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——
INCLUDING
Bank and Quotation Section
and City Section (semi-AnnuaUy)
Street Railway Section (^^^laSH
State
(Monthly)
Section (Quarterly)
Railway and Industrial
.^
1^
^-,x^ iQn« >itrWirTiAMR T>iWA OoMPAjrr
VOL.
„„
^
.
tt,-
SATURDAY, MARCH
82.
in til© otlioe of Librarian of Congress,
31,
NO. 2127.
1906.
Week ending March 24
—
Clearings at
PUBLISHED WEEKLY.
_
„
ol
Subscription—Payable in Advance
^
Vor Oae ifear
For Six Months
Bnropean subscription
Snropean Subscription
$10 ou
6 00
iq
oo
i-^ no
7 50
•
----:
i"";:
(iDCludiiig postage)
Months (including postage)
postage)..
Annual subscription in London (including
Months Subscription in London (including postage)
kx
£2 148.
£1 Us.
i^
OJFIOE—P. Bartlett, 513
OHIOAGO
LONDON OFFICE— Edwards &
WlL,l.IAi?I B.
Corner
ot
162,877,963
196,346,990
23,619,100
Cincinnati
H 20
13,549,501;
11,455,122^
8,560,066,
Cleveland
Detroit
So )(,.
?X
00
60 x!(
87 00
Milwaukee
5,900,000
Indianapolis
Columbus
5,107,900,
Toledo
Peoria
3,440,373
3,165,695'
1,930,492
1,914, 754j
1,272,131
646,270;
746.151;
403,290!
848,074!
Grand Rapids
Dayton
EvansviUe
Lex'ngton
PubllsUers,
Springfield, 111.--
Pearl Street,
NEW YORK.
was.
Eng
Total New
Chicago --
Drapers' Gardens, E. C.
DANA COMPANY,
I'ine Street,
t*o»t OSUce liox
1
804,771
410,457
635,716
420,540
Holyoke
Monadnook Block; Tel.;Harrison 4012
Smith,
1,591,300!
1,726,045:
1,522,892
Worcester
Portland
Fall River
Lowell
New Bedford
Advertising— Per Inch Space
per inch space (14 agate lines)....
matter iTransient
j.A«,uwi
/ Two Months
(8 times)
times)
^ ^ ) Three Months (13 times)
Standing Business Cards < g^^ Months
(26
Months (52 times)
( T-welve
2,800,636
2,053,657
Springfield
1
oi
6,751,700;
New Haven
I
Terms
144,160,249
Boston
Providence
Hartford
Subscription includes toUowing Sections—
State and City (semi-annually)
RiiTO AND QUOTATION (monthly)
It^wrirASrSOTRirL(qujiterly) Steket Kailway (3 times yearly)
Canton
Kalamazoo
Youngstown
Akron
603,842
511,4201
Wayne
Fort
603,060
595,822
311,178
550,786
321,198
279,364
299,261
208,339
327,855
252,992
102,113
Rockford
O.-Bloomington
Quincy
Springfield,
CLEARING HOUSE RETURNS.
Decatur
The following table, made up by telegraph, &c., indicates Mansfield
lU.
houses of the Jacksonville,
South Bend
that the total bank clearings of all the clearing
Jackson
been
$2,603,have
to-day
United States for the week ending
Ann Arbor
698,870, against $2,658,364,064 last week and $2,789,486,141
Tot.Mid.West.
San Francisco..
the corresponding week last year.
283,873,139
38,526,8861
11,297,489:
9,705,788;
4,931,724
4,141,163
3,722,276
3,595,928
Los Angeles
Clearings
—Returns by Telegraph.
Per
1906.
1905.
Chicago
St. Louis ..
New Orleans
$1,370,320,190
115,290,598
120,289,081
19,347.623
158,601,917
43,883,673
14,672,884
$1,514,377,924
112,011,071
93,584,904
17.166,982
177,465,002
45,000,000
13,852,847
Seven cities, 5 daysOther cities, 5 days.--
$1,842,405,966
325,498,643
$1,973,458,730
290,076.798
Week ending March 31.
New York
-.
Boston
Philadelphia
Baltimore...
Total
5 days.
all cities,
All cities, 1
Total
day
tor
all cities
week
$2,167,904,609
435,794,261
$2,263,635,528
525,950,613
$2,603,698,870
$2,789,486,141
Cent.
—9.5
+ 2.9
+ 28.5
+ 12.7
—10.6
—2.3
+ 5.9
1905
—
—17.1
Philadelphia-..
Pltusburgh
Baltimore -.
-.
Buffalo
-..
Rochester
Scran ton
Syracuse
Wilmington
Reading
..
Wheeling
Orecnsburg
Franklin
1905.
$
1,681,933,696 1,814,981.962
New York
Blnghamton
338,378.
77,517,002
22,835,413
Total Pacific
Kansas City
.-
16,779,162:
9,798,966^
6,921,935
5,726,900
4,658,410
2,450,000
St. Joseph
Des Moines
—6.7
1,913,973!
954,4731
880,8811
Sioux City
Wichita
Topeka
Davenport
1,076,569
671,2311
522,9801
425,000;
219,033:
Colorado Springs
Cedar Rapids
Pueblo
.
Fremont
75,834,926
Tot.otherWest
53,249,063!
17.346,497
12,060.912
9.200,000
5,244,500!
5,134.512
5,426,553
3,609,408
4,083,962
4,561,627
1.936,658
2,697,856
St. Louis
New
Orleans
Louisville
Houston
Galveston
Richmond
Memphis
Savannah
Atlanta
Nashville
Norfolk
Fort Worth
Birmingham
1,649,<834
Augusta
1,255,000
1,534,481
1,345,209
1,225,865
1,153,338
1,222,914
607,629
285,909
1,376,351
Knoxvllle
Charleston
24.
Rock
Little
Inc. or
Erie
Chester
Helena
Fargo
Sioux Falls
Jacksonville
1906.
Wllkes-Barre
666,238
591,132
~^4.2 Denver
Clearings at
Washington
Albany
Tacoma
St. Paul-
9.5%.
Week ending March
Lake City..
Spoliane
—6.6 Minneapolis
full details for
is
Portland
+ 12.2 Omaha
the week' covered by the above will be
We cannot furnish them to-day,
Saturday.
next
given
on
clearings being made up by the clearing houses at noon
Saturday, and hence in the above the last day of the week
has to be in all cases estimated, as we go to press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturday noon, March 24, and the results for the corresponding
week in 1905, 1904 and 1903 are also given. Contrasted
with the week of 1905 the total for the whole country shows
a loss of 1.8%. Outside of New York the increase over
The
Seattle
Salt
,
...
138,547,723
50,129,218
24,874,039
6.265.347
4,777,553
4,478,794
3,004,029
1,795,213
1.417,750
1,143,340
1,131,570
936,655
919,902
642,761
622,775
396,200
420,022
292,860
Dec.
1904.
1903.
1,141,098,277 1,213,204,2.30
109.443,732
103,310,991
122,460,579 + 13.1
53,834,752
35,894,186
17.0
42,835,090
19,670,510
20,302,746
20.0
20,725,882 +
5,211,046
5,623,826
+ 4.5
5,996.774
3,635,740
3,665,001
+ 5.1
4,543,766
3,297,610
2,670,652
3,265,529 + 37.2
1,779.193
2,128,596
2,394,255 + 25.5
1,612.883
1,730,537
1,554,594 + 15.5
983,969
1,028,246
1,015.865 + 39.6
1.206,256
1,029,392
964.131 + 18.6
1,026,564
960,338 + 17.8
809,404
862,771
837,705 + 11.8
049,158
580. 5S2
609,344 + 51.0
30S.,S63
438,296
410,925 + 32.1
417,086
408,226
364,341 + 43.5
385,800
409,200
—6.9
424,300
407,189
371,312
359,836 + 17.0
229,385
181,562 + 61.3
Total Middle.. 1,923,529 247 2,024.886,778
+
—6.0
Chattanooga ..
Macon
Columbus, Ga..
%
—7.3
1,322.808,786 1.416.817.410
Mobile
145,554,100
6,312.300
2.924,770
1,912,204
1,881,637
1,489,172
1,319,838
816,475
442,919
491,524
449,272
163,094,211
178,412,360
22,273,600
17,387,741
9,933,134
7,371,714
5,962,933
4,223,100
3,127,467
2,764,445
1,729,367
1,585,500]
1,320,164,
739,070
822, 570!
835,632;
655,234!
1904.
Dec.
1905
—1.0
+ 7.0
+ 7.4
+ 15.2
+ 15.9
+ 15.4
—4.2
—14.3
—7.3
+ 29.3
—6.4
—0.1
+ 10.1
+ 6.0
—22.1
+ 15.3
+ 16.1
—1.1
+ 20.9
+ 10.0!
+ 14.5!
+ 11.6;
+ 20.8!
—3.6:
—12.6
—15.5
—51.7
+ 29.4
—5.8
—0.2
—6.7
641,167
512,300
646,532!
519,342!
340,779
432,120
349,604:
302,335
320,065
294,189
258,021
259,512
89,149
+ 14.7
—8.7
+ 27.5
—8.1
—7.6
—6.5
—29.2
+ 27.1
—2.5
+ 14.5
+ 7.5
+ 23.3
+ 35.4
+ 1U.6
3,875,500: + 27.2
2,562, 163i + 61.6
2,543,078! + 46.4
2,927,844! + 22.8
—1.5
676,5901
524,955! + 12.6
239,365, + 41.4
57.526,536 + 34.8
+ 2.3
22,329,775'
+ 6.0
15,829,220:
8,181,665 + 19.8
6,205,242 + 11.5
+ 8.9
5,256,997
+ 4.6
4,452,923
+ 3.9
2,357,413
1,492,716 + 28.2
264,169,196
31,249,839
8,341,489
4,586,663
1,106,417
1,050,401
825,594
709,302
433,326
339,707
197,450
—13.7
—16.2
70,788.148
64,151.714
+7.1
17.091.186;
10,548,674
7,669,602
4,911,500
4,338.021
5,119,079
2,524,404
3,552,702:
2,747,216
1,808,2.85
+ 30.4
—5.4
+ 20.7
+ 18.2
+ 10.9
—1.7
+ 1.5
+ 14.3
+ 20.0
+ 6.8
+ 18.3
+ 6.0
+ 43.0
+ 14.9
+ 66.0
+ 7.1
+ 5.3
+ 21.2
—19.7
+ 25.9
+ 20.8
+ 19
+ 3.4
+ 40.1
2,560,932
1,360,847
1,502,954
1,218,738
1,113,529
"
1,028,294
1,115,038
872,185
—0.7
510,958
234,311 + 22.0
Not Included In total
+ 6.9
126,040,169
134,731,787
Total Southern
2.668,364,064 2,706.505,038
Total all-
—1.8
891,623,076
+ 9.5
Outside
iS
Inc. or
1906.
Terms
Washington, D. O
N.Y..
976.430.368
Canada
Montreal
Toronto
Winnipeg
Ottawa
Halifax
Quebec
Vancouver
Hamilton
St. John
London
victoria
Total Canada
-
26,276,917
19,077,645
6.981.535
2,429,565
1,500,000
1,616,422
2,107,003
1.207,166
877,847
812,099
911,430
27.854, 872
18,972, 536
4,817, 833
2,157, 078
1.594 ,763
1,291 ,975
1.492 ,910
1,314 ,0.86
884 .532
824 ,782
680 123
63,697,036
61,885.490
—5
+0.6
+ 44.9
+ 12.6
—5.9
+ 17.4
+ 41.2
—8.1
—
—1.5
0.:'
+ 34.0
+ 2.9
1903.
115,852,917
5,821,700
2,614,256
1,641,240
1,338,907
886,000
1,235,709
690,366
346,734
335,521
410,198
113,531,625
6,132,600
62,197,026
1,485,794
1,218,270
1,329,586
1,212.534
791,166
447,651
465,245
311,505
131,173 548
154,959,683
21,178,200
11.559,341
8,804,976
6,883,767
4,540,249
4,088,800
2,854,488
2,853,202
1,502,986
1,652.797
1,179,657
722,535
642,845
496,469
581,912
648,751
538,400
129,133,092
161,874,835
20,731,200
18,442,856
9,259,553
5,970,722
5,714,555
3,899,800
2,695,495
2,390,644
1,554,814
1,632,296
1968,952
545,615
638,685
483,226
589,624
641,390
643,000
560,824
336,856
394,226
308,445
257,767
186,857
195,223
530,954
396,504
381,060
443,540
229,940
179,297
192,910
"igy.isi
58,593
"Y92',688
228.184,830
22,691,226
231,301.063
26,559,985
5,240,184
3,134,986
3,924,110
2,816,991
1,815,485
1,859,931
479,962
453,974
202,304
5,965.611:
3,651,1691
2,748,132
2,286,591
1,917, 840!
1,865,1281
486,355:
372,735
200.864
42,183,651
18,877,884!
13,387,023
7,614,369!
5,778,625
3,806,000,
4,079,268
1,986,581
1,168,853
1,089,756
773,216
940,229
603,333
337,899
77,508
46,487,912
18,197,852
12,518,084
7,403,378
5,800,664
3,536,922
4.867,731
1,967,032
1,499,215
822,439
1,280,671
763,625
372,734
176.786
161,254
60,519,822
49,064,321
23,303,528
8,610,394
5,882,528
4.126,500
4,218,486
4.250,285
2.452.496
2.649.837
2.415,649
1,677.423
1,533,780
59,191,601
44,280,533
12,403,288
9,469.010
6,880,655
4,135,500
3,194,736
3,133,336
3,312,900
2,590,692
2,060,873
1,502,007
1,605.857
1,349.740
1,216,183;
1,120,395
1,358,591
1,057,020
994,824
764,933
701,053
1,096.000
178,591
1,5.87,222
913,530
1,021, .371
804.583
327.422
593,440
743,000
102,088,835
118,735,823
1,903,717.660 1.984,836.793
762,619.383
771,632,563
526,890
23,871.487
14,325.118
3,017,179
1.736,064
11,491,793
1,218,278
917,339
777,164
675,427
691,696
397,186
45.219,902
49,718.721
18,706,208!
13,297.943
4,436.754
1.859.484
1,343,051
1,211,600!
1,301,023
1,064.784
796,516!
675,029,
THE CHRONICLE.
718
[Vol. Lxxxii.
any advance in the price of coal, and an attempt on the part of the men to obtain more than this
to share in
THE FINANCIAL SITUATION.
The overshadowing event
of the
week has been the
is
clearly
ill
advised.
In the case of the bituminous coal-fields the situaimpending stoppage of coal mining in both the bitumition
is not so clearly defined, and matters are further
and
the
nous
anthracite coal fields.
The joint conference of operators and miners from the bituminous complicated by the fact that dissensions have arisen
The lot of the soft
fields, held at Indianapolis, definitely adjourned on in the ranks of the operators.
Thursday after having failed to reach any basis of set- coal operator is at best a hard one. Bituminous coal
tlement. Fortunately, in this last instance certain is found in so many different States that competition
developments which occurred yesterday tend to mod- is necessarily very intense and profits are cut to very
In the small figures. In some parts of the country, too,
negro labor is employed to a considerable extent
already been ordered, beginning Monday morning at the mines and this class of labor can be more cheaply
next.
This action was taken by Mr. John Mitchell and obtained than white labor; yet the product of the
his committee of miners without waiting for the result one comes in competition with the product of the other.
ify the situation
appreciably for the better.
anthracite regions a total suspension of mining has
hence be seen that the situation differs radifrom that in the anthracite regions, where the
ers and operators called for Tuesday next, April 3.
The outlook in the anthracite regions, therefore, is not mines are concentrated within a very narrow area of
territory.
It will be perceived, too, that there is
altogether encouraging.
of another meeting of the joint
sub-committee
of
min-
It will
cally
An
cite
outsider cannot help feeling that for the anthra-
miners to precipitate another strike at this time,
all the points at issue were so recently decided
after
by the Anthracite Coal Commission appointed by
President Roosevelt at the time of the strike in 1902,
would be an inexcusable act
That Commis-
of folly.
sion put the whole subject of the relations between
miners and operators on a broad and comprehensive
It gave the men a 10% increase in wages on
basis.
top of a previous large increase and provided for a
sliding scale insuring further
price of coal advances.
advances as the
It also
made
selling
wide divergence of views. The miners demand an increase in wages here as they do in the
anthracite region, but this demand rests on a different
foundation.
At the time of the country's industrial
setback early in 1904, the bituminous miners yielded
up a portion of the advance previously obtained by
them. The operators had determined upon a 15 per
cent reduction in wages.
An agreement was finally
reached on the basis of a reduction of 5 per cent (or
one-half the advance granted the previous year) the
arrangement covering two years, which are now about
room
for
provision for to expire.
the establishment of a Conciliation Board for the pur-
In their
final
conference this week with the opera-
pose of settling future differences and controversies. tors the bituminous miners changed their request for
This board consists of six members, three being an increase to a demand for the restoration of the
employees and three operators, and an umpire may
also be appointed by one of the Justices of the United
States Circuit Court for the Third Circuit.
It is difficult to see how a fairer and more comprehensive
scheme could be arranged or devised, and no valid
reason appears why it should not be continued. The
sliding wage scale, it must be admitted, is an admirable
contrivance, wages increasing as the price of coal
goes up and receding as the price of coal goes down, but
never dropping below the minimum. Furthermore, the
machinery has been created, it will be seen, for dealing
with and removing all grievances, real or alleged, as
they come up. The position of the operators is that
wages received by them in 1903. All the operators
seem to be agreed that a return to the high wages of
1903 would be unwise, but some of them, like Mr.
F. L. Robbins, of the Pittsburgh Coal Co., which has
very large contracts to fill, appear to think that the
acceptance of the 1903 wage scale would be a lesser
evil than the complete stoppage of work, with all that
that involves. Furthermore, it also seems to be felt
by such operators that consideration should be given
to the harm which must result to other industries
from the cessation of coal-mining. In this sense a
strike in the bituminous regions would be a very
much more serious matter than a strike in the anthra-
Anthracite coal goes very largely into
all the matters in dispute having been so recently cite regions.
passed upon and adjusted, continued adherence to this family and domestic use. Bituminous coal, on the
scheme is the only wise and safe policy for both oper- other hand, is the prime essential to industrial and
and men.
The miners, however, having gained manufacturing
such a decided advance in wages on two previous occa- tries would be
ators
sions, are seeking to force a further large concession
class
of fuel
activity.
The
iron
seriously crippled
should be cut
off
if
and
steel
indus-
the supply of this
or appreciably cur-
same kind But obviously there is a limit both to tailed. Having due regard for the welfare of our
increases in wages and to reductions in hours. Should manufacturing interests, every one must share the
the miners be successful in their efforts, there must be hope that such a calamity as a general or widespread
Some
further additions to the price paid by the consumer strike at the soft coal mines will be averted.
President
That is a possibility which cannot be ex- of the operators have made an appeal to
for coal.
of the
.
pected to appeal
favorably
to
the
general public.
Very palpably the miners are over-reaching themserves.
Their position is an untenable one and they
should recede from it while it is still possible to do so
with good grace. Mr. John Mitchell has on occasions
displayed rare good judgment, and the present furnishes
him another opportunity for employing the same faculties, in the interest alike of the men and of the general
The sliding scale of wages enables the miner
public.
Roosevelt for the appointment of a commission to investigate conditions
and make an award
as
was done
in the anthracite regions after the strike of
1902.
The miners, however, are fighting shy of the commission idea, and voted yesterday to let the men
employed at the mines controlled by Mr. Robbins
make
contracts on the basis of the latter's offer of
the wages of 1903
should be
— instead of insisting that no mines
allowed
to
work
unless
all
other mines
Mar. 31
J
THE CHRONICLE.
906.]
719
It is probable that the importation now in transit
bituminous districts conceded the same terms.
materially.
been effected at a greater profit as an exchange
situation
very
has
the
improves
This action
than was that which immediately preceded
tactical
operation
move
It would appear to have been a wise
on the part of the mine- workers, and it affords assur- it, for exchange at Berlin on London was higher and
ance that at least there will be no general strike sterling at New York on the British capital was lower
this week, and computations, on the basis of these
at the soft coal mines.
two factors, indicated a profit as an arbitrage operaA notable feature of the week has been the firm tone tion, provided the consignment shall be counted by the
of the stock market in face of the threatened labor
importing bank in its reserves while the metal is in
Of course prices have
troubles at the coal mines.
Most likely the reason why other bankers
transit.
fluctuated more or less, and at times there has been
heretofore have not undertaken to import gold from
weakness, but the undertone has invariably remained
Europe, and also why they will not at present assume
Even yesterday, with the unqualified announcefirm.
the risk of importations, is that those who are not
ment in the morning papers that mining would be sus- national bankers are unable to employ the gold as
pended next week in both the anthracite and the
reserve, as can the latter, while it is en route hither.
bituminous districts, the effect on values- was much
If, however, sterling should decline still further and
Prices opened
less than might have been expected.
exchange at Berlin on London continue to advance,
No
off about a point, and then recovery ensued.
the opportunity may be offered foreign bankers to
doubt there is a wide feeling that a settlement of some
import the metal, if they so desire, as an arbitration
kind may yet be patched up, and it may also be felt
operation independently of the advantage enjoyed,
that a general strike involving both soft coal and hard
as above noted, by national banks having foreign
coal would be of such unwieldy dimensions that it
exchange departmfents. It seems possible, though,
must soon collapse through disintegration. The
that the supply of American gold in Berlin is so comfavorable character of some of the annual reports of
paratively small that a more general importing move-
in the
the Vanderbilt
roads issued the present week also
Some
served to impart strength to the market.
these, notably that of the
Lake Shore
&
of
Michigan
Southern, furnish marvelous revelations as respects
the magnitude of the appropriations out of income
for
improvement and betterment work.
Returns
of
earnings, too, for current periods record remarkable
For instance, the Erie Railroad, which is
more of a trunk line property than an anthracite coal
road, in its statement for February issued this week
gains.
reports $922,339 increase in gross earnings for the
month and $601,348
increase in net earnings.
Most
other February statements have been of the same
gratifying character,
making
it
evident that the com-
ment might tend
to absorb all that
is
available
Probably the reason why the bank importer's opertions are now confined to American coin is that bars
in London have been protected through an advance
this week in the market price to 77 shillings 10 pence
Moreover, as the Berlin rate for exchange
per ounce.
on London is at the gold-exporting point, presumedly
German bankers are shipping bars, these being the
most profitable forms of gold. Furthermore the Paris
rate on London is at the gold-import point and it seems
likely that French bankers, who are seeking gold from
that source, are also obtaining some of the metal in
the form of bars from Berlin. It is reported that a
loan for $160,000,000 is soon to be issued in Paris on
the Government's fiscal account, and French bankers
United States railroads for Febreviewed by us last week
for January, and which showed no less than $26,424,would naturally desire to procure gold for
633 increase in gross earnings compared with the cor-
pilation of earnings of
ruary will be
much
like that
responding month of last year.
and
thus advance the price.
thus increasing the
demand
this purpose,
for bars.
Industrial activity
and good weather conditions furnish the key to this
About five months ago we summarized and restriking improvement in the revenues of our transporviewed a magazine article relative to the burden of
tation lines.
Of course the character of the returns
public printing, written by a department clerk who
would quickly change with a strike of any considertook a rather discouraging view of the subject, the
able dimensions at the coal mines.
as respects the
root of the trouble being mainly
in Washingthat
we
have
out
work
turned
Though it was reported early in the week that a quantity of
large amount of gold would this week be imported ton an enormous publishing machinery, with some
from Berlin by the bank which has thus far solely thousands of persons to furnish "copy" but not a
conducted such operations— the sum engaged, as an- single person to perform the editorial function. About
nounced on Wednesday, was only one million dollars. two months ago the subject was taken up in an
It appears probable that this consists of American Executive order which directed the appointment in
gold coin and that it has been remitted from St. Peters- each Government department of an advisory commitburg to Berlin, for a London cable on Monday stated tee to perform this editorial work after a fashion
that the $1,250,000 gold which, as reported in this upon lines which we sketched at the time. The subcolumn, was engaged last week, was American coin ject has again come up during the past week in the
from Russia. Moreover, it was regarded by bankers form of a joint resolution which first passed the
intended
in this city as likely that the gold now reported was House unanimously and next the Senate
the
authorizing
flood
by
upon
the
check
put
some
to
secured by the importing bank directly from the
editions
of
size
limit
the
to
Mendelssohns, the lierlin bankers for the Russian joint printing committee
—
—
—
—
Government. All doubt as to the kind of gold will, in every instance.
One Kansas member said that hy{lrograi)hic reports
however, be set at rest when the consignment that was
engaged last week shall arrive to-day (Saturday) and keep coming and are so full of polysyllables that they
when the $1,000,000 reported this week shall be sound like a foreign language and only the elect
learned can understand them; a Wisconsin member
received next week.
THE CHRONICLE.
720
rejoined that
somebody has
lately
sent
him
three-
on the triacic cephalopod
genera of America, and he wanted protection. Chairman Landis of the printing committee said there are
now stored in sundry places in Washington, for a
part of which S14,000 rental was paid last year,
more than 9,500 tons of obsolete documents, and that
at 20 tons per car a train 2}/^ miles long would be
required to take them away from the city. He added
that 70,000 volumes of the Congressional Record are
now stored up annually because nobody wants them.
After all this, which is partly facetious exaggeration,
but quite too much bare truth, there is n othing to be
added except the hope that~the~habits of Congress will
not presently make this proposed check ineffectual.
volume
sets of a treatise
the business at
[Vol. Lxxxn.
6%.
Time
contracts were firmly
held, especially for short dates, early in the week; but
were more liberal, and quotations on
good mixed Stock Exchange collateral were 4^@5%
for all periods from sixty days to six months.
The
demand was light, the majority of the commission
houses being well supplied, and there seems to be good
evidence that the larger borrowers have made provision, through sterling and franc or other Continental
later offerings
loans, for their requirements, at least until the fall
months. Commercial paper is in good request,
though chiefly by interior buyers. Quotations are
5}4@5}4% for sixty to ninety day endorsed bills
receivable, 534@5H% for prime and 6% for good four
to six months single names.
There was no change in official rates of discount by
The Bank of England rate of discount remains unany of the European banks this week; compared with changed at 4%. The cable reports discounts of sixty
last week, unofficial or open market discounts were to ninety day bank bills in London S}/8@3}/^%.
The
It is reported at Paris
easier at all the chief centres.
open market rate at Paris is 3% and at Berlin and
that a French loan of from $148,000,000 to S160,000,- Frankfort it is 4%. According to our special cable
000 will soon be issued for the Government's fiscal re- from London, the Bank of England lost £180,125
quirements. One of the London financial papers bullion during the week and held £38,450,218 at the
states that arrangements have been concluded for a close of the week.
Our correspondent further adRussian loan of $250,000,000 to be emitted after the vises us that the loss was due to imports of £699,000
settlement of the Moroccan differences. We discuss (of which £405,000 from Germany, £80,000 from Austhe matter in a separate article on a subsequent page. tralia and £214,000 bought in the open market), to
The cable reports that settlements for the final instal- exports of £195,000 (wholly to South America) and to
ment of the Japanese loan, which was negotiated in shipments of £684,000 net to the interior of Great
November last year, were effected in London this w^eek. Britain.
The feature of the statement of the New York Associated Banks last week was the moderate increase of
The foreign exchange market was generally lower
$498,650 in surplus reserve to $6,363,775. Loans this w^eek. There was only a moderate demand for
were expanded by $3,901,200, cash increased $1,549,- remittance, bankers and others who could defer settle300 and deposits were augmented $4,202,600. The ments preferring to employ their balances in the loan
bank statement of this week should reflect, among markets. Speculators took advantage of the light
other items, the receipt of $602,943 gold from London, inquiry and of the prospect for dear money on call and
being the remainder of the consignment of $1,250,000 freely sold bills early in the week, and the news on
which was engaged for import hither on March 13th. Wednesday of the practical settlement of the Moroccan
The $1,250,000 gold which was procured in Berlin last troubles contributed to a sharp fall in sight
week for shipment to New York is expected to arrive though there was subsequently a partial recovery.
to-day (Saturday). One notable feature of the Sub- One feature of the week was a decline in guilders,
Treasury operations this week was the payment into reflecting offerings of these bills against securities.
that office by the local banks, for the account of some Purchases of American railroad properties in Amsterof their correspondents in the interior, of an aggregate dam are reported
to have been quite large recently.
The Ordinarily settlements for such purchases would be
of about $1,000,000 for subsidiary silver coin.
Secretary of the Treasury recently announced that, effected principally through Continental centres other
owing to the exhaustion of the appropriation therefor, than Amsterdam, but the condition of that market
the free distribution of such coin would be suspended now is said to be such that direct
adjustments are
Consequently banks preferable. The easier tone for discounts in London
after the end of this month.
which wished to procure supplies of the coin made their was reflected in a fairly good demand for long sterling
requisitions upon the Sub-Treasury this week through
and at the same time there was some drawing of these
their
New York
The market
week by some
correspondents.
for day-to-day
money was
bills for
affected this
calling of loans preparatory to the dis-
tribution of April dividends.
Monej^ on
call,
repre-
senting bankers' balances, loaned at the Stock
Ex-
change during the week at 8% and at 33^^%, averaging
about 5%; banks and trust companies loaned at 4%
as the
minimum.
were at
4^%
and
On Monday
at
3^%,
loans at the Exchange
with the bulk of the busi-
the extension of foreign loans.
Commodity
and especially those against grain, were freely
offered on Monday, but, as usual, they were promptly
absorbed. Few new finance bills were reported, but
there were considerable amounts of sterling and franc
loans negotiated, the bills being borrowed against
collateral and disposed of by the borrower, who contracted to liquidate the loan by returning the bills in kind.
There was, as elsewhere noted, an engagement on
drafts,
4%. On Tuesday transactions were at 4^% Wednesday of $1,000,000 gold in Berlin for export
and at 4%, with the majority at 4^^%. On Wednes- hither. The remainder of the consignment of $1,day loans were at 6J^% and at 4%, with the bullc of 250,000 amounting to $602,943 which was engaged
the business at 43^%. On Thursday transactions in London on March 13, arrived on Saturday of last
were at 8% and at 5%, with the majority at 6%. On week, and the $1,250,000 that was procured in Berlin,
Friday loans were at 7^% and at 4%, with the bulk of as reported in the "Chronicle," is due to arrive to-day
ness at
—
—
.
-.
MAR. 31
.
,
.
above-mentioned $1,000,000
(Saturday), leaving the
from Berlin in transit.
Nominal quotations
83@4
4
721
THE CHRONICLE.
1906.
exchange
sterling
for
THE PROPOSED RUSSIAN LOAN.
With the evident approach
are
of a settlement of diplo-
new
matic differences at Algeciras, the question of a
naturally,
Russian loan is again coming to the front;
and 4 86i^ for sight.
83J^ for sixty-day
The
week at
Saturday
tone was generally firm on
until such a settlement.
the previous day, of 10 it could not be considered
with
compared
an advance,
very definite statements
fortnight,
8275 and of 10 pomts for Within the past
points for long to 4 8250@4
On have been put forth regarding the purpose of the Euroshort was unchanged.
cables to 4 86@4 8610;
The loan,
in this matter.
fall of 25 points for pean banking community
Monday the'tone was heavy;with a
which
amount
the
for
$250,000,000,
will
be
of 20 points for short to it is stated,
long to 4 8235@4 8250,
autumn
last
of
negotiations
points for cables to 4 8575@ was named in the original
4 8535@4 8540 and of 25
wliich, it will be remembered, were
fell 5 points to 4 8530@ —negotiations
4 8585. On Tuesday short
On broken off by the revolutionary uprising. As to the
cables were unchanged.
4 8535, while long and
8250 terms of the loan, no authoritative details have as
Wednesday long recovered 5 points to 4 8240@4
something to say
8525@4 8530 and cables yet been named. We shall have
but short fell 5 points to 4
of our discussion of the situ8580. On Thursday there was on this point in the course
5 points to 4 8575@4
by a renewal of these neshort and cables, the former to ation wliich will be created
a decline of 5 points in
4 8570@4 8580; long gotiations.
4 8520@4 8530 and the latter to
Government imIt may be asked, Has the Russian
steady on Friday
was unchanged. The market was
Of that there
of money?
for long, of 5 points for perative need of this sum
at an advance of 10 points
opening of
the
at
report
his
can be no question. In
short and of 10 points for cables.
the fiscal
stated
for sterling the year, the Russian Finance Minister
The following shows daily posted rates
(American
position of his Government as follows
exchange by some of the leading drawers:
used):
values being here
of last
Tues.,
FTi..'^
Wed..
Thurs.,
83
86
83
86)4
83
86)4
83)4
83
86^
83)4
mVi
86)4
83)4
83)4
86)4
83
83)4
86)4
83
86)4
83
86)4
83)4
86)4 3
Afore.,
Fri.,
Mch.23 Mch. 26 Mch. 27 Mch. 28 Mch. 29 Mch. 30
Brown
Brothers
Baring.
&
J60 days
Magoun &Co
Bank British
Bankol
Montreal
Canadian Bank
Commerce
Heidelbach, Ickel-
heimer
Lazard.
86^
1 SjSjj''
North America --
of
K
1 Sight
60 days
Co
&Co..
83
86)4
83J4
83
86
83 }|
60 days
Sight.
60 days
< -r jv
1?!??^- l60 days
1 bight. _
]60 days
86^
83 V|
S6H
8334
87
83^
83)4
87
83)4
87
83
86)4
83
86)4
87
83 J4
87
83
86 !4
83
1^1^!,"--
60 days
ibignt..
Freres
Merchants'
^
1
Bank of Canada
I
83)4,
60 days
Sight.
83
86)4
83 H
86J4
86H3
4 87
H
83^
86)4
83)4
86)^
83)4
87
83M
86H
83^
87
83^
83)4
87
83
86)4
83
86)4
83
86)4
87
83
•
H
mVi
83H-
83)4
86)4
^^'^ITooC
i.uuu.uw
$1,014,900,000
''40
..w.ouu.uuu
500 000
',^
Total revenue
---t-t
Ioan.s to be contracted
,
Total estimated receipts
Ordinary expenditure
Extraordinary expenditure
•
86^
H
86K
.
From
86^
83
83
86)4
83
r^
83
86^
86H
ordinary revenue
Extraordinary revenue
86^
ll'nm'noo'ooo
*^'946
-w.^uu.uuu
400 000
,W ,255,400,000
Total expenditure
be seen from
It will
these figures that a deficit of
was reckoned on. It may be
shortage
considerably larger. As a matter of fact, this
himself
Minister
the
was wholly inherited from 1905;
not
were
war
remarking that "the expenses of the late
at least $240,500,000
on Friday at 4 8250@4 8260 for
4 8580@4 8590 for
loner 4 8525@4 8530 for short and
Commercial on banks 4 8210@4 8220 and
cables.
budget for 1905, in strict accordance
Cotton for included in the
documents for payment 4 81^@4 82^owing to the difficulty of limiting
8210 with the regulations,
payment 4 81M@4 SIJ^, cotton for acceptance 4
In other words
the expenditures to a definite figure "
payment
4 82^@4 82)^.
for
grain
and
8220
@4
is to provide
the money which is now to be borrowed
year, which
last
finances
deficit in Treasury
The market
closed
.
The following
to and from the
movement of money for the
has thus
by the New York banks:
gives the week's
interior
been carried along by the makeshift of
maturing.
short-term notes, some of them already
far
open, what the outlook
It has been pointed
Loss 82,049,000 actually is at the present moment
87,897,000
85,848,000
Currency
728,000
Loss
1.004,000
876,000
ordinary
Gold -.by European critics that the estimated
Loss $2,777,000 out
$9,501,000
86,724,000
Total gold and legal tenders.
of
estimate
the
exceeds
budget
revenue of the Russian
as
an'
is
least
result
the
is
at
With the Sub-Treasury operations
a year ago by $254,000,000. This
way of looking at the future, considering
.
.
Net Interwr
Movement.
Shipped'by
V. Y. Banks.
Received by
N Y
Week ending March 30 1906.
Banks.
leaves
This
the
question
.
follows:
Week ending
$6 724.000
23.400,000
$9 ,501,000
24,616,000
Loss $2,777,000
Loss 1,216,000
legal tenders...
$30,124,000
834,117.000
Loss $3,993,000
The following
in the principal
of
Gold.
table indicates the
amount
£
England.. 38 .450,218
France .
116 ,906,336
Germany a' 38 792,000
92 ,635.000
Russia
Aus.-llunb 40 ,089.000
Sp.aln
15 ,078.000
Italy
28 297,000'
Neth'l'ds.
6 ',054,100
Nat. Bel
3 ,422,000
!
of
European banks:
Silver.
nomic
have been gravely disturbed ever since,
bullion and its money market seriously tightened.
needs the
In any case, the supposition that Russia
Total.
Gold.
£
£
5,133.000!
3.2.54,000
Silver.
Total.
£
£
39,753,914
44',022.664 154,034,,368
14 317,000 57,267,000
6 382.000106.877,000
KiOos
3 383 900, 25,689,900
1027,000
12,328.400
4.881,000
I
'
!
'
the
amount
ol
Kronen by 24 Instead
of
20
finances
on the markets generally? So far as can
in Europe's
be judged from the expression of opinion
no great
money markets, the loan can be floated with
was
lonn
similar
a
that
It will be recalled
difficulty.
by
October
last
absolutely agreed upon in principle
nearly all important
the banking representatives of
delegates of these
the
markets of the world, and that
what
OOOi G1.1S9.000
20'.s9G,00O 35,812,000
0'314,700
its
application to
$250,000,000 named as the sum of her
The more
doubted.
the loan markets will hardly be
obtain such acpractical questions are. Where can it
with
commodation, on what terms, at what price, and
March 30 1905.
38,450,218 39,753,914
704
42' b'35'2S2jl.5S.941,01S 110.611.
12931000': 51 723 000' 42,950,000
100,495,000!
397.000
97
\'7r,->m()'
r'',s.V)'000 .5S.94S,000 48,181,000
2VS49'000 3S 027,000 14,910,000
3855600 32 1.52,600; 22.306,000
r^fiUim
12 099 700
6.045/
1711000
the year Russia
that during the opening months of
and ecoindustrial
was still suffering from the social,
disorganization brought about by the strike,
that
March 29 1906.
I
Bank Holdings.
ts
Sub.-Treas. oper. and gold cxp
" Total gold and
Net Change in
of
Banks
Banks.
March 30 1906
Banks' interior movem't as above
Bank
optimistic
^
Out
Into
result
Petersburg conbanking houses were actually in St.
when the Russian
ferring with the Finance Minister
THE CHRONICLE.
722
[Vol. lkxxh.
That the loan negotiations were he is in the Russian negotiations, terms will be made
abruptly canceled, and that the negotiators had to with the utmost care to prevent disturbance of the
withdraw by sea on account of the tieing-upof railway lending markets through a too liasty recall of the capitransportation by the revolting citizens, are now tal advanced or the gold on which that capital creates
matters of history. The point to notice is that order a claim. With external Russian loans, it has already
has been restored in Russia, and that it has at least been abundantly proven that this immunity of outside
been settled that the existing Government is a safe markets may be pretty safely granted, for the reason
party to deal with in a negotiation of this sort. In the that the debts which Russia has to pay in making both
•eyes of Western Europe, it is safer for the reason that ends meet on her annual finance account are largely
the Czar's grant of personal liberty has placed the payable on the very markets where this fund is to be
raised.
Government on a surer basis for the future.
Russia
is
that
the
fact
Back of all this, however, lies
obliged to have this money to avert very serious finan- THE LAKE SHORE & MICHIGAN SOUTHERN
revolution broke out.
cial trouble.
ANNUAL REPORT.
Its short-term notes are constantly fall-
The annual report of the Lake Shore & Michigan
Southern
Railway Co., always an interesting document,
its
current needs, out of its home
The condition of is this year more so than ever. Both as a further dembeen repeatedly demonstrated.
Russia's finances has been shown by the con- onstration of the fiscal policy so long pursued in the
St. Peters- management of the property, and as a record of new
tinuous drifting of gold away from
burg, which resulted not long ago in a fall of the operating achievements, the results are certainly noteImperial Bank's reserve to a figure slightly beow the worthy. The report, which covers the calendar year
ratio to outstanding notes stipulated by the law of 1905, comes this time considerably earlier than on
The Bank, to be sure, has regained a stronger former occasions.
1897.
The feature, of course, which attracts most attention
position since it reached low level in its report of January 29. It has somehow managed to increase its home in the case of the Lake Shore report is the large charges
gold reserves; the short-time loan of six weeks ago at to expenses for new construction and new equipment
ing due.
That
its
Government cannot provide
resources,
Paris enabled
it
to
pay
its
for
has
current foreign debts with-
out very seriously impairing
its
outside balances, and
not mere renewals
tions.
When
.
and replacements but actual addi-
the preliminary figures for the twelve
meantime $25,000,000 of the notes were re- months were made public last December, recording a
deemed and canceled. But it was obvious that this loss in net earnings in face of a further large expansion
better situation rested as yet on the insecure basis of in the gross revenues, we pointed out that in the caltemporary loans, and furthermore that the strain on endar year 1904 these expenditures had included no
Russia's public credit was liable at any moment to less than $5,557,235 for new construction and equipment, and we expressed the opinion that the amount
begin anew.
in the
France, as the holder of Russia's old securities in so included in 1905 (the preliminary statement gave
no details) could have been no less. It now appears
it has been before,
bulk, was naturally interested, as
from the report that these construction and equipment
France was the market best prepared of any market outlays were actually increased in the further sum of
Hence it $1,546,558. In other words, in 1905 no less than
in the world to provide the necessary funds.
is reasonable to expect that the coming operation will $3,743,020 was charged to expenses for new construcbe financed in Paris with the assistance of Berlin. tion and $3,360,772 more was charged for new equipPresumably this new loan will be placed at a lower price ment, giving altogether an outlay on these accounts
than the bankers had been inclined to grant last Au- in this single period of twelve months in the extraorditumn; for both the shocks on confidence in Russia's nary sum of over 7 million dollars $7,103,793. Disgovernmental position and a heavy fall in price of Rus- cussing these outlays, the report states that the amount
It would charged for new construction included heavy expendisia's own securities have happened since.
tures to increase the efficiency of present structures in
Russia
did
not
now
have
raise
its
bid.
if
to
strange
be
The influence of this $250,000,000 Russian bond ne- connection with the four-tracking of the main line to
gotiation on the other money markets is not entirely meet the demands of increased traffic
The extra outeasy to predict. Abroad, as here, disposable capital lay for additional cars and engines, it is noted, has enhas been increasing in enormous volume as a result larged the facilities for handling tonnage.
As is well known, the Lake Shore has long enjoyed
But along with this
of the profitable times in trade.
increase in supplies of capital, demand, as our readers distinction for its policy in devoting such large amounts
know, has increased also in such magnitude as fre- of earnings each year in the way indicated. A double
quently to tax severely the available resources. Our track the entire length was paid for in that manner,
own market is an applicant at the doors of European and third and fourth tracks are now evidently being
But in the late year's approinvestors to place our own new securities; England, provided in like fashion.
flotations
priation
of
earnings
for the month of Janufor the purposes mentioned the
whose record of new
ary footed up only $15,000,000, has since then placed company has excelled its own best record. It is to
$100,000,000 on the market, and whereas its January be recollected that the Lake Shore is not a system of
total of such issues was the smallest in a dozen years, very large mileage, it comprising altogether only a
Hence the $7,103,793 charged
its record for February and March has rarely been ex- little over 1,500 miles.
ceeded save in the Boer War years. To what extent to expenses for new construction and equipment repthis situation will be influenced by the proposed $250,- resents an average of almost $5,000 per mile of road.
000,000 Russian loan, is no doubt an open question. Another comparison should serve to bring still more
This much may safely be conjectured that when the forcibly to mind the magnitude of these expenditures
borrower is so completely at the mercy of the lender as by the Lake Shore. The Pennsylvania Railroad can
in averting such a crisis, and, fortunately for Russia,
—
.
.
—
—
Mae.
THE CHRONICLE.
31 1906.J
723
certainly lay claim to a very distinguished record of
sively per unit of work, and, secondly, in holding down
though, that its capital, as represented by stock and bonds, and upon
appropriation for "extraordinary expenditures" on all which a return must be earned. The Lake Shore
the lines directly operated east of Pittsburgh and Erie would not be in the present fortunate position if the
for the same period of twelve months was not very policy which we see so strikingly illustrated in the 1905
much larger than the construction and equipment out- results had not been pursued for many previous years
in fact, during practically the whole history of the comlays of the Lake Shore, being $8,424,881.
its
own
in that particular; the fact is,
Nor can it be claimed that the $7,103,793 charged pany. The benefits here are cumulative, just as they
by the Lake Shore to expenses in 1905 constitutes the always are in matters of wise and far-sighted adminiswhole of the outlays of an unusual nature made during
As in the case of the Pennsylthe year in question.
vania Railroad, very considerable amounts of improvement and betterment work are always included
in the maintenance accounts, and when times are prosperous and earnings good, such improvem'ent and betterment expenditures are sure to run exceptionally
tration.
It is to be observed, furthermore, that while thus
spending so liberally each year of its income, the Lake
Shore Company is nevertheless practicing the utmost
economy
in operations.
No
waste
is
The
permitted.
most careful attention is yet being paid to the minutest
details, and all efforts are being directed towards
heavy. An instance of this is furnished in the present attaining still greater efficiency in the handling and
Looking
at the
details of movement of traffic.
Lake Shore report.
One illustration must suffice.
find that
expenses, we
expenditures for The road in 1905 carried 562,527,979 tons more of
the
of
way and structures were $1,- freight one mile than in 1904, the increase being almost
maintenance
heavier
for
1905 than for 1904, and 12%. But the trains did this additional work by run087,641
that
expenditures for maintenance of ning only 448,807 more miles, an increase of but 6%.
similarly
equipment were $604,715 heavier. The report tells us The result was another noteworthy addition to the
that almost the entire amount of the increase under the train-load, bringing the average number of tons of
head of maintenance of way and structures was "due freight (including company freight) carried per train
to expenditures during the year 1905 for relaying mile up to the remarkably high average of 654 tons.
271.95 miles of road with new and heavier rails, prin- Nothing could indicate more plainly than this the
cipally 100 lbs. to the yard, and to renewing cross-ties all-around advantage which attends such a broad and
for 333.86 miles of road." Consider what an extensive far-sighted policy as that pursued in the Lake Shore
amount of work this represents entirely independent case.
—
of the specific charge of $3,743,020 for
new
construc-
and the further charge of $3,360,773 for new
equipment. Similarly, in speaking with reference to
an increase of $394,894 for renewals of equipment, it
is stated that "this account included heavy expenditures to bring the equipment to a higher standard during the year through the replacement of old and lightcapacity engines and cars by new locomotives and cars
JUSTICE GAY NOR AND PROPERTY IN
PUBLIC FRANCHISES.
tion
We
are surprised that so
public
pressed and in correction and refutation of the many
misleading and erroneous statements made by Justice
Gaynor
by him at New Romonth. Leaving entirely
in the address delivered
Sunday
chelle the first
of greater capacity."
little has appeared in the
reprobation of the sentiments ex-
prints in
of this
the out of consideration the question of the propriety of a
items in the expense accounts of an exceptional na- judge heatedly discussing questions on some phase of
ture, it would be found that the total for the twelve which he may at any moment be called upon to pass
therefore,
If,
we should attempt
to eliminate
all
months approached nearer 9 million dollars than 7 mil- in his judicial capacity, the doctrines enunciated by
But taking simply the $7,103,793 spent him on the occasion referred to were startling in the
lion dollars.
for new construction and equipment, this is equal to extreme.
A good clue to the nature of his remarks is found in
14.2% on the company's capital stock. In other
the
following declaration, which appears near the openonly
shareholders
words, while
8% was distributed to
ing
of the address:
"The intelligent people of this
in the shape of dividends, the equivalent of 14.2% was
applied out of earnings for adding to the capacity of country are finally making up their minds that they
plant and equipment; even then a surplus of $510,645
will
no longer
(equal to a little over 1% on the stock) remained on
the operations of the twelve months, to be applied in chises
or
much
of
in the
country are so situated
such a condition to be created
abuse of the public francountry, under which our public
suffer
by
the
the
and they are prepared
and public officials who
even resume such franchises, take them back,
service
the same way.
Of course, few roads
fostered
corporations
to elect legislatures
exist,
and
courts
as to be able to carry the policy to the length done in
will
the Lake Shore case, but in lesser degree practically
unless such abuses are stopped."
sentence are our own.
every system in the United States of any consequence
Improved tion with which reference
is being managed in much the same way.
earnings are used only to a small extent to enhance the
income
of the shareholders.
The bulk
of the gains are
applied so as to bring benefits to the patrons of the
— to shippers and travelers.
idea
of
officials
the
at
election
the
The
italics in this
Observe the evident
is
of
behests
made
not only to the
and
public
unreasoning
public
legislators
of
clamor, but also of the courts. It
satisfac-
is
well
known
that
all
acts of public franchise corporations which
do not suit
though
they
legal
popular
desire,
even
be
and enthe
cheapen
of
income
is
referred to
to
large appropriations
the
sensational
press
the cost of the service to the public in a double way: tirely fair, are characterized by
first, in rendering it possible, through the bringing of and those to which it caters as "abuse." In effect, the
road
The purpose
of the
the property to a higher standard of efficiency, to
handle the
traffic
more economically and
less
expen-
language encourages this element in society in
tude of unjustifiable hostility
its atti-
and suggests the elect ion of
THE CHRONICLE.
724
who
be permeated with the same notions
decide things according to the right
[Vol. lxxxu.
"But here
wne have a piece of financing at the pubexpense for the benefit of a few private individuals
the like of which is not to be found in the whole world.
and wrong of the matter, without fear or prejudice,
And it was all done in .strict accordance with statute
but judges who will make thelf decisions accord with law.
What is its history? Why, it is very
public prejudice and public clamor. In other words, brief. The building of the tunnel and the track cost
the electors at the polls would decide questions of law $35,000,(XJ0.
Some think a coterie of private persons
and equity and the judges \vx)uld simply register their or bankers produced the money. Why, not so much as
one dollar. The City of New York paid every dollar
decrees.
of it.
Jiut the day the work was completed and everyThe expression we have quoted is not an isolated thing was ready
for the trains, did the city own it? Was
one of its kind. The address overflows with similar it the city's to lease to the highest bidder or operate it
statements and declarations. Gas companies and itself if it saw fit? Not at all; it belonged to the constreet railways are particularly the subject of his en- tractor who built it for the city with the city's money
for a term of 50 years, with the right of renewal for 25
mity. It is not that he condemns illegal things and
years more. That means forever, for all practical putasks that remedies be found for bringing the offenders
poses, for the tunnel will be obsolete in 75 years.
If it
On the contrary, he does not hesitate to be then of any further use it will have to be rebuilt.
to book.
say that the things which^meet with his condemnation But some say it is only for 75 years, as though they wei^e
Here is a good saying 75 days. Think of the changes that will take
are in entire conformity to the law.
specimen of his remarks. The extract deals with the place here in 75 years. Even a child born to-day will
not be alive then. And what does the city get ? Why,
Brooklyn City Railroad. We quote from the report it borrowed the money at from 3 to
33^% and the comof the address given in the "Brooklyn Daily Eagle": pany that has got the tunnel has to pay that interest
The contract provides that in addi"Over in Brooklyn the case is the same. The great back.
tion to paying the said interest on the city's bonds the
Brooklyn City Railroad Company has leased its system
judjies
not judges
shall
who
will
lic
.
.
.
to the Brooklyn Heights Company for 999 years, the
lessee to pay it an annual dividend of 10% on its $12,000,000 of stock and pay the interest on its equal
amount of bonds. So all that the directors of this great
company have to do is to meet once a year, receive the
check for this 10% dividend, pay it out, and adjourn
It has gone out of the railroad busifor another year.
ness does nothing but collect this big dividend How
long is it to be supposed the public is going to put up
with that? For 999 years? No, nor for nine years,
—
.
maybe. What must be the mental and moral condition
of the people into whose heads it could lodge that an
intelligent and educated people would put up with such
a thing for 999 years
letter of the law, to
?
It is all in accordance with the
be sure; but such laws are not to be
eternal, to say the least."
if
How
long
the
ideas
could
here
admits that the
property rights be maintained
advocated were carried out? He
lease
strength of this lease,
'is
a
legal
made with
On
one.
the
the sanction of the
law, investors large and small have bought this stock
for the
income which
it
yields.
Judge Gaynor would
disregard these legal rights, these investors, tear
lease, destroy the
property of the investor
him without remedy and perchance
up the
— leaving
penniless.
He
at
the same time seeks to convey the impression that the
company which controls this lease and pays the dividends under it, namely the Brooklyn Rapid Transit
Co., has had a very prosperous existence. As a matter
of fact the Rapid Transit Co. has never paid a dividend
putting $3,000,000 to $5,000,000 of new capital
iito the property a year in order to protect the original
and
.
.
contractor shall also pay the pitiful sum of 1% yearly
on the cost to the city, viz., on the same $35,000,000,
which is $350,000, and which makes 4 to 43^% interest in all to the city, which is nothing but moderate
interest on its money.
Those who have the tunnel
incurred no expense whatever except the putting in
of the power and the rolling stock, and I think most
of us know that that cannot be very large.
Yet
they have their company already capitalized at
$35,000,000, which, by a striking coincidence, is the
amount the city, not they, put into the work.
We all know without being told by great finartciets
or public officials that
1% will equal and pay
off the principal in 100 years.
But these financiers
and officials told us more, namely that if the city will
just invest that 1% and invest and compound the
interest on it, that in that way the principal will
be paid in 60 years or something like that. Just think
of that; not only that 1%, but an}^ interest we can make
on it must go to the credit of these financiers as payment
for the cost of making the tunnel. And yet there are
some good people who gravely say to you, 'Wh}-, the
$35,000,000 is to be paid back by the capitalists who
took the tunnel off the city's hands,' and other good
people do not yet know that the city paid the money to
build the tunnel and say, 'Why should not Mr. Banker
So-and-So, who stepped in and risked his capital in
building the tunnel, be allowed to have the tunnel and
make a good thing out of it?' They do not yet know
that no individual put up or risked a dollar, that the
tunnel was built of the city's money wholly
And yet this business was done by 'leading' citizens,
'misleading' citizens some prefer
as they are called
.
.
—
to call
them."
is
Nor is any mention made of the fact
that the Rapid Transit Company is a reorganization of the old Long Island Traction Co., that in
the reorganization the stock was cut down $10,000,000, and furthermore that the Long Island Traction shareholders were obliged to pay an assessment of
investment.
It will befnoticed we ai*e told the company pUt
no capital of its own into the enterprise, that the
cost of power and rolling stock could not have been
very much, that "no individual put up or risked a dol-
lar."
What
ascertained
are the facts?
them
Gaynor could have
he had been so minded
Justice
for himself
if
Indeed, explicit figures were appearing in the newspa-
$10 a share. Obviously it would not have answered pers regarding the matter at the very time that he
to have said anything about capital contraction and must have been preparing his address, and he can
capital assessment, when the whole address was de- hardly have failed to see them. Under date of Feb. 15,
voted to holding up to detestation capital inflation
and dividend
returns.
In speaking with reference to the Subway in this city,
he made some statements that were not only positively misleading
President AugUst Belmont addressed a letter to the
correcting misstatements that had
New York "World,"
appeared respecting the cost of equipping the Sub Wa}-.
This letter subsequently appeared in other papers,
but entirely out of alignment with and Mr. Belmont also elaborated the facts contained
therein in newspaper interviews.
Extracts from the
truth. Take the following, for example.
Mar. 31
THE
i9bb.
eMao^ffi'ts.
ahd from the intervifeVs wfete printfed ill our rail- Mr. McDonald's efforts tb obtain financial assl§tailcfe
Way news dfepartment on Feb. 24, page 452. Instead ffbm the surety cbmpanies failed. AlthbUgh the plans
of the e'4ulprnent having c'dst little, Mr. Belrifibrit states had been pronounced feasible, capitalists wei^e tirtiid
that the cost has exceeded $23,000,000, against about investing. This was diie, w'e are told in the bdbk
kiahd, and the aiiiourit still to be paid will teferted tb, not iso ihUch to thfe niagnitude bf thfe stiiti
vouchers
carry the total lip tb nearly 25 hiillidh dollars. The needed to build the rOad as to feelings of urieert^iilty
amount refers only to the equipment of thfe Subway. in regard to its earning power when completed, thfe
Furthermore, there will be an addition of $1,000,000 Scheme was regarded as a colossal experitnent. A fe^^
to |2i000,0C)0 rfiore on account of tke Brooklyn ex- days before the expiration of the liinit bf time, Mf.
tension of the tdnhel. It is hence obvious that if the McDonald sought the assistance of AugUst Betmorit^
city itself had undeHakfen to operate the tunnfel, as \vhich was given, and the ehterptise saved frOm failure.
this i^ the ai-rangerherit ^hibh is ribU' beihg d^urged by Justice G^ynor, it would^hayie hM tb spend
sortie 25 tb 27 millibn dollars additiohal. Ahd this rep- holihced by JUstice Gayhor, who tells liS with k
iijsehts money invested by the cotnpany in this iteih sttarige disregard of the fa,cts, that there were nb
lettfer
iiEi
with
Cdnnectesd
wh^tevei-
the
vehture.
Thfe
alone, not to spfeak bf othei- investinerits that the Inter-
risks
bbroUgh Cbinpany Has riiad^.
We have Here a fact Which
dembhstrate that tbfe risks
ihvblved were regarded as very grave. Moreover, the
City secured surprisihgly ^ood terfns. The interest bh
the bbhds issued by it for the cbristi-uctibh bf the Subtvay, hbw amoiinting to abbUt 38 thiilibh dbllat^,
is repaid by the Interborough Cbinpahy as it falls due,
by those who urge
circlithstahCes jiist rial-rflted
\i
constantly overlooked
city opbratibn of the Siibways
— that
the cost bf biiildihg the tunnel or Sub\^ay forms only
that b^sidieS this bHgihal
diie elfehient in this tbt^l cbst,
btitlay the bity wbiild have to hiakfe furtheh large out-
Interborough Corh|3any has, for pbwer,
lays, just as the
and
cbmpany
in additibn the
bbligated tb begin the
is
i%
kddifibilal edch ygar
towards the sinking fund for the amortization bf the
Justice Gilyhbr would have the public bbnds issiled fbr cbnstrUction. At Ihe end of fifty years
bf the rbad.
believe that thbse who put their money into the Ihter- therefore, the city will have all its butlay reimbursed
borbiigh Company iricurred no risk whatever. lii truth to it, principal and interest. Fufthfei^mbre, iii tli^ iftOf coursfe the Subway is how tetval of Construction, as -v^e have already seen, every
th6y ran very great risks
ah assured success and earning profitable returns for precaution was takeh tb prbtefct the city's interests.
pbwet-kouses, sub-stations, cars, and the vatious other
abcoutrements and
appliatiijigs
pa;yrrierit
out bf
its ^ai-nin^s bf
neteded in the operation
.
thbse
who pht
§lidh Slicces§
money
thieir
into the enterprise; but
was by ho means regarded
as a foregone
the tunnel was tb be a
cohclusion at the time the venture was begun. Indeed, for
even after bids for the cbnst ruction of the Subway had
bfeen i-eceived, there '\^as seribiis doubt aS tb Whether
tHe riecfessairy fihahcial backing fbr thfe Scheihe could
fee foiihd. And if Mr. August Belihoht had not stepped
ih and cbme to the rescue of John B. McDonald, the
cbritractdr, it is open to questibn if the Subway would
feven yet be an aecbmplished fact.
No ohei fean have
ibl''g6'tteh with what rejoicing the rifews xva^ received
that the project for an underground road, which had
b^eil ^itdted for so Ibhg, was dl \Mi toBe t'stti-ied oiit.
fhfe ilieri tVho
are
hbw
called "rnislfeading eitize'fts"
then held up to exaltatibn.
A Rapid Transit Cbrhmissibh
Xt^as
i^ 1875.
It wdis ilbt iihiil Jan. 15
i-ec6ivied
for the Stibway
,
arid
wfei'e
a|5pbihfed as early
19W
thAt bids wefe
the latter WAS opened
be noted that when
It is alsb to
its
it
became
certain that
were bpened
arid bids
sticce'ss
extension tb Brooklyn, tHe
succeeded
citj'
iri
more advarita^eous terms. The muniwill
have
to iSsue only $^,o(}b,DO0 bf it^
cipality
bbrids fbr the tunnel under the tivfer tb Atlantic Av^.,
obtaining
still
bM
whereas the estimated cost is clbfee to .^I().o60,o60.
With the opening of this extensibri, inbreover, passenwill
gei-s
Hall
CEirried tb the C^ity
be
iri
Btooklyh
Long Islahd RR. Statibn (at Flatbush
without the payment of any extra fare.
the
arid
Avfe.)
seems surprising that artarigemerits So geriefally
trailing p'ublic Ss
harshly
^shbuld
be
criticized, Sirilp'ly
Sb
well as the ciif
bebiluse those who were willing to pht their iribhey At
It
favbrdfele ib all iriterest§^6' th^
—
now be
risk should
ffe'sult
makirig pt-blitable
does not
lerid digriity tb tHfe J^erich tb'
With very elaborate cerehibni^s on Oct. 27 1^)^(14. Tfiere Court judge join
dhlf one bthfer bid besides that of Mr. McDonald.
rfetiirns
kM
of their ^Jiith arid tbi^fesight.
M^e
as thfe
CfeHainfy
it
a Silpt^rii'e
the crusade.
in
Ms
the yefy artistic ahd compreKen^vfe book entitled
Iri
"Rapid transit
in
J^ew York City ahd dthei- Grfeat
Cities," prepared fbr the
Spfecial
cdmniittee
iri
Chamber
bf
Cbmmerfce by a
re'cbgtiitibn b^ Services of
bf the C!haniber 6h. the
Rapid TtdhMt
AG-RICULTURAL INSTRUCTION BY RAILROADS.
members
Corriiriissibh
,
an
W^
Sevetal years Jlgb
wbrlc
iri
by
^aVfe
certairi railrgads
^dfifie
RcCbiirit of }3ibh^^r
penetrating
territot^,
rievt
dUditibh tb the bblbttizing Work which
^britfe
Siib'h
be surmounted after bids had actually been received.
rbadS have for hiahy years carried oh with an energy, a
sySteiri and a well-directed fbreSight of which the geri-
EVeh
Oiltlihe is
fhrhished bf the difficulties that
Still
had
tb
etal public
ptbbably Rat6
bid had been accepted,
We
bri^ sigrtTficarit stdfy told b5^ a
the
ag^rit, KoSS', Vpheh
McDohJlid had befeh Hotified that his
it wdfe by hb riifeahS certairi that
wotild be fe:*(ecuted by him. He was re-
^fter Mr.
cbritrflct
quired to furnish a continuing bond for the payment
bt i^ht, &c., ih the
Sum
of !|l,()00,00d,
ahd
at the
Sarne time to deposit with the Cbnipttbller securities
ttf
the value of $1,000,000, Which were ultimately to
be substituted
for the
bond
bdhd
the bid was accepted by the
A
cbii-
iristructibn
he
of $5,000,000
W^S
jllso
required.
bhl}^ a
and, havihg
%l;y slight kiibwledgfe.
"publicity"
eritel-ed UJibri his diitiefe
he i-bccived was tb
Six rilbhths lirid Ibbk
dUt of
tlie
ti-avcl
ovet
the
fitst
thti liiie
baf WiiitimV;
hfe
did
fbr
thife,
bye find the fb'ady pb^Ver bf dfeiH^ bblidvbd tb have, hb noted hb'W
ttie ?!eeirig
ductioh whicli
one producing
lib
j)lant
Wh^ri pbiht
city, ho prhvisioh had b'e(>ri to be ari advanc(£<
for the capital nece^'Sary to execute the contract
prbved tb be. Iri
structibn
hiatde
of that ahibiiht.
rl^ball
arid aribthdi-'
might be successfully
«Ae ki
Kgbtil
set Ujo at this
^rib'tllbf- fibhlt; lib \VKfe
of dPVt^lh'pnieht
soriib scctidhs i-bads
.
ttieant
idid SM
have
titted
He
Up
THE CHRONICLE.
726
which stopped at intervals, gave
making good roads, and when
they moved on left behind a sample of such road, to
serve as a permanent object lesson and a lump of leaven.
Other cases of pioneer work included a careful study of
what new crops might probably be grown to advantage in each section, this practical assistance to the
farmer being furnished without charge and pleasantly, because of the obvious interest of the company
in development along its line.
This is recalled to mind by an account in the "Rail-
road-making
trains,
practical instruction in
[Vol. lxxxu.
They prove anew
—
what one would be amazed (if he
had no experience in popular delusions) to find could
ever be doubted by any person of ordinary intelligence
that there is a community of interest between railroad and the people, arising in the fundamental fac4;
that both desire to live and each is necessary to the life
—
of the other.
RIGHT OF A BROKER TO SELL A CUSTOMER'S
STOCK WITHOUT NOTICE.
bring the benefits of the agricultural colleges to the
Inquiries have come to us concerning the purport
and bearing of the decision handed down by the
Court of Appeals of this State last month, holding
that a sale by a broker of stock held for a customer
without notice of the time and place of sale constitutes
a conversion, and renders the broker liable to the
customer for any damages sustained by the latter.
The question which arises is whether this decision is
farmer who cannot attend, or
likely to interfere
way Age"
of a further step in the
tain roads
— among
same
direction.
Cer-
them the Chicago Burlington &
Quincy, the St. Paul, the Illinois Central, the Great
Northern, the Canadian Pacific, the Northern Pacific
and the Union Pacific have taken up an extended
—
employment
of lecture trains
by means
is
which to
of
not yet sufficiently
in-
with the prevailing practice of selling
fails to put up the requi-
terested to desire to attend, these agricultural colleges.
out stock where the customer
The
site
margin to protect it as the market price goes down.
show that there were special
where a wide region is
features and circumstances connected with the suit
an effort is to be made to interest the farmer in others, in which the present decision has been obtained, and
so as to avoid exhaustion of the soil and complete fail- furthermore that the decision itself contains qualifychief topics covered are selection of the best seeds,
some cases, also,
mostly given up to one product,
crop rotation and care of the
soil; in
ure of yield in some year when climatic conditions
be unfavorable to the one present crop.
The roads make up
may
lecture trains of four or five cars,
A
recital of the facts will
ing clauses that divest
It
it
of
much
of its significance.
appears that on April 21 1900 a certain firm of
brokers, the plaintiffs in the present action, bought
including a sleeper; a projection lantern at one end
stocks for a customer without requiring the advance
and the speakers are from by him of any margin. After having carried the stock
the State agricultural college. So that no time need for him in this way for several months they requested
be wasted, the coming of the train is well announced him to receive the same and pay the purchase price
The
in advance; the train is side-tracked at suitable points, thereof, together with the firm's commissions.
and at intermediate points some roads pick up the customer did not comply with this request, and acfarmers and take them to the scene and return free. cordingly, under date of Aug. 8 1900, the brokerage
At first the farmers did not take kindly to the idea, and firm sent him a letter containing this statement:
much talking was done in nearly empty cars; but now "Inasmuch as the stock has not yet been sold we
the thing has won attention and goodwill, and already wish to give you a further opportunity to take it up
an increased attendance in the agricultural colleges is or to supply us with sufficient margin to carry it if
you so desire. If, however, you do not make suitable
noticed.
It is also announced that a farmers' institute on arrangements in this respect before Monday next
wheels will start on Wednesday next from Mt Hermon (Aug. 13), we shall sell this stock for your account
Mass., over the Boston & Maine, and run to Haverhill; and hold you responsible for the loss." The required
as respects Massachusetts, the State agricultural col- margin not having been furnished, accordingly on
lege is chiefly engaged, but the train is to go through Aug. 13 1900 the stocks were sold by the brokerage
New Hampshire and Vermont, equipped there by the firm on the "curb." The sale resulted in a loss with
experiment stations and allied agricultural organiza- which the firm undertook to charge the customer in
the present action. The trial judge ruled that the
tions.
How suggestive this is need not be argued "at length. amount of the broker's recovery was not to be reduced
We have often pointed out what ought to be too obvi- by reason of any irregularity in the notice of sale or
ous for anybody to fail to perceive it that the notion by any irregularity in the sale itself. To this ruling
makes
a lecture hall of a car,
,
.
—
—
of a railroad as a devouring monster is of the nightmare sort; for however a road may commit incidental
wrongs upon individuals, and however bad it might
desire to be, if the country which it served did not
the defendant excepted; he also excepted to the ruling
The people as a
it would die of starvation.
whole must thrive, or the road is doomed. Yet, while
regulation and ratemaking by some outside commission continues to occupy most of the time of Congress,
the railroads are pushing on new building into territory still without sufficient service, and working in
such ways as narrated above for developing the resources of the country and increasing agricultural pro-
This judgment was unanimously aflirmed on June 20
1904 by the Appellate Division of the Supreme Court
thrive,
of the
Court on another point which
to the
main question
covered a verdict for
in
the
First
however,
now
is
not material
The brokers rethe whole amount claimed.
at issue here.
Department.
reverses the
The Court
of
Appeals,
judgment and has ordered
new trial.
The opinion of the Court of Appeals was written
by Judge Willard Bartlett. He reasons that although
the brokers advanced the whole of the amount necesa
sary to purchase the securities instead of only a perboth in the centage thereof (which has come to be commonly
conditions which make it possible and in the ingenuity known as a margin) the relation between them and
and enterprise which are directed to those conditions. their customer was that of pledgees and pledgor in
ductiveness.
All this
is
characteristically American,
—
Mar. 31
THE CHRONICLE.
1906.1
Markham vs. Joudon (41 N. Y. 235)
Drake (66 N. Y,518), and many other
cases in this State based upon speculative stock transUnder the contract, arising by operation
actions.
of law, out of the relation between the parties, a sale
of the stock by the brokers, without notice of the time
and place of sale, constituted a conversion, in the
absence of an agreement dispensing with such notice
797
accordance with
by brokers without notice
and Baker
sale constitutes conversion only
vs.
or providing for otherwise disposing of the pledged
No stipulation of the kind existed in the
property.
This being so, the Court con-
case under review.
siders
the brokers'
notification
intention to
of
sell
agreement dispensing with
of the
such
the
other words,
is
required
a
is
an
providing
or
pledged property .^^
of
that
the absence of
notice
for othervoise disposing
all
time and place of
"m
In
stipulation
agreement between broker and customer disObviously such a stipupensing with the notice.
lation can be readily insisted upon.
or
ITEMS ABOUT BANKS, BANKERS AND TRUST
— The
public sales of
bank stocks
CO.'S
week aggregate
at the Stock Ex-
this
443 shares, of which 398 shares were sold
Aug. 8 1900 de- change and 45 shares at auction. An offering of 5 shares
Trust Co. stock, which had not been dealt in
"It contained no statement of Guardian
fective and insufficient.
since May 1903, brought 2253^, and was the only transaction
of the time when it was proposed to offer the stock
A small lot of stock of
reported in this class of securities.
for sale, nor any intimation whatever as to the place the Nineteenth Ward Bank was sold at 310
an advance of
The language was suchj 65 J^ points over the price paid at the last previous public
at which it would be sold.
it is true, as to convey the idea that no sale would be sale, made in January 1905.
High. Close. Last previous sale.
attempted before the following Monday, but there Shares. BANKS New York. Low.
180
March 1906— 189
186
x373 Commerce, Nat. Bank of 180
was no other indication in reference to time. It was a:25 Fourth National Bank -_ 217 217 217 March 1906— 215}^
190.5— 245}^
Jan.
310
310
5 Nineteenth Ward Bank, 310
impossible to gather from the terms of the notice
167
40 Northern Nat. Bank
167J4 167J^i March 1906— 166
whether the sale would take place on Monday, or a
TRUST COMPANY— A^cto York.
5 Guardian Trust Co
225H 225 Ji 225H May 1903— 200
week or a month thereafter, or on any day in the
As to the proposed place of sale, X Sold at the Stock Exchange.
intervening period.
the stock as
per
their
letter
of
—
the notice does not contain a scintilla of information.
It requires
to lead to the conclusion that
entitled to
— A New York Stock Exchange membership was reported
only the most cursory reading of the letter transferred
any notice
if
the defendant was
at all of the time
and place
of
the sale of the stocks which the plaintiffs were carrying
last
week
for $86,000.
— Before the House Committee on Inter-State and
Foreign
at Washington, a hearing was this week given
to arguments presented by representatives of the American
Bankers' Association in favor of the adoption of the pending
Commerce
him, such notice was not furnished by that letter." measure providing for a uniform formula relating to order
had been contended that the customer was not bills of lading. One of the speakers addressing the Committee
entitled in this instance to any notice of sale whatever, was William Ingle, Cashier of the Merchants' National Bank
for
It
because by his answer and upon the
trial
he had taken
the position that the stocks were purchased under an
who discussed at considerable length the advantages to be derived under the proposed system, and
pointed out the difficulties growing out of the existing
methods. It is said that at present the sentiment of many
House members is against the proposed bill.
of Baltimore,
arrangement whereby the brokers were bound to sell
them for his account, after carrying them a few days,
when instructed to do so; that the purchaser ordered
The trustees of the United States Trust Company of
them to be sold within three days, and that the brokers this city held a special meeting on Thursday when the
last week
neglected to comply with the order, by reason of several resignations referred to in this department
were acted upon. William M. Kingsley was chosen to sucwhich fact he sustained damage in the amount of
ceed James S. Clark, who retires as Second Vice-President,
S525. 5^The jury found against him on this claim, but and the resignation of Lyman J. Gage as President was acJudge Bartlett says that there is nothing in this cepted, to take effect when the new nominee, E. W. Sheldon,
—
which precludes the customer from insisting that if
the brokers were carrying the stocks for him under
his agreement to pay for them when required, as the
brokers asserted was the fact, they could not lawfully
sell the stock without notice.
The sale on the "curb"
being, according to this reasoning, without notice, is
Furthermore, it is
held to have been a conversion.
declared that the trial judge, in holding as he did in
qualifies for election.
company
for nearly
Henry L. Thornell, Secretary of the
twenty-five years, has also tendered
The latter 's action is said to be in accordance with his determination, previously announced,
not to remain connected with the institution in the event of
the vacancies being filled without regard to his long time
service and connection with the company.
his resignation.
—
—
John W. Gates has become a director of the National
Bank of North America of this city.
The Real Estate Trust Company, at 30 Nassau Street,
substance that the sale as made was not a conversion,
this city, is to change its name on May 1 to the Fulton Trust
took the question of the customer's damages by reason
Company. The change is made because of the fact that the
an error present name conveys a wrong impression as to the nature
of the conversion out of the case altogether
demanding a reversal of the judgment and a new trial. of the company's business, which in no way embraces real
We do not see that there is anything in this decision estate trading, the institution being devoted to a banking
or in the opinion on which it is based that need dis- and trust business.
—John W. Platten, a Vice-President of tiie United States
concert brokers in any way. It will be observed that
Mortgage & Trust Co. of this city, has been elected a member
the weakness or flaw in the case under consideration
Samuel S. Campbell, Cashier of
of its board of directors.
was the fact that the notice of intention to sell was the Merchants' National Bank, has been elected a Vicenot definite enough to meet legal requirements.
President of the trust comi)any to fill the vacancy caused by
—
Obviously,
if
a like
defect
arrangements, the objections
exists
of
in
the
other similar the resignation la.st year of (Mark Williams, and
Court can be has been chosen Assistant Secretary.
S.
B. Coit
—To mark the completion of the first half century of the
overcome by making the notice to the cusBoston Clearing House, Manager Charles A. Rugglcs has
tomer, as respects language and phraseology, such
issued a circular giving extracts from the records, incidents,
that it will not be open to the criticism urged in
The
facts and figures in the history of the association.
the present case. Furthermore, it will be noticed Clearing House opened on March 29 1856 with Henry B.
that the Court distinctly holds that a sale of stock Groves as Manager. It hns always been located on State
easily
T«p eSlQI^IOM,
>"^
present location, No. 84.
been the Manager .since April 9 1900.
and thereafter
^rears,
Ruggle.s ha.s
— The
at
its
Mr.
providing for a single Saving.^ Bank Commissioner in Mas.sachusctts, instead of the board of three mrmb.crs as at present, wa$ passed this week by both branches
oi the Legislature, attcl subsequently signed by the G<)verflor.
Pierre Jay, Vicg-Pre-sident of the Old Colony Tra-jt Company
of Boston, has accepted the Couiniissionership offered him
bj' the Governor, and will sever his relations with the trust
companj' to enter upon his new duties next mouth. Clarence
\,
bill
chpsen IjJepyty Qqiuioissippei: and, AnM. Dorr as Chief Examiner.
!^v,ans; hats bepij
dre-vy
—rThe
privileges of the
New York
Clearing House have
tp, tl^e Van No,rden Trust Cpmpajiy, whose
on and after April 2, be payable thrpugh the
As is known, the Clearing House AssociaClearing Jiouse.
tion imposes rigorous conditions upon baJiks and trust comA bank or
pjinieg whose checks are payable through it.
h^GD. extendeijlj
•checJfS will,
company applying
must, through its
board of directors pass a resolution agreeing to comply with
An examiall the rules of the Clearing House A.ssociation
nation of the applicant institution is made by a bank which is
already a member of the Association and another examination is ma4? by the Assopiation's Committee on Admissions.
If any weakness is disclosed by this examination, the applicant is refused admission. If the report of the examining
bank and the Committee on Admi.ssions is favorable, the
proposition to admit the institution is referred for approval to
the Clearing House Committee.
With its admis.'^ion to the privileges of the Clearing House,
the Van Norden Trust Company must, under the present
rule, maintain a cash reserve in its vaults of not less than 10^,
of its deposits. The trust company must also make a weekly
statement to Mr. Sherer, Manager of the Clearing House,
showing the capital, surplus and undivided profits; average
amount of loans, bills purchased and investments (not real
estate); average amount of specie, average amount of legal
tender notes and bank notes, average amount on deposit with
other New York City banks and trust companies and
average amount of deposits.
ti;u^t
for uiembership
,
.
,
fYpL.
?^X53L|l,
hoiders on that day havinig formally approved tiie aclio^i of
the directors for the t^rao-sfer of the bank's business tq l^he
Union Trust Company of Springfield.
—Samuel
H. Ashbridge, President of the Tradesmen's
home in that city
He
Mr. Ashbridge was born in 1849.
filled several pubUe offices, iijicluding that of M>ayor of PhilaThi$ post he held
delphia, to which he was elected in 1899.
for four years, and upon the conclu.sion of his term in 1903
became President of the trust company.
Trust
Company
on the 24th
of Philadel|)hia. died at his
inst.
— The directors of the
National
Bank
of
Germantown, at
Philadelphia, have appointed Walter Williams Cashier, to
succeed Romaine Keyser,
who
resigned on account of
ill
health.
— The
officers
tion Trust
chosen for the lately organized
Company
Wayne
of Philadelphia are: President,
JuncGeorge
G. Gandy; Vice-Pre.'^ident, James A. Hay and Henrj' T.
Schneider, and Secretary and Treasurer, John C. Frankland.
The
directors include Charles B. Wilson, E. Stanley Perkins,
Miller, John E. Fricke, Frank D. WiUiams,
Joseph H. Fisher, Thomas F. Armstrong, Howard L. Bowser, V. 0. Lawrence, S. C. Seiple, Walter H. Lippincott,
Horace G. Van Court, John. P. Mac Bean and William Ma.n-
Charles A.
derson.
— Six arrests
growing out of the failure last October of the
Bank of Allegheny were made this week.
Four of those involved were employees of the bank. The
Enterprise National
charges against the clerks,
the
making
of false entries.
it is
stated, are conspiracy
and
was furnished by
the
Bail
all
defendants.
—
The Monongahela National Bank of Pittsburgh has
come into possession of the corners at Liberty and Sixth Avenues and Liberty Ave. and Wood St., making it thus the
owner of the entire triangular plot bounded by Liberty Ave.
Wood St. and Sixth Ave. The central portion of the plot
had previously been owned and occupied by the bank, and
the portions at either end, acquired last week, were purchased
at a cost of $300,000.
The site is ultimately to be improved
with a "skyscraper," the entire
used by the bank.
first floor of
which
will
be
—
The Comptroller of the Currency has approved the apphand Monroe banks of cation to convert the
People's Bank of Scranton, Pa., into a
this city on Monday ratified the plan for the merger of their
national institution, under the name of the People's National
institutions.
The Jefferson Bank, which lately increased Bank. An
item regarding this change to the Federal system
its capital from $400,000 to $500,000, will formally take
appeared in our paper of Feb. 3. It seems, however, that
over the business of the Monroe Bank on Monday next.
the capital is to be increased from $100,000 to $200,000, and
The Mechanics' Bank of Brooklyn Borough will open its not to $500,000, as we understood had been planned.
fifth branch in that borough in May at 1365 Broadway, near
—George P. Brock, formerly Cashier of the Doylestown
Gates Ave. The four branches already in operation are the
National Bank of Doylestown, Pa., was last week convicted
Central Branch, on Fourth Ave. near Atlantic; the Fifth
in the United States District Court at Philadelphia of wilful
Avenue Branch, at Fifth Ave. and Ninth St., the Schermermisapplication of the bank's funds.
Pending an appeal,
horn Branch, on Schermerhorn St. near Flatbush Ave., and
the defendant has been released under bail of $10,000.
The
the Twenty-sixth Ward Branch, at Atlantic and Georgia
bank suspended in July 1903, but resumed the following
avenues.
October, after an assessment of $220,000 upon the stock-T-The dividend declared by. tjie National Newark Banking hpldfsrs.
Company of Newark, N. J., for the April quarter is 4%,
— The stockholders
of the Jefferson
—
instead of
3%,
—-The directors of the Mississippi Valley Trust Company of
as heretofore.
have elected Charles M. Polk Assistant Trust OfWheeler, Receiver of the German Bank of ficer. Mr. Polk
has been a member of the law firm of ForBuffalo, has instituted two suits to recover from the directors
dyce & Polk. He will take up the duties of his new office
the sum of $752,870. A similar suit brought .some time ago next week.
was demurred to by the defendants, who claimed that the
The Mercantile Trust Company of St. Louis is to concauses of action were improperly joined. These demurrers
struct a nine-story annex to its building at a cost of $100 ,000^
were su.stained by Justice Kenefick, and it was then stated
The first three floors will be for the accomn^odation of the
that new actions would be started in which several of the
vaults of the Missouri Safe Deposit Company, purchased
defendants would be sued separately. The present suits are
The new section
several months ago by the trust comps^ny.
the result.
A third dividend, for 16 2-3%, was recently dewill be ready for occupancy in about seven months.
clared in favor of the depositors of the bank.
The two diviA. O. Wilson has resigned as National Bank Examiner
dends previously paid were for 25% each, so that thus far the
Louis to take the office of Second Vice-President of the
St.
at
depositors have received 66 2-3%.
State National Bank of St. Louis, to which he has been
The directors of the Citizens' Trust Company of Utica.
elected.
N. Y. have elected Frank H. Doolittle Secretary to succeed
-T-.The new building erected; by the, National Bank of Sathe late Edward Bushinger.
at Savannah, Ga., has. been completed, and th^
vapnah,
The proposition to increase the capital of the New Haven
Trust Company of New Haven, Conn., from $100,000 to bank is now housed in its^ commodious new quarters. The
^00,000 will be considered l?y the stockholders at a special Ogelthorpe Savings & Trust Company, which is affiliated
The new stock will be disposed of at with the bank, also has its offices in the building.
tmeeting on April 10.
:*125 per $100 share.
The Provident Savings Bank of Richmond, Va., ha.,3
The John Hancock National Bank of Springfield, Mass., been merged in the Southern Interstate Bank, an institution
was placed in voluntary liquidation on Wednesday, its stock- recently chartered. The absorbed bank had a paid-in capitali
— Albert
St. Loujs
J.
—
—
—
,
—
—
—
—
Mar. 31
.
THE CHRONICLE.
1906.]
an authorized capital of $975,being offered by advertisement in the
newspapers at its par value $1 00 per share. A. Galeski is
President, I5ii:a,m T. G&tes Vice-President and W. Gray
of $50,000.
000.
Its successor has
The stock
is
—
Wattson Cashier.
Tennessee Trust Company and the Union & PlantBank of Memphis, Tenn., will be merged on May 1 into
a company to be known as the Union & Planters Bank
The new institution will have a paid-up capital
<& Trust Co.
—The
ers
739
convention of the Association will be held at
Tacoma on
June 21, 22 and 23. At a meeting of the Tacoma ClearingHouse Association on the 8th inst. a committee was appointed to make the necessary arrangements for the convention, and preparations for the event are already under
way. A number of prominent Eastern bankers, it is said,
have promised to be present and deliver short addresses on
timely topics.
— The
Old National Bank of Spokane, Wash., will meet
growing needs for additional capital by the issuance of
$300,000 of new stock, which will increase the capital from
A special meeting of the stock$200,000 to $500,000.
held
on
April
be
20 to authorize the proposed
F.
Hunter,
will
Vice-President;
J.
holders
Third
ViceSecond
Keyes,
President; J. D. McDowell, Cashier; J. F. Walker Jr., issue, and it is expected that it will be offered to present
and J. A. Goodman, Assistant Cashiers; Gilmer Winston, shareholders in proportion to their holdings. The stock
Secretary, and Samuel Hallo way. Attorney and Trust has a book value of about $155 per share.
of $1,500,000, a surplus of $500,000 and a deposit account
The officials will consist of S. P. Read
of over $5,000,000.
as President; J. R. Pepper, First Vice-President; J. W.
The present directors of the two institutions will
be retained until Jan. 1 1907. The new banking concern
will operate under the charter of the Tennessee Trust Co.
The latter has a capital of $700,000, and the proposition to
increase the amount to $1,500,000 will be acted upon by
On that date also the other
tfee stockholders on April 17.
details incident to the carrying out of the consolidation plan
will be submitted for the acceptance of the stockholders of
The Union & Planters Bank
the institutions concerned.
has a capital of $600,000.
With the consummation of this consolidation Memphis
wilil have two institutions with a combined capital and surplus of $2,000,000 the other institution being the Bank
of Commerce & Trust Co., which resulted from the union
last October of the Memphis Trust Co. and the National
Bank of Commerce. This company has deposits of nearly
.$6,000,000 and aggregate resources of about $8,000,000.
J. T. Fargason is President; John H. Watkins and J. A.
Officer.
—
its
—
J.
A. Hall has succeeded the late Charles P. Masterson
Bank of Seattle, Wash.
Commerce (head office, Toronto)
as Cashier of the First National
— The Canadian Bank of
has recently opened branches at the following points: Gleichen, Alta., with J. S. Hunt in charge; Humboldt, Sask., with
Savage,
F. C. Wright manager; Langham, Sask., W. J.
manager; Leavings, Alta., H. M. Stewart, manager at
Macleod, in charge; Radisson, Sask., C. Dickinson temporarily in charge; Stavely, Alta., A. B. Irvine, manager at
Claresholm, in charge; and West End, Montreal, H. B.
Parsons manager. The Leavings and Stavely offices will
for the present be open for business only on Tuesdays and
Thursdays
—The Bank of British North America held its seventieth
annual meeting at London on the 6th inst. The balance
sheet to December 30 1905, submitted at the meeting,
showed net
profits for the half-year of $287,462.
An
addi-
making
Omberg, Vice-Presidents; and James H. Fisher. Secretary.
the amount now $2,141,333 against $2,044,000 on December
The First Savings Bank & Trust Company of Nashville, 31 1904. Deposits and current accounts increased during
Tenn., organized as an auxiliary to the First National Bank, the twelve months from $17,887,704 to $20,223,651, while
is to begin business about April 10, in the foxmer quarters
total resources advanced from $39,054,158 to $47,001,463.
of the First National!.
The two institutions are under Since the last report branches have been opened at DavidF. O. Watts, President son, Sask., and Duncans, B. C; and since the end of the
practically the same management.
of both, has as his assistants in the trust company W. R. year a branch has been opened at North Vancouver, B. C,
Cole, who is Vice-President, and P. D. Houston, the Cashier and sub-branches at Alexander, Man., and Toronto, Dufferin
and General Manager.
Street.
The detailed statement will be found pn pages
F. Prevost Breckenridge for a number of years the 731 and 732 of tliis issue.
Chicago representative of the Harris-Scotten Company,
tion of $97,333 has been
made
to the reserve fund,
—
—
,
has resigned to take the cashiership. of the projected City
Bank & Trust Company of New Orleans. The company is
to have a capital of $400,000, with a surplus of $100,000,
the $20 shares being sold at $25 each.
M. J. Sanders,
agent at New Orleans for the ^.eyland Steamship Line, will
be %h^ President of the new banking institution.
—
The increase in capital to be made by the First National
Bank of Shreveport, La., was authorized by th& stocks
The amount will be raised from
holdfeifs on the 21st inst.
$200,000
—A
to,
$500,000.
union of two of Seattle's
ino>st
important banks,
narnely the- Washington National and ttie National Bank
of Conimerce, seerns likely to b^ shortly effected.
A plan
for their consolidation has already been
respective managers,
and
will
approved by the
be presented for the
tion of the stockholders at an early date.
ratifica-
If the arrange-
[From oui own. Correspondent.]
London, Saturday, March 17 1906:.
The stock markets have been stagnant and depressed
Last week the hope was alalmost all through the week.
most universal that the conference would arrive at a satisfactory settlement very speedily.
This week the hope has
been utterly disappointed, for no progress has been made.
The disappointment probably is mainly due to the d^ay in
forming the new French Cabinet. The best informed still
The stock exbelieve that a settlement will be arrived at.
changes, however, and the Continental bourses are so, much
disappointed that, though they have not quite lost hope,
they are far less confident than they were, and prices generally have given way.
Tlie effect of the delay in bringing abovit a settlement has
been greatly magnified by the disturbances throughout
France, caused by the taking of inventories in the churches.
The fall of the Uouvier Cabinet unquestionably adversely
And now the
affected France's position in the conference.
disturbances are making the difficulties of her Government
still greater.
The deplorable calamity at Courrieres has likewise greatly affected the ParLs Bourse and tlu^ou^h it other
bourses and stock exchanges.
Money in London, too, has
ments as now outlined are carried through, the bank resulting
from the combination will retain the name of the National
Bank of Commerce. Its paid-up capital will be $1,000,000,
and it will have besides a surplus of from $400,000 to
M. F. Backus, President of the Washington
$500,000.
National BanJc, is to be the executive head of the new
institution.
Presidjcnt H. C. Henry and Vice-President
R. R. Spencer of the National Bank of Commerce, been scarce and dear, and the weakness of the New York
Lastly,
Stock Exchange has affected Eurojx'an marketswill be respectively Chairman of
the
board of direc- the speech
diclivered by the Under-Secretary for the Colonics
tors and Vice-President of the con.solidated bank.
The on Wednesday last on (^hine.se labor has caused much apprelatter's directors will be chosen from the boards of the two
hension in the market for South African uoining shares.
Both the Washington National (capital $100,000) There has been a heavy fall in these shares, reviving the fear
banks.
and the National Bank of Commerce (capital $."500,000) of failures at th(^ next settlement and generally disturl)ing all
investors,
^n Paris the tone is even wor.se tlian in London.
Vere organized in 1889 %e first-named by E. O. Graves There is an uneasy feeling that Parliament, by over-turning,
and M. F. Backus, and the latter by R. R. Spencer. The the Rouvier Cabinet when it was engaged in most dclivatc
combined deposits of the in.stitutions will exceed $8,000,000. negotiations, has seriously injured the interests of France,
and there is a further sore feeling that the taking of invenSecretary P. C. Kauffman of the Washingtf)n State tories ia the eiiurches has either been, very tactlessly conBankers' As.sociation announces that the eleventh annual ducted or else has been turned to account by the enemijes twS
—
THE CHRONICLE.
730
Vol. lkxxii.
the Kcpulilic.
J'-xtrcincly little, therefore, has bccMi doiiif^
Messrs. Pi.xley <t Abell write as follows under date of
throufjh the week in Paris, and there has been an inclina- March 15:
tion on the part of the leading banks once more to decrease
GOLD. — There was a special enquiry for N'ew York this week, which absorbed
their balances abroad, as is shown by the fact that the Paris about £250,000 of the arrivals af Hd. over the la«t price. To-day we quote cold at
778. OJid. witii I'arls the only buyer. Since our ia.ft the Bank ha.s received £187,exchange upon London has fallen very low.
000, of which £138,000 Is in bars.
There have been no withdrawals. Arrlvalii
South Africa, £312,000; Australia, £20.000: total. £332.000. Shipmenta— Bombay,
In Berlin the more hopeful feeling has been maintained. £84.000;
Colombo, £2,500; Calcutta, £15.00(J; total. £101.500.
The semi-official press has continued to assure the public
SILVER. — There have been some rapid movements In silver: after failing as low as
for ca.sh. chiefly on extensive short selllni;. the market rallied on news of a
that a satisfactory arrangement will be arrived at.
Then 29d.
French tender for May delivery for K 25.0(K). There were also rumors of fresh purthe feeling in Berlin very naturally is that Germany has been cha-scs for the Indian Government, and this made the speculators for the fall try to
cover their silver. The market rose rapidly, until to-day we touched 29>Sd. for
greatly favored by the fall of the Rouvier Cabinet and by the spot,
closing, however, a little under the best.
Forward has been about 7-16d. under cash. Arrivals— New York. £317,000. Shipments—Calcutta, £318,200; Caldisturbances caused by the inventory taking.
Mex. Dols.), £85.900; total. £404,100.
The magnitude of the Government deposits in the Bank cuttaldn
MEXICAN DOLLARS.— There isino business to report In Dollars. Arrivals
of England at present
they amount to over 19 millions sterl- New York. £145.000.
ing is giving rise to a good deal of speculation as to whether
The quotations for bullion are reported as follows:
the Government has succeeded in making material economies
GOLD.
Mar. 15. Mar. 8.1
SILVER.
Mar. 15. Mar. 8.
during the short time it has been in office. It is known that
Londonistandard
London Standard
d.
s.
d.
d.
s.
d.
Bar gold,
oz
77 9K 77 9H IBar sliver, fine, OZ-..29K
29 11-16
the late Government had endeavored to economize.
In fact, U.S. gold nne,
coin. 02
76 4% 76 4Vh' ' 2 mo. delivery, oz. 29 7-16
29J4
32 1-16
it did effect very considerable savings in the Navy.
32K
It is German gold coin, oz.. 76 4% 76 4 Ji Cake sliver, oz
French|goldcoln,oz
76 4% 76 4?'- 'Mexican dollars
nom.
Bom.
believed that it effected economies in other directions.
And Japanese
yen, oz
76 4% 76 4H
it is notorious that the new Government has set itself very
a Nominal.
earnestly to cut down expenses where possible.
Naturally
The following shows the imports of cereal produce into
one would suppose that it could accomplish very little in
three months.
The fact nevertheless is that the Govern- the United Kingdom during the season to date compared
ment deposits in the Bank of England are abnormally heavy with previous seasons:
IMPORTS.
at the present time.
They always are large in the early
Twenly-eighl weeks.
1905-06.
1904-05.
1903-04.
1902-03.
part of March, because in the second half of that month the Imports of wheat ,|cwt
42,645,200 54,379,300 47,820.961 43,583,703
Barley
14,503.800 14.333,900 21,123,068
17,948,513
disbursements out of the Treasury are on an exceptional Oats
6,680,500
7,293,900
9,209,498
8,382,183
1,107,205
1,254,451
1,354.959
1,123.063
scale.
It is possible, of course, that the payments to be PeasBeans
483.030
970,310
1,454,8.58
1,110,990
made during the next two or three weeks will be immense, Indlancorn
25.766,200 24,529,600 28.4i'2,597 20.635,750
--. 8,695,100
6,466,520
12,952,924
10,414.827
and that it will thus be shown that very little retrench- Flour
ment has been found practicable. It is also possible that
Supplies available for consumption (exclusive of stock
very large sums indeed may be paid out during the next on September 1):
two or three weeks, and yet that the Government may have
1905-06.
1904-05.
1903-04.
1902-03.
imported, cwt
42,645,200 54,379.300 47,820,961 43.583.703
saved a handsome amount. The question is of practical Wheat
Imports of flour
-.8.695.100
6.466,520 12,952.924
10.414.820
interest because any money saved now will be applied to the Sales of home grown
21,555.871
10,162,794 11,188,402
14,520,651
redemption of debt next month, and therefore will have
Total
72,896,171 71,008,614 71,962,287 68,519,174
a considerable influence upon the price of consols in the Average price wheat, week
28s. 5d.
30s. 9d.
29s. Id.
25s. Id.
Averagefcrlce, season
28s. Id.
30s. 4d.
25s. 6d.
27s. Id.
immediate future.
The following shows the quantities of wheat, flour and
Money during the week has been very scarce and dear,
owing to three different causes. In the first place, as we maize afloat to the United Kingdom:
have just been pointing out, the Government has deposited
This week.
Last week.
1904.
1903.
-._
qrs. 3,875,000
3,745,000
4.110.000
3,335,000
with the Bank of England an exceptionally large amount of Wheat
Flour, equal to
22.T.0no
qrs260,000
205,000
160,000
money at the present time exceptionally large even for Maize
ars.
605 000
675 000
320 000
670,000
the mindle of March.
In the second place, since New Year's
Day the collection of the revenue has been on a very extensive
English Financial Markets Per Gable.
scale and has been transferring money from the outside market to the Bank of England.
In the third place, trade is
The daily closing quotations for securities, &c., at London
exceedingly good in the North and Middle of England and
the South of Scotland.
Active trade in the great manu- as reported by cable have been as follows the past week:
London
facturing districts naturally requires a very considerable
Week ending March 30.
Sal.
Mon.
Tues.
Thurs.
Wed.
Fri.
increase in the circulation.
d- 30 3-16 .30^
And therefore money has been Silver, peroz
30}^
30
30
30H
Consols, new, 2>^ per cents.. 90 5-16 90Vi
90 5-16 90H
90 9-16 90J^
steadily flowing out for months past from London to the
Foraccount
90 7-16 90«
90^
90 9-16 90?^
90J^
French Rentes fin Paris) tr.. 99.25
99.05
99.22J^ 99. 27^ 99.22H 99.05
North and Midlands and to the South of Scotland. If the ftAnaconda
Mining Co
13^4
14
14
13H
14H
14H
Government has to pay very large sums for contracts during Atch.Topeka & Santa Fe.-- 95J^
95^^
965^
975^
96^
97K
Preferred
107
107
105J4
106M
107H
106H
the next couple of weeks there will probably be a very great Baltimore
Ohio
&
114
114^
1145^
115
113M
115ii
Preferred
change in the state of the market. If, on the other hand,
99)4
99)4
99)4
99H
99^
99H
Pacific
177
177)4
177)4
I'SH
1775^
176j|
the payments on account of contracts are moderate, the Canadian
i&
Chesapeake
Ohio
60
60
61
61
603i
60H
Great Western
21)4
21)4
21^
2154
21>4
21J4
Government will have a considerable sum to redeem debt, Chicago
Chicago MilwaukeelA St. P..
ISO
181
181^
181
181M
and the payments out of the Bank of England will not be Denver & Rio Grande, com.. 179H
45=4
4G14
45
46%
47
46K
Preferred-90
S9)4
89M
89!^
90M
90H
made until next month. The general impre.ssion still is Erie,
common43%
45)4
46
44)i
44M
45H
all
.
—
—
.
\
I
I
—
—
.
that next month money will be very plentiful and cheap.
The India Council offered for tender on Wednesday 80 lacs
of drafts, and the applications exceeded 498 lacs at prices
ranging from Is. 4d. to Is. 4 3-32d. per rupee. Applicants
for bills at Is. 4d. and for telegraphic transfers at Is. 4 l-16d.
per rupee were allotted about 14% of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last four years:
1906.
Mar.
£
1905.
Mar.
£
14.
Circulation
Public deposits
Other deposits
27.926,725
19,120,720
41,012,269
Governm't securities 16,114,822
gther securities
33,722.986
eserve,notes&cnln 28,635.278
Coln&bull..bothdep 38.112,003
Prop, reserve to liabilities
47 9-16
P.O.
1904.
Mar.
£
15.
27,087,250
10,266,646
44,515,143
15,589,185
32,424,190
31.129,319
39.766,569
1903.
Mar.
£
16.
27,561.390
13.720,681
38,642,241
19,224,834
24.292,522
26,561,863
35.673,273
51!^
2!^
1902.
Mar.
£
18.
28,129,305
14,681.743
40,979,868
14,668.318
32.274,570
27,181736
37.136 041
50 9-16
19.
28 553 645
18 947 803
.39 528 023
16 274 386
33 963'l44
26 774'583
37'553'228
45^
48J<
Bank rate
p. c.
4
4
4
3
Consols, 2>^ p. c...
91K
90!4
93 11-16
86?i
91H
Silver
29Ha. 26 15-1 6d.
|26Kd.
22 7-16d.
25 13-16d.
Clear. -house returns261,348,000- 268.032,000 195.180,000 207.584,000 205,352,000
The
money have been
rates for
Mar.
Bank
England rate
Open Market rates
Bank bills— 3 months
—4 months
—6 months
Trade bills— 3 months
—4 months
of
—
4
3
Interest allowed lor deposits
By
By
—
9-16®3^
call
4
3 9-16®3^
3 7-16(S)3H
3 7-16
ZH
3H
3H
3@3'A
35i@4
3'A@i
3J^@4
Feb. 23.
2.
4
3H 3Wm3%
3W®334 2K&3
Joint-stock banks,
discount houses:
At
Mar.
9.
4
3%®4
4
4
A@,i\i
i@iVi
2H
2H
2H
2K
3
3Ji
3
3
3
Mar.
Rates ol
Interest at
—
Bank
17.
Open
Rate. Market
Mar.
Bank
10.
Open
Rate. Market.
3
2%
5
4
5
2H
4H
Amsterdam
5
5
3
4!^
414
25^
Brussels .._
4
5
3
4
5
4H
nom.
8
4
4H
5
4H
Paris
Berlin
Hamburg
Frankfort.
Vienna.-St. Petersburg
Madrid
Copenhagen
3
_.
3H
4H 4 5-16
nom.
8
4
4H
4)4
5
Louisville
&
Nashville
154H
Mexican Central
25
Mo. Kansas & Texas, com-- 36)4
Preferred-National RR. of Mexico
N. Y. Central & Hudson
N. Y.Ontario
&
51H
90H
93)4
94
7054
--68
46?i
50
27
69)4
common
common
Preferred
U. S. Steel Corp..
Preferred
...
...
...
69H
70
42H
41>^
220)4
71)4
69^
47K
50
27)4
695^
41H
70H
42H
105
105
104!^
105
157)i
99
158%
157%
159?'i
99
42%
99
41|^
109?i
108^
41H
23^
10854
23H
52^
52
S3)4
83J4
b£
52H
90M
95H
50
.-.52
a Price per share.
52
90
94
50
70
36^
74M
41
149)4
47
71H
72K
41
149
50
...
82
177 J4
156J^
26
106
108!^
23)4
Debenture "B's'
74H
...
71
683^
47
common.. 41
Preferred
94
80!^
70!4
177
154)4
25
36.H
157K
99
Wabash
41
I49J^
52)4
91
...
71
68>^
47
41M
--
Pacific,
25
148
51)4.
224
Preferred--
36^
74M
155^
41
147^
aFirst preferred
aSecond preferred
Rock Island Co
.Southern Pacific
Union
36K
74^
common 90M
Northern Pacific
aPennsylvanla
aReading Co-
Southern Ry.,
80
70}4
177}|
74
41
Western.-.
Norfolk & Western,
Preferred
79>^
70
176
155
25
84)^
24
52
83^
98
42H
109«
235i
53
S4)4
80}^
72
177
155
2SK
36>|
74
41
149H
52}<
91
95H
225
71Ji
69
47 Ji
50
28
69^
42K
105
15854
98
4lH
109
23 >4
52
84}^
sterling per share.
4
3%
2H
3H
4H
Mar.
Bank
3.
Open
Rate. Market.
3
5
5
5
3
4
2K
3%
3H
3 9-16
2^
4)4
3Ji
4 1-16
8
nom.
4M
5
4
4)4
©omincvcial mu\ ^Xisctllmuoxxs^txos
—
Auction Sales. Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
Slocks.
3M
ZT4
3H,
The Bank rates of discount and open market rates at the
chief Continental cities have been as follows:
7tol41days
80
69
-176
as follows:
Mar.
16.
First preferred
Second preferred
Illinois Central
Feb. 24.
Bank
Open
Rale. Market
3
2%
3H
3H
5
5
3 9-16
3
2%
4
3?i
4%
4H
nom.
8
4
4M
5
6
4)4
Stocks.
8 Valley RR. Co. (Guar.).. 127
51 Union Nat. Bank of N.Y.
(179% paid in liquida-
$4
tion)
427 Newport
400 Seattle
tion
News &
lot
Miss.
Co
lot.
&
$2
East. Construc-
Co
$30
lot.
Valle.v
7 Amer. Grocery Co. 1st pf.1 S3
35 Amer. Grocery Co.2(i pf.j lot.
180 The Grand Canvon Ry.
Co. com- .$12-.S12^ per .sh.
225 H
5 Guardian Trust Co
135"^
10 Kve Nat. Bank
40 Northern Nat. Bank. 167-1 67 J4
310
5 19th Ward Bank
100 Empire Steel Co. Pref-.. 40
41 Bklvn. Warehouse & Storage Co
102 J4
35 N. Y. Mutual Gas Lt. Co.206
5 Internal. Banking Corp.. 145
Bonds.
82,000 Oswego & Svr. RR.
Guar. Construe. 5% 1923,
M.
&N
115H
$2,000 John Matthews Corp.
5s. 1928. A.
85
$10,000 Delaware & Northampton RR. Co. 1st M. 5s
1953, July 1903 coupons on
$500 lot
&0
.
. .
Mar. 31
..
.
.
.
.
THE CHRONICLE.
1906.]
731
—
Breadstuff s Figures Brought from Page 763. The statements below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1 for each of the last three years, have been:
.
Receipts at
—
Chicago
Milwaukee..
Duluth
bush. 60 lbs. bush. 56
4,000
1,096
42,000
14,250
Kansas City,
Rye.
lbs.
75,430
76.000
68,347
22,064
332,565
301,400
106,000
149,800
87,782
334,460
24,000
32,900
66,278
450,200
458,100
98,400
280,500
60,755
140,100
3,340
46,250
79,000
3,000
6,300
2,222,718
5,465,200
2,400,035
3,078,003
4,039,806
3,079.241
956,027
1,079,422
1,099.936
51,600
77,276
139,914
121,600
2,524,398
2,746,697
2,865,085
303,178
274,509
439,243
Tot.wk.'Oe
Same wk. '05
Same wk. '04
Barley.
Oats.
bush. 32 lbs. bush. 4Hlbs bu.biilbs.
1,376.083
1,119.312
346,082
19,000
69,000
59.840
307,387
1,726,590
29.000
17,000
7,785
141.196
10,600
156,000
167.082
58,450
16,300
MinneapolisToledo
Detroit
Cleveland ..
St. Louis
Peoria
Corn,
Wheat.
Flour.
bbls.l96ll)S.
7,200
2,850
10,850
2,400
Since Aug. 1
1905-06- . 13,625,587 185.657,685 129,311,219 162.109.526 65,295,335 6,511.981
1904-05.-. 11,902,096 171,010,709 133,585,330 118,779,644 54,468,005 5,753.012
1903-04... 14,244,545 187,426,669 122,797.890 120,734.270 56,362,872 6,479,966
Total receipts of flour and grain at the seaboard ports for
the week ending March 24 follow.
Receipts at
Wheat,
Flour,
—
New York
Boston
Portland
Philadelphia
Baltimore
Richmond
Newport News
Total week..'...
1905
Week
bills of
Barley,
bush.
bbls.
bush.
bush.
bush.
290.000
205,406
200,260
114,401
37.273
33,040
276,275
245,230
218.706
70,646
552,765
32,090
424,500
86,706
131,884
633,330
13,432
1,388
4,355
4,859
266,199
315,929
I
Rye,
bush.
1,950
73,200
13',2i7
,41,351
69,836
11,795
325,984
281,000
8,333
22.700
81.000
61,500
22,000
14.663
228,437
3,225
8,844
25,854
14,582
2,310
71,453
I'ljoi
1,227.180
250.259
1,517,135
945,197
2.082,936
1.027,976
148,541
132,299
_-
a Receipts do not include grain passing through
on through
Oats,
92,296
36.754
8,023
42,739
44,704
3,100
1,684
12,867
New Orleans.a...
Galveston
Norfolk
Montreal
--Mobile
St. John..
Corn,
New
2,090
13,745
11,896
Orleans for foreign" ports
1 to
March 24 com-
:
Flour -.
.bbls.
1906.
3,764,804
1905.
3,113,422
1904.
4,850,683
1903.
5.172,742
Wheat
bush. 17,748,408
51,846.903
21.907,604
5,051.659
422,996
3,843.743
38,003,789
8,109,054
2,000,111
123,117
12,520.563
22,390,468
9,295,006
1,199,342
296,765
19,136.998
39.553,453
12,277.515
1,499,604
677,922
96.977.570
52.079.814
45.702.144
-73.145.492
Receipts ol-
Corn
Oats
Barley
Rye..
t
-
Total grain
The exports from the several seaboard ports for the week
ending last Saturday are shown in the annexed statement:
Export's from
—
New York
Portland
Boston
Philadelphia
Baltimore
Norfolk
..
Wheat,
Corn,
bush
bush.
495.253
509.664
200,260
218,706
187,852
331,743
64,000 1,122,803
1,217,489
Newport News
New Orleans
Galveston
Mobile
St. Johns. N.B..
279,830
299.085
8.844
25,854
64,000
Flour,
Rye,
Oats.
Barley,
bush.
bbls.
bush.
60.746
8,023
15,621
17,676
28,988
13,432
1,684
9,024
9,843
4,355
4,859
296,853
131,884
74,612
180,000
40
8,295 102.374
13.217
32,899
325,984
6,870
8.333
bush.
2,310
71,453
51,701
Total week
1,239,802 4,014,018 174,251 1,090,006
Same time 1905- 79.215 2.181,294 155,043
9,996
8,295 208,524
51,112
228,437
The destination
July
1
is
of these exports for the
Peas,
bush.
1..566
35,193
36.759
19.218
week and
since
as follows:
Since
Mch .24
Exports for week and
—
July 1
1905
.
since July 1 to
bbls
bbls
United Kingdom... 62,931 4,596,661
Continent
53,747 1,669.607
South & Cent. Amer. 13,054
554,184
Wcstlndies.29,787
941,457
Brit, No. Am. Cols.
2,325
108,617
Other countries
12,407
242,651
Total
Total 1904-1905
Corn
Wheat
FlOUT'
Week
Since
Week
Mch. 2i.
July
1
1905.
Since
July 1
Week
Mch. 24.
1905.
bush.
bush.
bush
bush
967.215 28,502,410 1.984,007 40,055,771
267,197 12,444,5:38 1.979.604 50,191.472
3,238
168.865
3.081
333,284
2.152
42,422
1,254.6:59
66,800
112.679
3,800
409,827
1.104
39.169
174,251 8,113,177 1,239,802 41,591,500 4,014,018 92,587,014
155,043 4,811,067
79,215 10,002,952 2,181,294 58,516,383
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulat ion at lake' and
seaboard ports March 24 1906 was as follows:
Wheat,
bush
917.000
Corn,
bush.
1,114,000
384,000
157,000
374,000
253.000
416,000
--171,000
37,000
1,045.000
691,000
.383,000
384.000
1,298,000
2,256,000
1,531.000
107,000
30,000
New York
Oats,
Rye,
Barley,
bush.
bu.'sh.
936.000
119,000
440,000
143,000
640,000
449,000
1.356,000
211.000
btish
afloat
Boston
Philadelphia
Baltimore
New Orleans
Galveston. Montreal -Toronto
Buffalo
afloat
Toledo
"
afloat
Detroit
"
afloat
ChlcaKO
_.
afloat
Milwaukee
7,000
209,666
185.000
46,000
1,181,000
180,000
596,000
102,000
1,000
551666
3i'2',666
3"5'9',666
55,000
23,000
"
'5,066
215,000
121.666
23,000
170.000
4,493,000
641,000
440,000
3,988,000
8'3V.666
838,000
4,778,000
152.000
507.000
ib5',666
377,066
5,722,000
803,000
3,091,000
506,000
136,000
1,305.000
100,000
432,000
968,000
18,000
211,000
1,203,000
19,000
22.000
13,612,000
15.349,000
9,679,000
22,668,000
23.636,000
li), 109.000
lO.O.iO.OOO
io,:i.'-iC),ooo
10,202,000
7,307,000
2,180,000
2,255.000
1,415,000
980,000
1,077,000
afloat
Fort William
afloat
Port Arthur
Duluth
afloat
Minneapolis
St. Louis
afloat
Kansas City
.
<l>l
172,000
23,000
1
1)00
000
24.000
121
.
1,161,000
1,000
167 000
Peoria. Indianapolis
On
5,640,000
183,000
2,303,000
7.305,000
221.000
17 ,820,000
1,914,000
iy2',6o6
Mississippi River
On Lakes
On Canal and
Hiver
Total March 24 1906.47,329,000
Total March 17 1906-47,272.000
Total March 25 1905-32,818.000
Total March 20 1904-32,511,000
Total March 28 1903.43,291,000
.The yearly general meeting of the proprietors of the Bank of British
North America was held at the offices of the company, 5 Gracechurch
Street, London, on Tuesday, 6th March, Mr. J. H. Brodie presiding.E
The Secretary (Mr. A. G. 'VVallis) read the notice convening the meeting.
The Chairman .said: Before commencing my remarks, I should like to
express my regrets at the absence to-day of one of the directors Mr. E,
A. Hoare— who is too unwell to be present. Mr. Hoare takes a great
interest in the bank, and I believe has never before missed attending
—
these general meetings during the last twenty-six years.
In the first
you will wish me to make some remarks on the balance sheet to
Taking, firstly, the item of deposits, there is again
the end of last year.
an increase in the deposits and current accounts of £490,000 sterling
place,
mostly in the savings bank deposits, and, as you
growth was shown for 1904.
The actual increase in our savings bank deposits is about £390,000
Bills payable are a good deal higher than last year, show(81 ,898,000).
ing as they do an increase of over £1,000,000 ($4,866,666). Notes ia
circulation have increased £70,000 ($340,666), and|at times during the
year have considerably exceeded this amount. We are pleased to be
able to put a further £20,000 ($97,333) to our reserve fund, therebybringing it up to £440,000 ($2,141,333). It is getting on towards the
half-million
a figure which we shall all, I am sure, be delighted to reach
and all saved out of profits, and none of it by the is.sue of new capital.
If you now turn to the credit side, cash in .specie and cash at call and
short notice are more than £600,000 ($2,920,000) above those of last
year, and show an excellent percentage on our responsibilities on the debit
side, these two together being close upon 40% of our total liabilities to
the pubhc.
Investments are shghtly altered. We sold our £25,000
($121,666) of Exchequer bonds, and increased our Consols to an equal
amount. Bills receivable, loans on security and other accounts are
higher by one million sterling. The premises account, after tran.sferring
the sum of £10,000 ($48,666) from the profits of the half-year, .stands
at £173,000 ($841,933), which is £7,000 ($34,066) less than at the corresponding date of 1904. At our last annual meeting the Chairman gave
you very full information respecting the various branches at which expenditure had principally been incurred, so that I need not go over that
ground again; but I may remind you that he made it very clear that
further transfers will have to be made in the future, when he said, "not
because there is not ample value and more than ample value in property,
but because we do not wish to see this account remaining at so high a
point." In the opinion of the Court, it is most important that we should
keep our premises thoroughly up-to-date, and with this object in view
there is work still to be done, and therefore you must not be surprised
when we feel it necessary to make further transfers from i)rofits in order
to keep this account down.
Our profits for the year, after making ample
provision for all doubtful accounts, amount to £93,000 ($452,600), and
these figures compare with £96,000 (.$467,200) in 1904.
The small difference is more than accoimted for by the disappearance of one or two
large accounts, which had previou.sly been borrowers.
At our last meeting the Chairman referred to tlie inactivity which prevailed during 1904
in New York, at the same time remarking:
"That the.se conditions
will not be permanent, and a return to greater activity will certainly be
As it
seen, although I am not going to venture to predict the date."
turned out, low rates for money continued until September, when a
better demand sprang up, which later on was followed by some weeks of
unusual activity and exceedingl.y profitable rates, in which our agency
fully participated.
Generall.v speaking, busine.ss in Canada during 1905
was prosperous, all the great industries showing good results, and trade
has been generally active throughout the year. Deposits in chartered
banks increased over fifty million dollars. I cannot give you the total
deposits for 1905, but the amount with all the banks, including the
Dominion Government Savings Bank, was some 107 million pounds
sterling for 1904, whilst in 1880
tliese were onl.y
.some 25 .years before
about seventeen million pounds sterling. The bank clearings of Canadian
cities have increased 22%.
The lumlier trade has shown a general improvement, the English market partially recovered from the deinessed
condition whicli was the characteristic of 1904: but it was the improvement in prices in the American market that contributed most to the
lirosperity of this industry, and the prices still continue to advance
The salmon industry of British Columbia for 1905 has sliovvn very good
results.
The catch was a record one, and the prices realized very good,
and the market continues strong. Many of the canning companies must
have done very well in 1905. improving their financial position to such
an extent as to put tliem on a vcr.v .sound Inisis. Dairying continues to
show excellent results, and the total value of exports under this heading
for the year ended October 31st 1905 reached the very large total of
42 million dollars.
In mining in British Columbia tlic approximate
estimate of the mineral production in 1905, sent over in anticipation of
the full returns, gives a total of $21,403,000: the.se figures .show an increase of more than two million dollars over the value of the output for
1904 a difference which is largely accounted for by the high price of
c()pi)er compared witli tlie price ruling in 1904, wiiich has stimulated
production of the great copper mines of tlie Boundar.v district. In the
Yukon a further decline in the output of gold has to be noticed. The
Government figures, calculating gold at $15 per ounce, show a total
export of $7,110,000, wliicli is more than two millions less than the outI)Ut of 1904.
This is partly accounted for by the fact tliat tlio siunmer
The
.season was extremel.v dry and good labor none too plentiful.
future of tlie camp, as the Chairman told you last year, appears to depend chiefly upon an adequate water sui)ply, and we imderstand that
($2,384,666), which
will recollect, it
3,887.000
3 934,000
3,261,000
3,600,000
1 ,680.000
was
is
in these deposits that the
—
—
lading
Total receipts at ports from January
pare as follows for four years
BANK OF BRITISH NORTH AMERICA.
REPORT OF THE DIRECTORS PRESENTED TO THE
PROPRIETORS AT THEIR SEVENTIETH
YEARLY GENERAL MEETING.
—
—
—
THE CHRONICLE.
1H'2
surveys have now been
made by
no
of oiiinifta that there are'
brint'itig a sutfiiient siipitly of
correct,
tlie life
of Die
Yukon
engineers of
difticiilties
J»i«li
reputation, who are
be ovPTCome in
wliidi cannot
water to tlie camp.
may be [iroloiiKed.
Sliotild
ttiis
It is [ileasinj;
We have examined the above Balance Sheet with the Book.s
provi-
to sic
find
ami fetched Kood prices. The exports of cattle were r>9.000
head, 22,000 head more than in 1904 and 38.000 more than in 1903.
The inunigration to the i)rovinces of Manitoba, .Saskatchewan and -MA year ago your attention
berta is slated to have been 120,000 persons.
was drawn by the Chairman to the fact that the number of commercial
failures in Manitoba and the Northwest Territories had increased, adding that the total of such liabilities hail not increased in like proportion,
and he gave a word of warning against too great freedom in granting
credit.
It is, therefore, with great regret that I have to point out that,
whereas in 1904, the faihn-es in these tliree provinces were 52 in number,
with liabilities amounting to §370,000, in 190.5 they were 1,55 in number,
with liabilities amounting to .§1,324,000. Our Winnipeg manager, wlio
writes with a large experience of local conditions, is of opinion that while
established houses have added to their means and strengthened their
position, many have gone into business of late years lacking capital
The
or experience, or some other essential, with the inevitable result.
settlement of these three provinces is'i)ro('eediug rapidly, as the immigration returns clearly indicate, and the value of important farms has considerably increased, and in the most favored localities has now reached
a point wiiere tiie value compares not unfavorably with tiie price of freehold farms in certain counties of England. The value of good land has
also advanced considerably, chiefly under the influence of purchases for
actual settlement, but also, I regret to say, from the purchases of speculators, whicli have been on a considerable scale, and will certainly not
have a beneficial influence upon the agricultural industry. This concludes
the general remarks I have to make to you; but before sitting down I
wdll ask you to appreciate that the results of the year's workings have
not been brought about without hard work by our General Manager,
Mr. Stikeman, and his stafT, and I am sure you will allow us to convey
to those in Canada and to our London office your hearty thanks for their
continued good services in the interests of the bank. I beg to move
that the report and accounts be adopted, and if any proprietor wishes
to ask any questions I will be pleased to reply to him to the best of my
ability.
Mr. Henry R. Farrer seconded the resolution.
questions being asked, the resolution was put to the meeting and
was carried unanimously.
Messrs. G. D. Whatman, J. J. Cater and H. J. B. Kendall, the retiring
Directors, were re-elected, and Mr. C. W. Toinkinson was elected to liil
the vacancy caused by the resignation of Mr. Maurice G. C. Glyn, who
found it impossible for him to devote sufficient time for the conscientious
discharge of his duties on the Board.
No
OF BRITISH NORTH AMERICA BALANCE SHEET
30TH
DECEMBER
Auditors,
(Of Price, Waterhou.se & Co.,
Chartered Accountants.)
London, 22nd February, 1906.
GOVERNMENT REVENUE AND EXPENDITURES.—
To Capital
arc enabled to place before our readers to-day the details of
Government receipts and di.sbursements for the month of
February. From previous returns we obtain the figures for
previous months, and in that manner complete the .statement for the tight months of the fiscal years 1905-06 and
1904-05. For statement of February 1905 see issue of March 11
1905, page 1038.
RECEIPTS AND DISBURSEMENTS
CO
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$1,639,405 92
and Loss Account:
Balance brought forward from
Navy
Civil
Iiullans
Public
(000s omitted).
to
Interest
II
So
16,138,708 98
81,229 90
for contingencies
To Rebate Account
To Liabihties on Endorsements
Navy Wiir
>-3
$4,866,666 66
20,000 Shares of £50 each fully paid:
To Reserve Fund
2,141,333 33
20,223,651 OU
To Deposits and Current Accounts
To Notes in Circulation
3 ,368 ,577 SO
To Bill Payable and other Liabihties, including provision
we
of the S-cretary of the Treasury,
Through the courtesy
1905.
Dr.
To
to present a true
it
EDWIN WATER HO USE,
GEORGE S NEATH.
fixcellent
B.-^NK
the Certified Return.s from the Branches, and
statement of the Banks affairs.
London and
in
the climate of Hritish Columbia l)einK ai)preclaled l)y the better class
of settlers in this country, and in many parts, especially in the Island of
Vancouver, fantilies are continuously arrivinj;, who, having small independent means, take up farms, and seem Kieatly to enjoy life. In Manitoba and the Northwest the harvest constiliited a record, the production
of wheat in 1905 amounting to 86 million bushels, and the quality was
THE
fVoL. iJx^iiL
II
s*
cr.
t
cc-J^c;
—
to^
1
1
i
'
Profit
30tli
June
DIVIDENDS.
$192,257 76
146,000 00
1905
Dividend paid October 1905
The following dividends have been announced
this
week:
$46,257 76
Net
profit for the half-year ending this date,
after deducting all current charges and
providing for bad and doubtful debts. . .
Name
Buffalo
.$333,720 17
Fund
973 33
181,295 20
.S47,001,462 87
hand. S3, 782, 453 58
1 ,005 ,581 58
_
-814,688,035 IG
By Investments
War
_
.SI
219,000 00
of
Canada Bonds, £140,000
at
97.
Bills
Note.
son
April
1
2>^ lAprd
April
2
IM April
/
April 20
to
20 April 1
to
April 20
20 .\pril 1
April 20
to
20 April 1
April 19
to
20 April 4
April 1
to
I'Mch. 27
2|Hoiders ofrec.Mch. 15a
|.A.pnl
Capital Traction, W :i; li.. D.C. (quar.)-.
Cin. Newpt i Cov. Ll.&Tr., pret. (qu.)
_
Lincoln (Neb.) 'Iraclion. com
-Macon (Ga.) Hy. & LiKlil
Mancliester (N. H.) Tr. Lt. & P. (quar.)
New Orleans Ry. & Lt. pref. (quar)__
Philadelphia Co., com. (quar.)
Sao Paulo(Brazil)Tram.Lt.&P. (quar.).
Syracuse Kapid iransit. pret. (quar.)._
United Rys. Inv. San Fi-an., pref
United Rys.. St. Louis, pref. (quar.) .-.
Banks
National (No. 147)
Garllcld National (quar.)
Gall.atin
New Amsterdam
IH
1
April
14
.\pi:il
lApril
l(j
.\pril 11
to
to
to
1
;
3
April
i-Vi
.April
IH April
Wi 'May
April
2
IM April
C4H [May
IM April
—
April
-
National (quar.)
Mch. 15
'April
3
Mch.
.April
Mch. 31
April 15
April 16
16 ilolders of rec. April 2a
April 14
14-April 1
to
1 Holders of rec. April
2
2 Holders of rec. Mch. 20
April 2
to
2 Mch. 30
to
1 April 14
April 10
lOjMch. 25
to
6 "Holders ot rec. Mch. 28
April 1
31 Mch. 29
to
April 1
to
2 -Mch. 30
April
12M
6
to
April
.\pril
I9iApril S
15 Mch. 29
15 Men. 29
15 Mch. 29
April
15, Mch.
to
to
to
to
to
to
to
to
to
April 16
April 19
.Vprll 19
April 19
April 19
'April
10, April
9
.Miscellaneous
April
2
American Caramel, pref. (quar.)
S1.125'Aprll
Anaconda Ci)i)por (quar.) (No. 22)
Associated Merchants 1st pref. (quar.)..
IH -^pril
33
600,893 33
663,706 90
2,602,489 56
^ "
Receivable, Loans on Security and other Accounts 28,714
,071 41
841 691 32
BankPieaiises, <tc.,iii Lontion uiul iil the r-iranches_ _ .
Depo.^il with Dominion Government recniired by Act of
156,176 42
Parliami nt for Security of General Hank Note Circulation
By
By
By
April
lApril
Union (quar.)
-SI ,277,889
Dominion
Inclufive.
.4.pril
1>4
Riverside (quar .)
Trust Companies
,0.58,889 33
Loan, £50,000
Other Securities
Books Closed.
Days
Street Railways
Dividend.
in
When
Payable.
Railroad Securities, pret.
Cr.
National
at 90
com. (quar.)
Maine Central (quar.)
152,424 97
Consols, £2; 3,000 at 86
tjcntral,
Delaware LacK. & Western (quar.)
Genesee & Wyomms
2,95165
By Cash and Specie at Bankers and
By Cash at Call and Short Notice
Per
Cent.
(extra) _
Preferred (quar .)
Transferred to Officers' Life Insurance FuiKl
.\pril
&
Common
Account
«48 ,666 66
Transferred to Reserve Fund__ 97,333 33
Transferred to Officers' Widows
and Orphans Fund
2,500 00
Transferred to Otticers' Pen-
Balance available for
Company.
Railroads (Steam)
Susq., com. (quar.) (No. 28).
Cnypie Creek
Deduct:
Transferred to Bank Premises
sion
oj
287,462 41
,
— The latest
monthly Return received from Dawthe 30tli November 1906, and the fig-
is that of
ures of tliat Keturn ai'e introiluccd into this .^ccoimt.
The hnlance of the transactions for Decemlier with that
Bi'anch has been carried to Suspense Account, pending
the receipt of the December accounts.
Second preferred (tiuar.)
Second preferred (extra) _
i:. \\'., com, (quar.) (No. 54)
I-illss.
(quar.)
Chicago I'licumallc Tool (quar.).
Distillers' Securities Corp. (quar.)
Manuracturers' Lis;ht & Heat (quar.)..
.National Glass, pref. (quar.)
New York Dock, pref
N. Y. <<i X. .1. Telephone (quar.) (Xo.90)
.Vova Scotia Steel A Coal Ltd,.pf.(qu.).
Pennsylvania Salt Manufacturing.
Prt-fcrrcd
Realty Associates (No,
Streets
$47,001,462 87
April
First preferred (extra)
Ko
West Stable Car
2
1
1
L.,
com. (qu.).
'April
April
April
April
.Vprll
.4;pril
1M6
IH
-A.pril
April
April
-April
fi)
Transfer books not closed,
dends
2H
SOc.
b Correction,
April
April
c
On
29
Mch.2J
2
2lMch. 27
25l.\prll 15
2, 'April 7
20 Holders
16 Holders
161 Holders
16i Holders
1
1
ol
of
ol
of
rec,
rec,
rec
rec
to
16, Holders ot rec
to
16 April 6
to
25lApril 10
14 .^pril
1
Mch, 81
Mch. 31
April 25
April
April 1
April -2
^
AprU 2
April 5
April S5
Mch. 28
16
April 25
Ai»rll
account of accumulated divi-
.
V
..
.
85
.
P
i
.
9
3
.
£
(f
(
.
.
.
.
I
.
.
.
I
7m
THE GHRONICLE.
Mlfi. ;n 1906.]
.
—
—
New York City, Boston and Philadelphia Banks. Below is
Statement of New York City Clearing House Banks.
The following statement shows the condition of the New a summary of the weekly returns of the Clearing House banks
The New York
of New York City, Boston and Philadelphia.
York City Clearing House banks for the week ending figures do not include results for non-member banks.
It should be distinctly understood that as
March 24.
We omit two ciphers (00) in all these jlgures.
to all items except capital and surplus the figures are the
Capital
averages of the daily results, not the totals at the erid
In other words, in reporting loans and deof the week.
posits and holdings of specie and legal tenders, the practice is to take the aggregate of the amounts for the several
days of the week and divide this aggregate by the number
162,127,8
162,127,8
162,127,8
162,127,8
Capital.
Batiks.
00s omitted.
Bank of N
Y
.
. -
Merchants'
Mechanics'
America
Phenix
City
Chemical
Merchants' Ex_
Gallatin.^
& Drov_
Mech.&Tradeis
Greenwich
American Exch.
Commerce
Mercantile
Pacific
Chatham
People's
North America,
Hanover
Irving
Citizens' Central
Nassau
&
Marliiet
Ful'n
Shoe &
Corn Exchange
Leather
Oriental
Imp. & Traders'
Park
Ea^t River
Fourth
Second
First
N. Y. Nat. Ex_
Bowery
N. Y. County..
Gerraan-Amer.
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
Garfield
Fifth
Metropolis
West Side
Seaboard
First N.,
Bklyn
Liberty
N. Y.Prod.Ex.
New Amster
Astor
Totals
Loans
Legals
Specie.
Deposits, a
Rese've
Manhattan Co^
Butch.
two ciphers (00) in all cases
Surplus.
2,729,2
2,590.4
1,413,1
3,415,5
3,80/,
286,0
18,771.7
7,806,5
2,000,0
2,050.0
2,000.0
3.000.0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000.0
300,0
700.0
500,0
5,000,0
25.000.0
3,000,0
422.7
450,0
200,0
2,000,0
3,000,0
1.000.0
2.550.0
500.0
1,000.0
1,000,0
2,000,0
750.0
1,500,0
3,000,0
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
1,000,0
300,0
1,000,0
1,000,0
500,0
350,0
.396,7
2,284,9
142,5
376,7
005.5
4,502,5
12,540,2
4,386,7
065.7
1,053.4
442,7
1,931,2
7,287.8
1,095.5
678.6
331.3
1,3.83. S
487.5
3,390,9
1,112,3
6,755,1
7.4.';9.l
lUl
2,a;28,5
1,591,8
17,351,0
912,4
775,1
824,4
550,8
5,284,9
1.753,4
762,2
904,4
1,492,4
1, -291,1
425,8
1,018,7
769,8
1,057,6
638,9
2,122,0
544,4
607,5
651,1
$
16,709,0
22,924,0
11,109,0
17,911,0
22,412,8
0,776,0
147,849,1
25,567,6
5,131,5
8,359,8
2,441,7
5,817,0
4,928,7
28,023,9
141.210,3
20,673,6
3,123,3
6,203,2
2,164,3
13,830,7
48,166.2
7.962,0
17,962,5
3.450,6
6,951,5
4,924,1
31,099,0
9,259,9
23,482,0
7.'^. 166,0
1.204.2
1/, 674,0
10,220,0
88,796,4
8,814,8
3,328,0
4,948,5
4,010,2
48,237,7
10,062,6
3,108.2
3,220,7
13,626,9
7,937.4
2,989,5
10,640,0
4.182.0
15,921,0
4,348,0
10,435,6
5.728,2
5.973,4
4,336,0
$
2,512
6,387,0
2,009,6
2,471,0
3,952,6
1,100,0
25,791,0
5,268,1
970,4
986,3
581,1
864,0
786,7
3,094,3
21,133,4
3,074.1
495,1
787,1
130,2
2,178,1
7,299,8
1,531,6
3,189,3
242.1
1,155,2
1,230.5
0,205,0
1,309.5
3,835.0
16,302,0
236.4
2,490,2
1,131,0
17,903,7
1,827,4
467,0
946,8
732,0
12,329,7
2,280,5
185,0
482,2
1,333,1
1,856,8
614,0
1,354,6
$
1,453,0
2,186,0
1,162,0
1,682,0
2,195,6
124,0
8,745,9
1,738,7
575,3
572,4
82,9
612,0
471,2
1,758,6
9,818,6
1,308,1
,3,89,7
872,2
603,0
1,263,9
6,817,9
357,9
1,384,3
434,1
659,3
390,3
3,461,0
424,9
1,353,0
4,680,0
130,4
2,903,0
1,621,0
2,320,9
382.7
1/6,0
473,4
202,5
1,426,3
645,9
850,0
715,6
2,027,9
288,1
141,9
796,6
374,0
707,0
3,455,0
632,0
1.541,1
1,2L1.0
95.,
793,0
1,601,0
592,0
650,0
407,8
677,3
225,0
14,790,0
27,910.0
13.344,3
16.665.0
24.051.6
5.697.0
129,755,9
25.104.6
5.517.6
6,162,9
2,674,5
6,250,0
5, .397.1
20,243.2
120.942,5
17,092,2
3,696,2
6,347,9
2,655,3
13,274.4
55.523.7
%
26.7
.30.7
23.7
24.9
25.5
21.4
26.6
27.9
28.0
25.2
24.8
23.3
23.9
25.5
25.6
23.9
26.1
27.8
•25,9
25.4
3,697.8 IS, 2
6,622.3 27,4
6,305.4 25.7
37,903,0 25 .5
9,121,5 19.0
20,462,0 25.3
83,455.0, 25.1
1,416,3 25.9
19,957,1 27.0
10,704,0 25.7
76,7,S,'<.2 2() .3
25
177,694,0
179,383,0
182,474,0
49,530.0
49,860,0
49,860,0
217,268,0
215,423,0
213,093,0
March
Capital.
26 .7
25.7
24,8
23,2
24,7
Invcst-
.
Specie
Bank
Clearing
Notes
Agent.
Other
Deposits.
Banks,
&c.
Man.&Brx.
Century
Chelsea Ex..
Colonial
Columbia
Consol. Nat.
Fidelity
14th Street..
Hamilton
..
Jefferson
Mt. Morris..
Mutual
19th Ward .
Plaza
Riverside .
State
12th Ward
.
$
100,0
200,0
100,0
100,0
,300,0
332.4
379.3
1,064.9
200,0
500,0
200,0
400,0
250.0
200.0
200.0
100,0
100,0
200,0
23d Ward...
Union Exch.
100,0
750,0
Nat.
1.000,0
100,0
TJnited
Yorkville ...
Coal <t I.Nat
Metropolitan
34th St. Nat.
B't'yPk.Nat.
S
154,4
136,1
75.2
1,000,0
100,0
.
1906.
Foriceek.
300,0
1.000,0
200,0
200,0
1.30,2
$
830.3
$
12,6
$
1.102,5
28,1
48, t
5r,i
71.:
3ir.'
289, (
601.f
l'54.i
6(1,0
4,044,1
6,40-,0
4,908,5
992,2
4,749,9
4,553,2
3,913,0
2,859.0
3,695,3
114,3
142,5
435,2
161,4
285,4
224,9 3.50li,9
280,4 3,967,0
nil 1
1
103,1
1,186 3 11,594,0
2,;).>i),o
159,3
137,2
1 ,842,3
668,2 7,626,2
182,2
2.322,8
327,3
256,0
344,0
203,2
107,1
3, '224,
3,094,0
4,295,5
1,234,2
662,8
17.-
181, f.
204.:
15,,'
166.25,,
25.:,
254,(
25,
770,0
32,
60,1
351,2
203.0
41,8
59,, 6
268,?
255,2
127,
$
General Merchandise
Total
Since January
Mrr,s.'
200,0
.
150,0
119,0
370,2
. _
300,0
164.4
252,0'
l,0OO,O|
.300.0
648,8
822.3
821.9
593,6
202,9
.Nat..
Mechanics'..
Na.ssau Nat.
Nfvt. City. ..
North Side..
People's
Union
-
.7
23.,
116,2
44,6
38-,
4,9,0
373,4
53,
7,,
266,1
167,2
384.
183,4
181,
.•^
93.?
'94.0
5
225.0
27."^
135.
3 5.0
198,0
164.7
152.4
98.0
272,4
146,0
m,p.
24,9
187.'
204 2
215 4
306.6
.30
5
155,:
182,:
3,
76,(
24,
214,1
116,;
57,1
57,
86,
,;
4.725.1
6.795.0
3.403.1
979.4
5,498.0
5.012.5
First N-it...
Co. Nat
Third Nat...
Nat...
second Niit.
141,345.8
138,547,7
January.
in
1903.
S2. 647, 642,
13,252.503,
11,146,10/
813,971,751
$16,15S,406| $13,793,7491 $12,217,457
$42,859,997
134,062,976
$38,2,80,7171
1
General Merchandise..
Total 12 weeks
$33,642,2881 $39,'258,.365140,931,S54| 115,330, 24l| 108,982,236
$176,922,973 $179,212,571 ,$148,972,529 ;$148, 240.601
of dry goods for one week later will be found
our report of the dry goods trade.
The following is a .statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending March 26 and from Jan. 1 to date:
The imports
in
EXPORTS FROM NEW YORK FOR THE WEEK.
$11,645,328
138,230,671
Total 12 weeks
1904.
1905.
1906.
For the week
Previously reported
$9,212,177
112,737,110
1903.
$12,253,832
118,595,315
$10,030,901
110,531,392
$149,875,899 $121,949,287 $120, 562, 293;$130,849, 147
— As the figures of exports as reported by the
from week to week frequently sh<iw divergence from
Note.
New York Custom House
monthly
comby adding
totals, also
piled by the Custom House, we shall from time to time .adjust the totals
to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New York for the week ending March 24
and since Jan. 1 1906, and for the corresponding periods in
1905 and 1904:
Exports
Itnports
Gold.
Week.
Since Jan.
Since Jan.
Week.
Great Britain
France
.
"
.
.
.
.
..
-
.
-
$27;375
225,000
3,390,000
10,000
11,140
4,497
74,335
26
$3,6.52,375
$917,302
30,958,071
2,683,774
$1,069',0(»6
770,000
$9' 6.50
827, ,•^05
$827,:?65
.
other countries
Total 1906
Total 1905
'I'otal 1904
94.0
1,063.0
108,
710,f
l"n
107,3
47, (:
115.V
400. (
75.0
227,1
463.2
1.36,
339,5
6,59.:
61.:
64. i
3.315.4
3.S,S,.1
l.,889,7
13.664.0
2 9 77.0
2. IS 1.3
88,490
72,473
359,108,
64
93.3:
S:,421,9.59>
3,178,93,8;
974,432|
48,726
4,322,368
7.390.6
l,31.S.O
$)03,433 $13,387,232
442,000
890
"Y,626
12,944
.
..
.
.
435'
18,988!
S )uth America
31,341
Indies
300,0
100,0
200.0
500,0
2,383,2
2,689,2
1,978,0
4,364,2
9,842,6
5,513,0
3,167.0
1
.896,5
51,8
21,7
123,5
164,1
195,9
70,6
163,1
.5
82,,;
2,N0l>.2
227 4
636,6
.58,8
2.16:!. 5
4,7(.3.1
.369.,
294,4
225,0
138
1,'^
"
61,7
Total 1906
Total 1905
Total 1904
230,6
162,6
11.310.7
93.1
5,472,0
3„501,n
137,0
23,9
46,9
223,0
40.7
l.'>8.''
83.9
620,0
124,5
1,97(),S
2.2.SS,2
591,(1
8,731,0
275,1
80,9
107,4
1,.529,2
553,0
5,()97,5
231,1
509,1
92,^4
2,290,4
2,357,4
26,5
35,3
161,8
57,7
185,3
77,2
2,2:{7,9
444,2
7,565,0
400,0 1.123.0
250,0
677.6
200,0
314.7
2,599.0
1.972,1
150,6
92,5
43,9
110,0
125.0
2.681,1
1,413,5
123,4
38,9
4,7,38.3
36,3
563,8
177,4
346,0.3,3.
17..567
$965,059 $13,843,0f6
$766,001
8,822,001
909,246 12,197,822
-
$575,441
$51,660
37,496
46,688
606,202-
218,974
Of the above imports for the week in 1906, $6,813 were
Of th(^
.\merican gold'com and $1,300 American silver coin.
were American
exports during the -same time
gold coin and
were American .silver coin.
Auction Sales.
— See
pi'eeeding page.
iVanlunn,
and
'I^tiKiucinl.
Spencer Trask
2,.')r,5,0
1,078,0
.326,4
41.43!>
170.402
896
All other countries
55:i,9
456,5
447,0
282.0
130,5
163.3
448,0
621.0
362,0
$16
!
]vre<ico
3,60 7.7
4.337,9
1.109,3
6,7
...
We 5t
.
3.7 13.5
103,4
54,3
5.1
Germany
In ve*i'tihcnt
We
Co,,
sell and inircliase investseouritica; issue circulars flcscriWiig short-tenii iinrt lonK-terui
high-grade bonds; execute comiui.ssion orders upoji the New Yotk
Stock Exchange and in the tluancial inarltets ol the loading cities.
We also have special repreaentatives in all of the principal cities.
Branch Office, Albany. N.Y.
WiilirtTn
Moffat
2.620,2
1.4'22.2
Tot. Mch. 24 12287,0 14966,7 141364.2 6,639,7 7,0.36,8 12.602.8 .5,7,30,7 I,50733,
Tot. Mch. 17 42287,0,14960,7 1416<i0,
6,380,1 7,418.1 1(), 113,3 5.619.9 154853.
Tot. Mch. 10 12287,0 14906,7 141474.8 6,264,0 7,464 5 12,628,5 5,464,0 15122S,2
&
llanherH.
transact k general lianking huainess;
ment
Moboketi.
FlwJ.
139, isa,,-?
3.t.9ii.7
3,775,9
4,188,0
147,1
2/:-!,.
(}S'\2
1,0 -.^6
Jersey City.
Hud.
148,065,4
168,277,4
144,160,2
1904.
1905.
.
Dry Goods
Great Britain
.
France
s
f.
74 9
53,
Brooklyn.
.
week
first
$2,905,903
Borovgh oj
Borouch .
Broadway
Brooklyh
7,364,0
Silver.
N. Y. City.
Boroughs 0/
Wash. H'g'ts
7,3.59,0
205,205,0
240,531,0 14,274,0
241,718,0 14,244,0
240,550,0 14,229,0
beginning
Dry Goods
\11
Deposit with
and
7,345,0
206,1'22,0
FOREIGN IMPORTS AT NEW YORK.
West Indies
Mexico
South America
Net
ments
200,833,0
1,840,536,8
1,866,688,7
1,681,933,7
EXPORTS AND IMPORTS OF SPECIE AT NEW YORK.
two ciphers (00) in all cases.
plus
4,999,0
4,384,0
4,230,0
62,649,0
54,156,0
55,210,0
23; also totals since
Germany
00s omitted
16,182,0
17,275,0
16,461,0
tlie
results.
Legal
$
2,206,686,2'
—
—
Loans
and
Clearings
C,iTcuIntion
I
Imports and Exports for the Week. The following are
the imports at New York for the week ending for dry goods;
March 22 and for the week ending for general merchandise
.9
Reports of Non-Member Banks. The folloAving is the
statement of condition of the non-member banks for the
week ending March 24 1906, based on average of daily
Sur-
.
1040,838,7 182,672,8 79,722,2 1029, .545.0 50,907,0
1019.579,5 178,668,0 78,278,7 1001,9,32,0 51,4.38,7
1025,4.32,4 180,451,7 77, 6.30, 64008,,SOS, 7 1,50,920,7
1029,333,6 182,424,5 77,207,1 1013,071,3 51,359,7
41,656,0
42,936,0
42,936,0
17.6
24,3
24.1
25.1
26.0
24.6
20.8
23.1
25.7
24.7
20,9
116,472,7 145,655,1 1029,333,6
029,333,6 182,424,5 77,207,1 1013,071,3 25.6
Banks.
Deposits
a Including for Boston and Philadelphia the item "due to other banks" and
For Borton these Government deposits amounted <Jn,
also Government deposits.
March 24 to S2,471,()00: on March 1/ to $2,477,000.
a Total tJnited States deposits included, $11,815,200.
We omit
Legals
•23.6
7,695.0' 24,5
17,731,2 25.7
8,522.0
3,646,0
5,824,2
3,871,3
54,671,0
11,233,0
4,201,6
5,739,7
14,538,5
8,341,6
3,055.1
10.244.5
4,521,0
18,911,0
4,577,0
8,498,4
6,587.4
7,019.3
4,114,0
Specie.
Surplus.
of days.
We omit
Loans
and
Banks.
6
&
aii*l
IMiie SIh..
NVw Yoirh.
White,
meinbern New York r^tock ExchnnB«<.
UAN07KK BANK HUILDINO.
NA8SAD STRKKT.
:<
.-.
IDeaiert tn invcntmcnt Secnriiics.
V*likKkt**¥A\ 'A*i^'fe^> IfextoiiTBtt Iroit cash
AniA.
THE CHRONICLE.
734
(Sa^jette.
iBauliJcrs'
For Dividends au page 732.
Wall
Friday Night, March 30 1906.
Street,
The Money Market and Financial
Situation.
—The
effect
of inliiK'iHcs adverse to cacli other has
been unmistakable
througliout the week in Uie seeuritj^ markets.
Prominent
among th(»se influences have been, on one hand, the impending coal miners' strike and firmer money market conditions; and on the other the exceptionally favorable reports of rai'iway earnings and a decidedly more hopeful feeling
abroad, especially in financial circles, as a result of developments at Algeciras, The effect has been alternate strength
and weakness, sudden changes of tone, and a noticeable
absence of investment buying. Evidence of the inherent
strength of the market, however, is seen in the recovery
made to-day. On the announcement over night that a
strike of both the anthracite and bituminous coal miners
is likely to go into effect at once, or on April 1st, stocks
opened this morning an average of a point or more below
This decline, and more in many
was generally recovered during the day. The latter
movement may be due in part to uncertainty as to the
last night's closing prices.
cases,
extent of a strike in the bituminous regions.
The money market is firmer, partly because of preparations for the April 1st disbursements, and also because the
banks have been losing to the Sub-Treasury and considerable amounts of currency have been shipped to the interior.
Call loan rates advanced to 8% on Thursday, were quoted
at 7 and 73^ before noon to-day, and the announcement of
further gold imports seemed to have little influence.
The open market rates for call loans on the Stock Exchange during the week on stock and bond collaterals have
ranged from 3^^ to 8%. To-day's rates on call were 4@7%%.
Prime commercial paper quoted at 5 J^@5 3^% for endorsements and 5J^@53^% for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £180,125 and the percentage
of reserve to liabilities was 45.12 against 46.63 last week.
The discount rate remains unchanged at 4%. The Bank of
France .shows an increase of 21,175,000 francs in gold and
100,000 francs in
silver.
NEW YORK
CITY CLEARING-HOUSE BANKS.
DiHerences
pom
1906.
24.
March
%
116.472,700
145,655.100
1,029,333,600 Inc.
51.359.700 Inc.
Capital
Surplus
--
-
Loans and discounts
Circulation
Net deposits _
1905.
25.
S
1904.
March
previous week
March
26.
$
115 572,700
115,972,700
137,656,500
132,366,200
1,109,701,700 1,007,863,700
43,059,800
36,936,000
1,150,661,900 1,048,668.500
210.350,200
217,727,100
83,794,600
71,908,900
Specie
Legal tenders
182,424,500 Inc.
77,207,100 Dec.
3.091,200
439.000
4.202.600
1,972,800
423,500
Reserve held
259,631,600 Inc.
253,267,825 Inc.
1.549,300
1,050,650
294.144.800
287,665,475
289,636,000
262,167,125
6,363,775 Inc.
498,650
6,479,325
27,468,875
01013071.300 Inc.
[Vol. lxxxii.
The market for railwaj' and indu.--tnal bonds, which was
dull during the early part of the week, ha.s shown increasing
activity towards the clo.se.
The larger volume of business is
due chiefly to the interest manifested in a few i.ssues, notably
Colorado Industrial, Central of Georgia, Atchi.son and the
Japanese i.ssues. Colorado Industrial, both A and B, are
from 2 to 3 points higher than our last quotations, and the
Central of Georgia issues have been strong features.
Other
changes are le.ss important and about equally divided between fractionally higher and lower figures.
—
IJnited States Bonds.
Sales of Government bonds at the
Board are limited to .$1,000 4s reg. 1907 at 103^,515,000 .3s
coup. 1908-18 at 1043^ to 104^^ and $.500 ditto, small bonds,
at 104:14
The following are the daily closing quotations;
for yearly range see third page following.
Interett
Mar
Periods
.i4
*
1925
1925
This
l8
-Jan
-Jan
-Feb
-Feb
-Feb
-Jan
-Jan
27
'
'
;
—
Railway and Miscellaneous Stocks. The stock market
has been somewhat more active than for several weeks past,
although, as noted above, there is no perceptible evidence
of an increasing investment demand.
The tone of the
market has alternated almost daily between strength and
weakness and fluctuations have been sharp in .some cases.
As a result of the week's operations a large portion of the
active list is an average of from 1 to 2 points higher than at
the close last week.
Among the exceptional features of the railway list is
North West, which advanced nearly 8 points and retains a
large part of the gain; Great Northern, which has covered
a range of 6 points, closing with a net gain of 3, and Reading,
which was strong until it became evident that a coal strike
would not be averted.
A few industrial issues have been notably strong, including
American Ice Securities, Smelting & Refining, Colorado
Fuel & Iron and Anaconda Mining, the latter having sold
9 points higher than last week's closing price.
The tjnited
States Steel issues have been less active than usual and
relatively steady or firm.
For daily volume of business see page 744.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
Bales
for
STOCKS
Week Ending Mar 30
Range for week
Week
Lowest
26%
ol deposits
Surplus reserve
a $11,815,200 United States deposits included, against 811.868 500 last week and
S16.999.S00 the corresponding week of 1905. With these United States deposits
eliminated, the surplus reserve would be 59,317,575 on March 24 and $8,832,250
on March
Note.
17.
— Returns of separate banks appear on the preceding page.
and
4 8220,
documents
payment,
for
4
81?^@4 82M-
Cotton for payment, 4 815^@4 813^^; cotton for acceptance,
4 8210(a,4 8220, and grain for payment, 4 823/g@4 823^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 I9%a@,5 19^ for long and 5 173^c?@5 173^ for short.
Germany bankers' marks were 943'4@94 5-16d' for long and
94 13-I6d(cv94 13-16 for short, and Amsterdam bankers'
guilders were 40/i@40a for short.
Exchange at Paris on London to-day, 25f. 123^c.; week's
range. 25f. 13c. high and 2,5f. 123^c. low.
The week's range for exchange rates follows:
— -Long® 4 8275
Low
8235
® 8250
Paris Bankers' Francs —
High
5 19^^0
@ 5 19H
Low
.5 195^0
19%
Germany Bankers' Marks —
High
® 94 5-16
94M
Low
& 94 5-16d
94H
Amsterdam Bankers' Guilders —
sterling Acttuil
4 8250
High_
4
i
(31,5
High
®
14
8520
(3)
15
17Hd
5
Isil'Aa
5
a 1-16 of 1%.
k 1-lC of
1%.
d 1-32 of
X 1-32
of
-Cables-
4 8560
4 8530
14
1
4
8610
86
4
8570
4 8580
uy,
17Hd
94 13-16 (a 94Hd
94 13-16d@ 94 13-16
40A
40h
Low
Less:
Plus:
-Short4 8550
1
1%.
1%.
@
40a
0}
40(7
I
I
3-32 of U'o.
V 3-32 of 1 '„
ft
The following shows the
rates for domestic exchange on
at the undermentioned cities to-day: Savannah
buying, 50c. per $1,000 discount; selling, 75c, per $1,000
premium. Charleston, 123^c, per $1,000 premium. New
Orleans bank, par; commercial, 25c. per .$1,000 discount.
Chicago, par. St. Louis, 1.5c, per $1,000 premium. San
Francisco, 25c. per $1,000 ])remium.
New York
Mining
AmerBeet Sugar
Alice
1,000
600
175
100
Preferred
Asso .Merchants, Ist pref
Atch Top <fe S Fe rights. 4,888
Atlan Coast Liu«
(Jomstock T unnel
rit^hts
Corn Prod
fi,iiOii
3,360
1st 4s
—
Foreign Exchange. The market was generally heavy this
week, influenced by some pressure of bills and by a light demand; the tone was steady at the close. Gold engagements,
$1,000,000 in Berlin; gold arrivals, $602,943 from London.
To-day's (Friday's) nominal rates for sterling exchange
were 4 83@4 833^ for sixty day and 4 863^ for sight.
To-day's (Friday's) actual rates for sterling exchange were
4 8250@4 8260 for long and 4 8525(^-4 8530 for short and
4 8580 (5;i4 8590 for cables. Commercial on banks, 4 8210@
Mar
•10334 10334 10334
•IO4I4 '104 14 104',
* 10334
10334 •104
•10334 10434 10434
•103
•103
103
•10334 10334 10334
*104»4 'IO434 •10434
regis teredQ- -Feb •132^4 '132»4 132>,
•132'4 •132»*
coupon Q- -Feb •132>« 132^4 *132'4
the pnce bid at the morning board no tale was made.
28, 1930
regi8ter6dQ28, 1930
coupon Q19081918..regi8teredQ38,
3s, 1908- 1918
coupon Q38, 1908- 1918, small. couplQ48, 1907
regie tereaQ48, 1907
coupon Q-
48,
48,
Mar
15.000
ctfs of
Pref ctts of
Distilling of
500
612
200
dep
(U'p
Amer,
pref.
General Chemical
19
100
200
Preferred
Right.^
Homestake Mining
40|
50l
Cent leased lines
Internal Steam Pump.
8,230
Illinois
.
Preferred
Kings & Pembioke
Lehigh <feW H Coal
Morris <fc Essex
Quicksilver Mining
Rome Water ^ Ogdensb
Standard Mining
Tennessee Coal rights...
tJ S Leather
Vulcan Detinntng
Preferred
5,400
400
600
100
400
100
Highest
Sange since Jan
liOwest
$3 Mar26 $3><!Mar26 $2 If) Jan
27 Mar27 2834Mar26 26 Jan
S5 Mar30 85 Mar30
85 Jan
I12'oMar27 112ii2Mar27 lOei^Jan
»8Mar26
>8Mar28
•sFeb
5i4Mai27
.5>sMar24
479 Mar
20o.Mar24 24c.Mar2G 10c Mar
16c.Mar24 16cMar29 15c Mar
17'4Mar28 1734Mar30 17 Mar
o334Mar'28 54 Mar26
5334 Mar
6:^'aMar2^> fi4T8Mar24
60 Mar
78 Mar28 7'^ Mar28 77 Jan
103 Mar28 103 Mar28 lc3 .Mar
ieMar27
•8Mar2S,
sMai
81 "-iMar^O 81'i2Mar2H| 80*20 an
103S2Ma!-29 lu3'2.Miii29 103i,Mar
33 Mar24 40 Mar2'<
28 Jan
S338Mar2^ 86».^Mar28 79 Jau
10 Mari4 lii>4Mar2()
6 Mar
50 Mar24 50 Mar26 50 Feb
18SHjMar28 188'<2Mar28 1884Mar
l78Mar27
2 Mar28
114 Mar
134 Mar3(! 134 MarsO 134 Mar
100
300
150
620
$.-l»3Mar28
$:H»?.Mai28
$3>^.Mai
Mar27
7i4Mar30
eVjMar
12>2Mar26
115(.Mar27
12H!Mar.>6
12 Mar29
2,220
6234Mar24
65kMar2V"
7
11
Highest
$6 Jan
36 Jan
89 Hi Jan
112iQMar
34
Mar
5i4Mar
40c. Mar
30c.Mar
lOUJan
58'sFeb
647gMar
8iV2Feb
10G34Feb
i«i.Mar
83
105
40
Mar
Feb
Mar
86»2Mar
lOi^Mar
50
Feb
18834 Mar
258 Jan
134
$6
Mar
Jan
Mar
Mar 14i4Jan
Jan
60 Jan
9
1
8
15>4Jan
65»i2Mar
—
Outside Market. The only feature of interest in the market for unlisted securities this week has been the general advance in values. Trading still continues light, in fact conspicuously so with regard to the industrial Lssues, business
in this section being confined to a vciy few stocks.
United
Copper common was quiet and irregular and after the loss of
a point to 65 moved up to 68 J^, closing to-daj^ at 673^.
Tennessee Copper displaj^ed strength, rising from 443^ to
Nevada
493^, easing off to 473^^^ and ending the week at 48.
Con.solidated Copper has been higher, going from 17^ to 19,
Butte Coalition opened 23i
the close to-diiy being at 183^.
points higher than last Fridaj^'s close at 35, advanced to 37,
Boston Consolidated Copper advanced
but fell back to 35 J^.
from 223^ to 24^, but weakened to '23}4- Greene Consolidated C()]>j)er from '29}4 touched 'S0}4 and closes at 303^.
Utah Consolidated Copper opened fractionally lower at 28^^
and then advanced to 303^, the close to-day being at 30.
American Can issues were in demand, the preferred rising a
Bethlehem Steel common is up from 263^ to
point to 67.
International Salt
283^ and the preferred from 863^ to 87.
was steady and advanced from 413:^ to 42^. Mackay ComStandard Oil from
panies from 59 has mo\'ed up to 613^,
Interporough-Metropolitan issues
658 weakened to 6503^.
State and Railroad Bonds.
Sales of State bonds at the gathered strength as the week closed, the common selling up
Board include $47,000 Virginia 6s deferred trust receipts at from 50% to 523^. The preferred moved up a point to 88.
Outside quotations will|be found on page 744.
24>^ to 27 and $10,000 Virginia funding debt 2-3s at 94M.BD
—
.
STOCKS—BJeiiBBT AND LOWEST SALS PRICES
Monday
March i'6'
92 «8 92
103 -4 103
•164 155
llCsllO'f.
943v
93
10359 104 'h
153 164 h
Tiiendav
Hatch 27
W ednesdait
'-8
March
Thursday
March 29
STOCKS
NKW YORK
fndav
March SO
Sales
83%
83
*83
172
86
97%
84%
96
86
•83
97%
83% 84%
•95
85
97
8434
86
85
85
172% 171%17238 171%ll72'i
•66'8 68
'66%i 68
•66% 69
217% 217% 217%217% '216 220
222
»8
58% 59
58
fi83» 69%
58
58^
30 32
•30
32
?35%
;-t2
•75
781
•75
79
78% 78%
79
1713<17'2»2
*66»8 67 ^
•216
58
30
•75
20^8
2034
2034
14
37 14 37 \,
17414 n4»i-
.
12S:
•28»a 31
6
6^
•.;68
264
270
188
190
184
188
190
*11
12%
•28%
303^
6%
6%
187
*11
70
70 14 70 ^
•50%
5134
Shares
440
63a
19%
165
*99
20^4
4138
22 14
21%
213j
43
42
42
4234
4234
43%
77 S)
G8
80
95
77%
7734
6734
68
•76
•85
S17
80
*76
172
•67%
•6634
216
5834
•30
75
2058
84%
6^'
225
59 14
33
78'-.
12
•11
12
6% 6%
20
20 H
99%103
203,
100
440
45
*87
460
45
89
99% 99
2058 20
42
42
43% 45
78
79
69
70%
•76
80
•85
95
320 321
87
•99% 100
'^87
20%
••'8
42%
44
78
78
6834
•76
'85
80
95
318% 324
205b
4134
4-3
319
6834
80
95
323
265
Do
•3534
*82
•113
83
115
•93% 95
•170% 172
313*
57-,
20%
Brooklyn Rapid Transit..
8.5
Buffalo
172»e
6«
313.
673.
37
'82
83
113 115
'*93% 95
•82
115
171% 17-2%
171% 172%
3] 34
3134
58
58
*52% 56
•52% 56
•82
83
120
94% 94%
31%
67
'11634 118
34% 34'f
70%
/
Canadian Pacific
'
''an.ada
84
28^8
28% 28%
»55
•35
28% 28%
58
58
5858
8t>
93
*70
75
83
6834
60
56
S234 83
•28
28%
59% 59%
37% 401,
58 5^
37
•35% 37%
•86
93
•86
93
72
72
•71
74
3634
31% 31%
*67
64
60
*86
93
217% Central of New Jersey...
58% 69 Chesapeake Ohio
ife
•30
33
78
75
20%
Chicago
Do
w,
157% 159
71
71
71%
•110%112% 112
112
•112
112
•24%
•140
24^8
150
7334
2439
141
•*73
7334
•94
*94
99
161% 164
161%
176 177% *175
35
35
35%
.
72%
9438
•140
•39
•20
72=8
9434
145
40
21
72%
95
140
*39
•20
143
14234 14234
67% 68
•115
•84
•198
71%
112
114
•115
85
*195
50
88
158
*72
74
150
77
99
163
177
71%
7136
24%
24=6
•141
72%
72*8
21
145
120
86
200
160
74% 74%
*94
162
•175
3534
35
9C
145
40
158
150%1£*%
184
238
270
188
188% 188%
11
Do 4 p. c. debentures
Do 5 p. c. pref. "A"..
Do 4 p. o. pref. "B"..
12
Do
713.
•99% 100
2034
21
42% 42%
44% 44''8
78% 79%
70% 70f^
•76
•85
320
34%
Do pref
Chic. St. P. Minn.
Do pref
9 4 '8
*140
*39
•20
144
7434
35%
725e
'7134
163
177
96
145
95
•140
I6I34
176
3538
7238
96
145
•39% 40
40
21
145
68% 69
•115 120
•84
86
•195 200
75
99
-20
144
69
21
14534
Om.
<fe
Chicago Temi'l Transfer
Do
pref
3434 Colorado
Southern
<fc
6938
'^69-'8
•99% 100 Detroit United
•2058 21% Duiuth So. snore
37
116
96%
172
80
322% 318
96
322
85
201.
371,
19%
197b
37
39
81%
aj81
11834
11834 119
9534
17234
3134
172
95%
Do
41
95
•71
74
96
172
*7l
150
150
pret
17,'200
Bay<fe W.,del). clf.A
Do
deb.
B
ctf.
2,000
4U0
pref
2,000
Hocking Valley
Shore
&
1.^
Mich. South'n
74
Long Island
151% Louisville & Nashville...
158
Manhattan
Certificates of deposit..
114% 116
24^8 26% Mexican Central
141
7434
75
160
75
Michigan Central
&
Minneapolis
St.
Louis.
<fc
150
143
•39% 40% *39
*20
•20% 21
148
40
Nash. Chatt. & St. Louis
at.of Mex, non-cum.pf
Do 2d pre!
21
145»4 a;14234 I445t N. Y. Central <fc Hudson..
70% 69
St. Ijouis...
7034 N. Y. Chic
146
71
70
115 120 •115
8534 86^8
87
•195 200 n99
&
120
873.^
*115
•85
120
88
Do Istpret
Do 2d pref
N. Y. N. Haven & Hartf
199% 198 20034
60% 51% 50% 51% 50% 51% N. Y. Ontario Western.
8734 88
88 5j
873* 88%
88
87^8 8834
88
87% 87 '8 Norfolk & Western
•91
93
Do adjustment pret.
92% 92% 91
92% »91
92% •90% 93
•90% 92%
216%217% 217 220 H. 217 219% 218 21934 218% 221
217 22034 Northern Pacitic
116 116 •114 118 114 118
115%116 •115 118
11534 116% UaciHc Coast Co
.
•102 108 102 108 102 108 •102 108 *101 108 '101 108 XT Do Istpret
•112 120 112 120 113 118 *112 120 113 120 113 120
Do 2d pref
137% 137^6 1373^138% 13758 13834 13734 139
13838 l^iJ
138 139 Pennsylvania
60%
50
•37
'37
79
105
131^8
«91
-96
40
79
•75
•105
5034
503^
40
79
•37
6O34
<fc
38
40
81
42S,
•38
44
•42
42
Peoriaifc Eastern
•79% 81
79% 81 *79 81 Pittsb. Cin. Chic. <fc St.
108% '105 108% •105 108% 106 105 •105 108%
Do pref
136% 133% 136% 13334 135»4 134% 135% 13234 135% Reading
*91
91
9134 92
92
•91% 92%
Istpret
•91% 92
*97
97 99 •96 973. •96 97%
2d pref
98
98
2534 26%
2758 Bock Island Company
26% 2634 2658 2684 26% 27% 27
6738
66% 66% •66
66»4
Do pref
66% 66% 663* 67%
108%
IS:!*^ 132^8
91% 91%
•97% 98
26% 26%
•65Ja 6634
'
it
•66
'65
68
46% 46%
185
24
•23
•54% 653,
67% 67%
117-'4
117 3^
40% 40
«(
10134 102
32a«
68
46% 46%
•
165
23%
54% 54%
67% 67 '8
117''8ll8
40^^ 40't
102
32',
•67
46
•165
2334 •23
185
102
333b 3334
•5459
•66
70
'165
24%
6534
67% 67 'e
118
118
40% 41
102
68
46% 46%
46%
186
102
33% 33%
185
•67
70
46%
'165
473»
185
•23
24%
23% 24
55% 56% 5434 66%
67% 68% 6734 68%
118
40%
lis
40''8
10134 102
33%
3334
68
47
165
'23
6834 St.
47^8
185
24
K&S.Fr.,
Do 2d
Do
50%
675a
69 3|, Southern Pacific Co
11778 118
4058 4136
118
101 '8 102
102
Do
118
40%
40-'4
pref
pref
9outhernv.tr.
102
Do
M.
96% 96%
•33% 34
1st pref....
pref
C.<&E.I.com stock tr ctfii
St. Louis Southwestern..
54''8
stmped
do
cIs.
pret.
& O. stock tr.
33% 33% Texas
<fc
2'.'
200
500
1,100
1,630
83
82
28
5734
31
Jan 2t
Marly
Mar23
Feb2o
?o7%Marl3
Jan
15
7638.T.anl6
83% .May 91% Deo
76% Jan 96 % Deo
1134 May 2234 Nov
21 May 4634 Nov
37 % May 5234 Aug
7479 May 86%, Aug
56% Jan
fa
200 67 Jan
26,100 144 Mar
300 165 Feb 28
65 Feb 2
V4 iLar30
3,900 70% Mailil
Feb2 127 Jau 16 114 May
300
2,300 112 MarUi 11 639 Mar 3
26% J an 19 18% May
17,450 23 % Mar
80 140 Mario 149 Feb 26 n30 J'ne
84^4 Jau 11 56% Jan
900 73% Mar
50 9/ Feb 7 l^<'0%jan 3 86 Jan
7,390 141% Jan 4 164 Mar24 89 ij Jan
950 170 Mar 1 I8334 Jail 11 148 Jan
8,710 t33 JIar 5 ^0 -'8 Jau 12 24 .May
6,500 68 Feb 28 7438 Jan 18 66% May
18,500 93 Mario 10634 Jan .JO 94% May
142 Feb 20 149% J an 12 137 Jau
3734 Feb IB 41 Marl 4 33% May
19=8 Mar 2 -^34 FeU24
1734J'ue
17,200 141%Mar2l li^^'^jau 8 13634 May
72 "^ Jau 20 42 Jau
9,700 69 Mar
119 Jan 16 l'-'0'8Jau27 114 J'ly
1,500 SI Mar 1 yi^4jHn 9 74 May
-04 78 Jan 19 «iyi«34 Deo
113 197 Jan
»7'4 Jan 2.
40-38 Jan
8.100 48% Mar
9,100 81 Feb 28 9o%ifeb 1 76 Ma\
96
90%
8
6
Mar
100
Jau
91% Feb
232% j<'eDl4 165 Apr
37,240 199 Jan
700 103 Jau 10 .':l-'^3 Jau 20 78% Jan
105 Jan 5 106 Jau 29 100 Jau
106% Jan 10 l'-2'^''4Jan20 85 Jan
74,807 136--'8Mar21 l-i7%jau23 131%May
3,900 38 Mar 5 •16% Jan 15 27 Jan
78 i('eb2» «7 Jau 24 70 May
100 105 Mar S 108% Jau 24 105 Feb
j;164 Jau 23 a;79
627,900 126 Mar
Jan
540 89 % Mar 1 yii Jau T^ 90 May
yo%Jan 2 102 Jau 20 84 Jau
2 134 Dec
32',6o6 2333 Jau 3 28 % Feb 6
7,800 61% Jan 4 6'"58Fcb 6 60% Nov
21 Feb27 i7 Jau 12 12 J-nt
62 % Jan 2 69% Jan 12 46% May
30 Mar 2 10 Jau 12 2o J'ne
300 60 Feb 26 72% Feb 6 d7 Dec
5,200 45 Febl
61% Feb 6 45 Dec
190 Jan 3 190 Jan 3 175 Jan
^7 '8 Jan 19 20 May
1,900 j?03i Jan
}jl
Jan 15 56 Nov
2,900 "^3 Jan
5734 .May
7ojau2-.;
108,300 64!% Mar 6 72 7„jan2-.;
1,5931 IV Feb 28 11879 Jan 19 11534 Jan
May
59,870 3534 Jan 2 42% Jan 26
Apr
1,975 99 Feb 17 103 Jan 16
160 96 Mar23 99% Feb 3
Apr
4
393^
32^4
2934
J an 24
Apr
3,100
Jan
"'8
ctffl ...
Pacitic
Aug
7838
Jan
63 J'ly 75 Aug
96 Aug
Feb 6 85 No
Feb 9 236 Jau 335 Apr
92% Jan 22 83 Feb 90 Jan
23 % Jan 19 17 May 24%J'u©
40 Feb
15 Apr 38 % Deo
84 % Jan 30 50 J'ne 82 Dec
120 Mai 27 86=8 Jan 121%Deo
9o76jan 5 90 Jan 97% Nov
182 Jaul2 15234 Jan 183 Sep
3434 Jan 12
24 May 32 Feb,
63*4 Jau 13
50 May 61 Dew^
58 Jau 3 29 % Mav 5834 Dec
84% Feb 7 Sl-'isJ'ne 87 Oct'
37"8 Jan 6
2 2%.May 36% Dec
71 Jau 6 62 Jan 70 Feb
44 7g Jau 12 28 14 J'nt 47% Dec
59-% Jan '^5 91 J'ne 106 Mar
J290 Jau «350 Mar
813, J.an l(j
50%>lay 73 7eNov
156% Jau 19 el34% Jan 157 •% i>op
162 Jau 26 L61 May 175 Feb
75% Jau 15 68 58 Nov 91 Mar
76
88
348
—
fc
St. Joseph <&Gr'd Island.
Do Istpret
Do 2d pref
• 165
»-
700 93 Mar 6
2.210 1H5 Mar t.
3,7 UO 29^8 Jan
1,562 66 M.irl9
l,74i> 62
Mar 1
pref
lUmois Central
Do pref
99
?93% 93% •94
161%161% 2:15734 159% Minn. S. P. S. S. Mane.
175 176 il73% 173%
Do pref
35% 3558 3434 3534 Mo. Kansas & Texas...
72
Do pref
72
72% 7234
9434 95^8
94% 9534 Missouri Pacific
140
48
Havana Electric
Do
Mar2l
66%M.ir2l
75 Jan 8
88 Feb 6
283 Jan 5
92% Jan 22
19^8 Jan 4
33% Jan 19
77% Jan 15
113% Feb
76
_
Elevated...
etrop. Secur., sub. rec.
Certii Gates of deposit..
74
72
11334 11334 Metropolitan Street
71% 72%
74'4
4.900
3,400
58 Kanawha. & Michigan..
83
C.Ft.S.<feM.,tr. cts. ptd
28% 28% Kansas City Southern ...
5S% 58%
Do pief
'^7% 40 Lake Erie & Western...
-87
95
Do pref
1503, 16 134
25%
Atl.
Great Northern, pret
Do
86% Marl 9 91% J an
100x93% Jan 11 102 Feb 9
22% Jan 11
6,600 16% Mar
7,30C 36 Mar 6 45 Jan 11
87,060 4 1 % Mar 5 5078 Jan 16
57
•82
28% 28%
58% 68%
•39
•89
'.i
217
31% 31% i-owa Central
68% 5334
Do pret
57
83
82
'-'•/
& Terre Haute..
Evansv.
Highest
Lowest
,
42
Do pref
43% 4434 Erie
78% 78^8
Do Istpret
69% 70
Do 2d pref...
31%
57% 58
5o
&
Highest
Loxvest
75.720 8K58Mar 1 96 '8 Jan 13 7759 May 9339 Mar
6,540 102 ]Vlar20 106 Jau 3 99 J.an 105 '8 Sep
3,7oO tl54 Marl9 167% Jan 20 120 Jan 170 Apr
Aug
13.1-i5 IO834 Mar 5 117
.Tan 27 100% Jan 117
96 .Mar H 99% Jan 5 91 Mar 100 Aug
Nov
2
Feb
17
Mav
9
1
78%
94%
Jan
'3
5678
%
I78'i8i
200 S3 Jan 12 87 Feb 8 84 Dec 9i:'8 .May
Sep
17734
177%
M.-ir
5
Jan
19
18,200 1673i
130'4 Jan
67% Mar 5 70% Jan 8 67 Xov 7434 Aug
236
Oct
212
Feb
19
231%
22
Mav
,650
Jan
190
1
32,770 5434 Mar 5 6.;% Jan 2;i 46% May 60% Mar
44
Mar
30
38%
Jan
Jan
4
15
Dec
12
10
30
20(1 74% Jan 10 80=8 Jan 176 Oct 8334 Apr
211
2353
Mar
20
26%
20%
Feb
Jan
May
4,650
17%
100 84% Mar -.'2 86% Jan 17 8334 May 89 Sep
200 75 Jiin 10 80 Jan 31 60 J'ne 78% Sep
29
May 37 % Apr
1,300 34 % Jan 4 39:^8 Jan 22
37,800 172%Mar21 193 Jan 2 J 1G8% Ma\ 187% Apr
182% Jan 192% Apr
100 182%Mar21 196 .Tan
26,500 220 .Ian 4 240 Jan 15 al90i^J'ue 249 Jan
400 2.50 .Tan 15 270 Mar30 234 Jan 265% Feb
100 183 Mar 8 198 Jau 15 150 Jan 226 Jau
100 188%Mar30 202 Jan 15 195 Jan 230 Jan
20 J'ne
12 Feb 23 18% Jan 19
734 Jan
28 Feb 23 4234 .Tan
17% Jan 42i.iJ'ly
13 'a Feb
5
Mario
J'nf
1334FeD20
6
6.100
Feb
3034 j'ly 64
6.71L 16%Marl6 46% Feb 21
111
Mar
96
5
15
10975Jau
.Mar
90 Jan
9,500
115% Feb 20 118 Jan 23 115% J'ly 12134 Mar
Apr
37
30%
29
Jan 24 22% Jau
% Jan
15,050
73 Feb 9 52 May 6978 Dec
Jan
3,151) 68
5634 jau 12
32 % May 65 Deo
1,000 48 Mar
229% Jan 18 178%.May 24034 Oct
5,300 202 Mar
47434
440% Marl b
Keb
336 Jan 498 % Oct
10.000 38 Jan - 5178 Jan 26 27% May 3934 Dec
42
•76
80
95
25% 25
n42%14'J% •141
•94
161
175
35
St. Paul.
<fc
2438
^"^
&
pref
Chicago & North Western
114%116%
157% 158% 157% 157% 156
7134
Alton
175%1775e Chicago MUw.
184
236
268
184
•110%11234 *111% 11234 •110% 110%
112%113
113 114% 114 114%
2458
67% 69%
120
86
201
14959151%
15038 15034
<6;
pref
20'e Chicago lireat Western..
•84% 86
•75% 771..
3534 36%
L.
149^8 1603g
15734 15734
Southern
Do Istpreferred
51
61% 51% 60
Do 2d preferred
208 2O834 206 208% Delaware & Hud.son ..
445 465
West'n
440 465
elaw. Lack.
46% 4334 44% 46% Denver & Rio Grande. ..
87 88
•86% 89
Do pref
70
82% 82% -81% 82%
3134
•82
37
'118 120
9434 95%
17134 172",
•52% 56
•82% 83
•27%
37
*33
Sn.sque, pref...
<fe
*28
•28% 31
31
Do pref
6
6% 6%
6% Chicago Union Traction
18% 20% 18
19
Do pref
102 102 14 100% 101^8 Cleve. Cm. Chic. & St. L
20%
•35% 37
•3534
37
pref
873,
Green
19 ^8
Fe
216
21
275
186
190
•28% 31
634
'440 465
4434 45*8
*85
318%
12
ten. Topeka<feSanta
97
83
17134 17214
187
•50% 51% 51
51
206% 209
207% 209'
100
42'!8
187
-11
95
85
85T8
190
•11634 118
11634 118
33% 33^8 3334 35
•70
70% 6934 70'
51'-,
46%
86% 87
•89% 100
673*
100
70%
4334
•4312 44 Si
•SeHj 88
•77
9?
"
270
2
A
'4
96
85
83
184%.184% 184
•28% 30
20678 208
•20334 207
263
93% 94
943t
2
19% 19% 19
203e
98'8 98'e
99 101
'11634 118
»116»4 118
3334 34\
33^4 33'?
61^4
20'
2058
203^
93%
Hanqe tor Previout
Manfie tor Year inufi
0/ 100-shareLots
Year fWOS)
On basis
Week
EXCHANGE
Do " pref
103% 104% 103% 103''.
164% 155% 154% 154% Atlantic Coast Line RR..
in%112% 111% 111 Baltimore <& Ohio
8li
•84% 86
86
85
•75% 77% •75% 77'
77% 77%
37%
37%
37
37%
36%
37% 37% 36%
1755gl77
1
174% 176% 175 176% 175% 176-S
182% 186
182% 185
'182% 184% 182%185
236 23734
2323g 236
_
231% 236^. 232 234
^^^.
•182 ^a 184 "i
230 232
26-t
31 '0
• 255
184
•184 188
'185
187 lyo
•U
2034
207f.
•84% 86
77% 77%
•84% S6
• 77
111%1 \\\
lll%lll5h
110% 111%
*il6
*g^j
933^ 94%
9338 94%
104 104», •103% 1 04%
154 -^8
165
154
1
155
01
the
STOCK
KailroaflH.
825,
,
Stock Exchange— Stock Record, Daily, Weekly and Yearly
OCCUPYIN<i TWO PAGES
New York
Saturday
March ^4
.
Aug
26" Mar
133
155
.\ug
8434
106
145
173
39 %
73
110 78
158
46
Oct
Oct
Dec
Deo
Nov
Aug
.Mar
Apr
J
an
24% Jan
Mar
I6734
76 '4 Dec
122% Jan
95
Dec
•J
2 16
Sep
Mar
88% Mar
viO
Aug
216% Aug
04
109% Oct
Feb
Oct
108
109
148
4834
S734
112
14334
Aug
Apr
Mar
Mar
Nov
97
bep
101
37 7g
Nov
Jan
85 Jan
25 Deo
66 Dec
35
Dec
81% Mar
73% Mar
194% J'ne
27% Jan
6658 Apr
72
- '8
„ t
ob
122% Deo
38 Sep
I 02 % Sep
100% Aug
41
Mai
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
Aetna
America
215
630
265
760
140
Chatham
...
Chelsea Ex c^
•
t
Bid
180
Ask
4200 4300
Citizens' Ctrl 135
205
515
Amer Exch.. 255
Astor
660
Battery Park 130
Boweryll
325
Batch's <& Dr 175
Century II
175
Chase
700
^1
Banks
Chemical
NEW TOBK
City
267
Coal & Iron. 245
Colonial 11 ... GOO
.. 400
Commerce... tl80
140
273
255
Colurabijili
Consolidated 160
186
165
186
185
C'ruExchgel
375
316
Fidelityll ....
Discouutll ... 150
E.ast River.. 150
1
Bid
Bonks
100
200
Banks
Bid
Ask
InterboroH.. 162% 175
796" Irving
240 250
Jeflfersonll... 195
Liberty
500 520
Fourth
t217
Lincoln
390 410
1500 1750
Gallatin
600
M.anhattiiull. 300
310
Giirfleld
German Ami] 166 175 Market ifcFul 265 275
Meclmuics'
275 2.H5
German Exli 410
Moch & Tral, 165 175
Germauiall .. 500
•295
Mercantile .. 2 CO 270
Greenwich
Mercli Kxch. 170
175
H.imiltonll .. 210
.Merchants'.. 170
510 620
174
Hanover
-Metropolian.
too
liii]) ifc Trad. 575
600
.
1]
Fifth AveH.. 3800 4200
Ask
340
Fifth
First
770
14thStre6tTI. 200
Bid
Ask
Ask
Bonks
Park
MtMorrisll.. 216
Peoplo'sll
490
300
500
180 185
Phenix
300
600
Plazall
202 212
New Ainster 450 490 Prod Exchll 170" 180
280
Kiver.sidell .. 250
New York Co 1200
Mil
N Y Nat Ex. 205 ;no Scaijoard
700
New York... 315 320 Second
1.S5
175
Leth.
Shocfe
191U Wardll. t3lO
1700 2000
St4»to1|
North Amer. 290 316
Street..
205
34th
Northern
tl67 ilb7%
12 111 Wardl). 225
Oriental!!
200 ^;70
23d W.irdH.. 150
Pacitioli
240 250
State baukSc a Kx-divulend and rlglits. bNew atock.
Bid and aaked prices; no sales were ma<lo on this day. { Less than 100 sh; ires. % Ex-rights. 1i
Exchange or at auction thia week. «'Xrust (Jo. cectltlcatea.
h Assessment paid,
Sale at Stock
Bonks
Metropoli'nl] 180
Mutuall
Nassau!
n Sold at private
sale at this prico^
736
AND LOWhUT HAhh
tirOCK^—HlHHh.S'l
Moiiitau
Satxtrdav
March ?4
•132
March i6
138
34
•34
3G
5434
643,
Q7\t
92
•S4
22 la
80 14
•37 14
•18 H.
•42 W,
•25
136
35
36
55 Uj
116'4 U6I4
I16mi634
1523.; isi".;
i52\
i^.^'e
96
96
95
9734
9714
9734
9734
9734
92
92
92 14
92 ><
92 »4
i-i
'4
8634
223,
23" 23"
51) I4
oOVj 51
3714 37 Hi
19>2 20
.42
44
37
20
45
26
>i!
27^
27>4
6634
67 14
•247
March 28
ytiVi
i5-i-\i52''B
•as
yveanf^aa^'
•54V,
5434
5434
llti^
'/i/z-siiau
March 27
138 •132
•34
35
36 '4
36
'132
•34
36
3t5 V,
116
56 Hi
35
34
•43
•25V,
2708
56
2734
67 "4
S>
i63i4i5'5"
95
96
97 14 97 V,
92 V
92
i54"8i5534'
•247 255 •247
•247 255
213,
22
22 ig
22
21''b 22
5634 58
58 V,
58 "i •5634 58
105 '8 106 "t 106 108i2 loo'siog^ 10778
•27 '8 30
2734 27^6
28
.'."'^
•
•
97
97
97
42
41 >, 41 14
424 43
4 1 'a 4 3
•101
lolH, loi^ii'i''^ 101 s 10134 10 lie
34
31
3334 333.;
34
34 V,
Si^
•90V2 93
*92
«93
i>-S
'90V 93
•225 235 225 235
•225 235
'225
*1H
35 "4
463,
•203^
9V2
7'1
S
3534
471^
22 -i
•205
•100
412
2'Zb
;!5
5U'''b
23
47
6838 69 V
?n8
ii.«
l()0l8l"0-''8
159 14
122
225
110
I2I4
45I4
12
138
•136
•130
4534
46
46
1-J3
140
140
139
I:.i8i-jl40
V.,
I2I4
4534
140^4
•135
140
-13814 139 Si
•lO.-iS..
104Si
104ifll04'v
42-->4
43
42 u, 43
139
140
139
"9
103i2lu:5i-j
42
42
•107 108
2d4'2^66
131 131
107
266
130
--2
107 V
lu6
272I4
270
132
132
16
-53
15
*53
-50" 'si"
l^'Hi
10-^
116
1,
271S2 273S.
132 132
•16
16=4
•53
54
64
44 -'8 45'<(.
104 Si 104 S2
63 Si 6536
-85 lUO
1934 21
147V,l4y38
59''^'",50"i;
'6034 'tii^a
"6"li4 "6'2''%
86
180 185
104 V, 104=8
16/18 167 "4
180
104
•-.
—
.
•170
•103
86
178
10412
'eo* 61
86
»
•
i78"'178
104^.1
22^4
•J236
103 W
1661s 167
23Vj
hl-'a
84 3„
•16616 108
22 V,
2356
86V;
86
Se-'ig
7II4
71 '2 73
64^4 0434
.J4S8 *^534
,t54?
68^4
6S
t)8'''i,
lib's 116', •llo'sll^
71
65
7l»4
OS's
68^4
22
X5
71H
14
S2
683h
I1518II8
l.-V;
16
15
15
•83I4 86
•83
86
"4
80
821-4
82
807g
103 103 k *103>4 104
•I03I4 104
^06 153 'fc 148 15334 151 I5414
ayi: yyi?
9sj3gioo
9934 100
44 v, 45 14
**,
44 14
44 li loV,
/J^i"-* 94V.
95
95 14
9534
90
•14
15I5 *14
*14
15
15
'*o4
58
*54
60
•54
58
•5134 SiH
v,
52
53
5234
52 14
:i5
••83
15
35
,^^2
80''4
4434 457;,
10434 10434
167*4 169
2278 23 S/
8618 8618
•7934 73
65 14 65=8
a;6634 6634
98
240
5d
•lO^i-jios
•28^4 vy
US>2
29
Si
9934
9934
10034 101
56
102 Si
.191^
240
56
103
114
11234 UiV
14S M 146 146
7;.i4 '(5I4
vJ
-•147
-76
.^«"
41.I4
*ai
*liJ
r«&i4
•*2o'.j
W134
.'52 7g
113
11=8
v:^
93
125
8/
84
y2
r,^,
*233
•158
•150
Si
5'ji<
531.J
83-'8
.sa
S3'78
39^8
,j|)
105
'-2
4ii-'v
1061^4
(151V,
5)
ys
165
*138
116
45
250
93
167
is.-,
*
1
250
-92
26
03
113mi3V2
liaij •114
40
45
-45
46=8
yj
•25 S2
-61Sj
-JO'S
105'S 10534
-50
5.^
•Il4
78
130
'118
li;ii4
«234
3u3g
1^^4
•77 14
4638
•91
4t;3^
V.,
'234
•92
S2
y934
44
95
Si
Si
15
60
53 Si
97 V.;
52 S2
•97
•237 240
06
56
102 Hi 103
2834
lOi
56'4
255
22 18 22 Si
-57V, 58 Si
10734 109 I4
27 7e 281*
?97
97
43 Si 44 V.
i01-''8l02
34 14
9I4
•734
34-2
92
230
'd\
8
35 Si
1
'hint
Week
Avenue
130'-,
(N. y.)...
olertoBiiilwHys&Llifht
S.
w5
76
3034
102->4
"78" "78"
463^
93
4'j
-91
118
130
4
77 14
Si
46I4
•91
'118
0"f
10514 106 Si
50^8 50 14
11434 11434
47 V
93
93
130
-851a 88
27 Si 28
87
*26V2 28
63 Si
63
5538 56 14
11334 114 S,
63
54 V,
14
106 S
51
45
66
51
Si
511.,
114V,H4V2
114vll4Si
45
4534
44
23614^^240 •23-4
•92
93
92 S2
•loS 166 •166
1.50 IK.n
63=8
V,
114l4ll4-=8
84 Vi H434
4034 41^\
10618 106 =h
843^
41
14
*91
'lis
13.)
'S5V.
84
40
105 '2
50 S2
78
11
1114
7734 7734
47 Si 47 7e
"77"4" "77'3^
•85 Si 87
25
2634
•62=8 63 14
55 Vj :,7
113Sjll37t
84 S
84
3934
77
Ji la heat
34=8 I
"iiio 32 '4 Jan y 3., Jan
36'4 Tol. St. L. & W. v. ir. ctff
1,200 .'-> .Ian 5 40->Jan
55I4 55 14
1)0 urer. vol. tr. clfw.
Mar 9 597g Jan
1.2 11, 51
II/34 119I4 Twin City BapiiJ Transit.
2.400 116 Feb 6 122 '4 Jan
J>o pref
"3 liiO Jan
i53sl ib'ii'i 1 Tnion Paciilc
414/i50 148" Jan
• 93
vJ Do pre/
96
400 95 M;,l2ll 99i4Ji>n
96 4 9734 UnitUys Inv't of San rran
5,410 88 Si J an 2 98 Jan
-91=8 92
Do pref
3,843 87 .Ian 2 93 s. Jan
85i4.l»u 2 87 S; Ian
Uuite<l Ky8 0tSt Lou. prel
23"
50
37
•19
5034
37
Si
»'
Do
pref
Western Marylaml
Wheel) ne A Lake Krlo...
Si
20
•42
45
Do Istpref
•25V, 26V,
Do 2(1 pref
27 1« 2734 Wisconsin Central
Do prer
36Si 57
InciuHtrinI \: lUiticell
•247 255
Adams Express
22
22 '4 ii- Ilis-Clialnier.s
58 Sj 58 Si
Do prel
107 108=8 AraalgamateriCopper
•27 Si -ii^ Ainer ARficult Chemical
*
Do pref
96Si
4234 45I4 American Car & Foauilry
102 10
Do prer
34
34 American Cotton Oil
*92
93
Do praf
•225 235 American Express
•914
-734
American Ora-ss Twine
iUner Hide & Leather
y-'4
8
*34
34 'g
513,
.9
241
95
2
18
17
13
5
26 Si Jan 24
3
3
53'^ Feb
2
4,"iV,Feb
3,600
55
Mar
Si
64
2
G
Feb 6
Jan 17
Jan 15
45
Si
235
250
92 V,
166
158
185
•
45 Si
Si
9214
250
Do pref
"8"" '84"
Oloss-Shelheia
-^75
*J
'
DO
..
54
114
83=8
55
114=6
84-\
39 7g
40
'8
St. i& Iron
prel
235
106 129 .Tan
1,100 04 7g ;i,j
%!l/'ell3
Fargo
li;
Co
C
92 14 -9134 92 V, Vt est'n Union Tele'gph
166 •158 166 West' gh'se E 1 & Al Ig assen
•
Do Istnref
185
185
2
2
2',
.J
800
735
14,900
lOu
r,io6
prel
900
39,520
United States Rubber
4,370
Do Isi pref
2.40(1
Do '2A pref
3ly,0e6
United States Steel
83.263
Do pret
Virginia-Carolina Chem..
3.725
1,000
Do prof
-250
80
J'ly
'<5
May
24
Maj
43
30
7
Si
Nov
>ep
14
Kelj
Nov
Dec
Ma> 1934 .Mar
May 48 Feb
May 28 Si Mar
Apr 33 4 -Vug
Jan 04 Si Oct
1
-J
1
10334
Jan
122-,
5
24<4
Dec
Dec
26
120
110
210
300
300
.j:ll>5
jaul2
83
-4
.fan 24
lu'^
Janl9
10.sMar20
Apr
Nov
Nov
Nov
'4
35
130
1*
Dec
Dec
Nov
Dec
18-'8.\Ur
678 J'ly
67
J'ne
Apr
V.
133
May 1543gUec
May 141 .-Vug
13
Dec 148V. Jan
1
91 78 Jan lOO'aD.'c
20=8 Jan 471* Nov
93 Jan lo-sSiMar
1 00 Si .Ma^ 295
Dec
175 Dec i;215 Feb
1078 Jan 22-2 Deo
50 Dec tio Is J an
40 Sep 47 '8 Oct
102 Si Nov lo57g.Noy
38 May 59 .Max
80 Aug 105 Mar
11 '4 May 20 Dec
175 Nov 214 Mar
......
i;34'8
76
60
76
1G9
....
54i8DtC
May 89 Si Feb
Jan I45 Nov
Jan iOSiNov
Jan
1
May 192
25
ISi* J'ne
.Mar
Dec
'4
76 ^ Feb 8S '4 Lee
48 Oct loo Feb
10 Jan
De/52 Aug 69 Si Dec
110 Aug 120'4 .Mar
11 Aug 3118 Apr
M
80 Aug 94 Apr
24i4Jan 89 Si Dec
97=8 Jan 115 S> Dec
140
95=8
May
Nov
1
Nov
Apr
6834
107
Dec
97i4Mav U5S,Apr
33
M:i)
5. .34
12i« riy
21 .May
SO '4 -May
0834 Dec
45 1« J'ly
33 w, Jan
87 Feb
230 Mav
30 May
93 Jan
15 Jan
67 Jan
24 Mai
94 Jan
60 Jan
100 Jan
101 '-.Oct
25 X
.A.ug
63 ^2 1 )ec
u'O Nov
33
I06
4
'g
1 '4
US'.jFeb
130
F'eb
Dec
Dec
Jan 148
37 Si Jan 66
8=8
J
ue
Ian
19 78 Jan
79*4
15
Si
82
-4
Oct
Dec
48i4Dec
68
.Mar 6
Dec
Dec
Dec
109'B.-vpr
68
84
J an 18
^3 Jan 17
91i8Mar22 96 7g Jan 24
?115 Mar 3 138 V, Jan 26
84 jiar 5 94'-., Jan 20
24 Mar 1 34 Jan 2
00 Mar.'- '1 Jan 4
4^34 Miir 1 08 v, Jan 22
108 j,obi9 ci^l5 Jan 15
79 (g Feb 8 xSi -, .Tan 15
38.J4 Mar-'l
46^4 Jan 20
104 >4 Mar 5 11314 Jan 20
44 Jan 30 58 Jan 2
111 Mar 1 117 Si Jan 2
43 Mar 3 o^^2.l'da2i
233 Marl9 ^248 Jan 26
x91 Mar20 91i4Jan26
100 Mar 2 176 Jan 5
185 Feb 8 188 Jan 22
7<i4.vlar2'.j
45
5
97i4Sep 102
7934 Jan 17038
llli^Jau 137
163 May 250
99 Jan 110
Jan 2 43 Jan 9
106i4Jaul5 106-4 Jan 15
12,50u 'ii .Mar " 97 Si Jan 12
112 Feb 3 il-i
Feb 3
Do
<S:
I>cc
20
45
42
10534 IO634
uOig 51
1131,
a;113
4534 46
Virginia Iron Coal
Dec
Si
250 Mar 5 }236 Jan r250 Feb
27 "g Jan 24
13 Maj 24 « Dec
67 Jan 24 46SiMin iN Feb
118'4 i'eyi3 70 Jan I 11-^4 Dec
34 18 Jan 2
20 Jan 29 Is Apr
102 Jan -5 891* s-eb 95 Aug
47 Si Jan -.'4 31 May 43=8 Apr
105 Jan-'( i;91i4 Jan 04 Si A pr
44 14 Jan 11 273, J'ly 4(1 Is Dec
95 Jan 10 89i4J'ly 97
Feb
249 Si J an 6 JiOSSiJan i!46 Feb
113, .Jan 15
434 Aut: 11
Jan
10 Jan 26
7
Jlarl.
6
.J'litll-\l)ec
SOSiMarlU 43 Jan 2 J 29 V, Oct 55 '8 Mar
35i4Jan 2 56 Mat30 2434 J'ly 36 Dec
20 Jan 5 29i4Jau2i 15 I4 Jan 23
)eo
41V, Jan 12 5 (78 Jan 20 36 Jan 48 Si Apr
65 Si Mar 5 78 Si J an 4 33 Jan 76i4Dec
30(1
50 U. S. Cast 1. Pipe & Foun.
9218 92 ^
Do prel
'lis 125
United States Express...
•85V, 87
S
U Realty ifc linprovo'in
27
27
U S Reduction & Rehn'i;
0334
l-elJ
Si
19=8 .Mar 5
55 Mar 3
100 :Mar ;>
1,0<0 24 Si Jan 3
15 93V,Jan 6
57.200 39 -^ Mar 5
1.525 99 % Jan 4
2,010 31V2-Mar 6
70 92 Mai 1
100 220 Alar20
9
Feb 17
700
20('
126,4.'S5
47
6334
101=8
^246 Feb 28
3,350
114
Do pref
148 Si Tenn. Coal, Iron di Hll...
78 Si Texas Pacific Laud TrusI
1 InionBagcSi Paper
148
Nov
91
20
i)fc
1 12-14
Si
92
1
Jan 29
9 2134 Feb 6
i'",S)0O
Apr
43>4
21V, Jan
64ie Jan
37
27
13
36
i'l
42
25i4Mar2U 29
25=8 Mar23 33
37i«Aiir
May
Jan tjo Apr
Jan 122 Si Apr
ai334 M»j Inii J'ne
113 Jan 151 >4 Dec
19,
:V.2"oV)
41V Jan
Dec
141
22| 105
4,100
20 ^4 Jan
40 Si J an
400 3: Jan
900 177gJan
W/alJasU
Dec
22i4Jan
1.0
:
'•.,
'22"!^'
lUuhttt
Lowett
\
Kebi;7 riaa-ij.lan 17
3>;'4
5534
2 3 -Is
4634
i-i
77^
t
Lotorn
Hharts
36
De pret
1.500
5418 56
American Ice Securities. 140,920
•21
23^\ American Linseed
--O0
45 47
•45
Do pref
2,460
68 14 69 14
68
6938 American ijocomotive... 17,010
115 115 Si 114S2ll5Si
Do pref
450 j;H5V2.Mar27 120i4Janl6
'4'4
5
5
Feb 28
-478
Amer. Malt, ctt's. of dep...
6-b Jan 25
Jlfi
20
*':6', 26'-i •261-j 27
Do pref. ctls. ofdep..
52u 25 Jan 8 29 Jan 24
*997ol097g 10078 1007g Amer Smelters Sec pret B
600 i99'6h'eU21 101-, J an 18
159^'8 Amer. smelt'g& Helin'ji. 128,200 110^4 Mar 5 174
Jan 18
15978 16134 ii;158
Do pret
122 122 14 -122 123
1,950 12034 Mar 19 130 Jan 12
'205 225
J20 Jan -25 220 Jan 25
"205 2 25
American Snuil
""26 107 Jan 26 107 Jan 26
•100 110 •100 110
Do pref
I2I4 I2I4
12 Si 12=8 American Steel Foundr's.
847 11 .Mar 5 1514 Jan 17
45
46-18
Do pref
45 Si 46 't
2.736 4.: V, Mar 1 63i4Jan 17
14018 I4II4 139=8 141
American Sugar Hetiiiiiif; 21,850 3:136 Alar 5 157 Jan 8
'136 140
138 78 Jan 3 140 Jan 19
'136 140
Do pref
138 '4 13834 .4.mer. Telepli. & Teles...
"600 l37S2Mar28 144 --8 Jan 19
138 138
*103Silo4i4 Amer. Tobac. (new), pref.
JiO3Sil04
1,627 103 Mar2l 109 Jan 22
431.., American Woolen
43
4234 43=8
4,970 40-=8Jau 4 48 Jan 6
no7 109
-107 109
Do pref
200 103 Jan 3 110i8Jan24
270 273 Si Anaconda Copper
2723^ 274
179,800 3:230 Jaji 5 300 FeblJ
130 130
12934 133
I Brooklyn Union Gas
2,300 129 ,Mac23 i78 Jan -3
1634 19
•16
Orunsw. Dock & C.Iiup'i
16-4
1,400 14S2Mar2o 20'.., J an 9
*53
51 Mar20 59^8 Jan -.io
54
•53
54
Buttenck Co
45
45=8 ( lentral Leather
14,"506 41S2Kebl7 49 '8 Jan 24
45 S, 46 14
1U4 105 Si ^ ^ Do pref
105 105
875 103 Si Jan 5 107 Si J an 24
65
67 Colorado i'uel
65 7g 67^'58
201,200 55'tJau 4 83 'g .Ian 26
Iron
•93 112
loo 100
Do pret
200 95 Jan 15 112S3Jan -^9
20=8 21)34 Col. & Hook. Coal <fe Iron.
2OI4 203,
4,350 17V2jan 4 26 V, Jan
Consolidated (ias (N. Y.). 52,655 l42i4.Uarl 181-4 Jan 23
1431, 14838 142^8 144
25
2534 Corn Products B.elg
2434 2579
7,820 2434 Mar29 25 7g .Mar29
8118 8I34
Do prei
7979 81^34
3,710 7978Mar2y 8I34 Mar29
Jan 30 62-18 Mar-: 8
61
6214 Distillers Securit's Corp. 60,li2 *51
61-V 62 14
81«4.Tan 3 87 ig J an 19
86
lilectric Storage Battery.
86
170 185 Federal Mining & smelt'g ".VoYi 138 Jan 4 199 Jau:i2
•170 185
Do pret
103 Si 10334 103 10478
4,500 lOOSi.uai- 5 11-78 Jan 22
181.i4«an 9
168 Vj 170 General Electric
168 7^ 169
1 ,800 165i^iJMar 5
22 Vj 23 S,
22^8 23
International Paper
13,400 21 Feb 28 26 '4 Jan 15
86
86
1
Do pref
8618 8618
2,100 82 S, Man 6 90 Jan 13
•7034 72 14 International Power
7034 73
700 oH Jan 5 i95 Jan 29
6434 05
Knickerbocker lce( Chic, 12,400 5y Mar 8 68 Jan 15
6478 65=8
66I4 \Jational Biscuit
(iii
3,650 06 Mar 30 71i4Feb 6
66 S2 6634
-116 118
i^ Do iiret
•I16 118
150 113 ^a Jan 5 ll->'4 Feb lo
I518 I0I4 Nat Enamelingife Stamp's
750 14 Mar2o -18 Si Jan 16
1534
-i5
•84
86
Do pref.?.
135 85 Marl7 88 4 Mar 8
85
85
.
.
79
National Lead
27,300 70 H, Keb^8 95 -8 Jan 19
80^4 82 14
103 104 H03 103
Do pret
751 102 14 Feb 28 106i4Jan2.
4,80ii 148
Marl9 16334 Jan 5
15434 15434 154
1543t, New York Air Brake
jyiiiooj. North American Co., new
9yv, 993,
8,550 97 Mar 5 107 Jan 12
45
46
IJaoitic Mail
3,500 41i4Mar 6 51SiJunl9
45
45^,
9418 95 14 £ eop. Gas-L.iSs C. (Ghic.) 10,200 9^S2Marl9 103 Jan 2.
94
95 Si
15
16
Pittsburgh Coal Co
1,80(1 livjipeb 5 17 Si Jan 19'
14Si 15
5734 59
9u0 54 Marl3 62 Si Jan 19
Do pref
57 V! 58
52
53 78 Pressed Steel Car
12,485 4yi4 Mar 5 04 -g J an -'4
62^4 53 v^
Feb 1
97 Si 98
2,00u 90 Mar 2 105
Do pref
9 7 Si 97 Si
24734 Jan 15
237^-37^4 Pullman Company
228 236 Si Mar
237 240
56-'8 56 Si 1 >ailway steel spring...
2,025 54 J4 Feb 21 62 >4 Jan X5
56'34
56
103 Mar2U iOr
Jan-:^
102 I2 103 '102 Si 103 XViUo prel
30V3 3114
3L
31 Si Bepublic Iron* Steel... 12",8V(3 26 Si Mar 6 39 Jan 12
102 14 10278 10li8l02'4
Do pref
4,100 98 >4 Marly 110 Si Jan 9
35
54
2134
'81 '4 "82" "ii" "83 ''6
"82'4"83si
•11234 I13I4 'li-34114.
11234 114
147
147 14 14738 14'/34 148 148
77
Hanye. lor year JiiltH
Katif/e lor J^esiotit
hasix n' lOO-nhare ioUl
Yearfiudo)
am
lb5\
S;
2778
l.:6
Lix>n
'/n
the
Rubber Goods Mlg
"7vr4"83"'
7y-;,"vy'i.'
Wi
29
97
97
239 239
56
56
*102Sjl03
29
2:'
9734
<.7.ig
237
115
15
15
•83S2 86
82
81
10314 1033t
99
44
95
*14
•54
Si
•132
•34
I
•lalefoi
KXUHANGE
March j«
<M.
^
2
-f
86
ISO
104 '4
154
45
26
sTOCK.-
't,
203^
147=8 14&3i
".J
'H
•237
"54
66 \
luO
ai5
247
230
9 V,
7'e
26 14 26 V,
*9978l007t
159 161
122 123
205 225
•100 110
•12
12 S,
45 12 455e
139V^140is
13G 140
137 v^ 138
103=8 104 Si
4234 43
107 Si 107 S2
203,
19=8
'^92
69I4
64
•85
19^"^
2734
56I4
93
235
5
3S
-42
44 14
10134
34I4
'478
38
25 Si
28
,45^4 45 14
45I4 4y''t,
10434 10434 ilOo
1*'5
6234 033,
64 Hi
fi':3,
"MS 100
100
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ly
19
20*4
19
145 145-14 1451^ 14^12
&5
321,
"iA^"i-}.'^
50^4 511*
96S
46
46
68
275V2
132
16
96
97 3(,
9634
9134
108=8
35
35
53 Vj 54 14
•21
23
51*
27
100
158^8 160
12^ 123
205 225
'a07 107
253
22 14
68 S.
77g
*26
100
•93
231*
•9 14
'4
SH5V2I15V2 115
•4'8
27
157
; 22
*205
9
8
34 H. 35
49 '8 5434
21 "'8 21^8
*45
48
6734 69^8
5
••43,
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no 100
4334
,
35'
47I4
•45
•26 "2 27
100 100
15576 15634
121-8 1 2 J ^,
7't
+ 01
•45
47
68 »8 68 Hi
11634 HQTj,
5
5
•9I4
•734
y'-;
36
8534
255
y\
Si
36
55 '«
55
11734 118
ii^
26
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138
34
36
381,
5434
64
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49 'e 5 1 Si
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39
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20
•40
44
•25S, 26
27% 27 '*
57
67
38
20 14
45
20 14
28 »»
57 Hi
Is
•34
iU
— Page
NEW YORK STOCK
trutau
Mirfdav
*l.i\i
•
51
49'8
-3034
FKJCK.S
March
138
V
•22^'23ii
'25^ 26V
27
95
"s
1
•132
2li8
•56H1
9KJ
Recora— Concluded
btock
Jan
9(34
HlO Dec
134
77
18
35
Jan
98
75
Nov
Feb
Jan
3334 Jan
9838 Jan
..vpr
Feb.
Si
40I4
73I4
-Mar
Apr
Aug
JSisScp
'181-2
83->4
Apr
Dec
43 14 Dec
9u34 May lo7 Dec
58=8 Dec
2b34 Sep
103 'e May 118 >4 Dec
36 J'ue 52 Si Feb
2478.Mi,>
1
J22G
92
152
187
Si
Dec
Jan
Si
Feb
2l>0
96
184
Dec 197
May
Si
J'ue
Apr
Anr
BANK6 AND TRUST COMPANIES— BROKERS' QUOTATIONS
Knnks
£ia Ask
Union Exchi 210 217
United
107
125
225
WestSidell.. 600
lYorkvUloll .. 400
!U S E.\cha'e1
113
130
i"Wasli.H'l!ts1
First,
md
^SK
Bid
Home Baukli
M ami fact rs'.
150
390
100
Meciianicsll
•280
290
430
300
North Sidell. 400
350
People'ali
ProspectPkl 140
Kidgewoodll. 140
146
N. Y. CITY
Bankers' Tr. 540
Bowl'ft'G-reen 216
IJroathvayTi-. 155
Central Tr'st 2200
Coioin;il
.
401)
135
150
140
l65
i240
410
Unionll
210
230
270
^SJ
Comuioiiw'th 90
100
Empire
-UO
K(|UUableTr 490 515
Farm :.o .(i 'I'r 1425 14 75
395
"
Bid and asked
f
bale al Stock Esch.tuge or at auction this week,
.sales 011 tins (lay.
<
two sli-^res.
stock lUviUcud.
i^e-ss i-iuiu
a Ex.
Ave Tr
Guaranty Tr
Guardian Tr
565
222
Columbia
Terminal
i)rice.s: 110
Bid
^sk
Fifth
Na.ssau
Nat City
BBOOKLYN
150
[Boroughll
iBroadwayli.. 400
terooklyuli .. 140
Banks
BKOOKLY.V
t
«
Ask,
580
610
t22--,Si
Knick'rb'k'r 1200
312
LnwT litrr
Lincoln Tr... 605 620
.00
Manhattan .. 175
.Mercantile ..
-Metropolitai i;oo
.MoriouTrusl 810
Miuiial
135
Mut. Alliance 230
900
610
860
140
240
Trust Go's
Jiid
Ask
N Y Lite&Tr
New York Tr
1000 1075
725 732
Real Kst Tr't 325
StandardTr't 420 440
TitleGu<fcTr 660 675
Tr Co
of
(.Jniou
Am
Tmst
U S Mt-g Jo Tr
750
1400 1425
510
Trust Co's
175
Flalbush.... 270
Franklin
350
Hamilton
1350
19J
Home
Jenkins
185
Citizens'
AsK
418
ls5
280
375
196
Unit States 1370 i390
Van N'den Tr 335 345
Washington 4-<!5 150
Kings Co
450
L Isl Ld-Tr. -iOl'
270
Nassau
Windsor
People's
)45
>5j
Wilfi.im.sb'i.'.
228
2.12
.
265
u -VowstocK.
c E.-^.-divideuii and rights.
Ex-nghts.
iJauKs uiarked with a paragrapU
Trust ijo. certiiicatcs.
'1
Jiid
BROOKLVJJ
Brooklyn Tr 410
(H)
lOO
310
are State banks.
.
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Wkkk K.vdinr March 30
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N. T.
1
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Leh & Wilks B Coal 5s. .1912 -N
'/1910 y-M
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X Ycfe Long Br gen g4s 1941 M-S
Cent Pacific Aee So Pacillc Co
Chas & Sav ,See Atl Coast Line
.VI
103
lO.i-4
103 14 lil4>
129'sl'39',
12934 l^ili-.
Feb '06
Cliestfe (Jhio g
105
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1939 VI1992 VIGeneral ai)ld4i<28
1992 VIKegistered
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Craig Valley 1st ir os
Uiv 1st con g 4s.. 1989 J-J
1989 JJ
2d consol g49
Warm Spr Val Isl g58..1941 Vi-S
Greenbrier Ky l8tgug4s '40 .VI-N
iJhic <te All KK ret g 3s... 1949 A-O
HdUway Ist lien 3ii2S...1950 J-J
108\ 109 Sj
Gold 6s
consol g 69
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108
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9414 95
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.beeUel&Uuu
Albany<fcSu8Q
AUe^iheuy Valley .SeeFeuii Kii
aee isutl K & I
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1st « 48
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Ann Arbor
/41995 y-J
—
4s.
?;
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1955 J -U
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J-
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/il995
/il995
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07
9(514 99
i04 'H Sale 103-s 104;^
102 14 104
99^8
101»sMar'O6
10mjlU5-'8
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95
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95
95
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'05
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1908 F
98 '4
99S8May'05
9734
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Kast OKla Div 1st g 4s. .1928 M
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Atlantic Coast 1st ir 43./1.1952 M
Cliarlea A Sav 1st g 7s.. 1936 J
Sav b & W Islf;okl0s..l934 A
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1934 A
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14
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132^8 Jan '06
11268 Jan '04
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102
104
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91-4 sale
104^4
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103 l05.-i
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Mar'06
<k S Hee Mich Ceut
Creek /See N Y C & H
Bellev & Car aee Illinois Ceui
Bklyn ifc .Montauk 6ee Long 1
Brans <te West *ee Atl Coast 1.
ButlaloJS'
Y&
Erie
6'ee
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gen g 5s. ..1937
1st g 4s gu.. 1998
Ci tfc Mali 1st gu g 53
194o
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Cousol Ist g 6s
1922
Bultalo <fc Soutliwest See Kne
Bull <fc Susq 1st ret g 48.1/1951
Bur C K & 2\' See C li I ct 1"
'Huada South 1st 5s
1908
(
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11
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1947 J-J
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1940 J-J
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income g 5s
income g 5s
income g 5s
jt^l945
i:
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94
95
120 Mar'06
114
114
107 J'ue'04
99
98'i
120
121
94
95
119
120
114
110
99
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112
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91 ^B
90
94
111
112
111
89^4
'Salt
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9.^
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91
466
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Slumped uiuii; 4-.''«
1950 FA
Kings Co El Istg 48
1949 K-A
st;impe(l guar 4s
1949 F-A
Nasiuiii Elec gii g 48
1951
uyifc i^lsi Jb ret g 41.2s '51
jS'ov'05
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Keokdfc ijt8Mlsl5s
Aug'05
lOsa, Anu'OS
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108 lo 108 •« Feb '06
10734 109
95 12
98^^ 362 9114100
103
109
93
93
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102
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1951 J-J
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Den Tram Co con g 6s. .1916 J-J
102
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90 Feb 06
92 Hi
93
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price
latest price this weeJt.
ijTiiiajr;
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102
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cou gn4s 2000 J-J
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90
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9614
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102
89 I2
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l.st '.ii
105
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124
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106''8.
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93^4 J'iy'06
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J-J
J-J
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99
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11934
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107
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2002 M N
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1913 Jl-S
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93'4
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1S6
113
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109
llMJ
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10434 Mar'06
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102-'4
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1945
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2002
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200v
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J-J
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1915 M-N
N4s
100 12
93 !«
104
N
Coll trust Series H. 48 ..1910 IVI-N
J 48
M..S
"2
133
.U-N
1933 .VI-N
1933 M-N
Des Mo & Minn Ist 78..1907 F-A
North Illinois lat 58
1910 M-a
Ott C F & St Paul 1st 53 1909 iVI-S
Winona & St Pet 2a 78.. 1907 M-N
Mil L S cte West 1st g 6s 1921 /Vl-N
Ext& Imp 8 fund g Ss 1929 FA
Asiilaiul Div 1st g 68. .1925 ,\fl-S
Mich Div lstg68
1924 J-J
Convertible deb 58
1907 F-A
Incomes
1911 .Vi-N
Chic Kock l8l& Pac 68. ..1917 J-J
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1917 J-J
General l'oUI 4s
1988 J-J
Keglsloreil
i98b J-J
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1934 A-O
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80
101
94
963.
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pl987 y-F
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98
S
1910
1910
1908
1919
1910
1910
1909
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1879-1929
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Kegisteretl
1879-1929
Debenture 5s
190
Kegistere<t
1909
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1921
92 le J'ne'05
108 hi J'ly'05
109 Apr'06
106 "2.
96
93 Hj 95 14
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1-2
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112 F"eb'06
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80
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82
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J-J
J-J
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L& D Exteu 1st 7s
J-J
Lacrosse c& D Ist 5s
J-J
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J-J
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J-J
SoutliwestDiv lst6s
Wis<& MinuDivg53....1921 J-J
Mil & No l8t
L, 68.. ..1910 J-D
1913 J-D
IstconsolOs
1915 y-F
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Extension 48
1886-1926
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1886-1926 F-A
General gold 312a
19a7 .\I-N
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103
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Atlantic & Dauv Hee South Ky
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1-..
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1093,
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129'>,
lis
116
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1927
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1921
Southwestern Div 4s
Joint bonds See Great North
1913
Debenture 5s
Han <fc St Jos consol 6s.. 1911
Chic& E lllref & inipg 4s 1955
1907
Ist 8 t cur 6s
1934
1st consol sr 6s
1937
ueneral consol IstSs
1937
Kegistered
Chic & Ind C Ky Isl 58.1936
Chicago & Erie .5ee Erie
Chic In & Louisv ref 6s. ..1947
1947
Kefundinggold5s
Louisv N A&Chlst6s.l910
Chicago Milwaukee & St P
Terminal gold 5a
1914
General g 4s series A..el989
('1989
Kegistered
General g 3 Hjs series B.el989
1921
Chic (fe 1/ Su Div gos
Chicd; MoKiv Div 58...1926
1916
Chic tfc Pac Div 6s
1921
ChiCifc P
1st g 5s
Dak & Gt So g 58
1916
1924
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96^4
liiiili'oni'.
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10934
F-A
1949 J-J
194 ii J-J
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1949 J.J
Gold 4s
Iowa Div sink fund 58. .1919 A-O
1919 -VO
Sinking tund4s
'05
2413
1950
KeifistereO
13.1
10612 Sale
105
IIII2
10 1 .^a Sale
KAA
93I2
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136HiJ'ly'01
120
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9t)i4Mai'06
95 Ki Ucc '04
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102
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107
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102=8
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haul saf-f
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103
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Penu Cf
6H...1930 j.r>
retluced to yi-jH.KJSO J. I)
Oh til Jf dfc Minn l8t K 68 19ly
Nor WiBConslu Isl 68...1U3(i J-.I
8tP<fe 8 City Istg 68.. .19111
Clilcafjo Ter Trans g 4s. ..194? J.J
Coupon oU
West Inrt Ken K 6b 71932
<fe
Mich bee Pere Marq
Choc O <fe Gulf 6«e C K I <fe P
Cln H db I> 2dRold 4HiS...19:{7
Cin t) <& X l8t jra K 58.. .1941
C Find & Ft l8t gu 48 K."23
Cin 1 <fc
l8t BU K 48.19u;<
Chic<fe
Clue
CI
W
W
W
C C C St i
Cin S & C <S«« C C C St L,
Clearheld & Mali See B K
P
fc)t
L,
<fc
O
Hee
134
Uiiih
134^8 Mar'06
136
H)
130
123 «8.
Q-M
100
113
M-N
M-N
J.J
.
W
Cin
& MDivlstg4s.l99] J.J
Bt L Div iBtcol tr g48..199(J M-N
Registered
layci M.N
Bpr <fc Col Dlv Isl g 48. .1940 M-S
Val Dlv l8tg48... 1940 J-J
100
100
113''jMar'0C
103
113
1]2
113
•93
91
104»4Sale
I consoiTs
1914
Consol sink fund 78
1914
General consol gold 68. 19i>4
Kegistered
1934
Ina Bl &
Ist pret 48.1940
W
O Ind & W 1st pt OS.. ..(193?
East
J
J-E
J-J
J-J
A-0
Q.J
Peo<fe
1st con 4s. ..1940 A-0
Income 48
1990 Apr
CI Lor & Wh con Ist g 5s.l93J A-O
Clev & Marietta See Penn RK
Clev & Maiiou Val g 5s.. .1938 J.J
Clev & Pitts See Penn Co
Col Midlaud Ist g 4s
1947 J-J
Colorado <fc Sou 1st g48... 1929 F-A
Colom & (ireenv See So Ry
Col & Hock Val See Hock Val
Col & To! &ee Hock Val
Col Conn & Term See iM &
Conn & Pas Rivs Ist g 48.1943 A-0
& St P
ifSak & Gt So See
& Waco
©el Lack & Western
Registered
1915 J-D
2000 J-D
gu gZ^s
N Y Lack & W Ist 6s.. .1921
Construction 58
1923
Term & improve4a
1923
Syr Bing
N Y 1st 7s.. 1906
Warren 1st refgugS'as. 2000
Del & Hud 1st Pa Div 7s. 1917
<fc
Registered
1917
J-J
F-A
M-K
A-O
F-A
M-S
M-S
A-0
A-0
M-N
Alb <fe Sus 1st con gu 78. 1900
Guar gold 6s
1906
Reus & Saratoga 1st 7s. 1921
Del Riv RR Bridge See Pa Rli
Denvtfc R Grist con g 48. 1936 J-J
Consol gold 4^8
1936 J-J
Improvement gold 58...192S J-D
EioGr West 1st g 4s
1939 J-J
Mgeand col trust 4sA. 1949 A-O
'
UtahCentlslgug4sal917 A-0
Eio Gr So gu See Rio Gr So
Des Moi <fc Ft D See M <fc St L
DesM&Mlnn fieeCh<feNW
•Des Moi Un B,s 1st g 58.. 1917 M-N
Det M & a\)l See L S & M So
J
1st lien g 48.1995 J-D
Gold 4s
1995 J-D
'funis'
98 100 '4
113>all4'n
/ 4. al
112
112
91
91
Hi
121=8
134
104i2Nov'01
98^4 ...
100^4 lOOiu
79 Sale
7834
lOOifl
1121a
1151a
1161a Jan
7678 Sale
93»4 94
761a
9334
1151a
Y& Erie Ist 7s. .1916
J
J
J
J
F
A
J
126
94
12618 Mar 'Oti
.
111^4.
112
Oct '05
102%.
112
105
104''8
IO4I4 Jan'06
129^.
102
133
149
Feb '03
Feb'06
Aug'Ol
102^ Jan '06
102 ig Jan '06
142i2Mar'05
10234.
102 ^
13712.
100
9934
108
lOS
lOSiaFeb'Oe
9934 Sale
107112
9714 98
90=8
9518
971-4
90
37
9778
Mar'06
Jan '02
Sep
94J2 97
11684
11634
,
Mar'06
11634
107 la Jan '06
1141a Feb'OO
IO8I4 Mar'06
106
II4I4
I0318
13018 Sale
115i4Jan'06
103 Feb'05
13038
130
133 Feb'OO
IOOI2IOII4 lOOSg IOH2
101 Hi Oct '05
'
91 's Sale
9134
92
88 Nov'04
91ii;
9012 9112 91
106«8
1051a 105 Ss
122^4
127 Nov'05
104
104=8 Feb '06
121^4 Sale
lOSifi
1191a
10234
12134
Dec '05
135 la Feb '06
118 J'ly'04
1153el>ec'05
121 la Oct '05
135
11514
11238
Mar'06
106 103 Feb'06
10715 107 la Mar'06
15»4
11909
IO834
1834
.
.112
J
J
113
.
107S8
lll^g
101
A
1021a 1031a
103 103
115 115
122 122
1
100
78
Buttalo Gas 1st g os
1947 A-O
Consol Gas conv deb 6s. ...1909 J.J
Conaum Gas
See
PG
GasgSs
Det Gas Co con 1st g
I>etroitCity
<£;
32
7434
79 1«
90
961a
1923 J-J
F-A
EdElHlBkn Se«KCoEL<fcP
EdEiU Se«NYG&ELH&P
BqG LiN Y Ist con g 5s. .1932 M-S
Gaa«fc Elec Berg Co eg 58. 1949 J-D
Gen Klectric deb g 3ia8..I942 F-A
Gr Rap G L Co Ist g 5s 1915 F-A
Hudson Co Gas 1st g 58. .1949 M-N
Kan City (Mo) Gas Istg 6s 1922 A-0
Kings Co El L <fe P g 58... 1937 A-O
Purchase money 6s
1997 A-O
Ed ElIlBknl8tcong48l939 J-J
'
i^o price Friday; latest bid
A
A Line
J-J
H
H
W Tex See So Pac
Houst&TexCen See
E&
J-J
J.J
A-O
F-A
So Pac Co
ilUnois Central 1st g48.. 1951
Registered
1961
Istgold 3ia8
1951
Registered
1951
Extended Ist g 3^8
1951
Ist gold 3s sterling
1951
CoU Trust gold 4s
1952
Registered
1962
L N O & Tex
Feb'06
lubi* iOti-^
Mar'Sfe
114
1123, 116
Dec '05
100^
bale
100
99
102
104
104
108
110
10834 Mar'06
107>.«109i9
105iaJ'ly'04
101i4Fet)'06
103 la Dec '05
IOOIbIOIi*
101 ig.
110
89
100 V, 176
99
2
Feb'06
89
91
ggialOlTg
9834
102
IOH3
103
Dec '05
1131a Mar'OO
101 la 100 Feb'06
94 Mar'03
99
100iaJan'06
70 Oct '04
1051a
107 Mar'06
100 la
102 Oct '01
105ial07ia 105 Mar'06
102 Hi
106 "a J 'ly '05
I02I2
106 la Mar'03
90
911.,
911a
105 14
123 Mav'99
771a
81 Oct '05
8138 8212 82 4 Feb '06
"si"'.
92 Dec '05
101 1« Oct '99
100 Nov'OO
102
.
10734
12134
.
.
100
100
100 la 100 la
io7" iofii
10434 ibei^
9Ha
943*
8212 82I2
Jan '06
Dec '05
10734 1073*
123141231a
1191s.
8718.
Nov'98
I23I4 Mar'OO
11934 Mar'04
93=8 May'04
101
97
llOiaJan'05
103 Nov'04
107
107
1087e Jan '06
1071a Dec '02
1087g 10878
Mar'Ob
99 100
II8I4I2O
98 IO2I4
99
122
W
122
90
.
.
9934
100
llSisllSia II8I4
9834 Bale
112
•84
114
RR
92
Apr '05
1051a 101
100
gold 48 ...1963
Htg/i,
103
1081a
105
N
90
lAMe
Mar'06
A-O
W
Hipti
Oct '05
Dec'Oi
105
114
89
112iall4
90
Registered
1963
Cairo Bridge gold 4s
1950
LouisvDiv&Term g3ia8.1953
Middle Divreg5s
1921
Omaha Div Ist g 38
1951
St Louis Div<feterm g 3s. 1951
Registered
1951
Gold 3138
1951
Registered
1951
Spring Div 1st g 3138... 1951
107 10778
Western Lines Ist g 48. .1961
1231a 1251a
BeUev & Car Ist 6s
12638127
1923
Carb& Shaw 1st g 4s... 1932
Chic St L cfe
O g 58.. .1951
12618 126 14
Registered
1951
112 114=8
Gold 3ias
1951
Registered
1951
IO4I4IO414
Memph Div Ist g4s... 1961
St L Sou 1st gu g 4s
1931
Ind Bl & West See C C C & St L
133 133
Ind Dec &
Ist g 68
1936
1st guar gold 58
10a»gl02»t,
1935
102 Is 102 Is Ind 111 & la 1st g 48
1950
Int<£; Great Nor Ist g 6s.. 1919
2d gold 58
1909
3d gold 48
99 10078
1921
Iowa Central Ist gold 6s.. 1938
1061a 108
Gold 4s
108 109
1951
97i«100
Jetlerson
6'ee Erie
Se«LS<feMS
KalA&GR
an & Mich See Toi & O C
KCFtS<feM SeeStL&SF
KC&MR&B Se«StL<fcSF
Kan C & Pacific See M K T
Kan City Sou
iis'
9914
95
9914
9534
1st gold 38. .1950
Knorville & Ohio See So Ry
Lake Erie & 1st g os.. 1937
2d gold 6s
1941
North Ohio Ist gu g 58. . 1945
112 la 1121a
L Sho & Mich S See Y Cent
Leh Val N Yl8tgug4ia8.1940
Registered
1940
113 113
Lehigh Val (Pa) cons g 48.2003
Leh V Ter By Ist gu g 5s. 1941
Registered
11634 11938
1941
Leh V Coal Co let gu g 58. 1933
L^h&N
Y
Ist
guar
48..
1945
g
1071a 1071a
Registered
114 1141a
1945
IO8I4IO8I4
Ist pt68
1914
II5I4II5I4
Gold guar 6s
1914
Leh & Hud R See Cent o£ N J
130 13413 Leh & WUkesb See Cent ot N J
Leroy <fe Caney Val See Mo P
133 133
99I4IO2
Long Dock See Ji,rie
Long Isl'd 1st cong5s./il931
9II4 931a
Istconsol gold 48
ftl931
General gold 48
1938
Ferry gold 4138.
1922
91
98
Gold
4s
10976
1932
1041a
Unttied gold 4s
1949
Debenture gold 58
1934
104*8 1045e
Guar ref gold 4a
1949
17 119 12234
Bklyn & Mont Ist g 68.. 1911
l8t68
1911
135 Is 135 li
W
N
EIC&N
—
H8«8
IISI4
9834
78
Dec '05
114
Mar'OO
86
Mar'Oti
114
86
7434
75 Is
Oct '00
73
1081a 109 14
10 111»4 112
118.all8
111
10214103
103
106
7816
145
lllia
7818
Louisiana & Ark 1st g 58. 1927
Louisv & Nashv gen g 68.1930
GoM 6s
1937
„
Unified gold 4s
1940
Registered
1940
Coll trust gold 58
1931
6-20-yr col tr deed g 48.1923
E H<fe Nash 1st g 6s
1919
B0M)S—Contuiued
148
1031a
881a 89
108
.
9812.
.121
103
Sep
11 110
2 78
241 143 Is
102
11312
8O34
16834
10334
'05
112 Nov'03
61 la Oct '01
90 Mar'06
Feb'06
93 la Mar'06
121
.118
J-J
J-J
1091a
M-N
A-O
A-O
961a
12038
J-J
115
88
M-S
J-D
MS
113»8ll3>a
117 117
IIOI4
112 ig Nov'05
IO912IIOI4
Dec '05
114
120
Feb'06
9818 Dec '05
U7
101%
11378 11378
1051410514
Mar'06
117
100 la 101 J4 102
101
102
961a
lllia
101 la 101 la
98 101»i
55
103
1031a
98
98
121 122
931a 931a
lU
106
II8ISI2014
120 1211a
105
Feb '06
103 14
1021a IO414
l0178J'ne'04
M-N 114 116 115 Mar.Ob
115 1151a
9934 Sale
A-O
35 98i3l00i»
991a 100
114>4 J'ne'05
J-D 1141a
ou Next Fa«e.
Electric l^igbt
LacGa8LofStLl8tg58.el919 Q-F
Ret and ext 1st g 6s
1934 A-0
Milwaukee Gas L 1st
.
107
1071^ 107
10515 May'05
94
94
107
1071a 107
88
87 la Sale
871a
102 la Mar'06
102 la 105
Istconsol gold 5s
1995 J-J ai6
1151a 117
NY&QEIL&P 1st con g 581930 F-A
104 la Jan '06
103 Nov'05
N Y <fc Rich Ga.s 1st g 5s. 1921 M-N
Pat <fc Pas G & E con g 5s. 1949
1043* Nov'05
101 "a
123
123
Peo Gas <fc C Ist con g 68.1943 A-0 123
Refunding gold 58
1947 M-S
10434 Mar'06
CliG-L&Ckelstgng5s 1937 J-J 1071a 1093t 107 Jan '06
108 Feb'06
Con G Coof Ch lstgug5s.'36 J-D
Mu Fuel Gas Ist gu gas. 1947 M-N
105 103 la Dec '05
Syracuse Lighting 1st g 6s. '61 J-D
.105
110 May'05
Trenton G & El Ist g 5s. .1949 M-S
10714 106
106
Westchester Light'g g 5s. 1950 J-D
48.. 1927 M-Ij
58.. .1948 J-D
Purchase money g 4s... 1949 F-A
Ed El lU Ist conv g 5s.. 1910 M-S
NYGELH&Pg
94 Hi
94
107
1081a
93
107
871a
102
941a
10934
122
123
92
104 12
25 II512II7
IO214 1041a
.
,
90
99*4 1021a
111
112i«J'ly 05
105 Jan '06
12034 1181a
11815
12 lis
117
101'i8l02l4
Mar'06
Nov'05
99i4 0ct '05
98 Mar'06
110 J'ne'04
98
110 .......
100 la Sale lOOia lOOii
108
105 Dec'05
112 Mar'02
1131a
10818
111 Jan '06
1201a
il2" iisi^
113'8Jan'06
lOSi^Jan'Ob
115
J-D 118
M-D 119»8
J-J
J-J
1171a 119
1201a Mar'Ob
1091a Oct '99
.
Q.J
Q-J
J-D
11734 Mar'06
10034
112 la 114
96
75I4
1131a II312
117 Jan '06
IIOI4
106 14 110
M-S
M-S
A-O 1121a.
A-O 105
MS
86I4
10734 Dec'OO
109 la Feb'05
98 Fob '06
63
J.J
NorShBlstconggu58ol932 Q-J
116iall6<6
103 103
107 la 110
TSig
75
J-J 113^.
A-O II518.
M-S
J-D
M-S
M-S
M-S
N YB&MBlstcong58l935 A-O
NY<fe RB l8t g5s
1927 M-S
Gas and
111 113
78 1« Sale
l45i4Sale
A.O
1950 A-0
Kentucky Cent See L & N
Keok & Des Mo See C R IcfcP
92 "a 9334
II3I4II4
Dec '05
109 14 Jan '06
112
112
118 Jan '06
C Co
6s. ..1918
101
80
25 II512 1151a
iUIssCELXjVNEOUS
UnH and Klectric Light
Atlanta G L Co Istg 68...1947 J-D
jbklyn U Gas Ist con g 5s. 1945 M-N
135
134
'04
99 "4 Feb'06
9634 Mar'06
8 134 Mar'05
92 »2 Feb '06
114 Feb'06
1121a Feb'06
98
F
M
Sea
Registered
F
Wl
<See
JJ
J-J
J-D
122
111
114
10b I4
Jtano*
Since
Jtnnarv 1
<fc
110
*116
2dgold4»2S
1937
General gold 58
1940
Terminal Ist gold 5s... 1943
Regis $5,000 each...l94;i
MidRRolN J I8tg6s.l910
WUk<fc Ea Ist gug 58.1942
Ev<fe Ind Istcon guK6s.. 1926
Ga Car & Nor
Han
767^
107^8 Jan '06
123^2 12512 124 Mar'06
I26I4...
27 Jan '06
127 J'ne'05
& S W gold 6s
1908 J
Ohic& Erie 1st gold 5s.. 1982 M
Jett KR 1st gu g 5s
ol909 A
Xiong Dock consol g 6s. .1935 A
Coal&RR Istcurgu 68.1922 Wl
Dock & imp Ist cur 68. .1913 J
N Y & Green L gu g 5s. 1946 M
K Y Sus & W 1st ret 6s. 1937 J
Bull
10534
'06
104 7e...
1131a....
M
M
1 02 14
IOOI4IOOI4
100 Is 101 >
33 100»4 103
791^ 123
118
IO314. .^.
J
2B
Feb'06
134
IOII4...
J-J
A-
H
Houst
M-S
M
M
see So Pac Co
of 1882 Ist 68.1913
Ala See Sea
Line
Tal
&H
Georgia <fc
V
A
A-O
A-O
A-0
109 la
94i2Aiig'03
105 Jan '04
10215
1021?
103 Feb'06
115 Jan '06
122 Jan '06
J-J
M-K
Har <fc S
12019 124
LXUII
Week's
Range or
Latt SaLe
Lota
J-J
GuU:<S;SIl8tref<fetg58 bl962
& St Jo &'e« C B <fc Q
ousatonic See N Y N
<fe H
Hock Val Istconsol g 4 laS. 1999
Registered
1999
Col &
V 1st ext g 4a. . 1948
Col & Tol 1st ex 48
1965
lom
Oct '04
9934 Feb'05
Det Sou iBtg 4s
1951 J-D
Ohio Sou Div 1st g 48.. .1941 M-S
'Dnl& Iron Range 1st 58.. 1937 A-O 114
Registered
1937 A-O
2d 6s
1916
Dul Short Line 1st gu 5s. .1916
Dnl So Shore & AU g 58. .1937
.TDastot Minn <!>'eeStPM&M
rXUast Ten Va & Ga -b'ee So Ry
i£lgin Joi<& £ast Ist g 58.1941
:Elm Cort & No See Leh & N Y
'Ene 1st ext gold 4s
1947
adextgoldSs
1919
8d ext gold 4 "as
1923
4th ext gold 5s
1920
Bth ext gold 48
1928
1st consol gold 78
1920
1st consol g rund78
1920
'Ene Ist con g 4s prior. .1996
Registered
1990
1st consol gen lien g 48. . 1996
Registered
1996
'Penn coll tr g 48
1951
60-year conv 4s A
1953
Penn Co
100
10313
<fe 'X
7s. ..1907 M-S
Morrisife Essex l8t78... 1914 M-N
Ist consol guar 78
1915 J-D
See
ynda/U
March SO
see So Ry
Gila V G & Nor See So Pac Co
Gonv <fc Oswegat See N Y Cem
Grand Rap<fe Ind See Penn KK
Gray's Pt Term 6'ee St L S
Gt Nor—C B <fe Q coU tr 4s 1921 J-J
Registered./t
192] Q-J
Greenbrier Ry See Ches <fc O
W
CM
See M K
Pitts
W&
91
lOl'e lOl'sMar'Oe
100^4 Sale 10034
101
112»2ll4
Det& Mack
24
Mar'06
100 14 Feb '06
991^
cm &
CCCfc
&
& T H lat cons 6a. 1921
letgeuerul gold 5b
1942
Mt Vernon ist gold 68.. 1923
Suil Co Branch Ist g 68.1930
L''argo <fc So See Ch
<fc St 1'
i- lint<fc PereM
See Pere Mar
Kla C <fc Pemn See Sea AJr Line
Fort St U D Co l8t g 4 las. 1941
Ft W«fcDenC Ist g 68.. ..1921
Ft
BioGr l8l g 48...1928
M
Oct. "00
101
WW
C St
I
L, <fe C consol 68. . 192(J M-N
l8t gold 48
*:1936 Q.P
Kegistered
fcl936 Q-F
S
CI con let g 58. .192b J-J
Krie
KvanH
Georgia PaciUo
95>o...
9634...
loea, ...
10214 102
1st ret
I36i«136i4
124'\i Feh'Oi;
100 Dec '05
<fc
1!I9H J-D
lMi<o J.J
Cairo Dlv l8t pold 4a
'-
Higli
<fe
Clev Cin C <fe St L, sen s 4s
fX/allas
7
134 «8 136
93 Dec '03
135 »4 Feb 'Oil
1293, Mar'04
9314
AO
J.J
Low
Low
tiee
O oon
CouH Ch
lyriee
STOCK EXCHANGH
Wkek Ukduto Mabch 30
N. T.
Since
January
Latt Sale
[Vr,L.
2
BONUH
Hange
WeeK"!
Range or
tViday
30
JUarcli
—Continued—Page
1043« 10778
1
107
108
107
108
106
IO834
and asked ttua week. aDueJaji bDueFeb ciDueApr eDueMay /iDueJ'ly /cDueAug oDueOct sDoeDec jOptioaSato
J
MAE. 31
Bond Eecord
1906.]
UOSUt>
STOCK BXCHANGK
Wkbk Endiko March 30 ^€
K. T.
LoniBvdk HaBby—(Continxiedj
i^s. .1931 M-N
Ij Cln cfc Lex gold 4
J'rice
Weekfs
Harme
Fridav
March 30
Kcunge or
Last Sale
Hince
Bid
.
l8t gold 68. ...1930 J.J
NO&M
1930 J-J
O A M 2d gold 6s
N
PensacolaDiv gold 68.-19^0
1921
Bt L Div iBt gold 6s
19e^
2d gold 38
Atl Knox & Nor I8tg5sl94b
6s.l931
1
Ist
a
g
Hender Edge
Kentucky Cent gold 48. .198 /
M-S
M-S
M-S
J-D
L& N-South M )oint48.195^
J-J
F-A
MS
J-J
L<feN&M&Ml8tg4'28l945 M-S
NFla<fe8 l8tgng58...193i
Pens & AtJ l8t gu g 6s.. 1921
8 <fc N Ala con gu g 5s. .1Mb
1910
Slnktund gold 68
L<Si Jett Edge Co gug 48.. 1945
L N A & Cli Hee C 1 <fe L,, „
Atli.
129 Sale
123 14
IO6I4
120't2
70 4
1146ell9
106 >4
104'u
108
F-A
A-0
M-S
A-0
1990 A-0
Kosristered
Metropol Kl Isl g 6s.... 1908 J-J
V SeeSY Cent
Metropolitan El tiee Man Ky
lOS"?
11434 Mar\ 6
1121a 112»ii
<fc
Nor& Mont Istgug 58.1916
Ist 48 gu... 2361
2361
Registered
1997
Lake Shore gold 3I38
199
Registered
1928
Debenture g 4s
78.1906
Det Mou & Tol 1st
<
107 "a.
97 >2.
10012 100
IO314 104
103^6 Mar'06
1027gl03'e
J-J
.T'ly
J'ly
A O
FA
J-J
J-J
Minn Un See St P M
Mo Kan & Tex 1st g 4s. ..1990 J-D
9J.990
lst&relund4s
GensMi^ssubrects
.-
2001
8t L,Div 1st ret g 48
Dal <fe Wa 1st gu g 58...1940
Kan
C<fc
F-A
1944 M-N
2004 M-S
l8textgold5s
48... 1990
g 58. ..1942
Pac 1st g
Mo K & Ji Ist gu
1942
K & Ok Ist gu 5s
M
MK&TotTl8tgug6s.l942
Sher Sh & So Ist gu g 58.1943
Tex<fc Okla lstgug58...1t)43
1906
Missouri Pacitic 3d7s
1920
1st consol gold 6s
Trust gold 5s stamped. al917
ol917
Kegisterert
1920
IstcoU gold 5s
1945
40-year gold loan 48
Cent Er Ry 1st gu g 4s. 1919
1926
VALlstg5s
Leroy&C
Pac R ot Mo 1st ex g 4s-1938
2d extended gold 5s. ..1938
St L Ir Jl<fe Sgeu con g 5sl931
Gen con stamp gtd g 5s 1931
Uuilied & ref gold 4s. .1929
Riv & G Div Ist g 4s. .1933
1st g 5s. 1926
Verdi V 1 <fe
Mob & Blnu prior lien g 5s 1945
1945
Mortgage gold 4s
Mob J & K C Ist cons g 5s. 1953
Mob & Ohio new gold 68. .1927
Ist extension gold 6s..A1927
1938
General gold 4s
Si
Ny
Registered
N Y<fe North
1033410538
19538
10638
10538.
I'
A
J-J
F-A
J-J
A-0
A-0
J-J
M-N
M-S
J-J
J-J
J-J
J-D
Q-J
M-S
FA
Montgom Div Ist g 58. .1947
St Lj & Cairo coll g 48..el930 Q-F
1931 J.J
Guaranteed g4s
<fe
O
81 Hi 153
24 H. 42
20 ^j 56
81 14 Sale
233^ 24 S
20
19
92
81%
98^8
9938 Mar'06
90»eJ'iy'0]
28'ij
20
<fe
7812
23I4
8
coll 48
I8I4
21
2638
12
Harlem g 312S...20OO
2000
Ist g 5s.. .1927
98 "2 9938
li)7
109
106
99
99
10734
9'iVj
101
19
100 i-j
9934
•'SVilOl's
1(JH« 10118
Mar'O'J
99
9834
98%
No Low High,
IO6I2
99
Feb '06
125 ii, Mar'06
139 Jan '03
i2-.4'2l25»3
.
109 «8 Apr '04
120 Jan'06
119 J'lie'Oj
104 12 Mar'Ob
lOOSiNov'OO
.
M-N
M-N
A-O
A-O
F-A
M-N
120
120
ioii^ ioiia
98'2Feb'06
"2
97^8
981-i
10519 Mar'05
11912 Mar'05
113
116>4.
.
116m
11334
118
116
1161<
'02
Jan
106
107 =2 Feb '05
106
106
103 Oct '05
123 14.
124
100 Si Sale
IOII4
IOOSj
10558 Oct '05
24 100"2 10434
105
132 12
130^2
127
111 Feb '06
132i2Feb'0b
10734 111
132 Si 1323*
lO'.^'^siialo
102 14 ".03
100 Feb '06
99 12
98 Sz
921..,
92
1937 A-O
Registered
Higii
Mar'Ob
yvtia
'j
98''e Sale
FA
<fe
N Y & Greenw Lake See Erie
N Y & Ha.r See N Y C & Htid
N Y Lack & W See D L W
N Y L E & W See Erie
NY&LongBr ,Se« Centof N J
New York New Hav & Hart—
Housatomc R con g 5s.. 1937 M-N
N H & Derby con cy 5s.l918 M-N
N Y & North See N Y C H
N YO& Wret I8tg48..ffl992
j/1992
Regis $5,000 only
N Y Put See N Y C & H
N Y & R B See Long Island
N Y S & W See Erie
N Y Tex M See Ho Pac Co M.N
13812.
137
109
nils Oct
.
J'ne'05
'05
Feb '06
120
113»4 Mar'05
102
88 hi 90
89
117
106
.•412
<fe
Xor&
89
89 h
I06I2
106
107
lOOHz
88I2
Mar'Oo
89
9578Feb'06
11534 Mar'06
109
109
106
106
925p
106
109^8
loo"
ib'oi^
103
103
1223j 125
rj2-'j
104 ^8
"a
106
92
Feb '06
Mar'06
9VI4
96^j
96ii2
110
105
in^
95ii
122
Dec '05
.
1
.
Hi
"ii
a'ale
J-J
A-0
J-J
J-J
126 12
97
127
9834
99
96
98
941a
J-J
95
Nov'04
12434
116
114
132
113
10934
93I2
IO2I2IO212
102 12 Jan '06
8712
86 12 116 85
851a
118 II912
II4I4II518
II9I4 II914
A'e«NYNH<feH
7812
75 14
100 la 101
7514
Jan 'Ob
12 124
12434
J'ly '99
Mar'Ob
113 115
109 S2 110
MarOb
lOOV^Nov'O:
94 Dec '05
11634 117 14 11634
,116
See
Mo Pac
1921 J-J
Registered
Guar 3ia8 coll trust reg.1937 M-S
Guar 3 "28 coll tr ser B...1941
Tr Co certit's gu g SSas.lOib
C St L & P Ist con g 5s. 1932
1932 A-O
Registered
C1& P gen gug 4 lesser A. '42 J-J
1942 A-O
Series B
1948 M-N
Series C 3128
1950 F-A
Series D 312S
Erie & Pitts gu g 3 128 B 1940 J-J
1940 J-J
Series C
N «& C Edge gen gu g 4 128 1945 J-J
FA
MN
AO
.
A-O 113
9734
98
98i4Feb'06
9734
101
89
88
10134
891.J
9OI4
Jan'06
993<
98 14 9812
100»4 102
88 12 93
9112
88
89 14 92 12
90 14 9014
IO5I2IO512
89 12
Mar'Ob
89 Si
105 12 Feb '06
102 Mar'04
Apr*02
Nov'0&
Oct '02
104i2Feb'06
PCC<feStLgu4i2SA...1940 A-O
1942 A-0
Series B guar
1942 M-N
Series C guar
1945 M-N
Series D 4s guar
Series
Series
Pitts Ft
E
F
312 guar
W&
2d78
3d 7s
Penn
g
1949
105
105
115
11634
RR Ist real
A-0
est g4s.l923 M-N
10412 104
nilSCELLANEOUS
IJOPi
"2
Gr
R<fc
Iexl8tKag4i28l941 J-J
US—Continued
Nov'05
11434
Jan
11634
100 Mar'Ob
1121
II212
100
IO634 Jan
IO6S2IO7
112
;
'06
Apr'O'.
97 12
97 Si
119SjFeb'0i,
11318.
108i4Aug'03
100»8
S2
114
10634 1071*
106-2 107 12
10734 Dec '05
93»8 Nov'Oo
9II2 Mar'Ob
973^
114
110i«114'34
'06
119^8.
91
60
Si
92*4
97 Sj 98
119Sjl2a
.
9718.
97i«.
98S8Dec'05
96 J an '04
96i4Jan'0b
9S34 Apr'04
96I4
96i«
102 Si.
U2'8Eeb'0t
.
11214 11218 Feb'OO
112iflH2''8
112SjJ'ne'06
103 Si Dec '05
92 Sj Mar'Ob
92 Si 94 i«
103 14.
103
127^8 Oct '02
121
119
107
106 Si
117
.\1-S
M-N
J-D
M-N
M-S
M-N
F-A
118
102
1912 J-J
/tl912
D R R R & Bge 1st gu 48 g.'36
I
FA
1953 J-D
48 guar
C Ist 7s... 1912 J.J
1919
Consol gold 5s
1943
Consol gold 43
1915
3128
Convertible g
1912
Convertible g 312S
Allog Val gen gu g 43... 1942
C1& Mar lat gu g4i28..1936
.
95
106
104
76
77
12434
96Sj
103^8 106 14
1043.
10934
102
NYC
W
10412 106
86 aale
98 Sale
J-J
98
1997 J-J
Registered
101
!« Sale
1934 M-N
Debeu g 4s
89
Sale
F-A
Shore
coll
g3>28...
1998
Xjake
88 12
88
1998 F-A
Registered
91
1998 F-A
MicUCent coU g3»2S
87 'e
1998 F-A
Registered
Beech Creek Ist gug 4S.193U J-J 10338.
1936 J-J 102'9.
Registered
1936 J-J 106 14
2d gu gold 58
Beech CrExtl8tg3'<jsi>1951 A-0
J-D 100 1053
Ad
1st
gug
.1981
&
4s..
Cart
82
Cleart Bit Coal l8tsl4s. 1940 J-J
J-D
1942
08wel8tgug5s
GOUV&
Moh <fc Mai 1st gu g 48. .1991 M.S
N J JuncR gu Ist 4s. ..1986 F-A 103
N Y<fc Pul8tcongug48 1993 A-O
92
lOOSzlOlSj
Mar'06
7612
12418
Oswego & Rome See
O C F & St P Se« C & N
IOOI4
Oz'rk & Cher C Ist gu 58 g. 1913 A-O * 112 la
116
Pac Coast Co 1st g 5s 1946 J-D
119 12 Mai '06
115
115
119i4Feb'06
117>4 Mar'05
113 J'ly '04
.
104
104
101
J-D
1937 A-0
General gold 5s
Ore & Cal See So Pac Co
Ore RR & Nav See Un Pac
Ore Short Line See Un Pac
11914.
115
II8I4.
112i«.
112
.
98I2IOO
lOOVjFeb'OS
101 Is Mar'Ob
1001-2
99
53 10118 103
75i4Feb'0b
75ia
Panama 1st s timd g4i28..1917 AO
Smklund subsidy g 6s. .1910 M-N
Penn Co—Guar Istg4ias.l921 J-J 106 12.
Nat ot Mex prior lien 4»2S.1926 J-J
1951 A-O
Ist consol 48
NJJuncHR /S'e«NYCent
New & Cin Edge SeePennCo
lien g 6spl915
N O&N E prior
Man Bch See L 1
N Y Eklu & H
N Y Cent<fc Riv g S^as. 1997
104 12 105
cS;
ac ot Missouri
Morris
W
J
9812
92 12 Salo
106
10218
& Mont See N Y Cent
W See C G C & St L
Olnd
hio River RR 1st g 5s. 1936
<fc
1928
1st consol gold 5s
Jasper Branch 1st g 6s. .1923
McM M & Al Ist 6s.. 1917
1917
T <fe P Branch 1st 68
Nash Flor & Shet See li&H
WW
13034 130*4
13034 Feb'0^;
12934 Nov'05
M
See Southern
& Essex fie« DelLA W
NasUChal& St 1, 1st 78.1913
V<feNElstgug4s
1922 J-J
1989 M-N
StP&N
113
113
9834 J an '06
1534 Nov'05
95
101
921a.
125
124
Nor
127
96
A-0
A-O
A-O
1997 Q-J
Registered
a2047 Q-F
General lien gold 38
a2047 y-F
Registered
1996 J-D
St Paul.Dul Div g 4s
1996 J-D
Registered
C B & Q coU tr 48 See Gt Nor
P gen g 6s.. ..1923 F-A
Registered certilic'8..1923 Q-F
1931 F-A
StPaia& Dill Ist 58
1917 A-O
2d 5s
1968 J-D
1st consol gold 4s
1948 Q-M
Wash Cent Ist g4s
J-J
.1933
1st
6a.
Ter
Co
Pac
Nor
g
Nor Ry Cal See So Pac
P
O
St
&
Wis
Sec
C
Nor
92 12 93'f
9434 96
17
F.A
North lUmois See Chi & N
North Ohio See L Erie &
Nor Pac— Prior lien g 4s.. 1997 Q
IO414IO5
119 12038
116 1173,
NoT'05
Mar'06
Mar'Ob
Oct '05
96
127
96
,
Mar'05
Jau '06
9539
113
96
Scio
13 104 107 Is
IO4I2IO712
106 108 -2
94I2
91
94 12 99
12038 Jau '06
117
116
93
CC&T Istgug 5s
II514II6
108i2l09'8
'i
MN
Div'U8tl&geng4s...l944 J-J
Pocah C & C Jomt4s..l941 J-D
107 108
9576 96
1223^
107
W
1.J
9112
SS'^e
107i<iDec'05
106
106
103 Mar'06
104
1941
1931
Improvem't & ext g 6s.. 1934
1932
New River 1st g 6s
N <fe Ry Ist con g 4s. 1996
1996
Registerert
South lstg58
Nort& West gen g 6s
8912
89
93 ig 94
89
89
93 14 Mai '06
108 Feb'Oe
Feb '06
<fe
H;
Nov'Ol
103
113
94
96
97 12 97
10034 10134
100
9234 93
9539 Sale
121
95
113
97
lom
120
118
m'
i 141^
10034
97
100
103
113"
94>2
10034 Mar'06
103
lOO^s Sale
89 Sale
IO6I4 107
12018
<fe
H2>2ll4H< 113'-jFeb'06
92I2...
94»2Mar'0b
97 »2 J an 'Ob
101
120
Mohawk & Mai SeeNYC&H
Monongahela Riv See E & O
Mont Cent 6ee St P M M
Morgan's La* T 6ee S P Co
NewH&D
100
99
R Wcfe O con l8text68.A1922
Oswe R 2d gu g 58...el915
R Wife OT R let gu g 58.1918 J-J
Utica c& Blk Riv gu g 4s. 1922
N Y Chic & St L Ist g 4s. 1937 A-O
May'OO
105
90
A-0
M-N 10734 96i<
94
P-A
A-0 115 ....
M-N loa^i....
M-S 106 107
J-D IO8I4....
M-S 106
M-N 10358....
M-N 123 I24I2
104^^
M-S
M-S
106
106 Hi
F-A
9iia
M-S
W
M
J-D
J-D
M-S
99
Since
January 1
<fe
Soutli West Ex 1st g 78.1910 J-D
1934 M-N
1st consol gold 5s
M-S
Ist and refund gold 48.. 1949
& Ft D 1st gu 4s... 35 J-J
Des
2d gold 4s
J.J
J-J
.
<fe
M
MStP& SSMcong4intgu'38
gu 1920
M S S M & A Ist g 4 int<Siil
Ask Low
10734 108
108
106 10714 106
MS
J-D
Minn&StLsru SeeBCR&N
Last Sale
MS
Apr '05
104
MS
MidotNJ A'eeKne
MU L S W See Chic NStWP
Mil & Nortu See Ch M &
Minn & St L, Ist gold 78.. 1927 J-D
1909 J-D
Iowa Ex 1st gold 7s
Pacific Ex Ist gold 63. ..1921 A-0
<fe
March 30
J-J 12034
J-J '103
J-J 12s
<fe
J-J
1934
2d guar 6a
112
McKee8&BVl8tg6sl918 J-J 103
1909
6s.
consol
Mich Cent 1st
117
12.
1931 M-S
58
1931 Q-M 114
Registered
1021-1.
1940 J-J
48...!
1940 J-J
Resistered
1951
J L<fefe Istg 31-28
9?
1952 M-N
IStgSias
7513.
Bat C <fc Stur 1st gu g 38. 1989 J-D
1121121121.2
116 "4 Mar'05
107 Dec '05
lOOi-iFeb'06
Week's
Range or
Ka A<feGR Ist guc58. 1938
Mahon C'l RR Ist 5s. .1934
Y Ist gu 68.1932
Pitts McK
11434 117
Range
frice
tYidav
Bid
AC
West Shore
McK'pi cfc E
Mex Cent consol gold 48. .1911
1st consol income g 3s.al9^y
2d consol income g 38..ol93J
1919
Equip & coll gold 5s
Coll tr K 4'-iS 1st Ser....l90'
Mex Intemat 1st con g 48. 19 / /
Mex North Ist gold 6s. ...1910
Midi Cent See N Y Cent
STOCK EXCHANGE
WEEK ENDtNf! March 30
N Y Cent H lir-{Contintied)
J
1081-jillO
95I4 96I4
96
96
9514
114Hj
January
109 Mar'05
10 128 129
129
129
122 14 122 "4
122 W Mar'Oo
114 Apr'05
120i^Mar'06
120 412012
7433001 '06
114^8 Sep '05
108i2Jan'06
lOSi-jlOSH?
99 101
lOOi^MaT'Oe
10834 lOSHs
739
3
BUM>S
N. Y.
Migh No Low Higfi
Low
10734
F-fK
See L S & MS
Mahon CoalRyconsol4s.l990
anhattan
—Continued—Page
109 Sa
97 Sale
10034 Sale
Mar'04
Apr'04
Dec '06
111 Sj Sep '04
106 Aug'0:i
9634
97»s
101
10034
104 S2
104i4Oct '05
110 Jan '05
108 Sj.
10838
Feb '06
9634 101
100
105'*
I1O8
1083»
on Ne xt I'age
rele^rapli and Telephone
94I4 95»4
ConI and Iron
95i4Jan'06
Am Telep & Tel coll tr 4s 1929 J-J
102=8 195
98
97
.103 103 Mar'06
I Co gen sf g5a..l943 F.A
Col
97 Mar'06
96 Sj.
9IS2IO2I4 Conim Cable Co 1st g 48. .23.97 (i-J
Convertible deb g 58
1911 F-A
91 S2 Mar'06
109SsMay'05
1918 M-N loasg.
MetT&Tlat 8l;g5s
68
105i4J'ly'03
Col C <fc I Dev gu 6s g..l9U9 J-J
M-N
58..1920
Tel
gen
J
g
N Y <fe N
10718 109 S»
107S2 Oct '04
Col Fuel Co gen gold 68.1919 M-N 102
109 Si 109 Mar'Ob
West Union col tr cur 53.1938 J-J
104 1« 105
102 Sz J'ly '04
Gr Riv Coal <fc C Ist g 6sl919 A-0
76I4 88Si
Fd and real est g 4 Sjs... 195(1 M-N 104 S2 10478 10418 .Mar'Ob
77 V
SOiflSale
106 Sj 107
803t 737
Mar'Ob
Col Indusl8tconv58gu A.1934 F-A
106 Si
MutUnTel 3 lund 68...1911 M-N 100
77 18
79 202 7478 83 Si
7834 Sale
1st g Ac coll &8 gu Ser E. 1934 F-A
'04
J'ly
103
J-J
4S2Sg..l934
NorthwTelguI
107 08 Dec'04
CoulLn'talC Istsr guy8g.l952 F-A
107 May'97
Jell <b Clearer I Ist g 5s. 192b J-D IOII2.
99 14.
102 S2 Oct '03
.Xaniilacturiug &. Industrial
1926 J-D
2d gold 58
105 S2 Oct '05
Kan&HC&Clst8tg5s.l951 J-J
1915 Q-F
Am CotOU ext 4SjS
105 Oct '01
Pleas Val Coal lat g 8 if 58. 1928 J.
9734 101 S) Am Uide<fo L lat stgba.. 1919 M-S
100
1(10
1951 J.J
99 100
Tenii ConI tren 58
109 il0S2 Amor Ice Secnr deb g6«..192& A-O
IIOS2 Mar'OG
renn iJiv 1st g 6s
al917 A-0 110
109 110 Si .\.iii Spirits Mlg l«t g6s..l9Ui M-S
109
1(19
110
Eirni Div Ist consol 6s.. 1917 J-J
.\m Thread l&t col tr 48.. .1919 J-J
Dec '03
102
Co 1st gu g 68.1922 J-D
Call C
1944 A-O
'.!'.!'.
103 Sj 10334 Am Tobacco 40-yr g (is
103 S» Feb'Ob
De Ear C <fe I Co gu g 6s. 1910 F-A i 06 i^
1951
4«
3 111 913, 901.,
V Iror (;oal ACo 1st <r.'is. 1949 M.S 94 Sale 131
/cDueAug oDueocc p Due Nov g Due ueo ^Option Sale
' No price Friday; latest bid and asked. ctDiieJ an'bDueFeb cDueMar j DueApr ADueJ'ly
F&
M
H
FA
Bond Record— Concluded
74^
March 30
A sit
UH—i coHlinueaj
Peuii
Phllii
Bal
U N
W
Jfe
iMt
J
PiMiHacoU & Atl fiee
Peo * East dee C C
Pmxv. PeK Uu
100 >u
bl
<fc
W Al 68 IH'JI
Al )!tJ8
1'J'Jl)
Isi cousol gold 58
J-D
A O
Itt'iVi VI -N
114
110
W
B&
Ave
1
127
4
US, Jan '01
lUHiUl
".
115
H,
116
H.
W
M
Puts cKees <fc Y Hee N V Con
Pitts Sh
1, K l8t g 08. ..1940 A-O
1st consol gold 58
194^ J.J
Pitts oi Wfcst tieea&O
Puts V dc Asli l8t con 58.1927 M-N
1997 J.J
KeatliUK Co gen g 48
&
Kegi8tered
1997 JJ
Jersey Cent coll g 48.. .1961 A O
Kensselaer <fc aar tiee
H
Rich cSc Dan <See Soiitli Ry
Kicli <te Meek tiee Southern
Eio tir West See Den <fc Itio Gr
Kio Ur Juuc l8t ga g o8...19i!ii J-D
lis
120
110
112
118
1 1
..
6 Hi
1003b Sale
lom
D&
Riogrbo
l8lgolil48
tiuaranteed
Roch
&
Pitts
B K
/See
Rome Wat & Og
194(
Heeii
68. .1947 .\-o
Ji.CiV;AiK&Bi8tgu5s.l929
81 Liouis So tiee Itliuois Cent
1st g 4s Ijd ctl;s.l98i)
8t L, S
W
iVi-jN'
106 »q
Ist cousol gold 08
1933
Kegistered
1933
Reduced to gold 4^8. .1933
Registered
1933
Dakota ext gold Os
1910
Mont ext Isi gold 4s
1937
Registered
1937
KMiun Isl div Istg 68. .190b
Sov Div 1st gold 48
194h
Minn Union 1st g Os... .1922
Mout C Ist gu g Os
1937
Kegistered
1937
Ist guar gold 6s
1937
Will do 16 h' 1st gold 5s. .193b
St P Oi -N or Pac tiee \ or Pac
S
S
A
City tiee C St P Al &0
& Pli Istg 6s... 194V:
A P tiee So Pac Co
s
ijii
:\
Jc s' X
lie I'res
<&
93
tiee JS or
5's
1Z5
\Xi
.U-N
J-D
J-D
96
123
ifc
Sil >i>
oca
Sale
99 H
A:
9834
H5 Mar'OO
79^6
80 '4
109 >s...
109
109^2
135 137I2 137 H2 Feb '00
i-i
137'-.
IIII4U2
140
ilav'02
Ill's lilHi
llO^sApr'Ol
110^1110^4 111 Mar'OO
102 103 ig U:2
102
103HiSep'05
10238 Oct '05
M-S
124
130
135
13434
109
110
Feb '06
Dec '04
12 1\
Mai'OO
Oct '05
il2>-j
J-an'OO
119% 119
110
May'05
1071^
1
90 Wj Sale
102^2 103 1<
lo'^i^
10
Oct
90 >8
90 3>.
Mar'OO
94 'a
'05
W
94
...1930
tiee Atl Coast L
so 1st g 6s
1924
Sale
10/
102^8
109
i09^
112
iVosi
109
94
a6Hi
109
9t)^.i
109
109'yAIai'(i5
1 1 1 H2 Alar'OO
110 J an '05
llli4May'03
dc ij
<fc
J
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102 Hj
Ist ret
iLK^islered
.Vlort Hilar
1941 J-J
gu g 4s 1949 F-A
1949 K-A
gold 3'2S..tel92y
9678 Sale
93I4
93
110
V Li<fc JN' Iatgug5s.l924 iV1-i^
Wous K <fc W T 1st g 6s. 1933 M-N
tJila
s:uar 6s reil
1933
PI ck
1st g6sintgu..l937
Coiisoi ^ Os int guar... 1912
tjieii "Old 4s inl guar. .1921
WiiccikN Wiliv Isr a 0«'30
TC
lOOiflSak-
99
J-D
Tluoui;h SI L 1st i.'ii 4s '64 A-O
Gai war tfc s A 1st gOa.. 1910 F-A
.Mex& Pac Istg 6s
1931 M-N'
M-N
102
'93
A W lalgug63
Cent Pac
.ISL
9734
A-O
SoCatikija 6ee Southern
So P;iCCO— KKlstrel 4s. 1955 J-J
Gohl 4s (Ceil L Pac coll). /tl 949 J-D
KctiMlered
/i:1949 J-D
A
Auj:'05
867f
bOHa
llVa4
99
Sale
111
J-J
lU
112
115
112
120
99 "4 Mar'03
88 Hi
88 Hi
99
99
107H)J'iie'05
107 "4 I-eb'06
106 '-J Feb '00
111'.,
Ob's
96=8
9676
93
\<o^4
94 May'Oo
109 H) Feb '00
IOOJ4
100
li)6
102
106 Hi
A-O
A-O
M-N
Jan '03
Feb'OC
lUHi Jan'06
105^4
110
102
102
125
Mar'O'.i
1
102'-^
10234
12 Y
11134 11334
98 H;
9tHj
b7^4 202
Feb '00
90 S,
m^
92 H2 91 Hi
122 122
•^l
Sale
A-O
J-J
J-J
J-J
J-J
J-D
99 H< 100 Hi
113
Hi Sep '05
Aug'06
102 1.2
-2
Ist con 5s 01946
(jii Car it -N o 1st gu g 6s 1929
SeaOcV; Koa 1st 6s
192l
Sliei .^llr 6i So tiee Al K ik T
Sod bay
'05
Feb '06
129
H2
J-J
J-J
J-J
J-J
'4
Sale
97
1943
OS
goiil
Jan
% Jan 'Ol
10234
102^4
,vl-N
Pen istgos.iOlt
Ala Ky
Mai-»05
Dec '05
70
89
93>4 Alar'oo
122 Jan '00
94
123
97
Seaboard Air L,ine g 4s ...la5i/
coll tr refund g 5s
1911
Atl-Bum 30-yrl8t g 4s.el"J33
Car emit Isi con g 4s...l94S'
d:
100»4 10/
100>4 100 14
LOO
101 Hi
lOl^jJMov'Ol
.i.-0
1st sink t g os.iyii' J-J
6'eeAtl CoastL
1st Inud gr ext g
100»?
106»8Oct'05
Feb'Oe
973, 100
Kavl''&West
Cousol
1013,
.09
90
tiO^a
tiray'sPlTerlstgugos 194'i J-D
St Paul & Dal tiee Nor Pacilic
et Paul M <te Man 2d 6s. ..1909 A-O
Ga
Jan'06
831s
A-O
2d g 4s uic bond ctls...2)19»V( J-J
193'. J-D
Coiisol gold 4s
ilaCeiitifi
100^4
IOOI4
101^8
108^2
1951 J-J
5-year gold notes 4'ij..l90> J-D
&N K
May'05
P
Y Cent
K C Ft S & Ai con K l)S..192!?
K C ft ti& M Ky rc-f g 4s 1930
p
J -ly '97
120
118
9S7e
i«
111
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lUH^
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127H2Feb'02
86
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JJ
12i
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llOHi
.
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10. Hi.
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Sep
100
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leli'fb
lib
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Hi
102 Jai. 'Om
113'( Feb '.,6
1 14Hi l)ec'>i4
..j.o-
J'ly'0.'>
Hi
Feb 05
HI
'4
J-J
.M-S
J-J
J-J
J-J
Ohio coll ir g 4». 193ft .Vl-S
Alem Div l8l g 4H»-53...1990 J-J
St Louis (bv 1st g 4s
1951 J-J
Ala Cen R Ist g 6s
1918! J-J
Atl & Danv Ist g 48
1948 J-J
2d 48
1948 J-J
Atl<fc Yad Ist g guar 4a. 1949 A-O
Col & Greenv Ist Os
1910 J-J
K T Va <fe Ga Div g 68..1930 J-J
Con 1st gold 58
1956 il-N
Ten reor Lieu g 68
1938 M-S
Ga Pac Ky IstgOs
1922 J-J
Knox & Ohio Ist g 08. ..1925 JRich & Dan con g Os
1915 J-J
Deb 58 stamped
1927 A-O
Rich <fc Aleck Isl g 48. ..194b .M-N
So Car <fc Ga 1st g Ss
1919 M-N
Virginia Alid ser C0e...l910 M-)series D 4-58
1921 M-S
Series K5s
1926 f^-b
General 5s
1930 M-N
Guar stamped
1930 .il-N
O dB
1st cy gu 48.. 1924 F-A
West N C Ist con g 08..1914 J-J
S & a Ala 6ee L, <fc M
Spok Falls <fe Nor 1st g 0s.l939 J-J
Slat Jsl Ky 1st gu g 4H3S..1943 J-D
Syra Bmg & N Y tiee D D & \V
i'er A of St Li 1st g 4H28..iy39 A-O
Isi con gol-d 58
1894-1944 F-A
Gen refund s 1 g 4S
1963 J-J
St D
Bge Ter gu g 5s. 1930 .-L-O
Tex & N O tiee So Pac Co
Texcfe Pac 1st gold 5s
2000 J-D
2d gold luo5s
y2000 .dai
Da Div B D 1st g 58
1931 J-J
<fc
W
W
M
W Ailu W
OC
€fc
N W Ist gu 5s '30
F-A
1936 J-J
1st g 58
Western Div 1st g 5s. ..1935 A-O
General gold 5s
1935 J-D
Kan & Al 1st eu g 4s
1990 A-O
T0IP&
86
111
Jau'OO
Aug'05
Sale
lll>
ll8
118
117'«Jan'06
96 4
96
lib Ang'05
9.*s;
.
W
W
79^8
FA
FA
H
99
9834
..
Jau'OO
119
108
109
118
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ai'^
113
1133«
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11»
111
'4
111'*
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ii;»»8
95
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nVi«117Hj
Alai'OO
113
Jan '00
98H2 Alar'06
ys-v
Hi
90
S7«fc
0I'4 'Oo'-i
109
il9
1U2V.J 102
..'
108-V
.Vl-N
.
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J-J
j:
112
118
bVi
b-. V
lu6'-. .Afar'.
H)(.'e.>i...'>iO
M-N
SU'.x l8t
lllz
1
II igli
'fH
Juil'ol
-Mar'OO
08..1911
So Pac Coast 1st i:u4s g.r.)37
Tex<fcXOSabUivl8t g08.1912
Con gold 58
1943
Southern— Ist con g 58
1994
Registered
1994
SPacotX
Ist gold 4s. ...1917 J-J
pr lien g 3 H2S. 1925 J-J
80 Hi Tol St D cSs
50-year gold 48
82
1950 A-O
Tor Hani & Butt let g 48. /il940 J-D
19'28
J-D
Ulster<fcDellstcong6s
Ist refund g 4s
lOgHilOO"...
1952 A-O
I36I4 137^ UnPacKKdi 1 gr g 48 ...1947 JJ
Kegistered
1947 J.J
UO Hi 112 Hi Ist lien convert 48
1911 M-N
Registered
1911 M-N
Ore Ry & Nav con g 4s. 1946 J-D
iby'ei'ii"
Ore Short Dine lstg6s.. 1922 F-A
102 lij4'4
Isl cousol g 5s
1940 J-J
Guar refund 4s
1929
Kegistered
1929
Utah & Nor Ist 78
190b
Gold 5s
1920
130 130
LTm N J RK d5 C Co i'e« Pa KK
Iiai8il9'v Lltah Central tiee Rio Gr Wes
Utah & North tiee Un Pacific
Ulicaifc BiacK K tiee H \ Ceul
1965
Vandalia consoi g 48
Kegistered
1956
112H2112H;
Vera Cruz & P lstgu4HiS 1934 J-J
Ver Val Jud di W ^ee Mo P
Virginia Aiid ,bee south Ky
\^a tte Southw't Ist gu 6S.2003 J-J
11
1939 M-N
)>5 92
Wabash 1st gold 6s
IO2I4IO3I4
2d gold 6s
1939 F-A
Debenture series A
1939 J-J
94
il7'V
Series B
1939 J-J
90 Hi 9 7
1st Hen equip 8 Id g 5s. .1921 M-S
107 "8 109
1st lieu 50 yr g term 4s. 1964 J-J
DetcfcCh txl Isl g 5s. .194) J-J
Des .Mom Div Istg 4s. .1939 J-J
ill-alll-.
Om Div Isl g 3HiS
1941 A-O
Told; Cll Div 1st g 4s... 1941 Vl-S
St Chas Bridge 1st g 6s. 1908 A-O
Wab Pitts Term 1st g 4s. 1954 J-D
'Zd gold 4s
1954 J-D
N'v'arren -See Del Dae & West
97 ''V Wasli CeLt ;ieeNorPac
95
..See Southorn
a23o 90-'t. W'asli O i&
West Alarylaud 1st g 4s.. 1952 .V-O
Gen tfe conv g 4s
1962 .\-o
109 Hi 110
21 99 H; 10234 WeslN Vela Pa ist g 6s.. 193/ J-J
Gen gold 3-4s
1943 A-O
Income 6s
dWM.i Xov
87-2 89
99 7j^ West No Car tiee south Ky
99
\V Va Cent & P 1st g 0S..1911 J-J
100 K'O
1st g 5s. ..1920 A-O
IIIH2IIIH. Wheel's <fe
Wlieel Div 1st gold 6s. .1928 J-J
Kxien Ji Imp gold 6s. ..1930 F-A
11 R 1st consoi 4s
1949 M-S
104
106 Hi
20-year equij) s t 6s ...1922 J-J
110 lUH;
HI lllHi Wilkes & East tiee Krie
99 14 \VU & Sioux F ,See St P Al & Al
97
Wis Cent 50-yr 1st ireii 4s. 1949
9934
96H2
Art*'
A-O
A-O
A-O
Tolife
19
.0
S P ot Cal l8t g Os C <fc U 191)0
IstgOs series h.& F...1912
l8t gold Os
1912
Istcon guar K 58
1937
Slamoed
1905-1937
Mob
<fc
.VI
Scioto V'al
98
116
AO
fc.
JJ
1941 JJ
Ogcfcl. Cham Isl j:u 4s g.ly4y J.J
Rut^Canadl8tgug48...194! J-J
Tus & 11 Hee Pere iMarn
Sag
t Jo Ji Or Isl 1st g 48. ..1947 J-J
St Law ife Adirou Istg 68.199b J-J
2d golu Oa
1990 A-O
St L, <fe Cairo <bee Wob & Ulmi
St 1^ cfc Iron ilouiit tiee M P
St L, K C cfe JS' Hee Wabasli
St L Ai lii tiee T K it A 01 St L
8t L. cfc S t ran 2d g Us CI B 190t) -N
2d gold Os CUiss C
19Ub M-N
treneral gold t>s
1931 J-J
General gold 6s
193i J-J
St LA: b a' liU cousg4s..'9U J-J
St P
Mar'06
1940 J-J
Rutland 1st con g 4'gs
Southw Div Istg
KetuniLuig g4s
'01
Dec '02
120
.
lUSz
Oct
Hi
T
ol
i;
117 I18
noHjiio'-j
115'iiMai'OG
137 i4oT'97
1133,
i.'onUiivea )\
l»t 7H.I9]h A-O
19211 J-J
1907 J J
K Os
Hauuf or
lii'itii
<
S A<fe A Passlst gu g4ii.l94.. JJ
So Pol Ar ;iu 1st k Os.. .19119' J-J
1st guar
(;191o J-J
Os
KK
renn
PliUa & Ueai2iiiK coiih Ts.lSUl
Pine Creek reg guar lj8...ia3ii
Pittfl Cm & St L See Peoii Co
Pitts Cleve& Tot .-iecli&O
Pitt» Ki
<fc CU
Hee Penn Co
Pitt» June l8t pold Gs
1922 JJ
Pitt.s& L Kneiiilg 68...al9J^ A-O
Alorgaii'x iji j£
iRl golil O'*
?
ilarch
Cai Ihl gu
Guaranteed eold 5»
1 938
Ore & Cal Isl ifuar g 6s. 1927
lloHiJan'OU
112
>outliern Pac t'o
No
123'«Jan'0."
lOO'i Dec'O.
109 Alir'02
117
117
118
Pt Huron Div l8tg58.193W A-0
Saj: Tu» <k H Ist mi n 4s.ll»31 V-A
Phil
UOH
109
"04
U
19V!1
tlitiil
Pere Miiru— CU&
Utah
110 "ti Sop
M mc't>
STOCK exchaxob;
Wbkk K.sm.vii .Mahch Ml
.
S
[Vol, Lxxiti;
N. Y.
iSiiuli
l8t }?6s
•Ju ^<)1<14'.JS
ihutd: P
L <&
O
JJ
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L<yw
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STOCK KXCHAX«K
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N. Y.
—Page
113
1X3
90 Hi Dec '04
95 3»
116 H, Atay'05
114 '4 Jan '06
114'e.
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119^8
llOHi llOHi
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11234
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Feb '05
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116
121
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114
11234
Feb '00
Feb '02
Dec '04
113 Dec '05
114 Jan '06
114H2 Jan 'wo
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116
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123
1224
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117
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99
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ll4Hill4Hi
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114
93 »8
112
Ll2'«llo>4
Nov'04
112 112
120^8 12018
Feb '00
9yJ6
98 Hi
98 -v loo "6
112i8J'ly'04
123
Sale
123
102
110
90
109=8
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155
-^
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156
104
154
140
101 "i
12i'4
118=8 Sale
96=^8
hi
lo7*4
97=8 99 Hi
91 Hj 92
Hi
Sale
Feb '06
Jan'06
1U5
90
84 Hi
93
93
04 14 10034
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14/ H> 16b34
1
Mar'06
150
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Dec '05
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92 Hi 94
89 Hi
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99
104
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113 Mar'OO
113
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93
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95
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1
1
5
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93
109
97
90>4
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85
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108
loa
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6-J
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97
Alay'06
-Vlar'03
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09 Hi
84 12
37Hi
3b3t
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74
76
117Hill8
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117^2
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74 H;
117 H
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108 112
11518 liO'a
105
lu9
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112
111
109
'
Feb '00
Jan '06
110
114
Aug'O,
Jau'o'
114
1121-2
FeU'O
.22
yo 14 Sale
99 102
Sale
30
30
Hi
ll4
112
Hi
lllHiAus:'06
90 '4
90
Hi
93
30
97
10734
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97
97=8
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Dec '06
95
93
MI.SCKLI.ANEOL1.S KO.NUS—(Joiicliiiled.
Alaiiulnciiii-ing iV liiiliiMtrinl
Cent Leather 20-year g 58.1925
Cou.sol Tobacco 50-yr g 4s. 1951
Ki-gistereii 4s
1961
Distil sec Cor c^mv ist g 5s. '27
lut Paper Co 1st con g 6.S.1918
consoi conv s f g 6s
1935
lilt St Pump 10-yr conv. Os '13
Kiiieker Ice (Chic) 1st g 5s. '2b
Lackaw Steel 1st g 5s
1923
N a t .March yilp, Co Istg 6s 1 920
Nat Maicli Co
deb 5s.. 1926
Stan liope ife T 1st g 6s.. .1946
Income jiold os
1940
U s Lealli Co 8ldebg6s..l913
U
U
s
.•>ieei
CorplO-60
yros./i'i.;^
Kesrisrereil
April 1963
Va-C.ir Chtiii col ir 6s i;..19l2
No price
10l»8
7934
lOl's 179 10014 102
7934
78i4Har06
89
109
103
97 Hi Oct
106
1
Sale
8838
89 Hi
Sale 108
1(9>4
97 H. 96 Hi
9/h
103
Ma' '06
"-J
93
Sale
Sale
73
1
S i.ealtytt Iconvdebg5s'24
.->
^tliscctlnneous
101^8 Sale
79 Hi 80
IHi
2
Hi
105
93
75
15
134
;uli4
78>.i
7-^14
8334
82^4
Si,
7SU
Ho
93
Alar'06
Feb '06
Friday; iaiesl bid and asked tlus week,
col tr
g43
1948
iVI-S
1 920
M-N
AmDk<&lmp6s <beeCeuCNJ
Am SS Co of W Va g 5s
.
. . .
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103
10234
"44'
UOiu ChicJcifc St Vard coIg5s.iyi5 J.J
DetAIdiMldgr incomes. .1911 A-O
96 100
101-'8 103
Hoboken L <fc 1 gohl 5s. ..1910 .M-N
ios" iO«"4
85
75
93
77
Hi
Dec '05
1^4
Afar'0'3
Adams Kx
l(.'7-8
*i»5
lO'jif.
109
96 '4 9734 97 Mar'OO
98^8 -Sale
98 •'s
99
M.
9 8 '8 Sale
98=8
99 H1023e
Hi
iv
107
''H
96 ^4
96 '4
90 '4
101
a Due Jan
2'-..
10,11..
991-.
99"',
99 V
101 Hi
»
47
"76"
.Mad Sq Garden Istg 5s. .1919 .Vl-N
Alan Boh H & L gen g 4s.. 1940 M-N
Newp Ne
NY
Sliip &,
D D5s(a990
J-J
Dock
60-yr Ist g 4s. .1961 F-A
Provident Loan Soc4HiS.1921 AI-S
St Joseph Stk Yds l3t 4 HiS. 1930 J-J
St L Ter Cupples Stat'n * Prop
Co Istg 4Hi8 6-20 year. .1917 J-D
S Yuba W^it Co con g 6s.. 1923 J-J
Sp Val Wat Works 1st 6s. 1906
U S Red& Ref 1st sf g 6P.1931
Due Feb
e
Due May irDueJ'ne
/i
^I-S
Due
951
10234
102
104%
10034 J'no'02
95-»4
99'
Feb'o6
48
108
74
J'ly'06
50
Feb '02
Mar'OO
'46'i"58"
"74" "78"
"11534 ""9534'
95I4
98
99 Mar'OO
lOOHi Sep '06
99
99
10134
"9b '4" 99
J'ly
'i-i
112 J'ly'04
llSHi-T'lVOO
98 '4 May'06
p Due Nov
s
Option Sale
98
:llHl
JS
.
.
9
1
.
and Yearly
CHICAGO STOCK EXCHANaE-Stock Uecord-^Daily/WeeMy
March 28
March 27
sales
the
Kaicge lor year
Kani/e for L^e lous
190fi
Ye((,r.(l9u5)
of
CHICAGO STOCK
Friday
March SO
Thursday
March 29
W ediiesiUni
'/uesdaii
Monaay
March ^6
isatxiraav
March 24
STOCKS
AND LOW EtjT SALh FHICKS
^lUCh^-HIGHhS'l
Week
EXGHANGK
Uailroads
7
4»>4
49 "^
62 «e
89 >2 89 S,
"^'/'i "ii'is
^•26
6»'u
*68
35
30
-25 Sj 28
65
*l54
94
*i)d
*-2d^2 30 ^
*9G34 100
30
2a
3'2
*
-
l-,^5
K
135
2.S
65
94
30 k
101
30
94
•29
100
•29
•68
33
25
•63
•94
-•29
101
29
66^
60
66>5
•122
125
l-2'2
135
56^1 56 1,
iO
40
• iti
'Stf
«iu6
llli
•Xo
-i
1^4
-6i4
m
7
•I
6I4
7
150
153
150
148
xil7
1-0
116'2llV
112^4
llii
j3i
b5
133
113
113
l26 131
64 ^i! 65
68
116
86
68
116
86
21,
'•lii4
40
68
'86
88
'131
1031111031!,
-2
a;B6
108
I08
135
lu8
*131
103
IS:
7
14815
^T^
5715
120
66 H
60'4
^6'4
Hi
117
113'i2ll3'.i
129
63
133
65
66'Sb
661a
116
'86
116
88
119
108^4 10734 108
"131 lci5
135
103 H. 1031^10315
*1%
2
14»fc
2
I4I4
I41-.
40
40
40
2
I4i(
14
40I2 42
'fc
95
29
29
914
66^4
663,
100
'25
50^2
50
50^1 Chicago
6\
914
936
6634
15
...
13
1214
1334
131a
56
CHICAGO STOCK EXCH'Gh
WKEK liNOI.NtT MARCH 30
11^
V
hast Sale
i-i
Last Salt
103 la 103 12
57
116
150
58
117
113
114
149 14
14%
40% 41
9934
103
Mange
i'o^o^'
103
101
103
59
104
103 14 103
9b3.i
.•
E
F
J
-
9i
la
.\1-N
J
-D
.
Note— Accrnnd interest mn.s
S8
yO
90
16
Febl:-;
36
108
277
40
108
64
1
Mar
Marz3
6
Mar2.
Jan 5
410 148
1.;
Feb
Dec
60
Oct
99
J'ly
May 26
Mar 68
90% May 100
27 Aug iO
834
14%.\pr
Dec
Jac
7312AP1:
110 Dec
134 lieb
5934 Sep'
105 ly Mar
Jan'
Feb
Jan
125
38
98
"s
J
an
35
Jan 25 105
Oct
Feb
J'ly
6
fc'eb
Feb
J'm 72
60
76
Jan 3
Aug
10314 -Mar
Dec
J6
40
Marzo
la Marl
109
19
6I4
94 "a sale
9012 99
...
January
Jan
40
Mat
-A.ug
70 Oct
1481a Feb loO -Mac
10 Jan 10 Jan
16'aFeb2;i
Jru
1
34 J'ut
Mar 6
1
Jan
7
6 J'ne
7 Jan 16
165 Feb 15 153 Jan 172 Feb
63 Feb 9 32 Jan 58 '4 Uec
139 Jan 15 125 Miiy 143 Hi Feb
Apt 118 Dec.
)5
118 Jan 9
Aug
feu
147
1341a Feb 145
Nov
67
71 '4 Jan 23 55 J
11 Feb 42 Nov
75
Oct
Feb
63
28
80 Feb
50
b
',
pref
99%
100
120
1
&
Jau
104
10334
9 6 34
9634
87
so'
105
105
C.b
Feb '06
'06
997,
Mar'06
Mar'06
104 14 104 14
10
la
lOjiaFeb'06
90V
100
93
100
e
H.
'4
70
95
A-0
all
11034
-Mar
Dec
J'ne
May
Apr
Jan 17 109iaMari2 101 Dec 114 Jan
Febl6 52 "a Jan 5 46 Jan iu5 Dec
Mar 1 10634 Feb 15 (56 la J an 109 S2 Nov
1
125 102
1,660
1,066
906
Marl 2
2
13iaMar21
37 "a Jan 20
234
17
42
14
Jan 12
Jan 20
Mar27
7
684
V
7
36*2
Mar
4434
1414
1534
Feb2i
'•4
Mario
23
Feb
2
"a -^
pr
Deo
16
41
Aug
Feb 2 6
Mar
361a M:ar
3534 Mar
534
138 J'ly
8 Aug
'i
Mar 2
Feb26
Feb 23 8514 Feb23
li^i Feb 26
Feb 24
Mar
103 14
103 '4
Mar'06
103
103 -a Mar'Ot)
Nov'04
65 la Mar'06
90 Mar'06
68 la Sep '05
85
Jan '06
82 la Mar'06
Mar'06
94
96 la Jan '06
Chicago bo nd
ing
stock
floats
In
im)4
Inoiuend Kecorn
Last Jaia
perjn
iod
1 905
I
of
"
I
—
J
'ua'^ioo
931a 95
89
90
88
90
90
90
92
94
89 100 14
100 la IOO''
99 'a 99-.
;'2'4
9334
9i<%
99%
105
'a
10534
108
107
nn\i ;o5%
Iu3'-2l03'a
103 '4 105%
102%
10334
103
105
la
la
114
89
1.25
% May
Deo
Hauliers National
104
103
94
1073, 107'4
F-A
J-D
14
9^9
Aug
uci
Oct
J, '06
$250,000 ^250,000 Recei ver ap pomitedFeb
J Jan '06, 2
8
8
2,000,000 1,112,356
5
06.
Ian
Jan
None
31,000
100,000
Calumet National
J-J lau 06, 5
10
8b,607 8'-f'5
500,000
Chicago City...'
fc 72,1 211
fc 500,000
Chicago Savings
y-J Ian 'Oti, 3
'i'J
2,000,000 1.850,750 "i'Y
Commercial National.
y-J Ian '06, 2
8
8
3,000,000 1,219,798
Coutiueutal N ational
Q-J Jan 'Oil, lia
6
6
3,887
50,000
Cook Co State Saving
Q-J Ian '06. 3
12
12
3,000,000 3,781,4.-7
Corn Exchauge Nat..
y-J Jiin '06, ISj
6
16,089
6
200,000
Drexel State
Q-J an '06, 2
8
8
282,69.600,000
Drovers Dep National
.>cl .6. 1905
e.ss
busin
Began
56,83500,000
Federal National..
Q-J Dec '05. 3
1112
12
8,000,000 6,371,74b
First -National
lau '06. 12^2
Q-J
10
ll(\91'<
6+4
100,000
First Nat Eiiglewood..
Priv ate Ba Ilk
630,39.1
500,000
Foreman Bros B'k'g Co
'00. 14
Jan
Q-J
6
6
267,118
1,(100,000
Fort Dearborn Nat
159,060
500,000
Hamilton National
J-^J^ Jail ''Otj'. 4
1,052,653
Hibernian B'k'g Ass'n 1,000,000
;i6,979
200,OOU
Ka^par state Bank
q'-'i .•eb '06. 1
15,95
200,000
-Mauiilacturers Bank..
an 'OiS. 3
.i-j
6
'iOJ
276,
6
25O,O0O
State.
Ave
.Milwaukee
Oct 2. 1905
ess
in
bus
Began
56,145
•250,000
Mutual Bank
y-J lau '06, I'-i
6
6
Nat Baukot Kepublic. 2,000,000 1, '123, 142
Q-J l.iin '06, 6
National Live Stock... 1,000,000 1,255,961 l'2+3 12-f3 Q-J Jau '06. Ihj
6
6
6.563
50,000
Norili Side State Sav..
3 -J Jan '0^, 3
6
6
fc5(.',875
t50,000
Oakland National
32.522 New Bank
2OO.OOO
I'eoples Trust Jfc Sav ..
63.144
250,000
l^rairie National
Q-J Jan '06. 2
8
84.448 li:V8
2jO,000
Prairie Stat(^
Q-J Jan '06. 2
8
182,39.
8
300,000
Pullman Loan <fc Sav..
Q-J .\pr '06, IVd
4
42,629
200.000
South Chicago Savings
Q-J Jan '06, 2
8
740,824
1,000.000
State Bank of Chicago
Nono
113.52
250.000
Slock Vards Saviugs
191'
.Vlay
1.
24.777 Began
200,000
Union Bank of Chicago
lia
None Q-J Jan •06,
25.36U
200.000
Union Stock Yds Stale
Dec 05, 2
Q-J
8
Amer Trust & SaVgs.. 3,000,000 2,147.068
'06,
134
513 Q-J Jau
941.542
Central Tru^t Co of 111 2,000,000
5-^-5 Q-.) Mar '06, 2*31
527.985
600,000
Colotual Trust & Sav..
Q-J J .in '06. lia
6
/26
57.
200,000
Drovers Trust & Sav.
1.000,000 1.068,b85
ITirst Trust <fc Savings
B'eb '06, I
i'y-+-"4
Illinois Trust <fc Sav.. 4,000,000 6,296,193 12-f4
None
66,921
2,'50, 000
Jackson Trust * Sav..
190
.Jan
3.
Began
21.472
200,000
KcnwoodTr it Savings
1905
3,;2'j Incor por.it e d M arch,
200.000
Live Stk TrcV; Sav Bk.
Q-.r Jiin '06, 3
Merchants' L'u.fcTrCo 3.000,000 3,739,364 12
'05, 3
Dec
Q-.
6
'285,263
6
750,000
Metropolitan Tt & Sav
Q-J J an '00, 2
8
8
Northern Trust Co Bk 1,500,000 1,589,'<57
P-A l''eb '06, 3
c
4~2,i!92
6
500,000
Co
Trust
Royal
Low Migh America, Bank
Aug'05
00
1051 105
10234
103
1,607 101
Outstand-l^^^^pl^^g d
1
I23I4 J'ue'05
l&y io3'
5
'
NA.^IE
I0634
102 la 103 'b
10:
LOl
9438
94%
97 '.i
97 12
100 12 Mar'06
9934
be added to
&
6
.Mai '06
'9"ii4
lOOKj.
Title
6T'a^'68^'
80
101 14
75
86
8.)
8434
.
Union Trust Co
Western Trust* Sav.
W Shle Tr <fc Sav Bk
93%
95 "a
961a 96
price
Woodlawu Tr<feSav Bk
8.
UDlvideuds are paid Q-J. with extra p.iym mts Q-K'., II In.Ui.les '*\%'-^\'\'J'ZTJlJ^cei^^^^^^
this week,
latesf.^Prtce
.''
h ^'^^^ i'"^**'^'
t.No
N<» pnoo Pri'lay
» Bid and asked
day,
t
ask.xl prices;
prices: no sales wore made on this day.
incroasod
6 Duo June.
liDm^)^^- te Capital and surplus to be
a Duo Dec. 31.
;
,
160
17
b5
Mar'06
Feb 'Ob
Vl-N
t
101
Jan 11
Fe028
Jan 23
Jan 25
Marl 5
J-O
8^7
99% Sale
J-J
Jan 13
15
87
9934
M-N
5734
54
20
Feb '06
-^l-S
M-N
20 115
136
Tao
ii3 "4
21
55
Mar20 11% Jan 20
Mar2 72 Jan 25
Feb 9 125 Mai2.-i
Jan 17 136 Jan 17
9
66
Mar'06 >]iai)non
I'oo
9334
94
89
tl8'4
A-0
M-N
1924 J -J
1914 J-J
1945 A-O
1911 M-X
1928
1909
1914
Debent 6s
1936
Consols 5s
West Div City Ry 4 las. 1932
5-20
1909
6s.
West'rn stone Co
99
J -J
.M-S
950
550
.Marl
28'-jFeb23
68 la -Mar 1
97 Jan 3
30 14 Mar 2
101 MaC2(
60 Feb 19
Mar27
Jan 4
Feb 28
347
40 281a Feb 17
42 98 Jan 26
230 28 Marl4
459
Mar'06 Jaiy-West
'
Feb 06
Mar'06
Mar'Oo
Apr '04
Dec '05
Jan 'Ob
Mar'UO
Jau '06
105
105»4 105
11 la
9 2 "a
Sale
lOO'j 100^4 Mar'UO
9734 Dec '05
100
100
ioo
16 May'05
J
M-i;
South Side Elev 4 ^as
Switlct Co Istg 5s
Uiuou El (Loop) 5»
Union Pacilic couv 48
United Box Board 6s
West Clue bt Ist 6s
Tunnel lst58
87
B'eb
PeoplesGas l,<fe C 1st 6s. 1943 A-0
1947 M-S
K6luu<ungg58
Clue Gas Lt<feC l8t5s.. 1937 J-J
Consumers' Gas 1st 5s.. 193b J -D
Aiutual Fuel Gas Ist 5s. 1947 -M-N
.
....
i*-^
-V-O
F A
J-J
72isJan ]3
Feb
Sep
Sep
28 Oct
/3i4Sep
51
60
Jan
821a Jan
20 Jan
591a Jan
6-^S)
Mar 14 85
Feb '06 No Butie
14'^'
JJiyh No.
Low
.M-S
f;
2.t%Fe,b'.'0
2,'-
03g
Since
Apr '04
W
>^
Fell
60 14
or
80
J-J
Feb
68
25
25
65
93
1034
1414
Last sale
Nov'04
-D
2 6 '-4
Minins
25
Mar'06 -Adventure Con
25
Mar'06 AUouez
Mar'06 Bmgham Con Mininit.nO
1,210
BiacK Mountain
Mange
S7
79
J
2
Feb
931a Feb 8
Aug
13% Feb
O's J'ne
26 J'ly
46 14 Marl
Jan
Dec
Chicago Banks and Trust Comnanies
.vl-N
-VI-
100
Edison
Pneumatic Tool. 100
100
Telephone
Do
Weeic's
...
...
J-J
J-J
1928
Kans cay Ky & Ivt Co us- 1913
Kuickeru cker Ice 1st 5s. 1928
192s
Lake btreet El 1st 5s
1925
Income 5s
1938
Side El 1st 4s
Metr
1938
Extension is
190b
Norm Clue 5>t Isl 5s
19u9
1st 58
1931
Retumliugglias
No Clue City StRy 4'as-1927
North West'n El 1st 4s. ..1911
1945
Ogileii Gas 5s
1916
Pearsons-Taft 58
30
13I4 HVIp20
Page Woven Wire Fence
.Uay'05
.334
14
Last Sale
Last Sale
hast Sale
.\-0
Commonwealth Elect OS. i'194;i
4-40S
4-608 Series
4-80S Series
14
14
131a 14
F-A
1929 X-O
lUiUOiS Tuuiiel 5s
Chic
Uhic
.luc
Chic
pret
&
5s...l92li
1912
Chic No shore lilec 6s
Clue & -Mil Klec Ky 5s .... 1919
Chic Pueum Tool 1st 5s .aL921
Ohic Roclv 1 <fc Pac RK 4s.20O2
1913
CoUat Trust s is
Oct
Mar2'.'
6
1834 Mar22
54 "a Jan 2
4
&
2
2
1334
ot Trade 4s ... 1927 J -D
J -J
ChicConsol Br & Mlt6s
1939 J-D
Chic Cou.-iol Tiac4i2S
1913 J-J
Chic Eilisou Uebeut 6s
AuilUonum ist
Clue Dock Co 1st 4s
Do
iiar'Ob
Last Sale li'i^ J'ne'05 People's Uas L C'kelOO
100
1073,. Swift&Co
10734 10 ?% 107
Mar' Ob rueyuaker Oats Co. 100
j^asi sale l3o
100
Do pref
103%
103131031a
P Co ... 100
Union Bas?
100
:
Do prel
P ColOO
Unit'd Box Bd
2
2
2
100
13
pref.
Do
14
13%
't
*13'a
100
Western Stone
42
•41
42
41%
107 14 10734
130 ...
Clue iioani
CiiiC
"ib-^
281
. .
li^
14812 118
081-..
-56
UCa 1161a
II3I2 I1312
132 134
6II4 62 S
1..
Ash.
/11926 .4-0
ShipWrtg
40
^734
la
121 00
11 115 Feb 23
Mar 2 2
13i; 112
Trust. . . lOU
100 3,267 126 Mai 2 b
130 1« 182 ^j Diamond Match
4,67";
60 Marz8
lOi
62
Illinois Brick
613j
S.
LaSl Salt 3l\ Xov'05 Knickerbocker lce...lOo
79%Feb23
100
Feb '06
Do pret
hast Sale Sj
j'ue'04 London & Chic Contr.
Last Sale L?
Dec '04 .Manutacturers' Fuel..
Last Sale
la
47 Janl7 47 la Jan 31 44 la Mat 48
Feb 'Ob Masonic Temple
Last Salt i?
2 14
2 Jan
2 la Feb 3
2%-Viar21
Mar'06 .Mii& ClucBrew'g
Last Sale -"«
3
Sep
19
Mar
23
22%Mar21
Mar'Ot
Do pref
Last Sale
5234 Aug 0/34
66I2 66 Hi
100 1,077 iM Mai2b ,1 Feb 6 11034 Aug 1.0 la
66 National Biscuit
66
6634 663,
124 U3i2Jaii 4 118 4 Feb
100
116
Do pret
'116 117
116
116 116
60 78 Jan 5 95 Mar 3 41 Jau 80 14
100
86
Xational Carbon
86
86
-86
86
88
115 FBb21 1221a Mar 9 110 Jau 120
100
Mar'oe
Do pref
Last Sale lid
534
Apr
"a
1101^117
Il3i2il6
132 la 133
62
60
triday
-
loo
100
28
I
jJarch 30
1910 F-A
Amer Biijcuil 6s
Amer Straw board J.st6.s..l9ll JCass Ave & F G (St L) 5s. 1912 J J
100
10<>
Mar'06
Do pref
Mar"06 Amer Straw Board
100
Mar'06 Booth (A; <x Co
100
Jan '06
Do pret
621-^
63 Oal & Chic Canal & DlOO
Olig o2
.100
Mar'05 Central Trust Bank.
Last Salt lod
JMar'Oli Clucago Auditorium
Last sale Lti
Mar'06 (J hie Brew'K & Malt'g
Last salt
J^ce
Isl siOlU OS
..^mer
Bond Record
Ohicas^o
100
J'ly
J'ly
88% .Tan
15':
W S Elev..lOO
100
pref
Do pref....
Amer Radiator
Do pret
Feb '06
Last Sale
Last Sale Jo "a
La»l 6u6< .^534
1.2'»
9()'d
Miscellaneous
100
American Can
9\i
67
125
••661a
106
61
148
57
L,t
Do
69
North Chic street.... 100
30
30
26 k Northwestern Elev..lOO
26% *25'a
100
Do prel
llar'06
a ace 65
100
95
South Side Elev
95
95
2834
30 Streets WStable C L 100
30
100
1003.
Do pret
1003,
100
100
•25
29
West Cliic Street
28
Last .Salt /•Va
Last Sale
La, at. Sale lob
148
57
&
pref
-68
30
20
39
112
61 lu
•1
•6>4
Do
89iii
125
122 125
I. a St Hall Idd
*55
56
56
Last Sale 109
•18
•38
pre!
Kaus City By
Feb 1
16
7
5
Fel)
'•J
2.^14
3,«5;
20
Mar'06 Metropol
-^yia
125
135
55 S
»a
Do
Mar'06
i634
03^1
64
•89
Subway
Clue Union Tract
634
287
Oct.
734
Marl7| 28% Jan
441a Mar M 51 \ Jan 8
6
"'iS^
100
100
100
100
100
..100
100
Jan 205
Jan 5 180
Marl 6 200
15 155
100
prel
25
69''.
•914
6634
'
•
^i.b
-1
Las I
65
95
30
122
20
39
112
6O34
30
26
29
55
•38
-69
30
'25=8
69
lOOVjlOW^
125
135
lOd
89 V2
Do
25
Last Sale
27^2
684
26
63 Hi
89 -v
6234
aSJH;
y5
•29
9H
18
62I2
'
...... ......
-Va" '26
•3^
40
106 11.2
60 la 60 12
49%
49 h
*26
68
30
25 >a
63 H
95
30
101
31
9'-<
26
621a
891a
90
27 >s
69
33
26
.
9I4
9I4
66
66
*120
69
32
•26
•63
SI4
914
2 71-,
634
6^4
•24
Ohic City By
;luc Pass Ry
Clue & Oak ParK
150
Last Sau
63"
•eTi-i
6'<i»a
b9>-2
'2VV,
6^4
•24
49
26
49
48>4
160
150
151)
6^4
25
26
25
^y-j
*
"(i^'i
7
«
150
155
155
*150
Highest
Lowest
Hiuhest
Lowest
stiares
1,000,001
(i.so,.sl3
1,000,000
200,000
2l.i,-;!9
200.000
^''' ^''^''^'
Q^-J' Jan •6'8Vi''a
6
1903
3,401 Began l)U8lu ess -lep 5,
16.37(MBegnii .Mayl, 190 5.
BOSTON STOCK EXOHiNTaB-Stock
.^hare I'ricen
Monitav
Saturaav
March
March 44
:>«
—Not
Per Centum Pricen
WetinendaM
Ttieseiay
March 27
March
STOCKS
TftursUaii
March
'-iS
V.V
lor Year
Kanf/e lor I^etioui
Year (litUS)
lyoa
the
Week
EXCHANGE
March 30
Manye
Sales
of
BOSTON STOCK
Jiy-tdLau
Weekly and Yearly
Record, Daily,
HUiHett
Lovjett
8?uirei'
Lowest
Hia'cett
I
Knilroa<li>
•94 1« 94^
92 Tg 941,
94
94
10:<i2l03»5 '103 4 104 >2 103 14 103 14
265 255
255 '4 255 S
2551a 256
165 w, 155>2l55>a 15r> 155 "a 1641a lo5
'244
....
....
245 "424514 •245
ITSJi^lSO
180 180
17914 179 "» 1 79 14 i'so
•173 ....
175 175
175 175
'312
»81'i
*312
'312
....
•33
34
34
35
34
34>a 34'-! *33
•82
•82
82
82 S •82
84
84
84
174 174
175
174
174
•
124
122 "a 123
123 126
123 123
19U 190
•9234
»3
94
104
256
....
1.^
'296
94>4
104
256
155
155
'24 5 la 248
180 180
175 175
10'2>-jl03
•365
165
•244
Last Hale
34
84
i24"
190
36
84
175
124
190
9334
10334
9334
103'4
2541a
155
25H
245
180
175
155
248
180
Do
35
84
84
125
125
35
16<t
300
142 la
99
93
Last HaLe ys S)
Do
&
Santa FelOO
100
100
100
100
100
pref
100
<fe
'05
Dec '05
142
•97
94
,
•20
20\
•68
69
•24 12 25 >2
199 la 200
•208 "2 210
•54
60
100
Con <& Mont Class 4 100
Conn & Pass Riv pref 100
99
94
142
•97
93
142
-97
99
•921, 84
197 197
19 "a 19 »v
69
69
Is
142
142 >s
1421a
'
55
58
•74»a 78H,
•100 101
•15212 152^4
•9512 sen,
98I4
29
97
28
261a
271s
42
25^ 27
43
27
42 \i 43
I38ial3&ia
138 138
138 138
•42
42 W;
106^8 107
13834 13934
138 13812
i-j
8I4
33
139
5
42
107
43
107
41a
139
139
238
•9^4
4234
107 la
412
139
1^
li«
:
•
10
23S
•934
107»4 10734
•2234..
*26i4 251^
•2
3
109 109 !>
851a 86
10
108
107 la
•2234
*25i4 251a
2
3
43 14
10734
•117iaH8
3lia 311s
8I4
8
247152471..
16738 16738
49
8634
49
8678
192
41a
41a
139
139
238
-238
lis
10
237
10
44
I38I3 13834
8I4
8
24712248
167ial68
491,
49
86^8 87
192
81,
43
28
96
13934 140
I38I4 139
138 138^8
'117^211734
•31I2 33
117^,
•247 248
167ial67is
•48
49
87
87
190 19018
•4I2
10
10
IO714IO712
-934
•2234
•^25 "4
109 la
85
31
40
106
106
40
105
-40
•40
106
•40
••40
•45
•131a
15
90
•80
•88
14
90
83
93
14
90
•80
90
83
•88
93
31
391a 40
1051a 105 u^
•""
•40
•6I4
614
•37 14 38
105»4 10638
38
29
96
29
95
1581s
-Mb} ;^49
Apr
Mar
iVliscellaaeouH
Ajner Agricul Chem.lOO
20 23 Jan
Do pref
100
81 92 la Jan
253^
2738
26
2734 Amer Pneu Serv
50 12,489 1 1 Jan
43 la 44
4234 4338
4334
Do pref
447*
50 8,US 30 Jan
1401,1411* 1391a 14934 Amer Sugar Relin
139=8 1^0
100 2,694 136 la Mar
138 1381a 1381a 1381s 13812 13812
Do pref
30U 137 Marl9
100
138 138\ 138 1383. 138
13812 Amer Telep & Teieg.lOO 3,203 13534 Jan 8
4318 4338
42 >a 4-^12
425g
4314 Amer Woolen
505 4li4Jan 4
100
10734 108
10776 108
10734 107»4
I>o prel
100 1,023 ^103 Jan 3
Last Sale 414
334 Jau 11
Feb '06 Boston Land
10
•117iall8
r^ast Sale 11 714 Mar*06 Cumberl Telep & Tel 100
11634 Jan 8
31
31
31
32
32 12
Dominion
26
Iron
Jan 4
<fe St.
500
321s
8I4
•8
8
2,tj05
55g Jan31
77e
8
87^ East Boston Land
2471224712 247 2471s 246
Edison
240
Elec
Ilium.
248
194
Jan 4
..100
I68I4I68I4 168 168
Q-eneral Electric
175 166 Mar 5
100
•48
4S7i
471a 48
471a
471s Mass'chusettsGasCoslOO 1,885 46 Jan 18
8678 87
87
87
Do pref
8678
890 85 la Jan 3
87
100
191 192
193 194
Mergen thaler Lino.. 100
192
31 190 Mar23
4i<)
4I2
41a
Mexican Telephone., lo
41a
3 Jan 2
364
139 140
139 139
140
140 N E Telephone
280 132 Jan 2
100
lis Last Sale 1
1
Jan '06 PlantCom t'st stk com 100
Jan 16
Last Sale 13\ Sep '05
'..
10
.
Do pref
100
239 239 35238 240
240
240 PullmanCo
lOo
61 23'3"m^17
10
10
10
10
912 Jan il
10
10 Reece Button-Hole.. 10
107 Is 10734 107 10734 1063, 10678 Swilt <fe Co
100
333 j:102 Jan 16
*2234
22 >2 221-^ •2234
22
Torrlngton Class A.. 25
50
Jan 11
25I2 251s
*25i4 2512
Do prel
2515
25
200 25i2Mar29
251s
3
Last Sale 214
2 14 Feb 20
"J,
Feb '06 Union Cop L'd & Mg. 25
109 IO912 10914 10915 xi07i2 1071s United Fruit
100 1,U13 103 la Jan 2
8434 843,
8418 8456
84 la Uu Shoe Mach Corp. 25 2,239 73 Jan 10
841a
3OI2 sola
80 12 303,
Do prel
3012
25
687 30'.jJaul7
301a
Last Sale «fS7e Feb '06 U S Rubber
48^8 Feb 19
loO
Last Sale liasg Mar'06
Do pre!
109 Si Feb 24
100
41 !«
40
4034 4114
40
40 7i U S Steel Corp
100 15,865 3834 Mar2
lU6i4l06»8 10634 1063^ 10578 1061s
Do prel
100
910 104i2Mar 5
••40
-45
••40
'45
West End Land
25
450 40 Jan 26
14
•14
15
14
West Telep <fc Teieg.lOO
14
14
147 12 Jan 2
90
90
90
90
Do
prel
90
100
90
80 90 Mar2
84
•80
Last Sale 82
78 Mar 1
Mar'06 Westing filJi Mfg.. . 50
94
'88
Last Sale y3
90 Feb 20
Do
pret
Mai'06
60
96
25
'
95
26I4
29
95
95
,
'.J
:.i5ia
•2
3
10938 1091a
841a 85
3013 30*8
109
85
31
31
Nov
170
.
97
•
152
'x2i\.
'/'
26I2 27
•117
93»6Mar
Connecticut Biver.. 100
185 140 la Mar
1421a Fitchburg pref
100
Mar'Ob Oa Ry & Electric
95 Jan
100
93
93
9334
a334
Do pref
175 9 2 la Feb
100
MalneCentral
10 197 Mar27
100
20I2
•20
*19
•19
20'5
20
19ia
20 Mass Electric Cos
115 17 Jan 5
100
•68
69
69
69
69
69
68
Do pref
69
177 59 "a Jan 2
100
24I4 24^4 *24ia 251a 24 12 25 12 *257e
-2414 2514
261* Mexican Central
100
156 24 14 Mar27
200 200
199 1991a 199 7e 200
199 200
200
200 N Y N H <fe Hart.. ..100
660 196'eJan 3
Last Sale 160
Mar'06 Northern N H
160 Marl7
100
Last Sale
Mar'06 Norwich <fe Wor prellOO
230 Jan 16
208i4 208's 209
209 "a 209 »2 2081a 2081a 208 la 209
209 Old Colony
62 207 Feb 6
100
Last Sale 101
Oct '05 Pere Marquette
100
60
Last Sale 54
60
60
Mar'06
Do pref
50 Jan 15
loO
•56
•56
69
•56
59
Rutland pref
59
60 50 Marl4
100
•74I5 781a
7434 7434 •7413 78
77ia 771?
•74 la
Seattle
78
Electric
lo7 65 Jan 10
100
100 la 100 la lOOialOOis 100 13 100 W:
100 lOOia 101 101
Do pret
62 95 Jan 10
100
15318 16338 16278 154
15434 loSSg 154
154 155
100 4,055 rl4734Feb21
156«e Union Pacific
*94ia 951a -941a 9515
95
96
96
96
Do pref
•941a 953.
32 95 Mar 2
100
Last Sale 176 K Feb '06 Vermont <fe Mass
175 Jan 11
100
98I4 98I4
98 14 991,
9814 98 14
9914
99 14 West End St
99'a 9912
400 a;98 Mar23
50
•115
115l4ll5'4 *115l4 116
116
115
Do pref
20 112 Jan 3 115i4Alar22 110 Dec 117 V Apr
, 60
Last Sale 31
Oct '05 Wisconsin Central... 100
211s Jan 3118 Sep
Last Sale 60
Oct '05
Do pref
100
551a Aug 6018 Sep
Last Sale 150
Mar'06 WoicNash& Roch..lOO
150 Feb 5 15012 Feb 16 146 Mar 151 Nov
•142
•97
99
93 "a 9311
•98
•115
I
SI
ProvirtencelOO
pref
77 7g .Ma
H9iaJau |105-'fe.Sep
253 Deo l261 Apr
Deo 185 4 Mar
171
JUD 175 Apr
H)o Jan 3U
Dec
35
.Mar
131a Jan
6312 Jan 8.' la Apr
150 Jau 182 Mar
123 Nov 132 Feb
186 Jan I8934 Mar
160 "a Jan 167 Au«
285 Jau .iOO Aug
145 Jan 3i 141 Dec 148 Mar
101 Jan 29 59 la Jan 92 Oct
95 Jan 2 86 Jan 96 Nov
197 Mar27 175 Jan 92 Dec
207« Marl4
13 Oct 23 .\pr
70iaMarl4 55 Nov 7oisiIar
25i4Jan 9 1934 May 25 7g Dec
20714 Jan27 al92^ Dec 215I4 Sep
163 Feb 7 164 Oct I6734 May
233 la Mario 232 Jan 233 May
210 Jan 15 2051a Jan 212 Apr
79 Jan 102 Feb
57 Feb 20 5 2 la Dec 87 Feb
64 Jan 4 50 Apr 72 Jan
80 Mar
50 Jan 67 "a Aug
106 Feb 20' 931-iJan 102 Sep
I6OI4 Jan24 113 Jan 151 ig Dec
9934 Jan 2 95 Sep 101=8 Feb
175 14 Feb 24 172 Jan 180 Oct
101 Jan 2 93 Jan 102 Sep
BoBton&Wor Elec Co
Do pref
ChicJuncKy& US YlOO
Do
9678 .Ian 13
5
213 10134 Mar2110oi« Jan 3
118 253 Jan 16 257 14 Feb 19
364 154 Ma: 5 160 Jau 14
240 Jau 3 245 14 MatH
595 172 Jan 2 180 Mar23
-^9 173
Mar23 175 Jan
311 Jan 13 31:-t Feb 1(1
393
Jan 17 35i4Marl9
231 72 la Jan 16 8534 Feb 71
10 166 Mar
182 Jan 12,
100 122i2Mar26 127 Jan 16
8 189 Mar 1 190 Mar24
. .
Oct
8«7yMar
5'?S
pref
Boston & Albany
Boston Elevated
Boston* Lowell
Boston & Maine
Mar'O'i Boston
3l'e
Lait Salt 165
Cast Hale ^fa
Atch Top
.
401a
407,
•14
15
*89ia 90
*80
83
'*88
93
1<
Jan 27
Jan 26
Mar21
4478Mar30
15678 Jau 8
Apr
34
102
29
86
96i4Sep
13OI4
15 Deo
361a Dec
154 la Dec
141
Jan2ti 132
Jan
Jan
4i4Apr
20 Jan
191a
29*8
May
May 140 la Aug
1447gjani7 130i4Dec 148 Jan
4734 Jan -4
21
Jan 47 Nov
11034 Feb 2
9214 Jan 109 Mar
4 14 Feb 21
3i4Mai
434 J'ne
II834 Marl2 116 Aug 124 Jan
33i8Febl(t| 17 Jan 28 Dec
5i2J'ly
734 Jan
878Mar30
250 Jan 13 239 Dec 257 Apr
180i4Jan 9; 169i8Mav 191 Jan
53 Feb 10 38i4Jau 5178.\ug
87SgFebl5 8OI4 Jau 88 14 May
Mar
198
9 tli)5'i J'ue
Feb 24
1
Mar20 131
1^16 Jan 15
1
140
2461^ Jan'
10 Jan
10
230
81a
108 14 Mar 9 100
23 Feb Id 18
26 Jan 2"/ 25
2J4
II
May 258
Oct
Jan 10i4Feb
Dec 114 Jan
Jan
J'ly 23
.Ma\
Jan 22
2 la May
Jan 27 103 Apr
867gFeb 1 57 J'ue
32 Jan 27 xSO'eDec
54i2Feb i 3479 Jan
11312 Jan 13 9S'8Jan
46I4 Jau2U
247gMay
llSigFeb 1 91 May
•50
Jan 15 •40 Mai
171a Jan 18 11 Dec
98 la Jan 19 90 Oct
86 Feb
821a Oct
98 Jan 11 91 May
110
Apr
206
Feb
3 la Deo
Dec 140 14 Apr
234 Jan
Feb
Jan 17 Jan
27 Aug
4 la Aug
115 Feb
Aug
90
34 12 Aug
57 Dec
117 la Apr
43i8Dec
107
•67
la
2 -J
la
104
92
100
Dec
Jan
Feb
Feb
Mar
Oct
iVUniiig
6Sf
39
•638
3834
65,
40
107 Is 109
638
•614
638
*38i2 39'4
10778 1083,
•10
12
39
63.
40
6I2
6 12
Adventure Con
25
25
5
290
Jan 10
634
Mar 13
May tl0i4Oct
18 Apr 49 Oct
70 Jan 11 lia Dec
8 J'ne 15»4 Deo
261, May 73 la Dec
1
234
1,730 35 Mar 6 47 Jan
Amalgamated CopperlOO 33,996 9934 Mar C 118 Febl3
Am Zinc Lead cS; Sm. 26 100 113* Mar 17 I634 Jan
67*%
25
6758 Anaconda
150 i6078Jan 5 74 Feb 14
*3ia
-334
3',
4
4
4
4
•334
3 Mar 5
4
6 Jan 8
1
7 Not
25
4 Arcadian
245
Ma)
•lia
13<
*lia
II2
2
•114
13.
*ll4
1
Arnold
IHi
1
Mar30 2 Jan 3 45 J'ne 3 Not
112
25
150
21I2 23
2138 2lia
22I4 223.
2II2
21 Marl5 28i4Jau
Atlantic
la .May
211a 211a
211a 215j
12
25
2,309
287eOc«
211a
3834 3834
3334 41
40
411;
40
401a *39ia 40
3334
39 Is Bingham Con Min& S 50 4,505 33 Jan 25 49^8 Feb 14 28 May 371a Deo
••66
•75
•65
•65
•75
••65
•65
•65
*-65
•75
••65
-70
Bonanza (Dev Co)... 10
5oO •60 Jau 10 •75 Maris •50 May 95 Oct
22'% 2234
2334
221a 241
23=8 24^8
2334 241*
23
534 Jan
35 Dec
23
23=8 Bo8tonConC&G(rcts) £1 10,580 20=8 Marl5 33 la Jan 2
685 686
683 690
690 695
695 700
690 696
699
699 Calumet & Hecla
25
198 680 Mar20 715 Jan 15 601 J'ne 720 Dec
•12
Last
•20
•10
•10
10
Sale
Catalpa
(Silver)
B-eb
Jau
Oct
Fob '06
10
12
Mar
•24 i^ 25" "25" '2'6ia 'W'-l'"27" '261^ "2634"
2634 27
32 Jan 12 16=8 Mar 34 Is Oct
26^4
27 Centennial
26 2,140 23 12 Mar
•...
6
6
6
Last
6
Sale
fiia
Central
Oil
8iaJaii
Nov'05
25
51a Sep
••63" •66
•"•63" •66
•67
•63
•70
'•"e'i" •66
^63
'63
Cons Mercur Gold... 5
^66
50 "til Jan
Jan 22 •30 Mar •75 May
80
80 14 811.
80
8UI2 8I34
80 7g 8II4
86 12 Jan 20 64 Jan 85i4Deo
80
81
80
80 Wj Copper Range Con ColOO 5,378 ^7834 Mar
14
14
141a 141s
1413 1412
Ills 141s
I418 I4I4
14
141* Daly. West
20
810 14 Marl9 18 Jan 5 11 la Mar 22 Not
7934 793,
Febl3 60 Jan 8634 Mar
79 Dominion Coal
100
4 76'2Janl6 84
•120 123
*120 123
120 123
120 123
Last
Sale
Do
prel
120 Jan23 122 Marl9 113 Jan 120 Deo
122
100
Mar'06
2I4
-2
"2
212I4
•2
•2
2
2
234
214
Elm
River
^
2 May
4 Oct
Feb23
Jan 12
12
75
2%
24
I912 191s
I912 20
20
1978 2011
20
I912 191a
Franklin
8 Apr 2018 Oct
1978
26 1,951 IO34 jan 5 21 Feb 7
19
131*
12'h 13
13
I3I4
1234 13
13
13
1038
1314
isigGranbyConBoUdated.
131s
13
5 Jan
Deo
10 1,895
93gjani7
's Mario
30 14
30
297g
30 Greene Consolidated. 10 6,439 25 'g Jau 29 aiiaJan 2 2034 J'ne 32 Is Dec
636
638
63^
6»8
534
034
534
534
534
-liiJan 6
714 Apr
534
7 Is Jan 18
534
3 Jan
910
534 Guanajuato Consol..
6
22
23I2
22
23
S
221a
24
23
•22
221a 221a
23
23 14 Isle Royale (Copper). 25
880 21 Mar 6 293^ Jan 6 17 la May 2834 Jan
•81a
9
8*4
834
834
834
834 .''"^
8"2
8iaMar2y 12 Is Jan 13
6 May 13 la Mar
8^8
85j Mass Consol
25
395
81a
•60
•56
•50
•60
•55
•60
•55
•60
•60
60
178 Oct
•59
1 Ja Jan 4 •70
Mayflower
'59
26 2,100 '50 Mar23
J'ne
•I3I2 133.
1334 14
1334 1334
13
131a
1>^
17=8
1838 Deo
Is Jan
131a
Michigan
10
Jan
14 131a
25
Febl6
I314
13 14
6^5
6OI4 601.
60 la 61 14
61
61
6 134
61
54 12 Mar 5 02 Mar29 48 May 6434 Deo
61
62
eiiaMohawk
61
25
3,119
413
4
41a
412
4
4
41a
Si2Mar2i
6i4Deo
4
7 la Feb 13
4
2 J'ly
334
3 7g Montana Coal & Coke 25 5,225
17»8 17^8
1778 181a
19
19
18 <% 183.
18 la Nevada Consolidated 6 3,593
1858 19
Jan :;6 19 '» Maris 10 la Dec 13 Dec
1818
82I4 8434
821a 82 Is
83 14 85
la
831a 83 7^
84
7434
92
841*
93
North
Butte
34
Mar o
Deo
15 7.922
Jan 15
Aug
8278
84
1
1
1
1
*-95
1
lis
1
•1
*1
178 Jan 11 •75
2=8 Oct
lipoid Colony
1
l"*
JMar23
25
500
May
46I4
45
45
45
46
4612
4578 46
47 la Feb 20 23i4May 361a Deo
45
45 la
45
46 Is Old Dominion
25 2,507 "^5 jan
101 101
103 104^4 103 103
104 104
103 la 104 12 103
25 1,227 ^-^ Mar 7 109 la Jan 8 SS Feb 115 Oct
1041s Osceola
•361a 3(l4
3734 39
3838 3838
381a 39
3834 383,
22 J'ne 47 Dec
3914 Parrott(Silv& Copp) 10 1,465 ^"114 Mar 5 48 J an 2
38
1
1
1
1
II4
1-14
1
1
•1
•1
1
Is Phoenix Consol
64u
Febl6 liaJan 4 •50 Jne 314 Jan
1
25
91
92
9534
91
*92
9234 93
94
114
94
85
95 May 118 Jau
94
Quincy
Janll
93
61!)
Mar 5
94
25
61-4
6I4
6I4
•5I2
534
534
•5I4
51a
8 '8 Jan 19
6
534
li4Mfty
•514
5 Miir 6
63, Rhode island
25 1,775
87e Oct
•lia
134
•Ha 2
•lia
134
2
2=8
lia
lia
liaMai-2y
lia -May
3 Jan
•158
taFe(
Gold
& Cop) 10 220
Jau 16
13^ San
7I4
714
712
71a
758
7^1
71a
738
712
9
6=8
Jan
738Shannon
Feb
7=^
534jani0
'34Mar21
10
2,515
•107 108 S. 107 108
'107 108
107 107
107 12 107 la 107
Mar
107 Tamarack
25
32d •i;107 Jan 1? 122 Jan 2 101 May 140
•12
I3I4 I3I4 *12'a 131a *12ia I312 •1213
13
*12
13
l2isTecumseh
2 Feb 16i4 0ct
150
Jan
2 lOisJau 8
25
46 14 47
451a 461-,
49
46
47
461s
52
5334
4834 •47
i2i4Mar
24
47
Tennessee
6
7g
J'ne
Dec
5
Jan
49
25 2,045
1038 Hi\
10i«
lOia lOis
10 14 1038
10
13=8 Feb
1014 1038
739 Jan
^ Jan30 ll'8Feb2U
10
10>4 Trinity
26 1,964
6518 66
641a 67 14
66 la 68
671s 6834
78
75
9
67
68
58
7
Mar
6612
Deo
671* United Copper
100 18,975
Mar 5
Feb
•95 100
•95 105
•95 101
99
99
•95 106
111 Feb2l 7 4 12 Nov 88 Deo
*95
Do pref
100
10 88 Jan
105
o5 Jan 17 21 Jan 46iaDe&
Last Sal 5i^ Jan '06 UnltedStates Mining 25
45i2jan
•12
121.
121, •12
•12
121,
12
12
14=8 Mar30
914 Apr 1334 Deo
13
13
1313
14«8 Unit States Coal &Oil 25 3,520
Jan
67
5738
57
57
5734 581a
57 Hi 5818
583g 60
66 Jau 20
59
5978 U S Smelt Ref.&Min. 50 8,821 51 Mar
45 7e 46't
45 7g 457b
4534 46
4578 46
45 7l 46 14 «4538
4:3
47 la Jan 20
pret
4534
Do
Mar
50
4,297
6I34 6234
03
64 14 65I4
6434
647fc
64
6514
6934 Jan 12 393gMaj 68=8 Not
64
6334
64 3^ Utah Con (Gold)
5 15,8t;l 56iaJan
9
81a
81s
O'lg Jan
834
8I2 Victoria
9 14 Marl 4
9
9
81a
834
25 2,315
C2 May t7iaOct
81a
81a
•8 la
9I4
•9
9I4
9I4
9
8I2
*8ia
*S3^
9
10 Marl9
7 la Dec 15iaFel»
8
8
Winona
25
5uO
Feb
•133 135
135 135
130 136
134 135
136 137
I3712 1371a Wolverine
315 131 Jan30 151 Mario 105 Jan 134 Deo
25
II4
lia
II4
liv
II4
II4
II4
Ha •II4 IH.
li4Febl7
lis J'ne
27gFeb
134 Jan 26
li4Wyandot
25
37o
•10
10614 1081a
•10
la
12
10
12
6818 6818
4
4
3
0778 10914
•^lO
12
381a
107 Is
12
Allouez
39
108=8
12
1
t
•
1<
7j.
H
'2
H
H
oBelorepay'tolassess'tscaUedin 1905
<t
Before pay'tolasseae'ts called in 1904,
*
Bid and asked.
||
New stock.
fAsa'tpaid.
t
Ex-rights, a Ex.diY.4rigWi
5
Mae.
Wkkk Ending March
9934
92^4 Sale
84
104
Atchifc Nebraska
Atdi Toil & S Fe gen (:4s. 19SJ5 A.O
J'lyl995 Nov
Adjusfment g 4»
Boston Elect Light 1st 6s. 1908 M-S
1924 M.S
08
Consol
1907 J-D
Boston & Lowell 4s
AG
1919 A-O
1st 48
lt*13
Debenture 5s
Denver Exten 48
Nebraska Exten 4s
1922
1927
1921
B<fc S W8t4s
1949
Illinois Div 3 i^s
Joint bonds See G-t, Northern
Chic JcRy <fe Stk Yds 5s .1915
Coll trust relunding c 481940
StP Dub I) 68.. 1920
Ch & St P Wis V div 6sl920
Chic & No Mich Ist gu 5s. 1931
1921
Chic* WMich gen os
Concord <fe Mont cons 48. 1920
Ooun<& Pass R Ist g 4s. ..1943
1927
Cnrrent River 1st 5s
Ist 48... 1946
DetGr Rap<fe
Dominion Coal Ist s t 5s. .1940
1906
Eastern 1st gold 6s
1908
Fltchburg 5s
1915
:.
48
1927
4s
111
102
99
Sale
92
95
104
104
hi
Jan
'06
.Mar'06
102
14
101 14! 103 's
93 14
95112
88
97
105 14
99 »8
J-J
93
J-J
.106
AG
J-J
J.J
13
ip
May'05
101
Feb'06
lOSOsNov'OS
100 Mar'06
loo's Jan '06
9958 Jan '06
93 Mar'06
9934 100
114
HI
IIH4
'99"
'ilVt'g
Mexican Central cons
90
87
99
Feb'06
124'4
Jan '06
Feb '05
9912
126
124
loo 100 "2
lOSi^ 105 V2
OU-'Sg
9953
93
94^2
20 IOS1.2IO7
99
99 "2
124 '4 124 '4
109 Nov'05
M-N
102
J-D ioi" ioi' 102
109 V, Mar'02
J-D
'03
112'4
Jan
AG
106 Feb'06
A-O
'Oi'
97
Jan
A-O
M-N 100 101 loo's, 10
100
Mar'06
M-S
100%
14
103 Hz Sep '05
M-N
M-S
103 Is Apr '05
102'.. Mar'06
M-S
139
12 Oct 'O.T
rremtElk&Mo"Vlst68..1933 A-O
140 Apr '05
1933 A-O
Unstamped 1st 68
102
105
.
106
W
cfeQ coll tr 48 1921
J-J
1921 Q-J
B6gi8tered4s
99
99^8
99
98'o
NoTB— Buj-er pays accrued Interest in addition
97
100
A-O
AO
J-D
M-N
M-S
98'8 101^4
9858 1011s
"i?
A-O
4s.. 1911
J-J
Jan 1939
Jan 1939
J'ly
J'ly
RB&
ACTIVE STOCKS
(For Bonds and
'Jiiesuav
Wednesday
Thursday
J>Yiday
March 28
March 29
March 30
103
31
•85
103
31 14 31 14
103 12 103 "a a03i,104
102'>4
94
104 12
80
82
104
J-J
J-J
J-J
J-J
103
Ang'05
75
J'ne'O;;
99«<i
94
IO4I2IO41U
101 102»a
9312
84
117838
asH
2338
12
-i.-i>2
99
100 >2 Oct '05
IOII2 Feb'06
10234 Kov'Oo
104
104
9812 100
lOli^lOlHi
104
104
FA
Jan
1Iiai3p
'0
1H21-'s1[12]as
103
103
98
105
98
109
100
100
i-j
MS
M-N
102\ Jan
FA
lOinglil'M^a
11034
9979
102»8
102»8lO'i»B
Daily,
and
'06
lO'ii^ io-i^g
103 4
101
H Flat price.
aake<i.
Weekly, Yearly
Hange tor lYevious
Year (1905)
Jiange lor Year
'
Is
102
Mar'06
102
119412 Sep '05
io9'ii!!!! 109=8 Auk'05
latest bid
155
154
109
1197
10134
10134
101 12 102
J-J
J-J
J-J
;
Jan '05
103
102 Mai*02
98 100
98 Mai '06
105 12 105
Sale
1051a
102 Dec'O,
100 Jan '06
10438 Feb'06
^155
Feb'06
156'i:157H,
109 14
109 14 109 14
99 "a sale
99 Is
99
102
102
10534 Oct '05
J-J
Friday
1I102'8
1112138
10712 Nov'05
Sales
the
Jnccctive
233p
17''4
123 1«
122
99
10414 J'ne'04
1906
ot
Stocks see below)
10512 106
99
v9'4
93 ^ Mar'06
•;
104 Feb'06
1 01 ip Mar'06
120 12 Sep '04
101i4Sep'05
118 May '04
81 14 Mar'06
23''8
High,
IOII4
101 »a
101
lOO
10212 Aug'04
1
No price
Low
100^4
128'sJ'ne'04
102 Oct '05
105 12 Mar'06
122'*. 122
122
FA
J-D
FA
1914
1916
Gold debenture 48
Gold 48
1917
Western Teleph & Tel 58.1932
Wisconsin Cent 1st gen 4sl949
Wisconsin Valley 1st 78. .1909
"
Since
A-O
1939
Bo.ston Term 1st 4s
1924
Okl Colony gold 48
Oreg Ry & Nav con g 4s.. 1946
1922
Oreg Sh Line Ist g 6s
Repub VaUey 1st s f 68.. .1919
Rutland 1st con gen 4128.1941
Rutland-Canadian 1st 481949
Savannah Elec Ist cons 58.1952
1930
Seattle Elec Ist g os
1929
i'erre Haute Elec g 5s
1918
Torrington Ist g 58
Exchanges— Stock Record,
March V7
100^4
98»4
1915 A-O
J-J
5s
New England cons g Ss. ..1945
to the purchase price tor all Boston Bonds.
Monday
March 'id
99
93
MS
Gold4i2-s
102 410212
Mar'06
12l:'4
Ranoe
January 1
High
Feb '06
A sk l^vi
;oi
01
loo-, 101
M-S
grg48.1947 J-J
1911 M-N
Ist lien conv 4a
United Fruitconvgen58.1911 M-S
U S Steel Corp 10-60 yr 58.1963 M-N
1915 F-A
West End Street By 48
Share Prices— Not Per Centum Prices
Saturday
1st cons inc3s
2d cons inc 38
Union Pac
106
97
101
loo's 101
Philadelphia and Baltimore Stock
March 24
A-O
Mich Telep cons 58 tr rec.1929 J-J
Minne Gen Elec con g 58 1929 J-J
1929 FA
New EngCot Yarn 58
1906 A-O
New EngTeleph 6s
A-O
1907
68
1908 A-O
6s
lOO's 101
105 "u
10512
Biii
101 =4
J-J
1910
deben os
Non-convert deben 58... 1913
la Falls A Sioux C 1st 78.. 1917
Kan C Clin <fc Spr 1st 5-I...192.')
KanCFtSt&Gulf 1st 7s.. 1908
1928
Kan C Ft Scott <fe M 68
1934
KanCMcfe B gen 4s
1934
Assented income 58
Kan C & .M Ky & Br Ist 581929
Illinois Steel
KanCStJocfcC B Ist 7s. .1907 J-J
Maine Cent cons 1st 7s. ..1912 A-O
1912 A-O
Cons Ist 48
Maro Hough cfeOnt 1st 68.1925 A-O
114
109
100><)
105
89
/•ritiaii
March 30
ca.
lA>u<
lll'sJ'ly'Oo
89 ^8 Sale
109
M-N
M-S
ChMU&
M
Hxqh,
9933 100
93
110 Feb'04
104 >2 Apr '00
103'4May'05
114 Mar'06
112HiJan'03
IIII4
111 '4
102 Sep '05
99
99
100 J'ne'Ol
129 J'ne'05
114
M-N
FA
99^4
9234
10l»4 102', 102
•doH
.
1916
4s
1944
Boston <fc Malne4'12^^
3
'28.1947
1st
Terminal
Boston
1918
Biir&MoRiv ex 6s
1918
Non-exempt 6s
^'^„
Sinking fund 48
1917 AC
Butte <fc Boston 1st 6s
Cedar Rap <fc MoK 1st 78.1916 M.K
1909 J-D
2d 78
Cent Vermt 1st g4s..Mayl920 Q-F
C B <& Q Iowa Div 1st 5s. 1919
99 5g
88
101
85
1
Week's
Range or
Last Half
thrice
BOSTON STOCK EXCH'GE
WkeK ENDINO M.\KrH 30
Since
January/
High
Ask Low
Uia
Range
Week's
Range or
Last Sale
friclav
starch 30
30
1908 J-J
Am Bell Telephone 48
1929 J-J
Am Telep & Tel coll ir 4s. 1919
J.J
Am Writ PaperlststSsi:
l8t78..1908 M-S
GtNor C B
743
Boston Bond Record.
31 1906.]
boston stock kxch'gk
lowaDiv
U
5
1
Week
Lowest
Shares
Highest
Lowest
Highest
Baltimore
87»a
•3034
.
5912 60
*1»^ 1838
103 "4
31
6038 60*2
*5034 51 12
»36»8 35^8
III4 UI4
III2
11
*5034
3534
•42
4z
20
110
43
•1934 20
110 110
74^8
2I4
51
>2
3«
III2
12
11^8
75 4
43
20
110
7512
773^
23^
238
23v
631316
6834
69
541*
54 Is
541.
7 '8
*7'8
8
455i3ie 66»ie
66I18
45'2
*48'2
62
68 'i
54
•734
28 14 28',
45*4
*48'2
621,
9434
45 S
49
62 14
95
28
'5034
3534
11^8
*lll2
43
'•i
1978
110
761-2
511.J
06
11 •'8
12
4334
19^8
110
78
2<8
236
68i'>]6
6938
5412
8
5438
7-8
27 '8 28 14
67 7f.
66=8 68
4538 4539
^4812 49
6178 62
49
62
95-^
9534
Bid
PHII,.\l>b:i,|'MIA
96
50
10
Bell Telephone
50
Cambria Iron
50
Central Coal & Coke. 100
Preferred
100
Diamond
state Steel. .10
Preferred
10
Easlon Cou Electric <;.50
Klec Storage Batt
100
Preferred
100
07s
57
49S8
Preferred
26
79
30
N
Haven
28
..50
10
50
H. 50
Iron & Steel.
Northern Central
5()
North Pennsylvania.. 50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferre<l
loo
PhUa Co (Pitts) pref... 50
Phil Genuan & Norrl8.50
Phila Traction
50
Bailways General
10
SuMfiueh Iron & Steel..
Tidewater Steel
io
Preferred
10
Tonopah Mining
tJnion Tr ot Ind
of
Nevl
loo
United N J RR <fe C. 100
Tnit Trac PittH pref.. 50
Warwick iron & Steel. 10
West Jersey & SeaSh.50
Westmoreland Coal.. ..50
Wilkes Gas (^ Elec.. 100
•
•'11'2 12
43
4312 43 >2
'19'2 20
19 '8 1978
109 109 14 'l09 110
76=8 78
7714 78
11=^8
6914
5438
69 14
5^12
71^16 7'5jg
7i3ie
fl6
28
67
28
4t5i^
49
617,.
96
541.^
28
67 14 673,
•45
46
•48
49
6178 62
95 12 96
67l3io
*4534
•4812
6I34
96
36
1<
PHlLAOEliPHIA
B ext 78
Bid
1910 A-O
11412
102
AmRysconv5s 1911.J-D
Col St Ry 1st con 5s 1932
CouTracotN J 1st 5s. '33
E & A 1st M
5s 1920 M-N
Elec <fc Peo Tr stk tr ctfs
Eq II Gas-L 1st g 5s 1928
& B Top con 5s '25 A-O
4s. 1933
Interstate 4s 1943 ..F-A
Lehigh Nav 412S '14. Q-J
RRs 48 g
1914. Q-F
4128 g. 1924. Q-F
Gen
Leh V C latos g '33.. J-J
Leh ext 48 1st 1948. J-D
2d 7s 1910
-M-S
Consol 68 1923
J-D
Annuity 6s
J-D
Gen cons 48 2003. M-N
16
17
66
2I2
V
Leh V Tracl8t4s'29.J.D
NewConGas5sl94S J-D
107
50
103
50 14
ioVii^
114»2
113
100 loo '4
107 14
109 110
88
87
6834
68
10512
113
11312
10912
II2I2
100>4 101
il034
98
NoOhioTraccou58'19.J-J
99
9914
1
II4
NoPenn
Ist 4s '36. .M.N
Os r 1910. .Var
r 1919.. -Var
Penn <fc Md Steel cou 6s.
Pa
Y Can 78 '06.J.D
Con 58 1939
A-O
Con 4s 1939
A-O
Penn Steel l8t 58 '17 M.N
People's Tr tr certs 48 '43
P Co IstA col tr 58'49 M-S
Penn gen
534
70
93
54
18'4
6
Con<&coltr58l951M-N
'66"'
10812
Consol 5s
&N
1812
Phil Elec gold trust ctfs.
Trust certifs 4s
Bid and asked prices; no sal^ op this day.
1|
I^xo'l^hts.
160
51
Marl 5 54
'
||
11334
118
E gep
21
Jan 15
Rycfe
10934
10612 I0634
9934
99
68 Wj
1)9
$7.00 paid,
J.D
12 J
Welsbach s t 5s 1930. J.D
Wlks-BG&Econ5s'55J-J
Ala Cons Coal<fc lion. 100
Pref
100
Atlanta & Charlotte. 100
Atlan Coast Line RR.IOO
AtlanCoa8tL (Conn)lOO
Canton Co
100
Cons Cot Duck Corp... 50
Preferred
50
Georgia Sou& Fla...lOO
Ist pref
100
2d pref
100
G-B-S Brewing
100
BoikIs
Anacostia & Pot 58
Atl & gh l8t7...1907 J-J
Atlan C L RR4sl952M.S
Atl Coast L(Ct)cU8 5s J.D
Ctfsot indebt 48
J-J
5-20 yr 48 1925
J-J
Bait C Pass 1st 58 '11 M-N
Bait Fundg 58.1916 M-N
Exchange 3 128 1930 J-J
Bait
Ist 6s ml '11 A-O
Bait Trac 1st 68.. '29 M.N
No Bait Div 5s 1942 J-D
Convertible 58. '06 M.N
Cent'l Rycon58l932 M-N
Kxt<fe Imp 58.1932
MS
$10
paid,
lOUi-jJ'ly
f
)
Ask
ChasCityKy
103
Clias
11534 116
111
106
124"
124J<
Ry G
105
99
&83
72
Gas
J'ne
X
1734
Jan
i'.-m
5s
Ga
cfc
Bid
00
92
>2
'45 J
-J
32
30
100
75
812
ill
111
112
Lakeli El 1st gu5s'42 JI-S
60
33
I08
115
1st 58'38
General 5s....l941 AI-S
Norfolk St Ist 58 '44. .J-J
North Cent4'2a 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 5s 1941.. J-J
103
Sav Fla ife West 5s '34 A-O
.Seaboard A L 48 1950 A-O
Seab ifc Roan Ss 1926. J J
South Bound Ist 5s.. A.O
114"
U El L&P 1st 4 128'29 M-N
Un Rycfe El i.st4s'49 M-S
lO'i',
Income 4a 1949
J-D
Va Mid Ist 68 1906. .M.S
19
11...
2d series 68
M-S
9912
3d series 6s 1916.. M.S
115
106
12012
102
i ;p20 paid,
12
IUI4
II3I4 11334
430
9
1-.,
1-Zl
95
"2
"a
112'
M-N
33
37
102
80
107
115
107
II2I2
106
Npt NtfeO P
95
114
105
113'...
no
10634 107 1^
112
93
93 Vj
106
114
105
112
116
II9I2
102
114
112
11711.
110
113
106
105
M<!tSt(Wash)lst5s'25FA
Mt Ver Cot Duck Ist 58.
Incomes
imj
Ask
106
95
175
93',
Apr
Nov
GaCar&N Ist 5s g '29 J-J
Georgia P Ist 6s. ..'22 J-J
GaSo & Fla Ist 5s 1945J.J
G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 M-N
Knox V Trac 1st 5s '28.\.0
170
160
415
90
Aug
Nov
i Apr
39^8 J«in 71i3ia
1910 J.D
1939 J.
Ala 1st cou 5s
;i
Jau
45 May 47 '8 Aug
42 Jan 50 12 Nov
58 '4 Mar 63i4Uct
90 J'
1253y Apr
20 F eb 31 Nov
Ist 5s '23 J-J
El os '99 M-S
6s...
534
8
UharlCtfe Acxt58.'09 JJ
2d 7s
1910 A-O
City cfc Sub IsV 5s..'2'2 J-D
(;ity& Sub(Wa8)l8t5H'48
Coal & I Ry Ist 5s '20 F-A
Col&Grnv lst6s.l916J-J
Cou.sol
s8^
116
70
<fc
Mar
Nov
73 .6
55 14
iiAi.ri.«ioK.i<:
II312
2514
Jan
4034
Feb
Jan
90 12 Nov
12
G5l3ig .May
1
rJ»8
17 14 Jan
49
1231-2
Jan
^ 78 Dec
52
t
.^
BALTliUOKE
i
.
10'2Jan
8I2 Dec
36 Nov
14i2Maj
1
Inactive Stocks
paid,
2434
i
Bid
544 Apr
May 32 Dec
Jan
48
1
i
L con 5s '54J-J
U Trac Ind gen 5s'19.J-.l
Un Kys Tr ctfs 48'49J&J
U Trac Pit gen 5s '97 J -J
t iplS
Jan 27
Jan 24
Jau lO
Jan 4
48 Jan 19
2334 Jan 15
118 Jau 19
8534 Jan 18
3i&i« Jau 10
-311, „3 J an 22
3734
12 -Ji
14
2i4Mar21
H8>2Mar 5
51 Jau 5 a54'2i Mur::;6
8'./ Jan
8,976
738 Jan 11
13,920 27i8JIarl6 31I4 Jan 27
41,561 62" IB Mar ^ 83 Jau 23
21 417gMar 1 47'ii83 Jau 23
48 -Mar
51 Jan 23
KOO 6l34Mar28 63*4 Jan 3U
,146 9238 Mar Iri 101
Fob 15
30 Jan 6 32 Mar 1
ConM 6sgl911....JD
Ex Imp M 4s g '47. A.O
ConM ot '82 4s '37.J-J
Terminal 58 g 1941. Q.F
P W & B col tr 4h '21. J-J
Roch
9i2Jan
Jan 2
40
835
471
M 5 g '20. A-O
78 1911
2
2
10,;i06
Gen M 48 g 1920. .A&O
Ph & Read 2d os '33. A-O
M
5
613 la-'sJan 2
133 109 Maris
9,544 71 Alar t
&P
109
3034 Jau
J lis .Ian
8»6
.
Newark Pass con 5s 1930
NY Ph & No 1st 4s '39 J -J 102
Income 4s 1939--. M.N
<fc
Con
Atl City 1st 58 g'19-M-N
Balls Ter 1st 5s 1926. J-D
M
62^4
Jan 8 19
1,115
PHILADELPHIA
Ask
P
Ry
15
50 6,971
Cambria Steel
961
Electric Co of America 10
12 Oen Asphalt tr ctls
100
42
100
Do preltrctts
19=8 20
100
Lake Superior Corp
109 110 Lenigh C & Nav tr ctfs. 50
7734 Lehigh Valley
76
50
'238
2'. MarsdenCo
100
6918 69" i« Pennsylvania RK
50
54 •, 54 V Philadelp'aCo (Pitts L))(i 50
7i5io 7l5io Philadelphia Electnct. 25
29 "4 PhUa Rapid Transits. . 50
28
50
66 4 67»i8 Reading
45
Do Ist pref
45
50
*48
49
Do 2dpief
50
6178 62
Union Tracton
50
94I4 9434 United Gas Impt
50
"29
30 WelsbachCo
100
212
68 'e 6938
5134 -Vraerican Railways.... 50
42
43
Indiaiiapoli.'i
KeystoneWatchCase.lOO
Brotliers
Little Schuylkill
Mlnehillde Scliuyl
1138
H
50
Irit
•5114
35^8
11'2
III2
1,175
May 90 Apr
May 11034 Sep
an 34 Dec
83 -Mai 9 1 12 Nov
47 7^ Jan 64 Dee
12 "a Apr 18 Mar
83
99
Philadelphia
Berg&EBrwlst68'21J-J
Bethle Steel 6s 1998. Q-F 120 121
48
Che AD Can Ist 58 '16 J-J
Choc<&Mol8t58l949 J-J 110
Ch OkcfeG gen 5s '19 J-J 107 »3 108
50
Harrison Bros pref... 100
Indianapolis St
100
Indiana Union Tr
100
Insurance Co ot N A.. 10
Inter Sni Pow<feChein.50
Keystone Telephone
1814
51I2 5II2
3618
36
Al Val
612
56
49 %
NJ...100
Oennaulowu Pass
IS"*
Hands
American Cement
'I'rac ot
1814
S5ia
62
•61
61
5II2 51»2
35^8 36
1138 III2
12
12
Ask
Inactive StocUs
Allegheny Val pret
v.onsol
3112 3II2
54 14
110 83i2Jan 3 89 Mar 1
149 103 Mar26 10712 Jan 29
203 29 12 Feb 9 32 Jan 17
89 12 Jan 22 9134Mar30
1
240 60 J.an 23 62 12 .Ian 5
86 Consolidated Gas
100
103 12 Northern Central
50
31
100
Seaboard (new)
9134 9134
100
Do latpref
*61
62
100
Do 2d pre!
1834 1876 United By & Electric 50
86
*103
3II2 31I2
31
8512
61
1814
28145'..
95
'601*.
•17 '8.
*85
4th ser 3-4-58 1921. M-S
5th series 5s 1926. M-S
Va (State) 3s new '32. J-J
Fund debt 2-38 1991. J -J
West N C con Cs 1914 J-J
61134
'4
86^.
109
109
118
118
112
116
3334
110
8714
100
•.
no's
114
il«>a
118
ll'>
90 14
114
114>2.
9.S
90 >a
116
100
92',
92%
75
75'*
107
110
109»2 llOS.
111
112<«
94
95
'i
96>8
}12l5
WesVaC&Pl8t6g'll J-J 108 108 la
Wil & Weld 5s.. 1935. JJ U7i2 120
a Beoolpta.
b $2i> paid.
THE CHRONICLE.
;44
[Vol. LxxxTfi.
business at Stocli Dxcaaaees
ot
IKA^IiACriUM.s Al
1'HJl
^.EW VOKK Si-OCK EXCHA.NUfc.
5i
(JO
1I>
{
a9
104
}
118
101
iO'
lin
40
97
95
42
102
110
haiay'eoaslst 6s'J4..M-N
:;h
A-O
lacKsou na« '<» n '37.A-0
Kausas City Gas
loi
UAlL\, WKhlKLY ANU VKAKLV
1,.1'cledc
Gas
1iPr«lerre<l
Me4;^ •'ntitni/
Katiroait
Hniidt
March 30
1^^I.H
liiiarrf
ijaiui-(la>
^l^.rt ^..r)iio
bTii.OS?
H5.il71.'.jil
7S.()S;j.7()0
i.i'0;!..")oo
•J.i-.'O.'iO"
JO:t
(>7.ii7l)..<00
-',IJSU.")00
776.576
7l.4ys.&U()
.\o.8lla^o^
Lo
I
March
:in(t niift.
boiio-
'iCrucible
(J
.N.ild;
1, SOU. 900
};2,424,000
2V.1'J><,0S0
U, 127,000
20.027,000
1H7,255,I>00
309,700,700
.351,7'.ty.55i)
i;214,90.>.OjO
.f2-'.470,OO0
112
43
75
16
17
8<4
Chemical ..100
1 00
80
102
MO
105
1
14
Con Copper. ..10
Greene Consol Gold.. .10
Greene Gold-silver.... 10
30
30 >4
3
3Hj
3 "a
t7iiggeuheiu)Ex))lo'u.loo
280
1
HackeusacK Water Co —
Ref
94
160
128
85
105
13
7%
(ireene
53
101
Atlantic 2;
"ilSoutlieru di
Preferreil
Gold Hill Copper
tl22i2
1|
he
oHj
38
70
10
Preferreo
95
137
92
135
100
loo
100
100
100
100
Empire Steel
li
so j\.mer. loo j;130
Cominer UnTel(N i').2.'i 115
Emp dj Kay State Tel 10(i 78
Franklin
loo
47
'itiold dc stock
100
iludsou River'leleph lOi.
91
11
155
lUN Vdi.V J Teleph
North western Teleif. '»
124
2,'.
Pacific & Atlantic
80
10.«
1
Preferred
&
'ICentral
Mt
77
loi
133
5
l|(ieueial
28
14
lot'
Douglas Copjier
Electric Vehicle
105
loo
96
}
u
tl
list
loo
Ooininiou Copper
Electric Boat
a 03
7
Vi
H
Cuban 08 o. 1896
liUmmoud .Match Co.lOO
28
70
J.|.
Klecioi
Con « 58 1949
-M-.St Joseph Gas 5.S 1937. J -J
II
.->leei
Prelerrod
"
aw,,
111 .lt)t
li)-ji)
i37'
91
Preferred
$94.05(1
4l.99.s.iOO
rl3.ol;l.70o
i'OUil OOll'lH
ml
6
10
30
Prod Hef Ne' .Slock Excli
Cramps' .--11 iV Eii Blitgl Oo
a<w
A-(J
Tclegr ifc 'IVIephoiie
IjAmerTelesrA Cable 10.
7r).l7'i.4,S4
41541.400
$19,000
Pow-
<fc
U5
Hi
10
tto
Hatter.vlO'
.-.itora'.'e
Com
iU
1»05
lf06
79,242,078
BO.NUS
^overiiiiiciilboiKlStalc OoLilB
I
1st 6s
$10,800
t37i,5:{4,35o!f47?,l!'7,..';;ri )7.171.:i.-!O.S00!+-(5,963,74y.22.)
.riti-J.OjO
•T>3'J4,050
t51,40o
;);L5,200|
simres, par..
$i6.yO0
II
I.
58 193S
•itJdc
January
5,097,(541
4,JOO,7o2
t
No Hudson
.--oO
Pat& PasOasdfc
i;t05
lUo6
RK.
ll.wOO
for/c 6toc/c
—
Paj value
Cous
43
38
LuKifcWabV lHt()s'25.J-l'
;u
.\ladis. n i-ias lis 192l).Ai
} 1 O.i
-N'ewark Gas Os 1044. y J a3.5
.N'ewarK Cou.soi <iaM..10ii
111
llCon K 5s 1'.I4'>
J-I)
1,012,000
March SO
i-iiaini,
*.i,li|IO
t1I.1v7.000 *i.86i>,;ioo
4,200,75V! l•:^7l,5a4.:^5(l
aioiK..
BanK
t8H 1,000
1.840.000
7,">,'i(7.7t!i)
WetK
Aew
Honilf.
>-,
60
20
Cousol Rubber Tircloo
Preferred
lOO
Jlebeuture 4s
I
:i-21.T0'.l
71u
loi»
Hnndf
tattM;
t'ar
.MiiiiOiiy
I'm-HiiMy
WeiiueKcia}'...
Itiursiuiy
Kriiiuy
.stale
•trc
2«
.M..\
I
tlinri*
ConsolidCar HeatinclOc
1;Cous Firew'ks cuiu .lOo
100
^iPrelerred
Con- Ry Etifd: Ketris:. lOo
Gas—
Iniiiiuia .Vaid;; 111
l«t Oh lltOS
iidiauii)>oliH (4ax
jKl •- 5m lii52
ami
lii:lii»tr:ui
AtH
ilia
Volume
g4s52op
300
t93V
12. ..J-J
Hall Signal Co
93
24
33
lA
100
Havana Tobacco Co. .100
Preferred
1st K 5s June 1 '22. J-D
Hecker-Jones-Jew'l .VI if
Ist 6s 1922
..M
Her'g-Hall-.Mar.iiew .100
fioboken Baud dp Imploo
Ti5s 1910
M..\
Houston Oil
100
Preferred
100
Hudson Realty
lugersoU-Ranci pret. lot/
;'5
26
36
80
I
Electric
UAILV rKANSACTlO.Ns AT TliK BOSTON AND i'HU.AU KLPHIA
liXCHANGKa
Edison Co Hee C liicajio list
160
IlKiugsCo El Life P Co 1()(
J 45
Xarragan (Prov) El Co 5i tx 19 103
.\ V & y El LdcPowColoo
58
50
80
Prel erred
70
lot
60
U uited Electric of N J loo
50
75^.
48 1949
J-D J 75
Cliicaiio
fkiladel.p'i-ia
Wee>( endini,
March 30
Usieu
1U06
Bond
Vniistea
shares
s'iare^
Jiond
UnLislea
shares
Listed
shares
sales
(Joiiiiiiiiiicn
saies
1
*35.6oO
MoiKlay
9,120
4J,027
4.042
13.211
Tue.-4iiay
32.u:-i4
20, /17
20,227
27,24H
31.b7^
14,i;52
39.000
33,000
11.103
2 a, 000
Saluriiay
Weiluesuay
.
Tliur.sitay
-*YiUay
72,508
J(j3.1oo
Total..
12,702
19,J45
17.961
11,1)15
l',7ld
8ti,30.i
5,937
1U,j52
7,000
19,500
8,783
23,:!00
1.S12
8.i40
11.589
$38,200
70,590
51,500
49,100
i339,200
55.754
95,757
H^103,100
43.1)00
Feri-y Coiiipniiiex
2'2
104
72
I
92
109
110
101
00
92
30
97
'i
Outside Securities
A WeeKCy Review
Outside Market
01
Bui
will,
lound on a preceding paye.
be
xi'eei liaiUvayM
Aslc
bake
.-^t
(Clue) Kl
Hee L
NKW YOKK CITY
M^oiii.sv .--t 5.S 1930..J<fc.i
Lynuito Bos 1st 5s '24. J -1'
30
34
BleeckSlife Ful F stk loi;
ii2
95
New url Kysd; Laj;lit.lOo
1|lsLu]orl48 1950 ..J-.)
Preterreii
24.)
lOu
H B'y & 7tli Ave slk ..lOu 240
New 4 '-js
lul^. 105 S;
1|Vi(i morl OS 1914 ...J -J
North Clue street .see C
Cou 5s 1943 Hee slock iiXCll list
Pub Sei V Corp ol N J 100
B'wuy Suif lst5SK" 1924 nos uo
Tr ctls 2>to to 6>'o perpet
360
llCeul'l (Jiosai'u sLk..lOu 340
Coll trust 5s yoRl uotu.1J8
111st U OS 1922 ...A1-,.N J 115
209
1909 optional
M-N
TlCeu Pk N ds K K stK.lOO 205
180
Nortli J ersey St Ky lOu
172
flClir'l'riSi. loiliSt blk lou
l8t48 1948
Al-N
Colds 9tli Ave 5s Nee block Exch Usi
Cous Trac ol N J ... lOu
Dry D t. B & a—
113
1st 5s 1933
115
J-1)
Ijlsl j^oUl 53 1932. ..J-lJ
981-2 10.1
New'k Pas Ry 5s '30J-J
F-A
ijscrip 5s 1914
Rapid Tran St Ry..lOO
400
3^0
flKighlU Avenuo slK.lOi
Ist 58 1921
A-O
F-A 105
libcnp Os 1914
110
J C Hob<fc Patersoulou
11420 <fc Cir SI F'y stk.. loii 395
jM-N
48 s 1949
75
42USIM & SlJS' A v.. 100 55
103
106
So J Gas Ei <& Trac lOU
Ijlsl morl 6s 1910 ..Ui?
tiug5s 1953
6o
84
l|2<l lucome Os 1015 J-J
No Hud Co Ry Os'ilJ-J
Inleruoro-Melropolitan
52'-.
53
5s J928
J-J
Xew com. {Vfh. i-ssuetl)
>8
Kxl 5s 1924
b7
J\l-N
JS'ew iirel. (.wii. is.sueil)
90^4 9l
Pat City cou Us '31.J-U
4 '2'o Ooniis (\vh, issue.l)
2il lis
2.i3
1914 opt A-U
luterboroutiliKap Ti. 1"0 232
So Side Kl (Clue)
Hee V
LexAv cfc far F5s .Ve&i IC cxc ,1SI
Metropul Securities .Vc Stk h. X list Syracuse Rap Tr 5s 1946
X list Trent P & 11 5s 1943J-L>
Metroijol Street Ky ice Stk
Uuited Rys of St L
i95
Ninth Aveuue stock. loi, 185
JlO
Com vot tr cits
100
SecouU Aveuue stockloo 205
103
100
I1 Preferred
lllsl morl 5s 1909 .M-.N aoi
6e«btk
F-A all3 ii4y (ien 48 1934
Cousol 5s 1948
170 IV.
UnitRysSanFrau iSeeSlk
llSixtli Aveuue slock loo
Wasli Ry dt Kl Co
100
Sou Boulev 5s 1945. .J-J ^00 104
Preferred
100
So Fer 1st 5s 1919. ...\-u 4 108 109
48 1951
J-1)
Thiril Aveuue 6«e Stock fcXCll list
100
P ds 5s 192.^ «105 108 II West Chicago St
Tarry
M-xN
10^ iv
llCoug 5s 1936
i'kersStliU 5s 1940A-U }i06
112
28tli & 29111 Sis 1st 5s '90 nil
Twenty -Tli'd St stk 100 395 410
Gas Securities
Uuiou Kylsl5sl942 b'-A no8 111
NEW YOKK
Westcliest Isi 5s '43 J -J aio'.. 1121.J
Cent Union Gas Ist 58...
Con Gas (N V)8tk. Hee bt
BROOKLY.N
Couv deb 6s ctfs 6eeStk
103 iv IIMuluai Gas
Allan Ave 5s 1909. .A-O 4101
100
New Aiiisteritara Gas
(Jou 5s g 1931
A-O lll^-. 113
K5s 1933. .A-O 100 102
1st cousol 5s 1948. .J-J
B B<fc
239
N y <& East River Gas
Brooklyn Uity stock.. .10 23/
1st 5s 1944
(Jou 58 Hee Stock Kxcli list
J-J
Cousol 58 1945
Bkin Urossln 5s 1908. J -J 101
J-J
ma
a
'/lOit'-j
112
35-.:
37
82',
83-^
90
90
;uca.!>u
list
i
117
74
.
-i
M
W
122
74
'•.
Bku liKt8lSt58l941 A-U
Bklny Cod; bub 6'ee btk
Bkiyn Kay T'rau tiee Stk
liOouey
Is.
1st cons
€fc
Brk O di N 08 1939 .J -J
6r st&N ew l8t OS '00 F-A
Co. KlevateJ—
let 4s 1949 Hee block
100
58 1944
A-O
ISee St
lsl48 1951
\N'b'>!&Flatl8tex4»2s
bteiuway lui 6s 1922.J-J
N
OTHUK CITIES
"Burtalo btreei
Ry—
cousol 58 1931. .F-A
lieb 68 1917
A.O
X;hicago City Hy
See C
ColUiUbUs (O) St Ry..lOO
Prelerrea
100
Cbl&ui Uy con 5s aee Pli
Crobsl'w'ii I8l5a '33.J-D
,l8l
N Y <& Riclimoud Gas.lOO
Nor Un
1st 5s 1927. il-N
llStandard Gas com ..100
285
100
113
11
:
,100
...M-N
i
i
80
82
ao/iii 108
ni2
114
24a
aof*
25
255
75
126
12.)
no,-i'-j
102
114
113
lOd
75
1
Prel erred
75
50 t 71
Seaboard Air Line
CoUtr5sl907 op...M.S 100 101
SeaboardCo
*'ee Ball Excli list
Va ife ;50uthwesteru..l0()
60
90
•..
nob
ao3
Preferred
loO
Americau Chicle Co.. loo
Preferred
lou
list
lOJ
,S,
41
>-?
k Exc
Kxch
U
Hi'-i^
88
Consumers"
'ao6
107
UDetroit
lucaKO
list
iClizabetli
10414
110»4 112
103'-.
lOssex
2d preferred
.\mer Steel Foundries—
.li 6s 1935
.^.merican .surety
5o
A&O
American Thread pret..
Am Tobacco (uew) com_
«105
5108
108
110
no3
106
150
170
100
145
9'-.
list
95
6s 1925. .J-J
Bergen Co.. 100
Gas
44
CO
130
49
62
Utipids
111st 5s
_.
101
mo
50 tiio
Gas
Gas Lt Co.. 100 275
Gas 100 128
1915
Hudson Co lias
i^rice per su. t Sale price.
7
"F-A
aoi
103
100
110
ill
'
ol (.'oi>per
Preferreil
.6
195
130"
Beach Co. 100
Transit
4^4
13
17
11^,
12i»
••s
t
8
t
23
"3.2
»
Mortgage Bond Co... loo
ilosler Safe Co
100
Nat Bank of Cuba
10
National Surety
10
Cons'd" Copper.
liNew Central i;oai
J Ter l>ock& Imp. 100
N Y Biscuit 6s lyii.JM.N YMtgeds Security. lOu
IjNew York Dock
lOu
IJPreterred
lou
N Y Tiausportatiou..
Niles-Bem't-Pouil pt.lOO
liontario .Silver
loo
Otis Elevator com
100
Preferred
loo
13
4-,
n)
lo
73 14
105
115
108
145
lis'
Nevada
19
;i5
46
43',
4
.*4
li 21.^
200
40
82
!04
50
i-.
8512
5
t
105
2'-
'
6J
loo
'i''
3
61
105
3I4
50 I 2-.'J 29
Prelerred
50
5'e
50
/
9'-.
Pittsburg Coal .Sec Stoci. Excli list
9
t
4'..
Oz
Pope MaiiuLiCturiug. loo
•.-'a
Stk E X hst
Ist preferreil
70
..100
73
lo5
2d preferred
1
105 ^2
loo
16
100 105
Pratt & Whitn pref..loi
lOJ
M5
Realty Assoc Bklyu)10t 16S
1
4
172
Royal Bak Powd pref.lOO llO
50
60
112
Safety Car Heattfc LtlOt, 300
7
10
1
'-J
i-j
(
89
188
i
4
1
485
Seneca Mining
.SiU'jer .Mil; Co
lou
Southern Steel
4I2
Istsf gos 1930 opt M-N
blauoanl Cou pier comfou
t.
.ill
540
.J55
195
92
5
04
4 J'.,.
Preferred
loo
Standard .Milling Co. loo
Preferred
1 00
I-.:.'
lu
37
bO-i.
Staudaril Oil of .V J. .100 C50
.Sw^ittdB Co See Boston St K Exr
1st 5s 1910. 1914
J-J ao3
Tennessee Copper
47
25
^iTexasdc Pacific Coal 100
65
1st 6s 1908
...A.ly ao5
Title Ins Co of N Y..10U 198
171.,
Tonapah Min (.Vevada).l
TrentouPotferies comlOO
IS
(
io'6"
13
ti>
81
655
ii'ge
10313
48
75
110
202
l8>9
20
li'O
Preferred new
100
9S
lOJ
Trow Direclory uew. .100 45
55
Union Copiier
1^4
10
Union Typewr com. .100
100
l3t preferred
9,^
100 124
2<1 iireferred
100 122
4"4
United Bk Note Corp.. 50 t 42
Preferred
5u t 52
55
United Copper
100
67
(Si
Prelerred
140
100
96
loo
13-1
U S. Casualty
lOo 200
27
20
U S Euvelope com...lOO
70
100
89
92
li Prelerred
US Rub 2d pf Aee Stock Exch list
23
U S Steel CorporationCol trsf 5s 'ol opt '11 .. ai3
«4
114
Coltrs f OS '51 uot opt..
X list
12
114
200
U S Tit Gu& Indem.lOO
127
440
480
icago
list
1-.^1
123
125
5
4
75
125
134
lOi
Casualty Co ol America..
Celluloid Co
100
Cent Fireworks com. 100
Preferred
100
Central Foundry
loo
Preferred
100
Deb Cs 1919 op 'OlM-N
Central Eeatlier
See
Century Realty
100
Cnesebrougli .MfgCo 100
Chic Piieiim "Aiol. See Cli
City Investing Co..
llOlatlln (H B) com
100
111st jireterred
100
100
1l2d preferred
Cdlo InUn,8trJal. see Stoc
Uol & HoCk coai&'iiif 100
J-J
Ist K 58 1917
Itiii
.M.N
PhoenLX Securities
f^itlsburg Brewing
174
108
10/
76
15'-.
t
120
107
Pow—
66
173
Butte Coalition Min..l5
Ciuudeu Band
3
Casein Co of Am com.. 100
list
list
li
J.D
Citly
FortWayue
Grand
dc
100
100
85
1-.8
9'j
112
107
a 04
& Hudsuu
iiasifc Kl
ila list
t
LH
58 1938...,
t
Prcld
list
-bee Stock ExcU
Excli list
4s and 68
-S'e« Stk
Am Typelo'rs com...lOo 35 40
98
Preferred
101
100
Amer Writiug Paper. 100
28...
Preierreit
loo
84'-,,
85^2
5s 1919
J.J
52
55
lIBaruey & Sin Car ...100
150
1 00
li Preferred
28
Betlil'm Steel Corp... 100
29
85
Preferred
tO'..
100
103
Coll.tr. g. s.t. 6sf914....
Bliss Company com
150
50 al45
Preferred
140
50 135
Bonddi iltgGuar
loo 400 415
Borden's Cond Milk., loo 175
185
Preferred
100 115 lis
t206
130
155
109
0.
Am ice Securities
See
Am .Mallins^Os 19 4.
Amer Press Assoc'u.lOO
Am Soda Foun com..lou
1st preferred
70
a 04
10
1
I
list
list
il
8 )'.,
87 ~.
li.
Preferred
62
86
Bxch
Kxch
Am Graphoplioue com
Amer Hardware
105
6 134
.5
loo
Affiance Realty
83
Americau Cau com... 100
a2u
aoo
iiicagd
niicl .)lisccl
Ahraeek Milling
73
190
45
115
N
>^
liulustruvl
109
Sq Gardeu..lOO
2d 6s 1919
Preferred
50
& Boston Cousoi .5
69
9
53
ao8
to;<
Mont
loO
73
50
155
62
lOS'e 109
Hartford-
»2»4
43
72
C
100
Monongaheia R Coal. .50
Uenvei
34 "a
4V!
130
61
73
15
75
10
Mitchell Aiming
<9
list
U4
dj
34
82
.Nat Construe. pfloo
Miup .Securities .
list
95
tiio
12^,
loti
Mex
88
Con deb 3 1-28 1906. J<fc 511514 115'
Xorth 11 Securities Stubs 275 300
Puts Bess di E E
34
50
37
OTHKtt err IKS
109
73
.X?,- L 89
Worth
85
140
loO
li-Vlaiiliatl
.U an Italian
109
NYNH &
.si
i
2
106
11
50
IILoriUard (P) pret ...loo
Mack .y Companies ..lOu
.\Iadisou
3V
2
10
40
125
loo
Preferred
lOu
Col tr deb 4 '•2l92'.iop'07
International bait
loo
1st g 5s 1951
luteruational .Silver. loo
Preferred
100
1st 68 1948
J-D
I.iackawauua Stet':...loii
L,austou .\louotype
20
l.iawyers .Morl lustii. 100
Preferred
111
109
cts
i-^s
90
65
110
<!113
3
Mamie,
Lord & Taylor
Preferred
94 S
28
Amer Light cfc Trkct.lOO 118
Preferred ,
loo 100
75
Bay State Gas
50
113
Binghauitoii Gas 5s 1938 {97
k Kxi h list Brooklyn Union Gas deb
104
101
68 1909 conv'07...M-Jj 135
II8I2 Builalo City Gas stock 100
4117
Ist 5s 1947 Hee Stock Excli
Cousol Gas of N J
Ist 5s 1936
J-J i 92
Excli
liFort
British
100
102
^loo
i Buyer pays accr'd int.
Preferred
1st 5s 1930
}105
loo
70
arano Kapids Ky
frelerreil
list
list
111
0.>-
Kings
Kxcli
260
95
g 48 1948.. J-J
Nassau Klec pret
108
h.xcli
Bklyu ..loo
Wr'pl (fcLorilner bt 1st
105
busq 40yr
.
'a
11
W
&
Chic Peo <fc .St L, piet. lOu
Uepusiled stociv.
Uudeposited slock
Prior lieu g 4 '•2S'30A1&S
Cou mlg g 5s 1930.Jd5j
Income 58 1930
Clue Subway. Nee Cliicag
Uelaw & Hudson con deb
.iS 19^6-1
ov 1) .. JdcD
City ..^lamped
Ms aoi
ai-^
a 10
1-
Alb
AS/c
40
aoo
'iLeh d! Wilkesb Coal.5(i
Kailroii.l
ucaf-'o list
12 s 113'.,
Ul
iiterual'lBaukingt;olO(i
Int'n'f .Merc
Brooklyn Kerry stockloo
Bd; Ni' Ist 6s 10 I.J.J aoo
-\ Y ifc E a Ferry otk. iou
66
1st 5s 1922
.M..\
N y& Hob con 53'46.J-1) ao7
HobFy lst5s 1946 Al-N «10o
N Vdi .\ J 2d 5s 1046. J -J ao5
NY <fe .So BIykU Ferry dsSI
98
Trans|> Lst 5s 1906MN
45
loth di 23d Sis Feiry lOU
88
1st morl 58 1919. ..J. 1IfUnioii Ferry stocK. ,10u
1ilst5sl920
96
.M-.\
107
30
200
15
65
b^
22
83 »2
Stk E
110
9»
101
k
Ex
S
60
74
'•.
a
1011.
Westchester
Bronx
Guar Co.
<k
Title & .Mort
180
Westiugli Air Brake.. 50 fl54
NVest Elec & Mfg—
Con 8 f 5s '31 Op '12 J J
185
156
White Knob Min
list
80
S3
Preferred
.,
^^,.^,.,
Worthiug'Pump uref.lOo 118
aEx-ngUts. .xEx-iUv. 6New8t>oclL. ijiseUsou St'kKxch., but not a very a«tive security.
IK
—
n
_
..
O^E
Mk-fe. Hi^l&oe.
1
.
.
7kh
CHRO'NiaiJE.
Inmstmtnt and ^aikoad |nt*elligence<
RAIJLROAD GROSS EARNINGS.
returns
shows the gross earnings of every STEAM railroad from which regular weekly or monthly
the last two
and
latest week or month
the
for
earnings
gross
figures
give
the
columns
of
two
The first
Pnn be obtained
We add a supplemen tan.
such latest week or month
corumns the earnings for the period from July 1 t% and including
does not begm with July, but covers some other
Stat^ent to show the fiscal year totals of those roads whose fiscal year
The
following table
The returns
period.
oj
tfie
street
railways are brought together separately on a subsequent page.
July 1
Latest Gross Earnings.
Week
Roads.
m
Ala Gt Southern. .See South;
Ala N O & lexa- facihc.
N O & N East. 1st wk Mch
Ala & Vicksb'g 1st wk Mch
Vicksb Sh & P- 1st wk Mch
Alleelieny Valley.
December
Inc. 9
6,487,556
360,616
86,144
2,191,758
16,122
5,802,508
213,394
4,466
2,903
175,163
136,623
94,338
101,600
1,129,000
229,820
1,876,568
2,583
1,967,689
3,723
867,479
165,037
92,006
4,335,35
4,589,363
943,828
29,361
.
Char.. December .
January .
January ..
January ..
February .
Bangor & Aroost. January ..
Bellefonte Centra; February .
Bridgt & Saco R January .
&
Atlanta
t
57,000
26,000
25,000
.
AtchTop &SFe- February
Ry.
Atlantic & Bir..Atl Coast Line
Bait & Ann S L-Palt & Ohio
Buff Koch & Pitt^ 3d wk Mch
Buffalo & Susq._ January ._
Cal Noithwesteni February .
Canadian North. 3d wk Mch
Canadian Pacific 3d wk Mch
Cent'l of Georgia. 3d wk Mch
Cent'l of N Jersey February .
Chattan Southern 3d wk Mch
Chesap &Ohio.-. February .
Chesterf 'd & Lane February .
Chic & Alton fly. February
Chic Gt Western. 3d wk Mch
Chic Ind & Louisv 3d wk Mch
ChicMilw &StP. January
Chic & North W. February
&0. February
Chic St
Chic Term Tr RK 3d wk Mch
Ky. ^
an ^ O &'i Pac. See Souin rn
1,743,632
ClCinCh &St L. February
228,032
February
.
East'n
&
Peoria
187,263
Colorado Midland January ..
220,467
h Col & South Sys 3d wk Mch
25,866
January
._
Lau,
Newb
&
Col
56,968
Copper Range-. January ..
18,062
February
.
Cornwall
39,856
Cornwall & Leb_ Januarv -_
310,900
Denver & Rio Gr 3d wk Mch
89,54b
Det & Mackinac i?ebruary .
Det Uol & Ir anil
77,678
Ann Arbor Syst 3d wk Mch
53,264
Dul So Sh & Atl. 3d wk Mch
PM
Februar.v
Erie
Fairchild
3,635,41!:;
.
& N E. February .
Fon Johnst & Gl. February .
Ft VV fi Denv City Now inciun
Georgia
RR
February
.
1
Current
Year.
Previous
Year.
Current
Year.
or
Month.
,687
46,907
ed in Colo
233,195
to Latest
I
47,000 1,971,925 1,650,243
944,571
930,512
25,000
996,782
849,609
25,000
Inc. 65 4,607
5,984
4,669,306 51,625,331 44,692,133
331,966 2,049,686 1,902,921
589,960
617,964
82,605
1,766,227 13,716,728 12,271,047
97,831
111,812
11,793
4,744,660 50,986,381 44,447,564
148,323 1,367,193 1,201,413
41,30'J
38,330
4 881
28,498
29,348
2,931
147,420 6,444,520 5,788,323
658,379
916,912
82,127
88,728 1.172,38<i 1,055,976
62,700 3,633,800 2,750,800
955,000 43,434,118 36,219,618
216,840 8,482,053 7,564,819
1,615,893 16,713,276 14,662.075
87,893
97,854
2,515
1,447,251 16,057,659 13,558,213
20,325
24,794
2,099
706,489 8,084,935 8,357,761
152,914 6,402,672 5,523,144
108,259 4,261,831 3,963,497
3,666,000 33,382,241 30,277,381
3,403,306 42,370,548 36,865,017
761,006 8,935,871 8,190,733
26,029 1,231,803 1,095,635
.ystem bei ow.
1,495,775 15,894,461 15,251,880
208, 53C'
1,296,2
8.686,363
169,930
150,517
199,106
16,898
399,541
44,949
136,165
3,326
269,161
21,146
14,070,211
289,200
732,405
72,280
1,215,650
7,023,998
132,251
356,884
34,092
145,157
12,266,831
633,318
58,633 3,031,917 2,540,969
50,139 2,211,925 1,894,940
2,713,080 33,696,843 29,842,427
25,047
16,494
3,343
473,798
530,508
40,068
ystem
rado & b outhern
167,368 1,909,432 1,640,700
vstpm be ow.
681,906 27,842,561 25,997,876
111,413 3,887,391 3,570,059
26,765 1,128,381 1,057,284
^ee Southt- in Ry. i706,254
3d wk Mc'.i
106,995
2d wk Mel
33,413
2d wk Men
29,131
33,389
2d wk Mch
2,376,297 33,131,166 28,345,471
2,970,511
February
Great Northern. .
177,406 1,834,238 1,561,205
217, 74&
Montana Cent'J February .
29,906,076
Total system.. February . 3,188,25e 2,553,703 34,965,404
40,606 1,492,001 1,342,989
33,777
Gulftt Shi]) Islaiio 3d wk Mc'l
405,610 4,493,083 4,109,357
533, 5U
Hocking Valley.. February
33,470,093
llhnois Central.. February . 1,180,500 3,513,523 34,016,160
189,334
249,163
18,421
20,891
Februarv
Illinois Southern.
112,900 5,024,456 4,674,713
107,100
Int & Gt North'n 3d wk Mch
4,233,104
4,402,978
141,893
132,629
ointeroc (Mex).. 3d wk Mch
54,636 2,164,283 1 ,868,068
58,461
Iowa Central .... 3d wk Mel!
1,038,4^3
Kanawha & Mini January _. 191,3(te 132,714 1,278,659 4,146,1U;
4,278,133
557,142
664,954
Kan City South' January .
February . 2,306,797 1,952,719 2,560,883 20,080,684
Lehigh Valley
267,094
303,359
32,629
41,279
Lexing & East'n. January ..
Inc. 438, 488
Inc. 54, 974
Januar.y ..
Long Island
476,942
.552,631
68,140
95,571
Louisiana & Ark January ..
783,315 30,712,127 28,271,014
795,735
Louisv & Nashv 3d wk Mch
91,797
100,207
8,637
13,133
Fcliruary .
Miicon & Birm.
49,57t<
239,338
227,289
43,147
Manis & No East January ..
57,178
60,779
5,522
4,761
February .
Manistique
212,480
241,468
19,904
24,547
Maryland <fe Penn February .
o Mexican Cent'l. February . 2,229,920 ,048,138 18,185,421 16,764,691
138,846 4,961,77:^ 4,747,343
138,883
a Mexican Intern 3d wk Mch
121,900 4,414,700 4,118,640
133,300
1st wk Mcli
a Mexican Ry
773,171
803,145
22,817
26,344
a Mexican South. 1st wk Mch
6,347
6,768
Millen & Southw. December .
499 ,975
,794
541
14,752
14,072
Mch
3d
wk
Mineral Range
2,706,308 2,175,465
61 ,49
63,197
Minneap & St L.. 3d wk Mch
30,477,286
30,787,387
746,000
Mo Pac & Iron Mt 3d wk Mcli 782,000
32,000 1,417,726 1,145,862
28,000
Central Branch 3d wk Mcli
778,000 32,205,113 31,623,148
810,000
3d wk Mch
Total
Ga
>oulli
<t I'^la..
Gr Trunk System
Gr Trunk West
Det GrH & M_
Canada Atlan.
Week
Roads.
Previous
Year.
ystem be ow.
July 1
Latest Gross Earnings.
Dale.
Previous
Year.
Current
Year.
or
Month.
to Latest
Date.
Previous
Year.
Current
Year.
MStP &SStM. 3d wk Mch
Mo Kan & Texas. 3d wk Mch
b Mob Jack & K C Wk Feb 17
179,30'
8,342,145 6,319,143
208,767
361 ,978 15,719,048 14,797,963
333,399
611,169
398, 86
5,268
25,262
Mobile & Ohio... See Southe rn Ky. S ystem bei ow.
807,314 6,172,211 5,990.S18
909,256
Nash Ch & St L.. January ..
255, 3o/ 9,754,500 8,344,500
274,986
a Nat RR of Mex 3d wk Mch
146,388
159,442
11,'S64
12,136
February
.
Nev-Cal-Oregon .
19,410
27.560
,2,294
2,327
Nevada Central.. January .53,540,196
60,673,928
C & Hud Riv February . 6,582,124 5,395,334
4,570,472
5,047,280
419,792
457,8661
February.
N Y Ont & West
201,393 1,878,417 1,730,3.57
204,497
N Y Susq & West February . 2,37o,628il,896,417
16, 262, .504 13,680,707
Norfolk & West'n January ..
740,036 6,597,490 6,149,890
..
947,736]
January
Central
Northern
Northern Pacific February . 3,931,002;3,170,396 41,450,781 34,468,821
122.817
139,.593
13,111
16,720
Ohio Riv & West. January ..
482,835( 434,05/ 3,985,321: 3,722,798
Pacific Coast Co.. January ._
7U,,(iO,292
84,540,791dPenn-EastP&E January .. 12050,174 9,310,774
5.727.100
Inc.
inc.98| 7,200
dWest P & E-_ January .PhilaBalt&W'sh January .. 1,187,340 1,056,540 8,871,278 8,087,278
4,696,716
071
5,263,293
631,6351 489
Phila & Erie.... January ..
Pittsb C C & St L February . 2,149,467:1 ,860,54o 18,803,05.. 16,433,991
30,850
39,570
2«636
Raleigh &S'port. February .
„4,733i
Readfng Railway February . 3,253,274 2,602,203 27,528,26!- 23,730,968
23,182,315
23,861,239
3,310,330
2,943,198
.
February
Co
Iron
Coal &
Total both cos. February . 6,196,472 5,912,533 51,389,507 46,913,283
818,474
932, ()90
1^0,681
142,7181
Rich Fr'ksb & P. January -351,747
412,040
41,410
47.784
Rio Grande Jet.. January -.
350,451
413,472
7,3951
„ & ^^
Rio Grande So... 3d wk Mch
29,706,034
35,167,6.55
3,979,20412,794,104
Rock Island Sys. February .
749,784
937,126
90,669
118,688
January..
StJos&Grlsl
,934 28,580,711 26,086,560
e St L & San Fran February . 3,396,492 2,481
6,479,712
6,552,366
200.31171,4.36
Mch
St L Southwest.. 3d wk
Seaboard Air Line January .. 1,314,6691,049,211 8,551,923 7,633,132
25,799
^;24,463
Sierra Railway .. February
904,069
966, 28t
105,68,
115,182
Southern Indiana February .
So Pacific Co c... January .. 8,181,134 /, 188,861 61,784,313 56,658,994
NY
.
Southern Rv Sy^
Southern Rv /.-.
Mobile & Ohio.
Cin N O &TexP
Ala Great Sou.
Ga South & Fla
Texas Central...
Texas & Pacific.
Tex S V & N W..
Tidewater & W'n
Tol & Ohio Cent.
3d wk Mch 1,058,261 1,032 80S
154, 91i
158,383
3d wk Mch
134, 614
170,222
3d wk Mch
64 57(
70,658
3d wk Mch
140 310
155,342
February .
15 339
15,824
Mch
3d wk
236 ,029
253,285
3d wk Mch
8, 700
13,000
February .
6 ,633
9,798
January ..
252, 9.59
337,490
January ..
23 ,251
20,864
3d wk Mch
Tol P & West
64 ,158
65,003
3d wk Mcli
Tol St L &
41 ,995
54.025
Tor Ham & Buff. February .
Un Pacific System January _. ,115,176 4,472 ,006
51 ,562
76,472
Virginia & So W'n February .
420 ,335
449,744
3d wk Mch
Wabash
73
,382
87,103
West'n Maryland 3d wk Mch
W
W
264,410
98,601
12,366
522,525
15,683
823,256
& Sea'e Januai:y ..
& L E. 3d wk Mch
W'msport & N Br January _
Jersey
Wheeling
Wisconsin Central February .
Wrights & Ten.. January ..
Yazoo & Miss Vail February .
I
195 ,510
75 ,142
11 ,616
393 ,356
12 ,617
558 ,490
53,070
2,564,664
970,964
55 ,575
2,436,556
955,392
2,705,722
432,421
36,005,374
406 ,304
2,992,186
491 ,675
40,932,260
639,753
18,088,541 18,50,'^,44o
3,292,913 2,722,017
3,107,716 2,727.716
4,055,986 3,179,220
103.024
106,666
4,707,140 4,382,696
116,315
124,764
5,615,275 6,003,281
Previous
Year.
Current
Year.
.
Period.
Various Fiscal Years.
38,819,636 35,123,672
6,613,289 5,869,110
6,945,146 5,252,356
2,714,5ie 2,358,174
1,264,233 1,155,149
632,180
715,294
9,579,511 9,698,703
.
Allegheny Valley
Atlanta & Chart Air Line..
Bellefonte Central
C C & St Louis
CI
Peoria & Eastern
a Interoceanic of Mexico
Manistee & North Eastern.
Manistique
—
—
Maryland & Pennsylvania
a Mexican International
a Mexican Railway
a Mexican Southern
a National RR of Mexico
.N'ew York Central
Northern Central
d Penn— Ea,st of Pitts & E...
d West of Pitts & E
Phila Baltimore & Wash
Philadelphia & Erie
Pitts Cin Chic & St Louis
Rio Grande Junction
Texas & Pacific
AGGREGATES OF GROSS EARNINGS—Weekly
Monthly Summaries.
1
Mar
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Dec
Dec
Feb
Feb
Feb
Inc. $1,0
3,293,915
10.149
3,607,684
490,659
1,441,140
49,579
Mch
Jan
Feb
Feb
9,69,*-
3.52,557
Mch
Mch
Mch
Mch
1,685,096
1,245.500
225.859
3,109,125
13,767,892
947,736
12,050,174
Feb
Jan
Jan
Jan
Jan
Jan
/»f .OS
1.187,340
631 ,636
4,593,843
103,696
3,095,106
264,410
Feb
Jan
Mch
Jan
and Monthly.
Monthly Summaries.
Cur'nt Year Prev's Year Inc. or Dec.
Jan
Cur'nt Year Prev's Year Inc. or Dec.
S
+ 7,852,980 6.58
127,073,0.58 119,220,078
+ 892,792 12.03 Month Jan 1905 (116 rds) 113,714,500
117,252,136 —3. .537, 629 3.01
+ 1,004,072 .96 Month Feb 1905 (117 rds)
143,622,857 130,879,546 + 12,743,311 9.73
+ 777,382 6.21 Month Mar 1905 (118 rds)
136,595,868 127,237,317 + 9,358.551 7.36
+ 762,433 10.81 Month April 1905 (115 rds)
144,103,256 129,712.739 + 14,390,517 11.09
+ 1.467,241 20.67 Month May 1905 (118 rds)
125,942,575 114,846,032 + 11, 097..54 3 9.66
+ 1.307 .204 17.41 Month June 1905 (104 rds)
(42
10.02
1905
(115 rds) 143,6,58,287 130,328,,530 + 13,329,767 9.23
56
Month
July
23..
2.604,505
+
(44
154,972,550 141,S67.461 + 13.105.089
+ 1.595,631 23.63 Month Aug 1905 (115 rds)
9.28
(40
13,721,813
147.70<t,816
+
161,431,629
+ 2,079,481 31.57 Month Sept 1905 (115 rds)
8.54
(41
(115 rds) 170,515,148 157,100,82 4 13,414,321 io.:?5
1905
Month
Oct
30.36
2,092,930
+
(42
165,977,137 50 ,405 ,695 + 1 5 ,.571 ,442
+ 1,722,891 20.03 Month Nov 1905 (115 rds)
8,.599, 0,53
(44
12.15
+17,259.521
1.59,312,944 142,0.53,423
+ 924,273 .52 Month Dec 1905 (113 rds)
8,022,413
(42
152,980,485 126 .555 ,.852 +26,424,633 20.88
+ 994,127 12.10 Month Jan 1906 (117 rds)
8,218,451
(42
53,838.607 42,850,3731 + 10.988.234 25.64
rds)
(58
1906
+ 513,431 6.13 Month Feb
8,377,487
(42
Gen tr.al^
Texas
Houston
Includes
the
&
c
Division,
a Mexican currency, b Includes earnings of Gulf & Chicago
oi^^'o .^^ i SoiUh ??
y^ars.
^ InclvideY^arnui^s '„f
d Covers lines directly operated, e Includes the Chicago & ^-'-'^^'^^n Ilhnoi.s m both
years,
u nau
nee ^pni
s
years
uded
in
Northern
fnc
^'^li^
Worth & Denver Oty and all affihated Unes. k Atlanta Knoxville &
j
v^enirai uom >q
included from Jan. 1 1906 and ot East Division of lennessp-e
2nd week Dec
3rd week Dec
4th week Dec
1st week Jan
2nd week Jan
3rd week Jan
4th week Jan
lat week Feb
2nd week Feb
3rd week Feb
4th week Feb
1st week Mch
2nd week Mch
3rd week Mch
(42
(41
(41
(42
(42
8.310,626
9,386,804
13,312,586
7,816,466
8.565,374
8.816,346
13,652,262
8,346,622
8,666,444
8,985,618
10,321,944
8,946,686
9,212,578
8,890,918
roads)..
roads)..
roads)..
roads)..
roads) -roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads)..
roads).
7,417,834
8,382,732
12,535,204
7.054,032
7,098,133
7,509,082
11,047,757
6,750,991
6,586,963
6.892,688
1 1
1
1 1
.
.
i
i
.
included in 1905 since Jan.
in 1905 only.
1;
earnings of Transylvania Railroad
'
THE CHRONICLE.
746
Latest Gross Earnings by Weeks. ^In Ihc table which
wo .sum uj) sei)arately the earnings for the third
The table covers 42 roads and shows
week of March.
6.13% increase in the aggregate over the same week last
I
Gross I "arii'ys
Previous
Current
Year.
Year.
i
t
419,792
457.866
5,047,280 4,570,472
201 ,393
204,497
1,730,357
1,878,417
4,7.33
2,636
30,850
39,576
follow.s
year.
Tliird
week of .March.
ButTalo Rochester
<fe
Pittsb'gh
Canadian Northern
CaiKKhan I'aciHc. _
Ontral of ( ioorfria
(^hattanoofia
.Southern
Cliicago (ircat Western
ChicaKo Indianap & Louisv__
Chioaf,'o Terminal Transfer
Cincin
New
Orl
& Tex
Pacific-
Colorado Southern (including
Ft Wortli iV Denver Citv)-.
Denver & Hio Grande
Detroit Toledo & Ironton and
Ann
Arl)()r
Sv.stem
_ _
,
Duluth South Shore & Allan.
Grand Trunk of Canada, --l
Grand Trunk Western
Detroit Gr Hav
Mihv__
\
Increase.
1905.
1906.
Alabama Great Southern
Decrease.
6,082
27,743
38,900
174.000
12,980
68
12,123
70,658
175,163
101,600
1,129,000
229,820
2,583
165,037
92,006
64,576
147,420
62,700
955,000
216,840
2,515
152,914
29,361
170,222
26,029
134,614
3,3^2
35,608
220,467
310,900
199,106
289,200
21,361
21,700
77,678
53,264
58,633
50,139
19,045
3,125
706,254
681,906
24,348
33,777
107,100
132,629
58,461
795,735
138,883
14,072
63.197
208,767
333,399
782,000
28,000
158,383
274,986
7,395
171,436
40,606
112,900
141,893
54,636
783,315
138,846
14,752
61,492
179,307
361,978
746,000
32,000
154,913
255,357
8,885
200,312
1,032,808
15,339
236,029
16,253
108,2.59
<fe
Canada Atlantic
Gulf & Ship Island
International & Great NorthInteroceanic of Mexico
Iowa Central
Louisville & Nashville
Mexican International
..
_
.
Mineral Range
Minneapolis & .St Louis
Minn St P & S St M
Missouri Kansas & Texas
Mo Pac & Iron Mountain
Central Branch .
.Mobile & Ohio
..
National RR of Mexico
.
Rio Grande Southern
-
St Louis Southwestern-
Southern Railway
Texas Central. _ _ . .
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western --
Wabash
_
Western Mar viand
Wheeling & Lake Erie
Total (42 roads)
_
1,058,261
15,824
253,285
20,864
65,003
449,744
87,103
98,601
8,890,918
6,829
5,800
9.264
3,825
12,420
37
680
1,705
29,460
28,579
36, 666
4,666
3,470
19,629
1,496
28,876
25,453
485
17,256
2,387
23,251
64,158
420,335
73,382
75,142
845
29,409
13,721
23,459
8,377,487
617,589
513,431
Net increase (6.13%)
EfeJ* -avi •l«-;|-iffJUIs::il-l«a
104,158
—
Net Earnings Monthly to Latest Dates. The table following shows the gross and net earnings of STEAM railroads
reported this week.
A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of March 24 1906. The
next will appear in the issue of April 21 1906.
K'f-
Gross Earn'gs
Previous
Year.
Currerji
^-
Year.
¥
Roads.
Atch Top & Santa re.bFebr6,487,556
July 1 to Feb 28
51,625,331
Buffalo Gas Co.. .
Feb
Oct 1 to Feb 28
Buff Roch
Pitts.b- -Feb
613,844
July 1 to Feb 28
5,937,725
Canadian Pacific. a.. Feb 4,224,452
July 1 to Feb 28
40,029,118
Central of Georgria-a- -Feb
961,035
July 1 to Feb 28
7,762,873
Central of New Jer.b. Feb 1,876,568
July 1 to Feb 28
16,713,276
Chesapeake & Ohio- b. Feb 1,967,689
July 1 to Feb 28
16,057,659
Chesterfield & LancFeb
3,723
July 1 to Feb 28
24,794
Chicago & Alt on -a.. -Feb
867,479
""
July 1 to Feb
288,084,935
ClCin Chic & St L-b-.Feb 1,743,632
Jan 1 to Feb 28
3,607,684
Peoria & Eastern. b- Feb
228,032
Jan 1 to Feb 28
490,659
Cornwall a
Feb
18,062
July 1 to Feb 28
136,165
Detroit & Mackinac-a-Feb
89,546
July 1 to Feb 28
732,405
Eriea
Feb 3,635,419
July 1 to Feb 8
33,696,843
Fairchild & North, b. -Feb
1,687
July 1 to Feb 28
16,494
Georgia RR.a
Feb
233,195
July 1 to Feb 28
1,909,432
Hocking Valley. a
Feb
533,510
July 1 to Feb 28
4,493,083
Hudson Riv ElecP Co -Feb
67,783
Jan 1 to Feb 28
143,822
ife
-
"
"
.S
Net Earnings
Current
Year.
$
Previous
Year.
$
4,669,306 (/2,573,163 dl ,107,188
44,692,133dl9,767,967rfl5.255,961
26,316
28,208
172,603
189,691
156,092
532,433
244,839
5,346,062 2,732,473 2,097,713
302,172
3,056,094 1,205,744
33,460,618 14,660,377 9,869,590
110,763
219,690
707,467
242,622 1,901,519
6,936,499
688,257
832,381
1,615,893
14,662,075 8,186,264 7,011,350
440,616
780,481
1,447,251
13,558,213 6,-389,519 4,887,353
222
1,671
2,099
5,141
20,325
9,987
706,489
8,357,761
1,495,775
3, 110, .591
243,584
2,478,888
386,671
791,745
72,297
154,089
9,247
71,416
12,197
183,433
761,747
9,673,182
172,276
2,8.58,197
210,834
572,969
60,181
208,530
150,248
463,527
259
3,326
5,173
34,092
18.458
72,280
194.716
633,318
160,399
2,713,080
29.842,427
8,053,085
328
1,394
3,343
6,828
25,047
4,606
167,368
56,337
39,593
602,842
1,640,700
482,730
405,616
194,627
85,131
1,397,585
4,109,357
1,689,572
48,323
31,471
17,984
108,107
48,6.55
71 ,689
V Interoceanic of Mex.Feb
488,504
489,059
144,064
103,096
Jan 1 to Feb 28
1,051.249
971 ,937
333.460
211,749
Iowa Central. a
Feb
213,049
169,583
M0,27S
/i9,608
July 1 to Feb 28
ftSOl ,860
1,982,115
1,705,787
;i252.070
Lehigh Valleyb
o531 ,505
Feb 2,306,797 1,952,719
o509,074
July 1 to Feb 28
22,560,883 20,080,684 08, 644,609 o7, 808, 423
Maryland <k Penna...Feb
24,547
19,904
7,432
4,350
Mar 1 to Feb 28
312.541
90,875
352,557
118,705
r Mexican Central
Feb 2,229,926 2,048,138
644,455
635,795
July 1 to Feb 28
18,185,421 16,764,691
5,328,789 5,107,042
Mexican
U
InteriuitionalFeb 623,040
489,545
2.58,686
170,848
Jan 1 to Feb 28
1,262,021
1,023,371
534,404
352,586
Minn & St Louis .a
237,995
192,778
fc62,934
Feb
t37,608
July 1 to Feb 28
2,515,271
1,993,011 jkl,021,926
^743,046
^National RRof Mex.Feb 1,089,954
932,644
411,713
270,851
Jan 1 to Feb 28
905,821
594,572
2,294,930 1 ,930,506
Roads.
N YOnt &
Toi*.
Lxxxn.
Net Earnings
Current
Previous
Year.
Year.
%
%
74,009
19.811
1,441,497
1,255,652
36,548
47,802
568,562
578,763
203
1,670
14,639
9,200
Western -a Feb
to Feb 28 ...
N YSu.sq & West -a... Feb
July 1 to Feb 28
Raleigh & Houthp't a. Feb
July 1 to Feb 28.
Reading Conipanie.s
2,602,203 1,022,633
979,754
Phila & Reading. b. Feb 3,253,274
July 1 to Feb 28
27.528,268 23,730,968 11,024,763 10,964,999
201 ,504
221 ,048
Coal & Iron Co . b
Feb 2,943,198 3,310,330
1,613,897
1,.597, 286
July 1 to Feb 28
23,861,239 23,182,315
Total both Co's.b.. Feb 6,196,472 5,912,533
1,224,137
1 ,200,802
July 1 to Feb 28
51,389,507 46,913,283 12,638,660 12,562,285
137,517
115,821
Reading Co b
Feb
941,519
992,550
July 1 to Feb 28
".'-'-.'.
July
1
1,316,623
1,361,654
Total all Co's.b
Feb
13,631,210 13,503,804
July 1 to Feb 28
132,287
Rock Island Sys.a
Feb 3,979,204 2,794,104 1,011,112
35,167,655 29,706,034 10.688,959 8,441,584
July 1 to Feb 28.
.363,597
2,481,934
1,085,353
St Louis & San Fran .a. Feb 3,396,492
8,831,474
28,580,711 26,086,560 9,631,961
July 1 to Feb 28
137,744
30,442
529,899
St Louis .Southwest .b_ Feb
708,738
6,019,126 5,959,385 1,621,347 1,825,728
July 1 to Feb 28
268,150
1,049,212
3.56.152
.Jan
1,314,669
Seaboard Air Line. a..
8.551,923 7,633,132 2,505,787 2,230,688
July 1 to Jan 31
def. 36
3,526
6,633
Tidewater & West.b- .Jan
9,798
12,283
5,536
55,575
53,070
July 1 to Jan 31
24,590
75,472
51,562
33,916
Virginia & Southw.b, Feb
168,270
405,304
252,120
639,753
July 1 to Feb 28
13,039
24,781
14,335
28,486
Wilkes-B Gas & El Co Feb
28,989
32,489
61,932
52,786
Jan 1 to Feb 28
154,141
61 ,658
522,525
393,355
Wisconsin Central.b-- Feb
4,707,146 4,382,696 1,700,527 1,479,212
July 1 to Feb 28
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
d For February 1906 taxes and rentals amounted to S194,584 against
•1186,660 after deducting which net for February 1906 was $2,378,579
From July 1 to Feb. 28 1906 net after deducting taxes
against S920.528.
and rentals is §18,184,465 against $13,781,384 last year.
h For February additiona 1 income is $5,903 this year, against $4,753
last year.
From' July 1 to Feb. 28 additional income is 838,500 this year,
against $38,285 last year.
k For February additional income is $7,266 this year, against $12,642
From Jan. 1 to Feb. 28 additional income is $121,623 this
last year.
year against $86,905 last year.
o Including other income, total income (exclusive of results of coal
companies) for February is $548,093 in 1906 against 3512,377 in 1905,
and for period from July 1 to Feb. 28 is $8,986,180 in 1906 against
$8,151,680 in 1905. Deductions from total income for additions and
improvements were $23,218 in Feb. 1906 against $39,225 in 1905, and
from JiUy 1 to Feb. 28 1906 were $904,186 against 3819,387 last year.
figures are in Mexican currency, convertible into gold at the
I) These
current rate of exchange.
Interest Charges and Surplus.
—
Year.
Roads.
New
$
?)692,420
Feb
—
— — Bal.
&c.
Previous
Year.
Int., Rentals,
Curre7it
$
of Net E'ngs.
Previous
Current
Year.
Year.
S
S
78,755
139,961
3,242,369 2,270,616
x46,649 xdefl09,051
6609,502
64,943,895 64,740,734
Feb
348,516
321,667
Jl03,642 a:det67,551
642,550
705,870
Jan 1 to Feb 28
xl6,849
0-34,548
45,086
44,582
Peoria & Eastern. -.Feb
x62,499
j7 1,276
89,149
Jan 1 to Feb 28
90,150
.t5,427 xdefl 1,325
Feb
a51,515
051,093
Georgia RR
x77,273
0414,844
a;201,776
a416,099
July 1 to Feb 28
xll,190
71,494
131,123
Feb
63,504
Hocking Valley
527,427
613,006 xl,363,041 xl, 134, 109
July 1 to Feb 28
324
Feb
4,026
3,599
3,833
Maryland & Penna
52.726
48,999
38,149
69,706
March to Feb 28
4,480 def40,688
Feb
69,529
60,499
N Y Ont & West
764,317
877,305
564,192
491,335
July 1 to Feb 28
432,608
Feb
884,015
493, 1»4
868,500
Reading all Cos
6,948,000 7,072,125 6,683,210 6,431,679
July 1 to Feb 28
a;20.864
Jan
254,761
j98,045
264,768
Seaboard Air Line
x502,860
1,751.819
X713.123
1,807,529
July 1 to Jan 31
a:4,665xdef 81,435
Feb
150,923
145,047
Wisconsin Central
x525,354
x335,365
1,197,637
1,168,363
July 1 to Feb 28
Jer
Cent
July 1 to Feb 28
CI Cin Chic & St L
of
a Charges here include road rental (paid by lessee) and other deductions.
6 Included in the fixed charges are expenditures for renewals, additions
and improvement.s|amounting to $151,479 for Feb. 1906. against $109,863
for Feb. 1905, and to $1,235,736 for period from July 1 to Feb. 28,
against $1,073,045 the previous j'ear.
X After allowing for other income received.
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Gross Earnings.
Na7nc of
Road.
Week or
Month.
Current
Year.
Previous
Year.
Jan.
1
to
Current
Year.
$
Albany & Hudson,
Rys Co.
Aur Elgin & Chi Ry
Binghamton Hy
Boston & Worcest'r
a American
February
February
February
.
.
— February
.
Feliruary
.
Burlingt'n (Vt) Tr_ February
.
Cent Penn Trac
Charleston Cons
.
February
-
February .
February .
February .
February .
February _
January ..
Sp'gvtUrb.
January
.
Davton
Detroit Mon it Tol
Detroit United Ry
Duluth Street Ry
East St L it Sub...
3d \vk
3d wk
3d wk
Mch
Mch
Mch
February .
Elgin Aurora & So- February
January ..
El Paso Electric
Wayne &
$
19,863
177,037
38,549
19,364
27,747
6,515
45,531
19,537
153,347
23,099
17,134
21,951
5,352
36,707
42,721
377,178
78,093
39,835
57,645
12,715
95,362
39,654
324,673
49.358
35.372
44,356
50,793
36.593
66,034
39,718
13,930
24,322
28,563
4,138
87,822
13,352
107,655
37,062
27,346
44,172
23.599
63,268
30,406
11.209
91.173
48,425
129,673
65,166
24,554
78.767
11.364
95.425
31.390
23,845
104,306
80,036
140.312
86,285
29,788
24.322
28,563
612,762
1,056,056
142.278
221,870
77,775
27,346
909,380
123,586
201,252
65.296
23,845
71,951
19,349
43.701
62,020
18,580
38,339
152,096
19,349
488.985
18,598
421 .900
10,591
75,617
\\'al)
Vallev Traction. February
Galveston Elect Co .January .
y
Previous
Year.
Ry
Gas & Elect
Chi & Mil Elec
(/ Chi & Oak Park.
Clev & a W' Tr Co.
Clev Painsv it E
Col Lon vt Spring..
Ft
date.
latest
Havana Elec Ry.
Wk
Mch
.
-
25
130,586
.
- .
.
Mar. 31
Jan.
Latest Gross Earnings.
Name
of
Week
Road.
Current
Year.
or
Month.
Honolulu Rapid Tr
& Land Co
Houghton Co St Ry
Houston Elec Co.
Illinois Trac Co
Indianap Col & oOJackson Consol Tr_
Jackson V Elec Co-
Kan City Ry & Lt
Kan City-West Ry.
Lake Sh Elec Ry--
January ..
January .January ..
February
February
February
January ..
February
January _.
February
February
February
.
.
.
.
.
Lehigh V Transit.
Madison & Int Trac
Manila El Ry & Ltg
Corp— Ry Dept February
Lighting Dept. February
Trucking Dept. February
February
Total
Met West Side Elev February
Mil Elec Ry&Lt Co February
MilLtH &Tr Co- February
Montreal Street Ry February
NJ&HRRy&F Co- February
Railway Dept...
February
Ferry Dept
N O Ry & Lt Co - - February
February
Light
&
Norfolk Ry
Nor Ohio Tr&Lt Co Febuary .
Northwestern Elev February
OaklandTr Cons _ ^ February
Olean Street Ry.-- February
Orange Co Traction January .
Peeks Ltg & RR Co February
Pitts M'K & Green February
Pottsv Union Trac February
Rochester & Ea.st_ February
Rochester Railway February .
St Joseph (Mo) Ry
LtHt &Pow On. February .
San Fran Oakl'd &
February _
San Jose Ry
Savannah Elec Co_ January ..
Schuvlkill Ry Co.- February .
Seattle Electric Co. January ..
South Side Elev... February _
Syracuse R T Ry - - February .
Tampa Electric Co. January ..
Terre Hte T & L Co January ._
Tol Bowl Gr&So Tr January ..
Toledo Rys & Light February .
Toledo & Western January . Toronto Railway _ Wk Mch 17
Twin City Rap Tr_ 3d wk Mch
United" Rys of St L February _
United of San Fran January ..
Wash Alex & Mt V February .
.
.
.
.
.
Previous
Year.
27,958
14,832
43,077
209,064
14,999
9,055
24,913
385,019
19,445
52,128
55,194
8,498
40,250
29.250
1,100
70,600
189.798
254,512
40,804
213,416
1
to
Current
Year.
26.289
15,674
34,572
170,380
11,455
7,958
25,560
310,503
15,134
41 ,043
39,946
7,314
Gross Earn'gs
Previous
Current
Year.
Year.
latest date.
Previous
Year.
27,968
14.832
43.077
442,816
30.855
18,800
24,913
811,874
19,446
111,766
116,692
17,207
26.289
16.674
34,572
361,740
24,083
15,815
25,560
657,882
15,134
88,877
84,074
15,016
Manila Elec
146.850
390,864
530,533
85,6.50
451,646
349.467
489,194
72,378
389,099
18,601
11,527
92,845
125,777
224,660
206,027
16,403
6.262
16.882
19.428
27.240
126,791
108.633
60,213
50,607
41.170
49,083
41.340
49.618
9,751
12,816
235,396 201,760
133,108 123.442
68.479
79,350
31.139
37,839
46.247
69,831
26.647
142,811 133,406
15,452
20.697
46 ,.597
52,118
81.183
95,179
638,076 563,337
600.210 543.371
13,304
18,868
97,391
49.618
27.366
235.396
276.337
165.411
37.839
69.831
26.647
301 ,864
20,697
579,692
1
,061 ,470
1,336,003
600.210
36,871
259.403
81 ,651
41,340
21.700
201.760
2,54.663
142.733
31.139
46.247
284,349
15.462
606.094
911.269
1,169,833
543.371
29.657
we show
Street Railway Net Earnings.— In the following
of all
dates
latest
to
earnings
net
the
and
both the gross
STREET railways from which we have been able to procure
As in the case of the steam roads, the
returns.
monthly
week
returns of the different roads are published by us each
all
together
bring
we
month
once
a
and
as soon as received,
the roads reporting, as
is
Roads.
Current
Year.
$
19,863
236.460
38,549
443,259
19,364
39,835
193.371
27.747
45.531
95.362
Net Earnings
Albany & Hudson. a-. Feb
July 1 to Feb 28
Aurora Elgin & Chic --Feb
July 1 to Feb 28
Binghamton RyCo.-.Feb
Jan 1 to Feb 28
July 1 to Feb 28
Bo.ston&WorcesterRy.Feb
Feb
Central Penn Trac
Jan 1 to Feb 28
Charleston Cons Ry Gas
Feb
& Elect
Mch 1 to Feb 28
Chic & Milw Elec... Feb
Jan 1 to Feb 28
Clev Painsv & East.a.Feb
Jan 1 to Feb 28
Feb
Clev&SWTrCo
Jan 1 to Feb 28
Feb
Detroit United
Jan 1 to Feb 28
Duluth Street Rv b .Feb
Jan 1 to Feb 28
East St L & Suburb'n.Feb
Jan 1 to Feb 28
Elgin Aurora & So. b.. Feb
July 1 to Feb 28
El Pa.so Elect Co. a... Jan
Wavne & Wab VaLFeb
Jan 1 to Feb 28
Galveston Elec Co. a. -Jan
Honolulu RapT&LCo.Jan
Houghton Cost Ry.a.Jan
Houston Elec Co. a. ..Jan
Illinois Traction Co. a. Feb
Jan 1 to Feb 28
Jackson Consol Tr Co. Feb
May
Feb 28
Jacksonv ElecCo.a..-Jan
Kan C Ry & Lt Co.a. .Feb
June 1 to Feb 28
1
to
Previous
Year.
^
19.537
207.758
23.099
316,898
^7,134
35,372
173.000
21.951
36.707
75,617
, _„
44.172
.
60.793
614.963
36,593
80.036
13.930
29.788
39,718
86,285
375,419
789,627
50,348
104.772
107.655
221.870
37,062
344,802
27,346
71 ,951
162.096
19,349
27,958
14,832
43,077
209,064
442,816
9,055
112,067
24,913
385,019
3,850,206
.
5,58.046
23. .599
48,426
11,209
24,554
30.406
65,166
317,344
670,107
43,450
91.043
95.425
201,252
31.390
305,386
23,845
62,020
1.30.686
18, .580
26,289
15.674
34,672
170,380
361,740
7,968
83.727
25,560
310,503
3,267,490
Current
Year.
$
1,983
57,875
12,816
206,200
7,483
16,478
93,281
7,997
2,436
6,031
18,169
242,355
15,543
36,293
5,331
12,071
12,737
31,755
141,100
306.073
20.626
41.328
61.063
109.277
15.549
158.555
7.594
27.423
59 .837
5.382
10,972
1,485
12,940
93,751
202,061
3.121
43.242
10.376
1.39.950
1,645.275
Previous
Year.
$
,
1
41 ,043
88,877
RR & Lt Corp—
20,750
42,760
16,000
29,900
5
35,755
72,655
128,211
264,615
22,898
47,903
57,377
398,843
262,105
507,202
22,015
44,899
28,581
60,197
56,058
109,157
4,202
8,610
43,269
1,700
30,807
3,623
7,889
6,301
11,920
4.342
64.501
129.837
569,690
30.051
62.965
29.266
64.763
17,755
6,160
86,372
79,503
36,002
71,472
298.807
17.430
20.681
11,446
67,646
143,551
8.047
191.642
393.888
236.619
610.255
6,834
13.625
40.250
85.500
29.250
60,260
1,100
70,600
146,850
234,843
254,512
489,194
530,533
33,855
40,804
72,378
85 ,650
185,864
213,416
Montreal Street Ry.-.Feb
1,171.015 1,027,213
Oct 1 to Feb 28
506.508
New Orl Ry & Lt Co.b.Feb
1,005,086
Jan 1 to Feb 28
42.808
54,862
Norfolk Ry & Lt Co. -Feb
92,845
115,345
Jan 1 to Feb 28
60,312
66,420
North Ohio Tr&LCo. a. Feb
125,777
139,655
Jan 1 to Feb 28
100,354
118,996
Oakland Trac Cons _b. Feb
205,027
240.618
Jan 1 to Feb 28
6,615
8,173
Feb
Olean St Ry.b
15.403
17,112
Jan 1 to Feb 28
75,779
85,899
28
Feb
July 1 to
6,252
7,905
Jan
Orange Co Tract
74,863
80,965
July 1 to Jan 31
7,766
9,133
Peekskiil Ltg & RR - -Feb
16,882
19.343
Jan 1 to Feb 28
9,486
12,048
Pitts KcKeesp & G.b.Feb
19,428
26,655
Jan 1 to Feb 28
11,712
14,902
Rochester & Ea Rap. b. Feb
124,452
147,409
Rochester Railway.b.Feb
259.403
305,170
Jan 1 to Feb 28
1,048,617
1,270,148
July 1 to Feb 28
60,607
60,213
St Joseph Ry L & H-.Feb
108,633
126,791
Jan 1 to Feb 28
41,170
49,083
S F Oak & S Jose Ry - -Feb
81,551
97,391
Jan 1 to Feb 28
41,340
49,618
Savannah Elec Co. a. .Jan
9,761
12.816
Schuvlkill Ry Co .a -..Feb
175.732
Aprill7toFeb28
201,760
236.396
Seattle Electric Co-a^-Jan
68,479
79.360
Syracuse Rap Tranb-Feb
142.733
166.411
Jan 1 to Feb 28
683.345
675.438
July 1 to Feb 28
31,139
37.839
Jan
Tampa Elec Co-a
46.247
59,831
Terre Hte T & L-a...Jan
26,647
Tol Bowl Green & So .a. Jan
133,405
142,811
Toledo Rys & Lt Co .a. Feb
284,349
301,864
Jan 1 to Feb 28
15,452
20,697
Jan
Toledo & Western
321 ,450
380,385
Twin City Rap Tr-b--Feb
672,570
788,250
Jan 1 to Feb 28
563,337
638,076
United Rys St Louis a -Feb
1,336,003 1,1.59,833
Jan 1 to Feb 28
13,304
18,868
Wash Alex & Mt V-a.Feb
29,657
36,871
Jan 1 to Feb 28
done to-day.
Jross Earn'gs
,486
47,932
.
def. 1,137
def. 1,993
13,944
216.761
8.710
18.883
2,238
5,846
7.483
19.466
106.274
229.832
18.116
37,801
49.511
107,3.53
10.566
131,497
9,169
23.129
48.588
820
12,449
76,014
164.395
3.042
28,189
10.625
94,946
1,378,597
15,235
35,176
24,850
53.223
43,778
86.930
2,707
7,605
38,362
105
23.490
2,444
6.673
3,981
7,118
1,137
50,010
107,371
476.744
17.063
40,036
25,741
49,717
15,733
.59.124
27,233
57,236
249,391
12,219
16,060
64,174
139,028
4,835
151,170
326,976
155,294
319.294
3,346
8.900
STREET
Interest Charges and Surplus.—The following
earnings given in
railways, in addition to their gross and net
&c., witn
the foregoing, also report charges for interest,
charges:
those
below
or
above
deficit
or
the surplus
&c—
—Int., Rentals.
Previous
Current
Year.
Year.
& Hudson Ry.Feb
July 1 to Feb 28
Charleston Cons Ry Gas
Feb
& Elect
Mch 1 to Feb 28
Clev Painsv
Jan
&
to
1
East. .Feb
Feb 28
Feb
Detroit United
Jan 1 to Feb 28
Feb
Duluth Street Ry
Jan 1 to Feb 28
Feb
Elgin Aurora & So
July 1 to Feb 28
Jan
El Paso Elect Co
Galveston Elect Co-.-Jan
Honolulu RapT&LCo-Jan
Houghton Co St Ry- - -Jan
Jan
Houston Elect Co
Jackson Consol Tr Co -Feb
May 1 to Feb 28
Jan
Jacksonv Elec Co
Kan
City-We.stern
J\ily
1
to
Ry.Jan
Jan 31
Lake Shore Electric. -Feb
Jan 1 to Feb 28
Feb
Milw Elec Ry & Lt
Jan 1 to Feb 28
Feb
Co.
Milw Lt Ht <& Tr
Jan 1 to Feb 28
Montreal Street Ry--.Feb
Oct 1 to Feb 28
New Orl Rv & Lt Co -Feb
J an 110 Feb 28
Norfolk Ry&Lt Co -..Feb
Jan 1 to Feb 28
—Bal.
5,000
40,000
12,708
157,042
6,678
13,356
92,296
184.538
17.450
34.986
8,989
74.161
3.749
4,166
4,970
3,898
8,174
2,796
27,742
3,325
6.250
48.611
20,404
40.808
r86 ,093
r 70 ,309
1
r21 ,954
r43,691
36,124
138.962
146.147
289.981
20.010
39.981
of
NetE'ngs.—
Current
Year.
Previous
Year.
S
$
$
$
Roads.
Albany
.
10.069
106,465
230,588
14.568
33,310
37,968
325,335
deducting taxes.
a Net earnings here given are after
taxes.
b Net earnings here given are before deducting
4,201
141,674
6,438
13,340
81,095
4,115
2,692
38.994
12,580
28,556
6,503
71,412
20,414
41,386
to
1
8
$
15,134
167,070
Feb
Feb 28
Feb
Lighting Dept
Jan 1 to Feb 28
Feb
Trucking Dept
Feb
Total all depts
Jan 1 to Feb 28
Milw Elec Ry & Lt.b.Feb
Jan 1 to Feb 28
Milw Lt Ht & Tr Co.b.Feb
Jan 1 to Feb 28
Jan
27,649,
13,313 .lii.i'
18.324
8,693
1,005,086
506,508
115,345
42,808
54,852
139,656
60.312
66.420
242.847
117.001 110.282
240.618
118,996 100,364
17,112
6.616
8,173
7.905
6.252
7,905
19,343
7.766
9,133
25,665
9,486
12,048
31,869
12.966
14,698
11,712
14,902
305.170
124,462
147.409
W.l
19,445
187,973
52,128
111,756
Ry Dept
85,500
60,250
169,647
234,843
33,855
185,864
—
Net Earnings—
Previous
Current
Year.
Year.
$
$
Roads.
Kan City- West Ry.a.Jan
July 1 to Jan 31
Lake Shore Electric, a .Feb
Jan 1 to Feb 28
operations of the Scrana Fieures for the month in both years include
March 1. d These are
ton Ry fcquired Jan. 1 1906. 6 Total is from
y Spanish silver.
results for main line,
Ft
747
THE CHRONICLE.
1906.
def.3.017
17.875
def.3.614
7.932
12,693
155.544
6,673
13,336
92,970
186,407
5,461
85,313
def. 1,347
def. 1,285
60,207
def .4, 435
def. 7. 490
;r52,719
.Tl7,137
xl28,075
16,711
3.176
6,342
6,560
84,394
3.845
1.216
Z50.691
1.405
6 .000
40.000
33,440
9,133
74,305
3,356
4,813
3,407
8,388
2,688
26,375
3,016
6 ,833
46,667
20,404
40,808
r7 1,192
rl45,542
rl8,372
r37,315
20,477
95,805
1.261
4,361
1,432
57.192
5.813
a;6.577
x5,553
de/2.413
4,766
dc/2,587
4.061
325
15,500
7,051
253
22,801
10
578
j44,81l
t99,129
Jl,012
x4,348
21 ,253
2.59,881
354
2.814
7,609
def. 3, 141
def .7 .653
def. 7,824
def. 12. 252
X36,454
3-88.333
jdef 3,804
j-def4,005
17,491
229,530
115,958
217.221
19,156
38,063
j/8,074
?/17.t02
!/8,059
TU^
748
-hil., KentalH, Ac.
Current
rear.
Roads.
$
22,667
Nor Oiiio Trac & Lt Co Feb.
Jaa 1 to Feb 28
45,33'4
OakliVU<l Trac Coiusol
Feb
35,678
Jan 1 to Feb 28
71,357
Olean Street Ry
Feb
2,726
Jan 1 to Feb 28
5,470
July 1 to Feb 28
21,300
Rochester & East
Feb
7,050
Rochester Railway
Feb
27,776
Jan 1 to Feb 28
55,761
July 1 to Feb 28
223,788
&S.To,se R,y..Feb
Feb 28
Savaauah Elect Co
Jan
Schuylkill Ry Co
Feb
April 17 to Feb 28
Seattle Electric Co
Jan
Jan
to
1
Syracuse Rap Tran. .Feb
Jan 1 to Feb 28
July 1 to Feb 28
Tampa
_
_
.
-Hal.
Previous
Year.
$
1,933
5„9U
7,389
12,960
25,627
14,S63;
20,38P
37,800
1,476
3,140
21.959
2,69.3
5,386
21,204
6,675
26,776
53,762
215,612
14
2.219
17,158
def.2,708
def.5.,538
36,725
74,076
345,802
261,132
23.234
.53,609
13,009
25,587
20, ,520
12,732
24,130
10,904
10,553
6.851
5,180
1
1
,.3,09
660
5,500
55,847
•
of
Current
Year.
i
17,747
34,243
.30.525
23.230
25,1.35
56,273
33,989
22.092
43.851
166.356
20,312
40,646
162,371
12,910
27,621
132,451
6,921
87.020
1,937
17,430
10.282
8,962
10.264
7,098
Co
Jan
Terre Hte T & L Co... Jan
Toledo Bowl Gr & So .Jan
Toledo Rys & Lt Co
-Feb
Jan I to Feb 28_. .
Twin City Rap Tr Co .Feb
Jan 1 to Feb 28
United Rvs of St Louis Feb
Jan 1 to Feb 28
Elect
-
Prfvutus
Year.
$
22,917
45,834
30,818
61,303
.
SFOuk
—
Clim^lGl^..
NiH E'ngn. —
nil
10,417
9.715
1,731
...
84.594
tl09,708
42,819
85,520
25,342
58,957
A-97,325
A;219,416
A;194.6.50
81,834
174.472
198,609
199,657
399.344
38,010
113,037
4j2,304
397,21>i
16, .590
is
{Report for Fiscal Year ending Dec. 31 1905.)
President Juiues MoCrea, under date oi March 20, says in
substance:
General Remtlts.
The Vandalia RR. Co. commence<l operation of the
—
con.solidatfd properties on Jan. 1 1905.
(A copy of the agreement of
cou.soUdation i.s appended to llic pamphlet report).
The results for the
past .year show that after meeting all interest and rental charges, providing a dividend of i% on the issued capitid stock, and setting aside
$325,000 to provide for extraordinary exiienditures for betterments and
improvements, a balance of $96,184" was transferred to. credit of profit
and loss.
Tlie volume of tonnage moved o.ver all lines for the year shows an increase over 1904 of 8.75%. and an increase in ton mileage of 13.30%.
The average rate received per ton per mile was 7 3-10 mills, a decrea-Se
of '4-10 of a mill.
The decrease in passenger trattic is due to the large
basiness to and from St. Louis during tlie Louisiana Purchase Expo.sition
held in that city in 1904.
Tlie number of passengers transported decreased 159,354 "and the decn^a.se in the passenger mdeage was 51 ,426,846
miles.
The average rate ret.eived per pas.se.nger per mile was 2.07
cents, as compared with 1.87 cents in 1904.
Capital Ei;penditurcs.
Tlie.se aggregated 81,138,679, viz. (a), account
of "cost of road":
Purchases of real estate for freight hou.se at Indianapoli.s, .?200.750: track elevation, Indianapolis, S21.429; (b) Equipmenl: 1,,000 ste«l gondola cars added to freight car equipment. ^916,500.
^onds. There were issued during the year $7,000,000 consol.
mortgage. .Series ".\." 4% bonds, of which $5,927,000 were exchanged
for matured bonds and certificates of indebtedness of constituent companies and .$1,073,000 were issued to provide additional equipment and
for other lawful purposes.
Consolidated, 2d mtge. 5% bontLs of the
Terre Haute & Indianapolis KK. Co. were called for redemption Jan. 1
1906 at 105% and interest, and $212,000 were paid prior to Jan,. 1,
leaving then due and payable $388,000.
Equipment. The authorized equipment of the Vandalia Rll. Co. Jan.
1 1905 consisted of 197 locomotives (6 vacancies Dec. 31); 141 passenger
equipment cars; 5,872 freight eciuipment cars (129 vacancies, reduced to
69 Dec. 31); 201 miscellaneous cars.
1,000 steel gondola cars were purchased and added to tlie equipment.
Rails, &c.
There were 1,983 tons of new steel rails and 818 tons of
partly worn rails and 282,716 cross-ties used in renewals.
Additions, d-e.
There was expended $87,527 during the year for addiextraordinary extions, improvements, &c., and charged against
penditure funds.
On Nov. 1 1905 an agreement was entered into
Elevation of Tracks.
with tlie city of Indianapolis for the elevation of your tracks in that
city, in compliance with a State law enacted in February 1905 empowering cities of 100,000 or more inliataitants to compel railroad companies to
Tlie total estimated cost of
elevate tracks within corporation Umits.
the work is .3478.079. of wliich the city of Indianapolis is to pay $100,532,
and the remainder. S377.547. to be paid by your company.
Svil.
On Dec. 13 1904 a suit was filed in the Circuit Court of the
United States for the Di.strict of Indiana bv Edward H. Bonner of NewYork City against the T eri-e Haute A: Indianapolis RR. Co., to prevent
liy injunction the consolidation.
The Court refused an in.iunction, and
It i.s exthe consolidation became effective, as proposed. Jan. 1 1905.
pected tliat the bill will l)e dismissed and that Mr. Bonner will try to take
been
decree
has
yet
but
no
final
the case to the Circuit Court of Appeals,
—
—
—
—
owned and
—
—
annual
all
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the "Railway and Industrial" and "Street Railway"
sections.
entered.
This index does not include reports in to-day's "Chronicle."
—
Railroads
Chicago Peoria & St. Louis
Cincinnati Hamilton & Dayton
Delaware & Hudson
Green B vv & Western
Page.
623
563
686
6SS
Huntingdon&Br.Top Mt.RR.<fe CoaI_452
Indiana Illinois & Iowa.
627
Kansas City Southern
332
Lehigh & Hudson River
449
Maryland & Pennsylvania
509
Mlchisan Central
687
.--.-.628
Jlissouri Pacific (6 mos.)
Northern Central..'.
448, 458
Pennsylvania RR
506, 514
Pere Marquette.
564
Piiila. Bait. & AVashington
629
Philadelphia & Erie
393
688
Rutland RR
688
Texas & Pacific
West Jersey & Seashore
570
565'
Wheeling & Lake Erie.
Industrial Companies
Alabama Consol. Coal & Iron
391
Alaska Pacliers' Association
390
Atnerlcan Banlc Notie Qoro
457
..
American Can
332
626
American Cement
American Cigar
-566
Amer. Dlst. Teleg. of New Jersey
394
—
—
-216
American Light <Sc Traction
American Dist. Teleg. Co. of N. Y--.220
690
American Hardware Corporation
American Pipe Mfg
567
American Radiator
625
Amer. Sewer Pipe (bal. sh. Dec. 3-l)-451
L - .566
American Snuff
Amer. Soda Fountain (bal. sheets). .567
Amer. Strawboard (bal. sh. Dec. 1).-451
American Sugar Refining (bal. sh.>--333
American Telephone & Teleg .68&. 697
624
American Tobacco
American Woolen
566
American Writing Paper
.450. 689
511
Associated Merchants (6 mos.)
571
Bell Telephone of Canada
Bell Telephone of Philadelphia
Cambi;ia Steel
..394
689
694
.394
Central Dist. & Print. Teleg
507
Central Leather
Chesapeake & Potomac Telephone. .572
Chic. June. Rys^ & Un. Stock Yards. 564
389
Chicago Pneumatic Tool
Consol. Cotton Duck Corp. (6 mos.). 625
Consolidated Rolling Stock
,
567
Consolidation Coal Co. of Maryland .694
Cumberland Telephone & Telegraph 280
Cuyahoga Telephone
337
572
Daly- West Silver Mining
..389
Diamond Match
Dominion Coal
460
694
EUistman Kodak
695
Electric Storage Battery
512
Empire Steel & Iron
279
General Chemical
221
Uarrlaon Bros. & Co
512
Hudson River Telephone
Canadian General Electric
.
Industrial
Companies
—
Huebner- Toledo Breweries
Illinois
V'daliaRR.
Freight—
390
690
Brick
International Salt
International Silver
566
Knickerbocker Ice, Chicago
390
Lehigh Coal & Navigation
566
Mackay Companies
450
Manuiacturer.V Light & geaX, Pittsb.390
Maryland Coal
337
Milwaukee & Chic. Brew., Lim
455
National Biscuit- . _ :
..
388
National Carbon
508
National Glass (bal. sh. Feb. 1)
456
Nebraska Telephone
456
New York & New Jersey Telephone. .456
N. Y. & Penn. Teleph. & Teleg
695
North American Co
216, 223
North Shore Electric.-513
Nova Scotia Steel & Coal
696
Ohio Fuel Supply-.
395
Osceola Consol. Mining
513
Otis Elevator
690
Pennsylvania Telephone
338
People's Gas Light & Coke
.388
Pioneer Telephone & Telegraph
696
Pittsburgh Coal
389
Pittsburgh Plate Glass
394
Pressed Steel Car
..
450
Provident Loan Society ot New York 690
Pullman Co. (bal. sheet Aug. 31)
279
Quaker Oats
508
690
Quihcy ijining
Railway & Light Securities, Boston. .449
Railway Steel Spring.
508
Richelieu & Ontario Navigation
456
Rocky Mountain Telephone
574
'
.Sloss-Sheffleld Steel
TRAFFIC STATISTICS.
Inc.{ + )or
page.
337
&
Iron
.
.
.
Miles of road oper--
FOja
Jersey
Ry
&
— 51.03;8.,573
+0.22
cts.
+0'.73>ctis.
—$0,188
Earnings
—
—$705,057
$1,902,371
—159.354
2,555,836
88,150,751 —51,426,846
cts.
+0.20
2.07 cts.
+0.67
2>.28 cts.
Freight traffic
cts.
—$0,146
$1.09
165.75 miles.
YEAR ENDING DEC.
ALL UNES DIRECTLY OPERATED.
Passenger traffic
Express traffic
Transportation of mails
Rents and miscellaneous
31
In. or Dec.
Inc. $348,876
ol904.
$4,826,858
2,607,429
168.328
522,043
137,124
Dec. 705.067
Dec.
3,318
Inc.
2,218
Dec. 59,278
$7,845,223 a$S, 261 ,782
Dec. $416,559
1905,
$5,175,734
1,S02,372
165,010
524,261
...
77.846
..
.625, TOOi
Total
Ezpcn.^es
—
Maint. of way and structures.-. $1,033,852
1,343,657
Maintenance'of eouipment
215,780
Conduct'g transportafn— traffic
Conduct'g transp.— opeiation.. 3,160,626
170,493
expenses
General
225,646
Taxes
—
$019',165
Inc. $114,687
1,448,459
219,133
3,458,412
146,554
251.333
Dec. $104,802
Dec.
3,353
Dec. 297,785
Inc.
23,938
Dec. 25,686
$6,443,056
&289,916
Dec. $293,002
Dec. $123,557
Dec. 25,5,645
$1 ,729,440
Total net income
Deduct
Peoria
Terre
Haute
&
Rental of
$194,804
RR., 30% of gross earnings..
540.170
Intere-st on funded debt
of
Evanstrack
use
of
Rent for
9,000
ville& Terre Haute RR
Miscellaneous items
$2,108,642
Dec.$3<7«,.202
$743,974
$985,466
Net income
capital
stock
.
.$564,282
on
of
Dividend
4%,
Extraordinary expenditure fund . . . 325 .000
$857,253
$1,251,389
$6,150,054
Total
$1,695,169
Netrearnings
34,271
Dividends and interest received -
507
691
627
Havana Electric Ry
509
Indiana Union Traction
449
Indianapolis Traction & Terminal.. 627
International Trac. Co.. Buffalo
624
Inter-State Railways. Phila
-..627
Knoxville Ry. & Light
628
Little Rock Ry. & Electric
628
Louisville Traction 692
New
(— ).
—
—
—$692,287
—129.045
X Including Terre Haute & Peoria RR.
GENER.\L INCOME ACCO.UNT FOR
Chicago City Ry
Eastern Consolidated Electric
Georgia Ry. & Electric
—
Hudson Riv.Ry.&Fer.510
Twin City Rapid Transit
Dec.
1905.
PciSSCTlOCT
Passenger earnings- $1,775,291
Passengers carried .
2.320,886
Pa§s. carr'd 1 mile- 82,666.287
2.06 cts.
Av.earn.p. pass. p.m.
2.24Gts.
Av.costp.pass.p.m.
$1,118
Earn.p. pa^s. tr. rn.
RR
Toronto
Inc.{+)o
Total.
x824.06
85,175,734
—
—
Southern New England TeJ.ephono...284
Spring Valley Water
L-..33&
Swift &Co
.....
..279
Tennessee Coal. Iroa &
507
Union Natural Gas Corp., PittBh-.--449
Union Switch & Signal
567
United Box Board & Paper
..... 450
United States Leather
507
United Teleph. & Tel. Co.. Penn
4S7
391
U. S. Reduction & Refining
U. S. Steel Corp
624. 633
Western Telephone & Telegraph
702
Westlnghouse Elec. & Mfg
216
Street Railrcays
Dec. {—).
1905.
658.31
-1- $348,876
Freight earnings-.. $4,675,742
-l-$353,310
-1-8.07%,
+7.55%
65.97%
P. c. of total earn'gs
64.98%
+637,328
7,917,745
+598,860
Tons carried
7,174,257
Tons carried 1 mile -631 ,595,944 +72,237,541 710,245,661 +83,391.449
$6,282
+S402
$7,104
+$507
Earn'sp. m. of road
.04 cts.
.73 cts.
.74 cts.
.03 cts.
Earn's p. ton p. m.09 cts.
.58 cts.
.09 cts.
Av. cost p. ton p.m.
..59 cts.
+19..27
263.92
+19.98
261.78
Av. train load (tons)
+1.1 cts.
$1,908
+6.9cts.
Earn.p.rev.frt.tr.m.
$1,954
494
.556
Total
Alaska Central Railway.
t
VOkL. Lx^jyi.
—
k Charges include dividend on preferred stock.
r Charges include an allowance for depreciation.
allowing for other income received.
.T After
y After allowing for proportionate earnings of companies
miscellaneous deductions.
ANNUAL PEPORT3.
Annual Reports. — The following
an index to
21,355
53,508
53.845
132.326
def.44,363
aef.80,050
I
$1,818,726.
$200,051
622,847
Dec.
Dec.
$5,247
82,677
9,000
25,356
Dec.
25,356
Dec.»113.279
Dec. $265,923
_
{Report jar Fiscal Year 1904-05.)
President A- C. Frost, writing under date of Seattle, Nov.
Balance to credit of profit and loss $96,184
2,2 1,90.5., gives an interesting aqcoupt of the progress which
a Includes results of operation of Terre Haute!*; Indianapohs RR. Co.,
is being made in the construction of this road and the
St. Louis Vandalia & Terre Haute RR. Co., Terre Haute & Logansport
development of the territory through which the line ex- Ry. Co., Logansport & Toledo Ry. Co. and the Indianapohs & VinThe report, which will be found on subsequent cennes RR. Co.. which Companies were merged into toe Vandalia
tends.
1 1905.
pages of this issue of the "Chronicle," should be read in RR. Go. Jan.$205,380
received by the Terre Haute & Indianapolis. RR.
Includes
connection Ayith the map which is given on page 11 of our Co in 1904. being accumulated divideiids at 7% per annum for 1896-1904
"Railway &. Industrial" section.— V. 81, p. 18.46.
'on St. Louis yandalia & Terre Haute B.R. Co. pfef^i^ed, stock and $40,,
/)
.
^AR,
—
.
im
THl^ CHRONIOIi^.
31 1906.]
957 interest on funds of St. Louis Vandal.ia & Terre Haute RIl. Co. on
special deposit wliidi could not be distributed until after the close of legal
INCOME ACCOyNT.
1905.
%
6,219,301
,
prpceedings.
Earninas
Cal.
Y-ear
—
1905
1904
Qf T^^rre
Operating
Oross
Earnings.
$649,346
666 835
Expenses'.
|59i6,3S7
625
VANDALIA RAILROAD
'
ConSt'n rt.of way
& real e.st- .22.0.32.725
Equipment
4.382, sop
-
165,535
39,275
356,400
512.2/0
325,377
Supplies on hand
Cash in hands of Treasurer .
Cash 00 deposit (.special acct.)
cash tor redemption of T. H.
.
RR
.
M
L'd
.
407,400
397.475
90,328
231,222
153,377
309.953
Cash lor renewal of equip.. &CCaSh to pay int. on bonds, &c.
Cash from asents, in transit. .
Due by agents and conductorsDue by individuals and cos
Due on
3L 1905.
—
Liabilities
$
Capital stock (and $130 scrip). 14,094.230
Capital stk. ot constituent CDS.
not yet conv'd merger val. j:555,31f)
Funded d<'bt
?/ll,4SS,000
Accts. payaliJe (current exp.)797,400
Due other companies
186,818
Matured interest on boni^
84,155
—
miscellaneous accounts
322, .S5 7
14.317
--
Int., dividends,
106 250
Miscellaneous liabilities
380,472
Fund fpr renewal of equipment
18l[5S7
Extraordinary exp. tUnd
310 890
Divid,end No. 2 (2%) payable
Feb. 15 1906
282,168
Balance to credit o£ proUt and
loss
...1 1,207,731
Total
&c.-.
-.29,741,017
a; 3,350 sliare,s Terre Haute & Ind. RR. Cj. stock, par $50 per .share,
convertible into 5,025 shares Vaiidalia RK.. stock, par value $100 each,
RR. Co. common stock,
$502,500: 264 shares St. Louis Van. & T.
par $100 per share, convertible into 528., shares Vandalia RR. Cj.
sto,ck. par $100 each, Si52,816.— V. 82, p. 629, 335.
y Including $388,000 called for redemption as of Jan.l 1906.
H
& Michigan
W. H. Newman
9,737,964
1,305,613
3,822,776
on bonds
on bills payable.Diys.o^ guar, stock.-
Int.
Int.
9,497,742
1,068.797
3.781,417
136,435
53,350
88,26,1
'
53,350
Southern Railway.
510,645
500,422
1905.
Assets—'
%
RR.,bldgs., equip., &c. 84,000,000
Realesfate ...'438,661
a76,669,353
Stocksowned
Bonds owned
61,223,635
lav'm't in leased lines Ihcl. above
Materials, fuel, &c --3,263,448
—
—
Cash
—
—
66ri,040
Total
— The comparative statistics for four years, com-
piled for the "Chronicle " are as follows:
OPERATIONS AND FISCAL RESULT?.
739
662
627
1902.
1,411
Equipment—
Pas.senger cars
519
498
480
Freightlcars
28,298
2Q,064
23,848
W^orking cars
792
952
733
Operations
Pa.ss. carried (No.)..
6,545,616
6,170.269
6,200,517
5,553,930
Pas.senger mileage . _ 369 ,901 ,000 348,397,149 347,653,654 312,342,607
Rate p. pass p. mile .
2.035 cts.
2.037 cts.
2.069 cts.
2.069 cts.
—
.
_
Passenger earnings per
train mile
$1.47
Rev.fr't (tons) mov_- 32,314,514
Fi]eight (tons) mileage a5, 099, 918
Av. ra,te per ton p. in. 0-52O cts.
$1.4822
26,8.46,891
04,592,721
0.522 cts.
Tftns of rev. freight
per train mile
Fr't earns, pgr tr. m..
619.6
.$3.22
588.3
$3.07
Earn. perm. Of road-Earnings
$24,983
$;J3,81.^
—
Pa,ssengers
Freight
Total
Expenses —
gro.ss
earnings 38,600,810
& struct
of equipmentCOiadlfcting transp'n.
(^Oeral :.Main, of wav
0.521 cts.
614.8
$3.2162
$24,307
$1 .5908
24,069,475
a4, 053 ,501
0.517 cts.
576.5
$2.9888
$
$
7,239,896
24,185,294
3,735,863
7,191,935
24,119,761
3,4.56,385
$21 ..577
$
6,461,094
21,016,391
2,971,807
35,161,053
34,768,081
30,449,292
3,3.59, .377
3.236,008
2,0S7,275
10,660,929
$
7 ,675 ,938
26,989,655
Mail, expr., rents, &c3,935,217
.
$1 .5504
25,960,950
04,610,710
4,369,542
4,944,965
14,292,416
620,791
1,050,000
3,281,901
4,340,250
13,482,788
522,107
,0.50,000
3,486,044
13,118,276
472,023
960,161
Expen.ses <fe taxes
25,277,715
equipmerjt
3,.360,773
Constr'n & betterm'ts 3,743,021
22,677,045
21.395,881
17,796,603
2,77-6.03*
l,7<ia,140
1,423.67:!
2,784,20r
4„527,136
2,708,788
Total expenses
32,381,509
P. c. of exp. tp earns.
(.83. 8t)
N^t eafjoings.
6,219.301
28,234,280
27,7H,157
21,989.084
(79.70)
(72.22)
6,926,772
7,056,924
8,460.228
ft^tiln.
T^xes
1
40S,:}99
803,:i91
Liabilities
—
a Three ciphers omitted.
1902.
S
89,344,305
997,189
32,478,357
291,235
2,323,847
291,2.35
1,650,642
2,.586.739
1,961, 043i
3,739,614
1.159,393
3.972.013
1.751,762
50,000,000
91,324,000
2,896,187
1,978,660
611,357
50,000,000
91,324,000
3,200,000
2,005,335
237,945
50,000,000
51,266,000
5,000,000
1,758,003
374,092
6,079,7.35
3,348,260
472,192
16,888,066
3,830,230
307,747
348,212
17,262,033
3,.303,S39.
889,962
1,703.956
17,118,973
vouchers
Duerailroads
Income account
Total
1903.
%
50,000,000
101,324,000
3,000,000
1,978,660
992,270
Miscellaneous acc'ts-.
281,46,7
288,593
18.035,139
183,087,557 167,518,723 168.515.503 13Q.307.132
liabilities
a Total par value. $104,671,200, iacludio^ Cleveland Cin. Chic. & St.
L. kv., $18,752,700: Detroit & Chicago RR., common, $1,000,000; Detroit Monroe & Toledo, $414,100: Detroit Toledo & Milwaukee RR., coramoa, $750,000: Indiana Illinois & Iowa RR. common, .$5,000,000; Indiana Harhor RR. C, $1,055,000; Lake Erie AUuiuce & Wheeling
and Lake Erie Alliance & Wiieeling Coal common, .$5,000,000; Lake
Erie & Western RR. common, $5,940,000: preferred, $5,930,000: Lehigh
Valley RR. common, $5,700,000; Mahoning Cpal IIR. common, $865,900;
preferred, .$399,500: Merchants' Despatch Transportation Co. commoa,
.$575,700: New Vork Cliicago & St. Louis RR. 1st preferred, $2,503,000:
2d pref.. .$6,275,000, and common, .$6,240,000: Pittsburgh & Lake Erie
RR. common, $5,000,100; Reading Co. 1st pref., $6,065,000: 2d pref.,
$14,265,000, and common, $10,002,500: Terminal Railway of Buffalo
common, $500,000; Lake Shore & Michigan Southern, $3,900, &c.
b Total par value, $1,527,000, including Elkhart & Western 1st mortgage, $200,000: Jamestown & Franklin 1st mortgage, $298,000; 2nd mortgage, $500,000; Pittsburgh Chart. & Yough. 1st mortgage. $29,000;
Term. Ry. of Buffalo, $500,000.— V. 82. p. 509, 392.
RR
Associated, Merchants Go.
(Report for Fisccul Year enduing Feb. 1 1906.)
The results for the years ending Feb. 1, and the balance
sheets at the end of each year follow:
Ybcit
1903-04.
(634)342,293
(8)4)481,630
1904-05.
S
1 ,084,925
(5J4)248,406
(63^)309,937
(8)363,886
(5)246,393
(6)303,457
(7)350.962
1,102.179
240,182
922.229
162.696
900.812
160.340
1905r06.
—
Net earnings
Di v. oh 1st preferred stock
Div. on 2d preferred stock
Div. on common stock
1
S
,342,362
(5M)278,256
Tptal
Balance..-.
BALANCE SHEET FEB.
A.S8€ts
Cash
S
1
,061 ,153
I.
1906.
S
2.637.669
1906.
S
2.047.489
5.900,000
x4, 000.000
1904.
S
1,.8§4,79.:?.
AH
the primary securities of: J. McCreery & Co., N. Y.; H. O'Neill
& Co., N. Y.; Stewart & Co.,
Bait.; J. N. Adara & Co., Buff..
and 12,000 shares of the pref.
stock of A,danis Dry Qppds Co..
•
N. Y., aggregating in
\!^6ei
$5,900,000 par value
..
45,001 shares H. B. Claflin Co
Junior securities, aggregating $5,.200,000 par va^ue, yielding more
than 10% annual income on
$5,200,000
-
5.000.000,
5.000.000
x4,000.000'
5,000.000;
5,000,000
5,000,000
5.000.000:
18.537.669
16.047. 48^
15.884.792
Copajjion stock
6,171,500
5.073,500
0,005,000
4,393,600
5,061,200
5.545,200
5.016,000
Div. on 1st and 2d pref., Jan. 15 to
Feb. 1...
...: .
.
.
.
Surplus
.
1,287,669
22,913
1,024,576
22,912
861,880
18.537,609
16.047,489,
15.884,79^
Total assets-.
—
^^
Liabilities
First preferred stock-..
Second preferred stock
Total
liabilities
-
.
X Includ,ea entire business of McCreery Co.: 12.000 shapes
also Posner Bros. (Stewart & Co.)
p. 511.
4,925,500
5, 058. .500
ptaf.. stocJj,
Adams Co.;
—
V. 82,
Easti^an Eodajk Go.
{Report for Fiscal Year ending Dec. 31 1905.)
Results of operations and the balance sheet Dec. 31 follow:
INCOME ACCOUNT.
1905.
combined comp's-$4,0l3,913
Div. on pref. stock
and warrants (6%).
365.217
Div. on com. stock &
Profits of
Le.ss
.
New
3,272,869
89,344,309
1,259,944
65,671,007
5,707.588
,
Locomotives
256,087
53,350
183,087,557 167,518,723 168,515,503 130,307,132
a.ssets
—
1903.
1,454
2,041,165i
'
62,52^,662
491,235
1,650,792
2,405,954
4,951,520
Uncollected earns &
other open ace' ts_.- 16,828,420
—
1904.
1.454
10,128,793
1,042,667
761,042
1904.
$
89,344,309
438,661
Accrued int., &c
Audited pay-rolls and
says in substance:
1905.
1 ,520
1,668,565
9,393,794
1,104,191
2,028,463
1,736,760
53,350
GENERAL BALANCE SHEET DEC. 31.
payable
Dividend.s payable..
General Rssults.^The gross earnings for the year increased $3,439,756.
freight eirnings "show an increase of $2,804,362, accounted for principally by heavy west-bound movements of mercnaiidise and by increase
in ore" and coal tonnage. Passenger earnings increased $436,042.
Mail,
express, &c., increa.sed $199,353, mainly from express.
Tile operating expenses iiicrea.sed $2,600,669.
Maintenance of way
and structures increased $1,0.^7,641; aniDstt the entire amount
was due to expenditures for relaying 271.95 miles of road with new and
heavier rails, principally 100 pounds to the yard, and to renewing the
cross-ties for 333. 8& iniles of road.
Renewals of equipment increased
This account included heavy expenditures to replace old and
$394,894.
light-capacit.v engines and cars by new locomotives and cars of greater
capacity. Conducting transportation showed an increase of $809,628.
Tnere was no cliange in capital stock. The fund d
Capiializution.
debt has been increased l)y the i.ssue of the r^Mnaining $10,000,000 oi lue
authorized issue of $50,000,000 4% gold bonds.
Acquisitions.
There were purchased during the year 75,287 ($7,523,700) shares of stock of the Cleveland Cuicuinati Cnicago & St. Louis K\.
Co. a,nd 1,274 sliares ($127,400) of stock of the Indiana Illinois & lovva
RR. Co. [These acquisitions increase the holdings in these companies as
follows Ed.]:
Total
Owned (par val.) bi/ Lake Shore.
Issued.
Jan. 1 1906.
Jan. 1 1905.
C. C. & St. L. common. .$35,595, 163
$18,752,700
$11,224,000
Preferred
10,000,000
lad. 111. & Iowa
5,000,000
5,000,000
4,872,600
L^ase.
The miles of road were iticrea.sed by the acquirement, under
lease, of that portion of the Detroit Toledo & iVlilwaukee RR. extending
from Dundee to Homer, Mich., 66H miles.
Additions.
There was expended and charged against income: For new
construction, ,$3,743,020: for additional rolling stock (locomotives, $1,169,377: freight cars, $2,053,835; passenger cars, $99,021; other, .$38,540),
The amount charged for new construc$3,360,773: total, $7,103,793.
tion included heav.v ex[)enditures to increase the efficiency of present
structures in comiection with the four-tracking of the main line to meet
the demands of increased traffic.
The heavy outlay for adtiitional cars
and engines has increased the facilities for handling tonnage and decrea.sed
the charges for foreign eqiiipment.
Other Income.
The income from investments was $3,518,663, an increase of $947,693, due to additional revenue fron dividends on stocks
owned or acquired during the year and to interest received on sundry
loans, &c.
Fixed Charges. The first charges show aij increa.se of $230,000, due to
interest on additional bonds sol'd (V. 81 p. 613) and to increased payments
on account of ieasel lines.
Miles operated Dec. 31
2,336,870
,
Surplus
Bills
The
Statistics.
1902.
%
1903.
%
7,056,924^ 8,460,228
Tot. disbursements 5,270,000
5,040,000
4,922,7-64
3,393,269
Surplus for dividend-. 4,467,965
4,457,742
4,471,0.30
6,7:55,524
Dividends
(8)3 ,957 320(8)3 ,957 ,320(7 1^ )3 ,709,988(7 )3462. 6.55
Funded debt..-.
(Report for Fiscal Year ending Dec. 31 1905.)
President
3,518,66.3
Total income
Rentalspaid
Capital stock
Lake Shore
1904.
%
6,926,772
2,570„97O
'
'
29,741,017
Total
Netearnin^s
Accrued interest on bonds
bonds
Bills receivable
Loss.
$141,845
158,223
GEIH^RAL BALANCE SHEET,
C0JVIPA1S[Y
One-nrth iQt.inlndplis Un.Ry
Securities 6t other companies-
I
41828
OiOS
Balance,
$194,804
200„051
$52,9.59
S
j4 SX£tS
&
HayUe <& Peoria BR
"' Net
Rvilal
Earnings.
SO%ufgrQss.
DECEMBER
•
RbccvdIs
—
1904.
1903.
$3,339,148
$2,925,691
360.347
368,0.59
.(12%') 2,342,964 (1Q%)^.920,0L9 (10%)1 .860.805,
warranUs
Div. on stock out400>
standing companies
400,
5,232
Special reserve
7R,40A
.
Total
Surplus
$2,713,414
...$l,300.4b9
$2,281,366
$1,057,782
$2,313,668
$812,023
THE CHRONICLE.
750
EASTMAN KODAK CO. Ol' NEW JERSKY AND Sl'UKIDIARY COMPA N1E8—
COMBIN ED BALANCE tiUEET DEC. 31.
A ssets —
Plant, patents,
Kood-wlll. Ac.
tM
&
1904.
$
S
I
lAabilities—
'Stock
1904.
1905.
%
s
25,690,528 25, 526,121
19..V25.13S 1S,770.SS7 Stock subsld. coiii3.()9K,74S
2,939,{')02
iKinles outstaiul
Supplies
Ace
1905.
lilllsrec'le
l.«32,924
Bonds and stocks
3.430.70(>
Cash
3.602,521
68,582
..
Miscellaneous
1,391,343 Accounts payable
572,543
2,(il(>,K43iPref. div. Jan. 1 .
92,486
3,4«1,891 Com.dlv.Jan. 1 _
878,612
defor
64, 149 Reserves
prec'n, renewals,
cap.
purp'ses,&c
667,777
,_.
r.^_-,
Surplus
3,456,736
42.000
453.976
89,860
483,855
\
1
—
— Total
V.82,
a.ssct,s_.
501,666
2,156,236
Tot. liabilities. .31,358,680 29.263.715
.-31,358.680 29.253.7151
p. 694.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
—
—
Alton Granite & St. Louis Traction Co. Consolidation.
Sec East St. Loui.s & Suburban Co. below.— V. 82, p. 159.
Anthracite Coal Roads.
Union Orders Suspension of
Work in Anthracite Field on April 2. After the meeting of
the Anthracite Miners' Scale Committee, held at Indianapolis on Thursday, President Mitchell of the United Mine
Workers of America issued the following statement:
The committee appointed by tlie Shamokin convention on Dec. 14
met to-night and had under con.sideration the letter .signed by Mr. Baer,
dated Marcli 20, and wired him the following:
—
—
agreeable to you, a meeting of the joint sub-committee will be held
at 10 o'clock Tue.sday April 3 for the purpo.se of further
considering the wage-scale in the anthracite field.
The committee having
the matter in charge instructed the anthracite n)iners, except the men
necessary to run the pumps and preserve the properties, to suspend
work on Monday morning, April 2, pending further instructions from
the committee appointed by the Shamokin convention.
(Signed Ijy
John Mitchell, Chairman, T. D. Nichols, W. H. Dettrey, John Fahy,
Presidents Districts Nos. 1, 7 and 9.)
If
in
New York
The anthracite
coal operators, it is understood, stand firm
their proposition for a renewal of the existing agreement
for three years.
The union asks an increase of 10% in wages,
also that "eight hours shall constitute a full day's work for all
persons covered by this agreement," and further proposes
that the employer shall deal only with the union.
As the
miners average only 7.6 hours a day working 2.58 days yearly,
President Willcox of the Delaware & Hudson states that
the change in the length of the nominal day from 9 to 8
hours would be equivalent to giving a wage increase of
12J^%, The extension of the scale, alsO; to all classes of
operatives would, according to different estimates, give the
outside men an increase averaging 30% to 38%.
As compared with 1901 the total increase in the cost of labor, it is
said, has amounted to more than 30 cents per ton.
The
on
present demands, it is a.sserted, would further increase the
price of anthracite $1 10 per ton.
The number of anthracite
employees is placed at about 150,000 and the annual disbursements of wages at about $92,000,000. (Compare
digest of President Willcox 's pamphlet in "New York Summary" of March 28 1906.) The anthracite companies announce that they have a reserve of over 9,000,000 tons of
coal ready for the market against any contingency.
Bituminous Coal Roads. See item following. V. 82, p.
279.
—
—
—
Atlantic City RR.— Listed.
The New York Stock Exchange has listed .$787,000 additional first consol. mtge.
guaranteed 4% bonds of 1951, making the total li.sted $1,850,000.
Of the additional bonds $786,000 were issued "to
aid in the completion of the road."
Earnings.
For seven months ending Jan. 31 1906: Gross,
—
$1,058,203; net, $273,210; fixed charges (incl. taxes),
$117,067; balance, surplus, $156,143.— V. 75, p. 1398.
Aurora Elgin & Chicago RR. Proposed Bond Issue
Chicago advices state that the directors have decided to call
a meeting of the shareholders, to be held in about 60 days,
to authorize an issue of $25,000,000 of 5% bonds, of which
$5,050,000 shall be issuable only upon retirement of a like
amount of underlying bonds (Compare V. 82, p. 279),
and the remainder will be available for possible extensions,
additions, &c., in the future.
Directors.
The directors are as follows:
President, L. J. Wolf; Vice-President, D. J. Peffers; Secretary and
Treasurer, H. C. Lang; F. Eyers, J. S. Hopkins, Harry Greenebaum
and E.G. Faher. V. 82, p. 691, 279.
—
—
—
—
—
Baltimore & Ohio RR. Purchase.— The Board of Public
Works of Maryland has accepted the offer of $2,500,000
made through the Maryland Trust Co. for the $550,000 stock
held by the State of Maryland in the Washington Branch
RR. The total stock of the road is $1 ,650,000, of which the
B. & O. already owned $1,074,800, only $25,200 being held
by individuals. (See V. 82, p. 336.)— V. 82, p. 333, 160.
Bay Shore Terminal
Co., Norfolk, "V&.—Sale Ordered.—
Judge Waddill in the XTnited States Court at Norfolk, Va.,
on March 17 ordered the foreclosure sale of this property, the
upset price to be $300,000, which will cover the $210,000
receiver's certificates and about $90,000 receiver's current
obhgations and mechanics' liens.
Edward B. Smith & Co.
of Philadelphia are understood to represent the holders of
most of the bonds.— V. 81, p. 974.
—
—
Bituminous Coal Roads. Labor Situation. The negotiations at Indianapolis between the United Mine Workers
of America and the coal operators, looking to a new agreement to replace that expiring to-day, resulted on Thursday,
for the bituminous interests, in a break among the operators
as to whether the demand of the men for the restoration of
[Vol. lxxxil
wage scale of 1903 (which means, it is said, an increase
5.50%) should be granted. Coal operators of Illinois,
Indiana, Ohio and Western Pennsylvania, representing, they
the
of
claimed, at least 80% of the tonnage in the territory involved, decided, and .so announced, that they are unable to
pay any advance in wages at this time.
F. L. Robbins, President of the Pittsburgh Coal Co.,
which has a contract with the Steel Corporation to supply
some millions of tons of coal annually (V. 81, p. 557; V. 80,
p. 1427), and other operators representing, it is said, about
one-third of the coal production of Western Penn.sylvania,
Ohio, Indiana and Illinois, offered to pay the advance, and
urged the miners to accept this offer, and continue work in
their mines even though the other mines in the four States
should be idle.
The result is uncertain. Compare "Anthracite Coal Roads" above.— V. 78, p. 1167, 1108.
Brooklyn & Rockaway Beach RR. Notice to Bondholders.
The reorganization committee notifies the holders of the
6% consolidated mortgage bonds due May 1 1931 that
no deposits of bonds will be received after March 31 1906,
except upon such terms as the committee may prescribe.
The People's Trust Co., Brooklyn, is the depositary. Compare V. 81, p. 1664, 1609.
Sale of Equipment Trusts for
Central of Georgia Ry.
New Steamer. This company has sold to the Citizens' &
—
—
—
—
5%
Southern Bank of Savannah $350,000 of
equipment
trust obligations of the Ocean Steamship Co. issued to cover
66 2-3% of the cost of the new vessel which is now under
The bonds, which are being
construction at Chester, Pa.
placed by the bank will mature in ten yearly instalments of
Trustee, Savannah Bank.— V. 82, p. 691,
$35,000 each.
217.
.
,
—
—
Chesapeake & Ohio Ry. Larger Dividends Urged. Dick
Bros. & Co. have issued a circular in which they maintain
that in view of the earning capacity of the company the current dividend rate of 1% is "not a reasonable or a just return." Scott & Stringfellow Richmond, have compiled a
circular regarding the company's finances, which is cited in
support of this contention. V. 82, p. 451.
,
—
—
—
Chicago Cincinnati & Louisville RR. Suit. See Pere
Marquette RR. below.— V. 82, p. 217.
Chicago & Eastern IlUnois RR. New Equipment Trust.—
This company has made a new issue of $4,400,000 i}^%
equipment tru.st bonds of $1,000 each, maturing $220,000
semi-annually from Aug. 1 1906 to Feb. 1 1916, both inThese bonds are secured by
clusive; interest semi-annual.
an agreement between the company and Blair & Co., as
vendors, and the Bankers' Trust Co. as trustee, covering the
following equipment, upon which a cash payment of $508,430
has been made, viz.:
—
58 consolidation locomotives.
31 switching, &c., locomotives.
3 dining cars.
451, 48.
— V. 82, p.
1,250 Otis cars. 50 tons each.
2,000 flat-bottom cars, 50 tons.
25 caboose ears.
|
|
|
—
—
R. H.
Chicago & North Western Ry. New Treasurer.
Williams has been elected Treasurer and Assistant Secretary
to succeed the late S. O. Howe.— V. 82, p. 452, 279.
—
Chicago Rock Island & Pacific Ry. Offering of Elevator
Bonds.
Mason Lewis & Co., Boston, Philadelphia and
Chicago, are offering at a price to net about 5% the unsold
portion of $950,000 Chicago & Rock Island Elevator Co.
first mortgage 5% bonds, an "assumed obligation" of the
The real estate, docks and elevators in
C. R. I. & P. Ry.
Chicago covered by these bonds are valued at $1,394,377.
The bonds mature $50,000 annually on Oct. 1 from 1906 to
1924, both inclusive, but are subject to call at par and
(Compare V. 79, p. 2590.)
interest on any interest day.
Purpose of Recently Listed Bond Issue. The $11,784,000
"first and refunding" 4% bonds recentlj' listed on the New
York Stock Exchange were issued for the following pur-
—
—
poses:
For Retirement of Maturing Bonds
Burlington Cedar Rapids & Northern 5^ bonds due June 1 '06 -$6,500,000
70,000
Choctaw Oklahoma & Gulf equip. 5% notes due Mch. 1 1906.220,000
Choctaw Oklahoma & Gulf equip. 434% notes due Mch. 1 1906
C. R. I. & P. Ry. col. tr. 4% bonds of 1902, due May 1 1906.. 1,494,000
Other Purposes
3,500,000
Various additions and improvements
This makes $55,592,000 of the refunding bonds issued, of
which $11,250,000 is deposited to secure the $7,500,000
three-year notes due July 1 1907 and the remaining $44,342,000 is listed.— V. 82, p. 568, 509.
—
—
&
tains
—
Western Indiana RR. Elevation of Company's
The "Railway Age" of March 23 conan illustrated article regarding this work, which in-
Chicago
Tracks in Chicago.
—
volved during the sea.son of 1905 the elevation, of 42 J^ miles
of single
track.— V. 82,
Cincinnati Hamilton
p. 452.
&
Dayton Ry.
—Coupon PaytnerUs. —
Receiver Judson Harmon announces that the coupon due
April 1 1906 upon the following issues of bonds will be paid
upon presentation at the office of J. P. Morgan & Co., 23
Wall St., New York:
—
Cincinnati Hamilton & Dayton Railway Co.
Cincinnati Dayton & Chicago 1st mortgage 4% bonds.
Equipment 4}4% notes of April 1 1905.
Pere Marquette Railroad Co.
Flint & Pere Marquette 1st mortgage 6 and 4% bonds.
Flint & Pere Marquette, Port Huron Division, 5% bonds.
—
—
See Pere Marquette
Suit, &c.
568, 563, 509.
RR.
below.
— V.
82, p.
—
A
Mar. 31
THE CHRONICLE.
1906.]
Louis Ry .—Purchase
Michigan Southern
of Stock.— See report of Lake Shore &
Ry. under annual reports on a preceding page.— V. 82,
Cleveland Cincinnati Chicago
p. 158.
&
St.
—
Indiana
751
Illinois
& Iowa RR. —Purchase
Interborough-Metropolitan Co.
—
Delaware & Hudson Co. Authorization to List. The New
York Stock Exchange has authorized the hsting on or be-
of
Stock.
— See
report of Lake Shore & Michigan Southern Ry. under
nual Reports" on a preceding page.— V. 82, p. 627.
— The
— Interest
"An-
on Deposit Re-
Morton Trust Co. certificates of
deposit for Interborough Rapid Transit stock may collect
fore April 1 1907, as issued, of $5,000,000 additional capital the 2% dividend recently declared on that stock by prestock (making the total amount listed $45,940,000), which senting the certificates of deposit at the trust company on
right of the holder
held in the treasury subject to the
is
ceipts.
holders
of
or after April 2.
—
New Securities about June 1. The engraved bonds and
any new first mortgage 3H% bond of $1,000 of the
Albany & Susquehanna RR. to convert the same, from voting trust certificates for the common and preferred stocks
Aoril 1 1906 to April 1 1916, into $500 of such increased are expected to be ready for delivery about June 1.
Tunnel to Long Island City. See New York & Long
See V. 80, p. 2343, 1362, 1174; V. 82, p. 687.
stock.
Island RR. below.— V. 82, p. 692, 627.
Connection
and
Ry.
Winnipeg
&
Lake
Rainy
Duluth
As already anContract ivith Canadian Northern Ry.
Kentucky & Ohio River Interurban Ry., Paducah, Ky.
nounced, financial arrangements have been perfected for the Mortgage. A first mortgage has been filed to the Trust
extension of this road to a connection with the tracks of Company of America, New York, trustee, to secure $1,000,the Canadian Northern Ry. at or near International Falls, 000 of 5% gold bonds, dated Sept. 1 1905 and due 1945,
on the Canadian boundary, increasing the length of the road but subject to call prior to maturity at 105. Capital stock
from 28 miles as at present to 100 miles, and making it a authorized, $250,000; par of shares, $100. President, C. F.
part of a new route from the Canadian Northwest through Crump, Columbus, Ind.; Treas., G. O.Ingram, Paducah,
Winnipeg to the head of the Great Lakes at Duluth, a Ky. J. J. Freundlich, 55 Liberty St., N. Y., (care Reiley),
route "shorter than any now existing by nearly 80 miles." says: "A small amount of work has been done out of PaThe company, we understand, has entered into a long-term ducah, stopped on account snow and rain; shall commence
contract with the Canadian Northern for interchange of about April 1st."
traffic, and has close traffic arrangements with the Duluth
Lakeside & Marblehead RR. Called Bonds. Three
Missabe & Northern Ry. and the Duluth & Iron Range RR.
6% gold bonds dated April 1 1892 and
The enterprise is controlled by the Virginia & Rainy Lake ($3,000) first mortgage
1
1922, viz., Nos. 43, 81 and 119, have been
April
due'
lands
and
pine
holders
of
largest
the
of
one
Duluth,
Co. of
at par and interest at the International
manufacturers of lumber in the territory tributary to the called for payment
Boston, on April 2 1906.
Milk
St.,
45
Co.,
Trust
interest
their
The bonds of the new road will have
line.
Capital stock at last accounts, $150,000; first mortgage 6s, about
guaranteed by the last-named company which has a paid-up
The road extends from Danbury to Marblehead, O., 7 miles.
$100 000
capital of $2,500,000 and assets said to be worth twice that
$117,756; net, $63,952; charges,
gross earnings,
of
—
—
—
—
—
—
—
,
amount.— V.
81, p. 1848, 1791.
&
—
—
Suburban Co. Consolidation Plan.
East St. Louis
circular issued by Francis Bros. & Co. of St. Louis and E. W.
Clark & Co. of Philadelphia calls for the deposit at their
banking houses on or before April 10 of the stock of this
company and the Alton Granite & St. Louis Traction Co.
under a plan of consolidation which in substance provides:
A new holding company shall be incorporated under the
laws of New Jersey, or some other State, with $14,000,000
of authorized capital stock, in shares of $100 each, as
follows:
Common
stock
- - - -
„>-„
A«^*^'°°^'°*^°
$5,250,000
Of which for East St. Louis & Sub. stock
100,000
For A. G. & St. L. Traction pref. stock
1,290,000
For A. G. & St. L. Traction common stock
360,000
To be sold as below stated
$7,000,000
Preferred stock, 5% cumulative from May 1 1906
85,000,000
stock
Of which for East St. Louis & Sub.
500,000
stock
pref.
Traction
L.
&
St.
A.
G.
For
1,075,000
For A. G. & St. L. common stock
425,000
To be sold as below stated
Terms of Exchange.
Amount.
Each $100 of existing—
East St. Louis & Sub. stock
A
G.
&
A. G. &
St. L. preferred stock
St. L. common stock
$5,000,000
500,000
2,150,000
Will be exchanged for
New com.
pref.
New
8105
20
60
$100
100
50
Clark & Co. will purchase the aforesaid $425,000
new preferred and $360,000 new common, paying therefor
$425,000 cash, which will go into the treasury of the new
company. The bonded debt of the consolidated corporation, consisting of the bonds at present outstanding upon the
constituent properties (see our "Street Railway" section,
pages 6 and 36) amounts to about $9,000,000. E. W.
Clark & Co., will manage the consolidated system.
E.
W.
For year 1904-05,
$9,003; balance, surplus, $54,949.
—
Lincoln (Neb.) Traction Co.— Dividend Increased. The dihave declared a semi-annual dividend of 3% on the
common stock, payable April 16 to holders of record Apr. 10.
This increases the annual rate to 6%, contrasting with 5%
in 1903 when distributions on this stock were begun, to 1905,
inclusive.— V .77, p. 2280.
rectors
—
—
Los Angeles Pacific Co. Sale of Bonds. The shareholders on March 7 authorized the making of an issue of $12,500,000 of 40-year 5% .sinking fund general mortgage gold bonds,
secured by deed of trust to the Union Trust Co. of San Francisco, as trustee. The present issue, of $1 ,000,000, was placed
by Sutro Bros. & Co., New York, and Sutro & Co., San Francisco, at lOOK) and was over-subscribed.
Harriman Control. It is generally believed that E. H.
Harriman, or the Southern Pacific interests, with which he
indeed,
is identified, have acquired control of the company;
Epes Randolph, as Mr. Harriman's representative, is sftid
to have voted 76,500 shares, or a controlling amount, of the
—
stock at the aforementioned meeting of shareholders. Efforts to confirm the reports, however, have been unavailing.
—V.
82, p. 161, 100.
Louisville
&
Nashville
New York,
RR.
—Called
Bonds.
—The
Union
will pay at par on Sept. 1 next
of 1877, drawn for the sinking
$65,000
fund.
Cecilia branch bonds
General mortgage bonds to the amount of $383,000, drawn
for the sinking fund, will be paid on June 1 1906 at the office
The numbers of the
of the company. No. 71 Broadway.
bonds are given in an advertisement on another page.
V. 82, p. 392, 334.
Trust Co.,
—
—
Millen & Southwestern RR. Sold Proposed New System.
This road has been sold to a syndicate, organized, it is
understood, by John Skelton WiUiams of Richmond and
J. Wm. Middendorf of Baltimore, for the purpose of estabThe syndicate has incorporated
lishing a new railroad system
the Georgia & Florida Construction Co., and is said to have
acquired six railroads in Georgia having a total length of
227 miles, chiefly for use, in connection with new mileage in
ExStock
York
New
The
Listed.—
Georgia Midland Ry.—
forming a line from Augusta to Valdosta, Ga. (a distance of
of
bonds
change has listed $1,650,000 first mortgage 3%
about 225 miles), and thence possibly to the Gulf of Mexico.
See report ;of Southern Ry., V. 61, p. 361.
1946.
to earnings, the circular says:
The earnings of the two systems in the calendar year 1905, operated
separately and with only partial earnings from the interurban line between Alton and East St. Louis, which is not yet entirely completed,
were more than sufficient to nay the entire fixed charges and dividends
on the preferred stock which it is proposed to issue in the consolidation.
substantial
It is estimated that in 1906 the combined system will earn a
surplus over all fixed charges and the regular quarterly dividends on the
preferred stock.— V. 82, p. 392.
As
—
.
,
&
—
—
Rentals.
Interest,
Indiana RR. Report. The report for
shows for the entire system:
1905
year
calendar
the
Grand Rapids
Year
1905
—
Gross.
Net.
ifcr.
Bal.
sur.
$158,588
$540,251
$172,475
$871,314
84,484,193
179,977
441,882
124,367
746,226
1904'/--'--- 4,149,728
The amount reaUzed in settlement of old accounts'in 1905 was $31,508,
dividend
(3%) on
making the total available balance $190,096; deduct
stock (same amount as the previous y?ar), $173,730; balance added to
profit and loss, $16,:i66.— V. 80, p. 1420.
—
&
Texas Central "KB..— Called Bonds. First
mortgage bonds of 1890 aggregating $350,000 have been
drawn by lot and will be redeemed at 110 and interest on presentation at the company's office in the Equitable Building,
Houston
this city, interest ceasing May 28, 1906.
of to-day's "Chronicle."
on another page
Hudson Valley
See advertisement
— V. 81,
Ry. — Reorganization — New
p. 1848.
Stoclc.
—This
in process of reorganization without foreclosure, per i)lan in V. 82, p. 49, lOO, has filed a certificate
of increase of capital stock from $3,000,000 to $5,500,000,
in order to make provision for the conversion feature of the
company, being
$2,500,000 new second income "B" debentures, which
after two years are exchangeable, dollar for dollar, for 5%
non-cumulative preferred stock, at option of holder. V. 82,
—
p. 627, 100.
The "Manufacturers' Record"
of
Baltimore on March 23
said:
The syndicate has thus
far purchased:
Augusta & Florida Ry., 30
miles, Keysville to Midville; Midville Swainsboro & Red Bluff Ry., 20
miles Midville to Swainsboro; Millen & Southwestern RR., 53 miles,
Millen via Stillmore to VidaUa, with branch 4 miles; Ocilla & Valdosta
RR., 55 miles, Hazlehurst via Broxton and Ocilla to IrwinviUe; Douglas,
Augusta & Gulf Rv., 57 miles. Barrows Bluff via Broxton, Douglas and
Pinebloom to Nashville; and Nashville & Sparks RR., 12 miles, Nashville
to Sparks.
^
»
-.r
j
»
To make the proposed continuous railroad from .\ugusta to Valdosta
miles of new conit will be necessary to build links aggregating 80 or 90
,
i
The proposed extension from Valdosta southward is not yet
upon. The object is to reach the C^.iilf of Mexico, and
by building to Tallahassee to connect with the Georgia
Florida & Alabama" Ry., which reaches the port of Carrabelle, or a direct
line south might l)e cliosen.
^
ts
The Construction Company has the following directors: Douglas H.
Gordon of Baltimoie, I'losideut. and n>pre.sentiiiK the International
struction
definitely decided
this may be done
,
wliicli is a nienil)or ot the sywhcate; E. L. Bemi.ss,
Vice-President, and F. E. Nolling, Treasurer, both of Richmond; \. H.
Rutherfoord of Baltimore, Secretary; Albert H. (^arroU of Baltimore,
T,ewisC. Williams anil L. M. Williams, both of Richmond.— V. .SO, p. 1424.
Trust Co. of Baltimore,
—
—
National RR. of Mexico. Purchase. The Hidalgo &
Northeastern, a narrow-gauge road of about 100 miles,
has been acquired at a cost of about $6,200,000, Mexican,
equivalent to about $3,000,000 gold. Speyer & Co. will
V. 81, p. 1849.
finance the purchase for the Nati(uial.
—
t!!E CttROKiOLt.
762
New
Jersey
&
Pennsylvailia
RR.
of the rcfcivor of this compaiiv
C\.ini)arc V. 82, p. (592, 510.
iK
lieceirer.
— The
name Gas &
Electric Co., th'6 Califorhia G^s & Electyic Corporation and .several smaller companies, annovrtices the foUowiiig
directors and officers:
Directors
N. W. Halsev, New York, Chairman; E. J. de Sabla Jr..
John Martin, Frank G. Drum, Wm. H. Oror-ker (Pre'^dent of the CrookerWoolworth National Kanki, N. D. Jlideout (Pre.sident of .Mercantile
Trust Co. J, Frank B. Anderson (Vice-President Bank of California),
Jo.seph S. Tobin (Hihernia Savings ct Loan Society), John A. Brittoh,
Henry E. Bothin, Louis F. Monteagle, Garrett W. .McEnerney, Cyrris
Peine and (.'arl Taylor, all tyf San Francisco, and F. W. M. Cutcneon <if
Nnv York
John A. Britton is President; Frank G. Drum, Vice-President; Cyril.s
Pitnoy.
Frcdoriok V.
New Orleans Great Northern RR. Trnckaqe Agreefnent. —
A tivc-yoar tiackag'e agiconuTit has been ,si^;nod with the
New Orleans & Northeastern, giving the New Orleans (ireat
Northern the use of the
N..
O.
&
N. E. traeks
—
Slidell
frorrt
and over the Lake Ponehartrain trestle to the outskirts of
New Orleans. See map in "Railway and Industrial" section.
It is denied that the road will be acquired by Southern RailwajMnteresls.
— V.
W. Conlisk, Secretary.
The new company and its constitiienl ptopertfes operate
Peirce, Trea.s'urer; C.
81, p. 841.
Eleventh Avenue
Ctentral & Hudson River RR.
Governor Higgiiis at Albany on March 26
Signed.
signed the Saxc bill, calling for the removal of the tracks
from 11th Av., New York City.
The new law iarOvides that the tracks irray run through a sub<\-ay, or
give.s the city of New York the riglit to condenin and take over, on payment of adequate coinpen.sation, tlie risrht.s Which the railroad company
now enjov.s oh the surface of the street. The company's counsel coii-
New York
Bill
[Vol. LXX^ii.
25 counties
tends that the rifjhts and properties are worth .?1 00,000,000. It is condoubtful if a subway could be built so close to tidewater for any
rea.wnable sum.
Extended articles
Electrijicatidn of New York Terrhinals.
regarding this work will be found in the "Ra,ilway Age" of
Jan. 26 1906 and the "Engineering News" of Nov. 16 19'05.
.sidered
—
Pennsylvania RR. Listed. The New York Stock Exchange has authorized the listing prior to Oct. 1 1906 of
$2,980,000 additional capital .stock, on notice that it has
been issued in exchange for preferred stock of the Allegheny
Valley Ry., making the total amount listed $.305,933,300.
The 'company now owns .$9,664,1.50 of the $10,-544,200 common and $11,876,650 of the $17, 173, .300 preferred .stock of
the Al. Yal. Ry., and the aforesaid authorization to list
covers the stock necessary to acquire on the terms heretofore
announced the remaining $5,296,750 preferred
(see
—
Compamj Wins.
Judge Blanchard has made permanent the injunction restraihing the city from interfering with the con.struction of
the tunnel, but it is expected that the city will appeal to the
Appellate Division. The company, it is stated, is pushing
construction day and night at several different points, and
it is thought will complete the tunnel in the fall of 1907,
affording the Interborough-Metropolitan Co. direct connection with Queens County and the allied New York &
Queens County Ry. and New York & Long Island Traction
Co.— v. 82, p. 392,335.
V. 82, p. 629).
—
Guaranteed Bonds. See Ohio Connecting Ry. above and
Pittsburgh Cincinnati Chicago & St. Louis below.
V. 72,
—
New York New Haven &
in
—
—
—V. 82, p. 693, 335.
New York & Long Island (Tunnel) RR.
in
the central part Of California, supplying ^as
and electricity in some 30 cities and towns, including Ban
Francisco, Oakland, Kan JOse, Sacramento aivd Fresno, and
power to the principal street railway sj'stems iii its territory,
including the United Railroads of San Francisco, with which
it has a 15-year contract.
"The company has about 70,000
hydraulic horse-power fully developed, about 30,000 more in
proces-s of development, and a much larger capacity capable
of easy development at a minimum of expense."
Office,
after April 1, in Shreve Building, San Francisco.
V. 82,«p.
569, 219.
—
—
p. 629, 569.
Hartford RR. New Stck.
Notice has been given to the N.Y. Stock Exchange of the increase of the capital stock from $80,221,806 to $89,286,300.
President Mellen issued a statement saying:
—
Pere Marquette RR. Netv Freight Equipment. Receiver
Judson Harmon was recentlj'^ authorized by the court to purchase 2,000 box cars (but no coal cars), and has contracted
for them with the Pullman Co. The nominal price is $910 per
car, but the economy to be made by the receiver's furnishiiig
certain appliances reduces the cOst to $885 per car.
Payment is to be made in equal monthly payments extending
Over seven years from delivery, with interest at 5%.
Suit to Cdncel Mortgage.
An action was recenth' begun by
the Pere Marquette against Wm. A. Bradford Jr., Rudolph
Kleybolte and others to cancel the inortgage securing the
issue of $3,500,000 of collateral trust bonds .secured by Chi-
The capital stock has been authorized to be increased for several reasons to redeem the debentures ($30,000,000, convertible at 150)
issued on Jan. I 1906 and to pay for securities of leased lines absorbed
and for others in process of absorption, but for no other purposes. The
amount of all the increases will agsreg:ate about S40,000,000, but the
stock will not be issued until the secuiities it represents are taken up.
(Compare V. 81, p. 1315; V. 82, p. 101, 281.)
—
—
Westchester & Boston (Electric) Ry.—New
Oakleigh Thorne, Frederick Bull and Marsden
Directors.
Work on the road
J. Perry have been elected to the board.
is progressing rapidly within the liinits of the Bronx and in
Mount Vernon, and bids are being received by the constrtiction company for the main pow'er house arid ele'ctrife equipment. Compare V. 82, p. 392.
Plans,
Nbrfblk (Va.) kailway & Light Co .—Enlargement.
it is understood, are under consideration for the enlargement
New York
—
cago Cincinnati
&
Loui.sville stock, it
being alleged that the
bonds were issued by fraud. Judge H. H. LurtOn, in the
United States Circuit Court at Nashville, Tenn., On March
19 and 20, heard arguments on ail application for a preliminary injunction to prevent the defendants from transferring
the bonds held by thein and enjoining the action broiight to
the pa'st-dtie coupons. (Compare V. 82, p. 219.) Tire
of this company, or for its control by a new corporation. collect
President R. Lancaster Williams is quoted as saying that points raised in the bill of the complainants, affidavits of both
$2,000,000 new stock will be issued to provide for the building sides and answers of the d'efendanti? al-e giyeii at cphsidei^able
of a power house to cost $1,000,000 and to buy rolling length in the Nashville papers oJF, ^tarfch 19 to 21 inclusive.
stock in order to handle the passenger traffic during the iPresident Bradford of the C. C. & L. Ill his answer mak'es
Jamestown Exposition. The additional money, it is said, the allegations of conversion and mal-adihinistration
will come from new interests, who will join with the Williams- that Were otitlined in the "Chroriicle" of Jan. 13 1906 (see
Middendorf interests in controlling the enterprise. It C. C. & L. RR., p. 99), claiming, for instance, that the C. H.
seeins probable, also, that the property of the Bay Shore & D. obligated the road for a floating debt of $2OO,O0O wilh
Terminal Co. will be taken over (see that company above). nothing to show for it and charges repudiation of contract.
A meeting of the Railway & Light shareholders will V. 82, p. 564,510'.
Coupon Payments .—^&eB Cihteinhati Hainilton & Dayton
be held April 19 "to consider ahd act upon a proposition to
V. 81, Ry. above.- V. 82, p. 564, 5id.
lea.se the prbpdrty and fi-anchisfes of the 'comf)aiiy."
—
—
—
p. 508.
Philippine Railwav.
tAcorportited.
This company, ihcorporated in Connecticut on March 6 19136, with $5,000,000
Of authorized capital stock, will own the 300 miles of nlilrbad
to be constructed in the Philippini?s uiider contracts refei^red
to ill oUr issue of Jail. 27, p. 219. T'he company will issue
its 30-year 4% bonds to provide for the cbhstructmn wHicli,
Interest oH ihe
it is estimated, will cost about $10,000,000.
bonds will be guaranteed, by th^ Philippine GoA-ermnent; A
Norfolk & SOuthet-n tlR.— Oy)h'it)ti—Fosstfeffe Merger.— See
Vilgihia-CaroHna Coast RR. belOw.— V. 82, p. 158.
Ohio Connecting Ry. Listed. The New York Stock
Exchange has hsted $2,000,000 first mortgage 4% sinking
fund bonds of 1943, guaranteed p. and i. by the Penn. RR.
(see guaranty, V. 81, p. 669.)— V. 82, p. 281.
Oklahoma Central Ry. Official Statement. President
Dorset Carter, Lehigh, I. T., favors us with the following:
This companv was incorporated in Oklahoma Territory in Sept. 1904
Western lly., but the name Has recently been
as the Canadian Valley
changed by amendment of charier, as above. A first mortgage has been
made to the Western Trust & Savings Barik of Chicago, to secure a total
—
;
—
syndicate, managfed by Wm. Salomon <fe Co., New York,
have provided the funds for the project. The Philippine
Railway Construction Co., a New Jersey coi'poration \Vith
Capital of $1,000,000, has made a Contract with J. G. White
& Co. to build th(3 road. The Capital gtotk of the railway
company will presently be changed. V. fe2, p. 2i9.
,
<fe
W
&
—
5%
gold bonds of $1,0(50 each, dated Dec.
and
1 1&05 and due in 1945, but subject to call at par tintil Dt-c. 1 1906
thereafter at 105; interest payable at the otlice of the trustee and at the
An
Office of the United States Mortgage <fe Trust Cb. in New York.
amount of about .?2, 640. 000 bolids is to be issued forthwith in payinent of
now under construction as and when completed in the
a line of railwav
'
The line, 131 .99 miles in length, nms from the coal mines
course of 1906.
in Lehigh, State of Oklahoma, via Ada, Ryars ahd Piucell to Chickasha,
It will he built with 70-lb. steel rails, 3.000 ties to the mile: stone
Okla.
euherts and steel l)ndges have, wherever practicable, a width of 100 feet;
maximtim grade, 6 tetiths of 1 7r
The CanadianValley Cbh.«itruction Co., which began work last autumn,
has agreed to build an'd equip the line, including .seven steel girder bridges,
for ?20,00() per mile, payable in the afoiesaid bonds, taken at par, and
The ailthorij^ed
these bonds have been taken over by a syndicate.
amount of cajjital stock is .$10,000,000, of which issued, of to lie issued,
stock
1910 will be in a
The
until
aliout
.12,640,000.
of
1906,
course
in the
voting trust conii)osed of the directors. Oflicers, Dorset Carter, PresiS. F. Van Oss,
WoUenberger,
H.
dent- directors, .1. S. Keefe, Jos. E. Otis,
Treasurer
G. Walling, W. H. Johnson, O. M. Rowntree, M. L. Brittain. General Attorney J. F. Sharp.— V. 82, p. 393.
issue of $10,000,000 4t)-vear
—
Electric do.
Officers, (fee.— This cdmjjfthy,
Pacific Gas
recently organized as a consolidation of the San Francisco
Pittsburgh Cincinnati dhicagd & St. tbliis Ry. Listed.^—
The NtW Yxnk Stock Fxchange has 'listed $1.000 ,000 additional con.sdl. mtge. gutirantetd 4% bonds. Serifs F of 1958,
inakin^ the total listvd $10,000,000.
These boiids t\*ei-e
issued on account of bLtt( rmciltS and additions inade dlil^ihg
1909, aggregating $2,301,667, vii:.:
$59i ,b93|Ti-ack felevatlbn. tHicafeo. 1148,623
169,194 Real estate, Chicago
100,000
129.673 Locomotives and cars
1,163,084
Issuance of $47,283,000 Cnnsol Mtge. Bonds and Reliremeiit of
$2,284,000 from 1890 to Dec. 31 1905.
.?
Provided in part h\i'—
Capital E.rpenditiires
$
retired.
.28, 093 ,500 Sale of preferred stock.. 4,750,000
Sectional bonds
Liabilities of coustit. cos. 6,620,000|Cons. mtge. bonds issued 47,283,000
Of which retired by s. f.
Stks. & bds. of allied cos. 2,737,867
to Dec. 31 ISlOS
2,284,000
Construction, etiuip., &e. 17, 697,312)
Second track
Third track,
Arc
1
Hickory Branch,--
1
.
—
'
1
I
1
'
Total
—V.
82, p. 335.
-55,148,6791
Tot .cons .M .bds .outs'g 44 ,999 ,000
.
.
MAft. 31 190B.
Youftrstown
Pittsburgh
&
Ashtabula
THE CHRONICLE.
753
RR. — N^o New therefore based merely on what the properties are now do-
Prese?i<.— Regarding the $15,000,000 bond issue
authorized in connection withithe recent consolidation, an
official of the com}>any is quoted as saying: "There is no intention to issue the bonds, either now or at any time now in
It may be necessary many years from now to do so,
sight.
but that time is certainly far distant." Repeated efforts to
secure official revision of the item published last week were
unavailing.— V. 82, p. 693, 101.
Bonds
at
—
& Terminal Go. Bond Offering.
Brothers & Co., Springfield, Mass., recently, when offering at 104 and interest a block of the
first mortgage 5% gold bonds, dated Aug. 1 1905, and due
Aug. 1 1955 (authorized $500,000; outstanding, $350,000,
guaranteed, principal and interest, Feb. and Aug., by the
St. Louis Southwestern Ry.) said:
(La.) Bridge
—Shreveport
Status. — Moody
bridge now being erected across the Red Rivet'
at Shreveport. La., giving tlie St. Louis Southwestern Ry. direct connection with
etc., in the city of Shreveport; and on
its terminals, freight -houses, warehouses
the approaches on both sides of the bridge. The bridge is of modern design and
The St. Louis Southwestern Ry. Co., in consideration of
built for heaviest tratflc.
the valuable traflfic rights granted it, guarantees imciAdition-ally both the principal
and interest on these bonds. It has heretofore used the bridge owned by the V'icl<.sburg Shreveport & PacWc Ry. at Shreveport. and has paid in tolls each year more
than the interest on these bonds, and all other charges in connection with the
operation of the bridge. The St. Louis Southwestern Ry. Co. has direct connection
With the following lines at Shreveport, which will use this bridge: Texas & Pacific
Ry. Co., Vicksburg Shreveport <fe Pacific Ry. Co_j^ Louisiana Ry. & Navigjition Co..
Kansas City Southern Ry. Co. Houston East & west Texas Ry. Co.— V. 81, p. 014.
jlIJA first lien
Upon the new
Co. — Listed. — The
New York Stock ExSouthern Pacific
change has listed $7,253,000 two-five-year 4% collat; ral
Th- retrust bonds of 1910, Nos. 1,751 to 9,003 incl.
maining $22,747,000 have been authenticated by the trustee
and are a free asset in th? treasury. The authorized isi-u?
is for an aggregate print ipal not exceeding $30,000,000.
The collateral security is as stated in V. 80, p. 1857, except that
no stock of the Gal Houston & Northern or the N. Y. Texas &
(1)
Mex'caii is included; (2) tlie stock of the Southern Pacific RR. is $9,088,000, in place of S4, 000, 000; and (3) $.561,000 Te.xas & New Orleans
6s have replaced the .1617,000 of 5s and 6s of the Maricopa Phoenix &
Salt River system.— V. 81, p. 1720, 1728.
RR
&
Springfield South Charleston Washington Court House
Property .Tran.^femd.
The propdhillicothe Traction Co.
erty of this defunct corporation has been taken over by the
Washington Traction Co., Which see below. V. 82, p. 49.
—
—
—
—
&
Berwick RR. Bonds Offered.
T. W. Stephen.s & Co., New York and Chicago,
Status.
are offering at 102 and interest $100,000 first mortgage
5% 50-year gold bonds. Dated Oct. 1 1902; due Oct. 1
—
—
1952.
000.
Total authorized
i.^^suc,
$700,000; outstanding, $670,-
A
circular sa3^s:
on 46.67 miles of road at the rate of .S15,000 per mile, extending from Watsontown to Berwick, Pa.; a feeder of the Philadelphia
& Erie RR. The shops of the American Car & Foimdry Co. are locattd
at Berwick and a large portion of the tonnage is derived from this source.
Frederick H. Eaton, the President of the Amer can Car & Foundry Co.,
UR.
is al.so Vice-Pres. of the Susquehanna Bloomsburg & Berwick
For the half year ending Dec. 31 1905 the gross earnings were 894,91.");
For year
net, S41, 653; 'interest on bonds, $16,750; bal., sur., $24,903.
ending June 30 1905 gross earnings .$158,865. V. 75, p. 1303.
Toledo
Indiana (Electric) Ry. Sale of Bonds at Auction.
At auction in this citj^ last week, Adrian H. Muller & Son
bonds due
sold $287,000 of the first mortgage 25-year
Jan. 1 1928 (with coupons of July 1 1906 attached) at^60%
V. 82, p. 335.
of their face value.
A
first lien
—
&
—
—
5%
—
&
Light Co.— Coi.soHdation of all
(The) Tri-City Railway
the Stfeet Railway, Gas and Electric Light Companies of Darenport, la., and Rock Island, Moline and East Moline, III.
Co. and N. W. Halsey
Mackay
Co., both of this city,
announce by circular of March 24 that it is proposed to organize, with this title, under the laws of Connecticut, a company in which will be vested the ownership of substantially
all of the outstanding stocks and all except $464,000 of the
bonds of the following companies, and, as far as practicable,
the ownership in fee of all their properties and franchises,
these companies comprising all the ct)rporations engaged in
electric transportation and public lighting in the cities named:
—
&
&
People's Power Co. (gas and electric lighting, Moline, and Rock
Island).
(6) People's Light Co. (gas and electric lighting, Davenport).
(r) Davenport Gas & Electric Co. (gas and electric lighting, Davenport).
Railway Co. (electric transportatioh, Davenport, Rock
(rf) Tri-City
Island and Moline).
(e) Davenport Suburban Railway Co. (electric transportation, Daven•;
port and vicinity).
(/) Moline, East Moline and Watertown Railway Co. (electric tran.sportation, Moline to East Moline and Watertown).
Of the 34,080 outstanding .shares of the cajjital stocks of above companies, 33,5.30 -shares, or 98 4-10%, and in no case less than 96%, have
It is confidently expected that all of the stock
already been acquired.
Of a total of $2,913,000 l)on(ls outstanding, all but
will soon be secured.
$464,000 have been or will be acquired.
Capitalization of New Company.
"5% collateral trust first lien sinking fund gold bonds," dated
April 1 1906, due April 1 1923, but subject to redemption at
option of c()ni|)aiiv on any interest date at 105 and interest;
with a sinking fund sufficient to retire $2,250,000 of the
bonds by maturity; total authorized issue
$9,000,000
To be presently issued
$6,000,000
Reserved to refund at maturity S4B4,(a)
000
6%
bonds, due $33,000 annu-
ally, and balance in 1911
Re.served for arldilions and imp'ments_
Reserved for additions and imjirove-
ments
at
85%
of cost
_
.
_
$464,000
1
,500,000
1
,036,000
3,000,000
Comthon stock, total authorized, nil to be issued forthwith
9,000,000
Preferreti stock 6%, cumulative, total authorized
3,000,000
To be issued forthwith.
.^..
$2,600,000
Re.served
400 ,000
.
;.
—
ing, while the estimate for 1908 takes into account the ben'eTo these estimates of earnings the
fits of consolidation.
bankers have appended estimates of the annual interest
charges under the Reorganization
.\clual Results.
1904.
Earnings, S:c.
During 1900 and 1007 it is proposed to expend approximately $1 ,.')00,0()() in new construction, betterments, &c. The full benefit of these im])rovements is not,
however, anticipated until 1908. The estimate for 1900 is
do
do
do
do
Gas,
Railway,
Total gross earnings... $1,154, 763 $1,330,796
Operating expenses
719,678
798,111
Net earnings
Estimated bond interest .
Sinking fund payments . .
EUirrtated Reshtlts.
1906.
1908.
1905.
$350,341
2?1,771
748,684
$312,900
196,483
645,380
Electricity, gross earnings
$435,085
Balance for divs., &c-
$370,000
250,000
865,000
under new
—
8415,000
350,000
1,185,000
$1,485,000 $1,950,000
843,000
975,000
$532,685
$327,840
$642,000
$352,510
$975,000
8399 ,975
50,000
a.f204,845
$289,490
$525,025
a Surplus after deducting from last year's earnings a
steel
Susquehanna BloomsbUrg
.
full
year's intenest
i)lan.
Rates.
The municipal electric lighting in Davenport is being done trnder a contract which still lias 15 years to run, artfl in Rock Island and Mohne under contracts expiring in 1909. The rates for street arcs vary from
$56 to $75 per annum. The rates to private consumers vary from" 5 cts.
to 15 cts. per kilowatt. The gas rates vary from $1 to 81.12*^ per 1,000.
These rates, on the whole, are sufficiently low to render competition or hostile action on the part of the municipalities a remote contingency.
The franchises of the constituent companies have, in some
Franchises
cases, been construed as perpetual. Those limited in time extend, with
one relatively unimportant exception, to the full life of the bonds or be-
—
yond.
These
frant-lii.ses
have been carefuU.v examined as to their
From an operating
gality.
Messrs. J. G. White
&
le-
standpoint they are, in the optinion of
Co., free from
burdensome
restrictiortS.
The general management will be under the charg^e of
G. White & Co.— V. 82, p. 696.
Toledo Railway & Terminal Co. Notice to Bondholders.
J.
—
&
Bioren
—
Bankers, 322 Chestnut St., Philadelphia,
representing considerable investment interests in the first
mortgage 43^2% bonds, request the bondholders to send in
their addresses and amounts of holdings with a view to mutual protection.- V. 82, p. 220, 49.
Co.,
—
Tonopah & Tidewater RR. First Mortgage Debenture
The provisional certificates for 43^% guaranteed
Stock.
—
mortgage debenture stock were recently announced as
ready for issue in exchange for allotment letters and banker's
rec. ipts at the ofhces of W. A. Browne c^ Co., No. S29
Winchester Hou.sc, London, E. C.
V. 81, p. 1793.
Underground Electric Railways, London. Capital Increase.
The company' is arranging for power to increase its
borrowing powers by $25,000,000, but no immediate issue
of securities is contemplated.
It is expected to have the entire system in operation by the .spring of 1907.
See map in
''liailway & industrial" .section.— V. 82, p. 629, 511.
United Railways Investment Go. of San Francisco.
Payment of Accumulated Dividends .-^The directors on Thursday declared a dividend of 4 3^% on the preferred stock,
payable May 1 to holders of record April 13 in full payment
of all the accumulated dividends on the preferred stock to
Sept. 30 1905, at the rate of 5% per annum.
An official
statement says:
first
—
—
—
—
The dividend on the United Railroads of San FrancLsco preferi-ed stock
owned by the Investment Company accruing for the half-year ended
March 31 1906, together witli surplus funds now in the hands of the compan.v, will not alone enable the Investment Company to pay tlie regular
semi-annual dividend of 2H% on the preferred stock for the six months
from Sept. ,30 1905 to March 31 1906, but will leave a considerable surplus undisturbed, the application of which will be considered by the
directors at a later date.
This is understood to mean that a dividend on the common
stock is probable within the next six or eight months.
Income Account. For calendar yearsr
—
Div. Rec'd.
Total.
Dividends.
Year. (Vn.RRs.S.F.) E.rpenscs. on Prcf. .S/ocJ-.
1905
$780,000
^12,792
(4'^% )$675,000
1904
600,000
13,962
(3»4''e> 562,504
Cat.
Balance, P.(<-L.sur.
Dec. $1
Surptus.
872,208
8126,067
23,534
53,860
Cash on hand Dec. 31 1905, $406,897. Compare V. 82, p.
,336.— V. 82, p. 570, 511.
Virginia & Carolina Coast "KK. -Option-Consolidation Plan.
The interests which recently began the construction of this
new line from Norfolk to Beaufort (coinpare V. SO, p. 2346),
it is understood, have acquired an option on the properties
of the Norfolk & Southerti RR. and are contemplating a
merger of the enterprises. V. 82, p. 336.
—
—
— Pittsburgh
Wabash-tittsburgh Tferinihal Ry.
ments and Terminals. See ninc-jKige
"Railway Age" of March 23.— V. 82,
—
Wabash RR.
pany
lia.s
filed
—
Imphi've
illustrated article in
p. 570.
—
Increase of Capital Stock, etc.
This coma certificate (if increase of authorized capital
stock from $52,000,000 (of which $28,000,000 was cohimon) to $102,000,000, of which $78,000,000 is ceinmcn,
there having been no change in tlie $24,000,000 of 7% preferred.
Of the new common $10,000,000 was issued in 1904
to accjuire the Wabash-Pittsburgh Terniinal Ry.
Negotiations.
It is said that the negotiations between
the company's officials, the committee n pr* .scnting the
—
debenture "IV bonds and the bankers leieiking to the retire ment of said beinds and the floating of a lu w fixed interest
security are- jircgre ssing favorably.
Pittsburgh Tern.inals.
See- Wabash-Pittsburgh Terminal
Ry. abeive.— V. 82, p. 3.36, 220.
Washington Branch RR. Sale of State's Interest. See
Balfin)e)re' * Oliiei HU nbe)ve.— V. 82. p. 336; V. 75, p. 31.
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.
Washington Water Power
in Dividend
Rate
— This
Co., Spokane,
Wash.
— Increase
e'oini)any, whose> eli\i(lenel
rate in
THE CHRONICLE.
754
fToii. Lxsjai.
—
—
1903, 1904 and 1905 was 6% per annum, and which last
Colorado Industrial Co. Lifting. See Colorado Fuel &
January made a distribution of 1^% and 1% extra, has Iron Co. above.
V. 80, p. 2460, 1425.
declared a cjuartcrly dividend of l%%, payable April 2
Columbus & Hocking Coal & Iron Co. Authorized. The
to holders of record March 20.— V. 81, p. 1794.
shareholders yesterday foriiially approved the proposition to
West Jersey & Seashore RR. Suffscription Rights.
issue $.500,(J(J0 6% non-cumulative preferred stock and
Shareholders of record April 17 are entitled to subscribe at $1,000,000 of 6% .sinking fund 50-year gold coupon "colpar for about $3,000,000 new stock to an amount equal to lateral trust purcha.se money and mortgage bonds." See
55% of their respective holdings. Subscriptions are payable plan in V. 82, p. 511.
from April 25 to April 30, inclusive. This will increase the
Consolidated Cotton Duck Co. Guaranteed Debentures.
outstanding stock to about $9,634,000.— V. 82, p. 570, 393. The J. Sjx'ncer Turner Co., the selling agency which was
recently purchased (see V. 82, p. 336), has been reincorINDUSTRIAL, OAS AND MISCELLANEOUS.
porated under the laws of New York with $500,000 of authorAmalgamated Copper Co. Subsidiary Increases Dividend. ized capital .stock, and has arranged to make an i.ssue of
See Anaconda Copper Mining Co. below.
V. 82, p. 570, $2,000,000 of 6% 20-year gold debentures, to be dated
Feb. 1 1906, interest payable Aug. 1 and Feb. 1. These
393.
American Cereal Co.— Called Bonds.— The $1,600,000 bonds will be guaranteed, principal and interest, by the
The present issue is to be
first mortgage bonds of 1891 are called for payment at par Consolidated Cotton Duck Co.
and interest at the Northern Trust Co., Chicago, "on June 1 $1,500,000. The remaining $500,000 will remain in the
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American Ice Securities Co. Listed. The New York
Stock Exchange has listed $4,548,900 additional capital
stock ($4,548,200 issued in exchange for $3,399,800 pref.
and $5,742,000 common stock of American Ice Co.), making
the totalpistedjto date $18,835,200, with $1,164,800 more to
be added to the list from time to time before Oct. 1 1906,
Stock is issuable for the remaining
if and when issued.
stock of the American Ice Co. as follows:
Am Ice Co.
$707,500 pref
760,900 com
Exchangeable fen- American Ice Securities Co.
$707,500 (100%) new stock and 11)4% in cash.
152,180 (20%) new stock on payment of assess
.
ment
The
of 50c. per old share.
Company
has outstanding $2,700,510 debentures and holds $299,489 debentures in its treasury. See
V. 82, p. 50, 511.
American Radiator Co. New Director. At the recent
annual meeting Frank M. Peters of Chicago was elected a
director.— V. 82, p. 625, 571.
American Telephone & Telegraph Co. New Director.
Thomas B. Bailey has been elected a director to succeed
the late George L. Bradley. Charles P. Ware has succeeded
V. 82, p. 689, 694.
C. J. French as a Vice-President.
Anaconda Copper Mining Co. Dividend Increased. This
company, a majority of whose $30,000,000 stock is
owned by the Amalgamated Copper Co., has declared a
quarterly dividend of $1 123^ a share (par $25), payable
April 19 to holders of record April 7.
In January last a
dividend of 87^ centsjwas paid. Annual record:
Securities
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Calendar year
1898. 1899. 1900. 1901. 1902. 1903. 1904. 1905.
16
Tot. dividend (%)... 10
13
13
4
4
4
8
Dividends in 1905 were: May 18, 75 cents, and Oct. 19,
V. 81, p. 1851.
$1 25.
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Earnings.
Bell Telephone Co., Buffalo.
For the calendar year:
Gross.
Net.
Dividend.
Year
Bat., Sur.
81,400,263
$555,118
1905
(6%)$363,000
$192,118
1904
1,239,212
455,541
127,623
(6%) 327,918
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—V.
Compare report
treasur}' for future use.
See V. 82, p. 511.
1906.
82, p. 50.
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in
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V
.
82, p. 625.
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ConsoUdated Gas Co., New York City. Ap^peal. This
company and its subsidiary corporations affected by the
order of the State Gas and Electricity Commission reducing
the price of gas on Tuesday gave notice of appeal to the
Appellate Division, First Department.-^V. 82, p. 572, 512.
Com Products Refining Co. Listed. The New York
Stock Exchange has listed .'$27,240,800 7% cumulative preferred stock and $47,494,000 common stock, and has authorized the addition of $2,759,200 preferred and $2,506,000
additional common, if and when i.ssued, prior to Oct. 1 1906,
making the total amount listed $30,000,000 preferred stock
and $50,000,000 common stock.
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New Officers for Subsidiary. The new interests are now
in control of the old Corn Products Co., James A. MoflFett
(a director of the New York Glucose Co.) having been elected
President to succeed C. H. Matthiessen.
T. F. Fisher is now
Secretary and Treasurer.- V. 82, p. 337, 283.
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Diamond Match Co. New Stock. The shareholders will
vote May 1 to vote on increasing the capital stock from
$15,000,000 to $16,000,000 for the following purposes as
stated in the call for the meeting:
To provide funds for adding to the manufacturng facilities and for the
liquidation of a debt which was incurred in connection with the acquisiand erection of plants in California, in which the aggregate
investment is $1,592,851, or approximately 50% more than the amount
which will be realized from the sale of the proposed stock.
tion of lands
Stockholders of record May 5 will have the right to subon or before June 15 for the new stock at par, to the
extent of 6 2-3% of their respective holdings, subscriptions
to be paid between May 10 and June 15, both inclusive.
The new stock will be issued June 16, carrying all dividends
V. 82, p. 512.
declared after June 15.
Globe Soap Co., Cincinnati. Largely Over-Subscribed.
The block of first preferred stock ofifered by W. E. Hutton &
ComCo., we are informed, was five times over-subscribed.
pare V. 82, p. 695.
Greene Gold-Silver Co. New Stock. The shareholders at
a meeting held on March 26 increased the capital stock
from $15,000,000 to $25,000,000, $3,000,000 of said inV. 81, p. 1317.
crease to be 8% cumulative preferred stock.
International Mahogany. Co. Bonds Advertised but Not
Sold.— The sale of the $908,000 first mortgage 6% gold
bonds, due Oct. 1 1924, which were advertised to be sold at
auction last week, with coupon of April 1905 attached, was
postponed. See V. 81, p. 157.
Kanawha Water & Light Co., Charleston, W. Va. Sale.
The "Manufacturers' Record" says in .substance:
scribe
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New Stock. The St.
Bell Telephone Co. of Missouri.
Louis Stock Exchange has listed an additional $1,200,000
The American
stock, making the total listed $5,200,000.
Telephone & Telegraph Co. on Dec. 31 1905 owned 66.27%
V. 78, p. 2013.
of the outstanding shares.
Brown-Corliss Engine Co. of Corliss, Wis. Successor,
See Wisconsin Engine Co. V. 82, p. 702.— V. 81, p. 1495.
New Director. At the annual meetCelluloid Company.
ing on March 27 Henry Young Jr. was elected a director
The President
to succeed the late Robert F. Valentine.
W. E. Chilton of Charleston, W. Va., on behalf of himself and outside
reports that the orders for the late fiscal year exceeded the financial interests, has purchased the entire holdings of the Kanawha
Water & Light Co., viz.: the local water works, electric-hght plant,
V. 75, p. 1304.
capacity of the plant.
artificial gas plant, and the property, rights and leases of the Kanawha
Chicago & Rock Island Elevator Co. Bonds Offered. See Gas Co., a recently created organization which has brought in a number
fine gas wells in Roane County and laid pipes up to the city of CharlesChicago Rock Island & Pacific Ry. under "Railroads" of
ton.
The Kanawha Street Railway is owned by Senator W. C, Sproul
above.— V. 79, p. 2590.
Cbmpare
of Chester, Pa., the Chiltons and ex-Governor MacCorkle.
Colorado Fuel & Iron Co. Listed. The New York Stock V. 76, p. 922.
Corporation. Status Earnings. The
Lake Superior
Exchange has listed for the Colorado Industrial Co. $602,000
additional first mortgage and collateral trust guaranteed 5% "Philadelphia News Bureau" quotes a director as saying:
Our output of steel rails has been averaging 600 tons a day right
thirty-year convertible bonds of 1934, Series A, and has
through March and for the month it ought to be at least 16,500 tonSauthorized the listing prior to Oct. 1 1906 of $1,088,000
For the 6 months ended Jan. 31 the company earned $500,000 n6f
additional of said bonds from time to time, making the total and there seems every prospect that the estimate of over $1,090,000
In this event payment,
the current fiscal year will be realized.
These Series A bonds are issued in net forOctober
listed $14,068,000.
coupon on the income bonds is expected.
of the
exchange for the convertible debentures of the Colorado
The payment of the 82,000,000 Ontario Government loan May 1 1906
Fuel & Iron Co. ($14,068,000), only $1,088,000 of which is really an affair of the Canadian Improvement Co., though the Lake
Corporation subsidiary company's securities are collateral
Compare Superior
are not now held by the Industrial Company.
behind the Government loan and on these the Lake Superior Corporatioa
guaranty, etc., V. 80, p. 1481, 1726.
pays interest. The refunding of the loan with a Canadian bank will
For Colorado Fuel & Iron Co.
substantially leave the interest charge the same as before, so that by the
Earnings.
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Income Account for 8 Months ending February 28 1906.
$14,470,688 Bond interest
$706,822
Gross earnings
104,000
Oper. exp. & manage't 12,734,840 Taxes
Sinking fund, etc
74,174
$1,735,848 Loss on RR. contracts
68,759
Net earnings
285,472 Rentals (Col. Ind.prop.).. 640,807
Add Income from sec.
35,557 Lake Sup. ore (excess)
237,814
Interest and exchange
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Total net income.. $2,056,8771
Balance, surplus
Colorado Industrial Company for Same Period.
Interest and dividends Col. & Wy. RR., etc., under Colorado Fuel
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Co. traffic contracts
Interest on Colorado Fuel & Iron Co. convertible debentures
Total income from securities
interest ($1,261,175), general expenses, etc
Deduct bond
$224,501
&
Iron
$193,007
430,108
$623,175
1,263,982
BalanceT deficit, paldl by Colorado Fuel & Iron Co. as "rental of properties" imder lease, dated June 16 1905, guaranteeing as rental all cliarges
$640,807
in excess of income from otber sources (see preceding statement)
—V.
81, p. 1373,
1317.
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o|)pration tlie income of the Lake Superior Corporation is really unaffecHv the li(iuidatioii of the Canadian loan May 1 certain of the colted.
lateral thereunder, including the .securities of the two railroads, become
collateial to the 810,000,000 first mortgage and collateral trust 5s,
which are then a first lien on them. (V. 78. p. 1551, 1784, 1909: V. 77,
p. 771, 1296.)— V. S2, 1). 573.
Lanston Monotype Machine Co., Philadelphia.—First DivThe directors are expected to conidend Expected Shortly.
firm next week the action of the executive committee, which
has recommended the payment of a first (semi-annual) dividend of 2%, payable April 23 to stockholders of recorc^ April
See
The stock is $5,000,000, in shares of $20
9.
report in V. 80, p. 2619.— V. 81, p. 1103. .Lawyers' Mortgage Co., New York. Dividend Increase.
This companv has increased its quarterly dividend from
to 2%.— V. 82, p. 283, 221.
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.
Mae. 31
1906.]
Mammoth Mining
Co.,
THE CHRONICLE.
Utah. — Reincorporation. — The the new stock
shareholders will meet to-day in Salt Lake City to vote on
Sec. R. M. Wilkinson says:
reincorporating the company.
Our 25-,vear charter ran out last month; we are at present incorporated
under the'laws of Utah (having had our cliarter extended until w6 could
incorporate in another State, Nevada) at a capitalization of .SIO, 000,000,
In the new individed into 400,000 shares of a par value of ,$2.5 each.
corporation it is proposed to capitalize at $1 ,000,000, divided into 400,000
each."
of
50
value
S2
shares at a par
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Mexican Telegraph Co. New Stock as 50% Dividend.
The directors have authorized the officers to arrange for increasing the capital stock from $2,000,000 to $3,000,000 in
order "to capitalize earnings expended for the third Mexican
Gulf cable and other betterments acquired by the companj^
A shareholders' meeting Avill
to the extent of $1,000,000."
accordingly be held May 8 to authorize the issue of $1 ,000,000
full paid stock as a dividend of 50% to shareholders of record
at such time as may then be determined.
The results for the calendar year and the quarReport.
ter ending Marcli 31 (partly estimated) compare as follows:
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Dividends. Cable Rep. Bal...vir
Mex.Gov.
Grosx.
Net.
Year.
.$670,142 3555,694 $24,000 (10% )$191,260 $11,676 $.328,758
1905
511,700
38,002
612,9.33
(IC^t) 191,260 29,088 253,350
1904
3 months
$101,185
1906 (est. )$184, 000 $156,500 $7,500 (214"; )$47,815
6,000 (23^%) 47,815
94,285
1905 (est.) 173,100 148,100
Referring to the results for the late year, President Scrymser says:
It will thus be seen that the net earnings, owins to the noticealile
growth of the Mexican and Sauth American trafhc, will be ample to provide for the usual rate of dividend. 10% peraniuim, on the proposed
new capitalization of $3,000,000, and leave an annual balance to be added
to the suri)lus exceeding that of recent years. V. 81, p. 35.
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Mutual
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San Francisco. Sale of Stock.
Manheim announced on March 22 that all
Electric Light Co.,
755
is issued in order to purchase the United Lead
Co. and possibly some other property, those in authority deOn the Street we
cline to be interviewed on the subject.
have heard it s.^id that the United company would be taken
over on May 1. The outstanding capital of the National,
including the recent issue, is stated by the New York Stock
Exchange as $20,750,000 preferred and $20,713,600 common.
The figures given last week were incorrect. V. 82, p. 695.
Ocean Steamship Co. Sale of Obligations for New Vessel.
See Central of Georgia Ry. under "Railroads" above.
Societe Financiere Franco- Americaine. Bond Issve.
Advices received from Paris state that the first issue of 15,000,000 fcs. 4% bonds of this organization, due July 1 1955, has
just been made, and that all the bonds were jDriAately
placed a little below par by leading Paris bankers with
French investors. The proceeds of this issue, amounting to
nearly $3,000,000, are to be invested in American securities
under the advice of the New York directors, who are James
Speyer, Adrian Iselin Jr.. Norman B. Ream and Richard
Schuster.
Southern Bell Telephone & Telegraph Co. New Stock.
This companv has increased its outstanding stock from
$1,000,000 to'$15,000,000. The limit of i.ssue was recently
The American
increased from $1,000,000 to $30,000,000.
Telephone & Telegraph Co. owns 99.96% of the outstanding
(See V. 82, p. 699.)— Y. 81, p. 1615.
shares.
Southern New England (Bell) Telephone Co. Stock OpStockholders of record on April 1 can subscribe at
tion.
120 (par $100) prior to 4 p. m. May 1, for $.500,000 new
stock to the extent of 10% of their respective holdings. Subscriptions are payable $60 per share on or before June 1 1906,
and $60 per share on or before Aug. 1 1906.— V. 82, p. 284.
Southwestern (Bell) Telegraph & Telephone Co. New
Stock.
This company has filed a certificate of increase of
authorized capital stock from $10,000,000 to$20 090,000.
The American Telephone & Telegraph Co. owns 10.4% and
its subsidiary, the Western Telephone & Telegraph Co.,
83.6% of the outstanding shares. (Compare V. 82, p. 699.)
V. 82, p. 632.
Swift & Co. Packers Immune as Individuals. Judge
Humphrey in the United States District Court at Chicago
on March 21, in the proceedings brought by the Government
against various packers for violation of the Anti-Trust law,
overruled the contention of the Attorney-General that a
person, in order to enjoy immunity from prosecution under
the provisions of the Immunity Act, must indicate his unwillingness to testify by insisting on being subpoenaed and
put under oath. The jury was instructed to acquit the
packers as individuals on the ground that they did not furnish information voluntarily to the Government authorities,
"but gave only what was demanded by an officer" (Commissioner of Corporations Garfield) "who had the right to
make the demand and gave in good faith under a sense of
legal compulsion," although they "debated with the Commissioner in the hope of inducing him to minimize the demands and take something less than he had originally demanded," which in some instances was done. V. 82, p.
279, 98.
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Secretary H. S.
stockholders desiring to sell their holdings at $20 per share
will receive $5 per share April 13 and three further payments
of $5 each at the end of six, twelve and twenty-four months
respectively.
There are 50,000 shares. The stock is to be
taken over by a new corporation, to be known as the California Investment Co., organized under the laws of Nevada,
acting, it is believed, in the interest of the Pacific Gas &
Electric Co. (which see below).
V. 80, p. 716.
National Consolidated Wire Co. Change of Name. This
company, incorporated under the laws of Maine early in
1905 with $16,000,000 of authorized capital stock, for the
purpose, it is understood, of taking over the National Steel
& Wire Co. (V. 80, p. 1427) and its subsidiaries, has filed a
certificate of change of name to the National Consolidated
Wire & Cable Co.— V. 80. p. 1000.
National Consolidated Wire & Cable Co. New Name.
See National Consolidated Wire Co. above.
National Electric Co., Milwaukee. Sold. At the bankruptcy sale on March 26 the company's plant and other
assets were bid in by Charles L. Sullivan of Chicago for
$500,000.— V. 82, p. 573, 455.
National Enameling & Stamping Co. Decision. The
decision of the United States Supreme Court, handed down
on March 19, was not on the merits of the action of the company against the New England Enameling Co., but merely
on a question of procedure, the decision of the lower court
(V. 81, p. 215), which was generally favorable to the NaGuaranteed DebenJ. Spencer Turner Co., New York.
tional Company, remaining in force pending the appeal of
tures.
See Consolidated Cotton Duck Co. above.
the New England Coinpany, the latter being meantime
United Copper Co. To Confirm Sale of Bonds. The
enjoined and compelled to file a weekly memorandum of all
goods manufactured and distributed by them covered by shareholders will vote April 26 on authorizing the acceptance of $3,500,000 cash and accrued interest for the
the patent in question.
New Plant. The new tin plant at Granite City will prob- $1,000,000 bonds of the Montana Ore Purchasing Co. and
ably not be ready for operation luitil about July 1, further $2,500,000 bonds of the Nipper Consolidated Copper Co.—
additions and a considerable enlargement of the original V. 82, p. 639, 513.
Universal Caster & Foundry Co., Newark, N. J. Called
plans having been decided upon.
No securities, we are informed, will be issued to pay for the pl^t, the means Bonds. Fourteen first mortgage 6 p. c. bonfls secured
being provided for from the company's j^^burces as the by mortgage dated Dec. 14 1903 and due 1929 have been
called for payment at par and interest at the Fidelity Trust
work goes on. V. 81, p. 617.
National Fire Proofing Co., Pittsburgh. Report.- The Co. of Newark, trustee, on April 2. Comi)are V. 78, p. 108.
Westinghouse Electric & Manufacturing Co. Pla7i Apreport for 1905, which will be cited fully another week,
proved.
The shareholders at a special meeting held March 26
shows:
Net earnings for the calendar year, $472,053, not allowing for a net unanimously approved the plan (see V. 82, p. 222) for i.ssuing
los.'; of $158,105 incurred from an unsuccessful venture made during the
$15,000,000 of convertible 5% debentures; also to increase
year in the field of reinforced concrete construction. For dividends
amounting to 5 34% on the pref. stock (the last pavment made .lulv 1905) the authorized issue of capital stock from $25,000,000 to
there was expended $417,540, and $100,000, as usmil, was added to re- $50,000,000.
placement fund, leaving a total deficit on the vear's operations of $203,,
The resolution authorizing the $25,000,000 new stock
592.
provides that it shall rank pari passu with the existing
"For the first two months ended Feb. 28," the report says, "assenting stock," and that 2.50,000 shares (par $12,500,000)
"the amount of work contracted for is 128% in excess' of shall be set aside to be used onlv for the conversion of the
that for the same period of 1905, and the prices received for $25,000,000 of convertible bonds, which the holders have
the material sold are 23% over those of last year." The the right after Jan. 1 1910 to exchange for such stock at
management, therefore, cxpects>"a most profitable year."
the rate of one $1,000 bond for $.500 of said stock.
The
Bond /.s'.s'7«?. The plan to issue $2, .500 .000 guaranteed following proviso, however, was made:
bonds of the subsidiary Federal Clay Mfg. Co. has been abanIn case of the payment or redenii)tion of all or any of said bonds in
doned, and instead the National shareholders will vote any oilier manner from time to time, sucli and so many of .said sliares
April 5 on making a mortgage to secure $2,500,000 of 5% of stock as may l)e held for the pur|)ose of converting said bonds so paid
or otherwise redeemed mav be from time to time chspo.sed of by the
direct bonds, maturing in t(>n instalments of $250,000, but directors of tlie companv. V. 82, p. 222, 285.
redeemable at conqjany's option on any interest period.
The report states that a New York l^anking conqjany which
W. E. Wright, for some years associated with the Chihas made a careful audit of the accoimts "will i)urchase out- cago bond
hou.se of Eversz & ('ompany, lias accepted a
right" $2,000,000 of the issue.
The remainder will be h(>ld position as salesman of s(>curities with N. W. Hal.sey & Comin the treasury for future use.
V. 82, p. 337.
pany. His ti-rritory for the pn^.sent will be Wisconsin.
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National Lead Co. —New Stock. —The New York Stock Exchangc! hist week admitted to (]U()tation in the unlisted department an additional $2,713,600 of i)referred stock and
$5,750,000 of common stock. While it is thought likely that
Spencer Trask & Co., New York, have i.ssued a special circular descriptive of all of the principal i.ssues of convertible
bonds that are now upon the market, copies of which will bej
mailed upon request.
I
THE CHRONICLE.
756
jcjr0rts
Vol. lxxxil
unA Jiocmncnts
ALASKA CENTRAL RAILWAY COMPANY.
ANNUAL REPORT FOR
Seattle, {Washington,
in this
November 22 1905.
In presenting the annual report of this Company for the
past 3'ear, we are glad to report satisfactory progress on the
construction of the road and great development of the territory through wliich we are building.
It is impossible to acquaint the stockliolders in a brief report with the many problems which had to be solved in the
organization of the work, the engineering and construction
of the road and planning for the successful and economical
operation of the same.
When the new management took over the construction
work early in January, about 14 miles of road had been built,
although not finished, and no surveys or engineering work
had been done beyond Mile 20, except reconnoissance.
It required a great amount of time and energy to perfect an
organization; to get men, horses and material and suppUes
on the ground; camps established and equipped for the maintenance of a large force.
The Company was fortunate in securing the services of
some of the ablest and most experienced Engineers and
Heads of Departments for its construction work.
W. B. Poland was selected as General Manager and Chief
Engineer; G. A. Kyle as Chief Engineer of Surveys; J. B.
Cameron as Chief Engineer of Construction.
The Company maintains its executive offices at 108 La
Salle Street, Chicago; its Purchasing and Disbursing Departments, as also the Immigration and Industrial Bureaus, in
Seattle; its operating headquarters are established at Seward,
where all active construction work is being directed and
where later all the operating departments will be estabhshed.
ENGINEERING.
A large and efficient force of engineers, in charge of Mr.
Kyle, was placed in the field, divided into eight locating
parties, which have worked faithfully and under great difficulties and have succeeded in accomphshing the following:
Permanent location, 87 miles.
Preliminary location, 260 miles.
Reconnoissance surveys, 780 miles.
The road as originally planned contemplated a pioneer
road, as most of the western roads were built— light construction and heavy grades no attempt was made at construction for carrying a heavy tonnage, as it was not then
"known that such would be necessary for the first five or ten
years; but as the great resources of the country became better
—
and richness of the coal and
was decided that in order to handle this
great traffic to tidewater with economy, it was necessary to
construct a first-class road from the start. It was therefore
known,
particularly the extent
copper deposits,
it
decided to build with a
two grades
2%
of
this it
maximum
in crossing the
of
1%
grade, having only
mountain ranges, and
in
was found necessary to build seven tunnels
order to do
on the first 55 miles of road. The road is being constructed
to carry a train-load of 1 ,000 tons.
The work along the north shore of Turnagain Arm, where
the road is built on the side of the mountain for a distance of
30 miles, is also very heavy and the construction will be very
expensive, the estimate of the rock excavation running from
$40,000 to $80,000 per mile.
The engineering work in locating this road has necessarily
been slow and expensive. Over $140,000 has been spent this
,
year on this work.
IMPROVEMENTS AT SEWARD.
The Company's wharf
at
Seward was
rebuilt early this
1905.
manner, although an average
of
from 1,200 to 1,500
men was maintained during most of the summer months.
About 1,400 men are at work at this time, and it is hoped to
maintain a force of about 1,200 men during the entire winter.
The road is laid with new 65-pound A. S. C. E. section
steel rail, standard ties, 2-foot centers.
All bridges and
trestles are of heavy timber, capable of carrying with the
usual factor of safety an 80,000-pound capacity loaded car.
EQUIPMENT.
The Company's present equipment
consists of:
Four locomotives.
One large rotary snow plow, which
costing at the factory $17,500.
Thirty
is
just being/shipped,
flat cars.
Ten box cars and cabooses.
Three hundred and fifty horses and a large equipment of
side-dump construction cars and light track for the same.
MATERIAL, SUPPLIES AND COMMISSARY DEPARTMENT.
Rail and fittings for 65 miles of road were shipped this
year, which with the rail on hand, for the first 20-naile section,
make sufficient for 85 miles of road, leaving rail for 40 miles on
hand. This rail cost deUvered at Seward $42 50 per ton.
The Purchasing Department is in charge of Mr. Frank
Brown, with offices at Seattle. He deserves great credit for
the efficient manner in which he has accompUshed the great
task of getting together on short notice the amount of material and supplies necessary to carry on this work, and in a
market which was not prepared for the large orders required.
Some of the requisitions called for several hundred different
articles in one shipment, and the work was handled in a
prompt and efficient manner.
The Northwestern Steamship Company which contracted
to carry our freight and passengers was entirely unprepared
for the large volume shipped in this year; nearly every steamer,
although loaded to its utmost capacity, left large amounts of
In addition we were obliged
freight on the dock at Seattle.
to charter extra steamers to carry supplies and laborers exclusively for this company.
Considerable freight is stiU on
the docks at Seattle.
So far this year 16,000 tons of material
to Seward and over 2,000
and supplies have been shipped
laborers.
The establishing of camps and furnishing the same with
provisions, supplies and camp utensils were found difficult
and expensive, for the reason that no roads, not even a trail,
Bridges had to be built crossing the numerous
existed.
streams and rivers, and hundreds of tons of provisions and
supplies had to be taken many miles into the interior of the
country on the backs of animals.
From four to eight months' supplies are on hand and most
of it has been delivered to the camps along the construction
work. Nearly $2,000,000 has been expended so far on the
construction of the road including material and supplies on
hand. All purchases have been made for cash, that is, the
,
company pays
monthly, and discounts all bills where
The company's credit is the best.
The Accounting and Disbursing Department at Seward is
in charge of Mr. F. H, Stewart, who has given a good account
An audit of the books at Seattle and Seward is
of himself.
now being made by Wilkinson, Reckitt, Williams & Company, Chartered Accountants, Chicago and New York.
Mr. E. R. Keeler is Disbursing Agent at Seattle, where all
payments for purchases are made.
discount
is
all bills
offered.
The terminals were enlarged
addition made.
and improved. An office building was erected at Seward,
costing approximately $50,000, which is considered the best
building in Alaska. Temporary roundhouse and machine
shops have been built, and a new roundhouse and shops
planned, on which construction work will soon begin.
Mr. J. R. Van Clove is our Master Mechanic. Mr. Van
Cleve formerly occupied the same position with the White
Pass & Yukon Railway. His work in looldng after the
motive power and rolling stock and planning for the machine
shop, car shop and roundhouses has proven very satisfactory.
CONSTRUCTION.
of the territory through which tliis
road is building are indeed wonderful and beyond the belief of
any person who has not made a study and investigation of the
same. The country is not only enormously rich in mineral
wealth, but is also rich in timber and agricultural possibilities.
Wheat, oats, barley and grasses, and all vegetables and
The soil is very
berries grow in abundance in the valleys.
rich and the conditions as to sunshine and rainfall are entirely
The Susitna Vallej^ is 100 miles
favorable to agriculture.
wide and 200 miles long, and is capable of great agricultural
development. Its low altitude, 200 to 300 feet above sea
level, together with its proximity to the warming influence of
the Japanese current, gives a delightful climate similar to
that of the valleys of Southern Norway. The valley is covered with a thick growth of spruce and hemlock, interspersed
with extensive meadows, in which grass, mostly red top,
grows to a height of five feet.
The Matanuska Valley, while not so large as the Susitna
Valley, has equal agricultural possibilities, as also the great
summer and an
14 miles of road were re-constructed so as to obtain a better grade and alignment; cuts and fills were widened,
and the road is now completed and in operation to Mile 45.
Considerable work has been accomplished between Mile 45
and Mile 105. A contract for six of the tunnels at Mile 52
was let to Rich & Harris last summer, which calls for the
completion of same on April 1 1906. The grading from
Mile 75 to Mile 105, which is along the north shore of Turnagain Arm and includes the heaviest rock work on the entire
line, except the tunnels, was let to P. Welch & Company of
Spokane, which calls for the completion of this work August 1
Both these companies have their camps established
1906.
and their supplies on the ground and are actively prosecuting
the work, the only drawback being the difficulty in bringing
in labor, and to retain the same after it has been brought
Many reports of rich strikes reach the
into the country.
men and they become restless and leave their work to go
The Company lost fully 1,000 men this year
prospecting.
The
first
NATUR.\L RESOURCES.
The natural resources
Mah. 31
THE CHRONICLE.
1906.]
Valley of the Tanana, which is equal, if not larger than the
Susitna Valley.
Such an eminent authority as Mr. H. Bratnober, who has
made extensive exploring expeditions into Alaska, states
that the copper deposits in this part of Alaska are the most
extensive and the richest known in the world, and are sufficient to supply the world with copper for an indefinite period.
The Kantishna District, which is tributary to the Alaska
Central, being about 150 miles south of the Tanana and 20
miles west of our located line, was discovered during this year
and gives promise of being a district of unusual extent and
The Yentna District is south of Mount McKinley
richness.
and about 40 miles west of our survey. The Bonnifield District is opposite Mount McKinley and a short distance east
These districts were also discovered
of the located line.
during this year, each of which promises to become as productive as the Tanana has been in the past year or two.
No attention has been paid to gold quartz mining for the
reason that it is almost impossible to bring even the lightest
machinery into the interior of the country. The Kenai
Peninsula, which is one of the oldest placer districts in Alaska,
has for years produced from $200,000 to $300,000 annually
by the most primitive processes. Several gold quartz mines
have been opened up and are now being developed, which
give evidence of becoming large and rich mines, and the
Company can count on receiving considerable freight from
this source next year.
So far this year the production of gold from the Tanana
is reported at approximately $7,000,000 as against less than
$500,000 for the entire year of 1904. This output has been
produced with inadequate facilities and insufficient machinery.
An estimate of gold from the Tanana for 1906 is
from $12,000,000 to $15,000,000.
The coal properties on the Matanuska River, which are
from 15 to 30 miles east of the main line, have been examined
by Mr. William Griffith, of Scrantou, Pennsylvania, as also
by Doctor Martin of the Govei-nment's Geological Department. These reports show that some of these coals are equal
toHhe Pocohontas coal, which is the best known steam coal.
Following are some of the analyses:
Moisture.
5.300
1.224
.839
1.792
1,486
2.078
1.060
4.151
1
.875
5.832
.758
Volatile
Fixed
Matter
30.910
23.630
20.212
20.106
20.460
18.858
12.760
20.284
22.078
17.780
20.510
Carbon.
56.401
62.649
69.000
66.961
65.026
56.788
78.960
59.624
71.650
63.031
68.553
.439
.517
,549
.801
.588
.526
.940
.341
.437
.457
.689
of coal were assayed without washing.
Mr. Griffith reports that there is a market for this coal,
free from competition, for 300,000-400,000 tons per year,
also 100,000 tons for the United States Navy, and a comWhen it
petitive market for over 1,000,000 tons annually.
is known that there is no good steam and coking coal produced on the Pacific Coast, except at Vancouver, which is a
medium-grade coal on which there is a duty, the importance
The Governof these coal fields at once becomes evident.
ment
receives its coal
shipped by
from the West Virginia
fields,
from
over 300 miles to tlie Atlantic
From there it is placed in vessels and shipped around
Coast.
the Horn to San Francisco, Seattle and Manila, making the
cost from $11 to $12 per ton.
The coking ciualities of this coal are shown by the following analyses:
it is
rail
— The dissolution of the banking house of Baring, Magoun
&
Co., 15 Wall St., takes place to-day with the retirement of
Mr. Thomas Baring from the concern and the formation of
the two new firms of Baring & Co. and Tailer & Co. Messrs.
Baring & Co. will include in its co-partnership Hon. Hugo
Baring, brother of Lord Revclstokc of Baring Bros., London.
George D. Hallock, who will be the Board member, and Albert L. Mason, for many years the managing clerk of Baring,
Magoun & Co. T. SufFern Tailer and George Crocker, as
special partner, will compo.se Messrs. Tailer & Co., whose
offices will be located at 27 Pine St. Yesterday the retiring
members of Baring, Magoun & Co. were the recipients of a
handsome bower
of American beauty roses, presented by all
the employees of the old firm. This beautiful floral tribute
stands four feet high and was made by Joseph Fleischman.
— Marwick,
& Co., chartered accountants, with
Chicago, Pittsburgh and Minneapolis,
have prepared a pamphlet dealing with "Bank Audits."
The growth and importance of independent audits of banks
by professional accountants and the requirements of such an
examiner form part of the contents of the booklet. It concludes by stating that "when the advantages to be derived
from periodical audits by professional accountants become
known, they will surely command the fullest approval of the
They reduce the danger of defalcations to a minipublic.
mum, increase the efficiency of the banks, and insure the best
returns in the way of dividends to stockholders."
offices in
—
ANALYSES PACIFIC COAST AND OTHER COKE.
Volatile
Moistiire
Matter
Chickaloon, Alaska.. .252
1
2
3
4
5
6
7
aComax, Vancouver..
aComax, Vancouver..
Wilkinson, Wash' ton.
Fairfax, Washington.
Belgian Coke
Connellsville.Pa
.740
.578
.296
.166
.458
.600
Va
564
Pocahontas,
8
.581
1.26
2.518
1.497
.877
1.218
.427
1
672
Fixed
Carbon
Sulphur,
86.572
80.600
79.949
82.269
86.068
89.267
88.922
90.000
.645
.859
.808
.569
1.191
.810
621
Ash.
11.950
17.400
16.096
15.130
12.320
7.866
9.241
7.143
a From Report Minister of Mines.
All the coals on the Pacific Coast from which coke is manufactured require washing before coking.
The sample of
coke from the Matanuska field was coked without washing.
Mr. Griffith reports that some of the coal is an exceptionally
high grade Blacksmith Coal, for which there is a mai'ket on
the Pacific Coast of from 25,000 to 50,000 tons per year at
from $11 to $20 per ton. Anthracite Coal of excellent quality has also been discovered in the Matanuska Valley.
The Town of Seward, which is but two years old, has now
a population of about 1,200 people. It has a bank, electric
light and water works, telephone, daily and weekly paper.
The Company has erected an office building at a cost of $50,000.
This building is equipped with steam heat, hot and
cold water, modern plumbing, telephone and electric light.
The foundation is concrete, the central portion brick, with
wings of concrete and wood.
The United States Government during the year extended
the submarine cable from Valdez to Seward, which has been
of great value to this Company and to the people of Seward
in placing them in telegraphic communication with the entire
world.
PLANS FOR FUTURE OPERATIONS.
force of about 1,200 men is working on
the section between Mile 45 and Mile 75, including a tunnel
800 feet long at Mile 49. It is expected to have this work
finished about the first of July, including the six tunnels
which are contracted to Rich & Harris.
The contract with P. Welch & Company calls for the completion of the grading from Mile 75 to Mile 105 by August 1
The Company's
1906.
Ash.
6.450
11.9S0
9.400
10.340
12.440
21.750
6.280
15.600
3.960
12.900
9.490
Sulphur,
The above samples
where
757
Mitchell
New York,
Spencer Trask & Co., New York, have issued a special
circular descriptive of all the principal issues of convertible
It is contemplated to let another contract for the construction of the road from Mile 105 to Mile 150, which we hope to
build by the end of next year; also a contract for the construction of the Matanuska Branch from the junction with
the main line at Mile 150, 30 miles east to the Chickaloon
coal fields.
A contract with the Illinois Steel Company has been made
calling for the delivery of 5,000 tons of rails and fittings
during the summer of 1906.
It is also expected during next year to build the car shops,
machine shops and a roundhouse for the purpose of building
the passenger cars and to take care of the additional motive
power.
RECOMMENDATIONS.
— That
the Annual Meeting of this Company^ be
changed from the last Tuesday in September to the first
Tuesday in March, so that the operations for the entire previous year can be reported at the annual meeting.
Second That both the preferred and common stock of
this Company be changed from $50 per share to $100 per
First
—
share.
Third
— That
common stock be
Respectfully submitted,
both the preferred and
registered.
A. C.
FROST,
President.
bonds that arc now upon the market, copies of which will be
The introductory remarks serve to
largely explain the reasons for the growing tendency on the
part of both corporations and investors to resort to convertible bonds as a means on the one hand of borrowing and
on the other hand of investing funds.
mailed upon request.
—
A pamphlet entitled "Massachusetts Electric Companies; a Financial Analysis of the Boston & Northern
Street Ry. and the Old Colony Street Ry. Since Their Organization," -has beqn prepared for H. W. Poor & Co.,
New York and Boston, by their statistician, P. H. Carey,
and copies are now being distributed among those interested.
—
A new Chicago firm, to deal in bank stocks, bonds and
unlisted securities, is Zeiler, Fairman & Co., which is to
open for business next week in the First National Bank
Building.
Mr. ZeiU r has been connected with Evorsz & Co.,
and Mr. Fairman was head of the firm of F. W. Fairman
& Co., which has been dissolved.
—
Motter, Do Witt &, Co. of Norfolk, Va., are to-day of30-ye.ar imfering investors $10."),000 Norfolk City, Va.,
provement bonds. Price upon application. Messrs. Mottu,
Do Witt & Co. are members of the New York and Norfolk
4%
cotton exchanges.
—
The new firm of Farson, Son & Co. in Chicago has removed from its temporary offices to a permanent suite on
the fourth floor of the First National Bank Building, where
it is
tliorouglily
bond business.
equipped for the conduct of an extensive
THE CHRONICLE.
758
It
[Vol. lxxxh.
COTTON.
(KonxMittchxl "^imcs.
Friday Night, March 30 1906.
THE MOVEMENT OF THE CROP
COMMERCIAL EPITOME.
as indicated by
our telegrams from the South to-night is given below.
For the week ending this evening the total receipts have
reached 100,030 bales, against 104,581 bales last week
and 101,597 bales the previous week, making the total
receipts since the 1st of September 1905 6,645,744 bales,
against 7,705,290 bales for the same jieriod of 1904-05,
showing a decrease since Sept. 1 1905 of 1,059,546 bales.
Friday Night, March 30 1906.
country is still in most lines large, and
the feeling confident, altiiough a disturbing factor is to be
found in the danger of strikes in both tiic bituminous and
antluacite coal trades.
More seasonable weather of late
has had a tendency to stimulate business in various sections
whore there had been some temporary diminution of activity,
due to recent wintry weather. Speculation, as a rule, has
continued quiet, with no sign of anything like aggressive-
The trade
of the
ness, except, possibly, in cotton.
The general condition of
th(> country is regarded as prosperous, prices in the main
are well sustained, and the outlook for the spring trade is
still regarded as favorable.
Lard on the spot has ruled ({uiet at advancing prices,
owing mainly to sympathy with rising cjuotations for futures
and tlie smallncs!5 of stocks at the West. Small sales have
been made of late at 8.60@8.623^c. for prime Western and
Some export business has been done in
8J<tc. for City.
City, but the buying has been chiefly for domestic account.
Refined lard has also been quiet but firmer, with refined
Continent quoted at 8.95@9c., South American 9.35c. and
Brazil in kegs 10. 35(«) 10.40c.
The speculation in lard
futures at Chicago has been active at advancing quotations.
Reactions from profit-taking have taken place at times,
but on the whole the market has been strong.
DAILY CLOSING
Mav
lieliverv
PllICKS
Sat.
Mon.
Tubs.
Wed.
9,:i-2]4
SA7H
8.47^
S.o7^^
8.671^
S..55
8. 6734
8.42H
8.52)^
Thurs.
8.40
8.50
8.60
Mon.
Sat.
Tues.
Thurs.
IV ed.
Fri.
Tulal.
3,539
5,011
12,110
5,253
6,861
2,998
1,244
35,772
Orleans.
Mobile
Pensacola, &c.
4,570
62
12,402
246
8,227
3,849
3,091
.36,405
53
306
11
942
Savannah
2.43:5
4,266
264
2,049
2,888
3,080
2,442
1,653
2,679
2.049
15,175
66
12
81
89
137
9&
ooO
484
Pt. AiUuir.etc.
New
Brunswick
.
„
Gharlestun
_
.
1
550
Cieorget'n, &cWiliningtoii ..
,244
^
.
46
276
88
27
141
131
709
469
1,253
1,071
237
258
866
50
5C
WashiuKt'n &c
Nonolk
36
43
ol
lOJ'
IC
l,6St
12c
4,154
167
100
175
1,689
421
29, ISC
16,47i
13,25b
13,65C
00,036
N'port N., &c.
167
New York
Boston
Baltimore
Philadelphia
Totals this
96
.
126
wk.
11,407
16,066
The following shows the week's total receipts, the total
1 1905, and the stock to-night, compared with
OF LARD FUTURES IN CHICAGO.
8.32^
8.40
Sept. delivery- __ 8.52 J^
July delivery
—
Receipts at
Galveston
since Sept.
last year:
Fri.
8.27^
8.37M
8A7'A
1905-06.
Receipts to
March 30.
Pork on the spot has been strong, owing to the rise in
the future market, decreasing stocks, light offerings, buying
by packers and light receipts of live hogs. The demand has
been light, small sales having been made at $17 00@$17 50
for mess, $16@$17 75 for clears and $17 50@$18 for family,
Cut meats have been steady with a small demand; pickled
shoulders are quoted at 73^c., pickled hams 10@103^c.,
and pickled bellies, 14@10 lbs., 934@10c. Beef has been
quiet at steady quotations; mess $8 50@$9, flank $9 25
$9 75, packet $10 50, family $12@,$12 50 and exl^ra India
mess $17 25@$18. Tallow has been in light demand and
steady with City quoted at 53^c. Stearines have been dull,
with oleo firmer at 834c. and lard steady at 93<Cc. Cottonseed oil has been firmer on covering by March shorts and
light offerings: prime
summer yellow 36@363^c.; prime
winter j^ellow 36@36}^c. Butter has been firm on very
moderate offerings; Western extras 27@273/^c. Cheese has
been firm with stocks decreasing; State factory, full cream.
active and
firmer;
Western firsts,
14@14Mc.
i
',
'
Galveston
Pt. Arthur, &c.
New Orleans _ _
Mobile
Pensacola, &c_
Savannah
Brunswick
Charleston
Georget'n, i&c-
35,772 2,265,:3S2
1,244
142,793
36,405 1,356,147
942
204,959
144,611
2,049
15,175 1,244,891
550 161,061
484
156,362
70,354 2,208,094
3,896
184,656
70,289 2,153,183
4,755
259,932
1,716
156,613
24,547 1,402,352
164,476
1 ,328
4,628
190,819
886
30
4,236
294,883
122
9",649
543,393
182
10,050
50
22.364
61,111
1,922
987
41,784
193
10,57:.
1,043
Washingt'n,&c.
Norfolk
Newp't N., &c.
New York
Boston
Baltimore
Philadelpltia
709
286,050
4,154
167
100
175
1,689
543,402
18,508
3,846
54,153
55,960
421
6,576
_ ^
Total
Stock.
This
week.
Wilmington
'
1904-05.
This \Since Sep
week.
1 1905.
.
Since Sep
1 1904.
1906.
1905.
165,449
156,769
283,281
26,526
253,567
31,537
55,966
3,087
20,602
5'i",6S9
5,789
100,036 6,645,744 198,762 /',705,290
7,685
19,098
'
9,997
31,438
"3V,895
162,661
7,621
9,432
3,756
29
73,788
3,152
4,577
875
775,608
647,598
In order that comparison may be made with other years,
we give below the totals at leading ports for six seasons:
have been slightly easier with the
demand light; Rio No. 7, 83^@Si4c., and Santos No. 4, Receipts at
1906.
1905.
1904.
1903.
1902.
1901.
8J^@9c. West India growths have been steady with light
37,016
74,250
15,379
31,072
21,066
45,702
sales; fair to good Cucuta, 9}4@^Hc-, and good average Galv'n, &c_
Orleans
70,289
21.159
45,321
30,405
18,652
35,218
Bogota, ll@113^c. The speculation in the market for con- N.
Mobile
827
942
4,755
1,419
726
551
tracts has been very quiet with extremely narrow fluctua- Savannah
15,175
24,547
8,235
11,982
6,378
17,371
484
4,058
506
64
902
1 ,324
tions in prices.
On the whole the market has been easier, Ch'ston,<tc.
&c.
709
4,236
152
1,264
479
983
owing to the dulness of the speculation, continued liquida- Wilm'n
Norfolk _..
0,580
4,154
9,649
4,307
4,910
5,998
tion by tired holders, weaker foreign markets and better N'p't N.,&c
167
182
367
219
675
187
10,701
All others.4,984
6,196
3,920
12,68C
10,637
weather in Brazil.
The closing prices were as follows:
198,762
56,125
106,359
66,89C
Tot. this wk
100,036
117,549
16@16Mc
Brazil grades of coffee
1
.
j
1
;
March
April
May
June
6.60c. July
6.60c. August
6.70c. September
6.80c. October
6.85c. November
6.95c. [December
7.05c. January
7.10c. [February
I
i
7.20c.
7.30c.
7.35c.
7.45c.
Since Sep.
1
0,645,744 /•,705,29C 5,701,609 7,021,584 3,879,26C 3,511,832
for the week ending this evening reach
of 85,421 bales, of which 30,411 were to Great
Britain, 3,482 to France, and 51,528 to the rest of the ConBelow are the exports for the week and since
tinent.
The exports
Raw
sugar has been in light demand, with the tone someSmall sales have been made of late at 3)4®
centrifugal, 96 degrees test, 3@3 l-16c. for
muscovado, 89 degrees test, and 2^@2 13-16c. for molasses
sugar, 89 degrees test.
Refined sugar has also been in very
light demand with prices weaker, granulated selling at
4.45@4.55c. Spices have ruled generally firm with a good
demand from jobbers, quite a large country business having
been transacted in black peppers of late. Orders for tea
for account of interior dealers are becoming more numerous
as the season advances and quotations have continued firm.
Kentucky tobacco has ruled firm with stocks and offerings
light.
The domestic leaf situation shows no change. The
demand for most grades continues small, though a few large
sales of old filler tobaccos have been made.
Samples from
the first Sumatra inscriptions are being exhibited and the
new tobacco is generally considered to be of exceptionally
a total
what
easier.
3.51i^c. for
Sept.
1
1905:
Week ending March 30
Galveston
Pt. Arthur, &c.
New Orleans .
Mobile
Pensacola
From
190Q.
Exported to
Exports
from
Great
ContiBritain.Frnce nent.
|
Savannah
Brunswick
2.060 3.207i
;
Total.
3.776
9.043
18.200
19.321
37.521
1.350
2.796
11.355
14.151
1.350'
WllmlnKton...
Newport News
New York
fine quality.
Boston
Baltimore
Britain. France.'
897.851273,743
46.875
563,552
46,024
01,610
163.204
t
160.898i
28.698
32.793
61.462,
90.251'
Charleston
Norfolk
1 1905 to March 30 1906.
E.xported to
Great
1
|
Sept.
i
1
935
4.842
128
100
935
275' 11.7281
16.845
687
815,
5.500
125.721
8,816
4,484
146.840
Continent.
578.533 1
65,507
315,5111
24.073
46,882
553,944
37.2271
4,400,
5.225!
145,991
9.000
2.350,
19.397
173.774!
7,6001
32,751|
225
118.557,
69.00/1 12.699
Total.
750.133
112,382
039.961
98.795
141.285
778.610
127.478
9.900
276.937
20.166
4.709
340.011
126.157
113,857
35.569
63S
28.607
40.098
9.357
2.939
2,750
Copper has been quiet at firm quotations; lake 18.50@
250!
350
2,500
375;
..
3<5
33.069
electrolytic 18. 25@ 18.50.
Lead has been quiet Philadelphia
Portland, Me.
638:
28.607
and steady at 5.35@5.45c. Spelter has been dull and easier San Francisco
40,098
4.036
Seattle
4,036;
at 6.123^@6.20c.
Tin has been quiet but firmer at 'S7}4c. Taconia
9,357
2,939
for straits.
Iron steady with an increased demand; No. 1 Portland. Ore.
2,750
Pembina
Northern $18 25@$18 75, and No. 2 Southern $17 75(o;$18 25.
Total
30.411
3.482| 51.528 85.421 2.381.999 603.321i2.075,019 5,060,339
Refined petroleum has been quiet and steady at 7.60c. in
barrels, 10.30c. in cases and 4.70c. in bulk.
Naphtha has Total 1904-05. 82.949 26.881 66.803 176 633,2.910.618658.813'2,7S3.298;0,352,729
been quiet and steady at 12c. for 71 degrees in 100-gallon
In addition to above exports, our telegrams to-night also
drums. Spirits of turpentine has been dull and weak at
Rosin has been quiet and steady at $4 for common give us the following amounts of cotton on shipboard, not
703^c.
to good strained.
Wool has been quiet and steady. Hops cleared, at the ports named. We add similar figures for
New York.
have been inactive and steady.
18.75c.;
I
,
I
|
'
-
-
.
-
.
Mar. 31
-
-
THE CHRONICLE.
Shipboard, Not Cleared for
France
.
many. Foreign
759
FUTURES. — High,
—
wise.
Total.
stock.
70,864
92,514
,050
212,417
72,935
54,916
5^p-| of;-, of^'i
pE'i
SS
I
PS-,
^
'r.
?S
=
Orleans
Galveston __
15,772
42,946
12,383
100
8,544
39,508
Savannah
Charleston
Mobile
Norfolk
34,165
5,848
250
4,112
800
300
400
300
20, .302
800
16,058
18,245
156,911
27,085
57,122
33,713
9,693
18,805 196,739
27,411 170,260
8,684 44,578
578,869
477,338
495,591
6,270
2,998
800
13,193
250
New York--
2,666
Other ports
Total 1906
Total 1905
Total 1904
1
10,468
13,193
5,750
2,600
-
OO OO — O
K-co
rf^ Is3
®
©
I
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Mon.
Tues.
Wed
Thurs.
Good Ordinary.
Low
Middling-
_
Middlinsj
10.75
11.37
11.75
12.19
12.71
10.70
11.32
•11.70
10.70
11.32
11.70
12.14
12.66
10.80
11.42
11.80
12.24
12.76
11.70
12.14
12.66
Good MiddlingMiddling Fair-
-
12.14
12.66
10.70
1 1
.32
Fri.
10.70
11.32
11.70
12.14
12.66
GULF.
Good
Or<iinary_
Low
MiddlingMiddling
Good MiddlingMiddling Fair.-
11.00
11.62
12.00
12.44
12.96
10.95
11.57
11.95
12.39
12.91
10.95
11.57
11.95
12.39
12.91
11.67
12.05
12.49
11.95
12.39
11.95
12.39
13.01
12.91
12.91
10.25
11.25
11.41
11.75
10.20
11.20
11.36
11.70
10.20
11.20
10. .30
1 1 .30
10.20
11.20
1
1
11. .36
11.46
11.80
1 1
.36
1
1
STAINED.
Low Middling
Middling
Strict
Low Mid.
Tingeil
Good Middling Tinged..
11.70
1 1
10.95
.05
1 1
.57
11.70
10.95
1 1
.57
.20
.30
n.70
follows:
1898-C.
1897- 1896. 1895.-.
1894--.
1893--.
1892.-1891--.
6 3-16
7 5-16
7^
6 7-16
7 11-16
85^
6 11-16
9
1890 c 11 7-16
1889-- .10 3-16
1888-- - 9 15-16
1887-- -10 7-16
1886.- - QVs
1885- -UVs
18841883-- .10 1-16
A\%
MARKET AND
Market
Cloned.
Closed.
A2%
-10 11-16
1880- .13
1879.- -101^
1878.. -XQH
1877.. A I 'A
1876.. -\?,%
1875- -16^
1881
..
SALES.
Futures
Spot Market
1882-C
Sales of Spot
ConExport sum' n.
Quiet, 10 pts. ad. Very steady
Quiet, 5 pt.s. der- Barely steady
Mondav
Total.
Tuesday
Wednesday
Tlnir.sday
Friday
Total
'-
(Juiet -.
Steady
(juiet, 10 pt.s. ad. Steal ly
(juiet, 10 pts. dec. Kasy ".
Quiet
- .
500
2,200
2,200
-"
.
.
Very steady.
----
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THE VISIBLE SUPPLY OF COTTON
to-night, as made
Foreign stocks, as
as follows.
well as the afloat, are this week's returns, and consequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday), we add the item of exports from the United States,
including in it the exports of Friday only.
up by cable and telegraph,
30—
is
1905.
1904.
1903.
812,000
13,000
50,000
567,000
64,000
683,000
7,000
60,000
Tot 111 Great Britain stock. ..1 ,181,000
11,000
Stock at Hamburg
a246,000
Stock at Bremen
Stock at Antwerp
205,000
Stock at Havre
Stock at Marseilles
4 ,000
8 ,000
Stock at Barcelona
70,000
Stock at Genoa
Trieste
7,000
Stock at
875,000
9,000
357,000
1,000
136,000
3,000
28,000
63,000
3,000
642,000
8,000
372,000
4,000
225,000
3,000
35,000
31,000
5,000
"50,000
7,000
516,000
3,000
217,000
3,000
39,000
19,000
5,000
551,000
600,000
683,000
609,000
March
1906.
bales-1, 104,000
Stock at Liverpool
Stock at London
Stock at Manchester
10,000
67,000
Total Continental stocks
1 1
,000
1,732,000 1,475,000 1,325,000 1,299,000
Total European stocks
195,000
224,000
99,000
India cotton afloat for Europe- 147,000
517,000
204,000
405,000
Europe
cotton
afloat
for
293,817
Amer.
48,000
27,000
39,000
44,000
Egypt.BraziL&catlt. for E'pe
125,000
225,000
206,000
Stdckin Alexandria, Egypt ... 174,000
715,000
743,000
391,000
970,000
Bombay,
India"
Stock in
427,615
540,169
647 ,."98
Stock in U. S. ports
775,608
219,254
272,951
585,328
Stock in U. S. interior towns .- 516,252
22,612
48,485
7,194
S.
exports
to-day
U.
4,659,871 4,248,411 3,209.120 3 ,628,481
otlier descriptions are as follows:
Total visible supply
Of the above totals of American and
American
—
Liverpool stock
Manchester stock
Continental stock
American
bales.
afloat for
50
600
650
23
1,000
1,023
573
3.800
4,373
981 ,000
54,000
500,000
293,817
775,608
516,252
7,194
Europe
U. S. port stock
U. S. interior stocks
U. S. exports to-day
736,000
41,000
.565,000
405,000
647,598
585,328
48,485
479,000
51,000
629,000
204,000
540,109
272,951
609,000
50,000
580,000
517,000
427,615
219,254
22,612
Total American
.3,127,871 3,028,411 2,176,120 2,425,481
En.^t Indian, Brant, <&€.
74,000
88,000
Liverpool stock
76,000
123,000
7,000
11 ,()()()
London stock
13,000
10,000
10, ()()()
13,000
9,000
Manchester stock.
13,000
29,000
54,000
35,000
51,000
Continental stock
195,000
224,000
99,000
India afloat for Europe
147,000
48,000
27,000
39,000
Egypt, Brazil, &c., afloat
44,000
125,000
225,000
206,000
Stock in Alexandrin, Egypt ... 174,000
715,000
391,000
743,000
Stock in Bombay, India
970,000
—
Total Ea,st India,
Total American
1,532,000 1,220,000 1,0.33,000 1,203,000
3,127,871 3,028,411 2,176,120 2,425,481
&c
Total visible .supply
Con-
500
-S
T5
'>-'»-
4,6.59,871
Middling Upland, Liverpool
Mid<lling Upland, New York
ICgypt, Good Brown, Liverpool.
.
Saturday-
—
*>.
and Con trad.
tract.
'
10.20
The quotations for middling upland at New York on
March 30 for each of the past 32 years haA^c been as
1906 c 11.70
1905. - 8.15
1904- -15.15
1903 - . 9.90
1902- . 8 15-16
1901.. . 8 .3-16
1900- - 9^
1899 -- - 6 5-16
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Sat.
ere
^H-•O
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i—'-^
private reports from Liverpool and Manchester have as a
rule been of a bullish character, visible supplies have been
decreasing rather rapidly, the exports have recently been
quite liberal and the May option, which some weeks ago
was at a discount under July of about 18 points, has latterly
risen to a premium of 12 points over July under the stimvilus
not only of bullish manipulation, but of considerable purTo-day prices were irchases to cover short contracts.
regular, alternately advancing and declining, the fall in
pi ices being due to lower quotations in Liverpool, increased
receipts at New Orleans, the fear of a coal strike, short selling and realizing. On the other hand, sustaining factors
covering, continued inclement
were support by bulls
weather in parts of the belt, small receipts at the ports,
continued light arrivals at Houston and expectations of a
A recount of the
bullish exhibit of statistics for the week.
stock at Bremen, it was stated, shows a decrease there of
A circular is.sued by the bull leader
over 61,000 bales.
denying reports that he had been selling and reaffirming his
bullish opinions caused buying by private wire houses, spot
interests and others and prices advanced for the day 10 to 12
points.
Spot cotton during the week has been quiet and at
times depressed, closing at a small net advance for the week,
middling uplands closing at 11.70c.
On the basis of the rates on and off middling as established
by the Revision Committee, the prices for a few of the
grades would be as follows:
S
CnOO
®
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©
^
^'-'
H-qo
oocn
00
£
?=
I
Speculation in cotton for future delivery has been on a
moderate scale only, aside from a few well-known operators,
and, although prices show some advance for the week, the
market at times has had noticeable reactions, due to profittaking, short selling, the indiflference of the outside public
to the speculation, the belief that whatever the delay for
the time being in crop preparations due to bad weather, it
easily be made up later on, and an idea, too, that a reaction was due after the recent advance of about a cent.
Mu( h of the time, however, support by leading bulls has been
very apparent, although large spot interests are said to have
been sellers. Heavy rains have occurred in parts of the
central and eastern sections of the belt, the activity in the
spot trade at Liverpool, though not uninterrupted, has in
the main been a noteworthy feature, and the firmness of
spot markets in the South has attracted attention. The
UPL.^NDS.
York:
o
O
??£i9S?oS'C^S:
I
New
New
low and closing prices at
Leaving
Coast
Other
Ger-
Great
at Britain.
.
--
IDOG.j
On
March 30
-
.
6.03d.
11.70c.
lOd.
Rough Good,
S.7.5d.
Liverpool
Broach, Fine, Liverpool 5 ll-16d.
5)^d.
Tinnevelly, Good, Liverpool
I'eruv.
-
a
Bremen stock
an
15.35c.
8.15c.
9Hd.
7 5-1 6d.
10.25d.
lO.lOd.
11-1
fid.
7
4 5-16(L
7 5-1 6d.
4-5^d.
10.15c.
10i4(i.
7.90d.
5d.
Sd.
revised and corrected.
figures for 1906 show a decrease from last week
133,773 bales, a gain of 411.400 bales over 100.5 and
excess of 1,4.50,751 bales over 1904.
The above
of
4,248,411 3,209,120 3,628,481
5.36d.
8.28d.
4.28(1.
THE CHRONICLE.
760
TOWNS
THE
INTERIOR
the movement— that is,
AT
receipts for the week and since Sept. 1, the shipments
the week and the stocks to-niglit, and tlie same items
the corresponding period for the pre\ious year is set
—
the
for
for
out
[Vol. lx.xxii.
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS. — lielow are the closing quotations of middUng
cotton at Southern and other principal cotton markets for
each day of the week:
in details below.
Closing Quotations for Middling Cotton on
Week ending
March 30.
Savannah
Monday. Tuesday. Wed' day. Thursd'y. Friday.
Sat'day.
Galveston
New Orleans.
Mobile
11 5-16
UH
U
u
U
U
u
...
Charleston ..
4^
to 00
oacnoi
>-'
>--Vl I— 00
-<! tO"-C!CO^lJM^
>fc
a>X)
MW
05
"to
to'f-
i
S-fD
^tOl—
1— h-Vl
"i^i
t—lO
.
Louis
UK
—
May—
Range
Closing
July —
Range
Closing
October —
Range
Closing
December —
Rangel
Closing
Tone —
March
Range
i3oco~j05^-oooooj>t.^^Owi--tocw--iMiooio;ii02a>cc-ja:CjioscDOi
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tO'-'OWH-">i^co'booo'cncoiooj">-'H--a"to"to'--Jco">*.
^05<JM05CntOCOC;iCO^^^-lOtO^^>4i.CnCOCO'-^000>— rf^COCT>;^MCnH-io^
C;i>^C/Tt;^O4^C0H^tOtO>^X00tOMC0CnC0 O^OCCnOiOH-COOCGOMCOCOtocrcO
— 02
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tOtO^M05Cn tOrf^ ^lolo 00 O lOOCOOiOCncO OtCO O
00 00to"hfa-boo'^CO
Ciitoto4^00toOrf--00(t-C;iC;icn^-oo — Orf^cDOJioiocoto^^oiOOCnooto
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0S4^>-.<i;;ih^t0t0Otj^Mast0OCDC0r-00Ot0Cit0^C0C005t^C0C0(X>--C0
4^
1905-06
Since
Week.
Sep. 1.
11,295
362,990
4,310
175,679
778
39,594
2,267
78,243
1,025
47,447
1,018
203,487
Total gross overland
20,693
Deduct shipments
Overland to N. Y., Boston, &C- 2,385
Between interior towns
397
Inland, &c., from South
698
—
Total to be deducted
Leaving
total net overland. a
a Including movement by
907,440
Week.
Sept. 1.
15,954
9,048
1,103
1,942
1,237
3,842
457,119
262,415
41,793
73,394
43,387
232,148
120,535
16,759
32,201
3,152
378
300
135,831
14,636
40,714
169,495
3,830
191,181
29,249
919,075
Week.
Sept.
272,011 9,896,365
al4,752
523,668
.135,231
257,258
10,420,033
North, spin's' takings to Mch. 30. 50,441 1,861,653
55,167 1,802,555
Movement
1904— April
1903—April
1902— April
1901— April
Since Sept
1
1903-04— April
1902-03— April
1901-02— April
1900-01— April
3
4
5
10.31-. 43 10. 29-. 41
10.32-.33 10. 39-. 41
10.40-. 45 10.35- ,48 10.30-.43 10.40-.46 10.32-. 45 10. 31-. 43
10.49-.50 10.35- ,36 10.42-.43 10.39-. 40 10.34-.3S 10.41-. 42
Easy.
Firm.
Steady.
Quiet.
Steady. Steadv.
Quiet.
Quiet.
Steady. B'ly S'ty Steady. Vy. S'ty.
tele-
9,088,651
9,443.935
.9,294,130
8,966,654
—
Texas.
While rains have been beneficial in
of the State, they have retarded crop preparations generally.
We have had rain on one day during the
week the precipitation being six hundredths of an inch. The
thermometer has averaged 67, the highest being 74 and the
lowest 60.
Fort Worth, Texas.
We have had rain on one day during
the week, the rainfall being fifty-four hundredths of an inch.
The thermometer has averaged 66, ranging from 44 to 88.
Palestine, Texas.
It has rained on two daj's of the week,
the precipitation reaching forty-eight hundredths of an inch.
The thermometer has ranged from 42 to 82, averaging 62.
Taylor, Texas.
Rain has fallen on two days of the week,
to the extent of fifty-two hundredths of an inch. Average
thermometer 64, highest 86, lowest 42.
San Antonio, Texas. There has been rain on two days of
the past week, the rainfall being ninety-two hundredths of
an inch. The thermometer has averaged 75, the highest
being 88 and the lowest 62.
Corpus Christi, Texas. Rain has fallen on two daj^s of
the week, the precipitation being one inch and six hundredths. The thermometer has averaged 63, ranging from
46 to 80.
Abilene, Texas.
It has rained on one day of the week, the
precipitation reaching thirtj^ hundredths of an inch.
The
thermometer has ranged from 36 to 84, averaging 60.
New Orleans, Louisiana. Rain has fallen on two days during the week to the extent of two inches and seven hunAverage thermometer 66.
dredths.
Shreveport Louisiana.
Rain has fallen on four days of the
past week to the extent of two inches and sixty-six hunThe thermometer has averaged 61, the liighest
dredths.
being 80 and the lowest 41.
Columbus, Mississippi. Low temperature and wet
weather have interfered with planting operations. About
one-third of the crop has been planted and preparations to
'.
plant the remainder have been completed.
—
,
—
—
Bales.
2
10.28-.41 10.3810.40-.41 10.37-
—
into sight in previous years.
76,060
141,728
87 ,558
139,186
11.30-.47 11.20-.40 U.17-.35
11.33-.34 11.23-. 24 11.34-.35
—
vi'eek.
Bales.
2
3
4
5
10.39-.42 10.3210.42-.43 10.33-
11.10-. 30 11.07-.25
11.12-. 13 11.24-. 25
—
..
9,121,764
Week—
11.30-.39 11.28-. 42 11.1811.35-.36 11.29-.30 11.37-
11.00
—
1
Total marketed
Interior stocks in excess
162,249 8,740,689
a27,018
381,075
11. 09-. 13 10.94-.01 11.13-.20 11.0111. 05-. 07 11. 14-. 15 11.08-.09 10.97-
—
Since
198,762 7,705,290
29,249
919 075
44,000 1,272^000
a Decrease during
highest,
—
1904-05
Since
Sept. 1.
100,036 6,645,744
17,213
737,945
Southern consumption to Mch. 30 45,000 1,357,000
into sight during week.
Total in sight March 30
UK
,
Canada.
1905-06
—
—
Galveston,
The foregoing shows the week's net overland movement
has been 17,213 bales, against 29,296 bales for the week last
5'^ear, and that for the season to date the aggregate net overland exhibits a decrease from a year ago of 181,130 bales.
Came
Natchez
some portions
33,079 1,110 256
737,945
Week.
I
Raleigh
(Shreveport ...11 3-16
.11
11
rain has hindered crop preparations.
(Since
3,480
In Sight and Spinners'
Takings.
Receipts at ports to March 30
Net overland to March 30
u;
Louisville
Montgomery
Alabama and Mississippi overflowing of lowlands is reported.
Texas advices indicate that while beneficial in some localities
1904-05
17,213
rail to
lOK
a result of low temperature as well as wet w^eather, it is
claimed that farm work has been practicallj^ suspended or
materially hindered in manj' districts.
From districts of
give below a statement showing
the overland movement for the week and since Sept. 1,
as made up from telegraphic reports Friday night.
The
results for the week and since Sept. 1 in the last two years
are as follows:
—
11
and Tennessee and at a few
points elsewhere, the precipitation has been excessive.
As
— We
Shipped
Via St. Louis
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati
Via other routes, &c
1
tent in sections of Arkansas
OVERLAND MOVEMENT FOR THE WEEK AND
30.
1
graphic advices from the South this evening are, on the
whole, of a rather unfavorable tenor.
Rain has been quite
general and in portions of the Gulf States and to some ex-
The above totals show that the interior stocks have decreased during the week 27,018 bales, and are to-night 69,076
bales less than at the same period last year.
The receipts
at all the towns have been 80,869 bales less than the same
week last year.
March
1
WEATHER REPORTS BY TELEGRAPH.— Our
00<ICiO500^CncOi— CO>^Cn^OOCDOCnCi(O^IC>*'«)it:^0002t04^00000tO
ocj<c:5C»aicocn^H-tocoo^coootOh^ooooooo;c:toMcococDcocOt**coM
1.
1
lOM
10?^
11.19-.28 11.17-.31 11.09-.28|11.1811.23-. 24 11.18-. 19 11. 27-. 28 11.23-
Spot
Options ..
•^toOiQoacnOCOtocoOhl^oatl^cncoMCnCnOicoioOaOrfi.toOai-'^-to^h-tl^
SINCE SEPT.
UJi
\0H
NashviUe
11.09
11.07
...
Closing...
...
^toi-.i_
00Oi*.00
OJtOtOO*»-<I0000500WtOMOTCOCnc»OCO^COtOC00500it^tOtOt»OCOO>CD
CCaa^^JMC0Q0'-^C0^0SOH^Ja.Cit0 4^MCnOCOtO H-OCCtOCD^CnO^C005
coco
ii>i
11 5-16
Monday, Tuesday, Wed' day, Thursd'y, Friday,
Mar. 24 Mar. 26 Mar. 27. Mar. 28 Mar. 29, Mar. 30.
>ocooo5>-*if^05Wwcoooooo05W>t^iotococc^toCTC3(iitoco^t»i.>t>.0'-^oi
I-'
F
UM
Sat'day.
ww
to
03
0> — HCn
to CO to
— 00^-'inO-^^-'M05tOCOW^^..tOCOOOO>MCOOOS
UH
UH
UK
11.70
11.80
11.70
UM
UK
UK
12.05
11.95
11.95
5-16
n%
UK
UK5-16 US
U 5-16
UK5-16
U 5-16 U 5-10
Oll-'lOl-'^
03
>(».
5-16
u
u
u
u
NEW ORLEANS OPTION MARKET.— The
)3000000--JCn(:/itOCOi-'tOC00005H-CnK-0-IWOrf^tOOiOiOtOO^COM>f'
p— i— coococDrf^^-oooooio
20 00 CO to ro rf^ rf^ ^^coooi to o
if^ o o
;
11.95
1034
.
itkOii-'Ml-'Orf^t^"i;^tOOOO"^biCTi
00i-'"tOOi"'-'Cn'H-«o
11.95
5-16
n
UK
UK
U 1-16
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
co>;iO*»ooiwocoo;ooiooicDoo>oo05tootooio-JcDOMo>kt.OMO
;lo
UH
llH
u%
UH
11
Columbus, Ga.U
Columbus, Mission
oico>t.aitoooooiooiioooc»:ocDw*.-a4^WK-ooi4ico-^050o;ocoooT
•COI-'
12
nVi
nv»
iiK
Atlanta
ot-oc>j;ooaojj.oi>->ti-c;iOiio>i>.oo^Moooiui
CO
ooo
ny2
UH
5-16
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
*i.
CO>MOCOWO!05 0if-05H-030CCOOCiOOiCX)OitOOOif^005WWO-iOl00005(*^i
o o to Oi o 00
UH
11.70
Memphis
Houston
Little Kock
CO -
11.75
nvi
U
UK
nvg
nyg
u
u
11
U
n'A
Augusta
St
UH
U 1-16 n%
11.65
uy*
.
1-16
11
11
Wihnington.. 10?i
Norfolk
Boston
Baltimore
Philadelphia
—
'
.
——
Mar.
—
,
THE CHRONICLE.
31 190G.
—
There has been rain the past week,
Leland, Mississippi.
the rainfall being two inches and six hundredths. The thermometer has ranged from 41 to 72, averaging 56.3.
Meridian, Mississippi. Rain almost every day for past
week has caused overflows, delaying planting preparations.
We have had rain on five days
Vicksburg, Mississippi.
during the week, the precipitation being four inches and seventy-two hundredths. The thermometer has averaged 61,
the highest being 78 and the lowest 36.
Rain and cold weather interfere with
Helena, Arkansas.
We have had rain on three days during the week
farm work
the rainfall being one inch and eighty-four hundredths.
The thermometer has averaged 53.6, ranging from 38 to 75.
Memphis, Tennessee. No farm work done tliis week.
Rain has fallen on every day of the week but one and it is now
raining. Light snow this morning. The rainfall reached two
Average thermometer
inches and sixty-one hundredths.
51.3, highest 73.3, lowest 38.2
Excessive rains and cold weather
Nashville, Tennessee.
continue detrimental to farming interests. There has been
rain the past week to the extent of three inches and twentyThe thermometer has averaged 50, the
six hundredths.
highest being 63 and the lowest 38.
Rain in the interior every day since
Mobile, Alabama.
Sunday, particularly heavy and excessive on Tuesday and
Wednesday. Rivers and creeks are overflowing, lowlands
being generally flooded. Farm work practicallj^ suspended.
Rain has fallen on four days of the week, the precipitation
being two inches and thirty-four hundredths. The thermometer has averaged 62, ranging from 47 to 74.
Montgomery, Alabama. Incessant heavy rains and continued overflows are causing much damage and retarding
farming operations seriously. It has rained on four days of
the week, the precipitation reaching four inches and fiftyseven hundredths. The thermometer has ranged from 45 to
76, averaging 62.
Selma. Alabama. Farm work completely suspended.
Bottom lands flooded. We have had rain on five days the
past week, the rainfall being five inches and forty hundredths. Average thermometer 56, highest 73, lowest 35.
Augusta, Georgia. There has been rain on two days of the
week, to the extent of one inch and eight hundredths. The
thermometer has averaged 57, ranging from 36 to 79.
Savannah Georgia. Dry all the week. The thermometer
has ranged from 40 to 79, averaging 59.
Charleston South Carolina.
We have had rain on two days
during the week, the precipitation being eight hundredths of
an inch. The thermometer has averaged 57, the highest being 73 and the lowest 39.
Greenwood South Carolina. No plowing in this section in
four weeks in consequence of the continued wet weather.
Rain has fallen on four days of the week, the precipitation
being sixty-seven hundredths of an inch. The thermometer
has averaged 50, ranging from 41 to 59.
Killing frost on two mornings
Stateburg, South Carolina.
and cloudy to partly cloudy everj^ day. There has been rain
on three days the past week, the rainfall being one inch and
The thermometer has ranged from 31 to
eleven hundredths.
72, averaging 53.
Charlotte, North Carolina.
It has rained during the week,
the rainfall being one inch and forty-four hundredths. Average thermometer 47, highest 64, lowest 26.
The following statement we have also received bj'' telegraph, showing the height of the rivers at the points named,
at 8 a. m. of the dates given:
Mch. 30 1906. Mch. 31 1905.
—
—
WORLD'S SUPPLY AND TAKINGS OF COTTON.—
—
—
—
—
—
,
—
,
—
—
New
Above
.Above
Above
Above
Above
Orleans
Mempliis
Nashville
_
INDIA COTTON
of gauge.
of gauge.
of gauge.
of gauge.
of gauge.
—
13.2
26.6
27.1
11.3
34.0
13.9
23.4
11. 8
12.8
37.0
1904-05.
Week.
Sept. 1.
For
Great
Britain.
the
Week.
Continent.
Sept. 1.
67,000 1,650,000
66,000 1,871,000
—
1903-04.
Since
Since
Week.
Bombay.
Feet.
MOVEMENT FROM ALL PORTS.
1905-06.
29.
Exports from
zero
zero
zero
zero
zero
Feet.
Week.
Sept. 1.
63,000 1,372,000
Since September
Great
Total.
Sii^ce
Britain.
Continent.
1.
Total.
190.3-04.
10,000
1,000
8,000
Calcutta
1905-06.
1904-05.
1903-04.
24,000
12,000
27,000
34,000
13,000
35,000
43,000
14,000
58,000
512,000
182,000
534,000
196.000
592,000
.5,000
5,000
'2,066
2",666
5,000
1,000
3,000
63,000
17,000
14,000
68,000
18,000
17,000
.555,000
Madras
1905-06.
1904-05.
1903-04.
All others—
1905-06.
1904-05.
1903-04.
Week.
Season.
4,793,644
Visible supply March 23
Visible supply Sept. 1
American in sight to March 30 135,231
66,000
Bombay receipts to Mch. 29.
14,000
Other India sliip'ts to Mch. 29
6,000
Alexandria receipts to Mch. 28
Other supply
to
March 28-a_.
20,000
Deduct
2,545,470
9,121,764
1,871,000
184,000
768,000
277,000
1,123,887
257,259 10,420,033
67,000 1,650,000
112,000
10,000
19,000
731,000
111,000
3,000
—
March 30
4,659,871
Total takings to March 30
4,659,871 4,248,411
4,248,411
379,283
284,283
95 ,000
9,899,509
7,868,509
2,031,000
375,004 10.107,363
314,004 7,632,363
61,000 2,475,000
Of which American
Of which other
a Embraces receipts in Europe from Brazil, Smyrna, West Indies, &c.
ALEXANDRIA RECEIPTS AND SHIPMENTS OF
COTTON. — Through
Choremi, Benachi &
made
arrangements
with
Messrs.
and Alexandria, we
now receive a weekly cable of the movements of cotton at
Alexandria, Egypt. The following are the receipts and
shipments for the past week and for the corresponding week
of the previous two years:
Co., of Liverpool
Alexandria, Egypt.
March
28.
(cantars
Receipts
This week
Since Sept.
1905-06.
1904-05.
1903-04.
50,000
5,760,473
140,000
5,484,099
55,000
6,260,753
a) —
1
Since
This
week. Sept. 1.
Exports (bales)
To Liverpool..
2,000 179,156
5 500 142,841
5,000 241,502
1,750 62,742
To Manchester
To Continent .
To America
14,250 646,241
Total exports
A
a
cantar
is
98
1.
Since
This
week. Sep. 1..
1,000 168,205
1,750 110,619
4,000 225,768
2,750 55,558
4,750 187,026
111,538
6J.56 258,098
600 43,022
This
week.
Since
Sept.
9,500 560,150 12.100 599,684
lbs.
This statement shows that the receipts for the week were
50,000 cantars and the foreign shipments 14,250 bales. 'ji^-jj
MANCHESTER MARKET.— Our
received
report
by
from Manchester states that the market
and firm for shirtings. The demand
yarns
for
is quiet
We give the prices
for both India and China is good.
for to-day below and leave those for previous weeks of
this and last year for comparison:
cable
to-night
1905.
1906.
SH
32s Cop.
ings,
Twist.
Feb.
23
lbs. Shirt-
common
to finest.
s.
d.
6
4H@9
Mid
32s Cop.
Upl's
Twist.
d
s.
6
8K
Cofn
d.
d.
lbs. Shirt-
ings,
common
30
Midi
d.
d.
5.73 TV*
4.17
5.78
5.92 7%
5.77
6.00
6.03 ti4
4.10
4.19
4.31
4.28
4.28
•<
Mch",
2
9
16
23
Cofn
Upl's
to finest.
S}4
8%
8H
8
7>|
EGYPTIAN COTTON CROP.— Under
date of Boston,
26, Messrs. Choremi, Benachi & Co, of Alexandria,
Egypt, and Boston, write as follows:
The high prices have affected the spot business in both Alexandria
and Liverpool, especially in the latter market our reports show that the
demand has fallen off comijletely. This would surely cause a decline,
were it not for the fact that the interior stocks are quite exhausted. ReThe
ceipts will continue to fall o IT daily and run l)ehind last year's.
Alexandria stock consists mainly of lower grades of .\ffih and Upper
Egypt cotton, and the.se (lualities can be secured at concessions. Abbassi and Yai^ovitz qualities are quiet, but very firm.
March
The new crop
is
progressing favorably, with the exception of some
we do not expect to assume serious pro-
1.000
1,000
8,000
10,000
2,000
8,000
10,000
2,000
2,000
2,000
8,000
34,000
12,000
25,000
36,000
14,000
33,000
10,000
7,000
4.000
70,000
73,000
66,000
80,000
80,000
70,000
portions
EAST INDIA CROP.— The final general memorandum of
the cotton crop for 1905-06, revised on receipt of the delayed
Panjab
figures, is as follows:
A errs
Yield.
Hales.
19.91S.000
20.401.000
3,826,000
3.252.000
Area.
1904-05
1905-06
-
.JUTE .BUTTS,1'BAGGING, &c.— The market
11,000
1,000
8,000
37,000
22,000
31,000
48,000
23,000
.39,000
60,000
24,000
73,000
679,000
284,000
039,000
739,000
308,000
712,000
for jute
bagging continues quiet, with prices ruling as last quoted,
viz.: 65^c. for 1% lbs. and 6J^c. for 2 lbs. standard grades.
Jute butts dull and nominal at li^@l^c. for paper quality
>
and 2@2}4c. for bagging quality. J- ' K';
»j
SHIPPING 1 NEWS. —As shown on a previous page,
the exports of cotton from the United States the past week
have reached 85,421 bales. The shipments in detail, as
'
Total all—
1905-06.
1904-05.
1903-04.
Season.
4,271,435
5,034,875 14,767,234 4,627,694 14,147,920
Total supply
Visible supply
Week.
fear of a cattle plague, whicli
Bombav
1905-06.
1904-05.
1904-05.
1905-06.
Cotton Takings
Week and Season.
—
,
March
but comprehensive statement indicates
which statistics are obtainable; also the takings, or amount
gone out of sight, for the like periods.
—
Receipts at
brief
at a glance the world's supply of cotton for the week and
since Sept. 1, for the last two seasons, from all sources from
.
—
761
The following
—
Shreveport
Vicksburg
.
"
THE CHRONICLE.
762
mail and telegraphic returns, arc as follows:
made up from
Liv('ri)ai)l. per Bovic, 1 .2()7 upland; Cetlric, 990
upland, 99 Sea Island, 324 foreiKu; Celtic, 946 upland, 163
: . .
3,789
Sea Island
To Manclioster, per Heathniore, 488 upland, 565 Sea Island.. 1,053
275
To Marseilles, per Italia, 275
6,079
To Hreiuen, per (iiosser Kurfurst, 6,079701
To Antwerp, per Zeelaiid, 704
100
To Nykopiuf,', per Oscar 11., 100
4,526
To Cienoa, per Koiiid Albert 4,526-...119
To Nai)les, i)er Konig Albert, 119......
200
.To Trieste, per Citilia, 200
ORLEANS -To l.iveriwol— Marcli 23 -M('cli;uiici:in,16,355.16,3.55
To Belfast— March 28~Carrigaii Head, 1,845
1,845
March 29
To Uremen— March 24— Michigan, 10,788
16,634
Cheniskia 5 ,846
March 29—
To HauibuiK— March 23— Madrileno, 797
1,187
Tresillian, 390
1,500
To Antwerp— March 24— Michigan, 1,500
2,060
GALVESTON— To Liverpool— March 24—Comedian, 2,060
3,207
To Havre— March 24— Comedian, 3,207
3,438
To Antwerp— March 26— remith Castle, 3,438
338
•To Re val— March 24— Carrigan Head, 338
PENSACOLA To Manchester March 24 Miguel de Larrlnaga,
1,350
1,350 .. .
_
,
NEW
,
—
24— Willow
Manchester— March
Bremen— March 27— Ehrenlels,
7,380 upland, 101 Sea
Barcelona— March 23— Teresa 3 ,424
Trieste— March 23— Teresa, 200
Bomba\ March 23— Teresa, 250
NORFOLK— To Glasgow— March 26— Indrani, 935
BOSTON— To Liverirool— March 23— Cymric, 128
March 26
To Yarmouth March 20 Boston, 222
2,796
7,481
Isl.
3,424
,
200
250
935
128
—
—
—
— Bos-
687
100
250
ton, 465
BALTIMORE— To Liverpool— March 23— Templemore, 100
To Bremen— March 28— Cassel 250
PHILADELPHIA— To Rotterdam— March 19— Peimmanor,
March 24— Canadia, 275
SEATTLE— To Japan— March 20— Kanagavva Maru, 4,036
,
100
375
4,036
85,421
Total
The particulars of the foregoing shipments for the week
arranged in our usual form, are as follows:
Galveston .-- 2,060
Pensacola
1,350
Savannah --_ 2,796
Norfolk
935
Boston
128
Baltimore ._100
Pliiladelphia
Seattle
Japan
Total.
16,845
37,521
9,043
1
,350
14,151
3,874
7,481
687
935
815
- - -
350
375
250
375
-
Total
30,411
3,482 31,631
6,455
8,719
.-- 4,036
4,036
687 4,036
85,421
Japan since Sept. 1 have been 82,801 bales
ports and 12,950 bales from New York.
The exports
from
-—0th
Ger-
many.
ports.
New York.-- 4,842
New Orleans -18, 200
—
.Europe
Mex.,
&c.
North. South.
804 4,845
275 6,079
1,500
17,821
3,207
3,776
French
Great
Britain
Pacific
to
Cotton freights at
New York
the past week have been as
follows:
Liverpool
c.
Manchester
c.
c.
Havre
Bremen
c.
Hamburg
c.
Antwerp
c.
Ghent v Ant--C.
Reval, indirect-c.
Reval, V. Canal .c.
Barcelona, May -c.
Sat.
Mon.
Tucs.
Wed.
Thurs.
Fri.
18
18
17@18
17@18
17@18
17@1S
17@18
17
17
17
n27
20
a27
20
a27
20
17
a27
17
a27
20
0,27
20
25
20
26
32
20
25
22@25
22@25
22® 25
22© 25
20
26
32
20
26
32
20
26
32
20
26
32
20
26
32
23 ©24
18
23@24
23 ©24
23@24
18
18
18
34
23
23@24
18
18
Trieste
34
34
Japan, prompt-C.
55
55
Quotations are cents
Its pe
perr 1100 lbs.
Genoa
c.
c.
LIVERPOOL. — By
34
34
55
55
55
a And 5 per cent.
34
55
Liverpool we have the
following statement of the week's sales, stocks
&c., at
that port:
March 9. March 16. March 23. March 30.
63,000
57,000
Sales of the week
60 000
bales- 88,000
cable from
Of whieli exporters took- .
Of which speculators took
Sales
American
Actual export
Forwarded
—
2,000
5,000
75,000
4,000
89,000
1 05 ,000
Estimated - - 1
Of which American— Est-972,000
Total stock
,
Total import of the week--. 87,000
Of which American
56,000
Amount afloat
265 ,000
Of which American
202 ,000
4,000
2,000
47,000
9,000
75,000
1,118,000
991 ,000
97,000
80,000
222,000
161,000
3,000
4,000
53,000
9,000
96,000
1,123,000
995 ,000
111,000
74,000
192,000
162,000
]
1,000
2,000
49,000
8,000
64,000
,104,000
981,000
53,000
46,000
196,000
144,000
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Spot.
Market
12.15
P. M.
1
\
J
Saturday.
Monday.
Tuesday.
Wed' day.
Thursday.
Fair
business
doing.
Fair
business
doing.
Moderate
Fair
business
doing.
lair
business
doing.
demand.
Mid.Upfds.
6.05
6.05
6.04
6.06
6.05
Spec.&e.xp.
8,000
1.000
12.000
2,000
8.000
1.000
12.000
1.000
14,000
2,000
Steady at
Steady at
Steady at
Futures.
3@4
Market
opened
/
Market
1
4
P.M.
The
pts.
advance.
Quiet at
2® 4
pts.
aavance
Quiet at
Steady at
point
3 points
3 points
decline.
decline.
advance.
1
Wed.
Thurs.
Tues.
Fri.
Mon.
March 26. March 27. March 28. March 29. March 30.
\2H
1
12M
4
(1.
il.
(1.
(/.
12H
4
(i.
,1.
3®4
\
March
. 5
91 5 88
Mch.-Apr. 5 91 5 88
•Vpr.-Mav. 5 91 5 90
.May-June 5 92 5 92
June-July 5 93 5 93
July-.\ug- 5 94 5 94
^
.\ug.-Sep- 5 91 5
Sep.-Oct . 5 72 5
Oct .-Nov 5 67 5
Nov. -Dec. 5 66 5
Dec.-Jau- 5 66 5
Jan.-Feb- 5 68 5
91
73
68
67
67
68
5 87 5
5 87 5
5 88 5
5 90 5
5 92 5
5 93 5
5 90 5
5 72 5
5 67 5
5 66 5
5 66 5
5 67 5
89
89
90
92
94
95
92
73
68
67
67
68
i
:iC*4 pts.
,
Quiet unch B'r'ly sfy B'r'ly st'y B'r'ly sty;
uncli, to II
at 6 pts.
at 5@6
to 1 pt.
decline.
advance.
advance.
pt. dec.
decline
Weak
at
pts.
decline.
5@8
d.
4
I2>i
4
12>i
91 5 91 5
72 5 72 5
67
66
66
67
67
66
66
67
5
5
5
5
d.
d.
88 5 89 5
88 5 89 5
89 5 90 5
91 5 92 5
93 5 94 5
94 5 95 5
5
5
5
5
d.
:
d.
87 5 88 5 85 5 81
87 5 88 5 85 5 81
88 5 89 5 86 '5 82
90 5 91 5 88 5 84
92 5 93 5 89 5 85
93 5 94 5 90 5 86
89 5 90 5 87,5 S3
71 5 72 5 70 5 67
66 5 67 5 65,5 61
65 5 66 5 64 5 60
65 5 66 5 64 5 60
66 5 67 5 65 5 61
1
BREAD3TT.TFFS.
W
Friday, March
1906.
have ruled steady with the demand
very light. Occasional car lots are being taken, but as the
mills have not been offering freely the market has held up
very well. The buying has been confined principally to
low-grade winter fiour. Advices from Minneapolis report
a slow improvement in the demand there with values generally
firm, although it is rumored that some of the mills would
reduce prices of spring patents if they could secure orders
for large amounts.
But stocks are large at all of the important milling centres, and with the weakness in the wheat
markets there is little disposition to buy except on a handto-mouth scale. The increased demand from interior dealers reported last week proved to be only a temporary improvement. Corn meal has been dull at some decline in
prices.
Rye flour has been in small demand and steady.
Wheat has declined during the week, mainlj^ owing to a
declining trend of the foreign markets, more favorable
weather, optimistic crop reports from the Southwest, large
Northwestern receipts, liberal shipments from Argentina,
increased estimates of the Australian crop, the lack of export
demand and the fact that so far as the speculation is concerned it has been for the most part of a professional characMoreover, stocks of flour are large, while the demand
ter.
is small.
The cash trade at the Northwest has been light
and Liverpool has reported cheaper offerings of late from
Not only has the foreign de"both Duluth and Manitoba.
mand been on a very light scale, but the exports of both wheat
and flour have been noticeably small. Northwestern interests have been selling at times in Chicago, and about the
only check on the decline has been some apparent tendency
To-day there was some recovery
to overdo the short side.
of prices despite renewed depression in the English and Continental markets, a continued liberal Northwestern movement of the crop and the dulness of the export trade. In
the Ohio Valley excessive rains were reported, Southwestern
markets were stronger and France was buying Argentina
wheat, a fact which leads to the inference among some that
the French supply of good wheat is not particularly large.
DAILY CLOSING PRICES OF WHEAT FUTURES IN NEW YORK.
Prices for
wheat
fiour
Sat.
Mon.
Tues.
Wed. ThurK.
Fri.
88M 87H 87H 88%
86
May dehvery in elevator
85 Ji
85M 85H 84^ 85
84
833-^
July dehvery in elevator
S^Vs 84
83M 83>g
September delivery in elevator-- 83^ 82 J^ 82 Ji 82H 82?^ 82%
DAILY CLOSING PRICES OF WHEAT FUTURES IN CHICAGO.
No.2redwinter
89H
Sat.
Mon.
Tues.
May dehvery
78J^
77J^
7754
77^
76^
77J^
775^
7614
7&li
in elevator
88?^
77H
77H 77^
Indian corn futures have weakened
July dehverV in elevator
September dehvery in elevator--
Wed. Thurs.
77^4
77Ji
77
Fri.
77J|
77J^
77H
owing to a
at times
decline in wheat, the dulness of the cash markets, smaller
exports and liquidation, but of late the market has rallied
owing to small receipts at the West, especially of contract
grade; a belief that owing to the bad condition of the roads
the crop movement will continue light for some time to
come, reports of a better cash demand at advancing prices,
support from bull interests at the West and covering of
The exports from the seaboard of late have been
shorts.
To-day prices advanced owing to the rise in wheat,
larger.
covering of shorts and light receipts and offerings.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN NEW YORK.
Fri.
Sat. Mon. Tues. Wed. Thurs
Cash corn
May dehvery
May dehvery
Quiet at
pts.
decline.
d.
8(5 5 83 5
5 86 5 83 5
5 87 5 84 5
5 89 5 86 5
5 91 5 88 5
5 92 5 89 5
5 88 5 86 5
5 70 5 67 5
5 65 5 62 5
5 64 5 61 5
5 64 5 61 5
5 65 5 62 5
Fair
business
doing.
10.000
1,000
4
5
Friday.
C.03
12K
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
51
in elevator
51
in
elevator
delivery
51
July
September delivery in elevator-- 51 V^
prices of futures at Liverpool for each daj^ are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
below.
24.
Sat.
Branch, 1,441
upland, 1,355 Sea Island
To
To
To
To
91-100(1.
March
—
—
SAVANNAH— To
Thus 5 91 means 5
The prices arc given in pence qnd 100th s.
Tolttl balcK.
NEW YOHK—To
Vol. lxxxii.
I
51
51
50?^
50^
50^
51H
50?^
51H
51
50H oOH
51M
50 J^
52
51
51
51M
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
in elevator
July dehvery in elevator
delivery
in elevatorSeptember
Oats for future
51
Sat.
Mon.
Tucs.
44
44^^
iSVs
44^
43^
44H
44M
44?|
44 ?4
51)^
51J4
Wed. Thurs.
Fri.
4:i}4
44%
44J^
44>^
44}^
44?i
4414
44J^
4414
deliver}- in the Western market showed
in the week, owing to the decline in
some depression early
wheat, dulness in the cash markets, milder weather and
Towards the close of the week,
attacks from bear traders.
however, prices have been strenghtened by support from
prominent Chicago operators, light receipts, reports of a
better cash demand at advancing prices and covering of
At the West weather conditions have not been
shorts.
favorable for drying out the fields nor for early seeding of the
new crop. Strong Western interests are reported to be
heavily committed to the bull side.
To-day
tiie
market
—
—
Mar. 31
.
THE CHRONICLE.
1906.]
763
was firmer owing to bull support, moderate receipts, reports Bleached goods have moved in fair quantities and spots are
stronger owing to the small stocks carried by mills; re-orderof a good cash demand and covering of shorts.
ing is proceeding satisfactorily.
Coarse, colored cottons,
DAILY CLOSING PRICES OF OATS IN NEW YORK,
such as ticks, denims, &c., are still sold up for some months
Sat. Mon. Tues. Wed. Thurs.
Fri.
35M 35 M 35% 35 M 35^ 35}^ ahead, and while agents are not talking of advances, it is
No. 2 mixed
36^ 36 M 36 >i 36 Ji 35 M 35 H probable that spots, if available, would command a premium.
No. 2 white clipped
DAILY CLOSING PRICES OF NO. MIXED OATS IN CHICAGO. The demand for kid-finished cambrics and cotton linings
Canton flannels and cotSat. Mon. Tues. Wed. Thurs.
Fri. generally is considerably stronger.
301^ 30H ton blankets have felt the effect of higher cotton and recent
30^
305^
Mav delivery in elevator
29 M
2Q%
29 M
29 H
29 H irregularities have disappeared.
July delivery in elevator
A satisfactory feature of
Septeml)er delivery in elevator.- 28M 28 M
28H 28 >^ 28"^ 28^
the print division is the demand for export to South America
The following are closing quotations:
and the Philippines, while in the home trade the outlook for
FLOUR.
fall goods is excellent, buyers having inquired freely about
82 75@$3 25 Kansas straights
$3 70® ?3 80
Low grades
Ginghams have
these before lines have even been opened.
2 40® 2 60 Kansas clears
3 00(5i 3 25
Second clears
4 50(oi 5 00 been in good rec{uest and as prices are relatively cheap there
3 60® 3 80 Blended patents
Clears
Straights
3 75® 4 00 Rye flour
3 50 (a 4 20 has been some talk of advances.
Converters have been
Nominal.
3 95® 4 15 Buckwheat flour
Patent, spring
operating with some freedom in the print cloth market and
4 25® 4 35 Graham flour-.,
Patent, winter
3 25® 4 00
are unchanged, with regulars nominally quoted
4 10 Cornmeal
Kansas patents
2 55® 2 65 prices
3 95
at 3Mc.
GRAIN.
WOOLEN GOODS.— The men's wear woolen and worsted
Corn, per bush.
Wheat, per bush.
c.
Western mixed-.
N. Dul., No. 1..
f.o.b. 871^1
52
heavy-weight market is very quiet at present, as initial buyNo. 2 mi.xed
N. Dul., No. 2..
f.o.b. 85K
f.o.b. 52
ing is over and clothiers' salesmen are not yet ready to report
No. 2 yellow
f.o.b. 88J^
f.o.b. 53
Bed winter, No.i2
on conditions. The situation will probably be a trying one
No. 2 white
f.o.b. 84J^
f.o.b. 53
Hard "
Rye, per bush.
Oats — Mixed, bush. —
for them in that they are likely to find retailers with large
Western
Nominal.
35 J^
White
stocks left over owing to the exceptionally mild season.
State and Jer.sey.
No. 2 mixed
Nominal.
35}^
Staple goods have been taken with some freedom but fancy
49£'56
No,i2 white, .clipped
S5H Barley — Western -.
Feeding
41
worsteds and woolens have met with an indifferent sale.
EXPORTS OF FLOUR AND GRAIN FROM PACIFIC Some satisfaction has been gained, however, from the fact
PORTS. The exports of grain and flour from Pacific ports that orders for the latter which had been canceled have
for the week ending March 29, as received by telegraph, have been replaced, and it is hoped from this that the re-ordering
been as follows: From San Francisco to Pacific ports, 5,746 period may place them in a better position than they preMercerized worsteds have sold well and it is
barrels flour, 1,000 bushels wheat, 3,500 bushels corn and viously were.
I
—
2,500 bushels barley.
Combining these figures with those for previous weeks,
we have the following, which covers the exports to foreign
countries for the period since July 1 1905, comparison being
the corresponding period of last year:
made with
Export.^ from
—
Flour,
Wheat,
Corn,
bbls.
bush.
bush.
San Francisco-- 384,138
Puget Sound .-.1,540,000
Portland
870,000
Barley, Ri./e,
Oats,
bush.
bush. bush.
1,669 2,005,058
267,031
42,500
6,375,000 106,862 251,916
5,263,152
32
315
179,200
325,655
Total
2,794,138 11,905,183 149,362 253,617 2,509,913
315
Total 1904-05 --2,034,951
4,489.076 152,343 547,146 4,457,842 1,268For other tables usually given here see page 731.
THE DRY GOODS TRADE.
a noticeable fact that the higher class trade is now beginning
to realize the advantages that these possess and to place
While the dress goods market has
their orders accordingly.
been active, there has been little change in the character of
business, the same cla.sses of goods being the most popular
Broadcloths continue to sell well, as
as in the recent past.
do the plain staples of a sheer character. Light-weight
woolen goods, such as batistes, taffetas, &c., are meeting
with a ready demand and manufacturers of cotton dress
goods are taking orders into next year.
FOREIGN DRY GOODS,— Imported woolen
and worsted
dress goods are selling freely and the business passing is emiFurther advances have been
nently satisfactory to agents.
made but the demand continues unchecked. Silks are quiet
but ribbons are moderately active. Further advances are
reported in linens and complaints of slow deliveries are genBurlaps continue firm and in small supply.
eral.
New York, Friday Night, March 30 1906.
The firmness noted in the cotton goods market at the end
of last week became more pronounced during the present Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
week and, with a larger business passing, the whole situation
has undergone an improvement. This has been primarily at this port for the week ending March 22 1906 and since
brought about by the firmer tone exhibited in the raw ma- Jan 1 1906, and for the corresponding periods of last year,
terial market, causing buyers to make inquiries which re- are as follows:
ts
W
S
vealed the inherent strength of the piece-goods situation.
g
MtTJSCO
in
H
^H
Buyers who started to look for spot goods found them diffi- H
^
n
;:;o
o
O
O
^
c
p
o C
?»
cult to obtain.
Manufacturers of the more prominent lines, p 1^-^
t^y.
o p
p
^»—
oi^S
o
3
3
5which are already well sold ahead, have booked further good
SI
3
e
S=
ft!
(T>
n>
s^
?0
CD
1
'
advance orders, buyers feeling that the situation is sufficiently safe to warrant them covering their requirements at
current prices for at least the next two or three months.
Spot bleached goods have been decidedly stronger but in
other divisions of the market agents have adopted the policy
of holding steadily to present prices, believing that better
results will be attained by so doing rather than by attempting to stimulate trading by advancing their lines.
This atti-
apparently appreciated by purchasers, who have
shown a disposition to take advantage of the situation. The
export demand, which is being eagerly watched, has continued insignificant and Chinese buyers have shown little interest in the course of the market.
Tlio men's wear woolen
and worsted department has been quiet but selling of fall
•,
dress goods has proceeded briskly.
••;^
,;,
DOMESTIC COTTON COODS.— The exports of cotton
goods from this port for the week ending March 26 were 2,989
packages, valued at $189,382, their dostiiuition being to the
points specified in the tables below:
tude
is
3
o
o
O
3
CO
o
I
1
n>
%
.
o
O
'
1
O
3
to
W
H
in
'
'
.^
NO 00
<i
OMtOl^W
O b>V
W~JO^00
cco>
oo> OWtDi— M
to
I
I
I
.
to
00*.
OCD
wto
0)to
s;
H
pi
3
1—1
1—
00
to»
4^
C0 05
o
CO
ts
>
o''
o>o
W ^
05^
o
^ o^
M to
oo*.
W
OOt
— to
O
COCDW
50C0*.
q
CB
1
«5
Ol
M
O
o
I
,
p
3^
1
3:
•O
I
,
-1
xn
C
I
.
^ ss
3
g!
'
I—. _t.
IL'
(T P3
MO
OC-i
MIO
00 to to Cn to
003 tOCS to
to
— Cn to M
o
W
o
d
to
M
Oi to
M
4^cocowcn
4iCO*.05M
WWOOOto
4^c;tMoto
4^ Cn to 03 05
— toos
— cobo
OCOO — 4» W
— to to — 05
OiCn
toCnCnMO
bo'to
M"to0CO4».
— CO 00 to 4^
^93 o
r;
coV
g
v?*,Q n:jo
^~§3'
re
•
OOtOMtOOO
O
...:,iiil.;
1905
Since
Since
New
York- to
March
26.
Week.
Jan.).
Week.
.Tnn.X.
76
12
247
520
14
3
1,491
43
27,134
3,629
232
172
36,822
Great Britain
Other European
China
India...
Arabia
Africa
West Indies
Mexico.
Central America.
South America.
Otlicr countries
Total
The value
2,470
5,682
677
6,787
75
505
51
658
293
828
288
4,128
14,489
3,510
257
4,155
15,374
4,015
2,989
of these
$3,90(i,99;< in
New York
8,221
70,535
OT *.
COW
coco
oto
1
1,7.39
526
4,758
exports since Jan.
1
CSC"
w ^00
OS CO CO MtO
I0 4..>(>' it^CO
— *.
o oco MtOO
en — WX coco
COOM<
CO
03 en toe
00 —
as
'—
>
w
M
a
o
Cl
a:
M
O
W 30
OM
M to
4^tn
O
*.
OM
4^
MOl
W
aa>
CO
V>4^
— CO
to
>;..
— cowM
i^o — tooo
CnOOil^OM
4^
Cl
CO
-J
00
00
to
1^.
COM
oco
to Cn W
MO
— 05 W
Cm M M W
OM
.-OM4^4'
coot
ti ^- O 4^ 4^
CO 10
CO XCOMQO
00 O:
OMOWOJ
—
O
toco
^
to
to
CO
'4.-
CO
M—
w
O
w
eo
OOMtoW to
Oi 0»
WW
OM—
4^ to
CD
4^
OJOJ
Or-
4..
4i.
4^
— to to
WC0 4^ Oi Oi
COMCOOCO
0>O
lb.
00
4^
V—
w
Cn»
W
to
OtO
WOO
Ul
MM
o
CO
!«».
IX>
—
04»
OOO
— woo —
OOO — WM
05C0
05W
OOOM — 00
lt»IO
4^
OOCOOOOJO
4^ OO^ 030
oi- 00O3 w
CnOM'cDM
00
4^
00
M
M cn W
oo
CTi
i«»
-
S
to
w
M
4^
MO3WW00
4^WWCOlO
Oi
— lOCnOi
-
ts
G
O P
^O
to
H
W
S^
— to
n 00 00
to — W — Oi
to to
-
-
-
cn Oi
OOMMi-OO
!>
?r
(Q
Jo
re
COO-
-^
> g
CO
fo
b>
OS
— 4» 00 M to
MOiOilO W
Oi Oi
Oi Cn
Oi 01 to O W
to
4>.
-
-
-
-
-
rf*.
5
OM W
to
.aa -i w
"
C
"^
i^
re
cr.«
CnCnOocO
— 4i.,^M«0
owioco—
-1004^0
>tk
cOMwcnoo
bocc
»I
MM—W
4^4^10 09 00
10
_—
S<5
»
.
e„^
M
4^0 CO
J'^
— WW „£.—
W OJCOOHO <"?
CO
b-MCnJO
MM—
OiOOOiMOO
>
Si
^CC
COO!
OiOO
C3i
00
O
a;
-^
M
X—O
4>. >0o
re
to
to
Oi CO
CO Oi
HI
ts
o
Oi
-
g
W
OOO
WM
MJk
-
CO
W
in
*A
*P
CO
H
WCn04'4^
0010 010 01
r-''
0C4>- Wtn 00 i-S,--1 OCO Oil' *"2^CO
'cO
Oi
1906, against .'$4,164,402 in 1905.
0>4^
a w
CO
<~
o
C)
o
ffi
has been
Coarse cottons have felt the advance in the cotton market
more than other lines and have been much more firmlj'^ held,
the recent weakness having entirely disappeared.
There
has. so far, not b(>en'mu{'h improvement in the demand for
heavy drills and sheetings but inquiries have been more
numerous.
Light-weight sheetings have .sold more freely
at recent figures and prices have remained very steady.
It)
O
S)
4iO
O 05(&.
MM
to
M
O in CO
OOiOOOM
i< o;
Cn
OW
OOMCn
in 0<
S!
4..
"cOM'.t.'tO
to 00 CO
CO Oi CO iT CO
c!
,9;J5
77,395
r-OOlO *.io
t M
CO-^
4,613
2,632
954
100
320
CO
Oi*'
•
1906
o
o
.^
g
r
y^
THE CHRONICLE.
764
Br^rt ^vn City jitfAi^witm.
News
Kentucky. — Legislature
Items.
Adjourns.
— The
Legislature
of
[VOi. LXXXII.
mond, City Auditor. Bids to be made for bonds bearing
interest at not exceeding 4i/^%.
Authority Chapter 155,
Laws of 1905. Denomination -SI, 000. Date July 1 1906.
Interest Januarj- and July at the Chemical National Bank
in New York City.
Maturity twenty years, subject to call
after ten j'cars.
Bonds are exempt from all taxes. Certified check for .SI ,000, payable to the City Auditor, is required.
Abilene, Kan.
Bond Election. An election will be held
in this city April 3 to vote on the question of issuing $6,000
—
—
convened in special session on March 14 to consider
revenue bills not passed at the regular session finally adjourned on March 26.
park bonds.
Maryland. -^aSh/c oj Ballimore & Ohio Stock. On March 28
Altoona, Pa. Bonds A'ot to Be Issued al Present. We are
the Board of rubli(! Works sold the entire interest of the informed that no action will be taken at the present time
State of Maryland in the 5,500 shares of the capital stock of in the matter of Issuing the $300,000 reservoir and the
the Washington branch of the Baltimore & Ohio RR. Co. to $100,000 street, avenue and highway-improvement bonds
the Maryland Trust Co. of Baltimore for $2,500,000, or voted on Feb. 20.
See V. 82, p. 468.
$454 54 per share.
Annapolis, Md. Bonds Proposed. This city seeks legisthis State
—
—
Provo, Utah.— i^ond Issue Enjoined.
taken from the Salt Lake "Tribune":
—The
—
following
is
—
IPProvo, MarchllT. In the casefot J. WJN. Wliitecotton vs. J. H. Frisby. as
Mayor, el al. to enjoin the Issue of 891.000 in bonds, which was voted tor in August
last. Judge Booth of the I^'oiu-th District Court ruled to-day that the notice of
election for the purpose of voting on the issuance of §35.000 in water-works and
$56,000 in electric-liglit bonds was sumcicnt, but the election was illegal in that
the ballot did not provide a way to vote for one without voting for both. The
demurrer to the complaint was overruled and the defendants declined to further
plead.
This means that the injunction will issue by default and the matter will
be taken to the Supreme Court on the record;as it has been made, and will be made
by the issuance
of the injunction.
The bond
20 to N.
W.
issues referred to above were awarded on Nov.
See V. 81, p. 1626.
Harris & Co. of Chicago.
Bond
—
Calls
—
Chicago, 111. Bond Call. L. E. McGann, City Comphas called for payment numerous special-assessment
bonds aggregating $454,368 18, a full list of which will be
found in the Chicago "Journal" for March 21.
troller,
—
Dallas County (P. O. Buffalo), Mo. Bond Call.
Payment
be made April 12 by the County Treasurer of school bond
No. 1 for $100.
Denver, Colo. ^Bond Call. C. W. Badgley, Treasurer,
called the following bonds for payment March 31:
STORM SEWER BONDS.
will
—
Broadway Storm Sewer
Dtst. No. 1 bonds Nos. 63 to 70 inclusive.
Capitol Hill Storm Sewer Dlst. No. L bonds Nos. 276 to 345 inclusive.
Sub. Dlst. No. 5 of the Capitol Hill Storm Sewer Dlst. No. 1, bond No. 7.
Sub. Dist. No. 9 of the Capitol Hill Storm Dlst. No. 1, bonds Nos. 1 to 9 inclusiye.
Sub. Dist. No. 11 of the Capitol Hill Storm Sewer Dist. No. 1, bonds Nos. 8 to 12
Inclusive.
Sub. Dist. No. 15 of the Capitol Hill Storm Sewer Dist. No. 1, bonds Nos. 8 and 9
inclusive.
Sub. Dist. No. 17 of the Capitol Hill Storm Sewer Dist. No. 1, bond No. 4.
Sub. Dist. No. 18 of the Capitol Hill Storm Sewer Dist. No. 1, bonds Nos. 9 and 10
Sub. Dist. No. 19 of the Capitol Hill Storm Sewer Dist. No. 1. bonds Nos. 11 to 14
Inclusive.
Sub. Dist. No. 20 of the Capitol Hill Storm Sewer Dist. No. 1. bond No. 17.
Sub. Dist. No. 21 of the Capitol Hill Storm Sewer Dist. No. 1, bonds Nos. 7 and 8.
Sub. Dist. No. 22 of the Capitol Hill Storm Sewer Dist. No. 1, bonds Nos. 17 to It
Inclusive.
Sub. Dist. No. 23 of the Capitol Hill Storm Sewer Dist. No. 1, bond No. 7.
Sub. Dist. No. 24 of the Capitol Hill Storm Sewer Dlst. No. 1, bond No. 11.
SANITARY SEWER BONDS.
f'
North Denver Sanitary Sewer Dist. No. 4, bond No. 14.
North Denver Sanitary Sewer Dist. No. 5, bonds Nos. 1 to 5 incluslv*.
Sixteenth Street Sanitary Sewer Dist.. bond No. 14.
South Side Sanitary Sewer Dist. No. 3, bonds Nos. 9 and 10.
West Colfax Avenue Special Sanitary Sewer, bonds Nos. 1 to 7 inclusire.
SIDEWALK BONDS.
,
i
No.
No.
No.
1,
SURFACING BONDS.
GRADING AND CURBING BONDS.
Capitol Hill Grading and Curbing District No.
1,
1, bonds Nos. 168 to 270 lnelu«tT«.
bonds Nos. 39 to 65 inclusive.
VIADUCT BONDS.
•
Iberia and St.
bonds Nos.
—
—
Mary Drainage
District, La.
Bond Call.
of this district have drawn for payment
10, 52, 53
—
No
a
—
check enclosed as required
—
—
Belding (Mich.); School District No. 9. BondfSale. This
district on March 21 awarded the $8,000 5% 2-9-year
(serial) coupon school bonds described in V. 82, p. 647, to
W. E. Moss & Co., of Detroit, at 103.312 and blank bonds.
The bids were as follows:
W. E. Moss & Co., Detroit.. a. S8. 265 OOlHoehler & Cummings, Toledo.. $8, 23 7 50
Denison & Farnsworth. Cleve.. 8,293 60lH. W. Noble &Co., Detroit
8,225 50
A. B. Leach & Co., Chicago
8,265 50 Security Sav.Bk.& Tr. Co., Tol. 8,225,00
W.J.Hayes &Sons, Cleveland. 8,263 00 S. A. Kean, Chicago
8,088 00
N. W.Harris & Co., Chicago... 8,260 00 C. H. Coffin, Chicago
8,08100
Rudolph Kleybolte & Co., Cin. 8,255 00 Union Trust Co., Detroit
a8,076 80
Otis & Hough, Cleveland
8.247 601
And blank
bonds.
—Bond
Sale.
— The
4%
75
00
00
00
80
OO
00
Bonds are dated Feb. 1 1906. Interest semi-annual.
Bond Sale. On the same day (March 22) the Sinking
Fund Trustees awarded the 13 issues of street-improvement
and sewer bonds aggregating $9,000 97 and described in
V. 82, p. 585, to the Security Savings Bank & Trust Co. of
Toledo at 106.166 and accrued interest. The bids were as
follows:
Security Sav.Bk.& Tr .Co., Tol .oS9, 555597 Dollar Savings Bank,
W.J. Hayes* Sons, Cleveland 9,557 00 First National Bank,
1
1
Bellaire. a$9, 300 97
Bellaire. a9.300.97
Brighton-Germ .Bk. Co., Cin.. a9, 455.971
a
And accrued
interest.
—
Bond
18.
Proposals will be received until 10:30 a. m. April
Offering.
7 by C. O. Kelso, County Treasurer, P. O. Prosser, for a
$800 10-year coupon school-building bond at not exceeding
interest.
Interest annually at the office of the County
The district has no bonded debt at present.
Treasurer.
Assessed valuation for 1905, $20,000.
..-J
J
Benton County (Wash.) School District No.
—
6%
j:
Fourteenth Street Viaduct Bonds, Nos. 497 to 708 inclusive.
The Commissioners
—
—
bonds Nos. 11 to 22 inclusive.
bonds Nos. 14 to 28 Inclusive.
North Denver Grading Dist. No.
—
Tex. Bonds Registered. The State Compon March 20 registered an issue of $14,000 5% 20-40year (optional) water- works bonds, dated Dec. 20 1905.
Bay City, Mich. Bids. The following" bids, all of which
have been referred to the Ways and Means Committee for
action, were received on March 26 for the $25,000 4% 10year refunding water-works bonds described in V. 82, p. 647:
S. A. Kean, Chicago
oS25,3o0 001 A. B. Leach & Co., Chicago... S25, 057 00
Seasonguod & Mayer, Cincin.. 25,251 00 W. R. Todd &Co., Cincinnati. 25,010 00
BayCity Bank. Bay City
25,102 50 W. J. Hayes & Sons, Cleveland 24,815 00
N. W. Harris & Co., Chicago.. 25,063 OOlDenison & Farnsworth. Cleve. 24.775 00
Ballinger,'
troller
t
W
Inclusive.
—
1
PAVING BONDS.
1,
—
Bonds to Be Offered Shortly.
Atlantic Highlands, N. J.
are advised that the $6,000 5% water bonds voted on
March 1 will soon be put on the market. See V. 82, p. 585.
Bond Sale.— On March 27 the $12,000 5% 10-year electriclight-plant bonds described in V. 82, p. 710, were awarded to
Lawrence Barnum & Co. of New York City at 103.75.
We
i
2,
3,
Alley Paving Dist. No. 2, bonds Nos. 13 to 18 inclusive.
Broadway Paving Dist. No. 1, bonds Nos. 53 to 64 inclusive.
Champa Street Paving Dist. No. 1. bonds Nos. 59 and 60.
Colfax Avenue Paving District No. 2, bonds Nos. 16 and 17.
Eighth Avenue Paving Dist. No. 1. bonds Nos. 23 to 30 inclusive.
Grant, Logan and 7th Avenues Paving District No. 1, bonds Nos. 6 to 8 ineloctra.
Lower 16th Street Paving Dist. No. 1, bonds Nos. 18 to 21 Inclusive.
Twentieth Avenue Paving Dist. No. 1, bonds Nos. 5 and 6.
Water Street and West 23rd Avenue Paving Dist. No. 1 bonds Nm. 10 to
2,
—
Weil, Roth & Co., Cinciimati.S10,260 OOlOtis & Hough, Cleveland
S10.185
Dollar Savings Bank, Bellaire. 10,250;oOLamprecht Bros. & Co., Cleve. 10,177
Breed & Harrison, Cincinnati. 10,233 50|Secur.Sav.Bk.& Tr.Co.. Tol.. 10,175
Denison & Farnsworth, Cleve. 10,227 001 W. J. Hayes & Sons, Cleve... 10,148
Rudolph Kleybolte1& Co., Cin. 10,205 50 Seasongood & Mayer, Cincin.. 10,143
Union Sav.Bk.& Tr. Co., Cin. 10,200 00 Brighton-German Bk. Co. .Cin. 10,095
Hoeliler & Cummings, Toledo. 10, 196150 First National Bank, Bellaire. 10,000
All bidders offered accrued interest in addition to their bids.
bonds Nos. 67 to 90 inclusive.
bonds Nos. 41 to 60 inclusive.
bonds Nos. 45 to 51 inclusive.
Dist. No. 1, bonds Nos. 29 to 34 inclusive.
East Denver Improvement Dist. No. 1, bonds Nos. 36 to 41iinclusive
Grant Avenue Improvement Dist. No. 1, bond No 34.
High and Race Streets Improvement Dlst. No. 1, bond No. 18.
Mount View Improvement Dist. No. 1 bonds Nos. 10 to 13 inclusive.
Ogden Street Improvement Dlst. No. 1, bond No. 3.
South Broadway Improvement Dist. No. 1, bonds Nos. 37 to 39 IncluslT*.
South 14th Street Improvement Dist. No. 1 bonds Nos. 13 and 14.
Surfacing Dist. No.
Surfacing Dist. No.
—
Sinking Fund Trustees
10-year refunding bonds
to Weil, Roth & Co. of Cincinnati at 102.60 and accrued
Following are the bids:
interest.
IMPROVEMENT BONDS.
Capitol Hill Improvement Dist.
Capitol Hill Improvement Dist.
Capitol Hill Improvement Dist.
East Capitol Hill Improvement
6%
on March 22 awarded $10,000
Sidewalk Dist. No. 8, bonds Nos. 10 to 14 inclusive.
Sidewalk Dist. No. 9 bonds Nos. 10 to 13 inclusive.
Sidewalk Dlst. No. 10, bonds Nos. 26 to 31 inclusive,
Sidewalk Dist. No. 12, bonds Nos. 7 to 9 inclusive.
South Bro.adway Sidewalk Dist. No. 1 bonds Nos. 11 to 16 inclusive.
South Broadway Sidewalk Dist No. 2. bonds Nos. 5 to 9 inclusive.
L
—
—
Bellaire, Ohio.
Mount View Sidewalk Dist. No. 1, bond No. 2.
Sidewalk Dist. No 5, bonds Nos. 11 and 12.
I
—
Appanoose County Drainage District No. 1, Iowa. Bond
R. J. Baker, Countj'^ Auditor, will sell at public
Offering.
auction at 1:30 p. m. April 3, at his office in Centerville,
intere.st.
$30,000 drainage bonds at not exceeding
DeCertified check or cash deposit of
nomination $1,000.
$1 ,000 is required with each bid.
a
H
i;
—
Anne Arundel County, Md. Bonds Proposed. A bill now
before the State Legislature authorizes this county to issue
bridge and funding bonds.
1
Central Sidewalk Dist^ bonds Nos. 8 to 10 inclusive.
Capitol Hill Sidewalk Dist. No. 1 bonds Nos. 7 to 14 inclusive.
East Capitol
11 S dewalk Dist. No. 1, bonds Nos. 4 to 6 Inclusive.
"
—
authority to Jjorrow $25,000.
lative
Bonds Proposed. It is stated that
Atlantic City, N. J.
the Board of Education has recjuested the City Council to
issue $65,000 school-building bonds.
and Redemptions.
—
—
and 89.
Bexar County, Tex.
•
— Bond Sale Not Yet Made. —Replying
to our inquiries regarding the reported sale to the State
refunding bonds of this
School Fund at par of $257,000
county, we are informed by the County Treasurer under date
of March 21, that "the deal has not yet been consummated
but we expect the State School Fund to buy the entire
4%
,
Bond Proposals and
hare been as follows
Aberdeen, S. D. Bond
—
Negotiations
—
this
week amount."
Further details are at
Offering.
hand relative to the offering on April 9 of the $75,000
coupon sewer bonds mentioned in V. 82, p. 710. Proposals
will be received until 6 p. m. on that day by F. W. Ray-
—
—
Big Stone Gap (Va.) School District. Bond Sale. This
on March 1 an issue of $15,000
5% 20-year bonds to Albert Kleybolte & Co. of Cincinnati.
Denomination $500. Date April 1 1906.EInterest April
district sold at private sale
and October.
MAE. 31
THE CHRONICLE.
1906.J
—
— A temporary loan of
Temporary Loan.
Braintree, Mass.
$35,000 was recently negotiated with
Bond & Goodwin
of
765
—
Floris School District, Davis County, Iowa.
Bonds
Reports state that this district has authorized an
Voted.
issue of school-building bonds.
—
Boston at 4.40% discount. Loan matures Dec. 8 1906.
Temporary Loan. This county
Franklin County (P. O. Carnesville) Ga. Bond Sale.
Bristol County, Mass.
recently borrowed $40,000 from Bond & Goodwin of Boston This county recently awarded $40,000 43^^% court-houseLoan runs for seven building bonds to the Robinson-Humphrey Co. of Atlanta
at 4.40% discount and $1 premium.
Denominations $1,000, $2,000 and $5,000. Date
months.
at par.
Bond Sale. We April 23 1906. Maturity from 1908 to 1926 inclusive.
Bristol Township, Bucks County, Pa.
Franklin County (P.O. Brookville), Ind. Bond Offering.
are advised that the $50,000 4% coupon road bonds offered
on March 1 and described in V. 82, p. 406, were disposed of Proposals will be received until 1 p. m. April 3 by Wm. D.
Moore, County Treasurer, for $6,220 4}^% coupon freeto local investors.
Caddo Mills (Tex.) Independent School District. Bonds gravel-road bonds. Denomination $311. Date May 16
Voted.— On March 24 the $7,000 5% 10-40-year (optional) 1906. Interest May and November at the County TreasurMaturity one bond each six months. Certified
school-building bonds mentioned in V. 82, p. 585, were er's office.
Date of sale not yet check for 3% is required.
authorized by a vote of 104 to 16.
Fredericksburg, Va. Bond Offering.
determined.
Proposals will be
Camden, N. J.— Bond Sale.— On March 26 the $124,000 received until April 20 by the Finance Committee for the
portion of an issue of 4% coupon bonds put
4% 30-year refunding floating-debt bonds described in unexchanged
V. 82, p. 711, were awarded to N. W. Halsey & Co. of New out to refund $119,420 7% funding bonds now outstanding
and falling due May 1 1906. The holders of the old 7%
York City at 104.389. The bids were as follows:
N. W. Halsey & Co., New York.. 104. 389] J. D. Everitt &Co., New York.. 103. 279 bonds have until April 15 to exchange their holdings at par
R.M.Grant & Co., ISIew York... 104.279 A. B. Leach &Co., New York.. .103. 177 for the new 4% bonds and the bonds that have not been so
N. W. Harris & Co., New York. .103 .6541
exchanged up to that date will be offered on April 20, as
In last week's issue, in reporting the bids at stated above.
Correction.
Bonds will be exchanged at the National
the offering on March 19 of the above bonds, at which time Bank of Fredericksburg or at the Conway, Gordon & Garnett
all bids were rejected, the bids of N. W. Halsey & Co. and
The refunding bonds
National Bank in Fredericksburg.
of N. W. Harris & Co. should have read 104.179 and 103.184 will be dated May 1 1906 and will mature in thirty years.
respectively, and not 104.79 and 103.84 as was then reported They are exempt from city taxes.
to us.
Bond Offering. Proposals will be reGloversville N. Y.
Bonds ceived until 2 p. m. April 20 by O. L. Everest, City ChamCarlisle School District, Warren County, Iowa.
This district, it is stated, has voted to issue $7,000 berlain, for $1,550
Voted.
43/^% coupon sewer-improvement bonds.
school-house bonds.
Authority, Chapter 275, Laws of 1899. Denominations
Champaign County (P. 0. Urbana),'Ohio. Bond Offering. $250 and $100. Date Feb. 1 1906. Intere.st annually at
Proposals will be received until 2 p. m. April 9 by C. E. the Fourth National Bank of New York City.
Maturity
Russell, County Auditor, for $13,170 .5% coupon ditch bonds. on Feb. 1 as follows: $450 in 1907, $350 in 1908, $250 in
Interest payable at the 1909, $250 in 1910 and $250 in 1911.
Securities are dated April 10 1906.
County Treasury.
Grafton School District, Worth County, Iowa. Bonds
Bonds Voted. This city, Voted. It is reported that this district recently voted to
Charlotte, Eaton County, Mich.
it is stated, has voted to issue $9,000 bonds.
issue $6,000 bonds for the purpose of building a schoolChicago, 111. West Chicago Park. Bonds Not Sold.
No house.
bids were received on March 21 for the $2,000,000 4% 1-20Granite School District, Salt Lake County, Utah. Bond
year (serial) park bonds (2 issues) described in V. 82, p. 469. Election. This district will vote to-day (March 31) on the
Crawford County (P. O. English), Ind. Bond Sale. This question of issuing $60,000 5% school-building bonds.
county on March 5 awarded $11,900 4 3^% road bonds to Denomination $1,000. Maturity twenty years, subject to
E. D. Bush & Co. of Indianapolis for $12,085. Denomina- call after five years.
tion $595.
Date Nov. 15 1905. Interest May and NovemGreen Bay, Wis. Bond Offering. Proposals will be reMaturity $595 every six months.
ber.
ceived until 2 p. m. 'April 10, by the Finance Committee, for
Crawfordsville School City, Ind. Bond Sale.
On March $30,000 4% coupon street-improvement bonds. Authority
24 the $30,000 4% 1-10-year (serial) coupon school-building Sub-Chapter XV. of Chapter 40a of the Wisconsin Statutes
bonds described in V. 82, p. 711, were awarded to J. F. Wild of 1898. Denomination $1,000. Date Jan. 1 1906. InterMaturity $2,000 yearly on Jan. 1 from
est semi-annually.
& Co. of Indianapolis at 102.80.
Denver, Colo. Bond Sale. Following are the bids re- 1911 to 1925 inclusive. Certified check on a Wisconsin
ceived on March 23 for the four issues of 6% improvement national bank for $250 is recjuired.
Hagerstown, Md. Bond Bill Signed. The Governor has
and sewer bonds described in V. 82, p. 648:
—
—
—
—
—
,
—
—
—
—
—
—
—
—
—
—
,
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
—
S4.500
Bond
S4.000
Isaue.
WilllamE.Sweet & Co., Denver.. aS4,59S
Timothy Goodwin...
4,590
Levi B.Snyder
4,556
C.E.Dickinson
4,549
Bellan-Prlco Investm't Co_y Denver
4,533
Lce-Jackson Investment Co
10
00
00
50
75
W.C.Packard
Meyer Friedman
$1,500
S2,000
Bond Issue. Bondllssue. Bond Issue.
.._
S4.070 00
a4,0S0 00 a$ 1,530 00 o$2,040 00
4,050 00
4,044 00
4,040 00
4,075 00
4,030 40
4,020 00
a Successful bids.
Detroit, Mich.—5onrf Sale.— On March 23 the $149,000
S}/2% coupon public-lighting bonds described in V. S2,
p. 649, were awarded to W. E. Moss & Co. of Detroit for
$152,956 70. A joint bid of $149,023 .50 was also received
from H. W. Noble & Co. of Detroit and N. W. Halsey & Co.
of Chicago.
—
—
—
Duluth, Minn. Bid Rejected Bond Offering A bid of
Sar less 2% commission was received on March 19 from the
.J. Upham Co. of Duluth for the $275,000 4% 30-year
gold coupon refunding water and light bonds described in
V. 82, p. 586. This bid was rejected and the bonds will be
—
signed a bill recently passed by the State Legislature authorizing the issuance of $25,000 drainage bonds.
Hallock, Kittson County, Minn. Bond Offering.
Proposals will be received until 2 p. m. April 23 by the Board
of Supervisors at the office of G. Goodman, Town Clerk, for
$2,300 refunding and $5,000 road and bridge bonds.
Hamilton, Ont. Debenture Sale. On March 22 the $20,000 4% sewer and the $35,000 4% hospital debentures, a
description of which was given in V. 82, p. 586, were awarded
Following
to Aemilius Jarvis & Co. of Toronto at 99.54.
are the bids:
—
—
—
—
Aemilius Jarvis & Co., Toronto $54,747
Canadian Secur.Corp^Toronto 54.735
Wood, Gundy & Co., Toronto. 54.520
Dominion Sec. Corp., Toronto 54,356
W.C. Brent, Toronto...
54,329
Bankof Hamilton.'Toronto... 54,323
a And interest.
00 John Nuveen & Co., Chicago. .$54,315 00
OOlBrouse, Mitchell &C()., Toron. 54,250 00
OOlGoo. A. Stirason &Co., Toron. 54,202 50
54,1S5 00
00 H. O'Hara & Co., Toronto
00| James W. Balllie & Co., Toron a54,035 00
50|E. H. Gay &Co., Montreal... 53.119 00
1
1
District No. 31, Lincoln County, Wash.
—HarringtonSchool
Bond Offering. — Proposals
be received until 2 p. m.,
will
by Chas. T. Deets, County Treasurer, for the $7,000
re-offered for sale April 2.
coupon improvement bonds voted on March 3. Bids to be
East Toronto, Ont. Debenture Offering. Proposals will made for bonds bearing interest at not exceeding 6%.
be received to-day (March 31) by H. C. Nasmith, Chairman Authority, Chapter 153, Laws of 1903. Denomination $1,000.
Finance Committee, No. 66 Jarvis Street, Toronto, for Interest annually at the office of the County Treasurer in
—
—
$27,000 5% public-school debentures dated June 1 1906
and $5,500 5% high-school debentures dated Nov. 13 1905.
Interest annual.
Maturity part yearly for thirty years.
—
Edinburg School District, Walsh County, N. D. Bond
Sale.— On March 12 the $4,700 4% 15-ycar school-house
bonds voted on Feb. 6 were awarded to the State of North
Dakota at par. Denominations: nine bonds of $500 each
and one bond for $200. Date March 20 1906. Interest
January and July.
"
Elm Grove, Ohio County, W. Ya,.— Bonds Proposed.— The
issuance of $18,000 street-improvement bonds is being talked
of, and it is expected that an election will be held in about
sixty days to vote on the proposition.
—
—
Estherville, Emmet County, Iowa.
Bonds Voted. Reports state that this city on March 26 voted to issue $15,000
bonds.
Femdale
(Oal.)
April 7,
School District.— 5ond Election.— It
is
stated that this place will vote to-day (March 31) on the
question of issuing $10,000 school bonds.
Davenport.
Maturity twenty years, subject to call after
Purchaser will be required to furnisii blank
bonds. Bonded debt, including this issue, $22,000. Assessed valuation for 1906, $492,098.
An
Julesburg, Sedgwick County, Colo. Bond Election.
election will be held in this city April 3 to vote on the question of issuing $30,000 water-works and $3,500 electric-lightplant bonds.
Lake Butler, Fla. Bond Offering. Further details are at
hand relative to the offering on April 4 of the $5,000 6%
coupon improvement bonds, mention of which was made
in V. 82, p. 712.
Proposals will be received until 10 a. m.
on that day by J. J. Jones, Mayor. Denomination $1,000.
Date April 4 1906. Interest payable in Lake Butler.
Maturity April 4 1926. Certified check for $50, payable to
Bonded debt, this
J. A. King, City Treasurer, is required.
issue.
Assessed valuation $107,312.
Lake City, Columbia County, Fla. Bond Sale. On
March 14 the $13,000 5% 30-year gold coupon street-improvement bonds dated Sept. 1 190.5, described in V. 82,
ten years.
•(
—
—
—
—
—
—
THE CHRONICLE.
766
102.50.
Farson, Son
New
I'^lrsl
&
wore awarded to Farson, Son
The bids were as follows:
p. 587,
&
Co. of Chicago at
Election.
— Al
the
city
York
—
—
Lees Summit, Jackson County, Mo. Bond Election.
election will be lield April 2 to vote on the question of
issuing So, 000 5-20-year (optional) city-hall-building bonds
S%
—
interest.
—
Lexington, Miss. Bond Election. -We are informed that
an election will be hold for the purpose of voting on the question of issuing the $22,500 5% coupon clectric-light-plant
bonds mentioned in V. 82, p. 650. Interest is payable in
Lexington.
Maturity twenty years, subject to call after
five years.
Bonded debt this issue. Assessed valuation
$1,000,000.
Long Beach,
—Bond Sale.— On
5%
— Temporary
Mass.
—
—
—
—
—
—
—
At
At
At
At
At
—
twenty years, subject to
call after
ten years.
—
Mass.—Bond Sale.— On March
(P. O. Woodsfield), Ohio.
Bond Offering.
be received until 12 m. April 16 by the
County Commissioners for $135,000 4i^% court-house bonds
will
Denomination
.'51,000.
Date April
1
1906.
Interest semi-
County Treasury. Maturity $7,000 every
six months from April 1 1907 to Oct. 1 1915 inclusive,
$5,000 April 1 1916 and $4,000 Oct. 1 1916. Certified check
for 5% of amount bid, payable to the County Treasurer, reannually at
tiie
quired.
Purchaser or purchasers to prepare all papers for
record and engrave and lithograph the bonds at their own
expense.
Bonds will be delivered April 20. These bonds
were offered as 3)4s on March 19 but no satisfactory bids
were received for the same.
—
—
Montclair, N. J. Bond Election. -Reports state that an
election will be held April 10 to vote on the question of issuing $100,000 park land-purchase bonds.
Montgomery, Ala.
—Bond
Offering.
— Attention
to the official advertisement elsewhere in this
is
called
Department
on April 16 of the $75,000 43^% gold schoolbuilding bonds, mention of which was made in last week's
of the offering
—
electric-light
tion SI, 000.
—
— Proposals
were asked for until 3 p. m.
$140,000 4%, coupon streetimprovement bonds. Authority Section 198 of the City
Charter and Ordinance No. 5674 approved March 8 1906.
Denomination $500. Date April 1 1906. Interest annually
The result of this
at the fiscal agency in New York Cit}''.
offering was not known at the hour of our going to press.
Owen Sound, Ont. Debenture Sale. According to reports
this town has sold $46,574 76 4% debentures to the Dominion Securities Corporation of Toronto. Interest semiMaturity $25,000 in fifteen years and the balance
annual.
Bond
Offering.
yesterday
(March
30)
for
—
in
I
:
i
—
Monroe County
4J4%
years.
I
— Proposals
—
—
—
.
I
I
Omaha, Neb. Bond Election. The election to vote on the
question of issuing the $50,000 paving-intersection bonds
mentioned in V. 82, p. 651, will|be held May 1. Bonds will
bear 4% interest payable semi-annually. Maturity twenty
4%
Blake Bros. &Co., Boston
101.21 IN. W. Harris & Co., Boston
100.834
Estabrook Co., Boston
101.07 Jose, Parker & Co., Boston
100.827
Geo. A. Fernald &Co.. Boston... 10 1.02GHlo(i<;et, Merritt & Co., Boston.. 100. 814
B L. Day & Co., Bo.ston
100.857 Merrill, Oldliam & Co., Boston. . . 100.389
Parkinson & Burr, Boston
100.85
cent At the expiration of 16 years. .10 per cent
cent At the expiration of 17 years.. 11 per cent
cent At the expiration of 18 years.. 13 per cent
cent At the expiration of 19 years. .15 per cent
centlAt the expiration of 20 years.. 16 percent
per
per
per
per
per
bonds for $12,076 and accrued interest. DenominaDate Dec, 15 1905. Interest June and December.
Maturity $1,000 on Dec. 15 in each of the following years: 1908,
1909. 1911, f912. 1913, 1914, 1916, 1917, 1918, 1921, 1923 and 1924.
4,000"4J^ %• water bonds for $4,031 and accrued interest. Denomination $500.
Date Dec. 15 1905. Interest June and December. Maturity
$1,000 yearly on Dec. 15 from 1908 to 1911 Inclusive.
12,000
—
27 the $16,000
years . - 5
12 years- -6
13 years--7
14 yea s.-S
15 yea^-.g
11
—
Middletown (Ohio) School District. Bond Offering.
Proposals will be received until 12 m. April 16 by James N.
Kimball, Clerk Board of Education, for $19,000 3.65%
school-building-improvement bonds. Authority Sections
De3991, 3992, 3993 and 3994 of the Revised Statutes.
nomination $500. Date April 16 1906. Interest semiannually at the National Park Bank in New York City.
Maturity yearly on April 16 as follows: $4,000 from 1917 to
1920 inclusive and $3,000 in 1921. Certified check for $200,
payable to W. T. Harrison, Treasurer Board of Education,
is required with each bid.
Milton,
of
of
of
of
of
Newark, Wayne County, N. Y, Bonds Defeated. We are
advised that this village on March 20 defeated propositions
to issue $39,000 village-hall and $35,000 paving bonds.
Niles, Ohio.
Bond Sale. This place on MarchJ21 awarded
the following bonds to Lamprecht Bros. & Co. of Cleveland:
—
police-station bonds described in V. 82, p. 713, were awarded
to Blake Bros. & Co. of Boston at 101.21 and interest.
The bids were as follows:
expiration
expiration
expiration
expiration
expiration
Irrigation District, required.
Middle sborough (Ky.) School District. Bond Offering.
Proposals will be received until April 16 by H. H. Sprague,
Secretary Board of Education, for $12,000 6% high-schoolInterest annual.
Maturity twenty years,
building bonds.
subject to call after fifteen years.
The district has no
bonded debt at present.
—
the
the
the
the
the
Certified check for" 1% of the amount of bonds bid for,
payable to the Board of Directors of the Nampa and Meridian
—
—
—
m. April 3 by the Board of Directors,
E. H. Dewey, Chairman, at the Citizens' State Bank of
Nampa, for $100,000 coupon bonds at not exceeding 7%
interest.
Securities are part of an issue of $583,505 bonds
authorized at an election held Aug. 26 1905, and of which
$285,000 have already been sold, as stated in V. 82, p. 176.
Denominations not less than $50 nor more than $500.
Maturity as follows:
Interest Jan. 1 and July 1 at Boise.
Marion, Ohio. Bond Sale. On March 28 an issue of
$37,500 4% refunding bonds was awarded to W. Harkness
of Marion for $38,100.
Marion, Smyth County, Va. Bond Sale. On March 24
the $20,000 5% 15-20-year (optional) school bonds described
in V. 82, p. 587, were awarded to Otis & Hough of Cleveland at 103.4625 and accrued interest.
Meagher County (P. O. "White Sulphur Springs), Mont.
Bond Offering. Proposals will be received until April 27
by Theo. Sarter, County Clerk, for $30,000 4i^% bonds.
Denomination $500. Interest Jan. 1 and July 1. Maturity
—
—
ceived until 2 p.
—
—
—
—
Loan.— The
City Treasurer
recently negotiated a loan 'of $200,000 for eleven months
with W. O. Gay & Co, of Boston at 4.35%.
Lyons City School District, Clinton (County, Iowa.
Bonds Legalized. The General Assembly recently passed
a bill legahzing $40,000 school-building bonds voted by
this district on March 13 1905.
Description of Bonds.
We are inligMansfield, Mass.
formed that the $30,000 electric-light-plant bonds recently
authorized by this town bear 4% interest and are coupon
Denomination $1,000. Date April 1 1906. Inin form.
terest annually at the First National Bank of Mansfield.
Maturity $1,000 yearly.
Marietta, Ind. Ter. Bond Sale.
We are advised that
the $25,000 20-year water- works bonds, mention of which
was made in V. 82, p. 651, have been sold.
Lynn,
until
City.
—
March
5 the $16,000
coupon j)ioi-repair bonds described in V. 82, p. 470,
were awarded to the American National Bank of Los Angeles for $16,911.
Cal.
bonds
—
An
at not exceeding
the.se
Date July
$500.
election
April 3 a propo.sition to is.sue $40,000 water-works bonds
bo .subniittod to the voters.
will
be received for
Interest semi-annually in New
1
1905.
Maturity July 1 1945. Each bid mu.st be accompanied by a certified check on an incorporated bank for
$1,000, made payable to the Citj' Treasurer.
Morgan Hill School District, Santa Clara County, Cal.
Bond Offering. -Proi)osals will be received until 10 a. m.
April 3 by A. L. Hubbard, Chairman Board of Supervisors
(P. O. San Jose), for $7,-500 5% gold coupon bonds.
Denomination $l,.5O0. Interest annually on Jan. 1 at the
County Treasury. Maturity $1,500 yearly, beginning three
Certified check for 10% of the bonds bid
years from date.
for, payable to Henry A. Pfister, Clerk "Board of Supervisors, ynust accompany each bid.
Morgantown, W. Va. No Bonds at Present. This city
recently contemplated i.s.suing $50,000 electric-light-plant
bonds.
We are informed, however, that the idea has been
abandoned for the time being.
Mt. Healthy, Ohio. Bond Sale. The following bids were
received on March 26 for the $1,982 40 43^%, 1-10-year
(serial) sidewalk-improvement (village portion) and the
$1,460 20 43^% 1-10-year (serial) sidewalk-improvement
assessment bonds described in V. 82, p. 527.
Season?ood & Mayer, Cinein..$3,630 50IFirst Nat. Bank, Mt. Healthy..$3,477 03
Cincinnati Trust Co., Cincinnati 3,527 60lCentral Tr. & Safe Dep.Cc.Cin. 3,470 45
par
W. J. Hayes & Sons, Cleveland. 3.510601S. A, Kean. ClUcaijo (less 2%).
Lamprecht Bros. & Co. Clev.... 3,494 5S[
Nampa and Meridian Irrig:ation District, Ada and Canyon
Proposals will be reCounties, Idaho. Bond Offering.
.
"Kan.' Bond
will
12 m. on tiiat da}' by R. S. Williams, City Treasurer.
Authority special election held Aug. 21 1905.
Denomination
Co.. Chloawo
102.501 1.awroncp liarnum A Co., N. Y... 101. 25
101.10
Hank. Co.Uirabus.. 101 .UOIS. A. Kcan, ClilcaKO
bank. Lake City .. 101 .501 W. J IluycM & .Sous. ClovelanU... 100.
Larned,
Proposals
issue.
.Vat.
First National
[TOL. LXXXII.
I
I
1
I
I
1
twenty years.
—
—
—
Bond Offering. Further details are at
Palestine, Tex.
hand relative to the offering of the $10,500 43^% coupon
school-house bonds "Series A" and the $9,500 4^/2% coupon
school-house-addition bonds "Series B," mention of which
was made in V. 82, p. 528. Proposals for these bonds will
be received until 12 m. April 16 bv A, L. Bowers, Maj^or.
Authority vote 211 to 48 at election held Feb. 12 1906.
Denomination $500. Date March 1 1906. Interest semiannually at the office of the City Secretaiy in Palestine, at
the Austin National Bank in Austin or at the National Park
Bank in New York City. Maturity forty years, subject to
Successful bidder will be required
call after twenty years.
to depo.sit $2,000 upon acceptance of bid.
Pasadena, Cal. Bond Election. An election, it is stated,
will be held April 25 to vote on the question of issuing
—
—
$200,000 electric-light-plant and fire-department bonds.
Pasquotank County (P. O. EUzabeth City), N. C. Bond
Sale.— On March 12 an issue of $5,000 5%, 6-10-year (serial)
road-improvemont bonds was awarded to the Savings Bank
& Trust Co. of Elizabeth City at 100.555. No other bids
were received. Denomination $1 ,000. Date March 15 1906.
Interest March and September.
Pass Christian, Miss. Bond Offering. Proposals will be
received until 7:30 p. m. -\pril 17 (not April 27 as w^e were
at first advised) by Geo. P. Brandt, Town Clerk, for $25,000
—
—
—
1
Mae. 31
THE CHRONICLE.
1906.]
76:
Racine, Wis.—Bond Sale.— On March 17 the $65,000 4%
5% coupon school-building bonds. Denominations 20
bonds of $100 each and 46 bonds of $500 each. Date July 1 bridge-building bonds described in V. 82, p. 651, were
Maturity $100 awarded to N. W. Harris & Co. of Chicago for $65,905.
Interest annually in Pass Christian.
1906.
yearly from July 1 1907 to July 1 1925 inclusive and $23,100
Rawlins County, Kan. Bond Election. It is stated that
on July 1 1926. Certified check for 10%, payable to the an election will be held in this county to vote on the quesTown Treasurer, required. No bonded debt at present. tion of issuing $30,000 court-house bonds. This proposition
Assessed valuation 1905, $1,000,000.
was submitted to a vote on Jan. 16 and carried, but that
Paulding County (P. O. Paulding), Ohio. Bond Offering. election has been found to be invalid.
Proposals will be received until 3 p. m. April 6 by Allen
Renfrew, Ont. Debenture Sale. An issue of $27,439 4%
Bybee, County Auditor, for the following bonds:
debentures was recently awarded by this town to Wood,
5 940 S% 1-3-year (serial) Prairie Creek Joint Ditch No. 795 bonds. DenominaGundy & Co. of Toronto for $26,616. The following bids
tion $1,980.
were received:
4 170 5% 1-3-year (serial) E. L. Overmrer Ditch' No. 639 bonds. Denomination
$1 390.
Wood, Gundy &Co., TorontoaS26,616 00|J. W. Baillle & Co., Toronto. ftS20, 775 67
3.690 5% 1-3-year (serial) J. A. Donalds Ditch No. 640 bonds. Denomination Canadian Sec. Corp., Toronto ft26,977 OOjlI.O'Hara i-Co., Toronto. _. 7i26,736 47
$1,2.30.
ft26,953 00 Dominion.Secur. Corp.. Ltd. /!26,651 00
Aemilius Jarvis &Co., Tor
Patterson
Ditch
No.
bonds.
Francis
641
Denomina1-3-year
(serial)
900 5%
/!26,S33 00
W.C. Brent. Toronto
tion $300.
Bids based:on;$28.000^43 bonds^as advertised
a Bids based on $27.439.bonds.
570 5% 1-3-vear (serial) Henry Frost Ditch No. 642 bonds. Denomination
$190.
In submitting bids, all bidders, except Wood, Gundy &
300 5% 1-3-year (serial) Irvin Balicr Ditch No. 643 bonds. Denomination SIOO.
Denomination $160. Co., overlooked the fact that one installment of $561 43 of
is Ditch No. 644 bonds
480 5% 1-3-year (serial) Chas. Wen"---'
t^,._,, vt_
^,
2.160 5% 1-3-year (serial) John H Diielianan Ditch No. 646 bonds. Dcnominathe bonds had matured on Dec. 20 1905, making the par
tion $720.
Authority Sections 22B and 4481 of the Revised Statutes. value to be sold $27,439 instead of $28,000 43 as advertised.
Bonds will be dated April 2 1906. Interest semi-annually
Following are the bids reRhinelander, Wis. Bids.
Certified check on ceived on March 20 for the $25,000 5% school-building
at the office of the County Treasurer.
some bank in Paulding for $200 is required. Purchaser to bonds awarded, as stated in V. 82, p. 714, to John Nuveen
All proposals must be & Co. of Chicago:
furnish blank bonds free of cliarge.
unconditional and bidders must satisfy themselves as to the John Nuveen & Co., Chicago. S26,062'50IBrowne-EIIinwood & Co.,Chie.S25,713 00
Rudolph Kleybolte & Co. .Chic 26,082 00 Minnesota L & Tr Co., Minn.. 25,692 50
legality of the bonds before bidding.
Denison & Farnsworth, Cleve. 25,952 50 C. H. Coffin, Chicago
25,651 00
Chic. 25,907 70 Otis & Hough, Cleveland
25,563 75
Pensacola, T\B..—Bond Sale— On March 28 the$300,000 ITowbridge&NlverCo.,
W. J. Hayes & Sons, Cleve... 25,907 OOIN. W. Halsey & Co., Chicago. 25,500 00
Son &Co., Chicago... 25,860 00|F. L. Fuller & Co., (Cleveland. 25,500 00
4J^% 20-30-year (optional) gold improvement -bonds de- Farson,
F.B. Sherman & Co., Chicago. 25,835 00 IS. A. Kean Chicago
25,150 00
scribed in V. 82, p. 588, were awarded to Seasongood & John
P. O'Brien &Co., Boston 25,750 00 Geo.M.Bechtel & Co.. Davenp 25,000 00
—
—
—
—
—
—
•
Ii
—
—
..
1
I
1
Mayer
of Cincinnati at 102.052.
Bonds Proposed. A bill recently
Philadelphia, Miss.
introduced in the House (H. B. No. 355) authorizes this
town
—
—
to issue bonds.
—
Kane &Co., Minneapolis
25.725 901
Rhode Island.— Bond Sale.— On March 28 the $600,000
3%
30-year gold highway-construction bonds and the
$350,000 3% 40-year gold armory-construction bonds described in V. 82, p. 529, were awarded to N. W. Harris &
Following are the
Co. of Boston at 100.14 and interest.
It is stated that this
Pierce County, Wash.—fionci Sale.
county has sold $109,000 3^4% refunding bonds to the State.
bids:
Maturity 20 years, subject to call after one year.
$600,000
$350,000
Highway
Arnwry
Pine Bluff (Ark.) School District. Bond Offering. ProBondx.
Bonds.
N.W.Harri.s&
Co., Boston
100.14
100.14
posals will be received until 12 m. April 24 by M. Hanf, Sec- Industrial Trust Co Providence
100.07
100.07
National Exchange liank, 'Providence
a 102 .03
al02 .33
coupon
highto
20-year
$75,000 5%
retary, for from $65,000
F. W. Matteson, Providence (tor $100,000 either issue)
100.05
100.00
Denomination to suit purchaser. Inter- Pawtucket Mutual Fire Insurance Co. (for $20,000 either issue)
school bonds.
a For $50 000 bonds each issue.
Certified check for
est annually on Aug. 15 in Pine Bluff.
Richland County (P. O. Wahpeton), N. D. Bond Offering.
No bonded debt at
$1,000 required of succes.sful bidder.
Proposals will be received until 10 a. m. April 3 by the
County Commissioners for the following drainage bonds at
present.
The official notice of this bond offering will be found among not exceeding 7% interest:
—
—
..^
—
—
Department.
Portage, Wis.— Bond Sale— On March 27 the $40,000 4%
coupon bridge bonds described in V. 82, p. 714, were
awarded to the First National Bank of Portage at 100.40 and
Following are the bids:
interest.
the advertisements elsewhere in this
$40,100 IS. A. Kean, Chicago
40.400 A. B. Leach & Co., Chicago
First Nat.tBank, Portage
Kane Co., Minneapolis
&
—
—
|
$40,240
40,203
Temporary Loan. The City Treasurer on
Portland, Me.
March 28 negotiated the $50,000 loan in anticipation of
taxes, mention of which was made in V. 82, p. 714, with
Brown Bros. & Co. of Boston at 4.33% discount.
Portsmouth, Ohio. Bond Offering. Proposals will be
received until 12 m. April 17 by Filmore Musser, City Auditor, for $83,000 3.65% coupon refunchng water-works bonds.
Authority Section 2701 of the Revised Statutes and Ordinance No. 1035, passed by t(ic City Council on Feb. 21 1906.
Denomination $1,000. Date May 1 1906. Interest semi-
—
—
Maturity May 1 1931.
Certified check for 2% of
annual.
the bonds bid for, payable to the City Auditor, is req-uired.
Accrued interest to be paid by purchaser. All bids must be
unconditional.
Interest will be payable at Winslow, Lanier
<fe
Co.,
New York.
—
—
Bond Election. At the next village election a propo.sition to issue water-works bonds will be submitt(xl to the voters.
Preston, Idaho.
—
—
Bond Election. It is stated tliat tlie
Prosser, Wash.
Citj' Council has decided to call an election to vote on the
question of issuing $5,000 park bonds.
—
—
Providence, R. I. Bond Bill Pa.^ses House.
The House
has passed a bill authorizing this city to issue $320,000
$6,112 73 Eagle and Colfax Drains No. 2 bonds,
3,297 20 Galchutt Drain No. 4 bonds.
9,093 SO Fairmount, De Villo and La .Mars Drain No. 3 bonds.
Authority Section 1474 of the Revised Codes of North Dakota and Chapter 39, Ses.sion Laws of 1901. Maturity five
years, subject to call after three years.
Rochester, N. Y.—Note Sale.— On March 28 $449,000
8-months water-improvement notes were awarded to Gold-
man, Sachs & Co. of New York City at 4.35%
$7 premium. The bids were as follows:
Goldman. Sachs
(S7 premium)
Bank
&
for Savings,
Co.,
New
York,
New York
$200.000)
—
.4.35%
[Bond & Goodwin,
premium)
Bro.adwav
(tor
4.55%
I
Savings
New York
interest
Boston
(S15
4.625%
Institution,
(tor $49,000)
4.75Sb
—
Rockport, Mass. Temporary Loan. This town recently
borrowed $15,000 from Bond & Goodwin of Boston at 4.40%
Note matures Nov. 28 1906.
discount.
Royalton Township, Cuyahoga County, Ohio. Bond
Sale.
We are just advised that this township ttwarded on
Nov. 1 an issue of $13,125 5% road-improvement bonds to
Lamprecht Bros. & Co. of Cleveland for $13,276 50. Denominations: one bond for $125 and 26 bonds of $500 each.
Date Nov. 1 1905. Interest April 1 and Oct. 1. Maturity
on Oct. 1 as follows: $125 in 1907, $1 ,000 in 1908 and $1 ,500
yearly from 1909 to 1916 inclusive.
We report this sale as
a niiitter of record.
Bonds Voted. On March 27 this town
St. Charles, Mo.
by a vote of 1,141 to 239 authorized the issuance of $80,000
sewer-system bonds,
St, Mary's, Ont.
Debenture Offering. This town is offering for sale $16,912 35 debentures.
Proposals for these securities will be received until 7:30 p, m. April 9 by L. Har-
—
—
—
—
—
—
stone, Town Clerk,
Salem, Ohio. Bond Sale. Local papers state that
Putnam County (P. 0. Greencastle;, Ind. Temporary
Loon.— This county on March 3 o -rowed $8,000 at 4% Sinking Fund Trustees on March 16 awarded $18,000
briflge bc.iids.
—
—
—
1
from the Central Trust Co. of Crcencastle. Maturity $4,000
on May 15 ami $4,000 on Nov. 15.
Queenstown, Md. Bonds Proposed. A loan for water
—
})urpos(>s
is
—
provided for in a
bill
now
before the State
Legislature.
Quincy,
Mass.— /ionrf Sale.— On March
23 $17,050 4';,
higli-school-improvestnver bonds were awardcul to
sundry-loiin order bonds, $6,500
ment bonds and $6 ,()()()
4%
4%
Jose, Parker <fe Co. of Bo.ston for $17,230 80, $6,562 40 and
Other bidders were Parkin.son &
$6,001 25 respectivelv.
Burr of Bo.ston for $29,550 at 100.81 and R. L. Day & Co.
of Bo.ston for $29,550 at 100.297.
Bonds .\ot Sold. Th\i> city offered on March 23 $20,000
3.65% 1-20-year (.serial) se\v(>r bonds. Only one bid was
received for the bonds, and it was rejectecl.
Temporary Loan. This city recently borrowed $50,000
for one year from F. S. Mo.seley & Co. of Boston at 4.37*^0
Loan i.s^dated April 2 1906.
discount.
—
and
the
re-
funding and $1,900 sewer bonds to the Farmers' National
Bank of Salem for $18,275 and $1,912 50 respectively.
Salisbury, Md.
Hands Authorized by Legislature. The
State Legislature has [)a.ssed a bill authorizing this city to
issue bonds.
Sanders County (P. O. Thompson), Mont. Bond Offering.
Proj)osals will be receiN'ed luitil 10 a. m. May 10 by Gust.
.Moser, County Clerk, for the following bonds:
.$40,962 06 4% warrant-f\iii(ling bonds.
Cortlllod check for $500 reqiiired.
10,000 4% warrant-funding bonds. Certincd check for $2.50 required.
Denomination $1 ,000. Date Juno 1 1906. Intenvst semiannually at the County Treasurer's office. Maturitj' twenty
years, subject to call after ten years.
Certified checks must
be iiiiule payable to lie County of Sanders.
—
—
—
I
San Diego
district will
$120,000
p,
714.
—
School District. Bond Election.
This
vote April 26 on the i)ropositioii to i.><sue the
(Cal.)
41^%
school-building bonds mentioned in V. 82,
[Vol. Lxxxii.
THE CHRONICLE.
Wash. — Bonds in V. 82, p. 590, were awarded to Oldfield, Kirby & Gardner
768
San Juan County (P. O. Friday Harbor),
The election March 20 resulted in a vote
—
for $86,413.
Bids were also received from the Manufacturers' Life Ins. Co., which offered $84,470, and the National Trust Co., Ltd., which offered $83,208.
of 584 to 53
in fiivor of the proposition to issue tiie §14,000 court-house
bonds mentioned in V. 82, p. 652.
Voted.
—
—
Sturgeon Falls, Ont.
Bond Sale. This disSlatington (Pa.) School District.
refunding and
on March 13 .sold at par $28,000
$8,000 33^% school-building bonds to the National Bank of
Other bids were also icceived for various
Slatington.
3^%
trict
Date June
—
—
building bonds.
W.
T.
— Debenture
Sale.
Hudson County,
N,
J.,
W
—
Waterloo,
$3,000.
Each proposal
must be enclosed In a sealed
"Proposal for Bonds," and be accertified check or cash as
Bidders may bid for the whole or any part
or bid
companied by the bank or
aforesaid.
of each Issue thereof.
The Board reserves the right to reject any or all bids
It It deems it tor the best Interest of the County so to do.
JOHN
P.
Ont.
— Debenture
LOANS.
15
any and
R.
Montreal, Toronto
the holder's option.
$118,174 97
57,365 93
89,343 30
318,218 04.
1,071,337 91
and Winnipeg,
running
running
running
running
running
at
Sealed bids will be received by the Committee on
Ways and Means'at the office of the imdersigned Thursday April 12th. 1906 at 2 o'clock P. M.. for the whole
or any part of $200,000 City of Minneapolis School
years
Said bonds bear Interest at the rate of 3H Per cent
per aimum, dated January 1st, 1906, and payable January 1st, 1936.
The right to reject any or all bids Is reserved.
A certified check for 21per cent ot the par value ot
the bonds must accompany each bid.
Circular containing full particulars will be mailed
upon application to
O. BROWN, City ComptroUer.
application.
ALBEBX
£.
steel-plate
certlflcates,
seal press, $15:
cheaper
KINQ &
CO.,
Bonds.
DAN
R.
L.
D. S. CURRY, City Comptroller,
Winnipeg, 12th March, 1906.
DAY
35 Congress Street,
book of SO.
S06 Broadway, N.Y.
NEW
YORK.
MEMBBBS
I ORE AlfD BOSTON
8TOCIK KXCUANGBB.
IfEW
BONDS.
1st
3 Nastan Street,
BOSTON.
MUNICIPAL AND PUBLIC SERVICE
BOSTON,
CHICAGO,
Nat. Bank Bldg.
& CO.,
BANKERS,
Co.
60 State
Street.
STATE, mUNIClPAL, ANU H1»H
ORABB
11A1L.K0A1> (iWCUKITIEB.
baiabllBb*d 18»a.
First Nat.
Bank
&
Sons
Co
Building, Chicago.
100
and
City of Minneapolis,
SCHOOL BONDS.
7 years
years
years
years
10
15
20
30
$1,654,440 15
$150,000 of the 30 years will be dated 17th
January, 1906; the rest will be dated Ist
May, 1906. Delivery on or before 1st June.
Purchaser to pay accrued interest to date of
delivery.
Tenders may be for the whole or
part.
No tender necessarily accepted. Further information desired wiU be furnished on
BONDS sfo^K CERTIFICATES H. C. Speer
Engraved on
border,
^soo,ooo
FOUR PER
York,
WILLIAMS,
S.
City Treasurer.
Principal payable in Winnipeg in gold or
CENT
equivalent. Interest at
per annum, payable half-yearly at the Canadian
Bank of Commerce in London, England, New
its
BOSTON anclICLKVELAM).
styles as low as $2 50 for a
YEAR BONDS
bids.
all
DEBENTURES
uponjrequest.
steel or lithographed, or
partly printed and partly lithographed.
&
Sealed proposals in duplicate will be received by R. S.
Williams, City Treasurer, Montgomery, Alabama, unti'
12 o'clock noon, MONDAY, APRIL 16TH, 1906,
for the purchase of S75.000 issue of school building
bonds; denomination of SoOO, dated July 1st, 1905,
payable July 1st, 1945, in sold. Interest 4!^ per cent,
payable semi-annually in New York; said issue authorized by special election held August 21st, 1905.
A certified check on an incorporated bank for one thousand
dollars to accompany bid, payable to me as City ireasurer.
The City Council reserves the right to reject
EGAN.
Denison & Farnsworth,
town recently
to Aemilius Jarvis
OF THE CITY OF WINNIPEG
HIGH GRADE BONDS
of
40-
"The
to
Trowbridge& Niver
Book
— This
City of Montgomery, Ala.
Clerk.
LiistH
Sale.
NEVVMUOANS.
addressed
$1,654,440
5, 1906,
at 4 o'clock p. m.,
for the following Improvements,
bonds
envelope endorsed:
—
awarded $12,536 86 4J^% debentures
FOR THE PURCHASE OF
viz.:
is
,
.
the ofiBce of the City Comptroller, City Hall,
Winnipeg, Manitoba, up to 3:30 p. m. on
FRIDAY, the 27th APRIL NEXT,
THURSDAY, APRIL
(1) 5500,000 Hudson County Park Bonds, to be
Issued under authority of an Act of the Legislature of
the State of|New Jersey, entitled: "An Act to establish
public parks in certain counties of this State and to
regulate the same," approved May 6th, 1902.
(2) $240,000 for the building of the New Alms House
Issued under authority of an Act fo the Legislature of
the State of New Jersey entitled: "An Act to authorize
the erection of new buildings in counties of this State
for alms house purposes," approved July 10, 1905.
Both of the above Issues to bear interest at four (4)
ger centum per annum, payable semi-annually and to
ear date the first day of May, 1906. Said bonds to be
coupon bonds with the privilege of registration both as
to principal and Interest.
The $500,000 issue to run for a period of fifty years
from date and will have the certification of the tJ. S.
Mortgage & Trust Co. of N. Y. City. The $240,000
issue will run for a period of forty years from date.
Each bid must be accompanied by a bank or certified
check upon some National Bank or Trust Company,
drawn to the order of Stephen M. Egan, County Collector, or cash In the following amounts:
On the bid lor the $500,000 Issue of bonds the
(1)
Bum is $5,000 and
On the bid for the S240.000 Issue of bonds the
(2)
I
Wakefield, Mass. Temporary Loan. This town recently
borrowed $30,000 for seven months from Jose, Parker & Co.
of Boston at 4.42% discount and 10c. premium.
SEALED TENDERS
By virtue of two separate resolutions of the Board of
Chosen Freeholders of the County of Hudson, N. J.,
passed at a meeting held on Thursday, March 1, 1906
sealed bids and proposals will be received and opened at
a meeting of said Board to be held In the Court House,
Jersey Oity, N. J., on
sum
4%
.
Chairman, Finance Committee," and marked
"Tender for Debentures," will be received at
ALMSrHOUSEiBBONDS
—
—
DEBENTURES.
PARK BONDS
tor the sale of
—
CITY OF WINNIPEG
#^oo,ooo
»S40,000
— We
1-20-year (serial) registered tax-deficiency bonds described
were awarded to Jose, Parker & Co. of
Boston at 101.671 and interest. Following are the bids:
Jose, Parker &Co.. Boston
101. 671 ITroy Savings Bank
par
Harriman & Co.. New York
100.60
Bonds Legalized. Chapter 83, Laws of 1906, legalizes the
additional water bonds awarded last November
$181,500
to
J Hayes & Sons of Cleveland but subsequently refused by them. See V. 82, p. 351.
— On
NEW
LOANS.
—
in V. 82, p. 715,
March 15 the $88,000 4J^% water-works debentures described
NEW
it is
City Treasurer, for $25,000 4% registered fire-engine-house
bonds. Denomination $100 or multiple. Date May 1
1906.
Maturity May 1 1926. The
Interest semi-annual.
bonds were awarded to E. Brick ofjTrenton at 106.41.
Troy, N. Y.—Bond Sale.— On March 27 the $45,000 4%
—
N.
town,
N. J. Bond Sale. Proposals were asked for
m. yesterday (March 30) by W. J. B. Stokes,
Trenton,
until 11 a.
3%
Alberta,
Thi.s
—
Proposals will be
Steubenville, Ohio. Bond Offering.
received until 12 m. May 2 by Frank S. King, City Auditor,
Authority
for $20,000 4J^% coupon garbage-plant bonds.
Section 2835 of the Revised Statutes and ordinance passed
March 13 1906. Denomination $1,000. Date May 1 1906.
Interest semi-annually at the office of the Sinking Fund
Maturity $3,000 yearly on May 1 from 1907 to
Trustees.
1912 inclusive and $2,000 on May 1 1913. Certified check
of the bonds bid for, payable to the City Treasurer,
for
must accompany each bid. Accrued interest to be paid by
purchaser.
Strathcona,
—
Tomahawk (Neb.) School District. Bond Election.
are informed that an election will be held about the middle
of April to vote on the question of issuing ^$40,000 school-
Soler (Town), Roseau County, Minn. Bond Offering.
Proposals will be received until 2 p. m. April 21 1906 by the
Board of Supervisors at the office of Theo. E. Haug, Town
Clerk (P. O. Haug) for $8,000 road bonds at not exceeding
6% interest. Authority Chapter 64, Laws of 1905. DenomDate Oct. 1 1905.
ination $615, except one bond for $620.
Maturity $615 yearly from
Interest annuallj' on July 1.
July 1 1911 to July 1 1922 inclusive and $620 on July 1 1923.
These bonds were offered but not sold on Jan. 20. See V. 82,
p. 295.
5%
—
Interest semi-annual.
1906.
Maturity $6,000 in ten years, subject to call after two j-^ears;
$6,250 in twenty years subject to call after five years;
$15,750 in thirty years subject to call after ten years, and
$8,000 in thirty years subject to call after five years.
1
—
Sale.
—
amounts from local lodges, etc. The bonds were awarded
to the above-named bank with the understanding that
these bidders were to receive the amounts they bid for.
Denomination of -the refunding bonds $250; of the schoolbuilding $100.
— Debenture
recently awarded §22,000
local-improvement
debentures to Geo. A. Stimson & Co. of Toronto.
Tehama County (P. O. Red Bluff), CaL— .Vo Action Yet
Taken. We are advised that the Board of Supervisors has
not as yet taken any action in the matter of issuing the
$250,000 bridge-building bonds mentioned in V. 82, p. 412.
Thomasville, Ga. Bond Election. On Feb. 26 the City
Council passed an ordinance providing for an election April 4
to vote on the question of issuing $25,000 43^% gold sewer
bonds.
Denomination $500. Interest Jan. 1 and July 1.
stated,
COUNTY
AND TOWNSHIP
C\TY
BONDS.
^====
F.
R.
FULTON & CO.,
Municipal Bonds.
171
LA SALLE STREET.
CHICAGO.
———— —
Mar. 31
— ——
—
THE CHRONICLE.
1906.
Toronto for $12,707 and interest,
Co. of
bids:
AemiliusJarvis&Co..Tor'ntoS12,707 OOIH. O'Hara & Co., Toronto
$12,585 50
Canadian Sec. Corp.. Toronto. 12,677 001 Geo. A.Stlmson & Co., Toronto 12.567 00
Wood, Gundy & Co., Toronto. 12,637 001 Domiuion Secur. Corp., Tor.. 12,543 00
Wm.C. Brent, Toronto
12,029 00|
Maturity
annual.
part
$8,008 54
yearly
for
—
loan Oct. 15 1906.
—
Yazoo City, Miss.—Bond Offering.— Froposeds will be
received until 7:30 p. m. April 9 by E. J. Poursine, City
Clerk, for the $25,000 5% city -hall and fire-department
bonds authorized on March 12 by the City Council. Denominations $100 and $500. Date April 9 1906. Interest
annual.
Maturity $100 yearly on April 9 from 1907 to
1925 inclusive and $23,100 on April 9 1926. Certified check
for $500, payable to the City Clerk, must accompany each
bid.
No conditional bids will be considered.
Youngstown, Ohio. Bond Sale. The following bids
were received on March 26 for the five issues of various
improvement bonds described in V. 82, p. 591:
00
00
—
White Plains, N. Y. Bond Offering. Proposals will be
received until 8 p. m. April 24 by the Board of Trustees,
John J. Brown, President, for the following bonds:
—
812,000 4% tax-deflciency and assessment bonds. Maturity April 1 1916.
10,000 4% water bonds. Maturity thirty years
13.000 library-site bonds at not exceeding 4% interest. Maturity forty years.
Denomination $1,000. Interest semi-annual. Certified
check on a national or State bank for 5% of the amount bid
must accompany each bid.
Bond Bill. Chapter 80, Laws of 1906, authorizes the
issuance of $100,000 street and highway improvement bonds,
provided that not more than $20,000 be issued in any one
—
year.
$5,500
Lamprecht Bros.&Cc,
Cleveland
a$5,685 35
Fireman's
Pension
Fund. Youngstown
Denison & Farnsw'th
Cleveland
5.676 50
Otis & Hough. Cleve.
5,675 75
W.J.Hayes&Sons,Cle.
5,671 00
|
—
NEW
LOANS.
5%
The School
District of Pine Bluff. Arkansas,
by
its
board of directors, offers for sale not less than 865,000.00
nor more than 875,000.00 of 5 per cent 20-year bonds,
and to secure p.ayment its entire real property may be
pledged. All bids to be in the hands of the President
or Secretary by 12 o'clock, noon, April 24th, 1906.
The
successful and accepted bidder to at once deposit certified check for one thousand dollars as evidence of good
faith.
S. M. TAYLOR, President.
MO. HANF, Secretary.
Albert Kleybolte
&
Co.,
$948 40
a$2,302 47
o958 00
8,060 00
8,056 75
8.043 00
$738 21
0745 50
2.288 00
2.291 60
2.304 00
950 75
955 70
741 50
743 90
The Security Savings Bank & Trust Co. of Toledo offered
$16,025 for the three issues of bonds aggregating $15,515.
In each case accrued interest was offered in addition to
above bids.
LOANS.
INVESTMENTS.
H.
Vicksburg, Mississippi,
20-Year Bonds.
a$8,063 70
$720
Wabash
Grading
o Successlul bids.
^1 i^,ooo
PINE BLUFF, ARKANSAS
$7 785
$2,230
" $925"
SouthAve. Hayes-Pearl
Wab.&King
Grading
Sidewalk.
Sewer.
Street
Signs.
Wilmington, N. C. Bonds Not to Be Issued at Present.
We are informed that the $225,000 20-year water-works
bonds, mention of which was made in V. 82, p. 654, will not
be issued at present. Our informant adds that these bonds
will have to be authorized by the General Assembly, which
does not meet until next January.
NEW
City),
—
—
&
(P.
—
—
City (Mo.) School District. Bond Election.
This
district will vote April 3 on the question of issuing $20,000
school-building bonds.
This town recently
Wellesley, Mass. Temporary Loan.
secured a loan of $10,000 for eight months from the North
End Savings Bank of Boston at 4.25%.
Wellston, Ohio. Bond Sale. This city recently awarded
$5,000 street-improvement bonds to the First National
Bank of Wellston at 105.55 and accrued interest. Following
are the bids:
First National Bank, Wellston. $5, 277 50] W.J. Hayes
Sons, Cleveland. .$5, 244
Lamprecht Bros. & Co., Cincin. 5,257 00 Hayden, Miller &Co., Cleveland 5,221
W.R.Todd &Co.. Cincinnjiti.. 5.255 OOl
Sioux
O.
Bond
— Further details are at hand relative toIowa.
the offering
on April 4 of the $180,000 coupon Farmers' Drainage Ditch
Proposals will be received until 2 p. m.
District bonds.
on that day by N. Jenness, County Auditor. Bids are requested for 4%, for 4J^% and for 5% bonds.
Denomination $1,000.
Date May 1 1906. Interest semi-annually at
the County Treasurer's office.
Maturity $36,000 yearly from
1913 to 1917 inclusive.
Worcester County, Md. Bonds Proposed. A bill recently
introduced in the State Legislature provides for the issuance
of not exceeding $25,000 road-improvement bonds.
Worcester County, Mass. Temporary Loan. This county
recently borrowed $25,000 at 4.45% discount from the
Worcester North Savings Bank of Fitchburg. Maturity of
twenty years and $4,528 32 part yearly for thirty years.
.'Waukesha, Wis. Bond Election. This city will vote
April 3 on a proposition to issue the $70,000 4% coupon water-works bonds described in V. 82, p. 654.
Webb
.
769
Woodbury County
Following are the
Offering.
Interest
—
W.
NOBLE & COMPANY.
Penobscot Bldg.,
Land-Title Bldo.
Detroit.
Philadelphia.
4 1-2 Per Cent Bonds.
IVIUNICIPAL
Sealed proposals will be received until 12 o'clock
noon, APRIL 2, 1906, by B. W. Griffith, Mayor,
Vicksburg, Miss., for the purchase ol $115,000 00 of
the City of Vicksburg 4>^ per cent Coupon Bonds.
Denomination $500 00. Date, May 1st, 1906. Sealed
Bonds, payable as follows: $1,000 00 each year for
19 years after date; the remainder ($96,000 00) 20
years after date. Interest payable annually. Principal and Interest payable at the American Exchange
National Bank, New York City. Check tor $5,000 00,
certified by an Incorporate bank required with bids
Right reserved to refect any or all bids.
B.
W. GRIFFITH. Mayor.
409 Walnut Street,
CIKCINIVATI, O.
AND
PUBLIC SERVICE CORPORATION
BONDS.
Mobile City Bonds
Alabama State Bonds
Dealt In by us.
Wire ua Tour
Carefully Selected
Rudolpii Kleybolte&Co.
MUNICIPAL BONDS
BAHKiBS.
MACARTNEY & SCHLEY
And other Hio'h-Crade
D«AUB(I IN
BANKERS & BROKERS
Investment
RAILROAD
STREET RAILWAY
<VIUNICIPAL,
on application.
ERVIN & COMPANY,
BANKERS,
Members ^^®^ ^^^^
}
^*'"''^
T
Interatt Paid on Daily
B.
MUNICIPAL
Perry, Coffin
YORK.
and Tim* Depotitt
60 State
Service
Specialists
E. H.
onwriC
D^NUb.
and
CORPORATION
ROLLINS & SONS,
San Francisco.
LIST
-
tIM
-
.
ILLS.
MacDonald, McCoy
APPL.ICAT10N.
VICKERS & PHELPS,
-
5
•
KUmCIPAL AMD
29 Wall St., N-w York.
Delaware & Hudson conv. 4s.
N. Y. N. H. & Hartf d Rll. conv. 3>^s.
H
•
•
BOUGHT AND SOLD.
B
&
Co.,
CORPORATION
BONDS.
I7Z
La
Salle Street, Chicago.
Jersey Securities.
New York and Philadelphia
Stock ExchauKes.
of
Private Wires to
N. Y. & Philadelphia.
172 WaBhingrtou Street,
CHICAGO,
New
BANKERS,
Members
Chicago.
in
EISELE & KING,
BOSTO:V.
Denver.
Street,
Uorporation
Philadelphia.
POTTER,
Burr,
BOSTON.
AND
Public
&
INVESTMENT BONDS.
IVIUNICiPAL
Drexel Building,
York.
and
Exchange,
INVESTMENT.
43 Exchange Place,
New
BONDS.
27-29 PINE STREET, NEW
Philadelphia Stock Exchange.
BONDS FOR
MOBlL,E. ALA.
Securities.
Full desoriptione, showing price and Income
OfTerliiK.
957-73W nroad Hu,
NEWARK.
MUNICIPAL AND RAILROAD
BONDS.
laaT ON APPLICATION.
SEASONGOOD & MAYER,
lllerrantlle Library Bnlldias,
CINCINNATI.
THE CHRONICLE.
770
LXXXII.
'^01..
l^tuaujctaL
^iuaucial
OFPICK OP THK
Adrian H. Muller & Son
ATLANTIC MUTUAL INSURANCE COMPANY,
AUCTIONEERS.
Regular Weekly Sales
New York, January
The Trutteea. in eonformtty
Premiums oa
Premiumfi on
tpith the
Charter of the
Company, tubmtt
altairt on the Zl»t of December 1905.
Marine Risks from Ist January, 1906. toSlst December, 1906
Policies not marked oS 1st January, 1906
Total Marine Premiums
$295 ,738 .65
99.338.33
Interest received during the year
less
Taxes and Expenses
$3,694,406.94
$395,076.98
No.
«>flice
.vrKEET
56 WIL.L.IA.n
Corner Pine Street.
Blodget, Merrict
6c
Co
,
BANKERS.
•
$130,068.59
35 ,947 .85
BONDS
and
EVEKY WKDNESDiY.
$3,012,213.90
Losses paid during the year which were estimated in 1904
$271,100.60
and previous years
827,295.95 $1,098,396.55
Losses occurred, estimated and paid in 1906
Less Salvages
Re-insurances
STOCKS
616,661^7
December, 1905
let January, 1905, to 31st
OF
iU
$2,077 ,864 .3<
-
Premiums marked oB from
Rent,
23rd. 1906.
the toilounno etaiement oj
166,016.44
6 Concrress Street Boston.
.tt«NA»MAi; 8TaEET. NKW YUIIK.
8932.380.11
$80,615.47
Returns of Premiums
Expenses, Including officers' salaries and clerks' compensation, sta$374,746.88
tionery, newspapers, advertisements, etc
The Compainy has the following Assets, viz.:
$6,198,042 00
United States ana State of New York Stock, City, Bank and other Securities
.'
1,683,212.84
Special deposits in Banks and Trust Companies
$4,299,000.00
Real Estate comer Wall and William Sts. and Exchange Place
75,000.00
4,374,000.00
Other Real Estate and claims due the Company
Premium
notes and Bills Receivable
Cash
in the
Cash
In
losses
under policies payable in
-
-
Bank
C'lTf
for-
176,632.33
267,866.62
-
-
* RAlLROAn K0N1I8.
MUNICIPAL AND
PUBLIC FRANtHISE CORPORATION
BONDS
Boufflit
1,127,674.88
hands of European Bankers to pay
eign countries
STATE
W.
and 8old.
HAYES & SONS.
J.
BOSTON. MA.S8.
CliEVEl AND. OHIO.
$12,716,427.62
Aggregating
A dividend of Six per cent interest on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday the Sixth of February nextThe outstanding certificates of the issue of 1900 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday the Sixth of February next, from which
date all interest tbeeon 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 3l8t December, 1905, for which, upon application, certificates will be issued on and
after Tuesday the first of May next.
By order of the Board,
O. STANTON FLOVD-JONES, Secretary
Atlantic nfotanl Insorancp
ot All ¥t-ara
Company Scrip
Housbt and Mold.
JOHN M.GILLESPIE,
Boom No. 518 Atlantic Bailding',
NEW YORK.
49-51 Wall Street,
TRUSTEES.
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
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,
EWALD FLEITMANN,
ANSON W. HARD.
MORRIS K. JESUP,
THEODORE P. JOHNSON,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL
GEORGE H. MACY,
CHARLES H. MARSHALL.
W. H. H. 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,
WILLIAM C. 8TURGES,
RAVEN, President.
CORNELIUS ELDERT, Vice-Preeident.
THEO. P. J OHNSOii 2d Vice-President:
J AMES. L. LIVINGSTON, 3d Vice-PreHdenl.
A. A.
THE SOUTH.
Business Opportunities, Investment
Securities, Real Estate, Timber, Mines,
Industrial Properties, Farm or Town
in all parts of the South.
Mortgages
METROPOLITAN INVESTMENT CO
GEO. B. EDWARDS. President, Charleston. S. C
Commercial and Financial Agent. Business undertaken
to all parte of the
world.
Satisfactory references.
,
BARROW, WADE, GUTHRIE & CO
viAr^alLA
CERTIFIED PUBLIC ACCOUNTANTS
(New York and
Ni^.W
27 Pine
SAN FR AM CISCO,
HEW ORLEANS,
Exchange BIdg,
LONDON. ENGLAND.
St.
66 Wall
Street,
New
Vork.
DENVER, COLO.,
Hibernia Bank BIdg.
18
AND JUTE
Mills Building.
Royal Insurance Building.
Street.
SISAL
CORDAGE.
Illinois.)
CHICAGO,
YORK,
The American Mfg. Co.
Lane,
Swithin's
E.
C, Cable, "Adorjest."
A. Strassburger,
STOCKS AND BONDS BROKER.
Southern Investment Securities.
montgomest, ala.
Whiting Papers
Sufllttjcjcrs
J.
G.
WHITE
&
CO.,
Engineers, Contraciors,
43-49 Exchange Place, • NEWBYORK
InveatiKntionM nnd Repnrti* on Electric
Uallway,
(»a8,
EIrctric
nnd
Invrslorii.
I>li{lir,
and
Po^vcr Traiiismissloii Properttes
um-Uuhoiik
for Flnnn-ial
Jan. and Feb., 1903.
and Electric
Power Plants Financed, Designed and Btiilt.
London Correspondent:
J. G. WHITIi: Ac €0., lilmlted,
Electric Bailways, Electric Light
Collene Hill, Cannon iSt.
Canadian Correspondents:
M^Za.
WHITK
<;0.,
Investors Jan. 1901, 1902 and 1905.
Quotation Jan., Feb. and March, 1901,
I
OANA^DIAN
SUPPLEMENTS
WANTED.
CHRONICLE
Limited,
Will pay 25 cents a copy for above.
COMMERCIAL, & FINANCIAL CHRONICLE.
7()H Pine Street. New York.
Pot Fli>e Correspoudenc*
for General Business Uses are
standard, made in Ledger, Bond,
Linen and Fine Writ'ng in rariety.
and
WHITING PAPER CO,
New
Montreal.
Principal Philippine Office, Mnnlla, P.
Street Railway Feb.-, 1905.
York.
Philadelphia.
Chicago.
lUtlUi liolyoke. iHhm.
I.
@FedFRASER