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INCLUDING
State and City Section (semi-Annually)
Section (Monthly)
)
Railway and Industrial Section (Quarterly)
Street
Railway
Section
(
Congress in the year 1907,by William B. Dana Company, in Office of Librarian of Congress, Washington, D. u
Bank and Quotation
Three Time?
Yearly
Entered according to Act of
A weekly newspaper
VOX
.
entered at Post Office, New York, as
seoond-class matter—William B. Dana
financial.
THE LIBERTY
FISK & ROBINSON NATIONAL BANK,
financial.
UimmciaU
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Place, New York
Business Founded 1795. Reorganized 1879
Engravers a* Printers
SHARE CERTIFICATES,
AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING $ LITHOGRAPHIC
AND TYPE PRINTING ^ RAILWAY
BANK NOTES,
BONDS FOR GOVERNMENTS
IMPROVED' STYLES
TICKETS OF
NO. 2179.
MARCH 30 1907.
NEW YOKK
84.
BANKERS
NEW YOKK.
$3,100,001).
FRED’K B. 8CHKNUK. President.
CHARLES 14. STOUT
D. G. UE1D
Vice-President.
Vice-President.
CHARLES W. UIKCKS,
JAMES V. LoTT
2d Vice-President.
Cashier.
*
HENRY P. DAVlSUN,
FRED’K P. McGLYNN
Chairman Exec. Com.
Asst. Cashier.
DIRECTORS:
E. C. Converse,
Geo. F. Baker,
T. A. Gillespie,
Henry C. Tinker
F. L. liine,
E. F. C. Young,
H. P. Davison.
tel
G.
Dan
Reid.
Artnur F. Luke,
Charles A. Moore,
J. Rogers Maxwell.
Chanes H. Warren.
Ambrose
Monell.
Frederick G. Bourne.
Kred’k B. Schenek.
Charles H. Stout.
BOSTON
NEW YORK
The National Park Bank
of New York.
1836.
Organized
Capital
Surplus and Profits
Deposits Jan. 20. 1907....
Harvey ST.,
Fisk & Sons,
§3.000,000 00
£,*.413,704 90
94,024,228 99
62 CEDAR
DELAFIELD,
1>. E. WooniiULL, •
Joseph Flk.mkng, CHAS. L. Lee. Frank K. Johnson,
-
-
-
-
President
Vice-President
Vice-President
Treasurer
Secretary
-
-
...
JOHN C. VAN
Chairman of the Board
Edmund C. Converse
Francis L. Potts
VICE-PRESIDENT.
Warren L. Green
Phineas C.
.
Loansbury
Andrew V. Stout
A. Jaretzki
in
and other
MAURICE XL EWER,
INVESTMENT SECURITIES.
WILLIAM A. MAIN
ASST. CASHIER.
WILLIAM O. JONES,
ASST. CASHIER.
NEW YORK
Railroad and
Municipal Bonds,
CASHIER.
d.
-
Government,
VICE-PRESIDENT.
CLEAF,
V1CE-PRESID ENT.
TRUSTEES:
T. H. Fheha
JOHN C. McKEON,
GILBERT G. THORNE,
-
Bankers and Dealers
PRESIDENT.
OFFICERS:
Undivided Profits.
Capital. Surplus and
Government Bonds
Investment Securities
RICHARD
Wabrkn L. Gueen,
Pine St., N. Y.
Company, Publishers,
Philadelphia,
represented by
James H. Chapman,
FRED’K O. FOXCROFT ASST. CASHIER.
Chicago,
421 Chestnut St.
represented by D. K. Drake,
Continental National Bank
Our lilt of Investment Securities
Building.
sent on application.
CHARTERED 1810,
Members of Richmond and Baltimore
Exchanges.
Stock
MECHANICS’ NATIONAL
Tohn L. Williams & Sons,
BANK.
Edward B. Smith & Co.
BANKERS,
33 Wall Street.
BANKERS
Streets,
RICHMOND, VA.
Comer 9th and Main
Baltimore Correspondents:
miduendorf,
Williams & Co
Capital,
Surplus,
-
-
-
-
-
-
INVESTMENT SECURITIES
$3,000,000
3,000,000
Members Hew York
MAIN STREETS,
Richmond, Va,
Capital & Surplus,
$1,500,000
OFFICERS:
JOHN SKELTON WILLIAMS, President.
FREDERICK E. NOLTING, Vice-President.
T. K, SANDS, Vice-President & Cashier.
XL A. WILLIAMS, Asst. Cashier.
L. D. CRENSHAW JR.. Trust Officer
Chase National
Bank
511 Chestnut Street
7 Wall Street,
Bank of Richmond,
N. W. COK. 10TH AND
and Phila. Stock Exchange*.
Philadelphia.
New York.
Welsh,
Francis Ralston
INVESTMENTS.
ORIGINAL CHARTER 1829.
AND OTHER
MUNICIPAL RAILROAD
THE
BONDS.
328 CHESTNUT
I
STREET, PHILADELPHIA.
1
GALLATIN
Clearing House Building
Cap.&Surp,, $9,436,000 Deposits, $63,345,000
HEPBURN, President
ILWlGGIN.Vice-Pres. E. J. STALKER, Cashier
A. B.
A.
Directors:
r
GARFIELD NATIONAL.
23d Street and Sixth Ave„
Henry W. Cannon. Chairman. James J. Hill
Oliver H, Payne George F. Baker John L Waterbury
Grant B. Schley
A. Barton Hepburn
Albert H. Wiggin
George F. Baker Jr.
THE
EQUIPMENT OF THE
FOURTH
NATIONAL
OF THE CITY OF NEW
BANK
YORK
—CORNER NASSAU AND PINE
STREETS
—
IS
ESPECIALLY
ARRANGER FOR
HANDLING
MERCANTILE ACCOUNTS.
BANK,
New York.
Capital
Surplus
-
-
-
-
-
-
YORK
$1,000,000
2,300,000
OFFICERS
Samuel Woolverton,
President
H. Stevens, Vice*President
George E. Lewis, Cashier
Howell T. Mansom, Assistant Cashier
Alexander
Founded in 1784.
THE
National
OF THE CITY OF NEW
Capital ----Surplus & Profits (earned)
$1,000 000
1000 000
BANK OF NEW
NATIONAL BANK
YORK
Banking Association.
ACCOUNTS INVITED.
DIRECTORS
Adrian Iselin
Jr.
Chas. A. Peabody
Frederic W. Stevens
Samuel Woolvektoj
ALEXANDER IL STEVENS
CHARLES XL TWEED
THOMAS DXMNT J*.
W. EmIJW
THE CHRONICLE.
II
[VOL.
LXXXIV
hauliers and Pratojers uf ^orjeigu gxctraugje.
J. P. Morgan & Co., Maitland,Coppell & Co., Kidder,
Peabody & Co.,
YORK.
WILLIAM
52
WALL STREET CORNER BROAD,
Drexel &
Morgan, Harjes&Co.
Co.,
Cor.of6tb & Chestnut Sts. 31 Boulevard Uanssmann,
PHILADELPHIA.
PARIS.
SDO*
i
rnt and
bought
sold on Commission. Interest allowed on
Deposits. Foreign Exchange. Commercial Credit*.
-
YORK,
59 Wall St.
AT.BY-
Union ot London & Smiths Rank, Limited,
London.
Messrs. Mnllet Freres Sc Cle., Paris,
-
CO.,
LONDON.
Co.,
August Belmont & Co.,
BANKERS,
t
No. 23 NASSAU STEET.
drafts
-
^
drawn abroad
on
all
points in the United
States and Canada; and drafts drawn in the United
foreign countries, including South Africa
INTERNATIONAL CHEQUES.
States
ISSUE
FOR
An
06CUIjX1\5o.
TRAVELERS.
Available In all parts ol the world.
Exchange and make Telegraphic
Transfers to EUROPE,
Draw Bills of
on
Letters
_
Buy and sell Bills of Exchange
and make cable transfers on all
]•
/
points.
j
OI ViGult,
Execute orders for
Investment Securities,
Mexico and California.
the purchase and sale
Issue Commercial and
BROWN, SHIPLEY & CO., LONDON.
Cuyler, Morgan & Co.,
44 Pine Street,
DRAW BILLS OF EXCHANGE AND MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
AGENTS AND CORRESPONDENTS OF
of
Travelers’ Credits, available in
all parts of the world.
BANKERS,
Street, New York,
Buy and Sell Investment Securities.
Cuba,
the otner West Indies.
CERTIFICATES OF DEPOSIT
J. & W. Seligman & Co.,
Issue Letters of Credit to Travelers
Available in any Part of the World.
London, Paris and Vienna.
LETTERS OF CREDIT
.
.
I T1 VfiSLmftllt
-u-i ▼ v/ooxjj.vyxj.w
tlons, Firms and Individuals
on favorable terms.
Collect
LETTERS 01 CREDIT.
No. 21 Broad
Agents and Correspondents of the
Messrs. ROTHSCHILD,
Y., PhiUu, Boston & Baltimore St’k Exch’s.
vestment Securities on conimission.
Receive accounts
of Banks, Bankers, Corpora-
FOREIGN EXCHANGE.
TRAVELERS* LETTERS OF CREDIT
Available throughout the United States.
BROWN A SONS, BALTIMORE.
But and sell first-class In-
INVESTMENT SECURITIES.
Banco Nacional de Mexico
CONNECTED BT PRIVATE WIRE.
Hems. N.
BANKERS.
Galana Bank, Demerara, etc., etc.
BOSTON.
NEW
Transfers,
Agents for the Bank of Australasia, the British
Brown Brothers &
PHILA.
Bills of Exchange, Telegraphic
Betters of' Credit,
And its Branches.
Messrs. J. S. MORGAN Sc
STREET,
BOSTON.
Issue Loans.
for Travelers
ATTORNEYS AND AGENTS OF
No. 22 OLD BROAD STREET.
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
„
ON
DOMESTIC AND IORE1CN BANKERS,
Cable Transfers.
Circular Letters
.available in all parts of the world.
STREET,
NEW
NEW YORK.
Sellgrma.il Brothers, London.
Seligman Freres A. Cie., Paris.
Alsberg, Goldberg A Co., Amsterdam.
Anglo-Calllornlan Bk.. Lt.,SanFrancisco
New York.
BANKERS
TAILER4CO
INVESTMENT
SECURITIES.
MEMBERS OF NEW YORK
HRedmotid &€&
STOCK EXCHANGE.
27 Pine Street, New York
KESSLER
BANKERS
CO..
&
54 WALL STREET, NEW YORK.
Members of the N. Y. Stock Exchange.
SECURITIES
Cable
Transfers
on
all
COMMERCIAL
CREDITS, BUY
NEW
Deposits.
ana
Sold
Securities
on
Commission.
Foreign Exchange, Letters ot Credit.
Kean, V anCortlandt&Co
Philadel phia
33 Pine
507 Chcstunt St.
St, New York
MEMBER? N. Y. STOCK EXCHANGE.
Execute orders for purchase and
Stocks and Bonds.
sale of
Gene al
Foreign ana Domestic
Banking Business.
GRAHAM
Foreign Exchange Bought and Sold.
issue Commercial and Travelers^ Credits
available in all parts of the world.
Schulz &
Ruckgaber,
New York.
Members New York Stock Exchange.
80 PINE STREET, NEW YORK.
a
for Travelers.
William Street,
BANKERS,
11 William Street, -
BANKERS,
Transact
Letters of Credit
BANKERS,
Deposits Received Subject to Draft. Interest
Bought
AND SELL RAILROAD
Heidelbach- Ickelheimer & Co.
37
on
TRAVELERS’
STOCK& BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
BANKERS.
Allowed
AND
STREET,
YORK,
Securities
the
Principal European Cities.
Winslow, Lanier & Co.,
High-Grade Investment
Bay and Sell Bills of Exchange and
ISSUE
CEDAR
Bankers
BANKERS.
INVESTMENT
09
Foreign & Domestic
Correspondents of Messrs.
Frothing & Uoscheu. London,
Job i Keren berg. Gossler & Co.. Hamburg.
Marcuard & Co.. Paris.
Bremer Bank, Fill&le Dresdner Bank, Bremen,
Credits.
Buy and Sell Bills ot Exchange.
issue Commercial & Travelers’
&
CO.,
BANKERS.
No. 435 Chestnut
Street,
PHILADELPHIA.
Members Philadelphia Stock Exchange.
SECURITIES BOUGHT AND SOLD
ON COMMISSION.
Deposits received subject to Draft.
Dealers in High-Grade
INVESTMENT SECURITIES,
Issue Letters of Credit and
Traveler's Cheques.
List of current offerings sent on
application.
Cable Transfers and Investment Securities
Dealers in Investment Securities.
LawrenceT urnure&Co. MOSLE
John Munroe & Co.,
No. 30 Pine
Street, New York..
Square, Boston.
No. 4 Poet Office
Issue Circular Letters of Credit for Travelers’ Use
Abroad Against Cash or Satisfactory
Guaranty of Repayment.
Exchange
on London, Paris,
Zurich and St. Gall.
Credits Opened
and
Berlin,
Payments Made by Cable
Paris House—illUNHOE &c CO.
Bankers,
50
Wall Street, New York.
Deposits received subject to draft. Interest al¬
lowed on deposits. Securities bought aud sold ou
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections inand
Issue drafts and cable transfers on above countries
London
Bankers:
—
London Joint-Stock
Bank, Limited.'
Paris Bankerat—Heine & Co.
BROTHERS,
16 A 18 EXCHANGE
PLACE,
NEW YORK.
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
Attorneys and Agents or
MESSRS.KONIG BROTHERS.Bankers
LONDON.
Hankers.
%auUeis.
Wm. A.®Read & Co.
Milleti Roe & Hagen,
Hauliers.
BANKERS.
Lee, Higginson & Co.,
44 State Street,
BANKERS
Investment Securities.
'l Broad
New York,
Street,
BOSTON,
Dealers in
CHICAGO OFFICE,
25
NASSAU
HIGH-GRADE BONDS
STREET,
NEW YORK.
The Rookery.
43 State St.
205 La Salle St.
203 E. German St-
BALTIMORE.
BOSTON.
Stock
Plympton,Gardiner & Co,
Members New York Stock
CHICAGO.
Members New York and Boston
.Members
in
THE CHRONICLE.
Mar. 30 1907
Exchange,
Boston, IO Post OUiec Square.
Exchanges.
Members N. Y. Stock
J. B. RUSSELL & CO.,
Exchange
BANKERS
46
New York Stock Exchange.
WALL
ST., NEW YORK,
DEALERS IN
*27 William St.,
New York
Boston.
Chicago.
Investment Securities.
Investments
Conservative
LISTS ON
High-GradeAND
Bonds
Gee. P. Butler & Bro,
BANKERS
Safety Deposit Vaults for Use of Customers.
REQUEST.
< New York Stock Exchange.
Member.: >
.
Railroad and other
.
c|lic,l<IO stock Exchance.
tlie Illinois Tunnel
Financial Representatives of
Company.
Financial Representatives of the
Electric Company.
N.W. HARRIS & CO.
William
Pine Street, Corner
Automatlo
BRANCH OFFICES:
CHICAGO, ILL.
WILKES BAR RE, PA.
BANKEHS
CARBONDALK, PA,
BEADING, PA.
DAYTON, OHIO.
SCRANTON, PA.
BINGHAMTON, N. Y.
to check
allow Interest on balances.
Act as fiscal asrents for munici¬
and
palities
and
letters
of
corporations.
credit
and
NEW YORK
35 Wall Street
NEW YORK
Receive deposits subject
Investment Securities
Goldman, Sachs & Co.,
BANKERS
Issue
deal
In
BONDS FOR INVESTMENT
43
EXCHANGE
Members of
sale
of
1 Nassau
New York Stock Exchange,
Execute orders tor
LIST ON APPLICATION
NEW YORK.
PEACE,
Kissel, Kinnicutt & Co,
£ ocks
Foreign and Domestic
BANKERS
purchase and
Bonds.
and
Buy and Sell Foreign Exchange.
CABLE
ADDRESS
Street, cor. Wall, New York,
BILLS OF EXCHANGE
"COLDNESS.”
CABLE TRANSFERS
Blake Brothers & Co.,
60
84 State Street,
Exchange Place,
BOSTON.
NEW YORK,
Dealers in
NEW YORK
Available in all parts
BONDS.
Commercial Paper.
Investment Securities.
Members New York & Boston Stock
Exchanges.
Rudolph Kleybolte& Co.
BANKERS.
MUNICIPAL, RAILROAD and
STREET RAILWAY
BONDS.
27-29 PINE STREET, NEW YORK.
on
of tbe world.
IN
Investment Securities
aud Commercial Paper
DEALERS
DailvandTime Deposits,
Cor, of Wall and Broad
Draw Bills ot
Exchange and moke
Asia, Aus¬
Cable Translers to Europe,
tralia, the West Indies, Central and
South America and Mexico.
Issue Letters ot Credit lor Travelers,
available in all parts ol the world.
Schmidt,
FOREIGN EXCHANGE,
INVESTMENT SECURITIES*27 W1CI.IAM
STHEET, NEW YORK.
Members N. Y. Stock. Cotton and Cofiee Exchangee
BONDS
INVESTMENT.
FOR
Interest Allowed on
Fiscal Agents
NEW YORK.
Chicago. San Francisco
49 Wail Street,
Philadelohia.
NEW
BANKERS.
Deposit Accounts.
for Cities and Corporations.
Forshay,
Zimmermann &
<1 and 11
BANKERS.
Sts., New York.
PHILADELPHIA
YORK
Wall Street, New York.
Members New York Stock
Exchange.
for Invest¬
Orders executed for stocks and bonds
ment or on margin.
FOREIGN EXCHANGE
LETTERS OF CREDIT ISSUED.
Parts of the World,
bird s. coler,
M em ber N. Y. Stock Exchange.
LONDON
BOSTON
Leonard h. hole.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST.,
E. D. SHEPARD & 00.
Bought & Sold
Cable Transfers to all
Stern &
INVESTMENT SECURITIES
H. B. HOLLINS & CO. N. W. HALSEY & CO„
DEALERS IN
Interest Paid
POINTS
CITY
and other
MUNICIPAL
Issue Commercial and Travelers*
Letters of Credit,
COLLECTIONS MADE ON ALL EUROPEAN
C. B. VAN
NOSTRAND,
36 WALL
STREET,
NEW YORK.
INVESTMENTS.
Investment Securities
O
[VOL.
THE CHRONICLE
IV
©atiadiau
2£m:jeigtL
BANK,
DEUTSCHE
BERLIN^ W.
39 CORNH1LL.
Telegraphic Address, TJdlooo, London.
947,619,000
M.
200,000,0001
923,810,000
RESERVE
M. 100,000,000.
PlTIDMTDB PAID DURING LAST TIN
TSARS:
10,10)4,11,11,11,11.11.12,12.12 per ©ent.
Capital Subscribed
Paid Up
Reserve Fa ad
$5=,£1 STERLING.
97,590,000
3,750,000
paid in
-
-
-
UNDIVIDED PROFITS
-
-
BREMEN, DRESDEN, FRANKFORT-ON-M.,
HAMBURG,
LEIP8IC,
MUNICH,
NUREMBERG, AUGSBURG
WIESBADEN.
Hon. Sib gbobgb A.
Yard, Lombard St.
LONDON, E. C,
FRENCH FINANCE CORPORATION
OF AMERICA.
9595,000
First-Class Investment
IN THE OBTAINING OF
LOANS AND 8ALE OF
SECURITIES.
25
PARIS,
9. rue Plllet-Will
YORK,
llroad
Street.
SWISS BANKVEREIN
Drafts, cable-transfers and
ot credit issued.
BASLE, ZURICH, ST. GALL,
GENEVA, LONDON.
letters
London Agents.
Deutsche bank (Berlin) London
agency.
Yard, Lombard st„ London, E.C.
Capital, Paid Up
-
Surplus
ESTABLISHED 1836.
E. H.
HOLDEN, M. P., Managing Director.
BREMEN.
STINTBBUCKE 1
PRANKFORT-ON-M^
Robsmarkt 18.
LONDON, E. C.,
Adolph Boissevain & Co.,
Amsterdam, Holland.
58 Cornhill.
DISCONTOGE, FRANKVUBTMAIN.
schwolde, Bremen.
soondito, London.
AND
Berliner
A GENERAL BANKING
STOCK EXCHANGE BUSINESS.
Handels-Gesellschaft,
NOKTHCOTE,
BERLIN, W.,
DUDLEY & COMPANY
Telegraphic Address, Discontogk, Berlin.
“
Behrenstrasee182-83
and
Franzoslsche-Strasse 42
49 Wall
Telegraphic Address:—Handelschaft, Berlin.
11 Poultry,
Street, New York,
807 Monadnock Bloc
Cheapside
Chioago
London, E. C.
CAPITAL, fully paid,
$40,476,200
.
ESTABLISHED 1856
For Investment in the
-
•
-
•
United States.
$18,712,526 Banking Transactions of Every Description.
M. 57,590,611.
WdA the unlimited personal liability of
the following partners:
A. SCHOBLLER,
M. SCHINCKEL,
A. SALOMON80HN,
J. Hoxtbr,
e. Russell,
F. Urbig.
Capital,
-
-
Reserve,
-
-
M.100,000,000
M. 29,000,000
Hong Kong & Shanghai
BANKING CORPORATION.
Currency)..$10,000,000
Paid-up Capital (Hong Kom?
Reserve Fund,
j {” gftfcJ.. 20.850.00S
Reserve Liability of Proprietor.**.
Bank
The National Discount
Deutschland.
Brasilianische
fur
CAPITAL
*
FOREIGN FUNDS
JU. 170,000,000.
RESERVE,
CO.,
TRANSACT
BERLIN, W.,
"
$75,428,400
15,714,250
15,714,250
CAPITAL,
CAPITAL,
RESERVE FUND,
PAID-UP
Members New York Stock Exchange.
it-44 BIHRXN STRA88E.
-
Cities and Towns
Fr. 62,800,000 BOISSEVAIN &
24 BROAD STREET,
Fr. 14,280,000
NEW YORK.
t8TABLI8HED 1851.
“
London, England.
Telegraphic Address: Cinnabar, London.
Disconto-Gesellschaft,
“
Limited,
HEAD OFFICE:
Direction der
**
City &
SUBSCRIBED
Mexlcano de Comercio e
Bills sent lor collection, negotiated or
advanced upon.
The London
Midland Bank,
With Branches in all the Principal
of England.
Industrta, Mexioo.
4 George
F. W. Taylou, Manager.
5 Threadneedle Street,
Bahla-Blanca.BeH-VUle,Buenos Aires,
Cordoba, Tucuman
Bolivia : La Paz, Oruro.
Chili : Antofagasta, Concepcion, Iqmqne, Osorno,
Puerto Mcntt, Santiago, Valdivia, Valparaiso.
Peru : Areqnipa, Callao, Luna.
UKCOUAT: Montevideo.
Canada.
govcigti.
ACT AS FINANCIAL AGENTS IN FRANCE
FOR AMERICAN RAILWAY CORPORATION-
NEW
Branches:
Continental Exchange
Office, No. 46 & 47 Tnreadneedle St.
market.
OFFIICEj
BERLIN.
SPAIN: Barcelona.
Mexico Agents: Banco
throughout the Dominion of
94,761,000
94,190,000
V Agents.
)
Securities for the French
(Deutsche Ueberseelsche Bank.)
Subscribed Capital
M. 20,000.000
Paid Up Capital
M. 17,000,000
Reserve Fond
M. 2,500,000
)
and Cable Translers; grant Commercial and Trav¬
elers’ Credits available in any part of the world;
issue drafts on and make collections in Chicago and
London
BANCO ALEMAN TRANSATLANTIC
Argentina:
PINE STREET
R. Y. Hebden,
W. A. BOG,
J. T. MOLINEUX,
approved negotiable securities.
CHRISTOPHER R. NUGENT, Manager.
loans on
Purchasers of
HEAD
31
No.
money on deposit
time to time, and grants
Buy and sell Sterling and
Deutsche Bank (Berlin) London A^encvt
4 George
Drummond K.C.M .G. President
NEW YORE OFFICE:
acceptances, receives
AND THE
159,881.84
K. S. Clouston.. Vice-PresL and General Manager
Per Cent.
Days9 Notice, 334 Per Cent.
Company discounts approved bank and mer¬
at rates advertised from
$14,400,000.00
11,000,000,00
Rt. Hon. Lord stbathcona and Mount Royal
G. C. M. G
Honorary President
Call,
The
cantile
-
Head Office—Montreal.
2,250,000
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
as follows:
At
CAPITAL
REST
At 3 to 7
Branches:
faults.
The Union Discount Co. Bank of Montreal
[Established 1817.]
of London, Limited.
0EHREN8TRA88E 9 TO 1 3.
C A PITAL
LXXX1V.
M 10,000,000 00
Head Odice: HAMBURG.
Branches: Rio dk Janeiro. Sao Paulo,
Porto Alegre.
Santos
Bank fur Chile und
Deutschland.
CAPITA L
HI 19,000,000 99
HAMBURG, with branches, In CHILI (Banco de
Chile & Alemania): Valparaiso, Santiago, Concep¬
cion, Temuco,
Antofagasta; and In BOLIVIA
(Banco de Chile A Alemania, Secclon Bolivians),
Lapaz and Oraro.
The above-named banks, founded and
represented
Europe by the
Direction der Disconto-Gesellschntt,
Berlin, Bremen, Frankfort o/m and London
Norddeatscbe Bank Id Hamburg, ’
Ham burg. Oder their services for every description
regular jo banking transactions.
Company, Limited.E. C.
35 CORNHILL,
LONDON,
Cable Address—Natdle, London.
SobHcribcd Capital
Paid-Up Capital
Reserve Fund
921,166,625
4,233,325
2,000,090
($5=£1 STERLING.)
NOTICE IS HEREBY- GIVEN that the RATES
OF INTEREST allowed for money on deposit are
M follows:
At Call, 3& Per Cent
At 3 to 7 or 14 Bays*
10,000 000
.
GRANT DRAFTS, ISSUE LETTERS O F CREDIT, NEGOTI¬
ATE OH COLLECT BILLS PAYABLE IN CHINA, JAPAN,
PHILIPPINES, STRAITS SETTLEMENTS, INDIA,
WADE GARD’NElt, Agent, 50
ETC.
Wall St.
INTERNATIONAL BANKING
CORPORATION. K°* New York.
CAPITAL &
SURPLUS,
$6,500,000
Buy and sel: Sterling ana continental Exchange and
Cable Transfers. Negotiate Draw or Receive
for Collection Rills on Points in the
Orient. Issue Letters ot Credit
Branches at London. Bombay. Calcutta. Singa¬
pore, Canton, Hong Kong, Manila, Shanghai,
Kobe, Yokohama, sa:n Francisco, city ok
Mexico. Washington, D.C., Panama, Colon.
Per Annum.
Notice, 334 P. C.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised from
time to time, and for fixed periods upon terms to be
especially agreed upon.
Loans granted on approved negotiable securities.
PHILIP HAROLD WADE. Manager.
H. SCHERER & CO.,
BANKERS.
Collections, Foreign Exchange
ment
Securities.
and Invest¬
MEXICO.
•
Mae. 30
THE CHRONICLE
1907.]
lawks awtl Hawkers.
©atradiaw gawks.
THE CANADIAN BANK
OF COMMERCE,
NEW YORK
PLACE,
Issue
EL CL
INVESTMENT
Continental Ex¬
Commercial
Travelers* Credits.
Collections made at
all points.
Hanking; and Exchange business
description transacted
terest
with Canada.
Agents and Attorneys
New York
ESTABROOK & CO.,
Deserve
15 State
1&3C.
1840
£1,000,000 Sterling
440,000 Sterling
Royal Charter in
Fund,
94
Gracechurcb Street. London, E.
New York Office: 52 Well Street
H.lf J JdcMICHAEL.l Agents.
W T. OLIVER.
r
STREET, NEW YORK.
BROAD
Geo. A. Fernala & Co.
SECURITIES.
Members Beaton Stock:
C.
and Canada.
Canada.
Merchants’ Bank of
HEAD OFFICE:
MONTREAL.
9«,000,000
3,074,996
NE W FORK OFFICE: 63 and 66 Wall Sk
W. M. Ramsay, Agent.
116 brandies In the Provinces of Qwebeo, Ontario,
Manitoba,Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for effecting prompt colLscMmwin Canada. Buv and sell Sterling Exchange
and Cable Transfers. Issue Commercial and Trav
elers’ Credits, available in any part of the world.
London Agents—Royal Bank of Scotland,
STOCK
and other
Corporation Bonds
19 Congress Street,
Boston
New York
INVESTMENT
SECURITIES
S. D. LOWING,
HOMBB LOBINO
AGENCY. 95 PINE
C. Sidney Shkpabd,
STREET
J
dp®ci*i.
BOSTON
33 Conorim St
NEW YORK
33 Wall Street
S. D.
fforeigw
The English Association of American
Bond & Share Holders, Ltd.,
5 OREAT WINCHESTER STREET, LONDON.
Acts as Agent In England for American and
Canadian Railway and Industrial Companies.
LORING & SON,
BANKERS,
64
Devonshire Street,
.
.
Boston.
Wkut.W. Lindlut, T. Bkynolda—London
T. P. FowutB—New York
The Association's
ada are The Morton
Montreal.
Agents in America
Trust Co. and the
THOMAS LINDLEY,
VAN OSS
THE
and Can¬
INVESTMENT BONDS
Investments in Europe.
New Orleans
&
Estate, Mortgage
Securities Company
Real
913 CAMP ST.,
-
NEW ORLEANS,
Hartfleld’* Wall fit., W.
U. A Lieber.
CAPITAL PAID IN,
Yerk Hteok
Member* Benton aid New
Exchange*.
LA.
SIMON BORG & CO.,
BANKKRS,
Tel. Address, Voco.
Codes.
STREET,
BOSTON.
Secretary.
& CO.,
k BROKERS,
S3 STATE
Bank of
HAGUE, HOLLAND.
Place American
Tucker, Anthony & Co.,
BANKERS
Trustees and Directors.
Aliud W. Smithkrs. Chairman
Lord
CO.
H. W. POOR &
71 Branches Throughoat
the
Dominion
NEW YORK
36 WALL STB MOT
STREET
AND BOSTON
INVESTMENT
SECURITIES
Canada
NEW YORK
BOSTON
67 MILK
EXCHANGES
1 Naaiau Street,
Sovereign Bank of
Municipal, Railway
BANKERS
MEMBERS NEW YORK
Exchange
BANKERS
JACKSON & CURTIS
CAPITAL
Rest and Undivided Profits
The
Philadelphia
Boston
GOVERNMENT, MUNICIPAL AND
CHOICE RAILROAD BONDS.
Bay and sell S terltng and Continental Exchange
and Cable Transfers; Grant Commercial and Travel¬
ers*
C. edits available in any part of the world.
Isaacs Drafts on and make Collections in all parts
of tee United States
421 Chestnut St.
Congress St.
Street, Boston.
INVESTMENT
Head office:
5
15
BANKERS,
North America
Paid-up Capital,
deposits.
on
Nassau and Pine Streets
LONDON.
The Bank of
Established in
allowed
for
& 00., Ltd.,
BROTHERS
BASING
of every
Drafts and telegraphic transfers on
the Bank's branch at COBALT, Ontario,
issued at lowest rates.
Incorporated by
SECURITIES.
Limited,
Bny and Sell Sterling and
change and Cable Transfers,
British
Members of the New York <tu»i
Boston Stock Exchanges. Ileal
ers in Government Bonds and
other Investment Securities. In¬
Credit,
Smith’s Bank. Limited.
Onion of London and
and
BANKERS
Exchange.
Commercial and Travelers*
Bny and Sell Foreign
Letters of
LONDON OFFICE:—60 Lombard Street,
Bankers in Great Britain *
Thk Bank of England,
The Bank of Scotland.
Lloyds Bank
New York.
19 Wall Street,
OFFICE:
Nos. m AND 18 EXCHANGE
Wii. Gray and H. 13. Walker, Agents
Mack ay & Co.
BANKERS
910,000,000
5,000,000
PAID-UP CAPITAL
SURPLUS
CO.,
&
BARING
TORONTO.
HEAD OFFICE,
v
Members of New
$600,000
No. 20 Nassau
York Stock Exchange.
Street,
New YorlL
•
Dealers In
Jordaan Cohen &
Wennink.
Southern
municipal
and Real
BANKERS.
Securities
Estate JLoans
to-day presents the promise
greatest industrial advancement
The South
PARIS.
Foreign
the
Concluded on next page
H. AMY &
of
CO.,
High-Grade
Investment Securities
BERTRON, STORRS & GRISCOM.
BANKERS,
BANKERS,
MAX B.
Miaoell&neeui Bonds
A
90 BROAD
BORG.
and Curb
SPECIALTY.
8T.
Securities 44 and
NEW YORK.
2306 HECTOR.
46 Wall St., New York.
INVESTMENT SECURITIES.
Bills ot
Exchange.
Letters 01 Credit.
Land Title
Building,
PHILADELPHIA.
49 Walt Street,
NEW YORK.
INVESTMENT SECURITIES,
VI
THE CHRONICLE.
fftfreifltt.
National Bank of Cuba
Galiano
Street,
Havana
PHILADELPHIA.
In Vaults
$4,135,064 S3
Banks and Bankers
548.109 59
Bonds and Stocks Owned—
City of Havana Bonds
88,003 33
3,769,994
10,496,331
73,171
377.853
74,044
Furniture and Fixtures
Bank Building
Sundry Accounts
Surplus
a Undivided Profits
Deposits
Interest Allowed
$19,474,629 14
Deduct 8200,000 4%
Morgan & Co.,
HANKERS Sc BROKERS
112 So. 4th St. and 100-102 Girard Trust
Bldg
PHILADELPHIA, PA.
Deposits.
on
Members of Phlla. & N. Y. Stock
\
Excharifes.
Investment Securities
Battles, Heye & Harrison
J. W. SPARKS & CO.,
BANKERS AND BROKERS
Corner Chestnut and Third Sts.,
LIABILITIES.
55,000,000 00
500.000 00
203.735 22 $5,763,735 22
13,710.893 92
Total
a
03
63
CO., Ross,
Members Phlla. and New York Stock Exchauges
$19,474,629 14
Capital
able
39
64
Q3
&
PHILADELPHIA
PHILADELPHIA
321 Chestnut Street.
Mew York Correspondents;
Loans, Discounts. Time Bills, &c
Total
CLARK
BANKERS,
$4,083,234 42
S2,585,135 82
1,096.255 24
Other Bonds and Stocks..
E. W.
Cuba.
GENERAL BALANCE SHEET DECEMBER 31 1906.
ASSETS.
Cash—
Government Bonds
LXXXIV.
ganhers and grntuers tmlsitlc ^TLcxtr Uorfe
Havana, Cardenas
Clenfuegos Matanzas Santiago,
Manzanillo, Sagua la Grande, Caibarien, Guan¬
tanamo, Santa Clara, Pinar del Rio, Camaguey,
[VOL.
BANKERS.
1PHILADELPHIA STOCK EXCHANGE
DEALERS IN HIGH-GRADE UNLISTED
AND INACTIVE LISTED BONDS
FOR
INVESTMENT PURPOSES
131 South 5th Street
52
PHILADELPHIA
semi-annual dividend, pay¬
Broadway
NEW YOBK
January 1, 1907.
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
Investment Securities
Private
Wires, N.Y., Pittsburgh, Chicago
United States Depositary in Cuba.
Depositary for the Funds of the Republic of Cuba.
D. M. MASON & CO
London Correspondents.
W. G. HOPP1
’EK,
Members of Philadelphia
Wm. G.
Hopper & Co.,
STOCK AND BOND BROKERS.
28 South Third Street, Philadelphia.
-
Purchasers of First Class Investment Securities
for the British and
3U Lombard
Foreign Markets.
Street, LONDON7. E. (\
NATIONAL
STATES
JOHN H.McQUILLEN & CO.
141 South 4th
Street,
Members
AND
OTHER
CORPORATION BONDS AND STOCK.
So:id for our Circular.
OFFICERS:
ITrxd Vooki, Jh., Pres.
Henry Ki.oes, Cashier.
Wm. Bigelow. v.-Pres.
dsi'Ah KAsTKN.Ast.Cash.
Pkkd. T. goll, V.-Pres.
E. J. Hughes. Ass’tCash.
A. W. B»GK. Ast.Cnsn.
W. C. Haas. Mgr. Foreign A Savings Dept.
Tilton,
BANKERS,
OREGON.
NEW
JERSEY.
Philadelphia Stock Exchange
Syracuse Rapid Transit
Philadelphia, Pa
-
Dealers in
HIGH-GRADE RAILROAD
Capital and Surplus, $2,500,000
PORTLAND,
WATER WORKS BONDS
holdings or proposed Investments.
DEPOSITARY.
Ladd &
Stocks and Bonds
104 8outh 4th
Transacts
a
General
Wurts, Dulles & Co.,
BANKERS Sc BROKERS
EDWIN R. CASE,
125 South 4th Street
DEALER IN
Members Philadelphia Stock Exchange.
NEW JERSEY
SECURITIES,
15 EXCHANGE PLACE
Telephone 751.
JERSEY CITY.
Representatives of Spencer Trask & Co.
BOSTON.
MONTGOMERY.
$5,000,000 00.
Banking Business.
A.
Collections Givkn Special Attention.
Strassburger,
STOCKS
J^ccotmtante.
AND
BONDS
ADAMS
Southern Investment Securities.
BONDS
KANSAS
I buy any of the older Issues of
(Pennsylvania.)
Land Title
NEW VftftK.
Wilkinson, Reckitt, Williams & Co.
TOPEKA,
-
-
KANSAS
-
-
FINANCE CO.
Special Department for Bank Fxaminatlons under
the management of a National Bank Examiner
LOOMIS, OONANT & 00.
or
ROSE & CO.,
STANDARD AUDIT CO.
41-43 Wall St.
perley morse
43-49
Public
ACCOUiltailtS
$
HENRYC. DAVIS,Secy.
Certified Public Accountants
Telephone 2269-2270 Broad
CO.,
BANKERS
\
INVESTMENT
74
FIRST
SECUBITIES.
BROADWAY, NEW YORK
Investment Securities.
H.
K. TAYLOR
Conn.
Mutual
&
CO..
Bldg.
BALTIMORE.
William Wilson A Sons.
Established 1802.
Wilson,
n, Colston
Cols to: & Co.
Established 1867.
Wilson, Colston & Co.,
Members of Baltimore Stock
BAKER &
&
Conn., Hartford & General
Exchange PI.
NEW YORK
Pr«.) Certified
Exchange,
BANKERS,
216 E. Baltimore Htreet, Baltimore.'
56 Pine Street
NEW YORK
Telephone 4261 John.
WEBB
HARTFORD
Finance Electric Railways,
LARGE PROPOSITIONS PREFERRED.
CERTIFIED PUBLIC ACCOUNTANTS
HOW,
SECURITIES.
Lighting and Gas Properties
SO Broad Street New Yerk.
Tel. 4968 Broad.
52 Bread way, New York.
ISO LaMnlle Htreet* Chicago.
INVESTMENT
11 Pine Street
Wa will Purchase
CERTIFIED PUBLIC ACCOUNTANT8
JAMES PAEK & 00.,
Company,
BANKERS.
JOS. B. MAYER, President.
New York
<’f many years’ experience.
Weeden &
TRACTION. GAS & ELECTRIC
CERTIFIED PUBLIC ACCOUNTANTS
-
Pino Sts.
D. H. MARTIN,
Building
Wall Htreet Exchange Building.
Broadway,
INVESTMENT
PROVIDENCE.
Kansas bon
PJdUL.ADEL.PiUA.
52
FOR
BOSTON.
New York Office, 40 Wall Sc 37
TOPEKA.
MONTGOMERY
COMPANY
MEMBERS BOS'!ON &TOCK EXCHANGE
LYBRAND,
ROSS BROS A
&
7 CONGRESS ST,
BROKER.
MONTGOMERY, ALA.
Csrtlfied Public Accountants
PHILADELPHIA
Street,
ESTABLISHED IN 1869.
RESPONSIBILITY
Bowker,
Guaranteed Principal and Interest by
American Water Works & Guarantee Company,
BANKERS Sc BROKERS,
BANK
&
Drexel Building, Phlla.
Investment* receive our special attention. Infor¬
mation oheerfully furnished
regarding present
OF MILWAUKEE.
UNITED
Audenried
Benj. C. Warnick & Co.,
^Bankers.
FIRST
H. 8. Hoppxb,
Stock Exchange.
VAUGHAN,
AND
BROKERS
MORTGAGE
GOLD
Gas Bonds
20
BROAD STREET.
NEW YORK
Investment
and
Miscellaneous
Securities
a
specialty, and whole issues handled. Exceptional
facilities for dealing in all classes of Southern
Bonds. Loans on Collateral Securities negotiated.
Robert A. Fisher A Co.,
-
BANKERS AND BROKERS
227 E. German Street, Baltimore
MEMBERS BALT. STOCK EXCHANGE
■
a m.
m
MAE. 30 19(.7
VII
THE CHRONICLE
|
Jlcxu TlovU.
^Bankets and ^Brokers outside
BANKERS
BOUGHT AND SOLD
EXCLUSIVE PRIVATE
WIRE
Hankers,
NEW YORK
JOHN
Wood and Diamond Sts.,
DUNLAP,
L.
YORK: AND
EXCHANGES
MEMBERS OF
NEW
PITTSBURGH STOCK
KELLEY, MILLER. A CCX.
N.Y. Correspondents:
OFFICE, 111 Broadway
BUFFALO OFFICE, 1000 Eillcott Square
ROBINSON BROS,,
INVESTMENT SECURITIES.
Exchange
Members N. V. Stock
BROKERS.
AND
LOU1SV1LL1E.
ROBINSON.,
&
ESTABLISHED 18«J
Halsey & Halsey.
Buffalo Securities
DANN
PITTSBURGH.
LOUISVILLE.
BUFFALO.
PITTSBURGH
Established 1880.
LOUISVILLE. KY.
MEADOWS, WILLIAMS & CO.,
STOCK EXCHANGE
MEMBERS NEW YORK
Banker and
Street
DEALERS IN
BUFFALO,
New York
Correspondent. MILDER <ft
CO.
-
MEMBERS:
BANKERS
BROKERS,
AND
Birmingham, Alabama.
Established 1871.
Whitney, Stephenson & Co.,
STOCK
BONDS,
BONDS.
AND
STOCKS
BROKERS.
FRICK BUILDING.
BANKERS AND BROKERS,
BONBRIGHT & HIBBARD
Building,
Stock Exchange,
Rochester Stock Exchange.
C New York
C Chicago
SECURITIES
Application.
Daily Lists Mailed on
LOCAL STOCKS AND BONDS.
New Y'ork Office;
11 Wall Street.
MYRON W. GREENE
BANKER
E.
NASHVILLE, TLW.
LANDIS BANKING CO..
Telephone and Street Railway
NASHVILLE,
MOSS & COMPANY
BANKERS
STOCKS
U
i \ U \J
MOTTU
WISCON3 N
-
CO.
BROKERS
NORFOLK, VA.
.
Hugh MacRae & Co.,
BANKERS,
Investment Se¬
Description.
WILMINGTON, N. C.,
Dealers In Southern
curities of livery
INDIANAPOLIS
AND
& CO.,
J. F. WILD
Bankers and
Securities—A Specialty
123 E. Market
St.,
JAS. T. ELLIOTT &
Investment
Members
American Nat
SONS,
RICHMOND. VIRGINIA.
Established 18«o.
Correspondence solicited and information fur¬
nished about Southern State, Municipal and Kaliroad Investment
Bank Bldg.
INDIANAPOLIS
TRACTIONS AND
LOCAL STOCKS AND BONDS.
Fletcher Bank Building,
Indianapolis.
Securities.
Reference—Bank of New York,
Securities
Indianapolis Stock Exchange
NEWTON TODD
Davenport
& Co.,
AND BROKERS,
BANKERS
INDIANAPOLIS.
-
PITTSBURGH.
We Bay and
Sell
INVESTMENT
BONDS
Municipal and Corporation
Securities Co.
ot
Pittsburgh, Pa.
L. L. itl’CIelland,
James 8. Kulin.
President
Sec. & Treas.
$200,000
AUGUSTA.
John W. Dickey,
BROKER,
AUGUSTA, GA.
SOUTHERN SECURITIES.
WILLIAM E. BUSH,
INVESTMENT
SECURITIES,
AUGUSTA. GA.
CORRESPONDENCE SOLICITED.
408 Colorado Building.
IN INDIANA
Municipal and Street Railway
INVESTMENT SECURITIES.
Columbia Bank Bid*?..
WASHINGTON, D. C.
Broker*.
OLDEST BOND HOUSE
Co.,
Pittsburgh Stock hxchange.
Members
~~
fit CO.,
ESTABLISHED 1850
-
BONDS
&
BANKERS AND
CORPORATE
CHAS. SCHLEY
MILWAUKEE,
AND
&
Black
"W. jr.
PAID-UP CAPITAL,
MICH,
R. M. FRIEND
BONDS
CO.,
SOUTHERN,
MILWAUKEE
SCHLEY
TENN
-
-
THOS. PLATER &
BONDS
CHAS.
specialty of all the Securities of
a
great Pittsburgh District.
Correspondence Solicited
NASI1VJUI.E, TEN N,
Bldff,, DETROIT,
We make
the
EXCHANGE,
<NO STOCKS)
ESTATE BONDS 6%
6% REAL
Municipal and Corooration
Union Trust
PITTSBURGH STOCK
Dealer in
Securities.
W.
MEMBER
Avenue,
PITTSBURGH, PA.
NASHVILLE STREET RY. SECURITIES
CUMBERLAND TELEPHONE STOCK
Securities
DETROIT, MICH.
HALL,
ROBERT C.
240 Fourth
NASHVILLE.
COULDfNC MARR,
4% to 6% Bonds
Rochester
•
Alabama.
Investment Securities.
Birmingham.
Board of Trade.
SPECIALISTS ROCHESTER
N. Y. Stock Exchange
Steiner Brothers,
ROCHESTER, N. Y.
Members:
PA.
PITTSBURGH,
Oldest Pittsburgh Members
100 Powers
PITTSBURGH
YORK, PHILADELPHIA, CHICAGO AND
PITTSBURGH STOCK EXCHANGES AND
CHICAGO BOARD OF TRADE.
Otto Marx & Co.
Securities
Local Slocks.—
316 Fourth Ave..
x-cuisvilie stock Kxenang'
BIRMINGHAM, ALA.
GEORGE R. TELLER,
Investment
Bankers and Brokers
NEW
OTHER LOCAL
BUFFALO, N. Y.
Henry Sproul & Co.,
Railway Issues a Specialty
-viembor
NIAGARA FALLS AND
SECURITIES
Broker.
INVESTMENT SECURITIES
DARWIN C. JONES,
ATLANTA, GA.
SECURITIES, NEGOTIATIONS.
LOUISVILLE.
N. B. A.
PROVIDENCE
Richardson & Clark.
25
ATLANTA
BANKERS,
Exchange Street, Providence, R. I.
Transact a general banking business. Bonds,
Stocks and Looal Securities. Private wires to
New York, Boston and Philadelphia.
J. J. B. HILLIARD 8l
SON,
LOUISVILLE, KY.,
BROKERS.
INVESTMENT BONDS.
BANKERS AND
STREET
RAILWAY
A
SECURITIES
Specialty.
Correspondents, EX.
NORTON & CO., N. Y.
[Vol Lxxyiv.
THE CHRONICLE
VIII
%xo\icvs outside %lcvo ^Jjorli.
^Bankers and
ST. LOUIS.
CINCINNATI.
CHICAGO.
NEW LOAN
Bartlett, Frazier
& Carrington,
S250,000
CITY OF CHARLESTON, W.VA.,
1 92 7- 1 94 1
DUE
only 2% of the
Total debt
CHICAGO.
WESTERN UNION BLDG.
WEIL, ROTH & CO.
NEW
CO.,
Jr. & Co.,
New York Stock Exchange,
New York Cotton Exchange,
New York Coltee Exchange.
Members: S New York Produce Exchange.
Chicago Stock Exchange,
Chicago Board ot Trade,
St. Louis Merchants Exchange.
102H-
EDGAR FRIEDLANDER
FRANCIS, BRO.&CO.
214 N. 4th Street,
ST. LOUIS.
We have at all times lar^e
COLUMBUS
WHITE, WAGNER
STOCKS
IN
Grade Municioal and Corooration Bonds
amounts of Hi^h
&
Securities.
Investment
OHIO.
-
Chicago
Board ol Trade.
Ch
DEALERS
AND DEALER
-
LouIh Stock Exchange.
J St.
(
BROKERS,
A. O. SLAUGHTER & CO.,
MONROE STREET,
139
OHIO.
ISSUE
CINCINNATI,
York Stock Exchange.
( New
Ne
Stock Exchange.
.3 Chicago
Chi
*
CHICAGO, ILL.
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated July 1
]90tj.
Due July 1. 1930.
BROKER
Members
Successors to
Companies.
Price
Broadway, NEW YORK.
WIRES.
A. O. Slaughter
STOCK
Bonds and Stocks of Ohio
NEW
71
CHICAGO BOARD OF TRADE.
INVESTMENT BANKERS
-
St. Louis.
EXCHANGE
YORK STOCK
PRIVATE
-
410 and 412 Olive Street,
CHICAGO STOCK EXCHANGE,
CINCINNATI, OHIO
CINCINNATI,
STOCKS AND BONOS,
MEMBERS:
139 East Fourth Street
W. E. HUTTON So
YORK.
NEW
STREET
BROAD
25
assessed valuation
&
SONS,
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
4^2% Bonds
EDWARDS
G.
A.
CO.,
Members New York Stock
Exchange,
Exchange,
Chicago Stock. Exchange.
St.
yielding from 4% to 5%, which
AND BONDS
are
Miscellaneous Securities in all Markets
oolumbus stock exchange
suitable for the investment
of trust funds and would aiwavs
members
be available as
DENVER. COL.
Louis
Stock
Investment Securities.
Cor¬
collateral.
respondence invited.
William E. Sweet & Go.,
Municipal and Corporation
W. B. McKeand & Co.,
Chicago.
WHITAKER
&
The Rookerv
BONDS
CO.,
Investment Securities
GROUND FLOOR EQUITABLE BUILDING
Special Attention to St. Louis Securities
SEATTLE. WASH
JOHN
E.
PRICE,
A. G. Becker &
BONDS
BANK
PORTLAND. ORE,
WELLS
PACIFIC
COAST
MUNI CIPAT and CORPORATION
Commercial
ST.
Members
Paper
and Investments.
MINNEAPOLIS,
-
LOUIS, MO.
Louis Stock Exohange.
DEALERS IN
Government
MINN.
•
Street,
iNew York Stock Exohange,
LANE,
B.
ST. LOOTS
-
-
307 North 4th
MemDerujst.
GEO.
SECURITIES A SPECIALTY
DICKEY CO.
BONDS
BONDS
-
G. H. WALKER & CO.
MINNEAPOLIS, MINN.
PHILADELPHIA
Municipal and Corporation
&
300 N. 4th ST.
Sts., Chicago.
MINNEAPOLIS.
MORRIS BROTHERS
PORTLAND
PAPER,
COMMERCIAL
S. W. Cor. Monroe & La Salle
STOCKS
PRIVATE WIRK6 TO
PRINCIPAL MARKET’S
(nc CORPORA TED.)
Banker dc Broker,
Municipal and Corporation
Co.,
Bonds and other
Investment Securities.
LOS ANGELES.
CLEVELAND.
CALIFORNIA BONDS
KANSAS CITY, MO.
Municipal, School District and Corporation
A BETTER RATE OF INTEREST
BONDS OF THE SAME MERIT ISSUED
IN THE EAST
THEY PAY
THAN
Correspond with
Hayden, Miller & Co.
Investment Securities
us
Adams-Phillips Co.
H. P. Wright
Investment Oo.
Established 1885
Municipal and Corporation
BONDS
CLEVELAND, O.
Citizens Building.
LOS ANGELES, CAL,.
Missouri and Kansas Securities
a
Specialty
Monthly Offerings Sent on Request
WM. R. STAATS
CO.,
CALIFORNIA MUNICIPAL,
SCHOOL AND CORPORATION
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
BONDS
TO
4 TO
NET
Bought
6 PER CENT
PASADENA
LOS ANGELES
W
and
FIELDING
J. STILSON
INVESTMENT
CO.,
SECURITIES,
MLilBLR LOS ANGELES STOCK EXCHANGE
LOS ANGELES.
f K. 0.
SONS,
dealers
IN
BOSTON, 3IAS8.
Emery, Anderson So Co.,
INVESTMENT BONDS.
Garfield Building
COMPANY
Kansas
Sold.
J. HAYES &
CLEVELAND, OHIO.
0RTHWEIN, McCRUM INVESTMENT
CLEVELAND, O.
City. Mo.
Ry. & Light Securities
J
Local Bank Stocks
[
Kans.& Mo. Municipal Bonds
OTTO JULIUS MERKEL
BROKER
44
ST.. NEW YORK.
INVESTMENT SECURITIES.
AND
46
WALL
Correapon._
Invi* a
Mae. 30
IX
THE CHRONICLE.
190T.J
Ucta ^garb jErtorh ^xclxatifle
McIntyre & Co.,
T. A.
Partners
New York Stock Exchance,
New York Cotton Exchance
New Orleans Cotton Excbance
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
Orleans.
CORRESPONDENCE SOLICITED
Rohan H. Slmpeoa
Effingham Lawrence
EFFINGHAM LAWRENCE & CO.
New York Stock
Exchange
Chicago Board of Trade
Chicago Stock Exchange
240 La Salle Street
25 Pine Street
NEW YORK
CHICAGO
PRIVATE WIRES
8TREET
CO.,
C. I. HUDSON &
Nos. 84-86 WALL ST.,
NSW TORE.
Member* of New York and Chicago Btoek Exchange*
CORNER WALL.
Telephone 3070 John,
CITIES.
To Institution*, Estates and Private
Investors—Mend for o*r special circu¬
lar on “ The Present Situation of the
Investment Bond Market.”
Miscellaneous Securities
in all Markets.
Members N. Y. end PMla. Stock Exchanges.
Wo Make
a
Newburger, Henderson & Loeb,
Member* of the N.Y. and Phlla. Stock Exchanges
100
Specialty of
BANK AND TRU8T CO.
8TOCK8.
P.
J. Goodhart & Co.,
Membert New York Stock Exchange,
ST BROADWAY,
Stock ExchangeIN
STOCKS, BONDS AND
MISCELLANEOUS SECURIT'ESr
IN ALL
MARKETS
BRANCH OFFICES
Waldorf-Astoria, N. Y. C.
Williamsport. Pa
Wilkesbarre, Pa.
Flatiron Building, N.Y.C.
Scranton, Pa.
2 East 44th St., N. Y. C.
St. Louis, Mo.
Buffalo, N. Y.
Syracuse, N. Y.
Cincinnati, O.
Schenectady, N. Y.
Cleveland, O;
Troy, N. Y.
Dayton O.
Utica, N. Y.
Detroit, Mleh,
Montreal, Can.
Erie, Pa.
HARRIMAN& CO.,
TRINITY BUILDING, NEW YORK
BANKERS AND BROKERS,
Transact a General Banking and Stock
Buxine—. We make a specialty
Exohaagn
of
BRANCH OFFICE, NIGHT Sc DAY
5117 FIFTH AVENUE.
BANK,.
Newport Office: Audrain Building.
A. M. KIDDER & CO.,
BANKERS,
18 WALL STREET, NEW
Established 1865.
MEMBERS OF NEW YORK STOCK
YORK.
EXCHANGE,
check.
Allow Interestt on
1
deposit* subject to sight
Buy and sell on commission stocks'and bonds,
Buj an
and
RAILROAD BONDS
GUARANTEED STOCKS.
PHILADELPHIA
STOCKS—BONDS
CHARLES FEARON & 00.
BANKERS,
Chas. Fairchild & Co.,
Orders Executed on All Leading
Stock Exchanges.
Members N. Y. Stock Exchange
NEW YORK
-
New York
Broadway,
687 CHESTNUT ST.,
Trade and
of
DEAL
PRIVATE WIRES TO PRINCIPAL CITIES
JOHN H. DAVIS & CO.,
BANKERS AND BROKERS,
NO. 10 WALL STREET,
Board
Investment Securities.
Telephone* 4266-4166-48*7 Rector.
PRIVATE WIRES TO PRINCIPAL
and Cotto
Stock
York
Chicago
principal cities. Tel 5555 Bro
CHICAGO, ILL.
Postal Telegraph Bldg
Railway Exchange Bldg.
Exchange,
Member* New York Stock
New
the
Private wires to
MEMBERS
516 Fifth Avenue
Office*,
of
Exchanges,
Stocks, Bonds and Grain
Delmonlco’it and 305 Broadway
1 NAS8AU
Members
Harris,Winthrop& Co
Direct wire connection Boston,
New
BROAD STREET
30
Special Partner
Cleveland
MEMBERS:
Chicago, and
BROWN & CO.,
A. O.
JOHN F. HARRIS.
)
H. R. winthrop,
> Genera!
T. K. CUNNINGHAM)
J. A. ripley,
BROADWAY
71
Branch
Hawses,
28 WALL STREET AND 3 BROAD STREET
Members
LADD & WOOD,
Members New York Stock
Exchange,
INVESTMENT SECURITIES.
BRANCH OFFICE
Hotel
Empire, 63d Street and Broadway 888 Chestnut St.,
Robert H. Allen.
Stanley D. Me6nw
William M. Vance.
24 Broad Street, New York.
Wilson, Watson & Herbert,
Members N. Y. Stock Exchange,
Orders Executed for Cash or on
Margin,
Members
N. Y. Stock
NEW YORK.
Howard
Lapsley & Co.,
W. H.
74
Exchange.
Goadby & Co.,
BROADWAY,
NEW YORK.
15 BROAD STREET, N. Y.
Transact
General Banking and Stock
Exchange Business.
a
ACCOUNTS OF BANKS A BANKERS
Chicago.
Branch Office, 500 Fifth Ave,
Wjl Fahnxstock, Memb.
N.Y. Stock Ex.
B. B. DODftOM.
T. J. liUMTOBD,
Fahnestock &
8accessors to
8. F. JOHNSON Sc CO.,
Co.,
33 Wall Street New York.
EX. NORTON 6l CO.f
13 Exchange Place, New York.
Ex-Norton, Menu NY. Stock Ex. Guo. F. Norrox
INVESTMENT
SECURITIES.
SECURITIES
fttroctaL
-
2 WALL STREET.
——
-
-
—— -
-
-
H. G.
»
BANKERS,
MEMBERS NEW YORK STOCK EXCHANGE,
Securities Bought and Sold on Com*
mission.
Parkinson & Burr,
STOCK BROKERS,
7 WALL STREET,
53 STATE STREET.
NEW YORK.
BOSTON.
Members of New York and Boston Stock Exchanges
Private wire between the two offio—
Information given in regard to all Boston Securities
and gestations furnished.
Tas. H.
J
NO
Olipbant & Co.,
BANKERS AND BROKERS,
20 Broad Street,
10 WALL STREET.
NEW YORK.
.
New Yerk.
.
TniiXFHONn N0.866 RSCTOR
OL1PHANT
FLOYD W. MUNDY
ALFBaD L. NOBB18
J. NOHRI8 OLIPIIaNT
Members New York Stock Exchange.
W. R. THURSTON.
O, J. BRAND,
BANKERS,
No, 57 Broadway, Now York City
Members New York Block Exchange
Campbell & Co.,
11 Wall Street, New York.
............
R. A. Lancaster & Sons
EXCHANGE
Edwin P. Campbxll,
Hanky G. Campbull,
JAS. H.
B00DY, McLELLAN&00.,
NEW YORK
Troy N.Y.
18 WALL STREET,
Branch Office,
Co.,
BROKER* AND DEALERS IN
INVESTMENT
GRAHAM, TAYLOR & CO.
SOLICITED, BANKERS * COMMISSION MERCHANT!
INTEREST ALLOWED ON DEPOSITS.
Private Wires to Cincinnati and
R. T. Wilson &
PHILADELPHIA
Hanky f. Taylor
Jab. Lobimxk Graham
Wm. Sharp lkqgktt
BANKERS AND BROKERS,
NO.
-
M12MBKRS NEW YORK STOCK
INTEREST ON BALANCES.
Hanover Bank: Bids.,
|:Philadelphia Stock Exchange
.
ALLEN, McGEAW & CO.,
7 WALL STREET.
New York Stock Exohange
:
O. J. BRAND & CO.
Members New Yerk Stock Exohange.
DEALKKfl IN
74 BROADWAY.
STOCKS, BONDS and INVESTMENTS, INVESTMENT and MISCELLANEOUS
ORDERS EXECUTED
INVESTMENT SECURITIES.
For Investment or oa Margin
SECURITIES.
Southern Securities a Specialty.
R. J. JACOBS
& CO.,
INVESTMENT
SECURITIES
41 NEW STREET.
Members N.
Y.
Stock Exchange.
Orders Executed for Gash or on
Margin
J. Gr.
BONDS
LOANS
BANK AND TRUST
COMPANY STOCKS
Zachry & Co.
BANKERS, 46 Wall St., New York
J. S. & R. D. FARLEE,
MEMBERS NEW YORK 8TOCK
EXCHANGE.
BROKERS AND DEALERS IN
INVESTMENT
11 WALL
SECURITIES
STREET, NEW YORK
[VOL.
THE CHRONICLE
X
(Eairrent
LXXXIV
Hctud Inquiries
Missouri Kansas & Eastern 1st 6s ,1942
I.
We Solicit Offerings of
Important parts of tne M. K. AT.
System.
The total issue Is outstanding and no more
of the bonds can be put upon the market
by the company. This naturally tends to
strengthen the position of the security.
They still have thirty-five (35) years to run,
do not carry a high premium and yield a
most
.
II
UNDERLYING
Brief facts concerning these bonds:
An ABSOLUTE FIRST MORTGAGE at a
moderate rate per mile upon one of the
BONDS
III.
liberal
return
for
an
UNDERLYING
FIRST MORTGAGE BOND.
Yielding Attractive Rates of Interest
F.
IV.
They are listed on the New York Stock Ex¬
change, where they always have a ready
market, and they can be purchased to-day
at an extremely attractive figure.
Write for price and further particulars.
G. W. Walker & Co.
J. LISMAN & COMPANY,
BANKERS
Telephone
25 Breed *»..
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. T. Stoek Exohufe
30
BROAD
NEWBORG & CO.,
STREET, NEW YORK.
44 & 46 BROADWAY, N. Y,
Land Title & Trust Co. Building PHILADELPHIA
169 East Jackson
45 NEW STREET.
MEMBKB8 NBW YORK STOCK EXCHANGE.
Boulevard} CHICAGO
404 Connecticut Mutual
Building, HARTFORD
Short-Term Notes
New York.
City Bonds
Allls-Cbalmers
LIB BEY &STRUTHERS
RAILROAD NOTES ‘
30 Broad Street
New York
A
A. LISMAN &
KTew Yoik &
CO.,
Specialists in Uncurrent Issues.
Scrip.
Deal in Bonds, Stocks and Investment
Securities and transact an arbitrage
business with the principal European
stock markets.
Telephone, 6745 Broad.
Cable Address:
*'
NKWE08B.”
Erie Consol 7s
25 Broad St.
Tel. 5050-1-2 Broad.
Long Branch 4s
Jersey 5s
Central of New
5s, 1936
Wabash New 4s and
Central Pacific
3£s
Commercial Cable'Bonds
Providence Securities 4s
PROCTER
Western & Korth Carolina Gs
BORDEN
&
Indianapolis & Yincennies 7s
Equitable Building, New York.
Texas & Pacific
Hartshome, Bogert &Battelle,
Members New York Stock Exohage.
os
26 Broad
Louisville Cm. & Lex. 4^s
Houst. & Tex. Cen. Con. 6s
Pere. Marquette Con. 4s,Due
Toledo Ry. & Term. 4J^s
Redemption of Government 4s
WE OFFER
Texas & Pacific 1st 5s, 2000
Lehigh Valley Term’l 5s, 1941
U. S. Realty & Imp. Deb. 5e, 1924
Wadsworth &
We will take at 100 and full inter*
to maturity U. S. 4s due July
est
vestment
Wright,
Members New York Stock Exchange
1907, in exchange for CHOICE UN¬
DERLYING RAILROAD
MORTGAGES.
Send for suggestions as
to improvement of income by rein¬
I
Telephone No. 8480-1-8 Broad
UNION TYPEWRITER
1951
Helena Lt. & Ry. 5s
East Tenn. Va. & Ga. 5s, 1956
l
160 St. James Street,
Montreal, Canada.
Steet,
New York.
Morgan’s La. & Tex. 6s & 7s
NEW YORK.
2 Wall Street.
now.
Erie Penn. Coll.
Cent. Pac. 3^>s,
4s, 1951
1929
Jersey Central 5s, 1987
Gulf & Chicago 5s, 1953
COFFIN
"Maturing Bonds,” our copy¬
righted book, with comparative
tables for bond buyers, now ready
&
COMPANY,
BONDS
34 Pine Street, New York.
Tel. 6100-1 -2-3- *-5 John.
for free distribution.
HIGH GRADE BONDS
Lincoln &
Investment Bankers.
WE
HAVE FOR
Company
Thomas L. Manson & Go.
Legal for Savings Banks
18 Wall St., N. Y
and Trustees
STOCK BROKERS
SALE
Members N.Y. and Boston Stock
New York & Jersey 5s
Terminal of St. Louis 4s
Artesian Water (Memphis) 5s
Missouri Kansas & Oklahoma 5s
Rhoades
&
7 Wall St.f Corner New
St. Louis Iron Mountain & Southern 5s
71
Company,
St.,
Broadway,
Tel. 985-986-987 Rector.
Cable Add. "Beckster,”
18 Wall St.. New York
Telephone 1135 Rector.
BAKER, AYLINC
& COMPANY
Investment Bonds
NEW YOBK
Tel. 3800 Rector
Private Wires to Boston, Hartford, New Haven and
Philadelphia
NEW YORK.
BECKER & STERLING
-
Exchanges
Detroit Edison 5s
Swift Co. 5s
Lake County (Colorado)
4s
City of Austin (Texas) 4e
Great Northern (Canada) 4s
Dealers in Unlisted Inactive Stocks and Bonds
F.
W.
MASON
&
CO,
53 State St.. BOSTON. MASS.
50
WE OFFER
Congress
Street, Boston.
:
Providence Securities 4% bonds, guar, by N. Y. N. H. & H. RR.
Peoria & Eastern RR. 4s, guaranteed by “Big Four.”
Cleveland Electric 5s, 1913.
Florida Southern RR. 1st Mortgage 4s (Atlantic Coast Line).
State of Alabama Fundg. 4s, 1920
State of South Carolina 4L£s, 1933
Ill. Cent. 1st Ext. 33^s, 1951
Mexican Govt. Gold 5s of 1899
Cuban Govt. Internal Gold 5s of 1905
M.
WOLFF,
Gable Add, "MOWOLF” 27 William St..
Phones: 6057.8598*6559 Broad
NY
Mae. 30
XI
CHRONICLES
THE
1907.|
Ittguirieg.
(fltttretxf ffimtfl
5690821—Choemnsta.pke
BONDS.
Pennsylvania Railroad Co.
March 15, 1910
5% Cold Notes, due
Price
9Ql4 and interest,yield about
5.65%
appeal as probably the most attractive of Railroad Notes
the high credit of the maker, but because they have what most reoent Issues lack
To discriminating
Investors, these notes
not alone because of
namely, collateral security
consisting of
10,000,000
PENNSYLVANIA COMPANY STOCK
8,800,000
Pfaelzer & Co.
BANKERS
25
BOSTON
BROAD STREET.
& STRINGFELLOW
Hitchcock SCOTT
Banker* dt brokers
Ashmore, Lutz &
Tel. 2672-3-4 Bd
25 Broad Sr.
Potomac Electric Power Co.Icons. 5s, 1936
Union Steel Co. 1st Mortgage 5s, 1952
Georgia Midland 1st Mortgage 3s, 1946
Norfolk & Western Ry. Dlv. 4s, 1944
RICHMOND, VA.
From time to time we make studies of railroad
and Industrial properties for the benefit of our
Mort.5s.1935
Consolidated Indiana Coal Co.1st
Sneriaiut«d
specialists \
clients.
We will upon application
the following properties.
WANT.
Pittsburgh 6s, 1911
6s, 1916
•.r*
OFFER.
Coal & Iron Railroad 1st 5s,
1920
Co.5s, 1921
Poughkeepsie Light, Heat <Se Power
Co.,
SOUTH CALVERT 8T.,
Sutton,' Strother &
104
BALTMMBE, HO.
Members of Baltimore
Stock Exchange.
LEONARD F. HEPBURN, Broker
Kansas City (Mo.) Gas 5s. 1922
Milwaukee Gas Lt. 4s, 1927
Buffalo Ry. Cons. 5s, 1931
Buffalo Gas Co. 1st 5s, 1907
Detroit City Gas Prior Lien 5s,
BOND8 of Public
porations
BANKERS it BROKERS
York Stock Exchange
45 Broad «».. N. Y.
Tel. 4301-9 Broad
Members New
carefully
S. C.
5s
RR. Sec.
SPILLER & CO.,
City
Newport News, Ya
Olean, N. Y
4s
Providence, R. 1
3s
Rumford, Me
Scranton, Pa
4s
4s
4s
Seneca, N. Y
5s
Youngstown, Ohio
5s
or
more.
LIST UPON
REQUEST
Denison & Farnsworth
Bankers
Street, Boston
24 Milk
Cleveland and Philadelphia
Louisville.
STOCK EXCHANGE.
Securities
& JONES
Connecticut Traction Bonds
PINE STREET.
NEW YORK.
TELEPHONE 237 JOHN.
-
N Y.
WANTED
Duluth & Iron Range
Connecticut Railway &
Lighting Co.
Chicago Indianpolis & Louisville
Toledo & Ohio Central 1st 5s
Pensacola & Atlantic 6s
5s
Am.
Securities
Elec.5s(Guar.by Amn.GasCo.)
pfd.& com .stocks
Vulcanized Fibre Co. pfd. & com.
GEO. P. B16SELL,
Foarth St.
Philadelphia, Pa.
W. A.
WILLIAMSON,
BONDS
55 William Street
Telephone 6150 J hn
AMD
ALL
MARKETABLE
UNLISTED
SECURITIES.
FOR SALE
Intemat. Silver
Debenture 6s, 1933
Dealer In Unlisted
Securities of Railroads and other
TeL 6320 Broad.
30 Broad St. Now York.
Corporation! In the United
States and elsewhere
W. E. R.
SMITH & CO.,
20 Broad Street
-
-
New York.
PARMELEE & CO.,
20 Broad St.
Tel. 910-1 Rector
N. Y.
INVESTMENT
Fairmont Coal 5s
Cleveland Akron & Col. Gen. 5s
Winona",& St. Peter 7s, 1916
St Louis & Frisco. 43^s, 1908
Colorado Spr. & C. C, Cons. 5s. 1942
IB embers
N. Y. Stock Exchange.
Street, New York city
Tel. 4640 John
SECURITIES
E. C. Stanwood
& Co,
BANKERS.
96 MILK
Rosen, Stillman . & Co.,
stocks.
118 Booth
frederIchThatch,
1st 5s
Burlington (Iowa) Ry. & Light Co. 5s
Consolidated Gas Co. of New Jersey 5s
Green Bay Gas & Electric Co. 5s
Kingston Gas &
International Silver prefered
International Silver common
CO.,
20 Broad St.
NEW YORK
E.I.duPont deNemour P. Co.
WANTED
PATERSON &
-
-
Jester &> Co.,
27
ISooton.
•
-
Equitable Gas L. Co. (N.Y.)lst 5s
New York & E.R. Gas Co.(N.Y.) 1st 5s
Westchester Lighting Co. 1st 5s
New York
New Orleans Ry. & Light Securities
Springfield Ry. & Light Securities
SAUNDERS
International Traction of Buffalo and
Specialists in Inactive Bondi,
Pine
314s
35 WALL ST.,
Austin, Texas, 4s & 5s
Plattsmouth (Neb.) Water Co. Bonds
Beatrice (Neb.) 3s & 4s
Richmond Pass. & Power 5s
C. L.
Milwaukee Co., Wis...
yielding 5 Per Cent.
Bank
Hudson River Electric Co.
St. Louis <fc No. Arkansas
&£%■ iV.
3U>s
HIGH-GRADE BONDS
Citizens’ Central Nat.
Tel. 1985-6 Rector.
Massachusetts
4s
Several choice issues of Public
Utility Bonds, the latter
HENNING <& CO.,
MEMBERS NEW YORK
Carnegie Trust Co.
27 State Street
4s
New York
Street,
New York.
FOR SALE:
H. C.
Claire, Wis
Haverhill, Mass
selected
investment
NET 454% to 554%.
other Traction
WANTED
4boS
4s
ALSO
Service Cor¬
conservative
30 Pine
PHILBRICK & HALL
Duluth, Minn
4s
BANKERS
E. Tworger
J.WUlat HaU
E. Pbllbrfck
4s
Bickmore & Co.,
A. H.
TO
SPECIAL
Wanted—Temple Iron Co. Coll. Tr. 4s. 1925
Tel. 3785-3786 Rector
20 New St., N.Y. City
A
& Ohio
B. &0., C. &0. and N. & W
C. & O. and N. & W.
& Ohio Dividend
for
1923
Brooklyn Union Gas Cons. 5s, 1945
Central Union Gas Co. (N.Y.) 1st 5s, 1927
Altoona, Pa
Cleveland, Ohio
Columbus, Ohio
West
send our circular! on
of Ga. Income Bonds.
Waterbury
Co. Common
\vater5Ury Co. Preferred
West Virginia Central &
Western North Carolina
PHILADELPHIA
NEW YORK
4s
Eau
PENNSYLVANIA 4% EQUIPMENT CERTIFICATES
PENNSYLVANIA 4% WATER SUPPLY BONDS .
$45,000,000
Akron, Ohio
STREET
BOSTON
[VOL. LXXXIV
THE CHRONICLE
in
gatifc statements.
financial
REPORT
UNEQUITABLE
American Exchange
State of New York, at
1907:
RESO URCES.
NASSAU
STREET
Surplus $10,000,000
Capital $3,000,000
KRECH, President.
W.
ALVIN
FREDERICK W. FULLE, Sec. and Treas
HUGH M. WALKER, Assistant Treasurer.
Vice-President.
RHOADES JR., Assistant Secretary.
LAWRENCE L. GILLESPIE,
LYMAN
TRUSTEES.
C. F.
Adams 2d
B.
Alexander
C
H.
M.
Dryden
Frederick We Fulle
Lawrence L. Gillespie
John F.
Alexander
b.
Hugo Baring
F. R. Coudert
Paul
D.
Otto H.
T. DeWitt Cuyler
William
A.
Lyman Rhoades Jr.
Smith
V. P. Snyder
Gage E. Tarbell
Sir William C. Van Horne
J. Henry
Kahn
Alvin W.
Day
Henry C. Deming
M. Hartley Dodge
Krech
F. Force
H.
H.
George
T. Wilson
Henry Rogers Winthrop
Moffat
Morton
Peters
Ralph
for
Clearing
other
national
Exchanges
2,952,925 74
1.500,000 00
763.702J80
13
362,068 22
25,002 54
bankers
Checks and other cash items
7,264,430 02
House
Notes of
banks
10,000 00
Fractional paper currency,.
nickels and cents
Lawful money reserve in
bank, viz.:
Specie
Legal-tender notes
.... _
2,197 91
2.939,145 00
701,100 00
15,347,566 82
Redemption fund with U. S. Treasurer
(5% of circulation).
Due from U. S. Treasurer, other than 5%
redemption fund
250,000 00
28,000 00
.S45,113,390 67
Total
M. Walker
L.
D.
Paul
Pierce
Porter
H. H.
Bradlsh Johnson
Cravath
S.
Henry S. Redmond
Harriman
H.
T. H. Hubbard
H. Crocker
W.
Winslow
Overdrafts, secured and unsecured
U. S. bonds to secure circulation..
Bonds, securities, &o
Banking house, furniture and fixtures
Other real estate owned
Due from national banks
(not reserve agents)
$4,043,023
Due from State banks and
the close
$19,250,917 SI
14,277 50
5,000,000 00
Loans and discounts
OF NEW YORK
IS
National Bank
at New York, in the
of business March 22,
TRUST COMPANY
■
CONDITION OF
THE
OF
LIABILITIES.
Capital stock paid in
Surplusfund
Undivided profits, less expenses and taxes
paid
National banknotes outstanding..
Due
to
other
national
$5,000,000 00
2,250,000 00
2.733.6S6 68
4,939,797 50
$8,821,885 98
banks
Due to State banks
bankers
Due to trust companies
and
1,575,145 03
and
savings banks
798,750
Dividends unpaid
6,356
Individual deposits subject
to check
..17,302,773
Demand certificates of de¬
45
50
25
64,165 82
posit
Certified checks
1,416,211 56
Cashier’s checks outstanding 202,888 49
30.1S1.820 58
1.729 41
Reserved for taxes
$45,113,390 67
Total
State of New York, County of New York, ss.:
I, EDWARD BURNS, Cashier of the above-named
bank, do solemnly swear that the above statement is
true to the
best of my knowledge and belief.
EDWARD BURNS, Cashier.
Subscribed and sworn to before me this 26th day
March. 1907.
ELBERT A. BENNETT.
Notary Public, Kings County, 113.
Certificate filed
New York County.
t—A
Co rrec
ttes t:
WM. L. BULL.
)
J. R. MAXWELL,
^Directors.
DUMONT CLARKE. J
of
in
MEGARGEL & CO.
BANKERS
5
ST., NEW
NASSAU
Telephones
FOR
BONDS
YORK.
® Rector
|
INVESTMENT
special »»*is In
Northeastern Pennsylvania
jrcarhtg A* ©o.,
Wall
•7
NEW YORK
Street
BANKERS
Investment
BANKERS,
Securities
149 Broadway,
H. P-
348 Fourth Avenue,
28 State
We
Will
CHICAGO
Chestnut St.,
PHILADELPHIA
Buy
Railroad, Street Ry., Gas & Elec.
SECURITIES.
Correspondents: Edward B. Smith & Co.
and Phila. Stock Exchanges
Members N. Y
Light
If06
Manual
of
Northeastern
Pennsylvania
Securities, Now Out, Mailed free on Bequest
JAMES TALCOTT-
Banker and Commission
merchant
Manufacturers* andcuher Accounts
Solicited and Financed
St., New York.
Pennsylvania Investment
Securities
Our
HOOENPYL, WALBRI06E & CO.,
HIGH GRADE BONDS
St., BOSTON
Pittsburgh Coal Co. 1st 5s, 1954
7 Wall
DEALERS IN
PIYTsBIJUGH
421
PA
SCRANTON
Northeastern
Taylor & Company
CO.,
BANKERS,
NEW YORK
140 Dearborn St.,
BOND HOUSE OF
&
BROOKS
A. B. Leach & Co*,
Securities
SALES CASHED
Equitable Interest Allowed on Deposits
108-110 Franklin St., NEW YORK
Staten
Island
Water
LEONARD
66 Broadway,
Supply Gs
SNIDER,
NEW YORK
402 Land Title Building,
PHILADELPHIA
Mak. 30
gatth Statements.
JBartk statements.
COMPANY=BANK
CHICAGO
RESOURCES
of business
RESOURCES.
Bonds
Stocks.
7,566.020 93
7.513.51S 27
164.815 00
Loans
—
Checks tor Clearings
Hand
on
Real Estate
:
$71,320,621 69
—
850'40O,O 00
57,852 38
14,980,391 26
17,017,97S 57
400 000 00
Building
Cash
on
$22,831,921 70
Bank Premises, Ground
Due from Banks
$26,602,757 59
43,787,581 23
930,282 87
Deiramd Loans on Collateral
Time Loans on Collaterals
Security.--$7,587,567 53
Demand Loans on Security
1907
STATEMENT MARCH 23,
CHICAGO.
Report of Condition at the commencement
March 23rd, 1907.
Bank
Illinois Trust & Savings
HE NORTHERN TRUST
Time Loans on
xm
THE CHRONICLE
1907.]
.S2,896.930 39
720,870 51
3,699.662 24
7.317,463
Real Estate..
Bonds and Stocks
14 Cash and
Exchange
S31,399,384 84
Total
’$103,376,843 90
LIABILITIES.
SI.500,000 00
1,000,000 00
Capital Stock...
Surplus Fund...
Undivided Profits.
Interest Reserved
549,228 92
76,974 25
Cashier’s Checks
Certified
Checks
Deposits
Undivided Profits
1,616,360 43
i
$26,059,173 35
65,201,310 12
Deposits
Deposits
Demand
27,911,335 88
Time
$31,399,384 84
Total
$4,500,000 00
6,000,000 00
Capital Stock paid in
Surplus Fund
126,203 17
S15.153.621 59
12.757,714 29
Demand Deposits..
Time
LIABILITIES
719.514 88
30 00
142.300 91
Dividends Unpaid
91,260,483 47
OFFICERS.
$103,376,843 90
BYRON L. SMITH, President.
HANKEY, Vice-President.
F. L.
SOLOMON A. SMITH, 2d Vice-President.
THOMAS C. KING, Cashier.
Cashier.
ROBERT McLEOD, Asst.
G. J. MILLER,
Asst. Cashier.
ARTHUR HEURTLEY, Secretary.
H. O.
EDMONDS, Asst. Secretary.
ROCKWELL, Asst. Secretary.
EDWARD C. JARVIS, Auditor.
We have
DIRECTORS.
A. C.
HAMILL.
WRITE FOR
most desirable
CIRCULAR NO. 48
Guaranty Trust Co.
Bank
OP CHICAGO
March 22nd, 1907.
28 NASSAU ST.
New York
of New York
TELEPHONE
4140 John
Close of Business,
of Condition at
mailed upon application
superior to
return considerably higher, thus affording a
class of railroad obligations for. investment
ALBERT A. SPRAGUE,
SOLOMON A. SMITH.
BYRON L. SMITH.
Statement
title which will be
the conclusion
security equal or
that of first mortgage bonds, combined with a net-
MARVIN HUG HITT,
CHAS. L. HUTCHINSON.
MARTIN A. RYERSON.
The Continental National
prepared a circular under this
The considerations advanced seem to justify
that railroad equipment bonds possess
BARTLETT.
WILLIAM A. FULLER,
ERNEST A.
Bonds
of Railroad Equipment
Investment Value
H. H.
RESOURCES.
Loans and
Discounts—$44,143,214 38
1,190,255 45 $45,333,469 83
Stocks and Bonds
3,000,000,00
101,250 00
2,525 02
Circulation
U. S. Bonds
U. S. Bonds to secure
Premium on
Overdrafts
Due
from
...
Banks
and
.
$10,908,050 04
15.182,957 79
U. S. Treasurer
Cash
26.091.007 S3
$74,528,252 68
LIABILITIES.
Capital Stock paid in
Surplus Fund
Undivided Profits
fPittiajettds.
TOLEDO RAILWAYS &
Toledo. O.,
.
$4,000,000 00
2,000,000 00
772,579 31
2,990.700 00
Circulation
04,764,973 37
Deposits
$74,528,252 68
OFFICERS.
REYNOLDS, President.
ALEX. ROBERTSON. Vice-President.
WM.G. SCIIROEDER, Cashier.
BENJAMIN S. MAYER, Assistant Cashier.
GEORGE M.
March 28, 1907.
Broadway. N. Y.
71
will be closed from
April 20, 1907, at 12 o’clock noon,
day, May 2. 1907, at 10 a. m.
S.
i
I
Saturday,
until Thurs¬
D. CARR, Treasurer.
pany,
payable April 15, 1907, to
DETROIT UNITED RAILWAY.
Coupons due April 1, 1907, from Detroit
Wayne & Belle Isle Railway Company
Fort
First
Detroit & Lake St.
INTERNATIONAL BANKING
New York.
CORPORATION.
March 27, 1907.
The Board of Directors has to-day declared
Mortgage 5% Bonds and
Clair Railway Company First Mortgage 5%
dividend of two per cent on the capital stock
this Corporation, payable April 10.
will be paid on and after that date on
tion at the office of Kean, Vau Cortlandt & Co., ; the net profits for the
New York.
ber 31, 1906, to stockholders of record at
G. H. RUSSEL, Treasurer.
close of business April 4, 1907.
JAMES H. ROGERS.
Secretary
a
of
1907, from
half-year ended Decem¬
the
Bonds
presenta¬
THE UNITED STATES
320 Broadway, New
FINISHING COMPANY,
York, March 21, 1907.
PREFERRED STOCK DIVIDEND NO. 31.
The Board of Directors have this day declared
the regular quarterly dividend of one and threequarters per cent (1 % %> upon the Preferred
WALDECK, Assistant Cashier.
FRANK II. ELMORE, Assistant Cashier.
WILBER HATTERY. Assistant Cashier.
J. R. WASHBURN. Ass stant Cashier.
stockholders of
The
record at 3 o’clock P. M., April 5, 1907.
! Books of the Company for the transfer of Common
i
Stock will be closed at three o’clock P. M., Aprils,
1907, and will be reopened April 16, 1907.
W. E. MERRISS, Secretary.
'
HERMAN
REFININd CO.
City, March 6, 1907.
of ONE QUARTERLY COM. STOCK DIVIDEND NO.14
The Directors of the American Smelting & ReCompany
Checks fining Company have tills day declared a Dividend
record, payable of ONE AND THREE-QUARTERS (1 X) PER
Cortlandt & Co., ! CENT on the Common Capital Stock of the Com-
The regular semi-annual dividend
PER CENT on the Capital Stock of this
has been declared payable May 1, 1907.
will be mailed to stockholders of
at the office of Kean, Van
New York.
Transfer books
—
Office of
AMERICAN SMELTING &
LIGHT COMPANY
Stock of this company, payable April 1, 1907,
stockholders of record at the close cf business
March 21, 1907.
F. S. JERCME, Treasurer
For
other
dividends
go
see
page
xvi
4-CitSC
to
DIRECTORS.
John C. Black, Chairman
J. Ogden Armour,
Albert J. Earling,
Henry Botsford.
B. A. Eckhart,
W. C. Seipp,
of the Board.
Edward Hines,
Frank Hibbard,
Frederick Weyerhaeuser.
Samuel McRoberts,
Alex. Robertson,
George M. Reynolds.
.
r"r
NORTHERN
MAINE SEAPORT RR. CO.
First Mortgage Railroad & Terminal 5% Bonds.
Coupons due April 1st, 1907, from the above
Bonds will be paid after maturity at the offices
os
Brown Brothers & Company In New York,
Boston and Philadelphia.
F. C. PLAISTED, Treas.
TO
i
LEASE
commodious offices on the
First Floor of 66 Wall Street
extending through to Pine Street, with vault an/
The
large and
Street, now occupied by tk*
Corporation, who are soon t
remove to William Street, corner Malden Lane.
Apply to WM. O. PLATT, 56 Wall St., R. 40
basement on Pine
London Assurance
[VOL.
THE CHRONICLE
XI?
LXXXIV
Bank statements.
LINCOLN NATIONAL BANK
OF THE CITY OF NEW YORK.
MARCH 22ND, 1907.
$500,000
Capital
Surplus (Earned)
THE NATIONAL CITY BANK
$ 1,000,000
Undivided Profits
NEW YORK
OF
Deposits
Total
Chartered 1812
THE
MADE
STATEMENT
OF
ANSWER
TO
IN
CALL
THE
OFFICERS.
THOMAS L. JAMES, President.
E. V. W. ROSSITER.)
J. D. LAYNG,
- Vice-Presidents.
WM. A. SIMONSON, J
CHARLES ELLIOT WARREN, Cashier.
DAVID C. GRANT, Asst. Cashier.
CITY BANK
THE COMP¬
NATIONAL
THE
OF
DIRECTORS.
Banks, Bankers, Trust Companies, Cor¬
porations and Individuals Invited.
Market & Fulton National
FOURTH
CONDITION
OF THE
First National Bank,
o*
Now York, in the State of New York, at the close
business March 22, 1907
at
Redemption
fund with United States
of circulation)..
RESOURCES.
1,364 00
50,000 00
228.452 44
circulation.
Due from national banks (not reserve
agents)
Due from State banks and bankers
Checks and other cash items
Exchanges forClearing House
Notes of other national banks
Nickels and cents
Lawful money reserve in bank, viz.:
1.930,351
334,265
60,553
6.048,657
10,100
$3,S63,469 68
3.417,265 49
Loans and discounts.
Due from banks and bankers
Real estate and securities
United States bonds
Cash
1.000,000 00
Banking house
48
700,693 00
550,000 00
904,910 56
..
82
$9,436,338 73
45
LIABILITIES
54
00 ! Capital
59 45 Surplus and undivided profits
; Circulation
Deposits
.
$400,000
1,162,702
387,000
7.486,636
r
1.585,000 00
—
Redemption fund with LT. S. Treasurer
(5^ of circulation)
Due from U. S. Treasurer, other than 5^
redemption fund
.
00
41
00
32
$9,436,338 73
5.136,802 43
E. F. C. YOUNG. President.
2,500 00
GEO.
T.
Vice-President.
SMITH.
EDW’D I. EDWARDS, Cashier.
39,000 00
132,759,028 44
Total
other
i
banks
$11,790,628
Due to State banks and
bankers
1,339,252
Due to trust companies and
savings banks
2.136.647
Individual deposits sub¬
6,363,269
ject to check
Demand certificates of de¬
posit
The
Gallatin
National
Bank
RESOURCES.
Loans and discounts
$4,366,378 42
Overdrafts, unsecured
23 49
United States bonds to secure circulation
1.000,000 00
Bonds, securities, etc
2.084,083 44
Banking house
500,000 00
Due from national banks (not reserve
17
19
.
37
agents)
1.000 00
4.043.308 42
cents
2,744 98
33,433 85
8.344,874 29
and
14] 03
.r
Lawful money reserve
In bank, viz.:
26.538,709 70
1.290,778
Total
*32,759,028 44 !
Redemption fund with United States
State of New York. County of New York, ss.:
Treasurer (5% of circulation)
50,000
I. CHARLES H. PATTERSON. Cashier of the aboveDue from United States Treasurer other
named bank, do solemnly swear that the above state¬
than
5% redemption fund
14,000
ment is true to the best of my knowledge and belief.
CHARLES H PATTERSON. Cashier.
Total
$174)16.069
Subscribed and sworn to before me this 28th day of
March. 1907.
LIABILITIES.
RODERICK P. FISHER. Notary Public.
j Capital stock paid in
$1,000,000
Correct—Attest:
! Surplus fund
2,000,000
J. EDWARD SIMMONS. 1
j Undivided profits, less expenses and
JAMES G. CANNON.
1 Directors.
taxes paid
411,292
WM. S. OPDYKE.
J
....
,
Chicago & North Western Rights
BOUOHT AND SOLD
National bank-notes outstanding
Dividends unpaid
Individual deposits subject to
1 Demand certificates of deposit
Accepted drafts
SCHMIDT & GALLATIN
Members N. T. Htock Exchange
Tel. No. 8200 fteotor
111
BROADWAY
THE
BATTERY PARK NATIONAL BANK
24 STATE ST.
(Opp. New Custom House.)
Shipping and Export Accounts Invited.
H. A. De LIMA,
President
CALTIN TOMKINS.V.Pres. EDWIN B.DAY,
GEO. 8. Talbot, Amt. Cashier.
Cashier
| Cashier’s checks outstanding
00
,
00
61
WALL
60
STREET.
N. Y.
Condensed Statement at the close of
business
February 26th 1907
Loans and discounts
Overdrafts
Stocks and bonds
Cash on hand and due from banks..
$2,711,903
1,948
11,600
786,538
63
07
00
30
$3,511,990 00
$500.000 00
113,535 00
Capital
Surplus and undivided profits
27,429 45
Certified checks
2,871.025 95
Deposits
$3.511.990 00
00
00
28
989,197 50
809,730 31
THOS. H. HUBBARD. President.
JAMES S. f'EARON. Vice-President
JOHN HUBBARD.Vlce-Presldent.
JAMES H. ROGERS. Cashier.
CHAS. S. LIPPINCOTT, Asst. Cashier.
338,055 00
banks
check
376,690
114
4.457.355
2,632
7,161,660
94
00
98
50
03
MUNICIPAL
RAILROAD
309,341 07
CORPORATION
$17,916,069 61
Total
I State of New York, County of New York, as.:
I, GEORGE E. LEWIS, Cashier of the abovei named
bank, do solemnly swear that the above state¬
ment is true to the best of my knowledge and belief.
GEO. E. LEWIS, Cashier.
Subscribed and sworn to before me this 27th day
of March, 1907.
H. L. BRAYNARI),
Notary Public, Westchester Co
(Certificate filed in New York Co.
Attest.
Correct
W. EMLEN ROOSEVELT.)
ALEX. If. STEVENS
'.Directors.
THOMAS DENNY 'r
J
.
THE INTERNATIONAL BANK,
90
,
j Due to other national banks
Due to State banks and bankers
1
Due to trust companies and savings
Correct—Attest:
A. GILBERT.
i
JOSEPH C. BALDWIN.
Directors.
PHILANDER R. JENNINGS.J
229,611 21
__
Due from State banks and bankers.*
Checks and other cash Items
Exchanges for clearing house
Fractional paper currency', nickels
77
864.543 78
ing
Total
$11,394,436 06
State of New York. County of New York, as.:
' „
I, THOMAS J. STEVENS. Cashier of the above
named bank, do solemnly Bwear that the above state¬
ment is true to the best of my knowledge and belief.
T. J. STEVENS, Cashier.
Subscribed and sworn to before me this 28th day of
O. B. LEWIS.
Notary Public. Kings Co.
Certificate Ailed in N. Y. Co.
at New York, in the State of New York, at the close
of business March 22, 1907:
national
Accepted checks
Cashier’s cheeks outstand¬
2,500 0©
March, 1907.
Capital
$3,000,000 00
2,000,000 00
Surplus fund
Undivided profits, less expenses and taxes
paid
1.166.580 24
National bank notes outstanding
49,500 00
Dividends unpaid
4,238 50
to
56
14
94
00
$ 1,000,000 00
Capital stock paid in —
- —
1.000,000 00
Surplus fund
Undivided profits, less expenses and taxes
541,430 65
paid
39.200 00
National bank-notes outstanding
677.496 22
I>ue to other national banks.
186.811 48
Due to State banks and bankers
- 1,004,785 29
Due to trust companies and savings banks
135 00
Dividends unpaid
6.639,512 62
Individual deposits subject to check
6,623 64
Demand certificates of deposit
182,330 12
Certified checks
116,111 04
Cashier’s checks outstanding
REPORT OF THE CONDITION OF
LIABILITIES.
Due
89
LIABILITIES.
Bonds and securities
Legal-tender notes
00
$11,394,430 06
Total
JERSEY CITY, N. J.
March 22d, 1907.
to secure
60
72
00
00
bank, viz.:
Treasurer (5Cc
RESOURCES.
Overdrafts
U. S. bonds
of
THE
BANK
NATIONAL
Bank
the State of New York, at the close
business March 22, 1907:
RESOURCES.
Loans and discounts
$7,099,941
632
Overdrafts, secured and unsecured
United States bonds to secure circulation
50,000
Bonds, securities, etc
104,355
Banking house, furniture and fixtures...
600,000
Due from national banks (not reserve
agents)
696,541
Due from State banks and bankers
146,572
Checks and other cash items
4S.841
546,268
Exchanges for clearing house
..
Notes of other national banks
28,106
at New York, in
Lawful money reserve in
THE
OF THE
REPORT OF THE CONDITION
HIGH-GRADE BUSINESS.
REPORT OF
New \ork-
Accounts of
ADDITIONAL
DESIRES
.
Joseph P. Grace,
William G. Rockefeller.
Depository of the United States, State of
City of New York.
291/2 PER CENT RESERVE, OR $6,500,000 ABOVE LEGAL
REQUIREMENTS.
THE CAPITAL OF THE BANK IS $25,000,000; ITS
SHAREHOLDERS’
LIABILITY
$25,000,000; AND ITS
$22,552,808
SURPLUS
AND
UNDIVIDED
PROFITS
A TOTAL OF $72,552,808.
NATIONAL CITY BANK
James Stillman.
Eben E. Olcott.
W. K. Vanderbilt Jr
Thomas L. James.
Matthew G. D. Borden,
Charles C. Clarke.
E. V. W. Rossiter.
J D. Layng.
TROLLER, MARCH 22, 1907, SHOWS GROSS DEPOSITS
OF $185,028,550; NET DEPOSITS OF $147,633,582; GOLD
AND LEGAL TENDERS IN VAULT $43,395,479, BEING
THE
resources
$500,400
$13,654,600
$16,877,800
Selected
for
) 4%
[
»
to
6%
BONDS
conservative
invettora.
LISTS MAILED UPON APPLICATION.
Lawrence
Barnum &
Go.,
BANKERS.
*27 AND 129 PINE 8T. NEW
421 Chestnut St.,
YORK
Philadelphia
*
Mar.
iV
THE CHRONICLE-
301907]
Satth statements.
THK
ORGANIZED 1881.
Garfield National Bank
23D
A SIXTH AVE., N.
ST.
M
Y.
ARCH 22. 1907.
Liberty National Bank
369,131 49
Undivided Profits
8,586,846 69
Deposits
11,005,277 18
Total resources
OFFICERS
00
00
9.250 00
$13,219,011 01
CHARLES H. STOUT.
DANIEL Q. REID,
Vice-President.
JAMES V. LOTT.
FREDERICK P. McGLYNN.
Vice-President.
Assistant Cashier
Cashier.
DIRECTORS
HENRY C.
Firms,
HENRY P. DAVISON
CHARLES H. WARREN
FREDERICK G. BOURNE
AMBROSE MONELL
FREDERICK B. SCHENCK
HINE
GILLESPIE
CHARLES H. STOUT
CHARLES A. MOORE
FRANCIS L.
A.
T.
TINKER
J. ROGERS MAXWELL
National Bank. Second National Bank THE BANK OF NORTH AMERICA
Fifth Avenue and 23d Street, New York
STATEMENT MARCH 22, 1907.
$5,009,430
250,000
235,544
59,818
Real estate—banking house.
Due from national banks
27
00
78
11
294,032 27
Exchanges for Clearing House...
$8,754,716
500,000
1,092,551
2,933,624
United States bonds
Stocks, securities, Ac
Cash and cash items
$6,999,559 17
$200,000 00
841,574 13
200,000 00
Circulation
5,757,985 04
Deposits
$6,999,559 17
OFFICERS.
FRANCIS L. LELAND, President.
CHRISTIAN F. TIETJEN. Vice-President.
FREDERICK FOWLER. Vice-President.
JAMES C. BROWER. Cashier.
Chartered by Congress
00
07
31
States.
National Bank 1864
1781.
STATEMENT MARCH
22d, 1907.
RESOURCES.
$9,861,020 37
1,457,060 55
Loans and Discounts
LIABILITIES.
'
Capital stock.
Surplus and undivided profits
14
$13,280,891 52
Total
LIABILITIES.
Oldest Bank in the United
RESOURCES.
Loans and discounts
1,150,727 74
Cash
PHILADELPHIA
City.
1907.
Report of Condition March 22,
RESOURCES.
Loans and investments
United Suites bonds.
*
00
47
13.824,282 54
and Eighth Ave., New York.
14th St.
...
Deposits
D. G. REID
E. C. CONVERSE
GEORGE F. BAKER
E
F. C. YOUNG
ARTHUR F. LUKE
Bankers,
Circulation
Bonds Borrowed
Reserved for taxes, etc
$1,000,000
2.291,078
094,400
100,000
2,874,444 36
Gelshenen,
Individuals Invited.
New York County
_
CHARLES W. RIECKS.
Second Vice-President.
New York.
Corporations and
2,904,884 57
....
President.
Ruel W. Poor,
Samuel Adams,
Alfred J. Cammeyer,
Banks,
200,000 00
637,265 24
2,770,571 66
Capital Stock
Surplus and Undivided Profits
$18,219,011 01
the State of New York, City of
of
LIABILITIES.
$7,641,845 18
1,100,000 00
FREDERICK B. SCHENCK,
Harry F. Morse,
Wm. H.
Morgan J. O’Brien.
Accounts
ASSETS.
Loans and DiscountsUnited States Bonds
Other bonds to sec. IT. S. Deposits
Due from Banks and Bankers
Other Stocks and Bonds..
Cash
DIRECTORS
Depository of
CONDENSED STATEMENT, MARCH 22, 1907
Clearing House Exchanges.
RUEL W. POOR, President.
C. W. MORSE, Vice-President.
JAMES McOUTCHEO.W Vice-Prest.
W. L. DOUGLASS, Cashier.
A. YV. SNOYY', Asst. Cashier.
James McCutcheon,
Charles 1'. Wills,
Charles W. Morse,
Broadway, New York
130
$1,000,000 00
1,000,000 00
Capital
Surplus
$500,000 00
1.900,266 5S
Capital
Surplus and undivided profits
250,800 00
Circulation
Due
from'Bfcnks
and Bankers
Bonds borrowed
400,000 00
-
$13,280,891 52
Total.
JAMES STILLMAN, President.
JOHN L. RIKER, Vice-President.
WILLIAM A. SIMONSON, 2d Vice-Pres.
2,095.531 57
-
$14,430,374 64
Total
10,229,824 94
Deposits
1.016,762 15
Clearing House Exchanges
Cash and Reserve
LIABILITIES.
$1,000,000 00
2,268,652 56
Capital
Surplus and Undivided Profits
Circulation
447,597 50
.
10,714,124 58
Deposits
$14,430.374 64
Total
J. S. CASE. Cashier.
JOHN H. WATT, Cashier.
WM. PABST. Asst. Cashier.
REPORT OF THE CONDITION OF
The National
At New
REPORT OF THE CONDITION
City Bank of New York
York, in the State of New York, at the close of
business March 22, 1907.
RESOURCES.
'
Loans and discounts
$130,385,243
Overdrafts, secured and unsecured
28
U. S. bonds to secure circulation
9,373,500
U. S. bonds to secure U. S. deposits
395,000
Other bonds to secure U. S. deposits..
3,651,000
172,850
U. S. bonds on hand
U. S. bond account
2.440,500
Premium on United States bonds.
7,077
Bonds, securities, Ac
20,775,631
...
00
00
00
00
39
62
(not reserve
4,473,751 99
agents)
Due from State banks and bankers
Checks and other cash items
Exchanges for clearing house
Notes of other national banks
Fractional paper currency, nickels and
cents
Lawful money reserve in bank, viz.:
Specie
Legal-tender notes
11
00
200,000 00
Banking house, furniture and fixtures..
Due from national banks
01
839,975 73
876,950 88
31,031,670 38
172.1KTOO
3.562 45
43,012,435 00
Redemption fund with United States
Treasurer (5% of circulation)
468.675 00
Due from United States Treasurer,
other than 5% redemption fund
383.044 98
$248,663,006 54
Total
LIABILITIES.
Capital stock paid in
$25,000,000 00
20,000,000 00
Surplus fund
Undivided profits (less expenses and
taxes
2,552.80S 90
paid)
National bank notes outstanding
Due to other national
banks
$33,929,351
Due to State banks and
bankers
8.453,222
Due to trust companies
and savings banks
22,836.632
Provident reserve fund
30.000
Dividends unpaid
480
Individual deposits sub¬
-.
ject to check
Demand
-
certificates
04
65
44
00
00
92,90S,261 69
of
9,955 88
deposit
Certified checks
,
Cashier's
checks
out¬
standing
United States deposits..
Bonds borrowed.
9,373,497 50
12,414.137 23
185 ,028.550 14
6 708.150 00
Total
$248,663,006 54
State of New York, County of New York, ss.:
1, ARTHUR KAVANAGH, Cashier of the abovenamed bank, do solemnly swear that the above state¬
ment Is true to the be*st. of .my knowledge and belief
A. KAVANAGH, Cashier.
Subscribed and sworn to before me this 26th day of
March. 1907.
GEORGE II. COREY,
Notary Public, New York County
Correct—Attest.
CLEVELAND H. DODGE. 1
JOHN W. STERLING.
^Directors.
EDWIN S. MARSTON.
J
the State of New York, at the close
March 22, 1907.
RESOURCES.
Loans and discounts
$10,744,681 55
Overdrafts, secured and unsecured
29 90
550.000 00
United States bonds to secure circulation
United States bonds to secure United
300,000 00
States deposits
—
Other bonds to secure United States de¬
541.781 50
posits
50.000 00
United States bonds on hand
34,718 75
Premiums on United States bonds
732.249 67
Bonds, securities, Ac
995,257
34
Banking house, furniture and fixtures...
Due from national banks (not reserve
1,337.968 06
agents)
347.017 46
Due from State banks and bankers
33.120 47
Checks and other cash Items
Exchanges for clearing house
3,297,780 19
31.000 00
Notes of other national banks.
Fractional paper currency, nickels and
2,320 49
cents
The Mercantile National Bank
at New York, in
of business
Specie
Legal-tender notes
Redemption
In bank, viz.:
$2,256,777 40
1.070,000 00
3.326.777 40
fund with United States
Treasurer (5% of circulation)
Due from United States Treasurer,
than 5% redemption fund
27.500 00
New York, at the close of busin*
of the City of
March 22. 1907:
RESOURCES.
and discounts
$19 .599,612
3,626
Overdrafts, secured and unsecured
United States bonds to secure circulation
1 ,470,000
105.000
U. S. bonds to secure U. S. deposits
460,000
Other bonds to secure U. S. deposits
50,937
Premiums on U. S. bonds
791,903
Stocks, securities. Ac
86,097
Banking house, furniture and fixtures..
832.494
Other real estate owned
990.272
Due from national banks
416,100
Due from State banks and bankers
Checks and other cash items $79,702 16
Exchanges
for
Clearing
Loans
151,806 00
LIABILITIES.
Capital stock paid in
$2 .000,000
.000.000
Surplus fund
Undivided profits, less expenses and
557,595
taxes paid
550,000
National bank notes outstanding
Due
to
national
other
banks
$5.222,639 62
Due to State banks and
888,520 86
bankers.
Due to trust companies and
savings banks
3,071,957 15
Dividends unpaid
91 00
Individual deposits subject
7.041,683 57
tocheck
Demand certificates of de¬
posit
52,158 Si
Certified checks
490.337 70
Cashier’s checks outstand¬
Total
Suite of New
770.024 51
700.000 00
-
Legal-tender notes
Redemption fund with U. S.
Treasurer (5 per cent of
617.000 00
1«
63
00
circulation)
from U. S. Treasurer
other than 5 per cent re¬
73,500 00
Due
107,703 22
demption fund
Total
3.973.07 1 7?
$22,504,008 7S
of March, 1907.
W. McKAY. Notary Public.
Correct—Attest.
JOHN A. STEWART.)
J. W. HARR I MAN.
^Directors.
R. M. GALLAWAY. I
$28,779,116 75
,
•>
LIABILITIES.
Capital'stock paid in
Surplus fund
.
Undivided profits, less
taxes
paid
Due
other
to
-
expenses
to
$3,000,000 00
4.000.000 00
1.028,171 66
1.470.000 OO
3.614 30
outstanding
national
$3,173,810 17
banks
Due
and
—
National banknotes
Dividends unpaid
State
banks and
bankers
companies and
savings banks
Individual deposits subject
1,720.227 55
Due to trust
check
Demand certificates
to
9.130.154 05
1,512.746 66
335.660 85
outstand¬
U. S. deposits
State of New
2.54S.750 52
of de¬
posit
Certified checks
Cashier’s cheeks
ing
2
IS 237,413 »2
U. S. bond account
150.000 00
9.000 00 I
Total
York, County of New York, ss.:
I. ZOHETH S. FREEMAN. Cashier of the abovenamed bank, do solemnly swear that the above statemedt is true to the best or my knowledge and belief.
Z. 3. FREEMAN, Cashier.
Subscribed and sworu to before me this 26th day
A.
74
1.263,231 09
l .831,935 31
House
Specie
$22,5O4,0OS 78
Bonds borrowed
Reserved for taxes.-.
7®
87
00
00
00
50
29
other
Total
ing
United States deposits
10,991.509 21
3,395.000 00
REPORT OF THE CONDITION OF
THE MERCHANTS’ NATIONAL BANK
Lawful money reserve
$37,504.435 00
5.5OS.0OO 00
OF
10.9SO 79
510.000 00
IS.942 330 59
335 •00 OO
$28,779,116 75
York, County of New York.
I. F.M1L KLEIN. Cashier of the above-named bank,
solemnly swear that the a bow statement is true to
the best of my knowledge and belief.
EMIL KLEIN. Cashier.
do
27th day of
Subscribed aud sworn to before me this
March, 1907.
JAMES H. ROBERTSON.
Notary Public
Correct—Attest:
MILES M. O'BRIEN.
]
E. T. JEFFERY.
Directors.
WILLIAM SKINNER
J
.
gintdends
giuidctttls.
TheFarmers'Loan&TrustOo.
AMERICAN WOOLEN CO.
16,18, 80 Sc 28 William St.,
New York City.
Thirty-Second Quarterly Dividend.
giutcLeuds.
Winslow,Lanier & Go., 59 Oedar St.
YORK
NEW
THE
CITY
FOLLOWING COUPONS AND
DENDS ARE PAYABLE AT OUR
HOUSE
[VOL. LXXXIV,
THE CHRONICLE,
XVI
AND
ON
DIVI¬
BANKING
AFTER
APRIL 1ST. 1907.
Cleveland & Mahoning Valley RR. Co. 5%
Registered Interest.
Cleveland & Pittsburgh RR. Co. Gen. Mtge. 4 L£s.
Franklin, Indiana, 5s.
Lawrenceburg, Indiana, Refunding 4 ]4s.
Marlon, Indiana, School Annual 5s.
Monroe County, Indiana, Funding 5 l$s.
Niagara Falls Power Co., 6 % Canadian Collateral
Debentures.
Pittsburgh Fort Wayne & Chicago Ry. Co. First
Mortgage 7s, Series “D.”
Pittsburgh Fort Wayne & Chicago Ry. Co. Sec¬
ond Mortgage 7s, Series “K.”
Pittsburgh Fort Wayne & Chicago Ry. Co. 7%
Incomes, Registered Interest.
Pittsburgh Fort Wayne & Chicago Ry. Co. Special
Guaranteed Stock Dividend 1 ^ %.
APRIL 2D.
Grant County 0% Gravel Road Bonds.
Pittsburgh Fort Wayne & Chicago Ry. Co. Guar¬
anteed Stock Dividend-1 ^
Coupons and dividends due In April are payable at
this office on and after April 1st, 1-907, as
follows:
Bridgeport & Martins Ferry Street
Railway Company
Cayadutta Electric Railroad Company
Chippewa Falls Water Works Company
Commercial Cable Company
Connellsville Water Company 5%
Elmira Water Works Company
Jefferson City (Mo.) Water Works Company
Keokuk Water Works Company
Marinette City Water Company
Mobile & Ohio Railroad Company:
Extension Mortgage
Car Trust “Q”
Equipment''Agreement, Series B
Muncle Water Works Company
Pittsburgh Cincinnati Chicago & St. Louis Rail¬
way Company 4 l£%, Series “A” and “B”
St. Louis Merchants’ Bridge Terminal Railway
Company
St. Paul City Railway Company
St. Joseph Water Company
Victoria (Texas), City of
April 2nd, 1907.
Hornellsviile Water Company
Bellalre
DIVIDENDS:
April 1st. 1907.
Rapid Transit Company,
Twin City
ferred Stock
on
Pre¬
Notice Is hereby given that the regular quar¬
terly dividend of One and Three-Quarters Per
Cent (1 Y\ %) on the Preferred Capital Stock of
the American Woolen Company of record March
30, 1907, and on fully paid subscriptions to the
new Issue, will be paid on the 15th of April, 1907.
Transfer
Books
for
Preferred
Stock
will
be
closed at the close of business March 30, 1907,
reopened April 16, 1907.
and will be
WM. H. DWELLY JR., Treasurer.
Boston, Mass., March 20,
1907.
UNITED COPPER COMPANY
Copper Company,
the entire amount necessary
regular dividends on
The Directors of the United
having
aside
set
for the payment of the
the preferred stock during
the year 1907 (viz.,
$300,000), have declared from the profits of the
regular quarterly dividend of 1 % %
a
company
the COMMON stock (viz., $787,500), payable
April 29, 1907, to stockholders of record at
the close of business April 16. 1907.
The stock transfer books of the company
close for the payment of this dividend at 3 o’clock
p. m., April 10, 1907, and reopen at 10 o'clock
on
a.
m.,
April 30, 1907.
STANLEY GIFFORD, Treaurer.
APRIL 3D.
Greenfield, Indiana, 5s.
APRIL 7TH.
Portsmouth, Ohio, Street Improvement 5s.
APRIL 15TH.
Pulaski County, Indiana, Funding 5s.
APRIL 18TH.
Greenfield, Indiana, 6s.
ST.
LOUIS
&
WESTERN
RAIL¬
ROAD COMPANY.
60 Wall Street, New York, March 14, 1907.
A semi-annual dividend of TWO PER CENT on
the preferred stock of this Company has been de¬
clared by the Board of Directors out of the sur¬
plus earnings of the Company, payable April 15,
1907, to holders of record of said stock at the close
of business on March 30, 1907.
The transfer books of the preferred stock of this
Company will be closed at the close of business on
March 30, 1907, at the office of the Lawyers Title
Insurance & Trust Company, Transfer Agents,
59 Liberty Street, New York City, and will be re¬
opened at the opening of business on April 16,
1907.
The above dividend will be paid by check,
mailed to the latest addresses furnished by the
stockholders to the transfer agents on or before
the closing of the books.
JAS. STEUART MACKIE, Secretary.
NEW
YORK CENTRAL & HUDSON RIVER
RAILROAD COMPANY.
Office of the Treasurer, New York, March 20 1907.
THE BOARD OF DIRECTORS of this Com¬
pany has declared a dividend of ONE AND ONEHALF PER CENT on Its capital stock, payable at
this office on the 15th day of April next, to stock¬
holders of record at the close of business on Thurs¬
day, the 28th Inst.
For the purpose of the annual election of Di¬
rectors of tnis Company, which will be held on the
17th day of April next, the transfer books will
be closed at 3 o’clock p. m. on Thursday, the
28th Inst., and reopened at 10 o’clock a.m. on
Thursday, April 18tn, next.
EDWARD L. ROSSITER, Treasurer.
DETROIT UNITED RAILWAYS.
Detroit. Mich., March 20, 1907.
The regular quarterly dividend of 1 M % on the
capital stock of this Company has been declared,
payable May 1, 1907.
Checks will be mailed
to stockholders of record, payable at the office
of Kean. Van Cortlandt, & Co., New York.
Transfer
books
will
be closed from Monday,
p. m., until Thursday,
April 15th, 1907, at 3
May 2, 1907, at 10 a. m.
G. H. RUSSEL. Treasurer.
TOLEDO ST. LOUIS & WESTERN RAILROAD
COMPANY.
Coupons due April 1st, 1907, from the First
Bonds of this Company, will be
paid on and after that date upon presentation at
the office of the Central Trust Company. 54 Wall
Mortgage 4%
Street, New York City.
JAS. STEUART MACKIE. Treasurer.
UNITED RAILROADS OF SAN FRANCISCO.
Coupons due April 1st, 1907, from the First
General .Mortgage Sinking Fund Four Per Cent
Bonds of tin* above Company will be paid on
and after that date at the offices of Messrs.
Brown Brothers & Co., New York, Philadelphia,
and Boston, and of Messrs. Alex. Brown & Sons.
Baltimore.
George E. STARR, Treasurer.
Buffalo & Susquehanna Railroad Go.
Common Stock Dividend No. 32.
The regular quarterly dividend of ONE AND
ONE-QUARTER PER CENT (1*4%) on the
Common Stock has been declraed payable April
F. A. LEHR, Treasurer.
lBt, 1907.
FISK & ROBINSON. 35 Cedar Street, N. Y..
FtsccI Agents.
THE KANSAS CITY SOUTHERN RAILWAY COCoupons of the First Mortgage 3 % Gold Bonds
of The Kansas City Southern Railway Company,
due April 1st, 1907, will be paid at and alter
maturity upon presentation at the office of the
New York Trust Company, 26 Broad Street,
New York City.
H. VISSCHER, Treasurer.
Colorado
Springs & Cripple Creek District Rail¬
paid on and after that date
the office of The Chemical
way Company will be
upon presentation at
National Bank, No.
270 Broadway, New York
City.
The Colorado Springs & Cripple Creek District
Railway Company
APRIL 20TH.
Portsmouth, Ohio, Street Improvement 5s.
TOLEDO
THE COLORADO & SOUTHERN RY. SYSTEM.
Coupons due April 1st, 1907, from the Second
Mortgage Five Per Cent Bonds and First Con¬
solidated Mortgage Five Per Cent Bonds of The
UNITED FRUIT COMPANY
DIVIDEND
SHORE
30.
1907.
A1ICHIGAN SOUTHERN
RY. CO.
Company will be
Wednesday, April
3d, 1907, preparatory to the annual meeting of
stockholders to be held May 1st, and will be re¬
opened Thursday, May 2d, 1907.
CHARLES F. COX, Treasurer.
MICHIGAN CENTRAL RAILROAD CO.
The transfer books of this company will be
closed at 3 o’clock p. m. on Wednesday, April
3d, 1907, preparatory to the annual meeting of
stockholders to be held May 2d, and will be re¬
opened Friday. May 3d, 1907.
CHARLES F. COX, Treasurer.
NEW YORK CHICAGO & ST. LOUIS RR. CO.
Company will be
Wednesday, April
3d, 1907, preparatory to the annual meeting of
stockholders to be held May 1st, and will be re¬
opened Thursday, May 2d, 1907.
CHARLES F. COX, Treasurer.
The transfer books of this
closed at 3 o’clock p. m. on
WISCONSIN
MINNESOTA & PACIFIC RAIL¬
ROAD COMPANY.
the First Mortgage bonds of
April 1, 1907, will be paid on
presentation at the office of Blair & Go.
The coupons of
this Company due
G. F. PHILLEO, Secretary.
„
MINNEAPOLIS & ST. LOUIS RAILROAD CO.
Coupons due April 1, 1907, from Pacific
Extension bonds of this Company will be paid
on and after that date upon presentation at the
office of the Central Trust Company, 54' Wall
Street, New York.
F. H. DAVIS, Treasurer.
THE POTOSI & RIO VERDE RAILWAY CO.
Coupon No. 17 of the First Mortgage Bonds
of this Company, due April 1st, will be paid on
and after that date at the office of the
No. 82 Beaver Street.
Company,
C. J. NOURSE, Secretary.
r
THE CHATHAM NATIONAL BANK.
A quarterly dividend of FOUR PER CENT has
this day been declared by the Board of Directors
of this bank, payable ona nd after April 1st, 1907,
until which date transfer books will be closed.
H. P. DOREMUS. Cashier.
New York, March 22d, 1907.
The National Bank of North America in
New York.
New York, March 14th, 1907.
Board of Directors this day declared the
The
regular quarterly dividend of Two Per Cent and
an extra dividend of Three Per Cent, payable on
April 1st. 1907.
Transfer books close at 3 p. m., March 20tli,
and reopen at 10 a. m. April 2d, 1907.
EDWARD B. WIRE,-Cashier.
THE
WASHINGTON TRUST COMPANY.
OF TH E CITY OF NE‘ V YORK.
Broadway, New York, March 20, 1907.
quarterly dividend of THREE PER CENT
on the capital stock of this company has this day
been declared, payable on and after April 1, 1907.
280
A
Transfer books close
April 2, 1907.
on
March 25
and reopen
M. S. LOTT, Secretary.
THE
THE
CHARLES A. HUBBARD, Treasurer.
&
The transfer books of this
closed at 3 o’clock p. m. on
GALLATIN NATIONAL BANK
of the City of New York.
140TH CONSECUTIVE SEMI-ANNUAL
DIVIDEND.
New York, March 27th, 1907.
The Directors of this Bank have this day de¬
clared a dividend of SIX PER CENT, free of tax,
payable on and after April 6th, proximo, to stock¬
holders of
record at 3 p. m. to-day.
GEORGE E. LEWIS,
Cashier.
31.
holders of record at the close of business March
JAS. STEUART MACKIE, Secretary.
LAKE
NO.
quarterly dividend of two per cent on the
capital stock of this Company has been declared,
payable April 15, 1907, at the office of the Treas¬
urer, 131 State Street, Boston, Mass, to stock¬
A
AMERICAN CHICLE COMPANY.
The regular quarterly dividend of ONE AND
ONE-HALF PER CENT (1 ?^%) on the Pre¬
ferred Stock, payable April 1st, and a dividend
of ONE PER CENT
(1 %) on the Common
Stock, payable April 20th, 1907, have this day.
been declared.
Transfer books for Preferred Stock will close
March 26th at 3 p. m. and re-open April 2nd,
1907, at 10 a. m.: Common Stock transfer books
will close April 15, 1907, at 3 p. m., and re-open
April 22nd, 1907, at 10 a. m.
HENRY ROWLEY, Treasurer.
March 25th, 1907.
AMERICAN LOCOMOTIVE COMPANY.
Ill Broadway, New York, March 21, 1907.
The Board of Directors this day declared a
quarterly dividend of ONE AND THREE-QUAR¬
TERS PER CENT upon the preferred capital
stock, payable April 22, 1907, to the preferred
stockholders of record at the close of business
on
April 1 1907.
Checks will be mailed.
•Transfer books of the preferred stock will close
at 3 p. m. April 1, 1907. and reopen April 22,
1907.
LEIGH BEST, Secretary.
COMPANIA METALURGICA MEXICANA
March 18th, 1907.
Coupons of the First Mortgage Bonds of this
Company, due April 1st, will be paid on and
after that date on presentation at the New York
office of the Company, No. 82 Beaver Street.
Checks for Interest on registered bonds will be
mailed March 30th to owners of record at close
of business on March 23rd.
C. J. NOURSE, Secretary.
ANACONDA
COPPER
MINING
COMPANY.
42 Broadway. New York,
has this day declared Dividend No. 26, amount¬
ing to ONE DOLLAR AND SEVENTY-FIVE
CENTS
($1 75).
payable April
18th, 1907.
Stock transfer books close at noon April 6th,
1907, and rc-open at ten o’clock a. m. April
16th, 1907.
A. H. ME LIN, Assistant Secretary.
New York, March 26th, 1907.
PHILADELPHIA COMPANY.
TREASURY
DEPARTMENT.
Pittsburgh, I’a., March 21, 1907.
DIVIDEND.—The Directors this day declared
a quarterly dividend on
the Common Stock of
T )ne and One-half Per Cent (1 *-£ %), payable May 1
loo? to Stockholders of record April 1, 1907.
<’hecks will be mailed.
C. J. BRAUN JR., Treasurer.
ST. PAUL UNION STOCKYARDS COMPANY.
First Mortgage 5% Gold Bonds (Coupons April
and October).
Coupon 41, due April 1st 1907.
will be taken up on behalf of the Company and
paid by the
National Bank of Commerce In New
York and Messrs. Robert Benson & Company In
London and by the Stockyards NatlonalBank
at
South St. Paul, Minn., on and after April 1
A. A. McKECHNIE, Secretary.
1007.
AMERICAN TELEPHONE & TELEGRAPH CO
A Dividend of Two Dollars per share will be
paid on Monday, April 15. 1907, to stockholders
of record at the close of business on Saturday.
March l.G, 1007.
The transfer hooks will be closed Trora March 18
to March 30, 1907, both days Included.
WM. R. DRIVER, Treasurer.
Office of the
NEW YORK DOCK COMPANY.
New York, March 22d, 1907.
The Board of Directors has declared a dividend
of TWO PER CENT on the Preferred Stock of
this Company, payable April 15th to stockholders
of record at the close of business on April 1 1907.
GEO. E. SPENCER, Treasurer.
For
other
dividends
see
page
xiii.
1
2fiu;tttcUtl.
#* manctul.
LOUISVILLE & NASHVILLE RR. CO.
HOUSTON & TEXAS CENTRAL
JfittancUtl.
To the holders of
Northern
Great
Railway
GENERAL MORTGAGE
of Canada
GUARANTEED BONDS.
Mortgage Bonds
of the General
Notice of
of this Company, the following four
hundred and live (405) bonds have this day been
drawn for the Sinking Fund, viz.:
.Mortgage
that The Canadian
Company, successor
hereby given
Quebec Railway
Is
Notice
Northern
First
1907.
New York, March 22d,
accordance with the terms
In
4%
XVII
THE CHRONICLE.
Mar. ."50 1007
14592
16447
18285
The
Bonds
Houston
for Payment.
Drawn
<Sc Texas Central
pany, having In Its possession
sales of lands covered by Trust
by amalgamation of Great Northern Railway of
Canada, will, on surrender as below mentioned
not later than April 14th, 1907, of GreatNorthern
5
9785
11586
31
9787
11610
13172
14603
16457
18293
51
9814
11644
13180
14652
1646S
18307
Railway of Canada Four Per Cent Guaranteed
Bonds, Issue In exchange therefor Four Per Cent
Canadian Northern Quebec Railway Company
52
9834
11669
13322
14678
16473
18352
172
9895
11749
13362
14694
16490
18373
173
9938
11765
13368
14728
16522
18438
7740
9944
1176S
13420
14755
16546
18492
7740
10000
11791
13435
14761
16568
18495
7917
10002
11796
13468
14764
16605
18537
8009
10003
11821
13475
14790
16608
18555
8018
10039
11826
13478
14815
16613
18610
8040
10062
11849
13499
14829
16661
18663
8051
10102
11873
13536
14873
16668
18676
8123
10164
11893
13552
14907
16754
18720
8130
10204
11966
13554
14965
16768
18728
8185
10207
11971
13563
14999
16784
18805
8212
10265
12006
13582
15004
16792
18810
crued Interest thereon.
The distinguishing numbers
8369
10276
12043
13632
15043
16846
1S827
drawn are as follows,
8391
10316
12107
13714
15079
16867
18857
3
896
1546
8392
10417
12109
13773
15107
16909
18 874
63
903
8417
10418
12111
13778
15110
16980
18923
64
911
1572
1573
16986
18925
66
912
1626
71
962
1629
79
968
1637
1639 2657
1735.£2670
1766 2675
Perpetual Debenture Stock (guaranteed both
as to principal
and Interest by The Canadian
Northern Railway Company) at the rate of £95
sterling of such Debenture stock for each $500
of Great Northern bonds, Interest to be adjusted
both on stock and bonds, the said Debenture
Stock to be Issued In London. England.
The holders of Great Northern bonds who
wish to make the exchange on the terms above
mentioned may send their bonds to Natlona1
Trust Company, Limited, Toronto, Canada, one
of the Trustees of the Mortgage securing the said
Debenture Stock, specifying In whose name or
names
the Debenture Stock Is to be Issued.
Interest on the Debenture Stock Is payable half-
Frederic P. Olcott, the Central Trust Company of
Newr York, and the Southern Paclllc Company,
dated April 1, 1890, which are applicable to the
purchase of the Houston & Texas Central Railroad
Company’s First Mortgage Bonds, secured by such
indenture to an amount sufficient at the price lim¬
ited In said Trust Indenture to purchase and retire
380 of such bonds, and, it having been found that
such bonds cannot be purchased at or below 110
per centum of the par value thereof and accrued
interest thereon, there have been drawn by lot,
under the provisions of such Trust Indenture
Bonds secured thereby, bearing the distinguishing
numbers hereinafter stated, to be paid for out of
such proceeds of such land sales at the said rate of
110 per centum of the par value thereof and ac¬
yearly on the 30th of June and 31st of December,
the adjustment of Interest will have to be
made with the National Trust Company.
Upon
8419
10431
12142
13794
15171
8446
10458
12143
13818
15192
17017
18930
8479
10479
12207
13906
15201
17126
18966
89
972
being made, the National Trust
8494
10597
12234
13917
15208
17127
19034
113
988
arrange with Its Co-Trustee In
London, England, for the Issuance of Debenture
8554
10627
12250
13936
15212
17141
19072
118
1022
8557
10630
12255
13953
15263
17151
19114
124
Stock In accordance with the Instructions given
8606
10696
12276
13980
15271
17153
19130
145
1032
1044
the holders of the Great Northern bonds.
Further particulars can be obtained from the
Canadian Northern Quebec Railway Company
1 Toronto Street, Toronto, Canada.
8616
10698
12344
14011
15290
17188
19202
10700
14051
15356-
17200
19222
1088
8669
12357
152
166
8722
10713
12387
14075
15429
17270
19265
and
this adjustment
Company
will
by
H.
W.
MOORE, Secretary;
The Canadian Northern
14th, 1907.
March
Toronto,
Quebec Railway Co.
iloticcs.
•
185
1100
1118
175
8803
10747
12390
14078
15477
17295
19275
209
1143
10762
12396
14079
15553
17316
19291
286
8906
10773
12454
14082
15581
17381
19299
288
1180
1219
12484
14170
15593
17405
19308
289
1228
315
1 235
320
10851
17774
the
17794
Preferred
and Common Stock (which have been
closed for the purpose of the dividends
payable April 1, 1907,) are
9339
11300
12905
14311
16014
17823
9385
11308
12910
14331
16055
17835
19677
9463
1 137 6
12914
14348
16084
17874
19682
9494
11380
12926
14362
16120
17899
19697
695
9497
1 1399
12953
14366
16134
17962
19742
701
9498
11405
13080
14413
16216
17982
19748
709
16237
18001
19749
745
19757
1383
1390
19564
579
19574
601
19605
609
9581
11421
13095
14444
9638
1 1481
13109
14454
16254
18084
9723
1 1508
13113
14515
16255
18105
19805
9741
11531
13115
14565
16263
18117
19952
9770
11534
13128
14566
16279
18118
9773
11558
13136
14577
16301
18201
The interest on the same will cease
the bonds plus ten per
premium will be redeemed at the officii of the
Louisville & Nashville Railroad Company, No. 71
Broadway, New York City, on and after that date.
E. L. SMITHERS, Assistant
Treasurer.
5H%.
.1404
1413
1433
2235
2244
3248
3268
4108
5069
5106
6053
6921
7951
4 109
6075
0968
1438
2255
2262
3284
411 2
51')7
6154
617 6
6981
7988
8027
7005
8036
7016
8049
755
1440
1446
1449
1456
1478
1484
1490
799
1499
2306
2328
2333
881
1539
2340
2275
2286
2287
2289
4104
3286
4119
5136
3289
3327
4135
1142
6181
6184
3350
4146
5140
5 i 56
5184
3351
3364
4 15 5
51 85
6229
7036
4156
5213
6235
7041
3385
4177
3399
4266
5251 6284 7043
531S 6292 7070
3 11 2
4303
O
—
«J
7018
7035
6225
7225
6324
380 Bonds.
such distinguishing numbers
paid for at the rate above mentioned,
viz.: 110 per centum and accrued Interest, upon
presentation thereof, with .all unmatured coupons
will
be
attached thereto, at the office of the Houston &.
Tex as Central Railroad Company, 120 Broadway,
New York City.
The bonds so drawn will cease to bear interest
from and after sixty days’ published notice of such
drawing, viz.: from and after tin* 27th day
May, 1907.
New York,
Central Railroad Company,
A
Box 958, New York.
Securities
SPECIALTY
,
in
SPECIAL CAPITAL.
ESTABLISHED
High
Grade
retirement
the
BOND
Corporation
shortly
of
a
Bonds,
partner,
43
dealing
HOUSE
owing
offers
Stock Exchange
Exchange Place
Te ephone
to
a
attractive proposition for a special partner
with
$50,000
to
$100,000
capital
Replies
will be considered confidential.
Address BOS¬
TON OFFICE, care of Commercial and Financial
Chronicle, P. O. Box 958 N. Y. C.
THE BOURSE
PHILADELPHIA
BRANCH
Bristol
184S Broad
OFMCE
Building,
b Ave. and
Telephone 1558 Bryant
Knox,
Wallace
Members N. Y. Stock
PRIMROSE & BRAUN,
New
York
Fire
Bank, Trust
Insurance Stocks
City
43 Exchange
ROBB
FRANCKE, THOMPSON &
Members N. Y.
AN
LOVETT, President.
March 28th, 1907.
Cuban
very
TO
7934
7943
69 15 7948
5987
4992 6633
4958
4070
By R. S.
22, 1907, the Voting Trustees will be
prepared to distribute the above dividend of TWO
AND ONE-HALF PER CENT (2 V2% ). when re¬
ceived by them, among the parties entitled thereto
as same appear of record on their books when
3H
6830
6867
6901
3164
3222
Houston & Texas
partnership up to $200,000
in a high-class, going, successful and money¬
making long-established Stock Exchange
house, and will take active part in manage¬
ment ot the business.
Such business must
withstand most careful investigation.
Per¬
sonal and business references will be fur¬
nished.
A. L.. care of The Chronicle, P. O
Railway Co.. WHICH HAVE ASSENTED TO
THE EXTENSION AGREEMENT OF AUGUST
27, 1902, will close at 12 o’clock noon on Satur¬
day, March 30, 1907, and will reopen at 10 o’clock
A. M. on Monday, April 21, 1907.
NET
648
672
681
3984
2205
2224
WILL BUY
23 Wall Street, New York, March 8. 1907.
The transfer books of the Voting Trustees for
Preferred Stock Trust Certificates of the Southern
AND
7921
7929
3037
3043
of
Saiantctl.
R. D. LANKFORD. Secretary.
RAILROAD, GAS
AT PRICES TO
List upon Application.
6818
3945
5745
The bonds bearing
June 1st,
1907, and the principal of
30. 1907.
The preferred stock transfer books will close at
12 o’clock noon on Saturday, March 30, 1907, and
will reopen at 10 o’clock A. M. on Monday, April
MORTGAGE 5%
WATER
BONDS.
7886
7898
2078
3887
3936
6669
5692
19995
cent
FIRST
6804
6815
1291
15962
YORK
7840
7883
1293
16002
NEW
6803
399
470
14295
BROADWAY
6775
390
14298
Ill
5851
4863 5881
3993 4901 5884
2108
2111 3073 4004 4908 5921
2119 3101 4044 ■1927 5925
2121;[315314046 4939 5921)
2168 3159 4053 4957 5962
19472
12737
BANKERS.
5821
4837
17584
12739
& CO.
4786
15699
11272
A. N. CHANDLER
5775
5796
5812
14235
11166
closed as above.
J. P. MORGAN & CO..
Agents for Voting Trustees.
4750
4782
12531
9327
On April
2948 '3879
11045
9325
21, 1907.
4739
9081
510
7079
3844
1276
498
6642
3819
374
19559
7507
7609
2803
19452
19517
6595
6622
2922
17534
17704
7509
7538
1986
2006
2036
1 5666
17713
6593
7695
6690 7715
6694 7752
6724 7779
6725 7794
6740 7797
14193
15863
6564
4707
4723
12521
15877
6477 7436
6503 7442
6540 7461
3700
11039
14274
7341
2772
9078
1306
1326
7248
7250
7264
7339)
1960
352
14292
RAILWAY COMPANY.
Broadway, New York, March 8. 1907.
A DIVIDEND OF TWO AND ONE-HALF
PER CENT (3)4%) out of accumulated Income
has been declared on the PREFERRED STOCK
of the Company, payable April 22, 1907, to stock¬
holders of record at the close of business March
2680
2707
19451
481
5333
3548 4466
3554 4475 5583
3585 4490 5590
1783
1800 2719 3598 4554 5592
1878 2732 3611 4594 5623
1894 2752 3624 4602 5626
191032756 3666 4631 5680
1919 2768 3695 4674 5683
1779
17491
12618
80
7366
7375
15657
12684
SOUTHERN
6463
6475
14186
11150
Bit) id cutis.
5515
5 517
5582
12511
11121
YORK. MARCH 21st, 1907.
3526 4420
3528 4462
11030
9312
120 BROAD WAV. NEW
6402 7358
9072
9231
MILLAR, Secretary.
6435
5498
1240 2045 2985
1267 2053 3002
1274 2066 3003
19501
ALEX.
5449
4410
19412
19473
NOW OPEN.
4395
3520
19332
17659
of
2608
2615
17456
17616
transfer
6422
5396 6427
17459
1 5820
the
5389
4382
15639
15804
for
4303
3514
3515
15616
14247
books
3511
141 SO
14239
that
2538
2589
14177
12589
given
6325
6415
12499
12584
hereby
5348
12485
11108
is
4310
4362
11016
11093
Notice
3491
10857
9172
TRANSFER OFFICE.
3429
9049
332
of the bonds so
viz.:
2480
2509
8985
9162
Union Pacific Railroad Co.
1073
8830
8929
Railroad Com¬
eash proceeds from
Indenture between
13169
i
an®
Place^’^' NEW TOE&
30 Broad Streetf.
4vM St.
& Co.,
Exchange
New York
Transact a General Commission an *
Investment Business in Securities
[Vol. lxxxiv.
THE CHEONICLE
xvm
ffimmctal
BROTHERS,
KOUNTZE
BROADWAY AND CEDAR STREET
Investments
Conservative
We Offer,
NEW YORK
......
Subject to Prior Sale,
RAILROAD
NOTES
LAKE SHORE & MICHIGAN SOUTHERN
yielding
about
5H%.
5s, February I, 1910,
MICHIGAN CENTRAL 5s, February 1, 1910,
yielding about 514%
PENNSYLVANIA RAILROAD 5s, March 15, 1910,
yielding about 5^ %.
1907,
PENNSYLVANIA COMPANY Guaranteed 4&s, November 1,
yielding about 6%.
LOUISVILLE & NASHVILLE 5s, March 1, 1910,
yielding about
5H To.
SOUTHERN RAILWAY 5s, February 1, 1910,
yielding about
6%%.
.
EQUIPMENT TRUSTS
(Secured by standard equipment, title held by
OF
CENTRAL
CENTRAL
1909 to July, 1914,
RAILWAY 4&s, January,
GEORGIA
GEORGIA
OF
the Trustee, and guaranteed both principal and interest.)
yielding 5 %.
RAILWAY 5s,
yielding 5?4%>.
September, 1907 to March, 1917,
ST. LOUIS IRON MOUNTAIN & SOUTHERN 5s,
yielding 5%.
.
June, 1909,
-
RAILROAD BONDS
RICHMOND & DANVILLE 1st 6s, January, 1915,
yielding about 4.10%.
KANSAS CITY & PACIFIC 1st 4s, August, 1990,
yielding about 4.30 %.
CENTRAL
GEORGIA,
OF
MOBILE DIVISION
yielding about 4.25 %.
1st 5s, January, 1946,
MISSOURI KANSAS a OKLAHOMA 1st 5s, May,
1942,
yielding about 4.65 %.
DULUTH a IRON RANGE 1st 5s, October,
1937,
yielding about 4.25%.
TEXAS a OKLAHOMA 1st 5s, September, 1943,
yielding about 4.65%.
BUFFALO a SUSQUEHANNA 1st 4s,
yielding about 4.25%.
TEXAS a PACIFIC,
April, 1951,
LOUISIANA DIVISION 1st 5s, January, 1931,
yielding about 4.40%.
PUBLIC SERVICE BONDS
DETROIT MONROE a TOLEDO 1st 5s, January, 1933,
yielding about 5%
CONSOLIDATED
TRACTION CO.
1st 5s, June, 1933,
(Newark, N. J.),
yielding about 4 60%.
PASSAIC a NEWARK TRACTION 1st 5s, June, 1937,
yielding about 4.50%.
CONSOLIDATED
LIGHTING
CO.
OF VERMONT
yielding about 5%.
NEWARK, N. J., CONSOLIDATED
1st 5s, January, 1946,
GAS CO. Cons. 5s, December, 1948,
yielding about 4.60%.
PLAINFIELD, N. J., GAS a ELECTRIC Gen. 5s, April,
yielding about 4.70%.
1940,
MUNICIPAL BONDS
CITYabout
3s,4%.3&s and 4s
NEW YORK yielding
I
j
LIST
WE ISSUE
OF
LETTERS
OTHER
OF
MUNICIPAL
BONDS ON
APPLICATION
Correspondence Invited
CREDIT FOR TRAVELERS, AVAILABLE IN ALL PARTS OF
TRANSACT A GENERAL FOREIGN AND DOMESTIC BANKING
DEPOSITS RECEIVED, SUBJECT TO CHECK
BUSINESS
A
THE WORLD.
State and City Section (senu-Annuai^
Section (Monthly)
■■
.
■
■ ■
■■
■
-
- ■■
-
—
■
■
.
,
Railway and Industrial Section (Quarterly)
—A
Street Railway
Section- ■(TbreeTUnwj
■ - ■■
■■■- -
■■
—
'■
Bank and Quotation
NO. 8179.
SATURDAY, MARCH 30 1907.
VOL. 84.
March 23.
Week ending
Clearings al—
Chronicle.
■,—
PUBLISHED WEEKLY.
Terms of
For One Year
For Six Mouths
13 00
7 50
£2 14 s.
£1 11 a.
European Subscription (including postage)
European Subscription six months (including postage)
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
Transient matter per
cu-indimr .Business
"Rnsiness
Standing
New Bedford.
*
Cards
earns <
a
Total New Eng.
Chicago
Cincinnati
Cleveland
Detroit.
Milwaukee
$4
20
22 00
(8 times)
Pine Street,
87 00
(52 times)
4.401.949
,.
3,019.800
2,405,074
2,472.787
1.781,825
1.194.550
('.rand Rapids
Dayton
Evansville
Kalamazoo
.
Springfield. Ill
NEW YORK.
..
Canton
RETURNS.
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of
the United Stales for the week ending to-day have been
$3,139,463,830, against $3,258,631,766 last week and
$2,654,650,918 the corresponding week last year.
CLEARING HOUSE
•
Clearings—Returns by Telegraph.
Week ending March 30.
New York
115,290,598
120.289.081
19.347,023
158,601.917
days
Other cities. 5 days
$2,229,356,632
$1,842,405,900
405,000.711
325,907,418
Total all cities. 5 days
All cities, 1 day.
$2,034,357,343
$2,108,313,384
Philadelphia
.
Baltimore....
Chicago
St. Louis
New Orleans.
Seven cities, 5
Decatur
.Jackson
Ann Arbor
.
Sari Francisco...
Los Angeles
15.2
486,337.534
+ 21.0
+ 24.3
+ 21.5
+ 3.9
+ 18.3
the week covered by
given next. Saturday. We
clearings being made up by
Saturday, and hence in the
has to be in all cases
the above will be
cannot furnish them
to-day,
the clearing houses at noon on
above the last day of the week
estimated, as we go to press
Friday night.
present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur¬
We
corresponding
day noon, March 23, and the results for the
week in 1906, 1905 and 1904 are also given.
Contrasted
the week of 1906 the total for the whole country shows
with
gain of 22.5%.
Outside of New York the
18.9%.
1906 is
a
increase over
j
5.611.258!
5.411.786!
i
4.594,339;
Omaha
St. Paul
.
Denver
St. Josenli
Des Moines
....
...
_
Sioux City
Davenport
Wichita
Topeka
Colorado Springs
Cedar Rapids
Pueblo
Fremont
Lincoln
...
Clearings at—
Inc. or ’
_1907.
Dec.
1900.
;
1905.
1.095.000
1.300.227
620.871
7 *0.uO0
7 ?5.050
325.550
Tot. oth.West.
St. Louis
New Orleans
1,232.507
94.368.073
65.310.094
19.122.517
J
Louisville
Houston
Galveston
.......
Richmond
...
...
Nashville
Savannah
Fort Worth
13.273.073
12.230.244
0.700.000
5.0O5.071
0.453.053
5.289.100
3.949.883
8.244.519
3.585.479
2.839.718
Norfolk
Birmingham
Knoxville
Augusta
...
2.171.818
1.709.980
1.530.855
1.732,535
1.358.205
1.550.000
1.345.410
1,078.728
Chattanooga
Little Rook
1904.
3.022.107
2.379.759
650.000
Charleston
March 23.
4,223.100,
2.854.488
4- 77.8
+ 21.7
849,004!
—
22,273,650!
17,387.741!
9,933.1341
7.371,714'
5.962,9331
2.764.4451
1.729.367
1.585.5UO
1,320,164
055.234
882,570
739.070
040.532
648.751
500,824
394.220
512,3001
835.0321
538.400
432,120!
340,779!
320,005
302.335.
+ 21.2
204,109.190
31.249.839
8.341.489
4.585,003
3,875,550
2.502.103
2.543.078
+ 4.5
+ 0.1
1.3
—
+ 51.3
+ 35.5
+ 45.4
+ 2 i .8
17.0
17.0
2,853.202
1.502,780
1.052.797
1.179.057
581.912
642.845
722,535
641,167i
519.342
+ 32.3
+ 23.1
+ 20.5
+ 3.8
+ 25.1
+ 2.8
—
8.941.901
7.983.341
0.102,497
...
Mobile
Week ending
090,306
335,521
410,19,S
340.734
3.127.467!
000.238 i
30.509.526
18.504.007
11.398,735
Kansas City
Minneapolis
Atlanta
449.272]
5.821,700
2,014,256
1,041,240
886.000
1,338.907
1.235.709
258.0211
294.189!
259.512
89.149*
2,927.844
070,590
524.955
239.365
496.409
308,445
336,850
180.857
257.707
195.223
197.181
58,593
228,184,830
22,091,220
5,903,611
3.651.109
2.748.132
2.286.591
1.917.840
1.805.123
486.355
372.735
200,SO4
Not
Total Pacific..
Memphis
810.475
491.5241
115.852,917
+ 28.0
—4.0
+ 24.0
+ 29.1
-f“ 40.0
+ 40.9
+ 25.1
+ 4.0
+ 21.9
+ 2.5
+10.8
25.2
+ 40.3
+ 39.3
591,132
+ 27.0
338.378
in total
included
3.054.229
425.000 Not included in total
77,517.002 + 11.7
80.611.059
_•
1,381.637
1,319,838
1904.
131,173,548
154,959.083
21.178.200
11,559.341
8.804.970
0,883.767
4 540.249
4,OSS.800
+ 20.1
+ 13.7
+ 53.0
+ 19.0
+ 23.7
+ 30.3
+ 5-8
3,722.270;
3.595.928;
-0,408
487,209
431.900
1.489.172
442.919,
11.297.489
9.705.788
4.981.724
4.141.I63i
9,578.074
7.402.910
Tacoma
Fargo
Sioux Falls
Oakland..
San Jose
283.534.110
3S.520.S80
2.924,770
1,912,204
103,094.2111
178.412,360!
511.420
343,041,012
40,200,713
6,312,300
+ 18.5
550,780
501.881
571,235
378.793
396,015
345.019
413.622
210.300
310.482
105.000
1
+ 14.2
595.822
11 .980.802
Seattle
Portland
Salt Lake City
i
The full details for
.
Tot. Mid.West.
—6.9
+ 20.2
+ 12.5
+ 8.4
$3,139,403,836 ! $2,054,650,918
week.
111
.Jacksonville,
.
Total all cities for
......
South Bend
Per
—
43.883.073
14.072,884
505,106.493
......
] Spokane
145.240.812
102,004.239
18.021,963
190.669,953
49.379.939
15,900.106
Boston
..
Mansfield
+ 24.7
+ 20.0
$1,370,320,190
$1,708,139,560
Quincy
Springfield, O
Cent.
1900.
1907.
...
..
145,554,100
+ 9.8
—30.5
+ 20.0!
+ 17.4
+ 47.9
+ 4.7
+ 4.4
740.151
640,270
003,000
603,842
403.290
321.198
31 1.17s
299.201
279.304
327.855
208.339
252,992
102.113
1905.
+38.8
1,272.131
848,074
748.000
...
I
$
+ 18.6
+ 17.4
1.914.754
933,214
675,706
734,899
018.825
000,357
412.143
__
Lexington
Fort Wavne
Youngstown
Rockford
Bloomington
Akron
Street,
95S.
Post Office Box
7,240,055
5,401,700
_.
Block; TeL Harrison 4012.
Gardens, E. C.
COMPANY; Pabllshers,
Corner of Pearl
162.877.903
196,340,990
23,019.1(0
13.549,501
11.455,122
8.500.000
5,560.971
5,107,900
3.440,373
3.106,695
1.930.492
10,580.033
Columbus
Toledo
Peoria
CHICAGO OFFICE—P. Bar*lett,513 Monadnock
LONDON" OFFICE—Edwards & Smith, 1 Drapers’
WILLIAM B. DANA
193.055.953
235.834,918
26,854,500
20,724.338
13.029,320
Indianapolis
29
50 00
00
Three
Months (2o
(13 times)
times)
six Moutha
Twelve Months
804,771
635,710
420.540
410.457
Holyoke
I State and City (semi-annually)
| Street Kailway (3 times yearly)
Months
1.190,486
005,014
439.004
408.884
..
Lowell
inch space (14 agate lines)
Two
1,787,160
Portland
Fall River
Advertising—Per Inch Space
r
1,544,907
1,909,245
Springfield
following Supplements—
<B' nk and Quotation (monthly)
Kailway and Industrial (quarterly)
Terms of
Providence
Hartford
New Haven
Worcester
i
%
144.160.249
0.751,700
2.800,030
2.053,657
1,726.045
1.591.300
1.522,892
170.981.320
7.927.300
3,887,841
2.254.120
....
...
Inc. or
Dec.
$
$
Boston
Subscription—Payable in Advance
$10 00
0 00
Subscription includes
1906.
1907.
Jacksonville
003.492
300.000
Macon
Columbus. Ga
22.835.413
10.779.102
9.798,900
6.921.935
5.726.900
+ 33.0
+ 10.3
+ 10.3
+ 29.2
+ 39.4
+ 32.3
+ 18.5
4.058.410
2,550.002
1.913.973 + 24.3
+ 17
1.076.509
954.473. +30.3
880.881 —29.5
+ 11.7
071.231
522.980 + 3.8.6
+24.8
520.088
219.033 + 44.0
in
total
Not Included
76.030,076 + 241
53,249,003 + 22.7
17.340.497 + 10.2
12.000.912 + 10.1
+ 32.9
9.200a Od
5.244.500 +27.8
—7.S
5,420.553
5.134.512 + 25.7
+ 29.5
4,083.902
4.501.627
3.009.408
2.097.850
1.930.058
1,649.834
1.534.481
1.302.873
1.370.351
1.345.209
1.222.914
1.225.805
1.153.338
507.029
285.969
—13.4
-10.1
+ 32.9
+ 40.0
+ 31.0
+ 15.3
+ 12.8
+ 25.0
57,520.530
22.329.775
15.829,220
8.181.605
6.205,242
5,256,997
4.452.923
2.357.413
1.492.716
825.594
1.100.417
1.050.401
709.302
433.320
359.707
197.450
7J.788.148
54.151.714
17.091.180
10.548.074
42.183.651
IS .877.884
13.387.023
7.014.309
5.77S,025
3.800.000
4.079.208
1.980.581
1.1 as.853
940.229
1.089.756
773.216
503.333
337.899
...
_
176.786
60.519,822
49.064.321
23.203,-28
8.010.394
7.669.6(2
4.911.500
5.882.528
4.120.500
5.119.079
4.338.021
3.552.702
2.747.216
2.524.404
2.560,932
1.808.285
1.300.847
1.218.738
2.415.649
2.452.496
1.533.780
1.677.423
4.250.285
4.281 486
2.649.837
1.216.183
1.358.591
1,562.954
1.120,395
1.057.026
4-1.0
1.113.529
+ 20.7
+ 9.8
872.185
1.028.294
9-45.5
+ 30.7
+ 4.9
4-27.8
+ 22.5
+ 08.4
1.115.038
510.958
23*1.311
701.053
994.824
704.933
1.090.000
178.59 L
400.000
$
$
450.000
575.000
s
Beaumont
$
Cp
510.000
025.000
2.095.084.242 1.681.933.090* +24.0. 1,814.981.962 1.141.098,277
Wilmington.N.C.
103.310.991
122.460.579
1.045.275
1.700.599
138.547.723 +12.4
155.794.795
Philadelphia
35.894.180 Waco
118.735.823
42.835.000
120.440,169
50.129,218. + 17-0!
137.176.011 + 19.0
58,000,790
164.070.985
Pittsburgh
20.302.740
Total Southern
20.725,882
24.874.039
+17.4!
29.209.705
2.700.905.038 1.903.717.600
+22.5
Baltimore
5.623.820
2.000.605.009
5.990,774
3.258.031.766
Total all.
6.265.347’ +41.2!
8.845.290
Buffalo
702.019.383
3.005.001
+ 18.9
891.923.070
4.543.700
4.777,553 +22.2
5.840.177
1.103,547.524 978.731.313
Washington
2.670,652 Outside N. Y
3.205.529
4.478.794
f-73.1
7.751.007
2.128.590
Albany
2,394.255
Canada —
3.004.029 +23.5
18.706.208
3.711.008
27.854.872
Rochester
20.270.917 + 30.9
1.730.537
34.397.591
1.554.594
Montreal
1.795.213
+2S.0
13.297.943
2.298,222
IS.972,530
4-26.8
Scranton
19.077.045
1,028.240 Toronto
24.197.901
1.015.865
4.430.754
1.417,750
+40.3
1 .989.837
4.817.833
1.029.392
0.981.535 + 42.3
Syracuse
904.131
9.934.397
1,859.484
1.143,340
4-28.31
Winnipeg
J
.400.195
2.157.078
Wilmington......
2.429.505 + 27.2
1.020.504
900,338
3.091.273
1.301.023
Ottawa
1.131.570 +32.9
1.492.910
1.503.505
802.771
2,107.003 + 79.0
Reading
837.705
3.771.375
1.211.000
Vancouver.
930.555
+33.4I
1.291.975
1,249.342
Wilkes-Barre
1.510,422 + 27.4
580.582 Quebec
009,344
1.931.159
1.343 651
919.902! +12.2!
1.594.703
1.031.948
+ 8.2
Wheeling
438.290
1.432,330
1.550.000
410.925
1.004.784
Halifax
542,701! +27.3!
1.314.080
090.621
Erie
408.220 Hamilton.......
1.207.106 + 50.0
1.889.929
304.341
526.89*1
522,775:
—19.7t
080.123
420.851
+ 21.7
911.430
Chester
371.312 Victoria
1.108.797
359.830
790.540
420.922;
+18.8
884.532
+
500.000
27.2
877.847
Greenaburg
409.200 St. John......
1.117.690
424,300
675 029
395.200! +43.1
824.782
505 000
812.099 4 53.0
Binghamton
229.385
1.242.589
181.502
London
292,800
—9.8)
204.223
Franklin
1.259.000 Not Included m total
Not
Included
tin
Calcary
totalj
1.007,204
Harrisburg
922.850 Not included In total;
Edmonton
45-219.902
01.885 490
4-32.4
03.029.971
84.232.704
+23.0. 2.024.886.77811,322.808.780
Total Canada
Total Middle.. 2.370,877,484 1,923.529.247
,
New
!
5 ork
_
_
_
_..
.
....
...
.
.
..
.
..
.
.
714
THE CHRONICLE.
markets
THE FINANCIAL SITUATION.
Wlien
like
Andrew
Carnegie joins in the
Street
and
against Wall
the railroads, one
almost despairs of ever being able to set public opinion
right in this regard. Mr. Carnegie is concerned about
the doings of what he calls Wall Street gamblers, and
in a characteristic speech delivered Thursday night
a
man
crusade
he said it
was
time for business
men
to
decline to
[VOL.
elsewhere; but there .should be a clear
understanding as to who is indulging in the repre¬
hensible practice.
Mr. Carnegie is also wrong in supposing that specu¬
lators or stock gamblers are responsible for the great
shrinkage in prices which has recently occurred on the
Stock Exchange. We know that Mr. Carnegie’s views
are shared in by large numbers of
intelligent people
not familiar with the nature of the dealings on the Ex¬
change, but these views are nevertheless wrong.
While there is nothing to prevent short selling on the
Exchange, those .selling short must of course fur¬
nish the stock for delivery.
They may succeed in bor¬
rowing it for a time, but eventually they must
buy an amount of stock equal to that which they have
sold in order to close up the transaction.
This second
operation is called “covering,” and the stock to cover
can only be obtained—where the deals are
large, as
they have been in recent periods—when there is ex¬
tensive liquidation.
The fact that operators for a
or
recognize them. We say so, too. Unfortunately,
Mr. Carnegie makes the common mistake of confusing
.Wall Street with the Stock Exchange.
ITe treats the
two as if they were synonymous.
The fact is, how¬
ever, the Stock Exchange exists not for the purpose
of fostering speculation or encouraging gambling, but
to provide a place for legitimate dealings in securities
—a market for the investor, either as
buyer or seller.
Requirements for admission to dealings on the Ex¬
change are, as is well known, of the most rigid char¬
As a place for dealings in stocks and bonds,
acter.
the Exchange has become the largest security market decline have been able
in the world.
That there is
LXXXIV.
to
cover
their short sales and
that
less
speculation carried on at
that great mart, that there may even be gambling,admits of no question.
Hut who are the people,
who mainly use this security market for purpose of
speculation or to promote speculative ends? It can¬
not be truthfully affirmed that it is Wall Street people.
The banking and brokerage houses located* on Wall
Street
or concentrated in the vicinity of the Stock
Exchange, are the most conservative to be found
anywhere. It would be an exceedingly rare thing
to find them engaged in speculation.
They are con¬
sent, too, with very moderate profits, confining them¬
selves, in the main, to doing a legitimate bankingbusiness or earning their commissions as buyers and
more or
,
prices have nevertheless continued to decline
proof that holders of stock have been selling
As a matter of fact, those acquainted with the
out.
course of things know that the
selling has been on a
huge scale. There has in truth been nothing but
selling, the buying orders, except to cover the short
sales, being very meagre. This is due to the circum¬
stance that confidence in the stability of railroad in¬
vestments has almost completely vanished.
Mr. Car¬
is clear
negie thinks this lack of .confidence is the work of
Wall Street interests, declares that President Roose¬
velt’s railroad
policy is just right, and dilates upon the
advantages of early poverty. What he savs on this
latter
point—what
clients
employ these Wall Street houses simply for the
purpose of executing their orders.
And who are these
clients who indulge in speculation or in stock gambling?
benefit it is to the youth to be in
condition that poverty
induces, the father being his guide, philosopher and
friend, the mother “ his nurse, his teacher, his cook,
his seamstress, his angel, his saint
-is altogether
correct.
But when he goes into an analysis of the
railroad situation and Stock Exchange affairs, we could
Not Eastern
wish that
sellers of the things dealt in on the Exchange.
there is speculation, it is carried on by their
When
who
men, as a
rule, but the business
men
from
the interior and from the remoter parts of the country
—the men from the West, the South, the South-West,
a
close touch with his parents, a
some
of that shrewdness characteristic of
his business career,
dominated his utterances.
There
quite enough causes to explain the decline
the North-West.
It is there where the speculative in security values
without referring it to stock gambling
spirit is rife. Here in the East sentiment is always or Wall Street scheming. For over a year the rail¬
more conservative.
roads have been unable to borrow money freely to
About the first thing that a Western business man supply their capital needs, and
latterly they have not
does when he has accumulated a little money or made not been able to borrow at all
except on onerous terms.
some profits from his business is to take “a
The
flyer’’ in
price of everything they need in their operations
the stock market.
At times of great activity on the —labor, fuel, materials, and
supplies—has gone up,
Stock Exchange the transactions consist very largely and
yet they are not allowed to recoup themselves
of orders given by Pittsburgh millionaires, some of
by raising rates. When a manufacturer finds the cost
them former associates of Mr. Carnegie, by Chicago of labor and the materials needed
by him rising he
“plungers,” and by other people of the same class; obtains compensation by advancing the price of his
and they usually deal on an enormous scale.
It is goods. Indeed, if he did not he would have to sell
these persons that are in the main responsible for at a loss,and that would mean
bankruptcy. But the
whatever of ill character is connected with the business railroads are notified in advance that
they are not to
of the Stock Exclxiiige.
Obviously, therefore, in that be allowed to adopt a course of that kind. What this
sense the Stock
Exchange does not represent Wall is leading to is shown in a conspicuous way in the
Street nor even New York City, but the concentrated February
statement of earnings of the Atchison Topeka
speculative spirit of the whole country. It fs time & Santa Fe Railway, made public the present- week.
that this fact were recognized and the Stock Exchange That return shows that while
gross earnings, as com¬
no longer treated as a
thing apart by itself and as if pared with the same month last year, increased
Wall Street were responsible for it.
We agree with $640,350 (nearly 10%), this was attended by an aug¬
Mr. Carnegie in condemning “gambling’’ and specula¬ mentation in
expenses of no less than $937,412 (over
tion wherever they are found, whether in the security 23%),
producing an actual loss in net for the month of
are
Mar. 30
1907.]
THE CHRONICLE.
715
experimenting. We may assume that he thought the
notice granting permission to depositaries indefinitely
to retain the $30,000,000 of deposits which were
marked to be returned to the Sub-Treasury, would in
a measure relieve affairs.
Of a like promise was his
offer on March 15 to buy $25,000,000 of the 4s of 1907,
paying interest to July W as the offer was more ad¬
vantageous to the bondholders than Mr. Shaw's pre¬
vious similar offer, Mr. Cortelyou was encouraged to
anticipate a better response. On the same day the
Secretary likewise gave notice that he would allow
the substitution for Government bonds held, against
special deposits, of any collateral authorized by New
York or Massachusetts as security for savings bank
deposits; at the same time he also directed that in¬
bodied in that measure has since found further ex¬ terest due April 1 on registered 2% consols of 1903
pression in the attempts of most of the State Legisla¬ and the 4% funded loan of 1907 should be anticipated
tures to emulate the example of the national legislative at once.
body. Two-cent fare bills galore are marking the
None of these devices, however, had any immediate
path of legislative achievement and every effort is
being made to add to their taxes and to impose new effect on the money or stock market, as the fearful
burdens and restrictions upon them.
In this State a panic of Monday at the New York Stock Exchange
new railroad board is to
be created and the papers bore witness.
But the stupendous declines in stock
are
discussing whether there is to be allowed a values on that day brought forth the announcement
broad court review of its orders and acts, or only a of measures from the Secretary that for the time being
The severity of the winter could not have
been much of an influence in swelling expenses in this
case, as the greater part of the Atchison mileage lies
far to the south.
Vice-President Jansen, we see, is
quoted in a Chicago despatch as saying that the ex¬
penses include charges for improvements and better¬
It appears, nevertheless, that of the $937,412
ments.
augmentation in expenses for the month, only $290,000
can be ascribed to that cause.
We may say, too, that
the Atchison's unfavorable return is only one among
many instances of the same kind.
Then it must not
be forgotten that last year Congress enacted the
Hepburn Rate Bill, placing the affairs of the railroads
almost completely in the hands of the Inter-State
Commerce Commission. The spirit of hostility em¬
$297,055.
limited
Mr.
court
review.
arrested the discredit and turned the tide of affairs
well-earned show of pride points towards a restoration of confidence. The vital feature
out that he sold the Carnegie Steel Company for of Mr. Cortelvou's new proposal showed that he had
$460,000,000. but if he had it to-day lie would sell studied the irritation, knew its source, and was deter¬
it for not less than $640,000,000.
This statement mined to apply the remedy at the point where it was
simply means that through improvement the great most needed. In this latter particular he was
steel property referred to has increased in value in a more happy in his method than Mr. Shaw, who
few years $180,000,000 and that if Mr. Carnegie still in such cases always acted in some measure on
owned it he would undertake to get the benefit of the the principle of a counter-irritant; that is to say,
increase. Here again we see the difference between when he wanted to relieve a morbid condition in
the treatment of the railroads and the treatment New York he would apply his remedies very likely
accorded to all other classes of property.
In a manner in San Francisco. For this reason his devices so
similar to that pursued with the. steel property our often failed in the intended effect.
New York
railroads have been developed and improved.
Are on this occasion was not only the centre of the
their owners now allowed to get the benefit of the panicky condition, but was the location of the chief
resulting increment in value? No. Instead, our money movement in and out of the Treasury which
Government authorities are devising schemes for de¬ was every day increasing the strain — that is,
termining on a comprehensive scale whether in some adding to the cash accumulation in the Sub-Treasury
remote period in the past there may not have been at the expense of the cash holdings of the Clearing
some water injected into their capitalization.
The House institutions. Moreover, with the first of April
simple truth is, the railroads are treated as an outcast the public knew that a special supply of funds was
among the industrial agencies of the day.
Other called for at this centre to meet the large interest pay¬
businesses are aided and encouraged.
Mr. Carnegie, ments due then and which were sure to work mischief
for instance, in his business has been greatly helped in the depleted state of our bank reserves if aid was
by a high protective tariff. But every hand is raised not extended.
Mr. Cortelyou consequently ordered on Tuesday
against the railroads. That explains the great decline
on the Stock Exchange and the
complete loss of con¬ the turning of the customs dues paid at New York
fidence in security values. There will be no enduring day by day into the Sub-Treasury back again into the
recovery—there can be none—until this fact is recog¬ New York City banks in the amount of $15,000,000.
nized and the railroads are again treated with the In addition to this actual contribution to the money
same degree of justice as other industries.
market at this critical moment, there was a further
assumed relief felt to be probable growing out of a
Our new Secretary of the Treasury failed to relieve rumor connected with the foregoing that the Secretary
the monetary situation as speedily as was anticipated proposed to deposit the bulk of the customs receipts
by an impatient and suffering public; consequently hereafter in the banks rather than in the Sub-Treasury;
there was an inclination among some to criticize the coupled with which was the statement that a proba¬
delay. It was only reasonable that Mr. Cortelyou bility existed of a speedy redemption of all the out¬
should move slowly. He had a new law to deal with, standing 4s of 1907. Altogether these acts and
many of the provisions of which were by no means clear, rumors, together with the purchase of $1,750,000
while his duties in the Treasury Department were of a gold in London on Monday, made a material change
class his previous official experience had not familiar¬ on Tuesday in the financial sentiment, the panicky
ized him with.
He was consequently in a measure tendency being arrested and a general advance in
Carnegie with
a
[VOL. LXXXIV.
THE CHRONICLE.
716
,
stock values taking
—
—
place.
This comparative buoy¬
did not, however, outlast the day.
By that time it became evident that even the $15,000,000 prov ided under the order was not an immediate
payment of that amount of money into the depository
banks but a gradual effect produced by the simple
turning of the stream of customs dues from a SubTreasury inflow back again into the banks, or into a
Sub-Treasury outflow of the same amount; further¬
more, there was nothing in the rumors attached to that
ancy
nearly a dozen States
have recently enacted laws intended to reduce railway
passenger fares to 2 cents per mile, the latter being
taken up as the present standard. The ‘‘present/7
standard, we should clearly note, because there is
nothing of sanctity or finality in a 2-cent rate, and if
it is lawfful and possible to put rates at that figure
As
our
readers
are
aware,
why 1 cent might not be de¬
clared the limit in some early following year.
Nor should wTe fail to note that the recent laws have
now
there is
no reason
underlying been passed without any inquiry whatever about
differences in situation or probable results.
It is
change of policy of the Treasury Department as to
customs duties for the whole country.
Finally, it quietly assumed that w'hat can be done, without
became evident on a second thought that the paying producing speedy bankruptcy, in Ohio or Pennsyl¬
vania can be done in Arkansas, Nebraska, Missouri
off of the whole of the 1907 loan at once might be a
and the Dakotas; indeed, a memorial from the Georgia
disturbing incident rather than a wholesome one, as
branch of the National Farmers’ Union (so-called)
28 1-3 millions of these bonds are held by the Govern¬
has been sent to the Georgia Railroad Commission,
ment for national bank circulation and 10% millions
held as security for Government deposits; hence the asking for lower fares and suggesting “that you take
into consideration the adoption of the 2-cent rate so
redemption of the currency and the exchange of the
underlying securities for other securities could not be* generally fixed by various States during the past few
months.77
done so quickly as to facilitate in a marked degree
It is not only assumed without inquiry that
the first of April payments.
what can be done in one State can and should be
But there is a further feature in the monetary situ¬
ation to-day which we almost weary of calling the copied in another, but there is no attempt to dis¬
criminate within the State itself.
All differences
attention of our readers to, and yet it is such an ob¬
between railroads in respect to first cost, expense
vious hindrance to a greatly enlarged bank reserve
that it must be done once more.
We refer to the of operating, amount and character of traffic, and
so
on,
are ignored;
a perverted application of
obvious fact that the Sub-Treasury is beyond a doubt
“the square deal’7 is proposed; no inquiry is made
the agency which is working the discomfiture of our
wfliether any roads at all, nr some particular roads,
money market
The vaults of that attachment to our
can make such reduction without being bankrupted.
Treasury arrangements hold to-day 20 million dollars
A lower fare is agreeable;
reductions have been
more cash than was so held on the first of January
enacted elsewhere; apply the same in our State,
1907.
In other words, during those three months,
and treat all alike.
The emotional treatment even
while our people have been so fearfully harassed on
account of the growing stringency in money, that goes so far that when railroads propose to reduce
expenses to correspond, as every business which finds
rapacious piece of machinery has been allowed’ to go
its receipts reduced is compelled to do, this is pro¬
on working so as to take away day by day—by a sort
nounced “retaliation ,77 instead of being self-defense. *
of slow torture—from our bank reserves 20 million
It is popularly assumed that rich men. and especially
dollars of cash.
Suppose the banks had continued to
men
in Wall Street, own the railroads.
This is a
have that money through these three months.
Be¬
delusion. Control is one thing; ownership is another.
sides, that is by no means the worst phase of the
The roads may be controlled by a few rich men; they
harm the trading public has recently suffered through
the action of this fearful contrivance.
Go back six are, in fact, owned by the common people. In proof
of this, about 15% of savings bank deposits in this
or seven months further and study its working since,
37%; in Connecticut and 35% in Massachusetts
On that day (June 1 State,
say, the first of June 1906.
are invested in them: and in 36 States, as far as figures
1906) the Sub-Treasury balance was only $316,673,545;
can be had, about 21U>% of deposits are so invested.
now, less than 10 monthsafter.it is, as we have seen,
In the life insurance companies doing
business in
$362,899,983. Those figures declare that in those
Massachusetts, about 31% of total assets are invested
months, which have been about as trying in the
in railroads.
In fire insurance, more than 25% of
money market as any that have come within the
the assets on wrhich the policies depend are in railroads.
country’s experience, there has been taken from the
The educational institutions of the country have about
country’s bank reserves —substantially from the New
one-third of their total endowunent in railroads.
York City banks—and locked up in Sub-Treasury
vaults over 46 millions of dollars. Or let us state the Looking at it in the other direction, the figures which
order to the effect that
it foreshadowed an
.
position exactly:
March 25 1907
Sub-Treasury cash holdings June 1 1906
Sub-Treasury cash holdings
Loss to bank reserves
from June 1 1906 to March
25 1907
.$362,899,985
316,673,545
$46,226,438
railroads of the country
least one-eighth, by the financial and
are
available indicate that the
are
owned, to at
educational institutions.
If, then, the coercive attempts now' made .upon rail-’
road rates and traffic should be pushed far enough—
foregoing means that had our Clearing House
and wre may w'ell ask ourselves what is to prevent this
not suffered this wholly unnecessary
drain on their reserves—other factors remaining un¬ except a material reaction from vehement rashness to
cool common-sense—there wrould be no escape from
The
institutions
changed—instead of the increasing stringency, which
has been the history of the above specified period,
there would have been a plethora of cash and banks
would have been pushing loans upon[their customers
There is always a tendency
to shortness of memory, and yet it ought not to be
hard to imagine the effect of such an era upon industries
and prosperity.
But, aside from all that, inasmuch as
an
era
of
receiverships.
Mar. 30
717
THE CHRONICLE.
1907.]
generally, in which the common unchanged, but the assisted immigrant will become
also liable to exclusion.
man of small savings is more sharply concerned than
This is certainly an unfortunate turn of affairs lor
the rich man who he imagines his enemy., stand upon
the integrity of railroad finances and the prosperity the South, for no other section of the country is in
The
of their operations, is it not quite time for that com¬ such pressing need of an influx of laborers.
younger generation of negroes does not, on the whole,
mon man to stop and begin to think?
take kindly to farm work, and is consequently less
Legislation, though at times needful for correcting efficient and reliable than desired. Efforts, therefore,
evils, proves often a clumsy way of working cures in have been making through agents abroad to induce
industrial affairs. This has frequently proved to be men capable of farm work to emigrate to the South,
especially true with reference to labor troubles, the and various steam ship lines have offered to assist
detrimental results arising therefrom being a frequent by despatching vessels direct to such ports as New
cause of complaint.
A recent statement of the kind Orleans, Savannah, <fcc. The new law will (according
referred to comes from Mr. Walter Langshaw, Presi¬ to Mr. Bonaparte, whose opinion coincides with South¬
dent of the Dartmouth Mills (Cotton) of New Bedford, ern representatives who have studied the Act) render
Mass.
Upon being questioned as to the correctness all these efforts nugatory unless some modification of
To secure the modifi¬
of a report that the corporation of which he is the head its provisions can be secured.
cation
of
this
unwise
legislation Southern interests
intended increasing its capacity, he remarked in effect
should
make
speedy endeavor.
that any material increase in the industry in New
Bedford would depend largely upon the attitude of
Railroad managers are doing much to enlighten the
the lawmakers of the State on labor legislation. Mr.
Langshaw maintains the right of corporations to pay a public mind, now-a-days, regarding railroad affairs,
and this should in the end help in bringing about a so¬
premium for really efficient work against the view
We have referred recently to
of labor organizations, which is that every man be lution of the problem.
the speeches at various points in the South which Presipaid the same wage regardless of what he produces.
Mr. Langshaw’s position is, of course, unassailable dent Finley of the Southern Railway is making, and
from any just point of view.
Commenting upon the we see that he is still keeping up the work with a view
overtime bill now under consideration by the Massa¬ to promoting good relations with employees and with
Other railroad men are pursuing the same
chusetts Legislature, he said he did not believe that the public.
We note, for instance, a speech made two
there are any cotton mill operatives that have occasion policy.
weeks
ago by Vice-President E. L. Russell of the Mobile
for complaint in regard to their treatment by employ¬
Ohio
Railroad. Colonel Russell well says that fair&
ers when the mills have had occasion to run overtime.
The picketing bill he also criticizes, characterizing it minded citizens realize that the manager of a railroad
must charge sufficient compensation for service ren¬
as “simply granting a license to a few to intimidate a
large body of operatives.” Furthermore, bills al¬ dered in the transportation of the different products
ready passed have, according to Air. Langshaw, and materials of the country, to pay the employees,
placed New Bedford at a disadvantage in the cotton- maintain the roadbed and bridges and also the motive
spinning business. Summing up the situation, he tersely power and equipment. But such a manager has about
remarks: “We are legislated to death, and the time is lost control over the rate of compensation to be paid
for labor and has no control over the prices to be paid
not far distant when the workingman will be convinced
of this fact.
It would be well for him to take a more ac¬ for the materials entering into the construction of
tive interest in matters that pertain to his calling, rather locomotive engines, freight equipment and passenger
equipment and the material employed in keeping the
than leave it to the walking delegate and the collector.”
roadbed and bridges in an efficient state of repair.
The new Immigration Law passed in February, and Colonel Russell has faith in the fairness of the Ameri¬
which becomes operative July 1, will interfere seriously can people, just as we have, and feels convinced that
with the plan adopted by Southern States to obtain if the railroad officials of the country will, in a con¬
ciliatory spirit, explain frankly the difficulties to be
new settlers; such is the opinion recently made public
by Attorney-General Bonaparte. The growing scar¬ overcome, the people will meet them half way. We like
city of efficient labor at the South, and the tendency particularly his statement that arbitrary methods on
of newly-arrived aliens to hug the larger cities or go the part of railroad officials, governments, and the pub¬
to the West and Northwest, induced leading interests lic generally,should be abolished,and there should be
financial institutions
to adopt a plan of established in lieu thereof a broad, reasonable and lib¬
assisting immigration to that section of the country by eral method of disposing of the difficult and serious
the use of funds contributed for the purpose.
Under questions connected with the transportation of the
the old Federal law of 1903, according to the Attorney- products of the country from one section to another.
in the South some few years ago
General, contributions might be
received from persons
There was no change in official rates of discount by
corporations and expended in in¬
ducing or assisting immigrants to come into the State any of the European banks this week; compared with
without subjecting such immigrants to the penalty of last wTeek unofficial, or open market, rates were un¬
of 1% lower at
being barred out or deported. Even under that law, altered at London and at Paris and
however, those who contributed to the fund would be Berlin and Frankfort.
The feature of the statement of the New York Asso¬
liable to prosecution for violation of the provision,
had any actions been brought , against helping people ciated Banks last week wras an increase of $1,676,350 in
into the country for the purpose of giving them surplus reserve to $4,709,450, which was the result of
But under the new law, which goes into effect a gain of $1.218,900 in cash and of a reduction of $457,work.
or
associations
or
July 1, the penalty to the contributor to jhe
fund is
450 in ^reserve
requirements.
Loans decreased^ $3,-
718
THE CHRONICLE.
[VOL.
587,000 and
LXXXIV
deposits 81,829,800. It may be noted Monday loans were at 14% and at 6%, with the bulk
-that the statement was somewhat deranged by the ex¬ of the business at 9%.
On Tuesday transactions were
clusion of the Astor National Bank from the return, at 10% and at 4% with the majority at 10%.
Wednes¬
this institution having been converted into a trust day loans were at 6% and at 3% with the bulk of the
company.
The bank in the previous week reported business at 5%. On Thursday transactions were at
$5,768,000 loans, $806,000 specie, $377,000 legal 5% and at 2}A% with the majority at 4J^%. On
tenders and $5,560,000 deposits.
Therefore the state¬ Friday loans were at 5% and at 2%% with the bulk of
ment of March 23 should, it would seem, have shown, the business at 4}^%.
Time contracts on good mixed
by comparison with that of the previous week, a gain Stock Exchange collateral were quoted at 6D>% for
of $2,181,000 in loans, of $2,326,000 in specie, of $75,- sixty days and 6% for ninety days to six months; the
900 in legal tenders and of $3,730,200 in deposits. offerings of money for the shorter period were quite
The bank statement of this week is expected to reflect meagre and at the same time, for the reason above
the receipt of $1,000,000 gold from Europe, the de¬ assigned, the demand-was small. Commercial paper
posit of $12,000,000 public funds derived from cus¬ quotations remain unchanged at 6@6C£% for sixty
toms collections, in the banks, and $2,500,000 antici¬
to ninety day endorsed bills receivable, 6@6D>% for
pated April interest on bonds. Payments for re¬ prime and 6% @7% for good four to six months single
deemed 4s of 1907 are reported from Washington to names. Railroad notes are quoted as steady for the most
have amounted, thus far, under the circular of March desirable, while others are offered at fractional conces¬
14, to $9,556,600; but as disbursements therefor are sions.
made by check from the Department, the amount
distributed at this centre cannot be accurately stated.
The Bank of England rate of discount remains un¬
It is thought, however, that such payments this week changed at 5%.
The cable reports discounts of sixty
have been about $5,500,000 at New York.
to ninety day bank bills in London 5@5^g%. The open
market rate at Paris is 3Po% and at Berlin and Frank¬
The market for money was sentimentally influenced fort it is 5;%(a)5JA%.
According to our special cable
from
London, the Bank of England lost £1,137,614
by the announcement by Secretary Cortelyou on
Tuesday of his intention to deposit about $15,000,000 bullion during the week and held £34,996,242 at the
Our correspondent further advises
customs collections in New York depositories; bv his close of the week.
order to anticipate April interest on the 3s of 1898 and us that the loss was due wholly to large shipments to
Purchases in the open
the 4s of 1907. amounting to $2,500,000, and by his the interior of Great Britain.
device to facilitate redemptions of 4s of 1907 by per¬ market reached an important aggregate. The de¬
mitting national banks which hold these bonds as tails of the movement into and out of the Bank were
pledge for public deposits to substitute for such bonds as follows: Imports, £676,000 (wholly bought in the
United States or other acceptable securities, thus open market, and including £201,000 French coin and
•enabling these banks to have such released 4s redeemed £9,000 Austrian coin); exports, £96,000 (of which
without being called upon to surrender their public £27 ,000 to South. America, £30,000 to Malta and £39,deposits. The actual effect of these measures for the 000 to sundry places), and shipments of £1,718,000
relief of the monetary situation did not begin to be net to the interior of Great Britain.
perceptible until later in the week, owing to unavoida¬
The foreign exchange market was active and higher
ble delays in carrying into execution such measures,
because of the requirement that substituted securities at the beginning of the week and on Saturday it was
for released -Is pledged for public deposits and similar influenced.by the panicky conditions at Berlin, which
pledges for customs collections, which wore to be seemed to foreshadow the development of extreme
placed in local depositories, should be submitted for discount tension at London and at Paris. The critical
acceptance to the Department at Washington. It was situation at Berlin was apparently due chiefly to the
not, therefore, until Thursday that new deposits in liquidation in New York of Canadian Pacific on the
local banks were placed therein to any-important previous day; this property being largely held by Ger¬
Selling of this and
amount; then, it may be noted, the customs dues, man speculators and investors.
instead of being deposited by the Collector of the Port, other stocks in London and in this city for German
account caused an urgent demand for exchange, chiefly
were withdrawn from the Sub-Treasury for deposit.
The money market was. though, directly influenced London cables, for remittance.
On Monday the de¬
almost immediately upon Mr. Cortelyou\sr announce¬ ranged markets abroad and apprehensions of serious
failures at the London and the Berlin settlements con¬
ment of his devices by quite liberal loaning by local
banks, which contributed, at least temporarily, to tributed to a further rise early in the day, but in the
more normal conditions for money on call.
Time loans afternoon London bought largely in our market, which
grew easier because of the expectation by borrowers 'arrested the advance in exchange through liberal
that the market for fixed-date funds would be abun¬ offerings, though by the close there was a partial re¬
dantly supplied, through the disbursement of April covery in rates. On Tuesday, before the announce¬
interest and dividends next week, and also by the new ment of the intervention of Secretary Cortelyou for the
deposits in the banks and the proceeds of redeemed 4%' relief of our money market news of a more confident
bonds. Therefore borrowers generally resorted to the feeling in London regarding the results of the settle¬
call-loan branch of the market and refrained from bid¬ ment and' some evidence of support to the Berlin
Bourse contributed to liberal offerings of bills, and un¬
ding for time loans.
Money on call, representing bankers’ balances, der this influence there was a feverish fall during
loaned at the Stock Exchange during the week at which sight sterling sold at 4 8275, the lowest since
14% and at 2U>%, averaging about 6%.
Banks Dec. 28 1906, when 4 8260 was recorded. Then fol¬
and trust companies quoted 3% as the minimum. On lowed a sharp rally on the announcement of Treasury
,
[I
Mar. 3
719
THE CHRONICLE
1907.J
-
1
buying for remittance became large and the
market was active and strong, so continuing until the
last hour, when realizations caused recessions in rates.
relief,
Wednesday cable advices of a successful settle¬
ment. in London, with few and unimportant failures,
and of the absence of trouble at Berlin, led to free sell¬
Week ending March
Banks’ interior movem't as above.
Sub-Treasury operations
Total gold
The following
There
London
was
on
by Saturday's steamer.
March 29 1000.
Silver.
Total.
£
£
£’
104,168,157
France
(Jermany _i ,34,439,000
Russia
118,513.000
Aus.-Hun. 45.376.000
(hold.
Silver.
Total.
£
£
£
34.996.242 3S.450.218
39,182,743 143,350,900 116,905,700
...' 38.450.218
42.034.S73 15S.940.573
11.479,000 45.918.000 38.792.000 12,930.000
5.537.000124.050,000 92,635,000 4.702,000
12,425,000 57.801.000 46,089,000 12,859,000
51,722.000
97.397,000
58,948.000
25,048.000 40.483.000 15.078.000 23.849,000 3S.927.000
4,985,600 37,446.600 28,297,000 3,855,600 32,152.600
5.764.600 10,910.000 6.054.100 6,045,600 12.099,700
3.327,333
1,663.607 4.991.000 3,422.000 1.711,000 5,133.000
4,161,000
4.161,000 3,786,000
3.786 0(H)
Spain..... 15,435,000
Italy
Neth’lands
32,461,000
5,145,400
Total week398,022,132
Prev .week 400,679.206
Leb. 1, when $500,000
paid for the gold is said to
have been 77 shillings 10% pence per ounce, though
77 shillings 10% pence was quoted in the market;
it is expected that, further engagements will be made
by our bankers next week if exchange conditions shall
be favorable.
quotations for sterling exchange are 4 SO
for sixty day and 4 84% for sight.
On Saturday of
last week there was an advance in long, compared with
the previous day. of 25 points to 4 7025(a 4 7035, of
15 points in short to 4 8365(a4 8375 and of 15 points
in cables to 4 8435(a4 8450.
On Monday long fell
30 points to 4 70(ft4 7005, short 40 points to 4 83200
4 8335 and cables 30 points to 4 840504 8410.
On
Tuesday long declined 30 points to 4 7870(5,4 7875,
short 10 points—after selling off 45 points at 4 8275—
to 4 8320(54 8325, while cables rose 25 points to
4 8420(5.4 8435.
On Wednesday long declined 5
points to 4 7S65@4 7870, short was unchanged and
cables were 25 points lower at 4 8405(5 4 8410. On
Thursday long rose 25 points to 4 7890(54 79 and
short 5 points to 4 8320(5 4 8330, while cables fell 5
points to 4 S 1(5.4 8410. The market was easy on
Friday at a decline of 25 points for long, 15 for short
Nominal
100.085.010 504.107.742 389,509,018
105.627,512 506,306,718 387.786.989
THE COXFUSION IN
The price
obtained.
'
1907.
Gold.
England..{ 34,996.242
consignment of the metal since
was
$26,606,000 Cain $4,135,000
i
table indicates the amount of bullion
March 28
1
NatBelg..
engagement of §1,625,000 gold in
Monday for shipment hither, the first
4.500.000
principal European banks:
in the
Sweden..
an
‘>0.700.000'Cain
—
$30,741,000
,
ing, and there was a
mand for remittance
-'
and legal tenders
$365,000
$5.906.000: Loss
$5,541,000
25,200.000
.
Net Change in
Rank Holdings.
Out o)
Ranks.
j
Ranks.
29 1907.
On
notable pressure of security bills
against London purchases of stocks, which caused the
market to close generally lower with cables weakest.On Thursday the tone was heavy at the opening but
selling of stocks for London account and easier money
brought about a recovery and there was a good de¬
I
Into
108.047,073 497.556.091
107.2.81.321 495.068,310
TIIE MARKETS.
Writing last week on the advance in its rate
pointed out the unusual
Bank of France, we
many
That
by the
and in
disquieting nature of this action.
particular episode in the general situation must ,
respects the
kept in mind in order to understand the
extraordinary series of events which have followed it
on
the European stock exchanges.
The aspect of
foreign markets on the news of the French Bank’s
announcement, which they at first appeared to re¬
ceive with indifference, was undoubtedly misleading.
As the week drew to a close, it became plain that the
unsettling influence of so notable a move was gaining
control over most of Europe’s markets.
The situ¬
ation in this respect was considerably complicated by
in fact, be
lic fact that the
f
fortnightly settlement on the London
week, and
that the requirements of that settlement would test
both the extent to which financial London had been
hurt by the violent New York decline of the past two
weeks and the manner in which it had been hurt by
Stock
Exchange was to begin this present
the French
This,
as
Bank’s action.
it may now
be
seen, was
the reason for the
into which London appeared to
Very rarely of recent years have
and 10 for cables.
The following shows daily posted rates for sterling rumors of so disturbing a character been sent from the
exchange by some of the leading drawers.
European centre to New1 York. Predictions of serious
Thurs.)
failures at London’s Stock Exchange settlement this
29
week were made with the utmost freedom and in usually
!
I so
days 4 SO
!2
>2
well-informed quarters. Naturally; under such cir¬
4 84!
Co
>00days 4 so
84*2
j
>2
84!i
cumstances, Wall Street awaited the early foreign
1
days 4 80
84'2
8412
America
'
news of Monday with much apprehension, expecting a
days 4 so
841184'Y
break in prices such as should test the staying powers
days 4 80
Bank
i
'2
84c;
.'
of the New York market.
Instead, the early cables
days 4 SO
Ickel>2
84Ci
.’
days 4 so
reported London as having passed out of its nightmare
>2
84!
4 84!Y
1
' Sight
days 4 80
with prices recovering and with its bids, even for our
Bank
84!
!Y
j
84'-I
j 84!Y
Canada
' .Sight-- 4 84X*
own securities, substantially advanced, tlie somewhat
)
for
4
787-tv
at
4
Frith
)(a
7!
The market closed on
remarkable fact being that, despite all of Saturday’s
and 4 S3<K)<??4 S4 for
short
long, 4 Sol0(f/4 SMI5 for
and predictions, the present week has passed without any
Commercial on bank: 4 7830 (ft 4 7840
cables.
serious disturbance either on the London market or
Cotton for
70
t
!
Fri.,
11 Yd..
Tlies..
Mch. 26' Mch. 27 Mch. 28 Mch.
Mon..
Mch. 22 Mch. 2.
Fri..
'
Bros. 6c
Baring
-
-
Sight.. 4
M 1
SO
84 >
60
so
Sight.. 4
s41
84'7
60
80
Sight
a
.
& Co........
Bank British
Sight.. 4
North
Bank of
Montreal.
Canadian
Sight
60
Sight
60
S
4
.
Heklelbach,
heinter
Co
hazard
—
Freres
1
.
‘
8-1 '
8()
.
60
Merchants’
I hi
SO
60
of Commerce
1
SO
84 'Y
SO
841
80
80,
80
841
80
84
80
80
84 1 -i
80
84
80
60
Brown
spasm of pessimism
fall last Saturday.
>
2
80
84 1
or
2
2
’
80
so
80
s41 ■;
so
80 2
so
84
SO
84
SO
s.Ok
SO
80
80
80
•
'
80
SOY
8
1k
84 *Y
s i >;
80
SO
84'.;
SO
,80
84
SO
SO
84
84
80
SOY
80
80
so
so
! >2
84
84
i
;
1
84 >Y
80
84
SO
3
t
s
77^i<S 4 Hpayment 4 77%(5 4 78, cotton for acceptance
4 7840 and grain for payment 4 79(5 4 79% .
documents
for payment 4
which quarters unpleasant
news had been confidently predicted.
Me arc within
the facts in saying that if European markets <uch as
The following gives the week’s movement of money have been witnessed this present week had not been
to and from the itnerior by the New York banks.
preceded by such rumors and assertions as those of
Received by
Shipped by
Xct Interior
Saturday, the general comment would have been that
Movement.
UV. V. Ranks. N. V. Ranks.
Week nuln
March 29 1907.
the situation presented no cause whatever for mis¬
$872,000
$4,806,000
at
4 7830(5)
Berlin, from both of
o
'
Cold
Total
gold and legal tenders
With
the
ports, the
«3.934.000
Loss
1.607.000
1.100.000 Cain
507,000
S5.541,000
$5,906,000 Loss
$365,000
giving.
...
1
Sub-Treasury operations
result is
as
follows.
What, then, is to be said of the extraordinary out¬
burst of alarm on last Saturday’s foreign markets?
and gold im¬
|
Partlv it may be
.explained by somewhat belated
over the
it may be
pessimism
measure
rise in the Paris Bank rate. In a
ascribed to the doubts and uncer¬
tainties with which London had
contemplated the
Beyond these two
liquidation in New York.
reasonable explanations we should say, however, that
what frightened the foreign markets was their discov¬
ery that real and heavy liquidation was in progress
on their own stock exchanges, the source of that liqui¬
dation not being plain enough to answer disquieting
rumors which might be set afloat in connection with it.
We should suppose that such stock liquidation—which
in the preceding fortnight had included not only
American securities, but English railway stocks and
British consols—was, like our own recent liquidation,
in the nature of the easing of an oppressive burden.
recent
That the strain
on
the world's available
reserves
of
capital had reached the point of actual distress had
quietly admitted during many weeks by observant
home and foreign bankers.
Last autumn’s 6% rate
at the Bank of England, thq 7% German Bank rate,
and Berlin’s maintenance this month of 6%, the high¬
est figure ever known at this time of year in the history
of the institution, were as distinct indices to the real
nature of the situation as were the numerous phenom¬
ena in our own money market.
That heavy liquida¬
tion of the burden of liabilities resting upon the banks
was an absolute necessity no one disputed; the only
'question of debate was where such liquidation, forced
or otherwise, should converge.
There was a disposition at the opening of the year,
not only in Europe but in our own financial circles,
to assert that widespread reaction in the industrial
activity, both of this country and of Europe, would
be requisite to the needed release of capital. Whether
that position
was
theoretically correct or not,
the trade reaction has not yet occurred, here or
abroad. Something of the sort may be witnessed later,
or may not.
However this may be, the fact remained
this year, as always, that liquidation on the stock ex¬
changes was the line of least resistance and would pro¬
vide not only great relief to the strain on capital but
the only relief that could be applied immediately.
That such relief has been obtained not only in this
market, but at London and Berlin, is surely in itself
no cause for misgiving—especially when the always
unpleasant process has been completed with a mini¬
been
mum
[Vol. LXXXIV.
THE CHRONICLE.
720
of disturbance
or
unsettlement and with prac¬
THE REPORT OF THE LAKE SHORE &
MICHIGAN
SOUTHERN RAILWAY.
regarding which the annual re¬
port of the Lake Shore Co. for the calendar year 1906
will be especially scrutinized is as to the amount of
the year’s revenues which have been applied for new
construction and new equipment
In the preliminary
Doubtless the thing
.
income statement for the twelve
months, given out
just before the close of the year, there was nothing to
indicate what had been the aggregate of the outlays
of this character paid for from earnings and charged
to expenses.
Only the total of the expenses was
given, and there was no way of determining the precise
named. The Lake
always been distinguished for the magni¬
tude of its appropriations of this character, and in
more recent years the application of income in that
manner has been particularly striking.
This makes"
it interesting to know what the outlays have been in
Of course everyone was aware that the amount
1906.
had been large.
The point as to which there was par¬
ticular curiosity was how this amount compared with
previous years—whether it was larger or smaller.
The subject has been invested with additional impor¬
tance by reason of the fact that the company in Decem¬
ber increased its dividend, making the semi-annual
declaration 6% as against the previous 4%.
It appears from the report that the sum added to
the expenses for new ,construction and equipment
was not of the exceptional extent of the previous year
and yet was of very large proportions.
For new con¬
struction the outlay was $4,221,816 and for new equip¬
ment $1,201,877, making $5,424,723 together!
In
1905 the appropriation of earnings for new construc¬
tion was $3,743,020 and for new equipment $3,360,773, being together $7,103,793. In 1904 the expense
accounts included $2,781,201 for new construction
and $2,776,034 for new equipment, making together
$5,557,235. The call for dividends at 10% (4% for
the first six months and 0% for the second six months)
was $4,946,650, and hence it is manifest that of the
year’s earnings, more in amount by nearly half a
million dollars was applied for new construction and
new equipment than was applied in dividend pay¬
ments.
However, this last is no new feature, having
been observed in other years, too—in most of which,
indeed, the contrast between the amounts applied for
construction and equipment and the amount dis¬
sum
included
for
the
purpose
Shore has
financial disaster. Whether this liquidating
process on the stock exchanges is to be followed by
reaction in the domain of general trade is a question tributed in dividends to the shareholders was still
more or less in debate.
We do not share the notion, more marked.
The strength of the Lake Shore’s income position
sometimes stated, that trade reverses are the necessary
has long been a matter of comment, and the 1906
consequence of a break in Wall Street prices, and are
further testimony to the fact.
For,
caused by the break on the Stock Exchange. On results afford
the basis thus presupposed, we can see no neces¬ even after the contribution of $5,423,723 for additions
sary connection between the two phenomena.
The and betterments, a surplus remains in amount of
most that can at ordinary times be said of a sensa¬ $1,539,962 over and above the call for the 10% divi¬
tional collapse on the Stock Exchange is that influences dends charged against the year’s accounts. Gross
which will later be felt in all branches of finance and earnings increased $3,943,568 on top of the increase
industry are always felt first on the Stock Exchange, of $3,439,756 in the year preceding and large and con¬
and that the Wall Street movement may, therefore, be tinuous increases for the years preceding back to 1S96.
The total of the gross for 1906 is up to $42,544,378.
an accurate harbinger of the movement in general trade.
Yet even to this there are notable exceptions.
It What a noteworthy record of improvement and ex¬
is only when capital is involved to such extent in pansion this represents will be evident when we say
speculative markets that it cannot be withdrawn with¬ that in 189S the total of the gross was only $20,753,683.
out widespread financial disaster that the fall on the Thus in the eight years the gross has considerably
more than doubled, rising 21% million dollars.
Stock Exchange is genuine portent of catastrophe.
But
tically
no
'Tfc
Mar. 30
1907.1
with this increase of 21 %
721
THE CHRONICLE
million dollars in the gross
of
cents, of which $35,000,000 are
All these latter $35,000,000 wTere issued in the
$50,000,000 4
per
the gain in the net revenues has been hardly out.
late year, and the only decrease in the funded debt
more than 1}/% million dollars,the totalofnet (afteRaxes)
was $920,000, due to the retirement of $920,000 De¬
now at $8,429,937 comparing with $6,825,664 in 1898.
All. the rest of the gain in gross has been consumed by troit Monroe & Toledo bonds which matured in August
revenues,
augmented expenses, and this augmentation in the 1906.
We get an idea how most of the money obtained
expenses is evidence of the way operating cost has been
added to through advances in wages and the higher from this new issue of bonds was applied when refer¬
prices of materials and supplies and the various other ence is made to the company’s holdings of stocks and
things entering into the operating accounts of the rail¬ bonds in other companies. It will be recalled that the
roads—making due allowance for the enlarged amounts Cleveland Cincinnati Chicago & St. Louis Ry. consid¬
erably increased its stock during the year. The Lake
spent for new construction and new equipment.
11 also
Another point stands out prominently on an ex¬ Shore took $1,395,400 of the additional shares.
amination of the report, and that is that there has been took $7,000,000 mortgage bonds of the Chicago In¬
diana 6c Southern RR., one of its subsidiary proper¬
no let-up in the development of operating efficiency
As against the $5,000,000 stock of the Indiana
and economy so far as this is under the control of the ties.
management—which the course of prices of materials Illinois 6c Iowa RR. that appeared in the accounts in
and.supplies obviously is not. The Lake Shore has the previous year, there now stand $5,000,000 of the
always been distinguished for its large train load, preferred and $12,000,000 of the common stock of the
that having been one of its characteristics before the Chicago Indiana 6c Southern RR. The company also
subject of operating economy had engaged the atten¬ purchased $1,154,000 of the stock of the Hocking
tion of railroad men generally, and in the late year Valley Ry. and $1,692,200 more of the stock of the
All these
the average train load was raised to a still higher Merchants’ Despatch Transportation Co.
level. The further increase in the average was, roughly, are in the nature of investments, and that they are*
5 tons, bringing the train load up to 624J4 tons. This,it profitable is evident from the steady increase in the
will be admitted by those familiar with railroad affairs, company’s income from interest and dividends on
is quite a remarkable figure.
Of course, the Lake stocks and bonds owned, the further increase in such
Shore is favorably situated for attaining a record in that income in the late year having been $490,048.
We see, too, that in-1906 the company spent $7,500,respect because of the fact that so considerable a portion
of its track is main line (branch road mileage as a rule 000 for additional new equipment aside.from the $1,not admitting of very high train loads) and that the 201,877 paid out for equipment purchased and charged
volume of its through tonnage is large.
Furthermore, to operating expenses. The discount and commis¬
sion on the $35,000,000 bond sale of 1906 was $875,000
over the Ashtabula branch, which forms part of the
line to Pittsburgh, the mineral tonnage—coal, ore, —234%—and this amount has been wiped off the books
&c.—must be of perfectly enormous extent.
We may by deducting the same from the year’s surplus revenues.
compare the Lake Shore’s train load of 6241^ tons with
the train records of the Pennsylvania Railroad system THE GREATER PITTSBURGH DECISION AND
LEGISLATIVE POWERS.
east of Pittsburgh and Erie, which possesses many of
In the litigation regarding the constitutionality of
the same characteristics as regards traffic conditions
as the Lake Shore.
On all the lines of the Pennsyl¬ the Act of the Pennsylvania Legislature providing for
vania Railroad directly operated east of Pittsburgh and the creation of the Greater Pittsburgh through the
Erie the average train load in the late year was 529 union of the City of Pittsburgh with the City of Alle¬
tons.
Even on the Pennsylvania Railroad division gheny, some interesting questions were raised which
have been judicially determined by the decision the
by itself the average was no more than 552 tons. These
present month of the* Pennsylvania Supreme Court
are both good records, but are excelled, it will be seen,
by the Lake Shore. The Pennsylvania, as it happens, upholding the validity of the consolidation. Three
main objections had been urged against the legislation
gets somewhat better average rates, it having realized
The first was that
in 1906 5.95 mills per ton mile on all the lines directly creating the Greater Pittsburgh.
the Governor’s proclamation convening the Legis¬
operated and 5.54 mills on the Pennsylvania Railroad
division, while the average of the Lake Shore for the lature in special session had been subsequently modi¬
fied or altered.
The question raised was whether it
same period of twelve months works out only 5.21
was within the power of the Governor to make such
mills per ton mile.
The second objection
In the company’s finances there has been one im¬ alteration or modification.
portant change in recent years. For a long period no urged against the Act of Consolidation was that it was
additions to debt were made, practically all the com¬ in the nature of special legislation and therefore for¬
bidden under the Constitution.
A third point made
pany’s needs being provided for out of income, iflore
was that the method of consolidation was contrary
recently, however, these needs have been of such pro¬
“due process of law” guaranteed by the Federal
portions that excess revenues and betterment appro¬ to that
priations no longer suffice for the purpose, and re¬ Constitution, inasmuch as a majority of the votes cast
course has had to be had to the money market.
Fur¬ in the two cities combined was allowed to determine
thermore, the company has undertaken tire financing ihe question of annexation and not a majority of the
of some of its allied properties, hr some cases unre¬ voters in each city—the vote in Allegheny having been
adverse to the proposition.
servedly, in others because it was a large shareholder
All three objections have been overruled by the Su¬
in the same and was obliged to furnish its portion of the
new capital required by such roads.
In 1903 it cre¬ preme Court, which affirms the decision of the Superior
ated an issue of $50,000,000 4% bonds, all of which Court declaring the consolidation legal; and though
an appeal has now been taken to the Supreme Court
are outstanding, and in 1906 it created another issue
,
[VOL.
THE CHRONICLE.
722
LXXXIV.
little likelihood of call for the purpose of fixing The time of the meeting
of the General Assembly, and then proceeds to desig¬
a reversal, as in such matters the Federal courts al¬
ways follow the State courts.
The reasoning by which nate the additional subjects of legislation. Judge
the Pennsylvania Supreme Court reaches its conclu¬ Brown declares that with every presumption in favor
sions on the questions involved is indicated in the opin¬ of compliance by the Executive with the Constitu¬
ion of Judge Brown and is very interesting and would tional requirements, it would be judicial hypercriticism
seem to be of wide bearing and application.
It appears to declare the second notice or proclamation insuffi¬
that on Nov. 11 1905 the Governor of Pennsyl¬ cient to authorize, the Legislature to pass the Act
vania called the General Assembly into extraordinary under consideration.
of the United States, there appears
session to meet Jan. 15 1906 for the consideration of
subjects mentioned in his procla¬
mation.
The first of these subjects was “to enable
contiguous cities in the same counties to be united
n
one municipality,
in order that the people may
avoid the unnecessary burdens of maintaining separate
city governments." On Jan. 9 1906 he issued a
second proclamation in which, after calling attention
to the then approaching extraordinary session, he
designated additional subjects for the consideration
of the General Assembly, one of them being “to en¬
able cities that are now or may hereafter be contiguous
or in close proximity, including any intervening land,
to be united in one municipality, Ac.”
The title of
the Act providing for the consolidation passed at this
special session employs the language contained in the
so-called second proclamation, and the first section
legislation
upon seven
of the Act reads
as
follows:
“That wherever in this
As to the contention that the
stitutional mandate
passing
any
local
or
Act violates the Con¬
prohibiting the Legislature from
special law regulating the affairs
of cities, the Court found this objection also untenable.
The law in question provides for the consolidation of
particular class*, but of any two cities be¬
longing to the same or different classes wherever situ¬
ated and whether in the same or in different counties.
Judge Brown says whether two cities ought to be con¬
solidated is purely a legislative question,and a General
Act providing for their consolidation is not forbidden
legislation. The power of the Legislature to provide
for the annexation of cities is not limited by the Con¬
stitution. What it may not do is to regulate by a local
or
special law the affairs of cities. In providing for
the annexation of any two cities there is no regulation
of the affairs of any two particular cities.
The Legis¬
lature might, without transgressing the- Constitution^
have provided for the consolidation of cities without
regard to the distance between them, absorbing in
their, consolidation all the intervening space, whether
occupied by boroughs or townships. Such legislation
two cities of
no
Commonwealth, now or hereafter, two cities shall be
contiguous or in close proximity to each other, the
two, with any intervening land other than boroughs,
mav be united and become one bv annexing and con:solidating the lesser city and the intervening land however, is not conceivable, for the common sense of
-other than boroughs, if any, with the greater city, the people would not tolerate it..
In providing for annexation in the Act of 1906, the
and thus making one consolidated city, if at an elec¬
tion to be held as hereafter provided, there shall be Legislature restrained its power to authorize consoli¬
dation in declaring that certain natural, reasonable
insj'^dy of all the votes cast in favor of such union.”
arid necessary conditions must exist if two cities are
At the election held for the purpose a majority of
to be united.
No arbitrary, unnecessary condition's are
20,154 was cast in favor of consolidation out of a
total vote in the two
cities of 55,574.
According to the Pennsylvania Constitution, when
the General Assembly of Pennsylvania is called in
special session there may be no legislation upon sub¬
jects other than those designated in the proclamation.
But the Court was not particularly impressed with the
idea that the Governor could not alter his proclama¬
Judge Brown, who
wrote the opinion, in discussing this point, says that
whether the General Assembly ought to be called
together in extraordinary session is always a matter
for the Executive alone.
How it shall be called, and
what notice of the call is to be given are also for him
alone.
The Pennsylvania Constitution is silent as
to these matters, and the Court thinks wisely so, for
emergencies may arise, such as riots, insurrections,
wide-spread epidemics, or general calamities of any
kind, requiring the instant convening of the Legis¬
lature, and, in the power given to the Governor to
call it. no time for the notice is too short if it can reach
the members of the General Assembly.
If after one
proclamation has been issued it occurs to the Execu¬
tive that other subjects than those designated in it
should be passed upon by the Legislature, he can issue
another proclamation, fixing the same time for the
meeting ot the General Assembly as was fixed in the
first and designate other subjects for its consideration.
The proclamation of Jan. 9 was in effect a second
proclamation. In it the Governor adopts his original
tion
or
change its phraseology.
prescribed; only reasonable ones are required. The
Legislature might have limited the right to consolidate
to contiguous cities, but it extended
this right to
those in close proximity, and, in making contiguity or
close proximity a condition of the right to consolidate,
the affairs of no special city are regulated. No two
contiguous cities are excluded from its provisions,
and any two in close proximity may be united, pro¬
vided that by their union they do not absorb and
swallow up an intervening borough. •
The Court differentiates the present law from the
previous law attempting consolidation of the two cities,
In this earlier
and which the Court then condemned.
law (Act of April 20 1905) the language of the statute
served to'identify Pittsburgh and Allegheny so com¬
pletely—it being required that the two cities must be
situated in the same county, and there being even a
provision that cities separated by a stream or river
should be included under the term contiguous—that
its character as special local legislation was palpably
manifest.
So much was this true that it might well
have been labeled, the Court declared in that case,
an Act for the consolidation of the cities of Pittsburgh
and Allegheny.
But in the law under consideration
the circumstances are entirely different. ' Its operation
is not confined to cities within certain territorial limits.
It is general in its terms and refers to no classes of cities,
but to cities generally.
It does not provide that it
shall operate only “upon two cities situated in the same
Ma*£. 30
did the earlier law. It does not exclude
“from its provisions and deny its privileges to all cities
separated by a county line, or which are not wholly
within the same county,” but extends them to any two
cities within the Commonwealth having natural,
reasonable and necessary conditions of consolidation.
That the law applies now, and for the present can
apply, only to the cities of Pittsburgh and Allegheny,
and that it was passed for them, the Court declares
can make no difference if the legislation is general in
form and substance and is not within the prohibition
of the Constitution.
Individual needs and require¬
ments are responsible for much legislation which must
be general, and when it is so, the causes that lead to it,
or the particular purposes it is to serve at the time of
its enactment have nothing to do with its constitu¬
county,”
as
Corporation came into possession over night, as it
were, of the numerous properties of different kinds,
in all stages of efficiency and decomposition, as he
calls it.
been in existence
those of the lesser city
without the vote or con¬
majority of the qualified voters or electors
of the lesser city—the Court holds this contention also
as being without force.
The people of municipalities
do not define for themselves their own rights, privileges
sent of a
law which draws
by the State
left to the local government.
The creation of municipal corporations and the con¬
and those which must be
them of certain powers, and subjecting
corresponding duties, does not deprive the
Legislature of the State of that general control over
their citizens which they before possessed.
It still
has authority to amend their charters, enlarge or dimin¬
ish their powers, extend or limit their boundaries, con¬
solidate two or more into one and overrule their legis¬
lative action whenever it is deemed unwise, impolitic
or unjust, and even abolish them altogether in the
legislative discretion and substitute those which are
In the case of the City of Allegheny,
different.
neither the municipality as such nor any of the persons
residing therein, had any vested rights in the municipal
ferring
upon
them to
against the State which created the munici¬
pality. The latter is merely an agency instituted by
the sovereign for the purpose of carrying out in detail
the objects of Government—essentially a revocable
agency—subject to legislative control which may de¬
stroy its very existence.
powers as
THE PUBLIC SERVICE
CORPORATION OF NEW
JERSEY ANI) ITS
PROBLEMS.
speech which President Thos. N. McCarter of
Corporation of New Jersey deliv¬
ered before the Board of Trade of Plainfield, N. J.,
last month has been reprinted in pamphlet form and
throws a good deal of light on the problems confront¬
ing that combination of street railway, gas and elec¬
tric properties—one of the largest of its kind in the
country. The company operates all the important
gas, electric and street railway properties in New
Jersey as far south as Camden, with the exception of
the gas property in and about Elizabeth and the street
railway system in Trenton, As Air. McCarter well
says, this is a vast undertaking.
And the task of
administering it and rendering efficient and economical
service is increased by the fact that the Public Service
The
the Public Service
only four years, had its
inception.
points out that he was not one of the gentlemen
concerned in the original exploitation of these various
enterprises. That work was done by others—“by
some of the •strongest men New Jersey has produced.”
He thinks it undoubtedly shortened the lives of VicePresident Hobart and the late B. M. Shanley of New¬
ark.
He finds much to admire in the work of these
point of objection, namely that the
method of consolidation is not bv “due process of law,”
in that it permits qualified electors of the larger city
and powers, nor is there any common
a definite line which may be exercised
which has
He
As to the third
overpower or outnumber
and to annex the lesser city
how the company,
Mr. McCarter shows
tionality.
to
723
THE CHRONICLE
1907.]
gentlemen and their associates. They quickened the
growth and development of the State, they gave em¬
ployment to thousands of people, and they made living
more comfortable.
But they made mistakes, too, in
that they overdiscounted the future and overcapital¬
properties they constructed.
It was all done, however, in the open, under due forms
of law.
In fact, those who were given an opportunity
to “come in” were regarded as highly fortunate.
But
it gradually became apparent that, while in the main
gas and electric properties were profitable, and jus¬
tified expectations, the street railroads did not.
By
the winter of 1902-03 it was evident to those in touch
with the situation that without new capital for neces¬
sary improvements and for the restoration of impaired
credits the railroads could not go on.
Just at this time
came the dreadful catastrophe in Newark, where a
car full of school children collided with a Lackawanna
train, resulting in much loss of life and great personal
injury. This was the. last straw, and it became ap¬
parent that something would have to be done very
quickly to avert financial disaster. It was then that
Mr. McCarter, who had been counsel for the various
underlying companies, suggested the idea of the for¬
mation of the Public Service Corporation, in order to
provide a large cash capital and acquire upon fair terms
all the constituent properties , good and bad.
The
theory was that during the critical period the strong
and prosperous should carry the financially and physi¬
cally weak properties.
Thus, the Public Service Corporation was formed
with a cash capital of $10,000,000, fully paid up with¬
It acquired all of its gas and
out one dollar of water.
many of its electric properties by lease.
The stocks
of the financially embarrassed railroads and of the
United Electric Co. of New Jersey, which served Essex,
Hudson and a part of Union counties electrically,
and which was also in a struggling condition, were
exchanged for the obligations—not the cash—of the
new company; and in this operation $60,000,000 of
ized
some
of the great
obligation was transformed into approximately
$20,000,000 of new obligations. Public Service stock
was
subsequently increased by $2,500,000, making
$12,500,000 in all, on which thus far there has been no
stock
return.
But this
represents only a
portion of the new money
upwards
put into the undertaking. In the four years
of $26,000,000 have been spent in tlie improvement,
extension and rehabilitation of the properties, besides
$6,000,000 have been appropriated for
expenditure the present year. This money,
over and above the $12,500,000 of capital stock, was
raised by the sale of securities.
The task of rehabilita¬
Manv of the railways were in
tion was a colossal one.
which,
similar
over
THE CHRONICLE.
724
[VOL.
LXXXIV.
financial, collapse, and Carter is very hopeful, if only the company is not
have had to be rebuilt.
This work is progressing, but further hampered and fettered.
With the great in¬
will require several years more for completion, we are crease in the company's business each year, unless all
told. The company has built and rebuilt over 110 conditions change, earnings within a reasonable time
miles of track.
It has purchased 568 new cars, has will substantially increase.
New’ Jersey is about to be
built new power stations, has extended the Camden linked to the metropolis of the nation by a w’onderful
system of tunnels, built for electric railways. The
gas pipe line from Trenton to Plainfield, &c., &c.
influx
of population should then be enormous and in¬
Mr. McCarter refers to some of the things that have
been accomplished for the benefit of the public.
A creased prosperity for all should follow. Mr. McCarter
complete transfer system has been put into effect lays emphasis on the fact that the day of stock watering
between the nine railroad systems, at all connecting and over-capitalization of properties of this character
points, where none formerly existed, and the five-cent- is over. He himself at the request of Governor Stokes
fare zone has been so extended that it is now possible drafted the bill that became a law last year in New’
to ride over fifteen miles for a nickel in certain localities.
Jersey, which positively forbids public utility com¬
The price of gas, which ranged from $1 80 down, at panies in the State from issuing their obligations for
the time of the formation of the company, is gradually less than par, except a reasonable banker’s commission,
being reduced to the dollar standard—a fair price for and forbids the issue of all stock except for par.
He thinks that, with further watering forbidden,
a city like Newark, but an extremely low figure for a
smaller or suburban locality.
In Plainfield, when the stockholders of existing companies should be allow'ed
Public Service took hold, the price of illuminating gas to receive 10% annually, a fair business profit upon
was $1 40.
It is now $1 15 and Jan. 1 1909 it is to be their investment, before any further restriction is
only SI 00. The electric base rate is being reduced to placed upon these companies by taxation or otherwise.
10 cts., involving in some cases a reduction of 50%. He suggests that for anything beyond 10% it might be
This new rate becomes generally effective, with one or well to employ the principle adopted in some of the
two exceptions, on Jan. 1 next.
Four years ago the New England States of requiring companies able to
base rate in Plainfield was 18 cents.
Mr. McCarter pay dividends in excess of what is considered a reason¬
truthfully says that such a low rate as 10 cents never able amount to pay a sum equal to the excess dividend
could have been obtained for a community of this over the so-called reasonable dividend by way of
character except as a result of consolidation. After additional taxation. By such a method the prosperity
the Hughes gas investigation in Netv York the base of the company and additional taxation, he says,
rate for Manhattan was put at 10 cents and for Brook¬ would go hand in hand.
lyn at 12 cents, which shows how favorable a rate 10 ITEMS ABOUT
BANKS, BANKERS AND TRUST CO.’S.
cents is for a suburban locality like New Jersey.
—The
a
state of
physical,
as
well
as
public sales of bank stocks this week aggregate 65
Mr. McCarter declares it
takes, and will continue to shares, of which 55 shares were sold at the Stock Exchange
take, for some years, if not indefinitely, about $4,000,- and 10 shares at auction. The transactions in trust com¬
000 annually of new money to finance the needs of the pany stocks reach a total of 68 shares. The first public sale
Public Service Corporation.
This does not include of stock of the Hudson Trust Co. (of New York), which
a
mile of extended railroad track.
lous
times
Yet in these troub¬
this
comparatively small sum of
money is not easily acquired.
The situation, so far
as new’ extensions are concerned, is accentuated
by
the passage of the so-called limited franchise law,
restricting the period for tvhich franchises may be
granted to twenty years, except where by vote of
the people the period is lengthened to forty years.
While in
even
a sense
this is
a
direct benefit to the Public
Service
Corporation, inasmuch as it prevents others
obtaining what the Public Service already has,
it must serve to retard the development of the rural
sections of the State.
In times like the present it is
utterly futile to consider the financing of rural country
lines upon any such limited basis.
He gives a pointed
from
illustration of how’ such
of the
chosen
community.
as a
site for
a
law works to the detriment
The New Jersey authorities have
a newr
tween Montclair and
normal school
a
location be¬
Paterson, not now reached by
company's lines. They have requested the com¬
pany to fill in this gap between these places, and he says
the company ought to do it, but for the reason stated
it is simply out of the question.
The cost of labor and of everything else has been
going up—not to omit taxes, which for the year 1906
amounted to the vast sum of $920,000.
As stated
above, the company has been in operation four years.
In 1906, for the first time, it earned a little over 5%,
and that on a gross business of $21,000,000 and a
stock capital of $12,500,000.
Nevertheless, Mr. Mc¬
the
commenced business
August 1 1906,
was made
this week
at 97.
Shares.
BANKS—New York.
Low.
xlS
£34 Gallatin National Bank
10 New
.
High. Close.
Last previous sale.
260
250
250
250
March 1907—
167
167
167
March 1907—
365
365
365
Nov.
City Bank. National
£3 Commerce. Nat. Bank of..
York, N.B.A., Bank of 298
298
298
■
-
175
1906—
369
March 1907—
319
-
-
TRUST COMPANIES— New York.
28
Bowling Green Trust Co
40 Hudson Trust Co. (N. Y.)_
zSold at the Stock
—The
.
.
440
440
440
97
97
97
March 1907— 450
First sale.
Exchange.
New York Stock
Exchange was open yesterday
(Good Friday), but will remain closed to-day. An endeavor
was made by the members to secure a double holiday—
Friday and Saturday—but the Board of Governors at a
meetingon Wednesday decided to grant but one holiday and
that on Saturday.
In 1898 and 1906 the Exchange was also
kept open on Good Friday. The Boston and Chicago Stock
Exchanges were likewise’open yesterday. In Philadelphia and
Pittsburgh the Exchanges were closed, Good Friday being a
legal holiday in Pennsylvania.
—That trust companies in Indiana may conduct what
amounts to a general banking business would appear to
follow from the opinion delivered March 14 by State AttorneyGeneral James Bingham.
An opinion rendered by him in
February had encouraged a contrary notion. The first
opinion, the “Indianapolis News” says, was given in answer
to a question raised by State Auditor J. C. Billheimer.
Mr. Bingham, in response to this query, gave it as his opinion
that trust companies under the Acts of March 4 1893 and the
amendatory Acts thereof, had no right to engage in a general
banking business. In order that there might be no dis¬
turbance in the business of trust companies which included
banking features in their operations, steps were taken to
have enacted a bill under -which they would be authorized
to conduct a banking business.
This bill passed the Senate
but was defeated in the House.
Thereupon, to determine
definitely the regulation and supervision of the companies
,
Mar. 30
725
THE CHRONICLE.
1907.J
in accordance with the
law, another inquiry was
by Mr. Billheimer to
the Attorney-General
addressed
propounding
specific questions, and asking that the former opinion
be reviewed.
Mr. Bingham, in his latest opinion, defines
the powers of trust companies with regard to banking as
certain
follows:
and the following 3*ear formed the firm
& Co.; in 1874 the name was changed to the
moved to New York
of Austin Corbin
present title of the
Corbin Banking Co.
Mr. Edgell, a son-
Mr. Corbiii, became a partner in 1890, and
in 1S96 the other existing member, a son of the founder,
in-law of the late
was
admitted to partnership.
Tuesday as a re¬
sult of injuries received in an automobile accident , was one of
the founders of the Fulton Trust Co. of this city.
He served
as trustee, and on the executive committee since its organiza¬
tion, and was for many years the counsel of the company.
and buy commercial paper.”
Appropriate resolutions with respect to his death were
—Dividend payments on the stock of the Mechanics’
adopted by the trustees of the company at a meeting this
National Bank of this city have been changed from semi¬
week.
annual to quarterly, a dividend of 3% having been declared
—Subscriptions are being received by Ira A. Manning,
payable April 1. This is an increase in t lie rate per annum 147 Fourth
Avenue, this city, to the stock of a new institu¬
them to be checked
by depositors to third
paid by banks.
“A trust company may Issue drafts to third parties to the extent that
It amounts to issuing Its check upon a bank holding a deposit of such trust
company. In payment of a check drawn on account of a depositor In such
trust company.
“A trust company may loan Its funds and moneys on personal securities,
“A trust company may
receive deposits and allow
—Gen. James M.
Varnum, who died on
against, and pay such checks that may be given
parties in the same manner as checks are usually
from
10%\o
12%.
Company of this city has decided to
discontinue the practice of remaining open evenings and
announces that, beginning Monday next, its banking hours
will be from 9 a. m. until 4 p. m.
Since September 4 the
—The Hudson Trust
company has been conducting
but finds that there does not
business daily up to 1 a. in.,
exist sufficient demand for
business beyond the usual
the continuance of
banking hours.
the Mechanics’ &
of conducting
A month ago the Times Square branch of
Traders’ bank also gave up the experiment
business at
night.
capital, amounting to $77,300, authorized
by the stockholders of the Pacific Bank of this
city, has been admitted to the Stock Exchange, making the
total amount listed $500,000.
The bank has a surplus fund
of $500,000 and undivided profits of $284,029.
—The additional
a
year ago
being organized under the name of the United
People’s Trust Company. Mr. Manning assisted in the
organization of a similar Philadelphia institution, the Peo¬
ple’s Trust Company, which began business last month.
The stock of the New York company will have a par value of
tion which is
share, and will be sold at $66, so as to create a surplus.
been determined what the capital will be,
but in any event it will not be less than $500,000, it is stated.
—The new Montauk Bank of Brooklyn Borough, which
$50 per
It has not as yet
completed its organization last month, commenced business
on the 4th inst. at Fifth Avenue and Union Street.
The
bank has a capital of $100,000 and surplus of $50,000.
For the convenience of its patrons the institution is open
Saturday nights from 7 to 9 p. m. Henry M. Randall is
President and H. B. Conlin Cashier.
—The Northern New Jersey Trust Company, organizing
Amsterdam National Bank of at Edge water, New Jersey (opposite 130th Street, New
this city has also been admitted to listing on the Stock Ex¬ York City), has had its application to do business approved
change. The additional amount, $500,000, brings the total by the State Commissioner of Banking. The institution will
capital up to $1,000,000. The proposition to enlarge the have offices in the five-story building at Dempsey and River
capital was approved by the shareholders May 14 1906. avenues, standing opposite the ferry entrance, and com¬
On the following day the directors declared a dividend of mence about May 1st.
The capital is to be $100,000, surplus
$500,000 out of surplus and profits, to shareholders of record $50,000, shares selling at $150. The company’s organizers
May 4, which was applied as payment for the new stock. are: R. Ross Appleton, President Fourteenth Street Bank
On December 31 1906 the institution reported, in addition of New York; Frank E. Knox and Thomas H. Roth well of
to its capital of $1,000,000, surplus of $200,000 and a profit
the Columbia Investment & Real Estate Company at Times
and loss fund of $59,947.
The deposits on the same date Building, New York; C. B. Warner, of the Warner Sugar
were $6,834,979 and the total resources $8,539,260.
Refining Co.; William G. Brady, August E. Neuman and
other local business men in the vicinity of Edge water.
—In response to the application made on March 19 by
—On the 2d inst. the stockholders of the First National
the Irving National Exchange Bank of this city, its total
Bank
of Morristown, N. J., ratified the proposition, men¬
capital of $2,000,000 was admitted to the Stock Exchange
list on Wednesday.
The capital of the bank (formerly the tioned in this department Feb. 2, to increase the capital from
New York National Exchange) was increased from $1,000,$100,000 to $200,000. The selling-price of the new shares
was $150 each, and surplus and profits are now about $365,000 to $2,000,000 at the time of consolidation with the
Irving National, the stockholders ratifying the proposition 000.
February 19. A cash dividend, equal in the aggregate to
—The title of the Citizens’ National Bank of Hornellsville,
$275,674, wa's declared from accumulated surplus of the N. Y., has been changed to the Citizens’ National Bank of
National Exchange Bank to shareholders of record January
Hornell, to conform to the change made last year in the name
21, in accordance with the resolution of the directors that of the town.
the surplus and undivided profits in excess of an appraised
—H. S. Shelton has advanced from the cashiership to the
capital and surplus of $1,500,000, be distributed to stock¬ vice-presidency of the Connecticut National Bank of Bridge¬
holders of record at that date.
port, Conn. L. B. Powe has become Cashier and T. C. Gum¬
—James Henry Smith, whose death in Kioto, Japan, was
ming Assistant Cashier.
announced this week, was a trustee of the Union Trust Com¬
—Robert B. Fairbairn, President of the National Rock¬
pany and Equitable Trust Company of this city and a direc¬
land Bank of Roxbury (Boston), died on the 22d inst. in his
tor of the Hanover National Bank, the Hanover Safe De¬
sixtieth year.
Mr. Fairbairn entered the bank as messenger,
posit Company and the Empire Trust Company. Mr. Smith becoming Cashier about 1873 and President in 1898.
in 1899 had inherited the bulk of the large fortune of the late
—Treby Johnson has been chosen to succeed the late J. W.
George Smith, his uncle; it is stated that he received about Chase as President of the Granite National Bank of Augusta,
—The
new
stock of the New
$56,000,000.
Mr. Johnson as Cashier.
—The new stock, amounting to $400,000, to be put out
city, a private banking firm consisting of George S. Edgell
by the Merchants’ National Bank of Philadelphia will be
and Austin Corbin, filed an assignment on Thursday for the
offered pro rata to the present shareholders at $150 per share .
benefit of its creditors.
The assets, it is claimed in a state¬ Of
this, $100 will be placed to capital, increasing it to $1,ment made by the assignee, George C. Austin, exceed the
000,000, and the premium added to the surplus, raising that
liabilities by over a million dollars.
It is stated, however, item from $600,000 to $800,000. Payments will be made in
that.the assets consist principally of real estate, which could
six monthly installments of $25 each.
The stockholders
not be sold except at a sacrifice in time to meet maturing
are to act on the proposition April 16.
obligations. The principal real estate interests in the East
—The directors of the Fourth Street National Bank of
are on Long Island, at Manhattan Beach and Rockaway.
Philadelphia on Tuesday appointed R. J. Clark as Cashier to
The deposits,At is stated, do not exceed $300,000.
The succeed
the late W. Z. Me Lear.
W. A. Bulkley was ap¬
business of the company was founded in 1851 at Davenport,
Cashier.
pointed
Assistant
Iowa, by the late Austin Corbin. In 1869 Mr. Corbin re¬
—The Corbin
Me.
Banking Company of
192 Broadway, this
A. E. Barbour replaces
—William W.
.
Brown, heretofore Cashier of the Merchants’
was elected Vice-President and
General Manager
yjf the institution on Tuesday. Edwin
C. Goshorn was also made a Vice-President, and William
P. Stamm, the Assistant Cashier, was promoted to the
post of Cashier.
These elections complete the roster of the
bank, from which two Vice-Presidents—Albert S. Rice and
Howard S. Rodgers—recently resigned, in order to give
more attention to personal interests.
It is stated that no
further changes will be made; H. C. Yergason, who has been
a Vice-President for a number of years, will remain in that
capacity. As General Manager, Mr. Brown will practically
be the head during President Ingalls’s absences..
National Bank of Cincinnati,
—In
an
account filed on the 23d
inst., Receiver William
H.
English of the East End Savings Bank Company of Col¬
umbus, Ohio, reports that four dividends, aggregating 52^%,
have thus far been paid to the creditors.
The institution
suspended Jan. 23 1905.
—The
land,
Franklin
a new
Savings & Banking Company of Cleve¬
organization, opened for business on the 21st
inst. at St. Clair Avenue and 55th Street.
is President and Charles A. Melcher
urer.
W. E. Patterson
Secretary and Treas¬
—James M.
McIntosh, who recently retired as National
Examiner, to take the presidency of the Union Na¬
tional Bank of Indianapolis, has assumed the duties of his
He succeeds William J. Richards, who has
new office.
become Vice-President of the bank.
—Henry II. Sanger lately resigned his position
as
Assistant
Cashier of the Commercial National Bank of Detroit (which
has arranged to consolidate with the First National) to
become
$900,000 and the Union Trust Company over $500,000,
The Harris Trust & Savings Bank, successor to N. W. Harris
& Co., in this its first public statement makes the announce¬
ment of $4,200,000 deposits.
—The National
City Bank of Chicago, of which David R.
Forgan is President, under its first call shows $3,562,000
deposits. This bank opened for business in February.
—A useful
booklet, citing “The Powrers of Trust Com¬
panies,” has been compiled by Alfred C. Milliean for the
Wisconsin Trust Company of Milwaukee.
An idea of the
nature of the publication is perhaps best obtained by quoting
from the “Foreword,” which states that it is the endeavor
to give a digest of the powers exercised by trust companies
in the
Secretary of the organization committee of a new
city. The institution
as
the National Bank of Commerce.
—The Lincoln Bank of
of which
we
Springlield, Ill., to the organization
referred Doe. 29, commenced business on the
lltli inst. at Sixth and Monroe streets.
The institution has
capital of $100,000 and is under the management of Jas.
B. Van Cleave, President; Alfred Booth, Charles M.
Woods and Henry A. Diksen, Vice-Presidents; Albert H.
Rankin Cashier, and A. L. Bowen, Secretary
—Two Chicago bank removals, reported in these columns
last week as probable, are now confirmed.
The Federa
National Bank has already moved to the Hetty Green Build¬
ing, on the southwest corner of Monroe and Dearborn streets,
and the Hamilton National will on May 1 remove to the
ground floor corner of the New York Life Building, Monroe
and La Salle, recently vacated by the American Trust &
Savings Bank.
—The unexpected call of the U. S. Comptroller for na¬
a
R.
.
tional bank statements
on
the 22d inst. found
some
of the
Chicago banks perhaps less prepared to make a handsome
comparative showing than if it had come a fortnight later;
but the figures on the whole are creditable, considering the
disturbed state of the money market throughout the country.
In the sixteen Chicago National banks a gain of more than a
million in deposits over the totals of Jan. 26 is shown; the
loans during the same period expanded over $17,000,000.
The banks showing increased deposits are: The Prairie Na¬
tional, $150,000; Fort Dearborn, nearly $400,000; National
Bank of the Republic, $650,000; Bankers’ National, $700,000 and Continental, $4,400,000.
The growth of'the Con¬
tinental National Bank during the past year has been quite
noteworthy. Its statement of April 6 1906 showed $53,518,796 deposits; that of Jan. 26 1907, $60,359,561, or a gain in
one year of $11,216,170.
Going back still further, we find
in 1905 the Continental*s deposits were $51,000,000; in 1900,
$31,000,000; in 1895, $9,000,000; in 1890, $7,600,000; in
1885, $5,100,000 and in 1883, $3,600,000. The adminis¬
tration of President Geo. M. Reynolds is certainly bringing
increasing prosperity to this institution.
—The current reports of the twenty-eight Chicago State
banks disclose a condition differing blit slightly from that
of Jan. 28, when their last previous statements were pub¬
and in
The increase in loans is
a
little
over
two
million
deposits a little under two million dollars. The great¬
est gain in deposits since the last previous report is shown
by the American Trust & Savings Bank, viz., $1,300,000.
The Western Trust & Savings Bank reports an increase of
States and
various
Territories.
These
powers
are
segregated and catalogued in a table under the following
heads:
(1) Trust company powers proper, i.e., fiduciary;
(2) The powers of guaranty, which include the three sub¬
divisions of fidelity insurance, surety and title insurance,
together with other forms of guaranty or trust insurance
which may be exercised; and (3) the powers of banking.
Under the last-named head there has been included three
various
degrees of banking as they have appeared in the
(a) Strong banking powers—by which is un¬
derstood the right to exercise all the functions lawfully exer¬
cised by banks jn the State in question; (b) medium banking
powers—by which is understood the right to do a savings
bank business, receive deposits subject to check, «&c\; (e)
weak banking powers—by which is understood the right to
buy and sell bonds, stocks, exchange, warrants, negotiable
and non-negotiable paper, and other securities.
A tabic has
been added to show the number of trust companies in each
State, with gross capitalization and gross deposits.
—The final
bank about to be established in that
is to be known
LXXXIV.
several laws:
The institution has $50,000 capital.
Bank
lished.
[VOL.
THE CHRONICLE.
7M
report of Henry M. Beatty, assignee of the
Western Bank of Denver, was filed on the 20th inst.
A
paid to the depositors within tic1 last
few months, making in all Gs 2-3% since the suspension of
the bank in August 1905. -In the District Court on the 23d
inst. Judge G. W. Whitford refused to issue an order allowing
several of the stockholders to compromise the judgmentsagainst them by paying 85 cents on the dollar.
third dividend
was
—Officers for the newly organized
Bankers’ National Bank
City, Ivan., have been elected as follows: Jno.
W. Breidenthal, President; George M. Gray, Vice-President,,
and W. R. Berry, Cashier.
The bank has a capital of
of Kansas
$250,000.
—From Dec. 31 1906 to March 1 1907 the
deposits of the
Company of Memphis have grown
from $5,959,915 to $6,116,443.
This latter amount is the
largest in the history of the company and it is also claimed
to be the largest of any bank in the State.
The institution
Bank of Commerce & Trust
has
capital of $1,500,000 and total assets of $8,292,923.
are. J. T. Fargason, President; John H. Watkins,
Vice-President; James H. Fisher, Secretary; S. J. Shepherd,
Trust Officer; L. S. Gwyn and E. L. Rice, Assistant Cashiers.
a
The officers
—The United States Trust <fc
Savings Bank has been
or¬
ganized in Memphis, Tenn., with a capital of $100,000.
M. S. Buckingham, President of the State National Bank.of
Memphis, has been chosen President of the
The other officers of the latter
Buckingham,
are
Vice-Presidents,
new
institution.
W. II. Wood and M. G.
and
W.
W.
Stevenson,
Cashier.
—
Hiram
Southern
S.
T.
Gates
Interstate
Galeski, resigned,
Gates
as
has
Bank
been
elected
West
of
the
Richmond, Va., to succeed
D. A. Ritchie is successor to Mr.
Vice-President.
—It has been decided to hold the current
the
President
of
year’s meeting of
Virginia Bankers’ Association at Clarksburg
on
June 12 and 13.
—The
Comptroller of tlie Currency has approved an
application to organize the Union National Bank of Fnsno,
Cal., capital $150,000.
0. R. Puckhaber, A. Sachs. J. D.
Collins, W. O. Miles. C. L. Walter and A. B. Clark are
interested in the project.
—The Bank of San Francisco, at San Francisco. Cal.,
capital $200,000, has been incorporated. Tiie proposed
institution will be affiliated with the Crocker National Bank
and
will, it is said, supersede the Citizens’ National, or¬
ganized about two years ago. The change will occur about
June 1.
Mar. 30
727
THE CHRONICLE
1907.J
position in Algeria makes it indis¬
pensable for her that she shall have a free hand in Morocco.
Germany, it is feared, is unwilling to agree, and consequently
there has been more or less of apprehension in Paris this
week, and there has been heavy selling of copper and diamond
shares, which recently had such a very remarkable rise.
In Germany, dlso, there is an unsettled feeling.
On the
one hand, there is anxiety because it is believed that the
negotiations between this country and Russia are pro¬
gressing most favorably, and therefore Germans fear that
they may find themselves confronted by a coalition of Eng¬
land, Russia and France. The fear is quite ungrounded,
unless of course Germany meditates offensive action.
Still
the fear exists.
Moreover, there is a fear in certain sections
of society in Germany that the Emperor, dissatisfied with
his isolation, may effect a coup d’etat.
These political ap¬
prehensions have added to the effect of the fall in New York
and business has been exceedingly dull in Berlin.
Lastly,
J. R. Tall man and A. G. Taft.
the unfavorable impression has been heightened by the rise
—The Bank for Savings in Seattle, Wash., for which art¬
of the Bank of the Netherlands rate of discount.
In the
icles of incorporation were filed recently, opened for business
Netherlands speculation, especially in Americans, has been
on the 16th inst.
The capital is $400,000. The institution rampant for some time past, and as gold was being shipped
will not enter the commercial field, but will conduct purely very freely to New York the Bank of the Netherlands judged
it to be essential to put up its rate to protect its reserve.
a savings bank business.
Money in London, in consequence of all the foregoing,is
exceedingly stringent, the rate for three months’ bills being
5 to 5X%.
The India Council offered for tender on Wednesday 80
lacs,
and the applications exceeded 308 lacs, at prices ranging
(From our own correspondent.)
from Is. 4 l-16d. to Is. 4 5-32d. per rupee.
Applicants for
London, Saturday, March 16 1907.
bills at Is. 4 l-16d. and for telegraphic transfers at Is. 4^jd.
The heavy fall in New York this week has over-shadowed
per rupee were allotted about 5% of the amounts applied for.
The following return shows the position of the Bank of
all other considerations in this market, and has brought
about a general decline here.
At one time, indeed, on England, the Bank rate of discount, the price of consols, &c.,
years. 1905.
Wednesday there was an exceedingly apprehensive feeling, compared with the last four
1903.
1904,
1906.
1907.
for the fall in American securities was accompanied by a fall
Mch. 18.
Mch. 16.
Mch. 15.
Mch. 14.
Mch. 13.
£
£
£
£
in consols and all other Government securities.
To what the
£
27,745,960 27,926,725 27.0S7.250 27,561,390 28,129,305
fall in British Government securities was due is much de¬ Circulation.
14,681,743
13,720.681
16,266,646
19,120,720
Public deposits.... 17,262,224
40,979,868
bated in the market.
By some it is attributed to selling on Other deposits
40,203,313 41,012,269 44,515,143 38,642,241
14,668,318
19.224,851
15.589,105
the part of large operators who had lost heavily in Ameri¬ Governm’t securities 15,449,756 16,114,822 32,424,190
24,292.522 32.274,570
33,651,380 33,722,986
Other securities
27,181,736
26,561,863
cans.
By others it is accounted for by supposing that some Reserve ,notes&coin 26,687.756 28,635,278 31,129,319
Coln&bull.,bothdep 35,983,716 38,112,003 39,766,569 35,673.273 37.136,041
of the insurance companies which had lost heavily because
Prop, reserve to lia50 9-16
484
of earthquakes and unfavorable marine policies have been
514
47 9-16
464
bilities
p. c
4
4
4
24
5
Bank rate
p. c.
selling.
914
864
90 4
914
85.4
Consols, 24 p. c—
22 7-16d.
Whatever the true explanation, all British Government Silver
26 4 d.
26 15-16d.
294d.
31 ll-16d.
securities have declined during the week, and this has given Clear.-housereturns222.778,000 261,348.000 268.032,000 195.180,000 207,584.000
The rates for money have been as follows:
One was to the effect that a dis¬
rise to alarmist rumors.
Angeles an¬
nounces
in charge of
its bond department, dealing in railroad, municipal and cor¬
poration bonds and Eastern commercial paper. Mr. Blym¬
yer was formerly with the banking and bond house of Plympton, Gardiner & Co. of New York and Chicago.
—John Harlan has replaced L. A. McConnell as VicePresident of the National Bank of Commerce, Los Angeles.
—The Harbor Bank of Oakland, Cal., has filed articles of
incorporation. It is to have an authorized capital of $200,000.
The incorporators are A. Kendall, J. F. Rooney,
Frank W. Bilger, H. B. Belden, H. C. Coward, B. F. Woolner, John J. Haynes, John J. McDonald, George Samuels,
—The
Merchants’ Trust Company of Los
that G. G. Blymyer has been placed
and that therefore her
IpaonctavulCommcvcialgtiglisltlljews
.
.
in difficulties. Whether the discount
company works in London or upon the Continent, no two
versions of the rumor agreed.
That the rumors were quite
false is certain.
The large British discount companies are
so very strong that a fall of one or two points in British
Government securities would certainly not involve them in
difficulties.
Even the small discount companies could
hardly be driven to sell on the scale that would have brought
about the fall of this week by such a decline as has taken
place. As that came to be recognized, the version was
modified, and it was said that the discount company was a
Berlin or a Hamburg company.
Again versions varied.
count company
was
that both statements are
absolutely false; that there is no difficulty in any discount
March 15.
5
Bank of England rate
Oven Market rate—
5 1-16 @54
Bank bills—3 months
5 1-10@54
—4 months
5
—6 months
54 @54
Trade bills—3 months
—4 months
54 @54
Interest allowed Jor deposits—
dealing in money either in Berlin
Hamburg. However, the rumors had their effect in
alarming holders and leading them to sell.
There has up to the present been no material recovery.
There have of course been ups and downs, but upon the
whole consols are even lower than on Wednesday.
At the
fortnightly settlement which closed on Thursday there were
two failures.
One of them was of a firm, the head of which
had been a member of the Stock Exchange for 49 years.
The firm had at one time a very large business, and though
the business has shrunk, still it stood well in the House.
It is believed that its misfortune is due not so much to overspeculation on its own part as to reckless gambling on the
part of a client whom it trusted unwisely.
All departments of the Stock Exchange shared more or
less in the decline, but the department which suffered least
has been that for South African mining shares.
The speech
made by General Botha, the newr Prime Minister of the
Transvaal, has made an exceedingly good impression. He
declares that his policy will be loyalty to the flag and an
earnest endeavor to unite the two great white races.
Tele¬
grams from Mr. J. B. Robinson, one of the important
mining magnates, have also made a favorable impression.
He declares that the mines with which he is connected are
able to secure as many native laborers as they require.
In
fact, he states that he is at present compelled to refuse offers
of laborers because he has not read}'accommodation for them
on
or
of any company
the Rand.
In Paris the Bourse has
been
very
unfavorably affected
44 @4 13-16 4
44
44
13-16@44
44
44 @44
5
5
5
5
By Joint-stock banks
34
34
34
34
By discount houses:
At call
7 to 14 days
34
34
34
34
34
34
34
34
The Bank rates of discount and open market
chief Continental cities have been as follows:
rates at the
Rates oj
Interest at—
The best German authorities assert
house
or in
5
5
5
44
44
44 @44
5 @5.4
5 @54
Feb. 22.
March 1.
March S.
Paris
Berlin
...
...
Hamburg.
Frankfort
Amsterdam
Brussels
-
...
.
...
..
..
Vienna
St. Petersburg-
Madrid
.
...
Messrs.
March 14:
Feb. 23.
Batik
Open
Rate. Market.
3
3
6
44
44
6
6
44
5
44
'
_
...
...
Copenhagen
March 2.
March 9.
March 16.
Bank
Open
Bank
Bank
Open
Open
Rate. Market.
Rate. Market.
Rate. Market.
3
3
3
3
3
3
6
44
6
54
6
54'
6
44
6
54
6
54
6
6
44
54
6
54
5
44
5
44
6
54
4
34
3 15-16
4
4
3 15-16
44
44
44 4 3-16
44
44
7
7
7
4
4
44
44
4
44
6
54
6
54
6
54
...
_
_
Pixley & Abell write as follows
GOLD.—The Bank
succeeded in buying the gold in the open
-
44
34
44
7
-J
44
4
6
54
4
under date of
market, amounting
about£250.000. but only by putting the price up to %d. so as to avoid the Ameri¬
can demand.
Since our last, the Bank has received £942 000. of which £663.000
is in bars. £206.000 in U. S. gold coin from Paris and£73,000 in French gold. Against
this, £1.060,000 has been withdrawn, consisting of £500.000 on Indian account and
£560.000 sent to Soilth America.
For the week: Arrivals: Cape. £376,000: Austra¬
lia. £6.000; total, £382,000.
Shipments—Bombay, £116,800; Colombo, £8,500
Calcutta, £45.000; total, £170,300.
For the month of February: Arrivals—Ger¬
many, £ 180,000; Egypt. £750,000; Brazil, £30,000; South Africa, £1,878,000;
to
£209,000.
Shipments—Egypt,£200,000;
India, £691,000.
India.
Brazil.£877.000; Argentine.£ 1,020,000;
SILVER.—The market rallied to 31 15-16d. on some inquiry for the Indian Ba¬
but this was soon satisfied and, with some signs of the Indian Government
being less eager to buy, the price reacted to 31 7-16d.. at which the market closes
Forward is now 4d. under cash.
The Indian price is Rs. 80 V* per 100 Tolahs. For
the week: Arrivals—New York, £317,000; Chili, £8,000; total, £325,000.
Ship¬
ments—Bombay, £136,200; Colombo, £2,500; Calcutta. £203,300; Singapore
(coins), £61,500; total, £403,500.
For the month of February: Arrivals—U. S A.,
£719.000: India, £150,000; France, £47,000.
Shipments—India, £1,839,000;
France, £258,000.
DOLLARS.—There
is
no
business
to
report in dollars. Arrivals—
MEXICAN
New York, £45,000;
Shipments—Bombay, £40.200; Calcutta, £128,400: total,
£168.600.
zaars,
The
dull.
quotations for bullion are reported as follows:
GOLD.
London Standard.
Bar gold, fine, oz
U. S. eold.oz
German gold coin, oz.
French gold coin, oz
Japanese yen, oz
Mch. 14.
s.
d.
77 94
76 5
_
76 5
76 5
76 44
Mch. 14.
Mch. 7.|
SILVER.
s. d. j
London Standard.
d.
77 9 I Bar silver, fine, oz
317-16
76 441 *' 2 mo. delivery, oz.31 3-16
76 44 I Cake silver, oz
33 15-16
76 4,41 Mexican dollars
76 441
nom.
Mch. 7.
d.
3111-16
319-16
34 3-16
nora.
and London Stock Exchanges.
The following shows the imports of cereal produce into
Tax Bill grows stronger; the United
Kingdom during the season to date compared
and, what is still more serious, there are again apprehensions with.
previous seasons:
IMPORTS.
regarding Germany. Germany alleges that France is over¬
Ticcnty-cim weeks.
1906-07
190.5-06.
1904-05.
1903-04.
stepping the authority given to her by the Algeciras Con¬
cwt.43,026,700 42,645.200 54,379.300 47.820,961
ference.
In other words, France and Germany differ as to Imports of wheat.
Barley
14,087,900 14,503.801) 14,333,900 21.123,068
the interpretation to be put upon the convention adopted Oats
5,956,500
6,680,500
7.293.900 9,209,498
1,129,960
Peas
1,107,205
1,254,451
1,354.959
By the Conference. France alleges that she cannot give Beans
585,570
483,030
970,310
1,454,858
Indiancorn
27.052.400 25,766.200 24 529.600 28.472.597
way; that if she showed that she is not free to act in Morocco
7,518,800
8 695.100
6 466,520 12,952.924
she would encourage the Mussulmans of Algeria to revolt; Flour
by the state of the New York
Moreover, the dislike of the Income
*
1905-06.
1904-05.
1903-04.
cwt.43,026,700
7.518.800
16,912,840
42.645.200
8,695,100
21,555,871
64,379,300
6,466.520
10,162,794
47.820,961
12.952.924
67,458.340
72,896.171
71,008.614
71.962,287
26s. 8d.
26s. 4d.
28s. 5d.
28s. Id.
30s. 9d.
30s. 4d.
29s. Id.
27s. Id.
1906-07.
Wheat imported...
Imports of flour
Sales of home-grown.
Total
Average price wheat, week
Average price, season
maize afloat to the United
Wheat
Maize
The British
Kingdom:
3,695,000
180,000
670,000
3,590,000
170,000
670.000
Per Ct.
£
53,474,333
47,527,253
Difference.
£
+7,066,175
+5,400,094
101,001.586
+12,402.269
+12.3
1907.
1906.
£
60,540,508
52,927,347
113.463,855
+13.2
+11.3
exports since Jan. 1 have been as follows:
Two months
1907.
1906.
£
35,070,607
£
32,073,345
30,774.811
28,771,123
67,143,952
59,545,934
+7,598,018
The re-exports of foreign and
show the following contrast:
„
February
.
Totals
Difference.
£
+1,347,421
+1,429,970
1906.
£
8.793,276
9.425,830
£
7,445,855
7,995,860
+14.0
+11.5
+12.7
el*
g.
fri
|
94.80
Amalgamated Copper Co
30 7-16
85
85
c94.67*4
75
82 ?*
7 84
93
93
12**
12
b Anaconda Mining Co
334
Atchison Topeka & Santa Fe 91
Preferred
97
Baltimore 4 Ohio
984
Preferred
91
Canadian Pacific.
167*4
Per Ct.
rCi
CM t^co
CO
©©X
©©<N
CM *-<
a
a
Pennsylvania
Reading Co
a First preferred
a Second preferred.
Price per
share.
50*4
44*4
50
119
36
74
82*4
119*4
50*4
43*4
434
21
77
22
75
21
72*4
.135*4
90
354
.1014
14
26
60
14
25
60
b£ sterling,
c
13*4
135
31
72
40
146
120
21*4
3574
64*4
50
123
38*4
7674
8274
r-
©©©
©
05 r- 04
©
127
©
CM
s§
r-l
CM
T
CO *—< >D
©
to
X
co
x © *-> © •v ©
CO © -^ © ©
© r- •'o
x co
CO
Mco >o©
©M ©
©(N -H
co xx
©
©
X ©
CM CM
»o
rr coo*
<M Ol
•-*©«-<
CM
<M © <N
©
52
43
43
20
43*4
4374
2054
794
2274
75*4
53
43 74
132
90
138
90
34*4
98
13
23
60
14
25
60
fcn
1
w
•J
o
43*4
.787*
21
76
357«
100
14
2474
Merchandise Movement to New York.
Month.
July
August
September
..
October..
November
December
January..
February.
*
51.186.S94
54.208,572
58.143.285
68,407.750
58,785,883
83,875,573 62,084.002
75.330.150 65,414,702
73,357,400 63.034,102
1
!
covers
our
New
the total
re¬
Customs Receipts
at Nao York.
1906-07.
S
44,601,647
56,153,299
49.638,991
55,658,846
52,503.128
50,934,135
54,687,930
51,324,211
1905-00.
S
40.183.484
48.845,396
45,900.930
1906-07.
1905-06.
S
17,955.839
$
14.538.886
17.507.283
17.030,037
17.869.567
19.081,828
17,161.861
49,281.991! IS,946,438
50,593,921
59.000,112
57.601.992
48,721,595
17.792,149
19,60S ,553
19.970.981
1S,09G,641
15,883,365
16,255.884
18.703,721
16.322,54S
imports and exports of gold and silver for the eight
months have been
as
—*
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1906-7— Custom Inrteevrnua.l Miscelanou. recipts. 1905-6— Custom Inrteevrnual. Miscelanou. recipts. is1bu9r0e6m-’ts: maisncedl- IndiansPensio Works Interst disbure! is1b9u0r5n-ti's aminscdel. IndiansPensio Works Interst. disbure FRBauendmk. R1e9c06ip-.ts R1e9c0ip5ts 1Di9sb0ur6e-d. 1Di9sb0ur5e-d.
Total
ec ipts
Total Civil War N;*vy Public Total Civil War Navy Public Total
at.
as
Q
Q
<
$777 Coupons
Totals.. 555,891,232481,265.790 415,402,187 400.729.421 148,614,290134,111,291
!
*
!
The
© ■v*
-IN©
©
‘C
o
-T
Co.
!
Exports.
$
62.679,920
62,182.900
58,644,148
69.513.980
70,307.143
—*
r-4
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OJ C-l
•>r
t- -H PO ©
60
imports and exports of merchandise and the Customs
ceipts for the eight months of the last two seasons:
!
oi
Trenton Watch
bonds
$25
Ex-dividend.
The first statement
1905-06.
Ol ©
1- X
co e-
!
Stocks.
Bonds.
10 Ramapo Water Co
$50,000 Cuban Republic 7s, Issue
5
20 Dominion Copper Co., $10
of 1869
I
$330
each
$5 U per sh $13,000 Allis-Chaimers Co. 5s
50 Guggenheim Explor. Co
1936
80
235 4
40 Hudson Tr. Co., N. Y
i $3,000 Bklyn. Hts. RR. 1st 5s
97
1941.
335 Bleecker St. & Fulton F’y
A. & O.
105
HFfc
27
$7,700 Boonton Gas Lt. & Imp.
200 F. O. Green Co
Co.
1st
5s
1952.
M.
&
S
70 4
.$200 lot
10 Schwarzschlld & Sulzberger
$1,200 Standard Cordage Co.
Co
180
1st 5s 1931.
A. & 0
45
10 Bank of New York, N.B.A.298
$900 Standard Cordage Co. Ad¬
28 Bowling Green Tr. Co
440
justment 5s 1931.
A. &0._ 10 J4
21 Standard Cordage Co. com.
$9,000 Trenton Watch Co. Class
4
A Bonds Fe. 1906 coup
$120
33
20
following figures for the full months, also issued by
1906-07.
© S'
Cl —'
x"
Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
<
FOREIGN TRADE OF NEW YORK—MONTHLY
STATEMENT.—In addition to the other tables given in
this department, made up from weekly returns, we give the
■
Ol
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t-H
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Auction
>*
©omtaetxial autl ptisccllaucous |Lettrs
York Custom House.
03 X
Ol Ol
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90
101*4
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13774
36*4
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375*
7774
i
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12*4
91*4
4974
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05
121
CM
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64
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8674
3474
5,638,359 3,253,178:25,026,029
x©r-
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CO
Cq-
145
119
21
3,556,548
'
co © oi © r- oi ©
©
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72}4
24*4
251.933
© 1-H © X l-» X 03
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£
134
30
204
63*4
734,824
431.575
©
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XC-fflrtOS’m
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174*4
40*4
1374
41
$
3.822,728
3,768.442
3.326.881
2.117,519
2,607,461
3.251.168
2.575.282
270,689
380.662
334.834
323.085
525.576
rtO
©
©
CO
nc»o
CM CM
T 00 30
o
-HOO-nt^X©©
usOOX
90
90
1747*
7554
2074
7274
132*4
904
34*4
100*4
.
.
3374
6274
124
61
.
.
61
38
144
114
19
824
127
62
.
29J4
7274
25*4
76
82*4
.
13
134
121*4
37*4
2074
.c7854
..
a
51J4
.
4
66
51
44
Rock Island Co
Southern Pacific
Southern Ry., com
Preferred
Union Pacific, com
Preferred
U. S. Steel Corp., com
Preferred
Wabash
Preferred
Debenture Bs.
90
168*4
38*4
35*4
121
38
78
.
974
74*4
38*4
1474
.
.
97
9874
26 J4
61
40
140
118
20
119
20
36
66
.
97
944
137
30
62
—
95
984
40
14
75
24
•_
Second preferred
Illinois Central.
Louisville & Nashville
Mexican Central
Missouri Kan. & Tex., com..
Preferred
National RR. of Mexico
N. Y. Central & Hud. River.
N. Y. Ont. & Western
Norfolk & Western, com
Preferred
Northern Pacific
©
t^-*©C0©O©
-r
00
x©x
CO Cl CO
OOM —
■'s
754
83*4
97
91
.
Preferred
CM
tOh.
to © ©
oo i- r-
94.72*4
11*4
894
11,415.316|2,944,945
i
Ol C3 o
© t^X
10*0 0
+18.2
+17.8
85 11-16
85 11-16
4
894
.
52,244,368
CM
©
'cor-
fe.
30?g
84*4
8874
12*4
92? £
83*4
83*4
166*4
Chesapeake & Ohio
39*4
14
Chicago Great Western
Chicago Milw. & St. Paul... 137
Denver & Rio Grande, com.. 31>*
*
Erie, common
First preferred
30 9-16 30 13-16
85 3-16 85 5-16
85 3-16 85 5-16
94.70
94.6274
76
75*4
285.100
95.320
173,000
282,370
1,043,875
2,589.500
<=>
Fri.
Thurs.
Wed.
24.929
1.881.931
70,248
7.455,721
203.343
261.740
39,631
865,111
377,127
290,015 1.367,113
266,134
335,588
„©<nx
rococo
Tues.
1906-07-
$
RECEIPTS AND DISBURSEMENTS (000s omitted).
00 ^
English Financial Markets—Per Cable.
The daily closing quotations for securities, &c., at London
as reported by cable have been as follows the past week:
Mon.
1906-07.
$
previous months, and in that manner complete the state¬
ment for the eight months of the fiscal years 1906-07 and
1905-06.
For statement of February 1906 see issue of April 21
1906, page 908.
Q
Sat.
30 15-16
84 13-16
84 13-16
1905-06.
Through the courtesy of the Secretary of-the Treasury, we
are enabled to place before our readers to-day the details of
Government receipts and disbursements for the month of
February. From previous returns we obtain the figures for
Two months
18,219,106
15,441,715
+2,777,391
+18.0
Note.—The aggregate figures are official.
They indicate that slight adjustments
have been made in the monthly returns as issued.
London
Week ending March 29.
Silver, peroz
d.
Consols, new, 24 percents..
For account..
French rentes (in Paris). ,fr.
Russian Imperial 4s
new 5s.
do
do
'
469,424
413.224
1,330.277
October
November
December
$
38.982
25,822,574
17.320.171
625.028
1,380,413
388,410
1,230,143
August
colonial produce since Jan. 1
1907.
Re-exports.
January
Per Ct.
Difference.
£
+4,295,796
+3,302,222
Exports.
January
February
$
Exports.
1.041.294
127,900
July
September
1906-4)7.
1905-06.
%
4.147.352
Imports.
GOVERNMENT REVENUE AND EXPENDITURES.—
imports since Jan. 1 have been as follows:
Two months
1906-07.
4.110,000
160,000
320.000
3,875,000
225,000
605,000
Exports.
Imports.
1905.
1906.
Last week.
Imports.
January...
February
Month.
January
February
This week.
qrs.
qrs.
qrs.
Flour, equal to
11,188,402
Silver—New York.
Gold Movement at New York.
Supplies available for consumption (exclusive of stock on
September 1):
The
[VOL. LXXXIV
THE CHRONICLE
728
follows:
DIVIDENDS.
We have changed the method of making up our weekly
list of dividends.
Heretofore our record has included only
the dividends announced each week, but for the convenience
our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived.
In the new
form the statement indicates all the dividends announced
for tin* future by all large or important corporations'.
Dividends announced this week arc printed in italics.
of
Per
Cent.
Name of Company.
Railroads (Steam)
Beech Creek, guaranteed (quar.)
Boston A- Maine, common (quar.)
1
I3*
1*4
Buffalo & Susq., com. (quar.) (No. 32)..
Canadian Pacific; common
Common, extra
Preferred
-
Chicago <fe Eastern Illinois, pref. (quar.).
Chlcaeo Great Western, preferred "A”..
Chicago Milw. & St. Paul, com. & pref..
Chicago & North Western, preferred
Chicago Rock Isl. & Pacific Ry. (quar.).
Cleve. Cin. Chic. & St. Louis, pref. (quar.'i
Cleveland Lorain & Wheeling, preferred.
Colorado & Southern, first preferred
Second p eferred
Cripple Creek Central, com. (quar.) (No.7)
Preferred (quar.) (No. 8)
DelawareLackawanna & Western (quar.).
Erie RR second
preferred
Genesee & Wyoming
3
}
\
4
2
14
24
34
2
14
1*4
24
2
2
1 * si
1
24
2
2
i
When
Payable.;
Apr.
April
Apr.
April
April
April
Apr.
April
Apr.
April
April
Apr.
Apr.
April
April
.4 pr.
Apr.
Apr.
April
Apr.
Books Closed.
Days Inclusive.
1 Holders
1, Holders
1
of
rec.
of
rec.
2|Mch.
2
to
2i Meh.
2
2|Mch.
2
to
to
to
to
IlMch. 14
1 Mch. 10
20 Holders of
1
^Folders
1 Mch. 16
20 Holders
1 Mch. 21
IlMch. 17
l|Mch. 17
20 .4 pr.
11
20 Apr. 11
20 Apr.
4
» Mch. 13
1 Mch. 20
of
rec.
rec.
to
Of
rec
to
to
to
to
to
to
to
to
Mch. 23
Mch.
1
April 2
April 2
April 2
Mch. 17
April 1
Mch. 20
2
Feb.
Mch. 31
Mch. 30
1
Apr.
1
Apr.
Apr. 1
Apr. 20
A pr. 20
Apr. 19
April 0
A pr.
1
Mae. 30
Per
Cent.
Name oj Company.
Railroads (Steam) (Continued)
Interborough Rapid Transit (quar.)
Maine Central (quar.)
—
Manhattan Railway (quar.)
Minn. St. Paul &S. S. M., com. (No. 8).
|
j
O
i
2
2
i 14
14
14
14
Railroad Securities,
2
preferred
0
Reading, second preferred
Rio Grande Junction
St. Louis & San Francisco, first pf. (qu.)
Southern Pacific Co., common (No. 2)..
1
24
24
Southern, preferred
Toledo St. Louis & Western, preferred-.
Union Pacific, common
2
5
2
...
Utica & Black River, guaranteed
Streei Railways.
American Cities Ry. & Lt.. pref. (quar.)
Aurora Elgin & Chicago (quar.)
Bangor Railway & Electric (quar.)
Boston Suburb. Elec. Cos., pref. (quar.)
Cape Breton Electric Co., Ltd. ,pref
Cincinnati Street Railway (quar.)
Cin. Nctcp. & Cov. Lt. cfc Tr., pfd.(quar.)
Dallas Electric Corporation, preferred.
Detroit United Railway (quar.)
Easton (Pa.) Consolidated Electric..
Forest City Railway (Cleveland)
Havana Elec. Ry., pref. (quar.) (No. 5).
HoughtonCo.(Mich.) St. Ry.,pf.(No.lO)
Interborough-Metropolitan, pref. (quar.)
Johnstown (Pa.) Passenger (quar.)
Louisville Traction, com. (quar.)
1 Apr. 11
to
May
1
1 Holders of rec. Mch. 15
to
2 Mch. 10
Apr.
2
to
1 Mch. 16
1
Apr.
to
1 Mch. 26
Apr.
1
10 Holders of rec. Apr. 25
34
14
14
14
Apr.
Apr.
Apr.
75c.
$3
April
May
Apr.
Apr.
April
May
Apr.
Apr.
April
April
April
1
3
14
4
1
24
14
Preferred
May
April
Apr.
Apr.
Apr.
May
April
Mch.
14
14
24
14
24
14
Memphis Street Ry., preferred (quar.)
Metropolitan Street Ry. (N. Y.) (quar.).
April
Mch.
Apr.
4pril
April
Apr.
April
14
Mch.
Apr.
Met. West Side E!ev. (Chic.), pref. (auar.)
4
Mch.
Light, pref. (quar.).
Philadelphia Company, common (quar.)
Philadelphia Traction
Portland (Ore.) Ry.,Lt.&P.,pref.(quar.)
Ridge Avenue Pass. Ry. (Phila.) (quar.)
Rochester (N. Y.) Ry.. pref. (quar.)
St. Joseph (Mo.) Ry., L..H.& P.,pf. (qu.)
Sao Paulo (Brazil) Tram.,Lt.& P. (quar.)
Savannah Electric Co., pref. (No. 11).
Seattle Electric Co., preferred (No. 13)-South Side Elevated (Chicago) (quar.)..
Spokane d- Inland Empire RR., pref. ctfs.
Springfield (III.) Ry. & Light (quar.)
Syracuse Rapid Transit, preferred (quar.)
Tampa (Fla.) Electric Co
Toledo Rys. & Light
Tri-City Ry.& Lt.(Davenport,Ia.)pf.(qu.)
Twin City Rap. Trans. (Minn.), pf. (qu.)
Union Traction of Indiana, preferred...
United Railways, St. Louis, pref. (quar.)
United Trac. & Elec.,Providence (quar.)
■Washington Water P., Spokane (quar.).
West End Street Ry. (Boston), common
14
14
Apr.
May
April
April
Apr.
Apr.
Apr.
Apr.
New Orleans Ry. &
$2
14
?3
14
14
2
3
3
1
14
l
14
5
1
14
14
24
14
14
14
34
Banks.
Chatham National (quar.)
Coal & Iron National (quar.)
Commerce, National Bank of (quar.)
First National, Brooklyn (quar.)
First Natioruil, New York (quar.)
Gallatin National (No. 149)
Garfield National (quar.).
Hanover National (quar.)
4
14
9
Apr.
April
Mch.
Apr.
Apr.
Apr.
May
May
Apr.
April
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
j Mch.
i Apr.
Apr.
34 i Apr.
24 Apr.
Manufacturers’ National (Bklyn. (quar.)
Market <fc Fulton National (quar.)
Mechanics National (quar.)
3
1
Metropolitan (quar.)
Nassau National, Brooklyn (quar.)
New Amsterdam National (quar.).
Nineteenth Ward (quar.)
! Apr.
I Apr.
Apr.
Apr.
24 'Mch.
2
North America, Nat. Bank of (quar.)
Extra.
Oriental (quar.)
Park National (quar.)
Trust Companies
Bankers’ (quar.)
3
24
4
4
5
BowlingGrcen (quar.)
15
Central (quar.)
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Apr.
Equitable (quar.)
Fifth Avenue (quar.)
Franklin, Brooklyn (quar.) (No. 67)
Guaranty (quar.)
t.
Lincoln (quar.)
Long Island Loan & Trust, Bklyn (quar.)
Mercantile (quar.)
Metropolitan (quar.)
Morton (quar.)
New York (quar.)..-
3
3
Mch.
34
Mch.
Mch.
Title Guarantee & Trust (quar.)...:
Trust Co. of America (quar.) (No. 23)..
Extra
Union (quar.)..
Van Norden (quar.)
— !
4
5
2
5
3
3
5
—
Washington (quar.).
6
5
8
j
j
Williamstmrgh, Brooklyn (quar.)
12 4
2
3
2
April
Mch.
Apr.
Apr.
Apr.
Mch.
Mch.
Mch.
Apr.
Apr.
Apr.
Mch.
Apr.
Apr.
Miscellaneous.
Aeolian, Weber Piano&Pianola. pf. (qu.);
Amcr. Agricul. Chem., pref. (No. 16)
j
Am. Beet Sugar, pref. (No.31) (quar.).. j
Amcr. Brake, Shoe d Fdry., com. (quar.)
Preferred (quar.)
;
American Can. pref. (quar.)
j
Amer. Car & Fdy.,com. (quar.) (No. IS),
Preferred (quar) (No. 32)
j
American Caramel, preferred (quar.)
j
American Chicle, common (monthly)
J
Preferred (quar.)..
1.j
-.
(quar.)
j
A merican Iron & Steel Mfg., com. (quar.)
j
American Locomotive, common (quar.).i
Preferred (quar.)
;
American Pipe Manufacturing (quar.)..
American Screw (quar.)
Amer. Seeding Machine, com. (quar.)..
American Sewer Pipe (quar.)
Shipbuilding, pref. (quar.)
Am. Smelt. & Ref., com.(quar.)(No. 14)
Preferred (quar.) (No. 31)
American Snuff, common (quar.)
Preferred (quar.)
Amer. SugarRefln.. com. & pref. (quar.)
American Telephone & Telegraph (quar.)
American Tobacco, preferred (quar.)
American Type Founders, com. (quar.).
Preferred (quar.)
;.
American Woolen, pref. (quar.) (No. 32)
Mch. 31
of
rec.
to
Mch 15a
of
of
of
of
of
rec.
rec.
rec.
rec.
rec.
1 Mch. 17
1
to
22 Mch. 31
15 Mch. 31
to
1 Mch.
1 Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Apr.
26
29
29
28
lft
15
1
a
April 21
April 15
to
to
to
9
9
Mch. 31
Mch. 31
30
to
1 Mch. 22
Apr.
1
6 Holders of rec. Mch. 25
1 Holders of rec. Mch. 25
15 Holders of rec. Mch. 15
1 Holders of rec. Apr. 15
1!
U)
15 Mch. 31
Apr. 15
8 Holders of rec. Mch. 25
LApr. 16
to
May
1
1 Mch. 21
to
Apr.
1
1
April 15
Mch. 13
Mch. 31
to
15 Mch. 30
1 Holders of rec.
LMch. 19
to
31
1 j Holder* of rec.
1
'April
to
18! Apr. 7
$1.75 Apr.
to
15 Mch 28
14 •Apr.
to
15 Mch. 28
4 Apr.
to
15 Mch. 28
14 .4 pr.
to
Mch. 28
15
4 Apr.
2
15 Holders oi rec.
Apr.
15 Holders of rec.
14 Apr.
to
1 Mch. 27
24 Apr.
to
2
1 Mch. 27
Apr.
2
1 Holders ol rec.
Apr.
to
Mch.
1
6
14 Apr.
to
15 Apr.
1
14 Apr.
to
15 Apr.
1
14 Apr.
1 Holders ol rec.
14 Apr.
to
9 Mch. 31
14 Apr.
to
5
Apr. 27 Apr. 26
Mch
to
2
1
15
April
to
1 Mch. 15
14 April
to
25 Apr. 16
1
Apr.
to
24 Mch. 30 Mch. 28
1
14 Apr.
1 Holders of rec.
April
14
3
Apr.
1
3
Apr.
to
10 Mch. 30
1
Apr.
to
10 Mch. 30
3c
Apr.
to
14 Mch. 30 Mch. 21
to
1 Mch. 20
14 April
to
14 Apr. 27 Apr. 7
to
15
Apr.
5
14 Apr.
to
1
2 Mch. 22
Apr.
1 Holders of rec.
14 Apr.
to
1
1 Mch.
24 April
to
1
1 Mch.
April
14
Mch.
to
21
2
1
Apr.
1 Holders of rec.
14 Apr.
1 Holders of rec.
14 Apr.
to
1 Mch. 19
14 Apr.
2
15 Holders of rec.
Apr.
American Writing Paper, preferred
Anaconda Copper Mining (quar.) (No.26)
Associated Merchants, first pref. (quar.).
First preferred (extra) (quar.) —
Second preferred (quar.)
Second preferred (extra) (quar.)
Bell Telephone of Canada (quar.)
Bell Telephone (Philadelphia), (quar.)..
Bliss, E. W., common (quar.) (No. 58)..
Preferred (quar.) (No. 58)
Cambria Iron, guaranteed
Celluloid Company (quar.)
CentralCoal&Coke.com. (quar.) (No. 26)
Preferred (quar.) (No. 55)
Central Leather, preferred (quar.)
Central & South America Telegraph (quar)
Century Realty
Chic. Jet. Rys. & U. Stk. Y.. com. (qu.)
Preferred (quar.)
Chicago Pneumatic Tool (quar.)
Chicago Telephone (quar.)
Cincinnati Gas & Electric (quar.)
Columbus Gas <fe Fuel, preferred (quar.).
Consol. Gas, El. Lt. & Pow., Balt., pref..
Preferred, prior lien.
Corn Products Refining, pref. (quar.)
Preferr-d (extra)
Crucible Steel, preferred (quar.)
Cumberland Tel. & Tel. (quar.) (No. 94)
Distillers’ SecuritiesCorp. (quar.) (No 18)
Distilling Co. of America, pref. (quar.)..
Dominion Coal, common (quar.)
Duluth Edison Electric, pref. (quar.)...
com. (qu.)
Eastman Kodak Co. of N. J
Preferred (quar.)
.
—
Electric Boat, preferred (quar.)
Electric Sfor. Batt., com. and pref. (qu.)
Evansville Light Company (quar.)
General Chemical, preferred (quar.)
General Electric (quar.).
—
31 Mch. 23
LMch. 21
30: Mch. 22
15 Apr.
1
1 Apr.
2
1 Holders
1 Holders
1 Holders
1 Holders
1 Holders
L Holders
1 Mch. 10
30:
20 Holders
1 Holders
1 Holders
15 Holders
to
to
Mch. 31
Granby Consol. Min. & Smelt, (quar.)..
Apr.
Extra
Great Lakes Towing, preferred (quar.)..
April
Apr. 14
May
1
to
to
to
rec.
Mch 8
Mch. 15
Mch. 12
rec.
Mch. 20
rec.
Mch. 15
of rec.
to
Mch.” 15
of
of
of
of
of
of
of
o1
rec.
rec.
April
I
rec. Apr.
rec. Mch. 20a
Mch. 30
rec.
of rec.
1!Apr. 21
1 Mch. 24
I Holders of
1
May
May
Apr.
to
to
1
1
1
Mch. 18
Mch. 26
rec.
II Holders of rec.
to
10'Mch. 28
Apr. 10
1 Mch. 13
to
Apr.
1
1 Mch. 21
1 Mch. 23
to
Mch. 31
to
Apr.
1
14
Mch.
3
Apr.
April
14
1
14
14
4
14
2
T
14
3
14
(c)
(c)
Mch.
Mch.
April
April
April
Apr.
Apr.
Apr.
April
Apr.
Apr.
A pr.
14
14
May
2
April
24
Mch.
1
April
Apr.
Apr.
April
75c.
14
14
14
24
14
14
2
14
1
14
14
Apr.
April
April
April
April
Apr.
April
Apr.
Apr.
Apr.
Mch. 31
Mch. 13
to
1 Mch. 23
-1 Holders of rec.
to
1 Mch. 21
Apr.
L
'Mch.'30
1 Holders of rec.
6 Holders of rec.
to
30 Mch. 21
1 Mch. 22
to
1 Holders of rec.
Mch.
Mch.
Mch.
Mch.
1!
1 Mch. 20
30
1
30
30
30
1
Mch. 26
Holders
Holders
Holders
Holders
Holders
Mch. 23
Mch. 23
Mch. 23
Mch. 26
Holders
Mch. 22
Mch. 22
of
Mch. 23
Apr.
1
Mch. 25
Apr.
1
Mch. 31
Apr.
1
Apr.
Apr.
1
1
Mch. 30
rec. Mch. 27 a
to
Apr.
1
to
Apr.
1
Mch.
Mch.
Mch.
o1 rec. Mch.
of rec. Mch.
of rec. Mch.
Mch.
to
to
Apr.
Mch.
to
Mch.
to
of rec Mch.
to
of
of
27
31
31
30
’Mch.31
to
1 Holders of rec.
to
l Mch. 22
1 Holders of rec.
to
LMch. 28
to
30 Mch. 22
l Mch. 21
to
to
LMch. 21
to
LMch. 26
to
1 Mch. 23
1 Holders
LMch. 24
Mch. 21
1
(quar.)
—
6
4
1
Hccker-Jones-Jewell Milling, preferred..
Inlemat. Buttonhole Machine (quar.)
International Nickel, preferred (quar.)..
International Paper, preferred (quar.)..
International Silver, preferred (quar.)..1
Int. Smokeless Pow. & Chem.,com. (qu.)
rec.
rec.
1
1
30
30
30
to
1
Apr.
to
1
Apr.
10 Apr.
to
6
Apr.
to
Mch.
30 Mch. 21
to
1 Mch. 26
Apr.
1 Holders of rec. Mch.
I
to
30 Mch. 21
Apr.
to
Mch.
1 Mch. 19
1 Holders of rec. Mch.
Mch.
30 Mch. 16
to
Mch.
30 Mch. 16
to
1 Mch. 19
to
April
to
1 Mch. 12
April
1 Mch. 12
to
April
1
31
30
29
30
23
23
31
1
31
31
22
1
1
9
31
1
20
1
31
23
31
31
1
1
1
'
20 Apr. 16
1 Mch. 27
to
Apr'21
to
Apr.
1
11Holders of rec. Mch. 16
5 Apr.
to
Apr.
5
3
1 Holders of rec. Mch. 23
Mch.
23
1 Holders of rec.
27 May 11
May 26
to
22 Apr.
Apr. 21
2
to
1 Holders,
30 Mch. 21
15 Holders
1 Mch. 23
15 Apr.
5
15 April 6
lMch. 16
LMch. 17
LMch. 17
2 Mch.
3
15 Mch. 18
LMch. 16
15 Holders
15 Holders
15 Mch. 31
of rec.
to
of rec
to
to
to
to
to
to
to
to
to
of
of
rec.
rec.
to
Mch. 15
Mch. 31
Mch. 31
Apr.
1
Apr. 15
April 15
April 1
April 1
April 1
April 2
Mch. 30
April 1
Apr. 10
Apr. 10
Apr.
15
Apr.
May
Apr.
Apr.
April
May
Apr.
4
2
Monotype Machine
Mackay Cos., com. and pref. (quar.) —
Manning, Maxwell & Moore, Inc. (quar.)
Massachusetts Gas Companies, common.
Mergenthaler Linotype (quar.)
Mexican Telegraph (quar.)
Michigan Light, common
Preferred (quar.)
National Biscuit, common (quar.)
Lanston
1
April
14
Apr.
April
1
Mch.
24
24
Apr.
Apr.
Apr.
April
April
April
Apr.
April
1
14
14
l
Common, extra
Nat Enam. & Stamping, pref. (quar.)..
National Fireproofing, pref. (quar.)
Nat. Lead, common (quar ) (No. 13)
National Licorice, preferred (quar.)
1
National Sugar Refining, pref. (quar.).J
New York Air Brake (quar.)
j
New York Dock, preferred
I
N.Y.&N.J. Telephone (quar.) (No. 94)
Nova Scotia Steel & Coal, common
24
l
1
Apr.
2
Apr.
2
Apr.
14^ Apr.
14 Apr.
2
Apr.
14/ Apr.
14 Apr.
6
Apr.
14 Apr.
14 Apr.
12
Apr.
Preferred (quar.)
Pennsylvania Salt Manufacturing
Peoria Light, preferred (quar.)_
Pittsburgh Plate Glass, common (quar.)
Preferred (annual)
Quaker Oats, common (quar.)
Common, extra
April
| April
j
i
Railway Steel Spring, common
1
Realty Assocbites, Brooklyn (No. S)
!
Reece Buttonhole Machine (quar.)
j
Republic I. <fc Steel. pref.(quar.) (No.24)
Preferred (extra)
:
Rhode Isl.Perkins Horseshoe, pf. (quar.),
:
30
30
1
1
1
1
1
30
15
1
1
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
Mch.
16
16
16
16
27
27
27
Mch. 30
Holders of
1
15
15
1
Mch. 16
7
Holders of
Holders of
Apr.
2
Mch. 18
to
to
to
to
to
rec.
to
to
to
Apr. 11
1 Mch.
to
to
to
rec.
rec.
to
to
Mch. 15a
Apr. 15
Apr. 18
Apr. 18
Apr. 18
Apr. 18
Mch. 23
5
Apr.
Mch. 31
Mch. 31
Mch. 15
1
Apr.
Apr. 15
Apr. 15
Mch. 9
9
Apr.
Apr. 28
1
April
April 1
Apr. 25
Mch. 31
Mch. 15
Apr. 10
Apr. 10
Mch. 31
April 1
Apr. 28
Apr. 15
1
Apr.
Mch.16a
Mch. 15
Mch' 15
1
Apr.
Mch. 26
Mch.22a
1
Apr.
Mch. 14a
Mch. 31
Mch. 31
1
Apr.
1
Apr.
1
Apr.
1
Apr.
1
Apr.
Mch. 31
Apr. 5
1
May
Mch. 31
1
Apr.
Mch. 20
April 30
Apr. 15
Mch. 30
1
1 Mch
to
17
April 1
to
Mch. 31
30 Mch. 17
to
16 Mch. 31
Apr. 16
1 Holders Of rec. Mch.2Qa
1 Holders Of rec. Mch.20a
to
15 Mch. 29
April 1
to
15 Mch. 29
April 15
to
1 Mch. 13
April 1
1
15 Holders Of rec. Apr.
to
Mch 21
1 Mch. 16
to
Mch. 30
30 Mch. 26
to
2
2 Mch. 20
Apr.
to
22 Apr.
6
Apr. 21
1
15 Holders of rec. Apr.
5
15 Holders Of rec. Apr.
rec.
Mch.
Holders
31
15
Of
15 Holders Of rec. Mch. 31
lot Holders of rec. Mch. 30
15 Holders of rec. Mch. 30
to
15 Mch. 26
Apr. 14
1 Holders of rec. Mch.22a
to
1
1 Mch. 22
Apr.
to
1 Mch. 22
Apr. 1
6
April
10i nuiucm ui rev.
15: Holders or rec. April 6
4 Mch. 24
to
April [4
15,Holders of rec. Apr.
5
15 i Holders of rec. Apr.
LMch. 12
to
April
April
l|Mch. 12
to
14 'April
! April
5: Holders of rec. Apr.
14 ! Apr.
5! Holders of rec. Apr.
4 (Apr.
14 |Mch. 30 Holders of rec. Mch. 15
1 Holders of rec. Mch. 14
2
j April
! April
1 Holders of rec. Mch. 14
2
1
to
l! Mch. 17
Apr.
14 Apr.
to
1
1 Mch. 19
Apr.
14 Apr.
to
15 .4 pr.
Apr. 15
7
14 Apr.
to
Apr. 25
Apr. 25 Apr. 10
4
to
1 Mch. 16
April a 7
14 April
to
1
1 Mch. 23
Apr.
14 Apr.
to
7
1 Apr. 11
1
May
May
to
7
1
2
May
Apr. 11
May
to
Mch. 30
14 Mch. 31 Mch. 21
to
1
April 15
April 15 Mch. 16
to
1
1 Mch. 21
Apr.
4 Apr.
to
Apr. 10
3
Apr.
10; Mch. 31
to
10
Apr.
3
10j Mch. 31
Apr.
Mch. 31
to
1 Mch. 22
3
Apr.
Mch. 31
to
Mch.
22
1
34 Apr.
Mch. 31
to
4
Apr.
1| Mch. 22
to
1
1 Mch. 17
Apr.
14 Apr.
to
Apr. 29
14 Apr. 29 j Apr. 17
rec.
Mch.
30
2
15 Holders of
Apr.
2
15 Holders of rec. Mch. 30
Apr.
Mch.
20
9
Holders
rec.
of
15
Apr.
15' Holders of rec. Mch. 20
14
Apr.
1 Holders of rec. Mch. 21
14 Apr.
Apr. 25
26
i
Royal Baking Powder, preferred (quar.).
Safety Car Heating & Lighting (quar.)...
Extra
..;
Sears.‘Roebuck A Co.. preferred (quar.).
Sloss-Sheffield Steel & Iron, preferred ...j
Standara Milling, preferred.
'
Streets West. Stable Car Line., com. (quar.)
Swift <fc Co. (quar.)
Teftt, Weller Co., preferred (quar.)
Tennessee Coal, Iron & RR., com.(quar.)
Preferred (quar.)
Texas & Pacific Coal (quar.)
..j
Union Bag & Paper, preferred (quar.)..:
Union Ferry (quar.)
..j
Union Switch <fc Signal, common (quar.),
Preferred (quar.).
Union Typewriter, common (No. 11)
—
First preferred (No. 28)
Second preferred (No. 28).
j
United Bank NoteCorp.. pref. (quar.)..,
United Copper, common (quar.)
;
United Fruit (quar.) (No. 31)
|
United Gas Improvement (quar.)
j
United Shoe Mach. Corp., com. (quar.).
Preferred (quar.)
,
U. S. Finishing, pref. (quar.) (No. 31).. j
United Stales Glass (quar.)..
j
United States Leather, preferred (quar.)
U. S. Realty & Improvement (quar.)...;
Utah Consol. Mining of N. J. (quar.)
Extra
Va.-Car. Chem., pref. (quar.) (No. 46)
Vulcan Detinning, preferred (quar.)
Waterbury Co. of West Virginia (quar.).
Apr.
\Apr.
—
U. S. ReductionAWefinlng, pref.fquar.).
IT. S. Steel Com..com. (quar.) (No. 13).
U. S. Smelt., Ref. & Min., com. (quar.).
Preferred (quar.)
Mch.
14
14
Otis Elevator, common
Preferred (quar.)
—
Mch.
14
14
14
4
Preferred
Preferred, extra..
Apr.
Apr.
Apr.
Apr.
Apr.
14
24
14
4
Guggenheim Exploration (quar.) (No.l7i
Hall Signal, common
Preferred (quar.)
Preferred (annual)
Mch.
Mch.
2
1
.
Liberty National (quar.)
Amer.
to
April
April
Mch.
Books Clored.
Days Inclusive.
Miscellaneous (Continued).
1 Mch. 19
1 Holders
1 Mch. 16
15 Holders
15 Holders
15 Holders
1 Holders
31 Holders
April
Apr.
April
i Apr.
34 Apr.
14 'Apr.
Pittsburgh Bessemer & Lake Erie, com¬ !
pute. Ft. Wayne & Chicago, reg. (quar.) i
Special guaranteed (quar.)
A merican Express
American Ice Securities
Name of Company.
Days Inclusive.
i When
i Payable.
Per
Cent,
Books Closed
When
Payable
.
24
14
14
Pref erred
I
New York Central & Hudson Riv. (quar.)
New York & Harlem, com. and pref
New York New Haven & Hartford(quar)
Northern Pacific (quar.)
Preferred
729
THE CHRONICLE.
1907.]
Is Holders
14
14
4
14
14
$1 25
25c.
O
..
Waterbury Co. of N. J. (com. (quar.)..;
Preferred (quar.)
Western Union Tcleg. (quar.) (No. 154).!
Westinghouse Air Brake (quar.)
_.}
Westinghouse Elec. & Mfg. all stks.(qu.)
Westinghouse Machine (quar.) (No. 46)..
White (J. G.) & Co., Inc., pref. (quar.).'
14
1
24
2
14
24
24
24
24
14
May
April
Mch.
April
April
April
April
Apr.
Apr.
April
April
April
Apr.
Apr.
Apr.
Apr.
Apr.
April
of rec.
Nlch.
9
May
l
April 1
to
April 15
15 Holders of free. Mch.Ho
15 Holders of{rec. Mch.!l5
MchJ22
to
15 Mch. 16
1 Apr. 25
l Mch. 21
30 Mch. 16
15
15
20
1
1
1
15
10
10
10
10
1
Mch.
Mch.
Apr.
Mch.
Mch.
Mch.
Mch.
Apr.
Apr.
Mch.
to
to
16
31
to
to
Mch.]22
11
to
May
2
21
21
21
21
to
to
to
Mch
Mch.
Mch.
Mch.
31
31
31
31
1
1
to
to
to
Apr .115
Apr. 10
Apr. 10
Apr. 10
to
Apr. 10
1
Holders of rec. Feb. 28
31
to
.4 pr.
a Transfer books not closed,
b On account of deferred payments,
c Two per cent
declared, five-eighths thereof payable April 1 and three-eighths held up awaiting
outcome of legal proceedings,
e On account of accrued dividends Vo date.
/ Also
14% on common, payable Oct. 15 1907.
Clearing-House Banks.—
shows the condition of the New
banks for the -week ending March
23.
It should be distinctly understood that as to all items
except capital and surplus the figures are the averages of the
daily results, not the totals at the end of the week. In
other words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
Statement of New York City
The following statement
York City Clearing-House
We omit two ciphers (00) in
Banks
00s omitted.
Loans.
Surplus.
Capital.
all cases.
Specie.
Legals. Deposits,
a Re¬
s'rv e
.
$
2,000,0
2,050,0
2,000,0
3.000,0
1,500,0
1,000,0
25,000,0
3,000.0
600,0
Bank of N. Y_.
Manhattan Co.
Merchants’
Mechanics'
America
Phenix
City
Chemical
Merchants' Ex.
Gallatin
Butch.ADrove.
Mech.ATraders’
Greenwich
Amer. Exch...
Commerce
Mercantile
Pacific
Chatham
1,000,0
300,0
700,0
500,0
5,000,0
25,000,0
3,0(H) ,0
People’s
North America.
Hanover
Citizens’ Cent..
Nassau
Market & Fult’n
Metropolitan
Com Exchange.
_.
Oriental
Imp. & Traders’
Park
East River
Fo urUi
Second
First
Irving Nat
Bowery
N. Y. County..
German -Amer.
Chase
Fifth Ave
German Excb..
Germania
Lincoln
Garfield
Fifth
Metropolis
West Side
Seaboard
Bklyn
1st Nat.,
Liberty
N. Y. Prod. Ex.
New Amster...
State
500,0
450.0
200,0
2,000,0
3.000,0
2,550,0
500.0
1,000,0
2,000,0
3.000,0
750.0
1,500,0
3,000,0
250,0
3,000,0
500,0
10,000,0
1,000,0
250,0
200,0
750,0
5,000,0
100,0
200,0
200,0
500,0
1,000,0
250,0
1,000,0
200,0
1,000,0
300,0
1,000,0
1,000,0
1,000,0
1.000,0
$
2,543,0
3,905,0
1,998,9
2,989,0
3,583,0
1,851,0
32,904,4
4,752,8
1,064,2
736,7
504,8
$
$
2,912,2
2,908,8
1,537,8
3,624,6
4,080,5
416,6
21,629,3
5,315,0
499,5
2,390,4
153,8
339,1
698.6
4,802,4
14,295,6
4,903,6
784,0
1,029,1
469,5
2,246,0
8,173,0
879,0
346.7
1,486,1
890,7
4,834,2
1,204,8
6,993,1
8,213,7
16,667.0
21,230,0
11,760,3
19,605,0
21,328.9
7,680,0
154,991,9
25,364,0
5,739.3
7,898,7
2,378,9
6,100,0
5,672,5
27,122,2
135,396.7
22,728.8
3,242,4
5,688.6
2,200,1
16,080,3
54,081,7
18,765,7
3,525,3
7.230,4
118,0
3,101,1
4,436,1
1,894,9
831.4
944,6
1.467.1
1,334.5
450,6
1,718,0
852,7
1,303,8
687,0
2,266,5
626,5
262,2
611,4
1,014,2
3,293.8
200,0
1,014.5
17,553,3
2,482,2
338,7
632.1
338,4
2,183.2
9,633.2
9,865,6
1,102,4
372,2
881.4
260,4
1,226,0
6,377,4
1,414,4
479,9
657.2
1,184,6
2,106,4
1,543,8
198,8
3,917,0
387,3
4,066,0
14,715,0
4,178,0
219,2
144,5
2,964,0
1,160,0
13,981,2
3.315,2
715,0
2,036.0
1,220,0
1,682,6
6,326,0
10.074,0
78.541,3
15.146,7
3,500,0
5,198,8
3.779.7
47.822,9
10.487.9
3.391.9
4,929,7
12,523,9
7,855,8
3 060.2
9,884,5
4,467,0
16,647,0
4.843.0
12.048.9
6.043,6
4,811,5
12,546.0
1.873,7
19.909,9
523.6
779.9
831,5
604.0
877,0
1,771,3
144,8
610,2
75,8
822,0
2,683,9
374,3
10,548,3
35,788,0
9,964.1
24,182,7
70,184,0
1.263,5
18,006,0
$
1,180,0
835,0
530.5
85,0
458,1
200,3
818,8
586,6
935,0
610,8
1,575,2
1,512,9
916,4
813.0
12,637,3
2,371,8
185^0
1,448.5
575,5
696,2
621.0
3,567,0
604,0
2.161.7
$
14,696,0
23,687,0
12,863,5
19,109,0
22,411,5
7,185,0
138,226,9
24,479,6
5,702,6
5,385,1
2,112,5
6,971,0
5,913,2
18,770,1
109,369,5
17,460,5
3,607,4
5,696,4
2.388,0
14,663,2
61,697,1
17,484,3
3,925,2
6.909.2
10,296,7
40,802,0
9,767,6
20,819,0
76,846,0
1,483,5
19,671,0
9,547,0
60,776,4
15,019,9
3,825,0
5,990,3
3,728,4
51,373,2
11,352,1
4,183,3
6,084,1
13,011,2
7,890,3
3,170,5
9,277,0
4,759,0
19,679,0
4,588,0
10,357,1
6,959,0
5,130,2
15,044,0
1,661,0
2,231,0
1,051,7
2,135,0
2,200,6
105,0
7.014,9
'
312,9
204,6
1,268,0
515,0
1,816,0
334,0
478,6
1.330.5
623,8
437,4
352,8
195,0
3,479,0
%
28.6
25.9
23.7
26.8
25.8
27.2
28.8
26.6
21.1
25.0
27.4
24.3
20.5
22.9
25.0
20.5
19.7
26.5
25.0
23.1
25.9
23.2
22.7
26.7
22.3
25.1
19.7
25.1
24.5
24.5
25.4
24.9
25.7
25.6
20.9
22.9
27.L
26.1
26.0
26.7
23.7
23.7
22.3
24.5
21.1
23.8
27.3
20.4
25.4
25.4
19.0
24 4
125.800.0 155.480,7 1049.989,6 184,974.4 70,271,2 1002.144,6 25.4
Totals
City, Boston and Philadelphia Banks.—Below is
New York
summary of the weekly returns of the Clearing-House banks
of New York City, Boston and Philadelphia.' The New York
a
figures do not include results for non-member banks:
in all these figures.
We omit ttoo ciphers (00)
Capital
Loans.
Specie.
Legals.
Deposits, a
Circulation.
Clearings.
$
281,949,5
281.949,5
282,402,3
282.402,3
281.286.7
$
1083,460,4
1079,185.6
1066,956,9
1053,576,6
1049,989,6
$
190,145,8
189,065,2
185,456,7
183,454,4
184,974,4
$
75,419,2
74,401,4
71,566,3
70.572,3
70,271/2
$ •
1045.021,7
1038,431,8
1019,889,1
1003,974,4
1002,144,6
$
53,004,5
52,787,2
52,281,3
51,562,3
50.920,3
$
1,581,598,4
1,987,464,0
2,158,480,4
2,514.930.1
2.095.084.2
43,680,0
43,680,0
43,680,0
43,680,0
183,742,0
183,907,0
181,522,0
179,148,0
16,456,0
15,670,0
16,403,0
15,850,0
4,049,0
4,206,0
4,168,0
4,027,0
208,814,0
208.500.0
208,627.0
202,722,0
8,477,0
8,491,0
8,489,0
8,500,0
167.729,8
169,933,3
182,649.6
170,981.3
51,165.0
51,165,0
51,165,0
51,165,0
223,012,0
223,064,0
222,729,0
221,221,0
255,863,0 13,812,0
249,695,0 13,796,0
250,145.0 13,785,0
24V.048,0 13,956,0
169,739,7
141,250,0
144,706,7
155,794,8
Banks.
and
Surplus.
New York
Feb. 23..
Mch. 2..
Mch. 9..
Mch. 16..
Mch. 23..
Boston.
Mch. 2..
Mch. 9..
Mch 16..
Mch. 23..
Phila.
Mch. 2..
Mch. 9..
Mch. 16..
Mch. 23..
a
55,809,0
52,384.0
51,032,0
52,016,0
Including for Boston and Philadelphia the item “due to other banks” and also
deposits amounted on
Government deposits.
For Boston these Government
March 23 to $3,479,000; on March 16 to $3,478,000.
Imports and Exports for the Week.—The following are
the wreek ending March 23; also
the first week in January:
the imports at New York for
totals since the beginning of
FOREIGN IMPORTS AT NEW YORK.
For week.
Dry Grinds
.
.
Total
Since January 1.
General Merchandise
.
Total 12 weeks
1904.
1905.
1906.
1907.
General Merchandise
$4,687,839
16,111.624
$3,300,592
11,102,847
$3,044,331
10,219,739
$2,374,075
8,914,699
$20,799,463
$14,403,439
$13,264,070
$11,288,774
$50,106,131
162,934,044
$43,377,562
135,014.244
$38,054,971
141.107.617
$33,744,666
118.654.421
$213,040,175 $178,391,806 $179,162,588 $152,399,087
.
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 23 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
$12,690,296
137,647,217
For the week
Previously reported
1904.
1905.
1906.
1907.
$11,645,328
138.230,571
$9,212,177
112,737,110
$10,030,901
110,531,392
$150,337,513 $149,875,899 $121,949,287 $120,562,293
Total 12 weeks
table shows the exports and imports of
specie at the port of New York for the week ending March 23
and since Jan. 1 1907, and for the corresponding periods in
The following
1906 and 1905:
EXPORTS AND IMPORTS OF SPECIE AT NEW
a
a
[VOL. LXXXIV
THE CHRONICLE.
730
YORK.
Total of United States deposits included, $14,512,100.
Imports.
Exports.
Gold
Reports of Non-Member Banks.—The following is the
statement
week
of condition
of the non-member banks for the
ending March 23 1907, based
on average
daily results.
Banks.
Capi¬
Sur¬
tal.
plus.
Loans.
and
Invest¬
Specie.
'■
!
ments.
Century
Chelsea Ex..
Colonial
Columbia
Consol. Nat.
Fidelity
....
14th Street..
Hamilton
Jefferson
Mt. Morris..
Mutual
19th Ward..
Plaza
Riverside...
12th Ward..
23d Ward...
Union Exch.
York vllle
Coal & I. Nat
34th St. Nat.
Batt.Pk.Nat.
..
Borough of
Brooklyn
Borough
Broadway
Brooklyn
..
Mfre.* Nat..
Mechanics’..
Nassau Nat.
Nat. City...
North Side..
Uulon
Deposit with
Clear¬
Bank
Notes.
ing
Agent.
Other
Banks.
Ac.
S
100,0
200,0
$
174,7
154,0
103.7
100,0
100,0
427,8
300,0
442,3
1,000,0 1,108,2
144,4
200,0
1,000,0
424,0
200,0
243,3
500,0
642,7
250,0
219,5
200.0
286,5
200,0
260,7
100,0
342.9
100,0
101,1
200,0
211,3
174.6
100,0
839,6
750,0
100,0
384,7
500,0
575,6
200,0
206.3
2(H),0
119,2
i
$
927,6
1,432,6
1,150,5
4,441,2
6,099,0
6,646,1
1.070.6
6,844,5
5,022,8
4,191.4
2.627,3
3,509,9
3,407,1
$
11,9
25.0
68.0
83.7
267.0 1
808,6
13,8
203,8'
255.6
9.9
153.7
26.6
26,1!
3.974.0
275.0
1,907.7
2,438,0
1.753.0
8,643,4
3,405,0
4,432,0
1,339.5
704.3
39.0
60,8
381.1
45,2
608.0
344.3
83,4
16,0
Tot. Mch. 23
Tot. Mch. 16
Tot. Mch.
9
Since Jan. 1
Since Jan. 1
Week.
$754,673
331,087
1,033,634
$241,250
..
938,434
Germany
$200
.
$347,090
32
94.712
1,355,336
1,759
30,462
10,864
38,819
540.895
56.525
$1,702,426 $1,222,801
3,652.375
917,302
974,432
30,958,071
$2,850,345
1.421,959
3.17S.938
...
$200
Total 1907
Total 1906.
Total 1905
.
1.069,000
Silver
$
40,4
62,3
44,3
338,9
228.0
140,0
67.0
312,2
209.1
286,7
86,5
426,3
326,7
247,0
118,1
210.0
162,1
224,6
400,2
183.0
6,4
35,8
$
70,0
71,2
92,3
553.5
497.0
353.5
69,8
318,5
211,4
174,5
348,0
95 ,7
955,1
138,0
135.7
175,0
111,7
621,9
164,6
566.0
60,1
62,6
'
$
$
756,0
1,373,3
25,9
141,1
1,194,3
214,8
5.152.0
6.486.0
220,0
5,140.8
1.019,6
377,9
6,881,9
475,8
5,755,9
132,3
3,952,1
58,2 3,136,3
11.4
3,580,2
4,643,8
260,0
4.154,0
98,2
2,118,3
2,780,0
110,5
2.059,2
7,864,6
3,924,5
56,5
60,0
4,060,0
12,6
1,410,3
1
581,9
$1,079,372
Great Britain
France
Germany
.
.
.
West Indies
Mexico
South America
All other countries.
.
2,056
$1,022
$9,314,894
273.000
$58
2,668
9,703
3,577
18
1,000
31.885
.
1.786
Total 1907
Total 1906
Total 1905
$1,081,428
965,059
766,001
$9,622,565
13,843.066
8.822,001
$16,024
51,660
37,496
58
27,041
204,269
269.637
4,274
$506,303
575.441
606,202
Of the above imports for the week in 1907, $245 were
American gold coin and $543 American silver coin.
Of the
exports during the same time $200 were American gold
coin and $600
were
American silver coin.
daubing aud financial.
-
200,0
150,0
300,0
252,0
1,000,0
156.3
405,4
152,8
704.0
896.5
918,2
614.3
212,5
1.026,9
750,0
300,0
100.0
1,000,0
2,980,0
2.S14.7
1.933.1
4.703,4
10.810,2
6,140,0
3.185,0
1.731,0
10,237,0
40.6
13.6
118,2
483.5
252.5
207,0
128.0
23.0
356.0
4,180,5
2,596,4
1,889,2
186.3
86.3
199,0
187.4
190,2
184,1
134,3;
79,1
263,0
34.4'
131.9
567,9
416,0
356,0
105,7
713,0
582,1
989,3
801,0
523.0
46,9
3,023,0
70,0|
3,275,7
2.873,1
2,162.3
144,4! 4,973,7
160f6! 12,447.0
1
5,405.0
79 ,o: 3,660,0
186,6' 1,847,1
1.257.0 14.226,0
i
400,0
250,0
200,0
1,160,3
712,0
341,2
311.1
68,0
107,0
58.2
3.750,2
164,6
354.8
385.0
101.0
30,0
i
110,0,
125.0;
2.407.9
1,007,3
11737,0! 15659,7 133243,2
11737.0| 15659,7 134726.6
11737,0,15659.7 135461.9
1
1
126,8
20,4
163,6
66.2
42.6
58.4
5.952,7 7.460.7, 16.940,3
6,195.9: 7.549,2 17.316,4
6.077,51 7.390,3 15,253.0
t
1
j
trust
describing 57 Short-Term
copies of our 10-page
Notes and Collateral
Bonds.
Spencer Trask & Co,
Branch
Offioe, Albany, N.Y. Will! am and Pine St8., New York
7,331.1
2,181,0
2,086.4
1
580.3
191.9
We shall be pleased to mall investors
circular
.
Jersey City.
First Nat...
Hud.Co.Nat.
Third Nat
Hoboken.
First Nat
Second Nat.
Net
Deposits.
;
N. V. CUv.
Boroughs oj
Man.ABr'x.
Wash. Il’g'ts
Legal
Tender
and
Great Britain
France
W7est Indies
Mexico
South America
All other countries..
We omit two ciphers (00) in all cases.
i
Week.
86,Sj
2,048,0
87.7
1,606,6
5.012.0! 144154,6
4.880.8, 146865.6
5.062.6j 145369.7
Moffat
&
White
Members New York Stock Exchange.
5 NASSAU STREET.
HANOVER BANK BUILDING
Dealers in Investment Securities*
COMMISSION ORDERS EXECUTED FOR CASH ONLY
Mar. 30
731
THE CHRONICLE
1907-1
For Dividends see page
728
Friday Night, March 29 1907.
Wall Street,
bonds, which was more active than usual and irregular
during the early part of the week, has become relatively dull
and narrow.
A few issues are fractionally higher but a
large proportion of the active list is down an average of about
one point.
Convertible issues have been weak features,
but declines are by no means limited to this class of bonds.
United States Bonds.
Sales of Government bonds at the
Board include $1,000 3s coup. 1908-18, at 103%, $5,000 4s
coup., 1925, at 130% and $15,000 4s reg.. 1925 at 130%.
The following are the daily closirtg quotations; for yearly
way
^Bankers’ (Gazette.
Money Market and Financial Situation.—Influences
recently caused an almost unprecedented decline in
Exchange values have been more or less effective
throughout the week. They were decidedly so on Monday,
when of a list of thirty prominent and active stocks, fifteen
The
which
Stock
decline,
made a lower record than on the previous sharp
March 14th.
Since Monday there has been a fairly
tial recovery and a somewhat more hopeful
substan¬
feeling in the
Street.
The latter is stimulated by the action of the Secre¬
tary of the Treasury in depositing customs receipts in
national banks, by the judicial decision in Minnesota de¬
claring that the Great Northern Railway has a right to issue
the proposed $60,000,000 of new stock, by some abatement
of the tension that recently existed in financial circles abroad,
by the engagement of $1,625,000 gold in London for ship¬
ment to New York, and by easier money market conditions
here.
Moreover, the fact that no failures of Stock Exchange
houses have resulted from the enormous shrinkage of values
during the past three months is regarded with favor.
On the other hand, some of the railway traffic reports
range see
third
page
following.
March March
27
:
28
March
*1044 j*1044 *1044 1*1044
*1054 *1054 *1054 *1054
*1034 1*1034 *1034 *1034
*1034 *1034 ! 1034 *1034
*102 4 *1024 *1024 >1024
*1004 *1004 *1004 *1004
*1014 *1014 *1014 *1014
*1304 *1304 *1304 1304
1304 *1304
*130-4 *1304
*1044
*1054
*103 4
*1034
March i March
Iliter eel
Periods
i
23
25
i
i
March
26
29
.
1930
.registered Q—Jan
1930
coupon; Q—Jan
1908-1918
registered Q—Feb
1908-1918
coupon Q—Feb
1908-1918. .small coupon Q—Feb
1907
registered Q—Jan
coupon Q—Jan
1907
1925
registered Q—Feb
1925
coupon Q—Feb
1936 Panama Canal coup! Q—Nov
2s,
28,
3s.
3s,
38,
4s,
4s,
4s.
4s,
2s,
*
This Is the price
*1047*
*1053*
*103 3*
*1034
*1024
*1004
*1014
*1304
*1304
bid at the morning board: no sale was
102 4
*1004
♦
*1014
4
*1304
*130
made.
Stocks.—The stock market
has been more active this week than last, and prices have
fluctuated more widely.
The daily transactions have aver¬
recently given out show a considerable decrease in net aged about 1,250,000 shares, those of nearly 1,700,000 shares
earnings, and the threatening attitude of railway labor in on Monday being offset by the small aggregate of to-day.
certain sections of the West is causing more or less uneasiness.
Practically tin1 entire list has covered a range of from 3 to
The:open market rates for call loans on the Stock Ex¬ 19 points within the week, and a majority of net changes
change during the week on stock and bond collaterals have are to a higher level, notwithstanding the heavy decline of
ranged from 2% to 14%. To-day’s rates on call were Monday noted above.
~%@5%. Prime commercial paper quoted at 6@6%%
Canadian Pacific has been the most exceptional feature.
for endorsements and 6(2>6%% for best single names.
It sold at 155)4 on Monday and 182)4 to-day—an advance
The Bank of England weekly statement on Thursday of over 27
points. Other trans-continental stocks have
showed a decrease in bullion of £1,137,614, and the per¬ been
notably strong, including Union Pacific, Northern
centage of reserve to liabilities was 40.95 against 44.00 Pacific and Great Northern.
Delaware & Hudson and
last week.
Reading both close 13 points above the low price of Monday
The discount rate remains as fixed Jan. 17 at 5%.
The and
Illinois Central 11% points.
Bank of France shows a decrease of 6,250,000 francs in gold
The copper stocks sold down on a decline of the metal,
and "975,000 francs in silver.
but all except Amalgamated close higher than last week.
NEW YORK CITY CLEARING-HOUSE BANKS.
United States Steel common is fractionally lower, and the
•I
Differences
preferred
is over a point down.
1906.
1905.
;
from
1907.
For daily volume of business see page 739.
5.
March
2
March 23.
previous week.
j March 25.
The following sales have occurred this week of shares not
$
i
$
$
$
represented
in our detailed list on the pages which follow:
116,472,700
115,972,700
125.800,000
Capital
Surplus
.
_
1,049,989,600
Circulation
50,920,300
al002,144,600
184,974.400
70.271.200
deposits
Specie
Legal tenders
Net
Reserve held
25% of deposits
137,656.500
1,109.701.700
145.655.100!
155.486.700
Loans and discounts...
Dec.
Dec.
Dec.
Inc.
Dec.
3.587,000 1.029,333.600
51,359.700
642.000
43.059.800
1,829,800 1,013,071,300 1,150,661,900
210,350.200
182,424,500
1,520.000
77,207,100
83,794,600
301,100
1,218,900
457.450
255,245,600 Inc.
250,536,150 Dec.
Railroad and Miscellaneous
259.631.600
294,144,S00
253,207,825!
287,665.475
Alice
for
March 29.
Week.
420
100
Mining
Amer Teleg & Cable
Assoc Merchants. 1st
pfd
Bethlehem Steel.
Preferred
Cleveland <fc Pittsburgh.
Comstock Tunnel
Detroit & Mackinac, prof
Distill of Amer, pref.
Federal Sugar, pref
Gen Chemical, pref.
Hocking Valley, com
_
1.676.350
4.709,450;Inc.
Surplus reserve
6,303,775'
6,479,325
1
..
$14,512,100 United States deposits included. ajaHnst $14,583,400 last week and
$11,815,200 the corresponding week of 1900.
With these United States
eliminated, the surplus reserve would be $8,337,475 on March 23 and $0,078,950
on March 16.
.Vote.—Returns of separate banks appear on the preceding pace.
a
deposits
market was active and higher
at the beginning of the'week, owing to unsettled conditions
abroad, later falling because of largo offerings of security
bills and the successful adjustments on the foreign bourses,
Foreign Exchange.—The
by the close on easy money.
To-day’s (Friday’s) nominal rates for sterling
were
4 SO for sixty day and 4 84% for sight.
and it recovered
exchange
To-day’s
(Friday’s) actual rates for sterling exchange were 4 7875(g)
long, 4 8310(3)4 8315 for short and 4 8390(3)4 84
for cables.
Commercial on banks 4 7830(5)4 7840,and docu¬
ments for payment 4 77%(5j4 79%.
Cotton for payment
4 77% @4 78%, cotton for acceptance 4 7830 @ 4 7840 and
grain for payment 4 79(3)4 7934.
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 2634©5 2554 for long and 5 23%d(a)5 23 34 for short.
Germany bankers’ marks were 93 7-16(3)9334 for long and
94 3-165(5)94 3-16 for short.
Amsterdam bankers’ guilders
4 79 for
39 81(3)39 83 for short.
Exchange at Paris on London to-day 25f. 29c. Week’s
range 25f. 3034(‘- high and 25f. 29c. low.
The week’s range for exchange rates follows:
Cableswere
-Shorl-
-Long
Sterling. Actual
@4 7935
<34 7870
Paris Hankers' Francs—
.5
®5 25%
263*
High
@5 255*
.5 263*
Low
Germany Bankers' Marks—
93 3*
@ 93 9-10
High
(a)
93'*
93?*
Low
Amsterdam Bankers' Guilders—
@
High
@
Low
.4 7925
.4 7865
High
Low
-
.
-
Less:
Plus:
1-16 of 1%
k 1-16 of 1%.
a
!4 8365
I 4 8310
15 233*a
(35 22 J*
@5 233*
|
|
@
@
94 5-16
94 3*
®
@
39 83
15 233*
94 3-16
94 3-16
|39 13-16
139 81
d 1-32 of 1%.
x
(34 8375
@4 S315
1-32 of 1%
14 8435
4 8390
@4 8450
@4 84
397*
1) 3-32 of 1%.
y
3-32 of 1%.
exchange on
Savannah
The following were the rates for domestic
New York at the undermentioned cities to-day:
buying 50c. per 81,000 discount; selling 75c. per $1,000
premium. Charleston selling $1 per $1,000 premium. New
Orleans bank 75c. per $1,000 discount; commercial $1 per
81,000 discount. Chicago 25c. per $1,000 premium. St.
per $1,000 premium.
San Francisco 40c. per
premium.
State and Railroad Bonds.—No sales of State bonds have
been reported at the Board this week.
The market for rail¬
Louis 30c.
$1,000
Ingersoll-Rand
..
.
Manhattan Beach
N Y & N J Telephone...
Range since Jan.
Range for week.
Sales
STOCKS.
IFcefc ending
Lowest.
Highest.
Lowest.
Mch
Mch
Mch
Mch
200 100
11
300 45
134160
Mch
26 100
26 12>* Mch
23 49
Mch
Mch
25160
1,500 27c. Mch 28 30c. Mch
Mch
Mch 25 90
50 90
Mch
Mch 23 72
100 72
Mch
Mch 23 80
100 80
Mch
99
500 973*Mch 25
Mch
Mch 28 80
100 80
100 4 9 3* Mch 23 497* Mch
4
Mch
Mch 28
4
100
Mch
Mch 26 112
470108
Mch 23
5
57* Mch
850
Mch
Mch 25 20
700 18
Mch
Mch 28 125
10 125
Mch
Mch 27 19
200 19
■
Ontario SilverMining..'.
Peoria & Eastern
Rome Wat & Ogdensb..
St Jos & Grand Island..
St L «fc S F—C & E Ill
Mch
60
new stock trust certfs s 30.000
So Ry—M & O stock
Mch
400 85
trust certificates
900 $2.40Mch
Standard Mining
Mch
210 87
United Cigar Mfrs, pref.
100 1013* Mch
U S Leather, pref
Mch
50 85
Vandalia
26
65
11
28
28 45
25 160
27 23c.
25 90
23 72
23 76
26 973*
28 80
23 49'*
4
28
29 108
23
47*
28
18
28 125
27 19
Mch
20
60
Mch
26
85
25
90
26
$2.60Mch 25
23
20
25
89
Mch
23
Mch
25
Feb] 857*
Mch 1023*
Mch 115
Mch 60
5
Mch
Mch 115
Jan
8?*
Mch 30
Feb 125
Mch 19
Mch
71
Mch
97
Jan
Feb
Mch
Jan
Jan
Feb
Jan
Feb
Jan
Feb
Feb
Jan
Jan
Jan
Jan
Feb
Jan
Feb
Mch
■
Jan
$3.70 Jan
Jan
Mch 947*
$2.40 Mch
S7
1013* Mch 26 1013*
85
1.
Highest.
Mch $77*
Mch 88
Mch 1067*
Mch 207*
Mch 65
Mch 175
Mch! 50c.
Feb 90
Mch 75
$4
75
26 100
$45* Mch 29 $5 Mch 27
SO 3* Mch 26 807* Mch 26
1,490
i
85
Outside Market.—The market for unlisted
Mch; 112
Mch 93
Jan
Jan.
securities suf¬
sharp break at the beginning of the week, but the
turn in sentiment on the Stock Exchange also brought im¬
provement on the Curb, leading to a substantial recovery
throughout the list. The copper stocks were especially
prominent, United Copper common, after a slump from 65%
to 52%, moving up to 59,the close to-day being at 58%.
A
quarterly dividend of 1%% was declared, placing the stock
fered
on
a
a
regular 7% basis.
Butte Coalition dropped from 29%
19%, advanced to 27% and closes to-day at 26%. Greene
Cananea, after a decline from 15% to 14,ran up to 16,closing
to-day at 15%. Greene Consolidated Copper lost about 3
points to 20% But recovered to 23%. Boston Consolidated
Copper went down from 26% to 20%, reacting finally to
23%. Davis Daly Estates from 14% went down to 12 and
up again to 13%.
Nevada Consolidated Copper declined
from 14% to 12 but advanced again, reaching 14% to-day.
Trinity Copper lost 8 points to 15 but reached 25 to-day.
Newhouse moved down from 21 % to 18%,then up to 21%.
Nipissing was active and from 12% declined to 10%, recov¬
ered to 12% and ends the week at 12%. Among industrials,
Standard Oil was conspicuous for a break from 507% to 49-1,
but closed to-day at 499%.
Waterbury Company common
from 50% advanced to 54 but later sold down' to 52%.
Chicago Subway fluctuated widely; after dropping from 16
to 14% it moved up to 20%, the closet to-day being at 19.
A decision in favor of a stock issue was followed by a drop in
Great Northern “rights” from 14% to 9%, owing to the
necessity which this involved of the early payment of sev¬
eral installments of the subscription price;' the close to-day
was at 10%.
Outside quotations will be found on page 739.
to
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
OCCUPYING
STOCKS—HIGHEST AND LOWEST SALE PRJC ES
March 23
W
Tuesday
March 26
Monday
March 25
Saturday
ednesday |
March 27
PAGES
STOCKS
trldav
Thvrsaau
TWO
j March 2S ] March 29
NEW YORK STOCK
EXCHANGE
Sales o,
the
Week
Range lor Year 1907
Range lor Prevxovt
On basis of 100-share coO
Year (1906/
Lowest
share*
ltn.il road*.
S8l«
94
9j% ion
94 %
*ft? *>i
95 \
90
51 v<
49%
*80
*liO
*
155
*60
170
ysia
10 l4
92
93 %
04%
09
90
87
05*4
4
46*8
yyl<
36%
1 6
50
15
♦
13 %
i« %
*75
*
61 V?
If* *2
*75
64
‘JO
87*i
5034
128
139 \
88
160
63
1G5
39*4
15%
50
12 Si
77
*
13*4
77
*61*2
0t*2
17*v
122*2 128*i
17
1 ■_,S%
148
127
87 *v
128
*00
189 4. *110
85
*
100
155*4
G9
*60
170
1G5
•
*145
•113
130
140
82%
118
13 J *,
143
14;>
114
148
116
131
131
137*2 14234
*190
201
120
130
180
*150
180
10
*5
10
*2 13 V.
12
12
5
4 8
4*2
14
12*4 12*i
7o
6476 09%
100
*101
109
•130
*160
*5
.
iu)
13
5
*lu
70
•lot
-
25%
2j%
;go
22*2
6i
*59
44
-47
50
170
172\
460
465
71
28 4.
73
«70 4
13%
70 H
13 4/
281?
62
46
169
450
28*2 28*4
16/
450
69*b
09%
67
13
20
20
6 7
13
20
23%
24*1
68
yoi4
37*i
23*2
25*i
57
68 *i
36H.
*63
•85
3434
70
*63
*65
126
60
90
132*4 137*4
68
69%
iu
10
37
72
*
*
9*b
*
90
84
86
135
130*1
23 4l 24*4
65 4* o7%
19
*31
•73
21
62
18
19
*2
6o
1 /
*60
10
37*i
%
‘15
85
1934
45
60%
23
*10
60
(.0
*60
*50
108
129
18-4
*45
*80
09
00
05*i
18
34
76
21%
30*8
*73
*50
112 % 114
132
13 3 **i
04*10
li#%
*50
52
*8.>
36*2
70
90
134
67
134*2 136*4
2J*s 24
34
76
21
51
*
20
8 l
*
*95^, luO
_^r
*
25%
23
60
60
112
132
19*4
52
90
90
128
yy% ioo*i
128
130
123
33
34*4
ol*2 3334
63
63 *v
60
63
70% 71*4
6 3*4
70%
*118
122
*118
125
48*4 40
40
49 %
*20*4 23 *vi *20*4 23*8
115
116 4
112% 116*4
35 % 3 i *-j
36
37%
*1iO
120
loo
loO
75
*17/
180
174
176
36
36 *i
34*2 36**
73
75
72
73U
*75
00
118
121 *i
U4* 119
116
iiy% 111
1 1 534
02
92
*92
98 '
*90
*90
lo5
105
*02
100
*92
98
118% 120% 116*2119*4
6‘J% 69a4
68
68
*03
100
*93
100
0734 100
9134 9934
*
20
20*4
46
45*2
......
*
60*4
20%
45*,
60*4
35
20
34 >2
2o34
50
70*4
19*2
45*4
49
......
35
*18
48%
76%
114 *a
20 4
72
18
41
21
72 *4
26*8 27*v
110
107
25
25
27
49*4
27
50*4
72%
113
1934
70
24%
101
I9*a
78*4
11334
20 %
72
26
106
24% 24%
28
49*8
28*2
49%
8434
88
92
94
93
87
89%
02*4 93
97*2 100
95
98
Rid
Tniw
...
....
....
170
320
!l08%Jan
7 | 85% Ma> 110% Sep
......
....
......
....
....
.
....
•
......
......
......
......
......
......
8
|
......
.
4
.
...
Bid
Banks
AND
Ask
410
145
City
12 ft o
CoaL <& Iron. 230
700
Colonial!
250
...
500
525
Commerce... 1167
Consolidated 150
16<»
295
.305
C’ruExchlJ
150
160
Discount!...
East River.. 150
160
Fidelity! .... 200
Fifth Ave!. 3900 4200
Bin and asked prices; no
..
...
.....
TRUST COMPANIES—BROKERS’ QUOTATIONS
Banks
Bid
Fifth
First
14th Street!.
Fouith
".
Gallatin
Garfield
German Am1|
340
650
225
185
t365
500
145
Ex!
Germania!
Greenwich !
Hamilton!
435
500
280
250
500
550
German
..
..
Hanover.!...
Imp A Trad.
Ask
300
195
Banks
Bid
160
J edersou!...
200
Liberty
509
216
510
.....
Lincoln
526
155
315
175
Banks
Bid
Metropoli’n!
Morris!.!
240
i05
....
Ask
Bid
Banks
230
Park
440
300
People’s!
Phenix
160
670
Plaza!Prod Exch!
L65
250
Riverside!
Seaboard.... 350
Second
700
172% Pacific!
Mutual!.....
Nassau!
Mt
1100
315
Manhattan!. 305
Market <fcFul 260
208
Mechanics’
230
240
Mech A Tra| 170
l7o
Mercantile..
260
Mercli Exch.
LOO
Merchants’.. 160
170
Metropolis'!. 390
.
295
Ask
Interboro!.< 150
IrvingN. Ex. 175
sales were made on this ilay. $ Less tlian loo shares. t Ex-rights.
t Bale at Stock Exchange or at auction this week,
c Ex beneficial interest in ore properties,
82% Marl 4
92
94
......
Columbia!
130
330
*%
.
Citizens’ Ctrl
225
526
245
03
*
Chemical.... 390
TOUK
Aetna
215
America Ii
500
Amer Exch.. 235
Astor
750
Battery Park 120
320
,Bowery|'
iButch’s A Di 160
*CenturyA|.... 190
'Chase
5290
'Chatham
310
Ohelsea Exc! 195
*
Ask
90% A tch. ToDeka&Santa TV 226,655
95 4 95%
3,465
Do
pref
! 0,345
974101% Atlantic Coast Line HR..
90
98
59.917
Baltimore «fe Ohio
I > Do
500
*874 90
pref
50
53 % Brooklyn Rapid Transit..
67,360
88
88%
93%
97 *4
96*4
90
Mar2t, j I01°(j «T*m il Ii93
Jan
Dei 100
Mar 20 i 133%Jan 6 1131 % J’ly 16/% Jan
97%
98*4
12ft
95
90%
Mar2.
lu;>%
Ma\
j
122
Jan
6
sep
%
91*8 95
87
91
Oct
Mar 25 j 94 % Jan 10
99 % J an
*85
*874
88*v •87*2 90
71
48 4 50
45*4 Mar u ! 83% Jan 7
J’ly 94 % Jan
49 s 513s
47*8 50
95
Mar 14 |llt»
Nov 153 *2 sep
*95
*90
128
128
*90
Buffalo Rochester & Pitts
Jan 2*> 12 4
*90
128
128
135
Jan
4
*110
♦110
139
4
Do pref
1394
♦110
139*2
j 135 Jan 4 io9% No' iftO Dec
139*2 *110
*
*
*
83
Jan
85
83
Feb 1*
87
Feb
85
85% Feb tBuffalo <fc snsque, pref...
85
85
Mai 23 ; 195% Jan 4 ! 55% Maj .01 % Deo
107
182 4 / lanadmn Pacific
186,968 ls>5
165
168*2 106*8 167%
167*2 165
V > an ad a Southern
60
Marin
65 % Jan 14
6.) % J’iu
*60
63
•60
62 4
*60
82 8,
70% Jan
*61
62
1S5
Mar JO 219 % Jan 2 204
175
*170
1,035 165
175
173
175
Central of New Jersey.!..
May 239% May
170
173
!
56
Jan
51
38
28,756
%
Nov
30% Mar25
65% Aug
4 40%
40% 41% Chesapeake A Ohio
38*2 40%
3634 3934
25 % Sep
1,200 t4% Mar 7 27%Jan f>
*15
10*4 16%
164 164 Chicago <fc Alton RR
3:5% Oct
18
15% 15%
*
*
♦
5y
70
Mar 19
Dei
69
Jan 6
7 / *4 Oct
69
*.
69
59
Do pref
59
J’n*
16
13
23% Jan
13=8
13% 13%
13% 14
12*4 13
Chicago Great Western.. 10,600 12% MarJO 18 Jan v
*
79 % Sep
Feb25
86Jan
*75
76 4
75
76 4
76% Marls 79
Do
*75
76*2
4 p. c. debentures
76*2 *75
1)U(
loo 61 % MariO '71% Feb 14
70
*59 4 02
*59 4 62
80
Jan
5 p. c. pref. “A”..
61 *2 61 4.
Do
*59*2 63
24
Mar
2
5
17
18
1,885
18
18
19
26*8
Jun
0
%
Xo'
17
4 18%
18-a
Do 4 p. c. pref. “ B”..
39% Jan
18*2
129 4 128 4 132% CliicaKO Mllw. <fc St. Paul. 104,470 122 % MarJ; 157 % Jan 14 4140 % Dec 199 % Dec
125
130
12->*2 13L% 127
Mar 25 165%Jan f X160 Dec 213
147
148
149
3,705 145
Aug
Do
148*8 140
145*2 147*2 147
pref
Jan 14
Mar 2 6 141
3,017 112
Do
112
11641174
116% 116*2 1 16*2 116% 117
com.ctfs.lO%paid
MarJ
149
Jan
15
6
131
4,625 129
1‘29
132
132
131
i3o% ; a i
131%
144 ’ 147
145
148
144
147
141
L45
Chicagodfc North Western 2y,061 137 % Mar Ji 205 Jan 10 192 Ap: 240 Jan
207
Mar 11 234
Jan 10 225
Mar
Aup 270
J’ne 198
Mar 2 5 l7o
Jan h 168
124
129
132
2,467 L20
Jan
1.2(3
132
Chic. St. P. Minn. & Orn.
120*8 127*2 130
160
Jan Ifc 165
N ov 202
Jan
♦150
*150
Jan 19 17ft
180
180
Do
*150
*150
180
180
pref
*
7
100
Mar2.v
5
5
•5
*5
5
8
9% Feb 21
9% Apr 18% Jan
8
Chicago Term’1 Transfer.
9
Mar^7
25
Dec
*10
*6
10
25
9
15
2,600
Jan 11
*10
20
11
42% Jan
Do pref
;
4
Marl 4
4
44
1,900
5%Jan 9
3% May 13% Fed
4% Chicago “Union Traction.
4%
434
4*4
4%
4%
13
13
12 % 13
14
13
2,000 ll%Marl4 ly%Jan 9
13% 14
11% J’ly 47 % Mai
Do pref
65 4
MarJ*
89
Dec 109% Jan
70
66
70
69
67
6,220 63
63
67
92% Jan 7
Cleve. Cln. Chic. <fe St. L.
*100
1U6
Feb 21 108%Jan 7 110
*99
111
*100
*100
109
100
100
Do pref
J’ly 118 Jan
41
Oct
19,700 22% Mar26 38%Jan 8
29% Jan
23% 26% Colorado & Sonthern
2234 24*2
24*8 24*2
23% 24%
66 % Apr
50
59
73 % Feb
59
1,098 58% Mar26 69 %J an 7
59%
69*4 •58
Do
08% 5834
1st preferred ....
43
Mar25
*45
*46
49
44
5ft
Deo
48
*45
40
1,800
58
48
45
%
Jan
8
May
Do
2d preferred
1/7
177
168
178
9,313 167 Mar25 227% Jan 2 189 May 231% Nor
174
1794 181
1784
r\elawore<fc Hudson
*445
460
475
405
455
a55
1,000 445 Mar 26 510 Jan 24 437% Mb) 560
445
May
445
A^elaw. Lack. & West’n.
29
29 4 30% Denver* Rio Grande....
29
5,800 28 % Marl 4 42% Jan 7
20*8 29%
36% Maj 51% Jan
28*2 20*4
83
71
91
Oo,
70
1,920 69% Mar25 83% Jan It,
% Jan
71%
714 75
70
*71*2 73
Do pref
7 9 % Dec 102
250
Feb
67 4 67%
7L
65 % Mar 15 SO % Jan lb
*68
*65
Detroit Tl mted
60
16
12 Uj
13
14
13
14
1,400
13
9% Marl4
19% Jan 5
} A
13%
Duluth So. Snore * Atl..
J’ly 22% Jan
32
23
23
25
A pi
45
Jan
23
*20
23
1,010 20 Marti 39 Jan 4
*19*2 25
Do pref
23
24
185,445 21% j>iai ‘J7 44%Jan 5
38% May 50% Jan
23% 25 4 T?rie...“.
2334 26
217a *26*8
MarJ:
16,090 57
57 *4 59*4
5 7 *y 60
57*4 68%
53% 59 4 -Hi Do 1st pref
75%Jan 7 74% Dec 83 J an
62 % Apr
12,000 34% Mar25 67 Jan 7
364 37
38% 4o
36*2 39
76% Jan
Do 2d pref
36% 37*2
68
Jan
*63
Dec
76
*63
70
*63
70
70
*63
70
Evansv. & Terre Haute..
*85
80
90
*85
90
J >ly
94
90
*35
*85
00
Do pret
Aug
MarJr l8o% Jan 2 ci /8 Dec 348
Feb
92,016 12o
135% 130*4 136 % 142 4 Great Northern, pref
127*2 13434 134*4 139
54 4 57*4
50
Dec
64*2 58 *2
67% 59%
56*4
Temp ctfs for ore prop. 73,976 50 Mar 2 5 85 Jan 5 1 70% Dec ».>
81 % No'
92 % J an
49
10 4 10 4
23 % Jan
8
Mar v>
10
11% Oct
14 % Jan 17
10
♦
200 33 % Mar29 47
3 S 7|
53
Jan 3 ! 33%Jan
37*2 *
374
Aug
37*2 *
pf avana Electric
*
*
77
MarJ *
72% 1 1 Tirt pref
73*2
73*2 *
86%Jan 4 77*4 Jan 97% May
S6
HO
90
77
83
2,600 75% MarJ,' ! 14
85
75% *3
Mar 0
600 83 % Mar2f
83 4 83 4
84
84
84
*e0
87
84
94
Jan
.92% Nov 99% J’ue
Hocking Valley, pret
141
164
140
141
Mar
134
Jb
134
L
143
5,950
Jan
14
1454
172
Ma} 184 % J’no
141%
| iiinoia Central
23 4 24
22 % Mar25
10,850
39
Jan
23
22*4 24
33% J’ne 55% Mayr
23*2 2434
23% 25
Anterhoyo-Metropolitan.
56
58 *q
57 *» 69%
MarJ 6 75% Jail 7
9,100 52
564 57
52*2 65
70% J’ly 87% May
Do pref
24
18
18
10
19
18% 18%
2,485 18 Mar 14 28% Jan <,
18% 18% Iowa central.....
J’ly 34% Jan
34
31
4,725 30 % Mar25 51
34
Jan 7
34*2
33% 34 4
337» 33%
Do pref
t* J,1>' 63% Jan
/
76
/
*73
*73
*73
*72
76
74
Oct
84 -j Feb
76
76
Mar 20 80
.ban It'
IT' C. Ft.S.<ftM.,tr. cts. pfd
*22
Mari.4
23
4,900 18
20*2 22*4
21% 22% lYansas City Southerii..
2'9% J’ly 37% Jan
22*8 23
30% Jan 5
49
40
50
4 6 7s 4 0 *a
6,600 45 Marj5 61%Jan 8
Jan
49% 62
40%
Do pief
61%
J’ly 71
50
27 % J’ly*16
*16
*16
23
23
23
$ 18 4 18 4 T ake Erie <fe Western...
19% Marlt 28 % Jan It
44% Jan
in
*50
60
*50
'50
*50
60
b<)
o7
Marl 4
60
Aa Do pref
01
Marl3!
Sep {92 ’<> Jan
*
60
52
Mario
*47
57
*50
*50
65
55
60
J tin 9, 61 *4 Oct
(57
81% Jan
Long Island
136
116
118
Mar
114
108
2
6
109
117
114*4
24,810
%
114*2
116*4
Louisville dfc Nashville...
May 156 4 Jan
145% Jan 5.
140
133
134
120
Mar.'; 140
130 8.
6,646 120
Jan
162
130*8 13 i% 130%131
(Manhattan Elevated...
sop
FebUj
*
*
*
yo
93
150 90
90
03
Ma:2t 107
93
Jan
Jan 23f lo3
J’ly 127
ITAetropolitan
Street....
21
22
20 4 20%
18% May 29*2 Dec
17,100 15 Mari 4 2.%Jan 6
20*4 20 78
18*4 ‘JO3*
Mexican Central
ft 8% Dec
49
49 4 49 4
700 49
40 *2 40*2
49
49 *4
49 4
MarJ? 59
84 *4 J an
Jan 15
Minneapolis & St. Louis.
200
90
*80
'fcO
00
•80
sft
Mar
2
b
86
85
86
00
Jan24i
86*2
Do pref
Apr 100% Jau
102
134
MaiJt i 40 % J an
Dec 164
97
10O
Xl03
1044 Minn. S.*P. <fe S. S. Mane.
5,700 97
Mur
104*2 101% 104
128
125
1314 133
X 130*4 1314
Marl 4 168
125
13L
4,400 123
Jail 3 163 % Apr LS3% Jan
Do pref
33
29
34 4
34 4 364 Mo. Kansas & Texas
46,8-5 3o% Mai Jt
Max
33*2 35*2
30*4 34
43% Nov
44% Mar i
04 -4 Apr
63 4 u4%
6.810 69
Mar 21,
60
02
62
76
62% 03
Nov
63%
Do pref
72% Jan 4
72
Ho
72
Mart 4
70
73
>B
2%
% Max 100% Jan
72 %
72% 74% Missouri Pacific
30,e25 64
92% Jan 5
* 11 o
12z
•lis
*U8
133
*115
125
125
122
119
Mar 21 147
Max
Jan 8
149%, Jan
|^[ ash. Cliatt. * St. Louis
•40 4 62 4
36
*48
40
*40*4
£ 6 2 % 5 2 % D at.of Mex, uon-cum.pf
1,450 48% Mar23 o9% Jan 9
Apr 59% Dec
*20 4 22*f
iOO
*21
2u% 20%
22%
•20*4
Do 2d pret
Feb 14
18% J’ne 30 Dec
20% Mar J i
27
116% 118
Nov 156% Jan
113*2 117
116*4 118*2 xll4% 116
N. Y. Central <fc Hudson.. 69.212 111 **j Mar 14 134% Jan 10 126
36 4 37 4
38
u9
38
2,200 35
M ai 25
73
37 4a 37*2
38
Mai
B8% N. Y. Chic. <& St. Louis...
63%Jan 7
Apr
*
00
*100
120
111
120
109
Mar26 110
Do
let pref.
Jail 16
Api 120% .Jau
510
80
*70
80
70
70
70
Mar2(
Mav
92
70
72*2 72 4 S70
Do
2d pref
Dec
91%Jan 7
'jOO 173% Mar21 189
174
1744 N. Y. N. Haven & Hartf.
174*2 173 ‘4 174 4 *173
173% •I/O
Jail 9 U9 % Doc 204% J an
36
37 % 38% N. Y. Ontario & Western.
36
37 4
38
34*2 37
9,110 34 8/ Mar2; 48%Jan 5 43 % May 57 % j an
7 o*s 75 4
76 4 78
84
72
Mart 4
Feb
73*2
6,590 71
75*4 77 4
Norfolk <fc Western
92*4 Jan 6
97% oct
*75
*76
85
30
89 % Apr
*73
*76
85
96
85
85
80
Marl4
Do
90 % Jan lo
Jan
adjustment pref.
123
12h
179
115
1214124
4
4 Northern Pacific
135,445 114% Mar26 189% Jan .
122*2 12034 124%
% May 232 % Feb
lift
115
110
116
1i6 4
Do
110
MarJt
1164 1154 U8
16,900
134
b't*bl3
Hiihscrip.rscts
700 90
06
95
Mailft 124 % J an
J an 142
*88
944 95
00*8 04 " *94
J’ue
7 103
pacific
Coast Co
*90
*90
*90
luO
105
*00
105
100
L Do 1st pref
10ft
Jan 106
Jau
•OU
98
300 95
*05
*8ft
100
105
98
1004
Mar 21 L25
Do
2d pref
Mar 8 105 % Jan 135
May
11734 121% 110 4122 4 119% 121 *s 1204 123
464,262 114 Mar 14 141% Jan 8 122 % J’ly 147 % Jan
Pennsylvania
67
*67
6 7
67
69
75
67
67
70
Mar2t.
1,330 67
Pitteb." Cin. Chic. & St. L.
Jan
78
Jan 22
May 87
•95
*94
98
too
98
*05
100
98
100
93 % Mar 18 105%Jail 5 100
Do pref
May 109
Aug
973,400 91 Marl 4 139% Jan 7 112 May •ci.64 Jan
99% 104% 101% 105
9234 99%
9834 102
p ending
*
84
£Vil st, prof
84
100 84
89
84
85 4 *
854 •
MarJi
92
Jan 7
Sep
*
90
85 4
84
84
2d pref
400
84
83
Mar it
*......
Jan 8
94
Apr
22
17 7a 19=6
10
20% 21% Rock Island Company.... 37,450 17% Mar2t, 30%Jan 5
19% 20%
% J’ly
20*8
32% Nov
45
45
45
45
45
60
44
Do pref
3,900 40% Mar Jt
4034 43
04% Jan 6
69% Aug
J’ly
60
100
*50
59
*58
65
664 St. L. &S. Fr., 1st pref
MarlSi 70
Fee
664 *60
66% *60
Jan 11
72% Apr
30
34
31
32 4 32 4
34
*314 34
Do
2d pref
1,800 29 JiafJo 48%Jan 6 40% J’ly 51 *4 Feb
20
20
*18
18
Mario
19% 21
10*2 20%
iy%
St. Louis Southwestern..
2,200
20% May 27 % Jan
25% Jan 7
40
50*2 *40*4 63
Do
60% 50%
51% 61%
3,200 46% Mar26 62 % Feb 16
pref
48% May 63% Sep
61
77% 79*e
198.160 69% Mai l 4 96% Jan 14
72*4 78*4
78% 81% Southern Pacific Co
77% 804
May 97 *2 Sep
112
113
Do pref
112
114
*112% 114
112
Mar
26
116
112% l 13
2,045
118% Jan 14
J’ly
20
20% 2L%
21*4 22% 8outhernv.tr. cfs. stmped 31,200 19% Mar26 34 "Jan 5
20** 21*2
21%
3l% Nov 41 % j an
74
*70
73
80
72
Mar 7
Do
7234
73% 74%
2,600 69
94% Jan 5
93% Dec 103 Jau
pref.
do
25 4 26
28
2434 ‘JO^
26% 28 4 rr'exae dfc Pacific
9,225 24% Mar26 37%Jan 7
25% 26%
May 40% Oct
•105
*102
*103
107
105
*103
110
Ahird Avenue (N. Y.)...
Mar 14 123
Jan 8 121
1,580 lol
Nov rl39>6 J an
2ft
24
26
26
25
25
24
Mar
24*2 25
28
Toledo Railways & Light
1,500
29
Jan 7
Jan
25% Dec 36
27
*26
27 4 27% ToL St. L. * W. v. tr. otfs
28
264
4,625 23% Mar26 33%Jan 5
2334 27
25*4 J’ly 40 Hi Jail
49
Do
6.525 4 5
5i ar 8
60
60% 514 X 49 % 61
50%
43
49%
prof. vot. tr. ctfs.
53% Jan f
59%
Jan
J’ly
BANKS
Hanks
86
Highest
Lowest
;
.
86%
93~,
j
Highest
i
New Amster
New York Co 1200
New York... 1298
Night & Dav 4uO
19th Ward!*. 350
North Amer. 270
Northern
172
Oriental!'.... lit) 5
305
200
210
--
110
State!
34til Street-
...
275
Ask
250
465
280
370
350
220
12th Ward!. 400
23d Ward!-!. 190
',j state names, p Ex-ihvuienu and rignw. b Now itaok.
h 1st iustalm’t paid, n Sold at private sale at this once.
ma». 30
i^ew York
1907.]
Saturday
March 23
90%
Tuemlae
Monday
March 26
March 23
894
92
121% 1304
87
27
34
*30
48
134
284
454
1234
214
50
13H
25
11
*23
*15
17
11
30
174
174
$39
39
*10
244
•14
17
37
123 4
87
864
3034
46%
13 4
234
30
11
244
17
17
39
44%
13
22
*10
*92
*14
16 %
30
•
131
129%134
314
314
44
13 4
*23 4
11
*25
46 %
15%
17%
374
16%
174
37 4
17
37
13 4
244
12
27
86
30
*43
Do
131% 136%
pref
87
Union
Do Pacific
pref
33
UnitBysinr’tof SanFrau
17
12
*25
17
18
12
28
17
18
37
*374
40
23 4
*11
*25
*15
17
23%
12 4
28
17
Do
49
14%
23 4
70o
1.5 9 i
2.680
3,200
pref
Wabash
Do
pref
.
6,360
1,800
Wheeling6* Lake Erie...
Do 1st prof
86
27
44
12%
21 %
183
94
G2
Mario
Mar25
Mar27
Marl4
Mar25
9 Hi-Mar 4
22% Marls
900
Do 2djpref..
Wisconsin Central
Do
87% Marl4 108%Jan
795'.ioo i:io% Mar*14
314
47%
13%
$23 4
13%
6,279
91%'Twin City Bapid Transit.
93
•85
86
30
46
13%
37
March 29
93
Range
NEW YOBK STOCK
EXCHANGE
Friday
•• ••••
129% 133
87
*86
12
29
18
91%
••••••
......
87
31
46
13*4
23%
Thursday
March 28
934
93
92
89
904
......
1184 131%
*86
98
Wednesday
March 2?
1907
for Year
Sales 0‘
On basis of 100-share lot*
the
Week
Lowest
Highest
Share*
STOCKS
balk pricks
sTocxm—miQMsar a an lowmbt
733
Stock Record—Concluded—Page 2
2,225
970
pref..,
14
16
36
Marl4
M ar 14
Marl 4
Jan
Jan
Jau
Year(1906)
Lowest
Highest
Dec 122 >4 Jan
7 1
$150 oct
1,,539 Sep
91% Ms} 99% Jail
60
Apr 98 Jau
55
Apr 93 % •) an
26Hi Jau
15
Dec
3 6 Hi Dec
53•¥ Feb
21% Feb
16
A pi
48 Hi Feb
Mh'
36
29 Hi Feb
21% Oct
Jau
33
23
M»J
44
J’ly 64 Jan
5 )
7
7
7
5
71%.Tan
18%Tan
38% Jau 7
10%Jan 7
37% Jau 6
21% Jan 10
25% Jan 12
51%Jau 7
Industrial *fc Miscell
1300 Aug
All
10 $280 Marl4 $295 Feb 14
♦280
300
$280 280
*280
300
*250
300
16
*250
300
J’ly ‘27%.) an
300
*250
4,300 10 Mar 14 16%Jau o
llis-Chalmers
12
12
4
11% 12 %
11
11% 11%
67
Jau
4o
11%
Sep
10-4 11%
000 25
-Mar; 4 43% Jan 3
ll7a 12
Do
28
28
*27 4 29 4
pref
*26 4 29
26 4 264
274 284
02-*8 J’ly 118', Feb
27 4 27 V
702.096 78% Mai2c 121%Jau n
85
4
83
89%
AmalgamatedCopper
86%
83% 87%
80 4
784 804
89
91
»94
2,420 19 Mar 2 5 25-%Jan 8 20 J’ly 34 % J au
20
Amcr Agricult Chemical.
20
19 4 20
20
20
Jan
19
19
00
De. 102
20
95
Feb‘20
90 Hi Marii
204 20% * 19
Do
*80
95
*80
95
pref
*88
95
Jan
*80
90
95
20% Mai 35
*80
95
23% Jau 7
14%
Marls
3,101
Amer
Beet
Sugar
.14% 15
16 - 15
144 15%
16
89 Hi J an
15
15%
82 *6 Oct
15 4
Jan 21
15
15
80
75
*
Mar. f
*
Do
*
75
75
pref
*
*
*......
80
75
75
75
7 % Feb 2 8
5 % Mar 14
1,026
*5
American Can
0
6%
54
5 4
5%
6
54
*5
6
*5 4
Feb28
6
1,947 48% Mar iO 55
Do pref
*50
50
51%
*8
51
50
%
47 % Jan
51%
48
4 49
32% J’ly
4934 51
504 51
Mari 6 45% Jau 14
15,310 31
American Car <& Foundry
35
35%
34
33%
4
J an
33%
35%
98 % J’ly 105
31
34
3i*e
34
33 4 34 4
Jau 12
92 % Mari5 Lo3
2,000
98
Do
98
pref
00
07
96% 90%
94
41 % Jau
92 4 964
96*4
28
Ma)
97
97%
Mario 33% Feb is
6,200 ‘27
Cotton
Amorican
Oil
29
29%
27% 28%
‘27
95
Jan
27
28%
28% ‘-9
90
Dei
28 4
23
29 V
Jan 21
88
Mari:-. 90
Do pref
*80
88
*80
HS
*80
88
*80
88
88
A pi 272
Aug
*8S
384 *80
Jan 5 !i5
Mario 247
1,935 200
American Express
*195
215
200
211
$205
210
*200
205
200
201
7% Ma> 11% Jau
1210 210
485
8% Jan 11
5 % Marl3
6 4
64 American Grass Twine
6
*5%
8
4
6
4
10
Jan
5
$64
Nov
5 4
5-4
Hi
5 4
0J an L e
4
Mar i
600
Amer Hide & Leather....
4 0^
*4%
5
4%
4 4
Jan
4%
4%
24
Nov 43
4 4
4 4
5
*4 4
5
400
20
Marl 3 dO ^ J RU 7
De
*204
21
*19
22
prei
*19
21
214 214
9*
20
20
214 214
1,650 70 Maril 88 Jau 2 35 % J an 29 7s Sep
American Ice Securities.
77
7
7
77
77
$77
77
77
764 77
*4 J an
784
16% Dec
774 78
19% Jau iu
200 12% Mar2 5
Amerloan Linseed
*12% 15
13
13
*12% 134 *12% 13
35
Dei
63% Jan
124 124
14
*12
360 27
Maj‘25 36 Jan 7
Do
27
28
*25
30
pref
*26
30
78
27
27
4
Hi Jan
$27
4
27
Ma}
32
53%
*27
12,070 56% Mar2o 75% Febi:
Amerioan Locomotive...
60% 62
58 4 59%
57 4 61
694 61
5534 59*4
694 61
lul
Mar25 111% Jan 21 iOj% Dec 120% Jan
1,660
Do
pref
$107
107
103
103
105
102
102 4 ♦102
105
105 4105 4 lul
Amer. Malt Corp
9
*6
*6
10
10
*6
*6
10
*6
10
40
202 29% Mar27
Do pref...
29% 29%
*27
33
29% 29%
33
92 % Dec 101% Jan
$294 294 *30
4 00
Mar25 93% Jan 7
86
Amer Smelters Sec pref B
90
90
*89
91
•
90 4 90 4
90
90
86
Jan
80
92
L38%Ma) 174
115 4 120 4 Amer. Smelt’g & Hefin’g. 286,650 104 % Mario xlbo Jan 7
111 4116
105
115
111%
119
Jan
L12
Dec 130
104*4
1184
1154 H74
100
Alar 2 5 117%Jan 7
25,525
Do
102%
101
102 4
104%
pref
102
103
103
100
1034 100
103
105
Jan 18 iuO J’ly 220 Jan
197 % Jan 11 •205
•2u0
Snnfi
American
240
*200
240
*200
240
*200
240
Jan
*2vO
240
Dec 107
•200
240
Mar 12 LUO
99
Mar 12 99
*90
Do pref
100
*90
100
•90
100
•90
100
•90
100
15% Jan
•90
100
9% .No'
7 % Mar2fc
■•()%Jan 5
1,001)
Amerioan Steel Foundr’s.
8
8
*7%
8
7
4
7
4
7%
7%
40
74
'.4
Maj 53% Jan
*74
8
2,40c 34 Marl4 47% Jan 7
36 4 36
Do pref
35
35 4
35%
35
34
35
157
Jan
35
37
37
37
137 % Feb 13
122
123% American Sugar Ketimnp 27,100 114% ->lar 14
119%
122
119%
1214
140
120%
Jan
116‘e
116*4
119
1194 121
Jan 2
200 122
Mai- 5 13L
*120
Do
*120
130
125
pref
124
125
♦120
130
*120
128
•120
125
J’ly 144% Jan
200 118% Mari5 133
Jau 4
Amer.
119
119
Telepli.
&
Tel
eg...
*L
15
120
120
118 4118 4 *117
J’ly 109 Jan
•1184 121
11,883 86% Mario 98% J an 6
89 4 90% Amer. Tobac. (new), pref
89 4 90 4
99 4 90
87
89
Nov 48
Jan
86 4 9w
90 4
90
Alar26 36^1 J7
9,345 24
26 4 28
American Woolen
26 4 264
27
25
24
25
4
25
28
27 4 2e 4
J’ly 110% Jan
4
833
95
Marl
102%
Jan
6
*93
Do pref
96
95 4 95 4
*94
98
95
95
Feb
96
300
95
96
96
Mai 14 302% Feb 16
naoonda Cop..Par $25 129,700 53
60% 03
68% 604
5b % 61%
53
178
594
Jan
60
57*4 61
614
LOS
Marl Vi L21 %
*196
*105
115
115
Union
Gas....
Orooklyn
115
*106
♦106
115
*108
115
2134 Apr
•108
116
U
Mar 16 14% Jan 4| 13% J’ly
1.26
Orunaw. Dock& C.ImpM
*104 12
12
70
11
12
114 114 *10 4 12 4 $L2
40
May
*11
13
Api
41
Alar 8 49 % Jan 3
*42 4 49
Buttenck
Co
'42
4
49
*42
*42
4
49
4
49
*42
4 49
33% Dec 49% Jan
*42 4 49
40
Feb
16
25
Mar
2l
19,250
26 '0 27%
27% 29%
25
27
27%
107
28%
7b
25
Hi
Jau
4
2te4
284 294
Feb 8 98% Dec
Marifc 102
2,810 89
• Do
91% 92
90 4 914
prer
89
91
91% 91%
93
93
40 % Ma}
94
83% Jau
94
29
MarLi
67%
Jan
8.
36,72.Colorado
Fuel
<fc
Iron....
334
35
31
33 4
32
34 4
u
99
33
17
29% 32%
May 30% Nov
314 33
28 ''Jau 7
Alar !
8,907 20
24 •«
24% 25% Col. <& Hock. Coal & Iron
25
25 %
26
2 2
25
22
-.2%
Jan
23
23
6,681 llu Marl 6 14(1% Alar 1 L3U% Apr 181%
Consolidated
Gas
(N.
Y.).
*118
12L
121%123
a
116
119
4
1194
1214
28
117
116
Apr
1164 118
7,502 17% Mar20 24% Jan 92 18% J’ly
19
Refg
Corn
Products
19%
19
19%
19%
19%
18
17%
19%
174
74 Hi Maj
8534 Apr
18
18 4
Marl 4 88 Jan 28
5,634 78
Do pref
80 -j 814
$79
79
804
81
79
80*4
Jan
51
78%
74=8
sep
814 814
Feb 13
Alar2o 78
69
Distillers Security's Corp. 33,490 62
70
67 4 0J4
62
66%
Jau
63
68 4
66% 6 J 4
Jau 199
67 4 68*4
Jan 16 L38
144
Mari'- 163
*
*
•135
Federal
Mining
Smelt’g
100
&
160
*137
*
160
160
*136
170
91
J’ly 1127e Jan
150
AlarIf
97
Jan 14
2,475 80
*
86
Do
8
0
4
83
86
4
pref
84
85
85
4
80
Oct
834
S34 834
Jan 22|;i ;156 Dec 184
10,890 xl3t>% Alai 14 1C3
144 4 140
General Electric
143
144 4
142
140
138 % 14 2
138
14334
1434 144*4
Feb
Alar28 152
1,250 L20
120
120
120
130
Granby
Cons
MSA
P...
123
125
124%
124%
125
125
16
20*4
Jau
Hi Sep
130
131
3,72() 13 Mar26 18%.Ian ,||
uternational Paper....
13 4
14
14 4 *13
13
14%
90
$14% 14%
J au
De.
13*8 134
14
14
Feb HI 80
2,350 74% Mari7 8i
*7 4
Do
75
75 4 76 4
pref
74 4 75
75
Jan
76
7 6 ‘4 7 6 N
48
Sep j95
764 764
Mar
14
40
60% Jan if.
900
4
4
International
Power....
*43
45v
%
41
%
43
434
43
43
00
43
43
28
Jan
May
*43
45 4
Jan 7
Mario 41
1,800 •25
27
lnternat
Steam
Pump....
*26
27
28
25
2/4
27% 27%
92
25
25
May
*27
29
74 % Alar_6 81
Jan 14 79 Jan
300
Do pref
78
*73
75%
75%
77
*74
74
4
74
4
*75
78
2,800 z62% Mario 75%'3>an 24
67
07
66 4 67
Mkckay
Companies
66 4 67
64
4
60
64
l4
66
’4
J.«h-24
66% 67
Alar 16 71
1,400 j;03
67
Do pr.f
t>?
66‘4 064
65 4 66 4
66% 66%
65 4 87
62
Ma; 79 % Deo
*66
67
4,320 75% Alarl-i 80% Jan 16
76 4 77%
x76 4 76 4
78*0 81
764 77
754 78
76
76%
111
800
Aiarit
117% Alar 6 113*a Jan 118 Hi Oct
*110
Do
113
*110
113
pref..
111
111
1114112
18 Ha Jan
12
111*4 113
Maj
•112 4115
2,560 10% Marie 15% Jan 6
’1% 114 Nat EnamelingAStamp’g
11
11% *11% 12%
88 Hi Mar
83
10*4 11
114 114
12
12
Sep
Feb 15
Mar 28 87
500 79
*78
Do
85
79
79
pref
*80
85
*78
85
66
95%
Jan
80‘4 80%
81
May
81
Atari 5 76^4 J RU 7
21,070 49
65% 59
National Lead
54
55
60
55
53% 57
49
55
55
56 4
Jail 6 100% J’ne 106% Jan
98
Alar ,5 103
1.061.
Do
98%
y8%
pref
98
9J
98
98% $99
98%
98*4 99
•99
9934
Mar. 5 14 1% Jan 7 133 J’ly 163% Jan
7,025 IUO
10/
112% 111
112% New York Air Brake
107 4 109%
102 4-110
Jan
j 00
7 Hi Nov 107
115
115
117
9,64 5 69% Alar;4 8*9 % «»uu 4
72
North
American
Co.,
ue\\
73
71%
73
72%
71
70
71
74
74%
73
74
41Jau 6l 28% J’ne 51 Hi Jan
21 % Alar2
6,35i
24 4 24 4
23-2
24%
.23
4
25
103
2
1
214
88
24%
Jau
4 241
24 4 25
J’ly
.uar; 4
5)8% Jau 4!
1J * 7 6 85
88 4 89
87 4 83 4
eop. Gas-L.de C. (Chic.)
87 4 88 4
18 % Nov
85
13 '4 .Ma}
87
85% 87%
86% 88
Mar i,
12
30»
16'%
Jau
15
!
Pitts
*12
14
'13
14
uurgli Coal Co
14
12
12% *12
•13
12*8 12*8
15
Marl;
60%Jau 4 50 J’ly 62 Hi Jan
1,7 0o 49
60
Do
51
49
49
pref
50 4 50 4
52
43
50
51
51
60%, *49
Ma;
64% Jan
Jau 1C
Mar2i. 57
10,635 30
33
Pressed
Steel
Car
4
35
32
324
33
4 35
30
32 4
3 0 *4 3 2 %
95
M a\ 105
Feb
324 33
2,760 tt6 Alari'. ■ 99 % Jan 24
«i
Do
90
90
91
pref
86
89%
89%
270
89
88
89
Dec
Nov
$92
92
Alar 14 181% Jan 8 180
1,132 150
Pullman Company
169
160
160
160
159
100
62
159
159
15
5
44
*4 Jan
*s 15 5 %
Maj
169
1593,
Alai 2 c 57 % Jau lii
7,150 39
42% 44 4 1 > ail way Steel Spring...
42
43 '0
42% 42%
39
40
41%
42
9734 J’ly 107 Jau
43%
434
AlarJ3 99 *a Feb 15
300 90
•90
I\»Do pref
*
92
90
90
.
93
93
90
90
41%
Dee
*,
90
VO
22%
Ma}
22,210 22% AlariO 41 Jan 7
24 4 25 4
23% 24%
24
25 %
22 4 24%
22 4 24%
26
25 4
Alar 2 5 LOO
78
Jau 7 91 Ma} 110 Hi Jan
14,926
Do
79
prot
78
4
81
80%
81% 81
97 Hi Jan
78 4 81
78
82
68 Hi J’ly
82
82
42
Alar 14 77%Jau 7
9,211
53
52
52 4
64
50
52 4
51% 53 4
Oct 113
46
31
49
514
Apr
Jan 11 101
100 10U
Alar 5 107
Do pref
100
100
129
Jan
*166 Nor
2,900 130 Mar-26 162 Jau 4
Tenn. Coal, Iron A lilt...
i.35
*135
139%
1374
*135
141
130
137
4
134
135
137
138
4,55l $34% Mari6 $53% Alar 1
39
39
40
38
37
40
37
39
34% 39
60* Ma} 88 Oct
39
40
-Mar26 85
Jan 17
1,100 68
81
81
72
72
70
70
68
15 >4 Jan
68
70
71
5 Hi Sep
•70
76
4U»
8% Jan 16
5% Alar29
mon Bag A Paper
5
6%
5%
%
5%
6%
6%
84
Jan
62
Oci
61
Jan 7
700 50% Mar25
Do prel
50
4
50
4
53
514 514
Jan
43 Hi Ms)
60*8 62%
30% Mari5 49% Jau 6
6,70i
*33
U. S. Cast 1. Pipe A Foun
4
35
33%
31
33
34%
96
30% 33
S3 % Dec
7e Jan
80% 34
Jan 15
344 363*
Mar26 89
810 74
Do pref
•74
78
70
76
76
76
74
138
76
75
75*8
1U9
Hi
Jan
SO
80
May
Alar 6 $117 Jau 9
244 100
•100
*100
110
110
*100
110
*95
110
75
$100
100
105
100
Aug 94 Hi Jan
Alar 2 5 90% Jan 4
4,600 72
74
79
73%
73%
74% 76%
Mai
72
75
24
72% 76
76
40=8 j’ne
774
900
13% Mar25 30% Jan 2a
20
184 184
15
15
16% 16% *15
84
60
Mai
j’ne
134 15
144 154
68
Jau 7
45(
43% Marl:
Do
45
45
*43
48
prer.
44
44
4
♦42
48
*42
48
38
•43
60
J’ly 69HiOo»
52% Feb 16
8,306 36% Mur2>
42%
42%
414
39%
40
42%
zll5
38
36%
41
Jan
434
484 46
4,40(. 99 % Alari: L09% Jan 7 *104H J ’ly
Do 1st pref
100
100
101
1014
100
101
99 4101
99 4 100
76
Ma} x87% Jau
100
1004
68
Alarii
78%Jan
7
2,160
Do
2d
71
pref
71% 714
71%
72
72
68
68
71%
7 L
50*4 Oot
32% J’ly
714 72
704,925 31 % Mari5 SO^Jau 7
344 36% United States Steel
33% 34%
314 34%
33% 35%
314 34%
9834 J’ly 113 Wan
33*4 35
2 13,390 91% Alar 2 6 107% Jan 7
Do
pref...
96%
95%
97
4
98
95
•'
4 98 4
93% 97%
97
914 967e
984
11,200 $24
Mari 5 $39% Mar 4
28 4 304
28
28
20% 27%
24
25%
24
31
28%
284 29
J’ly 58 Jan
4,70v 25% Mario 39%Jan 7
29
29
27%
28
29
27
28%
27%
25
*28
4 27
234
J’ly 117% Jan
1.720 101
Mar-26 108 Jan 9 104
Do
102
pref
102% 102% 102% 103 Zl02
10L
38
102% 101% 102
102 410234
Ms> 93 Deo
2,400 55 Alar 2 5 97 Jan 22
60 4 004
05% 65% Virginia Iron Coal A O.
*59
70
65
01
Mar 305
Oct
55
233
594
60
62
Mar 6 $290 Jan 26
270
300
*230
♦225
300
11/ ©Us Fargo A Co
*225
S00
300
♦225
91 >4 Jan
•220
300
•225
300
* T
est’n Union Tele’gp
2,430 79% Mar 6 85 JaD 10 z83* Dec 176
80%
80%
80
804
79%
80%
79% 80%
80
80
794 794
1,290 146 Mari 6 154 Jan 2 148 Aug 188 Jan
147
Xl47
West’gh’seEldbMfgaeee
146
1484 1484 140
146
140
147
Nov
*
Jan
•147
1404 147
Do
1st pref
*146
103
*148
165
*148
165
165
*150
*147
165
U
Adams Express
_
-
..
*
Felii i
Febl4jj
•
tcentral Leather
13||
-
National Biscuit
Paoitic Mail
9
Slosa-Snetheid St. A
*
U
*
...
BANKS AND TRUST
Ask
Bid
Banks
Union Excli!
U S Exclia’eT,
Waah.H’litsT
West Sidell..
Yorkvlllelj..
230
250
122% 132%.
225
600
400
_
425
-..
..
Bid
......
150
Bid
Atk
N. Y. CITY
Bankers’ Tr. 500
BROOKLYN
Bowl’gGreen t440
,
BROOKLYN
175
BoroughT].
Bread wayt.. 450
140
Brooklyn^
Bonks
COMPANIES—BROKERS’ QUOTATIONS
390
First
Home Bankl 160
Manufaotrs’. 390
M eohanics^j. 320
250
Nassau
305
Nat City
North Sidel). 350
ProapectPkl 160
Terminal.... 140
Unions
400
165
BroadwayTr. 160
215
Carnegie.
Central Tr’at 1850
400
Colonial
Columbia.... 220
Commercial. 220
Common w’th
330
Empire
225
FarmLo A Ti
175
325*
..
Equitable Tr
Ask
550
160
230
■2050
410
240
146
340
435
1276 1300
Trust Co’s
550
Guaranty Tr 480
510
Guardian Tr
Hudson
Knick ’rb’k’r
Law T I <&Tr
Lincoln Tr...
Manhattan..
Mercantile..
240
.....
t97
1260
380
450
275
390
470
850
Metropolitan 550
590
725
MortonTrust
Mutual
120
t Bid and asked prioes; no sales on this day. $ Less than 100 shares, i Ex-rights. bNew stock.
•Sale at Stock Exohange or at auction this week. 0 Ex stock dividend. t Trust Co. certificates,
Atk
Bid
Fifth Ave Tr
300
Fulton
130
.
Trust Co’s
Bid
Atk
205
1P5
1000
740
725
425
660
760
750
1300 1325
480
470
U nit States. 1240 1270
305
Van N’denTr
Washington 400
215
Windsor.... 200
Mut. Alliance
N Y LifeATr
New York Tr
StandardTr’t
TitleGu A Tr
Tr Co of Am.
Union Trust
USMtgATr
.t,Tt-
Trust Co's
Bid
Atk
BROOKLYN
Kings Co....
440
150
260
310
825
160
200
460
Nassau
860
People’s
316%
Brooklyn Tr
Citizens’
Flatbosh....
Franklin
Hamilton...
Home
Jenkins
LXMLATr. 310
wnfiamsb'g.
4 00
160
320
345
175
325
270
220
cKx-dindend and rights. dNow quoted dollars per share*
u Banks marked with a paragraph (1) are State banks.
New York Stook
Exchange—Bond Record, Friday, Weekly and Yearly
OOODF1T1NU
BONDS
N. Y. STOOK EXCHANGE
WHXf EBDOfO MARCH 29
.
l2
Last Sale
BONDS
Since
N. Y. STOCK EXCHANGE
Week Ending March 29
January 1
Ask Lmc
High Ao Lou High
10434 105 % 105% Feb’07
105% 105%
3 054 106 4 106 Q Mar’07
1015 V
1106
..
103 4 104
1U3 Si 104
102%
100%101
101% 102
136% 131
130% 131
104% 105 34
1004
....
—
Foreign Government
Jmiu: ese Govt 6a stcrl'g.1911
1911
Jt loan 4 4» clfa fall pd.1925
2d senes 44h ctfa full paid.
£ loan 4a ctfs full paid.. 1931
Repub of Cuba 6a extea debt
U h m Mexico s f g 6a of 1899
103%
1024 1034
107
J’ne’02
101 ia Oct ’06
100% Mar’07
101% Mar’07
10041014
1004 1014
139%
330%
130 4
1304
105 4 Oct ’06
ill
May*06
129
99% 359
9934 453
t 88%
87*4
295
106
88
60*4 56
88%
88%
87% 88
* 80*4 Sale
87ia
79
t
08*4
99
Mar’07
9241«ar’07
99
93
hese
01
100
a re
pr ices
0 n
111
the l asL
79
99*4
99*4
944
92 7e
85Q
Virginia fund debt 2-3a...l991
126
126
95
Mar’07
96
96*4
95*4
SO
22
111 995 Nov
M995
n
F-A
F-A
F-A
F-A
F-A
M-S
M-S
J-J
A-O
A-O
M-N
80
Mar’07
89
91
99 la 97*4
OO3, 388 97*4 102 4
Jan
101
’07
98
101
101*4
9*0* Sale 914
90 904 927»
92
95
Sep ’05
90" *»T 90
92
4
90
92%
99
Sale
383 934 1084
94Q - 69
99
Feb’07
984
100 4 Jan ’06
90
Feb’07
96
96
98 4 Nov’04
94
Nov’OC
87ia
99
91*a
93% Sale
127
i*l*4%
8ilSpOca AG gug4s ..1918
BaltRegistered
A Ohio prior lg34a.7tl925
1926
J-J
96*4 Aug’06
9234
934
42
JL3278 Jan’06
1124 Jan ’04
114% Nov’06
994 Mar’06
804
864
90*4 Dec’06
J-J
87
98
M-N
J-J
92*4
93V
864 894
▲tlAntic A Danv See South By
▲uatin A N W See Sou Pacific
Q-J
Til 948 lA-O
/tl948 Q-J
Gold 4s
Registered
Pitta June lat gold 6s...1922
PJun A M Divlstg31asl925
P L E <fc W Va Sya ref 4sl941
Soutliw Div 1st g 3 4s...1925
J-J
M-N
M-N
J-J
7il925
n
Registered
Monon Riv lat gu g
6b..1919
Oen Ohio R 1st og44s--1930 MS
Ul Lor A W con 1st g 6s 19S3 A-O
Ohio River RR 1st g 5s. 1930 J-D
General gold 5s
1937 A-O
Pitts Olev A Tol 1st g 6s 1922 A-O
Pitts A West let g 4s...1917 J-J
fitat isl Ky 1st gu g 4 4s 1943 J-D
Bat Creek A 8 See Mich Cent
Beech Creek See N Y C A I£
Beilev A Car See Illinois Cent
Bklyn A Id on tank See Long I
Bruns A West A^eAtl Coast L
Buffalo N Y A Erie See Erie
Buffalo RAP gen g 5s... 1937 M-S
All A West 1st g 4s gu..l‘J98 A-O
Ol A Mah 1st gu g 5s....1943 J-J
Bocli A Pitts lat g 6s...1921 F-A
Counol 1st g 6s
1922 J-D
Buffalo A Southwest See Erie
Baft A Susq 1st ref g 4s.dl951 J-J
Bar C R A N See C It I A P
/panada South 1st 6s
1908 J-J
'-'Sd 5s
1913 M-S
1913[IW-8
Registered..—.
Garb A Sliawn
See Ill Cent
91ia
904
Sale
Stamped
F-A
ii-N
Stamped
934
1004 133
994
i024
10034 Mar*07
89
LOO
Mar’07
89
03
89
93
90
Oct ’06
——
94
1104 Mar’07
1034 Feb’07
99
90*4
11*2% 1*1*3*%
Mar’07
Nov’04
94
100
90
96
io57e i054
1054 Feb’07
Apr’05
Mar’07
May’06
Nov’06
1194 Mar*04
114
1014
oct ’01
109
113 4
112%....
116
iYo" ili la 113 4
94
11641184
102
1034
103
124
Apr’97
120*4
Apr*C6
122
11834 Mar'07
118*4 1234
96*8 Feb’07
944 964
100%
100*4
1004
101
103
100%,
tit
105
M-N
Oet
&S-~-j>19
3d prer income g 5s
994
120
88 '4 89
93
93
89 ia 89
90S] 89
1004
100
101
Nov’06
101
1014
1064
8a3e
*85*
66
75
74
66
pl&45
62
116
105
Mar’07
113
Apr’06
116
51 105
1064
116
111
864 Mar’07
86 4
90
89
89
90
734 Jail *07
734
73
Feb’07
634 Jan ’07
73
764
634
73
65
624 Feb’07
624
60
Fob’07
iUlSCElilANEOLS
Railway
Brooklyn Rap Tr g 6s
1st refund
conv g
4s
1946 A-O
2002 J-J
BkClty lstcou6s.1016.1941
Bk
J-J
Q Co A S con gu g 5s. 1941 M-N;
Bklyn Un El 1st g 4-5a.l950 F-A
Stamped saiar 4-5s
1900 F-A
Kings Co El 1st g 4s....1949 F-A;
Stamped guar 4s
1949 F-A
Nassau Elec gu g 4s
1951 J -J
ConuRyA L 1st A ref g 44s’51 J-J
Stamped guar 4 4s
1951 J-J
Den C011 Tr Co 1st g 5s...1933 A-O
Dot United 1st coil g 44a. 1932 J-J
Havana F.lec consol g 53.1952 F-A
Inter-Met coll 4 4s
1956 A-O
Internal Trao coll tr 4s.. 1949 J-J
Lotus U y Co 1st con s 6s. .1930 J-J
ManUa Elec 1st A ooll 6s. 1953 M-S
No price
Registered.
105
82
102
1064 Mar’07
Sale
79H
106
20*
82
10*4 Feb’07
1014 Utiit J014
10141
101
Sal* 10J.
101
ri
794
102*4
1014
1 100
.1110
Feb’*6
87
Feb-ft7
84*4
854
84*4
81
84
81
Friday; latest prioe this week.
Mar’07
84**
81
108*4 Sav’06
iijjf
89
90
77*4 Sale
68
70
87
14
Pwt’06
J’net»
4 95
93VOet *00
88 7*
924 Jan’07
754
78V£5M1
-
79*4 Sep ’06
109
98
uDueJan
91
74
tiDneApr
eDueMay
So
Low
High
R A A Div
99%
90
Q-F
107
113% 114
'
105% 108
123% 125 4
1104 111
Feb’07
100 4 Sale
97
93%
100
J-J
J-J
F-A
J-J
J-J
J-J
79
•67
T
_
_
68
89% Sale
-
92
Registered
1921 A-O
1933 M-N
Sinking fund deb 5s
Registered
J.933 M-N
North Illinois 1st 6s....1910 M-S
Ott C F A St Paul 1st 5s 1909 M-S
Winona A St Pet 2d 7s..1907 M-N
MU L S A West 1st g 6s 1921 M-N
Ext A Imp s fund g 5s 1929 F-A
Ashland Div 1st g 6s..1925 M-S
Mich Div 1st g 68
1924 J-J
Incomes
1911 M-N
Ohio Rock isl A Pac 6s...l917| J-J
Registered
1917 J-J
General gold 4a
1988 J-J
Registered
1988 J-J
Refunding g 4s
1934 A-O
CoU trust SenesH 4a
1910 M-N
J 4s
1912 M-N
M 4s
*.
1915 M-N
N 4s
1910 M-N
O 4s
1917 M-N
P 48................
1918 M-N
Chic R Y A* Pac R R 4s Y 2002 M-N
Registered
2002 M N
CoU trust gold 5s
.1913 M-S
Bur Ced R A Northern—
Cou 1st A col tr g 6s...1934 A-O
Registered
1934 A-O
CRIF ANW lstgu5s. 1921 A-O
M A St L 1st gu g 7s..1927 J -D
*
100 4
76
80
67%
76%
i5
894
2fc
110% Jan’05
100 4 Mar’07
101% Feb’07
101% Dec’06
100
103
103
2
92
*»i;i
’od
....
1017a Mar’07
132
112
_
1
46
112 4
oet
14
1184 Feb’06
113 4 Feb’07
117*4
126
125
111% 111%
....
1*0*3
....
10
....
no
1
....
ibe‘%
107
101
904
924
1124 113%
iib
iii%
106% 100*4
....
108%
i‘08%
1024
iob
104
104
104
....
106% 100%
....
1104 1114
119% 121
102
101
101
107
100
96%
-
-r
-r
-
i
101
Mar’07
Jan’07
2
......
......
......
„
...
......
......
„
.
114
....
Sale
116
924 Nov’06
96% Jan ’67
.
90
68
79
82
......
69 4 Sale
824 Sale
119
101
107
100% 102%
122 4 122%
.
12 114
.
.
.
116%
1104 1164
*25
98% 100 4
99 4 99%
67 894 91%
.
.
93
May’04
90% Fob’07
......
100% 101%
1
1164 Mar’07
99
98%
99% Feb’07
91
894
97
J’ly’04
99
96
1184114%
......
11.4
95
101
107
1054
1054
108% Jan’04
108
114
Ill's B'eb’07
Feb’00
1144 117
105% Dec’05
1004 Sale 100%
100%
102
102 4 Dec’06
122 4 Feb’07
•
114
116 4 Oct *06
1424 Feb’02
1284 Feb’00
100
109
Sep ’03
•
......
102
...! 104 104
1
95% 98
106% Nov’06
1074 J’ne’06
Sale
105%
1074 U0%
95
Feb’07
111
Oct’06
114 4 Feb’06
110
......
100% 101%
112
113 4 1134
....
Mar’07
95%
1004
......
1004
_
ioy
91
102%
Lob
1024103%
108% 109
108% Jan ’07
106
Aug’U4
182 4 Apr’06
111
Ain’06
102 4 102 4 Mar'07
108
L05% Feb’07
104
Jan *07
109
1074 Mar’07
107
106% Feb’07
111 4 Feb’07
120 4 1204 Feb’07
102
Jan’07
104
Feb 07
•97%
ibi
924
ibb
' J’ly’06
......
•
100 4
101% 102
108% Feb:07
......
......
2
36
99
106% Feb'07
125 4 137 4 J Tv *99
......
99% 105%
......
69 4
80 4 Mav’05
99 4 Mar’o7
89 4
90
90
Sep ’06
no
110
106
1134 116
i‘1'7
76
116% Oct ’05
Feb’07
112% 113
108
Apr’06
•
-
4
100 4
98
92 4 #24
103
Mar’07
101
Mar’u7
104 4 Oct ’06
92
92
103
110
^
98
92 4 Mar’07
111% Jan’07
105 4 Sep’06
-r
102 4
1886-1926 F-A
1987 M-N
1879-1929 A-O
Registered
Sinkuig fund 5s...l879-1929 A-O
1879-1929 A-O
Registered
Debenture 5s
1909 M-N
Registered
1909 Al-N
Debenture 5s
1921 A-O
-
89%
105
107
103
107
Feb’06
Mar’07
125
125
•
Registered
pl987 Q-F
Sinking fund 6s...1879-1929 A-O
i/Daej’ne
Feb’iL
100 4
Sale 100
f.i
j-j
j-j
j-j
j-j
j-j
j-j
j-j
j-j
J-J
J-J
J-J
Chic A Mo Riv Div 5s... 1926
Chic A Pac Div 6s
1910
Ohio A P W 1st g 5s
1921
Dak A Gt So g 6s
1916
Far A Sou assu g 6s
1924
Hast A D Div 1st 7s
1910
1st 5s
1910
I A D Kxten lat 7s
1908
LaCroase A D 1st 5s....1919
Mineral Point Div 5s....1910
So Minn Div 1st 6s
1910 M-J
SouthwestDiv 1st 6s....1909 J-J
Wis A Minn Div g 5s....1921 J-J
Mil A No 1st M L 6s....1910 J-D
1st consol 6s
1913 J-D
Chic A Northw cons 7s....1916 Q-F
Extension 4s
1886-1926 F-A
on
113 4
J’ne’06
101
89 4
....
67%
r
T
•
Louisv N A A Ch 1st 6s. 1910 J-J
Chic MU A StP term g 5s 1914 J-J
General g 4s series A..el989 J-J
General gold 34s
1134
76
98
Chicago A Erie See Erie
Cliic in A Louisv ref 6s... 1947 J-J
Refunding gold 5s
1947 J-J
Registered
Mar’07
99% 1004
99
113% Feb’05
99% Feb’06
M-S
100
Gold 4s
1949
Iowa Div sink fund 5a..1919
99
100
8 inking fund 4a_
..1919.
Nebraska Extension 4s. 1927 M-K •100
M-N
Registered
1927
Southwestern Div4s....1921 M-S
Joint bonds See Great North
103
Debenture 5s
1913 M-N
Han A St Jos consol 6a.. 1911 M-S
Chic A E Ill ref & imp g 4s 1955 J-J
1st s f cur 6s
1907 J-D
1014101%
1st consol g 6s
’.....1934 A-O
General consol 1st5s....1937 M-N •1*12
il4
1937 M-N
Registered
Chic A Ind C Ry 1st 5s. 1936 J-J
Registered
«1989
General g 3 4s senes B.el989
Chic A LSuDivg5s....l921
104
107
112
1989 J-J
1
**"
997e 1004
104
May’Ob
1992
5s....1940 J-J
1st con g 4s.. 1989 J-J
1950
Ohio Burl A Q—DenvD 4s 1922
Illinois Div 34s
1949
Registered
......1949
100%
100%
99% Mar’07
116
g
5s..1941
High
18 123 4 126 %
894 Feb’07
1014104
1992
Registered
Since
J’ne'Ot
111
100
90%
904
90%. 90%
Mar’07
70% 243
Dec’05
85
19
117
90
68
82
DO
77
91%
Jan’07
1174 1204 Mar’03
111
Nov*05
117
117
1044 105 Mar’07
82% Mar’07
105
108*4
82
108
85
113
Next Page.
United RRs San Frsf 4s.1927 A-O
United Rys Ht L 1st g 48.1934 J - J
W Chic St 40-yr con g 5s.1936 M-N
Mar’OS
January 1
105% Feb’07
124
123% Mar’07
Street Railway
107
Met St Ry gen col tr g 5a.l997 F-A
Ref g 4s
92%
2002 A-O
1034
BwayA 7th Av 1st eg 5s 1943 J-D •108
CoiA 9th Av 1st gu g 5s.1093 M-S
1014
1084
108
Lex Av A P F 1st gu g 5s 1993 M-S
Third AveRR con gu 4s 2000 J-J
'89*'
Third Ave Ry 1st gos.. 1937 J-J
884 Met WS El (Chief 1st g4s. 193S F-A
85
Mil El Ry A L 30-yr g 5S.1926 F-A
Minn St Ry 1st con g os. .1919 J - J
N Orl Ry ALtgen 44s ..1935 J-J
St Jos EyLtHAP lsfcg 5s’37 M-N
St Paul City Cab cong 5s_1937 J - J
93
Underground of Lon 5s... 1908 J-D
77
82
Union El (Chic) 1st g 5s..1945 A-O
May’06
Range
123 4 123 4
...1939
General gold 44s....
HON 1)?—Continued
Street
Ht3
£<
O
^
115
Nov’03
115 4 Ang’05
105
..
Stamped
la pret income g
904
J’ne’06
96
9978
102
»2
,
Carolina Cent SeeSeab Air li
Carthage A Ad See N Y C A H
OedBIaPAN &ee BCR AN
Oen Brancn By See Mo Pao
Cent of Ga RR lat g 5s..pl946
Consol gold 5a.
1945
Registered
.....1945
1st pref income g 6s—_.pl94£
Ask Low
93
*
Albany A Suaa bet Del A Hud
Allegheny Valley Set Penn KK
▲Beg A West See Bud RAP
Ann Arbor lat
g 4s
A1996 Q-J
Atcb TAB Fo—Geu g 4s. 1995 A-O
Bematered
1995 A-O
▲dlostment g 48......./11995 Nov
1966
Leh A Wilks B Coal os..1912
Con ext guar 44s....i/1910
N Y A Long Br gen g 4s 1941
Cent Pacific
See So Pacific Co
CentVermont 1st gu 94s.el920
Chas A Sav See Ati Coast Line
Ches A Ohio g 6s ser A..A1908
Gold 6s
al911
1st consol g 5s...
1939
Registered
ate At Coast
Debentures 4a Series P.1908
Series G
1909
Series H
1910
Senes 1
1911
Series K
1913
Bast Okla Diy 1st g 4s. .1928
▲41 Knox AN See LAN
▲tlautic Coast 1st g 4s.h 1952
Charles A Sav 1st g 7s..1930
8a▼ PAW let gold 6s.. 1934
lat gold 6a
1934
▲la Mid lat gu gold 6s ..1928
Bruns A W 1st gu g 4a ..1938
LAN coll g 4a
ol»62
Sia
1
or
Last Sale
;
2d consol g4s
Warm Spr Val 1st g
94
laba Midi
Alabama
Cent see bo ByLine
Stamped..........
Oonv g 4s
| Marcfi 29
1024
92 4
of $6 to £.
Week’s
Range
41987
Craig Valley 1st
Railroad
Registered
Registered
Railioay 1st lien 34s...1950
Feb’07
Mar’07
Mar* 00
Mar’07
20
Friday
Greenbrier Ry lstgu g 4s ’40
Chic A Alt RR ref g 3s...1949
96% Jan ’07
26
Price
D
Cent of Ga RR—(Con.)
(Jhatt Div pur mou g 4s.1951
Mac A Nor Div 1st g os. 1946
Mid Ga A Ati Div 5s.... 1947
Mobile Div 1st g os
1945
Cen RR A B of Ga col g 5s 1937
N
Cent of
J gen’i gold 5s. 1987
98*4 103*4
OS3* 99
Mar’02
101
126
120
96
96
6a deferred Browu Bros ctfs.
96*4
964
87*4
874
U7 4 J’ne’06
1054Dec’04
•100
102
100 Ja
31
2
130*4
12941304
99%
99%
97 V
Stare Securities
Aug’OG
103%
t 99*4 Bale
4 9934 Bale
1964
Alabama eurr fund 4s ....1920
Dltt of Columbia 3-65S....1924
Louisiana new consol 4s.. 1914.
North Carolina consol 48.1910
6a
1919
So Carolina 44* 20-40
1933
Team new settlement 3s..1913
103 4
PA(iES
Range
Sid
If 8 8s registered
Arl9lS
USSs ooupon
ki9is
U S Jg res small bonds..kl91b
US3r cou 8mail bonds.. IT 918
US 4s registered
h 1907
USm coupon
/tl'JO?
U S 4s registered
.....1926
U 8 4« coupon
1925
U8Pan Can 10-30 yr 2s./ei936
Pbiltiitune laiRndn 48.1914-34
Pub wks and imp resr 4s 1935
Pub wks and imp reg.,.1936
Gold 48 of 1904...
Week's
Mange or
March 29
t1. JK. (*oT«rn»i«ui
U09a cou»alregi*tered.dl930
U S2so<mim)1 <y>rtptm....til930
2d aeriaa 6a
Price
Frida*
FOCK
ADue J’ly
AiDueAug
82
111
108
108
1124 1134 Feb’07
1134 1184
113,% Dec’06
86
84%
S64
.112 4 Mar’07
93 *a J ’iy’06
113
109
J’ly’06
107 4 Feb’06
894 90 4 Sep ’00
103 4 Oct 'Od
1104 Nov’OC
78
75
80
100
Jan ’07
754 78 4 Mar’07
83
S3
83 4
.
99
oDae Oct
IS
«6
89**
112 41144
32
75
100
94
100
784
834
83
85
Dec *97
pDueXov
5
Option Sola
Mar. 30
BONDS
Chic Bock i A Pac—(Con)
Choc Ok A G gen g 5a .ol919
Consol gold 5s
1952
Keok A lies M lsl 6s....1923
Clue ml&NO See 111 Cent
Chic St Li & Pitts bee Penn Co
Clue St P M A O con 6s...1930
Cons 6s reduced to 3 4s.1930
Ch St P A Minn lstg 6s 1918
Nor Wisconsin 1st 6s... 1930
St P & S City 1st g 6a... 1919
Chicago Ter Trans g 4s... 1947
Coupon oh
Chic A West Inrlgeng6s91932
Consol 60-year 4s
1952
Cine A W .Mien bee Pere Marq
Choc O A G uli bee C R IA P
Cin H A D 2d gold 4 4s...1937
Cin DAI 1st gu g 5s. ..1941
C hind A Ft W 1 st gu 4s g.”J3
Cin 1 A W 1st gu g 48.1953
Ind Dec A W 1st g 5s...1935
but
J-J
M-N
A-O
107*3
Range
binee
Last Sale
Ask Lota
109
110* ‘ 111
^-0
January 1
High Ao Low
Nov’00
131
May’06
128
128
93
Dec’03
128
131*4 Feb’07
129\ Mar’t)4
125*4
12034 1206g Feb'07
973j 99*4 Nov’Oti
98
984 Mar»07
A-O
J-J
1107.
Q-M
97 7»
J. J
J-J
1044
M-N
M-N
- —
88
100
J-J
J-J
J-J
C A St L
c yt L
bee BK&P
ii»*9 i’20^
98*a 99*4
11078 113
977# 98
Oet. ’00
105*4 Mar*07
106*4 105*4
83
Jan ’07
104*3 Feb’07
107 4 Dec’01
83
83
104*4 105
Registered
Cm S & Cl con 1st g
C C C A I consol 7a
96*8
98
99*8 Jan ’07
97
Mar’07
973< Feb’07
97
Jan’07
9934 Feb’05
974 Sale
97*‘
97
97
106*8
974 Sale
....£1930
1st gold 4s
-
£1936
99
.1914
132
1934
Ind BL A W 1st pref ia.1940
O Ind A W 1st pt 5a...<<1938
Registered
66
93
Bale
67
89 7s Sale
Beiund & ext 44s
1935
Ootuin A tireeuv bee So Ry
Col A Hock Val bee Hock Vai
Col <fc Toi bee Hock Yal
Col Conn & Term bee N & W
Conn A Pas Riva 1st g 4a. 1943 A-O
Dak
alias
& AGlWaco
Bo beebeeC MM AK St
A P
T
92
1915
1st ref gu £3*38
K Y Back AW 1st
Construction 5s
...£000
1923
improve4s.... 1923
Warren 1st ret gu g 34s.2000
Dal A Hud 1st Pa Div 7s.1917
1917
Salt
10-5T oonv deb 4 a
1916
AID A Bus conv 3 Hi1’
1946
Rena & Saratoga 1st 7s. 192]
Del Rtv RR Bridge bee Pa lilt
Deny A R Grist cou g 4a. 1930
Sub*
95
Improvement gold 5s... 1928
Rh> Gr June 1st gu g 5s.1939
BiegrSo 1st gold 4s....1940
Guaran t eed
1940
Bio Gr West 1st g 4a.... 1939
Mgeand col trust 4sA.1949
Utah Cent 1st gug4s al917
Des Mol A Ft D
bee M A St L
Des Moi Un Ry 1st g os..1917
Det A Mack 1st lieu g 4s. 1995
Gold 4s
1995
Gray’s Pt Term
Gt Nor—C B A Q
Registered, h
Greenbrier Ry
1990
Registered
lat consol gen
97
Jn.n’02
| i ] it
Sep '04
Mar’U7
92
92 4
89
lien g 4s.. 1996
Registered
Penn coll tr g 4s
60-year conv 4s A
-
1990
1951
1958
do
Series B... 1953
BultN YA Erie 1st 7s..1916
Buff A S W gold 6s
1908
Ohio A Erie 1 st gold 5s.. 1982
ClevA Mahon Vai g 5s. 1938
Jeff RR 1st gu g 5s....al9U9
Long Dock consol g 6s. .1935
Coal A RR 1st cur gu 6s. 1922
Dock A Imp 1st cur 6s..1913
N Y A Greeu L gu g 5s. 1946
107
99*4
Hock Val
89*4
95
95
77
101 *« 104*4
1103« 1114
86
Oct ’06
111 *2 Jan ’07
112*2 Feb ’06
111
112
M-S
M-S
A-O'
J-D
M-S
M-S
127
’*96"
J-J
J-J
J-J
J-J
F-A
81
A-O
78
Bale
il9‘
122
104
J-J
A-O
A-O
16
95*4 109*4
95
92
95
8734
8734
92
92
92
92*2
110*8112
side
86*2
110
109
..
..
101
130
Feb’07
127 Nov’05
104Feb’06
115*4
ll&Vi
116*4 Jan '05
101
101
130
Mar’07
118
M-N
J-J
10c
M-N
110
1#07§1007e
1125
Kings Co ElLAPg5a...lU37
Purchase money 6s...... 1997
Ed El ll Bkn 1st con g 4s 1939
12914
Feb’06
80
73
619
96*«
99*4
80
88
85*4
85*4
84
76
85
J-J
F-A
M-S
J-D
FA
,F-A
M-N
A-O
A-O
A-O
J-J
99
70
100
63
116
1204
64
100
100
1014 Nov’06
Feb '07
103 4 105
61 4 Oct ’01
86 4
103
89
86>4 Feb’07
107-4 Dec’00
Mar’07
103
98
Friday; latest bidand naked this week, v Due Jan
Sale
104
102 *2
130
0
....
....
....
100
100
105
105
86 4
103
80*4
103
....
117
117
2
103
100
Feb’07
894
98-0
85*8
96 4
102 4102 4
21
104
1033e 1054
Nov’oO
109 *2 Sep
106
’06
104*4 Aug’oo
100*2
95*3
99 *2
70 "
102
Feb’07
J’ly'oo
J’ne’OO
102
Oct ’01
Oct ’04
Mar’07
10234 100*4 Mar’07
100
91
88*a
1*22E
•
....
....
102»4
102
1004 le34
M»y’06
10234 Jan ’07
893, Feb’o7
123
May’99
78*2 Apr’06
7834 Feb’07
89
1 ol *«
100
102
122
10041004
....
1024 10‘234
....
Mar’07
Oct ’99
Nov’OO
Jan *07
Dec’05
Mar’07
121 *4 Dec’06
11934 Mar’04
8934
91
78*4
7«\
88*4 89
....
97
102
102
97"
97
....
93Ss May’04
100 *2 Mar’U7
100*2
97
97
99
114
Sale
79
108
80
95
65
100
97
100
Feb’07
114 *2 Mur’07
95
95
79
Jan ’<)7
111
Feb’o7
85
Feb’07
3
10041004
97
97
‘*3
11441154
95
99*4
"
77
109
85
79
111
85
69
79
Kill AA &Mich
^LSAMS
G R bee
Tol A O C
an
K C Ft SAM
See St L A S F
K C A M R A B bee St L A S F
Kan C A Pacific bee M K A T
Kan City Sou 1st gold 3a.. 1950 A-O
Registered
1950 A-O
69
-
69
63
69
6
Oct ’00
Kentucky Cent Fee LAN
Keok A Des Mo bee C R IAP
K11 o x v 111 e A O hio bee So Ry
I ake Eria A W 1stg 5s..1937
LJ 2d gold 5s
1941
North Ohio 1st gu g 5s..1945
L Sho A Mioh S bee N Y Cent
Leli Vai NY 1st gug4*4S.1940
113
113*4 113
107 7s 107 7b Feb’07
117
Jan’06
J-J
J-J
A-O
113
105
J-J
107*2 Sale
iwegistsxed
1940 J-J *10634
Lehigh Val (Pa) cons g 4s. 2003 M-N
110
Len V Ter Ry 1st gu g5».1941 AO
1941 A-O
Regis tered
Leh V Coal Co 1st gu g 5s. 1933 J-J
Leh ANY 1st guar g 4s..1945 M-S
Registered
1945
E10 A N 1st pf 6s
1914
Gold guar 5s
1914 A-O
Leh A HM R bee Ceut of N J
Leh A Wilkesb bee Cent of N J
Leroy A Caney Val bee Mo P
Long Dock bee Erie
Long Isl’d—1st con g 5s./il931 Q-J
1st consol gold 4s
/il931
Gold 4s
Unified gold 4s
Debenture gold 5s
Guar ref gold 4s
n
M-S
1932 J-D
1949 M-S
1934
1949
Bklyn A Mont lstg 6s..1911
•.
AM
96
on
107*2
10734
112 *8 Nov’05
.3
112^114
1074
5073s
6 107 4 107\
95
Oct ’06
116
Oct’06
109 4 Oct ’99
112
Apr ’06
9634 Jan ’07
...
96*4
96\
113 7g Jan ’06
105*4 Jan ’00
105
100
112*4 114*2 113
99
91
1134
95 4 Mar’07
102
Nov’05
99*4 Oct '06
95
Mar’07
95
110
J’ue’04
Mar’07
96*2 96
94
107*2
M-S
1911 M-S •100*s
1st 5s
N Y BAM B 1st cougos 1935 A-O
N YA R B lat g 5s
1927 M-S
-J
NorSkB lstoon ggu5sol932
S
Louisiana A Ark 1st g 5s. 1927
BONDS*—Continued
107 4
73 4
13934
S43<
9S34 Nov’06
Dec’06
100
8 113
....
....
....
Mar’07
110*4Nov’06
109*4 Jail ’07
Nov’06
103 4 Feb’07
114l«
99
95 4
94
L
954
*96
*99*i
ioo
io££
109*4 1094
109
3:i
15 106
2
53
94 116
111
87
108
1
100
10U
St L Sou 1st gu g 4s
1931
Ind Bl A West beeCC C A St L
Ind Ill A la 1st g 4s
I960
Iut A Great Nor 1st g 6s..1919
2d gold 5s
1909
3d gold. 4s
1921
Iowa Central 1st gold 5s..1938
Gold 4s
1951
Jetlersou RR bee Erie
193b
101
101
130
13
450
92
1
8S3fc
lOS^
103
108
Bellev A Car 1st 6s
1923
Garb A Shaw 1st g 4s...1932
Chic St L A N O g 5s...1951
1922
10 116*4119
io6«s ibo‘4
100
89*4
S8na
1951
1951
Registered
Gold 3*48
Ferry gold4*4S
87
....
Mar’9 8
109
b4a4
100
95
1951
1951
Extended 1st g3*as
1951
1st gold 3s sterling
1951
Coll Trust gold 4s
1952
Registered
1952
L N O A Tex gold \s ...1953
Registered
7??...1953
Cairo Bridge gold 4s....I960
IiomsvDivATenn g3 *48.1953
Middle Divreg5s
1921
Omaha Div 1st g 3s
1951
St Louis DivAterm g 3s. 1951
General gold 4s
Dec’06
Feb’07
1174 117
934 Mar’06
100
Registered
91*2
Sep’Oe
106 4
108*4
S434
Sale
1st gold 3*48
1<)334
1097e Oct ’06
121 *4 Dec’06
106:<s
92
Col A Tol 1st ex 4s
1955 F-A
Houst E A W Tex bee So Pac
Houst A Tex Cen See So Pac Co
....
a03
4 *1034
Next Page.
Gas and Electric
J-D
M-N
106 4
AO
63
J-J •116
100
••••••
96*8Mar*07
76
85
lstconsolg4*4S.1999 J-J
Registered
1999 J-J
Coi A H V 1st ext g 4s.. 1948 A-O
M-S
A-O
MISCELLANEOUS*
(lac ami Electric Light *
Atlanta G L Co lstg 5s...1947
Bklyn U Gas 1st cong 5s.1945
Buffalo Gas 1st g 6s
1947
Cousol Gas conv deb 6s.... 1909
Consuru Gas bee P G A C Co
Detroit City Gas g 5s
1923
Dot Gas Co con 1st g os...1918
ZdElillBkn bee K Co E LA P
BdElll bee NYGAELHA P
Jtq G LN Yr 1st con g 5s..1932
Gas A Elec Berg Co c g 5s. 1949
Gen Electric deb g 3 *33.. 1942
Gr Rap G L Co 1st g os...1915
Hudson Co Gas 1st g 6s..1949
Kan City (Mo) Gas 1st g 5s 1922
110
111*2111*4
Jan’07
99*4 Oct ’06
80
82
85*4 Feb’07
84
Mar’07
•
1961
1951
Registered
1951
Memph Div 1st g4s...l951
93*4 97-\
102 *s 102 *s
104'J4 105 *2
100’s Feb’07
Mar’07
127
133
Dec’06
....
10U6e Feb’07
114
Apr’05
106*4 Feb’06
Gold 3*48
107*2 Jan’06
109*» Dec’06
108*4 Aug’06
110*4 Oct ’06
M-Nj IOP4
117
Registered
Mar’o7
85
111
Apr’06
Registered
1951
Spring Div 1st g A *48...1951
Western Lines 1st g 4s. .1951
1134 114 4 Nov’06
M-N
A-O
J-D
J-J
M-N
92*2
87*4 Feb’07
93
1937
Elgin J oi A Bast 1st g 5s.1941
99*4
Dec’05
Jan ’05
92
85
5s 61952 J-J
Han
A St Jo beebeeN CY BN AH QA H
ousatonic
74*4
94 *«
9*4
92*4
86*4
90
.1916
2d 6s
I
Dul Short Line bee Nor Pao
Dnl So Shore A Atl g 5s..1937
L' aat of Mi mi bee b t P M A M
r.ast Ten Va A Ga bee So Ry
Elm Oort A No bee Roll A N Y
Erie lat ext gold 4a.
1947
2d oxt gold 5s
1919
3d ext gold 4 4s
1923
4th ext gold 5s.
1920
6th ext gold 4a
1928
lat oonsol gold 7a
1920
lat consol g fund 7s
1920
Erie 1st con g 4s prior..1996
! 94*3
A-O
Sale
bee C'hes A O
99
6J 67
116
105
109
bee St L S W
coll tr4s 1921 J-J
1921 Q-J
97*4
7234
..
bee Sea A Line
bee Sea A Line
97
96
Feb’03
102
Feb’06
133
149
Aug’Ol
98 4 294
95*i
95 4 158
95
Dec’06
133*2
76
89
Detroit Southern—
Ohio Sou Div 1st g 4s... 1941
DmicV Iron Range 1st5s..1937
Registered
67
67
89*4
90
95
Feb’07
ai HHar
ASA
bee
Pac Co
Giial
So5S.1913
1st
A H
of 1882
984
64
Oct ’06
104 *ft oct '06
Lit#
Oct’06
Fargo A So bee Ch M A St P
983u
94
25
K'S
100 4 H*3
Feb’07
100‘2
108
101*2
illinois
Central 1st g 4s.. 1951
Registered
1951
1U2 *2105 4 102‘s Jan’07
106
106*j Feb’07
109
Mur’05
1936
Consol gold 4 4s...
66
H%ah
High Ao Low
10 108
108
118
ioii*9
lint A Pere M
bee Pere Mar
FlaCAPenm See Sea Air Line
Fort St U D Co 1st g 4*48.1941 J-J
Ft W A Den C 1st g 6s....1921 J-D
Ft W A RioGr 1st g 4s... 1928 J-J
97
t31*tl32
bale
Range
Rinse
January 1
*0
<5 <
100*4 Dec’Ot*
F-A
F-A
110
M-N
M-N
103
A-O
J-D •108
J-J
1st general gold 5s
1942 A-O
Mt Vernon 1st gold 6s..1923 A-O
Soil Co Branch 1st g 5s.1930 A-O
99^8
118*4 118*2
Last
Auk Low
108
Rid
J-J •108
Ev A Ind 1st con gug 6s...1926
Erie A Pitta Aes-Penn Co
Evans A T H 1st cons 6a. 1921 J-J
Gulf A S 11st ref A t g
121*4 Sep *06
11034 Feb *07
102;i# Aug’06
6S...1921
Registered
Mar’07
Erie—< Con )
N Y bus oe W 1st ref 5s.1937
2d gold 4 4s
1937
General gold 5s
1940
1st
Terminal
gold 5s... 1943
Reals $5,000 each... 1943
Mid RR of N J 1st g Os. 1910
Wilk A Ea 1st gu g 5s. 1942
97*4
99*6
Feb’07
64
Week's
Range or
97
904102
101 *« Mar’07
119 4 Nov’06
122
Sep’06
127
J’ne’05
101
Dei Back A Western 7a...1907
Morris & Essex Ist7a...l914
lstoonaol guar 7s
1915
94 4
Lrice
bruiav
Jfarch <)9
Ga Car A Nor
Georgia Paeitio bee so Ry
Gila VGA Nor ( bee So Pac Co
Gonv A Oswegat bee N V Cent
Grand Rap A Ind bee Penn HR
104 *2 Nov’01
Peo A Fast 1st con 4s...1940
1990
Income 4a
Giev «te Marietta bee Penn RR
Cluv A Pitta bee Penn Co
Ooi Midland 1st g 4s
1947
Colorado A Son 1st g 4s...1929
Registered
68
113*4 J’ne’06
118 4 Jan’07
5s, .1928
BONDS
N. Y. STOCK EXCHANGE
Week
E.vdino March 29
Georgia A Ala
98
Sep ’06
105
Jan’04
97 4
99
99 4 Jan ’07
Consol sink fund7a....1914
General conaol gold 6s.1934
131
131*4 131*4
Mar*07
111
97 7e Feb’07
113
Clearfield & Mah
Cley Cm C A St L gen g 4s 1993
Cairo Div 1st gold 4a....1939
Cin W A M Div 1st g4s.1991
8t L Div 1st col tar g 4a..1990
1990
Registered
Bpr & Col I)iv 1st g 4s.. 1940
W W Vai Div 1st g 4a...1940
CiStLAC consol 6s.. 1920
No prtee
High
bee G C
iSM c c
Term &
Weetfs
Range or
105^8 Nov’06
J-I<
J-D
M-N
J-J
1935
gold 5a
CIstL*(;
Oln S & (J
Lmee
lYidav
March 29
-2t
N. T. STOCK EXCHANGE
Wbkk RiTDiBr® March 29
1 at guar
7A&
New York Bond Record—Continued—Page 2
1907.]
Light
LaeGasLof St List g5s.cl919 Q-F
Ref and ext 1st g 5s
1934 A-O
Milwaukee Gas L 1st 4s.. 1927 M-N
NYGELHAPg 5s...1948 J-D
Purchase money g 4s. ..1949 F-A
Ed El III 1st conv g 5s..1910 M-S
1st consol gold 5s
1995 J-J
NY&QEl LAP1 st con g5sl930 F-A
N Yr A Rich Gas 1st g 5s.1921 M-N
Pat A Pas G A E con g 5s. 1949 M-S
Peo Gas A C 1st cou g 6s. 1943 A-O
Refunding gold 5s
1947 M-S
ChG-LACkelstgugos 1937 J-J
Con G Coof Ch lstgug5s.’36 J-D
Mu Fuel Gas 1st gu g 5s. 1947 M-N
Syracuse Lighting 1st g 5s.’51 J-D
Trenton-G A El 1st g 5s.. 1919 M-b
Westehester Light’g g 5s. 1950 J-D
102
91
99 *2 Sale
Feb’07
91*2 Jan ’07
99*2
99*2
80
80*/
99 *j Mar’07
113*4 J’ne’06
99
9S34 Dec’06
103
Nov’06
10t3* Nov’05
Feb’07
119
118
103*2 103 *2 Mar’07
Mar’07
100
Jan ’07
102
103 *2 Dec’05
105
80*4
81*2
100
105*«
102**
91*2 91*0
99*4 103*0
80
84 70
99
99*0
102
102
102*2 102*8 Mar’07
26
16
119
102
100
102
119 •*
103*0
100
108
104*2
110
99*4
b Due Feb d Due Apr e Due May ZtDueJ’Iy £ Duo Aug 0
1101*2
May’05
Feb’07
101*2102
Due oct q Due Dec j OcUtn Bali
New York Bond
736
Price
FYicLa v
March 29
cx
N. Y. STOCK EXCHANGE
Wkkk Kxnistt Makch 29
)
l
)
i
J-D
M-N
J-J
J-J
Bid
111
Weekft
Range or
Lawt Sale
1154 Mar’o7
9 7 4 Sale
A.n
95
Salt
J-D *109 4
I
M-N
J-J
i A-O
g
4
>
I
Pensacola Div gold6s...
1
;
Knox <fe Nor 1st ir5sl94i
,
J
.
J
M-S!
MS
M-S
J-D
M-S
J-J
tf.S
N
.T
.
See
Dec’05
Mar’07
96 4
Feb’07
Mar’05
Mar’07
....
....
112
109
98
112
121*
12
112
1074
£
.
...
1
96
97
4
80
92
But-Cauad 1 st gu g 4s. 194!
St Law <fc Adir 1st g 5s. 1990
994
994
1023s
Vf.<i
112
....
112
3
994
99 4
3 100 4 102 4
102 4
82
83
22
204
154
22 4
154
82
81
20 4
14 4
lb
273.
21
West Shore 1st 4s gu...2361
Registered
J-I)
J-T>
A-O
j.n
M-N
M-S
J-J
125
130
111 4
118
118
113 4
1094 109 *2
-
Mar’07
Oct ’05
Jan’07
89
Mar’05
Mar’07
93% Feb'07
98
97
Apr’00
96
99
103
Mar’07
Nov’01
95
96
814
103
81
;:;;i
....
130
130
118
118 4
109
92
110 4
94
99
99
J-D
F-A
1st ext gold 5s
1944 M-N
1st ifc refund 4s
M-S
Gen s f 4 48
J-J
St L Div 1st ref g 4s
2001 A-O
M-N
F-A
A-O
M-N
M. K dt T of T 1st gu g os. 1941 M-S
J-D
M-S
M-N
M-S
M-S
F-A
40-vear cold ioan 4s
M-S
1!
3d 7s extd at 4°0
M-N
IS
F-A
95
80
lu3
96
Sait
Salt
......
.
80
103
52
39
81
1-3
834
8*2
82
104 4 Jan ’07
96 4 Feb’07
83 4 Sai©
82
Sale
107
102
104
107
118
102
1U4
118
10 L
Salt
104
Sale
93
95
95
J-D
110
ioo
80
oaic
87
Sale
......
_
122
1064 110
....
-n
.
.
94 34
94
92
93 4
115
J-J
A-O
J-J
J-J
J-J
1 1
3%
1154
•
F-A
F-A
F-A
904 Sale
-
-
-
....
1164 117'\
1134 110
J’ly’04
1024 1024
....
814
83 4
84^4 Jau’b7
......
83
•
J-J
J-J
J-J
_T,_
I0i34 102
844
874
102
Feb’07
Mar’04
90
92 4
94
83
03%
924
99
884
813* 87
83
874
8434 84%
102
1024
I
1
A-O
90
01
.....
96
.Sale
......
100
.....
95
05
83
J’ly’06
107 4 Oct ’04
1
102% Apr’00
95 ~ Apr ’02
59
02% 598
107% Dec’04
107
May’97
105 4 Dec’OO
-
105
Oct’00
78
Feb’07
Sale
94
95
106 4 Jan’07
104 *3
105 8
102
Dec’03
100
Feb’07
93 4 90
90
93 4 Feb’07
......
.....
09
90
*No price Friday; latest bid and asked.
......
gDueJan
6Du©Feb
1024 Mar’07
102
100 4
103
1004
102
1024 102 4
25 102
105
1 10041034
Feb’Ot
95
96
0
104
130
95
Sep ’Ot.
1014
12*9*4 i*30**
Feb’07
1303, Feb’Ot
Oct ’Oti
93 4
*
94 4
103 4
Feb’06
Mar’07
80
Feb’06
16*0 ’*97*4 *99*4
95
’*43
96*8
914
85
‘9*0*4 *9*9 4
Mar’07
101
3am
......
70
*
v
iuo4
Sale
71
100
lol
98 4
98 4
70
7i)*7i.
Feb’07
9534 Jail ’07
14)
30
100
To
71
95
99
120
132
113
106
no
90
Ill
Mar’07
....
4
71
34
0534
120
120
108
10334
J’ly’99
Mar’Ut
10834 Feb’07
98 4 Oct ’60
93
1024
98 4 102
70
74
1
'
ii
May’Ut
II334 Mar’uT
L13:*4 11334
95
1004
59
764
f#tttT
...
8
78
94
784
95
10641064
17 104 4 106 4
ioo
2
....
90
100
98
93 4
cDueMar
934
See NYC
OOF&StP See C A N W
ac Coast Co 1st g 5s
1940
ac of Missouri
See Mo Pac
Panama lsts fund g44«-. 1917
Penn RR 1st real eat g 48.1923
Consol gold 5s
1919
Consol gold 4s
1943
Convertible g 34s
1912
Convertible g 3 4s
1915
Alleg Val gen gu g 4s... 1942
D R It R & Bgelstgu4sg.’30
PliUaBalife W 1st g 4s..1943
Sod Bay A So 1st g 6s...1924
Sun A Lewis 1st g 4s... 1930
U N J RR A Can gen 4s. 1944
Penn Co—Guar 1st g 4‘as. 1921
1024
107
Mar’07
A-O
M-K
io3*‘
M-S
M-N
101
MN
933, Sale
J-D
9034 sale
97
M-S
97 4
F-A
M-N nu3
103
101
J’ly’DO
J-D
.’”!!!
J -J
•98**
J-J
M-S
Gu 34s tr ctfs C
1942
Ga 3 4s tr ctfsD
1944
Guar 15-25 y arg 4s
1931
Cl A Mar 1st gu g 44s.. 1935
Cl A P gen gu g 44* ser A. *42
Series B
1942
Series O 34s.
1948
Senes D 34a
1950
on
874
95 4
i
944
874
98
100
Auir’O:.
90%
93% 360
884
90 4 349
1044 Oct ’05
107 4 Oct ’Oi
102
Jan ’Or
90 4 j’no’Ot)
90
Oct’00
95 4 Mar’07
89
Oct ’0‘.
90 4 Mar’OO
97 4 Jan’07
1084 Aug’03
96
109
LoT* ioi*’
Mar’07
105 4 105
J-D
J-D
A-O
M-N
J-J
A-O
M-N
F-A
....| L07
1114 Sep ’04
lit)4Sep ’On
1054
10534 Febi07
J-J
Registered
1921 J-J
Guar 34« coll trust reg.1937 M-S
Guar 3 4s colltr ser B...1941 F-A
Tr Co eertif’s gu g 3 4s.1916 M-N
BONDS—Continued
-r-r *
90
95
4
Oi
-
90
914 118
92 4 Jan ’07
94
95 4
32
83
83
29
84
Mar’07
83 ^ Feb’07
94
b*i.
82 4 83
944
103
127
130 7, 127 4
98 4 Suit
97 4
100
05
95
85
85
105
109 4
98
994 99 4
■
■
A-O
J-J
J-J
M-N
F-A
103
102
129
*
...
Dec’On
1024 Jan’07
834 85 4 Mar’07
1951 A-O
100a4 10034
100 4 Nov’Oc
94 4 Dec’06
94 4 Jan’07
....
1174 117 4 Mar’07
11334 Mar’07
119 4 Feb’00
1174 Mar’05
113
100-% Jau ’07
Sale
.
M1SCKLL iNKOUS
9134
927b
66
Sale
101 4 j’ne’lh
N Y & Put See N Y C & H
N Y & B B See Long Island
N Y S A W See Erie
N Y Tex & M See So Pac Co
Nor<fc South 1st g 5s
1941
Norf & West gen g 6s
1931
Improvem’t & ext g 0s.. 1934
New River 1st g Os
1932
Oswego & Rome
J-J
Blrra Div 1st consol 6s..1917
Cah C M Co 1st gu g 6s. 1922
Be Bar C A I Co gu g 6s. 1910
Val ron Coal A Co 1st g 58.1949
Victor F el Dt s f 5s
1953
91
...
.
.
1084 Mar’07
J-J
-
See S P Co
Bunday Creeu Co g os....1944
Tenn Coal gen 5s
1951
Tenn Div lstg 6s
al917
13
96
n
93
Nov’OO
Mar’05
92 4 Aug’OO
101
Nov’04
'
C oni and Iron
Bol F A i Co gen s t g 5s..1943
Convertible deb g os....1911
Ooi Fuel Co gen gold 6s. 1919
Gr Kiv Coal A C 1st g 0sl919
Sleart Bit Coal lsts f 4s...1940
CoLIudu IstA coll 5s gu..l934
Contin’talC lsts f gu5sg.l952
Jett A Clear C A 11st g 5s. 1920
Kan A H C A C 1st s f
g5s.l951
Pleas Val Coal 1st gsf 5a. 1928
92 4
Vf. (;
....
93 4 Jan ’07
~
pl992
....
See li A O
See St P M ifc M
1st consol 4s
91j4
92 4 Mar’07
92 4
91
....
MonongaliHa Kiv
New HAD see N Y N H <fe U
N J June HH See N Y Cent
New A Cm Bdge See. Lou ifc N
N O & N E prior lien g us pl915
N Y Bkln ifc Man Bell See L 1
N Y Cent <fc H Riv g 3 4s. 1997
Registered
1997
Deben g 4s
1934
Lake Shore coll g 34S--.1998
Registered
1998
Mich Cent coll g 3 4s...-199b
Registered
1998
Beech Creek 1 st gu g 4s. 1930
Registered
1930
2d gu gold 5s
1930
Beech Cr Ext 1st g 3 4s 61951
1034 Aug’OO
124
....
1224 Mar’07
192
.......
05
95
914
J-J
J-J
MS
M-N
j.n
A-O *103
A-O
103
Salt
J-J
1U0 4
J-J
....
-
80
82
85
87
107 4 Apr’00
98
Dec’00
95
05
104
Dee’06
118 4 j’ly’00
119
J’ue’Oi
M-N
M-N
F-A
A-O
A-O
11041114
A-O
1004 1074
Div’l lstlife gen g4s...1944 J-J
1 102
106 4
Pocah C & C joint 4s.. 1941 J-D
i04
104
C C & T 1st gu g 5s
1922 J-J
100
107
Scio VANE lstgu g4s 1989 M-N
61 118
1194 North Illinois Bee Chi & N W
101
105
North Ohio See L Erie & W
Nor Pao—Prior lien g 4s..1997 Q J
i 101 i'0'5
Registered
1997 Q-J
80
90
General lien gold3s....a2047 Q-'F
Registered
a2047
8
93
St Paul-Duf Div g 4s
9634
1996
Dul Short L lst gu 5s..1916 M-S
CB&Qcoiltris .S'eeGtNor
1014 1013,
St P & N P gen g 6s....1923 F-A
110
1174
Registered certltic’s..l923 Q-F
03 109 4 114
St Paul ifc Dul 1st 5s....1931 F-A
3 109 41094
2d 5s
1917 A-O
26
80
88 4
1st consol gold 4s
1968 J-D
15
85
924
Wash Cent 1st g4s
1948 Q-M
Nor Pac Ter Co 1st g 6s.. 1933 J-J
Nor Ry Cai See So Pac
1214 124
Nor Wis See C St P M & O
Nor & Mont See N Y Cent
93 4 04
lud A W
See. C C C ife St L
1084 1084
iuo ltiv llll See Halt & O
Ore A Cai See So Pao Co
Ore RR & Nav See Un Pao
Ore Short Line See Un Pao
...
102
1014 Jan ’07
L16 4 Mar’07
1094
111
109 4
1094
116
110-4 Sale
109 4 Sale
....
114
*
....
Mar’07
Jan ’01
118
106 4 Oct ’0:
95
Feb’UT
95
Feb’O'.
122
Jan’Ot
*1*13
125 4 Mar’06
107 4 Nov’OO
139
Jan ’03
....
Feb’07
100 4 1014 Mar’07
107 4 Feb’00
101
i'02 101
Mar’07
80
93
95
984
80 34 88
1 102
104
15
81
86
13
83
88 4
4
82
87
104 4 1044
05 4 95 4
.
1104 1104 Mar’07
......
J-J
Pac R of Mo 1st ex g 4s. 1938 F-A
2<l exteudeil gold 5a...193s J-J
St L I r Mife Sgen Con g 561931 A-O
Gen con stamp gtd gos 1931 A-O
Unified A rot gold 4s.. 1929 J-J
Riv A G Div 1st g 4s..1933 M-N
Verdi V 1 cfc W 1st g os. 1920 M-S
UobJ Jt (v C 1st cons g08.1953 J-J
Mob A Ohio new gold Os..1927 J-D
Cl. .T
1st extension gold 6s../i 1927 V*
u
General gold 4s
1938 M-S
Montcom Div 1st g 5s..1947 F-A
St L die Cairo Coli g 4a..el930 O-F
N:
J-J
N Y & Greenw Lake See
N Y & Har Bee N Y C & Hud
N Y Lack & W Bee D L A W
N Y L E & W Bee Erie
N Y<fc Long Br See Cent of N J
lew York New Hav A Hart—
Housatomc R con g 5a.. 1937 M-N
N H <fc Derby con cy 5s.191) M-N
N Y & North See N Y C & H
N Y O & W ref 1st g 4s..pl992 M-S
Regis $5,000 only
See St P M <fcM
Morgan's La ifc T
94*95
J-J
J-J
Q-M
J96
See B C K & N
Morris it Essex See Del L A \\
ash Chat A St L 1st 7s. 1913
1st consol gold 5s
192S
Jasper Branch 1st g 6s.. 1923
McM M Wife A1 1st 6s.. 1917
T <fc P Branch 1st 6s....1917
Nash Elor <fc 8hot See L ifc N
Nov’H'i
Mar’Oi
11334 Jau ’0L'
113
J-J
.T-J
J. J
M-S
M-S
100»6
90% J’ly’01
" May*00
J-J
J-J
Mont Cent
1014 Dec ’01
137
.T- J
105
j.r
97 4
119 4 Mar’05
99
J-D
J-D
M-S
J-J
5s.
82
Sale
22 4 Sam
14*2 15
97 4
1014 J’ly ’Ot
J-J *100 4
113 4 113 4
Apr ’05
1024
5
High
A-Ci
Jan’07
L04
97 4
974
105
Oct '02
Low
-
M-N
J-J
....
No
r
F-A
120
120
72 4 724
....
Since
January 1
High
1033fe
A-O
A-O
Guaranteed g 4s
1931
M ifc O coll 4s See Southern
Mohawk ifc Mai SecS Y C<fc JH
Ask Low
...
Range
«*» -W
or
Last Sale
9734
AO
A-O
A-O
'J-D
1154 Alar’05
97 ' May’06
A-O
A-O
Mex 1 nteruat 1st con g 4s. 1977
Mex Nortli 1st gold 6s....l91(
Midi Cent Sec N V Cent
Mid of N J
See Erie
Mil LiSds VV See Chic & N W
Mild; North See Ch M & St 1
Minn <fe St L 1st gold 7s..1927
Iowa Ex 1st gold 7s
1909
Pacific Ex 1st gold 6s...1921
Minn Un
.
j-d
M-S
F-A
M-N
»M-h
A-O
J-J
St L gu
Bid
J-D
......
109
95
1124 1134 Mar’07
McK’pt ife B V See N V Cent
Metropolitan El &<r«Man Ry
Mex Cent ooneol gold 4s..1911 J-J
J’ly
J’ly
<fc
LXXXTV.
Week's
Range
March -9
J
101
...
....
Price
Friday
<5 4^
1173,
6 l&L
Mahon
S
CoalRvconsol4s.
See L S «fe M199(
anhattan
Minn
si
High
1154
.1
F-A
F-A
M-S
LNAA Cli
J’ly’00
Low
...
-
Jan’07
72 4 72 4 Fob’O/
116
J’ly’06
108 4 Jan ’00
90
96
96
108
J’ly ’00
87
87
87
J-J
F-A
N. Y. STOCK EXCHANGE
Wkkk E.vdlng March 23
115
108
04
97
.
120
*
BONDS
Since
Mar’07
1074 Aug’<)6
_
no
Mar’07
97 4
108
97
101 4
107
109
95
112
109
121
122 4
Range
January 1
High No
Atk Low
M-Ni 108
All
[VOL.
3
*
BONDS
5-20-yr col tr deed
Record—Continued—Page
ye3* 1004
88 4
95
....
6
105
107
105% 105%
....
....
05
95 4
97 4
97 4
....
984 Dec’06
90
Jan ’04
Next Page
Telegraph and Telephone
Am Telep A Tel coll tr 4s 1929
Comm Cable Co 1st g 4s..2397
Met T A T 1st s f g 5s
1918
Mich. State Telop. 1st 58.1924
N Y A N J Tel gen g 6s.. 1920
West Union ool tr cur os.1938
Fd and real eat g 44a...1950
Mut Un Tel s fund 0s...1911
Northw Tel gu f 44s g..l934
90
Jan ’07
964 J'ne’06
104
Feb ’07
97
Fob’07
105 4 J’ly ’03
102 4 102
Mar’07
95
Sale
95
105
104
104
103
J’ly ’04
*92
-
95
104
90
00
1*04
104
98
98
102
9
95
1 104
103
90
93
37
98
90
89
102
93
10034
104
Manufacturing tk Industrial
Am Cot Oil ext 44a
1915
Am Hide A L 1st s f g 0s..1919
Amer Lee Secur deb g0s.. 1925
Am Spirits Mfg 1st g6a.. 1915
Am Thread 1st col tr 4s...1910
Am Tobacco 40-yr g 6s
1944
4a
1961
ctDueApr A Due J’iy Ac Dae Aug
#
314
90
86%
87S
86% Mar’07
98
92
107
Sale
73 4 Sale
DueUct
p
87
98
92 4
1054
714
Mar’OT
87
08
914
2
8
924 69
107 4 774
734
376}
1054110%
714
T9 4
Due Nov q Dae De# xOptionSale
/
Mar. 30
«0
?!
N. Y. STOCK EXCHANGE
Week ending March 29
*'»>>
WeekJs
Friday
March 29
Range or
Since
Last Sale
January J
j-j
10U *4
M-N
4-6
109k Feb’07
112 kJ’iie’05
A-0
M-N
iP0 ‘4 Mar’07
91
Feb’07
!.M-N
4s.1931
F-A
89 *13
116
M-N
123 k Jan ’05
10034 Dec’05
J-D
A-O
109
115
M-N
105
A-O M03
106 k Sep
CS. p
See Penn KB
Phil a A Beading cons 7s. 1911 J-D
Pitts Cm & St L See Penn Co
Pitta CleveA Tol See B&O
Puts Et W 6c Cli See Penn Co
Puts McKees A Y SeeN YCen
Pitta Sh 6c L E 1st g 58...1940 A-O
lstoousoi gold 5s
1943 J.J
Pitta A West See B & O
|> eadmg Co gen g 48
1997 J-J
IV Registered
1997 J -J
Jersey Cent coll g 4s...1951
A
Rich & Dan
Rich A Meek
Or West
Roch A Pitta
Rome Wat it
Rutland See
Sar
see
Mac’07
109 k
io9\
....
9n
look
....
91
91
lstg6sseries E A F...1912
1st gold 6s
1912
1st con guar g 5s
S Pac of N Mex 1st g 6a..
So Pac Coast 1st gu 4a g.
....
116k
115
....
115
L15
....
....
’06
115k Mar’06
120
Mar’06
98
J’ly’97
95k 296
94*4
9534 Sale
....
look J’ne’06
*
11
94 7e
94 7s
947t,
A 0
94k
98k
947a
96k
D <fc H
Og See N Y Ceni
y, Y Cent
A H See Pere Marq
Qt Jo A Gr lsl 1st g 4s... 194/ J-J
^ ag i'ua
92 k Feb’07
92 k
91
....
92 k
St L a Cairo
See Mob a Ohio
St LA Iron Mount See M P
St L K C ifc 24
See Wabash
St L M Br See T Bit A of St L
St Louis Jfc S an Erancisco—
General goiu 6s
1931
General gold 6s
1931
St L A S E BB cons g 4s.. ’90
Soutliw Div lstg 5s. .1947
g
123 k Jan ’07
107
107
91
Feb’07
102 k Aug’05
7T3*
78 k
Nov’06
98
123 4
107
Sale
91
J-J
J-J
J-J
A-O
J-J
1951
4s
78
Sale
.T-n
J -D
M-N
A-O
*
123 k 123k
107
110 k
91
93
i
....
3!
77k
82 k
pg
8li
119
80
Sale
Jan ’07
119
....
12
3L
119
79k
82k
A-O
Oz’rk A Cli C 1st gu 5s g.1913
8t Boms So See Illinois Cent
8t L S W 1st g 4s bd ctls.1989
2d g 4s me bond ctfs...pl989
Consol gold 4a
1932
,
Registered
1933
1933
M-N
J-J
J-D
j .p
A-O
J-J
J-J
J-J
J-J
M-N
1937
Registered
J-D
J -D
A-0
EMinn 1st div lstg 6s..1908
Nor Div 1st.gold 4a....1948 A-0
Minn Union 1st g 6a....1922 j.j
Mont C 1st gu g 6a
1937 J-J
Registered
97 k
Feb’07
9278 Sale
92k
79
74
79 k
73
93
79 k
98
AO
Gray’s Ft Ter 1st gu g 5s 1947
St Paul & Dul See Nor Pacific
St Paul M A Mau 2d Os... 1909
1st cousol gold 6s
1933
Registered
1933
Reduced to gold 4 ks..
1937
1937
1st guar gold 5a
Will A S F 1st gold 5a.. 1938
St P A Nor Pac see Nor Pac
StP A b’x City See C St P M Ad>
S A A A Pass Iatgug4a...l943
ti Ee Pres A Ph latg as...i94-.
S E <& N i* 1st sink l g 5s.1919
Sav E A West
See Atl Coast L
Sciolo Vul A N E See Nor <fc \V
Seaboard Air Line g 4s ...1950
1911
Coll tr refund g 5s
Atl-Binn 30-yrlst g 4s.<?1933
■Jar cent lat cou g 4s... 1942
Fla Cen & Pen lstg 5s.1918
S3
Sale
......
*
Mort guar
gold 3ks../fl929
Through St L 1st gu 4s ’54
Gal Har A S A 1st g 6s..1910
Mex A Pac lstg5s... .1931
Gila V GAN lstgug 5S.1924
Hous E A W T lat g 5a. 1933
lat guar 5a red
1933
H4TC 1st g 5s int gu..1937
Consol g 6s int guar... 1912
Gen gold 4s int guar..1921
Waco A N W div 1st g 6s '30
A A N W lat gu g 6s....1941
41
1
17
74
97 k
97 k
9279 k
73
95
83
79
107
97k
•
ibl
105 k 105k
131
131
Jan ’07
Mar’07
Dec’0(5
Mar’07
116k Apr’Ol
107*4 Mar’07
99k 97 k Mar’07
100*4 Oct ’00
100kDec’06
131
108
....
124
May’05
131 k Feb’07
117
108 k
10678 107 *4
97 k 97 k
....
....
....
•
•
•
131 k 13 L *v
•
116
82
106k Feb’07
110
Oct ’05
■
M-S
J J
76
Sal*:
99 k
^
.
......
......
•
......
7
81
106k108k
....
6
i
....
....
....
•
•
•
87
•
74
97
100 k
88
89
82k
.........
....
•
......
106
107 k
Mar’07
:::;i
106
106
85
86k
90
Dec’06
96
95
Jan ’07
99
82 k
83
14
85
90
106
106 k
95
83
Sale
96
12
31
98*s Feb’07
Mar’07
Nov’06
106*4 J’ly ’06
107k Feb’05
103
109
louk
no
105
104
^
M-N
J-J
1003b
Aug’06
109*4 110 k
110 k Mar’07
.........
95
99
99
82 k 86
98 k 93 k
103
105 k
lllk Jan’07
93
Mai’07
116
Dec’06
109 k Feb’06
....
....
111
112
92 k 94k
MISCELLANEOUS
Mnnulnduring A Industrial
Beth Steel 1st ext sf 5s.. 1926
Cent Leather 20-year g 58.1925
Consol Tobacco 50-yr g 4s.1951
Distil Sec Cor conv 1st g 5s.’27
Int Paper Co 1st cou g 6s.1918
Consol conv s f g 5s
1935
Int St Pump 10-yr conv. 6s ’13
Knicker Ice (Chic) 1st g 5s.’28
Lackaw Steel 1st g 5s.... 1923
Nat Starch M f g Co 1st g 6s 1920
Nat Starch Co s 1 deb os.. 1926
Repub IAS 1st A coltr 5s.1934
U a Leath Co s Ideb g6s..1913
U 8 Realty A I conv deb g 5s ’24
U S Steel Corp—( coup .dl963
Sf 10-60 yr 5s. ( reg ..<11983
Va-Car Cheni col ir 5s g..l912
Westingbouse E A M s f 5s ’31
*
No prioe
*
104
.T- J
Spok Falls A Nor lstg6s. 1939
*I'er A of St L 1st g 4ks..1939
JL 1st con gold 5s
1894-1944
Gen refund s I g 4s
1953
St L M Bge Ter gu g 5s. 1930
Tex A N O See So
Tex A Pac 1st gold
*
J-J
2000
J-D
J-J
F-A
J-J
AO
J-D
A-0
J-J
50-year
gold 4s
Tor Ham A Bull 1st g
1950
4s./il940
J-J
A-0
J-D
J-l)
...1947
1947
4s. 1946
con g
Ore Short Line lstg6s.. 1922
1st consol g 5s
1946
Guar retund 4s
1929
1929
Registered
Utah A Nor
Gold 5s
Uni N J BR A
Utah Central
Utah A North
Utioa A Black
1st 7s
80
85
80
Sale
108 k 112
J-J
Look Sale
J-J
100*4 Sale
98
bale
J-D
F-A *118
J-J
J-D
89 k Sale
J-D
87k Sale
J-J
1908
1926 J-J
C Co See Pa RR
See Rio Gr Wes
See Un Pacific
R See N Y Cent
Wabasli
1st5sgold 5s
2d gold
1939
1939
1939
Debenture series A
Certificates of deposit
Series B
1939
Certificates of deposit....
lat lien equip s fd g os.. 1921
1st lieu 50 yr g term 4s. 1954
interim ctls 50-yr 4s
Det A Ch Ext 1st g os. .1941
Dea Moin Div latg 4a.. 1939
Om Div 1st g 3^8
1941
Tol A Ch Div 1st g 4a... 1941
St Chas Bridge lat g 6s. 1908
Wab Pitta Term 1st g 4a. 1954
2d gold 4a
1954
Warren
See Del Lac A West
Wash Cent Nee Nor Pac
Feb’07
112
101
103k .04
....
107k107 k
....
168
90*4 95
lie 108k 113k
110
Nov’OG
!
80
94
89
Mar’07
Mar’O.
Jan ’06
J’ue’06
J’ue’0t>
68
.
H7k
116
116
116
94*4
92
-
1
....
111
111
l 12k U3k
116
11734
1 lOkll 4
68
69 *4
....
....
Jau’07
117k
115
....
.
111
Feb’07
113k Mar’07
11 Ok
* * 6k
110 "i Mar’O.
9
....
....
117k 1(9*4
i 1C
118k
5
4
if>k Apr’06
1
~ Gut ’05
111k Mar’O/
112k <Ihu *06
Feb’05
98
106
Mar’07
Oct’06
112
108 k Dec ’Ot
113
Dec’05
Feb’07
111
109 k May’06
96k Jan ’07
109 k Jan ’07
96
111k113
....
....
106
u
....
i
106 *s
ill
94k 96 k
109 k109 k
....
....
108
103 k
117
117
93 k 94
....
....
3 114
114
118k
92
110
80
85
81
95
110
93
Mar’07
81
Dec’06
Mar’07
bep’06
lit
88
87 k
103 k
102k
1
i‘02k
97
80
85
81
97
89
110
110
7
8
87 k
82
187
101
100*, 31
98
98
121
....
80
99k
99'8
110
Mai’07
Feb’u7
89
87k
Feb’Oi
99k 102
98
101k
3
97 7s 99 k
120 k 126
112k114
88
'Ji
94k
1
87k o7k
103
103k
J’ue’06
102k Feb’06
93
bep ’06
FA
J-J
See Southern
latg 4a... 1952
J-J
M-N
F-A
105
110
100
Salt
101
106
Mai’07
110
100
1 i L
95
J-J
57
J-J
«,
_
57
57 k
102
Sale
....
100
M-S
J-J
93
54
107
......
54 k Sale
106k
J-J
J-J
A-O
M-S
A-O
J-D
J-D
97
80
80
70
22 k Bale
75k Sal©
66
*
l
113 k
87 k
’
See
F-A
M-S
J-J
20-year equip a f 6s ...
Wilkes A East See Erie
Wil A Sioux F See St P M A M
Wia Cent 50-yr lat gen 4s.194 J-J
57
57 k
102
Mai ’06
54k
107
Nov’04
•
111k
L10
99
114
101
10
15
2
57
76 k
57 k 75
101
102
...
86
54
1
107
21
75
76k
56
56
’
80
80 k
63
102
70
20
102
80
32 k
38
75
6
55
82 k
68
5
Aug’O'
111k115 k
93 k 93 k
34
34
Ilk Mar’07
93 k Jan ’07
Feb’07
34
63k
109
....
109k Dec’06
109
110 w Dec’06
11 lk Aug’Oft
105
84
*
106
2t>
t
Keb’07
106 k
-
dl943 Nov
South Ky
Wheel’g A L E 1st g 5s... 1926 A-O
Wheel Div 1st gold 5S..1928 J-J
101
Nov’06
Lee’06
Jan’u7
73
22 k
93
102
7U
97k
A-O
4s
1952 A-O
W Va Cent A P 1st g 6a 1911 J j
West N Y A Pa lat g 5s..1937 J-J
Gen gold 3-4s
1943 A-0
inoome 5s
West No Car
112
98
See Mo P
See South Ky
A Soutliw’t 1st gu 5s.2003
West Maryland
Gen A conv g
108
107
High
103 k 10. ’> k
104 k 104k
....
114
Nov’06
Mar’06
106k Nov’04
115
Dec’06
110
111
May’04
102
102 k
k
102 k
97
Jau’07
113 k 1 16
95
*.
Del 1stg 4s
Ulster
cou g 5s 1928
1st A
refund
1952 A-O
Registered
Ore By A Nav
....
....
112
A-O
2d gold inc 5s
v2000
La Div B L 1st g 5s
1931
WMin WAN Wist gu 5s ’30
Tol A O C lstg 5s
1935
Western Div 1st g 5s... 1935
General gold 5s
1935
Kan A M 1st gu g 4s
1990
Tol PAW 1st gold 4s....1917
Tol St LA W prlieng3ks.l925
....
117
J’ly’00
108
Jau’07
117
Jan’07
95 k 93 k Jan ’07
111
Dee’06
-
Low
Sep’06
90*4
109
J
114
90 k
89
113 k 115
91
92
113
108
96
91k
90 k
92
A-O
E-A
Pac Co
6s
No
Hnj/i
Aug’06
107k 107 k
91 *4 Sale
109
Sale
oince
January 1
Nov’06
111
118 k
103
•90
Range
Sep’06
114k Dec’04
Jan ’06
119
104
Mar’07
-
Wash O A W
85 k Sale
102*4
110*2
A-O •U17S
A-O
76
9/
Jan’07
96 k Mar’06
107*4 Aug’06
76
97
88
1U4L 109 k Mar’06
106 " Mar’07
Jan’05
1U9
110
F-A
J-D
A-0
F-A
M-N
M-N
M-N
M-N
J-J
1994
Ver Val Ind A W
82
81
Sale
Low
M-S
J-J
J-J
J- J
J-J
J-J
A-0
107
J-J
J-J *112
117 k
M-N
Ill
M-S
68
AO
117 k
J-J
116
Sale
J-J
J - J
1945 J J
Mortgage gold 4s
112 k
Rich A Dan con g 6s....1915 J-J
Deb 5s stamped
1927 A-0
Rich A Meek 1st g 4s... 1948 M-N
103
So Car A Ga 1st g 5a.... 1919 M-N
Virginia Mid ser C 6s...1916 M-S 109
....1921 M-S 103
Series D 4*5s
1926 M-S 105
Series K 5s
General 5s
1936 M-N lOO
110
Guar stamped
1936 M-N
W O A W 1st cy gu 4s.. 1924 F-A
iii
West N C 1st con g 6s..1914 J-J
SAN Ala See LAN
J J
Va
A-0
M-N
M-S
J-J
J-J
J-J
j -J
J-J
A-0
A-0
M-N
J-J
J-J
M-S
J - J
J-J
J-J
Virginia Mul
J-J
Last Sale
Son s Sold
J.J
Feb’o’J
A-O *115
97 k
Mar’07
J-J
102 k 103 k 103 k Feb’07
J-J
103 k
104*4 Feb’07
J-J
era
Aug’06
Ash
Range or
127
116
112
101
cousol
4s 4....1955
Vandalia
Cruz
APlstg gu
ksl934
136*4 May’06
-
1949
....
Sid
Mobile Ohio coll trg 4a.. 1938
Mem Div 1st g 4k-5s...1996
St Louis div lat g 4a....1951
Ala Cen R lstg 6s
1918
Atl A Danv lat g 4a
194s
2d 4a
1948
Atl A Yad 1st g guar 4s. 1949
Col A Greenv 1st 6s
1916
E T Va A Ga Div g 5s.. 1930
Con lat gold 5a
1956
E Ten reor lien g 5s
1938
Ga Midland 1st 3s
194 6
Ga Pac Ky lat g 6s
1922
Knox A Ohio 1st g 6s... 1925
Mob A Bir prior lien g 5s 1945
Un Pac HR A i gr g 4s
106 k 105k
131
134
108
108
J - J
J - J
J -1<
1st land gr ext g 5s ...1930
Consol gold 6a
1943
Ga A Ala By 1st cou 5sol945
Ga Car ifc No-1 at gu g 5a 1929 J j
1920 J-J
Scab A Ron 1st us
Slier Shr <fc So See M K A T
SB bp uca A G See Atl Coast L
So Car A Ga See Southern
South ein Pacific Co—
Gold 4a (Cent Pac coll).fcl949 J-D
Registered.
/cl949 J-D
Cent Pac 1st ref gu g 4a 1949 E-A
Registered
1955
1994
Registered
See South By
See Southern
See Den & Rio Gi
See B K A P
Refunding
1943
Con gold os
Pac RR 1st ref 4s
Southern—1st con g 5a
Apr’02
Jail’07
Nov’06
1937
1911
1937
TexifcNOSabDivlst g6s.l912
:o
Phil B & W
Rensselaer
lat gold 6s
1920
No of Cal guar g5s
1938
Ore A Cal 1st guar g 5s. 1927
So P of Ar gu latg 6a...cl909
lat guar g 6a
cl910
So Pacific of Cal—
119
J’ne’06
119
Apr’04
116
May’05
10" k Oct ’06
A-0
F-A
J-D
A-O
Morgan’s LadPT 1st 7s.1918
Week'*
Price
Jtidav
March 29
k
M
Southern Pac Co—(Continued)
Apr’04
Sep’06
127“s Oct ’02
j-j
j-j
Senes E 3 k guar g....l949
Senes E 4a guar
1953
C St L A P 1st cou g 58.1932
Pensacola 6k Atl See L>A Nash
Peo A East see C C C <fc St L
Peo a* pex Un 1st g 6s
1921
2u gold 4 ks
1/1921
Pere Marq—Ghdb W M 5s 1921
Elintcfe PM g6s
1920
1st consol gold 5s
1939
Ft Huron Div lstg 68.1939
High.
963<
108
j-j
Puts X A Ash 1st con 68.192
PCCtfc StLgu lk8 A...1940
Senes B'guar
1942 j
Low
N. Y. STOCK EXCHANGE
Wkrx Ending M arcii 29
96k Jan ’06
92
j« j
Ko
Utah
Low
ASA
BONDS
Range
22
trice
Sid
Co—{Continued)
Erie A Pitta gu g 3ks B.194G
Senes C
1940
Grhdblex 1st gu g4ks 1941
Pitta Et W A C 1st 7s...1912
2ii7a
1912
3d 7s
/ll912
Penn
SagTns<fc H lstgug
737
New York Bond Record—Concluded—Page 4
l#07.|
.
86*4
101
87
87k Jan’07
102*4 Dec’05
87 k
87 k
89
86
86k
39
86
9834.
99
29
9834 103
BOND.S—Concluded.
Miscellaneous
96
94 k
95 k Sale
72 k
74
Sale
84
85k Sale
103 k 104 k 104 k
90 k
89 k
99
97k
95
97
70
Aug’06
104k
89 k
4
1
94 k 99
72 k 79
90
84
108 k
104
89 k 92
97k
97k Oct ’05
3
97k 106
97k 151
74
25
36k 150
12
97
96k 103
82 k
82
Jan ’07
72k Nov’U6
97
1*5
Mar’07
95
4 104
106*4
104
104
87
53
k 95
89
87 k
93 k 99
2016
96
93 k
94 k 99*4
96 k 10
94k
98 ki Mar’07
98k 99
4
03*4 97k
93k
93*4
97
82
.....
......
96
104
87 k Sale
96
Sale
95 k Sale
97k
93*4 ‘Sale
Friday; latest bid and asked this week,
a Due Jan
100
Adams Ex col tr g4a
1948 M-S
Am Dk A Imp5s Nee Cent NJ
AmSSCoof W Vag 5S....1920
B’kl’n FerryCol8tconsg68’48
CliicJc A St Yard colg5s.l915
DetM A M ldgr incomes.. 1911
Hoboken LAI gold 6s... 1910
Mad Sq Garden 1st g 5s.. 1919
Man Bch HAL gen g 4s..1940
Newp Ne Ship A D D 5s<fl990
N Y Dock 60-yr 1st g 4s.. 1951
Provident Loan Soc4ks.l921
St Joseph Stk Yds 1st 4 ks. 1930
10034 J’ne’02
b Due Feb
Mar’07
Sep '06
50
Feb ’02
93
Mar’07
101
101
92
95
90
95
103
03
May’06
1004 Sep ’05
99
St L Ter Cupples Stat’n A Prop
Co 1st g 44a 6-20 year..l91v
S Yuba Wat Co con g 6s.. 1923
Sp Val Wat Works 1st 68.1906
U S Red A Ref 1st s f g 6s. 1931
Oct’06
41
101
70
92**
95
112
J’ly’04
118 k Jky’00
90
90
1
d Due Apr *Due May ^DaeJ’ne k Dae J’ly p Due Nov f Otrttos
Sals
<
CHICAGO STOCK EXCHANGE-Stoek
SALE PRIORS
RTOCKb—HlO HhtiT AS D LOWEST
Tneed ay
March 26
Monday
Saturday
March 23
March 25
Record-Daily, Weekly and Yearly
Wednesday)
Thwrtd&n
Friday
March 27
March 28
.March 29
STOCK'
EXCHANGE
Range tor Ire-nous
Year(1906)
Range for Year,
Bales
of the
Week,
Shares
STOCKS
CHICAGO
1907
Lowest
I Highest
Lowest
Highest
Knilromb
'*4
_
*
5
L5
13
15
*
17
J
15
17
5
5
5*2
•434
6
*4
5
1 5
*4
*
]_3
19
15*4
'4%
49
*83 *4
62*2
>3*4
83
84
27
05
*
*3 U
*
•
*8<»
*•28
83
83*2
*25
»
60
*
*80
28
*94
'23
*5*2
*50*2
*20
*
0
51
f)
*
05
108
*
•
38
1 lo
63
*30
*106
*46
*1
130
*41
•119
104
123
47
~
77
*113
•
*
*60
*92
98a4
48*2
114
75
115
140
99
1%
0*8
8H»
27%
*
HO
*
94
28
5%
0
50 H:
61
6
51
1 05 *o 106
51 Hi
Last Salt
122 Hi 122*2
70
70
Last Sale
107
*1
40
110
63
*1
1 Hi
6
*- c
it- c
Last
Last
Last
Last
Last
Last
Last
135
*41
Sale
38Hi
38 *2
*36
38
*106
110
*48
63
1%
6
*5%
*130
41
41
43
*40
116 Hi 116*o *116%
*119
•
*102 Hi
102 Hi 104
102*4 103*2
122
122%
12234 122% 123
60
49
49
48
48
Last
Last
Last
La si
*5%
♦130
6
oh
51 Hi
65 34
*
"
112
*70
110
114*2
75
113
★
49
92*2
sale
salt
Sale
Sale
sale
Sale
135
43
120
123 Hi
60
Salt
Sale
Sale
Salt
*91
103
140
y9
92%
140
99 %
1*2
1%
8*2
8*4
*27
29
53 Hi
83%
*2
1 Hi
9*4
9%
10*8
10*2
lot
100
100
pref
100
Kalis City By A Lt ..100
Do
pref
loo
Metropoi W S Elev.. 100
Do* pref
100
*
9%
l*,a8
•26
Last Sale 32 >■3
Last Sale 10
Last Sale 19*3
Last Sale 4
Do
pret
100
loo
27*2 Western Stone
Mining
Jan’07 Bingham Con Mining 50
10
Nov’06
5,6 10
745
Do
Mar’07
Mar’o7
J an’07 North Cliic Street. ...100
J an ’0 i Northwestern Elev.. 100
Do
Feb’OO
pref
100
South Side Elev
100
bl
28 b StreetsW Stable C L loo
Feb’07
Do
pret
100
25
West Cliic street
100
JlincellaneouM
6 *3
100
5 % American Can
Do
50. Hi
5uh>
pret
100
131
Mar'07 Amer Badiator.
100
128
Do pref
100
7 i
71
Amer Shipoldir
100
108
Mar'07
Do pret
100
*
40
Amer Straw Board
Mar’07 Booth (A)
v
Co ....100
111
Feb’07
Do prel
100
50
Mar’07 Cal & Chic Canal & DlOO
Mar’07 Central Trust Bank 100
16*5
16
Aiar’06 Chicago Auditorium ....
I
Mar’07 Chic Brew’gA Malt’g
’
6
Jan’07
Do pref
139
139
Chic Edison
100
41
41
Chic Pneumatic Tool. 100
Chic Telephone
*116*3
120
.100
Chic Title & Trust... 100
*102*3
104
Diamond
Match
100
124
123*3
50
50
Illinois Brick
100
3114
Nov’05 Knickerbocker Ice...100
80
Feb’OO
Do
pret
100
4%
Jan ’07 Masonic Temple
3 Hi
Jan’07 Mil A Clue Brew’g
Do pref. . ..~
National* Biscuit. ....100
76Hi
77
Do pref
112*3
112 Hi
100
71
72
National Carbon
100
110
*100
Do pref
100
27 Hi
•20
28
•27
2 7 Hi
*
112
150
100
110
Last Salt 5*4
May’05 Page Wo Wire Fence....
Last Sale 99\
J’ly’06 People's Gas L& C’kelOO
Mar‘07 Sears Boebuck com. 100
Last Sale 54
Do
91
91
9 134
9 134
*90*3
91*3
pref
100
100
104
Swift & Co
1 ((4 *4 105
10434 104*3 105
*136
140
14i>
*139*3
140H, The Quaker Oats Co. 100
i 40
*99
Do
100
*99
loO
99
99
pref
100
1 *3
1 Hi
1*3 Unit’d Box Bd Jfc P ColOO
1%
1=8
1=8
99*4
9834
1 Hi
8 Hi
•25
*
112%
112
105
140
103
135
104*4
77
112*3
75
*76
112
*70
75
110
49
92
78 Hi
78
112
77*4
113 '
Jan ’07
*50
*S3
Last Sale 27
Last Sale 65
Last Sale 40
Last Sale 25
Last Sale 60
*78
82
82
28
28 3s
28*4
Last Sale 97
25
26
26
25
60
83
28%
97
28
28%
•
77*4
♦
65
92 3e
40
16\
53*2
27
27
*70
113
*70
77*s
*1*4
27
6
130 ’ 130
41
42
119
120
104
104
122
123
47*2 48
4%
53Hi
128 Hi
1*.
"6%
124
104
123
*30
w
04
*
*36
38*2
*30
38
*106
110
*45
*1
0
130
44
104*4 105*4
14 0
'
*106
'4 6
1%
*5%
04 *4
1(15 *i InO
*35
39
^_
53a
49
♦
128
05
*
*25
53H.
83 Hi
27
65
*127
*120
1-j7
*94
83
*23
*
64
♦
81
30
96
30
30
6
51
50
65
40
25
60
81
82
28
97
30
52 Hi
26
*30
4
4%
Last Sate
50
*
40
20*4
5H
*
+
97
30
‘94
*
*00
*30
40
24
60
82
30
18
15
52
*13
Mar’07 ! Chic Clt-v By
Mar'07 Chic & Oak Park
Feb oT
18*4
19*2 Chicago Subway
Chic Union Tract
4 Ha
5
La81 Sale 150
Last Sate 1
17
*150
•150
*160
1,105
477
'
4
14
15
43.i Maria
16*4 Jail 25
40
S3
Mar2o
Mai 2 5
24
(55
38
25
Mar
35
50
75
490
28
55
MarlO 150
5
-Mari'.
15
Feb 2(5
Mar 14 4 (5 Ht
1
31 ar 7
Jan
Jan
4
7
Feb26
Marl 4
M ai25
0(5 Hi Feb 28
20 .MarlO
Jan
534 Jan
lOQJan
87
28
72
40
25 % Jan
(54 Hi Jan
00
34'
98
28
1
3 1 Si L2J
737 4(i
\Jj 0
......
295
629
905
Mar27
Feb27
44% Feb
1
50% Feb
CHICAGO STOCK EXCH’GE
Week Ending March 29
2
V
jf-
p 5*
Friday
Range or
March 29
Last Sale
for year
1907
Bid
Oass Ave A F G (St
L)—
1912
Clue Board ol Trade 4s ...1027
Clue ConsoiBr A MltOs
Cliic Consol Trac 4 Hi«
1030
6a
Cbic Edison—
Debent. 6s
1013
1st gold 5s
/t.19‘20
Clue Auditorium let 6s... 1020
Chic Dock Co 1st 4s
1920
Clue No Shore Elec (is
1012
Chic A Mil Elec By 5s ....1010
Clue Pneurn Tool—
1st 6s
al921
Clue liock 1 A PaO Kit 4s.2002
Collat Trust g 5s
1013
J-J
A-0
F-A
99"4
Ohio Gas Lt A C 1st 5s.. 1937
Consumers’ Gas 1st os.. 1936
Mutual Fuel Gas 1st os. 1947
8onth Side Elev 4 His
1924
Swift A Co 1st g 5s
1914
Union El (Loop) 5s
1945
Union Pacific oonv 4s ....1911
United Box Board 6s
We8tCliie St let 5s
1928
Tunnel 1st 5s.
1909
Debent 6s
1914
Consol g 5s
1936
West Dit City By 4 *28.-1932
West’rn Stone Co 5s
1909
98
25
790
789
60
24
62
3,412
391
310
1.310
6,308
18
20
Jan 11
Hi Jan 23
46
2
25
27
Mar 4
Feb 5
Jan 14
70 Hi Mar20 80
Mar 2 6 117%Jan 7
71
Mar 2 9 84*4 Jan 11
Mar 2 6 120
Jan 17
79
Sale
100
102
Note*—Accrued interest
Low
High
loo
100
101*4 102
57
Jan 10
Mar28 95
Jan 26
113 H2 Jan 1(5
140
Feb 7
Jan 24
25
Mar20
18*4 Jan
20
3
Commercial National..
Continental National..
Savings
Englewood Stale
'
Jan’07
96% Jan ’06
101
101
Feb’OO
1
79
77
81%
Federal National
First National
First Nat Englewood..
Foreman Bros B’k’g Co
Fort Dearborn Nat
Hamilton National....
Hibernian B’k’g Ass’u
79
79
Nov’04
Kaspar state Bank....
80
Apr’94
.Monroe National
Mutual Bank
Nai Banket Republic.
National City
National lave Stock...
North Ave State
North Side State Sav..
Oakland National
Prairie National
5
100
Dec’06
Jan ’07
99 *4 N uv ’06
100
79%
89*3
102%
100
98
11
26
90*8
80
80
90
98*4
90
93%
90
80
90%
85
Dec’06
Pullman Loan Sc sav..
Railway Exchange....
South Chicago Savings
Security
7*9 * A-ng’06
8934
92*2
97
98
99
98
99
99 *2
118
101
99*2
......
......
......
A-0
mas t be added
6
98
to
75
75
8934
90*3
92
95
97
97
Sep ’06
Nov’06
Mar’07
l m
2
9
98
Mar’07
Jan'07
Not’0-1
70
Dec’oO
Hi Sep ’05
95
68
7 2 Hi Dec’06
Jan ’07
72
Deo’OG
S7
90 *2 Jan oi>
Stock Yards Savings
Union Bank of Chicago
Union Stock Yds State
Amer Trust Sc Savgs..
Central Trust Co of Ill
Chicago Sav Bk & Tr..
Citizens Trust & Sav..
Colonial Trust Sc Sav..
Drovers Trust <fc Sav..
Oct ’06
104H: Mar’07
101
lOi
103*2 Feb’06
100*3 !0034 IOO
99
99*3
114
Sa ie
68
70
M-N
F-A
J-D
12
90
8934
93*2 93Hi Mar’07
100 Hi Mar’06
Mar’07
97
89 %
100*2
J-J
State Bank of Chicago.
Feb’07
75
1119 U
21
02
113 Hi
78
112
J’ne
Ni)v
J’ne
Fe b
Jan
Nov
Jan
Nov
Not
Dec
80
48
Sep
2
Hi Feb
Feb
23
Mar
May 7 0 Hi Deo
Oct
Jan 110
05
-Mar
Jan
Dec 122 *2 Mar
28
Dec
29% J’ne
7% J’ly
14*4 Mar
3 H. J’ly
104 *3 1043.
102
101
98
100
99
100*2
102 %
99
68
75
j....
75%
! "
all, Chicago bo! ud
1
price s.
Lake View Tr Sc sav..
Merchants’ L’nATrCo
Northern Trust-(Jo
Northwest Tr Sc Sav...
..
1,000,000
200,000
5300,000
250,000
2,000,000
1.500.000
1,000,000
200,000
oO.OOO
100,000
250,000
C500.000
300,000
250,000
200.000
300,000
1,000,000
250,000
200j)00
200,000
3,000,000
2,000,000
n
500,000
50.00U
600,000
200,000
200,000
3,000,000
750,000
1,500.000
20 1,000
200,000
500,000
Stockmen's Tr A Sav
Union Trust Co
Western Trust cfc Sav.
W Side Tr A Sav Bk..
Woodlawn TrASav Bk
..
dividend
1906
Per¬
iod
8
8
Q-J
....
...
Peoples Trust Sc sav
Royal Trust Co
70
Pro fits t
In
1905
m
,
Savings £2,000,000
Harris Trust & Sav
1,250,000
4,500 000
Illinois Trust Sc Sav..
250,000
Jennings R E L & Tr,.
Kenwood Tr A Savings
200,000
Metropolitan Tret Sav
9
Surplus S
5
5
<l 32,96*
100,000
10
10
i i 17.9S7
500,000
12
12
t>2,000,000 2.175,907
8
8
4,000,000 2,772,5(9
6
6
50,000
12
12
3,000,000 4,528,030
6
6
i 27,o8o
200,000
8
8
339,535
600,000
3
$29,319
200,000
4,829 Began busm
500,000
12
12
8,000,000 06,787,318
10
10 + 10
i 139,546
100,000
Pnv
ate lia
0018,233
500,000
6
6
376,120
1,000,01)0
181,778
500,000
First, 'Trust
42
Mar
44;*4 Feb
1414 Mar
20% Not
4;*g Oct
200,000
1,000,000
1.000.0(H)
200,000
200,000
8
1,103,760
084,909
23,259
065,647
6
1,202,868
357,746 Began
1,319,016 12+3
05O.OOU Began
•
•
•
•
....
08.801
6
33,751
6
066,596
0SU.439
0235.950
8
8
.
...
10
3
....
6
busin
1 2+3
busin
—
Dec
Q-J
ess
uct
10. 1905
Q-J
Q-J
Jan
Jau
’07, 8
’07, ilHi
Q-J Jan
F-A Feb
Q-J Jan
’07, 1<H>
’07, 2 Hi
’07, 2
Q-F Feb
’07, 1
’07, 4 Hi
Q-J
Q-J
Q-J
Q-J
Q-J
u
'07, 2
’07, 1 Hi
’07, 3
’07, lHi
’07.
t
’07, lHi
k
....
Jan
Q-J Apr ’07, 2
Feb 5, 1907
ess
’07, 3
8, 1906
’07, JHj
’07, 1 Hi
Q-J Jan
ess
Dec
1138
Q-J
Q-J
Jan
Jan
8
’06, *
’06, 6
’07, 6
’07, 3
Dec
iau
Jan
Jun
Jan
Jan
Jan
Jau
Jan
Q-J
Q-J
ess
’07, 2c
’07, 2
July 3, 1900
Q-J
Jan
Oct
Q-J
’07, 1%.
12, 1906
’06, 1H»
Deo
190 5.
Q-J
Q-J
3-j
’07. 1%
Jan
Jan
Jan
’07, 2
’07. 1%
....
....
....
%
6
6
9,108 Began busin
4
5
06'',864
0 70,286
Orga nized
b
8
1,022,496
0 141,613 None
037,573 Began May 1,
6
044,769 None
8
8
2,454,868
7
0959.113
5*a
n087,653
07,418
10
539,61 6 5 + 5
6
6
70,l)3»
863,892
busin
258,122 Began
07,121,708 12 + 4 12+4
0128
Orga nized
033,381
026,573
orga nized
12
12
04.093,666
6
6
0331,48(1
8
8
0 1,795,559
Orga nized
031,236
048,526
8
6
0559,630
05,421 Incor porate
08 i 0,545
6
6+1
288,760
•019,253 Began busin
6
024,012
....
J-J
J-J
Last Paid
Jan
Jan
-
....
Record
......
.
Q-J Apr ’07, 3%
’07, 1 Hi
Q-J
oan
ess
Feb 4. 1907
Feb ’07, 1
II
J’ly
31, 1906
’07, IQ
Not 18, 1905.
Jan
Q-J
Jan
'07, 8
1**
Q-J Dec
Q-J Jan ’07. 2
J’ly 2b, 1906
....
....
Q-F Feb
d 51 aroh,
’07, 2
1905
....
Q-J
Jau
ess
Sop
Q-J
Jan
’07, 1%
5, 1905
’07, 1%
t March 22, ’07 lor National Banks
30%) {paid Dec. 18. 1906.
and Jan. 28, respectively. * Bid and asked prices; no sale*
^Includes special
U Dividends are paid Q-J, with extra payments Q-F.
of
and March 23, ’u7 lor State institutions, except those designated by ($) which ave of date Jau. 20
were made on this day.
t No priee Friday; latest price thi* week. « Due Dec. 31. h Duo June,
dend of 30 per cent being declarod and to be taken as part payment for new stock,
h. Duo
aocour.t to capital, making latter $2,000,000. nCapitai and surplus tobe
May
134 May
Jan 22
*2,000,000 *1,240,475
Bankers National
Calumet National
Corn Exchange Nat...
Drexel State
Drovers Dep National
91*3 Feb’07
16
Muy’06
90 %
80
72
130
136
81
112
31 Hi
40
40
Feb 14
30
32H2 Jan 24
ing
Prairie State
"
J’lio
M ai 18
32 Hi Jan 24
Stocict
Cook Co State
90
98
91*2
Nov
Mar
Feb
Mar
«3% J’ly 03 *2 May
50
Aug 63 Hi Deo
92*4 Nov 09
sep
101 >4 Jan 119 *2 Sep
162
115
m
Jan
l34
May
Dec 106% Feb
99
98% Mar23 102% Jan 16
J an 2
1
•‘*4 Dec
2% Jan
1% Mar29
10 Hi Mar2 7
0
J an 2
5*4 Dec 1714 Jan
53
91
Outstand¬
NA.>IE
Chicago City
Dec’06!
j
lOO'y Nov’06 |
87
101
M-N
J-J
A'O.
198
J-J
J-D
M-N
J-J
Mar’07;|
Mar’Oo
Apr’04'I
100*2 101
J-J
A-O
M-N
101*4
100
M-N
M-S
A-0
M-S
Mar’u?
101
Illinois Tunnel os
1928 J -D
Kans City By A Lt Co 5s. 1913 M-N
People’s Gas L & C 1st 6s. 1943
Refunding g 5s
1947
100
100
A-0
J-J
Kmokerb’cker Ice 1st 58.1928 A-0
Lake Street El—
1928 J-J *
1st 5s
Income 5s
1925 Feb
Metr W Side El—
1st 48
1938 F A
Extension g 48
1938 J-J
North Chic St 1st 5s
1909 J-J
1st os
1910 J-J
Refunding g 4Hi8
1931 A-O
No Chio City By 4Hi8 ...1927 M-N
North Weat’n El—
1st 48
1911 M-S
1945 M-N
Ogden Gas os
Pearsons-Taft 5s
1916 J-I)
M-8
4-40s
M-N
4-60s Series E
M-N
4*808 Series F
High
101
103
57
A-O
51045 -M-S
Low
"
J-J
J-D
J-J
J-D
Commonwealth Electos
As..
Feb
JJioidtnu
Range
Amer Biscuit 6s
1010 F-A
Amer Straw board 1st 6s..1911 J-J
Dec
Jan
Jan
Feb
J’ne
Chicago Banks and Trust Comoanies
Week’s
J hr ice
Feb
Feb
Feb
Jan
Oct 113*2 J’ne
May 04 cXeb
16838 May 176 Mar
16 Hi Feb
16
Feb
Mar
1
JL Mar
7
Jan
6
Not
136
J’ly 165 Feb
03
Feb
48 Hi Dec
Jan
101
Apr 139
118
Jan
103
May
118
J’ne 147
Feb
41 Hi Sep
71% Jan
Rlnr.lr Aliiiintiiin
Mar’07 Daly-West
J’ly
Feb
Mar
11% Jan
J’ne
707e Feb
46% Jan 31
2 Hi Jan 23
HO
*3
9
13*4
4(5*4
68Hi
03*2
J’ly
6
Feb 28
61
Feb 16
Feb 21 116
Feb25 128 Hi
54
Jan 14
Jan 7 101
17
-Mar28
30
Feb 1
Feb 8 106
Jan 8
55
Not’06 Hubbard-Elliott
Chicago Bond Record
MOM**
25
15
Jan y
l
Jan 9
Jan 9
Jan y
6
Mar21 148U Jan 11
Feb 8
Marla 51
Mar25
120
108
Jan 3
120
Marl2
i
6
28% J an
69
May
85
Oct
25
Oct
30
72 Hi
05 *2 Oct
25
Mar 85
28 H:
23 Hi J’ly
60
May 08*2
99
89 *2 Apr
27
May 35%
07
Dec 102
23
Apr 60
Jan 4
Jan 15
Jan 21
434 Jan 25
734 Jaa
!2HlMaj
54Hi Jan
Jan 24
Jan 15
Jan 4
7
4834 Marl5 56
Jan 7 133
120
1 13 122*2 Mar28 120
Mar20 sOHi
1,199 (53
Jan 25 109
107
Jan 2 40
30
o
I
3 7
Feb 1
38 Hi
i
Jan 22 111
Mar 13
54
1 50
ilia
Feb 27 105
330
633
4
Jan
200
Deo
Dec
39% J’ly
2
9
9
Jan 16
Jan 17
05
Sep
140
5
15
MarlO
Jan 21
Jan 2 4
c Capital
increased Jau. 1.19u7 from $ao0,000, a cash divi¬
July. A: One million dollars transferred in Dec. 1900 from surplus
increased. oOapitaltobe increased to $3,000,000. ^Capital to be increased to $300,OOlL
Stocks
Saturday
Monday
'Tuesday
Wednesday
Thursday
t
$69,272,400
828,414
115,676,600
112.289,700
68,363,650
886,666
79,321,600
Week ending
Sales at
Sew York Stook
Exchange
$6,000
15,000
$13,041,500 $1,384,500
$21,000
3.317.500
2,275,000
1.702.500
1.844.500
January
March 29
1906
79,242,678
71,382,256
4,200,752
6,763,747
$7,171,330,800
$594,516,100 $371,534,350 $6,053,916,185
*164,6011
$122,700
$15,200
$5,500
Bank shares, par..
#16,800
Cig ser A Is ’ll.M-S
Ser B 4s MchlS ’12.M-S
Tel & Tel g 5s ’10 J - J
Atlau Coast L 5s ’ 10.M-S
Am
Am
Government bonds
State bonds
RR. and mis. bonds
$21,000
1,384,500
13,041,500
1,869.900
11.127,000
121.162.000
27,168,050
187,255,600
Total bonds....
$14,447,000
$13,013,700
$137,062,500
$214,965,050
DAILY
15,666,500
Philadelphia
Boston
March 29
1901
Listed
Unlisted
shares
shares
26,390
23,641
18,068
11,594
16,101
75.951
60,015
27,401
Tuesday
Wednesday..
Thursday
Friday
62,321
$139,000
112,522
337,623
Total
Listed
Unlisted
shares
shares
40,150
32,135
30.) 18
28,472
Weekly Review
Street
H O LI
NIW YORK
lleeclt Stdfc Ful
CITY
F 8tk 1.
Hlstmort48 1950
V
..J-J
1943
C on 5s
Hist M 6s
Dry D E B
1922
i
25
87
215
100
Excli
100
260
108
175
150
Excli
30
91
230
104
list
104
300
115
190
170
List
105
94
350
100
350
60
108
97
400
& 3—
Scrip 5s
1914
k Exc
list
95
160
185
180
i
Consol 5s 1948....
{100
{
Excli
{100
}100
{100
370
{100
{100
98
{103
{
i
;
Co<fc Sub
Bkiyn Ray Tran
Bkln o
c
)
8
i
J
)
t
5s
106
list
100
A’ssStk
&««Stk
8
El Co....100
100
J-l)
See St
Exc h list
See
Chicago City Ry
Columbus (O) St Ry..l(
Coluin Ry con
\
{ 95
110
6
Exch
5s
275
120
45
50
{102
107
66
Newark Gas
87
) hicago list
1114
{109
(Cliic) El
60
84
1084
22
21
72
)
71
x
list
e Stk E
list
hicago
)
J
fiGenMg44s ’35
Nortli Chic
S
Street See
)
t
95
90
45
30
{106 Hi
6s 1944.Q-J {128
88
106
90
95
62
{ 92
03
40
J
)
{ 72
70
{104
{108
93
29
65
{100
73
72
105
110
235
{105
accr'd int. f Price per
Gas 5s 1937. J -J
Electric
7
Am
N JlOO
{
100
Wilkesb Coal.GU
Taylor
100
Preferred
100
IILoriilard (P) pref ...100
Mackay Companies See
Madison So Garden.. 100
M-N
2d 6s 1919
1|Manhatt Reach On 100
97
3
107
45
100
68
23
70
115
87
16
60
10
70
109
55
124
134
190
52
125
95
125
Stk E
15
76
195
70
130
100
135
x list
25
4
0
34
Manhattan Transit....20 1
Mex Nat Construo.pflOO
Mitchell Mining
10 f
3
13
44
34
17
44
7
1
N Y
Transportation...2u
f
6
t
Nlles-Bem-Pond oom.100
'
list
1st
1 st in g
42
109
3
21
19
82 4
81 -
n
60
10 4
13
102
98
lOu
preferred
2d preferred
100
Pratt <Sc Whitn pref.. 100
Public Serv Corp of Va—
95
50
55
103
ill
n
Bonddfe Mtg Guar....100
Borden’s CondMilk.. 100
20
60
>4
72
140
12 4 144
98
100
99
94
50
35
110
132
90
106 Hi
160
106‘
95
145
100
240
80
500
34
43
7
45
120
6
5s Juiy 1936 opt
Realty Assoc (Bklyn)loO
Royal Bak Powdpref.lou
Safety Car Heat«fc LtlOU
25
Seneca Mining
Singer Mtg Co
luo
Standard Cordage.... 100
1st M.g.5s.’3i red.. A.O
Adjust. 51.5s. Apr 1,1931
Stanuaril CouplercomlOO
Preferred
100
Standard Milling Co. 100
Preferred
100
1st 5s 1930
M-N
Standard Oil ol N J..10O
Swift & Co See Boston St
170
109
Preforred
100
74
7
British Col Copper
5 t
26*4 27
Butte Coalition Min.. 15
2
5
Casein Co of Am com.. 100
70
80
100
Preferred
140
125
Casualty Co of Amer. 100
Celluloid Co
100 130 140
Cent
Fireworks oom.100
Preferred.
Central Foundry
Preferred
.".
100
100
10
65
4
114
2
35
70
102
85
60
70
80
68
75
69
15
75
3
13
100
71
73
’01M-N
195
185
Century Realty
100
430
Chesebrough Mfg Co 100 400
list
Chic Pneuin Tool. See Ch icago
95
100
City Investing Co....loo
110
104
UClatiin (H B) com....100
93
111st preferred
100 93
1i2d preferred
100 74
176
Col & Hock CoalJfc I pf 100
4 85
1st g 5s 1917
J-J { 82
97
1014
Col tr 6s Got 1956..J-J
48
46
Consolid Car Heating 100
4
Deb 6s 1919 op
Ry Ltg&Rofrig.lOO
Consol Rubber Tire.. 100
Preferred
100
Debenture 4s 1951 A&O
Cons
3 4
4
20
374
30
Union Copper
10
Union Typeivr corn.. 100
1st preferred
100
2d preferred
100
35
80
116
116
55
50 t 61
H U nitedCigarMf g. ,pf. 100
United Copper
100
88
58
100
226
40
99
Preferred
100
U. S. Casualty
80
Envelope com... 100
11 Preferred
100
Corporation—
Coltr sf58’olopt ’ll .. {106
Col tr a f 5s’51 not opt.. 5107
U 8 Tit Gu <& Indem.100
U S
U S Steel
HU tab Copper
Co. See S
waterbury Co,
Preferred
100
5D>
7
50
11
55
130
9
33
com..100
100
170
164
17
100
45
*4
t
United Bk Note Corp..50 t
Preferred
9? 4
155
104
260
77
80
496
500
k Exo h’ge
106
{102
74
85
100
Trow Directory
85
120
120
60
53
92
59
90
109
110
100
tk Ex list
54
544
102 4 103**
Westchester & Bronx
1674 172 4
Title <*5 Mort Guar. 100
264 264
Western Lee
100
Westiugli Air Brake..50 txU3
Stk E x list
4 If West El <fc Mfg—5s See
4
4
While Knob Min
10
6
24
14
10
Preferred
30
118
110
Worthiug Pump pref. 100
43
I New stock. 1] Soils on St’k Excii., bat not a very active security.
.xEx-div. 1 N
4
115
12 4
12 4
54
64
35
45
UO
85
......
80
165
150
2
39
80
llOntario Silver
100
Otis Elevator com.... 100
Preferred
100
t
4
Phoenix Securities
304
Pittsburg Brewing
50 ♦1 304
60
50
Preferred
Exch list
Pittsburg Coal See Stock
2
Pope Manufacturing.lou
125
39
70
3
110
1st 5s 1910-1914...J-J
IjTexas & Pacitic Coal 100
UBetlil’m Steel Corp .100
1st 6s 1908
A-O {104
49
100
1j Preferred
Title Ins Cool N Y..100 160
1st ext 5s—See Stk Ex chang e list
Tonapali Min (Nevada). 1 t 15
145
Bliss Company com....50 135
14
TrentonPotteries com 100
134
Preferred
50 130
92
Preferred new ....100
375
123
sh. tSale price, a Ex-rights. xEx-div.
100
11 Preferred
95
Ex
30
1|New York Dock ....100
40
10
95
{ 94
187 4 195
5
\
44
300
325
Exch
list
Tjrpeio’ra com...100
Preferred
100
Amer Writing Paper. 100
Preferred
100
1 st sf g 5s ’19 op ’09. J - J
11 Barney & Sin Car ...100
liPretened
100
list
124
99
70
120
izi)5
Thread pret.,5
120
hicago list
Preferred
Lawyers Mort
i)
50
American
Companies
Unitea Electrio of
95
Nipissing Mines
A&O
AmTobac (new) comloO
Pref, 4s, Us
See Stock
,
St Joseph
Lackawanna Steel...loo
Lanston Monotype
‘20 t
99 4
60
100
100
100
{102
{107
)
)
)
{Buyer pays
15
oo
s
'
1st 5s
109
Latay’eGaslst 6s'24.M-N
{
)
7ie
1st preferred
2d preferred
Am St Found 6s’35
American surety
50
ila list
i
60
5
62
95 4
98
06
8
69
lU5
83
13
A-O
6. 1951
994 HLek <fc
984 Lord <fc
1
1
90
k
{102
{
1st g
135
214
984 luterhat.onal Silver. 109
Preferred
100
99 4
1st 6s 1948...
J-D
98 4
HAiuericau Can See Stoc
178
160
American Chicle Co.. 100
99
103
Preferred
100
414
Am Graphopho com.. 100
83
100
Preferred
118
Amer Hardware
100 116
luo
104
Am Malting6s 1914.J-D
90
100
Amer Press Assoc’n.lou
1
3
Am Soda Foun com.. 100
{ 85
111
) {106
1 hicago list
102 Hi
J 102
108
J
107
)
J
Lake St
181
165
100
105
J-J j 97
Consol 5s 1945
42
35
102
NYdb Richmond Gas. 100
102
105 Hi Nor Un 1st 5s 1927.M-N { 99
80
400
10O
106
104
ist 6s 1930
M-N {101 Hi
105
OTHER CITIEs
102
98
92
88
{109
1
103
7
50
135
5
40
120
49
90
125
7
International Salt.... 100
984
99 4
Ahrneek Mining
26
Alliance Realty
100
Allis Chalmers'Co 1st m
8 f 5s ’36 opt ’16.. J-J { 75
American Book
100 155
American Brass
loo 140
New Amsterdam Gas—
100
1st consol 5s 1948..J-J { 95
103 4
N Y«fc ERGas 1st 5s’44J-J {1014
{ 94
By-
{100
Preferred
Hudson Realty
97
Tlngersoll-Rariil com.100
96
95 4 1|Preferred
lOu
974 luternat’l Bank ingCo 100
96 4 Int’n’i Merc Marine.100
Preferred
100
98*4
Col tr d 4 4’22op’07A-O
97 4
98 4 tnternat’l Nickel ....iOb
Preferred
lOu
98
8J
Industrial and Miacel
10LH.
{100
k
107
42
100
100
100
Houston Oil
Seaboard Air Line—
98
Coll 5s ext May ’ll. M-S
SeaboardCo
See BaJ^t Exch list
*26
YORK
g’27.JifeJ
M-N
1i5s 1910
98 4
984
63
104
38
200
Monongaheia R Coal..50
5
10
1930
Preferred.
50 f 22 4
17
18
Cine Subway
100
90
loo
100
70
Mortgage
Bond
Co...
Ft W cfc Deii Cy std.,100
98
102
Bank of Cuba....100
Great Nortlien Ore
See Stk E X list Nat
175
National Surety
100 16o
N Y N H <fc Hartford—
f 144
144
Nevada Cous’d Copper.5
108
Con deb 3 4s 1956. J & J {104
4
f
34
137 4 Nev-Utah Minds siu.H
Norm’ll Securities Stubs 100
35
40
35
11
New
Central
Coal
....20
t
30
Pitts Bess A L E
50
35
N J Ter Dock <& Imp 100
74
Preferred
50 r 7o
102 4
N Y Biscuit 6s 1911.M-S
185
H Railroad Securities Co.190
N Y' Mtgedc Security. 100
80
87
Ill.C.stk.tr.cfs.ser.A’SS
Securities
Cent Un Gas os
Con Gas (N Y')
1st g 5s June 1 ’22.J-D
Hecker-Jonea-Jew’l Mill
1st 6s 1922
M-S
98*4 Her’g-Hall-Mar,new. 100
Hoboken
Landdfc
luiplOO
994
13
21
Income os
1936....M-N
NEW
85
12
18
60
100
Preferred
92
92
90
..
CliiougoSt ....100
OTHKK CITIKs
Buffalo Street
m m
Exch list
Exoh list
37
36
78 4 79
83
82
99
Bay State Gas..
210
200
list
98
103
1105
1st 5s 1947
See Stock
Excli list
Con Gas of N J 5s ’36 J -J
Excli list
210
170
93
90
lOi
102
Fort Wayne 6s 1925..J-J
Excli list
75
65
104
k Ext h list
luuiaua Nat <fc 111 Gas—
99
1st 6s 1908
M-N
U2
{108
)
Con 5s
196
102
104
BROOKLYN
TJWest
Uao
170
Third Avenue
Wash Ry &
Preferred
4s 1951
Con g 5s
155
1
m
102
102
Syracuse Rap Tr 5s 1946 {100
Trent P & 11 5s 1943J-D
United Rys of StL—
36
34
100
Com vot tr ctfs
67 4 68 Hi
96
{100
{107
L pref.100
Deposited stock
Undeposited stock
Prior lien g 4 4s’30M&S
Con mtg g 5s 1930.J&J
1914 opt A-O hicago list
(Cliic)
See C {104
106*4
Gen 4s 1934
U nit RysSanFran
100
IJFederal Sugar, com.. 100
H Preferred
100
1iGeneral Chemical ..100
Railroad
M-S
1] Preferred
100
96 4
98
99
984
98 4
98 °8
99
98
94 4
95
94 4
98*4
98
98*4
964
Chio Peo & St
70
115
97
Gu g 5s 1953
{105
No Hud Co Ry 6s’14J-J {103
5s 1928...
J-J {100
Ext 5s 1924
M-N {110
Pat City con 6s ’31.J-D {100
2d 6s
So Side El
Empire Steel
964
97
WestiughElcfc M 5s.i907 {
Wheei’g& L E 5s ’OS-F-A {
Ask
Bid
100
100
100
100
Ask
11
list
8 4
84
7b 4 71.
121
123
5 4
5 4
10
t
9
30
33
75
10
12
5
10
8
50
48
40
55
85
75
76
70
100
98
2
t
4
24
f 15*4
164
f 23 4 234
14
t
14
14
t
14
t 235 4
11 Preferred
100
Gold Hill Copper
1
Greene Cauauea (w i).20
106
Greeue Con Copper... 10
Greene Consol Gold... 10
81
‘284 Greene Gold-Silver.... 10
9L
GuggenlieiniExplo’n.lOO
Hackensack Water Co —
Kef g 4s 52 op 12...J-J {
Hall Signal Co
100
93
Havana Tobacco Co.. 100
92
96-4
954
94*4
96*4
95 4
98 4
97
9a
StL&SF g4V08...J-D {
South’ll oolitr 5s ’09. A-O {
South Ry g 5s 1910.. F-A {
Tidewater Con Co6sl909 {
U S Rubbergos’08..M S {
precedinq pace.
Railways
Electric Boat
Preferred
Electric Vehicle
Preferred
106
74
NY Cent os 1910.... F-A
Penn Co gu 4 4s 1907 M-N
Pa RR 6s Mar 16 ’lO.M-s {
$376,300
Pub Serv Corp NJf Con)
35
J C Hob & PatersonlOO i 69
4s g 1949
M-N 112
So J Gas El & Trac 100 { 95
400
70
§1011* 103
72
67
clia’ge list
i
DAY
5
Douglas Copper
80
105
91
90
96
96
{
{
82,433
153,752
Street
Ask
Bid
90.500
87,200
59,100
106,600
11,723
Market will be found on a
of Outride
Railways
$32,900
12,794
15,390
Outside Securities
A
Bond
sales
14,388
28,133
22,877
$8,000
30.500
42,000
15.500
7,000
36,000
16,728
29,018
92,817
Saturday
Monday
Bond
sales
{
{
{
{
i
{
{
Cin liam&D44s’08.M-S
Interb R T g 4s 1908 M-N {
5s Mch 1910
M-S {
Kan C So g os Apr’12 J-J {
LackSteeigSs f909 ..M-S {
5s g 1910
M-S {
Lake Sh & M So 5s’ 1 o F - A {
Lou & Nash g os ’10.M-S {
Mich Centos i910 ... F-A §
Minn & St L g 5s ’ 11.. F-A {
Mo Pac 5s Feb 10 ’08. F-A {
Nat of Mex 5s’07.opt A-O {
Week ending
8
Exch
100
70
Butfltoch&P g4 4s’09F-A
98
Cent Cross n gu5sMay’09
98
Chic & Altos 1912... J-J
Cii R I <fc Pao 4 4s’07. J- J } 99
4 4s 190s
A-O { 98
Cliic
W 1ml os ’10 F»& A { 98 *o
I’HILADELPH 1A
BOSTON AND
EXCHANGES
TRANSACTIONS AT THE
Bid
BattervlOU
Corn Prod Ref See Stock
Cramps’ Sli&En BUlgluo
liCrucible Steel
..100
11 Preferred
100
HDiamond Match Co. 100
Dominion Copper(ne w) 10
Preferred
Short Terra Notes
$541,400
$234,000
140
Hi
Brooklyn Ferry stocklOO
B& NY 1st 6s 1911.J-J { 98
60
NY&ER Ferry stk. 100
70
1st 5s 1922
M-N
N Y & Hob con 5s’46. J-D §100
Hob Fy 1st 5s 1946 M-N {103
N Yr*NJ2d5s 1946.J-J {100
30
10th & 23d Sts Ferry 100
1st mort 5s 1919...J-D { 70
264
fl Union Ferry stock .100
89
1ilst 5s 1920
M-N
8r ck»—No. shares
Par Tame
BOKDS
25
Industrial and Miscei
Cons Storage
80
Companies
Ferry
1 to March 29
1907
1906
1907
100
Telepli 100
USouthern & Atlantio
Ask
55
115
105
68
63
110 4 112 4
110
105
83
75
101
95
UN Y&N J Telepli... 100
11 Nortliwestern Teleg. 50
Paoiho & Atlantic
25
404,500
808,000
369.000
160,000
67,000
2.795,000
149,592,150
6,763,747 $594,516,100
Total
Hudson River
$81,000
$1,107,000
792,899
1,675,825
1,281,401
1,299,042
IWday
11 Gold tfc Stock
U S
Bonds
State.
Bonds
Railroad «tc
Bonds
Par value
Shares
1907
YEARLY'
AND
DAILY'. WEEKLY
March 29
exchange
new York stock
transaction a at the
Bid
Telegr ik Telephone
IfAmerTelegJfc Cable 100
Xl25
VlCentral & So Amer. 100
Coramer Un Tel (N Y).25 113
75
Emp & Bay State Tel 100
45
Franklin
100
Stock Exchanges
Volnme of Business at
Week ending
739
THE CHRONICLE
1907.]
Mae. 30
BOSTON STOCK EXCE4NGE— Stock Record,
Share Price*—Not Per Centum Prices
Wednesday
March 2?
Tuesday
Monday
March 25
Saturdav
Diarch 23
March 26
Daily, Weekly and Yearly
Thursday
March 28
Friday
STOCK
EXCHANGE
March 29
Range tor Year
Bales
STOCKS
BOSTON
Range tor Previous
Year(1906)
1907
thi
of
Week
Sham
Lowest
Lowest
Highest
Highest
*
Railroads
88
8R
*93 4 94 4
231
231
*
145
*
145
♦
155
164
155
165
*23
•
_
*23
24
73 4
•
115
115
13*1
112
•8l>
130
113
88
16
67
15
57
*1>4
178
*
157s
55 4
*18 4
175
178
190
190
*
90
97
*
•874
131*4
884
106
100 4
130
*
144
*
152
♦
*23
24
¥
131
113
90
*111
*86
194
145
230
154
165
734
*130
154
6734
194
90
106
130
114
23 4
*
•
90
15 4
*16*4
66 4
*204
57
20 7*
175
¥
*864
♦
*38
42
90
97
130 4 133*4
87 4
*864
90
106
90
106
106
106
17
67
214
1754
195
♦
130
124
23 4
72
195
*
90
97
94
130
112
88
130
*100
195
♦
90
*
1744175
120*8 127
*86 4 87 4
91
130
114
*86
195
90
97
•
115
8S°b
144
230
15rt
165
140
230
155
2 4
116
55
•19 4
196
♦
144
230
153
165
72
144
177 4
•195
85 4
88°b
93 4
924
2304 2304 *230
86=*
94
230 4 230 4
230
*
85 4
924
80*8
93 34
974
90
106
89*8
89=*, Atch Top A Santa FelOCi 1,751 83=8 Marl4
Do
93 7o
*92 7m
167
9278 Mar2t
pref
100
*230
232
230 H
58 225
Jan 15
2304 Boston & Albany.... 100
143
144
*140
Boston Elevated
IOC
157 140
144
Mar27
Boston A Lowell
•230
IOC
35 230
Jan 7
155
155
Boston A Maine
155
160
418 i52
100
Marl4
Last Sale 165
Feb’07
Do
165
Jan 1
pref
IOC
Last Sale 30J
Mar’07 Boston A ProvndencelOO
298
Jau 10
*22
23 4
BostonAWor Elec Co....
200 23
Marl3
Last Sale 71
Do pref
72
Mar 07
Marll
150
Chic June By A US Y100
150
17 150
Feb28
Do
114
22 114
114
Mar29
pref
100
Last Sale 188
Feb 13
Feb’07 Con A Mont Class 4.. 100
188
Last Sale 156
150
Mar’07 Conn A Pass Riv pref 100
Marli
260
8 200
260
Connecticut River... 100
Mai28
¥
*
Fitch burcr Dref
130
130
87 130
Mari 5
100
Ga By A Electric.... 100
*108
112
112
195 107
*108
Feb b
Las 1 Sale 83
Do
Mar’07
87
Feb 19
pref
100
Last Sale 197 4
Feb’07 Maine Central
197 Hi Feb 15
100
16
16 4
16 4
760
16 4 Mass Eleotnc Cos....100
14Hi Mar22
58
Do
564 57
58 4
pref
100 2,099 55 Mar26
Last Sale 19\
Mar’07 Mexican Central
100
19=« Mar 9
174
174
173
N
Y N H A Hart....100
90* 173
Mar29
1734
Last Sale 159 4 Jan ’07 Northern N H
159 Hi Jan 22
100
Last Sale 2*5
225
Mar’07 Norwich A Wor preflOO
Marly
195
195
195
Old Colony
195
96 195
Mar26
100
LastSale 52
Jan ’07 Pere Marquette
52
Jan 16
100
Last Sale 56
56
Jau ’07
Do
Jan 23
pref
100
Last sale 40
40
Mar’07 Rutlandjpref
MarlO
100
90
tto
Seattle Electric
To 90 Mario
*...... 90
100
*
97
97
97
10
97
Do
Mario
pref
100
131
13 L 4 136 4
136 4 Union Pacific
MarJb
100 2,66, 124
Do
85 4
50 804 Mar29
*864 874
854
pref
100
Last Sale 170
165
Mar
7
Mar’07 Vermont A Mass....100
90
*90 4
90
West End St
iTIl 90 Mar25
91
50
106
106
♦105 4
106
Do
2/1
106
MarlO
pref
50
Last sale 7 7*8
Mar’07 Wisoonsln Central...100
17*8 Marl3
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90
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pref
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190
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3
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27
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60
Nov
Do
80
90 4 Nor
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pref
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126
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100
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Mar 16 182
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75b 156
100
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11
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100
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80'8 Feb
Do
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pref
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pref
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9
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98 4 Jan
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100
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10
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10 4
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25
25
26
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BostonCohCAG(rcts) £1
350
3,556
5,910
3 Hi Mar25
6 Hi Feb 20
45
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79
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Jan 6
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53
Jan 22
59
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75
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6
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74
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25
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May •yo
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25
42
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184
10 2,738 148
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Dec
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25
184 820
Marjd 1000 Feb 16 d7o
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Dentenniai
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40 4 Dec
174 J’ly
25 2,556 29*4 Mar26 47
Cons Mercur Gold...
Jan 19
•35 Dec
70
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5 2,650 •35
Jan
66*4 j’ly
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14
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20
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60
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84
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14 Hi May
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131
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4 4 Mar 5
4 4 J an
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5
514 J an 11
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15 4 J’ly
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Feb b
25 3,605 1434 Mar 14 30
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5 Hi Mar25
12 4 Jan
25 1,355
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b •90
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14 Jan
25
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13
15 ‘4 Jau 24
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144 Dee
10*4 J’ne 22 4 Dec
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25 2,593 13 Mai 2 b 24 ^ Jan 15
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54 4 Mai
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85
25 3,831 68
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i =s Dec
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150
2 Hi Mar 14
7 4 Feb
134 Jan 18
Nevada Consolidated
13 ‘a Mar2 7 2oH( Jan lb
11
Jan
5 2,585
23*8 Oct
North Butte
Mai 26 I2u
15 43,880 72
Jau 6
74*4 Mai 117 4 Oct
1
•70
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Marl
2
2 4 Dec
4
25
H: Jan 4
J’ly
33
Olcl Dominion
Mai 26 63
Feb 14
25 15,732 36
J’ly 664 Oct
93
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Mar 2 6 181
Feb21
Mai 151
25 2,918 115
Dec
Jau 14
48
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2234 J’ly
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1
Jan 5
2 =g Dec
25
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t3
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80
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Feb 0
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25 2,454 108
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3 4 J’ly
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6
9 4 Dec
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25 3,318
Santa Fe(Goid A Cop) 10
3
Mar27
7 Hi J an b
14 J’ly
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1,600
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18 4 Not
10 18,687
14*4 Mar26 24*8 Jan 17
90
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Jan 14
j’ut .22
25 1,971 100
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Jan
40
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25 39 H2 Mar29 55 Hi Jan b
25
May 52 Jan
t
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25 36,817 147a Mar26 42Hi Jan 24
United Copper
574 May 78 Feb
100 2,925 63 Mar 26 77^ Mar 7
Do
88
67
Mario 67
Mar 16
Jan L11
Feb
pref..
100
9 4 Sep
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13 >4 Jan 22
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51
70
66
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4
79
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6 15,346
6
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26 3,534
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11=8 Feb 27
4
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Winona..
25 2,230
134 Oct
J’ly
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245 160
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Feb 11 131
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25
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BOSTON STOCK EXCU'GE
Week Ejrmxe March 29
Friday
March 29
Range or
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c
BOMb
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BOSTOK STOCK EXCH’QE
Vue Rvona March 29
Price
Week’s
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Friday
March 29
Range or
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Adjustment
Boston Elect
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1924
Consol 6s
Boston A Lowell 4s
4a.
Boston A Maine 44s
Boston Terminal 1st
Bur A Mo Riv ex 6s
1907
1916
1918
1918
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1910
Batte A Boston 1st 6s....1917
i
A-O
A-O
M-N
1922
1927
1921
1949
F-A
M-N
M-S
J.J
Joint bonds See Gt Northern
Chic Jo Ry A Stk Yds 5s .1915
Coll trust refunding g 4sl940
Oh MU A 8t P Dub D 6s.. 1920
Oh M A 8t P Wis V div 6sl920
Ohic A No Mich 1st gu 5s. 1931
Ohio A W Mich gen 6s.... 1921
Concord A Mont oons 4s..1920
Conn A Pass R 1st g 4s. ..1948
Current River 1st 5s
1927
DotOr Rap A W 1st 4s... 1946
Dominion
"II" *8*6 *
1915
1927
Fremt Elk A Mo V 1st 6s.. 1933
90 4
Saturday
March 23
LOO
99
90
100
Gold 4s
Western Teleph
Apr’05
884
91
93
Mar’07
140
Sale
91
904
884
94%
71
Wisconsin
Wisconsin
974
96
1924
88 4
89
874
■874
88
••••••
11
11
49% 494
854 364
94
94
*104
’104.
49
33 4
9
49
354
*484
Oho
94
Con. Gas EL L. A Pow.
Do
prel
Northern Central
10
814
604 61
24
694 60 4
44
•^3
7V
164
494
*414
•414
64
7uia
164
4*4
42 4
42
64
79
814
84
80
674
6O4
68
84
84
11
Ti‘ 'll
494
•484
854
604
694 581Bia 604
434 434
424 43
74
74
74
74
164 164
154 164
494
464
4534*9i6ie
68 4
•40
*40
844 854
634
814
42
42
634
97ia
94
25
9
81
94
814
614
14
o915ia 81*is
434 434
*414
424
634
*414
424
54
54
834
834
814
844
634
82
Bid
60
100
60
Ask
41
60
47
604
70
62
63
100
Ft Wayne AW V
100
Germantown Pass.....50
Indiana Union Tr....l00
Insurance Co of N A.. 10
Inter Sin Pow A Cbem.60
22
KeystoneWatchCase.100
Lit Brothers
10
Little Schuylkill
50
Phila Co (Pitts) pref...60
Phil German A Norris. 50
Phila Traction
50
164
10
Tonopah Mining of Nevl
Union Tr of Ina
100
United N J RR A C.. 100
Unit Trac Pitts pref..50
Warwick Iron A Steel.10
West Jersey A SeaSh.60
Westmoreland Coal.. ..60
Wilkes Gas A Elec..100
*
Bid and aaked
94
*5
*21
94
814
61
*14
694
434
74
154
504
•42
42
64
*82 4
*27
86 4
45
46
*91*
*9*2*
16 *4
17
74
65
American Railways....
Cambria Steel
Electric Co of Amerloa
CD
364
36
Q
94
6
23
10
82
614
100
Lemgh C A Nav tr ctfs. 50
Lehigh Valley
60
W
o
ko
14
t>
Pennsylvania RR
Philadslp’aCo (Pittsb).
Philadelphia Electric!.
Phila Rapid Transitc..
W
Reading
0
Do
1st pref
Do 2dpief
Union Traoton
154
52
43
42
64
United Gas Impt
Welabach Co
84»*
30
Ask
Bid
Con Trac of N J 1st 6s.’33
E A A 1st M 6s 1920 M-N
Elec A Peo Tr stk tr ctfs
100*4
Gen M 44a g. 1924.Q-F
Leh V C 1st 6s g'33..J-J
Leh V ext 4s 1st 1948.J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Income 4s 1939...M-N
NoOhioTrac con58’19.J-J
Penn gen 6s r 1910.. Var
Consol 5s r 1919...Var
Penn A Md Steel con 6b.
Pa A NY Can 6s ’39.A O
Con 4s 1939
A-O
Penn Steel 1st 5b ’17 M-N
People’s Tr tr certs 4s ’43
P Co IstA col tr 6s’49 M-8
ConA coitr&s 1951M-N
Phil Klee gold trust ctfs.
Trust certifs 4s
P A E geD M 6 g ’20. A-O
Gen M 4s g 1920..AAO
day. U Ex-righla.
974 100 4
99 4 99 4
99 4 100
i00 4100 4
’07
103
103
105
105
99 4 Nov’OO
100-4 Feb’07
1004
11162*
Apr’06
107 4 Mar 07
107
Dec’07
102
1150 4
98
100
94
94
100 4 Jan ’0
102
Jan M)7
93
98
100
100
92
1024 Jan '06
I0i*4 Jan ’07
93
93
4
no
94
1199 4
100 4 1004
102
102
1004 1004
92
99
U94 4Sep ’05
109*4 Aug’05
latest bid and asked. H Flat price.
93*a
62*4
108
110
106 4
Ph A Read 2d 6s ’33. A-O
Con M 7s 1911
J-D
Con M 6s g 1911
J-D
Ex Imp M 48 g ’47.A-O
Terminal 6s g 1941.Q-F
P W A B col tr 4b ’21. J-J
Rys Tr ctfs 4s’49JAJ
United Rys Inv 1st coll tr
sf 5b 1926
M-N
U Trac Pit gen 5b ’97 J-J
Welsbach a f 6s 1930.J-D
Wlks-B GAE
108*
147 4 149
904
96
66 4
1907
194 Feb25
234 Jan
7
35
Marl5
104 Marl‘2
48
Jan
7
134Jan
3
Mar25
324 Marl4
87e Mar'l
51
Jan
47 4 Jan
2
50 *4 Sep
24
114 Jan 14
3034 Jan
82% Jan
1st pref
2d pref
G-B-S Brewing
100
100
49
424 Mar2j
7 4 Mar,4
154 Mar27
4534 Mar25
43
42
63
110
100
1094
994
I0534
99* 100
96 4 97
67
66
Exchange 3 4s 1930 J*J
Balt A P 1st 6s m 1 ’ll A-O
Balt Trac 1st 5s. .’29 M-N
No Balt Div 5b 1942 J-D
Convertible 6a.’06 M-N
Cent’lRy
104
Marly
Marl5
Mar 14
804 Marl 4
26 4 Feb 11
con5Bl932 M-N
58.1932 M S
Ext A Imp
| f 7.60 paid, t $15 paid.
Jan »
Jan 10
Jan 26
11
111
1184
99 4 100 4
99
97 4
624
80
110
71
8*4 Feb 14
Jan 22
094 Jan 7
46-4 Jan 14
Jan 14
47
60 <4 Jan 22
964Jan 5
30
Feb 18
24
M HJ
Nov
Dec-
Nov
J’ns
J’ne
Dec
J an
J an
Jan
Jan
394 Nov
127s Nov
14
48
Jan
Jan
23 4
Jan
Jan
J’ne
Oct 3l5ie Jan
J’ly 73llia Jan
Apr a54 -a Mar
64 Dec 93ie Oct
cl 9 4 Dec }34 st Jan
Jan
83
564 51a}
434 Apr 47,Bie Jan
51
Jan
44 4 M>)
05
Ang
68 4 Dec
Feb
US l 4 May 101
25
Dec
City A Sub 1st 5a..’22 J -D
City A Sub(Was)l8t5s’48
Coal A 1 Ry 1st 5s ’20F-A
ColAGrnv 1st 08.1916 J-J
Consol Gas 6s... 1910 J-D
1939 J-D
’45 J -J
’29 J -J
Ga A Ala 1st con 5s
Ga Car A N 1st 5s g
72 4
Georgia P 1st 6s...’22 J-J
GaSo A Fla lBt 5s 1945J -J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knoxv Trac 1st 5s ’28A-0
LakeK El 1st gu5s’42M-S
MetSt(Wash)lst5s’25F A
Mt Ver Cot
54
Dec 118
May 86
81
88
41
90
Jly 111 4
32
Dec
62 4
Dec
19
Dec
Chas CltyRy 1st 5b’23 J-J
Chaa Ry G A El 5s ’99 M S
Chari C A A ext 5s.’09 J-J
2d 7s
1910 A-O
5b
Highest
Oct
BALTIMORE
Ask
Duck 1st os.
32
Bid
Mar
Ask
109
107
103
112 4
104
1094 IU934
106
107
1184
1094
61s, 52 4
24 4 25 4
107
112
109 4
78“, 79
incomes
290
*■*94
294
94
11
304
94
*6**
100
Atl Coast L(Ct)ctfs 5s J-D
Ctfs of inaebt 4s
J-J
5-20 yr 4s 1925
J-J
Balt CPass 1st 6s ’ll M-N
Balt Fundg 68.1916 M-N
35
85
97
6
8
Jan 25
7
Jan 14
Jan 25 31
20
Marl5 36
Jan 8 14 4
84 Mar 25 16
Jan 7 100
Mar 14 103
78
67
Mar.4 7 s7® Jan 5 65
2 4 J an 7
17ia
1 4 MarJO
58 u Mar25 70^ie Jan 8 61*8
47
4ri s» Jan 4
Bonds
Anacostia A Pot 5s
Atl A Ch 1st 7...1907 J-J
Atlan C L RR4sl952M-S
1014
2
Mar 14
86
Con5s’55J-J
Preferred
60
Georgia Sou A Fla. ..100
Dec
35 4
80
97
22
4S
13
33 4 Jan 15
BALTIMORE
Inactive Stocks
Ala Cons CoalA Iron. 100
Pref
100
Atlanta A Charlotte.. 100
Atlan Coast Line RR. 100
Atlan Coast L (Conn)lOO
Canton Co
100
Cons Cot Duck Corp...50
Lowest
Highest
Lowest
Bid
PHILADELPHIA
Range for Previous
Year(1006)
Range for Year
50
6
50
50 1,052
50 20,730
100
Un
105
105 4
260
50 15,401
166
50 12,05b
25 13,503
50
50 63,707
1194
1054
1914.Q-F
7,lol
106
110
Indianapolis Ry 4s. 1933
Interstate 4s 1943 ..F-A
Lehigh Nav 44b ’14.Q-J
2,943
Portland Ry 1st 5s 1930.
Roch RyA L con 6s ’5 4 J-J
U Trac Ind gen 5s’ 19.J-J
103
93
15
7J1
100
Marsden Co
o
74
250
17,430
10 3,300
50
....100
Cfi
60 4
43 4
*'640
50
Gen Asphalt tr ctfs
Do
pref tr ctfs ....100
Lake Superior Corp....
S
AmUysconv6s 1911. J-D
Atl City 1st 6s g ’19.M-N
Balls Ter 1st 6s 1926.J-D
BergAEBrw 1st 6s’21 J-J
Bethle Steel 6s 1998.Q-F
Choc A Me 1st 6s 1949 J-J
Ch Ok A G gen 5s ’19 J-J
Col St By 1st con 6s 1932
prices; no sales on this
2d
Philadelphia
Q
H
49
Annuity 6s
J-D
Gen cons 4s 2003.M-N
Leh V Tran oon 4s ’35 J-D
New Con Gas 5s 1948 J-D
Newark Pass con 5s 1930
NY Ph A No lst4s ’39 J-J
Railways General
10
Susqueh Iron A Steel..5
10
Tidewater Steel
Preferred
*484
100
100
60 1,054
100
100
pref
United By A Electric.. 50
3
PHILADELPHIA
RRb 4b g
Keystone Telephone ..50
60
Preferred
60
Pennsylvania Salt
Pennsylvania Steel.. 100
Preferred
100
11
11
seaboard (new)
Do
Eq II Gas-L 1st g 5s 1928
H A B Top con 5s ’25 A-O
100
Mlnehill A Schuyl H..50
N Haven Iron A Steel.5
Northern Central
50
North Pennsylvania..60
o
19 4
Bonds
Al Val E ext 7s 1910 A-O
Alt ALVElec 4 4*’33. F-A
10
Easton Con Electric 6.50
Elec Storage Batt....l00
Indianapolis St
504
43
60
Central Coal A Coke. 100
Consol Trac of NJ...100
Diamond State Steel.. 10
Preferred
10
*42
pref....50
Preferred
74 7“w
154
494
43
Inactive Stocks
Allegheny Val
94
81
60 4
14
*42
PH11JIDELPH1A
American Cemenrt
Amer Gas of N J
Bell Telephone
Cambria iron
49
864
94
M
874 88
21
36
34
26
*9 4
81
88
87
90
194
195
Sales
the
Week
Shares
Baltimore
••If ••••■
103
of
(For Bonds and Inactive
Stocks see beloto)
tYiday
March 29
M
•
85 4
84
1014 Sep’06
11024 Jan ’05
11214 Mar’06
103
Jan ’07
1074 Nov’05
102
Mai’02
984 Mav’OO
Mar’07
105
Cent 1st gen 4sl949
Valley 1st 7s.. 1909 J-J
ACTIVE STOCKS
Thursday
101
Exchanges—Stook Record, Daily, Weekly, Yearly
Prices
March 28
92*
92”
100
Mar'07
1004 Jan ’07
F-A
J-J
J-J
1917
A Tel 5s. 1932
120
100
974 Mar’07
99 4 Jan
Boston Bonds. * No price Friday,
addition to the purchase price for all
Wednesday
March 2?
1939
98" ”984
114
102 4 Aug’04
98
Klee g os
1929 J-J
Torrington 1st g 5s
1918 M-S
Umon Pac R R A 1 gr g 4s. 1947 J-J
1st lien oonv 4s
1911 M-N
M-8
United Fruit conv gen 58.1911
M-N
U S Steel Corp 10-60 yr 5s. 1963
F-A
West End Street Ry 4s....1916
Gold 4 4s
1914 M-S
Gold debenture 4s
1916 M-N
99
89
LOO
...
5s...1945
99“ 1004
174 Aug’05
Terre Haute
1004 Oct’06
1344 Nov’OO
1'uesdav
March 26
March 25
100
100 4102
....
1908
1916
High
Low
26 4 Oe,t ’06
Repub Valley 1st s f 6s... 1919
Rutland 1st con gen 4 4s. 1941
Rutland-Canadian 1st 4s 1949
Savannah Elec 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s
1930 F-A
103 4 9ep’06
103 4 Apr’05
Prices—Not Per Ceotum
Monday
914
904
83
80
J.J
F-A
A-O
A-O
A-O
J-J
A-O
F-A
J-D
F-A
J-J
J-J
J.J
5s 1929
Oreg Ry A Nav con g4s.. 1946
Oreg Sh Line 1st g 6s
1922
101
1024
94 4 95
P
1124 Jan ’03
Nov’06
104
89
Mar’07
Jan ’07
100
89
994
1917
Since
January
1004 Sep ’06
1134 Nov’06
1014 Sep ’06
118
May’04
844 Feb’07
J’ly
5s....1929
1907
6s
5s
New England cons g
Boston Term 1st 4s
Old Colony gold 4a
100 4
98
Mar'O?
Philadelphia and Baltimore Stock
Shore
100 4
...
Eng Cot Yarn
New Eng Teleph 6s
New
90
S4
....
101
101
95
Feb’07
r122
Apr’06
Feb’05
126
Feb’07
LOO
97 4 IOO 4 Mar’07
99
Mar’07
aoerned Interest In
Note—Buyer pays
1
Mar’07
93
Unstamped 1st 6s
1933
GtNor CB A Q coll tr 4s 1921
1921 <4-J
Registered 4s
*
Mich Teleplst 5s
Minne Gen Elec con g
1024 J’ne’06
984 Dec’00
M-N
M-S
M-S
A-O
A-O
J-J
4s
100
J’ne’Ol
123 4 Nov’06
111 4 J’ly *05
84
84
May’05
109
114
A-O
A-O
J-J
1912
1925
.1911
1939
1939
Cons 1st 4s
Mara Hough A Ont 1st 6s.
Mexican Central cons 4s.
1st cons inc 3s
Jan
2d oons inc 3s
Jan
**1074
107
*
•
.
1004 Feb’07
102 4 J’ly’06
103
105
J.J
J-J
M-N
J-D
J-D
A-O
A-O
A-O
4s
....
994 Oct ’06
J-J
A-O
1908
98411014
110
Feb’*0*4
104 4 Apr’00
101
Sep’06
Mar’06
114
1124 Jan ’03
107 4 Jan ’07
102
Sep ’06
Coal 1st s f 5s..1940 M-KJ
Fitchburg 5s
deben 5s....1910
Non-conveitdeben 5s...1913
la Falls ASioux Cist 7s.. 1917 A-O
Kan C Clin A Spr 1st 5s... 1925 A-O
Kan C Ft S & Gulf 1st 7s. .1908 J-D
Kan C Ft Scott A M 6s....1928 fM-N
Kan C M A B gen 4s
1934 M-S
Assented income 5s
1934 M-S
Kan C&MRy&Br 1st 5sl929 A-O
Kan C St Jo A C B 1st 7s.. 1907 J-J
A-O
Maine Cent cons let 7s... 1912
Rang*
High .Vo
A sk Low
100 7g Oct ’06
100
Mar’07
99
100
122 4 Nov’Od
**97** 98 Jan ’O?
102 4 Nov’06
11 i
116 4 114
94 4 Dec ’08
Mar’07
92
Mar’07
100
j.j
A-O
nimols Steel
1191% 2*0 1191% 92
1191%
92
58.1919
1919
1913
Mar’06
984 Mar’07
98
964
Cedar Rap A Mo R 1st 7s.1916
2d 7s
1909
Cent Vermt 1st g4s..May 1920 Q-F
C B A Q Iowa Div 1st
Iowa Dir 1st 4s
Debenture 5s
Denver Exten 4s
Nebraska Exten 4s
B A 8 W s f 4s
Illinois Div 34s
3
83
»
Bid
High
964 984
83
904
Low
19
97
104
F-A
J-J
J-J
J-J
A-0
M-N
J-D
Non-exempt 6s
January 1
H87 4 Nov’06
J-J
1944
34s. 1947
Since
Ke
High
Ask Low
964
964 Sale
83
80
83
Bid
Range
741
Record.
Boston Bond
1907.J
Mae. 30
93
102%
99
1054
NptNAO P 1st 5s’3S M-N
General 5s—1941 M-S
Norfolk St 1st 5s’44..J-J
North Cent 4 4» 1925 A-O
Series A 5s 1926
J-J
Series B 5s 1926
J-J
Pitt Un Trac 5s 1997.J-J
Poto Val 1st os 1941..J-J
Sav Fla A West 5s’34 A-O
Seaboard A L 4s 1950 A-O
Seab A Roan 5b 1926. J-J
Soutli Bound 1st 6s..A-O
UE1 LAP lst448’29 M-N
Un Ry A El 1st 4s’49 M-S
Income 4n 1949
J-D
Va Mid 1st 6s 1906..M-S
2d series 6s 1911...M-S
3d series 6s 1916..M-S
4th ser 3-4-5b
5th series 6s
I16
75 4
70
90
80
864
514
52
1921.M-S
1926.M-S
(State) 3s new ’32. J -J
Fund debt 2-3a 1991. J-J
C con 6s 1914 J-J
WesVa CAP 1st Sir'll J-J
WU A Weld 5s.. 1936-JJ
Va
Went N
* $10 paid, i $20 paid, a Receipt*,
b $25 paid. c $30 paid.
742
[VOL.
THE CHRONICLE
LXXXIV
tnmatmmt and Railroad intelligence.
RAILROAD
The
GROSS
EARNINGS.
STEAM railroad from which regular weekly or monthly returns
the latest week or month, and the last two
week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
period. The returns of the street railways are brought together separately on a subsequent page.
following table shows the
gross
earnings of
every
be obtained.
The first two columns of figures give the gross earnings for
columns the earnings for the period from July 1 to and including such latest
can
Latest Gross Earninos.
Week or
Month.
ROADS.
Current
Year.
Previous
Year.
Ala Great Southern —See Sout hern Rail way.
Ala N O & Tex Pac.
N O A N East... February
262,107
Ala A Vicksburg. February
127,012
Vicksburg Sh A P February
January
Ala Tenn A North..
k Atch Top & S Fe_
Atlanta & Chari
Atlan Birm & Atl’c.
Atlantic Coast Line
Baltimore A Ohio
143,106
4,842
7,352,247
.
February
December
January
January
February
Bangor A Aroostook January
Bellefonte Central.. February
Bridgeton A Saco R January
367,257
_
.
Buff JEloch A Pitts
Buffalo A Susq
Cal Northwestern
Canadian Northern
Canadian Pacific
Central of Georgia.
Central of N Jersey.
Chattan Southern..
_
_
.
.
3d wk Mch
January
December
3d wk Mch
3d wk Mch
3d wk Mch
February
_
3d wk Mch
Chesapeake A Ohio. January
._
Chesterfield A Lane January
_.
Chicago A Alton Ry February
139,904
2,426,242
5,939,293
275,661
4,393
2,914
151,983
163,589
1 28,863
109,400
1,389,000
260.900
Chic Great Western 3d wk Mch
Ghic Ind A Loulsv. 3d wk Mch
171,561
111,768
Chic lnd A Southern
Chic Mllw A St Paul
Chic A North West.
Chlc St Paul MAO.
Chic Term Tran RR
Cln NO A Texas Pac
Cfnclnnat* Northern
Clev Cln Chic A St L
Colorado Midland..
hCol A South Sys._
Col Newb A Laur_.
—See New
$
2,160,314 1,914,925
1,042,296
904,512
1,088,309
824,609
27,194
23,835
60,624,009 53,345,295
36,379,662 33,382,242
46,006,992 42,370,548
9,547,394 8,935,870
1,224,567 1,250,722
..
_
_
—See Sout hern
Ra Ilway
—See New York Cen tral.
—See New York Cen tral.
January
__
3d wk Mch
January
January
Cornwall
January
Cornwall A Lebanon January
Copper Range
Denv A Rio Grande
Detroit A Mackinac
Det Tol A Iront Sys
Dul RLA Wlnnlp.
Dul So Shore A Atl.
Erie
Evansville A Ter H
Fairchild A N E...
Fonda Johnst A Gl_
5
f
York Cen tral.
4,776,378
4,834,236
975,086
3d wk Mch
29,342
January
February
February
Previous
Year.
49,937,206 43,434,118
9,077,329 8,482,473
17,373,634 16,713,276
117,092
97,854
14,583,685 14,089,970
27,434
21,071
8,752,110 8,084,937
6,931,319 6,402,671
4,267,589 4,260,831
1,887,745
1,004,418
Current
Year.
2,147,550 2,049 .686
900,370
617,963
15,032,044 13,716,728
5,80:
54,076,049 50,986 .38w
1,809,432 1,367,201
41.302
38,610
28.773
29,347
5,957,694 6,423,092
1,059,888
916,912
119,241
957,095
975,771
4,940,400 3,633,800
3,695
2,000,288
4,921
_
July 1 to Latest Date
_.
__
3d wk Mch
3d wk Mch
2d wk Mch
December
3d wk Mch
190,413
277,181
28,629
60,467
17,033
39,399
367.900
29,941
79,651
187,253
26.768
24.670
84,177
58,021
53,264
4,126,002 4,201,436
January
—See Rock island S ystem.
1,715
1,687
February
December
51,787
54,251
233,195
Georgia RR
February
250,686
Georgia Coast A P’t December
8,095
2,495
Georgia South A Fla —See Sout hern Rail way.
Grand Trunk Sys.. 3d wk Mch
783,370
706,254
Gr Trunk West.
1st wk Mch
117,866
117,496
Det Gr H A Mil.. 1st wk Mch
34,488
34,012
Canada Atlantic. 1st wk Mch
37.515
36,883
Great Northern
2,470,709 2,970,511
February
Montana Central. February
177,074
217,748
Total system.... February
2,656.873 3.188,259
Gulf A Ship Island. 2d wk Mch
48,480
46,677
Hocking Valley.... January
522,139
537,755
Illinois Central
February
4.414,084 4,366,911
Inter A Great North 3d wk Mch
140,000
108,000
alnteroceanic (Mex) 3d wk Mch
149,764
144,475
Iowa Central
3d wk Mch
63,214
59,543
Kanawha A Mich.. January
191,308
180,341
Kansas City South- February
726,988
667,330
_
_
_
.
.
..
.
1,498,893
9,752,321
1,296.228
8,566,044
169,936
399,541
118,102
269,161
14,070,211
804,009
2,979,883
182,305
456,562
126,696
282,362
15,100,081
916,349
3.007,597
108.944
168,412
2,310,021 2,211 ,925
31,151,203 30,061 ,424
12,083
16,494
418,911
388,936
2,063,980
39,935
1,909,432
...
—
30,911,975 28,401,526
4,095,344 3,780,592
1,260,735 1,095,058
1,382,227 1,335.446
33,969,111 33,131 ,167
1,809,534
1,834,238
35,778,645 34,965,405
1,712,139 1,466,677
4,026,178 3,959 ,573
37,033,141 34,202,570
6,344,555 5,038 .177
5,125.707 4,453,386
2,309,555 2,167,529
1,349,598 1,278,659
5,900,216 4,945,463
Lake Erie A West’n —See New
Lake Shore A M Sou —See New
York Cen tral.
York Cen tral.
Lehigh Valley
February
Lexington A East.. January
Long Island
January
Louisiana A Arkan. January
2,349,156 2,306,797 23,453,733 22,560,883
_
..
Louisville A Nashv. 3d wk Mch
Macon A Firming.
February
Manistee A No E
October
_
_
__
Manlsttque
February
Maryland A Penn.. January
a Mexican Central.. January
_
__
41,919
41,279
Inc.45, 934
95,571
88,381
794,865
927,300
14,290
14,667
26,098
26,195
5,169
4,761
23,053
22,730
2,732,903 2,457,188
189,804
150,522
167,500
133,300
28,038
26,344
York Cen! tral.
15,3231
14,072
71,932
65,841
220,509! 208,767
427,966' 333,399
853,000
780,000
33,000
29,000
886,000
809,000
139.700
92,984
Mexican Internat. 3d wk Mch
u Mexican Railway. 1st wk Mch
a Mexican Southern 1st wk Mch
—See New
Michigan Central
Mineral Range
3d wk Mch
Minneap A St Louis 3d wk Mch
Minn St P A S S M. 3d wk Mch
Mo Kansas A Texas 3d wk Mch
Mo Pac A IronMt
3d wk Mch
Central Branch.. 3d wk Mch
Total
3d wk Mch
b Mobile Jack A K C December
Mobile A Ohio
—See Sout hern Rail way.
Nash Chatt A St L. January
909,256
1,050,356
a Nat RR of Mex_. 3d wk Mch
311,761
284.131
3d
wk
Mch
18,833
E__
Hidalgo A N
3d wk Mch
Nev-Cal-Oregon
»1,633
f»2.878
Nevada Central
5,299
2,327
January
a
_
.
_
-
2d
3d
4th
1st
2d
3d
4th
1st
2d
3d
week
wreek
week
week
week
week
week
week
week
week
Jan
Jan
Jan
Feb
Feb
Feb
Feb
Mch
Mch
Mch
(41
(42
(46
(43
(39
(42
(43
roads).
roads).
roads).
roads).
roads).
318,856
303,360
2nc.631, 917
675,879
552,631
34,604,109 30,714,574
116,849
112,450
54,445
60,779
211,296
216,920
17,080,477 15,955,496
5,840,666 4,995,154
5,072,300 4,433,800
855,335
807,979
547,651
541,793
2,756,929 2,714,240
8,766,819 8,342 .147
18,935,382 15,719,047
33.463.92S 30,815,319
1,182,3221 1,415.313
34,646,250 32,230,632
466 ,475
743,921
6,739,264
10,940,378
718,689
195,1001
roads).
roads).
(43 roads).
(43 roads).
(38 roads).
Cur’nt Year Prev's Year.
9,256,542
9,337,337
14.215.644
8,688.996
9,477,481
9,780,541
10,828,667
9,747,374
10,161,319
9,598,667
Week or
Month.
N Y C A Hud River
Lake Shore AMS
Lake Erie A West
Chic Ind A Sou.I.
Michigan Central.
Cleve C C A St L;
Peoria A Eastern
• Cincinnati North.
Pitts A Lake Erie
Rutland
N Y Chic A St L.
N Y Chic A St Louis
N Y Ont A Western
N Y Susq A West^.
Norfolk A WesternNorthern Central
Northern Pacific
Pacific Coast Co
d Penn—East PA E
d West of P A E.
Peoria A Eastern..
Phlla Balt A Wash.
__
Current
Year.
February
February
February
February
February
February
February
February
February
February
February
A
Lake
.
.
.
.
.
.
.
Total of all lines.
Rutland
St Jos A Grand Isl.
St Louis A San Fran
St Louis Southwest.
Seaboard Air Line...
Sierra Railway
Southern Indiana.
^Southern Pac'fic Co
Southern Railway...
Mobile A Ohio
Cln N O A Tex P.
Ala Great South.
Ga South* A Fla_.
Texas Central
Texas A Pacific
Tidewater A West.
Toledo A Ohio Cent
Toledo Peo A West.
Toledo St L A West
.
Torablgbee Valley.
.
44,7441
6,172 211
9,783 446
164 053
27 560
Inc.
S
8,522 ,557
8.982 .678
518,958
457,866 5,427,124
258.037
278,094
1,775,350
2,559,334 2.375,628 17,645,012
992,236
947,736 7,262,890
3,511,651 4,023,404 44,450,088
569,764
482,835 4,206,538
12583712 12002512 90,996,753
Inc. 305 ,000
Inc. 4,37
_
..
..
_
.
January
January
January
__
8.564 .371
+ 805,130
+ 825,968
+ 627.636
+ 721 430
+
+ 868,721
1.153,133
5.047.280
1,673,920
16,262,504
6,597,490
41,545,725
3,985.119
83,949,653
6,500
—See New
York Cen tral.
January
1,246,140 1,187,340 9,751.778 8,871,278
660,853
692,367 4,698,338 4,631,658
2,385,912 2,149,467 20,230,359 18,803,055
__
_
York Cen tral.
9,490
4,675
54 714
34,844
3,113,191 3,253,274 27,842 175
3,519,340 2,943,198 25,326 845
6,632,531 6,196,472 53,169, 020
142,718 1,045 529
January
168,088
December
75,502
55,911
439, 032
3d wk Mch
11,530
7,395
443, 137
4,635,562 3,979,204 39,452, 596
February
4.096,767 3.396,492 32,746, 373
February
169,351
159,588 1,543, 627
February
8,901,680 7,535,284 73,7*2, 596
February
,528,268
__
.
,861,239
,389,507
932,690
_
.
..
'
364.256
413,472
,167,655
.580,711
,468,724
,217,090
_
_
_
_
York Cen tral
118,688
140,069
—See Rock Island Sy stem.
3d wk Mch
209,325
171,436
—See New
January
January
February
February
January
1,457,257 1,314,669
__
28,104
121,077
.
_
25,799
115,182
10695975 8,181 ,134
3d
2d
2d
2d
wk Mch 1,164,200 1,069,691
w'k Mch
166,766
200,693
wk Mch
167.686
143,885
wk Mch
68,919
72,815
177,100
172,624
February
2d wk Mch
24,616
15,775
3d wk Mch
308,090
259,149
January
7,428
9,494
379,429
January
337,490
3d wk Mch
•20.155
20,864
3d wk Mch
75,237
65,003
6,670
January
4,875
_
__
1.015,930
36.590
_.
__
_
3d wk Mch
3d wk Mch
January..
3d wk Mch
Br_. December
Wlsconsln Central.. January
27,374
50,253
54,025
503,102
488,181
5,949,772 5,115,176 44,976.022 40,932.261
75,472
83,710
674,468
639,752
474,094
449,745 19,725,316 18,088,557
90,619 3,839,093 3,308,870
105,286
264.410 3,338,916 3,107,716
280,010
86,771
98,601 4,257,793 4,060,409
13,789
12,962
94,300
87,172
540,531
532,099 4,347,834 4.184.621
17^438
15,683
124,764
135,105
835,386
791,248 6,435,362 5,583,267
.
Vlrginla A So West. February
937,125
7,706,859 6,552.368
9,196,816 8,551,925
293,334
237,329
1,000.424
966,286
72.266,885 61,784 312
40,672,862 38,897,062
7.271,109 6.463.620
5,904,818 5.783,923
2,847,330 2,643,858
1,472,048
1,281,515
873,159
699,472
12,280,156 9.648,400
50.264
51,332
2,896,944 2,564,664
924,231
972,909
2,977,165 2,992,182
__
Wrightsv A Tennllle January
Yazoo A. Miss Valley February..
Period.
Atlanta A Charlotte Air Line
Bellefonte Central
Manistee A Northeastern
Mch
Jan
Jan
Jan
Manlstlque
Mexican Railway
Jan
Mexican Southern
Jan
New York Central
Jan
Lake Shore A Michigan South Jan
Lake Erie A Western
Jan
l Chicago Indiana A Southern Jan
Jau
Michigan Central
Cleve Cln Chic A St Louis.
Jan
Peoria A Eastern
Jan
Cincinnati Northern
Jan
Jan
Pittsburgh A Lake Erie
Rutland
Jan
N Y Chicago A St Louis
Jan
Northern Central
.Jan
d Penn—East of Pitts A Eric... Jan
d West of Pittsburgh A Erle_. Jan
Phlla Baltimore A Washlngton. Jan
Jan
Philadelphia A Eric
Jan
Pitts Cln Chic A St Louis
Dec
Rio Grande Junction
Texas A Pacific
Jan
Jan
West Jersey A Seas hero
•
1
1
1
1
1
1
1
1
1
1
1
1
-1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Dec
Feb
Oct
Feb
Mch
Mch
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Feb
Jan
Jan
Jan
Jau
Dec
Feb
Dec
Mch
Jan
Current
Year.
Previous
Year.
•
31 $3,477,323 $3,293,915
28
9,526
10,149
31
365,747
361,824
28
9,698
9,140
7
1,482,000 1,271,800
7
241,815
228,651
28 13,974.607 13,767,892
28
6,728,443 6,439,043
28
786,671
860,869
28
462,500
382,048
28
4,367 814 4,100,735
28 3,650,051
3,607,684
28
467,108
490,659
28
146.074
134 085
28
2,114,464 2,080,437
28
371.938
373,613
28
1,624,612 1,619,007
31
992,236
947,736
31 12,583.712 12,002,512
31
Inc. 305, 000
31
1,246,140 1,187,340
31
8 ,364 .260
8,276,751
28
4,892,334 4,503,843
31
75.502
55,911
21
3,917,782 3,163,993
31
280,010
264,410
EARNINGS—Weekly and Monthly.
Dec.
+733,985
+ 354.659
+ 384.974
+ 124,625
13,830 .670
8,672 .351
8,954 .573
10,201 .031
9.025 .944
9,292 ,598
8.445 ,534
or
60,673,928
26,872,910
3,617,791
1,460,219
16,657,445
15,894,421
2,144,478
601,667
8,864,881
C1 .903,277 1.793.410
6,640,821
6,384.826
York Cen tral.
Tor Ham A Buffalo February
Union Pacific Syst. January
Wabash
Western
Maryland
West Jersey A Sea
Wheel A Lake Erie.
63,185,149
38,665,725
3,474,102
1,648,967
18,024,258
16,882,445
2,064,831
698,040
9.,548,802
February
January
January
January
February
Erie —See New
Rich Fred A Pot
Rio Grande June
Rio Grande South..
Rock Island System
e St L A San Fran
Previous
Year.
Current
Year.
—See New
Raleigh A Southport January
Reading Railway.. February
Coal A Iron Co__ February
Total both cos
February
W’msport A N
6,582,124
3,030,876
413,704
•187,299
2,020,993
1,743,632
228,032
71,884
63,222
964,753
1,022,316
175.757
177,043
808,315
751,532
.
Phlladelphla A Erie December
Pitts Cln ChlcASt L February
Pitts
July 1 to Latst Date.
Previous
Year.
6,562,113
3,263,827
373,168
217,072
2,088,988
1,821,250
225,342
,
Various Fiscal Years.
AGGREGATES OF GROSS
Monthly Summaries.
ROADS.
T Evans A Ter H.
_
.
Latest Gross Earninos.
Monthly Summaries.
8.61
3.95
2.78
1.46
9.28
9.22
6.15
7.99
9.35
13.65
Month
Month
Month
Month
Month
Mouth
Month
June 1906 (113 roads)
July 1906 (117 roads)
Aug 1906 (118 roads)
Sept 1906 (122 roads)
Oct
1906 (119 roads).
Nov 1906 (123 roads).
Dec
1906 (127 roads).
Month Jan
1907 (123 roads).
Month Feb
1907 ( 67 roads).
Cur’nt
Year Prev’s Year.
146,010,301
168,33G ,461
179,191,945
184,551,471
198,733,229
186 696,274
184,235.595
173,212.305
65.16S.022
130,233,293
148,013,565
159,835,022
171,553,520
179,405,267
175,727,985
170,746,769
162,623,883
63,850,213
Inc.
or
Dec.
%
+ 15,777,008 12.11
+ 20,322,896 13.73
+ 19,356,923 12.11
+ 12,997,951
7.58
+ 19.327,962 10.77
+ 10,971,289
6.24
+ 13,488 826 7 90
+ 10,588,422 6.51
2.06
+ 1,317,809
Mexican currency,
b Includes earnings of Gulf A Chicago Division,
c Includes the Houston A Texas Central and Its subsidiary lines In both
d Covers lines directly operated,
c Includes the Chicago A Eastern Illinois in both years.
T Includes Evansville A Indiana RR.
h Includes
earnings of Col. A South., Ft. Worth & Denver City and all affiliated lines, excepting Trinity A Brazos.Valley RR.
k Includes In both years earnings
of Denver Enid A Gulf RR., Pecos Svstem and Santa Fe Prescott A Phoenix Rv.
i Figures orlor to April 10 1905 are those of the Indiana Illinois A Iowa
■ai l Indiana Harbor of Indiana,
n For reason for falling off sec note on fallowing page.
a
years,
the third
week of March.
The table covers 38 roads and shows
13.65% increase in the aggregate over the same week last
year.
Roads.
N Y Ont &
March.
$
Chicago Great Western
Chicago Ind & Louisville.
Chicago Terminal Transfer
Colorado & Southern
Denver & Rio Grande
Detroit & Mackinac
Det Grand Haven
783,370
706,254
140,000
144,475
63,214
108,000
149,764
59,543
927,300
189,804
794,865
150,522
15,323
71,932
220,509
427,966
853,000
209,325
14,072
65,841
208,767
333,399
780,000
29,000
284,136
a 2,878
7,395
171,436
,164,200
1,069,691
$
9,806
7,800
260,000
31,400
1,112
6,524
19,762
—
—
2,663
54,617
57,000
4,199
4,757
77,116
r
Minneapolis & St Louis
Mlnneap St Paul & SSM
Missouri Kansas & Texas
Missouri Pacific & Iron Mt
33,000
311.761
Central Branch.
National RR of Mexico
Nevada California & Oregon..
Rio Grande Southern
St Louis Southwestern
Southern Railway.
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western
Wahash
1 ,633
11,530
a
1
Maryland
Erie.,.
308,090
259,149
29,155
75,237
474,094
105,286
86,771
20,864
32,000
5,289
3,671
132,435
39,282
1,251
6,091
11 ,742
94 ,567
73,000
U S
1
,245
4,135
37,889
94,509
48,941
709
10,234
24,349
14,667
98,601
“
11,830
~
g
8.445,534 1
,184,675
1
,153,133
31.542
of Plumas on Nev. Cal. & Ore. nor from Sierra
16 1SK)7 on account or washouts. The earnings
for this year include those from all stations up to March 15, and for Reno
and Plumas on the 16th.
No business since.
week of March our final statement covers
43 roads and shows 9.35% increase in the aggregate over
For the second
week last year.
'
of March.
j
1907.
1900.
Increase.
Decrease.
$
931.746
$
45.461
roads).! 9,011,592:
68,919
Alabama Great Southern
Canadian Northern
Cine New Orl & Texas Pacific._
Detroit Toledo & Ironton
Gulf & Ship Island..
123,200
143,885:
79,051
48,480!
85,592j
Wheeling & Lake Erie.
Net Increase
Net
8.725,307
72,815
98,300
107,680
84,177
46,677
97,636'
4
958,449!
ltoad.
Atch Topeka
& Sa Fc.b.Feb
July 1 to Feb 28
Buffalo Gas Co
Oct 1 to Feb 28.
Earnings—
Previous.
$
5
Year.
13,177
051,515 £def44,513
£411
0414,844
14,061
2.187
£54,427
£201,776
5
244,839
1,909,433
56,337
602,842
25,360
16,248
15,356
144,064
,135,780
4,013,086
1
7(40,278
/i58 ,584
213,049
7(501.860
7(660,038
1,982,115
0531 ,505
0476,427
2,306.797
Feb 2,349.156
23,453,733 22,560,883 08,940,246 08,644,609
10,270
11,653
25,959
28,747
Jan
258,686
230,462
623,040
675.294
Feb
Mexleau International
1 ,994,487
1 ,71 1,178
4,538,690
5.303.141
July 1 to Feb 28.
222,146
385,916
..Feb
^Mexican Lt & Pow Co.
40,857
41,799
73,841
84,267
Minn Gen Elec Co.a.. ..Jan
£62,934
A: 60,057
237,995
254,013
..Feb
Minn & St Louis.a. ...
£890,448 Xl ,021,926
2,515,271
2,545,339
July 1 to Feb 28.
411 ,713
435,106
1,089,954
Feb
1,262,358
National RR of Mexico
3.638,063 3,388,859
8,940,305
9,993,077
July 1 to Feb 28.
3,853
8,348
12,100
16,828
Nevada Cal & Oregon.; i-Feb
69,907
109,313
155,070
184,902
July 1 to Feb 28.
Central.a.
July 1 to Feb 28
Lehigh Valley, bJuly 1 to Feb 28.
Lowell Elect Lt Corp.a
Iowa
Feb
..
248,531
2,137,940
..
-
..
..
—
..
—
$
139,961
3,242,369
5,576
62.654
3,280.013
a 51.032
205,378
2,119,009
621 .988
171,504
,167,440
(>692,420
(>713,420
M ,907,615 (>4,943,895
Feb
Feb
28,209
172,905
1
Year.
$
Fall
28,031
163,813
489,059
Previous
Year.
7,719
6,508
407,589
..
$
Feb
Feb
Current
Year.
$
Year.
Roads.
—Hal. of Net Earn.—•
16,451
33,552
.
-—Int., Rentals, <£c.—
Previous
i
Current
729
233,195
-
report
deficit below these charges:
511
38,252
Feb
..
or
148
250,686
Georgia RR.a.
2,063,980
July 1 to Feb 28.
27,852
Houghton Co El Lt Co. a Jan
601.528
Intcroeeanlc of Mexleo ..Feb
4,685,004
July 1 to Feb 28.
Wks.a.- ..Jan
roads, in
foregoing,
charges for interest, Ac., with the surplus above
Interest Charges and Surplus.—The following
addition to their gross and net earnings given in the
708
16,599
Fall Riv Gas
of
.Jan
(Brockton).Jan
.Jan
Jan
RlvGas Wks...
Net Earnings
Current
Previous
Year.
Year,
$
week as the earnings
Ed El Ill Co
613.844
2,732,473
5.937,725
1 ,205,744
Canadian
4,224,452
July 1 to Feb 28
45,938,206 40,029,118 15,756,182 14,660,377
Feb 1,049,920
Central of Georgia .a
961,035
258,486
219.690
July 1 to Feb 28
8,269,629 7,762,873 1,938,574 2,242.622
Central of New Jersey.b.Feb 1,887,745
1,876,568
776,074
832,381
JUly 1 to Feb 28
.17,373,634 16,713,276 8,187,628 8,186,264
Chicago & Alton.a
867,479
243,584
Feb 1,004,418
238,808
July 1 to Feb 28
8,752,110 8,084,937 3,023,597 2,478,887
18,308
Detroit & Mackinac.a..Feb
102,137
89,546
12,197
July 1 to Feb 28
732,407
831,418
150,380
183,435
Ed El Ill Co (Brockton), a Jan
19,073
16,420
8,427
6,305
1,715
328
Fairchild & Northeast-b.Feb
1,687
604
July 1 to Feb 28
12,083
16,494
defl,721
4,606
13,688
582,817
5,509,171
Paclfic.a-.-.-Feb 4.268,206
Cuyahoga Telephone Co.
89,728
7,352,247 6,711,890 d2,386,499 d2.6S3.554
60,624,009 53,345 ,295d22,657,009d20,508 ,068
Feb
erroneously published last
These figures were
Central of New Jersey
July 1 to Feb 28
868,7211
Feb
Buff Roch & Pitts.b
July 1 to Feb 28
v
the
12,0 4 4
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of March 23 1907.
The
next will appear in the issue of April 20, 1907.
Cross
1906,
im¬
in 1906.
last year.
,526
1,803
(exclusive of results of coal
companies) for February is $496,407 in 1907, against $548,093 in
and for period from July 1 to February 28 is $9,640,641 In 1907, against
$8,986,181 in 1906.
Deductions from total income for additions and
provements were $93,168 In February 1907, against $23,218
and for July 1 to February 28 were $1,355,904 In 1907, against $904,186
23,801
Latest Dates.—The table fol¬
and net earnings of STEAM railroads
Current
Year.
These results are In Mexican currency.
Including other Income, total income
3,896
Earnings Monthly to
lowing shows the gross
309.178
Net earningsr here given are
24 ,900
10.161.319 9,292,598!
(9.35%)
647,172
Jan
Telephone Co
also
$
Total (43 roads)
331,184
705,829
1906.
g
No trains from north
Valleys Ry. since March
Previously reported (37
1 ,441,497
Feb 28.
to
74,009
103.696
1,757,569
b Net earnings here
a
Second week
•
after deducting taxes,
given are before deducting taxes.
d The company now includes earnings of the Denver Enid &. Gulf RR.*
Pecos Valley system and Santa Fe Prescott & Phoenix Ry. In both yearsFor February taxes and rentals amounted to $189,354, against $199,259
In 1906, after deducting which, net for February 1907 was $2,197,145,
against $2,484,295 last year.
From July 1 to Feb 28 1907 taxes and rentals
wtfre $1,664,079, against $1,614,134 last year.
h For February 1907 additional income was $6,006, against $5,903 In
1906, and from July 1 to Feb. 28 was $35,779 In 1907, against $38,500 In '06.
k For February 1907 additional Income was $9,767, against $7,266 In
1906, and from July 1 to Feb. 28 was $164,229 In 1907, against $121,091 In
a
4 ,000
o
same
457,866
5,047,280
Reading Railway Co—
1 .022,633
888,864
3,253.274
Feb 3,113,191
Phila & Reading, b.
27,842,175 27,528,268 10,131,380 11.024,763
July 1 to Feb 28.
201,504
198,809
2.943,198
Feb 3,519,340
Coal & Iron Co.b
Feb
1,613,897
1,406,043
25,326,845 23,861,239
July 1 to Feb 2
1,224,137
1,087,673
6,196.472
Feb 6,632,531
Total both cos.b53,169,020 51 ,389,507 11,537,423 12.638.660
July 1 to Feb 2
137,517
128,639
Feb
Reading Co
.Feb
992,550
1,044,630
July 1 to Feb 28
1 ,216,312
1,361,654
Feb
Total all cos
Feb
12,582,053 13,631,210
July 1 to Feb 28..
1,011,112
1,197,512
3,979,204
Rock Island system .a. - Feb 4,635,562
39,452,596 35,167,655 12.572.580 10.688.959
July 1 to Feb 28..
1,085,353
1,307,167
3,396,492
Feb 4,096,767
St Louis & San Fran .a Feb
9,631,961
32.746,373 28,580,711 11,169,025
July 1 to Feb 28..
61.302
69,751
159,588
169,351
Evansv & T Haute.a Feb
667,791
715,651
1,468,724
1,543,627
July 1 to Feb 28..
2,157,767
2,574,430
7,535,284
Total of all Llnes.a.- Feb 8,901,680
73,742,596 65,217,090 24.457,256 20,988.711
July 1 to Feb 28..
137.743
263,264
708,739
Feb
863,656
St Louis Southwest’n.b-Feb
1,621,334
2,354,992
6,019,126
7,089,056
July 1 to Feb 28
22,581
21,799
67,868
Feb
100.287
Texas Central .a
274,257
307.329
670,930
822,764
July 1 to Feb 28
©19.010
©21,520
r30,747
.Jan
P32.94G
27,625
65,003
449,745
90,619
9,598,667
Total (38 roads)
Net Increase (13.05%)
the
1
$
s
...
Mexican International
Mineral Range
Wheeling & Lake
$
Decrease.
& MilwI-1
Canada Atlantic
J
International & Great Northern
Interoceanlc of Mexico
Iowa Central
Louisville & Nashville
Western
$
29,941
58,021
367,900
Duluth South Shore & AtlanticGrand Trunk of Canada
1
Grand Trunk Western
1
Increase.
161,789
101,600
1,129,000
229.500
2,583
165,037
92,006
32,005
222,564
310,900
25,742
53,264
151,983
109,400
1,389,000
260,900
3,695
171,561
111,768
29,342
277,181
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific—
Central of Georgia
Chattanooga Southern
1906.
Year.
$
Year.
Year.
518,958
5,427,124
Previous
Current
.Feb
Feb
Pittsburgh Coal Co
Jan
1907.
.Feb
Western.a..Feb
July 1 to Feb 2
Net Earnings
Earnings—
J’revious
—Gross
Current
Year.
$
which
Latest Gross Earnings by Weeks.—In the table
follows we sum up separately the earnings for
Third week of
743
THE CHRONICLE
Mar. 30 1907.
Georgia RR
July 1 to Feb 28.
Houghton Co El Lt Co
Lowell El Lt Corp
a413,273
2.187
.Jan
.Jan
Jan
1,181
Feb
Mexican Lt & Pow Co. Feb
.Jan
Minn Gen El Co._
Jan
Feb
Nevada Cal & Oregon
Feb
July 1 to Feb 28
150,000
g
—
Feb
Feb
West
July 1 to Feb 28
N Y Ont &
72,146
8,887
9,050
3,302
25,873
73,831
593,484
2,698
20,333
228,658
464,935
890,500
Feb
Reading
Feb
7,124,000
July 1 to Feb 28
2,583
Feb
Feb
Texas Central
20,664
July 1 to Feb 28
©13,028
Jan
L S Telephone Co
Jan
Jan
1
to
Feb 28
867,882
6,943,052
2,583
20,664
rl3,017
31 ,807
32,912
£0,131
£94,336
£1,262
£51,157
1,164,085
4,480
877,305
102,526
240,894
65,295
154,044
325,812
5,458,053
6,688.158
29.865
69,529
564,192
243,883
493,128
.Feb
Feb
Pittsburgh Coal Co
13,169
9,488
10,472
782
493,772
19,908
19,216
286,665
253,593
©7,592
©5,993
and other deductions.
renewals, additions,
to $70,940 for February, against $151,479
July 1 to Feb. 28 1907, against $1,235,736
Charges here Include road rental (paid by lessee)
Included in the fixed charges are expenditures for
a
b
and Improvements amounting
in 1906, and to $783,370 from
last year.
v These figures were erroneously
the Cuyahoga Telephone Co.
published last week as
for other Income.
x
After allowing
g
These results are
in Mexican currency.
STREET RAILWAYS
AND TRACTION
Latest Cross
Name of
Road.
i
Current i Prevlovsl
Week or
Month.
Year.
192,829
February
88,892'
January
20,229
February
Binghamton Ry
164.126
Blrm Ry Lt & Power February
6,195 j
Brockton & Ply St Ry January
6,217!
Burlington (Wt Trae, January
19,734
Cape Breton Elec Co. January
49.763
February _!
Central Penn Trae
52.478!
Chari Con Ry Gas & El February
52.777
.j
February
Chicago & Milw Elec.
66,3821
dChicago & Oak Park February
18.031 i
Cleve Painesville & E January ..'
44,707'
Cleveland & Southw.: February
89.439
December
Dallas Elec Corp’n
6.194
Detroit Jack’n & Chi. 3d wk Meh1
109,763
3d wk Meli
f Detroit United Ry..
14,650
3d wk Mch
Duluth Street Ry
144,638
East St Louis & Sub. February
37,043
January
El Paso Electric
.
Ry
Year.
..
.
.
_.
25,241,
178,094
80.258
19,364
138,788
5,736
6.2UO
..
..
.
.
.
.
..
Wabash
Valley Traction
Ft Wayne <Sc
January
..
91
178
)
$
.
27,125!
December
Albany & Hudson
!
19,900
45,531
50.793
36,593
66,034
1
COMPANIES.
1
Jan.
Earnings.
$
^American Rys Co
cAur Elgin & Chic
the earnings of
5,858'
39,718
84.735
91,429
13,352
133,818
27.346
latest date.
to
Current
Previous
i
Year.
Year.
1
$
378,532
80,258
39,835
403.560
88.892
42.308
352,047
6,195
6.217
286,724
5,736
6,200
19,900
95,362
104,306
80,036
137,664
15,858
86,285
19,734
104.069
107.812
1 15,408,
139,153
18,031
94,265
1.023.136
644,402'
1 ,243,533
154,014
309,148!
37.043
934.707
1
,067,926
142.601
277,010
27,346
i
80,145
31 ,178
80,145.
744
[VOL.
THE CHRONICLE.
Latest Gross Earnings.
Nome of
Road.
Week or
Month.
Previous
Year.
Current
Year.
\Jan.
1
to
latest
Current
Year.
Gross
Current
Year.
5
date.
Previous
Year.
Roads.
Earnings
LXXXIV.
Mel Earnings
Previous
Previous
Year.
Current
Year.
Year.
$
5
$
■
$
25,548
19,737
Galveston Electric Co
Hartf & Spring St Ry February
Havana Electric Ry. Wk Mch 24
Honolulu Rapid Tr Ac
Land Co
January
25,548
s
19,350
9,166
33,567
9,140
32,710
399,496
28,381
27.958
28,381
Houghton Co St Ry_. January
Houston Electric Co. January
Illlnols Traction Co.. February
Indlanap Col & South December
Jackson Consol Trac. January
Jacksonville Elec Co. January
Kan City Ry & Light January
..
15 .944
50,093
14,832
43,077
15,944
50,093
_
262,363
212,272
542,402
21 .087
10,104
19,135
9.745
31,727
479,021
24,913
427,330
240,03J
10,104
31 .727
479,021
70,845
66.560
866,970
427.330
788,268
35,267
10,862
30,509
8,503
75,032
22,390
68,316
17,309
216,220
277.271
48,607
61,873
189,798
448,975
390.864
254,512
40,804
51,619
105,932
22,006
498,578
106,472
582,262
530,533
85,650
622,035
105,932
45,974
498,578
221,440
661 ,037
123,831
242,867
18,273
19,343
$
_
..
__
..
..
._
Lake Shore Elec Ky.
Lex Ac Inter Rys Co..
Madison Ac Tnt Trac.
Met West Side Kiev.
Mllw Elec Ry Ac Lt Co
Milw Lt Ht & Trac Co
Montreal Street Ry..
.
.
December
February
February
February
.
.
.
February
February
_
.
Wk Mch 23
122,945
23,571
541,653
Nashville Ry & Light
N J & II R Ry&Fy Co
N O Ry & Light Co..
Nor Ohio Trac A: Lt..
Nor Texas Trac Co..
Norf A: Portsm Tr Co
Northwestern Elev..
Oklahoma City Ry..
Peekskill Light A: RR
Pitts M'K Ac Green..
Portland Rys Co
Rockford A: Interurb
St Joseph (Moj Ry Lt
Heat A: Power Co..
Savannah Electric Co
South Side Elevated.
January
February
January
February
Syracuse Rap Tr Ry.
Tainpa Ehctric Co._
Terre Haute T Ar LCo
Toledo Rys Ac Light.
Toronto Railway
Tri-City Ry Ac Lt Co.
Twin City Rapid Tran
United RR of S F
United Rys of Balt..
United Rys of St L_.
90.424
43,994
76,471
153,744
Wk Mch 23
59,635
December
157,239
3d wk Mch
106,581
December
>1562,200
_.
.
..
116,858
78,750
147,789
123,809
14.005
10,957
.
December
January
February
February
February
.
_.
_
.
_
December
February
January
February
February
January
January
February
13,045
145,329
37,365
.
62,711
45,442
_
..
134.531
.
.
_.
_
.
December
February
764,680
.
December
Wash Alex Ac Mt Ver
Whatcom Co Ry Ac Lt January
..
57,296
123,831
117,001
102,074
710,276
122,945
51 ,262
541,653
242,049
854,136
$
19,350
18,434
367,515
27,958
14,832
43,077
449,320
210,259
9,745
24,913
9,133
147,789
261,188
28,912
23,596
13,879
211.176
182.630
130,145 fcl ,684.157
32,685
78,814
1,822,909
67,981
8.916
131,410
126,792
45,442
277,768
187,549
43,994
76,471
324,428
49,618
276,337
59,831
301,864
144,535
95,179 1,194,069
631,004 hb,955,787
.1 6.579.821
713.664
1,591,017
1,063,291
7,059,003
6,023,698
1,495,452
273.266
251,643
60,214
49,618
133,108
78,766
37,839
59,831
142,811
51,842
18,459
20,528
29,063
23,971
29,063;
164,368
Peekskill Lt Ac Ry
Jan 1 to Feb
10,957
23,596
9,133
19,343
4,173
9,714
3,524
7,890
13,045
4,975
112,632
7,038
89,080
1,684,157
13,879
182,630
130,145
1,822,909
60,584
709,457
49,469
812,411
Rockford Ac Interurban.Feb
Jan 1 to Feb 28
37,365
78,814
32,685
67,981
14,843
29,362
10,854
22,223
St Jos Ry Lt HAcPowCo-Feb
62,711
131,410
60.214
29,104
30,051
126,792
60,101
62,954
14,829
17,755
Co...Feb
28
Pitts McKees Ac G b g.b.Dec
Jan 1 to Dec 31.
Portland Rys
Jail 1 to
Jan
1
211,176
145,329
Dec
Co
Dec 31
Feb
to
28
Savannah Elect Co.a-.-Jan
Schuylkill
45,442
Ry Co.a—
Dec 1
Feb 28
to
43,737
Syracuse Rap Trans Co..Feb
Jan
1
Feb
to
90:424
187.549
28
Tampa Elect Co.a
43,994
Jan
76,471
59.831
26,147
20,681
153,744
324,428
142,811
301,864
64,126
135,771
67,646
143,551
157.239
Tri-City Ry Ac Lt
Dec
1,251,507
April 1 to Dec 31
Twin City Rap Tr Co_b__Jan
456,837
United Rys of St Louis a. Feb
764,680
Jau 1 to Feb 28
1,591,017
Wash Alex Ac Mt V_a.--Dec
18,459
Jau 1 to Dec 31
273,266
Whatcom Co Ry Ac Lt.a.Jan
29,063
144,535
1,091,693
407,865
64,652
498,910
213,740
61.758
399,113
202,346
713,664
1,495,452
20,528
251,643
23,971
216,201
464,668
7,262
125,418
250,623
541,043
10,625
116,623
13,088
7,330
Net earnings here given are after deducting taxes,
a
b Net earnings here given are before deducting taxes.
Includes earnings of Detroit
c
Street Railway Net Earnings.—In the following we show
both the gross and the net earnings to latest dates of all
STREET 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 we bring together all
the roads reporting as is done to-day.
Albany & Hudson.a
Dec
July 1 to Dec 31
Aurora Elgin Ac Chic..__Jan
July 1 to Jan 31
27,125
199,169
88,892
789,700
Feb
20,229
42.308
204,999
Binghamton Ry Co
Jan
1
to
Feb 28
July 1 to Feb 28
Brockton Ac Plymouth.a-Jan
Cape Breton Elect Co.a.Jan
Central Penn Trac
Feb
%
25,241
193,738
Net Earnings■
Previous
Year.
$
5,223
7,755
55,583
50,513
712,451
32,724
369,701
28,989
336,390
19,364
39,835
193,216
6,413
7.483
14,829
94,231
15,478
93.126
80,258
6,195
5,736
361
def58
19,734
19,900
5,891
2,258
8,037
17,398
239,946
23,231
7,377
2,436
6,031
104,069
45,531
95,362
Charleston Consolidated.Feb
Mch 1 to Feb 28
52.478
654,391
50,793
614,963
Chic Ac Milw Elect Co
Jan 1 to Feb 28
Feb
52,777
115,408
36,593
80,036
Clev Painesv Ac Eastern..Jan
18,031
15,858
7,701
15,543
36,293
6,740
Cleveland Ac Southwest-.Feb
Jan 1 to Feb 28
44,707
94,265
39,718
86,285
15,884
35,838
12,737
31,755
Feb
C439.001
C921.962
375,419
789,627
C131.114
C302.373
141,100
305,073
Jan
1
to
Feb 28
—
Detroit United
Jan 1 to Feb 28
49.763
52,370
18,169
242,355
5,108
Detroit Jackson At Chic..Feb
27,053
Jan
54,424
133,818
277,010
25,881
20,702
East St L Ac Suburban..Feb
Jan 1 to Feb 28
59,484
144,638
309,148
63,370
,137,812
62,299
135,022
Jan
37,043
27,346
8,341
7,594
Wayne Ac Wab Valley.Jan
Duluth Street Ry.b
El Paso Elect Co.a
Monroe Ac Toledo Ry. in 1907.
Charges and Surplus.—The following STREET
railways, in addition to their gross and net earnings given
in the foregoing, also report charges for interest, &c., with
the surplus or deficit above or below these charges:
Interest
—Int., Rentals, &c.—
Current
Year.
Albany Ac Hudson
July 1 to Dec 31
Aurora Elgin Ac Chic
July l^to Jan 31
Binghamton Ry Co
Dec
Previous
Year.
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
J
3
1
7,292
43,750
3
5,000
30,000
26,491
183,187
defl ,175
463
223
11,833
20,513
4,539
165,297
6,233
186,514
Jan
4,250
24,450
171,093
7,371
14,747
58,136
1,745
4,395
1,641
2,982
Charleston Consolidated.Feb
Mch 1 to Feb 28
13.402
157,100
12,708
157,041
3,996
82,846
5,461
85,314
7,212
6,678
92,296
184,439
489
62
cx:27.508
0X94,921
X52.719
X128.075
Jan
Feb
8.031
July 1 to Feb 28
Plym St Ry.Jan
16,004
62,290
1,732
Jan
1
Feb 28..
to
Brockton Ac
$
34,417
70,428
17,430
Toledo Rys Ac Lt Co.a...Feb
Jan 1 to Feb 28
23,971
Figures for the month In both years Include operations of the Scranton
Ry., acquired Jan. l 1906.
c These figures are
b Figures are from Feb. 1.
for consolidated company,
f Now In¬
d These are results for main line,
cludes Rapid Ry. Syst., Sandwich Windsor Ac Amherstburg Ry. and Detroit
Monroe & Toledo Short Line Ry.
h These are early preliminary returns:
decrease due to earthquake, fire and strike among employees, Aug. 26 to
Sept. "» 1906.
k Decrease due to Lewis Ac Clark Exposition last year,
n Figures are for all departments.
Reads.
38 [616
82,294
12,841
37,839
a
Current
Year.
1
20,569
78,766
164,368
37,839
Terre Haute Tr Ac Lt.a.-Jan
Roads.
■Gross Eam’gs
Previous
Current
Year.
Year.
49,618
Cape Breton Elect Co
Clev Painesv Ac Eastern..Jan
31,941
34,990
defl ,371
defl ,803
Feb
C108.336
C216.439
Detroit Jackson Ac Chic..Feb
15,012
Jan
Jan
Galveston Electric Co...Jan
17,575
4,468
17,536
3,749
8,306
3,873
4,167
4,167
5,435
3,898
8,173
r
2,796
24,946
3,325
4,841
Detroit United
Jan 1 to Feb 28
Duluth Street Ry
El Paso Electric Co
Honolulu
Rap Tr As L Co. Jan
Jan
Houghton Co St Ry
6,394
3,959
Houston Elect Co.
Jan
7,795
Jackson Consol Tr Co
May 1 to Jan 31
Jacksonville Elect Co
Jan
2,967
26,175
Jan
3,475
Kansas City Ry Ac Light..Jan
147,519
June 1 to Jan 31
1,165,134
def. 9,763
Xdf. 6,008
21,954
43,692 xdf.10,487
36,124
24,700
138,962
243,598
117,189
147,889
39,947
2,748
7.019
79.894
22,275
9,938
118,127
186,353
3,142
10,904
Xl ,012
Mllw Elec Ry
Jan 1 to
Feb
90,466
184,516
86,093
170,309
Mllw Lt Ht Ac Tr Co
Jan 1 to Feb 28
Feb
29,448
Montreal Street Ry
Oct 1 to Feb 28..
Feb
59,639
36,493
162,546
Northern Texas Trac Co.Dec
9,273
118,632
Jan
1
Dec 31
to
Savannah Elect Co
Jan
41,400
82,739
11,687
177
fc44,811
X99.129
29,546
254,198
195,666
200
20,592
6,810
X43.227
X95.607
Dec
New Orleans Ry As Light.Jan
Nor Ohio Tr As Lt Co
Feb
Jan 1 to Feb 28
r
3,845
1,216
X6.113
def2.413
4,767
93,485
789,768
1,844
136,514
Lake Shore Elect Ry
Jan 1 to Dec 31
Feb 28
x5,988
def3,652
9,071
3,166
15,175
7,051
77,065
687,625
11,394
114,830
136,288
1,095,186
20.406
244,850
Ac Lt Co
112
731
de;i,618
X4.347
21,253
259,880
97,208
def2.405
def4,240
11,600
151,047
6,851
Schuylkill Ry Co—
Dec
1
17,125
Feb 28
to
Syracuse Rap Trans Co..Feb
Jan 1 to Feb 28
25,100
49.719
3,444
22,092
43,850
13,770
32,683
12,909
27,620
17,430
91 .178
80,145
36,383
32,414
Jan
960
Nil
11,881
Jan
25,548
19,350
9.008
5,383
Terre Haute Tr A: Lt Co. Jan
14,844
10,417
11,303
10,264'
Tr Ac LCob. Jan
Houghton Co St Ry.a
Jan
28,381
27.958
11,942
10,972
14,832
307
1,485
42,304
84,594
25,342
58,957
Jan
50,093
43,077
16,866
12,940
Illinois Traction Co.a...Feb
Jan 1 to Feb 28
262,363
542,402
212,272
449,320
115,159
229,504
45,207
89,393
32,124
243,138
18,919
15,944
Toledo Rys Ac Light Co..Feb
Jan 1 to Feb 28
206,07 7
Ft
Galveston
Elect Co.a
Honolulu Rap
Houston Elect Co.a
3,167
95,718
'2,973
40,121
10,376
Jackson Consol Tr Co....Jan
May 1 to Jan 31
10,104
116,243
9,745
103,012
46.787
Jacksonville Elect Co. a ..Jan
31,727
24,913
10,285
479,021
3,851 ,642
Lake Shore Elect Ry a.-Dec
70,845
866.970
Jan 1 to Dec 31
427,330
3.471.368
1 ,954,902
213,353
1,782,811
66,56 0
788,268
31,390
390,712
359,680
Kansas City Ry Ac Light.Jan
June 1 to Jan 31
Lexington Ac Interurban.Feb
Jan 1 to Feb 28
Milw Elec
Jan 1
Ry Ac Lt.b-_.Feb
To
Feb 28
Milw Lt Ht Ac Tr Co. b...Feb
Jan ! to Feb 28
Montreal Street Ry
Oct 1 to Feb 28
35.267
30,509
10,587
68,316
23.216
7,447
18,55 2
277,271
582,262
254,512
530,533
127.037
268,950
264,615
48,607
102,074
40,804
23,372
49,015
22,898
85,650
213,416
1,171,015
61,19 3
439,264
57,377
398,842
243,468
1.327,460
541,653
New Orleans RyAc Lt Co b.Jan
Norf Ac Portsm Trac Co. .Jan
147,789
116,858
Northern Ohio Tr Ac Lt.-Feb
Jan 1 to Feb 28
242,049
Oklahoma City Ry Co
Jan 1 to Feb 28
Feb
31.800
75,032
Feb
Northern Texas Tr Co.a.Dec
Jan 1 to Dec 31
241,004
78,750
854.136
1
4,005
28,912
[498,578
47,903
279,735
245,097
55,973
45,254
106,472
221,440
44,148
89,758
75,654
57,296
661 .037
31,548
306,985
18,273
4 .754
10,008
Tri-City Ry Ac Lt
Dec
Apr 1 to Dec 31
Twin City Rap Tran Co..Jan
United Rys of St Louis. .Feb
Jan
1
Feb 28
to
Whatcom Co Ry Ac Lt___Jan
269,174
109,708
231 .991
6,214
46,378
32,528
255,773
98,482
defl5.123
464,046
3,904
92,638
1.803
18,632
76,997
6,874
3,426
allowing for other Income received,
Ac Toledo In 1907.
x
After
Includes earnings of Detroit Monroe
ANNUAL REPORTS.
Annual
is omitted
Reports.—The index to “Annual Reports,” winch
to-day, will be found in Chronicle of last w'eek.
Lake Shore & Michigan Southern Ry.
37,542
21,538
115,258
231,324
462.865
c
128.211
123,831
8.916
Tampa Elect Co
{Report for Fiscal Year ending Dec. 31 1906.)
On pages
753 to 755 inclusive is published the report in
3.151
full, signed by Mr. W. H. Newman, President; also the bal¬
5 ,685
ance
sheet and
comparative tables of traffic, equipment, &c.
Mar
30
The comparative statistics for
the “Chronicle,” are as follows:
OPERATION AND
operated Dec. 31..
Equipment—
Locomotives
Passenger cars
Freight cars
Working cars
Operations—
Pass, carried (No.)
Passenger mileage
Rate per pass, per
Pass, earns, per tr.
1,454
1,454
821
614
739
519
662
498
627
480
35,586
1,468
28,298
26,064
23,848
792
733
2.027 cts.
$1.47
Rev. freight (tons) mov. 33,835,932
Freight (tons) mileage.. 05,621,502
0.521 cts.
Av. rate per ton per mile
Tons of revenue freight
per train mile
Frt earns, per train mile
Earn, per mile of road..
1903.
1904.
1,520
7,195,742
mile.
FISCAL RESULTS.
1,520
4122.413.859
mile.
four years, compiled for
1905.
1906.
Miles
745
THE CHRONICLE
1907.J
624.5
$8.25
$27,538
-
952
6,200,517
6,176,269
6,545,616
369,901,000 348,397,149 347,653,654
2.069 cts.
2.037 cts.
2.035 cts.
4,592,721
$1.5504
26,960.950
a4 ,610,710
0.522 cts.
0.521 cts.
588.3
$3.07
614.8
$1.47
$1.4822
32,314,514
05,099,918
26,846,891
0.520 cts.
619.6
$3.22
$24,983
a
both
and net earnings.
unpaid balance of capital expendi¬
would amount to
loans which
loan of $150,000
would be
be
greater use of our equipment, and Increase
our gross
(In reply to the query, "What Is the
ture?”)
It Is very hard to say exactly.
I should say It
between $300,000 and $400,o00.
(Q. A e thereany temporary
would have to be met out of this Issue?)
There Is one
that we made Just before I left; I should say the total to
met
about $500,000.
It Is Impossible to say exactly.
Semi-Annual Report of
Operating expenses
1906.
$5,072,125
3,500,071
1,052,555
prior charges
2,928,220
+571,851
$1,699,109
—$127,055
1.027,065
+25,490
$519,499 $672,044
—$152,545
63.28%
+5.72%
69.00%
earnings Is more a matter of book-keeping than real,
Net balance
Percentage of expenses
The decrease In
because last year
earnings and
$1,572,054
stock and all
Net earnings
Interest on debenture
dated Feb. 9 1907.
operating expenses for
1905.
Inc. or Dec.
$4,627,330 +$444,795
President A. B. Stlckney
The following Is a statement of the
the six months ending Dec. 31 1906:
Six Months—'
Gross earnings
to earnings
net
there was a necessary
deduction from net earnings of
half-year ending with Dec. 1905
$
$1,494,112, against $1,572,054 In the present half year.
It will be noticed
$
Earnings
7,191,935
7,239,896
the
net
paying
Interest
on
7,675,938
that
balance, after
debenture stock and all prio
8,715,703
Passengers.
24,119,761
24.185.294
26,989,655
charges In the half-year, Is substantially sufficient to pay a full year’s
29,762,197
Freight
3,456,385
3,735,863
dividend on the preferred A stock.
3,935,217
The board of directors have declared
4,066,478
Mall, express, rents, &c.
a dividend of $2 50 per share on the preferred stock A out of the earnings
34,768.081
35,161,053
38,600,810
of the six months ending Dec. 31 1906, payable April 1 1907, and the
Total gross earnings._ 42,544,378
balance, $236,076, has been carried forward as available for the payment
Expenses—
3,359,377
3,281,901
4
,369,542
of the next dividend on the preferred stock A.
5,322,563
Main, of way & struct__
3,486,044
4,340,250
The gross earnings are now limited to the capacity of the Eastern (Chicago)
4,944,965
5,843,734
Main, of equipment
13,118,276
13,482,788
14,292.416
Division, which receives the load of the three other divisions reaching
Conducting transporta’n 15,376.192
472,023
522,107
620,791
709.588
respectively Kansas City, Omaha and St. Paul and Minneapolis: and the
General
960,161
1 ,050,000
1,050,000
expenses are Increased by the reason that the amount of traffic carried
1,438.640
Taxes
upon that division Is more than can be economically transported.
At the
21.395,881
22,677,045
same time a very large Increase of traffic In the Immediate future Is plainly
25,277,715
Expenses and taxes._ 28.690,717
1.788,140
2,776,034
3,360,773
foreseeable.
Minneapolis,
St.
Paul.
Omaha
and
Kansas
City
are
In¬
1,201.877
New equipment
4,527,136
2,781,201
3,743,021
creasing In business and population as rapidly as In 1885 to 1890, during
Construct’n & betterm’ts 4,221,846
which five-year period their population Increased more than 100 %.
Here¬
27,711,157
28.234,280
32,381.509
tofore, the traffic of the local territory has been confined to agriculture,
34.114.440
Total expenses
(79.70)
(80.30)
(83.87)
but the last year or two has developed a manufacturing growth heretofore
(80.18)
P. c. of exp. to earns
7,056,924
6.926,772
6,219,301
entirely unknown.
Thus, Waterloo, which ten years ago had a population
8,429,937
Net earnings
of about 8,000 people, has Increased to over 20,000 people by reason of
manufacturing
developments.
Duiing the last year 1,000 acres of stone,
a Three ciphers omitted.
suitable for making Portland cement, has been discovered at Mason City,
ACCOUNT.
INCOME
and one cement mill with a capacity of 3,500 barrels a day Is now under
1903.
1904.
1905.
construction, which Is Immediately to be Increased to 7,000 barrels per
1906.
$
$
$
day, and two other mills of equal capacity are In contemplation.
The
$
Receipts—
7.056,924
6,926,772
6,219.301
practically Inexhaustible gypsum mines at Fort Dodge are assuming In¬
8,429,937
Net earnings
2.336,870
2,570,970
3,518,663
creased
Importance
through
the
use
of
their
product
In
the
manufacture
of
4,153,505
lnt., dividends, &c
plaster board, a fire proofing material, as well as for plastering, a fertilizer,
9,393,794
9,497,742
etc.
A large beet sugar factory Is building at Waverly, la.
Two large
9,737,964
12,583,442
Total Income
1,104,191
1,068,797
terminal elevators have been built on our tracks In Omaha;
large flour,
1,305,613
1.450,186
Rentals paid
2,028,463
3,781.417
malt §nd linseed oil mills are under contract to be built on our tracks at
3,822,776
4,428,292
Interest on bonds
1,736,760
136,435
88,261
Minneapolis. And the traffic of the smaller Industries always exceeds the
165,002
Interest on bills payable
53.350
53,350
53,350
larger.
53,350
Dlvs. on guar, stock
The Eastern Division must be double-tracked within the next few years
4,922.764
5,040,000
5.270,000
by building short sections where most needed each year.
Besides, more
6,096,830
Total disbursements..
4,471,030
4,457,742
4,467,965
equipment and enlarged facilities at all points must be provided for.
Our
6.486,612
Surplus for dividend
gross earnings have Increased from $5,867,739 In 1899 to $8,573,148 In
Dividends, per cent--.(10)4,946,650 (8)3,957,320(8)3,957,320(7 1^)3,709,988
1906, or over 46%, and the net earnings from $1,720,223 In 1899 to
In 1906, or over 48%.
1,539,962
500,422
Surplus
510,645
761,042 $2,539,492
During the calendar year ending with Dec. 1906 there has been expended
GENERAL BALANCE SHEET DEC. 31.
In necessary Improvements upon the lines, and In the purchase of rolling
stock, approximately $2,000,000, which Is several hundred thousand dollars
1906.
1905.
1904.
1903.
In excess of the amount of cash which had been provided, which excess
$
$
$
•Assets—
5
been provided for by temporary loans.
Considerable work has been
RR., bldgs., equip.,
91.500,000 84,000,000 89,344,309 89,344,309 has
that has not been completed, among which may be mentioned
Real estate
438,661
438,661
438,661
1,259,944 commenced
the building of 25 miles of second track on the Eastern Division, which
Stocks owned
a84 552.511 76,669,353 62,528.662 65,671,007 has been graded, bridges built, and Is now ready for track laying.
<28,194,655
491,235
Bonds owned
1,223,635
291,235
board of directors, therefore, has adopted (substantially) the follow¬
Inv’m’t in leased lines..
1,650,792 1,650,642 ingThe
—Included above—
resolution (which the security holders duly ratified at the meeting on
Materials, fuel, &c4,358,527
3,263,448
2,405,954 2,586,739 March
6.—Ed.):
Cash
664,040
4,951,520 3,739,614
4,938,939
"Whereas, at the extraordinary general meeting held on Jan. 30
Uncollected earns, and
1899, $8,000,000 of 4 % debenture stock was authorized to be
other open accounts._ 21,695,921
5,707,588 3,972,013
16,828,420
Issued, of which only $6,900,000 has been Issued, leaving un¬
$1,100,000
issued
Total assets
215,679,215 183,087,557 167,518,723 168,515,503
and at the extraordinary general meeting held on March 20
Liabllltles*1902
be
$3,437,000 of 4 % debenture stock was authorized to
Capltal stock.
50,000,000 50,000,000 50,000,000 50,000.000
Issued, of which only $2,700,000 has been issued, leaving un¬
Funded debt..'
135.404,000 101.324,000 91,324,000 91,324,000
737,000
issued
Bills payable
3,000,000
1.206,000
2.896,187 3,200,000
and of the amount thus authorized and Issued there has been
Dividends payable
1,978,660 2,005,335
2,967,990
1,978,660
canceled
1,450,000
Accrued Interest. &c...
1,195,242
992,270
611,357
237,945
Audited
pay-rolls and
making a total authorized and not Issued, and If issued, can¬
vouchers
5,537,550
6,079.735
3,348,260 3,830,230
celed
.$3,287,000
Due railroads
1,634,157
889,962
307,747
1,703,956
348,212
Miscellaneous accounts.
435,748
472,192
“And Whereas, the specific purposes for which such $3,287,000 of un¬
Income account
17,298,529 17,118,973 16,888,066 17,262,033 issued and canceled stock was appropriated have been accomplished with
cash obtained from the sale of notes, and therefore said stock Is no longer
Total liabilities
215,679,215 183,087,557 167,518,723 168,515,503 available;
"Now, Therefore. Be It Resolved. That the authorities for Issuing said
n See text of report on subsequent pages.
$3,287,000 of 4 % debenture stock be hereby revoked;
—V. 84. p. 271
"Now, Therefore, Be It Resolved, That an additional $3,873,000 of 4 %
debenture stock, ranking pari passu with the present outstanding 4% de¬
Chicago Great Western Railway.
benture stock should be Issued, the proceeds thereof to be devoted to the
(Report for Half-Year ending Dec. 31 1906.)
payment of the unpaid balance of capital expenditures made In the calendar
year 1906; to the payment of the cost of completing 25 miles of second
At the general meeting held in London on March 6, an track on the Eastern Division between Galena Junction and Stockton: to
issue of $3,873,000 debenture stock was authorized (see the constructing such additional second track on the Fastem Division as the
directors may deem desirable, and for such other capital expenditures as
offering on a subsequent page of this issue), and two new the directors mavdeem desirable.”—V. 84. d. 693. 626.
men were elected to the London finance committee: Sir Ed¬
Washington (D. C.) Railway & Electric Company.
ward P. Tennant, Bart., M. P., who holds and represents
a large interest in the company’s securities, to succeed
(Report for Fiscal Year ending Dec. 31 1906.)
father, the late Sir Charles Tennant; and Walter Cunliffe,
President Allan L. McDermott, under date of Washing¬
a director of the North Eastern Ry., who takes the place of
ton, D. C., March 1, says in substance:
the late Chairman, Howard Gilliat.
The other members
General Results.—The combined properties for 1906 show an Increase In
are
Alexander F. Wallace and Edwin Waterhouse. The gross earnings of $227,333, or 7.82 %; In operating expenses of $134,630, or
9.10%; In net earnings of $92,703, or 6.50%; a decrease In miscellaneous
following information was also furnished by the officers
Income of $5,958, or 11.79%: an Increase In fixed charges of $41,663. or
the company:
4.17 %, and In surplus from the years operations of $45,082, or 9.42%.
While the total operating expenses Increased $134,630. or 9.10%, the cost
Extracts from Remarks of Chairman A. F. Wallace.
of maintenance Increased $64,612. or 20.59%, partly due to the fact that
The gross earnings during the past six months, as compared with those
your properties have been maintained In better condition than heretofore,
but more to the large Increase In the cost of materials.
of the corresponding half of 1905, show an increase exceeding $440,000,
Bonds. Ac.—There are In the treasury consolidated mortgage 4 % bonds
but this has been mainly swallowed up In Increased expenses, because. In
of the par value of $1,078,600.
Of these bonds $351,600 were, under the
addition to a rise In the cost of labor and railway materials, which always
occurs 'n times of great activity, the railway has suffered from the carrying
plan of reorganization, delivered to the company and have been credited to
depreciation reserve: $227,000 were Issued to cover expenses of extensions
capacity of the Chicago division being no longer sufficient for the traffic
and betterments paid for out of surplus earnings and $500,000 were pur¬
offering, with a consequent congestion entailing loss of earning power of
for Investment In open market. [These bonds, listed at $994,67 1
engines and wagons and expenditure In wages bringing In no return.
Your chased
and pref. stock listed at $64.350and common stock listed at $23,400, make
management has long foreseen that this division would have to be doubleup the Item of $1,082,421 shown In the balance sheet below.—Kd.(
tracked sooner or later, and a commencement was made some time ago.
During the past year the funded debt has been Increased by the Issue
It Is proposed to continue the work during the coming season, and It Is
$253,000 consolidated mortgage 4% bonds to provide for new construc¬
hoped that sufficient will have been done before next autumn to materially of
tion,
extensions and Improvements, mainly additional cars and electrical
relieve the congestion.
equipment.
Mr. Oppenhelm, the Vice-President, came over here early In the year to
also been Issued $250,000 consol, mortgage 4 % bouds In lieu
consult with us as to capital expenditures during 1907.
In view of the of There haveamount
a similar
of Metropolitan RR. Co. certificates of Indebtedness,
condition of the security markets, the finance committee expressed to^hlm
"A.” which matured Oct. 1 1906.
the view that such expenditures should be kept as low as possible.
But scries
New
Guaranteed
Bonds,
Ac.—Ou June 23 1906 the directors of the
we have felt that In the best Interests of the property, the directors ought
Potomac Electric Power Co. authorized a new mortgage for $7,000,000,
to be provided with such funds as are necessary to enable the company to
Accordingly, we have approved a pursuant to resolutions of the stockholders. The bonds under this mort¬
handle the business which Is offering.
gage are guaranteed as to principal and interest by the Washington Railway
resolution of the directors calling for the Issue of 4 % debenture stock ($3.& Electric Co.
They are to Be applied as follows:
(1) $1,700,000 are
873,000).
retained to pay the bonds Issued under the mortgage of 1904; (2> $630,000
Statement by Vice President Oppenhelm..
are retained to pay $300,000 debenture Improvement bonds and $330,000
At no time since last July has the company-been able to fill orders for
certificates of Indebtedness due May 1 1907’ (3) $4,650,000 may be Issued
cars, either at local or terminal points.
Our average shortage has been for the purchase of real estate, betterment and extensions. (Compare
from 800 to 1,500 ears per day.
The double tracking of the Chicago division
V*. 84. p. 142, 342; V. S3, p. 100.)
will In a great measure relieve this congestion, reduce expenses, give us
$23,815
$
$3.2162
$24:307
$204,998, which left
$
—
-
.
-
..
his
of
er
the actual net for the
Twelve and a half acres of land on Bennings Road were purchased and a
central power station was there erected and equipped.
The power
station is now In operation and necessary sub-stations, cables, conduits,
new
Of these bonds, there were Issued during the
None of the controlled companies has anv lloatlng
&c., have been Installed.
year 1906 $1,000,000.
debt except such as Is
owned by the Washington Railway & Electric Co.
INCOME ACCOUNT FOR CALENDAR
1906.
YEARS.
1905.
1904.
1903.
earnings
Operating expenses
$3,133,241
$2,905,907
$2,644 360
$2,462,295
1,613,097
1,478,466
1,355,823
1,328,052
Net earnings
Miscellaneous Income
$1,520,144
44,595
$1,427,441
50,553
$1,288,538
49,024
$1,134,243
32,906
Total..
Deduct—
Taxes
Interest
$1,564,739
$1,477,994
$1,337,562
$1,167,149
$157,682
883,436
$149,157
850,298
$148,377
832,662
$146,033
799,237
Total
$1,041,118
$999,455
$981,039
$945,270
Surplus
523,621
(51.49)
a425,000
50,000
$478,539
(50.86)
«425,000
50,000
$356,523
(51.29)
1/212,500
$221,879
(53.95)
$3,539
$144,023
Gross
P. c. of op. exp. to earns.
Dividend on pref. stock.
Depreciation reserve
Discount
on
(?)
35,102
bonds
$13,519
Surplus
'a
1906.
$
Assets—
Cost of property..27,743,475
Company's stock
and consol. 4s_.
Investments in real
estate & sundry
1,082,421
securities
Material & supplies
Accounts received
25,422
...
*
subsidiary cos..
107,558
22,745
Prepaid insurance.
5,192
Cash
1905.
$
1905.
$
$
63,508
65,201
82,613
84,686
26,972
27,299
renewals.
80,530
737,961
ages &
Total
.29,421,641 29,085,3821
0,500,000
12,913,440 12,047.100
516,290
466,290
41.8161Profit & loss—sur.
6,365!
283,9591
60,671,
8,500,000
8,500,000
6,500,000
|Deperciationres’ve
j Accounts payable.
27,279(Accrued interest..
63,513 (Accrued taxes
(Reserve for dam-
70,691
724,442
29,421,641 29,085,382
See text above.—V. 84, p. 627, 340.
Chicago City Railway.
{Report for Fiscal Year ending Dec. 31 1906.)
President T. E. Mitten. Chicago, Feb. 16 1907, writes:
Earnings.—The gross earnings for the year increased $549,046, or 7.5%.
The statistics show that 60.59 % of passengers paying fare took advantage
of transfers, as against 60.42 % for the preceding year; the average fare being
the same as last year, namely, 3.1 cts. per passenger carried.
The total
expenses were Increased $503,698, or 8.93 %.
This Increase was due largely
to the Increased volume of business, to which must be added the heavy
track-repair account and the increased Interest charges on borrowed money,
to the large sums being expended for new cars and construction of
power plants and other buildings.
The net income Increased $45,349, or
2.7 %, and the surplus for the year was $104,822 21, an increase of $45,349.
Improvements.—The 200 cars purchased during 1905 having proved satlslaetory, 100 additional cars of the same type were purchased and placed in
due
service.
The use of cable lines and horse cars has been discontinued, and all our
lines are now operated electrically.
In order to meet the demand for In¬
creased power
occasioned by operating the entire system electrically,
marked additions have been made to the sub-station power plants.
The
buildings have been enlarged and additional machinery Installed, the rated
capacity of the generating plants and sub-stations'combined being now
approximately 35,000 horse-power, an Increase of 10,000 horse-power.
A new paint shop with a capacity of 150 cars has been completed at 77th.
St., adjacent to the general repair shops.
A modern office building for use
as divisional headquarters has also been completed at the same iocatlon.
Two new car stations of large capacity are In course of erection.
Portions
of the track on 26th St., 31st St., 43d St., 47th St., 51st St., 63d St., Ash¬
land Ave., Halsted St. and Centre Ave. have been re constructed.
The eliminating of grade crossings still continues.
This Is occasioned by
compelling railroads in certain sections to elevate their
city ordinance
tracks, and cross our tracks by means of overhead bridges.
The expense
the company during the year as a result of this track elevation approxi¬
mated $100,000; this expenditure will be reflected later in decreased operat¬
ing expenses, as faster schedules can be maintained, and the
of
to
abolition
grade-crossing accidents will result.
Material Improvements In the fire risk at the several power houses and
other buildings have been elTected which has considerably decreased the
possibility of loss by fire.
These changes have also served materially to
decrease the rate of insurance for the current year.
INCOME ACCO UNT AND OPERATING STATISTICS.
Statistics—
1906.
Fare passengers
156,177,363
No. transfer passengers- 94,623,106
Per cent of fare pass
60.59
Cable cars
(37.1%)
Electric cars
(62.5%)
(.40%)
Horse cars
Cable track (miles)
Electric track (miles).-.
242.56
1905.
(45.68%)
(53.90%)
(.42%)
34.75
1S4.39
59,478
6,381,246
7,871,126
7,322,080
6,668,979
6,435,565
f
908,309
-896,355
i/5,642,607(
2,751,781
2,625 700
6.146,304
5,642,607
4,802,120
4,648,341
78.08
1,724,822
77.06
1,679,473
72.01
72.23
1,866,859
1,787,224
Transportation
|.r6,146,304
J
(
x
-
34.75
81,409
1
Dividends (9%)
183.96
$
$
Operating Expenses—
-Depreciation
184.20
(.23%)
6,609,501
Maintenance
Total
Per cent oper. to gross..
Net earnings
Deduct—
(35.10*%)
(64.67%)
7.240,671
97,680
General
(31.56%)
(68.26%)
(.18%)
34.75
7,773,446
Other
Gross
1903.
145,500,483 132.852,717 128,304,445
87,911,785 77,732,749
66,883,346
60.42
58.51
a
52.13
$
Earnings—
Passenger
1904.
y
1,620,000
104,822
Surplus for year
1,142,030
120,000
been made during the year on capital
Large expenditures, however, have
construction shops, car barns, additional power¬
house equipment, &c., the details of which will be found In the report of
the General Manager.
The stage lines continue to do a very satisfactory business.
Gerald L. Hoyt resigned his seat on the Board of Directors, and his place
avas taken by E. P. Bryan, President of the Interborough Rapid Transit
Co. of New York.
account for new cars, car
General Manager
G. F. Greenwood writes in part:
The company has made the following additions to the' property:
Fin¬
ished double-tracking the Insular Ry. from Havana to Marianao.
Built
and equipped 40 cars and partly built 36 additional cars, and purchased
material to construct 30 more cars.
Built a large extension to the car
shops at Carmelo; constructed a new storage and terminal yard at the
PuntUla In Carmelo, Including all necessary tracks, switches, sheds and
offices, as well as a wharf for receiving lumber and other supplies at the
mouth of the Almendares River.
Four new boilers have been Installed
n the power-house; the Palatino extension has" been paved with block stone;
a new electric crane has been purchased and Installed for handling coal In the
coal storage yard at the Puntilla; several new tools have been purchased lor
the repair shops: 40 box freight cars and 5 locomotives have been purchased
and built ready to run and fulllll your contract with the Cuban & PanAmerican Express Co.
The above construction and equipment has cost
approximately $800,000.
Registered fares. No
1,082,421 iFunded debt
361,854
Total.
a
It is hoped this matter will be favorably resolved wlthiax
RECEIPTS AND EXPENSES.
1906.
1904.
1905.
$
$
$
1900.
|
|
Liabilities—
27,519.35SiPreferred stock
|Common stock
72,974
Accts. rec., misc..
a
been granted.
short time.
LXXXIV
a
b2y>%.
5%.
BALANCE SHEET DEC. 31.
a
[VOL.
THE CHRONICLE
7 Hi
54.319
1,126.286
100,000
1,620,000
1,620,000
1,620.000
59,473
126,859
67,224
...
Total passengers carried
Transfers issued
Transfers received
Total mileage
Receipts—
Traffic, incl. stage lines.
Other receipts
Total
Expc uses—
Operating expenses
Taxes and rents
Interest
Preferred dividend
1903.
$
23,990,764
25,757,534
28,260,912
30,125,569
24,687,644
25,905,196
6,709,725
$
1,621,209
40,863
6,881,487
$
1,504,837
38,033
6,246,128
$
1,247,486
23,139
'
5,901,920
$
1,080,319'
22,779.
1,662,072
1,542,870
1,270,625
1,103,098
940,230
757,074
709,408
641,§32
1,133,016
1,054,272
137,609
48,826
30,701,099'
32,536,680
4,425,332
3,742,998
4,056,418
3,533,383
18,979
395,897
20.257
398,314
(4%)200,000
Total
1,558,801
Surplus
103,271
3,278,764
2,821,675
2,149,963
1,952,472
15,938
396,502
15.338
408,270
1.171,950'
379,920
Note.—To the surplus for the year 1906, $103,271, add the profit and loss
surplus as of Dec. 31 1905, $509,074, and deduct the extraordinary Items
of “suspense account $70,887” and “repayment of coupons surrendered
in 1899 as per agreement. $100,000,” and we have the profit and loss surplus
Dec. 31 1906 as per balance sheet $441,458.
BALANCE SHEET DEC. 31.
1906.
1905.
1906.
1905.
i
8
8
.4 suets—
$
|
Liabilities—
S
7.500,000
7,500.000
20.502,940 20.102.101 Common stock
Properties
5.000,000.
225,000: Preferred stock... 5.000,000
225,000
Stage lines
8.311.561
8.031.037
Insular Ry. Co
280.646
230.982 Funded debt
171,958
166,835
33,264
Cash
359.5451 Accrued interest.
250.000
Accts. receivable-.
75,086
4.3051 Bills payable
5.215
0.422
Materials on hand
174.632, Outstand. coupons
569.690
10.101
18,400
Fuel on hand
3,541 i Employees’ dep ts.
15,567
189.055
15,171
Insurance prepaid
17.267
11.054 i Accounts & wages.
2 .()•>.',
50,000
Taxes
1,820 Pref. div. No. 4
509.0 74
441.459
12,700
2,300; Profit & loss acet.
Deposits as secur.
168.630
86.113!
Treasury bonds. _.
36.040
36,040!
Treasury stock
.
-
-
,
Total
—V. 84. p.
21.938,855 21.237.433
693.
•
Total
21.938.855 21 .237.433
570
(Bell) Telephone & Telegraph Co.
(Report for Fiscal Year ending Dec. 31 1906.)
American
President Frederick P. Fish March 26 1907 writes in sub¬
as follows.
(The reports of the several subsidiary
stance
companies will be given in a later issue of tire “Chron¬
icle.”—Ed.)
Increase in Business.—The number of exchange stations Dec. 31 1906.
operated by the companies which constitute our system in the United
States was 2,727,289, an Increase of 485,922.
In addition to this number
there were 297,220 exchange and toll stations operated by so-called sub¬
licensees.
Adding also private lines, our companies had a total of 3,068,833
stations, as against 2,528,715 stations Dec. 31 1905.
The total mileage
of wire In use for exchange and toll service was 7,468,905 miles, of which
These figures do not include the
1,688,987 were added during the year.
mileage of wire operated by sub-licensees.
Including the long-distance lines, but excluding sub licensees, the dally
avevtge of toll connections was about 462,000, and of exchange connections
about 16,478,000, as against 368.000 and 13,543,000 respectively In 1905.
Construction.—The amount added to construction and real estate by all
the companies, excluding sub-licensees, constituting our system In the
United States during the year 1906, was $79,366,949 viz.;
For exchanges,
$59,971,094; for toll lines, $13,585,659; for land and buildings, $5,810,196.
The amount added In 1904 was $33,436,700 and In 1905 $50,780,906.
making the grand total of expenditure upon these properties during the
last seven years $298,914,255.
During 1906 the amount expended for maintenance and reconstruction,
Independent of construction, by all the Bell telephone companies In the
United States was $32,814,568.
This‘amount came from the earnings,
and was charged Into the expenses of the year.
As a result the plant is In
a better condition than ever before.
That plant could not be reproduced
for less than $70,000,000 In excess of its cost.
The scrap value of the lead
and copper in the lines and cables alone Is not less, at present prices, than
$80,000,000.
The amount contributed by the American Telephone & Telegraph Co.
In 1906 by way of Investment in its own long-distance plant ($5,642,000).
in telephones ($1,737,000), In real estate ($330,000) and In the purchase
of stock and bonds and in loans to Its operating companies ($53,432,000),
was in all $61,141,000, an addition of almost 26% to its entire investment
up to Jan. 1 1906.
Position icith Respect to Independent Companies.—This greatly Increased
investment was made with the view of lifting the entire business to a dis¬
tinctly higher plane specifically and as compared with Its competitors.
Your directors believe that because of It the position and business of the
Bell companies were never so secure as at the present time.
While there
still remains much to be done, particularly in some places, the improvement,
generally speaking, has been marked and constant.
The effort has been made to design buildings and provide central-office
and
toll-line
equipment that will not
be exhausted in a short
In operating expenses,
y
time.
At the present time not less than $25,000,000 are Invested in cir¬
V. 84, p.338.
cuits in cable that are not yet In use, and pole and conduit facilities are now
Installed which will take care of a very large number of cables over and
Havana Electric Railway Co.
above those that now exist.
Large expenditures will be required In the
future, as In the past, to enable our companies to do the business that is
(Report for Fiscal Year ending Dec. «31 1006.)
forced upon them, and it Is the opinion of your directors that the additions
President Edwin Hanson, under date of New York,. will not only result in a proper return, but will create an adequate revenue
from the portion of the plant that has not yet been utilized.
Feb. 26. says in substance:
As for many years past, there are certain portions of the country In
which the return from the business is not satisfactory.
These are for the
The gros; earnings of the railway system for the year show an increase
most
over 1905 of some $105,000, or a little over 7 %, but the operating expenses
part localities in which our companies had not been able to cover the
field
Increased by some $184,000.
rapidly enough to supply the demand.
Except In some of the com¬
The stage lilies for 1906 did somewhat better
than for 1905, but the result of the whole operations. Including interest on
paratively few places In which new promotion schemes are being exploited,
our competitors are as anxious to raise their rates as they formerly were
the Increased funded debt, has been a decrease in the net earnings of some
We have now developed our plant and business
$68,000.
During the year there was a strike of the motormen and con-, to do business at a loss.
in most of these localities to such an extent as to have the situation In hand.
ductors. trouble caused by the revolution, and these, added to great diffi¬
The
so-called
independent telephone companies have, as far as can be
culties encountered regarding the coal supply and the Increased cost of
learned, except in a few localities, made no relative gain.
Comparatively
labor and materials, account for the greatly increased cost of operation.
few competing plants have been established during the past two years.
Under all the adverse circumstances encountered the directors think the
A number of franchises have been granted in various cities, but during
result may be regarded as satisfactory.
1906 and up to the present Time substantially no work has been done under
Permits for large extensions (about 24 miles) to the company’s lines have
been applied for, but up to the present time official sanction to these has not
any of the franchises in the more important places.
a
Includes taxes
and
Depreciation and Interest Included
Depreciation included In operating expenses.—
car
license,
x
747
CHRONICLE
THE
1907.!
Mae. 30
approximately 3,500,000,000 feet of timber,
to be worth from $1 to $4 per thousand
there has been expended, together with
$2,000,000
and $2,500,000 In the erection
not less than
manufacture of lumber, sash, doors, blinds,
In San Francisco has been rebuilt, and the service restored to a surprising
match blocks, cases, flooring, moulding, &c., &c., also In logging roads, loco¬
extent.
motives. &c\, your management considers that this purchase is justified
Bonds and Notes.—-As stated In the last annual report, convertible 4%
not only by the large prospective profit, but by its elfect In prolonging the
bonds to the amount of $100,000,000 were sold in Feb. 1006; $30,000,000
usefulness
of the plant.
It is presumed that, with very little addition to
Construction work proceeded our
were taken and paid for during that year.
present facilities, 100,000,000 feet of lumber can be manufactured
rapidly that It became necessary for the company to obtain money on
short-time notes in anticipation of the payments on the bonds.
On Jan. 1 annually, and with the growth of timber, it seems, there should be almost
forest of good timber from which to draw. Adjacent also
1907 Its short-time obligations amounted to about $21,000,000.
It also is perpetual
a Government forest reserve of vast extent, from which, from time to
became evident that if the great commercial development was to continue,
time, the ripe timber may be sold, the price at present being fixed at $3 50
the proceeds from the bonds would not be sufficient to meet the necessary
per 1,000 feet.
Within the past thirty days the Government has with¬
expenditures to the end of the year 1907, as had been expected.
drawn from the market for settlement 17,000,000 acres of forest lands
In January 1907, therefore, the company sold three-year- 5% notes to
which
are
to
be
held
as forest reserve. A large proportion of these lands
the amount of $25,000,000.
From the proceeds of the securities sold
are on the western'slope and in the Western States, which will have the
the floating debt will be paid when due. and on May 1 1907 the $20,000,000
effect of enhancing the value of our present holdings, as well as the value
3-year 5% notes due that day will be paid.
of our option.
Revenue of Entire System.—The-gross revenue for the year 1906 of all
Payment of Floatim Debt—Financial Plan.—Last year the company
the Bell companies iu the United States, taken as a whole and excluding
upon you for $1,000,000 to relieve itself of a large floating debt and
duplications, was over $114,000,000.
In spite of the abnormal llnanclal called
to
provide for building new factories and enlarging its business. The
conditions, which involved unusual Interest charges, the very great in¬
balance sheet shows that we have paid off all our note Indebtedness and that
vestment in construction, much of which did not become revenue producing
we have at present a large cash balance.
It is quite evident that the
Muring the year, and the high cost of labor and material, the net returns
earnings for 1907 will largely exceed those of 1906, but your directors feel
from the business as a whole were not reduced, although there was not the
would
prefer
incur
indebtedness
if the purchase above
that they
to
no
increase which would have been made if the conditions had been more
nearly normal.
All things considered, the llnanclal results were satis¬ referred to is made; and should the reports of our experts warrant us in
recommending the purchase, a plan for financing the proposition will be
factory. r Your directors believe that for the year 1907 the linancial results
submitted at the annual meeting on May 1.
It does not follow that even
of the business of your companies will be substantially better than in the
if the purchase be made it will be necessary to call on you for any money,
year 1906.
but if any be asked for, we believe you will lie eager to take advantage of
The gross revenue of the companies above given does not Include the
the opportunity offered of investing In a property that seems destined to
Bell Telephone Co. of Canada (V. 84, p. 695), nor does it take into account
great value.
The business of develop
the revenue of the Western Electric Co. (V. 84, p. 512).
It has been suggested that the lumber business, having become so large
that company for the year 1906 was the largest in its history.
and Important a business in itself, Ik- segregated from the Diamond Match
STATISTICS OF THE COMPANY AND ITS LICENSEES
31
Whatever method
DEC:
Co. and a new company organized for that purpose.
1903.
1904.
1905.
1906.
may be recommended, we feel very certain that, when the prospectus is
3,779,517
4,480,564
5,698.258
7,107,836
presented to you, it will receive your hearty support.
3,740
“lust’s” under rental4,080
.4,532
4,889
We feel that in no previous year in the history of the company has the
1,358.140
Exchanges in U. S.
1,654,379
2,159.567
management been more successful in the conduct of its business.
1 .618,691
Miles wire on poles & bhl gs 2,754,571
1,888,760
2,345 742
3,241 ,471
6,358
Miles wire underground6,671
INCOME ACCOUNT FOR CALENDAR YEARS.
9.373
11,690
Miles wire submarine
1903.
1906.
1905.
1904.
2,983,189
3,549,810
4,514,682
6,007,732
Profits
$1,993,770
$1,772,280
$1,653,369
$1,824,089
1
Total miles wire
,525,167
1,799,633
2,241.367
2,727.289
Dividends (10 %)
1,550,000
1,500,000 1,500,000
1,500,000
9,876,402
No. of exchange stations
11,149,063
13,543.468
16.478,058
No. daily connections.$272,280
Surplus
$443,770
$153,369 $324,089
one receiver and
one
instruments,
1,000,000
1,000,000 2,194,593
Previous surplus
£888,147
Each telephone requires two “
transmitter.
Total {Surplus
$1,331,917 $1,272,280 $1,153,369 $2,518,682
(Parent Company).
RESULTS FOR CALENDAR YEARS
... .
272,280
Depreciation
153.369 1,518.682
1903.
1904.
1905.
1906.
$
S
$
$
Balance
$1,000,000
$1,000,000
$1,331,917
$1,000,000
Earnings—
$7,802,834
$8,400,301
in April 1006.—If It had not been for the
the Pacific States Company would have gained
30,000 subscribers more than It did gain. The telephone plant
San Francisco Catastrophe
'San Francisco catastrophe,
180,000 acres, containing
which your management believes
feet at the present moment.
As
the Bryant & May Co., between
of a very complete plant for the
so
a
x
”
x
$8,897,880
3,896.151
6,529,557
$10,281,438
Dividends
4 ,518,991
Rental of Instruments..
Telephone
7,522,082
traffic
Real estate
{nterest
2,306.859
2,136,291
1
Administration
Legal expenses
Interest and taxes
Telephone traffic
5,288,414
4,636,944
93,126
3,578,682
3,786.525
...
Surplus
Total
83,530
1
2,670,084
3,413,850
$2,775,703
$1,773,737
1,001,966
$3,167,683
$1 .743,295
1,424,388
$1,476,585
$586,149
890,435
$2,775,703
$3,167,683
$1,476,584
* The
dividend rate was
beginning Oct. 1906.
changed to 2"o quarterly,
BALANCE SHEET
Assets—
95,565
.993,680
2,929.425
(7?.i%)
.1
Carried to reserves
Carried to surplus
Construction,
Telephones
Real estate,
$962,298
$1,103,493
equipment & supp.
Stocks and bonds..
Patent account
Machinery and tools
Cash and deposits
Bills and accounts receivable
American Bell Telephone Co
Old Colony Trust Co., trustee
DEC. 31.
1906.
$40,336,776
10.244,817
2,908,099
182,357,238
261,384
42,299
3,018,025
67,521,5)77
22,110,400
25,000,000
$353,801,015
Total..
Liabilities—
l/$ 158,661,800
8,027,455
Surplus
Convertible bonds dated 1906
30,000,000
Collateral trust bonds
—
53,000,000
Collateral trust bonds as collateral
25,000,000
Notes, 5 %, due May 1 1907
20,000,000
9,108,139
Reserves
Notes and accounts payable.
31,358,411
...
Contingent
18,645,210
Capital stock.
8%
$1,945,514
$1,945,514
$728,140
1,217,374
per
annum,
raw
$17,975,341
Liabilities—
Accounts
payable.-.:..
Bills
payable...
an
your
the
and
your
1.331,916
Surplus and profits
$34,694,764
8,507,145
2,577.870
161,554,277
243,384
5)6,169
4,841,993
36,676,200
22,110,400
25,000,000
219,834
48,127
460,000
1,000,000
905,000
1,000,000
22,110,400
25,000,000
(Statement for
$16,865,333 $16,999,118
Fiscal Year ending Dec. Ill 1900.)
the printed sheets upon
Total net income
Less 5 % dividends on common and preferred stock. _
25,000,000
20,000,000
9,208,835
£9,760,869
18,645,210
$353,801,015 $296,302,202
$273,819,673
Surplus
...
$401,547
$270,474
3,155,447
2,928,390
liabilities
S
Plant investment.
861,634
Treasury stock
1,750,575
St-ks. «fe bds. owned 2,886,980
Patents, agreem’ts
and franchises. .13,661,626
54 ,S93
184.424
1,220,137
receivable..
receivable..
342,111
Mortgages
Cash
accts.,
materials,
TEMEN T
1904.
1905.
1903.
342,111
199,81 3
115,176
$357,495
1,500.8 20
240,529
1,262,828
882,894
932,521
707,829
$184,424
$106,779
1,220,137
1,566,805
166,081
$410,814
1
,078,444
79,672
66,069
107,011
$2,699,662
$2,843,419 $2,690,221 $2,457,283
CONDENSED
Accts.
Notes
2,283,477
$2,806,673
$3,009,500 $2,756,290 $2,536,955
payable, not due, etc.
Assets—
812,435
$689,157
$246,923
FIN A NCI A L ST A
1906.
Total
Current Liabilities—
Assets over
812,435
3,507,529
Cash
:
Accounts receivable
Notes receivable.
Inventory accounts—raw ma
terials, stock In
process
and finished product
Accts.
812,440
$2,972,634
$3,754,452 $3,556,994 $3,198,864
Undivided surplus
Current Assets —
1903.
$1 ,501,592
,059,373 $1,213,987 $1,082,909
812.450
Previous surplus
1906.
1006.)
$1
1904
1905.
1906.
$158,661,800 $158,661,800
5,601,100
7,025,488
28,000,000
25,000,000
20,000,000
8,726,615
9,184,948
18,645,210
Co.
INCOME. ETC.
$296,302,202 $273,819,673
48.000,000
350,000
1,000,000
President Herbert Lloyd signs
which the following is furnished:
12,192,673
35,140,048
$16,999,118
341.
■;/ Less reserve.
$30,889,710
7,301,689
2.232.944
138,684.248
1,598,812
150,823
4 44,425
$15,000,000
$15,000,000
649,118
405,333
$17,975,341 $17,303,207
Total
—V. 84, p.
1907, says in
those of any year
accomplished
but without any in¬
in the selling price of matches.
The profits during the first three
months of the year are usually less than during any other like period, but
notwithstanding this fact the first three months of 1907 promise to show
earnings than those of any previous quarter, indicating a rapidly
Increasing trade and a most promising outlook for the future.
California Property.—Edwin A. Potter, Granger Farwcll and the writer
just returned from California, where they carefully Inspected the
company’s property with very satisfactory results. Up to April 1906 there
loss, incident to the establishment of the new business, but this loss
been wiped out by the profits.
The trade iu lumber, sash, doors,
&c.. in California, in which Bryant & May are jointly Interested
has rapidly increased during the past year, and the earnings at
branch are now about $30,000 per month, with the prospect of a still
greater profit for the balance of the year.
Option on Additional Timber Land.—Several months ago the company
secured
option of purchase on 93,000 acres of timber land, estimated to
contain 1,600,000,000 feet, adjacent to our present holdings.
If, after
examination to be completed by April 15, the figures are fully verified,
board of directors will probably recommend purchase. The price for
lands, mills and a given quantity of manufactured lumber Is $1,500,000,
the terms of payment are exceedingly liberal.
The importance of this
purchase to your company and Bryant & May, Ltd., is fully realized by
board of directors. It would make our total holding something like
blinds.
with us,
that
266,971
342,994
$17,303,207 $16,865,333
80,000
Reserve
2.840,915
2,190.489
1,185.738
97,969
2,431,797
1.426,114
184,605
$16,000,000 $15,000,000
563,425
398.207
Capitalstock
1904.
1903.
$12,387,747 $11,387,434
576,709
660,396.
Electric Storage Battery
substance:
General Results.—The year shows earnings greater than
This result has been
since 1901, the profits being $1.993,770.
against heavy advances in raw materials and labor,
has since
91,385
753,288
1904.
1905.
{Report for Fiscal Year ending Dec. 31
President O. C. Barber, Chicago, March 23
was a
2/1,330,767
Total
Diamond Match Company.
have
1,624,899
material
627.
larger
&
$13,776,240 $12,330,570
398,763
663,150
Accounts receivable
Bills receivable
Cash
shown shares to the amount of $27,110,400
Indebtedness and for the benefit of the
dividends have not been paid; amount held
dividends; $131,551,400.
dividend Jan. 15 1906.—V. 84, p. 694,
crease
DEC. 31.
1905.
1906.
Real estate, &C
Matches
Lumber, merchandise
Of the capital stock as here
are held as a reserve for certain
treasury, and on this stock
by public and receiving
c Including in 1905 $2,959,907 for
V
adjusted.
Assets—
—
Total
As
BALANCE SHEET
73,332
734,220
76,782
1,055,522
$5,980,967
$7,270,957
$8,678,793
$11 .555,161
$13,034,038 $11,275,702 $10,564,665
i $12,970,937
8,619,151
9,799.117
9.866,355
10,195,234
(7 14%)
(7
%)
(7 M%)
Total
.
i
j
Net revenue
Dividends.
Dividend rate*
$1,629,803/ $1,220,460
x
4,888,158
5,575,448
$16,545,632
$24,526,098 $21,712,831 $18,546,659
Total
Expenses—
-
82.384
67,296
3,047,088
3,438,606
BALANCE SHEET
1905.
I
DEC. 31.
1906.
$
Liabilities—
1905.
S
246 700
17.753,300
13,068
66
069
16,813 3.556,994
3,754,451
214.200
806,203 iPreferred stock
1,750,575 'Common stock
17.785,800
2,882,855! Accounts payable. 149,268
jSundry liabilities.
51,500 i Reserved for depre106,779 j elation, bad debts
11566,8051 & unfinished con-
13.625,920 jSurplus
199,813) tracts.
304,677
237.212
Inventory
raw
1,262,829
stock, &c
882.S94
22,225,209 21,873,343
Total
-V. 84, p.
,
22,225.209 21.873,343
Total
69G.
National Fire Proofing
Co.
Fiscal Year ending Dec. 31 1900.)
Henry, Pittsburgh, March 0 1907 says:
Earnings and Status.—The earnings for the year, before deducting de¬
preciation for plants and equipment and reserve for adjustments and allow¬
ances, were $943,180 (contrasting with $472,053 In 1905 and $636,939 in
1904.—Ed.)
The current assets over and above current liabilities on
Dec. 31 1906 were $3,010,484; of this sum $1,251,140 represented cash on
hand and in banks.
The total undivided surplus, after making deduc¬
tions for dividends, discount and commission on bonds Issued, and for
arbitrary depreciation of properties was $1,028.612.
(.Report for
President W. D.
Improvements.—During the year the sum of $102,503 was spent In Im¬
proving several of the plants and arranging for a more economical produc¬
tion.
The physical condition of the plant; has been fully maintained out
of operating expenses.
Miscellaneous.—The cost of manufacture per ton has been decreased.
During the year branch offices were established In St. Louis, Cincinnati
and Los Angeles.
The
very
fireproofing business In the London Department has begun to show
gratifying results.
Work Is now progressing on a building In which
the fireproofing contract was one of the largest ever awarded In England.
Systems of Fireproofino■—Your company has several very excellent sys¬
tems of combination hollow tile and reinforced concrete, and during the
Reinforced concrete Is enlarging
year has done a large amount of this work.
the uses of hollow porous terra cotta tile; for, If the buildings are properly
constructed, the structural parts must be protected from the action of fire,
and porous terra cotta tile Is the best known material available for this
purpose.
The cost of reinforced concrete buildings properly constructed
and protected from fire Is In excess of the systems of standard hollow tile
steel frame construction, and the time consumed In the proper erection of
a reinforced concrete building Is very much greater.
RESULTS FOR CALENDAR
YEARS.
1906.
Net
earnings, all sources
$943,180
a237,015
$100,000
48,353
Dividends
Depreciation
Adjustments and allowances
Net loss reinforced concrete venture.
1905.
$472,053
&417.540
$636,939
M17.593
$100,000
$100,000
1904.
sr.$557,812 def.$203,592 sur.$119,346
3%.
In 1904 an additional dividend of $139,197, making
b5}4%.
7 % paid during that year, was charged out of previous surplus.
The total surplus Dec. 31 1905 was $1,487,618; adding surplus $557,818
for the year 1906 and deducting $816,672 for depreciation of plants and
equipment, &c., to Jan. 1 1906 and $200,000 for discount and commission
on bond issue, leaves a total surplus on Dec. 31 1906, as per balance sheet,
of $1,028,612.
BALANCE SHEET DEC. 31.
1906.
1905.
$
$
A sscts—
Plants, real estate, properties,
1904.
$
&c.,
13,185,982
Stocks and bonds owned
Accounts receivable
Bills receivable
Cash
.1
81,622
231,528
883,545
15,823,476
-
Mortgages
Preferred dividend accrued
Bond Interest accruedAccounts payable
Bills payable
Re.s’ve for rcplacem’ts, adjustm’ts.&c.
Reserve for depredation
Surplus
Total
\
15,972,303‘l6.412,618
Preferred stock
Common stock..
,
115,028
1,126,362
90,731
381 .286
924,085
665,9ip
Total assets
?
93,001
J1,862,237
1,251,140
Supplies and Inventories
7 111 hi 11 f i
88,329
1,486,993
J
liabilities
7,900,500
4,461,300
2,000,000
158,010
25,000
7,951,450
4,484,500
7,953,150
4,487,350
248,881
50,000
100,000
1,028,612
766,346
1,528,000
194,849
293,701
1,110,000
167.041
1,487,472
1/1,691,065
15,972,303
16,412,618
15.823,476
121
...
,169
‘
$500,000 of this decrease from previous year Is due to an“ arbitrary
allowance for depredation of plants to date credited to Cost of Properties.”
—V. 84, p.697.
y
Union Natural Gas Corporation, Pittsburgh,Pa.
{Report jor Fiscal Year ending Dec. 31 1906.)
President T. N. Barnsdall Feb. 12 1907 writes:
Since the last annual report your company, through its underlying com¬
panies, has acquired 73,360 acres of new oil and gas leases and surrendered
34,408 acres that have proven unproductive, and now holds 281,962 acres,
an Increase during the year of 37.566 acres.
We have also purchased 4 gas
wells and drilled 84 wells, of which 78 were gas wells, 1 oil well and 5 un¬
productive: and now have a total of 4 oil wells In Ohio, 407 gas wells±ln
Ohio and Pennsylvania, and.through ownership of stock In the Reserve
Qas Co., a one-half Interest In 102 wells In West Virginia.
There were laid in main lines 28 % miles, in field lines 67 H miles, in ex¬
tension in cities and towns 31 \i miles, a total of 127 % miles of pipe.
The
amount of the foregoing Investment aggregated over $500,000.
The number of consumers has been Increased In cities operated by your
company as follows;
Domestic
8,363
Special
167
Total
8,530
The total number of meters now are 76,002, of which 74,348 are do¬
mestic and 1,654 special rate consumers.
The increased number was due
to the growth of the service in cities already on the line.
No new dis¬
tributing plants were Installed during the year.
Disposition of Surplus of Year 1906.
labor, $58,411: 39,023 acres, $53,138; pipe, casing, rigs, &c.,
for 88 new wells, $67,643; rights of way, $19,177; less electric
$7,297
r
Decrease In net accounts payable.
Decrease In bonds of underlying companies
Decreased materials In warehouses &c
$505,950
104,431
50,000
24,430
Net surplus for year 1906
$635,951
Approximate Earnings for January and February 1907.
Earnings for Jan. 1907, $368,000; Feb. 1907 (approx.), $400,000 ..$768,000
Expenses, Including bond Interest and gas purchased (approx.) .. 268,000
Approximate net earnings for Jan. and Feb. 1907_..
$500,00 0
Operations of the Corporation and Us Underlying Cos. for Calendar Years.
1906.
Gross earnings, gas,
Operating expenses,
electricity, &c..
including drilling,
rentals, royalties, &c
Gas purchased (see text)
Net Income from
nterest on
Dividend
debt,
(8%)
operation
funded and
current-
,
1905.
$
1904.
$
$
2,990,926
2,618,741
2.419.189
943,511
422,863
877,358
339,251
799,968
206,031
1,624,552
268,600
720,000
1,402,132
233,595
720,000
1.413.190
319,937
720,000
988,600
953,595
1,039,937
635,952
448,537
373,253
Note.—The “gas purchased” was not purchased because of any shortage,
a-; the company has wrells not In use at all times.
The competitive condi¬
tions and favorable terms of the purchase make It appear good business
policy to purchase outside gas, thus saving our own gas and avoiding some
Surplus
of the expense of
drilling wells.
BALANCE
1906.
Assets—
$
'Investment” 15,860,336
SHEET DEC.
Liabilities—
$
15,378,816
•These
15,860,336 15,378,816
run
from 15 to 25 years
1905.
$
$
9,000.000
3.000,000
961,000
743,264
1,674,552
Bds., “Union” 3,000,000
Net accts.pay.
Total surplusTotal.
1906.
Capital stock- 9,000,000
Underly’g bds.
Total
RAILROADS,
INCLUDING
STREET
ROADS.
Belvidere Delaware RR.—Dividend Increased.—This
com¬
pany, leased to the Pennsylvania RR.,has declared an annual
dividend of 10% on its $1,253,000 capital stock, payable
March 15 to holders of record March 12.
From 1897 to 1906,
both inclusive, the rate was 5% yearly, payable in Feb¬
ruary.—V. 76, p. 918.
Buffalo & Susquehanna RR.—Listed.—The New York
Stock Exchange has listed $2,408,000 additional first
refunding mortgage 4% bonds, due 1951, making the total
listed
$8,929,000.
Refunding 4s (reduced by sinking fund to $8,929,000).
Acquiring the lines consolidated April 1 1901and for construction $2,250,000
Purchase of Clearfield (Tyler) coal property
260,000
To make a loan to the Powhatan Coal Co
In exchange for first mortgage 5% bonds
1,000,000
(on Dec. 31 1906 only
$149,500 first 5s remained outstanding)
For payment Into sinking fund to retire first mortgage 5s
For refunding expenses to date
To provide for purchase of equipment
.'
To provide funds for additional mileage
To enable company to make a loan to the
Coal & Coke Co
Less bonds purchased and held by trustee
visions of the mortgage
Note.—The
630,000
201,000
150,000
1,489,000
1.750,000
Buffalo & Susquehanna
1,240.000
under sinking fund
pro¬
41,000
$2,408,000 bonds just listed Include $1,164,000 Issued to
purchase additional equipment and $1,240,000 Issued for the purpose of
enabling the company to make a loan to the Buffalo &, Susquehanna Coal &
Coke Co.
This loan is secured by purchase money mortgage for $$1,240,000
on coal lands, equipment and property of the Buffalo
& Susquehanna
Coal & Coke Co. located within the counties of Armstrong, Indiana, Clear¬
field and Jefferson, Pa., said mortgage being deposited with the trustee
of the first refunding Issue.
Earnings.—For half-year ending Dec. 31:
Last
6 Mos.
1906
1905
Gross
Net
Other
Fixed
Other
Balance.
Earnings. Income.
Charges. Deduc'tis. Surplus.
$323,814
$96,263
$175,284
$65,460
$179,333
291,144
Profit and loss account for half-year ending Dec. 31 1906: Credits: Total
surplus July 1 1906, $470,994; net Income for six months ending Dec. 31
1906, $179,333; sundry adjustments, $1,789; total, $652,116.
Debits:
Dividends Nos. 17-18 of 1 % each on $4,000,000 pref. stock. $80,000; and
Nos. 30-31 of 1 \4% each on $4,456,900 common stock, $111,422: total,
$191,422.
Balance surplus per balance sheet Dec. 31 1906, $460,694.—V.
84, p. 693.
•
'
Earnings.
$896,300
780,389
Canadian Northern Quebec Ry.—Exchange oj Bonds—Con¬
struction.—An authoritative statement, calling attention to
the notice on another page of this issue regarding the offer
exchange Canadian Northern Quebec 4% guaranteed
Railway of Canada 4%
bonds, announced in this column last week (p. 693), says:j
to
debenture stock for Great Northern
The Canadian Northern Quebec was formed by the amalgamation of the
Great Northern of Canada with the Chatcauguay & Northern and the Que¬
bec New Brunswick & Nova Scotia Railway companies, and It has, in addi¬
tion to a direct line to Montreal, valuable terminal properties there as well
as In Quebec, Into which city It Is expected It will this year have .completed
The present eastern terminus, Hawkesbury, will in the near
its own line.
lurure, we understand, be connected with the Canadian Northern system
to Winnipeg and Western Canada.—V. 84. p. 693.
Chattanooga Southern RR.—Offer.—A
yesterday from Chattanooga said:
press
dispatch
The Louisville & Nashville RR. Co.s directors have made an offer to
the minority stockholders.
An ultimatum has also been given that If, by
April 15, those stockholders would not sell, the proposed buyers would not
exercise their option on the majority of the stock.
It Is understood the
L. & N. agreed to pay $1,250,000 for the stock complete.—V. 83, p. 817.
Chicago Great 'Western Ry.—Option to Subscribe.—tender
London, March 16, there is offered for subscription
at £16 per $100 share, through Robert Benson A Co. of that
city, $3,873,000 4% (irredeemable) debenture stock, part of
the authorized issue of $30,000,000 of which $20,127,0(X)
was outstanding on June 30 1906.
Subscriptions are paya¬
ble per $100 share as follows: On application, £2; April 4
1907, £2; July 1 1907, £12; total, £16.
date of
July 15 next, from which date the debenture stock will bear full Interest.
Payment In full may be made on April 4 and interest will thereupon accrue
from the date of payment.
Preferential consideration will be given to sub¬
scriptions by the holders of debenture and preferred “A” stocks.
See semi-annual report, with purposes of this issue, under
“Annual Reports” on a preceding page of this issue.—V. 84,
p.693,626.
Chicago Rock Island & Pacific Ry.—Bonds Offered.—See
Ry. below.—V. 84, p. 569, 507.
Rock Island-Frisco Terminal
Chicago Terminal Transfer RR.—Action by Minority Stock¬
a meeting of the minority stockholders held on
Wednesday at the office of Malcom & Coornbe in this city,
it was decided to appoint a committee to protect their in¬
terests under the foreclosure proceedings now in progress.
The names of the committee, it is expected, will be an¬
nounced shortly by George I. Macolm, Chairman of the
meeting.—-V. S4, p. 693.
Cleveland Southwestern & Columbus Ry.—Officers.—The
following officers and directors are announced fur this con¬
solidated company, formed per plan in V. 83, p. 1590:
holders.—At
F. T. Pomeroy, President; A. E. Akins, First Vlce-Pres.; F. E. Myers of
Ashland, Second Vlce-Pres.; E. F. Schneider, Secretary, and J. O. Wilson,
Treasurer.
Directors:
F. T Pomeroy, H. Pomeroy, A. E. Akins, F. H. Ginn, F. L.
Fuller. M. J. Mandelbaum. Cleveland; F. E. Myers, Ashland; W. H. Lam-
precht, G. N. Chandler, H. Q. Sargent, S. C. Smith, J. F. Harper, Cleve¬
31.
1905.
GENERAL INVESTMENT NEWS.
At this price the yield on Investment is slightly over £5 3s. 0d. per cent.
Interest will be allowed on the Installments at the rate of 5 % per annum to
Net Increase In Investment. Including 127 M miles of pipe, $187,258; meters, services, &c., $91,866; pump stations, $35,754;
plants sold,
LXXXIV
$8,970,000 First
158,105
Balance for year
a
[Vol.
THE CHRONICLE
748
•911,000
638.832
2,310.504
15,860,336 15,378,816
and are mostly 5 per cents.—V. 84, p. 395.
land; M. A Sprague, L. M. Coe, Berea; W. B. Thompson, Lorain; M. L.
Benham, Le Roy; A. B. Taylor. Lodi.
The “Cleveland Leader” says that it is expected that the
Columbus Delaware & Marion line wil be utilized either by
purchase, consolidation or through a traffic agreement.
—V. S4, p. 569, 33S.
Colorado & Southern Ry.—Listed in London.—The London
Stock Exchange has listed the outstanding $10,000,000 “re-
34091
Mar. 30
funding and extension mortgage” 43^% gold bonds, Nos. 1 to
9,100 and 16,001 to 16,900.—V. 84, p. 507, 449.
Erie & Pittsburgh RR.—Earnings.—The New York Stock
Exchange, in connection with the listing of 32 additional
shares of $50 each, making the total stock listed $2,000,000,
has the following:
it •
•
•
Results for Calendar Years.
•
Gross
Expenses &
Net
Earnings.
$1,626,751
1,565,243
1,451,181
1,966,605
2,143,384
Taxes.
$1,050,109
1,032,139
850,294
1,161,760
1,277,419
Earnings.
•
Year.
1905.
1906
749
THE CHRONICLE
1907.J
•
$576,642
533,104
1905 and
Guaranteed Balance.
600,887 ‘
804,845
865,965
Rental.
$322,501
335,555
338,332
362,786
390,221
purchased the $10,000,000 first mortgage 50-year
4% bonds, it is said, has been closed, after having sold about
two-thirds of the bonds.
Bonds were offered in Philadelphia
on March 29 at about 98.—V. 83, p. 818.
Missouri Pacific Ry.—Stuyvesant Fish on Executive Com¬
mittee.—Stuyvesant Fish, who was recently elected a mem¬
Surplus.
$254,142
197,549
262,555
442,059
475,744
ber of the company, has been made a
tive Committee.—V. 84, p. 626, 221.
member of the Execu¬
Mobile Jackson & Kansas City RR.—Withdrawal of Suits.
—As stated in our issue of Feb. 9 (p. 339), the management
and control of the Mobile Jackson & Kansas City and its
leased line, the Gulf & Chicago, were recently vested in a
that the earnings of the property voting trust consisting of John E. Borne, President of the
during the past five years have been more than sufficient to Colonial Trust Co., the trustees of the Gulf A Chicago mort¬
meet interest on bonded debt and pay 7% guaranteed divi¬
gage; Alexander McDonald, a director of the Cleveland Cin¬
dends on the capital stock.”—V. 80, p. 472.
cinnati Chicago & St. Louis Ry., and B. F. Yoakum of the
Georgia Railway & Electric Co., Atlanta, Ga.—New Stock Rock Island system. The settlement of pending litigation
to the satisfaction of all concerned was announced on
as Dividend.—The shareholders on March 26 voted to in¬
Wednesday as follows:
crease the common stock from $6,014,600 to $8,000,000 for
Godkln & Chadboume and Sullivan & Cromwell, attorneys for Messrs.
the purpose, the press reports say, of declaring a stock divi¬
Monell, Morrison and McLeod, the Gulf & Chicago Ry. protective commit¬
dend of 33 1-3% to the common stockholders.—V. 84, p. 570. tee, announce the termination of the litigation affecting the Mobile Jackson
& Kansas City RR. Co. and the Gulf & Chicago Ry. Co.
The suits brought
Grand Rapids (Mich.) Ry.—Listed.—The New York Stock for
receiverships of these companies will be withdrawn and Messrs. Monell,
Exchange has listed $465,000 additional first mortgage 5% Morrison and McLeod have been elected members of the board of directors
of the Mobile Jackson & Kansas City RR. Co.
bonds, due 1916, making the total listed $3,157,000, and
It Is understood that this result, which Is fully satisfactory to all parties,
has authorized the listing of a further $285,000 from time
lias been largely due to the confidence felt by all concerned In the future
of the properties under the effective management of Mr. Yoakum. Q
to time, but prior to Oct. 1 1907, on notice that they have
Financing.—Arrangements are being made for the financ¬
passed beyond the control of the company, making the
amount authorized to be listed $3,442,000.
ing of the floating debt and putting the company in necessary
funds.
Later it is proposed to extend the road on the north
Issuance of $3,215,000 first mort. bonds (reduced bv[sinking fund to $3,157,000)
to
connect
with the ’Frisco system and to build a branch
Retiring $1,203,500 Consolidated Street Ry. Co. 5% bonds,
$600,000 Street Railway Co. of Gi'and Rapids.6% bonds.
line from Beaumont to New Orleans.
This would give the
$50,000 North Park Street Ry. Co. 5% bonds, a floating debt
’Frisco-Rock Island system a direct north and south line
of $177,283 35, and to provide $150,000 In cash expended for
new power-house, and remaining proceeds for various corporate
from Chicago to the Gulf.—V. 84, p. 339.
purposes
$2,500,000
For 85 % of the actual cost of extensions and permanent Improve¬
Mt. -Mansfield Electric RR., Stowe, Vt.—In Reccivers>
ments, consisting of additional track and equipment, real
estate, additional power-house, machinery, &c
715,000 Hands.—Charles E. Burt of Stowe was appointed receiver
Less retired and canceled under sinking fund provision.... 58,000
recently on apIrHeatUni-^Lthe American Trust Co. of Boston,
—V. 84, p. 220.
which, as mortgage trustee, is seeking to foreclose the mort¬
Great Northern
‘‘from which it will appear
Ry.—Decision Permitting Stock Issue.—
Minnesota on Thursday handed down
the lower courts, holding that the
company may issue the $60,000,000 new stock offered to
the stockholders at par in December last without first getting
authority from the State Railroad and Warehouse Com¬
mission.
Compare A'. 84, p. 220.
The Court says that the Legislature has the right to enact statutesjregulatlng the Increase of the capital stock of railroad corporations and to
confer upon a commission the duty of supervising any proposed Increase
and to refuse permission if the facts do not “bring the case within the
statute.”
The Court says further: “Any statute, however, which attempts
to authorize the Commission In Its judgment to allow an Increase of capital
stock for such purposes, and on such terms as It may deem advisable, or
In Its discretion to refuse. It, would be unconstitutional, as an attempt to
delegate legislative power.”
Section 2872, Revised Statutes 1905, Is held
The Supreme Court of
a
decision overruling
violate section 1, article 3 of the State Constitution
delegate to the Commission such legislative power.
to
In that It does
Again Postponed.—In the absence of a decision in the
injunction case, the company on Tuesday postponed
the time for the closing of the transfer books for the purposes of the new
the time limit for the filing of subscriptions, until 3 p. m.
April 2; the time for filing assignments until 3 p. m. April 6, and the time
second and third and fourth payments until April 9.
Compare V. 83, p. 1469, 1590.
Issue of stock, and
for making the first,
Explanation—Description of Ore Lease. —See United
Corporation under “Industrials” below.—V. 84,
States Steel
p.
693, 626.
Great Northern Railway of Canada.—Exchange of Bonds.—
See Canadian Northern Quebec Ry. above.—V. 84, p. 693.
Houston
&
Texas
Central RR.—Called
mortgage bonds of 1890
Bonds.—First
aggregating $380,000 have been
by lot and will be redeemed at 110 and interest on
presentation at the company’s office in the Equitable Build¬
ing, this city, interest-ceasing May 27 1907. See advertise¬
ment on another page of to-day’s “Chronicle.”—V. 83, p.
drawn
1524.
Indianapolis Coal Traction Co.—Sec Terre Haute Indian¬
apolis & Eastern Traction Co: below.—V. 81, p. 975.
Indianapolis & Martinsville Rapid Transit Co.—See Terre
Haute Indianapolis & Eastern Traction Co. below.—V. 83,
p. 37.
Indianapolis & Northwestern Traction^Co.—See Terre
Haute Indianapolis & Eastern Traction Co. below.—V. 83,
p. 37.
Indianapolis & Western Traction Co.—See Terre Haute
Indianapolis & Eastern Traction Co. below.—V. 83, p. 562.
Long Island RR.—New Director.—Franklin B. Lord, of
the firm of Lord, Day & Lord, has been elected a director to
succeed James Hazen Hyde, who resigned.—V. 84, p. 570.
Louisville & Nashville
RR.—Earnings.—For the half-year
ending Dec. 31:
6 mos.
1906
1905
Gross.
-.$23,930,446
21,082,678
Balance.
$3,560,356
3.482,659
3,528,811
Oth. Income. Charges
Net.
$6,635,890 $765,124 $3,840,658
6,234,387
777,083
call for $1,800,000 semi-annually, leaving
a balance of $1,760,356 in 1906, against $1,728,811 in 1905.
Called Bonds.—General mortgage bonds to the amount of
$405,000, drawn for the sinking fund, will be paid on June 1
The
1907 at the office of the company, No. 71 Broadwaj'.
numbers of the bonds are given in an advertisement on
Dividends of 3%
another page.
Market Street Elevated Passenger
Ry., Philadelphia.—
Syndicate Closed.—The syndicate which was formed in March
gage
securing an issue of 5% bonds due in 1928.
The line,
extending from Waterbury to Stowe, a
distance of 10 miles,
(total track 12 miles), was opened for traffic In Feb. 1898.
At last accounts
(June 30 1903) there were outstanding: Capital stock, $300,000:
current
liabilities,
$45,765.
For
year
1902-03
the gross
debt, $200,000;
the
earnings were $16,090 ($7,466 being from passengers and $6,894 from
freight); operating expenses, $13,609; net, $2,481.
President, A. H.
funded
Soden.
Boston.
New York New Haven & Hartford RR.—Terms of Deal.—
Sec Merchants’ & Miners’ Transportation Co. under “Indus¬
trials” below
A press dispatch from New Haven on March 26
In connection with the acquisition of the Merchants' & Miners’ Trans¬
portation Co. by the New York New Haven & Hartford RR. Co., It Is
explained here that the steamship line Is linked commercially with the
said:
Seaboard
Coast Line,
Norfolk systems,
& Western,
Air& Line,
therailroad
hesapeake
Ohio the
eachthe
of
and Atlantic
the Baltimore
& Ohio
which has a differential through rate from the West and South
and Boston, which rate Is less than the standard through
to Providence
rate. By the
acquisition the New York New Haven & Hartford RR. secures a larger
control over the through rate than It would have In the standard rate to
the New England terminals of the steamship company, and those terminals
retain the differential rate benefit.—V. 84, p. 694, 626.
Pere Marquette RR.—Settlement Ratified.—The
holders on Thursday ratified the settlement with the
stock¬
Chicago
& Louisville referred to last week. Compare
693.—V. 84, p. 509.
Philadelphia Baltimore & Washington RR.— Report.—For
Cincinnati
V. 84, p.
calendar year:
Gross
Net
Other
Fixed
Dividends. Bal. for
Earnings.
Earnings. Income.
Charges.
(4%)
Extra Exp.
1906...$15,941,241 $3,508,265 $776,556 $1,502,269 $939,742 $1,842,810
1905... 14,676,204
3,121,746 804,939 1,272,920 939,742 1,714,023
The net earnings as above given are after deducting rentals (5832,987
In 1906 and $751,525 In 1905) based on net earnings.—V. 82, p. 984.
Cal.
Year.
Philadelphia Rapid Transit Co.- -Another Call Expected.—
Philadelphia that a call of $5 per share
on the 600,000 shares of $50 each ($30 paid iif) will be made
within the next ten days, probably some time next week.
The last call, also $5, was paid Dec. 10 1906 (V. S3, p 1171).
—V. 84, p. 571, 451 .
It is understood in
Portland (O.) Railway Co.—Listed.—The New York Stock
Exchange has listed $245,000 additional “first and refunding
mortgage” 5% sinking fund bond due 1930, making the
total listed to date $6,227,000.
The $245,000 new bonds were issued on account of the following expendi¬
tures, aggregating $307,044, viz.; Extension and re construction of tracks.
Including special work, $134,078; extension of overhead lines, $13,242;
n* w paving,
$42,091; new electric cars, trucks and motors, $63,748;
additional power-house equipment, $415; additional car shops, $51,325;
additional right of way,
$2,145.
31 1906.
$1,684,1571 Fixed charges and taxes
$436,832
709,457| Balance, surplus._
272,625
pref. stock (1
Q.-J.)..(5 %) $125,000
on $4,000,000 com.
stock (1% Oct. 1; 1%
1906)..t
(2%) 80.000 205,000
Income
for Fiscal Year ending Dec.
Gross earnings
Net earnings
Dividends on $2,500,000
Dividends
Dec. 31
Balance, surplus, over
$65,625
dividends
Practically the entire capital stock is owned bv the
land Railway, Light & Power Co.—V. 83, p. 1471.
Portland (Ore.)
See Portland
Port¬
Railway & Light Co.—Bonds—Earnings.—
Railway above.—V. 84, p.
627.
(Ind.) Street & Interurban Ry.—See Terre
Indianapolis & Eastern Ry. below.—V. 74, p. 1197.
Rock Island-Frisco Terminal Ry.—Offering of Guaranteed
Bonds.—The First National Bank of Chicago,in iis circular
Richmond
Haute
1907, offers at 102 }/£ and interest
mortgage 5% gold bonds, guaranteed
for March
$3,000,000
jointly and
severally, by endorsement on each bond, by the Chicago Rock
Island & Pacific Ry. (the old company) and the St. Louis &
first
San Francisco RR.
These bonds
flue Jan. 1 1927.
Interest payable
fiscal agency in New York, or the
are
dated Jan. 2 1907,
Jan. 1 and July 1 at the
Mercantile Trust Co. of
Louis, the mortgage trustee. Authorized issue, $5,000,000; reserved for use for improvements, additions and
extensions, $2,000,000; outstanding. $3,000,000.
St.
Abstract
af Letter from President A. J. Davidson, St. Louis, Feb.
28 1907.
These bonds are secured by mortgage on real estate, all situated in St.
Louis, as follows: (a) A tract of 193,239 square feet on Broadway, extending
from Biddle to Collins St.
This tract is all of three city blocks, except two
lots; two blocks are Improved with modern freight terminals, and the third
with stores, (b) A tract of 152,500 square feet on Broadway, beginning at
Brooklyn St. and extending north for 2 ’4 blocks. Both these parcels are
of great value for other than railroad purposes, are located on a main
business thoroughfare, and are situated but liye and eleven blocks from
the business centre of the city,
(c) A tract beginning at Adelaide Ave.
and extending north over one mile to Humboldt Ave., with an average
width of 600 feet, besides abutting properties.
This property Is of con¬
siderable value for factory purposes, warehouses, lumber yards, &c.
It
will be used for switching, storage and general yard purposes.
It would
be quite Impossible to dunlicate this except by purchase from another rail¬
road.
In addition to b' lag reached by the Chicago Rode Island & Pacific
Ry., It Is connected,through the Terminal Association of St. Louis,with
all the railroads entering the city.
We believe the present value of these properties to fie about $4,000,000,
and that they could not be duplicated for that amount.
An additional security, a perpetual contract between the Terminal Railway Association of St. Louis and the Chicago Rock Island & Pacific Ry.,
its successors or assigns, whereby the latter or any other road controlled
by it, shall have the right to enter upon and use the tracks of the Terminal
Association, connecting the tracts under mortgage, has been made subject
W. R. Hodge of the Toledo Railwavs
the mortgage.
The principal and Interest of the bonds are guaranteed by the
Rock Island & Pacific Ry. and the St. Louis A San Francisco RR., jointly
and severally, by endorsement on each bond.
In executing their guaranty,
these companies have agreed that the fixed charges shall be considered as a
The property
necessary charge against operation, and shall be so charged.
Is leased to the guarantors for an annual sum sufficient to pay the interest
to
Chicago
charges, maintenance and renewals.
All of the capital stock is owned by
the roads above mentioned, and has been deposited in a collateral trust
agreement with the Mercantile Trust Co., St. Louis, to further secure their
guaranty.
The right, however, Is given to the lessor to admit other
companies to use their terminals, and under this agreement it Is anticipated
that the Chicago A Eastern Illinois RR. will make use of them.
The two railroads which guarantee these bonds, for the fiscal year endi lg
June 30 1906. earned $9,094,517, after paying all taxes, interest and rentaiS.
—-V. 84, p. 571, V. 82. p. 929.
St. Joseph Valley Traction Co., Elkhart, Ind.—Bond Issue.
—This company, which operates with gasoline motor cars
a limi completed a few months ago from Middlebury, Ind.,
Angola, Ind., via La Grange, about 47 miles, has, it is
stated, made a mortgage to William P. Knickerbocker of
Elkhart, as trustee, to secure $700,000 bonds due in 1919.
The President and General Manager is Herbert E. Bucklen
of Chicago.
The road was projected to extend from Angola
via Middlebury to South Bend, SO miles.
The St. Joseph
Valley Ry. was organized to build the 28 miles from La
Grange to Angola.
St. Louis & San Francisco RR.—Bonds Offered.—See Rock
Island-Frisco Terminal Ry. above.—V. 84, p. 627, 571.
Terre Haute Indianapolis & Eastern Traction Co.—Con¬
solidation.—This company was incorporated under the laws
of Indiana on March 23 with, it i> said, an authorized issue
of $25,000,000 stock and $10,000,000 bonds, as the holding
or merging company for the bulk of the Indiana trolley prop¬
erties acquired during the past two years by the Philadel¬
phia syndicate represented in Indianapolis by Hugh J. Mc¬
Gowan, in which the United Gas Improvement Co. is believed
to be directly or indirectly interested.
The “Indianapolis News” or March 23 and March 25 says
(compare “Street Railway Section’’ regarding the constituent
to
properties):
975), the Indianapolis A Martinsville, the Indianapolis & Eastern and
The holding company will not
the Richmond Street A Ititerurban Ry.
acquire the lines of the Indiana Union Traction Co., the Ft. Wayne &
Wabash Valley Traction Co. nor the Evansville and South Bend properties,
which have recently come under syndicate control.
Formal ratification of a lease by which tin* company will gain control
f j: 99 years of the street car lines of Terre Haute and the interurbans out of
that city to Clinton. Brazil and Sullivan, will be (was) made March 25,
when the directors of the Terre Haute Traction A Light Co. will (did) ap¬
prove signatures which have already been attached to the papers.
The leas¬
ing company is to assume all liabilities of the,Terre Haute company: to
guarantee 6 % on $500,000 preferred stock: to assume S3.366.000 5 % bonds
and to guarantee 2 % on $2,000,000 common stock for three years and 3 %
on this stock for the succeeding years.
p.
The new company
will control 363 miles of traction line in operation,
exclusive of the Terre Haute lines (which aggregate 86 miles.—Ed.).
The
Terre Haute Indianapolis A Eastern, as a holding company for the syndicate
In
recently
incorporated
Indiana
lines
Indiana, corresponds to the
Colum¬
bus A Eastern Traction Co., which is a holding company for the lines In
Ohio owned by the same interests as the syndicate lines In Indiana.
The
two holding companies will operate in close relation and establish through
service over their roads.
Officers have not yet been elected for the Indiana company, but organi¬
zation will be made within a few days.
It is understood that Mr. McGowan
ultimately will be President.
Through service will be established from Terre Haute to Zanesville,
Toledo and other Ohio cities over the lines of the Terre Haute Indianapolis
A Eastern and the Indiana Columbus A Eastern, which are the two holding
companies for the syndicate lines in Indiana and
Ohio.
Terre Haute Traction & Light Co.
Haute Indianapolis & Eastern Traction
p.
Lease.1-- Set* Terre
Co. above. - Y. S3,
970.
Toledo Railways &
Toledo A Western RR.
Light Co .— lieported Purchase. —Sac
below.—V. 84, p. 217, 160.
Toledo & Western (Electric) RR.—Reported
trol of the road, it is reported, has been formally
bv the
"ft syndicate to the Toledo Railways
Sale.—Con¬
& Light Co.—V. 84
United Railways Co. of St. Louis.—Listed.—The New
York Stock Exchange has authorized the listing of $4,000,090
additional 5% cumulative preferred stock from time to time
on official notice that if has been released by the trustee
and issued on a parity with the preferred stock listed and
outstanding,
$16,983,200.
total authorized
making the
to
be listed
•The $4,000,000 additional preferred stock was used In the purchase of
the St. Louis A Suburban Ry., which was acquired by a deed of conveyance
dated Dec. 31 1906, and the said stock deposited with the Mississippi Valley
Trust Co., trustee, for the St. Louis A Suburban shareholders, said trust
The stock in the hands of the trustee Is not
to continue to Jan. 15 1908.
accumulate or accrue dividends until after that date, unless the Suburban
Railway Co.’s shareholders deposit with the trustee cash to the amount of
to
that would accrue to Jan. 1 1908, and thereupon receive a
certificate of stock which will be on a parity when registered with all the
preferred stock of the United Railways Co. of St. Louis previously out¬
dividends
standing.
Earnings of St. Louis A Suburban Railway System for Cal.
Gross Income
$1,141,5411 Interest on bonds
Op. exp. A taxes($74,372)
833,578) Interest on floating debt
Net
$307,963)
earnings
For the results
so:'
Year 1906.
$391,000
13,772
Deficit for year
expected from the St
$96,809
Louis A Suburban,
.
Y. 84, p. 688.
United
Railways Investment Co. of San Francisco.— Re¬
port.—The combined results for the controlled properties, the
United Railroads for San Francisco and the Philadelphia Co.,
for the calendar year were as follows:
Cal.
Year—
1906 __l
1905
V. 84s, p.
—
Gross
Earnings.
$24,533,603
24,229,062
392, 104.
Fixed
Charges.
Alet
Earnings.
Sink, fund s
A Div.
$11,787,562 ~ $6,202,31 5
11,693,559
Balance
Surplus,
$647,235
$4,938,012
730,189
5,079,270
5,884.100
Western Maryland RR.—Xew Vice-President.—Alexander
Robertson, General Manager, has been elected Vice-President
to succeed F. S. Landstreet, resigned.—V. 84, p. 694, 160.
INDUSTRIAL,
GAS
AND
MISCELLw^OUS.
American Ice Securities Co.—Plan Under Discussion.—
While not formally before the board of directors, a plan, it is
understood, is being discussed by some of the leading stock¬
holders looking to the possible issue of about $17,000,000
5% bonds, of which $10,000,000 would be used to retire
half of the $20,000,000-stock of the American Ice Securities
Go. and the remainder to take up at or before maturity all
the debentures and’underlying bonds.
See V. 84, p. 09*0.
American Loom Co.—Automatic Loom Patent Suit.—-The
equity brought by the Draper Company against this
and its President , William C. Lovering, for alleged
infringement of automatic loom patents, has been decided
by the Circuit Court of the United States, District of Massa¬
chusetts, in favor of the defendants and against the Draper
Company. After a full hearing upon the merits, the com¬
plaint was dismissed with costs against the Draper Company.
The American Loom Co. is a New Jersey corporation with
plant at Readyillc, Mass. Authorized capital stock, $1,000,000, all of one class; outstanding, $875,300; par, $100.
suit in
company
No bonds.
American
Strawboard
Co.—Called
Rands.—Sixty-eight
(68,000) first mortgage 6% gold bonds dated 1891 will be
paid at the International Trust Co., Boston, on June 1 at
par and interest.—X. 84, p. 692, 105.
American
another page
New
The Terre Haute Indianapolis 8: Eastern will acquire by purchase or
lease the Indianapolis & Northwestern (V. 80, p. 2457), the-Indianapolis &
Western (V. 83, p. 502). Indianapolis Coal Traction (Flalnlield line) (V. 81.
LXXXIV.
272.
p.
,
'
[VOL.
THE CHRONICLE
750
a
Telephone
&
Telegraph
Co.—Report .-See
of this issue.
Director.—Sylvanus L. School)maker has been elected
director to succeed Charles B. Bowditch.
Convertible
Hands.—The
“Boston
issues of March 26 and March 28
News
Bureau"
in
its
respectively said:
(1.) On Thursday, Kidder, Peabody & Co. will take up from the sub¬
scribers and pay them 91 and interest for the amount of bonds thus far sold
for syndicate account.
The next payment, 30%, on account of the syndi¬
cate will be. payable at the office of Kidder, Peabody & Co. April 15.
(2.)
Underwriter*'of the 4% convertible, bonds are to-day in receipt of checks
from the syndicate managers taking up one tenth of the entire amount of
bonds allotted to them.
This means that the amount of convertible bonds
recently sold was probably slightly in excess of $10,000,000.—V. 84, p.
'
694,627.
'
American Tobacco Co.- Hands Canceled.—The company
has purchased out <>f surplus an additional $500,000 of its
4% bonds, and delivered them to the trustee, the Morton
The latter has expended $500,000, in accordance with the sinking fund provision of tlit*
indenture securing the bonds in the purchase of
bonds,
Trust Co., for cancellation.’
which have also been canceled.
Reported Acquisition.—The
company,
chased the business of L. Miller A Co.,
it is stated, has
pur¬
independent cigar
manufacturing concern.—V. 84. p. 625, 105.
American Tube & Stamping Co .—Ronds Called.—Ten
(810,000) first mortgage bonds of 1902 have been, called
for rede" ption on April 1 1907 at 105 and interest at the Co¬
lonial Trust Co. of Xew York, trustee.—V. 83, p. 689.
an
American Union Telephone Co.—Directors Resiqn.—The
“Philadelphia. News Bureau” of March 8 says:
Edward
Bailey. President of the Harrisburg Trust Co., and George V.
Reiley, Vice-President of the Pennsylvania Surety Co., have resigned as
directors of the American Union Telephone Co.—V. 84, p. 161.
turned over
American
Woolen Co.—Stock Subscriptions.—An ex¬
& Light in¬ change on March-26 said:
terests.
t
F. Franklin, it is said, will continue as Presi¬
We understand that the syndicate which underwrote the $10,000,000
dent and General Manager, but J. R. Nutt and Edward
preferred stock was called on yesterday to take up 70% of the stock, the
.
Kellev will be succeeded as directors
by Joseph S. Young and
balance of 30% having been taken
by the stockholders.—V. 84,
p.
567.
751
THE CHRONICLE.
Mar, 30 1907.1
-i
Co., Canton, Ohio.—New Stock.—
The stockholders on Feb. 2 voted to increase the capital stock
from $1,000,000 to $1,500,000, consisting of $750,000 each
Berger Manufacturing
of common and
7% cumulative
Of the new stock, $250,000 preferred
Issued, making the amounts outstanding
preferred.
No bonds.
and $150,000 common have been
$650,000 preferred and $500,000
The company was Incorporated In
of shares, $100 each.
Ohio In January 1906 and manufactures sheet steel and sheet steel special¬
ties.
President. Ed. A. Langenbach; Secretary, Chas. A. Irwin; Treasurer,
common;
par
F. A. Schwertner.
Boston & Philadelphia Steamship Co.—Re-sold.—See
chants' & Miners’ Transportation Co. below.—V. 84, p.
(J. G.) Brill Company,
Mer¬
392.
Philadelphia.—Sale of Preferred
to par. if
stock
the successful settlement of
furnished
the city.
near
be sufficient funds remaining to pay off the preferred
not quite so.
It will depend entirely upon
contested taxes and bills due to the company for water
to
We do not see any prospect of payment upon the common
amount of preferred and common stock is $222,900
in Control.—This
organized in Sept. 1902 by Baltimore interests,
including Hambleton & Co. and Henry A. Parr, recently
passed under the control of a syndicate headed by W. De L.
Walbridge, President of the American Coal Co. of New York,
(V. 84, p. 392). The company in June 1903 increased its
capital stock from $100,000 to $1,000,000 and made a
mortgage to the Continental Trust Co. of Baltimore as trus¬
tee to secure an issue of $500,000 5% bonds.
On Feb. 12
1907 a new mortgage was filed to the Continental Trust
Co. of Baltimore, as trustee, securing $500,000 5% gold
bonds, replacing the previous issue. The “ Engineering and
Mining Journal” of Feb. 9 had the following :
Cumberland Basin Coal Co.—Change
company,
06 91
made March 27 by Edward B.
Philadelphia and New York, of the conclusion
$1,270,000 preferred stock of the J. G. Brill
Co., which is one of the largest industrial concerns in Phila¬
delphia, employing about 4,000 men, and having an annual
output of 3,500 street railway and other cars, equivalent in
value to about $8,000,000.
The total capital stock is
$10,000,000. divided into $5,000,000 7% cumulative pre¬
Stock.—Announcement was
Smith & Co.,
of the sale of
L. Walbridge, President of
of the Cumberland Basin
the company and thoroughly
develop the properties, which comprise about 10,000 acres of land about
20 miles from Cumberland, Md.
The lands are said to contain from
4,000,000 to 5,000,000 tons of the famous Big-Vein coal dnd a large area
New York capitalists represented by W. De
the American Coal Co., have acquired control
Coal Co.
The purchasers Intend to reorganize
ferred and $5,000,000 common stock; par of shares $100.
All this stock is outstanding with the exception of $420,000
the smaller vein.
The new owners propose to construct a branch
railway 4 miles long to connect the mines with the Georges Creek &
berland RR. In order to provide direct transportation to tidewater at
Baltimore.
The Cumperland Basin Coal Co. has common stock of $1,000,000 and first mortgage 5% bonds for $500,000.
In reorganizing
stated there will be Issued $500,00 0 of 6% preferred stock (cumulative after
two years) and $500,000 of common stock.
Baltimore capitalists
of
reserved for the
retirement of an existing mortgage on the John Stephenson
plant, which is the only indebtedness on any of the plants
preferred and about $100,000 common,
Company. ” A part of the proceeds of the pre¬
recently sold will be used for the purchase of
the Wason plant and the balance will be added to the work¬
ing capital required in the constantly expanding business of
of the Brill
ferred stock
Cum¬
expected to retain a large
In the company are
stock was sold at
par, the entire proceeds going into the treasury, the present
owners not only receiving no money, but actually increasing
their interest in the company, while the only commission paid
Application will be
to the bankers is in common stock.
the company.
4%.—V. 84, p. 161.
$52C 100 first mortgage
are
stock. The
each, and the bonds
It is understood that the
The
following officers have been
President.
Frank
Secretary, E. P.
Detroit
S.
Hill;
Edison
It is
Interested
interest in the new bonds.
elected:
Vice-President,
Treasurer. Nicholas Bond.
Hambleton;
Co.—Guaranteed
Michigan Edison Co.
Ralph Robinson;
Bonds.—See
Eastern
below.—V. 83, p. 1473.
Distillers’ Securities Corporation.—Dividend No. 18 at
Dicreased Rate.—The regular quarterly dividend, increased
from 1)4% t° 1 )/2%t was declared Mar. 27 on the $30,598,700
of stock on the Philadelphia Stock
It is understood that the present earnings are
sufficient to cover the dividends on the preferred stock
and leave a surplus largely in excess of 10% on the common
made to list both classes
Exchange.
capital stock, payable April 27 1907 to stockholders of rec¬
ord April 6.
Dividends were begun in January 1903 at the
rate of 4% per annum, which in October last was increased
stock.
An authoritative statement says:
to 5% and now to 6%.
Compare V. 84, p. 696, 341.
The company is the largest manufacturer of street railway cars In the
their
world,
cars being used in all the principal cities of this country, and In
Dominion Power & Transmission Co., Ltd., Hamilton,
Europe. South America, the Philippine Islands, Africa, Japan, Australia
Ontario.—Sale of Bonds.—The Harris Trust & Savings Bank,
and India.
The plant Ift this city was the first plant owned by the com¬
pany, the business having been started in 1869.
It has always been profit¬ N. W. Harris & Co. and Perry, Coffin A Burr, we learn,
able, and In 1902 the company purchased the plant of the American Car Co.
have marketed all of the $1,650,000 5% bonds described in
In the city of St. Louis.
In 1904 the plant of the G. C. Kuhlman Car Co.
on the border of the city of Cleveland was acquired, and In 1905 the John
our issue of March 9.
Compare V. 84, p. 569.
The
.Stephenson Company’s plant at Elizabeth, N. J., was purchased.
Brill plant in Philadelphia covers about 28 acres at 62d St. and Woodland
Draper Company.—Decision.—See American Loom Co.
Av.; the St. Louis plant covers 11 acres, the Kuhlman plant 30 acres and
above.—V. 84, p. 273.
the Stephenson plant 89 acres.
On April 1 the company will take over the
plaqt of the Wason Manufacturing Co. at Springfield, Mass., covering about
(The) Eastern Michigan Edison Co.—New Subsidiary of
This company Is one of the oldest car-building plants in the
25 acres.
United States and has a large export trade.
It has a capacity for about Detroit Edison Co.—Bonds.—This company has been recently
150 steam railway passenger cars and 125 electric cars annuity.
Its organized-under the laws of the State of New York, for the
acquisition was desirable, both because of Its geographical location and
purpose of taking over from the Detroit Edison Co. electric
because of its special facilities for the manufacture of steam railway cars.
These facilities are especially valuable In view of the present tendency
light properties*at Ann Arbor, Ypsilanti, Mt. Clemens and
toward the electrification of steam roads..
elsewhere outside of the city limits of Detroit, and certain
Director.—Robert K. Cassatt, of the banking house of water power properties on the Huron River. The entire
Cassatt & Co., has boon elected a director.
See V. 84, p. 695. capital stock of the company is owned and will be retained
Canadian General Electric Co., Toronto.—Report.—For by the Detroit Edison Co.
An issue of bonds has been
authorized by the Eastern Michigan Edison Co. to provide
calendar year:
Year—
'
Profit.
Int.,Ac.
Dividends.
To reserve. Bal.,sur. for the purchase and development of the properties referred
1906
'...$853,675 $71,160
$484,690 $100,000 $197,825
1905
"... 608,206
125,987
335,499
a
146,720 to, which issue is guaranteed by the Detroit Edison Co.
The authorized limit of the bond issue is $10,000,000.
Dividends, 10 % yearly on common stockjand 6 % yearly on $300,000
preferred.
Trustee,
the Trust Company of America. Interest 5%,
There was also written oir during 1906 $219,553 (against $137,870 In
1905), the profit and loss surplus being S69.034 on Dec. 31 1906. against
payable May 1 and Nov. 1; 25-year gold bonds. Immediate
$90,762 on Dec. 31 1905.—V. 83. p. 321.
issue of bonds, $1,000,000, to reimburse in part the Detroit
b Central Consumers’ Brewing Co. of New York.—Consoli¬
Edison Co. for the purchase price of the properties.
dation Off for the Present.—Otis & Hough on Monday, owing
Eastern Steamship Co.—Report.—For calendar year:
'
unfavorable monetary conditions, returned the sub¬
scriptions to this company’s securities, it having been
decided ‘‘to abandon all consolidation for the present.”
—V. 84, p. 695.
Colorado Fuel & Iron Co.—New PresidentJesse P. Well¬
to the
born, long
connected with the company,and
recently its Vice-
President and Sales and Traffic Manager, has been
President by the Board of directors, to succeed the late
J. Hearne.—V. 84, p. 161.
made
Frank
(O.) Citizens’ Telephone Co.—New Preferred
Stock.—The shareholders will vote April 24 on amending the
by-laws so as to increase the membership of the board from
nine to eleven, and also on raising the capital stock from
$1,250,000 to $1,750,000, by increasing the 6% cumulative
Columbus
preferred stock from $500,000 to
$1,000,000.
proposfd to issue immediately $250,000 of the new preferred shares
to provide for extensions, &c.
The company had 10.068 telephones
use on March 1, as compared with the 6,909 in use on Nov. 1 1905, an in¬
45.72
the
crease of
% for
sixteen months. At last accounts $650,000 of the
•
It is
in
company’s $750,000 first mortgage 5s were outstanding.—V.
Crescent Coal Co.—Bonds Called.—All of the
82, p. 454.
outstanding
secured by mortgage dated May 1 1901
have been called for payment at par and interest on May 1
at the office of the Union Trust Co. of Pittsburgh, trustee.
No new bonds,.we are informed, are to be issued.
Capital
stock, $400,000; par $100. Company owns about 500 acres
of coal land in Jefferson Township, Allegheny County, Pa.
Pres., Samuel ’A. Taylor; Sec., \V. I. Berryman; Treas.,
$100,000 6%. bonds
John W. Ailes.
Year—•
1906
—V. 82, p.
Net.
C/iarges.
...$1,736,331
$365,501
1,590,127
346,382
$98,872
Gross.
Year—
1905
1904
—V. 83, p.
Surplus.
$146,629
126,474
1232.
Eastman Kodak
dar year; including
1
99,908
Dividend.
(4 %)$ 120,000
(4%) 120,000
Net profits.
$4,915,700
4,013,913
3,339,148
Co.—Report.—The results for the calen¬
subsidiary companies, were:
Dlv.on pf. (6%)
$369,942
365,217
360,347
Divs.onCom.
(17 J4 %)$3,418,260
(12 %)2,342,964
(10 %) 1.920,619
Bal., sur.
$1,127,498
1,305,732
1,058,182
1101.
Milling Co.—Dividend—New Cor¬
poration.—See Standard Milling Co. below.—V. 84, p. 696.
International Silver Co.—New Director.—The number fo
directors has been increased from fifteen to sixteen by the
election of R. Livingstone Beeckman of New York.—V. 84,
p. 567,511.
Kinsman Transit Co., Cleveland.—New Stork.—A cer¬
tificate has been filed at Columbus, ()., increasing the capital
stock from $610,500 to $936,100 (all common; outstanding,
$912,500), to cover the cost of building the new steamer
Hecker-Jones-Jewell
Matthew Andrews.—V. 80, p.
1733.
Kirby Lumber Co.—Statement of Earnings Misplaced.—In
week’s issue of the “Chronicle” we published official
statements regarding the payment of overdue interest on
the timber certificates and other matters relating to this
last
which,‘as
company and the allied Houston Oil Co., both of
is well known, have for some time past been in the hands of
receivers.
Unfortunately, in making up the paper the brief
annual statement of earnings, dividends, &c., of the Ameri¬
Crystal Water Co., Staten Island.—Status of Sale to City.— can Telephone & Telegraph Co. was, by a mistake of the com¬
Bond has favored us as follows:
positors, such as all newspapers are at times subject to,
The sale of the plant to the City of New York has not yet been consum¬
mated, owing to a few matters which are in process of settlement.
When inserted in the midst of the statement regarding the coupons,
the city Is ready to take over the property, due notice will again be sent to
and, it appears, misled some, in spite of the seeming incon¬
the bondholders for the redemption of their bonds, as this did not occur on
Feb. 14. the date which was at first fixed upon.
The price obtained by us gruity of a combination of overdue coupons and generous
will admit of the redemption of the bonds at par, after which the stockholddividends.—V. 84, p. 697, 53.
rs will be notified to send in their certificates, and it is hoped that there will
Secretary George R.
[Vol. lxxxiv.
THE CHRONICLE.
(Ind.) Light Co.—Receivership.—At Madison,
March 23, Judge Francisco of the Jefferson Circuit
Court placed the company in the hands of the Madison Safe
Deposit & Trust Co. as a temporary receiver on the ground
of insolvency.
The bonded debt is stated as $110,000.
Madison
Ind.,
on
application fora receiver was made by Elmer A. Kimball of Chicago
assignee of a note held by the Western Gas & Investment Co. of Chicago
(which see below), the parent holding company.
Colonel Russell B. Har¬
rison and Attorney' M. L. Claw'son of Indianapolis have taken steps to secure
the appointment of a receiver In the interests of the bondholders of the
Madison Company^
Similar action was successful in the case of the Seymour
Gas & Electric Light Co. mentioned below.
The
as
Maryland Coal Co.—Report.—Report for the calendar year:
1905.
11)06.
$155,630
stock % (8)150,776
Net profits
DIv. on pref.
$71,858
$4,854
Balance, surplus.-
1903.
1904.
$222,634
$276,456
$800,688
(8)150,776 (8 ^)160,199 (8 </$) 160,199
$640,489
$116,257
—V. 82, p. 337.
Merchants' & Miners’
Transportation Co., Baltimore.--
of Purchase—Extra Dividend.—The shareholders
April 29 in Baltimore for the purpose of—
Terms
meet
will
(a) Increasing the capital stock from $2,000,000 to $5,000,000; par
value of shares, $100 each; (ft) approving an Issue of $3,250,000 of 4%
25-year debentures.
(The present bonded debt consists of $300,000 first
mortgage gold 4s, Interest M. & N.)
Dividends at the rate of 8% per annum
have been paid
January and July.
in
March 26 says in substance:
A circular dated
has been made by this company to purchase the property
of the Boston & Philadelphia Steamship Co. (V. 84, p. 392) for $3,250,000
4 % 25-year debentures to be Issued by this company.
A
contract
A separate contract has been entered Into with the New England Navi¬
gation Co. (V. 83, p. 821) for the exchange of $2,500,000 par value of the
stock of the Merchants’ & Miners Transportation Co. for $2,000,000 par
value of the stock of the New York Newr Haven & Hartford RR. Co.
To accomplish this purpose It is necessary that the capital stock of this
company be Increased from $2,000,000, its present capital, to $5,000,000.
As a result of this increase and exchange, the present stockholders will
be entitled to (1) retain their present holding, $2,000,000; (2) receive a
stock dividend of M. & M. T. Co. stock of 25%, $500,000; (3) receive stock
of the New York New' Haven & Hartford RR. Co., par value, $2,000,000
so that the present stockholders, in addition to retaining their present
holdings, will receive K share of Merchants’ & Miners’ Transportation Co.
stock and 1 share of New York New Haven & Hartford RR. Co. stock for
each share of Merchants’ & Miners Transportation Co. stock now held by
them.
The remaining $2,500,000 out of the $5,000,000 of capital will be
Issued to the New England Navigation Co. in exchange for the $2,000,000
of stock of the New York New' Haven & Hartford RR. Co.
completion of the exchange will leave the capital stock of this com¬
between the present stockholders and the New
A further agreement has been prepared for the
deposit of this stock w ith the Safe Deposit & Trust Co. of Baltimore, trustee,
for 25 years with a provision for an extension to 50 years; this agreement
requires that the stock shall be voted so as to maintain the Merchants’ &
The
pany
equally divided
England Navigation Co.
Miners’ Transportation Co. as an Independent company.
Each stockholder has the right to make the exchange of stock in propor¬
tion to his holdings, and has the right to deposit his stock under the trust
agreement.
Neither the exchange or deposit under the trust agreement
are compulsory, but are left to each stockholder’s option.
All stockholders who desire to make the exchange of stock are required
April
to deposit their certificates of stock endorsed In blank (on or before
20)
with the Safe Deposit & Trust Co. of Baltimore, which on completion
of the transaction will deliver to the stockholders the shares and certificates
to which they are entitled on surrender of the certificates of deposit.—V. 84,
p. 629, 576.
Works.—Report.—For calendar
Montreal Steel
Net.
Reserve.
$196,998
120,798
$36,000
20,495
Year—
1906
1905
.
♦Paid March 21 1906 and
($1,873,875) —
Plant, &c
Stores and merchandise.
Assets
Bills receivable
Sundry debtors
Cash
Miscellaneous
Pref.Div.
(7%) $56,000
(7%) 56,000
year:
Com. Div.
Bal.,Sur.
(7%) $46,286 $58,712
12,440
*(7%) 31,863
charged against profit and loss In 1906.
Balance Sheet of Dec. 31.
Liabilities
_
($1,873,875) —
$1,299,481 Preferred stock
T__.$800,000
254,233 Common stock
700,000
Pref.
dlv.
payable
Jan.
2,030
8.14,000
296,242 Com.dlv.,pay.Jan.8(4 k£%)31,500
20,145 Miscellaneous
100,957
1,7441 Profit and loss surplus
Compare V. 84, p. 224. —V. 83, p. 216, 972, 1174.
(The) Moran Co., Shipbuilders,
227,418
Seattle.—Dividends.—The
directors on March 20 declared dividend No. 2, 3 24%, on
the $1,000,000 7% cumulative preferred stock, payable
April 1.
Dividend No. 1, also 334%* was paid in Oct. 1906.
Intelligencer" of March 21 says:
The “Seattle Post
The company
has
on
hand contracts for ten vessels, ranging from
small
tugs to 4,000-ton steamers.
The following are members of the board:
President George H. HIgbee, Vice-Pres. J. V. Paterson, J. T. Lawler and
M. M. Lyter, the local men, and Rodman E. Grlscom, Reading S. Bertron
and Richard S. Storrs of New York.
Charles D. Taylor Is Secretary and
Treasurer.
Compare V. 82, p. 808.
on
National Self-Winding
March 25 said:
competitive bids, and the price paid ($3,000) represents
value of the plant.—V. 83, p. 327.
There
about 25% of the
England Navigation Co.—Purchase.—See Merchants'
& Miners’ Transportation Co. above.-—V. 83, p. 821.
New York & New Jersey Telephone Co.—Dividends of
1/4% Quarterly.—As intimated in the official statement of
Dec. 26 1906 (V. 83, p. 1595), the dividend distributions,
heretofore 1^% quarterly,with an extra dividend of 1%
at the close of the year, making 7% in all, has been changed
to a straight 7% basis by the declaration of a quarterly divi¬
dend of 1%%, payable April 15 to stockholders of record
April 10.—V. 84, p. 452, 224.
Nipe Bay Co.—Operations.—See United Fruit Co. below.
—V. 82, p. 1382.
Nipissing Mines Co.—Extra Dividend Omitted.—The direc¬
tors have declared a quarterly dividend of 3%, payable
April 20, comparing with 3% and 2% extra paid in Jan.
and Oct. last and 3% in July 1906.—V. S4, p. 452, 163.
Old Dominion Steamship Co.—New President.—Herbert
B. Walker, who during his twenty-four years' connection
with the company has risen from office boy to Vice-President
and Traffic Manager, has been elected President and General
Manager to succeed the late W. L. Guillaudeu.—V. 74, p.330.
1090.)
p.
It Is alleged that taxes to the amount
an execution for that amount has been
of $5,672 have accumulated and
granted; also that J. P. Brown
(President of both corporations) in February last confessed judgment for
$27,non against the company in favor of the Western Gas & Investment Co.
of Chicago.
The Western Gas & Investment Co., it is stated, was Incorporated In
South Dakota Jan. 1 1902 with $1,000,000 capital stock (half preferred;
outstanding at last accounts $25,000 pref. and $500,000 common.— Ed.)
and now controls the Madison (Ind.) Light Co.; the Rochester (Minn.) Gas
Co.; the Seymour (Ind.) Gas & Electric Co.; the Baraboo (Wls.) Light Co.
and the Citizens’ Gas Light Co. of Nebraska City, Neb. (also not very long
since
was
operating the Apple River Power Co. and the Stillwater Gas &
Electric Light Co., V. 81, p. 1379.—Ed.)
Compare Madison
above and Seymour Gas & Electric Co. below.—V. 75, p. 1090.
Light Co.
Philippi Colliery Co.—Receiver.—Judge Goff in the United
States Court at Clarksburg, W. Va., on Feb. 26 appointed
A. Thompson, of Philadelphia, is said
S. L. O’Neil receiver.
to be seeking the foreclosure of a mortgage for $318,000.
Quaker Oats Co.—New Directors.—J. R. Nutt, John Stuart
and John P. Welling were recently elected directors in place
of James Parmelee, George A. Cox.and J. G. Schmidlapp.—
V. 84, p. 697,
506.
Seymour (Ind.) Gas & Electric Light Co.—Receivership.—
The Jackson County Loan & Trust Co. has been appointed
receiver.
A special dispatch to the “Indianapolis News” on
March 23 said:
.
plant was under orders to be sold to-day at sheriff’s sale to satisfy
a judgment in favor of the Western Gas & Investment Co. of Chicago (see
that company below), but the holders of the bonds convinced the Court that
in order to protect their interests and the interests of all creditors, a receiver
should be appointed.
The plant was purchased five years ago for $55,000
by Chicago men, who expended $20,000 in improvements and bonded It
for $110,000.
A month ago, when it was levied upon by the sheriff, ap
pralsers appointed by the Court fixed the value at $30,000 (capital stock
The
$75,000).
Southern Illinois Coal Mining & Washing Co.—Called
Bonds.—The American Trust & Savings Bank of Chicago, as
trustee under mortgage dated April 1 1901. announce* that
ten bonds (aggregating $10,000) drawn for redemption at
par
84
,
and interest and numbered 11, 12, 29, 31, 39, 73, 74,
90 and 96, will be paid at the office of the trustee on
April 1.
Southwestern Investment Co. of Hoboken.—Increase in
Capital Stock.—This New Jersey Corporation, a holding
company entirely controlled by the Phelps Dodge & Co.
interests, has filed a certificate of increase of capital stock
from $6,000,000 to $17,000,000, par of shares $100.
The company wras Incorporated at Trenton on March 28 1901 “to operate
railroads and mines, to do a general construction business and to deal In
stocks and bonds, the Incorporators being Charles W. Parsons of New' York.
William W. Carman of Summit, N. J., Ernest G. Ingalls of Hastings-on-
the-Hudson, William J. Hunt of Montclair, N. J., and
Frank Wilson of
Ridgewood, N. J.’’ The Phelps Dodge & Co. properties include the Copper
Oueen Consolidated Mining Co. (V. 79, p. 154), El Paso & Southwestern
RR. (V. 81, p. 210), El Paso & Northeastern, <Src.. 8rc
Standard Beet Sugar Co., Leavitt, Neb.—Not Sold.—This
company’s property was offered at judicial sale at, Fremont,
Neb., on March 19, but there were no bidders and it will
probably be offered again.—V. 83, p. 42.
Standard Milling Co., New York.—Dividends.—The direc¬
tors on March 27 declared a semi-annual dividend of 134%
upon the $6,900,000 5% non-cumulative preferred stock,
payable April 15 to holders of record April 6, thus increasing
the annual rate to 3%, per annum, as against 1% in 1903
and 2% yearly 1904 to 1906 inclusive.
The
subsidiary corporation,
old
the Hecker-Jones-Jewell Milling Co.
semi-annual dividend of 4 % on
(of New Jersey), has declared the regular
its $2,000,000 preferred stogk, payable March 30 to holders of record
March 29.
A company of the same name, incorporated under the laws of
New York with $1,000,000 stock, all of one class, was officially described
to us last week as “the same company,’’ meaning, we understood, a re-
incorporation: but this another official of the Standard Milling Co. declines
to confirm or deny, declining further to give any explanation as to the
relation, present or prospective, of the two concerns.—V. 84, p. 697.
Clock Co.—Sold.—A press dispatch
The assets of the company were sold at auction at Champaign, Ill.,
under the direction of the Court on Saturday.
The property was knocked
down for $3,000 to a committee representing about 90 % of the bondholders.
The purchase Includes the entire plant and all the patents.
were no
New
People's Gas & Electric Light Co. of Xenia, O.—Receiver
Appointed.—The United States Circuit Court at Cincinnati
on March 22 appointed the Union Savings Bank <& Trust ('o.
of Cincinnati as receiver for the company on application
made by a number of creditors and stockholders, who charge
mismanagement, &c., among them Evelyn Bird of Chicago,
holder of $5,000 of an issue of $175,000 bonds.
(V. 75,
Staples Goal Co.—Called Bonds.—Fifteen bonds of 1895
at the New York
will be redeemed at par and interest April 1
office or in Taunton, Mass.—V. 83, p. 1233.
Tamarack Mining
From balance
in
1906
Go.—Report.—For calendar year:
Receipts.
.$1,917,232
2,448,240
1,981,361
Year—
1906
1905
1904
as
-
Expenses.
$1,413,084
2,029,119
1,780,552
above there
Net.
$504,148
419,121
200,809
was
Dividends. BaL.sur.
$300,000 $204,148
300,000
119,121
200,809
spent for construction
$90,518, against $86,414 in 1905 and $161,958
in
1904.—V. 82, p. 1501.
Taylor Grain Co., Topeka, Kansas.—Sale Ordered.—Judge
Topeka on March 18,referee in bank¬
ruptcy, ordered Receiver W. E. Sterne to sell the Gyrator
mills, at private sale, if possible, within one month; other¬
wise to advertise them for sale at auction, the upset price
to be 75% of the appraised value ($125,000).
The United
Milling & Grain Co., apparently, never took over the prop¬
(Compare V. S3, p. 577.)
erty.
Terre Haute (Ind.) Water Works Co.—Listed in Indianap¬
olis.—The “Indianapolis News” of Feb. 19 said:
J. G. Slonecker. at
The $500,000 common stock has been added to the list of the local se¬
The opening bid was 97 14, with an offer of the stock at 99.
curities.
Tn 1906 the company earned $84,675 net and paid out in dividends $30,000.
Dividends are payable in January and July.
(As to bonded debt, &c., see
V. 69. p. 182; V. 68, p. 1026.)
United States Steel Corporation.—Off icial
See page
755.
For other Investment News, see page 755.
Explanation .—
Mae. 30
190?.]
3xrcmuxmts,
Utepocrrts and
LAKE SHORE
THIRTY-SEVENTH
&
ANNUAL
Michigan Southern
herewith submits its report for
the year ended December 31st 1906, with statements show¬
ing the results for the year and the financial condition of the
company.
The report covers the operation of the system, Chicago to
of 1,520.35
miles, as follows:
Leased lines
Total
value of assets
Discount and commissions
$35,000,000
Amount to
Balance
mileage of road
the year, the
December 31st,
The
It has
as
1906, same
been
decreased during the year as
follows:
retirement of $920,000 00 of the
$924,000 00 outstanding Detroit Monroe & Toledo Rail¬
road Company first mortgage bonds which matured
purchase and
920,000 00
funded debt December 31st, 1906..
$135,404,000 00
There were purchased during, the yeaiv 43,954 shares of
the common stock of the Cleveland Cincinnati Chicago & St.
Louis Railway Company, 50,000 shares of the preferred
and 120,000 shares of the common stock of the Chicago
Indiana & Southern Railroad Company, 11,540 shares of
stock of the Hocking Valley Railway Company, 16,922 shares
of stock of the Merchants’ Despatch Transportation Com'abroad
and Company,
71 shares and
of stock
also $7,000,000
of the Jamestown
00 mortgage bonds
Sany
of the Chicago Indiana & Southern Railroad Company.
There were sold during the year 50,000 shares of stock
of the Indiana Illinois & Iowa Railroad Companv and $29,000 00 par value of bonds of the Pittsburgh Chartiers <fc
August 1st,
1906
Total
SUMMARY OF
Railroad Company.
FINANCIAL OPERATIONS 1905.
AFFECTING
1,520.35 miles
operated.
Earnings from Operation.
..$29,762,197
From freight ....
From passengers
From express
From mails
From rents
From miscellaneous
11
94
+1,039,764
+70,692
60
+1,447
29
95
+54,020
+5,101 04
1.30%)68
$38,600,809
70
+$3,943,568
(62.76%)
8,715,702 74 7,675,937 80
1,102,750 25 1,032,057 65
2,287,254 04 2,285,806 75
594,623 99 - 540,603 04
81,850 25
76,749 21
$42,544,378
38
(64.06 %)
Totals
Expenses of Operation.
Maintenance of way and
structures
Maintenance of equipment.
equipment
+
49
1,201,877 42
(additions)
$32,675,801 15
$9,868,577 23
Total expenses..
Net earnings
Other Income.
Interest and dividends on
stocks and bonds owned.
Interest on loans and de¬
debt
Rentals of leased lines..
Interest on loans
i
Dividends on guaranteed
stock
Other
88,797 29
+
following amounts were
ADDITIONAL
FOR
Locomotives
PURCHASED.
-
-
Freight cars
Other rolling stock..
+$490,048 02
$3,280,164 50
+
144,794 22
$4,153,505 36
$3,518,663 12
+
634.842 24
+
W. H.
53,350 00
.438.639 71
53,350 00
1,050,000 00
$7,535,470 51
$6,320,000 00
+
$6,486,612 08
4,946,650 00
$4,467 964 83
3,957,320 00
+ $2,018
,539,962 08
$510,644 83
+
144,573 1 7
76,741 21
+
88,261 14
+
+
CAPITAL
Number of
Number of
388,639 71
$1,215,470 51
+
I ssue.
1 897
1903
and outstanding
authorized
1906
Amount issued
Amount of
1997
Sept. 1
May 1
1928
1931
now
Authorized Issue.
50,000,000 00
50,000,000 00
•
•
ASSUMED
BY THIS COMPANY.
$4,000 00
$924,000 00
•
400,000 00
Rate of
Interest.
3
%
4
%
4
%
and
Outstanding.
$50,000,000 00
50,000,000 00
35,000,000.00
$50,000,000 00
ROADS
BONDS OF OTHER
Aug. 1 1906
1876
Jan. 1 1940
1890
Issued—Guaranteed ten per cent
Total par value Issued
Total par value
Par value per share
$1,029,317 25
Maturity.
Issued—Common
shares
shares
outstanding
989,330 00
June 1
STOCK.
Total number of shares
Number of shares authorized
647 25
Date of
NEWMAN,
President.
-4-$605,516 42
$4,428,292 45
1,450,186 00
165,002 35
$284,200
172,000 00
00
78
116,078
629,598 64
$1,201,877 42
******
$3,234,117 76
$3,822,776 03
1,305,612 83
Datefof
Bond—
EQUIPMENT
-
FUNDED DEBT.
Class of
year’s income.
charged to the
expended for new equipment,
addition to renewals and
tracks, etc., in
structures,
Passenger cars
238,498 62
SI
The
new
+$2,599,275 52
$7,269,301 71
383,292 84
1
.
09
1,083,776 31
+
$14,022,082 59 $10,787,964 83
.
Passenger cars
$953,020 48
+ 898,769
96
against Income, as
42
$5,423,723 38
Total
Included in the charges against income for new construc¬
tion are additional heavy expenditures to continue the work
of increasing the efficiency of present stuctures in connection
with the four-tracking of the main line.
The expenditures
for additional ears and engines have further decreased the
charges for foreign equipment and furnished better facilities
for taking care of the heavy tonnage handled.
The income from investments for the year was $4,153,505 36, an increase of $634,842 24, due to additional revenue
from dividends on stocks owned or acquired during the year
and to interest received on sundry loans, &e.
The first charges show an increase of $1,215,470 51.
This is due to interest on additional Gold Bonds sold during
the current year and to increased payments on account of
leased lines.
The following amounts were charged to cost of road and
equipment account for additional new equipment.
Locomotives
$683,261
422,327 3823
Freight cars
6 377,590
rolling stock
76
16,820 63
$7,500,000 00
+$3,024,363 17
+478,825 55
3,360,772 98 —2,158,895 56
$31,331,507 99 +$1.344,293 16
$3,770,212 52
posits
First Charges.
Interest on funded
!
( +
$5,322,562 97 $4,369,542
4,944,965 20
5,843,734 29
Conducting transportation. 15,376,192 50
14,292,416 19
General expenses
709,588 01
620,790 72
Totals
$27,252,077 77 $24,227,714 60
New construction (addition
3,743,020 41
betterments)
4,221,845 96
New
(—),
+$2,772,541 86
$26,989,655 25
amounted to $4,066,478
year
construction and charged against
page, the sum of
$1.221,845
additional equipment and charged
shown on another page, the sum of
1,201,877
INCOME.
(+ )
Decrease
of
principally
and
of
Income, ns shown on another
There was expended for
or
1,520.35
miles
operated.
$42,544,378 38, an in¬
this heading.
There was expended for new
Increase
1906.
earnings for year were
53, an increase of
The operating expenses for the year amounted to $27,252,077 77, an increase of $3,024,363 17.
Maintenance of way and structures increased $953,020 48.
This increase is mainly due to the operation of additional
third and fourth tracks, sidings and signal system, re-laying
tracks with heavier rails, additional ballasting and increased
number of cross-ties renewed.
Maintenance and renewals of equipment increased $898,769 09, principally due to the increase in freight car mileage
and the large increase in this class of equipment in service.
Conducting transportation increased $1,083,776 31. With
the exception of car mileage and hire of equipment, which
showed a decrease as compared with last year, there was a
general increase distributed among the various items under
& Franklin
Youghiogheny
$17,298,529 32
December 31 1906
$131,261 88.
$50,000,000 00
funded debt outstanding on December 31st, 1905, was.$101,324,000 00
been increased during the year ended December 31st,
1906,
follows:
By the Issue and sale of $35,000,000 00 4 % gold bonds of
being a part of an authorized Issue of $50,000,000 00
35,000.000 00
$136,324,000 00
It has
By the
December 31 1905.
of
for the
capital stock during
and outstanding
1906, being.
profit and loss
1.360.405 95
$179,556 13
17,118,973 19
$3,943,568 68 as compared with last year.
The freight earnings were $29,762,197 11, an increase
$2,772,541 86. This increase is accounted for
by heavy movements of bituminous coal, coke
ore.
Passenger earnings were $8,715,702 74, an increase
$1,039,764 94.
The earnings from mail, express, rents and miscellaneous
during the year.
There was no change In
amount authorized
the credit of
The gross
crease
operated
A statement showing in detail tlie miles of road and track
operated will be found upon another page. [See pamphlet.]
changes in the
and reduction In
$485,405 95
account sale of
00 25-year 4 % gold bonds of 1906 875,000 00
uncollectible charges
Sundry
878.63
224.13
- 417.59
1.520.35
Proprietary lines
$1,539,962 08
From the surplus for the year
There should be deducted—
Miles.
Main line.-.
There were no
ENDED DECEMBER 31 1906.
REPORT—FOR THE YEAR
Railway Company
The Board of Directors
Buffalo, a total
COMPANY.
SOUTHERN RAILWAY
MICHIGAN
Lake Shore &
Stockholders oj The
To the
753
CHRONICLE
THE
•
•
•
•
400,000 00
%
7
•
•
.
•
5
•
%
.494,665
5,335
500,000
500.000
00
$50,000,000
$50,000,000
$100 00
00
Payable on
First Days
of—
December and June.
March and September.
November and May.
February and August.
January and July iu*1
754
THE CHRONICLE.
[VOL.
CONDENSED GENERAL BALANCE SHEET. DECEMBER 31
1906.
ASSETS.
Cost of road and
Cost of road
Cost of equipment
LIABILITIES.
equipment—
Capital stock—
Common
Guaranteed
$66,700,000 00
24,800,000 00
$49,466,500 00
533,500 0
$91,500.000 00
Securities owned—
Stoeks In sundry companies
Bonds of sundry companies
$84,552,511 08
8,194 655 24
Other property—
Real estate not used In operation of the road
Advances for lessor and other companies—
Jamestown & Franklin Railroad Company..
Lake Erie Alliance & Wheeling' Railroad Co.
Franklin & Clearfield Railroad Company
Sundry other companies
92,747.166 32
438,661 50
$607,917
728,819
3,477,796
3,596,869
59
98
08
52
4,358,526 77
$4,938,938
1,358,130
6,833,688
482,943
583,611
4,026,144
Remittances In transit
Loans and bills receivable
Traffic balances receivable
Station agents and conductors
Sundry accounts collectible
$50,000,000 00
50,000,000 00
35,000,000 00
Bonds of other roads assumed by this company—
Detroit Monroe & Toledo first mort. bonds._
$4,000 00
Kalamazoo & White Pigeon first mort. bonds
400,000 00
84
48
67
83
21
27
*
Capitalization
Current liabilities—
Audited pay rolls
Audited vouchers
Loans and bills payable
Traffic balances payable
*
$185,404,000 00
$1,484,086 77
4,053,463 30
1,206,000 00
93,305
1,195,241
2,967,990
54,152
288,288
Interest and rentals accrued
18,223,457 30
Dividends payable January 29 1907
Dividends and Interest unclaimed
Sundry accounts payable
,
61
51
00
78
73
11,342,528 70
o
Accounts with lessor companies—
Mahoning Coal Railroad Company
Profit and loss
1,634,157 04
17,298,529 32
"
$215,679,215 06
$215,679,215 06
FIRST CHARGES.
DESCRIPTION OF FREIGHT MOVED.
Interest on bonds—
Interest 3 }A% per annum on Gold mort. bonds.$1,750,000
00
Interest 4% per annum on Gold bonds of 1903.. 2,000,000 00
Interest 4 % per annum on Gold bonds of 1906..
620,562 45
Interest 7 % per annum on Detroit Monroe
Toledo mortgage bonds
Interest 5 % per annum on
Kalamazoo
White Pigeon mortgage bonds
Hay
20,000 00
Dividend 10% guaranteed on 5,335 shares L. S. & M. S.
Ry.
stock
Rental of leased lines
$56,244
27,152
552,250
552,181
202,544
48,266
Pennsylvania
Ohio
Michigan
Indiana
Illinois
on
$4,428,292 45
53,350 00
1,450,186 00
10
79
48
34
charges
41
59
DIVIDENDS.
Payable July 28 1906, 4%
Total
on
on
494,665 shares of capital stock._$1,978,660 00
494,665 shares of capital stock.. 2,967,990 00
10%
$4,946,650 00
STOCKS AND BONDS OWNED OR ACQUIRED UNDER LEASE.
-
No. of
'
Stocks—
Shares.
Battle Creek & Sturgis Railway Co
825
Central Trunk Railway Co
238
Chicago Indiana & Southern Railroad Co., pref._ 50,000
Chicago Indiana & Southern Railroad Co
120,000
Cleveland Cincinnati Chicago & St. Louis Ry. Co.231,481
Detroit & Chicago Railroad Co
10,000
Detroit Monroe & Toledo Railroad Co
4,141
Detroit Toledo & Milwaukee Railroad Co
7,500
East Chicago Belt Railroad Co
1,000
Elkhart & Western Railroad Co.
4.598
Franklin & Clearfield Railroad Co
5,550
Hocking Valley Railway Co
11,540
Indiana Harbor Railroad Co. (Illinois)
5,000
Jackson Coal Railroad Co
L
680
Jamestown & Franklin Railroad Co
11,738
Kalamazoo & White Pigeon Railroad Co
2,309
Lake Erie Alliance & Wheeling Railroad Co.l
50,000
Lake Erie Alliance & Wheeling Coal Co
j
Lake Erie & Pittsburgh Railway Co
100
Lake Erie & Western Railroad Co. preferred
59,300
Lake Erie & Western Railroad Co
59,400
Lake Shore & Michigan Southern
39
Railway Co
Lansing Transit Railway Co
10
Lehigh Valley Railroad Co
.114,000
Mahoning Coal Railroad Co., preferred
Mahoning Coai Railroad Co
I
Total par value.
$82,500 00
11,900 00
5,000,000 00
12,000,000 00
23,148,100 00
1,000,000 00
414,100 00
750,000 0/)
100,000 00
229,900 00
555,000 00
1,154,000 00
500,000
34,000
586.900
230,900
5,000,000
5,700,000 00
399,500 00
865,900 00
500 00
00
00
00
00
00
00
00
00
00
2,267,900
2,503,000
6,275,000
6,240,000
598,500
5,000., 100
6,065,000
14,265,000
10,002,500
300,000
40,000
10,000
500,000
Sturgis Goshen & St. Louis Railroad Co
Swan Creek Railway Co...
Taylor Street Warehouse Co
Terminal Railway of Bullalo
400
100
5,000
00
00
00
00
Chicago Indiana & Southern Railroad Co.
First
Total amount held.
$7,000,000 00
200.000 00
298,000 00
500,000 00
500,000 00
Total par value of bonds
$8,498,000 00
Grand total par value stocks and bonds
532,122
175,199
523,375
129,509
95,709
60,671
11.618
47,630
55,016
53,775
1906.
Tons of freight earning revenue
Tons of company freight
Total number of tons carried.
33,835,932
3,567,143
Naval
stores
Iron, pig and bloom
Iron and steel rails
Other castings and machinery.
Bar and sheet metal
Cement, brick and lime
Agricultural Implements.
Wagons, carriages .tools, &c__
Wines, liquors and beers
Household goods and furniture
Other articles...
M iscellaneous—
Other commodities
not
+ 8,747
+ 45,690
+ 20,404
—4,609
+ 1,353
—1,840
+ 11,726
+ 23,203
1,021,603
8,285,810
1,337,355
5,429,498
3,028,989
145,541
1,034,859
4,919,489
4,795,173
129,082
—1,766,184
+ 16,459
842,440
224,273
691,242
173,915
+ 151 ,198
+ 50,358
541.285
105,842
2,356
872,949
316,927
572,427
117,171
4,090
710,134
234,001
811,218
31 ,142
—11,329
1,734
+ 162,815
+ 82,926
+ 227,295
+ 124,992
+ 235,391
+ 20,443
+ 29,996
+ 12,136
+ 14,357
tWo ,430
1,217,820
6,970,313
—196,217
+ 1,315,497
+ 302,496
+ 510,009
1,038,513
1,254,701
—
—
1,129,709
1,133,993
126,745
113,977
118,143
76,515
2,318,361
898,602
898,302
83,981
106,007
62,158
1,982,931
1,041,644
1,279,961
33,835,932
32,314,514
—238,317
+
1,521,41 8
PASSENGERS CARRIED AND TICKET MILEAGE.
Interline passengers.
Local passengers.
lncreasc{ +)
or
1906.
1905.
985,968
6,209,774
859,955
5,685,661
4-126.013
4-524.113
7,195,742
422,413,859
6,545,616
369.901,000
4-650,126
4-52,512.859
Decrease (—)
Total number of passengers
carried
Passengers carried
one
mile....
\IN MILEAGE.
Freight trains
T.
Passenger trains, exclusive of
straight mail & express trains5
Mall & express trains exclusive.
Mixed trains
Work trains.
.
8,665,574
7,SO1,449
+774,125
7,026,576
6,627,805
870,417
335,604
649,754
529,219
339,877
512,666
+ 398,771
+ 341 ,198
17,547,925
15,901,016
4-1.646,909
8,290,445
7,077,778
1,378,566
10,531.247
7,587,790
6,468.379
1,154,072
4-817,123
4-702,655
4-609,399
4-224,494
28,095,159
25,741,488.
4-2,353,671
—4,273
+ 137,OSS
ENGINE MILEAGE.
Freight engines
11,348,370
Passenger engines
Switching engines
Work engines
Total engine mileage
1905.
32,314,514
2,866,560
CAR MILEAGE.
Loaded freight cars
caboose
35,181,074
car
Increase.
ears (including
mileage)
1,521,418
700,583
.
2,222,001
.
5,621,502,883 5,099,918,804
521,584,079
Miles of road, Including track¬
vice
Miles of road. Including track¬
age, operated in passenger
service
car¬
age,
325,647,852
282,920,839
42,727,013
Total number of tons carried
one mile
5,947,150,735
5,382.839,643
564,311,092
277,026,585
256.535,775
4-20.490,810
112,749,857
98.810,236
4-13,939,621
389,776.442
8,356.074
355,346,011
47.645,025
8,599.502
+ 34,430,431
+ 4,712,661
450,490,202
411,590.538
+38,899,664
1,520.35
1,520.35
1,520.35
1,520.35
52,357,686
cars.
mile (revenue
freight)
+40,671
+ 1,729
—2,147
+ 5,465
+ 23,985
pre¬
viously mentioned
Work
37,403,075
+ 5,016
+ 13,345
+ 11,805
459,450
342,153
180,376
14,593
38,958
264.318
120,564
Manufactu res—
Petroleum and other oils..'
Sugar
Empty freight
FREIGHT CARRIED AND TON MILEAGE.
1,886,214
Inc. (+) or
Dec. (—).
Tons.
$132,213,100 00
The above securities are carried on the books of the
company at a total
value of $92,747,166 32.
one
Products of forest—
Lumber
Other articles
mortgage..
Elkhart & Western Railroad Co. First mortgage
Jamestown & Franklin Railroad Co. First mortgage
Jamestown & Franklin Railroad Co. Second
mortgage
Terminal Railway of Bullalo First mortgage
Tons of company freight
ried one mile
1,891,230
472,795
353,958
191,047
16,322
36,81 1
269,783
144,549
$123,715,100 00
Bonds—
Tons carried
articles
Products of mines—
Anthracite coal
Bituminous coal
Coke
Ores
Stone, sand and other like articles
Other articles
Total traiu mileage
Total par value stocks
1905.
Tons.
56.062
12,971
45,790
66,742
76,978
3,900 00
1,000 00
121,300
285,300
200,050
3,000
Reading Company
00
00
00
00
00
Other
1906.
Tons.
116,113
Dairy products
10,000 00
5,930,000 00
5,940,000 00
Mahoning State Line Railroad Co
10
Merchants’ Despatch Transportation Co
22,679
New York Chicago <Sc St. Louis RR. Co.. 1st
pref. 25,030
New York Chicago & St. Louis RR. Co. 2d pref..
Gl2,750
New York Chicago & St. Louis Railroad Co
62,400
Northern Central Michigan Railroad Co
5,985
Pittsburgh & Lake Erie Railroad Co
100,000
1st preferred
Reading Company 2d preferred
Products of animals—
Live stock
Dressed meats
Other packing-house products.
Total
7,990
17,318
Reading Company
Fruits and vegetables
Other articles
game and fish
Wool
Hides and leather. J
$7,535,470 51
Payable Jan. 29 1907, 0%
Tobacco
Cotton
Poultry,
1,438,639 71
165,002 35
loans and bills payable
Total first
Products of Agriculture—
Grain
Flour
Other mill products
37,730 00
Taxes—
New York..
135,000,000 00
404,000 00
'8,411,403 17
Cash charged Treasurer
$50,000 000 00
Funded debt—
Gold mortgage bonds
Gold bonds of 1903
Gold bonds of 1906
Total
Fuel and supplies
Current assets—
Interest
LXXXVI.
operated In freight
—243,428
ser¬
■
I A
Mar. 30
755
THE CHRONICLE
1907.]
LOCOMOTIVES.
FREIGHT RESULTS.
263
1905.
171
334
234
821
739
38,329
38,943
Cents.
4.73
7.64
1.57
11.39
.68
Cents.
.24
.38
.2 5
.34
26.63
25.98
14.75
15.23
1906.
( + ) or
Decrease I—).
Increase
1905.
1906.
Earnings from transporta¬
Switching locomotives
+$2,751,869 96
Earnings from miscellane¬
:
473,961 80
453,289 90
+20,671 90
ous sources
Total freight earnings...$29.762,197 11 $26,989,655 25 +$2,772,541-86
tion
$29,288,235 31 $26,536,365 35
$17,752 26
3,911,698
3,540,527
Repairs
Round-house labor
Fuel
624.5
619.6
Water supply
+
371,171
i
+ 4.9
+ 0.4
19.9
20.3
21.5
21.0
+ 0.5
159.0
153.0
+ 6.0
30.8
31.2
—0.4
12.5
12.0
+ 0.5
43.3
43.2
+
loaded
per
0.1
PASSENGER RESULTS.
1906.
Earnings from passengers.
Other passenger train earnings
From miscellaneous sources
$8,560,805 96
Total passenger earnings
Earnings from mail and
$8,715,702 74
mile
Earnings per
$3,317,864 40
+ $72,139 89
$1.1897
$1.1500
+ $0.0397
r—t
$1.47
277.840
243,300
6.36
6.36
57.38
53.09
train mile
train mile
Average number of miles
35
+ 34.540
+ 2.19
S ACCOR DIN G TO STATES.
Miles.
69,50
Pennsylvania
Ohio
Michigan
Indiana
Illinois
102.49
469.75
606.10
258.49
14.02
1,520.35
run
per ton
of coal..
Third
Track.
60.05
Second
Track.
67.84
43.1*6
262.06
43.63
32.89
64 .,85
49.68
“
~
j7
7.93
14.88
0.54
534.66
183.95
1 53.
Fourth
Track.
34.46
Sid in as.
94.12
75.58
524.53
Total.
325.97
298.55
0.52
206.81
73.85
1 ,370.87
741.60
638.46
96.56
122.66
1,110.39
3,472.01
135.50
“
5.1 \
4.98
7.46
1.57
10.70
.68
FUEL CONSUMED.
1,678,036
03
Coal—number of tons...
Average price per ton
SI
66
CARS IN
PASSENGER SERVICE.
115
52
23
58
23
6
11
Horse cars
Officers’ and pay cars
Total seating capacity of revenue passenger cars
Cost of repairs (excluding renewals) per passenger
mile
CARS IN FREIGHT
car
6
11
614
519
22,497
18,842
1.053c.
1. 056c
Total
SERVICE.
12,472
15,042
Box cars—,
Stock cars
Flat cars
Gondola cars, drop bottom
Gondola cars, hopper bottom,
Gondola cars, plain composite
Coal and ore cars, side dump
Coke cars
steel
438
509
3,091
7,409
6,929
2,745
6,262
1
1
184
766
360
,078
419
freight cars (tons)
repairs (excluding renewals) per freight car mile.
Average capacity of
Ballast cars, steel
Ballast cars, wood
Derrick cars
Steam shovels
Pile drivers.
Snow plows
Tool and other work cars
5,000
,000
180
35,586
28,298
,306,088
986,38 8
37.14
0.533c.
35.30
0.348c.
_•
COMPANY’S SERVICI
80
184
SO
584
19
12
4
753
19
9
4
16
640
,4GS
952
37,668
29,769
16
...
1
Total
Total cars,
47
45
4
51
4
159
Combination cars.
Emigrant cars.
1 ?aggage cars
Postal cars
<
'
Dining and bullet cars.
Cost of
216
240
62
Passenger cars
Smoking cars
Total
63
$2,755.116 55
10
CARS IN
+ 4.29
56.51
58.70
carried —
+ $731
$7,231 10
$7,962 45
Average number of passen¬
State.
New York
Total cents
Caboose cars
Density of passenger traffic
(!. c. passengers carried
one mile per mile of road)
Average number of passen¬
passenger
cts.
+ $0.08
$1 .10
CO
$1.47
express
one
— -0.008
2.035 cts.
2.027 cts.
operated
in passenger
service, trackage includ¬
ed:
including mall and
per
$7,675,937 80 +$1,039,764 94
3.390,004 29
train mile ex¬
cluding mail and express
Earnings per train mile, in¬
cluding mall and express
Earnings per mile of road
gers
+ 6,021 28
+ 396 25
144,385 90
4,093 35
4,489 60
Earnings per passenger.. .
Earnings per passenger per
ger cars per
$7,527,458 55 +$1,033,347 41
150.407 IS
...
Increase (+) or
Decrease (—)
1905.
supplies
+ 6.8
653.9
CC0.7
number of miles
express
Lubricating oil and waste.
Other
Miles
train mile
Average number of empty
cars per train mile.
Average number of freight
cars per train mile
cars
locomotive in service.
COST PER MILE RUN.
+ $1,823 63
$19,575 89
revenue-earning freight
carried per ton mile
Average number of tons of
all
freight
(including
company’s) carried per
train mile)
Average number of revenue
tons per loaded car mlle.
Average number of all tons
per loaded car mile
one ton carried
Average number of
Average miles run per
Enginemen
mile per mile of road)..
Average number of tons of
Average
Total
+ 4.5 cts.
+ 0.001 cts.
+ $0 03
82.1 cts.
0.520 cts.
$3 22
86.6 cts.
0.521 cts.
$3 25
Earnings per ton
Earnings per toh per mile..
Earnings per train mile
Earnings per mile of road
operated in freight ser¬
vice—trackage Included _
Density of freight traffic
(t. e. tons carried one
1 68
390
Passenger locomotives
Freight locomotives
all classes
FLOATING EQUIPMENT.
Tugs, dredges, scows,
naphtha launch
paid dividends a t
quarterly Jan. 1,
Aprill, July l .and Oct . l,and an extra 1% both in January
and July; par value of shares, $100; outstanding bonds,
United Copper Co., New York.—Stock Now on Regular
$1,625,000, 4%, due Feb. 1 1940.—V. 79, p. 217.
7% Basis.—The directors, having set aside the entire amount
United Milling & Grain Co.—See Taylor Grain Co. above.
necessary for dividends on the preferred stock during 1907
—V. S3, p. 577.
(viz., $500.000), have declared from the profits a regular
United Sheet & Tin Plate Co.—Sale April 30.—The Com¬
quarterly dividend of 1 $4c/c on the common stock (viz.. mon Pleas Court of Washington County, it is stated, has
$787,500), payable April 29 1907 to stockholders of record
fixed April 30 as the date for the sale of the assets of the
April 16 1907. The common stock received in January last
The “Ohio State Journal” says:
a quarterly dividend of 1 ^2% and
)q% extra, and in 1906 property.
The Marietta plant has beeu appraised at $62,000, the Ncwcomerstown
four dividends, each >114% and U£% extra, the aggre¬ plant at $32,000 and the coal and other lands at a price which brings the
valuation up to above $100,000.—V. 83, p. 1541.
gate amount of the dividend just declared being, therefore,
United States Finishing Co.—Earnings.—The net earn¬
the same as in the five preceding quarters, the only difference
being that the rate of the “regular” distribution has been ings for the calendar year 1906 were $649,803, comparing
with $587,800 for the year 1905.
increased to 7%.—V. 84, p. 577, 448.
The directors on March
United Fruit Co.—Official Statement.—President Preston 21 declared dividend No.- 31 of 1%% 011 the preferred stock,
payable April 1 1907 to holders of record March 21. The
was on March 4 quoted by the “Boston Financial News”:
amount of
dividend is $45,500. —
84,
343.
Tulsa
(Ind. Ter.) Water, Light,
Favorable Decision.—See “Tulsa” in
ment” V. S-l p. 590.—P- 327.
Heat & Power Co.—
“State and City Depart¬
for a very favor¬
and size. During
bunches. The bulk of the crop
earthquake in Ja¬
although the city of Kingston
fruit from Costa Rica
will predominate more heavily, the fruit being larger and the bunches
As to price, the outlook Is satisfactory while at the same time no
bigger.
one can tell anything about this.
The sugar business Is especially promising.
The plants of the company
at Banes, Cuba, are starting to grind the cane, which this year Is of very
The banana season Is just beginning and the outlook Is
able one.
The crop Is a good one both as regards quality
the year we expect an output of 36,000,000
will come from Jamaica and Costa Rica.
The recent
maica In no way damaged the plantations,
shows it was hit pretty hard.
As to money value, the
good quality.
The Nlpe Bay Co. (compare
V. 82, p. 1382) Is just beginning to be a
It has been grinding for about two weeks and Is
turning out 1,000 bags of raw sugar a day.
The grinding season con¬
tinues up to the first of September.
We expect that in this period the
Nlpe Bay property will turn out about 275,000 bags; that Is to say, if nothing
happens.
Excessive rainfall would, of course, cut down the output, as the
cane could not be hauled to the mill.
While the prices for sugar are low,
being 2
cents for this raw product, which Is sold to the rctineries, the
Nlpe Bay plants have the most modern machinery,and we are therefore
able to turn out the product in a most economical manner and at a good
profit.
The output Is sold the world over.
The bags sell on an average
producing proposition.
now
at about $8
each.—V. 84, p. 630.
their holdings.
The company has recently
the rate of 8% per annum, namely, 13+%
V.
this
p.
512,
United States Steel Corporation.—Explanation—Descrip¬
tion of Ore Lease.—In our issue of Oct. 6
we
a statement regarding the Great Northern ore
1906
published
lease, received
in typewritten form from the company’s office, in which ap¬
peared the words: “The lease is perpetual until the ore is
exhausted.”
This sentence,it was
learned from the recent
should have been qualified,
of the
correction
this effect
annual report of the company,
the contract being, in fact, terminable, at the option
Steel Company, on Jan. 1 1915. A
to
was made
in our news columns last week, but
first statement had purported to come to us from
E. H. Gary, the Chairman of the
as
the
Judge
United States Steel Cor¬
poration, we wrote asking whether he would care to set our
record right regarding the' misuse of his name in this con¬
Judge Gary replies as follows:
beg to acknowledge receipt of your
nection.
letter of the 28th
agreement for a lease of the Hill
$500,000 new capital stock, bringing the total capitalization ore
properties
was
signed
by Mr. Hill and myself I dictated
to $1,500,000, all of one class.
It is probable that the new
announcement for the newspapers and then left my office
shares will be offered to stockholders at par in proportion to
United Illuminating Co.
—The stockholders have
of New Haven, Conn.—New Stock.
voted to authorize the issue of
“I
instant.
“In 'October after the
an
day. The statement did not include the sentence
refer to nor anything concerning the duration of the
This was given to several newspapers as dictated.
lease.
Before it was received by some of the. newspapers inquiry
was made by a reporter concerning the duration of the lease,
and one of the attorneys who had been employed in the prep¬
aration of the agreement and who was in my office at the
time suggested the sentence which was then included, and
the statement as amended was given to the reporters who
subsequently called. I had no knowledge in regard to the
amendment until last Monday, when my attention was
directed to it by a representative of the ‘New York Evening
Post.’
I am informed the attorney supposed the inquiry
related to tlie question as to whether or not the lease would
be a term lease of, say, 25, 30 or 50 years, like most, if not
all, of the ore leases in existence, or whether it would enable
the lessee to hold the property until the ore was exhausted.
Of course, he had no intention to create any wrong impres¬
sion.
I assure you I regret the circumstances exceedingly.
“The reference in the annual report accords with the
written agreement for a lease.”—V. 84, p. 630, 631,624.
Washington (Pa.) County Coal Co.—Receivership.—The
Washington County Court has appointed N. B. Sanford of
Pittsburgh temporary receiver. The company’s embarrass¬
ment was due to the closing of the New' Castle Savings &
Trust Co.—V. 84, p. 395; V. 81, p. 851.
Western
Gas & Investment Co.—Receivership.—See
People’s Gas & Electric Co. of Xenia, Ohio; Madison (Ind.)
Light Co. and Seymour (Ind.) Gas & Electric Light Co.
©mmuevnai
foe the
you
above.—V. 80, p. 1739.
—In an advertisement appearing to-day opposite our
weekly clearings statement page, the banking house of
Kountze Brothers, corner of Broadway and Cedar Street,
offer buyers a selected list of securities for conservative in¬
vestment.
This offering consists of railroad notes, equip¬
ment trusts, railroad bonds, public service bonds and munici¬
pal bonds at attractive prices, to yield investors a good re¬
turn.
See the advertisement for full particulars.
Mr. Wil¬
bur F. Baker is manager of the bond department.
—The Corporation Publishing Co. of Boston has pub¬
lished the first edition of a work by John F. .1. Mulhall, P. A.,
on
“Quasi-Public Corporation Accounting.” The work
states briefly the books, forms and methods necessary for the
proper
fVOL. LXXXIV.
THE CHRONICLE
756
organization and management of
quasi-public cor¬
porations and the recording of all the essential details of
revenue, operation, maintenance and construction in addi¬
tion to statements as to profit and loss and assets and lia¬
bilities.
The corporations covered are water, gas, electriclight and steam-heating plants, telephone companies and
■electric railways.
The book is bound in cloth and is printed
iu large, clear type and plcntifull yillustrated.
—The New' York firm of Herbert II. Knox & Co., formed
at the death of Mr. Wm. C. Ashwell, expires by limitation on
April 1, being succeeded by Knox, Wallace & Co., composed
of Herbert H. Knox. Walter T. Wallace and Samuel Sloan.
Mr. Knox is the surviving partner of Ashwell & Co., Walter
T. Wallace is the son of (diaries K. Wallace, formerly a
prominent warehouseman of this port, and a nephew of
James P. Wallace.
The other firm member, Samuel Sloan,
was for many years connected with
and C. I. Hudson & Co.
The new
Charles C. Edev & Sons
^irncs.
COMMERCIAL EPITOME.
Friday Night, March 29 1907.
Favored by more seasonable weather trade has increased
rather than diminished, notwithstanding some further set¬
back at the Stock Exchange.
Mercantile prices are generally
firm and collections, although not as good as could be de¬
sired, show some signs of improvement. Manufactures are
still decidedly active.
Speculation remains quiet.
LARD on the spot has been dull with slight changes in
prices. Small sales have been made of late at 8%c. for City
and 9@93^c. for Western.
Refined lard has been easier
with trade stagnant.
Refined Continent 9.45c., South
America 10.25c. and Brazil in kegs 11.25c.
The market for
lard futures at the West has been irregular.
There has been
extensive liquidation at times with a lack of support.
Of
late, however, the tone has been rather firm, owing to smaller
receipts of live hogs, covering of shorts and lighter offerings.
Packers have bought to some extent.
The dulness of the
spot trade has discouraged commission-house buying.
DAILY CLOSING
PRICES OF LARD FUTURES IN CHICAGO .
Mon.
Thurs.
Fri.
Sat.
Tues.
Wed.
May delivery
July delivery
8.77^
8.87^
September delivery
8.97^
PORK
on
the spot has
the demand.
Mess $17
and family $19 50@$20.
8.60
8.70
8.75
8.70
8.80
8.90
been steady
8.90
9.00
8.00
9.00
Holl-
day.
9.07 ^ 9.12^
with some increase in
75@$18 50, clear $17 75@,$19 50
Cut meats have been quiet and
steady. Supplies are moderate. Pickled shoulders 9%c.,
pickled bellies, 14@10 lbs., 10^@ 11c. and pickled hams
12@123^c. Tallow has been steady with trade quiet.
Offerings continue moderate. City 65/8@6%c. Stearines
have been dull with prices nominally easier.
Oleo 9^e. and
Western 10c.
Butter has been moderately active and steady.
Stocks of high grades are small.
Creamery, extras, 30H>@
31c.
Cheese has been in light demand and steady.
State
factory, fancy, 15c. Eggs easier. Trade has been active
but supplies have increased.
Western firsls 17h£@17^c.
OIL.—Cottonseed has been quiet and irregular.
Prime
summer yellow has declined, while winter has advanced.
Prime summer yellow 46c. and prime winter yellow 52@55c.
Linseed has been fairly active and steady.
Increased with¬
drawals on contracts are reported.
City, raw, American
seed. 42@43c.; boiled, 43@44c. and Calcutta seed, raw, 70c.
Lard has been easier with the demand less active.
Prime
76@78e. and No. 1 extra 58@,60e. Olive has been active
and firm with supplies light.
Yellow 85@87J^c. and green
70 @ 78c.
Cocoa nut has been fairly active and steady.
Cochin 10%c. and Ceylon 10c.
Peanut has been in moderate
demand and steady; yellow 50@60c.
Cod fairly active and
steady. Domestic 38@40e. and Newfoundland. 40@42c.
COFFEE on the spot has been dull and easy, owing to a
weaker market for futures.
Rio No. 7, 7c., and Santos
No. 4, 8Ls@8%c.
West India growths have been quiet
and steady.
Fair to good Cucuta, 8^@9J^c. The mar¬
ket for future contracts has declined moderately, ow'ing to
long liquidation for local and Wall Street account , large re¬
ceipts at Rio and Santos and unfavorable reports as to the
outcome of the valorization.
Europe has sold to some ex¬
tent, and there has been little disposition to buy, the only
support coming from the covering of shorts.
The closing prices were as follows:
copartnership will carry
on business in the old offices of Ashwell <fc Co., 30 Broad St.
--The firm of Lathrop & Smith, 37 Broad Street, this city,
5.75c. July
5.60c.
5.55c.I November
March
will be dissolved by mutual consent on April 1.
5.55c.| December
5.65c.
Frank M. April
5.75c. Aucust
5.60c. September
5.60c.I January
5.70c.
May
Cronise and Albert A. Johnson have associated themselves
5.55c. October
5.60c.1 February
5.70c.
June
with the firm of Bond & McCauley, 67 Exchange Place.
SUGAR.—Raw has been firmer with some increase in
L. C. Lathrop and Henry Stanley Haskins will form a new
demand.
the
Offerings have been light. Centrifugal,
firm under the name of Lathrop, Haskins A Co., with offices
96-degrees test, 3.58c.; muscovado, 89-degrees test, 3.11c.,
at No. 1 Wall Street, where they will move on or about
and molasses, 89-degrees tept, 2.86c.
Refined has been
April 15. Oscar B. Smith will retire from active business,
moderately
active
and
firm.
Granulated
4.60@4.70c.
but will make his headquarters with Lathrop. Haskins & Co.
Teas in fair jobbing demand and firm.
Spices
moderately
E.
—Leonard
Ware, formerly New York manager for the
active and steady.
Hops quiet and steady.
Boston house of Bond & Goodwin, and William F. Timlow,
Refined barrels
PETROLEUM has been active and firm.
a member of the New York Stock Exchange, have formed
8.20c.,
4.75c.
and
bulk
cases
10.65c.
Naphtha
has been
a
co-partnership under the firm name of Ware & Timlow,
The new concern will make firm and more active; 73@76 degrees, 13c. in 100-gallon
with offices at IS Wall Street.
a specialty of call and time loans on the Exchange.
Henry drums. Gasoline has been more active with prices firm;
86 degrees 21c. in 100-gallon drums.
W. Banks Jr. has associated himself with this firm.
Spirits of turpentine
Peabody, Hough'teling & Co., prominent Chicago in¬ has declined to 75c. The demand has been light and stocks
have increased.
Rosin has been in moderate demand and
vestment bankers and bond dealers, announce that they
firm; common to good strained $4 50.
have leased two floors (2d and 5th) of the new Borland
TOBACCO.—Trade in domestic cigar leaf has been rather
Building, corner of La Salle and Monroe streets, and will
remove their offices there from
present quarters in First quiet, but prices have ruled generally firm, owing to the
smallness of supplies held by most packers and jobbers.
National Bank Building on May 1.
Interest in the new Sumatra crop continues.
Samples have
—The 1907 edition of “The Earning Power of Railroads”
has been issued.
It is a convenient little volume of 337 been received from the first inscription, but little is known
The sales thus far have been
pages, compiled and edited by Floyd W. Mundy of James H. in regard to them as yet.
Oliphant & Co. Price $2. Sold by Metropolitan Advertising smaller than expected, owing to the high prices ruling at the
Co.. 6 Wall Street.
inscriptions. Crop reports from Cuba' are conflicting.
Prospects for the Remedios crop are said to be poor, owing
Frank A. Ferris and Robert D. White, who have been
associated with Messrs. Rhoades & Co., announce the for¬ to insufficient rain, while the outlook for Yuelta Abajo and
Partidois is more favorable.
mation of a partnership under the firm name of Ferris &
COPPER has been quiet and easier; lake 25%@25%c.
White, to deal in high-grade securities, with offices at 43-49
and electrolytic 24%@25^c.
Lead has been quiet and
Exchange Place.
—Graham & Co., Philadelphia, through their representa¬ steady at 6%e.
Spelter has been in moderate demand and
Tin has been dull and easy; Straits
tive, I). G. Rombach, Scranton, Pa., are issuing a neat steady at 6.85@6.90c.
pamphlet containing financial statistics of corporations whose 40%c. Iron has been less active and easy; No. 1 Northern
$23 20@$24 70; No. 2 Southern $22 75@$24.
securities are identified with Scranton and Wilkes-Barre.
-
—
—
Mas. 30
1907.1
757
CHRONICLE.
THE
On
COTTON.
March 29 1907.
THE MOVEMENT OF THE CROP as indicated by our
telegrams from the South to-night is given below. For
the week ending this evening the total reeipts have reached
1 3.702 bales, against 159,389 bales last week and 169,294
bales the previous week, making the total receipts since
the 1st of September 1906, 8,811,473 bales, against 6,645,744
bales for the same period of 1905-06, showing an increase
since Sept. 1 1906 of 2,165,729 bales.
Friday Night,
Mon.
Sat.
Receipts at—
Wed.
14,464
10,558
Great
Britain. France
March 29 at—
Ger¬
Other
many.
Foreign
Leaving
Coast¬
wise.
stock.
Total.
.
New Orleans..
Galveston
9,028
50,686
11,171
44,844
2,500
22,053
15,900
Savannah
Charleston
Mobile
Norfolk
^
21,931
15,643
1,376 65,550
5,814 132.887
700
3,200
217,158
195,916
72,963
275
700
_
2,200
5,500
300
Total 1907..
Total 1906..
Total 1905..
71,714
63,018
60,718
38,253
15,731
14,240
11,809
164,607
718,933
578.869
477,338
4,800
800
68,915
57,122
33.713
39,874
42,063
27,666 246,422
18,805 196.739
18,801
-
New York.
Other ports—
275
7,600
18,801
7,000
11,100
2,600
4,300
3,666
1,500
34,178
17,577
10,337
28.566
27,411 170,260
Total.
Fri.
Thurs.
Tues.
Shipboard, Not Cleared for-
Speculation in cotton for future delivery has been com¬
paratively
quiet, partly owing to the near approach of the
236
Poet Arthur
236
Easter holidays, and prices—mainly because of continued
38,070
Corp. Chrlstl.&c.
3,319
5,192
8,156 10,561
2.830
8,012
New Orleans
492
3,385
607
742
large receipts and some further depression at the Stock Ex¬
881
591
72
Mobile
change—have declined. The speculation has continued to
Pensacola
Jacksonville, Ac.
be very largely what is known as of a professional character,
2,143 12,717
2,314
2,008
2,121
3,056
1,081
Savannah
1,267
1,267
and the large movement*of the crop, especially at the South¬
746
Brunswick
25
32
13
217
171
288
west some weakness in Liverpool ,and a falling off in the spot
Charleston
Georgetown
1,198
309
177
257
143
transactions there,have given prices, a setback,despite some
133
179
767
Wilmington
6,548
689
679
1,790
894
1,729
features in the situation which bulls have regarded as dis¬
Norfolk
378
378
640
Newp't News, Ac
175
127
159
84
tinctly favorable to their interests. For example, the spot
95
New York
420
3,030
531
353
1,096
335
295
markets in this countiy have been as a rule firm, the dry
Boston
1,018
1,018
Baltimore
222
24
58
37
46
goods reports have remained highly favorable, and some
57
Philadelphia
comment is beginning to be made on the continued dry
20,638 136,702
21,903
27,210
27,210
17,002
22,739
Tots, this w’k.
Reports, seemingly semi-official, have
weather in Texas.
been in circulation to the effect that the past winter has been
The following shows the week's total receipts, the total favorable for the hibernation of the boll-weevil, and that
since Sept. 1 1906, and the stocks to-night, compared with there is therefore a prospect that these insects may be abun¬
dant during the coming season.
Latterly, moreover, the
last rear;
financial situation has been such that bears who sold on the
Stock.
recent decline have been more inclined to cover their engage¬
1905-06.
1906-07.
to
ments., especially as the cotton exchanges here and in New
Receipts
Since Sep
This
Since Sep
This
March 29.
1906.
1907.
Orleans had decided to close on Good Friday and the day
1 1905.
week.
1906.
1
week.
following, while the Liverpool Exchange had resolved to
165,449
328,803
35,772 2,265,382
67,247 3,565,411
Galveston
close on March 29, March 80 and April 1.
Still the big re¬
111 ,696
123,764
Port Arthur
31 ,077
1 ,244
236
28,408
ceipts,
the
dulness
and,
it may be
of
outside
speculation,
283,281
CorpusChristi, Ac.
282,717
38,070 2,078,928 36,405 1,356,147
New Orleans
26,526
25,177
added,
some
reports
from
Liverpool
that
Lancashire
spinners
942
204,959
238,170
3,385
Mobile..
128,807
1 .350
are well supplied with cotton, were factors which pressed
123,240
Pensacola
699
15,804
6,871
with more or less telling effect on prices.
So that in spite
Jacksonville, Ac.
55,966
76,163
15,175. 1,244,891
12,717 1,355.261
Savannah
3,087
6,149
161
,061
550
of
rather
heavy
covering
late,
the
net
in quota¬
of
change
153,701
1
,267
Brunswick
20,602
12,084
156,362
484
142,484
746
Attention is be¬
Charleston
tions for the week is in the bear interest.
1,043
1 ,095
Georgetown
5,781)
11,015
709
286,050
1 .198
310,746
ginning to be directed more and more to the outlook for the
Wilmington
31,438
29,138
543,402
4,154
510,726
6,548
Norfolk.
coming crop, particularly as it is a very general belief that
700
167
18,508
34,421
378
Newport News, Ac.
162,661
171,607
another large yield is needed.
3.846
100
Crop preparations thus far
640
15,673
New York
7,621
12,903
175
54,153
64,554
3,030
on the whole seem to be well advanced in not a few sections,
Boston
9,432
7,289
55,960
1
,689
51 ,974
1,018
Baltimore
3,756
1 ,610
421
6,576
particularly in Texas, where, however, according to many
222
6,046
Philadelphia
reports, there was a drought during the winter, and the rain
775,608
965,355
136,702 8,811,473 100,036'6,645,744
Total
thus far this spring has been somewhat scanty, retarding
'
1
1
8,868
10,931
Galveston
67,247
10,264
12,162
......
-----
—
_
—
—
—
•
'
__
r-
,
....
—
-
sgKEamBfit^
.
with other years,
the totals at leading ports for six seasons:
In order that
we
give below
Receipts at
comparison may be made
—
Galveston. Ac.
New Orleans.
Mobile
Savannah
Charleston,Ac
67.4 83
38,0 ;o
37,016
36,405
74,250
15,379
70.289
21 ,159
3,385
942
827
12,717
15,175
74 6
484
709
,755
24,547
4,658
4,236
9,649
Norfolk
1,198
6,548
N'port N., &e.
All others....
378
6,177
Wllmlng’n.Ac
4,154
Since Sept. 1. 8,811 ,473
8
506
152
6,580
167
367
4,984
6,196
3,920
56,125
198,762
6.645.744 7.705,290
31,072;
45,321
1 ,419;
11,982
,235
182
100,036
136,702
Total this \vk.
4
|
1903.
1904.
1905.
1906.
1907.
1902.
21,066
18,652
726
641
6,378
1 .324
1,264;
4,3071
4,910
479
1 Conti-
Great
I
I 62,661 9,081 46,078
Arthur—j
Oorp.Chrlsti,&c;
;
Port
New Orleans..
Mobile
Pensacola
19,19G
106,359;
Strict good
Savannah
j
j
-'-!
Brunswick
Charleston
Wilmington...;
Norfolk
J
Newport News
New York
Boston
Baltimore
t
1.S90
1,708
Barely mid. fair..
1
Philadelphia..
Portland, Me..
San Francisco.1
;
.Seattle
Tacoma
Portland, Ore
Pembina
;
Detroit
Total
Total 1905-06.'
cleared, at
New York.
40,208
8,828
12,373
407
716
407
3,609
1,064
6,000
115,021
2,367
4,420
148,080 35.403
107,524;
66,888' 6.083
32,600
6,470
!
1,668
2,893'
1,064
•
1
!
!
i
j
100
8,895
!
_-.i
91,289 10,749 108.794
30.411 3,482' 51,528
28,059.
26,432
;
157,680
16,454
60.398
2.700
70,321
2,959
9.029!
Middling
Oil this basis the official
the past week would be as
Middling
Middling
Good Middling
Middling Fair
Tota
341,163
123.97S
Thurs.
Tues.
Wed.
9.75
10.50
9.65
10.40
9.70
10.45
9.70
10.45
9.70
10.45
11.00
10.90
11.66
10.95
10.95
10.95
12.40
11.71
12.45
11.71
12.45
11.71
12.45
9.95
10.70
9.95
10.70
Hell-
day.
11.76
12.50
9.90
10.65
9.95
10.70
Middling
Good Middling
Middling Fair
11.25
11.15
11.20
11.20
11.20
12.01
12.75
11.91
12.65
11.96
12.70
11.96
12.70
11.96
12.70
9.00
10.50
10.54
11.00
8.90
10.40
10.44
10.90
8.95
10.45
10.49
10.95
8.95
10.45
10.49
10.95
8.95
10.45
10.49
STAINED.
Middling
Middling
Strict. Low Mid. Tinged._
Good Middling Tinged
Low
MARKET AND SALES
Spot Market
Closed.
2,959
9,029
Saturday....
Monday
Tuesday
Wednesday..
Thursday
Friday
Total
Fri
Mon.
10.00
10.75
400
above exports, our telegrams to-night also
following amounts of cotton on shipboard, not
the ports named. We add similar figures for
follows:
GULF.
Good Ordinary
Low Middling
133,369
35.300
6,470
70.321
63,348
35,658
210.852 3,208.199 790.4913,030,335 7.029,025
85.421 2,381,999 603.321,2.075,0195.060.339
grades for
prices for a few of the
Sat.
UPLANDS.
Low
887.974 2,830,479
123,764
71.836
1,547
1,547
665.119 1,693,807
147,224
55,132
130,991
51,944
100
100
824,634
635,581
124,304
48,812
21,393
21,393
176,463 297.484
6,264
3.897
5,039
619
63,348
35.658
400
100
8,895
j
;
In addition to
give us the
142,845
75,492
|
1.877
nent.
mid
Fully good mid...
Good middling
Barely good mid..
Strict middling...
Middling tinged-c. 0.12 off
2.00 on Strict low mid-.C- 0.14 off: Strict low mid.ting 0.46 oft
0.32 off Low mid. tinged0.90 off
1.75 on Fully low mid
0.50 off ;
1.50 on Low middling
Strict g’d ord. ting 1.25 ofT
1.25 on Barely low mid... 0.70 oft Fully mid. stained 0.42 off
1.00 on Strict good ord... 0.90 off! Middling stained.. 0.50 ofT
1.07 off
0.S8 on Fully good ord
1.25 off Barely mid.stained 0.78 oft
0.76 on Good ordinary
Strict low m. stain. 1.50 off
; Strict g’d mid. tgd. 0.30 on ;
0.57 on
Fully 1. m. stained 1.75 off
0.38 on Good mid. tinged. Even ; Low mid. stained. 2’00 oft
Basis ! Strict mid. tinged. 0.06 oft
Good Ordinary
Conti¬
France.
25,261
1.708
1
;
Great
Britain.
234,846!
23,371
March 29 1907.
Exported to
793 ,842
64,033
52,615
!
1
Sept. 1 1906 to
407,460
117,820 1,535.045
51,928
!
|
■
;
1
....I
|
120,399 39.595
_j
I- ernandlna
nent.
!Britain. Fr'nee
Galveston
Total.
c.
12,680
week ending this evening reach a
which 91,289 were to Great Britain,
10,719 to France and 108,794 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1906:
Exports
from—
Fair
66,890
exports for the
total of 210,832 bales, of
March 29 1907.
Exported to—
than
10,701 J
657
The
Week ending
quiet
Strict mid. fair
Middling fair
219
6,701,609j7,021,584 6.879,260
From
covering
planting to some extent. On Thursday local
oil
eve of the Easter holidays caused a small advance after
some irregularity due to continued large receipts and dulness
and depression in Liverpool.
Spot cotton has been
Middling uplands closed at 10.95c., a decline
and easier.
for the week of 30 points.
The rates on and off middling, as established Nov. 21 1906
by the Revision Committee, at which grades other
middling may be delivered on contract, are as follows:
the
10.95
AT NEW YORK.
Sales
Futures
Market
of Spot and Contract.
<
Closed.
Con-
Export sum’n.
Quiet 10 pts. dec. Barely st’dy.
Quiet 10 pts. dec. Steady
Quiet 5 pts. adv.[Very steady..
Quiet
.Steady.
Quiet
Steady.
HOLIDAY.
_
I
1
‘
|
Contract.
Total.
'600
*600
t
2*766
2,700
1
3,300
3,300
j
"I
...
758
liit •
THE CHRONICLE.
FUTURES.—The highest, lowest and closing 'prices at
New York the past week have been as follows:
X
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receipts for the week and since Sept. 1. the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
1
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in detail below.
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by cable and telegraph, is
as
well
as
the afloat,
are
as
1
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w
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29.
1
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rc
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ft
ci rr
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Total Great Britain stock
b
1 ,337,000
11 .000
,
1
T-
cs
.
as
«
ITS
-
■
x— SO
X X rH
X US — SO 7»_ rl SOI-- source 3: SC CM C-l •
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I
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rH rH
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r-i
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a
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i;«aH
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itria
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-
:
:
:
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made
1906.
1905.
812,000
13,000
50,000
1,181,000
11.000
246,000
1904
.
567,000
1 1,000
64,000
Total European stocks
2 ,233,000 1,732,000 1 ,475,000
India cotton afloat for Europe
159,000
147,000
99,000
American cotton afloat for Europe 492,241
293,817
405,000
56,000
44,000
39,000
Egypt, Brazil, dec. aflt. for Europe
Stock In Alexandria, Egypt
212,000
174,000
206,000
Stock In Bombay, India
743,000
742,000
970,000
Stock In U. S. ports
865,355
775,608
647,598
Stock in U. S. interior towns
516,252
485,714
585,328
U. S. exports to-day
26,792
7,194
48,485
1,325,000
224,000
204,000
27,000
225,000
391,000
540,169
272,951
35,000
31,000
5,000
a
This year's figures estimated.
The abov<‘ totals show that the interior .stuck- have de¬
creased during tin4 week 27,106 bales, and ;;iv to-night
30,338 bales less than at the same period last year.
The
receipts at all the towns have been 20.097 bales more than
(lie
same
.week last. year.
OVERLAND MOVEMENT FOR THE WEEK AN1)
SINCE SEPT. 1.—We give below a statement showing
the overland movement for the week and .-incc >cpt. 1,
as
made up from telegraphic reports Friday night.
The
results for the week and since Sept. 1 in the la.-t two years
are as follows:
a Iarch 29
1906-07
Since
—
Week.
Sept. 1.
..17,873
3.398
659,507
192,604
66,105
69,501
46,189
371,337
Shipped—
_
Total visible supply
5,,372.102 4,659,871 4,248,411 3,209,120
Of the above, totals of American and other descriptions are as follows
St. Louis
Cairo
Rock Island
Louisville
Cincinnati
other routes, <Sce
Via
Via
Via
Via
Via
Via
2,944
2,873
1,531
18,974
Total gross overland
Deduct shipments—
Overland to N. Y., Boston, &c
Between Interior towns
Inland, &c\, from South
1905-06Since
TTYr*.
Sept. 1.
1 1
-
47,593 1,405,243
4,910
,320
4,310
401,013
j 75,679
7 78
2,267
39.594
78,243
,025
1.018
203,487
20,718
945,463
2,385
120,535
1 6,759
1
47,447
1.027
138,247
59.194
1,171
43,228
397
698
7.10S
240,669
3,480
169,495
40,485 1,164,574
17,238
775 ,908
32,201
—
Liverpool stock'
bales. 1,137,000
Manchester stock
Continental stock
American alloat for Europe
U. S. port stocks
U. S. Interior stocks
U. S. exports to-day
•Total American
East Indian. Brazil, Ac.—
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
67,000
827.000
402,241
065,355
485,714
26,392
111,000
9,000
13,000
60,000
Egypt. Brazil, &c., afloat
Stock In Alexandria, Egypt
Stock In Bombay. India
742,000
Total East India, &c
Total American
081,000
54,000
500,000
203,817
775,608
516,252
7,194
’
730,000
41,000
565,000
405,000
647,508
585,328
48,485
470,000
51,000
620,000
204,000
540,160
272,051
123,000
10,000
13,000
51,000
147,000
44,000
174,000
970,000
76,000
13,000
9,000
35,000
9.9000
39,000
206.000
743,000
88,000
11,000
13,000
54,000
224,000
27,000
225,000
391,000
1,532,000 1,220,000 1,033,000
4,001,102 3,127,871 3,028,411 2,176,120
.1,371,000
Total visible
supply
Middling Upland, Liverpool
5,371,102 4,659,871 4,248,411 3,209,120
8.28(1.
5.70d.
6.03d.
4.28d.
Middling Upland, New York
15.35e.
10.95c.
11.70c.
8.15c.
Egypt. Good Brown, Liverpool..1115-16(1.
7 5-16d.
lOd.
9^(1.
Peruvian. Rough Good, Liverpool
10.25d.
lO.lOcl.
9.65d.
8.75d.
Broach, Fine, Liverpool
5 9-16d. 5 ll-lOd.
4 5M6d. 7 ll-16d.
TInnevelly, Good, Liverpool
7 5-10d.
5 J^d.
5 }4d.
4 ?Ad.
Continental imports past week have been 114,000 bales.
The above figures for 1900 show an increase over last week
of ol.ISS bales, a gain of 712.231 bales over. 1900, an ex¬
cess of 1,123.691 bales over
190.") and a gain of 2,102,982
over
1904.
Total to be deducted
Leaving total net overland.a
a
Including movement by rail to Canada.
The
4,001,102 3,127,871 3,028,411 2,176,120
159,000
56,000
212,000
flflfJCS
't” r,.j*
N
C
683,000
bales
I
£30 •S-ft
600,000
American
cm;
; (h
biO
551,000
17,000
.Total Continental stocks
Xn't”C.*
PjND'Ml.S'l'OJSOCr-rtrta-MaNNCI'.XKffiUtJCM:
C X
896,000
2 73,000
3,000
_
HCHNr-SnT'
r-i.
Foreign stocks,
follows.
.
Havre
Marseilles
Barcelona
at Genoa
at Trieste
US
HasMOitKNTraKfj-MCMM'CCCi-C'rosit:
i rr rs
-
14 5,000
1 3 .000
434,000
.
f]M
~
205,000
4,000
8,000
70,000
7,000
Bremen
Antwerp
M
—
1
**
642,000
8,000
372,000
4,000
225,000
3,000
at
at
at
at
at
—
iCT
1
875,000
9,000
357,000
1,000
136,000
3,000
28,000
63,000
3,000
Stock
Stock
Stock
Stock
Stock
Stock
Stock
th
!
! !
ci C
M
M
—i
ft-!
SJ
1
—
1 1
cc cc
bf
bio
C X
SOrH
c
1,104.000
9,000
10,000
80,000
67,000
Stock at Hamburg
KIDO^
j ft. t (0
CJ
1
1 r)
1 x
zr Sz,
j
©
rH
this week’s returns, and conse¬
1907.
London
Manchester
net
! Hisi.tTrc^'rootntxcacsa-irj-Tfi.'ttor.aNfi:
? I MccoM^arrctitCT'
sci.tct'.ai'5CL';5C77H:]-M
g
!
| es
0
bf “
!
MCTr-'tXCCaHHMN
IMriNri-70^:1i-i
c it c c c -x c c a Lt a k a c c it it s r. 711
c c *r it 00 s it f i o « «r. x a z c c pi so ~ t- cm ls i-: cd 1- r. i~ cm i~ cs —<
1
SC X
Cl Cl
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’co
it -r x -s it ^ s -r a it
I 1
cc Cl
OC X.
ft
—1
j «'iqqo^,NNOO'r*-'Nnc a«fjXL,:?:i-<'qqW'->ar:30i'»qw,i'_fl9
I
r~ x
bales. 1 ,248.000
Liverpool
•
1
quently all foreign figures are brought down to Thursday
evening.
Rut to make the total the complete figures for
to-night (Friday), we add the item of (exports from the
United States, including in it the exports of Friday only.
March
Stock at
Stoclc at
Stock at
P
C
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LXXXIV.
AT THE INTERIOR TOWNS the movement-—that is,
the
O
ft !
es
!
I
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1
[VOL.
foregoing shows the week’s net overland movement
has been 40,4S5 bales, against 17,238 bales for the week
last year, and that for the season to date the aggregate
net overland exhibits an increase from a year ago of 388,606
bales.
1906-07
Sight and Spinners'
Takings:
Receipts at ports to March 29
In
Total marketed
Interior stocks In excess.
Came into sight during week
Total in sight March 29
North,
a
225.187 11,394,047
389,438
.106
163,274 8,808,712
«27,01S
381,075
198,081
136,256
40,485
48.000
spinners’takings to Mch. 29 77,573
Decrease
Week.
11,783^,485
9.189.7S7
2,207,677
50,466 1,899.676
during week.
Movement into
week—
1905—Mch. 31
1904—Apr.
1903—Apr.
1902—Apr.
Since
Sept. 1.
100,036 6.645,744
17,238
775,968
46,000 1 ,387,000
136,702
Net overland to March 29
Southern consumption to March 29.
1905 06
Since
Sept. 1.
8,811,473
1.164,574
1.418,000
Week.
2
sight in previous
Bales.
years:
Since Sept. 1-
257,259! 1904-05—Mch. 31
76,060 1903-04—Apr. 2
141,728 1903-03—Apr. 3
87.558 1901-02—Apr. 4
Bales.
..10,420,033
..9,088,651
9,443,935
9.294.130
Mae. 30
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
week:
each day of the
Middling Cotton on—
Closing Quotations ofr
March
29.'
Sat’dav.
i
%
%
%
io-%
io %
Savannah
Charleston
Wilmington
10%
10%
10%
11
10 13-16
10 13-16
10%
10%
10%
11.00
n
11
Philadelphia
11.25
ll V*
io H
10 13-16
10 13-16
11.15
11 %
Little Rock.... 10%
i
10%
10%
10%
11
10.90
11
11.20
11 %
10 %
10 %
10 13-16
11.10
Memphis
10 13-16
10 11-16
10 %
11
Boston
Baltimore
St. Louis
Houston
10 13-16
10 11-16
io %
10%
10%
10%
Norfolk
Augusta
Tuesday. Wed’day. Thursd’y, Friday.
Monday.
10 13-16
10 11-16
10 %
11
10
10
io
Galveston
New Orleans
Mobile
759
THE CHRONICLE.
1907.]
10%
10.95
11
11.20
11 %
10 %
10 %
10 13-16
10%
10%
11
10.95
11
11.20
11 %
10 %
10 %
10 13-16
10 %
55 to 81.
Carolina.-—Rain is now needed for ger¬
to soften
hard for plowing. There has
rainfall being only
Stateburg, South
10 13-16
10 11-16
10%
10%
Savannah, Georgia.—Dry all the week. The thermometer
averaged 73, the highest being 94 and the lowest 54.
Charleston, South Carolina.—We have had no rain the past
week.
The thermometer has averaged 71, the highest being
94 and the lowest 53.
Greenwood, South Carolina.—We have had no rain during
’the week.
The thermometer has averaged 6S, ranging from
has
H
O
L
I
D
A
Y
mination of seed recently planted in light soils and
stiff clay lands too dry and
been rain on one day during the week, the
two hundredths of an inch.
The thermometer
from 46 to 95, averaging 73.
has ranged
highest 91, lowest 62.
statement we have also
graph, showing the
at 8
a. m.
MARKET.—The highest,
leading options in the New
past week have been as follows:
NEW ORLEANS OPTION
lowest and closing quotations for
of the dates given:
Orleans cotton market
for the
I
Memphis
Nashville
Shreveport..
Vicksburg
INDIA COTTON
Tuesday, Wcd'dav, Thursd’yA Friday,
Med. 26. Men. 27.\Mch. 2&.Mcli. 29.
Sat’dav, 1 Monday,
Mcli. 23. Mcli. 25.
Closing
May—
Range
Closing
July—
—10.10 —
—!— (£> —,
10.12-.19 10.04-.17 10.15-.26 10.15-.20 10.11-.10!
10.13-. 14 10.08-.09 10.22-.23 10.17 — il0.18-.19l
' i
i
H
I
10.22-.29 10 14-.26 10.24-.32 10.23-.29 10.20-.28| ' O
10.23-.24 10.18-.19 T0.30-.31 10.25-.26 10.27-.28!
L
!
I
i
I
!
10.10-.14 10.04-.12 10.12-.18 — (a)
10.10-.12 10.04-.06 10.20-.22 10.15
Range
.
Range
Closing
October—
Range
10.12-.16l10.10-.16l
10.14-.15d0.15-.16,
|
I
i
I
10.10-.18 10.05-.15 10.15-.19 10.15-.19 10.13-.19l
10.09-.16 10.03-.12T0.12-.IS
10.09-.10 10.07-.08 10.17-.18
Range
@
10.17
Range
Closing..-
—
—
—
Tone—
I)
A
Y
Quiet.
Spot
Options
Steady,
Week.
Sept. 1.
94 ,000
1,865,000
PORTS.
j
Since
Sept. 1.
Week.
j
WEATHER REPORTS BY
TELEGRAPH.—Advices to
by telegraph from the South this evening indicate that
dry weather has been quite general during the week. Farm
operations as a rule have made very good progress, but
there are complaints from some sections that lack of moisture
has interfered with work and retarded germination of seed
already planted.
Galveston, Texas.—Dry weather has been quite general
throughout the State. There has been no rain here. The
thermometer has ranged from 72 to 78, averaging 75.
Palestine, Texas.—It has been dry all the week. Average
thermometer 75, highest SS and lowest 66.
Fort Worth, Texas.—No rain here the past week.
The
thermometer has averaged 76, the highest being 88 and the
1905-06..
1904-05
All others—
1
Corpus Christi, Texas.—We have had no rain during the
week.
The thermometer has averaged 76, ranging from
has been no rain during the week.
to 90, averaging 77.
week. Average ther¬
mometer 77, highest 88 and lowest 66.
Taylor, Texas.—We have had no rain during the week.
The thermometer has averaged 75, ranging from 62 to 88.
New Orleans, Louisiana.—There has been no rain the past
Average thermometer 75.
Leland, Mississippi.—There has been no
week.
The thermometer has averaged 72.3,
86 and lowest 59.
rain the past
highest being
nent.
Total.
33,000
43,000
14,000
624,000
512,000
182,000
555,000
6,000
5,000
4.000
5,000
1,000
72,000
63,000
17,000
76.000
,666
2,000
2,000
2,000
19,000
34,000
12,000
21,000
36.000
14,000
7,000
8,000
10,000
7,000
8,000
10,000
7.000
10,000
7,000
68,000
70,000
73,000
75,000
80,000
80.000
44,000
37,000
22,000
47,000
48,000
23,000
46,000
60,000
24,000
783,000
079,000
284,000
829,000
739,000
308,000
Total.
31,000
24.000
12,000
34,000
34,000
13,000
6,000
5,000
i
1,000
.
.
3,000
11,000
1,000
GOODS
COTTON
OF
EXPORTS
BRITAIN.—Below
1.
Conti¬
Great
Britain.
nent.
a
Total all—
1900-07
1905-06.
1904-05
657,000
196,000
68.000
18,000
FROM GREAT
cotton yarn,
give the exports of
we
goods, &c., from Great Britain for the month of February
and since Oct. 1 in 1906-07 and 1905-06, as compiled by us
It will be noticed
from the British Board of Trade returns.
that we have reduced the movement all to pounds^
Yam &
Oct
Nov ...:
Dec
1st qr.
;
1
!
All.
(
j 1905-0&
j
Lbs.
117,282
118,745
124,532
509.733
530,139
500,611!
553.765
94,297
103,578]
Lbs.
115,013
113,415
113.083
58.414 62,910 i 1,512,579 1,593,637*
282.097
297,649
341,511
360.559
571,913
493,412
104.523
93.422
106.660
125.176
112.506
127.486
111.632
458
20,054
18,700
599.705
618.742
i
19,755
18,786
19.S05
20,954
20,653 20,826
19,084; 19,612
Jan
Feb
1906-07 ' 1905-06
1906-07
1906-07 ; 1905-06
509,948
502,020
Lbs.
Lbs.
19,873; 22,151
....
Total of
Cloth.
Thread.
omitted. 1906-07' 1905-06
1
The thermometer has ranged from 64
San Antonio, Texas.—Dry all the
Since September
‘
1006-07
1905-06
1904-05
lowest 64.
week.
3,000
10,000
1,000
Since
Sept. 1.
66, OOOP,871,000; 67,000 1,650,000
Conti¬
Great
Britain.
Bombay—
Calcutta—
1906-07
1905-06..
1904-05
Madras—
1906-07
us
Abilene, Texas.—There
;
Since
Week- |
For the Week.
Exports from—
1905-06.
1904-05.
10.12-.14T0.23-.24
72 to SO.
26.6
27.1
11.3
34.0
1904-05.
1905-06.
I
1906 (17
10.21-.22T0.22-.24
! Easy.
Firm. 1 Quiet. ; Quiet, j
j Steady. Steady. 1 Steady. ! Steady.
|
gauge.
gauge.
MOVEMENT FROM ALL
|
Bombay
10.16-.17; 10.16-.17|
10.10-.14 10.20-.22 10..9-.24 10.18-.20
January—
gauge.
1906-07.
Receipts at—
10.12-.13 10.09-.10 10.18-.19
Closing
35.2
10.5
7.1
42.8
gauge.
,
-
Closing
December—
13.2
16.2
gauge.
'
March 28.
March—
named
Mch. 30 1906.
Feet.
Mcli. 29 1907.
Feet.
Above zero of
Above zero of
Above zero of
Above zero of
Above zei-o of
New Orleans
received by tele¬
height of rivers at the ports
.
-
Average
Carolina.—Dry all the week.
Charlotte, North
thermometer 70,
The following
Yds.
560,245
500,740]
Yds.
Lbs.
i
95.140
93.660
Lbs.
95,131
98.940
92.020
1
!
Stockings and socks
Sundry articles
Total exports
of cotton manufactures
365
The .foregoing shows that there has been exported from
Mississippi.—It has been dry all the week. the United Kingdom during the live months 599,705,000 lbs.
of manufactured cotton, against 618,742,000 lbs. last year,
The thermometer lias averaged 75, ranging from 63 to 8S.
Helena., Arkansas.—Weather very warm and too dry for or a decrease of 19,037,000 lbs.
A further matter of interest is the destination of these
farming. There has been no rain since March 14. The
thermometer has ranged from 64 to S7, averaging 76.
exports, and we have therefore prepared the following state¬
Memphis, Tennessee.—Farm work is progressing actively. ments, showing the amounts taken by the principal countries
There has been no rain during the week, but rain is now
during February and since Oct. 1 in each of the last three
.
falling. The thermometer has averaged 75.4, ranging from ye a rs.
Vicksburg,
67 to 85.9.
Tennessee.—Weather excessively dry. There
has been no rain during the week.
The thermometer has
averaged 75, ranging from 61 to 88.
Montgomery, Alabama.—Farmers are making satisfac¬
tory progress with work.
Planting is well up so far. We
Nashi'ille,
have had
no
rain the past
week.
The thermometer has
averaged 74, the highest being 89 and the lowest 60.
Selma, Alabama.—Planting lias commenced.
Rain
be Ixvnefiuial.
would
weather has been dry and warm
the week, and rain is needed, as
the ground is too hard for plowing in some sections.
Cotton
planting makes good progress quite generally. The ther¬
mometer has averaged 73, ranging from 65 to 86.
Madison, Florida.—We have had no rain during the week.
The thermometer has ranged from 54 to 78, averaging 68.
Augusta, Georgia.-— With continued warm weather work
is being rushed.
Planting has started. Rain has fallen
on one day during the week, the precipitation being inappre¬
ciable.
Average thermometer 73, highest 93, lowest 52.
Mobile, Alabama.—The
here and in the interior all
October 1 to February 28.
February.
Piece Goods—Yards.
(000s omitted.)
,
1907-
,
75,554 65.617
69,407 78.120
Turkey, Egypt and Africa._
China and Japan
j
Europe (except Turkey)
]
..!
South America
North America..
All other countries....
28,S7l‘ 33,513
41,840. 36,915
1 28.542 27.456
! 43.114 42,161.'
•
Yarns—Lbs.
(000s omitted.)
i
Oth.Europe(except Turkey),
Indies
China and Japan
East
Turkey and Egypt
All other countries
Total lbs
Total value
1006-07. 1905-06. ' 1904-05.
1,082,042 1,161.790 1,075,254
73.117 463.S32 379.211 429,092
90.327 294.892 394,798 36S.979
25,006 133.547 138,859 111,601
34,542] 247,056 235.059 21S.642
26,434 150,811 150,211 148.054
35.391; 201.381 200,450 160.791
1905.
500.740 493,412 512.989
£6.376 i £5,851 £5,941
Total yards
Total value
Holland
Germany
1906.
213,382 209,630 228.172
East Indies'.
]
!
3.689
3,868
3,227
1,881
687
1.637
1,915
16.904
£1,027
2.573.564 2,660 378 2.512.413
£32.164 £30,709 £28,828
2,342
3.449!
2.180
2.716
S15
17.961
1.560
2,313
18.739
15,132
13.737
3,885
6,959
9,794
17.526 15.375
£940
£785
86.207
£5,220
3,228
3,670
2,826
3.188
1,073
1.333
2,208
17.069
17.881
14,264
19.589
5.591
8.435
10,095
92.924
£4.830
14.209
17,424
11,456
13,030
2,543
9.780
9.622
78.064
£4.035
760
THE CHRONICLE.
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The following brief but (comprehensive statement indicates
glance the world’s supply of cotton for the week and
since Sept. 1. for the last two seasons, from all sources from
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like* perid.
at a
Week.
•5'
Ei
5,403,296
March 22.
Sept. 1.
Amerlcan’ln sight to March 29..
198,081
Bombay receipts to March 28
Other India shlp’ts to Mareh 28.
Alexandria receipts to March 27
Other supply to March 27.a
supply
1,865,000
172,000
898,000
220,000
94,000
13,000
6,000
3,000
1,268
400
148
1,871 .000
To
184,000
768,000
327,000
14,000
6,000
10,000
5,717,377 16,722,641 5,025,900 14,885,257
.
52650
69
_
2,545,470
9,189,787
4,793,644
136,256
66,000
1
foreign
March 26—
Callfornie, 80 foreign; Erika, 1,025 upland, 159 Sea Island..
To Marseilles—March 22—Perugia, 400
To Hamburg—March 22—Patricia, 148..
To Antwerp—March 22—Finland, 1,815
March 26—Cambroman, 1,358
Season.
1,784,156
1,241
To Barcelona—March 27—Ulrlken, 3,002
To Genoa—March 22—Koenigcn Lulse, 707: Sannlo, 353
To Naples—March 22—Koenigen Lulse, 192..
To Venice—March 21—Eugenia, 402.
March 27—Sofia H.,
302
To Trieste—March 21—Eugenia. 350
March 27—Sofia H.,99
Week.
11 ,783,485
700-upland, 541
To Glasgow—March 23—rCaledonla, 60
To Havre—March 23—La Gascogne, 4
1905-06.
Season.
Visible supply
Visible supply
Total
j
1906-07.
LXXXIV.
Total bales.
NEW YORK—To Liverpool—March 26—Bovlc,
Peruvian
To Hull—March 26—Idaho, 526
To London—March 23—Minnehaha, 50_
i
Cotton Takings.
Week and Season
[VOL.
3,173
3.002
1,060
192
704
-....
Syra— March 27—Sofia H., 100..
NEW ORLEANS—To Liverpool—March 28—Wayfarer, 13,000..
To London—March 27—Irishman, 6,196..
To Bremen—March 28—Montauk Point, 7.184: Tilly Russ,
3.250
To Genoa—March 23—11 Piemonte, 9,965
449
100
13,000
6,196'
10.434
9,965
GALVESTON—To
Liverpool—March 21—Inltula. 8,332; Kingstonlan. 12,015
March 25—Texan, 4,539.
March 26—
Civilian, 18,893; Wandere, 7,430
51.209
To Manchester—March 28—Asuncion de Larrlnaga, 11,452... 11,452
Deduct—‘
Visible supply March 29
5,372,102 4,659.871
5,372,102
Total takings to March 29
Of which American..
Of which other
345.275 11,350,539!
237.275 8,680,539,
108,000 2,670,000!
Embraces
a
366,029 10,225,386
315,029 7,700,586
51.000 2,525,000
I
'
4,659,871
To Havre—March 22—Matteawan, 9,081..
To Bremen—.March 23—Koln, 12,691
March 27—Callisto,
11,121
To Barcelona—March 22—Valbanera, 6,150
To Malaga—March 22—Valbanera. 1,000.
To Genoa—March
22—Sieania, 6,650
March
receipts In Europe from Brazil. Smyrna. West Indies, &e.
....
28"—Cerea,
8,466
SAVANNAH—To Manchester—March 28—Axmlnster. 1,576 up¬
land. 314 Sea Island.
To Bremen—March 22—Hillmere, 6,090—March 27—Kobe,
6,541
.
ALEXANDRIA
RECEIPTS
AND
OF
SHIPMENTS
9,081
23,812
6.150
1,000
c
15,116-
...
1,890
.
COTTON.—Through
made* with Messrs.
Choremi, Benachi S: Co., of Liverpool and Alexandria, we
now receive a weekly
cable of the movements of cotton at
Alexandria. Egypt.
The following are the receipts and
shipments for tin* past week and for the corresponding week
of tin* previous two years:
arrangements
!
Alexandria. Egypt.
March 27.
190607.
|
j
i
!
1905-06.
1904-05.
To
Hamburg—March 22—Hillmere, 169
12,631
March 27—Kobe,
300
469
To Rotterdam—March 16—Voorburg, 159
_■
To Ghent—March 26—Voorburg, 300...,.
To Reval—March 22—Hillmere, 735
Match 27—Kobe.2,200
To Narva—March 22—Hillmere, 1,000
To Xykoping—March 22—Hillmere, 100.
To Riga—March 27—Kobe, 500.
To Venice—March 28—Alberta, 1,701
To Trieste—-March 28—Alberta, 3,254
To Flume—March 28—Alberta, 331
BRUNSWICK—To Manchester—March 22—Axmlnster. 1.708
.
1.50
300
2,935
1,000
-
100
500
1.701
3,254
331
...
UU
•
Receipts (cantars a)
i
—
This week
Since Sept. 1
50,000
6,737,884
.
50,000
0,760,473
!
140,000
5,484,099
BOSTON—To Hamburg—March 23—Bethania, 200
To Yarmouth—March 19—Boston, 83
March 25—Boston,
124
;
BALTIMORE—To Liverpool—March 22—Indore, 2.893
To Bremen—March 23—Cassel, 250
March 27—Gera, 466.
PHILADELPHIA—To Manchester—March 23—-Manchester Com
tnerce, 1,064
SEATTLE—To Manila—March 23—Shawmut, 100
'..
TACOMA—To Japan—March 19—Titan, 3,000 (additional)
March 23—Shawmut, 5,895
...
1
To Liverpool
To Manchester
To Continent
To America
..
This
week.
Since
Sept. 1.
This
Simce
1
Sept- 1. ! week.
Sept. 1.
2,000 179,156 ’ 1,000:168,205
5,500 142,841
1.750 1 10,619
4,000 225,768
5,000 241,502
1,750j 62.74 2 ! 2,750| 55,558
12,7501712,132
1
| Since l!
i
2,000 175,387
5,500 172.75 1
3,250 263,656
2,000! 95.33/
.
Total exports
a
!
This
week.
Exports (bales) —
14
:
,250*626,24 1
1
11
!
1907.c
1906
1905
1904
1903
1902
1901.
1900.
QUOTATIONS FOR 32 YEARS.
10.9.11.70
8.05
14.90
10.05
8.94
8.19
9.62j
1899.c
1898
1897
1896
1895
1894
1893
1892
1892.
6.31
6.12
7.31
7.88
6.31
7.68
8.62
6.68
.
9.00
1891.e..
1890
_..11.44
1889
.10.19
1888
9.94
1887
.10.50
1886
9.12
1885
11.19
1884
11.38
...
.
...
...
....
1883.c.
1882...
1881
1880..
1879..
1878...
1877..
1876.._
_
10.06
12.12
10.68
13.12
10.50
10.75
11.50
13.38
_.
JUTE BUTTS, BAGGING, <fec.—The market for jute
bagging has been extremely quiet, with prices ruling as last
named: 9^c. for 2 lbs., standard grades.
Jute butts con¬
tinue dull at 3@4c. for bagging quality.
EAST INDIA CROP.—The final report on the cotton crop
for 1906-07 has been issued by the Director-General of Com¬
-
mercial Intelligence of India as follows:
This memorandum summarizes the provincial reports of the
cotton crop
up to Feb. 1. and compares them. so far as possible, with those for the two
previous years.
The reports arc complete except for tho.se from the
Klshangarh State in Rajputana and the Malwa Agency in Central India.
But these arc of small importance, and the figures furnished by them for
the December forecast have been used in the present memorandum.
The
total area in all territories reported on is now computed as 22,344.000 acres,
which marks a net advance of 1.272,000 acres, or 6%. on the linal ligure for
the previous season.
The total estimated outturn amounts to 4,908.000
bales of 400 pounds, the increase In this case being one of 1,482,000 bales,
or
43.3%.
The character of the season has been generally favorable,
though the crop has suffered from disease and Insects In various quarters.
The condition of the crop Is reported to be good on the whole.
MANCHESTER
IH
.
cable
to-night
from
MARKET.—Our report received by
Manchester states that the market
is
quiet for yarns and steady for shirtings. Spinners are
considered to be well under contract.
We give the juices
for to-day below
tnis and last year
and leave those for previous weeks of
for comparison:
hk) :
32s ('up.
Twisl.
d.
9?4
®>10
9 11 -16 ft/,
tn
d.is.
5-16 6
10 7^ 6
d.
10 U 6
Cot’n
Mid
finest.
s.
7
ftr9
7
fti9
7
7!
®9
f(J 9
l'Pi's
d.
10
10
!
lbs. Shirt¬
,
32s Cop.
Twist.
ings.
to
V
d.
ft/;
ft/;
9% 6
9% 6
5
5
ft/;
6.24 S 11-16ft/.
6.03 S5r
ft/.
9S» 6
6.01 HU
ft/
5.97 8 13-16 ft/,
9% 6
9 J 'g 6
d.
Great French GcrBritain
ports, mam/.
New York..
New Orleans.
Galveston
Savannah
Brunswick
Boston
Baltimore
6
6
5-16 6
7l
S
10' j 0
S
11
10
G
a
i ®9
ft/,9
(a. 9
9
9
9
9
9
6 ,14
NEWS.- -As shown
on
9*4 6
9
it
6
common
1 trust.
1,877
.19,196
62,661
l ,890
1,708
1,668
148
10,434
9,081
23,812
North.
South.
3,173
5,507
9,965
Total.
12,373
39,595
117,820
22.266
5.286
4,985
13,100
25,261
1 ,708
"
200
2,893
1,064
Philadelphia
Japan.
dec.
407
207
716
3,609
1 ,064
1 00-
100
8,895
Total
91,289
10,749
48,410
8,158 43,024
8.89 5
307 8,895 210,8312
The exports to Japan since Sept. 1 have been 170,216 bales
from Pacific ports, 10,000 bales from Galveston and 1,028
bales from New York.
Cotton freights at New York the past week have been asfollows, quotations be ing in cents per 100 lbs.
Liverpool
-..
Sat.
Mon.
Tues.
Wed.
Thurs.
Frl.
_<*.
17
.c.
16 !
23
17
16
17
16
17
16
22
18
OO
17
16
22
Manchester
Havre
Bremen
_f.
_c.
18
18
Hamburg
-C.
_r.
20
20
25
c.
30
18 S'20
20
25
30
Antwerp
c.
Ghent, via Ant..
Reval. Indirect..
Reval. via Canal
Barcelona
Genoa
Trieste
...
.
4
18
@>20
18
1 8 @ 20
1 8 (& 20
20
25
20
25
30
20
25
30
|
'
30
H
18
18 ,'d 20
20
25
30
-C.
r.
.
c.
.c.
LIVER POO!,.—
30
18
32
45
30
18
28
20
32
45
c.
_
.
Japan.
22
17
16
22
18
32
45
30
18
32
45
'
By cable from Liverpool
30
18
30
18
32
45
we
32
45
have the fol¬
lowing statement of the week’s sales, stocks, i£e., at that port:
Mch. 8.
Sales of the week
bales.
Of which speculators took.
Of which exporters took...
Sales, American
Actual export
66,000
2,000
3,000
58,000
18,000
Forwarded
102,000
Total stock
Esti mated
1,128,000
Of which American—Est.. 1,024.000
Total import of the week
159,000
Of which American
125,000
Amount afloat.
365,000
Of which American
302,000
Mch. 15.
63,000
Mch. 22.
52.000
1 .000
Mch. 27.
1 ,000
4,000
56.000
6,000
84,000
1.207,000
1,101,000
169,000
150.000
292,000
222,000
2.000
47.000
1 1,000
82,000
1 .216,000
1.098.000
101,000
68,000
269.000
213,000
2,‘OO
24,000
7,001)
.
—
The tone of 1 he Liverpool market
each day of the past week and the
28,000
600
50,000
1 .248,000
1.137,000Si) .000
83,000
2 27,000.
166,000
for sjiots an rl futures.
daib closing jrriees of
■
Col'n
!
Mid
| Upt’s
s.
ft/. 9
ft/,9
!
d.
4i
4'd
d
5.90
5.73
<o\9
A' 2 ft/. 9
4 4 ft/ 9
5
ft/; 9
5
ft/; 9
previous
5
5! 2
4 ' j-:
6
"5.78
5.97
5.77
6.00
6.03
page. the
exports of c/.uon from tin* United States tin* past week have
reached 210,832 bales.
The shipments in detail, as made up
from mail and telegraphic returns, arc as follows:
8,895
—Oth.Europe— Mcx.
Seattle
Tacoma
1
Spot.
Saturday.
Market
12:15
;
Monday.
Tuesday.
'■
Wed'day.
Thursday
«?
i
j
j !
P. M.
Friday.
,
1
Quiet.
Quiet.
Quiet.
|
Quiet.
•
f
Dull.
>.
I
-
Mid.
9 13-16 (a;
9 15-16 ft/;
9 15-16(0,
97s
ftclO
9 13-16®
1.064
100
'Flu* particulars of the foregoing shijunent- for the
arranged in our usual form, art* as follows:
.
d.
d.
6.08 8%
6.03 [8? &
716
spot cotton have been as follows:
1906.
S'% lbs. Shirt¬
ings. common
207
2,803
Total.
A cantar is 98 lbs.
The quotations for middling upland at New York on
Mar. 29 for each hf the past 32 years have been as follows:
r
•
200
-
9,500 560,150
This statement shows that the receipts for tin* week were
50.000 cantars and the foreign shipments 12,750 bales.
NEW YORK
..
.
1 ,708
Upl’dsj
5.9s
5.90
5.94
6.000
500
7.000
1.000
5.9$
5.97
;
’
Sales
.
5,000
...
Spec.&expJ
Futures
Market
opened
•
1•
Market
4
1*. M.
J
300
Steadv at
5ft?;6 pts.
decline.
Easy at
S ft/,'9 !>j
pts. dec.
Easy at.
212 ft/ 3
dec.
pt.s.
6,000
500
Steadv at
B’rly st'dv
partially : at4 ft/,4 E.
1 pt. adv. | pts. adv.
Steady at
Steady at
\'4 @4
pts. dee.
4 ft/'.6 pts.
advance.
Steady at
pts. dec.
: ®1 pt.adv.
i
12
5,000
300
!
j
Dull at
1 ‘>1,2 pts.
decline
1
!
Quiet at
j
1ft/) 21 ft
j
pts. dce.»
i
j
Holi¬
day."
761
THE CHRONICLE.
1607.]
Mae. 30
prices of futures at Liverpool for each day are given
below.
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The prices are given in pence and lOOf/is.
Thus: 5 59 means 5 59-100d.
PRICES OF CORN
DAILY CLOSING
The
March 23
1$
121$
March 29. p.m.
p.m.
12
to
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug.
Aug.-Sep.
.Ill
Sep.-Oct.
Oct.-Nov.
Nov.-Dec.
Dec.-Jan.
Jan.-Feb.
5
5
5
5
5
5
5
5
5
5
5
5
59
59
57
57
56
56
54
52
49
49
49
50
1$
}$
1$
1$
d.
54
54
51
52
51 1$
51
49 1$
48
46 1$
46
46
47
d.
56
56
1$
1$
53
1$
54
54
53
1$
52
50
48
47
47
49
1$
1$
1$
1$
d.
58
57 1$
55
55 1$
55
54 1$
52 1$
51
49 1$
49
49
50 1$
d.
d.
60 1$ 61
58
60
1$
58 1$ 56 1$
57
59
58 1$ 56 1$
56
58
54
56
1$ 57
54
J$ 52}$
1$;56
51
53
;54 1$
52 1$ 50 1$
1$|54
52 1$ 50 1$
1$ 54
!55 J$ 53 1$ 52
d. ! d.
62 1$ 62
62
|61 1$
59 1$!59 1$
59 1$ i 60
59
59 1$
58 1$ 59
56
54
52
51
51
53
d.
"is
1$
H
1$
O
L
50}$
50
50
51
1
d.
d.
58
56
56
56
55
54
52
.45 ?4
454$
45 7$
45 J$
46
451$
in the Western
1
D
A
Y
DAILY
market have ad¬
Mixed, 26 to 32 lbs._ i
White clipped. 36 to 38
1$
Sat.
Mon.
46}.$
46 1$
Friday, March 29 1907.
about stationary as
trading still on a small scale
The foreign de¬
the
mand has-been insignificant, and the exports from
sea¬
board have continued small.
At the principal milling centres
of the Northwest and the Southwest trade has been
quiet.
At Minneapolis shipping directions have come in slowly, and
the lack of them Jhas caused some mills to shut down.
Ex¬
port trade there has been light, though some business has
been done with the United Kingdom and China.
Rye flour
The
46
46 1$ 46 »$ Holi-
49-51 48-50 day.
CHICAGO.
Wed. Thurs.
MIXED OATS IN
Sat.
Mon.
.41 1$
37
41 1$
37 1$
32 ?4
32?$
September delivery In elevator
Fri.
Wed. Thurs.
Tues.
49-51 49-51 48 1$-50 >$
lbs
PRICES OF NO. 2
•
BREADSTUFFS.
OATS IN NEW YORK.
CLOSING PRICES OF
May delivery in elevator.
July delivery In elevator
character.
Frl.
451$
461$ 46
45 ?i 457$ 45?$ Holi46 >4 46 ?$ 46.4 day.
manipulation by leading Chicago operators,
covering of shorts, light offerings and moderate receipts.
The Kansas acreage, it is stated, will be reduced,owing to
the scarcity of seed.
Contract stocks at Chicago continue
small.
The upward tendency, however, has been checked
at times by liquidation attributed to the bull clique.
The
cash demand has been light, and there has been more or less
selling for short account. On Thursday prices advanced-on
bull support, covering of shorts and light offerings.
DAILY CLOSING
Prices for wheat flour have remained
a rule during the week, with the
arid largely of a hand-to-mouth
Wed. Thurs.
Tues.
Mon.
vanced, owing to
12 1$
4
12 1$
4
4
12 1$
4
12 }$
12 1$
p.m. p.m.
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
d.
d.
March
Fri.
Thurs.
Wed.
Tues.
Mon.
Sat.
elevator
elevator
September delivery in elevator
Oats for future delivery
May delivery In
July delivery In
FUTURES IN CHICAGO.
Sat.
Tues.
411$
37?$
32 ?$
Wed.
Thurs.
42
Fri.
37 4
Holi¬
42 3,4
4S
37
33
*$
~
.
32 7$
day.
quotations:
following are closing
FLOUR.
$2 75 @J32 20
85
Low grades
Second clears..
Clears
2 80 ®
3 50 @
3
3
3
3
Straights
Patent, spring
Patent, winter
Kansas patents
65 (Si
90 ®
75 ®
90 @
$3 60 ® J3 80
3 in® 3 40
4 50 ® 4 95
Kansas straights
Kansas clears
3 75 | blended patents
3 75] Rye flour
4 30! Buckwheat flour
4 10 | Graham flour..
4 OOlCornmeal
3 65® 4
2 10 ® 2
2 90 ® 3
2 70 @ 2
15
20
75
80
GRAIN.
Wheat, per bush.—
N. Duluth, No. 1
N. Duluth, No. 2
Red winter, No. 2
Hard
"
"
c.
ICorn, per bush.—
j No. 2 mixed
No. 2 yellow, new
No. 2 white, new
f.o.b.851$ | Rye.'per bush.—
] No. 2 Western
| State and Jersey
47 @49
46 *$1 Barley—Western
c.
f.o.b.aftQ
91 ?$
f.o.b.89?$
f.o.b.834
f.o.b.52^
f.o.b.55
and corn meal have been quiet and steady.
64 4
Oats—per bushel—
Wheat has been under the influence of such conflicting
Nominal.
No. 2 white
conditions that prices have remained practically in a state'
No. 2 mixed
Nominal.
@5o
No.
2
white,
clipped..
48
|
Feeding
Nominal.
of equilibrium.
Advances, owing to bad crop reports from
The statement of the movement of bread stuffs to market asat home and abroad, have been offset by reactions due to
contradictory advices from the Southwest affirming that the; indicated below are prepared by us from figures collected by
dry weather and insects have done far less damage than some the New York Produce Exchange. The receipts at Western
reports state; also by the Stock Exchange flurries, rather lake and river ports for the week ending last Saturday and
disappointing foreign markets and some falling olf in the since Aug. 1 for each of the last three years, have been:
]
speculation as well as not a little liquidation at Chicago
I
Rye.
Barley. !
Oats.
Corn.
Wheat.
attributed to prominent bull interests.
Moreover, the cash Receipts at— P lour.
bushASlbs.] bn. 56 lbs.
business has been dull, the flour trade has been stagnant,
bbls.lMlbs.bttsh. 60 lbs. bush. btilbs. bush. 32 lbs.
70.(HH)
548.910!
2.362,392
2.703.600
117.541
Northwestern receipts have been large and the stocks in that
212,164
Chicago
42.3(H)
425.000
365,700
317.000
104.000
31.500
Milwaukee..
5.968
157.175]
section have steadily increased.
Then, too, the world’s Duluth
24.812
800.654
14.500
55,750
441.950
39S.950i
110.500
1.992.800
shipments have been on a large scale, though the exports Minneapolis1.6(H)
95.000
190,000
25.000
from this country have been light.
On the* other hand, how¬ Toledo
60,206
173.129
11,718!
2.8(H)
Detroit
1.000
112,881!
149,609
53.105
1.453
ever, as already intimated, some of the reports from the
Cleveland.
23,000
57,200
616.000
997.940
190.175
61.485
Southwest insist that dry weather and green bugs have done St. Louis.
0,000
208.5(H)
08,000;
221,100
7.200
20.250
Peoria
78.000
i
272.000
a good deal, of damage, and these at times have not been
509,000
Kansas City.
without their effect.
The weather in Germany, too, has
1.699.2351 204,618
4.322.441
5.134,878
3,811.193
344.152:
Total week
51.0(H)
956,027!
3.078,003
been unfavorable, and it is stated that the greater part of Same wk. ’06
2,222,718
2.524.398
303.178
77.270
4.039.806' 1.079.422
5.465,200
2.746,697.
274.509
the wheat area in that country has been abandoned, owing
Same wk. ’05
!
to winter killing.
In Hungary conditions are unsatisfactory, Since Aug. 1
138,863.77 lj 53,684.549,5.937,053
1906-07... 14,097.335 174.067,892 141.799.499
complaints are increasing and some of the wheat area has
162.109.526 65.295.335 6.511.981
13,625,587
185,657,685
129.311.219
1905-06...
been abandoned.
The weather in Spain has been unduly
118.779.644'54.468.005:5,753.012
1904-05... 11,902.096.171.010,709 133.585,330
dry, and Argentine wheat arriving at Liverpool is not grading
Then, too, some of the shorts
as well as could be expected.
Total receipts of flour and grain at the scale-ard ports for
here have declined to credit the reports that the Wall Street
the
week ended Mch 23 1907 follows:
bull pool lias sold its cash wheat in Chicago.
This has led
Rye.
Barley,
Oats,
Com.
Wheat,
Flour,
bush.
bush.
bush.
them of late to pursue a rather cautious policy.
But, on the Receipts at—
bush.
bush.
bbls.
2.92568.400
733,500
946.000
290.000
other hand, some of the bulls have been afraid that the bull
103.096
New York
56.265
183,158
113.410
49,929
Boston
7.293
pool has really sold the May option against its cash wheat
151,887
7,976
800
2.000
92.156
252.482
122,452
71.713
holdings in Chicago and will deliver tin1 wheat in May, or Philadelphia
19.184
11.721
724.994
24.574
50,968
Baltimore
at any rate in July.
22.828
Between these various and conflicting Richmond
39.780
29.912
5.838
85.714
influences the price has been held within very narrow
25.499
Newport News
89.500
362.000
66,000
14.S57
bounds.
The foreign consuming world for the time being, New Orleans.a
1 10,000
155,000
Galveston
25.125
51.737
9.794
at least, seems to be getting on very well without American
8,059
3.481
Montreal
7S
55,858
4.874
Mobile
5.109
wheat, and the speculation, partly owing to recent events
51,707
14.767
St. John
at the Stock Exchange, has been reduced to very modest
3.725127.111
1,057.785
421,998 1.012,281 2.769,580
Total week
13.745'
148.541
proportions. On Thursday prices declined slightly, owing Week
1,517,135 2,082.936
1.227,180
266.199
1906
to reports of rains in the Southwest, more favorable crop
a Receipts do not include grain passing through New Orleans for foreign ports
reports, disappointing Liverpool advices and scattered
through bills of lading.
liquidation on the eve of the holiday.
Total receipts at ports from Jan. 1 to Mch. 23 compare
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Fri.
Thurs.
^
_.
—
.
(
:
.
...
,
on
Sat.
No. 2 red winter.
.
.
elevator
.
elevator
September delivery in elevator.
DAILY CLOSING PRICES
May delivery In
July delivery in
83?$
84?$
84 1$
84 1$
September delivery In elevator.
84?$
OF WHEAT
Sat.
75 ?$
May delivery In elevator
July delivery In elevator
Mon.
83 )$
84 1$
84 1$
77
78
«$
83
i$
1$
84?$
85 1$
84
Wed.
83 3$
84 3*
84 7$
85 4ft
as
83 9$
Roll-
84 i$
84 3$
85 4
day.
FUTURES IN iCHICAGO.
Mon.
75?$
77 }$
78
Tues.
Tues.
75 ?4
77 ?$
78
Wed. Thurs.
75 1$
75 %
77 * 2
77 ?$
78 ?$
78 ?$
Fri.
.
Hollday.
the fluc¬
has been
Indian corn futures have shown irregularity , but
tuations have not been very marked.
Speculation
less active at Chicago, while here it has been
Bullish factors have been the small supply of contract
mainly nominal.
grade
The arrivals of contract grade at Chicago have
continued very small, and this fact has tended to check short
selling. Bulls have given support at times. On tin* other
hand, the cash trade has been dull and larger receipts are
expected by some in the near future. leading Chicago bulls
at
Chicago.
have sold at times.
On Thursday prices
declined slightly
follows for four years:
Receipts oj—
Flour
Wheat
bbls.
1907.
4.408.S01
bush. 17.109.65S
34.066.452
10.083.728
Corn
Oats
1.480.741
286.784
Barley
Rye
63,027,363
Total grain
1906.
3.764,804
17.748,408
51.846.903
21.907.604
5.051.659
422.996
96,977.570
1905.
3.113.422
3.S43.743
38.003.789
8.109,054
2.000.111
1904.
4.850,683
12,520.563
22,390,468
9.295,006
123,117
1,199.342
296.765
52,079,814
45.702.144
several seaboard ports for the week
shown in the annexed statement :
Corn,
Flour,
Oats,
Peas.
Rye, Barley,
bush.
bbls.
bush. bush. bush. bush.
2.9961,039.608 71,583
52.954
The exports from the
ending Mch 23 1907 arc
Wheat,
Exports Jrom—
New York
bush.
Boston..
111.416
151.887
44,308
Philadelphia
303.595
Portland
Baltimore.......
Newport News
New Orleans
Galveston.
Mobile..
St. John, N. B...
37.921
32,000
157.118
321.814
696,119
85.714
420.003
284.154
55.85S
7.976
23.696
33.335
20,364
25,499
53.444
5,650
4,874
7.293
1.176
-
4.191
7S
-
-
5.109 S.000liquidation, the dulness of the cash demand and bearish
pressure.
Total week
732,834 3.060.388 213.OSS
58.399 ----- 12,402 10.996
Same time 1906-.1.239.802 4,014.018 174.251 1.090.006
8.295 208.524 36.759
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Frl.
IFed. Thurs.
Sat. Mon. Tues.
56
The
destination
of
these
for
the
exports
w<-ek and since
?4
56 ?$
.56 yA
56 sq 56 %
Cash corn
54
Holt
54
53
54
53S.i
H
May delivery In elevator
July 1 1906 is as below:
53?$
53?$
day.
53>4
53 3* 53?$
on
July delivery In elevator
51.707
14.767
Flour
Wheal
July 1
1906.
Exports Jot week and Mch.23.
since July 1 to—
bbls.
bbls.
United Kingdom.-.110,035 4,468,961
Continent
42,715 1,877,998
So. & Cent. Amer... 18,808
572,164
West Indies-.
39,291 1.142.741
Brit. No. Am. Cols..
275
5S.875
Other countries
1,964
150,254
213,OSS 8,270,993
Total
Total 1905-06
Com
Since
Since
Week
Since
Week
July 1
Week
July 1
1906.
Mch. 23.
1906. Mch. 23.
bush.
bush.
bush.
bush.
279.902 37,213,399 1,408,784 23.575.597
440,143 33,^35,660 1,520,435 26,657,360
12,489
300.986
52.313
513,295
300
io.547
77.100 1.744.363
/ 8,000
61,890
/' 376,803
161,007
1,756
732.834 71,845,395 3,060,388 52,713,512
8,113,177>,2§§T802 41,591,500 4,014,018 92,587,014
The visible supply of
j^rain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports Mch. 23 1:907, was as follows:
174.251
‘
Wheat.
busfi\
New York
.
Corn,
Oats,
Rye,
Barley,
bush.
bush.
bush.
9OS.OO0\
1,171,000
257.000
1,000
bush.
57,000
137,000
545,000
391,000
332,000
X186.000
2,000
93.000
146,000
84,000
afloat
Boston
Philadelphia
Baltimore
New Orleans
Galveston
Montreal
Toronto
Buffalo
afloat
Toledo
afloat
Detroit
afloat
.
515,000
5,000
23,000
.
“
.
46&6CKN
2,437,000'
207.000
10,000
1,000
45,000
268,000
41,000
2,532,000
102,000
339.000
S16.000
545,000
199.000
674.000
585,000
463,000
125,000
19.000
249,000
319,000
38,000
14,000
9.852’,0(H)
2,175,000
1,194,000
612.000
299,000
581,000
545,000
239,000
4.000
283,000
861.000
183,000
77,000
12,000
442,000
78,000
776.000
11,000
"
.
**
..
.
“
.
-
“
59,000
474.000
70,000
3,770,000
557,000
26,000
3,611,000
490,000
6,718,000
221,000
9,251,000
2.234.000
422,000
686,000
3.575,000
168,000
3,752,000
223,000
236,000
567,000
464,000
287,000
1,095,000
Total March 23 1907 .47,753,000
Total March 16 1907 .47,354,000
Total March 24 1906 .47.329,000
Total March 25 1905..32,818.000
Total March 26 1904..32,511,000
12,657,000
13,149,000
13.612,000
9,679,000
10,050,000
10,202,000
_
“
Minneapolis
.
St. Louis.
.
WOOLEN GOODS.—First hands report a marked im¬
provement in the demand 4or men’s and women’s wear for
fall.
In men’s wear substantial Te-orders have been placed
on fine fancy
worsteds and fancy woolens, with a good in¬
crease
in business on staple overcoatings.
Light-weight
Kansas City
.
:
Indianapolis
_
On Mississippi River..
On Lakes
On Cana and River..
37,000
15,000
83.000
-
Total March 28 1903..43,291,000
9,530,000
10,073,000
22,668,000
16,109,000
10.356.000
7.307.000
suitings are being well cleaned up at full values, and light
tropical worsteds have moved in larger volume than for some
time past.
Fine blueeserges are ruling higher than the
opening values, but are meeting with a steady call from cloth
jobbers. Very satisfactory re-orders are coming in on mer¬
cerized goods; in fact, there is "a disposition among buyers
to show a broader range of fabrics in their offerings than
was indicated earlier in the season.
In dress goods, fancies
in
and worsted construction cloths
woolen
in strong
are
Panamas, in browns and blues particularly, and
voiles in fancy effects have been taken in large quantities
for fall; fine serges are also in demand but scarce.
Staple
cheviots and broadcloths are being freely re-ordered.
Light¬
weight stocks in first hands for spring have been well cleared
up at full prices and premiums are being paid on lines still
available.
Attention now centres mostly in the Fall trade.
A heavy duplicate business has been done in heavy-weight
lines, particularly henriettas, mohairs, French serges,
batistes and fancy cheviots and twills, with extensive re¬
ordering on plaids, checks and stripes in worsteds and woolen
goods. Prices on fall lines average from 2 to 5% higher
request.
afloat
Peoria
Supplies of domestic cottons for immediate delivery are
a minimum;
demand continues steady and active, but
the shortage naturally restricts the volume of business.
This is particularly true of sheetings, denims, tickings and
ginghams; the latter especially are well sold up and all
goods for anything like reasonably early delivery are quickly
picked up. In prints and bleached goods the price tendency
is still upward.
Notwithstanding the higher prices on
bleached cottons a much larger volume of business could
undoubtedly be put through if satisfactoiy deliveries could
be obtained.
The new price levels on prints has not cur¬
tailed buying in the least; heavy orders have been placed
during the past week for forward delivery, and spot offerings
are practically exhausted.
The print cloth market is some¬
what quieter, owing, doubtless, to the fact that mills are
still far behind on deliveries.
Export business is very dull,
with only a moderate demand from Red Sea ports and the
at
.
I
Chicago
afloat
Milwaukee
afloat
Fort William
Port Arthur
afloat.
Dulutli
afloat
LXXXIV.
West Indies.
137,000
569,000
326,000
27,000
“
“
[VOL.
THE CHRONICLE
762
1,543,000
1,563,000
2.180.000
1.415,000
980,000
1.077.000
2,240,000
2,188,000
3,887.000
3,264,000
3.600,000
1,686,000
THE DRY GOODS TRADE.
.
than last year.
FOREIGN DRY GOODS.—The linen situation continues
New
York, Friday Night, March 29 1907.
very strong.
Sheer fabrics are higher and the scarcity of
The dry goods market generally continues strong and crashes has become more
pronounced, it being difficult to
very active, especially for spot goods.
In the cotton goods secure sizeable lots even at top market prices. Dress linens
division buyers have found the market an exceedingly diffi¬ and
housekeeping goods are in urgent demand and also very
cult one to operate in, owing to the small stocks available short.
Both heavy and light-weight burlaps are unusually
for immediate shipment, and spot goods in many instances
active, with indications that top quotations have not yet
command premiums.
Forward business in cottons is a little been reached. Imported woolens and worsteds are in good
quieter, buyers showing more unwillingness during the past demand and firm.
^
week to place orders freely for distant delivery/ Much com¬
Importations
and
Warehouse
Withdrawals
of
Dry
Goods.
plaint is heard about delayed deliveries,which have forced
M
M
jgj
g
g
g
g
g
buyers to purchase spot goods at steadily advancing prices,
Sh
►3
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o
to be used in place of goods which should have reached them
0 ^ P
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CM
weeks ago; this division of the market is apt to continue
gas?
o
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g
p* *-*
§,£ cm r?o& pa
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S3
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rather quiet until deliveries improve or at least until buyers
a
B
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are assured that mills will fill orders
GO
placed some time ago ■oo
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w
at prices then* named.
In heavy cottons, large buyers assert
a 3
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that they are obtaining concessions of from
to ^c. belpw
H
B &
H
market prices on sheetings, medium-weight drills, brown
g
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shirtings, etc., for delivery beyond September, the conces¬
a
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sions being attributed to the absence of export business and
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poor prospects of trade from China for the balance of the
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year.
53
Despite the fluctuations in the staple, both narrow
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print cloths and wide gray goods have ruled firm at quoted
05
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prices; converters are veil covered ahead and therefore
z
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have not been purchasing as freely as earlier in the month.
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The clearing up of spring and summer silk piece goods in
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first hands lias progressed satisfactorily, and the outlook for
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fall is bright.
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Manufacturers of silk goods are facing a
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^ i44 4-*
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silk at high prices, which, with increased wages, have greatly
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increased the cost of production.
Linens, and light-weight
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The
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cj
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acute, and substantial advances are being secured for near-by
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deliveries.
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Export trade remains very quiet.
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DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending March 23 were
3,744 packages, valued at $281 ,SS7,-their destination being
to the points specified in the table below:
Nnc York to March 23.
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries.
Total
.
1907Since
BVeA:.
Jan. 1.
60
672
170
12
-1906Since
Week.
Jan. 1.
76
217
12
520
6,191
3.972
14,683
27,134
152
4.S11
4<S
.
.
397
441
130
469
43
954
100
2,984
5,953
320
75
612
4,136
11,605
293
828
560
10,439
288
..3,744
.3,744
61,377
1,042
.
2,989
44 o
04. -1
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to oi
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4,128
14.489
3,510
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05
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to
05
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£.
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^4 44 tO 05 -vl
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70,535
on to ©
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05
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bo i-i
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a
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05 J4
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to
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05
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05 to
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8,221
2,470
5,682
505
a
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id
3,629
The value of these New York expor
exports since Jan. 1 has-been
$3,773,G86 in 1907, against $3,900,993 in 1900.
05 -1
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H
Mae. 30
763
THE CHRONICLE
1907.1
Maturity fifteen years. Certified check for $300,
payable to the Board of County Commissioners, is required.
Treasurer.
gwi Am Omr
Bewtment.
News Items.
Connecticut.—Savings Deposits in
S. S. Jones is County
Board of County Com¬
missioners.
*
Aitkin, Aitkin County,
Corporations Other Than
introduced in the State
Legislature providing that all corporations,other than sav¬
ings banks, maintaining a savings department or receiving
deposits as savings, shall invest such deposits in the same
securities as savings banks may legally invest . This measure
was favorably reported on March 20
by the committee on
Banks of the House of Representatives and we therefore print
Savings
Purchaser to pay accrued interest.
Auditor and ex-officio Clerk of the
Banks.—A bill has been
Minn.—Bonds Voted.—This city
bonds.
recently authorized the issuance of $35,000 funding
Alleghany, Alleghany County, Pa.—Bonds Authorized.—
O11 March 21 the Common Council passed an ordinance pro¬
viding for the issuance of $1,000,000 water-extension bonds.
Allen County (P. O. Lima), Ohio.—Bond Sale.—On March
26 the $130,000 4^2% 9*4-year (average) memorial-building
bonds described in V. 84, p. 462, were awarded to Lima
Trust Company of Lima at 105.45 and accrued interest.
it in full below:
The following bids were received:
Lima Trust Co., Lima
$137,085 00 Central Trust & Safe DeAN ACT CONCERNING DEPOSITS FOR SAVINGS IN CORPORA¬
TIONS OTHER THAN SAVINGS BANKS.
R. Kleybolte & Co., Cine. 136,491 00;
posit Co., Cincinnati..$135,200 00
Well, Roth &Co.,Clnc__ 136,305 00, Hoehler&Cummlngs.Tol. 135,187 50
General Assembly, January Session, A. D. 1907.
Seasongood&Mayer.Cinc. 136,228 00 Otis & Hough, Cleveland 134,953 00
Be it enacted by the Senate and House of Representatives in General Assembly
Macdonald, McCoy & Co.,
Lamprecbt Bros. & Co.,
convened:
'
134,685 00
Chicago
135.375 001 Cleveland
All corporations other than savings banks, chartered by
Section 1.
Hayden,Miller&Co.,Clev. 134,333 33
Security Savings Bank &
this State, maintaining a savings department, or soliciting or receiving
Trust Co., Toledo
135,210 00 First Nat. Bk., Columbus 133,705 00
deposits as savings, shall invest all such deposits so received according to
,S. A. Kean, Chicago
132,600 00
the requirements of the statute laws of this State concerning the invest¬
ment of deposits In savings banks.
Said corporations shall pay to the State,
Americus, Sumter County, Ga.—Bonds Voted.—The elec¬
on the deposits so received, the same tax which Is required to be paid by
tion held March 20 resulted in favor of the proposition to is¬
savings banks by Section 2422 of the general statutes as amended by
Chapter 189 of the Public Acts of 1903, on the deposits held by them; and
sue the following bonds:
said corporations shall also transmit to the Bank Commissioners, on or
$40,000 4% 30-year paving (city’s portion) bonds.
before the first day of October In each year, and oftener If required by said
35,000 4% 30-year publlc-school-bulldlilg bonds.
Commissioners, a sworn statement of the amount of such deposits and the
securities in which they are Invested, together with such other Information
Denomination $1,000. Interest semi-annually.
as may be required to be given to said Commissioners in the annual state¬
ments of banks and trust companies.
Anderson, Anderson County, S. C.—Bond Offering.—Pro¬
Sec. 2.
All such savings deposits which are not now Invested In accord¬
shall be so invested posals will be received until 12 m. April 16 by J. L.
ance with the provisions of Section one of this Act
before October 1 1908.
City Clerk and Treasurer, for the $75,000 coupon streetThe reserve fund required by Section 3400 of the general stat¬
Sec. 3.
improvement bonds authorized by a vote of 251 to 200 at
utes In the case of State banks and trust companies shall not apply to the
the election held March 14.
Securities will be dated April 1
deposits mentioned In Section one of this Act.
1907.
Interest semi-annual.
Bids are requested on blanks
New York City.—Aqueduct Contract Let.—The contract for
furnished
by
the
city
and
must
state
rate of interest, denomi¬
the first portion of the construction of the new 1G1 million
dollar aqueduct was awarded on March 27 to Thomas nation, place of payment of interest and principal, and
McNally Co. of Pittsburgh, whose bid was $4,126,000. maturity of the bonds desired. Successful bidder will be
This aqueduct is for the purpose of bringing water to the required to deposit 10% of the bonds awarded to him.
Purchaser to pay accrued interest.
city from the Catskills, in accordance with plans
Arcadia, Bienville Parish, La.—Bond Election Proposed.—
by the Board of Estimate and Apportionment in Oct.
Bonds Listed.—On March 28 the New York Stock Exchange
This place is considering the advisability of calling an elec¬
listed the $8,000,000 4% corporate stock, due Nov. 1 1956, tion to vote on the question of issuing highway-building
and the $1,500,000 4% assessment bonds due Nov. 1 1916, bonds.
sold at the public sale on Dec. 14 1906.
Argentine School District, Wyandotte County, Kan.—
Oklahoma—Indian Territory.—Constitutional Election.— Bond Election.—On April 2 the question of issuing the $25,-
Sherard,
approved
1905.
proposed constitution for the State of Oklahoma drafted
convention which adjourned March 15 will be sub¬
mitted to the voters for their ratification at as peciale lection
The
by the
to
be held Aug. 6.
high-school-building bonds
000
will be
mentioned in V. 84, p. 523,
submitted to the vote of the
people.
Tex.—Bond Election Pro¬
petition is being circulated requesting an election
Arlington,
Tarrant County,
posed.—A
Pittsburgh-Allegheny, Pa.—“Greater CiU/[ Decision Ap¬ to vote on a proposition to issue $15,000 school-building
pealed.—Justice Moody of the United States Supreme Court bonds.
lias allowed a writ of error in the suit brought by ex-Governor
Ashland, Jackson County, Ore.—Bond Sale.—This city
William A. Stone and others to prevent the consolidation
recently disposed of the following bonds:
of the cities of Pittsburgh and Allegheny, thus carrying the
$1,390 6% coupon sewer-improvement bonds awarded to Margaret Beswlck
of Ashland for $1,405 02, the price thus being 101.08.
ease from the Supreme Court of Pennsylvania to the Supreme
Denomi¬
nation $300, except one bond for $190.
Interest Feb. 1 and
This action may delay for some
Court of the United States.
Aug. 1.
Maturity Feb. 1 1917, subject to call after one year.
time the formation of a ‘‘Greater Pittsburgh,” as it is not
475 6 % coupon sewer-improvement bonds awarded to W. F. Songer of
Ashland for $484 90. the price thus being 102.084.
Denomina¬
certain that the Court can be prevailed upon to hear argu¬
tions $300 and $175.
Interest Jan. 1 and July 1. Maturity
ments the present term.
See Y.\84, p. 644. Jan. 1 1917, subject to call after one year.
Seattle, Wash.—Bonds Valid.—The following regarding
Athens, Athens County, Ohio.—Bond Sale.—On March 25
the S60U,000 electric-light bonds awarded July 9 1906 to
t he $6,000 5% 16-year (average) coupon electric-light-worksthe State of Washington appeared in the Seattle “Post- extension bonds, described in V. 84, p. 584, were awarded
Intelligencer”:
to the Somerset Bank of
Somerset, at 112.96 and accrued
Olympia, March 20.—The issue of $600,000 worth of bonds for the Im¬
interest—a basis of about 3.903%.
Following are the bids:
Well, Roth & Co., Clncln. .$6,588 00
provement and extension of the Seattle municipal lighting plant, the legality
60
Somerset
Bank,
Somerset__$6,777
of which was questioned by the State, has been declared to be legal by the
MacDonald,McCoy&Co.,Gin 6,555 00
Prov.S.B.& Tr.Co.. Cin__. 6,637 50
Supreme Court In a decision handed down to-day.
First Nat. Bank, Columbus 6,495 00
Seasongood & Mayer, Cin__ 0,623 28
The case was in reality a test case In the Interests of Seattle people,
W. R. Todd & Co.. Cln
6,420 00
Secur. S. B. & Tr. Go., Tol. 6,562 50
although it was entitled State of Washington ex rcl., John D. Atkinson,
Attorney-General, versus E. W. Ross, as Commissioner of Pubitcy Lands
Batavia, Clermont County, Ohio.—Bond Offering.—Pro¬
et al., and was begun in the Superior Court of Thurston County by the
State on the relation of Mr. Atkinson against the State Land Commssloner,
posals will be received until 12 m. April 22 by G. H. Rain,
to enjoin
the State Board of Land Commissioners from Investing the
Village Clerk, for the following bonds:
moneys of the permanent school fund of the State In an Issue of the general
$2,400
4 % coupon sidewalk-construction (village’s portion) bonds.
De¬
of
the
city
of
Seattle
S600,000,
authorized
the
City
Council
city bonds
of
by
nomination $500, except one bond for $400.
after the qualified voters of the city had voted on the question of the Issu¬
3,500 4 % coupon sidewalk-construction (village’s portion) bonds.
De¬
of the bonds.
nomination $500.
When the bonds were Issued Mr. Ross asked the Attorney-General his
opinion as to the legal status of the issue. Assistant Attorney Robert
Authority V. 97, p. 481, of the Ohio Laws. Date April 1
Booth of Seattle rendered an opinion that lie thought the bonds illegal.
1907.
Interest annually at the First National Bank of
The suit to enjoin was then brought to settle the matter.
as
ance
Blank bonds to be fur¬
be required to pay accrued
interest.
Certified check for $100, pajrable to the Village
Treasurer, is required with bids for each issue.
Bonded debt,
Maturity thirty years.
by purchaser, who will also
Batavia.
Bond Proposals and
Lave been as iollows:
Negotiations this week
Sale.—This city
(optional) water
bonds to the Abilene Water Co., in payment for its plant.
Denomination $1,000. Date Feb. 1 1907. Interest semi¬
Abilene, Dickinson County, Kan.—Bond
has issued at par $85,000 4% 5-30-year
annual.
nished
including these issues, $41,260. Assessed valuation
1906, $364,000.
Bay City, Bay County, Mich.—Bond Election.—On
this city will hold an election to vote on the
not
issuing the $200,000
V. 84, p. 664.
for
April 1
question of
4%, 30-year park bonds mentioned in
Decatur), Ind.—Bond Sale.—On
Benton County (Wash.) School District No. 16.—Bond
of 4^% coupon macadam road
Sale.— On March 16 the $16,000 5-10-year (optional) coupon
bonds, aggregating $25,100, described in V. 84, p. 705, were
awarded to the Old Adams County Bank of Decatur for high -school-building bonds described in V. 84, p. 523, were
awarded to Morris Bros, of Portland at 100.375 for 5s, the
$25,125 10 (100.10) and accrued interest, while the $4,480
purchaser
to pay cost of printing blank bonds. Following
(amount reduced from $4,880) 4*^% coupon Root & Preble are the bids:
macadam road bonds were awarded to J. F. Wild A Co. of Morris Bros., Portland (for 5s)
$ul6,060 00
C. H. Coffin, Chicago (for 5 J^s)
al6,160 00
Indianapolis for $4,485, the price thus being 100.116.
Seattle Trust & Title Co., Seattle (for 5 tjs)
al6,150 00
Adams County (P. O. West Union), Ohio.—Bond Offering.
Wm. D. Perkins & Co.. Seattle (for 5 ?^s)
al6.031 50
Rudolph Kleybolte & Co., Chicago (for 6s) __
016.451 50
—Proposals will be received until 12 m. April 6 at the office A.
J. Hood & Co., Detroit ( (for 6s)
16,450 00
of the Board of County Commissioners for $68,000 3F2%
1 (for 5s)
16,035 00
E.
&
H.
Rollins
Sons,
Chicago
(for
6s)
16,320 00
coupon turnpike refunding bonds.
Authority Section 2,834 Wm. R. Compton Bond & Mortgage Co., Macon (for 6s)
al6,085 00
of the Revised Statutes.
Denomination $500. Date April
And furnish bonds free of cost.
6 1907.
Interest semi-annually at the office of the County
Adams County (P. O.
March 26 the four issues
a
7«4
THE CHRONICLE.
Benton Harbor, Berrien County, Mich.—Bond Election.—
At the coming spring election a proposition to issue $30,000
funding bonds will be submitted to
a
vote of the people.
Bessemer, Jefferson County, Ala.—Bond Election Pro¬
posed.—This city is considering the advisability of ordering
an election to vote on the que stion of issuing $25,000 Second
Avenue storm-sewer, $50,000 school-improvement and $25,000 fire-department bonds.
Bloomington,
Monroe County, Ind.—Bond Sale.— On
4% 1-10-year (serial) school bonds were
awarded, it is stated, to X. W. Harris & Co. of Chicago at
March 21 $32,000
101.875.
Bristol, Sullivan County, Tenn.—Bond Offering.—John C.
Anderson. Chairman of Finance Committee, is offering at
private sale the $280,000 5% coupon water-works bonds
mentioned in V. 84, p. 705.
Denomination $1,000. Date
April 1 1907. Interest semi-annually in New York and
Bristol.
Maturity April 1 1937.
Brown City School District (P. O. Brown City), Sanilac
County, Mich.—Bond Offering.—Proposals will be received
from April 1 to April 5 by John \\. Weed, Director, for
$5,000 coupon school-building-improvement bonds at not
exceeding 4Vp/t interest. Denomination $1,000, except
out* bond for $2,000.
Interest annually at the Brown City
Savings Bank or Citizens' State Savings Bank.
Maturity
$1,000 in 1910, $1,000 in 1918, $1,000 in 1920 and $2,000
in 1922.
Bonded debt, including this issue, $9,000.
As¬
sessed valuation for
190(3, $292,380.
Camden, Camden County, N. J.—Bonds Not Sold.—No
<ale was made on March 25 of the $50,000 4% 30-year
registered or coupon hospital bonds described in V. 84, p.
We are informed the only bid received was irregular
045.
and was. therefore, rejected.
Camp Hill School District (P. O. Camp Hill), Cumberland
County, Pa.—Bond Sale.—On March 22 $1,600 of the $12,000
10-20-year (optional) coupon building bonds described in
V. 84, p. 705, were awarded to A. J. Haverstick at par and
accrued interest for 4s.
were
received
on
March 25 for the $125,000 4% coupon
city-hall bonds described in V. 84,
p.
700:
Geo. M. Bechtel & Co. of Davenport at par.
W. J. Hayes & Sons of Cleveland, par and accrued Interest.less$2,500 for
blank bonds, attorneys’ fees and other expenses.
Rudolph Kleybolte & Co. of Chicago, par, less $3,600 commission.
Harris Trust & Savings Bank of Chicago, par and accrued Interest; also
furnish blank bonds and bear all legal expenses for not to exceed $750,
provided the proceeds of the sale of the bonds are deposited In the com¬
pany’s bank for an average period of six months without interest, or
If withdrawn before six months to be discounted at 4%.
Action
bids
LXXXIV.
Denomination $500.
Date April 15 1907.
Interest semi¬
annually at the American Exchange National Bank in New
York City.
Clark County (P. O. Jeffersonville), Ind.—BondOffering.—
Proposals will be received until 12 m. May 1 by George B.
Parks, County Auditor, for $25,000 3}^% coupon poorasylum-construction bonds. Denomination $1,000. Date
May I 1907. Interest June l and Dec. 1 at First National
Bank of Jeffersonville.
Maturity $5,000 yearly on June 1
from 1909 to 1913, inclusive.
Bonds are exempt from taxa¬
tion.
Bonded debt at present $20,000.
Assessed valuation
1906 $13,653,980.
Cleveland, Cuyahoga County, Ohio.—Bonds Authorized.—
The City Council on March 11 passed an ordinance providing
for the issuance of $1,350,000 5% coupon street-improve¬
ment assessment bonds.
Denomination $1,000.
Date May
1 1907.
Interest semi-annually at the American Exchange
National Bank in New York City.
Maturity $150,000 on
Nov. 1 1907 and $300,000 yearly on Nov. 1 from 1908 to
1911 inclusive.
Clifton Forge, Alleghany County, Va.—Bonds
—On March 23 the City Council authorized the
Authorized.
issuance of
$75,000 public-school-building, street and other improvement
bonds.
College Hill, Hamilton County, Ohio.—Bond Sale.—On
March 25 the $1,310 70 6% 1-10-year (serial) coupon
ward Avenue
improvement bonds described in V. 84,
awarded to the Somerset Bank of Somerset
and accrued interest—a basis of about 3.989%.
are the bids:
were
at
Wood¬
p.
524,
109.845
Following
Someivset Bank, Somerset..$1,439 74 I
Brighton German Bk., CIn_$l ,361 05
Seasongood & Mayer, Cine. 1,395 50|Thos. T. Justls Jr
1,343 53
Prov.Sav.Bk.&Tr.Co.,Cinc. 1,376 501 Peter Seldenger..
1,320 10
Columbus, Franklin County, Ohio.—Bonds Authorized.—
for in
The issuance of the following bonds was provided
ordinances recently passed by the City Council:
$5,000 4% coupon street Improvement bonds.
Maturity Sept. 1 1918,
subject to call on Sept. 1 1908.
4,000 4)4% coupon sewer bonds.
Maturity Sept. 1 1909, subject to call
Sept. 1 1908.
Morrison Avenue improvement assessment bonds.
Maturity Sept. 1 1918, subject to call on Sept. 1 1909.
1,000 4% coupon Neighbor Alley improvement assessment bond.
MaV3 turlty Sept. 1 1918, subject to call on Sept. 1 1909.
2,000 4% coupon Champion Avenue improvement assessment bonds.
Maturity Sept. 1 1910, subject to call Sept. 1 1908.
on
6,000 4% coupon
*
Canton, Ohio.—Bond Sale.—On March 18 the $59,332 45
4% refunding bonds described in V. 84, p. 524, were awarded
to Seasongood
<fc Mayer of Cincinnati, while the $13,500
South Market Street assessment bonds and the $3,000 5%
Hurford Street assessment bonds offered on the same day
were awarded to William Wagner of Canton.
Cartaret County (P. O. Beaufort), No. Car .—Bond Offering.
—Proposals will be received until May 1 by W. S. Chadwick,
Trustee of Board of Commissioners, for $25,000 5% court¬
house bonds.
Denomination $5,000.
Interest semi-annual.
1
Maturity July 1917. Certified check for $500 on a national
or State bank, payable to W. S. Chadwick, Trustee, is re¬
quired.
Cedar Rapids, Lynn County, Iowa.—Bids.—The following
bids
[VOL.
Denomination $1,000.
Interest semi-annually in
Treasurer's office.
Date not later than June 1 1907.
March and September at the City
Covington, Newton County, Ga.—Bond Offering.—Pro¬
posals will be received until 7 p. m., April 15 (time extended
from April 1), by Geo. T. Smith, City Clerk, for $15,000
funding and $5,000 public-school 5% gold bonds. Authority
vote of 139 to 7 cast at election held Jan. 24 1907.
Denomi¬
nation $1,000.
Interest annually at City Clerk's office.
Maturity thirty years. Debt, including this issue, $43,000.
Cranston (P. O. Station No. 31, Providence), Providence
County, R. I.—Bond Offering.—Proposals will be received
until 2 p. in. April 10 by Daniel D. Waterman, Town Clerk,
for $100,000 4% coupon or registered gold bonds.
De¬
nomination $1,000.
Date May 1 1907. Interest semi¬
annually at the Town Treasurer’s office. Interest on regis¬
tered bonds will be mailed, if desired.
Maturity May 1 1947.
Cuyahoga County (P. O. Cleveland), Ohio.—Note Offering.
—Proposals will be received until 11 a. m. to-day (March 30)
by the County Commissioners for $21,470 5% coupon North
Ridge Road No. 2 improvement notes. Denomination
$1,130.
Date April 1 1907. Interest semi-annual.
Ma¬
turity $1,130 each six months from October 1 1907 to October
1 1916 inclusive.
Certified cheek for $1,000 is required.
Purchaser to have notes prepared at his expense.
Bond Sale.— On March 27 the $2,349 5% coupon improve¬
ment bonds described in V. 84, p. -585, were awarded to
Hayden, Miller <fc Co. of Cleveland at 102.681 and accrued
interest.
Following are the bids:
postponed.
(P. O. Charleroi), Washington
County, Pa.—Bond Sale.—On March 23 the $25,000 4J^ %
coupon school-building bonds, described in V. 84, p. 045,
were awarded to A. B. Loach & Co. of New York
City at
Th« so bonds mature on Majr 1 as follows: 82,000 in
101.55.
1913, $3,000 in 1910 and also in 1919; $4,000 in 1922 and in
1925; $5,000 in 1928 and $4 ,000 in 1931.
Charlotte, Mecklenburg County, N. C.—Bonds Not Sold.—
No sale was made on March 23 of the $175,000 4 1 c\ 30-yoar
Hayden. Miller & Co.. Clev. $2,412 00'Otis & Hough
$2,385 75
2,366 50
coupon funding bonds described in V. 84, p. 045.
The only Fremont Sav.Bk.Co.,Frem. 2,405 00 j W. J. Hayes & Son
bid received was from W. J. Hayes & Son of Charlotte, who
Dallas, Dallas County, Texas.—Bond Offering.—Proposals
offered par less commission and expenses. ,Interest payable
will be received until 12 m. April 10 by J. B. Winslett, City
January and July at the National Bank of Commerce in New Secretary, for the $150,000 high-school, $50,000 school¬
York ('ity.
building, $60,000 street-improvement and $27,500 city jail
Chicago—Town of North Chicago, Cook County, Ill.— 4%, gold bonds mentioned in V. 83, p. 1307. Denomination
Interest semi-annually at the Seaboard National
Bond Election.—At the regular spring election April 2 the i $1,000.
Bank in New York City.
Maturity forty years, subject to
of
question
issuing $500,000 park bonds will be submitted
call after ten years.
to a vote of tie* people.
Certified cheek for $1,000 is required.
Dayton School District, Montgomery County, O.—Bond
Chicago Junction, Ohio .—Bond Offering.—Proposals wil
Election.—A resolution was recently presented to the Board
be received until 12 m. April 6 by Wm. G. Gulling, Village
Clerk, for $12,000 5% Myrtle Avenue improvement bonds. of Education providing for an election next November on a
Denomination $1,200.
Date April 1 1907. Interest annual. proposition to issue $400,000 school bonds.
Delta, Fulton County, Ohio.—Bond Offering.—Proposals
Maturity $1,200 yearly on April 1 from 1908 to 1917 in¬
will be received until 12 m. April 22 by C. W. Hatton,
clusive
Village Clerk, for $2,087 95 51/2% Delta Street improvement
Cincinnati, Hamilton County, Ohio.—Bonds Authorized.— bonds.
Denomination $200, except one bond for $287 95.
The City Council has authorized the issuance of the follow¬
Date Feb 1 1907.
Interest March 1 and Sept 1 at the
ing bonds.
National City Bank in New York City.
Maturity $287 95 on
$2,500 4 % coupon hlghth Street viaduct repair bonds.
Date April 2 1907.
Sept. 1 1908 and $200 yearly on Sept. 1 from 1909 to 1917
Maturity April 2 190S.
Certified check for $200, payable to the Village
Denomination $500.
Interest semi-annually at the City inclusive.
required. Accrued interest to be paid by pur¬
Treasurer,
is
Treasurer’s office.
chaser.
The City Council on March 11 also authorized the issuance
Detroit, Wayne County, Mich.—Bond Election.—On April
of the following bonds:
1 a proposition to issue not exceeding $750,000 public$25,000 3.65% coupon sanitary bonds.
Maturity 20 vears.
135,000 3.65% coupon street-improvement bonds.
library bonds will be submitted to a vote of the people.
Maturity 40 years.
nil
was
Charleroi School District
.
Mar. do
Dillonvale School District
(P. O. Dillonvale), Jefferson
County, Ohio.—Bond Sale.—On March 23 the $25,000 4*^%
1-25-year (.serial) registered school-building bonds, described
in V. 84, p. 463, were awarded to the First National Bank of
Dillonvale at 105.60 and accrued interest—a basis of about
-3.946%.
Following are the bids:
First Nat. Bk.,
DIllovale.$26.400 00| W. J. Hayes & Sou. Cieve.$25.690
j Denlson&Farnsworth.Clev 25,567
Security Savings Bank <Sc
Trust Co.. Toledo
25,815
New First National Bank,
Columbus
25,812
765
THE CHRONICLE.
i907.j
00
50
00j MacDonald, McCoy & Co.,
I Cincinnati
25,505 00
501 Somerset Bank, Somerset. «5,038 50
Fredonia, Chautauqua County,
N. Y.—Bond Election.—
special election will be held on April 5 to vote on the
question of issuing $12,000 funding bonds.
Garretts ville, Portage County, Ohio.—Bond Of feeing.—
Proposals will be received until 12 m. April 15 by A. R.
Gates, Village Clerk, for $3,500 4% coupon additionalwater-works bonds.
Authority Sections 2835 and 2836 of
A
,
the Revised Statutes.
Denomination $500.
Date March 15
semi-annually at the Village Treasurer’s
office.
Maturity March 15 1917, subject to call after March
15 1912.
Certified check for $200, payable to the Village
a For $5,000 bonds.
Treasurer, is required.
Accrued interest to be paid by pur¬
Dunn County (P. O. Menominee), Wisconsin.—Bond Elec¬ chaser.
Successful bidder to furnish bonds and coupons,
tion.—On April 2 this county will vote on the question of without charge, upon forms to be approved by the village.
issuing $35,000 bridge-building bonds.
Gilmer, Upshur County, Texas.—Bond Sale.—The State
Durant, Ind. Ter.—Bond Election.—We are informed that Permanent School Fund on March 18 purchased $22,000 5%
an election will probably be held in about sixty days to vote
20-year water-works bonds on a 4% basis. Securities are
dated Aug. 1 1906.
on the question of issuing $20,000 sewer and $15,000 waterThe action originally taken calling this
extension bonds.
Glandorf, Putnam County, Ohio.—Bond Sale.—On March
election for March 11 was subsequently rescinded.
25 the $9,000 5% Main Street improvement bonds described
Durham, Durham County, No. Car.—Bond Election.—An in V. 84, p. 525, were awarded to Spitzer & Co., Toledo, at
102.911.
The following bids were received:
election will be held May 7 to vote on the question of issuing
$275,000 street-improvement and $25,000 sewer-system Spitzer &, Co., Toledo
$9,262 00 Denison & Farnswort h, Clev. 9,213 25
Otis & Hough, Cleveland.. 9,277 97 i Putnam County
Banking
bonds.
New First Nat. Bk.. Colum. 9 261 00
9,205 00
Co.. Ottawa
Macdonald, McCoy & Co..
, \V. J. Hayes & Sons, Clev.. 9,025 00
Durham County (P. O. Durham), No. Car.—Bond Election.
Chicago
9,220 00!
—An election will be held May 7 to vote on the question of
Grafton, Taylor County, W. Va.—Bonds Defeated.—At an
issuing the $300,000 road-improvement bonds mentioned in
election held March 19 a proposition to issue $37,500 funding
V. 84, p. 468.
and improvement bonds was defeated.
Hast Cleveland (P. O. Cleveland), Cuyahoga County, Ohio.
Grand Rapids, Kent County, Mich.—Bond Election.—The
—Bond Offering.— Proposals will be received until 12 m.
question
the $1,000,000 Grand Riverdike bonds
April 27 by James P. Arter, Village Clerk, for $21,000 5% mentionedof inissuing
V. 84, p. 586, will be submitted to a vote on
street-improvement bonds. Denomination $1,000. Date
May 1 1007.. Interest semi-annually at the Superior Sav¬ April 1.
Hamilton, Butler County, Ohio.—Bond Sale.—This city
ings & Trust Company in Cleveland. Maturity $3,000 each
six months from Nov. 1 1907 to Nov. 1 1910 inclusive. Cer¬ recently awarded the $5,000 4% 15-vear coupon storm-water
tified cheek lor 10% of bonds bid for, drawn on some bank sewer bonds described in V. 84, p. 646, to the Sinking Fund
in Cuyahoga County, and made payable ot the Village Treas¬ Trustees at par.
urer, is required.
Accrued interest to be paid by purchaser.
Hamptonburgh School District, Orange County, N. Y.—
Eden, Hancock County, Me.—Bond Sole.—On March 13 Bond Offering. — Proposals will be received by Henry I lion $75,000 4% high-school bonds were awarded at private sale berg, Trustee (P. O. Burnside) for $2,000 5% school bonds.
Date of bonds Denomination $200. Interest semi-annual. Maturity 10
to Denison A Farnsworth of Cleveland.
March 1 1907.
Interest semi-annual.
Maturin' from 1911 years. Assessed valuation $100,000.
to 1925.
Herrin, Williamson County, Ill.—Bond Election.—At the
Elmwood Place, Hamilton County, Ohio.—Bonds Pro¬ general (‘lection this spring this city will vote on t he issuance
posed.—The* citizens of this village have petitioned the Vil¬ of city-hall-building and jail bonds.
Hoboken, Hudson County, N. J.—Bonds Xot Sold.—No
lage Council to issue bonds for a now town-hall.
Elyria, Lorain County, Ohio.—Bond Offering.—Proposals bids were received on March 27 for the $20,000 4% 20-vear
will be received until 12 m. April 30 by Frank R. Fauver,
registered or coupon fire bonds described in V. 84, p. 586.
Hudson, St. Croix County, Wis.—BoruLSale.—On Feb. 25
City Auditor, for the following bonds, a description of which
was given in V. 84, p. 706:
the $20,000 20-year Jcoupon refunding bonds described
Maturity $5,000 in V. 84, p. 407, were awarded to tlie State of Wisconsin at
.$25,000 4% coupon water-works Improvement bonds.
Certified
yearly ou March 1 from 1919 to 1923 Inclusive.
check for $1 ,ooo required.
par and accrued interest for 3.75 per cents.
25,000 4 tjj% coupon bridge bonds.
Maturity $5,000 yearly on March 1
Hudson County (P. O. Jersey City), N. J.—Bond Offer¬
from 1910 to 1914 Inclusive.
Certllied check for $1,000 re¬
quired.
ing.—Proposals will be received until 4 p. m. April 4 by the
20,000 4 V*>% coupon pavement (city’s portion) bonds.
Maturity $4,000 Board of Uhosen Freeholders for $90,000 4% registered
yearly on March 1 from 1909 to 1913 inclusive.
Certified
check for $1,000 required.
high way-bridge-reconstruction bonds. Denomination not less
Denomination $1,000.
Date March 1 1907. Interest than $1,000. Date April 1 1907. Interest semi-annual.
semi-annually at the office of the United States Mortgage Maturity April 1 1927. Certified check (or cash) for $500,
& Trust Co. of New York City.
Bids must be made on blank payable to Stephen M. Egan, County Collector, is required.
Walter (VMara is County Clerk.
forms furnished by the city and must be accompanied by
Idaho.—Bond Offering.—Proposals will be received until
certified checks in the above amounts, payable to the City
12 m., April 25, by C. A. Hastings, State Treasurer, P. O.
Treasurer.
Boise, for the following bonds:
Emporia School District (P. O. Emporia), Lyon County, $50,000
4% University of Idaho rebuilding bonds—$1,000 each.
Kan.—Bond Election.—An election will be held April 2 to
30,000 4% publlc-bulldlng-endowment fund bonds—$500 each.
50,000 4 "o Idaho industrial-training-school bonds—$1,000 each.
vote on the question of issuing $8,000 school-building bonds.
21,000 4 % Idaho academy-improvement bonds—$500 each.
Maturity twenty years, subject to call after ten years.
45,000 4% Northern Idaho Insane-asylum-improvement bonds—$1,000
each.
Enterprise School District No. 10 (P. O. Enterprise),
40,000 4% Idaho-Lewiston-State normal school bonds—$500 each.
20,000 4% Albion-State normal school bonds—$500 each.
Owyhee County, Idaho.—Bond Sale.—On March 16 the $500
3,000 4% Meadows-Payctte-Lake wagon road iund bonds—$500 each.
6% school bonds described in V. 84, p. 525, were awarded
10,000 4 °o Idaho County bridge and wagon road fund bonds—$500 each.
the State of Idaho at par.
Following are the bids:
Idaho
$500 00! First National Bank, Dolgevllle, N. Y
FlrstNat.Bk.,Hamptou,Ncb_ 502 50!
$500 00
Erie County (P. O. Buffalo), N. Y.—Bond Sale.—On March
23 the $250,000 4% 13-22-year (serial) registered armory-
to
State of
completion bonds described in V. 84, p. 706, were awarded
to the Buffalo Savings Bank of Buffalo at par and accrued
interest.
A bid was also received from \Y. J. Hayes & Sons
of Cleveland at par and accrued interest, less $1,800 for at¬
torney’s fees and other expenses.
Evanston, Cook County, Ill.—Bonds Authorized.—This
city recently authorized the issuance of $40,000 public-
library-completion bonds.
1907.
Interest
5,000 4 "7» Idaho soldiers’ home Improvement bonds—$1,000
5,000 4 % Atlanta road fund bonds—$500 each.
each.
Denominations $1,000 and $500.
Interest semi-annual.
Maturity twenty years, subject to call after ten years.
Certified check for 5% of amount bid is required.
Imperial School District, San Diego County, Cal.—Bond
Offering.—Proposals will be received until April 4 by John F.
Schwartz, County Treasurer (P. O. San Diego), for $7,000
bonds.
Indiana,
Indiana County,
bids received
on
Pa.—Bond Sale.—The only
March 25 for the $20,000 4% 30-year coupon
paving bonds described in V. 84, p. 707, were
vestors at par.
from local in¬
Evansville School City, Vanderburgh County, Ind.—Bond
Ionia City, Ionia County, Mich.—Bond Election.—This
OfferingProposals will be received until 4 p. m. April 25 city has decided to hold an election to vote on a proposition
by the Board of Trustees for $132,000 3H»% school-funding to issue $20,000 city-hall bonds.
and improvement bonds.
Denominations $1,000. $500,
Jackson County (P. O. Jackson), Minn.—Bond Sale.—On
$200 and $100.
Date May 1 1907. Interest semi-annually
March 13 this county awarded the $65,000 4% court-house
at the Citizens' National Bank of Evansville.
Maturity bonds voted on Marc* 4
84, p. 646) to the State of Min¬
$13,200 yearly on May 1 from 1908 to 1917 inclusive.
Cer¬ nesota at par. Date of (V.
July 1 1907. Interest an¬
bonds
tified cheek for 3% of the amount bid, payable to the Board
nual.
Maturity from 1915 to 1927 inclusive.
of Trustees, is required.
Jacksonville, Cherokee County, Tex.—Bonds Defeated.—
Fergus Falls, Otter Tail County, Minn.—Bond Election.— At the election March 16 a proposition
to issue $25,000 pub¬
An election will bo held April 2 to vote on the question of
lic-school-building
bonds
was defeated.
issuing $24,000 4% electric-light-plant bonds.
Joliet, Will County, Ill.—Bonds Voted.—The City Council
Fort Pierre, Stanley County, So. Dak.—Bonds Voted.—
has decided to issue $50,000 4U>% improvement bonds.
In¬
An election held recently resulted in a vote of 106 to 1 in
terest semi-annual.
favor of a proposition to issue $10,000 court-house bonds-.
Lakewood, Cuyahoga County, Ohio.—Bond Offering:—
Proposals will be received until 12 in., April 22, by B. M.
Cook, Village Clerk, for SI,330 5% Kenilworth Avenue
construction main-sewer assessment bonds.
Denomina¬
tion $133.
Date April 1 1907. Maturity $133 yearly on
Oct. 1 from 1908 to 1917 inclusive.
Interest semi-annually
at the Cleveland Trust Company of Cleveland.
Certified
check for 5% of the amount bid is required.
Lancaster School District (P. O. Lancaster), Pa.—Bond
Sale.—On March 20 the $60,000 4% gold coupon school¬
building and refunding bonds described in V. 84, p. 708,
were
awarded
as
follows:
$20,000 bonds due Jan. 15 1932 awarded to W. U. Hensel
at
103.2G and accrued'interest.
20,000 bonds due Jan. 15 1933 awarded to W. U.
at 103.36 and accrued interest.
20,000 bonds due Jan. 15 1935 awarded to John B.
at 104.01 and accrued Interest.
The other bids
were
as
of Lancaster
Hensel of Lancaster
Warpel of Lancaster
follows:
LancasterTr. Co., Lancaster.$61,428]; W. J. Hayes & Sons, Cleve__$60,704
Northern Tr. Co., Lancaster. 61,362 , Emery, Anderson &Co.,Clev. 60,390
Union Trust Co., Lancaster.. 61.1311
Laredo, Webb County, Tex.—Bond Election.—An election
April 2 to vote on the question of issuing $40,000
will be held
5% 10-40-year (optional) school-building bonds mentioned
84, p. 647.
Lathrop School District (P. O. Lathrop), Clinton County,
Mo.—Bond Election.—The question of issuing $12,500 5%
building bonds will be submitted to the voters on April 2.
Maturity twenty years, subject to call $2,500 after five years,
$5,000 after ten years and $5,000 after fifteen years.
Laurinburg, Scotland County, N. C.—Bond Offering.—
Proposals will be received until 11 a. m. April 12 by F. L.
Bundy, Mayor, for $50,000 6% funding and refunding bonds.
in V.
Date Jan. 1 1907. Interest semi¬
annually at the Town Treasurer’s office. Maturity $2,000
yearly on Jan. 1 from 1917 to 1941 inclusive, all bonds falling
due after Jan. 1 1927 being subject to call.
Certified check
for $1,000 is required.
Purchaser to furnish blank bonds.
Official advertisement states that there is no litigation
Denomination $1,000.
threatened or pending and that there
default in the payment of obligations.
issue.
Assessed valuation $575,000.
has never been any
Bonded debt, this
Lestershire, Broome County, N. Y.—Bonds Voted.—On
March 19 this village authorized the issuance of $8,500 5%
water-works bonds by a vote of 132 to 26.
London, Ont.—Debenture Sale.—On March 8 the following
debentures were awarded to Wood, Gundy & Co. of Toronto:
$271,553 52 4 % local-lmmovcment debentures.
Maturity part yearly for
ten years.
10,000 00 4% school-debentures.
Maturity Oct. 1 1936.
Maturity May 21
11,000 00 4 % water-works debentures.
6,000.00 4 % break-water debentures.
1936.
Maturity June 30 1936.
Interest semi-annual.
Lidgerwood School District (P. O. Lidgerwood), Richland
County, N. D.—Bond Sale.—This district has awarded the
$7,500 4% 10-20-vear (optional) school-addition bonds
mentioned in V. 84, p. 465, to the State of North Dakota
at par.
Denomination $500. Date April 1 1907. Interest
semi-annual.
Limestone County (P. O. Athens), Ala.—Bonds Voted.—
On March 23 $135,000 4}o% 30-year road-improvement
bonds were authorized by a vote of about 850 to 140.
Nego¬
tiations are now pending for the sale of these bonds.
Long Beach School District, Los Angeles County, Cal.—
Bonds Defeated .—The election held March 21 resulted in
defeat of the propositions to issue $200,000 high-school
the
and
$100,000 grammar-school bonds. The vote on the highschool proposition was 331 “for” to 660 “against,” while on
the grammar-school issue it was 510 “for” to “434” against”
—two-thirds being necessary to authorize.
Louisville, Jefferson County, Ky.—Bond Sale.—Up to
March 26 $121,000 of the $1,000,000 4%Louisville Water Co.
gold coupon mortgage bonds, offered without success on
March 6 (V. 84. p. 586), were disposed of at par and interest,
$56,000 to J. M. Fetter and $65,000 to II. V. Loving, Presi¬
dent of the Louisville Trust Co
Lynn, Essex County, Mass.—Temporary Loan.—The City
Treasurer has negotiated a loan of $50,000 with
Loan matures in one year.
Goodwin of Boston.
Bond &
McComb, Hancock County, Ohio.—Bonds Authorized.—The Village Council on
March 4 passed
an
ordinance provid¬
ing for the issuance of $2,790 5% coupon clcctric-light-imDate April 1 1907.
provement bonds. Denomination $465.
Interest semi-annually at the Village Treasurer’s office.
Maturity $465 each six months from Oct. 1 1907 to April 1
1910 inclusive.
Madison, Morgan County, Ga.—Bonds Voted.—This town
March 15 voted to issue $65,000 water-works and sewersystem bonds.
Mahoning County (Ohio) Road District No. 1.—Bond
on
Offering.—Proposals will be received until 11 a. m. April 20
by North Newton, Secretary of Board of Road Commis¬
sioners, Room 215, Dollar Bank Building, Youngstown, for
$100,000 5% coupon road-improvement bonds. Authority
an
Act passed April 26 1898, amended April 8 1904 and
April 2 1906. Denomination $1,000. Date "May 1 1907.
Interest payable April 1 and Oct. 1 by the County Treasurer.
Maturity $5,000 each six months from April 1 1910 to Oct.
1 1919 inclusive.
Certified check on a Mahoning County
[VOL.
THE CHRONICLE.
766
bank for $1,000 must be deposited
the Board of Road Commissioners.
LXXXIV.
with the Secretary of
Purchasers
must
be
prepared to take the bonds not later than May 1, the money
to be delivered at one of the banks in Mahoning .County or
at the office of the Count}* Treasurer.
These securities
take the place of the $100,000 4% bonds offered but not sold
March 20.
on
Manchester, Hillsborough County, N. H.—Bond Sale.—
On March 28 $50,000 4% 20-year coupon refunding bonds
were awarded to Merrill, Oldham
& Co. at 100.916 and
accrued interest—a basis of about 3.934%.
Following are
the bids:
Merrill,01dham&Co.,Boston_100.9161 Estabrook & Co., Boston
100.156
Denison&Farnsw'th,Cl.<tpos 100.077
Geo. A. Fernald & Co., Bost_100.06
N. YV. Harris & Co., Boston.100.899]
A. J. Lane, Manchester
100.349]
A.B.Leach & Co., New York. 100.25
Blake Bros. & Co.. Boston..100.21
j Merrimack River Savings Bk.,
|
Manchester
100.00
Denomination
$1,000. Date April 1 1907. Interest
semi-annually at the Second National Bank in Boston. These
bonds will be certified to as to their genuineness by the City
Trust Co. of Boston, and their legality has been approved
by Messrs. Storey, Thorndike, Palmer & Thayer of Boston.
Manchester School District (P. O. Manchester), Chester¬
field County, Va.—Bond Sale.—On March 20 the $15,000
5% 34-year coupon high-school-building bonds described in
V.* 84, p. 647, were awarded $10,000 to the Mechanics’ <&
Merchants’ Bank of Manchester at par and $5,000 to the
Bank of Manchester at par.
Following are the bids:
Mechanics’ & Merchants’ Bank, Manchester (for $10,000)
Bank of Manchester, Manchester (for $5,000)
S. A. Kean, Chicago
A. J. Hood & Co., Detroit
$10,000
5,000
15,525
15,225
Interest semi-annual.
Mathist on ^Webster County, Miss.—Bonds Not Sold.—Up
to March 20 no award had been made of the-$12,000 6%
school-building bonds described in V. 84, p. 408. A bid of
par for straight 20-year bonds has been received from the
First National Bank & Trust Co. of Laurel.
Meaford, Ont.—Debenture Offering.—Proposals will be re¬
April 8 by the Town Clerk for $19,751 4l/2%
local-improvement debentures. Interest payable at the
ceived until
Molsons Bank of Meaford.
Medina, Medina County, Ohio.—Bonds Voted.—This place
recently authorized the issuance of $32,000 water-works and
$23,000 sewer bonds. The vote was 535 to 67 on the water¬
works bonds and 507 to 95
on
the
sewer
bonds.
Middleport, Meigs County, Ohio.—Bond Sale.— On March
16 the $4,200 4^*2% 5-year (average) coupon paving assess¬
ment bonds described in V. 84, p. 526, were awarded to the
Pomeroy National Bank of Ohio at 101.809 and accrued
interest—a basis of about 4.096%.
Following are t he bids:
Pomeroy Nat. Bk., Pom$4,276
Rlch’d Horden, Agt., Mld’p’t4,267
Somerset Bank, Somerset._ 4,265
Security Savings Bank &
Trust Co., Toledo
4,254
00 Well, Roth & Co., CInn.-_$4,243 50
00 New First National Bank,
10
Columbus
4,225 00
Otis & Hough, Cleveland-. 4,215 00
50
Milwaukee, Milwaukee County, Wis.—Bond Election.—An
election will Ik* held on April 2 to vote on the question of
issuing $250,000 auditorium, $250,000 police-station, $100,
000 fire-department and $100,000 garbage-crematory bonds
Mineral, Cherokee County, Kan.—Bond Sale.—This city
has made arrangements for the issuance to the-contractor
(in payment for the work of construction) of the $10,000 6%
20-year registered water-works bonds mentioned in V. 84,
]>. 408.
Tlie city has no debt at present. Assessed valu¬
ation, $68,555.
Minneapolis, Hennepin County, Minn.— Bond Sale.—On
Feb. 23 $35,750 5% water-works bonds were awarded to the
State Board of School Fund Commissioners at par.
Denomi¬
nation $1,000.
Interest January and July. Maturity 1.927,
subject to call at any time.
Minneapolis, Ottawa County, Kan.—Bonds Proposed.—
A bill has been prepared for introduction in the Legislature
providing for the issuance of not exceeding $100,000 publiclibrary bonds.
Mitchell School District (P. O. Mitchell), Davison County,
S. D.—Bond Election Proposed.—The Board of Education is
considering the advisability of submitting to a vote at the
spring election the question of issuing $100,000 high-school¬
building bonds.
Montgomery, Ala.—Bond Sale.—According to 'local
papers, arrangements have been made for the sale of the
$468,000 44^2% 30-year refunding bonds offered without
success on Feb. 11.
The purchaser is Martin H. Sullivan
and the price paid par and interest.
Napoleon, Henry County, Ohio.—Bond Sale.—On March
26 the $1,250 5% 3-year (average) sewer-assessment bonds
described in V. 84, p. 526, were awarded to D. Mcekisen
of Napoleon at 101.68—a basis of about 4.397%.
Following
are
the bids:
D. Mecklscn,
M. Donnelly,
Napoleon
Napoleon..
$1,271 00 !J. D. Groll, Napoleon
1,260 00] John Brown, Napoleon
$1,256 50
1,255 25
Neoga School District (P. O. Neoga), Cumberland County,
April 1 this district will vote on the
Ill.—Bond Election.—On
question of issuing $5,000 refunding school bonds.
Denomi¬
nation $500.
New Rochelle, Westchester County, N. Y.—Temporary
Loan.—On March 26 $50,000 6% four months’certificates of
indebtedness were awarded to the National City Bank of
New Rochelle at par.
Cattaraugus County,
March 19 it was de¬
about $60,000 sewer bonds.
Norwood, Hamilton County, Ohio.—Bonds Voted.—The
election held March 18 (Y-. 84, p. 466) resulted as follows:
$35,000 Section Avenue Viaduct building bonds, authorized by a vote of
1,625 to 160.
35,000 market-house-building bonds, authorized by a vote of 1,176 to 429.
The proposition to issue Marion Avenue viaduct bonds
North Olean (P. O. Sta. No. 1, Olean),
N. Y.—Bonds Voted.—At the election
cided by a vote of 99 to 16 to issue
Ridgewood, Bergen County, N. J.—Bond Offering.—Pro¬
posals will be received until 8 p. m. April 16 by J. Blauvelt
Hopper, Village Clerk, for $60,000 5% highway-improve
ment bonds.
Authority Chapter 96, Laws of 1891. De¬
nomination $500.
Date May 1 1907. Interest semi-annual.
Maturity on May 1 as follows: $1,000 yearly from 1914 to
1917 inclusive; $5,000 yearly from 1918 to 1921 inclusive
and $6,000 yearly from 1922 to 1927 inclusive.
Certified
check or cash for 5% of the amount bid is required.
defeated.
was
N. Y.—Temporary Loan.—On March 26
8-months local-improvement fund notes were
awarded to the Rochester Savings Bank, $50,000 at 5.75%
and $5 premium and $50,000 at 5.50% and $5 premium.
Rochester,
Sold.—Up to March 20
no award had yet been made of the $9,000 5% debentures
offered on Feb. 22.
See V. 84, p. 352, for description of
Olds.
7G7
THE CHRONICLE.
xMar. 30 1007. j
Alberta.—Debentures Xot
$100,000
these securities.
The bids
were as
follows:
Rochester.'._-i$50,000 at 5.75% amt $5 premium
\ $50,000 at 5.50 % and $5 premium
$100,000 at 5.75% aiul $12 premium
Broadway Savings Institution, New York
$10,000 at 6%.
in V. 84,
Rotterdam and Niskayuna School District No. 12, Schenec¬
of about 4.265%.
Following are the bids:
tady County, N. Y.—Bond Offering. — Proposals will be re¬
W’dm n of the World ,0m.$203,300 00
ceived until 12 m. April 1 bv A. T. Blessing, Attorney-atEstabrook & Co., Boston $206,300 00!
N.W.Halsey & Co., Chic. 203,100 00
First Nat. Bank, Chicago 205,020 00|
Mason,
Lewis
&
Co.,Cldc.
201,327
50
Law, for $18,000 5%, new-school-house bonds. Authority
W. J. Hayes & Soiis,Clev. 204,721 00
George Dohne, Chadron
Section 18, Article 2, Title 7, of the ‘‘Consolidated School
Blodget, Merritt & Co.,
(for $50,000)
52.750 00
Boston
204.374 00
Law” and amendments thereto.
Denomination $1,000.
Western German
Bank,
Spitzer & Co., Toledo... 204,353 00
Clneinnatl(forl$50,000)
51,010 00 Date April 1 1907.
Interest
at the Citizens’ Trust
Harris Trust & Savings
annually
Seasongood
Mayer,
&
Omaha, Douglas County,
Neb.—Bond Sale.—On March 22
4)4%
648, weiv
basis
$50,000 intersection and the $150,000 sewer
p.
20-year coupon bonds described
awarded to Estabrook & Co. of Boston at 103.15—a
the
Rochester Savings
Bank,
The Bank for Savings,
New York
*
Bank, Chicago
City Savings 13k.,
203,800 00
Omaha 203,535 00|
50,645 50
Cincinnati (for $50,000)
Oneonta Union Free School District No. 5 (P. O. Oneonta),
Otsego County, N. Y.—Bond Offering.—Proposals
$10,000
registered or coupon
Date March 8 11)07.
to 1927 inclusive.
bonds:
school-building bonds.
Maturity $500 yearly
mit
court-house bonds;
St. Petersburg, Hillsboro County, Fla.—Bond
March 25 the $63,000 6% gold sewer, street , school
from
on
annually at the
or New
the “Treas¬
Interest (rate not to exceed 4%) payable
Wilber National Bank of Oneonta. . Certified check
York draft for 2%, of bonds bid for, payable to
urer School District No. 5, Oneonta,” is required.
Otoe County (P. O. Nebraska City), Neb.—Bond Sale.—
Reports state that the $75,000 20-year coupon
bonds offered without success as 334s on March 4 (V. 84, p.
648) have been disposed of to the State as 3.70s.
Painesville, Lake County, Ohio.—Bond Sale.—On March
26 Weil, Roth & Co. of Cincinnati offered $58,03L (100.053)
for the three issues of 4% coupon street-improvement bonds,
refunding
plant bonds
ter-plant-improvement bonds.
Salem, Columbiana County,
648.
Nuveen
received:
April 1 1907.
Maturity
April 1 1927.
Pawhuska School District (P. O. Pawhuska), Osage
Nation, Okla.—Bond Sale.—This district recently
of $20,000 school bonds.
Pike County (P. O. Petersburg), Ind.—Bond Offering.—
disposed
received until 2 p. m. April 2 by O. D. Har¬
for the $16,272 434% coupon Madison
Township road-improvement bonds mentioned in V. 84, p.
709.
Denomination $452. Interest May and November
at the First National Bank of Petersburg.
Maturity one
bond each six months.
The county has no bonded debt at
present. Assessed valuation $406,095.
Portsmouth, Norfolk County, Va.—Bonds Not Sold.—No
bids were received on March 28 for the $150,000 4% coupon
school, street-improvement and sewer bonds described in
Proposals will be
ris, County Treasurer,
V. 84, p.
527.
Poughkeepsie, Dutchess County, N. Y.—Bond Bid.—
Proposals were asked for up to 12 m. yesterday (March 29)
by J. K. Sague, Mayor, for $40,000 4% 20-year registered
refunding bonds. Denomination $1,000. Date March 1
1907.
Interest semi-annually at the Fallkill National Bank
of
Poughkeepsie.
The highest bid
receivedjat the sale was
100.50.
Purcell, Chicasaw Nation,
Ind. Ter.—Bond Sale.—On
awarded to
at ('lec¬
Feb. 1
March 18 $20,000 5% 20-year school bonds were
A. J. McMahan at par.
Authority vote of 198 to 75
tion held Jan. 16.
Denomination $1,000. Date
1907.
Interest
semi-annual.
International Falls), Koochiching County,
Minn.—Bond Offering.—Proposals will be received until
1 p. m., April 15 by P. A. Erickson, Town Clerk, for $10,000 6% coupon road and bridge bonds.
Denomination $500.
Date May 15 1907.
Interest June 1 and Dec. 1 in Minneapo¬
lis.
Maturity $500 yearly on May 15 from 1912 to 1926
inclusive and- $2,500 on May 15 1927.
Bonds are exempt
from taxation.
Certified check for $1,000, payable to J. W.
Heritage, Town Treasurer, is required. Bonded debt, this
issue.
Assessed valuation in 1906, $13S,000.~
Richland Parish School District No. 1, La .—Bond Sale.—
On March 15 the $9,000 5% 1-9-year (serial) coupon school¬
building bonds described in V. 84, p. 467, were awarded to
C. H. Coffin of Chicago atr par less 2% for expenses.
Ray (P. O.
Ohio.—Bond Sale.—On
-
.
Date
Chicago.
Salamanca, Cattaraugus County, N. Y.—Bonds Voted.—
An election held March 19 resulted in favor of propositions
to issue $5,000 lighting-plant-improvement and $20,000 wa¬
issuing the water-works bonds mentioned in V. 84, p.
Pawhuska, Osage Nation, Okla.—Bond Sale.—On March
25 $12,000 6% city-hall bonds were awarded to John
& Co., Chicago, at 104.47.
The following bids were
John Nuveen & Co.. Chlc.$12,536 40| Spitzer & Co., Toledo
$12,228 00
Trust Company of Dallas. 12,415 00| Oklahoma Bond & Trust
A. C. Speers & Son, Chic._ 12,350 00|
Company
12,125 00
$1,000.
Sale.—On
and water-
described in V. 84, p. 649, were awarded to the
Columbus, O. A bid was also
First National Bank of
received from S. A. Kean of
New
aggregating $58,000, described in V. 84, p. 648.
Papillion, Sharky County, Neb.—Bonds Voted.—The elec¬
tion March 19 resulted in a vote of 105 to 33 in favor of
Denomination
Cal.—Bond Elec¬
Proposed.—On March 8 the Supervisors decided to sub¬
to a vote of the people the question of issuing $500,000
tion
Denomination
$1,000.
yearly
June 12
bonds.
100,000 registered or coupon school-building
Maturity $5,000
Date June 12 1906.
1907 to 1926 inclusive.
Denomination $500.
on March 8 from 1908
Maturity $1,000 yearly on April 1
1927 inclusive.
Sacramento County (P. O. Sacramento ),
from 1910 to
will be
M. G. Keenan, Clerk of
received until 8 p. ni. April 9 by
Board of Education, for the following
Schenectady.
Company of
434% 9-year (average) coupon refund¬
ing bonds, described in V. 84, p. 649, were awarded, it is
stated, to Rudolph Kleybolte & Co. of Cincinnati at 104.03—
a basis of about 3.964%.
Following are the bids:
March 25 the $17,000
$17,500
R. Todd & Co.. Cln
10 W. J.
Hayes & Son.Cleve. 17,472
20 W.
00 Secur. S. B. & Tr.Co., Tol. 17,391
McDonald,McCoy&Co.,Cln 17.560 00 New First Nat. Bk., Colum 17,382
Dcnlson&Farnsworth.Clev 17,352
Prov. S. B. & Tr. Co.. Cln. 17,552 50
17,323
Well. Roth & Co.. Cln
17,540 00 S. A. Kean, Chicago
Hayden,Miller & Co., Clev. 17,529 00
Cleveland Tr. Co., Cleve__ 17,518 50
R. Kleybolte & Co.. Cin..$17.685
Seasongood & Mayer, Cln. 17,622
Lamprecht Bros.&Co.,Clev 17,561
A bid was also
bonds.
received from Emery, Anderson
San Luis Obispo County
Bond Offering.—Proposals
00
00
00
50
00
00
&’Co., Cleveland, for 4%
(P. O. San Luis Obispo),
Cal.—
will be received until 10 a. m.,
April 2, by the County Clerk for $26,000 5% road-improve¬
ment bonds.
Certified check for 10% of bid required.
Sault Ste. Marie, Chippewa County, Mich.—Bond Election.
—On April 1 a proposition to issue $20,000 fire-departmentbuilding bonds will be submitted to a vote of the people.
Scottdale, Westmoreland County, Pa.—Bond Sale.—On
March 25 the $6,000 garbage-furnace, $11,200 funding and
$12,800 sewer 5% coupon bonds, a description of which was
given in V. 84, p. 649, were awarded to W. J. Hayes & Sons
of Cleveland at 104.28 and accrued interest.
Following
the bids:
are
W. J. Hayes
S. A. Kean,
& Sons, Cle_a$31,284 001
Chicago
&31.950 00!
Cleveland Tr. Co., Clev_. 031,350
Emery, Anderson & Co.,
Cleveland
a$30,900
Municipal & Corporation
Securities Co.. PIttsb_ a30,750 00
00; Denison & Farnsworth,
• ! Cleveland
00 J
a30,471 25
And accrued Interest.
0 Bids said to be Irregular,
a
therefore not considered.
Seattle, King County, Wash.—Bonds Not Sold.—No sale
was made on March 20 of the $2,250,000 5% coupon water
bonds, described in V. 84, p. 649. An offer of $2,118,150
(94.14) was received from George
but this bid was rejected.
Shakopee, Scott County,
H. Tilden & Co. of Seattle,
Minn.—Bonds Proposed.—The
park bonds is being considered.
Sherburne, Chenango County, N. Y.—Bonds Voted.—On
issuance of $10,000
March
19 this
village authorized the
issuance of $15,000
electric-light-plant bonds. The vote was 127 to 17.
*
Sherman, Grayson County, Tex.—Bond Election 's- An
election will be held to vote on the question of issuing $27,000
high-school-building bonds.
Shreveport, La.—Aro Action Yet Taken.—Up to March 18
further action had yet been taken looking toward the is¬
suance of the $40,000 bonds for the purchase of several sites
no
for
a
park system and the $75,000
city-hall bonds voted
Jan.15.
We are informed that the matter of issuing the $300,000
bonds for various improvements recommended by the
has been dropped.
on
Mayor
Sonoma County
On March 19 the
bonds offered on
(P. O. Santa Rosa),
Cal.—Bond Sale.—
court-house
the Adams
$280,000 434% gold coupon
March 15 were awarded to
Phillips Co. of Los Angeles at
Following are the bids:
105.394 and accrued interest.
[VOL.
THE CHRONICLE.
768
LXXXIV.
plant bonds voted on March 5. Authority, Section 8504,
Cobby’s Annotated 1905 Statutes of Nebraska. Denomi¬
nation $500, except one bond for $250.
Date May 1 1907.
E H.Rolllns&Sons.SanFr. 290,500 00j
Interest annually at Nebraska fiscal agency in New York
South Boston, Halifax County, Va.—Bonds Voted.—An City.
Maturity May. 1 1927, subject to call after May 1 1917.
election held March 18 resulted in favor of a proposition to
Deposit of 2% of bonds is required.
issue $8,500 5% 84-vear street, sewerage and water improve¬
Tilden, Madison County, Neb.—Bond Offering.—Proposals
ment bonds.
will be received until 3 p. m. April 6 by F. L. Putney, Village
Spottsylvania County,(P. O. Spottsylvania), Va.—Bond Clerk, for $18,000 5% coupon water-works bonds. Author¬
Election.—The Board of Supervisors has decided to hold an
ity election held Jan. 29 1907. Denomination $1,000. Date
election to vote on the question of issuing not exceeding
July l 1907. Interest annually in New York City. Ma¬
$50,000 public-roads-iinprovement bonds.
turity July 1 1927, subject to call after July 1 1917. CertiSpringfield, Clark County, Ohio.—Bond Sale.—On March iied check for $500, payable to Ed. B. Houser, Village Treas¬
20 the $35,000 4% 19 2-3-year (average) coupon water-works
urer, is required.
The village has no debt at present. As¬
bonds described in V. 84, p. 528, were awarded to Season- sessed valuation 1906 $116,122.
good & Mayer of Cincinnati at 103.142 and accrued interest —
Topeka, Shawnee County, Kansas.—Bond Election.—At
a basis of about 3.772%.
Following are the bids:
the city (‘lection April 2 the- question of issuing $40,000
Season good & Mayer, Clnc_$36,100 00; Brighton-German Bk.,Oin.$35,563 50
elertric-light-improvement. bonds will be submitted to the
Central Trust & Safe DeEmery. Anderson & Co.,
Cleveland
posit Co., Cincinnati... 35,917 20j
35,262 50 people.
Trenton, Mercer County, N. J.—Bonds Authorized.—On
Staples, Todd County, Minn.—Bonds Proposed.—This city
March 19 this city passed an ordinance providing for the
is considering the advisability of issuing $25,000 school¬
issuance of $89,300 4% coupon or registered street-improve¬
building bonds.
bonds.
Interest semi-annually at City Treasurer’s
Sulphur Springs Independent School District (P. O. Sul¬ ment
office.
ten years.
Maturity
phur Springs), Hopkins County, Tex.—Bonds Authorized.—
The Board of Trustees has decided to is®sue $50,000 school-'
Troy, N. Y.—Bond Sale.—On March 12 $23,197 02 4%
Prospect Park bonds were awarded to the Troy Trust Co.
building bonds.
for $23,222 02, the price thus' being 100.107—a basis of
Tarentum, Allegheny County, Pa .—Bond Offering.—Pro¬
about 3.993 %•
Denomination $1,000, except one bond for
posals will be received until 2 p. in. April 22 by VV. A. (lib- $197 021 Date March 1
1907.
Interest
semi-annual:
son, Borough Secretary, for $28,000 4}/2% coupon grading,
Maturity March 1 1927.
curbing, paving and sewer bonds. Denomination $1,000.
Bonds Aot Sold.—No sale was made of $21,150 publicDate May 1 1907.
Interest semi-annual. Maturity $10,000 improvement bonds offered on March 12.
May l 1927, $10,000 May l 1932 and $8,000 May 1 1937.
Trumbull County (Ohio) Road District No. 1.—Correction.
Bonds are exempt from taxation.
Certified check for $500, —We are informed that the successful bidders for the $74,000 5% coupon improvement bonds offered on March 9
payable to A. J. Fulton, Borough Treasurer, is required.
were
Breed A Harrison of Cincinnati and not MacDonald,
The official notice of this bond offering will be found among
McCoy A: Co. of Chicago, as originally reported.
the advertisements elsewhere in this Department'.
Tucson, Pima County, Ariz.—Bonds Voted.—This city
Tecumseh, Johnson County, Neb.—Bond Offering.—Pro¬
posals will bo received until 7:30 p. in. April 10 by
M. W il¬ recently authorized the issuance' of water-extension, fire-de¬
partment-improvement and city-hall bonds.
son, City Clerk, for the $12,750 4)^2% coupon electric-lightAdaras-Phlllips Co., Los
I G. P. McNear, Petaluma.$288,295 40
Angeles
$295,104 14| Union Trust & Savings
,J. H. Brush, Pres. Santa
t
288,000 00
Bank, Santa Rosa
Rosa National Bank-. 292,684 501
NEW LOANS.
NEW LOANS.
BONDS
#18,000
of the
BATAVIA, IV. Y.,
SCHOOL
STATE OF NEW YORK
,
BONDS
Batavia, N. Y., March 12th, 1907.
Sealed bids will be received for $18,000 Pringle
Avenue registered School Bonds bearing 4 per
cent Interest, dated January 1st. 1907, Interest
payable January and July 1st, principal payable
$1,000 January 1st. 1908, and $1,000 annually
thereafter.
Denomination
$1,000.
Each
bid
for
CANAL IMPROVEMENT
be aceompani^u by a certified check for
per cent of the bid.
The Board of Education
the right to reject any and all bids.
Bids to be marked “Proposal of Bonds” and to be
filed with Albert J. Squires, Clerk of tne Board
of Education of Batavia, New York, on or before
APRIL 6TH, 1907. at 7:30 P. M.
Bonds to be
must
5
reserves
EXEMPT FROM TAXATION
Notice
'
is
hereby given that
pursuant to the
provisions of Chapter 147 of the Laws of 1903
and Chapter 303 of the Laws of 1906, sealed proposals will be received at the office of the State
Comptroller, in the city of Albany, until Friday
APRIL 5, 1907,
TWELVE
O’CLOCK
AT
NOON of that day, for the purchase In whole or in
part of
Five Million Dollars in Bonds
people of the State of New
York, In either registered or coupdft form at the
option of the purchaser, bearing Interest at the
rate of three per cent per annum from January 1.
1907, payable semi-annually on the first days of
January and July of each year, and the principal
payable on the llrst day of January In the year
1957.
Principal and Interest payable In gold coin
to
be Issued by the
of the United States of America, of the present
standard of weight and fineness, at the Bank of
the Manhattan Company in the’ City of New
York.
Coupon bonds will be Issued in the denomina¬
tion of One Thousand Dollars and registered bonds
In denominations of One Thousand, Five Thou¬
sand, Ten Thousand and Fifty Thousand Dollars.
A sinking fund is established by law for the
extinguishment of the Indebtedness created by
the/sale of the aforesaid bonds and for the pay¬
ment of the Interest thereon as the same become
due.
The bonds are exempt from taxation.
No proposal will be accepted for less
bank draft upon a bank or trust company of the
city of Albany or New York, payable to the order
of the Comptroller of the State of New York,
for at least two per cent of the par
bonds bid for.
All proposals, together with the
successful
bidder
or
bidders
will
be
State
Blodget, Merritt & Co
CORPORATION
205 La Salle
)
and
High-Grade
bonds
Public
Service
Securities
Correspondence Solicited
Perry, Coffin & Burr,
INVESTMENT BONDS.
60 State
Y.
BANKERS,
Street,
Municipal,
County,
State,
Comptroller’s Office,
F. B. SHERMAN & CO.
Walnut
CINCINNATI, O*
the
60 State
SQUIRES.
of Education,
Kleybolte& Co.,
400
account
of
Albany, N
Match 12, 1907..
and
Albert
re¬
of the Canal Fund,” of the
award, together with premium
and accrued interest from January 1, 1907, less
the amount of the deposit of such successful
bidder or bidders, which will be applied toward
the payment for the bonds.
All other deposits
will be returned by mail to the respective bidders,
within three days after the bonds have been
awarded, unless different instructions to the
Comptroller as to the return of the deposit are
duly given.
The Comptroller reserves the right to reject
any or all bids which are not in his opinion ad¬
vantageous to the interests of the State.
MARTIN H. GLYNN,
on
Board
Batavia, N. Y.
to the credit of “Treasurer of the State of New
York
of the
Batavia. N. Y., March 12th, 1907.
value of the bonds nor unless accompanied
by a deposit of money or by a certified check or
)
Clerk
Comptroller.
than the
par
MUNICIPAL
ALBERT J.
quired to pay for the bonds, on the acceptance
of the proposal, by deposit In the bank of the
Manhattan Company in the City of New York
amount
For further Informa¬
1907.
value of the
security de¬
posits, must be sealed and endorsed “Loan for
Canal Improvement” and inclosed in a sealed
envelope directed to the “Comptroller of the State
of New York, Albany.”
The
delivered May 1st,
tion address
Street,
BOSTON.
,
Mac
Donald,McCoy & Go.,
MUHICtPAL
A HD
CORP0RATI OH
Street, Boston
36 MASSAC STREET, MEW YORK.
BONDS.
Street, CHICAGO STATE, CITf & RAILROAD BONDS. 181 La Salle Street, Chicago.
is
76!)
THE CHRONICLE
Mar. 30 1907. |
annual.
"Bonds are redeemable within tin years; no
than $2,500 can be redeemed each year.”
Tyler, Smith County, Texas.—Bonds Proposed.—This place
considering the advisability of issuing $17,000 paving
Westbrook, Cumberland County, Me.—Bond Sale.—On
4% 15-year gold refunding bonds were
awarded to Geo. A. Fernald & Co., Boston, at 100.14 and
accrued interest—a basis of about 3.988%.
The following
bonds.
March 27 $15,000
Neb.—Bond Sale.—
On March 23 the $5,000 5% water-extension bonds described
in V. 84, p. 650, were awarded to W. E. Barkley Jr. at 101.52
University Place, Lancaster County,
and accrued interest.
No other bids
were
less
bids
received.
were
received:
Geo. A Fernald & Co..Bos.$15,021
Timberlake & Webb
15,015
00, N. W. Harris & Co.. Bost.$14,858 40
Hinds County, Miss.—Bonds Authorized.—The
001
Board of Mayor and Aldermen has authorized the issuance
Date April 1 1907. Interest semi¬
Denomination $500.
of $6,500 additional water-works bonds.
annually in January and July at the City Trust Co. of Boston.
Vidalia, Toombs County, Ga.—Bond Offering.—Proposals
West New York, Hudson County, N. J.—Bond Offering.—
are being requested for $23,000 light
and water bonds. Proposals will be received until 8 p. m., April 2 (postponed
Denomination $1,000.
Interest semi-annually at the Citi¬ from Feb. 19) by t he Town Council for $200,000 4^2% coupon
zens’ Bank of Vidalia.
Maturity thirty years. iS. B. or
registered improvement certificate funding bonds.
Meadows is Mayor.
Authority, an Act of the Legislature approved March 23 1899,
Waco, McLenan County, Tex.—Bond Election.—An elec¬ as amended by Chapter 3, Laws of 1901; also ordinance
tion will be held April 9 to vote on the question of issuing adopted by the Town Council on Feb. 5 1907.
Denomina¬
$50,000 school-building, $50,000 park and $20,000 bridge tion $1,000. Date May 1 1907. Interest semi-annual.
bonds.
Maturity thirty years. A deposit of $5,000, either in money
Walla Walla, Walla Walla County, Wash.—Bond Election. or certified check on some responsible bank or trust company,
—A special election will be held April 16 to vote on the ques¬ and payable to the Town Treasurer, is required with each bid.
Conditional bids will not be considered.
Bonds will be de¬
tion of issuing the $100,000 5% 20-year gold city-hall and
livered May 1.
James L. Wolfe is Town Clerk.
fire-station bonds mentioned in V. 84, p. 712.
Whitehall, Trempealeau County, Wis.—Bond Sale.—On
Warren, Huntington County, Ind.—Bonds Voted.—On
March 15 the $10,000 5% 5 1-6-year (average) coupon
March 19 this town authorized the issuance of $10,000 schoolvillage-hall bonds, described in V. 84, p. 531, were awarded
building bonds by a vote of 153 to 132.
to the John O. Melby & Co. Bank of Whitehall at par.
Waukegan, Lake County, Ill.—Bonds Authorized.—Thec
Wichita, Sedgwick County, Kan.—Bond Election.—At the
Council has decided to issue $10,000 5% 20-year bonds.
coming
spring election a proposition to issue bridge bonds will
Wauseon School District (P. O. Wauseon), Fulton County,
be
submitted
to a vote of the people.
Ohio.—Bonds Vrtcd.—The electors of this district on March
Winnipeg School District (P. O. Winnipeg), Man.—
21 authorized the issuance of $35,000 building bonds by a
Utica,
Debenture
vote of 229 to 177.
Waveland School District (P. O.
Waveland), Montgom¬
\$3een
$6,060
ery County, Ind.—Bond Election.—An election has
called for April 2 to vote on the- question of issuing
public-school-improvement bonds.
West Baton Rouge Parish, Drainage District No. 1, La.—
Bond Offering.—Proposals will be received by D. Devall,
Secretary (P. O. Chamberlin) for $25,000 5% bonds. De¬
nomination $2,500.
Date May 1 1907. Interest semi¬
NEW
Borough of Tarentum, Pa,,
Coupon Bonds
R.
DAY
L.
&
CO.,
BANKERS,
MACON. MISSOURI.
MISSOURI MUNICIPAL BONDS—
annually from date hereof, free of tax to holder,
and shall mature as follows:
Bonds numbered
from 415 to 424 Inclusive May 1 1027; Bonds
numbered from 425 to 484 Inclusive. May 1. 1932.
Bonds numbered from 435 to 442 Inclusive, May 1,
1937, for the payment of costs, dam acres and ex¬
of grading. curbing and paving and for
sewering of the streets and alleys of said
Borough
Tarentum.
A certified check In the sum of §500 must
accompany each proposal, payable to order of
Mr.
A.
J.
Fulton,
Borough Treasurer.
The
Borough of Tarentum reserves the right to reject
of
all bids.
William R. Compton
Bond & Mortgage Co6
(Established In 1889)
Sealed bids will be received until MONDAY,
APRIL 22, 2 o’clock p. m., by W.A. Gibson,
Secretary of the Borough of Tarentum, Tarentum ,
Pa., for the purchase of $28,ui)0 coupon bonds,
dated May 1st, 1907, denomination §1,000 each,
numbered consecutively from 415 to 442, heal¬
ing Interest at 4^% per annum, payable semi¬
any or
INVESTMENTS.
INVESTMENTS.
LOANS
§28,000
penses
Offering.—Proposals will be received until 12 m.,
April 1, by Stewart Mulvey, Secretary-Treasurer of Public
School Board, for $200,000 4% debentures.
Interest Feb. 1
and Aug. 1.
Maturity Aug. 1 1931.
Woodward, Woodward County, Okla.—Bonds Xot Sold.—
No sale has yet been made of the $15,000 6% water-worksextension bonds offered on March 4.
A bid has been received
from A. B. Leach & C6. of Chicago,made subject to thejegality of the bonds.
A. GIBSON,
Borough Secretary.
W.
School, City, County and Drainage
Our list gives a wide selection of
many
attractive issues in sizes of
S2,000 to $100,000.
Opinion Chicago counsel, full
legal
papers furnished
We buy direct and handle nothing
on
35
3 Nassau Street,
Congress Street,
NEW YORK.
BOSTON.
New York
City Bonds
EXEMPT FROM STATE, COUNTY
AND CITY TAXES
brokerage
Close buying, large volume and small
profit make our offerings attractive
Send for latest circular
New York, Chicago, St. Louis and
Kansas City references
WILLIAM R. COMPTON, President.
4 Wardell Building
H. W. NOBLE & COMPANY,
Detroit.
Philadelphia.
New York.
MUNICIPAL
AND
PUBLIC SERVICE CORPORATION
Adrian H. Muller & Son
COMPANY,
&
ERVIN
BANKERS,
AUCTIONEERS.
(New York Stock
em
Regular Weekly Sales
OF
43
Exchange,
611) Philadelphia Stock Exchange,
INVESTMENT.
FOR
BONDS
STOCKS and BONDS
Exchange Place,
New York
Drexel
Building,
Philadelphia.
EYERY WEDNESDAY.
Office
No.
66
WILLIAM
STREET
Center Pine Street.
Established 1886.
H. C.
Speer & Sons Co.
First Nat. Bank
CITY
Building, Chicago
COUNTY
AND TOWNSHIP
BONDS.
SOUTH.
Property and Investments of every
Kind in all Southern States.
METROPOLITAN INVESTMENT CO.,
O. B. EDWARDS, President. Charleston. S. C.,
Specialists inINew Jersey Securities.
eisele &
A
Financial
Or
a
BANKERS,
(By Frank W. Rolllna)
NEWARK.
INVESTMENT BONDS
Lists upon request.
Denison & Farnsworth,
-
The above book will be furnished
without cost on application to
BONDS
757-739 Broad St.
Courtship
Plea for Conservative
Investments
EL H. ROLLLNS &
king,
Members of New York and Philadelphia
Stock Exchanges.
Private Wires to
N.Y. and Philadelphia.
BOSTON
CLEVELAND andPHILADELPHIA.
SONS, 21 Milk
St., Boat on,
THE
BONDS.
MUNICIPAL AND RAILROAD
COUPONS
BONDS.
WITHOUT
with steel-p'ate borders, or lithographed, or part¬
ly printed from type. If the latter, then can be
LIST OH APPLICATION.
DELIVERED IN FEW DAYS
SEAS0N&00D & MAYER
Certificates engraved in best manner, or
lithoyrapberi and partly printed
ALBERT B. KIM G A
curtly
CO., 206 Broadway, N. T.
Hercantfie Library BulMtag,
OHfOSZVN ATI.
[VOL.
THE CHRONICLE
770
'Financial.
financial.
OFFICE
OF
THE
^Surplus* ° $11,000,000
COMPANY.
ATLANTIC MUTUAL INSURANCE
New York, January
T
Trusters, In
c
Premiums on Marine Risks from 1st January, 1000, to 31st
Premiums on Policies not marked oil 1st January, 1900
December, 1900
Total Marine Premiums
Losses paid during the year
and previous years _
Losses occurred, estimated
1900
$350,457 98
$481,959 83
125,501 85
1900, to 31st December,
which were estimated in 1905
^
and paid in 1900
22d, 1907.
the following statement of its
conformity with the Charter of the Company, submit
on the 3 Is? of December, 1900.
Premiums marked off from 1st January,
Interest received during the year
Rent, less Taxes and Expenses
affairs
$3,190,241
582,191
$3,772,433
$3,081,714
07
98
05
32
$107,170 57
150,190 74
Expenses, including
$02,411
$344,098
Securities..
$4,299,000
75,000
officers’ salaries and clerks’ compensation, sta¬
advertisements, etc
The Company has the following Assets, viz.:
United States and State of New York Stock, City, Bank and other
Special deposits In Banks and Trust Companies
Real Estate corner Wall and William Sts., and Exchange Place
Other Real Estate and claims due tlie Company
tionery, newspapers,
Premium notes and Bills Receivable
Cash In
hands of European Bankers
countries
Cash In bank
11
27
$5,097,108 00
700,900 07
00
00
4,374,000 00
1,191,974 88
-
to pay losses
under policies payable in foreign
271,142 54
562,631 63
$12,797.823 72
Aggregating
176 Broadway, New York.
175 Remsen Street, Brooklyn.
Montague Street,
198
Brooklyn Banking
Loans
Money on Bond and Mortgage.
Furnishes Mortgages
Receives
Dept.
Estate Titles,
Examines & guarantees Real
to Investors.
Deposits subject to chechf allowing
Interest.
Business.
FINANCE COMMITTEE.
$1,001,074 15
Returns of Premiums
andTRUST COMPANY
In Charge of
257,307 31
'
Title guarantee
Does all Trust Company
$309,817 14
1,009,224 32 $1,319,041 40
Less Salvages
Re-insurances
LX XXIV
certificates of profits will be paid to the
Tuesday the Fifth of February next.
outstanding certificates of the Issue of 1901 will be redeemed and paid to the holders thereof,
cr their legal representatives, on and after Tuesday the fifth of February next, from which date
all Interest thereon will cease.
The certificates to be produced at the time of payment, and Canceled
A dividend of Forty per cent Is declared on the net earned premiums of the Company for the
year ending 31st December, 1906, for which, upon application, certificates will be Issued on and
Banking Interests
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
WILLTAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB Ii. SCHIFF.
JAMES SPEYER.
EDWARD O. STANLEY
CLARENCE H. KELSEY, President.
o
FRANK BAILEY, Vice President.
Vice President.
EDWARD O. STANLEY, Second
Manager Banking Department.
CLINTON D. BURDICK, Third
Vice President.
CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
J. WRAY
FRANK
L. SNIFFEN
Manager Brooklyn Banking
Department.
A dividend of Six per cent interest on the outstanding
holders thereof, or their legal representatives, on and after
The
after Tuesday
the seventn of May next.
By order of the Board,
Q. STANTON FLOYD-JONES.
Secretary.
TRUSTEES.
W. H. H.
HERBERT L. GRIGGS.
CLEMENT A. GRISCOM,
ANSON W. HARD.
MORRIS K. JESUP,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY.
CHARLES H. MARSHALL,
GUSTAV AMSINCK,
FRANCIS M. BACON,
JOHN N. BEACH,
WILLIAM B. BOULTON.
VERNON H. BROWN.
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
CLEVELAND H. DODGE,
CORNELIUS ELDERT,
RICHARD H. EWART,
Atlantis Mutual Insurant* Company Strip
of All Years SongM and Solo.
JOHN Mo GILLESPIE,
Boom Mo. 618 Atlantic Building,
49-51 Wall Street.
NEW YOBK.
MOORE,
NICHOLAS F. PALMER,
HENRY PARISH.
DALLAS B. PRATT,
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKER.
DOUGLAS ROBINSON,
GUSTAV H. SCHWAB,
WILLIAM A. STREET.
Utiflituejers
H.
A. A. RAVEN. President.
CORNELIUS ELDERT. Vice-President.
JAMES L.
LTVTNGSTON, 2d Vice-President.
COBB, 3d Vice-President.
FAY, 4th Vice-President.
Brinckerhoff,
M.
Formerly General Manager and Electrical
Engineer the Metropolitan West tilde Ele¬
vated RR., Chicago,
ASSOCIATED WITH
.
SANFORD E.
CHARLES E.
Wm.
Barclay Parsons,
Consulting Engineers
GUNN, RICHARDS & CO.
PUBLIC ACCOUNTANTS
43
Examinations, Design, Construction and
Operation
ELECTRICAL PROPERTIES
J.
Q. WHITE & CO.,
Engineers, Contractors,
43-49 Exchange Place.
Also at CHICAGO—First
National Bank Building.
Investigated.
Unsatisfactory Operation
CITY
EXCHANGE PLACE, NEW YORK
BOSTON—50 Congress Street*
MONTREAL—Bank of Ottawa Building.
V
NEW YORK
60 WALL ST.,
NEW YORK
•
Investigations and Reports on Electric
Railway, Gas, Electric Light, and
Power Transmission Properties
for Financial Instltatlens
and Investors,
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built.
London
1907
1850
The United States Life
NEW YORK CITY
new
MATURING
NOV
President.
WM.H.
PORTER
Leather •
Tr.Co.
not, may
& CO.,
Street, New York.
CHICAGO
1st Nat. Bank Bldg.
BALTIMORE
Continental Building.
Pres. Chemical National Bank
experienced In life Insurance
make direct contracts with this Com
Good men, whether
or
T. W. STEPHENS
2 Wall
Finance Committee
CLARENCE H. KELSEY. Pree. Title Qtiar. A
Limited,
Montreal.
Principal Philippine Office.
Manila, P. I,
BEADLE & MAXWELL
lasuea Qauranteed Contracts-
JAMES R. PLUM
Correspondents:
1956
THE CITY OF NEW YORK
JOHN P. MUNN, M.D.,
Canadian
CANADIAN WHITE CO.,
4% REGD. GOLD BONDS
Insurance Co.
IN
issue
Correspondent:
J. G. WHITE Sc CO., Limited,
9 Cloak Lane, Cannon St., E, C.
pany.for a limited territory If desired,and secure
for themselves, in addition to first year’s commis¬
sion, a renewal Interest Insuring an Income for the
future.
Address the Company at Its Home Office,
No. 277 Broadway, New York City.
Gas and Electric
ENGINEERS
82 Beaver St.,
NEW YORK
Examinations and Reports
ERNEST ABS=HAGEN, C.E.,
VICKERS
&
29 Wall St.,
PHELPS.
Mew York.
CHOICE NOTES
Circular sent
on
application
Ke.
CONSULTING ENGINEER
Water Supply,
Sewerage Systems.
Power Plants
Fxamlnntions am' Reports on LatfnAmerican Industrial i'r« jects h Specialty
1 BROADWAY
NEW YORK
.
XIX
1907.]
Mar. 30
CHRONICLE
THE
©orapnuits.
Mercantile Trust Co,
Member
BUNKER
Association
Clearing House
St. Louis
STATE
SO
Mo
St. Louis.
TRUST CO. OLD COLONY
STREET. BOSTON. MASSTRUST CO.
HILL BRANCH:
CITY
BOSTON, MASS.
CHARLESTOWN. MASS.
City Square.
Capital and Surplus, $9,500,000
Capital & Surplus, - - $4,000,000
WM. MAFFITT,
General Trust and
Transacts
Capital and Surplus, Treasurer -
FESTUS J. WADE.
President.
Nov. 16,
Commenced busine-s
1899
Acts as
1899
Nov. 16.
$1,667,051 19
legal Depositary
A
Nov.
Nov.
16,1904
of Good
The Proof
C. Jackson.
Henry
Sidney
(Earned) -
-
Trustee
A. G.
Bullock,
Samuel Carr,
Gilmer Clapp.
T. Jefferson Co olid ge
Gordon Dexter,
William It. Driver.
F. C. Dumalne,
Eugene N. Foss;
T. JEFFERSON
CHARLES L.
and
Elmer P. Howe,
John Lawrence,
John S. Lawrence
Lester Leland,
S. E. Peabody,
*=
-
-
Profits
MALCOLM
-
A
$2,000,000
900,000
individuals.
and Bonds.
DAVID R.
to Check.
WHITNEY, President.
Vlce-Presklent.
Vice-President.
Vice-President.
CHARLES H. DALTON,
CHARLES F CHOATE.
FRANKLIN HAVEN.
JAMES R. HOOPER, Actuary.
HENRY N. MARK. Secretar .
FRED'K W. ALLEN. Asst.Sec-ATreas
THOMAS E. EATON. Asst. Treasurer
FRANCIS R. JEWETT. Trust OUlcer
BOARD OF DIRECTORS
William Endloott, Chairman.
Frederick P. Fish,
Walter C. Baynes.
Alfred Bowdltch.
Charles F. Choate,
Alexander Cochrane,
Edmund D- Cod man,
T. Jefferson Coolidge.
Charles H. Dalton.
Morris Gray,
Franklin Haven,
James R. Hooper.
James M. Prendergast,
George S. Sllshee.
Lawrence M. Stockton,
Nathaniel Thayer.
George Wigglesworth.
David R. Whltnev
Dexter.
George
Philip Dexter,
William
Farnsworth,
R. J. O'Reilly,MD
D. R. Francis
Henry W. Peters
August Gehner
James E. Brock
S. E.. Hoffman
H. Clay Pierce
Murray Carle ton
Chas. H. Huttig J. Ramsey Jr.
Charles Clark
Horatio N. Davia
John D. Davis
Aug. B. Ewing
503-505-507 Chestnut
ADAM A.
St.,
OFFICERS
JULIUS S.
SAMUEL E.
TRUST
Philadelphia.
& Treasurer.
Superv'g Trust Dept.
& Asst Trust Officer
DIRECTORS.
Brcngle,
Clark Jr.,
Eckley B. Coxe Jr..
Edwin S. Dixon.
Ellison.
Joseph C. Fraley,
Harry C. Francis,
Henry L. Gaw, Jr.,
Howard S. Graham,
Samuel F. Houston.
J. Levering Jones.
Malcolm Lloyd,
John Mcllhcnny.
Richard Wain Meirs,
Clement B. Newbold,
John W. Pepper.
Wi liam F. Read.
Frank Samuel.
Adam A. Stull.
Edward D. Poland,
Joseph R. Walnwrlght,
William D. Wlnsor.
Trustee, Registrar, Etc.
Complete Set of Safe Deposit
Acts as
Executor,
Becomes Surety.
Deposits
BALTIMORE.
JAMES E. BROCK. Secretary
HUGH R. LYLE. Asst. Secretary
HENRY C. IBBOTSON. Asst.
/
Secretary
VIERLING, Trust Officer
SEMPLE AMES, Asst.
Joseph R.
Grier Hersh.
Ernest Hoen Jr.,
George C. Jenkins,
Joshua Levering
Oscar G. Murray,
Shoemakei,
James Speyer,
Douglas M. Wylie.
Foard,
Griswold Jr., Henry F.
Hepburn,
Hill,
GRIER
L.
HUNT TURNER Jr., Asst. Secretary
LOUIS W. FRICKE, Asst. Secretary
HENRY
DIRECTORS
Joslah L. Blackwell,
G. Clymer Brooke,
H. Carroll Brown,
John W. Castles.
John T.
C.
FREDERICK
$2,000,000
CAPITAL,
OFFICERS
HOFFMAN, Vice-President
S.
HERSH
ZIMMERMAN
CARROLL VAN
President
2d Vice-Prest.
NESS
Treasurer
Jr.._Asst. Treasure
Asst. Secretary
JERVIS SPENCER
IVAN SKINNER
Executive Officer
CHARLES M. POLK, Asst. Trust Officer
WILLIAM G. LACKEY. Bond Officer
WM.
McC.
MARTIN. Asst. Bond
Officer
Real Estate Officer
TOM W. BENNETT,
GEO. KINGSLAND, Asst.
C. W. MORATH, Safe
Real Estate Officer
Deposit Officer
Capita1,
Surplus,
Transacts a
THE AUDIT
Trust Co.,
MILWAUKEE.
BRENGLE, 1st V ce-Pres.
James Crosby Brown,
John Cadwaladcr,
Maryland Trust Co*
B. Howell
A. Barton
of the Board
WALSH. Chairman
$1,000,000 Wisconsin
STULL, President.
JOS. S. CLARK. 2d Vlce-Pres.,
c HAS. P. LINEAWEAVER, Sec.
Interest on
E. Smith
W. J. McBride
Robt. H. Stockton
Nelson W. McLeod Julius S. Walsh
$aunders
Norvell Rolla Wells
Wm. D. Orthwein
Breckln’gc Jones James
BRECKINRIDGE JONES. President
JOHN D. DAVIS, Vice-President
TheTrust Company of
North America
CAPITAL
)$« > gQO ' 000 ‘
PROFITS)*
GENERAL FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED
and
John 1. Begga
Wilbur F. Boyle
McDUrttLL, Asst Secretary.
SAVINGS AND
Sts., St. Louis
DIRECTORS
DAWES. Cashier.
DEPARTMENTS.
Administrator?.
Trustees. Corporations and
under Mortgages and as Transfer
Also acts as Trustee
Agent and Registrar of Stocks
Interest Allowed on Deposits Subject
OFFICERS.
$1,000,000
2,000,000
ROGERSON, President.
Fourth & Pine
SURPLUS
CAPITAL.
SKINNER. Asst. Cashier
WILLIAM W. GATES. Awt. Cashier.
A. G. MANG, Secretary.
Vaults
and to receive and
trust or on deposit rrom
Mississippi Valley Trust Co.
Sec.
D.
Eugene L.
and
D.D’t.
Sec.
Secretary.
Vice-President.
UHRLAUB.
WILLIAM R.
E. W.
SURPLUS $2,000 009
Deposit Vaults
hold money or property in
Courts of Law or Equity, Executors.
Assignees.
Guardians,
VIce-Pres’t.
CHARLES G. DAWES, President.
W. IRVING OSBORNE, Vice-President
Henry G.
Safe
Vice-President.
Capital, Surplus and
HENRY G.
Tuttle.
Stephen M. Weld,
Charles W. Whittier.
Lucius
CAPITAL. $1,000,000
JAMES LONGLEY, Vice-President.
WILLIAM C. WILLIAMS,
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Asst. Treasurer.
HENRY A. FENN, Sec.&.Mgr.Safe
H. D. HEATHFIELD, Assistant
F. J. BURRAGE, Assistant
CHICAGO
BANKING,
Philip L. Saltonstall,
Nathaniel Thayer,
Reginald Foster,
George P Gardner,
Robert F. Herrick,
Allowed on
CHARLES E.
1 .
COOLIDGE Jr., President.
BURRILL, VIce-Prest. &Treas.
CENTRAL
TRUST COMPANY
OF ILLINOIS,
L.
Richard Olney,
Robert J. Paine,‘M,
Authorized to act as executor
a
Capital - • - - ■
Surplus (Earned)
Francis Peabody Jr.,
Royal Robbins,
Henry A. Reuter,
P. L. Saltonstall,
Jr. R. Paul Snelllng,
Frank \V. Stearns,
Eugene V. R. Thayer.
Charles W. Whittier,
H. PERKINS,
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
G.
W.
AURYANSEN Asst.
A.
W. Winslow.
-
.
Walter Hunnewell,
Thomas L. Livermore,
Charles m. Melleu,
George v. L. Meyer,
Laurence Minot,
Frederick P. Fish.
Deposits Subject to Check
Acts as Trustee under Railroad and other
Mortgages and is authorized to act as Executor,
Guardian, Administrator and Trustee.
Interest
William A. Gaston,
Adams 2d,
Rodolphe L. Agassiz,
F. Lothrop Ames,
Iiobart Ames,
Edwin F. Atkins.
Frederick Ayer,
Charles S. Bird,
Jr.,
.
-
Eben S. Draper,
Nathaniel Thayer.
Henry O. Underwood,
W. Seward Webb.
General Trust
Banking Business.
Transacts
Check.
Registrar.
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
C. F.
ChairmanHenry S. Howe,
Plulip Dexter,
.
BOSTON. MASS
Banking and Trust
allowed on Deposits Subject to
under Mortgages, Transfer Agent,
Interest
J.
$1,000,000
$1,500,000
Business.
Gordon Abbott,
Oliver Amos,
C. W. Amory,
Charles F. Ayer,
Samuel Carr,
B. P. Cheney,
T. Jefferson Coolidge,
Charles E. Cotting,
Trust Company
COMPANY,
Transacts a General
Company
Charles A. Stone,
Galen N. Stone.
Quincy A. Shaw
COOLIDGE JR.,
AND
BOSTON, MASS.
-
DIRECTORS:
BOARD OF
T. JKFFERSON
ENGLAND
COMPANY,
Safe Deposit TRUST
BOSTON, MASS.
Boston
AMERICAN
CAPITAL
SUKPLCS
REGISTRAR.
AGENT.
TRANSFER
The NEW
$27,984,599 63
Service is Constant Growth
TRUST
ES.
Trustee.
2d.
Richard S. Russell.
Howard Stockton.
Livingston Cushing.
George A. Draper.
William F. Draper.
Wilmot R. Evans.
Frederick P. Fish,
Robert F. Herrick.
Francis L. Hlgglnson,
$27,292,163 57
16, 1906,
Nov.
Funds, and author¬
Guardian. Ad¬
Andrew W. Preston.
Alvah Crocker,
$26,508,716 93
16,1905
DAILY
CHECK.
Keith,
Lane.
$21,756,471 73
Nov.16,1903
ALLOWS INTEREST ON
BALANCES SUBJECT TO
TRUSTEE UNDER MORTGAG¬
BUSINESS.
DIRECTORS.
1902
$21,882,734 64
BANKING
A GENERAL
TRANSACTS
PHILIP STOCKTON. President.
Charles F. Adams 2d.
George E.
Orlando H. Alford.
Gardiner M.
F. Lothrop Ames.
Arthur Lyman,
John S. Bartlett,
Maxwell Norman,
Charles E. Cottlng.
Robert T. Paine
1901
$11,780,418 95
16.
for Court
ized to act as Executor,
ministrator and
1900
$4,429,448 02
Nov. 16.
Nov. 16,
Check*
Mort¬
Allowed on Deposits Subject to
Trustee under Railroad and other
gages; also as Agent for the Registering
and Transfer of Stock.
Interest
RESOURCES
Nov.
$7,000,000
a
Banking Business
---------
OF
1137 First
$500,000
100,000
General Trust Co Business.
Buys and Sells
OFFICERS.
OLIVER C.
FULLER. Pre^ldoni.
FREDERICK HASTEN,
GARDNER P.
Vice-President.
STICKNEY. Treasurer.
FRED G.
R. L,
BEST Secrctarv
SMITH. Ass t Secretary
ILLINOIS,
National Bank
,
Building,
CHICAGO.
Public
Accountants and
C. W.
Auditors.
KNISELY C. P. A.
President—Manager.
Investment Bonds.
High Grade
COMPANY
for Corporatlons,
and Physical
Examinations by experienced Auditors and En¬
gineers.
Takes entire charge of accounts foi
Guardian.. Trustees, Executors and Receivers.
Regular and Special Audits
and Individuals, Financial
Firms
XX
THE CHRONICLE.
[VOL.
LXXXIV.
Jgrttst ©mtqratiies.
Union Trust
BANK6RS TRUST
80
company:
7 Wall
Street, New York.
Executor, Administrator, Guardian
Receiver
A
DIRECTORS.
Manhattan
Co., New York.
VUje-Pres. Corn Excb. B«., N. Y.
A. BARTON
Pres. 1st Nat. B’k, Kansas City.
HEPBURN,
JOHN F.
Pres. Chase Nat. Bank, N. Y.
SAMUEL G. BAYNE.
Pres. Seaboard Nat. Bank, N
Y.
EDWIN M. BULKLEY.
Spencer Trask & Co.. Bankers,
New York.
GILBERT G. THORNE,
GATES W. McGARRAH,
EDWARD TOWNSEND,
2d Vice-President.
Vlce-Pres. Nat. Park Bank. N.Y.
Pres. Mechanics’ Nat. B’k, N. Y
EDGAR L. MARSTON,
EDMUND C. CONVERSE,
GEO. W. PERKINS,
Vice-Pres. Fourth Nat. Bk. N Y
President.
Vice-Pres. First Nat, Bank, N.Y
Pres Importers’ & Traders’ Nat.
Bank, N. Y.
Blair & Co., Bankers, New York.
J. P. Morgan & Co.,
HENRY P. DAVISON
ALBERT H. WIGGIN,
Vice-Pres. Chase
New York.
B'kers, N.Y.
WILLIAM H. PORTER,
Nat.
Bank,
W. Emieu Roosevelt,
J -is l. Wooaward.
Augustus W. Kelley,
N. Parker Shortrioge.
Harrison K. Gawtry,
Alexander Maitland.
ALLOWS
INTEREST
E. C. CONVERSE
B. STRONG JR.
H. W. DONOVAN
Assistant Secretaries
MANHATTAN
SECRETARY
F. N. B. CLOSE
ASSISTANT TREASURER
RA.WLING8, Trust Cffloer.
II. M. POPHAM,
>
T.W. HARTSHORN!!, f
H M. MYRICK,
VICE-PRESIDENT
president
treasurer
Walter P. Bliss.
Frederic deP. Foster
E. R. MERRITT. 4th Vice-President
C C.
DEPOSITS.
T. W. LAMONT
2d
Amory 8. Carhart.
EDWARD KING. President.
YOUNG,
OPPirFDQ
OFFICERS.
VrriVEriO.
VICE-PRESIDENT
0. E. POMEROY
UPON
William Woodward
Alex. Smith Cochran
Jo&n V. B Th»yer.
AUGU8TUS W. KELLEY. Vice-President
J. V. B. THAYER. Vice Pre«t A secretary.
Pres. Com. Nat. Bans, Chicago.
Vice-Pres. Liberty Nat. B’k, N.Y.
Pres. 1st Nat. Bank. Jersey City
Acta iiM Executor, Administrator aid Guardian t Assignee and Receiver
« Registrar*
Transfer and Fiscal Agent t and aa Trustee for Individual* and corporations.
J. F. THOMPSON
Deposits.
Securities for Safe Keeping and
Collection of Income.
Takes Charge and Manages Real Estate
TRUSTEES
Edward King,
James Henry ^nPth.
R. T. Wilson,
Charles H. Tweed,
Churies il. Leland,
James Speyer
H Van R. Kennedy
Robert W. Goeiet,
Pres. Gallatin Nat. Bank, N.Y.
EDWARD F. C.
on
FOR MONEI.
Receive*
SAMUEL WOOLVERTON,
Pres. Chemical Nat. Bank, N. Y.
DANIEL G. REID,
LS.
THOMPSON,
Vice-President.
THOMAS W. LAMONT,
JAMES G. CANNON,
JAMES H. ECK
EDWARD F. SWINNEY,
Trustee
or
LEGAL. DEPOSITARY
Allows Interest
WALTER E. FREW,
$1,000,000 00
$8,092,662 44
...
-
AUTHORIZED TO ACT AS
Surplus $500,000
Undivided Profits, $828,069
Pres. Bank of the
Broadway, New fork.
CAPITAL,
SURPLUS,
Capital S 1,000,000
STEPHEN BAKER,
Company
OF FEW YORK
TRUST
ASSISTANT TRUST OFFICER
WALL ST.
CO.,
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
UNITED STATES
MORTGAGE & TRUST COMPANY
55 Cedar Street
NEW YORK
73d Street and
B’way.
Issues foreign and domestic letters of credit.
Pays interest on deposits, subject to check.
Special rates on time deposits.
cor.
$3,000,000.
OFFICERS.
JOHN L
WATERBURY, President
KEAN,
) v.
4M0STUCK FRENCH,
W. N. DUANE,
) r™*1™*1*
JOHN
.
The Manhattan Trust Company receive* deposit*
oearing interest and subject to cheque, payable
ebrough the New York Clearing House.
DIRECTORS.
CAPITAL and SURPLUS. $6,000,000.
AN
nothing more safe, more sure, more profitable*—in the telephone
business—than the securities of an Independent telephone company operating
our AUTOMATIC TELEPHONE SYSTEM—
BECAUSE it gives more service, better service, prompter service, more accurate
service, than
a
manual system (and also
manual system can give),
BECAUSE it costs less to operate,
no
system
absolutely secret service, which
and
less to maintain,less to enlarge than a manual
.or
an
-
TO SUM IT ALL
-
UP, the AUTOMATIC TELEPHONE SYSTEM produces
a
better telephone service, commanding a higher price, at less, cost than in~
ferior service can be produced for by a manual svstem.
THAT IS THE REASON WHY the AUTOMATIC TELEPHONE SYSTEM
makes the securities of the company
and
using it safe, stable and profitable,
why it has been adopted by the Independent telephone companies in
the following cities:
Aberdeen S. D.
Akron, Ohio
Allentown. Fa.
Auburn, Me.
Auburn. N. Y
Battle Creek Mich
Beaver Falls. Pa.
Bellingham. Wash.
F.I Paso, Texas.
Emails. Pa.
Fall River, Mass.
Grand Rapids, Mich.
Hastings, Nebr.
Havana, Cuba.
Hazleton, Pa.
Holland. Mich.
Butte. Mont.
Hopkinsville, Ky.
Cadillac. Mich.
Jonesboro, Ark.
Lake Benton, Minn.
Lewiston, Me.
Lincoln, Nebr.
Los Angeles, Cal.
Manchester, Iowa.
Marianao. Cuba.
Marlon, Ind.
Champaign. Ill.
Chicago, Ill.
Cleburne, Texas
Columbus. Ga.
Columbus. Ohio.
Dayton. Ohio.
Denver
Colo.
Medford, Wis.
Santa Monica, Cal.
Miarnisburg
Saskatoon, Sask., Can.
Ohio.
Mt. Olive, Ill.
New Bedford, Mass.
Oakland, Cal.
Ocean Park. Cal.
Omaha. Nebr.
Pentwater, Mich.
Portland, Me.
Portland. Ore.
Princeton. N. J.
Richmond, Ind.
Riverside, Cal.
Rochester, Pa.
Rushville, Ind.
San Diego, Cal.
San Francisco, Cal.
AUTOMATIC ELECTRIC
Van Buren and
Morgan Streets
George F. Baker.
August Belmont.
John J. Mitchell.
Oliver H. Payne.
E. D. Randolph
Grant B. Schley.
8. L. Schoonmaksr
John I.
Sioux City. Iowa.
South Bend. Ind.
Spokane, Wash.
Springfield. Mo.
Mary's, Ohio.
St.
Tacoma, Wash.
Toronto, Junction, Can.
Traverse City, Mich.
Urhana, Illinois.
Van Wert, Ohio.
Walla Walla. Wash.
Wausau, Wfs.
Westerly, R. I.
Wilmington, Del.
Woodstock, N. B.i Can.
CO.,
CHICAGO, U. 8. A
Waterbary
R. T. Wilson.
Girard Trust
INVESTMENT
There's
.
James J. HilL
John Kean.
Walter P. Bliss.
H. W. Cannon.
R. J. Cross.
Kudulpb Ellis,
Amos Tuck French
ffitrancial
AS
Francis R. Appleton.
Robert Bacon.
Company*
CAPITAL and SURPLUS, $10,000,000.
Chartered 1886.
Act*
a*
Executor. Administrator, Trustee.
Asnlgnee and Receiver.
Financial Agent (or Individual* er
Corporations.
Interest Allowed on Individual and
Corporation Accounts.
Act* as Trustee ot Corporation Mortgages.
Depositary under Plans ol Reorganization.
Registrar and Transfer Agent,
Assumes entire charge ot Real Estate.
Wales to Rent In
Hurglar-Proof Vaults
E. B. Morris. President.
VV. N. ELY, 1st Vice-President.
A. A. Jackson. 2d V’ice-President.
C, J. Rhoads, 3d Vice-Pres. and Treasurer.
Edward 8. Paqb, Secretary.
MANAGER*!
Efflingnara B. Morris,
John A. Brown Jr.,
Benjamin W. Richards,
John B. Garrett,
William H. Jenks,
William II. Ga*,
Francis I. Gowen,
Geo. H. McFaddeu,
Henrv Tatnall.
Uaac J f. Clothier
Thos. DoVVttt Cuyler.
C. Hartman Kuhn
James Speyer,
Augustus D. Jullliard.
Edward J. Uerwind,
Randal Morgan.
Kdw. T. 8totesbury.'
Charles E. Ing^rsoll,
John Story Jenks Jr.
Henrx B. Coxe Jr.
E. C. Felton
N. G, Cor.aflroK<l and Chestnut Streets*
PHILADELPHIA.
1907 ISSUE
THE FINANCIAL REVIEW
contsius a fivs-year monthly rani* of prices
for stocks sad bonds and othsr valuable sta¬
tistics
Price, $S.
COMMERCIAL A FINANCIAL CHRONICLE
NEW
YORK
xxi
THE CHRONICLE.
1907]
Mar. MO
Svttst ©ompautes.
Bowling Green Trust Co.
26
incorporated 1853.
BROADWAY1 NEW (YORK.
United States Inst Company oi lew M,
Capital,$1,000,000 Surplus, $3,000,000
45 and 47 Wall
OFFICERS:
EDWIN GOULD,
...
President
WILLIAM H. TATLOB,
1st Vice-President
•HAS. P. ABMSTBONG,
2d Vice-President
JOHN A. HILTON, 3d Vice-Pres. and Treas.
WILLIAM M. LAWS,
.
Secretary
CAPITAL,
SURPLUS
DIRECTORS:
Morton F.
George J. Gould,
Island
Trust
JOHN A. STEWART,
solicits the accounts of corporations, firms and individuals, and
invites correspondence or personal interviews.
Interest allowed on daily balances, which are subject to check
PROVIOENCE R. I.
El,000.000
SI,500,000
304,000 at
DIRECTORS:
Geo. W. R. Matteson,
William D. Ely,
Robert I. GammeU,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight.
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phillips, -
Edward Holbrook,
James E. Sullivan,
St. Paul
RICHARD DEL AFIELD,
CORD MEYER,
JAMES W. TAPPIN.
PHILIP 8. BABCOCK,
Lyman B. Goll,
HERBERT J. WELLS, President.
EDWARD s. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAMWELLjSecretary
PRESTON H. GARDNER, Trust Officer.
CYRUS E. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Sec’y.
f
-
)
BROADWAY,
34TH ST. Sc FIFTH AYE.
Ne. 100 WEST lilfiTH STREET.
THIRD AVENUE Sc 14STH STREET.
$3,100,000
EDMUND L. J UD80N, Secy. & Treasurer.
J08EPH N. BABCOCK, Trust Offloer.
ROBERT L. 8MITH, Aaat. Secretary
Vioe-President#.
The American Mfg. Co.
TRUST CO.
Hugitueers.
MANILA 8ISAL AND JUTE
No. 66
ByUesby & Co^
CORDAGE.
65
Wall
Street,
New
York.
CHARLES T. BARN EY, President.
FEED’K L. BLDRIDGB,
INCORPORATED
1st Vloe-President.
JOSEPH T. BROWN,3d Vice-President.
B. L. ALLEN, 8d Vice-President. ’
WILLIAM TURNBULL, 4th Y.-Pre
fBHD’K GORE KING, Sec. and Treas.
J. MoLEAN WALTON, Ant. Secretary.
HARRIS A. DUNN, Asst. Treasurer
ENGINEERS,
DESIGN,
\
^o*ERB°c*<.*
HENRY L.8LADKR, Asst. Sec’y.
WALTER G. BROWN, Asst. Sec’y.
H. M.
New York.
JOHN E. BORNE, President.
John R. Freeman.
Charles S. Mellen.
Robert W. Taft.
John C. Pegram,
Deposit (time and demand) issued.
Building, 222 Broadway,
Capital, Surplus and Undivided Profits,
Benjamin M. Jackson,
John W. Danielson,
Herbert J. Wells,
sight
Certificates of
Rowland G. Ilaxard,
Neison W. Aldrich,
Samuel R, Dorrance.
Howard O. Sturges,
Royal C. Taft,
Robert H. L Goddard,
Chairman of the Board of Tmeteet.
Trust Company
Hospital Colonial
CAPITAL
SURPLUS EARNINGS
UNDIVIDED PROFITS
CHA8 A. EDWARDS, 2d Asst. Secretary
Secretary
!
Company,
D. WILLIS JAMES, Vice-Precident
HENRY E. AHERN, Secretary
Yicc-Prt*.
Plaut,
Dick 8. Ramsay,
Frederick B. Sohenck,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
John P. Truesdell,
E. F. C. Young.
Edmund C. Converse,
Wm. Kelson Cromwell,
Grenville M. Dodge,
A. Goepel,
Edwin Gould,
Frank J. Gould,
$12,801,046
.
.
President
WILLIAM M. KINGSLEY, 8econd
WILFRED J. WORCESTER, Aset.
Myron T. Herrlok,
Edward T. Jeffery,
Winslow 8. Pieroe,
Harry Bronner,
Franklin Q. Brown,
Robert C. dowry,
Rhode
EDWARD W. SHELDON,
John A. Hilton.
Charles P. Armstrong,
Frank Brainard,
PROFITS,
UNDIVIDED
$2,000-000
....
....
AND
Street.
CONSTRUCT AND OPERATE
RAILWAY, LIGHT, POWER,
Whiting Papers
TRUST DEPARTMENT:
WILLIAM B. RANDALL, Trust Officer,
HYDRAULIC AND
GAS PLANTS.
HARLEM BRANCH:
W. F. LEWIS, Manager.
Examinations and Reports.
American
BRONX BRANCH:
JOHN BAM BEY Manager.
Trust Building., OHIOAGO
FINANCIAL REVIEW
The Audit company
of
ANNUAL.
New York,
A.'Year
ORGANIZED 1897.
Commercial <c Financial
NEW YORK:
48 Cedar Street.
This Company Audits and Investigates Aooonnts
and makes Physloal Examinations of Properties.
Its Certificates and Reports are Prepared in behalf
of Merchants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
Philadelphia. Chicago.
Millet Holyoke, Him,
CERTIFIED PUBLIC ACCOUNTANTS.
(New York and Illinois.)
NEW YORK,
1
Broad
Systems of ;
Ph. B.C.E.!
,
Consulting Engineer and Statistician.
GAS WORKS
ELECTRIC LI'UIT WORKS,
ELECTRIC RAILWAYS. OIL MOTOR CARS.
New York.
Exchange Building,
26 Broad Street.
William D. Marks,
£»39 l*nrk Row I!l«lg
WHITING PAPER CO.,
BARROW, WADE, GUI'HR/E & CO
Vloe-Presidents.
EDWARD T. PERINE, Gen’l Mgr. and Treas.
F. C. RICHARDSON, Assistant Treasurer.
Money-Saving
Chronicle
Correspondence
Usee ere
standard, made in Ledger, Bond,
Linen and Fine Writing in variety.
76X Pine 8t„ New York.
PHILADELPHIA.
CHICAGO.
NEW ENGLAND OFFICE:
EaoteaBldg., 13 State Ht.. BOSTON.
AUGUST BELMONT,
Acting President.
JOHN J. MITCH ELI
WILLIAM A. NASH,
GEORGE W. YOUNG.
Devises and Installs
Keeping Accounts.
Boek of Statletlce.
9‘i.
Bchd4 In Cloth*
For Fine
and for General Business
,
New York City.
!
CHICAGO.
Royal Insurance Building.
SAM FHAMCISCO,
617 Market Street.
LONDON, ENGLAND,
18 8t. 8within'a
Lane, E. C., Cable,
NEW ORLEANS,
Hibernia Bank Bidg.
"Adorjest."
WOODWARD
& STILLMAN,
Fyersz & Company
22 WILLIAM STREET,
NEW YORK.
EGYPTIAN AND AMERICAN COTTON OF ALL
GRADES SUITABLE TO WANTS OF SPINNERS.
EraAHLXgHXD IN
GRANGER
FARWELL
BANKERS
MERCHANTS
COTTON
ffttraucial.
ffitrauciaL
(ttottou.
16 to
[VOL. LXXXIV.
THE CHRONICLE
XXII
37 PINE St
CHICAGO
NEW YORK
'
BANKERS AND BROKERS,
RAILROAD BONDS
CHICAGO.
1868.
16 to 22 William Street, New York.
Execute Order* for Future Delivery
COTTON
At the New York. Liverpool end New Orleans
Cotton Exchanges. Also orders for
COFFEE
Conee Exchange
GRAIN AND PROVISIONS
at the Chicago Board of Trade and
GRAIN AND COTTON-SEED OIL
At the New York
Hubbard Bros. & Co.,
COFFEE EXCHANGE
HIGH-GRADE INDUSTRIAL B0ND&
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
SEND FOR CIRCULARS.
Exchange
IS ew York Produce
71 Broadway
NEW YORK.
226 La Salle St,
Henry
Hentz & Co., CHICAGO CITY MORTGAGES.
COMMISSION MERCHANTS,
At the
COMPANY,
&
220 LA SALLE ST.
M
Memoers
( New York Stock Exchange.
J New York Coffee Exchange.
-j Chicago Stock Exchange.
I Chicago Board
of Trade.
DEALERS IN
INVESTMENT
SECURITIES.
PEABODY, HOUGHTELING & CO.
230 First National
BUILDING,
Bank Bldg.,
CHICAGO.
HANOVER SQUARE,
[ Established
18«6. i
NEW YORK.
MERCHANTS.
COTTON
Edwin L. Lobdell &
BROKERS,
BANKERS AND
Liberal Advances Made on Cotton
Consignments.
Hopkins, Dwight & Co.,
Co.,
Rotunda, Rookery Bldg., Chicago.
80 Broadway, New York.
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 3'1, Cotton Exchange
NEW YOKE,
Building,
Bishop, Laimbeer & Co.
Members of New
Limited, New Orleans, La.
Mills Building.
LEHMAN BROS.,
Nos, 16-22 William Street,
-
<5 Broad St.
(Cotton.
Coffee
in
CO.,.
&
INMAN
York.
Orders executed on the above Exchanges, as well
New Orleans, Chicago and foreign markets.
merchants,
Cotton
*
Siegfr. Gruner & Co.,
NEW YORK.
Milk Street, BOSTON, MASS.
Exchange Building.
Cotton
141
MERCHANTS
Bremen
Street,
INMAN & CO
Correspondents.
W. T. HATCH &
96 Broadwav,
Co.,
MERCHANTS,
NEW ORLEANS, LA.
MEMPHIS, TENN.
Borers of Spot Cotton.
DALLAS, TEX.
Orders for Contracts Exe¬
SUCCESSORS TO
GEO.
NEW YORK COFFEE
York
43 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
CO.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee.
COTTON EXCHANGE BUILDING,
NEW YORK.
Yew Orleans.
Orders for future delivery executed in
New York and Liverpool.
Liberal advances made on Cotton
ROBERT MOORE & CO.,
36 Beaver Street, New Yerk.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EX¬
CHANGES.
COTTON PURCHASED FOR SPINNERS’ USE.
COTTON BBOKER8,
Bldg., New York.
Exchanees
N. Y. nnd New Orlean Cotton
and Liverpool
Cotton Association.
GWATHMEY <fc CO.,
COTTON
MERCHANTS,
49 Cotton Exchange,
SMITH
& HAYNE,
Frank B. Hayne (In
Commendam )
Cotton Brokers,
COTTON EXCHANGE
BUILDING,
NEW ORLEANS,
LA.
ORDERS FOR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
LIVERPOOL MARKETS.
DICK BROTHERS &
30 Broad St.,
■
-
New York.
Theodore H. Price,
&vectal Fortner.
Wm. P.Quenteii.
R R. Goats.
Quentell,
Coats &> Co.,
COTTON BROKERS.
-82 Beaver Street,
-
Members N.Y. Cotton
Associate Members Liverpool
‘
CO.,
BROKERS,
BANKERS AND
New York.
-
Members of N.Y. and Philadelphia Stock Exchanges,
New York, New Orleans ana Liverpool Cotton
Exchanges, New York Coffee Exchange
and Chicago Board of Trade
(&oXXovl
consignments.
’
Cotton Exchange
New York Stock Exchange.
New Orleans
Chapman, Seller & Allen,
Members of
Street
Bonds, Stocks, Cotton, Grain.
Lehman, Stern & Co.,LtdCOMMISSON MERCHANTS,
CLEMENT,
Street corner Wall
Members of the
COTTON FACTORS and
BROKERS,
R. H. ROUNTREE &
1 Nassau
EXCHANGE
I LIVERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made on Cotton Consignments
COPELAND & CO.,
COTTON
Successors to HAVEN &
INEW YORK COTTON EXCHANGE
(NEW ORLEANS COTTON EXCHANGE
LEHMAN BR08., New
WILLIAM RAY & CO.,
CLEMENT & SMITH,
YORK
Merchants.
Cotton
Members
Orleans, New York,
Liverpool and llavre Markets.
cuted tn the New
27 William Street.
NEW
Tel. No. 1018 Broad.
New York.
-
MEMBERS OF
NEW YORK STOCK EXCHANGE.
Lord’s Court Building,
Mason Smith &
SONS,
BANKERS AND BROKERS,
CO.,
W. R. CRAIG &
NEW YORK.
1863. |
l Established
AUGUSTA, GA..
AND
COTTON COMMISSION
York and Boston Stock Exchanges
New York.
Members of the Stock, Cotton,
and Froduce Exchanges, Few
17 Sooth William
Investments.
High-G rade
Stock Exchange.
Members New York
BANKERS.
BOSTON, MASS.
< Chicago Board of Trade.
and
COTTON
.
(New York Stoek Exchange,
Members < Chicago Stock Exchange,
COTTON.
Lthman, Stern A Co.,
F.H. PRINCE & CO.,
New York,
Exchange.
Cotton Association.
Stephen
M. Weld & Co.,
COTTON MERCHANTS.
82-92 Beaver
Street,
New York City,
-
Boston Correspondents, S.
State St., Boston, Mass.
M. Weld & Co.,
Liverpool Correspondents, Weld <fe Co.
Bremen Correspondents, Albrecht, Weld
Geo. H. McFadden
89
& Co.
& Bro.,
MERCHANTS,
PHILADELPHIA.
NEW YORK.
COTTON
Liverpool
Correspondents:
FREDERIC ZEREGA St
Ire men Correspondents:
„
MCFADDEN BROTHERS
Havre Correspondents:
Qnmnvrui
TU fwDAD'T ATTOW
„
TT
Tv IT
CO.
.
A CO.
P.nUM t 88IOm
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