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^
INCLUDING
Bank and (Rotation Section
and City Section (semi-Ammaiiy)
Street Railway Section (^^^aSf^')
State
(MontMy)
Railway and Industrial Section (Quarterly)
Entered according: to Act of Consress, In the year 1905, by William
VOL.
B.
Dana Compant.
SATURDAY, MAY
80.
in the office of Librarian of
27,
NO. 2083.
1905.
—
1905.
May
ending
li'eek
Clearings at
Confess, Washington, D. U.
1904.
Inc. or
Dec.
20
1903.
1902.
PUBLISHED WEEKLY.
Terms
ot Subscription
—Payable
in Adrance
For One Year
For Six Montlis
European Subscription (including postage)
European Subscription Six Montlis (including postage)
$10 00
6 00
13 00
7 50
Annual Subscription in London (including postage)
Six Months Subscription in London (including postage)
£2
£1
148.
lis.
—
Subscription includes following Sections
state and Crrr (semi-annually)
Bank and quotation (monthly)
EAILWAYAND INDUSTRIAL (quarterly) Stkkkt Kailway (3 times yearly)
I
Boston
Providence
Hartford
138,974,217
9,109.900
2.893.64S
New Haven_
5!.010,289
Springfield
1.691,316
1.580.379
1,585.138
797.741
Worcester
Portland
Fall River
Lowell
New Bedford
Hol.voke
Total New England.
124.034,398
6.961,000
2,321,816
1.958.938
1.4K().725
of Advertising
Chicago
—Per
Inch Space
Cincinnati
Cleveland
Transient matter per inch space (14 agate lines)
Two Months
Three Months
Months
Twelve Months
Six
I
$4 20
22 00
29 00
50 00
87 00
times)
timesj
times)
times)
(8
(13
(26
(52
CHICAGO OFFICE— PUny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
l¥IL.IiIAITI B.
Post
DANA COMPANY,
Office
IndiaaapoUs.
Columbus
Peoria
Toledo
C.
SpriUKlleld.
YORK.
Lexington
Canton
Rockford
Springfield,
CLEARING BOUSE RETURNS,
O
Bloomington
Quincy
Decatur.
The following table, made up by telegraph, etc., indicates Mansfield
Jacksonville
that the total bank clearings of all the clearing houses of the Jackson
United States for the week ending to-day. May 27, have Ann Arbor
Fort Wayne
been $2,776,731,974, against $3,726,710,398 last week and South Bend
Total Mid. Western
11,768,969,128 the corresponding week last year.
Clearings
—Retttrns uy Telegraph,
Week Endino May
New
San Francisco
Los Angeles
1905.
27.
York.
1904.
+76-8
+16-8
+21-8
+43-7
Boston
11,986.751.573
317,288,973
(51,242.952,771
247,181,426
+59-9
+28-4
$2,304,040,546
472.691,428
?1,490.134.197
298,834.926
+54-6
+58-2
42,776,731,974
$1,768,969,123
+57-0
Philadelphia
112.03-2,795
Baltimore
Chlcaeo
St. Louis
New Orleans
20.588,706
156.774.720
50.377,yb8
13,763.319
Other
cities,
Total
The
5 days
5 days
Iday
All cities,
Total
5 days
all cities,
all cities
for
Seattle
SaltLakeaty.
*862.684,591
92.908.150
91,960,989
14,330,048
124.481,173
44.728.279
11,859.561
$l,525,il9,0a0
108,094,935
,
Seven cities,
P. Cent.
,
week
Spokane
woek covered by the above will be
given next Saturday. We cannot furnish them to-day, clearings being made up by the clearing houses at noon on Saturday, and hence in the above the last day of the week has to
be in all cases estimated, as we go to press Friday night.
full details for the
We present below our usual detailed figures for the previous
,
Tacoma
Helena
Fargo
+259 Sioux
+12-6
+16-1
,
Portland
Falls
Total Paclflc
Kansas City
Minneapolis
Omaha
St.
St.
,,
Paul
Joseph.
Denver
Des Moines
Sioux City
Topeka
Davenport
Wichita.
Colorado Springs
Cedar Rapids
Fremont
Pueblo
Total other West'rn
Louis
St.
New
Orleans-.
Louisville
Houston
week, covering the returns for the period ending with Satur- Galveston
day noon, May 20, and the results for the corresponding Richmond.
Savannali.
week in 1904, 1903 and 1903 are also given. Contrasted with Memphis
the week of 1904 the total for the whole country shows a gain Atlanta
Nashville
of 35*8 percent.
is 19*8 per cent.
Outside of
New York
6,'?7,540
4-24,603
+16
-150
+18
Week ending May
+7 9
416.265
439,739
473.892
160.064.90"
141,658.710
+13-0
142,074.173
140,904,114
184,236.653
24,852,150
14,425.405
12.565,915
7,511.621
6.996.830
4,804,900
2.639.480
158.449 690
24,700,700
11,830,269
10,568.496
7.343.879
6.198,466
4,531.300
2.591,543
3,081,803
2,069,984
1,643,518
995,861
549,000
+ 16-3
177,534.549
23,890,650
15,989.187
10,438.817
7,134,134
6.585.069
5.321.400
2,670,325
3,039,074
2,155 940
1.738.425
1,171.343
855,800
567,139
915,094
696.220
510,789
512.640
418.478
398,943
802,498
281.509
203.804
155,212
190,09!
78,833
154,462,253
20,210,860
13,326.577
10,358,691
6,678,365
4.936,691
3,984,650
2.547.847
2,688.808
1,548,481
1.405,063
1,000,507
693,000
528.669
636.768
546.540
454,653
522,102
394,338
864,483
303,030
316,000
238,651
202.428
149.784
244,510
80.857
—
1905.
1904.
Inc. or
Dec.
"/n
New York
Philadelphia...
Pittsburgh
Baltimore
Buffalo
Washingion....
Albany
Rochester
Scran ton
Syracuse
Wilmington....
Reading
Wilkes Barre-.
Wheeling
...
Greensburg.....
Cheater
Erie
Franklin Pa...
Total Middle.
,782,317.703 1.219.1R7.581
141,740,019
100.519,654
,S8.075.14t)
48,392,710
1 LI .703,^27
22,830,48^
S.l 1)2.9 12
7.449.482
3.9y9..'-S(l
4.961.803
4,402.05.''
4.923.123
3.299..j3h
2,947,542
1.700,000
1.761,432
1,555,605
1,548,810
947,039
1,080,590
1,001.646
700,589
533,000
559.630
484,420
666, 73B
232.8H2
2,0)}5,276,997
1902.
$
446-2 1.888,294.606 1,356.058,894
--41-0
129,232.978
124,8(31,037
-27-1
55.298, s;),5
--16-9
23,187.562
7,522.347
46,312.041
21,649,814
5.820,511
-
-8-1
+24-1
+11-9
4-11-9
-3-5
-H)'5
—8-8
1,038,4,57
+6-9
1,010.516
879,256 +13-9
705,72^
474,900
893,537
415.906
530,446
211.578
1903.
-07
+122
4.1^4,431
3.983.237
2.672,830
1 647.004
1.511.948
1,249,829
3,592..S-25
922,535
735.189
435.900
673.450
535.994
471.845
901.962
832.414
872.400
463,190
830,333
4.019.200
2.494.N.S2
1.453.310
1,186,077
1,111.099
442-2
+16-5
+6-8
+10-1
196.0;fe
1,405,868,006 +44-1 1,622,660.648 1,670,493,089
-17-1
+
14-7
743,940
-0-6
657,199
793,216 —35-8
432,649 +15-8
-1-6
325,050
3-24 010 +12-3
—13-8
360,725
+7-9
242.694
173,171 +103-8
161,978 +40 1
257,647 +28-7
85 871 4-11-4
Not include d into
Not Include d in to
348,-296
tal.
tal.
+14-0
864,044.254
228,817,840
28,105,364
6.603,020
+24-4
--441
3,64S.48'
--52-3
--23-8
--41-8
—693
26,759.701
5,999,343
3,694.613
2,885.632
2,870,032
8.031.906
1.901.344
21.889,788
4,601,800
3,084,637
2,988,934
2.765.604
1.433.850
1.537.237
--60-8
419,-295
-13
04
388,865
229.284
671.773
321,760
203,615
65,585.618
49.496.119
+32-5
47.179,975
38,894.071
22.861,356
16.474.592
7,706.535
6,213,340
4,523.438
6.347,786
2,457,410
1,517,578
1.178,638
745,893
1,079,41'
700,000
504.556
151.451
17.413.474
10.314,812
7,750.451
5.577,611
4.982.927
-1-31-3
18,756,574
11,578.408
7,887,784
5,768,281
5,044.702
4.913.948
1,985.754
1,171,637
1,226,028
821.590
805.687
513.220
16.168.390
9.949.742
6,898 169
4.737.633
4,706.113
4,044,697
2,038.787
1,327,689
1,047,787
772,455
3ti2.204
72,521.490
59,438.620
15,927,512
11,860.582
7,006.674
4,670.000
4.527.658
3.127.4«7
4.186.481
2.977,858
2,912 228
1.872,021
l,081,'2iJ6
1,4-22,390
Chattanooga
851,072
Jacksonville
1,345.777
246,185
1,049.807
Total all
Outside New York.
+110
239,909.056
831,551
1,079,640
1,265,057
368,709
Columbus, Ga
Mobile
Total Southern
+26
+36-8
+3-3
34.966.354
9,516,445
5,555.422
3.214.907
4.428.131
3,035.179
3,331.370
605,473
485,737
246,600
Little Rock......
Macon
62;i,60
572,1911
+0-6
+21-9
+18-9
+23-9
+34'6
+6-0
+1-9
+24-8
—2-1
396.034
273,469,001
2.201,587
Knoxville
Charleston
20.
1,684.851
1,604,03
1,450.051
934.074
+4-8
122,682,857
7,098.800
2.582.600
1.572.596
1.522.760
1.528.950
1.360.728
1,123.430
500,220
475,133
439.738
Worth
Birmingham
Fort
Clearings at
Blnghamtou
the increase over 1904 Norfolk
Augusta
+ 13-8
+266
124,011,676
6,894.700
2.577.315
1.687.550
525.518
567,000
692,194
474,547
853,864
652,982
509.146
500,987
820,466
863.822
314,644
261.902
352,948
226,958
331,601
95.692
696,457
895,256
Ill
Youngstown
Kalamazoo
+24-6
+2-^
446.430
501.212
474.637
3,844,061
a,026.699
1,685.435
1.361,701
Grand Rapids
Dayton
EvansviUe
Akron
Publishers,
Pine Street, Corner of Pearl Street,
Box 95S.
NEW
Detroit
Milwaukee
+309
1,248,5n3
1,519 8.S1
1
Terms
+12
129,790.3S5
2,606,49^
3.128,163
2.865,453
1,967.564
501.032
429,852
246.691
4,028.90'
2.327,682
1,221,323
2'^'
913.
712.939
1.004,585
533 287
368.025
--;«o
—
1
+59-2
+0-1
11-4
+—9-2
+57-5
+5-0
-f24-2
+89-0
+4
6
+7-4
—8-6
166,049
Not include d in
+26-5
+0-8
18,602.6-29
+171
11.387.904
5.070,180
3,291.000
4,096,265
2.819.747
4,046.008
2,513,862
2,454.064
1.581.000
941,949
1,345.773
1,160.203
828,626
1.268.602
1,005,576
301,459
844,74a
852.556
237,721
+4-2
-f38-2
-f41-9
+10-5
4-10-9
+3-5
+18-5
--18-
--18 4
--78 5
-63 6
2,726,710.398 3.007476.894
60,665,689
52,435,364
13,871,930
9,247,353
5,129.855
8.843,500
8,062,001
2.662,552
8,756,028
2,372,741
2.168.917
1.S80.766
763.636
-
1,539,631
1,169,644
--22-6
+0-4
-14-9
831,660
1,298,458
1.056,313
662,000
680.703
383.832
-f24-8
+22-8
-fO-7
+57-9
+90
Not Include din to
lft,221,044
152,136
to fal.
64.124.147
57,350,349
479,690
600.000
-(-37-1
63,913,929
48.872,71*
11,680,053
8,719,369
6.088,022
3,385.500
8,812,093
3,019,780
8,040,891
8.008.262
1.703,043
1,337,723
968,423
1,199.630
1,091,144
850.324
690,625
628.000
577.483
847,822
tal.
+13-6
108,822,884
98.880,794
+85-8 2215.253,623 3,180.903.841
941,392,095
788,309,313
-i-19-8
85,805,055
19.028,476
6,080.221
1 .660.298
2.277,712
20,644,099
17,622,502
4.825,880
1.821.(M0
1,909,240
21.000.677
17,613,987
4,682.855
1.519..542
1.4K},70rt
1,-228,164
1, 5-24,741
+26-0
+18-1
+26-0
-«-7
+19-3
-0-8
+2-5
-1-6
-10
970.569
806.594
799 082
905.81^
63,285,698
47,827,e9ft
856,958.92
774,844,947
Canada—
Montreal
Toronto
Winnipeg
Halifax
Ottawa.
Quebec
Vancouver
Hamilton
St. John
Jjondon
Victoria
Total Canada
1,447.776
1.248,373
946,965
918,504
729.900
956,3,'i4
68,578,648
53,435,374
790,661
644.699
+15-4
+18-2
+17-1
1.318,373
22.269,860
12,841,847
3,221.501
1,.39 1, 054
2,195,456
1.343,621
1,218,'296
2,0'i8,576
982, 187
801.117
789.368
1.86S.257
2.0-25.641
THE CHRONICLE.
2188
>xxx.
never having heard of a gas company so formed that hai
been taxed out of existence or met death by forfeitura
OUR STATE AND CITY SUCTION.
franchise
of its
at
the
own
municipality's
valuation.
"We send to om- subscribers to-day the usual semiBut something similar to that seems to be the standard
annual number of our State and City Section. The
of honesty which is taught in some States now and
Btatistics and information in this publication have been
which there is danger of being adopted as the public
The
completely revised and brought down to date.
policy.
editorial discussions embrace an article entitled ^'Sinking Fund and Serial Method of Bond Payments,"
Some things of considerable interest in financial circles
and another entitled "Municipal Bond Sales During
have happened the current week. How far the recovery
1904."
in sentiment and stock values on Wednesday was due to
these events is not evident.
The recovery has proved a
TEH FINANCIAL SITUATION.
temporary aff^air anyway. The end of the Senate InterLast week closed and the current week opened with State Commerce Committee rate hearings was reached
Preceding on that day, and the committee adjourned to meet again
the stock market completely demoralized.
that general break-up there had been a long period of two weeks before the assembling of Congress.
It is
by fluctuating values,
declines, interrupted
continued
during which recoveries had never been more than par-
Ko
tial.
change in material
things can be mentioned
account for such
sufficiently radical to
a
persistent con-
break-down embracing within
traction, closing in a
depressing influence the whole body of securities
in on the
The
Exchange.
eral discredit can only be
that
rities
state
was
dealt
origin of such a state of gen-
explained on
cause equally deep and universal.
an unhealthy
basis of a
It evidently
source
of
discredit.
failure of the Merchants' Trust
Company
this
Our
The
dence disclosing the nature
ot the prevailing influence.
Growing discredit in and instability
will be
framed by the com-
not extend to the Inter-State Commission
to
make and put
the operations of private
among
bill
will
the authority
in force railroad rates, but will
the Inter-State law, providing
broaden
other things that
car lines shall be placed under
Federal supervision, that the Elkins Anti-Eebate law
will be
made more
specific, that
the
obtaining of evi-
railroads will be facilitated
in cases
the granting of rebates or of special privileges
etc.
the
It
was
also
sides; that
is
where
charged,
claimed that a compromise between
President and
week was which would
old and special case of no importance whatever as evi-
bill
mittee and introduced at the next session, the
was not dence from
unsoundness in secu-
of trade or
the
the
financial institutions were never in better shape.
an
its
claimed that although a
result
the
in
railways
acceptable
had
been
legislation
reached
to
both
statement was not confirmed nor generally
believed.
of stock values express
the character of the development which has been in opera-
Another important work has been the removal of friction displacing the buoyancy and hopefulness which tion which may have existed as a result of recent trans have been the bases of the progress which preceded the actions, and the cultivation of harmonious relations, bestate of stagnation and declines.
We have many times tween the Hill and Harriman interests. Indeed, reprepointed out the paramount disturbing agency which is so sentatives of both parties claimed that the differences
fatal to credit. Chief reference is had to the undisguise d had been greatly exaggerated
that they related to matcapital
almost
all
war against
in
its various forms, the
ters of opinion as to executive policy chiefly if not
most conspicuous of which being the attack on railroads, wholly. But as the interests of each party were great,
our largest industry.
and if permitted to continue antagonistic in any measure
conspicuous and more recent phase of this war on might develop into rate wars, or end in building roads in/apital is found just now in the frenzy existing for tax- vading the territory of one another, or lead to even more
ing corporations.
It is becoming a serious item afiect- important misunderstandings, it was thought desirable
ing every enterprise.
The public cannot too clearly that a state of harmonious action should be established.
understand that all taxation is an interference with the The only real difference settled was agreeing jointly to
freedom of individual efibrt and with the power to estab- build a short line into a new territory, the opening of
lish new industries.
Its tendency is to drive young men which had been the subject of dispute for several years.
into speculation as a means ot livelihood instead of hard These announcements by representatives of both parties
work.
Of course it is right and just that all capital and the settlement noted were followed Wednesday by
should be taxed; but excessive taxation recoils on the substantial advances on the Stock Exchange in all the
State and on the masses.
Note also how absolutely dis- properties concerned.
similar the course ot public action is to-day compared
further subject urged as a source of prospective
with previous periods.
Formerly not only were disturbance in trade circles has been the Treasury
speciai facilities
ofiered
for
corporate organization deficit; this situation was clearly presented by Secretary
for every class of work, but these organizations and the Taft in his speech before the Ohio Republican Convenwork
they
were engaged
upon were otherwise tion on Wednesday. As to the manner of treating it, he
;
A
A
stimulated.
Kow
it
would seem that the
tax
test as to
did not belittle
its difficulties.
He admitted the existence
meet disbursements,
without taking the life ? At one time States even put a which could only be wisely corrected by extreme econpremium on all capital invested in railroads, in cotton fac- omy, which ho did not look for hence the Government
tories, in beet sugar, in mining projects and the like.
would be reduced to a restoration in considerable part of
rate
is
getting
to be,
how
severe
can the bleeding be
of a large deficiency in the revenue to
;
Belief from
many
cases
all
not
taxation was a
only was
that
common
stimulant
;
in
granted but in others
the internal revenue taxes existing during the Spanish-
war
or to
tariff
legislation.
The conclusion we draw
an attractive douceur was added. This incubating pro- from Mr. Taft's remarks is that as he could not anticipate
»ies3 has on occasion been applied for the formation of
economy as the cure, internal revenue taxes would be
ttreet railroads and also of gas companies.
We admit the safer reliance. Even then, as tarill changes would
May
fr
:he chronicle.
27, 1905.]
2189
presumably be a feature in the discussion, action should
until opportunity shall be ofiered for
be judiciously taken and " every effort
tion.
minimum
made
cause a
to
of business disturbance."
It
The week's weather bureau report, containing its
summary of crop conditions, was issued Tuesday afterAlthough
noon.
it
stated in general terms that
weather conditions of the week ending
''
the
May 22
have been
generally unfavorable," with certain exceptions which it
names, its results in leading particulars were highly
For instance,
favorable.
it
wheat gener-
says, "winter
promising, although complaints
ally continues
of rust
and short straw from sections are received." Again it
states ''that more favorable weather conditions during
the latter part of the week have caused spring wheat to
improve rapidly, and this crop is now making satisfactory progress except on low lands in i^Torth Dakota,
where slightly damaged by flooding, and some scattered
fields of the late
we
is
are told in
satisfactory."
sown are
From
weather conditions
(2) spring
Again
we should conclude
the foregoing
—notwithstanding the unfavorable
—were doing
wheat and
drawing attention
thin in South Dakota."
that "the general condition of oats
it
that three crops at least
well;
(1)
We
(3) oats.
winter wheat,
are particular in
because the report has
to these facts
been generally commented upon by the press as unfaThe only respects in which it can be accepted
vorable.
as bearing that interpretation
With regard
to cotton,
we
and
as to corn
is
shall publish our
own annual
it
June.
in
circular form
As
to corn,
on Thursday, the
no doubt the
the state of growth a year ago,
first
compared with
crop,
but there
is late,
day of
is
nothing
present situation of that crop which forbids the
in the
much
so
is
the
take action inimical
now
fashion just
both on the part of
to the railroads,
refresh-
it is
ing to be able to note a case of the opposite type, where
commission has refused
State
a
clamor and
worked
sanction
the
The
carrying interests.
Alabama
Railroad Commission of
popular
to
which could not but have
steps
injury to
serious
yield
to
has for some time had
under consideration the matter of reducing freight rates
on the
within
lines
adverse
decision
its
head
the
of
general
a
to
Commission,
now given
revision.
The
and has
State
the
President
Comer,
B. B.
went on record as favoring the request for lower rates,
but the other two commissioners, W. C. Tunstall and
W.
T. Sanders, constituting the
mission, voted
have
hers
down
filed
majority
of the Cora-
proposition.
These two meman elaborate opinion, the full text of
the
which was published in the "Montgomery Advertiser'^
of May 17th, showing the grounds upon which their
action is based.
The opinion must be considered
an able document.
reviews at length the law
It
and the evidence in the case and treats the whole
subject in an exhaustive and dignified and convincing
way.
The
investigation originated in an application for a
on fertilizers over the Seaboard Air Line
Railway from Montgomery to Hurtsboro, Ala. From
this it was enlarged into an inquiry on the part of the
Railroad Commission as to why there should not be a
revision and reduction on fertilizer rates on all roads
operating in Alabama.
Later the inquiry developed
specific rate
belief that the yield, with good weather hereafter, will
into a general investigation of all freight
be a
eral railroads operating in the State
full one.
and to
to favor
and the general Government, that
the States
cotton.
acreage and condition report next Saturday, and shall
issue
final disposi-
their
tariffs,
the sev-
having been cited
show cause why their tariffs should not be reduced.
The opinion first refers to the statutory powers given the
Alabama Commission under the Act approved February
28 1903. Part of the statute is quoted showing that the
law directs the Commission so to revise the tariffs
" as to allow a fair and just return on the value of the
railroad, its appurtenances and equipments."
Reference
is then made to the various decisions of the United
States Supreme Court defining and limiting the powers
to
As
elsewhere noted, final payment for the Japanese
made on Thursday, when the amount received
syndicate who negotiated the issue was about
loan was
by the
Bankers having
$56,000,000.
Japanese Government profess
as to the
close relations with the
to
be entirely uninformed
Government's intentions with regard
was intended, as
the money would be held sub-
sition of the proceeds of the loan.
originally reported, that
to the dispo-
If
it
ject to requisition for supplies, such use of
it
will be im-
the effect that in revising
countered in the shipment of material, owing to the
tic
presence
waters.
of the Russian fleet in Chinese or
If,
pending the removal
of
these
Japanese
obstacles,
money shall remain on deposit with the
syndicate who negotiated the loan, some arrangement
will probably be made for its profitable employment to
the
the advantage of Japan; but that
ment between
that
is
a matter for
Government and
settle-
the syndicate,
for obvious reasons neither will be inclined to give
licity to their plans.
It is
and
pub-
claimed that there would be
Separate
domestic business.
each
for
pears
of the
the
that
From
highest
earnings
these
Alabama upon domestic
domes-
by
itself.
of
are
figures
any
given
it
road
apin
business
the fiscal year
ending June 30 1904 were 4-9 per cent and that the
average earnings of
was originally intended, such
there
much
that rate of interest.
It is inferred,
calculations
roads.
the purposes for which
expense.
all
all to
The majority members of the Commission, therefore,
have made very extended computations to determine
just what Alabama railroads are earning on their
cent,
transmission involving too
and fixing State
tariffs
business must be considered and treated
no advantage in the transfer of the money hence to London if later it should be advisable to bring it hither for
it
These decisions are
of State rate-making bodies.
practicable at present, because of the obstacles to be en-
The
all
for
the roads
was only about 2-G per
while in four instances the roads netted
legal rate of interest in
is
Alabama
is
deficits.
8 per cent, and
no restriction against private capital earning
The opinion well
says that while
inasmuch as the Japanese Government
would not assent to any course which would tend to the
derangement of the money market, and as the transfer
large capital
of the funds would most likely cause such derangement,
pared, therefore, with the returns
the proceeds of the
forms of investment, the showing of the Alabama road*
therefore, that
bonds will remain on deposit with
the syndicate, either in some invested form or otherwise
is
generally contented with smaller returns
than small capital, yet
business
is
is
entitled to
a poor one.
all capital
its
invested in legitimate
reasonable earnings.
As com-
allowed upon other
THE CHRONICLE.
2190
It is thus obvious that it
ii,ission
was not
reach any other conclusion than
to
Com-
possible for the
that an-
nounced, namely that the earnings of the several railroad
companies operating in Alabama
'^are
not in excess of a
and just return upon the legitimate value of the
property employed in the creation of these earnings, and
that to reduce local rates in this State (Alabama) at this
time would deprive the carriers of earning that compensation contemplated by the Act creating the Commission
and declared by the Courts to be their just reward, and
fair
[Vol.
lxxx
'
majority at 2^ per cent.
On Friday loans were at 2^
per cent and at 2| per cent, with the bulk of the business at 2^ per cent.
Time loans were easy, and the inquiry was chiefly for contracts maturing towards the close
year and early in the new year. Rates
on good mixed Stock Exchange collateral were 3 per
of the current
cent for sixty days, 3J for
3^^3^
ninety days to five months,
and 3^^3^ per cent for seven to eight
months. There was a good demand for commercial
paper and only a moderate supply, and quotations were
for six
and check the improvement of 3|'2)4J per cent for sixty to ninety day endorsed bills
receivable and for prime four to six mouths' single
.railroad facilities in this State."
The decision is obviously a wholesome one. The sev- names and 4J®5 per cent for good names of these mawould operate
eral roads
vised
to retard
ordered to submit within forty days re-
are
tarifis,
but this
recting "some
is
done merely with a view
cor-
to
and discrimina-
inequalities, inaccuracies
tions" existing in special cases. Incidentally
it is
pointed
out that, in comparison with the four States of Georgia,
and Tennessee, the Alabama local
rates are higher only than the one State of Georgia;
and even as to local rates, in comparison Avith
there
are
a large number of comState,
that
Mississippi, Florida
which
modities
a
take
Alabama,
there are many commodiGeorgia.
These compar-
lower
though it is not denied that
ties which bear a lower rate in
rate
turities.
in
The Bank
changed
at
of
England
2^ per
cent.
rate of discount remains
The
un-
cable reports discounts of
bank bills in London 2J per cent.
The open market rate at Paris is 1 J per cent and at Berlin and Frankfort it is 2|'S)2^- per cent.
According to
our special cable from London the Bank of England
gained £970,747 bullion during the week and held
£37,550,539 at the close of the week. Our correspondent further advises us that the gain was due to imports of £558,000 (of which £8,000 from Australia and
sixty to ninety-day
£550,000 bought in the open market), to exports of
interest felt in the subject, it being admitted that they £45,000 (of which £25,000 to Gibraltar and £20,000 to
have no pertinence to the issues which the Commission South America), and to receipts of £458,000 net from tha
was called upon to decide. The controlling considera- interior of Great Britain.
tion was whether existing rates permitted earnings in
The foreign exchange market was strong early in the
«xcess of "a fair and just return on the value of the railroad, its appurtenances and equipments," thereby making week in response to a good demand for remittance by the
As has been seen, the steamers sailing on Wednesday and Thursday; the tone
reductions in rates justifiable.
isons,
facts
however, are made simply because of the wide
and the evidence were
all
then grew easier, indicating the partial satisfaction of the
the other way.
The
inquiry.
early strength
was attributed
to
a
demand
Associated
payment of those Southern Pacific 4J
per cent bonds which will mature on June 1 that are
held abroad, and also for securities which have been sold
in our market for European account; there was likewise
some inquiry for the settlement or extension of maturing
The market was only moderately supplied
finance bills.
with bankers' drafts, and hence the sharp rise early in
the week in response to the somewhat urgent demand. One feature of the week was the negotiaof sterling loans for six mouths against stock
tion
collateral on terms much more advantageous than
At the same time other
those for domestic contracts.
IBanks showed, as the most striking feature, an expan-
finance bills maturing in ninety days, with the privilege
sion of $20,709,900 in loans, due to syndicate operations
of renewal, were negotiated to
There was no change in
any of the European banks
open market rates were easy
ofiicial
this
rates
of discount by
week, and unofficial or
at the principal centres.
Final payment on account of the Japanese
loan for
$75,000,000 which was negotiated in Xew York and
other American cities was made on Thursday, accordterms of subscription, and the
ing to the
amounting
syndicate
•emment.
to
sum
paid,
about $56,000,000, was deposited with the
disposition by the Japanese Govmarket
was entirely unaffected by
The money
subject
to
the payment.
Last week's statement of the
in which two of the larger
The
cash reserve was
New York
banks actively participated.
decreased by $4,759,000, as the
to remit for
the
of these drafts
uting to
easy
some
extent; the proceeds
were loaned on the market, thus contrib-
money
rates
for
the
six-months period.
pending bi-monthly settlement on the
Treasury call of April 5th, and deposits were increased London Stock Exchange which will bei^in on Monday,
by $14,932,000. The surplus reserve decreased $8,492,- there was a good demand for cable transfers. Though
Japanese bonds which were
for the
final payment
COO to $8,219,975.
placed hei-e in the last week of March was made on
result of surrenders of public
Though
funds in response
the bank statement of last
week was
to the
quite un-
Owing
to
the
Thursday, there were no indications of preparations for
the remittance of any portion of the sum to London, and
money was not affected thereby
and rates were easy. Money on call, representing bank- possibly none of it may be forwarded at present. The
from the Japanese
ers' balances, loaned at the Stock Exchange at
2J per money is held awaiting instructions
cent and at 2 per cent during tlie week, averag- Government, and bankers who represent that Governfavorable, the market for
ing
about
panies
Monday
2^
quoted
per
2^
per
cent;
cent
banks
as
and
trust
com-
the miniuium.
On
ment
assert that
they have received
no instructions
re-
Gold received
garding the disposition of the fund.
at the Custom House during the week, $91,930.
and thereafter until Thursday loans were
at 2J per cent and at
Nominal quotations for sterling exchange are 4 85^®
2J per cent, with tlie bulk
of the business at
2J per cent. On Thursday trans- 4 80 for 00 day and 4 87i'S)4 88 for sight. Eates for
actions were at 2^ per cent and at 2 per cent, with the actual business ou Monday were 5 points higher, com-_
May
THE CHRONICLE.
27, 1905.]
pared with those on Friday of last week, for long and
for cables, at 4 8510'Si4 8520 for the former and at
4 8735®4 8745 for the latter; short was unchanged at
4 8705'S)4 8710. On Tuesday there was a sharp rise of
20 points for long, to 4 8530^4 8540; of 15 points for
short, to 4 8720'2>4 8725, and of 15 points for cables, to
On Wednesday the market was
4 8750'®4 8755.
steady at unchanged rates and on Thursday it was easy
at a decline of 20 points for long, to 4 8510®4 8520; of
6 points for short, to 4 8715®4 8720, and of 5 points for
The tone was easy on
cables, to 4 8745'S)4 8755.
Friday, and while long was 5 points higher, short was 5
for sterling
Brown
60 days
Sight
( 60 days
Barine:.
MagounA Co. J Sight..
Bank British
< 60 days
No. America. I Sight .
Bank of
< 60 days
(Sight..
Montreal
Canadian Bank 5 60 days
of Commerce. J Sight
Heldelbach, Ick- } 60 days
elheimer&Co. Sight..
Lazard
i 60 days
Freres
JSlght..
Merchants' Bk. J 60 days
of Canada. ... (Sight..
j
&
Brothers
Co.
(
.
TXTES..
Wed.,
Mau
May
22.
85k
4 87J^
87ik
4 85^
4 87H,
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
4 85!^
4 87J^
4
85k
4s7k
.
MON..
May
4 85)^
4 85>^
4 87!^
.
The market
19.
85H
4 87k
4 85^
4 87k
4 85k
4 87k
4
2:;.
May
86
Fri..
May
25.
26.
88
88
88
86
88
86
88
86
88
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
85k
87k
86
88
86
88
86
88
66
88
86
88
86
88
86
88
86
88
85k
87k
85k
87k
85k
87k
85k
87k
88
85k
87k
87k
88
after a six
on
ready familiar topic of the
of ambassador and
to
following gives the week's
tribute to his personal
and from the
interior
Week ending Majj
26, 1905.
by the
Kew York
Rectired by
Y. Bnnhs.
iV.
Currency
Gold
Total gold and legal tenders
With
—was
is
Movement.
$4,704,000
908.000
847.000
Gain. $2,313,000
61,000
Gain.
S7.925,000
15,551.000
Gain. 82,374.000
Banks
interior
movement
as above
8u b -Treasury operation s
Total gold and
leg.il
tenders
...
Out
is
as
Net Change in
of
Bank
Banks.
23,200,000
Gain. $2,374,000
Loss. 3,000.000
$81,125,000
31,751,000
Loss.
The following table indicates the amount
the principal European banks.
May
Bank
Holdings.
?5.551,000
26,200,000
«7,925,000
$626,00(J
of bullion in
Nay 26,
25, 1905.
an eminent advocate who had been England's
England....
France
Germany*.
Russia.
Total.
Gold.
Silver.
£
£
£
£
£
37,550,539
114.826,794
41,174.000
103,805,000
37.550,539 32,680,338
44,360,898 159,187,692 109,408,298
13,724,000 54,898,000 35,919,000
6,227,000 110,032,000
84,395,000
a curious and interesting fact
£
32,680,338
45,017,110 154,425.408
12,620,000 48,539,000
8,279,000
92,674,000
47,923,000
18,103,000
61,026,000
47,209,000
12,975,000
60,184,000
14,789.000
21,760,000
30,549,000
14,716,000
20,057,000
34.773,000
Italy
4,003,100
26.100.100
6,588,000
1.543,333
12,063.700
22,602,000
3,584,900
20,166.900
22,097,000
6,730,100
6,258,200
12,988,300
5,476,700
Nat, Belg.*.
3,268,000
1,634.000
4,902,000
3,086,667
its
all,
matter
the
4,630,000
Tot. week... 392.608,433 110,651,998 503,320.431 354,987,003 111,082.54:: 106,009 546
Tot. prev
389.610,989 109,690,549 499.301,538 348.785,988 110.137,001 458,872.939
.
The division (between old and silver) given in onr tahle of coin and
bnliion In the Bank of Germany and the Bank of Belgium is made from the
best estimate we are able to obtain; In neither case Is it claimed to be
accurate, as those banks make no distinction in their weekly returns, merely
reporting the total gold and silver; but we beUeve the division we make Is a
close approximation.
*
that,
while our
foreign service during
years of our public history, was
politicians
our
that
lief
— nevertheless we
It
held
in most directions
we were
may
of the highest social and literary
be that
extremely fortunate
this
was an inheritance from the
ican independence,
very firmly to the be-
with a great European
representative
Power must be a man
when
earlier days of
tra-
Amer-
the imperial service of Frank-
London and of John Quiacy
Adams at St. Petersburg were among the important
chapters of our history.
However this may be, it is certain that our Ministers and Ambassadors at the principal European courts were of a character and efficiency
frequently surpassing that of the European diplomats at
the same posts.
How great a service the presence of
Jay
at Paris, of
men may
lomatic history
at
render at
may
instances referred
our dip-
critical junctures in
be judged, not only from the earlier
to,
but from the career of Mr.
Adams
London in 1861, of Mr. Hay at the same court in
1898 and of Mr. White at Berlin in that same year of
Spanish- American hostilities.
The question used to be asked rather frequently, how
it was possible for a man like Phelps or Lowell, with no
at
little
or no experience of
sort in public life, to serve the highest purposes
lotal.
Aust.-Hnn.+
Spain
Netheri'ds.
But, after
capacity.
constantly sending, as Consuls to important cities and as
any
SUver.
and merited recognition of the
a graceful
diplomatic training, and with
1904.
of
Gold.
out-
Ministers to the minor Powers, second-rate professional
lin
$7,017,000
Into
Banks.
In
admission as "bencher" in the
so lax as to reach the verge of absurdity; while
such
26, 1905.
and achievements.
a
comes back to the recognition which the British Gov-
many
follows.
Week ending May
by Mr. Choate has been
Government's management of
money
Sub-Treasury operations the result
the
of the right kind
which should be obno doubt that much
— an honor very charily conferred on
guest in a public
It
JVet Interior
Y. Banks.
is
al-
ain and the United States.
banks.
Shipped bv
(V.
There
tlie
by that ancient and exclusive corporation of bar-
siders
dition
of
criterion
qualities
formal
particular, his
usefulness
received
of the distinction
qualities.
movements
the
served in selecting him.
86
88
4 8475®
84 J, cotton for acceptance,
4 8485, and grain for payment, 4 85J'S)4 85J.
way
departure, bring up in an interesting
his
ernment and community gladly pay to any distinguished
American who has been so fortunate as to advance the
cause of international good feeling between Great Brit-
closed on Friday at 4 8510'S)4 8525 for
84J'(z)4
on him by the London community
88
86
88
86
88
4 8710'2)4 8715 for short and 4 8730'S)4 8740 for
cables.
Commercial on banks, 4 8475'<i)4 8485, and
documents for payment, 4 84J'S)4 85|. Cotton for pay-
The
of
otherwise, conferred
long,
ment, 4
Mr. Choate from the English Embassy
years' service, and the honors, personal and
The return
talents of
THtTH.
24.
86
88
TEE LONDON EMBASSY.
risters
DAILY POSTED BATES FOR FOREIGN EXCHANGE.
Fri..
J
Middle Temple
and cables 15 points lower.
The following shows daily posted rates
exchange by some of the leading drawers.
points
Mau
H91
of
We
have outgrown the provincialism which
inspired the question, and are now as a community
such a post.
aware that the sine qua non
is to
make
community
of a successful
himself thoroughly liked
to
which
he
is
ambassador
and respected
The
accredited.
in the
task
of
transmitting requests, demands or protests in his gov-
one which can be performed in some
sort by the most mediocre person.
In so far as he is
ernment's behalt
is
simply the mouthpiece of the
man
of
slight capacity
the occasion.
But
if,
home
could fully
administration, a
fill
on the other hand,
the
it
is
needs of
to
be his
community where he is the
to
t The Austro-Hungarian Bank Statement is now issued in Kronen and
guest a genuine liking for the country whence he comes,
Heoer instead of Gulden and Kreutzer. The reduction of the former currency
It was
to sterling £ was by considering the Gulden to have the value of 50 cents. As powers of a very different sort are called for.
the Krone has really no greater value than 20 cents, our cable correspondent
In London, in order to reduce Kronen to £, has altered the basis of conversion
by dividing the amount of Kronen by 24 instead ot 20
business
instill
in the
once remarked, by an acute observer, that a
volved in litigation where his character,
man
record
in-
and,
a
THE CHRONICLE.
2192
purposes
necessasily be discussed by a whole com-
'uill
munity, sliould engage the services of counsel eminent
in all respects
sel
«
;
the reason being, not that sucli coun-
be
of necessity,
will,
acquainted with the
better
I
Instead of orders coming in a perfect avalanche,
ceased.
had been the case ever since
as
Vol. lxxx.
October, intend-
last
ing purchasers are evincing apparently not the least
anxiety to buy, but rather manifest a strong inclination
law than one of obscure position outside his profession,
to hold off
but because lawyers of wide acquaintance and undoubted
the
—
defer the placing of further orders until
to
outlook
become more
shall
The
clearly defined.
most striking feature is that this state of things is noted
mere discussion which may occur not in any one branch or department of the iron and
in clubs and drawing-rooms.
This argument, which is steel trades, but in practically all departments.
We are in no better position to judge as to what the
by no means altogether fanciful, applies with double
social prestige can do incalculable service
to their cli-
ent's case through the
force in the case of foreign ambassadors.
due very
It is
hold the very honorable place conceded to the United
It has not
European Powers.
to
the interests of his country at the Court of St.
a time of
crisis.
On
cribed, partly to
the whole,
we
manage
James in months
— a fact
to
be
as-
well-known desire of the English
the
—
seem
fears
to exist in
views for the
moment
Wall
Street
—
are dominating
a complete collapse in the iron and steel
industry shall occur like that which marked the closing
should say that his
been an easy one
diplomatic task has
where gloomy
affairs
been Mr. Choate's opportunity
bring forth than the ordinary man.
likely to
is
we As, however, some
largely to our wise selection on such grounds that
States to-day by the
future
people for genuine friendship with America, but hardly
a very great master of international
lest
of 1903, it
existing
seems desirable
to point out that the
presents few points
situation
that prevailing at the earlier period
that time.
Quotations,
referred
on nearly so high a
place, prices are not
first
of analogy with
it is
In the
to.
level as at
true, are considerably
above
months ago, but on the
diplomacy occupied the State Department. With Mr. whole the advances have been moderate.
Bessemer
Hay at Washington, there has for all these past half steel billets furnish a good illustration. These are $3 50
dozen years been a clean-cut purpose and a grasp of the up from the low point reached last September; that is,
less to the fact that
international
situation
ruling
those
eight
which required only tactful ob- are now $23 00 a
servance of instructions by foreign ministers in order to
On
date.
to
$19
ton, against
other
the
twelve
hand,
at
50,
during
the earlier
practically
the
the fifteen months ending with May 1903 the
price
of
billets
ruled above $30 a ton and for a time above
must
been peculiarly fortunate. At
Activity based on a $23 rate is evidently
equally be recognized that even the plans of an accom- $32 a ton.
plished chief of the State Department might be largely quite a different thing from activity based on a $30 rate.
blocked when carried out through the medium of untact- There is another consideration to take into account:
In
carry out his purposes.
this
regard the country has
the
ful or
unwelcome foreign
same time
representatives.
demand
that our
The growing with
shall be
ministers
foreign
competent in their way as our judges are in
of
it
pride of our people in this sort of representation and the
general
whole
as
theirs, is per-
haps the most reassuring fact in the country's growth to
lower there
the price
recession as
inducement
the
at
is
not so
higher price, nor
much chance
is
there the
of a
same
for intending purchasers to hold off in expec-
tation of a lower quotation later on.
Here, then,
we have a
point not
of similarity but of
a world-power status. Impulsive as our people may great dissimilarity with the earlier period. In brief,
have shown themselves, in their newly-aroused interna- while the steel trade has been active and buoyant, there
tional ambitions, they have displayed no desire for im- has been no inflation of prices.
What is true of steel
pulsive Secretaries
of State
Precisely the reverse
is
truej
or
impulsive ambassadors.
the country's actual feeling
being so strong in approval of a cautious and moderate
foreign office as
suggest the theory of the people's
to
upon themselves.
instinctive wish for a check
TEE REACTION IN THE IRON AND STEEL
TRADES.
It is not surprising that
in the business
and
financial ^orld over the
which has occurred the
and
steel industry.
last
trades,
felt
sudden reac-
few weeks
in
the iron
That industry has in the past proved
such a good barometer of the course of general trade
—
most other
articles in
whether raw or finished.
at Pittsburgh
is
quoted to-day at
the iron and steel
Gray forge pig iron
$15 50 a ton, against
$12 50 a ton a year ago, but going back to the period
from June 1902 to April 1903 we find that the price
Bar steel at Pittsburgh comthen was $20'S)21 a ton.
mands $1 50 per 100 lbs. now, against $1 35 a year ago,
but as against $1 60®! 80 in 1902-3.
does not appear
It really
some concern should be
tion
billets is true of
lull
have
should
wonted
activity.
production
products
occurred
all
after
strange
months
that
a
un-
of
The country has been increasing
of iron
of iron
at
its
(and consequently of the finished
and
steel) at
a most marvelous rate.
Even with a constantly expanding consumption, it was
meaning a setback in the whole obvious that the growth in production could not keep
range of industries and a revival in it meaning renewed going on for ever; that sooner or later a point must be
activity in other trades
that very naturally every one reached where output would exceed consumption.
That
feels a deep interest in knowing whether the present lull point, it would seem, is now at hand.
is to be regarded as the forerunner of a serious relapse or
During both March and April the country's make of
whether it means merely a temporary check due to iron was each mouth about 2,000,000 tons. Excluding
decline in
it
usually
—
special or extraneous causes, to be followed by a
tion of the forward
movement when
resump-
these causes have
been removed or disappear.
That
sentiment has for the
the
furnaces, for which
the "Iron
Age"
does
not collect returns, the product for April was 1,922,011
tons
time being completely
charcoal
and
for
March 1,936,264
tons.
Contrast these
fig-
ures with the monthly product during the sumuier of last
year.
In June of that year the make of iron (always
can bo no doubt.
Up to three or four
weeks ago tinrestriiined buoyancy prevailed, and orders excluding the small amount of iron produced by the
were so numerous that mills and furnaces could not take charcoal furnaces) was only 1,292,030 tons, in July but
care of the same.
Now buying has almost entirely 1,100,207 tons and in August 1,167,072 tons. Hence,
changed, there
May 27,
THE CHRONICLE.
1905.]
now
as compared with the low point in 1904, the output
Nor does even
almost 80 per cent greater.
is
the
full
amount of the
difference
this reflect
between the two periods.
In July 1904, with production only 1,106,207
tons, the
stocks of the merchant furnaces ircreased almost 50,000
tons, raising the
On
amount of such
stocks to 670,340 tons.
the other hand, the present year, with the
in
iron
March 1,936,264
tons, the stocks of
tons and
the merchant
in
April
make
of
1,922,041
furnaces for the two
months were reduced by 14,097 tons (a decrease
31,489 tons in March being offset by an increase
down
to only
336,649
all
to the
output,
is
it
Or
normal
their
the calendar year 1904 the output of rails in the United
States (owing to
demand from
the diminished
the
rail-
was only 2,284,701 tons, as against 2,992,477 tons
the calendar year 1903 and 2,947,933 tons in the year
roads)
in
were
wonderful that production should at length have over-
find themselves in a
wants are all the greater by reason
of the previous economy.
We doubt whether many peradequate
sons have an
notion of what this change alone
means. Take the matter of steel rail consumption. In
of
at
and
condition,
1902.
tons.
With such enormous additions
Now, however, they again
of
17,392 tons in April), bringing the total of these stocks
2193
More than
that, since
showed
large, as Ave
our exports of steel in 1904
an
in
article in
our issue of
March 25 last, the falling off in the home consumptiou
of rails was in fact much heavier than the figures given
Allowing
indicate.
for
the exports, and also taking ac-
count of the imports of
home consumption
the
rails,
of
1904 was only 1,906,287 tons, as against no less
the circumstance that this fact being established con- than 3,057,195 tons in 1903 and 2,943,789 tons in 1902.
It was this great falling oft in the purchases of the
sumers should not display the same avidity in placing
taken consumption?
there occasion for surprise in
is
orders for future delivery as they did before?
put adequate to
current requirements, there
all
viously no need for rushing things.
developments
recent
With
in
ob-
is
Besides, certain
general
tbe
out-
have
situation
rails in
much
railroads that accounted as
iron
the
pression in
steel rails are only
and
as anything for the de-
industry in 1904.
steel
But
one of the items in which the carry-
ing interest was obliged to practice economy.
The
rail-
suggested going slow. We allude to the collapse roads are enormous consumers of iron and steel products
in the wheat market, the defalcation of the Presi- in other ways, and here the effect of their economies was
dent of the First National Bank of Milwaukee, the equally, if not more, marked. We had a recent illustradisclosures regarding the Equitable Life Assurance So- tion in the report of the Pressed Steel Car Co. of what
ciety, the effort
deprive
to
the
railroads
largest
(the
single branch of the country's activities) of rate-making
powers through Congressional
fears of possible warfare
legislation,
among some
and
of our
this
that
report
company
appeared
it
sales of the
chief rail-
calendar year
1904 had reached an aggregate of only
special causes.
instance, Pittsburgh dispatches this week
was very quiet
From
trades.
referred
to for the
$4,498,268, as against $20,001,249 in the calendar year
1903 and $33,883,519 in the calendar year 1902.
must be added certain other
that the wire trade
in other
in the railroad world
adversity
that the gross
interests in control of the same.
To
makes
or
the
lastly
road systems owing to differences between the leading
For
difference prosperity
in
tell
us
February, March
and April, largely on account of the continued cold and
wet weather, which kept farmers from building fences
Fur-
thermore, President Hottstot of the Pressed Steel Car'
Co., in explaining this
tremendous falling
pointed out that 1904 had been the
company's history
—
off in
poorest
business,
year in the
had been no such depres-
that there
sion in car building since 1893.
In all these respects the situation has been entirely
and making other improvements in which wire and wire
nails would be used.
The building trade was very back- changed. Evidence of the altered condition is found
ward for the same causes, and wire nail jobbers who had on every side.
For instance, the "Marine Review"
laid in considerable stocks found the demand for these has recently published statistics showing the amounts
products correspondiugty reduced.
seems
of things
state
lines of
to
A somewhat similar
have developed
in
of iron
some other Lake
ore remaining
From
ports.
on
docks
the
these figures
it
more than the ordinary
autumn
supplies.
to
lay in rather
month was
less
However, indications year since 1900
the
Lower
appears that the ore
goods where jobbers were induced by the tempt- remaining on the Lake Erie docks the
ingly low prices prevailing last
at
first
of the present
than at the corresponding date of any
— the amount
now being
May
only 2,271,631
now
are that these jobbers are getting rid of their stocks;
tons, as against 4,534,103
the
weather
tons in 1903, 2,848,194 tons in 1902 and 3,050,183 tons
effect
has
has
been
latterly
to
become favorable, and
stimulate activity in
many
the
different
directions.
in 1901.
1 1904, 3,592,367
We cite these figures mainly because they serve
to indicate that
The last-mentioned drawbacks,
tons
in
replenishing
such stocks and meet-
demand for iron ore during the remainder of
Avhich
1905
the orders already placed assure, the oreIn the last analysis everything
depend on the continued prosperity of the railroad carrying vessels on the Great Lakes and the ore-carrying
though,
are
really
ing the large
only minor matters.
will
industry.
It is
from that source that the strength and
the buoyancy of the iron and steel market were originally
roads running to the
of a large
traffic.
Upper Lake
An
ports are both certain
idea of the extent of the un tilled
which they were maintained month orders which the steel companies are carrying on their
after month.
It is from the same source that the books is furnished in the recent quarterly rei)ort of the
stimulus to further activity must be looked for. United States Steel Corporation.
This report showed
During 1904 the railroads were practicing forced that such unfilled orders March 31 1905 were the largest
economy. The great shrinkage in the market value of in the history of the company, aggregating 5,597,560
derived and from
1903 and the early part of 1904 tons, as against only 3,027,436 tons September 30 1904
had crippled their borrowing power. They were at the and 3,192,277 tons on June 30 1904. Whether the railsame time obliged to curtail their ordinary operating road industry is to experience a reverse, thereby marexpenses in every direction
deferring the work of ring this bright promise, we would of course have to
their securities during
—
making
done
ties.
repairs
without
and renewals wherever that could be ])ossess prophetic vision to be able to tell. All we can
immediate detriment to the proper- say is that there is nothing in tlie situation to-day that
presages such an outcome.
•''
THE CHRONICLE.
2194
the
NEED OF CAUTION IN RAILROAD
number of miles
basis.
LEGISLATION.
[Vol. lxxx.
As
run, Avhich
n^
had been the previous
new
a result of the application of this
rule
and the unfortunate coincidence of exThe unfarorable showing of net earnings made by the tremely bad weather, the old law prohibiting demurrage
K'ew Tork Xew Haven & Hartford Kailroad Co. in its charges except after four days has entailed an expense
return for the March quarter and the explanation given such as no one ever had supposed it could entail.
of the poor results lurnish illustration anew of the imThe per diem method of compensation was forced upon
sometimes
regulations
portance which apparently trifling
the railroads as a matter of self-protection.
It is not a
assume in the operations
ot the
or regulation,
railroads.
They
also
new regulations
laws that may in their
suggest caution in the imposition of any
or the
enactment of additional
operations serve further to burden
roads,
the
where the extent of the burdens cannot be
especially
device introduced
for the
the expense of the
in the
interest
contrivance
It is really a
Under the old
charge was based on the number of
of the
method, where the
purpose of securing profit at
shipper.
shipper himself.
and miles run, there was no inducement for the receiving
road to return it with any degree of promptitude.
It
definitely
exactly ascertained in advance.
In the three months referred to in 1905 the Xew might be kept, and in fact most generally was kept, an
Haven road earned nearly half a million dollars more indefinite length of time. The effect was to deprive the
than in
gross
corresponding quarter of last year-
the
Yet expenses were so heavily augmented that in the
final result the road failed to earn its fixed charges by
owning road
The
of the use of its equipment.
situation
The country's industries were in
The railroads were congested
a state of great activity.
$417,225, as against a surplus above the charges in the with freight as never before in their history, and everythree months of 1901 in the sum of $115,473. It should where there was an urgent demand for cars which could
be understood that this deficit of $417,225 is computed not be met, notwithstanding the enormous additions that
on the basis of fixed charges alone that it does not had been made and were being made to railroad equipfinally got intolerable.
—
allow for the
quarter's
The March quarter
is
been shown.
are
results
It
is
stock.
The per diem method had been tried some years before but had failed because of lack of proper co-operation
of the company that a deficit has between the roads.
This time it was bound to succeed,
furthermore stated that the poor because practically every railroad manager recognized
said to be the
is
first
directly attributable to the increase in oper-
ating expenses
ment.
never so good a period with this
road as the other quarters, but this
time in the history
New Haven
dividend on
occasioned by the operation of the Car
Service Law.
Under the laws of Connecticut, and
laws of some of the other New England
also
under the
States, the rail-
that in no other
way could
carrying interests of the
the
country meet the call existing for transportation service.
The charge per diem for the use of the car was fixed at
what is admitted to be a very low figure, namely 20
dayj only
cents per
after thirty
days does the charge
The New Haven road was one of
and
cars and tracks for four days, and where Sundays
the companies that held out longest before subscribing
time.
The
even
longer
period
of
intervene
an
holidays
Its managers pointed out the peculiar
to the agreement.
Connecticut law (Sec. 3774 of the General Statutes, Ee- situation in which they were placed, both as regards cervision of 1902,) declares that no company owning or tain kinds of traffic which had to be moved under special
operating a railroad in that State shall claim, demand or conditions and the long time allowed shippers by law for
collect from any shipper or consignee of merchandise or loading and unloading freight.
freight any sum, damage or charge for the delay or deWhile there is no legal requirement to that effect in
tention of cars in loading or unloading for any period of the case of all the New England States, the fact that
less than four consecutive days, Sundays and legal holi- four days grace is compulsory in some of the States has
days excluded. The law provides, furthermore, that really made the custom a general one, since the roads
such four days shall be computed from the time the cars could hardly charge a shipper demurrage after two days
roads are obliged to give shippers in effect free use of become $1 per day.
become
accessible to the shipper or consignee for the pur-
detention of freight on one side of a State border Avhile
with
a consignee on the other side had to pay demurrage only
pose of loading or unloadin::-.
four days for
loading and four
It will
be seen
tliat
days for unloading, the
road really loses the service of the equipment for eight
The general
days.
rule outside of
New England
is
an
allowance of only forty-eight hours for either loading or
Thus
unloading.
especially
the statute works
much
hardship, and
under such conditions as existed during the
months of the current year.
In some of the Boston papers this provision of the
law has been referred to as if it were a new enactment.
In reality it has been on the statute books since 1889.
Never previously, however, has it proved so detrimental.
first
three
Eecognizing the force of this contention the per diem agreement at the time of its inauguration was expressly modified to meet the requirements of
cases such as those enumerated above, where either an
after four
days.
existing statue or long usage or
trade
requirements
terpose obstacles to the unrestrained workings of the
We referred to
rules.
the
matter in an
in-
new
article in
our
May
The reason is that circumstances were such the present
year as to make its operation peculiarly oppressive.
In
31 1902, and indicated the special reguIn
lations which were to govern in such circumstances.
brief, while the per diem charge was to be uniformly
calculated, reported and paid for every day a car was
away from home, adjustments were to be allowed at the
end of the month by a system of reclaims handled be-
order to understand the part played by the
tween the designated transportation
bad weather,
should be pointed out that since July 1 1902 the railroads of the United States have been working under
it
what
cars.
road
issue of
ot the
cars
of another
road
is
based upon
the
length of time that the car has been kept instead of on
of the
rail-
But notwithstanding the per diem
plan was modified in this way to meet the requirements
of the New England roads, the experience the present
roads
concerned.
known as the per diem method of payment for
Under this method payment for the use by one year shows
is
officers
that
the
with four days more
four-day
for
allowance for unloading,
loading,
is
a regulation sure to
work great injury whenever weather conditions or other
May
THE CHRONICLE.
27, 1905.J
circumstances
serre
accentuate
to
harmful
its
ten-
dency.
Under
tbe "best of circumstances, witli consignee
and
consignor allowed altogether eight days' free use of cars
and
track, great care has to
officials to lieep
down
he exercised by the operating
the percentage of foreign cars and
and encourage the quick loading and unload-
to facilitate
which would wipe out more than the whole amount paid
The Connecticut case certainly admonin dividends.
ishes of the need of caution in any proposed enactment.
It will not do to assume that the carriers will in some
way
find
possible
it
to
adjust themselves to the require-
ments of any new law, no matter how drastic in
The
ture.
ing of the same. The past season, however, the ingenuity
instance.
the operating officials has been taxed to the utmost.
the dark
of
2195
The winter was, it will he remembered, of unusual severity, and the reader may also recall what a serious
cost
should be carefully counted in the
The country cannot
and thereby
afford
na-
its
first
to take a leap
in
invite disaster.
TEE TAX ON TRANSFERS OF STOCK.
Kew
The following is the full text of the new law enacted at
became pratstically impossible to re- the recent session of the New York Legislature taxing stock
The tax is two ce 'ts oa each
sales and stock transfers.
their owners within reasonahle time.
congestion of freight developed on the lines of the
Haven
system.
It
turn foreign cars to
The weather
interposed serious obstacles to the running
movement
of trains and the free
of freight, causing vex-
atious delays, hut perhaps this hy itselt could have heen
successfully coped
being accompanied, however,
with;
liundred dollars of face value, equivalent to $3 psr 100
share?, and appl es to all sales or transfers made ofier Jana
Attorney General Mayer has given the opinion that
1, 1905.
sales of stock made prior to the day that the law takes
effect, but not entered on the books of the brokers until
after that date, are not liable to the tax.
by the large time allowance to shippers at the end of the
CHA.P. 241.
journey, the road was rendered practically helpless.
the Tax Law. by Providing foe a Tax oh
Moreover, the lact that the volume of traffic is becoming AN ACT TO Amend Transfeks
of Stock.
larger each succeeding year, makes the situation all the became a law april 19, 1905, with the approval of the governor, passed, three-fifths being present.
worse, since more cars are tied up as a consef[uence.
The People of the State of New Xork, represented in Senate and
Tlie "Boston News Bureau" is authority ior the Assembly, do enact as follows :
statement that the number of foreign cars on the lines
New Haven
of the
one time during the March quarter
at
This congestion and
exceeded 50,000.
already
primary
the
stated,
cause
the poor showing of net income for the
March
The "News Bureau"
states that since
the
quarter the
of the
every
now
officials
efiort to
the total
resulting
road
of
quarter.
close of
tlie
have heen bending
reduce the number of foreign cars, until
is
only ahout 23,000, with the probability
numher will ultimately he reduced
18,000 cars. The large shippers, realizing
that the
to at least
the serious-
now co-operating with the road
the cars may be kept on sidings as
and the free movement of freight fa-
ness of the situation, are
the
to
end that
briefly as possible
f
oUows
up the operating expeuses and
car-service charges piled
constituted, as
the
Section l. Chapter nine hundred and eight of the laws of eiahteeu
hundreit and ninety-six, entitled "An Act in relation to taxation constituting chapter twenty-four of the general laww,'' is hereby amended
by inserting therein a new article to be article fifteen and to ro^d as
SECTION 315.
ARTICLE XV.
TAX ON TRANSFERS OF STOCK.
AMOUNT OF TAX.— There Is hereby Imposed and there
and be collected a tax as herein provided,
agreements to seU, or memoranda of sales or deliveries
or transfers of snares or certificates of stock in any domestic or f o eign
association, company or corporation, made after the first day of June
nineteen hundi ed and five, whether made upon or shown by he books
of the association, company or corporation, or by any assignment in
blank, or by any delivery, or by any paper orag?eement or memorandum or other evidence of transfer or sale, whether entitling tho
holder In any manner to the benefit of such stock, or to secure the
future payment of money or the future transfer of any stock, on each
hundred dollars of face value or fraction thereof, two cents. It is not
intendedby this Act tolmpose a tax upon an agreement evidencing
the deposit of stock certificates as collateral security for m-iney
loaned thereon which stock certificates are not actually sold, nor upon
such stock certificates so deposited. The payment of such taxshaU be
denoted by an adhesive stamp or stamps attlxed as follows In case of
sale where the evidence of transfer is shown only by the books of the
company the stamp shaU be placed upon such books and where the
change of ownership is by transfer certificate the stamp shall be
place J upon the certitlcate and in cases ot an agreement toseUor
where the transfer is by delivery of the certificate assigned in blank
there shall be made and delivered by the seller to the buyer a bill or
memorandum of such sale to which the stamp provided for by this
article shall be atfixed; and every bill or memorandum of sale or
agreement to sell before mentioned shall show the date thereof, the
name of the seller, the amount of the sale, and the matter or tiing to
which it refers, and no further taxis hereby imposed upon the delivery
shall immediately accrue
on aU
sales, or
i
:
;
;
Stress
cilitated.
on the tact that there
laid
is
falling ofl in the gross business of the
that in fact increases are
New Haven
is
no
road;
being shown in every depart-
ment.
Two
things are thus
made
large time allowance granted
with the growth of
And,
First, that
the
England shippers
has,
evident.
New
become an item
of serious cost.
secondly, that our legislators. State
and National,
traffic,
of the certificate ot stock, or ux)on the actual issue of a new certificate when the original certificate of stock is accompanied by the duly
stamped memorauduui
of sale.
^ 316. Stamps How Prepared and Sold.— Adhesive stamps for the
purpose of payiue the State tax provided for by this article shaU be
prepared by the State Comi^troller, in such form, and of such denominations and in such quantities as he may from time to time prescribe,
and BhaU be sold by him to the person or persons deiiring to purchase
the same he shaU make provision for the sale of such stamps in such
places and at such times as in his judgment he may deem necessary.
^ 317. Penalty for Failure to Pay Tax.— Any person or persons
who shaU make any sale, without paying the tax by this article imposed or who shall in pursuance of any sale, deliver any stock, or
;
should not
iail to
heed the lessons which
The lawmaker
teaches.
assuming, never for a
this
we
in Connecticut,
moment supposed
experience
safe in
are
that the demur-
rage enactment would at any time work such a serious
burden
to the
New Haven
further and assert that the
it
road.
We
may
lawmaker never intended
should impose a burden of that kind.
argued that
doubtless go
to allow the consignee four
He
days
that
probably
for
unload-
ing instead of two days would please shippers very much,
while making very little difference to the roads. In like
manner, those Avho
insist
on endowing the Inter-State
Commerce
to
be.
Commission with rate-making powers fail
see what the consequences of such a step may
While the railroads of the United States earn
about 2,000 million dollars gross a year, they are paying
out only IGO million dollars in dividends (Inter-State
Commerce
same year
report of 1903); but
as
their traffic in the
consisted of 173,221,278,993 tons of freight
caiTied one mile, a reduction of only 1 mill per ton per
mile in the
average rate received would
mean
a loss
evidence of the sale of any stock or bill or mem^randam thereof,
without having the stamps provided for in this article alHxed thereto,
shall be deemed gailty ot a misdemeanor, and upon conviction thereof
shall pay a tine of not less ttiaa five hundred nor more than one
thousand doUars, or be imprisoned not more than six montns, orby
both such fine and imprisonment at the discretion of the court.
6 318. Canceling Stamps; Penalty for Faildre.— In every case
where an adhesive stamp shall be used to denote the payment of the
State tax provided by this article, the person using or affixing the
same shall write or stamp thereupon the Initials of his name and the
date upon which the same shall be attached or used, and shaU cut or
perforate the stamp in a substantial manner, so that such stamp cannot be again used: and if any person fraudulently makes use of an
adhesive stamp to denote the Stale tax Imposed by this article, without so eflfectually canceling and obliterating such stamp such per.son
bhall be deemed guilty of a misdemeanor, and upon conviction fliereot
shall pay a fine of not less than two hundred nor more than five
hundred dollars, or be imprlsonedfor not less than six months, or both,
at the discretion of the court.
Expenses How Paid.—The State
§ 319. Contracts for Dies;
Comptroller is hereby directed to make, enter into and execute for and
in behalf of the State such contract or contracts for dies, plates and
printing necessary for the manufacture of the stamps provided for by
this article, and provide such stationery and clerk hire together wita
such bo )ks and blanks as in his discretion may be necessary for putting into operation the pto%islous of this article; he shall be the
C'istodlan of all stamps, dies, plates or other material or thing furnished by him and used In the manufacture of such State tax stamps,
j.nd all expenses incurred by him and under his direction la carrying
ouo tho provisions of tils article shall be paid to him by the State
Treasurer from any moneys appropriated for such purpose.
^ 32i>. Illegal use of Stamps; Penalty.— Any person who
shaU
wilfully remove or cause to be removed, alter or cause to be altered,
tho canceling or defacing marks of any adhesive stamp provided for
by this article with intent to use the sanio, orto cause the u e of ih«
THE CHRONICLE.
2196
same after it shall have been once used, or shall knowingly or wilfully
buy any washed or restored stamp, or oflFer the same for sale,
or give or expose the same to any person for use, or knowingly use the
same or prepare the same with Intent for the further use thereof; or
shall wilfaUy use any countprfeit stamp or any forged stamp with
on that date.
hundred nor more than one thoasand dollars, or be imprisoned for not more than six aionths, or by both such fine and Imprisonment, atihe discretion of the court.
Power of State Comptroller.— The State Comptroller may
5 32
at any time after traosfers of stock which by the provisions of this
article are subject to a State stamp tax, inquire into and ascertain
whether the tax imposed by the provisions of this artic'e has been
Eaid. For the purpose of ascertaining such fact the Comptroller shall
ave the right and i shall be his duty to examine the books anrt
papers of any person, firm, company, association or corporation. If
from ouch examination the Comptroller ascertains that the tax provided for in this article has not been paid he shall bring an action in
any court of competent jurisdiction for the recoveiy of such tax and
lor any penalty incurred by any person under the provisions of this
city
aell or
lnt«nt to defraud the State of New York, shall be guilty of a misaemeanor and on convlctTon thereof shall be liable to a Une of not less
than
five
..
article.
How
Recovered.— Any person who shall
5322. Civil Penalty;
violate the provisions of this article shall in addition to the penalties
herein provided forfeit to the people of the 'tate a civil penalty of five
hundred dollars for each violation. The State Comptroller shall bring
an action in his name as sueh Comptroller in any court of competent
jurisdiction for the recovery of any civil penalty and all moneys collected ty him shall be paid Into the State Treasury.
^ 323. Effect of Failure to Pay Tax.— No transfer of stock made
after June Urst, nineteen hundred and five, on which a tax is imposed
by this article, and which tax is not paid at the time of such trani^fer
shall be made the basis of any action or legal proceedings, nor shall
proof thereof be ottered or received in evidence in any court in this
State.
§ 324. Application of Taxep.—The taxes imposed under this
article and the revenues thereof shall be paid by the State Comptroller
into the State Treasury and be applicable to the general fund, and to
the payment of ail claims and deoaands which are a lawful charge
thereon.
Section 2. This Act shall take effect immediately.
ITEMS ABOUT BANKS, BANKERS AND TRUST GO'S.
—The pnblic sales of
bank stooka this week aggregate 268
which 155 shares were sold at the Stock Exchange
and 113 shares at anction. The transactions in trust compaay
stocks reach a total of 233 shares. The right to subscribe at
shares, of
$75 per share to 34 shares (par valne $50 each) of the new
stock of the Mechanics' Bank of Brooklyn was also sold at
anotion at |53 25 per share.
^t^ares
Banks— Afetc
For*.
»160 city Bank, National
*5 0ommero'<. National Bank of...
20 Liberty National Bank
30 Mercantile National Bank
63 Nat. Bank of North America...
Price.
282-285
205
Last previou$ tau.
Apr. 1905- 293
May 1906— 215
1905— 553
May 1905— 284
Dec. 1904— 2a3!'8
630
283
240
Apr.
625
May 1905— 640
May 1905- 330i2
Trust COMPANiES-^ew York.
150 Eqaltable Trust Co
5 Lawyers' Title Ins. &rr. Co...
20 Metropolitan Trust Co
18 Title Guar. & Trust Co
40 U. 8. Mortgage & Trust Oo
*
335i8
621
Apr.
1905— 625
May 1905— 675
May 1905— 53514
678
535
Sold at the Stock Exchange.
—It was announced this week that George W. Ely has
been appointed Secretary of the New York Stock Exchange
to succeed William McGlure, resigned. Mr. Ely is familiar
with the duties of the office, having previously held the post
for
many
years.
(Jontrary to the general expectation, the
Exchange
is
to
[Vol. lxxx.
The latter will continue as a factor in the administration in the affairs of the institution, having been
elected Chairman of the board of trustees.
—On Monday, May 22d, the Chemical National
moved
Bank of
this
temporary headquarters in the Barclay Building, 303 Broadway, corner Doane Street. It will occupy
these temporary offices during the erection of a new banking
house on its old site at 270 Broadway, in the vicinity of City
Hall Park, where this historic institution has been located
to
hearly seventy years. A description of the new builling
to be erected was given in this department March 4th last.
-Chief among the events of the week in banking circles
was the suspension of the Merchants' Trust Company of this
city. The closing of the institution, which occurred on Tues*
day by order of the State Banking Drpxrtment, was brought
about principally through its inability to realize on securities held by it.
la explanation of the action of the Department, Mr. Frederick D, Kilburn, State Superintendent of
Banking, Issued the following statement:
An examination of the Merchants' Trust Company made something
over two years ago disolOBed the fact that its management bad
loaned upon and purchased seou-ltlea to the amount of about f t.OOO,000 which had no ready market value, besides guaranteeing loans
made in the Interest of a Richmond, Va., company to the amount of
9750,000. About $2,300,000 of these loans and Investments were
upon seonrltles of Richmond oompaniifs. Abiut $850,000 was inTested in the securities of and loaned to the Hudson Valley Railway
Company and nearly $400,000 to the Rutland (Vt.) Street Railway
Company and to the Chittenden Development Company, the latter
being a holding company of the stock of lighting, power and railway
companies located In Rutland
I was convinced that to put the trust company In the bands of a
receiver at that time would necessarily result in throwing these securities on the market and in an enormous loss to the trust company,
and it was my Judgment, which subsequent events have jastided. that
it would be better to try to relieve the trust company of these securities. This ta^k was at once undertaken and has thus far resulted in
the payment by the Richmond companies of $2,267,000, or the entire
debt less $150,000. The trust company has also been relieved from its
said guarantee of $760,000.
In the meantime, a syndicate has been formed by those Interested in
the Hudson Valley Ry. property by which It was agrcd to advance
$970,000 for the purpose of putting that property in better shape. This
amount was paid in by the eyndlcate, of which the trust company paid
eleven-twentieths. Of this, however, there was paid to the trust company $IC0,000 upon its indebtedness.
The deposits of the trust company to-day are about $2,200,000. Its
available assets, aside from the amount invested in the Hudson Valley
and Rutland properties, amount to about $1,300,000, so that out of
Hudson Valley and Rutland properties and out of the liability of
stockholders It will be necessary to real)za about $950,000 in order to
pay depositors. The trust company holds Hudson Valley bonds to the
amount of nearly $1 300,000, and it substantially owns the Rutland
properties, la whLh have been invested nearly a million dollars.
These securities, in connection with the liability of stockholders to the
amount or $500,000, should ceitainly be sufficient to pay depositors in
fall.
remain open on Monday next, the day prectjding Memorial
While the Hadson Valley and the Rutland companies are probably
Day. The New York Coffee Exchange u tha only one of the in better shape and worth more today than ever bafore, the trust
local Exchanges which has decided to close on Monday, giv- company has not been able up to the present to reallza upon these
securities (which are not quick assets) a suffloient sum to pay deposiing a continuous holiday from Saturday until Wednesday.
tors and save the capital of the trust company from Impairment.
—October 24, 25, 28 and 27 are likely to be the dates for
For this reason I have come to the conclusion that it is inexpedient
holding the annual convention of the American Bankers' As- for the trust company to longer continue in business, and I have theresociation at Washington, D. C. It is expected that President fore reported the matter to the Attorney- Oeaeral for his action. I
think in the circumstances a receiver can handle tha matter better
Roosevelt will deliver an address at the convention and also
than the trust company.
give the delegates a reception at the White House.
President Jacob L, Phillips, in an interview this week
—Baron Alphonse de Rothschild,
of the noted
head of the Paris branch
banking house of that name, and Q-overnor of
the Bank of Prance, died yesterday.
years of ege,
He was
seventy eight
—The
stockholders of the Century B ink of this city on
authorized the increase which, as stated in our issue
of April 29, is to be made In the capital. At the same time
they approved the resolution amending the certificate of incorporation so as to empower the bank to establish "one or
Monday
more" brarch
officep.
Besides increasing the capital from
1100,030 to 1200,000, the institution will also, through the
new issue, increase its surplus from $50,000 to |1 15,010. On
May 1 the bank moved its main offices to 185 Fifth Avenue,
corner 20 h Street, and made the uptown quarters at Broadway and 104th Street a branch. Mr. Qeoru:e Chapman is its
Prteident.
—Mr. Frede Ic P. Olcott's successor as President of the
Central Trust Company of this city was chosen this week,
when James N. Wallace, Fourth Vice President of the com
pany, was elected to the office. Mr. Wallace will assume his
new
duties on Jure
1,
Mr. Olcott'a refcigratiou taking effect
regarding the securities which the
company
held, called
attention to the fact that the loans were not negotiated under
his administration.
He
has been President only since Janu-
Edwin Hawley, who also held the office
time, and who replaced Edwin Langdon. The com-
ary, having succeeded
only a short
over Ave years ago (December 1899)
with a capital of $500,000 and surplus of |1,000,000. It was reported early this week that it was plannel to Increase the capital from $500,000 to $1,000,003, and a stockholdero' meeting
had been called for June 1 to authorize such increase.
Douglas Robinson and the New York Trust Compmy are the
rfcelvers for the company, which, besides its main office
at 346 Broadway, operated a branch at 59lh Street and
pany began business a
Columbus
little
Circle.
—The Boston brokerage firm of Barnett, Gumming? & Co.
suspended on Thursday. Thw liabilities are stated at $1,714.869 while the value of the assets is placed at about $200,000.
The failure Is attributed to the firm's financing of unfortunate ttreet railway properties— the Concord & Bjston Street
Ry., the MIddleboro Wareham & Bazzird's Bay Street Ry.,
the Low( 11 & B'jston Street Ry. and the Bristol County St. Ry,
May
THE CHRONICLE.
27, 1905.]
— An assignmeot was made by
Holztnan
& Co.,
brokers of
Cincinnati, Ohio, on Thurt-day. The firm was composed of
Charles Henroten of Chicago and Alfred and Ross Holzman,
and succeeded Feder, Holzmau & Co., dissolved several
months ego by the wltlidrawal of Joseph Feder. The company held membership in the New York Stock and Cotton
Exchanges, the Chicago Sfock Exchange, the Chicago Board
of Trade and CiociDnati Stock Exchange.
The
liabilities are
estimated at about flOO.OOO.
—Charles H, Van Brunt, presiding Justice of the Appellate
Division of the First Department of this State, died suddenly yesterday at tho New York entrance to the Brooklyn
Bridge. Justice Van Brunt had also been President of the
Windsor Trust Company of this city since its organization
the latter part of 1902. He was born sixty-eight years ago in
Bay Ridge,
L.
I.
—Work upon the demolition of the buildings 176 8 Broadway
is
of the Title
is
make way for the new bank building
Guarantee & Trust Company of this city, which
proceeding rapidly to
expected to be ready for occupancy
instltntloti's
new home,
May
Ist, 1906.
The
six stories in height, will be of a very
and have a facade of white
The first four stories will be built sufficiently high
to accommodate a mezzanine gallery on each floor, giving
added office space. The Banking and Mortgage departments
attractive architectural design
granite.
will occupy the first floor, the "Closing" department the
second
Law
department the third
the Search
department the fourth floor; miscellaneous offices will be
upon the fifth floor and the Surveying department on the
sixth floor. Messrs. Hovsells and Stokes are the architects.
The Title Guarantee & Trust Company is also erecting a new
building for Its own use at Jamaica, L, I., and Is preparing
plans for extensive additions to its building at 175 Remsen
Street, Brooklyn. The company has purchased 75 feet back
of its Remsen Street building, Brooklyn, on Montague Street,
and will there erect a building fcr the use of its Banking department, which will connect with the Ramsen Street building in the rear. The plans for this addition are not yet completed. The Institution is continuing to show growth in its
Banking department, its deposits having now reached about
floor, the
floor,
$29,CO0,0CO,
—
The bill amending the Massachusetts law regarding reserve funds of trust companies was signed by the Governor
on April 25, The new section, which adds Albany, Chicago
and Philadelphia to the list of places wherein part of such
reserve may be held was quoted in our issue of April 2i last.
2197
There will be an address of welcome to the State
by Governor Cobb of Maine and to the city by Mayor Baxter
of Portland, followed by the annual address by the President
of the association, George F. Kendall, B mk Commissioner
for Connecticut. Among the speakers will be E. C. Reynolds,
Portland, Me.; M, C. Bergh, Examiner for Wisconsin; Commissioner Locke of Massachusettf F. E.Rlcntrds of Portland,
Me Meigs H. Whaplee, President of the Connecticut Trust &
charge.
;
;
Safe Deposit Company, Hartford; Charles L Barrill, Boston,
Mass.; Justice Emery of the Supreme Court of Maine and F,
D. Kilburn, Superintendent of the Banking Dapartment of
complimentary bacqaet, followed by afterNew York.
dinner speaking, will be tendered the members on the final
daj's session by the Savings Bank Association of the State of
Maine. The headquarters of the association will be at the
Liifayette Hotel and Hon. F. E, Timberlake, Chairman of
the Executive Committee, will arrange for accommodations,
If desired, for those who expect to attend.
A
—
A, V. Morton has been elected Treasurer of the Pennsylvania Company for Insurances on Lives and Granting Annuities (Philadelphia) to succeed F. B. Kirkbrlde, who retires
on July 1st to become a partner la the firm of Alfred Bsoth
& Co Liverpool. Mr. Morton had been for five years Assistant Treasurer of the Pennsylvania Company for Insurances on Lives and Granting Annuities.
,
— Cocsideratlon of the proposition
ized capital of the Cleveland Trust
from
to Increase the author-
Company
of Cleveland
by the stockholda special meeting on June 28. Only $250,000 of the
increase will be put out for the time being, making the out.
This additional $250,000 stock
standing capital $2,000,000.
will be offered pro rata to the present stockholders.
$1,750,000 to $3,500,000 will be given
ers at
—The Canton State Bink of Cointoa, Ohio, suspended on
Wednesday. The bank was organized in 1930 and had a
a statement charging
Vice-President W. L Davis and Cashier C. D. Bachtel with
misappropriating $200,000 of the institution's funds has been
issued by the bank officials. The city of Canton has $76,0[)0
deposited with the bank.
capital of $180,000.
It is reported that
—Two
other Ohio banks— the First National of Barbarton
and the People's Deposit Bank of Mineral City— closed their
doors this week. The Barberton Bank had a capital of
$50,000 and the Mineral City a capital of $15,000. The failure of the latter Is attributed to the suspension of the Can-
ton Bank.
—The new Fort Wayne (Ind.) bank, the German- Ameri—Action on a contemplated Increase in the capital of the can National, opened for business on Saturday last, the 20th
Manufacturers' National Bank of Newark, N. J., will be Inst. The bank Is located on Court Street. As reported in
taken by the stockholders at a meeting to be held on June these columns May 6, it has a capital of $200,000.
The extent of the increase will be $100,000, the purpose
22.
—The Union Trust Company of Detroit, Mich., as receiver,
being to Issue 1,000 new shares, which will be sold at a Is paying to the commercial depositors of the City Savings
premium of $135 each, or |226 per share. The bank now has Bank of Detroit a dividend of 6 per cent, and to the savings
a capital of $250,CO0, surplus of $100,000 and profits In the depositors a dividend of 8 per cent. This brings the total
neighborhood of |88,000. With the $225,000 realized from dividends distributed by the trust company to commercial
the sale of the new stock, its working capital willjbe increased depositors up to 383^ per cent, and the total paid to savings
to about $668,000. Each present shareholder is asked to depositors up to 68 per cent.
rellnqalsh one-half the amount he Is entitled to, that is, to
—The proposed merging of the American Trust & Savings
take but one share of new stock for every five shares of old, Bank and the Federal Trust & Savings Bank of Chicago was
to permit of the distribution of a part of the new issue formally ratified by the stockholders of the two institutions
among new stockholders.
on Tuesday. Previous mention of this combination, by which
— The directors of the Union Trust Co. of Albany, N. Y., the Federal retires at $125 $1,000,000 of Its $2,000,000 capital
have elected MacNaughton Miller Secretary, to succeed Fred- and exchanges the other $1,030,000 stock for an equal amount
erick B. Adams, to whose resignation we referred several of stock of the American Trust, has been made In these
weeks ago. Other changes In the personnel of the company columns. The last-named company will assume the liabiliare the appointment of Joseph R. S^an as Manager of the ties of the Federal, and to provide for the latter's stockholdbond department and his election as Treasurer, Thomas I. ers win Increase its capital from $2,000,000 to $3,000,000.
Van Antwerp, formerly Second Vice-President and Treas- The increase was voted at Tuesday's meeting. The consoliurer, having relinquished the latter office. Mr. Van Antwerp dation goes into effect on Mon3ay.
continues in the first-named post.
—William H, Hammett has become President of the Union
National Bank of Newport, R. I., succeeding the late John
H. Crosby. G. Norman Weaver is now the Vice-President of
the bank.
—The
fourth annual convention of the National Association of Supervisors of State Banks will be held at Portland,
Me., on June 27, 28 and 29. This association is composed of
the officers of the different States who have the supervision
of all kinds of State banking institutions, the object being
mutual benefit and the benefit of the Institutions under their
— Bloomington,
111., has been chosen by the Illinois BankAssociation as the meeting place for this year's annual
convention, to be held the third week in September. Frank
P. Judson, Ca&hier of the Bankers' National Bank of Chicago,
is Secretary of the organization.
ers'
—The Commercial
pleted the transaction
National Bank of
by which
it
Chicago has com-
comes Into possession
of
the Knight and McNeill leases In Clark Street, where it is to
put up a nineteen-story building. With a frontage of 190
feet on Clark Street and 180 feet on Adams Street, the bank
In Jts proposed structure will have an area of 84,200 square
.
.
.
THE CHRONICLE.
2198
[Vol. lxxx.
amendment to the charter permitting an increase in the
number of the board of directors at any time also met with
— Elbridge G Keith, President of the Chicago Title & Trust the approval of the stockholders. The bank is under the
Company and identified for many years with the fiaancial management of A. G. Ricks, President; Adolph Dumser,
interests of the city, died on the 17th inst, at his home after Vice-President; A. C. Wuerpel, Cashier, and A. Labarthe,
an illness of two or three months. Mr. Keith never recovered Assistant Cashier.
makiDg
feet,
it
the secoad largest offise
baildiog,
it
is
clafmed. In that city.
from the
ter,
effects of
He was born
an attack of pneumonia during last winand migrated to Chi-
in Barre, Vt., in 1840,
cago at the age of seventeen. After many years of mercantile
business he was in 188i elected Presiclent of the Metropolitan
National Bank, which position he retained until the bank was
absorbed by the First National, when he was selected as
President of the Title & Trust Company after the office was
declined by ex-Secretary Lyman J. Gige of the United States
Treasury. His loss will be keenly felt, not only in Chicago
but wherever he was known.
—A projected New Orleans
consolidation approved by the
on Wednesday em-
directors of the respective institutions
braces three financial houses—The Whitney National Bank,
the Germania National Bank and the Central Bank, Savings
&
The last-named was only lately charTrust Company.
with $1,000,000 capital, audits organization has not yet
All three institutions have interests in
been completed.
common. Pearl Wight, a director of the Central, and representing one of the heaviest interests of the latter according
to local advices, is Vice-President of the Whitney; Sol. Wex—The officials elected for the new City National Bank of ler, also a director of the Central, and said to be a heavy
investor in it, is a director of the Germania and a large
St. Louis are: President, M. Landau, and Vice-Presidents,
The bank has leased an stockholder, it is reported, in the Whitney'; J. B. Sinnott,
J. E. Allen and P, J. Farrington.
office in the Fraternal Building, at Eleventh Street and Gustav Lehman and Maurice Stern, members of the board
of the Whitney National, and Jonas H. Levy, Vice-President
Franklin Avenue, and will open about July 1.
of the Germania, are all understood to be heavily interested
The Lowell Bank, incorporated abDut two months ago,
The Germania National has a capital of
in the Central.
opened for business in St. Louis on tha let inst. at 5,003
$700,000 and surplus and profits of $454,072. The Whitney
North Broadway. The officers of the institution are August
F Klasing, President; Hanry Arnold, Vice-President, and National has a capital of $400,000 and surplus and profits of
Guido D'Oanch, Cashier. The capital is $100,000 and the $1,784,723.
Emilien Perrin, who was instrumental in organizing the
par value of the shares $100 each.
new
Security Bank & Trust Co. of New Orleans, La., has
—The Northwestern Trust Company of St. Paul, Minn,,
been elected as its President. In the management of the inwill, on July 1, pay a dividend of 2 per cent to stockholders
stitution, the opening date for which is set for July 1, he
of record June 30. This is the first distribution of profits to
will be assisted by Myer Lemann and William F. Pinckard
stockholders since the company began two years ago. It has
as Vice-Presidents and E. S D. Logan as Cashier. The coma capital of $200,000, surplus of $10,000 and undivided profits
pany has a capital of $500,000 and a surplus of $250,000. It
of $32,806. The total resources now at $281,114 compare
will make its headquarters in the new South Building, in
with $260,864 on Dec. 31 last. The institution receives no
Baronne St. Ultimately the company will occupy its own
deposits, engaging in a strictly trust business.
building at the corner of Baronne and Gravier Sts,, on which
varied and entertaining programme was offered at the it is expected to begin work by the fall at least.
ninth annual convention of the North Carolina Bankers'
—The Shreveport National Bank of Shreveport, La., conAssociation, held at Winston-Salem on May 17, 18 and 19.
solidated with the Louisiana Bank & Trust Co., went into
The association, which was organized in 1897, is in a flourish- voluntary liquidation on the 1st inst.
log condition, and now has among its members 205 of the 257
national banks of the State. Some of the speakers at the
meeting were W. O. Jones, Assistant Cashier of the National
SO, 1905,
Park Bank of New York; W. T. Old, Cashier of the First
The following statements of the public debt and Treasury
National Bank of Elizabeth City, N. C, W. H. Mendenhall.
cash holdings of the United States are made up from official
Cashier of the Bank of Lexington, at Lexington, and C.
figures issued April 30, 1905. For statement of Mch. 81, 1905,
J.Cooper, Cashier of the National Bank of Fayetteville, N. C.
see CBRomci.K April 28, 1905, page 1455; that of April 30>
The latter, in the course of his remarks on "Collateral for
1904, see May 14, 1904, page 1887.
Loans" made a very pertinent suggestion when he said "It
INTBRBST-BBARINQ DEBT APRIL SO. 1906.
would be a wise legislative enactment if active officers were
lntere$t Amount
AmountOutttanding.'
debarred from becoming indebted to the bank. They should
Beoietered.
Oouvon
lotal
tMe of Loan— payable, issued
t
I
not expect to borrow without good security, and some other 2i, Conaols of 1980
Q.— J. 642.900,060 636,020.800
7,889.760
642,909,950
42,041.420
198,702.860
34,103,940
77,185.3«0
8i. Loan of 1008-1918.. Q.—F.
bank had far better have the paper." C. N. Evans, Cashier 4f
166,696,000
Funded loan. 1907..Q.— J 710,930,860 116,414,400 40,180.600
J. 40,018,760
87.860
Refund'Boertlflo's.Q.—
U
of the Merchants' & Farmers' National Bank of Charlotte, it. Loan of 1926
118,489.000
Q.—F. 162,316,400 92.644,300 26,015,600
N. C, Is President of the Association for the ensuing year.
895,198,070
AffK'te Int.-BearlnK Debt.l,684,9dl,110 786,920,820 108,209,890
tered,
—
—
—A
DEBT STATEMENT APRIL
;
:
.
.
,
—On
tional
the 23d inst. the board of directors of the First NaBank of Louisville, Ky,, promoted Mr. Clinton C. Mc-
Clarty from the cashiershlp to the vice-presidency. In this
new posstion Mr. McCIarty will practically become the executive head of the institution, as its President, Dr. George
B. Lewman, is not in good health, and desires relief from
active duties. Mr. C. C. Bickel resigns as Vice-President,
but remains a director in the bank. Mr. McCIarty succeeds
Mr. C. B. Compton in the directorate. Receiving Teller J.
D. Lewman becomes Assistant Cashier, and, for the present,
cashiership will remain vacant.
The First
National of Louisville is enjoying a very prosperous era, its
busineES having rapidly increased on safe and conservative
at least, the
lines
NOTK— Denominations of Bonds
March
Funded Loan of iSOl.oontinned at 2 percent, called
May 18,1900; Interest ceased August 18, 1900....
rnndedLoanof 1801. matured September 2 1891..
Loan of 1904, matured February 8. 19(i4 ..
Old debt matured prior to Jan. 1, 1861, and later.
Debton wbtchlnterest has oeaied.
capital is $100,000.
the Metropolitan Bank of New
Orleans, La unanimously voted to Increase the capital from
1250,000 to $4CO,000, at the meeting held on the 17th inst.
The sale of the proposed issue will also enable the bank to
enlarge its Burplus fond (on March 81 reported as $40,003) to
1200,000. The new capital will go into effect July 1. An
stockholders of
AprUiO.
$83,800 00
46.70(1 00
884,360 00
947,796 26
..$1,406,460 86
$1,401,045 i6
$846,081,01600
OnltedStatesnotes
68.g47.'iO
demand notes
31,874,742 00
Natlona bank notes— Redemption account
6,867,902 08
rTaotlonalaurrencr,leBB$8,375,984estlm'd as lost or destroyed
Old
1
Aggregate of debtbsarlngno Interest
Vice-President and Harlowe Barnett, Secretary and Treas-
—The
81.
$88,900 00
46.700 00
329.750 00
947.800 26
DEBT BBARINQ NO INTEREST.
&
The
:
of 920 loan of 1908 oonpon and registered.
of flOOall issues;
of $1,000 all Issues;
of $10,000 all registered bonds;
of $60,000 registered Ss of 19S0.
DEBT ON WHICH INTBRB8T HAS CBA8BD SINCE MATURITY.
during the past few years.
—The opening of the Guaranty Trust
Savings Company
of Jacksonville, Fia., occurred on the 1st inst. As previously
noted, James W. Spratt is President; W. M. Bostwick Jr.,
urer.
are
Of $10 only refnndlnK oertifloates;
Of {50 all Issnes except 3s of 1008:
Of $600 all except 5b of 1904 coup.;
O($5,000anreRl8te'd2s,8saDd48:
Of $20,000 reglst. 4s loan of 1907;
$884,977,507 68
RECAPITULATION.
March
April 30. 1006.
Ola$$meaHon Of Debt—
Interest-bearing debt
Debt, Interest ceased
Debt bearing no Interest..
31, 1006.
$
«
Inc. or Dec
$
806,187,630 00 Inc.
640 00
1,400 460 26 Dec.
6.406 00
883.882,200 68 Inc. 1,006,307 00
896,168,070 GO
1.401,049 26
884, 977.f07 68
^T^,63fl,6£2 84
Total gross debt
Cash balance In Treasury*. 284.318,681 17
1.280,446.1FO 84
291,881,02.j 67
Ino. 1.000,442 00
Deo. 7.608,043 40
097,817,04167
088,684,067 27
Ino. 8,608,884 40
Total netdebt
,
*
Inclndlng$160.000,000 reserre fund.
The foregoing
show a gross debt on April 80,19(5,
and
a
net debt (gross debt less net cash
84
figures
of $1,381,536,622
in the Treasury) of $997,817,941 67.
May
THE CHRONICLE.
27, 19U5.]
Tbeabuby Cash and Demand Liabilities.— The cash
holdings of the Government as the items stood April 80 we
have prepared from the Treasury statement of that date,
LIABILITIBS.
Tr««t Fund ZAabilities—
AHfl'HTH
Irust
Fund Holdingt—
$619,204,969
469,349,000
Silver dollars
9,567,477
BUverdollarsof 1890....
i.;W7.623
1890..
bullion
of
SllTer
Total truBt funds.... $9e8,41-^.969
Gold coin
.
Oeneral
811 ver certificates
00
Treasury
Silver certificates.
Sliver dollars
Sllverbulllon
United States notes
Treasnrynotesof 1890..
uc
t80,2S8.979 88
3^,0*12.750 00
»',50]{,4«7
00
16.237.067 00
3.786,600 04
16,008,364 00
48.Hf^6 00
18,854,898 00
13 996,342 hi
72 08
912,2^7 74
Minor coin26
60,721
d
Bonds and interest pai
Tot. In 8ub-TreaBurie s.»180 071.356 88
National bank notes. .
Fractional silver coin...
Fractional currency
.
In Nat. Bank DepositariesCredit Treasurer of U.S. $79,fi79.6U
8,n77.ah0
Credit U. 9. disb. officers
tWH,!i67.oii4
Total in banks
In Treas. of Philippine Islds.—
Credit Treasurer of D. S. $2,602,038
l,8«B.88^
Credit U. S. disb. ofllcer a.
$4.368.988
Total In Philippines.
.
Tot. trust liabilities.. t9»?.4i8>969 00
Oen. Fund LiabilitiesNational bank 6 per cent
fund
$17,390,726 86
Ontstandlng checks and
drafts
11.798,323 78
DlsbnrsinK officers' bal-
ances
Post Office Department
52,633,42826
5,8S9,68l 13
1.776.446 86
account
Miscellaneous item*,
Total gen. liabilities..
. .
.
$b8.»78 6jo 88
20
71
H6
67
.
total
w
9,886.0 '0 00
42
78
Beserve Fund Holdings—
Gold coin and bnlllon. 1160,000.000 00
Grand
I5I9.204.9H9 00
469,349,000
notes of 1890..
00
Fund Holdinoe—
Gold coin and bullion...
Gold certificates
Gold oertlfloates
00
00
$1,871,716,25? 05
Oash Balance A Reterve—
Total cash and reserve. .$184,818.681 17
Made up of—
Available. ,$134,318,681 17
and
Reserve Fund
Gold & bnll.$160.000.0 00 00
Grand total
$1,87 l,7ia,267 15
[From our own oorrespuadent.]
London, Saturday, May
13, 1905,
Bnsinees has been almost at a standstill thronghont the
week, owing immediately to the fall in the American market*
There has been a large ball speculation in the Stook Exchange here. Everybody knew how prosperous the United
States was, and weak operators jumped to the conclusion
that the rise would be continued. Consequently they opened
very large accounts. One member of the Stock Exchange in
particular, whose whole assets appear to have amounted to
only about £3,000, had accounts open for about £70,000. When
the fall took place he was of course unable to meet his differences. And his failure involved a good many others. For
a while it was feared that the speculation had bee a even
greater than it was and more reckless. And consequently
there were apprehensions that numerous failures would take
place. Business, as a result, was almost suspended. These
reckless speculators had very little capital, but they somehow managed to get credit on a very large scale, and nobody
knew who might be hit and therefore what the consequences
might be.
Apart from the apprehensions thus excited in the Stock
Exchange there was a good deal of nervousness on account
of the indignation felt in Japan at the alleged breach of
neatrality by France. It is hoped now that the assurances
and explanations given by France have satisfied the Japanese
Government, and that the matter will be allowed to rest. In
the more it fluential circles of the city there is also still a good
deal of uneasiness because of the attitude taken up by Germany in regard to Morocco. German interests in Morocco
are so small that people are puzzled to account for the
action of Germany, Therefore they fear that there may be
a strong desire on the part of the Kaiser to hnmilate France.
The best opinion upon the whole, however, appears to be
that a way out of the difficulty will be found. Those who are
in the best position to judge in Berlin hold that the German
Emperor is determined to show that be must not be treated
with disrespect on any occasion.
The French Government
did not officially make known to him the Anglo-French
agreement. He looks upon that as offensive to himself and is
Consedetermined to make France feel his resentment.
thought
by
those
who are in touch
quently it seems to be
with the German Court that M, Daloasse will have to
resign, and that in that way the Morocco incident will be
brought to an end.
Over and above all this, there is a general unwillingness to
engage in new rieks until there is a meeting of the Japanese
and Russian fleets. Upon the Continent it is hoped that if
the Russian fleet is able to hold its own, Russia will make
peace. The Czar requires some success before he can bring
himself to enter into negotiations. Here in London, on the
other hand, the belief is that if the Russian fleet gains any
Euccess, Russia will be encouraged to persevere and the war
will be protracted. Moreover, it is feared here that if the
RuEsian fleet is able to keep the sea, it will adopt measures
2109
towards neutrals which m^y extend the coLflict. If, on the
other hand, the Japanese win, the general impression in this
country is that Russia will be helpless, that Sakhalin will be
occupied, Vladivostok Invested, and possibly General Linievich driven out of Manchuria, and that then peace will have
to follow.
In Paris business is quite as stagnant as here. Money is
very abundant and cheap, and everybody is afraid to engage
in new risks. The state of things is very similar In Germany.
Indeed, all over the Continent people are waiting upon events,
firstly, to see what the outcome of the German Mission to
Fez will be, and, secondly, to ascertain whether the Russian fleet is able to cope with the Japanese.
The general opinion in London at present is that money is
now likely to be plentiful and cheap. That opinion prevailed
in the early part of the year. The very best authorities were
then convinced that from the beginning of April money
would become easy. It has been cheaper than in the preceding
two months, but it has not been at all so cheap as was generally expected. This was mainly due to the withdrawals of
their balances by the French baoks. They have been withdrawing on an extraordinary scale. So much so that those
in the beet position to judge are convinced now that the
balances employed by the French banks in the discount market
in London are as small as they were before the South African
war. The same reduction has not taken place in the balances employed on the Stock Exchange, where rates were
more profitable than in the discount market.
Moreover, the French banks have been withdrawing balances on a very large scale from Germany. Here in London
they bought gold extensively, which prevented the Bank of
England from increasing its reserve, as it was generally expected that it would do. la Germany the French banks sold
German
consols in large amounts.
As money
exceedingly
is
abundant and cheap in France, there is much difference of
opinion as to why the French banks have withdrawn so
much, both from England and Germany. One explanation
is that the Moroccan incident has made banks apprehensive
and that therefore tfcey are increasing their reserves. Another is that the effect of the Moroccan incident has been
heightened by the complaints of Japan respecting the stay
of the Baltic Fleet in French waters. And a third is that
the French banks are expecting the defeat of Admiral Rajastvensky and that they are apprehensive that such a defeat
will make an escedingly bad impression in Russia and possibly might lead to a renewal of disturbances.
Whatever the true explanation, there is no doubt at all
that money in exceptional amounts has been withdrawn by
the French banks from both Eogland and Germany. The
belief exists here now that the French banks, by reducing
their balances so much, have no longer the control over the
London money market which they undoubtedly had for the
last four or five years; that they have bought nearly as much
gold as they can buy, and that consequently the French demand has ceased and that the Bank of England will be able
to augment its reserve very materially.
Naturally, therefore, the impression is once more gaining ground that we
are about to see a prolonged period of cheap and easy
money.
The India Council offered for tender on Wednesday 30 lacs
of drafts, and the applications exceeded 281 lacs at prices
ranging from Is. 3 15-16d. to Is. 4d. per rupee. Applicants
for bills at Is. 3 81-32d. and for telegraphic transfers at Is. 41.
per rupee were allotted about 23 per cent 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 three years:
1905
May
1904.
10.
'
28,863.476
J2147.7I1
38.742.762
Circulation
Public deposit*
Other deposits
Government securities
16,71»,5a2
Other securities
27,3t;0.801
Reserve of notes and coin
25,601,966
Coin H, bullion, both departm'ts 38,035,430
Prop, reserve to liabilities, p. o.
Bank rate
percent.
Consols, 2}i per cent
1908
May
11.
S
28,442.865
7.0I>1.U4
40790.149
17,229.634
26.086,248
2:i,.S84,4H
36,377. <:86
60it
2!^
i
310 041,000
86 874 862
90 6-16
375^
4
92 5-16
i!6«<i.
^4^4.
194,6^6,000
14.
'
44490265
21779212
3
26«d.
1902.
May
13
2^.770 750
7,185 660
59 OBO'Oia
14,789 631
48?i
89 13-16
Sliver
ClearlnK-House returns
May
89 683.425
10.24S,220
a9.74i,.'J13
14,8^4,003
i9,54».786
2H,672.l2l
86.360,346
46 15-16
3
9dHi
235«1.
813,^3<«,000
204,370 000
The rates for money have been as follows:
[ntirtit *ilt*n4
for dtpotiti ht
09 in Ut^fktt BaUa.
London.
ta
Apr.
••
"
May
•
14
19
29
6
13
IrmitBUU
.Bank B\X\i.
a
SJIfontki.
i
Month*
2 1-16
2 1 16
2
2
2k 2H@2 3-16
2 5-16
2k
ak 2M@2 5-16
2H@3
aMontXi. 3Mo$.
1
2>6
3-ie
2«
2?6
^6-16
Joint Dii'tH'i.
Stocl
Banki JmU Dav*
1
2>4®2J1
1
1
9^
1
Ik
l«
Ik
Ik
lu
1«
.
"
:
THE CHRONICLE.
2-200
[Vol.
t.
ttt-
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows:
UcLv
2tfav IS.
AvrU
6.
Avr.
29.
82.
Bat$$ tf
Inttrttt «t
•*ii
Bank
0»«fi
RtLtt.
Mark*
Bank
0»<n
Bank
Bank
Oy*n
0»*n
Bat*. Mark*i
Bat*. Mark*t Bat*. Afark<
8
8
3
3
8
191
Mrltn
8
8
2
8
Hamburg
3
8
8
2
3
1^
l«
rrankfort
Amiterdam....
H
S
2
8
,....
Brniiali
8
Vlanna
8«
3
SM
2«
2«
Bt.P«taribarK.
Madrid
Oonanhasen
4
&
Messrs. Pizley
May
iH
3 7-lC
8
t«
8«
fH
DOa
2«
8
&«
fk
*^
8
8
4X
8
4
4
t
4
4
4
nuui
Abell write as follows under date
o'
11, 1905:
Gold— There waa a sharp rpcovery In the Paris oheqne this week,
In oonBequenoe Ihei demand for g'>Id for that quarter has praotloa)ly ceased. The Bank has boneht $218,000, ana the praepects are
that tht-y will get more rext week, when over half a million is due;
£30.(00 has beon wtitdrawn for Sonth Amerlpa and £15,0(0 for
Bontb Africa. For the week— Arilvale: Cape. £a*0,<iOO; Bombay,
and
£12,000; total, £414,000.
Ship
mente: Bombay, £72,600; Caloatta. £V00ii; total. £77,600. For
month of April— Arrivals: France, £ 14.000; BelKlnm. £46,000; West
Afrloa, £51,000; South Africa. £i.30o.000; India, £^94.ooo; Smth
America, £*.7,00O. Shlpmens: France. £l,iSft7.ono; We-t A'rloa,
£4,000; India. £334,000; .South America, £466.000.
Silver China has been ihe oh'ef bnyer during Th*« week, and on good
gnrchases the price has rallied to 26»«d bat to drty the demanl 1p Jess
een, and we have fallen to 2- Ssd. for oas'h, with only a moierate bU8trese. Forward has flaotaated beiween ^e \. ani Sj^d. under oa^b. and Is
the duller market of the two. India is dolntr nothln)^. and their qaotatlon
Is Rs. e?"* for shipment.
Forihe week— Arrivals New York, £20.000; Australia. £?>,000; Chill, £2,000; ftal, £2s7.000. Shipments:
Bombay, £30,28 1; Calcutta, £5.000; M^lta, £IO.SOO; Shanghai,
£165,000; total. £Z10,781. For month ot April -Arrivals U. 8. A.,
£752,000; France. £ 10.000. Shipments: Russia, £114,0C0; France,
£48.0C0; China, £26,000; India, £448.000.
—
.
:
:
The following sbows the Imports of cereal produce into
the United Kiogdom dnring the thirty-six weeks of the
season compared with previous seasons:
[HPORTO
1904-5
Imp'tBof wheat, owt.71. 740.800
Barley
16. 9." 6.300
Oats
9,569,600
Peas
1,518,043
Beans
1,205,770
Indian corn
30.088, 8J0
Flour
8.255,220
1903-4
60,931,869
24.849.168
10,814,763
1.655,380
1.709,278
8*i,236,415
15.485,555
Supplies aval) able for consumption
on September
19012
1902-S.
54,745,327 45.203 360
20,523.402 17.8>9.7.'>7
10,120,884 12078,166
1,472,4'»1
1,330.574
1,228,025
1,323, i90
27,300.171 81.097.820
13,353,266 14 107,361
(exclusive
May
I,
\Wb.
iTtasurv.
Statet.
I
t
I,
1604.
t
t
G10ldcoln(lno.barnlnTrea8.)l.f43.&e7,lS9 180,2e8.9'9
644.428 911
ece.i69,41fr
Gold certificates
Standard silver dollarf
32.0fl»,760
487.K2219
4''3948,C69
668,288.418
W2V).6bl
Silver oertlflcateg
Subsidiary silver
78.e4l,- 65
4ea.S4ft.513
114.062,1188
«.t0a.487
13,b^5.8^3
4v,86H
16 0o8,S5t
9.8r5,000
Treasury notes Of 1890
United States notes
846.681,016
Curr'oycert., Act Junes. '72.
National bank notes
481.244,945
73.t4J,t^88
46h,079.oh4
94,e20.S08
087 645
9.-?2l84
831678 668
10<
12854,898
1?,''53,196
3i9 777.071
4e8,S90,'i47
424,365,007
...2.853.979.510 276,978,834 2,678,006.688 ?,532,640.186
Total
fopnlatlon of the United States May 1. 1905, estimated at b8.02e.ooO; oironatlon per capita. |8l 06.
For redemption of ontstandlni; certlfloates an exact equivalent In amount
money Is held in tbe Treasury, and is not Included
In the account of money held as assets of the Government.
t This statement of money held In the Treasury as assets of the Oovern*
of the appropriate kinds of
ment does not Include deposits of public money in national bank deposiUnited States, and amountlne to
taries to tbe credit of the Treasurer of the
•79 579.614 42.
—$2,500,000 West Penn Railways Co. first morfgage five
per cent gold bonds, due 1931, without option of prior payment, are offered by N. W. Halsey
Co. in our advertisings
columas, Some of the points brought out in the advertisement are the tax exempt feature of the securities, the heavy,
steam railway construction of the linec, with their practical
monopoly of the traffic in tlie territory where operated, and
the large population within immediate reach of the company's electric-lighting service
Names of capitalists interested, vfith finaacial details, are given, »Il tending to indicate the desirability of these bonds as an investment. Price
and full particulars can be had on aoplication at the New
York office of N. W. Haleey & Co., No 49 Wall St., and also
Many interesting facts conat the other offices of the firm.
cerning the company will be found on page 1914 of the current volume of the Chronicle,
&
of stoch
1):
1903-4
1904-5.
54.74(S.327
Imports of flour
8,255.220
Hales of home-grown.l2 078.196
13,353 266
18,185,454
15,485.5^5
14 068.738
1901-2.
18C2-8.
Wheat Imported, owt.71,740,800 60,93 1 .869
46,203,36)
14,107,361
19,810.865
Total
92,074,216 90.486,162 86,284,047 79,121,536
Aver.prioe wheat, week. 30b. 8d.
276. 4d.
278. 6d,
SOs. 9d.
Average price, season. SOs. 6d.
27s. 3d.
268. 7d
278. Id.
The following sbows the quantities
afloat to the CjDited Kingdom
of wheat, flour and
maize
Wheat
qra.
Flour, eqaal to qra.
Malge
qra.
TKiavottk, LaBtvoeek.
3,440.ooi)
8,15.'S,C00
165.000
470.ono
145,000
495.000
1904
1901
4.100,000
135.000
895 «ti<^'"'
1,803.000
330 000
505 Qoo
Kuce'ialb Ftuanctal martLeta—Jt^ui 4;mDj«.
dally ciosiug quotations for seourlties, etc., at
are reDort*«d by oablt- »» follows for thp week ending
Toe
London.
Sat.
ounce
d.
Consols., new. i^ p. cts.
For account
2718
Bllver. per
Mon.
Tues.
Wed.
27
!i7ixe
a!75i<,
90>4
9t6,«
Fr'ohrentet<(lB Parl8)fr
Aiiaoonda Mining
Alch. Top. & Santa Fe.
9C3i8
»0>4
London
May
Thurs.
26iB,e
903i8
9014
26:
Fri.
27
It
99 65
99-65
99no
5i«
5I4
.M4
514
8088
104*4
109B8
& Ohio
9014
80%
80
104
81
104
82
104
104
lotiie
10h%
lllia
HOia
99
99
99
99
1481«
47*a
19»a
146!^
471s
147l«
99
Canadian Paolflo
Chesapeake <fe Ohio
Chlo. Great Western...
1491a
14778
47 14
ISW
Ohio. Mil. &BC. Paul...
Chlo. Rock I. &> Paolflo.
Den. <Sk Rio Gr., com....
Preferred
17«
174%
49%
19%
48 1«
19
1761a
178>4
176««
Preferred
2d preferred
lUlnols Central
LonlBvllle <to NashvlUe
Mexican Cential
Mo. Kan. & Tex., com..
Preferred
Nat. RR.of Mex.,lBtpf.
S. Y. Cent. A Hudson..
N. Y. Ontario & West..
Norfolk <fe Weatem
Prtif erred
Northern Securities
Pennsylvania
A
Phlla.
Reading*
lat preferred*
2d preferred *.......
Bonthern Paolflc
Bouthem Rail w., com..
Preferred
Union Paclflo
Preferred
U. 8. Steel Corp., com..
Preferred....
.,
,
Wabaah
Preferred
Debenture "B"....
Price per ahare.
VI
O
*A
O
H
Erie, common
let preferred
,
27%
261*
26 S
29
87 1«
40
79
29
281a
86i«
391a
78»4
64ia
leoifl
I46i«
20ifl
U
o
2618
60
86
l4?ifl
47>8
M
o
o
t-
18i«
78\
961a
ln6>«
861*
»8(>8
78
63
160
145
19
25
58ifl
SS'a
14L
46 1«
79
95 >«
161
68 >4
67%
46
47
44
62
45
46>«
64
161
I46ia
laifl
27ifl
28I11
27
87^
87ifl
4178
79»a
67
164
148
20 1«
281a
401a
79
67
163
146
2614
26>4
58ia
351a
61
86
tiOifl
46I4
36
1441a
79
48%
80%
i^5>«
9ft la
1611a
t8
45i«
4bia
169
142t«
eoi*
80
9.".
I66ifl
6a %
6b >4
46%
4.'''«
46ifl
461a
44l«
6214
29 !«
29^
eo'a
29 >«
981a
121ii
98 >«
44
62 >4
29
98
I19i«
120»«
L24I4
i2z>e
99
9w
99
99
2714
95^,
28
l!ri«
2614
W4a8
11
8»
7R
74«#
100
27«l»
95%
44
S8>fl
44
63 14
80
98
98
>«
2t'8
97 H,
9.'>l4
18%
19
19
38>a
40
76
75
7ft
3V«i«
When
Per
Gen' Payable
of Company.
Sootu ClOMA.
(Days Tnclutiv*.)
Railroads (8team).
Atlantic Coast Line Co. (qnar.)
Boston Revere Beach & Lynn
Chicago <& North Western, com
do
do
pref. (qnar.)
do
Delaware <fe Hudson (qnar.)
Mexican Southern
Street Kailvcays.
CMppewa Valley Eleo pref. (qnar )..
Kansas City Ry. & Light, pref. (quar.)
2
J'ne
J'ne
1
I
2
J'ly
J'ly
J'ly
J'ne
J'ne
2
1»4
J'ne
Holders
2'i
May
May II
2
to
J'ne
to
J'ne 30
9'
to
J'ne 30
of rec. May 26
to
May 24
1 Holders ot rec. May 31
1», J'ne
to
l\ J'ne 1 May 21
J'ne 1
Ferries, Pan Fran, (mthly.) 200 May 36i
1 Holders of rec. May 18
i.t.. prf. (qn.)
J'ne
1
Kochester (^f. Y.) Rv
J'ne 30 J'ne 20
to
J'ne 30
1
Sonth Side Elev Chicago (qnar.)
,
&
&
,
Banka.
May
MechanlOB, Brooklyn
Miscellaneous.
Alabama Consul. Coal & Iron, pf. (qu )
Amer. Car* Foundry, pref. (No. 25)..
American Chicle, com. (monthly)
American Ungar Befj;., com. (qnar )...
do
do
pref. (quar )...
do
Associated Merchants, com. (quar.)
do
com. (extra)
do
Calumet & Hecla Mining
Diamond Match
pref. (qnar.)
Transfer books not
May 30
J'ne
J'ne 9
J'ne 16
J'ne 1
J'ne 1
May 27
11«1 J'ly
J'ne
1
1»4 J'ly
1»4 J'ly
'a
J'ne
J'ne
$10
J'ne-
1',
May
'27
to
May 31
to
to
to
to
to
J'ne
t'l
to
J'ly
1
2
J'ne 20
J'ly 4
J'ly 4
J'ne 1
J'ne 1
23 Holders ot reo. May qS
laJH. Iders of rec. May 3 1
J'ne 22
J'ly 2
to
I'd J'ly
1 May 23
2
J'ne
to
May 81
to
I»4 J'ne 20 J'ne 10
J'ne 20
J'ly
1 J'ne ?0
to
J'ly 2
11^ J'ly
1 Holders of reo. J'ne 16
1
,
KlnKB County Eleo. L. & Pow. (qnar.)
Railway Hteel Spring, pref (quar)
Streets' West. Stable Car Line, pref..
United States Leather,
13,
31
2^, J'ne
(qnar.)
General Chemical,
pret. (qnar.)..
closed,
t
Two months'
dividend on account of change
in dividend period.
Aa<^tion Sales.— Among other securities the following not
regularly dealt in at the Board, were r'-cently sold at auction:
Son:
By MeHsrs. Adrian H. Mailer
&
Slocks.
stocks.
20 MetropoUcan Trnat Co. .621
15 8anltol Chem. Laborat'y
iO
25
14111.
NamM
Presidio
99-.'>'.ii« 99-.=)5
588
Preferred
Baltimore
May
Btldin
InttieOnxtti
2X
8
nom
Chill.
r-Montvin Circulation.-^
1906.
8M
5H
*123.r00; Ansiralla. £29,000;
Monty May l.—~
•-Stockot
s>i
aom
CM
Stock of Money in Country.—The following table
shows the general stock of money in the country, as well aa
the holdings by the Treasury, and the amount in circulation
on the dates given.
The statement for May 1, 1904, will be
found in the Chronicle of May 28, 1904, page 1995.
Co
of
8t.
Loalc,
$10
*rf ler share
each
Right 10 euhsorlbe for 34
shares new stock Meohanlob' Bank of Brooklyn. $50<-a«h $52 '/b per eh.
20 Hartford Fire Inn. Co.. .82ft
42 ^i;tra Idr Oi.,Hartf'rd.3AO
60 KLdalx Ins, fi<>.'Hartr.).285
44 Spring tlrld Fire dc Ma-
267
rine Ins. Co
128
66 Nonhwest. 1«leg. Co
2H N. T Pie Baking O>..*100 lot
,*,2.^0 luternatloii'i
Con-
C). com.. ..
3,250 Internatlon'U-'ondenser CO. I ref...
160 Eqalt. Tr. Co. of N. ¥...62.%
40 U 8. Mort. & Trust Oo..A35
30 Mercantile Nat. Bank... 283
18 Title 4nur. & Trnst Co. .678
68 Nat. Bank of No. ADaer.240
6 Lawyers' Title Ins. &
Trost Co
336ie
60 M >rtgage Band Co
119
Itle Guar. & In100 U 8.
denanlty Oo
125
I
20 0^7*
8ab.
Homes
Co.. 90
20 Liberty Nat. Bank
630
80 First Nat. Rank of Oorowall, N.Y
fl021ot
rtt-nser
$»'0,0(
nai'l
f 15,0
note of Inter-
Condenser Co.,
dated Ju y 8th, 1904..
By
Bondg.
^
|
I
J
$l,iOOWeRfly<& Hi)pkluton rty. Oo. let.-^s, 19i3
SO chares Westerly &
Uopklnton Ky. Oo.
Messrs. Richard V. Harnett
&
910
lot
Co.:
Sha^'ci.
300 First National B<tnk
of
Mllwaakeo, Wis.,
a8:>'t
nDpftld.$l25 per sb.
May
THE CHRONICLE.
27, 1905.]
New York City Clearing House Banks.—Statement of
condition for the week ending May 20, 1905, based on average of daily
results.
H'e
omit two ciphers COO) in all
cases.
2201
Wew York
City, Boston and Pliilidelphia Banks.— Below
of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
IS
summary
a
tfe
BANKS.
003
Capital.
NiirpLut
Loans.
Specie.
Lepals.
f
Deposit.-
Capital d
BANKS Surplus.
Ke.
omitteil.
Y
Manhat.
Co.
Merchants'
Mechauics'.
America
Plienix
City
Chemical ..
MercU. Ex
Gallatm
But. & Dtov
.
Mech.<feTra.
Greenwich
Amer.Exch.
Commerce..
Mercantile
Pacific
Chatham
. .
People's
...
N. America
Hanover
...
Irving
Citizens'
..
Nassau
Mar.A Full.
Shoe&Lthr.
Corn Exch
.
Oriental
Imp. <fe
Park
...
Tra<t
East liirer
Foiuth ....
Second
First
N.Y.Nt.Ex.
Bowery
.
N. Y. Co...
German Am
Chase
Filth Ave..
German Ex.
Germania
..
Lincoln
Garfield
Filth
Bk. ofMet..
West
Side..
Seaboard ..
IstX.Eklyn
Liberty
N. Y.Pr.E.x
New Amst.
Astor
Total
$
S.
2.000.0
2,580,8 18.247.0
2.827,0
2.050.0
2,491,7 27,8W7.0
5,36'2,0
2,000,0
1.404,9 13.^79.2
3,060,0
3.000,0
3.329,6 21.890.0
3,004,0
1,500,0
3,56:-!.0
22,434.1
3.637.6
1.000,0
265.8
4,376,0
989.0
25,000,0 18,013,1 205,742.5 48.4s6.'2
300,0
4.107,6
7,710,2; 24,726,0
600.0
352,7
6,116,1
1,255.8
2, '240,2
1.000,0
8,606,6
1.112.0
300,0
2,184,5
130,1
663,5
700.0
6,070,0
357,6;
896,0
500,0
547,4'
4.160.3
585,6
5,000.0
4,431,0 30.775,8
6,810,0
26.000.0 11,935,4 154.089.4 22.545,4
3.000,0
4,424,1 22,099.9
3,665,3
422,7
618,7
3.446.8
329,1
1,0(S7,5
450,0
6.242,7
845.6
200,0
2.179.7
422.5
458,8
2,000,0
2,010,4 16,171.**
2,204,8
3,000,0
9,541,'2
6,841,1 49.338,3
1,000,0
7.247,0
1,064,2
1,134,0
2,550,0
3.6.il,4
606,2 16,157,1
500,0
317,3
3,376,8
372,5
1,000,0
6,7d2,.'^'
1.338,7
1,256,8
1,000,0
400,9
8.608.6
2.240,3
2,000,0
3,276,0 29.282.0
5,037,0
750,0
1.077,3
8,852.6
2,375,9
1,500,0
6,619,2 24,274,0
4,042,0
3,000,0
7,230,1 68,640,0 14,429,0
250,0
1.283,5
108,7
182,0
3,000,0
2,957,0 20.477,0
3,362,0
300,0
1.502,4 10.119,0
616,0
10,000,0 14.992,
98,097.4 19,664,0
8.795,'/
1,000.0
886.
1,738.4
250.0
463,t
768,3
3,590,1
200.0
715,6
4,823,0
985 .J
750,0
3,994,4
532,2
791,9
1,000,0
4,224,7 47.286.9 12,3^8,4
100.0
9,890.5
1,784,7
2.493,7
200.0
705,6
2,740.4
^10,0
2,807.)200.0
873,0
458,3
300.0
1,391,3 12.706.*1,073,8
1,000,0
1,270,4
7.821,5
1,713.2
2.722,'2
250,0
408,2
597.3
1,000,0
1,485,6 10,279,6
1,846,0
200.0
646.4
4,138,0
768,0
1,446,H 14,108,0
500.0
3,028,0
300,0
624,6
4,249,0
650,0
1,000,0
2.003,6 ll,:-12.s,2
2,259,3
497,6
1,000,0
5,398,9
1,112,0
600,0
574,5
6,303,3
1,357,4
350.0
532,6
4,590,0
779.0
*
$
1,736,0
2,165,0
1,522,0
2,585,0
2,260,4
208.0
8,614,7
1.840,0
591,9
573,4
76,9
604,0
306,9
1,783,3
14,490.2
1,380,6
452.6
992.5
370,4
2,336.5
5,027,
'
£,
46-2,6
1,455.6
386,8
629.6
475.0
3,927,0
441,6
1,363,0
5,810,0
206,7
2,536,4
1,828,0
2,406,6
460.7
337.0
49'2.S
197,5
1,710,6
356,2
805,0
076,8
2,145,7
285,0
148.6
863.'.i
3.i6.0
1.488,0
7.S4,0
250.0
402,9
564,0
293,0
17,327.0
31.994,0
17,308,8
22,479,0
23,966,0
4.337.0
213.427,1
164, t6,897.9
6.553.6
2,706,3
5,931,0
4,228,7
27,279,7
142.266,0
18,805,2
4,029,4
6,517,0
2.866,6
15,774,3
57.969.7
6.730.0
20,140,3
4,029.1
6,781,2
'23,
Specie.
Legals.
De-
Circw-
posits.^
lation.
Y
$
253.<;29,2 10979021 217.715.1 85,582. 11465286
44,149,2
6 253.62H,2 10921219 220,303.7 84,4(i0,'2 11438970 44,5H7,6
Mayl3 253,629.2 10997169 219,8,'*8,3 84,379,'2 11502197 44,69rt.7
May20 253,629,2 11204268 215,174.2 84,333,' U651517 15,308,3
Mayl3 47,960,"
25-6
23-2
May20| 47,960,0 220.770.0
09,207,0
266,546.0| 12.458,0
141,740,0
t Including for Boston and Philadelphia tlie item "due toother
banks "
and also Government deposits. For Boston these Government deposits
amounted on May 20 to $1,709,000 on May 13 to $1,995 000
•26'2
10
2
31-5
May
26-8
19-4
80
•2M-9
Bos.
May
42,139,5 196.795.0
6
Mayl3
May20
18.921.0
18.931.0
18,616.0
4'2,139,5 193,996.0
4'2,139,5 191,940,0
5,973.( 232,931,0
7,903,0
7.917.0
7,928,0
187,750,0
148,007,3
138,974,2
256,556,0 12,406,0
255,83';,0 1 2,406,0
162,367,2
124,997,3
6.275,(1 229,979.0
6.675.0 226,368,0
riiila.
47,960,0 216,812,0
6
65,456,0
63,82M,0
217,n'29.0
;
28-7
251
Imports and Exports for the Week.— The following are
New York for the week ending for dry goods
May 18 and for the week ending for general merchandise
the imports at
May
19
;
week January.
also totals since beginning first
•23-5
FOREIGN IMPORTS.
25 '2
1*5'8
27 8
78,180.(j 25-8
24'9
25-4
23 '0
24-5
25 7
19-7
24-1
.•5,b98,5
26 3
65,808,0
10,940.0
3.976,5
5,670,4
13,610,1
8,065,4
2,988,6
11,961,4
4,619,0
16.838,0
4,590.0
251
26-0
25 -5
20-0
23-6
24-7
24-9
22-6
24-4
26-8
2 It
9,79t<.3 25 6
-'4 '8
6,101,5
7.762,8 24-7
4,461,0 240
t
Reports ot NonMeinber Banks.— The following is the
statement of condition of the non-member banks for the
week ending May 20, 1905, based on average of daily results.
We omit two ciphers (00) in all cases.
For week.
1905.
Dry Goods
General Merchandise
1904.
1903.
Leg. 2.
<£
Sur.
Invest-
00s omitted.
tal.
plus.
ments.
Specie
$1,668,784
9.421.716
$1,98.3.069
8,241, 88.,
$2,022,830
7,501,919
$11,581,466
$11,080,500
$10,224,955
$9,524,749
Dry Goods
$58,364,010
General Merchandise
232,127,73'2
$50,088,751
190.176,305
$57,698,222
183,926,327
$50,969,485
168,545.458
Total
Since Jan.
1.
Total 20 weeks
«290,491,742 $240,265,0.-,6 .*241,624,549 $219,515,443
The imports
of dry goods for one week later wiU 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 May 22, and from January 1 to date.
in
EXPORTS FROM
For the week
Previously reported..
Total 20 week!?
NEW YORK FOR THE WEEK.
1905.
1904.
$10,014,808
202.144.974
$11,236,583
1903.
lS3,52:-:,028
1
Notes.
other
liXPUKTS
Agent. Hks.&c
Colonial
Columbia
..
Consol. Nat.
Fidelity
14th Street.
Gausevoort.
Hamilton
..
Jetlerson
..
Mt. Morris
Mutual
....
19th Ward .
Plaza
Riverside ..
State
12th Ward
23d Ward ..
Union Exch
100,0
100,0
100,0
100,0
300,0
142,6
68,2
62,8
264
315,9
,000,0 1,048,8
200.0
100,0
200,0
200,0
400,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
750,0
United Nat. 1,000.0
YorkvUle
100.0
Coal&I.Nat
300,0
Metrop'lit'n 1,000,0
Slth Street.
200,0
124,9
131,4
87,1
133,2
333,5
129,7
226,0
194,0
242,2
103,2
767,3
117,5
109,5
636,4
152,5
293,7
208,X
250,0
206,4
743,5
681.0
627,9
3,421,6
5.886.0
3.909.3
933.4
2,692,9
2,021,3
4,343,2
2,748,7
2,782,3
3,350,6
2,377,1
3,535,0
1,449,0
8.696,0
2,119,0
1,748,8
6,731,4
2,261,3
2,979,8
2,601,1
1,156,2
1,267,1
10,9
19,9
42,2
56,9
326,0
269,2
19,6
120,5
12,0
17'2,5
9.1
36,0
32.5
21,4
261,9
233,0
42,5
48,4
123,0
165,5
118,3
129,8
116,4
254,1
222,7
210,0
111,9
149,9
32,9
27,8
218,0
15,0
620,0
41,0
53,3
111,4
311,0
192,0
152,9
327,3
26'2,3
48,3
38,4
660,0
155,3
302,0
238,'2
143,4
21,0
1,3
78,9
66,1
37,4
379,5
31,5
80,0
163,7
339,0
36S,0
167.0
3.6
74,7
$
620,4
751,4
716,8
3,868,8
5,953,0
2,391,7
922,5
3,151,0
2,248,4
4,825,6
2,829,2
3,527.1
"'5,0
I68,b
175,2
75.1
178,5
310,0
240,8
125,1
311,7
66,1
188,4
56,3 3,463,1
259,0
297.7 2.919.9
180,0
3,761.0
'251,7
1^7,0
1,766,8
129,0 1,307,0 10,402,0
244,0
44,0 2,657,0
130,4
181,5 2,184,6
1,024,4
166,6 6,628,0
96,9
1,366,4
220,4
itto.'i
3.369,7
500.C
67,0 3,600,0
1,559,9
2,046,9
133,1
79,3 1,386,3
Germany
West Indies
Mexico
South America
1.
1,666
37.551
6,520
278,881
64,664
639,762
28,308
685,546
60,820,642
10,891,904
$58,764
213,832
47,830
$5,122,630
4,834,131
2,916,277
$565,941 $11,089,401
308,000
11,000
""470
67,482
$5',i43
37,798
295,018
1,002,467
:-i.00ii
.'mo,921
."i;32,
15,589.270
3,607,454
ti'i3,028
$20
4,234
679;9it9
6.907
224,618
189
$666,411 $12,162,789
645,566
17,078,792
585,768
13,966.421
$234,184
45,456
116,587
1,374
$1,336,075
376,460
603.960
Of the above imports for the week in 1905, $12,670 were
American gold coin and Si8,G77 American silver coin. Of the
exports during the same time, §10,921 were American
gold coin and $
were American silver coin.
Auction Sales.
Borough of
Jan.
3,880,093
All other countries
Total 1905
Total 1904
Total 1903
.'Since
'20,899,553
193
46.300
7,250,000
All other countries
France
Week.
rS3n,922
4,48.5;
South America
Total 1905
Total 1904
Total 1903
Silver.
Great Britain
1.
500
•til.
$i6",92i
Mexico
.1!
IMPORTS.
Since Jan.
Great Britain
West Indies
Man&Br'nx
Week.
France
Germanj'
N. Y'.CITY.
Boroughs 0/
$9,344,823
1)^4.711,122
AND IMPORTS OF SPECIE AT NEW YORK
Gold.
Deposits
.$9,599,383
96.595.1 i;o
$212,159.78'. .<il94,75:',611 *206 194 543 $194,0.55,945
Net
(JLear'y
190-2.
AoTE.— As the figures of exports as rejiortcil by the New York Custom
House from week to week frequently .show tliverseiice from the monthly
totals, also compiled by the Custom House, we .sliall from time to time adjust
the totals by adding to or ileducting 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 May 20
and since Jan. 1, 1905, and for the corresponding ^
periods in
1904 and 1908.
Deposit with
&Bank
1902.
$2,078,426
9,503.030
K.\POUTS.
Loans
Capi-
2.193,254.1
1,628,894,3
1,782,317,8
260
Total United States deposits included, $13, 150,600.
BANKS.
•2.207.778.3
May
35,779,0 26
9,923,3 28-3
21,599,0 25
1,660,4
23,148.8
10.609,0
89,897,0
8,534,0
4,063,0
6.114.9
$
Apr 29
267
115,972,7 137,656,5 11204268 215,174,2 84,333,7 liesiul"; 25-7
Wasli. Hgts
Century ...
Chelsea Ex.
Clearings.
P.C.
26-3
23'6
26-4
24-8
24-5
27-6
26-7
25-6
11,188,'2 24-2
I
t
Loans.
figures.
v'i)«.
^.
Bk. of N.
omit two ciphers (00) in all these
—See page preceding.
Brooklyn.
Borough ...
Broadway
.
Brooklyn
..
Mtrs.'Nat..
Mechanics'
Merchants'.
Nassau Nat
Nat. City
North
..
Side.
Peoples
17th Ward
.
Union
Wallabout
JkrsetCity
.
First Nat...
Hudson
200,0
150,0
800,0
252,0
600,0
100,0
300,0
800,0
100,0
100,0
100,0
200,0
100,0
97,3 1,914,9
848,4 2,649.0
159,1 1,832,3
593,3 3,607,1
500,3 10,190,1
64,3 1,614,3
790,1 6,662,0
682,2 3,435,0
170,0 1,347,9
191,6 1,904,0
727.0
92,7
112,2 2.823.3
906.0
96,8
33.2
13,4
114,0
403,3
314.1
13.8
241.0
145.0
19.7
73,6
10.4
90,5
62,0
128,8
176,6
148,2
326,6
63,7
2'24,1
108,3
606,6
620,8 1,207,5
127, '2
290,0
456.0
960.0
346.0
605.0
91.7
43,8
162.5
78,4
60,6
91,1
181.0
241,5
37,2
36,7
400,0 1,072,1
4,604,1
163,8
250,0
250,0
200,0
656.2
120.9
296,6
2,219,0
819,3
1,624,5
79,1
67,3
44,4
69,8
16.6
69,0
110,0
126,0
541,6
161,1
2,715,4
1,358,1
140,0
20,6
34,8
67,4 2.066,3
2.710,2
48,7 1.996,7
821, f< 4,527,2
198,9 12,331,3
115,5 2,051,3
6,106,0
iV6,'u
4,088,0
374,4 1.637,7
1'20,5 2,118,3
157,1
880.4
843,6 4,103.6
110,2
070,3
326,4 1,613,6
663.0
6,872,6
405.3
219,3
107,3
26,3
•298,2
6.0
2,091,3
889,9
1,786,1
165,8
93,7
373,1
83,6
2,8ie,3
1,363.0
Co.
National
Second Nat.
Third Nat..
.
HOBOKEN.
TirstNat...
Second Nat.
rot.
May20 114370 128954 1218158
5,709,1 6,536,9 147547 7,421,9 1377661
12*j954 1230123 5,797,9 6.676,6 165053 6.939,6 1400940
6 114370 128954 1229511 5,822.8 6.351.1 154184 7,413.2 1393323
Tot.Mayl3 114370
Tot.
May
34,4
gattliltt0
nnd ^iuanclal*
Spencer Trask
&
Co.
Monthly Descriptive List of High-Crade
INVESTMENT BONDS.
^Transact a general banking busjness and execute
stock and bond orders upon the
New/ York Stock Exchancre.
Branoh Office, Albany, N.Y.
William and Pine Sts., New York
Moffat
&
White,
Members Mew York Stock Exchange,
• HANOVBK BANK BUILDINO,
NASSAU STRKBT.
jDcalers In iBvestmoDt Securities.
COMAIISSION OSDEIIS EXECUTED FOIl CASH ONJiTf,
^j
S
^
CHRONICLE.
-.fE
2,202
State and Railroad Bonds.— Sales of State bonds at the
Board include $9,000 Tennessee settlement 3s at 97 and'
©a^jeite*
^anlijers^
^^ For Dividendi tee page S200,
market given below shows how wide the fluctuations have
been in a number of important cases. The decline which
we noted as in progress at the close last week continued
during the early part of this week and carried at least eight
prominent railway issues and as many industrial stocks to
the lowest quotations of the current year. On Wednesday
there was a turn in the market, and although recovery has
been attended by considerable irregularity, it has been substantial in many cases.
The failure of one of the smaller local trust companies, although in itself insignificant, removed a shadow which has
overhiing the market for some time past, and the Government
crop report issued late on Tuesday was regarded as less unfavorable than that of the preceding week. Later it has been
announced that harmonious relations are now established
between interests controlling the great Northwestern railway
This fact, together with the final distribution of
Northern Securities assets, referred to last week, displaces
one of the elements which recently exerted a distu bing
systems,
market influence.
Athough Saturday's bank
statement showed a large
shrinkage in the surplus reserve, the money market has
continued easy and rates low.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 214 P« o. To-day's rates on call were 3^4 @23^ p. c.
Prime commercial paper quoted at 3;Y(84)^ p. c. for endorse-
ments and for best single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £970,747 and the percentage of reserve to liabilities was 52'15, against 49'80 last week,
the discount rate remaining unchanged at 2^ per cent. The
Bank of France shows an increase of 2,875,000 francs in
gold and 2,175,000 francs in silver.
The New York City Clearing-House banks in their statement of May 20 showed a decrease in the reserve held of
$4,759,600 and a surplus over the required reserve of
week.
$8,219,975, against $16.712,575 the previous
JHfferences
1905
Capital
Inc 20,709,900
Inc
609,600
Inc 14,932,000
Dec 4,714,100
Dec
45,500
299,507,900 Deo
291,287,925 Inc
Beserveheld....
25 p. a ot deposits
4,769.600
3,733,000
1903
1904
Jrom,
previous week
$
115,972,700
Surplus
137,656,500
lioans & discounts 1,120,420,800
Circulation
45,308,300
Net iteposits
1,165,151,700
Specie
215,174,200
Legal tenders...
84.333,700
May
May
HI
23
115,972,700
133,809,000
1,056.553,500
36,480,400
1,100,566,100
210,002,800
78,143,000
109,822,700
129,181,300
923,463,100
44,204,000
914,611,100
166,002,000
71,873,500
288,145,800
275,141,525
237,875,500
228,652,775
8,219,975 Deo 8,492,600
13,004,2751
9,222,726
Snrplns reserve
$13,150,600 United States deposits Included, against $15,734,200 last
•week and $26,841,400 the corresponding week of 1904. With these United
States deposits eliminated, the surplus reserve would be $11,507,626 on
May 'JO and $20,64tj,lv5 on May 13.
is'OTE. — Beturns of separate banks appear on the preceding page.
Foreign Exchange. The market for foreign exchange was
firm this week until Thursday, when there was a slight
recession in rates; the tone was easier at the close.
To-day's (Friday's) nominal rates for sterling exchange
were 4 85i^@4 86 for sixty day and 4 87i^@4 88 for sight. Today's (Friday's) actual rates for sterling exchange were
4 8510@4 8525 for long, 4 8710(34 8715 for short and 4 8730@
4 8740 for cables. Commercial on banks, 4 8475@4 8485, and
documents for payment, 4 843^@4 853-^. Cotton for payment,
4 84i^@4
cotton for acceptance, 4 8475@4 8485, and
grain for payment, 4 85^@4 85J^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 518i^t@5 18i^ for long and 5 16;gf@5 16;^ for short.
(Germany bankers' marks were 94^t@94^ for long and
953^(395 3-16f for short. Amsterdam bankers' guilders were
40i^**(a40>^T[ for short.
Exchange at Paris on London to-day, 25 f. 173^c.; week's
range, 25 f. 19o. high and 25 f. 17>^c. low.
The week's range for exchange rates follows
—
%m
-lAmg
—
®
8540
©44 8520
I'aria Bankers' Fraves—
Hlfrh....| SlS^t
©5 18^
Xk)w
eiS"**
®5 18>f)
I
Low
I
Banlcerif
-Cables.
4 8720
4 8705
®
®
I
5 167«
I
5 16Tfct
®
®
6 16',*
I
95'e
®
9.5«jfl
I
aoifl
(
)
4 8726
4
4 8710
4
5
8760
8730
®
®
4
.
8755
4 8740
16^t
Marks—
®
94''8t
94''4
Short-
.
,
I
Oermany
'CD
947,
94»3i«
Amsterdam Bankers' Uutlders—
®
Hlph....|
Low
•g)
I
Less: »ije of 1%.
t
4014**
403,a
'sa of 1%. *'a
aa of 10^.
®
@
40i4ll
40 >4
Plus: Tlheof 1%.
!
of
10/0.
The following were the rates for domestic exchange on
New York at the under-mentioned cities to-day Savannah,
:
buying
per $1,000 discount; selling 75c. per $1,000 premium; Charleston, lOo. per $1,000 premium; New Orleans,
bank, IGc. per |1,000 discount; commercial, .50@25o. per $1,000
discount; Chicago, par; St. Louis, 400i50o. per $1,000 premium; San Francisco, 50o. per $1,000 premium.
.50c,
?
United States Bonds.— Sales of Government Bonds at the
Board are limited to $3,500 3s, coup., 1908-18, at 103%: to 104,
and 11,000 3s, reg., 1908-18, at 104. The following are the daily
closing quotations; for yearly range ate third page follovti-g.
28,
Interest
May
Periods
20
3s,
38,
regist«redQ
1918
1918
registeredQ —Feb
This
Q —Feb
—Feb
is
S3
May
2i
•'10334 * 10334" •10334
couponQ —Feb *104
38, 1818, 8mall.reglstered
3s, 1918, small
couponJQ
registerediQ
4s, 1907
4s, 1907
couponQ
4s, 1925
registeredQ
48, 1925
couponlQ
*
—
—
May
22
Ma^
S6
Jan '104 1^ n04i2 104»2 IO412 -104 Ij 104>a
Jan *104i3 *104»2 104 Hz 104 Vj 104 la *104>«
1930
1930
2s,
couponQ
2s, 1930, small.registered
2s, 1930, small
coupon
May
—Jan
—Jan
—Feb
—Feb
•104
*104
10334
104
104" 10334
104
104
*i03i^
Ibsii •ibsi^ «i03J.j ibs'ia
•104«8 *104«8 •104'% lOdi^ •10468 1(»4»B
*104»8 *104»8 no4«8 104«8 •104 "8 104»»
132 •132 •132 132 132
132
*132
132 •132 132 132
132
the price bid at the morning board; no sale
was made.
Railroad and JUiscellaneous Stocks— The volume of business in stocks steadily diminished from over 1,400,000 shares
on Monday to less than 475,000 to-day, and the market
has been more than usually irregular throughout the week.
In most cases the lowest prices were recorded on Monday or
Tuesday, from which there has been a recovery averaging 3
points or more, which included practically all active shares.
Railway issues that have been prominent for some time past
—
Union
Pacific, Northern Pacific and Great Northerncovered a range of 6, 13 and 22 points, respectively. The
list of shares that covered a range of from 8 to 6 points is a
long one, including St. Paul, North West., Canadian Pacific,
Southern Pacific, Missouri Pacific, Illinois Central, Louisviz.
& Nashville, Atlantic Coast Line, Baltimore & Ohio,
Reading, Pennsylvania, New York Central, Erie, Lackawanna, Delaware & Hudson and a large portion of the miscellaneous list
The local transportation stocks have been
ville
relatively steady.
Industrial issues have been less conspicuous than is sometimes the case and generally followed the trend of the market.
Westinghouse has been much more active than usual and at
165 on Thursday was 13 points higher than on Monday.
York Air Brake covered a range of 9 points and United
States Steel 3 and 4 for the common and preferred,
respectively.
For daily volume of business seepage 2212,
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
New
STOCKS
Week Ending May
Sfi
Ajner Beet Sugar
Preferred
Amer District Teleg
Amer Telen <& Cable
Cleve & Pittsb, guar
Havana Eleo By
Kananlia i£i Michigan...
Knick Ice (Chicago)
N Y Dock Co
Preferred
BB Securities
111
Preferred
Jtange for week
Bange
sine* Jan. 1.
Week
300 26 May24 27 May20 24 Jan 34HiMai
400 8» Msy23 82 Maj2S 77 Jan 86 Mar
29 May 38 Jan
ICO 29 MaT35 29 May26
90 ^ May 99><Jan
luO 80><>May32 li0i«Mayi2
40 182'4May22 182^iMay2^ 182 >, May 186 Jan
15 Apr 17 Apr
260 168tMa;2U 16i^Maj28
29iaMay 39 Mar
200 2e>9MayJ6 30i«May20
10 Jan 21", Apr
800 18 Ma;23 19>4May26
21 VjMay 27 Feb
100 2miMaj23 21>«May23
730 62<^MayJ4 62<^May24 69 Jan 66 Mar
Cent'i
stock trust oertifloates
Butland, pref
V S Leather
Sales
for
270 96*4May26 9634Ma;26 82 Jan 96*4 Mar
67 May 72 Hi Jan
100 67 Ma>a3 67 May2S
11 Apr lii^Jan
36U ll>«MaTa2 llisMay24
100 lOe May 2 6 1U6 Mayas lOU^eJan 10e>aMar
;
Sterling Actual
High....! 4 8530
l«w
4 8510
Hleh....|
$10,000 Virgina 6s deferred trust receipts at 113^ to 12.
The transactions in railway bonds aggregate a much
larger amount than last week, a fact due largely to increased
activity in a few issues. The latter applies to Union Pacific
convertible 4^, United States Steel 5s, American Tobacco,
Colorado Industrials, and the Japanese Government issues
listed and dealt in here.
An advance of about a point in
some of these and a few other bonds is offset by a similar
decline in others. Taken as a whole the market has been
relatively steady, fluctuations limited to a narrow range, and
there have been practically no exceptional features.
]
\FALL STREET, FllIDAY, MAY 26. 1905.-5 P.M.
The Money Market and Financial Situation.— The record
of Stock Exchange transactions during the last few days
presents a ragged appearance. Our review of the stock
May 20
[Vol. LxxXTl^
Outside Market.— Trading in the market for unlisted seweek has been moderately active, with the
movement of values decidedly irregular. Northern Securities continued to furnish the prominent feature, both in
curities this
of activity and price fluctuation; these shares lost IJ^
points to 155%^ in the early part of the week, but later recovered and on Thursday rose to 167^^; on the same day, however, weakness again appeared and the price reacted to
161^; to-day there was a further drop to 1593^ but at the
close the price ran up to 163J^; total transactions for the
week have aggregated, it is estimated, about 62,000 shares.
The "Stubs" moved irregularly between 2623^ and 325, closing today at 2873^. After a gain of 2 points to 613, Standard
Oil declined to 601; subsequently, however, it recovered to
Interborough Rapid Transit fell from 204 to 1983^ but
607.
closes to-day at 202. Chicago tjubway advanced 2 points to
American Can preferred sank from 68 to 653^; the
633^.
common fluctuated between lOJ^ and 11^ and ends the week
at 11 V- American Writing Paper preferred shares fell from
29 to 26^4^, and after a recovery to 28 ^^ dropped back again
United Copper fluctuated between 23i^ and 26; the
to 27>^.
final sale to-day was at 24^; the preferred ranged between
723^ and 74% and closed to-day at 733^. Greene Consolidated Copper sank from 25^^ to 23^. Greene Consolidated
Gold declined from 6 to 5>^, then ran up to Q^, and to-day
Arizona Consolidated lost a point to
fell back again to 5^.
00a
*,i7/4
Outside quotations will be found on page 2213^
pomt
New lork
Stock
Eecord, Daily, Weekly and Yearly
TWO PAGES
Exchange— Stock
OCCUPYING!
STOCKS—M2GH£ST AND LOWEST SALE PRICES
Satiiroay
May 20
•78ig
791m
Monday
May
n^
Wednesday
Tuesday
May S3
'-i'i
May 24
10534 10738
•gS^g 97
601s 61
*89ii2 91H!
14438 14614
6914
6934
194
•19'2
46I4
47'i
33
33
*76
80
181a
191*
85
85
66
*60ia
*31
170i2l74i«
•180 185
209 2111*
»172
•180
175
200
18
*31iii
3212
6«8
e^f.
ai8
26I4
26\
54
54
25 >4
531a
182
375
28 14
86
23
28
»84
*18
"8
31
7
IT'S
tridati
EXCHANGE
May 26
78I4 7919
7834 8OI4
781a 7978
101 la 101
101 Sg 101 1-2 'IOII4IO2
I48I4
147 1491a 147 14714
147
IO634 107'e
107 1081a 107 "a 109
97
97
96 "a 96=8
58I4 59^8
5734 5834
5734 5935
91
•891a 911a *90
891a 91
14318145
1431a 145'p 1431a 1441a
*69
6914
6914
6934
691a
192 1931a •190 195
190 191
46 14 4834
48"8
47
47
471a
32ia 32 v^
3278
32
321a 32=8
IS-'e
1..
26I4
551a
MH^
182
370
370
V8
84
28
84
18
"
32
120
3178 32
311a 311a
61a
321a 34
321a 34
180
*370
31«8
638
94»8 95*8
98
120
97
25
26 14
52
321a
179
9576
321a
181
2714
271a
84
84
22
88 "a 881a
1134
1214
23 14
23
3812
38
773g
2219
371a
7533
63
61
62
62 la
24
26
3334
7634
62«b
•62
39''8
Hi
70
90
280
171a
17i<i
87
88
9234
9234
62
85
17
17
•24
•48
50
•140
•50
20;i8
150
59
•85
95
11238 113ii
•156 159
24''8 25 14
•5713 69
96
95
»145 150
34!^ 35
•ISi-j
20
I38I4 140=8
43 14 44
•110 120
741-j
741a
82
158
25
50
I8I4
140
1934
275
86
86
17
94
36
82
24
67
24
57
25 14
681a
941a 96
140 140
34»8 36
184
20
13634 140
43
110
741a
4334
120
741a
21
97
130
75
108
Si
86^8
91
90
85 >a
2434 27
7ll8 73
•13
16
45 55
22
22
7339
62
•186
7339
641a
190
21
60
5818 60 «e
lis US'*
29
28
98
•97
681a
5918
11314 1183^
28ie 28 7g
9534 9534
•97
116
•70
20
58
951a 9588
98
65S
3178
317e
6 '8
678
•32
38
9638
Highest
Lowest
Hig)iest
* tch.
9638
Do
3178 317e
63,
•61a
30
Do pref
963f Cleve. Cin. Chic.
811a S^h
25
58
301a 34
95 100
300 330
50 57
142 143 14
162 162 la
76I4
76
115 115S8
24
57
130
1978
•60
•84
160
60
94
114
159
"a
88
3919
7634
ij
70
90
287
1734
18
89
92
9238
86
>«
15834 160
2479 247^
48
82
52
83
241a 2514
55 14 571a
30
95
'a
300
581a
34
100
330
- .
58'a
I42I4I4418
163 'a 163 "a
76
763,
11434 11618
191a 20
130
60
84
116
124
70
73
•97
«7'a
8878
90
90
S4
84
8534
25 14
72
•12
•46
22
•71
61 "a
185
8838
26
25^8
S.
901^
901a
86
26I4
72
12 la 16
461a 46^2
14
20
73
72
721.J
60
22
74
62
190
I30I4
22
7334
62
187
203,
581a
58ia
5878 60
118 118«8
2808
28
9511
95
98
97
201a
58'a
5934
118»8
28\i
9514
97
24
7334
631a
190
22 14
597b
6138
11834
29 1«
9514
116
77
106
Do
Atl..
Nash. CUatt. & St. Louis
at. of Mex, non-cum.pf
Do 2d pref
N. Y. Central & Hudson..
N. Y. Chic. & St. Louis...
Do Istpref
Do 2d
pref
N. Y. N. Haven & Hartf
N. Y. Ontario & Western.
Norfolk & Western
Do adjustment i)rel.
Northern Pacific
Pacific Coast Co
Do Istpref
Do 2d pref
Pennsylvania
Peoria <fe Eastern
Pore Marquette
Do pref
I3014 Philadel. Rapid Transit..
Pittsl). Cin. Chic. <& St. L.
77
I>3 pref
112
•74
97
71
13
25
Texas
pref
86% 86 U;
13
47
22
74
&
Missouri Pacific
2018 27 14
72
72
16
90
9 lie
901a
&
Mo. Kansas
88 13 89 4 I ) eading
l-Vlstpref
90
90
84 87
2d pref
8834
ctf.-<
77->4
Do Istpref
65 14 6578
Do 2d ^ref
-60
70 Evansv. & Terre Haute..
85 90
Do pref
282 285 Great Northern, pref
Green Bay<fe W.,deb. ctf.A
18 14 IS-is
Do
deb. ctf. B
88 Hocking VaUey
87
92
92
Do pref
1581a 15934 Illinois Central
25
25
owa Central
*48
50
Do pref
82 14 82 14 KC.Ft.S.<feM.,tr. cts. pfd
23^4 25
ansas City So. vot. tr..
56
56
Do pief. vot. tr. ctls.
*30
33 Lake Erie <fe Western...
•96 100
Do pref
300 330 Lu Shore & Mich. South'n
62 14 5214 Ijong Island
141 142 14 Louisville ife Nashville...
161ial63ia jVlanhattan Elevated...
7578 76 'a IrAetrop. Secur., sub. rec.
11434 1151a Metropolitan Street
1938 191a Mexican Central
130 146 Michigan Central
60 Minneapolis & St. Louis.
55
85 95
Do pref
113 115 Minn. 8. P. & S. S. Mane.
'155 169
Do pref
I30I4 '116
77
106
tr.
pref. vot. tr. ctfs.
40 V, Erie
no
97
2,400
St. L.
<fe
8878 Detroit United
1334 Duluth So. Shore
2334
Do pref
12
241a
00
85
18
12
39 la 411*
78
77
65 la 6 's
284
89
sa^
Do
146
58
94
114iall5
114
156 160
157
2434
24
247„ 2514
2534
2519 25'8
25
56I4 67
6878
5818 58I4
57
681a 58'a
97
9434 96
97
96
95 "a 96»8
"a
951a
14
140 145 §140 140 142 142 '140 145
34'9 34 »8 ((34^2 341a 35
34'8 34'8
a5>a
"18 Hz 20
18
51838 1838 US
18'a 181a
138^8
I38I4I4OI4
138ial40ia
13634
138 13938
44 46
43'8 4578 •441a 46
431a 4378
115 110 115
110 115
110 115
75 78 74 HO
74'4 74I4 •74
76
n96 196 194 200 3195ial95ia ?198 198
49 18 62'
4434 45 "a
4818 50*6
451a 471a
77 14
78 14
76
7734 7334
7678 78^4
78
92 94 92 94
92 la 92 4
921a 92 la
176 1791a 178 183
182 I8534 17841814
•85
90
•83
•82
90
85
86
85
•100 105
100 105 100 105 100 105
90
85 90 •85 90 •85 90
85
13134 133 >8 132 14 134
133 14 13439 13279 133 4
33
33
35 40
32
35
361a 37
124
70
1,100
2,460
pref
Chicago Union Ti'actiou.
38
9579
2334
70
90
8212
194
88I2
12 "a
?24ia
2801a
50
1938
1838
8838
121a
2334
4034
7734
921a 921a
157 15934
24
24
-48
50
150 '135 150
•50
60
60
80 93
91
«91
in 113 112 112
153341551a 153'al53ia
54
231a
581a
601a
•I8212I90
60
85
70
90
265 la 269
47
831a
2218 26 'p
56^1 59^2
i.i
.13014
•70
75
•90 105
881a 901a
•90
91
85I3 85I2
2630 2734
72
73
13 16
•45
55
•22
25
•74
78
65
65
76I4
64'a
92 K,
156'8 1571a
•23
25
196 1961a J194 196
45 "4 4734
45
401a
7618 77
761a 77
92 94
•92
94
181 1831a 173 18134
86 90 •85 90
•100 105 *1U0 105
86
87
86
87
1323813414 13 I la 133 "4
343« 8434 331a 35
»
12i8
78
60
85
24
58
30 14 30 14 301a 34
30
95 100 '95 loo
•300 330 300 330 •300 330
67
50 60
601a 501a 50
1411a 143'8 140 14234 140K8 142
162 163
162 162 la
163 163
74''8 77 14
76^8
75.34
7534 7634
115i<116i4 114*211578 114 14 116
197g
88
92
155
•48
3911
7714
6338
70
90
273
24S2
*82ia 831a
25 14 25 14
e8«8 59
35
•96 100
233,
265
155iil57i2
241a
Lowest
'T-
119 121
'119 121
121
Do pref
2614 26I4 Colorado & So., vot. trusi
2534 26 14
261a 2678
55'8 55'a
5534
65'* 56
54
Do Istpf. Tot. tr. cfs.
34 14
3434
33
Do 2d pf. vot. tr. ctfs.
341a 3478
180ial81ia 180 14 182 j;17934 180
Delaware & Hudson
374 374
375 375 370 375
elaw. Lack. & Weat'n.
2739 2734
Denver* Rio Grande
271a 281a 271a 28
86
85 la
85
Do pref
851a SS-a 85
15 20 15 21 15 20 Des Moines & Ft. Dodge.
352 370
1814
9514
21
371a
74^8
123e
•85
Week
Shares.
•119
120
26
53
18
634
30
38
931a 95
118
61a
87 14 88 14
12
12
88
280
Year 1903
Range for Previovs
100-share lots
Year (1904:)
Jiani/e for
Chi Oasis 0/
Kailrondn.
Detroit South, vot.
88
12
01
the
ti
•1714
118
May
Salea
ToDeka&Santa Fe 42,100 77=8 May 22 9339 Mar 9 64 Feb 894 Nov
2.267 99 Jan 2.=j 04i4Mar 9 87''e Jan 1044 Nov
Do'pref
Atlantic CoHSt Line RR.. 12,900 20 Jan 25 170 Apr24 1044 Fob 1554 Nov
146''8l'48
146 150
51,030 004 Jan 25 Ml 4 Marl 3 7278 Mar 105 14 Dec
10534 1071* 106
1071a
Baltimore i&Ohio
96
450 91 Mar 9 98 Feb 8 8708 Feb 96 4 Oct
aOia 961a 96
Do pref
96
90
Brooklyn Rapid Transit.. 81,705 5678 May23 7138 Apr 14 38 Feb 70 4 Nov
5679 59»e
57^8 61
600 87 4 Jan 4 9138Mayl3 83 Not 89 Aug
9038 90 >a
Butfalo & Susque, pref...
9038 901a
43,550 13034 Jan 25 15534 Apr 7 1094 Mar 13334 Oct
/ Canadian Pacific
142 la 145 14 1411414:^34
200 67 4 Jan 11 7^34 Jan 31 64 Apr 72 Nov
V Canada Sontliern
63 14 68 14 '681a 3912 69
1,800 190 May23 205 4 Feb 3 1544 Feb 19434 Nov
*190 194
Central of New Jersey...
190 190
21,650 45 4May22 60i8Mar21 28i4Mar 51 Nov
Chesapeake cfe Ohio
46
461a
451a 47
1,950 31 May2-^ 44 4 Mar 15 33 Jan 4714N0V
32
Chicago cfe Alton
81
31
31
"9
300 774May2a 8334 Apr 7 75 Jan 85 4 Jan
*76
80
79 +
Do pref
80
771a 771a •
19i«
174May22 25 4Marl6 1278J'ne 264 Nov
32,190
'l8^
187p
1839
1334
1814
I914
Western..
18'8
17^8
Chicago
lireat
171a
420 8334 May2y 884 Mar 15 804J'Iy 90 Nov
841a 87
Do 4 p. c. debentures
8334 8434 8234 87
851a 851a 841a 87
61 65
100 604May26 70 4 Apr 17 474J'ne 7434 Nov
61 63 *60ia 65
601a 60 "a
Do 5 p. c. pref. "A"..
601a 63
3034 •30
1,000 29 May2;i; 374Aprl7 20 J'ne 394 Nov
29 30
30
31
30
Do 4 p. c. pref. "B"..
2918 30
29
174
170
1684 May 4 1874 Apr 17 137 4 Feb 177=8 Dec
la
257,700
171
171 174
I6934 172
14
16858 173
'8 1721a Chicago jyrilw. & St. Paul.
182 4 Jan i:^ 1924 Apr 17 173 Mar 18578 Oct
181ial86 '180 185 •182 185 '182 185 •181 184
Do pref
2091921134 211 2121a 21018 2111a Chicago & North Western 10,347 205 May23 249 Jan 31 181 4 Mar 2144 Deo
205142091a 205 208
234 Jania 2654 Feb 1 207 Feb 237 Nov
Do pref
225 Jau 31 135 Mar 160 Nov
400 150 Jan
170 1713, -165 170 ies" i75"' 169 176 ie'ii" i75 Chic. St. P. Minn. & Om.
180 200
195 Jan 17 230 Jan 31 H65 Apr 192 Deo
'180 200
*180 200 •180 200 180 200
Do pref
734 Jan 5 194 Feb 17
200
I7I4 I714 17
54 Aug 164 Nov
Chicago Tenn'l Transfer.
171a
171a 171a 171a 18
171a 17
79>a
101^101 H; 101^210134 lOHslOlia
148VJ150V2
Thursday
STOCKS
NEW YORK STOCK
4
26i«
Rock Island Company
73
16
50
Do
pr'ef
St. Joseph dkGr'd Island.
47
464
Do Istpref
2224
2234
Do 2d pref
•72
77
77 St. L.&S.FT., Istpref....
Do 2d pref
62 >4 64
62
61
180 190 •184 190
C.& E.I. com stock tr ctfs
22 14
22
214 22 St. Louis Southwestern..
5934 5934
Do pref
684 59
60»8 61»8
6138 Southern Paclfio Co
60
Do pref
119381191a 1194 1194
28»8 29 SotithernT.tr. cfs. stmped
281a 2939
Do preL
do
9519 95 14
95>4 9514
98
49719
974
M.
<&
O. stock tr. ctfs
.
4,265
2,200
2,700
6,400
174Jan
36
4
4Mar22
11 4
Aug
638May22 13 's Feb 2
4 J'ly
April 54 Feb 3 29 May
Jan 14 111 Mar21 634 May
118 May 4 12134 Marll 100 Feb
2214 Jan20 304Apr26 134J'ne
62 May23 644 Feb 10 48 J'ne
32 4 May 23 39 4 Feb 3 1779 J'ne
35
90
Nov
164 Nov
Nov
9338 Dec
2734
48 4
115
2439
63
Nov
Nov
Dec
374 Nov
Apr 11 149 Mar 1904 Deo
300 335 Jan 25 400 Marl 4 2504 Feb 35934 Deo
1,000 27 14 May 23 364 Marl4 18 Mar 3579 Nov
800 83 14 May 1 91 Maris 644 Feb 89 Deo
200 18 May22 284Marl7 19 4 Jan 27 Dec
4^8 Apr 25
978 Jan 24
14 J'ne 1434 Jan
31 39 Mar 4 364 Feb 1
234 J'ne 33 4 Dec
2.462 764 Jan 27 89 4 May 15 60 4 J'ne 7934 Deo
6 4 J'ne 1479 Nov
1.775 1134 May 2 3 174 Jan 21
914 Aug 284 Nov
1,415 21 May22 37 Jan 21
146,270 374May22 4834 Marll 214 May 41"^ Nov
24,276 7478May22 83 4 Marll 56=8 May 77 Deo
6,375 55 4 Jan 3 71 4 Mar 3 33 May 684 Deo
65 Apr 7 72 4 Jan 16 54 J'ly 67 Deo
90 Feb 28 90 Feb 28 72 Feb 83 Nov
8,100 236 Jan 4 335 Apr 17 170 Mar 2424 Dec
83 Feb 16 90 Jan 13 70 Aug 864 Nov
"
259 17 May22 24 Feb 2 11 J'ne 2034 Nov
86»8Janl8
99 Marll 60 May 94 Dec
400
1,200 90 Jan 18 9678 Mar 13 77 Mar 95 Dec
19,919 15234 Jan 25 170 Aprl5 12534 Feb 159 Dec
750 24 May24 32 Feb 3 14 J'ne 33 Nov
50 May 10 5334 Feb 3 82 Feb 5934 Nov
300 8I34 Jan 25 844 Marl 6 64 4 J'ne 83 4 Nov
3,800 22 4May22 34 Feb 14 164 Feb 31 79 Nov
9,175 62 Jan 3 70 Feb 14 31 Feb 5534 Nov
125 3OI4 May22 444Marl4 26 Mar 434 Dec
99i4Mar 2 106 Marl3 86 J'ne 105 Oct
}290 Jan2u ^350 Marl3 §245 Nov §300 Deo
400 504 May 22 65 4 Feb 3 46 May 624 Nov
44,800 a;l344 Jan25 15 6 14 Apr 26 101 Feb 14334 Dec
2.000 161 May 1 175 Feb 9 13934 Mar 169 4 Nov
15,400 73 Jan 9 91 Marl7 724 Mar 964 Aug
17,700 114 Mayll 126i4Marl7 10484 Mar 13038 Oct
6 Apr 2308 Nov
22,600 18i4May22 26 Maris
8135 Feb 3 J150 Febl5 §1194 Feb 160 Nov
56 4 Jan 12 6434 Apr 7 40 J'ne 6734 Jan
16 86 Jan 19 91 Feb24 80 J'ly 964 Sep
2,000 894 Jan 11 122 Mar29 65 Jan 95 Oct
950 148 Jan 13 16914 Mar29 116 May 150 Oct
10.700 24 May22 3314 Janl8 14»BFeb 36»8Nov
6,250 56i4May23 69 Marl 3 324 J'ne 654 Dec
28,260 94 4May22 11079 Marl3 87 Feb 1114 Deo
225 137 Jan 12 168 Apr 26 101 4 Feb 147=8 Deo
1,350 33^8 May 8 45 Jan 16 3434 Feb 454 Nov
167 184May26 24 4 Jan 10 1579 Feb 254 I^ov
54,470 13634 May22 I6734 Jiarl4 11279 Mar 145 4 Dec
2,500 42 Jan 20 55i4Apr 8 25 May 47 Dec
115 Marl3 122 4 Jan 30 1014 May 115 Nov
300 74 May 4 86 Apr 7 60 J'ne 78 Dec
347 n94 May22 2104 Feb 4 §1854 May 199 Oct
79.450 4038 Jan 5 64 Mar30 1939 Mar 4779 Oct
13,795 76 MaylO 88 4 Marll 63 4 Mar 80 4 Deo
200 91i8Feb24 94 4 Feb 3 88 May 95 Dec
Apr 24 196 Mayl5
34,612 165
200 78I4 Janl7 98 4 Feb 7 51 Feb 824 Deo
100 Jan 3 108 Feb 6 95 J'ly 101 Sep
200 85 Jan 12 98 Feb 7 614 Jan 864I>eo
219,605 131 4 May 22 14734 Marl3 1114 Mar 140 Deo
1,350 27 Jan 25 4334 Apr 3 17 Mar 32 4 Deo
77 Jau 6 106 Feb 14 744J'ne 8138 Jan
80 Jan 11 87 4 Feb 6 §68 May 794NOV
100 118 14 Mat » 132 AprlS
350 70 May23 8734 Marl3 65 Apr 80 Deo
909 105 Febl7 112 Marl3 90 Apr 107 Deo
398,220 a;79 Jan 13 9934 Mar 9 3334 Mar 82=,'sDec
3,053 90 May22 94 Feb 2 76 Mai 02 Deo
500 84 Jan 5 92 Feb 3 554 Feb 86 Deo
54,535 2434 May22 3778 Jan 18 19 4 Mai 3734 Nov
3,520 714May22 85 Jan 4 5734 Jan 863g Nov
13 May
1734 Jan 3
9 Mar 18 Nov
35 May 60 Nov
200 46 4May24 583, Jau 2
16 Jau 30 Nov
250 22 May 2 2914 Feb
200 733eMay2J 81 '4 Mar
?61 Mar 7934 Dec
61
73
May26
4
Mar
3914
Jan 724 Deo
5,260
175 Jau30 193 May 5 150 Jan 185 Dec
3,520 20 May22 27 4 Jau 20
94J'ne 29 Deo
2,360 55 4 May 1 66=8 Apr 18 25%J'ne 6034 Deo
5734
7238
May
4
Feb
27 41 4 Mar 6834 Nov
114,900
3,200 11534 Jau 5 121 4 Feb 15 113 Sep 1194 Dec
22,925 28 M8yl9 3634 Mar 13 184 Feb 374 Deo
2,475 95 Apr 28 100 Mar22 77 4 Jan 974 Dec
13 97 Apr 18 984 Feb 28 90 Feb 98 Dec
1784May22
19638
'j
-J
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bonka
WBW YOBK
£id
A$k
Banks
Chemical
Citizens' Ctrl
&.etna
160
^.mericall ... 520
&.merExch.. 276
».stor
776
Battery Park 160
Boweryll
325
165
630
280
325
170
City
Coal
Iron.
Colonial U ...
&
Columbian ..
Commerce...
Consolidated
Bid
Butch's & Dr 155
165
C'mExchgel,
Century 1;
Bhase
210
Dlscountll...
East River.. 150
330
Fidelityll
Dhatham
195
650
320
Chelsea ExcT; 170
Ask
4300 4350
170
167
t282 t285
230
450
400
t205
150
165
385 395
160
150
160
180 196
Fifth Avell.. 3500 3750
Baaka
Bid
Ask
Fourth
Bid
215
420
Cferman Am1| 155
German Exl] 400
Gormaniall .. 450
Greenwich H 240
Hamilton^l .. 190
Hanover
490
Imp & Trad. 590
166
235
Jetlersonll... 170
180
Liberty
t530
Lincoln
1500 1700
Manhattan!!. 325 335
Market ifeFul 265 275
Mechanics'
290 300
Mech <fc Trail 150
Mercantile .. t283
Merch Eich. 170 175
Merchants'.. 178 185
Metropolis 1i. 400
.
260
510
Ask
165
245
Irving
200
410
500
Gallatin
Garfield
Banks
InterborolJ.. 166
Fifth
340
First
756
14thStreet1]. 300
Baoka
Bid
MetropoU'niy 1374
Mt Morxifili.. 215
Mutual!]
300
Nassau!!
190
New Amster 476
New York Co 1300
N Y Nat Ex. 200
New York... 316
19th Ward!]. 250
North Amer. t240
Northern
136
Oriental!)
245
Ask
Banks
225
People's!!
Plieuix
198
510
210
325
255
Plaza!)
Prod Exoli!!
Riverside!! ..
Bid and asked prices; no sales were made oa thi3 day. t XjOss ilian 100 shares, t Ex rights. i| Slat© ban k.s.
ISaleat Stock Exchange or at aaotlon this week, f Tnut Oo. certlfloates.
A. A::i088ment paid.
n Sold at private sale at this price
"
Ask
515
290
176
575
175 185
250 280
670 700
Seaboard
.'Second
700
Slioe<fc LetU. 156
165
State!!
1200
34th Street.. 200
12th Ward!!, 175
23d Ward!!.. 150
260 265
a Ux dividend and rights.
Pacific!!
Bid
Park
b
New stock.
S
H
S
STOCSS—SJOSSST AND LOWEST SALE PBICES
Monday
Wednesday
May 24
May'^iO
May 22
Tuesday
May S3
31%
30
30% 31%
Saturday
32",
32
5234
65\i
109
110
II634 118'e
•96Hj 97Hi
iVs"
iVs^i;
96
97
41
80
18
»l\
'il\
38%
16
37
16
37
•ISVj
51^8
77^4
33
*243
14^4
•13%
1434
51
5134
80 H.
75
79%
22^8 23
85Hi
31 Hi SI"-.
•94 100
734
41
*5
35"e
'^^\
:^i%
Mi
^6^8
431*
5 Hi
40%
5H.
22
3634
49
78
18
38
40
41
42
250
•243
250
1338
*50'8
13
52
76
23
23
77=8
32^4
95
95
9(!
•92
'227
*6
734
6% *7
40
413,
*5
5%
35%
34
18
46
17
•4%
100
240
184%18434 '183
*1S34
*5734
60
38
95
42»t
100
13
186
1234
185
I2I4
11''8
58
42
42 Hi
58
40
•92
29
80
60
•6
7
•6
734
7%
41%
7%
41%
4134
5
5
5
150
99
993,
36I4 36I4
0834 100
18
77
1b^ iS"-'
37
93
92
234 234
33
33%
96 H! 96
1-.
171*
70H» 72
34 H2 ^43^
•1U3Hj106
74
125
73Hj
*1U6
•34
76H»
•40
1
78
41
10»«
10%
74'-4
7414
29*6
29
90 H» 91%
•123 125
U'4 11%
10708lUiee
•^«
90
•2V>a 31
60
60
3734
a'-.Se
105% lu5%
2534
27 %
190
13
186
12
41
243
251
UnitRysInv'totSanFran
5434
23
97
31%
loo
240
63.1
7% 7%
41% 42%
4% 4%
117%U8%
H.
1-'%
186
11%
52
53
'104
12
53
12
12%
130% 133%
136%
96
31
31%
78% 78%
112
90
29
783,
60
120
26
90% \>U^^
42% 45%
1U6
140
190
107
145
1134
'50
29
78%
59
*110
186% 187
11% 12
57% 5Y%
41
42%
43
'104
liO
32
102
1 03
183
14%
5734
40
133%
131
132
134
138
95% 96
323,
04
11%
12
54
54%
4134
*90
92
173
43
80
lo5
26
•90
26
94
43% 45
105
107
14234 149
118s
44%
Do
15
r)runsw. Dock<fe C.Imp't
•5734
60
Butterick Co
12
12
1
10
Hock. Coal
Iron...
&
Iron.
(N. Y.).
Federal Mining & Smelt'g
Do pref
(General Electric
1 iiternational Paper
1
Do pref
International Power
Interuat'l Steam Pump..
Do pref
19%
79%
90
31
83
60% Vfational Bi.scuit
1.^ Do
pref
27 Nat Enanioling&Stamp'g
94
Do pre! ...........
120
44%
Xatioual Lead
Do pret
.Vew York Air Brake
3105% 105% •103 '4 108
150
22,250
712
4,337
19,385
1,930
6,660
400
Do pref
Distillers Securit's Corp.
"lectric Storage Battery.
80
110
92
172
4334
14834 14834 '145
ife
&
Consolidated Gas
52%
41% 42
90
46^4
Col.
'4
50
169
Colorado Fuel
pref
1
^> Do
181 188
9% IIH
92
pref
Anaconda Copper
L>rooklyn Union Gas
100
•25
26
93
26
•90
American Woolen
*14
*
173
Telee...
183
*
95%
&
Amer.Tobac.(new),ptctf8
39% 40%
187 %1.-.8%
Rcfiiiiiifi
40u
pref
Amer. Teleph.
103
104
190
*
12%
4
19
4
68
...
..
12
42,150
100
•y^h
3434
35
1
246
14
M ay 2
3,860
25
2,000
54'<i
Jau 25
C
164
165
21
663gApr 3
120'4 .Marl5
U5%Jaulo
Dec
Jau
Jan
Jan
3%. J'ne
110
85
63
8
185
Deo
37% Dec
97 Nov
219 Nov
Deo
14
11% Deo
4834 Dec
934 Nov
Oct
115
140
.Ian
235
3,861 92
13,200 152
i"0
Alayl5
14
19% Deo
71
Nov
cl.'il
J'ne
10% May
64% Feb
Mai
26
28
Sep
71% Feb
Jau
36
100% Jau
90 Nov
194%Nov
25% Deo
79% Deo
72% Dec
41% Nov
87 Nov
59% Nov
1 1 7
Nov
23% Nov
14
Sep
75
J'ly f87
Feb 2 6
14%
80% Jan
i6l%Apri5 120
107 AprlT
80
49% Jan 4 24
115% Apr 3 9234
21
80
95
Feb 220 Oct
May 26% Nov
Mai 82% Nov
19% J'ne 40% Deo
82 Nov 83% Nov
43 % Nov 68 Deo
..J
.May22
Dec
Apr
J'ue
934
31% Apr 6
Fell 5 94 Apr 19
18,710 24% Jan 24 5134 Apr 7
53u 97% Jan 7 lll%Feb20
18%
300 89
170
65
--0
......
May 15
Deo
'4
Oct
98% Deo
Nov
F^eb 164
Mai 07 Nov
Feb 55 Nov
Mai 112% Doc
1
....
Apr 14 24%
99% Apr 14 67
254 Feb2> 209
4038 Apr 17
16
iii3'4 Apr 15
7134
6
24% Apr 3
87 % Feb 23 37
38 Mayl5 1434
May 44% Oct
May 92 Dec
Mar 214 Nov
Ma\ 35 Nov
Mar 94 Dec
itay 1 8 % Nov
73 % Nov
.Maj
Apr 29% Deo
I09%.\pr J
118% Feb 24
Jan
31% Jau
130
77
tfe
Vyells, Fargo & Co
'V esfu Union Tole'gph
VVesl'gh'seEUfcM fgassou
Do Istnref
250
35% Deo
9434
8834
li
Jan
183
78%May22 88% Apr 14
810
'4
92% 03
7
105% May 2 6
<fe
•210
J'ue
Deo
87
24% Mar 42 Oct
J'ue 20% Nov
7
22%J'ue 42 % Nov
16%Jan 36%J«ov
75% Jan 105 Nov
2% J'ne 9 Deo
16 J'ne 29 Deo
46 Feb 82 % Deo
123% Apr 13
127 Apr
2,706 75 Jan 5 io7%.-vpr 7
4,300 169 Jlay2;i 192 .Mario
4,lo0 18%May23 25% Marl 1
1,425 76 % Feb
82% Apr 6
65 Jau 18 100 Feb2;
8o'o 29
May-'O 40%Feb2;
2,101
24%
6
1
28% Mar
Jan
2% Jau
11% Jan
Apr 10
Apr 17
48% Apr 17
61% Aprl3
122=, Apr 16
834 Jau 14
'4
250
93
165
7
4
7%F'6b
<fe
250 ••240 250 •240
92
9234
92% 93% 93
1573415a
169 162
161
180 188
Jau
67
8834 J'ne
180 J'ne
5 Aufi
4134
2234
<fc
240
7234 Jau
1434 J 'ly
11% Jan 14
55%Marl7
^
<fe
92 H» 946t
33
3;i%
•104 lOS
•34
42
•241 252 •214 252
93
93
9-!% yj
152 160
152 15J
i"eb2
Oct
Mar 21% Nov
Mar 71 Nov
43% Feb 8234 Deo
13 Mar 24% Deo
43% Apr 14
104% Apr 6
38 Apr 3
97 Feb
Mar24
18% Jan 30
4,062 184 ^ May 15 214 Mar 3
y%May2n 2234 Feb 7
9,44.
2,071 50 May26 79 Jan 10
7,03 7 i^4%4jiiu25 47% Apr 6
100
89% Feb 27
100 60 jMiii 128 Apr 7
1134
2
1
6
39 %
Feb 16
'/9i
Feb 10 105
85
2,1011
1
I
}220 Feb 250
Nov
99% Nov
15% Dec
18%Mar20
67% Apr 4 26 J'ly 57% Deo
130 May22 1493, Mar 2 122% Mai 153 Nov
133 MaylO 140 Mar 7 123 Jan 141 Nov
136%May24 148% Jan 6 121 Feb 149% Nov
91% Jan 25 99% Feb 8 85% Nov 96 Deo
20% Jan 26 40% Apr 18 10 Jau 25 Nov
93 Jau 6 108% Mar 15 69 Jan 9434 Deo
100% May 2 2 130 Apr 13 61 Feb 120% Nov
184%May22 .c215 Feb 14 185 Mar 229% Oct
10% Jau 13 16'4 Aprl8
5
J'ly
12% Deo
58 .Mar 1 60% Jan 18 47% Feb 6234 Deo
38 May22 59 .Mar24 25 % Mar 58% Nov
98% 99% i^Sh 99 Xorth American Co., new 9,460 ;i7%Ma)-22
•34
35% 36
36
4,420 33 .May 2 2
l>acitic Mail
yy%H;o% loo 101% 9934 iuo% 1 eop. Gas-L.cfc C. (Cliic.) 24,424 97% Mayl5
18%
18
18%
17
1,000 17
May 2 4
18% 18'-. Pittsburgh Coal Co
75% 76^4 7534 76
76
76% 76% 77% 76% 7634
4,8 »0 73% Mayll
Do pret
34 •8 3d%
37
3 3
11,347 33 -2 Jan 31
34
35% 37% 36
36
0634 Pressed Steel Car
au% 91
9234 <I3% •91
92
91
91
93
2,100 8734 .Mar 6
91
Do pref
2^32
2;u 232
230 232
232 "^230 235 Pullman Company
231 231
814 231 i\lay2j
32I4
iA
3334
30
3 H
30
31% 32% 32
4,970 30 May 2 2
31%
pailway Steel Spring...
yii% 96 H
•96
9534 9534
9534 953^ •93% 99
1,000 93 Jau2o
9834
17
15% 16%
16'4
17
16
16
17%
16% 17 BepubUc Iron
Steel ... 13,140 15 Jau 23
7934 71
69
7m. 69% 70% 6^34 71
13,050 67 Jau 10
70% 72
Do pref
33% 34-\
12,850 24 Marl4
33% 3434
34% 35% 34% 343,
34% 34 Si Rubber Goods Mfg
1U2
10.-,
103
103
103
*102
800 94 Jau 25
102
103 103
102%
Do pref
72
7034 72
70
70
6934 70%
70
70
70% Closs Shellield St. Iron 4,300 60 Jau 25
'104 125
100 110 •100 125 100 125 ^ Do pref
100 loO Jau 13
104 101
3,
34
-34
1
34
900
34 Jau 28
1
1
•Standard Rope
Twine..
%
78
76
li
73
74% 76% 74% 77
73% 75 Tenn. Coal, Iron & RR... 28,700 68 J an 25
•40
45
«40
50
4u% 40'4 40% 4034 •40
200
41
37%Jau31
Texas Paoilic Laud Trust
*10
11
10
10% 10
10
9
10% •10
10
10
1,000
Paper
Jau 25
nion Bag
•7334 76
76
V4\ 743.1 •7334 75
iio
•70
3.50 68
U
75
Tan 10
Do pref
2H'4 29%
27% 29 3e 28% 2!l'<) 29% 29% 29% 29% U. S. Cast I. Pipe Foun. 9,470 10% J an 3
•90
yo
91
92
•90
92
93
91%
^4
90
79 Jan 3
92
l,2.-.0
Do pref
122 122
•122% 125 •122% 125 122 -J 1'25 •122%1'^6 United Stales Express...
100 5120 Jau 9
11
U\ 10% 11'4 11% ll'-. 11% U'.. * 1 1 12 5 United States Leather... 9,3(i0 sIO'b May23
106 1(17% 106 100
1,J00 100% Jau 10
107 107 107 108
106% 106% 1 Do pref
84 '4 85% U S Realty A Improve'ni
«5% ri6
86
87 \
85
85% 85'.. 85
4, 550 77
Jan 4
l;6% 27
29% 30
27 30 J S Reductiou & Roiin'g 1,150 18 Feb2-^
26% Vi6% 27% 28
69
59
'58% 61%
62
62
•60
62 %
62
l,OiiO 35
65
Jau 13
Do pref
;i5% 38
39% 38% 39'.., 38
35% 37»-, 37
38% United States Rubber
6,800 3334 Jau 3
104 lor>'. 104% 105% l()5%106
106 106
106 106
3,150 98% J an 6
Do i>ref
24'8 26',
26% 27'^
25
26% 20% 27%
591,140 24%May22
25% 2ti34 United States Steel
9034 9334
94>4
93
91% 93 '«
92% 94
92% 93%
495,843 9034 May 2
Do prof
ai38 32%
32% 33
32% 32 u, 32
32
32% 32^4 Virginia-Carolina Choni.. 6,020 31% May22
•105 lO'i 105 108
•105% 107 } 106'4 lOU'.,
107 107
200 103% May 1
Do pref
37
36
oS
40
39
40
•38
37
38
M^j Virginia Iron Coal &
750 37 May22
S'834
7
Feb 17
Feb 17
89% Apr 14
29% Apr 15
Twme
American Sugar
3134
31-^4
15%
00
42
100
May
13
46%May
3011
103
^4
190
600
......
pref
Do
Highest
Lowest
236 Jan 9 ^250 Feb
J
llis-Chalraers
&
102% •100
1
Highest
1
dams Express
*-
l>o
134
*137
139
12
ai8%118% 117
4434
108
'141 143
97% 99-% 9734 99
35 14
33
34
35 K
9S%1UU
99 100^4
•17
19
•16
19
93
173
1234
54
Lowest
16,400 2934 Apr 29 41 Marl 3 20%J'ne 38 % Not
100 124 Apr2i' 13434 Feo16 115 Mar 134 Oct
1,298 22% Jan 13 37% Apr 12
17%J'ne 27% Oct
5,425 34%May22 4334 Apr 6 21%May 38 Nov
5,950 513, Jan 25 H5
Apr 12 32 Feb 57% Nov
4,800 105 Jau 6 122% Apr 4 87 % Feb <.107?i (;ot
n'>334Mayl7 158 Mario 158 Aug il65 Nov
818,250 113 Jau 6 137%Feb25 71 Mar 17 Nov
40(1 96
Mayll 101% Feb 21 x86%Feb 9B Deo
l,6lMi 21%Jan 4
60 Mar30
9
Feb 25 Deo
2.175 64% J an 16 89 Marol 42% Apr 69 Deo
5,700 17%May23 23% Feb 3 15 May 25 Nov
4,10i
37 May23 48 Feb 23 3234 Feb 48 % .Vov
1,010 15 May 1 1934 Marl3 14%J'ly 22% Nov
700 36 May 4 48 Feb 1 37 J'iy 5234 Jan
700 20 May 4 28% Marl 3 21%J'ne 32 Nov
3,500 20 Apr 29 25% Feb 16
16 J'ue 25 Nov
2,500 45 Jau 13 54% Feb 17 37 J'ne 49% Nov
7934 Ain.ilgainated Copper
422,785 70 Jan 25
600 20 Jan 24
A ni er Ag ricult Chemical
Do pret
89% Feb 3
"32% "3.5% .Vnierioau Car & i^ouuilry l<y,545 31 May22
96% 97
Do pref
3,070 .c91% Jau25
*3'.i% 3134 .A.morican Cotton Oil
2,40(1
30% MKy2o
93
593
200 93 Mar30
Do pref
*225 240 .\raerican Express
100 ^209 % Jau 4
10.1
0% 11% .\nierican Grass
6%May26
..
580
7% 7% Amer Hide Leatlier
7% Muy24
40% 41%
De pref
10.190 40 Muyj3
*4% 5% .American Ice
410
4% Apr 29
•35
36
Do pref
2,100 34 May22
-17
1834 .American Linseed
020 15% Jau 17
•3934 44
36 Jan 19
Do pref
45% 46% American Locomotive... 72",97Y< 33 Jan 25
109% 109%
Do pref
2,140 10334 Jan 6
5^4 Apr 2
420
5% 5'-4 American Maltinfr
2,700 21%May22
21% 22^4
Do pref
108 110 Amer. Smelt'g «fe Refin's. 272,800 79 '4 Jau 9
•117% 118
5.350 11 1% Jau 13
Do pref
162%180 American Snull
30U i65 May20
501' 09
105 105%
.
Jan 7
Do pref
.
12% 12% American Steel Foundr's. 3,800 ll%May22
52% 52%
10,376 50 May22
Do pref
19
19% 19% 19% 1934
79% 79'* 79% 79% 78%
•60
•60
•50
69
89%
•29
29
31
29% 30
*79
82
79% 79% 79%
60% 60% 5934 60^4 59%
7834
25% 26%
90% 91
SO
110
•95
92
170
90
29
120
12%
105
Week
7;%
95% 95%
100
1134
19%
13134
138^4 )139
9534
183
188
11834
162'% 180
104
•55
78't,
170
118
170
•
Eange tor Tear 1905
Range tor Previovt
On basis otlOO-share lots
Year (1904)
Sates of
the
cV iVIiscell
In<liisti-inl
A
5434 * 5134
170
104
12%
19
16t»
5;*%
46^4
108^4
cfe
13'.,
35
78
*50
29
*
25
26
9H
1^34
31
*92
7%
5S
40% 41
76
76
•95 105
•90
95
169 170%
18% 19
78%
118H;
130
*39
*80
Vol. lxxx.
Shares
Pacific
<fe
36'4
14
9634
230
95
'
9J%
90
3634
95
90
193t
78Hj
'Pexas
32
*13%
78% 80%
100
240
•13% 14% •13% 1434
GO
•5734 60
J57% 57%
42% 38% 40
39% 41
100% 100
93 Hi
172
•
13%
•51
'22."5
1434
58
42 %
78
luo
80H!
78'4
96
31% 31%
30% 30 \
94
235
34
18
I2I4
57Hj
•50
29
80
60
•116
26
*90
45
•107
251
*3i%"32% *32**"34" "32% "34%
102
14H.
•100
93
169
19
793,
102% 102 102% 102% 102 '4
101%103-'4
100% 101
102 % 103
1U3
105
195
•
55
•243
23
94% 95% «94% 94%
30
32
29% 31%
95% 96
186
EXCHANGE
18->4
•51
7534
11634 uy% ili;'eil8
119Hi I'^O
165
»16v;%180
165 165
103>4l03i4 *103 105
MU3 105
1138 12%
13
13
11% 12%
50
6234 54%
53% 50% 52
133 >e 134
130 134
i;;o%i32%
*133 136
133 133
139 141 *138 138%
•140 141
41
•95
13
32
•125
33
78%
•13% 14%
H.
165
•1334
•5634
128
32% 32%
36'4
5434
>»
\H)»b\IS\
82
103
104
•185
•125
34% 35% 35 36%
17% 16% 16% 17% 17%
•41
46
•43% 46% •42
*3y%
44
473^
44
4434 46%
45% 1734 46% 48>4
110 111
109 1111
108% 109% 109 110
5
5% 5% '5% 6
5% 5% id
•21
•21
22
22
2134
22
21% 22
106^4 1113t 107% 11034 109%111
109% 11234
35%
5H>
"33%
!'4%
31
7H.
734
•18
20
*44
48'f.
47
48 H.
llOHilll
22
'"31"
94
235
242
*6
31% 32%
363,
40
79
79
17% 18
3734
37
•243
251
51'.
343.
95H2
•235
Friday
Mai; 26
May 35
STOCK
82
Do pref
79% 79%
1838 18%
18% 18% Waba-sh
'»
•37%
39
38%
38%
Do pref
3C34
15-'8 15%
•15% 16 SVlieelins; A Lake Erie...
15% 15% •15% IH
•36
38
Do Istpref
36% 36% 38
36% 37
38
•21
•21
21
•20% 22
23
21
Do 2(1 pref
22
>4
2234
•21%
ii2'.
2134
22%
23
Wiacon.sin
21%
21%
Cent. v. tr. cfs
22% 23
47
Do pref. vot. tr. ctfs.
45^8 46%
50
50
47
48% 4534 47 w^ 46
49 H,
251
130
•32% 33%
3934
17=8 183^
37Ha 38^
15
15%
3613 37
21
21%
21Hj 21 H
22H2
•243
•120
125
*32% 34%
3434 35%
54
54%
40% 40%
79% 81
18'4
22
•47
125
5434
ilOHillOHi
31% 31%
Thursday
STOCKS
NEW YORK
I hird Avenue (N. Y.)...
33% Toledo Railways & Light
Tol.
37%
St. L.
35%
W. T. tr. ctfs
54 14
54
65%
Do prel. vot. tr. ctfa.
63% 54 H;
109 110
109% 110% 110%112'4 110%110% rwin City Rapid Transit.
Do pref
ii8%i2li8 il8%i20" 1 [nion Pacific
iV5%iV7"4'
^J Do pref
•96
97
97
98
96% 96% •95
97
•125 128 *125 128
323* 3334
•32 Hi 34 "i
34% 35
34 Hi 3434
41
6
Stock Record— Concluded— Page 2
22«?4
54H>
29
.
41534
7434
F'eb23
Jau 3
106% Apr 4
46'vMar2^
3
Deo
98
65% Nov
Deo
Jau 105
34
Mar
31%.\1«>
25 Mas
Nov
77% Nov
39 % Nov
13% Nov
75% Nov
20% Deo
81% Deo
a 28 Nov
5
3% Aug
Apr 4 45 Feb
35 % Apr 14
6% May
9/34 Apr 17
40 Mai
131
Feb ^ loo Feb
6% Ma) 20 Deo
14% Jau 16
110 Apr 7
75% Jan 106% Leo
98%.Mario 43 J'ly 84% Nov
li)%.\pr
82
'4
40%.\prl8
70%
Vprl..\pr 7
....
36% Nov 40 ^4 Deo
45i..i
10% Feb 34 % Deo
118% Apr 7 41 Jau 100 Deo
8% May 33 % Deo
38 % Apr 7
104% Aprl8 51% May 9j%Deo
39 Jau 3 2234 J'ue 44 % Deo
HO Feb 20 97% Apr 116 Nov
52% Feb 24 18 'i Sep 44 Nov
Jau 3 260 Fob 21 ^200 J'ne 250 Au(f
95% Jau 4 85 May 94 % Deo
J au 1
May 20 184 Apr 6 153 Mh) 185 Deo
April 180 Ann 198% Nov
l''el(23 197
-<
BANKS AND TRUST COxMPANlES— BROKERS' QUOTATION-^
Bnnkn
Bid Ask
Union Exchli 220 230
United
85
Wash.H'htsr 210
West Side!,., 575
yorkvlllel, .. 400
BHOOKLY.N
Boroughli
Broailwayli.. 315
Brooklyuli .. 130
Con'yl&Bli'
145
Kirst
.i80
*
1
135
Ask
.
390
Ask
TruMt Co'm
Ave Tr
(iiiaraiity Tr
Guardian Tr
Sldeli.
People'sl!
CITY
Bankers' Tr. 475
N. T.
300
300
290
ProspectPkl 130
140
110
Bid
Fifth
Mechauics^l 350
Merchants'.. 150
Nassau
390
Nat City
290
North
120
Com' wealth'
ManufartrH'.
90
220
ma
Itankn
BUOOKLYN
140
17lh Wardli. 155
Uuionli
180
VVallaboutli
160
ui'igiwooiii;.
150
.
(lay.
BowrgGreeii 210 2 2
HroadwayTr. 165
175
Central Tr'sl 2200 2250
3S5
Colonial
1
'.J
105
ConiTnouw'th loo
Empire
246
240
Ki|iiilableTr 1625
Farm Lo & Ti 1476 1485
thiii
Less than 100 shares, t
week.
Ex stook divldencL
i
Ask
650
215
665
220
Kinck'rb'k'r 1050
Law T
cfel'r
t3:!5
Ijiiicolu Tr...
500
490
9H0
I
Muuliattau
Mercantile
Ex
..
..
Trii.sl
Co's
N V LifeJbTr
New York Tr
Bid
ASk
lo.-.o
1090
735
725
Real EstTr'l 325
StauilardTr't 390
410
TitleUuiViTr tr.78
%
Tr Co
505
lolO
.Metropolitan t021
.125
lIortoiiTrust 900
.Mut.Alliauce 210
225
of
Am. 770
1440
USMtgcbTr 1535
Unit Stales 1500
Van N'deuTr 300
II
775
iiiou Tni.st
Bid
Home
l40
160
220
230
People's
:
530
05
IviUf^s
Ex
divuluuti .lud riglils.
^ Uauiiii luitrlceil with u parajfraph
a Tru.st Co. oortlUoates.
riglits.
Ask
BUOOKLYN
Brooklyn Tr 420
Flalbush
210
Fraukllu
330
Ha iiillou
340
160
475
L Isl LdiTr. 300
Nassau
265
.
Washiugtou
Windsor
TruHt Co'm
Co
(^|)
43S
343'
186"
325'
.'75
331
WllllamsbV. 230
,16.5
UlUuuil iiSKml prices; uo sales on this
bale at Stock Exchauge or at uuotluu
Bid
575
.'40
are State bank*
5
New York
1
Exchange—Bond
Stock
Record, Friday
OCCUPYING FOUR
BONDS
stock exchange
Week ending Mat 26
Prida\t
n. y.
MayJ6
V
Q-J
Q-J
Q-F
Q-F
y-F
(i-F
Q.J
Q-J
Mange
Since
Last Sale
Ask Low
Bid
U. S. Government
U 8 28 consul registereil.dl930
V S2sconsol coupon. ...dl930
fcl91b
17 8 38 resisterea
fcl918
S 38 coupon
U S 3s reg small bonds.. /cl 918
XT S 38 cou small bonds. .fcl91!/il907
XJ S 48 registered
/11907
V S 4s coupon
1925
XJ S 48 registered
192;.
XJ 8 4s coupon
Philippine islands 4s. 1914-34
Week's
Mange or
^=0
104 12 104^4 10478May'05
104 ^2 105
104\ Apr'05
103^4 I04I4 104
104
104
104 10434 104
107 J'ne'02
103 '2
104i2Dec'04
104'56 105
104i2Apr'05
104 -^ 105
104-'4 Apr'06
132 132
132'.jMar'05
132 132^2 l32i4May'05
108
109>4ilay'05
Foreism Government
Japanese Govt 6s sterrg.1911 A-0
2d series 6s ctfs full paid
£
loan 4 "128 Clls full pd. 1925 e'-'A
58 exten debt.. M.fe
V a ot Mexico 8 £ g 58 Ot IHSli' i-J
1954 J-D
Gold 48 of 1904
Eepub ol Cuba
105
i...
t()0-''s,May"05
95
are pt
94'-2
luse
class
B5s
Class
Class
C
A
J.J
190( J-J
190( J-J
4 to 5
190(>
n
tlie b
4s
192(
Currency funding 4s
Dist of Columbia 3-658. ...1924
191!'
Tenn new settlement
3s.. 191:-;
1011-2
106
99
J-J
II8W2.
1033b.
Louisiana new consol 48..191'J
North Carolina consol 4s.l91('
68
So Carolina 4'28 20-40
101 la Jan '05
109 14 Oct '00
102ii2Mar'02
111 Mar'02
lOlVz
103
11934 Oct '04
105i.^Deu'O4
103 "4 Dec'04
l36iuJ'ly'01
120 Mar'OU
.
127'a.
193b
96'a
97
95
Small
,
967j,
Virginia fund debt 2-3s... 1991
68 deferred Brown Bros ctfs.
97^^
ll^iSale
97
97
95 '2 Dec '04
97 Mar'06
Ilia
12
RaiiroatI
Alabama Cent
Hee So Ily
At Coast Line
Albany & Susq See Del <fc Hud
Allegheny Valley Hee Peun KB
AUeg & West See Bull R&V
laba Midi Hee
Ann Arbor 1st g 48
Atch T & S Fe gen g
/il99i)
4s.. .1995
Kegislered
1995
Cons g 4s (sub8crips)...1955
Adjustment g 48
/il995
Registered
/il995
Q-J
100
99^2
Sale
A-O 102 "6 Sale 101^4
A-O 102^4 i^alo 10212
J-D 100 Sale luo
'.J
132 14 133
1091*110
<fe Ohio g 6s ser A../i.l908
0I9II
Gold 6s
1939
Isl consol g 5s
1939
Registered
1992
General gold4i28
1992
Registered
Craig VaUey 1st g 5s.. ..1940
a-'U ol $0 to £,.
R <fe A Div 1st con g 48. .1989
1989
2d consol g4s
IOII2IOII2
Warm Spr Val Ist g 58. .1941
Greenbrier Ry lstgug48 '40
Clue <fc Alt RR ref g 3s. ..1949
Kailway Ist lien 3128... 1950
1950
Registered
Chic B & Q— Ch & la D 5s 1905
1922
Denver Div 48
1949
Illinois Div3i2S
.1949
Registered
96
97
1949
Gold 4s
Iowa Div sink fund 5s. .1919
971^
97
1919
Sinlungfund4s
10 10
IS's
Nebraska Extension 4s. 192 7
1927
Registered
1921
Southwestern Div 48
Joint bonds See Great Nortli
1913
Debenture 58
Han & St Jos consol 6s. .1911
Chic& E Illlst8lcur68.1907
1934
Ist consol g 6s
1937
96V> 100 12
General consol l8t5s
118 10134 105
1937
Registered
1, 100
1(1234
Chic <fe Ind C Ry 1st 58.193i;
100 103 12 Chicago & Erie See Erie
15 9 4 "8 9734 Clue In & Louisv ret 6s... 1947
100
103
10234
101 S
i-i
Xo\
Xo\
96
Sale
96
;tl995 M-N
Stamped
Debentures 4s Series K. 1907 F-A
94
Sale
9739 Feb '05
"it
95
94 I2
99»8 May '05
series
Series
Series
1908 FA
190 F-A
IHIO F-A
F
U
H
SeriesI
Series K
1911
191B
East Okla l)iv 1st g 4s. .1928
Atl Knox & Mor Ist g58..194l
Atlantic Coast 1st g 4s./tli'5'J
Charles & Sav Ist g 78.. 193b
Sav
b'
Ha
& W
1st gold
lis.
b
J
D
.193-1
98
llSHillH
IOH4
1 2,s Sj
125igNov'03
U2«s Jau'04
114i4 0ct '04
93 J'ly'04
9734 Oct '04
113^4
98^4
Bruusds W l8tgUK4siy3b
Sil Sp oca & U gu g 4s 191t J-J
& Danv See South Kj
&
W
jN
98 1-*
96
/il920
/tl94h
A-O
104
A194,'-
<^!-J
1911
iVl-b
1
Keglstered
Gold 4s
Keglstered
Couv deb 4s
Keglstered
/(.1925
M
953.
96
04
Sale
103
05
110
98^2 99
92»8 Salt
Q-J
Monon Riv 1st gu g 5s..l91ti F-A
CenOhio R Ist cgiias.. 1931* M-S
Pitts Clev & Tol Ist g (js 1922 A-O
Pitts & West I8tg4s...l91'i J-J
P
d6\
l)ivlstg3'2Bl92.:; M-N
P L E & WVa Sys ret 481941 -U-N
Southw Dlv 1st g3'2S...1925 J-J
99 12 99 12
99 14 99 14
94 12
103
105
98^4
109
124
09 Apr '05
iyi2Mar'04
109
9734 May'U6
99
ife
104 ifi
105 1101.^
9II2 93 Si
9812 101
9312
92
92£'t,
107'a
961-2
10238 10512
May'05
9812
92 14
9734
May'05
99
109
98 14
99
1
Y <fc Erie See Erie
Bullalo K & P gen g 5s. ..1937 .vi-s
All cfe West 1st g 48 gu..l9yt A-O
Clifc Mah 1st gu g5s
194;j J-J
Koch & Pitts 1st g 63. ..1921
Consol Ist g 68
192-' J-D
Buflalo& Southwest <S'ee Erie
Burt €fc Susq 1st ret g 4s.rfl951 J-J
Bur Cedar R & Mo Isl 5s. 1900 J-lv
(Jon 1st <fc col trustgos.. 1934 A-O
Registered
1934 A-O
Biittalois'
FA
C R I F& JS( Wlstgu5s.l921 A-O
M. tfe St Li Ist gu g 78
1927 J-li
(Viuada South Ist os
1906 J-J
-2d 08
Registered
Carb
cfc
Shawn
191;;
.VI- t^
191 ;:
See
111
1203, Sale
99
116
....
103
,
,
2'.:
II9I2I2II2
Apr '97
124i2Apr'05
126 Mar'06
^i 12611
12434 126
124
lOOiv 1 00 12 May'05
10312 lU2i2Apr'05
119
119
118'8l23
118 ....
Ill
12034
,
I21I4
I26H2
103
12034
98
1001.,
101i2lo2i-i
ll»H,121i2
120i2Mar'03
112i2Sep'04
....
U)4-'8Sait 104
106Hil0Ti4 10034
106
1043f,
1063,
Apr '05
64 102 12104:18
10512 109
10534 lOO
Cent
CaioUuaCeut i^eSeabAlrL
Ad See N yO& H
CedUlaKdeN «e«BOR<fe^
Carlhage<fe
Ceu Branch U Plstg4s...l94f J-D
Ceu Branch Ry .Sfc JIo Pac
Cen R K & B ol Qa col g 58 1937 .VI-N
Cent of Ga RR 1st g 68..j^l94rj F-A
Consol gold 58
Registered
Isl pref income g 58
2d pref income g 5s
3d ijref income t' '>«
1940 .U-N
1945 .\1-N
^1945 Oct
pl945 uct
;)194 5 Oct
95
94
Jan '05
94
94
112
119
Apr '06
110
112
119
119
II311
11334
J'ne'04
119
113
12 m;
II6I4
113''4
Sale
107
93
94
79
G4
Sale
Sale
9212
937,
77
79
64
61
S:
<fe
Pac Div68
P W IstgSs
GtSo g5s
1910
Dakcfe
Far
Sou assu g 68
1924
1910
1910
190b
Chic<fe
Chic<Si
&
11
lli2
203
94 \
67
791b
52 12 64
90
Bklyn Un El let g 4-58.1950
Kinvs Co El Ist g 4s
1949
M;unped guar 4s
1949
N>is.sau Elec gu g 4s
1951
Conn Kydfc Llslifc ref g4i2S'51
Den Coil Tr Co Isl g 58...193:i
Den I'raiu Co cou g6s..l91ii
ilcl Ky Co Ist gu g 68.. 1911
Pet Ignited 1st con g 4'2S.Di3'.'
Hav.uia I'.lec consol g 68.1952
Louis Ky Co Ist con g58..193ii
ftiet 5.t Ky ten col tr g 58.1997
Bwayifc
Coi
Av
7tli
Ist
V 1st jii
A; '.all
A
eg 5s
194;-
FA
F-A
FA
J-J
J-J
108
86=8 Sale
108 14
104
lloi4Sale
92ia^alt
93 12 Sale
88
101-2 102
A-O
109
86
108'<8
May'05
87
May06
Feb '05
1094 UOI4
92-2
92 4
106
93
88
91
May'05
10034
Apr '05
95
J'ne'oo
J-J
95
93
FA
J-D
e 08.109:' M-S
953,
95
92^6
93
109 Mai '98
114-211614 115
115
119 119
1 19 14 May'05
Sale
"•,
llSl.
1204
•>io nrice Friday; latest price this weeK.
a Due Jan
Wl-S
J-J
J-J
J-J
M-S
FA
FA
A-O
A-O
M-N
iVl-N
LS
cfe
-VI-N
JJ
81 14
81
103
1921
191i:
113
113
101=8
1113
...
80 '2
f-3
8OI4
80^1
97.I4
103
97
Feb '05
1534
Aug'04
"I4
10
'05
Jan
1061..:
106-.^
100
:n7
11134
i08i._-
f.»5
10; 34
:38
116-..
Apr'05
Jan '05
May'05
Dec '04
-2
.::...
1113i
11012
103
12
111%
122
1
-2
4
137
131
114
11.:- -2
109i2U0'..j
178
1-^7
10934 111
112
98
''A
11:; '8
'f
1163.,
119-2
110
i-ti'.,
no
!-
-I
Ill's
liV-i
11-38
116
112
11434 117
183=^ i 85"
11538
115
106=8 106=8
11014 111
I0914 !'•<»
15 II5I2 il()34
Il-.;i8li2i8
Ullig '"'«
'
I't6i4
^2912
May' 04
99 -2
9912 101
IIOI2 Apr'O..
17 12 118
1:7
117
111 la 113
1
Mai'04
1051-.
107
1U6
104
'.!..!.
IIII2 May'05
IOII2
lU'^
11912 19
121
120
99 12
103 Nov'9b
II7I2 117 12
117 Feb '05
....
33
:.
US
ll9i2Mar'05
Apr'05
112-6
il6ie
I26I4
104 -2
102=8
99 14
99 14
117
117
I
12114
1161-2
V-.
100
i-^i
U21b
'4
IIOI4 llO'i
lu:v''^
103
IO6I4 108-4
Apr'05
'JSUApr'Oi
06 12 Feb '05
00 Apr'05
11614117
C'l
101 102
95 H. 98
9618 96
-I
1618
U3
10678 107
•I0512
105
"
'84-4
10734
108-2
117
'i
'.-8
97
113l4ll3'4
853.
9738 981*
120 "a 122
1
80 I2
811-4
80 '4 May'05
104 34 Apr '0(1
102 \ May'05
3<
85 3.
135 13714 135 Apr'05
114 May'05
iio"4 ;.!"; llOij Apr '().'>
Mar'05
187
1101211138 111=8 111=8
11212
II312 May'Oo
Ill
109-2 J'ne'ii4
97 10012 9818 Jan '05
116I4
11034 Ai)r'05
119-2
119=8
il'J'^s
Ill
111*8 Mar'05
11634 i 17 14 llO'-'g
116=8
U'i\
112 Mar'Oo
132 12
13712 J'lv'99
115'4
11539 May'05
106
106 Aug'04
185 Api '05
11434
11638 May'05
1061a
106=8 Apr'05
111
111 Mar'05
100 7f,
110 May'05
Mai '05
i04-2 iL6'2
Mar'04
IIOI2
10834 Jan '04
117 iiT'ia 117 May'05
11538
II512 .A.pr'05
117 ll'.|=a
115l2ll5'2
I0314
101
10512
104 14
104
-2 Nov'04
105i2Muy'04
104 Is Mar'05
IIOI4 Mar'05
130 iMai'dS
II9I4 Nov'04
142 12 Feb '02
IOO'b
12778
12014
131
132 14
101
.
131 12 Jan '05
103 Apr '04
109 Sep '03
12379 Apr'05
123
123
106=8 10634
107 Jan '03
96
96
..
103
123-2
122H125
Registered
General gold 4s
Registered
Ist & refunding g 48
Coll trust Series C 4s
1917
1988
1988
1934
.. 1905
H4s
1910
M4S
1915
N 4s
1916
O 48
1917
P4s
1918
Chic R I & Pac RK 43. .2002
KeL'istered
2002
Coll trust gohl 5s
1913
Choc Ok <fc G gen g os .01919
Consol gold 5s
1952
Des
& Ft D I8t2i23..1905
Keok & DesMlRtSa
1923
10b-i8
"96"
107
i-j
Salt
104i8lo7
110-4 IIOI4
129 14 130
131-2 131
12
122*2 126
10 123 123
13 101 14 107
8t
95
931*
,)6o
79
86
'i'i'l
911-2
l01i4Sep'04
'8
97
J'ly'04
92-'4
96
93
94
90
79
May'04
May'04
Dec'04
May'04
95
9234
92 14
92-4
80
Sale
80
-2
7612 Sep '04
91 14
90 12
-.123,
110i6Apr'05
i09H;;!"!; 115 Apr'05
95 e-ep '04
109
109 4 Apr '05
M
9134
no
97-'9
115--4
il5
115
109" 11034
I'lvne.
Street Railway
1084 11234 Met St Ry—rCoJi^Ref g 4s2002
LexAvtfe P Flstgug58l993
80 H314 8978
Third Ave RR con gu 48 2000
108 •'8 108 3»
Third
Ave Ry Ist g&s..l937
106 106
S El (Chic) Ist g 48. 193«
109-4 II3I4 M el
92
934 .Mil El Ry & L 30-yr g 53.1926
46 914 96I4 Jlinn .St Ry 1st cou g 5s. .1919
St Jo Ry Lt H&P Ist g 5s. 1937
87
91
98 10034 St Paul City Cab con c 5a. 1937
Underground Elec Ryg of Lou
don Profit sharing 6h...1!)u8
Union Kl (ClUC) 1st g 5s..l94.'i
95
964 L'nited RRs San Frs 148.1927
United Rys St L l.st g 48.1',^i-!
92^8 94
ChicSt40-yr cons g 5s. 1931
A
.M
90
s
95
118 4
F
A
A
J J
.M
J J
N
J
D
A
A
"96'
4
J J
F
90
90
120 4 Mar'05
95 78
96
Sale
UK
J J
118-4 Apr'05
95
lC93j
9934
94 4
12 00
117 120 -a
"3 9478 '•'"'«
...I
,
114
10014 Sale
1 1
i
6
4
1
1
8
90
96
994 IOOI4 154 07
4 Dec '9!'
100
Feb'05
Oct '99
1064 Nov'04
95
106
'-2
10" j'iy'oi
109
J
J
Al
1\
'ul" vK)K
Gaa and t^lectric Kiglit
II714I204
119V 121 3< Atlanta G L Co Ist a- 08...1947 J
L>uo „ ue
uuo j ly ic oao
U Duo Apr « Due .auy
/«.
853^
.\I-N
Ashland Div lat g 68. .1925
Mich Div Ist g 6s'.
1924
Convertible deb 5s
1907
Incomes
1911
Clue Rock Isl & Pac 6s. ..1917
;y
.
80 12
80 14
102
i(i33^
10534
108 Apr'05
11212 11312 114 May'o.".
I0714
10734 May'05
137
Sale I37I2 137--.
1183^ 119=6 Hi)
119
St Pet2d7s..l907
1204
97
108'«
0834 1 1
117141-^2
II6I4 ill
10534 110
Apr'O.".
1131.-4 Feb '05
95 -2 Sep '04
8434
103 '4 10 4-2
1027o
!
98
.Vl-K
West Ist g Os 1921
Ext& Imp sfuud g5s 1929
W
103;3^
I
1013.-,
106
Mar"05
11:
9812,
110^4
100
M-S
J-D
A-O
22
108 34 May'05
117 % lis
AI-S
ife
W
102't
i;;i;
I33I4 135-2
11234 115
May'05
106
113
J-J
J-J
J-J
J-J
J-J
26 134
116
11. I4 May'05
10734 Sale 107 34
107 V
106*4 103 Apr'Ol
AG
1913
Chic <fe Northw cons 7r
1915
Extension 4s
1886. 1926
Registered
1886-1926
General gold 312S
1987
Registered
jjl987
Sinking fund 6s.. .1879-1929
Registered
1879-1929
Sinking fund 5s.. .1879-1929
Registered
1879-1929
Debenture 58
1909
Registered
1909
Debenture 5s
1921
Registered
1921
Sinking fund <leb 5s
1933
Registered
1933
DesMoifeMinn Ist 78. .1907
MilWife Madison Ist6s..l905
North Illinois 1st 5s
1910
Ott C F & St Paul l.st 5s 1909
Winona
106
109
11734
M-N
M L 6s. ...1910
.»llSCEI/i..ANEOi;s ItOM).-*— Continued on .Next
Rnil>vny
Brooklyn Rap Tr g 5a
1945 A-O
Ist refund conv g 43
2002 J-J
BitOity l8tcon5s.l916, 1941 J-J
BkgC0(& Scon gug 58.1941 M-N
.-Street
A-O
A-O
M-N
M-N
M-S
Ist
let consol 68
Mil
102^4
104
95
941a
104i2Mar'05
I02I4 103
I<fc D Exten lst7s
Lacrosse & D Ist 5s. ...1919
Mineral PointDivSe
1910
1910
So Minn Div Ist 68
1909
Southwest Div 1st 68
Wls& Minn Div g 5s.... 1921
Mil& No
I0714 Aug'04
136 V I36I4
134i4M:ay'05
1 14 12 May'05
I0II2
1921
LSuDivgSs
Mo Riv Div 58. ..1926
lsl53
10434
May'05
Chic
II3I2
136 14 Salt
134 14
11438
I0512
«1989
Registered
General g 3 128 series B.el989
Hast& DDivlst7s
96
Not'04
9134
11234
1947
Refunding gold 58
Louisv N A <fe Chi St 6s. 19 10
Chic MU <fe St Paul con 7s 1905
1914
Terminal gold 5s
General g 4s series A..«1989
Cliic<fe
61 10034 103 12
102
90^4 J'ly'o:^
.05i2Mar'i;4
Co certfs
Bat Creek & S See Micli Cent
Beech Creek See N Y G cfe H
Bellev <& Car iis^e Illinois Ceni
Bklyn <& Montauk ,Vee Lonu
Bruns & West See Atl Coast 1.
J
99'\
.VeeSoii Pacitii
Bait & Ohio prior g3 '-^8.1925 J-J
i^-J
PJun&M
98
99^8
II2I2 Nov'04
101^4 Sale
14278 150iv
J-J
Austin
99 Dec'04
99 12 Jan '05
9812 Nov'04
97 Oct '04
99 14 •Ian '05
i)^^
113-'8
Atlantic
973b
94
I4
1934
Ala Mid 1st gu gold OS 1926 .U-N
Istgold 5s
93I2
991.2 2Srov'04
FA
FA
iVI
Clies
94 '-2 10.^12
9018IOII4
88 14
80
76 IO3I4 108
tlOO 1011*
Vi 9334 90
Miyh Ao Low Miyti
94 12 Apr '05
104 Feb '04
102 J'ne'99
9434
112
N
he & Hud K gengug58 1920
Leh & Wilks B Coal 5s. .1912
(/1910
Con est guar 4i2»
N y & Long Br gen g 4s 1941
Pacific
Co
Cent Pacific See So
Chas & Sav See Atl Coast Line
Manga
Since
Janicary 1
Last Sale
Ask Low
Hid
Am
1041210519
10434 105 7g
132 133
'
95
95
ices
106
104
fridav
May 26
Central of Ga,—(Continued)
Chatt Div purmon g 48.1951
Mao & Nor Div Ist g 58.1946
1947
Mid Ga& Atl Div 58
194(;
MobUe Div Ist g 5s
Cent of
J gen'l gold 5s. 1987
/t.1987
Registered
Dock & Imp gu 5s.. 1921
95^4 J87^4 -41
8tnte Securities
Alabama
10434 1053»
101 10434
Week's
Mange or
Price
STOCK EXCHANGE
Week Endinu May 26
1
9S\ 182
98
95 14
86
105 Is
gs^s Sale
95 ^ Sale
86 Sale
105 "a Sale
BONDS
104«8l04T8
i-i
Q-F
Q-F
January
Weekly and Yearly
FA(JK.S
N. Y.
High Ao Low High
U
"88 4
88
89
yj
4
83--.
.Muy'05
"'i
87 14
91
85 4 89 «»
Dec'UV
I)
.\.ai
ouae Oct
p Due Nov
j'Jption sal»
Bond Kecord— Continued— Page
2206
BONDS
STOCK EXCHANGE
Week EhTsiKQ May 26
N. Y.
L&
PM&O
J-r>
J-D
M-N
Clioc
&W
O&
Mich SeePereMarq
Gulf fiee C R I & P
a&D
137i-2Mar'05
93 Dec '03
135 '8 Apr '05
13778
94 ^i
134
131
124
J -J
A-0
98
97
Sale
95
115
J-J
95
Q-M
113»a
BR&P
See
W&
6tLDlvl8tcoltrg4s..l990 M-N
Registered
1990
8pr & Col Div Ist g 4s.. 1940
Val Div let g 43.. .1940
C I St J> & C consol 68. .1920
WW
lOlJ^....
M-N
A:1936 Q-P
fcl936 Q-F
1st gold 4s
Registered
Cin S & CI con Ist g 5s. .1928
1914
CCC<fe IconsolTs
Consol sink fund 78
1914
General consol gold 6s. 1934
Registered
1934
Ind Bl &
Ist pref 4s.l940
Istpf 58...iil938
O Ind&
Peo& Kast 1st con 4s... 1940
lDCome48
1990
CI Lor & Wh con 1st g 5s. 1933
Clev & Marietta SeePenn RK
Clev& MaUon Val g 58.. .1938
Clev & Pitts See Penn Co
Col Midland 1st g 4s
1947
Colorado* Sou 1st g 4s... 1929
Colnm & Greeny Sa So Ry
Col & Hock Val See Hock Val
Col Conn & Term SeeN
Conn & Pas Rivs 1st g 48.1943
& Gt So See
& St F
WW
&W
Dak
alias & Waco
CM
5ee M K & T
Pel Lack & Western 7s.. .1907
Morris & Essex l8t79... 1914
Ist consol guards
1915
Registered
1915
Istref g-ug3ii28
2000
N Y Lack &W
J-J
J-D
J-D
J-J
J-J
Q-J
101
A-0
Apr
A-O
72
J-J
119«8
73
.
112-'<
.
.
DesMoi&FtD SeeOR&ie
Des M & Mian See Cli & N W
98
97
1995 J-D
1951 J-D
101
77
95 12
IIOI4
126 I293j
1301*13134
108
l;il34
Jan
130
'05
130 May'u5
1121* May'05
104 May'05
107 Mar'05
129ifil30
11218 115
103
105
10634 1071a
Feb '03
102
134
149
104 14
May'05
Aug' 01
1021^
IO212
134
102ial06i8
1421314212
1013,
102
109 la
110
9818100
89
941a
100
108
108
Apr '05
108
lOgia
1341a
Dec '04
142 12 Mai '05
lOlVj
130
110
99 12
99=8
9II2
911.2
d7 Jan '02
93
4s. ..1941
Hale
114'-4
116
5s. .1937 J -J
Elgin Jol 6i East Ist g 68.1941 M-N
Elm Cort <fe No See Leh
\
Erie Ist ext gold 4s
1947 M-K
11838
&N
M-S
192o M-S
1920 A-O
191!:t
3d ext gold 4 "^s
4th eil golQ 5s
6th exl gold 4s
192S
Ist consol gold 78
1920
let consol g fund 7s
1920
Erie Ist cou g 4s prior.. 1996
Registered
1996
1st consol gen lien g 4s.. 1996
Registered
199(i
Penii coll tr g 4s
1951
60-year conv 4 s
1953
BuUN Vcfc Erie l8t7s.. 1916
BnlJ<fcS
gold 68
1908
Chic <fe Erie Ist gold 5s. .1982
A
W
J
-D
M-S
M-S
Sep
'04
J-J
J-J
J-J
93
116
102 la Sale
Mar-OS
May'05
1081a I14»a
90
85
.1041s 106
IUI4
Ill's Sale
91
1021a 106 19
102V, 1317
101
100=8 May'05
Mar'05
99 1021a
98i4l01i«
103
10534
niia 14 109
111=8
105i3J'ly'04
lOOifl.
100
Apr'05
US
Nov'04
'1-2
IOII3
70
W
100
100
i 05
lOOifi
i^
102
105
101
Sale
105
96
109
Apr'05
Mar'03
103
103
lOlia
lOlislOlig
Oct '04
May'05
Oct '01
105
105
10413106
ifi
Apr '04
1061a Mar'03
9534 May'05
123 May'99
86 Jau'05
85 Nov'04
82
96 Mar'05
101 Is Oct '99
100
109 la Sale
IO918
9434
96i«
851a
86
95 13 96
Nov'OO
109 Is 109 1«
10919
126
123
124i2Apr'04
IO312 90 Nov'08
....
125 Feb'05
....
11934 MaT'04
102
110i3Jan'05
IO314 103 Nov'04
12413
IO713
123 14 125
93=8Alay'04
109 14
107
IOOI3
II914I22
106
"^4
lOliytiaae
75
114=8 116
85
,
,
UOiallOia
Mar'04
107 la Dec '02
lOOia lOQia
11914
I2012
100 la 10134
80
79
115
115
85 Apr'05
99=810013
U914I2213
100
10314
7038 81
II414II6
88
85
KalA<&GR SeeLS&MS
an & Mich See Tol &
C
K C Ft S JI See St L & S F
K C & M R B See St L S F
Kan C & Pacilio See M K T
<fe
115
97
Lake
Wist g 5s.. 1937
J-J
901-2
May'U5
J-J
114
116
Apr '05
llliall5
II912
II718I20
1941
North Oliio 1st gu g 5s. .1945
L Sho cfe Mich S See'N Y Cent
Lehigh Val (Pa) coll g 58.1997
Leh Val
1st gug 4 las. 1940
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
Lell V Coal Co 1st gu g 53.1933
Leh cfe N Y 1st guar g 4s. .1945
Registered
1945
ElCcfeN 1st g 1st pf 68.1914
Gold guar 58
1914
Leh cfe Hud K See Cent of N J
Leh cfe Wilkesb See Cent of N J
Leroy & Can ey Val See Mo P
Long Dock See Erie
Long Isl'd— Ist con g5s./il931
Ist consol gold 4s
/il931
General gold 4s
193H
Ferry gold4i3S
1922
107
May'05
Apr '05
109
Feb '05
1341a
1311-2
1271*
J-J
105
M-N
121^2 Sale
102 12
I34I4
941-2
104
1-.
9434
95
105
120ivi
117
110
111
110
Bale
10334
9i""93i-i
la
30
9414 9713
151 9534 111
Mar'05
1201a I26I2
103
126 la
110 Mar'05
117ie....
100
Nov'04
1211a
106 Feb '05
1 36 14 Mar'05
118 J'ly'0.<
11436116 1131a Nov'03
117 Jau'05
1131a....
117 ....
116 Apr '05
IOII2I04 102 la May'05
109 llO^s 110 la May'05
F-A
F-A
M-N
M-N
A-0
J-D
107
Aug'03
130
lOlTg 1021a
981a Jan '04
9314 921a
93 14
F-A
A-0
J-D
NY
107 la 109
1171211712
101 la 103
133 137
117i2Feb'05
88
94
103
107
Jan
'05
110
109^8 Jan '06
Erie cfe
2d gold 5s
Gold .Is
Unilledgold 48
Debenture gold 58
105 110
42 1201312313
106 105
13434 13612
117 117
114'4ll6
102 la 102 la
loe 111
1171311713
Guar
Mont
1st g 68. .1911
1911
N BcfcMBlstcong68l936
NYy cfe R B 1st g5s 1927
NorShli 1st cou gguos 01932
Louisiana cfe Ark Ist g 6s. 1927
Louisv cfe Nashv gen g 6s. 1930
Gold 5s
1937
Uulhed gold 4s
1940
Registered
1940
CoU trust gold 5s
1931
6-20-yr col tr deed g 48.1923
E H cfe Nash 1st g 68
1919
108iallO
109'8 109^8
MISCELLANEOUS BONUS—Continued
Gnn and Electric Li^lit
Bklyu U Gas Ist cou g 68.1945 M-N
1932
1949
1934
1 949
vol gold 4s
Bklyncfc
l8t5s
71
63
N
84
16
71i4Sale
1950 A-0
95
11334 J -ly '04
10.!
City Sou 1st gold 3s.. 1950 A-0
70
90
93
108
92=4
KK Istgug58....al909 A-0
consol g 68.. 1935 A-O
Coal & RK Isi cur gu 68. 1922 M-N
Dockcfc Imp Ist cur 68.. 1913 J-J
>{1 & Green L gu g 58.1946 M-N
U Y Su8<k W Ist ref 68.1937 J-J
Gas Ist g 68
1947
Consol Gas conv deb 68
1909
Gas
See
P
G
Bonsiuii
cfe C Co
etrollClty Gas g 5s
1923
Det Gas Co con Ist g 58. ..1918
Kd El lU Bkn See K Co E L cfe P
Kd E 111 See N V G cfe E L H cfe P
Eq G LN Ylslcon g 58. .1932
Kq ti cfe Fuel See P U ,fc C Co
Gaacfc Elec Berg Co eg 68. 1949
105
114
90
11334 114
1021a 106 13 102 4 May'06
107
See L <&
Keok <fe Des Mo See C R I <fc P
KnoxvUle & Ohio See So Ry
114^4
10S12
11414
10434
I3OI2
102i2 8ale
J -J
Long Dock
Bttttalo
901a
i 01
FA
Regis tere<l
Kentucky Cent
Sep '04
96i2Apr'05
8I34 Mar'Oo
UQia
.
135
JTefl
2dgold4>28
1937
General gold 5a
1940
aerimual 1st gold 58. ..1943
Regis ^5,000 each. ..1943
MldKKot^; J Ist g 68.1910
WUk<fe Ea Ist gug 58. 1942
Brie & Pitts See Penn Co
'.'.'."'.
90
103 121041* 103
94
'.'.'."'.
gold 48 ...1953 M-N
Registered
1953 M-N
Cairo Bridge gold 4s
1950 J-D
LomsvilleDiv gold 313S. 1953 J-J
Middle Divreg58
1921 F-A
Omaha Div 1st g 3s
1951 F-A
St Louis Div gold 33
1951 J-J
Registered
1951 J-J
Gold3i38..„
1951 J-J
Registered
1951 J-J
Spring Div Ist g 3138. ..1951 J-J
Western Lines 1st g 4s. .1951
BeUev & Car Ist 6s
1923 J-D
Carb & Shaw 1st g 48... 1932 M-S
Chic St L cfe N O g 58.. .1951 J-D
Registered
1951 J-D
Gold 3138
1951 J-D
Registered
1951 J-D
Memph Div Ist g4s... 1951 J-D
St L Sou 1st gu g 43.. ..1931 M-S
Ind Bl & West See C C C <fc St L
Ind Dec &
let g 5s
1935 J-J
Istguar gold 5s
1935 J-J
Ind 111 & la 1st g 48
1950 J-J
Intcfe Great Nor 1st g 63. .1919 M-N
2d gold 5s
1909 M-S
3d gold 4s
1921 M-S
Iowa Central 1st gold 5s. .1938 J-D
RefuniUng g4s
1951 M-S
Jetlerson RR See Erie
cfe
1916 J-J
g
iu"
12318)2414
1061411013
114 116
<fc
100
9»i2
Il^aatot Minn /SeeStPMcfeM
Jast Ton Va & Ga iS'ee So Ry
2dextgold58
9014
126
110
80^4
M-S
Dttl<& Iron Range lst58.. 1937 A-O
Registered
1937 A-O
AU
7334
94
High Ao Low Higli
<fc
lOlia.
Ist lien g 4s.l995 J-D
<fc
7434
January 1
II313 Mar'OO
1951
1951
1951
1951
1951
1952
1952
L N O & Tex
Kan
Des Moi Un Ry 1st g 58.. 1917 M-N
Det M <fe Tol See L S <fe M So
2d 6s
Dul So Shore
84
116iall6ia
Mar'OS
13134
A-O IO4S4
F-A
M-S 13313.
M-S
A-0 103 103*8
A-0 10134 ....
Rensife Saratoga let 78.1921 M-H 13919....
Del Riv RR Bridge See Pa RK
Denvife R Grist con g 4s. 1936 J-J 10134 Sale
Consol gold 4^8
1936 J-J 108
Improvement gold 5s.. .1928 J-D 110 Sale
99 12 99!\j
EioGr West Ist g 48.. ..1939 J-J
Consol and col trust 48 194ii A-0
9m2 92
93 !«....
Utah Cent 1st gug 4s al917 A-0
Elo Gr So gu See Rio Gr So
!<
Extended IstgSias
Ist gold 3s sterUng
CollTYust gold 48
Registered
101
711a
Mange
35 ig
I2313I2514 I2313 Mar'05
109 11034 IIOI3 May'05
114
114 Apr'05
104»6
104 Oct '04
11513
114 Apr'05
110
iUiiJois Central 1st g 48. .1951
9b 1q 100 12
72I2
73
112 12 Feb '04
108
126
102
W
104i2Nov'01
98
Ask Low
<2~..
Since
Last Sale
1999 J-J
H Vl8textg48..1948 A-O
Registered
Ist gold 3138
Registered
130
1923 F-A
1923 M-N
Gold 4s
Det Sou 1st g 4s
Ohio Sou Div 1st
i34"i35"
74
93=8
108
125>2l27
13112 132
M-S
M-N
J-D
J-D
J-D
Syr Bing&NYlst78.. 19013
Warrenl8tretgug3i<2S.2000
Del <fc Hud 1st Pa Div 78.1917
Registered
1917
Alb & Sus let con gn 78.1900
Guar gold 6s
1906
Det&Mack
May'05
fVeelc's
Bange or
<fe
H<mat E <fe
Tex See So Pac
Hoiist&TexCen See So Pac Co
II414
A-0
1st 68.. .1921 J-J
Construction 5s
135
1161a Jan '05
74128310
94 Sale
J-J
F-A
123
134=8
NYNH H
Registered
O0I&
112
See
Hock Val l8tconsolg4ias. 1999 J-J
100^2 101 la
Apr '05
Dec '04
11414
98'2
98I4
A-0
Han
ousatonic
May'05
101
114
124
12934
Term & Improve 48
W
Oct '04
9934 Feb '05
94i2-'^ug'03
105 Jan '04
100
104
IOIJ4IO2
J-J
W
Georgia & Ala See Sea A Line
1153gll9
Ga Car & Nor See Sea A Line
9912 Georgia Pacilio See So Ry
98
Gila V G <fe Nor See So Pac Co
Gouv & Oswegat See N Y Cent
Grand Rap & Ind See Penn RR
101
104
Gray's Pt Term See St L S
10034 101
GtNor—CB<feQcoUtr48 1921 J-J
981a 1003^
Registered. /i
1921 Q-J
103
100%
Greenbrier By See Ches & O
'e
Gulf & 8 list ref &tg 5s 61952 J.J
9934 9934
& St Jo .See C B <fc Q
100
M-N
M-S
M
/-^alHar&SA 6'eeSoPacCo
^TalH& Hofl8821st 58.1913 A-0
lOOSg Mar'Oo
IOII4 10138
....
M
C^argo & So See Cli
<fc St P
L lintcfe Pere
See Pare Mar
Fla C & Penin See Sea jUt Line
Fort St U D Co 1st g 4ia8.1941 J-J
Ft
& Den C Ist g 68... .1921 J-D
i'tWifc RioGr 1st g 48... 1928 J-J
115
115
104i2Dec'03
113 Oct '00
11 539 May'05
dSh 99 May'05
103=8 103«8 103
....
101 May'05
J-J
Ev&
135^8
Price
Friday
May 26
Bid
H
&
T Ist cons 68.1921 J-J
Ist general gold 5s
1942 A-O
Mt Vernon 1st gold 6s.. 1923 A-0
Snil Co Branch 1st g 58.1930 A-O
Ind let con gug 6s.. 1926 J-J
I2314I2511,
86I4 99
8438 97 14
97
95
103
101
101
A-O
M-K
135
May'05
Clev Cin C & St L gen g 48 1993 J -1)
Cairo Ulv 1st gold 48. ...193& J-J
Cin
MDivlstg 48.1991 J-J
& Mah
January 1
13378 138
May'05
124
J-J
Cleartield
N. Y.
129^4 Mar'(i4
...
...
...
W
STOCK EXCHANGE
Week Enbinq May 26
Since
High No Low High
98
98
116
9d
Cin
consol s i 78...1905
2dgold4'-2S
1937
CinD& I 1st gTZg5s...l941
Cin I &
Ist gu g 4s. 1953
I St L & O (See C C C & St L
Oln S & C See C C C St L
f
^sk Low
5-=
Evans
con 68...193(t
Cliic
Last Sale
See Venn Co
Pitts
Cona 6s reduced to 3ii;8.1'J3(i
CiiStP<fe Minn l6tg6sl91M
Nor Wisconsin 1st 63.. .193(1
St P & S City 1st g 68.. .1919
CUicapo Ter Trans g 48. ..1947
Coupon off
Chic (fe West Ind gen g 6s 91932
Chic St
WeelCs
Bange or
Bid
Clac<feStL &e«AtcliT&8aFe
L & N O See lU Cent
Cliic St
Ciiic St
BOND.S
£ange
iYlce
Friday
May 26
[Vol. lxxx.
2
on Next
A-O
11838 119
11913 119^3
11513.
II6I4 Apr'O.')
116 11734 120 Feb'05
M-N
J-J
J-J
A-O
A-O
J-J
MS
M-S
A-0
A-0
711^ 239
111
111'
II914
llOSi
114
99
115
....
109=8 Apr'05
IIII4
iU^e
106 Jan '04
11914 May'05
109 la Oct '9
108
99
761a
1171311934
112=8 116»4
II713I2O
10314109'%
UOia
lilt's
11713119=8
Dec'04
Jan '00
99
99
1051a.
104
.
1061a Kov'04
11513
101
1021a
101 13
96
11713 Apr'05
117181171a
lOliaMay'OS
105 Jan '06
99 14 Oct '04
101
MS
104 14
1
A-O
M-S
11313
1113tiSale
Q-J
IIII3
Q.J
Q-J
J-D
102V,
105 105
M-S
J-D
lOOi^Sale
IOOI4 10 iboi^ ibs"
IOOI4
M-S
llOia 110 J'ne'04
J-D
IO214 10238
1023^
101 vj 10334
M-S
M-S 107
MS
106
J-D
12134
M-N
119
J-J
J-J
loa^fcSale
05 14 Mar'03
112 Mar'O-.
lllSg 1113*.
109 Nov'04
10514 Apr'06
121^8 V2l\
nS-U 11834
103^8 104 V
101''8J'ne'04
1113811138
104 Vj 105 '8
122
119V,
66 1021310414
18 119
2 117
114'8ll6
115 Apr'05
M-N
981-2
37 It7'al00'%
A-O 97»« 98 13 9818
114V,117
J-D 116 .... 117 May'06
I'afce.
And Electric LiKlit
LacGa8LofStLl8tg58.cl919 Q-F 107»8]09 108VjMay'()5
lOSV)
10313
Rel' and ext 1st g 5s
1934 A-0 105
92i4Jan06
Milwaukee Gas L 1st 48.. 1927 M-N
91-1h 92
UO^e IIOI2 111
N Y G E L H P g 68.. .1948 J-D llOSi
92I4 Sale
92I3
9214
Purchase money g 48. ..1949 F-A
10418 104 V
Ed El IU Ist conv g 58. .1910 M-S 104 1h
<iinH
113
65
A-O
114
70
J-J '169
113
08
169
May'05
113
66
118
73
169
169
I87I4
100
103
114
cfe
J-J
1021310234 IO214 IO214
105 J'ne'03
FA
Istcousol gold 53
lUV,.
M-S
112
1995 J-J
NY,fcyElLc&Pl8tcong5sl930 F-A
N Y cfe Rich Gas 1st g 58.1921 M-N
Pat cfc Pas G cfc E con g 5e. 1949 MS
Peo Gas cfe C Ist con g 08.1943 A-O
Nov'03
J-D
61 13 Oct '01
Oen Electric deb g 3I38..I942 F-A 90
89 la Apr '06
QrKapG LCo Ist g 68.. .1915 FA
10734 IXic'OO
Hadson Cj, Gas l»i g us. .1949 M-N 1093(,
109 Vj Feb'05
Kan (;ity (Mo) Gas ist g 58 1022 A-O '101
100 May'05
iUngs Co El L cfc P g OS. ..1937 A-O
124
Purchase money (is
V,
1907
124
]24'tMay06
KdKI lllJkiil8lcon»i;4Hl930 J-J 123
9-li3A|)r'05
94
90
• Mo price Friday; latest bid and aaked
thU week. oDueJaji
AO
70
Oct '00
89 13 9134
10913109^2
100 100
'
124
18
127
94
Koiuiiding gold
6.S
1947
MS
ChG-LcfcCkol8tgug6s 1937 J-J
Con G CoofCh l8tg-ug68.'30 J-D
Mu Fuel Gas Ist gug 6s. 1947 M-N
Syracuse Lighting Ist g 6s. '61 J-D
O cfc El lslg6H..1949 M-S5
WeslchOHter Liu'hfg g 68.1950 J-D
118=8
107
'101
103
944
b Due Feb riDueApr eDuo MajT/iDuo
/
J'lr
lirj
10518
105i4Mav'05
12334 125Vj 12334 May'05
10713 107VjMay'()5
io«i-i
lOHVj 10(11.^
10814 109 V, 109
109
102 13 107 Vj 10713 Apr '06
100
92
97^
1031*10634
U8I3II9I9
106 108
103 103
1051*10614
I233hl27i«
107 V, 109
110
108
107 14 110
106'a 1071a
.
'ITenton
Vj
119VjApr'05
106 May'06
109»4
1061a 106V,
921 4 92 '4
110 lliv.
108
iii'i^!
110
113
May'05
Jan '05
110
11214
11114113
/cDueAug oDueOct gDuoDeo eOptionsal*
May
Bond Record— Continued— Page
27. 1905.]
N. T. STOCK EXCHANGE
\V KKK ENDING MAY 26
I
'
5a.
I/Cin& Lexgold4i23...iy31 M-N
"
M
NO&M
NO
Ist gold 68. ...1930 J-J
193( J-J
2rt gold 6a
PensacolaDlv gold 68... 1920 Wl-S
1921 M-S
6t L Div l8t gold 6s
1980 Wl-S
2it gold 38
Hender Bdge 1st 8 f g 68. 1931 M-S
Kentucky Cent gold 48. .1987 J-J
<fe
L<feN&M&>llstg4'2Sl945 M-S
Ii<fe
M
N-South
N Fla<fe S
1st
joint 4s. 19u2
5s. ..1937
6s. .1921
5s. .1936
gug
Ij
J-J
F-A
P-A
F-A
1910 A-0
Pens & Atl Ist gu g
S & N Ala con jru g
Week's
Hange
Hange or
Since
Sink tund gold 6s
& Jett Bdge Co gu g 4s. .1945 M-S
L K A & Ch SeeC l&l,
MaUon Coal See L S M
8
anliattan Ryconsol 48.1990 A-O
1990 AG
Kofiistered
1908 J-J
Metiopol El l8t K 6s
Man S
Coloniz g 5s. ...1934 J-D
McK'pt & B V See N Y Cent
Metropolitan El See Man Ry
Mex Cent consol gold 4s. .1911 J-J
1939
Coupons off
Ist consol income g 38.al939 J'ly
2d consol income g 3s..ol917 Jiy
1919 A-O
Equip & coll gold 5s
1907 F-A
Coll Ir K i'^s 1st Ser
Mex Interuatlst con g 4a. 1977 M-S
1977 M-S
Stamped guaranteed
Mex J^forth Ist gold 6s.. ..1910 J-D
Midi Cent See N Y Cent
Mid of N J See Erie
See Chic & N
Mil L S &
Last
Ask Low
Bid
Nashv—(Continued)
lioniNV <k
I'rice
Friday
May ^6
IO8I4....
131^4 .--126% 129
13134
126 lo
W
W
Minn &
St L Ist gold 7s.. 1927 J.D
1909 J-D
lo-wa Ex 1st gold 7s
Pacllic Ex Istgold 6s. ..1921 A-O
South West
13134
126'2 126'v
Feb '05
114 Apr '05
19Hr,' JIay'OS
75 J'iie'02
113 Nov'99
100% Sale 10 134 1013^
108=8
110 Feb '05
967,
97
97
115 Mar'05
116
113
112^ Mar'OS
115^4 Mar'OS
114V2.
105
110 JIar'03
98=8 Oct '04
99%.
114 114
121»al2ii2
Ex Istg
7s.l910 J-D
1934
Ist consol gold 58
1st and refund gold 48. .1949
M-N
M-S
Minn & St L gu /See B C R <fe K
M St P & S S M con g 4 int gu '38 J-J
M S S M & A 1st g 4 int gu 1926
Minn Un See St P M &M
Mo Kan & Tex
104
Wa
MK
M
,
A-O
M-N
F-A
A-O
M-N
75
Sale
75
75
19
Sale
19
20
10
12
11
12
IQh.
Jan
'05
May'05
96
96>a.
104
104
107
104
loeifi
10818
73 Tg
75
19
11
76I4
2612
17'8
94^2
98
79
90=8 J'ly '01
M-S
J-D
M-S
M-S
F-A
W
&K
M
Dec '03
111=Q Jan '05
120 '4 Apr '05
140
142
11218
119^2
113'4
11
118
97 ^a Sale
3 14 Mai' 05
Mai '05
117
96
IOII4
HI
97
lll=fr
120 14 122
113^11314
117
95
'•J
IOII2 May'05
103 Nov'Ol
>a
99
11734
98^6
101 12
103
104
85=8 Sale
10312
103
85
104
IO5I4
1053j,
100^1(1414
8512
91 ^i Apr '05
105 14 Dec '04
953.
95
95 Apr'OS
II214 May'05
112'8ll3
106 "i U!6 Mav'oo
10578
IU714
1071^4
lOS'ello
107 k: Feb '05
105 107
10534 Apr '0,')
8434
10334
Essex 6eeDel
88 Sa 92
87
1^4
108
96
107
943e 95 14
111 II214
104^8 1083^
10 106 109 1.^
107 12 1071-;.
104^2 1083^
10334 107
I2212 12558
106 -2 11038
Sale 104
12258 122=8
107J2 106'i,
1(»4>^4
10^14
l(18l4
107
96
Mar'OS
105
95
96
110
Sale
105
II7I2
II712
iie'iiie'b ue^z
10934
95 14
9538 Sale
943* Sale
9434
122=6
107V
117\
iie^e
11638
U9
'O:;
95^8
9434
94
94
9638
98
102
11438
lllHiMar'04
93l4Apr'05
94
9634 Sale
128^2
124
114
,
.
yi^^.
93 "4 93 14
95 12 9812
126'2l29
122 12434
96'2 99
11434 Aiir '05
11334 115=8
96%
Feb '05
95
101
100 14.
95
95
Nov'04
McM M W &
T&P BraBChlst63 1917
Nash Flor & Shef See L & N
122>2May'C5
1 14 14 May'05
120-^8
121
Apr '05
11714 Mar'05
J'ly '04
116'2
H514
1951
80
A-O
1997 J-J
1934 IVI-N
Deben g 48......
Xiakei Shore coll g 3^28. ..1998 F-A
Registered
1998 F-A
Micli Cent coU g3H2S....1998 F-A
Registered
1998 F-A
Beech Creek Ist gu g 48.1936 J-J
Reicistered
1936 J-J
2d gn gold 5s
1936 J-J
Beech Cr Ext Ist g 3 His W951 -V-O
Registered
Cart& Ad
1st gug 48. ..1981 J-D
Cleart Bit Coal 1st s f 48.1940 J-J
Nor Pac— Prior
g 4s.. 1997
1997
General lien gold 38
a2047
Registered
a2047
St Paul-Dol Div g 4s
199G
Registered
199G
3934
l05i«May'05
7934
80
K J Juno R
gu
Ist 48. ..1986
FA
NY<&Pulstcongug4sl993 A-O
Nor & Mont 1st gu g 5s. 1916 A-O
102
105
108
W RR
:
•
M-N
FA
FA
FA
FA
FA
NY
7934
J'ly '00
Oct '02
Mat '05
A-O
A-O
J-J
J-D
FA
85
1191a
117i2ll9=a
106 1^ 107 '-2 Feb 'OS
104
Mar'04
106
104
107 1210713
105=8 104
IOII4....
101
I2412.
10334 Sale
106
104
SDueFeb
13 103 10638
103 "a 103 la
10334
"2
Jan '05
109
131
11114
Feb '05
Jan '05
13214'......
132iaMay-0o
129^8
101 12 Sale
Sale
132^2 Dec '04
10138 1013^
9934 J'ue'04
IOOI4 IOOI4
9634
97 12
Salo
lo9'2Feb'05
101
101
133
lOi)
14
s-
Q
105 "2 Sale lOSifl 105 12
103 41(15 104
104
5I2
76 '2
751a 76I4
4i2May05
74
100 14
100 Mar'OS
J
Q-J
Q-F
y-F
J-D
J-D
^
I27I4
1111411114
13312 1331a
132 12 13234
31 100
10439
97 IOOI4
9773
95
10912 1091a
103
100
89 10434 10634
7 I0312IO514
75I2 78
8i
7412
763*
101
100
118
125 12 Apr '05
132 J'ly '9
J-J
113^8
108 14
10112 103
9II9
II6I4
108 Apr'i'S
100 14 Apr'Oo
92 12 Apr '05
116 Jan '05
J-D
A-O
1183411914 llSkFeb'Oo
llli4Apr'0
111
.4.-0
J-D
9914IOOI4 IOOI4 IOOI4
II418
ll4 Apr'Oo
113=4 1151a
.4.-0
1031
102ial04
Q-M
M-N
12512 126'%
11214 J'ly 'o.s
10734 lo9
9979101
92
115
12
921a
1161a
11814
llSk
IIII4II314
1st g4i2S. 1921 J-J
J-J
M-S
M-N
A-O
A-O
J-J
A-O
M-N
P-A
J-J
J-J
Bdge gen gu g4i28l945 J-J
D 4s guar
1945 M-N
E 3'2 guar g 1949 F-A
PittsFtW&C 1st 7s... 1912 J-J
Series
Series
2d78
3d 7s
Penn
1912 J-J
A1912 A-O
RR
Ist real est g48.1923 M-N
Consol sterling g 6s
1905 J-J
Convertible g 312S
1912
Alleg Val gen gu g 48. ..1942
Cl& Mar 1st gu g4>29..1935 M-N
D R R R <fc Bge 1st gu 48 g.'36 F-A
GrRifc I ex 1st gug 4 123 1941 J.J
99I4IOOI4
103 Apr'05
102 Apr'02
.111 ill
111
106 Jan '05
102 Nov'98
94
94 Mar'OS
97
9734 97 May'O
119
117^8 May'05
11618.
115 .
98<4
.
9934
.
11034
IHI4
106
106
94
94
9834
97
1173411779
IO8I4 Aug'03
9834
Jan '04
Nov'OO
Apr '04
14
Jan '05
II418II418
112i2Apr'05
110 Aug'04
104-2 Oct '04
93
93
127=8 Oct '02
II212 11334
96
102
106
PCC&StLgu4i28A...1940 A-O 11234 U4
Series B guar
1942 A-O 11234 114
Series C guar
1942 M-N 114
107
10434
103-2
101
MN
MS
103
131»4Apr'03
103
10238
93=8
118
.
I07I4.
Con currency 6sreg...j/1905 Q-M
Consol gold 5s
1919 M-S
Consol gold 4s
1943 M-N
May '05
TlronCoal&Colst g 5s. 1949 M-S
•No price Friday; latest bid and asked ttiia week. aDueJaa
6s. .1910
1921
Guar 3128 coll trust reg.1937
Guar3i28Colltr ser B...1941
Tr Co certLf's gu g 3128.1916
C St L cfe P 1st con g 58.1932
Registered
1932
CI & Pgengug4i2sser A.'42
Series B
1942
Series C 3'28
1948
Series D312S
1950
Erie & Pitts g-u g 3 "28 B.1940
Series C
1940
8314
102 105 la
90
85
8712 Apr'Oo
84
89 >2
71 12 109 68
76 14
6934 Sale
68
66I2
68 14 Sale
O'Jifi 567
661a 7212
107=8 Dec'04
102 H J'ly '04
107 May'97
102 12 Oct '03
10612 107
107 May'05
107
105 Oct '00
^1
9312100
9S
9812 i'8
98
1091-2 111
109 12....
1091a 1091a
11034 112
Illiall2 112 May'Oo
102 Dec '03
97 ....
104 14 IO4I4
103 105
1041a ....
9312
87
86
85
86
86
10434
100
UH
105 18
&
Registered
lOSmoSie
107 12 Oct '04
105
10434
119 12 Mar'OS
117-V May'05
11334 Jan '02
NYC
NW
MLSCELLANEOUS BON O.S—Continued
Coal an<l Iron
Ool Fuel Co gen gold 6s.. .1919
C0IF& I Co gen 8 t g 58. .1943
Convertible deb g 5s
1911
Trust Co ctfs
ColIndusl8tconv5sguA.i934
Ist conv 58 gu Series B.1934
Contin'talC IstsI gu5sg.l952
Gr Riv Ooal<£; C I8tg6s..l919
Jeff & Clear C& I Istg 5s. 1926
2d poM 5s
1926
Kan<fcHC<S: Clstsi:g5s.l951
Pleas Val Coal 1st g s f 5s.l928
lenn Coal gen 5s
1951
Tenn Div 1st g 6s
al917
Birm Div Ist consol 6s. .1917
. Cah C M Co Ist gu g 6s. 1922
kDe Bar C & 1 Co gu g 6s. 1910
II512.
II712.
107
Is
RR
Apr'02
"2
124
120
M
OInd
.
107
105
106
124
120
96i4May'04
J-J
%l
.
Goav&08welstgug5s 1942 J-D
Mob Ja Mai Ist gug 4s. .1991 .M-S
Mar'OS
IO6I4 J'ne'04
105
99
97
1917 A-O
J-D
1st consol gold 48
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co Ist g 68.. 1933
Nor Ry Cal See So Pac
Nor Wis See C St P
&O
Nor Mont See
Cent
&
See C C C
St L
Iiio River
Ist g 58.1936
General gold 5s
1937
Ore & Cal See So Pac Co
Ore
& Nav See Un Pac
Ore Short Lme See Un Pac
Oswego & Rome See
O C F & St P See C &
Oz'rk Cher C Ist gu 5s s.1913
Coast Co Ist g 5s
194b
Fac
ac of Missouri See Mo Pac
Panama 1st s fund g4i28..1917
N&C
95
Apr '04
Feb '05
M-N
lien
2d 5s
,
,
124
105 Is Mar'OS
J-D
CB&QcoUtr48 See Gt Nor
St P & N P gen g 6s. ...1923 F-A
Registered certific's..l923
StPaulc&Dul Ist 5s
1931
120''8l22H
II4I4II7
119 121
II7I4II7I4
loo's 10034 12i 99=8 10034
991SIOOI2
100 Apr'Oo
10038
10034 vii 10014102=8
9II4
32
9934 93
92
90
903^ 8914
911-2
10 89
90
89
89 14 91 1«
8934 90 May'05
89 12 Sale
89 12
89 12
8912
89
IO714
107i2Feb'05
IO6I2IO712
102 Mar'04
92
124
'03
IO9I4
Regi-stered
10034 Sale
IOOI4
100*8 Sale
913, Sale
10234
109=8
.
W Ry 1st con g 4s. 1996
A-O
Registered
1!)96
<fe
II5I2II8
110
124
Jan
97 14.
75
101 1^.
Div'll8tl<fc gen g4s... 1944 J-J
<fc
NYCent<feHRivg3i2S.1997 J-J
10034
102
.
<fc
Pocah C & C joint 4s.. 1941
CC&TlstgugSs
1922
Scio V
N E 1st gu g 48 1989
North Illinois See Chi & N W
North Ohio See L Erie & W
<fe
lien g 6s;pl915
N0& N E prior
N Y Bkln Man BcU See L 1
102
99 12
124
120
X-O
113
Nat of Mex prior lien 4^28.1926 J-J
New H & D See N Y N H ti
NJJuncRR SeeNY'Cent
New & Cln Bdge See Penn Co
N
Penn Co— Guar
12-2-'2
28 10814 110
109
5 10778 109 1»
109
25 101) 102
102
1 99I2IOII4
99 V
51 100 10314
101
1 102
102
1031a
High,
<fe
&
L<S; \V
114^4 115
10834
IOSI4
hnin
<fe
Sink fund subsidy g
St List 7s. 1913
1928
Ist consol gold OS
Jasper Branch 1st g 6s. .1923
Al 1st 6s. .1917
1
-High
W
.fe
&
128 May'05
124 Apr '05
96i2Mtty'05
96'4
No
January
106'2Nov'00
<fc
IIOI2
98
10412 110
103 105
116i2ll7ii
Oct
Range
Since
=;i5
Low
124
139
J-J
Y L E & W See Erie
N Y & Long Br See Cent of N J
SeeNYNH&H
NY&NE
New York New Hav & Hart—
Housatonic R con g 5s. .1937 M-N
N H & Derby con g 5s. .1918 M-N
N Y & North See N Y C & H
N Y O W ref Istg 48..irl992 M-S
Regis $5,000 only
^1992 M-S
N Y Put See N Y C H
N Y R B See Long IslaJid
N Y S & W See Erie
N Y Tex & M See So Pac Co
Nor& South Istg 5s
1941 M-N
Norf & West gen g 68
1931 M-N
Improvem't
extg6s..l934 F-A
New River Istg 6s
1932 A-O
9II2
105=8
107
Last Sale
<fe
W&
108
M
NasliChat&
Ist consol 48
L
M-S
M-N
J-D
M-N
M-N
A-O
R
O con I8text58.;il922 A-O
Oswe<fe R 2dgug5s...el915 F-A
RW&OTRlat gug 58.1918 M-N
Utica& BlkRivgug4s.l922 J-J
N Y Chic <fe St L Ist g 4s. 1937 AO
Registered
1937 A-O
N Y €$; Greenw Lake See Erie
N Y & Har See N Y C & Hud
N Y Lack &
See D L «fe
8712
See N Y C & H
Monongahela Riv See B & O
St
P &
Mont Cent See
Morgan's La & T See S P Co
&
?;^
5s
3-.,
.M
Mohawk & Mai
Morris
1940
1940
1951
S 1st g 3I2S
lstg3i2S
1952
Bat C & Stur 1st gug38. 1989
3128...20OO
N Y <fe Harlem g
2000
Registered
N Y<fe North Ist g 5s. ..1927
108
J-J
J-J
M-S
Ist consol 63.1909
W
May'OO
105
M-S
M-N 104
M-N
F-A
Leroy<feCVALlstg5sl926 J-J
F-A
Pac R ot Mo 1st ex g 4s. 1938
2d extended gold 5s. ..1938 J-J
St L Ir Mcfe Sgen con g 5sl931 A-O
Gen con stamp gtd g 5s 1931 A-O
trnilied & ret gold 4s. .1929 J-J
Riv&Gr Div 1st g 4s.. 1933 M-N
Ist g 5S.1926 M-S
Verdi V I &
Mob & Birm prior lien g 5s 1945 J.J
Mortgage gold 4s
1945 J-J
Cist cons g 5s. 1953 J-J
Mob J
Ohio
gold
1927 J-D
new
68..
Mob &
1st extension gold 6s.. /il927 Q-J
1938 M-S
General gold 4s
Montgom Div 1st g 5s. .1947 F-A
St L <fe Cairo coU g 4s..el930 Q-F
Guaranteed g4s
1931 J-J
c& O coll 4s
See Southern
M
MS
Mich Cent
tfc
»1990 F-A
1944 M-N
Ist ext gold 58
St L, Div 1st ref g 48. ...2001
Dal<fe
1st gug 58.. .1940
Kan C & Pac 1st g 4s. ..1990
Mo K & E 1st gu g 58.. .1942
1942
& Ok 1st g-u 5s
K & T of T l8t gu g 58.1942
Sher Sh & So 1st gu g 58.1943
Tex AOkla Ist gug 5s... 1943
1906
lllssouri Paolllc 3d78
1920
Ist consol gold 6d
Trust gold 5s stamped. al917
Reifistered
al917
1920
1st coU gold 5s
Cent Br Ry 1st gu g 4s. 1919
1931
1931
141
141
117
108
121
J
1045« 104 Is
104 Apr '05
108
108
Week's
Range or
12218
Rli 1st 5s. .1934
Registered
48
Registered
104 V
107=8
C'l
McK & Y Ist gu 68.1932
2d guar 6s
1934
McKees & B V 1st g 6s 1918
Pitts
.
J-J
Ist g 4s. ..1990 J-D
2d gold 4s
Mahon
9812 10134
110 110
96
97 14
113 1151.
II2I2II3
115l4ll6'2
.
frice
Friday
May 26
Bid
Ask
West Shore 1st 4s su... 2361 J-J 109
H'SioSale
2361
Registered
J-J
1997 J-D 102 Sale
Lake Shore gold 3123
99-2
1997 J-D
Registered
101 Sale
1928
Debenture g 4a
IO2I2IO5
Det Mon & Tol 1st 78.1906
12412
KaAcfeGRlstguc 58.1938
1301.2
W
MU & Mad See Clilc & N W
MU & Nortli See Cli M & St P
N. Y.
109
109
13134
112 ....
I2H4....
<fe
'
BO.NDS
STOCK EXCHANGE
Sale
January 1
Week E.ndino May 26
High No Low High N Y Cent & H B,—(Continued)
Mar'OS
109
2207
3
1
18
121
119
107
93
9379
Mar'()4
Apr'04
Feb "05
106
107
111 "a Sep '04
106 Aug'03
101=8 Sale
lOSHi
110
99
111
112
IOII4
102
110
102
88 101 14 107
Nov'97
Jan
'05
110
110
111 "a May'05
111
lllia
on Next Paste
Tclesrrapb and Telephone
Am Telep & Tel coll tr 4s 1929 J J
98 la May'05
97
981a
Comm Cable Co Ist g 4s. .2397 J
92 DfC-04
Erie T & T col tr g s f 5a.. 1926 "i J
109 Oct '99
109 12 May'05
Met T <fc T Ist 8 f gSs
1918 M N 109 14
109121091a
N Y cSj N J Tel gen g 58..1920 M N 1041a
IO514 J'iy'03
West Union col tr cur 53.1938 J J 'Ill
lUia IIII2 1 IIOI8II214
105 4 Sale 10434 10518 18 104 12 10739
F<1 and real est g 4HjS...1950 M N
IIOI4IIOI4
Mut Un Tel s fund 6s...l911 M N IO6I4
1 10 14 Mar'OS
North w Tel gut 4iii3 g..l934 J J
103 J'ly '04
.
I
I
I
>lanii(ncturiiis &. Industrial
1915
Cot Oil ext 4128
Am
Q F
.\ni
Al
Hided: L 1st, 8 I g63.. 1919
.\m Spirits .Mlg 1st g6s..l915
Am Thread
1st col tr 4s. ..1919 J J
Am Tobacco 40-yrg68
1944
1951
4s
Consol Tobacco 50-jTg 48.1951
e
8
M S
A
F A
F A
Due May jrDueJ'ne ADueJ'iy
9^3^ 101
9334 May'05
99
9634 IOOI4
97
21
97 Sale
9 6 '4
96 Sale
97
96
94
95
5
87 12 88-. 88
88
87 la 89 14
112i4Sale lllia 112'% 388 IIOI4II8I4
7»34 489 71
7334 Sale
72
77 »8
74
80
79
79
b
84 «i
i>
Dae Nov
£
Option
sale.
—
—
;
Bond Record
2208
BUNUM
stock exchangk
Week enddjq May 26
Penn KK (Continued)
n. y.
W Ist g 48.. 1943
Lewis Ist 4s...l93li
g
SoDiJe
U J
N
(Ve^kTs
Range or
J.J
107»al08'2
101 ....
RR&Cangen48.1944 M.S 1X0
Marq— Oh &
Pere
FUnt&PMgBs
W M 58 192
J
J-D
122
124
100
104'-..
1063<
192U A-O 120 Sale
1939 M-N ll2>-2
Ist consol goUi OS
Pt Huron Div Ist g 58.1939 A-O '114^4
SagTas&H Ist nug 4s. 1931 F-A
W
,'iee Penn ER
Plul B &
Phila & Reading cons 78.1911
Pine Creek reg guar 68. ..1932
Pitts Cln & St Li See Penu Co
Pitts Cleve & Tol Hee B & O
& Cli See Penn Co
Pitts Ft
1922
Pitts June 1st golj 68
Pitts <fe L. Erie 2ii g 58...al92^
Pitts ilcKees & Y See N Y Ceu
Pitts Sh <fe L, E 1st g 58.. .1940
1943
Ist consol gold 58
Pitts & West See B & O
Pitts Y <fe Ash l8t con 58.1927
1997
Reading Co Keug4s
1997
Registered
Jersey Cent coll g 48.. .1951
Rensselaer & Sar ilee 1) <& U
Rich <& Dan Hee Soutli Hy
Rich & Meek Hee Southern
Rio Gr West S^e Dencfe Rio Gr
Rio Gr June 1st gu g58...193!'
194('
Rio gr So Ist gold 48
J.D
JD
1941
B R&P
Rome Wat & Ug See N V Cent
&
Boch
Pitts
BOM)S
A-O
L & Cairo See Mob & Uhu
L Iron Mount See M P
L K C N See Wabash
L M Br See T HH A of St L
January
Low
1
Hiijti
106»4 108 14
123 >8 Jan '05
101 J'ly'04
109 Apr '02
120
120
11234
112 '4
114
114
S Fran 2d g 68 CI
J-J
121
123
112
114
116 Hi
1141.^
A-O
119
J-J
117^4 121
M-N
lie 117
103 Is Sale
J-J
J-J
A
J-D
J-J
J-J
Mar'(l5
J'ly'97
120
98
lOii
99^4 Sale
109
75
92
117
99 Hi
120
1 116
116
16b 1007el03'4
Jau'0.j
loo 100
66 9812 101
9ya,
l-"'^^4
Mar'05
75'4Mar'05
109
76 H;
42
iia^^
116
W2^a
Jan
89
89
K C Ft S & M coug 68..1U.iiM Ky rcf g 4s l>J3(i
K C Ft
ii <te
KC&M K<feBI.stgu6».192i'
St L0UI8 So Hee Illinois Ceul
S W Ist g 4s bd Otis.
St
J-J
.
J-J
.
96
94
96
128
86
93
Nor Div 1st gold
Minn Union Ist g
48
63
bs
g
gu
l'J4,-
M-N
J-J
J-J
J-J
A-O
JJ
(Vl->.
102
102
131 saif
116 i- 117
99
90
A-O
•2
102
104
lo2
«
,
9579
9=514
m\
i^o'-j
S3
Sale
Dec '04
I26I4
Jau'Uu
88 14
8S''4
97 "u
86
82 4
lOSi^May'O.'i
137
140
.
113
llO's.
10u'».
102i'4
.
.
'4
92I4
10
12614 126
88^4 92
14
111
96
iiGiilOl'.i
84
87
aula
^2
S-i',
108
Vi.
98
110
105 Hi
110
112
J-J
102%.
May'06
Ue^sAiir'Ol
llOHiMaVO.^
105 Api'06
106 May'Oi
10434 Mar 05
i'u"
124 "May'OS
135 Jan '05
123" 124"'
110
Jan
108
May '05
iV'iii
110i2ll2-'ii
103
4;
105
10434 10434
135
135
W
f'^h
1(j2=<8
lOJh
95
Mar'Uo
lOit
l'eb'05
07
102
95
iii'^}"'•j.^lar'(l6|.
11)9
lll'iMfty'06
110 .)an'05
109
Jan
^4
Sale
96-»i
102«. 102
9434
Sale
-
12
110
io9">-]
114
110
101
J-D
"S'j'ij'uo"
1^
Salt
F-A
J-D
M-N
M-N *107
Wl-N
103
M-K
'>104
96 14 9812
10 101 102
lC'.i
101
9434 97 14
9 6 '4
.May'06
94
91
.
1121..
110
'VI
112
M
W
J-J
rump lo.yr conv. 6m 'Va J.J
Kiiicker lce(Cliic) Ist g58.'28 .\-o
LackHW .'^teel Ist g 58
1923 A O
Mat Starch -Mfg Co Isl gOs 1920 M-N
Iut St
NhI
8luri;ii
Stan Rope
U
5m.. 1925
ImI K Oh. ..1041
I
.fc
'1'
llicuinu K'old UK
1940
.h l.eath Co m lUeli cH«..)9l;i
Us
U
Com Ueb
J-J
F-A
M-K
h.caltyife
.•'leei
va.C.u Chini col
ir
f)H
g..l9l'2
79
109
94
105
110»h112
"95''.iio6'
Pac HR & gr g 4s ...1947
Registered
1947
1st lien convert 48
1911
Registered
1911
Ore Ry & Nav con g 4s. 1946
OreSiiort Line l8tg6s.. 1922
Ist consol g 58
1946
192H
Guar refund 48
Registered
1929
Un
1
A.O
liKi
19o.s
1st 7s
J-J
J-J
&
1964
114
12314127
ll'^''*
96% 98
114
115% 117
9734 May'06
117
J'ly'OO
100
Nov'04
97
9734
116%116i8
111%112%
21
122
9334 101
'3
112%
101
J'ly'04
123%
123%
120% 123
'4
9334
94
94
93»4 102
11138lll''B.
11138 Apr'05
115
HI
''2
Nov '04
lUH^iiV'^
.M;u'95
'4
May'04
Apr '05
112
-y
U8
112
114
101
.
11534
Apr'05
.
.
116
111
.
'•2.
116
108
11234
94
114
119%122%
Feb '02
Dec '04
Jau '05
lot
110% 112
961.,
96%
9573
98%
95
94 14 May'05
91
95
91%
83%
8578
91
9138
83% 84
981-4
98^4
Hi
113
106 14 hale
9514
lu6'4
10434
JIiiy'06
9
1
S.
84
79,
8 6 ''8
83
97% PS%
98^4
Apr'05
oAW '05
105%
119% bale 116
10434
M-N
M-N
J-D i'oi
F-A 125%
112
113
96% 95%
1067^ 142 10434 108
'-2
103% 105
'4
104-'.)
I21I4 10»j 11278 138%
13734 Apr'05
1163e 13734
li 102% 104
Sale' 10334
iol
125-\
119
9 7 --8
J-J •ili9%
97 'b Sale
J D
126-\
119
98
i
61
124
127%
117% 120
98%
96
J-D
J-J 10934
J-J .112
F-A 104
J-J
112
7 ^8
r/l-N
1 1
F-A
J-J
J-J
108
J
D
Dec'03
112
114%Apr'02
,
IO4I4
104% May'05
115
110
Sale
116%
108%
FA
MS
4s
123% 125
121%.
.
111%.
*
May'O.'i
111% Apr '05
121 Apr '05
112
J-D
Ist lieu equip s Id s; 6s.. 1921 M-S
Ist lien 50 yr g term 4s. 1954 J-J
Det cfc Ch Ext 1st g 5s. .1941 J-J
Des Moui Div 1st g 48. .1939 J-J
Div 1st g 31.28
1941 A-O
Tol cfc Ch Div Ist g 4s.. .1941
StChas Bridge Isl g 68.1908 A-O
Wab Pitts 'Term l.st g 4s. 1954
lUT-.
93',
99%
112
....
86%
97
106
98
Sale
36^4 Sale
108
i-.
74
May'O
110 '4
97
88
95
09 %
94
35
I
94%
116 119 '2
107 112%
90
90
66 '2 8434
102 102
117'.,
Feb '05
102
92
111
107% 110
Mnr'O:
90
70
7334 Sale
104% 104%
Apr '06
9'2
Jlar'oi
10934
Nov'Oj
Apr'O
86
Miiy'05
95
98%
94'-.
9334
95%
37%
35
4579
9'J
110%
88 '8
Mar'03
Hee Del Lac
West
Cent See Nor I'ac
Warren
(;>
<fe
Wilkes it East Hee Erie
Wil cfc Sioux F See St I' M <fc M
Wis cent 50-yr ist gen 4s. 1949 J-J
9476 Sale
94%
947,
103%
103%
2:-
94
119
9834
112
11434
i
'ung
95 >a
102
90% 94 V
»O.M>S—Conchnl^a.
79
99
110
109%
Sep
'78
.
69 2
.
9434
] 06
195
98 '2 Feb '06
10."% 10478
105
91
>4
H7%
Mayo.''
6<;
',
59
Muy'o."".
'.2
108
17 93
4
4
109' 2 1093^ 109
100
%
101
Kair
Sale
93
99 Bi'ale
4
.M.i\'06
101
92%
9;>7^
92 %
93
UU78
9l»'f
10234
110
95
105%
18
15 10434 los
98
....
54% 54% May '05
4
W
'03 ....
2
109%
1948
Cent N J
Am 8S Co of Vag5s....l920
IS'kl'u FerryCo l8tconag68'48
ChicJccfc St Yard col g 58.1916
14
93
92
14
92%
1
99''b
1 1
2
'h
DKi'v
9^'v
973,
101
>.
uiiu BMHeu.
ttUue Jan ((DueFeo
c
Due Mar
(<
M-S
103%.
10034 J'no'02
M.N
70
KA
96
99
74'
May'05
bit' "58*^
'Yi%"8o'*
50
Feb'O-.
J-J
,M-S
JoMCpllSlk Vd8l8l4'.2S.19:iO J-J
.St 1>
106%
10734 Nov'04
74 Apr'Uf'
55
07
F.A
J-J
UeliM it M Idgr incomes.. 191 A O
Hoboken Let 1 gold 08. ..1910 M-N
.Mad S(i Garden ist g 5s. .1919 MN
.Man Bch a cfc Lgeng4s..l940 .\1-N
.-^1
103
nS'ee
87% 9;t
.Newp Ne Ship it D l)6s<n9!lo
69% 70
42% 69% X V Dock uOyr IkI g4»..1951
Providiiit l,o;iii .Soc 4'2S. 1921
1% 8
108%
ic
xw.
col tr g 4a
77% 82% AmDkc&imp58
.
.
"96%"""9'lV'.'
100
Mar'05
112
J'!y'04
94%
98
9fi''»
100
101%.
Ter CujqilesStal'iiii' I'mp
Co 1mIk4%« 5-20 year. .191. J-D
s Viiba Wat <:« con g tiH..192:i J-J
-'p Val Wat Works Ist O.i lHOii M-S
U
•Aio uncc Frmay; iKicBi
Nor
iJi:
Adams Ex
Sale
.
113
79 7^
Sale
»4
.
I eouvil(:bK5s'24 J-J
CoriilO.oo yr5<.(r(i; M-N
ReglMtereil
Aiuil l9'j;. .UN
."»
4s./il94ti
116%116%
>•.
110% M ay'04
106
General gold 5s
Kan &
Ist gu g 4s
Tol P &
l8t gold 4s
1917 JJ
TolStL<fe Wprlieng3'2S.1926 J-J
50.year gold 48
1950 A-O
May'06
May'05
120
Mar'05
116% Mar'05
II514 118
A-O
1935 J-D
1990 A-O
H7%117ia
95% 98%
Apr'05
123
110
114
117
118
100
i>li(«cellaiivoutt
85% Dec'04
J.J
F.A
J
98
11634
112»8 Jau '05
123%
J-J
96% 99
118
Wash
W Hi'e isoiithern
Wash
88 Salt
97 88
8S5
Maryland Ist g 4s... 1952 A-O
88
West
94
118'8
118
119 Apr'('6
109 Feb '06
10878 lll^t, WestN V cfc Pa l8lg58..193( J-J
6
96^4
95
1943 A-O
9 '4 .May'Oi
Gen gold 3-48
10134 40 look's 104
lOiSft
27
40 ALar'Ol
<il943 Nov
income 5a
99 '4 Mar'Oii
South
Ky
No
Car
^ve
West
90 .May'O,".
8838 90
HI
lOSls Mai'06
108^,1107^ W VaCeiittfe P 1st g 6s. .1911 J-J 112 112% 112 May'O;.
114%
Wheel'gcfc L K Isl g58...1926 A-O 112% 113% 11434 Mai '05
103 Sep '04
110 '4 May'04
Wheel Div 1st gold 68.. 1928 J-J 114'4...
Feb '05
11312 116
115
113'"
114"4 AIar'(t5
Exteu & Imp ijold 6s. ..1930 FA
110
110 Apr '05
lo9
92
94
94%
1949
%
Sale
consul
M-S
04%
Ist
48
RK
107 '4 F'eb'06
105 >2 107 '4
102
102 Jau '06
20.year equip s f 6s ...1922 J-J 102%
103 Hi J'ly'04
112
112
.\-o 110 4 110^4 113
Dec '04
A-O
.loos. 100 May'UO
Nl-K *
127 '2 Feb'Oj
. 126 '«
A-O
.1
117%120%
11 634
98%
93
109
FA
JD
97 14 338
114
125
127
130
58. ..1936
Om
'03
120%
'
1<2
F-A
F-A
J-J
La Div B L 1st g 58
1931
WMinW<fcNWlstg-u58'30
T0I& O C 1st g 5s
1935
98%
Apr '05
116
'-2
"9 7';'
2000 J-D
92000 ;Mai
Ist gold os
i'eb'04
98
118
93% 98 Feb'0^
108% Mny'05
1083s
lU
110
lie-.,
110%
Gold 5s
1926
Uni N J HH cfc C Co See Pa RK
Central
Utah
See Rio Gr Wet^
Utah cfc North A'«e Un Pacitit
Utica <fe Black R See N Y Ceiii
Vandalia consol g 48
1955
Registered
1955
Ind
l"
er
Val
ifc
W
See
Mo
\/
108 108
' irginia ^Iid
.S?e South Ky
Va & South w't 1st gu 5s.2l)0;,
1939
8434 92
Wabash Isl goiil 6s
2d «ulil 5s
1939
10434
102
193'9
Debenture
series
A
98'\
95
beriesH
1939
109 109
.»ll.st;i':i,I.AMi()lJ!S
Cor conv Ist g 5s. '27
DiHUllorAmercolltrgu8.1911
inl Paper Co Isl con g 6H.1918
CoiiKol conv 8 f g 5s
1935
96
F-A
J-J
Utah
"''1
,
II6I4
llS's
1211% Sale
113^4
125
12iJ%
11634 8ale
I10»e
Ill
110
109%
il2%
108% 108%
112
May'06
117% Mar'Oo
98% 98% Mar'O
90% Deo '04
112%
114%115%
Tex & Pac
108%lU9--'3
108
9934
11734
9734
M-S
M-S
M-N
M-N
2d gold
tk liiiliiHirinll
Tobacco registered 481951 F.A
Distil .Sec
99 %
J-J
J-J
J-J
J-J
1921
1926
1936
Guar stamped
1936
O <fc
Isl cy gu 4s. .1924
West is' C 1st con g 68. .1914
i>liiiiiilnctiii-iiip
Con
JJ
M-i-
llSi8ll8it
'04
85 14
102
1941 J-J
W
M-S
1927 A-O
1948 .U-N
1919 M-N
W
il4%il5"
103
•98I4 99
11838,
Ulster&Dellstcongos 1928 J-D
1st refund g 4s
1952 A-O
Wtty'02
llli4May'03
111^4,
So Car <fc Ga See Southern
So Pac Co— RK Ist ret 4s. 19r>o J-J
CoU tr g 4128
luuo J-L
Gold 4s (Cent Pac coll)./il94;' J-D
Registered
kVJi'j J-D
Ist ref gu g 48 194',i
Regisleied
1949
Mori guar gold 3 i28..A:1929
Gal liar & S A l8tg63..1910
2d gold 78
1906
Mex & Paclstgos
1931
Qila VGifcN Ist gug 58. 1924
H0U8 E 4fc
T Ist g 5S.1933
l»t guar us red
1933
H <fc T C l8t g 5k iut gu..l937
Consol g 68 iut guar. ..1912
Gen gold 48 mt guar. .1921
WacoikN
div Inly Os '30
. .
101
91 1«
106 108 '4
109-%
109%
102', 102%
109% Feb 05
C 68. ..1916
Tor Hanicfe BuBlstg
lOSSelll
136 138
ADr'05
<fc
Cent Pac
Ist g 5s
2d gold Luc 58
telir
W lstgug58
J-J
J-J
J-J
1 1st con gold 5s
1894-1944 FA
Gen refund s 1 g 4s
1953 J-J
St L M Bge Ter gu g 68. 1930 A-O
100 ^
Tex & N O See So Pac Co
102
88 14
118'6Feb'06
117 Jau'04
119 "a.
<fc
A<k N
F-A
.M-S
Jiigh,
><8
Oct '04
112% Feb'05
Ill II3I4 108% Mar'05
ligTeSHi^ II9I4 120
& N Ala See L<fc N
Spok Falls <fc Nor 1st g 68.1939 J-J
Stat Isl Hy Ist gu g 4 1-28.. 194:-! J-D
Syra Biug & Xs Y See D L <fc W
'I'er A of St List g 4 128.. 1939 A-O
134^4 X>ec'04
II9I4.
102-'b Sale
192L
104»t.
101
111^4
85>-.
1943
10434
9 '9
98 >9
86
83
13S
Ga Ala Ry 1st con 5sol94u
Ga Car & No Istgugos 192SI
& So See M K & T
8U Sp uca G Hee Atl Coast L
Sod Bay & So Ist g us
192-4
g 48.
Apr
102%.
JJ
Low
101
K
'0.''>
10938 Jan '05
r29>2l32
901,
96
108V2.
137^6
&
Roa IstSs
st
'4
101
89
100 ....
102 14 Mar'o5
103 '8 10338 104% Dec'04
lllSi ....
115 Mar'05
111%....
114% Dec'04
11234 ....
119 Feb '04
108 ....
IO908 Apr'05
lb 112ii£ll6
&NE
Consol gold OS
& Ga
1
Western Div Ist g
1937
193 V
1937
feu l8t_g6s.l91^
Ist land gr exl g 5s ...1930
Sher
131
llo'4
89-'
02
104
1
Feb '06
II5I4
100^4 May'Oo
icl lSlay'115
% Sale
liJ2L
See Xor<fc V\
Seaboard Air Lino g 4s ...195U
Coll tr lelund g 5s
1911
Car Cent Ist con g 4s. ..194'.'
Seabrfi
if)
131
Sale
122^4'
cfc
Cen
ifay'Oo
A-O
StP&S'xCity -beeCStPiU&o
Salt Lake C 1st g s f 6s. ..191:-. J-J
S Fe Pres & Ph l8tg58...194L M-b
S A <fe A P See So Pac Co
i< P 1st sink 1 g 5s.l91'.i J-J
S F
Sav F' & West See Atl Coast L
ITla
123
A-O
A-O
Registered
1st guar gold 6s
WiU<fe S F Ist gold 6s..l93,~ J-D
St P <& Nor Pac See is or Pac
Scioto Val
eck
89%
89 h
A-O
A-O
A-O
A-O
M-N
M-N
J-J
J-J
1916 J-J
6s
Sale
108
S
M
IstgOs-.l'JU."-
ftl
W
A-O
198'. M-N
L.
2d g 4s luc bond ctls...2;Ui«i' J-J
193'.' J-D
Consol gold 4s
Gray's P t 'i'ei 1st Ku gas IM-i'i J-D
St Paul & Dili Hee iS'or Pacihc
& Man 2d 68...19uip AO
St Paul
193;; J-J
Ist consol gold 68
Registered
193.^ J-J
Reduced to gold 4H!8..193;i J-J
Registered
1933 J-J
1910 AI-N
Dakota ext gold 6s
gold
ext
Ist
4s
1937 J-D
Mout
Registered
1U37 J-D
EMiun Ist div
&
Virginia Mid ser
Series D 4-68
Series E58
General 6s
May'04
101'4>;ov'01
J-J
101
89
J-J
J-J
J-J
J-J
A'O
Since
January 1
Dec'04
Sep '04
Jan '01
122
106
113
101
114>.i
GaPa« Ry Ist g 68
1922
Knox & Ohio Ist g 68. ..1925
& Dan con g
Deb 6s stamped
Ask Low
Hiali
129% N0VO4
IO314
J-J
5.»
aj-o
Last Sale
J-J
Yad I8tgguar4s.l949 A-O
Greenv Ist 68
1916 J-J
E T Va & Ga Div g 58.. 1930 J-J
Con 1st gold 58
1956 .M-N
E Ten reor lien g 58
1938 M-S
Rich
Week's
Range or
129^8
AC
Range
Price
Fridav
May 26
Hid
&
Col
So Car
103:'4
J-J
AG
Atl<fe
109
77
89
109
75
'0'
1912
Con gold 5s
1943
Southern— Ist con g 5s
1994
Registered
1994
Mob & Ohio coUtrg 48.. 1938
Mem Div Ist g 4^2-58.. .1996
St Louis div 1st g 43
1951
AlaCen R Ist g6s
1918
Atl & Danvlst g4s
1948
2d 4s
1948
Ricli
5-year frold notes 4'2..iyo- J-D
1st
1 St g 68 series E<fe F...1912
1st gold 68
1912
Ist con guar g 58
1937
Stamped
1905-.. 1937
S Pac of
Mex Ist g 68. .1911
Tex
1905
O Ist 78
N
&N
120 Oct '01
112'2Dec'02
.
A-O 109 "a.
B 190G M-N
19Ut
2d gold 68 Class C
1931
General gold 6s
General gold Ss
i93J
48..'9ii
St L cfc S F HH cons g
Soiithw Div Ist g 58.. 194';
1951
Refunding g 4s
Ist 78.1918
.
1191.2
11914 Apr'04
137 JSov'97
132
(Continiied)
T
Ist gold 6s
1920
1st gu g6s
1907
Guaranteed gold 5s
1938
Ore <fe Cal 1st guar g 5s. 1927
S A & A Pass 1st gu g 4s. 1943
So P ot Ar gu 1st g 68. .cl909
1st guar g 6s
cl910
S P ot Cal 1st g 6s ser B.1905
1 St g 68 series C & D...1906
123J«123't»
<fc
Monte
Soutliem Pac Co
Morgan's La &
Noof Cal
<fe
L&
STOCK EXCHANGE
Week Endino May 26
N. Y.
Since
Hee
1941
Rutland 1st con g 4128
Rut-Cauad 1st gu g 4s.. .1941'
H
See
Pere
Marq
Tub
&
Sag
.w t Jo & Gr Isl Ist g 48. ..1947
St L&w & Adiion 1st g 6s.l99i
I9yt
2d gold 68
St
St
St
St
St
High
May'05
Vol. lxxx.
4
Sabine Div IslgOs
W
Guaranteed
10fc»4
11
a;*
llO'aSep'04
....
Fensacola <fc Atl 6'ee L & is'asli
Peo & East S«e C C C & St L
Peo<fe PekUnl8tg68....1921
&1921
2il golil4>s8
Last Sale
Ask Low
Bid
PUiUBalcfe
—Concluded—Page
£ange
Price
Friday
May 36
1
.S
Kedife Itel
Due .Apr
1
Mt h
1
u
6>'.19;il
/iDuojly « Duo Aug
Due Oct p Dim
li3%J'ly'00
95%
96
.Vor 9
8«'S.
97
Due Deo jOptionsale
.
OHIOAaO STOCK EXOHATTGIE-Stock
Record-Daily, Weekly and Yearly
1
STOC£S—BiaiiEST AND LOWEST SALE PRICES
20
Mo7idav
May 21
190
190
Baturday
May
Thursday
May 25
Wednesday
May 24
Ttiesday
May 23
Friday
STOCKS
Sales
CHICAGO STOCK
Of the
Eanfie tor Previous
1905
Year (1904)
Week
EXCHAKGE
May 26
Mange Jor Year
Lowest
Shares
Highest
Lowest
Highest
Kailroads
•
"£v%"^V'\
"eo^rei'^s
•
8
*
•
38
»
7
3934
8913
89><!
22
22
''.'.'.'.'.'.
61»3
61>2
*
•
"ii"
62's
2212
60
-96"' *92"'
9234
*28ii2
991a 9934
•
*40
50
50
•130
G5h.
*«2l8
130 130
53 14 531a
105 105
''.'.'.'.'.'."id"
110
60
*52
60
•5'J
•10
*i6"
'".nil!
*
«52
'.'.'.'.'.'.
'lo'"
"'4
155
130
130
97
•95
•140
45
130
96
140
46
96
*
IM
"is" "20"
•r8""*20"
511a
Last Sale 198
110
60
Last Salt
Last Salt
•55
110
60
•52
'.'.'.'.'.'.
•"l6"'
'Las'tSaie
'.'.'.'.'..
*\
/S-a
Last Sale
LastSali
•155
•41
•150
45'-,
124
96
141
*
96
140
Feb'''o"5
1
Jan
Jan
7
'155
•44
140
May'05
/;;ia
66 iv
'Last
's'a'ie ;s'""'M"a'r"''o"5
LastSale rVa
LastSale 17
Last Sale
Apr '05
J'ue'04
Dec '04
.9
Last Sale. 46
Last Sale
59""
'Ky's'eo"'
117
117H II7I4II714 117
60
•
60
'
*
115
iO
59 "a
591a 60 '6
116i3ll6'-i •116=8
""6"o"""6'6">C
llOiallBia
•57'a 60
116 118
117
60
115
May'05
May'05
Nov'04
i
LastSale
"5878"'5"y'^
"6014
'05
'05
45 4;
134
96^1
95
110
llO'g
661a
"io"
May'04
lb""
451a
96
140
"i^"
•"iii"
105",
Apr '05
May '05
Apr '05
W6
134
96
•
Last Sale
*"l"8" "ifo"
52
'1031a
4U
131
97
I4OI4I40I4
'"66"
621a
LastSale
134
1401?
52ag
"40" •!I!""4"o""
*6ia
*155
451a
129
521a
105 105
-34
*6l2
*6Vj
155
LastSale S2^
5314
<
66 14
May'05
66
68
6738
'u"i4
"loTg
"ii""n'\i
68
6718
•82 ig
67
65
*82
'130
52 1-, 53
•
ri""ni4
"lO's'Vi"
67I2
yo
117^4
Do pref
National Carbon
100
100
100
100
117
i'lf" i"i*s"
Do pref
LastSale .534
May'05 Page Woven Wire Fence
Do pref
.99"4""'
Las'tSaie
M*a"y''o"5
i'oj" iof'k;
79
i'o"?"' i"o"7"i^
i"o"7""
iW
-75
m""
79
79
813^
St Louis
i'o'i"
i"o"7""
85
80
91 la
90 Sa 92 la
10
*
Si
"
37
"'\K
9312
"*'i'e'a"'i\
10^8
11
11
37
36
36
Ohicafijo
1034 11
361^
80
92
'd'6\i
BONDS
1
4-4US B B B
4-403 Series
4-608 Series
4-8O3 Series
People's Gas
C
E
F
L&C
,
"2"5"6
Week's
Range
Since
Last Sale
January 1
a*)
Ask Low
Bid
106
991a.
103
.
104
J-J
J-D
64i-jApr'05
1041a 103 14 Apr '05
104 .'Vlay'05
102
98 Feb '01
65
t
97
J-J
J-J
100
J-J
t71
la
....
Wl-N
A-O
'9"8ia
J-J
971a
Feb *16
94I4
F-A
Xo. Lotu
J-D
J-J
J-J
A-O
M-N
M-S
F-A
M-N
100
Do
pref
100
100
..
Uiiicago City
Chicago National...
Chicago Savings
IO314IO3I4
103 104
Commercial National..
Continental National..
Cook Co State Savings
Corn Exchange Nat...
Drexel State
Drovers Dep National
First National
661-2
62
03 1^10412
L04 Is 10134
1
10034 Nov'04
t
97
92
9434
90
100
71
79
80
lOO^B
73
Nov'04
Nat Englewood
Foreman Bros B'k'g Co
lOO'sFeb'Oo
98 la May'05
97 la May'05
16
16
9434
941a
bS^i May'05
98
96
80
68
Fort Dearborn Nat...
Hamilton National ...
Hibernian B'k'g Ass'n
Apr '04
106',
May'05
96
106^8 I08I4
100^8 100 -fe
98
97
97I4 981-2
16
16
941a 961a
80
901a
Home Savings
100
99 14
95
94
921a
95
93 14 9534
88
961a
99 14 May'05
99
9934 May'05
9934
99^6
9934
Milwaukee Ave State.
Nai Bank of Bepublic
Xatloual Live Stock...
North Side State Sav..
Oakland National
Peoples Trust &, Sav ..
Praine National
Prairie State...
114
81
Nov'04
J'ly '04
la
100
......
Pullman Loan & Sav..
South Chicago Savings
State
99
100
Bank
JIanufacturers
'-2
92 la May'05
93 14
931.
91 la May'05
100 Apr'05
10034 Apr '06
12334 Apr'05
10634
106 '4
108 IO8I4 IO8I4 May'05
107^1 107 May'06
10314
IO314 Sale IO314
10234
10234
10234
10634
IO634
106 Hj
II
3134
82 Is
130
57 AlaroO
Jan
!^t
"'4"6"'
19
82
183
Jan""4 33
106
May
J'ne
2
Apr 15
Marl^ 120
62
150
10
J'ly 12334
Jan
10
Oct
10 1« Nor
1
Jau
Feb
II4N0V
Jau 5
Jan 18
Jan 20
1
7
40 la Dec
Aug 94i4 0ct
Mar 198 May
Nov 40 Nov
10034 Mar 110 Feb
Feb
52
62 Aug
105iaMar27
8 Feb
1731a Nov
la
J'ly 36 Nov
143'aFebl7 115 Mar 147 la Nov
10534 Mar 6
86 Feb 108 Oct
1423b Apr 15 12oia Feb 142 13 Nov
3 la Mar 121a Dec
11 Hj Jau 16
71 la Jan 16 381a Mar 76 la Dec
7
May
Feb20 140
Mario 18
172
52
""l"9"Mar"24
7334 Mar22
May
46
lO'i^D'ec "l'2""6ct"
J'ne
62
20
7% Nov
9
Aug 51
42
6
Jau 30
2
Jan
50
17
134
20
36
Jau 25 65^4 Apr 3
219 114 lo Jan 5 120 "a Marl
75 41 Jau 25 67 Apr2u
22 110 Jau 5 116 la Apr 27
Apr2u
b\ May 19
5
3",i"i"4
tj
Jan 120
96
Feb
Jan
Deo
Jan
2i4Jan
Apr
Nov 25 Sep
Jau 581a
991a Jan 1161a
25i4Mar 461a
54
""9"9^8Mayl8 11634" A"pr""8 "9"8»8Fe"b i'l6i4
478 106 FeU25 114
500 46 Jan 25 86
102 86i2Jau 4 97
Jau
Dec
Nov
Deo
Sep
Nov
99 's Apr llOiaNov
3534 J'ne 471a Jan
75 J'ne 87 Nov
y
Apr 7
Apr 10
7
450
51
l'aFeb2u
10
23
2
Apr
3
14
Oct
10«8
Dec
Nov
141-iApr 3
7
J'ly
J'ly
2034
Jau
Feb 15 3? la Apr 14
14
Sep
251a
Dec
Jan
3
la
34
3-*8
.Slock
Bank of Chicago.
Yards Savings
..
Union Bank
Union Stock Yds Stale
,
Last Paid
In Per1904 iod
q-j Apr
'05,
J-J Jan
Q-J Apr
'05, 4
'05, 3
Q-J Apr
y-j Apr
J-J Jan
Q-J Apr
Q-J Apr
Q-J Apr
Q-J Apr
J-J Jau
'05,
'05.
'05,
'05,
'05,
'05.
'05,
'05.
3
3
Q-J Apr
'05,
lia
j-'j"
'05. 4
'05, 5
'do. 1
'05. 3
2
3
2
3
3
lia
2
uk
Jan
J-J Jan
Q-F May
J-J Jan
Q-J Ai)r
Apr
Jan
J-J Jan
'05,
lia
'05, 3
'05, 3
'05, 3
y-j Apr '05, '>
Q-J Apr '05, 2
Jan
Q-J Apr
'05,
'05,
1
l»a
19( 6.
10034
12334 12334
Amer Trust
105 la 107 89
Central Trust Co of 111
Citizens' Tr & Sav Bk.
colonial Trust & Sav..
108 -^
106ial07ia
1023, 104 'e
102 la 103 Is
105 la 107
107-'4
Dividend Record
Jn
19U3
2,000,000 ^1,071,611
2;i,01ii
100,000
200,000
143,388 13
8+5
15
12+3
1,000,000 1,402,444
fc 500,000
fc64,53»
'i'f
2,000,000 1,783,400 "i'J
8
8
3,000,000 1.327,^81
5,6117
6
6
50,000
12
3.000,000 3.567.276 12
6
200,000
15,586
6
8
600,000
273.089
8
12
8.000,000 6,215,626 1112
107,529
10
100,000
6+4
Priv ate Ba
640,546
500,000
6
l.UOO.OOO
202,737
6
142,224 "8"
500,000
"a"
1.000,000 1,030.106
149,618 10
10
100,000
1;^UI4
200,000
264,022 "ii
""e"
250,000
95a.827
6
6
2,000,000
15
1,000,000 1,291,452
12+3
6,033 "'{)"
50,000
6
49,489
6
50,000
7,80(.
200,000
New Bank
65,90U
250,000
66,234 "s
250,000
'IT3"8
175,511
300,000
S
8
200,000
29,906
5
594,422
1,000,000
250,000
85.786
-25.001. Began ifayl.
200,000
11,48200,000
New Bank
<fe
Savgs
2,000 000
2.000,000
200,001
200,000
200,000
Drovers Trust & .Sav..
500,000
Equitable Trust Co. ...
Federal Trust & Sav.. 2,000,000
First Trust & Savings 1,000,000
Illinois Trust & Sav.. 4,000,000
250.000
Jackson Trust & Sav..
'200,000
Kenwood Tr <fc Savings
Merchants' L'lufeTr Co 3,000,000
88 Nov'04
l8t 5s
1928 M-N
96 May'06
94 100
94
Tunnel Ist 58
750,000
1909 F-A
.M otropolitan Tr & Sav
70 May'04
70
90
Debent 68
"'So" Northern Trust Co Bk 1,000,000
1914 J-D
90
Feb
'05
so"'
90
Console 5a
90'^ Koyal Trust Co
500.000
1936 M-N
80
80
80
85
"West Div City By 4 las.. 1932 J-J
1,000,000
90
97
Union Trust Co
90
90 May'05
West'rn Stone Co 5-20 58. 1909 A-O
100 Jan '04
Western Trust & Sav. 1.000.000
Note. — Accrued interest mus t be added to all| Chicago bo nd price 8.
200,000
Woo<Uawn Tr<fcSav Bk
Also paid 12'a%in Use, IJOJ, in stock of ViTst Trust Ji .Savia:<3 Biiik.
I uohnlos special divi laud ot 30'^
• Bid and asked prices; no sales were made oa this day.
t No price Friday; latest price this
" weals.
aDueDec31.
ftDueJune. cDuoApriL
ADuoJuly.- fc Capital and saro'' -*"''
West Chic St
'""3"i^Jan
73''QApr2.-
OutstandSurplus &
ing
Profits
Stock
Bankers National
Calumet National
High
99ialiili4
.
J-J
pret
First
M-N
90
92 Ki
93',
M-S
93
8978 90
M-N
100
1916 J-D
99 14.
19-20 M-b
F-A 9913 9934
M-N
M-N 100 la
Ist 68.1943 A-O 123 >a
1947 M-S 106 107
Befunding g 68
Chic Gas Lt&C 1st 58.. 1937
Consumers' Gas Ist 58. .1936
Bouth Side Elev 4 "as
1924
Swift & Co Ist g 6s
1914
Union El (Loop) 5s
1945
Union Pacittc conv 48 ....1911
U S Brewing 58
1910
United Breweries Os
1928
U S Steel Corp 2d 58
cl963
Do
na:»ie
1001*
M-N
M-S
M-S 1061a 107
J-J
J-J
101 Apr'05
103i4Fob'05
101 May'05
103 Apr '04
"l2iaDeo
6434 Deo
May
40 Mar 79 la Deo
Mar20 II514 Jan 1231a Sep
'"l4'i^A"pr25
at St'k i'dslOO
Western Stone
.
J-D
J-J
High
"156
Chicago Banks and Trust Oomnanies
Range or
A-O
5s. ..1929 P-A
1929 A-0
Chic Auditorium 1st
Chic Dock Co 1st 4 8
Chio Equit Gas 6s
1905
Clue & MUElec By 58 ....1919
Chic Pueimi Tool Ist 5s .al921
Clue Kock I & Pac KB 43.2002
Collat Trust g 5s
1913
Commonwealth Elect 5s. 61943
Kans City By& Lt Co 5s. 1913
Kuickerb'cker Ice Ist 5s. 1928
Lake street El Ist 58
192b
Income 58
1925
Heir \V Side El Ist 48. ...1938
Extension g Is
1938
Korih Chio St 1st 68
1906
1st 53
1909
Befundtng g lias
1931
No Chic City StEy 4'a8.1927
North West'n El 1st 4s...l911
OgdeuGas 5s
1945
lO'e
361a
P^ice
711926
Pearsons-Taft 58
1
20
210
300
"'i\ Unit'd Box Bd & P ColOO 1,190
'"i'%
lO'a
Friday
May
Amer Biscuit 63
1910 F-A
Amer Strawboard 1st 6s. .1911 J-J
Cass Ave & F G (St L) 53.1912 J.J
Chio Board of Trade 4s ...1927
Clue Consol Br & M It 6s
Chio onsol Trac 4 las
1939
Chic Edison debent 6s
1913
Dec'''04
361a *
•
i\
Co
100
The Quaker Oats Co. 100
Do pref
100
tJn Stock Yds(So Om)100
Union Baa & P Co ... 100
Bond Record
CHICAGO STOCK EXCH'GE
Week endi.vg may 26
1st gold 53
"6'«5
Is
100
i'o'f"" S-ttTlt<fc
LastSale W<^"
134'
'b'j'ei,
People's GasLcfe C'kelOO
fuLlman Co
Aug
'"''734
Jan "e "6"Sep ""S "Nov
Apr 8 24 Jan 3] 23 Sep 27 Nov
53 MarSl 6434 May26
7 Apr is 13 '8 Feb 3
4 Feb 15 Nov
30 Aprl8 51 Feb 2 27 la May 45 Nov
Jan
30
9 41
May is 28 la let- 31 Dec
82 "a Jan 4 8yiaMHyl2 so I4 Nov 8.') Nov
20 Jan 18 24 Is Marl? 15 Mar 26 Sep
SgiaJanlO 66 Mario 41 Mar 68 Oct
67 MaylO 99 I'eb 2 65 Mar 88 Sep
21 May 23 241-2 Jan I'l 15 Jan 2634 Nov
60 Mar27 66 Jan 5 44 Apr 67 la Nov
90isMayl7 97i4Mar2(i 90 Mar 981a Nov
28 Feb 24 2914 Jau 4 28 Jan 34 Oct
97 Feb 3 I03I4 Mar21 82 la Apr 103 J'ne
45 May 2 72 Feb 3 38 Apr 561a Sep
19
pret
Xational Biscuit
Mar 190
155
1
"6""Ma'r"2'8
.
Do
Feb
199
5
Miscellaneous
100
AUis-Chalmers
100
Do pref
100 5'4"o"4 ""9iaF'e'b"9
American Can
100 6.158 60 Jan 25
Do pre£
100
76 Jan '24
Amer Radiator
100 "'ii/u 125 Feb 21
Do pref
1.'280
100
Ship
bldg
38
Jan 19
Amer
100
I'io 98 -a J an 17
Do pref
100
AmerTcfc S Bank
100
Booth (A) & Co
38 Jan 4
100
105 Marl 7
Do pret
55 Apr 20
Cal & Chic Canal cfe D 100
CentralTrust Bank. .100
1481a Feb 23
10 Jan 5
Cliicago Auditorium
1
Jan 18
Chic Brew'(?<fe Malt'g
7 Jan 20
Do pret
Chic Ellison
100 ""dii 153 Jan 25
556 32 Jan 7
Chic Pneumatic Tool. 100
60 125 May 4
Uhic Telephone
100
235 95 Apr 6
Ghic Title & Trust.. .100
391 134 la Feb 1
100
Diamond Matcli
Jan 4
Illinois Brick KecptslOU """"20 10
61 Apr 14
Do prof Becpts.. 100
Kans City Stock Yds. 100
'li'"Feb"6
Knickerbocker Ice. . 100
100
Do pret
63 Feb 15
London & Ciiic Contr
Manufacturers' Fuel
"4"4"'^Maf2"'7
Masonic Temple
2
Jan 30
MUcfe ChicBrew'g
60
60
Jan
180
'.'.'.'.'.'.
"lOii'li"
67 14 68 14
190
190
W
36
40
70
•21
•58
•91
•28
LastSale 196
100
Mar'05 Chic City By
Uluo Consol Trac
100
Cliio Pass Ky
Last 'sale S
100
May"'05 Oliic & Oak Park
Last Sale Jl\i May'05
100
Do prei:
62 14 63
100
6234
"eoi^'ei" "6"i'i^""6*2">a
6434 Chicago Subway
•
•
LastSale 738
May'05 Chic Union Tract.. ..100
8
7
LastSale
100
Apr '05
Do pret
"3"9"'
39
40
40 Kans City Ky & Ll ..100
'Wh
pref
100
Do
"23" '"23" "ii" "ii" •"";i"2'3"" *"2"2'* '23" MetropotW S Elev..lOO
*61ia
62
62
100
62
Do pref
•611a
611a 62
•60
LastSale 6?
May'05 North Chic Street.. ..100
65
70
-^2
21
21
la
Elev..lOO
-Northwestern
2113 211a
21
21
221a
Last Sale tiO
Apr '05
100
Do pre!
*"9'6"' '.'".'.'.
Last Salf y2
May'05 Sonth Sifle Elev
100
'*W
*28ia
LastSale ^Sia May'05 Streets WStable C L 100
*28
I0OI4
9934
100
i)9\i 9934
9914 9911; 100 la 100 la
Do pret
LastSali 45
May'05 West Chic Street
100
40 50 •40
'
1|
1,374,721
6
881.323
1
New b
97,092
5
44,73^
6
450,000
8
850,544
595,680
6,188,033
16
65.174
12,9*8 Began
3,583.904
12
231,537
6
1,681).503
8
427.604
6
630,140
202.268
6
20.000 Began
leolaroil
Aug.
Q-J Apr
Q-J Apr
'05. 2
'05. 1
Q-J Apr
Q-J Apr
M-S Mar
Q-J Apr
'05. II4
'05, lia
•05, 4
'05, 1
12+4
Q-J Apr
'05. 3
Jan
190 o
7
4
ank.
5
6
8
4
3,
12
Apr
6
f.i Jan
y-j Apr
8
6
6
.Mayl,
lo, luol.
F-A Feb
'05,
'05.
'05.
'05,
3
3
2
3
Q-J Apr
'05,
14
190
5.
SS
S
SS
SSs
SS
S
BOSTON STOCK EXOHA.NGE-Stock
fShare Prices— Not Per
Monday
Saturday
May 20
May
yfay 2 J
STOCKS
Thursday
May
J^iday
May
'-'5
7779
78
78
78 S 79
10114101% '101l4l(.lS
256 257
256 S 250
'156 157
157 157
78
256 S;
*2o6
«157
157^12
177
*
*307
»30>2
77
171
77
170
176
174
3u
76
169
;;0
76
'168
•lti6S170
125 125
*187
187Slb7S i87si87"s
•i87sl!!!'".
--90
144S144S 144
75
75
75
91
911s
'290
•144
»290
*290
•144 12
•72
•91
•246
176
174
•307
'246
176 177
175 175
•307
30 S 30
77
77
*245'2
75
«
•16
*60
61
*iyi2 20 s
19t)78l97
19.'» 79 S
7934 7934
IOII4IOII4 -H1II4 10134
256 266
256 •/:">6i.
•166 157
157 157
•246
246 246
176 176
174 174
171 171
•307
Lasti^aie
30
30S 3012 30
*76S 78
•76S 78
•16US170 •16S 171
144
75i«
16
16
16
6L>
58S 59
n8S
19
S •18S
S •19S
19514 196
lJ5-'4 19634
i.asi
.'ia l^e
hast .Sale
74 S
16
19
!!!!'.;
145S •144
75
75
91
-91
92
185 185
16
16
59 S 60
911s
5934
n87"s
196
196
S
•
U5i4ll8'f
*95S 9oS
lie's li^'^t
•97
\>i\
•173
-173
*96
•116
*95S 96^
97
llli'-.
•116
116
ifi
16
17
60
'iO
*78
80
•60
61'
98
98
llbS121
*96
9634
Last Sale
9618 96 S
li6S116S
Last .Sale
Last.^aie
LastSale
8anta FelOO
100
Boston & Albany
Boston Elevated
Boston*
10(
100
100
liowell
Do pref
100
*i87S '..'.'". Con<fe Mont Class 4. .100
/66S Apr 'Or. Conn & Pass Riv prel 100
Mar'05 Connecticut Kivor...lOO
144 intchburg pret
100
vy.o
Ga
76
92
16
19.S
&
prel
Boston <fe Maine
lOU
174S
100
Do pre£
ib's'jil&y'Od Boston <fe Providence 100
29
29 BosTon&Wor Elec Co
Do prel
in" i'ii" Chic June By & U S YlOO
75
92
Last Salt
Last Sale
-95 S 96 Si
9018 96^4
•116 116S •116
156
241
175
1.''6
1241
-75
*91
20^: S 208 S
J,a St .Salt
•
Do
Ry<fe Electric. ..100
100
Do pret
Maine Central
100
Mass Electric Cos.. ..100
^
l;-7
208 S 20s S
100
•78
M)
58
68
'15
•
54
*ti8
99
II514 1173s 117 12U
96
96
96 S 96
-
Atch Top
144
10734 10734
233 233
20tfS
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7 14 Apr 18 •62 S Feb
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6 1,000
28
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2,495
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101
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10
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1,525
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173
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100
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948 38i4Jan 6
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191
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100
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100
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230
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219
100
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107
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159 Aug
233
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212
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25
211
22
132
134
139
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154 OCD
127 Dec
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162 S J an
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1
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88 Dec
13 175 Jan 24 186 Mar 9 170 J'ne 175 Aor
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89
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93
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50
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24
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158
166
295
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85
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23
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82
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Lowest
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5934
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100
1934 May 1
Mav'05 Mexican Central
100
407 195i4May23
197S 198 N Y N H & Hart.. ..100
2 165
Jan 19
......
...... Northern N H
100
Jan 24
1 232
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18 206 S Jan 5
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100
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79 Jan 9
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100
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78
7 78
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•50
60
60 50 Apr 13
Rutland pref
100
15 Jan 13
I?
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50 Jan 6
oi7g
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100
98
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175 93 S J an 9
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100
11838 1197^ Union Pacilic
100 16,433 113 Jan 6
11 96 May:i3
97 s
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100
172 Jan 18
174^ May'05 Vermont & Mass
100
96I4
93 Jan 3
57
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60
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25 112 Jan 3
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21 >8 Jan 27
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1905
the
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26
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Sales
BOSTON STOCK
36
Weekly and Yearly
Record, Daily,
Centum Prices
Wednesday
May 24
Tuesday
VJ
96
s
Feb 6
Jan 3
•25
Jau 19
31
•fi>
13-''8Feb
1
Mario 28 Apr lb
Jau2^ -i-i'8Aprl5
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4
1
120
278
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1
14
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7 '8
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10
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Nov
Nov
May
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Jan
700
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1
3234
Oct
74 S Nov
36 Jan
72 Jan
116 Nov
14
4
16
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S Nov
oiiiaNov
34 S Deo
Deo
5
35 14
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2
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67
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Nov
29
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98
1
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3-34 Mai
18 S Not
6 Mar
6 Mai
18 Jan 2834 Deo
5
546
770
211 105
Nov
Nov
J'ne
Mar 4 45 May 2
6 Jan 13
2 Mayl9
9SMay22 15SFeb2l
39 S,
21
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125 Not
3
Not
3 S Nov
3SAug 1034 Not
85 May 140 Not
May23 140 Marl4
3^8 Marl
Fob 3
29 Feb2'f
7''8Jan26
9
21
9
7 78
(
6
Feb 16 69
Feb 21 50
12J4N0T
47
Not
638 No^*
Feb 13 •Si Not
Jau 110 tfot
Feb (3 Not
.
riBoIorepuy'tofaBBoas'Ui called in 1901. •Bldauaaskod.
J
Now
stock. fAss'tpaid.
lEx-rlgUts. aEx-div.tfc righta.
'
May
—
^
5
Boston Bond Eecord.
27, I9«'5.i
lJOM)s>
Price
BOSTON STOCK EXCH'GE
Week Kndihq Mav 26
Asic Lo'w
100
99''fllOO
J.J
J-j
96^8 Sale
M-S
A-O
Nov
M-S
Atch ife Nebraska 1st Vs.. 1908
Atch Top S Fe gen g 43.. 1995
J'ly 1995
Adjustment g 4s
Boston Elect Light 1st 6s. 1908
&
102
96
Consol 5s
1907
Boston c& Lowell 48
1944
Boston & Maine ii^s
1905
Improvement 48^..
Bostdb Mon 3d issue 78... 1904
Terminal
Ist
3^88.1947
Boston
1918
Bnr & Mo Kiv ex 68
1918
Non-exempt 6s
1910
Sinking fund 4s
1917
Btitte<fe Boston 1st 6s
Cedar Rap & Mo R Ist 78.1916
1909
2(1 7g
Cent Vermt*i8t'g48"Mayl920
Chic Burl & Q extend 4s. 1905
1919
Iowa Div 1st 5s
1919
lowaDiv 1st 48
Debenture 5s
1913
Denver Exten 48
1922
1927
Nebraska Exten 48
1921
B<fe SWst4s
Illinois Div 3 "28
1949
Joint bonds See Gt Northern
Chic Jc Ry <fe Stk Yds 5s 1915
Coll trust refunding g4sl940
CUMU& StPDubD 68.. 1920
Ch
& St P Wis V div 6sl920
Chic & No Mich 1st gu 5s. 1931
Mich gen 58.. ..1921
Chic &
Concord & Mont cons 4s.. 1920
Conn & Pass R 1st g 4s. ..1943
1927
Current River 1st 5s
1st 4s... 1946
DetGr Rap&
Dominion Coal Ist 6s
1913
1906
Eastern 1st goldSs
1915
Fitchburg 4s
1927
4g _
__
Frenit Eik & Mo v'ist "tjs!! 1933
1933
Unstamped 1st 68
J-J
117
Feb '04
99^8 Jan '02
F-A
J-J
J-J
J-J
101 Mar'03
II2I2 Jan '03
II212 Dec '04
112
102^4 Peb'05
9934 Mar'05
100 J'ne'Ol
A-0
M-N 129 ifl.
J-D
129 i8 Sep '04
117 14 Feb '03
8934
89 1q
100 Sep '04
109 May'05
"89S8"
F
J
A-O 108
A-O 101
M-N
lOl'^ Apr '05
105 J'ue'04
lOOi^ May'Oo
10614 Dec '02
lOOVj.
F-A
M-N
M-S
99 ^ Apr '05
J-J
100
J-J
J-J
12614
125^4
M-N
J-D
J-D
A-O
A-O
A-O
W
W
107 14 107 14
100 May'05
107
J-J
A-O
M
96^8 May'Oo
961^
126'2.Ma['05
.
Peb'05
Mar'05
109 May'05
109 14 Mar'02
11214 Jan '03
126
108
.
VosK'.
102i2Apr'i)5
102
98 Apr'05
109 12 Mar'05
102 's May'05
103 Is Apr '05
98
MS
M-S
M-S
M-S
A-O
A-O
102'fl
,
10318
10534
140
140
GtNor CB<feQcoUtr4sl921
J-J
1921 Q-J
105^4 May'05
14008 Apr'05
,
Apr'05
140
9934
10034 Sale
102 110412
94 14 UT-'s
May'Oo
J-D
F-A
.
102i
110 Feb '04
104 1^ Apr '00
M-N
10034
100 14 May '06
Hay
831a
83I2
83-.
1838
343.
•
61
14
25
Is
412
8-2
ll's
May
*-i<o
1414
13
1334
*51i4
2434
52
25 14
UHj
11^4
24'4
43s
9
11*8
8I2
12
May
'm
83 H2 83 12
1 00 14 10034
>^4H;
18
251s
4 Si
9
1134
621a
a\
663b
4314
11=B
3214
42
106
6234
3»8
67
43 14
40
*104
May
24:
*%Z\
60
12
3 -a
651318
ll's
42
--.i
1112
6234
3=8
66
42
43 '4
ll»8
32 '8
45 14
45
43
32
32-V
43 la 4434
4512 45 Hi
*4234 43 Hi
6234 623,
113^4 II6I2
6234
44 14
45
43
3Ha
66\
621a
11214 113 H;
PH11>ADELPU1A
100
100
99
la
37
37
13
•1258
52
52
52
52
2518
25^8
50
50
50
Iron & Steel
BeU Telephone
Cambria Iron
3H,
66I4
25ig 25H>
*438
434
8
8
IIH2 liHi
11-\
32'f
4234
62 H2 62
112
H'
110
Ask
67=
60
1<
100
50
Gennantown Pass
Harrison Bros pref... 100
Indianapolis St
100
Inter Sm Pow & Cliem.50
Keystone Telephone ..50
Preferred
50
Keyston eWatch Case. 1 00
Iiake Superior Corp. .100
Lit Brothers
10
Little SchuyUcill
50
Minelull & Schuyl H..50
Nesquehoning
50
N Haven Iron <fe Steel.
North Pennsylvania. .50
Penn Gas Coal
50
Pennsylvania Salt
50
Pennsylvania Steel.. 100
Preferred
100
PhUa Co (Pitts) pref... 50
Phil German & Norri8.50
PhUa Traction
50
Railways General
10
Susqueh Iron & Steel. .5
Tidewater Steel
10
Preferred
10
37
13
3H2
66-\
Ht
43
III4
3218 32I4
443ie •I53ie
455i8 <l.")^ie
a;1034
42J4
42-'4
llHa
62 H2 62
108 14 110 Hi
"g
5
8Hj
11»8
11
40
105 Hi
63
3 '8
3 '8
66=8 671,
43 'a 4319
IOH2 1034
32
32
4538 45?i6
45Sie loSie
433ie 43 '4
62-'4
104
6234
lObHi
PUI1.AI>EI,PIIIA
E & A 1st M
50
Westmoreland Coal. ..50
1st o8.'33
5s 1920 M-N
Peo Tr stk tr ctfs
Elm & Wil Ist 6s '10.J.J
Eq II Gas-L l.st g 5s 1928
H & B Top con 5s '25 A-O
Elec
<fc
Indianapolis Ry 48.1933
Interstate Rys
Lehigh
16
473e
66 14
481.
loo's.
IHi
Hi
534
60
Nav
49 g
4HiS '14. Q-J
83
9J
Bnltiinore
Consolidated Gas
Northern Central
IHI4
Seaboard Air Line
37
13
;
latest
and asked.
l)id
lOligloma
1
"-i
100
102 12
100
108
123
97 H)
93
103
101
1081a
125 "a
981a
1
123
98I4
9434
105
10434 106 ig
102141021a
70»b1I77
25
25
94
98
10334 10334
106 IO6I4
1I102'b
1i
10278
12434 I2512
10318 10318
97 100
104 1^10634
1118 1^ 11138
10712111"^
23
1]
92*8119 7 '8
IO2I2IO2HJ
10534 106 14
103
103
103 "ii
10512
91
1191
1111411114
Flat price.
Weekly, Yearly
Daily,
Sales
0/
Jiange lor i'ear
liangi for Previous
1905
Year (1904)
tfie
Week
Shares
100
50
100
Do pref
100
United Ry & Electric. 50
(j
Bid
Lowest
Highest
140 83 Mayie 90 Apr 13
99 May'
110 Feb 24
16 Jan 13 22 Hi April
690 35H2 Jan 11 40 .Mar2i'
470 12 Hi Apr 24 18 Mar 3
1,025
2,194
100 14
P & E gen
119
47
117
109
120
118
110
H:
64 14
107 Hi
is
Ry con 5s 1930
U Trac Ind gen os'19.J.J
Un Rys Tr ctfs 4s'49J<feJ
U Trac Pit gen 5.1 '97 J-J
6434
1
58 1930.J-D
Atlanta & Charlotte.. 100
Atlan Coast Line RR 100
Atlan CoastL (Conn)lOO
Canton Co
100
Georgia Sou<fc Fla...lOO
1st pref
100
2d pref
100
G.B-S Brewing
100
Mt Vernon Cot Duck
Unit Elec L & P pref.50
Roods
Anacostla
&
Pot 5s
Ch lst7... 1907 J-J
Atlan C L RR481952M-S
Atl<fe
AtLCoaflt L(Ct)ctf8 5s J-D
Ctfs of indebt 4s
J-J
94
11234
ex-dividend.
«
KAIiTIlUOiCK
Inactive Stocks
8834
lOS^e
Consol 68 c 1905. ..Var
1919. ..Var
Consol 58
Lowest
col tr 4s '21- J-J
WelsUach
105 Hi
58
1st 4s '36.. M-N
|
Terminal 5s g 1941. Q-F
Rochester
113
10034 101
BaltCPa-sslstSs'll M-N
Fundg 68.1916 M-N
Exchange 3 His 1930 J-J
Refunding 3 Hi8 1952J-J
Bait
Penn & Md Steel con 6s.
Pa & N Y Can 7s '06. J-D 105
A-O
Con 5s 1939
A-O
Con 4s 1939
107
Penn Steel Ist 5s '17 M-N
People's Tr tr certs 4s '43 104
P Co lst<fe col tr 5s'49 M-S 110 Hi ii'i'
Bid and asked pnc«a; no saiea on this day.
ConM 6s g 1911.... J-D
Ex Imp M 48 g '47. A-O
ConM of '82 4s •37.J.J
P WifeB
i'li'i,
112
Mug '20. A-O
Gen M 48 g 1920.. A&O
Ph & Read 2d 5s '33. A-O
Con M 78 1911
J-D
903,
1()5H!
Newark Pass con 5s 1930
NY Ph & No 1st 4s '39 J-J 102 '4
M-S
Deben 6s 1905
Penn gen 6s c 1910. .Var
Bid
Phil Elec gold trust ctfs.
Trust certifs 4s
Leh V C Ist 58 g '33. .J-J 115 11534
Leh V ext 48 Ist 1948. J-D
2d 7s 1910
M-S 116H!
Consol 63 1923
J-D 12734
Annuity 6s
J-D 148 149
Gen cons 4s ad-iut ctfs. 99
Leh V Trac Ist 4a '29. J-D
New Con Gas Ss 1948 J-D
No Penn
.
Ask
1914. Q-F
M 4H28 g. 1924. Q-F
Income 4s 1939. ..M-N
159 Hi
51
RRs
Gen
12
F-A
1943
3-3Hi-4s
United N J RR & C. 100 271 >2
Unit Pow & Trans
25
55
United Trac Pitts
50
Warwick Iron €$! Steel. 10
West Jersey & SeaSh.SO
Atl City 1st 5s g'19.M.>;
BaUs Ter 1st 5s 1926.J-D
ConTracof N J
77
66
price Friday
Stocks see below)
Al Val E ext 73 1910 A-O
AmRysconvSs 19 11. J-D
<fe
3'
No
52
52 American Railways
50
130 48 Jan 3 5414 Apr 4
50 7,742 2434 May22 2836 Feb 17
25 la 253b Cambria Steel
5
Consol Lake Superiort.lOO 1,000
4 '8 May22 S^'xa Jan 4
*4Hi
*8
100
440
9
Do pref.t
8 May 24 1534 Jan 4
Electric
America
2,173
ll«e
Co
of
10
ll's
lOHi Jan 25 12-'"'8Feb20
*10
44 10 Jan 9 I714 Jan27
12 Gen Asphalt Interim ctfs.
39
39
Do pref interim ctfs. 1,84.-. 39 May24 49 Jan 26
lOU 104 Mar25 U4i8Jan 3
*i03 105 Lenlgh Coal & Nav
50
Lehigh
Valley
63
63 Hz
50 6,172 52 H2 Jau 9 70 Feb25
•3 Hi
334 MarsdenCo
615
100
534 Jan 17
3 Hi May 4
66»8 6634 Pennsylvania RR
50 6,708 6o'3ig May 2 2 7334:Marl3
42 '8 43
Pluladelp'a Co (Pittsb) 50 4,2JS 40^4 Jan 25 48H2Mar27
10 14 Philadelphia Electric. 25 43,799
10
9»8 Jan 11 12 'v Apr 2 7
3134 32
Pliila Rapid Transit
.
50 13,99? fl734 Jau 4 iSiS Apr 17
39'>8
4434
l]1.14;i
Reading
50
Jan 1 :; 4934 Mar 9
443i8
45
Do 1st pref
425 45 May20 47 Feb 2
45
50
51,Do 2dpref
50
42 Jan 9 46i4Mar 9
*42H: 43 H2
6234 6234 Union Tracton
50 3.303 58 14 Mar 9 63 May 19
101 103 United Gas Impt
50 57,407 101 May26 12539 Aprl8
'19
21 WelsbachCo
100
20 Feb 28 28 Jan 17
Choc&Melst5sl949 J-J
Ch Ok G gen 5s '19 J-J
Col St Ry 1st con 5s 1932
Preferred
*
83
99
18
37
13
Bethle Steel 68 1998-Q-F
15
'
(For Bonds and Inactive
lYiday
May 26
Che .&D Can Ist 5s '16 J-J
Diamond
State Steel
Preferred
Easton Con Electric. .50
100
Elec Storage Batt
lOil
Kan C Ft S <& Gulf Ist 7s..l90S J-D
Kan C Ft Scott & M 6s.... 1928 M-N 123 Sale 123
98I4
98 14
1934 M-S
KanCM& B gen 4s
Exchanges— Stock Record,
Berg&EBrw 1st 6s'21 J-J
Central Coal <fe Coke.lOti
100
Preferred
Consol Trac Pitts
50
Preferred
50
Preferred
3H2
66
8
11
39
105
62
4234
43
45
48
101
'.'.'.'.'.'.
ilonds
Amer
'.omz
100
12818 J'ne'Ol
101 Jan '05
108 May' 05
Highest
Lowest
57 Hi Jan 86 Deo
71 J'ne lU9HiDec
7
J'ne 19 73 Nov
1334 J'ne 40
Nov
534 J'ne 15i4Deo
Philadelphia
443s.
634
101
1
Low High,
"i:
100
37
13
45
'
*18l8
ISHr
181*
100
January
Jiifih
NY&N
25
37
11 Hj
3134
4334
Bid
10
. .
ACTIVE STOCKS
18i8
Inactive Stocks
American Cement
A-O
A-O
A-O
Last Sale
Ask Low
Hanfie
Since
5.=
.
*83H2
12
40
40
39
40
104Hj104H. *101 106
61
6I34
61
63
14
42
105
J-J
la
or
.
Thursday
llHj
42
•105
1910
deben 53
Non-conveitdeben 5s... 1913
Falls* Sioux C 1st 7s.. 1917
Kan C Clin & Spr 1 st 58. 1925
Illinois Steel
Week's
Range
1934 M-S
93 "^ 94 12 93 Is May'Oo
Kan C <fe M Ry & Br 1st 5sl929 A-O 104 10434 104 May'05
10434
10434
KanCStJo<feC B 1st 7s. .1907 J-J 10434...
100i*,Nov'04
L R <fe Ft Sm Id gr 1st 78. ..1905 J-J
120i2Sep'04
Maine Cent cons 1st 78...1912 A-O
1912 A-O 102 Hi.
102i4May'(iu
Cons Ist 48
10234 10234 Mara Hough & Ont 1st 6s. 1925 A-O
118 May '04
Wj
99
9934
.Mexican Central cons 4s. .1911 J-J
74
76
74
74
Jan
1939
J'ly
lstconsinc3s
25 Mar'05
Jan 1939 J'ly
2d cons inc 3s
16%Nov'04
-Alich Telep cons 5s tr rec.1929 J-J
75 J'ne'O;;
44 81
8934 Minne Gen Elec con g 58 1929 J-J
102'2Ang'04
NewEngCot Yarn 58. ...1929 F-A
98
98
98
109 109
1906 A-O lOl's
New Eng Teleph 68
102 "a Dec '04
101 10138
1907 A-O 103
103 Aug'04
68
1908 A-O 104.
10334 Apr'05
6s
1915 A-O
106i4Feb'u5
100 101^4
5s
1905 J-J
Eng 1st 78
100 Dec '04
1905 J-J
1st 6s
100 Dec'('4
99 «8 99=8
1924 FA
104>4 J'ne'04
95 "u 96»8 Old Colony gold 4s
Oreg Ry & Nav con g 4s.. 1946 J-D
1110278 Jan '05
lOeifllOS
1922 FA
125 1^ Mar'05
Greg Sh Line 1st g 68
99 1^1 00 14 Repub VaUey Ist s f 6s. ..1919 J-J 103
103 Is Apr '05
12612 126 hi Rutland 1st con gen 4i2S.1941 J-J
126 l.;6
Rutland-Canadian 1st 481949 J-J
102 Mar02
108 108Vj Savannah Elec Ist cons 58.1 952 J-J
100 100 May'Oo
IO8I4 109
Seattle Elec 1st g 58
1930 F-A 105 1051s 105 Apr'Oo
Torrington 1st g 5s
1918 M-S
107 Feb '03
Union Pac RR& 1 gr g4s.l947 J-J
104 Nov'('4
102 12
101
1911 M-N
1st lienconv 48
11120 May'05
98 100
United Fruit conv gen 53.1911 M-S 109
109 12 May'05
10734 1091-2 U S Steel Corp 10-60 yr 58.1963 M-N
119234
TI9212
102 'f, 103 w^ West End Street Ry 4s... .1915 F-A i03"
102 V2 Apr'05
10318 lOi-iift
Gol(l4'2s
1914 M-S
10534 May'uS
10534 lOM
1916 M-N
Gold debenture 4s
10234 Apr '03
139 140 =8
Gold 4s
1917 FA
103 Is 10319
139 140
Western Teleph & Tel 5s. 1932 J-J 104141041^ 10418 104 14
141
98 IOH4 Wisconsin Cent 1st gen 4sl949 J-J
Jan '05
1191
98 1001-2 Wisconsin Valley 1st 7s. .19091 J-J ill"
lim Apr'05
Ceiitum Prices
Wednesday
10012 102',;
I8I4
18
37
37
5II4 52
5II4
2514
5
I'er
Txiesday
Nay 2 i
'<iu
I0212I0212
1838
— Not
Monday
Saturday
Bid
interest in addition to the purchase price for all Boston Bonds.
Prices
Price
t^ridav
May 2ti
•5 a.
Assented income 58
Philadelphia and Baltimore Stock
Slirire
J
BOSTON STOCK EXCH'GE
Week Endino Mat 26
Low High
8 9934 IOOI4
100
967h 124 94
97\
Mar'Of)
108 10>(
96:'4
108
102H2 102
97
97
1924 M.S
Note — Buyer pays accrued
High
Hid
<fc
Since
35^ Jantiary
Last Sale
2211
UONU.S
Hange
Weelc's
Jianr/e or
Fridav
Mat/ ^6
Am BeU Telephone 4s 1908
Am Telep T^l coU tr 48.1929
Registered 4s
J
„
m
Bait & P Ist 6s
I'll A-O
Bait Trac 1st 5s. .'29 M-N
No Bait Div 5s 1942 J-D
Convertible 58. '06
Cent'lRycon5sl932
M.N
M-N
105
H £x-right«.
f
$15 paid,
t
Hi
Chas
Is
138
734
Feb
III4N0V
May
14 "a Nov
20 Aug 41 Hi Nov
62 Hi Jan 131 Hi Deo
3334 Feb 59 'a Deo
5 Hi J'ly
2^8 Mar
412N0V
557gMar 70 Deo
37''8May
ta'eOct
May 10 'e Deo
8 Jan tl9 Nov
19 Hi .Mar 4li4Deo
5
38
28
Mar 46
7SH!
Deo
.Mar 42 Hi Dec
4534 Jau 59i4Deo
May 108 Deo
81
1934 Oct
22 J'ne
Bid Ask
BAL.T1.UOKE
Ry G El 5s '99 M-S 92 Hi 95
<fe
C& A ext 5s. '09 J-J
119
1910 A-O 115
City&Sublst58..'22 J-D 11434
City<fe Sub(Was)l3t5s'48 10b
119 Hi 120
Col&Grnv IstOs. 1916 J-J 117
11334
Consol Gas 6s. ..1910 J-D 109
1939 J-D 11 5 H
105 Hi 106
OS
Ga& Ala 1st con 5s '45 J J 112Hi
Ga Car & N 1 st 5s g '29 J-J 1123,
10334 104 '4 Georgia P 1st 6s... '22 J.J 124 Hi
no
GaSo& Fla Ist 58 1945 J- 115
5834
99
G-B-S Brew 3-4s 1951M-S
28 '2
85
2d income os 1951 M-N
85 Hi
Kuoiv Trac Ist 58 '28A-0 104
"65 h
LakeR El Ist gu5.9'42M-S 117
"64h1
MetSt(Wash)l8t5s'25FA 119
Mt Ver Cot Duck 1st os- 77
Incomes
30 Hi
160
Npt N<feO P Ist 58'38 M-N 95
147
149
General 5s.. ..1941 M-S
350 390
Norfolk St Ist 58'44..J.J 107
91 H 93
North
Cent4Hi8 1925 A-O 110
35
30
68 1904
J-J
100
97
Series A 58 1926
J-J llSHi
70
65
Series B 58 1926.... J-J 118 Hi
9
8H)
Pitt
Un
Ttac
5s
1997.
J J 113
7
6Hi
Poto Val Ist 58 1941.. J-J l]6Hi
Sec Av T(Pitt8) 58 '34 J-D 117
Sav Fla* West 5s '34 A-O 115
104 Hi 105
Seaboard A L 48 1950 A.O
86 Hi
106 Hi 108
Scab ife Koan 5s 1926. JJ 112
South Bound Ist 58..A-0 111 Hi
101H2 102
115
117
UElL&Pl8t4HiS'29M.N 95
92 Hi 95
Un Ry & El 1st 43 '49 M.S 92 '4
105
Incdme48l949
J-D
58 Hi
78
Charl
2d 7s
116
108
112
113
116
US
108 Hi
115
I2OH1 12IH2
100 14 100 Hi
115
Imp 58.1932 M-S llSHi
Chas City Rv Ist 58 '23 J-J 106
Extcft
Ask
105
May
51 Oct
26=8 Dt<3
t 9 Is Nov
tl838l>eO
43 J'ne
18 Is May
Va Mid
Ist 6s 1906. .Af-S
2d series 68 1911... M-S
3d series 68 1916-.M.S
4th ser 3.4-58 1921. M-S
5th series Ss 1926. M.S
Va (State) 38 new '32.J-J
Fund debt 2-38 1991 .J J
West C con 6s 1914 J-J
lst6g'll J-J
Wil
Weld 58. .1935. J J
N
WesVaC&P
&
Reorganization certs. $3 asaesa't paid,
i
116
1061a
119
110
116Hj
113
1134
69I4
29
.31
100
118 Hi
86
112 Hi
95 H>
92 H>
59
lOlHi lOJ
111
113
112
113
96
96 Hi
116
112 Hi
117
113
115
118
113
$20 paid.
— —
.
—
THE CHRONICLE.
2:12
Volume
Par
Shares
Saturday
615.174
1,418,012
937.761
929,133
839,799
474.693
Monday
Tuesday
Wednesday
Thursday
Friday
Total
Railroad
Bonds
valxie
$57,259,900
133,246,200
87,926.100
87,609,700
78,436,400
44,235,550
May
Week ending
Exchange
Indianapolis Gas
lal g 53 1952
'2.617.200
2.314.000
2,399,600
"4.606
Total bonds..
ao5
May 28
1904
1905
45.><48,715
$19,700
$445,200
t2.^9.O00
?4,500
1,428,000
$74,500
11,000
14,106,'20O
7.7 40. 5 UO
$233,400
53.469,400
429,663,300
304.500
257,667,OjO
$15,538,700
$483,366,100
$7,826,000
.$402,400
*258,373.900
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
Saturday
Unlisted
shares
19.789
43.636
34,566
Mouday
Tuesday
Weiluesday
Thursday
Philadelphia
•23,03
.
LisUd
sales
shares
$13,000
84,000
64,000
72,500
69,000
94,000
7,772
22.230
17,776
14.226
10.776
6,383
7
20,070
15,21-2
Friday
Bond
Bond
Unlisted
shares
27,890
42,049
41,031
24,303
24,621
26,873
49,5ti0
28,658
31,1145
35,6'23
•28,991
21,339
sales
$29,600
112,900
102,000
117,100
79,-500
94,600
98
90
120
115
80
Bid
2
24
61Sg
101
79,163
156,310
$392,500
218,109
$535,700
164,704
A
Weekly Review
o'
Outside Market will be found
Street llailwnys
NEW YORK
&
7th
Ave
TJ'2dinort OS
.stk
1914
a preceding page.
Street ltail«iiy»
Bid Ask
Ask
HLouisv St58l930..J<feJ ni2i2 113'2
Bid
CITY
Lyun<£; Bos Ist 5s '24. J-D
Bleeck aiA FuJ i' stk 100
1ilsiDiort4s 1950 ..J-J
D B'y
071.
30
34
95
245
107
92
241
104
..100
...J-J
Cou 58 1943 /Vee Stock Exch
B'way surl lst58gu 1924 H08
•2d 58 lut as rental 1905
^Ceul'i Croast'n stk.. 100
6s 1922 ...M-K
111st
IJCeu Pk N A E li stk. 100
i|Glu't'r& lOtli St stk 100
Col<fe 9th Ave js^'ee Stock
Dry D E B ck li—
IJlst KOld is 1932... J-D
F-A
flscrip 5s 1914
M
i
list
no
991-^
101
340
360
ni7
200
175
121
210
185
Exch
list
114
100
3f6
103
116
102
400
U hilghtU Aveuue8t...l00
F-A
llScrip 6s 1914
400
50
107
80
200
1]42ddi;arStF'ystk..lOO
42dStM& StXAv-.lOO
lilstmort Os 1910 .M-S
1i2d income 6s 1915 J-J
Interborough Kap Tr. 100
Lex Av & Pav F 5s
y
410
70
109
85
202
New on Hys Co (w 1) 100
Preferred w 1)
100
New 4H28 {w i)
aio
(
112
Ki
3578
36
Si
140
7714
78
7
t
JtlOVz
9 m,
See C hicago list
Pub Serv Oorp of N J 100 115 120
Tr ctfs 2% to 6% perpet
69
70
Uel g
.18
106
Coll trust 58 gold note.s
1909 optional. ...M-N
J ersey St Ky 100
l.st4s 1948
Cons Trac ot
J...IOO
let OS 1933
J-1)
New'k Pas By 5s '30J-J
il8
78'-2
Northern Securities. .100
Stubs
,
N
M-N
.S3
83^2
Pitts
29
ao9
iUSh
UO
114
Essex Pas 6s 1905 M-N 4100 Si
liapid Tran St By.. 100 255
lat 58 1921
A-O no9
26
J C HobifePatersonlOO
48 g 1949
M-N 57714 li^.
So J Gas El & Trao 100 129 130
Gugus 1953
M-S
No Hud Co By 68' 14 J-J
5s 1928
J-J
Ext 08 1924
M-N
U03
See St k Kxc list
ao5 107
Pat City con 6a '31.J-D
23
MeLropol Securities See Stk E X list
2d 11,1. ...1914 opt A-O aoo
Meiropol Str&et By See Stk E X list
192
So Side El (Chic)
See C liicago list
Nintli Avenue stock. 100 185
Syracuse Kap Tr 5a 1946 ao7
109
Second Avenue stocklOO 204 209
104
United
Kys
1909
M-N
no3
of
mort
6s
StL—
Hist
Com vol ir ctls
30
31
Consol53 1948.... F-A ^aii"--' 116
100
79^4 80
Preferred
170 178
100
11 Sixth Avenue stock 100
Gen 4s 1934
6'eeStk Exch list
Sou Boulev 5s 1945. .J-J no2 106
UnitBysSanFran <S'eeStk Exch list
So Fer Ist on 1919. ..A-U 'a 05 108
36
Wash Ry & El Co
3668
100
Third Avenue See Stock Exch list
9134 9212
108
Preferred
53 1928 noj
Tarry
P
100
91^4 91
48 1951
YkersSlKK 5s 1946A.O J106
J-D
HWest Chicago St ....100 40
28th <fe 29th Sts Ist 63 '90 ill'ihi 114
45
stk
100
398
Cong
St
415
iJTweuty-Tli'd
6a 1936.... M-N
85
11
J-J 100
101
Deb 58 1906
Union Ky Ist 58 1942 F-A nio 112 "2
113
Westchest lat 5s '43 J-J nio
Uofl Securities
W
a
'•2
&M
1-2
^EW
BEOOKXYN
Atlan
Ave
58 1909.. A-O
no2
Con 5a « 1931
A-O 113
Impt 63 See Stock Exc list
BB&
li
W
E 68 1933. .A-O 100
Brooklyn City stock... 10 238
Con &3 See Stock Exch
lOmj
list
Co. Elevated—
Ist 48 1949 See Stock
pref
100
New Amsterdam Gaa
Ist consol 58 1948. .J-J
N Y East River Gaa—
100
115
ai3
Conaol6s 1945
JJ nio
N Y <& Richmond Qas.lOO 35
Nor Un lal 68 1927. M-N 5105
Ist 5s 1944
1[!5tandard
A-O
68 1944
Exch Uat
76
110
113
l8t48 1951
See St k Exc h list
N Wb'g<S!Flall8tei4'as 101 104
Steiuway lat Cs 1922.J.J ni9 121
OTHEB
crriEa
Buffalo street
By—
J-J
Gas com ..100 130
llProlerred
lat 58 1930
OTHKE
KiUKH
Nassau Elec
§11012 112
<fe
BklnCroastn 5s 1908. J-J 102
Bkn Hgts let 5s 1941 A-O 104 lOS
Bklu Q Co <fc Sub See Stk Exch list
Bklyu Rap 'I'rau See Stk Exch list
liConey l8. <fe Bkiyn ..100 825
lal cons g 48 1948.. J J
99
Brk C <fe N 58 1939. J-J 113
Gr ht&Ne w let Ss '00 F-A 100
Gr'pl&Lorlmer St Ist 6» 102
TOEK
Cent Union Gaa lat 5a.. ao7 109
103 >2 Con Gaa (N Y) stk. See St k Exc h list
114
Conv deb 68 ctfs A'«eStk Exch liat
HMutual Gaa
loo 295 300
241
Amcr
Light
Preferred
100
155
M-N no
115
112
108
150
170
112
CITIES
85
89
100 100 104
I
Bay State Gaa
60 t
3io
Blnghamton Gaa 58 1938 4 97 100
Brooklyn Union Gaa deb
Os 1909 conv '07. ..MS 180
190
Burtalo City Gaa atocklOO
6
7
lal 68 1047 See Stock Exch liat
Consol Gas of N J
100
Ist 68 1936
<....JJ 593
96
Consumers' L H ift Pow —
58 1938
J.I) «110
TIDelroll City Gas
60 t
KUzabeth Gas Lt Co 1 00 250 300
Kaaex <fe Hudson Gas 100 127
129
Fort Wayne tia 19'26..J-J
40
48
Gas* Kl Mergeu Co.. 100 CO
62
<fc
Tract. 100
New common (w i)
New Ist pret (wi)
New 2d pre! (w i)
Va & Southwestern.. 100
Preferred
100
Ist g 5s June 1 '22.J-D
Hecker-Jones-Jew'l ilill
IslOs 1922
M-t
Herring- Ha II. MarvinlOl
Ist preterred
100
2d preferred
100
lioboken LandA liuplOO
1|5s 1910
M..\
4I2
.v
2^
"-2
N Y Transportation. ..20
NorAmLum'r&PulplOO
II
Am Ice Securit'8 (w 100
Debenture 6s
Am MalliUfiOs 19 U.J -i)
120
OS
10^8
iij^2
125
97
"2.5"
i;
-
i
Id
105
HOntario Silver
Otis Elevator com
III4
Preferred
."
26
78
106
66
66''b
94 '4
94
1='4
1
lo t
Amer Press Aasoc'n.lOO 97 105
4
Am Soda Foun com. .100 2
68
63
1st preferred
100
12
9
2d preferred
100
American Surety
50 195 200
Tobacco (new) com.. 268 275
Exch list
Preld
(S'ee Stock
48 and 68
SeeHtk Exch liat
Am Typelo'rs com... 100 37 42
98
96
Preferred
100
4I4
41.2
Amer Writing Paper. 100
28^6
28
Preferred
loo
87
86
68 1919
J-J
Arizona Con Mining.. .60 t 291-2 30
Ist
100
conv g us 1914 .M-S
American Nickel
Am
'-2
BaldomeroMiniug
5
IIBaruey&SmCar
...100
•20
130
29
77
Preferred
100
CoU.tr.g.s.t. 681014.... 103
Blisa Company com
60 140
Preferred
60 130
Bond<fc Mtg Guar. ...100 400
Bordeu'a Cond Milk.. 100 148
Preferred
100 112
British (Jol Copper
0^4
5 t
llPreferred
loo
Bethl'm Steol Corp. ..100
Camden Land
3
t
he
100 130
15
Cent Flreworka com. 100
07
Preferred
100
3
Central Foundry
100
18
Preferred
100
74
Deb Os 1919 op 'OlM-N
100 103
Century Realty
CliesebroUKh M fg Co 100 440
13:1
Chic A North West rights
106
City Investiug Co
100 106
HCladludi B)com
90
100
1|l8l protcrrod
100 100
112(1 pre'erred
Kx
Sloe
k
Imlustrial.
6e«
Colo
65
C<>l<fc HockCoaldil pt 100
85
J-J
l8tg68 1917
1
Compressed Air Co... 100
le
CO
Couaolid Car Healing 100
Celluloid
Co
iNew
slock.
11
Sells
5s
10
r
28
t
t
1-.
"l«
115
120
il4
LOO
116
Exch
125
42
105
175
51
..-••a
61-2
f
list
l35
21
62 "t,
180
2188
63
7
l"*
4
61
2
49
103
107
4c.
60.
t
26\
26"9
1
461-,
t
Exch Uat
6I2
164
no
63
260
660
61
r
7'a
76
22
73
21
100
160
108
254
640
25
120
6
30
77
608
N
a
t
8
35
79
610
H
&
ii'ge
loTJ
26
85
no
190
193
t
U
19
13
17
97
OS
93
»4
1-2
\
92
90
116
116
200
1'20
1'20
17
85
38
Preferretl
Title
02 1-2
24
75
ao6
100
U S Cotton Duck
U S Envelope com. ..100
Now 5a (w 1)
22
U S Steel Corporation—
Collr8l58'olopt '11 ..
77
Coltraf 68'51 not opt..
167 •2
480
U STll Gutfc Indem.lOO
141,
Unlveraul FlreExt'r.lOO
Universal Tobacco... 160
108
Preferred
100
09
Westchester <fe Bronx
list
3
7
100
U S Leather new (wi)lOO
Preferred now (w 1)100
71
'-i't
t
t
11
20
I0I4
190
35
Standard Oil of
J. .100
Storage Power
50
Swift <fe Co See Boston St k Exc
N
131
1061a
1061-2 115
101 12 1U4
140 160
39
40
7214 73
20
25
70
90
9
14
•
1st 53 1910-1914.... J-J
Tennessee Copper
25
UTexascfe Paoilic Coal 100
Ist Os 1908
A-O
2hi
Title Ins Co of
Y..100
135
Touapah Mln ( Nevada).!
3012 TrentonPolterlea comlOO
100
82
Preferred new
Trow Directory new. .100
10
Union Copper
160
Union Typewr com.. 100
145
100
410
lat preferred
2d preferred
100
152
lOo
116
U. S. Casualty
^10
15
1871-2
1st preferred
American Marble
28
79
25
67
12
60
421..
Pope Manufacturing, 100
100
2d preferred
100
Prall & Wliiln pref..lOO
Really Assoc (Bklyn)lOO
Royal BakPowd pref.lOO
Russell <fc Erwin
25
Safety Car Heal cfc LI 100
Singer Mfg Co
.100
Standard CouplercomlOO
Preferred
100
Standard MUUng Co. 100
Preferred
100
111,
27
a OS'-.
100
100
100
66I4 Phoenix Mining
1
130
Fitlsburg Brewing
50
LOO
Preferred
50
'4
Pittsburg Coal See Stock
165
11
61
9
r
4^1
30
78
23
100
100
130
74
4
31..
N
N
IINew York Dock
2
20
110
160
1-2
50
30
200
Consiruc.pflOO
&
1
20
ao2
MN
Monongahela R Coal. .50
70
Preferred
60
163-\ 164 Si Mont
Boston Consol .5
287 31212 iMortgage Bond Co. ..100
36
33
Mosler Safe Co
i
100
75
73
Nat Bank of Cuba
lOo
t
Nat Euacfc Stamp *eeStk
100 '4 100^4 National Surety
loo
23 'V 24'-. IINew Central Coal
20
8i
80
Y' Biscuit 68 1911. M.S
61
46
Y Mtge & Security. 100
26
39
81
109
1-2
1|.Manhatl
Mex Nat
91
106
loO
Beach Co. 100
Manhattan Transit
20
964
25
33
80 ^2
Madison Sq Garden.. 100
2d 68 1919
6
6
109
92
88
15
27
36
Companies ..160
PretVrred
t
45
62
103
20
,
Aliscol
100
Amer Bank Note Co. 50
American Can com... 100
Preferred
loo
American Chicle Co.. 100
Preferred
loo
American Elevated
61,
§95
86
12
1
Mack
Alliance Realty
iBlcousol 6sl931..F-A ill2w, 114
Deb 6« 1017
A.O no3 107
Chicago City Ky
See C hicago liat
Columbus (O) StRy..lOO 101
Prelorred
J 00
109'b
Cblum Ry con 68 See Pli 11a
Itsi
,Cro88l'wii l8t68'33.J-I) 108
Oruuu llttpid* Ry
100
66
65
Grand Riipids Gas
Preferred
100
87 H, 89 1«
Ijlat 58 1916
F-A
104
I..ak«.si((;i,ic)El
Set V hicago list
Hudson Co Ga«,
10« 112 113
< Buyer payb accrued Interewu
1 Price p«r aliare.
<Salo price, a Ex rlghta. a;Ei dlv
. .
and
^
V
5
40
66
101
100
luo
Oil
Preferred
Hud.son Realty
llPreferred
Inilustrial
ao9i2
50
56
Preferred
Seaboard Air Line
Coll I r 53 1907 op.. -M-S
101
a 12
Bess&LE
14
21
t
106
g4 "-.js'SOMifctr 106
98
^971-2
North
»fl
IHi
10
17
52 op 12. ..J-J
n teruat'l Ban k ingCo 1 00
Int'n'lMerc .Marine. 100
78
75
Preferred
100
921^
92
Col tr deb 4 '•2l922op'07
ao9i4
110
N Y&Hobcon 68'46.J-U
International Salt. ...100
HI
10
1st g5sl951
Hob Fy Ist 5s 1946 .U-N
110
.V Y<fe N J l8t5sl946.J.J ao5
International Silver. 100
Preferred
NY' & So Blyku Ferry&St
100
101
1st 6s 1948
Trausii 1st 5s 1906M-N
J-D
60
40
Lauston Monotype
10th & 23d Sts Ferry 100
20
96
Lawyers iMiirt lusiir.lOO
l.st uiort 5s 1919.. .J-D i 95
31
30
liLehcfc Wi.kesb Coal.5i
TlUniou Ferry stock .100
98
Lord <fe Taylor.
M-N 97
1118158 1920
100
Preferred
loo
HLorUlard (P)pref ...100
Railroad
Shi
105
2
^
t
100
Havana Conimerciai.lOO
Preferre<t
100
Havana Tobacco Co. .100
Houston
Coa mtg g 58 1930.J<fcJ
Income 5s 1930
llFort Worth tfc Denver
City stamped
100
80
t
Hall .Signal Co
Kerry Coiiipaiiics
Prioriieu
40
30
70
Hackensack Water Co
171
128
Chicago Edison Co See C hicago ll.st
TiKingsCo ElL&PColOO 195 205
N'arragan (Prov) El Co 50 1103^4 1031-2
53
58
.VY t&(4 ElL&PowColOO
90
85
Preferred
100
25
United Electricof N J 100
§76^1
77
48 1949
J-D
Xortli Chic Street
"s
1401a
10
1
Companies
Chic Peo & St L pref.lOO
Deposited stock
Undeposited stock
02
^
85
a
Outside Securities
lOH
103
<»*•
cSfc
Total
26
10
29
25
10
Hacken.sackiM t^adowslOO
H& NY
6
238
Ga <fe Tenn Copper
8
5 ..
1^
^
Gol.l Hill Copper
1
Greene Con Co]) See Boat stock ExcU
6 a*
Greene Consol Gold... 10 t 61-.
9
Greene Gold-Silver.... 10 t 7
127
171
125
80
102
Ur-ooklyn Ferry slockloo
lat 68 19 11. J -J
N Y E 11 Ferry stk. 100
1st OS 1922
.M-N
70
512
Debenture 48
Cons Storage BatterylOo
Cramps' Sli & En BldglOO
96
Hud.son BiverTelepli lOO
J TBleph....OO
TlNorthwest^rn Teleg. 50
Pacific & Atlautio
25
II Southern & Atlantic 26
Ash
19
16
67
100
Cons Ry Ltg&Refrig.lOO
Consol Rubber Tire. .100
47
120
UN YefcN
Electric
Boston
Listed
sharen
Gas 58 1937. J -J
3
24
76
Tclesrr ifc Teleplione
HAmerTelegife Cable lOo
IjCentral & So Araer. 100
Comraer UnTel(N Y).2o
Emp & Bay State Tel 100
Franklin
100
llGoldcfc Stock
100
II4I2S, 1905
EXCHANGES
Week ending
May 26
iyu5
no8
A-O
i
1 to
BONDS
B R. and mis. bonds
an
SI Joseph
January
26
$4,500
*4,265,832,575
State bonds
ao6
Newark Gas 68 1944. tJ-J a36
Newark Consol Gas. .100 92
UCon gSs 1948
S-D
No Hudson L H & Pow
OS 1938
Industrial and Kliscel
HCona Firew'ks com .100
UCrucible Steel
100
UPreterrod
100
Cuban Os of 1896
Del & Hudson rights
no HDiamond Match Co. 100
137
Dominion Securities. 100
93
Douglas Copper
5
lllV^ Electric Boat
100
Preferred
100
Electric Lead Beduc'u.50
6
Preferred
50
30
Electric Vehicle
100
78
Preferred
100
106
Electro-Pneum'lc Tran 10
101
Empire Steel
100
Preferred
100
IIGeneral Chemical ..100
91 >2
II Preferred
100
95
30
25
WabV 1st 68'25. J-D
Vol. lxxt.
llPreferred
101
50
103
105
35
35
35
#14.106.200 $1,423,000
123,638.534
OoTernment bonds
97
i
Ist 63 1926
J-I>
PattSi Pas Ga8<fe Elec 1 00
H Con g5s 1949. ...M-S
$ll,54Vi.211,42.'j
$15,500
A-O
110&IndGNat& lU.lOO
a tocl^s — N o. shares
5.214.572
1,184,302
Par value
44S8.713.850 $111,912,000
shares, par..
81
50
290,000
1004
1905
""$50(3
'202,000
377.0;)O
2,242..=>00
50
Madison Gas 6s 1926. A-O
$171,000
151,500
236.500
$1,681,000
2,852.000
35
A.O
25
60
105
100
lILaclede Gaa
100
llPreferred
100
Lafay'eGasl8t6s'24.M.N
Log<fc
5.214.572 $48S,713,S50
Sales at
Jiew York Stock
Bonds
Ask
Jackson Gas Co
58 g 1937
Kansas City Gas
V S
Bonds
State
<t-c
Bid
M-N
l8t 68 1908
THK NEW YORK STOCK EXCHANGB
WEEKLY AND YEARLY
ocks
Week fnding
May ae
iyu5
[
Gas Securities
Indiana Nat <fc 111 Gas—
Business at Stock Excliaiiges
of
TBANSACTIO>fS AT
DAILY.
Bank
—
O81.J
90
40
9U
98
98>s
ni2
ai2
128
1'26
6
"b
Mort Guar Co.
7
1
2
6
170
178
Westingh Air Brake.. 60 141'4
!'•
'8
White Knob Mlu (w i)
2»4
a
Preferred (w i)
123
119
Worthing Pump pref.lOO
t
80
92
1
65
on Slock Exbhuuge, but uol a very active BCCurlty
—
..
.
.
May
.)
..
..
1
,
THE CHRONICLE.
27, 1905.1
2213
and ^ailr0ad %ntzlliQtntt.
RAII^ROAD GROSS EARNINGS.
[wxr^strnjent
The following table shows the gross earnings of every Stram railroad from which regular weekly or monthly returns
can be obtained. The first two columns of figures give tlie gross earnings for the latest week or month, and the last two
columns the earnings for the period from July * to and including such latest week or month. We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns of tlie. street railtvavs are brought together separatelii on a subsequent page.
period.
haminas
Latest (-iross
ROADS
Wee/c
or
MonlU
Ala Gt Southern. 2dwk May
AJaN
N
I
f
0&
lextu
6;;,
Previous
Year
150
50,264
1
to
Current
Year
Latest dross
Latest Date.
ROADS
Previous
Year
2,880,677
AUegheuy Valley March
3dwk May
239.100
180,14?
94,377
100.313
105.11S'
lou.yjo
Jiir.
2,0^9,920
1,152,545
1.210,215
43. '204
l)fC.
2,054,574
1,103.303
1.231,418
101,605
1,720.351
57.715,249
2,700.550
509.115
15,198,978
122.320
54,446,216
1.531,418
56.883
34,450
6,639.130
722.442
1.199.024
2.732.400
40.691,041
8,521,021
17,870.705
100,034
14.2y9,907
8.843.584
7.353.520
4,597.247
37.306,065
45,118.106
9.022.391
1,397,546
5,832,654
15,617.789
2,282,054
29,5j2
3'J,901
1
.VI
W
.
Previous
Year
I
to Latest
Current
Year
Date
Previous
Year
14 i, 778
113,994 7,652,720 G.172,063
10.683
541.814
11,810
434,744
GulfcfeChlcDlsf
143.330
136,409
7.128.840
6.723,066
Mobile ib Ohio... 2dwk May
Nash Ch & St L.. 2dWK May 196,251 193,03:. 8,798,671 8,846,901
INaflRRof Mcx 3d WkMay 231.732 218.082 10,432,284 10,243,005
18.125
179,379
155,509
14,008
Nov-Cal-Oregon April
25.517
4,242
1.098
23.757
Xevada Central. vlaich
6,555,112 6,31y.977 67.098.606 64,70ii.H4i>
N
HudRi\ Ap.il
586.065 534.201 5,150,537 4,905,310
.V YOntite West. Maich
203.0.J3
227.386 1.993,392 1,916,007
N Y Susq & Wesi March
2,170,014 2,054,565 17,598.893 10,901.825
Norfolk & West'i March
830,910 708.210 7,656,979 7,455,279
Vortheru Central March
4,009,713 3.573,9H0 42.794.725 39,698,169
North'u Paclllc. April
15.106
I50.'208
17,251
149,914
Ohio Riv& West.. March
452,019 456,71;. 4,577,100 4,345.79c>
Pacitic Coast Co March
10542304 9,624,404 89,991,420 88,914.820
ePenn— EastPAt vlarch
iuc. 3 75,700
luc.X.\)l 0,200
eWest P & E... viarch.
237.091 210,491 8,959.081 7,820,042
Pere Marquette.. 2d wk Mai
1,212,507 1,047,307 10.279,801 9.974.601
ehilaBalt&W'sh .via <h
590.914 535,350 5,735,570 5,656.400
Phlla
Erie
Wa'ch
2.055,815 2,000.001 20,670,439 20,353,936
Pittsb CO & St
April
41.073
42,328
4,809
4,330
RaleiKh&O Fear April
3.320.457 3,228,417 30.453.080 28,943,104
ReadiuK Railway April
4,6)0,535 4.450.207 2i»,721.667 28.877,326
Coal kt Ir Co
April
7.930,992 7,678,024 00,175.347 57.820,430
Total Both Cos April
930.814
118.340 110.625
890,726
Rich Fr'ksb &. P February..
421.498
39,129
450,487
40,749
Rio Grande Jet.. March
410,074
8,785
402,261
8.941
Hio Grande So... 2dwk Maj
3,795,035 3,595,690 33,501,070 35,462,310
Kock Isi'd Sys.. vlarch
1,847.110 1,809,926
Kutland RR
March
947,995 1,022.012
124.147
95.577
St J OS AGr 1
March
3,254,441 2.986,257 29,341,003 27.610.407
St L & San Fraui/ .March
7,y50.'240
6.911.622
150,783
119,003
St L SouUiwest .. 3dwk May
1.351,787 1,234,473 10,028,770 9.571.275
Seaboard Air L.. Maich
101,200 100.194 1,105,28
1.081.057
Southern Ind
April
.So Pacilic Co t). ..
7,830,107 7,270,400 71,071,113 71.098,561
arch
47b
42,962.04
855.357
40,505,090
Southern Raihv'j 3d wk May
813.
741,180
674.925
Texas Central ..". 2dwk May
9,982
8,385
182,25
169,951
11,480,274 10,913.330
Texas <te Pacitic. 3.1WK May
102.100
96,200
12.000
10,100
TexS V
W .. January ..
49.372
39.221 2,990,055 2,807,121
Tol & Ohio Cent l.?twk A pi
Tol P <\£ West .... 2dwk Maj • 19.772
20.730 1,100,088 1,134,663
03,881
TolStLA
02,!521 3,292.281 2,925.257
3d wkMay
535.435
04,49(j
553,426
5s,337
Tor Ham & Bull April
Jn Pac System .. March
1,779,801 4.027.994 44.606,630 41,951,066
YC&
<Nf.
1
.
t
&N
W
I
.VI
RR.—
Vi».ndalla
Louis Div.. January...
Terre H. <t Peo. Januaij'.
Virginia* So VV'n April
348.679
51,190
68,885
330,098
48,117
Wabash
May
4U7,u5.->
.Maj
299,510
97,500
422,949 22.121.21'J
2*9,910 3,232.370
3.955,240
08,561.1
St.
.
3(iwl£
W Jersey
Wheel
.fe
Current Year PreviousY'ar
4th week Feb. (50
1st week Mar. (47
2d week Mar. (48
3d NX eek Mar. (48
4th week Mar. (49
roads).
roads)
roans).
roads).
8,878.591
8.182,655
8,606.740
8,527,38"
roailB).
12,y28.25>-
Ist Nseek Apr. i43
2d Week Apr. (42
3d veek Apr. (43
4th wi ek Apr. (40
1st week May (42
2d week May ;42
3d week May (30
roads).
roads).
roads).
7.670.982
7.870.10(1
7,900.475
10,152.570
7,396.318
7,667,810
6,873.440
9,475,624
7.403.362
8.010.341
7.853.800
11.643.059
0.990.950
7.203.788
IrUO.-Ss
Jnc. or Dec.
Mar'-h
12.329
WiscouBiu Cent.. Match
558,143
vVrightsv
Yazoo
&
+ 1.2^5,l!t9
+ 680.032
-t
060. olr-
691.7ol
7.'208.724
-.
9.059.903
0.903.872
7.104,329
6.525,111
+ 512,06.
+ 432.440
+5o3.4el
-348,035
8-58
1104
9-71
9-25
9-59
5-62
21
7-02
5-33
Jan.
Mar.
Dec.
Jan.
&
&
Manistiquo
.Maryland & Pennsylvania..
Mexican International
;Mexican Railway
(Mexican Southern
;
.. ..
,
Mexico
Philadelphia <fc Erie
Pitts Cin Chic <& St Louis
Rio G randc J unction
Pacilic
<fe
Seashore
aud
MONTHLY SUMMARIES
4,»7 1,291
12,cs72
10,057]
to
I
1
417,308
544,204
105.95.
550,3771 7,501.640
Current
Year
Dec.
Mar.
Apr.
Apr.
Mar.
May
May
May
May
May
May
Apr.
3Iar.
Mar.
Mar.
Mar.
Mar.
Apr.
Mar.
May
Mar.
Previous
Year
$20 2,684
60,250 ;t;332,146
232,708
338.19
19,937
19.601
4,928.803 4,547.057
730.038
702,450
21 2.161.241 1,863,517
21 2.517,508 2.519.502
31 4,970.992 5.218,728
121.614
3
116.25a
20.097
18,933
30
30
54,953
50,951
31 1.642.405 1.833,^58
6 2.154.000 2.272, luO
423.002
433,549
21 14,503.994 15.165,052
21,
504.230
037.369
21115. 128. 224 15,802.421
21j 4,702,500 4,046,967
30!'24.998.200 23..55 1.430
31
.247.125 2,185.125
31 28,541.902 26,443,702
31
Inc. 1,3 39,300
31 3. '249.063 2,948.763
31 1,527,924 1,483,216
30 8.179.994 7,634,960
31
157,779
173.804
21 4.483.920 4.404.108
31
700.204
711.264
Mar. 31
Mar. 31
Mar. 31
Apr. 30
jMur. 31
Mar. 31
May
May
151.302
6,722,120
hic.
ij>3
itloiitlily.
Current Year PreviousY'ar] Jnc. or Dec.
rrts.)
rda.)
rds.)
rds.)
rds.
rds.
rds..
rds.
rds.
rds.
rds.
an.
Jan.
Jan.
Jan.
J an.
Jan.
Jan.
Dec.
Jan.
.Ian.
NI.VixMi— iVeciily
.Muuih Aug. 1904 (122
.Ml nth Sept. 1904 (124
Moutu Oct. 1904 (124
.Mouth Nov. 1904 (124
Mouth Dec. l'J04 (123
Month Jaiu 1905 (116
.Month Feb. 15»05 (117
Month Mar. l'J05 (118
Mouth Apr. 15*U5 ( 58
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
I
Northern Central
ePennsy., East of P <te E
eWestof P& E
Phila Baltimore & Wash....
<fe
.Ian.
Jan.
Jan.
Jan.
Jan.
Jan.
New Y^ork Central
xa-*
lo
Mar.
Jan.
Jan.
Central Branch
'
Jan.
Jan.
Jan.
Jan.
Jan.
.Missouri Pacitic
RR of
to
to
to
to
to
,lan.
.
TotaL
519,030 4.ii40.839
Period
,
—597.033 6-30 Montli Jlay 1904 (128
+ 779,21)3 Uro-2 Month June 1904 (108
t 590.399 7-30 Moui h July l'J04 (125
+ 073. 5?^
678,196
Allegheny Valley
.Atlanta <fe Chiirl Air Line
Atlantic & Birmingham
Belief onte Central
Ll C. C. iK HI. Louis
Peoria <fc Ea.^ tern
International & Gt North'n
Interocean-lc of Mexico
Lake Erie
Western
.Vlauisteo
North Eastern..
'.National
l25.75i<
379.556
511.106
20.377,315
3,240.970
3,S49.089
126,419
43,5401
15.0I>0
T'u.. April
Miss. V April
it
VARIOUS FISCAL YEARS
JE.Vli
P.C.
3dwk
Lie
<S£
West Jersey
AOOi&KQAXKS OK
Sea'e .March
Wm'sport&N.Br
(
roads)
roads).
roads;.
Jiilv
ite
<!tz
roartB).
hanimys
Current
Year
M Rt P & S St M 3d wk May
Mob Jack K C. WkMay
2,691,992
,714.963
5,99(>,o9() 5.619.278 50.049.953
Atch Top & S Fe. April
332,146 2,804.509
3G0,-j50
Atlai)ta<fe Char.. March....
01.147
757.543
88,795
Atlantic ifeBlr... Maich
2,101,006 1,980,740 16,170.176
All Coast 1-iiiie... MaruU
1'20,288
13,011
15,444
Ann ti L.. March
Bait
April
5,723,534 5.501,230 56,081,719
Baltife Ohio
224,403 219,562 1,588,659
6anRor& Aroot*; March
47.00-'
3.800
4,935
Bellefonte Ueut'j April
4.-.;72
35.025
3,595
BrldKt & Baoo K. March
104,511 141.39b 7,100,888
Butt Koch & fUtt- 3dwk May
94,133
72,908
823.956
Bullalo ASnsq... VI arch
109,922 100,873 1,261,41'.
April
Cal ISorlhw'n.
70.300
03.700 3,362.400
Canadian North. 3(1 \vk May
Canadian Pacliii 3dwl£ Maj 937,000 951,000 44.555,579
107,200 153.100 9,142.944
Cent'l ol' Geo^^i^ 3(lwk May
i,yos,i5e 1,939,308 18.560.234
Cent'lof N Jersej April
l,96v;
2,591
107.834
Chattau bouih'u. 3awk May
1. 841!. 344 1,657,820 15.401.559
Chesap & Oliio... Match
884.550 900,599 9.242.313
:;hio<& Alton Ky. Alarcu
Chlo Gt Wesleru. 3'iwk May 132,3i)5 125,558 6.759,825
2hicInd&L'v... 2dwk Maj 105.553 101,300 4.827,145
4,-.iyi,(!25 4,03?.778 37.880,577
Chic Milw & 8t i March
4,309.794 4.,038.200 40,090.600
Chic & North \V April
980.709 870,924 9.177.502
ChlcSlPiM &0. March
31,782
30,200 1.354.922
'Ohio Term Tr Kt 3dwk May
Cin N O & T Pac. -dwk May 131,3t<5 128,022 0.358,062
1,818,272 1.714.430 17,070,151
CI Cin Oh & 8t L. March
238,929 273.73:; 2,229,977
Peoria <fe East'u .March
112,t;47
88.2^:9 5,312,014 5,044,55l»
Colorado & fcjouth 2awk May
27.028
21.325
181.794
177.522
OolNewb&Lau. March
54,»ll
454.078
32.630
378,011
Copper Range.... March
13,551
47,64 4
56.232
5.345
Cornwall
March
192.652
27,951
180,401
18,313
Cornwall <fe Leb . March
320.40U 304.300 14,900,192 14,598,569
Denv.&JRioQr... 3dwk Ma\
91,714
8O'J,O50
91.903
820,052
Det & Mackinac. April
19.954
21.038 1,274.537 1,341.736
Detroit Southern. 2a wk Maj
59.057
4L.060 2.388,528 2.242.242
Du.lSo8h&Atl.. odwk aiay
brio .............. March
3.002,739 3,621.333 33,445,106 33,423.235
4,029
30,135
3.384
32,00
F'rchild&N'r'e'n April
58,493
5.747
6,400
04.853
Fariuv& Powhat arch....
62.011
55.919
592,525
557,747
-on John8t& Gl. April
.Vt
211.917 172,910 1,924,022 2,014,936
& Deuv City Mbrch
229.497 1.890,884 1,919,271
March
2.J0.184
Georgia KK
120,730 131.942 1.426.308 1,429.849
G a South A Fla.. April.
57,4:(7
35,84;)
filla ValGd, N.. October...
^r Trunli System 3dwk May 648,170 095.8^8 30,983,003 30,164,599
77,139
98,33; 4,423,205 4,557,748
GrTr. West'u Istwk Maj
18,1117,928 1,251.455 i,058,0>4
DetGrH&M.. IstwkMaj
3,030,038 2,647. 'JOl 34,587,113 32,87 ,501
Great Northern April
211,254 225.071 1.987,102 1,919,710
Montana Cent'J April
3.247,«9-- 2.873,57^; 30.574,275 34.797,211
Total system. April
30.4J5 1,027,031 1.004,203
30.050
Gulf&ShipIsland 2dwk Maj
4l7,5o.>>
Hocliing Valley.. Apiil
370,05- 4,95:>,0o5 4,852,021
3,891,801 3.530,378 41.717.480 39.012,347
Illinois Central.. April
19.13::;
229,02lJ
200.466
Illinois Southern April
25,360
924.828
TndlU&Iowa... January,.. 154.770 147,069 1,023.141
113,015
87.004 6,635,923 5,198.723
lui Ji GtNorth'j] 3kUw May
i20.43;>
131.981 5,375,445 5.302,9071
,'.Iut6roo(Mex)... 3dwk May
40.15b
43,94;^
"owa Central
3d\vk May
2.280,887 2,113,777
142,271 147.603 1.319.324 1,255,250
Kanawha <fe JNlicli iMarch
018,113
SanCity South' ii aroh
550,040 4,972,317 4.945.111
442.190 438.492 2,645.763 2.770.983
LaUeErie&Westn December
2,780,901 2.694,420 22.867,047 21.980.351
Lehigh Val RR.. March
41,S83
39 1,625
i.,exing <te JKast'u. viaroh
36.500
337.2^
Inc.
55, .-503
Long Island ... March
5,335,542 4,954,476
82,129
508.482
Louisiana (X Ark. March ...
71,782
009.792
Louisv <& Nashv. 3dwk May 721,4:i5 /; 6 7 0.7 8U 34,268,098 33,230,623
10,54;i
Macon & Hlruj... AprU
115,037
7,705
113.665
4,2m2
Man'tetii&Gr. ivi'p November
5,802
34.187
37.332
3-20.265
Manis <& No fas Maich
42.778
41,9afc
306,305
April
5.-2e4
Manistique
01,024
4.665
06.383
30.174
Maryl'd <fc Penn.. Apill.
257.684
28,380
267,437
2,270,'240 2.347,081 21.418.237 21,502.400
JMexloan Cent'l.. April
019.U94 657,093 4,972.055 5.205,131
j Mexican lateru. March
WkMay 6 1:^4.300 llO.lOu 5,064.100 5.022.500
JMexicau Ry
21,410
23.309
977,'249
961,219
JMexicansouili'ii UiwkMay
Millcn ifc So'w'u. March
7,402
5,819
14.'.i35
12.312
Mineral Range.. odwk May
004.332
518.077
54.347
Miniieap it St L. 3dwic Maj
40,174 2,053.563 2,539.998
Mo Kau * lexa.'- 3av\'k Maj 342,121 284,804 17,937,178 15.815,897
Mo Pho <St Iron Mi 3dwk Maj 7'ii8,000 677,000 37.066.988 37,108,337
29.000
Ceniral Brancli 3dwk Jiay
2S>.000 1.396,230 1,000,309
757.000 700,000 38,403.218 33,774,70b|
'loial
3dwi£ Maj
WEKKLY SUMMARIES
Week
or Month,
I'acilio.
O .feNoJiast. April.
Ala <fo Vlekeb't; April
Viclfsb 8h Ja. V. April .,..
Abu Arbor
Current
Year
July
p
I
130.935,613
113.351,491
132.242.621
145,292.493
151.475.024
159.732.95M
154.304.117
140.74^.102
127.073.058
113.714,506
134.660.380
114.280.175
139.712.599
144,558,473
147,338.530
—3.724,773 2-77
154.758.62-.
+ 4.;»74.337 '3-21
I
—928.084 0-81
— 7.40y,978
5-35
0-51
+4.136.488 2-81
+ 734.0'20
140.909,470 + 13,394,641 9-51
130,889,040 +9,fi58,462 7 -'20
1
'
l').2'20.O7>
117,252,13.^
1-13,022.857 130.879.54t
51, '243.441 47.140.17!.
rds.)
1
P.C,
+7.852.980 !6-58
—3.537.629 3-01
rl2.743.311 |9-73
+ 4.103.262 8-70
: .viexican currency,
b laoludes the Hdus. ite Tex. Cent, and its subsid. lines in Oota j'eitrs.
e Covers lines directly operated.
(/ Includes
the Chicago <fe Eastern Illinois in both years.
k Atlanta KiioxvlUe <& Nortuem included in both years since April 1; it had previously been
InoludoU in 1905 since Jan. 1.
Latest C^roBS Earnlnsrs by Weeks.—In the table whloh
follows we eum np separately the earnings for the third
week of May. The table oovers 30 roads and shows
6'S3 per cent increase in the aggregate over the same week
last year,
3d week of May.
Ajin Arbor
BTitaao Booh.
<6
1905.
Plttsb'K
Oanadlan Nortaem
OanaOlan Paeiflo
•,>enirai ot Georsria
Chattanooga Soatbem...
Cliioaxo wreat W«8t«m.
OUo. Term. Transfer
Denver dt Bio Grande ..
Dnlutb Bo. Shore A Atl..
Gr'nd Tmnk of Canada i
Tmnk
West ..
>
Det. Gr. Hav. A Milw. )
International & Gt.BTo..
Interoceanic (Max.)
Iowa Central
2,591
125,558
30,200
304,300
44,060
648,170
695,828
113,616
120,430
43,949
87,064
131,981
46,153
676,780
12,312
46,174
113,994
284,804
677,000
29.000
218,682
119,063
813,478
A LakeErie...
Total (30 roads) ........
Wet Increase (5-33 p.c.'..
6,873,446
169.9M
62,821
422,949
68.569
6,525,411
Decrecue,
*
3,319
S
1,96?
Mo. Kansas & Texas.....
Mo. Paolflo & Iron Mt . . .
Central Branch
National RR. of Mexloo..
Bt. liODls Soathwestem.
Bonthem Railway ....«
Texas & Paolflo..........
Toledo St. L. & West....
Wheeling
9
32,901
141,398
63,700
132,895
31,782
320,100
69,657
14,235
54,347
142,778
342,121
728,000
29,000
231,732
156,783
855.357
132,251
63,881
407,058
97,506
Wabash ..^..
increate.
951,000
153,100
721,43f.
NashylUe..
Mineral RanRe...
aUnneapollB & St. Lonls.
Minn. St. P. &S. Ste. M..
1904.
9
29.58?
164,511
76.300
937.000
167,200
&
liOolSTlUe
23,113
12,600
14,000
14.100
629
6,8 3'7
1,582
16.100
15,597
47,658
26,551
11,542
2,204
^,
41,655
1,923
8,173
23,784
57,317
51,000
•
-m
13,050
37,720
41,879
12,300
1.060
Previously rep'di32
rd's)
Alabama
Gt. Bonthem..
Ohio. indlan'llB & L/Otusv.
Otn. BT. O. & Texas Pao..
Detroit Southern.
Gull A Ship Island
& K. City..
Mobile &Ohlo
Rio Grande Southern...
$
$
7,119,906
63,150
105,553
131,385
19.954
36,066
6,638,33^
56,264
101,30(
128,022
21,038
36,416
Mob. Jackson
95,243
Total (42 roads)
..
o
46,669
'"r,i3"9
6,921
8.941
9,982
•8,785
8.385
1,597
19,772
20,730
7,667,810
7,164,329
166
958
cK.
552,551
503,181
49,070
13.
Net Eamlngs Monthly to Latest Dates.—The table following shows the gross and net earnings of Stbah 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 Chboniolb of May 20,
18G6.
The next wiltappear in the issue of June 17, 1905.
Gross Earnings.
Net Earnings.——
,
Boads.
—
—
,
Current
Previous
Year.
$
Previous
Year,
Current
Year
$
$
$
AtOb.T.&B. Fe.b Apr. 5,996,896 6,619,278 12,118,854
.
13,011
120,288
15,444
122,320
Babalo Gas Go
Apr
Got 1 to Apr. 30
California A N.W.a. Apr.
109,922
108,873
July Ito Apr. 3u.... 1,261,412 1,199,024
Cent. of Georgia.*. Apr.
746,478
651,400
July 1 to Apr. 3o.._ 8,620,544 8,068,421
Cent.ofN. Jersey.b.Apr. 1,968,156 1,939,308
July 1 to Apr. 80.. ..18,560,234 17,870,765
Detroit* Maok'o.aApr
91,714
91,103
July 1 to Apr. 3o
820,652
809,050
Falroh. &N. Ea8t.b;Apr.
4,029
8,381
July 1 to Apr. 30
82,002
30,135
4.317
5.587
39,160
40,968
22,519
18,284
225,818
194,589
24,594
3,649
317,507
212,728
151,012
94,510
2,340,382 1,941,519
941,172
906,716
8,858,938 7.894,401
23,166
33.721
254,992
26t5,02i
2,065
1,693
10,314
8,487
28,626
447,868
4,959,065
19.582
370,062
4,852,621
125,219
1,606,042
6,070
88,»11
1,583,578
10,890
10,669
665
2,617
A
def. 2,284
Longlslandb—
JauL 1 to Mar. 31
1,216,726 1,083,619 df.128,074 dM99.480
July 1 to Mar. 31
5,335,542 4,954,476 1,062,113
793,038
Marvland St Pen r.. Apr.
80,174
28,380
11,731
9,421
Mar. 1 to Apr. So
54,958
50,951
18,060
18,872
• Mexican Cent
Apr. 2,270,240 2,347,081
878,328
676,766
July Ito Apr. 3o... 21,418,237 21,'662,'466 6,887,985 6,369,075
N. Y. A Rockaway B.b—
Jan. 1 to Mar. 31
24.301
25.198 def.21,423 def.17,808
July 1 to Mar. 31
301,687
303,398
128,269
129,090
Pitts. O.C.&Bt.L.aApr.
Jan. 1 to Apr. 3o
8,179,994
BeadlQK Company—
PhUa.&Reart'K.b.Apr,
3,320,4.57
2,0.'^^.8^5
2,000,061
7.634,960
427.469
1,541,658
262,905
394,412
2,053,647 2,533,922
1,638,644 1,887,841
15,993,143 13,873,768
116,126
120,459
1,168,730 1,179,784
1,754,769 1,958.800
17,161,873 15,053,552
19,789
3,950
262,449
179,467
]
12.042
155,043
12,169
161,296
1,495
43,221
10,899
162,628
22,725
225,024
4.976
62,383
year, against
last
Int.,
.
Rentals,
etc.
—
,
-Bal. of Net Earn'gs.-^
Current
Previous
Current
Previous
Year.
Year.
Year.
Year,
Roads.
$
$
$
$
California & N. W..Apr.
26,938
26,839 def. 2.389 def. 23,240
July 1 to Apr. 30...
270,663
262,688
46,944 def.49.860
Cent, of N. Jersey.. Apr.
11613,837
11583,860
327,835
322,856
July 1 to Apr. 3o... 116,072,099 115,210,742 2,786,839 2,683,659
& Wyoming —
Jan. 1 to Mar. 31....
Hooking Valley
Apr.
July 1 to Apr. 3o...
Little Falls & DolgevilleJan. 1 to Mar. 31...
7,186
69,188
765,434
—
Jan. 1 to Mar. 31
July 1 to Mar. 31...,
Maryland & Penn.. Apr,
Mar. 1 to Apr. 30...
N. Y. & Rcokaway B.—
Jan. 1 to Mar. 31...,
July 1 to Mar. 31...,
7,258 d6f.9,420 def.1,188
77.126
*59,469
* 16,268
817,881 *1,203,886*1, 122,568
2,650
2,550
deM,985
67
430,486
1.408,860
3,228,417 1,375,739 1,443,429
July 1 to Apr. 3w.... 30,463,680 28,943,104 13,'939,'496 li;339!346
464,090
1,549.279
3,883
7,667
408,480 *df434,034 *df532,907
l,368,051*dof.t6,843'df.368,971
2,875
7,898
6,546
5,750
10,383
8,122
14,683
43,718
15,400 *def.35,096 def 33,208
46,200
*87,888
*85,115
ReadingAll companies
865,500
...Apr.
885,264
889.270 1,073,036
July 1 to Apr. 3o ... 8,665,001 8,852,640 8.506,872 6,200,912
Apr.
2,584
2,584
Texas Central
17,205
1,366
25,833
July 1 to Apr. 30...
25,833
236,616
153,634
Ulster & Delaware39,726
40,638 *def.28,143 *df.a7.g66
Jan. 1 to Mar. 31...,
*43,318
121,337
120,805
"36,190
July 1 to Mar. 31...,
After allowing for other inoome received.
Included in the fixed charges in this fiscal year are expenditures
for renewals, additions and improvements amounting to $80,652 for
April. 1905, against $47,748 in April, 1904, and to $1,360,897 for
period Jnly 1 to April 80 against $543,692 the previous year.
*
If
STREET RAILWAYS AND TRACTION COMPANIES.
Ghobs
EiJCMINOI.
12,142,9.17
& Wyomlng.b.—
Jan. 1 to Mar. 31
Hooking Valley. a.Apr.
July 1 to Apr. 30
Little Falls
Dolgev. b Jan. 1 to Mar. 31
$
a Net earnings here given are after deducting taxes.
b Net earnings here given are before deducting taxes.
X Includes $422 "other inoome" for April this
Year.
July 1 to Apr. 20 .. 56,649,953 57,715,249 119,390,730 t22,563,0C9
a.tl'ta<bChar.A.L.aMar.
360,250
332,146
130,430
105,974
July 1 to Mar. 31.., 2,304.609 2,706,560
899,946
967,630
Baltimore <b Annapolis
Short Llne.a
Mar.
July Ito Mar. 3i
$
Long Island RR.—
359
118,648
week ending May
U Figures are for
Deereate.
"i',084
136,409
Year.
$
,
Interest Charges and Surplus.
6,886
4.25S
3.363
119,782
A West's.
Net increase <7'02
9
528,236
143,330
Texas Central.
Toledo Peoria
Increase.
Year.
$
4.610,535 4,450,207
July 1 to Apr. 30... 29,721,667 28,877,326
Total both Co.'s.bApr. 7,930,992 7,678,624
July 1 to Apr. 3o... 60,175,347 57,820,430
Beading Co.b
Apr.
July 1 to Apr. 30....
Total all Co.'B.b.. Apr.
July 1 to Apr. 30...,
III.".*.'.'.'
Texas Oentral.a
Apr.
61,507
45,164
July 1 to Apr. 30...,
718,366
658,365
Ulster & Delawareb—
118,139
Jan. 1 to Mar. 31....
117,226
July Ito Mar. 31....
589,400
665,043
Vlrttlnla & So'thw.b Apr.
68,885
43,546
July 1 to Apr. 30...,
544,204
611,108
I7rlghtsv.& Tenn.bApr.
Xl5,090
Xl0,657
July 1 to Apr. 30..., X165.958 X151,302
Genesee
1904.
Year.
Reading Co. (Ooncl.) —
ooal A Iron Co. b. Apr,
28,937
443,278
348,035
Ket Earnings.
Current
Previous
,
Yeai:
Itoads.
15,891
over the same week last year.
1905.
Gross Earnings. —
—Current
Previous
year and for period July 1 to April 30 $3,925 this year,
against $4,100 last year.
1905, taxes and rentals amounted to $182,705
t For April.
against $299,344, after deduotlng which net for April, 1906,
was $1,936,149, against $1,933,593. From July 1 to April 30,
1905, net after deducting taxes and rentals is $17,551,160 this year,
against $20,607,101 last year.
For the second week of May our final statement covers
and shows 7*02 per cent increase in the aggregate
2d week of May.
Vol. lxxx.
.
$382
42 roads,
Genesee
.
.
THE CHRONICLE.
2214
Grand
—
b
. .....
..
.
Latest Qross Warnings.
Our'ni
WstkorMi Ytar. ertxfH*
Jtar.\
_____
Albany & Hudson .
American R'ys. Co.||
Aur. Elgin & Ohio. Rj
Blnghamton Ry
Boston & Worcester.
Burlingt'n (Vt.) Trao
Gas & Eleotrlo.
Cent. Penn. Tract
Oal.
Chicago
& Mil. Elec
OhlcA Oak
Park., c
April....
April....
April
April....
Aiiril....
April
March...
April....
April
April....
Cin. Dayton &Tol.Tr
Lighi
Citizens' Ry.
March...
(Muscatine, Iowa).
01eve.& So.W.Tr.Co..
Oleve. Palnsv. & E. .
Detroit United Ry..ii
Dnlnth Street Ry...
Bast St. Louis &, Bub.
Elgin Aurora & Sou.
April
April
April
A
Ft.
Wayne A Wabash
Valley Traction..
Havana
Eleo. Ry. Co
Jan, 1
to
Latest Date
Ourrent
FrsvioHt
Tsar.
Tsar.
9
9
9
81,157
75.0«7
21,122 19,780
114,93 104.786 d 1,205,991 dl, 162.392
44.140 28,585
128,7-.i8
95,42A
19,641 18,0t>2
74,001
67,721
32,78^^
26,523
5,940
5,310
21,911
19.899
142,506 329,247 1,270,318
879,226
43,273 40,139
162,425
160,170
35,827 28,063
114,542
87,937
258,684
69,13^ 66,756
270,726
95,873
37,674 33,768 101,261
8,708
89,404
16,10f
.Jdwk.Maj 91,184
Sdwk.May 12,201
April
111.02?
April
85,409
8.126
30.012
14,961
77,891
11,809
98,423
83,426
81,838
38,076
14l,78w
119,180
53.314
54,794
1,615,863 1,428,464
222,322
230,525
372,974
417,144
184,221
135,798
198,087
March
67,501 65,678
Wk.May21 [42,58C 129,763 1717,057
t
170,622
622,504
Honolulu Rapid Tr
March.
<b Land Co
Houghton Co. Bt. Ry March.
Hooston Elec. Bt. Ry March.
Traction Co.
[ndlanap. &East. Ry
Indlanap.&i Martins
vlUe Rapid Tran..
IndlanapollB&North
western Traction..
IlllnolB
April..
April..
April
March
Internat'l Tract. Oo.
System (Buffalo) . . March
Jacksonville Elec.Co. Mttroh
Kansas City Ry.&Lt. April
r.«hlgh Val. Trao. Oo.
Mitroh....
8tr«(»t Ky. I)ep
Klectrlo Light Dep. March...,
ficxlnfi'ton Ky ....... April....,
Lima £1. Ry.&Lt.Co. January
^
LondonSt. Ky.(C»n.) April
77,524
28,276
78,039
39,616
38,837
9X.949
18,067
27.164
14,021
30,106
7ft,438
15.778
864,460
64,125
309,386
68,119
9,984
6,676
82,769
23,184
26,284
a458
26,541
63,289
385,224 J 1 5,020 946,232
896,339
27,696 23.915
77,072
66,472
385,807 329,483 1,420,972 1,262,770'
40,706
14,64t^
26,798
26,207
12. 50^
34,028
13.344
22,645
20,825
12.140
107,650
45.495
96,811
25,207
52,519
94,531
42,544
20.8^5
44802
May
Lateit Brost Marning*.
Obosb
Our'ni
Ytar.
Wetlt or Mo
Prtv'Hi
Ytar.
9~
Had. (Wis.) Traotlon. March.
Bf at West Side £lev.. April..
AfU.£leo.B7.<bLt.Oo April..
MIL Lt. He«t <b Tr. Oo. April..
Montreal Street By.. April..
Mimele Hartford A
Wayne
April
April
Northern Texas Trao. April
Northwestern Elev.. April
Oakland Tract. Oons AprU
Olean St. Railway... April
Orange Oo. Traotlon. March
Peeba.L't'K&BR.Co. April
PottST. Union Traot. April
Bys Oo.GMn.— Koads. April
April
Light Oo'B
Boohester Railway .. April
Ft.
BTor. OUoTr.
i
Prevtow
Year.
Hear.
7,734
7,014
187,494 182,88'i
354,788 252.95^
42,573 31,001
202,946 186,472
13,94^ 18,607
68,838 63,064
53,431 43,770
119,669 111,326
122,246 107,332
10,934
7.876
7,308
6,818
8,386
6,911
16,891 14,469
26,812 21,998
1,936
1.927
129,803 116,586
7,35';
12,307
51.468
261.728
187,661
469,004
442.998
35,856
19,022
33,994
59,820
96,41«
8,357
524,029
26,314
49,108
241,664
160,984
437,845
383,885
28.866
18,657
31,103
52,310
77.198
7,915
466.263
15,104
,
,
,
Boch.&East.Rap.Ry. February
Rockford Belolt &
JanesYlUe
April
Bt. Joseph (Mo.) Ry.
S
10,21s
9,597
35,289
32,486
Lt.Heat&Pow.Oo.
Ban Fran. Oakland &
San JoseRy
April.
53.122
45.956
217,467
199,366
April.
47,412
34.359
170.666
122.565
Bao Paolo (Brazil)
Tram. L't & Po. Oo.
Wk May7.
18,421
Savannah
15.459 1.177,314 940,138
117,712
126.385
278,563 247.904
575,888 545,393
534,159 542,941
295.676 270,530
81,500
95,262
42,024
132,819 123,520
19,308
678'673
134.424
534,640
44,598
827,451
930,988
78,702 1,557,070 1,481,576
714.694 2,538,72«J 2,495,372
569,609 2,231,573 2,112,966
23,281
78,059
78,627
148,233
37,602
169,547
Elect. Oo. March.....
44,554 39,871
Soranton Railway... April
75,75^ 66,064
Seattle Electric Oo... March.... 194,20S 183,837
South Side Elevated. April
137,851 137,25(
Syracase Rap.Tr . Ry April
75,745 69,040
Tamoa Electric Oo... March
33,523 89,90(1
45,82t
Terre Hte.Tr.&LtOo. March
Tol. BowLQr.A 8o.Tr. March....
22,992
147,15!'
Toledo Rys. & Light. April
Toronto Railway .... Wk May2t> 49,681
Twin Oity Rap. Tran. Zdwk.May 84,687
Un'd Rys.of St. Louis April
598,671
United of San Fran. April
590,602
Wash. Alex. & Mt. V. April
23,078
Yonngstown-Sharon April
43.763
I spaniBn suvei.
8 These are results for properties owned.
a Decrease due to a strike and boycott.
b These are the combined earnings of all the constituent companies.
c These are results for main line.
d Figures here are from July 1.
n These earnings Include the Detroit United Ry., Detroit <k Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
Street Railway Net Earnlngrs.— In the following we
Show b3th the gross and the net earnings to latest dates of all
iJtreet railways from which we have been able to procure
monthly returns. As in the case of the steam roads, the
returns of the different roads are published by us each week
as soon as received, and once a month (on the last Saturday
of the month) we bring together all the roads reporting as is
^one to-day.
—
Gross Earnings.
f
Net Earnings,
Current
Previous
Cnrren t
Previous
•
,
Tear.
Tear.
21,122
81.157
249.261
44.140
128.728
19,641
74,001
211,629
19,780
76,087
234.845
28,585
95,424
18.062
67,721
195.908
6.771
14.814
57.601
17.119
39.473
8.227
29,869
97,624
23,596
87,592
442.506
1,270.318
329,247
879,226
111,799
342,515
91,992
272,365
43,273
160,170
35,827
114.542
40,139
152.425
28,063
87,937
6,067
7,907
19,320
58,350
1,154
3,082
15,876
44,259
37,674
101,261
422,574
16,105
54.794
33,768
95.873
423,835
14,961
53,344
15.421
35.764
178,468
6,4S5
16,311
6,233
24,447
179,025
5,462
16,521
39,404
141,789
30,012
119,180
14,029
46,079
5,235
24,876
387,057
.^4?i,384
1,435,075
62,878
194,784
1,268,125
51,646
187,108
98,423
372.974
33,425
878,054
147,935
519.600
25,080
84,527
60,477
226.829
16,016
159,106
127,571
393,835
24,766
72.299
47,462
188,020
11,414
148,466
55,578
170,622
24,103
72,691
14,669
60.697
Tear.
Tear,
$
Soetdt.
Alb'ny&Hud.RR.aApr.
Jan. 1 to Apr. 30
July 1 to Apr. 30
Aurora Elgin&Chlo Apr.
Jan. 1 to Apr. 3u....
Blnghamton Ry.b. Apr.
Jan. 1 to Apr. 3o....
July 1 to Apr. 30
California Qas
Elec-
6,303
14,762
73,574
7,684
21,483
6,341
&
Corporat'n.a.Mar.
Jan. 1 to Mar. 31
tric
Central Pennsylvania
Traction Co
Apr.
Jan. 1 to Apr. 30
Ohio. A Mllw. Eleo.Apr.
Jan. 1 to Apr. 30....
Oinoinnati Dayton dc Toledo TraotlOD.b...Mar.
Jan. 1 to Mar. 31....
June 1 to Mar. 31
—
Olev.Palnesv.&E.aApr.
'60
Cleveland & Southwest'n
Traction Oo b
Apr.
Jan. 1 to Apr. 30
Detroit United Ry.n (all
.
properties) .a
Apr.
Jan. 1 to Apr. 3o
Dnluth Street Ry.b. Apr.
Jan. 1 to Apr. 3u
East
St.
Louis&Sub.Apr.
Jan. 1 to Apr. 30....
Elgin Auro.&So.b. Apr.
July 1 to Apr. 30....
Fort Wayne & Wabaeh
Valley Traction ..Mar.
Jan. 1 to Mar. 31
Honolulu Rapid Transit
& Land.b
Mar.
Jan. 1 to Mar. 31
Houghton County St. Ry.
(Hancock. Mloh.).Mar.
Jan. 1 to Mar. 31
Houston Elect. Co.. Mar.
Aug. 1 to Mar. 31
m
Illinois Tr.Co.a.. Apr.
Jan. 1 to Apr. 30
Ind'p'lls & East. Ry. Apr.
Jan. 1 to Apr. 30
Indlanap. & Morthwest
Traotlon Co
Mar.
July 1 to Mar. 81....
^/^
Gross Earnings. —
—Cm-rent
Previous
an.\ to Latest Dat
Current
S
9
22,750
20,878
730,483 713,178
906,815 1,006,443
154,261
117,999
801,276 723,723
& Lt. Oo
Jan. 1 to Apr.
,
THE CHRONICLE.
27, 1905.
ABNItfaS.
—
^
j
..
/
Roads.
$
Electric Railway &
Jan.
Oct 1 to Jan. 31....
Xet Earnings.—-,
Previous
Tear.
C^irrent
Tear.
Tear.
$
$
$
International Tract. Co.
System (Buffalo) b.Mar.
335,224
816,020
Jan, 1 to Mar. 31
946,232
896,339
July 1 to Mar. 31.... 3,198,961 3.071,104
Jacksonv.Elec. Co.Mar.
27.596
23,915
Jan. 1 to Mar. 31
77,072
66,472
Kan. City Ry.&Lt.aApr.
385,307
329,483
Jan. 1 to Apr. 30
1,420,972 1.262,770
June 1 to Apr. 80.
4,030.680 3,530,202
Lexington Ry. b... Apr.
25,798
22.645
Jan. 1 to Apr. 30
96,811
141.536
99,756
356,485
280,026
1,459,930 1.290,014
12,248
9,355
33,171
24,122
161,594
128,870
549.990
422,164
1,697,694 1,346,560
9.427
7.084
34,950
Lima
Light Co
25,207
91,263
12,508
52.519
7.734
22,750
Lond.Bt.Ry(Can.)aApr.
20,825
76,788
12.140
44.802
7,014
20.878
Jan. 1 to Apr. 3v....
Madison Traotlon. .Mar.
Jan. 1 to Mar. 31....
Milwaukee Elec. Ry. &
Light Co..b
Apr.
254,788
252,959
Jan. 1 to Apr. 30....
996,815 1,006,443
Milwaukee Light, Heat St,
Traction Oo.b.... Apr.
42,573
31,001
Jan. 1 to Apr. 30....
154,261
117,999
Montreal St. Ry.... Apr.
202,946
186,472
801,276
Jan. 1 to Apr. 3o
723,723
Oct. 1 to Apr. 30.... 1,489,390 1,309,151
Muncle Hartford
Wayne Ry
&
10,108
37,824
2.998
8.827
2.814
6,561
5,086
22,68S
2.622
5.023
2.801
7.994
128,846
480,983
125,740
461,826
22,753
75,587
77,596
217,351
463,159
13,912
47,399
61,100
187,368
417,446
Fort
13,946
51,468
13,607
49,108
6,544
23,980
20.704
68.838
261,723
63,431
187.651
122,246
442,998
10,934
35,866
96,234
7,308
19,022
87,633
8,386
96,681
63,064
241,664
43,770
160,984
107,332
383,885
7,876
28,866
83,906
29,273
111,444
24,541
77,745
65,243
206,792
4,448
15,663
46.421
25,560
96,291
20.517
64,166
56,729
178,358
3,036
11,843
41,955
6,818
18,657
83,484
6,911
91,761
229
1
def.lS
def,621
23,387
3,097
40,376
19,150
2,053
36,726
Feb.
12,307
July 1 to Feb. 28....
154,223
Rochester Ry. Co.bApr.
129,803
Jan, 1 to Apr. 80....
524,029
July 1 to Apr. 30.... 1,308.969
Rockford Belolt & Janesvllle
Apr.
10,212
Jan. 1 to Apr. 30....
35.289
7,357
f991
116,588
466,263
1.131,135
50,584
62,676
228,743
593,843
51.635
184,895
512,811
9,597
32.486
4,697
13,388
3.512
7,601
53.122
217.457
45,956
199.366
22.308
84.128
17.802
78.120
47.412
170,666
44.654
125,385
75.755
278,563
194,203
576,888
76,742
736.290
33,523
95,252
45,826
132,819
84,359
122.665
39.371
117,712
66,064
247,904
183,837
546,393
69,040
695,611
29,900
81,600
42,024
123,520
27.771
103.013
17,106
48,653
33,929
105,080
68,496
176,972
31,867
313,547
12,930
37,335
13,026
39,134
19,502
66,076
14,569
44,66a
26,450
85,681
53,767
156,697
27,817
289.812
15,974
34,837
10.682
81,864
19,308
22,992
134,420
147,169
534,640
578.078
Jan. 1 to Apr. 80....
837.402
356,213
Twin City Rap. Tr.bApr.
Jan, 1 to Apr. 80
1,389,516 1,325,474
United Tr.(Alb'y)b,—
390.401
401,420
Jan- 1 to Mar. 31....
July 1 to Mar. 31 ... 1,289,982 1,243.808
10,307
68,006
277.927
184.405
700,347
4.429
57,029
283,483
176,599
671,610
168.607
533,267
105,923
891,090
20,611
74.060
_ _
14.746
56,990
Jan.
Co. a.. Apr.
to Apr. 30...
1
6,843^
t^orth.OhioTrac.&Llght
Oo.a.
Apr.
Jan. 1 to Apr. 3y....
BTorth.Tex.Traot.bApr.
Jan. 1 to Apr. 3o....
Oakl'd Tract. Con.bApr.
Jan. 1 to Apr. SO.
Olean St. Ry. Co... Apr.
Jan. 1 to Apr. 3o....
July 1 to Apr. 30....
Orange Co. Tract. ..Mar.
Jan. 1 to Mar. 31....
July 1 10 Mar, 31.
PeeksKlULt.&RRaApr.
July 1 to Apr. 3o....
Rochester A East'n Bap.
Railway
St.
def.
760
Joseph Ry. LlghtHeat
& Power
Apr.
Jan. 1 to Apr. 30....
San Fran. Oakland & San
JoseRy
Apr.
Jan. 1 to Apr. 30....
Savannah Electric. Mar.
Jan. 1 to Mar. 31....
Soranton Ry. Co.... Apr.
Jan. 1 to Apr. 30...
Seattle Electric Co.Mar.
Jan. 1 to Mar. 31....
Syracuse Rap. Tr.b Apr.
July 1 to Apr. 30....
Elect. Co... Mar.
Jan. 1 to Mar. 31....
Terre Haute Tr&Lt. Mar.
Jan. 1 to Mar. 31....
Tampa
Toledo Bowling Green
<&8outh'n Tract.. Mar.
Tol. ByB.&Lt.Co.a.Apr.
7oungstown-Sharon By.
Apr.
<bLt. Co.a
43,763
169,547
Jan. 1 to Apr. 80....
111,023
417,144
35,409
374,314
Tear.
,
1 <L>
37,602
148,238
a Net earnings here given are after deducting taxes.
bNet earnings here given are before deducting taxes.
f Ten per cent of gross Income charged into operating expenses in
February, 1905, to create a reserve fund for damages.
The Illinois Traction Co. Is a consolidation of Danville Urbana A
Champaign, Urbana & Champaign By. Qas it Electric Co., Danville St.
Ry. & Light Co. and Decatur By. & Light Co.
n These earnings Include the Detroit United By., Detroit & Port
Huron Shore Line and the Sandwich Windsor & Amherstburg By.
t Deficit due to a strike by the trainmen and a boycott by the trades
m
unions.
67,501
197,087
9,706
29,634
10.187
29.632
1458
28.276
38.837
282.360
91.949
354.460
18.067
64.126
14,021 f(lf.20,017
39,616 def.19,278
18,129
30,106
100,555
260,190
32,908
75,438
161.138
309,386
6,652
15.778
21.986
58,119
1,627
2,209
10,637
78,394
26,283
124,565
7,737
24,271
26.541
268.668
8.926
108,168
26,284
77,624
27,164
78,039
Interesi unargres
and SnrplvB.— The foUowing Stbbbs
railways, in addition to their gross andnet earnings given Id
the foregoing, also report charges forinterest,&o., with the
surplus or deficit above or below those charges,
.
Roads.
Int.,
Rentals,
—
of Xet Earn'gs.—^
Current
Previous
.—Jial.
Previous
Tear.
Tear.
Tear.
Tear.
$
$
$
$
A
ElecCalifornia Gas
k49,329
tric Corporation.. Mar.
Jan. 1 to Mar. 31.... kl47,651
(Xnclnnatl Dayton A ToMar.
ledo Traction
Jan. 1 to Mar. 31....
June 1 to Mar. 31....
etc.
Current
16,498
63,594
168,639
k48,958
kl40.624
62,470
194,864
43,034
131,741
16,326 def.1,077 def.10.093
48,902 def. 17,840 def.24.46617,604
161.421
9,929
1
THE CHRONICLE.
2216
—
.
— ^Bal.of Net Eurn'gs
Int., Rentals, etc.
Cxirrent
Previous
Tear.
Year,
$
Jioads.
Detroit Dnlted Ry. (all
Apr.
properties)
Jan. 1 to Apr. 30....
Dnlnth Street Ry... Apr.
Jan. 1 to Apr. So....
Elgin Aurora & So. Apr.
July 1 to Apr. 30...,
>
$
-^
Current
Preoioiu,
Year.
Year,
$
$
91.059
367,751
16,754
66,941
9,233
92,771
88,303
355,972
16,523
65,848
9,134
91,774
*60,442
*167,392
8,326
17,586
5,783
66,335
*42.386
*52,282
8,243
6,451
2,2S0
66,692
4,816
14,521
4,377
13,056
*5,369
•16,187
*6,108
*17,460
3,527
10,336
8,646
66,996
4,167
16,667
3,403 def.23,544
9,670 del.29,612
4,483
7,934
33,559
60,981
2.485
4,166
5,319
16,666
def.1,776
def.7,461
Honolulu Rapid Transit
ALand
Mar.
Jan. 1 to Mar. 31
...
Eongtaton County St. Ry.
(Hancock, Mich.). Mar.
Jan. 1 to Mar. 31....
Houston Elect. Co. Mar,
Aug. 1 to Mar. 31...,
Ind'ti'Us&East.Ry.Apr.
Jan. 1 to Apr. 3o....
International Tract. Co.
System (Buflalo)..Mar.
2,014 def. 37,876
137,632
400,826 deX.46,342 dM20,800
92,743
223,762
1,187,271
6,259
9,229
3,098
14,704
24,121
9,418
768
3,392
6,326
11,308
189,522
402,827
Jan. 1 to Mar. 31....
July 1 to Mar. 31.... 1,236,168
JftOksonv. Eleo. Co. Mar.
3.017
9.060
Jan. 1 to Mar. 31....
Apr.
6,038
Lexington Ry
23,642
Jan. 1 to Apr. 30....
Milwaukee Eleo. Ry. &
Apr.
74,974
Light Co
294,617
Jan. 1 to Apr. 30....
Milwaukee
Trao. Co
Lt.
Heat
19.539
75.905
22,454
84,613
140,906
Jan. 1 to Apr. 30....
St. Ry.... Apr.
Jan. 1 to Apr. 3o ...
Oct, 1 to Apr. 30..-.
Montreal
Uancie Hartford
Wayne Ry Co
&
73.300
293.804
*54,971
*192,060
*53,527
•172,360
15.712
60,648
20,836
74,087
126,434
8,214
def.318
68,142
182,738
812,253
deM,800
deM3,247
&
Apr.
2,703
17,413
3,571
7,606
8,000
16,000
4,166
16,667
843
2,878
7,313
4,704
Northern Ohio Traction
& Light Co
22.917
91,668
11,602
42,244
31,721
124,342
2,968
11.018
26,868
22,466
90,068
9,760
88,324
26,867
106,268
2,627
9,883
24,696
6,356
19,776
12,939
35,501
83,822
82,480
1,480
4,815
19,683
3,094
6,226
10,767
26,882
30,162
72,090
2,627
10,616
2,696
10,786
2,070
2,872
816
13,425
82.437
10,554
31,661
18.661
74,612
34,862
74,877
20,450
203,292
1,886
8,724
9,726
27,786
41,765
170,148
»97,325
1389,300
8,231
80,366
10,034
30,784
18,411
73,486
23.542
70,217
20.348
202,973
2,009
6,259
9,248
28,l76
41,969
166,842
190,277
t387,769
14.346
50,576
6,652
16,992
15,268
30,468
83,634
101,096
11.417
110,255
11,046
81,611
8,300
11,348
26,241
107,779
87,080
311,047
86,839
13,965
28,578
1,386
3,688
15,060
66,641
86,322
813,741
86,241
269,859
76,147
228,441
•81,683
•276,713
*82,160
"179,560
Apr.
Jan. 1 to Apr. 80....
North. Texas Tract Apr.
Jan. 1 to Apr. 30....
Oak I'd Tract. Cons. Apr.
Jan. 1 to Apr. 3o....
Olean Street Rvb.. Apr.
JtUL 1 to Apr. 3o..-.
July 1 to Apr. 30...,
Bockford Belolt & JaneaApr.
vllle
Jan, 1 to Apr. 30....
San.Fran. Oakland & San
Apr.
Jose Ry
Jan. 1 to Apr. So....
Bavannab Electric. Mar.
Jan. 1 to Mar. 31....
eorantonRy.Oo....Apr.
.ran. 1 to Apr. 3o....
Seattle Eleotno Co. Mar.
Jan. 1 to Mar. 31....
Byraouie Rapid Tr. Apr.
July 1 to Apr, 30 ...
Tampa Elect. «;o. Mar.
Jan. 1 to Mar. si....
Terre Haute Tr&Lt Mar.
Jan. 1 to Mar. 31....
Tol. Rys. & Lt.Co.Apr.
Jul 1 to Apr. So...
Twin City Rap Tr... Apr.
Jan. 1 to Apr. 3o....
United Trao. ( Alb'y )—
Jan. 1 to Mar. 31....
July 1 to Mar. 81..-.
608
l,9tJ0
17,369
def.3,185
11.271
38,720
4,525
13,776
8,039
12,226
30,225
86,480
7,4fc9
After allowing for other Income received.
t Fixed oharjies include dividend on preferred stock.
k Includes also sinking fund charKes.
•
—
Annual Reports. The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of tne Railway and Industrial and Street Railway
Sections. Full index tor last quarter was In V. 80, p 1475.
This index does not inclade reports in to-day's Chronicle
Railroads. Etc.—
Page.
hailkoadb. Etc.—
Pao'.
19H
1726
1853
186«
1727
Central A So. Amer. TeleBraph,...1727
Central Union Gas Co , ^. Y
1865
Chicago Kdison.
1970
Cleveland Akron & Columbus
1911
Colo. Kuel & Iron (Hlateuent to
N. Y. Slock Kxchan(?e)
1726
Common wealth Klect., ChlcaK0...197ii
Consol. Gas Co. of New York.itbi, 1910
Corn Crodocts
1M63
Electric Co. of America
General Electric..
1726.1786
Gottlieb- Bautraschmldt-StrausB
Urtwlnif
1974
Grand Trunk Ry. of Canada
1909
Hunt. & Br. Top Mtn. RK. & Coal. 1724
Kan^a1 City So. (circular by manaeeuieni)
1921
Lake Shore 4 Mich. Southern
1852
M(,'.\iCHn Inltrnallonal
1669, 1«»7«
nM
Mexlo. 71 TeleKrnph
MlchiKan Ct-niral
National KK. of .Mexico
17:^7
li-52
1»0'<,
New AiiisierdHm Gas.
New Kuelaud Teleph. & TeleK
New York Chic. 4 St. Louis
New Y" rk Kdioon
New York Mutual Gas I^Kbt
Norihein I'acilic (bal.sh. Feb. 2-<)
Northern Union Gas
Oreijon Short Line (oal.8h.Jan.31).l9«w
PIttsburKh Oil * Gas
1731
Pittsburgh Coal (Htatemeat to
1919
N. Y. Siock Exchange)
1-55
8tand«rd Gas Light (<).. N. Y..
Tennessee Coal lion & RR
107U
United Klec. Light & P wer. N. Y i8i«
.
.
United Gas Improvement
Shoe Machinery...
United Slates Rubber
United States Steel Corp.
to Mar. 81).
18ofl
1922
1U69
Uiilfed
(3
mos.
1728
Callforna Gas & Klec'rlc Corp ...l^ilO
Capital Traction (Wash., Ii.C.) ...18H0
Chicago City
869
Chic. & Oak Park Blev. (6 mos.).... 1171
Consol. Ry., Conu. (balance sheet
Mar. 1, 1905)
1910
EatilSt. I,oui»
A Huburban
Inersiate Railways
I.,oulMVillo Ity
West Side Kiev
Muskegon Traction & Lighting
M(;irop.
1858
for |5, 176,000,
"The combined property and constraction accoantB of the oompsny
on Dec. 31, 1904. amoanted to $14,315,472. The companies claim to
own four special franclilsea granted upon specific conditions to tbe
Citizens' Ulaminatln^ Co. and the Maniclpal Electric Light Co. (both
of these companies were merged into the Edison Company) and the
Kings County Electric L'ght & Power Co. and the Eiison Electiio
Illaminating Co. of Brooklyn."
&
"The Kings Coanty Electric Light
Power Co. leases its
plant to the Eiison Electric Illuminating Co., which operates it IncoDJuaction with its own, and out of the gross earnings of both plants pays all expanses, including interest upon
the funded debt of both companies, and pays over the net
earnings of its operations to the Kings County Electric Light
Power Co. The income account of the Illuminsiting Company for the year 1904 shows :
Oroas earnings
$2,507,813
Income from rentals, etc
5,346
&
Total Income
*Operatlng expenses, taxes, etc
.$2,513,169
1,246,099
Net earnings
$1,267,060
Interest on bouas [on Edison 4 p. o. bonds. $1/1,000; Kings
Coanty 5 p. o. bonds, $125,000; Kings County 6 p. o.
606,660
bonds, $310,660]
Sarplus after payment of interest
$660,501
'Includes operating, maintenance, renewal and general expenses,
$1,050,255; taxes and Insurance, $165,350; interest on loans, legal expenses and accident damage claims, $18,920; doubtful accounts writ-
ten
off,
$11,574.
This surplus of $660,501 was transferred to the
County Electric Light & Powtr Co., which reports:
1904.
$6ti0,501
Net earnings of Edison Co. transferred
Interest on guaranty fund, deposits, etc
46,927
Total net Income
Dividends
Kings
1903.
$475,323
46.956
$707,428
$522,279
(8%)321,508(7is)237,364
$385,919
$284,915
Net surplus
•'The accumulated surplus, after paying interest and divi"
dends, at the end of the year 1904 was $1,047,704
The amount of current sold to consumers and the income
therefrom, and the cost par kilowatc hoar, are a3 follows:
1903.
32,205,831 b.w. hours
Current sold
9*46 cents
Income per k. w hoar sold.
Operating expenses
4 9938 "
1904.
35,062,019 k.w. hoars
8 80 cents
4*3163 "
4*38 cents
4-46 cents
Net earnings
Edison Electric Illuminating Co. has outstanding $4,275,000
of 4 p. c, binds, which, covering merelv its own property, do
not Appear in tbe balance sheet of the Kings County Electric
Light & Power Co. The balance sheets of the latter, as reported to the Chbonicle, follow:
BA.LA.NOB SHBiBT KINGS COUSTT BLBOTRIO LIGHT A POWBB CO.
Dec. 31,
1904.
Assets—
Property
$
3,«53,883
D'C. 31,
Dee. 31,
1901.
1903.
t
S,3»3,8e3
Goa'antyfund co^
ering lut. on pur
chaee money Bs. 1,000,000 1,00,000
Stock in other cos 5,176,870 6,176 870
Pretntum on stock
Bills receivable.... 3,110,000
Accounts recelv... xl,163.H53
Proflt
40,631
1,910,000
749,352
Dec. 31,
1903.
Liabilities—
S
t
5,000,000 3.750,000
Capital stock
First moriKage 5s, 2,600.010 2,60u,000
Purchase money Bs 6,176,00J 6,176,000
sold
and
loss
10,542
1.047.705
10,643
631,785
IbM'i
13.734,247 12,088,387
Total
13,734,847 1?,098,327
X Includes Edison Company, $1,136,824.
As to recent legislation, see Consolidated Gaa Co., V. 80,
p. 18e8, 1854.— V. 79, p, 1833, 788.
International Nickel Company.
^Report for Fisiol Year Ending March 31, 1905 J
The directors submit their third annual report
BoMDBD Debt -The total amount of bonds originally Issued was
:
$10,390,836; of this there hare b«en bought in and canceled for the
sinking fund $27.'»,00O; held in treasury for future slnkintr fnnfl requirements. $129,000; remainder in hands of the puollo. $9,9S2,838.
Additions ANi> Dkprkciation Accouhts.— During the year $716,379 was expended for new cor.siruotlon and additional property.
There was also provided out of earnings for depreolatlon the sum of
$144,667 and appropriated from surplus for improvement, dlsmantltm-^nt and exhaustion of minerals the sum of $142,000. As was
foreshadowed in our second annual report, we have written ofl the
sum of $379,864 for old and dlsmautlea plants.
Tr-ahurer James L. Ashley eaye:
all financial exhibits will only show profits as made by
actual deliveries to customers. All material in process will be computed at the aotual coot with )ut inter-company profits. The increased
demand for nickel has enabled us to reduce our stock oon»lderably,
and we have paid off during tbe year more than $1,000,000 In borr wed money, and now have no flDating debt other than current bills
for labor and supplies in process of auditing. All purchases of material and supplies, etc., are paid for in cash.
Hereafter
Street Rait.watr.—
871
1172
^^^4
1421
...1^86
I'hiladeloblaC'. of J'IIIb0...1c>68, 18,')H
Plilftburgh Railways
INHl
Sao Paulo TrumwMV Lt & Power. .1969
Twin City Rapid Transit
123
United RiillroadR of 8an h ran
1857
18 •-3 United Ky». & Klec, Baltimore... 17'.i5
lKr>6
United Rys. of rtt. Louis
1061
1853 United Rys. Investmeot Co. of
.1858
San Krauclsco
1009
1865 Wasblugtop Railway & Blectrlo...l232
19i7
18.'5
money mortgage bonds
Total
ANNUAL REPORTS.
IWIO
Legislature furnishes the following informa^^ion regarding
this compBuy and its subsidiary, the Elisoa Electric Illuminating Co. of Brooklyn, whose entire capital stock, $5 000,000, was acquired in 1898 and deposited to secure the purchase
Cash in banks
^
Alaska Packers' Association
American Beet. Sunar
Anierlcau Can
Brooklyn Union Gas
Brush Klcc. Ilium. Co., N. Y
BullertckCo ..
Klags County Electric Ligat & Power Co., Brooklyu, N. T.
^Report for Year Ending Dec. SI, 1904. J
The report of the Stevens Committee of the New York
40,264
118,301
291,012
Fort
Apr.
Jan. 1 to Apr. 30....
[Vol. lxxx.
President A. Monell says :
During the last fiscal year the new plant of the Canadian Copper
Co. at Copper Cliff has been completed, and the results of a limited
operation of the new works have IndloAted that thu company will
realize th) expected saving In cost of uroduotlon, from the policy of
dli-mautiliig the old plants and erecting a new one. The increased
bURinei-s has also raad« It nuoAssary that facilities for the lultjlng and
smelting operations In Canada be increased, and expenditures have
been authorized whloh will Increase the output of the Canadian matts
about 50 percent.
:
MAY
THE CHRONICLE.
27, 1905.]
Daring the year a valnable water-power, sltnated In the Spanish
Blver 28 miles from Copper Ollft, ban been aoqalred for the use of the
Canadian Copper Oo. The work of ereotlng oulldlnttn, of InstalUnfj
dame, tnrblDesand dynamoa.and oonBtrnctlngthe neoesaary tranemlaslon lines, iH b-lng proseoated at a total ewtlmatert cost, Incladlntr original cost of property, of $700,000, of which $234,491 has already been
expended. This plant will materially reduce the cost of operation.
Oar export trade has shown a conimendable Increase over the last
fiscal year, althongh competition abroad Is always active. We are
Btlll endeavoring to Introdaoe nickel into new commercial arts and have
been lalrly snccessful. notably in ihe adoption of the nickel steel eyebaiBlor the Blaokwell's Iflaud Bridge uu-w being built by New York
City. The work of harmonizing the operatlonsof the separate corporations still oontlnueH, and the coming year shoald show still further
tbls direction.
benefits
The buslceBS for the past year has been very good, with prospects
of Incieased bnt'lness and of larger earnings for the coming year.
m
BE8ULT8 FOB TBABS ENDING MABCH
31.
1906.
1904.
$
$
1903.
£8rntng8 of constttnent companies, exclusive of Nickel Corporation, Ltd..
and Sootete Mlnleie Oaledonlenne
(administrative and selling expenses
$
1,430,882 1,073,588 1,090,401
144,667
137,116
deducted)
Depreciation and renewal funds
Balance, earnings.....
Other income
Total net Income
General expenses
.1,2S5,715
3,723
936.472 1,090,401
29.754
29,016
1,289,438
118,081
966,226 1,119,417
112,186 110.024
1,171,8.^7
Interest on bonds
503.263
854,040 l,009,3t»3
512,938 4E0,244
Burplns for year
Previous anrpluB
668,094
763,251
341,102
569,149
559,149
1,431,345
443,715
900,2.'5l
559,149
Total
Exhaustion reserve
137,000
HH7.630
Totalsnrplus
763,251
OBNEBAL BALANCE SHEET MABCH
1905.
Advances to constituent compa860,268
348,362
1,483,272
2,fc27,':73
receivable
Miscellaneous ad-
107,263
166,328
vances
Cash
19,012
740,185
nies
a
t
cost
Accounts and
bills
62U,U0
Total.
2P,78i',0
o.
1904.
£
S
8,«18,68fl
8,821»,662
Preferred stoci... 8,91V,626 f,912,626
blocks of con. cos.
not held by Int.
65,013
Nickel Co.
55,«43
Net bonded debt.. 9,08Z,836
3. ,8l9
Ady. by Soc. M. C.
&
bills
.
.
.
Un presented coup.
Jiepr. & ren. tund.
l,r 67,071
859,660
7,264
255,398
Other res've funds
»6'9,309
losssurp..
987,880
930,896,167
Mar. 31
St
10,22] ,837
pay.
Accounts payable
and payrolls
Accrued taxes
Profit
The properly account
1905.
UabiHtUa—
Common stock...
I..<)ans
88,?80
559,149
31.
1904.
Assets—
t
t
Property account..37,C0'*.686 26.8H4,276
Investments
55,331
4' ,000
Investments
Total
266,805
•7,573
856,0^6
2of,860
15:^- 60
763,'iBl
29,780,009 30,896,167
mideup
as follows:
Property owned and operated by constituent companies.
Including Investments in stock.^ of Nickel corporation,
Ltd., and Societe Mlntere Oaledonlenne, as of March 31,
1904..
$26,864,276
Ailjustmenta during year In foregoing balance
cr. i27,o«3
Expenditure on new construction
7i6,879
of
last is
Total
$27,463,592
Didnot insurance recoveries, sales of sundry material, reocverel from plants and special depreciation written olt
Net property account
—V.
.
444,906
22J7
non-union basis. Operations were gradually resumed at all of
the principal mines, except where the Introduction of improvements
caused a farther delay. The company now has in Its employ a suffloient
force of miners, many of the old employees having returned to work,
and men having been attracted from other Sta'es.
Th«^ Sumter mine. In the Bue Greek Division, which had beeu one of
the fl'-st to resume, was sot on flre early in the present aear. The Are
has since been extinguished, but It has not yet been possible to resume
work, and the direct and Indirect loss will be large.
Appraisal —Early In the summer of 1904 a committee of appraisers
Iron Co , the
was appointed, representing th'i Sloss SheUleld Steel
Republic Iron & Steel Co. and this company, to estimate the amount
and
Iron
ore ownnd by each company. An exand quality of the coal
amination covering several months was conducted, as the result of
which a report slenea by every member of the committee was submitted showing that this ompany owns in fee over 395,000,000
tons of red ore, of which 381,000,000 tons are graded as llrst-claas,
10,177.000 tons ol brown ore and over 1,623,000,0c tons of coal, of
which 809,1 1 2,000 tons are ooklcg coal. In the non-ooklng soal Is Included 300. 000,000 tons of Cahaba steam coal, which is unexcelled In
the South for S'eam and domestic purposes, and commands th^i highest
market price of any grade of coal In the district The men in charge
of onr Iron mines e»tlmate the holdings of Iron ore of the company
to be Htm larg«'r, viz.: of first class red ore, over 4iso,000,000 tons; of
sfoond-olass red ore, over 95,000,000 tons; and of brown ore, 16,strictly
&
900,000 tons.
Financial— During the years 1902 to 1904, inclusive, the sum of
$t,024,2')2 has been expended for repair and maintenance aoooaut,
the entire sum being charged to cost of operations. During the last
four years, expenditures for new construction amount to $5,512,233, and for the purchase of mineral lands, exploratlotis. etc., a farther sum of $401,007 has been expended, a total of, approximately,
$6,000,000. After deducting the proceeds of properties sold, a net
sum exceeding $5,250,000 has been expended for this purpose. This
entire sum has been provided out of net earnings tor the period, for
though The bond^^d debt has been Increasel, the current liabilities
have been correspondingly decreased, and nearly $2,000,000 of marketable seoui'lties of the company are held in the Treasury, so that
the net indebtedness, fixed and floating, shows an actual decrease on
Deo. 31. 1M04, as compared with Jan. 1, 1901.
During the same period, wit hthe exception of the years 1903 and
1904, the entire snrpius of the company has been applied to the reduction of the book value of its plant and equipment; this in addition to
an ample provlaion for depreoiation, which oonstltutes a regular
monthly charge against operations. As a result, althongh the actual
value of the properties has Been Increased by over $5,2C 0.000 In four
years, their book value has remained practically stationary. Every
item of these expenditures has been carefully considered, and we believe that the stockholders are Justified in anticipating a large retnrn
from them. The year upon which we are entering gives promise to be one
of extraoroiuary activity In the iron and steel trade. With prices
yielding a handsome profit, and with the increased production by reason of the extensive improvements, the prospect is most encouraging.
Capital Expenditures During 1904.
For new blast furnace and equipment (under construction)
and for new blowing engines, additional boilers and miscellaneous improvements
$605,079
For re-equipment of Red Mountain mines, and the development and equipment of the brown-ore properties at Greeley (Ala.), and Bartow (Ga ); also for opening and equipping new dolomite quarry at Ketona (completed in April)
247,273
For 160 new dwellings, new boilers and electrical equipment for mining, haulage and pnmplng at coal slopes Nob.
4, 5 and 8, Pratt Divlnlon; for new coal-washlng plant and
pumping plant at Johns, and new hoisting engine at
Somter, B ue Greek division for opening new slope in
Henry Ellen field (not completed), and for minor Improvements
177,303
For completing hot-metal mixer, converter and gas producers, and various extensions ac Ensley Steel Works
139,517
For npw roofing mill, etc at Bessemer Rolling iVllll....
5,104
Net additions to land account
57,827
;
,
.$27,008,686
78, p. 2387.
Total capital expenditures
Tennessee Coal, Iron a Railroad Company.
Report
for Fiscal Year Ending Dee. 31, 190U J
f
Chairman Don H. Bacon says in substance:
General Results.— Up to Oct. 1 the year 1904 was one
of low
prices for t>lg Iron, a very large ronnage havlnc been sold on the batds
of $9 for No. 2 foundry. Blnce Oct. let prices have been much hi>:her,
but the output of our furnaces bas been restricted owing to the strike
Of the union coal miner?, which began In July and materially redact d
thr) output of coal and ooke. The five furnaces at Eosley, however,
which supply the steel plant not only have been kept continuously In
operatlun, bat have made new high records for prodaottou ai; a much
lower cost, largely because of the improvements Installed daring this
and the preceding year. New lurnaoe. No. 6^ at Enaley has been completed, and is aboat to go Into blast. This lurnaoe Is equipped with the
latest devices, and we believe will be the largest single producer of
iron In the South.
The Enslej steel plant has had a very sncoessfnl year. The output
was largely Increased by the Improvements Introduced The average
momhiy
prcduot of steel for the last half of the year shows a gain ol
over 25 p c und Tor the last quarter a gain of over 4o p. c.. as compared with 1903, the product per month for October, November and
December, 1904, exceeding 20,ooo tone. The operations of the rail
mill have demonstrated onr ability to produce open-hearth steel rails
of BO superior a quality as to insure a market for all that the mill Is
able to produce, inquiries for the current year having far exceeded the
supply. Th« mill was in steady operation during the entire year, and
the output In December was over 16,000 tons of llnlshed rails, exceeding by 100 p c. the best month
1903. The open hearth department
Is tieing enlarged byihe construction of another furnace, which will
Incrfase the product 2,000 to 2,600 tons per month.
iMPHOVEMiiNTS —The work ol improving the properties, lnau{;nratcd
by the prrseijt management, has gone forward steadily, although on
account of uncertain trade conditions during the earlier months com-
$1,232,103
Capital Expenditures fob Four Years. 1901-'04.
Blast furnace plants.. .$l,^91, 995 Coal properties
$679,480
Ensley steel plant
50,729
1,658,440 Bessemer rolling mill..
Iron mines and limeGeneral building
13,866
stone quarries
1,517,721
Purchases of land
Devel. of min'l lands. .
Total expenditures
Less sales of property
337,903
50,803
1
$6,000,944
654,648
Net additions to prorerty in three years
list of plants owned and operated shows
$5,346,296
The
Blast furnaces, number of stacks, 17 steel wotks, ten 50 ton basio
open hearth steel furnuoes, one 2.'0ton primary furnace, one 15 ton
converter; blooming mill; rail mill; foundry, machine shop, etc
rolling mill, 24 single puddling furnaces and muok mill bar guide, plate
and flrebed mills; Iron ore mines, red ore, 15 active mines, brown
ore, 6 mines and washers In operation
coal properties, 24 active
mines; coke ovens, number, 3,482; three limestone and dolomite
;
;
;
quarries.
,
m
paratively little new work was undt-it^. ken. The re equipment of the
red ore mines. Inaugurated in 190?, has been oomiaeted, and these
mines are noweqalpped as well as any like mines In the United States.
Our ability to produce has so far exoteded our o-wn requirements th*»t
we have been able to make sales of ore for the coming year to outside
furnace interests on terms very advantageous to the company. At
Greeley, Ala., »nd Bartow, Ga the work of development has been
prosecuted with vigor, and a very large body of brown ore, sufficient
for several yeares' operations, has been uncovered. In the co-»l department advantage was taken of the ("trlk-1 to eqa'p other of th« mines
In the Prait tie d with electric haulage, pumping and ''oaicnttlng
miiohlnery. Thte work Is now approaching completion in Pratt mint s
Now. 4, b and 8.
STBiKE.— The strike Inaugurated by the Unl'el Mine Workers of
America In the oal mines was for us the most important event of the
year. Mining ceased July let, when the existing scile expired, but a
strike was not declared until August. The nominal question Involved
Was one of wages and rules, but the dltferencea in these regards were
Bll(tht, the real point at Issue being the authority of this company over
I'scoal mines. The strike having beeu declared, the management
,
immediately announced
its
purpose to reopen
all Its
mines on a
The usual comparative figures of earnings and balance
sheet were given last week. See page 1970.
American School Faruitare Company.
fReport for Fiscal Ytar Ending Dec. 31, 1904.J
The following is taken from the President's report:
Capitalization —There has been no change in the capital stock.
The authoriz d Issuelof bonds is $1,500,000 six per cents (due 1929), of
which $288,000 are unsold.
General Rbsults.— The total volume of sales for the year was
10,524; the gross profit being
$2,868,49!S; costof the troods sold. $
$757,974. There was paid In c immlsslons $136,582. The sains and
administration exrenses were *45H. 328. There was charged off $78,412. The net gain was $93,473. The surplus on Deo. 31, 1904, after
Interest and other charges were dfcd acted, was $1,282,471. The outstanding loauF), bills and accounts payable, etc., were $296,026 less on
Jan. 1. 1905. than on Jan. 1. 1904.
The following reductions In expenses were made during the year
1904. as compared with the year 1903: S^les department exoenses.
$24,900; sundry expenses, $34,622; executive expenses, $31,820;
M
total reduction. $ il .342
CAPITAL EXPKNDITORK8.—The outstanding liabilities, Including
bond«, wero less on Jan. 1, 90-^, than at the end of any Hical year
since the oomDany's formation. Since Its organ)/, itlon, March. 1899,
the company has disbursed $1 ,838.7»d In completing the payment for
and betterment of Its manufacturing plants. Of this amount $ti79,238
was paid from earnings.
Change in Accountino— Daring the year 1904 the entire system of
accounting was changed by the Ins'allation of the Biker Vawter system, and the auditing depsrtraent U now in charge of Mr. John J.
Hoefman, Auditor, late of the Baker-Vawter Co.
i
—
J
THE CHRONICLE.
2218
The income accounts
for three years past apparently
>—For municipalities.—^
INCOMB ACCOnNT.
1903.
$3,199,035
3,019,458
1902.
$2,981,627
2,596,492
$»3.473
99,632
$179,597
113,291
$385,135
153,286
$9,980
$66,303
$231,849
1901.
$2,868,498
Op. exp,inoI.eoBt Of goods Bold. 2,775,025
Total sales
Net Rain
Dedaot lnt.obarges and depreo'n.
Balance to sarplns.
...def.
BALAMOB SHEET
1904.
$
Piant,sood-wni,&clO,,289,533
1,
Inventory
Cash
LiahttitUs—
$
4,883,800
stock
Preferred stock... 4,04e,3CO
$
Common
118,371
925,078
30,837
1,514.508
l,ua9,327
51,978
Bonds
609
11,302
«u9
25,000
Organization exp.
Blnkisg fund
Factory pur. acct.
oans&accts.pay
Miscellaneous
SnrpluB
Total
-v. 78, p. 1780.
22,186
50,000
868,293
11,820
I
62,443
4,883.800
4.04B,S00
I.IHO.OOO
31,544
ei.ion
1,131,992
(30-yr. 6s). 1,312,000
Conting't com'ls'n
Insurance (unexpired)
19C3.
1904.
190S.
9,958,155
and accounts
receivable
DEC. 31.
Z3,rtW0
1,292,451
l,8fc2,4?2
Total
Safety Car Heating
&
12,376,871
1
2,660,877
Ligbtingr Co.
^Statement for Year Ending March
SI, 1905
The profits of the Safety and Pintseh companies for year
ending March 31, 1904 and 1905 were as below:
SAFETY COMPANY (LIGHTING AND HEATING EQUIPMENT, ETC.)
1904-06.
1903-04.
$932,r07
Less expenditures. 132,078
$999,046
134,030
Net Income.... $799,929
$8e4",016
1908-04.
1904-05.
I
Net income
17^9,929
$^64,016
Le8S.dlviaend8(12}^)616,125(l3j639,445
|
To surplus
$181,804
$224,671
PINTSCH COMPANY (SALE OF GAS, ETC.)
1904-OS.
Gro's income
Less expenditures
Net Income
1904-05.
1908-04.
$732,891 $517,922
130,271
... 138,978
$593,913 $386,951
Net Income
Contracts
To
&
190304.
$593,913 $388,951
divid'ds.. 265,200
surplus
199,8i
$328,713 $187,151
For the two companies the combined surplus for the year
1904-05 was |518,516, contrasting with $411,730 in 1903-04.—
V.
r-.
Private partitt.
•'
" private work
Income from general contracting,
Miscellaneous income
1,436.564
1,795,226
1,180,752
30,324
31,152
€38,6.^5
&o.....
58,766
Total Income
Exvenses—
Costof crude asphalt.,,
$11,980,023
General Asphalt Company.
$510,822
$701,739
2,148,118
424,909
8.296,744
427.013
—
379,136
1,110,593
130.912
597,813
18,722
1,530,887
171,202
1,192,648
17,689
$10,478,418
$1,601,605
6,989
less expenses
205,257
Interest received
7,181
Interest and dividends on investments....
$15,290,086
$1,617,052
11,286
130,096
6,548
reflnlrg asphalt
"
"
miscellaneous materials
paving
Beserve for maintenance and repairs
Promotion
Cost of private work
Depreciation
General contracting, &c
Sundry branch expenses
Total expenses
Net trading profits
Rentals from real estate,
Total net income
Deduct
General expenses
Reserve for bad debts
Interest on loans and mortgage
—
$1,721,032
$1,764,932
$340,109
11,908
$284,832
185,484
210,084
210,162
14,141
$871,945
$849,087
$904,706
$860,226
136,092
272,120
104,'223
222,060
193,646
Total dednctiODB
Profit as per balance sheet
{Report for Fiscal Year Ending April SO, 1905,)
President John M. Mack says in substance
Babbbb Asphalt Paving Co.—This company's investment
Special expenditure charged off since end
of year for improvement of pavements
in 1903
:
In
and plants amoanted on Jan. 31, 1905, to $2,054,758, as
compared with $1,974,535 on Jan. 31, 1904; real estate $1,345,794,
current liabilities $546,993, against
as compared with $1,328,434
$1,584,225; borrowings on collateral $1,652,193, against $2,572,982
on Jan. 31, 1904. The total decrease In the two classes of liability
was $1,958,021. The current assets, consisting of cash, bills and
aocounts receivable, tax Hens and othf r seouiitles on baud, amounted
on Jan. 31, 1905, to $3,462,406, as compared with $3,462,729 on Jan.
31,1904; ratio ot cnrrent liabilities to current assets 15*8 p. c, as
compared with 48-75 p. o. on Jan. 31, 1904.
The ownership of a large amount of securities and the existence of
corresponding collateral loans are caused by the widespread adoption
by American cities of the system of special assessments against
abutting property, as distinguished from general taxation, in payment for public improvements, such as street paving. Special assessments are liens upon abutting property, interest-bearing and
frequently payable in from three to ten equal annual instalments.
Their sale is usually restricted to local markets. For many years the
company has had a considerable portion of its working capital
invested in these securities, upon whloh it has from time to rime
borrowed, pending sale or collection thereof. Long experience with
these securities has shown them to be intrinsically sound.
New Trinidad Lake asphalt Co.— During 1904 109,490 tons of
crude asphalt were mined from Trinidad Lake, of which 59,358 tons
were shipped to the United States and 28,970 tons to Europe. This
tonnage shows a decrease, as compared with 1903, of 71,686 tons, due
to large importations near the end of 1903, not consumed during
that year, ana to general business conditions.
New Yobk & Bermodez Co.— On Aug. 22, 1904, In a pamphlet
addressed by the General Asphalt Co. to its stookholderp, a full statement was made of the circumstances attending the seizure of this
company's property by the Venezuelan Government. Inasmuch as
this oompbuy has southt consideration of its grievance by the Goverrment of the United States, and the subJ'^cD has thereby oorce to
have diplomatic and international aspects, the General Asphalt Co. is
obviously restrained from further comment. While the Venezuelan
Government seeks to have the concession forfticed for an alleged
default which, if it exists at all, has existed for more than twenty
years with that Goverument's knowledge and acqaiesoence, yet the
Venezuelan Qovernmeut has not Impeached the company's raining
and land titles, although, under color of the attempted forfeiture of
refineries
GENERAL ASPHALT
1S05.
CO.
BALANCE SHEET APRIL
1901.
t
Assets—
$
Property account. 28,824,597 29,124,796
15,780
10,5C6
1,87 1,031
1,871,030
848,939
8S,7i8
2,748
Cash,
Bills
reo.
Barber,
Asphalt
Accts. rec. Barber
Asphalt
Exp. paid in'ad v'e
Commerc.
$588,106
$712,995
Balance Of profits
;
the concession, it has seized the property covered by three independent titles. [8ee pa^e 222o of this Itsue.- Ed]
The tonnage of crude asphalt mined from Bermudfz Lake by this
company in 1904, prior to the selzare on July '.^2, was 15,064 tons.
The tonnage mined and shipped to the United States since the eelziire,
by the receiver appointed by President Castro, 18 estimated at rrom
twelve to thirteen thousand tons. The disposition of these shipments
has been in the hands of parties known to have instigated the conspiracy to wrpBt Its property from the New York & Bermudez Co.
feiVoLCMK OF lUiHiNEfts.- During 1904 the general buslnesB condition
of the country alleoted the inclination or ability of cities to carry on
street-improvement work, and there was consequently a large decrease in the volnme of contracts for this purpose, although this
company continued to take Its usual share of the aggregate business.
The total income of all companies in 1904, excluding inter company
accounts, amounted to $9,794,010; in 190i it was $13,907,138; decreuseln 1904, 29i« p. c. Notwithstanding the decreased volume of
business, the net gain in surplus for the tiscal year, ascertained by
deducting from Income the cost of maltualning pavements under
guaranty In excess of the fund previously set ofl' for the year, was
$712,995, as compared with $578,315 for J903.
Bonded Debts —The General Asphalt Co. has no debts. The debentures of The New Trinidad Lake Asphalt Co., Limited, have been
droreaseil to $1,710,595 by the sinking fund. The 6 p. c. debentures
Of 1 he Barber Asphalt Paving Co. now amonnt to $882,100.
Tin; National Conteactino Co.— The complete liquidation of this
company awaits the outcome of important litigation. The company
recently Hecured a judgment, In the Supreme Court of the State of
New York analnst the Uudeon River Water Power 0>. for «547,69(J.
Tbih jadgnient Is subject to appeal. It is the result of a controversy
arleiDg from tho refasal of the Hudson Klver Water Power Co. to
pern.U The National Contraotlnw Co. to complete the construction of
a dam and power plant on the Hudson Klver.
$16,907,137
1,745,001
421,^93
5,629,195
283,766
"
Debenture interest
Income tax
79, p. 150.
—
1904.
1903.
1904.
1903.
Square yards laid by Barber Asphalt Co
2,363,470 3,642,797 739,911 1,081,363
26,913
256,108
12,973
33,481
Companies partly owned...
In 1904 the amount of brick, stone, macadam and bituminous macadam pavement constructed was 299,196 yards for all companies,
against 338,327 for 1903. The amount of sheet asphalt pavements
carried over by all companies on Jan. 31, 1905, was 707,979 yards,
against 1,022,632 yards carried over on Jan. 31, 1904.
The results for the 12 months ending Jan. 31, 1905, compare with those for 13 months ending Jin, 31, 1904, as follows:
13mo<
12 mos.
1904-5.
1903-4.
Income from—
$1,390,727
Sckles of crude asphalt
$954,658
"
" refined "
8,391,651
3,075,827
416,499
408,996
Sales of miscellaneous materials
6,085,329
8,996,133
Income from paving
Royalties
12,876,871 12.660,877
Grossincome
LXXX.
V^OL.
I
SHEET asphalt PAVEMENT OONSTBUOTED.
com-
pare as follows:
Bills
,
Litibillties—
Capital stock
30.
1905.
1904.
$
$
31,OCO,(00 31,000,000
Infest charged to
Barber Asphalt
PavlDK Co.,
expenses
leas
'
Surplus
97,828
681,347
Tr. Co.,
21,000
trustee
81 ,5il,347 31 ,097,828
Total
31.581.347 31,097.828
Total
COMBINED BALANCE SHEET OENKR4L ASPHALT
COMPANIES JAM. 31.
CO.
AND SCBSIDIABT
1904.
1905.
Assets—
Properties owned and operated; shares of
other COS. not operated by Gen. Asphalt Oo.$31,376,354 $31,058,933
Stock trust certfs. General Asphalt Co. owned
26,204
26,211
by subsidiary companies (book value)
146,048
185,521
Stock and bonds outside companies
--.
11,007
Mortgages receivable
Retained by cities on pavements laid under
guaranty.
Bonds, warrants and tax liens, pledged for
collateral loans
On hand
Materlats and supplies (net)
Cash
:..
Bills receivable
Accounts receivable (less doubtful accounts)
Expenses paid in advance
Commercial Trust Co., trustee
2,641,073
2,863,017
2,037,508
2,976,429
764,860
767,080
1.401.178
850,675
28,862
2,010,567
1,627.194
541.188
42,130
3,044,995
23,406
14,658
$11,308,475 $43,115,623
Total
Liabilities—
Preferred stock
(Common stock
$14,000,000 $14,000,000
17,000,000 17,000,000
Bonds underlying companies not owned by
Gen'l Asphalt or
its
subsidiary companies..
Mortga>i;es and ground rents subsiaiary COS..
Reserve for maintenance of pavements laid
under guaranty
Collateral loans
payable
Aocounts payable
Debenture redemption fund
Lake Corporation Co., Ltd
Fire insurance fund
.".
Surplus profits
Bills
New
2,692,695
165,438
2,638,495
160,437
3,707,131
1,652,193
285,310
374,790
3,999.629
241,196
60,634
1,279,088
194,193
57,092
850,435
2,fS72,982
«I8,912
963,443
Trinidad
$41,308,475 $43,116,623
Total
-V. 80, p. 1974, 1178.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Alleutowu & Slatingrton Street Ry.— Foreclosure Decree.
— Jndge Efldlich, at
Reading, Pa., on May 19, ordered the
foreclosure sale of this property for default of interest on
Safa
bonds secured by mortgage to Lehigh Valley Trust
Deposit Co.; upset price, $275,000. The sale will take place
L«?hlgh Valley Tracon June 19, that of the AUentown
tion lines on June 13, and of the Lehigh Valley Traction
lints on June 20, each at noon at the AUentown Court House.
See Lehigh Valley Traction Co. in V. 79, p. 738, and V. 80, p.
&
&
1912.
-V.
73, p. 615.
May
THE CHRONICLE.
27, 1905.J
2219
Coal River & Western Ry.—Swccessor.— See Coal River Ry,
American Railways, Philadelphfa.—5aZe of Subsidiary.—
Springfield,
under
above.—
V. 79, p. 2147.
Power
Co.,
O.,
&
Light
Heat,
People's
See
"Indnstrials" below.— V. 80, p. 649.
Denver & Rio S^rande RR.— New Director.— W. H. TayAngnsta Southern BR.— -Second Mortgage.—The share- lor, a Vice-President of the Bowling Green Trust Co., has
holders will vote June 12 on making a second mortgage to been elected a director.— V. 80, p. 871, 472.
secure $100,000 bonds.— V. 73, p. 935.
Everett (Wash.) Railway & Electric Co.— Consolidation.
Aurora Elgin & Chic»go Rj.— Extension of Pool.— A cir- —See Everett Railway, Light & Water Co. below.— V. 73,
cular signed by E V. Htle, H. P. Mcintosh, E G. Tillotson, p. nil.
M. J. Mandelbaum and H, R, Newcomb, announces that the
Everett (Wash.) Railway, Light & Water Co.— OonsoZipooling arrangement covering the $3,000,000 first mortgage dation. —This company, incorporated under the laws of
will expire by limitation on May 81, and suggests that the Delaware on Feb. 22 with $2,000,000 of authorized capital
agreement be extended for another year, the bonds not to be stock, took over on March 3 the property of the Everett
sold for less than 923^. Any one who wishes to exchange Railway & Electric Co. and the Everett Water Co. A genhis pool certificates for the bonds may do so by presenting eral mortgage to the Manhattan Trast Co. as trustee secures
them at the Cleveland Trust Company and paying $6 a thcu $2,000,030 of 20-year 5 p. c. gold bonds of $1,000 each, pressand charges as the expense of the pool.—V.
80, p. 1234.
Beaumont Sour Lake & Western Ry.— Bonds.— This
company has secured an appraisement of the property,
(Tlie)
to $295,566, upon the 19 77 miles of road comwill take steps shortly for the issuance of bonds.
The road extends from Beaumont to Sour Lake and an extension to Houston, about 82 miles additional, is projected.
President, Q. W. Meeker; Secretary, R, C. Daff ; Treasurer;
B. R. Norvell, all of Beaumont, Texas.
amounting
and
pleted,
Berksliire
New
RR.— ConsoZidaizon.-The
York
New
& Hartford RR. has applied to the Massachusetts
Railroad Commission for authority to consolidate its subsidiaries, the Barkstaiire RR Co., the Stockbrldge & Pittsfield
RR. Co. and the West Stockbridge RR, Co., into one company
to be known as the Berkshire Railroad Co., with a capital
$500,000 for the
stock of $10,787,000, issuable as follows
$600,000 stock of the Berkshire, $448,700 for like amount of
stock of Stockbridge & Pittsfield and $30,000 for $39,600 stock
of West Stockbridge.
Baffdio Rochester & Pittsburgh Ry.— Listed.—The New
York Stock Exchange has listed $1,500,000 additional common stock, making the total listed $10,500,000. See V. 80, p.
Haven
ent issue $675,000.
Bonds dated April 1, 1903, and due April 1, 1925,bat anbjeot to call
as an entire issue at company's option on any Interest dace at 107^4
and Interest on 60 days' notice. Interest payable Oct 1 and April 1
atoffloeof trustee. Amount outstanding $tj75,000; remainder $1,325,000 reserved to retire prior liens at or before matiurlty, as follows:
Water Company's bonds due July 1, 1921, $500,000; bonds of Railway
Company due April 1, 1921, $825,000. See p. 771 of Stkbet Railway
Section.— V. 73, p. 1111.
Flint River
Chesapeake & Ohio Ry.— Car Trubts O/ered.—Sailer &
Stevenson, Pailadelphia, recently purchased, and have
already sold the larger part of an issue of $1,800,000 of C. &
O. 4 p. c. gold equipment trust certificates. Series "G," dated
April 1, 1905. These certificates mature $180,000 on April 1,
1906, and $90,000 semi-annually thereafter, O^t. 1, 1906, to
Apr. 1, 1915, inclusive; denomination, $1,000; interest payable Oct. 1 and Apr. 1 at Fidelity Trust Co., trustee, Philadelphia. The equipment trust lease covers 18 locomotives
and 1,500 cars. The certificates are offered by the bankers
at prices to yield 4 3 p. c. Interest.
Purchase— Guaranteed Bonds.—See Coal River Ry. below.
—V.
80, p. 1423.
Chicago & Eastern Illinois UR.— Mortgage.—The Bankers'
Trust Co. of New York, It is understood, will act as trustee
under the refunding and improvement mortgage for $55,000,OflO which will be authorized by the shareholders on June 29,
Compare V. 80, p. 1728, 1856.
Chicago Breat Western Ry.— Listed.— The New York Stock
Exchange has listed $1,733,709 additicnal common stock,
making the total listed, $44,164,545,
or the new stock. $1,163,400 was issued
for the parchase of a like
stock of the Wisconsin Minnesota & PaolBo RR. issued
of new
for constrnotion and improvements, making the Great Western the
owner of the entire capital stock of that company ; an additional
$575,300 was issued for the same amount of new stock of the Mason
amount
City & Fort Dodge RB. Co., representing additions and improvements,
the Great Western now owning also that company's entire outstandlug share capital.— V. 80, p. 1856, 599.
Chicago & Western Indiaca RR,— Called Bonds.— Sixtyeight ($68,0C0) general mortgage bonds of 1882 drawn for redemption are payable on June 1 at 105 and interest at office
Co.— V. 80, p, 1234, 996.
of J. P. Morgan
&
Northeastern
RR.—New
Control.—Thla
by the
Lumber
Fort Wayne & Wabash Valley Traction Co.— Additional
Stock Listed.— The Philadelphia Stock Exchange has listed
$83O,CO0 additional preferred stock, making the total listed
$1,880,000.— V. 79, p. 2747, 2147.
:
116, 599, 1856,
&
25-mile road in Georgia was recently purchased
Thomas N. Baker Lumber Co. from the Higgston
Co. Thomas N. Baker is now President.
Halifax
& Southwestern Ry.— Consolidation.—The Nova
Scotia Legislature, recently adjourned, passed a bill permitting the Halifax
Southwestern to acquire the Halifax
Yarmouth and the Middleton Victoria Bsach railroads, and
for that purpose to borrow from the Province $1,075,000 at
SJ^ p. c. interest, viz., $13,500 a mile on the 50 miles already
Halifax and $10,000 a mile on
constructed of the Yarmouth
the 40 miles of the Middleton & Victoria Beach RR. When
the 85 miles from Liverpool southwest to Barrington Passage
Mann will have
is built between the two roads, Mackenzie
a trunk line from Halifax to Yarmouth, along the south
shore of Nova Scotia.— V. 77, p. 349.
&
&
&
&
&
—
Hocking Valley Rj.— Consolidation of Goal Properties.
Kanawha & Hooking Coal & Coke Co. under "Industrials" below.— V. 80, p. 1111.
Hudson Valley RR.— Status.— See statement regarding
Merchants' Trust Co. on page 2196.— V. 77, p. 950, 451.
See
Illinois Traction Co.~New Stock.—Reported Acquisitions.
recently Increased its authorized Issue of
capital stock from $4,000,000 to $5,5C0,C00. Compare Jacksonville Gas Light
Coke Co. under "Industrials" below.—
—Tnis company
&
V. 78, p. 1962.
Jacksonville (111.) Rj.—Sold.—A. press dispatch from Jack-
on May 11 announced that W. B. McKinley, representing the McKinley syndicate, has purchased the railway
for a consideration said to be $125,000. See Jacksonville Gas
Light & Coke Co. under "Industrials" below.
sonville
Keweenaw Central RR.—New Name— New Stock.— A
cer-
was filed at Lansing, Mich., on April 27 changing the
name of Lac La Belle & Calumet RR. to Keweenaw Central
RR. Co. and increasing its capital stock from $150,000 to
tificate
$1,000,000, all of one class; par of shares, $100; outstanding.
"No bonds Issued at present. Oj^ns
miles of
$500,000.
narrow-gauge road and will build 82 miles this year, standard gauge." The road will extend from Calumet to Lac La
Belle, Mich., etc.
President, C.;A. Wright, Hancock, Mich.;
Secretary and Treasurer, James H, Bailey, 45 Broadway,
7^
New
York.
Lake Superior & Southeastern RR.—New Line.— This
Ciccinnati Daytoa & Toledo Tractioo Co.— Holdirg Com- company has a line projected from Daluth in a southeasterly
pany.— See Ohio Traction Co. below.— V. 80, p. 1728, 1478.
direction, and has surveyed 115 miles to Ladysmith, Wis.
A
Cincinnati luterurban Co.— Holding Company,— See Ohio mortgage for $8,000,000 has jast been filed, for which William
L. Bull, Chairman of the Wisconsin Central Ry is trustee.
Traction Co. below.— V. 75, p. 497.
The
bonds are 20-year 5 p. c, $1,000 each, dated April 1,
Cincinnati Traction Co.— Holding Compar,ij.—See Ohio
1905.
A special dispatch from Duluth to the "St. Paul
Traction Co. below.— V. 80, p. 996.
Pioneer Press" says:
Guaranteed
Rj.—
Bonds O^ered.— Rudolph
Coal River
The company is In possession of nearly all the property required for
Kleybolte & Co. are offering at 98 and interest $503,000 of the line, having bought nearly a million dollars worth in Duluth and
,
this company's first mortgage 4 p. o. gold bonds unconditionally guaranteed both 8S to principal and Interest by the
;
Chesapeake & Ohio Ry. Co. The bonds are dated June 1,
1905; due June 1, 1945, without option of earlier redemption;
interest payable June 1 and Dec. 1 in New York; denomination, $1,000.
Central Trust Co. of New York, trustee.
A
Issued, $600,000; authorized, $3,000,000.
circular says:
The bonds ofinred are a part of $600,000 Issued to reimburse the
Gheeaoeake & Ohio for the purchase of the existing lines [built under
title of Coal River & Western Ry.], comprising about 22 miles of completed road. Additional bonds to the amount of $900,000 will be
Issued for the completion of the additional 45 miles, makln< 67 miles
In all. Annual sinking fund, beginning Nov. 1, 1910, 1 p. c. of the
bonds then outstanding to purchase these bonds at a price not exceeding par and interest, or. If they cannot be purchased, for investment
In other good securities, preferably Chesapeake & ablo bonds.
The Coal River Railway has been constructed as a branch of the
Chesapeake & Ohio from 8t. Albans, W. Va., to Holly, W. Va., 22
miles, and will be extended immediately through Logau and Boone
counties to a point beyond Madison, W. Va
making a total
of (i7 miles; construotion of Chesapeake & Ohio, standard. The new
line opens up the richest section of the Kanawha coal fields and a territory rich in timber. Its trhfiBo is all with the grade and Its cost of
fuel very low. Bonded debt per mile of road about $22,000 when
«xteneious now being constructed are completed.
,
Superior, where large stations are to be built.
Lehitrh Valley RR,— Application to List.— The New York
Stosk Exchange has been requested to list $20,100,030 general consolidated mortgage 4 p. c. bonds of 2003.— V 80,
p.
nil,
Little
222.
Kanawha RR.— Purchase of Coal Properties. —
Jr., Manager of the "Little Kanawha syndi-
Joseph Ramsey
cate," paid last week the final $450,000 due on account of the
57,000 acres of bituminous coal land located in Monongalia
and Marion counties, near Fairmont, W. Va., which were
purchased two years ago from Colonel Gaffey for a sum
stated as $47 50 per acre, or $2,707,500 in all—$1,000,000 in
cash and the remainder in four notes, one due each six
months. The syndicate planned to build a connecting link
between the
bath- Pittsburgh Terminal Rtiiway and the
Wa
West Virginia Central- Western Ma-yiand RR., completing
a through line to tide- water for the Gould roads. The recent
announcement by Mr. Ramsey that he would presently
retire from the presidency of the Wabash RR. was prompted,
it is understood, by a difference of opinion with Mr. Gould
respecting the management and future of the syndicate.
THE CHRONICLE.
2220
Morthern Pacific Ry.— See Uolon Pacifia RR. below.— V.
The history and plans of the syndicate are reported:
Little Kanawha gyndloate was organized to bay extenslvn
The
ooal
lands, and bi^gan batlriing tbrongh tho same a line from a point on
the Whe«>llDg ill Lake Erie at or near Z itief>vllle, O.. via Marl^'tta, O
Va to Bellngton, W. Va., on the West Virginia
and Parkerfbari?,
Central & Pirt^bargta, a distance of about 2o0 nill<>f). In oonneotlon
with thlc pr' J ot the syndicate purohasert the Marietta Colambns <fe
Cleveland RK (V. 75, p. 666, 793. 9S1), running from Marie ta, O to
Palos, O 4?) milee (3 miles trackage), brae ches 7 mlleo; the Little
Kanawha RR, In operation from Parkersburg, W. Va., up the Little
Kanawha iver to Palestine, W. Va,. a illsiance of 30 miles, and the
W
,
.
.
,
4 mile Bellngtrn & Northern RE. Ii aUo btalned ojttlons on some
40,000 acres of ooal land In Lewis and Qilmer oountles, W. Va.. of
which 30,000, It Is understood, was snbepqaently relit qnlshed; also
on the Klnohllow ooal tract, and apparently, too, on some 18,000 acres
In Southern Ohio, a snlt having recently been brought against Messrs.
Ramsey, Guy and Gould by .Tohn 8. Jones of Chicago for $460,000, for
fallnre to carry out an alleged agreement to purchase snoh a tract.
Tne subscriptions to the KTudloate at this time or later aggregated
$8,000 0(0, and the subsorlbf re, It Is said. Included besides Joseph
Bamsev Jr., W. E. Gay of St. Louis and George J Gould, Henry G
Davis. 8 B. Elklns, E. D. Fulton, A. Q. Blair. Adolph Basoh and others.
After some work on the Little Kanawha route, an opportunity oame
to buy tho 57,000 sores of valuable ooal laud in northern West Virginia, for which the flnal payment has jast been made. This Ind the
syndicate to give Its attention ohUfly to the bnlidlng through this
new tract of a railroad from a point on the Wabash Pittsburgh Tf rmlnal Rv. not far from Pittsburgh via Washington and Waynesburg, Pa.,
and Fairmont and Grafton, W. Va., to Bellngtoo, a distance of,
say, 140 miles, forming a route to the Seaboard considerably
shorter than by the Little Kanawha line, the plans regarding which,
however, seem not to have been wholly abandoned. For the new
route the charters of the Green County RR. of Pennsylvania and the
Bnckbannon & Northern BR. of West Virginia w?re acquired, and
$300,000 or more had been expended on construction, when the depression of 1903 occurred and work was temporarily stopped and has
not thus far been resumed.
80, p. 1972, 1858.
Ohio Traetioa Co Ciocianati, 0.— Amalgamation— Thia
company, incorporated under the laws of Ohio on May 23
with 120,000.000 of authoriz-d capital stock, of which one-half
is 5 p c. cumulative preferred, with preference as to assets
and quattf-rly dividends (the first payable Aug. 1), and equal
voting power with the common stock, has acquired:
,
ENTIRE CAPITAL STOCK.
Cincinnati Traction Co.
Cincinnati Zoological Co.
Cincinnati luterurban Co.
Cincinnati Car Co.
Traction Building Co. of Cincinnati. (V. 75, p. 1033.)
<
Mr. Ramsf y ia now quo+^ed as saying
The syndicate owns about 90,u00 acres of
:
fine coal lands. It has
bought aboat* SO miles ot operating railroads— the Marietta Oolumbua
& Cleveland, the Little Kanawha and the Bellngton & Northern— and
A
It has Invested about $i,OC 0,000 In engineering and construction.
total outlay of $6,^00,000 is represented In Its work so far, and there
is no Intention to throw away this money by qalttlog now.
The Little Kanawha syndicate will certainly complete th9 line
needed to develop its ooal lands and to connect ap Its railroads. If
this property Is not desired by ths Gould Interests there are others
who would be glad to take it. We have too much money invested to
atop now, when only a few millions more are required to complete the
See V. 76, p. 1030.
project.
RU—
Listed.—The New York
Minneapolis & St. Louis
Stock Exchange has listed |500,000 additional first and refunding mortgage 4 p. c. fifty-year bonds, making the total
listed $9,350,000.
An additional |495,0^0 of the bonds is in
the treasury.
Earnings —For the 9 mo3. ending Mar. 31, 190f5, inclnding
the results from operation of the D:i3 Moines & Fjrt D idge
RB. from Jan. 1, 1905., earningB wnre:
Net
9 mos.—
Gross.
(over taxes),
1904-5
$2,270,121
$863,4)5
1903 4
2,216,373
838,012
Balance,
Other
income.
Ohargei.
surplus.
$170,285
$821,018
$2ia,e72
Dividends on the preferred stock call for $100,000 setniannuallv^.-V. 79, p. 2147, 2085.
New Orleans Ratlwajs.— See New Orleans Gas Light Co,
under "Indnstrirtib" below,— V. 80, p. 1175, 1111.
New York & Ottawa Rj.— Deficiency Judgment.— A.
dffi-
ciency judgment of $2,043,607 has been obtained against this
company as a result of the foreclosure sale. V. 80, p. 323,
New York Westchester & Boston Rj.—Applicttion Denied.
Attorney-Qenf-ral Mayer en Wednesday denied the apollca
tion of Anthony Siumpf, a director of Ihe New York
Portchester Ry for leave to btitig an action in the name of the
Ptate to prevent the construction of the proposed road by the
N, Y. West. & Boston Ry. on the following grounds
(1) The N. Y. West. & Boston Ry. has substanlial legal grounds for
—
—
&
,
:
the contention that it lf> a valid railroad corporation, clothed with attendant corporate rights.
(2) Both the local public authorities and private land owners can
without intervention of the State protect themBelves in the courts it
they desire to resist the construct! jh or operation of this road.
(3) Grave irjustice might be dope if an action were brought In the
name of the people, as the City of New York has granted its consent to
the company to cross the streets of that city upon t^'rms which have
already involved the payment of a substantial sum of money.
(4) As the application involves a contest between two railway companies for Important and desirable operative territory, the companies
should be left to a contest between themselves without action oy the
Auorney General.
Referring to the adverse opinion of Judge Parker as to the
legality of the company's charter, it is answered that the
latter has been favorably passed upon by William B Hornblowfr, John Q. Johnson of Philadelphia, George S. Graham,
aod Cbarles E. Hughes, a^so the Corporation Counsel of New
York City and the ccuasel for the Railroad Commission.
An officer of the company makes the following statement:
We have had ."io men in the field surveying and have run 32 different
surveys in onler to seonre the best possible line of road. We expect to
begin construction work next week, and within two years we will afford rapid transit to the Bronx and the congested section lying between the Bound and the Hudson River —V. 80, p. 1913, 872.
Northern 8erarltles Co.— Shareholders.— The list of stockholderp, as dlt-closed by the certificate reducing the capital
stock, Is reported as showing, in part:
Shares,
James
Shares,
No
J. Hill
Mi^mbers mil family
Robert B»con
Baring,
MuRoun
&
James
L.
<^'lark,
(-odKe&Co
Co
Breeve
Marshall Field
Willis James
J'lhn f<. Kennedy
Jj
Daniel 8. Laraont
Lfe, K etchmar & Co
—V. Bi', y. 1913, 1887.
TVo.
Samuel H. Miller
Moore & Schley
10,001 John aioane
60,3lt John W. Sterling
25,600
do as trustee
72,8:S8 Lord Strathoona
7,821 RamaelThorne
32«.h70
33,ooo
81,371
262,T01
ll,.'ioi
16,240
F.
r
W.
Weyfrhfeiiser
P.
T.
Morgan & Co
[Vol. lxxx.
31,381
78,170
13,018
44,863
31,362
148,.'i00
30.062
20,040
2..S00
Stokes
24,875
(Par originally $IC0.)
I
|
ONE HALF STOCK
I
A LARGE INTEREST COM. AXDPBEF.
Day ton <b Toledo Traction Oo.
For tbe j-urpose of providing necessary funds for additions
and betterments to the property of the Cincinnati Traction
Traction Terminal Company.
Co., the
|
Cln.
company has authorized the sale of $1,938,000 of
The Ohio Traction Co, will then have
the preferred stock.
an outstanding iseue of $S, 500,000 preferred stock and $7,500,common stock, " No further issuance of stock of this
company will be made for the present, and any issue can only
be made for acquirement of other properties and betterments
to the present properties. Actual net earnings of the pre perties named for the calendar year 1904, $540,238."
Tbfi directors of the new company are
W. Kesley Schoepf, President Thomas Dolan and Randal Morgan
of Philadelphia, respectively President and Vice-President United Gas
Improvement Co.; P. A. B. Wldener. Philadelphia George W. Blklns,
executor of estate of W. L. Elkins. Philadelphia Hugh J. McGowan,
President Indianapolis Traction & Terminal Oo
Brlggs 8. Ounningham. President Oitiz-^ns' National Bank of Cincinnati; John Kllgonr,
000
:
;
;
;
;
President Franklin Bank, Cincinnati; Charles P. Taft, capitalist; William 8. Bowe, President First National Bank Cincinnati; Louis J.
Hauck, President John Hauck Brewing Oo.; William Cooper Procter,
General Manager Procter
Gamble Co.; Harry M. Levy of James
Levy & Brother; William T. Irwin, of Irwin, Ballman & Oo.
A
Irwin, BallmandSE Co. of Cincinnati are offering a limited
of the preferred stock at 105 p. o.
Oregron & Calif tmia R^.—Cal'ed Bonis.— First mortgage
bonds to a total of $396,000 have been drawn for cancellation
with proceeds of land sales, and will be paid at par and interest on Ju'y I, 1905, at the Uolon Trust Co.
See advertisement in to day's Cbroniole.— V. 79, p 2457.
FennsylTaula RH,— Application to List —The New York
Stock Excbange has been rf quested to lis- $1,1C6,650 additional stock, making the total listed $302,711,950,— V. 80,
amount
p. 1913, 1729.
Portland (Ore.) Consolidated Street Rj.— Sale Pending.—
Press dispatches from Portland, Ore., state that Prank J.
Brown of Sin Francisco, who represents the Crocker and the
D. O Mills interests, has practically arranged for tho sale of
the control of this property to a syndicate of Pennsylvania
capitalists representlDg J. & W.Seligman & Co. of New York
and E. W. Clark
Co. of Philadelphia, for about f5,CO0,O00.
V. 79, p, 2086,
Fablic Seryice Corporation, New J er»ej.— Reduction of
Oas Rates in Jers y City —JSew Plant,— The municipal
authorities in Jersey Cltv having taken steps to obtain a reduction in gas rates, President McCarter of the Public
Service Corporation recently announced the intention of the
company to reduce Its price for gas In that city not later than
Jan. 1, 1906, from $1'10 to $1 per thousand cubic feet. His
statement, which contains some interesting information regardirg the company's new gas plant and its charges for
electricity as well as gas is in part as follows
The present price charged for gas in Jersey Oily is $1'10 per 1,000
cubic feet. The comranv has long had under consideration the reduction of this price to $1 (the net price now charged Iq Newark, and the
genf rally accepted standard in cities of Its siza and location), but has
been aw«lting the partial completion of the new West End plant on
the HackensHok River, with its modern apparatus for gas makingApproximately, f500,O(i0 has already been spent upon the construetlon of this plant, and by the time It is completed there will have been
an outlay in connection with it of $1,000,000. This plant has recently
commenced to operate in a small way, but will gradually make more
and more of the gas that Is used in Hudson County.
The base rate charged for electricity in .lersey City la 13 cents per
kilowatt hour, the same base rate as has for some time been in existence In the City of Newark and many other of ihe large communities served by the Public Service Corporation. It is the lowest rate for
which current can be generally sold with any fair margin of profit to
the company; it Is much lower than the base rate charged in the City
of New York, and it will bear favorable comparison with the rate
—
&
:
charged throughout the country —V. 80, p. 1421, 652.
Rutland (?t.) Street Rj.— Status. -See statement regarding Merchants' Trust Co. on page 2198. -V. 76, p. 442.
St. Lonis St. Charles & Western RR.— Sale July 17,—
This property, which was recently taken out of the hands of
a receiver, will. It Is announced, be sold at public auction by
the trustee, the Colonial Trust Co. of St. Loals on July 17 at
Clayton. The sale will be made under a trust deed i<lven to
secure bonds amounting to $800,000, dated Fdb. 25, 1902,
interest on which is in default.— V. 80, p. 1913.
Seaboard Air Line Rj.— Baltimore Committee Sttll 06jects.—Thfi B«iltimore committee, consisting ot Carl Rnhstrat,
Chairman; James L. Sellman, O. Morton Stewart and Frederick E. Noltlog, representing $6,600,000 of the capital
stock, has sent a letter to the "holders of International Trust
Co, (of Baltimore) certificates of the Seaboard Air Line Ry."
obj'^ctlng to the modified plan cf reorganization, chl» fly on
the ground that "the voting trust feature is still found In It
In another form— that Is, through a holding company," Farther depopits are rf quested In opposition to the plan. See
V. 80, p. 1972, 1914.
Southern Illinois
& MlHsonri Bridi^e Co.— Forma/ Opening of Thibet Bridge.— The formal opening of this com-
—
May
—
THE CHRONICLE.
27, 1905.]
pany'8 bridge at Thebes, 111., took place on Thnrsday. The
bridge is a steel double-track structure; entire length, Inclnding concrete approaches, 3,907 feet. There are five
spans of 520 feet each and one cantil-ver of 671 feet. See
full description of bridge in the "Railroad Gazette" of
and financial etatns in V 80, p. 1424.
Southern Indiana Ry.—Coal Properties.— '^ce SonthPtn
Indiana Coal Co. under "Industrials" below.— V. 80, p. 1480.
South ic Western By.— See Ciinchfield Corporation under
May
—
26,
2221
New President.-F, A. Dalano has been elected President
Ramsey Jr. and B. A. Worthington,
to succeed Joseph
formerly Vice-President and General Manager of the Oregon
Railway & Navigation Co was elected a Vice-President.
Mr. Wtrthlngton has also been elected Vice-President of the
Wabash-Pittsburgn Terminal Co., next in authority to Mr.
Ddlano.-V. 80, p. 1730, 1430.
l^iscoDSln Central Rj.- Allied Project.— Sm Lake Su,
perior
&
Southeastern
RR.
above. -V. 79,
p. 1650, 1636.
"Industrials" below.— V. 80, p. 473, 223.
Wisconsin & Michigan Ry.—New Stock,—The shareholdTenne»seeB,f.— Mortgage, —The st-ockholders will vote at ers will vote June 12 on iacreasiog the capi -,al stock from
the c flfije of the ccmpany at Oneida, Tenn., on July 14, 1905, $951,500 to $5,000,000 for the purpose of extending the road
on a proposition to create a first mortgage on tha property from Ircn Mountain to Superior and to Norway.— V. 78,
and the issue of bonds therpunder. The road extends from p. 2386, 2013.
Almy to Oaelda, 4 miles. President, Bird M. Robinson, New
WlUlmaiiitic (Conn.) Traction Co.— New Power-i. —The
York; Secretary, M. T. De Vault.
Coimecticut Legislature has pasaed a bill authorizing the comToledo & Western {Eleetric)Ry.— New Securities.—The pany to increase its common stocfe from $300,000 to a maximam
shareholders will vote June 24 on authorizing (1) an increase of $500,000, and giving it the right to build a street railway
of the capital stock from |1, 800,000 to $2,500,000; (2) the issue from the village of South Coventry to Manchester, where
of 12,500, COO of 25-year 5 p. o. gold coupon bonds, to be connections may be made with the tracks of the Hartford
secured by a mortgage covering all property and fracchiaes Manchester & Rockville Tramway Co. (see above ), making
now owned or hereafter acquired, subject only to existing a continuous trolley road between Willimantic and Hertford, about 27 miles (Willimantic to Manchester, 18 miles).
liens.- V. 79, p. 218.
Traction Terminal Co.— Holding Company— See Ohio —V. 78, p. 769.
Traction Co. above.— V. 75, p. 1033,
INDUSTRIAL. (HAS AND MISCELLANEOUS.
Twin City Rapid Transit Co., St. Paul and Minneapolis.
—Listed.— The New York Stock Exchange has listed $489 OOO
Amalgamated Copper Co. Subsidiary's Dividenda.-See
additional common stock issued for additions and improve- Parrot Silver & Copper Co. below.— V. 80, p. 1730, 1480.
ments, making $17,003,000 common on the list. Compare V.
American Car & Ponndry Co.— Change of Dividend
80 p. 1283, 1914. 1973.
Periods, A dividend of 11-6 p. c. on the preferred stoik
Union Pacifle RR,— Joint Construction, The Union Pac- for the two months ending April 30 has been declared, payific and Northern Pacific have arrati ged for the j >int corable on July 1 to stockholders of record on June 8. The
struction of a railroad into what is known as the Clearwater dividend, which is at the regular rate of 7 per cent per
district in Idaho.
Some 300 to 500 miles of road will be built annum, it is announced, "is declared solely to make the
into an undeveloped section. The construction of this road dividend periods and the quarterly reports conform to the
has been a matter of dispute for several years, and the agree- fiscal year." See notice in mil in our advertising columns.
—
—
ment now reached is significant as indicating mor^ harmonious relations between these Important interests.— V. 80,
V. 80, p. 1364.
American Cement Co. Option to Stibscribe.— Shareholders
American Cement Co. have the privilege of subscribing
Union Terminal RR., Clncitkn&tl.— Incorporation Held up to May 22 for the securities of the Reliance Portland Cement
Fafid.— The Supreme Court of Ohio on May 23, in the quo Co.. receiving for each
$10,000 subscriptioa $7,500 bonds,
warranto proceedings brought by Attorney-Q-eneral Etlts on
$2,500 preferred stock and $5,000 common stock. The Relibehalf of objecting taxpayers, affirmed the decision of the
ance Co. will take over the Central Cement Co. and build
Franklin Circuit Court, which held that the company has all works upon land
leased from the American Cement Co.,
the rights of a railroad corporation, including that of emiabout a mile from the present Egypt works. The American
nent domain, The right was questioned because the pro Cement
Co. will handle the output of the new company.
p. 1914, 1857.
of the
posed road will
lie
Coi struction,
is
within the limits of one municipality.
thought, will now b^ pushed, since its
commencement awaited this decision. Compare full statement of enterprise in V. 79, p. 314.
United Railways of St. LonU,— Stock to Be Listed
June 2.— The New York Stock Exchange has authorized the
lisTiDg on June 1 of the |12,983,200 capital stock.— V. 80, p.
it
—
Wabasb-Pittsbargh Terminal Ry.— Li^fei.
The New
York Stock Exchange has listed $2,000,000 additional Ist
mortgage 4 p. c. bonds of 1954, ma&ing total $27,000,000.
The
additional iKinds are part of those reserved under S'^otlon
Article 2, of mortgage for new construction, additions,
f qntpraent, terminals, etc. Compare V. 80, p. 1231, and V, 78,
3.
p. 2443.
Carnegie Connection,— The company has awarded a contract for the construction of its part [about 4 miles] of the
line which will connect the Wabish ejstem with the works
ot the Carnegie Steel Co., and, via connecting terminal roads,
with the other plants of the United States Steel Corporation
in the Pittsburgh district. This connecting link, which will
leave the West Side Belt RR. at Smith's Summit, between
Saw Mill Ran and Lick Ran, will place the system in a position to receive the large share of the Carnegie tonnage promised in order to encourage the extension of the Wabash line
to Pittsburgh
Regarding the traffic contract, see official
statement in V. 80, p, 1323.— V. 81, p. 1973, 1729.
Wab» sh UR.— Little Kanawha Syndicate, — See Little Kana-
wha RR.
above.
Caruegte Connection, £<c.— See Wabaeh-Pittsburgh Termin il Railroad above.— V. 80, p. 1514, 1729.
Wasbington Alexandria &Mt. Vernon Ry.— Bonds O/fered.
— Grftbam & Co., Phlade'phia, advertlee in cur current iesae
ffcrlng of the first mortgage five per cent bonds of this
price, 1025^ and interest.
The bonds were descrltied in the Chronicle of March 25, page 1176.
The purpose of the iesue Is to pay for double-tracking the portion ot
the lice running from Washington to Alexandria and other
extensive improvements. See further particulars in the advertiseuient.— V. 80, p. 1176.
c
company;
Western Pacifle Rj -Difitribution
of Bonds.— Ot the
$50,000,000 bonds recently sold to a syndicate (largely over
BUDPorlbed), about $35,000,000 have been withdrawn from the
syndicate by the subscribers, leaving only some $15,000,003 to
be 8 )ld by the syndicate managers.— V. 80, p. 1730, 1480.
Wett Penn Rati *f ay?. —Bonds Offered.— TS. W. Halsey &
Cr, are ( ffering by advertisement O'l another page the unsold
portion of their block of $3,500,000 5 p. c. bmda. These
bonis were fully described in V. 80, p. 1914, 1857.
Wheeling & Lake Erie
:
,
Oo. for otkt-h advances, &o made to the Central Co. This will leave the
following securities for sale : i360,ouo first mortgage 20-year bonds,
$150,000 7 p. 0. preferred scock and $240,000 common stock.
,
1780, 1060.
an
The Reliance Co. will iesne the following Beourltles $600,000 first
mortgage 20 year 6 p. c. bonds, $300,000 7 p. o. preferred stock, $500,000 common stock. Annnal sinking f and $15,090 for the redemption
of bonds.
Interest, sitiklng fand and dividends on the preferied
stock will be gnaran teed by the American Cement Co. Or the new
securities, bonds to the amonnt of $240,000 will be ased to retire the
outstanding secarltles of the Central Cement Co and $tC0,000 preferred and $260,000 common stock will go to the American cement
RR.— Bond*
shttrHholdera have authorized the
See V. 80, p. 1730, 1450,
Authorized,— The
new $50,000,000 mortgage.
The
sale of the securities has been uaderwritten,
has been elected a director in
place of the late George H. Colket.— V. 80, p. 165.
New Director.— 'E\w&rd. Wolf
American Shipbailding Co. -Possible Dividend on Com-
mon.— Touching the possibility of an early dividend on the
common sharer, which has recently beea the subject of
many rumors, the "Chicago Inter O jean says:
It can be stated on the highest offloial anthority that the principal
directors have come to the decision to resnme dividends on the common stock In the near fatare. The element In the board which controls the policy of the company now admits that It is favorable to the
declaration of a divlaead on the commoa stock before long.
The dividend declared
will likely be payable
Aug. 1.— V.
80, p. 224.
American Smelters Securities Co.— ^^cgMXMtion.— See
United States Reduction & Refioiug Co. below.
Prici Increased.— Knhn, Loeb & Co announce that the
subscription for the preferred stock has been very successful
and that the price of what remains has been advanced
-V. 80, p. 1973, 1915.
Aaltmaa Company, Cantoa, 0.— Sale of Bankrupt Property. — At auction on May 8 the plant (exclusive of some $12,558 worth of machinery and claims) was bid in for $262,500
to par.
by E. Q. Tillotson, Vice President of the Cleveland Trust Co.,
wbo represented the creditors' committee. Oa May 17 the
property was formally transferred to the Aultman Engine &
Thresher Co.- V. 79, p. 2590,
Block Light Co.— New Company,— This company has been
incorporatea under the laws of New York, with $2,500,0C0
authorized capital stock ($760 000 preferred, fully paid— no
bonds) for the pnrpose of taking over the present Block Light
Co., Incorporated under the laws of New Jersey.
VicePresident Block writes:
The object of the new corporation is to manafaotare mantles and
incandescent supply goods. We have bought ont the leading mantle
DDanufaoturers of the United States and have concentrated their
plants under our own management and in onr own factories. We are
manaf tiCtarlDg mantles by machinery, each machine making 4,500 mantles per day. with the aid of two girls (It would take 28 men to do the
work), redaolne the manufacturing force about 80 p»«r ceut. The
greater part of oar outpnt has been soli for next year. Our preferred
stock Is cumulative and pays 8 p. 0. Par value ot shares, $100. Edward Bteindler Is President; Eagene H. Block, Vice President; David
H. Hyman, Treasurer.— V. 80,
p.
713.
—
BookloTerb' ('orporatioa.—Lease. This company incorporated in New Jersey on May 8 with $150,00 J capital stock
THE CHRONICLE.
009 2
has taken a 15-year lease of the Booklovers' Library. The
Tabard Inn Library will lease the Philadelphia Book Store
Co. Directors and officers
President, H. Campbell Black of Washington; Vloe-Presldent, Seymour Eaton; E. A. Van Wagenen of Newark, N, J.; J. C. Zlegler and
F. Smith of Philadelphia dlreotors.
Co., the publishers, have purchased the
D. Appleton
"Booklovers' Magazine."
Compare Tabard Inn Corporation, V. 80, p. 1239.
Cambridge (Mass.) Gas Light Co.— ^e«> Stock.— The
Massachusetts Gas and Electric Light CommisBion has authorized the company to issue |120,000 new stock at $200 a
share (par $100) to take up floating debt and to pay for additions to plant since April 1, 1905.— V. 79, p, 2644.
&
LXXX.
ing of a railroad. The Seaboard has no connection with their enterprise. No conclusions have yet been reached by the Seaboard In thla
connection.
:
W.
fVoJL.
The
owned the Crane's Nest
Clinchfield Corporation
and the stock of the South & Western Railway.
pare V. 80, p. 224.) -V. 80, p. 1481, 714.
ooal
(Com-
fields
Consolidated Gas Co., New York.— Bea? Estate Mortgages
Filed by Subsidiary Companies.-The New York Edison Co.
has made a 5 p. c. mortgage to the New Amsterdam Gas Co.
for 1857,012, due June 1, 1907, and covering the block on First
Ave., East River, between 39th and 40th St., and the New
Amsterdam Gas Co. in turn has made a two-year mortgage
for the same amount, $357,012, to the Central Trust Co.,
trustee, covering the property on 16th St., running 235 ft.
Central Leather Co.— Oncers— This company, formed east of Avenue C.-V. 80, p. 1915, 1910, 1858.
Consolidated Lithograph Co.— ilfergfer.— Regarding the
under the readjustment plan of the United States Leather
proposed consolidation of most of the leading lithograph
Co., announces the directors and officers.
Directors; Fraser M. Moffat. Theodore R. Hoyt, Frank Healy, Paul companies of the United States under this title, the arrangeM. Warburg. L. O. Krauthoff, Howard K. Wood and K. K McLaren.
ments for which, it is stated, are about completed, the CincinOflBoers Fraser M. Moffatt, President; L. C. Krauthoff, Vice-Presinati " Inquirer " recently quoted W. M. Donaldson, former
dent; Howard K. Wood, Vice President; K. K. McLaren, Vlce-Presl
head of the Donaldson Lithographing Co., as follows
dent and Secretary, and James B. Plum, Treasurer.
The corporation will oommenee business with a capital stock of
The temporary bonds and stock certificates have been
preferred and $4,000,000 common.
Mr. Reynolds, at
turned over to the Central Trust Co. for distribution per $3,000,000
present the President of the Metropolitan of New York, is to be Presiplan of United States Leather Co. in V. 80, p. 717, 1125. The dent of the combine. I shall probably be the Vice-President, and
engraved certificates will probably be ready for delivery Robert H. MoCutoheon, of New York City, Secretary. The plants that
about July 10. The deposits of United States Leather stock the combine now practically control are the United States Litho:
:
actually in the possession of the trust company amount to
$58,873,600 of the $62,882,300 common and $?5,659,800 of the
$62,2b2,300 preferred stock. These deposits do not include
some 1400,000 common and $700,000 preferred, represented
by pledges or by improperly endorsed certificates which will
be accepted when in shape for delivery.— V. 80, p. 1425.
Childs' (Qafek Lunch Restaurants) Co.— SfafMs.—Tobey
Kirk, when recently offering a block of the common stock,
par value $100, at $45 per share, ipsned a circular saying:
Incorporated under laws of New York In 1902 with a capitalization
of SI, 000,000 cumulative preferred stock limited to 7 p. c. per annum
and $3,000,000 c mmon stock and ever since has paid quarterly dividends at the rate of 7 p. c. per annum on the former and 3 p o. on the
latter. No bonds; no increase of stock debt possible except at par for
cash or eqalvalent. Controls the Childs' quick lunch restaurants, where
clean, wholesome food of the best quality is furnished at very moder-
&
Location of restaurants (here follows list of entire 49):
City (33); Brooklyn (1); Jersey City (2); Buffalo (2); New
Haven, Conn. (1); Atlantic City (1); Philadelphia (7); Newark (2).
History.— Business was started as a co-partnership In 1889 and
1898 was taken over by the Childs' Unique Dairy Co., organized under
laws of New York, with $500.000 6 p. o. preferred stock and $500,000
common stock. In 1901 Childfe* Dining Hall Co. was organized to
operate outside of New York City. Again the business outgrew its
capitalization and in August, 1902, for the purpose of acquiring control of and consolidating the business of the operating companies and
extending the business, Childs' Company was incorporated and acquired all the common stock and all the preferred stock except $92,000 of the Childs' Unique Dairy Co. (reserving $92,000 of its own preferred to acquire this remnant) thereby acquiring a large interest in
the aforesaia Dining Hall Co. lu April, 1904, the "Childsworth Company" was formed and acquired the business of Ellsworth Childs, together with the exclusive right to use his name, thus shutting out all
risk of future competition. A majority of the capital stock of the
"Childsworth Company" was bought by the "Dairy Company," which
now controls the same.
DiRECTOKS.— a. 8. Childs, President; Wm. Childs, Jr., Vice-President
and General Manager; J. E.Nichols, O. H. McMurtrle; O.L.Roberts,
Secretary and Treasurer; S. Tydeman, L. A. Thompson. Main office
of company, 42 East 14th Street, New York.
ate prices.
New York
m
The operations of the above several subsidiary companies
controlled by the parent concern, "Childs' Company," for
four years ending Ncv. 30, are set forth in statement of Niles
Niles, chartered accountants, as follows:
190i.
1903
1902
1899
Profits, incl. 10 p. 0. reserve.. $225,400 $216,357 $186,983 $132,044
Net applicable to dividends.. 200,819 193,460 168,107 118,551
&
Note.— In arriving at the foregoing the cost of all repairs incurred
In keeping the restaurants in good condition has first been charged
off.
Furthermore, 5 p. o. of the cost of the restaurants has each year
been written off for depreciation and 10 p.c. of the profits thus ascertained has been transferred to reserve, leaving net profits applicable
for dividends as stated above. The reserve fnnd is set aside for the
benefit of the preferred stock in pursuance of the charters, and on
Nov. 30, 1904, n amounted to $111,904, being represented by $10,000
In real estate and the balance in cash in banks on special deposit.
For the three months ending Jan.
31, 1905,
the profits "ap-
graphing Co. of Norwood, Ohio, the Donaldson Lithographing Co. of
Newport, the Courier Printing Co. of Buffalo, the Metropolitan Printing Co. of New York, the Erie and Walker Lithograph companies of
Erie, Pa., and Ottman'e of New York. In addition to these, it is the
intention to acquire one, and possibly three, more.
The par value of shares is $100. The preferred stock is
7 p. c. nononmulative, and it will have voting po;ver only
when its dividends are two years in arrears. Compare
V.
80, p. 1731.
Con<3omers' Gas Trnst Co. of Indianapolis.— iVb Appeal —
The United States Supreme Court on May 8 refused to grant
a writ of certiorari to review the decision of the Circuit
Court of Appeals in the Qainby suit ordering the directors
to wind up the affairs or the company and distribute the
assets pro rata among the certificate "holders (V. 80, p. 1731.)
Most of the property outside of Indianapolis has already been sold
forjbetween $300,000 and $400,000, which, together with the proceeds
of the pipe lines and other property in Indianapolis, will, it is thought,
make an aggregate of $800,000 or more for distribution to the holders
$798,000 of outstanding certificates. On the Indianapolis Stock Exchange this month as high as $25 (or 2,000) has
been bid for the shares, on which all but 5 per cent of the principal
has been returned. (See V. 78, p. 286; V. 77, p. 2037, 1535.)
of the outstandlntr
Directors.— The trustees have elected as new directors:
Lieber, Austin F. Denny and Bement Lyman to enooeed
H C. AtKlns. J. M. Lilly and Hervey Bates Jr., resigned. 6. H.
Herman
Schnnll succeeds J. M. Lilly as Treasurer.
Sale.— The Board of Public Works of Indianapolis bag
given notice that it will exercise the option to purchase the
plant at an appraised value under the ordinance of June 27,
1887, permitting it to do so by giving at least 6 months'
notice and after approval by vote of the people.
It also proposes to advertise for bids for a fuel gas franchise so that
"prospective bidders for the plant of said Consumers' Gas Trust Co.
may know that a fair and reasonable franchise may be secured by
them." George J. Marott has announced his intention to bid for the
pipe lines, with a view to supplying fuel gas at about GO ots. per 1,000
cubic feet.— V. 80, p. 1731.
Co.— ConsoKdafion.— See Kanawha &
Coke Co. below.— V. 80, p. 1114.
Depew & Lancaster (N. Y.) Liglit, Power & Condnit Co.—
New btock.— The shareholders will vote May 31 on increasing the capital stock from $75,000 to $500,000; par value
Continental Coal
Hocking Coal
&
of shares $100.
Compare V.
77, p. 198.
Dow Composing Maehiae Co— Stock
Offered.-Thie com-
cfferlog for sale an issue of $1,000,000 7 p. c. cumulative preferred stock at par, $ OD per share, the proceeds to
be applied to the manufacture of machines, "for which there
is a pressing demand, and which will be on the market within four months" after the preferred shares have been paid
Office, 149 Broadway, New York.- V. 80, p. 1060.
for.
pany
is
plicable for dividends on the common stock amounted to
$66,840, which is equal to about 1*9 p. c. for the specified
three months." Since Jan. 31 "three new restaurants have
been located and are about to be opened."— V. 75, p. 844.
Eastern Steamship Co.— Listed in Boston.— The Boston
par
Stock Exchange has listed the $3,000,000 capital stock
Dividend rate 3 p. c. per annum since
of shares $100,
Citizenb' Gas Co., Newcastle, Ini.—Assesfment.—The directors have called upon the stockholders for an assessment
of 80 p. c, lo provide for drilling additional wells.
Bonds authorized $3,000,000 first mortgage sinking fund gold 5 p.o.,
dated May 1, 1902, due May 1. 1927, subject to call at llO and accrued
Interest; outstanding. $2,042,0 "0. A statement of current assets and
liabilities as of Dpc 31, 1904, shows: Floating debt. Including notes
payable, $714,000, and bonds of Portland Steamship Co., $300,000
total, »l,014,00iJ. Offsets: Bonds in the treasury, $580,000; sinking
—
;
November,
1903.
Citizens' Heat, Light & Power Co. Springfield,
Merger.— See People's Heat, Light & Power uo. below.
fnnd Portland Steamship Co., $222,859; cash, $48.381 supplies, net
Citizenb' Steamboat Co.— iVeu) Control— Proposition to accounts receivable, etc., $128,818 total quick assets. $960,058 net
1915, 873.
Shareholders, Charles W. Morse of New York, who controls current liabilities, $53,041. -V. 80, p.
Equitable Life Assurance Hociety.— In function.— JnBtlce
the People's Line (the New Jersey Steamboat Co., recently
coneolidattd with the Hudson Navigation Co V. 80, p 1366), Maddox in the Supreme Court, Brooklyn, yesterday granted
and who is supposed to control a majority of the $360,000 a temporary injunction pending the trial of the action
stock of the Citizens' Steamboat Co., which operates the brought by Franklin B. Lord as a stockholder, enjoining the
night boats between Troy and New York City, recently sub- proposed plan of "mutualization." "The motion is granted,
mitted a proposition to the Citizens' shareholders to exchange but limited to the filing and effectuation of such proposed
their stock for the shares of a new construction compary, amended charter, for it appears that such contemplated
which would build new steamers to replace the Saratoga and amendment has been adopted and executed by the board of
City of Troy.
There is an iesue of bonds. Interest payable directors." Long extracts from the opinion, which is voluminous, were given in the "Evenirg Post. "— V. 80, p. 1853,
Feb. and Aug. at Central National Bank, Troy.
Cllnchfteld Corporation
Sold— President J. M. Barr of 1425.
Everett (Wash.) Water Co.— Consolidation.— See Everett
the Seaboard Air Line writes to the "Manufacturers' Record"
Railway, Light & Water Co. under " Railroads" above.
confirming a recent press report as follows:
Fall River Electric Light Co.— iVcto Stock.— In accordance
^y*"» Blair, Dennis, Ream andCoolldge have purchased the
/^,i^*"L"I'''
fjiinohlleld property, and It is their purpose to develop it by the buildwith a vote of the stockholders, the Massachusetts G.is &
;
:
;
—
;
—
;
—
—
;
May
THE CHRONICLE.
27, 1905.]
E'ectric Light Commission has been asked to sanction an
increase in the capital stock from |350,000 to $600,000, to
provide for the construction of a new generating plant, and
also to expend the lines of distribution. There are no bonds
ontstandiDg, and dividends, it is nnderstood, have long been
paid at the rate of 7 p. c. per annum.
Federal Clay ManufiCturirg Co.~Mortgage.— This company, controlled by the National Fire- Proofing Co,, has
made a mortgage covering its property on the Raritan
River, New Jersey, and in Luzerne County, Pa. Summit
County, Ohio; Clay County, lad,, and La Salle County, III,
to the Bankers' Trust Co. of New York, as trustee, to secure
an issue of $2,500,000 5 p. c. sinking fund gold bonds. These
bonds are dated April 15, 1905; denomination, $1,000, and
are due April 16, 1930, without option of earlier redemption
annual sinking fund $60,000, beginning April 15, 1906, This
bond issue is made in accordanoe with a plan of the National
Fire-ProofiDg Co. for funding its floating debt, understood
to be about $900,ODO, and it is said to retire some portion of
that company's preferred stock. The bonds presumably will
be guaranteed, principal and interest, by the National FireProofing Co. The capital stock of the Federal Company is
$5,000,000, in |100 shares. The President, Henry M. K'aasbey,
New York, is Vice-President and Eastern Manager of the
National Company. See National Company, V. 80, p. 1734.
;
General Asphalt Co.— Decision.— The President of the
H'gh Federal Court (of Cassation) of Venezuela on May 20
handed down a decision annulling the concession of the New
York & Bermudez Asphalt Co. He also allowed damsges to
the Venezuelan Government for expenses incurred by reason
of the alleged complicity of the company's cffioials in the
Matos revolution and appointed a board of experts to fix the
amount of such damages. The company has taken an
appeal to the full court, the aforesaid decision becomiog
effective only when confirmed by a majority of the other
members of the Court. The recall of Minister Bowen, it is
thought, may facilitate the efforts of the United States Government to come to an understanding with President Castro.
Compare V.
;
80, p, 1178.
Beport.-See page 2218.— V.
80, p. 1178.
flalltrood Cash Register Co.— Receivirship.— At Columbus, O., on May 18, in the suit of Dennison D. Byers, Fred. N.
Sinks was appointed receiver of the Hallwood Cash Register
Co. As to the embarrassment of the allied International
Company, see that company below.— V. 78, p. 770.
Hecia Portland Cement, Coal
Sale June 7.— The foreclosure sale
Bay City, Mich.- V. 77, p. 1828.
2223
the soft-coal properties along the Hocking Valley and Ohio
Southern."— V.
78, p. 46.
(J.) Kennard & Sons Carpet Co., St. Louis.— Increase of
Capital Stoc/c.— Touching tne recent increase of capital
stook, we have been been favored with the following:
Authorized share capital, common. $1,170,000; preferred 7 p. e.
cnmulatlve, $330,000; outstanding common, $670,000; preferred, entire amount. Par of shares, $100. Company incorporated in 1893,
wholesale and retail dealers in carpets and curtains. Bonds, if any,
not reported. President, Sam M. Kennard; Secretary, Nelson Q. Edwards. Compare V. 80, p 1733.
Mliford Pick Granite Qaisrries.— ConsoWc?af ion.— Bonrf«
Q^ered.—-Moffat & White are offering by advertisement on
another page the unsold portion of this company's $350,000
first mortgage 6 p. c. serial bonds at prices to net the purchaser from 5"30 to 5*75 p. c. interest on the investment. The
company was incorporated in March, 1905, under the laws of
New Jersey, for the pur posa of combining the granite properties of Norcrcss Brothers, of the G. H. Cutting Granite Co.
and of the Mliford Pink Granite Co., all situated at Milford.
Mass. These quarries contain, it ^is claimed, practically
the only granite of the celebrated variety "Milford Pink,"
the amount, "taken to a depth of only ten feet, exceeding
8,000,000 cubic feet." This granite may be seen in many
public buildings, such as the Hanover National Bank and the
St. Regis Hotel in New York and the Boston Public Library.
The entire proceeds of the bonds are to be used to pay off
present floaringand funded debts and to provide ample working capital. Total groes assets as per appraisal, $1,434,528.
The securities of the Milford Pink Granite Qaarries are:
First preferred stook, 6 p. o. non-cnmulative
Preferred stock 7, p. c. non-cumnlatlve
Common
stook
$12i>.ooo
$l2.'S,oo6
1,187.500
1.187,500
1,082,500
1,032,500
350,000
3^0,000
o. gold eeiial bonds, dated
1905, one-tenth of ttie issue falling due
each year thereafter until April 1 1915; when
the last Reriea maturer, also subject to call at
company's option on any interest date as follows: As to bonds due in 1907 at 101 and inter-
First mort>;age 6 p.
April
1,
,
bonds due in 1908 at 102 and Interest and
BO CD, on a rising scale, the last block due iu
1915 being snbj iot to prior redemption only at
109 and interenc. Intprest pavable April I and
Oct. 1 at New York office of Franklin Trust Co.,
the mortgage trastee
est;
No
dividends can be paid on the stock until after all expenses, Interand principal obligations of each year shall have bsen
met, and a further sum set aslne to be a reserve fund, which sum shall
be equal to not less than one-tenth in amount of the outstanding bonds
until such reserve fund equals the par value of the outstanding bonds.
«8t charges
The average annual net earnings have been about $32,500
last two years and a half.
With the consolida-
& Coke Co.— Foreclosure
announced for June 7 at during the
is
about $1,500,000 per
should be 15 p. c, or
$225,000." A $1,266,000 contract has been obtained from the
Pennsylvania RR., covering all the granite required for its
new terminal station in New York City.
tion the cffioers expect a businees of
annum, "on which the net
profits
Honeton Oil Co.— Receivers' Certificates.— The receivers
have applied for permission to issue $373,244 receivers' certificates to provide for principal and interest due on timber
certificates' instalments which matured Feb. 1, 1905, viz. IntMinneapolis (iHinn.) General Electric Co.— Bonds Oferest due Feb. 1, |203,550, and interest thereon until paid on
July 10, 1905, estimated about $5,428; principal of timber fered.— Lee, Higginson & Co. of Boston are offering at 104
certificates due Feb. 1, 1905, |160,000, and interest thereon un- and interest the new 5 p. c. mortgage gold bonds dated
til July 10, 1905, estimated about $4,267.
It is proposed that Dae. 1, 1904, due Dic. 1, 1934, but subject to call at comthe new certificates shall be secured by a first lien on stnmp- pany's option as a whole, but not in part, at 110 and interest;
age, payments to be made to the Oil Company by the reoeiv- interest payable June and December at Boston, Mass. Trusers of the Ktrby Lumber Co. during the next six months, tee, City Trust Co., Boston, Mass. A circular says:
and by a second lien on the properties of the Oil Company.
To keep pace with the demand the company has acquired a water
The $387,000 of certificates issued prior to this authorization, power on the St. Croix River, known as "Taylor's Falls," the only
undeveloped water power within feasible transmisslou dtstauoe of
we are informed, have all been paid. A further issue of the
city. From theee falls the company proposes to develop a mini$256,000 (V. 80, p. 1915) is about to be made to take up mum of 12,500 horee-power. At present the company obtains 2,400
various underlying liens. Bjth of these issues have been horse-power from the St. Anthony's Fails Power Co., and generates
steam 5,400 horsepower. The new power plant will enable it to
sold— a portion to the receivers and the balance in New York. from
shut down nart of Its
plant, and at once save $10,000 a year. It
They bear 5 per cent interest. There are also outstanding is estimated that thesteam
new power will be taken up as ooon as it Is
receivers' certificates of the Kir by Lumber Co.— V. 80, p.
ready for delivery, in which case the net earnings will be increased
:
"
over $200,OJO a year.
1915, 1237.
Hadson
NaTi§ratioii
Co. above.— V.
Co.— Ally.—See
The mortgage
Citizens'
Steamboat be
80. p. 1733, 1426.
Illinois Brick
To
Co.— Listed in Chicago.— The Chicago Stock
Exchange has admitted to quotation
in the unlisted depart80, p. 1858, 1365.
$4,000,000 new stock.-V.
Indiana Sonthern Coal Co.— Consolidation.— See last
paragraph of item headed Smthern Indiana Coal Co. below.
(The) International Company,
Colnmbas. Ohio.
Rece:vir('hip.—At Columbus, Ohio, en April 27, W. T. Wells
and Q R. Lane were appointed by Judge Edmund B. Dillon,
of the. Common Pleas Court, receiver8;of the property on ap
plication of Dennison D. Byers, surety on a note for
This action is taken with a view to reorgani$5,000.
zation, the company having for seme
time past bsen
more or less embarrassed for want of working capital. Ste
Hallwood Cash R agister Co. above.— V. 80, p. 1061.
Jacksonville (111) Gas Light and Coke Co.— CTiange in
Control,— A press dispatch from Jacksonville, HI., states that
W, B. McKinley, representing the Illinois Traction Co., has
ment the
closed negotiations for the purchase of the enterprise, for
$200,000. The syndicate recently purchased the Jacksonville
Ry,, which see under "Railroads" above.— V. 72, p. 244.
Eana^vha & flocking Coal & Coke Co.- Conaclidation.—
Preparations are in progress for the consolidation of this
company and the Continental Coal Co. (V. 80, p. 1114), both
controlled by the Hocking Valley Railway Co., with posbibly
other soft-coal properties. The shareholders of the Continental Coal Co. are requested to deposit their certlficatas of
stock with J. P. Morgan & Co. in exchange for new secarities.
The plan, it is said, provides for 'a rounding out of
is limited to $8,00 0,000, of which $5,000,000
issued as follows:
retire a like
at 105
amount
of 5 p.
c.
is
to
bonds called for payment
and Interest
$1,285,000
To pledge with trustee to insure payment of an fqual
amount of 6 p. c. bonds due Jan. 1, 1908
715,000
To build dam, power house, transmission line, etc, ineoessaryln developing power at Taylor's Falls
2,750,000
To remain in treasury for use at Taylor's Falls or Never's
Dam, a smaller power above Taylor's Falls which the
company does not expect to develop at present
250,000
The balance of $3.000,COO can only be used at the rate of a $1,000
bond for every $1,250 spent in cash, and there is no probability that
these bonds will be idsued in the Immediate future.
For the year ending Deo. 31, 1904, the company reported : Gross
earnings, $637.021 ; net earniogs, $310,657; tiied charges. $liS,017
net proflt, $197,640. The increase in gross earnings has been most
satisfaotory, rising from $263,000 In 1897.
There Is outstanding
$1,000,000 6 p. c. cumulative preferred etock, on which regular dividends have been paid since the formation of the company in 1899
also $1,600,000 common stock, on which no dividends have been paid,
but which has recently sold at 87. A sicking fund of one per cent of
amount of bonds outeianding is provided.
The company is operating unier liberal franchises, which are said
by its attorneys to be perpetual it serves a poptUation of about
200.000 persons.
;
;
Wells
V. 80,
& Dickey Co. offer the bonds in Minneapolis, Minn.
p. 1426, 1115.
Montreal & Boston Consolidated Copper Mining & Smeltlag Co.— iJeorgani«u<ton.— While those in interest deny the
adoption of a reorganlz'ttlon plan, the following statements
are currently published, and it is supfosed are authoritative:
The new com pary will be known es the Dominion Copper Co.. Ltd.,
and will have $S,00O,C0O capital stook. in shares of $1 each, and
$1,000,000 mortgage bonds, of which $700,000 to be Issued and the
remainder, $300,000, to be held in the treasury for future requirements. Stockholders have the irlvllege of subEoiiblsg for the bonds
—
THE CHRONICLE.
22-24
at 90. reoelylng a bonus of 200 shares of stock for each $100 bonds
subscribed for. They will also receive stock, share for share, In the
new organization.— V. 80, p. 1366.
Montreal Ligbt, Heat & Power Co.— Oas Franchise.—The
City Council of Montreal on May 15, by a vote of 20 to 15,
paesed over the Mayor's veto the resolution extending for
fifteen years the franchise of this company's subsidiary, the
Montreal Gas Co. A Montreal paper says:
The old franchlee has yet five years to run. The present
price of
gas In that city l8$l 20 for lighting and $1 for eooklng. The company
agrees to reduce the rate for lighting five cents each year for Ave
years, eo that thereafter It will cost one dollar. Cooking gas Is to be
reduced five cents a year for two years, so that at the end of that time
it will cost 90 cents.— V. 80, p. 1916, 1115.
[YOL. LXXX.
Mass.— ^aira Dividend.— An exbeen declared payable June 1, together with the regular semi-annual distribution for the
same amount, on the company's $3,000,000 capital stock; par
of shares $1,000. The dividends, it ia stated, have averaged
12 p. c. per annum for more than 50 years.— V. 70, p. 482.
Pacific Mills, Lawrence,
tra dividend of 5 p. c. has
Parrot Silver & Copper Co.— Dtutdend.—This company,
a majority of whose $2,298,500 capital stock is owned by the
Amalgamated Copper Co. has declared a dividend of 5 p. c.
[50c. per share], payable June 12 to stockholders of record
May 81. The same amount was paid on March 13, 1905, also
both in August and December, 1904, but nothing in 1903.
In 1902, 5 p. c, and in 1901, 35 p. c. was paid.— V. 80, p. 1061.
,
(The) HortgageBoud Co. of New Yor\.— Offering of
Paxtang Electric Co., Harrlsbnrg, Va.—New Stock.—This
.Bonds.— This comp»ny offers at par by advertisement on ancompany,
which in April, 1902, increased its capital stock
bonds,
series
one,
first
mortgage
other page, $1,000,000
dated June 1, 19 J5, due June 1, 1925, redeemable June 1, 1915. from $10,COO to $400,000, and subsequently to $500,000, has
The bonds are a direct obligation of the Mortgage-Bond Co. called a meeting of its stockholders for June 8 to vote on
and are specifically secured by deposit with the Guaranty increasing the capital stock to $1,000,000, par of share? $100,
Trust Co. New York, trustee, of $1,000,000 of first mortgages Bonds, $500,000. Directors C. W. Lynch, President; Robert
on improved income-producing real estate in New York and C. Neal, Secretary and Treasurer; William M. Donaldson,
N. Hamilton and Stanley Ray. The power plant (capacity
Brooklyn.— V. 80, p. 1366, 1238.
1200 h. p.) had only its windows broken by the explosion on
National Electric Company, Milwaukee.— iJec«iver Ap- the Pennsylvania RR, on May 11.
pointed,— At Milwaukee on May 16, Judge O. A. Hamphrey,
People's Heat Light & Power Co., Springfield, Ohio.—
in the United States District Court, appointed the new PresiMerger,—
ThiB company was incorporated In Ohio on April
receiver
of
the
property
dent of the company, John I. Beggs,
Frank Q. 13, with $2,000,000 of authorized capital stock (of which
on application of holders of floating debt.
Blgelow, the President of the First National Bank of Mil- $500,000 is 6 p. o. preferred) to take over the franchise of the
waukee, who recently failed, owned a large block of the stock, Citizens' Heat Light & Power Co., for hot- water heating,
amounting, it is said, to 17,200 shares, valued $189,000, He also the Springfield Light & Power Co., which for several
was also, according to his own statement, endorser on years was owned by the American Railways Co. of Phlla.
$1,000,C00 of the company's notes. The bank, as holder of (V. 76, p. 1258). The price paid for the latter under the
shares pledged by him as collateral, recently became a dom- recent purchase is reported unoiScially as $230,000 and the
assumption of a mortgage for $100,000. About $150,000 will
inant factor in the management. Receiver Beggs writes:
The company has outstanding 9400,000 preferred and $3,000,000 be expended in building a steam heating plant and an addition
common stock. No bonds have ever been authorized or issued. The to the electric power plant.
entire Indebtedness aggregates about $1,300,000, including about
The new company has not issued or authorized any bond
$1,200,000 In notes and about $100,000 In current accounts payable. Issue. The $100,000 bonds of the Springfield Light & Power
It Is the present Intention to continue the active operation of the
property as a going manufacturing enterprise until such time as an Co. assumed are 6 p. c, gold, $500 each, dated Jan. 1, 1892,
advantageous sale of the property can be made. All contracts will be due Jan. 1, 1922, but subject to call at 106; interest payable
filled according to contract obligations and promises heretofore made,
Jan. 1 and July 1 at Mercantile Trust Co,, trustee, Boston.
—V. 76, p. 1196.
The capital stock of the new company is all outstanding, par
National flre-Frooflng Co.— Bond 7ssm«.— See Federal of shares, $100; the preferred is cumulative. President,
Clay Manufacturing Co. above and compare V, 80, p. 1781 John L. Zimmerman; Sec, J. K, Henry; Treas,, W.W> Kelfer.
:
,
New Amsterdam Gas
Co.,
New York.— Mortgage.— See
Consolidated Gas Co. above.— V. 80,
p. 1855.
Plttsbnrgrh Coal Co.—Application to List.— The New
York Stock Exchange has been requested to list $2,576,800
additional preferred stock and $2,200,400 common stock,
Light Co.— Option Exercised.— Agree&bly
making the totals listed $82,001,000 and $30,910,000 rewith the reorganization plan of the New Orleans Railways
spectively.— V. 80, p. 1919, 1916, 1482.
Co. (see V. 80, p. 651), notice is given that all of the $2,021,200 certificates of beneficial interest in the stock of the
Princeton (N. J.) LighXingl Co.^Sale May SI.— The sale
New Orleans Gas Light Co. deposited with the New York under foreclosure of the mortgage to the North American
Trust Co. (formerly the New York Security & Trust Co, ) as Trust Co., trustee, dated Feb, 28, 1908, is advertised for May
trustee, under the terms of the lease of the New Orleans Gas 81 at Princeton, N. J.—V. 78, p, 1966.
Light Co. to the New Orleans Lighting Co., have been called
Reliance Portland Cement Co.—New Plant.— See Amerifor payment at the ofiSce of the trustee, No. 28 Broad St.,
Cement Co. above.
can
New York City, on June 15, 1905, at $125 per share. Payment will also be made at various banks and trust companies
Rochester (N. T.) Telephone Co.— Bonds 0/ered. —Myron
In New Orleans.— V. 72, p. 678.
W. Greene, Rochester, is offering a block of the general
mortgage
5 p, c. gold bonds at par and interest, authorized
New York Edison Co.— Mortgage.— New Plant. See Con- issue $3,000,000;
issued, $661,150; first mortgage bonds out-
New Orleans Was
,
—
Gas
Co., above, p. 2222, also the
18, p. 1915.— V. 80, p. 1855.
solidated
Chronicle
of
May
New York Transportation Co.— Status.— The "Railroad
Gazette" publishes the following ofiGicial Information regarding this company's cab service which in scale of operation is described as having " no parallel In the world "
:
OBOWTH
IN EIGHT TEARS.
Dec, '03, Dec.,'00. July.'OV.
Station eapacitv—
Nov.,'97. Mar.,'07
158,000 128,000 71,812 24,700 13,000
Floor space (eq ft.)
700
ft50
200
100
do
do in vehicles (No.).
25
The company now owns nearly 60O vehicles, including broughams,
hansoms, landaus, victorias, cabriolets, surreys, omtbuses and tonneaus, and they travel 2,000,000 miles a year, it ooonplea thrde stations
in Manhattan, the main station at 49th St. and 8th Ave., a large substation at 250 iiast 66th 8t. and a small one at Vesey St. and West
Broadway. The main station Includes extensive repair shops. By an
elaborate equipment a discharged battery may be withdrawn from a
vehicle and replaced with one freshly charged In less than two minutes. Current for charging the batteries Is taken from the mains of
the New York Edison Co., the Transportation Company owning and
operating its own rotary converter being the largest Individual consumer ol Edison power in the city, chiefly from midnight to 5 a. m.
The company owns the Fifth Avenue Coach Co. Uasolene-electric
'bussep, with bodies ol the semi-oonvertlble tram-car type, are contemplated, together with the extension of the service to a large mileage
of streets in which the company holds franchises, but which cannot
be advantageously operated with horse-drawn vehicles.
The Park Carriage Co., another subsidiary company, runs
observation automobiles on the regular daily sight-seeing
tours.- V.
79, p. 2591.
Northwestern Commercial Co.— Stock Increase Ratified.The shareholders on May 10 formally approved the proposition to Increase the capital stock from $1,500,000 to $2,500,000
In connection with the purchase of the cannery properties of
the Pacific Packing
Navigation Co. (per plan in V. 80,
&
p. 1179, 1061).
The Northwestern Company recently purchased the stock of the
White Star BteamBhlp Co. formerly held by Sol. Simpson and O. D.
L.ane. A majority of the stock of the White Star Co., it is stated, is
still held by us President, Frank Waterhonse. -V. 80. p. 1179.
Olympla Cotton Mills.—Ptan Operative.— The plan of reChronicle
organization which was described In last week's
has been declared operative. See V. 80, p. 1976.
standing only $98,000. Capital stock authorized, $8,000,000;
issued, $440,000; dividend rate, 5 p. o. per annum. Telephones In operation. 7,823.— V. 78, p. 771.
Sonthern Indiana Coal Co.— Consolidation.— This company
has acquired the following mines located on the line of the
Southern Indiana Ry., In Greene and Sullivan counties, lad.:
Tower Hill,
Hoosier Nos. 1 and 2,
Lattas Greek,
Linton Semi-Block,
Mammoth
Vein,
Midland.
These mines comprise about 10,000 acres, with a total
capacity of nearly 10,000 tons per day. J. W. Thompson Is
Office, Grand
President and R. W. Walsh, Treasurer.
Central Station, Chicago. The capitalization and bonded
indebtedness has not as yet been arranged. The Southern
ladiana Ry. Co. will own the coal company,
Another and entirely distinct enterprise Is The ladiana
Southern Coal Co., which has acquired the New Pittsburgh
Coke Co,, Alum Cave, Qilmour, Forest Hill, Green
Coal
Hill and the Citizens' and Indiana Hocking mines. J. K,
Seifert, Secretary and Treasurer, with offices in the O.d
Colony Building, Chicago.
Springfield, 0., Light & Power Co.— Sale -Merger. —See
People's Heat, Light <& Power Co. above.— V. 76, p. 1412.
Tabard Inn Corporation. Leases.— See Booklovers' Corporation aDove.— V. 80, p, 1239.
&
Toledo (0.) Home Telephone Co —Acquisition.—The
Northwestern Ohio Toll Line, extending from Toledo to
Defiance, has been absorbed through, it ia said, "an equal
exchansre" of stock and bonds, $40,000 of each being reported
outstanding.- V. 80, p. 1063.
Union Ferry Co. of New York and Brooklyn.— Terms of
Agreem"nt,—'the Commissioners of the Sinking Fund, New
York City, on May 10 accepted the report of Comptroller
Grout and voted to make a new lease of the ferry rights and
franchise to the Uoion Ferry Co. until May 1, 1906, by private agreement. Tne terms of the agreement are given in
the following resolution, which was adopted by the directors
of the company on April 28
:
Resolved, That the committee on franchises be and is hereby authorized to settle the claims of the city against this company for alleged
May 27,
THE CHKONICLE.
1905.J
arrears of lent by paying at the rate of 53io P- o- V*>t annam on tbe
groBB receipts for ferriage from May 1, 1901, to Oct. 31, 1904, both Inolnslve, with interest at S p. o. per annum, calcnlated from quarter
days, less the $50,000 hereto/ore paidonaoooant with Interest thereon
at 3 p. 0. per annum from date of payment, and that this company
operate the ferries to May 1, 1906, paying therefor at the rate of 2 p o.
per annum on the gross receipts for ferriage from Nov. 1. 1904, tbe
foregoing without prejudice In other respects.
2225
COMMERCIAL EPITOME
Friday Nwht, May 28, 1905.
The consuming trade has been taking fair supplies of merComptroDer Grout believes that with the opening in 1908
of the rapid transit tunnel to Brooklyn it will be necessary chandise in the way of withdrawals on outstanding confor the city to take over the ferries in order to keep them tracts, but
as a general rule the placing of new orders has
running.— V. 80, p. 1125.
been limited. In a few lines of trade, however, buyers have
United States Redootlon & Reflninsr Co.— Sale of Interest been operating with some show of freedom,
the reports from
in Utah Copper Co.— The sale was recently reported of this
the
goods
trade
drystating
that
a
fairly
good volume of new
company's holdings in the Utah Copper Co. for about
$1,100,COO to persons supposed to be acting in the interests of business is being transacted, and there also has been a fair
the American Smelters Securities Co. Malcom & Coombe, volume of business doing in building materials. In
New York, in a circular discussicg the affairs of the United the speculative markets the crop news for the week from
States Reduction & Refining Co., say:
Tbe company has recently disposed of its interest in the Utah Cop- most sections of the country has been less promising, and
per Co. for, it Is said, ooneiderably over $1,000,000, which sum is to this has been a bullish factor, advancing prices. A continued
be applied to the retirement of the bonds, thus increasing the secu"squeeze" of May shorts in the Chicago corn market has carrity of the remalnlnsr bonds and advancing the preferred stock to a
stronger position with regard to the assets. The balance of quick
assets over current liabilities, which consist only of small monthly
billB, is thus over $2,000,000. As the Utah Copper Co. has never
paid any dividends, the income account of the United States Reduction & ReHnlng Co. will not be affected adversely by the sale of Its
interest in the copper company. It is conHdently expected that full
6 p. 0. dividends will be resumed on the preferred stock after the close
of the present fiscal year, on July 31, 1905.— V. 79, p. 2453, 1283.
ried prices
for that particular delivery to a
much
higher
basis.
Lard on the spot has had only a small sala, the demand
from exporters being light, and refiners have been slow buyers.
There has been ro pronounced pressure to sell, but
prices have yielded slightly, closing at 7'40c. for prime Western and 7 '00c. for prime City. Business in refined lard has
United States Knbber Co.—Stock Increase Authorized.— been quiet, only jobbing sales being reported. The close
The shareholders on Thursday formally approved the propo- was dnll at 7'50c, for refined for the Continent. Speculation
sition to increase the limit of capital stock from $50,000,000
in lard for future delivery has been quiet, and under full realso the purchase of no less than two- thirds of the capital stock ceipts of hogs and the light trade demand,
prices have weakof the Rubber Goods Manufacturing Co. The Central Trust ened. The close was quiet but steady.
Co. will in a few days issue a circular offering one share of
DAILY OLOBINO PBICEB OF LABD FCTDBK8 W CHIOAOO.
United States preferred for one share of Manufacturing
8at.
Mon.
Tues.
Wed.
Thur$. Fri.
preferred stock, and one share of the new eeeond preferred Julydel'v
7-30
7-37ifl
7-35
7-27i4 7-25
7*30
7-47J«
7-55
752Jfl
7'42i«
for two shares of Manufacturing common. For arrangement Sept. del'y...-.
7*47ia 745
with syndicate, see circular in V. 80, p. 1977.
A moderate jobbing business has been transacted locally
in pork and at steady prices, closing at $13 25@13
87J^ for
United States Steel CorporAtioa.— Reported Disiolution
mess, $13@15 for short clear and |15 00@15 50 for family.
Rail
Poo/.—
Reports
are
current of the virtual dissolution
of
Cut meats have been in moderate demand and firmer,
of the rail pool, but those in Interest decline to give out the
closing at 53^@6c. for pickled shoulders, 9^@103^o. for
facts, intimating that there may have been no pool to dispickled bellies and 7J^@83^c. for pickled hams, 16@10 lbs.
solve.
Beef has Deen quiet but steady, clrsing at
Carnegie Contract with Wahash System.See Wabash- average.
$10 5C@11 60 for mess, $12@13 for packet, $13@14 for famPittsburgh Ry. Terminal below.— V. 80, p. 1923, 1738.
ily and $21 50@22 00 for extra India mess in
tcs.
TalWarwlcfc Iron & Steel Co.— Called Bonds.— Fifteen bonds low has been qaiet and easy, with sellers at 4i^c. Stearcalled for payment will be redeemed on June 1 at the Real Ines have been offered at lower prices, closing at 8e. for lard
Estate Title Insurance & Trust Co., 523 Chestnut St., Phila- stearlne and 7X@7;ge. for oleo stearine. Cotton seed oil has
delphla.— V. 78, p. 588.
been in fair demand and firmer, closing at 28M@28i>^o. for
prime yellow. Butter has b^en in better demand, and the
Watvppa Mills, New Bedford, Mass.-Sale June 10,— The close was
steadier at 18@22^c. for creamery. Demand for
plant, it is announced, will be sold at public auction June 10
new
cheese
has been limited and prices have weakened, closby order of the United States Circuit Court. Clark W.
Holcomb of New Bedford is one of a protective committee. ing at 9i^@10J^c. for State factory, full cream. Fresh eggs
have been in full supply, but prices have held fairly steady,
White Knob Copper Co.— Reorganization— New CertiUcates closing at 18c. for best Western.
Ready.— T:\iQ reorganization committee, George W. Young,
Brazil grades of coffee have continued to drag. Trade deChairman, having purchased the property at receivers' sale, mand has continued disappointing, and as Brazil markets
subject to the outstanding mortgage, and the pending prc- have weakened slightly, local sellers have shown an inoeedings for foreclosure having reached a stage at which a creased desire to market supplies. The close was steady at
decree has been entered directing an early sale of the property 7;go. for Rio No. 7 and 8i|@8%o. for Santos No. 4. West
thereunder, the White Knob Copper & Development Co., India growths have had only a small sale, but prices have
Limited, a Maine corporation, has been formed and its stock held about steady, cbsing at 9}4@2^c. for good Cucuta and
issued for the property and securities held by the committee, lO^cailc. for good averpge Bogota. Speculation In the marpursuant to the plan. The holders of the Knickerbocker ket for contracts has been slightly more active. Discouraged
Trust Co. deposit certificates are notified that upon full pay- holders have shown increased pressure to sell, and under
ment of all instalments thereon the holders thereof will re- their offerings prices have declined. The close was firmer on
ceive from the trust company the certificates of preferred and European buying.
common stock of the new company to which they are en- May........^ 6'40e. Sept
6-70o. Deo
6-95c.
titled.
See advertisement on another page; also plan in V. Joly
6'60c Oct
6-800. Jan
700o.
Aug
6-60e.
Not
6'85c.
March
7-05o.
79, p. 2752.— V. 80, p. 1001, 478.
Raw sugars have been more firmly held in response to
White Knob Copper & Development Co.— Reorganized
stronger European advices. Prices have advanced slightly
Company.— Qe& White Knob Copper Co. above.
and the close was steady at 4 3^ \ for centrifugals, 96 deg. test,
and Z%c. for muscovado, 89-d9g. test. Refiaei sag^r has
Harde, Bonner & Co. will commence business on June been in better demand and steady, closing at 5'65@5"75e, for
1st, with oflaces on the ground fljor of the Wilkes Building,
granulated. Other staple groceries have been quiet.
6 Broad and 15 Wall Street. The firm will deal in investKentucky tobacco has continued to meet with a moderate
ment securities and transact a general stock and cotton demand and prices have held firm. Seed leaf tobacco has
exchange business. The members of the firm are Dadley S, been firm. The feature has baen an increased demand for
Harde, Chas. W. Bonner, formerly of T. M. Robinson &Co., the cheaper grades, but buyers have found it difiacult to obmember of the New York Stock Exchange, and Carlile tian supplies, due to scarcity, Sales have been reported of
Boyd, for many years connected with U. S. Trust Co., mem- 1902-03 Wisconsin binders and of Connecticut broad leaf.
ber New York Cotton Exchange.
Sumatra tobacco has had a moderate sale at firm prices.
;
—
—
&
Denison, Prior
Co. of Cleveland, O., recently moved
into spacious new oflQces on the second floor of tbe Garfield
Building. Their arrangement and equipment for the conduct of an extensive and rapidly growing bond and stock
business are most modern and complete. With its branch
oflBoe in Boston this firm occupies a prominent position, both
East and West, among the bond houses of the country.
—The old firm of Messrs. Morse Moore, No. 40 Wall St.,
was dissolved this week and a new copartnership formed, to
be known as Morse, Moore
Moore. Messrs. George R.
&
&
M-rse and H. V. D. Moore (member N. Y. Stock Exchange)
of the old concern, and Mr. D. Thomas Moore, formerly connected with Messrs. George P. Butler & Bro., compose the
new firm's membership.
F. J. Lisman & Co. advertise a line of safe bonds secured
by first mortgages on steam railroads earning over double
their interest charges, and paying 4>^ to 5 p. o.
—
Havana tobacco has been
quiet but steady.
Business in the market for Straits tin has been quiet, and in
response to weaker advices from London prices have declined, closing at 29-87i^@30'37i^c.
Ingot copper has been
quiet and prices have weakened slightly, closing at 15c. for
both Lake and electrolytic. Lead has held steady at unohargsd prices, closing at 4'60@4-60c.
Spelter has been
quiet, closing at 5 45@5 "550. The demand for pig iron has
been limited; prices have held steady at $16 50^16 75 for No.
2 Northern and $16 75 for No. 2 Southen.
Refined petroleum has been quiet, and the close was lower
at 6'90c. in bbls., 9'60c. in cases and 4'OOc. in bulk. Naphtha
has been steady at 12c. for 71 degr^•e8 and 12c. for 76 degrees.
Credit balances have been unchanged but the close was
weak at l'89c. Spirits turpentine has continued to advance,
closing firm at 75J^o. Rosins have been in light supply, advancing to |4 for common and good strained. Hops have
been dull, Wool has been in^fair demand and firm.
. .
.
.
.
THE CHRONICLE.
COTTON.
Friday Nioht, May 28, 1905.
The Movement of the Chop aa Indicated by our telegrams
from the South to-night ia given below. For the week ending
receiptfl have reaohed 125,587 bales,
against 133,316 bales last week and 148,575 bales the previous
week, making the total receipts sinoe the 1st of Sept., 1904.
this
evening the total
8,955,495 bales, against 6,974,221 bales for the same period ojf
1903-4, showinc; an increase since Sep.l, 1904, of 1,981,274 bales.
SeeeipU at—
1,920
Galveston
Tua.
Hon.
Sat.
3,730
4,696
2,639
1,338
Bavannab
Bmnsw'k, «*c
5,985
2,140
4,606
271
111
4,951
Obarleston
Pt. Royal, die.
Wilmington....
Wash'ton.&o.
Norfolk
203
283
50
MobUe
991
Pensaoola, &o.
—
N'p't
5,112
10,284
4.402 3,Q45
......
Hew Orleans...
535
2,172
832
1,787
3,628
3,297
tri.
7,047
7.435
8,996
Pt.Artlitir,&o
Thurt.
Wea.
6.081
1.006
396
309
3,027
1,450
2,982
1.108
64
2,451
•
36
109
994
780
5,846
1,778
2,425
3,219
16,134
987
203
1,877
5
1,762
1,762
40
165
484
61
602
Boston
Baltimore
421
17
167
50
25
50
Fhlladelp'a,&o
84.210
10,264
25,969
4,311
175
20,034
2,992
1,788
533
News, &re.
New York.
Total.
987
83
Tot.tIils week. 16.0091 18,236! 23,114l 19,675 18,888 31.766 126,587
The following shows the week's total receipts, the total sine
Septi
1,
1904,
and the atocki to-night, compared with last year.
1903-04.
1904-05.
Receipts
to
ThU
May 26
Since Sep.
week.
1,
1904.
Sto
Since Sep.
1, 1903.
This
week.
1905
1904.
34,240 2.525,622
10.264 267,765
New Orleans 26,969 2,463,209
297,507
4,311
HobUe..
175 179,888
Psaoola, dec.
Bavannab... 20,004 1,637,683
2.9S2 181,299
Br'wlok, &o.
1,788 208,365
Obarleston..
897
P. Boyal, <bo.
WUmlngton.
5,846 340,131
122
Wash'n, &e.
Norfolk
16,134 666,878
19,219
987
N'portN.,<fto
29,584
1,877
New York..
72,991
83
Boston
51,9J7
Baltimore.
1,762
12.348
165
PUladel,&o.
8,547 2,321,036
151,687
17,732
100,406
6,947 1,932,163
497 195,422
133,971
170,498
38,461
149,565
4,-520 1,122,043
37,190
33,320
8,462
8,238
2,589
55
120,760
163,875
1.278
320,695
8,450
6,213
2,095
336
464,339
32,742
4,964
126.687 8.955.495
21,903 6,974.221
Qalveston...
Pt. Ar.,&o.
Totals.
50
238
177
638
637
19,775
15.760
29,605
28.789
13,918
1,062
77
3,669
.......
116.04(1
3,924
1,028
5,501
582,752
66,653
2,940
3,511
1,722
290,878
In order that a comparison may be made with other years,
give below the totals at leading ports for six seasons.
we
Beceipit
at—
Oalves'n, &e.
Orleans
Mobile
Bavannab
5,547
6,947
44,504
25,969
4,311
20,004
1,788
5,816
16,134
New
. .
Obas'ton, &o.
Wllm'ton, &o
1903.
1904.
1905.
5,503
18,398
828
2,764
9
497
4,620
50
56
1900.
1901.
1902.
wk. 126,587
21,903
28,091
19.610
88,271
25,304
65
Since Bept. 1 8965.495 6974,221 7508,045 7276.97817111,122 6353,611
for the week ending this evening reach a total
of 119,433 bales, of which 41,874 were to Great Britain, 8„555
to France and 69,204 to the rest of the Continent, Below
are the exports for the week and since Sept, 1, 1904.
The esporta
ttalreiton....
PtArthnr. 4o.
New Orloaci..
.
..
Mobile
PeniaoolB, &o.
SaraoDati
Brnniwiok....
CharleitoD...
Port Royal....
Wilmington...
Norfolk
N'port N.. Ao..
12.
U6
22,219
22,210
3,838
3,S33
19,106
81,2n
6,992
5.992
1906
Great
Britain.
_
France
982,558 SZS.Wi
IS.OOl 33.76t<
92,697 19.629
263.251 19,110
Oonti
nent.
Tt;t«I.
613543
l,9H2,9S3
100,510
848,250
i,
161,901
189,200
67,326
139.086
61,016
173 314
t53 2«4 1,1C5,6'5
137.201
6,916
8,379
71,617
144,1E0
77,e9J
Boston
Baltimore
8,615
Philadelphia..
Ban rran.. *«..
1,569
8,013
88.617
8,565
1
9,610
169,016
826.121
8.801
21.817
100
2.27fe
19,68;)
6,078' 12,95^
2»t),lf9
»8.969
201,33
14.306
t6 6 3
523 770
8.616
1£9226
873
7,517
104,0(7
200'
1.766
16.89)
49 767
ie.=90
4i.ert
9.851
13,01(1
17.310
1
5:0
6,1!24
166.722
826
626
4.867
Total. 1008-31.
May 26
...
New Tork
Total
1901. (0
7,761 1,13 J,4tt2 245,878
61,3'5
7.7ttl
.
1,
Bxvnrted to-
Oonti- 2otai
France
Week.
Brit'n.
nent.
•
Sept.
6.1.201 119.133 8.189
7.788
1.671
lb8.691
ur.SBi
1.871
61,038
268,371
268,371
11,103
25.657
2,5"00
"506 4.606
i',8o6
3,500
500
3,375 14,674 4.896
1,320 16,342 16,042
5.236
3.369
5.722
6.151
12,742
104,744
16,902
251,594
39,284
62.720
260 667
. .
0-60 ofl
Good Ordinary
072 off Middling Stained
1-00 off Strict Low Mid. Stained... 106 ofl
Good Ordinary
1-50 off
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
On this basis the official prices for a few of the grades for
the past week— May 20 to May 26— would be as follows.
Strict
UPLANDS.
s«.s.
&ood Ordinary..— ..._..«^..».
Low Middling
Middling
_
Good Middling
Middling Fair
.„
GULF.
........
Low Middling
STAINED.
Low Middling.....
."
Low
Middling Tinged...
Good Middling Tinged
Strlet
Mon Tues Wed TM.
Frl.
7-50
8-12
909
961
7-60
8-12
8'5G
8-94
9-16
8 50
\ired.
Tl».
Frl.
7-90
8-52
7-75
a-37
7-75
7-30
7-92
8-30
8-74
9-26
7-45
8-07
817
7-65
8-27
8-45
8-55
8-65
8'89
9 41
a-99
9-51
HuX,
mon T«ie«
7-55
7-55
8-17
7-70
780
832
8-42
855
8 99
870 880
yl4 9-24
951
9-66
Sat.
Middling
9-76
880 8
»-34
9-86
Mon Tnea Wed
6-80
7-80
7-96
8-30
6-95
795
8'11
8-45
7-05
8-05
8-21
8'55
7'16
8'15
8-31
8-66
8-94
9-46
8 37
75
875
»-l9
9-71
y-19
9-71
Th. Frl.
7 00
7-00
00
8 00
8-16
8-50
8-50
8
for middling upland at New York on
26 for each of the past 33 years have been as follows.
1889....o.llie
1905. ...0. 8-50 1897. ...0. 7%
1881....0.1018jB
\\\
13-0,5
10
1880
1904
1896.
Bhe 1888
1879
134
1887
.11-70
73a
1903
1895
714
ll^e
1886
9^ 1878
1$!02
1894
99,6
III4
71I16 1885
1877
11
1901
1893
8>«i
1876
\\.\
738
11«>m
1884
1900
1892
95i8
1875
16
lO'e
6«4
8i5i8 1883
1891
1899
18B8
1874
\2^
1882
1890
1'.i'i6
1898
61a
The quotations
May
im
MARKET AND SALES.
The total sales of cotton on tne spot each day during the
week are indicated in the following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Bales of Spot & Oontraot.
FUTURKS
Spot Markbt
kt
Mark
ExOont.
OonClosed.
Closkd.
.. c,»nfpi,, lOptfi. ad
Manday.... tiulet.15ptn.ai.
l"TjeHday . . Cjulet, 10 pt8. ad.
W^duesday vjuKM. lOpts.ad
Xhuraday.. Qalet,15pts. do.
.iatnrday
497 J733,P11 3.303,048 7,526.126
STriday
070 6.707.009
Total
10f-.J5 e.408.069 684.874 2.014
s'obo
7.000
9,506
1.125
2,000
2,516
1.300
20.000
Speculation in cotton for future delivery has been fairly
active and there has been a considerable advance in prices.
The feature hss been the continued buying for investment
account induced by the reports received from the South of
an unfavorable outlook for the growing crop. Too much
rain over a considerable area, it is reported, is resulting in
grassy fields, and from some sections reports were received
of too low temperatures retarding the growth of the plant.
Ixflaenced by the reports now being received, the trade is
anticipating a bullish report to be issued at the opening of
June by the Government's Agricultural Bureau, and sentiment generally has been favorable to the market. There also
has been some increase in the buying by outside interests.
The reports received from the South have continued to report a good, steady demand for desirable grades of spinning
cotton and at full market prices. To-day the market opened
fairly active and higher ^on stronger advices from Liverpool and unfavorable crop reports from the South. Daring
the day there was free selling, understood to be for the account of a prominent interest to realize profits. There also
were reports of a bear attack upon the market and the early
improvement in prices was lost. Daring the late trading today there was some recovery from bottom prices and the
cloae was steady at 6 to 9 points higher for the day. Cotton
on the spot has advanced and the close was steady at 8'SOo.
for middling uplands.
The rates on and oflf middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
.0. 1*30 on
Good Middling Tinged 0. Even
0-96 on Strict Middling Tinged.... 0-06 off
Middling Fair
0-12 ofl
Strict Good Middling...... 0-62 on Middling Tinged
0*44 on Strict Low Mid. Tinged ... 0-34 off
Good Middling
0-14 off Low Middling Tinged
0'60 oft
Strict Low Middling
0-38 ofT Strict Good Ord. Tinged .. 084 ofl
Low Middling
Middling
Good Middling
Middling Fair
6,154
Great
Total 1904..
Total 1903..
3,127
1.850
from—
York....
Otber ports .
Good Ordinary
97
from
362,628
2o;bo6
{Norfolk
New
316
50
2.860
633
Total 1905.. 113.273 22,902 37,224 19,162 27,673 220,124
Obarleston...
Woblle
3,970
238
6,202 12.373 6,434
6.700 14.851 10,418
stock.
Total.
112,547
74,630
S0.190
262
325
1,951
Other Ooattmany. For'gn wite.
Ger-
57.951
77,067
7.000
2,516
33.300
20,000
11.300
11,000
6,531
987
igoe.
Sew Orleans. 32,310
aalveston
48,963
day an nab.. ..
5.000
95
33
922
7,044
Week Eniing May 2-i
Ecovorted to—
Leaving
Great
Britain Fr'nee
24
&io.
Mxportt
ON 3HIPBOA.BD, NOT OLBARBD FOB—
May 26 at—
561
All otbera...
Tot. tbls
&
2,105
11.082
2,635
2,095
We
25,221
18,046
2,219
1,316
4,222
Norfolk
N. News,
In addition to above exports, onr telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named.
add similar figures for
New York, which are prepared for onr special use by
Messrs. Lambert
Barrows, Produce Exchange Building.
3,323
7,442
11
6,435
7
[VCL. LXXX.
steady
Bteaay
Flmi
B «Kdy
B'rly steady.
yuiet.... ....... Steady
port.
<e
spec.
Irael
27
27
"25
2l'i
Total.
4,700
4,700
900
800
925
800
4,HO0
1,900
4,900
2,111
263 13,200 13.463
»
11
1
11
May
2-"
1
flD
Ba
THE CHEONICLE
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9''8d.
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10'50d.
8 6od,
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45i6d.
6B8a.
63ial.
S^ifld.
5%d.
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made up by
Peru f Bongb Good,LlverpooI
Broaeb Fine, Liverpool.......
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.
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JBgypt &ood Bro'«ni,Llverpooi
7d.
7d.
4l3,fld.
4''8d
week have oeen 137,000 balep.
figures for 1905 show a decrease from last week
of 29,248 bales, a gain of 1,335,485 bales over 1904. an exce^p of
1,159,393 bftJefl over 1903 and a gain of 898,605 hales over 1902.
Continental imports past
® Oi p tO C O — W
|fc050COl(^MOOO(005Cn0^tOM05©©000^3W^aOOOCOOOOCDC'^OOOOI to*
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The above totals show that the interior stocks have decreased during the week 34,081 bales, and are to-night 168,323
bales more than same period last year. The receipts at all the
towns have been 55,834 bales more than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
May 26 and since Sept. 1 in the last two years are as follows.
We
1903-04.
1904-05.
Jlfav 26.
Week.
Since
Sept. 1.
Week.
Since
Sept. 1.
Shipped^
via 8t. Louis
Via Cairo..
Via Reek Island
Via Lonlsvlllo
VlaClDOlnnatl
Via other roatee, &o....
8,535
3.913
.
255
2,432
1,035
5.649
Total gross overland..........
Deduct shipments—
Overland to N. Y., Boston, &c..
2,859
1,115
556,499
309,457
48,926
91,580
53,586
296,852
"694
51
22
Total to be deducted..........
13,598
116,642
31,167
193,405
368
621
166,910
28,933
52,008
1,964
19
1,165
88,072
30,395
90,438
4,876
247,851
3,133
203,905
3,887
Interior towns
Inland, &o., from Soath
496,011
246,3i6
4,741 1,097,209
21,819 1,356,900
Between
Leaving total net overland'.. 16,943 1,109,019
1,603 888,304
movement by rail to Oanada.
The foregoing shows that the week's net overland movement
this year has been 16,943 bales, against 1,G08 bales for the
week In 1904, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 220,745 bales.
*
Including
1904-05.
1903-04.
In Sight and Spinners'
Takings.
Week.
May 26
Net overlana to May 26
Southern consumption May
Receipts at ports to
m
The above
CO 05 OD "-
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Ilnnevelly GK>od, Liverpool...
OOMM
CO
;
^5
?«
as
cable and telegraph, is as follows. Foreign stocks, as well
as the afloat, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(May 28), we add the item of exports from the United States,
i Deluding in it the exports of Friday only.
1305.
1904.
1»03.
1902.
obAiee. 821,000
Btook at LlTMpool
600,000 635,000 1,004,000
LondOD
12,000
11.000
stock at
10,000
11,000
56,000
52,000
Btook at Af anoheater.
58,000
Total Great Britain stock
888,000 662,000 704,000 1,015,000
11.000
22,000
17,000
17,000
Btook at Hamburg. .^^ ,„.<,.._<.<
Btook at Brnmen ^_ ...„..^„ 356,000 256,000 282,000
148,000
1.000
Stock at Antwerp
4,000
3,000
6,000
Stock at Havre^.^
115,000 177,000
180,000 172,000
Block at MaiTBellleB
3,000
3,000
3,000
3,000
Stock at Baroelona
S3,000
52,000
20,000
24,000
Stock at Qenoa„^..„„^^.„
6l,000
15.000
28.000
19,000
Stock at iiieate . ....», ^^ ..^
5,0«C
5.000
15 000
11,000
Total Oontlnental stocks.. 575,000 52'),000
539,000 41 8,000
Total European stocks. .1,463,000 1,187,000 1,24S,000 1,433.000
India cotton anoas for Batope
S4,ooo 224,000 174,000 105,C00
Amer. cotton afloatlorB'rope. 340.000
84.000 137,000 l6i,ooo
Egypt, BrazU,&e.,aflt. for E'pe
65,000
20,000
28.000
10,000
Stookln Alexandria, Egypt... 176.000 157,000
83.000 120.000
In
Bombay,
Stock
India. .^...^ 912,000 460,000 742,000 646,000
Stock In United States ports.. 882,752 290,878 323,387 436,093
In
8.
Stock
O.
Interior towns.. 330,826
172,179
162,703
95,009
United 8tat«8?3:porlBtO-a»y.
32,182
20.883
21,914
3,971
Total visible supply
..8,950,7<)0 2,615,295 2,791,367 3,052,155
Of the above, totals of American ana otuer deBorlptiana are as ;nuo^ e:
AfficrfsaH—
Liverpool et3Ck...„., .baUs. 743,000 479,000 541,000 886,000
Manehester stock....
45,000
42,000
49,000
Oontlnental stocks.
542,000 440,000 474.000 369,000
Amerloan afloat for Knrope... 340.000
84,000 137,000 154,000
United States stock. .,._ .^^.^ 582,7.52 290,878 323,387 436,093
96,009 172,179
United States Interior stocks. 330826 162,503
32,182
21,911
20,883
3,971
United States azporta to-day.
Xotal American..^.. ..^^ 2,615,7 60 1,520.295 1,623,367 2 038,155
Matt Zndian, Sranil, *t.—
118,000
78.000 121,000
94,000
UvaipOOlStOOk......^
.,
12,000
10,000
11,000
11,000
London Stock ...... ..^ ........
10,000
10,000
9,000
Manchester Stock
...«
85.000
65,000
49,000
33,000
Oontlnental stooKe,.......^ ......
94,000 224.000 174,000 105,000
India afloat for Europe. ....„
65,00C
28,000
20,000
10,000
aCTpt,BrailI,*o., afloat....,.,.
63.000 120,000
took In Alexandria, E|?yp»... 176,000 167,000
912,000 4fa0,00C 742,000 546,000
took Bombay, Tndl*
Total East India, *e. »„«, 1.836 tiOO 1,095,000 1,168,000 1,014,000
Total Amerlean...... ....2,615,760 1,620,295 1,623,367 2,03 8,155
Total Visible supply..... 8,950,7fcO 2,615.295 2,791,367 3,052.155
6-34d.
5532(1.
7-12d.
Iddllng Upland, Liverpool
4-61<X.
11-700.
9^3,
Middling Upland, New fork..
18'20o,
8£0!.
.
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27, 1905.1
FOTUBES.
>
s
B »
.
,
126.587 8,955,495
16.943 1,109,049
26...
44.000 1,624,000
....
Total marketed
Since
Sept. 1.
21,903 6,974,221
1,603
888,304
42,000 1.587,000
187,530 11688544 65.506 9,449,525
34,081 269,166 •13 4o9 150,901
sight dnrlng week. 153,449
May
Week.
*
Interior stocks In excess
Came Into
Since
Sept, 1.
52.037
11957710
9,600,426
May es 23,216 2,028,434
Decrease rtnrlng week.
Movement into sight in previous years.
4,934 2,035,440
Total In Bight
26
North, spinners' tak'ga to
*
Week—
Bales.
-May 29
1902— May 30
1901-May 31
1903
1900-June
1
„
62.834
42.274
71 3i9
46,130
Since Sept.
1—
190203- May 29
1901-02— May 30
1900-01— May 31..
1899-00-June 1
Bales.
10,221,498
9,837.454
9,695,965
. 8,656,071
—
.
THE CHRONICLE.
2228
Quotations fob Middling Cotton at Otheb Maekets.—
Below axe closing quotations of middling cotton at Southern
and other principal cotton markets for eaoh day of the week.
OLOsnro quotations fob kcddjjsq cottom
Week ending
May
26.
8
New Orleans
7^
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
Boston
81i9
715,8
7''8
7H»
7i3i«
7I618
7%
7\
.
7%
778
8
8-20
8-12
8-55
8
Baltimore...
PbUadelph'a
Angnsta.
Memphis....
St. Loois
Houston
Monday, Tueiday. Wed'day. Thurtd^y Friday.
Bat'day.
Galveston...
8
8-30
8-25
8-70
—
8i,«
7i6,e
7^8
8
713,80'8
8
8i«
8-45
8i«
8ie
8I16
8I18
7ki
715,6
715i8
8
Uttle Rock..
ON—
7ifl
834
83,6
8V
8
8i«
8I4
8
8
8
8
8I4
855
8'65
8-50
8-75
8-50
8-90
83,8
838
8I4
83,6
88,6
7Bh
8H
8ie
8lie
7i«
81fl
818
8
8>4
8-37
8-80
85,6
85,6
8k
8i«
8
8>4
8 60
8-50
8-75
838
838
8>«
814
83,6
818
83,6
85,6
7!^
7%
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
Atlanta.
Colnmbns, Ga..
Colambns.MiSB
8i«
7^8
Louisville
Montgomery
.
.
8I4
8 is
Nashville
7\
7h
Orleans Option Market. —The
Natchez
8i,e
Raleigh
Shreveport....
7''8
8
New
highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
Monday, Tuesday, Wed'dav, Thursd'y Fnday,
Bat'day,
20.
May
May
MatRange..
Olosing..
22.
May
23.
..
Closing..
August—
Range
.
Closing..
OCTOB'K—
Range ..
Closing..
Dec'bke—
Range ..
Closing..
24.
May
25.
Mau
26.
7-78--84
7'82--83
7'94-'03
7-97--98
7-94--07
804--05
8-08--38
8-35--37
8-20--29
8'22--23
7-64--70
7-67-'68
7*80--91
7-82--83
7-80 -•93
7-91--92
7'95- 20
8-15- •16
800-14 805--21
--72
7-70--72
7-85-'87
7-85--86
790- 95 800-'21 800- •12 800-'19
7-94- 95
8'17--18
8 02- 04
807--09
7-73- •79
7-76- 77
7-86--97
7-89--f0
7-85--99
8'00--18
8-13-'14
7-97--10
7-96-16
800-01
8
7-78- 83
7-80- 81
7-92-00 7 99-03
7-93--94
3
8 04- 22
8-17- •18
801--13
804--05
8 03--21
8-11--12
Steady.
Steady.
Steady.
Steady.
Firm.
Steady.
JUI-T—
Range
May
-
7-97-98
00-01
8
8-30- •39
8-34- 35
04-05 8-14
06-07
TOKB—
Spot
Options.
Firm.
Qnlet.
Firm.
B'rly st'y
Steady.
Steady.
Weather Reports by Telegraph.— Our
telegraphic reports from the South this eveniog Indicate tbat rain has
fallen in most districts during the week and that the rainfall
has been rather heavy in some districts. It is claimed that
there has been too much rain in many localities, and there
are complaints of grass and weeds.
have had rain on four days the past
Oalveston, Texas.
week, the rainfall being fifty hundredths of an Inch. The
thermometer has averaged 79, ranging from 69 to 88.
Abilene, Ttxas. There has been heavy rain on two days
during the week, the precipitation being two laches and sixty
hundredths. Thermometer has ranged from 56 to 88, aver-
— We
—
aging
72.
Brenham, Teajcw.— Rainfall for the week three inches and
forty- five hundredths, on four days.
Average thermometer
78,
highest 90, lowest 66.
Corpus Christi, Teccas.—There have been showers on two
days of the week, the rainfall being 70 hundredths of an
inch. The thermometer has averaged 77, the highest being
88 and the lowest 66.
Cuero, Texas.— It has rained (light showers) on two days of
the week. The precipitation reached six hundredths of an
inch. The thermometer has average! 79, ranging from 64
to 93.
DaUas, Texas.— We have bad rain on three days during the
week, the rainfall being one inch and ninety-one hundredths.
The thermometer has ranged from 61 to 88, averaging 75,
Fort Worth, Teajoa.— Rain has fallen on two days of the
week, the rainfall being one inch and two hundredths. Average thermometer 71, highest 88, lowest 54,
Henrietta, Texas, There has been heavy rain on three
days of the week, the precipitation reaching three inches
and nine hundredths. The thermometer has averaged 71,
—
the highest being 85 and the lowest 57.
Huntsville, Texas.— Rain has fallen on four days of the
week, the rainfall being eighty-five hundredths of an inch.
The thermometer has averaged 73, ranging from 64 to 92.
Kerrville, Texas.— Ra,in has fallen on two days of the week,
the precipitation being one inch and forty-four hundredths.
The thermometer has ranged from 63 to 89, averaging 76.
Lampasas, Tea;a«.— Rain has fallen on two days of the
week. The rainfall reached one inch and fifty-six hundredths.
Average thermometer 77, highest 93 and lowest 62.
Longview, Texas.— We have had showers on two days during the week, the precipitation reaching fifty-six hundredths
of an inch. The thermometer has averaged 78, the highett
being 92 and the lowest 64.
Nagodoches, Texas. There has been rain on three days of
the past week, the rainfall reaching two inches and fifty hundredtha. The thermometer has averaged 74, ranging from
—
63 to 85.
Palestine, Texas.
Rain has fallen on three days of the
week, the precipitation being one inch and seventy-three
hnndredthe. The thermometer has ranged from 62 to 86,
—
averaging 74.
Paris, Teajcw.- Rain hag fallen on three days of the week,
the rainfall being two inche8.>nd thirty-eight hundredths.
Average thermometer 74, highest 84, lowest 68.
[Vol.
t.
tyt
San Antonio, Tleajaa. -There has been rain on oue day during the week, the precipitation being eighty-six hundredths
of an inch. The thermometer has averaged 77, the highest
being 90 and the lowest 64.
Weatherford, Texas.-It has rained on three days of the
week. The precipitation reached one inch and thirty- two
hundredths.
The thermometer has averaged 78, ranging
from 60
to 86.
—There has been no rain during the week.
The thermometer has averaged 81, the highest being 91 and
Lnling, Texas
the lowest 70.
New Orleans, Louifltana.— Rainfall for the week one inch
and eighty-one hundredths, on three days. Average ther-
mometer
79.
Leland, Mississippi.— We have had rain the past week,
the rainfall being ninety-one hundredths of an inch. Thermometer has averaged 70, ranging from 61 to 83.
Vickaburg, Missiasippi.-TheTe has been rain on three days
during the week, the precipitation being one inch and thirtytwo hundredths —too much rain. Thermometer has ranged
from 65 to 86, averaging 75.
Ghreenwcoi, Mississippi.
are having too much rain.
Helena, Arkansas,— Theve has been little done this week.
There have been showers on six days of the week— rain such
as hinders farming. The precipitation reached one inch and
sixty hundredths. The thermometer has averaged 71, the
highest being 88 and the lowest 68.
Little Rock, Arkansas,
Farmers are much behind with their
planting and cultivating in consequence of continued and
excessive rain. Rain has fallen on five days of the week, the
rainfall being one inch and fifty-two hundredths of an inch,
The thermometer has averaged 70, ranging from 83 to 78.
Memphis, Ten7iessee.—B,a,in has Interfered with farm work,
giving weeds and grass a chance to grow. Planting not yet
completed. Crops need sunshine and cultivation.
There
h&s been rain on five days during the week, the precipitation
being one inch and twenty hundredths. Thermometer has
ranged from 59*7 to 78, averaging 68'6.
Nashville, Tennessee.-lt has rained during the week to the
extent of three inches. Average thermometer 68, highest 79,
lowest 66.
Mobile, Alabama.— RAins general in the Interior during
the week, and there are complaints from most sections of too
much moisture and grassy fields.
have had rain on three
days of the week, the rainfall being two inches and seventyeight hundredths of an inch. The thermometer has averaged
76, the highest being 87 and the lowest 65.
Montgomery, Alabama,— There are complaints of grass in
some sections, interfering with stands of cotton, but as yet no
perceptible damage has been done. Prospects still continue
good.
have had rain on four days the past week, the
The
rainfall being one inch and seventy-nine hundredths.
thermometer has averaged 74, ranging from 65 to 89.
Madison, Florida,— Rsbin. has fallen on three days of the
—We
—
We
We
week. Tne rainfall reached two inches.
eter 76, highest 88 and lowest 64,
Average thermom-
Augusta, Georgia. —There has been rain on three days of
the week, the rainfall being one inch and twenty-five hundredths. The thermometer has averaged 70, the highest being 84 and the lowest 61.
Savannah, Georgia.— Rain has fallen on six days of the
week, the rainfall being one inch and forty-one hundredths.
The thermometer has averaged 74, ranging from 64 to 88.
Smyrna, Oeorqia.-Too much rain. Crops very grassy and
labor scarce. Rain has fallen on six days of the week, the
precipitation being two inches and eighty-nine hundredths.
The thermometer has ranged from
58 to 80, averaging 66.
Greenwood, South Carolina,— Rain has fallen on three days
of the week, the precipitation being two inches and fifty-two
hundredths. The thermometer has averaged 63, the highest
being 74 and the lowest 58.
Stateburg, South Carolina,—The latter part of the week
A week
has been dry and plowing is actively in progress.
more of dry weather might enable farmers to get clear of
grass and weeds. It has rained on three days of the week.
The precipitation reached elghty-slx hundred Lhs of an inch.
The thermometer has averaged 68, ranging from 57 to 82.
Charleston, South Carolina.— R&in has fallen on three
days of the week, the rainfall being fifty-three hundredths of
an inch. Average thermometer 72, highest 84, lowest 64.
The ground has been too wet
Charlotte, North Carolina.
Rain has fallen
to permit of further planting or cultivation.
during the week, the precipitation being ninety-one hundredths of an inch. The thermometer has ranged from 58
—
to 77, averaging 65.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. May 26. 1905, and May 27, 1904.
Jlfav26/06.
New
Orleans
Memphis
Naehvllle
Shreveport
Vloksburg
Above xero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
May
27, '04.
Feet.
Feet.
13-8
28-7
19-4
155
290
86-8
16-8
50
5 7
373
Jute Butts, BAaaiNO, «&c.— There has been little or nothing doing in jate bagging during the week under review
and prices are unchanged at 6;''3C. for \% lbs., iJsO. for 2 lbs.
standard grades. Jute butts dull at li^@l^o. for paper
quality and 2@2>;^o. for bagging quality.
May
THE CHRONICLE.
27, 1905.]
OuE Cotton Acbeage Repobt.— Oar
cotton acreage
report will probably be ready about the lat of Jane. Parties
desiring the circular in quantities, with their business card
printed thereon, should send in their orders as soon as
possible, to ensure early delivery.
India Cotton Movement from all Ports.—The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending May 25 and for the season from Sept. 1
to May 25 for three years have been as follows.
1908-04.
1904-05.
a(—
Beeeiptt
Since
Week.
Bombay
Sinu
Week.
Sept. 1.
1902-03.
Sept. 1.
60,000 2,184,000
59,000 1,897,000
72,000 2,267,000
Since
Week.
Sept. 1.
Since September
For the Week.
1.
Xxportt
from—
Great
Britain.
Qreat
Britain.
Continent.
Continent.
Total.
20.000
28,000
12,000
21,000
29.000
12,000
17,000
90,000
71,000
283,000
785.000
700,000
300,000
875,000
771,000
2,000
4,000
1,000
2,000
4,000
1,000
2.000
3,000
4,000
23.000
29,000
30,000
25,000
32,000
34,000
•>•
1,000
1,000
1,000
3,000
8,000
6,000
13,000
28,000
10,000
16,000
36.000
16,000
16,000
9,000
1,000
16,000
10,000
1,000
7,000
7,000
16,000
140,000
163,000
100,000
147,000
175,000
116,000
Total.
Bombay—
1,000
1,000
1904-05..
1903-04..
1902-03..
Oaloutta1904-05..
1903-04..
1902-03..
Madras—
1904-05..
1903-04..
1902-03..
1,000
still poor in localities, and much planting
cultivation and chopping progreselne, but crop very
weedy, growing well in south, where chopping and cultivation are
general and some is laid by; squares forming; boll weevil and other
pests active in some ooanties.
Ahkaksas— About 80 per cent of cotton planted, early fair to good
stand, but getting foul, some dying on account of unfavorable weather
and lacK of sunshine, chopping begun in many sections.
Tennessee.- Cotton being worked where soil is favorable; cotton
stands generally good; cool weather unfavorable; acreage reduced.
Oklahoma AND Indian Tebritorieb— Cotton generally up to fair
stand, making good growth, and being worked or chopped, with some
rotting reported.
erop looks better, though
unfinished;
These reports are summarized by the Crop Division as
follows:
While good stands of cotton are generally reported from the eastern
and central sections of the cotton belt, cool nights hive checked
growth, and the staple is suflering from lack of sunshine and cultivation, complaints of grassy fields being received from nearly every
State In these two sections. Planting is finished in South Carolina
and Alabama, nearly completed in North Carolina and Mississippi,
but about 23 per cent of the area remains to be planted in Louisiana
and Arkansas. Chopping is well advanced in the Carolina*, continues
in Georgia, Alabama and Mississippi, and has begun In some places in
Arkansas. In Northern Texas, though cotton was damaged somewhat
by heavy showers and Is still poor in places, is very weedy, and much
plantluK is unfinished, the prospects are improved; with more favorable conditions for replanting and cultivation, the crop looks better
and cultivation and chopping are progressing. Ootton is growing
well in Southern Texas; chopping and cultivation are general; squares
are forming, and some has been laid by. Boll weevils and other insect pests are active in
•>••
1,000
Total all1904-05..
1908-04..
1902-03..
2.000
2,000
40,000
44,000
14,000
38.000
42,000
14,000
Total
Liverpool, per steamer Oevio, 1,955 npland
and 1,011 Sea Island
To Manchester, per steamer Theepls, 1,732
To London, per steamer Mlnnehana, 4
To Glasgow, per steamer Columbia, 165
La
To Havre, per steamers Cape Antlbes, 368 upland
L% Gascogne,
Bretagne. 450 upland and 176 foreign
1,000 npland. 6 Sea Island and 13 foreign
To Bremen, per steamer Princess Alice, 200
To Hamburg, per steamer Pretoria. 2
To Antwerp, per steamers British Princess, 8,050.. .Vader-
New Yobk—To
29.000
459,000
488.000
108,000 1,010.000 1,118,000
97,000
840,000
937.000
Alexandria Receipts and Shipments op Cotton.—
Through arrangements we made with Messrs. Choremi,
&
of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria, Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two vears.
Benachi
Co.,
Alexandria, Bgypt,
May
1904-05.
24.
Beeeipta (cantars*)—
This week............
Since Sept. 1
1903-04.
38.000
6,118,427
800
6,736,549
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
This
Since
week. Sept. 1.
To Liverpool
4,500 199,624
133.692
To Manonester
To (Continent
4,750 277,177
700 65,267
To America..........
5,250 213,497
127,388
i"750 308,933
100 47,245
1,281 198.121
140,385
Exporte (bales)—
Total exports
*
9,950 680,660
7,100 697,063
i',200
86
292,179
77,790
2,567 703,445
A cantar Is 98 lbs.
Manchester
Market.
land. 900
MenzelJ, 3,703
May 25 - Steamer Selma, 3,032
To Hamburg-May 20— Steamer Rauma. 400
To Antwerp May 19— Steamer Madawaska, 2,368
—Our
report received by cable
to-night from Manchester states that the market is quiet
for yarns and firm for shirtings. The demand for both homs
and foreign markets is good. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison.
26
-
1904.
8I4 lbs. SMrt-
32f Oop. xngs,
Tvoist.
d.
d.
B.
4
«8k 4
?!« ©838 4
Mays
.<
12 79i6 ®838 4
" 19 708 ®838 4
«• 26 7ii,g©8i«
4
Ap.21 738
" 28 738
Uplds
to finest.
t»8l4
OotVn
common Mid.
d.
a.
d.
06 11)4
«6 11ifl
d.
d.
May
Steamers Oallfornlan. 4,500; Selma, 719
d.
10i«®lli« 6 6
1
101«Olll6 6 6
liflOeilia 424 l038»liie 6 6
2i««6 Ills 4-36 lOH® 11 6 5
2i9tt6 11>< 4-39 10 ©10% 6 4
4*61 10 -aio^ 6 4
3 ®7 1
1
4-17
4-16
B.
d.
«9 8
99 8
tD9 7h
®9 7%
«9 6
«9 6
d.
7-90
7-72
7-76
7-38
7-36
7*12
Government Weekly Cotton Report.— Mr. James Berry,
Chief of the Climate and Crop Divisloa of the United States
Weather Bureau, made public on Tuesday the following
telegraphic reports on the crops in the Southern States for the
week ending May 22:
NoBTH Cakolina.— Many fields still very foul; planting cotton
nearly flnlBhed, chopping well advanoed, stands good, bat growth
oheohed by low temperature.
South Oabolina.— Nights too cool for cotton, checking Its growth;
lack of onltlvatloa and excessive rains caused plants to turn yellow,
planting finished and chopping well advanced, stands good, but gome
plants dying on sandy lands,
fielcts still
grassy.
Geobqia.— Cotton chopping continues north half of State, p'owing
begun south, plants healthy, looking well where cultivated, many
fields still grassy.
Florida— Bulk
condition and
good stands.
of early cotton received first working, crop in good
growing nicely, some late planting being chopped to
Alabama— Gotten
planted, some redaction in acreage, stands
good, but fields very grassy, and cool nights checking growth, chopping progresftlng slowly.
Mississippi.— Farming operations progressed fairly well, but still
very backward; grass and weeds menacing crops; cotton planting
Bearing completion, decreased acreage, chopping general, stands
good, early being worked.
Louisiana— Cotton planting completed in some sections, less than
three -fourths planted other places, plants small, stands generally
good, but some replanting necessary. Bulk of crop badly in grass.
Texas—Cotton prospects improved, some damage by heavy showers north, but conditions for re-planting and oiauvation improved;
all
200
2
200
1,127
399
200
400
7,577
-
tional).
19— Steamer Sagamore,
89. ...May
May 22- steamer
Canadian. 2.227
Saxonia,
1,395
May 23-Steamer
4,404
May 24 Steamer Arabic. 550
Baltimobb— To Liverpool— May 19-8tr. Quernmore, 6,214
To Havre— May 15— Steamer Oakmore, 650
ToBremen— May 23-Steamer Breslau, 573
To Antwerp— May 15— Steamer Oakmore. 800
Philadblphia-To Liverpool— May i9-Sir. Friesland. 1,568..
To Antwerp— May 4 Steamer Etonian, 100
May 19—
—
8,615
6,214
580
573
300
1,566
Steamer Klngstonlan, 100
200
SAN fk>noi80o— To Japan— May 20 Steamer Heathdene,
8,665.. .. May 24-Bteamer Volga, 8,225
16,890
119.433
arranged in our usual form, are as follows.
Great French Ger-
r-Olh.E'rope—~ Mexico,
tic. Japan.
Total,
203 4,150 1,526
200
4,687 8,013
12,958
6,947
560
7,136 7,677
22,219
7,761
7,761
••>
•>«•
«$fuOO
•«• OfOOO
12,115
19,106
81,221
5,992
5,992
lipid*
to finest.
8.
2,013
To Genoa May 25-8teamer Soperga, 6,947
6,947
To Mexico -May 20 - Steamer Norheim, 660
560
&ALVE8TON— To LI vcrpool - May 19-8teamer Benedict, 7,761. 7,761
Bremen-May
li+—
Euston,
MoBn.B—To
Steamer
3,833
3,838
Savannah— To Manchester - May 26—Steamer Linoiirn, 12,115 12,115
To Bremen-May 20-Steamer Elswlok Lodge, 6,585
May 23-Steamer Liehenfels. 12.521
19,106
WiLMiNOXON-To Havre-May 26-8teamer Haslingden. 8,9^2 5,992
Nbwpobt News-To Liverpool- May 17— Steamer Shenandoah. 626
626
Boston— To Liverpool May 16 Steamer Devonian (addi-
Brit'n.
New York.
d.
4
165
The particulars of the foregoing shipments for the week
9Hlbt. Shirt- Oott'n
32« Oop. ings, common Mid.
Twist.
2.9S6
1,732
6.735
Total
1905.
bales.
3,950
To Norrkoping, per steamer Florida. 2<I0
To Genoa, per steamer Roentgen Lulse. 1,127.....
To Naples, per steamer Koenlgen Lulse, 399
To China, per steamer Ooulsdon, 200
New Oblkans-To Bremen -May 18 -Steamers Captain W.
1902-03.
11,000
6,445,412
some counties.
Shippinq News.—As shown on a previons page, the
exports of ootton from the United States the past week have
reached 119,483 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
411 Others—
1904-05..
1903-04..
1902-08..
2229
N. Orleans
Galveston.
ports,
many. North. Sonth.
•• •«
oSLODLIOi..**
Savannah..
WUm'g'i'n
N'p'tNews
626
Boston
8,615
6,124
1,566
Baltimore.
Phll'delD'a
Frail
626
880
573
300
200
San
Total.
16,890
41.674
8,555 80,854 12,227
8,616
7,547
1,766
16,890
763 16,890 119.433
8,473
The exports to Japan since Sept. 1 1904, have been 256,521
bales from Pacific ports and 4,183 bales from New York.
Cotton freights at New York the past week have beer)
,
as follows.
Saiur.
Liverpool , askde. a.
t.
edanohester
e.
Havre
Svemen, asked.. s.
Hamburg, a8ked.e.
c.
Antwerp
9hent,v.Antw'p.e.
Beval, indirect. .e.
Beval, via Oanal.c.
Barcelona
e.
aenoa.May-J'ne.o.
iron.
iHtS.
14
14
14
13914
13914
13914
18
12V
I214*
20
25
12
18
20
25
12
20
26
12
18
28^30
28930
18
32
32
25
23^
15
16
Trieste
23
23
e.
tanantviaSaeo.e.
40
40
Qnotationa are cents per 100 Iba.
Wtdnei. Thurt
14
2219
15
23
40
13
13914 13914 13914
12%'
20
26
12
18
28930 28930
82
14
Pri.
32
22 14
16
23
40
And
17
V
20
28
12
18
28
32
17is»
20
25
12
18
28
32
22I9
22ifl
15
S3
15
23
40
40
5 per cent.
.
THE CHKONICLE
2'2m
—
LivBBPOOL, By cable from Liverpool we have the f ollowiug
Btatement of the week's sales, stooks, &c., at that port.
May
Sales ol the
week
bales.
OI wMob exporters took. ..
Of whloli speculators took.
^ales Amerloan
.lotual export
...^ ......
Forwarded
Total stock— Estimated
OI which Amerloan—Est'd.
lotal Import of the week.....
Of which Amerloan
moant afloat
.
Of which Amerloan
May
5.
54.0OU
2,000
S,000
50,000
12,000
93,000
811,000
729,000
98,000
83,000
203,000
181,000
May
12
May 26
19.
56.000
2.000
4.000
52.000
8.000
95,000
815.000
734,000
94.000
79,000
232,000
209.000
49.00(
3,00C
3,001
4S,00C
9.00C
78 OOC
824,000
741,00C
lOO.OOC
8 9. OOC
2o000(
201,00(
5SJ,000
1.000
2,000
5i,000
9,000
61.000
821000
743000
76,000
66,000
205,000
188,000
The tone of the Liverpool market for spots and futures
each day of the week ending May 2o and the daily closing
prices of spot cotton, have been as follows.
Sat'day.
Bpot.
Monday. Tuesday, Wed'day. Thursd'y FYiday.
Market, ) Moderate Moderate Moderate Moderate
18:30 F.M,| demand. demand. demand. demand.
Bales
Spec.
4-46
4-39
Mid. Upl'ds.
4-58
10,000
1,00^
10,000
8,000
500
500
500
doing.
4'61
4 58
4 50
7.000
& exp.
Fair
bnslneas
Quiet.
^
10 000
590
10,000
1,000
Market
July dellv. tn elev
63%
5438
5514
53%
65^
55^
DAILY OLOSINO PBIOBB OF NO. 2 MIXED COBN IN CHICAGO.
Sat.
Mon Tues
Thurs.
Fri.
Wed.
May delivery In elev
5678
62%
57%
eek
63
58
48i«
July delivery In elev
47 ''8
49''8
49'^)
48%
4988
Sept. delivery In elev
47^^
4788
48^
48%
48k
48''e
Oats for future delivery at the Western market have received a limited amount of speculative attention, and there
has been a moderate advance in prices following the sharp
upturn to valuts of corn. Stocks at the interior markets
ehow a considerable reduction, dae to free shipments on the
fairly large sales made recently, and this, too, operated in
favor of the market. Locally the spot market was firmer
but quiet. To-day the market held fairly steady.
DAILT OLOSIHO PRI0K8 OF OATH TN NJKW
Wed, Thurn
8ai.
Mon. Tue*.
Fri.
YORK.
Bfo.
}
opened.
)
3 pts.
advance.
Firm at Br'lyst'dy
Firm at
Steady,
4ia6 pts.
nnch. to biiiO pis, 3@1 pts.
advance. 3 pts. adv. advance. tdvance.
Oni«t at 9te*dy at Firm at
9 pts.
9®;i pti. 1&2 pts.
advance. advance
adv. advance
Steady,
Market,
4
jteadv at
l
p. M.
5
anoh. to
2 pts.
Firm,
nnch. to
1 pt.
adv.
Qntet at Irresular,
\<as pti.
uach to
decline.
3 pts. alv.
Nom.
Nom. Nom. Norn. Nom. Nom.
Nom. Nom. Nom.
37k Nom. Noija.
DAILT OLOBINO PBIOBB OF NO. 2 MIXBD OATS IN CMICAOO.
.-
Mon.
Sat.
May
20.
May 22.
Taes. Wed. Thurs.
Frl.
May 23 May 24. May 25. May 26
12i« 1 I219
4 18i« 4 12i« 4 12^ 4 12i« 4
P.M. P.M. P.M. P.H, P.M. P.H, P.M. P.M, P.M. P.M. P.M. P.M.
4 32 4 34
4 32 4 34
25 4 32 4 34
264 33 4 35
4 30
May- Jane... ISO
Jnne-Iuiy.. 4 30
Jnly-Aug.
Aug. -Sept
.
I
32
26433 4S5
132
v32
Sept. -Oct..
Oct. -Nov... tS3
Nov.-Deo.
Dec-Jan
.
—
..
4
4
35 4
36 4
Jan.-Feb..., 4 37j 4
..
4 38' 4
Mch.-Aprll..
139 4
Feh.-Moh.
d.
d.
d.
May
27 4
27 4
38 4
28 4
29 4
SO 4
34
35
35
36
37
38
314 39
4 36
4 36
4 87
4 38
4 39
4 40
4 42
d.
4 36
4 36
4 36
4 37
4 37
4 38
4 38
4 3d
4 39
4 40
4 41
d
d.
d.
4
4 8S 4
i3f
4
44
44
44
45
46
4 36 4
4 3': 4
4 38 4 47
4 38 4 47
4 39 4 47
4 39 4 48
4 40 4 49
4 41 4 50
4 42 4 43 4 61
d.
4 44 4 44
4 44 4 44
4 44 4 45
4 45 4 46
4 46 4 46
4 47 4 47
4 47 4 47
4 48 4 48
4 48 4 48
4 49 4 49
4 5014 i^O
4 52 4 52
d.
d
d.
4 42 4 47 4
4 42 4 47 4
4 43 4 48 4
4 44 4 49 4
4 44 4 49 4
4 45 4 49 4
4 45 4 SO 4
4 46 4 50 4
4 46 4 50 4
4 47 451 4
4 48 4 52 4
4 49 4 53 4
45
45
46
47
47
47
47
47
48
48
49
49
BREADSTUFFS.
Friday, May
25, 1905.
Business in the market for wheat tljur has been fairly
active. The mills have made fair sales of sprina- wheat flour
at a higher basis of values, to conform with the advance in
prices for the grain. There also has been fair trading in
Kansas and winter-wheat straight lor both prompt and forward deliveries, but no advances in prices have been reported paid. City mills have been in fair demand from the
"West Indies trade and at firmer prices. Rye flour has had a
moderate sale and at firm prices. Corn meal has been Arm
at advancing prices.
Speculation in wheat for future delivery has been fairly
active and there has been a fairly sharp advance in prices,
particularly tor the near by deliveries. O vving to the lack of
sunshine and the cool weather, the crop is expected to be a
late one, and this has had a tendency to create some nervousness among shorts of July delivery as, with the small remaining stocks of old-crop wheat and a late movement of newcrop supplies to market, the possibilities of a "eqaet Zd" are
;
being considered. Cable advices have reported firm foreign
markets. Owing to the very moderate existing stocks, to
gether with the fact that supplies are being rapidly depleted,
the spot markets here and in the interior have ruled firm and
To-day the market was
sales made have been at full values.
easier for spot deliveries, but firmer for distant months on
crop damage reports.
DAXLT OLOBIMO PBIOBBOF WHBAT TUTUBBB IM NEUT YORK.
No.2redwlnter,
f.o. b...
J uly delivery In elev
K«Dt. rtellv. In elev
Deo. dellv. In eleo
Sat.
Mon.
Tues.
IOOI4
104ia
92%
93i>8
107\
94%
86
88i«
8f>''8
Wed.
IKjia
9588
87i«
86^
87
Thuri.
111>«
9^^
Fri
110k
9d^
87i«
87''s
86%
87H
DAILT OUOSINO PKICB8 OP WHEAT FDTDRBS IN CUIOAUO.
Sat.
Thurs. iri.
Mon.
J'lte*.
Wed.
May deUv. In elev
98
101
102% 10.'S% 106
IO314
91i«
Jaly (leuv. m «ie,v
90"'^
88
88%
9088
89'8
Hnpt. delivery In elev.... 81%
H3^
82
S2^
88%
83>e
Deo. deUvery In elev
8288
8314
82»s
Indian corn futures have been fairly active and tbe fea'ure
has been a eharp advance in prices in the Chicago market for
May delivery. Tbere has betn a "squeeze" of short sellers of
this delivery and iu their efforts lo cover contracts th'^y have
forced a rapid advance in prices. At the close the higher
values Tnlicg were refculting in increa-ed receipts, there
being a freer movement from the country, and the pressure of
theKO supplies served to check the aggressive operations ot
mixed In
elev......
2 whit« In elev
May
delivery
July deUvery
m elev
m el8V
Sat.
Mon.
Tu^s.
30k
29k
Soag
2988
28i«
80%
28i«
8ept. delivery In elev....
29''a
Wed.
313g
SOSa
28H
28k
Thurs.
SlSg
SOSs
2888
Fn
313s
30k
28k
Following are the closing quotations:
The
prices of futures at Liverpool for each day are given
below. Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
T/tut
4 30 means
Vir" 2'Ae prieet are given in pence and 100<A.
4 30-lOOd.
Vol. lxxx
bull interests. According to the reports from the corn belt,
the crop is still backward, but weather conditions during
the pa-it week have been reported more favorable for ihe
completion of farm work. The spot market has been firmer
but quiet. To-day the market for May delivery weakened
under larger receipts of corn than expected, but other deliveries held steady.
DAILT OLOaiMO PBI0B8 OF NO. 2 MIXBD OOBH IN ^EVf YORK..
Sat.
Frt
Mon, Tiies.
Wed. TAurs.
Cash corn f. o. b
56»«
6714
57
5713
58
57k
May delivery In elev
56
56%
58%
60
59k
No. 3
Future*.
[
nne....,»„
|!2
FLOXTB.
Patent, winter
$5 00
-93 60
Olty mills, patent. 6 OO
®3 75
Bye flour, superfine 4 10
«3 15
75
3 25
Superfine
Extra, No. 2
Extra, No. 1
Clears
3 95
Straights
Patent, spring
4
5
3 55
93 90
94 40
76 ©4 90
25 «5 95
Buckwheat
3 70
Wheat, per busn—
N.DuL.No.l
N. Dul., No. 2. ......
Red winter. No. 2..
Hard winter. No. 2.
Date— Mixed, p. bush,
Oom meal-
Nominal.
f.o.b.ll4i€
f.o.b.l09k
f.o.b.l
«2 85
92 90
Western, etc.—.. 2 75
Brandywlne
2 85
OBAIM.
Corn, per bUBh—
o.
10k
f .o.b.Nom.
36
flour..
05 50
06 40
«4 90
«35k
White
36k »40
No. 2 mixed...
No. 2 white..........
Nominal.
Nominal.
o.
Western mixed
52
c.
•57k
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush-
f.o, b.57k
f.o, b.69
Western
State and Jersey....
Barley—West
74 •85
Nominal
46 «55
f. o,
Feeding
41
b.60
'945
Exports of Grain and Flonr from Pacific Forts.— The
exports of grain and flour from Pacific ports for the week
ending May 25, as received by telegraph, have been as follows:
From San Francisco to various South Pacific ports, 4,786
bbls. flour, 300 bushels wheat and 2O0 bushels oats.
Combining these figures with those tor previous weeks, we
tiave the following, which covers the exports to foreign
conn tries for the period since July 1, 1904, comparison being
made with the corresponding period of 1903-04.
itkn
Fran. 630,321
Paget 8'd. 1,201,060
Portland..
664,947
Wheat,
Corn,
bush.
bush.
1.622,441 184,073
1,388,165 29,422
1,483,760
3,312,165
1,163,685
863,874
854
412
Total.... 2.496.328
rot. '03-4. 3.174,939
4,494.366 213.495 1.022,298 5 339,724
6.458,612 44.365 556.395 10.189,797
1,268
1,422
Mxports
Flour,
from—
bbls.
Oats,
Barley,
bush.
bush.
178,513
533.784
310,001
iJye,
bush.
Government Weekly Grain Etc., Report.— Mr. James
Berry, Chief of the Climate and Crop Division of the United
States Weather Bureau, made public on Tuesday the telegraphic reports on the grain crops in the various States for
tbe week ending May 22, eummarizlng them as follows:
COBN.— Further delay In corn planting Is reported from Ohio, Indiana and Illinois, and much re-plautlng is necessary in the first and
last-named States, as well as In Iowa and Nebraska. Planting is
nearly completed in Southern MlHsourl and about three-fourths of the
area is planted la Iowa and Northern Mtssoarl, mosdr flaistied in
Nebraska and Central iniaols, and this work is now being vigorously
pushed In lodlana and Kentucky. On dry, warm soils in Iowa germination is fairly good, but corn needs warmth and snnshlue to insure
ea'lsfactory growth. Out worms are damaslng in the Ohio Valley and
portions of the Middle and South Atlantic States, while the crop is
sDfl'^rlng from lack of cultivation in the last named district and In the
States of the lower Mississippi Valley.
WiNTEB Wheat.— winter wheat generally continues promising, although oamulalnts of rust are received from Kentucky, Tennessee,
Missouri, Oklahoma aod Texas, and reports of short straw from portions of the Middle Atlantic States. Illinois and Missouri. The crop la
beglnnlug to head la Southern Nebraoka. Winter wheat is doing well
in California, headini? nicely in Oregon, and looking well but making
slow progresa in VVashiuglon, owing to heavy frosts, which out down
some grain in low valleys
Si'KiNO WiiKAT.— More favorable weather conditions during the latter part of the week have caused spring wheat to improve rapidly
and this croo is now making Batletaotory progress. except on lowlands
in
North Dakotii, where
slightly
damaged by
ll.wrilng,
and some
scat-
tered fields of the late sown are thin in Sjutu Dakota. Spriug wheat
is advauclng satlefucturily in Oregon, and though heavy frosts caused
some namage in low valleys in Washington, the crop will reoover and
is looking well.
Oats— The general condition of oats is satisfactory. The crop as a
whole h*8 mitdo good growth, although retarded by cool aad cloudy
Wd«ther In Minnesota during the fore part of the week, and i>y floods
la portions of Ohio, while some scattered fields are thin in Nebraska
and South Dakota and considerable rust is reported from Northern
Texa.'.
Tnemovementof breadstutfs tomarket as Indicated in the
•tatements below is prepared by us from figures collected
The receipts at
by the New York Produce Exchange.
Western lake and river ports for the week ending May 20
aud eiucQ Aug. 1, Cor eacia of the last three years have been:
7
.
.
.
May
:
THE CHRONICLE.
27, 1905.]
Corn.
Wheat.
Flour.
B<cet|>l« at-
Oats.
Barley.
103.161
84.300
162,600
Mllwaakee
Dnlntb
3,600
Tot.wk. 1906
Since Aug, 1
1904-5
1903-4
1902-3
125.5'40'
20,900
44,20r
136,800
14,280
12,841
207,890
245.40
61,910
24,640
12,010
38,000
48.600
388
1.200
29,545
134.637
143,845
19,300
147,40<
330.000
183.000
203.030
KaniaR CltT
Same wk. '04
Same wk. 'OS
3^8,350]
39,145
8.150
..
. .
814,900
710.080
19.000
3l,?83
Toledo
Oleyeland
Bt. Lonli
Peoria
34S,5O0l
10,384
Mlnneapoliti
Detroit
47.000^
The character
lbs.
32,000
7,2J0
10,840
400
98,101
338,85"
1,250
3,030
4,800
24,8(
5fl,40C
841,3^4
1,308,013
1,027,400
2,019,301
686,081,
58.240
290,';77|
1,022.812
i.eoa.'rgSi
1.913,772
611.947.
897.416
1,589,775
2,943.493,
2,195,585
443.898.
78.010
61,691
14.032.889 186,505.486 152,898,900 135,770,097 e0,737,923| 6,253,538
16,417,401 199.339,346138,714,548136 647,484 61,47e,';03 7.148,077
16.974 939 224.S35 962 132.863 63t'l6'<,863.034l 51.482,424 9.484.529
Total receipts of flour and grain at the seaboard ports for
the week ended May 20, 1905, follow:
at—
Rectipts
New York.
Boston
Portland, Me
bush.
9^.0u0
88,201
8.000
ip.(iv-a
Richmond
Newport Newi..
Norfolk.
Mobile
Orleans*..
Montreal
1904..
Corn,
bush.
552 OjO
a3,!!33
220
1,142.337
763,675
31)0,910
8^9,309
Rye
1 to
New
Q-reat Britain
214
7,166
Orleans for forei)in
May
20 compare as
S,9<ia,089
1002.
f,075.707
bush. 7,368.051
bush. 64,428,S4«
bush. 15,390,332
bush. 3,049,524
l«i,44S
bush.
36,268,534
26,9P0,f87
16,433,940
1,670,433
498,341
a6,6?3,433
53,74 t.H97
21,453,650
59,614,594
f,40i.749
l,891,i!6>4
1,414,560
1,070,466
16,5«6,98:i
1,97V, 763
61,861.835
115.690.705
67.088.357
bush. 80,421,199
gram
The exports from the several seaboard ports for the week
endicg May 20, 1905, are shown in the annexed statement:
Total
Wheat,
Exports from— bush.
New York
Corn,
flour,
Oats,
bush.
bbls.
89.390
507,eri3
8,0
30 976
194,785
115.715
148,886
52,6 1
1.480
5,608
bush.
47,85i
Portland. Me.
Boston
47,642
Philadelphia
Baltimore
Norfolk
Newp'rt News
New Orleans..
Montreal..
.
343.310
Mobile
Total week..
84,791
3ab,652
18,720
438,348 1,450.638
1
Rye,
bush.
Barley,
bush.
12,280
Peas,
bush.
2.7 OS
8.673
'6,044
36.616
2.7Ha
57,664
20,737
4.030
12,093
3,866
130.030
10,1&2
4S.662
6,000
33,773
1.032
97,500
249.091
46.003
1.S.013
600
Si5
192 970
141.049
18.312
Same time '04. 391.447
92 476
The destination of these exports for the week and since
July 1, 1904, is as below:
-Ftowr.
Wheat.Corn.
Exports for
Week Since July
Week
Since July
Week Since July
,
>
week ana since Mav 20.
July 1 to—
hbis.
United Kingdom. 7i.H0l
6B.479
Continent
:kl.e02
8. & C. America..
West Indies
Br. N.Am. Colo's
Total
Total UOS-M
1.
1904.
Jtfai/20
1,
bvsh.
438,312
bbls.
2.7.-8301
l,u35.a«6
22.709
4,972
6,w37
Other countries.
Other Earopean..... ........
China
India
bush.
907.0:i8
53,414
438.342
11.636.699
3-1417
56,56:2.624
1904.
1,
bush.
83.837,687
489.5-2 4l,8'<6,984
49<I,2.'>1
13,7t3
1,153 809
S1.960
157,987
8.741
8^,488
9,484
1,089,885
8,340
674,580
949,872
103,271
298.642
197,500 5.348,061
192,970 18,721,270
Afai/ 20
1904.
bush.
10 3H1.090
1,
450.6.S8
77.697,08fl
92.476
54528,312
The visible supply of grain, comprising the stocks in
granary at the principal points of accamulatlon at lake and
seaboard ports. May 20, 1905, was as follows
2
472
23
264.
86
57,183
7,740
8,928
3,851
11,523
1,010
7,073
23,056
7,722
2,263
128,822
601
A.rabia........ ................
10
61i
46
KtTlOSk
West Indies.........
Uezico
1903.
8,270,089
bbls.
Oats
Barley
193.9H9
3J.611
584930
1905.
Corn
146.369
1904.
7,146,630
o)—
1,
Week. Since Jan,
1.
48 600
lJ9.48a
>-38,581
Total receipts at
follows for four years:
1904.
Week. Since Jan.
:.;;::
6.000
12,720
56,000
69,301
646,081
ports from Jan.
Wheat
1905.
Nbw YORK TO Mat 22.
Reoelpts do not Inolade grain patilnti through
port* on throueh blUi of lading.
Flour
3,200
8.31
H7.206
12,65 J
*
Receipts
DoMBSTio Cotton Goods.— The exports of cotton goods
from this port for the week ending May 22 were 2,283
packages, valued at |154,003, their destination being to the
"214 points specified In the tables below
bush.
67,685
30.976
25,035
72 484
16,536
10.819
Rye
Barley,
bush.
44 400
Oats,
bu,sh.
153,725
14S.lf.3
B.fil7
260.693
178.09J
Total week..
Week
Wheat,
bbls.
88,9157
1.4-0
26,97*
21,004
1.1'4
80,737
67,664
8,860
7.149
13,088
,.
Philadelphia. ..
Baltimore., ....
New
Flour,
greater tecdency to protect future requirements.
of businees received also indicates that in
many instances the stocks of jobbers and others are low,
and requests for early shipment are frequent. Under the
circumstances the position of sellers has been still further
strengthened, and with higher prices again recorded for the
raw material, advances have been registered on several lines
of goods. Sellers are unwilling to contract for any large
quantities of goods at the old level, and buyers are perfectly
willing to admit that the situation warrants the hardening
of values that has occurred. Jobbers report that advance
fall business is satisfactory, and a general improvemcLt in
conditions is expected when fall buying commences in earnCotton-crop conditions are being closely watched, and
est.
the bullish reports that are being sent out from various
quarters, while generally regarded as being biased, are
nevertheless creating anxiety. While little new export businees has developed, yet inquiries are being constantly received, and contracts as far ahead as March, 1906, have
already been reported. In the woolen goods division prices
continue to advance and business is of satisfactory volume.
fJietinctly
Bye.
BbU.lWlbs Bush.eo lbs Bwsh.ee lbs Bush.32 lbs Bush.48 IbsBu. .56
Chloago
2231
Oentral America............
91
Bonth America ...
Other Oonntries. ............
890
Total
The value
of these
311
440
51
11
25,333
3,406
10,456
3.674
7,989
4
312
871
33
245
238
5,745
23,274
6,806
2,939
88,305
2,045
New York exports since Jan.
f6,849,092 in 1905, against $4,836,037 in 1904.
Converters have taken fair quantities of
1
has been
heavy brown
goods during the week, and while the general demand is
good, actual business has been prevented in many cases by
the impossibility of granting the deliveries demanded. As
buyers in most cases require prompt shipment, they have had
to be eatiefied with other lines than those that they originally
intended to purchase. Light-weight goods have been in active request and prices are quotably higher.
Export purchapes have included small lots of 3-yard and 4-yard sheetings at slightly higher prices for China, and South America
has also shown a desire to increase her bids. Wide sheeting?,
sheets and pillow cases are all higher and the demand is
fairly good. Bleached goods generally have sold well and
requests for immediate shipment accompany most orders, indicating that stocks are getting low. Duck has been advanced and continues to meet with a fair demand for exDenlma, ticks, plaids and other coarse, colored cotton
port.
goods are daily becoming scarcer, and are firmly held. Cotton
linings are qniet but prices are tending upwards. Business
in staple prints has been satisfactory and printers operate as
though expecting higher prices in the near future. Fancy
prints have not been in such good demand. Both staple and
grades of ginghams are well conditioned. Print cloths
are firm and a good business has been passing in wide goods,
with orders booked up to the end of the year. Narrow goods
are comparatively slow.
fine
:
at—
New York
In
store
Do
Corn
bush.
367,000
bush.
7u0,000
229,000
4,000
136.U00
200,000
Oats,
bush.
445,000
Barley
Rys,
bush.
147,000
bush.
40,000
afloat
Boston
Philadelphia
Baltimore
New Orleans
Ga veston
Montreal
Toronto
Buffalo
Do
15:i,O0O
8,000
169,000
lc3,000
l-<!8,000
39,000
862,000
37,000
27o,000
18,000
1,092.000
23i,"d6j
165.0C0
I4,00U
1,047,000
481,000
74,000
i"2'Ko66
194,00(J
ii'.bdd
'"e'.'o'do
167,000
2'7'e,'o'd6
afloat
Toledo
Do
afloat
Detroit
Do
afloat
Do
afloat
Milwaukee
Do
afloat
Chicago
Port William
Port Arthur
Duluth
Do
163,000
62,od6
'iVddo
1,343,000
l,454,00d
1,816,000
'98.000
1,000
449,000
27,'d66
189,'006
'2','odd
88,dd6
4,000
2,668,000
iw'bod
13,000
897,000
824,000
2'4.'odo
ips.'o'do
5,000
30,000
"i'2',b'd6
^o'do
3,738,000
J,»U7.000
2,441,00u
afloat
Minneapolis
7,434,000
2,060,000
St. T.ouis
Do
Wheat,
1,010
afloat
Kansas City
1,000
47,0U0
56?,0'0
72^d.do6
i.b'eB.'u'diJ
90,000
bOOO
342.000
22.s,oro
4,8il,000
6.10:^000
5,164,000
4,3H(),000
10,23^,000
10,653,000
6,242,000
D.439,000
I.lfi2,n00
1,373,000
1,490,000
;«, 176,000
1,060,000
4,297.000
2,!)14,000
974,000
639.000
613.030
Peoria
Indianapolis
On Mississippi Riv
On Lakes
On canai and river
l,o:io
12tf,000
'99.000
745.000
17.000
.
4»,o(
Total Miiy 20, 1906 22,4if9,Oro
Total May 13, 1W05.<;4.170.000
Total May 21. liJ04.ii4, 111,(100
Total May 23. 1^'03.37,^0^000
Total May X4, 190,5.30,8^9,000
68,000
H86,0^iii
l,Obb 000
928,000
THE DRY GOODS TRADE.
New York, Friday, P. M., May 26, 1905,
Buying in the cotton goods market has been of decidedly
larger volume during the past week, and while there Is still
little
element of speculation in the operations, yet there
is
a
Woolen Goods,— Continued advances have marked the
course of the woolen goods market during the past week,
and further withdrawals of lines of men's wear heavy-weight
fabrics have been reported. The advances reflect the wellsold-up condition of the various lines and tbe higher level of
the raw material. As repeatedly stated, worsteds have proved
the most popular sellers, and manufacturers of these can find
little fault with the season.
Certain lines of low-grade
woolens, however, have not been so fortunate, although there
is still time for them to regain some of the ground that they
have lost. Most of the advances and withdrawals have taken
place on medium and high-grade lines, but on the whole the
low-grade lines have been successful as well. Duplicate
orders are being received with gratifying regularity and the
fabrics which proved the best seller early in the season continue to receive the most attention. A few lines of lightweight fabrics have appeared on the market at prices said to
be on about the same level as those of last season, but these
are low- grade goods of doubtful construction and cannot be
taken as indicative of what the whole market will be when
lines are generally opened.
Daplicate orders for fall dress
goods are being received in fair volume, and in some Instances mills are sold up for the entire season and are turning their attention to spring bneiaess for next year. There
is CO doubt that plain goods will predominate for fall wear
and orders for these have been very heavy.
FoBEiON Dry
Goods,— Imported woolen and worsted
dress goods are quiet and without particular feature. Silks
are also quiet and the current demand is restricted. Rtbbons
have mec with a fair inquiry. Housekeeping linens arf slow,
but orders continue to be received for dress linens. Bnrlapa
are strong, with a slight improvement in the domestic de-
mand.
:
:
THE CHRONICLE
2232
[Vol. lxxx.
Alpha lodependent School District No. 4, Jackson Co.,
Mtnn. —Bond O^eringr.— Proposals will be received until 8
p. M., June 1, by John Waswo, Clerk, for $5,800 10-20-year
(optional) school bonds. Denomination to suit purchaser.
Index.
Interest, not exceeding 5%, annually at the State Bank of
Alpha. Certified check for $100 required, and the purchaser
index to all the news matter appearing in this Departfor the period from Jan. 7, 1905, to April 15, 1905, Inclusive, was published in the Chronicle of April 23, 1905,
pages 1500, 1501, 1502 and 1508.
must furnish blank bonds.
Asotin, Wa^h.— Bond Sale.-Oa May 1 the $4,000 10-80year (optional) bridge and road bonds described In V. 80, p.
1747, were awarded to S. A. Kean, Chicago, at 100 10 for 5
An
ment
per cents.
Athena, Ore.- Bond 0#eringf.— Proposals will be recived
until 6 p. M., June 5, by O. G. Chamberlain, City Recorder,
for $16,000 5% 10-20-year (optional)'water bonds. Interest, January and July. Certified check for 5% of amount of bid, payable to the city of Athena, required.
An barn, Re.— Bond Hale.-Oa May 18 an issue of $20,000
water-extension bonds was awarded to the First National
Bank of Auburn at 105 26. Denomination, $1,000, Date,
June 1, 1905, Interest Jan. 1 and July 1. Maturity, Jan, 1,
UR 8TA TE AND GITY SECTION.
We
send to our Eubscribers to-day the usual semiannual number of our State and City Section.
The statistics and information In this publication have
been completely revised and brought down to date.
The editorial discussions embrace an article entitled 1925.
Avon, S. Dak.— Bond SaZe.— This place has sold at par to
''Sinking Pand and Serial Method of Bond PayL. Bruce of Yankton an issue of $12,000 5% water-works
W,
mentSj" and another entitled ''Municipal Bond Sales bonds.
Ballston Spa, N. Y.—Bond Sale.—Oa May 25 the $60,000
during 1904."
News
25-34 year (serial) coupon sewersffe bonds described in V. 80,
Co., New York, at
p. 1985, were awarded to N. W, Harris
par for 3*70 per cents.
bay City, Mich.— Bond Cj^eHnflr.— Proposals will be received until 3 p. M,, May 29, by C. J. Barnett, City CompDenominatroller, for $75,000 4% local-improvement bonds.
tion, $1,000.
Date, June 1, 1905. Interest semi-annually in
New York City. Maturity on June 1 as follows : $25,000 in
Certified check for
1908, $25,000 in 1910 and $25,000 in 1913.
$500, payable to the order of the Comptroller of Bay City,
required.
Purchaser must pay accrued interest and furnish
lithograph bonds, Authority, special Act of Legislature.
Proofs of legaliiy will be furnished the successful bidder.
Beifidere, 111.— Bond Saie.— It is stated in local papers
that the City Council has awarded to MacDonald, McCoy
Co. of Chicago an issue of $35,000 6^ bonds at 103 -97. Securities are issued for the purpose of taking up the floating debt,
and will mature $1,0C0 yearly for ten years and $1,500 yearly
for the following ten years. Denomination, $500.
Binffton,Ind.— Bond Sa/e.- On Mav 20 $8,500 Qi special
Co.,
assessment bonds were awarded to E. M. Campbell
Indianapolis, for $3,596 50. Following are the bids :
B.M. Campbell & Co.. Ind'lis.. $3,696 50 E. D. Bash &Co.,Ind'apolls....$3,576 00
&
Items.
Manila, Fhllfppine Islands.— Sond Sale.—Oa
May
25 the
$1,000,000 4i 10-30-year (optional) gold registered sewer and
First Nawater bonds of this city were awarded to the
tional Bank of Columbua at 109'5635— a basis of about 2 8925?
if bonds are called at their optional date and 3 '484^ if allowed
Following are the bids :
to run their full time.
Newlst Nat. Bk., Columbus.... 100'5«25 Ftrst Nat.Bk.,Los Ang,(g50.O00)106-00
First Trust & Sav. Bk. and Mer.
J. S. Ell, Ravenna («1.00^) ....111-osfl
New
I
|
Citizec8Nat.Bk.,Rloley(J5,000)11000
RlpKSNat Bunk, WasbiTig'n.,*.(J7-.31
Fisk 4 Robinson. New York. *107-13
.
Kountze
• All
Bros..
New York
1C6*62
or none.
chants' L.
I
|
I
|
&
Tr. Co.. Chicago. 106-32
104-.S3
H. Venner & Oo
Moffatt & Wntte, New York
lOa-887
J, Hendricks, No. Wales(*S,000)101-00
C.
.
.
.
&
—
MassaclinEetts.— Flefoes. The Governor in the following
message recently vetoed a bill permitting the city of New
Bedford to issue bonds outside of the debt limit
To the Honorable Senate and House
of Representatives: I return herewith,
with my objections in writuiK, an Act entitled 'An Act to authorize the city of
New Bedford to incur certain indebtedness beyond the liimit fixed by law, and
&
to issue bonds, notes and scrip therefor."
This is a Hpecial Act and Is contrary to the general law of the Commonwealth, which wisely limits the indebtedness of cities. This eenerj-l law has
long' been upon our statute books and was designed to prevent cities from
accamulaling indebtedness burdensome to the taxpayers. Exceptions from
the provisions of this general law should be permitted only when some urgent
public necessity demands It.
The bill returned herewith asks permission to Incur indebtedness to the extent of I325.CI0U beyond the limit fixed by law. In my opinion, if the debt limit
of cities and towns Is to be extended, it should be by general law, rather than
by special legislation. This bill is objectionable because It is speciHl legislation and Is in direct opposition to the long established general law of the Commonwealth. Therefore I return the bill without my signature.
i
J. F.
WUd & Co.. Indlan'lis.
. . .
3,575 09
I
Boulder, Colo.— Bond Sale,-Oa May 17 the $75,000 i^i
20-year water bonds described in V. 80, p. 1870, were awarded to N. W. Harris
Co. of Chicago for $2,506 premium and
accrued interfst. Following are the bids received :
$75,765 00
N. W. Harris & Co.. ChlcaBO.$77.506 00 WeU, Roth & Co., Clncln
&
I
& Sons.Denver. 77,100 00 Denlson, Prior A Co.. Cleve76,59350
AlbertC. Case, New York.... 76.22100
land and Boston
75,376 01)
Lewis
& Co., Chicago 75,863 60 C. H. Coffin, Cmcago
The Legislature again took up the bill on May 24, but Mason,
failed to pass it over the Governor's veto.
Bonds are in denomination of $1,000 each.
On May 19 the Governor also vetoed the bill permitting the
Boulder (Colo,) School District No. 3-Btds Rejectedtown of Natick to issue bonds for a new hall on much the Bond Offering,— We are advieed that all bids received on
same grounds as in the case of New Bedford. Subsequently, May 20 for the $30,000 5-15-year (optional) school bonds dehowever, both the Senate and the House passed the measure scribed in V. 80, p. 1985, were rejected. Proposals are now
over the Governor's veto.
asked for these bonds until 4 p. m. June 8. Farther details
Nalick, Mass.— ^ond Bill, The Legislatnre has passed of this new otf ering will be given next week.
over the Governor's veto a bi 1 to issue town-hall bonds, See
Bowltngr Wreeo, Ky.— Bond Oj^eringr.— Proposals will be
item under Massachusetts above.
received until 12 m., June 15. by Geo. T. Wilson. Mayor, and
New Bedford, Mass. —Bond Bill Vetoed,— The Governor has the Board of Sinking Fund Commissioners, for $19,500 ii 30vetoed a bill providing for the issuance of $325,000 bonds. year renewal bonds. Denomination, $500. Date, July 1,
See remarks above under head of Masoachusetts.
19115.
Interest, semi-annual.
United States of Mexico.— Bonds Liated.— On May 24 the
BarllngtOD, N. C.—Bond Q^ertngr. —Proposals will be reNew York Stock Exchange listed the $40,000,000
gold ceived until 12 M June 15. by the Mayor and Board of Alcoupon bonds of 1904 taken over last fall by a syndicate of dermen, for $10,000 5% 30-year coupon electric- light-plantbankers headed by Speyer & Co. of New York City and sub- extension bonds.
Interest semiannually at Burlington.
eequently disposed of by them. See V. 79, p. 1723, for de- Authority, Chapter 204, Private Laws of North Carolina, and
scription of securities.
election held May 2, 1905
The suocessful bidder will be
required within fifteen days after receiving notice of acceptance of his bid to deposit with the Secretary of the Board a
Proposals and Negotiations this certified ch«-ck for $500, and he will also be required to have
bonds lithographed at his expense. O, F. Crowson is Secreweek have been as follows
tary and Treasurer of the Board ot Aldermen.
Albany, Ga.— Bond Oj^ering'.— Propoeala will be received
Carlton, Minn.— Bond O^eringf.— Proposals will be reuntil 12m., June 12, by A. J. Lippitt, Mayor, for $10,000 5% ceived until 7:30 P. M., June 12, by John F. Hynes, Deputy
l-lO-year (serial) gold bonds. Denomination, ^1,000. Inter- Village Recorder, for $5,000 5% village-hall and jail bonds.
est, Bemi-Hnnuil. Bonds were authorized at a recent election
Denomination, $500. Interest, semi-annual. Maturity, $500
held in this olty and have been duly validated.
yearly on July 1 from 1906 to 1915, inclusive. Certified check
Albany (Mo.) School District.— Bond O^eririgf.— Proposals for $100 required.
win be received until 2 p. m.. May 27, by W. P. Stapleton,
Centraila (lil.) School District-Bond Sale.-On May 15
Secretary, for $3,000
funding bonds. Denomination, |500. $18,000
school-building and site bonds were awarded to
Date, May t, 1905. Interest annually on May 1 in Albany. Trowbridge & Nlver Co., Chicago. Denomination, $1,000.
Maturity, 1914, sub jwt to call $1,0J0 in 1912 and $1,000 In Interest, annual. Maturity, twenty years from date of issue,
1913.
Certified check for ^75, payable to the Albany School optional after five years.
District, required.
Bonded debt, including this issue, $9,000.
Chariton Drainage District No. 1 (P. 0. New Cambria),
Assessed valuation, $850,000.
Macon County, Mo.— Bond Sale.—Oa May 22 this district
Alexandria, La.—Bond Sale,—The $28,000 5;^ street-im- sold $85,000 6% bonds to W. R. Compton at par. Denominaprovement bonds mentioned in the Chronicle Jan. 28 have tion, $500. Date, June 1, 1905. Interest, annual. Maturity,
been sold to a Chicago firm for, it is stated, $23,050.
part yearly on June 1 from 1907 to 1934, inclusive.
Alliance, Ohio.— Bond Sale.— The following bids were reCharleston (W. Va.) School District,- Bond Offering.—
ceived on May 22 for the $15,000
fire -department and the
Proposals will be received until 12 m June 10, by the
$74,500 4jS refunding bonds described In V. 80, p. 1747
Kanawha Banking & Trust Co., Charleston, for $5,000 i}>i%
115,000 Bonds.
»74,500 Sdt.
..
^^
^
coupon building bonds. Securities are the unsold portion of
. . „ .
^
Central Trubt & Safe Deposit Co
$15,027 00
!.
..
Seasotieood * Mayor, Clnclnnatt
Denomination, $1,000. Date,
16,017 50
*|74,B06 00 an iBsne of $55,000 bonds.
" " 1 odd 4 Co., Cincinnati
15,000 00
74,600 00
May 1, 1902. Interest annually at the of^ce of the Sheriff in
William
L.
B.
Douglas.
H. Rollins
I
1
—
H
,
Bond
H
H
H
,
:
,
•
*
Less $600.
'
Charleston.
Maturity, 30 years, subject to call after 5 years.
—
May
:
:
THE CHRONICLE.
27, 1905.1
Bonded
debt, inclnding this issne, $186,200. Deposit of $500
required with bide.
Voboes, a. Y.- Bond Sale.— On May 20 the $50,450 77 4ig
registered public- improvement bonds described in V. 80, p.
1931, were awarded to W. J. Hayes
Sons, Cleveland, at
102 686 and accrued interest.
Colebrook (Ohio) School District.— Bond Sale.— Oa May
23 the $4 000 5^ 1-20-year (serial) bonds described in V. 80, p.
1986, were awarded to the National Bank of Kinsman ac 107.
Following are the bids :
National Bink of Kinsman... W,E8D 00 New 1st Nat. B'k, Columbus... $4, 135 00
&
I
4,181 00 Warren L. Dodge, Dodgeville. 4,010 00
& Mayer. Uin
Condon, Ore.— Bond Sale.— Oa May 15 the $30,000 6« 20year gold coupon bonds described in V. 89, p. 1871, were
awarded to J. P. Rogers, Salem, at 107'283. Following are
BeasonKOOd
the bids
:
Rogers, Salem....
132,185 06
Morris Bros. & Christensen,
Portland
81,800 00
J. p.
Adams-Phillips Co., Los An|30,500 00
80,000 OC
eeies
8.
A. Kean, Ghloaso
Crookston (Minn.) School District.— Bond £ale.—"We are
advised that the $12,U00 4% 15-year refunding bonds voted at
the election held March 23, 1905, have been sold to the State
of Minnesota.
Dauphin, Manitoba.— Be&enfMre O^erinflr.— Proposals will
be received until June 20 by Wm. Rintoui, Town SecretaryTreasurer, for 125,000 5^ electric-liKht and $10,000
town
and fire-hall-ccmpletion bonds. Denomination, $1,000. Interest annually on Aug. 1. Maturity, Aug. 1, 1925,
Dodge, lii eh. —Further Details of Bond Offering,— Aa stated
last week, proposals will be received until June 17 by Frank
R. Beebe, Village Clerk, for $2,000 5i 10-20-year (optional)
lighting and $8,000 5% 6-20-year (optional) water works bonds.
Bonds will be registered June 15. Denominatiorr, $'500.
Date, June 15, 1905, Interest annually at Dodge. Authority, Section 15, Chapter 31, Revised Statutes of Nebraska for
Bonded debt, incladiag these issues, $10,500. As1908.
sessed valuation 1904, $101,037.
Dann, N. C.-Bowdu/enV.gr.— Proposals will be received
until 8 p. M., June 20, by R. G. Taylor, Town Tfeastlrer, for
$10,000 funding and electric-light plant bonds. Denomination, $300, 5J. purchaser's option.
Date, July 1, 1905. Interest, Q% or less, in accordance with bids submitted, semi-annu
ally at the National Bank of Commerce in New York City.
Maturity. July 1, 1935. Certified check for 5^5 of amount of
bid, payable to R. G. Taylor, Treasurer, required, Authority, Act of the Legislature of 1905 and election held May 2,
1905. The official circular states that the town has never
defaulted in payment of principal or interest and that there
la no litigation pending or threatened affecting this issue.
Bids are desired under two heads : (1) Largest premium if
bonds are issued at maximum interest rate of 6 per cent.
H
(2) Lowest rate of interest less than maximum at which
bonds will be taken at par.
East Or&vse, N. J.— Bond Sale.— Oa May 23 the $20,835
Series "E" and $11,000 of the $16,600 Series 'F" i% 40-year
school bonds described in V. 80, p. 1932, were awarded to
R. M. Grant & Co. of New York at 105 85 and accrued interFollowing are the bids
est,
'
31,»4987
21,914 00
21,b«7 58
21,8B»b3
W. Halsey &Co., NewTork...
Essex County Trust Co
H. L. Crawford & Co.. New York
N.
Savings Bank
Spltzer & Co., Toledo
J no. D. Kveritt & Co.,
Farson, Leach
&
Co.,
$16,500 Bds.
$17,466 26
17,462 66
17,374 83
17,354 00
$20,896 iJonds.
$^2,063 85
22.037 84
Otallt & do.. New York..........
Blodeet, Merrltt & Co., Boston
W. E. Jackson & Co
It; In.
German
17,34150
17,314 77
17,17980
17,1S6 80
21,65)340
21,639 23
21,616 si
21,470 47
New York
New York
17,039 56
17.003 26
entire amount of Series "F" will not be put out, the
board ezeroieing the right reserved in the advertisement to
reduce tbe issue from $16,500 to $11,000.
East Sjracnse, N. Y.—Bond Sale.- Oa May 35 $25,000
sewer bonds were awarded to N. W. Harris
Co., New
York, at 100-212 for 3'85 per cents. Following are the bide
The
&
For 8'85sf Bonds.
$26,053 00
N. W. Harris & Co., N. Y
R. Kleybolte & Co.,New York 26,000 00
W.
For i% Bonds.
J.
Hayes & Sons,
O'Connor
& Kahler.
Cleve... $26,767 00
25,327 50
Y
N.
Date, June 1, 1905. Interest payDeposit Co. of Onondaga, Syracuse.
Maturity, one bond yearly beginning five years after date of
Denomination,
$1,000.
able at the Trust
&
issue.
East Waterloo Independent School District (P. 0.
Waterloo), Blacbhawk Coniity, Iowa.— Bond Offering.—
Proposals will be received until June 1 for $25,000 4% 5- 15year (optional) school- building bonds. Authority, election
held March 13, 1905, when 871 votes were cast in favor of
and 46 against tbe bonds. Denomination, $1,000. Date,
Junel, 1905. Bonded debt, including this issue, $92,000.
Assessed valuation 1904, $3,029,114Elgin Township, 111. Bonds Voted and SoZd.— At the
election held May 10 (mentioned in V. 80, p 1871,) the issuance of the $45,000 4% high-school building bonds awarded
on January 21 to N. W, Harris & Co. was authorized by a
vote of 740 in favor of to 269 against. Harris & Co. will
take the bonds. These securities are fully described In V. 80,
,
p. 178.
ElktOD, Brookings County,
S.
Dak.— Bonds Voted— Bond
Offering,— Oa May 17 the people of tnis town, by a vote of
118 to 8, authorized the issuance of the following bonds
:
$9,000 5% water works bonds. Interest, annual. Maturity. $4,000 fifteen years
after and t5,00o twenty years after dato of issuance.
6,000 5% liprht-plant bonds. Interest, annual. Maturity, J3,000 five years after
and $3,000 ten years after date of issuance.
Proposals for these securities will be received at any time
E. E. Powderly, President of Town Council.
Elienyllle, N. Y.—Bond Sale.-Oa May 23 the $6,000 6-17year (aerial) dyke bonds described in V. 80, p. 1986, were
by
awarded
cents.
2233
to the Ellenville Savings Bank at par for 879 per
bid of par for 3*80 per cents was received from
A
Isaac N. Cox.
Eareka School District, Hnmboldt Connty, Cal.—
Bond O^ermgr.— Proposals will be received until 2 P. M,„
June 14, by the Board of Supervisors, W. H, Haw, Clerk, for
4^i gold bonds. Denomination, $1,000. Interest,
Jan. 1 and July 1, Maturity, $3,000 yearly. Certified check
(or cash) for 5^ of bid, payable to the Chairman Board of
Supervisors, rpquired. Bonds were authorized at election
held May 6, 1905.
$66,000
Fairmont
1
_
'
(
W. Ya
)
Independent School District.— Bond
be received until 12 M., June 20, by
OJ'erinflf,— Proposals will
W.
Boy dston, Secretary, for $100,000 5% bonds. Securiare part of an issue of $150,000 bonds authorized by a
vote of 938 to 27 at election held April 22, 1905. Denomination, $500. Date, June 1, 1905.
Interest, annually.
Maturity, 20 years, subject to call at any time after 3 years.
Securities are issued to refund $11,500 outstanding bonds
and to purchase sites and erect thereon new school buildings. Certified check for 2% of the amount of bid payable to
T. W. Boydston, Secretary, required. Assessed valuation of
T.
ties
district, 13.139,313.
Feasby Free Tnrnplke Road No. 47, Van Wert County^
Ohio.—Bo»»d 8ale.—0a May 17 the $11,000 4}4i road bonds
described in V. 60, p. 1933, were awarded to the People's
Savings Bank of Van Wert at par and accrued Interest.
Fort Valley, eia.- Bond Sale.— On May 15 the $12,000 5%
80-year gold coupon electric light bonds described in V. 80,
p. 1873, were awarded to H. A. North of Newnan at 108'20.
Bids Refected,—The Board of Aldermen
Goldsboro, N.
rejected all bids received May 15 for the $18,000 4%% 80-year
bonds described In V. 80, p. 1748, recommending at the same
time that the bends be taken by the Sinking Fund CommiS'
sioE at par,
C—
Grafton (W. Va.) Independent School District.- Bond
Sala.-^On May 16 $^5,000 4}4i building and improvement
bonds were awarded to W. R. Todd & Co., Cincinnati, at
101-80.
Denomination, $500. Date, June 1, 1905. Interest
annually on July 1. Maturity, thirty-four years from date
"Purchaser may be reof issue optional after ten years.
quired to deposit with the Secretary of the Board 2% of the
amount awarded to him within forty-eight hours after
award." Authority for issue, Chapter 75, Laws of 1903.
Granite, Morrison Connty, Minn.— Bond O^eringr.- Proposals will be received until 10 a. m., June 6, by 0:to HcfEman, Town Clerk, P. O. Lastiup, for $1,000 Qi coupon funding bonds. Securities are dated June 1, 1905, and will
mature In 1915, subject to call $200 yearly after 1911.
Hadley (Mass.) Water District.- Bond Sale.— We are advised that the $40,000 S}4% water bonds mentioned in V. 80,
p. 1932, have been sold to Jose, Parker & Co. of Boston at
;
100'83.
Harrison Connty (P. 0. Cadli), Ohio.— Bond Offering.^
Proposals will be received until 12 m June 7, by Joha S.
Lacey, Connty Auditor, for $30,000 4% county infirmary
bonds. Denomination, $1,500. Date, July 1, 1905. Interest,
semi-annual. Maturity, one bond of $1,500 each six months
from Sept. 1, 19()6, to March 1, 1916, inclusive. Authority,
Act of Legislature passed March 3, 1901, and Section 871,
Revised Statutes of Ohio. Certified check for $100 required.
,
Hartford Township School District, Trnmbnll Connty,
Ohio.— Bond Oj^erinflf.— Proposals will be received until 12 m.
to-day (May 27) by aeo. B. Perrine, Clerk of School Board,
for $4,000 5% registered school-building- repair bonds. Denomination, $500. Date, "soon after sale." Interest annually on Sept. 1 at the First National Bank, Sharpsville, Pa.
The district has no bonded debt at present. Assessed valuation, $488,511.
Henry Connty (P. 0. Napoleon), Ohio.—Bond Offering.—
Proposals will be reoe-ved until 1 P. M., June 20, by the
Commlosionrs of Henry County, at the oflScje of the County
Auditor, for the following road-improvement bonds, aggregating $50,500
$17,000 i}4% Bartlow Township bonds, maturing $500 on Jan. 1, 1906; $500 on
July 1, 1906, and $1,00U eacb six monttis thereafter up to and includiDK July 1, 1914.
16,000 ii6% Richfield Township bonds, maturing $600 on Jan. 1, 1906; $500 on
July 1, 1900, and $i,0u0 each six months thereafter up to and includ-
ing Jan.
1,
1914.
Township bonds, maturing $500 Jan. 1, 1906 $500 July 1,
1906 tbOu Jan. 1, 1U07, and $1,000 each six months thereafter up to
and including Jan. 1. 1914.
2,000 i}^% Marion Township bonds, maturing $500 each six months from
15,500 i]4% Pleasant
;
;
Jan,
1,
lb06, to July
1,
1907, inclusive.
All the above bonds are in denomination of $500, dated
July 1, 1905. Interest, semi-annual. Check or draft for
$1,000, certified by the First National Bank or the Citizens*
State Bank of Nanoleon, required.
Howard Conaty (P. O.Kokomo), Ind.—Bond O^eringr.Proposals will be received until 2 p. m., June 8, by William
L. Benson, County Auditor, for $9,800 Qf 2 6-year (serial)
Webster W. Hopkins free-gravel road bonds. Denomination,
Date, June 1, 1905. Interest, semi-annual. Certi$1,960.
fied check for $284, payable to the Board of Commissioners,
required.
Unghestown Borongh School District (P. 0. Plttston),
Pa.—Bond Q^ertng.- Proposals will be received until 7 P. M.,
June 1, by the Secretary of the School Board, for $2,000 5i
coupon school loonds. Denomination, $200, Date, June 1,
Interest semi-annually at the Miners' Savings Bank,
1905.
Plttston. Maturity, June 1, 1915. The district has no debt
Assessed valuation, $121,200.
at present.
Ionia Township, Mich.— Bond Oj^erinsr.- Proposals will
be received until 10 a. M.,June 1, by Archie Anderson,
:
THE
2234
[YOL. LXXX.
CHROiNTICLE.
highway and bridge bonds. DaDdte. 18,000 Jane 1, 1905, and |6,000
Ang. 1, 1905. Interest, not exoeediEg 5%, first series Jane 1,
and second series Angnst 1 at the State Savings Bank, Ionia.
Maturity, bonds dated June 1, $2,000 yearly on that date
from 1906 to 1908, inclusive; bonds dated August 1, $2,000
yearly on that date from 1909 to 1911, inclnsivv^ The township has no bonded debt at present. Assessed valuation,
LoQlSTille, Ky.— Bond Offering.— It is stated in local papers
that proposals will be asked until June 6 for $250,000 8 per
cent sewer bonds.
LoTeland School District No. 2, Larimer Coanty, Colo.—
BondSaie.— On Miy 23 the $27,00i) A%i 5-15year (optional)
school bonds described in V. 80, p. 193'J, were awarded to the
Woodmen of tbe World for $27,100. Following are the bids
Woodmen ot the World
$27,100 03 MacDonald. McCoy &Co.,Chi.$27,031 00
|1 .024,(00.
First Nat.
Township Clerk,
for $IS,00D
nomination, 12.000.
Idaho.— Bond Sale.~Oa May 20 the
$430,500 (eleven Issuee)
5-20-year (optional)
4^ 10-20 year (optional) and the $30.0C0
bonds described in V. 80, p. 1872, were awarded to MacD jnald,
McCoy Co., Chicago. Following are the bids
MacDonald, Mc-)*480.600.. $445,271 00 Denison. Prior & Co., Cleve
H0,428 00
Coy & Co.. Chi. } 80.000.
and Boston
$473,254 00
E. H. Rollins & Sons. Ciiic. 474.(84 75 Merchants" Loan & Tr. Co.. 487,606 00
F. R. Fulton &5»43O,5O0.. 443,880 00 N. W. Harris & Co., Chic... 491,146 00
H
&
:
.
Co.,
A
Chicago
3C,003..
»0,U7 00 Bankers' Reserve Life
Co.,
New York... 468,558 75 fi&,000 to f 30,000
Par
Isanti (Mian.) School District.— Bond -ttatZe.— This district
has awarded |5,000 i% school bonds to the State of Minnesota at par. Denomination, $500. Interest annually on July
Maturity, $500 yearly, beginning five years from date of
1.
Kountze
Bros.,
issue.
Jackson, Miss.- Bond Sale,— We are advised that this city
has sold $30,000 5% bridge bonds to the Trowbridge & Niver
Co. of Chicago,
Jolini^ou County, Tex.— Bond Sale.— The $5,500 i% 5-20-year
(optional) bridge-repair
bonds registered by the State
Comptroller on April 8 have been sold to the Permanent
School Fund of Johnson County at par. Denomination,
1500. Date, Feb. 13, 1905. Interest annually on April 10.
Kenton, Ohio,— Bona ^aie.— The Union Savings Bank &
Trust Co. was the successful bidder on May 23 for the four
issues of 43^5f improvement bonds described in V. 80, p. 1987.
Following are the bids
:
$12,700
Bonds.
Union
8avini»8
Bank & Trust Co....|l\0r4
F.L. Fuller & Co., Clevelund
Denison. Prior & Co., Cleve. and Bos.
SeasonKOod tfc Mayer, Cincinnati...
Lamprecht Bros. Co., Cleveland ...
Provident Sa». Bk. & Tr. Co., Cm...
W. J. Hayes & Sons, Cleveland
Weil. Roth & Co.. Cincinnati
W.R. Todd & Co, Cincinnati
Kenton Nat. Bank, Kenton
81
'
-
13,022 00
13,0!20
OJ
18.018 00
13,"07 S4
12.98-*00
12,966 00
12,96u0J
12,700 00
$5,503
$4,2C0
Honds.
Bonds.
$16,000
nds.
15,05H 00
$4,316 76
iiiii,980 165.688 00
4,305 75
B,64i) 00
4,307 00
5,637 50
4,305 00
5.633 10
4,S01 64
5.625 00
4,296 00
5.615 00
4,2^8 00
5,«i5 OJ
4,29 J 00
t,600 00
4,200 00
B
$15.70H60
15.634 60
15,610 75
15,i54i 15
15,571 60
15,600
16,523
15,458
15,615
15,000
00
DO
50
00
00
Wash.) School District No. 23 -Bond i^ale.
bonds of this district, which is
located in Woodinville, were sold to the State of Washington
King County
— On
May
(
18 $1,200 4J^%
at par.
La Harpe, Kan.— Bond Sale,—Oa May
1 this city
sold $12,-
000 6% 20-year water- works-ex tension bonds to John Nuveen
Co., Chicago, for $12,378 60. Denomination, $1,000. D^te,
&
March
Interest,
15, 1905.
semiannual.
Lafee County (P. 0. Crown Point), Ind.— BoMd Offering.—
County Treasurer L, E. Bailey will offer at auction to-day
between the hours of 2 and 3 o'clock $1,520 Q% coupon drainage bonds. DenominatiDU, $380. Date, May 1, 19J5. Interest, January 1 and July 1 at the office of the County Treasurer.
Maturity, $380 yearly on January 1 from 1908 to 1911,
inclusive. Payment of interest commences Jan. 1, 1905.
LaDkershlm School District, Los Angeles Coanty, Cal.—
Bond Election. An election will be held May 31 to vote on
the question of issuing $6,000 5j5 5-10-year (serial) bonds of
$1,000 each.
Leonardsville (N. Y.) School District.— Bond Offering.—
Proposals will be received until 1 P. M , June 1, by A. M.
Coon, Clerk, for $5,500
registered school-building bonds,
Ddnomination. $100. Date, May 22, 1905. Interest annually
in Cjtober at Lbonardsville. Maturity yearly on Ojt. 1 from
1906 to 1916, inclusive. Certlfiad cheek for 10^ of amount of
bid, payable to Irving A. Crandall, Treasurer, required. The
district has no bonded debt at present.
Assessed valuation,
$181,751 50.
Lewiston, Idaho.— Bond Q^ertngf.— Proposals will be received until 8 P. M June 16, by Chas. G. Kte^s, Mayor, and
the Common Council, tor $62,500 gold coupon funding bonds at
not exceeding 55 interest. Denomination, §1,000. Date probably July 1, 1905. Interest, January 1 and July 1 at the
office of the City Treasurer or at such bank in the city of
New York as may be hereafter designated. Maturity, 20
years trom date of issue, optional after 10 years. Certified
check for b% of bonds bid for, payable to the city of Lewiston, required.
Purchaser to pay accrued interest.
Lexiijglon (Tenn.) School District.- Bond Sale.-We are
advised that thin district recently voted to issue $8,0C0 school
bonds and that these securities have already been placed.
Long Beach, Cal.— Bonda Awarded.— The $30,000 5^5 fireapparatus bonds, bids for which were opened on April 24,
were awarded on May 1 to the Adams-Paillips Co
Los
Angeles, the highest bidders. See Chronicle, V. 80, p. 1933,
for list of b ds.
Loruiu (Ohio) School District.— Bond Sale.— The following bids were received on May 22 for the $12,000
and the
$35,000 4:t school bonds described in Y. 80, p. 1749:
$12,0 JO TioruU.
$35,000 Bis.
m T r.
,,
. «
„
fnllerA
Co., Cleveland
—
H
,
,
H
-—For
f/
I'Hoenler
ftCuinminKS, Toledo
Hayden, Miller* Co.. Cleveland
W. J .Hayes A
,_
For both
Sons. Cleveland
?'""."£';*.''"•• ^'"'^"'"°«'
Kndolph Klevboite & Co., Cincinnati..
HeasonKood AMiiyer. Clnclfniatl
l'i"„H-
ISew KlTHl Nulioiial lUiik, Colaiubus
\yell, ili.ih iL Co.. Clnclimail
11. I odd &. Co.. Cincinnati
Unlie.i SiiTlnsfH & 'IVust CO.
UonlBon, I'lior & Co., Cleveland
W.
•
We are Informed
both. $17,237 50
»12.«''0 00
».<4,633
•
00
47,217 00
'
12,ti7rt Oo
12,SH75J
12,57J(0
'ivi 641 00
•12,5l0t)0
IK 001)09
'IZ 600 00
and Boston
that these bldi were irreRular.
1
Bank, Loveland... 27,051 00 E. H. Rollins
|
Securities are dated July
1,
17-8 basis of abont 3'80sf.
Maiden, Mass.— Bond Sals,— An issue of $15,000 ^%%
hospital bonds has been sold to Jose, Parker & Co., Boston,
cinnati, at 103
at 100 183,
Manistiqae, Schoolcraft CDunty, Mich.— Bond Offering.—
Proposals will be received uutil 8 p. m., June 12, by Jno. I.
Jennings, City Clerk, for $125,03^1 5j{ water-works and sewer
bonds. Denomination, $1,000. Dite, day of issue. Interest
semi-annually at the office of the City Treasurer. Maturity,
$5,0C0 yearly on March 1 from 1908 to 1938, Inclusive. Authority, Act of Legislature approved March 20, 1905, and
election held April 3, 1905, at which time 849 votes were cast
in favor of and 161 againt the bonds.
Certified check for \%
of amount of bid required.
Marlon Coanty (F. 0. Indianapolis), Ind.— Bond Sale,—
On May 26 the $200,000 8^^ 20-year coupon refunding bonda
described in V. 80, p. 1497, were awarded to E. D. Bush &
Co., Indianapolis, for $203,100 50— a basis of about 3-392^.
Marion (Ohio) Schuol District.— Bond O^erin^.— Proposals will be received until 12 M,, June 1, by W. B, Spaulding,
Clerk Board of Education, for the $30,000 il4% coupon schoolbuilding, furnishiDg and site bonds mentioned in V. 80, p.
1983.
Danomination, $1,C03. Date, June 10, 1905. Interest
semi-annually at the office of the Treasurer of the district.
Maturity, $1,000 each six months from June 10, 1910, to
Dec. 10, 1916. and $2,000 each six months from June 10, 1917,
to Dcc. 10, 1920. Authority, Sections 3991, 3992 and 8993,
Revised Statutes of Ohio. "A deposit of 2% of the amount
bid for must accompany each bid in cash or certificate of deposit, payable to order of the Board of Education, in some
bank in Marion."
Massilion, Ohio.—Bond OJ'erinfli.— Proposals will be received until 12 M May 31, by J. U. Douglas, City Auditor,
for $55,000 i}4% 1-5-year (serial) coupon street-paving bonds.
Denomination, $1,0C0, Date, May 1, 1905. Interest, May 1
at the office of the City Treasurer. Certified check for 5% of
amount of bid, payable to the City Treasurer, required.
Medicine Hat, k»&a.— Debenture O^ertwgr.- Proposals will
be received until 9am., June 19, by W. N. Adsit, Town Secretary-Treasurer, for $13,000 natural-gas, $10,000 water- works,
$30,000 municipal-building and $2,600 gas and water-plantpurchase 5% debentures. Securities are dated Aug, 1, 1905,
and will mature part yearly for twenty years.
Medina, N. Y.— Bond Sale.—Oa May 9 the $100,000 waterworbs bonda described in V. 80, p. 1872, were awarded to N.
W. Harris & Co., New York, at 100-268 for 89^ per cents.
Medina County (P. 0. Medina), Ohio.— iJund 0#erinp.—
Proposals will be received until 12 M., June 8, by W, H. Hobarr. County Auditor, for $5,200 5% coupon " Harrisvilie
DItcn Improvement No. 27 " bonds. Denominations, one of
$700 and nine of $500 each. Date, June 1, 1905. Interest
payable at the office of the County Treasurer. Maturity,
$700 on March 1, 1906, and $500 each six months from Sept, 1,
Authority, Sections 4479,
1906, to Sept. 1, 1909, inclusive.
4480, 4481, 4482 and 2Sb of the Revised Statutes of Ohio. Certified check for 2% of amount of bid, payable to the order of
the County Treasurer of Medina County, required, and the
successful bidder must furnish blank bonds.
Miles City, Mont.— Bond Q^ertng.— Proposals will be received until 2 p. M , June 15, by J. E. Farnum, City Clerk,
for $10,000 4^ city-water-improvement bonds. Denomination,
$l,0t0.
Date, July 1, 1905. Interest, semi-annual. MaturAuthority, July 1, 1920, subject to call after July 1, 1915.
ity, Session Laws of the Fifth Legislative Assembly of the
State of Montana, House Bill 206, and election held April 3,
1905, when the vote was 60 in favor of to 17 against the
bonds. Certified check for 5^ of amount of bid required.
Mlnier (IlL) School District.— Bond 0#erinflf. -Proposals
will be received until June I by S. S. Tanner, Treasurer, for
$9,000 registered bonds. Denomination, $1,0C0. Dite, July
Interest annually in Mlnier. Maturity, one bond
1, 1905.
yearly, beginning 1907. This district has no debt at present.
Assessed valuation 1005, $180,000.
Minneapolis, Minn.— Bond Sale.—Oa May 25 the $200,000
3}4% school bonds (two issues) described in V. 80, p. 1878, were
awarded to E. H. Rollins & Sons, Chicago, and Geo. A. Fernald & Co., Boston, at lOO'Sl- a basis of about 8'4885{.
Mitchell, S. Dak.— Bond Sale.—Oa May 20 the $60,000 1020-year (optional) sewer bonds described in V. 80, p. 1878,
Niver Co.. Chicago, at
were awarded to Trowbridge
100 041 lor 4>^ per cents. Following are the bids
,
&
:
American Securities Co
$61.182 00
For 4^i)6 Bondf.
TrowbrldKe & NlverCo.,Chlc. $60,026 00 heasoni^ood & Mayer, Clnclu. t0,975 00
For b% linnat.
I
•
H
MadisonTille, Ohio.—Bond Sale.—Oa May 15 the $7,500
improvement bonds described inV. 80, p. 1497, were
awarded to the Provident Savings Bank & Trust Co., Cin-
Hayes it Sons, Clove...
John Nuveen &Co.. Chic
-For both, $47 ,000 00
Sons, Chic... 27,035 00
street
01,501
61,428
MrtcOonnld, McCoy,'kCo..Chl. 61,266
61,207
Chas. 11. Coffin. ChlcaKO
W..I.
84.175 00
•.%,«75
34,1 00 00
&
1905.
00
oo
OO
00
11. Kleybolte &Co..Clncln... 60,556 00
Kaiie.t<lo.. MI)ineaoi)ll!«. .. (lO.tVB 00
Wells & Dickey Co.. Mlnn'lla. «0,-^84 00
S.A. Keau, ChlcuKU
00,120 00
Montgomery Coanty (P. 0. Dayton), Ohio.- Bond OjTerir.g.— Proposals will be rtceived until 2 p. M., June 8, by T. J.
Kauffman. County Auditor, for $51,000 A% bridge bonds.
May 27,
THE CHRONICLE.
1905.J
Authority, Sections .871, 873 and 873. Revised Statutes of
Ohio. Dc^nomination, $1,000. D3,te, July, 1, 1905. latereat
seml-anEUftlly at the office of the County Treasurer. Maturity, $17,0C0 in six months, $17,000 in twelve months and
$17,000 in eighteen months.
Montgoaiery Coniity (P. 0. Clarksville), Tenn.— Bond
Sale.— It Is stated that N. W. Harris & Co, of Chicago has
been awarded an issue of $150,000 i}4% highway and funding
bonds for
§155,820.
Morton County (P. 0. Mandan), N. Dak.— J3ond Offering,
—Proposals will be received until 9 a. M., June 5, by H. J.
Tavis, County Auditor, for |31,000 sold refunding courthouse bonds. Ddnomination, $500. Dite, July 1, 1905, Intprest, not exceeding 6^. payable semi annually at the First
National Bank of New York City. Certified check for 10^ of
amount of bid, payable to A. Bowley, County Treasurer, reThe bidder offering the lowest rate of interest will
be coneidered the lowest bidder. Authority for issue, Chapter 26, Article 17, Laws of 1879. Present bonded debt of
county, $60,000; floating debt, $45,415. Assessed valuation
quired.
1904, $4,332,754,
Mount Vernon,
N.
Y.—Bond Offering.— Propos&lB will be
m June 6, by the Common Council, for
received until 8 p.
the following i^ coupon bonds
,
and police department buildiuK bonds, maturing 16,000 yearly on
June 1 from 19at3 to 1935, Inclusive.
20,OCO highway- improvement bonds, maturing 15,000 yearly on Jane 1 from
1934 to 1937, Inclnslve.
Date, June 1, 19l'5. Denomination, $1,000. Interest semiannually at the office of the City Treasurer. Certified check
for $1,000 required with bids for each issue, Securities will
be certified to as to genuineness by the United States Mortgage & Trust Co, of New York Ci1;y and the legality of the
issue approved by J. H. Caldwell Esq. of New York City,
W. Reynolds
is
2235
Point Pleasant, W. Va.— JSond C^trtMflr.— Proposals will be
received until 2 p M,, June 2, by W. R Green and J.
Franklin, committe=i, for $15,000 i% coupon street-improvement bonds. Denomination, $500. Date, Sept. 1, 1904. Interest, annually at the Merchants' National Bank of Point
Maturity, Sept. 1, 1938. subject to call after
Pieasant.
Bonded debt at present, $30,C00. Assessed valuation
1914.
C
H. R. Howard is Mayor.
Portland (lUicb.) ii^chool District No 3.— Bond Offering.
Proposals will be received until June 1 by Geo. D. Allen,
Secretary, for $6,000 43^^ building and improvement bonds.
Denomination, $500. Date, day of issu'*. Interest annually
on March 15 at Portland. Maturity, $1,000 yearly on Mar. 15
from 1908 to 1911, inclusive.
Portsmouth (Ohio) School District.— Bond Sale.— Oa
May 20 the $12,500 i% bonds described in V. 80, p. 1750, were
awarded to the Central Savings Bank Co. of Portsmouth.
Tee other bids were
1905, $1,100,000.
—
:
Porfsmouth Nat. Bank ... .*12,842 75 Atlas Nat. Bk., Cincinnati... $12,609 26
n Kleybolie&Co.. Clncin... 12,672 60 Well. Roth & Co., Clncin
12,H02 00
Hayden, Miller & Co.. Cleve. 18,659 oo Dn.Sav.Bk. * Tr. Co., Cln... 12.595 00
Prov. Sav. B'k <fcTr. Co.. Cin.
A. Klerbolte & Co.. Clncin...
Ceutral Tr. & Safe Dep. Co..
Beasongood & Mayer, ulncln.
12.«26
12,625
18,621
12,616
5B
00
00
75
W.J. Hayes* Sons, ClGve... 12.5S000
W. K.Todd & Co.. Clnciiinatl. 12,526 00
W. Harris 4 Co., Chicago. 12,617 00
N.
S.
A. Kean, Chicago
12,5C
00
City, S. BaIs..— Further Details of Bond Offering.—
Proposals will ba received, aa stated last week, until 7:80
p. M., June 5, by A. K, Thomas, City Auditor, for $51,000 i%
Rapid
:
tSO.COO fire
A.
—
-
:
City Clerk.
gold coupon refunding water bonds. Denomination, $500 or
?1,00P.
Dite, July 1, 1905. Interest, January and Jaly at
Rapid City. Maturity, July 1, 1925, optional after 1910.
Bonded debt, including this issue, $96,C00; floating debt, $39,Assessed valuation, $759,670.
60O,
Ked Jacket (P. 0- Calumet), Mich.— Bond Sale.- On May
22 the $75,000 4>^^ paving and street bonds described in V.
80, p. 1934, were awarded to the First National Bank of Cal-
umet.
Kedondo, Cal. Bond Election,- An election will be held
of this bond offering will be found May 31 to vote on the question of issuing $20,000 bonds
for a city jail, plans for which are said to include a fire
among the advertisements elsetchere in this Department,
Bond department and a public library.
New Hanover County (P.
Wilmington), N.
Uegina, Assa,— Debenture Offering.— Piopoaals will be reElection,— An election will be held June 1 to vote on the
question of issuing $50,000 bonds to complete the repairing, ceived until 5 p. M June 19, by J. Kelso Hunter, City Secconstruction and improvement of public roads in this county. retary-Treasurer, for $160,000 iSii water, sewer and electricInterest not to exceed 5^ will be paid semi-annually. Bonds light bonds, Maturity, part yearly for 80 years.
34year reRichmond, ya.—Boni Sale.—Oa May 17 the
are to run for a period not exceeding 25 years.
and %%
New Rochelle, N. Y.— Certificate Offering.— Fcoi^oBalB will funding bonds issued to retire the $176,820 22
bonds maturing July 1, 1905, were awarded to the Oklahoma
be received until 8 p. m., June 6, by Charles Kammermeyer, Bond & Trust Co., Guthrie, at 106 '40. See
V. 80, p. 1873, for
City Clerk, for $4O,CO0 5% 1-5-year (optional) certificates of description of bonds.
Bosedale (Ean.) School District.- Bond Sale.— We are
indebtedness. Denomination, $1,000. Date, June 7, 1905.
Interest, June 1 and December 1. Authority, Section 209 of advised by C. H. Gates, Clerk Board of Education, that the
$25,000 school bonds recently voted have been " sold condiChapter 126, Laws of 1899. Certified check on a national tionally." Maturity, part yearly from 1921 to 1925, inclusive,
bank or an incorporated bank or trust company of the State
Rnssellville, Ky.— Bond Sale.— Oa May 20 the $18,000 i%
of New York for $1,000, payable to the City Treasurer of the funding and the $6,0CO 4% water-works 10-30-year (optional)
city of New Rochelle, required. Purchaser to pay accrued bonds described in V. 80, p. 1931, were awarded to the Bank
The
official
notice
C—
,
H
interest.
Certificates will be delivered to the purchaser
on
H
of Russellville at par.
Sacramento, Cal.— Bond Sale.— On May 1 the $200,000 i%
June 14.
high-school bonds described in V. 80, p. 1387, were awarded
The official notice of this offering will be found amor.g to the State Board of Examiners of the State of California at
par.
the advertisements elsewhere in this Department.
Saginaw, Mich.— Bond Sale.— Oa May 20 the $10,000 ^i
Ohio County (P. 0. Rising Snn),Ini.— Bond Offering.
1-10-year (serial) special refunding sewer bonds described in
Proposals will be received until 13 m., May 29, by Joseph V.
80, p. 1934, were awarded to W. J. Hayes & Sons, CleveMcHenry, County Treasurer, for $4,120 i}4% coupon free land, at 1CO'05. The only other bid was that of par from the
stone-turnpike bonds. Denomination, $103. Date, May 15, Second National Bank, Saginaw.
Interest semi-annually at the office of the County
1905.
Salamanca, N. Y.—Bond Sale.— Oa May 24 the $15,000 4«
Treasurer. Maturity, one bond each six months, beginning 1-15-year (serial) sidewalk bonds described in V.
80, p. 1988,
Nov. 15, 1905.
were awarded to W. J. Hayes & Sons, Cleveland, at 101'07
Oklahoma City (Okla.) School District.— Bond Offering. and interest.
Proposals will be received until 8 p. m., June 1, by T. H.
Salem, N. Y.—Bond Sale,—Oa May 19 the three issues of
Harper, Secretary of School Board, for $60,COO i}4% 20-year bonds (aggregating
$13,500) described in V. 80, p. 1438, were
school- building bonds. Denomination to suit purchaser.
awarded to the Salem National Bank at 101 and accrued inInterest, June and December at the fiscal agency in New
terest.
York City. Certified check for $1,C00, payable to T. H.
San Baenaventnra (P. 0. Ventura), Cal.— Bond Sale.— On
Harper, required. Authority, Act of Congress April 28, April 19 this town sold $800
5% sewer-extension bonds to
1904. Bonded deb% $205,000. Assessed valuaticn, $5,563,285.
DAisy Norrls for $806 and accrued interest. Danomination,
Omaha, Keb.—Bowi 8ale.—Oa M^ylS the $100,000 4j5 30Interest, semi-annual. Maturity, |40J May 1, 1919,
.f400.
year funding bonds described in V. tO, p. 1750, were awarded and $400 May
1, 1920.
to Rhoades & Co., New York, at 105*77— a basis of about
Sandusky, Ohio.— Bond Sale.— We are advised that the
Following are the bids
8'693ii.
$4,0f0
10-year eewer and the $2,000 i^ 5-year hospital
105-770 Trowbridge & Niver Co., Ohio. ..102-107
Rhoades & Co.,New York
bonds described in V. 80, p. 1387, were awarded to the
1(1-790
Blake Bros. & Co., New York. ..105-110 W.J. Hayes 4 Sons, Oleve
106022 Albert C. Case.New York
101-685
Kountze Bros., New Yors
American Banking Co. of Sandusky for $6,030 72.
1C4-099 F. L. Fuller & Co.. Cleve
Union Nat. Bank, Omaha
I(;i-a50
Sanford graded School District, N.
Bond Offering.Blodget. Merrltt&Co., Boston. lOiO&O
L. Day A Co.. Boston
lOfOSO
K. H. Rollins & Sons, Chicago. .lOa-tflO Adams-Phillips Co., Los Ange... 100-951
Proposa'.s will be received uatil 12 M., June 15, by tlie Board
103-T80 R. Kieybolte Jk Co. Clncin
Estabrook & Co., Boston
100-600
"
of Trustees, J. K. Penry, Secretary, for $10,000 5i 40 year
103-030 First
100-260
Soltzer ACo..Toledo
Nat. Bank, Chicago
103-001 Sec. Investment Co., Lincoln. .ICO'IOO
Biaudels & Sods, Omaha
coupon building bonds. Certified check for $200 required.
eeasoDKOOd & Mayer, Clncin.. .102'505
Santa Kosa, Cal.— Bond Sale.— On May 16 the four issues
Partridge, Pine County, Minn.— Bond 3ale.~0a May 22
of i% gold bonds, aggregating $200,000, described in V. 80, p.
the $4,500 20-year road bonds described in V. 80, p. 1934,
1751, were awarded to James W. Gates at 102— a basis of
were awarded to Trowbridge & Niver Co., Chicago, at par about 3 858^. Following are the bids
—
H
:
|
1
I
C—
|
ft.
|
I
.
.
for 51^ per cents.
:
Following are the bids:
For ZH Per Cents.
Chas. H. Coffin. Chicago
$4.529 60
Trowbridge & Niver Co.. Chic..$4,500 CO J M. Holmes. Chicago
4,600 00
ForQ Per Cents.
4,500 00
Kane & Co.. Minneapolis
Wells & Dickey Co., Mlnn'iis.. 4.611 00 Commercial Sav. Co.. Dulntn. 4,500 00
Pictou, Nova Hcoiia.— Debenture Sale.
May 11 the
$12,000 4}4t electric-light debentures maturing May 1, 1935,
I
1
James W. Gates
Santa Rosa Nat. Bank
E. U. Rollins
&
$iOt,C01 CO
201,19300
Sons, Chlc... 200.786 00
W. Halsey & Co. Chicago
(for »19o,0U0)
$195,555 17
Union Trust & Sav, Bank. •200,107 00
N.
.
.
I
|
-Oa
were awarded to Wood, Gundy
ing are the bids
Wood, Gundy & Co.,Toronto.l 18,332
F. B. McCurdy (S(;o., Halifax. l-.i,ii7a
00
OO
G.R.Chisholm, Pictou
12,265 OJ
Wm. C. Brent, Toronto ... 12,148 CO
J.M.Rubluson&Sons.St John. 12,080 00
I
I
i
&
Co. of Toronto.
Dominion Sec. Corp.. Mont'l.$ll,910 09
Mackintosh & Co., Hallfax
U, 89500
J. C.
G. A. Stimson
I
Follow-
A
Co.,
Toronto. 11,76000
•
six
Bonds to be delivered as money is needed;
full delivery to
be made within
months.
Sharon, Mass.— Bond Sale.— O a May 23 an issue of $20,000
i% 1-20-year (serial) water bonds was awarded to Jofe, Parker
Co., Boston, at 104-362. Denomination, $1,000, Date, April
Interest, semi-annual.
1, 1905.
Sheboygran County, Wis. Bids —The following bids were
received on May 15 for the $90, COJ ii 5-14-year (serial) ohronio-
&
—
a
:
THE CHRONICLE.
2236
iDsane-asylnm bonds awarded, as stated last week, to the
Bank
of
Sheboygan at
101 '76
W
Wm. Damrow
00
60
00
South
Q^erirjflf.— Proposals will
be received until 12 M.,
$1,000 each,
Date, July
1,
Memphis
New York
City.
Interest semi-annually in
Maturity, July 1, 1955. Certified check for 5^ of the amount of bid required.
These
bonds were offered as 3J^ per cents on May 22 but not sold.
The official notices of these bond offerings will be found
amotiQ the advertisements elsewhere in this Department.
1905.
Sheridan, Yf so.— Bond Election,— O a Jane 2 an election
will be held in this city to vote on the question of issuing
$38,000 sanitary-sewer-eyetfm bonds.
Shoshone t'onnty (P. 0. Wallace), Idaho,— Bond Saie.—
On May 15 the $75,000 court-house and jail bonds described
in V. 80, p, 1499, were awarded to E. H. Rollins
Sons,
Danver, at 102 for 5 per cents. Following are the bids :
&
B. H. Rollins & Sons. Denver.$76.60n 00 Union Bk. &
John Nuveen & Co., Chicago. 76,()25 00
I
Tr. Co., Helena.S78.O06 00
|
NEW
Brooklyn,
&
:
|
Sonlh Omaha, "Seh.- Injunction Dissolved—Bonds Awarded.— The temporary injunction recently obtained by Madelade Pivonka to prevent the issuance of the $70,000 city-hall
and the |40,C00 park bonds voted at the election held April 4,
been dissolved. Bids for the $70,000 i}4% 5-20-year
(optional) city-hall bonds were opened on May 1 (see V. 80,
p. 1989,) and the City Council on May 22 awarded the bonds
to W. J. Hayes
Sons, Cleveland, for $70,889, the Cleveland
firm to supply the blank bonds for $140.
Steele County (P. O. Owatonna), Minn.— Bond Sale,—
are advised that the $2,500 i% 10-year public-ditch bonds described in V. 80, p. 1938, have been sold.
1905, has
&
We
Stephen Independent School District No. 1, Marshall
County, Minn.— Bond Q^mngr.— Proposals will be received
until 11 A, M,, June 8, by P. A. McClernan, Secretary Board
of Education, for $20,000 registered '^sohool- building bonds.
Denomination, $500. Date, July 1, 1905. Interest, not exceeding 4%, January and July. Maturity, part yearly on
July 1 from 1907 to 1920, inclusive. Certified check for $500
required. Total debt, $23,5C0
Valuation of real estate
1904, $173,468.
Tampa, Pla.-Bond 0#eringf,— Proposals will be received
M June 7, by W. R. Fuller, President Board of
until 12
,
Commissioners of Public Works, for $300,000 5% gold street
and sewer-improvement and $140,000 5 per cent gold park
coupon bonds. Denomination, $1,000. Date, June 1, 1905.
Interest, semi-annually at the United States Mortgage &
Trust Co., New York City. Maturity, 50 years, subject to
New York City
NEW
LOANS.
Cincinnati Southern Railway.
Sealed proposals will be received at the office of the Board of Trustees of the Cincinnati Southern
Railway until 12 o'clock Noon of MUNDAY, THE 19TH DAY OF JDNK, lw05, for the purchase of 500
coupon bonds, each of the face value of $1,000, bearing SH per ceat interest, issued by the Board of
Trustees of the Cincinnati Southern Railway.
These bonds are iss-md in accordance with and under the provisions of an act of the General Assembly
of the Staie of Ohio, passed April 2.3, 18P8 (i)3 O. I-., 637). entitled " An act supplementary to an act relating
to cities of tbe first class having a population exceeding one hundred and Ulty thousand inhabitants,
passed May 4, 18C9." (68 O. L.. ^0) and the resolution of the Board of Trustees of the Cincinnati Southern
Railway passed the 24th day of April. 1905.
The said bonds being one of a eerles of $500,000 each, issued, or to be Issued, each year, for a period of
five (5; years, under the corporate seal of Bald city, for money borrowed thereon in tbe aggregate not to
exceed |2,600,000, authorized by the above act to be borrowed by said Board of Trustees as a fund for terminal facilities and permanent betterments for the line of railway of the Cincinnati Southern Railway—
line of railway owned by the said City of Cincinnati and extending from said City to the City of Chattanooga, in the State of Tennessee— and each bond is equally secured by a pledge of the faith of the said
City of Cincinnati, and a tax iu addition to all other taxes for municipal purposes which shall be annually
levied by the Council or Board of Legislation of said City on the real and personal prgperty returned on
the grand levy sufficient to pay the interest and provide a sinlcing fund for their flnal redemption.
The Trustees have heretofore issued a manuscript bond to the amount ot $500,000, of date July 1, If 02,
payable .Inly 1, 196^, and redeemable July 1, 1942, under authority conferred by said act of April 23, 181'8,
which bond, on being offered to the Trustees of the Sinking Fund of Cincinnati, Ohio, under the laws of
said State, was taken and Is now held by said Trustees of the Sinking Fund.
The Trustees have also issued five hundred (500) bonds in the amount of one thousand ($1,OjO) dollars
each, of date of July 1, 1M03, payable July 1, 1965, and redeemaDle J uly 1. 1H43. under authority conferred
by said act of April 28, i89m, and which bonds on being advertised for sale under the statute in such cases
made and provided, were sold as an entirety.
The Trustees have also issued five hundred (500) bonds In the amount of one thousand (|1,000) dollars
each, of date July 1, 19'i4, payable July I, 19o5, and redeemable July 1, 1914, under authority conferred by
said act of April 23, 18S8, and which bonds on belnx advertised for sale under the statute in such cases
made and provided, were sold as an entirely.
The said bonds are to be Issued under date of July 1, 1005, and are payable on the first day of July,1965,
at the American Exchange National Bank In New York City, with interest thereon at the rate of 314 per
cent per annum, payable semi-annually on the first days of January and July in each year, upon the
presentation and surrender, as they severally mature, of the interest coupons attached thereto payable
both as to principal and Interest in lawful money of the United States. Said bonds are redeemable at the
option of the City of Cincinnati on the first day of July, A. D. Ib45 or at any time thereafter, upon payment of the principal and accrued interest; all of said bonds are to be signed by the President of the Board
Of Trustees if the Cincinnati Southern Hallway, and attested by the Auditor of the City of Cincinnati, and
;
and
LOANS.
CITY OF WINNIPEG
FOR THE UINE OF THE
also to be recorded in tne office of the Trustees of the 81nl£ing
Fund
of uaid
City.
A
&
years. The opinion of Dillon
Hubbard of
as to the legality of these bonds will be furnished the successful bidder. Certified check for 2 per cent
of the par value of the bonds bid for required.
call after 20
SALE OF MUNIOIPAL BONDS
registered In his office,
Ohio.— Bond Sale.—Oa May 22 the
$2,5C0 5^ 1-10-year (serial) water-pipe bonds described in V.
80, p. 1752, were awarded to W. R. Todd
Co., Cincinnati,
at 102 60. Following are the bids
W. R.Todd & Co., Cincinnatl..t2.686 00 New Ist Nat. B'k .Columbu*. .|2,556 25
offered par for $1,500
June 5, by Levi Joy, Secretary Court He use Commission (No.
51 Union Street, Memphis), for |1,OCO,000 i% coupon courthouse bonds. Denominations, one hundred bonds of flOOeach,
two hundred of $500 each and eight hundred and tiinety of
ar.d
for twenty yeare.
00
00
00
00
OO
worth of bonds.
Shelby County (P. 0. Memphis), Tenn.— Bond O^ering,—
Proposals will be received until 12 m., June 13, by Walter
Goodman, Commissioner, No. 20 South Front Street, Mem"
phis, for 1100,000 if coupon levee bonds.
Denominations,
one hundred bonds of $100 each, fifty of |500 and sixty-five of
$1,000 each. Date, July 1, 1905, Interest semiannually in
Memphis and New York City. Maturity, July 1, 1925. Certified check for ^% of the amount of bid required.
Bond
Smith's FalU, Out.— Debenture Offering.— PropoaalB will
be received until 4 P. M., June 8, by B. E. Sparham, Town
Clerk, for $54,256 i}4i debenture maturing part yearly for
forty years and $29,937 i}4i debentures maturing part yearly
and interest
Bank of Sheboj-(?an. Wis
?31,5S4 00 Farson, Leach Ss, Co.,ChioaKO.t91.1S8
K. KleyboJte 4 Co.. Clncln ... 91,485 00 Seasoneood Sc Mayer, Cinoin. 91,067
N. W. Harris & Co.. Chicago. 91.288 CO S.A.Kean. Chicaco
90.990
Mason, Lewis & CcChlc
91,269 00 First Wat. Bank, Chlcaeo
90,900
uenison. Prior* Co., CleveJ. Hayes * sons, Cleve.. 90,898
land and Boston
91,261 00 Konntze Bros., New York... 90.702
B. H. Kolllns & Sons, Chic... 91,221 CO MaoDonald, McCoy& Co..Chl. 90,747
Trowbridge &NlverCo.,Chio. 91,178 00 Lamprecht BroB,& Co.,CleTe. 90,622
[Vol. lxxx.
check drawn on a national bank for the amount of 2 per cent of the amount bid, payable to
the order of tbe Board of Trustees of the Cincinnati Southern Hallway, must accompany each bid. This
check shall inure to the bcnefli of the City upon the failure of the bidder to comply with the provisions of
his bid or to take the bonds at the amount bid.
No bids for lets ihan par and accrued Interest to the day of delivery of the bonds will be accepted; the
bonds to be deliverer! to the buyer at the Third National Bank in the City of Cincinnati on any business
day between the Ist day of July and Btn day of July. 1905.
Bidders must euclo!<c their bids In sealed envelopes and deposit the same with the Secretary of the
Board of Trustees of the Cincinnati Southern Hallway at the office of the Trustees of the Cincinnati
Southern Railway, Ingalls Building, northeast corner Fourth and Vine streets, Cincinnati, Ohio, on or
before the 19th day of June, 1805, nt i2 o'olock M., and such sealed envelopes must have indorsed thereon
the nature of the bid and the name and address of the bidder.
All bids must state the number of bonds bid for.
Bids will be opened on Monday, the 19th day ot June, 1*05, at 12 M. In the presence of the bidders, at
the office of the Board of Trustees of the Cincinnati Southern Railway.
Bidders muet use the printed forms furnished by the Secretary of the Board of Trustees of the
Cincinnati Southern Railway, as none others may be received.
Tbe Hoard of Trustees of the Cincinnati Southern Railway reserves the right to reject any or all bids.
By direction of the Board of Trustees of the Cincinnati Southern Railway.
DEBENTURESSEALED TENDERS addressed to "Tlie
Chairman, Finance Committee," and marked
"Tender for Debentures," will be received at
the office of the City Comptroller, City Hall,
Winnipeg, Manitoba, up to 3 o'clock, P, M,, on
FRIDAY, 16TH JUNE NEXT,
FOR THE PURCHASE OF
$1,209,875 42
OF CITY OF WINNIPEG
DEBENTURES.
Payable In Winnipeg in gold or its equivaInterest at 4 per cent per annum, payable half-yearly at the Canadian Bank of
Commerce, In London, England, New York,
Montreal and Winnipeg, at the holder's option.
Debentures dated 15th May, 1905.
lent.
$111,713
44,654
363,836
271,860
417,809
running
running
running
running
running
68
86
89
18
81
7 years
10 years
15 years
20 years
30 years
$1,209,876 42
certified
JOHN R. SAYIiBR. President
BTANLBY KiCRGUSON, becretary
Blodget, Merritt
& Co
,
BANKERS,
Congress Street, Boston.
SONAHHAU HTREET, NEW YORK.
16
T
B.
MUNICIPAL
onKinQ
o^*^^^'
and
CORPORATION
D.
lilBT
-
•
•
UN APPLICATION.
IJLL.S.
8.
CURRY,
City Comptroller,
Winnipeg, 18th May, 1905.
Rudolph Kleybolte&Co.
BAMKERS,
DSALXR8 IN
MUNICIPAL, RAILROAD and
STREET RAILWAY
172 Washingrton Street,
CHICAGO,
STATE, Clff & RAILROAD BONDS.
POTTER,
Purchasers to pay accrued Interest to date
Teuder.s may be for the whole or
part. No tender necessarily accepted. Further
particulars furnished on application.
of delivery.
27-29
BONDS.
PINE STREET, NEW
Interest Paid on Daily
YORK.
and Time Deposits.
:
May 27,
THE CHRONICLE.
1905.]
Tropica 8ctaool District, Los Angeles, County, C&l.—Bond
Election,— An election will be held May 27 to vote on the
question of issuing |12,0C0 5% 1-24-year (serial) bonds. Danomination, $500.
UhrichSTille, Ohio.— Bond Sale.— On May 20 the |18,0r0
4^i 1-5-year (serial) street-pavic;? bonds described in V. 80,
p. 1874, were awarded to Weil, Roth & Co., Cincinnati, at
101 and accrued interest. Following are the bids :
SfNew
J?2 °°
Colnmbus.*',^i18,112 50
Bro8.& Co..UleTe.*l8,066 80
.* 5.1- 9-'°,*"" -C
•i?.°i^*'
l8t Nat.B'k
Lamprecht
I
I
I
I
•
And
Sw.
8.
^J.
ing this issue, $76,500. Assessed valuation, $1,574,308; ^i^tuai
actual
valuation, $3,148,616.
Todd & Co., Cincln. *$18,050 00
Hayes & Sons, Cleve...*i8 0S2 00
.
A. Kean. Chlcaso.!^.
Union Bank,
.
:..... »l8;oi8
Welcome, Minn.— Bond SaZe.— We are advised that the
water bonds offered on May 1 (see V.
80, p. 1499,) have been awarded to U. M Stoddard &
Co.,
Minneapolis, for $7,500.
Bonds carry 5^4% interest and are
00
$7,000 1-7-year (serial)
Uhrichsvllle....*18,'000 00
accrued interest.
Clerk of Board, required.
Washington County, Fa.— Bond
dated July
bids
B. D.
Sale-Jhh county
1,
1925.
Denominations, 16 of f 6,000 and one of
7,000 4% school bonds.
June
1
Denomination, Cl.COO.
from 1910 to 1W6, inclusive.
$3,000.
Maturity, 11,000 yearly on
All bonds are registered and dated June 1, 1905. Interest
semi-apcually at the office of the City Treasurer. Certified
check for |1,000, payable to the order of the City Treasurer
of the city of Watertown, required. Authority,
Chapter 760.
Laws
of 1897.
Waynesboro, Pa.— Bond O^crtngr.— Proposals will be received until 8 p. M., June 1, by Samuel 0. Plank, Secretary
of
Town Council, for |20,C00 d^i coupon funding and improvement bonds. Denomination, $1,000. Date, June 1, 1905. Interest, free of tax, payable semi-annually at
the Bank of
F.
Bush ACo.. Indian'lls. $71,980 00 E. M. Campbell & Co., Ind'lls. $71,816 00
Wlld&Co.. Ind'apollB.. 71,908 00 Farmers' & Traders'
Bank,
Marion Tr. Co., Indianapolis. 71,855 00
Markle
Studebaker Bank, Bluffton.. 71,860 00 R. Kleybolte
re-
71,67800
71,642 50
I
|
&
$91,000 4% water-works bonds.
2, 1905.
Wells County (P. 0. BlnfftoB),Ind.— Bond S^aZe.- OnMay
20 an issue of |71,500 4^4% Jackson Township gravel-road
bonds, maturing from one to ten vearp, was awarded to E D.
Bush & Co., Indianapolis, for $71,930. Following are the
J.
cently sold 180,000 i% road-improvement bonds to N.
W.
Harris
Co., New York, at par. Denomination, $1,000.
Interest semi-annually.
Maturity,
i;^^.,,'^""® ^' ^®^^'
|10,OCO yearly on June 1, from 19C6 to 1918, inclusive.
Watertoirrn, N. Y.—Bond Qferinfir.— Proposals will be received until 12 M., May 29, by Frank Walts, City Treasurer,
for the following bonds
2237
Waynesboro. Maturity, June 1, 1935, subject to call after
June 1, 1915. Authority, election held Feb. 21, 1905. Certified check on an incorporated State or a national bank for
5% of amount of bid, payable to the order of T. S. Canningham, Borough Treasurer, required. Purchaser to pay accrued interest and furnish blank bonds.
Bonds will be
delivered on June 21, 1905. Total net indebtedness, includ-
Yandalia (Ohio) School District— Bowd Offering.— Proposals will be received until 12 m., June 12, by W. H. Riley
Clerk Board of Education, for $8,000 i% bonds, Authority.
Sections 8959, 8993 and 3994 Revised Statutes of Ohio. Date
June 15, 1905. Interest, March 1 and Sept. 1 at the Third
National Bank of Dayton. Maturity, $200 on Sept. 1, 1906
and 300 yearly thereafter. Check for $100, payable to the
Maturity, June
,
:
&
Co.. Clncin.
.
West Minneapolis (P. 0. Rovkim), Minn.- Further De
tails of Bond Offering.— Ab stated last week, proposals will
be received until 12 m., June 27, by E. A. Close, Recorder of
Village Council, for $12,000 5<r gold coupon light bonds. Denomination, $1,000. Date, Aug. 1, 1905. Interest, semi-annual. Maturity, $1,0C0 yearly on Nov. 15 from 1906 to 1917,
inclusive. Certified check for $100, payable to the order of
John O, Harrison, Village Treasurer, required. Purchaser to
pay accrued interest. Authority, election held March 14,
1905, when 282 votes were cast in favor of and 72 against the
bonds. Bonded debt, not including this issue, $13,000. Assessed valuation, $551,457.
West Springfield, Mass.— Fond Election.—
town meeting has been called for May 31 to vote on the question of
iesuing $50,000 water bonds in accordance with authority
granted by Chapter 333. Laws of 1905,
Wilmiogton, Del.-Bond Sale.— On May 23 the $50,000 i%
street and sewer bonds described in V. 80, p. 1990, were
awarded to N. W. Halsey
Co., New York City, at 106 278—
a basis of about S-60%, Following are the bids:
A
&
NJiy^nLOANS.
N^WJLOANS.
Sso,ooo
SSO,000
NEW
LOANS.
^40,000
City of Mt. Vernon, N. T. City of Mt.
Fire and Police Department Building
Bonds.
The Common Council
of the City of Mount Vernon
will, at its Chambers in the Lucas Building,
Depot
Mount
Vernon, N. Y.?
the
f}^°^'i^^k?S^t7^P^
etb
or JUNE, 1905, at 8 o'clock, P. on
M., receive sealed proposals for the purchase of bonds to
be denomiDated "Kire and Police Department
Building Bonds," numbered consecutively from one
to fifty, each bond to be for the principal sum
of
DAY
One Thousand ($1,000) dollars.
The said Common Council will then and there open
such proposals and accept the most favorable thereof, unless It deem it lor the best interest of the
City
any and all of said proposals.
Tbese bonds will be for the principal sum of
Thousand (^1,000) Dollars, with interest couponsOne
a1>
tached, and will bear interest at the rate of four per
centum per annum, payable semi-annnally at the
to reject
the City Treasurer of the City of Mount
Vernon. They will be dated the first day of June,
c.
19(6, and payable as follows, to wit.:
I='SS2 thereof on the first day of June, 1026.
I?'229 tliereof on the first day of June, 1927.
If.OOO thereof on the first day of June, 1H2H.
$5,000 thereof on the first day of June, 1929.
|5,0(J0 thereof on the first day of June, '930.
$0,000 thereof on tbe first day of June, 1931.
fo.OOO thereof on the first day of June, 1932
fc'SxS ^fiereof on the first day of June, 1933.
If 7^2 •^{lereof on the first day of June, 193*.
$6,t00
thereof on the first day of June, 1933.
*'® <lelivered to the purchaser on
*>,'£H®-,*'i?5^^
^'V
the
loth day of
June, ItiOo,
ti'd
*^or
said
bonds must be accompanied bv a
^39,'^
certified check for the sum of One Thousand
($l,tOO)
dollars as a security for the performance of such
bid
and as liquidated damages In the event of the fall'ire of the successful bidders to accept
and pay for
office of
-^
Bonds will be engraved under the
of
and certified as to their genuineness supervision
by, the United
States Mortsage & Trust C( mpany, and their
legality approved by J. H. Caldwell, Esq., of New
K"r^>}ty. whose opinion as to legaUty will be fur-
nished to the purchaser.
By Statute the bonds cannot be sold for less than
pa r and accrued Interest.
By order of the Common Council.
May 23d,
1H06.
EDWARD
Mayor of the
City of
W- REYNOLDS,
^-*City ^,
Clerk of the City of
o.^
F.
V^ernon, N. Y. City of New Kochelle, N. Y.,
Highway Improrement Bonds.
Certificates of Indebtedness.
The Common Council of the City of Mount Vernon
Chambers in the Lucas Building, Depot
Place. In the Ci<y of Mount Vernon, N. Y., on the
6th DAY OF JUNE. 1905, at 8 o'clock P. M., receive
will, at its
sealed proposals for the purchase of bonds to be denominated "'Highway Improvement Bonds," numbered consecutively from 771 to 790, Inclusive each
the principal sum of One Thousand
fi^nri^
n"''
(51.0C0) H?
Dollars.
The said Common Council will
then and there open such proposals and accept the
most favorable thereof unleps it deem it for the best
interest of the City to reject any or all of said pro*^
;
posals.
These bonds will be for the principal sum of
Thousand ($1,000) Dollars with interest couponsOne
attached, and will bear interest at the rate of four
per centum per annum, payable semi-annually at the
tbe City Treasurer of the City of Mount
Vernon. They will be dated the first day of June,
190^, and pavable as follow?, to wit
$5,000 on the first day of June, 1934.
J5,0f0 on the first day of June, 1935.
$5.0:0 on the first day of June, 193><.
t5,000 on the tlrtt day of June, 1937.
The bonds will be delivered to the purchaser on
the loth day of June, 1905.
Each bid for said bonds must be accompanied by
office of
:
^O"" t^® ^"™ of One Thousand
?.,*^SJl\*'.^.'^„°''®<'^
(f 1,000) Dollars as a guaranty of good faith on the
part of the bidder.
Bonds will be engraved under the supervision of
and certified as to their genuineness by, the United
States Mortgage & Trust Company, and their
legaliiy approved byJ. H. Caldwell, Esq., of New
York City, whose opinion as to legality will be furnished to the purchaser.
By Statute the bonds cannot be sold for less than
par and accrued intereat.
By order of the Common Council.
Dated Mt. Vernon, N. Y., May 19, 1905.
EDWARD
A.
P.
Sealed proposals will be received by the City
Clerk at his office In the City Hall Building, corner
of Main and Mechanic ntreets, up to 8 o'clock P. M..
TUESDAY, JUNE 6, 1905, for f 40,000 certificates of
indebtedness, of »1,000 each, to be Issued pursoant
to Section 209 of Chapter 128, of the Laws of 1899,
of the State of New York. The said certificates
to be numbered from one to forty, inclusive, and
win bear interest at the rare of five (5i per centum
per annum, and will be sold to the person, firm or
corpor»tion offering the highest premium therefor,
and will be dated the Tth day of Jane, 1905, and each
of the said certificates of indebtedness shall be payably five years from its date, but shall upon its face
contain an option of the City of New Rochelle to
pay In one year from the date of its issue. If the
Common Council of the City of New Rochelle shall
so elect. Interest on the said certificates will be
payable on the first days of June and December in
each year.
Each proposal must be accompanied by a certified
check on a National Bank or an incorported bank or
trust company of the State of New York, for §1,000,
payable to the order of the City Treasurer of the
City of New Rochelle, such deposit to be forfeited to
the City if the party or parties to whom these certificates shall be awarded shall fail to take and pay
for the same in accordance with the terms ot sale.
Tne certificates to be delivered at the office of the
City Treasurer of the Cily of New Rochelle, N. Y.,
on the 14th day of June, 1905, at 10 o'clock in the
forenoon.
No bids will be received for less than par. Purchasers will be required to pay accrued Interest.
The Common Council reserves theiight to reject
any and
New
Rochelle, N. Y.
Dated, New Rochelle. N. Y.,
King, Hodenpyl
SEND FOR
7
LIST.
Wall Street,
BOXDS FOR
43 Exchange Place,
New
York.
MacDonald, McCoy
MUNICIPAL AND
INVESTMENT.
&
Co
CORPORATION
BONDS.
Drexel Building,
Philadelphia.
Co.,
171
La
21 7 La Salle Street,
Chicago.
New York.
Mount Vernon.
Members
New York
RAILROAD AND
Salle Street, Chicago.
Stock Exchange.
STREET RAILWAY
BANKERS,
(
&
BANKERS,
BRUSH,
Exchange,
Pliiladelphia Stock Exchange.
City
' of
19, 1905.
CUABLE8 KAMMERMEYER, City Clerk.
Mayor.
INVESTMENT BONDS.
Mount Vernon.
'^"^'^ ^*°<=^
May
Cily Clerk.
PRIOR&CO.
ERVIN & COMPANY, DENISON,
CLEVELAND.
BOSTON.
Members ^^'"^
Kammer-
By order of the Common Council of the
BRUSH,
W. REYNOLDS.
all bids.
All bids to be addressed to Charles
mever. City Clerk, and marked as such.
F.
RnKinQ
:^^J^=y^
R.FULTON & CO.,
Municipal Bonds,
171
LA SALLE STREET,
CHICAGO.
:
N. W. Halsey & Co.. N. 7.......106;a7«
Blodcel. Merntt & Co.. Boston 106 515
106 50
Mason, Lewis & Co., Phlia
101-91
N. W. Harris & Co., New York..
I
I
I
Equitable Guarantee
&
Tr. Co.,
Wllmineton
10077
and Boston
city has sold to John
Chicago, at 103'12, the $15,000 5^ electricSecnntles
lioht bonds voted at tne election held April 20.
eubject
are dated June 1, 1905, and will mature June 1, 1925,
semi-annual.
Interest,
1920.
to call after June 1,
Winnipeg, ja anitoM— Debenture Offering. -Sealed, tenders will be received until 3 P, M June 16, by "The Chairman Finance Committee," at the office of the City Comptrol-
Winfleld,
Kav.— Bond Sa/e,— This
& Co.,
,
gold debentures. Date, May 15, 1905.
Interest eemi antiually at the Canadian Bank of Commerce in
London (Englacd), New York, Montreal and Winnipeg, at
option of purchaser. Maturity on May 15 as follows:
ler, for $1,209,875 42 i%
1111,713 68 in 1912, |44,654 66 ia 1915, $363,836 89 in 1930,
$271,860 18 in 1925 and |417,809 81 in 1935. Purchaser to pay
accrued interest.
The
among
notice of this bond offering will be found
the advertisements elsewhere in this Department.
offlcial
Bowling Green), Ohio.—Bond Sale.—
$50,000 5% road and the 140,000 5% bridge
bonds described in V. 80, p. 1875, were awarded, the former
to the Exchange Bank of Bowling Green at 102-474 and the
latter to Rudolph Klejbolte & Co., Cincinnati, at 1C6'6175.
Wood County
Oa May 22 the
(P. 0.
Following are the bids
:
$50,nco Bonds.
Exchanpre Bank, Bowling Green
*51'ono2A
?!'?X.tS
cl'ifinn
Kudolph Kleybolte* Co. Cincinnati
Hayden. Mi!ler & Co., Cleveland
W.
R.
Todd& Co., Cincinnati
& Co., CleveUnd
Hoehler
New
at
^J-'^Slr^J!
CummtDgs, Toledo
c.Yikr.n
First National Bank, (tolumbus
kJoqiS^
Seasonaood* Maver. Cincinnati
Farson. Leach & Co., CbicagO
Weil, Roth & Co.. Cincinnati
Union Savings Bank & Trust Co.. Cincinnati
W.J. Haves* Sons. Cleveland
Albert KlevboUe & Co..Clnclncati
Security £5avin?8 Bank* Trust Co.. Toledo
00
42,428 <'0
4 J, 14a 00
42,n«8 00
48,131 00
4«,1IJ0 00
42.554 hO
42,4Sl 00
42,125 00
42,210 CO
42,476 00
?,v£Tnn
F. L. Fuller
$40,030 Bds.
'J4:2,«V7
tV..'?,ii3,
rA-n"I xS
PX'SiSXA
60.7&5 00
42,'<;0
I
and offered for sale on May 18, have not
Proposals are again asked for these secuM Juae 2, the interest rate having been
in V. 81, p. 1937,
P?*}
101 -(JS
Spitzer &Co.. Toledo.
Uenlson, Prior &,Co., Clevelano
I
Nnveen
[YOL. LXXX.
THE CHRONICLE
2238
00
43, 102 60
Winooski, yx.— Bonds Not Sold— Bond Offering.— We are
advised that the $40,C00 33^^ water-works bonds described
been disposed
of.
rities until 8 P.
,
raised to 4 per cent.
Xenla, Ohio,— Bond Q^eringf.— Proposals will be received
M June 9, by C. F. Logan, City Auditor, for |2l,O0O
4i^« coupon sewer bonds. Denomination, |500. Dite, Jucel,
Maturity yearly on June 1 as
1905.
laterest, semi-annual.
follows
$1,000 in 1906 and |2,000 from 1907 to 1916, inclusive.
Certified check for 5% of amount of bid, drawn on a
Xenia bank and payable to Asa L'.ttle, City Treasurer, reuntil
n
,
:
quired.
,
Ofl'cri/jg.— Proposals will be received until 10:30
Tittle, County Treasurer, for $4,000 10-year coupon
bonds. Interest, not exceeding H, annually at office of the
County Treasurer. Authority, Sections 117, 118, 119, etc., of
the Code of Public Instruction, L^ws of 1897, pages 857 et
by Lee
seq.
faklma County (Wash.) Schoool Dlslriet No. 34.— Bond
O^eriflo.— Proposals will be received until 1 p. m., June 3,
by Lee Tittle, County Treasurer, for the $4,500 l0-20year
(optional) coupon bonds which were offered but not sold on
April 29. laterest, not exceeding H, annually at the officje
of the County Treasurer. Autliority, Sections 117, 118, 119,
etc of the Code of Public Instruction, Laws of 1897, page
,
.
„
„
^
School District.— Bond Sale.-Oa
coupon bonds described in V. 80, p.
May 15 the $45,000
1754, were awarded to Sessongood & Maytr, Cincinnati, at
102-017— a basis of about 3-813^'i. Following are the bids:
357 et seq.
.
Yonn^'istowini
SHELBY COUNTY,
H
Trust Co.$i5.625 CO
& Mayer. Cinoln.t45.907 75 Union Sav.Bank 4Clucinnali.
45,475 00
& Co.. Clncin...*45,975 00 w. R. Todd ACQ.. Cleve
45, 161 00
Hayden. MiUer* Co.. Cleve.. 45.774 Oi F. Ij. Fuller & Co.,
45,S16 00
W.J. Hayes & Song. Cleve... 45,«50 00 Well. Koth &Co. Cinoiu
LampreontBros. &Co.. Cler. 45,fi44 50 Den son. Prior & Co., Cleve.. 46.185 00
land and Boston
46,636 00
N. W. Harris & Co., Chic
45.112 50
R. Kleybolte & Co.. CIncin.
Seasoneood
A. Kleybolte
1
* Certified
check on a national bank not enclosed,
TouDgSTJlle
(Pa.)
OnMOiNDAY.
THE
l.'th
DAY OF JUNE,
1905, for
$100,000 00 of non-callable bonds, to be issued by
Shelby County, Tennessee. Said bonds are to be
INVESTMENTS.
Issued under the authority of an Act passed at the
1905 session of the Tennesse"} Legislature.
Said bonds will bear the date of July 1st, 1905, and
to become due and payable twenty years after date,
and will bear Interest from date at tbe rate of four
per cent per annum, payable semi-annually, and
evidenced by coupons the bonds and coupons pay;
able in Memphts and New York.
A sinking 1 und will be provided to pay the bonds
at maturity, and a tax leviPd to pay the coupons,
as required in the faid Act of the Legislature. Said
bonds to be issued in denominations as follows
100 $100 bonds.
50 $500 bonds.
6511.000 bonds.
Each bid must be accompanied by a certified check
for 5 per cent of the amount of tbe bid checks of
unsuccessful bidders to be returned, and check of
;
successful bldd«-rtobe held to eecurehis payment
for the bonds. All bids roust be sealed and addressed
to Walte'- (Joodman, Commissioner, office No, 20
South Front Street, Memphis, Tenn.
The right is reserved to reject any and
W.
K.
A. a.
W. NOBIE & COMPANY,
H.
Penobscot Bldq.,
Land-Title Bldq.,
Detroit.
Philadelphia.
MUNICIPAL
all
I
ids.
GILL,
KI.MBKOUGH,
WALTER GOOUMAN,
Sealed bids will be received up to 12 o'clock noon
on
Sate.-Oa
District.- Bond
School
Court House Bond?.
Sealed bids will be received npto 13 o'clock noon
stated, as required.
15 this district sold $6 000 5% school bonds to W. P. NutDenomination, fiOO. Interting, Youngsville, at 102 083.
Bank.
est, March and September at the Youngsville Savings
inclusive^
to
1906
1917,
from
10
Sept.
Maturity, $500 yearly on
SHELBY COUNTY, TEMN.,
Emergency Levee Bonds.
it is
May
#1,000,000 oo
TEN.N".,
,
(Ohio)
NMEWJ-OA^
#100,000 oo
„
„ J
32.— Bond
a.m June 3,
District No.
Takima Connty (Wash.) School
MONDAY, TnifiSTH DAY OF JUNE,
1905, lor
bonds to be issued by
Shelby County, Tennessee, or for any part of the
amount. Said bonds are issued under the authority
of an Act passed at the 1905 session of the Tennessee
Legislature. Said bonds will bear the date of July
1st, iyc>5, and to become due and payable fifty (CO)
years after date, and will bear interest from date at
the rate of 4 per cent per annum, payable temiannually and evidenced by coupons; the bonds and
coupons payable in Memphis and New York. A
sinking fund will be provided to pay the bonds at
maturity, and a tax levied to pay the coupons ag
required in the said Act of the Legislature. Said
bonds to be issued in denominations as follows:
AND
PUBLIC SERVICE CORPORATION
BONDS
$!,OCO,000 00 of non-callable
100 $K'0 bonds.
KstabltHlied 1M»5.
& Company
H. C. Speer
Bank
First Nat.
Building, Chicago.
BONDS.
COUNTY
AND TOWNSHIP
CITY
AND
STOCK CERTIFICATES
steel-plate etieot. Also,
Handsomely engraved;
2 10 5>5C0 bonds.
e90 81,000 bonds.
Each bid must be accrmpanied by a certified check
for 5 per cent of the amount of the bid: cliccks of
unsuccessful bidders to be returned, and check of
successful bidder to be held to secure his payment
the cheauor kind, partly lithORrapbed and partly
100 Ceitlflcates. 13.25 to
printed from type.
f25: the latter ecKraved. with stepl-plate borders
»1 50; belter floished, $2.
Press.
— eleeant. Seal
ALBERT
B.
Wiiiir-vers
KING &
CO.,
WlllXiNO'S
for the bones.
All bids must be sealed
206 Broadway, N.T.
Lttboirrapriern.
>inrt
iTeleolionn.1
fAr-KK.*.
and addrossed to Levi Joy,
Secretary Court House Commission. 51 Union Street,
Memphis, Tenn.
The right is reserved to rf ji'Ct any and all bids.
LEVI JOY. Secretary.
N.
C.
PERKINS,
ChrtiTraan Court
House Com
(Jommlesioners.
MUNICIPAL AND
PDBLIC FKANCHISE CORPORATION
BONDS
Perry, Coffin
&
Burr,
INVESTMENT BONDS.
AoDeht nnd Sold.
W.
J.
60 State Street,
HAYES & SONS,
CL.ETKKAND. OHIO.
own hand, or
are UNKQUALKl). Their qaallty
won highest honors at all
Is assured and they have
writing
the great World's Fairs. For high grade
ledger
and
for
papers,
bond
for
kinds,
all
papers of
papers, insist on having them made by the
(or letter written with your
by-.the typewriter,
WHITING PAPER COMPANY,
BOSTON.
ItOHTON. IMAMM.
For BiislncBS Correnpondenoe.
Whether
IIOI.YOHE. niASS.
MUNICIPAL AND RAILROAD
BONDS.
New
Trowbridge &
RIcrtaiitllc Library Unlldliie,
CINCINNATI.
CHICAGO,
l8t
Nat. Bank Bldg.
Set
of
New York
1881
BONDS.
SEASONGOOD & MAYER,
FOR SALE:
H'w/er Oo.
MUNICIPAL AND PUBLIC SERVICE
LIST ON ArPLICATION.
ICarllcr years
BOSTON,
60 State
Street.
Chicaeo.
Philadelphia.
York.
Tribune,
DAXIC.
l?i three nionlhs volumes.
Address.
bound
\Vm. B.
7«^
TO
I'liic
DANA rOMl'ANY,
Hlreel,
New York
City.
@FedFRASER