoo
i68l1
13,883
16.668
9,727
11,898
1.463
6.900
8.261
11.872
10,808
ll.<0i
14,339
2,670
10,802
10 827
78,084
68.184
£4.035
£3.616
71 520
£8!818
14,203
17,484
11.460
13.080
a.61S
9.780
9,6 i2
Crop.— The final general memoranduoi of the
cotton crop for 1904-5 was issued under date of Calcutta,
Indla.
February
being in part as follows:
The final reports on the early crop aammarlzed In the memorandum
Issued on Deo. 21, 1904, showed that cultivation had Increased and that
the outturn was (rood The late crop was then expected to be deficient and the reports Just received prove the correctness of this anticipation. In Bombay the crop has s nSered from want of moisture, cold
17,
Mch.
Sales of the
week
bales.
Of which exporters took. ..
Of which specQlators took.
Sales American
Actual export
Forwarded
Total stock— Estimated
Of which American- Est'd.
total import of the week.....
Of which American
A.mount afioat
Of which American....
8.
68,000
4,000
7,000
66,000
6,000
80,000
898.000
826,000
57,000
38.000
182.000
142.000
Meh. 10,
51,000
2,000
1,000
48,000
7,000
60,000
871,000
801,000
41,000
36,000
181,000
141.000
Meh 17
Mch. 24
65,000
45,000
••--•
2,000
61.000
12,000
73,000
1,000
1.000
42,000
7,000
76,000
854,000
777,000
68,000
47,000
191.000
153,000
843,006
772,418
71,000
61,000
172,000
141.000
The tone of the Liverpool market for spota and fntorea
sach day of the week ending March 24 and the daily cloeicg
prloee of spot cotton,
have been as follows.
THE CHRONICLE.
n88
Monday. Tuesday, Wed'day. Thur$d'y Friday.
Sat'day.
Spot.
Market,
1S:30p. M.
Fair
bnslneBS
Qnlet.
Moderate Moderate Moderate
demand. demand, demand.
Qnlet.
dolnft.
4-31
Upl'dfl,
8pee.
i29
1-S4
428
4 24
4-28
8,000
Mid.
10,000
500
8.000
8,000
8000
8,000
500
50C
500
500
& «xp.
500
Futura,
Market
Qnlet at
6pt8,
deoUne.
opened.
Qnlet at Steady
at
Qnlet at
Qnlet at
e®3
Basy at
2 pts.
decline.
5 pt8.
advanoe.
deoUne.
decline.
Qnlet at
n--,^t
pti.
n^Slne'd 5^7 pti.
adranoe. ni»cnanB a decline.
Steady,
nnch. to
Qnler,
nnch. to
1 pt. dec.
1 pt. adT.
tdranoo.
Dnllat IVeryst'dy
Market,
4 p. H.
3S4
pii.
decline.
4(i»6
I
pti.
3 pts.
1 pt.
'
prices of f atnrea at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
olanse. nnless otherwise stated,
The
Tae«.
Sat.
RIon.
Mch. 18. Meh. 20. Mch. 21
Thnrs.
ITed.
Mc^. 22. Mch. 23
Frl.
Mch. 24
12i« 1 12i« 4 12i« 4 12i« 4 12i« 4 I214 4
P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M. P.M.
d.
d.
114
March
Moli.-AprIl.
April
May
May-June...
June- July,.
July- An/?.
Aug.-Sept
.
.
Sept. -Oct..
Oot.-Nov..Nov.-Deo. ..
Dee. -J an
Jaii.-Feb....
d.
18 4
4 14 4 13 4
4 16 4 14 4
117 4 17 4
tl9 4 19 4
il9'4 19 4
4 21 4 20 4
4 22 4 21 4
1 23 4 22 4
4 23 4 23 4
4 23 4 23 4
4 25 4 24 4
4.
d.
d.
d.
d.
d.
d.
d.
13
13
14
17
4 17 4 18 4 17 4 12 411 4 08 4
4 17 4 18 4 17 4 12 411 4 08 4
4 18 4 20 4 1£ 4 X3 4 12 4 09 4
4 21 4 22 4 21 4 16 4 1.^ 4 12 4
1fl
4 23
4 23
4 24
4 26
4 26
4 27
4 28
4 29
19
20
21
22
2S
23
24
4 24
4 25
4 26
4 27
4 28
4 28
4 29
4 30
10
10
clipped
May delivery in
elev
31%
31%
July deUvery in elev
3114
Sept. delivery In elev....
29^
3188
29!^
24, 1905.
89%
8808
87%
88
DAILT OLO8IHO PBIOBB OF WHEAT FUTTrnKS IN CHIOAOO.
Mon.
Bat.
Tuet.
Wed. Thurt.
m
115SIb
dellv.
elev
(lelJv. Ill ei«v
92%
Sept. delivery In elev.... seos
July
1143t
9288
11514
92^^
86%
86:>8
114»«
91%
85^
112''e
90\
84%
tri.
112^
9088
84,^
Indian-corn futures have been moderately active but at
lower prices, Deepite reports from the interior of only limited country acceptances, the crop movement has been on a
liberal scale, the receipts at the primary markets reaching
large, fnll figures. Shipments have been comparatively light
and fair additions, therefore, have been made to existing
stocks. Pressure to sell from speculative holders has developed, and this, together with sympathy with the decline in
values for wheat, had a depressing effect, Tbe spot market
has been easier. At the lower prices a limited volume of
business has been tranpacted with exporters. To day the
market was sleadifr on reports of light country acceptances.
The spot market was firmer but quiet.
DAILT OLOBINO PBIOEB OP NO. 2 MIXBD OOBM IN
YORK.
Bat.
Mon.
Tue*.
Wed. Thurt.
Frt
OsBh coi n f o. b
59%
59%
59%
59\(
58%
59^
NEW
rtflivery In elev
July dellv. In elev
J>AtLT OLOBINQ PRIOBB
55*4
55
55 »e
55i«
Sept. delivery in elev...,
54''e
54i«
S4ie
54 >«
55
54
54
5438
OF NO. 2 MIXBD CORN IN
Bat.
delivery In elev
July delivery In elev
49
49ie
49%
Mon
49^
49>4
49)4
30%
30%
30««
2914
S0>fl
29^
29>4
Flne....,„^
$2
Boperflne
3
Extra, No. 2,.„„. 3
Extra, No. 1
3
Ulears
14
Straights
5
Patent, spring
5
90
-93
'33
t>3
25
40
60
00
20
75
•3
©4
o5
«6
FLOUB.
10
Patent, winter
$5
40
City mllla, patent. 6
60
Bye fiour, superfine 4
75
Buobrwheat flour.. 2
80
Com mealWestern, etc..... 2
35
Brandywlne
2
75
65 '95 80
20 1316 80
35 '94 95
00 '92 25
92 90
93 00
75
90
OBAUSr.
rtte*.
48*78
49
4916
CHICAGO.
Wed.
4814
4838
48>«
Thurt.
483e
4.8^
48''e
Com, per bnah—
0.
fl.
5114958I4
1. o. b.bSH
t. o.b.Nom
f. o.b.Nom
Western mixed..
No. 2 mixed
No. 2 yellow
No. 2 white
Bye, per bushWestern
82i«987
Nominal
State and Jersey.
Barley—West ....—
43m»52
4OI9947
Feediur...
oats,
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903-04,
542,611
975,664
608,652
Wheat,
Corn,
bush.
buth.
1,616,741 122,673
1,387,875 26,470
1,483,760
Total.. ..2.026,927
4,488,376149,348
Mxportt
Flour,
from—
bblt.
Fran.
PngetS'd.
Stkn
Portland..
Cot '03-4.2.861.899 5.06H.&67
3ti.365
Sye,
buih.
Barley,
buth.
3,105,582
Oatt,
buih.
148,238
151.952
246,656
854
412
425,225
627,035
516,846
37d,379
^
1.26S
1,422
4,157,842
8.736,280
Tne movement Of breadstuffs to market asindlcatedinthe
•tatements below is prepared by us from figures collected
The receipts at
by the New York Produce Exchange.
Western lake and river ports for the week ending March 18
and since Aug. 1, for each of the last three years have been:
B«c»il>ti
at—
Wheat.
Flour.
Corn.
Bye.
Barley.
Oats.
Bbls.imibs Bush.90lt>s Busn.oSlbs Bush.9ilbs Buth.tSlbs Bu,.b6
189.267
OhlcaRO
Mllwankee
8S.830|
8S.830:
Toledo
108,550
8.0S1
188 440
258,897
14,853
0.600
859,100
360,550
858,000
401.100
Eaniai City
1«0,973|
11,933
80.00)
9,000
78,800
1,630
77,676
300,650
157,018
271.012
418,431
2,66'J,S80
4,639.612
«,S84,7U2
8,407,9811
2,ei5,aj4|
8,487,821
2.865,866'
3,868,849,
3,696.397
81,78)
000
1,283.806
1,807,603
820,271
Same wk. '04
Same wk. '03
666
838,290
1,000
93,»72
4(2.600
260,400
64,SO0
13S,59V
50,030
lbs.
81.100
18,850
453,000
199,200
65,?56
128.00o!
29,180|
18,133'
.
. .
183.500
206,464
1,800
Detroit
617.207
42,750
103,958
1,466.820
12,000
MlnneapoUi
3.416.600
3.0a8,200|
12.075
Dalnth
Cleveland
St. Lonlt
Peoria
209,000,
786,805
Sine* Aug. 1
11,627.587 163,264,013 188,130,180 111,740,88^ 59,888.683 8,875,736
18.806.308 184 661,584180,897,865 117,665 Oil* 95,868,986 6.810,058
18.719,474 20H,181.009 106.413.620 133.008,114 1<».643.017 8,079.168
1IKI4-6
1903-4
1003-3
Total receipts of flour and grain at the seaboard ports for
tbe week ended March 18, 1905, follow:
Flour,
Beceivt*
at—
Boston
Portlund, Me .,...,
.»..
Philadelphia
Baltimore
,..^..
Richmond
Newport Newi
....
«.
New Orleans
Galveston
Norfolk
Montreal...
Mobile
8t. J obn, N
bush.
2«,«<'0
..
.
Wheat,
bbls.
la»,861
38,009
1,101
41,630
88,581
3.800
l,18i
11.931
NewYork
1.000
SO.OoO
6,030
14,881
18,471
B
1.266
19,800
.
£84.463
801,188
634,516
16!<.000
Wheat
bbls.
868
'97.585
82,918
15,460
8,100
7,083
'19,600
ll.e6«
13,766
77,138
8.3C7,683
1,U68,V4S
8,168
760
788,343
1,103,153
Total receipts at ports from Jan. 1 to
follows for four years:
1904.
190B
BecHpU of—
rioor^
buth.
102,900
0,400
"80,ll"8
bW.biS
Barley,
bxuh.
109,800
Oats,
busti.
4»8.UU0
63.610
1
6.818
2,143
17,688
Total week.......
Week 1901
Corn,
bu^h.
740,775
396.HH8
17,143
233,393
841,740
21.282
2 7.388
2.797.193
4,888.726
bU8h.'~3,603.481
"
87.OB3.603
"
7,081,078
11.9flR,9Bl
March
120.331
85.868
18
7.083
6 333
compare as
1908.
1,0J6.680
1902.
1.504.139
17,018,118
36,111.880
F^i.
4808
48%
49
Karler
"
1.81)7.8:8
80.775.673
8.1l«.e«4
1.063.100
tiye
.
May
30%
SOi«
Exports of Grain and Floar from Pacific Forts.—The
exports of grain and flour from Pacific ports for the week
ending Mch. 23, as received by telegraph, have been as follows:
From San Francisco to various South Pacific ports, 15,835
bbls. flour, 159 bushels wheat, 1,800 bushels barley and 8,6C0
bushels corn; from Portland to Paciflc ports, 91,ol8 bushels
.
89(>8
3114
SCa
29%
Following are the closing quotations:
Tot.wk. 1906
go^g
Nom.
Nom.
38ia
25 4 22
easier.
Sept. dellv. In elev
38i«
4 23 4 21 4 22
14
4 14 4 16
DAILT OLOaraO PKIOBBOr WHB1.T FUTUBBB III NEI\¥ YORK.
8ai.
Mon.
Tuet. Wed.
Thurt.
VH.
No. 2 red winter, f o. b. . 119
11838 118''8 n8i« 1163b 115%
113i« 11138 110%
113''8
May delivery In elev
113
1128a
.luly delivery In elev
97
9616
9738
9538
97''i8
947e
.
38i«
SS^a
f.o.b.
4 17 4 15 4 17
i 19 4 17 4 18
4 20 4 18 4 19
4 20 418 4 20
4 21 4 19 4 20
4 22 4 20 4 21
416
4 23 4 18
4 23 4 19
4 24 4 20
4 26 4 21
4 26 421
4 27 122
4 28 123
4 29 4 24
11
;
May
wUte
DAILT OLOSmO PBIOBB OF NO. 2 MIXBD OATS IN CHICAGO.
Bat.
Thurt. FTi.
Mon. Tuet.
Wed.
Wheat, pep busn—
0.
e.
N.Dul.,No.l
f.o.b.120%
N. Dnl., No. 2
f.O.b.114%
Red winter, No. 2.. f.o.b.116%
Hard winter, No. 2. f.o.b.Nom.
OatB— Mixed, p. bush. 36 '937
White
37 ®40
No. 2 mixed
Nominal.
No. 2 white
Nominal.
Friday, March
May
No. 2
12 4 11
12 4 11
13 4 11
16 4 14
18 4 16
19 4 17
20 4 18
21 4 19
22 4 20
23 4 21
24 4 21
Business in the market for wheat flour lias continued dull.
Prices have shown irregularity, with the general tendency
towards a lower basis. There has been no especial pressure to sell spring wheat flours, but offerings of Kansas
flours and winter-wheat flours have been fairly free and
lower prices have been accepted to effect sales. A quiet market has been experienced for city mills. The demand for rye
flour has been dull
prices have been quoted unchanged.
Buckwheat flour has been quiet and unchanged. Corn meal
has been quiet and easier.
Speculation in wheat for future delivery has been fairly
active.
Prices have continued to show a declining tendency, with speculative holders selling to liquidate their
Foreign statistics reported early in the week
accounts.
were of a bearish character, large world's exports for the
previous week being shown, resulting in a substantial gain
in the supply of wheat efloat for European importing ports.
The receipts of wheat at the interior points reached fairly
full figures, the arrivals at the Northwestern markets early
in the week being reported large. The principal depressing
factor
tbe favorable
hps
been
climatic
conditions
reported from the West for the
new crop. The
growing
winter-wheat
crop
reported
was
in
a
promising condition and the weather in the spring-wheat belt
was favorable for spring seeding. Advices received from
Argentina stated that the yield of the wheat crop will reach
a new high-record figure of 148,000,000 bushels, being an increase of 24,000,000 bushels over last year's crop, which was
the previous high record. It is calculated that the export
surplus from this season's crop of Argentine wheat is 107,000,000 buphels. To-day the tone was weaker under larg«
exports to Europe from Argentina and continued favorable
weather reports from the interior. The spot market was
and
Oats for future delivery at the Western market have been
quiet and there has been a fractional decline in prices. The
movement of the crop has been on a liberal scale, and
weather conditions in the interior have been reported favorable for satisfactory crop work. Locally the spDt market
has been quiet and slightly easier. To-day the market was
quiet but steady.
DAJXT OLOBIHO PBIOBS OF CATS IN NEtT YORK.
Bat.
Mon. Tttet.
Wed. Thura.
FrL
No. 2 mixed In elev
Nom. Nom. Nona.
Nom. Nom.
Nom.
d
d.
BRBADSTOFFS.
dull
[Vol. lxxx.
"
111221
i!61,450
610,008
16.230.410
6..S38 311
8.612.033
1.811,161
319,701
"•
19,712.187
"12.181.780
67,676,731
80811,618
Corn
OaU
Total frrnin
11.166.7l»8
1,430.489
Tne exports from t^e several seaboard ports for the week
ending March 18, 1905^ are sbov^n in the annexed statemont:
Mar.
THE CHRONICLE.
25, 1905.]
Flour,
Oa,ts,
Rye,
iiarley,
bbls.
btuh.
10,525
bush.
bush.
A
Peas,
bush.
69,',8i
1189
3.V!«0
active and have increased their purchases ahead.
good deal of
business has been prevented by the inability to guarantee sat80,0(i0
8,600
Portland, Me.
isfactoryjdeliveries. The home trade has been inquiring rather
" 1,846
"37,013
11,970
Boston
more freely for light-weight goods but the firmuess of sellers
Philadelph:a
38,4^^3
bS
Baltimore
has been against any large business. Lighter weie;ht9 than
Norfolk
4 yard sheetings are in particularly small supply. The export
Zl'J.ses
•«•«•»••
"iVm
Newp'rt News
153 inquiries have mostly been for light-weight
927
6.862
1.518,779
NewOrleans..
goods but mills are
0,329
Galventon
'750*
so far sold ahead that manufacturers find it impossible to
."i',ii3
12.750
Mobile
17,638
96.629
77.139
St. John, N. B.
make the deliveries demanded. Orders for bleached goods
have been larger, and while buyers show no inclination to
18.680
96,795
Total week.. 225.089 8,102.311 181.403
11,918
33,107
28,163
Same time '04. a3iS,889 a 356,e3ii 315.1)33 107.263
speculate, the future business has shown some improvement.
The desdnation of these exports for the week and since Low counts are still scarce. Ticks have been well sold ahead
July 1, 1904, is as below:
and there are reports of a coming advance. Danims, plaids and
-Wheat.Corn.
•tlour.
other coarse, colored cotton goods have been in fair demand at
Week Since July Weeic Since July
Exports for
Week Since July
recent prices. Kid-finished cambrics have shown some imMir 18, 1, IfiOl. Mar. 18 1, 1904
week ana since Mar 18, 1, 1904.
bush.
bush.
buih.
July I to—
oush.
bbls.
bbls.
provement and are steadily held. Canton flannels and cotton
8,905,665 l..'^U3,518 84.897.02S
United Kingdom. 62.593 2 390.785 825,0a9
blankets have been in moderate request and remain un962,808 1,680,719 30,707.4; 2
27,019
815,643
Continent
23,i!83
28LI.001
3,3(10
20.610
496.613
S. & C. America..
changed. Prints nave been more active but fancy prints
801.619
24,694
19,822
744,528
West Indies
have not improved to any extent. Q-Inghams have only been
40
138,404
Br. N.Am, Col '8
73,814
1,483
60.665
Other countiies.
53,414
834.640
moderately Inquired for but remain at recent figures. Print
cloths were more active earlier in the week than they were at
3,102.311 36.335.089
9.933.737
Total
225,089
121,400 4,656.084
Total lfcOi-04
632,889 51,219,390 2,266,6li0 48,614,282
315.13S 13,061,0X0
the close, but the supplies of certain goods are getting low
The visible supply of grain, comprising the stocks in and sellers are reluctant to accept current prices. Narrow
granary at the principal points of accumulation at lake and goods have been relatively more active than wide goods.
Regulars are quoted at 2%c.
seaboard ports, March 18, 1905, was as follows:
Corn,
bush.
5&».8u8
17,143
318,268
42.857
404,478
9,400
Wheat,
Eayports
New
from—
York.
...
bush.
3«.h90
40,488
1,194
6,955
11.641
'.'.'.'.'.'.'.'.
,
I
Wheat,
In store at—
Do
112,000
7,000
565,000
39,0„0
135.010
',00a
963,000
167,00*1
888,000
435,bd
140,000
401,000
Buffalo
Do
afloat
Toledo
Do
afloat
'
"
Detroit
Do
Chicago
•Do
Barley,
bush.
211,000
»t1,0
'<1
191.000
7isa.000
8<0,' 00
123,000
90,000
639 000
1,HJ4,I;00
4ft ,000
16H,(!(i0
10.000
13,000
24.066
6,000
""4,000
1,573.000
210.000
4,0:0
386,066
"s.doo
i'6i,od6
87,666
afloat
715,000
3,885.000
B'.OOO
301,000
4,860,000
1,610,000
4,993,000
76,000
4,438.'0d6
i"7"»,ood
^64,000
11,863,000
2,191,000
42,000
49,010
4,646,000
813.000
76,000
2,000
1.871,000
14,000
l,'i0J,0J0
18i>,000
14P.0')0
110,000
41,000
1.336,000
"21,006
'"s^f'm
i89,odd
9.7f^7,000
15,911.0110
1,459 000
»,3H6,000
9.511,00)
15,727,000
10.689,000
7,182.000
3,2iy,000
1,563,011.1
8,617,000
4,155,001
959.000
:<,69il,000
995,r.00
l,TO-,(00
1,769,000
1,412,000
afloat
Milwaukee
Do
bu»h.
148,000
260 000
53,oOa
17,000
1,801,000
1,201,000
,.
Montreal
Toronto
atloat
Port William
PonArtnnr
Duluth
Do
afloat
Minneapolis
St. TjouIs
afloat
Kansas City
"
Indl ana^DOlis
! ! !
On Mississippi Riv
."
! !
On Lakes
On canal aud
Total
Total
Total
Total
Total
869,000
481,0C0
7''\000
Philadelphia
Baltimore
New Orieins.
Gaivesiou.
Rys,
Oats,
bush.
841,000
341,000
53.000
204,000
bush.
1,300,000
afloat
Boston
Do
Corn,
bush.
647,003
New York
river
lOiJ.OOO
..
Mar. 18, 1906. 33,94^,000
Mar. 11, 19.15 35,094,000
Mar. 19. 1"04 3i;.^25.000
Mar. 21, 1903.46,055,000
Mar. 28, 1902.60,918,000
10,ii:i7,0f)0
9,103.000
2,070,000
THE DRY QOODS TRADE.
Nktt York, Peidat, P. M., March 24, 1805
Business has again been rather more active in the cotton
goods market dnricg the week, and with buyers operating
more freely prices have been firmly held. The principal feature
of the market is still the scarcity of certain lines of goods and
the difficulty experienced by buyers In securing the required
delivery. This has resulted'ln an increased volume of buying
orders for as prompt shipment as is obtainable and the placing
of orders somewhat farther ahead than had been intended.
It has also necessitated the substitution of other lines for
those desired. The statistical i)osltion of the goods market is
so strong and the future of the cotton market bo uncertain
that sellers feel perfectly justified in holding firmly to their
prices. No open advances have been announced, but there is
little heard of in the way of irregularity and the outlook is
for an advance rather than a decline. Buyers have allowed
their stocks to run so low and find the demands of their customers so urgent that they are forced to pay full asking prices.
Export business at the moment is quiet but there have been
some fair inquiries in the market and if satisfactory deliveries could be guaranteed there might be another revival of the
demand from Chinese sources. In the woolen goods division
there have been some duplicate ordersjfor men's wear heavyweight goods.
DoMBSTio Cotton Goods.—The exports of cotton goods
from this port for the week ending Mar. 20 were 8,074
packages, valued at 1362,746, their destination being to che
points specified in the tables below
Naw York to Mar
1905.
90
1S04.
Week. Since Jan,
Week. Since Jan.
1.
1.
Woolen Goods —In the woolen goods division agents are
busy superintending the delivery of sample pieces and in
figuring out how they stand on the initial business of the
Eeason. Complaints are etiU being heard of cancellations,
but these are moie iu the form of substitutions than outright
cancellation of orders. It has been apparent for some time
that buyers placed orders for goods that they did not require,
but this was due more to a lack of knowledge of their requirements than to speculation.
Woolen goods manufacturers are making the principal complaints, and it is apparent
that buyers have in many instances canceled their orders of
these and substituted worsteds. In this way several lines
that were sold out have again been put on the market owisg
to the returns that have been recaived. There is considerably more activity in the dress goods market, and while
many fall lines have not yet been opened, others have already
finished their initial business. The opening of the season
was later than usual, owing to the fact that buyers were not
ready to commence operations and the range of prices had
not been definitely determined. The prices that have been
made show an advance over those of last year about equal to
what had been expected. Staples have been, so far, much in
the lead and fancies are likely to have to take a back
place.
Foreign Dry Goods.—Sellers of imported woolen and
worsted dress goods report satisfactory progress and are
convinced of a successful season. Silks have been active and
firm. Ribbons are in better demand. Linens again show
improvement and are firmly held. Burlaps are quieter at
recent figures.
Importations andlVareHoase T^ltbdrawals of Dry Good!
»
g
s
OH
H "t© gSsS'lS
5 B-rt-* 3
Ent'd
Bilk
Flax
Total
Total
f
West Indies
Mexico
Central America
South America
Other Countries
Total
10
17
218
169
3,301
35,831
4.613
2.632
1,935
6,110
362
1,896
428
3.*)
2
87
297
1,006
328
8,074
607
3,898
18,635
3,489
72,837
13
58
:;::;:
i
""12
368
97
282
660
204
1,694
€5
372
J
19,725
3,273
7,866
1,799
4,606
J3l
S.190
12,816
2,784
57,116
of these New York exports since Jan. 1 has been
18.815,111 in 1905, against $2,978,636 Ic 1904.
Heavy brown drills and sheetings continue in small supply
and are correspondingly firm. Buyers have been rather more
The value
Flax.
Total
Mannfe
811k..
Ootto
Wool
^4
Mlsoeilaneons
Manufactures
r
S
S
i
iiiril
iiiiii
T
!
liiliT
i
Import
cons
1 §3
:
:
b":
«k
00
00
•4
to
p
CO
:
MCO
(0
l
"caoi
i
'
kaoi
(000
ts
1
MOI
Ml M
•
1
i
i^.«a
i^M
loco
H
m
M
00
',
1
1
w
aicocouito
<j
i-ty
<i<i:i'J<(K
tool
o<>a
MC0-1»0S
XaDWQO^l
•^i"-
00
Meooo)^
»ob>
~1
t^
>1
>-o
^Ob
»
loVj-r-VoD
1
CO
to
00
COO'^Jf^OO
CDM^QO-J
i
M
d
M
1
1
«U
1
1
!
^ ^0
(Ol H>i^'
to
OS
«
eo
fn
CO
(in
1^
H
to
(10
QD
i->
!
'
1
'
CO
CO
»0M
^COMtOO)
c;iM0DO>ao
fatatOK}
ta
CO
to
!
:
:
:
:
1
!
:
1
o<cg
CR»i
l^osbioo
1
:
O^MQOM
<i*305toeo
1
^
»>'
^eokoi^io
COM^tOtO
O400S-JC0
MM
ObaooMOS
<)Qo*aM«i
''
CO
00
-JM
OtJ
CD
CO
~J
t-
1
1
1
eg
9
2
n
p
OS
tn
CO
<1
-^
p
00
CO
CO
eooo
t-OS
oo'eoMob'
«eooto-4
i
!
OS 00
H
ta
H
pf-OsOiW
;
'
1
i
\
1
oolo
coco«>-c*co
C^ ^)
M t: 01
co-J^^o^o
M *.
M
CO
•
to to CO OS to
MOIOltOM
«a
1?
-<4
i^MCnosco
s
tooi»-aso
5|
enO^=OCO
A
«k
o>ts»seoM
to
OS
to
cnaD*aD"50O
M
to
t-t^
to*, woco
. . . « •
1
t3tS-'K»t3
CO CC
»
••
%
eS
s
VI to
CBOosiwcn
Tjl
to
^
CJ.
1
-J^lf'COs)
eo
~j
S
M in
wota^is
fc-eoooTOM
M
n
K
^
B
m
rt
ODtscnotO^
*!.
en
1
n
M
i
1
;
00
<
cntoMto
OSmV<|sJ
-4*400N>[^
1 1^
•1
t-tt-*
00 <i
0-,
en »3
^•co
en CO OS en CO
lyiMtooscn
>-
b
<s
1
M
00
OS
to
'i>.tavi«oi
00
CO 00
i-icoosoto
o» a> 00 ic
M _CO_OSMM>-CS
n M wviviMW
H ^ ^<M>-^tO
M 00 C. OS to (O
'-^
a
:r
n
mA
'.C2-
2- M
OS
JR
OOSCOOSCO
sji(^ CO OS CO
e
1 CO
M
to
<I-^
MtOM
;4
J0*"0ppw
.^
CO
~4
coo
CO
Vjot'i'coo
a
Ob
Of
- ao
ftOI
ooDOico*^
«3 i-C «»• CO M
-aotaooso
»JO»-ao-0
,£
-a^^'oaos
^
t0Oi^it»O-
OOB
~|-3<«>.U<0
o«
ex
COCO
«.^^<l»p
co^»to^
©06
O0»
O'^
cu^joeaos
Ol
-.3
.... .,.1
OOtOOSCXSCO
CO
b!
00
CO
ts
>
M
OShSMCOM
»«ao<».M
OJCnSMlk
acosiooco
oaas<l -"-J
a>
a
Q
B
osooQocoa
*
03 --l
OS OS
s
'i
ta
CO
-rl
CO OS
Hita^
OSQOl^OrO
cooo>03a»
-JOS
cots
%
a
»
eopi«k*.p5as
VooosVo
to
'CO
too
osu
Wl-
5
^^
COCJSOMM
00
a
'tOi»ktOO«tO
0D*.COll».O»
^00000 CO
W08Mp<I
o'oqomm
MM
0:0
atoaoao«4
«
^
B
B
a
ifl
"09
•— OS
,
I^MMkO
a bS
M
a M
to
COOS
^M
•
,
to
to
CD
aj
}-**^>-'
ex's] CO OS 09
oto
COM
>
^
>
•
.
M
CO
en
OJ
9)
h-O
00 JO
M
1
a
1 M
MACO-joa
wcs
"hifi..
m
O<0'-CBCO
CO
to
M
MCO
B
n
O»«OO>*-00
-JCOtOIK>4
1
1
.
t
i-«
i
s
:
i
0<
M
to
1
(OO
I
•3
t
M« WW W;^J^
aooo
OSCO
:
t^co
t^\ t^'O
tSCD
OSMi
<1
;
1
to
Ik
OS
to
CO
1
OCK
-Jl^*
t-
:
i
09
1^
»0
_-4
;
9 M
!
to
?0
1
u
MM M
^ 00 '^ % 1^ ^ CO M
00
0^ i^^foaxjf
c;<a9i-><Bas
cooD
0)
o»
i
!
1
OJH'OtiOc
0»-^
col to«-*i cnco^iQox
1
MCO
10 OS
co«
M
«Q0 — ^-Ol
-OlOi-'O
OI<».
>->Cn
'O
00
tOOOtOMOS
j^r
•4
M
M H
l-<tOOO«10i9
1
OS
CO
g
's
-iOJ
1
1
<j>
:
ViMcokSM
a»-i>-'*>.iy
cj<^«a-^
:
i
n?
!
1
M a^
M
:
!
:
irt k-<
I
:
§i
g;
i
liiilT
1:
,
Great Britain
Other European.....
China
India
Arabia
Africa
MlsoeU
IP
Wool
Cotton
^^'OOtOCO
^
CO
^
•
1
THE CHRONICLE.
1190
OiTY D£Pi^pTM£WT.
PUBLJ8HKD WEEKLY.
ot
Subscription— Payable in Advance
I^r One Year, Inolnding
For Sli Months
nropean
all
f 10 00
6 00
13 00
Supplbmbnts
Subscription (Including postage)
750
Knropean Subscription Six Months (tnoludlng postage)
The Batlwat and Industbial Section, Issued quart <*rly, Is furnished
every annual subscriber of the t ommebcial and
witiiout extra charge to
The State and Citt Section, Issued seml-annuaUy, Is also furnished
without extra Oiarge to every subscriber of the Chbonicle.
The Stbekt Railway Section, Issued three times a year. Is likewise
furnished tcithout extra charge to every subscriber of the Chkoniole.
The Bank and Quotation Section, issued monthly, is also furolshed
vtithout extra charge to every subscriber of the Chkoniole.
Terms
of
Adrertising—(Per
(8
Incli Space).
Three Months (13 times) .
$29 00
Six Months
(26 times)... 50 00
$22 00 Twelve Months (52 times)... 87 00
Transient matter (each time) $4 20
standing business cabds.
Two Months
any of said States whose net Indebtedness
does not exceed 7 per cent of the last preceding valuation of the
property therein for taxation. The term "net indebtedness" shall be
construed to denote the Indebtedness of any city, town, or other
municipal corporation, omitting the debt created for supplying the
Inhabitants with water and deducting the amount of any sinking fund
available for the payment of the municipal indebtedness. Provided,
hotoever, that such bonds shall not have been issued in aid of railroads or
for special assessment purposes. Provided, also, that the bonds of
any county, city, or town, of less than 10,000 Inhabitants, or of any
school district or other municipal corporation of less than 2,000 inhabitants in any State or Territory other than those named in paragraph 8 of section 1 of this Act shall not be authorized Investments.
Provided, further, that snoh. bonds are issued by municipalities that
are permitted by law to levy taxes sufficient to pay the interest and
to provide sinking funds for their debt; otherwise such bonds shall not
be authorized investments. [And provided, further, that the bonds of
any scch county, city, town, school district, or other municipal corporation of any State or Territory, except in the States named in paragraph 8
of section 1 of this Act, which does not have a constitutional provision
limiting the indebtedness of counties, cities, towns, school districts, or
other municipal corporations therein, shall not be legal investments.]
But not exceeding 50 per cent of the deposits shall be so invested.
of 100,000 inhabitants of
BtMt fim
Terms
fVOL. LXXX.
times)
\riLIiIAM B.
. .
BANA CORIPANY, .Publisher*,
Pine Street, corner of Pearl Street,
NEM^
FOST OFFICE Box 958.
News
YORK
Items.
—
New York St&ie.— Savings Bank Bill Fosses House. The
General Assembly on March 22 passed Assemblyman J. T.
Smith's bill amending the Savings Bank Investment Law.
This measure was published in full on page 1033 of the
Chronicle March 11. 1905.
Parke County (P. 0. Rockville), Ind.— Bond Sale IVegal,
—We are advised by George Branson, Ex-County Treasurer,
that a decision has been rendered in the suit brought to prevent the delivery to J. F. Wild
Co. of Indianapolis of the
gravel-road bonds of Adams Township awarded
156,310 50
to that firm last fail— the plaintiff having amended his complaint by claiming that the sale was illegal in that accrued
interest was not paid in addition to the principal of the
bonds. The Court holds that the bonds themselves are valid
but that the award is illegal in that only par was obtained
for the bonds whereas, the Court says, "face value" as set
forth in the Statutes is the par value plus the accrued interest
at the time of sale. See V. 80, p. 483.
&
im
&
Co. have taken for issue
Japanese Loan.— Kuhn, Loeb
in this country cne-half of a new Japanese loan for £30,000,The loan will bear 4)^« interest, will run for twenty
000.
years, with the option to the Japanese Government to redeem
all cr any part at par after five years, and will be secured by
Bond Calls and Redemptions.
Bethany, Mo.— Bond CaW.— Call is made for payment
April 15 of Qi bonds Nos. 11 and 13, dated March, 1899.
Clark County, Mo. Bond Call. Call is made for pay'
ment May 10 at the State National Bank of St. Louis o°
bonds Nos. 50 to 83, inclusive, each for $100.
Clinton, ^o.—Bond Call.— Interest ceased March 10 on 5%
bonds Nos. 12 to 32, inclusive, each for $1,000, dated Jan. 1,
—
the revenues from the tobacco monopoly which, it is estimated, are now about $11 000,000 annually, or largely in excess of the requirements of this loan. Simultaneously with
the public issue in the United Spates by Kuhn, Loeb & Co.,
the National City Bank and the National Bank of Commerce,
the loan will be issued in London by Parr's Bank, the Hocg- 1891.
Shanghai Bankicg Corporation and the Yokahsma
kong
Dent Coanty, Mo.— Bond Call,— Call was made for paySpecie Bank. The bonds will be offered shortly for public ment March 1 of bond No. 1, dated March 1, 1898.
subscription at about 90, to yield about ^%% if option to reMemphis, Mo.— .^ond CaZi.— Interest ceased Feb. 15 on
deem is exercised in five years or 5'30;? if allowed to run to bond No. 18,
maturity.
Mnltnomah County (P. 0. Portland), Ore.— Warrant
k.x\zona.— Legislature Adjourns,— ThQ Legislature of this Call.— John M. Lewis, County Treasurer, has called for payState adjourned March 16, 1905.
ment all Class "36" and "37" warrants drawn on the general
Centerville Station Town&hip, St. Clair County, 111.— road fund up to and including Oct. 7, 1904; also Class "C"
Bonds Illegal.—The following appeared in the St, Louis warrants up to and including Aug. 8, 1904.
"Globp D*=mocrat :"
Peno Township, Pike €oanty, Mo.— Bond CaZZ.— Interest
SPBiNOHKLD.lLt.— March 6.— ludge Humphrey in the United Statos Cir- ceased March 1 on bonds Nos. 49 and 50, each for 1 1,000,
cuit Court to-day declared that |35,<'00 of bonds Issued by the Highway ComInterest, 5^.
missioners of the town of Centerville Station, St. Clair County. 111., were in- date Nov. 1, 1887.
valid. The case was that of the Northwestern Savings Bank of St. Louis
Van Baren Towngtalp, Jackson Coanty, Mo.— Bond Call,
in which case the bank asked that the
asatnst the town of Centerville Station,
town be compelled to pay the money on the bonds on which they had de- —Call was made for payment March 3 on a |1,000 bond, No,
faulted In Interest. The case was appealed to the United States Circuit Court 58, dated Jan. 4, 1892.
Intereet, 4$?.
&
of Appeals.
CrldersTille, Ohio.
-Fond LH'gation. — The
following
is
aken from the Toledo " Blade :"
WapAkonkta, Ohio, March 9, 1905.— Suit was
filed yesterday against
the village of CrldersvlUe and the County Treasurer to enjt in the collection of
taxes levied to pay a bond issue of .that village. The petition states that the
village of Crideravllle Issued bonds to the amount of I8''!,BOO, which issue waB
based on a special Act passed by the General Assembly March 14, 19u8, authorizing a bond issue to provide funds to erect an electrlc-light plant, which Act
was unconstitutional. The petition states that the proceeds were not used for
the purpose of erecting an electrlc-llght plant, but were paid to the Board of
Trade' contrary to law.
See V. 74,
p. 844.
New Hampshire.
Acts Amending Savings
— The State Legislature
Bank
Invest-
Bond Proposals and Negotiations
Adams County (P. 0. Natchez), Miss.— Bond Offering,—
Proposals will be received until 12 M., April 8 by John F.
Jenkins, Chancery Clerk, for $15,500 5% gold coupon bridge
bonds. Denomination, $500. Date, Feb. 1, 1905. Interest,
annually at the ofl&ce of the County Treasurer. Maturity,
15,000 In six years; |2,500 in seven years; |2,5C0 in eight
years; |2,500 in nine years and $3,000 in ten years. Certified
check for lOjf of the bonds bid for, payable to the President of
the Board of Supervisors, required. Authority for issue
Chapter 125, Law» of 1900, and Section 313 of the Annotated
which recently adjourned
passed several amendments to the savings bank laws, two of
which relate to investments. The first of these amends paragraph 18 of the Investment Act (see State and City Section
for November, 1904, page 2245) by striking out the words "in
Code
the New England States" so that the paragraph now reads as
ment Law.
follows:
18th. In the stock of any railroad corporation, exclusive of street
railways, located in any part of the United States or Territories, that
has earned and paid rejjular dividends of not less than four per cent
per annum on its capital stock for live years next precedingsuoh investment provided, such capital stock on which it pays dividends equals
in amount one-third of the entire bonded indebtedness of said corporation; or In the stock of any other railroad corporation ["in the
New England States " omitted in new law] whose railroad and railroad
property are leased to such railroad upon an annual rental of not less
than four per c«^nt per annum npon the capital stock of the leased
railroad; jtrovided, said leased railroad shall have earned dividends
of not less than three per cent upon Its capital stock for a period of
three years Immediately preceding said lease; but not exceeding
twenty-live per cent of the deposits shall be so Invested.
;
tMi
week have been as follows:
of Mississippi of 1892.
Adams Mills (Ohio) Spedal School District.- Bonds
Voted— Bond Offering.— The election March 11 resulted in
favor of the proposition to issue |10,000 Hi school bonds. Proposals for these bonds will be received until 12 m , April 15
by Thomas A. Mills, Clerk Board of Education. DenominaDate, April 15, 1905. Interest, semi-annually on
tion, $500.
March 1 and Sept. 1 at the First National Bank of Dresden.
Maturity, $500 yearly on March 1 from 19C6 to 1925 Inclusive.
certificate of deposit for $200 on some bank in Muskingum
or Coshocton counties payable to the Clerk of the Board,
required. Blank bonds to be furnished by the sucoessful
bidder,
A
Allegheny (Pa.)-Twelfth Ward School District.- Bond
The above amendment takes dliect May 15, 1905.
Bid«.— Following are the bids received March 16 for the
A second amerdment which took effect March 9th omits $100,000 a 80-vear school bonds awarded, as stated last week,
certain portions of paragraph 9 so that it now stands as fol- to N. Holmes '& Sons of Pittsburgh at 104'18
:
the part of the old law omitted being indicated by
means of full-faced brackets:
9th. In the authorized bonds of any county, city, town, school district, or other municipal corporation of any other of the United States
or Territories whose net Indebtedness at the time of such investment
does not exceed 5 per cent of the last preceding valuation of the property therein for taxation; and In the authorized bonds of any city
lows
;
N.
Holmes 4 Sons,
Lamprecbt Bro8.4
l'ltt3b'Kh....l04l8
Co., Olore.. 101-76
I
Worklngman'i SaT. Bk. 4 Tr. Co.lOl'OO
I
Bonds Authorized— The issuance
of $6,000
4% 15-year water-works extension bonds has been authorized
by the City Council, according to reports. Denomination,
Date, May 1, 1905.
|C00.
Alliance, Ohio.
Mar.
THE CHRONICLE.
25, 1905.]
Arkansas City, Kan.— Bond <S^a2e.—This city has awarded
to Spitzer
Co. of Toledo at par an issue of "about" $15,000
Q% 1-10-year (serial) Sewer District No. 2 bonds dated April
Interefct, semi-annual.
1, 1905.
Atlantic City, N. 3 .—Description of Bonds.— The $50,000
board-walk bonds recently awarded to Blodget, Merritt
Co. of Boston are in denomination of $1,000, dated April 1,
Maturity, April 1, 1925. The
1905. Interest, semi-annual.
price paid is said to be 102*21.
Baker City, Qre.-Bond Sale.— Thia city has sold to local
investors at par and Interest $7,200 6% 10-year sewer-construotion bonds. Denomination, $100. Date, Jan. 1, 1905.
&
a
&
eemi annual.
Barnga, Mich.— Bonds Authorized by Legislature.— The
Interest,
State Legislature has authorized this village to issue electriclight and water bonds.
—
BarbertOD, Ohio.- jBowd Offering, Proposals will be received until 7:30 P. M., March 27, by W. F. Robison, Village
Clerk, for the following ooupon bonds
$8,188 b% l-lC-year (serial) llopocan Avenue assessment bonds, dated Mar. 1,
:
1905. Denomination, |800, except one bond for |98?.
h% main storm-sewer bonds, dated Sept. 1, 1904. and maturing one bond
of »300 yearly Trom March 1, 1905.
1,575 5$ local storm-sewer bonds, dated Sept. 1, 1904, and maturing one bond
of f 157 50 yearly from Marcb 1. 1905.
2,050 69 l-lO-ypar (serial) Fourth Street assessment bonds, dated Sept. 1,
3, too
1904. Denomination, J205.
13,2C0 5% l-lo-year (serial) Baird Avenue assessment bonds, dated Sept.
1,
1901.
Denomination, $1,220,
All bids must be nnccndiInterest, March 1 and Sept. 1,
Accrued interest to be paid by purchaeer. Certified
tional.
check for $300, pay able to the Treasurer of the village, or else
cash to that amount, required with bids for each issue.
BarLesTilleCOhio) School District.— Bonds Foeed.— This
on March 14, by a vote cf 296 to 233, authorized the
issuance cf $35,000 schocl-building bonds. Date of sale not
dittrict
yet determined.
1191
by Myra L. Williams, Secretary Board of Trustees (P. O.
Chinook), for $21,EO0 10-20-year (optional) bonds at not exceeding 6% interest. Authority, special election held Feb. 4,
Denomination, $1,000. Date, March 31, 1905. Inter1905.
est semi-annually at the office of the County Treasurer.
Check for 5% of bonds required.
(hrismau, Edgar County, 111.— Bond Sale,— This city has
sold an issue of $15,000 5% water bonds to the First National
Bank of Chrisman at par. Denomination, $500. Date,
April 1, 1905. Interest, semi-annual. Maturity, $5,000 on
April 1 of the years 1910, 1915 and 1920.
Clereland Height?, Ohio.— Bond 0#eringf.— Further details are at hand relative to the offering en April 11 of $25,000 A^% coupon water-works bonds. Proposals for these
bonds will be received until 12 m. on that day by William Q.
Phare, Village Clerk, at tie Fair mount. Post Office in said
village or at his office. No. 402 American Trust Building,
Cleveland. Denomination, $1,000. loterest April 1 and October 1 at the Fairmount Savings Bank Co. in Cleveland.
Maturity, $5,000 yearly on October 1 from 1914 to 1918, inclusive. Accrued interest to be paid by purchaser. Certified
check for 10^ of the amount of bonds bid for, payable to the
Treasurer of the village, required.
Cleveland Heights (Ohio) School DIgtsict.— Bond Sale.—
On March 20 the $28,000 i}i% 17 year (average) bonds described in V. 80, p. 1014, were awarded to W. J. Hayes
Sons, Cleveland, at 105 '41— a basis of about 4*057^. Follow-
&
ing are the bids
W. J. Hayes 4 Sons, Cleve... $29.515 00 Holzman & Co., Cincinnati. .$£9.401 00
Se^songood & Mayer, Cinoin. 29,508 75 Union Sav. Bk.4 Tr.Co.. Cln. 29,290 80
Sec. Sav. Bk. 4 Tr. CcToledo 29,e 05 00 W. K. To^d & Co..Cincln.... 1(9,12500
:
.
Weil. Koth & Co., ClnciD
Denlson, Prior * Co., Cleveland and Boston
Laraprecht Bros. &Co.. Cleve.
R. Kleybolte & Co., Clncln.
.
.
2P,476 00
Prov. Sav. Bk.
& Tr. Co., Cin. 29,113 60
Co., Cleve. 1:9,008 (JO
Co., Cleveland. 28,845 60
Hayuen, Miller &
29,44700
29.433 60
29,402 tO
K. L. Fuller
New
&
IstNat. B'k.Colnmbus. 28,63000
—
Clinton, N. Y.— Bends Author' zed by Legislature. Chapter
Braceville Toirnshlp StUool District No. 8, Ohio.— Bond
57, Laws of 1905, authorizes the issuance of $7,000 electiic£7ecf on.— An election, it is stated, will be held March 27 to
light-platt bonds.
vote on the question of issuing |9,'000 school-building bonds.
Coal G^rove Sehool Dlibtrict (P.O Station, Ironton), Ohio.
Bradner, Ohio.— Bonds Defeated.— This village on March
Bond Election,— An election will be held in this distiiot to
14 voted against a proposition to issue $3,000 water-works
vote on the question of issuing $5,000 school-house bonds.
bonds.
Colfax, Wash.- PFarranf SaZe.— Local reports state that
Brookline, M.a&%.— Temporary Loan.— The Town Treasurer
has borrowed from the Eliot National Bank of Boston, at all of the $55,000 Q% special-water-anpply-fund warrants deLoan scribed in V. 80, p. 484, have been placed. This is $12,750
3*, $100,000 in anticipation of the collection of taxes.
more than the amount sold at the time of our last returns
matures Nov. 1, 1905,
Buffalo, N. Y.— Temporary Loan Authorized,—The issu- published in the Chronicle.
Collingwocd, Ohio. Bonds Voted.—The vote on the propance of $10,000 i% certitioates of indebtedness, dated April 1,
osition to issue $15,000 water-works-extension bonds submit1905, and maturing July 1, 1906, has bef n authorized.
Cadillac, Mich.— Bond Eleetion.—The City Council has ted at the election held March 14 wes 281 for and 112 against.
Columbus, Ohio.— Bonds Authorized,— The City Council
decided to submit to a vote of the people the question of
on March 13 authorized the issuance of $26,000
coupon
issuing $35,000 bonds for various purposes.
Cambridge, Ohio.— Bond O^eringr.— Proposals will be re- bonds for repairs to Indianoli*, Peters Run and Hudson
ceived until 12 M., April 17, by T. R. Deselm, City Auditor, Street sewers and levee. Denomination, $1,000. Date, not
for $5,C00 i%% 20-year eewer bonds.
Denomination. $500. later than May 1, 1905. Interest, March 1 and September 1,
Date, April 1, 1905. Interest semi-annually at the office of in New York City. Maturity, March 1, 1925, subject to call
the City Treasurer. Accrued interest to be paid by pur- after March 1, 1915,
Bond tale.- On March 17 the twelve issues of i.% find iyi%
chaser.
bonds aggregating $400,000 described in V. 80, p. 1014, were
Cf pe May, N. i.—Bond Sale.— The $30,000 5^ 80-year bonds
mentioned in the Chronicle two weeks ago have been sold awarded to Denison, Prior & Co. of Cleveland and Seasongood
Mayer of Cincinnati, at their joint bid of 102809
at 105 to local citizens.
and interest. Following are the^bids:
Caswell County (P.O. YaneeyYilie), N.
Bend Election.
—An election will be held the latt^tr part of May to vote on Denlson, Prior
Premium.
Fremium
& Co., Cleve.
R. Kleybolte A Co.. Clncln... 6,365 iO
the question of is; uing bonds for road purposes.
and Seasongood A Mayer,
New ist Nat. B'k., Columbus. 6.260 00
Cincin
Ceiina, Ohio.— Bond 8ale.—A\\ bids received March 6 for
$11,237 40 B. H. Rollins A 8ong (Items
Nos. 2tol2, inclusive)
A Co.,ChlcaBO.
the $42,000 43^« coupon refunding bonds described in V. 80, Farson. LeachA Sons, Cleve. 9,972 00 Well, Roth A Co. (Items Nos, 8,300 20
W. J. Hayes
and Geo. A. Fernald A Co.,
1 ,?95 00
1, 6, H an d w
726, were rejected, and the bonds subsequently sold at prip.
Boston
9,420 00 Central Tr. & Safe Dep. Co.
vate sale to W. R. Todd & Co. of Cincinnati for $43,700.
Union Sav. Bk. A Tr. Co.. Cin. 8,510 00
165 20
(ItemNo.4)
Champaign School District No. 71, Champaign County, Kountise Bros.. New York .... 8,126 00
111.— Bond O^eringf.— Proposals will be received until 2 p. M,
These are not original issues, being a disposal of bonds held
to-day (March 25) bv John N. Beers, President Board of in the sinking fund as an investment.
Education, for $40,0C0 i% (3 issues) coupon school-building
Concord, N. ]1.— Bonds and Loan Authorized. At a meetbonds. Authority, election held March 3, 1905. Denomina- ing of the city government March 13 an issue of $45,000 retion, $50(\
Date, May 1, 1905. Interest stml-anDually at the funding water bonds was authorized; also a temporary loan
Champaign National Bank in Champaign. Maturity on of $75,000 in anticipation of the collection of taxes.
May 1 as follows
Concord, N. G,—Bond Ojferirjgf.— Proposals will be received
$3,500 in 1906. 13,000 In 1910. $3,000 In 1913. $2,500 In 1917. $2,500 In 1020.
until 12 M., March 30, by G-aorge H. Ratledge, Clerk Board
3,000 in 1907.
3,000 in 1911.
3,000 In 1914.
«,5<0iu l»i8.
in 1921,
8,000
8,600 in 1908.
3,0C0inl912.
2,500 in 1016.
2,500 in 1919.
of Light and Water Commissioners, for $30,000 ^% gold couBonded debt, including this issue, $91,500. Assessed val- pon light and water bonds. Denomination, $1,000. Interest,
uation 1903, $1,853,080; real value over $10,000,000.
semi-annually on January 1 and July 1. Maturity, 25 years.
Charleston, 111.- Deacr/pffon of Bonds.— The $16,000
Certified check for $1,000 payable to the Board required.
refunding bonds, the sale of which was recorded in the These bonds are secured by a first mortgage on the Concord
Chronicle February 35, are in denomination of $1,000, dated water works and the Concord electric-light plants, tolls and
Feb. 27, 1905. Interest, semi-annually in January and July. franchises, the estimated value of which (excluding income)
Maturity, Jan. 1, 1923. The purchasers of these bonds were is $125,000.
H. C. Speer & Co. of Chicago and the price paid par.
Cook C«.unty (P. 0. Chicago), 111.- Bond Sale.—On
Cherrjvale, Kan.— Bonds Authorized by Legidature.— March 20 the $500,000 i% 1-20-year (serial) Series "H" bonds
This city is authorized by an Act of the State Legislature to described in V. 80, p. 1071, were awarded to N. W. Harris &
issue $88,124 23 bonds to take up outstanding warrants, part Co. of Chicago at 103'205— a basis of about %%%.
Following
of which debt was ncurred in the purchase of the plant of are the bids
the Cherryvale Water Co. Interest not to exceed 5^, payaN.W.Harris A Co., Chlo.... $816,028 00 MacDonald.McCoyACo., Chl$618,218 50
ble April
and Oct. 1. Maturity, not lees than ten nor more First Tr. A Sav. Bk., Chic. 518,800 00 N.W. Hal8ey*Co.,ChloagQ. 511,860 00
State Bank of Chicago
Farson, Leach A Co. and B.
510,876 00
than twenty years.
H. Rollins A Sons, Chic... 513.800 00 Mason. Lewis A Co., Chlo.
510,660 00
Chicago (111.) Sanitary DIet.-Btis— ^uard Postponed. Amer. Tr.ASav. Bk., Chic. 618,260 00 Home Sav. Bank, Chicago.. 510,(.87 0O
—The following bids were received March 22 for the $2,000,Bond Election.— It is stated in looal papers that this county
*
000 4s< bonds described in V. 80, p. 1071
will vo e on April 4 on the question of issuirg $5,000,000 tends
Farson. Leach A Co.. Chic... $8 017,500 First Tr. A Sav. Bk.. Merch.
for a new court home.
Loan A Trust Co. and N. W.
Cooperstown, N. Y.—Bond$ Defeated.— Thla village on
Harris & Co. Chicago
$2,005,820
,,,
m.
.
r
^.
The bios were referred to the Finance Committee and ac- March 16 defeated a proposition to issue $36,000 Main Street
tion on the same will be taken by the Board of Trustees at paving bonds by a vote of 31 to 102.
the next meeting March 29.
Coraopol is Sehool District, Allegheny County,Fa.— Bond
Chouteau County (Mont) School District No. 10.— Bond O^ertn^.— Proposals will be received until 8 p. M April 3, by
C^/rermg.— Proposals will be received until 1 p. m., March 31, T. F. Watson, Secretary, for $30,000 4;« 29-year bonds. De-
—
H
&
C—
—
:
H
.
.
.
:
,
.
THE CHRONICLE.
119-2
[Vol. lxxx.
nomination, $1,000. Date, April 1, 1905. Interest, semi- of $9,CO0 80- year funding bonds at not exceeding 6<g interest.
annual. Bonds are free from tax.
Denomination, $1,000. Interest semi-annually on Jan. 1 and
Corn\rall Union Free School District No. 5, Orange Jnlv 1 at the Kanaas fiscal agency in New York City.
County, JS. Y.—Bonds Legalizea by Legitlature.— The State
Flint, Mich.— Bonds Not to be Issued. We are advised
Legislature has passed a bill (Chapter 77, Laws of 1905,) that the City Council has killed the project to issue $72,920
legalizing an issue of $28,C03 bonds put out by this district.
bonds for the extension of water mains and for other imCorydon (Iowa) School District.— Bonds Voted—Bond provements to the water system.
Fonda, N. Y.— Bonds Legalized.— Chapter 38, Laws of 1905,
Offering,- This district on March 13, by a vote of 383 to 216,
authorized an issue of ^% school bonds. These bonds will be legalizes an issue of $23,000 street-improvement bonds of this
offered for sale on April 15.
place.
Cottonwood County, M.lnn.— Bonds Defeated.— The elecPort Frances, Oat,— Debenture Ojfenngr.- Proposals will
tion March 11 resulted in the defeat of the proposition to be received until April 15 by F. H. Warner, Town Clerk, for
issue 180,000 conrt-houae bonds.
$20,000 5% 20-year municipal- building and fire- protection
Cregco(Iowa) School District.— Bonds Voted Bond Offer- debentures.
ing. —By a vote of 535 to 813, this district on March 18 auFort Worth, Tex.-— Bonds Bfgris^ered.— On March 7 the
thorized the issuance of |35,000 4<{ school-building bonds. State Comptroller registered $14,000 4.% 40-year refunding
These bonds will be offered for sale on April 20.
bonds of this city, dated July 1, 1901.
Comberland County (P. 0. CrossTille), Tenn.— Bonds
An additional $15,000 of these bonds was registered by the
Projjoaed.— This county seefes legislative authority to issue State Comptroller on March 17. These bonds are issued to
the owners of outstanding securities in exchange for their
135,000 court-house bonds.
Davidson County (P. 0. Nashville), Tenn.— Bonds Pro- holdings of old securities.
posed.
bill has been prepared lor presentation in the
Frankfort, Marshall County, Kan.— Bond Election AuState Legislature authorizing this county to issue $300,CO0 thorized by Legislature. The Legislature has granted perbridge bonds at not exceeding 4^ interest.
mission to this city to hold an election to vote on the issuance
Delaware, Ohio.—iiond Sale.— On March 14 the $4,100 5i of $25,000 coupon water-plant bonds at not exceeding 5% inl-lOyear (serial) coupon Franklin Street assessment bonds terest. Denomination, $100 to $500, Interest, semi-annual.
Cnm- Maturity, not more than twenty nor less than ten years.
described in V. 80, p. 885, were awarded to Hoehler
mlngs of Toledo at 103'91— a basis of about 4'20^. Following
Franklin, Ind.—Bond Election Proposed.— The School
Board, it is stated, has decided to ask the city authorities to
are the bids
Hoehler & Cummlngs, Toledo. |4,260 30 Seasontrood & Mayer, Clnein.. 14.234 75 call a epecial election to vote on the question of issuing $50,W. J. Hayes & sona, Cleve.... 4,860 OU First Nat. Bank. Bamesville.. 4,160 00 000 high schcol-buildiog bonds.
De Pere, Wis.— Bond Sale. This city on March 8 awarded
Gallia County ( P. 0. Gailipolig), Ohio.— Bond Sale,— The
an issue of $44,0C0 4% water- works- improvement bonds to highest bidder on March 21 for the $10,000 5% 2-5-year (serial)
N. W. Harris & Co. of Chicago for |44,230. Denomination, infirmary bonds described in V. 80, p. 1014, was that of the
Date, March 3, 1905. Interest, semi-annual. Matur- Cincinnati Trust Co. at 102'95— a basis of about 4'IC^. Fol|500.
ity, from 1910 to 1935, inclusive.
lowing are the bids
Derby, Conn.— Bonds Proposed.- Legislative sanction is Cinolnnatl TrnstCo., Clncln....l02'96 R. Kleybolte & Co„:New York.. 102-525
Hoehler & Cummings, Toledo.. 103-49
Weil, Roth &Co., Cincinnati... 102-92
being sought by this town for the issuance of $25,000 high
102'74
102'as6
New 1st Nat. Bk.. Columbus
Seasonsood & JMayer, Clncin
school bonds,
Sec. 8av. Bk. & Tr. Co., Toledo.. 102-026 Lamprecht Bros. & Co.. Cleve... 102-26
Dickson, TeBD,— Bond Election. An election will be held Oenlson, Prior & Co., Cleveland102-61 Union Sav. B'k & Tr. Co., Cin... 102-26
W. R. Todd & Co., Cincinnati. ..1C2-06
and Boston
to-day (March 35) to vote on the question of issuing $6,000 W. J. Uayes & Sons, Cleveland. 102-69 ProT Sav. B 'k & Tr. Co., Cln. 101-96
interest.
electric- light-plant bonds at not exceeding
Geneve, N. Y.— Bond 8ale.—0a March 20 the $25,000
Dodge City, Kan. Bonds Authorized by Legislature.— 93^ year (average) street-improvement bonds described in V.
The State Legislature has authorized the city to issue $20,000 80, p, 1072, were awarded to the Cortland Savings Bank at
water-plant bonds at not exceeding 5^ interest. Bonds must 108 072 and interest. Following are the bids
be voted before issuance and must be made to mature in
Cortland Sav. Bk., Cortland. 125, 768 20 N. W. Harris & Co.. N. Y
f 26,481 26
thirty years.
86,404 70
R. Kleybolte & Co., Clncin... 25,t5S0 00 Geneva National Bank
25.319
Douglas County, Kan.— Bonds Authorized by Legislature. W. J. Hayes & Sons, Cleve... 26,579 00 Farson, Leach & Co., N. Y.... 26,287 85
06
26,571 70 Kountzo Bros., New. York...
O'Connor & Kahler, N. Y
recently passed by the State Legislature authorizes
An Act
Neb.— Bonds
Geneva School District, Fillmore County,
the Board of County Commissioners to issue not exceeding
$30,000 bonds to repair damages to bridges caused by the Not Sold— Bonds Again Offered.— We are advised that the
floods of 1903 and 1904. Danomination, $1,000. Maturity, $29,900 4% registered school building bonds offered on March
15 years. Interest not more than 4V^^, payable semi-annually. 15 were not sold. The district subsequently increased the
Dong) as School District No. 27, Cochise County, Ariz.— interest rate to il4^ and again advertised the bonds for sale
20-year bonds offered on Feb, 27, March 24, wi*h wnat success we are not as yet informed.
Bond Hale.— The $15,000
description of which was given in V. 80, p. 727, were See V. 80, o, 1014, for description of bonds.
a
Grand Forks, N. Dak.— Bond Election.— An election will
awarded to W. H. Brophy of Bisbee for $15,500. Securities
be held April 3 to vote on the question of issuing $30,000
are dated March 1, 1905.
East Liverpool, Ohio. -Bond Election.— It is stated that bonds for the erection of a lighting plant or the purchase of
Electric Co.
this city will vote in April on the question of issuing $85,CO0 the plant of the Grand Forks Gas
Grand Rapids, Mich.— Bond Election.— The City Council
school-building bonds,
Deicription of Bond/*.— The $3,000 Q% coupon bonds recently has decided to sulamit to a vote at the spring election April 3
authorized by the City Council to pay obligations aiieicg the question of issuing the $104,000 3%% school bonds menfrom an epidemic of smallpox will be issued in denomination tioned in V. 80, p. 886.
Bonds Proposed.— hooal papers state that the issuance of
of $1,000, dated April 1, 1905. Interest, annual. Maturity,
$700,000 water bonds is being considered by the City Council.
$1,000 yearly on April 1 from 19C6 to 1908, inclusive.
Granger, Allegany County, N. ¥.— Bonds Legalized.—
Eliendale, N. 1}&k.— Bond Election,— It is stated that an
election will be held April 3 to vote on the question of issuing Chapter 29, Laws of 1905, legalizes an issue of $5,000 bonds
of this town.
bonds for sewer purposes.
Granger (Iowa) School District.— BoTjd -Saile.— This dision of Bonds. We are advised
ElliSTille, JMiss.—DescWpf
that the $20,OCO water bonds, the sale of which we reported trict has sold to a local bank an issue of |6,000 b% schoollast week, were taken by John Nuveen & Co. of Chicago, and building bonds.
Granite, Greer County, Okla.--Bonds Authorized by Legthe price paid was 101*25 for 53^ per cents. Denomination,
islature,—The Legislature has passed a bill authorizing this
laterest, annual.
Maturity,
Date, April, 1905.
$500.
town to issue $20,000 10-30 year (optional) water bonds at
twenty years.
Esstx County (P. 0. Newark, N. J.—Bo«d fale.- Oa March not exceeding %% ioterest.
Grunt Tcwnsbip (P. 0. Lawrence), Douglas County, Kan.
28 the $6fiO,CO0 i% 3!i><^-year gold park bonds described in V.
will offer for sale March 27
80, p. 1072, were awarded to Jno. D, Everitt & Co. and —Bond Offering.— This township
107'273. Following the $3,f 00 1-5-year (serial) flood-debt bords authorized by the
Farson, Leach & Co,, New York City, at
recent Legislature. A. A. Hicks ia Township Treasurer.
are the bids
Gray County (1*. 0. timarroxi) Kan.— Bonds Authorized
107-173
Kountze Bros.. New York
Jno. D. Everitt & Co. and FarBon, I.each & Co., New York.. 107-278 U. M. Grant & Co., New York .107-11
by Legislature.-The Statw Legislature has authorized this
11613
lOT-neS New York Life In». Co
N, W. Haleey 4Co., N. Y
county 1o issue a sufiBoient amount of bonds to redeem all
N. W. UarriB & Co., New York. 10'. -265
bearino; date prior to Jan. 15, 1905.
Excelsior, Mian.— Bond Sale.- On March 6 the $3,800 i% outstanding warrants
Denominations, rot lena than $500 nor more than $1,000. In8-year village-hall bonds described in V. 80, p, 727, were
Matuterest, not exceeding 6)5, payable Jan. 1 and July 1.
awarded to (ieorge A, Datoit of Chaska at par.
March 23 the $180,000 rity, not less than 10 years nor more than SO years.
Fall Klyer, MafS.— Bond 8ale.~ Oa
Bunds Authorized by Legislature.— The Board of County
(two iesute) 8J^$ 1 0-year bones were awarded to Adams &
Commissioners has been authorized by the State Legislature
Co. of Boston at UO'Sl— a baeis of about 3 44$K; and the $40,issue $5,000 bridge bonds at not exceeding 6^ interest,
000 8J^5f 60-year sewer bonds were awarded to W. J. Haves to
payable in January and July. Decomlnatlon, $500 to $1,COO.
& Sons, Boston, at 101 -675- a basis of about 8'41jf. See V. 80, Maturity limit, five to fifteen years.
Following are the bids :
p. 1184, for deecription of bonds.
Green Bwy, Wis.— Bonds Be/u«ei.— Both Spitzer & Co. of
10- y<ar.80- yrar.
Toledo and Mason, LhwIs & Co. of Chicago, the two best
$2V!.000
940,000
$168,000
Sfwer.
fark.
Municipal.
bidders at the sale on D2C. 7 of $5,0(0 4% reiunding and $12,100-61
101-41
luo-5i
AdaiDB & Co., Boston
101-16
100-15
1. 1«75
LOO i% bridge bonds, have declined to take the securities, for
W.J. Hayes &, Son«. Boston
101-641
1(jO-3HS
1C0'.SH8
N. W. Harris A Co.. Boston
the reason that the question of issuing the bonds was not put
100•7^0
10O-879
100!J79
K. U Day & Co., Boston
100-21
100 (57
ItO 21
Bloduet. M erritt & Co., Boston
to a vote. We are advised that the cify now intends to hold
100*16
oo-e7
100-ie
Blake Bros. * Co.. Boston
a special election to give the people an opportunity to sanc10114
Kstabrook A Co., Boxton
lOOWl
OeniHon, I'rlor & Co., Cleveland and ROit
idooo
tion the isyuunce of thfee bonds.
Greeite County (P. 0. Bloomfleld), Ind.— Bond and Loan
Finney C«>»inty (P. 0. Garden City). Kan.— Bond Offering..
W. McD. Rowan, County Clerk, is offering for sale an issue Offering,— Propoaala will be received until April 8 by Wil-
—
—
—A
—
&
I
|
—
—
.
H
. . .
H
:
I
|
—
H
&
—
:
I
,
I
I
.
|
-
1
—
Mas.
THE CHRONICLE
25, 1905.]
liam fl. Deckard, Connty Auditor, for $11,000 Q% bridge
bonds and a temporary loan of $8,000 as follows
:
5H,uuu
til 000 6* bridge bonds. Denomination, 1500. Maturity. $2,000 yearly on
<'*/^'^°«*',roml807 to 1910, Inclusive, and $3,000 Jan. 1. lull.
6,000 6% promissory note, due Jan. 1, 1907.
GrcenyiUe, Ohio.— Bond O^eringi.— Proposals will be received until 12 M., April 3, by Jos. C. Katzenberger, City
1-year fire-apparatns bond, dated
Auditor, for an $800
April 3, 1906. Certified check for $25 required.
brandy Center (Iowa) School Digtrlct.— Bonds Voted.—
This district on March 13 by a vote of 84 to 38 authorized the
No details have as yet been
iflsuanee of $3,500 school bonds.
arrangpd for the eale of these bonds,
H
Hammond
Township, Spencer County,
In6.-Suhsidy
Election,— The County Commissioners have called an election in this township on April 12 to vote a subsidy to the
Indianapolis & Ohio Valley Traction Co.
Hanford (Cal.) School District. —Bonds Defeated.— At a
recent election a proposition to issue $10,000 high-school
bonds failed to receive tbe necessary two-thirds vote. The
returns were 177 for and 98 against.
Hanover, Ont.—Dtbenture Sale,— This city has sold to
Wood, Gundy & Co. of Toronto $15,500 43^< local improvement debentures for $15,966 and Interest, becurittes mature
part yearly for twenty years.
Harrisbnrg (Pa) ScStool Digtrlct.— Bond Sale— Oa
March 20 the $85,000 A% building bonds described in V. 80, p.
1134, were awarded to E. H, Rollins & Sons, Boston, at
105-077 and interest— a basis of about 3 '59^. Following are
the bids
B. H. Rollins & Sons, Boston.. .105-077 Hayden. Miller & Co., Cleve.... 104-20
N. W. Haiser & Co.. New York .106-045 Lamprecht Bros. Co.. Cleve. ...103-94
Denison, Prior & Co. .Cleveland
MacDonald, McCoy & Co., Chic. .104-88
103 877
and Boston
Trowbridtie & Niver Co., Chic. .104-83
103-10
.ir4-761 Lawrence Bamum & Co..N. Y..
Kountze Bros., New Yorls
N. W. Harris* Co., New York. .104-713 Newberger Bros.;& Henderson,
W.J. Hayes*
Sons. Cleve
.104-67
Philadelphia
102-39
& Co., New York. .104-62 Pbllip F. Kelly, Philadelphia... 101-692
Hiawatha, Kan.— Bo«d Election Authorized by Legislature.— An Act recently passed by the State Legislature authorizes this city to hold an election to vote on the question
R. Kleybolte
of issuing $15,000 public-building bonds.
Hlekmim Connty (P. 0. Ceuteryille), Teun.— Bond Election Proposed. The election which was to have been held
March li to vote S100,C00 bonds ia aid of the proposed Tenneesee Industrial Railroad did not take place, having been
postponed fcr the present. The matter will be taken up
again at the April term of the County Court.
flfghland, Wig.- Bond Election,— An election will be held
March 28 to vote on the question of issuing bonds for an
electric-light plant.
Holly, Mich.— Bonds Fofed.—This village on March 13
authorized $5,003 sewer bonds by a votn of 227 to 112.
Holyofee, Mass.—Bowd O^ertngf.— Proposals will be received until
March 29, by Pierre Bonvouloir, City
Treasurer, for the following bonds:
—
2pm,
sa^ gold
registered gas and electric light bonds dated Nov. 1, 1904.
interest, May and November. Maturity, $3,000 yearly on Nov. 1 from
1905 to 1919, inclnslve.
95,000 S%% gold registered manlcipal bonds dated March 1, 1905. Interest,
March 1 ana Sept. 1. Maturity, $9,500 yearly on March 1 from 1900 to
$30,000
1915, inclusive.
1193
Clerk, for $4,800 5% Lake Avenue improvement bonds. Bonds
Denomination, $500, except one
will be dated day of sale.
bond for §300. Interest semi-annually on April 1 and Oat. 1.
Maturity, Oct. 1, 1906. Certifisd check on a Lakewood or
Cleveland bank for K% of bonds bid for, payable to the Treasurer of the village of Lakewood, required. Purchaser most
pay accrued
interest.
—
Bond Q^ering.— Proposals will be reLancaster, Ohio
ceived until 12 M,, April 15, by the City Auditor, for $15,000 i%
Danomiuation,
coupon market-honse-improvement bonds.
Interest annually at the
Date, March 1, 1905.
$1,000.
Maturity, $5 030 on March 1 of
office of the City Treasurer.
each of the years 1910, 1915 and 1920. Accrued interest to be
paid by purchaser. Certified check for 2% of the bonds bid
for, payable to the Treasurer of the City, required.
LangingTt Mlcii.— Bond Election.— At the spring election
this city will vote on the question of issuing $16,0C0 firedepartment bonds.
are adLaramie, Wyo.— Bonds Not Ytt Authorized—
vised that no action has yet been taken looking to the authorization of the $12,OCO reservoir bonds voted at the election
held last September. It is probable that these bonds will not
be issued for some time.
Lawrence Connty (P. 0, Ironton), Ohio.— Bond Election
Proposed. A petition is being circulated asking tbat a
special election be called to vote on the question of issuing
$150,000 new court house bonds.
Leominster, Mass.— Bonds Proposed. A bill is before the
State Legislature providing for me issuance of $100,000 ii
20-year blgh-scbool-buUding bonds outside of the debt limit.
Lexington, M-H.—Bond Election.— It is stated that an election will be held in April to vote on the question of issuing
We
—
—
bonds for a city hall.
Lima (Ohio) School District.— Bond SaZe.~Oa March 20
tbe $15,000 5% 1-15-year (serial) bonds described in V. 80, p.
1073,
106
were awardea to W.
726—a
J.
basis of about 4'01^.
W. J.Hayes & Sons,
Cleve... $16,009
16,977
a. Kleybolte & Co., Cincln.
Sec. Sav.Bk.4Tr. Co„Toledo. 16,h48
N. W. Harris 4 Co.. Ohio
16,042
Weil, Roth & Co. Cincln.
15,989
Uenison, Prior & Co., Cleve15,925
land and Boston
Hoehler&CummlDgs, Toledo l^,92l
Hayden, Miller & Co., Cleve,. 16,911
.
.
00
50
00
00
00
Hayes
&
Sons, Cleveland, at
Following are the bids
Un. Sav. Bk. & Tr. Co., Cin. .$16,902 00
Holzman & Co., Cincinnati... 15,870 00
NewlstNat. Bk.. Columbus. 15,870 00
seasongood & Mayer, Clncin 16,h51 ZB
W. R. Todd * Co., Clnrianatt. 15.835 00
F. L,. Fuller & Co.. Cleveland. 15,787 50
:
.
.
50
Lima Trust
60
00
First Nat.
Co.,
Lima
Bank, Barnesvllle.
16,7e5 00
15,415 00
Linton, Ind.—Bond Sale.— It is stated that an issue of
4^ per cent 5-14-year (serial) bonds have been sold at
$20,000
par.
Long Beach, Cal.— Bond OJ'cringr.— Proposals will be received until 12 M , March 27, by G. W^. Hargis, City Clerk,
for $30,000 b% convention-hall bonds. Denominasion, $500.
Date, March 1, 1905. Interest semi-annnally at the office of
the City Treasurer. Maturity, $2,000 yearly on March 1 from
1906 to 1920, inclusive. Cerrlfied check for $500, drawn on
some bank in California, payable to the City Treasurer, required.
L train, Ohio.— Bonds Authorized.— Oa March 8 the City
Council passed an ordinance providing for the i«8uanoe of
$33,000 4i^« coupon refunding tionds. Danomiaatlon, $1,000,
Date, Jan. 15, 19l)5. Interest seml-anaually at the Chase
National Bank. N«w York City. Maturity, March 15, 1920.
Los Nielos Valley Union High Seh<>ol District (P. 0.
Downey)., Cal.— Bonds De/'eated.- This district en Feb. 21
defe ited a proposition to is&ue bonds to erect a high-school
Separate bids to be made for each issue. L'^gality of tbe
bonds has been approved by Messrs. Storey, Thorndike, Palmer & Thayer, Certified ch^ck on a national bank for $500,
payable to the City of Holyoke, required.
Hnff Township, Spencer i'onnxj, lud.— Subsidy Election, building.
— Oa April 12 an election will be held in this township to
Madera School District, Madera Connty, Cal.— Bonds
vote a subsidy to the Indianapolis & Ohio Valley Traction Defeated.— At the election Feb. 25 the proposition to istue
Co, See itt-tn under the head of Hammond Township above. $25,000 pchool-building bonds failed to carry by a vote of 157
flnmboldt, Neb.— Bond Election troposed.—A petition is for to 228 against.
being circulated asking that an election be called to vote on
Madrid, Iowa.— Bonds Voted.— The election March 14
the question of isfeulcg $8,000 citj-hall and $2,000 park resulted in a vote of 182 to 84 being cast in favor of the propobonds.
sition to issue $14,000 water-works bonds.
Datails of issue
Independence School District, Montgomery County, Kan. and date of eale not yet determined.
Bonds Avthorized by Legislature.— The Board of Education
Muuehester (Iowa) School District.— Bonds Fofed.— This
has been authorized by tbe State Legislature to issue not district on March 18, by a vote of 212 to 135, authorlzed^the
more than $20,000 bonds to fund the floating debt of the dis- issuance of $11,000 school-building bonds. Date of eale and
trict.
Interest not exceeding Qi, payable semi-annually. Ma- other details not yet determined. Toe district has no debt at
turity, not less than five nor more tban twenty years.
present and the assessed valuation is $584,561, about 25;i
loia, Kan,— Bon^s Authorized by Legislature.— The State actual value.
lieolelature has authorized this city to issue bonds to take up
Manistee, Mich.— Bond Election.— An election will beheld
its floating debt.
Interest, not exceeding 8%, payable semi- April 8, according to reports, to vote on the qnestion of iseuannually. Maturity, not less than tea nor more than twenty ing $50,0C0 bonds for the purpose of inducing new industries
—
years.
to locate in the city.
Jackson, Ohio.
Bonds Fofed.— This place has voted
to
issue IGO.COO i-ewer bonds.
Kansas City (Mo.) School District.— Bond Election Prois talk of the Board of Education oilling an
pofed.— There
election to vote
on a proposition to issue $1,000,000 scaool
bonds.
Kershaw Coanty (P. 0. Camden), S. C.—Bond Sale.-On
March 7 $45,000 5% 20-year court-house bonds, dated April 1,
1905, were awarded to Weil, Roth & Co of Cincinnati at 1C6
—a basis of about 4-54^. Denomination, $1,000. Interest
annually in April.
Kiowa County School District No. 1, Knu.— Bonds Authorized by Legislature.- The i-suance of $1,500 ectiool- house-repair bontfs has been authorized by the Leglshitnre. The
Issue under the Act must first be passed upon by the voters
of the district. Interest limited to 6^, payable semi-annually.
Maturity, not more than twenty years nor lees than five
years.
Lakewood, Ohio.- Bond Oj^erinflf—Proposals will be received until 12 M., March 27, by flenry J. Sensel, Village
(Tex.) Scbo>l District —Bond Jf/ecMon Proposed.
is on foot to hold an election to vote on the
quedtion of issuing $10,000 school-house bonds.
Bonds Authorized.— The City Couno-il has
Marlon, Iowa
authorized tbe iseuance of $1,665 94 6;? coupon streetimorovement bonds. Denouiination, $500, except one bord
Date, Jan. 20, 1905.
Interest, annually on
for $165 94.
April 1 at tbe cffl-je of the City Treasurer. Maturity, $500
on April 1 of the years 1906 and 1907 and $865 94 on April 1,
Manor
A movement
—
1908.
Marion, Ohio.- Bond Q^cringr. —Proposals will be received
1, by S. T. Quigley, City Auditor, for $6,000
coupon fire-.stat?on bouda. Ddnomination, $500. Date,
April 1, 1905. Interest semi-annnally in March and Septem-
until 12 M., April
H
ber at the office of the City Treaeurer. Maturity, $1,000
on Pept. 1 from 1910 to 1916, inclusive. Certified
check for $500 required
Massachusetts.— i'ttccf.ssfw/ Biddera.—We are informed by
wire that N. W. Harris & Co. of New York, E, H. Rollins
Sons of Boston and Ot&o. A. Fernald & Co. of Boston were
y*>arly
&
THE CHRONICLE.
1194
the Bucoeaaful bidders yesterday at the salegof |2,300,000 S}4%
bonds of this State. We are not advised as to what allotment was made to each of these firms.
MasBllIo n (Ohio) School District.— Bjud EkcHon Proposed.— The Board of Education is considering the question
of holding an election to vote on the issuance of bonds to
pay off the fl lating debt and to make repairs to buildings.
To this end the board has passed an order instructing the
Clerk and Solicitor to draw up a resolution to submit the
proposition.
I
Vol. lxxx.
be received until 10 a, m. on that day by L. Bouanchaud,
Mayor, Denomination, $1,000. Date, Deo. 81, 1904. laterest, June 80 and D;c. 31 at the Bank of New Roads.
Maturity, Dec. 31, 1918, subjact to call $2,C00 on Deo. 81 of each of
the years 1908, 1910, 1912. 1914 and 1916. Certified check for
Bonded
10^, payable to the above-named Mayor, required.
debt, this issue. Assessed valuation, $148,000— about 20;r of
a
New
N.T.— Bond Sale.— Oa March 21 the $97,003
sewer construction bonds maturing $7,000
Bochelle,
registered
Menasha, Wis.— Bond Sale.—Oi M*rch 8 the City Council May 1, 1908, and $5,000 yearly thereafter were awarded to
awarded to N. W. Harris & Co. of Chicago an issue of $75,000 W. J. Hayes* Sons, Clev3land, at 104*097. Following are
i}4% water-works bonds for $80,550 and blank bonds free of the bids
charge. Bonds mature $3,000 in 1914, $4,000 yearly from W. J.Hayas 4 Sons. Cleve. $100,974 00 Farson, Leach & Co., N. T.. $100,669 90
B. H. Rolling & Sons. Bost.. 100,963 72 Blodget. Merritt* Co.. Bost. 100,527 89
1915 to 1924, inclunve, and |32,000 March 1, 1925.
N. W. Halsey & Co., N, Y.... 100,946 00 O'Connor &Kahler, N.Y.... 90,88090
Millersbarg, Ohio.— Bonds Auarded.—We are advised N. W.Harris & Co., N.Y
100,662 001
:
1
I
I
that the Village Council on March 18 reduced the total of
the 6^ South Clay Street bonds, bids for which were
opened on March 7 (see V.
80, p. 1073),
from
$3,619,
the
amount
originally offered, to $2,889 and awarded the bonds
to the highest bidder, the First National Bank of Barnesville.
The bank's bid at the sale was $53 premium on the larger
amount, and this premium was proportionally reduced
to 147.
Milwaukee, Wis.—Bond Sale.—Oo. March 22 the six issues
of i% 1 20year (serial) coupon bonds, aggregating $620,000,
described in V. 80, p. 1073, were awarded to R. L. Day
Co. and Estabrook
Co. of Boston at their joint bid of
104'197—a basis of about 3*519^. Following are the bids :
&
&
. li. Dst! & Co. and lEstabrook & Co.. Boston
$610,021 10
Blake Bros. & Co. and
Kountze Bros., N. Y
644,490 00
E. H. RoUins & Sons and
N.W.Haleey &Co., Chic. 644,430 00
Minerva, Ohio
W. J. Hares &, Sons, Cleve.. 648,467 00
Blodeet, Merritt &Co., Bost. 642,630 80
N. W. HHrris & Co. (for
S44v,000)
457.188 00
Ciiizens' Tr. Co. (for $80,000). 82.620 00
—Bond O^ertng.— Proposals
will
be re-
by R. T. Davis, Village Clerk,
1-10-year (serial) town-hall bonds.
Denomina-
ceived until 12 M., April
for $4,030
MacDonAld,McCoy&Co..Chl.l«43,«82 00
5<g
8,
March 1, 1905. Interest, semi-annual. Acbe paid by purchaser. Certified check for
B% of the amount of bonds bid for, payable to the Treasurer
of the village, required. These are the same bonds awarded
on Feb. 20 to Djnison, Prior & Co. of Cleveland and Boston,
but which were subsequently refused by that firm on the
ground, as claimed, that the issue had not been advertised
tion, $400.
Date,
crued interest to
properly.
Mohawk, N,
Bonds Legalized.—A.n issue of $30,000
and improvement bonds of this district is legalY,
water, light
ized by Chapter 72, L<\W8 of 1905.
Monroe Coanty (P.O. Woodsfleld), Ohio.— Bond Bleetion.—
This county, it is stated, has decided to submit to a vote of
the people the question of issuing $176,000 court-house bonds.
Monrovia, Cai.— Bond Election.— An election will be held
April 17 to vote on the question of issuing the following
bonds:
$10,000
2,000
2.000
16,000
6 poo
26.000
b%
es
b%
6%
h%
pablic building bonds of $400 each.
fire-apparatus bonds of $200 each.
library bonds of $200 each.
"water bearin(r land" bonds of $500 each.
park bonds of $800 each.
Series 1, twenty-six bonds of $250 each; Series 2,
l>% water bonds.
twenty bonds of $200 each: Series 8, thirty bonds of $8C0 each;
Series 4, eighteen bonds of 1250 each; Series 6, twenty-five bonds of
$2o0 each.
All bonds are to be dated June 1, 1905.
Montour Falls, N. Y.— Bonds Legalized by Legislature.—
An issue of $3,000 street-improvement notes of this place is
by Chapter 59, Laws of 1905.
Montrose, Colo.—Bond Ojfering.— Further details are at
hand relative to the offering on April 1 of $100,000 5% gold
coupon water-works bonds. Proposals for these bonds will
be received until 2 p. M on that day by Laura Callaway,
Town Clerk. Denomination, $1,000. Date, April 15, 1905.
Interest semi-annually at the office of the Town Treasurer or
legalized
at
Kountze Bros,
in
New York
City.
Maturity, April
15,
1920, subject to call after Oct. 15, 1915.
Certified check for
2% of the amcuat of bid, payable to the Mayor of Montrose,
required. Total debt, including this issue, $154,600. Assessed valuation 1904, $582,168.
Monising, Mich.— Bond Election' It is stated that this
city will vote on the quastion of issuing $40,000 bonds this
—
spring.
See V.
80, p, 1185, for
description of bonds.
New York
City.—Bonds Authorized,— By Chapter 27,
Laws of 1905, the city is authorized to issue $1,250,000 bonds
for improvements to the Metropolitan Museum of Art.
Niagara Falls, N. Y.—Bonds Proposed.- The Legislature
will be asked, it Is stated, for authority to
ficiency bonds.
issue $50,000 de-
North Adams, Mass.— Bond 8ale.—0n March
1 this city
of Massachusetts at par $30,000
Sy^t street- widening and extension notes and $6,000 8^^
Board of Health notes. Denominations, $1,000 and $600.
Date, March 1, 1905. Interest, semi-annual. Maturity, yearly
to 1915.
North Fort Worth (Texas) School District.—Bond Election.— An election will be held March 28 to vote on the question of issuing $23,000 school building bonds.
North Hempstead (Town), N. Y.— Bonds Proposed.— At a
meeting of taxpayers held on March 1 a resolution was passed
recommending the erection of a town hall and the issuance
of $30,000 bonds to pay for the same.
Norwich, Conn.— temporary Loan.— This city some time
since negotiated a call loan of $164,000 at if with the Norwich Savings Society. Loan is dated Jan. 2, 1905.
sold to the
Commonwealth
Norwood (Ohio) School Distriet.- Bond Election,— An
election will be held April 8 to vote on the question of issuin $26,000 school- house-improvement bonds.
Nymore, Beltrami County, Mian.— Bonds Not Yet Sold.
The $4,000 Q% gold coupon fire-protection bonds offered on
Dacember 5 have not yet been sold.
are advised that
the village again submitted the question of issuing these
bonds to a vote and that tbe proposition carried a second
time; also that it is the intention now to sell the bonds to
the State.
Oakes, N. Dak.—Bond Election.^We are advised that this
eity desires to place $20,000 20-year sewer and water bonds.
Part of this issue, however, must first be authorized by the
voters at an election, which will be held early in April, before the bonds can be offered for sale.
Oakland, Cal.— Bonds Defeated.— The proposition to issue
$5,700,000 water bonds failed to carry at the election Mtir, 11,
the vote being 4,415 for to 5,208 against.
—
We
Oakley,
Kan.—Bonds Authorized by
Legislature.— The
State Legislature has passed a bill authorizing this city to
issue $1,200 jail bonds at not exceeding Q% interest. Maturity within 15 years.
Oswego, N. Y.— Bonds Authorized by Legislature.— ChA^ter
63, Laws of 1905, authorizes the issuance by this city of
$350,000 water-supply bonds.
Panola Coanty (P. 0. Batesville). Miss.- Bond Offering.—
Proposals will be received until 12 m , April 3, by T. T.
O'Bryant, Chancery Clerk, for $50,000 A^% 20 year bonds.
Danominatlon, $500. Date, about May 1, 1905. Interest,
annual. Certified check for 10^ of bid required.
Perry County (P. 0. Hattiesburg), Miss.— Bonds Proposed,
The Board of Supervisors of this county has given notice
that at a meeting of the Board to be held on April 8 proceedings win be taken to Issue $iO,000 1-25 year (serial) bridge
bonds at not exceeding 6;^ interest. Denomination, $500.
Pittsburgh (Pa.), Morse Sub-School District— Bond Offering.
— Proposals will
be received until 2
p.
m March
,
John MoKaln, Secretary, for $50,000 ii bonds.
29, by
Denomina-
Date, April 1, 1906. Interest semi-annually.
$1,000
Maturity, $2,000 April 1, 1906, and $8,000 yearly thereafter.
Bonds are free from tax.
Pleasant Ridge, Ohio.— Bond 8ale.—Oa Mirch 20 the
$1,050 5% 1-5-year (eerlal) sidewalk bonds described In V. 80,
Todd
Co. of Cincinnati at
p. 1016, were awarded to W.
tion,
C—
Nelson, B.
Debenture Q^cring. —Proposals will be received until 12 M April 8, by John Houston, Mayor, for
$150,000 5i? debentures, dated April 1, 1905. Interest semiannually at the Bank of Montreal in Nelson. Securities will
,
run for twenty years.
New Castle, Del.— Bonds Proposed.— This city seeks
legis-
lative authority to issue $50,000 bonds.
New Castle, Ind.— Bonds to be Jusued.-The City Council,
it is stated, is preparing to Issue $30,000 4% refunding bonds.
New Castle, Pa.— Bonds to he Issued,— It is stated that an
issue of $85,000 bonds will be put out for the erection of a
school house.
New Madrid, Mo.— Bond Q(ferfnflr.— Proposals will be received until 8 p. M., April 8, by W.
Copeland, City Clerk,
for $12,000 5^ coupon water-works bonds. Denomination,
Date, June 1, 1905. Interest semi-annually at the
$1,000.
Commonwealth Trust Co., St. Louis. Maturity, June 1, 1925,
Bubj-jct to call after June 1, 1916.
Certified check for 2% of
the par value of the bonds bid for, payable to the City Clerk,
H
required.
New Roads, La.— Bond Q^erinflr.— Farther detai's are at
hand relative to the offering on April 1 of $14,000 5% gold
coupon water-works bonds. Proposals for these bonds will
&
R
101047 and Interest— a basis of about 4^^^.
the bids
Following are
:
R. Todd & Co.. Clnoln
$1,061 00
First Nat. U'k. BarneBTllle.... 1.066 00
W.
I
W. H.
T^lttle
& Co.,Clnclnnatl.$l,050 00
I
Polk County (P. 0. Dos Molaes), Iowa.— Bids
Rejected.
of Supervisors has rejected the bids received
March 14 for the $100,000 court-house bonds described in V.
The bonds will b3 re-alvertised.
80, p 888.
Port Angeles, Wash.— Bonds H^if/idratcn from Market.—
are advised that the $14,00) Q% light-Improvement bonds
described in V. 79, p. 521, wbioh this city has been offering
for sale have not been placed. The City Council has directed
that the bonds be withdrawn from the market for the reason
that the condition of tbe city's finances does not now require
the creating of such an Indebtedness.
Paeblo, Colo.— Bond Miction. An election will be held
April 4 to vote on the qiestlon of issuing $43,000 refunding
—The Board
We
—
bonds.
Mar.
THE CHRONICLE.
25, 1905.
Biimapo U^iion Free School District No. 7, Bocklaiid
County, N. Y. -Bonds Legalized.— Bonds of this district to
the amount of $33,0C0 are legalizad by Chaptsr 76, L\W3
of 1905
A
special election, it Is
Beadiiigr. Ohio —Bond Election.—
stated, will be held April 3 to vote on the qaestion of issuing
$27,000 bonds for the improvement to the water and light
system.
—
—
Boe&TilJIe, Coab. Bonds Authorized bj/ Lcginlature. Tbe
State L-i-glslature has passed the bill authorizing this city to
issue $75,000 filcration-plant bands.
Boeebnd Couistj (P. 0. Forsyth), Mont.— Bond Offering,—
Proposals will be received until 10 a m., April 22, by Rjbt.
10-20 year (optional)
J. Colo, County Clerk, for |45,O0O
Interest, semi-annualy at the
coupon refanding bonds.
D-uomination, $1,000. D^to,
offije of the County Treasurer.
July 1, 1905, Bjnds are ex>3mpt from taxes. Certifirjd check
for $2,000, payable to the County Treasurer required. Authority for issue, Section 4240 of the Political Code of
H
Montana,
Saginaw, Mich.— Bond OJ'enng.— Proposals will bo received until 2 p M., Mar. 27, oy Wm. SeyfE^rdt, Comptroller,
for $10,000 i% Westyrn Taxing District sewer boads. Danomination, 11,000. Date, March 15, 1905. Interest semiannually at office of City Treasurer. Maturity, $1,000 yearly,
A certified check on a Saginaw bank or New York draft,
payable to the Treasurer of the city of Saginaw, for 2% of
—
f5,000 fire-engine bojids.
Sanit Ste. Marie, MSch,— Bond 0^(iri»*gf.— Proposals will
be received .?.t any time by James McK:nna, City Comptroller, for the $15,000 gold coupon paving bonds mentioned in
Denomiaation, $3,C00 (this may be
iasr, week's Chronicle.
changed). Date, March 15, 1905, latereat (not over 6^)
itional B mk. Maturity, $3,000
semi annually at the Chase
yearly on March 15 from 1906 to 1910, inclusive,
N
Sattle, W.s8h. —Bids.— Following are the bids received
10 for the $210,00.) light-plant and the $175,010 building bonds awarded, as stated last week, to N. W. Hilsey
C.J. of Ch'.-iago at 103 -83 for i% SO-year bonds :
March
&
N.
W. Halsey
f
In-
I
stltut'n, St.Louis
1
I
Travers Bro. &Co.
$2i 0,000 .102'917
20(»,0c0 ..lOH-oOl
100,000
100,100
200.000
200.COO
l,00i,ono
.108009
Whitaker & Co..
National
102-167
S00,"00. .103-993
300,000. .103-013
100,000. .103-021
mana
I
Miss. Valley Tr. Co.. 1,000,<10J.
.1'
'2-314
26,000. .101 77
60.000. .vn-Qi
60,000. .101 53
25.000. .101-37
International Bk.
25,000. .101-22
25,000. .101-07
Lor 200,000. .101-465
BlodgeMMerritt&Co. 1,000,000. .101-218
N. W. Halsey
500,000. .101-06
Co.
.
'{
I
&
Sdlem, Mass.
!1,OCO,000 ..101-06
250,000 ..101-05
.100-70
260,0(
250,000 .100-36
250.000 .100 00
l.OOO.CCO .100-876
Franklin Bank. ....-(
103-1605
250,0C0
J
Louis Un. Tr. Co.
.103-79
.104-491
.106-10
260,01)0 .102-198
Wernse & Dieck-
St.
Bank
Commerce
of
&
Co.,
R. Kleyb
lite
1,000,000.. 100-87
..
KouDtze Bros and
B. H.
Sons,
Bolllns
&
1,000,000. .100-822
1,0(JO,000. .100-777
Mercantile Trust Co.
Missouri-LlncolnTr.
Co
& Hays
Little
vestment Co
&Co., Chicago—
|12,"00 premium for l4-,ift,000 4? 2>year bonds.
5. 000 premium for $425,000 i% l-O-20-year (optional) bonds.
Trowbridge & Niver
Co.,
Chicago—
premium for 4176,i)Oii4* 20-year bonds.
premium for ?'360,000 i% 10 20-ye*r (optional) bonds.
Maion, Lewis & Co., Chicago; Estabrook & Co., New York, and Denlson Prior
§<,Hi7
1,017
&
Cleveland and Boston
*N817 premium for $«25,o0t i% 20-year bonds.
Co.,
ii8,6S7
535
14,343
W.
N.
premium for $U5,ooi> *ig< 2ij-year bonds.
premium for $433,000 4^ 10 20- year (optional) bonis.
premium for »425,000 i}4% 10-20year (optional) bonds,
60
Harris
& Co., Chicago—
18,-40 premium for *4-35,000 i% 2:)-year bonds.
3,870 premium for $125,003 i% 10-20 year (optional) bonds.
* Sons, Chicago—
E. H. Rollins
$1,540
1,005
,S0,217
18,105
premium
premium
premium
premium
for
for
for
for
$125,000 i% 20 year bonds.
«4ai,000 i% 10 20 year (optional) bonds,
$t23,00 ) 4>^« 20.year bonds.
$4i!5,0L>0 4>6% 10 20-yeiir (optional) bonds.
Washington Trust Co,, Seattle -Par for $176,000 i% 20-year bonds.
Kountz* Bros,, New York—
about 3-242^
Germai Sav'gs
195
Siinta Paula, Cal.— Bands £>e/eaied.—This town has voted
against a proposition to issue |20,000 5^ town-hall bonds.
Santa Kosa, Cal.— i-ord Election.—h: Is stated that an
'flection will ba held in this ciiy to vo-e on the issuance of
$72,500 sewer, $72 500 water, $50,000 bridge and street and
bonds bid for required,
St. Louis, Mo.— Bo;id B d-f —Following are the bids received March 15 for the $1,000,000 d^i renewal bonds
awarded, a? stated last week, to the German S^viog-i lastitntion of St. Louis at an average price of 108'7817 a basis of
J
1,000.000.. 100-76
In1,000,OCO
iio-TS'ie
People's U. S Bank. 1,000.00),,.100-753
A.G.Ed ward3& Song. 1,000,000 .lOU-69
Farson. Leach & Co. 1,000,000 ..11 0-297
G.H. Walter* Co.. 500,000 ..100-06
$'i4,9 )6
premium for $425,000 4^JS 20- year bonds.
premium fur $185,000 ii4% 10-20-year (optional) bonds.
13.217 50
W.
D. Perkins
& Co.,
Seattle-
premium for $176,000 i}4% 2f>-year bonds.
premium for $176,000 4^« 10-2i)-year bonds.
premium for $,<6i>,0, 4^* 20-year b mds.
premium for 8250,000 iliX 10-20-year bonds.
W. J. Hayes & Sons, Cleveland—
$11,113 premium for $175,000 i^i 20-year bonds.
6,301 premium for $175,000 i}4% lO-20-year (optional) bonds.
15,876 premium tor $2^0,000 ifi% 20-ye*r bonds.
9.001 premium for |260,0o0 iii% 0-20 year (optional) bonds.
Union Savings Bank & Trust Co., Cincinnati—
$12,550 premium for $260,000 i}4% 20-yeHr bonds.
8,755 premium for $175,000 i;i% 20 year bonds.
Adams-Phillips Co Los Angelts—
$5,975 premium for $426,000 4 1-5^ 20-year bonds.
$10,600
6.000
12,675
7,626
J
,
.
Sedalia
(M
p.)
Sehool District
—Bond
0#ertng'.— Proposals
by A. W, McKenzie,
Secretary, for $2'i,000 4^5 20-year coupon funding bonds.
Bond Sale.— Thia city on March 20 awarded
to Wm. S. Felton & Co, of Salem a registered loan of $9,500 D.-nomination, 1 1,000 or less. Ddte, June 1, 1905. Interest,
carrying i% interest. Denominations, $500 and $1,000. Date, semi-annual. Certified check for $5C0 required,
SherodavlUe, Ohio.— Bond Sale.—Oa March 18 an issue of
March 1, 1905. Maturity, $5,000 March 1, 1906, and $4,500
March 1, 1907. Sjveral bids were received from Boston $1,000 5^ fire-department bonds dated Feb. 4, 1905, was
warded to the First National Bank of Barnesville at 101*10
bankers,
Denomination, $200
Interest, annually in
Salem, Ohio,—Bond Sale.— On March 18 the $17,000 5^^ and interest.
October. Maturity, $400 Ojt. 1, 1905 and $600 Oct. 1, 1906.
1-17-year (-lerial) street and alley-debt-extension bonds deSmith Center, Smith Connty, JiAn.— Bond Election Authorscribed in V, 80, p. 888, were awarded to Radolph K'eybolte
& Co., Cincinnati, at 107*75 -a basis of about 8*968jJ, Fol- ized.— The State Legislature h,^s authorized this city to hold
an. election to vote on tbe question of issuing |17,0C0 bonds
lowing are the bids
to fund the floating debt.
Denomination, $1,000, laterest
E. Kleybolte & Co., Cincln. .118,317 50 W. E. Moss & Co., Detroit. ...*18,02^ 60
W. J. HrtTBK * Sons, ';ieye. 18,150 00 Hoehler&CummlnKS, Toledo 18,025 00 not to exceed 1^, Maturity not more than twenty years,
State Sav. Bank & TrustCo. 18,117 60 Weil. Roth & Co.. Cincinnati. 17,«'8 00 optional at any time.
TJn.Sav. Bk.&Tr.Co., Gin.... 18,07100 Hayden. Miller* Co., Cleve
17.. 74 80
South Cato\ina.—Legislation.—The State L-^gislaturs prior
LamprecliiBros.&Co.,Cieye. 18,067 00 Albert C. Case, New York.... 17,065 40
Dentson. Prior 4 Co. .CleveF. L. Fuller & Co., Cleveland. 17,W36 Oo
adjournment Feb. 18 passed, among others, the following
land and
10,065
will be received until 8 P. M., April 10,
.
=^
:
.
. .
.
.
Boston
90
SeasouKOodSMayer, cm.... 18,05175
First Nat. Bank, Barnesville. 17,510 00
San Antonio, Texas,—Bonds Voted and Defeated.— At a
special election held March 3 the issuance of $43,000 bonds of
Improvement District No. 9 was authorized, while the iesuanoe of $55,000 bonds of Improvement District No. 10 was
defeated,
San Batgnayeat^ra, Ca!.—Bond Election.— An election
will te held April 22 to vote on tha question of issuing $100,
003 wa-er, $25,000 electric light-plant and $10,000 storm-^
sewer bonds.
San D ego, Cal.— Bond Election Proposed. —The Board of
Directors of the Chamber of Commerce has put itself on
record as favoring an election to vote on the qnestion of iseuiug $50,001 road and boulevard bonds,
Smduskj, OhI>.— Sond Sale.—'N. W. Halsey
Co, of
Chicago wero the highest bidders on March 17 for the $10,000
lO-yaar refanding wa*-er and the $7,500 i% 15 year
Monroe Sreet water-main-extension bonds described in V,
The bida ware as follows
80, p. 889.
&
H
:
-PremiumBonds.
tll7 50
» 7,500
Bonds,
«16'^ 00
1 15 00
li'5 Oil
$10,000
N. W. Halsey & Co.. Chicagi
Commrclal National Bank, Sandusky
N.
Hirris & Co., Chicago
Well, Roth & Co., Ci .cinn.iti
Seaaongood A Mayer. Cincinnati
W
R. Kleybolte
Centra
67 00
40 50
S3 76
32 50
& Co, Cincinnati
TfuHA
Safe Deoosit Co
Americun Bunking Co Sandusky
Holzmin & Co., Cine nnati
W. R. Todd & Co., Cincinnati
7oB6
60
25 00
4')
2100
2110
,.
,
"
,'
,.,
10 95
lo 00
Par
61 35
10 00
Par
Sanf >rd, Me.— Bond SaJe.—This place recently sold at private eale $ .8,000 .S3^« sewer bonds to Luther R. Moore of
S CO at 99. T.jeee securities take the place of the $59,000
3^4% sewer boLds awarded last December to E H. Gay & Co,
of Boston, which Pali was never consummated,
S inta Monica, Cal,— Brnd Election Proposed.— The question of calling an elecHon to vote on the issuance of sewer
ani municipal bondd is bei^g conaidered.
Acts
Darlington Co. High 8ch Dist. No. 12— Authorizing eohool-bulld-
ing-
bonds.
Ellokee 80H.
Dist. No. 70,
Obangebueg Co.— Aathorlstlng
sohool-
bntldlog bonds.
FoBK School
Dist. No. 26,
Mabion Co.— Authorizing
building
h^nds.
Greenwood
8ch. Dist.— Authorizing loan to pay
JKFFEBSON SPECIAL 8CH.
DlBT.,
ofl
indebtedaesa.
CHESTEBFIELD CO.— Authorizing
bonis.
JoNESviLLE ScH DiBT., UNION Co.— Authorizing building bonds.
Liberty 8ch. Dist. No, 11. Pickbnb Co.— Authorizing bonds.
MuLLiNS SCH. District No. 34, Marion Co.— Authorizing building
bonds.
Newbbrrt
Co. 8oh. Dist. No. 14— Authorizing bonds.
NbwbebbtCo. 8cH. DI8T.No 52— Authorizing sohoolbuUdlug bonfls.
North Augusta Sch. dist. No. 6t5, Aiken Co.— Authorizing sohoolbulidlug bontis.
Orangeburg
Co. Sch. Dist. No.
36—Aathorlz'ng
school bond elec-
tion.
Orangeburg
BOHOLO Sch.
Co. 8cH. dipt No. 65— Authorizing building bonds.
Dibt. No, 40, Lancaster Co.— Authorlz;ng $12,000
sohoui bonds.
Spartanburg Sch. Dist
— Authorizlag building bonds.
Wagsneb— Authorizing the Issuance of public Improvement bonds.
South Omahd, Neb.— Bowd Election.— The City Council
bas called an election Aoril 4 to vote on the propositions to
)s^ue 170,000 city-ball and $40,000 park bonds. These bonds
MTti to take the place of those voted last November, whijh the
Cou'-t recently declared invalid for the reason that the petlcloo calling the election was defective.
Spencer, N. C.— Bond Election.— An election will be held
A.pril 18 to vote on the question of issuing $70,00 bondls for
sewers, for street improvements and for the erection of a
Sihtwl building.
Spriagfleld, Ohio.— Bond OJTerir*:'/. -Proposals will be received until 8 P M., April 11, by Chas. C. Ban r, Clerk of
Council, for $28,000 4% coupon city-hoapital bonds. Denomination, $1,000. D.ite, M-;,rch 1, 1905. Interest, semi annnuMaturity, |15,000
aliy at thn offi ;e of the City Treasurer.
March 1, 1923, ar.d $13,^00 March 1, 1924. Certified check
tor $1,(0) reqnired.
)
THE CHRONICLE.
1196
Bond Electicn.—A
special election bas been called for
2 to vote on the is; nance of |225,000 bonds for the purpose of oonstrncting an outfall and main intercepting sewers and for sewage- disposal workp.
Springfield, Jt.—Bond Ojferingf.— Proposals will be received until 2 p. M, April 6, by the Trustees of the Springfield
Village, R. G. Britton, Chairman, for $150,000 4^ water-supply
May
Denominations, $500 and $1,000. Date, April 1. In
semiannual. Maturity, $5,'- 00 yearly, beginning in
Autb.rity for issue, Acts of the State Legislature of
1904 and vote taken at a village meeting held March 18, 1905.
Herbert H. Blanchard is Attornf y for village.
StarkTllft, mss.—Sond Election.- On April 15 an election
will be held to vote on the question of issuing $8,000 water
and light- plant-improvement bonds.
SteiibeLTllle (Ohio) School l^istrict.— Bond Election.—
An election has been called for April 8 to vote on the quesbondH,
terest,
1915.
tion of issuing $^0 000 school-building bonds.
Strong City, Kan.— Bond Elzction Authorized— An Act
recectly p ssed by the State Legislature permits an election
in this city to vote on the issuance of not more than $5,CC0
bonds to purchase real estate and buildings theron for use ag
a public huildtcg.
to be LegaVzed.—We are advised by
the Ciry Clerk tbat the city authorities have deemed it best
to have the State L' gislatnre validtte the $140,000 5^20 50year (optional) park bonds vot d at the election Jan, 24,
1905.
As th( Legislature does not meet until April nothing
will be done biifore that time.
Ttiledo, Ohio.— Bond Sale.— On March 22 the $100,000 i%
9-year gfrneril-fund refunding bonds described in V. 80, p.
1075. were iiwarded to the Second Natlor.al Bank of Toledo
at 102-087 and interest- a basis of about 3 •72)^^. Following
Tampa, Fla.— Bonds
are the bids
&
&
SecoEd NHt. Bank, Toledo. .$102,C8" 0^
Set Sav. Bank & Tr. Co., To-
Central Tr.
Well. Both
I'^i.QfQOO
ledo
R. Kleybolte & Co.,Clncin
101.910 00
HoehleriCummirgs, Tol.. 1111,75000
SeasonKood & Mayer, Cin... 101,678 i^5
Un. Sav. Bk.
...
D. Co., Cin. $101, 600 00
Co., Clnoln.... 101, 83 00
lOi.541 oo
S.
W. J. Hayes 4 Song, Cleve..
Spitzer & Co.. Toledo
& Tr.
Co., Cln.
lOl.f'27 00
101.620 00
.
Ticondercga Uiilon Free School Di&trlot No. 5, Essix
COBnty, N. T. -Bond Offerv gr.— Proposals will be received
until 2pm., April 10 by W. W. Richards, Treasurer Board
NEW
of Education, for |45,000 i% school bonds.
bond for $1,000.
Interest,
|2,000 except one
1 at the National
RENEWAL BONOS.
Bonds to be renewed: Classes A and B, aggregating $7,437 ,ero, maturinft July 1st, 1906; Class C, aggrepaf ing 1966,000, maturing Jan. Ist, 1906.
Character of Bond: Klfty-yiar gold bonds, In denominations of either $100, $^00 or $1,000, gaid bonds
to be coupon or registered, at option of bidder; In-
North America, New York City,
1916 and $3,000 yearly on Nov. 1
1,
from 1917 to 1938, inclusive. Certified check for $500 payable
to the Treasurer required.
Bonds may be registered or
coupon at option of purchaser.
terest payable semi-annually in Montgomery, Ala
bama, or New York City State of New York. Bide
for entire issue, or any part thereof, not less than
for $100, are Invited upon following terms:
1.
8.
Bank
The
official
notice of this bond offering will be found amcfig
B.
Stewart, Clork Board of Education is offering for sale $78,500
i% 39-year building bonds.
Traverse City, Mich.- Bonds Proposed, The Board of
Trtde recommends the issuance of $100,000 bonds to encourage new industries to locate in tbat city.
Troy Towcsbip, Perry Coiinty, Ini.— Subsi'y Election,—
The County Commissioners have called an election in this
township on April 10 to vote on the question of granting a
subsidy to the proposed electric line between Evansville and
—
Tell City.
Yi toria, B.
C— Debenture Sale.— Oa
ing debentures were awarded to
ronto :
Denomination, $1,000.
Date, Feb.
—
INVESTMENTS.
LOANS.
Dist. No. 5
4%
ERVIN & COMPANY,
N.Y.,
BANKERS,
Bonds.
Members
13, 1905.
NEW YORK
CITY
approve.
The State will exchange with accepted bidders,
any time after acceptance of old, new for old bond
eing given the bidder for diflerence in inter
est to date of maturity of old bondH. No bid offer
iBg less than par will be considered. The State reserves the rivht to retire present bonds to an
amount not exrc dinK $K00,000 Bids will be received at the Governor's Office at Mon-gomery until
12 o'clock M., Al'lilL 4, lOc-^, and will be opened immediately. Not Ice of acceptance or rejection will be
given each bidder by letter mailed in Montgomery
not later than April 19, 1905. Envelopes containing
bids must be luldreHsed to the Governor of j^Islhereon
bama, and have Cinspictiouifly written
"Bids for Itenewal U'nds, Stat^i of Alabama." The
State reserves the r'ght to reject any and all bids.
For further infoimatlon, apply to tbe (»• vernor of
credit
Alabama.
H.M.CUNNINGHAM,
Llentenint and Acting Governor.
BOHDS sfggK CERTIFICATES
Also
Handsomely ergraved;
43 Exchange Place,
New York.
R.
H. C. Speer
&
159 La halle
COUNTY
AND TOWNSHIP
CITY
Compan)'
St.,
Philadelphia.
& CO.,
8 Nassau Street,
35 Congress Street,
BOSTON.
NEW YORK
MEMBERS
YORK AJS'D
BOSTOIS
STOCK EXCHANGES.
T.W.STEPHENS &00.,
2 Wall Street,
New York
STATE, MUNICIPAL, AND HIGH GRAD
RAILROAD SECURITIES.
Trowbrif
ge&
Niver Co.
MUNICIPAL AND PUBLIC SERVICE
&
INVESTMENT BOND^
BONDS.
Burr
Perry, Coffin
60 State Street,
Ist
CHICAGO,
Nat, Bank Bldg.
SPUM/C/PAL
INVESTMENT BONDS.
Oo,,
CORPORATIOK
Saile Street, ctxicagCi
Blouget, Merritt
&
Co.,
BANKERS
LIST.
i6
OENISCN. PRIOR & CO
CLEVELAND,
AMD
4
Street.
BONDS.
mt La
teNO FOR
BOSTON,
60 State
MacDonald, MoOoy
BOSTON.
Chicago.
BONDS.
Brexel Building,
DAY
L.
2S"EW
ALBEKT
EalablUhrd 1883.
FOR IXVESTIHENT.
BOBfDS
TAX EXEMPT BONDS.
steel-plate fffect.
the che!i.>pr kind, partly lithographed and partly
printed from type. 100 Stock Certificates, $3 to
$25; the !atter ei;KrHved with steel-plate borders
—elegant. Seal I'ress, If with Certificates, $1 50.
B. KING & CO., 112 William St., N.Y
{Telephomi.)
Engravers and Lithographers.
New York Stock Exchange,
Philadelphia Stock Exchange.
BANKERS,
and 3}^%
!
i
j
(
refunded- sixty days before the maturity of the
present bonds, Into such depository as mny be
desiguafed by the Governor, or in lieu of the above
designated payment, such guaranty as the Gc/Vernor
may
Interest, semi-
1905.
Victi'rl», Tex.- Bond Election Prcposed.— The matter of
hoidirg an election to vote on the question of iesuing $15,000
fewer bonds is being considered.
Wapanncka, iLd. Tcr.— l^'onds Voted. This town, at an
eleciion held March 13, voted to issue |8,000 school bonds.
Wardeicr School District No. 6, Shoshone County^ Idaho.
—Bond Sale.— The $15,000 5^ 10-20- j ear (optional) schoolbuildJBg bonds voted at the election held Dec. 27, 19'4, have
been so;d to ihe State Land Board at par. Denomination,
Ddte, Jan. 1, 1905, Interest, semi-annual.
SI, COO.
Warsan, Wis.— Bond OJ'eriTjflr.— Proposals will be received
until 12 M. to- day ^March 25) by Chas. F. Beck. Ci*y Clerk,
for $125,000 i% oonpon bonds, of which $90,000 will be used
•)
3%
1,
annual,
Stale.
The entire amount of each accepted bid, or bo
much as may remain unpaid, must be paid in lawful
moueyof the United States or In lieu thereof an
equal im- uiit of Alabama bonds which ure being
March 13 the followWood, Gundy & Go. oi To-
$25,000 4)t 50-year street extension debentures.
12,000 i% 20-year ' Home for the Aged " debentureB.
For
Dated March
Department,
Topeka (Kan.) School District —Bond Offering.~J,
Upon bonds bearing 3% per annum.
Upon bonds bearing 3k^ peraunum.
A certifled check, payable to the order of the Governor of Alabama, for live per cent of the amouut
bid for must accompany each bid. For the bidB that
are accepted, other security, approved by the Governor, may be substituted fcr the certitled check.
Tbe certifled check accompanying rejected bids
will be returned, with notice of rejection. The 5*
of each accepted bid will, on failure of bidder to
comply with terms of his bid, be forfeited to the
of
the advertisements elsewhere in this
Sea'ed proposals will be received until 2 P. M.,
iHOft. fi.r $45,0'
58 bonds of this district.
full particulars address W. W. Richards, Treasurer, Ticonderoga, N. Y.
By order of tbe Board of Educutlon of Union Free
School District No. 5, Ticonderoga, N. Y.
I-.
MALi' Ol.M, President.
H. D. HOFFNAGLE, (.leik.
APBlLlO,
Denomiration,
1 and Nov.
May
Maturity, $1,000 Nov.
^^,403,000
STATE OF ALABAMA TICONDERCGA,
Union Free School
fTOL. LXXX.
SOSTON,
3«
Congress Street, Boston.
»AH8A() 8VREKT. MEW ¥»RK
8TATE. CITY k ICAiLllOAD
.
B0Nii)8.
Mar.
THE CHRONICLE.
25, 1905.]
to refund water bonds maturing April
1,
1905,
and |35,000
for street Improvements, schools, water works, sewerage,
park^ and public grounds. Dauomination, §1,00^. Due,
April 1, 1905. Interest semi- arinu ally at the offiie of the
City Treasurer. Maturi'y yevrly on April 1, $8,000 from
1911 to 1920, inclusive, and $9,000 from 1921 to igZ"), incluCash or certified check for 5^ of the bonds bid for resive.
1197
Dominion
See. CorDOratlon. .$27,087 00
& Co , Toronto. . . . 27.r.26 5»
Wood, GrundyA Co., Toronto 2«,8B3 00
26,763 00
W. C. Brent, Toronto
H. O'Hara
I
I
|
G. A. Stimson & Co., Toronto.$26,*528 00
Brouse, Mitchell & Co., Tor. 2«.5»?2 00
Canadian Sec. Corporation... 26,476 00
.^milins Jarvis & Co., Tor... 26,41000
.
—
Wjandotte (Mich.) School District.
fiond Sate.— On
March 20 the $50,000 4^ 30 year school bonds dpsciibed in
V. 80, V. 1138, were awarded to N. W. Harris & Co. of Cbicaeo at 103-186—a basis of about 8%<?.
Following are the
Wds:
quired.
Watertown, Mass.— Loa» O^ermg. —Proposals
will
bf^
re-
ctived until 3 p m., March 27, by Charles W. Stone, Town
Treasurer, for a loan of $100,000 in anticif ation of taxes.
Loan will be made in denominations to suit purchaser and
will mature Sept. 15, 1905. Note or notes to be diflconntbd.
Waverly, CoflFee Couaty, Kan.— Bond O^eriwgf.— Proposals
will be received unil 1 p, m., March 30, by the City Council,
Defor $16,000 43^5^ water-works and electric-light bonds.
nomination, $500. Date, April 1, 1905. Interest semi-aunuMaturity, April 1, 1925, fuhject to
ally in New York City.
Certified check
call $1,000 yearly, beginning April 1, 1910.
for 5;? of the amount of bonds bid for required. No bonded
debt at present. Assessed valuation 1904, $1C8,COO; real
value about $500,000.
Weir School District, Cherofeee County, Kan,— Bonds
are advised that the |2,000
Not to be Issued at Present.
fund'ng bonds recently authorized by the State Legislature
(see V. 80, p. 731,) will not be iseued for the present and
probably not until next September.
West Allis, MilTvaukee CouEty, Wis.— /^ond Election.—
On March 25 an election will be htld in this village to vote
on the question of ietuing $15,0CO sewer and $60,OoO watersystem- extension bcn(ip.
West Homesteiid, Pa. Bonds Proposed. The Borongh
Council has icstructed ihe Solicitor to draw up an ordinance
providing for the issuance of $80,000 bonds.
White rounty (P. 0. Spaitii.), Tenffi.— '^owd! Election Froposed.— We are advised that this ccunty may vote on the
question of IssuiKg $50,000 road bonds. Nothing definite has
as yet been done in the matter.
Woot'stock, Out.— Dtbenture Sale.— On March 21 the $25,751 71 i^% 20-year d'.benturea were awarded to the Dominion
Seouriti'es Corporation of Toronto for $37,087 and aocru d
Following are the bids :
interest.
We
—
INVEST?^Ei^Ta
W. Harris & Co., ChlcaKO. 151. 093100 N. W. Halsey * Co.. Chic... .»50,8e2 50
W. R.T. dd 4 Co.. Cincinnati. 51,0il 00 John Nuveen & Co.Chlc
50.1H5 00
60,880 00 H. W. Noble & Co., Detroit... 60.027 50
Mat'hew Finn, Detroit
50,8(i9 60 Spitzer & Co., Toledo
50,oi;6 00
W. B. M'ss & Co., Detroit.
W. J. Hayes & Sons, Cleve... 6i ,612 00 Seasongood & Mayer, Clnoln. 49,300 00
K. H. Rollins & Sons, Chic... 50,368 88
To)(.keiS, N. Y.— Bond Sale.- -On March 21 an issue of $40,000 i% 20-year water bonds was awarded to Kou'rtze Bros.,
New Yo;k City, at 107 882— a basis of about 3-49;g. Following are the bids :
107-332 Blake Bros. & Co. Boston
106-94
Kountze Bros., New York
106 88
W. J Hayes & Sons. Cleveland.lO' 18 R. Kleybolte 4 Co. Clncin
loroo
105-07
Geo. M. Hahn, New York
Co., N. Y
K. D. Shepard &
N.
.
STATE AND CITY DEBT CHANGES.
Beliirigham, Wash.— This city is the county seat of Whatcom County and was organized Dec. 28, 1903 by the union of
the cities of Faiihaven and Wbatccm. We give below a
stflit^emen*^ of the financial conditioTJ of 'he consolidated city,
When Due. Cash in various funds...
$9,995
LOANS—
Assessed Valuation foe 1904—
Funding Bonds (Whatcom)—
May 1. 1912 District A (former old
6s. MAN, $57,000
Whatcom)
$1,117,716
Municipal Bonds (Whatcom)—
fis
".
...
esig.
rs,g.,
,
,
$i50,ooo..r)eo. l.'ll
.^0,000. Sept. 1,'12
37.000. Apr. 1,'}3
.1&J, $150,000 July 1,
75,000.. Jan. 1,
J&-f.
a-.,
6(«! S.!
BONDS.
27-29 PINE STREET, NEW
Interest Paid on Daily
Floating debt
Total debt Jan.
1,
& Co.,
San Fra ncisco
Chicago.
-
.
.
RR. FULTON &
CO.,
Municipal Bonds,
171 LA SALLE STREET,
CHICAGO.
HAYES & SONS,
BOSTON. MASS.
Company
Jnlien T. Davies,
William J. Easton,
Charles R. Henderson,
Benjamin D. Hicks,
John D. Hicks,
William M. Ingraham,
Augustus D. JuiUlaxd,
business,
Martin Joost,
Edgar
L. Marston,
William
J.
Matheson,
Charles Matlack,
WUllom H. Nlohola,
James H. Ollphant,
Robert Olyphant,
Alexander E. Orr,
Charles A. Peaboajr,
Frederick Potter,
Charles Richardson,
Elihu Root,
Woodhnry Langdon,
Saiiford H. Steele,
EUis D. WlUlams,
James D. Lynch,
Louis Windmullet.
John
S.
Kennedy,
CLARENCE
H. KEL.SET, President.
FRANli BAILE Y. Vlc e-Prcstdent.
EDWARD Manager Banking Department.
O. STANLEY, 2d Tice-PresIdeB*
CLINTON
J.
NEW YORK:
D.
WRAY
FRANK
L.
BURDICIt, 3d Vlcc-Pres.
CLEVELAND,
SNTFFEN,
TMffr.
Secretary.
mfsTs' Brancli.
WHITINGVS PAPERS.
CHICA<;t.»
AUGUST BELMONT,
Acting President.
WILLIAM
A.
JOHN J. MITCHELL
GEORGE W. YOUNG.
NASH,
Vice-Presidents.
Gen'l Mgr. and Treas.
F. C. RICHARDSON, Assistant Treasurer.
This Company Audits and Invest iBates Accounts
and makes Physical Examinatl- ns of Properties
Its r-ertiflcates and Reports iire Prepared in behalf
of Merchants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
EDWARD
T.
FERINE,
and Installs
Keeping Accounts.
Devises
Jloney-Savlng
Systems
THE SOUTH.
GEO.
For Bniilnesa Correspondenoei
for letter written with your own hand, or
of
MUNICIPAL AND
Business OpportnnitloN, Investment
PUBLIC FRANCHISE CORPORATION Securities, Keal Estate, Ttmiber, .Tllnes,
Industrial Properties, Farm or Toivu
BONDS
Mortgages in all parts of the Soutli,
Bontcht and Sold.
METROPOLITAN INVESTMENT CO..
J.
CL,ET£L,ANU. OHIO.
Trust
John Jacob Astor,
Edward T. Bedford,
Charles S. Brown,
1897.
an,*
LIST ON .IPPL-ICATriOB.
$9,500,000
TRUSTEES
NEW YOWK.
PHILADELPHIA.
all
ILL
43 Cedar Street
172 Washington Street,
CHICAGO,
CHICAGO,
New York,
ORGANIZED
oUNJU^,
CORPORATION
15-:0
22-00
Interest.
The Audit Company
OF
-
Bxatnines >& guarantees Seal Estate Tltlett
Xioans Money on Bond and Mortgag*.
burnishes Mortgages to Investors.
Receives Deposits subject to check, allowing
Properties.
T. B. POTTER,
MUNICIPAL and ooMnc
D
146 Broadway, New York,
175 Semsen Street, Brooklyn.
ITfrs Branch, 198 Montague St., Br'klyn,
Exaniinations and Reports on Physical and
Operating Values of Manufacturing
PINE STKEET,
2000
C
llTIE GUARANTEE
andTRUST company
ENGINEERS,
22
23-00
B
Capital and
Surplus
Does
Life Buildino',
A
TRUST COMPANIES.
BALLANTYNE & EVANS.
BOSTON,
1.533,953
CiTV Tax Rate (per M.) 1904—
$702,000
211,744
1905.. 913,744
DESIGN, CONSTRUCT AND OPERATE
RAIL\VAY LIGHT, PO"WER AND
Oorporatioi
272,407
.
(former Fair-
haven)
1,'05..
ENGINEERS.
ROLLINS & SONS,
DeMver.
D
Bonded debt Jan
Tinr.e Deposits.
BONDS.
E.H.
Dist.
District
Distii t
District
District
INCORPORATED.
New York
3,475,911
(former Kees-
Tot. for all Bellingham. $6,400,017
HYDRAULIC PLANTS.
AND
Service
C
ll7igville
1911
1912
g , A&O. $183,000 Apr. 1,'13
Suliject to call $25,000 yearly
after 1903.
YORK.
MUNICIPAL
Public
Dist.
Examinations and Reports.
and
(former new
5128.
DBALERS IN
STREET RAILWAY
B
Whatcom).
Watek Bonds (Whatcom)-
M. Byllesby
MUNICIPAL, RAILROAD and
District
Municipal Bonds (Falrhaven)-
68,
ENCINEERS.
Rudolph Kleybolte&Oo. H.
BANKERS,
W.
I
B. li,T)WARDS, President. Charleston, 6.0.
Commercial and Financial Agent
Badness nndortaken tn all parts of Xhi world.
Satisfactory references
Whether
hy the typewriter, are UNEQUALED. Their quality
s assured and they have won highest honor« at all
the great World's Fairs. For high grade writing
papers of hU kinds, for bond papers, and for ledger
papers. Insist on having them made by the
•
WHITING PAPER COMPANY,
HOL.YOK.E. MASS.
New
York.
Philadelphia.
Chicae:o.
THE CHRONICLE
1193
^ccanntKUts,
[Vol. lxxx.
t£>GmpviuUs.
^rtiBJi;
«MMMM<MMWMW«MIWMW«
LYBRAND,
ROSS BROS &
MONTGOMERY
Public
Certified
Account
''sT/Aur
00
$12,000,000
nts.
(PennsylTanla)
Stephen Glrarcl Bulldtns.
E^UITABIE
PHILADELPHIA.
TFall Street Kxchanare BalldlnSi
NEW
YOllli.
HASKINS
y^wi
SELLS,
8(,
CEBTIFIED PUBLIC ACCOUNTANT:
30 Brof J
30 Coleman
Street,
New
Street,
London, E. C.
A IdresB,
Cabte
deTOland.
CUoago.
York.
The modeni
HASKSELLS."
St. Louis.
PittsbnrKl
PRODUCTION ENGINEEE8.
PUBLIC ACCOUNTANTS.
it
pay taxes and insurance,
will
it
undertake the care and management of estates.
It
Exchange Building,
and 43 Exchange Place.
appointment
and
Telephone 6940-6941 Broad.
During yom*
of court.
your death
at
it
will administer
lifetime
your
it
cheque, and
to
is
it
coupons and
will collect bonds, rents, mortgages, interest, dividends,
every class of income;
of financial
your securities;
will safeguard
sell
property and
authorized by law
to act as executor, administrator, guardian, or trustee
IX^al! Street
St.
your deposit account, subject
It will accept
allow you a fair rate of interest;
CuNi^, Richards & Co.
43 Wali
business.
company embraces every function
trust
under wiU or
will act as
your agent,
estate.
15 Nassau Street, Equitable Building.
WM. FRANKLIN HALL
Accountant,
Exchancre Buildinv,
BOSTON, MASS.
53 State Street,
Books andlted. Examinations and Investlga
tlons conducted with the utmost
care and efficiency.
'Minrnitivd.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY,
Wilkinson, Reckitt,
Williams & Co.,
New York, January 20th, 1905.
CERTIFIED PUBLIi' ACCOUNTANTS, The Trustees, in Conformity with the Charter of the Company, submit the following statement of
(Illinois.)
its affairs on the 31st of December, iqo4
52 Broadway, New Yorli.
PHILADELPHIA.
CHICAGO Premiums on Marine Rlsfes from Ist January, 1904, to Slst December, 1904... $2,909,343 08
;
Premiums on
"^"^
Total Marine
W. F.WEISS,
CERTIFIED PUBLIC ACCOUNTANTIs
128 Broadway, Hiew York.
TKLEPHONK-8758-8759 CORTLANDT.
LOOMIS,OONANT&00.
Policies not
Premiums marked
56
BALTIMORE.
PINE STREET
NEW YORK.
JAMES PAEK &
00.,
CERTIFIED PUBLIC ACC0UNTANT85'4J
roadway. Mew York.
b:
ti
ofl
Ist January,
724,151 84
$3.633.494 92
"
"
Rent
Losses paid during the year which were estimated
In 1903 aTid previous years
Losses occurred, estimated and paid in 1904
$1,090,082 27
$142,418 20
84,094 99
Less Salvages
Re-insurances
Betums
of
226,513 19
863.569 08
Premiums and Expenses, $405,721 91
The Company has the following Assets, viz.:
$5,243,600 52
United States and State of New York Stock; City, Bank and other Securities
1,417,543 97
SpeolRl depu.slt8 in Banks and Trust Companies
Real Eatate corner WaU and William Streets and Exchange place... $4,289,000
75,000 4,364,000 00
Other Real Estate and Claims due the Company
Premium Notes and
Cash
in the
Bills
1,020,087 28
Receivable
hands of European Bankers
to
pay losses under
policies
payable In
241,710 47
351,301 69
foreign countries
Cash In Bank
$12,638,243 93
Aggregating
A dividend of
MANILA, SISAL AND JUTE
Six per cent
Interest
Street,
New
wlU be redeemed and paid to the holders
'JTucsday, the sevciilli of February
interest thereon wlU cease.
The certificates to be produced at
next, from which date all
the time of payment, and canceled.
A dividend of Forty per cent is declared on the net earned premiums of the Company
for the year ending Slst December, 1904, for whlcli, upon application, certificates will be issuecl
By order ot the Board,
on and alter ITaeMday, the aecontl of May, next.
o.
TRUSTEES.
York.
M(«RIUS K. JESUP.
THKODOrlE
P. JOHNSON,
LEGGKTT,
ClIAKIyES J). LKVEIilCH,
LKANUER N. LOVELL,
GKOliGK H. MACY,
CUAKLKS H. MARSHALL,
W. H.H.MOOR K.
IJCWIS CASS LKDVAttl),
I'liANClS
C, CLARK,
COKNKLIUS El/DKKT,
GEOltGE
oi All
VcarH
Uouitlit
Company
Scrip
BWALO
KLEITMA.NN,
HERBERT L. UIUUQS.
118
Fred.
NEW
YOBI.
M. Smith,
Broker In
A.IJBVRN,
Secnrlties,
NEW lOKK,
NIC'IOLAS F. PALMER,
HKNRY PARISH,
FREDEHIC A. PARSONS,
DALLAS B. PRATT,
GEORGK W. QUINTARD,
A. A. liAVEN.
JOHN L. UIKKK,
DOUGLAS KOBINSON,
GUSTAV H. SCHWAB.
WILLIAM C. STURGBS.
A. A.
JAS. L. LlVlNiiSrON,
jri
Vice-Fres'l.
IVo^w It^eatly.
No. 518 Atlantic Bailding,
51 Wall Street,
II.
Secretary.
RAVEN, Presidenl.
CORNELIUS ELDERT, Tice-l'res't.
THKO. P. JOHNSON, zd Yice-f^res'l.
and Sold.
JOHN M. GILLESPIE,
Soom
STANTON FL.OYB-JONKS,
CLEMENT A. GKISCOM,
ANSON W. HARD.
QCSTAV AM31NCK,
KRANCIS M. BA.CON,
JOHN N. BKACTl.
BOULTON
WILLIAM
VEKNUN H. IIKOWN.
WALDRON P. BROVTN,
JOSKPH 11. CHAPMAN,
IJ.
Atlantic Muttin! Iiiaiirancc
on the outstanding certificates of profits will be paid
on and after Taosday, the seventli
to the holders thereof , or their legal representatives,
of K^-briiary next.
The outstanding certificates of the issue of 1 899
thereof , or their legal representatives, on and after
CORDAGE.
65 Wall
$3,01tJ,978 35
$31S,124 29
771 957 98
Siiernian Streel, ChXcuuo.
The American Mfg. Co.
—^—^—
from Ist January, 1904, to Slst December, 1904
$275,«26 58
"
107,14S 14
$333074 72
less Taxes
ofl
Interest received during the year
Tel. 4958 Broad.
CALVERT BUILOINQ,
1904
Premiums
CERTIFIED PUBLIC ACCOUNTANTS
30 Broad Street, New York.
ALFRED ROSE,
CERTIFIED PUBLIC ACCOUNTANT.
marked
REVIEW.
THE FINANCIAL $2
PRICe
WILLIAM
FiiiC
1905 iSSUE.
B.
00.
DANA COMPANY, PUBLISHERS
.si;rcei,
«Joriicr I'carl SirccI,
Ziew
l'<brk.
@FedFRASER