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SECTION.
CHRONICLE
utmttetrta
INCLUDING
Bank and Quotation Section
State and City Section (semi-Amman*)
A
)
Street Railway Section ('me*
(Monthly)
Railway and Industrial Section (Quarterly)
Entered according to Act of Congress in the year 1906 by
NO. 2184,
MAY 4 1907.
NEW YORK
VOL. 84.
Nearly
William B. Dana Comp ant. In Office of Librarian of Congress, Washington. D.O
financial.
financial.
THE LIBERTY
FISK & ROBINSON
AMERICAN BANK
NOTE COMPANY
78 to 86 Trinity Place, New York
Business Founded 1795.
Engravers
Reorganised 1879
Printers
»
NEW YORK.
Capital, Surplus and Undivided Profits,
Government Bonds
Investment Securities
$3,250,000.
FRED'S B. 8CHENCK. President.
D. G. KK1D,
CHARLES 1L STOUT
BOSTON
new York
BONDS FOR GOVERNMENTS AND COR¬
PORATIONS, DRAFTS, CHECKS, BILLS
OF EXCHANGE, STAMPS, ETC., WITH
SPECIAL SAFEGUARDS TO PREVENT
COUNTERFEITING
LITHOGRAPHIC
TYPE PRINTING /* RAILWAY
IMPROVED * STYLES
TICKETS OF
ORGANIZED 1850.
83,000,000 00
Capital
Surplus and Profits
8,415,342 14
Deposits March 22,1007.... 01,411,002 81
Harvey ST.,
Fisk NEW
& Sons,
YORK
62 CEDAR
OFFICERS:
C.
MCKEON.
Government, Railroad and
Municipal Bonds,
VICE-PRESIDENT.
VICE-PRESIDENT.
JOHN CL VAN CLEAF,
VICE-PRESIDENT.
and other
MAC RICE H. EWER,
CASHIER.
WILLIAM
-
Bankers and Dealers in
JOHN
GILBERT G. THORNE,
TRUSTEES:
T. H. Freeland, Chairman of the Board
Edmund Q. Converse
Francis L. Potts
Warren L. Green
Andrew V. Stout
Phineas 0. Lonnshury
A. Jaretzkl
-
DELAF1ELD,
PRESIDENT.
Warrkn L. Grekn,
President
D. E. Woodhull, •
Vice-President
Joseph Fleming, ... Vice-President
Chas. L. Lee, ....
Treasurer
Frank K. Johnson, .
.
.
Secretary
Aaat. Cashier.
DIRECTORS:
IS. C. Converse,
Geo. F. Baker,
T. A. Gillespie.
Henry C. Tinker
F. L. Hlne,
K. F. C. Young,
H. P. Davison.
Daniel G. Reid,
Arthur K. Luke.
Charles A. Moore,
J. Rogers MaxweiL
Charles H. Warren.
Ambrose Monell.
Frederick G. Bourne.
Fred’k B. Schenck.
Charles H. Stout.
The National Park Bank
of New York.
RICHARD
Vice-President.
JAMBS V. LettT
Cashier.
FUKD’K P. MCGLYNN
Vice-President,
CHARLES W. RIKCKS,
3d Vice-President.
HENRY P. DAVISON,
Chairman Exec. Com.
NOTES, SHARE CERTIFICATES,
BANK
AND
NATIONAL BANK,
BANKERS
WILLIAM A. MAIN
O. JONES.
INVESTMENT SECURITIES.
i
ASST. CASHIER.
ASST. CA8HIER.
FRED’K O. FOXCROFT ASST. CASHIER.
i
Philadelphia, represented by
Jameh IL Chapman, 431 Coestnut 3t,
Chicago, represented by D. K. Drake,
Continental National Bant Building.
Our list of Investment Securities sent on application.
CHARTERED 1810.
Members ot Klcnmond and Baltimore Stock
'
Excnanges.
NATIONAL
MECHANICS’
John L. Williams & Sons,
BANKERS,
BANK.
Edward B, Smith & Co.
33 Wall Street.
BANKERS
Corner 9th and Main Streets,
Capital,
RICHMOND, VA.
Baltimore Correspondents:
midden dorp,
Direct private
Williams A Co
-
Surplus,
-
-
-
$3,000,000
3,000,000
INVESTMENT SECURITIES
Members New York and Phlla. Stock
to New York.
BANKERS,
•
Fayette Streets,
IS ACT I ITS OK II, HD.
Ralston Welsh,
INVESTMENTS.
ORIGINAL CHARTER 1329.
MUNICIPAL RAILROAD AND OTHER
Richmond Correspondents:
THE
BONDS.
John L. Williams & Son.
Chase National Bank
328 CHESTNUT STREET, PHILADELPHIA.
GALLATIN
Clearing I Sonne Building
Cap,&Surp., $9,436,000 Deposits, $63,345,000
A.
A. u. HEPBURN, President
II.WIGGIN,Vice-Pros. E. J.STALKER,Cashier
lHrecrort:■
Henry W. Cannon. ChulriLan. James .1. Hill
Oliver 11, l'ayne George K Muker John 1, Waterbury
Grant B. Hchley
A. Harton Hepburn
Albert II. Wtggin
George K. Maker Jr.
TIIE
FQUIFBIUNT OF THE
I'OITIITII
NATIONAL
BANK
GARFIELD NATIONAL
-
-
1 000 000
ARRANGED FOR 11ANDLING
OFFICERS
Samuel Woolverton, President
Til i<:
ESPECIALLY
BANK
Alexander H. Stevens, Vice-President
George E. Lewis, Cashier
! Howell T. Manson, Assistant Cashier
OF NEW YORK
National
DIRECTORS
Banking Association.
Aduiax Iselis Jit.
Chas. A. Pkabodt
FRKDKKIC W. STEVEX8
SAMUEL
H. STkVXNS
W. kNLMM UOiM'WMLY
CHAULXS U. TWMP
At UANDKk
MERCANTILE ACCOUNTS.
2,300,000
SI.000 000
Capital
Surplus
YORK
$1,000,000
Capital
Surplus A Profits (earned)
—CORNER NASSAU AND FINE
IS
OF THE CITY OF NEW
New York.
Founded in 1704,
—
NATIONAL BANK
BANK,
23(1 Street and Sixth Ave.,
OF THIS CITV OF NEW YORK
STREETS
Philadelphia.
New York.
Middendorf,Williams S: Co., Francis
Corner North &
511 Chestnut Street
7 Wall Street,
telegraph and telephone wires
Exchanges.
ACCOUNTS INVITED,
1
WOOLVWttOJI
l'HOMii DUMMY Jlk
[VOL.
THE CHRONICLE
II
LXXXIV
c.
nxihtvs and Drawers of
P.
WALL
fforeigti gscftawgc.
Morgan & Co., Maitland,Coppell & Co., Kidder,
Peabody & Co.,
YORK.
52
STREET CORNER BROAD,
WILLIAM
NEW YORK.
Bills of
PARIS.
STREET,
BOSTON.
issne Loans.
Cor.of6th & ChestnntStB. ^ Boulevard Haussmann,
PHILADELPHIA.
115 DEVONSHIRE
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
Morgan,Harjes& Co.
Drexel & Co.,
STREET,
NEW
Exchange, Telegraphic lranafers,
Better8 of Credit,
BANKERS.
ON
DOMESTIC AND T ORETON BANKERS.
Union of London Sc Smiths Bank,
-
And its Branches.
TRAVELERS'
LONDON.
LETTERS
LETTERS OF CREDIT.
British
Agents for the Bank of Australasia, the
Guiana Bank, Demerara, eUk, etc.
CO.,
-
FOREIGN EXCHANGE.
Banco Nacional de Mexico
ATTOBIUTB AND AGENTS OF
Messrs. J. S. MORGAN 6c
INVESTMENT SECURITIES.
Megars. Mallet Freres dkCie., Paris,
Cable Transfers. Circular Letters for Travelers
available in all parts of the world.
No. 22 OLD BROAD STREET,
Limited,
London,
Deposits received subject to Draft. Securities
bought and sold on Commission. Interest alio wed on
Deposits. Foreign Exchange. Commercial Credits.
CREDIT
OF
Available throughout the United States.
Brown Brothers &
Co.,
August Belmont & Co.,
BOSTON.
NEW YORK,
PH1LA.
59 Wall St.
BANKERS.
No. 23 NASSAU STEET.
Members of New York Btock Exchange.
Agents and Correspondents of the
Messra. ROTHSCHILD,
London, Paris and Vienna.
ISSUE LETTERS OF CREDIT
ALEX. BROWN & SONS, BALTIMORE.
CONNECTED BY PRIVATE WIRE.
Mems. N. Y., Phila„ Boston & Baltimore
Buy and sell first-class In¬
St’k Exch’s.
Investment
Securities.
vestment Securities on com¬
Receive accounts
mission.
of Banks, Bankers, Corpora¬
tions. Firms and individuals
on favorable terms.
Collect
drafts drawn abroad on all points in the
States and Canada; and drafts drawn in the
FOR
Transfers to EUROPE,
Execute orders lor the purchase
But end sell Billi of Exchange
and sale
of Bonds and Htocks.
and make cable transfers on all
Issue Commercial and
points.
Travelers’ Credits, available in
all parts of the world.
Cuyler, Morgan & Co.,
BROWN, SUIPLKY & CO., LONDON.
44 Pine
BANKERS,
Broad Street, New York.
No. 21
Letters of Credit to Travelers
Available in anv Part of the World,
Issue
DRAW
OF EXCHANGE AND MAKE
TRANSFERS OF MONEY TO
BILLS
TELEGRAPHIC
EUROPE, CALIFORNIA AND THE HAWAIIAN
ISLANDS.
Buy and Sell Investment Securities.
Cuba, and the
other West Indies, Mexico and California.
CERTIFICATES OF DEPOSIT
Letters
of Credit.
TRAVELERS,
Available In all parts of the world.
Draw Bills of Exchange and make Telegraphic
United
United
States on foreign countries, including South Africa
INTERNATIONAL CHEQUES.
J. & W. Seligman & Co.,
AGENTS AND CORRESPONDENTS OF
Seligman Brothers, London.
Seligman Freres A Cie., Paris.
Alsberg, Goldberg 6c Co., Amsterdam.
Anglo-CallfornianBk.,Lt.,SanFraiicisco
Street, New York.
BANKERS
SECURITIES.
INVESTMENT
TAILER&CD
33 Pine Street, New York
York
27 Pine Street, New
KESSLER & CO.,
BANKERS,
BANKERS
WALL STREET, NEW YORK.
Members of the N. Y. Stock Exchange.
54
INVESTMENT
Buy and Sell Bills of Exchange and
Cable
SECURITIES
Transfers
all
the
AND
SELL
Cables ”Mimosa”
Do a General Foreign and Domestic
Banking Business and issue Letters of
Credit, Bills of Exchange and Cable
Transfers.
Stock
TRAVELERS’
INVESTMENT SECURITIES.
Philadelphia: 507 Chestnut Street
STREET,
CEDAR
Members New York
Exchange; Execute Commission Orders.
Foreign Cable Service a Specialty
RAILROAD
STOCKS. BONDS AND INVESTMENT
SECURITIES. ACT AS FINANCIAL
AGENTS FOR CORPORATIONS.
Winslow, Lanier & Co.,
NEW
on
Principal European Cities.
ISSUE
COMMERCIAL
CREDITS, BUY AND
59
Mmoiid &€g.
EXCHANGE.
MEMBERS OF NEW YORK STOCK
Heidelbach- Ickelheimer & Co..
YORK,
BANKERS,
BANKERS.
37
Deposits Received Subject to Draft. Interest
Allowed on Deposits.
Securities
Bought ana Sold on
William
Street,
MEMBERS N. Y. STOCK EXCHANGE.
Execute orders for purchase and
Stocks and Bonds.
Commission,
Graham & Go.
sale of
BANKERS
Foreign Exchange Bought and Sold.
Kean,VanCortlandt&Co
Schulz &
Ruckgaber,
BANKERS,
11 William Street, -
BANKERS,
Chestnut Street,
607
Foreign Exchange, Letters ol Credit. issue Commercial and Travelers! Credits
available in ail parts of the world.
PHILADELPHIA
Government and
Municipal Bonds,
Securities of Railroads, Street
Railways and Gas companies
of
New York.
established
value
Members New York Stock Exchange.
80 PINE STREET,
Transact
a
Gorreepondente of Meesra.
Fruhllng & Uoscben. London,
Job. Keren berg, dossier & Co., Hamburg.
NEW YORK.
Marooard A Co.. Paris.
Brcwier Book. Thiele Dresdner Bank,
Foreign ana Domestic
Banking Business,
General
Bremen,
Act
Issue
..
& Travelers’ Credits.
Buy and Sell Bills of Exchange.
issne Commercial
as
Financial Agents
Foreign and Domestic Letters
Credit and Travelers’ Cheques
of
Cable Transfers and Investment Securities
Dealers in Investment Securities.
LawrenceTurnure&Co. MOSLE BROTHERS,
.
John Munroe & Co.y
No. 30 Pine Street, New
No. 4 Post Office Square,
York.
fiSoston.
Bankers,
50
Wall Street, New York.
Issue Circular Letters of Credit lor Travelers’ Use
Abroad Against Cash or isatislaetory
Guaranty of Repayment.
Deposits received subject to draft. Interest al¬
lowed ou deposits. Securities bought and sold on
commission. Travellers credits available through¬
out the United States, Cuba, Puerto Rico, Mexico,
lSxeliaujre
Central America and Spain. Make collections immd
issue drafts and cable transfers on above countries
on London, Paris,
/urfch and St. Gali.
Credits Opened
and
Merlin,
Payments Made by Cable
Paris House—MLNKOE A CO.
London
i
Bankers:
—
London J ehu-Jsiock
Bank, Limited.
Paris Bunkers:— Heine & Co.
16 & 18
EXCHANGE PLACE,
NEW YORK.
COMMERCIAL CREDITS,
FOREIGN EXCHANGE.
ATTORNEYS AND
MESSRS. KONIG
AGENTS OF
BROTHERS Bankers
LONDON.
m
THE CHRONICLE.
MAT 4 1907.]
gsmhers.
Sautters.
gtrokevw.
Wm. A.'Reacl &iCo.
BANKERS.
& Co.,
Lee, Higginson
Millett Roe &
BANKERS
3 Broad
Investment Securities.
New York.
Street,
Street, BOSTON.
44 State
Hagen,
Dealers in
CHICAGO OFFICE,
25
NASSAU
ST 18GET,
HIGH-GRADE BONDS
NEW YORK.
The Rookery.
43 State St.
203 C. German St.
BOSTON.
BALTIMORE.
205 La Salle St.
Exchange.
Boston. 10 Post Office Square.
Members New York and Boston
Stock
Members New York Stock
CH1CAQO.
Exchanges.
—T
Plympton,Gardiner & Co.
Members New York and Chicago
J. B. RUSSELL & CO.,
Members N. Y. Stock
Exchange
BANKERS
Stock
46 WALL
Exchanges
ST., NEW YORK,
DEALERS IN
New York
27 William St.,
SO Congress St.,
Boston.
332 La Salle St.,
Chlcngo.
Conservative
Investments.
Hiah-Grade Bonds
AND
Investment Securities.
Geo. P. Butler & Bro.
BANKERS
Safety Deposit Vaults for Use of Customers.
LISTS ON REQUEST
Member,:
V0*k,8t10<*
\ Chicago
Stock Exchange.
Railroad and other
(
Financial
Representatives of the Illinois Tunnel
Company.
Financial
Investment Securities
Representatives of the Automatic
Electric Company.
N.W. HARRIS & CO.
HANKERS
William
Pine Street, Corner
BRANCH OFFICES:
CHICAGO, ILL.
OARBONDALE, PA.
WILKES BARRE, PA.
READING, PA.
DAYTON, OHIO.
SCRANTON, PA.
BINGHAMTON, N. Y.
Receive deposits sabiect to
and
allow
Act
as
fiscal
palities
and
letters
of
check
balances.
agents for munici¬
interest
on
corporations.
credit
NEW YORK
35 Wall Street
NEW YORK
BANKERS
IsBue
deal
and
Goldman, Sachs & Co,,
In
43
EXCHANGE
Members of
YORK.
NEW
PLACE,
Execute orders tor
sale
of
37 Wall
New York Stock Exchange,
BONDS FOR INVESTMENT
LIST ON APPLICATION
Kissel, Kinnicutt & Co,
Stocks
Foreign and Domestic
purchase and
BANKERS
Bon da
and
Buy and Sell Foreign Exchange.
CABLE
ADDRh.cSi*
Street, New York.
BILLS OF EXCHANGE
"COLDNESS."
CABLE TRANSFERS
Blake Brothers & Co.,
50
84 State Street,
Exchange Place,
BOSTON.
NEW YORK.
Dealers in
NEW YORK
CITY
and other
MUNICIPAL BONDS.
Commercial Paper.
Investment Securities.
Members New York & Boston Stock
Exchanges.
Issue Commercial and Travelers*
Letters of Credit,
Available In all parts
BANKERS.
POINTS
of the world.
IN
lutreatment Securities
and Commercial Paper
DEALERS
INVESTMENT SECURITIES
H. B. HOLLINS & CO. N. W. HALSEY & CO„
Cor. of Wall and Broad Bts., New
Draw Bills of Exchange
Cable Translers te Europe,
tralia, the West Indies, Central
available in ail parts ot
BANKERS.
York.
and make BONDS FOR INVESTMENT.
Asia, Aus¬
Inte rest Allowed on Deposit Accounts.
South America and Mexico.
issue Letters of Credit lor
Rudolph Kleybolte&Co.
COLLECTIONS MADE ON ALL EUROPEAN
and
Travelers,
the world.
Fiscal Agents for Cities
and Corporations.
49 Wall Street, NEW
Philadelohia*
Chicago.
Y0BK.
San Francisoo
Zimmermarm. & Forshay,
BANKERS.
PHILADELPHIA
NEW YORK
DEALERS IN
MUNICIPAL, RAILROAD and
8TREET RAILWAY
BOND8.
27-29 PINE STREET, NEW
Interest Paid
on
YORK.
DailvandTime Deposits,
9 and 11 Wall Street,
Members New York Stock
Schmidt,
FOREIGN EXCHANQE,
'
INVESTMENT SECURITIES
27 WILLIAM STREET, NEW
Members N. Y. Stock, Cotton and
YORK.
Coffee r.'xchau^es
Exchange.
for Invest*
Orders executed for stocks and bonds
ment or on margin.
FOREIGN EXCHANGE
E. D. SHEPARD & CO.
Bought & Sold
LETTERS OF CREDIT ISSUED.
Parts of the World.
Cable Translers to all
BIRD S.COLER,
Member N. Y.Stock Exchange.
Stern &
New York.
LONDON
BOSTON
LEONARD H.HOLE.
W. N. COLER &
CO.,
BANKERS
59 CEDAR ST., NEW
C. B. VAN
NOSTRAND,
36 wall
antm,
YORK.
INVESTMENTS,
Investment Securities
IV
THE CHRONICLE
[VOL.
LXXXIV
Canadian ganfes.
BANK, The Union Discount Co. Bank
DEUTSCHE
of London, Limited.
BERLIN, W.
BEHREN8TRA88E 9
13.
TO
•AFITAL
39 OORNHILL.
347,619,000
M.
Telegraphic Address, Udlseo, Lsudem,
Capital Subscribed
97,300,000
Paid Dp.
900.000.000i
333,810,000
M. 100,000.000.
DlTUX«DB
PAID DURING
LAST TXN TIARA
10,10& 11, 11.11,11,1L 18,18.18
per Gent.
$6—91 STERLING.
NOTION IS HEREBY GIVEN that the RATES
OP INTEREST allowed for money on deposit are
aa follow!:
At
Branches:
BRMMKN, DRB8DEN, FRANK FORT-ON-M.,
HAMBURG.
MUNICH.
LE1P8IG.
NUREMBERG. AUGSBURG
WIESBADEN.
4 Georqe
Agencvt
Yard, Lombard 8t.
BANCO ALEMAN TRANSATLANTIC!)
-
-
-
-
UNDIVIDED PROFITS
.
.
$14,400,000.00
11,000,000.00
159,831.04
Head Office—Montreal.
Rt. Hon. Lord strathcona and Mount
Royal
G. C. M. G
Honorary President
Hon. Sir gkorgb A. Drummond K.G.M.G.Pre«ident
E. 8. Clouston.. Vice-Brest, and General
Manager
Call, 2fc Per Cent.
NEW TONE OFFICE:
No. 31
PINE STREET.
R. Y. HEBDKN,
W. A. BOG,
J. T. MOLINRUX,
CURIHTOPHEK H. EDUBNT, Manager.
FRENCH FINANCE CORPORATION
OF AMERICA.
1
J
-Agent*.
Buy and sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Trav¬
elers’ Credits available in any part of the
world;
issue drafts on and make collections in Chicago and
throughout the Dominion of Canada.
Sabscrlbed Capital
M. 90.000.000
34,761,000
Paid Up Capital
64,190,000
17,600,000
Reeerve Find
3698,000
M. 8,088,000
ffureigiL
ACT A8 FINANCIAL AGENTS IN FRANCE
FOR
AMERICAN
RAILWAY
CORPORATIONS
IN THE OBTAINING OF LOANS AND SALE OF
t
NEW
25
YORK,
Broad
ARGENTINA: Bahla-Blanca,Bell-Vllle, Buenos Aires,
Street.
PARIS,
9, rne Fillet-Will
The London City &
Midland Bank, Limited,
HEAD OFFICE*
5 Threadneedle Street, London, England.
Cordoba, Tueuman
Bolivia: l«aPaz, Oruro.
Ohhj : Antofagasta, Concepcion, Iqnlqne, Osorno,
Puerto Montt, Santiago, Valdivia, Valparaiso.
PRSU: Arequlpa, Callao, Lama.
VRVGDATi Montevideo.
SPAIN: Barcelona, Madrid.
lfwtoi A amts: Banco Mexloano de Comerslo e
St.
Market.
BERLIN.
Branchest
Office, No. 46 & 47 Threadneedle
F. W. Taylor, Manager.
Securities for the French
f
SECURITIES.
HEAD OFFIfCE
London
PnrcMaaers of First-Class investment
(Deutsche Ueberseelsche Bank.)
With Branches in all the Brincipai Cities andTowns
of England.
Telegr&phio Address: Cinnabar, London.
SWISS BANKVEREIN
ESTABLISHED 1836.
“
N
SUBSCBIBED
Industrie, Mexico.
Bills sent for collection, negotiated or
CAPITAL, $75,428,400
CAPITAL,
15,714,250
BESEBVE FUND,
15,714,250
PAID-UP
BASLE, ZURICH, ST. GALL,
advanced upon.
Drafts,
paid in
.
LONDON, E. C.
M.
CAPITAL
REST
At 8 to 7 Oars’ Notice, 244 Per Cent.
The Company discounts approved bank and mer¬
cantile acceptances, receive* money on deposit
at rates advertised from time to time, and grants
loans on approved negotiable seouritlee.
AND THX
Deutsche Bank (Berlin) London
[Established 1817.)
3,750,000
3,350,000
Reeerve Fuad...
RK8IRVE
Montreal
of
cable-transfers and letters
GENEVA, LONDON.
of credit issued.
E, H. HOLDEN, M.P., Managing Director.
London Agents.
Dxutbche Bane (Berlin) London Agency.
4 Gkobge
Yard, Lombard St„ London, E.C.
Capital, Paid Up
Surplus - - -
Fr.
Fr.
62,800,000 BOISSEVAIN &
94 BROAD (STREET,
14,280,000
NEW YORK.
Direction der
Members New York Stock Exchange.
Disconto-Gesellschaft,
Adolph Boissevain 6c Co.,
Amsterdam, Holland.
Established 1801.
BERLIN, w„
CO.,
TRANSACT A GENERAL BANNING
AND STOCK EXCHANGE BUSINESS.
BREMEN.
STINTBBUCXX 1
Berliner
FRANKFO RT-ON-M^
ROflBMABKTia
LONDON, E. a,
Handels-Gesellschaft,
NORTHGOTE,
Telegraphic Address, Disoontogx,
Berlin.
BERLIN, W.f
DUDLEY & COMPANY
BXHRXN STRABSB.
“
•
-
**
•
SB
COHNHTLL.
Disoontogx Fraotcturtmain,
bcbwolda Bremen.
SooNDiTa London.
Behrens trass *188-88
and
Frsmoslsehe-Strasse 48
49 Wall
Tstearap/iU AASrssst—Bond** shaft, Bartont
11
CAPITAL, fully paid,
$40,470,200
-
ESTABLISHED 1866
M. 170,000,000.
EESEBVE,
....
M.
37,390,611.
IKe
liability of
following partners:
A. SCHONLUB,
M. BCHINCKKL,
A Salomonbo hn
|
J. HorriR,
E. RETMBLL,
I
Capital,
-
Reierve,
-
807 Monadnock Bloc
Chicago.
FOREIGN FUNDS
$13,712,526 Banking Transaction! of Every
Descrlptien,
With the unlimited personal
Street, New York,
Poultry, Oheapslde
London, EL
M.100,000,000
M. 29,000,000
F. Urbig.
For Investment in tlie United State,.
Hong Kong & Shanghai
BANKING
CORPORATION.
Paid-up Capital (Hong Konc Currency). .$10,000,006
Reserve Fund,
j 1“ aifvw ^lO.’woloSo} ••
Reserve Liability of Proprietors
Brasilianische Bank
fur Deutschland.
The National Discount
CAPITAL
01
,
fur
Chile
Santos,
und
Deutschland.
CAPITA 1
01 10.000,000 00
HAMBURG. With branches in CHILI (Banco de
Chile A Aleaaacla); Valparaiso, '•antiago, Con
cep.
don, Temuco.
Antofavanta; and In BOLIVIA
(Banco o«s Chile a Alemanla, Secclon
Bollvlana),
Lapttz and Ororo.
The aho»e-narued bariKs. founded and represented
In Europe by (he
Direction der DtaconiO'-LIeaeJIecImtt,
Hvkun. Bremen. Frankfort o/M and Jajndon
N«r<i(i«ui»ilie Dank In Hamburg,
li am br'iw',
their service* f<.r every
of regular bank'HK transactions.
10,000 006
GRANT DRAFTS, ISSUE LETTERS OF
CREDIT, NBGOTI-
ATE OR COLLECT JULIA PAYABLE tS
CHINA, JAPAN,
PHILIPPINES, STRAITS SETTLEMENTS, INDIA, XTO.
WADE CARD’NElt. Agent, 50 Wall 8t.
10,000,000 00
Head Oilice: HAMBURG.
Branches: Rio dh Janki»'
Hao Paulo,
Porto Also re.
Bank
*0J50.00t
description
Company, Limited.
35 COHNHILL,
LONDON, E. C.
Cable Addrees—Natdle, London.
Subscribed Capital
Paid-Up Capital
931,166,095
Reserve Fund
4,33 *,335
3,000,066
($6—411 STERLING.)
NOTICE IS HEREBY GIVEN that the RATES
OF INTEREST allowed for money on deposit are
ae follows 1
At
Call, 2/2 Per Cent Per Annum.
or 14 Days’
Notice, 214 P. C.
INTERNATIONAL BANKING
CORPORATION.'" K7 ViS£—CAPITAL A
SUKPI.IJS, $0,500,000
Buy ana Heli Sterling ana ooutinenr ai Exchange and
Cable Transfers
Negotiate Draw or Receive
Collection Bill* on Point* in the
Orient
Is*ne Letters of Credit
Bra nchen at London. Bom hay, Calcutta, Singa¬
pore, Canton, Hong Kong,Manila Shanghai,
Kobe, Yokohama, han Francisco, city ok
Mexico. Washington, l>. c.. Panama, Colon.
foi
At 3 to 7
Approved bank and mercantile bills discounted.
Mossy reset ved on deposit at rates advertised from
tlms, and for fixed periods upon terms to be
time to
especially agreed
Loans
granted
upon.
approved negotiable securitise.
PHILIP IIA HOLD WADE. Manager.
on
H. SCHERER &
BANKERS.
CO.,
Csllectfsns, Foreign exchange und inventmen!
Heeurltlea.
MEXICO.
Mat 4
1907.]
THE CHKONICLE
©atradiati gaufes.
gatifcs and JSattkcm
THE CANADIAN BANK
OF COMMERCE,
BARING
HEAD OFFICE. TORONTO.
PAID-UP CAPITAL,
SURPLUS
&
CO.,
Mackay & Co.
BANKERS
$10,000,000
15 Wall Street, New York.
5,000,000
NEW YORK OFFICE:
Ns*. 10 AND 18 EXCHANGE PLACE,
Wm. Gray and H. B. Walker, Agents
LONDON OFFICE:—60 Lombard Street, BL C.
Bankers In Great Britain t
Buy and Sell Foreign Exchange.
Isaue Commercial and Travelers’
Letters of Credit,
Thb bank or England,
The Bank or Scotland.
Lloyds Bank Limited,
Onton or London and Smith’s Bank. Limited.
INVESTMENT SECURITIES.
Boy and 8ell Sterling and Continental Ex¬
change and Cable Trannlera, «'ora me rota 1
and Travelers* Credits. Collections made at
all points.
Agents and Attorneys for
Banking: and Exchange business of every
description t ran f acted with Canada.
Drafts, and
telegraphic ^transfers
the Bank’s branch It COBALT,
issued at lowest rates*
BARING
BROTHERS
&
Reserve
Fund,
,
.
....
C0„ Ltd.,
in
15 State
1840
94
Head Office:
5 Graceehuroh Stree* London, E. C.
/
Buy and sell Sterling and Continental Exchange
and Cable Transfers; Grant Commercial and
Travelers’ Credits available In any part of the
BROAD
CO.,
STREET,
HEAD OFFICE: MONTREAL.
„
GOVERNMENT,
JACKSON & CURTIS
96.000,000
INVESTMENT
1 Nassau
71 Branches Throughont
the
Dominion
Street,
H. W. POOR & CO.
19 Oongreis Street,
Boston
OREAT WINCHESTER STREET, LONDON.
England for American and
and Industrial Companies.
Trustees and Directors.
Alfred W, Smith era Chairman
Lord Welby. w. Li • dley, T. Reynolds—London
T. P. Fowler— Nno York
8. d. Loring,
)
S. D. LORING &
Montreal.
.
.
Bp*cl!U*
SON,
NEW YORK
BOSTON
33 Wall Street
33 Con.mss st
BANKERS,
5
The Association’s Agents in America and Can¬
ada are The Morton Trust Co. and the Bank of
INVESTMENT
SECURITIES
i
Homer Lorihg
CL Sidney Shepard, $
Acts as Agent In
Canadian Railway
64 Devonshire Street,
.
.
Boston.
Tucker, Anthony A Co.,
BANKERS A BROKERS,
INVESTMENT BONDS
S3 8TJLTJB STBSJET,
THOMAS LINDLEY, Secretary.
VAN
BOSTON.
OSS & CO..
THE
HAGUE, HOLLAND.
Place American Investments in Europe.
Tel. Address, Voco.
Codes. Harttield’a Wail 8t., VV. U. & Lleber.
AMERICA-BANK
New Orleans
Real Estate,
Securities
913 CAMP ST.,
Transacts
a
General
-
A. G.
Mortgage &
Company
NEW ORLEANS, LA.
CAPITAL PAID
llEKLIN: W. 64, BEHRBNSTR. 48
CAPITAL, IHk. ’45 Million*
HURPLUH, Mk. 4* Million*
IN, 9600,000
Dealer* In
special attention to the execution of all
Banking Transactions with the
The South
to-day presents the promise of
the greatest
H. AMY & CO..
and other American Countries
Letters
of
Credit
and
Cheques
Investment Securities
44
and 46 Wall St., New York.
INVESTMENT SECURITIES.
Foreign Conoloded
on
next gage
SIMON BORG &
Bills of
CO.,
BANKERS,
Members e/New York Stock
No. 20 Nassau Street,
•
Seckmnge.
New Yerk.
High-Crade
Investment
Securities
BERTRON, STORRS & GRISCOM.
BANKERS,
available In all parts
of the world; Interest on
Deposits, Foreign Exchange, Cable Transfers;
Exchanges.
industrial adeancetnent
UNITED STATES OF AMERICA
Travelers’
Members Boston aid Nsw Ysrk Stssk
Southern municipal Securities
and Real Estate Loans
Banking Business and
pays
86 WALL STUB*
STOCK EXCHANGES
New York
The English Association of American
Bond & Share Holders, Ltd.,
NEW YORK
MEMBERS NEW YORK AND BOSTON
SECURITIES
foreign
Corporation Bonds
67 MILK STRUCT
Quebec, Ontario,
NEW YORK AGENCY. *45 PINE STREET
Municipal, Railway
BOSTON
BANKEBS
3,674,596
Sovereign Bank of Canada
BANKERS
MUNICIPAL
and other
Manitoba. Saskatchewan, Alberta and British Co¬
lumbia. Good facilities for ecectiDg Dromut collec
turns in Canada
Buy and sell Sterling Exchange
and Caoie Transfers.
Issue Commercial and Trav¬
elers’ Credits, available in any part of the world.
London Agents—Royal Bank of Scotland,
The
Philadelphia
members Beaton Stock Exchange
AND
CHOICE RAILROAD BONDS.
M. Kumsay, Agent,
118 branches In the Provinces of
421 Chestnut St.
Boston
Geo. A. Femald & Co.
NE vV YORK OFFICE: 68 and 65 Wail St.
W
Congress St.
NEW YORK.
world.
Issue Drafts on and make Collections in
all parts of the United States and Canada.
Merchants’ Bank of Canada.
15
Street, Boston.
INVESTMENT SECURITIES.
New York Office: 52 Wall Street
H. M. J. McMICHAEL.'l Agents.
CAPITAL
Rest and Undivided Profits.
Nassau and Pine Streets
New York
on
01,000,000 Sterling
490,000 Sterling
W. T. OLIVER.
Members of the New York and
Boston Stock Exchanges. Deal
ers in Government Bonds and
other Investment Securities. In¬
terest
allowed
od
deposits.
Ontario,
Established in 1880.
Incorporated by Royal Charter
.
BANKERS
LONDON.
ESTABROOK &
The Bank of
British North America
BANKERS,
Paid-up Capital,
v
Exchange,
Letters 01 Credit,
BANKERS,
Laud Title
BnAidfus,
PHILADELPHIA.
INVESTMENT
40 Wall Street,
NSW Y9&X.
SEWftTOES,
[VOL.
THE CHRONICLE
VI
LXXXIV
gaubtxs and 'gvoUexs outside Hem %ovk
National Bank of Cuba
Havana, Cardenas
Cienfuegos Matanzas Santiago,
Manzanillo. Sagua la Grande, Caibarien, Guan¬
Plnar del Rio, Cama-
Santa Clara,
tanamo,
Cash—
PHILADELPHIA.
$4,135,064 83
$4,683,234 42
Bankers
548.169 59
Bonds and Stocks Owned—
Government Bonds
$2,585,135 82
new Tori Correspondents:
1,096,255 24
3,769,994
10,496.331
73,171
377 853
Other Bonds and Stocks..
88,603 33
Loans, Discounts, Time Bills, <fcc
Furniture and Fixtures
Bank Building
39
64
03
03
74,044 63
Sundry Accounts
$19,474,629 14
Total
Members Phlla. and New York Stock
Interest Allowed on Deposits.
112 So. 4th St. and 100-102 Girard Trust
Exchanges
Members of Phlla. & N. Y. Stock Exchanges.
{ATI?SiS"
Investment Securities
J
$5,000,000 00
500,000 00
a
263.735 22 $5,763,735 22
Undivided Profits
13.710.893 92
Deposits
$19,474,629 14
Total
a
Deduct $200,000 4%
able January
semi-annual dividend, pay¬
& CO.,
BANKERS.
BANKERS.
Garner Chestnut and Third Sts.,
RANKERS AND BROKERS
LIABILITIES.
Capital
Surplus
(PHILADELPHIA STOCK EXCHANGE
NEW YORK STOCK EXCHANGE
CHICAGO BOARD OF TRADE
DEALERS IN HIGH-GRADE UNLISTED
and inactive listed bonds
FOB
INVESTMENT PURPOSES
Investment Securities
Broadway
62
131 Sevth 6th Street
Private
NEW YORK
PHILADELPHIA
Bldg
PHILADELPHIA, PA.
Battles, Heye & Harrison! J- W. SPARKS
1
Co.,
BANKERS <fc BROKERS
321 Chestnut Street*
ASSETS.
City of Havana Bonds
Ross, Morgan &
BANKERS.
GENERAL BALANCE SHEET DECEMBER 31 1906.
In Vaults
Banks and
& CO.,
CLARK
E. W.
Cuba.
Havana
Street,
Galiano
guey,
PHILADELPHIA
PHILADELPHIA.
Wires, N.Y., Pittsburgh, Chicago
1, 1907.
United States Depositary in
JOHN H.McQUILLEN & CO.
Cuba.
Depositary for the Funds of the Republic of Cuba.
Members Philadelphia Stock
BenJ. C. Warnick & Co.,
Syracuse Rapid Transit
BANKERS & BROKERS,
of
Bank
Havana
141 South 4th
Street,
Philadelphia, Fa
-
Exchange
Stocks and Bonds
Dealers In
of
dent
Send for our
Banks
American
104 South 4th
HIGH-GRADE RAILROAD AND OTHER
CORPORATION BONDS AND 8TOCK.
Acts as Cuban Correspon¬
UNITED STATES DEPOSITARY
Circular.
W. G. Hopper,
H. 8. Hoppub,
Members of Philadelphia Stock Exchange.
Wm. G.
Accountants.
28 South Third Street,
Philadelphia.
Investments receive our special attention.
mation cheerfully furnished
regarding
holdings or proposed Investments.
ROSS BROS Sb
Infor¬
present
MONTGOMERY
London Correspondents.
Purchasers of First Class Investment Securities
for the British and Foreign Markets.
39 Lombard Street,
Hopper & Co.,
8TOCK AND BONO BROKER8,
LYBRAND,
D. M. MASON & CO
PHILADELPHIA
Street,
Certified Public Accountants
Land Title Building
PHILADELPHIA.
LONDON. E. C.
Jordaan Cohen & Wennink,
Iftuaucial.
(Pennsylvania)
Wall Street Exchange Building,
NEW YORK.
A. B. Leach & Co
Wilkinson, Reddtt, Williams & Co.
♦
t
BANKERS,
CERTIFIED PUBLIC ACCOUNTANTS
BANKERS.
52 Broadway,
New York
Special Department for Bank Examinations under
the management of a National Bank Examiner
of many years’ experience.
PARIS.
NATIONAL
BANK
Broadway, NEW YOBK
146 Dearborn St.,
LOOMIS. OONANT & 00.
jankers.
FIRST
149
28 State St.,
CERTIFIED PUBLIC ACCOUNTANT8
SO Bread Street New Yerk.
421
Tel, 4068 Broad.
CHICAGO
BOSTON
PHILADELPHIA
Obeetnnt St.,
OF MILWAUKEE.
UNITER
STATES
DEPOSITARY.
Capital and Surplus, $2,600,000
OFFICERS:
Fused Togul
jRy Pres.
JAMES PARK & 00.,
CERTIFIED PUBLIC ACCOUNTANTS
Hsnry Klous, Cashier.
J. W. Ladd
C. E. Ladd
W. M. Ladd
LADD & TILTON
BANKERS
PORTLAND
•
Established 1859
Transact
Savings
a
OREGON
7 Wall
ROSE & CO.,
HOW,
SECURITIES.
YORK
Chicago & North Western Scrip
financial.
Department
BOUGHT AND SOLD
Savings books iB>-ued on Savines Deposits
Iuterest paid on Time Deposits
NEW YORK CITY
BONDS
AMD
ALL
new
MARKETABLE
UNLUZIh
SEOUKITUES.
20 Broad Street
-
-
CO.,
I SCHMIDT & GALLATIN
issue
Members N. Y. Stock Exchange
j
4% REGD. GOLD BONDS
MATURING
W. E. R. SMITH &
NOV
T. W. STEPHENS & CO.,
2 Wall
FINANCE CO.
35 WALL
CHICAGO
JOS. B. MAYER, President,
We will Purchase or Finance Electric
Lighting and Oas Properties
LARGE PROPOSITIONS PREFERRED.
New
YorM
City Rank:, Trust
Fire Insurance Stocks
43 Exchange Place
-
-
NEW TORE
MAX B. BORG & CO.
PRIMROSE & BRAUN,
Railways,
ST.,
1st Nat. Bank Bldg.
Continental Building.
11 Pine Street
SAUNDERS & JONES
Connecticut Traction Bonds
Street, New Yerk.
BALTIMORE
111 BROADWAY
Tel. No. 8260 Reotor
1956
New York.
TRACTION. GAS & ELECTRIC
St., New York.
Railroad, Street Ry., Gas & Elec. Light
Certified Public Accountants
56 Pine Street
NEW
Telephone 4961 John.
General Banking Business
Bank
HQDENPYL, WALBRID6E & CO.,
52 Broadway, New York.
189 LaSalle Street, Chicago.
Wm. Bigelow, v.-Pres.
Oscar Easton, AsLCash.
Fun. T. Goll, V.-Pres.
K. J. Hughes. Ass’t Cash.
a. W. Book. Ast.Oash.
W. C. HAAS, Mgr. If orelgn A Savings Dept.
-
KiieaHaimms Bonds
mmm.
NEW YOIK
and
Curb
Securities
A SPECIALTY.
20 BROAD ST.
NEW YORK.
9806 RECTOR.
THE CHRONICLE.
1907.]
■■■'-—11
■
• =
'
■
JU.Y 4
= =
1'
=
■
■■
1
4
Satrttevs and %vaktvs outside Item Dtaefc.
BUFFALO.
JOHN
MEADOWS, WILLIAMS & CO.,
ESTABLISHED 1863
ROBINSON
Broker.
Banker and
INVESTMENT SECURITIES
DEALERS IN
Street
BUFFALO, NIAGARA FALLS AND
Railway Issues
a
Member Louisville stock
OTHER LOCAL SECURITIES
New York
Specialty
MEMBERS OF
NEW YORK AND
PITTSBURGH STOCK EXCHANGES
Exchange
Correspondent, MILLER A CO.
Wood and Diamond
Established 187L
BANKERS AND BROKERS.
Investment Securities
INVESTMENT BONDS.
BONDS.
SECURITIES
Specialty.
Correspondents. EX. NORTON A CO.. N. Y.
STREET
Whitney, Stephenson & Co.,
STOCK
RAILWAY
WOOD
INVESTMENT SECURITIES-
Building.
Municipal and Corporation Boudu
C New York Stock Exchange.
Members! < Rochester Stock Exchange.
BIRMINGHAM. ALA.
(Chicago Board of Trade.
BANKERS
Daily Lists Mailed on Application.
STOCKS
Steiner
BANKERS
Birmingham.
■
■
Alabama.
Investment Securities.
BONDS
LOCAL STOCKS AND BONDS.
York Office}
11 Wall Street.
MICH.
New
GOULDfNG MARR,
CO.,
ESTABLISHED 1850
MILWAUKEE,
-
•
NASHVILLE, TENN.
Telephone and Street Railway
Securities.
INDIANAPOLIS
NASHVILLE,
&
Sons.
-
TENN
-
STOCKS
CO.,
AND
BONDS
INDIANAPOLIS
NEWTON TODD
BOSTON.
ADAMS
Fletcher Bank Building, Indianapolis.
AUGUSTA.
John W. Dickey,
AUGUSTA, GA.
SOUTHERN SECURITIES.
Correspondence Solicited
Municipal and Corporation
.
Securities Co.
James 8. Kuhn*
L. J>. Dl’Clelland,
President
Sec. & Treas.
PAID-UP CAPITAL.
§300.000
SOUTHERN.
MOTTU
&
CO.
BANKERS AND
BROKERS
COMPANY
&
7 CONGRESS ST.
BOSTON.
BONDS FOR INVESTMENT
Hugh MacRae & Co.,
BANKERS,
Dealer* In Southern Investment Se¬
curities of Every Description.
WILMINGTON, N. C.,
New York Office. 40
Wall <fc 37 Pine Sts.
AND
WASHINGTON, D. C.
408 Colorado Building.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BONDS
Bought
WILLIAM E. BUSH,
SECURITIES,
AUGUSTA, GA.
W
and
CLEVELAND. OHIO.
AND
RICHMOND. VIRGINIA.
Sold.
J. HAYES &
Davenport &
Co.,
BROKERS,
BANKERS
SONS,
BOSTON, MASS.
PROVIDENCE
Established 1860.
Correspondence solicited and Information fur¬
nished about Southern State. Munloipal and Rail¬
road Investment Securities.
Reference—Bank of New York. N. B. A.
BALTIMORE.
William Wilson 4b Sons.
Established 1802.
SOLICITED.
ATLANTA
JONES,
ATLANTA, GA.
SECURITIES, NEGOTIATIONS.
BONDS
<NO STOCKS)
BROKER,
DARWIN G.
PITTSBURGH.
Columbia Bank Bid*.
NORFOLK, TA.
MEMBERS BOSTON STOCK EXCHANGE
CORRESPONDENCE
Co.9
Pittsburgh Stock Exchange.
INVESTMENT SECURITIES.
_
TRACTIONS AND
LOCAL STOCKS AND BONDS.
INVESTMENT
&
Members
NASHVILLE, TENN.
Members Indianapolis Stock Exchange
Bldg.
W. «T. Black
6% REAL ESTATE BONDS 6%
THOS. PLATER &
Investment Securities
American Nat. Bank
Harbison-Walker Go. 5s, 1916
Harbison-W&lker Refractories Oo. 5s ,’22
of Pittsburgh* Pa.
LANDIS BANKING CO.,
WISCONSIN
Joseph T. Elliott
Taylor & Company
348 Fourth Avenue, PITTSBURGH
INVESTMENT
NASHVILLE STREET KY. SECURITIES
CUMBERLAND TELEPHONE STOCK
CORPORATE
&
BOND HOUSE OF
r
BONDS M™I-PAI‘
Avenue,
PITTSBURGH. PA.
We Bay and Sell
Dealer in
R. M. FRIEND
a
240 Fourth
NASHVILLE.
MILWAUKEE
CHAS. SCHLEY
Brothers,
BANKERS AND BROKERS.
Municipal and Corooration
CHA3. SCHLEY
EXCHANGE,
specialty of all the Securities of
great Pittsburgh District.
H. P-
BONDS.
AND
-
We will Buy
MOSS & COMPANY
Union Trust Bld&r.. DETROIT.
the
BROKERS,
AND
Birmingham, Alabama.
DETROIT. MICH.
W. E.
We make
HALL,
STOCK
MEMBER PITTSBURGH
Otto Marx & Oo.
SPECIALISTS ROCHESTER SECURITIES
..
Pittsburgh Members N. Y. Stock Exchange
ROBERT C.
LOUISVILLE. KY.
BONBRIGHT & HIBBARD
100 Powers
Oldest
BOWEN,
&
BROKERS,
FRICK BUILDING.
A
ROCHESTER. N. Y.
Sts., PITTSBURGH
PITTSBURGH, PA.
LOUISVILLE, KY.,
BUFFALO. N. Y.
BROS.,
Bankers,
J. J. B. HILLIARD & SON.
GEORGE R. TELLER,
—
DUNLAP,
L.
LOUISVILLE. KY.
MEMBERS NEW YORK 8TOCK EXCHANGE
Local Stocks.
PITTSBURGH.
LOUISVILLE.
Richardson & Clark.
BANKERS,
25 Exchange Street,
Providence, R. I.
Transact a general banking business. Bonds,
8took* and Local Securities. Private wires to
New York, Boston
and Philadelphia.
Wilson, Colston <6 Co.
Established 1867.
Wilson, Colston & Co.,
Members of Baltimore Stook Exchange,
BANKERS.
316 E. Baltimore Street, Baltimore.
Investment and Miscellaneous Securities a
specialty, and whole issues handled. Exceptional
facilities for dealing In all classes of Southern
Bonds. Loans on Collateral Securities negotiated.
TUI
THE CHRONICLE
[VOL
LXXX1V,
gaukevs and grokers outside 3Jeu> ^Jork.
CINCINNATI.
CHICAGO.
ST. LOUIS.
Frazier
WEIL, ROTH & CO. Bartlett,
&
CINCINNATI
DEALERS IN
Carrington,
MEMBERS:
NEW
l90ti
139
MON HUE
New York Stock Exchange.
New York Cotton Exchange.
New York C-ollee Exchange.
New York Prodvce Exchange,
Chicago Htock Exchange,
Chicago Uoar«l
ol
AND
OHIO.
-
We have at all times lar^e
amounts of Hitrh Grade Muni-
William E. Sweet 6l Co.,
cioal
and
Corooration
BOSDS
are
GROUND FLOOR EQUITABLE BUILDING
suitable tor the investment
of trust funds and would alwavs
be available
SEATTLE. WASH
as
collateral.
Cor
ST. LOUIS
members New York Stock
Exchange,
St. Louts Stock Exchauge,
Chicago Stock Exchange.
Investment Securities.
respondence invited.
W. B. McKeand & Co.,
PRICE,
The Rookerv
Banker Sc Broker,
Municipal
Bonds
yielding from 4% to 5%, which
Municipal and Corporation
E.
Investment Securities.
214 N. 4th Street,
DENVER. COL
JOHN
DEALERS IN
FRANCIS, BRO.&CO.
DEALER
-
Chicago Stock Exchange.
j St. Louts Stock Exchange.
( Chicago Board ot Trade.
Trade,
EDGAR FRIEDLANDER
BROKER
New York Stock Exchange.
)
St. Louis Merchants Exchange,
I02H.
CINCINNATI,
St., NEW YORK.
(STREET,
CHICAGO, ILL.
Due July 1. 1930-
Price
Slaughter
& Co.,
BROKERS,
Members:
STOCK
Barney & Smith Car Co. 5% 1st Mtge. Bonds
Dated
July 1
1 Wall
uikeh.
1
A. O.
Members!
ISSUE
St. Louis.
NEW YORK STOCK EXCHANGE
CHICAGO STOC* EXCHANGE,
CHICAGO BOARD OF TRADE.
OHIO.
-
-
SONS,
410 and 412 Olive Street.
Bonds and Stocks of Ohio
Companies.
CINCINNATI,
Chicago.
and Corporation
WHITAKER
&
BONOS
BANK
CO.,
Investment Securities
STOCKS
PORTLAND, ORE.
A. G. Becker &
PHILADELPHIA
Municipal and Corporation
Co.,
Special Attention
(INCORPORATED.)
MORRIS BROTHERS
PORTLAND
&
tS
BROAD STREET
NEW YORK.
WESTERN UNION BLDG. CHICAGO.
pkivai>
INVESTMENT BANKEltS
EDWARDS
STOCKS AND BONDS,
BONDS
CO.,
G.
STOCKS AND BONDS,
GRAIN AND PROVISIONS.
Municipal and Corporation
W. E. HUTTON &
A..
COMMERCIAL
PRlVAiE WIRES TO
PRINCIPAL markets
PAPER,
S, W. Cor. Monroe & La Salle Sts.,
Chicago.
to St. Louis Securities
300 N. 4th ST.
ST. LOUIS
BONDS
PACIFIC
COAST
MINNEAPOLIS.
SECURITIES A SPECIALTY
WELLS
AND
CEO.
Commercial
H. P.
WM. R. STAATS CO.
CALIFORNIA M1JN1* IPAL,
SCHOOL AND CORPORATION
BONDS
TO
J. STILSOW
municipal and Corporation
BOYDS
Monthly OUninqs
Kansas
f K. C.
dealers
,Si
i
NEW JERSEY
SECURITIES,
15 EXCHANGE PLACE
Telephone 751.
JERSEY CITY.
Cleveland
Investment Securities
CLEVELAND, O.
PROVIDENCE.
ALBERT P
MILLER Jr.
INDUSl RIAL TRUST CO
City. Mo,
Ry. & Light Securities
Local Bank Stocks
( Kan5 & Mo Mumcnal Bond?
OTTO JULIUS MERKEL
BROKER
44
AND
46
WALL
ST..
NEW
YORK
INVESTMENT SECURITIES.
Correspondence Iuvited
BUILDING
PROVIDENCE, R. I.
Local Securities
Gas, Electric Lighting & Railway
Bonds and
K-TABLISHKD 18-9
Hem on Request
JERSEY.
CASE,
-
Specialty
CO&PANY
SECURITIES,
EDWIN R.
Garfield Bull dins,
Citizens Building.
a
ORTHWEIN, McCRUM lNVEsmENI
CO.,
LOS ANGELES
MINN.
-
Wright Id vestment Co. Hayden, Miller & Co.
MEMBER LOS ANGELES STOCK EXCHANGE
NEW
-
Missouri and Kansas Securities
PASADENA
INVESTMENT
BONDS
Investments.
Established 1885
6 PER CENT
LOS ANGELES
FIELDING
LANE,
and
KANSAS CITY. MO.
LOS ANGELES, CAL.
4
Paper
MINNEAPOLIS.
uh
Adams-Phillips Co.
NEI
B
PUBLIC SERVICE CORPORATION
EAST
Correspond with
TO
MUNICIPAL
MUNICIPAL and COUPOllATION
and Corporation
THEY PAY A BETTER RATE OF INTEREST
THAN BONDS OF THE SAME MERIT ISSUED
THE
EMERY, ANDERSON & COMPANY
BONDS
CALIFORNIA BONDS
IN
CLEVELAND.
DICKEY CO
MINNEAPOLIS, MINN.
LOS ANGELES.
Manlclpal, School District
&
Stocks
MONTGOMERY.
A.
Strassburger,
Southern Investment Securities.
MONTGOMERY, ALA.
Mat 4
IX
THE CHRONICLE.
190T.J
lew Hortt Jtuocfe gsctmttge Rouses
T. A.
A. O. BROWN A
JOHN F. HARRIS.
)
h. r. winthrop,
> General
T. X. CUNNING*AM)
J. a. ripley,
McIntyre & Co.,
Partners
Special Partner
71 BROADWAY
MEMBERS:
New York Stock Exchange,
New York Cotton Exchange
New Orleans Cotton Exchange
Members New Tork Stock
Members of New York and Chicago Stock
Exchanges
Miscellaneous Securities
in all Markets.
BANKERS AND BROKERS,
NO. 10 WALL STREET,
Interest Allowed on
Robert H. Alien.
100
527 CHESTNUT ST.,
Exchanges
Detroit. Mich.
Erie, Pa.
Utica, N. Y.
Montreal, Can.
HARRIMAN& CO.,
BUILDING, NEW YORK
TRINITY
BANKERS AND BROKERS,
Transact a General Banking and Stock Exchange
Business. We make a specialty of
BRANCH OFFICE, NIGHT& DAY BANK,
527 FIFTH AVENUE.
Newport Office: Audrain Building.
M. KIDDER & CO.,
BANKERS,
18 WALL STREET, NEW YORK.
Established 1865.
MEMBERS OF NEW YORK STOCK EXCHANGE.
deposits snbleot to sight check.
and sell on commission st >*JJ£8 and bonds, and
Buy an
ileal in
RAILROAD BONDS
GUARANTEED STOCKS.
Members
CHARLES FEARON &
N. Y. Stock Exchange.
00.,
BANKERS,
PHILADELPHIA
STOCRS-BOXDS
1
Knox,
P. J. GOODHART &
NEW YORK
Telephone 2240 Rector
Orders Executed on All Leading
Stock Exchanges,
Members :
CO.,
Exchange
New York
30 Broad Street,
-
-
Wallace & Co.,
Members N. Y. Stook
Bankers
57 BROADWAY
Syraouse. N. Y.
Schenectady, N. Y.
Troy, N. Y.
24 Broad Street. New York.
New York
Broadway,
Dayton O.
Allow Interest on
ALLEN, McGrRAW & 00.,
Newburger, Henderson & Loeb,
Members of the N.Y. and Phila. Stock
Stanley D. MoGraw
William M. Vance.
Deposits Subject to Check
Scranton, Pa.
St. Louis, Mo.
Buffalo, N. Y.
Cincinnati, O.
Cleveland, O
PRIVATE WIRES TO PRINCIPAL CITIES
Members N. Y. and Phila. Stock Exchanges.
Orders for Stacks ano Bond* executed upon all
Kxchauces in thiB couuny and Eu ope.
Especial attention given to supp'yinar high class
1NVESTMENT SECli RIT 1ES
Williamsport. Pa
Wilkesbarre. Pa.
Investment Securities.
Telephones 4255-4*66-4857 Rector.
JOHN H. DAVIS & CO.,
OFFICES
Flatiron Building, N.Y.C.
2 East 44th St., N. Y. C.
Telephone 3070 J ohn.
PRIVATE WIRES TO PRINCIPAL CITIES.
Tel 5555 Bro
Postal Telegraph Bldg
BRANCH
No*. 84-86 WALL ST., NEW YOBK.
CORNER WALL.
8TREET
1 NASSAU
sad
IN
Waldorf-Astoria, N. Y. C.
C. I. HUDSON A CO.,
Exchange.
DEAL
Railway Exchange Bldg.
PRIVATE WIRES
EFFINGHAM LAWRENCE & CO.
Get tea
CHICAGO, ILL.
240 La Salle Street
CHICAGO
25 Pine Street
NEW YORK
Robert H. Simpson
and
Board of Trade
Cleveland Stock Exchange-
I^rlvate wires to principal cities.
Exchange
Chicago Board of Trade
Chicago Stock Exchange
Brandi Offices, 516 Fifth Avenue
Delmonlco’n and 305 Broadway
BmngMam Lawrence
Stock
York
MISCELLANEOUS SECURITIES
IN ALL MARKETS
MEMBERS
CORRESPONDENCE SOLICITED
New
Chicago
Stocks, Bonds and Grain
New York Stock
Orleans
the
STOCK8, BONDS AND
Direct wire connection Boston.
New
of
Exchange*.
Harris,Winthrop& Co
Liverpool Cotton Association.
New York Coffee Exchange,
New York Produce Exchange
Chicago Board of Trade
Chicago, and
Member*
DO.,
BROAD STREET
30
| Transact a
General Commission and
Investment Business in Securities
326 Walnut Sit., Cincinnati
{ Pnlladelphla
888 Chestnut St.,
-
stock Exchange
PHILADELPHIA
Henry f. Taylor
J as. Lokimer Graham
Wm. 8harp Leooett
GRAHAM, TAYLOR & CO.
Bank and Trust Co. Stocks
Successors to
W.
LADD & WOOD,
Members New York Stock
$ Ne w York Stock Exchange
H.
Goadby & Co.,
BANKERS AND
NO.
Exchange,
BROKERS,
BROADWAY.
74
NEW
YORK.
NEW YORK
18 WALL STREET.
Branch Office.
Troy N. Y.
MEMBERS NEW YORK STOCK
R. T. Wilson &
BANKERS
7 WALL STREET.
i
COMMISSION
&
33 Wall Street
Co.,
MERCHANTS
New York.
H. G.
EXCHANGE
Edwin P.
tlXNBY G. CAMPBELL,
INVESTMENT SECURITIES.
dk CO.,
8. F. JOHNSON
Campbell,
Campbell & Co.,
11 Wall Street, New York.
MEMBERS NEW YORK STOCK EXCHANGE,
Securities Bought and Sold on Co—•
Wilson, Watson & Herbert,: ex. NORTON 4CO.,
Members N. Y. Stook Exchange,
Orders Executed for Cash or on
Margin.
&a Pied—n«w re*—» New Uriu
Ex-Mo—, lium NY. Steak Kx. Quo. F. Norton
IN VEST MORN T
SECURITIES
INTEREST ON BALANCES.
Hanover Bank
Howard
NEW YORK.
Bldg.,
Lapsley & Co.,
15 BROAD STREET, N. Y.
Transact
A X’OCNTS
OF BANKS A BANKERS SOLICITED.
WEBB
&
Ohioago.
Branch Office, 500 Fifth Ave.
Wm. Fahnestock, Memo.
T. j. MuuroRD,
N.Y. Stook Ex.
R. B. Dodson.
Fahnestock &
Co.,
2 WALL
SECURITIES.
STREET.
INVESTMENT
SECURITIES.
41 NEW STREET.
Members N.
BROADWAY, NEW YORK
41-43 Wall St.
43-49 Exchange
PI.
NEW YORK
) Certified Pubic
DAVIS,Secy.$
ACCOUIltantS
perley morse
Orders Executed for Cash or on
INVESTMENT
SECURITIES
Y. Stock Exchange.
Margin
29 WALL
STREET AND 3 BROAD STREET
Barclay Bldg., 299 Broadway
Hotel Empire. 63d Street and Broadway
Fas. H. Olipbant & Co.,
STANDARD AUDIT DO.
BANKERS AND BROKERS,
HENRYC
& CO.,
quotations furnished.
BRANCH OFFICES
74
Pre*
Telephone 2269-8270 Broad
R. J. JACOBS
53 STATE STREET,
Members N. Y. Stock Exchange
BROKERS AND DEALERS IN
INVESTMENT
BROKERS,
STREET,
Chas. Fairchild & Co.,
CO.,
INTEREST ALLOWED ON DEPOSITS.
Private Wires to Cincinnati and
STOCK
r WALL
and
General
Banking and Stock
Exchange Business.
a
Parkinson & Burr,
NEW YORK.
BOSTON.
Members of New York*and Boston Stock Exchanges
Private wire between the two offices,
information given in regard to all Boston Securities
I
a—'W—
mission.
*J. G.
BON»S
LOANS
BANK AND TRUST
COMPANY STOCKS
Zachry & Co,
BANKERS, 46 Wall St., NewYsrk
20 Broad Street,
.
.
New York.
Telephone No.866 Rector
FLOYD W. MUNDY
JAS.H. OLIPHANT
Alfred l. norrjs
j. norris oliphant
Members New York Stock Exchange.
J. S. & R. D. FARLEE,
MEMBER8 NEW YORK STOCK
EXCHANGE.
BROKERS AND DEALERS IN
INVESTMENT
SECURITIES
11 WALL STREET,
MEW YORK
X
THE CHRONICLE.
[VOL.
LXXXIV.
©ttrveul Jkrad Inquiries
Maryland Delaware & Virginia 1st 5s, 1955
Ogdensburg & Lake Champlain 1st 4s, 1948
Mobile Jackson & Kansas
City 5s, 1953
Rock
TO YIELD OVER 5 30%
Interest guaranteed
unconditionally
BY
Chicago Rock Island
Birmingham 4s & 5s, 1945
& Pacific
(Old Company)
Terre Haute & Peoria 1st 5s, 1942
ALL STEAM RAILROAD BONDS
DfcALT
IN
BANKERS
BY
Telephone
25 Broad Si„
New Yerk
<•
3045 Broad
J. USMAN & COMPANY,
SPECIALISTS
IN
STEAM
NEWBORG & CO.,
RAILROAD SECURITIES
Members N. -Y. Stock Exchange
30
BROAD
44 Sc 46
STREET, NEW YORK.
BROADWAY) N. Y,
45 NEW STREET.
Land Title & Trust Co.
Building PHILADELPHIA
169 East Jackson
Boulevard, CHICAGO
404 Connecticut Mutual
Members New York stock exchange.
Building:, HARTFORD
Short-Term Notes
New York
Buffalo & Southwest 5s & 6s
Peoria & Pekin 4J^s
Wabash 4^% notes, 1910
Central RR. of New Jersey 5s
C. R. I. & Pacific Generals
A
A. LISMAN &
Tel. 5950-1-2 Broad.
Wabash New 4s and
30 Broad Street
Southern
Railway Cons, 5s
Georgia Pacific 6s
Jersey 5s
New Yoik &
Long Branch 4s
CO.,
Telephone; 6745 Broad.
WANTED.
Southern Pacific 2-5 4%s
Houston & Texas Central 1st 5s
CHESAPEAKE & OHIO RY.
Due
PRICE
ON
Lincoln &
•
Bonds
•
for
Atchison Rights
Central of Georgia 1st incomes
U. S. Printing Company
1946
APPLICATION
Company
Trustees,
Wadsworth &
18 WALL ST
Executors
BONDS”
with
Comparative
useful book for Bond
on
and
2 Wall Street.
Tables—
Flint & P.
New York & Jersey, 5s
Pere Marquette Ref. 4s
4s
Pennsylvania Coal & Coke
Rhoades
5s
Norfolk & Western Divisional 4s
BECKER &
7 Wall
STERLING,
Rector.
BAKER, AYLINC
&
Company,
Members N. Y. Stock Exchange
Oregon R.R. & Nav. 4s, 1946
Reading Impt. 4s, 1947
C. B. & Q., Neb. 4s, 1927
Cin. Day. & Iron. 5s, 1941.
Phila. &
Iron Mt. 5s, 1931
Penna. Notes 5s, 1910
COFFIN
Telephone 1135 Hector.
&
34
&
COMPANY,
COMPANY
Pine Street,
Tel.
New York.
6100-1-2-3-4-5 John.
Amer. Light & Traction Co. stocks
Denver Gas & Electric Co. stock
Denver Gas & Electric Co. bonds
Denver City Tramway issues
Tri-City Railway & Light Co. stocks
Tri-City Railway & Light Co. bonds
TOBY &
LAMARCHE,
St.,
26 Broad
Lighting
St., Corner New St.,
NEW YORK.
T«i ••5-088—987
Coble Adi.' Seekster/’
18 Well St.. New Yerk
OFFER
Marquette 6s of 1920
Buff. Roch. & Pitts, gen. 5s of 1937
Chesapeake & Ohio 1st 5s, 1947
Lake Shore Debentures, 1931.
request.
Cuban Government Internal 5s
Telephone No. 5430-1-2 Broad
Wright,
NEW YORK.
Steet, New York.
BONDS
Buyers— sent
Chicago <k Western Indiana
25 Broad
Members New York Stock Exchange
Private Investors, yielding 4% to 5 y2%
Our Copyrighted Book “MATURING
a
Members New York Stoek Exchage.
New Atchison convertible 5s and
4s
INVESTMENT BANKERS
Har tshorne, Bogert & Battelle,
BUY AND SELL
CREEK BRANCH
1st Gold
International Coal & Coke Stock.
Indianapolis & Vincennes
Walker Company, 6s
Equitable Building, New York.
POTTS
Cable Addrees:
“
NBWROSE.”
Central of New
BORDEN
Scrip.
Deal in Bonds, Stocks and Investment
Securities and transact an
arbitrage
business with the principal
European
stock markets.
New York
25 Broad St.
&
City Bonds
Allls-Clialiners 5s, 1936
LIBBEY & STRUTHERS
Specialists in Uncnrrent Issues.
PROCTER
Ry.
Sinking Fnnd retires principal
Oregon & California 5s, 1927
New York & Jersey 5s, 1932
G. W. Walker A Co.
AND
F.
System
Consolidated Indiana Coal
1st S’k’g Fund 5s due 1935
Toronto Hamilton & Buffalo 4s, 1946
Toledo Railway & Terminal 4^s, 1954
Flint & Pere Marquette 5s, 1939
Mobile &
Island
New York
Traction Securities
A Specialty
and
Savannah Electric 5s
City of Austin (Texas) 4s and
Lake County (Colorado) 4s
Naumkeag St. Railway 5s
Lynn Belt Line 5s
5s
Swift 5s
Dealers In Unlisted Inactive Stocks and Bonds
F.
W.
MASON
&
CO.,
53 State St., BOSTON, MASS.
Investment Bonds
Land Title
Building
PHILADELPHIA
50
Congress Street
BOSTON
Toledo Ry. & Term. 1st
41^s, 1954
Internal Navigation 5s, 1929
Washington Term. 1st 3J^s, 1945
Cuban Gov. Internal Gold 5s of 1899.
State of Tenn. Settlement 3s, 1913
M.
DESCRIPTIVE CIRCULARS SENT ON APPLICATION
WOLFF,
Cable Add, "MOWOLP** 27 WfiilaiB
St,, N Y.
Phimx 6557-8358-4959 Br—iI
May 4 1907.
THE CHRONICLE!
i
5612908—-Choemnsta.pke
©ti event
Conn.
First
|Bond lunttiries.
Ry. 6c Lighting Co.
Refunding
Buffalo Gas 1st
New York &
Gold Bonds, Jan., 1951
BANKERS
Ashmore, Lutz & Hitchcock
SCOTT & STR1NGFELL0W
Bankers &
Telephones 2672-3-4 Broad
Southern & Florida 5s, 1945
Carolina & Northern 5s, 1929
Florida Southern 4s, 1945
Seaboard & Roanoke 5s, 1926
Virginia State 3s
BALTIMORE, MD
PA.
-
DEALERS IN
Members N
Our
1906
Exchanges
and Phila. Stock
Y
Manual
of
Northeastern Pennsylvania
Securities, Mow Out, Mailed free on UequeBt
BANKERS
Members of the Baltimore Stock Exchange.
MEGARGEL & CO.
BONDS of Public Service Cor*
LEONARD F. HEPBURN
Corporation Bonds & Stocks
Exclusively.”
UNDERLYING ISSUES.
Twin City (Mlnn&St P) Rapid Transit Companies.
Milwaukee (Wls) Traction & Gas Companies.
Kansas City (Mo) Traction & Gas Companies.
Denver City (Col) Traction & Gas Companies.
Cleveland (Ohio) Traction & Gas Companies.
Syracuse (N Y) R. T. & Lighting Companies.
Tel. 3785-3786 Rector.
20 New St.. N- Y.City.
PHILBRICK & HALL
Members New York Stock Exchange
Tel. 4801-8 Broad
porations
carefully .selected
for
conservative
TO
NET
30 Pin©
434%
to
BANKERS
investment
5!4%.
NASSAU
5
Mew York
Street,
ST., NEW
Telephones
YORK.
13^3® Rector
St. Paul
Underlying Bonds
Underlying Bonds
Metropolitan El. 6s
Lake Erie & Western, 2d 5s
BONDS FOR
Northwest
INVESTMENT
.Specialists In
Northeastern Pennsylvania Securities
FERRIS & WHITE,
“SHORT=TIME NOTES
Tel.2868-9 Broad.
4,1 Exchange PL, N. Y.
A. N. CHANDLER <Sc CO.
AND
HIGH-GRADE BONDS
N. Y. CITY BONDS.”
Omaha Water Co. Consolidated 5s
Palatka (Fla.) Water Works Co. 1st 6s
Defiance (O.) Waterworks Co. 1st 6s
Appleton (Wis.) Water Co. 1st 6s
Randolph W. Co. (Moberly, Mo.) 1st 6s
Metropolitan Water Co. 1st 4s
H. C. SPILLER &
CO.,
-
Boston.
•
PINE
STREET,
NEW
YORK.
TELEPHONE 237 JOHN.
W. A.
PIRST
AND
NET
WILLIAMSON,
Investment Securities,
THE BOURSE
MORTGAGE
WATER
3J4
TO
PHILADELPHIA
RAILROAD. GAS
AT PRICES TO
5List upon Application
5%
BONDS,
Consolidated Gas Co. of New Jersey 5s
Green Bay Gas
<5c Electric Oo. 5s
E.I.duPont deNemour P. Co. pfd.A com .stock*
Am. Vulcanized-Fibre Co. pfd. & com. stocks.
Lacombe Electric Co. 5s
NEW YORK
GEO. P.
Telephone 6150 John.
Deb. 4s, 1931
BROADWAY
NEW YORK
Jester &> Co.,
27
05 WILLIAM STREET.
Lake Shore & Mich. Southern
BANKERS.
Ill
Specialists in Inactive Bonds,
27 Slat © Street
SCRANTON
HIGH GRADE BONDS
Sutton, Strother & Co., A. H. Bickmore & Co.,
25 Bread St.. N. Y.
CO.,
& Ohio
Northeastern Pennsylvania Investment
B. & O., C. & O. and N. <fc W
Securities
C. & O. and N. & W.
Correspondents:
Edward B. Smith & Co
<fc Ohio Dividend
Georgia
Georgia
Service
&
BANKERS,
of Ga. Income Bonds.
WANT.
“Public
Jr.,
NEW YORK
BROOKS
brokers
From time to time we make studies of railroad
and industrial properties for the benefit of our
clients.
We will upon application send our circular! on
the following properties.
INVESTMENT SECURITIES
First Nat. Bank New York stock
PHILADELPHIA
RICHMOND, VA.
!I5 Broad St«, New Yoru
Morgan's Lou. & Texas 1st 7s
20 BE0AD STU
BROAD STREET. NEW YORK.
25
Jersey 1st 5s
GEORGE C. WHITE
Pfaelzer 6c Co.
,
5s
Santa Fe Pres. & Pheonix 1st 5s
FLAT Dec. 22 1906.
Legal Investment for Connecticut Savings Banks.
Guaranteed as to Interest by UNITED GAS & IMPROVEMENT CO OF PHILADELPHIA
Sinking Fund to extinguish debt established by Connecticut Railway & Lighting Co. In consideration
of option to redeem at 105 and Interest.
BOSTON
con.
Missouri Kan. & Okla. 1st 5s
PRICE 09 AND INTEREST
Last sale New York Stock Exchange 104
xi
BISSELL,
118 South Fsnrth St.
Philadelphia. Pa.
Inactive Railroad Issues
PATERSON &
Tel. 1985 Rector.
High-Class Industrial Issues
OO.,
29 Broad SI.
U. S. Steel 1st 5s
Mo. Kansas & Okla. 5s
Bank Stocks
Irust Company Stocks
N
Y.
Chicago Indianap. & Louisv. 5s <fcj6s
Louisville New Albany & Chicago*6s
Westchester Lighting Co. 5s
New York & Jersey 5s
Insurance Company Stocks
Guaranteed Stocks
INQUIRIES INVITED
FREDERIC
Brooklyn Union Gas 5s
H7HATCH,
Bernier In Unlisted Securities of Railroads mad other
Corporations In the United States amd elsewhere
TeL 6320 BtosmL
30 Broad St. Now Tork,
LEONARD
66
SNIDER,
Broadway, NEW YORK
462 Land Title
Building, PHILADELPHIA
C. L. PARMELEE & CO.,
Tel. 910-1 Rector
20 Broad St.
N. Y
St.;Louis & San F. 4^s, 1908.
Montana Central 6s.
Louisville & New O. 1st 6s.
Winona & St. Peter 7s.
American Invest. Sec's Stock
Minn. & St.jLouis Cons. 5s,
INVESTMENT SECURITIES
E. C. Stanwood & Co.
BANKERS.
95 MILK STREET
Rosen, Stillman & Co.,
Members M. Y. Stack Exahaate.
80 Pine Street,
New York City
Tel. 4640 John
BO6T0N
in
THE CHRONICLE
[VOL.
ffittaitcial.
LXXXIV
ffinawcial.
Terre Haute Traction &
Light Company
TO
THE HOLDERS OF FIRST CONSOLI¬
DATED MORTGAGE 5% GOLD BONDS
OF TERRE HAUTE TRACTION & LIGHT
COMPANY:
Under the Sinking Fund provisions of a mort¬
gage or deed of trust dated May 1, 1904. between
the above Company and the State Street Trust
Company of Boston, the undersigned, Trustee,
hereby gives notice that until May 15, 1907, at
12:00 o clock noon, it will receive'sealed proposals
for sale of the above-named bonds to absorb the
sum of twenty-two thousand nine hundred
ninetynine dollars ($22,999) or any part thereof.
The
right is reserved to reject any and all proposals.
STATE STREET TRUST COMPANY,
Trustee.
By ASHTON L. CARR, Treasurer.
Boston, Mass., May 1. 1907.
The Corporation Trust Co.
the removal of its
Announce
New York offices
to
floor of the Trust
America
Bldg.,
the second
Company of
37
To the Bondholders of the
Wall Street
May
Crawfordsville Water &
Light Company
4, 1907
Crawfordsville, Ind.
You are hereby notllied that a large majority
of the first and second mortgage bonds of the
Crawfordsville Water <fc Light Co. have been de¬
posited with the Knickerbocker Trust Company
subject to the order of the undersigned.
The mortgages securing said bonds arc about,
to be foreclosed.
If you desire to participate in the proposed
reorganization, It will be necessary for you to de¬
posit your bonds with the Knickerbocker Trust
Company, G6 Broadway, New York City, which
will Issue negotiable receipts for them.
will be received after May 15th, 1907.
No bonds
THE AMERICAN SECURITIES AGENCY, Ltd.
By C. F. Street, Attorney.
44 Wall
Street, New York City,
April 22nd, 1907.
National
Copper Bank
Notices
of New York
Will
CHARTER NUMBER 8634
Open for Business WEDNESDAY, MAY ist,
at their offices 115 BROADWAY
Capital $2,000 000
TREASURY
DEPARTMENT,
Office of Comptroller of the Currency.
Washington, D. C., April 6, 1907.^5
Whereas, by satisfactory evidence presented to
that
“THE BEAVER NATIONAL BANK OF NEW
YORK,’’ in the City of New York In the County
of New York and State of New York, has complied
with all the provisions of the Statutes of the
United States required to be compiled with before
the undersigned. It has been made to appear
Surplus $2,ooo,oco
association shall be
the business of banking;
an
Foreign Travel
The,
of travelers it provided.
Tae London Office, conveniently situated rear
the Bank of Eogland, receives and forwards travelers’mall and U
thoroughly
equippe4 to transact any business of the Com pm .
The Guaranty Trust Company s enormous business in
foreign exchange and
comme’cial credits—nearly one thousand million dodars in 190(5— has made its
name thoroughly familiar lu Great Britain and <>u the
Continent and should
recommend its letters of credit to intending travelers.
The Guarani yTjust Company desires to increase the volume of its
travelers’
credits and invites co respondent upon tlie
subj.-c .
Write for special booklet “D.”
uw
April, 1907.
WM.
The Wabash Railroad Co.
Due May 10, 1907.
OF NEW YORK
Surplus
NOTICE Is hereby given that the amount of the
principal and Interest of the above-mentioned
notes, due May 10, 1907. will he paid at maturity
upon surrender of the' notes and coupons at the
office of the Equitable Trust Co., No. 15 Nassau
Street, New York City.
THE
5,500,0 H)
RIDGELY.
To Holders of Five Per Cent Collateral Notes of
1801
$2,000,000
B.
Comptroller ot the Currency.
Guaranty Trust Company
Capital
commence
of New York and State of New York, Is authorized
to commence the business of Banking as provided
In Section Fifty-one Hundred and Slxty-nlne of
the Revised Statutes of the United States,
In testimony whereof witness my hand
(SEAL.)
and Seal of office tills Sixth day^of
Guaranty Trust Comp my issues travelers’ letters of credit and travelers’
cheques available iu all parts of the world. A speelal telegraphic code for the
CHARTERED
authorlzed^to
Now, therefore, I, William B. Rldgely, Comp¬
troller of the Currency, do hereby certify that
“THE BEAVER NATlONALIBANK OF NEW
YORK.” In the City of New York, In the County
28 Nassau
Street, New York
33 Lombard
Street, E.C. London
By J.
WABASH
C.
RAILROAD CO.,
Ass’t Treasurer.
OTTESON,
DEFALCATIONS
and other
Now
THE
errors
in Trust Companies, Banks, etc.,
prevented without
P. O Box 261.
Ready.
FINANCIAL REVIEW
employing
public
auditors.
S. C. HENNING & CO.,
New York.
Louisville.
MEMBKR3 NEW YORK STOCK EXCHANGE.
1907 ISSUE.
New Orleans
A
Ry. & LightJSecurities
Springfield Ry. Jc Light Securities
YEAR BOOK OF FINANCIAL INFORMATI0N—282 PAGES.
BOUND IN CLOTH
International Traction of Buffalo and
other Traction Securities
$2 00
COMMERCIAL, & FINANCIAL CHRONICLE,
Pine Street, Corner Pearl Street, New York.
Bearer National
GEOP.GE M. COFFIN, President
S. II. VAND ERG RIFT
T. P. WELSH
Vice-Presidents
J. V.
Copies
may
also be had from P. Bartlett, 513 Monadnock Blk., Chicago
1 Drapers Gardens, London
Edwards & Smith
Bank,
Beaver and P arl Streets
New York City
Accounts
LOUGHLIN, Asst. Cashier
of
and
Merchants,
Individuals
Banks Solicited
Mat 4
XIII
THE CHRONICLE
1007.]
TfttraticiaL
iH&auietf.
BOND SALESMAN
a New York
house, with membership in
both the.New York and Boston Stock
Exchanges, wishes the services of an
"
Boston office of
The
banking
Only those
experienced bond salesman.
New England territory
Address N, C. B., care of
Chronicle, P. O. Box 958, N. Y.
familiar with
need apply.
CARNEGIE TRUST COMPANY
WANTED—By a Bond Salesman, highly rec¬
ommended. with established connections and a
sales record, at present and since 5 years with
same
banking house, a position with strong
banking house.
Address ’D.C.L.,” care of
the Chronicle, P. O. Box 958 N. V.
WANTED.—College
years’ experience
as
with
of 23,
man
Leslie M. Shaw. President
Will occupy its new banking offices
in the North Trinity Building
three
editor of daily newspaper,
desires position with bank or brokerage house.
Wishes to learn business.
Unimpeachable refer¬
ences
furnished. Salary no consideration.
Ad¬
Y. Financial Chronicle, P. O. Box 958,
dress X
N. V.
Broadway, New York,
Monday, May 6th, 1907
115
A well-known Wall Street banking firm
desires a bond salesman having highest
references.
Address D. R. S , care Com¬
mercial & Financial Chronicle, P. O. Box
958, N. Y.
WANTED
POSITION
by manager of important Stock Exchange house
for last six years. More than ordinary ability,
experience, references. Expert and practical on
accounts, organization, management, handling
clerks and clients.
P. O. Box 261.
Xo Incase
LEASE
TO
The
large
and
commodious offices on the
First Floor of 66 Wall Street
extending through to Pine Street, with vault an*
basement on Pine Street, now occupied by tk*
London Assurance Corporation, who are soon t
remove to William Street, corner Malden Lane.
Applv to WM. O. PLATT. 56 Wall St.. R. 40
R.
THE INTERNATIONAL BANK,
STREET.
WALL
60
Capital and Surp us,
Deposits
.
.
.
.
.
.
floor of the Trust Company
9600,000
1,750,000
Individual and Commercial Accounts
COMPANY
&
fourth
Announce their removal to the
N. Y.
.
DAY
L.
of America
Building, Numbers 37-43 Wall Street,
Invited
New York
Facilities Afforded for Transacting
Foreign and Domestic Business . .
Boston Office
INTEREST PAID ON TERM DEPOSITS
35
THOS. II.
JAMES S.
May 4, 1907
New York,
:
Congress Street
HUBBARD, President.
FEARON. Vice-President
JOHN HUBBARD.Vice-President.
JAMES IT. ROGERS. Cashier.
CHAS. S. LIPPINCOTT, Asst. Cashier.
Thomas L. Manson & Go.
STOCK BROKERS
Members N.Y
and Boston Stock Exchanges
Broadway,
71
-
THE HOME TRUST COMPANY
NEW YORK
OF NEW YORK
Tel. 3IN Racter
to-day of its
New York City office in the Evening
Post Building* No.
20 Vesey St.
Announces the opening
Hartford, Nt w Haven and
Philadelphia
Private Wires to Boston.
Scaring & ©o.,
T
Wall
NEW YORK
Street
BANKERS
OFFICERS.
J.
EDWARD SWANSTORM, Pres.
WILLIAMC. REDFIELD.Vice-Pies.
JAMES N.
BROWN, VIce-Pres.
E.WILTON LYON, As. See.
WM. K. SWARTZ. As. See.
HAROLD A. DAVIDSON,Sec.
THOMAS W. HYNES. Treas.
BROOKLYN OFFICES.
Investment Securities
FOR SALE.
184 Montague
i 4%
MUNICIPAL
RAILROAD
> TO
CORPORATION l
-
Second-hand set
CHRONICLE VOLUMES
1896-1906.
Selected
for
St.—Hamburg and Myrtle Aves.
BAKER & VAUGHAN,
BONDS
conservative
BANKERS
FIRST MORTGAGE
investors.
GOLD
Gas Bonds
LUTS MAILED UPON APPLICATION.
37
only one of each
Supplements.
AND BROKERS
WALL STREET,
-
NEW YORK
The volumes contain
of the
Lawrence
Barnum & Co.,
BANKERS,
Commercial & Financial Chronicle,
37
76^2 Pine St., New York.
Philadelphia,
Campbell & Co.
25 Broad Street
AND 39 PINE ST, NEW YOKK
Washington,
J. 8tewart
Pittsburg
-
NEW YORK
Transact a General Commission and
Investment Business In Curb Securities
xrr
THE CHRONICLE
[VOL.
giunucinl
LXXXIV
Jpitrt ftettfls.
THE
The Atchison Topeka & Santa Fe
Railway Company
NO. 5 NASSAU
net earnings, to holders of
COMMON Stock as
istered at the close of the transfer books on reg¬
May
10 1907.
The transfer books for the
COMMON
Stock will be closed at three o’clock
p. m. on
10 1907 and will be
reopened at ten
June 3 1907.
STREET,
on
New York,
ning July 5 and ending July 10, 1907, for
period begin¬
an amount of the
Company
Ten-Year Five Per
equal to twelve per cent of their
registered
on the Company’s books at the close of
May 10, 1907. The bonds will be convertible prior to June 1, 1913,
at the option of the holders, into Common Stock of
equal par value.
The subscription price of the bonds will be their
par value and accrued in¬
terest, payable as follows:—
business
At the time of subscription,
30% of the par value of the bonds, and between
January G and January 10, 1908, 35% of the par value of the bonds, and between
June 5 and June 10, 1908,
35% of the par value of the bonds; interest being adusted at the time of payment of such last
installment.
Subscription
warrants and
a
m.
The Kansas City Southern Railway Co.
25 Broad St.. New York,
April 3 1907.
The Board of Directors this day declared a
divi¬
dend of 4 % on the Preferred Stock of the
com¬
pany from the net earnings for the year
ending
June 30, 1907, payable on July 1,
1907, to stock¬
holders of record at 3 o’clock p. ra. June 10
1907
The Stock Transfer books of the
be closed at 3 o’clock p. m. June company wU4
10. 1907, and
will be reopened at 10 o’clock a. in.
July 2, 1907.
Checks for the dividend will be mailed
to
stockholders.
R.
on
circular
to the stockholders.
May
a.
City.
By order of the Board of Directors, the privilege will be given to the holders
of the Common Stock and Preferred Stock to
subscribe during the
as
clock
at this office.
H. W. GARDINER, Assistant
Treasurer,
5 Nassau Street, New York
May 1, 1907.
The Atchison Topeka Sl Santa Fe
Railway Company
respective holdings of stock
o
Dividend cheques will be mailed to holders of
COMMON Stock who file suitable orders
therefor
To the Stockholders of
Cent Convertible Gold Bonds of the
ATCHISON
TOPEKA
&
SANTA FE
RAILWAY COMPANY.
New York, AprlL 3, 1907.
The Board of Directors has declared a
dividend
(being dividend No. 13) on the COMMON STOCK
of this Company of THREE
DOLLARS ($3 00)
per share, payable June 1, 1907, out of the
surplus
furnishing further details
D. L.
will be mailed
GALLUP, Comptroller.
B.
SPERRY, Secretary.
GEORGIA SOUTHERN & FLORIDA RY. CO.
Macon, Georgia, April 25th, 1907.
At a meeting of the Board of Directors
of the
Georgia Southern & Florida Railway
held this day. semi-annual dividends ofCompany,
Two and
one-half per cent on the First. Preferred
stock
and Two and one-half per cent on the Second Pre¬
ferred stock were declared, payable at the
office
of the Mercantile Trust &
Deposit Company of
Baltimore, Baltimore, Maryland, on and after
May 13th, 1907, to stockholders of record on
May 6th, 1907.
The Transfer Books will be closed
from May 6th to May 14th, 1907.
BEN C. SMITH, Secretary.
THE PENNSYLVANIA RAILROAD CO.
Philadelphia, May 1, 1907.
The Board of Directors has this day
declared
a SEMI-ANNUAL DIVIDEND
of THREE AND
ONE-HALF PER CENT (SI.75 per share)
upon
the Capital Stock of the
Company, payable on
and after May 31, 1907, to stockholders
as reg¬
istered upon the books of the
Company at the
close of business May, 4 1907.
CHECKS will be mailed to stockholders who
have filed Permanent Dividend Orders
at this
office.
HENRY TATNALL, Treasurer.
UNITED COPPER COMPANY
The directors of the United
Copper Company
have declared the regular
semi-annual dividend
of three per cent (3%) on the
preferred stock,
payable May 15, 1907, to stockholders of record
at the close of business
May 10, 1907, out of the
funds previously set aside for tills
the meeting held on December 20. purpose at
1906.
The
preferred stock transfer books of the
Company
close for the payment of tills
dividend at three
o’clock p m., May 10, 1907, and
re-open at 10
o clock a. m.,
May 15, 1907.
STANLEY GIFFORD. Treasurer.
AMERICAN
SMELTERS
SECURITIES CO.
71 Broadway. New York. Mav
1, 1907.
QUARTERLY DIV. No. 8, PFD.STOCK SER B.
The Board of Directors of the American Smel¬
declared a
Stock, Series
“B,” of the Company, payable June 1st, 1907, to
stockholders of record on that date.
The books of the Company for transfer
of the
Preferred Stock, Scries “B,” will be closed at
3 p. m.. May 24th.
and
will
1907,
reopen at 10
a. m., June 4th, 1907.
ters Securities Company have this
day
dividend of 1 M % on the Preferred
G.
M
BORDEN, Secretary.
NILES-BEM E NT-PO N D COM PA N Y
New York, May 1st, 1907.
The Board of Directors of
NILES-REMENTPOND COMPANY has this
day declared the
regular QUARTERLY
Dividend ol ONE AND
ONE-HALF PER CENT on the PREFERRED
STOCK of the Company, payable
May 15th,
1907.
The transfer books will close at 3
P. M.
and will re-open at 10 A. M.
May 16th,
May 8th
1907.
CHARLES L. CORNELL, Treasurer.
PRATT &
WHITNEY COMPANY.
New York, May 1st, 1907.
Board
of
Directors
of
PRATT
&
WHITNEY COMPANY has this day declared
the regular QUARTERLY
Dividend of ONE
AND ONE-HALF PER CENT
oil
the PRE¬
FERRED STOCK of the
Company, payable
May 15th, 1907.
The transfer books will close
at 3 P. M. May 8th, and will
re-open at 10 A. M.
May 16th, 1907.
CHARLES L. CORNELL, Treasurer.
The
AMERICAN ILOCOMOTIVE COMPANY.
Ill Broadway. New York. March
21, 1907.
The Board of Directors this
day declared a
dividend of one and one-quarter
per cent
upon
the common capital
stock, payable May 27,
1907, to the common stockholders of record at'
the close of business on
May 10/1907.
Checks
will be mailed.
Transfer books of the common stock will close
at 3 P. M. May 10,
1907, and re-open May 27,
1907.
R.
M. GRANT &, CO.
31 NASSAU
8T., NEW YORK
THE
BATTERY PARK NATIONAL BANK
24 STATE ST.
(Opp. New Custom House.)
Street Ry., Gas, Electric Light & Power Shipping and
Export Accounts Invited.
B. A. De LIMA,
Presklent
SECURITIES
CALVIN
TOMKINS,V. Pres.
EDWIN B.DAT, QMfctct
LEIGH
BEST, Secretary.
THE PULLMAN COMPANY.
DIVIDEND NO. 161.
of $2 00 per share, from
net earnings, has been declared
payable May 15th,
1907, to Stockholders of Record at close of busi¬
ness April 30th. 1907.
Checks will be mailed.
Chicago, April 20th, 1907.
A quarterly dividend
A.
S.
WEINSHE1MER, Secretary.
MAT 4
THE
1907]
CHRONICLE
gitrideuds
financial.
AMERICAN CHICLE COMPANY.
New York. April 29. 1907.
The monthly dividend of ONE PER CENT,
on the common stock of this Company and an
r
PLAN FOB THE ACQUISITION OF
CENT has this
day been declared, payable May 20th next to
all common stockholders of record at 3 P. M. on
May 14th, 1907.
Common Stock transfer books will close at 3
P. M. May 14th, and re-open May 21st at 10 A.M.
dividend
extra
ONE
o
HENRY
PER
SHARES OF THE COMMON CAPITAL STOCK
ROWLEY, Treasurer.
AND
DALLAS GAS COMPANY
First Mortgage 5 % Gold Bonds Due May 1st, 1925
Coupon No. 4 on the above bonds will be paid
at the office of O’Connor & Kahler, No. 49 Wall
Street, New York, on presentation on and after
the first day of May, 1907.
DALLAS GAS COMPANY.
H. L. SNYDER, Treasurer!
OFFICE OF
AMALGAMATED COPPER COMPANY.
42 Broadway, New York, May
Notice is hereby given that the stock
1, 1907,
certificate
Company will be closed on
Monday, May 13, 1907, at 3 o’clock P. M., for the
FIRST MORTGAGE FIVE PER CENT BONDS
OF THE
HAVANA CENTRAL R. R. COMPANY
transfer books of the
held June
of the3,annual
Company,
Eurpose
the books
to
1907, meeting
such
will be
and thatof
e
reopened on Tuesday, June 4, 1907, at 10 o’clock
A.
M.
H.
A.
MELIN, Secretary.
UNITED STATES STEEL CORPORATION.
Dividend No. 14 of H of 1 % on the Common
Stock, for the quarter ending March 31, 1907,
was declared April 30, payable July 1
to stock¬
holders of record June 12.
Transfer books close
at 3 P. M. June 12, and re-open at 10 A. M.
July 2, 1907.
RICHARD
TRIMBLE, Secretary.
UNITED STATES STEEL CORPORATION
Quarterly dividend No. 24 of 1
% on the
Preferred stock payable May 31,
1907, was
declared April 30, to stockholders of record May
8.
Transfer books close at 3 P. M. May 8, and
re-open at 10 A. M. June 1.
RICHARD TRIMBLE, Secretary.
©apartttcrsfrtjrs.
THE CO-PARTNERSHIP EXISTING under
the firm name of H T CAREY & CO
has this
day been dissolved by limitation, Mr. WILLIAM
B. WALDRON retiring.
SAMUEL F. STREIT,
WILLIAM B. WALDRON.
HENRY T. CAREY. Special.
April 30. 1907.
66 BROADWAY.
have formed
partnership under the firm name of
The
undersigned
H. T. CAREY
a
limited
&
co¬
CO,
for the transaction of a regular commission busi¬
ness in stocks and boijds.
SAMUEL F. STREIT. 1 Members N. Y.
HENRY F. TAYLOR, /Stock Exchange.
RAYMOND E. STREIT,
General Partners.
HENRY T. CAREY,
ALEXANDER HARVEY TIERS.
Special Partners.
May 1, 1907.
No. Gf>
Broadway, N. Y., April 30th, 1907.
Notice Is hereby given that the co-partnership
between H. L. HORTON. JNO. G. O'KEEFE,
PHILIP T. BROWN, F. W. ANN ESS and C. B.
MEARS, under the firm name of H. L. HORTON
& CO., has this day expired by limitation.
H. L. HORTON, F. W. ANN ESS and C. B.
have
formed
a
new
co-partnership
continue In business under the same
MEARS
and will
name,
style and title of
H. L. Horton &
Co.,
authority conferred by the Board of DirectorsTof the United Rail¬
of the Havana and Regia Warehouses, Limited, a corporation organized
and existing under the Companies Acts of England (hereinafter termed the
“United Company”), the undersigned present to the holders of Shares of the
Common Capital Stock and of Five Per Cent First Mortgage Bonds of the Havana
Central Railroad Company, a corporation organized and existing under the laws
of the State of New Jersey (hereinafter termed the “Central Company”), an op¬
portunity to accept a proposal made by the United Company for the exchange
Pursuant to
ways
of such Stock and Bonds.
Proposal is conditional upon its approval by the shareholders of the United
Company, as provided therein.
The
Proposal provides that when, and as soon as, within the period fixed for
deposit of securities thereunder, or any extension thereof, there shall be de¬
posited with the Depositary or Sub-Depositaries, 10,000 shares of such common
stock and $3,850,000 face value of said bonds, then the Proposal shall become
immediately operative.
-u
^ The
the
The United Company is to give in exchange for each $100 of the Common
Stock of the Central Company exchanged under the Proposal £7.4s. 4d. (being
$35 at 4.85) in Deferred Ordinary Stock of the United Company, and for each
Bond of the Central Company, £206. 3s.
4.85) in Four Per Cent Debentures of the United Company,
and also £4 2s. 6d. in cash, being the equivalent of interest at the rate of Four
Per Cent per annum for six months ending 30th April, 1907, thereon; and inas¬
much as the dates for the payment of interest on the Debentures will be 1st
January and 1st July in each year, the further sum of £1. 7s. 6d. in cash will
also be paid as the equivalent of interest from 1st May to 30th June, 1907.
$1,000 First Mortgage Five Per Cent
9d., (being $1,000 at
Participation under this Plan in any respect is dependent upon the deposit
of securities with the Depositary or a Sub-Depositary herein designated, at the
office of such Depositary or Sub-Depositary, within .such time as may be fixed
No securities will be received on deposit unless in nego¬
the coupon maturing May 1st,
1907, and all subsequent coupons. All certificates of Stock must be accompanied
by proper transfers and assignments, executed in blank, and duly stamped.
This Plan is not intended as a precise outline or statement of the Proposal >
to which the depositors are referred, and by the provisions of which they will
by the undersigned.
tiable form.
First Mortgage Bonds must carry
be held to be bound.
Deposits of securities will be received on and after the 29th of April, 1907,
the 31st of May, 1907, at the office of the
Depositary, Messrs. J. Henry Schroder A Co., No. 145 Leadenhall Street,
London, England; and with the Sub-Depositaries, Messrs. Speyer & Go., 24 and
26 Pine Street, New York, and at the Royal Bank of Canada at Montreal,
Canada, and at Havana, Cuba.
and until three o’clock P. M. on
at the above address.
J. HENRY SCHRODER & CO
H. L. HORTON,
F. W. ANNESS,
C. B. MEARS.
We take
Referring to the above notice, the undersigned, on behalf of
pleasure in announcing that
Mr. WILLIAM MAURY WEED
has
our
been admitted to
firm.
membership in
FULLER & CO.,
40 Wall Street.
Messrs. J. Henry Schroder A Co., are now prepared to receive on deposit the
securities therein called for and to furnish copies of the Plan and Proposal, con¬
taining full details, to security holders.
New York, April
/
SPEYER & CO.
30, 190 7.
New York, May 1st, 1907.
44
Exchange Place, New York.
April 30, 1907.
Mr.
WANTED
Campbell has this day been ad¬
Ward
mitted to partnership In our firm.
F-
Cuban
S. SMITHERS & CO.
La
Securities
Fayette Gas Company
BONDS
A SPECIALTY
FRANCKE THOMPSON & ROBB
Deposited
or
undeposited
Members N. Y. Stock Exchange
43
Havemeyer & Gallaway
Exchange Place
Teepbone 1348 Broad
BRANCH OFFICE
Bristol
43
Exchange Place
Telephones, 6176-6177 Broad
5h Ave. and 42d St.
Telephone 1558 Bryant
Building,
/
XVI
THE CHRONICLE.
[Vol,
L\xyrv.
^financial
CHICAGO EDISON COMPANY
$1,500,000
(Being the Unsold Portion
Five Per Cent
Three Year
Dated March 1, 1907.
This issue, as
and interest.
rf $5,000,000)
a
Gold
Debentures
Due March L, 1910.
Interest Payable March 1 and September 1 in
Chicago.
whole, is redeemable
on
any
COUPON BONDS
interest date
on
ninety days’ notice at 101
DENOMINATION $1,000
With
privilege of registration as to principal or exchange for fully registered bonds in the
or any multiple thereof.
Registered bonds may be re=exchanged at will
Coupon bonds of $1,000.
denomination of $1,000
for
SECURITY
These Debentures
are a
direct
obligation of the Chicago Edison Company, whose property,
advised, will have cost, when the proceeds of the present issue of Debentures have been
expended, over $28,000,000. The total funded debt of the Edison
Company, including this issue
of $5,000,000 Debentures, is
only $12,483,000.
we are
These Debentures
secured
by trust agreements deposited with the Illinois Trust &
Savings Bank, Trustee. In event of default by the Edison Company the debentures are
guar=
anteed, both as to principal and interest, by the Commonwealth Electric
Company, which operates
under a franchise running until 1947.
f
are
PROPERTY
The
Chicago Edison Company with its associate Company, The Commonwealth Electric
Company, practically controls the central station business of producing and
selling electric
current in the
City of Chicago and serves a population of two million.
[
COMPETITION
These
Companies are practically protected from serious competition by the
strategical
position their conduits occupy along the principal business streets of
Chicago and by the conse=
quent expenses that would be involved in duplicating their
plants.
EARNINGS
The combined surplus
earnings of the two companies for the last fiscal year were
equal to about four and one=half times the interest charges on
the entire funded indebtedness of the two
companies, after deducting the interest on the First
Mortgage bonds.
Since 1889 the Chicago Edison
Company has paid a dividend of 8% annually on its capital
$1,615,694 33, which
[
’
amount is
stock.
We offer the above Debentures at 97& and Interest, to Yield 6%
Special circular giving full details regarding trust agreements,
history, operation and
management of both companies will be furnished on
request.
N. W. HALSEY & CO.
152 Monroe
New York,
St., Chicago
Philadelphia, San Francisco
ILLINOIS TRUST & SAVINGS BANK
Chicago, Ill.
A. B. LEACH & CO.
^140 Dearborn
New'
St., Chicago
York, Philadelphia, Boston
NATIONAL CITY BANK
Newr York
City, N. Y.
THE CHRONICLE.
May 4 1903
xvn
financial
Founded 1873
by Sal at hi el H. Tobey.
Continuously under same firm-name.
TOBEY & KIRK
■HARRY C. TOBEV,
CEO
S. CRAP.
MISCELLANEOUS
STOCKS-BONDS
SUITE 1017-1019 INCLUSIVE
25
NEW YORK CITY
BROAD STREET.
’PHONES: 4295-4296-4 297-1298
/
\
*
A-
f
3
~
^
BKOAD.
-
... -■
.
WE WISH TO BUY:
,
100 Shs. American Cigar Company, Preferred
$10,000 American Hawaiian Steamship Company 6s
$25,000 American Malting Company First 6s, J.& D., 1914.1
25 Shs. American Type Founders’ Company, Preferred
10
“
Atlantic Dock Company
TOO
44 Borden's Condensed Milk Company, Preferred
.50
44
Borden's Condensed Milk Company, Common
$1.0,000 Broadway Surface 6s (New York), 1924
$10,000 Central Pacific 3*4s, 1929
100 Shs. Casein Company of America, Common
$10,000 Central New England Railway Incomes
26 Shs. Childs (Restaurant) Company, Common
‘‘
16
Childs Restaurant Company, Preferred
100 “ Composite Type Bar Company.
25 Shs. Imboden Coal & Coke Company
100 44 International Nickel Company, Preferred
$10,000 International Nickel Company 5s, A. & O., 1932
300 Shs. International Silver Company, Common
$5,000 International Silver Company First 6s, J. & D., 1948
100 Shs. Mahoning Investment Company
$10,000 Minneapolis Brewing Company 7 s.
200 Shs.Mount Hope Cemetery Stock
$10,000 Minneapolis Street Railway 5s, 1919
$10,000 New Jersey Steamboat First 5s, M. & N., 1921
50 Shs. New York Phonograph Company
$10,000 Omaha (Neb.) Water Company Prior Lien 5s
$5,000 Omaha (Neb.) Water Company Consolidated 5s, J. & J., 1946
100 Shs. Omdha (Neb.) Water Company, First Preferred
100
Omaha (Neb.) Water Company, Second Preferred
$10,000 Pittsburgh Shawmut & Northern Railway 4s (Defaulted)
100 Shs. Royal Baking Powder Company, Preferred
25
“
Safety Car Heating & Lighting Company
100
Standard Coupler Company, Common
$10,000 Standard Gas Light 5s (New York), 1930
$5,000 Standard Milling Company First 5s, M. & N., 1930
$25,000 Temple Iron Company 4s, J. & J., 1925
.
90
Offering
@ 100*4 flat
@
96 ?4
@
80
@ 109
@ 160
@ 104 & Int.
(3),
85*4 flat
3*4
@
70*4
@
76*4
_
...
['
__
__
____
_
25 Shs. Tunnel Railroad of St. Louis
100
“
_
1
j
United Bank Note Corporation, Common
$10,000 United Lead Company Debenture 6s, J. & J., 1943
@
@
@
105
(«;
102*4
215
96*4
66 flat
78*4
10*4
28*4
83 flat
59
46
65
3
94
82 XA
@
84% & Int
@
6*4
@ 106*4 & Int.
@
82
Offering
@
3
@ 102% & Int.
@
91 & Int.
@
1212
(3) 100 & Int.
@
75 flat.
@
16
@
2
@
30
@ 102
@ 255
@
47,*4
@ 104 & Int.
75 flat
@ 101 4 & Int
@ 126
@
59
@
68 flat
WE HAVE FOR SALE:
115
shs. American Chicle
52 Shs.
Company, Preferred 6%
Cigar Company, Common.
Bell Telephone Company of Buffalo 6%
<_
Chicago Peoria & St. Louis Railway Consolidated 5s (Defaulted)
Colt’s Arms Company
Electric Vehicle.Company, Preferred
Fisheries Company, Preferred
Great Northern Railway of Canada First 4s, A. & O., 1934
Hamilton Woollen Company
35
25
Hartford & Connecticut Western Railroad
Hudson River Telephone Company 4%
50
8
American
“
$5,000
25 Shs.
45
100
“
$500
“
...
<3V
@
@
(u\
(a\
(a)
(a)
@>
@
@>
@
$10,000 International Silver Company Debenture 6s, J. & J., 1933
10 Shs. International Silver Company, Preferred
100
National Novelty Corporation, Preferred
200
44
Northwestern Elevator Company, Common
(5)
Otis Elevator Company, Common
100
@
u
100
Pope Manufacturing Company, Second Preferred
(oi
$3,000 Richmond Passenger & Power, Consolidated 6s
@
100
44
Royal Baking Powder Company, Common 10%
@
5
44
Safety Oar Heating & Lighting Company
@
10
4
Singer (Sewing Machine) Manufacturing Company
(a)
20
44
Standard Coupler Company, Preferred 8%
@
$4,000 Standard Cordage Company First 5s, A. & O., 1931
(a)
91 Shs. Standard Milling Company, Common
@
$1,000 Syracuse Rapid Transit Company First 6s, M. & S., 1946
@
100 Shs. United States Industrial Alcohol Company, Preferred
@
50
44
United States Industrial Alcohol Company, Common
@
$5,000 Wheeling (W. Va.) Traction Company First Consolidated 5s, J. & J., 1931__@
WE DO NOT DEAL IN MINING OR OIL COMPANY
STOCKS,
NEITHER DO WE HANDLE “MARGIN ”ACCOUNTS.
CORRESPONDENCE INVITED—ODD LOTS CAN BE ARRANGED FOR.
90I4J& Int.
68
66
37
39
10*4
81*4
152
260
605
122
42*4
7*4
106 &
96
32
98*4
flat
flat
Int.
& Int.
xnii
THE CHRONICLE
ffittattcial.
INVESTMENT OPPORTUNITIES
The bond market at the present time presents excep¬
tional opportunities for the profitable investment of funds in
three classes of securities:
I.
To invest for
long period of years at a return of
from V2 to 34 of \% greater annual income than is
normally pos¬
sible, by the purchase of long-time standard mortgage bonds of
proved security at prices from 5 to 20 points below their normal
a
level.
II.
To invest
prospects of
a
conservatively, yet with good speculative
large increase in principal, through purchase of
convertible bonds.
III.
To invest for
short
period at a very high rate of
interest by the purchase of notes of dividend-paying railroads
The drawback with this class of investment, however, as well
as investments in real estate
mortgages is the short period for
which they run and the consequent necessity of reinvesting
at a time when interest rates will in all probability be much
lower than at
a
present.
We have issued
a
list of
each of the above classes with
some
of the most attractive of
present prices.
We would be
glad to send list and to furnish information in detail in regard to
any particular securities on request.
Mmond &Co.
BANKERS
507 Chestnut St.,
Philadelphia
33 Pine Street, New York
[VOL*
LiLIXiy.
CLEARINGS—FOR
APRIL, SINCE JANUARY 1 AND FOR WEEK ENDING APRIL 27.
1907.
$
7.007,528.614
642.208.678
250,002,942
121,030,034
38,004.298
20.733,888
32.291,051
15,839,607
10,000,138
8,428,034
7,496.085
0,104.142
5,431.340
5,078.807
3,123.740
2.252.989
2,465,500
4.038.391
1,200,537
1,109,047
Philadelphia
Pittsburgh
Baltimore
.
_
Buffalo
Washington
Albany
Rochester
Scranton
.
Syracuse
Reading
Wilmington
Wilkes-Barre
Wheeling
.
.
.
Erie
Chester
Binghamton
__
__
.
Greensburg
Frederick....
Harrisburg
..
Total Middle..
Boston
Providence
Hartford
.
..
New Haven
Holyoke
Total New
England
Chicago
.
.
Columbus
Toledo
Peoria
Grand
Rapids..
Dayton
.
.
Kalamazoo
Springfield, Ill
Fort Wavne
Lexington
Youngstown
.
+ 79.0
+ 3.9
+ 9.8
In total
In total
_
5,253,044,465
049,305,013
193,335,023
153.211,772
95,710.490
+ 17.9
+ 14.2
+ 9.0
+ 3.9
+ 22.7
+ 23.1
+ 25.3
+ 15.7
+ 8.4
+ 14.0
+ 10.7
+ 11.0
+ 4.3
+ 7.0
+ 10.4
30,131,412
20.490,807
20,191,000
10.307,503
11,102,500
9,280,365
8,048,982
7.331,508
3.821.032
2.821.488
2,005,401
1.945,308
1,893.515
1,712.509
2.090.835
1.575.001
1043.594
1,370,551
589.430
3.038,257
2.8.S4.347
2.700,089
2.708,903
2,422.800
2,343,407
1,929,903
1,808,251
1,544,578
1,502,044
1.580,032
1.251.084
954.087
1,131.997
518.931
1,480,013,187
1,275 003.579
+ 10.5
5.881.920,384
Francisco
Las Angeles
198,035,735
50.3s6.217
107,847,591
50,028.947
Seattle
Salt LakeC’ity
Portland
41,652.314
37,771.100
21,523,455
797,400,677
224,205,280
155.931 .008
25.672.043
32.110.029
3,272,477
1.932,880
1 441.400
Not included
Not included
+ 83.6
+ 12.7
+ 10.3
+ 19.3
+ 05.5
+ 45.2
+ 24.5
+ 0.9
+ 27.0
+ 36 3
In total
In total
274.314.954
+ 4.8
1.591,533.557
+ 34.1
99,745,413
+ 27.5
08,500,788
+ 20.7
38,111.840
+ 23.7
31,425.414
20,554.125 + 23.0
+ 21.6
20,682,521
+ 16.1
11,505.491
7,961,937 + 36.9
+ 4.1
5,415,127
+ 35.7
4,458.213
+20.2
3,500,500
—3.2
2,877,721
+31.5
2,347.253
1.900,589 + 33.4
1.020,049 + 11.3
Not included in total
.529,025,674
._
Quincy
.
.
Springfield, Ohio
Mansfield
South Bend
.
Decatur
Jacksonville, III
Jackson
Ann Arbor..
Total Middle West
.
.
San
..
.
Spokane
Tacoma
24,721,549
19.S00.000
3,300.000
2.454,007
1,904.617
13.947.050
_.
Helena
Fargo
Sioux Falls
Oakland
San Jose
2.039.020
Total Pacific..
Kansas City
406,098,311
133,783,893
Minneapolis
Omaha
St. Paul
Denver.
St. Joseph
Des Moines
Sioux city
Davenport
Wichita
Topeka
Colorado Springs
Cedar Rapids
....
Pueblo
Fremont
Lincoln
Total other West
St. Louis..
New Orleans
Louisville
Houston
Galveston
Richmond
Memphis
Atlanta
Nashville
Savannah
Fort Worth
Norfolk
...
Birmingham
Augusta.
Knoxville
Mobile
Jacksonville
Chattanooga
Little Rock
_
_.
80,835,952
40,013.453
38,884,080
32,052,731
25,142,174
13,359.221
9,899,103
5,035.343
0,047,034
4,493.807
2,780,832
3.080.598
2.534,089
1,135,278
5.796.009
325.073.041
230,408,006
72,042,304
52,249,800
30,529.024
24,457,500
22.220,505
19.353,357
17,871,202
7,095.598
0,028,907
Columbus, Ga
1,523.415
Waco
6,800,000
722.600
Wilmington, N. C
15,909,099
412,291.388
Beaumont
Macon
19.405.289
17.030.301
258,310,271
73,900,491
50.030,981
40.111.142
29,500,000
20,287.302
20,357,589
20,802.221
17.25,8.772
13,700,749
14,050,505
11.700.000
10.051,658
5,802.440
7,071.893
8.380,010
5,49.8,04ft
5.839,384
2.883,821
1,921.530
2.440,420
Charleston
Columbia
21,599,633
10,399.051
—8.8
+ 26.0
+ 9.2
+ 1.7
+ 7.2
+ 9.8
+ 20.0
+ 1.8,3
+ 5.2
+ 10.4
—20.1
10.4
+ 30.1
+ 24.8
—
10,709,718
9.373,678
+ 23.3
8,153.172
20.2
7.350.782
5.996,937 +17.9
+ 40.0
5,992.534
5,760,580 + 23.2
+ 7.6
5.001,774
+ 5.0
5,237,110
+ 13.3
5.153.534
+ 20.0
2,402.847
2.419.000 —20.0
+ 55.0
1,572.133
1,383,145 + 10.1
4,552.379 + 49.4
Not included in tot-nl
Not included in total
—
•
100.470.191
117.105.969
89.106,060
70.811,080
13.970,199
8.897,409
7.509,018
Cl ,945,748
8.084.175
318,271.770
180,92.5.608
145.363.754
130.669.689
102,0.51,862
54.848.142
38,683,866
22.234,9.58
23.074.71.5
10.793.779
12.3.54.029
12.339.398
9.902.848
5.721.963
23.210.850
1,008,322,055
1.002,009,031
349,071,200
233.250,964
188.919,100
124,735,300
108,190,713
,88,213,030
91,344,300
08,1.59,4,54
69,990,162
0.5,982.020
40.520,352
38.798,481
28,979.080
27.840.977
31.994,418
20.731,290
-24.208.3.54
24.789,900
24,2.5.5,0.8.5
12,402.908
7.<192.392
9.067,993
6.248,615
26,836,534
2,840,281
9,277.540
7.171,729
0,911,299
5,911,596
7,062.421
5,435,265
4,695,698
3.983.004
2.150.922
78,908,608
03.811.771
163.792.391
6,955,100
3,499,440
2.317,725
2,255,994
1,786,995
1,751,051
915,727
746,537
518,729
521,933
+ 6.9
+ 8.01
+ 8.9
+ 18.7
—3.1
+ 2.9
+ 10.1
+ 19.3
+ 0.5
+ 13.7
438,786
444.00Q
353,816
205,556
1
in total
157.807,150
0,995,800
3,070,572
2,399,414
2,096,100
1,557,700
1,981,579
938.054
036,880
505,098
524.599
—
—17.7 2,467,801.534 1,168.381,270
+3.8
—0.6
+ 13.8
—3.4
+ 7.0
+ 14.7
11.6
—2.4
—
+ 17.2
+ 2.7
—0.5
125,172.807
5,875,301)
166.291.874
6.70S.000
3.090,548
2,457,768
1,88*4,503
1,459,345
1.277,412
1.982,530
2,142.800
1 ,5U.J ,3tib
1.516,420
721,649
643.973
425,666
488,491
.
*
1,227,883
713,988
450,097
420 ,S / JL
489,900
+ 4.2
185,515,317
141.430,583
198.405,257
20,834,500
13.343.247
10,128,384
9,117,088
5.250,307
5,194,2U0
3,479.827
2,530,186
1,867,864
1,675,21(1
175,798,206
20,001,7;>0
10,897,259
9,083,515
6.482,054
5,165,070
3.803,400
2,82b ,230
2,390,099
1,844,454
1,459,506
1,553,700
1.008,046
829,722
748,056
668,540
696,408
647,508
504,737
593,170
+22.5
+ 0.7
+ 5.7
10.3
+ 9.1
+ 11.5
+ 18.4
+ 14.4
+ 4.1
+ 7.3
—
—4.1
+ 11.2
+ 15.5
+ 30.0
+ 19.2
—2.5
+ 22.0
+ 9.5
+ 5.3
+ 12.9
+23.5
—2.5
+ 29.5
+ 9.2
444,950
344,055
370,942
339,493
406,145
326.255
204.235
300,790
111.983
+ 12.0
330,595,989
+ 22.8
+ 10.0
+ 1.8
+ 5.0
+ 49.8
+ 39.7
42,876,091
12.370,029
9,050,450
5,357,976
6.833.141
5,492,212
4,396,986
710,701
500,612
300,105
94,589,076
1,324.380
871.083
730.000
G62.988
510.145
210,118
1,317.944
56,624,518
14,819,175
11,797,794
10,623,495
5,921.000
5,419.974
4,078,942
3,843,255
3,722,864
3,026.768
3,750,000
2,767.675
2,350,000
1.197,168
1,598.554
1.577,629
1,345.758
1.234,717
1,112,756
1,244.900
630,022
400,000
550,000
275.000
1.700,000
12.3
+ 0.3
+ 38.8
+ 26.1
+ 20.5
+ 5.7
+ 10.2
+ 29.3
+ 17.5
+ 10.0
+ 17.5
+ 2.4
+ 24.0
—14-1
+ 44.2
+ 12.6
+ 27.8
23,087,310
10,051.500
8.954,208
6,286.186
5,547,389
21.003.972
Not included in total
Not included in total
+ 7.8
13,903,572
13,193,301
8.533,571
5,787,125
4,817,400
3,801,170
2,392,907
2,044,090
2.031.471
1,743,001
875,514
765.513
712,396
631,617
768.510
659,496
499,800
425,830
441,507
331,032
341,293
317,671
324,231
261,211
214,694
293.522
88.554
—12.5
+ 20.5
+ 21.9
+16.7
+ 22.2
+ 20.2
+ 7.6
11.8
+ 5.0
+3.5
+ 4.9
+ 12.4
—9.0
—11.6
+ V .2
+ 40.9
+ 15.9
+ 0.8
+ 4.0
+ 8.0
+ 0.9
+ 43.8
+ 24.9
—4.9
+ 4.5
+ 20.5
—
294,010,480
+ 12.4
10,031,813
+ 23.3
J t).0
8.324.477
+ 39.2
3,849,512
4.202.473
-f-6S.S
3,587,097 + 53.1
3,643.653 + 20.7
—6.3
758,306
440,S77
+ 28.5
+ 21.7
300,82s
2,894.359 Not Included in total
Not Included in total
+ 18.2
+ 6.3
+ 0.2
+ 1.7
+ 25.0
+ 25-9
+ 5.7
—5.7
+ 17.4
—
24.379,800
623,647
590.153
489.924
401,300
089,074
442,590
509,400
497,982
367,739
245,984
29S.941
179,348
301,569
302,825
300,055
283,282
319,651
—
260,000
207.143
310,297
228.794
218.259
95.280
199,353
82.760
‘
88,027,599
21,102,341
686,451
+ 14.9
+ 5.9
+ 5.7
30,305,962
19,490,058
10,419,049
9,788.889
7,070.870
5,899,598
2,073.135
2,128,414
1,115.037
77,819.499
77,732,791
69,753,275
47,549,818
30,882.871
32.202,372
27,418.458
25.274.688
24.752,141
22,719,551
22.057,970
840.797
£ 379,714
178,518,904
+ 25.7
+ 9.7
+ 15.2
+ 18.7
+ 18.5
+ 14.5
+ 18.6
+ 21.1
+ 13.5
+ 28.0
+ 12.6
+ 1.3
+ 18.5
+ 22.5
+ 21.8
In total
93,546,791
987,907
203.429,881
+ 20.3
229,443,102
151,144.497
99,056.500
102.303.113
1,012,911
1,025.162
185.061.031
1,323.100,318
420,727,937
1,360.914.325
998,899,553
348,944,002
1.744,84$
233.716,720
25,807,300
14,698,261
11.540,777
10,280,341
7,051,972
5.573,300
4,645.822
2,876,590
2,200,953
1,791,159
1,829,372
906,108
802,829
800,647
575.000
679,729
706,782
704,000
493,473
+ 9.3
+ 1.7
8,201,345
5.872.798 + 27.9
Not Included In total
Not included in total
17,930.597
14.910,111
12.197.994
10.410.537
8.131,328
4.699.189
Not Included
2,847,982
2,720,816
+ 0.8
1-20.5
19,595.292
3,02o .016
+ 12.5
+ 9.8
+ 12.5
+ 8.4
+ 10.9
63,738,782
12,792.301
290,258,090
162,071.170
122,8512.132
110.270,137
89.105.225
40.244.953
31.945.027
6,040,56$
—
1
•
141 ,597,964
35.139,036 + 152.2
23,790,762
+ 27.6
15,982,710
+ 21.9
8,707,448 + 18.8
7,968,011
5.858,332
4,470,827
2.534.709
1,796,245
917,000
981,090
713.050
743,305
606,061
413,241
264.186
1.103.593
76,871.830
62,185,943
16,596,020
11,016,898
9,277,690
6,310,500
4.786,705
4.020.581
3,028.704
5,243,956
3,286,250
2,528.816
2,072.781
1,832.845
1,533.888
1.327.513
1.309,713
1.530,332
1,244,201
1,131,720
1,216.910
485.584
+ 22.8
+ 20.8
+ 32.0
+ 5.5
+ 18.5
+ 21.6
+34.9
+ 22.2
—1.8
+ 17.1
+23.4
—20.5
+19.4
+23.0
+ 8.6
—10.7
+ 7.1
+ 14.5
—6.3
+ 13.2
+ 1.5
+ 5.9
—29.0
—7.9
+ 48.3
+ 33.5
+ 28.2
—21.9
+20.4
+ 20.5
—12.1
—0.8
280.796.916
32,207,127
10,038.943
4,225,789
3.200,033
3,309,334
2.451,061
2,816,875
306,845
424,852
271,789
246,706,326
26.521.528
6,872,089
3,494,316
2,354,625
2,599,429
2,322 ,s!4
1 ,S5U ,723
490,851
317,596
232,272
59,433,248
20.592,176
18,430,479
813^21321
7.012.099
5,293,783
4,173,773
2,592,022
1.586,911
692,745
1,013,156
47,065,243
17,874,986
10,324,160
8,070,332
5,413,602
3.936,774
1,100,362
836,0y6
CaO.OOO
450,294
387,451
152,352
—
72.458.924
57,962,142
15,424.476
10,024,067
6,611.262
4,928,000
5.307.184
4,274,457
2,541,864
3.110.462
3.210.667
2,050,000
1,690,536
1.714.124
1,580,068
1.103,851
4.813.970
2,179,067
1,243,935
761.044
1,000,894
452,861
525
142.555
—
57,586,204
40,196.127
14,100,578
10,468,792
51272,733
3,390,000
4.063,748
4,032,204
2,168,576
2,124.277
2,311.243
1,451,694
1,632,930
1,200,743
940.053
1,068.02$
—
987,319
7301510
612,608
1.7
842.843
940,231
+ 0.7
1.009,840
+31.0
450,224
1,030,000
350,000
284,532
340,000
183,023
126.404,149
99,202.565
—
+ 20.0
+ 57.1
+ 0.9
1,250,000 + 36.0
Not Included In total
Not Included in total
899,625
939,055
500.000
350.000
257,158
134,930,720
1,102.009,793
54,095.928.840
12,015.100
12,784,189
11,820,345
9.859.585
9,150,400
S,087,038
1,093,176 Not Included
+ 9.0
—2.1
+ 14.0
37,556,300
33.549,805
28,124,792
15.184.230
14,402,642
41.110.933
19,143,254
—
19,890,942.0031 18.2.53,245,403
12.030.909,343 12.902,155.095
Outshle New York.
4,909,381,529 4,358,919.528
rs^
08,987,229
55.888,730
100,797,670
.
2.080.144,550 2.955.403.828
2,780,905.177
054,038,360
208,918,025
158,989,707
111,913,509
90,039,000
9X3,975,0S7
—
—1.2
+ 8.7
Total all..
441,111,000
201,140,061
S
„
2.584.109,150
54.730.339.301
601,515.903
Total Southern
+ 1.4
+ 22.5
+ 8.5
+ 22.4
+ 20.4
+ 3.9
+ 7.0
+ 22.0
+ 14.0
+ 31.5
+ 25.9
+ 9.3
+ 21.1
+ 13.7
870,023,041
109,022.350
09,585,871
3.354,309
2.031.507
3.381.775
2.938,088
Rockford
Akron
Canton
Bloomington
13.5.588,900
60,489,047
40.330,721
30.704.812
31.501,200
27,033.802
16f939,29.5
10.000.723
8,194.910
7.836.457
3,228,309,493
3,010,915.312
+ 7.1
1 020,7 43.170
.3.009,110
.
1,839,671.097 2,235,932.798
3,446.796,201
4.001.007.491
484.334,750
293,725,970
220,507.458
185,890,319
137,122,950
90,110,200
72,791,554
50.111,502
40.983,740
37.391,179
33,308,757
17,384.897
14,981,728
13,540,13.5
12,205.452
13,144.002
11,383.948
11.897,582
9,040.313
9.040.40.5
8,750,135
7,505,840
6,225,815
7,972,794
6.710,075
4.579,088
5.157,823
2,348.404
1,904.877
771,421,017
1904.
1905.
—5.4
3.054.072,080
137,472,200
65.329,814
43.903,771
30,442.991
30,599,802
28,421.175
820.832,309
Inc. or
Dec.
40,984.359,019
2.858,429.554
+ 6.9
+ 2.3
+ 18.0
+ 11.0
+ 16.2
—0.4
+ 0.2
+ 9.9
''+29.0
+ 18.4
+ 17.4
19,000,928
12.051,635
8,729.152
8.912.0.53
1906.
1907.
$
$
$
%
1,577.474,763 1,965,375.611 —19.7 2,207.778.269
153,450,570
138.310,ISO
154.911,807 —10.7
55.094,297
61,307,5101
52,590.132
+ 10.6
12.0
22,911,085
30,053,041
26,432,703
—0.8
6,001.289
7,899,878
7,904,477
4.582,234
5.318,022
+
4.5
5,558,188
3.815,8611
5.553,215 + 31.4
7,296.092
3,713,937
3.509,440 —21.4
2,758.554
1,996,271
+9.8
2,318,192
1,948,555
1.285,795
1,751.420
1,483,111 + 18.1
1,176,083
1,436,306
1.277,489 + 12.4
1.132,117
1.170,525 + 14.4
1,338,858
948,792
1,000,007
+ 4.9
1,111,686
878,396
15.5
1,174,200
992,478
528.727
624,234
+
8.5
677,607
671,169
452,947
647.912 —30.1
—2.5
550,900
489.800
502,400
482,960
507.721 + 289.0
1.974.885
203.177
270,309
254,224
+ 6.3
080,352,575
32,242,600
14,318.015
10.333.S08
8,492,055
7,820,791
7,203,430
4,113,025
2,597,205
1,977,170
125.238,950
70.208,028
50,141.312
44,330,313
32,015,305
25.399,200
18,938.870
12,030,908
10,032,478
9,570,704
8.181.058
3,987,933
.
1.9
+ 8.5
—
Inc. or
Dec.
%
$
—0.3
36,483,093,958
—2.4
2,546,498,099
+ 4.3
908,414,808
+ 3.9
481,085.104
+ 10.0
124.238,225
+ 8.4
97.521.584
88.277,471
+ 44.7
—6.3
07.317.841
+ 11.4
34,218,966
27,187,614 + 25-3
21,876,720 + 12.5
+ 4.6
22.522.506
+ 12.5
18,159,471
+ 1.5
17.957.320
+ 13.0
10,499,781
—3.4
8,899,949
+ 3.9
9,330,900
8,350,508 + 28.0
—4.5
4,843,715
+0.8
3,404,288
Not included In total
Not Included in total
727,501,287
32,981.800
10,970.312
11,472,292
4.521.709
3.350.' >23
2.3 K1.578
2.300.330
Lowell
+ 14.7
+ 23.8
+ 12.1
+ 10.1
+ 19.1
+ 11.8
+ 23.7
S
34,198,987,077
2,484,380,240
947,047,457
500.093,970
144.030,758
105.730,245
127.742,504
63.000,287
38,127,420
34.060,459
24,597,831
23.569,789
20,433.484
18,229.149
11,928,757
8,598,730
9,092,400
10,089,508
4,027.188
3.492,5S1
38,780,385,900
7,795,989
7,053,001
.
—8.8
1906.
—7.3
9.871,488
..
Evansville
2,272,000
2,256,725
1,155,344
1,010,185
%
—10.2
+ 3.0
+ 13.5
+ 2.2
+ 17.0
+ 9.0
+ 40.8
1907.
9.652,377,811
Portland
Worcester
Fall River.
New Bedford.
Indianapolis
2,290,039
Inc. or
Dec.
8,851.035 722
Springfield
Cincinnati
Cleveland
Detroit..
Milwaukee
$
8,543,235,507
023.754.527
220.815,243
118,903,400
32,540.580
24,387,544
22,934.340
17,306,473
8,721,905
6,810,298
0,084,997
5.542,984
4,561.336
4,542,377
2,525-, 2 75
Not Included
Not Included
....
Homestead
1906.
.
_
Franklin
Week ending April 27.
Four Months.
April.
Clearings at—
New York
NO. 2184.
SATURDAY, MAY 4 1907.
VOL. 84.
990,028,214
Table Clearings by Telegraph and Canadian Clearings on Page 1037
+ 4.9
—9.1 3.192,411.088 1,700,378,191
+ 11.4
984.632,819
776.403.140
i 020
THE CHRONICLE
THE FINANCIAL SITUATION.
Politics
to be
[VOL.
LXXXIV.
market values of securities the past two weeks. We
do not, however, look upon that fact as a sign of any
leading subject of discussion permanent tendency in that direction. An individual,
however, wishing to make a short venture, has in the
conditions
at the moment some encouraging features.
reported Tammany Hall arrangement. If that should
In the first place, extremely low rates for call money
turn out to be all it has been claimed to be, it would
mean that the split in the Democratic Party had been
open a free field for the time being for action such as
healed and that New York had thereby become a has not existed for many previous months; then, too,
fairly debatable State for that organization and its security values are ruling very much lower than pre¬
followers.
But aside from that special advantage, vailed when the year opened, and many of them are
would not a united Democratic Party mean a decided much below intrinsic value; moreover, commercial
benefit to the country?
We need at all times for the affairs, taken as a whole, though in a less active state,
best good of the people to have two parties as nearly are in the departments of iron, steel, copper, Ac.,
equal in numbers as possible. With the Tammany not only prosperous to-day, but have a good prospect
break continued there could be no hope for the success of continuance along the same lines.
of the Democratic Party in any election—city, State
But there is another side to this picture. The crops
are reported in
or national; with the breach closed up there would be
a serious condition by all authorities.
There are reasons for the belief that our prosperity is
a nucleus about which an opposition could coalesce
and Democracy once more have a fighting chance. on the wane.
Proof of the truth of that, statement
The existing situation of discord has been one circum¬ is found in the exhibit of commercial failures for April
stance among others that has made the Republicans compiled by Messrs. Dun A Co. this week.
Whether
confident of continued power and wholly reckless in we compare it with April 1906 or with the earlier
policies adopted. They have felt that- they had the months of the current year, it tells the same story and
country at their heels, that they could do with it as in so many ways. First of all, it seems that. though the
they willed in the matter of legislation, picking up aggregate number is about the same as, a year ago,
SI 1,082,096,
every socialistic error afloat as the ball rolled on, con¬ the total liabilities this year reached
fident that they could keep their followers, getting against only $8,059,649 a year ago.
Moreover, a
more and more numerous and powerful, consolidated
glance at the detailed returns shows that the important
bv party machinery and by bold laws they were enact¬ increase in liabilities this year is largely from the aug¬
ing, declaring it to be a crime to reject or violate any mentation of liabilities arising through manufacturing
legislative edict adopted by their leader. That is bankruptcies, that- branch of industry reporting $6,about the character and direction of the -road along 060,341 in 1907 against but $2,122,3*28 in 1906.
The
volume
of
liabilities
which parties have been drifting,
among
general
traders were also
A good stiff political
contest in coining elections might materially modify
moderately larger than last year, the total being S3,and perhaps wholly change the tide of affairs.
485,251 against $3,190,302.
For the four months of
1907 the aggregate liabilities of failed firms reached
seems
the current week.
a
The chief conundrum has been the
Some such result has gotten to be one of t he possi¬
bilities the outlook has in store for the country by
virtue of the defeat the attempted Kelsey removal
has met with.
The
prevailing idea has been hitherto
that the President was a marvelously popular man; in
fact that all or nearly all the voters of both parties
were intent on doing his will and following wherever
he led.
The vote on the Kelsey matter Thursday
night left very little ground for any such opinion to be
based upon.
Of course, the attempt is and will be
to charge the defeat of the proposed removal of Kelsey
upon the Governor’s unpopularity.
That might have
been urged with some degree of success had not Presi¬
dent Roosevelt clearly and loudly not only espoused
Mr. Hughes’s attempt. but removed one Federal official
who was believed to stand in the way of the Governor’s
plan and appointed another in his place who was ex¬
pected to aid that endeavor; moreover, having thus
put his own popularity at stake, he went further and
threw in the scales the whole power of the United
States Government and the appointments to office
which were within his gift as President—and yet how
disastrously he has failed. Ten Senators out of Mr.
Roosevelt’s own party voted against the proposition
and only 17 in its favor; leaving the inference incon¬
testable that the President’s popularity is made up of
the same unsubstantial stuff that Mr. Bryan’s was.
We caiYfind
particular alteration in conditions
a renewed spasm of speculation.
there has been a moderate advance in
no
which tend to favor
To be sure,
$43,157,687, which contrasts with $41,820.756 in 1906
and $38,119,371 in 1905.
A
probable explanation of the decided falling off in
of one of our leading cereal
products—corn—the current fiscal year, is to be found
in the annual report of Mr. Frank H. Mason, ConsulGeneral at Paris.
The radical decrease, as compare* 1
with the preceding year, in the outward movement of
that important cereal has been a notable feature of
recent monthly statements of our foreign trade; but
the cause therefor was no t readily ascertainable.
The
diminishing movement has particularly attracted
the volume of exports
attention for the
world’s main
reason
that the United States is the
of
supply of cor n (as it is of cotton)
approximately 75% of the aggregate world’s produc¬
tion coming from this country.
Mr. Mason’s report,
however, seems to explain what to most people hereto¬
fore was largely a mystery.
He states in effect that
from all those handling American corn in France there
are complaints that an excessive percentage of the
source
cereal has arrived in
heated state, becoming so in
transit from America, and arriving i n a musty. damaged
a
condition, greatly impairing its
value and rendering
dangerous for certain uses. In stances, he intimates,
are cited in French agricul tural journals of large parts
of cargoes being found to be musty or otherwise in poor
condition, and frequent ly showing evidence of sprout¬
ing. According to Mr. Mason, the fact that much of
our crop is harvested late in the fall (when the weather
is cold and wet) and insufficiently dried when shelled
it
may 4
1907.J
1021
the chkonicle-
explains the condition in which it has arrived abroad
the current season.
He further says that a more rigid
inspect ion here is necessary in the interest of the export
trade, as c orn from Argentina, which comes into direct
competition with the American product, arrives in
uniformly good condition.
If this criticism of the condition in which our corn
reaches foreign ports was singular to France, it would
not, on its face, appear to be of great importance, for
that country takes from us a comparatively small
quantity of corn or any other cereal. But if there is
cause for complaint in France, how about the United
Kingdom, Germany and other countries of Europe
with whom the great bulk of our foreign trade in
cereals is carried on? As already intimated, France
absorbs an inconsiderable portion of our corn an nually;
and in the elapsed portion of the current fiscal yea r she
has taken only about ll4 million bushels against
nearly 2% million bushels for the like period of 1905-06.
But our exports to Great Britain have dropped from
3914 million bushels in the 9 months of 1905-06 to
22^4 millions in 1906-07, shipments to Germany have
declined from 21J4 millions to 10 millions, and the
movement to the remainder of Europe exhibits an
even greater ratio of decrease.
On the other hand,
Great Britain has drawn increasing supplies of corn
from Argentina, from Russia and from Roumania, and
it is to be presumed that Germany and other users,
but not producers, of the cereal have done likewise.
Does it therefore not seem reasonable to believe that Mr.
Mason's report contains matter that should be seri-j
ouslv considered and a proper remedy applied?
The
loss in value of corn exports thus far in the current
fiscal year (211/2 million dollars) is more than the total
falling off in value of breadstuffs sent out.
One feature with reference to money may
make the
long continuance of the condition of great ease at this
centre a not wholly dependable circumstance. We are,
to be sure, reaching, the season when accumulations
of currency at New York from the interior is a usual
movement.
Since April came in that flow has been
outward instead of inward.
Moreover, Secretary
Cortelyou (judging from his course hitherto) is likely
to keep the Sub-Treasury from absorbing currency in
coming months, although his holdings of cash in SubTreasury May 1 1907 was about 15 million dollars less
than the amount so held at the same date May 1 1906
and about 23 million dollars less than it was May 1 1905.
In view of these facts, domestic movements of money,
it would seem, are not likely to affect the New York
market adversely to a material extent.
The arrival in London on Saturday of last week of
the unusually large consignment of $5,500,000 gold
from South Africa gave rise to some speculation as to
Monday announced that the Bank of England had
bought only a little more than half of the consignment;
and to get that it was required to outbid the Bank of
France, paying therefor 77 shillings 93^ pence per
ounce—an advance of half a penny on the previous
market price.
The Bank of France obtained $1,500.000 and the India Council took the remainder.
Next
expected that a consignment of about
$1,000,000 more will arrive from the Cape and possibly
competition therefor will cause a further advance i»
week
is
it
the market
price.
That the French Bank’s
requirements are greater
than has been recently stated appears from mail ad¬
vices, which indicate that the advances it made to
London early in the year—in order to relieve that
market and prevent an advance in the Bank rate,
which was then threatened—amounted to $15,000,000;
moreover, the balances of French bankers in London
are said to be much larger than is generally supposed.
Should, therefore, the Bank of France continue to
draw gold against the remainder of its advances, and
if the French bankers should recall their balances, it
seems likely that not only will firm discounts be main¬
tained in London, but even a higher price for gold than
that now ruling mav be established.
This situation
might possibly become so tense as to end in a consider¬
able movement of gold to France from the United
States.
The return of the United States
the March
ing both
Steel Corporation for
week, is interest¬
showing that the unexampled activity in
quarter, issued the present
as
the steel trade continues
unchecked, notwithstanding
adverse developments affecting the pros¬
perity^ the railroad interests, the largest consumers
of iron and steel products, and also as indicating that
the Steel Corporation maintains unimpaired its mar¬
velous record of profits.
On the first point a tell-tale
of prevailing conditions is furnished in the figures
which report the unfilled orders on the books of the
Corporation and its subsidiary companies at the end
the many
At that date, it
appears, the unfilled orders totaled 8,043,858 tons.
This is, with one exception, the largest amount ever
reported at the end of any quarter of any year. On
December 31 1906 the aggregate was somewhat larger,
being then 8,489,718 tons. But prior to that date
of the
quarter, namely March 31.
footed up as much as 8,000,000
tons.
The falling off in the total since December
would appear to possess no significance, inasmuch as
it is usual for the totals to run off a little in the March
these orders had never
when the start is from very
figures following a preceding period of depression.
The same thing was observable a year ago when the
unfilled orders, after being reported December 31 1905
the effect which would be produced upon the London at 7,605,086 tons, were given as 7,018,712 tons March
market of the disposition of this metal.
If it should 31 1906. It will be observed that the present year
be wholly secured by the Bank of England, which has the figure for March is a full million tons larger than in
latterly had no active competitor for gold, it would March last year, and, as compared with the earlier
On March 31
contribute to an augmentation of its reserve and prob¬ years, the differences are still larger.
1905 the unfilled orders were 5,597,560 tons; on March
ably to lower discounts. If, however, the Bank of
Franee should compete for the gold, and through such 31 1904 they were 4,136,961 tons; and on March 31
competition obtain any considerable portion of the 1903 the total was 5,410,719 tons. Evidently, there¬
metal, such success of the Bank might be an incentive fore, the plants of the Steel Corporation are assured of
for its bidding for further consignments as they ar¬ work for a considerable time to come, even if some re¬
rived, and therefore the movement of gold to Paris action in the iron and steel trades should develop in
the near future.
might no longer be free or unobstructed. The cable on
quarter, except,
low
of
course,
1022
The dividend
THE CHRONICLE
on
the
[Vol.
iixxxrv.
stock of the
Corpora¬ by an increase in the amount of travel. A moment’s
advanced, the declaration having reflection, however, will convince any one that in
been one-half of 1% for the quarter, the same as for
thinly settled communities, where the demand for
preceding quarters since payments on these shares were reduced rates is usually most insistent, the
opportunity
resumed in 1906.
But this restriction of the dividend for an increase in travel is
extremely slight. The
is simply a matter of policy with the directors.
The number of inhabitants is so small that there is
simply
profits continue to be enormous and the company is no chance to stimulate travel.
However, it is not
continuing its practice of devoting very exceptional necessary to theorize when there are actual facts avail¬
amounts of earnings for the purpose of
building new able, based on experience, to show the fallacy of the
plants and for making improvements and extensions. notion. In the recently issued annual
report of the
The March quarter never ranks as one of the
very best Grand Rapids & Indiana Railway, President
Joseph
quarters of the year in the matter of income. and there¬ Wood makes some pertinent observations
bearing on
fore the present figures establish no new record in that
subject. Mr. Wood points out that the revenue
that respect.
Present results, however, surpass those received from passenger fares by his
company increased
for the corresponding period of
any preceding year, from $1,232 per mile of road in 1897 to $2,613 in
1903,
and they do not fall very much below the
highest totals or 112%, an average increase per year of about 19%.
of other quarters. The net earnings are
always given On April 14 1904 the maximum fare on that road in
after deducting all expenses incident to
operations, Michigan was reduced from 3 cents per mile to 2x/2
including those for ordinary repairs and maintenance cents per mile. The result was that from 1903 to 1905
of plants, employees’ bonus funds and interest on bonds the revenue
received from passenger fares per mile of
and fixed charges of the subsidiary companies. The road increased from
$2,613 to $2,636, or only 1.3%;
net on that basis for the three months
an
ending March 31
average of but 6-10 of 1% per year.
For the
1907 is $39,122,492.
It deserves to be stated, how¬ entire United States, Mr. Wood notes, the
passenger
ever, that a change inaugurated the present year in revenue
per mile of road increased from $1,376 in 1897
the matter of treating certain items in the accounts to
$2,054 in 1903, or 47%, an average of 8% per year.
common
tion has not been
makes the amount smaller than it would otherwise
appear.
Beginning with 1907, the requirements for
certain
renewals at blast furnaces are deducted before
arriving
at the net.
In the final result this departure works
From 1903 to 1905 the passenger revenue increased
from $2,054 per mile of road to
$2,179, or 6%, an aver¬
of 3%
five times the percentage of
increase of the Grand Rapids & Indiana
Railway,
although the maximum fare on that road in 1905 was
no change, as the contributions to the
reserve funds
2l/2 cents as -against 3 cents in 1903. Mr. Wood well
which come out of the net earnings are
correspondingly says it is an established fact that the volume of passen¬
reduced.
But in taking the amount out
before stating ger traffic of a railroad is dependent upon the density
the net instead of after, the effect is to reduce
by ap¬ of population and business conditions and not on the
proximately $200,000 per month the amount of the rate of passenger fare.
earnings reported. Hence, for the three months the
Air. Wood also shows what an unfortunate condition
difference against 1907 on that account is
$600,000. the Michigan roads find themselves in. The total mile¬
In other words, except for this
change, the net would age of railroads in Michigan is 8,582 miles. It appears
be approximately $39,722,000 instead of $39,122,492. from the last
published report of the Commissioner of
On that basis comparison is with net of
$41,750,126 in Railroads of Michigan that for the year 1904 the
the December quarter of 1906 and with
$40,125,032 stockholders of exclusively Michigan roads received
for the June quarter of 1906, these
having been the dividends averaging 32-100 of 1%; that the railroads
best previous quarters. Otherwise the present March
having the greater part of their mileage in Michigan
results stand unexcelled.
In that quarter of 1906 the paid dividends to their stockholders
averaging 1.24%.
net was $36,634,490, or $3,000,000 less than in
1907; Those roads having the smaller percentage of mileage
in 1905 the amount was only
$23,025,895, and in 1904, in Michigan paid to their stockholders dividends
which was the period of extreme
depression in the trade, averaging 5.6%. Mr. Wood says it cannot be charged
it was but $13,445,231, or only one-third this
year’s that the railroads of Michigan are over-capitalized,
amount.
Out of the $39,122,492 net for 1907 the and hence it would
seem only just that stockholders of
company contributed $6,405,869 to sinking funds and railroads should have a fair return
upon their invest¬
to the various depreciation,
reserve, improvement and ment, provided the roads at the same time
give the
replacement funds, and then appropriated full $14,500,- public at reasonable rates as
good service as conditions
000 for capital expenditures made and to be made on
justify. The money is invested under an implied con¬
authorized appropriations for additional
property, con¬ dition that it should not be legislated out of a reason¬
struction and discharge of
capital obligations. In able return on the investment. This is an
argument,
other words, out of the quarter’s net of
$39,122,492, of course, that cannot be controverted.
no less than
$20,905,869 was applied towards capital
expenditures or in reduction of capital obligations.
The great increase in the
operating cost of United
The call for interest on Steel
Corporation bonds was States railroads is being strikingly reflected just now
only $5,685,615, and the quarter’s dividends on both in the monthly and
quarterly returns of many different
preferred and common shares took no more than roads. Some companies, favored
by extraordinary
$8,846,432. Over and above all, a surplus balance amounts of gain—the Atchison
Topeka & Santa Fe,
for the three months remains in the sum of
$3,684,576. for instance—are able to report improvement in net
in face of a very large
augmentation in expenses. But
The advocates of lower
passenger rates for the rail¬ instances of the other kind are much the more numer¬
roads quite generally urge that any loss of revenues
by ous. Even the Southern Pacific Company, which
reason of reduced fares is certain to be
compensated previously formed such a conspicuous exception to
age
per year, or
May 4
1023
THE CHRONICLE-
1907.]
general rule of decrease, and recorded extraordinary
gains in net, this time in its return for March shows a
heavy loss in net, amounting for the month to $568,908.
Yet the gross earnings increased $1,115,786. The
diminution in net follows entirely from the very great
increase in the expenses, which were added to in
amount of $1,684,695.
An explanatory foot-note
states that the interruptions to the regular movement
of trains caused by unprecedented storms and wash¬
the
$1,372,500 in expenses in face of an increase of only
$1,112,900 in-gross revenues. It is important, how¬
ever, that the fact should not be lost sight of that com¬
parison now is with exceptionally satisfactory returns
in previous years.
For instance, in March 1906 the
combined lines showed no less than $2,789,200 im¬
provement in gross and $1,257,600 improvement in
net.
Moreover, that followed $1,293,600 increase in
gross and $644,500 increase in net on the combined
In March 1904, though, there
outs on the Pacific System lines of the company lines in March 1905.
caused a congestion of traffic which added heavily had been $551,500 decrease in gross and $1,104,600
Prior to that time the record had
to the expenses for overtime and for per diem pay¬ decrease in net.
ments for the use of delayed cars, &c.
The expenses been one of large and continuous gains for many years.
In the following wre report the gross and net of the lines
were also increased, we are told, by the greater rate
charged per diem for the use of cars, greater cost of East of Pittsburgh and Erie for the last six years—
being the only portion of the system for which we have
fuel, and increases in wage schedules, &c.
the data for such a comparison.
The New York Central statement for the March
quarter made public yesterday also reveals very un¬
favorable
comparisons by reason of the increase in
expenses.
Gross earnings for the three months were
added to in amount of $496,515, but this was attended
by an augmentation of $2,755,109 in expenses, leaving
loss in net of not less than $2,258,594.
This loss was offset to the extent of $767,834 by in¬
therefore
creased
a
income
from
investments
(larger dividend
payments on Michigan Central and Lake Shore shares,
&c.)> but that still left a loss in net income of nearly
1J/2 million dollars—$1,490,760. At the same time
fixed charges increased $203,096.
As a consequence
the sum available for dividends was reduced, as com¬
pared with the corresponding quarter last year, no
less than $1,693,856.
In fact the amount left for
dividends was no more than $219,492, while at the
same time the call for dividends was $814,507 heavier
(amounting to # $2,679,480) than in the same three
months of 1906, owing both to the increase in the divi¬
Lines East oj
1907.
Pittsburgh.
1906.
1905.
March.
$
$
8
Gross earnings. 13.106,969 12,531.269 10.4S4.469
10,013,160
8,913,060 7,958,860
Oper. expenses
Net earnings
3,153,S09
3.61S.209
2.525.609
1904.
1903.
$
S
1902".
7,593,985
7,434,585
$
8.062.332
5,585,310
2.030.419
2,704,019
2,477.022
9,624,404 10,138.604
Jan. 1 to Mch.Sl
Gross earnings. 37,203.541
35,357.841 28.355.341 26,443.702 27,935,302 23,115,737
Oper. expenses 29,118,224 26,305.624 22.968,824 21,958.187 21,549.787 16.176,217
Net earnings
S.0S5.317
9,052.217
5.386,517
4.4S5.515
6.385,515
6.939.520
For the three months to March 31 the
Pennsylvania
present year shows $1,845,700 gain in gross, with
$2,812,600 increase in expenses on the Eastern lines and
$1,334,700 increase in gross, attended by $1,211,000
increase in expenses on the Western lines.
In brief,
on the combined lines there has been $3,180,400 in¬
crease in gross, with $4,023,600 augmentation in ex¬
penses; so the company is $843,200 behind in its
the
net for the three months.
There
change in official rates of discount by
any of the European banks this week; compared with
dend rate and the increase in the amount of stock out¬ last week, unofficial, or open market, rates were steady
standing on which the dividend has to be paid. In at London and at Paris and % of 1% higher at Berlin
It was announced on Friday that an
other words, the company in this quarter failed to and Frankfort.
earn the 1}4% dividend by $2,459,987.
Of course India Council sterling loan of £3,500,000 3^% stock
the succeeding quarters are certain to show very much had been issued at London at 98)^
The feature of the statement of the New York
While the increase in expenses will
better results.
continue so far as it is based on the higher prices Associated Banks last week was the unexpectedly
paid for wages and supplies, on the other hand certain slight gain of $146,900, instead of an important
special items of increase resulting from the severe loss in cash. The surplus was increased by $641,950
winter and from floods, &c., will not be repeated in the to $12,346,775, as the result of a decrease of $495,remaining quarters of the year. It should also be 050 in reserve requirements. Loans were contracted
remembered that, from April l,on the company will be by $1,587,300 and deposits decreased $1,980,200.
comparing with the period of the bituminous coal The bank statement of this week should reflect the
strike last year, which then had a decidedly unfavor-, shipment hence to Canada of $1,700,000.
able effect upon the company’s traffic and income.
Inactive speculation on the Stock Exchange and
After all has been said, however, it still remains true
that the results for the first Three months leave a large consequently a light demand for loans by commission
houses contributed to a decline in rates for money on
loss to be made good in the succeeding nine months.
call early in the week to the lowest usually recorded in
The Pennsylvania Railroad return for the month of periods of extreme monetary congestion.
Some calling
March is also notable for the large increase disclosed of loans incident to dividend and interest disburse¬
in the expenses.
On the lines West of Pittsburgh and ments and to payments on syndicate account, and also
Erie an increase of $477,200 in gross has been accom¬ the transfer of deposits to a newly organized bank,
panied by an addition of only $272,400 to expenses, caused an advance in rates on Wednesday to 4%, and
leaving a gain of $204,800 in the net. But on the lines thereafter the market was moderately active. Time
directly operated East of Pittsburgh and Erie, with loans were easier for the shorter and steady for the
$635,700 gain in gross, the addition to expenses has longer maturities, with a very small volume of busi¬
been $1,100,100, causing a falling off in net of $464,400. ness, and corporation notes were somewhat influenced
For the combined lines, therefore, there is a loss in net by the new issue of Atchison bonds at a maximum
of $259,600,
occasioned by an augmentation of rate of interest for this class of securities.
was no
[V©ti.
THE CHRONICLE.
1024
market
LXXXIV.
77
London
fio
sMRiiigs 934 pen.ee; per ounce,
call, representing bankers’ balances,
loaned at the Stock Exchange during the week at 4% as the result of the active competition between the
and at 1%, averaging about 2%%; banks and trust Banks of England and of France for the metal
from South Africa.,, which was offered on that day,
companies loaned at 1%% as the minimum. On
Monday loans were at 2% % and at 1%, with the bulk appeared to indicate that hereafter goM* withdrawals
of the business at 2%%.
On Tuesday transactions for export would he obstructed, through this device,
if they should become important in vokime.
were at 2%% and at 1^%, with the majority at 2%.
Nominal quotations for sterling exchange are 4 84
On Wednesday loans were at 4% and at 2%, with the
bulk of the business at 3%.
On Thursday transactions for sixty day and 4 87 for sight. On Saturday of last
were at 3% and at 234%
with the majority at 234%. week the market was firm and, compared with the
On Friday loans were at 4% and at 2%%, with the previous day, long rose 10 points to 4 8330@4 8340,
bulk of the business at 3%.
Time loans on good short 5 points to 4 8610@4 8620 and cables 10 points
On Monday long fed 10 points to
mixed stock collateral were quoted at 334% f°r sixty to 4 8650@4 8655.
4 8320@4 8325, short rose 6 points to 4 8615@4 8620.
and 3*34% for ninety days, 4% for four and 434% f°r
and cables declined 5- points to 4 8645<g}4 8650.
On
five to six months; one feature was an advance in
over-the-year money to 534%- Some business was Tuesday long fell 5 points to 4 8315 @ i'8320, short 5.
done at 334%- for thirty days on industrial collateral. points to 4 8610@4 8615, and cables 5 points to
On Wednesday long recovered 15
There was a fair demand for corporation notes of first 4 8640@4 8645.
class, such as Pennsylvania 434%, due m November. points to 4 8330@4 8335,- short 15 points to 4 8625 @
4 8630 and cables 20 points to 4 8660@4 8665.
On
There was a broader market for commercial paper, with
good buying by Boston and other New England banks; Thursday, while long was higher at 4 8340@4 8350,
the supply showed some increase and rates were and short was unchanged, cables wei?e 5 points lower
at 4 8655@4 8665.
The market wassstrong on Friday
534 @6% for sixty to ninety day endorsed bills re¬
at an advance of 10 points for longy. of 15 points for
ceivable, 534 @6% for prime and 6% and above for
short, and of 20 points for cables .
good four to six months single names.
The following shows daily posted rates for s terling
The Bank of England rate of discount remains un¬
exchange by some of the leading drawers.
changed at 4%}. The cable reports discounts of sixty
Fri.,
Thurs.,
Mon
Tices..
Wed.,
Fri..
3
1 May, 2 May
Apr. 27 Apr. 29 Apar. 30 May
to ninety day bank bills in London 334%The °Pen
84
8i
'84
4
84
100 days
market rate at Paris is 334% and at Berlin and Frank¬
87
87
87
87
87
.'.Sight
Bros. & Co
84
34
84
.84
84
j
60 days
Baring
*7
87
87
fort is 434%.
87
87
87
According to our special cable from
.1 Sight..
Co.
84'
$4
84 4
4
60 days 4 84.4
Bank British
87
87
87
874
Ji Sight.- 4 874
874,.
London, the Bank lost £433,330 bullion during the
North America
84
j <50 days
Bank of
87
87
87
87
87
.1 Sight.
.Montreal
week and held £35,757,974 at the close of the week.
84
8484
i (50 days 4 84
Canadian Bank
87
87
87'
8?
4 87
Sight
Commerce
Our correspondent further advises us that the loss was
84
84
84
Heidelbach, Ickelj 60 days
87
87
87
87
1 Sight
heimer & Co—
due to the comparatively heavy movement to the in¬ Lazard
34
84
84
160 days 4
87
87
87
87
87
Freres
.j
Sight-.
84
terior of Great Britain.
The details of the movement Merchants’ Bank
84
j 60 days 4 84
Money
on
>
,
Brown
*
-
-
-
of
-.
-
-
-.
.!
84
84
84
84
f
-
84
4 87
4
4
-
4
4
84
87
84
84
84
>4!
84
87
84
84
84
84
37
84
874
,87.4
-
-
_
4
4
87
84
84-.
.
4
into and out of
the Bank were as
follows:
Imports,
£224,000 (of which £16,000 from Australia, £5,000
from Paris and £203,000 bought in the open market);
exports, £140.000
(of which £40,000 to Paris
and
Constantinople), and shipments of £517,the interior of Great Britain.
£100,000 to
000 net to
foreign exchange market was quite inactive this
week, with a declining tendency until Wednesday,
when there was a recovery, due to an increase in the
demand for remittance and also to a meagre supply of
-1 Sight.. 4 8734
of Canada
84
84
87 ‘A
84
87
87
Friday at 4 8350@4 8360 for
The market closed on
long, 4 8640@4 8645 for short and 4 8675 @4 8680
cables. Commercial on banks 4 8315@4 8325
and documents for payment 4 82% @4 83%.
Cotton
for payment 4 82%@4 82%, cotton for acceptance
4 8315@4 8325 and grain for payment 4 83!% @4 83%.
for
The
good inquiry for mercantile settle¬
ments, usual at this season; long sterling reflected the
easier London discounts, francs responded to the de¬
cline in exchange at Paris on London, and marks were
bills.
There
was a
firmer because of a
rise in rates at Berlin on
the British
Commodity bills were offered in small volume
and they were promptly absorbed. There was no
evidence of speculation in futures, the market being
too narrow to encourage such operations.
The re¬
covery in the tone on Wednesday was in part caused
by purchases to take advantage of the fast mail
steamer, and when this inquiry had been satisfied the
market became quiet, though with a firm tone.
Rela¬
tively lower rates for money in New York than for
discounts abroad continued to be an important factor
in the exchange situation, and the apparently increasing
demands by French bankers for gold in settlement for
balances, which were being withdrawn from London,
seemed"to indicate that there would be no immediate
change in the discount rate at the British capital.
The advance on Monday in the price of gold in the
capital.
following gives the week’s movement of money
and from the interior by the New York banks.
The
to
Shipped try
Reccii'fd try
Week ending
Currency
Gold
- - -
..
..j
-
$5,046,001)!
904.000
j
$6.747.000:
1,116.000 Loss
as
follows.
i
Week ending
May 3 1907.
Banks' interior movement, as above.
Sub-Treas. oper. and gold imports..
The
in the
$1,701,000
212,000
j $5,950,000
tenders
<•
Total gold
Movement.
Loss
$7,863,000 Loss $1,913,000
Sub-Treasury operations and gold imports the
Total gold and legal
With
result is
Net Interior
\
|A\ Y. Banks. j.V. 1”. Banks. |
May 3 1907.
and legal tenders
Xet Change iti
Bank Holdings.
Into
Banks.
Out of
Banks.
85.950.0001
$7,863,000 Loss
29,400,000 Gain
$1,913,000
Loss
$1,013,000
30,300,000
$36,250,000
$37,263,000
following table indicates the amount
900.000
of bullion
principal European banks.
May 3 1906.
May 2 1907.
Bank of
Gold.
Silver.
£
35.757.974
103,634.780
:
33,692,000
£
1
England..
France
Germany
Russia
Aus.-Hun
Spain
Italy
Neth'lands
Nat.Belg.
Sweden
..
Tot. work
ITev. week
39.208.552
11.231.000
6.125.000
117,391,000
45.595,000 12,523.000
15,469.000 25.388.000
32.337.000
5,184.600
3,203.333!
4,148,000
4,983,100
5.667,000
1,601,667
Total.
£
35.757,974
Gold.
,
£
Silver.
£
32.504.720
142.843,332 119,542,769 42.295.154
44.923.000 30.523.000 12.174.000
4,914,000
123,-516,0001 90,063,000
58.118,000; 46.257,000 12.880.(MX)
24,T
33,000
15.111,000
40,857,000
3.886,700
37,320,100 28,360,000
5,923.300
5.469.300
10,851.600;
1,616.000
3,232.000
4.805,000'
4.148.000
3,833.000
396.412.687 106.727.319 503.140.006 380.395.789
400.539.413 106.892.251 507.431.064 383.570.115
Total.
£
32,504.720
161.837.923
4S.697,000
94,977.000
59,137.000
39.244.000
32,246,700
11.392,600
4,848.000
3,833.000
107.822.154 433.717.943
108.089.122 491.659.237
1025
THE CHRONICLE
May 4 1907.
the electorate is the best
make the experiment. If under such
embodies the actual status of
FUTURE OF THE
RUSSIAN PARLIAMENT.
have seemed this
removed
season to be
from authentic facts regarding
the Russian Douma.
Dispatches which have come
from Europe, based presumably on the special corre¬
spondence of London newspapers, have presented the
most contradictory views imaginable of the condition
prevailing in this second Russian experiment in con¬
More
even
than
a year
ago, we
Pessimistic predictions have
ranged from prophecies that the Douma itself would
lapse into a hopeless clash of irreconcilable theories,
to forecasts of an immediate and violent dissolution
of the Douma by the Czar.
It has not greatly helped
matters that these professed views of the situation
have conflicted wholly with one another.
We suppose
that the average American reader has simply given up
the attempt to understand the situation at St. Peters¬
stitutional government.
burg.
Nevertheless, certain facts have come
to light which
with which to
orderly parliament govern¬
ment breaks down, it is pretty safe to assume that
the cause was the inadequacy of the electorate itself
and their unreadiness for parliamentary government.
The charge of such unfitness has been made, both
this year and last, against the Russian electorate, and
the fair-minded man must admit that there is much
on which to base it.
But, on the other hand, it must
be remembered that the granting of parliamentary
suffrage to the Russian people was not an expedient
adopted because, in the judgment of any statesman, it
was a guarantee of ideal government , but because such
a situation had arisen in Russia as could be removed
only through the granting of suffrage to the people.
The bureaucratic government had been subjected to a
series of tests under each of which it had proved its
own utter incompetency. - The people, aware both;of
the incompetency and of the intrinsic weakness of this
conditions the attempt at
the government, entered upon open revolution. Common
M. sense, no less than the incentive of self-preservation,
led the Czar to try the experiment of a Parliament.
De Martens, the well-known Russian expert on inter¬
That it would work out in practice without trouble or
national law, and one of the Russian delegates at the
friction was at no time expected by any experienced
Portsmouth Peace Conference in 1905, wrote to the
or intelligent man.
The best that any one looked for
London “Times” his personal views of the Parliamen¬
was
a
troublesome period, in which the different
tary situation. He unhesitatingly pronounced the
branches of government after repeated and prolonged
Douma incompetent for the work assigned to it.
This judgment he based on the fact that speeches of friction, would discover the line of least resistance in
their mutual administration of public affairs. This is
a socialistic or revolutionary character had been made
the experiment which has been tried since the calling
from its floors, that its members spoke not as Russians
of the first Douma a year ago.
but merely as members of their several partisan groups,
In so far as authentic particulars of this second
and, in particular, that only about one-fourth of the
Parliament have reached us, we are inclined to think
Douma membership had enjoyed a university educa¬
that it has made a distinct advance in workableness
tion, many of the majority being actually illiterate.
over its predecessor.
It is, to be sure, suffering from
The conclusion which this diplomat reached in the
the vice which besets most of the Continental Legis¬
matter was that the Douma must be immediately dis¬
latures—division into so many factions that agreement
solved, and that the Czar must accompany the edict
any public question is impossible except through
of dissolution by a new proclamation changing the
combination of groups based presumably on mutual
basis of the franchise and calling a new Russian parlia¬
concession. In a membership of something like five
ment under such conditions.
hundred, the two largest party delegations represented
It was naturally pointed out, by people who did not
consist respectively of one hundred and of ninety-six
share M. De Martens’ pessimism, that lie was himself
members, and in addition to these two factions, which
connected with the Russian Foreign Office, and
necessarily prejudiced in favor of the Imperial preroga¬ occupy the opposite poles of social opinion, there are
at least five other parties with sufficiently concrete
tive.
The London “Economist ,” taking up his separ¬
membership to give each of them a distinct voice in
ate arguments, has pointed out with much cleverness
In spite of this fact, it is notorious that
that if the fact of occasional incendiary or revolution¬ legislation.
what business the new Douma has done has been con¬
ary speeches in a parliament would condemn such a
ducted on more intelligent and practical lines than
body, then the British Parliament in the days of Par¬
It has been
was the case with the Douma of 1906.
nell ought to have been so judged; that if a spirit of
pointed out that the present Douma has already been
narrow partisanship disqualifies a member for good
in session nearly as long as last year’s Douma during
work, then a considerable part of the parliaments
the whole of its parliamentary life. This fact, and
now acting in other States must be declared inefficient ,
the repeated ending of what were reported to be ir¬
and, finally, that if the fact that a majority of the
reconcilable disputes between Crown and Parliament,
Douma were not men of high education does away
through harmonious conferences and conciliation,
with hope of intelligent legislation, then the same
shows that at all events the experiment in Paliamentinferences ought reasonably to be applied against the
arv work has not been wit hout results. IJnless some¬
American Congress, the record of whose members,
extracted by the “Economist” from our “Congressional thing has been going on below the surface of which
the outside reader can have no knowledge, it is diffi¬
Directory,” shows no such predominance of highly
cult to see what ground there is for expecting another
educated statesmen as M. De Martens may have
arbitrary dissolution by the Czar.
imagined. We are ourselves entirely in accord with
The slowness with which the Douma has proceeded
this view of the question; are inclined, indeed, to go
in the enactment of practical reforms we cannot re¬
further, and to say that when the experiment of par¬
gard either as evidence of its present unfitness or as a
liamentary government is to be applied in any country
for the first time, that representation which really sign that its future career contains no elements of
sufficient at least to throw some light on
nature of the situation.
A couple of weeks ago
are
,
on
a
J026
hope.
THE CHRONICLE.
On the contrary, it
when the Douma
was
seems to us, as it seemed
convened a year ago, that the
point of extreme danger was a possible stampede of
delegates into such hasty, violent and radical
legislation as marked the two or three first years of
the French revolutionary assembly.
What was the
result of that experiment we all know; we also know,
in the case of similar legislative experiments in AngloSaxon countries, that the logical outcome of a pro¬
longed series of manoeuvres between the legislature
and the sovereign was that each discovered and adopted
as a matter of
self-protection and intelligent policy
the line of least resistance.
Our own hope is—and
the
we
do not consider it unreasonable—that the Russian
Parliament will take
leaf out of this
chapter in the
history of past legislative experiments and will play
its part in constructive legislation without a collapse
of either institution—royalty or representative govern¬
ment
a
.
It is only reasonable to add, in relation to the
re-
peated statements that the Czar is about to take fresh
steps for the dissolution of the Douma, that the Im¬
perial Government is not to-day in the position for
such an experiment which it occupied when the Douma
was dissolved last July.
When that step was taken,
the $440,000,000 external loan had been negotiated,
closed and completely arranged by Witte, and the
Imperial Government was sure of steadily accruing
resources during the next nine months.
Installment
payments on this huge loan were completed last Feb¬
ruary. and in the nature of the case the balance left
available must from now on be more or less steadily
depleted. Furthermore, the Imperial Party is per¬
fectly well aware that the raising of another loan in
France, especially in the present congested condition
of the Paris money market, would be rendered flatly
impossible by another collision with the Douma or
another outbreak of popular revolt.
The fact that,
largely from the proceeds of this loan, the Imperial
Russian Bank has been able within the past twelve
months to add $100,000,000 gold to its home reserves,
is undoubtedly important.
It would be more import¬
ant if the possible danger
confronting the autocracy
were known.
The experience of the winter of 1905
showed what happens to such a home reserve when
confidence in the stability of Russia’s Government
is shaken both at home and abroad.
THE
NEW
Another
MOVE
TO REDUCE PASSENGER
RATES IN VIRGINIA.
has
just been made in the effort to
reduce passenger rates in Virginia. The State Cor¬
poration Commission has issued an order fixing 2 cents
a mile as the maximum
passenger fare for all the larger
and important companies having lines in that State.
Some exceptions are made in the case of certain
spe¬
cifically enumerated companies, which are allowed to
charge from 2j/£ to
cents per mile; but these are
simply a few very'minor lines. Nominally the roads
are divided
into four classes or groups;
actually
everything of importance is put into the first group,
move
where the maximum fare is fixed at 2 cents.
That
this is no misstatement of the facts will appear when
we say that the first
group comprises the Louisville
A Nashville, the Norfolk A Western, the Southern
Railway, the Chesaj>eake A Ohio, the Atlantic Coast
Line, the ISeaboard Air Lme, the Richmond Fredericks¬
[Vom
lxxxtv.
burg A Potomac, the New York Philadelphia & Nor¬
folk, the Washington Southern and the Virginia &
Southwestern.
The movement to cut rates in Virginia has been
under way for over a year, but has been hindered
and delayed by numerous court impediments.
We
have referred to the matter several times in these
columns as each new development came up, and a
brief outline
now
last fourteen
or
of the events and
happenings of the
fifteen months will not be uninterest¬
ing.
The first step was taken in the Virginia Legis¬
lature. But that body, in its zeal to force an imme¬
diate adoption of the 2-cent rate, over-reached itself,
and accordingly the courts interfered.
At its 1906
session the Virginia Legislature enacted a law with
regard to the subject which was approved March 15
1906. The new law required the State Corporation
Commission “to fix and prescribe a schedule of rates
for the transportation of passengers by all transpor¬
tation companies or corporations,” and provided
further that “until such rates are prescribed by the
State Corporation Commission all transportation com¬
panies or corporations operated by steam shall at all
times keep on sale at each and every station mileage
books of 500 miles and over.’*
exceed 2 cents
The rate
was
not to
mile, and the mileage books were to
good and valid for the use of any dependent
household member of the family of the party to whom
issued, dwelling under the same roof, within one year
a
be “
from the date of same.”
The law is known
the Churchman
Bill, and at the
Attorney of the Common¬
wealth instituted suit against the Baltimore & Ohio
Railroad to compel that company to place on sale
mileage books of 500 miles each at $10 per book.
The railroad company demurred on a variety of grounds
as was pointed out in our issue of
July 21 1906 (page
121), and Judge Henry W. Holt in the United States
Court at Staunton, Va., sustained the demurrer and
held the law unconstitutional as being in violation
as
instance of its author the
of the Fourteenth Amendment of the Federal Con¬
stitution.
A little later the State Corporation Com¬
mission itself in another case—in
action
the
part
Attorney-General of Virginia to compel the
Atlantic Coast Line Railroad to comply with the pro¬
visions of the new statute and;to impose penalties
upon it for its failure to perform its duty in that re¬
spect—also declared the Act void. In this the Com¬
mission was guided by a decision of the U. S.
Supreme
of
an
on
the
Court
in
1899
(Railway Company ws. Smith, 173
S., 684), where a Michigan statute requiring rail¬
road companies to keep on sale 1,000-mile books or
tickets was declared unconstitutional, the Court hold¬
U.
ing that such an arrangement attempted a discrimina¬
operated in favor of those who are able
to purchase tickets at what might be called wholesale
The Virginia Commission declared it was
rates.
bound by that decision, since it emanated from the
highest judicial tribunal in the country.
As narrated, however, by us last August (“Chronicle”
of Aug. 4 1906, p. 236), the Commission after having
announced its acceptance of the ruling of the U. S.
Supreme Court, at once proceeded under its general
powers and issued a notice requiring the railroads to
show cause why they should not be
compelled to make
a fiat rate of 2 cents
per mile on all their passenger
traffic without discrimination in favor of or against
tion which
May 4
any
The present order is the
proceeding. Later the Atlantic
particular travelers.
of that
Coast Line case reached the Supreme
outcome
Court of Appeals
appeal, and that Court also declared the
Churchman law invalid, resting its conclusion/too, on
the U. S. Supreme Court decision in the Michigan case
—see “Chronicle” of Nov. 24 1906, page 1256.
In the
meantime the standing and legality of the Commission
itself had been assailed because of the extraordinary
powers conferred upon it, but on that point the Com¬
mission won a victory, the Supreme Court at Rich¬
mond, Va., on Dec. 6 having handed down an opinion
that the Commission was legally constituted, and
that the validity and constitutionality of the general
scope of its powers were beyond question.
With all this litigation out of the way, and the
Commission having had time to deliberate on its pro¬
posed course, it has now carried out the purpose it
had in mind last July when it issued its notice to
show cause, and, availing of its general powers, has
given effect to the legislative intent by issuing the
order referred to in the opening paragraph of this
article, compelling the roads after July 1 to limit
in
Virginia
on
the subject with
the following Delphic utterance: “The most that can
be said as to this claim when properly analyzed is
that the profits on increased gross earnings are being
absorbed by increased charges for labor and material,
though the Commission is not prepared to find that
even this is wholly true.”
The Commission urges that some of the roads, as
for instance the Southern Railway are failing to accept
and carry much intra-State Virginia traffic originating
on their lines or tendered to them by connecting lines
and which is now making urgent demand upon them
for transportation.
It says that “if many of the roads
which complain of lack of revenue would utilize fully,
as they should, the improved facilities now owned by
them, both of power and equipment, in the transporta¬
tion of traffic already offered to them, the profit arising
from increased business would soon take care of any
increase in the cost of material or labor.”
But if a
two-cent-a-mile rate is unprofitable in a sparsely
settled State like Virginia, will the roads be better off
or worse off by carrying an increased volume of such
unprofitable business? And if the carriers find it
impossible to handle all the business offered because
of the lack of adequate facilities, will the present action
of the Commission help them to raise the capital
cost.
But the Commission dismisses
,
t
opinion
and findings of the Commission are stated to cover
forty sheets of typewritten matter, and the “TimesDispatch” of Richmond devotes almost a full page to needed
extended extracts from the same.' Examination of degree?
fares to
a
1027
THE CHRONICLE,
1907.]
maximum of two cents a mile. The
so
as
to
extend their facilities in the proper
These are all pertinent considerations, and it
seen whether this latest step in the effort
the opinion shows that the Commission's conclusions
rest, in the main, on very specious arguments and to compel a reduction in rates will meet with any more
contentions, though the whole matter is dealt with in success in the courts than the previous moves.
remains to be
such
a
way as
to give what the
Commission
says an
plausibility. For instance, the GAINS IN POPULATION LARGE, BUT RATE OF
GROWTH DIMINISHING.
Commission argues that “even if such reduction is not
The Bureau of the Census in the Department of
fully compensated by the consequential increase in
business, the roads will still be left, upon their intra- Commerce and Labor has recently issued an elaborate
State Virginia business, such a margin of profit upon bulletin dealing with the population of the United
States and bringing the figures down to 1906. The
any fair value of the property employed as will enable
their business to compare favorably in profitableness Census Department has been prompted to take this
with any of the large or standard businesses of the step by the fact that quite a number of States make a
country and not even approach anywhere near the census of population midway between the decennial
legal limit of confiscation.” The expression, “legal periods of the Federal Government. The last enumer¬
The State
limit of confiscation,” is rather significant as showing ation by the United States was in 1900.
that the thought is about the legality of the acts of enumerations are for 1905, and therefore bring the
These State censuses,
the Commission rather than whether they are inherent¬ results down five years later.
ly fair and just. But waiving that, we should like to too, ought to be reasonably accurate. If the bulletin,
however, were confined merely to the States making
see the “standard businesses” which would be content
with the profits which the railroads are obliged to returns, it would obviously be very incomplete. But
air of
more
or
less
of those States where no census of
put up with—profits
in the
it as its opinion that
the revenues of the roads will not necessarily be dimin¬
ished as a result of the two-cent rates, but may be
increased. Thus, even the Commission is obliged to
admit that an element of uncertainty attaches to the
outcome, and yet, in a matter of such vital importance
to the carriers, conjecture is treated as a certainty and
allowed to sway the course of the Commission.
It Imd been urged by the carriers that prices of
material and labor had greatly increased and are
continuing to increase. This is assuredly a most
serious matter, as is evident from current monthly
returns showing augmentations in expenses in most
cases far in excess of the gains in gross earnings.
No
combining the two sets of figures they are
which kept most of them in a state
of bankruptcy until within the last ten years and which
apparently are fast driving them again in the same
direction.
The Commission gives
case
popula¬
taken, the census authorities at Washington
have undertaken estimates of the population and by
tion is
sent
able to pre¬
compilations of population covering the whole
United States.
A detailed statement
is also given
population by States (including in¬
corporated places having 8,000 or more inhabitants
stated separately) for each of the years 1904, 1905,
1906.
Altogether we therefore get the latest data
available regarding population and obtain the facts
showing the
in
quite full form.
It appears that there are fourteen States which
conduct an enumeration of population in accordance
with the provisions in their constitutions.
Florida,
Iowa, Kansas, Massachusetts, Minnesota, New Jer¬
sey, New York, North Dakota, Oregon, Rhode Island,
more
important problem ever confronted railroad South Dakota, Wisconsin and Wyoming take a census
in the “5“ year of each decade, and one State, Miehimanagers than this one of the growth in operating
I02S
THE CHRONICLE.
in the “4”
gan,
tions
In most
year.
cases
these
enumera¬
made for the purposes of legislative appor¬
tionment.
Few of the States attempt to secure in¬
are
formation for statistical
deductions, and previous to
the present bulletin by the United States Census no
effort had been made to combine and analyze the re¬
turns of all the States making such enumeration, al¬
though the aggregate obviously represents a large per¬
centage of the total population of the United States.
Mr. S. N. D. North, the Director of the United States
Census, in his letter of transmittal to the Secretary
of Commerce and Labor, takes occasion to state that
the returns for the fourteen States which have a census
in what he calls the “intercensal” period cannot be
regarded as entirely satisfactory from a census stand¬
point. Methods of enumeration, tabulation and pub¬
lication employed by each differ greatly, and the lack
of uniformity becomes especially marked when the
endeavor is to combine the returns. Obviously, how¬
ever, these State returns are very useful nevertheless.
Speaking in a general way, the fact of most import¬
ance
brought out by the statistics is that, notwith¬
standing the enormous additions to population through
immigrant arrivals, the rate of increase in population
is not gaining any—rather is diminishing.
Making
some slight allowance for
divergence in dates, the
aggregate population in 1905 of the fourteen States
which make enumerations is found to have been 26,-
against 24,085,556 by the United States
This gives an increase of 2,205,580,
■or 9.2% for the five years.
In 1895 the enumeration
of the same fourteen States (approximating the figures
for Wyoming and NortbnDakota, which two States
did not then make an enumeration, and making some
adjustment in the figures of Michigan and New York
so as to bring them up to 1895)
gave an aggregate of
"21,773,844. In other words, for the period
from
1895 to 1900 the gain in population was 2,311,812,
or 10.61%, against 2,205,580, or
9.2% for the five
years from 1900 to 1905.
The estimates of population which the Census
Bureau furnishes for the remaining
States brin^
out yet more strikingly the fact that the rate of gain
in population is not being maintained, even though
the tide of immigration towards our shores is on a
larger scale than at any previous period in the country’s
history. These estimates, it is pointed out, are not a
census, and must not be so regarded.
They are not
based upon any detailed investigation of local condi¬
291,136,
as
Oensus of 1900.
tions which would affect the movement of the popu¬
lation, except that, so far
[Vol.
LXXXIV.
51,909,019 to 56,283,059. This gives an addition for
of 4,374,040, or a rate of increase of
only 8.4% as against the 9.2% increase for the States
collecting returns of population. Combining the two
sets of figures, it is found that
aggregate population of
continental United States (“continental” meaning the
United States without Alaska or any of the island
possessions) in 1905 was 82,574,195 as against 75,994.575 in 1900.
This shows a large increase as far as
numbers is concerned, namely 6,579,620; but it will
be noted that the per cent of growth is
only 8.7, or
1.74% per year. In the ten years from 1890 to 1900
the rate of
growth,according to the United States
Census, was slightly over 21%, or 2.1% per ye^f while
in the Census decades
preceding the rate of growth was
still higher.
The decline from 2.1% per year in 18901900 to 1.74% per year in 1900-1905
obviously indi¬
cates an important falling
off in the rate of growth.
Even in mere numbers there appears to be ho
gain
despite the increased immigrant arrivals. For the ten
years from 1890 to 1900 population advanced from
62,802,432 to 75,994,575. This was an augmentation
of 13,192,143 in numbers for the ten
years.
Dividing
that by two would give an increase of 6,596,072 for
each five-year period.
This, it will he seen, is actually
somewhat larger than the 6,579,620 increase in num¬
bers found by the Census for the five
years from 1900
the five years
.
to
1905.
As stated above, the Census Bulletin likewise con¬
tains figures of population for 1906 and 1904 in addi¬
tion to those furnished for 1905.
These also reveal
some
rather curious
results; and if they
can
be relied
upon tend further to accentuate the falling off in the
rate of addition to
population. For 1904 the inhabi¬
tants of continental United States are
given as
81,261,856; for 1905, 82,574,195 (the same as above),
and for 1906, 83,941,510.
Thus, for the latest year
the increase has been 1,367,315 and for the
previous
year it was 1,312,339.
But according to the imipigration figures given out at Washington it
appears that
no less than
1,100,735 immigrants were admitted to
this country in the twelve months
ending June 30 1906
and 1,026,499 in the twelve months
ending June 30
1905.
The estimates of population are for June 1
rather than for June 30, but the
slight difference in
date is not sufficient to vitiate their value for
purposes
of
comparison.
Deducting the immigrant arrivals
population, only 266,580 remains
from the increase in
for
growth in population in the normal way in the
latest year and 185,840 in,the year
preceding, making
for the two years, combined 452,420. At this
rate, the
increase for ten years, apart from that
through immi¬
grant arrivals, would be only about 2million, or at
possible, information
regarding territory annexed and detached was secured
from local officials, with conservative estimates of the
population added or withdrawn by such changes. the rate of not much more than 3% for the decade.
Comparisons are given, however, to show that al¬ We should like to see an explanation of these diminu¬
though in individual cases computations of this kind tive results in the absence of any epidemic or excessive
in the past by the Census Bureau may have been wide death rate.
Do the immigration statistics
exaggerate
of the mark, in a majority of instances they have ap¬ the immigrant arrivals or do
large numbers of the aliens
proached very closely the actual figures. Moreover, landing here return to their native lands after a few
where grand aggregates alone have been dealt with, years, or do some of them
simply pass through the
as
the variations from the actual results have been
United States and
eventually settle in Canada, or yet
again has “race suicide” among our native-born popu¬
these estimates of the Bureau can be accepted as the lation proceeded to the
point where it would threaten
best substitute for an actual census.
extinction of the race except for the constant
large
The Census authorities compute that in the States accessions drawn from abroad?
not making an inter-decennial enumeration the
Mr. North, the Director of the
popu¬
Census, makes one
lation in the five years from I960 to 1905 grew from suggestion for
increasing the utility of the State census
small
as
to be almost
insignificant.
so
In other words,
returns
9
which is deserving of consideration. He ex¬
presses a
1029
THE CHRONICLE.
May 4 1907. <
hope that the next Federal Census will provide
arrangement between the Federal Government
and the States which take a census half way in the
decade by which the Government will bear a portion
of the expense in return for some supervision of sched¬
ules and reduction in the time which elapses before
for some
opinion, at varianceJwithJthat given last December
by former JSfew York State Attorney General Mayer, was
delivered on April 23 by present State Attorney-General
Jackson, with regard to the law limiting loans to directors
or officers of trust companies to not exceeding one-tenth
of the capital stock of any such institution.
AttorneyGeneral Jackson’s opinion was given in answer to a query
made by State Superintendent of Banks, Charles H. Keep
as to whether the law should be interpreted to include a
—An
Such an arrangement would serve to loan to a firm or partnership of which a director or officer
uniformity and greater accuracy and would of a trust company is a member. Mr. Jackson is of the
doubtless also induce more States to undertake inter¬ opinion that the restriction does apply in such cases. He
decennial enumeration of population. In the law pro¬ points out that the law forbids a loan in a greater amount
than that specified, “directly or indirectly,” to such
a
viding for the Tenth United States Census there was director or officer, and states that “if the words ‘directly
publication.
insure
provision by which the United States Government or indirectly’ mean anything at all, they are certainly
agreed to refund 50% of the amount paid to all super¬ plain and broad enough to extend the statutory restriction
visors and actual enumerators by any State or Territory, to a loan by a trust company to a firm or copartnership iu
and some sum in addition, provided that such State which a director or officer of a trust company is a member..
Each partner is individually liable for all the partnershipmade its enumeration in the two months beginning on
indebtedness and this fact alone would
furnish to the
the first Monday in June of the year ending in a “5,” director or officer as strong a motive for an excessive loan
and provided also that the returns were filed with the of trust funds to the firm as would inspire such a loan tc
Government at Washington on or before the 1st of himself individually. In either case a trustee is placed in*
position of conflict between individual] interest and
September following. Advantage of this section was
official duty which public policy and good morals would
at that time taken only by two States and two Terri¬
prohibit.” He adds:
tories and the provision was omitted from the Acts
I
that my opinion is at variance with that of former AttorneyGeneral Mayer, given your department upon the third day of December
wherein a distinction is sought to be made between partnerships
providing for the taking of the Eleventh and Twelfth 1906,
formed in good faith and partnerships formed in bad faith and the restriction
case “where a partnership Is a mere device and
the statute limited to
Censuses.
Probably an arrangement of that kind of
the loan, while made on its face to a partnership, Is really made upon the
credit of the individual who Is a director,”
sole
statute makes no such
would be more generally utilized now.
Co-operation distinction and- the application of such a ruleThe
would be Impracticable.
loan to the co-partnership is a direct or an Indirect loan to the director
between the States and the General Government in If the
officer, the question of good faith in the formation of the partnership
of the quality of the security Is Immaterial.
this respect would be very desirable, and if the cost
—Senator J. P. Allds’ bill, amending the stock-transferis not too great it would be an important point gained
tax law of New York State, was passed by the Senate on
to have a complete enumeration once in every five
April 24 and by the Assembly on April 29. The bill, we
years in addition to the enumeration at the end of the understand, was introduced by Senator Allds, as Chairman
decade.
Population lies at the basis of everything, of the Senate Taxation Committee, at the instance of State
Comptroller Glynn. It provides that every firm, company,
and population statistics, therefore, are invaluable.
person or corporation conducting or transacting a brokerage
business shall keep a just and true book of accounts wherein
a
a
am aware
a
or
or
BANKERS AND TRUST CO’S. shall be recorded the date of making every sale, agreement
include one lot to sell or transfer of shares, and every transaction in relation
and two lots, to stock,and the names of the parties thereto. These ac¬
aggregating 74 shares, at auction. No trust company counts are to be subject at all times to the inspection of the
stocks were sold.
The table below, given in our usual form, State Comptroller, or his representatives, between the hours
shows the actual sales of New York City bank stocks made of 10 a. m. and 3 p. m., and the Comptroller may enforce
during the week at auction and at the Stock Exchange. his right to examine the books by mandamus. Violations
Extensive tables showing the bid and asked quotations, de¬ of the law are construed as misdemeanors and are punishable
posits, surplus, &c., of banks and trust companies in all by a fine of from $500 to $5,000, and from three months to
important cities of the United States are published monthly two years imprisonment.
in the “Bank and Quotation” Section, the May issue of
—A bill providing for a tax on transfers of stock, similar
which accompanies to-day’s “Chronicle.”
Bid and asked to the law in operation in New York State, was reported in
quotations for all New York City bank and trust company the Massachusetts House on April 24 by the Committee on
stocks are also published weekly in another department of Taxation.
The proposed measure provides for a tax “on
the paper, and will be found to-day on pages 1037 and 1038.
all sales or agreements to sell, or memoranda of sales or
Imu'
Last previous sale.
.Stores. BANK—New York.
Hiqh. Close.
deliveries or transfers of shares, or certificates of stock, in
£100 H.'tnover Nat. Bank
500
500
500
April 1907— 500
50 Mercantile Nat. Bank
235
235
235
April 1907— 235
any domestic or foreign association, company or corporation,
BAN K—Brooklyn.
24 Mechanics’ Bank
318
318
318
Feb. 1907— 325
whether made upon or shown by the books of the associa¬
x Sold at the Stock Exchange.
tion, company or corporation, or by an assignment in blank,
or
by any delivery, or by any paper or agreement or memo¬
—The Banking Department of New York is now pro¬
randum or other evidence of transfer or sale, whether en¬
ceeding with an examination of all the trust funds held by
trust companies in this state.
Soon after assuming office, titling the holder in any manner to the benefit of such stock,
or to secure the future payment of money or the future trans¬
Charles H. Keep, State Superintendent of banking, found
in looking over the affairs of his Department that there had fer of any stock, on each share of S10U or fraction thereofr
two cents.”
It is stipulated, however, that it is not in¬
been no examination of trust funds in the last ten years,
tended
by the Act to impose a tax upon an agreement
and we are informed he had concluded even before the
evidencing
the deposit of stock certificates as collateral
Douglass defalcation came to light, to issue an order calling
security
for
money loaned thereon which stock certificates
for such an examination.
Heretofore the Department’s
are not actually sold, nor upon such stock certificates so
regular examination of trust companies embraced all the
collateral held against loans and the other stocks and bonds deposited.
—The admission of banks and trust companies to active
included in assets. The Department’s order will call for an
investigation of the trust departments of all companies which membership in the New Orleans Stock Exchange has been
hold trust funds either under will, as executor, as trustee or provided for in a revision of the by-laws and constitution of
deposited by order of court or in escrow. Of course the the Exchange made at a meeting of the board of directors
New York City companies do most of that class of business on April 24.
The new law, the New Orleans “TimesDemocrat” states, stipulates that each bank and trust com¬
with a few exceptions in other important cities in the State.
—F. Augustus Heinze, President Mercantile National pany desiring to become a member shall be represented by
one of its officers, who shall be elected by the board of
Bank of this city, has acquired control of the Italian-Ameridirectors of the Stock Exchange.
No bank will be given
can Trust Co. at 520 Broadway.
ITEMS ABOUT BANKS,
—The public sales of bank stocks this week
of' 100 shares sold at the Stock Exchange
.
1030
THE CHRONICLE.
the
privilege of having more than one officer on the floor of
Exchange, and the representative designated by each
banking institution is to be elected as an individual. Ex¬
pressions of disapproval were made against the new measure,
its opponents contending that if a bank had a representative
on the floor of the Exchange
it would not require the services
of a broker or brokers in handling its Stock Exchange busi¬
ness.
John M. Huger, President of the Stock Exchange, is
quoted as stating, however, that he did not believe that the
admission of bank officers would hurt the business done by
brokers or deprive them of any of their sources of revenue;
he expressed the opinion that it would, on the contrary,
broaden the Exchange, making it a much stronger organiza¬
tion, and put the big financial institutions in closer touch
with the Stock Exchange.
the
—A bill relating to the supervision and
regulation of bank¬
ing in the State of Colorado, and providing for the appoint¬
ment of a State Bank Commissioner, was
passed at the late
session of the Legislature, and was signed on April
13 by
Gov. Buchtel.
This bill was prepared by F. B. Gibson
(Vice-President of the International Trust Company of
Denver) as Chairman of the Legislative Committee of the
Colorado State Bankers’ Association, which organization
endorsed the plan for State bank supervision and used its
influence for the enactment of the
measure.
The
new
law
is,
on the whole, regarded as a most comprehensive and
practical measure. One of its chief provisions makes it un¬
lawful, after January 1 1908, “for any individual, copart¬
nership or corporation (except national banks) to carry
on
conduct within the State
or
advertise
or
hold
a
themselves out
banking business,
or
to
being engaged in or
doing a banking business, or to use in connectionjwith their
business the word or words ‘bank,’ ‘banking,’ ‘banker’ or
‘trust company,’ or words of similar import, or the
plural
of any such word, or to solicit or receive
deposits of money,
or to transact
any kind of banking business, without first
having complied with the provisions of this Act and ob¬
tained a certificate of authority from the State Bank Com¬
missioner; nor may the word ‘trust’ be used as a part of the
of any institution unless organized and
name
qualified
under the statutes providing for the organization of trust
companies.” It is also provided that individuals and co¬
partnerships engaged in banking shall not be permitted to
use the word “State” as part of the bank or firm name.
Another feature of the new law is a provision for th e re¬
sumption of business by banks temporarily suspended—
a feature, Mr. Gibson
states, which is not known to be in¬
corporated in any other State banking law. This section is
as
as
follows:
“If the Bank Commissioner, upon taking: charge of a bank, as herein¬
before provided, shall discover that said bank Is only
temporarily em¬
barrassed for want of available funds, and that In his opinion the
bank’s
assets are sufficient to pay Its liabilities other than Its
surplus and un¬
divided profits, leaving fts capital unimpaired, or If the officers or stock¬
holders of said bank will arrange to make good Its
capital. If Impaired, he
may defer applying to the court for the appointment of a receiver, and per¬
mit the officers and directors of said bank to
arrange with Its depositors
and creditors for extensions of time for the payment of said
depositors and
creditors, and the resumption of business by said bank.
And when said
Commissioner shall be satisfied that the capital of said bank has been made
good, and that It Is solvent and has sufficient funds on hand to meet the
demands to be made upon It in the ordinary way. and that It has
arranged
with Its depositors and creditors for such extensions of time as will enable
the bank to realize on Its assets to meet such
obligations, he may at any
ctime within sixty days after so taking charge permit said bank to resume
business, and In such case shall Issue a new certificate of authority to said
bank for such purpose.
Provided, however, that said bank shall pay all
the expenses of the Commissioner and his employees In so
taking charge and
looking after the affairs of said bank during the time such bank has been
under his control, and shall also pay said Commissioner for the services of
hlsiofflce ten dollars per diem during said time.”
The
law also
stipulates that no director of any bank
permitted to borrow money from such bank in
excess of 10% of the capital and
surplus without the consent
of a majority of the directors.
It is provided further that
the total liability to any bank of any person or
company,
corporation or firm, for money borrowed shall not exceed
20% of the bank’s capital and surplus actually paid in; the
liability of any bank for borrowed money or re-discounted
paper is at no time to exceed the amount of actual paid-in
capital.
shall
—A
new
be
New York Stock
ferred this week for
Exchange membership
$79,500.
was trans¬
The last previous sale
was at
$79,000.
—At the annual
meeting of the New York Chamber of
Thursday, Morris K. Jesup, its President for
eight years, resigned, owing to impaired health, and was suc¬
ceeded by J. Edward Simmons, President of the Fourth
National Bank.
A. Barton Hepburn, President of the
Commerce
on
[VOL.
LXXXIV.
Chase National Bank, was chosen to succeed Mr. Simmons
Chairman of the Executive Qommittee.
as
—There will be
meeting of the stockholders of the newly
Company of America, 135 Broadway,
New Yrork, on the 15th inst., to choose a new board of trus¬
tees of .either twenty-four or thirty members for the enlarged
company.
At the first stockholders’ meeting of the united
concerns held last Monday, Oakleigh Thorne, President, was
commended for his energetic work and ability in detecting
and prosecuting Douglas, the defaulting loan clerk, and
Dennett, his accomplice. On this point, John E. Borne,
Chairman; H. B. Hollins and E. Clifford Potter, members
of the company’s Examining Committee, made the following
report to the Board on Monday.
consolidated
“Securities
a
Trust
of the market value of $570,000 were abstracted by the Assist¬
the company.
All these securities except those of the
ant Loan clerk of
value of $63,000 have been recovered by the company.
In making this
recovery payments were made to the amount of $102,000 to various Stock
Exchange brokerage firms who held the securities as collateral.
This re¬
duced the loss to $165,000, from which must be deducted the surety bond
of the Clerk, amounting to $25,000.
This further reduced the maximum
net loss of the company to $140,000, which loss has been charged oil. This
last amount may be still further reduced through actions that will be In¬
stituted against those with whom the securities were pledged as collateral.
—The Union Trust
Company of New Y'ork, William King,
President, announces the completion of the fire and burglarproof vaults of the Union Trust Safe Deposit Company at
425
Fifth
Avenue, corner 38th Street. The institution
recently opened its uptown banking office at this address.
—The
Anglo-South American Bank, Limited, (head
London), has opened a New York agency at 69 Wall
Street, under Charles A. Edwards’ direction. Mr. Edwards
was the London agent for the American Trading
Company.
The institution was formerly the Bank of Tarapaca and
Argentina, Ltd., and has lately increased its capital stock
by the issue of 100,000 new shares of £10 at a premium of
£2 per share, and on which £5 per share is being called for
payment.
These shares have been fully subscribed for and
the last call is payable on January 1 1908, when the bank’s
standing will be: nominal capital £2,500,000; paid up
capital, £1,250,000; reserve liability of shareholders,
£1,250,000 and reserve fund £600,000. Its branches are
in Chile, Argentina, Uruguay and Hamburg.
office
-r-The
Irving Trust Company of
this city, of which
Samuel S. Conover is President, commenced business on
Wednesday at Chambers and Hudson streets. This new
company represents an amalgamation of the interests of
the Irving and Atlas trust companies, the union having
occurred while both institutions
were yet in a formative state.
Its name, as heretofore stated, is to be changed to the
Fidelity Trust Company as soon as the necessary legal
authority is received. The institution has a capital of
$750,000 and surplus of the same amount. In addition to
President Conover, its officers are William H. Barnard and
John W. Nix, Vice-Presidents; and Andrew H. Mars,Secretary.
—The lately formed National Copper Bank of this city
started business on Wednesday the 1st inst. in the New
Trinity Building, 115 Broadway. The institution has a
capital and surplus of $2,000,000 each. The officers, as
noted April 20, are Charles H. Sabin, President; John D.
Ryan, Thomas F. Cole and Urban H. Broughton, VicePresidents; Walter F. Albertsen; Cashier, and Joseph S.
House, Assistant Cashier.
—The
Carnegie Trust Company, of which Leslie M. Shaw,
ex-Secretary of the Treasury, is President, will move on
Monday to its new banking rooms on the main floor of the
New Trinity Building, 115 Broadway.
The institution
started
business
of
on
Jan.
2d
in
temporary offices at
the
Liberty Street and Broadway.
Since ex-Secretary
deposits
have increased from $2,100,000 to $5,200,000.
The com¬
pany’s experienced official personnel consists of: Charles C.
Dickinson, Honorary Vice-President (formerly of the
Colonial Trust Co.), Frank
L.
Grant,
Vice-President
(formerly of the Central Trust Co.); J. Ross Curran, VicePresident and Trust Officer (formerly of the City Trust
Co.); Fred H. Parker, Secretary (late Examiner of Banks
New York State); Lawrence A. Rainage, Trust Officer (form¬
erly of the Central Trust Co), and William B. Averill,
Assistant Secretary.corner
Shaw assumed executive direction
—The
on
March 5th, its
Importers’ & Traders’ National Bank has moved
temporary quarters at 303 Broadway, corner Duane
Street, and it will remain there during the construction of
to
1031
THE CHRONICLE
May 4 1907.1
building on the old site at 247 Broadway, corner
Murray Street. Their temporary offices were recently
vacated by the Chemical National Bank.
—The Northern Bank, Broadway and Fourth Street,
New York, opened a branch at the corner of 23d Street
and Eighth Avenue last Wednesday.
its new
Mr. Stearns’s successor as
President is William A. Gaston, a
committee.
member of the bank’s executive
—Robert F. Herrick has
replaced W. R. Evans as
Presi¬
Winthrop National Bank of Boston.
Bank of Philadelphia on the 2d
added $100,000 to the surplus, making that fund
dent of the
—The Central National
inst.
Trust Company of this $2,500,000. In addition the bank has undivided profits
of $240,000.
A semi-annual dividend of 8% was
city, at Broadway and 72d Street, opened but little more
declared
on the $750,000 capital.
The previous half-yearly
than four months ago (December 17), already reports de¬
posits of over a million dollars. This branch is in charge of dividend, declared last October, was 7%. Annual divi¬
Cashier Charles B. Collins and Assistant Manager Nelson F. dends of 12% had been maintained by the bank from 1876
Griffin.
The equipment of the banking rooms and safe until a year ago, when with the semi-annual disbursement
of 6% an extra dividend of 1% was declared.
deposit vaults is unusually attractive and complete.
—The Logan Trust Company of Philadelphia, which com¬
—It is reported that the Stock Exchange creditors of
Arnold Leo & Co., of this city, which suspended last April, menced business on December 10 last year, has removed
have been paid in full.
These creditors, it is said, had a from the Crozer Building to its own building at 1431 Chestnut
Street.
The company has a capital of $500,000 and sur¬
prior claim on the firm’s Stock Exchange seat, sold several
plus
of
$125,000.
It is under the management of Rowland
weeks ago.
The other creditors are reported to have
Comly, President; Hugh Mcllvain, Richard S. Dewees and
received 50% of their claims.
Walter H. Lippincott, Vice-Presidents, and William Brad¬
—The Corporation Trust Co. removed this week from 135
way, Trust Officer, Treasurer and Secretary.
Broadway to handsome offices on the second floor of the
—The directors of the Western National Bank of Phila¬
new Trust Company of America Building, 37 Wall
Street.
delphia this week elected George E. Shaw to the presidency.
—The Home Trust Company of New York will open
Mr. Shaw had been temporarily acting as President since the
for business to-day in the new Evening Post Building,
death of Cornelius N. Weygandt in February.
The board
20-24 Vesey Street, this city.
The main banking room is has also created the office of Vice-President, and has elected
decidedly unique, following out, as it does, in every particu¬ to the post Alfred J. McGrath, who retires as Vice-President
lar, the old English style of architecture. The wainscoting, of the
Metropolitan Bank of New York. Mr. McGrath was
fixtures, desks, chairs,- &c., are built entirely of silvered at one time identified with the Merchants’ National Bank of
quartered oak in quaint design. The room is lighted by old- Philadelphia. The stockholders of the Western National
fashioned art-glass lanterns, and has a red tiled floor, carrying
recently approved a proposition to increase the capital
out the old English idea.
A massive manganese vault con¬ from $400,000 to $1,000,000. Only $200,000 of the new
taining 700 safe deposit boxes for the use of its customers is stock, it is stated, will be offered for subscription, the pur¬
also a feature.
This institution has two Brooklyn offices,
pose being to keep $400,000 in the bank’s treasury for
one situated at 184 Montague St. and one at Hamburg and
the present.
Myrtle Aves. J. Edward Swanstrom, formerly President of
—In an effort to effect a reorganization of the failed
Brooklyn Borough, is at the head of the company and associa¬ Lincoln
Savings & Trust Company of Philadelphia, a large
ted with him are William C. Redfield and James N. Brown,
majority of its stockholders have approved the recom¬
Vice-Presidents; Harold A. Davidson, Secretary; Thomas
mendation made by the directors providing for an assess¬
W. Hynes, Treasurer; and E. Wilton Lyon and Win. K
ment of $10 per share on the company’s 5,280 outstanding
Swartz, Assistant Secretaries.
The institution was closed on April 10 by the State
shares.
—An agency of the Bank of Nova Scotia has been opened
Banking Department on account of an impairment of its
in this city, at 48 Wall Street, under the charge of W. H.
capital. The amount which would be realized by the assess¬
Davies.
ment, $52,800, will it is stated, more than offset the impair¬
—The shareholders of the National City Bank of New
ment, which is said to be estimated by the State Banking
Rochelle, N,. Y., have ratified a proposition to increase the Department at $51,000. The first accounts reported an
capital of the institution from $100,000 to $200,000. The impairment of $57,000.
new stock issued at par, $100 per share, is payable in July.
—The Tenth National Bank of Philadelphia plans the
The bank has surplus and profits of $90,000 and deposits of
erection of a new building at 1645 North Broad Street. The
about
structure will have only one story and will be 17 feet wide
$1,900,0j00.
It will be of classic Grecian design and
—The New uersey State Bankers' Association held its and 95 feet deep.
fourth annual meeting at Atlantic City on the 26th and 27th will represent an expenditure of about $100,000.
—George D. McMorran, Treasurer of the Mercantile
ult.
The speakers included Congressmen Charles N. Fowler;
New Jersey State Senator George J.Silzer, whose subject was Trust Company of Pittsburgh, has been elected Treasurer
W. C. Zeigler,
“The Taxation of National Bank Stock in New Jersey; of the Land Trust Company of that city.
George E. Allen, professor of business practice, New York formerly Assistant Secretary of the Land Trust, has suc¬
University; Governor E. C. Stokes of New Jersey, and former ceeded J. S. Brown, resigned, as Secretary of the Institution.
U. S. District Attorney James M. Beck.
The newly-elected
—judge W. D. Patton of Uniontown, in an opinion
officers of the association are President Henry G. Parker, handed dowm on the 24th ult., refused a new trial to the
Cashier of the National Bank of New Jersey, at New Bruns¬ offcers and directors of the defunct State Bank of Pitts¬
wick; Vice-President William C. Heppenheimer, President burgh, and sentenced each to a fine of $300. The accused;
of the Trust Company of New Jersey, at Hoboken; Treasurer it is stated, were convicted on a charge of receiving deposits
Edward L. Howe, Vice-President of the Princeton (N. J.) when it was knowm that the institution was insolvent. In
Bank, and Secretary (re-elected) William J. Field, Secretary his finding Judge Patton said: “We are of the opinion that
and Treasurer of the Commercial Trust Company of New the jury was justified by the evidence in convicting the de¬
-
—The
uptown office of the Lincoln
'
fendants
Jersey, at Jersey City.
—The consolidation of the
First National and National
Exchange banks of Albany, N. Y. became effective on Mon¬
day the 29th ult. The last-named bank is placed in volun¬
liquidation, the enlarged institution operating under
National. Business will be continued
temporarily at the banking house of the National Exchange
Bank, 450 Broadway until the completion of the new build¬
ing on the First National site. The consolidated institution
has $600,000 capital' and $200,000 surplus.
Its list of
officers will be found in our issue of April 13.
tary
the. title of the First
Stearns on Thursday resigned as President
Natjopal Shawmut Bank of Boston. He will continue
the, institution as Chairman of the board of directors.
—James P.,
of the
with
.
under
the Act of
1889.
The defendants were
technically guilty. However, the evidence clearly shows
that they did not profit by receiving the money and did not
do it with criminal intent, but hoping against hope that their
investment in Washington coal lands would be profitable.
The jury recommended the defendants to the extreme
mercy of the court, and under all the facts and circum¬
stances in the case, we feel justified in entering a perpetual
‘stet’ as to the imprisonment and imposing the maximum
fine, which is double the amount received. In this instance
the amount so received was $151.71, so each of the de¬
fendants is sentenced to pay a fine of $300 and costs.”
—Thomas B. Riter,
Allegheny,
President of the Ohio Valley
with wdiioh he had been
o
Bank of
identified since :its
10.J2
THE CHRONICLE
organization, died
the 22d ult.
on
He
was
sixty-six
years
of
age.
—The
Provident
Savings Bank & Trust Company of
Cincinnati, Ohio, has accepted plans for a new fifteen-story
building which it will erect at the southeast corner of Seventh
and Vine streets.
The building will occupy 94x94 feet.
The entire lower floor will be used by the company, the
upper portion of the structure being utilized as offices.
—In
of
report filed b}^ the assignees of the Farmers’ Bank
Canton, Ohio, which suspended at the time of the suicide
a
of President H. G. McDowell
reported
as
—The
on
March 13, total assets are
§213,610 and total liabilities
Corn
as
$312,740.
immediately begin to demolish the buildings
west
corner
excavation
of Adams and
for and
the
LaSalle streets
erection
of the
the north¬
preliminary to
on
new
monumental
building for their own uses. The cost of the structure is
millions, and it will be one of the most, note¬
worthy on LaSalle Street. The Corn Exchange has $3,000,000 surplus and over $1,500,000 undivided profits.
A
portion of these funds will be used for the preliminary work
until a comprehensive scheme for financing the complete un¬
dertaking is adopted.
estimated in the
—The directors of the Third National Bank of
Louisville,
April 30 elected Joshua D. Poweis a
«Ky.,
at a meeting on
Vice-President of their bank.
Pit sident of the American
Mr. Poweis is also First Vice-
Bankers’ Association.
He
was
formerly President of the United States Trust Company of
Louisville, having served in that capacity from the time of
its organization in 1902 until January of last year, when lie
resigned.
—An
application
to
organize the American
National
Bank of Asheville,
N. C., capital $300,000, was approved
by the Comptroller on April 27. The petition was pre¬
sented by J. H. Carter, J. L. Smathers, J. Q. Barker,
William H. Woodbury, W. K. Merrick and C. M. Hickerson.
—A
Federal institution is being organized in
New
controlling interest will be held by
the Hibernia Bank & Trust Company of that city.
The
name of the parent institution will
figure in the title of the
projected bank, which is to be known as the New Hibernia
It is to have an authorized capital of $400,000.
National.
John J. Gannon, President of the Hibernia Bank & Trm>t
Company, is spoken of as the probable head of the proposed
bank.
The application to organize was approved at Wash¬
new
Orleans, La., in which
ington
on
a
the 22d ult.
banking house of Dexter Horton & Co. of Seattle,
Wash., opened in its new quarters in the New York Block,
on
the 22d ult.
The new banking rooms are finished in
Pavonozzo marble, and are more than twice the size of the
.offices vacated, measuring 90x100 feet.
The work of re¬
modeling and refitting the offices commenced about a year
ago was completed at the cost of, approximately, $100,000.
With the exception of a few months, the bank was for more
than thirty-six years located at Washington Street and First
The institution claims
of 1906.
That the American National Bank itself
is extending its activities is evidenced in a comparison of its
deposits.
These
$8,051,647
are now
to
be the oldest bank in
Washington: it was established in 1870 under the name of
Phillips-Horton & Co., and two years later assumed the
present title.
It has a capital of $200,000, surplus of
$500,000, undivided profits (March 22; of $355,097 and
deposits of $9,379,09L The officers arc W. M. Ladd, Presi¬
dent; K. if. Denny, Vice-President; N. II. Latimer, Manager;
M. W. Peterson, Cashier; C. E. Burnside and-G. F. ('lark,
Assistant Cashiers.
of eight million dollars—
excess
Foreign Exchange Department.
Industrial
Banking & Trust Company has been
Oakland, Cal., with an authorized capital of
$500,000. The amount of capital to be paid in will not be
determined before July 1, about which time the institution
will begin business.
formed
in
—The
Royal
Bank
of
Canada
announces the
forma
Halifax, N. S., to Montreal
Quebec.' For some time General Manager Pease has had
his office in Montreal and that city., has practically been the
removal of its head office from
bank’s
headquarters.
—Announcement has just
been made of the election of
Aemilius Jarvis of Toronto to the presidency of the Sover¬
Bank of Canada (head office, Toronto), Randolph
retiring. Mr. Jarvis is a thorough
banker
and as head of the Aemilius Jarvis &Co., bankers of Toronto,
is well known throughout Canada and Europe.
It has also
become known that J. P. Morgan & Co. and the Dresdner
Bank of Germany have obtained a large interest in this
important Canadian institution. Although the Sovereign
Bank has only been in operation since May first 1902, itdias
deposits of about $10,000,000, reserve fund and undivided
profits of $1,255,000, resources of over $26,000,000 and a
paid-up capital of $4,000,000. It operates 90 branches and
sub-offices throughout Canada, and is the Canadian repre¬
sentative of the Commercial Banking Company of Sydney,
Australia, and the National Bank of South Africa, Ltd.
Duncan M. Stewart, who was Vice-President and General
Manager has resigned the former office, and Mr. MacDonald
has been elected in his place; Mr. Stewart continues as
General Manager. The other officials are
W. Graham
Browne, Assistant General Manager and Manager of the
Montreal Branch, and L. P. Snyder, Inspector.
The New
York Agency is located at 25 Pine Street, with C. E.
eign
MacDonald
Lanskail
as
agent.
Disconto-Gesellschaft, Berlin, in- its attractively
prepared booklet showing the December 31 1906 balance
sheet, reports net profits for the year of $4,486,957,
including $174,502 brought forward from 1905. This was
appropriated as follows: 9% dividend on capital, $3,642,857;
Tantieme of board of directors, $106,516; participations of
managing partners, $426,065, and gift to David Hansemann
Pension Fund for the staff, $35,714, leaving a balance of
$275,805 to be carried forward. The bank has a capital of
$40,476,190, reserve fund of $13,712,526 and deposits and
current accounts of $90,482,707.
The total resources are
$205,449,245.
Canadian Bank
Clearings.—The clearings of the Canadian
April 1907 show an increase over the
1906 of 14.7, and for the four months the
banks for the month of
same
month of
gain reaches 9.3.
—Facts and
figures showing th** relative standing of San
one year after
the earthquake and fire of April 18 1900 are the subject of a
booklet prepared by the American National Bank'of that J
city. In the matter of banking capitalization it is pointed
out that San Francisco outranks many important Western
and Pacific Coast cities combined.
The clearings of San
Francisco continue to expand, and the amount for the first
quarter of 1907 at $599,305,000 compares with $541,457,000
for the same period in 1900.
'Hie gain, it is stated, would
be considerably larger except for the fact that the Oakland
banks, which formerly cleared through the San Francisco
Clearing House, organized an association of theiijjown in the.
Francisco in the business and financial world
in
March 22 1907—against $6,959,266 on Sep¬
tember 15 1906, $5,998,432 on March 15 1906, and $4,938,629
on September 15 1905.
The capital is $1,000,000, surplus
and undivided- profits $410,281 and aggregate resources
$10,461,928. The management is made up of P. E. Bowles,
President; Francis Cutting, E. W. Wilson and John W.
Wilson, Vice-Presidents; George N. O’Brien, Cashier; E. J.
Broberg, Assistant Cashier; and H. de Saint Seine, Manager
on
—The
—The
Avenue.
LXXXIV
summer
—The
Exchange National Bank of Chicago will
[VOL.
A
Four Months.
i>rtl.
Clearing! at
Canada—
Montreal
Toronto
-
1
-
-.
Winnipeg
Quebec
..
...
Calgary
Edmonton
'lot.
1000.
Inc. or
Die.
*
*
%
4 4.1:
+ 16.1
\ 20.7
+ 20.4
+ 02.2
+ 26.0
+ 70
+ 27.8
+ 36.4
+ 24.1
3,272.720 + 30.2
4,664,411
0,148,000 Not Incl. In total
4,276,1120 Not Incl. In total
12.000,000 107,682,080
101 ..*>44.017
88,218,810
41.000,000 22,060,268
1.'1.4 IS,7*08
10,280,678
0,102,426
14,800.70.1
0,267,100
7,040,10.0
0.422.222
0.870,TCI
6,000,162
7,233,608
4,277,074
6.026,303
.0, .'116,076
4,282.208
Ottawa
Vancouver
Halifax
Hamilton
London
John
St
Victoria
1007.
Canada ;j20.071.463 271*.623.306 + 14.7
!
i
Jnc. or
1007.
*
472,800,427
412,824,010!
101.887.770
40,060,202
66,461,744
20.120,240
28.174.224
1000.
j Dec.
$
\ %
478.623.417 —1.2
280,040.220: +8.8
127.000,027 +27.5
40,133,101!+23.7
34.340,016, +01.6
27,006.004 +11.4
28.138,612
+0.1
22,623.831' +22.0
27.01 1,170
21,024,007
,17,804.3011 +21.5
20,211.000
18,008.062 1 12.2
13.551,302 ,+20.1
10.274.240
22,681,180 Not incl. In total
14.781.000 Not Incl. In total
1,207.742.81011,187,120,03A| +0.3
t033
THE CHRONICLE
May 4 1907. j
clearings for the week ending April 27 make a very
satisfactory comparison with the same week of 1906, the
increase in the aggregate having been 6.3. ^ 999^^4^
BANK CLEARINGS AT
The
■April
1907.
S
000,0004
omitted.
New York
.
Boston
Week
ending April 27.
Philadelphia
1906.
1907.
26.616.545
22,468.887
9,002,993
2.342.774
2.3S6.8S9
1.384,657
1,691,196
1,343,683
992,159
1.094.918
22.075.978
11,077,948
3.090,309
3,433,833
1.701.656
1,700.000
1.010.134
M'innlpeg
Ottawa
Vancouver
.
Quebec
Halifax
Hamilton
London
St. John
Victoria
1,265.119
+23.0
+ 31.9
+ 43.9
1.402.990
1,433,252
1.360,317
1,292,465
+22.9
+0.5
+ 19.9
+ 27.5
+ 13.6
+ 60.3
785.319
720,008
753.707
389.115
914,120
550,798
17,728.429
17.737.859
4.659.791
1.602.173
1,243.202
757.466
1.214.59G
1,399.672 NotTncluded in total
Calgary
43.466,389
Clearings by Telegraph—Sales of Stocks, Bonds, &c.—
subjoined table, covering clearings for the current week,
usually appears on the first page of each issue, but on account
of the length of the other tables is crowded out once a monthThe figures are received by telegraph from other leading cities.
It will be observed that, as compared with the corresponding
week of 1906, there is a decrease in the aggregate of 18.5%.
So far as the individual cities are concerned, New York ex¬
hibits a loss of 31.4%, Philadelphia 10.4%, and Baltimore
10.4%. Boston records a gain of 3.3%, Chicago 13.5%,
St. Louis, 0.9%, and New Orleans 3.3%.
The
4,061
3.055
2.484
1904.
$
19.716
2.916
2.145
153
60
96
2.S5S
2,546
999
90S
649
441
4S2
421
261
349
288
229
209
159
136
162
124
122
112
110
102
1.817
920
7.863
51,126
529
461
2.970
52,164
2.592
46.087
2.066
32,023
1,877
.12,637 12.902 12.735
Total all
4.0M
4,359
Outside New York, 4.969
8,324
3.533
54,016
19.897
54.736
18.253
48.153
15.888
33,900
Baltimore
Kansas City
Cleveland
New Orleans
-
.
.
Minneapolis
Louisville
Detroit
Milwaukee
Providence
Omaha
44
33
46
38
39
33
33
26
20
42
17
26
Buffalo
St. Paul
Denver
49.145,417
34.199
1905.
$
32.265
3.224
2,528
2.186
970
786
561
399
404
369
253
318
263
204
181
138
121
138
108
99
103
105
85
87
80
5S
54
1906.
S
36,483
3.611
.11,899 12,267 12,206
Cincinnati
.
Richmond..
+ 6.3
70.0S2.167
74,498.128
1907.
$
13
.
Indianapolis
1,122.389 Not Included In total
Edmonton
rx -i
Total Canada.
.
San Francisco.---
S
16,400,539
13,493,235
4,260,757
1,838.002
1,27S,G03
1.279,515
1.573.770
1,138.910
S
—2.0
—1.8
■
1904.
S
4.791
751
551
470
1.062
Pittsburgh
1904.
1905.
%
S
$
26.085.353
Canada—
Montreal
Toronto
Inc. or
Dec.
728
642
258
251
198
125
122
134
76
74
87
56
56
.
.
1905.
$
8.6S1
803
664
574
247
207
149
104
97
211
173
121
97
90
83
58
67
51
48
41
29
29
33
26
24
25
18
18
19
16
12
11
St. Louis
Clearings at—
7,668
1.027
-
Chicago
1906.
$
8.543
871
6 SO
624
236
221
108
110
119
100
70
73
68
52
54
36
32
38
33
31
26
27
LEADING CITIES.
Jan. 1 to April 30-
Memphis
Seattle
Hartford
Salt Lake City...,
Total
Other cities
-
738
22
19
38
14
22
635
.
94
06
66
66
50
46
33
30
33
27
25
24
26
22
21
21
17
*
948
797
484
501
529
294
350
318
233
227
186
437
187
144
145
127
131
108
88
156
65
100
94
636
483
384
352
359
226
404
235
184
160
132
119
131
101
95
102
71
79
97
65
47
47
14.184
pXoHctavy|Commcvcinl£nglislt|I.ctbs
(From our own correspondent.)
The Budget
London, Saturday, April 20 1907.
statement made by the Chancellor of the Ex¬
looked forward to
he
chequer on Thursday afternoon had been
with exceptional interest because it was expected that
would expound a very far-reaching and ambitious pro¬
fact,, his Budget is far more mod¬
fewer changes than had been antici¬
TJ:
pated.
The
with March last had a realized sur¬
year
ended
—31.4
$2,209,762,904
SI.516,395,516
New York
+ 3.3
153,517,538
15S.630.952
plus of £5,399,000, which will be employed in the redemption
Boston
10.4
148.495.249
133,133.814
of debt.
For the new year, the year beginning with the 1st
Philadelphia
10.4
27.239.373
24.419.045
Baltimore.
of April, the revenue on the basis of existing taxation is
+ 13.5
232.130,909
204.3S9.S39
Chicago
+0.9
49,622,421
50.05S.715
estimated at £144,190,000 and the expenditure at £140,St. Louis
14.540,849
+ 3.3
15.025,052
New Orleans
757,000, showing an estimated surplus of £3,433,000.
—24.1
': Seven cities, 5 days
$2,807,568,173
The Chancellor of the Exchequer reduces this surplus by
$2,129,794,003
+ 13.3
34S.629.4S1
395,019.768
Other cities, 5 days
two millions by lowering the income tax from Is. to 9d.
k' ■ •
—20.0
in £1 on all earned incomes, the possessors of which have
$3,156,197,654
$2,524,813,771
Total all cities, 5 days
—10.1
492,018,763
547,008.780
All cities, 1 day
incomes not exceeding £2,000 a year.
Upon incomes above
l: • •
•
$3,703,206,434
$3,016,832,534
l—1S.5
£2,000
a
year,
from
whatever
source
derived,
no change is
Total all cities for week
made, and even under £2,000 a year incomes from invest¬
ment remain liable to the full tax of Is. in £1.
As already
Our usual monthly detailed statement^of transactions on
said, the concession made to owners of earned incomes will
the various New York Exchanges is appended.
The results cost the Exchequer a million and a quarter per annum, and
in the present year an additional three-quarters of a million,
for^the four months of41907Land 1906 are given below.
owing to delay in collecting the income tax. Consequently,
in
the year the total loss will be £2.000,000.
On the other
Months
Four
1907.
j
Four Months 1906.
Descrip- [
hand, "death duties of over £150,000 are to be increased.
tion.
! Par Value |
Actual
Aver.j Par Value
Actual
Aver.
Quantity.
Value.
jPrice. or Quantity.
Value.
Price. Ultimately it is expected that the increase will yield
millions sterling per annum; that is, will exactly equal the
93.2
104.010.95L
92.7
Stock] Shs.,
90.617.909i
concessions made to earned incomes under £2,000 a year.
$9.3 70,658.150 $8,6S5.247,422
\Val. $7,740,012,125 $7,215,217,414
But in the present year it is not expected that the •gain will
94.4
$243,165,500
$236,501,296
97.3
RR.’bonds.
$159,769,500 $150.S55,505
$696,400
$754,822108.4
Gov’t bds.i
$299,500
$330,864 110.5:
exceed £600,000.
Thus the loss is reduced from £2,000,000
$35,428,950
$32,137,070 90.7
State bds„.
$20,156,400
$18,697,964 92.8
$240,900
$479,765199.2
per annum to £1,400,000.
At the same time, the sinking
Bank st’ks.
$151,500
$289,964 191.4
fund is increased by 1% millions sterling.
The ultimate
Total... $7.920.987,025$7,385,391,711 93.2 $9,650,190,200 $S.955,120.375 92.S
result of these changes is that the surplus is reduced to £3,83.31
136,823.900
112.812.620
82.45
180.099.150
149,994,840
Grain,bush.
Per
Clearings—Returns by Telegraph.
.
1907.
Week ending\May 4.
.
_
1906.
-
Cent.
As a matter of
gram.
erate and makes much
_
—
—
•
or
""
333,000.
$9,067,932,995.
$7,535,3S6,551
Total value
1
i
Upon the whole, the
i
properties on the
York Stock Exchange each month since January 1 in
and 1906 is indicated in^the following:
The volume of transactions in share
New
1907
SALES OF STOCKS AT
THE NEW YORK STOCK EXCHANGE.
I
1907.
j
M'th:
Values.
Number
i
<
■!
0f
Shares.
Far.
Actual.
$
$
1906.
'
Number
of
Shares.
Values.
Far.
—
Actual.
$
$
Budget has been well received.
of
There is some grumbling because, to prevent evasions
the income tax, the Chancellor of the Exchequer proposes
to make changes which are denounced as
inquisitorial.
Probably, however, they Mill be found far less vexatious
than they appear upon paper.
With regard to the Stock
Exchange, the Budget ought to prove highly popular, for
it is likely to give a great stimulus to business.
During the
Balfour administration the sinking fund was practically sus¬
i
pended, firstly, because of the war; and, secondly, because
money was diverted to carry out great public works, espec¬
ially naval and military. Since the new Government came
22,702.760 1.94S.477.925 1.854,950.93038.51S.54S3.513.S0S.70O3.333.4S1.49S
16,170.972 l .918.394,800 1,241.478,04921,699.$00 1.968,990,000 1,831,598.764
into power
it has redeemed nine
millions sterling of debt.
i But, although that has had a very beneficial effect in many
Mch. 32.20S.5252,7S7.013,1502.609.S20.-122 19,407,684 1.729.841,900 l,591.417.290 ! ways, it has not brought new business to the Stock Exchange,
since the debt redeemed consisted entirely of floating debt
1 stqr 71,3S2,257 0.053.910*. 175 5.700.250,001 79.080.032 7.212.641.200 6.756.497.552 !
The Treasury bills have now,
Apr 19,235,052 1.086.095.950 1.508.907,413 24.330.919 2.158.010.950 l .928.749.870 J and mainly of Treasury bills.
however, been brought down to such a very manageable
Jan
Feb
.
_
.
The
that it is not likely that any of the sinking fund
by months ! proportion
will continue to be applied to them.
The sinking fund, in ail
reasonable probability. Mill be applied to the purchase of
CLEARINGS.
consols, and if so a sinking fund or 15 millions sterling in the
iunv year must have a very great stimulating effect upon the
orK.
Clearings Outside New
stock markets.
In addition to this, it is to be observed
following compilation covers the clearings
since January 1:
MONTHLY
Clearings, Total All.
Month.
,""7-
1900.
‘
$
!
%
1907.
1900.
$
$
%
_
$
Jan
Feb
Mob
.
15.027.761,299 10.339.440,212 —S.l
1 1.798.980.922 12.4-S2.342.0SS —5.5
M.032.191.732 ,13.012.401,900 +12.4
1st qr_ 41.458.933.953
Apr
..
41,834.184,260
12,036.909.343 12.902.155.095
5.390.090.315
5.101.239.5341
4407.471.140
5.009,913.929
4.157.918.504
4.635.107.777
+ 5.4
+ 7.4
+ 94
+ 7-4
—0.9 14.927.475.490 13.894.325.875
—2.1 4.909.381,529 4.358.919.528 + 14.0
cities of the country
for the month of April and since January in each of the last !
our years is shown in thesubjoined'statement:
The
course
of bank clearings at hauling
that the San Francisco earthquake cost the British insurance
companies in round figures 14 to millions sterling. The
liabilities have now all been discharged, aud therefore the
insurance companies, instead of constantly selling as last
year. Mill in the present year be constantly buying.
In
other words, the sinking fund and the iusuranee companies
together Mill pour into the stock markets during the new
year in round figures 30 millions sterling.
Money has become exceedingly easy.
I'he rate of dis¬
count is barely 3$$%. and day-to-day money is almost unIt is true that about 3 millions sterling are due
lendahle.
1034
THE CHRONICLE.
to the Bank of France and that the
re-payments have begun.
But the bills held by the Bank of France fall due at different
dates during the next two or three months.
Consequently
the shipments of gold will be spread over a considerable time.
Against this, it is further to be recollected that the arrivals
of gold from South Africa are now on an immense scale,
and that the Bank of England consequently is growing ex¬
certain therefore that the Bank
rate will be reduced on Thursday next.
[The rate was re¬
duced as expected—from 4^ to 4%.-.—Ed.]
The India Council offered for tender on Wednesday 70 lacs,
and the applications amounted to 578^ lacs, at prices
ranging from Is. 4 3-32d. to Is. 4 5-32d. per rupee. Appli¬
cants for bills at Is. 4 3-32d. and for telegraphic transfers
at Is. 4 o-32d. per rupee were allotted about 12% of the
amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last four years.
tremely strong.
Circulation
Public deposits
Other deposits
Govemm't securities
Other securities
It
seems
1904.
April 20.
1S03.
April 22.
£
£
£
£
1906.
April 17.
£
28.550.400
9,044.391
48,634,110
28.875.365
9,894,659
15,447,423
34,325,702
15,977,281
31.876,365
23,370,031
33,795.396
28,958,410
10,853,913
39,001,646
15.495,306
43,502,080
Reserve,notes&coin. 25.794,496
Coln&bull..bothdep 35,894,896
Prop, reserve to lia¬
bilities
Bank rate
April 18.
1905.
April 19.
1907.
28,619,320
8,566,629
38.795.774
14,524,291
28,129.465
8,734,412
44,741,025
17,283,980
28,823,629
26,369,149
25,822,122
26,154,674
24,491,697
34,936,017
24,861,000
36.330,532
34,540,665
44%
43%
51%
46 11-16
51%
4%
3%
2%
«
*3
4
86 3-16
90%
90 11-16
88%
9111-16
Silver
30%d.
29 15-16d.
26%d.
24 13-16d.
23 7-16d
Clear.-hou8ereturns.27S,743.000 182,932,000 300,087,000 221,780,000 204.195,000
p. c.
p. c.
Consols, 254 P- c—
♦April 21.
The rates for money
have been
April 19.
4%
Bank of England rate
Open Market Rate—
as
follows:
April 13.
4%
Bank bills—3 months
3%
—4 months
3%
—6 months
3%
Trade bills—3 months
3%®3%
—4 months
3%
Interest allowed for deposits—
3
By joint-stock banks
March 28.
5 1-16 @5%
April 5.
5
3%
3%
3%
4 ©4%
4®4 %
4%
4%
5 1-16 @5%
5 @5 %
4% @4%
5% @3%
5% @5%
5% @5%
5
5
3
3%
3A
3%
3%
3A
By discount houses:
At call
3
3
7 to 14 days
3 hi
3 hi
The Bank rates of discount and open market
chief Continental cities have been as follows:
April 20.
Rates of
Interest at
Paris
Berlin
—
—
Hamburg
Frankfort
Amsterdam
Brussels
Vienna
St. PetersburgMadrid
..
.
—
_
6
5A
Pixley
Bank
Open
Rate. Market.
3A
6
6
6
6
5
4A
7
4A
_
Abell write
rates at the
April 6.
Bank
Open
Rate. Market.
3A
3%
6
4%
6
4%
6
4 11-16
6
5%
4A
5
4 5-16
4A
7
4
4%
6
5A
4
4A
Copenhagen
Messrs.
April 13.
Bank
Open
Rate. Market.
3A
3%
6
4A
6
4A
4 9-16
6
5A
4%
4
5
4%
4A
3%
as
6
-
3%
5A
5%
5%
5%
4A
4%
March 30.
Bank Open
Rate. Market
3A
3%
6
5%
6
5%
6
5%
6
5%
5
4A
4A
4 7-16
7
4
4A
4
5A
6
5A
follows under date
of
April 18:
GOLD.—In the absence of any outside demand, the Bank has secured this week’s
tree gold, amounting to about £500,000.
This week’s movements are as follows:
The Bank has received £461.000. of which £455,000 is in bars, while £230,000 has
been withdrawn, of which £200,000 is for Paris, and it is expected that more will
the same quarter. £241,000 is expected from South Africa next week. Arri¬
vals—Cape, £562.000; Australia, £156,000; Bombay, £61,000; Brazil, £13,000;
West Indies, £15,000; total, £807.000.
Shipments—Bombay, £75,550; Madras,
£12,750: total. £88,300.
SILVER.—The market has been firmer again this week, and after being up to
30%d. for cash and down to 30%d., we close at 30 5-10d., with a steady tone.
There has again been some Eastern inquiry, and with India a less aggressive seller,
the position has improved.
Rates from China are much firmer. Cash silver is again
very scarce.
Price in India. Rs. 77 per 100 Tolahs. Arrivals—New York, £102.000;
Straits (coin), £352,000; China (coin), £47.000; total, £501,000.
Shipments—
Bombay. £222.500; Madras. £5,000: total. £227.500.
MEXICAN DOLLARS.—There is no business to report in these coin.
Arrivals—
New York, £10,000.
Shipments—Nil.
Week ending May 3.
Sat.
Silver, per oz.
d. 30%
85
2
7-16
Consols, new, A per cents:.
For account
85%
French Rentes (in Paris), fr. 94.57%
Russian Imperial 4s
75
Do
quotations for bullion
GOLD.
Apr.
8.
London Standard.
Bar gold, fine, oz
77
U. S. gold coin, oz
76
German gold coin, oz. *76
French gold coin, oz.. .♦70
.*76
Japanese yen, oz
.
.
.
♦
are
reported
as
follows:
SILVER.
d.
London Standard.
Bar silver, fine, oz
9
4A
2 mo. delivery, oz.
4 A Cake silver, oz
4 A Mexican dollars
4A
18. Apr. 11.
d.
9
5
5
5
5
s.
77
76
*76
*76
*76
Apr. 18.
Apr. 11
d.
d.
30 5-16
30%
30 A
29 %
32 11-16 32 A
-
‘
-
.
.
nom.
nom.
Nominal.
The following shows the imports of cereal produce into
the United Kingdom during the season to date, compared
with previous seasons:
imports.
Thirty-three weeks.
Imports of wheat, cwt._
Barley
-
Oats
Peas
Beans
Indian
Flour
.
1906-07.
-53,223,400
16,073.900
1905-06.
51,214,200
15,697,000
6,863,500
1,237,110
637,040
32.235,300
8.825.000
8.187,.500
1,204,115
503,980
30.400.300
9,862.400
-
corn
-
1904-05.
65,472,500
16.093,500
8,656,600
1.456,780
1,160,130
27,813,000
7.575.620
1903-04.
56.340,721
23,453,568
10.234.698
1,509.500
1,608,308
33.131.167
14.615.584
Supplies available for consumption (exclusive of stock
September 1):
Wheat imported, cwt
Imports of flour
Sales of home-grown
1906-07.
1905-06.
1904-05.
1903-04.
53,223.400
8,825,000
51,214,600
9,862.400
24.110.250
65.472,500
7.575.620
11.396.702
56.340,721
14,615,584
12.937.994
58.187,250
28s. lid.
84.444,842
30s. 8d.
83.894.299
-27s. 9d.
2d.
30s. 4d.
19,165,350
Total
Average price wheat, week.
Average price, season
on
81.213.750
26b. 8d.
26s. 4d.
28s.
27s. 3d
do
New 5s
Mon.
31A
85%
85hi
94.55
74%
85A
96 A
12%
97 A
85%
96
Amalgamated Copper Co
6 Anaconda Mining Co
12%
Atchison Topeka & Santa Fe. 97 A
Preferred
Baltimore <fe Ohio
Preferred
Canadian Pacific
100
100
101 %
92 A
182
43 A
101A
93.
181
43
Chesapeake & Ohio..
Chicago Great Western
11A
Chicago Milwaukee* St.Paul.139
Denver & Rio Grande, com.. 30%
Preferred
77A
Erie, common
24%
a
Price per share.
Wheat
Flour, equal to
Maize
of wheat, flour and
This week.
Last week.
3,756.000
199,000
.qre.
325,000
3.806,000
205,000
390.000
qre.
qre.
1905-06.
1904-05.
3,880,000
200,000
380.000
3.680,000
145.000
345,000
98%
S
fc
68
X
54A
a
22%
37%
68%
54%
123
39
80 >4
86
a
122%
<
123%
22%
38%
68%
54%
123
39
80
39
80
83%
138%
65%
57%
43%
83%
140%
66%
58%
43%
43
23
43
22%
87%
22%
69%
150%
88%
22%
70
152%
89%
23
69
154%
91
91
91
38%
39%
104%
104%
14
15
27
14A
26A
67 A
58
41
151
40
151
123
H
C
44
43 A
141%
30
77%
25%
29%
77%
24%
57%
U
65*4
58%
12
140
25%
44
98%
102%
92%
182%
43%
102
92%
181%
43%
11%
0
w
25%
68%
67%
'
39%
105%
14%
26%
68%
d Ex-dividend.
For June account.
jporarierctai and UttsccUancous sterns
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Muller & Son:
„;,
Stocks
4 Phila & Trenton RR Co.
1 Waverly Gun Club.
.266%
]
$250 Green Mtn Summer Homei
Co of Vt bond
I
5 Green Mtn Summer Home 1
Co. of Vt
$25 each )$30
12 Ironton Struct Steel Co ilot.
of Minn, pref
|
12 Ironton Struct Steel Co
of Minn, com
20 Reliance
Trading Co
of N J, pref,$10 each
Stocks.
386 Mfrs Commercial Co of
N Y. pref
69 to'r84
24 Mechanics Bank of Bklyn 318
50 Mercantile Nat Bank.-..235
50 Oakland,Cal, TrCo, pref.105
5 Newark Bay Short Line-.100
15 N J Indiana * Ill RR....100
j
J
Bonds.
$2,000 Valley Counties Power Co.
San Francisco, 1st 5s, 1930,
M & N
95%
92 %
$100,000 Pennsylvania Sugar Re¬
12% Rutherford & Carlstadt
Ld & Bldg Co of Pater¬
60
fining Co 1st s f 5s, 1931
son, N J, $50 ea.$l 02 per sh
DIVIDENDS.
The following shows all the dividends announced for
future by all large or important corporations.
Dividends announced this week are printed in italics.
Name of Company.
Railroads (Steam)
Atchison Topeka & Santa Fe, common.
Atlantic Coast Line RR., preferred
Clevc. & Pillsb., orig. guar, (quar.)
Special guar. (quar.)
East Mahanoy.
Georgia Southern & Florida, lsl pref
Second preferred
Kansas City Southern, preferred
Missouri Kansas <fc Texas, preferred
Per
When
Books Closed.
Cent.
Payable.
Days Inclusive.
3
June
2%
1%
May
1
2%
2%
2%
4
2
2%
3%
Norfolk & Western, common
Pennsylvania
Reading, second preferred
2
Street Railways.
Georgia Ry. & Electric, Atlanta, com.. 33 1-T1&
Ohio Traction (Cincinnati), pref. (quar.)
1%
5
Tampa (Fla.) Electric Co
1%
TwInCityRap.Tran. (MInneap.) com. (qu)
June
June
June
May
May
July
May
June
May
May
1
May 11
10 May
2
1 Holders
1
15
13
13
1
10
19
31
10
of rec.
Holders of rec.
Holders of rec.
7
7
to
June 11
to
Apr. 21
to
May
May
20 Holders of
May
15 Holders of
15 Holders of
lc
to
Holders of rec.
Holders of reo.
Holders of rec.
May
May
May
to
to
April 26
rec.
to
rec.
rec.
the
June T2
May!f 9
MayJlO
May 410
May > 1
May] 13
May 113
July 1
May f 9
May 31
4
May
Apr. 23
May 10
April 30
May 1
April 30
Miscellaneous.
1%
%
Amalgamated Copper (quar.)
Extra
American Chicle, com. (monthly)
Common, extra
Amer. Dlst. Teleg. of N. Y
American Glue, common
Common, extra
1
1
1
2
T
Graphophone, pref. (qu.) (No.48)
American Locomotive, common (quar.).
American Radiator, common (quar.)
‘
Prc]erred (quar.)
Amer. Smelters Sccur., pref. ”A” (quar.)
Preferred ”B” (quar.) (No. 8)
American Tobacco, common (quar.)
Common, extra
Casein Co., pref. (quar.) (No. 28)
City Investing
Diamond Match (quar.)
Amer.
du Pont (E.I.)deNemouraPow.,com.(qu)
lot. Smokeless Powder A Chem., pref...
Montreal Light, Heat & Power (quar.)..
National Carbon, pref. (quar.)
New England Telephone A Teleg. (qu.)
NUes-BementrPond, pref. (quar.)
North American Co. (quar.)
Peoples Gas Light & Coke (quar.)
Pratt <t Whitney, pref. (quar.)
Pressed Steel Car, pref. (quar.) (No. 33)
Pullman Company (quar.) (No. 161)
Shelby Iron (annual)
Syracuse Lighting, pref. (quar.)
United Bank Note Corp., com. (quar.)..
United Copper, preferred
U. S, Cast I. pipe A Fdry., com. (quar.)
Preferred (quar.) (No. 26)
United States Express (No. 147)
i%
i%
i
i%
i%
i%
2%
May
May
May
May
iMay
May
May
May
May
June
May
June
June
June
June
5
2
3
.May
2%
1%
June
June
May
27 Apr. 26
27 Apr. 26
to
to
20
20
15
15
to
4
to
to
to
15
1
1
15
27
29
15
1
1
1
1
10
15
15
15
May
May
May
April
April
27
27
Holders of
to
rec.
1%
May
May
May
May
1
3
1
June
1H
June
2
15
1
1
11
26
9
to
May
16
May 25
May 16
May 16
1
May
1
May
to
to
to
June
June
June
3
2
2
to
to
May 9
May 16
May
June 29
Holders of rec. June
to
June 6
15 Holders of reo.
May
1% iMay 15 Holden of rec.
to
15 May
5
1% May
to
15 Apr. 22
1% May
to
15
1% May
May
9
1 Holden of rec.
1% June
25 May U
1% May
to
15 May
1% May
7
to
1% May 22 May 2
[May
5
5
20
20
to
to
May 11
4
2
5
May
May
May
May
May
May
May
May
May
June 23
5
April"80
April 80
May 15
May 6
May 16
May 16
May 26
May 16
May 21
15 Holden of rec. April 80
to
20 May 17
May 20
to
1 April 2
May 1
to
15 May
May 16
to
Mayll6
15 May
to
1 May
1 May 12
to
to
15 May
May 116
to
c July »1
1 June
31
’.to
May 31
to
May 15
15
May
% July
Corp.. com. (quar.) (No. 14).
1% May
Preferred (quar.) (No. 24)
3
May
Warwick Iron A steel
a Transfer books not closed,
b Payable In oommon stock at
e Inoorreotly reported In previous issue as May 15.
U. 8. Steel
English Financial Markets—Per Oable.
The daily closing quotations for securities, <fccf, at London
as reported by cable have been as follows the past week:
13
22A
38A
104%
84
100%
13%
98
58
40
152
124
89%
38%
75%
97%
30
78
65%
57 A
—
The following shows the quantities
maize afloat to the United Kingdom:
75%
<*83%
97%
42%
11A
141A
149%
lxxxiv.
Thurs.
Fri.
30 3-16 30 5-16 ';
84 15-16 85%
85 3-16 85%
•
95.05
95.17%
12%
99%
99%
43%
22%
87%
22 A
69A
c
Wed.
30%
182
HA
6 £ sterling,
Tues.
30 7-16
85 3-16
c85 7-16
94.95
75
85 A
102%
92 A
139 A
30
77 A
24 %
57
39 A
152
124
22 A
38
67 A
54 A
122 A
39
78 A
82 A
137 A
First Preferred
57
Second Preferred
39
Illinois Central
151
Louisville & Nashville
123
Mexican Central
22A
Missouri Kansas & Tex, com. 38
Preferred
67 A
National RR of Mexico
54%
N Y Central & Hudson River 122
N Y Ontario & Western.... 39 A
Norfolk & Western, common 78A
Preferred
82 A
Northern Pacific
136A
a Pennsylvania
65
a Reading Co
57
44
a First Preferred
a Second Preferred
43%
Rock Island Co
22%
Southern Pacific
86 A
Southern Railway, common. 22 A
Preferred
69 A
Union Pacific, common
146A
Preferred
89 A
U. S. Steel Corp. common..
38
Preferred
104
Wabash
14A
Preferred
26A
Debenture Bs
67A
go to
The
[Vol.
l5
Clearing-House Banks.—
The following statement shows the condition of the New
York City Clearing-House banks for the week ending April
27.
It should be distinctly understood that as to all items
except capital and surplus the figures are the averages of the
daily results, not the totals at the end of the week. In
other words, in reporting loans and deposits and holdings of
specie and legal tenders, the practice is to take the aggre¬
gate of the amounts for the several days of the week and
divide this aggregate by the number of days.
Statement of New York City
Wc omit two
Banks
00s omitted.
2.000,0
....
3,000,0
1,500,0
1,000,0
25,000,0
3.000,0
City
Chemical
Merchants’ Ex.
Gallatin
Butch.& Drover
Mech.A Traders
430,1
22,552,8
5.364,7
600,0
503,7
1,000,0
300,0
2,000,0
500,0
5,000,0
25,000,0
3,000,0
2,411.3
160,6
910,3
500,0
10,000,0
698,6
4,983,7
14,945,0
5,028,2
784,0
1,048,4
469,5
2,295,3
8,389,8
966,0
346,7
1,541,4
890,7
4,834,2
1,204,8
7,130,7
8.415.3
124,4
3,166,6
1.900,2
19,981,1
Irving Nat. Ex.
Bowery
N. Y. County..
2,000,0
1,038,2
250,0
200,0
779,9
841,6
German-Amer
Chase
Fifth Avenue..
German Exch..
Germania
Lincoln
GarOeld
Fifth
750,0
5,000.0
200,0
500.0
604,0
4,595,2
1,894,9
831,4
944,6
1,500,4
1,000,0
1,369,1
250,0
1,000,0
200,0
458,5
1,718 0
852,7
1.000,0
300 0
1,000,0
1,000,0
1,000,0
1,000,0
1,357,2
699,2
2,291,1
626,5
284,8
611,4
Greenwich
Amer. Exch
....
Commerce
Mercantile
....
500.0
450,0
Pacific
Chatham
200,0
2,000,0
3,000,0
2,550,0
500,0
1,000.0
2,000,0
3,000.0
People's
North America.
Hanover
Citizens’ Cent..
Nassau
Market <fe Fult.
Metropolitan
..
Corn Exchange.
Oriental
750,0
1,500,0
3,000,0
Imp. & Traders'
Park
250.0
East River
3,000.0
Fourth
Second
First
.
100,0
200 0
..
Metropolis
West Side
Seaboard
1st Nat., Bklyn
Liberty
n
N. Y. Prod. Ex.
New Amsterd’m
State
$
%
17,411,0 26.1
29,329,0 38.8
16,014,9 26.4
20,638.0 26.4
24,931,7 25.8
7,615,0|27.8
$
1.798,0
2,137,0
1,069,7
2,254,0
2,200,6
3,261,2
13,370,7
3,208,0
20,793,0
4.253,5
23,276,5
2,017,0
8,009,0
156.863,4 26,200,8
4,980,1
26,116,8
1,361.6
6,143,0
900,3
8,478,9
520,9
2,311,2
3,256,0
16,809,0
1,082,3
5,823.3
3,681,1
27,979,2
21.890,4
142.660.3
2,939,4
20,241,7
390,4
3.227.0
626.1
5,601,6
461,2
2,182,9
3,086,5
17,281,6
9,729.8
59,839,3
3,360,6
21,016.9
311,0
3,704,1
1,715,0
7,657,7
2,642,2
10,702,2
6.609.0
37.831,0
1,829,6
9,971,9
4,915,0
25,331.7
74,294,0 17.001,0
267,4
1.327,0
2.973,0
19,246,0
1,157,0
10,157,0
94,239,1 21,632,7
3.646,2
16,853,3
750,0
3,387,0
1,070.9
5,178,7
741,3
3.750.3
54,241,1 14,839,9
2,089,5
10,227.3
192,0
3.446,8
841,1
5,262,9
1,773.3
14,672 7
1.402,9
7.579.1
611,4
3.237.2
867,3
9,834.9
597,0
4,244,0
3,504,0
16,990,0
663,0
4,743.0
2,951,8
12,883,9
1.567.6
6,383,7
938,0
4.582.7
3.797.0
12.719,0
(00) in all these figures.
We omit two ciphers
Capital
Surplus.
$
$
$
$
$
New York
Mch. 30.. 283,157.9 1056,545,2 195.659,7 72,425,9 1019,817.3
1036.713,1
Apr. 6.. 288.090,5 1062,688,8 206.958.0 71.661.5
1081,661,9
Apr. 13. - 288.090,5 1099.657.1 212.966,3 73.302,1
1108.163.5
Apr. 20.. 288.090,5 1125,004,9 215,129,4 73.616,3
1106,183.3
Apr. 27-- 288,090,5 1123.417,6 213,126,3 75,766,3
107,0
133,561,4 25.1
7,359,0
1,769,8
25,327,0 26.6
6,350,4 23.3
5,951,8 25.3
2,421,9 24.3
19,694,0 25.4
6,362,9 22.1
20,081,0 [23.5
121,100,9 25.6
15.302,0 24.7
3,806,7 22.9
5,553,4 26.7
2.490,8 28.4
16,759,2 26.1
67,812,9 24.2
20,580,7 26.1
4,100,2 18.6
7,689,5 30.0
10,967,3 25.6
43,670,0 25.8
10,284.3 22.1
22,799,0 27.0
84,270.0 26.1
1,607,9 26 8
121,4
606,3
68,3
1,749,0
330,0
1,057,9
9,231,1
854,4
483,5
860,2
248,3
1.289,2
6,691,3
2,022,4
454,2
593,5
169,5
4,549,0
451,4
1,248,0
5.008.0
164,2
25 8
20.3
27.5
25.6
22.6
25.6
26.0
26.5
10.887.1 25.8
4,360.1 22.7
6.980,7 28.5
16,018,9 24.7
7,557.2 22.7
3.310.1 24.1
9,709,7 25.4
4,587.0 24.8
19,829 0 26.2
4,727.0 24 2
11,795.1 29.7
7,551.9 26.3
5.763,5 24.1
15,482.0 25.8
19,080,0
9,769,0
83,856,4
16.964,2
3,550,0
6,256.9
3,562.1
60.100.6
1,957,0
1,413,0
1.461,2
709,7
53,0
535.5
187,0
1,113,4
722.7
800,0
1.149.1
2.199.2
317.4
189,6
1.602.1
545,0
1,717.0
483,0
585.7
425,1
456,4
198,0
43.6S0.0
177,128,0
179,053.0
181,796,0
190,124,0
51.165,0
51,165,0
219,592,0
219,482,0
51.165.0
221,094,0
223.071.0
6..
43,680,0
Apr. 13..
43,680,0
43,680,0
Apr. 20..
Apr. 27..
Phila.
Apr. 6..
Apr. 13..
Apr. 20..
Apr. 27-a
also
51,165.0
$2,707,933
11,604,540
$2,454,820
$2,066,497
14.719,525
11,429.115
9.711.372
$17,670,304
$14,312,473
$13,883,935
$11,777,869
$66,964,705
$59,206,600
197,482,663
$51,162,838
$44,060,377
202.082,719
163,318,075
$2,950,779
Dry Goods
General Merchandise
Total
Since January 1,
Dry Goods
General Merchandise
236,010.825
$302,975,530 $256,689,263 $253,245,557 $207,378,452
Total 17 weeks
following is a statement of the exports
specie) from the port of New York to foreign
week ending April 27 and from Jan. 1 to date.
The
$14,849,398
203.054,908
For the week
Previously reported
$12,836,330
199,750.490
Sur¬
tal.
plus.
Loans.
and
Invest¬
Specie.
following table shows the exports and imports of
specie at the port of New York for the week ending April 27
and since Jan. 1 1907, and for the corresponding periods in
The
1906 and 1905:
EXPORTS AND
IMPORTS OF SPECIE AT
ments.
Great Britain
France
..
.
.
Clear¬
ing
Notes.
Agent.
Net
Other
Banks'
&c.
Dejwsits.
Century
Chelsea Exch
Colonial
Columbia
Consol. Nat.
....
Fidelity
....
14til Street
Hamilton...
Jefferson
Mt. Morris..
Mutual
19th Ward..
Plaza
Riverside
12th Ward..
23rd Ward..
Union Exch.
Yorkvllle
Coal A I.Nat,
34th St. Nat.
Batt.Pk.Nat
.
$
100,0
200,0
100,0
100,0
300,0
1,000,0
200,0
1,000,0
200,0
500,0
250,0
200.0
200,0
100,0
100,0
2(H) .0
100,0
750.0
100,0
500,0
200,0
200,0
Borough oj
Brooklyn.
Borough
Broadway
Brooklyn
$
174,7
154,0
103.7
427.S
442,3
1,123,4
144,4
424.0
243,3
642,7
219,5
286,5
260,7
342,9
101,1
211,3
174.6
839.6
384,7
583,8
210.9
121,5
1,280,5
1,204,2
4.199.2
6,316,0
6,434,0
1,115.6
7,020,5
4.694.3
4.454,2
2,480.9
3,532,6
4,167,0
3,896,0
1,906,0
2,537.0
1.725,2
9,029,7
3,395,4
5,116,0
1,281.3
759.6
$
66.7
89,9
119,8
524,2
488,0
210.6
85.1
388.7
419,0
187,4
401,6
187,3
334.3
195,0
86,8
285,0
121,9
727,1
331,3
527,0
96.3
95,6
$
$
13.1
25,1
76.3
85,2
298,0
816,3
14,0
406,3
273.2
$
967 ;s
50,3
75,1
49.5
375,6
257,0
45,6
68.0
344,3
223,5
233,9
41,2
117,3
296,4
337.6
268.0
115,3
214,0
156,9
245.1
358.7
120,6
14,2
28,0
342.0
13,3
41,0
65,2
460,2
39.5
808,5
315,5
98,1
97.1
6,0
45,8
$
37,5
148,2
242,6
412,6
440,3
471,0
138.4
58,3
1.5
211.6
.
.
128.0
_
_
109.4
83.4
60.0
9,0
-
-
•
-
$
800,5
1,469,8
1.532,2
4.931.8
6,699,0
5,030,5
1,074,3
7.444.7
5,658.6
4.207.8
3,046,8
3,543,8
4.704,6
4,259,0
2.072.8
2.971.0
2,037.8
8,869,7
4,083,4
4,888,0
1.351.1
630.2
24,600
4,000
378,600
7.000
3.321
1,387,336
80,203
8,866
115.346
53.611
867.472
$140
$92,530
8.914.921
$1,776,536
4.704,522
32,625,807
445.947
155.939
$5,219,105
13.782,081
5.016.511
$2,259
$S97,907 S12.992.761
540.000!
France
...
.
Germany
Mexico
South America
All other countries
Total 1907.
Total 1906
Total 1905
LU-W* 58
1,000
53.988
12.500
West Indies
600
1,786
746
127
$910,407 S13.590.135
18.844,060
10,920,514
$15,404
81.864
38,891
1,124,405
423,605
-
44,523
272.343
334.548
5.044
$2,260
12.271
$658,775
814,713
1.052.741
<
Second Nat.
127.3
346.6
485.0
220,8
23,5
5.621.8
2.003.6
1.943.7
19.1
57.8
172.5
75,3
201,9
169.3
2,275.6
1.835.6
4.184,3
2,481,1
1,792,5
195,8
81,0
40,2
580.5
193,2
2.489.1
126,1
66,6
.
Hud- Co. Nat
2,004,2
400,0 1 162,7
713,9
250,0
349.7
200,0
..
Third Nat...
Hoboken.
First Nat...
320.2
63,9
93.8
214.0
88.8
110.3
631.1
447,0
361,0
...
Jersey City.
First Nat...
118,8
69.9
34,5
361.0
160,6
43,2
12,8
123.6
427.6
249,8
221,0
125,0
22,3
220,0
125.0
1,694.6
121,2
-
-
-
gold coin and $12,500 were
$28,600 wore American
American silver coin.
Uhulitng aucl J* tmmcial.
*
i
•
11
2
•
r?r
-
'"r
oiroul&r
pleased to mall investors copies of our 10-page
describing 57 Short-Term Notes sud Co Hater*!
Bonds.
Trust
Spencer Trask & Co.
-
4.832.8 133356.8
Tot. Apr; 27. 10847,0 14731.3 124743,5 6,129,8 6,691,4 13,381,4
5.204.0 133558.9
Tot. Apr. 20. 10847,0 14731,3 124254,9 5,858.1 6,636,3 13.825.5
4M5.t 138001.9
Tot. Apr. 13. 10847.0 14731.3 123882.4 5.885,4 6.804.7 14,157.2
i
the week in 1907, $8,673 were
American silver coin. Of
Of the above imports for
American gold coin and $1,7S7
the exports during the same time
We shall be
3,482.7
2,892.0
2,251.4
5.137.4
13,261.6
5,578,0
111.0 3.936.0
1.930,0
325.3
236,6
280.2
381,2
735.9
980.8
1,212,0
797.0
63.2
182,2
156,3
3,196,0
2,690,1
405,4
1,885,6
152,8
4.582,0
718,5
896,5 11,640.4
5,797,0
946.9
625,0
3.137.0
1.654,8
212,5
200,0
150,0
300,0
252,0
Mfrs’ Nat...
Mechanics’
1,000,0
750,0
Nassau Nat.
National City
300,0
100,0
North Side..
...
$2,540,353
331.087
1,155,297
$3,600
:
Man.&Br'x.
Since Jan. 1
Week.
$3,600
$32,200
405,000
434,000
Total 1907
Total 1906
TntAl 1005
Silver.
N. Y.
Wash. H’gh’s
Imports.
Since Jan. 1
South America
All other countries
Great Britain
City.
Boroughs oj
NEW YORK.
.
Mexico
Tender
and
Bank
$9,157,870
156,695,338
$10,926,358
169.866.950
$217,904,306 $212,586,820 $180,793,308 $165,853,208
Total 17 weeks
Deposit with
Legal
Capi¬
1904.
1905.
1906.
1907.
(exclusive of
ports for the
WEEK.
NEW YORK FOR THE
EXPORTS FROM
Germany
West Indies..
ciphers (00) in all cases.
also
1904.
1905.
1906.
1907.
For week.
Week.
the
amounxea
NEW YORK.
FOREIGN IMPORTS AT
Exports.
the
amounted
P
New York for the week ending April 27,
beginning of the first week in January:
$31,648,600.
Reports of Non-Member Banks.—The following is
statement of condition of the non-member banks for
week ending April 27, based on average daily results.
Banks.
othiFbanks”~and
Government deposits
for the Week.—The following are
Imports and Exports
the imports at
totals since the
Gold.
Wc omit two
item "due to
20 to $4,234,000.
April 27 to $4,396,000; on April
162.345.3
143.376.5
151,297,9
138,310,2
248,669,0 14.017.0
253.079,0 14,001,0
259,564,0 13.998,0
259,284,0 13,989.0
54,505,0
58,548,0
62,034.0
60,547,0
Including for Boston and Philadelphia the
Government deposits.
For Boston these
a
Total of United States deposits included.
$
$
50,820.0 1,994,438.6
50.398.8 2.006,935,3
50.238.6 1,881,534,4
50.106,8 1,725.859.7
50.069.3 1,577,474.8
m
185,972.2
209.372.0 8.511.0
170.257,6
213.222,0 8.495.0
156,333.8
225,187.0 8,520,0
163.792.4
223,683,0 8,503,0
4.224,0
4,482.0
4,492,0
4,851.0
17.037,0
17,574.0
18,858,0
19,055.0
Clearings.
Circu¬
lation.
Legals. Deposits, a
Specie.
Loans.
and
Banks.
1106,1S3,3 26.1
128,100,0 159,990,5 1123,417,6 213,126.3 75.766.3
Totals
a
s' rve
2,778,0
9,244,0
18,838,0
21,875,0
.
Deposits, a ; Re¬
Legals.
$
summary
Boston.
i
$
2,987,4
2,908,8
1,557,6
3,679,4
4,080,5
2.000,0
2,050,0
Specie.
[
$
$
a
Apr.
|
Loans.
City, Boston and Philadelphia Banks.—Below
of the wreekly returns of the Clearing-House
banks of New York City, Boston and Philadelphia.
The New
York figures do not include results for non-member banks:
New York
is
ciphers (00) in all cases.
Surplus.
Capital.
Bank of N. Y._
Manhattan Co.
Merchants'
Mechanics’
America
Phenix
1035
THE CHRONICLE
1007.]
May 4
Branch Office,
Albany,N.Y.
W illiira aud Pine St*.,
Moffat
&.
New York
White
Stack Exchange.
HANOVER BANK BUILDING
members New Ysrk
6
NASSAU STREET.
Dealer* In Investment
COMMISSION ORDERS
Securlllea.
EXECUTED FOR
oM'a *m
For Dividends see page
$1,000 Virginia fund, debt 2-3s, 1991, at 93%.
1034.
Friday Night, May 3, 1907.
Money Market and Financial Situation.—Owing
largely to a dearth of other news, crop reports have been one
of the most prominent topics of interest in Wall Street
during the vreek. The reports were for the most part un¬
favorable, and vrheat has further advanced as a consequence;
but their effect in the security markets has been less marked.
Prices, it is true, have been more or less irregular, but every
railway stock which as been at all active closes higher than
Wall Street,
The
last week and a fevr issues have made a rather sensational
advance.
This movement towards a higher level is, in
a
continuation of that noted last week, and
therefore not due to outside interest in the market.
The announcement of an issue of $25,000,000 5% con¬
vertible bonds by the Atchison Company attracted atten¬
tion chiefly on account of the rate.
The weekly state¬
ments of the three most prominent European banks all
show a considerable increase of loans and a smaller per¬
reserve than those of the previous week.
The
local money market has been somewhat firmer, call-loan
rates having been quoted at 4% on Wednesday.
Presum¬
centage of
ably, however, this was due to monthly settlement day
and not to any change in market conditions.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 1 to 4%.
To-day’s rates on call were 2%@4%. Prime
commercial paper quoted at 5%@6% for endorsements and
5%(«)6%for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £433,330, and the percentage
of reserve to liabilities was 45.21, against 45.32 last week.
The discount rate remains as fixed April 25 at 4%.
The
Bank of France shows an increase of 1,700,000 francs in gold
and
a
decrease of 375,000 francs in silver.
The New York City
Clearing-House banks, in their state¬
April 27, showed an increase in the reserve held of
$146,900 and a surplus over the required reserve of $12,346,775, against $11,704,825 the previous week.
ment of
Differences
from
previous week.
1907.
April 27.
Capital
$
128.100,000
Surplus
159.990,500
25% ot deposits
Surplus reserve
1906.
1905.
April 28.
April 29.
$
115,972.700
137,656,500
148.305.000
1,039,210.500 1.097,902.100
51,138,400
44.149,200
1.028.683.200 1.146,528.600
217,715.100
186,734,300
85,582.300
80,803,900
$
116,472,700
%
Loans and discounts... 1,123.417,600 Dec.
Circulation
50.069.300 Dec.
Net deposits
all06.183.300 Dec.
213.126,300 Dec.
Specie
75,766.300 Inc.
Legal tenders..
Reserve held
1,587,300
37.500
1.980,200
2.003,100
2,150,000
288,892,600 Inc.
276,545,825 Dec.
146,900
495,050
267.538.200
257,170.800
303.297.400
286.632,150
12.346,775 Inc.
641,950
10,367.400
16.665.250
$31,648,600 United States deposits Included, against $31,612,300 last week and
$28,953,300 the corresponding week ol 1906. With these United States deposits
eliminated, the surplus reserve would be $20,258,925 on April 27 and $19,607,900
on April 20.
Note.—Returns of separate banks appear on the preceding page.
a
Foreign Exchange.—The market was dull and easier until
Wednesday, when there was a recovery due to a demand for
remittance and a small supply of bills, and the tone was
generally strong thereafter, closing at the best rates for the
wreek.
To-day’s (Friday’s) nominal rates for sterling exchange
4 84 for sixty-day and 4 87 for sight.
To-day’s (Fri¬
day’s) actual rates for sterling exchange were 4 8350(5)4 8360
for long, 4 86 10(5)4 8645 for short and 4 8675(3)4 8680 for
cabhs.
Commercial on banks 4 8315(3)4 8325 and docu¬
ments for payment 4 82% @4 83%.
Cotton for payment
4 82%@4 82%, cotton for acceptance 4 8315(5)4 8325 and
grain for payment 4 83%@4 83%.
To-day’s (Friday's) actual rates for Paris bankers’ francs
were
5 19%/<@5 19%a for long and 5 10%a(3)5 16%3 for
short.
Germany bankas’ marks were 94 9-10(5)94% for
long and 95 1-10(5)95%5 for short. Amsterdam bankers’
guilders were 40 31(5: 40 33 for short.
Exchange at Paris on London to-day 25f. 15c.; week’s
range 25f. 16c. high and 25f. 15c. low.
The week's range for exchange rates follows:
were
Ison/j
tables—
Short
—
SUrlinrj. Actual—
High
4 8350
Gil 8300
Low
4 8315
©4 8320
Paris Bankers’ Francs —
U 8040
14 8610
@4'S645
©4 8615
©5 1 U%a
@5 20
Germany Bank its’ Marks —
94 9-16
@9494
High
Low
94 H
@9-1V*
I5 10':a
15 17.14
@5 16
@5 1734a
High
5 19 $4 A
5 2094
Low
i
14 8075
14 8640
<514 8680
©4 8645
j
1
!
95 1-10 ~ @ 0594 d
94 15-16 @95
1
1
40 31
40 1-16
I
I
|
Amsterdam Bankers' Guilders—
High
IvOW
Less:
Plus:
1-16 of 1%.
k 1-16 of 1%.
a
d 1 -32 of 1 %.
x 1-32 of 1%.
@
%
40 33
40**
h 3-32 of 1 %.
y 3-32 of 1%.
The following were
the rates for domestic exchange on
Savannah
buying, 50c. per $1,000 discount; si lling, 75c. per $1,000
premium. Charleston selling, $1 per $1,000 premium.
New Orleans bank, par; commercial, 35c. per $1,000 dis¬
count.
Chicago, 5c. per $1,000 discount. St. Louis, 5c.
per $1,000 discount.
San Francisco, 20c. per $1,000 pre¬
New York at the undermentioned citi<s to-day:
mium.
LXXXIV
State and Railroad Bonds.—Sales of State bonds at the
Board include $5 000 Tennessee settlement 3s at 96 and
$amuevsr (S&ajelte.
large part,
[VOL.
THE CHRONICLE.
1036
The market for railway and industrial bonds continues
dull and generally featureless.
Not only have the transac¬
tions been on an exceptionally limited scale, but fluctuations
have been so narrow as to make a review of the market almost
devoid of interest.
Atchison convertible 4s have been relatively active, and
declined on the announcement of a new issue of 5s.
Penn¬
sylvania conv. 3%s, 1915, Southern Pacific 4s and Inter.Met. 4%s have been relatively strong.
Several issues sold
ex.
interest
on
the 1st.
United States Bonds.—Sales of Government bonds at the
Board are limited to $7,000 3s, reg., 1908-18, at 102%.
The
following are the daily closing quotations; for yearly
third page following.
range see
Interest
Periods
April
April
April
May
May
May
27
29
30
1
2
3
*104
*104
*104
*104
*102**
*103*2
*102**
*101**
*101**
*129*2
*130*2
*104**
*102** *102*3
*103 >2 *z02 *2
*102** *£02**
*101** *101**
*101** *101**
*129*2 *129h
*130*2 :*x29*2
*104** *104
♦
104
registered Q—Jan
coupon Q—Jan ♦ 104
1908-1918
registered Q—Feb *102**
1908-1918
coupon Q—Feb *103*2
1908-1918--small coupon G—Feb *102**
.registered Q—Jan *101**
1907
1907-.coupon Q—Jan *101**
1925
registered Q—Feb *129**:
1925
coupon Q—Feb *130**
1936-Panama Canal regis Q—Nov *104**
28. 1930
2s. 1930...
3s.
3s,
3s,
4s,
4s,
4s,
4s,
2s,
!*104
*104
*104
*104
*104
*104
J02*2
*102*2
*102**
*101**
*101**
*129*2
*129*2
*102*2
*102*2
*102**
*101**
*101**
*129*2
*104
*104
*129*2
1
♦This is the price
bid at the morning board; no sale was made.
Railroad and Miscellaneous Stocks.—The volume of busi¬
in stocks remains practically the same as last week,
ness
daily transactions averaging between 550,000 and 600,000
The market was generally steady during the early
part of the week, noteworthy changes having been rare up to
the close on Wednesday.
On Thursday there was an up¬
ward movement, in which the entire active list participated,
led by the Union Pacific issues.
On sales of about 2,100
shares, Union Pacific preferred advanced 8 points and sold 2
points above its previous highest price of the year. Within
the week the common advanced 8% points and it closed
near the highest.
Southern Pacific was strong in sympathy
and advances of from 1 to 4 points have been general through¬
Northern Pacific covered a range of 5 points;
out the list.
St. Paul, Delaware & Hudson, Amalgamated Copper and
Smelting & Refining from 4 to 5 points and Great Northern,
North West, and Reading from 3 to 4, all closing at or near
the highest.
New York Central has shown a tendency to
weakness on its quarterly report just issued.
New York
Air Brake is the only active stock that closes lower than
shares
last week.
For daily volume of business see page 1046.
The following sales have occurred this tveek
represented in
our
STOCKS.
Week, ending May 3.
detailed list oil the
Sales
I1
Range Jor week.
of shares not
which follow:
Range since Jan. 1.
for
Week.
Bethlehem Steel Corp—
Cent & So Amer Teleg-Comstock Tunnel
Consolidation Coal
Federal Sugar, pref
General Chemical, pref.Gt Northern subscription:
certfs40% paid
Homestake Mining
!
Inter Mer Marine...
Preferred
!
Iron Silver Mining
!
N Y A N J Telephone
:
Peoria A Eastern
1
United Cigar Mfrs, pref.
j
Outside
pages
Lowest.
Highest.
i| Lowest.
\
Highest.
1 10 ** Mchi 20*4 Jan
May
3 134*2 April 143
Jan
1 23c. Mch 50c.
99*4
Jan
May
100; 90 May 1 90 May 1 90
Feb 90
April
680; 84 H May 3i 85** May 3 76
180: 99
April 30; 99**April30: 97*4 Mch! 102 *4 Feb
50; 12
May
May
1 12
157:138 April 27 143
May
3,900 31c. May
3 35c. May
3.930126 April 27129 May 3 122
April 130** April
Feb
1 60
575 5514 May
April 29 55*4 May: 85
7 *4 May
3,900i 7*4 April 29
2
7*4 April' 7 % May
680: 22*4 April 29 23?* April 30, 2214 April 24
April
Jan
100 *2.35 May 2*2.35 May 2 *2.35 May *4*4
Mch 115
Jan
400; 114 April 30 115 May 3 108
Jan
Mch 30
200! 22 May 3 22 May 3 18
Mch
92
240:
94*4 Jan
April 30 92 April 30 87
Market.—Speculation
in
the
market for
un¬
listed securities ruled quiet this week with special activity in
one or two stocks.
The general tone of the market, however,
was firm.
Nevada Utah Mining and Smelting was one of the
active issues, the price advancing from 4% to 6%.
Later, trading quieted down and it sank to 5%. Boston
Consolidated Copper, after an advance of a point to 29%,
became animated and jumped to 30%, and to-day scored a
further advance to 31%.
Butte Coalition moved down from
27% to 26% but advanced finally to 28%. Nevada Con¬
solidated Copper sold up from 14% to 15%.
Greene Con¬
solidated Copper, on few transactions, gained’ a point to 26
but fell back to 24%.
United Copper Common dropped
from 62% to 61 but recovered to 61%.
Dominion Copper
moved up a point to 7 and then sank back to 6%.
Trinity
Copper advanced from 21% to 23. Outside the copper
shares, Manhattan Transit was a conspicuous feature,
being affected by the news of a favorable decision by the
Court of Appeals and the reported sale of $1,000,000 bonds.
But. after advancing from 5% to 6% it weakened and fell to
5%, subsequently recovering to 5%.
N. Y. & Cuba Mail
S.S. diopped from 29% to 28.
Standard Oil rose 4 points
to 530, then declined to 525%.
Waterbury Company com¬
mon sank from 44 to 42%.
Western Ice from 34% moved
down to 33 and to-day sold up to 35%.
Chicago Subway
advanced from 17% to 18, then dropped to 16%.
It
moved up again to 17%, easing off to-day to 17%.
Atchison
“rights” were traded in between % and 7-16. American
Writing Paper preferred soldat 23 against 22 last week.
Outside quotations will be found on page 1046.
few
I
*
*
New York Stock
Exchange—Stock Record, Daily, Weekly and Yearly
Saturday
Monday,
April 27
April29
94*8 95%
* 9612
97*4
1041* 104*2
9814 98*4
89iS 89i«
5914
69
* 90
*110
128
*
90
*185
193
128 * 90
139*4 *110
*....
84*4
1775s
63*4
*
HI4
73
76
5214
1514
52*4
*
1118
1112
73
76
5214
5278
176*4 177*8
*6212 64
*185
195
Do
pref
96*4
Atlantic Coast Line RR
103*2 104
99*2 10078 T)alt 1 more A Ohio.
II
Do
89
pref
89
pref_.
60*8 62*8 Brooklyn Rapid Transit.
* 90
Buffalo Rochester A Pitts.
120
Do pref
*110
139*2
*—
84»4 Buffalo A Susaue, pref
177*8 178*2
anada Southern
*62
63
Central of New Jersey
*185
195
42
4212 Chesapeake A Ohio
* 14
16*2 Chicago A Alton RR
95
195
42
16
68
41% 42
15*4 15*4
11*2
11*4
IPS
11*4
73
75
73
75
*
5378
1678
1 38
*
*_.—
11*8
IPs
73
75
♦
51*8
51*4
62*8 62*8 * 51*4
16*2
16*4 16*2
136 138*4 13534
159
♦156
160
1195s 120*2 ♦118
137*2 138*4 137
152
152*8 153
*
73
87
•.
_
11.840
95
135
83
Mchl4
Jan 4
155
Mch23
Mchl4
Mch25
60
165
Feb Id
59
115
135
8534
195*2
65*2
219*2
1.500
Apr 25
51*4
15*4 Apr 27
3.200
4% pref "B”
1678 17%
16
I6I4
16*4 17*8
1221*
16*2
Mch26
85.342
137*4 13884 Chicago Mllw & St Paul
134% 135*4 13578 136*4 137 13S%
Mch25
1.025 145
* 157*2 160
Do pref
159
158
158
159*2
158
157
157
Mch26
2.455 112
Do com ctfs 10% paid..
120
US-*!
11834
120
* 11
120*4
H9I4H9I4
Mch2G
S*2 120
Do pref ctfs 10 % paid— 11.396 129
138*8
139*2
138*2
137
139*4
136*8
136*4
136
136
8.938 137*2 Mch25
154*2 153% 154% Chlcago A North Western..
154
153*4
152
151*2
200
Apr 4
*‘151*2 152
Do pref
*210 220
*210 220
*210 220
*212 220
*212 220
*200
220
120
Mch25
262
135*4 135*4 *135 140 Chic St P Minn & Omaha.
140
$137 137
*135
140
*135
140
*135
160
Jan
18
Do pref
*150
ISO
*150
ISO
*150
180
180
♦150
*150
180
180
*150
5
Mch 28
160
*
*
Transfer.
6
Chicago
Terminal
*
6*2
6*2
6*2
*
6
6*2
5
6*2
5
6!2
61
9
Mch27
§
5
2,000
Do pref
15
20
15
15
15
15
14*2 14*2
16l2
15
4
Mch 14
161* * 15
2.200
*
4*4
478 Chicago Union Traction
4*4
4*4
4*8
4*4
4*8
4*8
4*8
4*8
4%
4*4
2.400
11*2 Mchl4
Do pref
15*2
16
1578
* 14
15*4
15
15*2 16
16
15*2
Mch26
63
15% 15*2
1.400
Cl eve Cln Chic & St L
73
72*4 72*8 * 71
72
72
72*2
72*8
717s 7178
71
106
Feb 21
72%
Do pref
♦101
109
*101
109
*105
109
*105
109
*105
110
*105
109
9.400
22i2 Mch25
Colorado & Southern
25
25*2
25*8
25*2
25
25*2
25*2
25*4
57*2 Apr 22
26*4 26*8 * 251a 2612
1,300
*
Do 1st preferred
60
60
6984 60*2
60
60
60.
60
581a 69%
60
44
Mch25
60
2.600
Do 2d preferred
* 46*2
48
4684 47
467s
47*2
47*4
47
47*4
47%
167
Mch25
47*8 47*8
3.325
189
190
189
190*4
189
187
190
188
189
445
Mch26
185 1867s *185
elaware Lack A Western
471
*470
*470
471
*470
473
*470
473
*460
475
*460 476
28*2 Mchl4
8.100
29
29*2 Denver A Rio Grande
28*2 29*4
283.J 2 834
20
2812 2914 * 29*4 29*s * 29*4 29*4
697s Mch25
Do pref
* 74
76*2
76*2 * 74
74
$
765s
7658
76*2
* 75
75
76%
77
130
65*4 Mch 15
* 70
Detroit United—:
74
* 70
71
71
72
* 70
§
71*4
71*4
* 71
7212
100
934 Mch 14
7212
* 12*2
* 121 o
14*2 * 12*2 14*2 Duluth So Shore A Atlantic
14
*
14*2 * 12*2 14*2
14
20
Mch 11
100
1212 141*
* 2384
Do pref
25
25
* 23
23*2 23*2 * 21
* 23
247a * 23 “ 2478
25
2178
Mch27
13.300
24
25
25*4
2478
24*8
24*8
24
24*8 2434
24U
513g Apr 15
23*.i 24%
3.350
Do
1st pref
66
6684
65*1
56**
5534
6558
56*2
55*4
66*4 56l2
700
34«4 Mch25
55*4 5614
Do
2d pref.
89
89
39
39*|
* 38
39
39
39
39*4
39
3812 38*2
Evansville A Terre Haute..
65
70
* 65
70
* 05
* 65
70 * 65
70
70
* 65
90
70
Apr 4
Do pref
* 88
93
88
* 88
95
* 88
93
* 88
93
93
88
93
Mch25
41.335 126
Great Northern pref
1373s
138*2
135*4
138
136
137*4
136*4 137*8 137U .38*2
50
Mch26
10.300
135*8 136
62
63
Temp ctfs for ore prop —
60*8
62*4
62
61
61*4
60*2
61*8 62
6112 6112
Green Bay A W, deb ctf A.
8
12
Mch 9
Do
deb ctf B.
*
*
10
9*4
0*4
9*4
30
10
9*4
Apr 23
50
_
Delaware A Hudson
28
*
*
77
*
148
*
85*14
8312
148
77
*
77
83*2 85*2
*
83*2 85*2
83*2 85*4
♦145
14778
18*8 I8*a
367s 3678
76*4
25*2
60
60*4
*
80
25*4 2 534
*
20
*
65
52
*
139
*
94
99
*
2112 22
48
4934
*
82
*102
*132
*
*
131
54
21*2 23
118 118*8
42l2
*100
*
77
*170
42**
115
85
180
37~8 377s
76*4
76
* 80
70
60
85
*
21** 22
93
*100
126
* 70
*
03
ior
10:
126*8
71
100
82
*105
135
37
*
21*2 21*8
*
*
76
179
*
85
179
377s 38*4
76*4 78
*
80
*
95
*100
70
93
*
*
71
100
21%
*
85
125
26*4
82
*
29*2 29*2
54
54*4
*
*
*
85
7S*4
SI
85
72
93
100
112*8 114
83
84*2
83
81
217s
48*2
63
35
21
50
85*2
117
118
*
OS
29*8
*110
* 26
30
5334
54*8
93
100
111*4 113*4
84*2 84*2
* 817s
82*2
21*4 221s
223s
50
51
*
48
67
*
63*4 67
34*4 35
24
60
20
05
36*4
22*4
*
57
84*4
86*4
117
*116
20
57
85*4
1 IS
21*4 22
67*2 67*2
29
29
115*4 115*4
125
26*4
*
30
*
5378
20
50
26
29
27
63*2
637s
Banks.
Chemical
Citizens’ Ctrl
City
Coal & Iron.
Ask
New York.
Aetna
America II.
Anier Kxch.
.
Battery Park
H
Butch’sADr
Centuryli—.
Chase
225
525
245
130
330
215
505
235
120
320
160
190
-
300
.
Chatham
Chels’aExc 11
—
Colonial!'—
Columbia H.
Commerce..
....
200
♦
-
-
-
350
320
....
*
85
179
81
85
133»4 136*2
116*2 117*2
* 98*2
99*2
*
3,065
ansas
603s
24
70
55
3.600
Do
pref
T ake Erie A Western
Lj
Do pref
anhattan
Elevated.
irLetropolltan Street..
Mexican Central
50*4 503s Minneapolis A St Louis
* 82
Do pref
90
105
10534 Minn St P A S S Marie
Do
pref
*133
135*2
37
37*2 Mo Kansas A Texas
Do pref
$ 66
60
76*s 76*2 Missouri Pacific
2.100
—
500
600
102
92
Nash
Chatt
St Louispref.
at of
non-cum
Mex, A
102
102
119
100
1.070
15.595
110.425
5.300
400
Pacific
Co
Do Coast
1st pref
30*4
Consolidat’d
Copper ....
Corn Kxch 1!
Discount 1!_
Fast River.
Fidelity 11-
TRUST
AND
Bid
Banks.
Ask
375
400
137*2
147*2
24S
235
700
500
169
155
220
290
150
150
195
255
245
-
-
-
•
525
176
160
305
160
160
205
on
.
GermanAml
German Exl
Germania 11.
Greenwich 1]
Hamilton 11.
Hanover
Jan
39% Jan
80
J’ne
198
Jan
Nov
202
Jan
3% May
11% J'ly
89 Dec
110
J’ly
29*2 Jan
66*1 Apr
43734 May
86*8 May
32
5
7
Jan
7
7?4dST
62*2 Apr
Jan
3
4
7034 Dec
8H2 Nov
H34Oct
33*8 Jan
77*4 Jan
80
92*2 Nov
33*8 J’ne
703a J’ly
24
J'ly
43
j’ly
7
227s J’ly
49
J’ly
27*t J’ly
3034 Jan
5
6134Jan 8
28*2 Jan 12
146
107
Feb 13
59
90
5
Jan 15
Jan 24
140*4 Jan
3
Jan
3
168
Jan
8
59% Jan
9
27
80
Mch 14
114*4 Mch25
110
Mch 26
90
Mch 15
Sep
90
134
Apr
Dec
163*2 Apr
29
May
64*4 Apr
85*2 May
44*8 Mch 1
72% Jan 4
92*4 Jan 5
147
140
103
J’ly
lS3g May
58*2 Dec
Jan 23
27*8 Jan
133
36
May
Apr
18*4 J'ne
Feb 14
Nov
Mch
Apr
May
13434 Jan 10
63*2 Jan 7
110 Jan 16
9134 Jan 7
1S9
Jan 9
48% Jan 5
92*4 Jan 5
90i2 Jan 10
189*2 Jan 7
134
Feb 13
124*sJan 7
126
59
111
80
Mch 8
141% Jan 8
105*2 Jan
122*2 J'ly
125
78
Jan
22]
105*2 Jan 5|
7
ISO's Jan
Jan 71
94
Jan 8j
30*8 Jan 5
64*2 Jan 5
7J
Jan 11
4S%Jan 5
25*2 Jan 7
92
62*2 Feb 15
96*4 Jan 14
118*s Jan 14;
Jan
94*-Jan
37's Jan
123 Jan
5[
Jan
7j
34
29
45
5’
7t,
189*2 Dec
4334 May
84
Feb
89*2 Apr
179*4 May
83
94
348
85
100
112
89
90
22**
Aug
9734 May
53
993s J’ne
184*2 J’ne
553s May
873s May
3434 Jan
6334 Jan
84*2 Feb
37*8
Jan
71
Jan
44% Jan
$92*2 Jan
8184 Jan
156% Jan
33% Jan 5]
547s Apr 12i
162 "Jan
127 Jan
29*» Dec
84*4 Jan
100% Jan
Mch
164
1S334 Jan
43% Nov
76
Nov
10634 Jan
149% Jan
59*4 Dec
30
Dec
156*4 Jan
731* Apr
120% Jan
92
Dec
204% Jan
57*4 Jan
97% Oct
Jan
96
232*2 Feb
142
106
135
S7
May 109
May- xl64
96
Sep
Apr
102
32%
6934
72%
51*4
Feb
60
401* J’ly
Jan
May
Jau
Aug
Jan
Jan
Jan
NovAug
Apr
Feb*
27% Jan
20*2 May
4S% \Iay61
May116
J’ly
31% Nov-
63% S*. p
97*2 Sep
120% J no
J an
103 J an
40*8 Oct
42%
93** Dee
28
May
Nov
J’ne
147*2 Jan
J'ly
60 ' J’ly
8ji 121
Aug
Feb
Dec
92*2 Jan
23*2 Jan
May
75
Jan
76% Jan
76 Jan
Jan
Jan
103
105
Jan
507g Jan
61*4 Oct
136*4 May
5
Feb
227| Jan
Sep
75
67*2 Apr 26
67*2 Jan 9
5l7t Jan
91*2 Jan
102
Oct
77
Jan 10
145** Jan
May
164
7
4
Oct
73% Feb
69
Dec
23434 Nov
560
May
Deo
J’ly
Dec
68
80
C178
Mch 6
Jan 5
Jan 3
Jan 23
Jan
41
J’ly
Apr
4
5
118
Oct
Jan
86*2 Jan
109% Jan
797j Dec
14*2 Jan 17
Mch 26:
Mch 14
Mch 22
May
May
43
189
92
Apr 5
18934 Jan 2
Mch 14
Deo
44*4 Jan
75% Jan
75*4 Jan
287s Jan
51 Jan
18*4 Jan
42*4 Jan
13*4 Feb
47*2 Mch
934 Apr
25
16
114
94
172
39
Jan
Mch
175
80*8 Jan 16
19*2 Jan 6
47
240
270
168
19
Jan
Aug
Apr
Aug
83
85
199% Dec
218
*139% Jan
36 Jan
40* •'Jan
59% Jan
25*4 Dec
25*4 j’ly 1
43
J’ly!
COMPANIES—BROKERS’ QUOTATIONS.
Bid
3900
340
625
225
190
350
500
145
420
500
285
250
tsoo
Ask
4200
640
300
365
525
-
-
-
-
-
-
-
-
295
-
-
Ask
Banks.
Bid
Ask
Imp A Trad
Interboro II.
living N Ex
565
160
200
220
510
Metropolis T
Metropolis*
Mt Morrtsli.
Mutual 1?
Nassau 11...
390
165
240
Pacific
172*2 Park
Liberty
Lincoln
Manhattan H
Market A Fill
Mechanics’
NlechATra 1i
Mercantile-.
Merch Exch
Merchants’
....
155
-
Bid
550
150
185
200
500
1100
300
255
235
167
T235
170
JeffersonU—
200
-
....
Banks.
Banks.
.
.
310
265
245
173
shares,
190
165
«.
-
People’s U-.
Phenix
300
....
11
200
Plaza
210
Prod Exch
30*5
400
410
Seaboard...
Second
State 11---.34th Street.
12th Ward 1!
23d Wat dll.
INlght A Day
il9th Ward 1!
350
Anier
265
275
17-2
265
182
275
’Northern
'Oriental 1?..
1
Riverside H.
....
'
BUi
11— 230
-
195
New Amster
New York Co 1200
New York.. 290
'North
157%
this day.
t Ex-rights, i Less than 100
c Ex beneficial Interest In ore properties,
•
Bid and asked prices: no sales were made
week,
t Sale at Stock Exchange or at auction this
201*1 Deo
7078 Jan
239% Ma|
65*s Au*
35«s Oot
77% Oct
23% Jan
86*2 Jan
192
225
8375 Jan 10
67
Mch25
Mch28
Mch 14
April
Mch26
Mch26
Texas A Pacific
14
15
10
10
8
Jan 11
39
2
"
Jan
Jan
Jan
Jan
Jan
Jan
Jan 24
42% Jan 7
13
Mch25
Reading
J’ne
79*2 Sep
510
Mch
Do
2
Feb 26
6*4 Apr 3
19% Jan 9
92% Jan 7
108*2 Jan 7
3S7e Jan 9
69*2 Jan 7
58*2 Jan 8
227*2 Jan 2
95
Moll 20
2d pref
9S*2 103
114
Mch 14
127
128% xl24% 1258s Pennsylvania
67
Mch 26
* 70
Plttsb Cln Chic A St L
70*8 72
72
Mch IS
93*2
Do pref
* 90
100 * 90 100
91
Mch U
676.900
111
113*4 11234 U4*s
84
Mch 26
800
1st pref
S4*2 84*2
84*2 84*2
83
Mch 16
2d pref
* 81‘s
81
82*3
8212
177s Mch26
9 .070
22
22% Rock Island Company
2P4 22*4
200
40%
\lch26
Do pref
50
49*2 60*2
50
59
Mch 18
67
St L A San Fr. 1st pref
* 63
63
67
29
Mch 25
Y.ioo
Do
2d pref
3 51*4
35
34*4 34%
Mch 19
13
1.000
St Louis Southwestern...
21
* 19*2
21
21*2
1.500
45*4 Mch25
Do pref
55
56*4
55
54
153.770
69% Mch 14
SG% 8734 Southern Pacific Co
84*2 87*4
Mch26
457 112
Do pref
1 IS
118
118
118
5.200
1934 Mch25
21*-* 22*4
1*2 22*4 Southern v tr cfs stamped..
63
Apr 15;
2.395
Do pref
do
66% 67
66'a 67*2
3.200
2434 MchSS
29
29
29*4 20*4
101
Mch 14
110
hlrd Avenue (N. Y.)
115 *115 120
§115
24
Mch2S
100
*
Toledo Railways A Light—
25*2 27
20
26
1.106
2334 Mch26
Tol St L A W v tr ctfs
30
30
2984 30
45
Mch 8
2.220
Do pref vot tr ctfs
53*4 53 7s
53*2 53%
*
Dec
70
16
Jan
25
4334 Mch 23
203s Mch26
111*2 Mch 14
35*s Mch23
109
Mch25
70
Mch26
173*4 Mch27
34*2 Mch'25
71
Mch 14
14.217
1.500
136*8 137*2 Northern Pacific
Do
subscrip rects..
117*2 118*2
*
98*2 99*2
92
99
59
64
3.760
600
65*8 J’ne
May
51*2 Nov
25*8 Sep
934 Feb 21
Mch26
Apr
5
Jan
165
30*4 Mch 26
8.400
1,000
Do 2d pref
N Y Central A Hudson
N
Y Clilc A St Louis
43*2
Do
1st pref
115
Do
2d pref
77
85
N Y N Haven A Hartford..
*173
179
38*2 3S*2 N Y Ontario A Western....
78
79*4 Norfolk A Western
Do
adjustment pref
81
85
*
129
90
15
48
86
97
123
500
21»4 22
135
54
108
1,250
2.668
Louisville A Nashville
120
140
99
55
52
300
Long Island
*nSl’4 119*8
3778 3778
77*2 78*2
*
A M,Southern....
tr cts pref—
KC Ft SCity
26
5
69
18
79
234
170
23*« Mch25
52
Mch25
18 Mch 14
30*8 Mch 2 5
74
Mch 20
18
Mch 14
45
Mch25
19*4 Mch 18
3.150
3.900
1.800
2.000
...
204
5
141
149
205
Apr
*
22*4
67*s 07*2
29*4 B9%
125
25*2 27
29*2 30
Bid
Banks.
7634 80
*
120
140
* 94
Illinois
Central
nterboro-Metropolitan
134
200
Do pref
19*8 Iowa Central
Do pref
38*2
*
*
90
*
126*4 127%
70*8 70*8
22
2214
103
102
BANKS
Bowery
09
22
77
*173
85
179
38
77*4
95
99
*
70
63
54*4
85
1267a 128
35*4 35*4
21
22*4
55*8 67
85
85*4
*117
22
68
29
*110
*
102
99*2 102
83
22
81
55*2
*115
* 26
*
95
111*2 112*8
84*4 84*4
*
55*2
67*4
29%
4934 50*4
134*2 136*4
117*2 118*2 *116*21IS
*
99
99
99*2
99*4
*
22
22
*
135*2 137*4
*
63
116*4
21*4 22
49*4 50
77
*173
38
38*2
80
103
126*4 127*8
*
S37s
$116*4
21*4
67*4
28%
99
*
7734 78*4
*
67
37
22
35
94
22
*
148
Jan 14
Jan 2
Deo
Feb
150
87
Dec
7134 Feb 14
247s Nov
26*8 Jan 5
157*2 Jan 14 1146*2 Dec
185*2 Jan 5 1160 Dec
1
753s Mch28
83*2 Mch28
72
Hocking Valley tr recta....
83
83*2 85*2 Hocking Valley, pref
54*2
120*4 120*4
140
140
94
22
Havana
Do Electric
pref
77
19
37
*
99
85
180
38
103
48*2 50*2
*
62
45
77
2584 26%
61*2 62*8
*
*
85
109
77
*
85
*
*
20
66
13978 140*2
50*8
* 173
*
50
43
62
6978
24
70
60
*118*4
85
83
80
25
60
25
70
60
76
25
25
*145
3678 3678
37
80
*
82
*103
135*4 135
*
59*8
18*8
*
*
147
26*2 25*2
59*4 61*2
18*2 19
25*2
119*4 120
139*2
139
94
22
85*2
*
107 *104 106
134*4 134*4
135
*130 136
3684 37*4
36*2 37
37*4
36*4 3678
66*2
66
66*4 * 66
66
66
65*4 66
76*4 76%
76
76*4
76
76*4 767s
76*2
131
131*2 *128
♦128
*128
135
135
135
*125
* 52
* 52
54
* 52
54
* 53*4
54 * 53*2 54
*
21l2 23 ♦ 21*2 23*2 * 21*2 23
119*2
118
118*4 118*4 119*4 118*4 119*4
4278 42% * 42
* 42
42
4278
»
44
4278 427s
♦109
*108
115
*108
115
*108
112
♦108 115
*
*
110*8 111*4
83
81
70
54
83*2
25*4 251i
59*8 60*4
.* 20
* 65
* 63
24
48*4
48
85
107
132*4 133*2 133*s 13538
110*2116*2 *116*2118
*
*
98*4 100
9S*2 99*2
*
76
77
*
♦145
148
25
593*
18*8
36*2
120*8 1201*
137
99
48
* 82
*103
36l4 36*4
65*4 65*4
75*8 75*8
*
24
137
* 94
92
107
137
130
* 52
20
65
53
20
65
54
120*2 12012
119*4119*4
$139
25*2 25*8 *
60
60*4
15*2 18*8
36*2 37 *
76*2 80 *
25*2 2578
60
60*8#
60
"
60
*145
147
147
*
45
77
83
*_--*....
43
77
83
*
I8I4 18*8
36% 36%
60
24
70
60
78
*
25*4 2578
60
*
*
25*4 25*4
76
43
77
*
*77
5912 60
*
43
77
*....
43
77
139*2 Nov
83 Jan
1553* May
70
Erie....
*
Oct
J’ly
Nov
Jan 26
Jan 4
Feb 8
Jan 4
Jan
106
16778 Jan
125*8 Sep
99*2 Jan
94*s Jan
153*2 Sep
105*4 May
91
71
124
Jan
110%Sep
85*g May
5
27*2 Jan
56
Highest.
298 Dec
131*8 J’ly
94*j Jan 10
83*8 Jan 7
Mch 19
IOI2 Apr 25
75
Apr 24
6,200
Jan
122
36% Mch25
1434 Mch 7
13.225
300
Lowest.
108*4 Jan 7
101% Jan 12
133*8 Jan 6
Mch25
45*4 Mchl4
4 % debentures
5 % pref “A”
Do
Do
Do
75
53
Mch25
Mch26
90*8 Mch25
33.080
pref
II84 Chicago Great Western....
11*2
92
94
Do
58
55
82*8 Mchl4
78.450
1,118
1,700
22,769
446
Canadian Pacific
42
16
58
*
99*8
89*2
59*2
Railroads.
A tch Topeka A Santa Fe__
95*4 967s
*
*185
42*2
1434 16*2
42*8
*
105
59
69*8
* 90
128
128
*110
13912
139*2
84*4 *— 84*4
176*2 177*4
62*i 64
*
195
*185
195
58
*._._
58
*..__
11
176*4 177*2
62*4 64
*
41*4 4214
41% 41*4
14*4 16*2 *1434 16l2
*
69
* 90
128
*110
139*2
59*8 60*8
59U 60
*
90
89
95*2
9578
Range for Previous
Year (1906).
Sales o/
Range for Year 1907
On basis of 100-share lots
the
Week
Lowest.
Highest.
Shares
EXCHANGE
Friday
May 3
Thursday
May 2
943s
94*8 9578
95%
95*8 96
*103
103*2104
98*4
99*4 9978
89*2
89*2 89*2
99*2 100
99*8
90
139% *110
*....
84*4 *—
17612
I75I4 176
* 62
6312 * 6212
*185
May 1
96lS 96*8
10412 10478
105
104
99
88
Wednesday
9512 9078
9512 96i4
9612 9678
*
Tuesday
April 30
PAGES
STOCKS
NEW YORK STOCK
PRICES.
STOCKS—HIGHEST AND LOWEST SALE
TWO
OCCUPYING
Ask
250
440
300
465
155
570
160
250
165
280
350
0.0
700
350
220
—
-
-
-
.
175
....
450
190
.HLU
and rights,
h
1! State banks,
a Fx dividend
1st lnstal’mt paid,
n Sold at private sale at
this price
**
riew York Stock
1038
Record—Concluded—Page 2
STOCKS—HIGHEST AND LOWEST SALE PRICES.
Saturday
April 27
♦
Monday,
April 29
Tuesday
April 30
•
97
§ 98
98
1441* 148
141*4 144
* 86
*
88
86
88
* 30U
* 37
38
38
*
* 56
55
58
60
*
14
141*
14
14
*
26
26l2 * 25*4 261*
*
*
12
13
1H2 121*
* 24
26
25
25
*
*
15
10
15
16
*
17
171* * 17
171*
* 40
421*
40'4 40>4
9512
♦280
*
•
300
*280
12l2
121*
32
36
*
92*4
93*4
*
19
*
75
21
90
*
*
1512
17
§
*
6
55
82
61*
57
*
*
*
*
3734
98i2
30ig
*
*
3784
92
220
6
4*4
5
*
*
*
*
*
2012 22
7534 7534
1212 15
2534 29
62U 6214
*105
*
5
*
*
43
28
96
’*
I
125
13
43
*132
*
9458
95*8
20
90
17
82
61*
19
75
20
90
6
55
1934
5612
*
*
6
56
*
3734 377s
9812 100
3018 3018
*
*
20
76
*
75
123s
123g
*
25
30
1212
110
240
100
*195
* 90
*
8
* 37
Sl«
40
12514
240
100
Sl2
40
125*4 1257g
127
125
*122
*120
127
125
*
125
13
125
13
40
43
30
97
42
29
96
97
36
35*8 3614
26l2 2712
27
27*8
13218 133
1341*
19*8 20U
19*4
78
78
7012
7012
•
•
150
87
*136
* 85
149
*127
14712 148*4
♦127
7412
*
HI4
*
74
43
*
59
30
*
28
•
*
•
*
781*
69
921*
3OI4
9534
6338
*115
11
70U
14
73
43
28
*
296
40
*280
19
75
151*
135
141*
7412
150
89
149
135
14l2 14l2
7312 75
*
*
30
81
70
19*4
7814
70l2
43
28
*
507g
137ft
Twin City
*
*
14
*
17l2
*
300
40
11*4
1178
*
33
*
9558 971*
10l2 191*
20
90
161*
82
*
90
75
*
1512
17
*
82
3OI4
30*8
92
220
37l2
3S
99
99
3OI4
3012
*
*
82
92
*200 220
6
6
612
*
5
4*4
5
4*4
21
75
14
27
21
6318
C378
*
27
64
514
*
9974
3OI4
99*4
*
4*4
12l2
27
64
*109
*
5
25
*
29
92
*
8912
301*
90
220
5*4
134*4 13578
10918
108*4 109
55*s
38*4
*
514
26
891*
*
55
38
2H*
74
35
64
no
no
6*4
*
61*
5
2H2
74
1212
35
.
42
6412
111
7
30
92
135U1367ft
109
*195
Do
"'‘I06
400
300
100
352,845
Amer Agricultural Chemical
300
Do pref
American Beet Sugar
225
Do
pref
American Can
545
Do pref
2,995
American Car & Foundry..
6,810
Do pref
400
American Cotton Oil
800
Do pref
100
American Express
American Grass Twine
525
American Hide & Leather._
Do pref
”600
American Ice Securities
500
American Linseed
330
Do pref
110
American Locomotive
2,840
Do pref
300
American Malt Corp
120
Do pref
Amer Smelters Sec pref B._
Amer Smelting & Refining. 175,360
Do pref
1,173
25
100
25
2.785
,
200
2.301
550
575
73,572
200
’"’270
(Central Leather
30
81
70
14U
15
*
74
43
27
78
70
75
*
*
*
21
81
HI4
7412
43
27
78
15
75
14*8
*
*
30
80
*
74
43
27
78
71
1458
GOO
200
9,820
2.300
3,275
987
1,360
6.300
3,200
35
300
200
International Power
Intemat Steam Pump
30
85
96
Mch25
91* Mch 4
Mch 14
Mch 14
Mch 14
511* Jan
78l2 Mch26
Mch 2 5
Mch 5
514 Mch 14
75
48l4 Mch26
Mch25
921* Mch25
27
Mch25
88
Mch 13
200
Mch 25
5i8 Mch 13
4i4 Mch 5
20
Mch 13
72
Apr 22
12
Apr 25
25
Apr 25
5534 Mch25
Mch25
514 May 2
2978 Mch27
86
Mch25
101
7i8 Mch26
34
Mch 14
H478 Mch 14
122
Mch 5
H8l2 Mch25
86l2 Mch25
Mch26
94*4 May 3
$53 Mch 14
Mch 19
Mch 15
Mch 8
Mch26
Mch26
Mchi4
Mch 5
Mch 15
17^ Mch 2 6
7712 Apr 25
62
80
Mch2G
Apr 19
Mch 15
H36l2Mchi4
120
Mch28
13
Mch26
73
40
25
Apr
90
Dec
201* May
Jan
Jan
Apr
Jan 7
10278 Jan 6
30234 Feb 16
36i2
May 1
14i*Jan
4
Jan 3
Feb 15
Feb 8
577ft Jan 8
28*ft Apr 5
140i4 Mch 1
2434 Jan 22
4918
40
102
Jan
1
Mch 14
Mch 25
Feb
Jan
Jan
Jan
Feb
_
28
13
16
14
22
13
3234 J’ly
9812 J’ly
471* Jan
105 Jan
May
Dec
4414 Jan
35
Aug
1134 Jan
10' Jan
43
Jan
947ft
29I4
6378
78i2
12014
Dec
5334 May
1081* Dec
92i4 Dec
138i2 May
J’ly
Jan
Jan
Jan
Jan
Dec
934 Nov
15U
40
May
6314
127l2 May 167
140
128*2 Dec
130
J’ly 1445ft
96
J’ly 109
Nov
28
101
J’ly
22312 May
10512 Nov
1314 J’ly
40
Apr
3334 Dec
9834 Dec
40i8 May
17
May
1305ft Apr
I8I4 J’ly
7412 May
Jan
51
138 Jan
91
J’ly
xl56 Dec
15
Dec
Sep
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
48
1103ft Jan
300
178
Feb
Jan
2134 Apr
70
May
497ft Jan
107i2 Jan
835s Jan
30i4 Nov
18134 Jan
28
Apr
8534 Apr
7458 Sep
Jan
199
11278 Jan
Oct
184
16i2 Sep
80
48
28
Sep
Jan
Jan
Jan
Jan
10134 Jan
174
130
220
107
Dec
112
200
100
Jan
95
272
3514 Jan
1634 Dec
lgi2 Jan 7
Feb 11
Jau
89i2 Jan
51* Nov
Nov’
24
81
5034
Jan
Jan
35
Apr
77ft May
7
7
18
6
Feb
Jan
102
215
7
Aug
Jan
Jail
8278 Oct
28
90
1034 Jan 5
471, Jan 7
1371* Feb 13
131
Jan 2
133
Jan 4
9S34 Jan 5
88
78
163
97
163
152
481* Feb
291* Feb
33
Jan
64
Jan
J’no- §300
J’ly
273ft
40
67
Sep
923S J’ly
II8I4
20
J’ly
34i8
Jan
Jan
125
2134 Feb
May
May 1 §240
16
Jan 5
93igJan
1155
100 Mch25 1173ft
1971, Jan 11 205
§95 Apr 1 § 100
108
11
41
25
89
29
20
110
7
7i2 Apr ll
60i2 Apr 10
4514 Jan 14
103
Jan 12
3378 Feb 19
90
Jan 21
247 Jan 5
8*4 Jan 11
6i4Jan 16
30i2 Jan 7
88 Jan 2
1914 Jan 10
36
Jan 7
7534 Feb 15
HU2.Jan 21
§7i2 Apr 2
Feb 21
40
31
931* Jan
26l2 Jan
635« Feb
2Ui Oct
23
May
44
J’ly
3
12178 Jan 5
25*s J an 8
95
Feb 20
23i2 Jan 7
80
Jan 21
90l2 Mch 20
14l2 Mch 14
24
36
„
21*4 Jail 10
257s Jan 12
Mch 14 §296
Mch 14
167ft
Mch 14
4334
IO4I4MCI125
7
v dir st.
12214 Jan
195*s Sep
9914 Jan
98 Jan
UlU May
50
Apr.
55
Apr
18
Dec
361* Dec
16
Apr
181* Jan
38i2 Jan
16*4 Jan
37*4 Jan
H
Dec
138l2 May
May 2
Jan
7Uft Jail
22*8 Mch 14
19
1U2
v
5
62
2U2 Mch25
14
16
36
L >west.
losi«Jan
183
Jan
44
Mch27
121* Mch 14
137
200
International
Do
pref .Paper
75
...
27
52 §280
800
10
300!
25
pref
1091* 1091*
*195 240
240
*195
240
American Snuff
* 90
*
100
§ 100 100
90
Do pref
100
,
*
8
8
*8
8
8I4
8I4 American Steel Foundries..
* 37
* 37
40
40
Do
§ 40
40
pref
125
125l8 *12412 1251* 125l2 126
American Sugar Refining—
*122
*122
127
127
*122
127
Do pref
*12212126- 122 1231* *122*4 125 American Teleph & Teleg..
92
93
9212 § 93
927ft 93 American Tobacco (new), pf
2934 30 * 29*4 30 * 29*4 30 American Woolen
* 94
96
Do pref
95*4 * 94
94*4 9478
6 334 65
6278 64l4
6312 641*
dAnaconda Copper..Par$25
12412 125 *118 125 *118 125
Brooklyn Union Gas
* 11
*
13
13
Brunswick Dock & C Impt
10l2 1234 * 11
* 40
*
43
45
41
44
§ 44
Butterick Co
* 29
30
29
29*4 * 29
2934
* 96
* 96
J
97
97
97
Do
97
pref._
35l2 3512
3512 36l4
3614 37 Colorado Fuel & Iron
27U 2712
2634 2714
26*4 27 Col A Hock Coal A Iron
133
13514 13314 13314 134 134*4 Consolidated Gas (N. Y.)_.
1934 20 § 193*} 193ft
19*4 20 Corn Products Refining....
77*8 7758
Do pref
7778 7778
7712 7712
7014 7014
70i4 705ft
7012 7H2 Distillers’ Securities Corp__
*136
150
*136
150
*136
Federal Mining A Smelting.
150
*
Do pref
8512 89 * 8512 87 * 85
88I4
148
1 4834
1471* 148U 148
14812 General Electric
S12712 130 §130 130 *125 135 Granby Cons M S A P
*
87*4 Mch 14
120i4Mchl4
85*4 Apr 5
LXXXIV.
Ilannc lnr Previous
Year (1000).
/*/•
// i'/hi si.
Miscellaneous
Amalgamated-Copper
20
90
16
82
90
*200
2114 21I4
7434 7434
§ 1314 1314
75
14
35
&
96->ft 98U
d
551*
Lowest.
Union
Do Pacific
pref
Adams
Express
llis-Chahners
_
*
6*4
Rapid Transit
302
11
121*
301* 35
20
75
16
♦
Week
Shares
121* Wheeling A Lake Erie.'
29
Do
1st pref
Do
16
2d pref
19
Wisconsin Central
42
Do
pref
*280
Ranqc 1or Year l‘)07
basis 0/ 1 Ml -share
On
Wabash
20
11
25
*
the
1016690
3,102
36
Unit Rys Jnv’t of San Fran
700
Do pref..
5678
•
100
13r’ft
700
20
Do
pref..
1,710
30
30
6
55
82
*200
*
6
*
*
6
6I4
55
5518
371* .3734
981* 100
*
*
HU
110
10834 U0834 l0834
78
•
25
96
1487ft 1507ft
93'S 95
96
37
57
14
26
13
29
15
181*
411
15
181*
411*
*106
no
*
5
8
5l2
8
* 26
* 27
32
32
*
* 891*
91
92
89l2 92
1341*
13334 1351* 134 13638
7OI4
•
5
22
77
15
*
*
78
*127
5*4
27*2 2712
63*8 6334
70
*136
• 85
,*147
*
*
15*4
534
434
Sales of
EXCHANGE.
Industrial
§295
82
61*
56
76
*136
87
41
1534
92
220
*
251*
12
1812
111*
$ 78
150
88
149
135
15
14*8
1712
90
96
13*8
13
29
15
3OI4 31i4
94*8 9612
*
*132
*
14*4
2GI4
941*
89
33
50
*
11*2
612
612
434
5
2ll4 21U
96
36
14
251*
12
25
May 2
Friday
May 3
145*5 I5OI4
*
34
82
*200
110
8
32
36
57
11*2
*
92
220
2912 291*
*
20
*
35
50
31
92U
2934
951* 95l2 § 95*4
627g 63
6258
*
300
9434
75
17
♦
9212
29*4 29*4
29*4
134
*2S0
93-8
*115
11
42
97
300
171*
38
20
*
36
35i2
26*8 275S
*
62*4 63
29*4 3014
§ 96I4 96l4
62
6212
11
*
125S
109
6
32
91
*
*
16
26
13
28
16
181*
421*
35
*105
*5
* 26
.* 26
* 89
* 89
1331*
13178 133
*108
1091* *108
*195 240
*195
* 90
* 90
100
*
81 * 8
7*4
* 37
!* 37
40
12514 1251* 125
*122
127
*122
•120
125
*121
*
92
91l2 93
*115
12
251*
HI4
12s8
82
*200
§
57
*
*
9614
145*8 M7*i
88
8S12
38
*
Thursday
95
148*4
fc8
14!4
25-’s
*
Wednesday
May 1
95
31
*
6
95
147
88
37
*
50
3734 38
9912 991*
30ls 3018
9912
301*
82
*200
t
x
cTnr l^c
NEW YORK STOCK
[VOL.
26I4 Jan
Jan
Jan
90
x 95
100
41
Jan 7
60
May
Do pref
7412Mch26 81 Jan 14
92
79 Jan
May
7H2 Mackay Companies
1,200 i6212 Mch 15
7514 Jan 24
69I4 69I4
69U 691*
6914 6912
Do pref
69U
691*
x63
1,415
Mch
15
Jan
71
24
*
*
7612 7714 * 761* 7714
7612 7714 *
76*4 7714 VTatlonal Biscuit
62
75l2 Mch 14
86I4 Jan 15
May
79l2 Dec
lx
•1131211478 *11312 1147g *11312 11478 *11312 115 *113l2115 *113l2115
Do
pref
HI
Mch26 1173ft Mch 5 H3i2 Jan
1181* Oct
*
*
12
12
*
*
12
12
11*4 12U
1134 1214
Nat
1134
12l4
121*
Enameling
&
11*4
Stamplngi
400
Mch26
12
• 81
IOI4
1538
Jan
5
181* Jan
May
* 81
*
85
85
* 81
* 81
81
85
85
8212 8212
Do pref
85
100
79
Mch28
Feb
87
82
881* Mch
Sep
62
G2U
6212 625g
6212 63l8
6212
6278
National Lead
6318
6334
6312
66I4
49
28,033
Mch25
66
•
76i4 Jan
May
9538 Jan
99
99
98*4 99
99
99
99
99
Do
99l2 9912
99*4 9/*4
pref
Mch 15 103 Jan
98
1,600
IOOI4 J’ne IO6I4 Jan
19
19
18*4 187g
19
1914
1918 195a
1914 195ft
1912 1958 NewhouseMlnes&S Par$ 10. 10,800 $18l2 Apri5 $20*4 Apr
• 117
II9I4 117 11812 118l*11834 117 11834 118 II8I4 11834 119
New York Air Brake
1,600 100
Mch 25 14U2 Jan
• 721*
133
J’ly
16334 Jan
75
7412 7412
7412 7478
75
74*4 751 z * 75
75
North American Co., new..
7512
1,525
6914 Mch 14
•
8934 Jan
*
87l2 Nov 107 Jan
*
20I4 28l2
26
26
27
2534 26l2
28
28
28 * 26
26I4
720
411* Jan
21I2
Mch25
511* Jan
*
2834
J’ne
925g 92^8
92l4 93U
92*| 9258
93
9234 9234
92l4 93
93U
eople’s Gas-L & O (Chic).
1,900
85 Mch 14
88
• 1
98*8 Jan 4
J’ly 103 “Jan
*
*
l7g 13 * 1178 13
12
13
13
117S
1214
12l4
117ft
13
Pittsburgh
Coal
Co
100
n»8Apri3 167ft Jan 15
• 62
* 53
* 53
1314 May
* 53
I8i8 Nov
55
* 53
56
* 53
56
56
56
56
Do pref..'
49
Mch 15
60
J’ly
60*8 Jan 4
62i2 Jan
36
36
3.5*4 3534;
36
36
36
36
36l2 3612
37
37h Pressed Steel Car
3.175
30
Mch26
Jan
10
57
43
* 93
May
6458 Jan
|, 93*4 94
9312
93l2 9334 Z 93*8 93*ft
Do pref
9212 9212
9278 9278
690
86
Mch26
95
9978 Jan 24
May 105 Feb
•167
170
i 167*4 167*4 *165 170
*165
170
*165
170
165
167
Pullman Company
352
150
Mchi4
Dec
180
•
270
Nov
1811ft
Jan
8
*
*
*
*
4312 45
4312 441*
44*4 45
44*4 45
45 ' T) allway Steel Spring
4314 45 ♦44
39
Mch26
44
• 91
57i2 Jan 10
* 91
May
* 90
* 91
6234 Jan
95
95
95
94l2 * 90
9412
9412 9412 -tv Do pref
100
90
Mch23
Jan
107
99l2 Feb 15
973.1 J’ly
29
28
2S!2 28h
2 8*4
28*4 29*8
29U
2812 2834
287ft 29 Republic Iron A Steel
221* Mch26
2,720
Jan 41
22i4 May
41*4 Dec
85
85
84
8512 85i2
85*8 86
Do pref
8412 § 8434 84*4
85l2 86
1,421
78 “ Mch25 100
Jan
91
• 53
May
110i2 Jan
64
545* 55l2
55
56
55*4 55*4
5512
5514 5514
5614
2,200
42
Mch 14
681* J’ly
* 98
7734 Jan 7
100
*
97i2 Jan
100
♦ 95
99
99
95
100
95
100
100
Do pref
100
99
Apr
30 107
Jan
11
113
Apr
IO4I4
Oct
146
146l4 1461j 147I4 147 147*8 *143 1471*
Tenn Coal, Iron A RR
000 130
Mch26
162 Jan 4
129 Jan J166
Nov
39*| 39*8
39*g 39*8
39*8 311*8
41
3912 4012
4014 41
dTennessee Cooper.Par $25
41>4
3.200
S3478 Mch26 $531, Mch 1
* 73
*
74
74
75
74
75
75
75
*74 .79
75
79
Texas Pacific Lend Trust..
200
68
Meh20
85
Jan
17
60
88
Oct
May
6
6
0
534
612 * 5*4
6I4
0»4
200
51* £PF 13
51* Sep
* 63
Sift Jan 15
1514 Jan
* 55
A
Paper
’55’ 65
5412
57
57
58
54
58 I Union
Do Bag
pref
200
501ft Mch25
61.Jau 7
Oet
* 37
52
84 Jan
38
37U 3714
37*8 37*8
3712 3734
3712 37l2
37*8 371* U S Cast I Pipe & Foundr..
800
Jan
30i4 Mch25
53
49i2 Jan 5
4312 May
* 83
84
8414 8412
85
83
85
84*8 * 84
85
83
85
Do pref
400
74
Mch26
89
Jan 15
8314 Dec
907ft Jan
►105
* 95
110
95
105U105U rlOO 103
105
103
95
105
United States Express
400
100
Mch
5
109
► 70
* 70
§117 Jan 9
May 138l2 > Jan
* 70
* 70
75
73
70
73
73
73
70
U S Realty A Improvement
73
*
71*4 Apr 16
75
Aug
* 16
90i2Jan 4
04l2 Jan
13
20
* 18
20
18
20
18l2 18l2
20
17
20
U S Reduction A Refining.
”io6
131*
Mch25
Mch
*
*
24
30i4
Jan
28
* 52
40*8 J’ne
53
52
55
* 53
55
55
53
55
55
Do
547ft 5478
pref
100
68
Jan 7
Mch
* 42
84
* 42
437ft Mch 15
60
J’ne
* 42
43
43
43
4212 43
42l2 43
42*8 42*g United States Rubber
600
307ft Mch 26
521* Feb in
38
691* Oct
J’ly
*101
103
*101
103
§ 103*s 1031ft 10234 102*4 10278 1027ft 1027ft 10278
Do
1st pref
335
* 72
9912 Mch 25 1097ft Jan - xl0434 J’ly x 115 Jan
* 711*
73
7212
7214 72l4
72*ft 72*ft
72
72
Do 2d pref
72U 72l4
410
Mch 25
08
75
78ift Jan
May x87>2 Jan
37
37*8
37&s 38U
37l2 38i4
3718 377ft
38
37's 38l4
3812, United States Steel
207,735
311* Meh25
603ft Jan
325ft J’ly
5()l.i Oct
101
101l« IOC4 101*4 101*8 102
IOII4 101*4 IOC4 102U 10218 102*8
Do
pref
24,005
01U Mcli25 10734 Jan
•
*
9K34 J’ly
II.8J4 Jan
29 78 30
29l2 30
2912 30
2 912 30 I dUtah
29*8 29*8
29U 2912
Copper
.Par $10
1,313 $24 " Mcll 25 $39'* Mch
*
*
285s 281ft
28
27
* 27
27
2712 2812j
28
28
28
28 | Virginia-Carolina Chemical.
200
251* Mcll25
68
Jan
31
J’ly
39*ft Jan
1104*4 104U *103 10512 *103 1051* *103 10&i2 *103 1051* 104 104 |
Do pref.
130 101 “ Mch25 108
Jail
104
► 66
J’ly
1171* Jan
*
*
74 1* 65W 74
*
6SI4 74
68
70
68*4 73
73
71*4 Virginia Iron Coal A Coke..
500
Jan
55
Mch
25
97
22
38
93
I >re
May
►230 300
*230
300
*230
300
300
*230
*230
300
*230
300
Apr 12 290 Jau 26 233 Mrh 305 Oct
► 82*4
821* S3
8312' 82*4 83ls * 82*4 83
A Tele,graph.. 1,980 255
827ft 83'ft
estei nUnion
82*4 8278'
Jan
791,> Mcll o
791
10
x83*4 Dec
oj 85
941.1 Jan
>14312 144 j* J 431* 144
144
144*4 *143*4 H4I4 *1431* H5
:i44\< 144*8 Westlngh'ec El A Mfgassen.
300
Jan 2
143*4 Apr 25!
25 154
148
Aug
176
.Jan
►
180 '*143
165
*143
*143
165
165
Do
*14314 165 *1431* 165 I
1st pref
l§ 145 Apr 26i1145 Apr 26 162 Nov 188 Jan
7812 80
C914 70
69*8 69*8
,*- 76U 77
*
78l2
*
69
*
7212
*
7114 7112
69
6938
7612 7714
•
Pacific Mall
..
Sloss-Sheffield Steel A Iron
_
_
Wells Fargo
Co
....
BANKS
Banks.
fjnlon Kxc *
0 S hxeh*
Washli’hts*;
West Side*'.
yorkvllle
.
Hid
Ask
220
J22tv
225
600
400
240
Banks.
1321*
-
-
-
krooklyn
•
..
426
N Y City.
(Astor
iBankers* Tr
390
160
400
*318
{Nassau
1 260
305
|Nat <;ity
iNorth Side H 3.50
Prospect FkT 150
il’ermlnal
140
175
450
130
First
Home B’nk*
! Man u fact is'
^Mechanics’ 1
....
i
TRUST
{Trust Cos.’
Ask
Brooklyn.
.
Brooklyn.
borough T-Broad way*,'.
Did
AND
^
_
176
^
^
-
280
375
165
....
;Bowi’g Gr’n
{Broad way Ti
(Camcgle
’Columbia
..
{Commercial
lOoinmouw’l)
{ mplre
jl-kpiltableTr
jl-’ai
rn
LoAT
COMPANIES—BANKERS’
Did
Ask.
300
490
480
5L0
450
160
160
220
1 860
240
20.50
220
215
280
225
_
^
_
835
_
^
.
----
145
350
136
1300
Trust Co’s.
Did
Fifth Av Tr.
Fulton
300
Guaranty Tr
4M)
-
-
-
Guardian Tr 240
Hudson
95
Knlck’b'ker 1250
Law Tl &Tr_
Llneoln Tr.
Manhattan
-
355
.
Mercantile..
Metropullt’n
570
Morton 'i r’st
Mutual
120
...
.
QUOTATIONS.
Ask
.
Trust Co’s.
550
510
250
105
„
270
380
450
850
690
725
120
Did
Mut Alll’nee 195
NY Elfe&Tr 1000
New York Tr
Standard 'J’i
'ITtle Gu&Ti
52.5
Tr Co of Am 720
Union Trust 1250
US Mtg&Tr
450
Unit Stati-fi. 1240.
Van N’den'l'r
Washington
Windsor
276
400
200
Trust Co’s.
Brooklyn.
Brooklyn 'IT
Ask
203
725
410
Citizens’
Flatbush
Franklin
Hamilton
550
740
1300
475
1270
-
-
215
...
__
^
Did
Ask
425
450
145
155
260
310
815
11 ome
160
Jenkins
200
Kings Co
1.1 si EATr..
300
-
_.
.
Nassau
I'eoplu’s
William
460
475
310
250
825
270
3I0U
b’g
:>2o
330
175
225
•
^
v-
-
-
—
Bid and asked prices; no salts were made on this day.
1 > x rights,
it J^ess tlian 100 shares.
1! State banks,
a Ex -dividend and rights.
It New stock.
♦ Sale at Stock i.rchange or at auction this week,
c Ex beneficial Interest In ore
properties,
ft 1 st lnstal’int paid.
n Sold at private sale at this price.
Exchange—Bond Record,
Friday, Weekly and Yearly
PARES
New York Stock
FOUR
Miri’mKG
RONDS
Price
a *****
N. Y. STOCK EXCHANGE
Wuz Endiwo May 3
JYiclav
May 3
Bangt or
U
U
U
U
U
U
S
S
S
S
S
8
Bid
104
104 4
104
104 4
102 4 103 *4
102
103*4
t, A. (ioTtimneni
2s eoosol registered.<<1930
2s consol coupon....<11930
8s registered
kl918
88 coupon
Ict918
8s reg small bonds..fcl918
3s oou small bonds..fclOlH
4s registered
A1907
U S
U S 48 coupon
U 8 4s registered
/il9l>7
Foreign Government
Japanese Govt 6s sterl’g.1911
2d series 6s
1911
£ loan 4 4s ctls full pd.1926
2d series 44s ctfs full paro.
£ loan 48 ctfs full paid.. 1931
Repubof Cuba 5s exten debt..
U S of Mexioo a f g 5s of 1899
Lift'
1014 302
12941304
12941304
104
105
1094
1014 Apr’07
1304 Mar’07
1304 Apr’07
105 4 Oct ’00
ill
May’OO
Dlst of Columbia 3*65s....l924
Louisiana new consol 4s..1914
North Carolina consol 4s. 1910
41054
1044 1004
L02 4 1024
1024104
104
J’ne’02
Oct ’06
10041014
1004 1014
129
1304
12941304
984
984 117
984
914
984
914
1919
1933
3s..1913
Virginia fund debt 2-3s... 1991
6s deferred Brown Bros ctfs.
234
Imp gu 5s..1921
Le A Hud R gen gu g 5s 1920
Leh A Wilks B Coal os.. 1912
Con ext guar 44s....01910
N Y A Long Br gen g 4s 1941
Cent Pacific
See So Paoifio Co
CentVermont 1st gu 94s.el920
Clias A'Sav see Atl Coast Line
Ches A Ohio g Os ser A.. A1908
al911
Gold 6s
1st consol g 5s
1939
126
Apr’07
95
96
934
954
20
23
Alabama
Cent
SetOoastXdne
So Ry
labs Midi
St* At
St* Del A Hud
AUegheuy Valley See Penn R R
Aibany A Susa
A1005
Registered
A1995
Stamped
99 4 Sale
99
FA
FA
FA
F-A
F-A
MS
A-0
M-N
..1938
ol953
J-J
91
86
91
M-K
Sp Oca AG gug4s ..1918 J-J
Atlantic A Danv See South Ry
Austin A N W See Son Pacific
1 >alt A Ohio prior 1 g 3 48-1925 J-J
■ >
/tl925 <J-J
Registered
811
41948
Gold 4s
Registered
Pitts Juno 1st gold
A-O
41948 (J-J
6s... 1922 J-J
PJunAM Div1st g 3 4sl925 M-N
P L E A W Va SyB ref 4sl941 M-N
Southw DiY 1st g 34a...1925 J-J
41925
Registered
lionon Kiv 1st gu g 6s..1919
Cen Ohio R 1st o g4 4s..1930
Cl Lor A W oon 1st g 5s 1933
Ohio River RR 1st g 5s.1930
General gold 5s
1937
Pitts Olev A Tol 1st g 6s 1922
Pitts A WeBt lstg 4s...1917
Stat isl Ry 1st gu g 44s 1943
Bat Creek A s See Mich Cent
-
n
U2d 5s
Registered....
2u pret income g
Stamped
3u pret income g
91
95 4
11
Registered
88
904 Deo'00
80
93
gy
i‘o*u*4 ii’i'
116
1114 113 4
1194
no
94
924.
100
Apr’06
Apr’07
Ohio A Northwcona
Extension 4s
Mar’04
Mar’07
«1987
Sinking fund 6a... 1879-1929
1879-1929
5s...1879-1929
Registered
1879-1929
ill)** i*13*4
Registered
Sinking fund
May’OO
Nov’00
1909
Debenture 5s
1909
Registered
94
94
1921
Debenture 5s
Nov’04
97
M-S
M-S
1945
6s....pl945
94
101% Sale
1014
1004
116
106
M-N •107
Oct
6a....pl945
Oct
0s...:pl946
Oct
103 4
103
Feb’07
Apr’97
124
Apr’06
1224 1184 Mar’07
J-J
J-J
1144
1144 1144
M-S
A-O
J-J
F-A
J-D
107
74
7U
044
1014
1014
1024 Apr’07
108
Nov’06
116
107
113
Mar’07
109 4
Apr’00
90
854 Apr’07
76
86
74
74
60 4
Apr’O'
Apt ’07
74
034 Jau’07
02
Stamped
Apr’07
Ax>r’07
112
102
Registered
1921
Registered
1933
1184 1234
894
1014
101
105 4
116
106
110
85
85
90
90
734
754
744
73
034
02
Mich Div lstg0s
incomes
Chic Rock Isl A Pao
904
10 100
Sireel
Railway
g
6s
1014
1946
2002
BkClty 1st con 5s. 1916.1941
1 Ht refund oonv g 4s
Bk y
(Jo A
8 oon gu g
6s.l941
Bklyn Lin El 1st g 4-6s.l950
Stamped guar 4-5s
I960
Kings Co El 1st g 4s....1049
Stamped guar 4s
1940
Nassau Elec gu g 4s ....1961
Conn lty A L 1st A ref g 4 4a ’51
stamped guar 4 4s
1961
Den U011 Tr Co 1st g 6s...1033
Det United 1st oon g 4 48.193-’
Havana Elec consol g 5s. 1062
1956
Intsr-Met coll 4 4«
Internal Truo ooll tr 4s..1940
Louis Ky (Jo 1st oon r 5s..1930
Manila Eleo 1st A ooll
•No pnoe
5S.1953
Friday; latest prloo tin*
•
101
Apr’07
1 100
*
111
05
06
107
106 l 794 974
Sale
044
85
05
103
102
j!024 103 4
Apr’07
100
1014
100
100 4
Apr’07
100
108
106
104 4105 4
Apr’oT
Feb *96
110
67
80
87
Feb’07
944 »34
844 Apr’07
84 4 87
SI
86
814 86 Apr’07
i'02 4 Sale 102 4 1024 *1 10241024
104
Deo'00
96
J’ue’OO
93 4 Got ’06
00
91
93
92 4 Jan’07
80
90
82
784
794 1*D 74
704 Snle
71
73
727s 72 4 Apr’(‘7
100
Mar’HS
May''06
884 08
...
Met St Ry gen
Ref g 4 s
92
90
02
102 4 Sale
1054
99
102
Sale
Sale
......
m
^
Apr’07
Sep ’06
1024 103
1104 Jan ’05
99
99
102
102
1014 Dec’06
93
99
103
104
1014102
1014104
0
Apr’07
”l
' 92
1024
1024
1024
5
3
1014
1014
lu6
92
33 100
J’ly’06
100
1004
1054
764
99
1004
894 924
994 Apr’07
914
80
76
674
"6*1*
Oct ’06
1124 Apr’07
ll84Feb’ub
1134 Feb’07
1U6
92
109
92
132
1104115
iio
126
Apr’07
107
Apr’07
1044
1044
Mar’07
103
103 4
lu3 4
104 4 Oct ’06
124 4
108
1014
1044
103 4
1094
9‘J
Oct ’05
112
Apr’07
914
92
115 4
1124 112
106 4
104 4
112
1114
1064
137 4
10H4
106
182 4
1054
1194
108
1014
105 4
104
1094
1044
105 4
1184123
101
94
4
*
4
....
120
101
107
1114
10441044
103
1004
10
98
96
1064
......
1134
3 1054105 4
1
no
1114
1064 1064
n
1114
Feb’07
J ’ly ’99
1084 108 4
....
1024 103
’ill* 10241054
104
*2
10041064
1104 1114
1194121
102
104
Feb’07
954 Mar’07
......
101
....
3 100
41024
1004101
107
Jan ’07
1084 Jan'04
107
1104
113 4
Apr’07
117
Feb’06
rt Due Apr # Due May
95
95
Apr’07
104
103
102
104
964 98
95
Feb’07
111
Oct’06
114 4 Feb’06
iob‘4
104
1074 U04
1064 Feb’07
1114 Feb’U7
1204 Feb’07
102
Jan’07
1064 Nov’06
1074 J’ne’06
1004
100**
105
92 4
90 4
112
106 4
Feb’07
Aug’04
Apr’06
125
107
104
......
1174
1134 1134
111
Aov’U6
102 4 Apr’07
105
105
Jan’07
104
109 4
1094
1074
1024
112
....
107
11341144
....
1054 Dec’05
100 4
Mar’07
1004
1004
*5 10041004
123 4
1234
113
Apr *07
142 4 Feb’02
122 4
120 4 Feb’06
122 4
100
luo
Sep ’03
Mar’<>7
11541174 114
‘"j 114* lit?4
1980
1934
1910
1912
1915
1916
1917
1918
4s..2002
A-0
A-0
A-O
J-D
2 1224 1234
113
113
1204
1114
1134
1004 Sale
J-J
A-0
M-K
M-K
M-K
M-K
M-K
M-K
M-N
M N
M-S
1004 1024
89 4 Sale
1164 Mar’07
994
100 4
994 Feb’07
89
ay *v
97
J’ly ’04
92 4 Nov’06
904 Jan ’07
93
May’01
904 Feb’07
704 Sale
86
Apr’07
73
704
79
Deo ’05
88
87
Apr’07
115
117
Jan’07
51*1
77
....
83
****
1164 1164
984 100 4
99 4
89
994
904
IK) 4
9t>4
904
86
68
90
77
82
914
117
914
117
120 4 Mar’03
Nov’05
111
1114
105
Nexi I’njre5s. 1997
2002
1st 0 g5s 1943
ool tr
g
Ry Lt 11 A P 1st g 6*‘37
6s 1937
Underground of Lon 5s... 1900
Umou El (Chic) 1st g 5s.. 1945
U mted RRs sau Fra f 4s. 1927
United Rys St 1- lstg 4s. 1034
W Chio St 40-yr con g 5s. 1936
St Jos
Paul City Cab eon v
F-A>
A-O
J -D
M-S
M-S
J-J
J-J
F-A
F-A
J-J
J-J
M-N
J-J
J-D
AO
AO
J-J
M N
104
107
100
SaitSO
110
112
104
80
no
113 4
104
Apr’07
Apr’07
11341134
Feb’07
1134 Deo’06
86 4
864 85 4
1114 Apr’07
1114
93
4 J »y ’06
98
......
109
12 .102 41084
80
85
D>8
113
****
*3*3
85 4
yDueJ’ue a Due J’ly « Due Aug
89**
111
1144
75
loo
75
82
10©
834
35
J’ly’06
107 4 Feb *06
90 4 Sep *06
1034 Oct ’00
1104 Nov’00
78
76
77 ” Apr’07
1(H) Jan *07
75
75
83
Apr ’07
99
Dec *97
1
...
week. a Due Jan
1
10041024
4
101
Col A 0th A v 1 st gu g 6s. 1003
1-ex Av A P F 1st gu g 6s 1903
Third A ve U K con gu 4s 2000
Third Ave Ry 1st g 5s..1037
Met W S El (Clue) lstg 4s. 1938
MU Ei Ry A L 30 yr g 5s. 1926
Minn St Ry 1st oou « 5s.. 1919
N Url Ky A I.t gcu 4 4s ..1935
*t
96 4 100 4
92 4 924
Hallway
UwajrA 7th Av
994105*4
....
1004
2002
Registered
Coll trust gold 5s
1913
Bur Ced R A Northern—
Con 1st A ool trg 5s...1934
Register ed
1934
OR l F A N W 1st gu 5s. 1921
M A St L 1st gu g 7s..1927
Street
4b
....
70 4 Apr’0/
69
69 4
80 4 May’05
99
105
107
116
....
984 Apr’07
92 4 Mar’07
1134 Feb’05
994 Feb’00
704
694 Sale
1988 J-J
J 4s
M 48
N 4s
O 4s
P 48
Chic R I A Pac RR
Feb’Ob
89T*
85
2 LOO
107
12 111
1*014
1917
..
112
101
M-N
M-K
F-A
M-S
J-J
M-N
J-J
J-J
1911
Registered
Refunding g 4s
Coll trust Senes H 4s
904 100 4
99
M-S
6s...1917
General gold 4s
1024 104
102 4
May’06
i'oo
F-A
M-N
O-F
A-O
A-O
A-O
A-O
M-N
M-N
A-0
A-0
M-K
M-N
M-S
1924
Registered
lillMl'UUiANEOli!!* BONDS—Continued 011
Brooklyn Rap Tr
1933
North Illinois 1st 6a....1910
Ott C F A St Paul 1st 5s 1909
Winona A St Pet 2d 7a.. 1907
MU L S A West 1st g 0s 1921
Ext A Imp s fund g 5s 1929
Ashland Div 1st g6a..1926
1184
1034
1014
r_
......
102
7s....1915 Q-F
1886-1926 F-A
Registered
Feb’u <
1144
J’ne’06
1114 Sale
M-K
M-S
J-J
J-D
A-O
M-N
M-N
J-J
1886-1926
gold 34a
1987
1054 108
123 4 126 4
123
125 4
100 4 1U
....
1014
107
111
116
104
J-J
F-A
J-J
J-J
J-J
A-O
A-O
M-K
M-N
M-8
Registered
General
Apr’07
1014
1014
J-J
J-J
J-J
J-J
Registered
«1989 O.J
General g 34s series B.el989 J-J
Chic A L Su Div g 5s.... 1921 J-J
Chic A Mo Riv Div 5s...1920 J-J
ChicA Pao Div 6s
1910 J-J
Chic A P W lstg5s
1921 J-J
Dak A Gt So g 5s
1910 J-J
Far A Sou assu g Os
1924 J-J
Hast A D Div 1st 7s
1910 J-J
1st 5s
1910 J-J
I A D Exten 1st 7s......1908 J-J
LaCrosse A D 1st 6s....1919 J-J
Mineral Point Div 5s....1910 J-J
So Minn Div 1st Os
1910 J-J
Southwest Div 1st Os.... 1909 J-J
Wis A Minn Div g5s....1921 J-J
MU A No 1st M L Os....1910 J-D
1st consol Os...
1913 J-D
894
iffjrA
Low
....
J-J
M-S
1937
Rylst5s.l930
Since
January 1
*
Refunding gold 5s
1947
Louisv N A A Cli 1st 0s. 1910
Ohio Mil A St P term g 5s 1914
General g 4s series A..el989
Sale
109
110
1949
Range
il
High A’o
Atk Low
93
J’ue’OO
115 4 Dee ’u5
115
Nov’05
115 4 Aug’05
108
*
106 4 105 4 Apr’07,
124 4
125 *i*0
124*4 125
4
123
123
1224
109 4 Apr’07
1094
102 4
100 4 Apr’07
*4
100
100
Sale 100
102
105
Sid
90
Chic A IndO
Chicago A Erie See Erie
Chic In A Loulsv ref Os...1947 J-J
984
84
AO
A-O
M-N
M-N
M-S
M-S
J-J
J-J
General consol 1st5s.... 1937
91
924
May 3
85
1949
Sinking fund deb 5s
1913
Stamped'
Apr’07
M-S
fund 5s..1919
1919
Sinking fund 4s
Nebraska Extension 4s. 1927
Registered
1927
1324 Jan’00
1124 J^n ’04
1144 Nov’06
99 4 Mar’06
Sale
98
Carb A Shawn See Ill Cent
Carolina Cent See Scab Air L
Cartilage A Ad See N Y C A H
Cod R la FAN See BO RAN
Cen Brancn Ry See Mo Pac
Cent of Ga RR 1st g 5s..pl945 F-A
Consol gold 6s
1945 M-N
1st pret income g
90
944
J-D
1913
Registered
9341084
96
Q-M
Southwestern Div4s.... 1921
Joint bonds See Great North
Debenture 6s
1913
Han A St Jos consol 6s.. 1911
Chicdfc E Illref A impg 4s 1965
lata tour Os...
1907
1st consol g 6s
1934
88
924
Feb’07
Jan’06
Feb’07
984 Nov»04
94
Nov'00
M-N
1922
1949
Gold 4s
Iowa Div sink
1014
924
99
99
100
96
Sale
101
90
86
90
VI-M
1950
Ohio Burl A Q— DenvD4s
Illinois Div 34s
104
894 93 4
894 c 93
95
J’ne’06
24
98 4 *1024
1004
1004 Sale 1004
3
98
1014
98
100 4 98
120
Oct '01
89
90
Mar’07
884 89
924 90
924
93 4 Sale
934
884 »04
894
894 8»4
89
Oct ’06
10541054
101
1054 Feb’07
M-S
A-O
J-D
A-0
A-O
J-J
Beeoh Creek Set N Y O A H
Bellev A Car Set Illinois Cent
Bklyn A Montauk Set Long 1
Bruns A West See Atl Coast L
Buffalo N Y A Erie Set Erie
Buffalo RAP gen g 6s...1937
All A West lstg 4s gu..l998
Cl A Mah 1st gu g 6s....1943
Kooli A Pitta 1st g 6s...1921
1922
Consol 1st g 6s
Buffalo A Southwest See Erie
Buff A Suso 1st ref g 4s.<11951
BurCRAN See C K I A P
i ianada Soutli 1st 5s
1908
904
1004
19
8
1
1244
864 91
97 4 102 4
99
91
i*2*3**!!!”.!!
92 4
86
97 4
924
96
Jan’07
90S
91
J-D
1934
..1928
864 Apr’07
984
99 217
101
92
66
924
Nov
Nov
M-N
Atl Knox A N See LAN
Atlantic Coast 1st g 48.A1P52 MS
Charles A Sav 1st g 7s.. 1930 J-J
Sav FA W 1st gold 6s.. 1934 A-0
LAN coll g 4s
•84 Sale
AO
Conv g 4s
1955
Debentures 4s Series F.1908
1909
Senes G
1910
Senes H
Series 1
1911
Series K
1913
East Okla Div 1st g 4s..1928
1st gold 6s
Ala Mid 1st gn gold 5s
Bruns A Wlstgug4s
86
Q-J
A-O
Week’s
Range or
Last Sale
....
J-J
O.J
J- J
J-J
1989
6a..1941
Registered
Railroad
Alleg A West See Buff R A P
Ajnn Arbor lstg 4s
A1995
Atoh T A S Fe—Gen g 4s. 1995
Registered
..1995
Adjustment g48
rt.1995
2d consol g 4s
Warm 8pr Val 1st g
Price
Friday
Greenbrier Ry lstgug 4s *40 M-N
Clue A Alt KB ref g 3s...1949 A-O
Railway 1st lien 34s... 1950 J-J
1004 1004
934
J-J
J-J
Registered
1939
General gold 44s
1992
1992
Registered
Craig Valley 1st g 5s....1940
R A A Div 1st oon g4a.. 1989
964 99
92 4 95
of $5 to £.
J-J
Am Dook A
79
864
984 1034
126
Mar’OO
96
23
Registered
J-D
5s.1987
A1987
Registered
Apr’07
Mar’07
934
may 3
Cent of Ga RR—(Con)
Cliatt Dtv pur men g 4s.1951
Mac A Nor Div 1st g 5s. 1940
Mid Ga A Atl Div 5s....1947
Mobile Div lstg 6s
1040
Cen R R A R of Ga ool g 5s 1937
Mar’02
J’ne’06
Dec’04
126
120
964 96
93
964 1004
904 1004
874 944
874 924
Si
EXCHANGE
Week Ending
o
—
CentofNJ gen’lgold
Mar’o7
111
1174
1064
1004
100
124
High
Low
■Vo
154
154
-914 il
91
914 91
834
834 13
834 Bale
3
*102 4 Sale 1024 102 4
1
984
984
984 Sale
29
94
95
94
heee are pr ices o n the b ovi*
Securities
Alabama curr fund 4s ....1920
6s
So Carolina 44s 20-40
Tenn new settlement
c
1024
Apr’07
State
N. Y. STOCK
Since
January 1
Apr’<*7
Apr’()<
101 4 102
98-4 Sale
984 Sale
914 Sale
1954
Gold 4s of 1904
Utah
1044
104 4
102 4
1034
107
1044
101*4
102*4 "!!..*
.....1926
U 8 4s coupon
1925
US Pan Can 10-80 yr 2s.fcl936
Philmmue islands 48.1914-34
Pub wk« and imp rear 4s 1935
Pub wks and imp reg...193(5
sa'e
l ant
I
BONDS
Banff*
■5 c
oDueOot yDue.xov » option
94
New York Bond Record—Continued—Page 2
1040
BOND:*
Clioo Ok & G geo g 6s .01919
Consol gold os
1952
Kook <fc Dea M 1st 6s
19211
Ohio Bt L & N O See Ill Cent
Ghi« Bt L <& Pitts See PeanOo
Okie St P M & O con 6s...1930
Cons 6s reduced to Ska.IWSO
0fo 8t P «fc Minn 1st g 6s 1918
Nor Wisconsin 1st 6s...1930
St P & 8 City 1st g 6s...1919
Choc O A Gulf See CBIAP
Clu H A D 2(1 gold 4 ks..-19S7
Cin D <fc l 1st gu g 5s...1941
C Kind A Ft W Jstgu4sg.’23
Cin I A W 1st gu g 4s.1963
Ind Dec So W 1st g 5s...1935
1st guar gold 6s
1935
Cl St LAC ««UU(J&Stl
Cin S A C See CCCatL
Clear held A &Lah See B R <fc P1
Clev Cm C & St L gen g 4s 1993
Cairo Div 1st gold 4s....1939
Cin W A M Div 1st g 48.1991
St L Drv 1st col tr g 4s.. 1990
.
Registered..
Wee# e
Friday
May 3
Range
j-j
Last Bale
[M-N
A-O
J-D
J-D
M-N
J-J
A-0
J-J
ISO1*.
i 2*6*4 !
ii6*7i
■
J-J
M-N
M-N
J-J
J-J
J-J
J-D
J-J
102
130
Dec’03
128
Feb'07
Mar’«4
131*4 131k
Registered
97
97
89 k
96
96
Registered
10-yr conv deb 4s
JUL> A Hus conv 3ks
.
62
63 k
69
69
69
90 k
91
8ale
90*3 Sale
90*4
95
101 78
1 15 7g
120 k
1017,
J’ne’05
120*4
1.2I k
109
Sep
109
91*4
95
62
72 k
Hale
109 k
109
109
92
86k
93
90
89
83k
Mar’05
91k
95
87k Feb’07
87k
87k
92
89
92
92 k
111
111k
97
Jan ’02
110
92
89
Mar’07
Sep’04
Apr’07
Oct ’06
Apr’O/
112
133
Feb’uo
Sale
96
97k
Sale
99 k Oct ’00
83
81k
109
109
103 k 103 k
1007,100 k
85 k Feb’07
86
86
81
81
75
Apr’07
120 k
120 k
104k Feb’06
115
117
116 k Jan ’05
Sale
104
....
....
125
12*Jk
19
95
99 k
14
80
85 k
Sg
*4*
84
IT
76
73
130
120 k120 k
No price Friday;
1922
1937
i997
1939
119
jloOk iOL
11J0 130
Mar’ll?)
130
118
85 k
91k
103 k
87
10:115
100-4 Apr’07.
....
Sep ’06
108
lu9 k Oct ’05
111k
121 k Dec’06
See Bt L S W
coll tr 4s 1921
100
100
loo
2 1105 k 107 k
‘J ! 63
73 k
11 »5 k
67
1 35 k
Go :116
A pi
1/10
ilOO
’07
Apr ’u?
j1
I-
j
11
I
Feb 07
61 k Oct ’0]
05
86k l* 06
*-i
15 9k
•107*4
lOi
104
j 98
11;
I
!110
...J
80
Apr’O? ...J
i 03
.
.
.
v
iu4
.1
1
Apr.’07
;;;;!
116
| 93k Mar’(J6|....j
latest bnktml asked this week,
105
1
Dec '00
Dec ’06
loO
100
■
105
Apr ’u7
Due Jan
108
100 k Feb’07
100 k 103
110k Apr’07
110k 110k
104 k Oct ’06
106 k Apr’07
116
Apr’06
105k 105k
117
Dec’06
99
111
84
111k 112 Apr’07
86
84k Apr’07
108" i\T
84
87
102 k 100
100
103
105
105
b Due Feb
117
96
J-J
104 k
108k
Mar’98
Mar’07
1st gold 3ks
sterling
gold 4s
Coll Trust
99
101*4
99
104k
99 k
100
97
98
101
9S‘* IIIII
107 k
100
98
98
98
106*4 Apr’0
•7
May’99
78k Apr’06
78*4 Feb’07
100k Apr’07
*118k
97
78k
78k
88k
”89"
100 k 102
Dec’05
Mar’07
122
97
98
102k
89k 91
89
Mar’07
101 *8 Oct ’99
100
Nov’UU
99 V
102*4
97
102 k
123
g 3ks... 1951
western Lines 1st g 4s..1951
Bellev <fc Car 1st 6s
1923
Garb dc cdiuvv 1st g 4s...1932
Chic St L dc N O g 5a... 1951
Registered..
1951
Gold 3ks
1951
107*.
lUOk
100k 103k
97
102*4 Jan ’07
SB** Feb’07
80
PQk
102 k
‘99" 99"
100
Apr’OT
95 k J’iy‘06
99 k J’iie’06
70
Oct ’04
101
Apr’07
98
98 k
103*8 103 k
Nov’Oli
109k Sep ’06
107k Apr’U7
*
1951
1951
.:
89 k
8b®8
21
98k Nov’Oi
99
Apr’OT
104
1952
1952
...1953
Registered
1953
Cairo Bridge gold 4s....I960
IiOUisvDiv&Term g3 ks.1953
Middle DivregSs
1921
Omalia Div 1st g 3s
1951
St Louis Div&term g3s.l951
Registered
1951
96*4 307
94 k
Apr’07
104k
•98*4
Registered
Registered
Spring Div 1st
99
103
L N O & Tex gold 4s
Gold 3ks
95 k
104 k Sale
1951
1951
1951
1951
Registered
Sale
,94 k
1921 Q-J
See Ches dc O
ref & t g 5s 51952 J-J
*97** *9*7*’
118k Apr’OT
119k Mar’04
93°&Mt*y’04
nskiisk
100 k Mar’U7
Mar’07
97
look 100**
97
97
1951
100 V
Meinpli Div 1st g4s.,.1951
St L Sou 1st gu g 4s
1931
Ind Bi dc West See CCCdc St L
Ind Ill & la 1st g 4s
1950
Intde Great Nor 1st g 6s.. 1919
2d gold 5 s
1909
3d gold 4s
1921
Iowa Central 1st gold os.. 1938
Gold 4s
1961
Jeilerson RR See Erie
I/alA&Oli See L S & M S
lA-an db M ich See Tol db O C
K C Ft S db M
See St L db S F
K C db Al R db B See Bt L db S F
Kan C & Pacific See Al K db T
Kan City Bou 1st gold 3s.. 1950 A-0
Registered
1950 A-0
97
98k 100
111k
97*4
97k
65
100
LOO
113 k H6k
95
99«»
71
79
109
/11
85
85
Apr’07
Apr’07
72k Apr’07
73
71
Feb’07
114
98
108
80
111
86
Feb’07
Feb’07
Sale
71
63
71
Oct ’00
67 k
Kentucky Cent
See L dfc N
Des AIo See C R IdbP
Keok
Knoxville db Ohio See Bo Ry
Lake
Erie os
db W 1st g 5s.. 1937
2/1 gold
1941
North Ohio 1st gug 5s.. 1945
L Bho db Alich H See N Y Cent
Lelt Val N Y 1st gu g 4*28.1940
Registered
1940
Lehigh Vai (Pa) cons g 4s. 2003
Leh V Ter Ry 1st gu g 5s. 1941
1941
Leh V Coal (Jo lstgu g 5s. 1933
l.eh db N Y 1st guar g 4s..19 15
Registered
1945
El C db N 1st pf 6s
1914
Gold guar 5s
1914
113
133
1
J-J
A-O
106 k
no
lUOk
106k
106 k 107 k
110
110k
J-J
J-J
(Vl-N
A-O
A-O
J-J
M-S
M-S
A-O
A-O
107 k
104 k 106
106k Apr’OT
112*8 Nuv’05
113
J-J
110
Apr’O,
12*8 114
106k lO?*,
95
Oct ’06
116
Oct ’00
109 k Oct ’99
112 k
111k 112 k
95 k...... 96k Jan ’07
112 V
102 k
113 7e Jan ’00
99k
105*4 Jan ’Oo
112 k 112k
96k
96k
Leh db Hud R See Cent of N J
Leh dc Wilkesb See Cent of N J
l^eroy db Caney Val See Mo P
ljong Dock See Erie
lenig Isl’/l—1st con g 5s./il931 Q-J
1st consol gold 4s
A. 1931
General gold 4a
1938
Ferry gold-Iks
1922 M-S
Gold 4s
Unified gold 4s
Debenture gold 5s
Guar ret gold 4s....
1932
1949
193 1
19-19
Bklyndb Mont 1stgOs..191 1
1st 5s
1911
N V Bdc M B 1st con g os 1935
N Y db R B 1st g 5s
1927
Nor Hh B 1 st con g gu5s ol 932
Louisisuia dc Ark 1st g 5s. 1927
<mi
94
96
J-I)
94
M-S
J-D
MS
M-S
M-S
A-O
M-S
Hal
9
Apr’07
112
90
96
102
Nov’05
99 k Oct ’06
947n Apr’OT
96
94
104 k
1 00 k
105
97
110
96
J’ne’Ol
100
Mar’0 7
97
11
MS
114k
95 k
99
94
9ok
96
99 k
ibo" io’ik
110*4 Nov’Oli
105
Apr’oT
102
O-J
105
109
Nov’Olj
103 k Feb ’o7
109*4
103k 103k
Eiglit
Lac Gas L of Bt L 1st g 5s.rl 919 Q
Ret amt exL 1st g 5s
19341A
Milwaukee Gas L 1st 4s..1927 M
N Y G E L 11 db P g 6s... 1948 J
Purchase money g 4s...1949 F
E/l El Ill 1st conv g Os.. 1910 M
let (xiiihoI gold 5s
1996 J
N Y«t(jEl IMbP 1 et va)U g5sl930 F
N Y Ac. Rich Gas Istg 6s. 1921 M
1-’
O
N
O
A
8
J
A
N
8
O
S
J
D
N
D
Pal dc PusG db E con g 6s. 1949 M
Peo Gas A C 1st eon g be. 1943 A
Relim/iing gol/1 5s
1947 M
ChG-Ldb Cke lstgu g os 1937 J
Con G Co of Ch lstgu g 5s.’30 J
Mu Fuel Gas lstgu g 5s. 1947 M
Syracuse Lighting IhL g 5s.’01 J
'I leuiou G Ac. El 1st g 5s.. 1949 M 8
Westchester Liirht’ir g 6s. 1950 J D
d Due Apr s
112
111k
n
;»exi
Ohn and I-lleetric
!
.
-A!
Htg*
108
104»» 104k Apr’07
114
Apr’05
106*4 Feb’06
A-0
lstconsolg4k3.l999 J-J
Registered
1999 J-J
Col «fc 11 V 1st ext g 4a.. 1948 A-O
Col <k Tol 1st ex 4s
1955 F-A
Houst K As W Tex See So Pac
11 oust & Tex Ceil See So Pac Co
IhDDS—Coium/ica
1
j
105-.- 105 *a
66 k *8
i 67
135 k Sale
134
,
102 V
106 V
Registered.//.
Greenbrier Ry
Registered
100k Feb’07
126*4 Apr’07
12Uk 122
125
110k 112
.
107 k Jan *06
109
Apr’07
103*8
103*8
110 k Oct ’06
73
115’*
loO**
Jan’O’.
114 k Nov’OC
89
115
97k
102 *8 102 k
104 k 106 k
112k Feb’06
107
81
93*4
76
Dec’05
89
JaD ’05
92 k
92 k
86
111
Ill
"k
2
94k
94k
102 k Jan ’07
105k Feb’07
1U4
EdEill SeeN YGdfcELlldbP
Eq G LN Y 1st con g 5s..1932
Gaedc Elec Berg Co c g 5s. 1949
Kan City (Mo) Gas 1st g Os
Kings Oo El L/fc P g 5s...
Purchase money 6s
Ed El 11 BJui 1st con g 4s
Gt Nor—C it <fc Q
Registered
95 k 109 k
95
110
)llSt'EIjl.ANEOl8
lien Electric deb g .i\n..l942
lir Rap G L Co let g 6s...1910
Hudson Co Gas 1st g Os.. 1949
111k
Feb’03
Feb’OG
133 k Dec’06
943b Sale
96
J
95
'*06
Aug’Ol
103*4 139
243
99k
30u
128*4
81
j
74*4
94 *s
is'ik i*2i'k
102 k
103 k Sale
106 k
98
1 26*4 128
J
Gray’s Pt Term
Han
db St JoSeeSeeN CY BN 60H «fc H
ousatonic
149
99
Low
Mar*07
Grand Rap <& Ind N'rePennKR
Hoes Vai
102k Aug’UU
102
133
Mo
High
108
See Sea A Line
See Sen A Line
Georgia Pacific see So Ry
Gila V G 60 Nor See So Pac Co
Gouv & Oawegat SeeH Y Cent
99 k
98
....
i*0*6k "*".
O
( '1 al Har & S A See So Pac Co
V7al H & H of 18821st Ss.1913
99
101 k 104k
U0kNov’06
127
Since
January 1
100k Dec’06
101
109 k
Penin See Sea Air Line
U D Co 1st g 4ks.l941 J-J
Den C 1st g 6a....1921 J-D
Rio Gr 1st g 4s...1928 J-J
98*4
67
89 k
95
121k Apr’07
115
I>
N
Fla C &
Fort St
Ft W «fc
Ft W db
1st gold 3s
Feb’07
1017,
Ask Low
110*8
Range
Ho MSee See
P
Fargo
Ch Per©
M & Ht
lint &dbPere
Alar
Extended 1st g 3 ks
Elgin Jol A East 1st
Oum and Electric Elgin
AUnnttt G L Co 1st g 5s... 1947
Biuyn U Gas 1st con g 5s. 1945
Butluio Gas 1st g on
1947
Consol Gas conv deb 6s.... 1909
Cousurn Gas See P G db C Co
Detroit City Gas g 6«
1923
Det Gas Co con 1st g 5s...1918
ltd El ill Bkn Sec K Co E L db P
Bid
S Y Sue db W 1st ref 6s. 1937 J-J
2d gold 4ks
1937 F-A
General gold 6s
1940 F-A
Terminal 1st gold 6s... 1943 M-N
Regis $5,000 each...1943 M-N
M id BR of N J 1stg 6s. 1910 A-0
Wiik<fc Ea 1st gug 5s. 1942 J-D
tfv<fe Ind 1st con gu g 6s..1926 J-J
Erie & Pitts see Penn Co
Evans & T H 1st cons 6a.1921 J-J
lstgeneral gold 5s
1942 A-0
Mt Vernon 1st gold 6a.. 1923 A-0
Soil Co Biancli 1st g 5s. 1930 A-0
jllinois
Central 1st g 4s..1951
Registered
1951
02 *4
Week's
Range or
Last Sale
May 3
97 k
104kNoT’Ul
92
Brice
Friday
Erie—(Con)
Gulf & S 11 st
Feb’07
92*4 Sole
03 k Sale
109°» Salt
j
Apr’07
Jan ’u7
98 k
98k
97
,
J-D
J-J
F-A
A-O
do
Hern s B...1963 A-O
Bull N V A Erie 1st 7s. .1910 J-J'
Bull A S W golu 6s
1908 J-J
Clue A Erie 1st gold 6s..l982!M-h
Clev A Malien V'al g6«.193s j-j
Jeff RR 1st gu g 5s....al909 A-0
Dong Dock consol g 6s.. 1935 A-C
Coal A lilt 1st cur gu 6a. 1922'M-N
Dock A imp 1st cur 6s.. 19131J - J !
N Y A Green D gu g 5».194tilM-N|
97
97
97
131k 132
128
1916
1990
1951
3 953
96** 102
99k 99k
132
....W
IS -2
LXXXIV.
Georgia & Ala
Ga Car & Nor
i 18 k 118 k
of M inn See StiS'«
East
P MSoAiij
M
aatTenVaAGa
Registered
Perm’coll tr g 4s
50-year conv 4s A
104k 105
1167,
123 k
i 21
g 5s.1941 M-N
Elm Cort A No See Deb A N Y
Erie 1st ext gold 4s
1947 M-N
2d ext gol<f6s
1919 M-S
3d ext gold 4ks
1923 M-8
4th ext gold 5s
1920 AO
6th ext gold 4s
192s J-L
lstoonsol gold7s
IS
1920 Mlet consol g fund 7s
1920 ii- S
Eno 1st con g 4s prior.. 1996) J-J
Kegiste red
1996 J J
ist consol gen lien g 4s.. 1996 J-J
83
98*4 Apr’07
113*4 J’ne’Ol
118k Jan ’07
M-S
Reus A Baratova 1st 7#. 192] M-N
Del Kit RR Bridge See Pa RR
Denv A R Gr 1st con g 4a.1936 J-J
.Consol gold 4-k»
1936 J-J
Improvement gold 6s... 1926 J-D
Rio Gr Juno 1st gu g 5s.1939 J-D
Bio gr So 1st gold 4s... .1940 J-J
Guaranteed
1940 J-J
Bio Gr Weat 1st g 4s....1939 J-J
Mgeand col trust 4sA. 1949 A-0
Dtab Cent lstgu g4s al917 A-0
Dee Moi A Ft D See M A Ht L
D«s Mol Un By 1st g 6s..1917 M-N
Dat A Mack 1st lien g 48.1995 J-D
Gold 4a
1995 J-D
Detroit Southern—
*Jlno Sou Div 1st g 4s...1941 M-8
DAl A Iron Range 1st 5s.. 1937 A-O
Registered
1937 A-O
5d 6s
1916 J-J
Dal Short Dine See Nor Pac
Dui Ho Shore A Atl g 6«..l937 J-J
83
105
Jan’04
97 k Mar’o7
1917
1946 A-O
10S«# 105*4
97 k
104*4
5s...1928
j-j
J-D
Consol sink Iund7s....l9l4 J-D
General consol gold 6s. 1934 J-J
Registered
1934 J-J
Ind J31 & W 1st pret 4s.1940 A-0
O lad A W 1st pf 6s...dl938 Q-J
Peo A East 1st con 4s...l94u A-0
Income 4*
1999 Apt
Glev A Marietta See Peuu RR
Cler A Pitts See Penn Co
Col Midland 1st g 4s
1947 J-J
Colorado A Bou 1st g 4s... 1929 F-A
Roland A ext 4 ks
1935 M-N
Ooluin A Greeny See Ho By
Col A Hock Val See Hock Vai
Gol A Tol See Hock Vai
Ool Conn A Term See HAW
Opnn A Pas Kirs 1st g 4s.1943 A-0
| \ak A Gt Bo toUM A bt P
JJahaa A Waco See M K A T
ffkl Lack A Western 7s...1907 M-S
Morris A Essex 1st 7s. ..1914 M-N
lstoonsol guar 7s
1915 J-D
Registered
1915 J-D
1st ref gu g 3ks
2000 J -D
ti Y Lack A W 1st 6s. ..1921 J-J
Construction 5s
1923 F-A
Tenn A improve4s....1923 M-N
Warren 1st ref gu g 3 ks.2000 F-A
0*1 A Hud 1st Pa Div 7s.1917 MS
103k
99k Feb’05
98
Sep ’06
fcl93b Q-f
1914
116k 120n
97k 97k
97
109*4
110k 113
977« 98
41
101*4
102
90k Jan ’07
97*4 Apr’07
8pr A Col Div 1st
g 4a..1940 M-S
W W Vai Drv 1st g 4s...1940 J-J
0 I St Ij A C consol 6s..1920 M-S
1st gold 4s
k 1986 Q-r
Apr’u7
109*4
S3
Jan ’07
104 k Feb ’07
107 k Dec’02
J-J
M-N
Apr’07
131
Oct ’00
103°8
Sale
99
High
131k
129k
116k
97*4
113
§6
N. Y. STOCK EXCHANGE
Wkkk ending Mat 3
Low
1107, Apr’07
977e Apr’07
103°& Sale
BONDS
Since
130
93
108
109*4 110
1107*
Range
January
Aik Lev
High Me
109
Nov’06
111
1951*
May*06
102 Q 105*8 Nor'06
1996 M-N
Cm S a Cl con lea g
C C O A I consol 7s
t|3
1$
or
Bid
Ohio Bock I & Pac—(Con)
Chicago Ter Trans g 4s...1947
Coupon oil
Chio<& Weetlnd geng6s<?1932
Consol 60 year 4s
1962
ClucA WMieii See Pera Marq
Br\c*
gf
JL T. STOCK EXCHANGE
Whk SblBWO MAT 8
[VOL.
Due May hUuej’ly'
101k Sale
101k
101*,
102
Feb’07
91 k Jau *07
102 k 103 k 102 k
103*4
83
83 k
83 k 83
100
lUOk
Apr'07
105
113*4 J’ue’OG
95*8
95*4 90
103
Nov’06
102
......
lift
i is
.
7
SO
99
84k
100
95** "9*9"
104k Nov’05
119
101
119k
106
119
Feb’07
101
Apr’07
105 k Apr’07
100
105 k
100k Apr’07
103 k Dec ’05
10Ck 108
103
100 k
101
100
101*4 163 k
102
102 k
91k 91k
99 k 103 k
3H
103k
..104k
110
103 k
a; Due Aug
0
M uy’Oo
101k Feb’07
Due Oct
q
Due Dec
....
9
loikioa
Option Hal*
1041
New York Bond Record—Continued—Page 3
Mat 4 1907.
a
BONDS
BOND;*
Fritte
WssMt
Mange
N. T. STOCK exchange;
Wui bitdiho Mat 8
Frida#
Range or
Since
May 8
Last Sale
January 1
6a.1930
1937
1940
1940
1910
1931
4e.l923
Louiar & Naahv gen g
Gold 5a
Unified gold 4a
1154117
,
‘1094
101
Sale
*
.
Registered
,
gold 0s
J
gold 68
1
6-20-yr coltr deed g
i
EH* Nash 1st g 6b....1919 ,
LOin So Lax gold 4 ‘aa. ..1931 i
N O & M 1st gold 0a....1930 ,
Sink: run cl
Coll trust
1154MarT>7
Mar’07
1014
l014J’ly’00
108
100
-96
Sale
112
109
11234
103 4
1154
72
”874
.
1164
1174
1014
109
96
109
98
112
112
i isfi”
1254
1074 Aag’06
120
Jan’07
724 Feb’07
88 4
109
J
,
1094110
3
I
16S4
N Y Cent A K R—{Continued J
Cart A Ad lat gu g 4s... 1981
Gouv A 08we lstgu g 5s 1942
Moll A Mai 1st gu g 4s..1991
N J J uno K gu 1st 4s...1930
N Y A Harlem g 34s...2000
'80** *9*2
974 100=6
i'004 i’o*3*4
81
86
204
27=*
21
14 4
105
130
105
118
Mar’07
Jan’07
1134 Mar’05
107 4 107 4
90
934
87
96
,
96
97
99
03
103
130
105
1184
105**4 i*l6*4
Apr’(>7
Feb’07
Apr’00
Apr’07
92
04
97
09
Nov’01
.
Un See St P M AM
Mo Kan A Tex 1st g 4s...1990
2d gold 48
pi.990 .
lat ext gold 6s
1944 3
lat A refund 4s
2004 E S
1936
Gan a f 4 4s
St L Div 1st ret g 4s....2001
Dai A Wa 1st ru g 6a...1940
Kan C& Pao 1st g 4a... 1990
Mo K A K lat gu g 5s. ..1942
M K A Ok 1st gu 5s
1942
M K ATofTl8tgug6a.l942
Sher Bh A So 1 st gu g 5s. 1943
Tex A Okla 1st gug 6s... 1943
Mo Pacific 1st con g 6s ...1920
Trust gold 5s stamped.al917
95
R834
80 34 88
106
102
86
81
83
88 4
82
87
104 4 104 4
054 95 4
1084 1114
1064 107 4
106 4
102
984
984
984 Sale
84
8* 4
844 Sale
105
1024105
Apr’07
Mar’07
824 81
864
t*64
85
88
85
Apr’07
834
104 4 Jan’07
103
05 4
*i‘074 ””*■
105
1044 Sato
104
104
Apr’07
1084 Apr ’07
107
104
104
104
110
Feb’07
1044
I 04
Api ’07
120
102 4
1014
1074 Fob’00
102
Safe" 102
89 4 Apr’07
87 4
97 4
97 4
05 4
Mu. *07
92
94 4 93
92
92 4
*924.
1U4117
1024 Sale
al917
Registered
6s
1920
40-year gold loan 4s
1945
3d 7s extd at 4%
1938
Cent Hr Ry 1st gu g 4s. 1919
Ceu Branch U P 1st g4H.19-i v
Leroy A C VA List g 5s 1926
Pac R of Mo 1st ex g 4a. 1938
i02*‘
1st coll gold
101
105
90
97 4 98
93
964
92
0-4
86
'*9*7*4
101
102
110
101
Apr’07
116
4 Mar’07
iio" Safe *
Mar’05
i’01” ib’1’4
116
1174
109 4 114
110
110
109 4 Mar’07
84 4 e5
84=8
85 4
90
92 4
90
Sale
107 4 Apr '06
Dee’00
07 4 98
I
I
•
89
1084110
t-S
1094 1094
80
88 4
85
02 4
1214 124
1224 Apr’07
1234
122
Dec’05
89
89
108 4 Mar’07
92 4 Aug’00
101
Nov’04
'Vi** ‘»4*
1034 108 4
See 8 P Co
1164117
Naah
Chat Agold
St L5slat 7a.1913
1st consol
1928
1114
1154
Jasper Branch 1st g 6a..1923
MoM M W A Al lat 6s..1917
TAP Branoh 1st 6s....1917
Nash Flor A Shot See L A N
Natof Mex prior lien 4 4s.1926
1st consol 4a
1951
New HAD See N Y N H A 11
N J Juno Rli See N Y Cent
Sew
OAN
A Cm
E prior
BdgelieuSeeg 0s
Lou«1016
AN
82
95
85
Deben g 4s
1934 M
Lake Shore coll g 3 taw. 1998 F
1908 F
g34»....1998 F
Registered
1938 F
Beech Creek 1st gu g 4s. 1986 J • J
Registered
19361J - J
2d gu gold 6s
1936 J • J
Mich Cent ooU
Beech Cr EH t 1st
v
102 4 Jan ’07
82
Apr *07
102 4 102 4
82
87 4
34a519511A
Sale
Sale
94
94-4 10S
934 Apr’07
94 4
97
8 44
85
”””
S3 4
84 4
94 4 Sale
•92
1997 J
Registered
84 4
117\
1134 110
A-C>
N Y Bklu A Man Ben See L 1
N Y Cent* li Ulvg 34s.1997 J
Registered
...
116
110 4 Apr’07
1 IS3* Mar’07
1194 Feb’06
117*4 Mar’06
113
J’ly’04
Vi
....
4
S3 4
1004 102
Apr ’07
12'
84 4
844
102 4
844 Jan V7
102
Feb 4)7
102
Iron
FA
FA
M-N
Coal
A coll
lata6at 4s... 1934
1940
gioarl
ol Indu
Bit1st
J-J
FA
FA
J -IH
gn..
Cont.in’tolC lat
s
t gu
5a g.1952
iett
Clwtr
I 1 st
LanA
a t gr 6s.
5a. 1920
AJI
C AO CAlat
1951
Pleas Vnl Coal let g s f 5s. 1928
1944
Sunday Creea Co g 6s
Tenn Coal gen 6s
....1951
l'Nin Div 1st g 6s
al917
Birin I)iv 1st consol 0H..1917
Call C M Co Ini gu g 6s. 11*22
l)e Bar O A l Co gu g 0a. 1910
Va Tron Coal A Co 1st g 68.1949
Victor Fuel 1st
•No price
s
f 6s
1953
A-O
J-J
J-J
J-J
J-J
AO
J-J
J -D
FA
MS
J-J
Mar’07 1!••••
95
87
Apr\>7
1004!
87
4 Oct ’(>4
\ Apr’Ou
Apr’02
69** '
64
4 Dec’04
Mh> ’97
4 Dec ’06
Oct ’00
Feb’07
04
034 9 b\
103 4 104nb lod 4 9 an ’o7
105
105 4
Apr ’07
Dec’03
jU*2
Feb’07
loo
ib'04
93
92
92 4
03 4 9441 03 4 Feb’07
*
i1
1
.
"
*
*
7*S** *78*4
95
!»3
100 4
104 4 100 4
1 IM*> 4
|
ioy;
1(H*
00
93 4
100
08
93 4
1014 Dec’06
•
Nov’9T
1104 Apr’07
113*4 Jan’02
....
*94
*106
8*16
J-D
0‘
lbo^ 102
A-O
J-J
J-J
14
81
Deo’00
104
1023a
102°a
124
98 4
I"’”
9734 Sai©
Sep ’06
129
130j4 Feb'06
1274 Oct ’06
07 4
93
05
101=8 Sale
72
70
70
Dal Short L lstgu 5s.. 1910 M-S
C BA o coLl tr 4s
Sec Gt Nor
St P A N P gen g 6s
1923 F-A
09
St Paul-Dul Div g 4s
964
1996 J-D
Registered
eertitic’s.. 1923
St Paul A Dul 1st 5s....1931
2d 5s
1917
1st consol gold 4s
1968
Wash Cent 1st g4s
1948
Nor Pac Ter Co 1st g 6s.. 1933
Nor Ry Cal See So Pac
Nor Wis See C St P M A O
Nor A Mont See N Y Cent
O-F
1*09*4 .*”!”
K-A
AO
J-D
liu
96
<^-M
J-J
10041034
Apr’07
9534 Jan *07
120
132
113
1014
95
*18 12*6** i*30**
102V
101=8
70
sale
94%
1014105
t
8S4
884
1094 Feb’05
98 4 Apr '07
42047 Vi-F
Registered
O-F
8
-J
Feb’06
MaEuT
714
(j. j
924
100
103%
1024 109%
...9
104
126
99
••«•«*
--
Feb’Ot
100
95 4
100=4 100%
10
97
97s
lol 4 J’ne’Ob
88*4 Sale
-
—-
....
1024
99
gold3s....a2047
92
....
101
99
714 Salt
1997
Registered
94
99%
924
‘
1184 J’ly’06
119
J’ne’06
1004 Jan ’07
1064 Not’OO
94 4 Dec'06
92 4
92 4
101*g
1(*2 4 Mar’07
1044
1044
128
F. \
9*1* ** biij
94 4
Mar’07
054
95 4
104
92 4 Sale
M-N
95
**
J
M-S
-.»«»
95
05
....
107 4 Nov’06
139
Jan’03
1184
110
1013*
112
9
Feb’07
Feb’07
Jan’06
125 4 Mar’06
120
.1
95
95
122
......
Oct*’05
94 4
92 4
ibi
1
4
1034 Aug’06
98
94
93
04
115
1104114*’
....
-
Pocah C A C Joint 4s.. 1941 J-D
C C A T 1st gu g 5s
1922 J-J
Scio V A N E lstgu g4s 1989 M-N
North Illinois See Chi A N W
North Ohio See L Erie A W
Nor Pac—Prior lien g 4s.. 1997 Q J
General lieu
1104111
...
137
Vl6‘4
New River 1st g 6a.*....1932 A-O
N A W Ry 1st con g 4s. 1996 A-O
Registered;
1996 A-O
Div’l 1st 1A gen g4s... 1944 J-J
Mar’07
J’ly’99
41
974
994
1 96
85
90 4
Vi !
914
| 98 99 4
i;o uoo
1024
0S1-' 102
60 >4
74 4
70
71
Ji
95=4
120
120
....
954
i
Mar’OO
108=4 Feb’U7
98 4 Oct ’06
93
May’do
108*4 1034
....
•ii 113 =8
i ’l 3 4
Ill
113=8
100=*
107
Mar’07
I LOT
109
103
1004 103
103
103
J’ly’06
Apr’07
lOL
103
113=8
Oind A W See C C C A St L
liio Riv RR See Salt A O
Ore A Cai See So Pac Co
Ore R R A N av See U n Pao
Ore Short Line
See Un Pao
See NYC
O C FA St P See C A N W
►ao Coast Co 1st g 5s.... 1946 J-D
ao of Missouri
See Mo Pac
Panama 1st s fund g4 4s..1917
Peun RR 1st real est g4s. 1923
Consol gold 5s
1919
Consol gold 4s
1943
Convert!ble g 3 4s.
l.'ll!
Convertible g 3 4s
1915
Alleg Vai gen gu g 4s... 1942
D R R R A Bge 1st gu is g.’30>
Pinla Bill A \V 1st g 4s..1943
Sod Buy A So 1st g 5s... 1924
Sun A Lewis 1st g 4s...1936
li N .1 RR A Can gen 4s. D*44
Penn Co—Guar 1st g 4 4s. 1921
Registered
1021
Guar 3 4s coll trust reg. 1037
Guar 3 ta coll tr ser B...1941
Tr Co certif’s gu g 3 4s.l9i6
Gu 3 *•_s tr ctfs «’
194
(i a 3 k s tr ells 1)
l <44
Guar 15-25 y ar g 4s
193 Ij A
Cl A .Mar 1st gu g 4 4s.. L933;'VI
Cl A Pgengu g 4 As ser A. *42 j J
i
19421A
on
1948 M
99
1114 Sep ’04
*
95\ Sale
93:*b Sale
99
100
Aug’00
94 4
904
4
U*7 4
Oct’ih
1U2
Jan’00
i*1(5*4 Sep
1054 Sal©
ijj
105 4
’o *
10‘-3s
105»* Feb’07
904 J’ne’Od
M7
4i|l 05
i!10334 105^
.
00
Oct ’06
95
Apr *07
Oct ’0*5
89
90 4 Mar’06
5*7 4 Jim ’01
110
Jan ’05
05
96
97 4
97 4
80 4
•.
IOS4 Aug’03
lOti's
loJ-V
90
;
00*4 109 4
95
03 S. 3oljj 88 4
104 4 Oct ’05
02*4
9 74
102
195u| F
984 Dec ’05
96
Jan 04
Next Page
l'elegrnpli uud iViephoiu* ;
Am Teiop A Tel coll tr 4s 1929 J-J
Comm Cable Co 1st g 4s..2397- Q- J
Met T A T 1st s r g 5s
1918; M-N
Mich. State Telep. 1st 5s 1924: FA
N \ A N J Tet gen g 6s.,1920j tVI- N
West U niou col tr cur 5s. 1938 J-J
Ed and real est g 4 4s.., 1950 M-N
Mut Un'l'el s tuiut Os... 1911 M-N
NortliW Tel gu t 4 4s g.. 1934 J-J
86 V SaJ©
I 024
90 V
105
101
804
664
90 4 J’ne’th*
104
Feb’07
Feb ’07
97
it*5 4 J ly ’03
1014
102 4
99
104
103
99
Apr’07
1
0
H'4
93
104
; 08
......
..
14 II004 1* V4
1004
1 | 95
104
iiOI
J’lr ’04
.UanutuciurinK A' ludustriul
Am Cot Oil ext 44s
Am lime,v ii lsi s 1 g Os..
Amor Ice Scour deb g 6s..
Am Spirits Mig
g
Am 1‘liread 1st col tr 4a...
Am Tobacco 40-yrg 6s
4s
1st
*
Friday; latest bid and naked. # Due Jan b Due Feb cDue.nar
76V
U
Improvem’t A ext g 6s..1934
—Continued
.LISCKLi VMiOl >
Coni nud
110 4 Apr’07
97
33
gu...2361
2361
Series B
Series C 04s
Series 1 > 3 4s
Mar’04
O
Gol F A 1 Co gen s f g 6s..1943
Convertible deb g 5a
1911
Col Fuel Co geu gold tia.iulo
Gr Riv Coal A C lHtg0al919
1014 J’ly ’06
M-S
11*37
Oswego A Rome
Monongahela Riv See B A O
Mont Cent See St P M A M
Mdrrls A Essex See Del LAW
.
Oct ’02
1104
N Y A Green w Lake See Erie
N Y A Har See N Y C A Hud
N Y Lack A W See D L A W
See Erie
N Y L E A W
‘
N Y A Long Br See Cent of N J
York
Hav
New
New
A Hart—
113
Housatonio R oon g 6s..1937 M-N
•1154
N H A Derby con oy 5s.l91s M-N
N Y A North See N Y C A H
N Y O A W ref 1st g 48..grl99: M-S
044
Regis $5,000 only
pl992 M-S
N Y A Put See NYOAH
N Y A R B See Long Island
N Y S A W See Erie
N Y Tex A M
See 80 Pac Co
Nor A South 1st g be
1941 M-N 126'*
Norf A West gen g Os
1931 M-N
10a
107
iu4
120
118
lb 100 4 105
Mar’07
T
*9*7*4 *974
*”*” **9*7*4 Mar’07
105
M-S
1940
Registered
Apr’07
T.
J L A S 1st g 3 4s
1951
1st g 3 4s ....
1952
Bat C A Star 1st gu g 3s.1989
N Y Cine A St L 1st g4s 1937
May’UO
130
105
118
A-O
J-J
1940
Registered
West Shore 1st 4s
125
-
'r. 7i
1931
Registered
4s
Registered
Minn
Morgan’s La A T
J-D
1928 M-S
58.1938 J J
1997
High
Low
....
9734
j-j
January 1
No
High
’
FA
M-N
Rivgug4a.1922
Since
.0
103»b
M-S
Debenture g 4s
Ka A AG R 1st gu c
Mahon C’l Rli 1st 5s..1934
Pitts A L Erie 2d g 5s.al02K
Pitts McK A Y 1st gu 08.1932
2d guar 6a
1934
.McKees A B V 1st g 6s 1918
Mich Cent 1st consol 6a.1909
5s
1931
10941004
32
J-D
Range
®
Last Sals
Ask Low
Bid
gold 34a.... 1997 J-D
Registered
904 J’ly’ui
.
Mex Infcernnt 1st con g 4a.1977 3
Mex North 1st gold 6s
1910 .
Mioh Gent Sea N Y Cent
Mid of H J See Erie
MU L S A W See Chic A N W
MU A North See Ch M A St P
Minn A St L lat gold 7s..1927
Iowa Ex 1st gold 7s
1909
Pacific Kx 1st gold 0b...1921 j
South West Kx 1st g 7s.l910 ,
lat conaol gold 6s
1934 3
lat and refund gold 4s.. 1949 l
Lea M A Ft D lat gu 4a...’36
Minn A St L gu BeeB ORAN
2d extended gold 5s...1938
8t L lr M A Sgen con g 5sl931
Gen con stamp gtd g os 1931
Unified A ret gold 4s.. 1929
RlV AG Div 1st g 4s.. 1933
Verdi V I A NV 1st g 6S.192C
Mob J A K C 1st cons g 58.1963
Mob A Ohio new gold 6s..1927
1st extension gold 6s..hl927
General gold 4s
1938
Montgom Div 1st g 5a..1947
St L A Cairo coll g 4a..<1980
Guaranteed g4s
1931
MAO coll 4s See Southern
Mohawk A M al See N V C A H
Utica A Blk
Lake Shore
ii‘i‘‘ ii‘2"
Apr’07
1734 Apr’o7
.
974
113 4 113 4
’0*7
814
724
Week’s
Range or
J-D
M-N
A-O
X Y A North 1st g
N* Y A Pu 1st con gu g 4s 1993 A-O
Mont
1st
Nor A
gu g 6s.1916 AO
Pine Croex reg guar 6a. 1932 J-O
R WA Ocon lstext5s.A1922 A-O
Oswe A R 2d gu g 6a...<1915 F-A
KWAOTiUst gug 6a. 1918 M-N
1
Rutland 1st con g 4 4a..1941 1
OgALCham lstgu4a gl94S J-J
Rut-Oauad 1st gug 4s. 1940 J-J
St Law A Adir lat g 5s. 1990 J - J
20 gold Os
1990 A -O
120
Fries
Friday
May i
2000
5a... 1927
Registered
i’2’54
95 4
1034
81
23
.
M8tPA88Mcong4intgu’38
M S 8 M A A lat g 4 lnt gu 1926
2
99 3<
Apr’06
9934
.
1919
Jan
104
i034 Sale
,
724
1094 Apr’07
97
May’06
101
100
i
Metrepol El lot g 6b
1908
McK’pt A B V See N Y Cent
Metropolitan El See Man Ry
MexCent consol gold 4a.. 1911
120
108
J’ly ’06
87 4 Apr’07
1184 Mar’07
112
:
Mahon
CoalBySea
LSAMS t
anhattan
oonsol4s.l99(>
Equip A coil gold 5s
Max’05
110 J’ly’uG
1084 Jan ’00
974
97 4
95 4
3
1st consol income g 3a.al939
2d ooneollncome g 3s..al939
High
N. Y. STOCK EXCHANGE
Wskk Ekdiko May 3
122 4 Mar'06
.
1990
Apr’07
1254 1264
Mender Bdgelatafg6s. 1931 !
Registered
Dec’05
Mar’07
96
96-
109
gold 6a
Kentucky Cent gold 4a.. 1987
L&N&M&Mlstg4 4s 1945
LAN-South M joint4a. 1952
N Fla & S 1st gu g 6s... 1937
NdfeC Beige gen gug 4 4s 1945
Pens <fe Atl 1st gu g 08.. 1921
SAN Ala con gu g 5s.. 1930
L A Jell Bdge Oo gu g 4s..1945
L N A A Oh See C I A L
Low
116
108
10
97
107
106=4
1930 ,
Pensacola Dlv geld6a...1920 I
St Ii Dir 1st gold 6a
1921 I
2d. gold 3a
1980 f
Atl Knox * Nor 1st g5sl946 .
N O 4s M 2d
High Jfo
deh Low
Mid
S-S
1915 Q-F
1919 Vi- s
A-O
MS
i919| J-J
19441 AO
1951 F-A
1926,
Os.. 1915
87 4
91
87 4
So
83
91
99
91=4
100 4,8‘ale
73 4 ''ale
U Due Apr h i>ue J’ly * into .vug o Due oe* p
99
92
100
78 4
Apr’07
Apr’07
83
100
92
....
8
wo
36
93
83
98
89
H'2
93
1
90
10
303 104
106=4
104|
74
914
'4 LO^
7WN
71 y,
Da# Nor <; l)u« LH*# * Option
New York Bond Record—Concluded—Page3
1012
[Yol.
4
lxxxiv.
co
BONDS
Wm*9
Range or
Last bale
Price
lYiday
1May 3
STOCK EXCHANGE
wkee endixo mat 3
A. Y.
Senes C
1940 j.
Gr R & l ex let gu g41as 1941 j.
Pitta Ft W A C Ut 7*...1912 j.
2d7«
1912 j
3d 7a
*1912 A
Pitta Y<fe Aah 1st con 6a. 192/ M,
PCC& St Lgu4ka A...1940 A.
Senes B guar
1942 A
Senes O guar
1942 M.
Series I) 4s guar
194o jj
Senes E 3 k guar g
1949 p.
Series F 4s guar
1963 j.
C St L A P 1st con g 58.1932 A.
Pensacola dt Atl bee L<fc Nash
Peo A East See O O C <fc St L
Poo A Pelt Un 1st g 6s
1921 q,
2a gold 4*08
61921
Pere Marq—Oh Jb W M 6a 1921 j,
Flint & PM g6a
1920 A.
1st consol gold 6a
1919 m
Pt Huron Div 1st g 5a.1939 a.
92
Since
a
January 1
High
92
Low
92
Apr’07
984 Apr ’04
Sep’00
1274 Oct ’02
108
106 k
1073e 108*4
119
J’ne’06
119
Apr’04
116
May’05
108 4 Oct ’06
1144
1094 109 4
91
Feb’07
98
91
116
Mar'07
116
1004
116 4
91
1104113
984
L09
Apr’02
115
Jan’07
106 4
115
115
1004 100*4
Sep'06
1st gug 48.1931 p,
PhUB A W Be* Penn BB
Phils 4b Beading oona7s.l911
Pitts Cin A St L See Penn Co
Pitta Cl ere A Tol tie* B A O
Pitta Ft W A Ch See Penn Co
Pitta MoKees AY fi«NY Cen
Pitta Sli A L K 1st g 6s... 1940
1st 00nsol gold 6a
1943
Pitta & West ««BAO
1>ending Co gen g 4s
1997
Xa> Registered
1997
Jersey Cent coll g
1154 Mar’06
1 d
120
98
974 Sale
96 4
93
4s...1951
Mar’06
J’ly’97
964
974 100
1004 J’ne’O0
94
94
944
984
92*4
96 4
Rensselaer A Bar bee D4H
Rich A Dan bee South By
Rieh&Meck bee Southern
Bio Gr West See Den A Rio Gi
Roch 4b Pitta bee B R A P
Rome Wat A Og bee N Y Cent
Rutland bee JS Y Cent
oag Tus A H
See Pere Marq
General guld 68
1931
General gold 6s
1931
St L 4b S F RR oona g 4s..’96
Sontbw Div 1st g 6a..1947
Refunding g 4s
1951
5*year gold notes 4 k.. 1908
StLM & So East gu 4 4 g 1909
K C Ft S A M cong 0s..1928
K C Ft S & M Ry ref g 4a 1936
K CAMR&B let gu 68.1929
Oz’rk A Cli C 1st gu 5a g.1913
St Louis 80 bee Illinois Cent
St L S W let g 4a bd ctfa.1989
2d g 4a lno bond ctfs...pl989
Conaol gold 4a
1932
j.j
j.j
j. j
j.j
j_d
A.o
j.j
j.j
j.j
j.j
m-N
j.d
Is....
gold 5s
864
1937 j.j
1937 j.j
Will« S F 1st gold 6a.. 1936 j-D
St P 4b Nor Pao bee Nor Pac
St P 4b S’x City See OStPMAO
SA4fc A Pass 1st gug 4a... 1943
S Pc Pies A Ph 1st g 6a...1942
8 F 4b N P 1st sink f g 6s. 1919
Bar F 4b West
bee Atl Coast L
Scioto Val A N B bee Nor 4b W
Seaboard Air Line g 4s ...1950
Coll tr refund g 6s
1911
Atl-Birm 30-yrlst g 4s.«1933
Car Cent 1st oon g 4s...1949
Fla Cen <& Pen 1st g 6s. 1918
1st land gr ext g 5a...1930
Consol gold oa
1943
Ga 4b Ala Ry 1st oon 5sol945
Ga Car A No 1st gu g 5s 1929
Beab A Roa let 6s
1926
Sher Shr A So bee M K A T
811 Sp Ooa A G bee Atl Coast L
80 Car A Ga bee Southern
Registered
Mort guar
Gila VG&N let gug 58.1924
Houe K & W T let g 6e.l933
1933
H A TClatg5eintgu..l937
Ooneol g 6e int guar...1912
Gen ROld 4s int guar..1921
let guar
5e red
924
90
97
924
82
7038 Salo
80
804
92 4
80
76 4
66
774
17
824
119
119
784
82*4
97 4
974
92
79 4
73
92 k
Apr’07
76 4
1014 Apr’07
103
Apr’ft7
95
83
79
cl910
let gold 6a
1912
let con guar g 5a
1937
S Pacof N Mex 1st g 6a..1911
So Pac Coast latgu4a g.1937
Tex ANOSabDivlat g6a.l912
Con gold 5a
So Pac RR 1st ref 4s
Southern—1st con g 5a
1943
J-J
J-J
1994
J-J
J.J
M-S
J-J
J-J
J-J
J-J
J-J
A-0
J-J
1955
97 4 1004
1004 Oct ’Oti
100
100 4 Dec’06
1174
124
May’05
130
129
Apr’07
130
1314
Apr'07
112
112
1304 May’06
112
114
112
1935
5s...1935
1935
Kan & M lat gu g 4a....1990
Tol P A W lat gold 4a....1917
Tol St LA W pr lien g 3 4a. 1925
1950
4a.£1946
Ulster A Del lat con g 5a 1928
1952
4a ...1947
Ore Ry
J.J
86
u-g
j_ j
A-0
M-N
Sale
106
110
97
98
106 4108*4
75
994
97
88
10
16
Jan’07
964 Mar’06
j-j
J.J
j.j
87
oct ’05
744
744
M-S
73 4 82*4
97
1004
88
89
1074 Aug’06
J.J
j.j
108
J•j
j. j
109 4
106
110
106
Mar’06
Mar’07
Jan’05
Mar’07
106
1074
100
106
F-A
F-A
J-D
84
103
90
95
100*8
904
Dec’Ot)
Jan’O
99
99
84
Apr’07
82 4
94
104
984 Feb’07
103 4
103 4
084
80
984
110
Nov’06
109
106 4 J’ly’06
107 4 Feb’On
Sale
1074
96k
1114 Jan ’07
93
109 4
1114
111
112
944
92
92
92
106 4
10 103
1024
10141U7 4 104
Aug’06
1114
1114
U14
108 4
91
85
88
90
96
99
89 4
88
116
Dec’06
109 4 Feb’06
Waco A N W div let g 0e ’30
A A N W 1st gu g 68....1941 J-J
il2
1.2
98
107 k Feb’07
104
Sep ’06
115
90 k
7
bti
115
92
....
•
.
Jan’07
8
117
111k113
L
...
^
.
06ibTk
J
.
17 107
111
3 107
no
94*4 96 k
1 108 k 109**
.
.
92
110
108
108k
112 k 117
93 k 94
...
115 k
115k
4
114
ll&k
111
ill
Nov’06
Mar’06
Nov’04
Apr’07
111
May’04
102 k Mar’07
100 k
111
....
....
91k
91k
102k102 k
90*4 97
2
80
Apr’07
Mar’07
85
80
...
Apr’O/
89
87 k
82
DeC’Oo
no
no
Mar’07
Sep ’06
10 2 k 127
99*8 102 k
93
101k
Apr’07
5
98
k
u8k
97*8 99 k
99*4
5 117*« 120
119k
119k
111*9
93
1
J’ly ’00
80
85*4 86k 85
80
79
80
95
90k 93
110
108k 112
•
93
93
102
102
Sale
99
99
119
2
....
108
Jan’07
113 k 112 k Apr’07
93 k Jan ’07
94
111
Deo’06
101
91 *9 Sale
80
83
110 k114
00
69 k
117k 119*4
110
118*4
....
.
111
112*. 113*8
115
117*4
....
107
107
96k Jan ’07
108 k
110k 108 k
108
94*4
-
111
107
107
110k
94
116
J’ne’06
100
Mar’07
112
Oct’06
108 k Dec’O0
113
Dec’05
90
95
108*4 113*4
....
117*a Apr’07
117*4
117*4
115*8 Apr’06
96
Oct ’05
112 k
112 k
112*4 Jau ’06
98
Feb’05
103*9
112*8
116
57
32
115
115
110*4 110*9 Mar’07
112*8
115
105
Jan ’06
J’ue’Oii
i 1G
107 k 107 k
....
'94
107
103*8 104
....
110^
Nov’06
80 k
Mar’07
Mar’07
107
Feb’07
113*6 Mar’07
101
108
103
105
107
107
10
111
105
J-D
Mai
J.J
F-A
J-J
A-O
J-D
A-0
J-J
J-J
A-0
J-D
J-D
A-O
J-J
J-J
J-D
F-A
J-J
J-D
J-D
J-J
bee South Ry
58.2003
1939
1939
Debenture aeries A
1939
Certificates of deposit....
Series B
1939
Certificates of deposit....
lat lien equip a fdg5s..l921
lat lien 50 yr g term 4a.1954
Interim ctfs 50-yr 4a
Det A Ch Ext 1st g 5s..1941
Des Moln Div 1st g 4s..1939
Om Div 1st g 34s
1941
Tol A Ch Div 1st g 4s... 1941
St Chas Bridge 1st g 6s. 1908
Wab Pitts Term 1st g 4s. 1954
gold 4s
1954
Warren See Del Lac A West
Wash Cent bee Nor Pac
Wash O A W
bee Southern
West Maryland lat g4a...1952
Gen A conv g 4a
1952
W Va Cent A P 1st g 6s 1911
WeatN YA Pa lat g os..1937
Gen
Feb’iG
Mar’07
m
w
Sale
......
102k
106*4
......
Apr’O 1
93
87*4 Mar’o7
103k Feb’07
112
92 k
110
87*4
103
114
94*4
07 34
103 k
J’ne’06
FA
J-J
L027e Fob’06
J-J
no
100
Mai’07
114
109*4 Salo 109*8
112
101
101 k
folk 101k
95
Nov’06
80
98
111
88
'3*2
Sep’00
bee Mo P
Wabash
1st5agold 5s
2d goid
2d
96 4
A-0
F-A
M-N
M-N
M-N
M-N
J-J
A-O
A-0
M-N
85*4
86
106 4 Feb’07
81
91
116*4
117*4 sale
100
era
Virginia Mid
11
High
1
Nov’06
68
J.J
4a ....1955
Vandalia
Cruzconsol
APlatg gu44al934
Ver Val Ind A W
1154Dec’U6
107
112
114*9
A-O
Registered
1947
A Nav con g 4a.1946
Ore Short Line latg6s.. 1922
lat consol g 5a
1946
Guar refund 4s
1929
Registered
1929
Utah A Nor lat 7a
1908
Gold 6a
1926 j.j
Uni N J RR A C Co bee Pa RR
Utah Central bee Rio Gr Wes
Utah A North bee Un Pacific
Utica A Black R bee N Y Cent
LO041O74
Low
114
89
115
92
113
96
92
90
F-A
103
131
107*8 108 4
Apr’o7
WMinWAN Wlatgu5a’30
60-year gold 4a
High So
Sep ’06
93\
110*4
89
89
1L0
M-N
M-S
A-0
j.j
J-J
J-J
J-J
J-J
A-0
M-N
M-N
M-S
M-S
M-S
M-N
M-N
F-A
J.J
lat refund g 4a
Un Pac RR A 1 gr g
105 «8
131
•
J.J
1st con gold 5s
1894-1944
Gen refund s I g 48
1953
St L M Bge Ter gu g 5a.l930
Tex A N O
See So Pac Co
Tex A Pac 1st gold 5s
2000
2d gold inc 5s
?2000
La Div B L 1st g 5a
1931
104
93 k Sale
110k sale
stamped
1936
W O A W 1st cy gu 4s..1924
West N C 1st con g 6s. .1914
SAN Ala bee LAN
Spok Foils A Nor 1st g 6s. 1939, J-J
'Per A of St L 1st g 44s.. 1939 A-O
Tor Ham & Bud lat g
January 1
107
Apr’07
114k Dec’04
116
116
104
Mar’07
1945
gold 5a
Since
.0
107*2
A-0
A-0
M-N •110
102*9.......
J-J
J-J
106
M-S
Rich A Dan con g 6s....1915
Deb 5s stamped
1927
Rich A Meek 1st g 4s...1948
So Car A Ga 1st g 5s....1919
Virginia Mid ser C 6s...1916
Series D 4-5s
1921
Series K 5s
1926
1930
General 5s
General
Range
§
104 Ki 1 u43o
1994
Tol A O C lat g 6a
Western Div lat g
Atk Lore
127
116
112
101*4 101
or
102k
J-J
Mob A Ohio coll tr g 4a..1938
Mem Div 1st g 44-5a...1996
St Louis div 1st g 4a....1951
Ala Cen R 1st g oa
1918
Atl A Danv 1st g 4s
1948
1948
2d 4a
Atl A Yad 1st g guar 4a. 1949
Col A Greenv let 0a
1916
E T Va A Ga Div g 5a.. 1930
Con 1st gold 6e...
1956
E Ten reor lien g 5a...-..1938
Ga Midland 1st 3e
1946
Ga Pac Ry let g 0s
1922
Knox A Ohio 1st g 0s. ..1926
Mob A Blr prior lien g 6s 1945
Mortgage gold 4s
Range
HU
lU3k 1034
10141014
Dec’00
1074
1074
1164 Apr’01
107 4 Mar’07
100
99
110 4
93
91
97 4 Feb’07
134
1044
107
J an'07
102*4 105 4 103
131
1294
1074 109
12341234
Last Sale
Apr’07
Va A Southw’t lat gu
J-D
£1949 J-D
4a 1949
1949
gold34s..£1929
Through St L let gu 4e ’54
Gal Har A 8 A let g6e..1910
Mex A Pao let g 5s....1931
Cent Pac 1st ref gu g
119
80
804 Sale
South ern Paciflo Co—
Gold 4a (Cent Pao coll).kl949
Registered
123 4 Apr’07
1084 Apr’07
91
Feb’07
102 4 Aug’05
814
814
814
98
Nov’00
j .d
E Minn 1st dir 1st g 6a..1908 a-0
Nor Dir 1st gold
1948 a-0
Mum Onion 1st g 0s
1922 j.j
MontC 1st gu g 0s
1937 j.j
1st guar
109 4
A.o
a.q
m-N
91
IVidav
Hay 3
104k Feb’07
JL
j.q
j.d
M.|<
a.q
90
dais
j.j
193? j.d
Registered.
90
A.o
Gray’s Pt Ter 1st gug 5a 1947
St Paul 4b Dul beeiior Paolfic
St Paul M 4b Man 2d 6s...1909
lstoousol gold 6s
1933
Registered
1933
Reduced to gold 4kB-.1933
Registered.
1933
1910
Dakota ext gold 6s
Mont ext 1st gold 4s
1937
Registered
-
Guar
IJtJoi&Ur Isi 1st g 4s...1947 j.j
8t L A Cairo See Mob A Ohio
St L 4b Iron Mount bee M P
St L K C 4b N bee Wabash
St L M Br bee T RR A of St L
St Louis A San Francisco—
v
Week's
Bid
Co—(Continued)
117
Morgan’s La A T let 7s.1918 A-O 11L
1st goid 68
1920 J-J
No of Cal guar g5a
1938 A-O
Ore A Cal 1st guar g 5s. 1927 J-J
102
So P of Ar gu letg 6e...cl909 J-J
Registered
1004 Apr’07
W
Price
Southern Pac
l8tg6aseries E& F...1912
1094 Feb’07
112 4 J’ne'05
1234 Jan’06
100*4 Dec’06
104 4
N. Y. STOCK EXCHANGE
Wkkk Ending Mat 3
1st guar g 6s
So Pacific of Cal—
1004 Mar’O?
Jj.
Sag Tua 4» H
o
BONDS
Range
Hiatt So
At A Lore
Bid
92
Co—{Continued.)
Erie A Pitta gu g 3 ka B. 1940
*»enn
S78
goid 3-4s
1943
M-N
F-A
J-J
jVj
M-S
102
J-J
67
Sale
io87s no
J-J
J-J
A-O
M-S
A-O
J-D
J-D
A-O
A-O
J -J
J-J
A-O
Nov
(41943
bee South Ry
Wheel’g A L E lat g 5s... 1926 A-O
Wheel Div lat gold 5a.. 1928 J-J
Exten A imp gold os...1930 F-A
1949 M-S
RR 1st consol 4s
20-year equip s f os ...1922 j.j
Wilkes A East bee Erie
Wil A Sioux F See St P M A M
Wis Ceut 50-yr 1st gen 4s. 194 J.J
Income 5s
West No Car
09 *4 Sale
07*4
•
75*4
24*9 Salo
757. Sale
60
il4kil5
90
sals
69 k
Apr’07
69*4
65
102
93
65
109
Apr’07
97
80
93
Nov’04
Feb’07
Lec’Ob
J.OO
Apr’07
75 v
106
lllk
21 109 k 114
99
2
101k
20
Mar’07
Max’Ob
67k 439
75*4
24
24
75 7,
75 \
54
55 k
106 k Aug’O
114 k
114 k
90
90 k
Feb’07
34
01k
..
83
Sale
.88
99*4 Sale
99
83
54
107
80
106
0/7‘k
109
80 k
io*2
13
27
69 k
20
80
2
21
74
54
82k
2
13
108
Apr’07
110
Dec’06
It 1 Uj Ang’05
87 k Jan ’oT
102*4 Dec’05
105
57
76k
57 k 75
•101 ' 102"
7
32 k
68
111 k
90
34
H5k
108
108
«J3k
34
87 k
87 k
36
89
1UIMJEL.LANKOUS BON DS—Concluded.
Hnuufncturing Ac lmluMtrinl
Beth Steel 1st ext af 5b.. 1926
[lent Leather 20-year g 6s. 1925
Uousol Tobacco 50-yr g 4s. 1951
Uiatil Sec Cor conv 1st g os.’27
Int Paper Co 1st oon g 08.1918
Consol conv a f g 5s
1935
Int St Pump 10-yr conv. 6a T3
.Miscellaneous
j.j
A-O
F-A
A-O
F-A
J.J
J.J
Knicker Ice (Chic) 1st g 5s.’28 A-O
Lackaw Steel 1st g 6s
1923 A-O
Nat Starch MfgCo 1 at g 0s 1920 M-N
Nat Starch Co a f deb 5a..l926 J-J
Repub IA S latifc coltr os. 1934 A-O
U s Leatli Co a 1 deb g6s..l913 M-N
U S Realty A I conv deb g 5s *24 J-J
U S steel Corp—( coup .41963 M-N
8f 10-60 yr 5s. ( reg ..41963 M-N
Va-C*r C’hem col ir 5a g..ll>12 A-O
Westuivhouse K<fc M at6s ’31 J J
No
96 k Sale
73
74 k
84*4 Sale
105
89
100
96
96
Aug’06
9d k
73
73 k
84 k
k
83*4
Sale
90
105
Sale
100
100
90
100
90
50
93
2
72
67 82
103
13
88
1
10
99
k
79
k 90
k 108 k
k 92
97k 106
97 k Oct ’05
100
82k
Sale
87k
91
l«>2k
85
87 k
97
Sale
y7
97
93 k Sale
93k
10O
82
Jan’07
70
Apr’07
96
Apr’07
102*4
102*4
98
Api’O?
price Friday; latest bid and asked this week,
94
94 k 102
82 k
82
7o
70
97
95
i 102*4 106 k
M-S
Ambki&Imp5s
100*4 J’no’02
F-A
41
101
70
J-J
AO
A-0
F-A
M-N
Int Mercan Marine 4 4»..1922
Int Navigation 1st sf os. 1922
Man Beil
L gen g 4s..1940
Newi) Ne Ship A D D 5s 41990 J-J
N Y Dock 50-yr 1st g 4s.. 1951 F-A
Provident Loan Soc 4ka. 1921 MS
St Joseph Stk Yds 1st 4 ks. 1930 J-J
St L
99
37
...
97
99
Co lstg4ks5-20 year.. 1917 J-D
S Yuba Wat Co oon g 6s.. 1923 J-J
Sp Vai Wat Works 1st 08.1906 M-S
93*4
97 k
31
a Due Jan
U S Red A Ref lat a f ir 6a.
6 Due Feb
12
98*4 103
Oct ’06
101
Mar’u7
Sep ’06
70
70k
85** Sale
70*8
70*t
4
85
5u
86*4
Feb’02
25
93
93
99
Apr’07
May'06
100kSep ’05
....
101
70
85
70*8
80*4
92
95
'
}
....
TerCuppieaStat’ncfr Prop
95
99 k
99 k
M-N
80
93 k
94 k
80
96k
96*8
97
93 k
21
5
99*4 516
86
g4s
1948
N'eeCentNJ
Am SSCoof W Va g 5s
1920
B’kl’n FerryCo lat cona g os ’48
Chic Jctfc St Yard col g 5s. 1915
DetM A M Id ar incomes.. 19-11
Adams Ex col tr
1931
11‘i
97
Sale
d Due Apr sDue May y Due J’ne h Due
J’ly ’04
L13k J’ly’Oo
93*4
90
17»J 90
95
J’ly p Due Nov sOntion Sato
1
CHICAGO STOCK EXCHANGE—Stock
Record—Daily, Weekly and Yearly
J
SI OCRS—HIGHEST AND LOWEST SALE PRICES
April 30
April 29
April 27
Thursday
May 2
Wednesday
Tuesday
Monday
Saturday
May 1
CHICAGO STOCK
EXCHANGE
Friday
May 3
Range tor Year
Sales
o/ the
Week
STOCKS
Jiange for Prsrtotis
Year(1906)
1907
Share*
lA>ive*t
Lowest
Highest
■%
Highest
ttnilroada
•180
200
5
*4
*14
164
17 V 18
17V
6
16
16
•15
*
64
54
86
85
848*
26
26
•24
*
6f>
65
37
•35
40
22
22
22
♦
68
68
83
83
*81
294 *28 4 29V
98
984 984
31V •29
314
*4
174
•4
*4
*14
17
*4
*144
63
84 4
*24
[
*15
•62
84<4
•24
•62
86
22
•
*80
•284
98
314
200
5
1874187 4 *180
200
5
•144 16
•180
5
*4
164
17V
4V
15 4
53 4
*134
16V
4 V
15 4
63 V
*36
*21
*
*80
29
98
*28
......
86
•24
85
26
05
36
22
58
83
29
98
31
*
*180
200
*180
200
Chic City By
100
Last b & L £ 4
Mar'07 Clue & Oak Park
100
Lclst bale 15
Do
16
Apr'07
pret
100
17 V Chicago Subway
17 V 17 V
17V
17V
100
4
•4
5
Chic
Union
Tract....
100
Hi
4 V
4=8
*15
16
16
Do
15 4 *15
pref
100
64
K&us City Ky cfc Lt ..100
*524
53 V
85
S6
86
85
85
Do
pret
100
Last jS al b 26
26
Apr’07 Metropol W S Elev.. 100
•64
65
bo
65
65
Do
pref
100
•35
40
*35
40
40
North Chic Street. ...100
*21
*21
22
22
22
Northwestern Elev.. 100
Last Sale 55
58
Do
Apr’07
pref
100
83
Last Sale 814
Apr’07 Smith Side E}ev
100
29
*28 4 29 s
29
‘294 Streets W Stable 0 L100
•97
98
98 4
Do
974
974
pret
100
*28
31
*28
34
34
100
West Ohio street
•
*35
♦21
*
*80
28 4
*65
*28
......
5-.
1,056
600
100
237
627
27
16b
400
500
90
100
Mur 19 205
.rtpr -'I 140
Sep ! 200
5
Jau 2-J
5
Deo I
Marl‘t
7V
Feb 26
Dec! 28 V
10
Apt (> If*
Marl 4 464Jan 2
3':>V J ’ly j 59
L50
4
......
14
15
4
Apr 23
OVApr 3
14
49
83
24
64
34 j
22
68
75
28
90 4
20
Apr 23
Apr 4
Apr b<
19 V 0 JUi 9
J an 16
05
87
Jan 17
28
Jau24
72
Jan 15
45
Apr 4
Apr26
A pr 2 l
264 Jan 26
04 Hi Jau 15
Marl 4
Mai 25
1m)
Mai 25
Slur ]
Jan
Fob 2-
Jan
May
J’lyj 13*4 beb
4
1 'J
4 'I i*>
54 Hi Jan
I
46 V
6
Mat
Hi Feb
-v
93 Ha Feb
8 •
Oct
30
OctJ’n«
25
72 Ha Nov
65 Hi Oct
85
-Mar
25
51 ;n
28 Hi Feb
23 4 J’ly
60
51ay 68 Hi Mar
99
J’n«
89 *a Apr
27
May 35V Nov
97
Dec 102
J’n«
Feb
23
Apr 60
4
34
Jan 16
98 4 Apr 29
35
Apr 3
Marl9
Jan
Jan
Miscellaneous
*6*4
*663i
6V
•5 V
6V
6V
6V
6V
564 504
*55 4 50 4
130
1*30 130 *129 130
130
137
*128
128
128
*128
130V
*74
•74
744 75
744
64
6<iH.
m
130
136
•
•127
74
•104
*35
*36
•100
•60
74V
107 *
37 4
no'
63
*1
*6*4
*40
•130
•105
6
143
41
134
105 4
*
56
*704
0
143
404 40 V
130
130 V
•5*4
6V
60V
„
*40
*35
37 4 •36
no
*106
*50
53
*1
*634
6
*5V
14
6 '
70
72
*71
*110
75
116
Am at*
100
UaiiRtar.
_
100
__
Do
100
100
100
pref
ShipDldg
Do
pref ~
Amftr
Apr ’07
Apr’07
Apr’07
Apr’07
Amer Straw Board
Rootb (A)
Cn
1(MI
Do pref
100
Apr’07 Cal & Clue Canal & D100
Mar’07 Central Trust Bank.. 100
Last sale 52 4
Last Sale 165
Last Sale 16
Last Sale 1
6
6
6
Last Sale 143
40 4 40 H
•40
*126
•125
130
•105
1064 106
*140
143
41
41
40V 404
130
130
130
130
*1054106
10541054 ♦1054 106
123 4 1234 12334
125
127
123
66
54
55
554 56
65V
774
774 774
1144
1144 1144 *114
130
128
sr
63
100
6V American Can
Do
65V
pref
65 V
*
*74
76
74
Last Sale 105
Last Sale 38
Last Sale 34
Last Sale 106
374
110
14
6V
64
56
*
40
•1
•76 4
77V
114 4
77 V
116
*114
•70
•112
IV
*1
122V 123 4
*64
40
*30
*106
•48
14
•140
*35
37 4
*36
•106
no
63
*50
•35
40
m
.
.
Mar’00 Ohioago Auditorium
Mar’07 Chic iJrew’g & Malt’g
6
Do pref
.”
100
Chic Edison
Chic Pneumatio Tool. 100
Chio Telephone
100
Chic Title* Trust... 100
1284
100
127V 129
1264 Diamond Match
66
57
100
564
564 Illinois Brick
Last Sale 32 V
Nov’05 Kmokerbooker Ice... 100
80
Do pret
Feb’06
lot)
Jan ’07 Masonio Temple
Last Sale 4\
La si Sale 24
Jan ’07 Mil & Chic Brew’g
Last Sale 27
Do
Mar’07
.
pref
77V 77V
100
77V 77V
77V
77V National Biscuit
•1L4
115
Do pref
1144114V *114 115
100
*70
*71
77
75
75
•71
National Carbon
100
•no
Last
111
110
Sale
Do pref
Apr’07
100
Last Sale 5 V
May’05 Page Wo Wire Fence....
Last Sale 99 4
’06
People’s
J’ly
Gas L<& C’kelOO
*40
•40*a 42
414 Sears Boebuok com. 100
\40 4 42
90
89 4 90
90
90
Do
*894
100
pref
107
Swift-& Co
100
10641004 106<V 107
106V
161
162
162
172
168 4
173 4 The Quaker Oats Co. 100
101
101
101
102
Do pref
I0l*a 102
100
•2
*2
2
2 4 Unit’d Box Bd & P OolOO
24
2
Do pref
10V 114
11V
11V
11V 11V
100
*25
Last Sale 263$
loo
26
Apr’07 Western Stone
Apr’07
"41
130
106
600
7 V Apr 11
6 J’ne
4V Jar 25
11V Jan
600 48V MarlS 60
61
Apr 10
J’ly 72 Jan
129
Jan
7
80
133
Feb21 115
Noi
Fed 130
10 1 22 lo Mftr28 iJO
Apr 2 4 128 4 Dec 136 Jan
Mar2()
45 63
54
Jan
81
Noi
804 Jan 14
101 W, AnrlO 109
Noi
Jan 7 101
Jan 112
Jan 2 40
17
30
.Mar 28
Feb
31 Hi Deo
A pi 20
40
34
38 4 Feb 1
36
Jun
Feb
Uct 113Hi J’ni
100
Apr 20 111 "Feb S 108
Jau 8
Feb
50
Marl 3 64
56
May 64
Feb27 168 V May 175
Feb 27 105
165
Maj
16
Feb
16 -i Feb
1
Jan 9
1
Mar
1
Mai
1
Jan 9
425
Jan 9
0
Jan 9
6
7
0
Nor
Jan
Mar21 149
Feb
129
Apr 3 136 Ply 165
Feb 8
63
175 40
Marl5 51
48 4 Dec
Feb
139
190 1154Jan 2 134 4 Apr 4 lol
Jan
Apr
120 102 V MarlO 108
Jau 3 103
May 118 Jan
Feb
l,os6 119 4 Jan 24 129 May 2 118 J’ne 147
940 44V Feb 1
67
May 2 41 Hi Sep 7IV Jan
"
46 V Jan 31
2 4 Jan 23
25
Feb 5
263 704 Mar29
80 112
Mar26
25 70
Apr 18
107
40
2
'
86
117V Jan 7
84 V Jau 11
120
90
100
159
*100
43
90
106
169
101
90
106
159
•100
*1138
nv
•25
26
106V
100
•2
24
•2
42
90
•404
-404
90
100 4 106 V
160 41604*
*100
2 V
fe*2
114
114
•26
42
90
11V
26
*25
2
4
114
26
Mining
Jan’07 Bingham Con Mining 50
Last Sale 32 4
Last Sale 10 '
Last Sale 26V
Last Sale 4
.
No?’00 Black Mountain
CHICAGO STOCK EXCH’GE
Week Ending May 3
Price
Frida t
May
Bid
Amer Biscuit 6s
1910
Amer Strawboard let 8a.. 1911
Case Ave 4FO (St L)—
6s
1912
Clue Board of Trade 4a ...1927
Cblc Consol Br <* Mlt 6s
Ohio Consol Trac 44s
1939
3
Week’s
Range
Tor year
Last Sal*
1907
Sigh
No.
1014 1004 Apr’07
101
Mar’06
56
Low
Sigh
iod*' iod'
iod" Mar’07
103
56
Apr’04
65
Ogden Gas 5s
1945
Pearsous-Taft 5a
1916
1004Not’06
101
100
98
81
Clue Gaa Lt«fc C let 5a..1937
Conauinera’ Gaa let 5a.. 1936
Mutual Fuel Gaa lat 5a. 1947
fiouth Side Elev 4 Hi8
1924
fiwift «fc Co 1st g 5s
1914
Union El (Coop) 6a
1945
Union Pacific eonv 4a.... 1911
United Box Board 6a
WeatCluc St lat 5s
1928
Tunnel 1st 6s
1909
Debent 6s
1914
Oonaol g 5a
1936
Weat DivClty By 4 4s.. 1932
West’rn Stone Co oa
1909
*8*7*"
804
80
97
98
17
100
*70**
77
814
Stock t
100,000
600,000
Chicago City
Englewood State
..
Federal National..
First National
First Nat Englewood..
Foreman Bros B’k’g Co
Fort Dearborn Nat..
Hamilton National
Hibernian B’k’g Ass’n
Apr *04
100
Dec’06
Jan’07
1023i
*9*8** * 9*84
914Feb’07
16
May’05
90
934
90
90
90
80
90 V
85
National City
National Live Stook...
North Ave State
North Side State Sav.
Oakland National
Prairie National
Prairie State
844
90
844 Apr’07
90
79
75
76
Chicago Savings
Security
State Bank of Chlo&go.
Stock Yards Savings..
Union Bank of Chicago
Amer Trust A
Dec’06
Aug’06
Feb’07
75
Railway Exchange....
South
Union Stook Yds State
Sale
99
934 93
100 4
97
99
99 4
118
100
Solo
100
904
894
904
93
92
95
Mar’06
*9*7 ** **97**
Mar’07
Oct ’06
Sep ’06
Not’06
100
100
102 4
104 41014
101
102
8 alV
95
76
Note.—Accrued interest mas t be added to all
101
Apr’07
103 4 Feb’06
99
994
10U34
100
114
65
85
9*3*’ i*o’d*4
100
1004
Apr’07
Nov’04
70
Hi Feb
Mai
Deo
Oot
Mai
Mai
88V 1’ly 93 4 May
50
Aug 63 Hi Deo
92 V Nov 99
Sep
.01V Jan 119 Hi Sep
.15
152
a Jan
May
99 4 Dec 10634 Feb
34 Dec
2Ji Jan
5 Hi Deo
17*4 Jan
Jan 22
28
Dec
29 si J’ne
7 V J’ly
14 Vt Mar
3 H» J’ly
102 4
984100
33
Apr’07
684 Sep’05
72 4 Dec’06
76
Apr’07
87
Dec'06
964 Jan ’06
Chicago bo nd
70
78
Savga..
Central Trust Co
of
Ill
Chicago Sav Bk A Tr..
Citizens Trust & Sav..
Colonial Trust A Sav..
Drovers Trust A Sav..
First Trust A Savings
Harris Trust A Sav
Illinois Trust A Sav..
Kenwood Tr A Savings
Lake View Tr A sav..
Merchants’ L’nATr Co
...
M
Dividend
Surplus A
J*rodtef
In
1905
42
Max
443i Feb
14*4 Mar
200* Not
438 001
Record
Last Paid
In
1906
%
’07,
’00,
’07,
’07,
’07,
82,000,000 81,240,475
Bankers National
Calumet National
Monroe National....
Mutual Bank
Nat Bank of Republio.
914
U0U3i Sale
99
ing
Kaspar state Bank..
1034 Apr’07
99
Outstand¬
NAME
Not’04
99 4 Not’06
..
20
Corn Exohauge Nat...
Drexel State
Drovers Dep National
Feb'06
1014 Apr'07
90
16 V Aurl5
Sep
2
21
J’ne 23
62
May 79 Hj
13 *a Jan 119
95
78
Jan
122 Hi
.
......
20
*5*5*' *65*
iod*4 ioi'
Apr’07
81
32 4 Jan 24
1014 102
9634 Jan '06
79
4-408
4'60a Series E
4-80a Series F
People'aGaa L&C 1st6a. 1943
Refunding g 5a
1947
101
324 Jan 24
Commercial National.. O3.000,000
Continental National.
4,000,000
Cook Co State Savings
60,000
Cblc Edison—
Debent 6s
1913
1st gold 5s
{100
A1926
Ohio Auditorium 1st 5s... 1929
Cblc Dock Co let 48
1929
Ohio No shore Elec 6s....1912
Chic A Mil Elec By 5s ....1919
Cbio Pneum Tool—
1st 6s
al921
80
Cblc Bock 1 & P&C RB 4s.2002
Collat Trust g 6s
1913
Common-wealtli Elect—
101
6s
61943
1928
Illinois Tunnel 6s
Kans City By <fc Lt Co 6s. 1913
Knickerb’oker Ice 1st 6s. 1928
iAke Street El—
1st 5s
1928 j.j
Income 5s
1926 Feb
Metr W Side Ei¬
lat 4s
1938
Extension g 4s
63
1938
North Chic St 1st 6s
1909
1st 5s
1916
Refunding g 4 4s
1931
No Chic City By 44s ...1927
North Weat’n El—
90
1st 4s
i
1911
Apr 17
88V Apr 17
40
48
Chicago Banks and Trust Companies
Range or
Atk Low
......
Apr’07 Daly-West
Not’06 Hubbard-Elliott
Chicago Bond Record
BONUS)
57
Jan 10
95
Jan 29
1,021 101 4 Marl 5 1134 Jan 16
173
870 133
4 May 3
Apr 9
38b 98 4 Aur 9 102V Jan 16
100
I
Jan 2
2VApr 8
6
Jan 2 12 V Apr 8
1,160
Mar 20
26
30
Feb 14
60
349
51ay
IV 51 ay
Jan 17
•
404
46
Mar 4
Jail 14
27
Apr 9
79*78 tfe'b *80*Feb
Jan 11
4 Jau 23
ettropolitan Tr A Sav
Northern Trust Co....
Northwest Tr A Sav...
Peoples Trust A Sav..
Pullman Trust A Sav.
Royal Trust Co
Stockmen’s TrA Sav..
Union Trust Co
Western Trust A Sav.
W Side TrA Sav Bk..
Wood. Lawn TrA Sav Bk
3,000,000
200,000
600.000
200,000
600,000
34,932
137,440
4.100,000
2,772,679
7,773
4,528,030
30,017
339,535
31,488
74,829 Began
600,000
7,036,667
144,834
646,375
1,000,000
376,120
8,000,000
100,000
500,000
1,000,000
200,000
1200,000
250,000
2,000,000
1,500,000
1,000,000
200,000
50,000
100,000
260,000
C500.000
250,000
200.000
300,000
1,000,000
250,000
200,000
200.000
3,000,000
2,000,000
n 500,000
60,00b
600,000
200,000
2,000,000
1,250,000
4,500 000
200,000
200,000
3,000,000
750,000
1,500,000
200,000
200,000
kJOO.OOO
500,000
200,000
1,000,000
1,000,000
200J) 00
200,000
181,778
1,103,760
91,359
23,259
05,071
0
1,202,868
367.746 Began
1,319,016 12+3
Q-F
966,102
»83,329
7,443
539,076
3:
1138
basin
5
nized
Orga
8
None
8
6Hi
5+5
863.892
258,122 Began busln
7,616,208 12 + 4 12+4
3(1,901
328.746
1,719,515
35,906
61,060
256,602
645.893
6,239
898,992
288.760
18,722
24,832
’07, 1
’07, 44
Apr ’07, 2
Feb 5, 1907
Apr ’07, 3
8, 1906 ’
Apr ’07, 14
Apr ’07. 14
Apr '07, io
July 3, 1906
Apr ’07, 14
12, 1906
Apr ’07, 2
Apr '07, 14
Apr ’07, 2
Apr '07, 14
Apr '07, 2 4
Apr '07, 14
Feb* 4*1907''
Feb
Jan
’07, 1
'07, 14
18, 1905.
Apr ’07, t
Apr V7, 14
Apr ’07. 2
28, 1900
Apr
’07,* *2*"“
Feb ’07. 2
aroli. 1906
Acr
-07i,\5
14
*d7,
prloe s.
H Includes special dividend of 30% paid Dec. 18. 1900.
t Maroh 22, ’07 for National Bank*
prices; no sales were made on this day. t No prloe Friday; latest pries this week. « Due Dee. 8L
6 Due June, cCapital increased Jan. 1.1907 from $250,000, a cash dividend of JO per cent being declared and to be taken as part payment for new stoek.
kDne July,
k Capital to be increased to $500,000, a stock dividend of 334 p 0. being declared in part payment therefor.
» Capital and surplus to b*
aereased.
0 Capital increased from $2,000,000. and $2,000,000 added to surplus,
s capital to be increased to $300,000.
j
| Dividends are paid Q-J, with extra payments Q-F.
and March 23, ’07 for State institutions.
* Kid and asked
,
Began
70,03»
24,966
4,1 L6,636
Feb
Jan
Deo
8
8
None
Apr ’07, IS
fieb ’07, 24
Apr ’07, 2
10
Began
4
’07. >
•07. 14
16.1901
’07, 3
’07, 9*a
OJ5B
51,581 Began
5.728
33,751
63,480
65,961
9,108
60.246
81,136
1,022,496
145,204
38,345
49,168
2,464,868
*
6
6
8
2
.
•
Daily, Weekly and Yearly
BOSTON STOCK EXCHA.NQE—Stock Record,
Mlmre Frieet-Jlot
Saturday
Monday
Tuesday
April 2?
April 29
April 30
•95 *«
95h
*974
984
*96*e
96*4
Per Centum Price*
Friday
Thursday
May 2
Wednesday
May 1
Sales
of th
Week
Shares
STOCKS
BOSTON STOCK
EXCHANGE
May 3
Mange tor 1’reviov.t
Year(1906)
Mange lor Year
1907
Lowest
Highest
Lowest
Railroads
235
235
285 Hi 235 Hj
903*
96*4
235
*
am
......
-.....
„^e
.
*
26*2
73
145
.
.....
16
58
*21 4
16
68
22Hi
*85
*95
132
112
*84
8d
58
677e
*21Hi
22 Ha
......
a
......
......
155
165
195
195
*85
*95
57
*21Ha
’J2Ha
198
♦195
40
90
♦
*85
97
140
97
97
147*4
Lati
195
Last
Last
Last
80
U7
147*4 148*4
87*2 88 Hi
88 Hi 88Ha
105 4 105*2
88
89
105*2 105L
88
88*4 88*2
88*4 88*2
105*2 *105
•105
105*4 103
*88*4
89*4
Sale
190
Sale
Sa le
Sale
86
97
Boston dfe .Lowell
Do
Apr’07
0
0
pref.
298
Apr’07
Apr’07
BoatSuburbanEi Cos.
Do
pref
•
pref
)
5
)
D
0
3
3
J
3
3
)
)
Mar’07
Apr’07
•195
56
40
*85
97
198
)
Jan ’07
Jan ’07
*
Do
Apr’07
90
97
150*8
•94*4
Do
1504 Union
Do
95 4
pref.
Pacifi
pref.
2 155
222
Mar’07
Last Sale 170
88 4 West End St
88*4
S8 Hj
do
105
105
pref
106
Jan ’07 Wore Nash <fc iiocli.J
Last Sale 147
40
)
25
)
)
31
1
2,537
SC
19=4
88
83
‘
8
18
8H-
18
125=4 126=4 125*8 125*4
•125
126
125 ’4 126
124
124 Hi 124*4 125
*29 Ha
30
95Ha
*3*2
95=4
8=8
7 Hi
8
210
212
6234
63*4
80*2
86 4
210
210
*2*4
3
65
87
*
.
170
170
*9*2
►106
9\
106Ha
*20 Ha
•26
*2 4
25 Ha
8
109*2110*2
64
28
04
28
87*4
101
7
•70
.
121
120=4 121
37=*
101*2
65
75
*-.-...
100
109H» 170 bl06
9=4
9=4
9=4
9\
•100*4
106=4
106*4 100=8
•
»2u *2
20 *2
26 *2
*26 " 25 Ha *26
*2*4
3
*2Hi
j
109
107=4 199
110
63
64
•63*2 65
*
27*2 27*4
27=4 28
37^
38*4
101*3, 101*4
75
S=8
*60*2 52
8=4
51Ha
92 7s
93Ha
937«
94=4
40
41
39=4
40*2
7Hi
*j4
*00
13
10
13
10
*18*4
*18*2
19
*
*28*2
2 6 “g
168
850
29
2 7 *«
168 Hi
860
*29Hi
•38
31
-3 b
81=4
19*2
26Hi
170
845
30
•
■37
27*4
170
845
*2
1 o=4
2*V
*2
17 H.
17
82
2=6
17E
131
16=8 16*4
131
16*2
18 Ha
17
6*4
*
10=8
18*v
18*2
17
17 Ha
84*2
2*4
14 *4
86*4
*1*8
12*4
14=4
81*2
2;C
14 *4
86*4
64*2
130
23
1 =b
2
120
122
*6*4
6
*3*2
3=4
*22
*
17=8
17=4
107
Ha
12 •«
*14*2
85
2=4
•14*4
b
*
54
107
•
=4
Hi
12*4
14=4
6=4
6*4
*62
6 Hi
l *6
54 hi
140
*22
19
17*3
6*8
3<
12 Hr
15
80*4
2=4
li'i
87 *4
56
140
23
1=4
12i
122
r>7h
5 7b
3r’a
3®b
*1*2
17 Ha 17=4
107
107
64 Hi
4 Ha
62 Hi
4 4 Hi
62=4
•i
8
*
1 Hi
2 *2
c
lietore
*7
*70
1,
13*2
13*2
10 *8
10
19
*18*2
*65
29
27%)
174
860
31
38
27
174
810
82*9
17
8l34
•16 Ha
2\
*2
•167e
130
180
16=8 16^
19*»
17
19
17
7
6=4
Ha
12*2
?l4
127b
15
86
16
86 L
*
2=4
14=4
2=4
1434
86=4
*1*4
54=4
140
22=4
1=4
122
67a
35e
8? *4
3*2
61H.
3=4
.
.
.....
63
63
8
4
47b
7
*=4
39*2
64
7=1,
1
*70
13
1334
10
10*4
19*2 20
*•55
*60
29*2
29
27*« 27=4
175
174
855
865
30 Hi 32
*38
•35
81*4 82=4
10*4 17
•70
•
Do
pref.
Mexioan
Telephone..
N E Cotton Yarn ....]
Do
]
pref
]
W E Telephone
Reece Button-Hole..
Swift <fc Co
Torrington Class A..
Do
pref..
Union Cop L’d & Mg.
Un Shoe Mach Corp.
Do
Mining
4
54
97Hj
39=4
06=4
08 4
40
,i\
7*2
40
64 *2
;8
64=4
8
Apr’07
•85
14
10
•86
144
10 4
*2
21
•‘55
30‘a
2,006
661
21
prer
Feb 19
Jan
Apr29 160
Apr 23 326
52
57
MarJO 40
94
Apr3l
Apr 6 103
2 5
16
18
24
21
7
Mar 20 1824Jan 7
Jan 15
4 93
Janl.'O
Mar 7 170
Jan 25
Apr 22 95
Alar 4
Apr23 110
Jan 15
Jan 15 147
57
25
Mar27
33
13 7*4
13134
134 Hi
30 Hi
102 Hj
4
115
25
9*4
MarlD
5
Mai-2 5
Mar21
80
Feb 28
Jan
30°e
27 Hj 28*4
170
176
855
860
45
6 3 *4
8
2*2
8 Hi
160
160
*1*4
1*2
*1*2
8*2
pay’t of assess’ ts called in
Feb
Jan
Jan
Jan
Jan 8 1 )0=,
Jail 15
3=4
Jan 10 1 L5
Feb 19
213*
els
Jan 3
7 2125
Jan 21 1
Jan
6 Ha Feb 20
3 Hi Mar25
45
Mar25
74*4 Jan 14
79
Mar2H
i
21
J an 6
40.703
Am Zinc Lead & srn.
1,276 33 4 Mar 15 53 Jan 22
Feb 16
Mar25 75
581 59
6
Marl4
1538 Jan 16
2,751
2
J an 7
=4 Apr 16
Arnold
25
1 ^ J an 9
May 1
400 •70
Ash Bed
25
Feb2>22
12*3
982
Apr 16
25
Atlantic
9j4 Apr 12 12*4 Apr <
4,993
Balaklala temp certfs ..
JiinlA
Bingham Con Mindfc S 60 1,310 14*a Mar26 37
100 •60
Apr 26 •80 Jan 17
Bonanza (Dev Co)... 10
Bo8touConC<fcG(rcte) Jdl 9,538 20*2 Mar26 33*4 Jan 0
34
10
Dec 250
184
Dec
Nov¬
J^n
67 4 May
24 J’ly
7& J'm
Sep
••90
10=4 May
74
15*4
2 4
134
28 4
25
-_
,1 Now stjjfc. f AiVlpul t
Aug
8 4 Oct
•
......
Bid a ad asked pr .co*; 11 > sale* in ids an tail d i.v.
Apr
Feb
Nov
Dec
J’ly
Jan
.
•
,
Jan
J’ly 55 4 Deo
924 J’ly 118 Feb
8*8 Aug ||45
l)eo
.
-
Apr
Jau
31 4
J’iy 4® 7«
May *90
2038 Mai 35*8
7 25 J’iy 42
8 1
J’ly 184
May 900
If. 6
1*
J’ly 40 4
28
J an
Jan
Mar
Jan
Jan
Dec 11034 Feb
4
4
J’ue
Jau
J’ly ll834 Mar
44 Dec
630
269
.
*
Jan
Deo
J’ne
21
J’ly 34
90
Dec 102
8 10 4 Dec 29
26
8
Aug 46
Muy 1567e
11 J
Dec 141
16 ]
J’ly 144 7e
2 J
7 28 Nov 47=4
..
1907.
Apr
8
7
314
16 11,456 2O'*a Mar26 39 *« Jan
2S=8 Butte Coalition
Marts 108
Feb
177
iso
Caiumet ifc Ariz
10 1,898 148
71 800
Apr 15 1000 Feb
865
Calumet «fc liecla.... 25
865
Feb
33
34
Centenuial
26 1,065 27 *2 Apr 15 47
»17« 3i7e
•3o
Dec
JanDJ
Mar26 •63
•*08
*
'40
Cons Mercur Gold...
1 1,850 •35
*38
*40
>6=4 J’ly
Jan 14
72
Mar‘26 105
10,256
83=4
Range
Copper
Con
Col
00
82*4 83 Ha
.4
Mar
123 14 *2 Mar 16 20 Ha Jan 23
*
10 *2
104 Daly-West
20
1 0 V,
>1 4 Oct
60
Feb 6 70 4 Mar 2
Mar’o?
66
10J78 Feb 1 114 Jan 12 1 3 Nov
Do
Feb’07
pref
La.nl S (i !. * 110 'g
100
*>
14 J’ly
2
Mario
4*8 Jan 10
110
Elm River
12
2
*2
2 Hi
3
2
4 4 Mnv
18 Ha
25
1,005 16 Apr 15 29*4 Mur 1
18*8 Franklin
*17*2 17=4
17*2 IS Ha
11
Dec
151
Feb
b
l
Mar25
227 128
130
(Granby Consolidated. 100
132
130
130
130
130
10 !4
13,316 15 4 Apr 15
10 4 Gi eene-Oana t-m ctfs
1 0 *4 10 =6
16*4 16ce
4*2 Jan
6 *4 Jan 11
20
3:!4 Apr 16
4
4
Guanajuato Consol..
20 Hj
214 Isle Royalc (Copper). 25 3,315 13 -<4 51 ar 26 30 4 Jan 14
19 <4 20Hi
20*4 21*4
Feb b
631 1 i\ Mar 14 30
x 1 Hi
17 4 JLa Salle Copper
25
17 Hj 17 E
17 S 17 Hi
6*2 J’ly
5
9*4 Jau lo
April
25 1,845
7=a
7\ Mass Consol
6*4
7=b
73*
7=6
•50
1=4 Jan 24 • 10 J’ne
Apr 5
50
••00
•75
May dower
25
Hj ♦ -60
*2
No\
L3
13 *4
10 3,370 11*4 Mar27 15 *4 Jan 24
13=8 1Mexico Cons M & S
13
13*6
1‘J7b 13
Mar 2 6 24 4 Jan 16
10
2,310 13
10
15
Michigan
2
1 5 =y
15=b
15 D
Mar20 96 Hj Jan 14
80
Mohawk
90
26 3,484 08
87
87
87
90
3
1®* Dec
May 1
1 '*4 Jan 18
425
•2 ‘a
3
Montana ConsolU& C In
3
3
3
3
11
Jan
20 Hi Jan 10
13
'2 Mar27
16 Hi
15 4 Nevada Consolidated
5 1,445
14 *4
14 7b
14=, 15
7
l34 Mai
12o
Jan
5
72
Mar
2
6
92
93 *4:North Butte
15 10,993
87
88
8S=b
92=4
2 Ha J an 4
1
Mar 14
J’ly
• 70
5U
1 *6
1 *g Old
25
Colony
1 l8
(
•1 *0
33
Feb 14
J’ly
5lar26 63
65 ^
l
25 LI,O10 36
57
Old Dominion
65
557b
55*2 66 Ha
ilui
i.i
Feb21
Mar2t LSI
660 115
150
Osceola
25
k
160
115
145
140
146
3234 J ’ly
Jan 14
340
*21
19*4 Mai26 35
Parrott
j
(Silv & Copp) 10
23
224 23
23
30
May
1
Jan
5
Jan2i. •(
f3
*
125
25
1=4
1 Hi
1=4 1Phoenix Consol
l7s
*1*2
1=4
30
J’ly
132
1314 Quincy
*•
25 6,400 103 Alar 2 5 148 Feb C
128
132
131=4 134
3 4 J’ly
\
12
'4
J an 15
Apr
12
6*4
25 2,195
O-’b
0
0 Ha
6=4 Rhode Island
0 Hj
7
14 J’ly
7 Ha J an b
3
Alar 27
085
3=4
Fe(Gold & Cop) 10
3 Hj
F
3=4 Santa
3%
3=8
3°8
5 '4 Jan
18 *g
18 4 Shannon
10 6,957 1434 Mar‘36 24^ Jan 17
fc
17 Ha 17vb
I77e 18 H
*0
J’ne
125
Tamarack
25 2,016 LOO AIar26 170 Jan 14
128
125
111
122 Ha 122
10
May
39 4 .Mar29 55 Ha Jan 8
26
Mar'07 Tennessee
Last sale 39-j
734 J’nt
147a Mar26 42 *< Jan 24
28
23 4 Trinity
7
22
23;ib
25 5,^37 63
22Hj 233b
L May
Mar'26 77*4 Mar 7
02
62
United Copper
100 1,535
*01
01 Ha
61=4 62
Jan
Do
pref
100 2,010 67 Mario 91 ALay 1
91
91
9
4 Sep
9 *2 Mar 15
13*4 Jau 22
10 *g
10
10=8 Unit States Coal&Ol1 25 2,42“
10
10*4
10*4
Mar
70
Jan 2
50
Mar 14
50
60 4 U S Smelt Ref.&Mln. 50 1.912
65
64 *5 66
65*2
51 iu
45 *4
Do
45 4
45
45 d
pref
60 2,144 415e Mar l 0 49 Jan?
46
45
J’ne
65
Consolidated...
6 9,837 51 Marl 4 79 Jan 14 (
65 3a Utah
1
64
63
01=4
63 7b
678 Nov
6
AlarID 11=8 Feb27
26 1,770
8®d
S'8 Victoria
8
8
8‘8
»38
Jan
3 *2 Mar 6
J an 3
2
•(
*
Mar’07 Washington
\
1 *2
25
2 Ha Last Sale 3*4
14
Jan 23
7 Hi Mar 14
J’ly
635
9
1*
Winona
\
25
8 Hi
8 *2
-8*4
8*2
Jan
Feb 11 IS
270 L50
Apr 15 LS8
25
168
170
>Wolverine
100
1G6
165
165
565
J’ly
3=8 Jan 22 •'
1*4 Mar27
14
>
1*2
25
1*2
1
Hi
Wyandot
lHa
1 Hj
30=8
Jan
Jan
Oct
162
44
64a4
j’ne
May
66=8 Jan 10
90
84 4 Dec
Sep
80 Hi Apr 26
51 ai 210
Deo
215
Mar 1 1
8
Jan
534 Sep
43i J an ] 9
60
27
Mai
Nor
68
Feb 14
90 4 Nov
Mai
80
Jan 12
90
141
6
Dec
4
126
Jan 7 1
Apr
182
Jan 7 1 0 Dec 26r> 4 Nov
11
9 4 Jan
Dec
Jun 10
11
l'JO
Jan 16 1
113
Sep
23
Feu
22 Hi Jan 12
224 Dec
27
4
Nov
25
26 Ha-Feb 19
J’ly
3
6 ** Dec
J’ne
67e Jan 24
11334 May
113
Apr 2 5 1
80-8 Feb
69
Jan 2 z
28 4 Dec
323b J’ly
29
Jan 4
50
4 Oct
OO^Jan 7 3234 J’ly
1134
Feb
99
J’ne
10734 Jan 7
17 s, Jan
Nov
8
9
Jan 12
79
Nov 98 4 J an
82
Jau 17
86
73 34 Oct
Feb
78 Ha Jan 18
76
Nov 93
Jan
Feb 29
80
230
May 1
31*4 Mar25
92*4 Mar25
70
Feb
14*.* Jan
6*2 Mar 14
16
Jan
Apr
Apr
163
Feb
283 4 .Mai
210
Jan
63 4 Oct
53
Sep
65
Oct
50
Jan
Jan
47*2 Not 64
99
Oct
65
Jan
Feb
06
95
Jan
195
.39
4 May
Sep
]
91
May 9934 Jan
] .70
Sep 178 Apr
Jan
92
Dec 101
1164 Apr
1
1504 Feb
1
8 ;
Feb
26
Dec
Mar
163
298
145
107
95
200
23
75
28 l4
17
Jan
9
J’ne
59*2 Jan
9
Deo
21®n
Aug
2
207*4 J an
2 i
Jan
95
Jan
.
847aApr
19 *2 May 2
84
Mar 2 7
Jan
Mar
190
Jan 9 :
95
Alar 2 2
89
Mar 7
Jan 11 197
Jau
Jan
Jan
Jan
Jan
Jan
127
Marli
Jan 8 1
4!200l4Jan 7
Jan 16
Jan 23
714 Apr22
10
2
Jan 23
Jan 17
Jan 2
Feb 13
25=4 Jan
1904Jan
Mar 2 9
4,025 I0.>a4 Mar 11
791
Do
pref
]
Apr’07
Apr’07 Westing El & Mfg...
2334
Apr 22 80
160
Apr 18
Apr 8 120
Apr25 183
Marli 156
Mar28 280
Apr 5 135
Feb 8 114
624 116*4 Mar26
119 120
Mar 25
2,230 115 *2 Mar26
25
Mari 5
646 £03*4 Mar29
3
Mar28
l
Mar2‘2
6 107
225 16*4 Mar26
7
Mar 7
255
375 200
Apr 12
132 139=8 Mar25
1,568 64*4 Mar 20
1,820 80 Mar20
Jan 2
82 199
2 *4 Apr 10
8
60
Av>r26
).
7 86 May 1
Mar27
70 114
Marl6
343 166
47 £9*4 Apr 6
423 £104 Mar 15
21
Apr 22
25
Apr 16
2 =8 Apr 16
8,329
38=8 U S Steel Corp.
Do
pref....
64
20
:...!
1024
62
Last Salt
1
-75
14
14
10
10*4
20
20 H,
*60
*60
]
Boston Land
1074
194 Dominion Iron tfe St.
84 East Boston Land....
52
7»s
Amer Woolen
do
pref
Apr’07
•3*2
4
Telep & Teleg.]
Jan 3
Feb25
Feb 16
Jan 1 5
15
65
160
2464 Apr
180*2 Apr
175 *2 May
190*3 Dec 314 4 Apr
13
Nov
274 Feb
75
Fob
63
Jan
39 4 Apr
Jan
25
90
72*2 Jan
Apr
182
Jan
*
5oH»
140
22=4
1=4
126
67b
3=8
17=4
17 Hi
no
111
.
03*2
95
ier
ier
60
128
807
1,576
pref
Sugar Relin.... 1
Do
pref
]
126
126
125
Apr’07
j
203
149
63
*7
7
7
Last Sale 75
Last Sale 71*2
80
80
75
8*2
202
88
37** 38V
102
101Hal02
87*4 87=4
101Ha I017e
7'**
7*4
•34
62=4
8
8
8*4
8*4
*165
160
155
100
1*4
1*4
*1*4
1*2
60
25
39=4
I0=t
2 *2
106=4
95=8
65
8*4
*2 Ha
39
10=8
1 *2
*25
205
Do
18=4
l48Ha
03
02=4 03
85=4
85=4
35=4
25*2 86=4
•209
210
212
•209
210
3
•2*4
3
56
Last Sale 50
Apr’07
•
•
88
86
88
121
121
121
121
121
100
109
169
108
109
10
•9Ha
10
9=4
9=4
107
107=8
106=4 100*2 107
21
Laet Stile
Apr’07
Apr’07
26** Last Sale 25
3
Last
Sale
Apr’07
3
110*2
111
108
no
109
00
60
62
00
60
28
‘J7*2
27*2
27** 17*2
947a 96=8
55
8*4
•20*9
204
40
10W.
54=4
44=4
*
100
8
95 H.
10 Ha
5-4=4
44=4
8
19=8
52
61*2
02
167
♦9*2
8*2
8*2
AgTicui Chern.j
Do
pref
84 Amer Priou Serv
18 7e
8*2
40
01=6
C3
86
121
Amer
19
90
18
125
126*4 125*2 126
120
120
126
126
124
124
123*4 124
Laet Sale 30
30
94*4
95
96*4
96*2
3*8 Last Sale 3H
•197
107*a ♦107
107*a
94=4
*50
62
22*tt
•2*4
*
8*4
18
61*2
22*2
21=4
85*4
212
3=4
22
22
90
10*4
64 *y
89=4
10*4
75
*3*2
...
21=4
10178
31
30*2
••37
’38
*16
*16
M1*
37=8
101 *2
*7
*70
*•45
'05
29
29 >4
’45
29
81=8
82
7h
1
13 H,
10
13
10
-65
*•45
*
3*2
7*4
1
"
m*a
121
*3Ha
*50*2
7*4
=4
88
•
88
121
*7
*70
7
2*,
65
2*4
3
-2*4
*
63*4
80
810
03
86
210
8 Hi
18
205
205
148 *2 149
63
03
149Hjl49Hi
80*6
212
80
*210
*778
*7Ha
8
205Hi 200
63=4
08*4
95
95 *2
*34
3=e
107Hi 107*2 •107
208
148
205
148
123=8
*29*2
30
*29 Ha
95
*3*2
8
*7*2
*
125
125 *«
121*2 125
107*2
107 Ha •107
18
12 5 7fe
125
125
30
96
8 =e
*29 Ha
95 *2
*
3 Hi
8*4
17Hj
8 *2
*4
8
18
124
.8*4
8*4
18
18
19 Hj
90
88
88
85
95
124
105
923 87
164 106
147
itlisceilnncous
19\
Apr 20
13 194*2Apr
62
66
)
)
Marl4 165
Apr IE 165
April 301
19=4 Mar 9
1,392 173
7
2
7
Jan
Jan
JV1 ar t
Febli
Marl:
86*4 J’ly 110 4 Sep
1054 Jan
257 4 Feb
7
8
May V 152
Apr 1: 231
88
1974 Fehlr 198
18C
144 Mar 2 2 20 4 Jan
Mar 2 6 714 Jan
22 J 65
5
>
pref.
12
55
23
70
2i
25 145
110
184*4
156
JGO
200 128
36< 107
87
5
Apr’07
52
42! 139
48 222
1,483 152
160
5(J 297
1,035
10 )
.
107 Hi Jan
83=8 Marl
1:
927e Mar2 k 1013a Jan
Feb
5fc 225
Jan If 240
.
.
Do
14C
......
264 Boston &. Wor Elec Cos.
Do pref
73
Chic June Ry<fc U S Y10< 1
232
146*4 lSO^
*93*4 94 *,
145=4 148
86*8 80*6
*«578
0
0
0
Apr’07
Apr’07
tail Sale 112
Last Sale 184*4.
Last Salt 156
Last Sale 960
132Hi 132*2 180
807e
143=8
142
139
222
163
pref.
Do
131
Fitchburg prof....
182*4 132=4
111
110*2
112
*100=4 HI
Do
nref..
Mar’07
Lati Sale 83
86
Last Salt 797*2 Feb’07
17
17
16
10
16*4 16*2
Do
pref.
67
67
67
67
67
57
Mar’07
Laet 9al< 19=4
*‘i 1 *2 22*2
177 4
170
176
I'll 177*4 177
40
85
85
*96
97
230
235
139
140
222
224*i
102
162
162
Last Salt 160
298
298
298
Last Sale 12
Last Sale 65
26 Hi
20*2 26*2
•
71
71
95=b
90
.
198
*
40
90
*
*10
67
196
230
0
0
0
•95**
95*2
*110
♦84
177*2179
17*7e 179=4
*195
40
87
97
132
•
73
*
.......
♦110
*16
1794179=4
•
132
no
87
132
110
*85
132
112
87
96H
20**
204
.
132
*110
*85
96*.j
*95Hj
300
15
65
*12
•52
15
65
.
947,
163*2164
*
......
947a
139
141
224H; *222
140
225
163Ha
95=t
235
•230
141*2
142V. 142*4 141=4 142*4 141
224 H) 224 Ha *
224=4 •222
162
163
163
163
102
•
162 Ha
300
*297
300
*12
*12
15
*12
13
*62
*52
55
*62
65
25
20
26*4
26*4 20*4
•
•
*
73
73
146
146
145
......
94*2
*95*2
967e 987g
*95=, 98=4
Highest
,
*70
Feb
uct
Oct.
Oct
Dec
Dec
Dec
Jan
86 4 Jan
214 Nov
8i
Feb
12 J
Mar
3 4 Dec
204 Sep
140
Dec
7 4 Jan
29\ Jan
*124 Jau
14 J an
1434 Dec
22 4 Dec
85
Dec
7 4 Feb
23 4 Oct
117 *3 Oct
2 4 Deo
604 Oot
151
Dec
43
Jan
2 °a Deo
114
Jan
9 4 Dec
5 4 Nov
18 7b Nor
22
Jan
52
Jan
204 Dec
78
Feb
11
Feb
14°8 Mar
66
Jan
4778 sep
69*4 Jan
9*4 Mar
24 Deo
134 Oct
90
Deo
2>4 Dec
E’C-rigncs. a Ex-div. <& right*
Boston Bond Record.
Mat 4 1907.
vs
BONDS*
BOSTON STOCK EXCH’QB
Wtu Krone may 3
Price
WeeUs
Friday
May 3
Bangs or
1908 j.j
Telephone 4«
Telen A Tel ooil tr 4e. 1929
Am Writ Paper 1st at 5a g 1919
▲tch A Nebraska lit 7a..1908
▲ton TonA 8 ife gen g 4s.. 1995
Adjustment g 4«
J’ly 1995
j.j
U82
Apr’07
M-S
a-O
104
Mar’06
9 7 78
1919
Sinking fund 48
Butte dfc Boston 1st 6s....1917
Oedar Rap A Mo R 1st 7s. 1916
2d 7s
1909
Cent Vermt 1st g4s..Mayl920
110
101
114
964
824
1182
High
98 4
904
H82
9778T1014
904 92
914 914
Feb’64
Sep’06
Mar’06
1124-Ian’03
99*8 Oct ’06
93
j.j
a-0
1064 107 4
106 4 Apr’07
102
Sep’05
106
100
J’ne’Ol
123 4 Nov’06
m-N
111 4 J’ly’05
84 4
84
109
May’05
1004 Feb’07
102 4 J’ly’06
93 4 Apr’07
j-D
844
q.f
2-0
Iowa Dir 1st 4a
1919
1913
Debenture 5s
Denver Exten 4s
1922
Nebraska Exten 4a
1927
BA S Wa f 4s
1921
Illinois Div 3 His
1949
Joint bonds See Gt Northern
Chic jo Ry A Stk Yds 5s .1915
Coll trust refunding g 481940
ChMil A St P Dub D 6s..1920
Oh M A St P Wls V div 6al920
Ohio A No Mien 1st gu 58.1931
Chic A W Mich gen 6s....1921
Concord A Mont oons 4s.. 1920
Conn A Pass R 1st g 4s...1943
A-O
M-N
F-A
M-N
M-S
j-j
"OS” ’*69'
J-J
A-O
101
*984 IIIII
83
90
1004 1004
98
9J3,
984 Deo’00
101
95
122
126
.
96
J-J
J-J
Feb’07
Apr’06
Feb’05
101
99
Sale
101
J -D
A-O
100
102 4
944 96
1014
974
97 4100
101
Mar’07
1004102
974
M-N
J-D
90*4 *91*4
904Apr’07
904.
99
1124 Jan’03
'*98*'i*o*d‘
Nov’06
Mar’07
Jan’07
104
89
100
98
Del Gt Han & W 1st 4s... 1946 A-O
Dominion Coal 1st s f 5s..1940 M-N
89
100
98
Apr’07
1034 Apr’06
190?* M-N
4s
1915 M-S
4a
1927 M-S
FremtELk A Mo V 1st 6a.. 1933 A-O
Unstamped 1st 6s
1933 A-O
Nor CB A Q coll tr 4a lj)21 J-J
Registered 4s
1921 Q-J
99
1004 Oct ’06
134*4 Nov’06
140
Apr’05
94 4
934
94 4 sale
94 4
92 4
17
90
100
98
884
Apr’07
97 4
96
92 4
Friday
May 3
Wbk Rroora may 3
•4$
1910
Illinois Steel deben 5s
Non-convert de ben 5s...1913
la Falls ASioux Cl«t7s..l917
Kan C Clin A Spr 1st 5a... 1925
Kan C Ft 8 A Gulf 1st 7a.. 1908
1928
Kan C Ft Scott A M 6a
Kan C M A B gen 4a
1934
Assented income 5s
1934
Kan C A M Ry A Br 1st 581929
Maine Cent cons 1st 7s...1912
1912
Cons 1st 4s
Maro Hough A Ont 1st 6s.1925
Mexican Central cons 4s.. 1911
1st cons inc3s
Jan 1939
2d cons me 3s
Jan 1939
Mich Teleplst 5s
1917
Minne Gen Elec con g 5s 1929
New Eng Cot Yarn 5s
1929
New Eng Teleph tis
1908
j.j
A-O
A-O
"99*4
A-O
*9*9**
J-D
M-N
5s
New England cons
Boston Term 1st 4s
Loro
High
3*8** ibo*4
”0*8** ”984
93
98
M- S
M-S
92
A-O
99
101
114
117
120
944 Dec’06
Mar’07
92
92
92
Apr’<>7
100
101
100
A-O
A-O
113% Nov’06
1014 i3ep ’06
A-O
J-j
79
314
j’ly
j’ly
J- J
118
Mu*’04
79 4
79 4
26 4 Oi;t ’Of.
79 4
85 4
17*j Aug’05
J-J
F-A
102 4 Aug’04
98 4
19
99
.
100
A-O
90>4 100 4
MarV'
100 4 Jan
’07
99
100
4 100
4100 4
LOG
108*4
103
1939 A-O
106
Apr’07
101 4 Sep ’06
1102% J HU ’05
1121 % Mar’00
Dreg Sh Line 1st g 6s
1922 F-A
Repub Valley 1st s r 6s... 1919 J.J
103
Rutland 1st con gen 4 4a. 1941 J-J
Rutland-Canadian Ist4sl949 J-J
Savnunali Elec 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s
1930 F-A
Terre Haute Elec g us—1929 J -J
Torrington 1st g 5s
1918 M-S
Union Pac ltR A 1 gr g 4s. 1947 J-J
1st lien oonv 4s
1911 M-N
United Fruit conv gen 5s. 1911 M-S
U S Steel Corp 10-60yr 5a. 1963 M-N
West End Street Ry 4a
1915 F-A
Gold 44s
1914)M-S
Gold deoenturo 4s
1910;M-N
Gold 4s
1917! F-A
Western Teleph A Tel 5s.19321 J-J
Wisconsin Cent 1st gen 4sl949jJ-J
Wisconsin Valley 1st 7s..1909 J-J
Bonds.
Since
January 1
High
100% Oct ’06
994
10UV
1224 Nov’06
116*4
117
NYNHAH con dob 3 481956 J.J
Old Colony gold 4s
1924 F-A
Oreg Ry A Nav con g4s.. 1946 J-D
Note—Buyer pays acorued Interest In addition to the purchase prioe for all Boston
Range
102 4 Nov’06
116
1915 A-O
1916 A-O
g 5s... 1945 J-J
....
!<
Ask 1at\v
Bid
5s
102% J’ne’00
1927 A-O
Fitchburg 6s
Low
3t
35
9778
98 7i
90% Apr’07
91*8 Mai’07
Sale
914
894
OBAQ lewa Dir 1st 6s. 1919
Current River 1st 5s
1*4
83 7,
83
j. j
Not
Stamped
J’ly 1995 M-N
Boston Elect Light 1st 6s. 1908 M-S
Conso! 5s
1924 M-S
1910 j.j
Boston A Lowell 4s
Boston ct Maine 4 H»s
1944 j.j
Boston Terminal lat 3H»a.1947 F-A
Bur A Mo Kir ex Os
1918 j. j
Non-exempt 6s
1918 j.j
Since
Week’s
Range or
Last Salg
Price
BOSTON STOCK EXCH’GE
January 1
High
98 4
97%
98^ Sale
83*0 84
BONDS
Range
Last Beds
Ask Low
Bid
Bell
53
1045
....
Sale
103
103
107 4 Nov’Of.
102
Max’02
98 4a May'06
103
104
101*4 Apr’O.
1014105
97
97
Apr’07
994 Nov’06
1
1004 Feb ’07
110
112
93
100
7150 4
1 12*4
93
Apr’(.7
100 4 Jan ’0 7
100 4 1004
101*4
1014 102
94
1,97 4
101*4
102-4 J an '06
101*4 Jan’07
100
100
98
92
do Vjl 02
i'0'7” i'l*2*4
1197 4
101*4 102
Apr’iiO
97
92
1199 4
1004 1004
914 99
93
7194 4 Sep ’05
109-% Aug’05
w No price Friday; latest bid and asked.
\ Flat price.
Philadelphia and Baltimore Stock Exchanges—Stook Record, Daily, Weekly, Yearly
Share Price*—Not Per Centum
Prices
Sales
the
Week
Shares
ACTIVE STOCKS
Saturday
April 27
Monday
Tuesday
Wednesday
Thursday
April 29
April 30
May 1
May 2
(For Bonds and Inactive
lYidat
May 0
Stocks see below)
Range tor ISreviou*
Year (1906)
Range for Year
1907
of
Lowest
Highest
Ixnoest
Highest
Baltimore
*91% **9*1*4 •””*.1**92*
•15
•30
*12*4
13hi
13i«
•12*4
02
•13
92 4
02
19
*
824
024
93
’ *‘l3*14
134
83
92*4
134
Con. Gas EL L. A Pow. 100
Do
pref
100
Northern Central
60
Seaboard (new)
100
Do
2d prof
..100
134 United By A Electric.. 60
*32
•82
93
*16
•80
*13
34
84
93
19
40
36
33 4 Jan 15
80 4 Apr 1
86
Mar 14
10 4 Feb 25
35
MarlS
234 Jan
7
48
Jan
7
200
lU4Marl2
14
Apr 10
128
48*4 Apr 1
32*4 Marl4
8 4 Mar21
6
Apr 9
20
Marl*
84 Mar25
61
Jan
15
254
Jan 9
Jan 10
Jan 26
85
97
Pas
854 Dm 41
90
J’nn
80
Oct
97
Ply 1114 Den
22
48
13
32
Jan
02 4 Jan
19
Jan
Dec
Dec
Deo
Philadelphia
49 %
30%
10%
•5
25
49*4
39%
49*4
39‘4
45*4
49^
49*4
39 h
39
39 h,
10 H.
10
*5
10>*
.1 0 Lg
10 H
05 %
1*8
03%
11
89%
05 H»
1%
11
11
89*s
80 ^
607s
65^
63^4
63*8
60*4
44
*44
•41H
•41
59*4
92*i
*
42 s
41^
59*4
93
63 Hi
44
104
89 4
65
394
65*4
44
44
6*4
21*8
553a 5e6xe
06*8
22’p
57
•42
•41
60
92*4
43
41H
60
92*4
30
Pill LA DELPHI A
*42
*
4 1
43
4 1 *4
59*4
01*4
51**4
9^*8
30
30
Bid
Ask
50
Amer Pipe Mfg
1UU
Bell Telephone
50
Cambria iron
50
Central Coal A Coke. 100
Consol Trac of NJ...100
Diamond State Steel.. 10
10
Preferred
Easton Cou Electric 5.50
Elec Storage Batt....l00
100
Preferred
Ft Wayne AW V
Sermauutivn Pass
100
Indianapolis St
100
40
120
51*4
48
62*4
48%
43
414
•42
*41
60
9l7s
*594
914
914
414
60
024
84
204
50
Do 1st pref
Do 2d pief
Union Tr acton
United Gas Impt
Welabach Co
43
597s
41*4
59%
91*4
92 4
41*4
30
15%
North Pennsylvania..50
Pennsylvania Salt
50
2
92 4
*2*4
45
46
94
*94
10
10
100
United N J Rlt AC.. 100
Unit Trac Pitts prel..50
Warwick iron A Steel.10
West .Jersey A SeaSh.uO
Westmoreland Coal....50
Wilkes Gas A Elec..100
......
......
......
......
119 b
105 H
105
103
17*4
Union TT of Ind
7*4
4
95 S
95
84
M-S
Annuity 6s
......
110>* 110*4
„
„
.
.
......
„
luO
f-D
......
151U
97
08
98 Hi
P Co IstA col tr 5s’49 M-8
ConA col tr 5s 1951M-N
105*4
1,176
50
8,38ul
100
Exchange 3His 1930 J-J
90
100H> 101
99 H 9.17„
70*4! 71
Balt A P lat 6s m 1 ’ll A-O
Balt Trac 1st 5s..’29 M-N
No Balt Div os 1942 J-D
1
|
1
il $7.50 paid.
2<»j
Bid
Atlan C L RR4sl952M-S
Atl Coast L(Ct)etfs 5s J-D
Ctfs of indebt 4s
J-J
5-20 yr 4s 1925
J-J
Balt CPass 1st os T1 M-N
Balt Fiimtg 5s.1916 M-N
105
People’s Trtr certs 4s ’43
50
72
Ccnt’l Ry conosl932 M-N
Ext A Imp os.1932 M S
ClnisCityRy 1st 5s’23 J-J
f $15 pant.
f $10 pauL
<
i*ie 0c*
7
60S Jan 7
564 May
Jan 14 f
53
Mar 14
Su 4 Marl 4
25 4 Feb 11
30
Feb 18
Dec
98
83 S
73
City A Sub lat 5a..’22 J-D
City A Sub(Waa)lat5a’48
108
101
103
113
104
109 H>
1939 J-D
5a ’45 J-J
Ga A Ala lat oon
GaCar AN lstosg’20
J-J
GeorgiaP 1st 6a...’22 J-J
95
82 H,
83
1941 M-S
General 5a
Norfolk St lat 5a ’44.. J J
N orth Cent 4 %8 1925 A-O
Series A 5a 1920....J-J
Senea B 5a 1026
J-J
Pitt Uu Trac 5a 1997.J-J
Poto Val 1st os 1941..J-J
Sav Fla A West 5a-’34 A-O
Seaboard A L is 1960 A-O
Seab A Roau oa 1026.J-J
South Bound 1st 5s..A-O
U El LAP lst4 HtS’20 M-N
Un Ry A El 1 at 4a ’40 M-8
1 ueome 4s 1949
J-D
101
101H
110
luuHi 102
108*4 ii'6“
112 Hi no
110
108
108
$20 uauh
a
Funding is 1936...J-D
Virginia Midland—
2d series 6a 1911...M-S
3d aeries 6s 1916..M-S
4th ser 3-4-5s 1921.M-S
5tli series 6s 1926.M-S
Va (Stale) 3a new ’32. J-J
Fund debt 2-3s 1991. J-J
West N C con 6s 1914 J-J
We.s Va C& P 1 si Og’ 11 J -J
Wil A Weld 5m.. 1935.J-J
Receipt*.
b $25 paid.
c
110
97
£70
95**
104%
112
02
107
87
87
loi^a
114
Mt Ver Cot Duck lat 5s.
101 H
110
103
114
111
Npt N AO P lat 5a’38 M-N
31
23
96
78
6
Ask
03
107 Hi 1077*
115
118
108
108%
63
54
2m 22
104
10*
105
13
Mar
IO6H1 107
198
80
11 Hi
30
21
93
105
Jan
32
01
GaSo A Fla lat 5a 1946J-J
G-B-S Brew 3-4a 1951M-8
2d income 5a 1051 M-N
Knox v Trac lat 08 ’28A-0
LakeR El lat gu5a’42M-S
9 2 Hi
101
83
Bid
oa
87H?
5
o544 Mar
BALTIMORE
Coal A I Rv lat 6a’20F-A
Col AGrnv 1st 08.1910 J-J
Consol Gaa 6a...1910 J-D
175
74
Jan
J'nn
3i*n Jan
7*iHe Jan
Chaa Ry G A El 5s ’99 M-S
Chari O A A ext 6s.’09 J-J
2d 7a
1910 A-O
Ask
101
25
Memphis St lat 5a’46 J-J
02 H Metst( Waah)lst6a’25FA
103
250
Jan
434 Apr 471*1* Jan
4478 May 51 Jan
604 Jan 22 684 Dec 66 Aug
Fsf
964 Janes’ US 14 May 101
47
S31*
83
24Jan
Jan
Jan
Marl9j 45»a Jan 14
1014
96*4
Jan
394 Not
U7, Not
11
May
0
Nov
14
Jan 25
Dec 48
Jan 25 81
Jan 8 144 Nov 23*4
Dec 118
Jan 7 100
Jan 5 65 May 86
41*4 May 3
112
111
106 H. 108
118
100
78%
Apr 6
43
10
9
8
54
50*4 Sep
30*4 Jan
Jan 8 014 J’ly
584 Mar25 70*
42 4 Apr 2 484 Jan 4 47
Apr
7 4 Marl 4
9
04 Dec
Apr 4
154 Mar27 24 Jan 22 cl 9 4 Deo
45*4 Mart 5
Bonds
AnacostiaA Pot 5s
Atl A Cli 1st 7... 1907 J-J
••••••
101 *-2
Phil Elec gold trust ctfs.
Trust certifs 4s
P A E gen M 5 g ’20. A-O
Gen M 4sgl920..AAO
.....
96
Pa ANY Can 5s ’39. A-O
Cun 4s 1939
A-O
Penu Steel 1st 5sT7 M-N
U Ex-rights.
...
......
M&T14
50
60
Ala Cons CoalA Iiou.100
Pret
100
Atlanta A Charlotte..loo
At Ian Coast Line RR. 100
Allan Coast L (Conn) 100
Canton Co
100
Cons Cot Duck Corp...5u
Preferred
50
Georgia Sou A Fla...100
1st pref
100
2d pref
100
G-B-S Brewing
100
J-D
N Y Ph A No 1st 4s ’39 J -J
iueome 4s 1939...M-N
NoOhioTrac conus’ 19.J-J
Penn gen 6s r 1910..Var
Consol 5s r 1910...Var
prices; no sales on this day.
63*4
78
57
1
2
474 Jan 24
11% Jaa 14
36
16
Mar 14 103
60 69,089
BALTIMORE
Inactive .Stocks
......
Lehigh Nav 4His ’14.Q-J
RRs 4s g
1914.0-F
Gen M 4His g-1924.<j-E
Leh V C 1st 5s g ’33..J-J
Leh Vext 4s 1st 1948.J-D
1923
60
Ph A Read 2d 5s ’33.A-0
Con M 7a 1911
J-D
Con M 6a g 1911....J-D
Ex Imp M 4s g ’47.A-O
Terminal 6a g 1941.Q-F
P W A B col tr 4s ’21. J-J
Portland Ry 1st 5s 1930.
Roch RyALcon 5a’54J-J
U Trac Ind gen 5a’19. J-J
Un Rys Tr otfa 4s’40JAJ
United Bye Inv 1st coll tr
af 6a 1926
M-N
U TraoPit gen 5s ’97 J-J
Welsbaoh s f 5s 1030.J-D
Wlka-B GAE con5s’55J-J
193
102 >4
Geu cons 4s 2003.M-N
Leh V Trail con 4s ’33J-D
New Con Gas 5s 1948 J-D
99 4
Railways General
10
Busquoii iron A Steel..5
ronopah Mining of Nevl
......
Interstate 4s 1943 ..F-A
(.'onsol 6s
Pennsylvania Steel.. 100
Preferred
100
Plnl'i Co (Puts) pref...50
Phil German A Norris.50
Plnla Traction
50
ioi
98
101 H»
63 H:
2d 7s 1910
Little Schuylkill
60
Minehiii A Scliuyl H..50
600
PHILADELPHIA
Ask
107
Indianapolis Ry 4s. 1933
10
N Haven Iron A Steel.6
Northern Central
50
Balia Ter let 5s 1926. J-D
2.13U
667ie 674 Reading
Bid
AmRyscouvSs 1911.J-D
Atl City 1st 5a g *19.M-N
50
100
6,265
107
Plnladelp’aCoJPittsb). 50
84 Philadelphia Electriot. 25 2,465
214 Phila Rapid Transits.. 50 28,223
*28
PHILADELPHIA
315
244
45
•42
43
894 Lenigli O A Nav tr otfa. 50
65
•44
45
xvy lhl Lull utt xvojL
Con Trac of NJ 1st 5s.’33
1st
M 5s 1920 M--N
E A A
Elec A Peo Tr stk tr ctfs
Eq II Gas-L 1st g 5s 1928
H A B Top con 5s ’25 A-O
53
KeystoneWatchCase.100
4 65*4 Lehigh Valley
1*4
14 Marsden Co
jr62a(iB2'1io Pennsylvania RR
155|
Gen Asphalt tr otfa ....100
Do
pref tr otfa ....100
104 Lake Superior Corp
100
Lul ot
62
50
Bid and aakod
654
Betide Steel 6a 1998.Q-F
8
*
64*4
CliocAMelet5a 1949 J-J
Ch Ok A G gen 5a ’19 J-J
Keystone Telephone ..50
Preferred
•884
BergAEBrw lat 6s’21 J-J
744
22
Steel
89
Al Val E ext 7a 1910 A-O
Alt ALVEleo 4 HIF33.F-A
42
Indiana Union Tr....l00
Insurance Co of N A.. 10
Inter Sm Pow A Chem.50
tidewater
104
80
7
27
Bonds
5b
American Cetuent
Lit Brothers
104
8*8 &11ie
21
21*4
55»ie 56®ie
43
Railways.... 50
50 11,988
731
104 Electno Co of America 10
•6
8*4
21 ‘4 31%
65*4 6' 9ie
*41
*59 4
American
394 Cambria Steel
10
•44
8»ii
Inactive Stocks
Allegheny Val pref
Preferred
44 4
50
*25
•10
634 64*io
03716 63*4
64
•494
39
104
10
•5
104
89 H;
8iHe
2J
39
11
06
494 60
384 394
60
25
104
S78
22^
8*4
8iHi 8uxe
21S 22^
55 H 55eie
•DM?
89 Hi
66
104
*6
25
*5
25
*10%
80
*494
384
'
80%
i«5** 1*16”
107
112
112
109
108
ini
110
108
75 *4
74*4
107
108
110
00
87
55
84
87 %
55*4
84*1
104 H
105
104
107
93
94
93 V,
94%
110
107
105H 106
112
115
T
$30 paid.
»
•
Volume of Business at Stock Exchanges
TRANSACTIONS AT TJHB NEW YORK STOCK
DAILY. WEEKLY ANI> YEARLY
Stocks
Waste ending
May 3
ly'o?
FA ares
...
512.807
760,999
....
551,085
781,821
814,269
Total
Railroad, dtc
Bonds
Par value
156,061
Saturday
Monday
Tuesday....
Wednesday.
Thursday...
Friday
h a Las at
Ssw Yorlc Stock
Week
Rxchange
1907
b toe As—No. shares
Par vaiu©
Bank shares, par..
EXCHANGE
State
Bonds
U S
Bonds
$13,775,900
45,004,700
65.165,625
47.902,250
$488,500
1.168.500
1,373,000
1.449.500
$39,000
117,600
70.500
113,000
67,596,975
70,289,400
1,469.000
1.477,000
79.500
3.577,042 $309,794,850
ending Hay 3
$7,00u
$510,500
$7,000
January 1 to May 3
1907
1906
1906
92,765,083
3.577,042
9,110,806
110,872,805
+309,784,850 $810,423,350 $7,926,400,760 $9,975,904,300
$243,400
$10,000
$2,500
$167,500
$7,000
Government bonds
State bonds
RR. and inis. bonds
516.500
♦8.000
1,463.500
7,395.500
Total bonds....
$7,919,000
13,803,000
*306,500
20.445,900
I64.165.0J0
$702,400
253,463.300
+ 15,274,500
$134,917,400
$290,524,650
36.356,950
DAILY TRANSACTIONS AT THE BOSTON AND i’HIl/ADKLPHlA
EXCHANGES
Boston
Week ending
lyol
Listed
shares
.Bond
Listed
shares
sales
Unlisted
shares
$37,000
3.485
49.400
41.400
4,287
9,231
9,790
17,620
17,450
21,743
20,600
27,000
35,226
5,254
5,988
158,809
80,121
$140,200
129,522
27,067
$4,000
33,000
45,2:;0
10,500
11,896
20.384
22.254
16.581
23,181
Bond
sales
3,433
6,024
4.483
$8,088
22.622
21,961
30,423
39,469
36,256
Saturday
Monday
Tuesday
Wednesday..
Thursday
Friday
Total
Philadelphia
Unlisted
sharks
39,475
5 i .900
47,500
$206,676
Outside Securities
Weekly Review of Outside Market will be found 'on
A
Street Railways
Bid
Ask
NEW YORK CITY
Bleeck St<fc Ful F stk 1.
Hist mort 4s 1950 ..J-J
IB’
*
V
& 5b1943
on
8'waiy surf 1st &egu
UCent’l Crosst’u stk.
Hist M 6b 1922 ...M-N
GenPkN&Elt stk
Dry UEBA3D
VlBtl
'
flscri
jScrip
5s 1914
Eighth
Iglith Avenue stk.
ifscrip 6s 1914
11 42d db Gr St F’y stk.
...
...
28
85
220
100
235
104
list
106
300
115
193
170
list
106
108
95
98
315
360
98
400
70
103
96
350
60
$102
I)2d Income 6s 1915 J-J
Inter-Met—See Stock Ex
cha’ge
68
k Exc
96
160
180
111st mort 5s 1909 M-N $100
Consol 6s 1948....
$107
ou
So E'er 1st 6s 1919...A-(
Third Avenue See&Wcl
150
$100
$100
Exch
Tarry W P & M 6s 192) $ ys
YkeraStRU 5s 1946A-L } 98
28th do 29th Sts 1st 5s ’9t
90
Exch
102
250
108
180
160
Exch
42d St M & St N Av.
11 let mort 6s 1910
2Sixth
AVenue
Boulev
6a 1945..J-J
stocli
31
$101
liTwenty-Tli’d St stk 10( 300
Union Ry 1st 5s 1942 F.A $100
Westchest 1st 5s ’43 J -J $100
73
list
list
100
180
Brooklyn City stock.
Cou 5s
Bee Stock J
Bfcln (Jrosfttn 5s 1908.J-J
196
102
109
165
104
103
list
100
101
103
400
106
105
M-S $ 97
Gug5s 1953
No Hud Co Ry 6s’14J-J
6s 1928
J-J
Ext 5s 1924
M-N
Pat City con 6s ’31. J-D
2d 6s
1914 opt A-0
So Side El (Chic)
Bee C
$109
$107
$100
$110
$100
102
Trent P <fc H 6a 1943J-D $100
102
United Rys of StL—
33 Hi 34
Com vot tr ctfs
100
100
11 Preferred
70°b 71
Gen 4s 1934....See Stk Exch list
Excli
list
UmtRysSanFran aeeStk
Wash Ry <fc El CO....100
38*2 39*2
79
Preferred
100
80S.
4s 1961
J-D
79*2 80
28
34
UWest Chicago St ....100
72
76
M-N
TJCon g 5s 1936
NEW
g’27.J&J $100*2
102
Bee St k Exc h list
186
100 170
New Amsterdam Gas—
1st consol 68 1948..J-J
NY«fc ERGas 1st 5s’44J-J
Consol6s 1945
J-J
N Y<fc Richmond Gas.100
Nor Un 1st 6s 1927.M-N
UStandard Gas
com
li Preferred
1st 6ft 1930
Amer
$ 96*2 97 Sa
$10L*2 103*2
100
$ 98
35
$100
37
102
80
100
..100
100
M-N $100
106
XlOO
x 91
103
93
*e
50
100
Binghamton Gas 6s 1938 $ 96
Brooklyn Union Gas deb
1U5
list
list
180
92
104
102
Exch list
65
75
68 1944
104
A-U
1st 4ft 1951
Bee St k Exc h list
N Wb’g & Flat latex 4*ss
99
L12
Steinway 1st 6a 1922.J-J $108
Brk C&N 5s 1939.J-J
OTHKR CITIES
108
Chicago City Ry
List
Rapids Ry....l00
Rapid Tran St Ry..l00
235
A-O $105
1]Gr Rap Gist 5s’15 F-A $102
Hudson Co Gas
110
100
Indiana Nat cfc Ill Gas—
1st 6s 1908
M-N
1st g
Kansas
50
A-O $
6s 1952
Jackson Gas 5s g
City Gas
IlLaclede Gas
li Preferred
$
’37
100
100
100
130
8
list
92
125
45
50
103
111
16
50
20
94
95
9S
100
00
60
90
40
30
.
...
iBuyer paya scor’d int. f Prloe pec ah. f Sale price.
10(1
45
100
no
60
Hudson RiverTeleph 100
1iN Y&N J Teleph...;00
II North western Tcleg. 50
105
72
95
25
aRx-righte.*Ex-div.
Industrial and IVIiscel
Cons Storage BatterylOU
138*o Corn Prod Ref Bee Stock
Exch
Crampa’.Sh & En Bldglou
liOracible Steel
100
84
TfUniou Ferry stock .100
111st 58 1920
M-N
70
104
107
L06
32
91
91H
93 >2
91
-93
97*2 97°h
983< 98 \
97
98
97
9834
U7*v 98 S?
99
974
95
LackSteeig5s i909 ..M-S 5 964
5s g 1910
M-S ) 95 4
Lake Sh & M So 5s’ lo F-A $ 99 4
Lou & Nash g os ’ 10.M-S
993«
974
Mich Cent08 1910
F-A
Minn& StLg5s’ll.. F-A
Mo Pac 5s Feb 10 ’08. F-A
Nat of Mex os ’07.opt A-O
N Y Centos 1910.... F-A
Penn Co gu4 4s 1907 M-N
Pa RK 5s Mar 15 ’10.M-S
St L M So’east 4 4s’09 J -D
StL&SF g4‘u,08...J-D
South’n oolilr 5s ’09. A-O
South Ry g 5s 1910.. F-A
Tidewater con Co 6sl909
U S Rubberg5s’08..M.S
Wabash 5s, May 10 1909
99
994
99 4
99^
...
4
99
99
99 H
pref.100
.
1
1
90
60
3
3
98
65
......
Co.-
83*2
Paper. 100
•>
100
•23
83
li Preferred
100
fiBetlil’ni Steel Corp .100
100
II Preferred
Bliss Company com....50
11
130
130
350
Preferred
60
Bondde Mtg Guar....100
Borden’s Coud Milk.. 100
Preferred
loo
110
British Col Copper
5 t
1\
Butte Coalition Min.. 15
28*,
Casein Co of Am com..lou
3
Preferred
lou
70
Casualty Co of Amer. luO 130
Celluloid Co
lou
128
Cent Fireworks com.loo
10
Preferred.
65
100
Central Foundry
100
2*2
Preferred
100
13
Deb 6s 1919 op ’01 M-N
70
Century Realty
100
Ckeaebrough Mfg Co 100
City Investing Co.... 100
HClaflin (H B) com....100
1st preferred
100
2d preferred
100
Col <& Hock Coalift 1 pf 100
1st g 6s 1917
J-J }
Col tr 6s Oct 1956..J-J
Conaolid Car Heating 100
Cons Ry LtgA Refrig. 100
Consol Rubber Tire.. 100
Preferred
100
Debenture 4s 1951 a&O
sCook.
^Sells
oa
89
95 *2
Exch list
luduntrial and Mhicel
Alimeek Mining
25
Alliance Really
lou 12(3
Allis Chalmers Co 1st m
s f 5s ’36 opt ’16.. J-J
$ 70
American Book
loo 160
American Brass
lo<
145
^American Can see Stoc k Ex
American Chicle Co.. 100
180
Preferred
loo
99
Am Graphopho com..100
40
Preferred
10U
80
Amer Hardware
10b
113 *2
Am Malting6s 1914.J-D
100
Amer Press Assoc’n.lUU
95
Ain Soda Foun com,.10U
1
1st preferred
100
2d preferred
100
Am St Found Os ’35 A&O $ 94
American surety
60 187*2
American Thread pret..6 1
4’-,
AmTobac (new) com 100
340
Am TyP'do’ra com...100
39
Piefeired
100
97
lstsf g 5s’19 op ’09. J - J
UBarney & Sm Car ...100
Empire Steel
100
9
100
11 Federal Sngar.com.. 100
1) Preferred
100
IJGeneral Chemical ..10U
1) Preferred
100
50
11
52**
55
85**
50
80
65
7b
98
Gold Hill Copper
lt
Greene Cananea
20 t
Greene Con Copper...10 t
Greene Consol Gold... 10 f
Greene Gold-silver.... 10 t
99**
14
16
24
2
M 16*»
25
1*4
14
14
200
225
Ref g 4s 52 op 12...J-J
Hall Signal Co
100
Havana Tobacco Co.. 100
Preferred
lOo
i 90
92
118
18
22
lstg5s June 1 ’22.J-D
60
63
M-S
103
107
Her’g-Hall-Mar.new.lOO
cfc ImplOO
38
—
75
t2»*
Hecker-Jones-Jew’l Mill
1st 6s 1922
20o
M-N $100
100
5
Preferred
100
40
Hudson Realty
100 120
54
Ilngersoll-Rauit com. 100
IJPref vt tr ctf -
103
7
44
135
-••••*
90
13 5*”
125
7*2
‘2 2 \
100
7*4
23?*
Exch list
Bee Stock
If Col tr 44
Internatl Nickel ....too
Preferred
lOi
nu
83
185
400
95
100
90
93
74
82*2
97
44
3*2
4
20
36
Preferred
120
87
98
100
f
85
130
Madison So Garden.. 100
2d 6s 1919
M-N
UManliatt Beach Co. 100
Manhattan Transit....20
Mex Nat Construo.pflOO
Mitchell Mining
10
Preferred
102
170
155
list
187
102
44
85
115
103
100
3 (3
t
National Surety
lot
^
6
8
24*
IO0
105
175
105
t 154
11New Central Coal
20
N J Ter Doekdfc Imp.lOU
50
Nipissing Mines
IjOntario Silver
17
4**
44
Nevada Cons’d Copper.5
Nev-Utali Min dc am.li
N Y Biscuit 6s 1911.51-8
N YMtge<fc Security. 101
IjNew York Dock ....100
IJPreferred
HMi
N Y Transportation...20
Niles-Bem-Pond com. 100
6
p7s
106
t
15*
5*
54
37
102 4
175
185
35
70
25
07
(
S
3*
100
no
5't 14
44
100
tis Elevator com....100
Preferred
luu
Phoenix Securities
t
I
50 t
Pittsburg Brewing....50
Pittsburg Coal Bee Stock
Pope Mauufacturing.lOU
1st preferred
luo
2d preferred
100
Pratt <fc Whitn pref..100
Public Serv Cor^) of Va—
lstm g 5s Juiy 1936 opt
Realty Assoc (Bklyn)luu
Royal BakPowd pref.100
Safety Car Heat& LtlOO
Seneca Mining
25
Singer Mfg Co
luo
Standard Cordage.... 1U0
M.g.5s.’3i red.. A.C
AdJust.M.5s.Apr 1,1931
Standard Coupler couilUO
list
25
80
6
t 24
Nat Bank of Cuba....IOC-
1st
95
195
5
355
42
LOO
50
140
X
16
75
Mortgage Bond Co...100
Preferred
75
*
Monougahela R Coal..50 t
Con mtg g os 1930.JdcJ
Income os 1930
10
Chic Sub way
100
17*, 17*2
Ft W <fc Den Cy .std.,100
Great Northen Ore
Bee
tk E X list
N Y N H dc HartfordCon deb 3 4s 1966. J&J Z 105
107
Nortn’n Securities Stubs 100
125
Pitts Bess & L E
50 t 35
36 *2
Preferred
50 t 70
74
Co ....See Balt
12
125
Lorillard (P) pref ...100
994 TIL
974 Ml
'ackiy Companies See Stk K
Railroad
Coll5sextMay ’ll.M-S
5
15
Z 97
98
International Salt....100
10
50
1st g 5s, 1951
Z 99 4 99 ni
60
A-O
6
9934 1004 International Silver. 10o
8
65
Z 9:»4 99 8|
Preferred
lot.
74)
105
100
994
1st 6sl948....
4
108
J-D
55
z 984 99
Lackawanna Steel... 100
60
Z 96
1
122*
964 Ljanston Monotype
20
12\
190
Z 954 964 Lawyers Mort Co
200
100
98 4
52
99
70
ljLeli do Wilkesb Coal.50
95
y54 Lord dfc Taylor
100 125 130
Z 97
Westingh E1& M 68.1907 $100
L004
Wheei’g<fc LK 5s ’08-F-A
964 974
Ill. C. stk.tr. cfs.ser.A’52
Seaboard Air Lino—
33
85
19
1|Prel'erred
101
95-s 1 iiternat’lBankinKColUO
964 Urnt’n’l MerMartrctf 100
96 4
6*^.
19
30
80
loO
1O0
100
100
7,, 100** Hoboken Land
US*.
99
115s 1910
98 7c W9*e Houston Oil
75
93 7e
98*2
64
94
Preferred
Electric Vehicle
Preferred
GugirenlieimExplo'n.lOO
65
9.J3*
98
11 Railroad Securities
Electric Boat
Hackensack Water Co
BuftEoch&P g4 *2S’09FCentCross’n gn5s’09M-N
Chic & Alt 5s 1912... J-J
Ch R X & Pac 4 ^s’07. J- J
4 4s 190^
A-O
Chic «fc W Ind os ’10 F«fcA
Cin Ham & D 4 tvs’08.M-S
Erie 6s, Apr 8 1908
Interb R T g 4s 1908 M-N
6s Mch 1910
M-S $
Kan C So g 5s Apr ’12 J -J z
Deposited stock...
Undeposited stock
Prior lien g 4 48’30M&s
5 +
Douglas Copper
Preferred
Short Term Notes
Am Gig «er A 4s ’ll.M-S
Ser B 4s Mchl5’12.M-S
-_ni Tel & Tel g 5s ’10 J • “
Atlan Ooa-d L 5s ’ 10.M
list
DomimonCoppei(new)l<;
1
89
Ash
11
65
*2
60
■
8
^Preferred
100
71
73
UDiamond Match Co.loO 11274 ill®
115
80
101
80
luo
105
100
30
75
‘29
Bid
55
98
B A NY 1st 6s 1911.J-J
N Y & E R Ferry stk.100
1st os 1922
M-N
N Y & Hob con 5s’46.J-D
Hob Fy 1st 5s 1946 M-N
N Y<fc N J 2d 6s 1946. J-J
10th & 23d Sts Ferry 100
1st mort 5s 1919...J-D
LXXXIV.
Ask
80
11434 114 7fc
Ferry Companies
Brooklyn Ferry stoc-kl
Amer Writing
Preferred
94
94
60
Laiay’eGaslst6s’24.M-N
32
Log* Wab V lst68’25.J-D
Madison Gas 6s 1926.A-O $106*2 110
06
$130
132
87
89
91
list
106
UCon g5s 1948
J-D 105
107
fo Hudson L H «fc Pow—
107
6s 1938
A-O $102
24
O A Ind C Nat A Ill .100
73
1st 6s 1926
28
J-D
32
x list
65
70
list
102
U Con a 6s 1949....M-S 9 98
95
Stfc Josepi Gas6sl937.J-J $
85
05
Electric Companies
94
60
hicago list
72
123
128
75
t 95
98
104
65
70
Preferred
76
100
80
00
70
4s 1949
J-D $ 69
70
Columbus (O) St Ry..l00 101
103
Preferred
100 107
109
Ooium Ry con 6s Bee Ph da list
Oroaat’wu lst5s’33.J-D $100
105
Preferred
100
84
Lake' St (Ohio) El
Bee C hicago
VLouiav St 6s 1930..JdbJ $104*2
Lynn* Bos 1st 6s ’24.J-D $105
UNew Orl Rys * Lgt. 100
23»<
1] Preferred
100
72\
Stk
E
llGenMg4ij8 ’35 See
North Chlo Street Bee C hicago
Pnb Serv Corp of N J100
85
Tr ctfs 2% to 6% perpet
64
Coll 6s g notes ’09 M-N $ 92
Nort li J ersey St Ry 100
40
1st 4s 1948
M-N i 70
Cons Trac of N J...100
73
,
1st Os 1933
J-D $103
New’k Pas Ry 6s ’30J-J $106
115
6s 1909 conv ’07...M-S
Buffalo City Gas stocklOO
6
Exoh
1st 5s 1947
Bee Stock
Cou Gas of N J 6s ’36 J-J $ 89
Consumers’ L H & Pow—
5s 1938
J-D $102
Elizabeth Gas Lt Co..100 275
Kftsex & Hudson Gas 100
120
40
Fort Wayne 6s 1926..J-J
53
Gars & El Bergen Co..100
Indianapolis Gas
Buffalo street Ry—
1st consol 5ft 1931..F-A $106
Deb 6s 1917
A.O $104
=
100
Bay State Gas
99
Bee C liicago
Light & Tract. 100
Preferred
Franklin
UGold <fc Stock
Seaboard
YORK
1|Mutual Gas
Central & So Amer. 100
oramer Un Tel (N Y).25
Emp & Bay State Tel 100
Chio Peo & St L
liicago list
105
Syracuse Rap Tr 6s 1946 $104
Cent Un Gas 5s
Con Gas (N Y)
99
195
list
BkiiHgtslstfis 1941 A-C 100
Bkln (jCo<fc Sub Bee Stk Exch
Bklyn Rap Tran Bee Stk Exch
UConey Is. (fc Bklyu ..10C 150
1st cons g 4s 1948..J-J
88
70
116
98
Gas Securities
$ 99
$103
1
Ask
OTHER CITIES
B li<fc W E 5ft 1933.
1st 6s 1921
preceding page.
Street Railways
Bid
Pub Serv Corp N J (Con)
35
J C Hob & Paterson 100
4s g 1949
M-N 3 69
So J Gas El & Trao 100
116
BROOKLYN
Grand
a
Bid
75
135
113
75
n,
Pacific & Atlantic
97,000
$7,395,500
Telegr cfc Telephone
%AmerTeleg* Cable 100
IlSouthern & Atlantic 25
BONDS
May 3
[VOL*
THE CHRONICLE.
1046
14*
3b
85
3»
90
*2 -*
3130
60
Excli
32
61
list
24
45
50
12
^
fl02
GS*-102
-55
70
4u0
34
40
7
50
155
105
265
89
510
7
48
10
60
125
8
32
89
530
Preferred
100
115
Standard Milling Co.lOU
6
Preferred
luo
28
1st 5s 1930
M-N ’
77
2*2 Standard Oil of N J ..10u 526
24
Swilt(fc Co See Boston St K Exc h’g»
84
1st 6s 1910-1914...J-J $
rtlOO*4
70
IjTexasifc Pacilic Coal 10U
78
82
1st 6s 1908
138*2
A-O $104
12
Title Ins Co of N Y..1UU
170
50
Tonapah Min (Nevada).1 t lo
184
140
Trentoul’otteriescomlOO
14
17
134
Preferred new
....luo
92
100
Trow Directory
376
45
1U0
95
Union Copper
170
lu t : 1
14
113
Union Typewr com.. 100
87
84
8
1st preferred
luu 115
120
2d preferred
29
100 112
120
4
United Bk Note Corp..50 t 58
62
Preferred
80
60
50
62*%
140
91
H U uitedCigarMfg. ,pf. 100
94
135
Jmted Copper
61*2 62
100
15
Preferred
85
100
95
75
U. S. Casuaity
lou 226
3
U S Envelope com... 100
30
15
97*2 100
UPreferreif
100
U S Steel Corporation195
Col tr s 16s’51 opt ’ll
$109*2 no
430
Col tr a f 5ft *51 not opt.. $108S no
98
U S Tit Gu& Indem.100
100
107
U Utah Copper Co. see S tk Ex list
95
43
44
Waterbury Co, com..100
Preferred
100
102
Westchester
&
*76
Bronx
85
Title dfc Mort Guar.109
1674 l72**
100
33
101*2 Western Ice
33**
40
Westingh Air Brake..50
150
4*2 IfWest El <fc Mfg— 5s Bee
Stk E x ll»t
6
White Knob Min
10
4
^
25
Preferred
10
24
2*«
38
Worthing Hump pref. 190 '115 ' 119
8t’k Rxch.. but not
..
a very
active aoeoritv*
May 4
1047
THE CHRONICLE
1907.]
Smrjeatwjent *rod S&iltiyad iaAtUx^tnct.
-Tvy
&
EARNINGS.
GROSS
RAILROAD
weekly or monthly return*
the latest week or month, and the last two
week or month. We add a supplementary
not begin with July, but covers some other
The returns of the street railways are brought together separately on a subsequent page.
The following
table shows the gross earnings
of every STEAM railroad from which regular
be obtained. The first two columns of figures give the gross earnings for
eolumna the earnings for the period from July 1 to and including such latest
Statement to show the fiscal year totals of those roads whose fiscal year does
tin
period.
Week or
Month.
ROADS.
Current
Previous
Year.
Year.
Ala Great Southern —See Sout hern Rail way.
Ala N()4 Tex Pac.
52,000
50,000
N O & N East... 1st wk Apr
22,000
26,000
Ala & Vicksburg 1st wk Apr
22,000
28,000
Vicksburg Sh & P 1st wk Apr
Current
Year.
1
Ala Tenn & North._ February
k Atch Top & S Fe. March
February
Atlanta & Chari
4,697
_
8,379,627
346,723
116.306
2,616,754
6,493,268
....
Atlan BIrm & Atl’c
Atlantic Coast Line.
Baltimore & Ohlo..
Bangor & Aroostook
Bcllefonte Central..
Bridgeton & Saco R
,
Buff Roch & Pitts..
Buffalo & Susq
Canadian Northern
■
Canadian Pacific
Central of Georgia..
Central of N Jersey
Chattan Southern._
.
.
Chesapeake & Ohlu.
Chesterfield & Lane
Chloago & Alton Ry
_
February
March
March
March
March
February
3d wk Apr
March
3d wk Apr
3d wk Apr
3d wk Apr
March
3d wk Apr
March
February
March
3d wk Apr
3d wk Apr
—See New
_
....
325,122
5,197
3,008
172,442
154,747
____
....
.
2.714
3,239
2,250,793 2,146,559
3.723
5,196
996,081
1,024.099
143,911
154,711
120,333
113,287
.
....
Chic Great Western
Chic Ind & Loulsv.
rChlclnd & Southern
Chic Mllw & St Paul February
March
r Chic & North West
Chic St Paul M &t)_ March
wk Apr
3d
Chic Term Tran RR
Cln NO & Texas Pac —See Sout
Glnclnnaf Northern —See New
Cle.v Cln Chic & St L —Sec New
.
....
January
March
_
Dul So Shore & Atl.
,
_.
....
February
3d wk Apr
3d wk Apr
3d wk Apr
3d wk Apr
_
March
Erle
Evansville & Ter JH —See Rock
March
Fairchild AN E
....
‘
109,940
132, 231;
18,765, 617' 18 ,204,218
24,794
32, 630
,081,018
9,776, 209
,133,572
7,641, 430
.749,018
4,786, 504
Peoria &
Rutland
N Y Chic & St L.
N Y Susq & West..
Norfolk & Western.
Northern Central..
Northern Pacific
Pacific Coast Co
d Penn—East P & E
d West of P & E.
Peoria & Eastern..
Phila Balt & Wash.
....
....
....
....
February
.
13166969
12531269
Inc.477, 200
Previous
Year.
Year.
115616582 107304982
Inc. 3,40 6,200
York Cen tral.
1,362,707 1,264,507 12,281,201 11,233,001
543,723 5,923.797 5,807.016
595,663
2,677,288 2,439,786 22,907,647 21,242,841
_
...
Current
7.814.163 7,524,362 70,999,312 68,198,290
3,700.694 3,584,210 32,366,419 30 457 120
4,070,972
453,181 3,879 501
405.399
1,920,423 1,699.270
239,051
271 ,456
2,350,704 2,203,409 20,374,962 18,860,854
2,014,521 1,908,854 18.896,966; 17,803,275
249,315 2,296,701 2,393,793
231,870
681.430
774,626'
79,763
76.586
1,077,047 1,169,291 10,625,849 10,034,172
201,638
2,125.178 1 ,995 048
221,901
7.599,507 7 211.997
827,171
958,686
237,969 2.276,392 2,116,386
274,933
2,777,454 2,548,019 22.861,172 21.044,071
967,710 9,178,379 8,400,779
1,011,910
5,153,720 4,807,250 49,707.612 46,352 976
4,428,974
44 3,855
4,746,031
539,493
....
March
March
—See New
March
Philadelphia & Erie February
Pitts Cln Chic* St L March
Pitts * Lake
Erie —See New
461.055
1.685. 231
,492,109
224,362
399,541
-
1,648
47,939
285,256
_
March
March
March
March
March
March
March
March
March
March
March
March
March
March
March
Previous
Year.
Year.
.
Vork Cen tral.
39 ;57»
62 280
4,733
7,496
Raleigh* Southport February
31,543 576 31,208 ,2211
3,679,953
March
3,701,401
Reading Railway..
March
2,562,234 3,039,713 27,889 079 26,920 ,952
Coal & Iron Co
M arch
6,263,630 6,739,666 59,432 655 58,129 ,173
Total both cos
132,505 1,195, 138 1 ,065 ,195
149,609
February
Rich Fred & Pot
456 .870
561 598
44,830
58,485
February
Rio Grande June
454 ,162
486 670
9,175
11,535
Rio Grande South.. 3d wk Apr
391
39,335
,532
44,729,
4,167,877
March
5,276,795
Rock Island System
4,416,718 3,716,187 37,163, 091 32,296 ,898
e St L & San Fran March
188,032 1,719 123 1,656 ,756
175,496
f Evans & Ter H. March
9,869,010 8,072,097 83.611, 606 73,289 .187
Total of all lines. March
—See New York <Vn tral
Rutland
1,049,096
1,160,468
111,971
144,538
St Jos & Grand IsL February
St Louis A San Fran —See Rock Island Sy stem.
7,276,215
8,566,906
157.284
198,923
St Louis Southwest. 3d wk Apr
1,393,686 1,318,608 10,590,502 9,870,533
Seaboard Air Line.. February
237,329
293.334
25.799
28,104
Sierra Railway .... February
138,SI 5 1,224,003 1.105,209
129,004
Southern Indiana._ March
10090 533 8,974,747 92,414,516 78.760,903
cSouthern Pacific Co March
988.126 45.643.635 43,485.508
Southern Railway._ 3d wk Apr 1,066,399
163.038 8,470,012 7,446,317
184,619
Mobile & Ohio... 3d wk Apr
155,156 6,760,389 6,703,320
156,189
Cln N O * Tex P. 3d wk Apr
70,294 3,253,628 3,038.792
71,882
Ala Great South. 3d wk Apr
174,509 1,706,428 1,456,024
214,569
March
Ga South & Fla.
790,423
15,806 1,014,805
27,740
3d wk Apr
Texas Central
224,137 13,548.288 10,701,197
273.159
3d wk Apr
Texas & Pacific
58.214
57,631
7,033
7,366
Tidewater & West. February
377,772 3,588,603 3,289,032
341,998
Toledo & Ohio Cent March
1,069,713
19,996 1,020,252
22,459
Toledo Peo & West. 3d wk Api
65,096 3\3l 8,036 3,368,981
73,008
Toledo St L & West 3d wk Apr
32,041
41,918
4.667
5,328
Tomblgbee Valley.. February
557,244
626,606
69,063
86,260
Tor Ham & Buffalo March
6,200,783 5,106.913 50,230,046 50,767,525
Union Pacific Syst. March
735.732
770.114
95,980
95,640
Virglnla & So West. March
568,588 22,657,605 20,675,175
710,040
4th wk Apr
Wabash
3,784,130
122,218 4,518,841
164,771
Western Maryland. 4th wk Apr
340,310 4,009,970 3.713.470
398,810
West Jersey * Sea. March
76,480 4,781,381 4,415,772
113,565
Wheel & Lake Elrle. 3d wk Apr
94,300
87,172
13,789
12,962
W’msport & N Br_. December
532,099 4,347,834 4,184.621
540,531
Wlsconsln Central. January
142,637
153,293
17,871
18,355
Wrlghtsv* Tennille February
891,204 7,293,453 6.474.470
66,884
Yazoo & Miss Valley March
.
.
.
....
____
234,425 10,869 733
244 537
28,594
466, 562
56,968
163 936
18,977
320, 377
35,378
355,800 16,934, 901
21,725 1,037, 621
62,351 3,421, 794
57,051 2,581, 597
4,560,961 4,184,061 39,462, 809
260,165
33,848
60,467
20,354
38.015
399.500
28,922
73,954
61,333
Eastern
Cincinnati North.
Pitts & Lake Erie
1,394,266
1,370,001
155,141
304 539
,713,099
910,196
,367,178
,439,524
,890,904
Island S ystem.
—
Fonda Johnst&Glov February
March
Georgia RR
31,814
35,325
Ra 11 way
hern
York Cen tral.
York Cen tral.
164 827
186,338
Colorado Midland.. February
A Col & South Sys._ 3d wk Apr
Col Newb & Laur... March
Copper Range
32;284
6 ,861,760
Michigan Central.
Cleve C C & St L.
York Ceu tral.
,
Cornwall
Cornwall & Lebanon
Denver & Rio Gr.
Detroit & Mackinac
Det Tol & Iront Sys
46,194
43, 807
31, 781
6,644, 642
N Y C & Hud River
Lake Shore & M S
Lake Erie & West
Chic Ind & Sou..
4,331,720 4,045.356 40,711,382 37,427,508
5,706,104 5,067,306 51,713,096 47,437,854
1,151,115 1,012,176 10,698,509 9,948,046
____
>
968,296
28,270
31, 8911
69,003 636 60 .284,833
2,839 646! 2 .731,469
708 934
1,016, 676i
19,957 337 18 ,305,170
60,569, 317 57 ,697,477
.824,764
2,378, 012
1,346 264 1 ,208,325
122,300 5,446, 700 4 ,167,500
126,200
1,367,000 1,271,000 56,386, 116 49 .006,404
202.700 10,068, 414! 9 ,436,054
216,900
2,075,931 2,101,100 19.449, 565 18 ,814,376
.
'
4,435
6,939,538
356,266
90,971
2,415,469
6.711,095
251,932
4,89
2,937
69,180
151,209
2 ,248,892
1 ,047,939
Curreitt'
Week or
Month.
ROADS.
Previous
Year.
2,483 666
1,208 393
1,262 520.
July 1 to Latst Date.
Latest Gross Earnings.
July 1 to Latest Date
Latest Oross Earnings.
17,950
484,496
2,183,166
18,731
1,456
520,119
46,324
273,734 "2.349,236
hern Rail way.
Geprgla South* Fla —See Sout
766,938 34.784.454 31,782,564
868,876
Grand Trunk Syst_. 3d wk Apr
96,060 4,759,027 4,334,230
123,507
Gr Trunk West.. 2d wk Apr
33,763 1,449,248 1,271,578
35,248
Det Gr H & Mil.. 2d wk Apr
34,099 1,552,889 1,522,405
29,564
Canada Atlantic- 2d wk Apr
March
4,194,207 3,846,685 38,163,318 36.977,852
Great Northern
219,785 2,055,482 2,054,023
245,948
Montana Central. March
4.440.155 4.066,470 40,218,800 39,031,875
March
Total system
46,369 2,007,556 1,701,734
52.675
Gulf & Ship Island. 3d wk Apr
561,237 4,950,227 5,054,320
425,455
Hocking Valley.... March
March
5,076,630 4,640.563 42,124,348 38,843,183
•, Illinois Central
115,000 7,218,958 5,556,198
149.000
3d wk Apr
( Inter & Great North
129,561 5,736,130 5,006,218
143,492
alnteroceanlc (Mex) 3d wk Apr
54,113 2,561,498 2,425,383
58,078
3d wk Apr
Iowa Central
177,474 1,712,613 1,630,236
174,219
Kanawha & Mich.. Mar oh
701,057 6,685.352 5.646,520
785,136
: Kansas City South. March
'Lake Erie & West’n —See New York Cen tral.
....
....
....
.
.
_
....
....
__
.
.
_.
_
-
....
....
York Cen tral.
Lake Shore & M Sou —See New
-
Lehigh Valley
Lexington & East..
Long Island
Louisiana & Arkan.
Louisville & Nashv.
Macon & Blrmlng..
Manistee & No East
Manlstlque
Maryland & Penn..
a Mexican Central..
a Mexican Intcrnat.
a Mexican Railway.
a Mexican Southern
Michigan Central
Mineral Range
MlnneaD & St Louis
Minn St P & S S M.
Mo Kansas & Texas
Mo Pac & Iron Mt._
Central Branch._
Total
..Mobile Jack &KC
Mobile * Ohio
Nash Chatt & St L.
a Nat RR of Mexico
Hidalgo & N E_.
lev-Cal-Oregon
levada Central
N Y Chic & St Louis
N Y Ont & Western
Si
March
February
....
.
March
March
3d wk Apr
March
....
....
....
February
.
March
March
February
3d wk Apr
2d wk Apr
_
2,977,131 2,820,631 26,430,864 25,381,514
42,250
36,961
Inc. 61, 868
340,321
361,106
Inc.713, 763
754,737
863,645
107,406
95,031
813,215 38,935,622 34,477,810
966.195
127,061
130.688
14,611
13,839
39,767
46,569
66,182
58,596
5,403
4,151
270,008
263,410
28,541
28,682
2,548.389 2,229,926 19,628,866 18,185.422
142,415 6.596,480 5,674,095
178,330
148.700 5,922,700 5,168,600
158.500
951,576
998,118
24,480
24.448
York Cen tral.
618 593
604,024
13,571
14,311
63,082 3,077 784 3,012,301
64,855
860
9,349,310
9,974
214,865
274,542
363,221 21.117 046 17,334,407
490.306
818,000 37,483 105 34,327,077
044,000
32,000 1,330, 322 1,555,313
35,000
850.000 38,813, 427 35,882,390
979,000
743 921
466,475
92,984
139,700
2d wk Apr
See New
3d wk Apr
3d wk Apr
3d wk Apr
3d wk Apr
3d wk Apr
3d wk Apr
3d wk Apr
December
—See Sout hern Rail way.
981,985 8,871,885
March
1,139.918
295,202 12,352,196
337,051
3d wk Apr
799.562
18.448
3d wk Apr
203,644
3,933
3,702
2d wk Apr
56,672
5.692
March
6,540
—See New York Cen tral.
617,877 6,073,542
March
646,418
....
....
8,032,643
11,022,189
177.794
36,918
5,665,157
AGGREGATES OF GROSS
Monthly Summaries.
Cur'nt Year Prev’s Year.
S
week
week
week
week
2d week
3d week
4th week
1st week
2d week
3d week
2d
3d
4th
1st
Feb
Feb
Feb
Mch
Mch
Mch
Mch
April
April
April
roads)
roads)
roads)....
roads)....
».
(43 roads)
(44 roads).
(41 roads)....
(42 roads).._.
(44 roads)....
(43 roads)....
(39
(42
(43
(43
9,477,481
9.780,541
10,828,667
9,747,374
10.161.319
10,149,406
14,765,658
9,726,621
10,329,969
10,414,820
$
8,672,351
8,954,573
10,201,031
9,025,944
9,292,598
8,978,802
13,485,514
8,688,049
9,045,571
•9,069,733
Inc. or Dec.
Manlstlque
Mexican Railway
Mexican Southern
New York Central
Lake Shore & Michigan South
Lake Erie & Western
Chicago Indiana & Southern..
Michigan Central
Cleve Cln Chic & St Louls....
Peorla & Eastern
Cincinnati Northern
Pittsburgh & Lake Erie
Rutland
N Y Chicago & St Louis
Northern Central
d Penn—East of Pitts & Erie...
d West of Pittsburgh & Erie..
Phila Baltimore & Washington.
Texas & Pacific
West Jersey & Seashore
Previous
Year.
Year.
Mch
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jem
Dec
Jan
Jan
1
to
to
to
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Feb
Mch
Feb
Mch
28
31
28
31
April 14
April 14
Mch
Mch
Mch
Meh
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Mch
Feb
Mch
Feb
Apr
Mch
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
28
31
28
21
31
3,975,69*
15,041
4,169,419
14,723
91,828
13,291
89 346
15,101
2,332,400 2,006,600
372,24*
387,767
21,788,770 21,292,254
10,429,137 10,023,253
1,192,070 1,323,050
733,956
621,090
6,718,518
5,664,572
6,304,144
5,516,53*
739,974
698.978
222,660
213,84*
3,249,72*
575,231
2,446,17*
2,751,02*
35,357.841'
3,191,511
593,839
2,583,298
2,907,625
37,203,541
lnc.1,33 4,700
3,775,463 3,549,0**
1,225,459 1,175,33*
7,569,622 7,033,62*
148,523
198,068
5,261,713 4,216,79*
870,134
951,164
EARNINGS—Weekly and Monthly.
%
$
+ 805,130
+ 825,968
+ 627.636
+ 721 430
+ 868.721
9.28
9.22
6.15
7.99
9.35
+ 1,170,604 13.15
9.49
+ 1,280,144
+ 1,038 572 11.95
14.19
+ 1,284,398
+ 1,345,096 14.82
Monthly Summaries.
Cur'nt
$
Month
Month
Month
Month
Month
Month
Month
Month
Month
Month
June 1906 (113
$
Inc. or Dec.
%
%
12,11
roads). 146,010,301 130,233,293 + 15,777,008 13.73
1906 (117 roads) .
1906 (118 roads) _
Sept 1906 (122 roads).
Oct
1906 (119 roads).
Nov 1906 (123 roads).
Dec
1906 (127 roads).
Jan
1907 (123 roads) r
Feb 1907 (122 roads).
Mch 1907 ( 06 roads).
July
Aug
Year Prev’s Year.
168,336,461 148,013,565
179,191,945 159,835,022
134,551,471 171.553,520
198,733,229 179.405.267
186 696,274 175,727,985
184,235.595 170,746,769
173,212,305 162,623,883
162,283,902 152,555,191
77,540,501 71,896,303
+ 20,322,896
+ 19,356,923 12.11
7.58
+ 12.997,951
+ 19.327.962 10.77
+ 10,971,289 6.24
+ 13,488 826 7.90
+ 10,588.422 6.51
+ 9,728,801 6.05
+ 5.644,198 7.85-
c Includes the Houston & Texas Central and Its subsidiary lines In both
& Eastern Illinois In both years, f Includes Evansville A Indiana RR. h
affiliated lines, excepting Trinity & Brazos Valley RR. k Includes In both years earning*
Ry.
a Mexican currency,
b Includes earnings of Gulf & Chicago Division,
years,
d Covers lines directly operated,
c Includes the Chicago
•arnlngs of Col. & South., Ft. Worth & Denver City and all
Denver Enid * Gulf RR., Pecos System and Santa Fe Prescott & Phoenix
Atlanta & Charlotte Air Line
Bcllefonte Central
Manistee & Northeastern
Philadelphia & Erie
Pitts Cln Chic & St Louis
Rio Grande Junction
Current
Period.
Various Fiscal Years.
Includes
104*
THE CHRONICLE.
For the third week of April our
43 roads and shows 14.82% increase
the same week last year.
Third week of April.
1907.
j
$
i
Previously reported (27 roads).
7,736,757
71,882
216,900
Chattanooga Southern
1
3,239
113,287'
Chicago Indianapolis & Louisv_
Cin. New Orleans Ac Texas Pac.
156,189
Colorado & Southern
260,165
j1
Detroit & Mackinac
28,922
Toledo
Detroit
& I ronton
73,954
Gulf & Ship Island
52,675’
Minn St Paul & S S M
274,542
Mobile & Ohio
1
184,619
Rio Grande Southern
11,535
Southern Railway
; 1,066,390
Texas Central.
27 740
1
Toledo Peoria & Western
22,459
Wheeling Ac Lake Erie
113,565
Alabama Great Southern
Central of Georgia
Total (43 roads)
Net Increase (14.82 %)
10,414,829
final statement covers
in the aggregate over
I
1906.
!
; Increase. 1 Decrease.
s
$
:
6,666,180 1,070,577
70,294
1,588
202,700
14,200
2,714
525'
120,333
\
1,033'
155,156
234.425,
25,740
$
21,725'
46,369;
214,865
163,038
9,175!
988,126
15.806
19,996
76,480
i
7,046
7,197
11,603
6,306
59,677
21,581
2,360
78,273
11,934
2,463
37,085
_r_
9,069,733 1 352,142
1 345,096
7,046
month in these
columns, and the latest statement of
this kind will be found in the issue of
next will appear
in the issue of May 18.
April 20 1907.
Gross Earn'gs
Current
Previous
Year.
Year.
$
$
Roads.
Atl Ac Chari Air Line.a.-Feb
346,723
356,266
Mch 1 to Feb 28.
4,169,419
3,975,698
Atlantic Coast Llne.a
Mch 2,616,754
2,415,469
19,957,337 18,305,170
July 1 to Mch 31
Bangor & Aroostook. b.Mcli
325,122
251,932
July 1 to Mch 31
2,378,012
1,824,764
Buff & Susquehanna-a.-Mch
154,747
151,209
July 1 to Mch 31
1,346,264
1,208,325
Canadian Paclfic.a
Mch 6,132,910
5.093,286
July 1 to Mch 31
52,071,116 45,122,404
Central of Georgia.a
Mch 1,147,185
1,047,781
July 1 to Mch 31
9,416,814
8,810,654
Chattanooga Southern a.Mch
15,319
12,917
July 1 to Mch 31
121,745
102,213
Chesapeake & Ohio.b---Mch 2,250,793
July 1 to Mch 31
Chicago & Alton
18,765,617
Mch
.a
1,024,099
2,146,559
18,204,218
996,081
9,081,018
-Net
Current
Year.
The
Earnlngs-
$
68,567
1,111,123
Previous
Year.
$
111,752
989,384
707,736
5,071.869
748,448
6,042,356
111,099
788,599
111,244
694,536
34,893
433,285
59,322
448.939
2,245,736
1,844,664
18,001,918 16,505,041
305,764
326,398
2,244,338
2,569,020
1,249
2,403
863
8,244
723,926
853,088
6,648,049
7,242,607
329,503
312,145
3,353,100
2,791,032
278,698
235,311
2,934,696
2,712,202
8,065
7,630
41,632
46,321
July 1 to Mch 31
9,776,209
Colorado & Southern-a-Mch 1,112,469
938,363
July 1 to Mch 31
10,106,987
8,846,019
Oolum Newb Ac Lan.a-.Mch
33,848
28,594
July 1 to Mch 31
244,537
224,362
Cornwall RR
a.Mch
20,354
18,977
10,586
7,937
July 1 to Mch 31
163,936
155,141
76,470
79,353
Denver & Rio Grande. b-Mch 1,699,380
1,482,707
642,423
449,463
July 1 to Mch 31
15,778,501 14,644,999
5,895,865
5,699,442
Duluth So Sh Ac Atl.b_.Mch
260,836
252,309
66.056
77,523
July 1 to Mch 31
2,407,588
2,274,240
726,891
757,468
Erie RR.a
Mch 4,560,961
4,184,061
1,135,038
1,036,782
July 1 to Mch 31
39,462,809 37.880,904 10,773,506 10.709,964
Mch
Georgia RR.a
285,256
273,734
60,507
57,033
July 1 to Mch 31
2,349,236
2,183,166
468.096
659,875
Gulf Ac Ship Island .a
Mch
223,986
198,908
62,226
60,289
July 1 to Mch 31
1,836,859
1,565.975
438,261
509.660
Hocking Valley.a
Mch
425,455
561,237
60,984
177,174
July 1 to Mch 31
4,950,227
5,054,320
1,464,811
1,866,747
Illinois Central_a
Mch 5,076,630
4,640,563
1,779,957
1,536,971
July 1 to Mch 31
42,124,348 38,843,133 12,399,918 12,064,647
Interoceanic of Mexico.. Mch
648,000
623,845
207,768
196,180
July 1 to Mch 31
5,333,004
4,636,931
1,375,208
1,331,960
Kanawha Ac Michlgan.a-Mch
174,219
177,474
23,909
30,956
July 1 to Mch 31
1,712,613
1,630,236
434 614
374,728
Keystone Teleph Co.a.-Mch
85,396
69,730
43.537
29,146
July 1 to Mch 31
732,481
604,773
341,617
271,851
Lehigh Valley.b
Mch 2,977,131
2,820,631 01,123,656 01,207,595
July 1 to Mch 31
26,430,864 25,381,514ol0,063,902 o9,852,204
Long Island_b
Mch
Inc 61,868
Dec 22 723
July 1 to Mch 31
Inc 713.763
Inc 172,933
Louisiana & Arkansas a.Mcli
95,031
107,406
30,502
40,361
July 1 to Mch 31
863,645'
754,737
248,519
283,096
Louisville Ac Nashv. b
Mch 4,361.620
3,712,381
1,175,931
1.115,894
July 1 to Mch 31
36,128,532 31,977,560
9,779,996
9,392,530
Maryland Ac Penna.a
Mch
28,6821
28,541
9,156
8,726
July 1 to Mch 31.
263,410
270,008
87.520
92,497
Mexican International..Mch
763,623
261 ,203
714,650
341,086
July 1 to Mch 31
6,066,764
5,253,346
1,972,381
2,335,573
Mineral Range, b
Mch
70,637
62,513
13,678
14,688
July 1 to Mch 31
579,182
563,239
123,105
120,698
Nashv Chatt Ac St L-b .Mch 1.139,918
981,985
230,904
276,118
July 1 to Mch 31.
8,871,885
8,032,643
1,862,805
2,015,376
National RR of Mexico.Mch 1,407,974i
1,261,519
493,793
499,912
July 1 to Mch 31
11,401,051 10.201,824
4,131,856
3,888,801
Hidalgo & Northeast .Mch
82.374
20,144
July 1 to Mch 31
746,402
201 .384
Nevada Central.b
Mch
6,540i
5,692
3,006
3.029
July 1 to Mch 31
56,672
36,918
18,844
18,648
N Y Ontario & West.a..Mch
646,418
617,877
189,504
183,264
July 1 to Mch 31..
6,073,542!
5,665,157
1,947,073
1.624,761
Norfolk & Western, b
Mch 2,777,454
2,5 18.019
1,003,696
1,044,612
July 1 to Mch 31
22.861,172 21,014,071
8.448,555
8,532,896
Northern Ontral.b ...Mch 1,011,910i
1 13,096
967,710
191,596
Jan 1 to Mch 31..
2,907.625'
2,751,025
4 59,108
301.108
Pennsylvania —Lines directly operated
East of Pitts Ac Erie
Mcli 13.166,969' 12.531,269
3.153.809
3,618,209
Jan 1 to Mch 31
37,203,541 35,357,841
8,085,317
9,052,217
West-of Pitts Ac File.Mch
Inc
477,200
1 no 2 04,800
Jan 1 to Mch 31
Inc 1,,334,700
Inc 1 23,700
Phlla P.alto Ac Wash.b .Mch 1,362.707
1 ,264,507
195.318
279.918
Jan 1 to Mch 31
3,775,463
3,549,063
430,114
659,514
Reading Railway Co— Phlla & Reading.b
Mch 3,701,401
3,679,953
1,333,747
1,413,703
July 1 to Mch 31
31,543,576 31,208,221 11,465,127 12,438,466
Coal A: Iron Co. b
Mch 2,562,234
3,059,713
64,309
225,973
July 1 to Mch 31
1 .470,352
.27,889,079 26,920,952
1,839,870
Total both cos.b
Mch 6,263,635
1 ,398,056
6,739,666
1 .639,676
58,129,173 12.935.479 14,278,330
.
-
.
.
-
Roads.
Reading Ry. Co. (Con )
Reading Co
July 1 to Mch 31
Earn’gs-
Net Earnings
Current
Previous
Year.
Year.
Previous
Year.
$
LXXXIV.
$
$
Mch
$
126,569
1,171,199
135,704
1,128,254
1,524,625
1,775,380
14,106,678 15.406,590
232,699
147.020
2,587,691
1,768,354
2,597,729
3,166,638
33,099,827 26,59Q,939
Total of all cos
Mch
July 1 to Mch 31
St Louis Southwest., b--Mch
886,422
769,927
July 1 to Mch 31
7,975,478
6,780,053
Southern Pacllic.a
Mchl0,090,533
8,974,747
July 1 to Mch 31
92,414,516 78,760,903
Southern Railway System—
Southern Rallway.a.-Mch 5,013,527
4,869,328
812,692
1,311,030
July 1 to Mch 31.
42,454,252 40,460,129
9,193,953 11.527,797
MoblleAc Ohio.a
Mch
991,358
836,792
324,105
275,563
July 1 to Mch 31
7,913,485
6,964,411
2,536,665
2,319,806
Cin New Oil & T P.a.Mch
686,368
786,447
124,496
193,324
July 1 to Mch 31
6,297,656
6,237,738
1,180,602
1,473.646
Alabama Gt South.a.Mch
337,055
331,069
64,636
64,844
July 1 to Mch 31
3,049,724
2,836,371
569,564
555,707
Georgia South Ac Fla.a.Mch
214,569
174,509
47,242
28,085
July 1 to Mch 31
1,706,428
1,456,024
322,928
361,299
Toledo Ac Ohio Cent.a.-Mch
341,998
377,772
58,361
93.492
July 1 to Mch 31
3,588,663
3,289,032
1,089,970
923,205
Tol St L & Western.a.-Mch
321,542
344,546
p95.761
P95.317
July 1 to Mch 31
3,100,340
3,166,551
p844,275
7)757.618
Union Paclfic.a
Mch 6,200,783
5,106,913
2,347,602
2,196,986
July 1 to Mch 31
56,230,046 50,767,525 25,743,340 23,595,904
United States Tel Co
Feb
45,096
41,468
18,347
17,140
Jan 1 to Feb 28
90,185
83,683
42,433
38,354
Victor Fuel Co
Mch
246,994
201,488
53,621
51,864
July 1 to Mch 31
1,907,711
1,577,477
445,125
360,776
West Jersey Ac Sea Sh b-Mch
398,810
340,310
21,818
66,218
Jan 1 to Mch 31
951,164
870,164 defl78,894
104,606
Yazoo Ac Miss Valley.a.-Mch
866,884
891,204
185,566
260,297
July 1 to Mch 31
7,293,453
6,474,470
1,219,457
893,457
*
Net Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is
given
once a
-Gross
Current
Year.
-
,
62,351
[VOL.
-
aJ'Jet earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
o Including other Income, total Income (exclusive of results of
coal com¬
panies) for March Is $1,173,032 in 1907, against $1,247,109 In 1906, and
for period from July 1 to March 31 Is $10,813,673 In 1907, against
$10,233,290 In 1906.
Deductions from total Income for additions and Improvements
were $143,825 In March 1907, against
$129,762 in 1906, and for July 1 to
March 31 were $1,499,729 In 1907, against $1,033,948 last year.
p For March additional Incomewas $614 In 1907, against $2,052 In 1906
and from July 1 1906 to Mch 31 1907 was $25,640, against $17,308 last
year’.
Interest Charges and Surplus.—The following roads, in
addition to their gross and net earnings given in the
foregoing,
also report charges for interest, &c., with the surplus above
or deficit below those
charges:
—Int., Rentals. &c.—
Current
Year.
$
Roads.
Bangor Ac Aroostoo
..Mch
July 1 to Mch
Denver & Rio Gran
..Mch
July 1 to Mch
..Mch
1
to
343,903
340,610
3,116,448
116,642
816,184
.051,516
0466,360
63,992
589,922
19,603
179,799
88,707
—
Mch
..Mch
July 1 to Mch 31.
..Mch
July 1 to I
Mineral Range.
-
-
-
-
-
N Y Ontario Ac
.Mch
July l to l
Norfolk & Wesl
July 1 to 1
—
.Mch
—
.Mch
July 1 to Mch 31..
St Louis Southwestern- .Mch
July 1 to Mch 31
—
Toledo Ac Ohio Central. .Mch
July 1 to Mch 31..
..Feb
Jan
1
to
Feb
28.
July 1 to Mch 31.
(1389,459
(12,951,868
£def21.897
£def37.616
£9,378
£9,789
£def.5,481
£1,130,313
£3,831
£185,196
3,985
3,834
5,171
45,462
£def2,128
149,018
1,344,449
40,501
16,946
93,518
148,500
1,344,506
75,917
669,401
401,874
3,478,748
890,500
8,014,500
153.321
1,364,651
361920
332,405
10,799
27,428
20,767
169,188
636.796
1,277,672
353,874
601.822
3.061,169
4,969,807
867,882
634,125
7,810,934
6,092,178
144,094
£85,464
1,301,596 £1,315,473
38,361
£21,714
348,101
£764,513
10,799
7,548
26,020
15,005
20,482
£42,569
166,073
£349,848
12,879
94,918
_
i.Mch
44,023
196,678
42,058
-
..Mch
July 1 to I
Nashv Chatt &
July 1 to 1
$
59,134
482,676
771,775
a51,722
a464,995
67,480
574,681
20,516
194,252
..Mch
Georgia RR
July 1 to Mch 31
—Bal. of Net E'ngs.—
Current
Previous
Year.
Year.
$
67,076
591.921
3,183,609
Duluth So Sh & Atl
..Mch
July 1 to Mch 31
Jan
Previous
Year.
72,604
$
52,110
211,860
(J188.118
(J2.822.968
£def37,648
£def52,340
£6,700
£208,476
£112,541
£1,475,581
£11,874
£260,182
4,892
51,996
£def2,043
£28.918
£29,005
81,886
518,356
113,587
127,618
670.870
110,660
987,965
690,738
5,471,727
907,498
7,595,656
£11,290
£560,018
£56,017
£579,692
6,341
12,334
£43,590
£270,868
Charges here Include road rental (paid by lessee) and other deductions.
d These, llgures are after allowing for other
Income and for discount and
exchange.
The sum of $10,000 Is deducted every month from
surplus and
placed to the credit of the Renewal Fund.
x After allowing for other Income
received.
a
STREET RAILWAYS AND TRACTION
Latest Gross Earnings.
Name of
Road.
Week or
Month.
i
Current
Year.
j
$
aAmerlcan Rys
March
cAur
March
March
March
Co
Elgin & Chic Ry
Binghamton Ry
Blrm Ry Lt Ac Power
Brockton Ac Ply St Ry
Burlington (Vt) Trac
Cape Breton Elec Co.
227,144
101,354
1
'
...
February
January
February
_
..
_
Central Penn True... March
Chari Con Ry Gas&Ll March
Chicago Ac Mllw Elec. March
dChlcago Ac Oak Park March
Cleve Palncsville Ac E March
Cleve Southw Ac Col.
March
Dallas EleeCorp’n
January
Detroit Jack’ll Ac Chic 3d wk Apr i
f Detroit United Ry__ 3d wlc Apr 1
Duluth Street Ry
,3d wk Apr
East St Louis Ac Sub. March
El Paso Electric
February
Ft Wayne Ac Wabasli
i
....
_
..
.
__
.
Valley Traction... February
Galveston Electric Co February
Hartf Ac Spring St Ry February
Havana Electric Rv.‘ Wk Apr 28
_
.
_
.
23,338
185,082
5,485
0.217
15,927
56,903
56.135
64,114
73,916
18,585
51,374
87,324
|
COMPANIES.
Jan.
1
to
Previous
Year.
Current
$
$
196,000
82.089
2 1 ,567
149,440
5,401
6.200
Year.
630,704
277,186
65,646
537,129
11.680
6,217
35.661
latest date.
,
(
Previous
Year.
$
574,532
237,958
61,402
436,164
11,137
6,200
17.622
50,528
51,841
40,453
163,947
179.522
74,145
213.069
15,450
42,321
78,327
52.073
145,639
87.324
78.327
36,559
104,044
15,075
148,715'
27,797
078,001
1.769,573
223,796
474,559
73,002
1,540.328
206,335
425.725
55,143
83,340;
71.951
174,518
23,437:
9,106
32 193
18,300
9,140
28.811
48,985
19,737
152,096
37,650
18.434
561 .57 7
494.118
6,117
111,997
10.128
165,4111
160.972
37,522
145,890
156.147
120,489
211.809
45,238
128,606
tBSi.
iMB st
Mat 4
Week, or
Month.
$
Honolulu Rapid Tr &
Land Co
Houghton Co St Ry_.
Houston Electric Co.
Illlnois Traction Co..
Jackson Consol Trac.
Jacksonville Elec Co_
Kan City Ry & Light
Lex & Inter Rys Co._
Madlson & Int Trac.
Manila ElecR&L Corp
Met West Side Elev..
Mllw Elec Ry & LtCo
Mil w Lt H t & 'Trac Co
Montreal Street Ry_.
Nashvllle Ry & Light
NJ&HR Ry&Fy Co
N O Ry & Light Co..
Current
Year.
Previous
Year. !
i
Current
Year.
Previous
Year.
July
March
.
February
February
30,909
15,205
.
45,278
286,158
11,115
30,006
.
March
March
February
March
March
March
March'
_
11,786
78,000
234,412
305,419
54,205
62,973
109,498
April
March
March
Wk Apr 20
February
_
30,598
March
March
Nor Ohio Trac & Lt._ March
Norf & Portsm Tr Co February.
Nor Texas Trac Co.
January
Northwestern Elev
April
Oklahoma City Ry._ March
....
February
Heat & Power Co..
Sao Paulo Tr Lt & P
Savannah Electric Co
South Side Elevated.
Terre Haute T & L Co
Toledo Rys & Light.
Toronto Railway
Twin City Rapid Tran
United RRof SF...
United Ry** of St L_.
Whatcom Co Ry & Lt
67,981
66,820
183,713
43,947
65,406
164,754
45,821
147,972
87,762
35,872
54,902
158,285
198,230
529,147
89,389
433,118
289,636
82,686
145,552
496.416
192,19.8
502,798
95,439
424,309
252,130
73.711
114,733
460,149
,681,030
,047,498
1,496,750
1,164,116
,494,162
2,286,290
54,770
44,376
.
69.081
171,988
61.003
_
March
Wk Apr 27
3d wk Apr
February
M arch
.
....
February
.
113,167
116,941
53.535
126,366
11,280
9,133,
125,617
87,766
155,350
102,087
38,692
March
February
229,000
923,312
887,681
156,279
967,234
232.443
81,860
1,595,713
375,883
2S0.577
74,953
534,872
47,924
23,596
127,584
-
76,814
_
Syracuse Rap Tr Ry. March
Tampa Electric Co__ February
116,719
34,176
-
420,871
32,685
March
March
February
30,542
61 ,733
1,380,994
479,797
37,365
March
February
827,599
.
.
February
218,982
28,508
82,346
668,302
28,991
47,284
1,221,711
97,559
26,687
22 ),880
811,241
804,559
130,435
838,808
203,164
70,471
1,491,331
334,607
243,600
53,535
501.222
29,553
19,343
125,617
.
.
January
95,371
486,245
..
Peekskill Light & RR
Portland Rys Co
Puget Sound Elec Ry
Rio de Janeiro Tram
Light & Power
Rockford & lnterurb
St Joseph r Mo) Ry Lt
83,188
81,149
518,721
133,834
128 .55 8
74,953
135,201
19,012
10,957
127,584
105.775
..
.
88,992
13,676
39,269
10,191!
22,371!
407,630!
31,542
9,378
72,500
206,2151
274,026
44,785,
55,927
97,232
24,497;
478,464
41,738
....
28,318'
108,061
/J509.504
903,145
25,707
Kan City Ry & Lt Co
June 1 to Mch 31
97.891
563,906
790,838
20,405-
reported this week. A full detailed statement, including allroads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of April 27 1907.
The
next will appear in the issue of May 25 1907.
-Gross
Roads.
—-—Net Earnings
Previous
Current
Year.
Year.
Earn'gsPrevious
Year.
$
Albany & Hudson.b—
36,924
Jan
1 to Mch 31
40,559
175,814
180,371
July 1 to Mch 31
Auburn & Syracuse.b
59,698
Jan
1 to Mch 31
69,965
225,838
262,669
July 1 to Mch 31
Elmira Water Lt & RR Co (RR Dept only) b —
Jan 1 to «Mch 31
47,718
43,809
163,898
152,723
July 1 to Mch 31
56,667
197,572
3,593
53,659
3,195
46,437
478,464
4,753,616
10,191
122,258
407,630
4,265,751
219,570
2,367,668
188,399
2,142,598
26,41 1
106.998
23,970
95,398
8,508
47,355
8,809
40,565
41.738
31,542
97,559
16,262
116,719
38.717
6,773
25,057
518,721
1,595,713
486,245
1,491,331
258,517
828,419
218,370
725,572
def 10.962
6,392
72,405
118,905
def5,769
65.763
1 to Mch 31
Jan 1 to Mch 31
Niagara Gorge, b —
1 to Mch 31
Jan
July 1 to Mch 31
Oswego Traction Co.b—
Jan
1 to Mch 31
7,146
135,753
8,944
to
487,281
1,524,116
203,272
632,277
197,708
651,364
11 .047
53 ,35 2
6.1 10
18,692
1
561,758
.787,651
4,788,123
143,614
416,438
Syracuse Lake Sh & Nor.b—
Jan
1 to Mch 31
July 1 to Mch 31.
_
_.
Syracuse & Suburban.b—
Jan 1 to Mch 31
17,844
102,734
1 13.708
309,338
15,390
def.883
31,320
arc
after deducting taxes.
given
are
before
Interest
deducting taxes.
Charges and Surplus.
—Ini., Rentals, Ac.—
Previous
Current
Roads.
Albany &
Hudson
July 1 to Mch 31
Auburn & Syracuse—
1 to Mch 31
July 1 to Mch 31
Jan
Year.
S
Year.
t
27.666
80.748
22.414
—Bal. of Net E'ngs.—
Previous
Current
Year.
Year.
S
%
—
Jan 1 to Mch 31
1,398
—
8.51 l
21,466
Net earnings here given
b Net earnings here
5,135,386
—
Mch 31
July 1 to Mch 31
a
1 ,856
2,148,085
1 to Mch 31
1
1,294
9,638
2,154,899
5,332.609
5,102,113
July
Jan
*
14,053.413 12,926,600
1 to Men 31
1 to Mch 31
South Buffalo Ry Co b
10,988
33,622
60,664
223,316
July 1 to Mch 31
Lexington & Inter Rys.Mch
Jan
11,968
36,318
144,398
442,709
Kingston Consolidated-b—
July 1 to Mch 31
Rochester Railway, b —
9,329
43,111
308,420
1,306,371
International Ry Co (Buffalo) b—
bJan 1 to Mch 31
996,998
3,407,918
July 1 to Mch 31
Crosstown St Ry (Buffalo) b—
Jan
1 to Mch 31
158,054
494,782
July 1 to Mch 31
11,115
Jackson Consol Tr Co
Mch
136.681
May 1 to Mch 31
Jan
17,925
95,642
330,485
1,456,221
286,158
827,599
Philadelphia Company_b—
24,189
113,356
906,645
3,083,412
Illinois Traction Co .a.-Mch
Jan 1 to Mch 31
Mch
3,182
40,592
93,518
299,595
28,318
83,188
New Orleans Ry & Lt.b
Jan
1 to Mch 31
5,950
44,545
218,982
668,302
30,909
88,992
Jan
$
13,444
39,154
128,176
357,680
Honol Rap Tr & L Co.b.Mch
Jan 1 to Mch 31
Kansas City Ry & Lt.b.Mch
June 1 to Mch 31
$
19.556
55,273
66,286
xdef.7,172
*4,661
xdef.4.766
X15,74
15.897
48,108
*4.849
*59,503
*2,439
*48,366
*161
*155
6,394
19,182
5.257
15,772
*8,036
*21,401
*6,224
*19,505
248,858
238,454
721,031
*96,797
*874,657
*81,844
*692,426
46.833
141.411
*15,906
*84,456
*11 .110
x59, t>32
—
743,637
46,074
142,778
2,967
2,879
30,621
626
316
32.108
21,551
15,816
152,052
1,464,064
135,907
1,365,062
67.518
903,604
777,536
10,025
38,000
9,929
37,646
*def. 1,375
176,480
499,440
160,070
456,157
1 to Mch 31
1 to Mch 31
New Orleans Ry & Lt___Mch
Jan 1 to Mch 31
Niagara Gorce—
Jan
1 to Mch 31
July
l to Mch 31
Jan
1 to Mch 31
July 1 to Mch 31
Rochester Railway—
1 to Mch 31
Jan
July 1 to Mch 31
South Buffalo Ry Co—
Jan 1 to Mch 31
July 1 to Mch 31
*
3,297
3,441
106,003
315,162
7,902
27,515"
82,037
328,979
58,300
269.415
*def.2,077
*def. 1,366
93,746
*105,909
281 798
*338.165
*107.191
*387.194
8,722
*3,5 54
*def .2,498
25,939
*26,68 2
xdef.7,081
*def 1,950
*679
756
1.078
1 to Mch 31
July 1 tr. Mch 31
Syracuse & Suburban—
Jan 1 to Mch 31
Jan
*def970
*3,369
1,113,688 *1,171 .402 *1,176,967
3,243,975 *2,285,711 *2,171,983
1,072.574
3,241.782
Syracuse Lake Shore & Nor—
*9,795
52,492
12,996 *def24.238 *def 18.774
*31 .764
*25,896
39,940
13,299
41,091
Oswego Traction Cch—
Jan 1 to Mch 31.
3,727
*27.794
8.815
*30
Aft* avowing for other Income recel\-u
ANNUAL REPORTS.
Annual
Street Railway Net Earnings.—The following table giv< s
the returns of STREET railway, gross and net earnings
*8,180
July
cludes Rapid Ry. Syst., Sandwich Windsor & Amhcrstburg Ry. and Detroit
Monroe & Toledo Short Line Ry.
h These are early preliminary returns;
decrease due to earthquake. Are and strike among employees, Aug. 26 to
Sept. 5 1906.
37,345
Kingston Consolidated—
x
a Figures for the month in both years include operations of the Scranton
Ry., acquired Jan. 1 1906.
b Figures are from Feb. 1.
c These llgures are
for consolidated company,
d These are results for main line, f Now In¬
Current
Year.
$
Mch
Philadelphia Company—
52.812
*def 871
38,172
1 to Mch 31
International Ry Co (Buffalo)
1 to Mch 31
Jan
July 1 to Mch 31
Crosstown St Ry (Buffalo)
Jan 1 to Mch 31
July 1 to Mch 31
Jackson Consol Tr Co
Mch
May 1 to Mch 31
$
Dept only) —
12,103
12,346
Honolulu Rap Tr ALCo.Mch
Jan 1 to Mch 31
Jan
Year.
Year.
t
Roads.
Elmira Water Lt & RR Co (RR
Jan
1 to Mch 31
5
—Bal. of Net E'ngs.—
Current
Previous
Year.
Y ear.
$
5
—Int.. Rentals, die.—
Current
Previous
Jan. 1 to latest date.
Latest Gross Earnings.
Name of
Road.
1049
THE CHRONICLE.
1907.j
Reports.—The following is an index to all annual
railways and miscellaneous
published in last wreck’s “Chronicle.”
reports cited since the last editions of the “Railway
reports of steam railroads, street
companies which
wrere
The other
and Industrial” and “Street
in the index last week.
Railroads—
Pane
Phila. Balt. & Wash
992
Industrials—
American Can
994
Intern. Mer. Mar. (adv. state’mt) 994
Lanston Monotype Machine
994
Tenn. Coal. Iron & RR
993
Un. Box B’d & Pap. (bal. sheet) 994
Street Railways—•
Chicago City Ry
Georgia Railway & Electric..
..
Railway” sections were shown
(
Railroads—
746
Havana Electric
International Traction. Buffalo. 624
Inter-State Railways, Phila
570
567
Louisville Ry
Metropolitan West Side, Chicago 804
New Orleans Railway & Light.. 868
Twin City Rapid Transit
446
United Rys. Invest. Co., San Fr. 750
746 United Railways of St. Louis
570
Grand Trunk Railway of
688
Canada.
(Remarks for Half-Year—Tabular Earnings for Entire Year.)
At the shareholders’ half-yearly meeting held in London
on April 11 President Sir Charles Rivers Wilson said in part:
General Results.—The half-year ending Dec. 31 last,
review to-day. has been uneventful but satisfactory.
which we have under
We have earned the
largest Income which has ever been recorded In any half-year and for the
first time we are In a position to distribute 3 % to the third preference share¬
holders.
The gross receipts of the past half-year amounted to £3.584,847.
compared with £3,288,993 In the December half-year of 1905,an Increase
of £295,854, or nearly 9%; the number of tons of freight and live stock
moved increased about 9 5k»% and the number of passengers carried In¬
creased a little over 5
The gross receipts having been £3,584,846 and the working expenses
£2,561,496, the net traffic receipts amounted to £1,023.350, being the
first occasion on which they have exceeded
€1,000,000 In a half-year.
The net revenue credits amounted to £132,775, or a little more than
In
of
the
£32,000
excess of those
corresponding period, due to our having
on hand during the half-year a considerable balance of the proceeds of the
last Issue of 4% guaranteed stock, on which we were able, owing to pre¬
vailing financial conditions, to obtain a high rate of Interest.
The rentals
payable and the Interest on our bonds and debenture stock amounted to
£614,006. leaving a balance of net revenue of £542,119; but from this there
has to be deducted the deficiency on the Canada Atlantic Railway, less the
surplus on the Detroit Grand Haven & Milwaukee Railway, or a net deduc¬
tion of £18,654, so that the amount available for dividend out of the
working of the half-year was £523,465, and. adding to this the balance of
£16,077 carried forward last half year, we have a total sum available of
£539,542. and a resolution will be submitted to you authorizing the pay¬
ment of the half-year’s dividends on the 4% guaranteed stock and first
and second preference stock, and a dividend of 3 % for the year on the third
preference stock.
Reduction in Cost of Maintenance, Ac.—“.Maintenance of way and struc-r
tures” showed a considerable decrease, having been £513,674. against'
£625,060. a decrease of £111,386.
This decrease Is due to a considerable
extent to the special expenditure which was made during the eight years
ending December 1905 for the renewal of bridges.
The amount charged
for repairs and renewals of bridges and culverts for the past half year was
only £6,921, compared with £114,438 In 1905, a decrease of £107,517.
The amount at the credit of the renewal of bridges account, as shown In the
balance sheet, Is £52,796, which it Is now estimated will be sufficient to
complete tin* bridges covered by the original programme, after which the
charges for bridge renewals will become of a normal character.
Controlled Properties.—The Grand Trunk Western and the Detroit Grand
Haven & Milwaukee continue to give very satisfactory results.
In each
case the fixed charges have been paid and a substantial surplus has remained
In the case of the Grand Tr. West, the surplus has been carried for¬
over.
ward to the current half year, and will, no doubt, allow at the 30th June
interest at 4 % to be paid on the Income bonds,as was the case last year,
and In the case of the Detroit Grand Haven & Milwaukee some £15,000 or
£16,000 has been credited in the accounts of the Grand ’Frank towards the
repayment of advances made In former years.
The Canada Atlantic still
lags behind, but we are confident as to its future, and In the meantime con¬
siderable sums are being spent—which accounts almost entirely for the
present deficiency—In working the road up to the standard of the main line.
Progress of the Grand Trunk Pacific Ry.—The great railroad which we and
the Government of Canada are constructing across the continent of North
America will stretch almost entirely from the Atlantic to the Pacific,
namely from Moncton, In New "Brunswick, to a port that Is belug called
Into existence on the Pacific Coast, and that
has been named Prince
Rupert. The distance is about 3.600 miles, divided Into almost equal parts
the
Government
of
and
the
between
Canada
Grand Trunk Railway. [See
maps on pages 60 and 61 of “Railway and Industrial” Section.—Ed.J
The divisions from Moncton to Quebec, 450 miles, and from Quebec to
Winnipeg, another 1,350 miles, a total of 1,800 miles. Is being constructed
by the Government. and already contracts have been let on certain portions
Hi-
of the road.
From Lake Superior Junction to Winnipeg, 245 miles, the
Government is at present working: on the road, but the contractors have been
slow, and I am afraid that there may be a greater delay in its completion
than was anticipated.
As regards the Lake Superior branch of 200 miles, passing through a rather
wild country, the work is well advanced, and there is no doubt it will be
completed in the course of the present summer. Going westward from
Winnipeg work is progressing speedily between that city and Edmonton, a
distance of 790 miles, and there is no doubt that that portion of the road
will be completed this year, but possibly not quite so soon as we expected,
in consequence of the scarcity of labor; but that we shall get through to
Edmonton some time this year I have little doubt.
The delay of the
Government contractors In completing their portion between Winnipeg
and Lake Superior Junction may somewhat postpone the obtaining of a
Junction with our road.
When navigation Is open the grain and other freight will be brought
down to Fort William and be taken across the lake to our numerous ports
on the Georgian Hay, and there connect with our road.
During the close
of navigation the freight will go by the main road, running direct from
Winnipeg in the direction of Quebec.
In order to obtain access to the
Grand Trunk a branch will be built connecting the transcontinental road
with North Hay. which is the northernmost point of our system.
Surveys
have been completed for the construction of that road, which is about, I
think, 245 miles; but It Is unnecessary for us to take the work In hand until
the Government is more advanced with its wrork across that country.
Contracts have been let for construction west of Quebec, but so far no
work has been commenced beyond about 150 miles Immediately to the
west of Quebec.
Some little time will, therefore, probably elapse before
the Grand Trunk gets into direct connection with the Grand Trunk Pacific
by means of the North Hay branch.
On the other hand, we shall, within a
short period, I hope, be able to communicate by navigation with the Grand
Trunk Pacific route.
As regards the line beyond Edmonton, surveys have been made and a
great portion of the road is already located.and the
taken in hand as soon as possible; but this matter is
completion of the road from the east of Edmonton.
-
construction will be
less urgent than the
At Fort William our
harbor and wharf accommodation will be very extensive and work is going
actively In constructing the necessary buildings and making the harbor.
At Winnipeg we have made a satisfactory arrangement with our friends
and competitors, the Canadian Northern Railway, to share with them the
on
We have arranged with them to
extensive terminal accommodation.
have a union station, and connected with that there will be extensive
yards and also a large hotel.
The directors of the Grand Trunk Pacific have not been behindhand with
the ordering of the necessary equipment, and no less than 2.650 cars had
been delivered at the end of last year, and a further large number has been
contracted for.
We were hopeful that we should be able to carry a certain
amount of the harvest this year from Edmonton and Winnipeg eastward,
but owing, as I said, to the delay on the part of the Government contractors,
I am not so hopeful as I was.
In the meantime we understand that the
elevators all along the road are absolutely gorged at the present time with
grain.
It Is estimated that no less than 55,000,000 bushels of grain are
stored with the farmers and at the elevators through the country waiting
to be carried directly navigation Is open.
What the prospects of the har¬
vest may be for this year It Is impossible to say at the present time, but so
far the conditions are not otherwise than favorable and It Is satisfactory
to know that, according to estimates, about 20 % more grain land will come
under cultivation this year than last year, so that even If the harvest is
less plentiful than was last year, probably that deficiency will be made up
by tne Increased acreage under cultivation.
As you are aware, the flood
of Immigrants Is still flowing Into the country.
All through the winter,
even in the worst and severest months, we have had news of train-loads of
Immigrants being deposited at points all along the road.
At the 30th
June last no less than 3,071 miles of railway were under construction In the
country, and I understand something like 5,000 miles of new railway are
under contract during the present year.
These figures give you some idea
of the present prosperity and future prospects of the country.
Successful Sale of 4 % Debenture Stock of Grand Trunk Pacific Rv.—In
February last we made a first issue of 4 % debenture stock of the Grand
Trunk Pacific Ry., guaranteed by our company.
The moment was unpropltlous; business was greatly disturbed; the Bank rate was 5 %,and some
of the most Important and wealthiest of the American railroads were bor¬
rowing on short-date notes at 5%. at 6% and, I am told; at even higher
rates.
We were able, however, without any difficulty, to place this 4 %
debenture stock practically at par.
Passenger Rates.—Some misapprehension seems to have been caused
owing to an announcement that the Railway Commissioners had made an
order fixing the maximum rate for passengers per mile In the case of rail¬
ways east of the Rocky Mountains at 3 cents per mile.
An Impression
seems to have been created In some quarters that this arrangement would
be detrimental to the Interests of the company; but that Is not the case.
As
a matter of fact, rates charged In Ontario and Quebec are not—except in
some very unimportant particulars—in excess of 3 cents per mile.
As a
general rule they are below that amount, and therefore the effect upon the
Grand Trunk—certainly at the present time—will be practically nothing.
As regards the effect It may have upon the Grand Trunk Pacific, when that
line comes into operation—well, for a considerable time to come, certainly,
the profit will be derived from the movement of freight, and as regards the
passenger traffic, there is not much loss to be apprehended in that direc¬
tion. seeing that for some time to come our principal business will be that
of Introducing Immigrants into the country.
very
The results for the entire calendar years 1903 to 1906
inclusive have been compiled for the “Chronicle” as follows:
OPERATIONS AND FISCAL RESULTS FOR
DECEMBER 31.
12
Total earnings.
6,606,528
6,018,001
5.689.130
5,916,548
EippfiSfS
Maintenance ol way, &c.
Malnt. of equipment...
Conduct, transportation
General expenses
Taxes
801,345
1,258,953
2,387,046
149,385
149.588
73,199
827,621
696,060
2.372,321
137,498
67,160
893,724
902,508
2,254,642
145,080
835,702
810,408
2,369,566
138,388
55,052
Total
Net earnings
Other Income
4,746.317
1,860,211
240,782
4,269,153
1.748,848
202,384
4,100,660
1.588.470
198,766
4,209,116
1,707,432
183.737
Total
Deduct—
Rent, of leased lines
Int. on bonds and deb.
2,100,993
1,951.232
1,787,236
1,891,169
155,206
1,070,924
Advances. &c
41,536
Dtv. on guar stock. ..(4%)312.412
1st pref. stock
(5 %) 170,841
2d pref. stock
(5%) 126,420
3d pref. stock
(3%)214,939
155,206
1,071.143
11.070
(4)275,359
(5)170,841
155.206
1,070,507
4,809
(41255.533
(5)170,841
155,206
1,068,691
13,899
(4)214,160
(5)170,840
p.
932.—Ed.]
Taxes.—The Grand
(5)126,420
(2)143,292
(5)126.420
(5)126,420
(2)143,292
Rapids & Indiana Railway Co. paid into the State
treasury in 1906 $526,989, Its proportion of the double taxes assessed under
the new tax law of 1901, and it is stated that the State gathered from Its
railroads from $8,000,000 to $9,000,000 for such taxes, which, under the
present constitution can only be used for the support of public schools and
school districts, many of which have few or no pupils.
The effect on your company’s financial condition
coupled with the
largely increased cost of all articles used in operating railroads and the
Increase In wages for labor which was made In 1906, raises a serious question
as to whether the Grand Rapids & Indiana Railway Co. can continue to
make even the small return to Its stockholders that It has been able to do
since 1900.
Traverse Cltv Ijeelanau & Manistique Railroad Co.—This company, refer¬
ence to which has been made in former reports as being In financial difficul¬
ties, on April 23 1906 went into the hands of the Union Trust Co., of Detroit,
as receiver, and the receiver has commenced foreclosure proceedings on its
mortgage bonds.
(Compare news item on a subsequent page.—Ed.)
Manistique Marquette <fe Nortlicrn Railroad Co.—As noted in the last
report, the capital stock of this road was purchased by your company for
$9,918.
This asset has been reduced on our books to a nominal $1.
OPERATIONS AND FISCAL RESULTS.
Net Earnings
1906.
1905.
-Gross Earnings
1906.
1905.
All Lines Operated—
Grand Rapids & Indiana..
$3,900,605
$3,605,650
Clncln. Rich. & Ft. Wayne..
629,417
657,897
Musk. Grand Rap. & Ind
174,902
161,151
Traverse City RR
69,447
75,450
$765,970
127,258
42,854
14,888
$694,655
114,343
46,811
10,726
$4,479,416
$950,970
$866,536
1,171
4,778
$952,141
$871,314
$170,046
406,461
$172,475
394,022
..
Total
$4,795,103
Other income-rents
Rentals paid roads operated pn
Bond interest of Grand Rapids
Other deductions
basis of net earnings
& Indiana Ry
89,471
46,229
Total deductions
Deduct—
Balance
Dividends (3%)
$665,978
$612,726
$286,162
173,730
$258,588
173,730
Balance, surplus
$112,432
$84,858
The earnings, etc.,
of the Grand Rapids & Indiana Ry.
follows:
proper were as
EARNINGS, EXPENSES AND CHARGES (GRAND RAPIDS & INDI¬
ANA ONLY.)
1904.
414
1003.
430
1,153,537
2,258,998
193,114
$
1,114,748
1,984,449
0203,148
1.139,762
2,011,310
3,900,605
3,605,649
3,302,347
$.401,654
1,577,041
690,909
557,385
1 .549,745
1,394,323
309,299
284,980
1,452,827
470,003
468,768
288,890
3,134,634
2,6 80,488
(81.17)
6 21.855
2,704,69$
(79.61)
1905.
422
1906.
Miles operated.
423
$
$
Earnings—
1,255,075
2.441,657
203,873
Passenger
Freight.
Mall, express and mlsc
Total
$
ai50,582
c
Transportation
Maintenance of equlpm’t.
Maintenance of way, &c_
General and taxes
Total
Per cent op. exp. to earn.
Net eamlmrs
Add other Income
602,538
473,731
(80.35)
2,910,994
(80.73)
765,970
16,124
694,655
4,184
547,467
489,136
273,770
606,958
al ,875
(a)
Total
Deduct—
Interest on bonds
Other charges
782,094
698,839
621,859
608,833
406,461
89,471
394.022
46,229
391,085
50,798
391,086
131,592
Total...
Balance
Dividends (3%)
495,932
286,162
173.731
440.251
258,588
173,730
441 ,883
179,976
173,730
522,677
176,156
173,730
84,858
6,247
2,426
Balance, surplus
a
_
'
112,432
Rents In 1903 and 1904 were included in mall ..express,
Included In other Income.
&c.; net rentals
are now
GENERAL ACCOUNT DECEMBER 31.
.
“
••
Total
Balance
—V. 84. p. 450, 390.
tonnage of lower class commodities, notably coke and ore Average number
of tons per train was 283, an increase of 37 tons, or 15.1 %.
The earnings
from passenger traffic increased $100,001, or 8.8%.
Average rate per
passenger mile was 2.8 cents, an Increase of .1 of a mill.
Expenses Increased $223,640, or 7.7%, due principally to large expen¬
ditures for maintenance of way and equipment repairs. The ratio of expenses
to earnings was 80 •4 %, a decrease of 0.4%.
Renewals. &c.—Eighty-seven freight cars were re-placed under our
regular pool program for the year.
There were 546 light capacity freight
cars retired during the
year and replaced with an equal number of new
standard cars under a car-trust arrangement.
There were 2,275 tons of 85-lb. steel and 122,649 cross ties used for
renewals, and 1,623.5 tons of partly worn rails and 20,691 cross-ties used
in the construction of additional tracks and sidings.
About 45 miles of
track were ballasted with gravel, and three miles with slag.
There was a
net Increase of 1.06 miles of first track, and a net Increase of 6.3 miles in
sidings.
The traffic which it served having disappeared, the remainder of
the Osceola branch (3^ miles) was discontinued and track removed.
Industrial Activltg.—The Industrial activity was very marked, as is evi¬
denced by the fact that 48 new industries were located, as against 14 in
the previous year, and 12.5 miles of spurs and sidings were constructed
to serve them, an increase of 8 miles.
General Remarks.—The total tonnage of all lines was 4,143,345, an increase
of 350,430 tons, or 9.24%.
The total ton mileage was 423,461,129, an
Increase of 45,869,568, or 12.15%.
The average revenue per ton was 72
of
cents, a decrease
1.4 cents.
The average rate per ton mile was 7 mills, a
decrease of .4 mill.
The total number of passengers carried was 2,327,597,
an Increase of 105,804, or 4.76 %.
The average rate per passenger per mile
was 2.6 cents, the same as In previous year.
[Then follows an argument
against the justice of reducing passenger fares by legislation, as has been
done under the Act signed by the Governor of Michigan on April 18.
Com¬
pare edltlorial remarks on a preceding page and‘‘Passenger Fares” inV.84,
cp
1905.
1903.
1906.
1904.
10,663,027
10,059,436
9,256,494
10,437,753
Tons freight carried
15,916,859
14,143,210
12,971,370
12,071,370
one mile
do
.3,041,024,466 2648614,891 2458311.O80 2832994.237
Earnings—£
£
£
£
1,950,198
Passengers.
1,765,461
1,682,724
1,616,357
Mall and express
306,459
285,1
16
277,657
289,538
Freight and live stock..
4,194,744
3,808,860
3,570,336
3,876,644
Miscellaneous
155,127
150,954
154,142
145,890
LXXXJV
$182,659, or 8.1%; tonnage increased 249,951 tons, or 9.2 %; tonnage
of forest products, which was 42.4 % of the total, Increased 7.9 %; tonnage
of products of mines, constituting 26% of the total, increased 17.6%;
the tonnage of coke increased 34 %, of bituminous coal 13.5%, and of ore
49 %; ton mileage Increased 40,341,902 miles, or 12.5 %.
Average rate per
ton mile was 6.7 mills, a decrease of .3 of a mill, due to the increased
MONTHS ENDING
Operations—
Passengers carried
2,092,278
sur.8,715
1,953,332
def.2,100
1,783,316
1,892,508
sur.3,920
def.1,339
Grand
Rapids & Indiana Railway.
{Report for Fiscal Year ending Dec. 31 1906.)
President Joseph Wood, under date of Grand Rapids,
Feb. 25 1907, says in part:
Funded Debt.—Your board authorized the sale at par and accrued Interest
of $188,000 of second mortgage bonds, which were sold In April 1906 to
replace amounts that had been expended for additions and Improvements
and charged against Income Instead of capital account.
Earnings.—On the Grand Rapids & Indiana Ry. (423.15 miles) the gross
Increased
earnings
earnings
$294,955, or 8.2%;
freight
Increased
[VOL.
THE CHRONICLE
1050
Assets
1906.
$
—
1905
$
Liabilities —
Road, equip., <tc. 15 ,528,695 15,528.695 Stock
1 n
Investments
other companies
Other cos.& indlv.
Agents and condoctors
Cash
Supplies
on hand
Bills receivable
Miscellaneous
'Total
273,851
687,336
262.559
14.178
172,380
17 ,274,409
.
—V. 82. i).
.
130,223
205,188
1906.
$
5,791,700
Bonds (see “Ry. <fc
Industrial" Sec.)
140,141
9,775.000
150.000
186,848 Real estate mort..
Interest
164.773
292.645
199,973 Other cos. <fc indiv
831,004 Accounts payable.
481.531
225,110 Miscellaneous
164,142
Extraordinary
124,849 Profit and loss
17.236,620
Total
1905.
$
6,791,700
9,587,000
150,000
1162,485
1227,896
l
|493,133
354,471
67,557
6,088
448,531
402,378
17.274,409
17.236^620
1098.
United States Steel Corporation.
{Earnings for the Quarter ending March 31 1906) Vthe Corporation and
earnings for the first
quarter of the current calendar year, was given out on Tii0S-
The following financial statement of
its subsidiary companies, showing the
monthly meeting of the directors.
The “net earnings” in all cases were arrived at after deduct¬
ing each month the cost of ordinary repairs, renewal and
maintenance of plants and interest on bonds and fixed
charges of subsidiary companies. See also note below.
We
append the results for quarters in previous years.
day, after the regular
UNFILLED ORDERS ON HAND.
Tons.
Tons.
8,043,858
8,489,718
7,936,884
6,809,589
7,018,712
7,605,086
5,865,377
4,829,655
5,597,560
4,696,203
3,027,436
1907.
1906
1906
1906
1906
1905
1905.
1905.
1905
1904
1904
31
31
Sept. 30
June 30
Mch. 31
Dec. 31
Sept. 30
June 30
Mch. 31
Dec. 31
Sept. 30
Mch.
Dec.
INCOME*
ACCOUNTS FOR
Net Earnings.
June
Mch.
.Dec.
Sept.
June
Mch.
Dec.
Sept.
June
Nov.
30
31
31
30
30
31
31
30
30
1
3,192,277
4,136,961
3,215,123
3,278,742
4,666.578
5,410,719
5,347,253
4.843,007
4.791,993
2,831,692
1904
1904
1903
1903
1903
1903
1902
1902
1902
1901
QUARTERS ENDING MARCH 31.
1906.
1905.
1907.
i__.$12,838,703 $11,856,375
12,145,815 10,958,275
January..
February
March
14,137,974
13,819,840
$6,810,847
6,629,463
9,585,586
$39,122,492 $36,634,490 $23,025,896
Total net (see note below)
Deduct—
For sinking funds
Depreciation and reserve funds
Special lmprov. & replacement funds.
$1,539,955
3,865,914
1,000,000
$1,451,021
4,069,879
3,000,000
14,500,000
$1,376,997
3,673,790
10,500,000
Total deductions (sec note below) $26,591,484 $24,762,571
$14,147,570
$12,531,008 $11,871,919
$8,878,326
$6,304,919
$6,304,919
5,685,615
,
Additional property, construe., &c__
Balance
Dividend
Dividend
on
on
$6,304,919
preferred (1% %)
common (H %)
5,741,671
2,541,513
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
in London.—The
London Stock Exchange has granted an official quotation to
156,600 ordinary shares of $50 each and 67,607 preferred
shares of $50 each, in lieu of the “A” and “B” shares of the
Alabama Great Southern Railway Company, Limited, here¬
tofore quoted.
Compare V. 81, p. 1722; V. 82, p. 159; V.
Alabama Great Southern RR.—Listed
83, p. 1225.)—V. 84, p. 50
Topeka & Santa Fe Ry.—Option to Subscribe for
$26,000,000 Convertible 5% Bonds.—The management an¬
nounced on Wednesday that all shareholders of record
May 10 will be permitted to subscribe at par, from July 5
to July 10, both inclusive, for an amount of 5% convertible
bonds equal to 12% of their respective holdings.
This will
call for the issue of about $26,060,000 bonds of the $98,000,000 convertible bonds authorized by the shareholders on
Jan. 30 1907.
The proceeds will be used for extensions,
additions and improvements (compare V. 83, p. 1468;
V. 84, p. 219, 389).
In 1905 and 1906 $47,714,000 converti¬
ble bonds bearing 4% interest were sold under the $50,000,000 authorization of 1905.
(See V. 79, p. 2695; V. 80, p. 649;
V. 81, p. 1174; V. 82, p. 391, 867.)
Regarding the present offering, a circular says:
Atchison
By order of the board of directors, the privilege will be given to the
holders of the common stock and preferred stock to subscribe, during the
period beginning July 5 and ending July 10 1907, for an amount of the
10-year 5% convertible gold bonds equal to 12% of their respective hold¬
ings of stock as registered on the books at the close of business on May 10
1907.
The bonds will be convertible prior to June 1 1913, at the option
of the holders. Into common stock of an equal par value.
The subscription
price of the bonds will be their par value and accrued Interest, payable 30 %
at the time of subscription, 35 % between Jan. 5 and Jan.TO 1908 and 35 %
between June 5 and June 10 1908, Interest being adjusted at the time of
the last
Installment.
Subscription
Rayment
warrants and a circular
irnlshlng of
further
details
will be mailed
to the stockholders.
Sale.—See Phoenix & Eastern RR. below.—V. 84, p. 101,
50.
Co., Baltimore, Md.—
the laws
Bond Issue.—This company, incorporated under
of Maryland in March 1903 with $250,000 capital
stock, re¬
Co. of
Maryland,;
6% 30year
bonds. The company issues warehouse receipts
against raw materials and manufactured products, whether
stored in the company’s own warehouses or on the premises
a mortgage to the Fidelity & Deposit
as trustee, to secure an issue of $500,000
cently filed
of the manufacturer or owner.
President, Albert G. Ober: Treasurer, Thomas L. Berry,
&
of the Fidelity
Deposit Co. of Maryland; Secretary and Manager, T. E. Witters.
Fidelity Building, Baltimore.
Office,
Bahia (Brazil) Tramway, Light & Power Co.—Merger.—
The following from the “Philadelphia Financial Bulletin” is
pronounced correct:
New York Interests, closely allied with the same men who control the
Havana, Mexico City. Rio de Janeiro and other West Indian, Central and
South American electric traction and lighting properties, have completed
financial arrangements In Europe for the construction and operation of
street railways in Bahia, one of the principal cities of Brazil, the population
being 250.000.
A lighting monopoly has been taken over and extensive
water-power rights have also been acquired.
The development of the
Bahia projects will entail an expenditure of nearly $10,000,000.
The Bahia Tramway, Light & Power Co. will carry out the work.
It has
been Incorporated under the laws of Maine with a capital of $3,500,000 In
common
stock; $7,500\000 5 % 50-year first mortgage
bonds are also author¬
ized.
An Issue of $3,500,000 of these bonds has Just been made In the
London and Brussels markets.
These bonds have been floated at 90
%
and are redeemable at par.
The New Yorkers Interested Include Perclval
Farquhar, No. 80 Broadway:
William Lanman Bull, of Edward Street &
Co.. No. 17 Nassau St., and F. S. Pearson, of No. 25 Broad St.
The company has purchased the Carrls Electrieos Tramway undertaking,
operating lines In tne business portion of Bahia, along the water-front,
wharves and warehouses, and through the shopping centre to the suburb
a
Belgian capitalized concern, which holds the exclusive right to manufac¬
and to distribute electric light In the city and suburbs until
ture and sell gas
1950.
Boston Elevated Ry.—Cash Requirements.—The “Boston
News Bureau” of April 20 gives the following particulars
regarding the company’s probable cash requirements as
disclosed at the hearing before the Massachusetts Railroad
Commission on April 18 regarding the issue of $8,000,000
additional stock and $5,800,000 new bonds (V. 84, p. 930).
Probable Cost of East Cambridge Extension and Subway, $12,900,000.
Connection In Boston
$450,000
$4,450,000 Cars for Cambridge subway 1,000,000
1,000,000
Cambridge subway
6,000,000 Power and fenders
Expenditures from Organization to Feb. 1 1907 and Requirements for Con¬
struction and Equipment.
Expended to Est. balance
Total.
Construction and Equipment Exp.
Feb. 1’07.
needed.
$500,000
$500,000
Deposited with State
1,690,308
Engineers and general expenses
.
832,008
$858,300
Structures
4,822,238
778,350
5,600,618
Elevated Ry. Union Sta.
to Lechmere Square
Const’n and
equlpm’t power-houses..
Terminals and
of land
other stations exclusive
_
Rolling stock...
Machinery and tools
1,616,444
1,852,000
3,468,444
1,496,795
1,070,000
2,566,795
165,463
11,584,535
3,632,904
164,465
413,712
165,463
Equipment of subway
Equipment of tunnel..
Balance, surplus
$3,684,576 $5,567,000 $2,573,407
Note.—Beginning with Jan. 1907 charges for certain funds are deducted
before statin? monthly net earnings.
This change reduces by approxi¬
mately $200,000 per month the earnings reported, as compared with the
former method, and correspondingly reduces the charges shown as deduc¬
tions from earnings for fund reservations.
The balance of earnings after
deducting fund reserves are not affected by the change In method.
See
annual report, V. 84, p. 634.—V. 84, p. 936, 876.
Baltimore & Fidelity Warehouse
Itagipe. The concession runs until 1973, and Is exclusive for about a
mile on each side of Its lines.
The road now In operation Is 15 miles long,
but the line will be extended some 25 miles.
The franchise confers the
right to carry freight as well as passengers.
Control has also been acquired of the Compagnle d'Eclalrage de Bahia,
of
Real estate
5,796,783
3,300,000
Interest
1051
THE CHRONICLE
Mat 4 190 7. J
1,810,904
114,465
2,698,700
1 822,000
50,000
243,712
170,000
8,885,835
..$20,487,894
Total
$9,299,350 $29,787,244
An additional statement shows that $6,895,344 cash would be required
for the above outlay even If the $2,091,900 premium received from the sale
of stocks and bonds and held on deposit were applied thereto.
This esti¬
mate Is made on the assumption that the elevated structure does not go
beyond Forest Hills Square.
If It does, $1,500,000 would have to be added
above, making a total of $8,395,344 new cash required plus the use
of all premium funds on deposit.
Compare V. 84, p. 930.
[The foregoing tables, &c., have been officially revised and pronounced
correct.—Ed.]
to the
Authorized.—The shareholders on
the authorized capital stock
April 30 voted to in¬
from $15,000,000 to
$23,000,000 and the authorized bonded debt from $11,000,000 to $16,800,000, for the purposes stated in V. 84, p. 930.
California Midland (Electric) RR.—Bonds Authorized.—
The stockholders on April 25 authorized a mortgage to secure
an issue of
$3,000,000 5% 40-year gold bonds. Compare
crease
V. 84, p. 693.
Chicago
Lake Shore &
Eastern Ry.—New Stock for
Bonds.—This company, whose entire capital stock and
bonded debt is owned by the Illinois Steel Co., recently in¬
creased its capital stock from $250,000 to $2,760,000 for the
purpose of retiring, dollar for dollar, $2,510,000 of
000 bonded debt, viz., $1,200,000 5% 20-year
Mar. 1 1917 and the $1,310,000 5% 20-year
bonds due July 1 1917.
Compare “Railway &
Section of July 1905.—V. 67, p. 483.
its $4,620,bonds, due
equipment
Industrial”
Chicago Southern Ry.—Abstract of Further Provisions of
Syndicate Agreement.—The agreement made April 15 1907
between John R. Walsh, John N. Faithorn and Orville E.
Babcock as syndicate managers and the subscribers to the
fund of $2,500,000 for financing the company’s requirements,
contains various essential particulars not covered in the brief
statement published last week.
The main facts of interest
to the public are condensed as follows:
Whereas, the company has outstanding $4,000,000 2-year 5% gold bond
notes maturing July 1 1907, and has executed a mortgage dated July
to secure an Issue of 5 % gold bonds of $5,500,000, $4,000,000 of
are to be used to refund said outstanding $4,000,000 2-year gold
1 1906,
which
notes,
and the remaining $1,500,000 to complete Its line of railway; and whereas
the company proposes also to Issue $1.000,000 6 % debentures dated April 1
1907, payable on or before ten years after date, for Its general corporate
purposes; and whereas the company Is the owner of a right of way
a
point on the State line between Indiana and Illinois In Edgar County, III.,
to a point at or near Chicago Heights, Cook County. Ill., a distance of up¬
wards of 100 miles, and has completed the grading of said line and has built
the necessary bridges thereon, and has laid the rail thereon, with the ex¬
from
ception of about 38 miles of rail, and It Is desired to raise $2,500,000 for the
following purposes, to wit: $1,500,000 to complete the railway and for
general corporate purposes under said trust deed dated July 1 1906 (Includ¬
ing, it Is said, the purchase of $500,000 worth of equipment—Ed.); and
$1,000,000 to pay off the floating debt and for Interest and discounts.
Now. therefore. In consideration of the premises, the parties hereto agree:
(1) The subscribers agree to purchase $1,500,000 of the 1st mortgage
5% gold bonds of the Chicago Southern Ry. Co.; also $1,000,000 of Its 6%
debentures at the price of $2,500,000, said money to be paid to the First
Trust & Savings Bank of Chicago. Ill., as trustee, at such times as may
be required by the syndicate managers, provided that not more than $1,000,000 shall be payable prior to April 30 1907, not more than $500,000 addi¬
tional prior to May 25 1907, not more than $500,000 additional prior to
June 25 1907, not more than $250,000 additional prior to July
25 1907
and not more than $250,000 additional prior to Aug. 25 1907.
(2) Upon payment of any Installments hereunder, the subscribers shall
receive subscription certificates.
(3) The syndicate managers shall deliver to said trust company the $1.000,000 6 % debentures and also $1,500,000 of said 5% gold bonds dated
July 1 1906 for distribution under the terms hereof.
(4) Said syndicate managers shall, as soon as practicable after the
capital stock of the Southern Indiana Ry. Co. shall have been released
from the lien of said collateral gold notes dated July 1 1905, deliver to said
Trust Company $1,000,000 of 4 % preferred stock of the Southern Indiana
Ry. Co., cumulative after Jan. 1 1908 (the entire Issue of such preferred
stock to be limited to $1,000,000); also $2,500,000 par value of the common
stock of that company (the entire Issue of such common stock to be limited
to the amount of $10,000,000); such preferred and common stock ($1,000,000 and $2,500,000 respectively) to be distributable to the subscribers
hereto as bonus, as more fully set forth In paragraph 5 hereof.
(5) The syndicate managers shall have authority to use $1,000,000 of
said $2,500,000 common stock, or so much as shall seem advisable, to aid
In refunding said $4,000,000 collateral gold notes due July 1 1907.
On Sept. 1 1907, or as soon thereafter as practicable, said trust company
shall make distribution of the bonds and of the preferred and common stock
which may then be In Its hands, by delivering for each $5,000 of subscrip
tlon certificates surrendered:
$3,000 of 5% gold bondsof Chicago Southern Ry. Co..dated July 1 1906
with coupons
due Jan. 1 and July 1 1907, detached:
$2,000 6% debentures of that company, with coupons due Oct. 1 1907,
detached;
$2,000 preferred stock of the Southern Indiana Ry. Co.; and
$5,000 common stock of Southern Indiana Ry. Co. (or In the event that a
portion of said common stock shall have been used in refunding said col¬
lateral
1907, then each subscriber shall receive
gold notes due July 1
his proper pro rata proportion of
the common stock still remaining In
the hands of the Trust Company).
1052
THE CHRONICLE.
This agreement shall not become operative unless and until the entire
amount of $2 500,000 shall have been subscribed hereto.—V. 84, p. 995, 930.
Chicago & Southern Traction Co.—Mortgage Filed.—This
which recently changed hands, has filed a mort-
company,
gage
datedas Jan.
1 to covering
the Western
Trust
& Savings
of
hicago,
trustee,
railway Bank
now or
all its
electric
hereafter constructed in the countiesof Cook, Will and Kanka¬
kee in the State of Illinois, to secure an issue of $5,000,000 30-
5% bonds, of which,it is said, some $2,500,000 will be
issued in the near future for the development of the system.
—V. 84, p. 995.
Chicago Union Traction Co.—Deposits Asked.—A com¬
mittee consisting of Cyrus McCormick, Thomas Templeton,
Charles W. Ware and John F. Bass on May 1 called for de¬
posits of the outstanding stock of the Chicago West Division
Ry. ($249,400) and of the West Chicago City Ry. ($624,900)
in the hands of the public with the Chicago Title & Trust
Co. under the terms of the recent ordinance.—V. 84, p. 995,
year
930.
record:
Dividends
) ’95. ’9G. ’97. ’98. ’99. ’00. ’01. ’02. ’03. '04. ’05. ’06. ’07.
Percent ...J 6
G
5
81 j 10
10 13 W 16
16
16
10
8 Feb.2
—V. 84. p. 867, 626.
Consolidated Railway, Connecticut.—Merger.—Sec New
York New Haven & Hartford RR. below.—V. 84, p. 995, 507.
Deepwater Ry.—Merger.—The stockholders voted on
April 22 to merge the road with the Tidewater Ry. The
consolidated company will be known as the Virginian Ry.
Compare V. 84, p. 691, 626.
Delaware & Hudson Co.—J. Rogers Maxwell ill ay Be a
Director.—J. Rogers Maxwell, it is commonly reported,
will be made a member of the Board of Managers at the
annual meeting on May 14.
Interests identified with the
First National Bank of New York were recently reported as
being large purchasers of the stock and it has been suggested
that George F. Baker, President of that institution, might
also enter the D.& H. board. E.H.Harriman, it appears, also
holds a block of the stock as an investment.—V. 84, p. 931.
Denver & Rio Grande RR.—Litigation.—See Wasatch &
Jordan Valley RR. below.—V. 84, p. 507.
Detroit River Tunnel Co.—Bond Issue.—This subsidiary
of the Michigan Central RR. has filed a mortgage to the
Guaranty Trust Co. of New York, as trustee, to secure its
$15,000,000 bonds, to be guaranteed hy the Mich. Cent.
Lease.—The agreement made between the Detroit River
Tunnel Co. and the Michigan Central RR. Co., dated Dec.
19
1906, whereby the Tunnel Company leased to the railroad
for a term of 999 years from the 1st January 1907
undertaking, was on April 6 sanctioned by the
Governor of Canada in Council.—V. 82, p. 1156.
Detroit United Ry.—Injunction.—Judge Swan in the
United States Court at Detroit on April 25 granted a tem¬
porary injunction restraining the city from enforcing the
ordinance passed by the Council several weeks ago, providing
company
its entire
for 20 second service
on
several of the main lines
rush hours.
during the
The ordinance, which Is designed to prevent overcrowding', Is declared
by the company to be unreasonable and unconstitutional, and Its enforce¬
ment. It Is claimed, would necessitate an expenditure of many millions of
dollars for extra equipment and greatly Increase the cost of operation.
Decision.—The Supreme Court of Michigan, by a majorit}”
vote of five
judges,
on
May 1 handed down
a
that the city of Detroit cannot lay street
to be leased bjr an operating corporation.
decision holding
railway tracks
The City Council In 1905 ordered the Department of Public Works to
lay tracks on several streets and appropriated 510,000 to begin work,
presumably with a view of competing with the Detroit United Ry.
The
Supreme Court upholds the writ granted by the Wayne Circuit Court.
The decision. It Is thought may have some bearing on the renewal of fran¬
chises and operation of lines now in dispute.—V. 84, p. 450, 387.
Florida East Coast Ry.—Description of Key West Extension.
—See illustrated article in “Railway Age” of Apr. 19.—V.
81. p. 211.
Gainesville Electric Railway &
Name.—This Texas corporation has
ing its
p.
name
Light Co.—Change of
filed a certificate chang¬
to the Gainesville Traction Co.
Compare V. 83,
495.
Gainesville
Electric Ry.
Traction
Co.—New
Name.—See
Gainesville
A- Light Co. above.
Galveston-Houston
Electric Railway.—New Enterprise
for Stone N Webster Interests.—This company was incor¬
porated under the laws of Texas on Apr. 17 with $3,000,000
capital stock in shares of $100 each (no bonds, at present) to
build an electric railway between Galveston and Houston, a
distance of about 50 miles.
The company is backed by
Stone A Webster of Boston who already control and operate
the local trolley systems in Galveston, Houston, Dallas, Fort
Worth, San Antonio, El Paso, etc. Construction, it is said,
will begin at
The directors are:
once.
M. M. Phlnney, Dallas; David Daly, Houston; C. R. Wharton, Houston;
W B. Chow, Houston; Jesse H. Jones, Houston; William A. Wilson, Hous¬
ton; [Jesse A. Baker Jr., Houston.
Grand Trunk Pacific
LXXXIV.
Railway.—Listed in London.—The
London Stock Exchange has granted a special settling day
and
quotation.
Interim scrip certificates for £1,000,000 4%
debenture stock (see V. 84, p. 570).
Status of Enterprise.—See report of Grand Trunk Railway
under “Annual Reports” on a preceding page.—V. 84, p.
570.
Havana Central RR.—Change in Control—Offer for Stock
and.Bonds.—Speyer & Co. of thic city announce by adver¬
tisement on another page that they are prepared to receive
deposits of the common capital stock and first mortgage 5%
bonds of this company pursuant to the plan announced, as
follows, by J. Hemy Schroder & Co of London for the sale of
the same to the United Railways of the Havana and Regia
Warehouses, Limited (see also that company below):
The proposal provides that when and as soon as, within the period fixed
for the deposit of securities thereunder, or any extension thereof, there shall
be deposited with the depositary or sub-depositaries, 10,000 shares of such
common stock and $3,850,000 of said bonds, then the proposal shall be¬
come
Chicago West Division Ry.—Deposits Asked.—See Chi¬
cago Union Traction Co. above.—V. 83, p. 1228.
Cincinnati Traction
Co.—New Secretary.—Walter
A.
Draper has been elected Secretary to succeed S. C. Cooper,
who resigned.—V. 80, p. 2219.
Coney Island & Brooklyn RR.—No Dividend.—The direc¬
tors, it is reported, have decided not to declare a dividend for
the last quarter, in order to provide necessary funds for
improvements, if it is found that the proceeds of the new stock
issue of $1,500,000 are not ample for the purpose.
Dividend
[VOL.
Immediately operative.
The United Company Is to give In exchange for each $100 of the common
Stock of the Central Company exchanged £7 4s. 4d. (being $35 at 4 85) In
deferred ordinary stock of the United Company, and for each $1,000 first
mortgage bond of the Central Company £206 3s. 9d. (being $1,000 at
4 85) In 4 % debentures of the United Company, and also £4 2s. 6d. In cash,
being the. equivalent of Interest at the rate of 4 % per annum for six months
ending 30th April 1907, thereon; and Inasmuch as the dates for the payment
of interest on the debentures will be 1st January and 1st July In each year,
the further sum of £1 7s. Gd. In cash will also be paid as the equivalent of
Interest from May 1st to 30th June 1907.
First mortgage bonds must
carry the coupon maturing May 1st, 1907, and all subsequent coupons.
The deferred ordinary stock of the United Co., which Is to|given in ex¬
change for the common stock of the Central Co., will be part of an Issue to
be made amounting In the aggregate to not more than £600,000.
After 8 %
has been paid In any year on the ordinary stock of the United Co., the
deferred ordinary stock will be entitled, out of the remaining profits avail¬
able for dividend for the same year, to a like dividend, and any surplus
profits available for dividend will be distributed pro rata between the ordi¬
nary and deferred ordinary stocks.
When the two classes of stock have
received dividends of 8 % for two consecutive years, the deferred ordinary
stock will become ordinary stock for all purposes.
The 4 % debentures of the United Co., which are to be'glvcn in exchange
for the first mortgage 5% bonds of the Central Co., will be part of an Issue
to be made, amounting In the aggregate to not more than £2,070,000;
Interest will be payable half-yearly at the rate of 4 % per annum In Jan. and
July of each year, and will run as from the 1st of July J907.
These deben¬
tures will be Issued In denominations of £20, £100, £500 and £1,000, and
will be In bearer form, but may be registered at the option of the holder.
They will be payable on May 1st 1955 but will be redeemable at par by the
company at any time on six months’ notice.
The debentures, constituting
a direct obligation of the United Co., will be specifically charged on the
first mortgage 5 % bonds and common stock of the Central Co. exchanged
under this plan, and a deed of trust will be executed by the company In
favor of the trustees accordingly.
Deposits of securities will be received until 3 p. m. 31st of May, 1907, at
the office of the depositary, J. Henry Schroder & Co., No. 145 Leadenhall
Street, London, England; and with the sub-depositaries, Speyer & Co., 24
and 26 Pine St., New York, and at the Royal Bank of Canada at Montreal,
Canada, and at Havana, Cuba.
The proposal Is conditional upon Its
approval by shareholders of the United Company, as provided therein.—
V. 83, p. 435.
Interborough Rapid Transit Co., New York.—See Rapid
City below, and also V. S4, p. 997.—
Transit in New York
V. 84, p. 570, 450.
Inter-State
Railways, Philadelphia.—New Director.—
Welsh, of Robert Glendinning & Co., Phila¬
delphia, has been elected a director to succeed the late
Joseph L. Caven.—V. 84, p. 570, 220.
Kenosha (Wis.) Electric Railway.—New Stock.—This
Wisconsin corporation has filed a certificate of increase of
authorized capital stock from $150,000 to $1,000,000, its
directorate also being raised from three to five.—V. 81, p.
Charles W.
1492.
Maryland Electric Railways, Baltimore.—Sale of Under¬
lying Bonds.—Arrangements have been completed for the
sale to Brown Brothers & Co. of $750,000 of the $1,000,000
first mortgage 5% gold bonds of the Baltimore & Annapolis
Short Line, dated Aug. 1 1906 and due Aug. 1 1946, an
underlying issue of the Maryland Electric Rys. Co. The pro¬
ceeds will be used to electrify the Short Line division.
(Compare V. 83, p. 156.)
Status.—See report of United Railways & Electric Co. of
Baltimore in V. 84, p. 998.—V. 83, p. 1470
New England Investment & Security Co.—Guaranty.—
The “Boston News Bureau” has the following, but a tele¬
gram from the N. Y. N. H.
& H. RR. Co., while not
denying it does not confirm it:.
At the; present time the 4 % dividends on the preferred stock are guaran¬
teed by the Consolidated Railway Co. and are further protected by a three-
party agreement between the New England Investment & Security Co., the
Consolidated Railway Co. and the New York New Haven & Hartford RR.
President Mullen of the last-named company states that all of the preferred
stock which will Issue subsequent to the merger of the Consolidated Ry.
with the New Haven will bear the guaranty of the New Haven RR. as to
principal and Interest.—V. 84, p. 996, 570.
New York Central & Hudson River RR.—Quarterly.—
Results for three months ending March 31 were:
3 w/v.y.
19071906
Cross
Net
Other
earnings,
earnings,
income.
First charges
A: taxes.
S
S
S
S
-21,788,770 3,585,899 2,359,516 5,725,922
DiHdmds
on
.
slock.
Hal., sur.
or dcf.
S
5s
(1 ’3'7) 2,679, ISO def.2,459,9S7
-21,292,255 5.844,493 1,591.682 5,522.826 (14 %) 1,864,973
sur.4S.376
It is understood that the
earnings for the current quarter
ending June 30 are expected to make a very favorable show¬
ing.—V. 84, p. 931, 926, 872.
New York New Haven & Hartford RR.—Amendment
of
Charter—Merger of -Consolidated Ry.—The shareholders will
meet May 31 to accept the amendment to the charter con¬
tained in a resolution of the General Assembly of the State
of Connecticut, approved March 26 1907, and when such
amendment shall have become operative, to act
upon a propo¬
sition to merge this corporation with and in The Consolidated
Railway Co., a majority of whose capital stock is owned by
this company, and consolidate and make common stock
therewith under the
Hartford RR. Co.,”
name
with
of “The New York New Haven &
a
capital stock equal to the
com-
MAY 4 1907.
THE CHRONICLE.
I053ji
bined capital stocks of the two merged and consolidated cor¬
During the year ended July 1 1906 the Southern Indiana
Ry. Co. earned $590,000 net (see report V. 83, p. 1289),
and the syndicate is quoted as saying:
“The company’s
traffic is constantly increasing and will be greatly enlarged
by the completion of the Chicago Southern Ry. Moreover,
by reason of the recent change in car rentals from 25 to 50
cents a day, the net earnings of the Southern Indiana for
the current year will be increased $150,000, independent of
Assets:
Real estate, vessels, Ac., $9,297,938; merchandise, $188,969*'
increased traffic.”—V. 84, p. 997.
cash and debts receivable, $5,755,502; total, $15,242,408.
Liabilities:
Southern Pacific Co.—Acquisition.—See Phoenix & East¬
Capital stock, $5,000,000; accounts payable, $1,377,524;
debenture bonds, $6,755,000; surplus, $2,089,884; total, $15,242,408.
ern RR. above.—V. 83, p. 1521, 1528.
(Compare properties owned. Ac., In V. 79, p. 2750; V. 81, p. 1853; V. 83,
The New York New Haven A Hartford HR. Co.
p. 821; V. 84, p. 752.)
Tampa & Jacksonville Railway.—Bond Issue.—This com¬
on June 30 1906 owned $2,500,000 4% debentures of
the Navigation Co.
due Jan. 1 1955 (see “ Marketable Securities," V. 83, p. 812); also directly or
pany, formerly known as the Gainesville & Gulf, owning a
Indirectly the entire capital stock, the railroad's own holding being, petline from Sampson City to Fairfield, Fla., 48 miles, with an
balance sheet of June 30 last, $1,500,000, though at organization the
extension from Jacksonville to Tampa, 186 miles, has filed
capital stock, we were informed, was to be $3,150,000.
a mortgage to secure, it is said, an issue of
$5,000,000 5% 30Exchange of Consolidated Ry. Debentures.—A press report
year bonds.
Compare V. 84, p. 804.
from New Haven says:
Traverse City Leelanau & Manistique RR.—Foreclosure
It Is officially stated that out of about $21,500,000 of the Consolidated
Railway Co.’s debenture 4% bonds, about $12,000,000 have already been
Sale.—At the foreclosure sale in Leland, Mich., on April 17,
exchanged for New York New Haven A Hartford RR. stock under the
this property, recently operated by the Grand Rapids &
option which Is allowed by the latter corporation.
The debenture bonds
thus going Into the treasury of the steam corporation will not be re issued
Indiana Ry., owner of one-fourth of the bonds, was bid in
and will be destroyed after the merger of the steam and trolley corporations
by the receiver, the Union Trust Co., Detroit, for $339,229 3S.
goes into effect on the first day of June.
The; sale was the result of a decree in chancery made by the
Guaranty.—See New England Investment & Security Co
Leelanau Count}” Circuit Court Feb. 18.—V. 82, p. 1103.
above.—V. 84, p. 996, 931.
Union Pacific RR.—Rumor of Holding Company for Se¬
Norfolk & Western Ry.—Important Improvement Work.—
curities Owned.—It is said that before the Chicago & Alton
The “Railroad Gazette” of New York in its issues of March
15 and April 26 published two illustrated articles of its hearing a plan was under consideration for the organization
of a holding company to take over the securities in other
series regarding the improvement work which this company
roads,
including Southern Pacific, Illinois Central, Balti¬
has in progress.—V. 84, p. 221.
more & Ohio, &c., which have been acquired by Union Pa¬
Northwestern Pacific RR.—Bond Issue Approved.—The cific.
This plan, or suggestion of a plan, is supposed to
shareholders on Apr. 29 ratified the proposed mortgage for have been
indefinitely postponed for various reasons, but
$35,000,000.—V. 84, p. 694, 272.
rumors of its renewal have been current this week,
prompting
Pennsylvania RR.—Called Bonds.—Sunbury Hazleton & the “Evening Sun” on Thursday|to say:
Wilkesbarre Ry. first mortgage Series A bonds of 1878 to
The story of the holding company that had started the upward move¬
porations, each share of stock in each of said corporations
becoming a share of stock in the consolidated corporation.
The recent merger of the Consolidated Railway Co. and the
New England Navigation Co., we learn, was effected through
the purchase of the property of the latter by the Railway Co.
The balance sheet of the Navigation Co. on Dec. 31 1906, as
filed in Massachusetts, it is stated, showed:
the amount of $19,500 have been called and will be redeemed
at par
and interest on May 31 by the Fidelity Trust Co. of
Philadelphia.—V. 84, p. 932, 868.
Phoenix & Eastern RR.—Sale and Proposed Extension.—
The Southern Pacific has acquired this road from the Atchi¬
son
Topeka & Santa Fe. The road runs from Phoenix, Ari¬
Winkelman, about 100 miles, and will be ex¬
Globe, where it will join the Gila Valley Globe
zona, east to
tended east to
& Northern and at Bowie connect with the Southern Pacific.
The completion of the line which the Atchison Is constructing from
Phoenix westward to Join Its own line again at Bengal, Cal., will afford a
low-grade line which will be of considerable Importance to both the Southern
Pacific and Atchison, and will be used by them jointly.
The line of the
Atchison running west from Bengal for about 100 miles meets the Southern
Paciilc at Mojave, at which point the trains of the latter road can be
switched back on their own line.—V. 77, p. 90.
*
Rapid Transit in New York City.—Engineer’s Estimate of
Cost of Lexington Avenue Subway.—Last week Chairman
Theodore P. Shouts, in connection with his letter published
in full in the New York “Times” of Apr. 26 giving the company’s reasons for not bidding on the Lexington A venue con¬
tract, furnished a statement signed by the various engineers
employed by the company, setting forth on the basis of fiveear locals and eight-car
expresses (and not according to tin*
ten-car basis set forth in the form of
To construct
mau
contract)
as
follows:
four-track railway northerly from connection with the
■present Subway near Forty-first Street and Park Avenue via Lexington
Avenue to the Harlem River, and thence a two-track railway to 156th
Street. In the Bronx, and a four-track railway southerly from a connection
with the present Subway near Forty-Second Street and Broadway, via
Seventh Avenue and West Broadway to the Battery, in accordance with
the contracts, plans and speclllcatlons of the Rapid Transit Commission,
will cost
$56,200,000
Easements
2.500,000
Terminals
1 300,000
Interest during construction
4.000,000
564.000,000
a
,
Equipment
Total-
.
24,000,000
•
$88.000.000
-
This, it is said, was divided on the basis of $22.161.752 for
the lower half of the Seventh Ave. route and $29,780,064 for
the upper half of the Lexington Avenue route, with 7% added
as interest on investment for construction.—V. 84. p. 997.
St. Louis Iron Mountain & Southern Ry.—Xcw Equipment
Trusts Offtred.—Bioren A Co., -Philadelphia, are offering
$3,660,000 equipment, trust 5% gold bonds at prices to yield
return of 51il%.
The bonds mature $366,000 each year
from June 1 1908 to June 1 1917.
a
Bonds dated June 1 1907; Interest payable March quarterly.
Denoml
Mercantile Trust Co. of New
nation. $1.00it.
Vo'lc. trustee.
These
bonds are a direct obligation of the railway company and are further se
cured by 4.500 box cars (80,000 pounds capacity) costing $4,005,300.
towards which the railway company pays In cash $405,300.
Title to the
equipment remains In the trustee until all of the bonds have been paid.
The bonds are offered at prices to yield the Investor 5
%. — V. 84. p. 627
St. Louis
Rocky Mountain & Pacific Ry.—Description of
Road.—Uic “Railway Age” of April 26 contains an article
describing this enterprise.—V. 84,
p.
509, 272.
St. Louis Southwestern Ry.—Xcw Offixers .—William II.
Taylor has been elected a Vice-President and Arthur J.
Trussed, Secretary.—V. 83, p. 814, 819.
Southern Indiana Ry.—Further Particulars as to Financial
Plan.—See Chicago Southern Ry. above.
Upon the completion of the syndicate underwriting, the
Southern Indiana Railway Co., it is stated, will own the fol¬
lowing stocks in other corporations, being in each case the
entire issue:
.
$1,500,000 capital stock of the Chicago Southern Ry. Co.
$50,000 of the Southern Indiana Express Co.
$5,000,000 capital stock of the Southern Indiana Coal Co., which latter
company owns $000,000 of the Indiana Southern Coal Co. (being 60% of
the entire issue.)
http://fraser.stlouisfed.org/
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Federal Reserve Bank of St. Louis
•
ment could not be traced any further than to the suspicions and surmlsings
of brokers who saw In such a measure a relief for the railroad from the
threatened action by the Inter-State Commerce Commission and the
courts.—V. 84, p. 932, 694.
United Railways of the Havana & Regia Warehouses,
himited.—-Acquisitions—Debenture Stock Offered.—This com¬
pany has made a proposition to the stock and bondholders
of the Havana Central
that company above.
RR., as stated under the heading of
In connection with this acquisition
£800,000 of an issue of £2,S24,100 5% irredeemable deben¬
ture stock (1906) was recently offered for subscription in
London at £106 per £100 by J. Henry Schroder & Co.,
who in
an
advertisement say:
This company’s lines have been recently augmented by the acquisition
of the Cardenas A Jucaro Ry. as from Jan. 1 1906. and of the Matanzas
Ry. as from July 1 1906, so that the combined undertaking now Includes
641 miles of railway.
The undertaking Is situated In the most Important
and central part of the Island of Cuba and Is In communication with other
railways extending through the whole Island.
In order to handle the In¬
creasing traffic, large extensions and Improvements at Havana were at llrst
contemplated, but by arrangements now being made with the Havana Cen¬
tral RR. Co., a considerable amount of this o itiay will be avoided.
These arrangements have been facilitated through the purchase by the
United Railways of the Havana of $2,250,000 5 % bonds and $4,112,500
stock of the Havana Central Company, and the stock now offered has been
Issued to meet the above-mentioned purchases and to provide moneys
required In connection with these arrangements.
The Havana Central RR. Co. is an American corporation with an Issued
capital of SI0.000,000 of 5 % bonds rind $8,162,500 stock.
Its lines, which
are operated electrically, have only recently been opened for traffic, and
therefore no returns are yet available.
It has now two lines In operation,
one from Havana to Gulnes and another from Havana to Guanajay.
It
also owns a large and well-equipped pier, with warehouse accommodation,
known as Paula Wharf, an electric power station capable of supplying
power and lighting to the whole of Havana and Its suburbs, and a complete
system of workshops equipped with machinery of the most modern type.
It also owns a system of ferryboats which cross the bay to Regia and an
electric tram line In connection therewith to Guanabacoa.
The net revenues of the three systems now forming the United
Railways of the Havana, taken together for their respective
tlnanclal years of 1906, were
£499.520
The annual amount required to pay the Interest on all the deben¬
ture Issues of the company. Including the present Issue, will be-.£231.500
The gross receipts of the three systems during the period from July 1 1905
to March 31 1906 were £820,241, while the gross receipts for the same
period of the present llnanclal year were £910,811. an Increase of £90.570.
The £2.824.100 debenture stock, of which the amount now offered forms
part. Is secured by llrst charges: ia> for £1,374,100 upon the company’s
Cardenas system; (b) for £650,000 upon the company's Matanzas system;
(c) for £800.000 upon bonds and stock of the Havana Central RR.
The
stock Is also charged upon the company’s United System, subject to the
existing charges thereon.
Under the regulations of the company the
amount of all its debenture debts combined may not exceed the amount of
the shave capital for the time being Issued, or agreed to be Issued.
[In November 1906 the ordinary capital was Increased from £2.540.000
£3.810,000 by the distribution of 50% of full paid stock as a dividend
shareholders: and was further authorized to be Increased
£912.750 of the latter Increase being Issuable, along with
£608.500 debenture stock. In payment for the entire capital stock of the
Matan as Ry.
Upon completion of the purchase of the Matanzas road the
outstanding capitalization was to he as follows:
Ordinaly stock. £4.760,000; 5% cumulative pref. stock, £700.000: 5 % Irredeemable debenture
stock "A.’’
£380,000; consolidated Irredeemable 5% debenture stock.
£1,425.900; Irredeemable 5% debenture stock (1906). £2.024.100.
The
ordinal y shares In 1905 received In cash dividends aggregating 10 % and
In 1906 (In June and October) cash dividends to a total of 8
See
earnings. Ac.. In editorial In “London Statist’’ of Sept. 1 1906.— I d.]
to
to the common
to £4.760.000,
Virginian Ry.—Merger Approved.—See Deepwater Ry.
above.—V. 84. p. 694, 627.
Wabash RR.—Payment of
Xotes.—Notice is given that the
principal and interest of the 5% eollateral notes, due May 10
1907. will be paid at maturity at the office of the Equitable
Trust Uo.. 15 Nassau Street. New York.—V. 84. p. 997, 932.
Applic(dion to List. — Application has
been made
to the
New |York Stock Exchange to list $23,950,000
first refunding and extensions 50-vear 4% bonds due 1956.—
V. 84. p. 997. 932.
Wasatch & Jordan Valley RR.—Judgment.—A judgment
for $1,SOS,272 was entered in the Supreme Court in this city
on Apr. 26
against the company in favor of Russell Sage
Raphael of Bayonne, X. J.
The road, which ran from Bingham to Alta, Utah, 34 miles (then 3-foot
gauge) was sold at Sheriff’s sale In spring of 1881, under foreclosure of the
first mortgage for $1,000,000 (under which $884,000 7% gold bonds were
Issued)
*•
and was acquired by
the Den. & Rio Grande Western Ry.,
succeeded by the Rio Grande Western Ry.
Of the road, the portion
Wasatch to Alta, 7.8 miles, Is not now in operation. There were, It Is
also $1,000,000 second debentures authorized, of which $800,000 were
The judgment was obtained on $680,000 of the second debentures
by Nathan Raphael, father of the
since
from
said,
sold.
purchased
plaintiff, the original judgment having
been secured In the United States Circuit Court on March 28 1906.
The
proceedings are based on an alleged defect In the foreclosure suit under
first mortgage, the holders of the second mortgage or the trustee of the latter
not having been names therein as defendants.
Joseph Martin of 220
the
Broadway, New York, Is attorney for the
«■
plaintiffs.—V. 83, p. 273.
Washington (D. C.) Railway & Electric Co.—Rumored
Change in Control.—Press reports from Washington, D. C.,
state that local capitalists have obtained control of this
company, and at the annual meeting next January it is
thought may elect as President William Loeb Jr^, at present
Secretary to President Roosevelt.—V. 84, p. 745, 627.
West Chicago City Ry.—Deposits Asked.—See Chicago
Union Traction Co.
above.
Maryland RR.—Promise to City Fulfilled.—This
which in 1902 entered into a contract with the
City of Baltimore guaranteeing extensive improvements in
terminals in that city, and to secure the faithful performance of
the contract deposited with a trust company $3,000,000 first
mortgage bonds, has had the last of the bonds restored to it,
the improvements having been completed at a cost of
$2,717,948.—V. 84, p. 750, 694.
Western Massachusetts Street Ry.—Purchase Approved.—
The Massachusetts Railroad Commission has approved the
purchase of the Woronoco Street Railway Co., and for that
purpose the issue of $250,000 additional capital stock in
exchange for its stock, dollar for dollar.—V. 84, p. 160.
Western
company,
INDUSTRIAL, GAS AND MISCELLANEOUS
Aetna Portland Cement Co., Detroit.—Controversy—Re¬
ceiver.—Lawson F. Becker of Fenton, Mich., who in August
last was appointed receiver on application of minority bond¬
holders who own $80,000 of the $400,000 bonds, on April 16
took possession of the Fenton plant.
The company In 1903 became successor to the Detroit Portland Cement
Co. (V. 80, p. 2347), Its capital stock being $2,000,000, the Detroit Co.
In a con¬
selling its assets subject to the $400,000 outstanding bonds.
troversy between the majority and minority bondholders as to whether six
1 1905 was proper or not, a
receiver was appointed in Aug. 1906.
An appeal was taken and a bond
to stay the receivership was given pending the appeal.
The results of the
business for 1906. It Is stated, were so satisfactory that the majority bond¬
holders determined to waive the default In principal occurring through
failure to pay the Interest, and therefore withdrew the appeal and allowed
the receiver to go Into possession.
In due course the Interest will be paid
and the receiver discharged.
months’ default in interest occurring Dec.
Electric Light & Power Co.—Sale May
sale, it is stated, has been set for May
Alexandria (Ind.)
18.—The foreclosure
18.—V. 83, p. 891.
American
Brass
Company of Waterbury.—Stock Divi¬
dend.—This company has filed at
Hartford
a
certificate of
increase of capital stock from $12,500,000 to $15,000,000.
The new stock, it is stated, will be distributed as a 20% stock
dividend.
Compare V. 84, p. 510, 272.
American Glue Co., Boston.—First Extra Dividend.—The
directors recently declared the regular semi-annual dividend
of 2% and a first extra dividend of 1%, both payable May 1,
to stockholders of record
Apr. 26.—V. 83, p. 153.
American Ice Securities Co.—Stay.—Justice O’Gorman in
the Supreme Court in this city on April 26, on application
of the American Ice Co., granted a stay of the order recently
obtained by Attorney-General Jackson, pending an appeal
therefrom,
far
so
as
it permits examination of the papers
and records of that company prior to 1904.
The company
does not object to an examination of the records since 1904.
Amendment of Charter.—The stockholders on April 29
approved the amendments of the charter referred to last week
page 998.
on
the stockholders of the American Ice to vote on amend¬
charter, to'permit It to engage In additional lines of business, has
been adjourned to May 13.
Particulars are withheld, but It Is stated that
the amendments are designed to enable It to keep Its teams and other
The meeting of
ments of Its
property In active use throughout the year
heretofore
p.
been
and so avoid loss In what have
unprofitable months of the company s business.—V. 84,
998, 933.
American Pneumatic Service Co.—Amendment Authorized.
The shareholders on May 1 ratified the proposed charter
amendment authorizing the company to act as a surety re¬
insurer.
See V. 84, p. 998.
American Telephone & Telegraph Co.—Municipal Objec.
tions to Competing Companies.—See editorial in V. 84, p. 969
Notes of Subsidiary—Stock Holdings.—See Western Tele¬
phone & Telegraph Co. below.
New
President.—Theodore
N.
Vail, formerly General
Manager of the American Bell Telephone Co. has been
Fish, who has resigned
to resume his law practice.
Mr. Fish, will continue a legal
adviser of the company.—V. 84, p. 998, ,933.
American Tobacco Co.—Extra Dividend.—In addition to
the regular quarterly dividend of 2%% on the $40,242*400
common stock, the directors on Wednesday declared an
extra dividend of 5%, both payable June 1 to holders of
record May 15.
The common shares have been receiving
regular dividends at the rate of 10% per annum since March
1905; in Dec. 1905 they received an extra 10%, last Sept, an
extra 5% and last Dec. 7%% extra.
There is also out¬
standing $78,689,100 6% preferred stock.—V. 84, p. 933, 805
elected President to succceed F. P.
[VOL.
THE CHRONICLE
1051
LXXX1V.
American Union Telephone Co., Harrisburg.—Mortgage
Filed.—This company has filed its $25,000,000 mortgage to
the Fidelity Title & Trust Co. of Pittsburgh, as trustee.
161, 750.
American Woolen Co.—Description of New Worsted Mill.—
The “Cement Age” for April has a 20-page article regarding
the new mill, “probably the largest worsted mill in the
world,” which has been erected by the Wood Worsted Mill
Corporation, a subsidiary of the American Woolen Co.—V.
84, p. 933, 750.
Compare V. 84,
p.
Baltimore (Md.) Electric Power Co.—Consolidation.—
Meetings of the shareholders of this company and its ally,
the Maryland Telephone & Telegraph Co., are advertised to
take place May 4 to consider a proposed consolidation of the
companies. There is good authority for the following:
The
companies, when consolidated, will be known as the Baltimore
It is proposed that the capital stock shall be $3,750,000
Electric Company.
and that about $1,250,000 of the new stock shall be preferred.
The au¬
thorized bond Issue will be $7,500,000, or the same amount as the two
companies now have.
The companies are controlled by Baltimore and
The Maryland Telephone Co. has many thousands
Electric company, which began business In Aug.
1905, has had a rapid growth and has twice had to enlarge its electrical plant
and now seeks to enlarge It again.—V. 84, p. 998.
Philadelphia capitalists.
of subscribers, while the
Bell Telephone Co., Philadelphia.—Five-Cent Pay-Station
Rate.—On May 1 the company established a 5-cent rate
between pay stations in all parts of the city—V.84,p.451.
Brooklyn Union Gas Co.—Favorable Decision.—The Court
Appeals on Wednesday affirmed the decision of the lower
courts denying the motion of the city to inspect the company’s
books with a view of ascertaining the cost of production, in
an action brought by the company against the city to recover
payment for gas furnished between Jan. 7 1903 and March 16
The cost of the manufacture of gas is held to be
1904.
immaterial in the case, the maximum rate having been fixed
by the Legislature. Compare V. 82, p. 1103.—V. 83, p.1231.
Bush
Terminal
Co.—Earnings.—For quarter ending
of
March 31.
Gross.
$262,674
196,797
3 Mos.—
1907-
1906
—V. 84, p.
Net.
$161,811
101,755
Taxes and
Balance.
Interest.
$122,536
97,360
Surplus.
$39,275
4,395
805.
Calumet & Hecla Mining Co.—Litigation.—See Osceola
Consolidated Mining Co. below.—V. 84, p. 452, 223.
Central Leather Co.—Injunction-r-See
Leather Co. below.—V. 84, p. 505, 161.
United
States
Citizens* Gas Co., Jacksonville, Fla.—Bonds Offered—
Further Facts.—N. W. Harris & Co., who are offering the re¬
maining $50,000 of their block of $350,000 first mortgage
5%-bonds (see full particulars in V. 84, p. 806), report:
Income Account for the
Year ended March 31 1907.
Gross earnings
$83,677 | Ann.int.on$350,000 1st M.5s.$17,500
Net earnings (after taxes)
$36,527 [ Surplus earnings
$19,027
The company Is earning over twice Its fixed charges and It Is believed that
the earnings will continue to show a steady and satisfactory Increase.—
V. 84, p. 806.
Telegraph Co.—Stock Dividend
of Annual Report.—The comparative statement of
earnings and balance sheet for the calendar years 1905 and
1906 was given in the “Chronicle” of Apr. 6, p. 801.
In
the printed report, dated Mar. 26, now at hand, President
Scrysmer announces the intention of the management to
call a meeting (to be held May 14) for the purpose of voting
upon a proposition to increase the limit of capital stock
issue from $8,000,000 to $12,000,000, the plan being to issue
$2,000,000 of the new* stock as a 25% dividend to capitalize
earnings expended for additions, etc. The report says:
Central & South American
—Text
It will be observed that your company earned a surplus of $475,573
(after dividends) for the year ending Dec. 31 1906.
The Increase of net
earnings for the current quarter shows $48,500 over the corresponding
period of last year.
There Is every reason to expect a continuance of this
growth of traffic, which If maintained points to a possible surplus for the
present year of about $700,000.
The contract for manufacturing and laying the direct cable between New
York and Colon, Isthmus of Panama, via Cuba, which has been concluded
in agreement with the Mexican Telegraph Co., has been awarded to the
Telegraph
Construction He Malnt. Co., Ld., and there Is no reason to
completed and In operation by the date speci¬
doubt that the cable will be
fied, viz, Aug. 1 next.
The establishment of this additional cable will
greatly increase your company’;? capacity for handling Its traffic and
facilitate the prompt transmission of our American and European—South
American messages.
Satisfactory arrangements have been made with the
United States Government for the establishment of stations on Government
territory7 at Guantanamo, Cuba, and on the Isthmus of Panama.
Arrange¬
ments have also been made for a lease of Government wires between Pana¬
ma and Colon until such time as your company can construct its own line
across the Isthmus, authority for which has already been obtained from
the United States Government.
At a meeting of the board of directors held this day, the officers of your
company were authorized to arrange for Increasing the capital stock of
to $12,000,000: the object of such Increase
earnings expended for the duplicate Val¬
paraiso—Iquique—Chorillos cable, and other betterments and concessions
acquired by your company, which together are valued by your Directors
at $2,000,000.
(2) To provide for the future capitalization of the. cost of
the new cable between New York and Colon and other extensions and
your company from $8,000,000
Is two-fold:
(1) To capitalize
betterments.
A shareholders’ meeting will be called, due notice of which will be given,
at which meeting the necessary formalities will be considered for the
creation of 40,000 additional shares of full-paid stock of $100 each,- and the
Issue of 20,000 of these shares to be distributed as a dividend to share¬
holders of record at such time as may be determined at said meeting.—
V. 84. p. 801. 805.
Chicago (Ill.) Edison Co.—Offering of
following bankers—
Debentures.—The
N. W. Halsey & Co., Chicago. New York, Philadelphia and San Francisco.
A. B. Leach & Co., Chicago, New York, Philadelphia and Boston.
Illinois Trust & Savings Bank, Chicago.
National City Bank, New York City, N.
Y.
offering at 93% and interest,by advertisement on another
page, at which price the investor will receive 6% on his
money, the unsold portion, $1,500,000, of the issue of
$5,000,000 5% 3-year gold debentures, due March 1 1910,
are
May 4
THE CHRONICLE
1907-i
but redeemable on any interest day at 101 and interest.
The official statement made in connection with the issue,
setting forth the position of the company and its securities,
which the debentures are guaranteed as
to principal and interest by the Commonwealth Electric Co.
was given at considerable length in the “Chronicle” of March
23, p. 695, 696. The tw^o corporations together practically
control the central station electric light and power business
of Chicago.—V. 84, p. 998.
and the terms upon
,
Cleveland
See Western
(Bell) Telephone Co.—Stock Ownership, etc.—
Telephone <fe Telegraph Co. below.—V. 70, p.
1252.
Columbia Gas & Electric Co., Cincinnati, Cleveland, &c.—
Favorable Decision.—The Supreme Court of Ohio on April 17
in the suit of Dennis Hackett against the City of Cincinnati,
the Cincinnati Gas & El. Co. and others, held valid the 2 5-year
franchise to the Cinn. Gas & Electric Co. granted in Dec.
1905 by the City Council and Board of Public Service, to
gas.
Compare item under caption
cinnati Gas & Electric Co., V. 82, p. 102.
President
White is quoted as saying:
supply natural
Cin¬
A. S.
"The pipe line to connect our fields with Cincinnati will be of the most
modern construction.
The distance Is 140 miles.
We will begin work as
soon as possible, and push It as rapidly as the requirements of careful con¬
struction will permit .
This 20-lncn main will extend direct from our West
Virginia field to Cincinnati, so that this city will get the full benefit of the
and not
be at the
the gas
tall will
end be
of Ina system
of connections
with
fjressure
there,
ntervenlng
I believe
the homes
of Cincinnati
in
cities.
less than a year.
If the pipes were laid we could furnish gas to-morroyv,
as we have wells capable of supplying 100,000,000 cubic feet, and territory
estimated able to furnish three times that quantity.—See V 84, p. 696.
Consolidated Gas Co., New York.—Decision.—See Long
Acre Electric Light & Power Co. below.—V. 84, p. 573, 223.
Consolidated Gas, Electric Light & Power Go. of Baltimore.
—Earnings.—N. W. Harris &Co.and Emanuel Parker & Co.,
who are offering, on a basis to yield 5% on the investment,
blocks of the underlying first consolidated mortgage 4)4%
gold bonds of the United Electric Light & Power Co. due
May 1 1929 ($4,500,000 authorized; amount outstanding
$4,243,000; $257,000 reserved to retire bonds of constituent
companies largely provided for by sinking fund), furnish the
following:
Earnings as Officially Reported for Six Months ended Dec. 31 1906.
earnings
$1,847,6081 Int. on underlying bds., &c. *$374,383
Operating expenses and
lint, on gen. M. 4 Us of
taxes
978,763
Gross
Net
j Cons. Gas,Elec. L.&P. Co. 160,335
earnings
$868,845 |
Surplus
♦Includes Interest on bonds of United Electric
other charges.—V. 84, p. 627.
$334,127
Light & Power Co. and
Consolidated Telegraph &
Electrical Subway Co.—De¬
Long Acre Electric Light & Power Co. below.
223.
Consolidation Coal Co. of Maryland.—Not Interested.—See
Northern Coal & Coke Co. below.—V. 84, p. 696, 161.
Copper Range Consolidated Co.—Increase of Stock.—The
stockholders voted on May 1 to increase the authorized stock
cision.—See
—V. 84, p.
from
$38,500,000 to $40,000,000. Of the hew stock,
$1,000,000 (unless $750,000 cash is paid) will be used to
acquire the Globe tract of 1,280 acres now under option,
which expires in April 1908, from the John Stanton estate,
the remaining stock to be issued as required.
Suit
Settled.—A settlement has
been made in
the suit
against Albert C. Burrage, growing out of the purchase of
the Tri-Mountain Mining Co. in August 1903.
Of the in¬
debtedness of the Tri-Mountain Co. at the time of sale,
$540,000, it was claimed, remained unpaid, in violation of the
agreement of Aug. 25 1903.—V. 84, p. 510, 223.
Crawfordsville (Ind.) Water & Light Co.—Foreclosure—
Notice to Bondholders.—The American Securities Agency,
Ltd., by C. F. Street, Attorney, 44 Wall St., New York
City, gives notice:
A large majority of the first and second mortgage bonds have been de¬
posited with the Knickerbocker Trust Co., subject to the order of the under¬
signed.
The mortgages securing said bonds are about to be foreclosed.
If you desire to participate In the proposed reorganization, you must de-
Eoslt
your bonds
with 15the1907.
trust Compare
company,V.6682,
Broadway.
No bonds will
received
after May
p. 931.
e
Detroit Portland Cement Co.—Successor Company.—Sec
Aetna Portland Cement Co. above.—V. 80, p. 2347.
Diamond Match Co., Chicago.—Annual Meeting—Pur¬
chase Approved.—The shareholders at the annual meeting
on
May 1 formally approved the proposed purchase of Cali¬
in the re¬
fornia timber lands, lumber plant, &c. (described
cent annual report, (V. 84, p. 747) for $1,500,000.
of
one class, par of shares $100.
There was recently out¬
standing $3,500,000 stock, to which there has now been
added $1,000,000 paid for at par and $500,000 issued as
a stock dividend.
No bonds or mortgage.—V. 84, p. 696.
Edison Electric Illuminating Co. of Boston.—Auction
Sale of Stock May 8th.—Treasurer Thomas Iv. Cummins
gives notice by advertisement that, pursuant to an order of
the Board of Gas and Electric Light Commissioners, dated
Feb. 20 1907, and conformably to law, the directors will
offer for sale, at public auction, at the office of Francis Henshaw & Co., No. 97 Milk Street, Boston, on May 8 1907, at
twelve o’clock noon, 10,902 shares of the increased capital
stock.—V. 84, p. 870, 934.
Electric Properties Co., New York.—First Dividend on
Common Stock.—This ally of the Westinghouse Electric &
Manufacturing Co. at the end of its first fiscal year has de¬
clared a first dividend of 2% on its common stock “for the
year ending April 30 1907, payable June 10 1907 to stock¬
holders of record May 28 1907.” The usual quarterly dividend
of 1 lA°/o is payable May 10.—V.f 83, p. 754.
Equitable Illuminating Gas Light Co. of Philadelphia.—
Output.—The statement of gas sold in the city of Philadel¬
phia for the quarter ending March 31, as filed with the city
authorities, compares as follows:
1905-76
Cubic feet Of Gas—
3 months
3 months’gross revenue
Of which city receives
Dividend Reduction.—At the aforesaid
.
a
record month for sales.”
meeting a year ago a committee was appointed to secure
expert examination of the company’s books and property values In
order to determine whether the existing dividend rate Is excessive.
The
balance sheet of Dec. 31 1906,as determined by the Audit Company of New
York, it Is announced, Is Identical with that furnished by the company
(V. 84, p. 747), while the latter’s charges for replacements, repairs and
At the annual
an
depreciation
are
also approved.—V. 84, p. 747, 341.
Diamond Rubber Co., Akron, O.—Increase of Capital
Stock.—This company on April 20 filed a certificate of in¬
crease of capital stock from $4,000,000 to $5,000,000, all
1905.
1,837,394,600
$1,837,394
$183,739
274.
International Pneumatic Tube Go., Philadelphia.—Merger
—Proposition to Bondholders.—This company, incorporated
under the laws of Maine in January last with $2,500,000
preferred and $10,000,000 common stock in shares of $50 each
(no bonds), offers by advertisement to the holders of the
outstanding first mortgage bonds of the Pneumatic Transit
Co. of Philadelphia (V. 82, p. 1105; V. 81, p. 617), of which
it claims to have acquired a majority, to give in exchange for
the same before May 15 its 6% preferred stock (cumulative
after July 1 1909) in exchange for these bonds at $1,050
per bond.
The advertisement says:
The company having
Pneumatic Transit Co.,
acquired the majority stock holdings of the (1)
Philadelphia, (2) Batcheller Pneumatic Tube Co.,
(3) The Pearsall Pneumatic Tube & Power Co. of New York, (4) the
Batcheller Pneumatic Dispatch Manufacturing Co. of Pennsylvania, and
having arranged to acquire a majority of the stock of (5) the British &
Foreign Pneumatic Tube Syndicate (Ltd.) of London, and also of the
(6) Pneumatic Transit Co.’s bonds, hereby offers to the holders of the re¬
maining said bonds of the Pneumatic Transit Co. the same terms upon which
It will acquire the majority, namely Its 6% preferred stock (cumulative
after July 1 1909), at par, In exchange for these bonds at $1,050 per bond,
the object being to retire all bonded debt of the company, so as to have
nothing ahead of the preferred stock, upon (the proceeds of) which con¬
struction of all new extensions Is now being carried on In Philadelphia.
Any
further information desired may be obtained at our local offices, 1038 Ridge
Avenue, Philadelphia.
M. Balth Rlffo (at last accounts Secretary of the
Pneumatic Transit Co.) Is Secretary of the new company.
Juniata Water & Water Power Co., Huntingdon, Pa.—
Increase of Indebtedness.—The holders will meet at the office
in Philadelphia on June 5 to vote upon increasing the in¬
debtedness from $750,000 to $1,250,000.
Contracts were
let in February last for the construction of Dam No. 2, with
power-house, &c., to be built at the lower end of the Gap.
Dam No. 1, about completed, being located on Juniata River,
three miles above Huntingdon.
“Iron Age” of March said:
The new power plant of the Juniata Hydro-Electric Co. on the Juniata
River near Warrior Ridge Station, Pa., will furnish light and power to
railroads and Industrial plants throughout the Juniata Valley, with trans¬
mission lines and distributing stations extending from Altoona to Lewiston.
A second hydraulic plant Is located at lower end of the
gap.
The two
contain nine turbines of 1.000 h. p. each, directly connected with 500-k. w.
alternators.
An emergency steam-driven plant consists of four Curtis
steam turbine units aggregating 4,500 h. p.
Other power plants are contem¬
plated with total output of 20,000 h. p.
The total construction cost will be
about $2,500,000.
Compare V. 83, p. 1593, 972.
Lanston Monotype Machine Co.—Report—Dividends.—
This company began the payment of dividends in April 1906,
and during the fiscal year ending Feb. 28 1907 made two
semi-annual distributions of 2% each, together amounting
annual
for
1906.
1,928.542,330
$1,928,542
$192,854
The Philadelphia & Reading Coal & Iron Co. (‘‘Reading Company” sub¬
sidiary), which owns 63,537 of the 71,219 shares comprising the capital
stock of the Fulton Coal Co.. has made an offer to buy the 7,682 outstanding
minority shares at $2 05 per share.
The par value of the stock was $5 per
share, and since July 1899 the profits arising from royalties have been
devoted to paying a pro rata proportion of each share of the outstanding
capital stock. The payments thus made have amounted to $2 95 per
share, and the Coal & Iron Co. proposes anticipating the remaining $2 05
due on the stock by purchasing It outright and secure entire ownership of
the property.—V. 83, p. 821.
to
meeting President Barber, it is reported, said: “Business is
so good that no dividend reduction is necessary
Option on
93,000 acres of timber land will be exercised. February was
1907.
..-2,106,863,900
$2,106,864
$210,686
Fergus Falls (Minn.) Water Works.—Bonds Called.—This
company has called for redemption all its bonds secured by
mortgage of 1896, and the same will be paid on or before
Oct. 1 at par and interest, at the office of the Union Safe
Deposit and Trust Co., Portland, Me.
Fulton Coal Co., Philadelphia.—Offer for Minority Stock.—
An exchange says:
upon.
Reason
.
—V. 84. p.
The Sierra Lumber Co., with plant at Red Bluff, on the Sacramento
River, Is, according to the ‘‘San Francisco Chronicle” of April 5, the concern
whose books were being examined with a view to purchase.
The official
appraisal since received at Chicago was very favorable.
The plans for
financing the acquisition have not been announced and It Is thought may
be deferred for the present; at last accounts they were not fully determined
No
1055
$198,516, the
payment
same rate
on April
being continued by a semi¬
15 1907. For the fiscal year
dividends were paid, but $125,000- was trans¬
“contingent account.” The annual report for
was given in last week’s issue
(p. 994), showing the
operations for the last two fiscal periods, but through a
printer’s blunder the figures for the “contingent account”
appeared a line too low, falling opposite the dividend pay¬
ment and leaving the preceding line blank.—V. 84,
p. 994.
Long-Bell Lumber Co. of Kansas City.—New Stock, &c.—
A certificate was filed in Missouri on April 13, reporting an
increase in the capital stock from $1,250,000 to $10,000,000
(one-half of the increase being “full paid”), and showing:
“Assets, $12,300,000; liabilities, $4,900,000.” The increase
in the paid-up capital stock was made from the company’s
ferred
no
to
surplus; or, in other words, was in the nature of a stock divi¬
dend of 350%; none of the new stock has been sold.
The
outstanding capital stock is now $5,625,000 and the surplus
is $1,875,000; total, $7,500,000.
R. A. Long is Pres, and
Gen. Mgr.; 0. B. Sweet, V.-Pres. and Asst. Gen. Mgr.,
and F. J. Bannister, Secy, and Treas.
Office in the R. A.
Long Building, 10th and Grand Avs., Kansas City. Com¬
pare V. 81, p. 214; V. 82, p. 990, 933.
Long Acre Electric Light & Power Co.—Favorable De¬
cision.—The Court of Appeals of New York on Tuesday
affirmed the decisions of the lower courts,which granted a
peremptory mandamus to compel the Consolidated Tele¬
graph & Electrical Subway Co. to permit the Long Acre Co.
to use its conduits for a cable in a certain portion of its sub¬
way.
Compare V. 84, p. 224.
Plans.—The following is
pronounced correct:
plant at 42d Street and
lighting area to 'the
and Fifth Avenue and North
with the Secretary of
throughout Manhattan and Bronx
Boroughs.
Fourteen cfty lots at 120th Street and Harlem River have been
purchased and the construction of a large power house will be begun at
once, which will eventually have a capacity of 200,000 horse power, from
the proceeds of the $1,000,000 bonds (V. 84, p. 511) which have been sold.
Within less than three months, It Is claimed, the company will begin fur¬
nishing electric light In the district that can be supplied from the 42d Street
The company owns a power house and electric
10th Avenue.
Under Its charter it Is restricted in Its
district lying between 33d and 59th streets
River, but will at once flle amendments of its charter
State, giving it the right to operate
plant at about
half the prices now charged.
Negotiations are on foot
for a long time
Telephone Co.,
having $50,000,000 authorlzedfstock, which operates In Pennsylvania and the
West, and is said to be especially strong at Pittsburgh and St. Louis.
Several minor utilities In which electricity Is employed, such as furnishing
power for manufacturing purposes and for operating electric cabs and
motors will. It Is stated, also be taken up by the Long Acre Co. or the Man¬
hattan Transit Co.
These will be cheapened so as to make them more
It Is also proposed to enter the telephone held.
with the Atlantic Telephone Co. (V. 81, p. 1851), which has
been seeking an entrance Into the city, and with the Home
available to the general
public than before.
p.
Montgomery Water Power Co.—See Montgomery Light
80.
Monongahela River Consolidated Coal & Coke Co.—De¬
scription of Enterprise.—Pittsburgh “Money” of Apr. 20
contained a handsomely illustrated article describing this
company’s property and business.—V. 84, p. 163, 155.
New England Navigation Co.—Sold.—See New York
New Haven & Hartford RR. under “Railroads” above.—
V. 84, p. 752.
New York & South Brooklyn Ferry & Steam Transporta¬
tion Co.—Deficiency Judgment.—This company’s property
having been sold to the city, the first and second mortgage
bonds have been or are to be paid in full and the capital
stock has been wiped out by a efficiency judgment of
$90,000.—V. 83, p. 1174.
Nipe Bay Co.—Proposed Sale.—See United Fruit Co.
below.—V. 84, p. 752.
Northern Coal & Coke Co. of Kentucky.—Sale of Senator
,
1415.
Power Co.—See Montgomery
Co. below.—V. 79, p. 2646.
Montgomery (Ala.) Light & Water Power Co.—Bonds
Offered—Status.—Cramp, Mitchell & Shober, Philadelphia,
and Eglinton, Hammond & Andrews, New York City,
have recently been placing a block
of this company’s
first consolidated gold 5% bonds at 85 and interest.
Interest
payable Jan. 1 and July 1 in New York City. The company
was incorporated in New Jersey Nov. 20 1902 and acquired
the property of the Montgomery Water Power Co., Mont¬
gomery Light Co. and Mutual Light & Power Co., com¬
prising the Mont. Light & Power Co. (V. 79, p. 2646).
Owns in fee gas, electric and water-power plants at Mont¬
Montgomery (Ala.) Light &
Light & Water Power
gomery .
ABSTRACT OF LETTER FROM VICE PRES. HENRY L. DOHERTY,
DATED NEW YORK, MARCH 28 1907.
These bonds are dated Jan. 1 1903 and mature Jan. 1 1943.
They may
be paid oil at any time upon proper notice at 105 and accrued Interest.
Total Authorized Issue $3,000,000, Issuable Only as Below Shoicn.
Reserved to retire 1st M. Water Power bonds due July 1929
$575 ,000
(V. 74. p. 1311)
Reserved to retire Light & Power Co. bonds due Sept. 1 1947__
300,000
retire
6
%
notes
due
Reserved to
company's
April 1908
230,000
Reserved for future requirements
.1,145,000
750,000
Issued and outstanding
[ Dcnomlnation of $2.950,000 of Issue, $1,000c*; of $50,000, $100c*.
—Ed.]
has full paid (common) stock of $2,000,000 (par $100).
securing the consolidated bonds Is made to the Trust Co.
of America, New York City. Trustee, and Is secured on all property and
franchises now own'd or hereafter acquired. Including the water-power
generating station of approximately 4,000 K.W. capacity, locat'd on the
Tallapoosa Rlv**r. the dam, reservoir, flood rights, transmission lines and
This company
The mortgage
priv ate right-of-way 200
feet wide to the city. 30 miles distant;
also an ;
auxiliary steam generating plant In the city of 2,000 h.p. capacity: dis¬
tributing station, gas plant,, pole lines, conduits. &c.
The entire city,
except Highland Park, has been piped for gas.
The extension would not
require more than 1 '••> miles of mains.
We now have In use 31.85 miles of
mains.
The gas business Is remarkably undeveloped.
Much educational
work has been done, and pronounced Increases In sales should be realized
from this time on: the gross earnings from the gas department for year
ending Feb. 2'< 19 )7 showed but 20.7 ‘*f. of the total.
An outlay of not to exceed $10,000 will Increase the capacity of the water
gas franchise
way. Mont¬
gomery Is growing rapidly and well-informed residents now estimate the
population at nearly 60,000.
They maintain that the city will have a
population of 100,000 In 1910. The company Is In good standing with the
people and, with the normal growth of the city, our net earnings should
increase for the next three years at the rate of $24,000 per year.
We expect
even better results.—V. 84, p. 999, 871.
Officers:
Emerson McMIllIn, President, and Henry L. Doherty, 1st
Vice-President, New York; Robert J. Chambers, 2d VIce-Pres. and Gen.
Mgr.; Virgil B. Day, Sec. and Treas., Montgomery.
President.—Edgar Van Etten ha&, it is announced,
accepted the presidency, having resigned as Vice-President
of the New York Central & Hudson River RR. in charge of
the Boston & Albany.—V. 84, p. 511, 394.
Manhattan Transit Co.—Favorable Decision.—See Long
Acre Electric Light & Power Co. above.—V. 84, p. 224.
Merchants’ & Miners’ Transportation Co., Baltimore.—
New Securities Authorized.—The shareholders at the meeting
on April 29 duly approved the issue of the new securities,
stock and bonds, called for by plan in V. 84, p. 752, 999.
Milwaukee Independent Telephone Co.—Change in Name.
—On April 24 the Milwaukee Telephone Co. filed a certificate
changing its name to the Milwaukee Independent Telephone
Co. and increasing the number of directors from three to
twenty-one. The Automatic Telephone Co., Milwaukee, on
the same date filed a certificate decreasing its capital.
Com¬
V. 83,
LXXXIV
Our electric franchise Is unlimited In point of time and our
to 1954.
Both franchises are satisfactory In every
runs
New
pare
[VOL.
THE CHRONICLE
1056
& Water Power Co. above,—V. 69, p.
Camden’s Holdings.—0.-W. Watson, the President of the
Consolidation Coal Co. of Maryland, and associates, including
Wheelwright, the Vice-President of the
Mr.
Consolidation
Coal Co., have purchased the holdings of Senator J. N.
Camden in the $2,500,000 stock of the Northern Coal &
Coke Co., but neither the Consolidation Coal Co. nor the
Fairmont Coal Co., it is stated authoritatively, have any
interest in or connection with the purchase referred to.
Mr. Watson has succeeded Senator Camden as President and the board
of directors has been changed to Include Sprlgg D. Camden of Parkersburg,
W. Va., J. C. C. Mayo of Kentucky, George A. Band and R. A. Drayfuss
of Chicago, John G. Williams of Duluth. R. R. Govin of H. B. Hollins &
Co., New York, and C. W. Watson of Baltimore.
Extensive development
work is proposed.
The friends of the Eastern Kentucky Coal Lands Cor¬
poration (V. 82, p. 631), It Is understood. contend that the title of their
corporation underlies that of the Northern Company on a considerable
acreage.
Sec V. 81, p. 1496.
Northwestern (Bell) Telephone Exchange.—Stock Owner
ship, etc.—See Western Telephone & Telegraph Co. below.—
V. 83, p. 497.
Ohio & Indiana Consolidated Natural & Illuminating Gas
Co.—Minority Protective Committee—Injunction.—The oppo¬
sition to the Wallace reorganization plan (V. 84, p. 871) by
minority bondholders of the constituent companies has
resulted this week in the following action:
At a meeting of the minority security holders held on Tuesday represent*
ing. It Is reported, about $1,000,000 of the $7,350,000 bonds of the con*
stltuent companies, It was decided to appoint a protective committee to be
named by James Talcott, Chairman of the meeting.
Fault Is found with
the amount of common stock ($2,250,000) which the plan allots to the
stockholders of the parent company who subscribe to the bonds (about
$400,000) that are to be sold for cash.
Deposits of the bonds of the dis¬
The Audit Co.
senting holders are being received by the Carnegie Trust Co.
New
York
has
of
been employed to Inspect the books of the vaiious com¬
panies. access to which. It Is stated, has been denied.
Justice O’Gorman in the Supreme Court In this city on Wednesday heard
argument on a motion to continue the temporary Injunction granted on
April 26 on application of Mr. Talcott. who holds a block of Logansport &
Wabash Valley bonds and the affidavit of Herbert L Satterlee, another
bondholder, restraining the carrying out of the reorganization plan.—V. 84,
p. 871.
Co.—Injunction.—Judge
Knappen in the United States Circuit Court at Grand Rapids,
Mich., has granted a temporary injunction in the suit brought
by President A. 8. Bigelow, restraining the Calumet & Hecla
Mining Co. from voting the stock recently acquired by it.
The annual meeting has been adjourned from time to time
on account of the litigation, the last adjournment being until
May 6. The decision is based on a possible violation of the
Federal anti-trust laws, the Court not expressing any opinion
Osceola
Consolidated
Mining
the merits.—V. 84, p. 452.
Parke, Davis & Co., Detroit.—New President, Ac.—Secre¬
tary Frank G. Ryan has been elected President, succeeding
the late Theodore I). Buhl.
The other officers are now:
Vice-President, David C. Whitney; Treasurer, George Har¬
on
greaves;
Secretary.and General Manager, Ernest G. Swift.
There was a report In Detroit last December that the directors would on
Dee. 29 “declare an extra dividend of 9 %, making 20 % on the capital stock’ ’
from the earnings of the year.
A Detroit authority, however, favored us
with the following: “The extra dividend expected was not declared, and
the regular dividend was continued.
Repoits showed large net
fund for old employees founded.”
Compare V. 82. p. 284.
profits;
Pennsylvania Furnace Co.—Dissolution.—The stockhold¬
at a mooting held at Philadelphia on April 26 voted to
power plant by 900 K.W.
For the majority of the year the flowage of dissolve the corporation and to distribute the cash held in the
the river would permit of a deyelopmt nt of a great excess of power.
The
company has a good steam plant of 2.000 h.p. capacity as an auxiliary,
treasury, amounting to about $200,000, the result of a salt'
but It has not been necessary to run this auxiliary plant more than about | of the
property. The “Philadelphia News Bureau” of April
three hours per day during the low-water period of September and October.
27 says:
The Increase to the power plant, the Installation of a storage battery and
other extensive Improvements were completed about Aug. 1 1906 and the
All the assets have been converted Into cash, and as there arc 19.000
shares, stockholders will derive a dividend in liquidation of about $10 per
plant can now take on a large amount of additional business without
much Increase In the Investment.
These Increases In earnings show that share after the payment of counsel fees and all expenses.—V. 80. p. 226.
existing competition from a small steam electric plant lrcatcd In the city
Pennsylvania Steel Co.—Report.—The results for three
Is a factor of small present Importance, which Is rapidly becoming negli¬
gible.
Many new power contracts have been taken and the motors ordered,
years past compare as follows:
and before summer a marked Increase In gross earnings will result without
Constituent Operating Companies.
any material Increase In expenses.
New business In sight amounts to about
Hal. .surplus
Fixed
Other
DcpreNet
3,000 K.W.
The larger electrical contracts Include that of the Montgomery Co l.
elation.
Income.
for Dlv.,&c.
Charges.
Earnings.
Year—
Traction Co., running for 15 years from Feb. 1 1903, at 1 '•;> cents per
K.W.H.. from which we have received In the past six months about $4,000
per month; also a contract with the city running to
are 400 arc lamps now' In commission at $51 per lamp per annum, and 300
16 c.p.
Incandescent lights at 75 cents
each per
1914. under which there
month. We also have
contracts with cotton mills, railroad repair shops, &e.
Our offices are
located In a new and attractive building.
operations for Year Ending Feb. 28 1907.
Gross earnings.
$282,6891 Int. on outstanding bonds.. $100,801
Net earnings after taxes
$158,974 \ Surplus
$58,173
ers
-
1906.
1905....
1904
4,986,248
2,572.476
The dividends
$505,468
277,717
187,805
$821,843
811.562
792,761
$1,513,371
1,755,192
732,008
$3,633,237
2.697,211
1,235,512
paid by the parent company (7% on its
preferred stock) called for only $1,155,000 yearly, while its
miscellaneous expenses were only $33,248 in 1906.—V.
84, p. 453, 163.
May + 19U7
Pittsburgh (Pa.) Oil & Gas Co.—Earnings.—For the fiscal
years
ending March 31:
Fiscal Year—
Gross earnings
expenses and Interest
Net..
1906-07.
51.435.240
$1,208,905
823,783
886,780
$611,457
$322,125
1905-06.
The increase In investments for the yearwas
iii
Inc. $226,335
Dec.
62,997
Inc. $289,332
$361,284, against $538,189
1905-06. and the decrease In indebtedness was$260,173, against an in¬
in 1905-06 of $461,292.—V. 84. p. 274.
crease
Regal Shoe Co., Whitman, Mass.—Preferred Stock Offered.
Appenzellar, New York, arc offering at par
($100 per share) §1,000,000 7% preferred stock, preferred
both as to assets and liabilities; dividends payable quarterly,
Jan. 1, &e. Total capitalization, all “full paid” $2,500,000
pref. stock and $2,500,000 common. Total sales in 1900
1.117,281 pairs of shoes. A circular says:
—Swartwout &
"The average net earnings per annum for 1904, 1905 and 1906 were $218,117.
The results for the first quarter of 1907 Indicate that net earnings
this year will be over $350,000.
These earnings will be largely Increased
next year, when the company has its additional manufacturing facilities.”
Growth of Sales per Annum.
Pairs Sold.
1896.
Sales exceeded. 100,000
The
1898.
1900.
1902.
1904.
1906.
200,000
300,000
650,000
850,000
1,100,000
following information
was
furnished early in the
year:
This company was incorporated under the laws of the State of Maine
•Jan. 18 anil took over the assets and liabilities of Regal Shoe Co., Inc.,
incorporated under the laws of New York, Regal Shoe Co., incorporated
under the laws of New York, and Regal Shoe Co. of Massachusetts.
For the purpose
of increasing its working capital, enlarging its
manu¬
facturing facilities and operating new stores and agencies, the company
hereby offers to the public $1,500,000 of its 7 % preferred stock.
This stock
is not used to liquidate any indebtedness.
The corporation owns and operates at Whitman. Mass., a large and
completely equipped faeloty devoted exclusively to the making of line
shoes; with box factory, shoe dressing laboratories, power, heat and light
plant, and a chain of retail stores front London to San Francisco, all free
and unencumbered; no mortgages, no bonds.
Eleven additional acres of
land were purchased on Feb. 9 1907 and new buildings will in* located
thereon.
'The floor area of the present plant is 159,095 square feet.
The
additions will give the factories a total floor area of 307,784 square feet, and
will double tiie present manufacturing, warehouse and shipping capacity.
The charter and by-laws provide:
"No mortgage or other lien shall lie
placed upon any of the property of the company without the consent of
holders of a majority in interest of the preferred stock of the company.”
The Regal Shoe Co. was started in September 1893.
The original In¬
vestment of $1,500 has grown into a business, the tangible assets and good¬
will of which are worth more than $5,000,000.
In New York City, where
retail shoe competition is keenest. $32,000 worth of Regal shoes have been
sold to Individual purchasers in one day for cash.
In San Francisco one
Regal shoe store sells $250,000 worth each year.
On Dec. 31 1906 we had
on tile 7,369 applications for agencies from merchants in all parts of the
country, and up to the present time, on account of manufacturing limita¬
tions, only forty could lie accepted.
The few exclusive agencies we have
been able to supply show an increase- In volume of business for the year
1906 over 1905 of 129 %.
The Regal business has shown an annual average
Increase of 49 % % each year of its existence, selling only through its own
exclusive stores and a few established agencies.
And yet. to-day, with our
122 stores and agencies, located In 84 of the largest cities of the United
States, we are reaching only one-flfth of the population of the United States.
Location of the 122 Stores ami Exclusive Agencies.
N. Y. State,
^r(lss.
Other.
Del., l
La., 1
Minn., 2 Cuba, 1
N.Y.City, 14 Boston. 3 Conn., 5 Va., 3
W.Va.,3 \VIs., 1
Porto Rico, 2
Brooklyn. 4 Other. 6
Ohio. 3 Ark., 1
R. 1., 2 Ky.,1
Philippines, 2
Oth.,leach,9
('al.
Me., I
Tenn.,3 ind.. 1
Tex., 3
Panama, 1
Pa.
Sa»F.,2
Vt., 1
Ga.,3
Ill. 1
Iowa, 1 Mexico, 5
Phlla.,4
Oakland.2 N.J.,3 Ala., 2
lvllch.,1 Colo.,1 Canada, 2
Oth..leach,8 Other, 1
Md.,2
Fla., 3
Mo.. 2
Wash.,2 England, 1
Washington, D. C.. 1
Constantinople, Turkey, 1
The principle of‘the company has always been to sell its product
from maker to purchaser direct on the basis that it is better to make
live sales at an average profit of 7 % on each than one sale at 25%.
We
have turned some stocks twelve times a year.
See “World’s Work,”
November issue, 1902; "System.” September and October issues, 1905;
“National Magazine,” November issue, 1903, and “McClure’s Magazine,”
April Issue, 1897.
The men who have made this business successful will remain in the active
management of it.
This is assured because they hold all the common
stock.
“They are not selling out."
'The officers are: President, Leonard
C. Bliss; Secretary, Charles H. Cross; Treasurer and Managing Director,
Elmer J. Bliss.
Executive offices, 109 Summer St.. Boston.
Sedalia (Mo.) Water & Light Co.—Reorganization Xotice
—The committee, consisting of Herbert C. Warren, Charles
F. Street and H. M. Knapp, with Victor Cumberson, Sec¬
retary, -44 Wall St., New York City, gives notice:
The
property formerly covered by the llrst mortgage bonds has been
purchased by tne undersigned as a committee representing a large majority
of tiie bonds.
If you desire to participate in the reorganization, it will be
necessary for you to deposit your bonds with the Knickerbocker Trust Co..
66 Broadway. No bonds will be received
Southern
aftpr May 15 1907.—V. 83, p. 1596,
States Land Co.—Called Bonds.—Eleven first
mortgage bonds were payable on May 1 at $512 50 per bond,
with accrued interest, at Knickerbocker Trust Co., New
York.—V. S3, p. 1040.
Southwestern (Bell) Telegraph & Telephone Go.—Stock
Ownership, etc.—See Western Telephone & Telegraph Co.
below.—V. 82, p. 632.
Susquehanna Iron & Steel Co.—Sale May 31.—The court
Lancaster, Pa., oil April 27 authorized the receivers to
sell the property’ at auction on May 31 at Columbia, Pa.,
the upset price to be $400,000 in excess of the $300,000 first
at
mortgage 5-year 6s authprized in Nov. 1901 (V. 73, p. 1064).
A reorganization plan was submitted last October (V. 83, p. 895), but
fell through for lack of financial backing.
In Jan. 1907 a stockholders,
committee was formed, with James G. Lindsay of Philadelphia as Chairman,
and presented a plan that provides for leaving the capital stock unchanged
at $1.500,000 and calls for the sale of $750,000 new 6% bonds to retire the
$270,000 existing bonds and $210,000 other Indebtedness and to afford
about $270,000 for working capital.
The stockholders are understood to
have subscribed about $400,000 of these bonds, and Mr. Lindsay expresses
the hope that by the time of the sale the committee may be in a position to
bid in the property.
The other members of the committee are: James A.
Longstreet, Philadelphia; George M. Davis. Lansford, Pa.;
Clay. Philadelphia;
Walter P. Shipley. Horace Keesey, J.
Archibald James and Alfred C. Bruner.—V. 83, p. 1596.
and Henry
W. Stacey,
Syracuse (N. Y.) Light & Power Co.—Stock Deposited.—
Over 9U% of the stock of the Syracuse Lighting Co., it is
stated, ha" been deposited with the Colonial Trust Co. of
New York under the recent offer, including, it is said, nearly
the entire am >unt of common stock and about 90% of the
preferred.
Further deposits, it is understood, will be
ceived for the
re¬
present.—V. 84, p. 936.
Tennessee
Coal, Iron & RR.—Proprietary Syndicate.
—The following is understood to be authoritative:
105?
THE CHRONICLE
Fxceptlon is taken to the intimations that the Intention of John W. and
disorganize the so-called
pool in the stock.
It is contended that there is really no pool in the usual
acceptation of the term In Wall Street.
The control rest6 with what might
with more propriety be designated as a proprietary syndicate, of which the
elder Gates is a member, his stock, like that of all the other members, being
paid for.
When the syndicate, which is composed of a number of very
rich men, was in process of formation, Charles G. Gates asked for a partici¬
pation on account of his father, who was then In Texas, and requested that
Charles G. Gates to retire from active business will
time should be given for consideration of details.
The outcome was that
the former head of the American Steel <Sc Wire became one of the proprietors
of the Tennessee company.
Gates & Co. never had charge of the syndicate
arrangements and the stock was never in charge of the Arm.
Such of it as
was not kept in the strong boxes of holders friendly to the syndicate was
placed with a house on the other side of Broadway, where it remains to-day
and is likely to remain until the plans for which it was accumulated are
carried out.
John W. Gates has expressed no desire to be relieved of his
participation in the syndicate, and if lie did. it is asserted, some of the other
members would be both able and willing to negotiate with him for his
holdings.—V. 84. p. 993. 275.
.
Union
Oil
Co.
of
California.—Dividend
Increase.—A
monthly dividend of 81 per share, payable May 20, has been
declared, contrasting with 75 cents previously paid.
The
dividends on the Union Provident and United Petroleum
stocks are now $1 and $1 <S4 a month, respectively.
Com¬
pare
V. 84,
1000.
p.
United Copper Co.—Date for Opening of Transfer Books.—
We have received the following from the company’s office:
Our letter of April 24 1997 advised you that the preferred stock transfer
books would tv-open at 10 a. m. on May 16 190 7.
This Is an error, and you
will kindly note that the preferred stock books will re-open at 10 n. m.
May 15 1907.—V. 84. p. 1001. 756.
United Fruit
Co.—Proposition to Purchase Xipc Bay Co.—
a circular calling a meet¬
ing of the stockholders for May 29 to vote on a proposition
to purchase $3.501).000 of the $3,502,500 common stock of the
Nipe Bay Co. (compare V. X4, p. 752: V. 82, p. 1382). The
circular, dated April 27, says in substance:
President A. W. Preston has issued
It has seemed to tiie management, in view of the proximity of the Nipe
Bay Co.’s plantation and the practical Identity of the conditions under
which sugar can be produced by the two properties, that It would lit* an
advantage to the United Fruit Co. to secure the control of the property
of the Nipe Bay Co.
Under the plan proposed the two properties taken
together are expected to yield a sugar production of 160,000,000 pounds
for tiie year commenting Jan. 1 1908, and as a result of further expendi¬
tures on tiie Nipe property, not to exceed $2,000,000 in amount, a produc¬
tion for the year 1909 of 250,000,000 pounds of sugar, which it Is believed
will afford the United Fruit Co. a very profitable source of income.
The
funds for the additional expenditure are to be raised by $2,000,000 Nipe
debentures.
The Nipe Bay Co. lias sold $2,750,000 6% 3-year mortgage notes, and
It Is proposed that these shall remain outstanding.
For the purpose of re¬
imbursing the Nipe Co. for money expended on construction not repre¬
sented by the proceeds of these mortgage notes or of its Issues of stock,
the Nipe Bay Co. proposes to authorize the lssueof $1,600,000 6 % 10-year
debentures, subject to call at any time after three years on 60 days’ notice
at 103 and accrued interest, and to deliver these debentures to the United
Fruit Co... in consideration whereof the latter company agrees to reimburse
the Nipe Co. for the sum thus expended on its property, not exceeding
$1,500,000.
The $3,500,000 common stock of the Nipe Co. is to be acquired by offer¬
The $1,575,000 Nipe deben¬
ing to the holders 45% in Nipe debentures.
tures thus to be delivered to the Nipe common stockholders by tne United
Fruit Co. are part of this $1,600,000 6% 10-year debentures.
[The addi¬
tional $2,000,000 of these debentures, making the $3,600,000 referred
to in the next paragraph, will, we are Informed, be reserved for furure
issue to provide for additional construction requirements.—Ed.)
When this transaction has been completed the United Fruit Co. will own
all the common stock of the Nipt* Bay Co. and $25,000 Nipe debentures.
Tiie outstanding securities of the Nipe Bay Co. will then consist of $2,750.000 6 % mortgage notes (V. 82, p. 1382), $3,600,000 6 % 10-year debentures
and $2,000,000 in preferred stock, entitled to a preference in liquidation
over the common stock, but having no voting powpr, and entitled to 7%
non cumulative dividends until 5 % dividends are paid on tiie common
stock, when it is entitled to share pro rata with the common stock up to not
exceeding a total of 10 % dividends on the preferred stock.
The securities
to be issued by the United Fruit Co. for the purchase will consist of $1,600.000 5% serial debentures payable in annual Installments during the years
1909 to 1918 Inclusive, and it will have in its treasury $3,500,000 of the
common stock of the Nipe Bay Co.
The property of the Nipe Bay Co. comprises a tract of approximately
130,000 acres of land adjoining the shore of Nipe Bay, Cuba.
About 90,000
acres of the land are suitable for cane cultivation, 12,000 have been planted
and are now producing cane and 10,000 acres additional have been cleared
and are in various stages of cultivation.
Thirty miles of standard-gauge
railway, laid with 60-lb. steel, traverse the property, and a modern sugar
factory, capable of treating 3,500 tons a day, has been in operation since
Jan. 19 1907, and has produced thus far this season 72,000 bags of sugar
of 320 lbs. each, which is slightly in excess of the quantity produced at the
United Fruit Co.’s mill at Bancs for the corresponding period of last year.
The Nipe Bay Co. has already expended approximately $6,000,000 (not
counting the cost of 130,000 acres of land above referred to) for the mill,
wharf, buildings, cane planting, rallw'ay, rolling stock and other equipment
and Improvements on the property.
It is estimated that the sugar output of the Nipe property upon the com¬
.
as above stated,and beginning with January 1909,will be
at the rate of 160,000,000 lbs. of sugar per annum, from which it is calcu¬
lated that an average prollt of at least $1,200,000 will be derived.
This
sum will be sufficient to pay the interest and sinking fund charges on the
outstanding obligations of the Nipe Co. and the full 10 % dividend on Its
outstanding preferred stock,and leave a balance of $439,000, which will
suffice to pay the Interest on the United Fruit Co. debentures Issued on
account of the purchase, and retire the principal amount of these debentures,
so that at the end of 11 years the United Fruit Co. will have acquired the
pletion of the mill
property of the Nipe Bay Co. without cost to the Fruit Co. and subject
only to the sums represented by the present mortgage indebtedness of
$2,750,000 and the $2,000,000 of preferred stock.
[Lee, Hlgglnson & Co., under elate of Boston, April 30, have written a
the aforesaid proposition;
84, p. 755, 630.
letter stating quite fully their reasons for favoring
this letter has been printed for distribution.]—V.
United Gas Improvement Co. of Philadelphia.—Results in
Philadelphia.—See Equitable Illuminating (la.s Light of
Philadelphia above.—V. 84. p. 936, 395.
United States Express Co.—Official Circular—Xo Surplus
Available for
Distribution—Increase in Dividends Inad¬
visable.—President Thomas C. Platt has issued a circular
letter to the stockholders in which he states that the com¬
pany is not in a position to make any distribution of
increase in the dividend rate as suggested in the
letter of April 17 1907, signed by A. L. Banister and
S. Hatt.
The circular says in part:
or
surplus
circular
Samuel
To correct any erroneous impression, the present management makes the
following statement:
The real estate and other assets of the company
do not together amount to more than Its nominal shares. $10,000,000; the
The
company has no surplus over this amount available for distribution.
following reasons have deterred directors from Increasing dividends.
The company Is not a corporation, but a voluntary association in which
every shareholder is personally liable lor the company's obligations.
It
has been the aim of the directors to accumulate a fund sufficient to protect
stockholders against personal liability.
The directors have been led to this
conclusion especially by tiie obligations assumed in contracts with railroad
corporations w’hich require the company to pay the railroads a certain guar-
,
of gross express earnings.
These railroad guaranties
outstanding under contract amount to more than $25,000,000.
The risk Involved In carrying millions of money, especially under contract
with the Government, makes It desirable to have a large surplus fund.
The Increased payments to railroads, higher labor costs and advance In
prices of supplies have kept net earnings down to 5 % of the present gross
receipts.
In 1906 the company paid the railroads $1,661,000 more than In
1904, and It paid for labor in 1906 $860,000 more than In 1904, while the
Increase in earnings over 1906 was but $1,552,000.
Hostile legislation has decreased and must continue to decrease the
company’s receipts by allectlng rates.
In 12 of the 26 States In which It
does business,laws have been passed In the last three months enlarging
the powers of the railroad commissions.
One State arbitrarily reduced all
express rates 25 % after Jan. 1 1907.
A reduction in State rates generally
means a reduction In Inter-State rates.
Over 200 bills adverse to express
companies have been Introduced In legislatures In the last three months.
In the last two years 10 States have by statute Increased express company
anteed percentage
now
taxes.—V. 83. D.
163, 277.
United States Leather Co.—Injunction
Continued.—Vice-
Chancellor Emery on April 29 handed down a decision in
the suit of James B. Colgate and other holders of the pre¬
ferred stock granting the application for a continuance of
the injunction preventing the merger with the Central Leather
Co. pending the trial of the action.
The meeting of the stock¬
holders of the United States Leather Co. to approve the
adjourned from time to time because
Compare V. 84, p. 161, 105. The
consolidation has been
the
of
injunction.
Court says:
The consolidation, as It now seems to me, works a dissolution—otherwise
than by “liquidation”—and Is therefore a contingency not contemplated by
the terms of the express contract of preference evidenced by the amended
organization and stock certllicates, which contemplated only a payment In
cash “on liquidation.”
A general rule sometimes applied In determining
the relative rights of shareholders to the assets In cases not covered by the
articles of certllicates Is the one applied In commercial partnership, viz.:
that the lights of all shareholders, whether preferred or common, In the
assets are proportionate to the amount of capital paid In on each.
And
If this rule be applied, then before It can be determined how far the agree¬
ment unfairly or Inequitably Interferes with the lights of the preferred stock¬
holder, by discrimination In favor of the common stockholder, this relative
amount paid In by each class must be ascertained.
If the common stock
was based on good-will, and the preferred stock, as required by the statute
at the time of Its Issue, was based on the value of the property conveyed, It
may be fairly determined that nothing was paid In on the common stock,
and In that event the preferred stockholders In a division on the basis of
capital paid In may be entitled to more than the amount now assigned to
them.—V. 84, p. 505.
107.
United States Smelting, Refining & Mining Co., Boston
—New Director.—John W. Weeks of Hornblower & Weeks
has been elected a director to succeed the late E. C. Swift.
Reduction oj Dividends by Subsidiary.—The United States
Metals Refining Co., one of the subsidary companies, has
reduced its dividend from 12% to 6%.
The “Boston News
Bureau” says:
This company, as the successor to the De Lamar Refining Co., controls
a refinery of a capacity of 144,000,000 lbs. per annum at Chrome, N. J.
It
is a highly prosperous company, capitalized for $4,000,000, with $3,100,000
outstanding, of which the United States Smelting, Refining & Mining Co.
owns
two thirds
and New York affiliated interests the balance.
It has
been paying 12 % dividends per annum, but as the money could be used to
better advantage in the treasury of the subsidiary company than In the
treasury of the parent company, the dividend has been reduced from 12%
to 6 %.—V. 84. p. 107.
Colorado Springs, Colo.
States Sugar & Land Co.,
United
—New Stock.—At the annual mooting on Apr. 9 the share¬
holders voted to increase the authorized issue of capital
stock from $5,000,900 to $8,000,000, divided equally into
7% cumulative preferred stock. Compare
384. Chairman J. D. Hawkins under date of
Colorado Springs, April 26, writes:
and
common
V.
83,
p.
After this Increase the amount available for company purposes was
$l,885,(H)o, par value of preferred stock and an equal amount of common
stock.
Tills preferred stock has been offered to all shareholders of record
on May 1 at $95 per share, with a bonus of 50 % common stock.
The com¬
pany
will utilize the funds thus received for
enlarging Its sugar factory,
The directors
upon its land and for working capital.
follows: J. D. Hawkins, Chairman of Executive Committee; C. M.
MacNelll, President: R. P. Davie, Vice-President; O. H. Slioup, SecretaryThe
C. M. MacNelll, J. R. McKInnle, Spencer Penrose, C. C. Hamlin.
Treasurer and General Manager is F. A. Gillespie.—V. 83, p. 384.
placing Improvements
are as
Vulcan Detinning Co.—Report.—The report for the year
ending March 31 1907 shows a surplus—after deducting
depreciation and betterments also dividends of 53^%
($77,500) on the preferred stock—amounting to $20,366.
This compares with a surplus of $35,479 in the preceding
year, when dividends of 7% ($105,000) were paid.
The
total ' surplus on March 31 1907 was $373,793, against
$353,427 on March 31 1906.—V. 83, p. 1234.
Western (Bell) Telephone & Telegraph Co.—Notes Off¬
ered.—Baring & Co., New York City, Kidder, Peabody &
Co., Boston, and F. S. Moseley & Co., Boston and New York,
began offering on Apr. 27, at 97^^ and int.,yielding 6*4%,
an
issue of $8,000,000 5% 2-year notes, coupon or regis¬
tered, dated May 1 1907, due May 1 1909; interest payable
May and November. In denominations of $1,000, $5,000
and $10,000.
These notes are secured by $12,000,000
Western Telephone & Telegraph Co. collateral trust 5%
bonds due 1937, deposited with the Old Colony Trust Co.,
Boston, trustees. A circular says in substance:
These bonds,deposited as collateral,are secured by
and notes of dividend-paying constituent companies:
the following stocks
$5,580,000 Southwestern Telegraph & Telephone Co. stock paying 7%.
Bonded debt, none.
Territory, Arkansas and Texas.
3,730,000 Wisconsin Telephone Co. stock paying 5%.
Bonded debt,
none.
Territory, Wisconsin.
2,680,000 Northwestern Telephone Exchange Co. stock paying 4^%.
Bonded debt, none.
Territory, North and South Dakota and
Minnesota.
1,015,000 Cleveland Telephone
Bonded debt, none.
4,200,000
Ohio.
Northwestern
Southwestern
Co. notes.
Company pays 5% dividends.
Territory, Cleveland and Cuyahoga Co..
Telephone Exchange Co. notes.
146,000
Telegraph & Telephone Co. notes.
The American Telephone &
Co. owns about 76 % of the pre¬
ferred stock and 57 % of the common stock of the Western Telephone &
Telegraph Co. and In addition owns directly about the following amounts
•
Telegraph
Compare V. 82,
699.
ipt
of capital stock of the operating companies.
p.
Tefei
18 % of Northwestern Telephone
Ex¬
16 H % nf
Wisconsin Tplpnhnnp
of Wlsonnaln
Telephone On.
Co. 118
change Co.
16 H of Southwestern Telegraph &
22 Yx of Cleveland Telephone Co.
Telephone
Co.
jpL
Telephone & Telegraph Co. for the year end¬
1907 was $1,821,754; Interest on the funded debt and taxes,
The Income of the Western
ing Jan. 31
[VOL.
THE CHRONICLE
1058
LXXXIV.
$505,000, leaving balance applicable to Interest on notes and dividends
stocks
on
$1,316,754.—Compare V. 84, p. 630.
Securities Owned and Pledged.—The amounts
the controlled companies pledged in
of stock and
1902 for the
$10,000,000 collateral trust 5s due in 1932 and the further
amounts now deposited to secure the new issue of bonds
(pledged as aforesaid) are shown below:
notes of
Approx.Stock Pledged forBonds of 02. Pledged for Bonds of 07 .Bondi.
Issued.
Stock.
Notes.
Stock.
Notes.
Out.
Company—
N. W. Tel. Ex. Co-S7,618.800 $3,574,300
S.W.Tel.ATel.Co. 13,990,000
6,116,000
Clev. Tel. Co..... 3,100,000
2,400,000
Wis. Tel. Co
7,420,000 2,446,000
$773,708 $2,680,000 $4,200,000 None
146,000 None
1,154,210 5,580,000
971,630
1,015.000 None
887,970 3,730,000
None
...
The American Telegraph <5c Telephone Co. owns all of the stock of these
several companies which Is not owned and pledged by the Western Tele¬
phone & Telegraph Co., as above showh.
The collateral trust Issue of 1902
also covers $1,065,000 of the $2,000,000 stock of the Postal Telegraph &
Cable Co. of Texas and over $9,300,000 of the $10,000,000 bonds of the
old Erie Telegraph & Telephone Co., an additional amount thereof being
In the sinking fund, leaving only $134,500 In the hands of the public.—
V. 84, p. 630.
Wichita (Kan.) Natural Gas Co., Pittsburgh, Pa.—Second
Mortgage Bonds.—The company has issued $300,000 second
mortgage 6% serial gold bonds, due in ten annual install¬
ments of $30,000 each from May 1 1908 to May 1 1917,
inclusive.
The company is one of the oil enterprises con¬
trolled by T. N. Barnsdall; it owns oil w’ells in Montgomery
County, Kan., and about 280 miles of pipe line, supplying a
district with a population of about 100,000.
See full particu¬
lars in V. 84, p. 512.
Wood WorstedfMills Corporation.—See American Woolen
Co. above.—V. 82, p. 105.
Woonsocket (R. I.) Electric Machine & Power Co.—Em¬
bezzlement.—Levi C. Lincoln, Secretary and Treasurer, has
resigned, confessing to a shortage of $92,000 on account of
which he has turned over to the company property which
he claims is worth $40,000. Providence “Daily Journal” says:
The present
outlook Is that the stockholders will net approximately $140
share after the matter Is adjusted.
Estabrook & Co. have agreed in
writing that their original offer of $155 15 per share will stand, with the
pro rata share of each stockholder In the company’s losses deducted there¬
from, such deduction to be arrived at by a joint audit of the books.—V. 84
p. 512.
per
—Announcement was made this week of the proposed re¬
from participation in the brokerage business of
Charles G. and John W. Gates, of the Stock Exchange house
The firm will be dissolved about
of Charles G. Gates A Co.
June 1.
On the 1st inst. Harris, Winthrop & Co. took over
the firm’s Chicago business, retaining their office in the
rotunda of the “Rookery,” but not in the “Railway Ex¬
tirement
change” office. The latter will be continued by Gates &
Co., under the management of Mr. Morrow, a partner, until
the final liquidation of the firm’s business.
Harris, Win¬
throp & Co. absorbed also on the 1st inst. the stock broker¬
age business of Granger Farwcll & Co., both in New York &
Chicago, as announced in the “Chronicle” of April 13. On
the same date the following were admitted to general part¬
nership in the firm: Woodward Babcock, formerly of Hol¬
lister <fc Babcock, New York; George A. McClellan, formerly
of Granger Farwell & Co., New York; and Hugh Blythe of
Chicago.
—A work treating of .the Consolidated Stock Exchange
of New York has been prepared b}' S. A. Nelson, author of
“The A B C of Wall Street,” “The ABC of Stock Specula¬
tion,” etc. The book is of convenient size, bound in flexible
covers of green leather, and contains 124 pages.
In setting out the history, organization, machinery and
.methods of that Exchange, Mr. Nelson seeks to give a brief
and clear account of that body and its.various departments,
together with their relationship to the public.
The work also embraces a “Glossary of Wall Street Terms,”
and is illustrated with a number of photographs.
The price
of the book is $1.00; it may be obtained from S. A. Nelson,
care
the A. B. Benesch Co., 116 Nassau Street, or from
T. J. McBride’s News Agency, 71 Broadway.
—After forty years’ service in Wall Street, William B.
Waldron retires from the old established firm of H. T. Carey
& Co. at 66 Broadway.
The business wall be continued by
the remaining members—Samuel F. Streit, member of the
New York Stock Exchange; < Henry T. Carey, as special
partner, and the following newly admitted partners: Henry
F. Taylor, member of the New York Stock Exchange and
lately of Graham, Taylor & Co.; Raymond E.Streit,and, as
special partner, Alexander Harvey Tiers, formerly of
Rogers & Gould. The concern has moved into finer and more
commodious banking rooms on the fifth floor of 66 Broad¬
way and will have two members representing it on the Board
instead of
one as
heretofore.
of “The Imprint,” published by the
Co., contains a supplement in colors
showing the company’s new administrative headquarters in
New York City, at Broad and Beaver streets, now in process
The spirit of the Jamestown Exposition is fol¬
of erection.
lowed in the cover design in an attractive illustration of an
Indian’s head.
Articles of interest to bank and trust com¬
—The May number
American Bank Note
pany officials deal
dustrial securities.
are
with the protection of municipal and in¬
Many interesting examples of printing
also shown.
Westling, Jones & Emmett, of
Philadelphia, was dissolved May 1 and two new co-partner¬
ships formed, Jonas Westling and Frederic H. Emmett,
composing the new firms of Westling, Emmett & Co., and
E. B. Jones and H. C. Davis, formerly of Wilkesbarre, Pa.,
—The old bond house of
Mat 4
THE CHRONICLE
1907.1
forming the other firm, to be known as Jones, Davis & Co.
Both firms will be located in the Land Title Building and will
deal, as heretofore, in high-grade municipal and corporation
3pue (Emmuercial
bonds.
—Ernest Abs-Hagen, C.E., M.E., Consulting Engineer,
at 1 Broadway, this city, reports that he is now fully equipped
to make examinations and reports on all Latin-American
industrial projects in which American and English bankers
interested.
For years he has made a careful study of
Latin-American enterprises and in the future will make this
are
a specialty of his business in addition to handling water
supply, sewerage systems and power plants.
—Messrs. Peabody, Houghteling & Co., Chicago, have
removed their offices from the First National Bank building
to the Borland Building, southeast corner of La Salle and
Monroe streets.
The bond and mortgage departments
occupy the banking floor and the real estate department the
fifth floor of the building.
This old and reliable firm is now
better equipped than ever to render efficient service to its
clients.
—H. L. Horton & Co., 66 Broadway, this city, announce
the retirement of John G. O’Keefe, connected with the firm
for forty-two years, and also Philip T. Brown, one of the
two Board members. The other members of the old concern
H. L. Horton, F. W. Anness and C. B. Mears,have formed
a new
the
co-partnership and will continue the business under
same
name
heretofore.
as
—R. L. Day & Co. have moved this week to 37 Wall St.
They have the entire fourth floor of the new building of the
Trust Co. of America.
This gives them much more commo¬
dious quarters than they had in their old offices at 3 Nassau
The firm have memberships on both the New York
St.
and Boston Stock Exchanges, and have every facility for
the handling of investment securities.
—The firm of Rhoades & Co., at 7 Wall Street, this city,
composed of John Harsen Rhoades and I. Richmond Hoxie,
dissolved
on
the. 1st
inst.
Mr.
Rhoades
has
become associated in partnership with A. Mitchell Hall 2d,
and the}7 will continue a general investment and commission
business at the above address under the old name.
COMMERCIAL EPITOME.
Friday Night, May 3 1907.
Unseasonable weather has been a drawback, but trade
has been still good at generally firm prices.
Prospects for
the
of J. Stewart
Campbell, curb brokers*
was changed on May 1 to J. Stewart Campbell & Co.
The
concern’s increasing business in unlisted investment securi¬
name
ties necessitated moving to more commodious offices on the
sixth floor of the Broad Exchange4 Building, 25Broad Street.
—Hornblowcr & Weeks have issued a booklet containing
statistical information regarding New York and Boston rail¬
road, mining and miscellaneous stocks, including tables
giving capital, dividends, range4 of prices, etc., and a short
history of mining companies and other interesting data.
—The attention of investors is invited to the4 advertise¬
ment in our municipal department, of $1,165,500 City of
Newark, N. J., A% school bonds offered by J. S. Rippel,
of Newark.
Particulars regarding tin4 water debt of Newark
are given in the advertisement.
f-—Havomeyer <fc Gall away, of 43 Exchange Place, New
York City, are in the market for all La Fayette Gas Company
bonds, deposited or undeposited, which they can obtain.
Write or telephone 6176-6177 Broad.
—The Chicago stock and bond house of Phelps, Delaney
& Co. announce their removal May 1 from 200 LaSalle
Street to the bank floor of the Royal Insurance Building,
110, 112 and 114 Quincy Street.
—Grannis & Lawrence of this city have issued a circular
stating their views as to the attractiveness, as an investment,
of the new Atchison convertible 5% debentures now being
offered to the stockholders.
grain and cotton
Stocks of Merchandise.
Co., the large New York brokerage and
banking house, has taken over the Washington (D. C.) and
Atlantic City offices of Charles G. Gates <fc Co.
—A. O. Slaughter Jr., Chicago banker and broker, has
dropped the “junior” suffix from his name, and hereafter the
style of his firm will be A. O. Slaughter & Co.
—Ward Campbell was admitted to partnership in the
Stock Exchange firm of F. S. Smithers & Co., 44 Exchange
Place on April 30.
—Attention is called to the page advertisement of Tobey &
Kirk, giving a list of securities wanted and a second list of
securities offered.
—Baker & Vaughan, bankers and brokers, have moved
to the new Trust Company of America Building, 37 Wall
Street.
—The offices of the Northern Audit Co., Charles Griswold
Bourne, President,
York.
are now
located at 52 Broadway, New
.
—The Landis Banking Co., Nashville,
ing copies of its booklet, “More Light on
Tenn., is distribut¬
Stocks and Bonds.”
bags
bags
mats
bags
hogsheads
bags, &e.
Hides
Cotton
Rosin
bales
barrels
barrels
barrels
Spirits turpentine
Tar
Saltpetre
Manila hemp
Sisal hemp
bags
.
Flour
LARD
bales
bales
barrels and sacks
not altogether
April 1
Map 1
1907.
1906.
6.540
6.250
7,589
14.875
12,500
14,008
3.519.000 3,392,893 3,389,027
252.811
264.220
135,450
236,500
245,153
415,368
none
none
4,859
none
198,059
845,430
3,500
2,250
2,500
167,156
170,071
152,418
10,500
12,871
18,513
968
206
1,246
2,160
1,949
1,313
825
970
3,600
40,220
26,500
45,133
3.950
5,635
8,219
76,900
41,200
103,400
the spot has ruled steady.
Trade has been
stocks continue light. City 8J4@8.30c. and
Western 8.S0@8.90c.
Refined lard has been quiet but
firm, with supplies and offerings moderate. Refined Conti¬
nent 9.25c., South America 10c. and Brazil in
kegs 11c.
The market for lard futures at the West has been moderately
active, with rather narrow fluctuations in prices. The
strength of the grain markets has had a bracing effect on
lard at times, but there has been less disposition among some
to buy, owing to increased receipts of live hogs of late and
the quietness of the cash markets.
on
quiet, but
DAILY
CLOSING PRICES OF LARD FUTURES IN CHICAGO.
May delivery
July delivery
September delivery
Sat.
Mon.
Tnes.
Wed.
Thurs.
Fri.
8.67
8.82J-U
8.95
8.62>5
8.75
8.87b;
8.57}<J
8.72J*
8.85
8.62!.^
8.75
8.87H
8.67 w,
8.82 H
8-95
8.67 U
8.8 2H
8.92,';;
PORK on the spot has been firm with some increase in the
volume of business.
Mess $17 50@$1S 25, clear $17 75@$19
and family $19@$19 50.
Cut meats have been strong with
a moderate demand and light
supplies. Pickled shoulders
10c., pickled hams 12@12j^c. and pickled bellies, 14@10 lbs.,
10J j (o'1134 c*. Tallow has been firm and more active.
City 6c. Stearines have been dull and weak. Oleo 8C>@
S%c. and lard 6)4 @/9%c. Butter has declined on increased
supplies; creamery extras 27@27}4c. Cheese has been
moderately active and firm; State factory, fancy, 15c.
Eggs have boon quiet but firm; Western firsts 17^@18c.
OIL.—Cottonseed has been firm
on
unfavorable cotton
Prime summer yellow 47c..and prime winter
yellow 42@43c. Linseed has been quiet and steady. City,
raw, American seed, 42@43c.; boiled 43@44c.; Calcutta,
raw, 70c.
Lard has been dull and easy; prime 73@75c.
Olive has been firm, ('specially for yellow, owing to small
supplies. Yellow 85@95c. and green 70@75c. Oocoanut
has been moderately active and steady.
Cochin 10^(3). 10?4C
and Ceylon 9)'2@9MCPeanut has been quiet and steady;
yellow 50@60c. Cod has been quiet and steady; domestic
crop reports.
38(3),40c. and Newfoundland 40@42c.
COFFEE on the spot has been dull and steady.
7,
6^@6^c., and Santos No. 4, 7%c.
Rio No.
West India growths
have been in light jobbing request and steady; fair to good
Cucuta
The market for future contracts has
been dull with a sagging tendency, due to heavy European
cables, cheaper offers from Brazil, liberal receipts at Rio and
Santos, increasing supplies in the world and scattered liqui¬
—Redmond & Co., on another page
out three classes of securities that at the
—A. O. Brown &
tierces
Coffee, Brazil..
Coffee, Java
Coffee, other
Sugar
Sugar
dation.
funds.
are
Mav 1
1907.
Lard
Cocoa
—A. G. Edwards & Sons, members of the New York and
St. Louis Stock Exchanges, have removed their New York
offices from 71 Broadway to the third floor of the building
at No. 1 Wall Street.
of this issue, point
present time afford
exceptionable opportunities for the profitable investment of
however,
crops,
favorable.
was
—The firm
1059
The closing prices were as follows:
May
5.50c. September
June
5.40c.
July
August
5.40c. November
5.35c. December
October
5.35c. January
5.35c. Feburary
5.35c. March
5.35c. April
5.35c.
5.35c.
5 40c.
5.40c.
SUGAR.—Raw has been in moderate demand and firm.
Centrifugal, 96-degrees test, 3.763^c.; muscovado, 89-degrees
test, 3.263^c. Refined has been dull and steady.
Granu¬
lated 4.65@4.70c.
Teas and spices have been dull and
steady. Hops have been fairly active and steady.
PETROLEUM.—Refined has been active and firm; bar¬
rels 8.20c., bulk 4.75c. and cases 10.65c.
Naphtha has been
in good demand and firm; 73@76 degrees 18c. in 100-gallon
drums.
Gasoline has been active and firm; 86-degrees 21c.
in 100-gallon drums.
Spirits of turpentine has been quiet
and steady at 68@69c.
Rosin has been moderately active
and firm; common to good strained $4 90.
TOBACCO.—The market for domestic leaf has continued
quiet and featureless during the week. Prices, however,
have been firm in the main, owing to an absence of offerings.
There is a general disposition to await developments. Crop
reports from the South have been conflicting. Havana has
been quiet and firm.
COPPER has been strong and in active demand, partly
for export; lake 25J^@25^c. and electrolytic 24^@245^c.
Lead has been quiet and steady at 6c.
Spelter has been
dull and weak at 6^c.
Tin has been quiet and steady;
Straits 42.60c.
Iron has been active and firm;
No. 1
Northern $23 70@$24 70; No. 2 Southern $23 25@$24.
,
f
[Vol.
THE CHRONICLE.
J <><»<>
On
COTTON.
Friday Night, May 3 1907.
THE MOVEMENT OP' THE CROP as indicated by our
telegrams from the South to-night is given below. For
the week ending this evening the total receipts have reached
741.710 bales, against 76,008 bales last week and 79,481
baes the previous week, making the. total receipts since
the 1st of September 1900, 9,204,865 bales,against 7,125,706
bales for the same period of 1905-06, showing an increase
since Sept. 1 1900 of 2,139,159 bales.
Receipts at
Galveston
Bort Arthu
dec
.
102
...
26,193
493 i
2.514
172
1,937!
436
295
1
1,278
63
l
|
.i
i
Shipboard, Not Cleared for—
New Orleans..
Galveston
Savannah
Charleston
Mobile
Norfolk
New York
Other ports
10,003!
wise,
500
600!
200!
1,165!
j
i
3,500
1 .800
2,500
—
1,827
8,786
26,690
Total 1907..
29,567
Total 1906..
15,316
Total 1905.. 101 098
,o66
200
1,665
14,868
14,8681
j
,
350
38,949
56,987
4,400
3.290
*
2.000
j Total.
423|
16,637!
23,0531
3.800
..
Leaving
| Coast- '
Foreign'
11,409
16,080
477)
1,000
13,564
Other
Ger¬
many.
,
Britain. 1 France
May 3 at—
i
300;
5,150
j 6,300
,590j 20.346il28.519
30,989
45
43.412
30,663
56,790
13,816
22,302 120,479
30,239 228,633
stock.
109,721
71,172
51,574
8,348
10,623
5,530
163,046
30,718
450,732
426,569
435,842
Total.
!
3,460
Jacksonville, dec.
Savannah
Brunswick
j
4,968
2,797
I
3,598
6,332
_
2.092
414
1 ,682
New Orleans
Mobile
Pensacola
Frl.
!
j
r
OorpusOhrlstl
.
j
Thurs. ;
5,265;
4.982
5,656
2.525
Wed.
Tues.
Mon.
Sat.
-
Great
LXXXIV.
4,091
15,835
1,482
3,460
Speculation in cotton Tor future delivery has shown
greater., activity during the week at rising prices. The
advance was mainly due to unfavorable weather at the
South, particularly the low temperatures in the Southwest,
reports that a good deal of replanting will have to be done
Mississippi River, and finally agressive
at
expense of the shorts in n'ar months
manipulation
the
OF
132]
Charleston
not only here but also in New Orleans and Liverpool. Throe
Georgetown
120
167
231
1,522
404
561
39
has been rather more interest shown in the speculation by
Wilmington
1 ,066
979
258 i
1 ,651
5,524
698
872
Norfolk
the outside public and on some days the bus.ness done by
445
298
147
N’port News, dec.
88
676
67!
309
90
30
92
commission houses was the largest for a long period.
Liver¬
New York
531
75
21
54
1 10
176
Boston
pool
and
New
Orleans
houses
have
bought
here
freely
and
so
681
108
;
5
7
3
Baltimore
14
14
have houses in Wall Street and others with Western and
Philadelphia.
—[
Southern connections.
It is said, too, that the bull party
1 1 .469
12,479
8,244 10,246 74,710
8.224
24,048
Totals this w< ek..
here includes some pretty well known figures in the1 financial
district, a rumor which, whether true or not, lias not b »en
The following shows the week’s total receipts, the total
without its influence as s eeming to sum • at least to explain
since Sept. 1 1900. and the stocks to-night, compared with
the resisting power of the market at times of late when the
last year:
*■
speculation has lagged. In any case bulls have been
noticeably more aggressive of late, favored as they have been
15)06-07.
Stock.
i
1900-00.
by persistent reports of a backward season, especially in
Receipts to
Texas and elsewhere in the Southwest, the necessity of re¬
This .Since Sep
This jSince Sep
Man*.
week. ; 1 1906. \ week. , 1 1905. ,
1907.
1906.
planting which may further retard the season, the activity
and firmness in Liverpool and the even greater strength
26.193■3,736,280' 20,172 2,402,661 j 128,159'
92,948
Galveston
! 111,606
132,823!
I
shown by the market in New Orleans, where on Wednesday
Port Arthur
4.091
68,019!
59
32,611*
Corp. Christi, dec.
There is an impression
15.835 2,178,7011 21,058 1,497,393!
148,670l 154,576 the July option advanced 44 points.
New Orleans
1.482
that a considerable short interest ex'shs in Liverpool in
245,353 j
2,121
Mobile
219,323
12,288;
11,648
Pensacola
3,460
135,118
4,850
138,735;
the May-June delivery and in Juty at New York and New
6.962!
57
17,082
*
Jacksonville, dec..
13,195 1,403,848
16,130 1,341,327
55,974
60,853
Savannah
Orleans, though the heavy covering during the week makes
697
5.629
168,168
4,872
173,885
7,768'
Brunswick
it clear enough that this interest is not so large as it was
364
3,733
16,302
145,264
165,179
8,548;
Charleston
9
1,095;
1,177
recently. Little or no attention is now paid to the May
Georgetown
5,122
1,522
315,328
2,66 2' 295,906
2,924
Wilmington
option/which
was recently the centre of attraction.
July
Norfolk
5,524
535,311
6,400] 578,490'
20,398
32,087
is the great feature and it is worthy-of remark that although
445
38,066:
197
20,097;
1,050,
N port News, dec.
676
5,5341
168,196
20,879
123
157,642
New York
recently it was at a discount of about 40 points under Octo¬
531
Boston
69,997:
292
56,035.
11.371!
6.264
ber, it sold even with that month on Thursday, a fact which of
681
723
10,458j
3,483
56,195!
60,806;
Baltimore
14
7,769
1,249!
2,692
7,4581
itself bears rather striking testimony to the urgency of the
Philadelphia
Moreover, the spot markets have been firm,
Total
74,710 9,264,865 83,458 7,125,706
579,25P 547,048 demand.
1
!
I
i
though Liverpool’s spot salt's, after prolonged activity, have
fallen off.
The exports‘have been large, while the receipts
In order that comparison may be made with other years,
at the ports have been
comparatively small and trade re¬
we give below the totals at leading ports for six seasons:
ports have, in the main, been favorable. To-day there was a
decline owing to liquidation of July supposedly for leading
1902.
1903.
1904.
1905.
1907.
1906.
Receipts at —
;
bulls, and a-certain feeling of nervousness growing out of the
16.469
8,763
30,876
20.231
45,689
Galveston.&c.
30,284
proceedings instituted against the Exchange by
injunction
3 5,516
20,664
24,365
13,246
New Orleans.
21.058
15,835
Mr. Theodore H. Price, who alleges certain irregularities in
188
170
520
1 ,482
2,121
3,961
Mobile
6,745
6,505
16,130
38,366
the matter of classification, etc.
The next-crop options were
13,195
3,725]
Savannah
469
213
36 1
4,913
3,742
51]
Charleston,&c
the
least
depressed
as
the
weather
"and crop reports were
714
312
1
25
1 .522
,813
2,662
Wllmltig’n .&e
more or less unfavorable.
Cotton on the spot has been
3,762
3.267;
3,348
17,564
Norfolk
6,400
5,524
528
87
284197
445
1,696
N’port N., &c
officially reported quiet. Middling closed at 11.55c., show¬
6,128
5,243:
11,591)
5,990
6,059
10,917
All others
ing an advance for the week of 25 points.
59,368
74.710
34,774* 68,615
Total this wk.
83,458
164,209
The rates on and off middling, as established Nov. 21 190fi
by" the Revision Committee, at which grades other than
Since Sept. 1. 9,264,865 7,125,706 8,542,017j6,902,115] 7,373.384 7,190,810
middling may be delivered on contract, are as follows:
..
2,818]
.
1 ,874
f,523
63
697
29
1*296
3.240
'
.
*
13,195
2,444
f
74-
5
on
both sides of the
697
364
J
.1
_
.
.
.
.
.
—
—
—
-
-
-
-
-
__
.
.
..
.
..
.
_
..
,
•
_
.
.
.
for the week ending this evening reach a total
of 0S.4S8 bales, of which 37,863 were to Great Britain,
26,953 to France and 33,672 to the rest of the Continent.
Below are the exports for the week and since Sept. 1 1906:
The exports
Week
Exports
jrom—
end inn
May 3
Exported to —
France.
Britain.
Conti-
1907
Total.
nent.
-
0.000 13,000
•
5.272
5,136
3,460
24,272
5.136
. 3.460
11,128
14.686
868,494 274,276
68,524 28,059
58,985 29,342
1
3,558
.
.
150
Norfolk
3.284
3.372
193
...
Philadelphia..
Portland, Me
657
45
.
San Francisco.
Seattle
Tacoma
Portland. Ore.
Pembina
.
...
i
8,094
3.547
297
1
200
857
!
!
’.
;
3,037
115,021
6,000
2,367
.4420
250
4,760
175
104
50
49,766
150
250
Newport News
146.190
82,821
174,629 37,153
124.454
72,407
6,133
33,450
7,501
45
;
;
3,037
Detroit
Total
1905-06
.
!
■
9,679
5,364
944
188,361
17,392
62,285
400,143
141,846
140,825
3,700
37,150
7,501
'
74,903
74,903
85.065
85,065
44,168
400
4,030
.
_
760,1421,902,912
60,314 156.897
55,809 144,136
100
100
696,311 865,273
52,519 135,340
21,393
21,393
186,265 307,286
5,047
7,414
.....
_
2.00 on ! Strict low mid_.c. 0.14 off! Middling tinged.c.
1.75 on
1.50 on
1.25 on
1.00 on
0.88 on
J
Fully low mid
;
j
l
0.76 on j
0.57 on
0.38 on!
Basis I
0.32 ofT; Strict low mid.ting
Low mid. tinged:.
Strict g’d ord. ting
• Fully mid. stained
j Middling stained..
Barely mid.stained
Strict low m. stain.
Fully 1. m. stained
Low mid. stained.
middling
0.50 off
Barely low mid
0.70 off
Strict good ord
0.90 off
P'ully good ord
1.07 off
Good ordinary
1.25 off
Strict g’d mid. tgd. 0.30 on
Good mid. tinged. Even
Strict mid. tinged. 0.06 off
; Low
The official quotation
New York market each
April 27 to May 3—
Middling upland
62,745 121.160 2.640,726 648,881 2,397,903 5,687.510
telegrams to-night alsogive us the following amounts of cotton on shipboard, not
cleared, at the ports named.
We add similar figures for
New York.
0.42 off
0.50 off
0.78 off
1.50 off
1.75 off
2’00 off
for middling upland cotton in the
Sat.
Mon.
Tues.
11.30
11.30
11.45
Wed. THurs.
11.55 11.55
Fri.
11.55
QUOTATIONS FOR 32 YEARS.
quotations for middling upland at New York on
May 3 for each of the past 32 years have been as follows:
1907.O
1906
1905
1904
1903
1902
1901
1900
...
11 .55
11.75
7.90
13.55
10.75
9.56
8.25
9.81
1899.c
1898
1897
1896
1895
1894
1893
1892
6.12
6.31
7.75
8.25
6.81
7.31
7.81
7.31
8 .88
12.00
1891_C
1890..
1889..
10.62
j
1882.
.11.191 1881.
10.00 1880.
10.75 1879.
9.31 1878.
10.75 1877.
11.75| 1876.
...
1888..
1887..
1886..
1885.
1884..
.
12.25
10.56
.11 .81
.12.00
.10.62
.11.12
.12.62
MARKET AND SALES AT NEW YORK.
!
Futures
Spot Market
Market
Closed.
Closed.
iSales of Spot and Contract.
r
Con-
Export sum’n.
Barely steady
Saturday. .'Steady
Steady
..j
Monday
iSteady
'Steady, 15 pts. adVi Very steady J
Tuesday
Steady
J
Wednesday Steady, 10 pts. adv
Barely steady!
Thursday .[Steady
Easy
;
Friday
! Steady
.
In addition to above exports, our
0.90 otl
1.25 off
day of the past week has been:
98,488 3.514.328 879.658 3.379,188 7.773.174
33.672
0.46 off
The
4,030
9.769
50,789
0.12 oft
NEW YORK
44,168
400
37,863 26.953
7,626
c.
Middling lair
Barely mid. fair..
Strict good mid
Fully good mid
Good middling
Barely good mid..
Strict middling
Middling
1,547
1,547
_.
Wilmington
Total
1906 to May 3
Exported to—
1
34.057 1,688,418448,829 1,009,6323,146,979
56,962
75.861
132,823
.
New Orleans..
New York
Boston
Baltimore
Total.
nent.
24,312 10,345
Corp.Ohris..<fcc
Mobile
Pensacola
Fenvmdina
Savannah
Brunswick
Charleston.
Great
Conti-
(treat
liritain. Er’nce
Galveston
Port Arthur
1907. From Sept.
Fair
Strict mid. fair
Total
r.7oo
j Con- j
tract: Total.
i
200
200
875
675 i
200!
150 63,000 63,150
422 11,800 13 922
386 2.100
2.486
1/700; 1.633 77,300 80,633
May 4
FUTURES.—The highest, lowest and closing
New York the past week have been as follows:
TOWNS the movement—that is,
the
week
and since Sept.l, the shipments
receipts for
the week and the stocks to-night, and the sameitemsfor
corresponding period for the previous year—is set out
AT THE INTERIOR
prices at
the
for
the
detail below.
in
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til e afloat
Man 3 —
Stock at Liverpool
Stock at London...
Stock at Manchester
.hales. 1,
.
.
977.000
12,000
71.000
89,000
Total L cat Urltain
Stock at llaoihui ^
Stock at Bremen
Stock at Antwerp
Stock at 11 avre
Stock at Marseilles
Stock at Barcelona
Sioclc at (tenoa
Stock at Trieste
stock-.
.
..
.
13,000
192,000
98,000
4
.
.
.
.
78,000
165,000
4,000
9.000
43,000
19.000
8,000
26 1 ,000
3,000
16.000
.
.
..
stocks
.
434,000
892,000
.
.
1
Total Kuropean stocks
2 .200,000
23 8,000
India cotton alloat for Uuropc. .
-11 2 ,39 s
American cotton afloat for t.urope
Lprypt.Brazil,Ac..afloat for lairope
Stock
Stock
Stock
Stock
in Alexandria, t’.irypt
in Bombay, India
in l’. S. ports
in U. S. interior towns
.
.
_
...
.
day
fl. S. exports to
,060,000
1 1.000
....
.
.
1
1 ,308,000
.
..
Total Continental
1900.
21 1,001)
8,000
eonse-
555,000
620,000
22.000
280.000
4,000
1 ,000
126,000
3,000
29,000
62,000
4,000
5
1 88,000
3,000
21 ,000
37,000
560,000
84,000
1,458,000
78,000
385.000
,180,000
249,000
1 92,000
23,000
1
23,000
1 82,000
4 23,000
195,000
833,000
664,475
442 ,741
17,3 43
Total visible supply
.
..
Of tiic above, totals of American and other descriptions are as
n
—
866.000
60.000
379,000
400,399
547,048
367,562
22,916
stock
.bales.1,087,000
72,000
Manchester stock
836,000
Continental stock
412.398
American afloat for Lurope
Liverpool
.
.
.
.....
.
.
.
_
.
..
_
.
.
....
U. S. port stocks
.
IT. S. interior stocks
V. S. exports to
.
.
.
.
.
......
day
.
...
.
371 ,40.1
196,94 6
2,907
....
Liverpool stock
......
London stock
Manchester stock
Continental stock
India afloat for Kurope.
.
.
...
.
.
....
Kjrypt. Brazil, Ac., afloat.
Stock In Alexandria. Lyypt
Stock in Bombay. India
.
Total East India. Ac...
Total American
.
.
.
.
.
Total visible supply
Middling Upland, Liverpool..
12.000
11 ,000
55,000
171,000
38,000
126,000
1.063,000
238,000
34,000
166,000
812,000
442,000
45,00 0
492,000
192,000
82,000
12,000
10,000
35,000
78,000
23,000
195,000
833,000
371.409
196,946
2,907
1
,7 42,262
113,000
9,000
11 ,000
68,000
249,000
23,000
182,000
423,000
1 .455,000 1,587,000 1 ,268,000 1,078,000
.3 .370.972 2,642,925 2,828,559 1.742,262
.
..
1 11.000
124,000
8 ,000
17.000
56,000
follows:
729,000
4 1 ,000
549.000
385,000
664,475
442,741
17,343
.3,370,972 2,642,925 2,828,55 9
Total American
East Indian. Brazil, A-c.—
.
T9,251
371 .0 54
1 9.259
5
.
.........
2,820,262
.4 .831 .972 4.229.925 4,096,559
7.76d.
4.24d.
6.63d.
55c.
Upland, New York.
11 L d
Egypt. Good Brown, Liverpool
10.75d.
Peruvian Rough Good. Liverpool
Broach, Fine, Liverpool..
5 15-16d.
59 1Cd.
Tinnevelly, Good, Liverpool
1 1
Middling
.
6.08d.
11.80c.
11 H d.
8.75d.
5 11 -16d.
5 y2 d.
7.95c.
7 3-1 6d.
lO.OOd.
4 lid.
4 3-16d.
1 3.90c.
lO.AOd.
6 13 16d.
6 9 16d.
bales
of
735,413 bales
over
1904.
over
week
bales over 1906,an ex¬
1905 and a gain of 2.011,710
95,113 bales, a gain of 602,047
cess
SC
I
to — to—
to to to -4 to ©
'
— C — to
— SC ^t C
XX ~
—
to ©** to x x ® —* © x ** ® x ® x x x ~t
x .x m — ® © to x ®
OC'UCCtsCaSCoCWCCC-i't'MSAlOtoCSC-tSWS.
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r
tOjSC
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—
—
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to
— x — x — xxx.uxx.ux®
x x x to — x
x x — x —
ux
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u
I b
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xb
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—
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s- x a x o to cc x x oo cc x c to ©
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—
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a — to a c s*-4 4* a to cc to c
cc cc o ">4 c
c x — — to a cc a s.'t o t* s.'-4
!
I
a
!
x
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s,i to c w a —
—a x
4- to a a
x—
| a-tx to x x a f a to to x t< 4-4. s,'a 4-a to a x to a x f to
a x to
I a to xx a x tox © u x x © x -4 to © to © to a a to suo a x x x x -i a a
oo
to
4X
a
to a
x a x c> to a a “i a
u
:
I
x
x
—
F'-y'M
,-j
b
,
a
to
x
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—
—
F1rrJ.,urJ.’u
—
to
x
r'r'rrrbp*
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a "a aVa "*4 cc ’a Vi ~4 x a
i
to
x — a to a a
a a x *4 a x a x x x x -j
I aaatoato^tax — X4- — 4.4-aac.axxxxtoxx4.xaa — xc'
b
V*. ‘m x it. - -4X
xo>ux — 3! *4 »’x
«j
a x x ^t x x 4- ^t x -4 x a
—
The above totals show that tin*
creased during tin* week 26,489
3,502 bales more
interior stocks have dc-
bales, and are to-night
than at the same time last year. The
receipts at all the towns have been 1,371
the
same
week last year,
bales more than
j
OVERLAND MOVEMENT FOR THE WEE K AN1)
SINCE SEPT. 1 .—-Wo give below a statement showing
the* overland movement for the week and since Sept. 1,
■
made up from telegraphic reports Frid;ay nigl U.
results for the week am 1 since Sept .1 in t he la>t two
art* as follows:
The
as
1906-07
Si net
Man 3 —
Slii Pinal—
Via St. Louis
Via Cairo
Via Rook Island
Week.
8,594
2,047
1,011
1,152
.
...
-
-
Via Louisville
Via CincinnatiVia other routes, Ac
Inland, Ac., from South
Total to be deducted
Leaving total net overland. a
,083
1 .976
318
i .407
733
41 .428
3,248
3,698
16,496
1,551.014
18,115
1 ,002
2,616
1,581
152,529
91,014
52,895
2.062
130,144
18,478
39,450
6,099
298,438
3 322
188,072
10,397
1,252,576
14,793
878,186
444
-.
462,224
190.823
9
206,367
75,578
76,335
50,189
415,910
...
Total gross overland ...
Deduct shipments—
Overland to N. Y., Boston, Ac-..
Between Interior towns
S inci¬
se jit. 1.
U7rA\
Sept. 1.
726,635
veais
! 5)05—06
-
87,597
51 ,084
233,102
1
1 ,138
122
.066,258
'
Canada.
Including movement by rail to
a
The foregoing shows the week’s net overl;and movement
has been 10,397 bales, against 14,793 bales for the week
last year, and that for the season to date
net overland exhibits an increase over a year ago of 574,390
bales.
the aggregate
1905-06
1006-07
and Spinners’
Takings.
Receipts at ports to May 3
Net overland to May 3
....
Southern consumption to May 3..
Week.
74,710
10,397
48,000
.
.
.
Total marketed
Interior stocks in excess
Came into sight during
Total In sight May 3
S incc
Week.
Sept 1
83 ,458 7,125,,706
14 .793
878,,186
46 .000 1 .617,,000
Since
In Sifjht
.
133,107
«26,480
9
1
1
12
Sept. 1.
.264,865
,252,576
,658,000
.
144 .251
27 .731
,175,441
274,788
a
—
North,
a
spinners’ takings to May 3
.
58,656
.
9,620,,892
232 .385
116 .520
.106.618
week
12
.450,229
o
,412,350
-
-
8 11 -16d.
Continental imports past week have been 182,000 bales.
The above figures for 1907 show a decrease from last
of
to
so
>-*
to
—
to
«tsM
©
oo
►- so os oe to x *4
x to -4 x ►-* x x >-* ®
Tu to o. cc bo -J ►*» so
to ® "to ®*4 to to so xxVib®!— x 0.0" o*.
| ox x xmxx tomx•— ® ©ro-vttox© xx x-4x — ® x -j
I ctos^f lUOatooi'iojiiOMeooaecB-MO'wqff
5,000
.4, 831,972 4,229,925 4,096,559 2,820 .262
America
tv3XX»JXX.X.£.©X®^-‘X©XX
9,000
56.000
874,000
1 1 ,000
348,000
171 ,000
66,000
812,000 1 ,063,000
547,048
579,251
367,562
371.054
22,916
19,2)9
1
15)04.
1905.
81 1 ,000
1 2,000
51 ,000
.494,000
400,3 19
38,000
1 26,000
34 .000
to
® to b ►-*
X®^1“4XX-*®XCX'—®®X^i
to
©
quently all foreign figures are brought down In Thursday
evening.
But to make the total the complete* figures for
to-night (Friday), we add the item of exports from the
United States, including in it the exports of Friday only.
lf)0’7.
o.
so
—
this week ’s return s, and
arc
,
as
toco
,,
In
as
i
—
-U X X CD Ji. 35 to JO
—
cc
x
THE VISIBLE su PPLY OF cor roN to-n ight. as made
Fort'ign ?docks,
teh grup i, is as follows.
e: ible and
up
!
—*
b I
1
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—
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10.31 10.32 10.15
—
,
J
1001
THE CHRONICLE
1907.J
44. 178
9,853,,277
2.085, 030
Decrease durIng week.
Movement into
Week—
1905—May
1904—May 6..
1903 —May 8
1902—-May 9
.
sight in previous years:
Bales. |
176,904 1
57,3901
96,132
68,240
Since Sept. 1 —
1904-05—May 5
1903-04—May 6.
1902-03—May 8.
1901-02—May 9..
Bales.
.483,322
9,433,441
1 1
.
..
...
.
.
9,992,1 26
9,683,708
1062
THE CHRONICLE,
QUOTATIONS FOR MIDDLING COTTON AT OTHER
are the closing quotations of
middling
cotton at Southern and other principal
cotton markets^for
each day of the week:
MARKETS.—Below
Closing Quotations for
Week ending
Sat’ day.
May 3.
Galveston
New Orleans
.
11
11
10
io
io
io
11
_
.
Mobile
Savannah
Charleston
Wilmington
Norfolk
Boston
Baltimore
.
.
_
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
.
11 %
'A
11 3-16
n
«
io*s
n
ion
m @ % 10% @%
%
10yx
11 %
%
11 H
%
io n
ii n
11
11.55
11.70
11%
10 n
ion
n%
11
6
11
n
11%
io n
11 H
ion
11
1 o
1 1 .30
u
io n
a n
10 9-16
ii n
n n
11%
10%
11 Vh
11.55
w
1.527-690
Tuesday. Wed'day. Thursd'y.
11 .30
11 Vh
10 9
_
Monday.
Af iddling Cotton on
11.30
ny.
h
11%
n
n
ii
12
1 1 .45
11.55
11 H
11.80
11.80
11
11
12
11
nn
ll H
11 q
11 H
11%
11 %
10 9-16
n
%
io
ii
ii
n
12
n
Li
H
11.55
11 H
11.80
H
ii n
ii %
n q
ii n
10 13-16
10 11-16
Friday.
u
11
ii
11
n
M
n q
nn
10 13-16
NEW ORLEANS OPTION MARKET.—The
highest,
lowest and closing quotations for leading options in the New
Orleans cotton market for the past week have been as follows:
Sat'day,
.Monday,
6
Tuesday, Wed’ddy, Thursd'y,. Friday,
May 1.
May 2. j May 3.
iA pril 27. April 29. April 30.
A
pril—
Range
.
,
_
Closing..
_
(a)
10.69
._
(a)
—
10.84-.86
—
(ii)
May—
«-
(a!
—j
.
July—
Range
Closing
October—
!
(a)
:
10.6$)-.82 10.70.80! 10.95-.il 11.17-.50 11.1110.71
10.84-.86 11.10 .12
11.15]
.' 10.80-.92 10.78-.00 1 1.05-.27
11.40.;10.81-.82 10.92-.1)3; ll.25-.26t ll.51r.52 11.45-
Closing
!
I
(a)
_
.34 11.15.23
.16 11.12.14
i
.66 11.37-.61
.46 11.38.39
10.36-.5o! 10.53.69j 10.57-.76110.56- .70'10.57.69
Range
10.40-.50
10.40.41 10.44-.45
Closing
I
10.40-.49j
.! 10.40.41 j
I
December—
Range
.
Closing
January—
Range
Closing
.jl0.46-.48j
Spot
Options
Steady,
.Steady.
j
60 10.60- .61
10.36.50 10.52-.70l 10.56-.75 10.5510.44.45
10.59-
.il0.51-..r)4! 10.45-.51
Tone—
10.67.68
l0.66-.67j
10.57-.. 58
10.56.69
10.56 .57
10.61-.71 10.61-.77 10.60- .71 10.67-. 74
10.49-. 50 10.71-.72 10.62.64 10.61-.63 10.59-.60
I
Firm.
Firm.
Steady.
Steady.
Firm.
1
Steady.
' Steady.
Steady.
Ba’ly s’y Ba’ly s’y
m
WEATHER REPORTS BY TELEGRAPH.—Advices to
us by telegraph from the South this
evening indicate that rain
has fallen in most localities
during the week and has been
rather excessive at some points in the Southwest.
While
planting operations have progressed fairly well as a rule,
there are complaints from various sections of too much moist¬
ure and low
temperature. It is also claimed by some that
much replanting is necessary and
good seed scarce.
Galveston, Texas.—Heavy rains and cold weather in Texas
have interfered with procuring
of stands and have delayed
cultivation
of
the* crop.
In many instances
Rain
has fallen during the week,
necessary.
of one inch and sixty-eight, hundredths of an
days. The thermometer has ranged from 46 to
67.
replanting is
to the extent
inch, on four
78, averaging
Abilene,
rTexas.—We have had no rain the
past week.
Average thermometer 62, highest 90, lowest 84.
Brcnham, Texas.—We have had rain on three days
of the
week, the precipitation reaching one inch and two hun¬
The thermometer has
dredths.
averaged (14, the highest
being S3 and the lowest 44.
('orpus Christ!, Texas.—'there has been light rain on two
days during the week, to the extent of seven hundredths of
an inch.
The thermometer has
averaged (54, ranging from
-
48 to 80.
Cuera, 'Texas.—There has been rain on three days the past
week, the rainfall being one inch and
thirty-six hundredths.
The thermometer has ranged from 44 to 87.
averaging 00.
Tort Worth, Texas.—Wo have had rain on three
days of the
"week, the rainfall being fifty-six hundredths of an inch.
Average thermometer 01 highest 84, lowest 38.
Dallas, Texas.—The week’s rainfall has been one inch and
forty-four hundredths of an inch, on three days. The ther¬
mometer has averaged 02. highest being 83
and lowest 40.
Henrietta, Texas.—We have had rain on two days of the
week, the rainfall being three hundredths of an inch.
The
days the
past week, the rainfall reaching forty-four hundredths*of an
Average thermometer 01, highest 82. lowest 40.
Lampasas, Texas.—rl here .has been rain ,on two days during
the week, to the extent of thirty-two
hundredths of an inch.
The thermometer has
averaged 03, the highest being 80 and
the
inch.
lowest 40.
Longview, Texas.—The week’s rainfall has boon two inches
sixty hundredths,on five days. The thermometer has
and
averaged 03, ranging from 43 to 8f>.
Luting, Texas.—It has rained on three days during the
week, tlie rainfall being thirty hundredths of an inch. The
thermometer has ranged from 43 to
84.-averaging 04.
Nacogdoches, Texas.—There has been excessive rain on
three days during the week, to the extent of
three inches and
ninety-four hundredths. Lowest temperature 40. highest 80,
average 03.
LXXXIV
Palestine, Texas.—There has been rain on three days during
the week, to the extent of one inch and
twenty-eight hun¬
dredths.
The thermometer has averaged 63, the
being 82 and the lowest 44.
Paris, Texas.—There has been rain
highest
on five days
during the
week, to the extent of two inches. The thermometer has
averaged 50, ranging from 38 to 81.
San Antonio, Texas.—There has been rain on three
days of
the past week, the rainfall being ten hundredths of an
inch.
The thermometer has ranged from 46 to 84,
averaging 68.
Weatherford, Texas.—It has rained on two days of the week,
the rainfall being sixty-seven hundredths of an inch.
Aver¬
age thermometer 62, highest 87 and lowest 37.
New Orleans, Louisiana.—There has been rain on two
days
during the week, to the extent of one inch. The thermometer
has averaged 73.
Shreveport, Louisiana.—We have had rain on four days of
the week, the precipitation
reaching one inch and ninety
hundredths. The thermometer has averaged 65,
ranging
from 46 to 84.
Leland, Mississippi.—1There has been rain during the week,
being one inch and eighty-nine hundredths. The
thermometer has ranged from 47 to 78, averaging 62.9.
Vicksburg, Mississippi.—We have had rain on four,days
of the week, the rainfall being four inches and
fifty-nine hun¬
dredths.
Average thermometer 67, highest 85, lowest 54.
Helena, Arkansas.—Farming interests are not doing well,
too much cold and wet weather.
It has rained on four days
during the week, on one of which heavily, the rainfall being
two inches and eighty-three hundredths.
The thermometer
has ranged from 47 to 83,
averaging 59.8.
the rainfall
Little Hock, Arkansas.—The weather has not been favorfavorable for crops the past week—temperature too low and
an excess of moisture.
To-day more normal. It has rained
on three
days of the week, the rainfall being ninety-two hun¬
dredths of an inch.
Average thermometer 65,
highest 83
and lowest 47.
Memphis, Tennessee.—Weather generally too wet and cold
for farm work, but the week closes more seasonable.
There
has been rain on four days during the week, to the extent of
one inch and
ninety-two hundredths. The thermometer has
averaged 60, the highest being 84.9 and the lowest 45.6.
Nashville, Tennessee.—It has rained during the week, the
rainfall being one inch and forty-five hundredths.
The, ther¬
mometer has averaged 03, ranging
from 45 to 80.
Mobile, Alabama.—Excessive rains in the interior early
and middle of week.
Cotton planting is making fair progress,
but reports indicate a large amount of
replanting and a scar¬
city of good seed. There has been rain on three days the past
week, the rainfall being one inch and twenty-four hundredths.
The thermometer has ranged from 61 to
79, averaging 70.
Montgomery, Alabama.—The crop outlook is bad, much
replanting being necessary for the third time and good seed
is almost unobtainable.
It has rained on four days of the
week, the rainfall being one inch and seven hundredths.
Average thermometer 67, highest 84 and lowest 59.
Madison, Florida.—Dry all the week. The thermometer
has averaged 75, ranging from 64 to 88.
Augusta, Georgia.—Prospects are poor for an early crop.
We have had rain on one day
during the week, to the extent
of ten hundredths of an inch.
from 58 to 85, averaging 72.
The thermometer has ranged
-Savannah, Georgia.—We have had rain on three days of
the past week, the rainfall
reaching seventy-nine hundredths
of an inch.
Average thermometer 69.
highest 84. lowest 56.
South Carolina.—We have had rain on four days
of the week, the precipitation
reaching twelve hundredths of
Charleston
,
an
inch.
The thermometer has
averaged 68, the highest
being 78 and the lowest 59.
Stateburg, South Carolina.—There has been light rain on
two days during the week, to
the extent of twenty hundredths
of an inch.
The thermometer has averaged 70,
ranging from
54
to 86.
,
thermometer has averaged 00, ranging from 30 to 90.
Huntsnlle, 'Texas.—We have had excessive rain on two
(lays during the week. The rainfall reached two inches and
fifty-six hundredths, I he thermometer has ranged from 30
to 84, averaging 57.
Kerrville, Texas.—We have had showers 011 three4
[VOL.
Greenwood, South Carolina.—The week’s rainfall has been
thirty-five hundredths' of an inch on one day. The ther¬
mometer has averaged 68, the
highest being 78 and the lowest
59.
Charlotte, North Carolina.—There has been rain on one day
week, the rainfall reaching thirty-four hundredths
The thermometer has
averaged 65, ranging from
of the past
of an inch.
50 to 81.
NEW
YORK
COTTON
EXCHANGE.—Classification
Suit.—Papers were served yesterday in an injunction suit
brought by Mr. Theodore H. Price against the New York
Cotton Exchange and the members of the
Classification
Committee of the Exchange.
The complaint contained
numerous allegations
tending to show that cotton has been
improperly classed by the Classification Committee. A ternporary injunction was granted by Justice Bischoff of the
Supreme Court, which enjoined the New York Cotton Ex¬
change, its officers, agents and employees, and the Classifica¬
tion Committee, from
classifying or certifying certain de¬
scriptions of cotton.
The effect of this injunction would have been to force
those desiring to secure cotton to obtain it from the
holders of
the cotton already classified; but at
midnight the counsel of
the Cotton Exchange secured from Justice Bischoff a
modifi¬
cation of his order so that the
injunction does not go into
effect unless after a
hearinga permanent
is
granted.
injunction
-
Mat 4
1063
THE CHRONICLE
1907.]
WORLD’S SUPPLY AND TAKINGS OF COTTON.—
The following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1, for the last two seasons,from all sources from
which statistics are obtainable; also the takings,or amount
gone
out of sight, for the like period.
1907.
8.4 lbs. Shirtings, common
to finest.
32s Cop.
Twist.
Mch d.
22
9H
© 10
29 9 13-16®
1906.
d. 3.
15-16 6
104 6
d.
8
8
©9
©9
d.
9
9
10 H 0
11
6
114 6
114 6
8
8
©9
©9
9
9
11«'6
10
s.
CoVti
Mid
84 lbs. Shirt-
Cot'n
ings, common
to finest.
Upl’s
32s Cop.
Twist.
Upl’s
d.
d.
d.
d.
5
s.
94 6
©
5.97 8 13-16 @
6.01,84
94
s.
©9
6
54 @9
6
6
Mid
d.
44
6
d.
6.00
7
6.10
6.16
6.03
Apr.
Cotton Takings.
%eek and Season.
-
_
84,000
11,000
Bombay receipts to May 2
Other India shlp’ts to May 2
Alexandria receipts to May 1
Other supply to May l.a
Total
1.000
1,000
2,545,470
9,853,277
2,240,000
225,000
778,000
383,000
116,520
58,000
7,000
1.000
8,000
5,130,703 17,995,385 4,540,406 16,024,747
supply
May 3
.
310.481 11,794,822
234.481 8,848,822
76,000 2,940,000
298,731 13,163,413
213,7311 9,971,413
85,000! 3,192,000
1
Embraces receipts in Europe
4,229,925
4,831,972 4,229,925
4,831,972
_
Total takings to May 3
Of which American
Of which other
from Brazil, Smyrna, West Indies, &c.
COTTON CONSUMPTION AND OVERLAND
MENT TO MAY 1.—Below
crop
10
104
9
9 10
9 ©
10 H
3
@
©
9 11
MOVE¬
present a synopsis of the
we
movement for the month of April and the eight months
1906-07.
Gross overland for April
Gross overland for 8 months
Net overland for April.
Net overland for 8 months
Port receipts in April-Port receipts In 8 months
bales
128,708
i
1
,547,477
'
100,156
1,053,381
173,551
1,283.807
137,630
j
652,534
1,910,860
1,455,000
104,960
89,854
22,370
3,173
9,435
18,567
920,477
556,235
11
,340,510
9,776,282
1.543,578 2,216,331
11,319,860 13.556,841
487.00
acre¬
report will probably be ready about the 1st of June.
Parties desiring tlie circular in quantities with their business
card printed thereon, should send in their orders as soon as
possible, to
early delivery.
ensure
1906-07.
May 2.
GALVESTON—To Liverpool—April
27—Colonlan. 15,302
74
on
a
6.07
6.08
previous page, the
!
Week.
Since
1
Week.
| Sept.
1.
79,000 2,052,000
58,000 2,240,000
84,000 2,377,000
Bombay.
Since
! Sept. 1.
)
|
j Sept. 1.
Exports from—
Great
Britain.
Conti-
|
1
vent.
Total,
Great
Britain.
i
September 1.
Conti-
|
nent.
Bombay—
Total.
1
i
1905-06
1904-05.„
Calcutta —
1906-07
1905-06
1904-05
Madras—
1906-07
1905-06
1904-05
All others—
1906-07
190506..
13,000j
'
..
1 ,000
46.000
33,000
13,000
!
To
Sachem, 1,290
—
PHILADELPHIA—To
change, 657
1,000
3,000
_
1
_
1
7,000
4 ,000
1904-05
Total all —
1906-07
1905-06
1904-05
7.0001
57.0001
40.000
40,000;
19,000
20,0001
R ECEIPTS
ALENA N DRIA
8,000
10,000
7,000
109,000
94,000
104,000
117,000
104,000
111,000
j
1
57,000
1,000
-
4,000
5,000
5,000
—
12,000
23,000
37,000
14,000
2,000
2,000
...98,488
April 12.
Sales of the week..
.bales
69,000
Of which speculators took.
7,000
Of which exporters took..
1.000
61,000
Sales, American
Actual export
20,000
Forwarded
94,000
Total stock—estimated
1,229,000
Of which American—l.'st. .1,111.000
Total import of the week
85,000
Of which American...
92,000
262,000
Amount afloat
Of which American
216,000
April 19.
.April 26.
78,000
3,000
65,000
2,000
3,000
2,000
59,000
_
71 ,000
SHIPM ENTS.
1
Alexandria, Egypt,
May 1.
Receipts fcantars a)—
10,000
6,835,397
Sept. 1
—
To Liverpool
To Manchester
To Continent
To America
Total exports
Market
12:15
P. M.
Saturday.
Monday
Hardening
business
43,000
7,000
,000
1,211,000
1,087,000
47,000
80,000
1,232,000
1,115,000
1,256.000
1,132,000
86,000
75,000
115,000
97,000
30,000
250,000
205,000
218,000
224,000
175,000
185,000
85
for spots and futures
daily closing prices of
Tuesday.
Wed’day.
Thursday.
Quiet.
Moderate
demand.
Moderate
Friday
Fair
]
}
doing.
J
demand.
Moderate
demand.
6.46
0.45
6.44
6.56
6.59
6.63
8,000
8.000
.500
6,000
500
7,000
500
10,060
500
7,000
500
Mid. Upl’ds
Spec.&cxp.
500
un-
Steady at
4 points
Quiet, at
4 points
changed.
advance.
advance.
Quiet
Futures.
Quiet at
Market
1 3 ©34 Pts.
advance.
opened
j
Market
4
P. M.
1 ,000
1 ,000
Quiet at
Very st’dy
Steady at
at 6 ©13
6©74 pts. 2 (<el Y pts.
decline.
advance.
pts. adv.
J
)
>
Finn at
(} Vo r(h!) H
pts. adv.
Irregular
3 ©34
pts. dee
at
Quiet
unch.
to
1
pt. dec.
Quiet at
B’rly st’dy
2 4 ©4 *4
pts. dec.
at2 pts.dec.
(aAH pt.ad.
1904-05.
1905-06.
1
1
J ills week
Exports (hales)
'
1906-07.
Spot.
1 1.000
May 3.
52,000
5,000
78,000
..
.
Sales
j
58,000 1,054,000 1 .112,000
832.000
896,000
64,000
413,000
27,000
386,000,
A ND
657
200
45
3,037
.
20,000
35,000!
1,000
Ex¬
Rotterdam—April 25—Canadla, 200
PORTLAND, M E.—To Liverpool — April 27—Canada. 45
SEATTLE—To Japan—April 30—Tango Maru, 3,037
spot cotton have been as follows,
!
'
125
193
104
To
103,000
81,000
20,000
i
18,000.
3,372
50
193
27—Manchester
Manchester—April
98.000
79,000
2 000!
150
250
To Halifax—April 25—A. W. Perry, 125
The tone of the Liv erpool market
each day of the past week and the
5,000
5,000
2,000
150
1,593
1,570
200
250
April 20April 30—Wini¬
BALTIMORE—To Liverpool—April 20—Templemore,
To Bremen—April 30—Willehad,
104
671,000
268,000
3,000
3
1,150
1,151
100
Boston, 50
624 ,000
3,000
5,130
April 29—Ivernla, 700
fred la n. 257
To Yarmouth—April 26
860,000
3.000
1 ,<X00!
2,022
Dunkirk—April 29-—Sierra Morena, 3
827,000;
3,000}
10,345
CHIT, 3,804.._ 3,804
2,136
13,000
2,650
To Reval—April 25—Maude. 1,150
To Hamburg—April 29—Sierra Morena, 1,151
To Nykoplng—April 25—Maude. 100
To Gothenburg—April 29—Sierra Morena, 150
To Barcelona—April 29—Teresa, 1,593
To Trieste—April 29—Teresa, 1,570
To Venice—April 29—Teresa, 200
NORFOLK—To Rotterdam—May 1—Russ. 150.
NEWPORT NEWS—To Hamburg—April 25 —Badenla,
BOSTON—To Liverpool—April 25—Cymric, 1,119
42,000
47,000
16,000
252,000
April
PENSACOLA—To Bremen—April 30—E. O. Saltmarsh, 3,460
3,460
SAVANNAH—To Havre—April 29—Sierra Morena, 3,555
3,555
To Bremen—April 25—Maude, 3,030
\prll 29—Greenbank,
2,178
5,214
..
46,000
33,000
J 906-07
50
1,183
342
105
780
74
785
1,435
50
1,112
24,312
To Belfast—May 2—Ramore Head, 2,130
To Havre—May 2—Cestrlan, 13,000
To Barcelona—May 2—Juan Forgas, 2..650
To Genoa—April 29—Val Sallee. 2.022
MOBILE—To Bremen—April 30—Nembe, 5,136
.
Since
For the Week.
1,802
317
1,115
50
20—Castano. 9,010
To Havre—April 20—Mlramichi. 10,345
NEW ORLEANS—To Liverpool—April 30—William
!
BYeA:.
This
week.
Since
15,000
5,837,911
1
•
i
Sept. 1.
2,750 185,442
3,500 180,362
4,000 297,997*
900 100,722
11
,150(764,523
This
week.
.
i
55,000
5,978,636
This
week.
Since
Sept. 1.
1,000 186,816
152,910
8,000 277,322
100
65,584.
9,100 682,632
I
i
prices of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
The
below.
Since
Sept. 1.
3,250 190,898
130,672
5,500 259,308
800i 62,003
9,550 i 642,881
is 98 lbs.
MANCHESTER MARKET.—Our report received by
cable to-night from Manchester states that the market
is firm for yarns and quiet for shirtings. The demand for both
home trade 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.
64 ©9
6.04
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
1904-05.
1905-06.
Since
Receipts at—
can tar
104 6
NEW YORK—To Liverpool—April 29—Bovlc, 1,802
To Hull—April 30—Colorado, 317
To Manchester—April 30—Calderon, 1,115
To London—April 27—Mesaba, 50
To Marseilles—May 1 — Italia, 50
To Bremen—April 29—Gera. 71
May 1—Main,
To Hamburg—April 27—Pretoria, 342
To Antwerp—April 27—Zeeland, 105
To Genoa—April 27—Virginia, 780
To Naples—April 20—Neekar, 74
To Venice—April 25—Gerty, 785
To Japan—April 29—Wray Castle. 1,435
To China—April 25—Tudor Prince. 50
Total
FROM ALL PORTS.
INDIA COTTON MOVEMENT
A
74
74
74
exports of cotton from the United States the past week have
reached 98,488 bales.
The shipments in detail,as made up
from mail and telegraphic returns, are as follows:
r
OUR COTTON ACREAGE REPORT.—Our cotton
a
®
SHIPPING NEWS.—As shown
514.73
492.50
510.40
515.52
492.98
!
1,056,705
703,525
8,408,805
632,153
6,984,882
572.846
|
j
Average gross weight of bales
Average net weight of bales
1904-05.
2,059.432
1,586,000
consumption to May l
Overland to Canada for 8 months (In-;
eluded In net overland)
110,451
;
500
Burnt North and South In 8 months
I
Stock at Northern Interior markets May 1‘
10,614
Came In sight during April
593,157
Amount of crop In sight May 1
; 12,410,687
Came In sight balance of season
soutnern
1905-06.
85,725
866,610
403,510
7,071.672
515,071
5,621,549
79,786
1,250,791
397,371
j
9,233,896
!
678,457
:
1 7,745,088
592,873
\
j 2,393,871
1,634,000
i
|
Exports In April
Exports In 8 months
Port stocks on April 30
Northern spinners’ takings to May 1
Since
1
6.63.84
104 6
104 6
104 6
@9
64 ©9
64 @9
04 @9
10
'
ended April 30 for three years.
age
84 ©9
6.03 8 15-16®
6.16 9
©
6.28 9
©
6.39 84
©
Total bales.
Deduct—
Visible supply
a
1,784,156
12,450,229
2,377,000
243,000
911,000
230,000
106" 618
©
®
©
9H
May
4,349,880
4,927,085
Visible supply April 26
Visible supply Sept. 1
American In sight to May 3
Season.
Week.
Season.
WeeA:
9 13-16®
5
12
19
26
1905-06.
1906-07.
to
124
12 >4
May 3.
p.m.
p.m.
d.
April
Apr -May
May-June
June-July
J uly-Aug. j
Aug.-Sep.
Sep.-Oct
Oct.-Nov.)
Nov.-DecDec.-Jan |
Jan.-Feb
Feb.-MchAle h.-Apr-
1
...
12 H
12H! 4
4
12 q, 4
p.m. p.m. p.m.'p.m. p.m. p.m.
d.
6 01 4
5 93 4
5 95 J<5
5 87 J4
83
77
73
09
07
oi
os
j84
lU«()
4 174
4
4!69
j 624
67 4
Wed.
Tues.
Mon.
Sat.
April 20
61
\<i; 60
d.
\d.
99 PC 98
90 y, 95
90 4; 95
84
89
80 4j86
74 4 79
69
173
62H 67
01
05
(1.
Vi
j
|
4'
|
60H;64H:
Hjeopj 00
pool y. 01
63
1'03
i64 4:
!654i
07
d.
d.
Fn.
Thurs.
12 Mi
4
p.m.jp.m.
d.
d.
12 41
4
p.m. p.m.
d.
id.
!
100 4.13
14
0644 2
114
4 109
12 4I13H
02
03
'03
05
4
4 06
99 4 98 H 99 4
jO2 M 99
88
86
92 4 88
864
81
804 78 4|784
W 85
177
73 4! 73 4 i 71 Hi 73
71 4 71 4 0»4|71
175
70 4 70 4 08 4 i70
174
170
07 4159
4 73 4 70
71
08
70
714 74 4 71
72 4 72
73
76
'69 4 714
00
00
98
88
80
74
72
71
70
09
08
I (Mi I
THE CHRONICLE
Friday Night, May 3, 1907.
Prices for wheat flour have been firm and in
some
instances
In the
largely
nominal, trading having continued on a very restricted scale
and being mostly of a jobbing character.
Buyers and sell¬
ers are further apart than ever.
Export trade has remained
dull. Stocks have* fallen to a low stage, the* total figures
being 41.200 packages against 70,900 a month ago and
103,400 at this time* last year.
Corn meal has be*en (|uie*t
but firmer.
Rye flour has be*en dull and ste*aely.
Wheat speculation has broadene*el out into something like
its old-time* activity, atteneled at times with no little* excite¬
ment and quite* a pronounced advance*.
The rise has be*en
predicted for the* most part em bad creep and weather re*ports,
Bugs, cold we*atlier and
particularly from the* Southwest.
drought have* bee*n the* chief complaints there*. Insects have
continued their ravages, the temperatures have been un¬
seasonably low with frequent frosts, and although some rain
has falle*n over a quite* a large* area of Kansas, Missouri anel
Nebraska, as well as Texas, the* precipitation is said to have*
be*(*n insufficient in such important State's as Kansas anel
Nebraska.
Moreover, the we*athe*r has been ve*ry colei anel
backward at the* Northwest, both in the* American States
anel Canada, anel seeding has thereby been e*emsielerably
eh*layed.
Che* export elemanel has gre*atly incre-aseel, anel.
with rapielly rising English anel Continental markets has be*e*n
no
unimpeu'tant source of strength during tlie* week. The
outsiele* public seem te> be* taking liiore* interest in the* specu¬
lation both here anel at Chicago, anel large* operators have* te>
all appe*arance* assumeel the* agre*ssive em the* bull side*.
There has been se>me talk. too, e>f <*e>lel. unseasonable we*athe*r
in Russia delaying seeding.
Official British re*pe>rts confirm
re*ce*nt aelvie-e*s e»f elamage*in the Punjab. The* we*atlu*r has been
too cold for favorable growth in England. France* and Italy,
and though the outlook in those* e*e>untrie*s is neverthe*le*ss in
the* main fave>rable*, suj)plie*s are* smaller. In (Icrmany, the*
weather has been so cold and unseasonable astocheek growth
anel supplie's are small and price's strong.
Heavy flooels are*
reporte*el in Hungary and 2f>% of the winte*r whe*at in RouEve*n in Euro¬
and Asiatic Turkey the* outleh»k, ae*e*<tiding to Liverpoetl reports, is unfavorable. In a weird, it so happens that
e>ve*r
a
e*onsiele*rabl<* portion e>f the* gjobe* the* wlu*at e*re»p
prospects se*e*m te> be*, fen* the* time be*ing at le*asf. seuuewhat
elubienis. anel the* fact is ne>t unnaturally re*fle*e*t(*d in rising
price's in the* world’s marke'ts. To-day price's advaneed
e*arly <>n ce>1 e 1 we*atln*r and ae-tive buying, but late*r declined
em
heavy liquidation, more* favorable emp reports and ]>e*rpean
elictiems e»f
warmer
weathe*r.
D.MI.V CL< )S1 NG PRICKS OF WHBAT FUTURES IX NEW YORK.
No. 2 red uinter.
.
Sal.
.88 's
.9(1 7„
.
May delivery In elevator.
July delivery in elevator
September delivery In elevator...
.
_
DAILY CLOSING
.91
.92
Tues.
88
88 "V
907,
90 q
89'.,
Wed./Thu
rs.
90 •>,
92 1 „
92 •',
90
91
91
92
92
Frl.
90*’k
92
92 ! „
92 *-g
PRICKS OF w h i: AT FUTURE! S IX CHICAGO.
Sat.
May delivery in elevator
July delivery in elevator
September delivery In elevator.
.
Indian
Mon.
87 Ts
89 7,
90
80
..
S3 >,
84 7„
Mon. /Tins.
79 1 .
78 'A
82 A
8 1>„
88 \
-88 A
Wed. Tfairs.
80
81 «s
83 d
84 q
,
85 *,
86
Fri
81
84 1 „
85 7 s
future's aelvane*e*d
e*arly in the* wee*k owing to
sympathy with the* rise* in wheat. commission house buying
<*<>rn
and
covering of shorts.
Tin* weather was too e*ohl for
planting, and the receipts continued light, and no increase
in tlie* move*me*nt is e*xpe*e*te*el for semie* we** ks.
Supplies <>f
e*ontrae*t grade* at Chicago are still
relatively small, anel this
fact e*emtinue*s to ae*t at a deterrent on short sales.
The
cash market has been firm with a moderate demand,
partly
feel* export.
On the* rise. however, heavy liquidations
occurred in future's and priees re*aete*el.
Reports indicate*
that a good eh*al of plowing feu* the* new crop has been elone*.
To-day prie*e*s aelvance*el early on e*edel weathe*r anel covering. but reacted later on liquidation and a setback in wheat.
daily closing pricesok xo. i> mixkdcorn ix
Sat.
Cash
59
corn.
May delivery in elevator
July delivery in elevator.
DAILY
CLOSING
.0(0
5S'j
PRICES
May delivery in elevator
July delivery In elevator
September delivery In elevator
_
.
Oats
feu*
future*
,
.
.
OF
Mon.
59
00
58
CORN
Sal.
50
49 q
4s»7s
Tnes.
00 '..
0(1
57 :s
Sew york.
Wed. T fairs.
00 '..
Oo '.,
00
00
58
58 q
Mon.
50 ',
49 A
50
'lues.
4!' (->.
49=*,
4!)
IN
50 '
50 q
50 ' ■!
.
4 9
49
50
>4
q
ele*live*ry in the* Western market have*
aelvaneeel sharply.
New high re*e*eu*ds have* bee*n e*stablisheel.
The* speculation has be*e*n ae*tive* and excited.
Leading
bulls have* ae*te*el aggressive*ly against the sliort interest and
there has be*e*n he*avy e*ove*ring.
1 lie unfavorable* we*athe*r
anel cre>p reports have* hael not a little* e*ITe*ct.
'Elie* cash
market has bee*n strong with a good shipping elemanel at
tin* W est. I)e*live*rics on May cemtracts at Chicago on Mav 1
were*
promptly stopped, anel freight roeun has been
e*ngage*el by the bull party for the* purpose*-of shipping oats
received em ele*live*rie*s. The* re*ce*ipts have* be-cn
light. Toelay price's were irregular, May was weak on liepiidation,
while* ne*w-e*rop months were* firme*r em unfavorable
crop
reports.
50-52
50-52
IN
NEW
Tues.
47 q
YORK.
Wed. Thurs.
47 q
47 q
47
50-52
50-52
Mon.
,
.
50-52
50-52
Wed. Thurs.
46 K
46 q
48
42 J4
86 q
86 q
Tues.
45 q
42
35 3A
44 %
aw*
35 q
Frl
47 4
CHICAGO.
Fri.
4.)
43
36
q
FLOUR.
$2 85 <&$3 20 | Kansas straights
2 90 @ 2 95 Kansas clears
Low grades
Second clears
Clears
3 50 i Blended patents.
3 75 | Rye flour..
3 25 @
Straights
Patent, spring
3
3
3
3
..
Patent, winter
Kansas patents
65 @
95 @
75 @
80 @
..
$3 60 @$3
3 lo@ a
4 80 @ 5
o 65 @ 4
4 25 j Buckwheat Hour
4 60|Gralmm flour..
3 90iCornmeal
70
25
30
25
Nominal.
Nominal.
2 85 fo
2 95
GRAIN.
Wheat, per bush.—
N. Duluth, No.-1
N. Duluth, No. 2
Red winter. No. 2
|Corn, per-bush.—
c.
c.
,98H j
No. 2 mixed..
f.o.b.97 H
No. 2 yellow, new
f.o.b.905*!
No. 2 white, new
Hard
“
“
f.o.b.92 % | Rye. per bush.—*Oats—per bushel—
I
No. 2 Western
No. 2 white
48 q @49 q f
State and Jersey
No. 2 mixed..
47*4 Barley—Western
No. 2 white, clipped-.
50 @52
|
Feeding
f.o.b.OOq
f.o.b.57
f.o.b.59
Nominal.
-
GOVERNMENT
WEEKLY
WEATHER
__
Nominal.
Nominal.
Nominal.
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 weather in the various States
for the week ending April 29, summarizing them as follows:
Throughout the week ending April 29 1907 the weather was abnormally
cold and unfavorable in all districts bet weep the Rocky Mountains and the
Mississippi River and also In the upper Lake region.
Over mn>t of the area
east of the Mississippi the fore part of the week was also cold and unfavor¬
able, but the latter part was mild and favorable.
The Pacific Coast States
experienced a week of mild, dry weather, which was generally beneficial.
The line of freezing temperature was much farther north than In the pre¬
ceding week in the Rocky Mountain and Atlantic Coast districts, but only
slightly farther north in the central valleys.
Light to killing frosts occurred
in northern and western Texas and light frosts In the northern portions of
the central Gulf States.
Very heavy rains occurred on tl e central Gulf
Coast.
A large part of the upper Mississippi and lower Missouri valleys
needing moisture has received plentiful rainfall for present needs.
Severe
local storms occurred In portions of the Middle and South Atlantic and west
Gulf States. Snow fell in the Dakotas, Minnesota, Wisconsin and Michigan,
In depths ranging from 1 Inch to 12 Inches, and there was considerable
snow on the ground In the upper Michigan Peninsula at the close of the week.
The statement of the movement of breadstuff's to market as
indicated below are prepared by us from figures collected by
the New York Product* Exchange*.
The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. I for each of the last three years, have been:
Flour.
Receipts at—
Wheat.
Corn.
Harlot).
Oats.
Rt/e.
bblsA'MMbs. bush. 00 lbs. bush. 50 lbs. bush. 32 lbs. bush. 4 ^Ibs. bu. 50 lbs.
225.099
295,800
1,370.989
807.077
2.510,500
53.320
49.000
75.125
170.000
180.000
241,000
20,700
89.750
1,021.303
212.0 is
4,140
113.445
9.530
1,909,080
07.000
iOLO 1"
■12.150
Minneapolis.
475,270
Toledo
80,(100
38,000
105,000
Detroit
3.200
80.000
40,000
45,335
(,'leveland
1.224
314*
149.749
8.300
107,282
St. Louis.
51.805
2 8 9 ,o* 1
177,585
094,710
080,400
9.000
Peoria
7.200:
6
10.950
245.000
1.5 50
204,000.
10.000
Kansas City.
403,000
173,000
128.400
Chicago
Milwaukee..
Duluth
-
-
,
.
.
.
Tot.wk *07
Same wk. *00
8.81 .819
Same wk. ’05
270.217
114.058
4.731.342
2,108.951
2.352.821
2,931,594
2.51 1,805
1.448.18-1
4,743,232
929.035
710.05.8
7 10,0 [ 5
3.480.212
1.842,928
...
144.700
112,016
42.720
Since Aug 1.
1906-07
10.007.490 195.950,718 100.891 .S3 5: 100.471.350 59.s52.lU2 0,020,724
P.105-06
15,341.203 197.194.230 142.298,701 180,810.398 09.315.S06 0.991.034
1904-05
♦ W »• * ,11’s? 6.097,041
13.173.135 1 SI .918.735 119,'982.237 130,358,874
.
Total receipts
tin* w(***k ende d
Receipts at
New York
Boston
Portland
.
-
92.502
-
Baltimore
0.500
24,595
14.273
Newport News
New Orleans
Oalveston
Norfolk
Montreal'.
Mobile.
John.
St.
a.
.
of flour and grain at the seaboard ports for
April 'll 1907 follow:
Flour.
bbls.
117.057
10.340
17.032
—
Philadelphia
.
-
.
-
.-
-
4.100
Wheal.
bush,
191.000
78.03s
02.490
48.092
40.784
..
Corn,
Oars.
bush.
594.009
108.593
bush.
1.026.625
000.387
74.149
553.358
10.200
15 LOOt)
Rpe,
hush.
>2. s( l<)
789
27.070
hush.
89.700
1.741
70.573
30,572
34.315
203.700
.
I'e.-rlnj,
18.734
71.179
75,509
7.000
48.300
12.059
47,342
17.743
2.100
3.958
..
Total week
Week 1900.
129.120
7,813
—
383,182 '
2.798.500
838.770
1.158.543
i10.175
128.843
321,159
864,895
1.20S. 155
304.210
1.580.401
24.442
a Receipts do not include grain passing through New Orleans for foreign
ports
on through bills of lading.
^
Fri.
Fri.
49 q
49 7„
50
Mon.
The following are closing quotations:
:ts
.
..
Total receipts at ports
follows for four years:
Receipts of
-
from Jan. 1 to April 27
1907.
0,305.224
bids.
Wheat
bush.
Corn
Oats
Barley
Rye...
Total grain
compare
1906.
1905.
1904.
5,143.110
3.270.613
0.029.357
•
------
CHICAGO.
Wed. T fairs.
OATS
Sat.
.44
44 H
34
..41 %
..35 H
May delivery In elevator
July delivery In elevator
September delivery In elevator
Flour
FU TURKS
OF
S'at.
47 q
LXXXIV.
DAILY CLOSING PRICES OF NO. 2 MIXED OATS IN
00 '
00
58
PRICES
Mixed. 26 to 32 lbs
White dipped. 36 to 38 lbs
At the mills most grades have been advanced owing
the rise in wheat and the reports of crop damage.
local market advances, as heretofore*, have been
to
mania has, it is stated, been winte*r killed.
CLOSING
DAILY
BREADSTUFFS.
higher.
[VOL.
23.155,302
45,135,0S9
15,883.149
2,019,125
047,550
22.101.497
57.732,029
5.683.271
52.14W.to
29.250.190
12.4I0.24O
2.691.008
80,840.881
115,475,940
5.873,417
512,207
14.749.S20
175.809
20.041.019
1 1,291,509
1.591.810
478.893
73.02S.I81
57.153.051
The exports from the several seaboard ports for the week
ending April 27 1907 are shown in the annexed statement:
Ex ports from—
New York
Portland..
Boston
.
.
Philadelphia
Baltimore
Wheat,
Irtish.
330,800
62,490
100,303
04,233
90.000
Newport News
New Orleans
(ialveaton
Mobile
St. John. N. B...
115,150
100,000
129.126
Corn.
bush.
758.94S
74,149
-
250,209
51,428
452,097
34,315
177.120
55.063
Flour,
Oats.
Rue.
iiarlat,
Peas.
bbls.
51.973
17.032
10.334
39.258
5,092
24,595
4.09S
7.074
2.100
bush.
bush.
25,995
bush.
9.1M
*27.070
bush.
3,958
3.3,090
-
3.390
4.492
.
.
230
1,104
...
_
7.813
Total week
1.124.108 1.859,389 172.714
.42,297
Same time 1906..
768,097 1.337.089 222,320 1.031,106
25,995
30.251
81.521 209,174
7.888
19,273
exports for the week and since
The destination of these
July 1 1906 is as below:
Ciorn
Wheat
b\lour
......
Week
July l
Week
Apr.27.
1900.
Apr. 27.
.
.
Week
Apr. 27.
100
71,215
6,746
104,547
379,935
bbls.
84,729 5.105,038
50,703 2,160,407
659.770
7,687
22,749 1,264.307
-
.
July 1
1906.
bush.
bush.
39,923,475
443.543
651.40S 36,493.674
28.917
349,965
11,815
300
8,000
bids.
Since
Since
Since
Exports for week and
since July 1 U>—United Kingdom..
Continent
So. &. Cent. Arner.
West Indies
Brit. No. Am. Cols.
Other countries
•
July 1
1906.
bush
891,788 26,770.653
923,780 32,953,946
8.433
771,895
35,388
1.962,516
82,050
163.403
bush.
x
.172,714 9.425,284 1,124.168 77,166,804 1,859,3SO 02.704.463
768,097 46,309,099 1.337.0S9 103342,357
.222,326 9,038,848
Total
Total 1905-06
supply of grain, comprising the stocks in
at the principal points of accumulation at lake and
seaboard ports April 27 1907, was as follows:
The
visible
granary
New York
"
.
llViraJ,
Corn,
Oals,
Rye.
Barley.
bush.
bush.
bush.
bush.
bush■
1.000.000
941,000
550.000
256,000
23,000
afloat
90,000
Boston
217,000
284,000
Philadelphia
Baltimore.
New Orleans
Galvest/m
Montreal.
Toronto
Buffalo
afloat
.
135,000
477.000
33,000
22,000
535,000
2.000
561,000
107,000
180,000
244.000
1,920,000
193,000
77,000
55.000
41,000
“
.
1,000
53.000
149,000
171.000
6! 1,000
263.000
7,000
477.000
743.000
270,000
643,000
16.000
256.000
267.000
37,000
14.000
2,000
1.615,000
1,397,000
586,000
229,000
322,000
334,000
afloat
Chicago.
*'
afloat
390.000
Milwaukee
**
107.000
afloat
Fort William.
Port Arthur
afloat..
Duluth
afloat
4.613. l K)0
4,818,000
.
.
**
.
1,015,000
9,647.000
2,000
821.000
189.000
1.273.000
is 1.000
2.861,000
307,000
39.000
3,000
412,000
“
Minneapolis
.
St. Louis.
.
10.999.000
2.090.000
305.000
afloat.
_
13,000
..
_
65.000
220 000
86.000
706,000
151.00(1
103.000
l ooi .olio
2,140.000
607.000
351.000
1 .000
236.000
Total April 27 1907. .52,776.000
Total April 20 1907- .51,987.000
Total April 28 1906. .41,221,000
Total April 29 1905 .28,529,000
Total April 30 1904. 30,357.000
Total May
2 1903. .33,456.000
9.074,000
10,367,000
4,399.000
9,971,000
7.830.000
6.459.000
0.866.000
9.946.000
16,674.000
13,857.000
9,100.000
6,226.000
1.315,000
1.236.000
1.789.000
1.116,000
1,036,000
1.149.000
2.519,000
2.670,0(0
Kansas City
—
Indianapolis-
Mississippi
On
On Lakes
On Canal and
.
3,400.000
.
...
.
River
*’() 000
175,000
River..
print cloth basis.
ally is upwards and kid-finished cambrics are occasionally
1-16 to V$c. higher.
The market for heavy brown cottons
continues irregular and still easy for the export grades.
Light-weight sheetings and drills, however, are firm. All
descriptions of coat sc, colored cottons continue strongly held.
Bleached muslins are, as before, selling at value and a fair
number of orders have been booked on that basis.
Ging¬
hams in all grad< s are strong but without quotable change
in price.
Cotton knit goods are in limited supply for prompt
deliveiy and manufacturers are asking advanced prices for
new season’s business.
WOOLEN GOODS.—The orders coming to hand this week
have not maintained the improvement indicated by last
week’s moderate increase.
It is evident that the weather is
the
tolling against retail distribution of spring garments, whilst
is too late to help the sale of heavy-weights.
Both in
the local market and those visited by salesmen on the road
the re-ordering of men’s wear fabrics has been indifferent
and the aggregate results unsat sfactoiv in most directions.
At the same time, stocks in first hands are not such as to
particular anxiety, manufacturers having, the
any
majority of them, regulated their production with judgment.
The condition of the heavy-weight division naturally is
telling upon the disposition of manufacturers with regard to
the now l’ght-weight season and the openings in this are
slow.
So far as can be seen, prices are likely to be main¬
tained. although an occasional lino of serges is available
somewhat below last year’s quotation.
The overcoatings
business is of restricted extent and without other special
features. * Woolen and worsted dnss goods have been in
quite steady request, with occasional instances of sellers
whose business up to date lias not met their expectations
"submitting to rather low prices.' The new season in carpets
will be opened next week, and, in view of this week’s auction
this is awaited with considerable interest.
sale of rugs,
_
.
2,071.000
1,918,000
2,614,000
1.242.000
THE DRY GOODS TRADE.
New
York, Friday Yiyht, May II 1907.
Results for the month of April show that business at
hand has been of moderate extent in volume, but that,
lirst
with
few exceptions, prices have (‘ither been fully maintained in
the cotton goods division or advanced.
The exception to th's
is found, as noted in previous reports, in heavy brown goods
in the export grades, in the cotton yarn division and in d;stant delivers s of print cloth vain gray goods.
Jobbers
quite gene?ally report a material increase in their turn-over,
both in quantity and in value, compared with April a year
ago, and that in spite of the fact that during nearly the whole'
of the month the weather has been unfavorable to season¬
able trading.
Retaileds have probably felt the weather in¬
fluence. but the full effect of this may not be. seen until the
present month develops.
Business tin's week has, as a rule,
been of quite moderate dimensions in a regular way at both
first and second hands, but the general tone continues strong,
with ready supplies quite as difficult to secure in most direc¬
tions as heretofore.
The woolen goods division has shown
no change of any moment in any department and, on the
whole, continues quiet.
A laige auction sale of carpet rugs
was a feature tins week, and although competition was con¬
siderable, th<* prices realized averaged low.
This week
there* have* been some complaints of collections not being
(piite up to the mark, but there is nothing in this connection
of a nature to cause any anxiety, and, considering lately
prevailing financial conditions, the dry goods trade as a whole
lias met its obligations in quite* satisfactory shape.
DOMESTIC COTTON GOODS.—•The exports of cotton
goods from this pe>rt for the week ending April 27 were 1,534
packages, valued at* $122,407. their destination being to the
points specified in the tables below:
190G
11)07
Xew York, io A prll 27.
Great Britain
Other European
China..
India
Arabia.........
Africa
West Indies
Mexico
Central America
South America
Other countries
_.
Week.
65
124
•Jan. 1.
Week.
899
58
21
431
592
_
.
9,833
50,429
3,730
4,173
16.223
...
.
...
.
_.
Total
The* value e>f these New York
370
6,923
1 1
186
37
238
503
370
1.534
3,306
916
10
13,827
3,565
8.184
306
7.705
8(H)
54
733
5,490
17,074
13,035
301
5.420
19,894
5.190
76.477
730
579
12,808
FOREIGN DRY GOODS.—Orders for imported woolen
and worsted dress goods have presented no particular feature
this week, and men’s wear fabrics have been quiet through¬
out.
A moderate business, has been done in silks and rib¬
It is difficult to secure linens
considerable orders are being
placed in both household and dress linens for next season.
Considerable supplies of burlaps arriving have been quickly
distributed at full prices and" the market remains very firm
here and relatively lower than abroad.
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending April 27 1907 and since
Jan. 1 19e7, and for tin* corresponding periods of last year,
bons at generally full prices.
for immediate delivery, but
follows:
are as
n
2
O
o
o
x c C
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o'
o' c
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111,516
Ai
exports since Jan. 1 has been
$4,837,193 in 1907, against $6,219,133 in 1906.
COTTON GOODS.—The chief feature in this division
during the past week has been an advance of generally
V2c. in shirting prints to the basis of 6c.
3
*i'/o<:2
w
"
—
Since
•Jan. 1.
Since
for the standard
American shirtings.
Regular print cloths are also being
marked up 1-16 to 4 9-16c., but this advance so far is more
or less nominal, no actual business being done thereat.
At
asking 4%c. There has
for near deliveries on fully
The tendency in converted goods gener¬
the most distant deliveries are
been a fair demand for odd goods
cause
afloat
Detroit
"
the same time, manufacturers will not consider orders for
delivery for next month and later on any lower basis, and for
it
151,000
“
Toledo".
1065
THE CHRONICLE
1907.j
.
May 4
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1066
THE CHRONICLE
gwi
0!TY B£f/lBTlvr£WT.
fght Cltrmridje.
Subscription—Payable
and
.$1 > 00
C> oo
1.4
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•"
i
Annual Subscription in London tinclinling
p s ag. ■
Six Months Subscript ioiii u London (im
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Subscription includes following Sections—
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Railway and Industrial (quarterly)
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Tl»e Railway and Industrial
Section, issued quarterly, is furnished
vxUhvut extra charye to every annual subscriber of the
Commercial and
Financial Chronicle.
The Statu and City Section, issued
semi-annually, is also furnished
without extra charge to every subscriber of the chronicle.
The Street Railway Section, issued three Times a
year, is likewise furnLslied without extra charge to
every subscriber of the Chronicle.
The Bank and quotation Section, issued
monthly, is also lurnished with¬
out extra charge to every subscriber of the CHRONICLE.
Terms oi
CHICAGO
$4 20
22
20
60
87
3 Three
Months (13 times),
-j Six Monthg
(26 times).
( Twelve Months (52 times).
OFFICE—Pliny Bartlett, 513 Monadnock
00
00
00
00
Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers’
Gardens, E. C.
WILLIAM IS. DANA
COMPANY, Publishers,
Pine Street* Corner oi Pearl Street*
Post Office Box 058*
NEW YORK.
Rond Calls and Redemptions*
Pulaski County (P. 0. Little Rock), Ark.—Bond Call.—
Call is made for payment July 2 at the Union Trust Co. in
New York City of all
outstanding 20-30-year (optional)
judgment-funding bonds dated July 1 1887.
Bond Proposals and Negotiations this week
Lave been
as
Trust
to
$337,000
28,000
5,000
166,000
Funds:
4% 30-year
4 % 20-year
4% 20-year
4 % 40-year
various municipal-improvement bonds.
East Boston emergency-hospital bonds.
McKenzie" Beach bath-house bonds.
Boston Tunnel and Subway bonds.
The above bonds
dated
April 1 1907.
Barberton, Summit County, Ohio.—Bond Offering.—Pro¬
posals will be received until 7 p. m. May 20 by George Davis,
Village Clerk, for the following bonds mentioned in V. 84,
p.
are
1011:
$9,774 67 5 % Sewer
District No. 2 assessment bonds.
Denomination
$1,000 except one bond for $774 67.
Date June 1 1907.
Maturity $1,000 yearly on March 1 from 1908 to 1916 In¬
clusive and $774 67 on March 1 1917.
9 781 39 5% Sewer District No. 1 bonds.
Denomination $1,000 except
one bond for $781 39.
Date May 1 1907.
Maturity $1,000
yearly on March 1 from 1908 to 1916 Inclusive and $781 39
on March 1
1917.
.
Authority Section 2835 of the Revised Statutes of Ohio
Municipal Code. Interest semi-annu¬
ally at the Village Treasurer’s office. Certified check (or
cash) for $200, payable to the Village Treasurer, is required.
Accrued interest to be paid by
purchaser, who will also be
required to furnish blank bonds.
Beverly, Essex County, Mass.—Temporary Loan.—This
place recentty negotiated a loan of $50,000 with Loring,
Tolman & Tupper of Boston at
4.58% discount. Loan ma¬
and Section 95 of the
Advertising1—Per Inch Space
Transient matter per inch space (14 agate lines)......
I Two Months
(8 times).
Btandimr
.Business Cards
caras
wanaing Business
building bonds. Authority Article 54, Laws of 1895.
Denomination $1.000. Date May 1 1907. Interest annually
in Blum or Austin.
Maturity May 1 1937, subject to call
after May 1 1917.
The district has no bonded debt at
Assessed valuation $321,000.
Boston, Mass.—Bond Sales.—The following bonds were
sold at par during the month of
April to the Sinking Fund
in Advance
For One Year
For Six Mmit lis
European SuLseript ion < im lmling postage)....
European Subscript inn six niont lis (im linlinir p
LXXXIV.
present.
PUBLISHED WEEKLY.
Terms of
[VOL.
follows:
tures Nov. 1
Bristol,
1907.
Sullivan
County, Tenn.—Bond Sale.—Reports
state that the $280,000
5% 30-year coupon water-works
bonds described in V. 84, p. 764, have been awarded to the
New First National Bank of Columbus at
par.
Camden, Camden County, N. J.—Bond Offering.—Pro¬
posals will be received until 8 p. m. May 6 by James E.
Hewett, Chairman Finance Committee, for the following
bonds:
$50,000 4% registered
or coupon
municipal hospital bonds.
Date May 1
1907.
Maturity May 1 1937.
150,000 4% registered or coupon paving bonds.
Date June 1 1907.
Ma¬
turity June 1 1927.
Denomination not less than $1,000.
Interest semi-annual.
Bonds are tax-exempt.
Certified check for 2% of the bonds
bid for, payable to the City
Treasurer, is required. Delivery
of bonds June 15.
Accrued interest to be paid by purchaser.
Official circular states that, there is no
Adel, Berrien County, Ga.—Bids Rejected.—All bids re¬
on April 15 for the
825,000 5% 30-year water-works
and city-hall-building bonds described in V.
84, p. 705, were
controversy or liti¬
rejected.
gation pending or threatened concerning the validity of
Alba Township (P. O. Annawan),
Henry County, Ill.— either of these issues of bonds, the corporate existence or
Bond Sale.—This township has awarded $2,000
boundaries of the municipality, or the title of the
present
5% building
bonds to Dr. J. W. Sieds at
officers
to their respective offices.
par. These securities arc part
of the 83,500 bonds offered on Feb.
12, at which time $1,250
Camp Hill School District (P. O. Camp Hill), Cumberland
bonds were disposed of.
Sec V. 84, p. 523. This makes a County, Pa.—Bond Sale.—An additional $2,509 of the
total of $3,250 bonds sold to date.
$12,000 10-20-vear (optional) bonds mentioned in V. 84,
Areola, Sask.—Debenture Offering.—Proposals will be re¬ p. 764, has been disposed of at par for 4s. This makes a
total of $4,100 bonds sold to date.
ceived until 0 p. m. June 15 by J. S. Bush, Secret
ary-Treas¬
urer, for tlu; following debentures:
Carbon County (P. O. Red Lodge), Mont.—Bond Sale.—
$60,000 5 uj % water-works debentures.
On April 25 the 12,000 20-year
Maturity part-yearly after live
coupon warrant-funding
years.
ceived
8,000 5 Yi % town-hall
debentures.
Maturity
part-yearly
years.
for
twenty
Arlington, Middlesex County, Mass.—Temporary Loan.—
This place recently negotiated
Bros. & Co., of Boston, at
loan of $25,000 with Blake
4.03% discount. Loan matures
in six months.
a
Ashland, Clay County, Ala.—Bond Offering.—This town
is offering for sale 810,000
5% 20-year school-building bonds.
Authority vote of 85 to 3 at election held April 23, It. G.
Rowland is Mayor.
Ashland, Ashland County, Ohio.—Bond Election.—An
election will be held June 10 to vote on a
proposition to issue
845,000 water-works bonds.
Atlanta, Fulton County, Ga.—Bond Sale.—This city has
awarded $350,000 4% 30-year
water-improvement bonds
dated, July 1 1007, to the Sinking Fund Commission at par.
Authority, election held April 9. Denomination, $1,000.
Interest semi-annual.
Austin School District (P. O. Austin), Mower
County.
Minn.—Bond Sale.—This district recently
negotiated a loan
of $30,000 with the State of Minnesota for
school-building
purposes.
Avon Union
Free School District No. 1 (P. 0.
Avon),
Livingston County, N. Y.—Bond Offering.—Proposals will
be received until 2 p. m.
May 14 by Win. 11. Farnum, Clerk
of Board of Im location, for $40,000
4% school-building bonds.
Authority, an election held April 28 1906. Denomination
Date June 1 1907.
$1,000.
Interest semi-annually in New
York exchange at the State Bank of Avon.
Maturity $2,000
yearly
on
Dec. 1
check for $200 is
from
1908
to
1927
inclusive.
Certified
required.
Ballard, Ind. Ter.—Bonds Proposed.—This place is con¬
sidering the advisability of issuing warrant-funding arid
improvement bonds.
Blum School District (P. O.
Blum), Hill County, Tex.—
Bond Offering.—Tom Taylor,
Secretary Board of Education,
is offering for sale an issue of
$10,000 5% coupon school¬
bonds described in V. 84, p. 826, were awarded to the State
Board of Land Commisssioners at
par for 4)4s.
Following
are the bids:
State Board of Land Commissioners (lor
4qs)
C. H. Coffin, Chicago (for 4'{,s)
Harris Trust & Savings Bank, Chicago
j (for 5s)
$12,000
12,061
12.725
12,000
\(for 4>4s)
MacDonald, McCoy & Co., Chicago (for 5s)
N. W. Halsey & Co., Chicago (for 5s)
Otis & Hough, Cleveland (for 5s)
Thomas J. BolgerCo., Chicago (for 5s>
i2,649
12,540
12,315
12,120
12,070
12,012
W. J. Hayes & .Son-, Cleveland (for 5s)
S. A. Kean, Chicago (for 5s)
00
00
00
00
20
00
00
00
00
00
Carson Independent School District
(P. O. Carson), Potta¬
wattamie County, Iowa.—Bond
Offering.—Proposals
will
be received until 2 p. m.
May 15 by Frank Galloway, Dis¬
trict Treasurer, for the
$9,000 5% school-building bonds
mentioned in V. 84, p. 463.
Authority Chapter 140, Laws
of 1906, and vote of 101 to 3 at election held Jan.
26.
De¬
nomination $1,000.
Maturity 10
years,
5 years.
subject to call after
Certified chock for $1,000 is required. The dis¬
trict has no bonded debt at
present. Assessed valuation
$91,506.
Cartaret County (P. O. Beaufort), No. Car.—Bond Sale.—
On May 1 the $25,000
5% 10-year coupon court-house bonds
described in V. <X4, p. 884, were awarded to Otis &
Hough of
Cleveland at 102.52 and accrued interest—a basis of about
4.682%.
Chagrin Falls, Cuyahoga County, Ohio.—Bond Sale.—On
May 2 the four issues of 4}2% bonds, aggregating $23,850,
described in V. 84, p. 827, were awarded to the
Chagrin Falls
Banking Co. for $24,277 40 (101.792) and accrued interest.
Chicopee, Hampden County, Mass.—Bond Sale.—Reports
state that $56,000
4% bridge bonds have been awarded to
Merrill, Oldham & Co. of Boston at 101.
Chisholm School District No. 40
(P. O. Chisholm), St.
Louis County, Minn.—Bond
Offering.—W. R. Schmidt,
District Clerk, will offer at
public auction at 8
$70,000
5%
Chapters 10 and 14 of
nation $1,000.
May 14
Authority
p. m.
coupon
school-building
bonds.
the Revised Laws of 1905.
Date May 14 1907.
Denomi¬
Interest semi-annually
May 4
1907.]
THE CHRONICLE.
in Chicago.
Maturity part-yearly on
1918 inclusive.
Certified check on
July 31 from 1912 to
a
bank in
St.
Louis
County for $3,500, payable to Ben Ledoux, Treasurer School
Board, is required. Bonded debt at present, $15,000.
Assessed valuation $7,150,805.
Christian County (P. O. Hopkinsville), Ky.—BondOffering
Further details are at hand relative to the offering on June 4
of the $100,000 5%
coupon turnpike extension bonds
mentioned in V. 84, p. 1011.
Proposals will be received
until 1
p. m.- on
that day by James Breathitt,
County Judge. Authority, Section 4748b, State Statutes,
and a vote of 3329 to 1653 at election held November 6, 1900.
Denominaton, $500. Date July 1 1907. Interest semi¬
annually at the Commercial Savings Bank of Hopkinsville.
Maturity July 1 1937, subject to call July 1 1927. Certified
check for 2)4% of bonds bid for, drawn on a State bank or
trust company, or national bank in Hopkinsville, and payable
to James Breathitt, County Judge, is required.
Bonds are
exempt from county taxes.- Official circular states there is
no litigation pending or threatened affecting the validity of
these bonds, and that the county has never repudiated any
of its debts or obligations.
Bonded debt, including this
issue, $245,000. Assessed valuation, 1906, $13,014,805estimated true value $20,000,000.
Clarksville, Montgomery County, Tenn.—Bond Offering.—
Proposals will be received until 12 m. May 13 by M. C.
Northington, Mayor, and the Finance Committee for $25,000
4)4% coupon high-school bonds. Denomination $500.
Date April 1 1907.
Interest semi-annual. Maturity April 1
1927, subject to call after April 1 1912. These bonds were
offered as 4s on March 28 but no satisfactory bids were re¬
ceived.
See V. S4, p. 951.
Cleburne, Johnson County, Tex.—Bonds Registered.—On
April 23 $75,000 5% school-house bonds -were registered b}r
the State Comptroller.
Cleveland, Cuyahoga County, Ohio.—Bond Sale.—The
following bonds were purchased on April 8 by the Sinking
Fund Trustees:
$50,000 5% street-improvement bonds maturing Nov. 1 1911.
These se
curltles are part of an Issue of $1,350,000; the remaining $1,300,000 bonds will be olTered May 11.
See V. 84, p. 951.
182,000 5 % street Improvement bonds maturing on Nov. 1 as follows: $26,000 In 1907 and $52,000 yearly from 1908 to 1910 Inclusive.
The above bonds
are
dated May 1 1907.
Cordell,
town is
Washita County, Okla.—Bond Offering.—This
offering at private sale the following bonds:
$i2 ,000 6 % registered
water works extension bonds.
Maturity May 1
1937, subject to call after May 1 1917.
8,000 6% registered elcctric-11 ght-system bonds.
Maturity May 1 1927.
subject to call after May 1 1917.
Denomination $500.
Date May 1 1907.
Interest semi¬
annually at Oklahoma fiscal agency in New York City.
Bonded debt, including these issues, $45,000.
Assessed
valuation $251,300.
Corsicana, Navarro County, Tex.—Bond Election.—An
election will be held May 10 to vote on a proposition to issue
$15,000 15-40-year (optional) public-school-building bonds
at not exceeding 5% interest.
Cuyahoga County (P. O. Cleveland), Ohio.—Note Offering.
—Proposals will be received until 11 a. m. May 4 bv the
County Commissioners for the following notes:
$1,045 5% Ashwood Road Improvement notes.
2,470 5?o Taylor Road Improvement notes.
Denomination $55.
Denomination $130.
Authority Sections 4637 and 4639 of the Revised Statute's
Ohio.
Date May 1 1907.
Interest semi-annually on
April 1 and Oct. 1 at the County Treasurer’s office. Ma¬
turity one bond of each issue* six months from Oct 1 1907
to Oct. 1 1916 inclusive.
Separate bids must be made for
each issue of notvs.
Certified check for $500 is required with
bids for each issue.
Purchaser to have notes prepared at his
of
.
own
expenses
Dalhart,
Dallam County, Tex.—Bonds Registered.—The
State Comptrolle-r on April 25 registered $8,500 5% city-hall
anel fire-station bonds.
Maturity March 1 1947, subject to
call after March 1 1917.
Dallas, Dallas County, Tex.—Bond Election.—An election
will be held May 21 to vote on a proposition to issue $500,000
water-works-improvement, $100,000 street-improvement and
$50,0 00 public-school-building bonds.
Danville School District No. 118 (P. O. Danville), Vermil¬
lion County, Ill.—Bond Sale.—On May 1 the $110,000 4%
coupon school-building bonds described in V. 84, p. 1012,
were awarded to the First National Bank of Chicago at par
and accrued interest
.
Dauphin, Man.—Debentures Not Sold.—No sale was made
on April 15 of the two issues of
5% debentures, aggregating
$16,200, described in V. 84, p. 884.
Dawson, Lac Qui Parle County, Minn.—Bond Sale Not
Consummated.—AVe
art*
informed that tin* sale of $28,000
5% water-works and electric-light plant bonds on March 11
to the Wells Sc Dickey Co. of Minneapolis ), V. 84, p. 645),
was never consummated, owing to an error in the first elec¬
tion.
A
new
('lection has been held and the bonds
are now
being re-offered, proposals having been asked.for up to May
For details of bonds and terms of offering see V. 84,
p. 1012.
Decatur County (P. O. Leon), Iowa.—Bonds Awarded m
Part.—Of the $70,000 4% coupon court-house bonds offered
on April 4 (V. 84, p. 645), $20*000 were awarded to John W
11.
1067
Harvey, of Leon, and C. S. Stearns, President oi First
National Bank of Garden Brove at par.
Bonds ate dated
<
i! I
April 1 1907.
Delaware.—Bond Sale.—On May 1 the $250,000 4% 25-
bonds described in V. 84, p. 952, were awarded
to Blodget, Merritt Sc Co., of Boston, at 102.573—a basis
of about 3.84%.
Denmark School District No. 21 (P. O. Denmark), Bam¬
berg County, So. Caro.—Bond Offering.—Proposals will be
received until 12 m. May 10 by J. Arthur Wiggins, Clerk
Board of School Trustees, for $15,000 coupon school bonds.
Des Moines,
Polk County, Iowa.—Bond Sale.—The
$78,000 43 2% 143^-year (average) registered city-hall site
bonds described in V. 84, p. 1012 were awarded on April 29
to Mac Donald McCoy Sc Co. of Chicago at
104.178—a
basis of about 4.11%.
The following bids were received:
3Tear coupon
MacDonald,McCoy &Co.,Ch$81,259
Dennison & Farnsworth,Cl_a81,331
Harris Tr. & S. B., Chlc._ 80,950
John Nuveen & Co., Chic. 80,685
Alb.Kleybolte& Co., On.
80,lo6
_
a
001 Emery .Anderson&Co.,Clev$79,951 00
001 \V.J.Hayes& Sons.Cleve.
001 E.H.RollinsA Sons.Chic..
00 J.E.O’Donnell,Des Moines.
001 Mason, Lewis &Co.,Chle.
_
Principal and Interest to be payable In New York City.
sidered
I
79,296
79,068
79,000
78,936
Bid not
00
60
00
00
con¬
.
Dieter (P. O. Pine Creek), Roseau County, Minn.—Bond
Offering.—Proposals will be received until 2 p. m. to-day
(May 4) by A. J. Gilseth, Township Clerk, for $2,600 coupon
refunding bonds at not exceeding 6% interest. Authority
Chapter 10, Revised Laws of 1905. Date June 1 1907.
Interest annually at Citizens’ State Bank of Roseau.
Ma¬
turity June 1 1922. Bonded debt, including this issue,
$8,600.
M
Assessed valuation 1906, $97,319.
Dover School District (P. O. Dover), Morris County, N. J.
—Bond Election.—An election will be held May 7 to vote
on a
proposition to issue $35,000 high-school-building bonds.
East Cleveland (P. O. Cleveland), Cuyahoga County, Ohio.
—Bond Sale.—On April 27 the $21,000 5% 2-year (average)
coupon street-improvement bonds described in V. 84, p.
were awarded to Denison Sc Farnsworth of Cleveland
and Boston at 101.37 and accrued interest—a basis of about
765,
4.279%.
Following
are
the bids:
Denison
&
Farnsworth,
Security Savings Bank &
Cleveland and Boston. _$21,287 75
Trust Co.. Toledo
$21,175 00
Otis & Hough. Cleveland. 21,165 00
Superior Savings & Trust
Co., Cleveland
21,257 00 Lamprecht Bros. & Co..
Cleveland Trust Co., Clev. 21,195 00
Cleveland
21,055 00
East Lake (P. O. Birmingham),
Bonds Authorized.—Reports state
Jefferson County, Ala.—
that arrangements are
being made for the issuance of $30,000 street-improvement
bonds.
East Providence, R. I.—Bonds Authorized by Legislature.—
Both branches of the State Legislature have passed the bill
authorizing this town to issue $200,000 sewer bonds.
East Rutherford, Bergen County, N. J.—Bonds Author¬
ized.—At a public meeting held April 10 a resolution favoring
the issuance of $90,000 Sewer-system-construction bonds was
adopted.
East Toronto, Ont.—Debenture Offering—Proposals will
be received up to May 13 by W. H. Cl
’lay, Treasurer, for the
following debentures:
$9,400 00 5 % public-school debentures.
Date Dec. 15 1906
part yearly for thirty years.
2.879 07 5 % cement-sidewalk debentures.
Date Dec. 15 1906.
part-yearly for tifteen years.
1,098 31 5 Vo cement-sidewalk debentures.
Date Dec. 15 1906.
Maturity
Maturity
Maturity
part-yearly for fifteen
years.
Date
1,020 00 5 % water-main debentures.
Dec. 15 1926.
1,629 68 5 ”o grading debentures.
15
Dec.
15
15
1906.
Maturity Dec.
Date June 1 1907.
Maturity part-
Date Dec.
1906.
Maturity
1926.
2,000 00 5 "o high school debentures.
yearly lor thirty years.
Edwards, Hinds County, Miss.—Bond Offering.—Propos¬
May 7 by the Board of
Mayor and Aldermen for $20,000 6% water-works bonds.
Denomination $500 and $1,000.
Date May 1 1907.
Inter¬
est annual.
Maturity twenty years, subject to call after
ten years.
T. H. W. Barrett is Mayor and T. P. Martin is
als will be received until 4 p. in.
Town Clerk.
Elizabeth City, Pasquotank County, N. C.—Bonds Voted.
—At the election held
April 22 this town voted in favor of
issuing bonds for a graded school.
Elizabethtown, Bladen Co., N. C.—Bond Election.—The
question of issuing $25,000 4% railroad-aid bonds will be
submitted to the voters of this town on May ?.
Ellwood City, Lawrence County, Pa.—Bond Offering.—
Proposals will be received until 2 p. m. May 15 by J. W.
Humphrey, Borough Solicitor, for the $3,000 sewer and
$17,000 43'2% coupon street-improvement bonds voted on
Feb. 19.
See V. 84, p. 586.
Denomination $500. Date
July 1 1907. Interest semi-annually at the First National
Bank of Ellwood City.
Maturity July 1 1927, subject to call
after July 1 1917.
Certified check for $500, payable to
J. W. Humphrey, Borough Solicitor, is required.- Bonded
debt, not including this issue, $42,200. Assessed valuation
1906, $1,250,000.
Elyria, Lorain County, Ohio.—Bond Sale.—-Reports state
April 30 of the $25,000
water-works, $25,000 bridge and $20,000 paving 4>2%
coupon bonds described in V. 84, p. 765:
that the following award was made on
$25,000 4 % 12-16 year
to
(serial)
the First
water-works-improvement bonds awarded
National
Hank of Columbus.
25.000 4 Mj % 3-7-year (serial) bridge bonds to Hayden, Miller & Co. of
Cleveland.
20.000 4
% 2-6-year (serial) pavement (city’s portion) bonds to Hayden,
Miller & Co. of Cleveland.
f
i
Ensley, Jefferson County, Ala.—Bond
Election.—We are
advised that the election to vote on the question of
the $35,000 school and $55,000 sewer 5% 30-year
mentioned in V. 84, p. 885, will be held May 13.
issuing
bonds
Eureka), Flathead
County, Mont.—Bond Sale.—On April 25 the $1,969 6%
lO-year coupon additional school bonds described in V. 84,
p. 827, were awarded to the State Land Hoard at 106.653
—a
basis of about 5.141%.
The following bids were
Eureka School District No. 45 CP. O.
received:
Statr La ml Hoard
.$2,1<>I> <>n ' I'nlon Bank & Trust Co..'
First \ at11. imp ton .\ eh 1,9X8 69,
Helena
«$l,969
First Nat. B!:.. Barm-sville.O. 1,0Sr* oo’J. M. Holmes, Chicago
61,009
-
a
And
Flank
[VOL.
THE CHRONICLE.
1068
Bonds.
00
00
6 Less 2 % commission.
City, Vanderburgh County, Ind.—Bond
the $132,000 3 %% 1-10-year (serial)
'coupon refunding and improvement bonds described in
V. 84, p. *27. and V. 84. p. 765. were awarded to the Indiana
Tru.'t Co. of Indianapolis at 100.50—a basis of 3.40%.
Evergreen, Koochicking County, Minn.-— Bond Offering.—
Proposal- will be received until 9 a. in. June 1 by the Board
of Supervisors at the Town Clerk’s office (P. (.).-• (rommel),
for $8,060 6'; road and bridge bonds.
Authority, chapter
04 and 11. Ceneral Laws 1905.
Denomination $500. Intcre.M annually July 15.
Maturity $500 yearly beginning
two year> from dale.
An unconditional certified chock for
$500. payable to the Town 'Treasurer, is required.
Fairhaven, Bristol County, Mass.—Bond Sale.—This
town on March 15 awarded an issue of $42,000 4% New Bed¬
ford and Tairhaven Bridge bonds to the New Bedford Insti¬
tution f<»r Savings of New Bedford at par and accrued in¬
Denomination $1,000.
Date November 1 1906.
terest.
Interot semi-annually May 1 and November 1.
Maturity
$1 .000 yearly on Nov. 1 from 1907 to 1949, inclusive.
Flint, Genesee County, Mich.—Bond Offering.—Proposals
will be received until 12 m. May 9 by D. E. Newcombe,
City (Jerk, for tin1 following bonds:
Evansville School
Sale.—On April 25
txouls.
Maturity $.>,000 yearly on June 1
Inclusive.
r>o.ooo 4 i-j
Maturity $5,000 yearly on .June
Bonds.
Inclusive.
S.'>o,ti(Ui -l
from 1914 to 192.1
of Rochester and
See V. 84. p. 233.
re-offered at
a
LXXXIV.
subsequently refused by that institution.
We are
later date.
informed that the bonds will bo
Green Island (P. 0. Sta. No. 3, Troy), N. Y.—Bond
Offering.—This village will offer at public auction on May 15
at 8 p. in. at the office of William H. Jarvis, Village Clerk,
an issue of $23,000 4% registered or coupon bonds. Authority
Chapter 25, Laws 1906. Denomination $500. Date July 1
1906.
Maturity $500 yearly on July 1 from 1907 to 1902
inclusive and $2,000 on July 1 from 1913 to 1922 inclusive.
Certified check for 5% of bonds bid for is required.
Bonded
debt at
present, $29,500. Assessed valuation $2,253,
549 50.
Greenburgh Union Free School District No. 10 (P. 0.
Greenburgh), Westchester County, N. Y.—Bond Offering.—
Proposals will be received until 8 p. m. May 21 by the Board
of Education for $15,000 5% school-building-addition bonds.
Authority a resolution adopted April 18 1907. Denomina¬
tion $1,000.
Date July 1 1907.
Interest semi-annually—
first payment Dec. 31 1907.
Maturity $1,000 yearly on
Dec. 31 from 1912 to 1926 inclusive.
Certified check for
$750, drawn on a national or State bank or trust company,
and payable to Frederick Ranscht, President of Board of
Education, is required. William T. Read is Clerk.
Gunnison, Bolivar County, Miss.—-Bond Offering.—W. J.
Brashears, Mayor, is offering at private sale $5,000 6% 10-20year (optional) water bonds.
Interest annually on Feb. 1
at Chicago or New York.
Bonds are exempt from all taxa¬
tion.
Bonded debt, this issue.
Assessed valuation 1906,
$140,000.
Hamilton, Butler County, Ohio.—Bond Sale.—The fol¬
lowing bids were received on April 27 for the $16,000 4%
15-year Maple Avenue and South Second Street (city’s por¬
tion) improvement bonds described in V. 84, p. 1013.
Western German Bk.. Cln.$16,336
Breed & Harrison, Cin
16,326
Rud. Kleybolte & Co..Cln. 16,307
50|Central T.& S.D.Co..Cln__$16,240 00
40 Seasongood & Mayer, Cln _ 16,213 76
20i Seeur.S.B.&Tr.Co.,Toledo. 16,137 30
Well, Roth & Co., Cln
16,291 00 j Kmery,Anderson&Co.,Clev 16.083 00
Brighton German Bk.,Cln.
16,232 23 |
(P. O. Chattanooga), Tenn.—Bond
Offering.—Proposals will be received until 12 m. June 4 for
$225,000 5% 20-year bonds. Interest annual.
S. M.
Interest Walker is County Judge.
Tie* ab«»ve securities are dated June 1 1907.
semi-annually at the National Park Bank of New York City.
Harris County (P-O- Houston) Tex. — Bonds Voted.--The
Certified check for 2% of bonds bid for is required.
Accrued (‘lection held April 22 resulted in favor of the propositions
interest to be paid by purchaser.
The proceeds of these to issue the $500,000 court-house and $500,000 road, bridge,
bonds will be used for the erection of a city hall and fire sta¬ ditch and drain
4% 10-40 year (optional) bonds described
tion, and delivery will be made as money is needed for this in V. 84, p. 953. The vote was 1,334 to 564 on the court¬
purpose.
house bonds and 1,473 to 434 on the road, bridge, ditch and
Fort Pierre School District (P. O. Fort Pierre), Stanley drain bonds.
County, So. Dak.—Bonds Voted.—On April 16 this district,
Harrisville, Alcona County, Mich.—Bond Offering. — Pro¬
by a vote of 117 to 5, authorized the issuance of $20,000 5% posals will be received uutil 4 p. m. May 6 by B. E. Storms,
10-20-year (optional) building and refunding bonds.
Date of City Clerk, for the following bonds:
sale not y«*t determined.
$1,900 5% 20 year sidewalk Bonds.
Denomination $300. except one bond
for $400.
Friend, Saline County, Neb.—Bonds Not Sold.—No sale
2,900 5 % 23 year sewer bonds.
1) “nomination $300, except one bond
was made on April 20 of the $8,000 5% 5-20-year (optional)
for $400.
described in V. 84, p. 952.
Gaffney School District No. 10 (P. O. Gaffney), Cherokee
County, So. Car.—Bond Offering.—Proposals will be received
until 12 in. May 25 by B. B. Steedly, Chairman Board of
Trustees, for $25,000 5% school bonds.
Denomination
$1,000 or $500.
Interest semi-annually.
Maturity twenty
years.
Certified check for $1,000 is required.
Gainesville, Alachua County, Fla.—Bond. Sole.—On April
17 the $10,000 5% gold park-purchase bonds offered on
April 11 (V. 84, j). 952) were disposed of at par and accrued
interest,
i b-nomination $500.
seini-anmia!.
Maturity Feb. 1
Date Fob. 1 1907.
Interest
1917. subject to call at any
time.
Galveston, Texas.—Bond Election Authorized.—Under re¬
amendments to the City Charter the Board of Commis¬
sioners are authorized to hold an election to' vote on tin*
cent
question of issuing $50,000 school-house, $300,000 drainage,
filling and paving, and $100,000 water-main bonds.
We are
informed, however, that it will probably be several months
before an election is called to vote on these propositions.
Glendale, Los Angeles County, Cal.—Bond Sale.—On
April 17 tin* $5,000 6% 1-40-year (serial) fire-protection
bonds described in V. 84, p. 885, were awarded, it is stated,
to the Adams-Phillips Company of Los Angeles.
Goldfield School District (P. O. Goldfield), Esmeralda
County, Nev.—Bond Offering.—Proposals will be received
until May 6 for the $75,000 8% 10-year gold coupon school¬
building bonds mentioned in V. 84. p. 586.
Authority an
election held April 20 1907.
Denomination $1,000. Inter¬
est January and July at the County 'Treasurer’s office in
Esmeralda.
Bonds are exempt from taxation.
Certified
check for $1,000 required.
The district has no bonded debt
at
present.
Assessed valuation 1906, $1,000,000. A. A.
('odd is Clerk of Board of Education.
Gravette School District (P. O.
Axlz.— -Bond Sole.—'This district
Gravettej, Benton County,
recently awardded $5,000
15-year school-building bonds to \V. T. La Follette, Cashier
of the State Bank of Siloam
Springs, representing Mr. Cop-
pack of Kansas City, Mo.
Greece Union Free School District No. 4 (P. O.
Char¬
lotte , Monroe County, N. Y.—Bonds Legalized.—Chapter
47, Laws of 1907, legalizes tin* $26,000 high-school-building
bonds awarded on Oct. 16 1906. to the Security Trust Co
County
1 from 1924 to 19331
elect lie-light bonds
•
Hamilton
Interest annual.
Hartford,
Conn. —Arsenal
School District.—Bond
Bill
Passes Legislature.— Both houses of the State Legislature
have passed the bill permitting the issuance of the $206,090
school bonds mentioned in V. 84, p. 953.
Hempstead Union Free School District No. 24 (P. O.
Valley Stream), Nassau County, N. Y.—Bond Sale.—On
May 1 the $30,000 now brick school-horse and $3,000 schoolho'- sc-moving-and-ropairing J3^%
in \
81, j). 1013, were awarded
.
Centre.
Bids
were
registered bonds described
to the Bank of Rockville
also received from W. J. Hayes
of Cleveland, and Ferris A
N. W. Harris & Co., W. N.
& Sons,
White, Edmund Seymour. A C<>.,
Cohn- & Co. and O’Conner & Kah-
ler, all of New York City.
Highland Park, Wayne County, Mich.—Bond Sate.—On
April 29 an issue of $30,000 4 1 7% 20-year water-extension
bonds,'dated June 1 1907, were awarded to E. H. Rollins &
Sons of Chicago.
Interest semi-annually at the Dime Sav¬
ings Bank in Detroit.
Indiana.—Bids.—The fol’owing bids were received on
April 29 for the $100,000 4% 33^-year coupon live-sloekshow pavilion bonds, described in V. 84, p. 885:
Indiana Tr. Co.. Indian $102,631 00 | Chas.C.Weddlng&Oo. and
Meyer & Kiser Bank. Ind 102.460 00 j
D.Miller &Co.. Ind. .$102,033 Of
102,130 00 | Breed & Harrison. Olneln. 102,001 00! W.R.Barkeley Jr., Line. 100.100 00
J. F. Wild cScCo., Indian.
Jamestown, Stutsman County, No. Dak.—Bonds Voted.—
April 29 this city authorized the issuance of the $20,000
4% 1-20-year (serial) city-hall bonds mentioned in V. 84,
p. 1013. by a vote of 268 to 23.
Jennings, Calcasieu County, La.—Bond Election.—The
question-of issuing $40,000 public-school-building bonds
On
will be submitted to
a
vote
Jonesboro School District
May 7.
(P. O. Jonesboro; Craighead
on
County, Ark.—Bond Sale.—Local
$50,000 5% coupon school-building
83, p. 1428, have been disposed of.
reports state that
bonds described in
the
V.
Joplin School District, Jasper County Mo.—Bids Rejected.
—No satisfactory bids were received on April 25 for the
$50,000 4% 10-20-year (optional) school-building bonds
described in V. 84, p. 953.
Junction City School District, Perry County, Ohio.—Bond
Offering.—Proposals will be received until 12 m. May 13 by
Barick, District Clerk, for $25,000 4% coupon school¬
building bonds. Authority Sections 3991, 3970-11, 3970-10,
and 3992 of Bates Revised Statutes, and an election held
G. vv\
Livingston School District No. 4 (P. O.
County, Mont.—Bond Sale.—On April
year (optional) gold coupon building
Policemen’s Pension Fund
Fund
This makes a total
Trustees Firemen’s
of $219,000 bonds sold to date.
Lyndon School District (P. O. Lyndon),
Whiteside County
McMechen, Marshall County, W.
authorized the
Va.—Bonds Voted.—The
192 to 45 in favor
election held April 25 r< suited in a vote of
of the proposition to issue the $25,000 5%
bonds mentioned in V. 84, p. 954.
sewer
O
) •:
Ill,—Bonds Voted.—This district recently
issuance of $1,800 school-house bonds.
Knox County (P. O. Mount
On April 30 the $40,000 5%
Farmers’&Merch.N.Bk.,Mt.V 41,550
I
$7,000
6.000
5,000
3,000
$23,000) W. G. Osborne
20,000 John W. & D. S. Green
18,000 J. M. Fetter.,
16,000 | Louisville Trust Co
Almstedt Brothers
Columbia Trust Co
city-hall bonds.
Well, Roth & Co., Cincinnati $41,650
bonds described in
been awarded as follows:
Kirkwood (Independent Station, St. Louis), Mo.—Bond
Election.—The Board of Aldermen has ordered an election
to be held May 4 to vote on the question of issuing SI6,000
First Nat. Bank, Mt.Vernon.$41,72a|
New First Nat. Bank, Colum. 41,720!
Livingston), Park
9 the $18,000 10-20-
708, were awarded to the Union Bank and Trust
Co. of Helena at par for 4.
Los Angeles, Los Angeles County, Cal.—Bond Election.—
The City Council has called a special election June 12 to vote
on the question of issuing $23,000,000 water-supply bonds.
The proceeds of the sale of these bonds will be used in bring¬
ing water to the city from the Owens River district.
Louisville, Jefferson County, Ky.—Bond Sale.—We are
advised under date of April 20 that $98,000 more of the
$1,000,000 4% Louisville Water Co. gold coupon mortgage
bonds, offered but not sold on March 6 (V. 84, p. 766), have
Co.,Somer.$927 18) L. S. Berger, Fredercksburg.$903 00
Killbuck Bkg.Co., Killbuck.. 910 00(
All bidders offered accrued interest in addition to their
bids.
the bids:
DistrieVT re us¬
V. 84, p.
Somerset Banking
Vernon), Ohio.—Bond Sale.—
4 2-3-year (average) coupon
bridge-fund-deficiency bonds described in Y. 84, p. 8>v5, were
awarded to the First National Bank of Mt. Vernon at 104.312
Following
and accrued interest—a basis of about 3.984%.
Interest semi-annually at the
May 1 1907.
urer's office.
April 10 1907. Denomination $1,000. Date May 1 1907.
Interest semi-annual.
Maturity $1,000 yearly on May 1
Accrued interest to be paid
from 1908 to 1932 inclusive.
by purchaser who will also be required to furnish blank
bonds at his own expense.
Certified check for 10% of bonds
bid for, payable to the District Treasurer, is required.
Kansas City School District, Jackson County, Mo.—Bmd
Election.—An election will be held May 4 to vote on the ques¬
tion of issuing $600,000 4% gold coupon school-building
bonds.
Denomination $1,000. Date July 1 1907. Interest
semi-annually in New York City. Maturity July 1 1927.
Killbuck, Holmes County, Ohio.—Bond Sale.—On April
27 the $900 6% 1-3-year (serial) coupon street-improvement
bonds described in V. 84, p. 885, were awarded to the Somer¬
set Banking Co. of Somerset at 103.02 and accrued interest—
a basis of about 4.40%
Following are the bids:
are
1069
THE CHRONICLE
May 4 1907.
10-20-yoar coupon
Tins' bonds,
wo
informed, will lx* offered for sale in about thirty days.
Madisonvilie School District (P. O. Madisonville), Hamil¬
ton County, Ohio.—Bond Election.—An election will be held
May 11 to vote on the question of iss ling $100,000 schoolbuilding bonds.
Madison Township School District (P. O. Heno >, Butler
County, Ohio.—Bond Sale.—This district, it is stated, lias
awarded $6,300 5% school bonds to the Middletown Building
& Deposit Association for $6,420, the price thus being
are
,
41,523
County,
Offering.—Pro¬
Lancaster, Fairfield
Ohio.—Bond
posals will be received until 12 m. May 24 for $11,217 47 101.904.
5% storm-water-sewer assessment, bonds. Denomination
Manning Independent School District (P.‘ 0. Manning),
$5,608 73. Date March 25 1907. Interest annual. Matur¬
Carroll
County, Iowa.—Bond Sale.—On April 26 the $24,000
ity $5,608 73 on March 25 in each of the years 1908 and 1909.
Certified check for 2% of bonds bid for, payable to the City 5-10-ycar (optional) coupon
school-building bonds de¬
scribed in V. 84, p. 1013, were awarded to the First National
Treasurer, is required.
Purcahser to pay accrued interest.
Latta School District No. 20 (P. O. Latta), Marion Bank of Manning at 105.25 for 6s—a basis of about 4.s07%
to the optional date and 5.317% to the full maturity.
Fol¬
County, So. Car.—Bond Offering.—Further details are at
lowing are the bids:
hand relative to the offering on June 1 of the $14,000 5%
First National Bank, Manning
$25,200 00
(for 6s)
coupon school-building bonds mentioned in V. S4, p. 1013.
O’Connor & Kahler, New York.
(for 5s(
24,353 50
{ (for 6s)
25.175 00
Proposals will be received until 12 m. on that day by J. C.
E. H. Rollins & Sons, Chicago
(for 5s).
24,271 20
Butler, Secretary of Board of Education.
Denomination John
Nuveen & Co., Chicago
f (for 5s)
24,205 00
•((for 5:>s)
24,505 00
$500.
Date, day of sale. Interest Jan. and July in Latta.
24,905 00
[(for 6s)
Maturity twenty years. Certified check for 5% of bonds MacDonald, McCoy & Co., Chicago
/ (for 5s)
24.171 00
bid for, payable to J. C. Bethea, Secretary, is required.
\ (for 6s)
25,154 40
Assessed valuation $750,000.
(for 5s)
Rudolph Klcyboltc & Co., Chicago
.. 24,135 50
Otis & Hough. Cleveland
(for 5s)
‘
24,062 00
Laurens School District (P. O. Laurens), Laurens County. W. J. Hayes & Sons, Cleveland
(for 3s)
24,057 00
f (for 5s)
24,000 00
S. C.—Bond Offering.—Proposals will be received until 12 mGeorge M. Bechtel & Co., Davenport
{ (for 5 4s)
24,400 00
l (for 6s)
24.900 00
May 25 by the Board of Trustees for $30,000 5% school¬
j (for 5s)
24.000 00
building bonds. Authority vote of 87 to 8 cast at election Eversz & Co., Chicago
1 (for 6s)
24 .960 00
held April
18 1907. Denomination to suit, purchaser. A. B. Leach & Co.. Chicago
(for 5s)
24,000 00
/(for f>4s)..
24,319 50
Interest semi-annuall}' in January and July.
Maturity F. B. Sherman & Co., Chicago
I (for 6s)
24.902 5q
Breed & Harrison, Cincinnati
41,715 | Dentson&Farnsworth, Cleve.
Vi
'
..
thirty years.
Bonds are exempt from taxation. Certified
cluck for $1,000 is required.
Purchaser to pay cost of
printing and issuing bonds.
Laurinburg, Scotland County, N. C.—Bond Offering.—
Proposals will be received until 11 a. m. May 6 by F. L.
Bundy, Mayor, for $50,000 5% funding bonds. Denomina¬
tion $1,000.
Date Jan. 1 1907.
Interest semi-annually at
Chase National Bank, New York City.
Maturity $2,000
yearly on Jan. 1 from 1917 to 1941 inclusive. Certified
cheek for $1,000 is required.
Total debt, including this
issue. $50,000.
Assessed valuation $575,000. Purchaser
to furnish blank bonds
The offeial advertisement states
that there is no litigation pending or threatened and that
there lias never been any default in payment of any obliga¬
First National
Manor, Westmoreland
895 to 553.
Lennox, Lincoln County, So. Dak.—Bonds Voted.—On
April 16 this city authorized the issuance of $3,000 5% 5-year
sewer-system bonds by a vote of 116 to 22.
Lima School District (P. O. Lima), Allen County, Ohio.—
Bond Sale.—On April 29 the $20,000 5% 2-21-year (serial)
school building bonds described in V. 84, p. 886,
awarded to Weil, Roth & Co. of Cincinnati at 108.775
coupon
were
The following
and accrued interest—a basis of about 4.04%.
bids were received:
Well, Roth & Co.. CIn ___$21.755 00 Emery, Anderson&Co.,Clev$21.601 00
21,600 00
Union S. B. & Tr. Co..Cin. 21,675 00 Breed & Harrison. CIn
Scnsongood& Mayer, CIn. 21,667 50 Hayden, Miller & Co..Clev. 21,517 00
New
1st
Nat.
Bk.,
Colum.
21,450
00
Denison & Farnsworth,Clev 21,652 25,
Otis & Hough. Cleve.
21,640 00 E. H. Rollins & Sons. Chic. 21.282 00
\V. J. Hayes & Sons, Clev. 21,636 00 W. It. Todd & Co.. Ola... 21,000 00
Hoehler & Commlngs, Tol. 21,612 50 Somerset Bk., Somerset... a5.160 00
Brighton German Bk., CIn. 21,601 00
a
For $5,000.
bonds.
(P. O. Lincoln), Lancaster
Sale.—This district on April 15 awarded
issue of $25,000 4}^% coupon refunding school bonds
W. E. Barkley Jr. of Lincoln at par.
Securities dated
Lincoln
School
District
County, Neb.—Bond
an
to
issue of $26,000 bonds by
from 1908 to 1912 Inclusive.
Improvement assessment bonds maturing
from 1908 to 1912 Inclusive.
East Arch Street Improvement assessment bonds maturing part
yearly on Sept. 1 from 1908 to 1912 Inclusive.
Foster Street Improvement assessment bonds maturing part
yearly on Sept. 1 from 1908 to 1912 Inclusive.
North Bowman Street Improvement assessment bonds maturing
part yearly on Sept. 1 from 1908 to 1912 Inclusive.
West Corporation Alley and Church Court Improvement assess¬
ment bonds maturing part yearly on Sept. 1 from 1908 to 1912
part yearly on Sept. 1
2,200 4% South Mulberry Street
part yearly on Sept. 1
1.600 4 %
3,100 4 %
1,900 4 %
vote of
24.501 00
Mansfield, Richland County, Ohio.—Bond offering.—
Proposals will bo received until 12 m. May 25 by D. S.
Koontz, City Auditor, for the following bonds:
$6,100 4%|South Mulberry Street Improvement assessment bonds maturing
Lawrence School District, Douglas County, Kan.—Bonds
Voted.—An election held April 2 resulted in favor of a propo¬
$4,000 4% high-school bonds by a
Maturity from 1920 to 1928 inclusive.
24,000 00
County, Pa.—Bonds Voted.—-This
vote of 105 to 27.
4.600 4%
to issue
\ (for Gs)
borough recently authorized the
a
tion.
sition
/(for 5 4s)
Bank, Barnesvlllc
Inclusive.
3.400 4% Lida Street
sidewalk-improvement assessment bonds maturing
part yearly on Sept. 1 from 1908 to 1910 inclusive.
11,200 4 % East First Street Improvement assessment bonds maturing part
yearly on Sept. 1 from 1908 to 1917 Inclusive.
1.400 4 % Bowman Street sidewalk Improvement assessment bonds matur¬
ing part yearly on Sept. 1 from 1908 to 1910 Inclusive.
200 4 % North Diamond Street sewer assessment bonds maturing part
600 4 %
«•"
650 5%
_
400 5%
400
200
200
100
200
5%
5%
5%
3%
5%
19,100 4%
,
yearly on Sept. 1 from 1908 to 1910 Inclusive.
Blanche Street sewer assessment bonds maturing part yearly on
Sept. 1 from 1908 to 1910 Inclusive.
Park Avenue West sweeping bonds maturing Sept. 1 1908.
West Third Street sprinkling bonds maturing Sept. 1 1908.
Marlon Avenue sprinkling bonds maturing Sept. 1 190S.
£5
Glenwood Boulevard cleaning bonds maturing Sept. 1 1908.
Parkwood Boulevard cleaning bonds maturing Sept. 1 1908.
Brlnkerhoff Avenue cleaning bonds maturing Sept. 1 1908.
Dawson Avenue. Stewart Avenue and Summit Street cleaning
bonds maturing Sept. 1 1908.
general street Improvement (city’s portion) bonds maturing part
yearly on Sept. 1 from 1908 to 1927 Inclusive.
2,000 4% park-improvement bonds
1908 to 1917 Inclusive.
.
t
maturing part yearly on Sept. I from
Denomination $100 to $1,000.
Interest is payable at the
City Treasurer’s office annually on the street-repair bonds
and March 1 and Sept. 1 on the other issues.
Bonds are taxexempt in Ohio.
Each bid must be made on a blank form
furnished by the city and must be accompanied by a certi¬
fied check for 10% of the bonds bid for, payable to the ‘"City
*
of Mansfield.”
I* •*
i,
>
i
r: - *
iwy***ft*
UV
THE CHRONICLE
1070
Malone, Franklin County, N. Y.—Bond Offering.—Pro¬
posals will be received until 12 m. May 8 by Thomas Hinds,
Village President, and R. McC. Miller, Village Clerk, at the
office of the Board of Trustees, for $225,000 registered water¬
works funding bonds at not exceeding 5% interest.
Au¬
thority, Chapter 333, Laws of 1901, and Acts of Legislature
passed in January and in April 1907. Date May 15 1907.
Interest semi-annually at the Knickerbocker Trust Co. of
New York City.
Maturity May 15 1910. Certified checks
for SI,000 is required.
These securities were offered on
March 8 but all bids received on that day were rejected.
See V. 84, p.
1,50Sefpt.
880.
Mansfield, Richland County, Ohio.—Bonds Authorized.—
On April 2 the City Council passed an ordinance providing
for thi* issuance of S2,000 4% coupon Sherman-Heineman
Park improvement bonds.
Denominations from S100 to
$500.
Interest semi-annual.
Mamaroneck, Westchester County, N. Y.—Bonds Legal¬
ized by Legislature.—An issue of paving bonds of
has been legalized by Chapter 154, Laws of 1907.
this village
Mangum, Greer County, Okla.—Bonds Authorized.—The
Mayor and the City Council recently authorized the issuance
of $15,000 6% coupon sanitary-sewer bonds.
Denomina¬
tion $1,000.
Date March 1 1907.
Interest semi-annually
at tin; National Bank of Commerce in New York City.
Ma¬
turity March 1 1927.
Marlin, Falls County, Tex.—Bond Bale.—We are advised
that the $16,000 4% 5-40-year (optional) coupon waterworks-improvement bonds offered on April 3 (V. 84, p. 708)
have been purchased by the State School Fund at par and
interest.
Massillon, Stark County, Ohio.—Bonds Authorized.—On
April 9 the City Council passed an ordinance providing for
the issuance of $1,920 4 lA% 2-5-year (serial) coupon streetimprovement (city’s portion) bonds. Denomination $480.
Date July 1 1907.
Interest semi-annual.
Medford, Ont.—Debentures Withdrawn from Market.—We
art* informed that the $19,751
4 14% local-improvement de¬
bentures advertised to be sold April 8~(Y. 84, p. 766) have
been withdrawn from the market
.
Ohio.—Bond Offering.—Proposals will be received until 12 m. May 15 by O. O. Van
Deusen, Village Clerk, for the $32,000 4% coupon waterworks bonds mentioned in V. 84, p. 766.
Authority seclions, 2835, 2835b, 2836 and 2837 of the Revised Statutes of
Interest
Ohio.
Denomination $500.
Date May 1 1907.
MaMarch 1 and Sept. 1 at the Village Treasurer’s office.
turity as follows:
Medina,
$.r>oo\s<pt.
Medina
l
1
1
nnr>
500
1,000
Sept.
1,000
1,000
March 1
Sept. I
10 17
lots
1010
1010
March 1
1020
Sept.
1
1020
March 1
Sept. 1
March 1
1021
500
1,500
1,000
1,000
1,000
Sept.
1021
1022
Accrued interest
check for 5% bonds
s
County,
$1,000
1,000
1,500
1,000
1,500
1,000
S»‘pt.
March
Sept.
March
Sept.
March
1,500 Sept.
1,000 March
1,500 Sept.
1,000 March
1
1022
1
1
1
1025
1025
1024
1
1
1
1024
1025
1025
1020
1
1
1026
1
1027
$1,500 Sept. 1 102 7
1,000 March 1 102S
1 102S
1,000 March 1 1020
1 102 0.
1,000 March 1 1050
1 10 50
1,000 March 1 1051
1,000 Sept.
1 1051
to be paid by purchaser.
Certified
bid for, payable to the Village Treasurer,
required.
Menominee County (P. O. Menominee), Mich.—Bond Elec¬
tion.—On May 20 this county will vote on the question of
issuing $20,000 agricultaral-school-building bonds.
Mesquite Independent School District (P. O. Mesquite;,
Dallas County, Tex.—Bonds Registered.—On April 27 the
State Comptroller registered $2,000 5% 5-20-year (optional)
school-house bonds dated March 20 1907.
Brunswick) N. J.—Bonds
April 24 for the $80,000
3 }4% registered bridge bonds described in V. 84, p. 886.
Midland County (P. O. Midland), Mich.—Vote.—We are
advised that the vote cast at the election held April 1 on the
question of issuing the $60,000 4*4% court-house bonds,
Middlesex County (P. O. New
Not Sold.—No bids were received
.
on
mention of which was made in V. 84, p.
“for” to 1,252 “against.”
Maturity $4,000
was 1,283
yearly.
Mineral Springs Township, Richmond County, N. C.—
Bonds Voted.—An election held April 20 resulted in favor of
a proposition
to issue road-improvement bonds.
Minneapolis, Hennepin County, Minn.—Bonds Proposed.—
The Park Board has petitioned the City Council for authority
to issue $150,000 park bonds.
Mitchell, Scotte Bluff, County, Neb.—Bonds Voted.—On
April 17 this place voted to issue $6,000 municipal water¬
954,
works bonds.
Mitchell School District (P. O. Mitchell), Davison County,
S. D.—Bond Proposition Not to be Submitted to a Vote at
Present.—We are informed that the question of issuing the
bonds mentioned in V. 84,
766, will not be submitted to a vote this year.
Moberly, Randolph County, Mo.—Bonds Voted.—On
April 23 this city authorized the issuance of $15,000 reservoir
and city-park bonds by a vote of 914 to 80.
Monroe, Monroe County, Mich.—Bond Election.—On May 7
this city will vote on a proposition to issue $10,000 improve¬
$100,000 high-school building
p.
[VOL.
awarded to the Mt. Gilead National Bank of Mt. Gilead
101.968—a basis of about 3.966%.
Following are the
bids:
were
at
Mt.GIleadNat.Bk.,Mt.Gil.$l 2,236 24 | Hoehler&Cummings,Tol._$12,110
Brighton-German Bk.,Cin. 12,153 00 New 1st Nat. Bk., Colum_ 12,105
Hayden,Miller&Co.,Cleve_ 12,139 00 Secur.S.B.& Tr.Co..Toledo 12,092
Breed & Harrison, Cin
12,120 00 W. J. Hayes & Son, Cleve. 12,091
school bonds.
New Castle County (P. O. Wilmington), Del.—Bond
Offering.—Proposals will be received until 12 m. May 14, by
C. C. Hopkins, Chairman Finance Committee, for $170,000
4% gold coupon highway improvement bonds, being part
of the authorized issue of $300,000
Denomination $1,000.
955.
Date
mentioned in V. 84, p.
May 1 1907. Interest
semi-annually at the Farmers’ Bank of Wilmington. Ma¬
turity $10,000 yearly from 1926 to 1930 inclusive and
$15,000 yearly from 1931 to 1938 inclusive. Bids must be
made on blank forms"furnished by the county.
Certified
check for 3% of bonds bid for, drawn on a bank or trust
company of Wilmington, is required.
Delivery of bonds
May 28. Bonds will be certified to as to their genuineness
by the Columbia Trust Co. of New York City and their
legality approved by Sylvester D. Townsend Jr., Levy
Court Attorney of New Castle Coiuffy, whose opinion will
be engraved on the bonds.
Official circular states that the
county has never defaulted on its bonds or other obligations.
New Haven, New Haven County, Conn.—Bonds Author¬
ized.—On April 18 the Mayor approved an ordinance provid¬
ing for the issuance of $172,060 street-improvement bonds.
Newnan, Coweta County, Ga.—Bond Election.—An elec¬
tion will be held May 4 to vote on the question of issuing
$13,000 electric light, $10,000 water and $2,000 sewer 4}.4%
bonds.
Maturity from 1933 to 1937 inclusive.
Newport, Newport County, R. I.—Temporary Loan.—On
April 27 this city negotiated a loan of $45,000 with Blake
Bros, of Boston at 4.68% discount.
Loan matures Sept. 1
1907.
Newton, Newton County, Miss.—Bond Sale.—On April
$50,000 5% 20-year coupon water-works bonds men¬
tioned in V. 84, p. 886, were awarded to the Commercial
16 the
Bank and Trust Co. of Laurel as 6s.
Denomination $1,000.
Interest semi-annually May and November in New York
City.
Bonds
are
issue, $64,000.
Bonded debt, including this
tax exempt.
Assessed valuation 1906, $939,848.
New York State.—Bond Bill Passes House.—The State
Assembly has passed a bill providing for an election to vote
on the question of issuing $15,000,000 bonds for the acqui¬
sition of'land in the Adirondaeks for park purposes.
Nocogdoches, Nacogdoches County, Tex.—Bonds Regis¬
tered.—The State Comptroller on April 15 registered $50,000
5% water-works bonds. Maturity April 1 1947, subject to
call after five years.
North Wildwood (P. O. Anglesea), Cape May County,
N. J.—Bonds Voted.—An election held April 25 resulted in
the authorizat ion of the issue of $75,000 bonds for the purchase
and improvement of the water-works-plant of the Five Mile
Beach Water Co.
Norwalk, Fairfield County, Conn.—Bond Offering.—Pro¬
posals will be received until 2 p. m. May 10 by Wallace
Dann, Mayor, for $75,000 4% coupon refunding bonds.
Authority, resolution of General Assembly approved March
27, 1907.
Date July 1 1907. Interest semi-annually at
the Fairfield County National Bank in Norwalk.
Maturity
July 1 1927. Each bid must be made on a blank form fur¬
nished by the city and must be accompanied by a certified
check for $1,000.
Accrued interest to be paid by purchaser.
Bonds will be certified to as to their genuineness by the
United States Mortgage & Trust Co. of New York City.
Norwalk, Huron County, Ohio.—Bonds Authorized.—On
April 4 this city passed an ordinance providing for the issu¬
ance of $13,000
5% 1-10-year (serial) coupon Norwood Ave¬
nue
improvement assessment bonds. Denomination not
to exceed $1,300.
Date April 15 1907. Interest semi¬
annually on June 1 and Dec. 1.
Old Forge, Herkimer County, N. Y.—Bond Offering.—
Proposals will be received up to and including May 10 by
W. D. Marks, Village Clerk, for $15,000 4% coupon water¬
works bonds.
Denomination $600.
Date May 15 1907.
Interest annually at the Herkimer National Bank of Herki¬
mer.
Maturity $600 yearly on May 15 from 1912 to 1936
inclusive.
Purchaser to pay accrued interest.
The village
has no bonded debt at present.
Omaha, Douglas County, Neb.—Bond Sale.—On April 29
the 69,000 434% 7-year (average) coupon street-improvement
bonds described in V. 84, p. 1014, were awarded to the
Western German Bank of Cincinnati at 101.521 and accrued
interest—a basis of about 4.247%.
The following bids
were received:
Western German Bk., Cine..$70,050 |
Emery .Anderson &Co.,Clev.
Spltzer & Co., Toledo
City Savings Bank, Omaha._ 69,405|
als will be received until 6 p. m.
5% 2-year (average) bonds described in V. 84, p. 886,
$69,069
69,7011 W. J. Hayes & Sons, Cleve__ 69 017
County (P. O. Mt. Gilead), Ohio.—Bond Sale.—
On April 29 the $7,000 Williams ditch and $5,000 Harris
ditch
75
00
00
00
These securities are dated May 1 1907.
Interest semi¬
annually in March and September.
Muskogee, Ind. Ter.—Bond Election Proposed.—There is
talk of calling an election to vote on the question of issuing
$120,000 water-works, $80,000 sewer and $100,000 high-
ment bonds.
Morrow
LXXXIV.
Oneida, Madison County, N. Y.—Bond Offering.—Propos¬
May 8 by T. A. Dapson,
Deputy City Clerk, for the following bonds:
Mat 4
1907.]
THE CHRONICLE.
$33,169 68 4 % 1-10-year (serial) coupon or registered sewer (series N. N.)
assessment bonds.
Denomination $3,316 97.
Date May 1
Interest semi-annual.
1-10-year (serial) coupon or registered
1907.
10,994 61 4 %
assessment
paving bonds.
paving (series L. L.)
Denomination $1.099 46. Date
Feb. 1 1907.
Interest annual.
187 60 4% 1-10-year (serial) coupon or registered (series M. M.) sewerassessment bonds.
Denomination $18 76.
Date Feb. 1
1907.
Interest annual.
Walpole & Co. of Pueblo and not E. H. Rollins & SSpus of
Denver, as first reported. Denomination $1,000. Date
June 1 1907.
Maturity June 1, 1927, subject to call after
June 1 1917.
These securities are issued to refund $79,000
6% deficiency bonds, $47,000 6% bridge bonds and $10,000
Bessemer bridge bonds.
Interest is
payable in Oneida or New York City. Certified
bonds bid for, payable to T. A. Dapson,
Deputy City Clerk, is required.
Orange, Essex County, N. J.—Bonds Authorized.—Re¬
ports state that the Common Council has passed a resolution
directing the Finance Committee to dispose of $31,950 5%
street-improvement bonds.
Orange County (P. O. Santa Ana), Cal.—Bonds Proposed.
—The Board of Supervisors is considering the advisability
of issuing $500,000 road-improvement bonds.
Owosso, Shiawassee County, Mich.—Bond Election.—An
election will be held May 14 to vote on the question of issuing
$50,000 park-improvement bonds.
Oxford, Butler County, Ohio.—Bond Election.—An elec¬
tion will be held in this village on May 14 to vote on the
question of issuing $50,000 sewerage bonds.
Packwaukee, Marquette County, Wis.—Bond Sale.—On
April 20 the $2,000 5% coupon bridge-building bonds offered
on that day (V. 84,p.887,) were awarded to the Pardeeville
check for 2^% of
State Bank of Pardeeville at 101.
1906.
Bonds
are
dated Oct. 1
Interest
annually on Feb. 1.
Palo Alto, Santa Clara County, Cal.—Bonds Defeated.—
This city on April 22 defeated a proposition to issue $25,000
park bonds.
Paragould School District (P. O. Paragould), Greene
County, Ark.—Bond Offering.—Proposals will be received
up to May 25 by the Board of Directors for $25,000 5%
30~3^ear bonds. Interest semi-annually on Jan. 15 and July
15.
J. A. Morgan is Secretary.
Pascoag Fire District, R. I.—Bond Bill Passes Senate.—
The issuance of $40,000 bonds is provided for in a bill re¬
cently passed by the Senate.
'Pensacola, Escambia County, Fla.—Bonds Proposed.—The
City Council has been petitioned by the citizens of this place
to issue $50,000 hospital bonds.
Perry and Castile (Towns) Union Free School District
No. 6 (P. O. Perry), Wyoming County, N. Y.—Bonds Legal¬
ized.—Chapter 46, Laws of 1907, legalizes the $50,000 schoolbuilding bonds awarded on Jan. 29 to N. W. Harris & Co.
of New York City.
See V. 84, p. 352.
Pittsburgh, Allegheny County, Pa.—Bonds Not Sold.—No
bids were received on April 29 for the two issues of 4%
bonds aggregating $862,000 described in V. 84, p. 955.
Pittsfield, Mass.—Bond Bill Passes House.-“—The House of
the State Legislature has passed a bill authorizing the issu¬
ance of $95,000 4% refunding water bonds.
Plainfield, Union County, N. J.—Bonds Authorized.—On
April 9 this city authorized the issuance of $68,000 4fi£%
sewer-funding bonds. Denomination $1,000. Date May 1
1907.
Pleasanton, Linn County, Kan.—Bonds Registered.—The
recently registered $5,500 water-improvement
State Auditor
bonds.
Polytechnic Heights Independent School District (P. O.
Worth), Tex.—Bonds Registered.—An issue of
$12,500 5% school-house bonds was registered by the State
Comptroller on April 19. Maturity 40 years, subject to call
Station A, Fort
after 15 years.
Pomona, Los Angeles County, Cal.—Bonds Voted and
Defeated.—The election held March 28 (V. 84, p. 710) re¬
sulted
as
follows:
school’bonds authorized by a vote of 790 to 227.
water-plant bonds, defeated by a vote of 605 ‘ for” to 441
“against;” two-thirds necessary to authorize.
25.000 4 M /o additional water bonds, defeated by a vote of 602
for to
408 “against;” two-thirds necessary to authorize.
35,000 4 V4% city-hall bonds, defeated by a vote of 648 “for” to 361
“against:” two-thirds being necessary to authorize.
$40,000 4
300,000 4
Port Chester, Westchester County, N. Y.—Bonds Legalized
by Legislature.—Chapter 159, Laws of 1907, legalizes the
issuance of bonds of this village put out for the paving of
1071
Randolph County (P. O. Winchester), Ind.—Bond Sale.—
April 15 $69,244 4bo% stone-road bonds (eight issues)
On
were
awarded
as
follows:
$24,784 bonds to J. F. Wild & Co. of Indianapolis at 100.50.
17,578
9,735
8,773
8,374
bonds to J. P. Goodrich of Winchester at 100.50.
bonds to Chas. C. Wedding & Co. of Indianapolis at 100.50.
bonds to E. M. Campbell & Co. of Indianapolis at 100.375.
bonds to Jos. T. Elliott & Sons of Indianapolis at 100.33.
Securities
Nov. 15.
are
dated
April 15 1907.
Interest May 15 and
Red Cloud, Webster
election held April 2 (V.
County, Neb.—Bonds Voted.—The
84, p. 649) resulted in favor of the
proposition to issue $25,000 school bonds.
Red Deer, Alberta.—Debenture Offering
advised that the time for receiving bids
Postponed.—We
for the six issues
5% debentures, aggregating $67,300, described in V. 84,
710, has been extended from 12 m. April 15 to 12 m. June
are
of
]).
1'5.
Redlands School District, San Bernardino County, Cal.—
Bonds Defeated.—An election held April 5 resulted in the
defeat of a proposition to issue $27,000 school-improvement
bonds.
The vote was 299 “for” to 315 “against.”
Bond Election.—An election will be held May 11 to vote
on
a
proposition to issue $5,000 school-building-addition
bonds.
Red Lodge, Carbon County, Mont.—Bonds Defeated.—
At an election held April 1 a proposition to issue $35,000
sewerage bonds was defeated.
Red River County (P. O. Clarksville), Tex.—Bond
This county has awarded the $678 5% registered
Sale.—
bridgerepair bonds, registered by the State Comptroller on March
13 (V. 84, p. 710) to the Red River County School Funds at
par.
Date of bonds Feb. 14 1907. Maturity ten years, sub¬
ject to call at an}' time.
Reno School District No 10 (P. O. Reno), Washoe County,
Nev.—Bond Offering.—Proposals will be received until 1
p. m. to-day (May 4) by LI. 13. Maxson, District Clerk, for
$100,000 5% school bonds.
Denomination $2,000. In¬
terest semi-annually at the County Treasurer’s office in
Reno.
Maturity $2,000 yearly on Jan. 1 from 1908 to 1957
inclusive.
Of the toal issue $60,000 will be delivered on or
before June 1 1907 and $40,000 will be delivered Jan. I 1908,
These bonds were, offered on March 18, all bids received on
that clay having been rejected.
Richton, Perry County, Miss.—Bond Offering.—Proposals
will be received until June 11
by G. E. Yarborough, Town
Clerk, for $6,000 5% 20-year general-improvement bonds.
Roane County (P. O. Kingston), Tenn.—Bonds Author¬
ized.—On April 1 this county authorized the issuance of
$60,000 funding bonds.
Rockport, Essex County, Mass.—Temporary Loan.—This
town recently negotiated a loan of $10,000 with Bond &
Goodwin of Boston at 4.98% discount.
Loan matures
Oct. 26.
Rocky Ridge, Ottawa County, Ohio.—Bond Offering.—
Proposals will bo received until 12 in. May 27 by William
McMahon, Village Clerk, for $2,500 5% street-improvement
bonds.
Denomination $500.
Date April 30, 1907.
In¬
terest annual.
Maturity $500 yearly on April 30 from
1908 to 1912 inclusive.
Accrued interest to be paid by pur¬
chaser.
Certified check for $100, payable to the Village
Treasurer is required.
Roff, Ind. Ter.—Bonds Voted.—On April 9 this place au¬
thorized the issuance of $10,000 electric-light bonds.
Rolla, Phelps County, Mo.—Bonds Registered.—On April 8
the State Auditor registered the $10,000 5% 20-year coupon
sewer bonds, awarded on Jan. 7, as stated in V. 84, p. 290,
to the Wm. R. Compton Bond & Mortgage Co. of Macon at
102.
Rutherford School District
(P. O. Rutherford), Gibson
Voted —On April 17 this district
Portsmouth, Scioto County, Ohio.—Bonds Authorized.— voted to issue bonds for a school building.
On April 17-the City Council passed ordinances providing for
Sabetha School District, Nemaha County, Kansas.—Bonds
the issuance of the following bonds:
Defeated.—An election held recently resulted in the defeat
$8,500 4 % coupon Seventh Street Improvement bonds.
of a proposition to issue high-school bonds.
Maturity on June
1 as follows: $500 In 1909 and $1,000 yearly from 1910 to 1917
Inclusive.
Sag Harbor School District (P. O. Sag Harbor), Suffolk
4,500 4 % coupon Eleventh Street Improvement bonds.
Maturity $500
County, N. Y.—Bonds Not to Be Issued at Present.—We are
yearly on June 1 from 1909 to 1917 Inclusive.
informed that the $60,000 building bonds voted on Feb. 15
17,500 4 % coupon Washington .Street Improvement bonds.
Maturity on
June 1 as follows: $1,500 In 1909 and $2,000 yearly from 1910
will probably be issued some time during the summer.
to 1917 Inclusive.
3,000 4 % coupon Ninth Street Improvement bonds.
Maturity $500 yearly
Saginaw, Saginaw County, Mich.—Bonds Voted.—On
on June 1 from 1912 to 1917 inclusive.
April 2 this city, according to local reports, voted in favor
Denomination $500.
Date June 1 1907.
Interest semi¬ of issuing $200,000 park bonds.
annual.
St. James, Watonwan County, Minn.—Bond Offering.—
Prosser, Yakima County, Wash.—Bonds Proposed.—The Further details are at hand relative to the offering on May 22
City Council and the Public Improvement Committee are of the $6,500 5% city-hall bonds mentioned in V. 84, p. 956.
considering the advisability of issuing from $5,000 to $8,000 Proposals will be received until 8 p. m. on that day by
city-hall bonds.
Christ. Larsen, City Clerk.
Authority Section 784, Revised
Pueblo, Pueblo County, Colo.—Purchaser of Bonds.—We Laws of Minnesota for 1905. Denomination $1,000, except
are informed the successful bidders for the $136,000
4*^% one bond for $500. Date July 1 1907. Interest annually in
refunding bonds mentioned in V. 84, p. 1014, were N. S. St. James. Maturity $1,000 yearly on July 1 from 1909 to
Traverse Avenue.
-
County, Tenn.—Bonds
1914 inclusive
and $500 on July 1 1915.
Certified check lor
5% of bonds bid for, payable to the City Clerk is required.
St. Matthews School District No. 8 (P. 0. St. Matthews),
Orangeburg County, S. C.—Bond Offering.—Further details
are at hand relative to the offering on May 15 of the $10,000
5% coupon school-building bonds mentioned in V. 84, p.
1014.
Proposals will be received until 12 m. on
that day
Board of Trustees. Authority, an
Act of Legislature passed in February 1907.
Denomination
Date July 1 1907.
$500.
Interest annually at St. Mat¬
thews.
Maturity July 1 1947, subject to call after July 1
1927.
Bonded debt, including this issue, $14,000. As¬
by J. H. Loryea, Clerk
sessed valuation 1907,
St.
$500,000.
Paul, Ramsey County,
Minn.—Bonds Authorized by
Legislature.—The State Legislature has passed the Act au¬
thorizing the issuance of the $1,000,000 capital-approach
bonds mentioned in V. 84, p. 956.
Ohio.—Bond Election.—An
the question of issu¬
bonds for the purchase of the plant of the Salem Water
Salem, Columbiana County,
election will be held May 11 to vote on
ing
Works Co. at
[Vol . LXXXIV.
THE CHRONICLE.
1072
a
Denomination $1,000.
coupon bridge bonds.
March 1 1907.
Interest semi-annually
or
Date
at the office of the
City Treasurer. Maturity $7,000 yearly on March 1 from
1908 to 1927 inclusive and $6,000 yearly on March 1 from
The city will pay all taxes assessed
1928 to 1937 inclusive.
on the bonds in the State of Pennsylvania.
Certified check
(or cash) on an incorporated bank or trust company for
$2,000 is required. Bonds will be certified to as to genuine¬
ness by the United States Mortgage
& Trust Co. of New
York City and their legality approved by J. H. Caldweil Esq.,
of New York City, whose opinion to that effect will be fur¬
nished to purchaser.
Delivery of bonds May 24. Purchaser
to pay accrued interest.
Seguin, Guadalupe County, Tex.—Bonds Voted.—An elec¬
tion held April 2 resulted in a vote of 69 to 16 in favor of a
proposition to issue $6,000 city-hall and fire-station bonds.
Details of bonds and date of sale not yet decided.
Seneca Falls, Seneca County, N. Y.—Bonds Legalized.—
Cli apter 11, Laws of 1907, legalizes the $68,000 coupon sewer
'construction bonds awarded on Oct. 8 1906 to Edmund Sey
muur & Co. of New York City.
See V. 83, p. 927.
cost of $135,000.
Sherman, Grayson County, Texas.—Bonds Voted.—On
Salt April 23 the issuance of the $27,000 4R4% 1-27-year (serial)
this dis¬ high-school-building bonds mentioned in V. 84, p. 956, was
authorized by a vote of 186 td 41.
trict authorized the issuance of the $250,000 4% 20-year
Date of sale not yet
school building bonds mentioned in V. 84, p. 956.
The vote determined.
was 377 to 262.
Smithville, Bastrop County, Tex.—Bond Sale.—This city
San Antonio School District, Bexar County, Tex.—Bond recently awarded an issue of $17,000 5% 10-40-year (op¬
Election.—An election will be held May 10 to vote on the tional) school bonds to T. S. Johnson of Austin at 101.50
Denomination $1,000. Date April 1
and accrued interest.
question of issuing school building bonds.
1907.
Interest semi-annual.
San Diego, San Diego County, Cal.—Bonds Voted.—On
Stamford, Conn.—Bonds Authorized by Legislature.—The
March 12 the electors of this city authorized the issuance of
$795,000 of the $883,600 bonds proposed for the various State Legislature has authorized the issuance of $300,000
Salt Lake City School Dist. (P. O. Salt Lake City),
Lake County, Utah.—Bowls Voted.—On April 20
improvements enumerated in V. 84, p. 410.
San Dimas School District, Los Angeles County, Cal.—
Bond Election Proposed.—The School Trustees are consider¬
ing the advisability of submitting to a vote of tin' people the
question of issuing $20,000 school-building bonds.
bonds.
Steeles Township,
Richmond County, N. C.—Bonds Voted•
—On April 20 the voters of
issuance of road-improvement
this township authorized the
bonds.
Stephenville Independent School
District (P. O. Stephen-
Sandusky, Erie County, Ohio.- Bond Offering.—On ville), Erath County, Tex.—Bonds Voted.—On April 2 this
April 1 the City Council passed an ordinance authorizing the district authorized the issuance of $25,000 public-schoolissuance of $20,000 4% 15-\'ear coupon Scott and Fifth
building bonds by a vote of 252 to 46.
Street sewer-construction (cit y’s port ion) bonds.
1 tenominaSterling, Logan County, Col.—Purchase of Light Plant
tion $1,000. Date March 1 1907.
Interest semi-annually at Authorized.—This
city on April 2 voted in favor of the pur¬
the City Treasurer’s office.
Proposals for these bonds will chase of tiie electric-light plant.
be received until 12 m. May 15 by Alex M. Wagner, City
Stevens Point, Portage County, Wis.—Bonds A'at Sold.—
Certified check for $1,000 is required.
Official
Auditor.
circular states there is no litigation pending, or any threat¬
No sale has yet been made of the $10,000 4% bonds men¬
ening this issue, and that the city has neyerdefaulted in the tioned in Y. 84, p. 710.
Bonded debt, including
payment of any of its obligations.
Sturgeon Bay, Door County, Wis.—Bonds Voted.—On
thisissue, $673,200. Assessed valuation 1907, $7,999,140.
April 4 this city authorized the issuance of the $10,000 6%
Estimated real valuation, $22,000,000.
city-hall bonds mentioned in V. 83, p. 1608, by a majority
Sandusky School District (P. O. Sandusky), Erie County, of four votes.
Ohio.—Bonds Voted.—The election held April 9 resulted in
Sugar Creek Township (P. O. Gomer), Allen County,
favor of the proposition to issue the $35,000 school-building- Ohio.—BowlOffering.—Proposals will be received untl 12 in.
addition bonds mentioned in V. 84, p. 829.
The vote was May 18 by the Township Trustees for $2,000 6% public-hall
357 to 73.
bonds.
Authority Section 2835 of the Revised Statutes of
$500. Date May 1 1907. Interest
Ohio.
Denomination
County
O.
Ill.—Bond
Sangamon
(P.
Springfield),
Offering.
semi-annual.
Maturity
$500 yearly on May 1 from 1909 to
—Proposals will be received until 2 p. m. May 15 by Clias. E.
Certified check on a Lima bank for $100,
1912 inclusive.
Opel, County Clerk, for the $150,000 coupon funding bonds
at not exceeding 4po% interest.
Authority Chapter 133 of payable to the Township Treasurer, is required. Accrued
llurd’s Revised Statutes of Illinois, and vote of 4.078 to interest to be paid by purchaser.
1,368 cast at election held April 16. Denomination $1,000.
Syracuse, Onondaga County, N. Y.—Bond Offering.—
Date July 1 1907.
Interest annually at State Treasurer’s Proposals will be received until 1 p. m. May 13 by II. J.
office in Springfield or at fiscal agency of the State in New Shanahan, City Comptroller, for the following bonds:
York City.
Maturity $15,000 yearly on July 1 from 1908 $225,000 4 % registered hlgh-school bonds. Authority Chapter 659.
Laws of 1905, as amended by Chapter 258, Laws of 1906,
to 1917 inclusive.
Certified check for $5,000, payable to
and Chapter 58, Laws of 1907.
Denominations $5,000.
$2,500 and $1,250.
Date May 15 1906. Interest semi¬
“Sangamon County” is required.
annually at the United States Mortgage & Trust Co. In New
San Jose, Santa Clara County, Cal.—Bond Election Pro¬
York City.
Maturity $11,250 yearly on May 15 from 1907
to 1926 Inclusive.
Bonds will be certified to as to their
posed.—The City Council is considering the advisability of
genuineness by the United States Mortgage & Trust Co. of
calling an election to vote on the qu< stion of issuing city-hall
New York City.
These securities were olTercd on Ap>U 24,
the only bid then received being rejected.
See. V. 84.
improvement and fire department bonds.
p. 1015.
Santa Clara, Santa Clara County, Cal.—Bonds Voted and
Authority Chapter 685,
65,000 4 )4 % registered Sallna school bonds.
Laws of 1892, and amendments thereto.
Denominations
Defeated.—An ('lection held April 8 resulted in favor of the
$1,000 and $1,250.
Date May 15 1907.
Interest semi¬
issuance of $30,000 sewer-extension, $21,000 water, light
annually at the Columbia Trust Co. In New York City.
Maturity
$8
250
yearly
May
from
on
15
1908
to 1927 inand power-works and $9,00 0 school-repair bonds, while a
Bonds will be certliied to as to their genuineness
elusive.
proposition to issue $20,000 town-hall bonds was defeated.
by the Columbia Trust Co. of New York City.
These
securities were olTered on March 5, all bids thin received,
Sapulpa, Ind. Ter.—Bonds Voted.—On April 15 this place
being rejected.
See V. 84, p. 589.
authorized the issuance of the $50,000 sanitary sewerSeparate bids must be made for each issue.
system, water-works-extension and school-building bonds
Tarentum, Allegheny'County, Pa.—Bond Sale.—On April
mentioned in V. S4, p. 887, by a vote of 415 to 6.
22 the 28,060 4^2% coupon grading, curbing, paving and
Saskatoon, Sask.—Debenture Offering.—Proposals will be
sewer bonds described in V. 84, p. 76S, were awarded to the
received until 5 p. m. June 1 by J. II. Trusdale, City Clerk,
Cleveland Trust Co. of Cleveland.
for $125,000 5% improvement bonds.
These securities are
Tekamah, Burt County, Neb.—Bond Offering.—Proposals
part of an issue of $250,000. Interest annually Jan. 1.
will be received until 8 p. m. May 13 by M. S. McGrew, City
Maturity part yearly for thirty years.
Clerk, for the following bonds, mentioned in V. 84, p. 957.
Sault Ste. Marie, Chippewa County, Mich.—Bonds Voted.
$10,000 coupon electric-light-plant bonds at not exceeding 5% interest.
—The election held April 1 resulted in favor of the proposition
Authority Sections 8504-8508, Cobbey’s Statute 1903.
Denomi¬
nation $1,000.
Maturity 5 years, subject to call any time.
to issue $15,000 4% 20-year fire-department-building bonds.
2,500 coupon water-extension bonds at not exceeding 5 % Interest.
Au¬
The vote was 1,033 to 476.
Date of sale not yet determined.
thority Section 132, Chapter 14, Article 1, 1905 Statutes.
De¬
nomination $500.
Maturity 10 years, subject to call any time.
Savannah, Andrew County, Mo.—Bonds Voted.—This
Interest annually at the State
Date of bonds June 1 1907.
city on April 22 authorized the issuance of $35,000 waterfiscal agency in New York City.
Certified check for $500,
works-system bonds. The vote was 350 to 16.
Scranton, Lackawanna County, Pa.—Bond Offering.— payable to M. S. McGrew, City Clerk, is required/ Accrued
interest to be paid by purchaser.
Bonded debt including
Proposals will be received until 11 a. m. to-day (May 4) by
this
issue,
valuation
$27,500.
Assessed
1906, $254,773.
Edward Eiselc, City Comptroller, for $200,000 4% registered
-
May 4
THE CHRONICLE
1907.j
Tisbury (P. O. Vineyard Haven), Dukes County, Mass.—
Bond Sale.—On April 20 the $95,000 4%
coupon
water-
supply-system bonds described in V. 84, p. 887, were awarded
to the Worcester Mechanics Savings Bank of Worcester at
par and accrued interest.
Tomahawk, Lincoln County, Wis.—Bond Offering.—Pro¬
posals will be received until May 7 by the City Clerk for
the $40,000 5% school-building bonds mentioned in V. 83,
p. 1609.
Bonded debt at present $6,400. Assessed valua¬
tion $1,177,010.
Troy, Rensselaer County, N. Y.—Revenue Bond Sale.—
On April 29 the $100,000 4% revenue bonds described in
V. 84, p. 1016 were awarded $50,000 to the Troy Trust Co.
of Troy at par and $50,000 to the National State Bank of
Troy at pax.
Utica, Oneida County, N. Y.—Bonds Authorized.—The
1073
We are informed that application has been made to the.
State for this loan.
Van Buren School District (P. O. Van Buren), Crawford
County, Ohio.—Bond Offering.—Proposals will be received
up to May 20 by the Board of Directors for $20,000 6% school
Date July 1 1907.
bonds.
Interest annual. Maturity
July 1 1927, subject to call after July 1 1912. Certified check
for $250 is required.
A. W. Quarles is Secretary.
Vernon, Conn.—Bond Bill Passes Legislature.—The State
Legislature has passed the bill authorizing this town to issue
$60,000 4% bonds.
Vernon Centre, Blue Earth County, Minn.—No Action Yet
Taken.—No action has yet been taken looking towards the
issuance of the $5,000 water-works bonds voted on March 12.
See V. S4, p. 712.
Viborg, Turver County, So. Dak.—Bonds Not Sold.—No
was made on April 22 of the $5,000 5% 20-year coupon
water-works bonds described in V. 84, p. 830.
Owing to a
construction bonds.
typographical error this item was reported in last week's
Utica, N. Y.—Corrected Bond Offering.—The following issue
under the head of Niborg, Turner County, So. Dak.
bonds were offered at public auction at 12 m. yesterday (May
Vicksburg,
Warren County, Miss.—Bond Election.—This
3) at the City Clerk’s office:
$25,000 41 public-improvement bonds.
Authority Chapter 188. Laws of city will hold an election May 7 to vote on the question of
1906.
Denomination
$2,500.
Maturity $2,500 yearly on
issuing $250,000 sewerage system bonds.
May 1 from 1917 to 1926 Inclusive.
50,000 4 % public-improvement bonds.
Authority Chapter 93, Laws of
Vineyard Haven, Dukes County, Mass.—Bonds Voted.—
1891, as amended by Chapter 131, Laws of 1907.
DenomlAt an election held recently this town authorized the issuance
tion $5,000.
Maturity $5,000 yearly on May 1 from 1927 to
1936 inclusive.
of $95,000 4% water-works-purchase bonds.
There were
Date May 1 1907.
Interest semi-annual. An error in one 52 votes cast, all of which were in favor of the proposition.
of the official advertisements made it appear the first of the
Voth School District (P. O. Voth), Jefferson County,
above-mentioned issues amounted to $50,000 instead of
Tex.—Bond Election.—An election will be held May 13 to
$25,000. This accounts for the fact that the former amount vote
on a proposition to issue $1,000 school-building bonds.
was reported in last week’s issue.
The result of this offering
Waco, McLenon County, Tex.—Bonds Voted and De¬
is not known to us at the hour of going to press.
Uvalde County (Tex.) Common School District No. 6.— feated.—At the election held April 2 the citizens voted in
favor of a proposition to issue $50,000 public-school-improve¬
Bonds Registered.—An issue of $9,000 5% school-house bonds
of this district was registered by the State Comptroller on ment bonds, while propositions to issue $50,000 public-park
April 24. Maturity April 10 1927, subject to call after April and $20,000 bridge bonds failed to carry.
10 1922.
Wadsworth School District (P. O. Wadsworth), Medina
Valley City School District (P. O. Valley City), Barnes County, Ohio.—Bond Offering.—Proposals will be received
County, No. Dak.—Bonds Voted.—An election held recently until 12 m. May 20 by G. G. Geisinger, Village Clerk, for
resulted in favor of issuing $18,000 school-building bonds.
$65,000 4% school-house bonds. Authority Section 3992,
Board of Aldermen has authorized the issuance of $50,000
Mohawk River improvement and $25,000 storm-water-sewer-
sale
NEW LOANS.
NEW LOANS.
^150,000
NEW LOAN
Robertson
County, Tenn.
$1,165,500
Pike Bonds
Scaled bids will be received until JUNE 1ST.
1907, 12 O CLOCK NOON, for the sale of
($150,000 00) One hundred and fifty thousand
Dollars of Robertson County, Tennessee, 4%
Coupon Pike Bonds, to be Issued July 1st, 1907.
to run for 30 years, with 20-year option, interest
payable Semi-Annually.
The assessed value of property In Robertson
County, Tennessee, Is $5,556,570 00.
Robertson County has no other indebtedness
of any kind.
The right to accept or reject any or all bids Is
reserved.
Address all bids to Chas. E. Bell.
CITY OF NEWARK, N.
FOUR PER CENT SCHOOL BONDS
Dated
Sec’y. Spring-
field, Tenn.
'B. C. BATTS.
J. E. WASHINGTON,}• Committee.
J. A. CROCKER,
CHAS. E. BELL.
J
R
DAY
L.
&
CO.,
Principal
City Bonds
EXEMPT FROM
AND
be Registered, or Principal and Interest, at the Option of the Holder
(Tax-Exempt in New Jersey.)
Water Debt of
Other Debt
City
$11,957,000 00
10,968,000 00
Total Debt..
Amount of Sinking Fund
NEW YORK.
New York
may
LEGAL INVESTMENT FOR SAVINGS BANKS AND TRUSTEES IN STATE OF NEW JERSEY
A Sinking Fund of not less than 1% per year is to be set apart to pay these Bonds at Maturity.
87 Wall Street,
BOSTON.
May 1st, 1907.
Due May 1st, 1957.
(Optional after May 1st, 1947.)
Interest Payable May 1st and November 1st.
COUPON BONDS IN DENOMINATIONS OF $500 AND $1,000.
BANKERS.
85 Congress Street,
STATE, COUNTY
CITY TAXES
ing
$22,925,000 00
7,059,902 22
Net Debt
TheWater Plant of the City Is estimated to be worth
to $11,957,000, is a direct charge on the plant, this
lar city debt.
The revenues from the Water
Sinking Fund charges on the total
Assessed Valuation 1906
Department are
Water Debt-
$15,865.097 78
$20,000,000, and as the water debt, amount¬
amount should not be Included in the regu¬
more
than sufficient to meet the Interest and
$284,903,230
300,000
246,070
181,830
Population 1907 (Estimated)
Population 1900 (Census)
Population 1890 (Census)
PERMANENT ASSETS AND LIABILITIES OF THE CITY OF NEWARK, N. J.
DECEMBER 31, 1906. AS FURNISHED BY COMPTROLLER J. H
ERVIN
&
COMPANY,
BANKERS,
(New York Stock
em **
BOMBS
43
Cash and Bonds in the several sinking funds
Real Estate
Personal Property
Water Plant
$7,059,902 22
17,451,551 40
650,500 00
20,000,000 00
$45,161,953 62
LIABILITIES
Bonded Debt City..
Bonded Debt Water
$10,968,000 00
11,957.000 00
IMVESTMLEMT.
Exchange Place,
New York
Drexal Building,
Philadelphia.
BACH ELLER.
ASSETS.
Exchange,
J Philadelphia Stock Exchange.
FOR
J.,
22,925,000 00
ASSETS IN EXCESS OF LIABILITIES
$22,236,953 62
Legal Opinion by Mr. Robert H. McCarter.
PRICE ON APPLICATION.
BONDS wIthout COUPONS
litbograpbed, or part¬
If the latter, then can be
with steei-plate borders, or
ly printed from type.
DELIVERED IN FEW DAYS
Certificates engraved In best manner, or
lithographed and partly printed
ALBERT B. KING &
partly
CO., 206 Broadway, N. Y.
O'. S.
Eippel,
Dealer in Investment Securities
760 Broad Street,
NEWARK, N. J.
1074
THE CHRONICLE.
Revised Statutes.
Denomination $500.
Date May 20 1907.
Interest semi-annual.
Maturity $1,000 each six months
from March 1 1912 to Sept. 1 1916 inclusive, $1,500 each six
months from March 1 1917 to Sept. 1 1921 inclusive, $2,000
each six months from March 1 1922 to Sept. 1 1931 inclusive.
Certified check for 5% of bonds bid for, payable to the Village
Treasurer, is required.
Accrued interest to be paid by
chaser.
bonds.
Waterbury, Conn.—Bond Bills.—The State Legislature
passed bills authorizing the issuance of $400,000 water
$150,000 street bonds; also an issue of bonds for sewer
has
and
pur¬
purposes.
Watertown, Middlesex County, Mass.—Bond Offering.—
Proposals will be received until 3 p. m. May 8 by Charles W.
Stone, Town Treasurer, for the following 4% bonds:
station bonds, mentioned in V. 84, p. 769, by a vote of 843
150.
Proposals for these bonds will be received until
$50,000 Galen Street bonds.
Maturity $2,000 on May 1 from 1908 to 1917
inclusive and $5,000 yearly on May 1 from 1918 to 1923
inclusive
24.000 Mt. Auburn Street bonds.
Maturity $2,000 yearly on Mav 1 from
to
5p.m. May 14 by T. D. S. Hart, City Clerk.
Denomination
$1,000. Interest (not to exceed 5%) payable semi-annually
at the office of the City Treasurer or at the fiscal
agency of
the State of Washington in New York City.
Certifiedcheck
for 5% of bonds bid for is required.
Walla Walla County School District No. 5, Wash.—Bond
Sale.—On April 20 $12,000 1-20-year (optional) building and
water-system bonds were awarded to the State of Washing¬
ton at par for 5s.
Following are the bids:
from
Denomination
$1,000.
Date May 1 1907. Interest pay¬
able at the Fourth National Bank of Boston.
Note Offering.—Proposals will also be received at the same
time and place for a $3,500 note maturing May 1 1908.
Waukesha, Waukesha County, Wis.—Bond Sale.—On
April 22 the $70,000 4% coupon water-works-purchase bonds
described in V. 84, p. 888, were awarded to local parties at
12,000
Walters, Okla.—Bond Election.—An election will be held
May 6 to vote on propositions to issue $10,000 sewerage and
$5,000 street-improvement bonds.
Wapakoneta School District (P. O. Wapakoneta), Au¬
glaize County, Ohio.—Bonds Voted.—On April 23 this district
authorized the issuance of $35,000 high-school-building bonds
by a vote of 394 to 328. Details of bonds and date of sale
par.
Wauseon School District
(P. O. Wauseon), Fulton County,
Ohio.—Bids.—Following are the bids received on April 25
for the $35,000 4J^% coupon school-building bonds
awarded,
as stated in V. 84, p. 1016, to the Western German Bank of
Albert
Minneapolis
People’s Bank, Wauseon.$36,133
00
i
I
Webster, Day County, So. Dak.—Bonds Voted.—On April
village authorized the issuance of $10,000 5% 10-20year (optional) sewer bonds by a vote of 218 to 137.
West Allis, Milwaukee
County, Wis.—Bond Sale —
We are advised that the $20,000 4^% coupon school
16 this
INVESTMENTS.
Walnut
Street,
Mac
Donald,McCoy & Go.,
MUNICIPAL
AND
CORPORATION
CINCINNATI, O.
Sealed bids will be received by the Committee
Ways and Means of the City Council of the
City of Minneapolis at the office of the under¬
signed. THURSDAY. MAY 9. 1907, at 2 o'clock
m.. for the whole or any part of $400,000 00
ty of Minneapolis bonds.
Said bonds bear Interest at the rate of four (4)
per cent per annum, dated July 1st, 1907, and
Municipal,
County,
State,
and
or all bids Is reserved.
A certified check on a national bank for two (2)
per cent of the par value of the bonds, made to
C. S. Hulbert, City Treasurer, must accompany
each bid.
particulars
C.
will
Public
High-Grade
BONDS.
i8x La Salle
Street, Chicago.
Service
Securities
payable July 1st, 1937.
The right to reject any
DAN.
\
KIeyboIte& Co.,
409
BONOS
Circular containing full
mailed upon application to
00
80
00
00
50
00
INVESTMENTS.
8400,000
on
ac(
CIn._$36,580
Seasongood & Mayer, Cln. 36.283
Breed & Harrison, Cln... 36,225
W. J. Hayes & Sons, Clev- 36,198
Hoeliler & Cummings, Tol. 36,162
Hayden.Mlller& Co., Clev. 36,159
36,154
Spltzer & Co., Toledo
Otis & Hough, Cleveland- 36,075 00
Secur.S.B.A Tr.Co.,Toledo. 36,060 00
Emery,Anderson&Co.,Clev 36,055 00
Brighton Germ.Bk.Co..Cln. 36,018 50
S. A. Kean, Chicago
35,805 00
201 E. H. Rollins & Sons, Chic 35,598 50
Dennison & Farnsworth,Cl 36,141 25 !
This county
City of
Cincinnati at 104.514 and
Western GermanBk.
yet determined.
NEW LOANS.
1908 to 1919 Inclusive.
5,000 Waverly Avenue extension bonds.
Maturity May 1 1912.
5,000 drainage bonds.
Maturity May 1 1914.
4,000 town-hall bonds.
Maturity May 1 1909.
State of Washington (for 5s) ..$12,0001 First N. B.,
Barnsvilleifor6s).$l 2,301
Morris Bros., Portland (for 5s) 12,0601 W.D.Perklns&Co.,Seat(for6s)
Washington County (P. O. Potisi), Mo.—Bonds Voted.—
recently voted in favor of issuing $30,000 court¬
house-building bonds.
Washington County (P. O. Washington), Pa.—Bid Re¬
jected.—A bid of par, less $1,000 for attorne3r,s fees and
expenses, submitted by W. J. Hayes & Sons of Cleveland,
was the only offer received on
May 1 for the $100,000 4%
coupon road-improvement bonds described in V. 84, p. 1016.
This bid was rejected.
LXXXIV.
Washington School District (P. O. Washington), Daviess
County, Ind.—Bonds Authorized.—This district has re¬
cently authorized the issuance of $5,000 school-buildimr
Walla Walla, Walla Walla County, Wash.—Bonds Voted.—
Bond Offering.—On April 16 this city authorized the issuance
of the $100,000 20-year gold coupon city-hall and fire-
not
[VOL.
Correspondence Solicited
Blodget, Merritt & Co
,
BANKERS,
Specialists in New Jersey Securities.
be
eisele &
BROWN.
king,
Street, Boston
30 NASSAU STREET, NEW YORK.
state, errr a railroad bonds.
BANKERS,
City Comptroller.
60 State
Members of Hew York and Philadelphia
Stock BsohaDffes.
Adrian H. Muller & Son
AUCTIONEERS.
Private Wires to
N.Y. and Philadelphia.
757-759 Broad St.
NEWARK.
*
F. B. SHERMAN & CO.
Regular Weekly Sales
»f
MUNICIPAL
)
and
STOCKS and BONDS
EVERY WEDNESDAY.
Office
No.
66
WILLIAM
STREET
Corner Pine Street.
COKPOKATION
LIST ON APPLICATION.
SEASONGOOD &
MATER,
Mercantile Library Building,
CINCINNATI.
INVESTMENT BONDS
Llate upon request.
Denison &
Farnsworth,
BOUTON
OLETfiLAND as4 PHILADELPHIA.
MANILA SI8AL AND JUTE
CORDAGE.
bonds
)
205 La Salle Street, CHICAGO
65
Wall
8treet,
New
York.
William R. Compton
Bond & Mortgage Co.
MACON, MISSOURI.
(Established In 1889)
MUNICIPAL AND RAILROAD
BONDS.
The American Mfg. Co.
Whiting Papers
MISSOURI MUNICIPAL BONDS—
School, City, County and Drainage
list gives a wide selection of
many attractive issues in sizes of
$2,000 to $100,000.
Opinion Chicago counsel, full legal
papers furnished
We buy direct and handle nothing
on brokerage
Close buying, large volume and small
profit make our offerings attractive
Our
Send for latest circular
New York, Chicago, St.
Kansas City references
WILLIAM
Louis and
B. COMPTON, President.
4 War dell Building
F«r Fine
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mad lor General Business Uses are
standard, made In Ledger, Bond,
Linen and Fine Writing In variety.
WHITING
New York.
PAPER
Philadelphia.
GO.,
Chicago.
Mills i Uslysks, Mass.
May 4
tions to
building bonds offered on April 20 have been awarded to
E. H. Rollins & Sons of Chicago.
See V. 84, p. 889, for
issue
Wyandot County (P. O. Upper Sandusky), Ohio.—Bond
Offering.—Proposals will be received until 12 m. May 17
by J. N. Traxler, County Auditor, for $5,000 5% roadimprovement bonds. Authority an Act of the General
Assembly passed April 4 1900. Denomination $500. Date
Jan. 1 1907.
Interest semi-annually at the County Treas¬
urer’s office.
Maturity $1,000 yearly on Jan. 1 from 1908
Certified check (or cash) for $300 is
to 1912 inclusive.
required.
Yonkers, Westchesrer County, N. Y.—Bids.—The follow¬
ing bids were received on April 26 for the two issues of 5%
2M-year assessment bonds aggregating $51,750, awarded as
stated in V. 84, p. 1017, to the People’s Savings Bank of
Si., Boston.
Ohio.—Bonds Authorized,
April 22 the City Council passed ordinances providing
—On
for the issuance of the following bonds:
$3,500 5 % coupon Falls Avenue grade-changing bonds.
Denomlnatloy
$1,000, except one bond for $500.
Maturity $1,000 yearin
on Oct. 1 from 1908 to 1910 inclusive and $500 on Oct. 1 1911 .
2,000 5 % coupon Wick Park Improvement bonds.
Denomination $1,000 .
Maturity $1,000 on Oct. 1 In each of the years 1908 and 1909
Interest semi-annually at the City Treasurer’s office.
OFFICE
OF
THE
>
Perry, Coffin ft Burr,
INVESTMENT BONDS.
T
le
Trustees, In conformity
with the Charter of the Company, submit
on the 31s/ of December, 1906.
Risks from 1st January, 1906, to 31st
Policies not marked oil 1st January, 1906
Premiums on Marine
Premiums
on
Losses paid during the year
and previous years
Losses occurred, estimated
1906
$356,457 98
1906, to .list December,
--
which were estimated In 1905
and paid In 1906
$481,959 83
257.367 31
$62,411
tionery. newspapers, advertisements, etc
$344,098
The Company' has the following Assets, viz.:
United States and State of New York Stock, City, Bank and other Securities
Special deposits In Banks and Trust Companies
Real Estate corner Wall and William Sts., and Exchange Place
$4,299,000
Other Real Estate and claims due the Company
...
75,000
Premiums
Expenses, Including
Speer & Sons Co.
Building, Chicago
ROM RQ
&
l|l
■
$309,817 14
1,009,224 32 $1,319,041 46
$107,176 57
150,190 74
Less Salvages
Re-Insurances
Returns of
EatablUked 1884.
UMJ
AND TOWNSHIP
125,501 85
67
98
65
32
$1,061,674 15
BOSTON.
VICKER8
Premiums marked off from 1st January,
Interest received during the yt°.r
Rent, less Taxes and Expenses
affairs
$3,190,241
582,191
$3,772.433
$3,081,714
December, 1906
1
l
I
22d, 1907.
the following statement of Us
-
Street,
COUNTY
COMPANY.
ATLANTIC MUTUAL INSURANCE
Total Marine Premiums
CITY
100.39
Kountze Bros., New York
New York, January
The above book will be furnished
without cost on application to
E. H. ROLLINS & SONS, 21 Milk
First Nat. Bank
I
! .a
Youngstown, Mahoning County,
(By Prank W. RnWna)
H. C.
I
MISCELLANEOUS.
Plea for Conservative
Investments
60 State
l ”
Yonkers.
People’s Sav. Bk.,|Yonkers._100.595|
Financial Courtship
a
bonds.
Wilmington School District (P. O. Wilmington) New
Castle County, Del.—Bond Offering.—Further details are
at hand relative to the offering on May 13 of the $60,000 4%
coupon school-building bonds mentioned in V. 84, p. 1017.
Proposals will be received until S p. m. of that day by Samuel
H. Bayard, Chairman of Finance Committee of Board of
Education.
Authority, Chapter 93, Volume 23, of the Laws
of Delaware, as amended at the 1907 session of the General
Assembly.- Denomination $1,000. Date May 1 1907. In¬
terest semi-annually at the Union National Bank of Wilming¬
ton.
Maturity $20,000 on May 1 in each of the years 1913,
Bids must be made on forms prepared by
1914 and 1915.
the Board of Education.
Bonds to be delivered June 1.
These securities will be certified to as to their genuineness
by the United States Mortgage & Trust Co. of New York
City and their legality approved by Sylvester D. Townsend
Jr., City Solicitor, whose opinion will appear on each bond.
INVESTMENTS.
Or
$400,000 street-improvement and $500,000
water and sewerage coupon
description of these securities.
West Orange, Essex County, N. J.—Bond Offering.—
Proposals will be received until 8 p. m. May 7 by Joseph Mc¬
Donough, Town Clerk, for $146,000 4% gold coupon sewer
bonds.
Denomination $1,000. Date May 1 1907. In¬
terest semi-annually at the Orange National Bank in Orange.
Maturity May 1 1932. Certified check for $1,000 on a State
to
or national bank or trust company and made payable
Edward A. McGuirk, Town Treasurer, is required.
Bids
must be made on blank forms furnished by the city.
Bonds
will be delivered May 15.
Accrued interest to be paid by
purchaser. These securities will be certified to as to their
genuineness by the United States Mortgage & Trust Co.
and their legality approved by J. H. Caldwell, of New York
City, whose opinion will be furnished to purchaser.
White Cloud! Newaygo County, Mich.—Bonds Voted.—
On March 11 this village authorized the issuance of $8,000
25-year village-hall bonds by a vote of 110 to 48.
White Plains, N. Y.—Bond Bill Passes Legislature.—The
Legislature has passed a bill providing for the issuance of
bonds for a garbage-incinerating plant.
Williamsfield Township School District (P. O. Andover)
Ashtabula County, Ohio.—Bond Offering.—Proposals will be
received until 12 m. May 18 by D. R. Morse, Clerk Board of
Education, for $9,000 5% school bonds.
Denomination
$500.
Interest semi-annually at the Bank of Andover.
Maturity $500. yearly from 1909 to 1926 inclusive. Certified
check for $1,000 payable to J. Bush, Jr., Treasurer of Board
of Education, is required.
Willoughby, Lake County, Ohio.—Bond Offering.—Pro¬
posals will be received until 12 in., June 3 by C. C. Jenkins,
Village Clerk, for $6,500 412% Erie Street (series C) improve¬
ment bonds.
Denomination $325.
Dated March 1 1907.
Interest semi-annual.
Maturity $325 each six months from
March 1 1908 to Sept. 1 1917 inclusive.
Accrued interest
to be paid by purchaser.
•
Wilmington, New Hanover County, No. Car.—Bond Elec¬
tion.—On May 7 the electors of this city will vote on proposi¬
A
1075
THE CHRONICLE
1907.J
PHELPS.
-
officers’ salaries and clerks' compensation, sta¬
Premium notes and Bills Receivable
Cash In
hands of European Bankers
countries
—--
11
27
1
00
OO
,000 00
,974 88
----------
to pay losses
-
under policies payable In foreign
271 .142
-
—
-
M
$5,697 ,108 00
700 ,966 67
54
562
.631 63
$12,797
.823 72
Cash In bank
Aggregating
certiorates of profits will be paid to the
Tuesday the Fifth of February next.
29 Wall St.,
be redeemed and paid to the holders thereof,
New York
cr their legal representatives, on and after Tuesday the fifth of February uext. from which date
National Starch Manufacturing Co.
ail Interest thereon will cease. The certificates to be produced at the time of payment, and canceled
A dividend of Forty per cent is declared on the net earned premiums of the Company for the
1st Gold 6%
year ending 31st December, 1906, for which, upon application, certificates will be Issued on and
A dividend of Six per cent Interest on the outstanding
holders thereof, or their legal representatives, on and after
The outstanding certificates of the Issue of 1901 will
after Tuesday
the seventh of May next.
By order of the Board,
G. STANTON FLOYD-JONES.
«• VamilBMruM ItaiUT gulp
•f Au Inn BtogM awe Btlft
Secretary.
TRUSTEES.
JOHN M. GILLESPIE,
Bmb No. 518 Atlantic Building,
48-51 Wall Street.
NEW YORK.
THE
NORTHERN AUDIT CO.
52 Broadway,
CHA8, GRISWOLD
New York
BOURNE, President
Telephone 4692 Broad
GUSTAV A MS I NCR.
FRANCIS M. BACON.
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON H. BROWN.
WALDRON P. BROWN.
JOSEPH H. CHAPMAN,
GEORGE C. Cl.ARK,
CLEVELAND H. DODGE.
CORNELIUS ELDERT.
RICHARD II. EWART,
HERBERT L. GRIGGS.
CLEMENT A. GR1SCOMANSON W. HARD.
MORRIS K. JESUP.
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LKANDER N. LOVELL.
GEORGE H. MACY.
CHARLES H. MARSHALL,
A.
A.
H. H. MOORE.
NICHOLAS F. PALMER,
HENRY PARISH.
DALLAS B. PRATT.
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN L. RIKKR.
W.
DOUGLAS ROBINSON.
GUSTAV H. SCHWAB.
WILLIAM A. STREET.
t
RAVEN. President.
CORNELIUS ELDERT. Vlce-Presliient.
.TAMES L. LIVINGSTON. 2d Vice-President.
SANFORD E. COBB. 3d Vice-President.
CHARLES E. FAY. 4th Vice-President.
I
t
$
if
1076
THE CHRONICLE
[VOL.
^financial
LXXXIV.
financial.
CASURpLu8ND $11,000,000
Title guarantee
Lincoln Trust Company
andTRUST COMPANY
MADISON SQUARE, NEW YORK
176 Broadway, New York.
175 Remsen Street, Brooklyn.
198
BROADWAY & LISPENARD ST.
BROADWAY & 72d ST.
Montague Street,
Loans
Money
Furnishes
Offers out-of-town Banks and dormant accounts of
firms and individuals every
facility of a modern
and
Brooklyn Banking
Dept.
Examines Jk guarantees Real Estate Titles,
on Bond and
Mortgages to Investors.
Receives Deposits subject to
Interest.
Does all Trust
well-equipped Banking and Fiduciary Institution.
Mortgage.
check, allowing
Company Business.
FINANCE COMMITTEE.
In
OFFICERS
HENRY R. WILSON, President
FRANK TILFORD, Vice-President
FREDERICK PHILLIPS, Seer.
OWEN WARD, 2d Vice-President
CHARLES B COLLINS, Cashier
WILLIAM DARROW Jr., 3d V-Pree.
EDWARD C. WILSON, Asst. Treu.
IRVING C. GAYLORD. 4th V-Pres.
JOSEPH Z. BRAY, Asst. Seer.
ROBERT C. LEWIS, Treasurer
G. J. BAYLE8, Trust Officer
Charge of Banking Interests
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H. SCHIFF.
JAMES SPEYER.
EDWARD O. STANLEY
CLARENCE H. KELSEY, President.
FRANK BAILEY, Vice President.
EDWARD O. STANLEY, Second Vice President.
Manager Banking Department.
CLINTON D. BURDICK Third Vice President.
J. WRAY
FRANK
CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer.
L. SNIFFEN
Manager Brooklyn Banking
Department.
1800
1907
The United States Life
Insurance Co.
IN THE CITY OF NEW YOBK
Issues Gauranteed Contracts
JOHN P.
MUNN, M.D., President.
Finance Committee
IllinoisTrust&Savings Bank
CHICAGO
Capital and Surplus,
Pays Interest
-
-
-
$11,800,000.
Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and
Foreign Exchange.
Transacts a General Trust Business.
on
CORRESPONDENCE
JAM£8 R. PLUM
Loath*
CLARENCE H. KELSEY. Pres. Title Goar. A Tr. Oo.
WM. H. PORTER
Pres. Chemical National Bank
or
Good men, whether experienced In life Insurance
not, may make direct contracts with this Com¬
pany, for a limited terrltpry If desired,and secure
for tliemselvee, In addition to first year’s commis¬
sion a renewal Interest insuring an Income for the
future.
Address the Company at Its
Home Office,
No. 277 Broadway, New York City.
,
Hugtueevs.
INVITED
H.
M.
Brinckerhoff,
Formerly General Manager and Eleotrioal
Engineer the Metropolitan West Hide Ele¬
vated HU., Chicago,
Jones, Caesar, Dickinson, Wilmot & Co.
Certified
Public
Accountants, (III.)
SEATTLE
307
Epler Block
SAN
Parsons,
PITTSBURGH
Bldg.
NEW YORK
UiiMatlafactory Operation Investigated.
People’s Bldg.
LONDON
3
00 WALL ST.,
Operation
ELECT ItlCAL, i KOPERTIES
FRANCISCO
Monadnock
MEXICO, D. F.
Apartado, 1403
Wm. Barclay
Examinations, Design, Cons ruction and
YORK
54 WILLIAM STREET
ST. LOUIS
Stock Exchange Bldg.
WITH
Consulting Engineer*
NEW
CHICAGO
Tribune Bidg.
ASSOCIATED
MELBOURNE
(ENGLAND)
Fredericks Place, E. C.
9
(AUSTRALIA)
Queen Street
BEADLE & MAXWELL.
Gas and Electric
ENGINEERS
82 Beaver
THE
SOUTH.
Property and Investments of
Kind in all Southern States.
FINANCIAL REVIEW
METROPOLITAN INVESTMENT CO.,
GKO. B. EDWARDS. President. Charleston. 8. C..
A
Year
Hook
Bound in
of
NEW YORK
ERNEST ABS-HAGEN, C.E., M.E.
ANNUAL.
every
St.,
Examinations and Reports
Statistic*.
Cloth, 17.
Commercial A Financial Chronicle
76* Pine St.. New York.
CONSULTING ENGINEER
Water Supply.
Sewerage Systems.
Power
t'xamtnntimiM n*11 Report*
imrricnn InduNtrial Project*
1 BROADWAY
-
on
a
Plants
l alfn-
(Specialty
NEW YORK
May 4
1907.]
THE CHRONICLE.
xiz
Trust (Companies.
Mercantile Trust Co.
CITY
50
St. Louis, Mo
Member
St. Louis
Clearing House Association
Capital and Surplus, $9,500,000
WM. MAFFITT,
FESTUS J.WADE.
President.
Treasurer
Commenced business Not. 16,
1899
RESOURCES
TRUST
STATE
CO. OLD
STREET.. BOSTON.
BUNKER HILL BRANCH:
City Square. CHARLESTOWN. MASS.
Capital & Surplus,
-
Capital and Surplus,
Acts
TRANSACTS A GENERAL
BANKING
BUSINESS.
ALLOWS INTEREST ON
as Trustee under Railroad and other Mort¬
gages; also as Agent for the Registering
and Transfer of Stock
legal Depositary for Court Funds, and author¬
ized to act as Executor, Guardian, Ad¬
ministrator
and
Trustee.
PHILIP STOCKTON. President.
Charles F. Adams 2d.
George E. Keith.
Orlando H. Alford.
Gardiner M. Lane.
F. Lothrop Ames.
Arthur Lyman,
John S. Bartlett,
Maxwell Norman,
Charles E. Cottlng,
Robert T. Paine 2d.
Alvah Crocker,
Andrew W. Preston
Livingston Cushing.
George A. Draper.
William F. Draper.
Richard S. Russell
Howard Stockton.
Charles A. Stone.
Wllmot R. Evans.
Frederick P. Fish,
Robert F. Herrick.
Francis L. Htgglnson,
Henry C. Jackson.
Galen N. Stone,
Quincy A. Shaw Jr.,
CAPITAL
SURPLUS (Earned) $1,500,000
Transacts a General Banking and Trust
Company Business.
Interest allowed on Deposits Subject to Check.
Trustee under Mortgages, Transfer Agent, and
Registrar.
BOARD OF DIRECTORS:
N. W. Jordan, Chairman.
C. F. Adams 2d,
William A. Gaston,
Rodolphe L. Agassiz,
Acts
John Lawrence,
John S. Lawrence.
Lester Leland.
S. E. Peabody,
Francis Peabody Jr-
Gilmer Clapp,
Russell G. Fessenden,
Gordon Dexter,
William R. Driver
P. L. Saltonstall.
R. Paul Snelllng,
Frank W. Stearns.
F. C. Dumalne,
Charles W. Whittier,
MASS
Trust
and
Trustee under Railroad and other
as
Executor.
Guardian, Administrator and Trustee.
Capital ■
Surplus (Earned)
Royal Robbins,
Henry A. Reuter.
$1,000,000
2,000,000
CHARLES E. ROGERSON, President.
JAMES LONGLEY, Vice-President.
WILLIAM C. WILLIAMS. Vlce-Pres't.
G. E. GOODSPEED, Treasurer.
W. L. WHITNEY, Aset. Treasurer.
HENRY A. FENN, Sec. dcMgr.Safe D.D’t.
H. D. HEATHFIELD, Assistant Sec.
F. J. BURR AGE, Assistant Secretary.
Eugene V. R. Thayer.
Eugene N. Foss,
RUSSELL G. FESSENDEN, President.
CHARLES L. BURRILL. Vlce-Prest. & Treas.
J. H. PERKINS, Vice-President.
C. H. BOWEN, Secretary.
E. A. COFFIN, Asst. Treasurer.
G. W
AURYANSBN
Asst. Sec.
Nathaniel Thayer,
Lucius Tuttle.
Stephen M. Weld.
Charles W. Whittier.
Robert F. Herrick,
The NEW ENGLAND
TRUST COMPANY,
Courts ot Law
Equity. Executors. Administrators.
Trustees, Corporations and
or
Assignees. Guardians,
Individuals.
Deposits Subject to Check
Mortgages and is authorized to act
Elmer P. Howe.
F. Lothrop Ames.
Hobart Ames,Edwin F. Atkins.
Frederick Ayer.
Charles S. Bird.
A. G. Bullock,
Samuel Carr,
as
on
-
CAPITAL $1,000,000
SURPLUS, $2,000,000
Safa Deposit Vaults
Banking Business.
Interest Allowed
.
BOSTON, MASS.
General
a
-
Philip L. Saltonstall,
Philip Dexter,
Eben S. Draper.
Reginald Foster,
George P Gardner,
Trust Company
Transacts
-
Henry O. Underwood.
AND
BOSTON
BOARD OF DIRECTORS:
T. Jefferson Coolidoe Jr.,
Chairman
Gordon Abbott.
Henry S. Howe.
Oliver Ames,
Walter Hunnewell.
Thomas LLiveriuore,
C. W. Amory.
Charles s. .wellen.
Charles F. Ayer,
Samuel Carr.
George v. L. Meyer,
Laurence Minot,
B. P. Cheney,
Ricliard Olney,
T. Jeftersou Coolidge,
Robert J. Paine, 2d,
Charles E. Cotting,
Frederick P. Fish,
Safe Deposit
Boston
COMPANY,
BOSTON, MASS.
$1,000,000
DAILY
BALANCES
SUBJECT TO
CHECK.
TRUSTEE UNDER MORTGAG¬
ES.
TRANSFER
AGENT.
REGISTRAR.
Nathaniel Thayer.
W. Seward Webb.
Sidney W. Winslow.
TRUST
$7,000,000
-
DIRECTORS.
-
AMERICAN
BOSTON, MASS.
$4,000,000
-
Transacts a Qeneral Trust and
Banking Business
Interest Allowed on Deposits Subject to Check-
A
The Proof of Good Service is Constant Growth
COLONY
TRUST CO.
MASS-
Also acts as Trustee under Mortgages and as Transfer
Agent and Registrar of Stocks and Bonds.
Interest Allowed on Deposits Subject to Check.
OFFICERS.
DAVID R. WHITNEY. President.
CHARLES H. DALTON, Vice-President.
CHARLES F CHOATE. Vice-President.
FRANKLIN HAVEN, Vice-President,
JAMES R. HOOPER. Actuary.
HENRY N. MARR. Sec re tar-.
FRED K W. ALLEN. Asst .Sec. &Trea<?.
THOMAS E. EATON, Asst. Treasurer.
FRANCIS R. JEWETT. Trust Omcec
BOARD OF DIRECTOR^
William
uoairman
Endlcott, Chairman.
*
Alfred Bowdttch,
Charles F. Choate,
Fish,
Franklin Haven,
James 1*. Hooper.
James M. Prendergast,
Cochrane,
Oodman.
on Coolidge.
r
D
George S. SUsbee,
Lawrence M. Stockton,
H. Dalton.
Nathaniel Thayer.
George Wtggtesworth.
David R. Whitnev
Dexter.
Dexter,
,m
•
•
Frederick P.
Morris Gray,
Walter C. Bayhes,
Farnsworth,
'
CENTRAL
TRUST COMPANY
OF ILLINOIS,
CHICAGO
Capital, - - Surplus and Profits
-
-
$2,000,000
900,000
CHARLES G. DAWES, President.
W. IRVING OSBORNE, Vice-President,
A. UHRLAUB. Vice-President.
WILLIAM R. DAWES. Cashier.
I,. D. SKINNER Asst. Cashier.
WILLIAM W. OATES, Asst. Cashier.
A. O. MANG, Secretary.
MALCOLM McDowell, Asst Secretary.
BANKING,
SAVINGS AND TRUST
DEPARTMENTS.
ThcTrust Company of
North America
603-505-507 Chestnut St., Philadelphia.
CAPITAL
Valley Trust Co.
Mississippi
Fourth 6 Pine
Sts., St. Louis
CAPITAL, SURPLUS
and
A
GENERAL
FINANCIAL
Maryland Trust Co*
FIDUCIARY
AND
BUSINESS TRANSACTED
BALTIMORE.
DIRECTORS
D. R. Francis
August Gehner
John I. Beggs
Wilbur F. Boyle
James E. Brock
Murray Carleton
Charles Clark
Horatio N. Davis
John D. Davis
Aug. B. Ewing
3. E. Hodman
Chas. H. Huttig
R. J. O'Reilly,MD
Henry W. Peters
H. Clay Pierce
J. Ramsey Jr.
CAPITAL,
Joslah L. Blackwell,
G. Clymer Brooke,
H. Carroll Brown,
John W. Castles.
Saunders Norvell Rolla Wells
Wm. D. Orthwein
OFFICERS
JULIUS S. WALSH. Chairman of the Board
BRECKINRIDGE JONES. President
JOHN D. DAVIS, Vice-President
SAMUEL E. HOFFMAN. Vice-President
JAMES E. BROCK. Secretary
HUGH It. LYLE. Asst. Secretary
HENRY C. IBBOTSON, Asst. Secretary
C. HUNT TURNER Jr.. Asst. Secretary'
LOUIS W. FRICKE. Asst. Secretary
Joseph R. Foard,
-
$2,000,000
Ernest Hoen Jr.,
George C. Jenkins,
Joshua Levering i
Oscar G. Murray.
B. Howell Griswold Jr.,
A. Barton Hepburn,
.James
John T. Hill,
Douglas M. Wylie.
Henry F. Shoemaker
Speyer.
OFFICERS
GRIER
HERSH
President
L. S. ZIMMERMAN
2d Vlce-Prest.
CARROLL VAN NESS
Treasurer
JERVIS SPENCER Jr... Asst. Treasure
IVAN SKINNER
Asst. Secretary
FREDERICK VIERLING. Trust Officer
HENRY SEMPLE AMES, Asst. Executive Officer
CHARLES M. POLK. Asst. Trust Officer
WILLIAM G. LACKEY. Bond Officer
WM. MoC. MARTIN. Asst. Bond Officer
TOM W. BENNETT. Real Estate Officer
GEO. KINGSLAND. Asst. Real Estate Officer
C. W. MORATH, Safe Deposit Officer
NOW READY.
Wisconsin Trust
Co,,
FINANCIAL REVIEW.
MILWAUKEE.
JOS. S. CLARK. 2d Vice-Pres., superv’g Trust Dept.
( IIAS. P. LINEAWLAY ER. See. & Asst.
Trust Olflcer
DIRECTORS.
J. Levering Jones,
Henry G. Brengle,
James Crosby Brown, Malcolm Lloyd.
John Cndwnlader.
John Mcllhenny,
E. W. Clark Jr..
Richard Wain Melre.
Eckley B. Coxe Jr..
Clement B. Ncwbold,
Edwin S. Dixon,
John W. Pepper.
Eugene L. Ellison.
W Ham F. Read.
Joseph C. Fraley.
Frank Samuel.
Adam A. Stull,
Harry <’. Francis.
Edward D. 'Poland,
Henry L. Gaw. Jr..
Howard S. Graham.
Joseph R. Walnwrlght,
Samuel F. Houston.
William I>. Wlnsor.
Acts as
Executor. Trustee.
Registrar.
EtcBecomes Surety.
Complete Set of Safe Deposit
Interest on Deposits
Vaults
-
DIRECTORS
Grier Hersh.
Breckln'ge Jones James E. Smith
Robt. H. Stockton
W. J. McBride
Nelson W. McLeod Julius S. Walsh
$1,000,000
ADAM A. STULL. President.
HENRY G. BRENOLE. 1st V ce-Prcs. & Treasurer.
)*Q gQft 000
PROFITS]
Capital,
Surplus,
Transacts
a
---------
1907 ISSUE.
$500,000
100,000
General Trust Co Business.
-
Buys and Sells
High Grade Investment Bonds.
OFFICERS.
OLIVER C. FULLER. President.
FREDERICK KASTEN. Vice-Preskient
GARDNER P. STICKNEY. Treasurer.
FRED- G. best Secretary
R. L. SMITH. Ass t Secretary
3‘JO
Pages.
yearly book of statistics covering a
of years’ crop figures, money
rates, range of prices for securities, tfco,
A
series
PRICE, TWO DOLLARS.
Commercial & Financial Chronicle,
76*2 ^i110 Street, New York.
THE CHRONICLE.
[VOL.
LXXXIV.
%vust (fiompuuUs.
MANHATTAN
BANKCRS TRUST
TRUST
COMPANY
WALL ST.
Undivided Profits,
8828,069
DIRECTORS.
HEPBURN,
Pres. Chase Nat. Bank, N. Y,
Pres. Bank of the Manhattan
Oe., New York.
THOMAS W. LAMONT,
SAMUEL G. BAYNE,
2d Vice-President.
Pres. Seaboard Nat. Bank, N Y.
GATES W. McGARRAH,
EDWIN M. BULKLEY,
Pies. Mechanics' Nat. B’k, N. Y
Spencer Trask A Co., Bankers,
New York.
EDGAR L. MARSTON,
JAME8 G. CANNON,
Blair A
Vloe-Pres. Fourth Nat. Bk. N Y
Co., Bankers, New York.
J. P. Morgan A Co., Bakers, N.Y.
President.
WILLIAM H. PORTER,
HENRY P. DAVI80N
Pres. Chemical Nat. Bank, N. Y.
▼ice-Pres.first Nat. Bank.N.Y
DANIEL G. REID,
WALTER E. FREW,
EDWARD F.
WATERBUBY, President
JOHN KEAN,
)
SWINNEY,
Pres. 1st Nat. B’k, Knnsew City.
JOHN F. THOMPSON,
Vice-Pros. Nat. Park Bank. N.Y.
EDWARD TOWNSEND,
J. F. THOMPSON
UPON
t
Vloe-Pres. Chase
New Yerk.
Nat.
Bank.
SAMUEL WOOLVERTON,
Pros. Oallatin Nat. Bank, N.Y.
YOUNG,
Pres. 1st Nat. Bank. Jersey City
DEPOSITS.
T- w- LAMONT
to Yion-pansmimr
OFFICERS
vrrivtnOi
vicx-prxsidxnt
E. C. CONVERSE
D/E. POMEROY
B. 8TRONQ JR.
PRMIDBNT
TRAA.8URKB
SSORKTAKT
DIRECTORS.
John Kean.
John J. MtteheU.
George F. Baker.
Oliver H. Payne.
E. D. Randolph
Grant B. Schley.
August Belmont.
Walter P. Bliss.
H. W. Cannon.
EL J. Cross.
Kndnlpb Ellis.
8. L. Bchoonmaker.
John I. Waterbary
Anns Tuck French
R. T wn«m.
Girard Trust Company.
Chartxbxd 1886.
ASSISTANT TRUST OFPICER
ASSISTANT TREASURER
James J. HilL
Frauds R. Appleton.
Bobert Baoon.
CAPITAL and SURPLUS, $10,000,000.
F. N. B. CLOSE
H. W. DONOVAN
The Manhattan Trust Company receives deposits
bearing Interest and subject to cheque, payable
through the New York Clearing House.
Pres.Importexs’ ft Traders’ Nat.
Bank, N. Y.
and Receiver t Registrar,
Trastee for Individuals and corporations.
Transfer and Fiscal Agent i and as
ALLOWS INTEREST
FRENCH,[indents
) rreMae,|W*
AMOS TUCK
W. N. DUANE,
Vice-President.
GILBERT G. THORNE,
EDWARD F. C.
Vloe-Pres. Liberty Nat. B’k, N.Y.
Tioe-Pres. Corn Exch. Ba., If. Y.
▲eta ns Executor, Administrator und Guardian i Assignee
OFFICERS I
JOHN 1.
ALBERT H. WIGGIN,
GEO. W. PERKINS,
EDMUND C. CONVERSE,
$3,000,000.
Surplus 8500,000
A. BARTON
STEPHEN BAKER,
NASSAU, NEW YORK.
Capital, Surplus and Undivided Profits,
7 Wall Street, New York.
Capital 81,000,000
eor.
CO.,
Acte
Executor, Administrator, Trustee,
Assignee and Receiver.
Financial Ageat for Individuals or
as
Corporations.
Interest Allowed on Individual and
UNITED STATES
MORTGAGE & TRUST COMPANY
8th Ave. & 125th St.
55CedarSt.
73rd.St.&B*way
Corporation Accounts.
Trustee of Corporation Mortgagee,
Depositary under Plans of Reorganisation,
Registrar and Transfer Agent.
Assumes entire charge el Real Estate,
Safes to Rent In Burglar-Proof Vaults
Acts
ns
E. B. Morris, President.
W. N. Ely, 1st Vice-President.
A. A. JACKSON, 2d Vice-President.
C, J. Rhoajdb, 8d Vice-Pros, and Treasurer.
Edward s. page. Secretary.
and domestic letters of credit.
Pays interest on deposits, subject to check.
Special rates on time deposits.
Issues foreign
MANAGERSi
hiffliugnam B. Morris,
John A. Brown JrM
Benjamin W. Richards,
John B. Garrett,
William H. Jenks,
William H. Gaw,
Francis L Gowen,
Geo. H. McFadden,
CAPITAL and SURPLUS. $6,000,000.
Henry Tats ail,
Isaac 1L CQothler,
Thos. DeWltt Cnyler.
C. Hartman Kahn
James Speyer,
Augustus D. Jnilliard.
Edward J. Berwlnd,
Randal Morgan,
Edw. T. Stotesbnry.
Charles E. lngersoll,
John Story Jenks Jr.
Henrv B. Coze Jr.
E. (i Felton
N. E. Cor.$Broad and Chestnut Streets,
PHIL.AOEL.PHIA.
ISttfltnejers
GUNN, RICHARDS & CO
PUBLIC
H. M.
ACCOUNTANTS
Byllesby & Co
*9
INCORPORATED
43
EXCHANGE
ENGINEERS,
PLACE, NEW YORK CITY
DESIGN,
CONSTRUCT AND
OPERATE
RAILWAY. LIGHT, POWER,
HYDRAULIC AND
Also
at
CHICAGO—First National Bank
Building.
MONTREAL—Bank of Ottawa
BOSTON—50 Congress Street*
Building.
GAS PLANTS.
Examinations and
Reports.
American Trait Building., OHIOAGO
J. G. WHITE ft co.,
Engineers, Contractors,
BARROW, WARE, GUTHRIE & CO
CERTIFIED PUBLIC ACCOUNTANTS.
43-49
(New York and Illinois.)
Exchange Place.
•
NEW YORK
Investigations and Reports on Electrle
Railway, Gas, Electric Light, and
NEW
Broad
Power Transmission Properties
for Financial Institutions
and Investors.
YORK,
Exchange Building,
Electric Railways, Electric Light and Electric
Power Plants Financed, Designed and Built.
26 Broad Street.
CHICAGO,
Royal Insurance Building.
SAN FRANCISCO.
617 Market Street.
NEW
LONDON, ENGLAND,
18 8t, 8within's
ORLEANS,
Hibernia Bank
Lane, E. C.t Cable, “AdorJest.‘
Bldg.
London
J. G.
Correspondent:
WHITE A CO.,
Limited,
• Cloak Lane, Cannon 8t.« E. C.
Canadian Correspondents:
CANADIAN WHITE CO.,
Montreal.
Principal
Limited*
Philippine Offlee, Manila, P. 1*
May 4
THE CHRONICLE.
1907.]
xxi
’gKJXSt toompHUiZB.
Bowling Green Trust Co*
incorporated 1853.
BROADWAY* NEWBYORK.
26
Unite! states Trust Company of yew M,
Capital, $1,000,000 Surplus, $8,000,000
OFFICERS:
45 and 47 Wall Street.
.
.
President
EDWIN GOULD,
.
WILLIAM H. TAYLOR,
1st Vice-President
CAPITAL,
CHAS. P. ARMSTRONG,
2d Vice-President
JOHN A. HILTON, Sd Vice-Pres. and Treas. SURPLUS
WILLIAM M. LAWS,
.
Secretary
$2,000-000
AND
UNDIVIDED
$12,801,046
PROFITS,
;U
.
DIRECTORS:
paries P. Armstrong,
frank Brainard,
Harry Bronner,
franklin Q. Brown,
Robert O. dowry,
Edmund C. Converse,
Wbl Nelson Cromwell,
Grenville M. Dodge,
A Goepel,
Edwin Gould,
frank J. Gould,
George J. Gould,
John A. Hilton,
Myron T. Herrick,
Edward T. Jeffery,
Winslow 8. Pierce,
Morton F. Plant,
Dick S. Ramsay,
Frederlok B. Sohenok,
Androw Squire,
William H. Taylor,
Edward R. Thomas,
John P. Truesdell, f
R. F. C. Young.
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, Second Vies-Pres.
D. WILLIS
WILFRED J.
CHA9. A.
TRUST CO.
WORCESTER, Atst. Secretary
JOHN A. 8TEWART, Chairman of the Board of Trustees.
Sty* ©mat Campatu| of
xO*eRBoO*
*
JAMBS, Vice-President
AHBRN, Secretary
EDWARDS, 2d Atst. Secretary
HENRY B.
135 BROADWAY, NEW YORK
*
COLONIAL BRANCH: St
Paul
Bldg., 222 Broadway
No. SO BROADWAY,
34TH ST, Sc FIFTH AYE.
No. 100 WEST 1U5TH STREET.
36 Wall Street
WALL STREET BRANCH
:
95
LONDON, E. C.
GRESHAM
STREET,
THIRD AVENUE Sc 14STH STREET.
OHARLHS T. BABNFY, President.
FBBD’K L. ELDH1DGB, 1st Yloe-Presldent.
JOSEPH T. BROWN, 8d Vloe-President.
B. L. ALLEN, 8d Yioo-Prealdent.
WILLIAM TURNBULL, 4th Y.-Pre
fSED'K GORE KING, Sec. and Trees.
J. MoLEAN WALTON, Ant. Secretary.
HARRIS A. DUNN, Ant Tree*arer
OAKLEIGH
JOHN E. BORNE,
THORNE, President
Chairman Executive Committee
Issues Letters of Credit and Travelers
„
!
Allows Interest
TRUST DEPARTMENT:
on
Cheques
Deposits Subject to Check
WILLIAM B. RANDALL, Trust Officer
HARLEM BRANCH:
W. F. LEWIS, Manager.
We refer you
BRONX BRANCH:
BAM BEY Manager.
to
JOTIN
5
I
Rhode
’The
Island
Trust
Hospital
Company,
R. I.
37
PROVIDENCE
01,000,000
91,500,000
304,000
CAPITAL
SURPLUS EARNINGS
UNDIVIDED PROFITS
Royal C. Taft,
Robert H. L Goddard,
Geo. W. R. Matteson,
William D. Ely,
Robert I. Gammell,
William Binney,
William B. Weeden,
Edward D. Pearce,
Robert Knight
John W. Danielson,
Herbert J. Wells,
John C. Pegram,
Lyman B. Go 11,
HERBERT J. W ELLS. President.
EDWARD S. CLARK,Yloe-Presldent.
HORATIO A. HUNT. Vice-President.
WILLIAM A. GAM WELL, Secretary.
PRESTON H. GARDNER, Trust Officer.
CYRUS E. LAPHAM, Asst. Setfy.
JOHN K. WILLIAMS. Asst. Serfy.
HENRY L.8LADHR, Asst. Bec’y.
WALTER G. BROWN. Asst. Sec*v
The audit company
of
New York,
ORGANIZED 1887.
NEW YORK:
48 Cedar Street
PHILADELPHIA.
CHICAGO.
NEW ENGLAND OFFICE:
Isitsn SI4|h 15 State St.. BOSTON.
AUGUST BELMONT,
Acting President.
WILLIAM A NASH,
JOHN J. MITCH KL A
GEORGE W. YOUNG.
Vtoe- Presidents.
EDWARD T. PERINK, Gen’l Mgr. and Trea*.
F. C. RICHARDSON, Assistant Treasurer.
This Company Audits and Investigates Accounts
and makes Physical Examinations of Properties.
Its Certificates and Reports arc Prepared in behalf
of Merchants, Bankers, Corporations. Committees
and others, in strict confidence. The Company also
Devises and Installs Money-Saving System* o'
Keeping Acoonnt.»
'
William D.
Marks, Ph.B.C.E.
Consulting Engineer and Statistician.
WORKS
ELECTRIC LIGHT WORKS.
ELECTRIC RAILWAYS. OIL MOTOR CARS.
(IAS
S39 Park flow Bldg.
New York City.
any
York,
New
Street,
laws of any
for information
point involved in the organization
and taxation of business
Rowland O. Hasard,
Neison W. Aldrich,
Samuel R. Dorrance.
Heward O. Sturges,
Stephen O. Metcalf,
Walter R. Callender,
Gilbert A. Phillips,
Edward Holbrook,
James E. Sullivan,
Benjamin M. Jackson,
John R. Freeman.
Charles 8. Mellen.
Robert W. Taft.
Wall
regarding
DIRECTORS:
©tr.
©OTporatijcm
of the States
corporations under the
or
Territories.
THE WHOLE SECRET
of the success of the
AUTOMATIC TELEPHONE SYSTEM lies in the eHmtoaHon of
It cannot be denied that most of the troubles and much of the expense In
manual system (where operators are used) can be charged to the operators themselves.
girl operators.
the
the
TRUE ENOUGH
faulty al^the time, but some of them are at aU times and aM of them are
than Its weakest link," and the average telephone
subscriber judges the entire service by the poorest he has received.
all operators are not
sometimes.
But “a chain Is no stronger
IN THE AUTOMA 1 1C TELEPHONE
the fallible human operator
perfect telephone service.
SYSTEM
infallible machine, a machine that produces
With the human operator disappear her faults and her expense.
has been displaced by an
The former are many, the latter not
Inconsiderable.
THAT IS WHY
the AUTOMATIC
TELEPHONE SYSTEM, having no operators, can produce a perfect
tetephone
service, prompt, accurate, absolutely secret, at a much lower cost than for Inferior manual
service.
That is why it is a profitable Investment to put your money Into an operating company
that uses the
In the
Automatic Telephone System.
Aberdeen 8. D.
Akron. Ohio.
Allentown, Pa.
Auburn. Me.
Auburn N. Y.
Battle Creek Mich.
Beaver Falls. Pa.
Bellingham
Wash.
Butte. Mont.
Cadillac, Mich.
El Paso, Texas.
Emaus, Pa.
Medford. Wls.
Fall River, Mass
Grand Rapids Mich.
Mt. Olive. Ill.
New Bedford. Mass.
Hastings, Nebr.
Havana, Cuba.
Hazleton. Pa.
Holland, Mich.
Hopkinsville. Ky.
Champaign, Ill.
Chicago, Ill.
Jonesboro. Ark.
Lake Renton, Minn.
Lewiston. Me.
Cleburne. Texas
Columbus. Ga.
Los
Columbus. Ohio.
Daytou, Ohio.
Denver
Our Automatic Telephone System has been adopted
following cities:
Colo.
Lincoln. Nebr.
Angeles, Cal.
Manchester, Iowa.
Marianao, Cuba
Marlon, Ind.
Miamlsburg Ohio.
Oakland. Cal.
Oeean Park Cal.
Omaha. Nebr.
Pentwatcr. Mich.
Portland. Me.
Portland. Ore.
Princeton. N. J.
Richmond, Ind.
Riverside. Cal.
Rochester, Pa.
Rushvllle. Ind.
San Diego. Cal.
San Francisco. Cal.
Santa Monica. Cal.
Saskatoon. Sask., Can.
Sioux City Iowa.
South Bend. Ind.
Spokane Wash.
Springfield. Mo.
St. Mary’s. Ohio.
-i
Tacoma. Wash
Toronto, Junction. Can.
Traverse City. Mich.
Urbana. Illinois.
Van Wert Ohio.
Walla Walla Wash.
Wausau Wis.
Westerly
R
H
'"G It
I.
Wilmington. Del.
Woodstock. N. B.
Can.
AUTOMATIC ELECTRIC CO.,
Van Buren and
Morgan Streets
CHICAGO
U. 8.A.
f
‘i
XXII
THE CHRONICLE
©rrttmi
financial.
STILLMAN, Fvlrsz
COTTON
16 to
MERCHANTS
NEW YORK.
17 PINE ST.
CHICAGO
NEW YORK
RAILROAD BONDS
1856.
in
Street,
CHICAGO.
[CAPITAL
-
$1,500,000
-
GRANGER FARWELL, President
Henry Hentz & Co., CHICAGO CITY MORTGAGES.
COMMISSION MERCHANTS.
16 to 22
William Street, New York.
Execute Order* for Future Delivery
COTTON
At the New York. Liverpool and New Orleans
Cotton Exchanges. Also orders for
IOFFEE
At the New York Coffee Exchange
GRAIN AND PROVISIONS
at the Cnicago Board of Trade and
GRAIN AND COTTON-SEED OIL
At tne New York Produce Excnange
Hubbard Bros. & Co.,
SQUARE.
DOUGLAS SMITH, Vice-President
ALBERT G. LESTER, Vice-President
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION l RAILROAD BONDS.
JOHN BARRY SEARS, Treasurer
JOHN J. BRYANT JR..
LOANS
Secretary
COLLATERAL.
ON
BONDS.
SEND FOR CIRCULARS.
INVESTMENT
SECURITIES.
PEABODY. HOUGHTELING & CO.
181 La Salle Street.
COFFEE EXCHANGE BUILDING.
HANOVER
FARWELL
TRUST COMPANY,
226 La Salle
220 LA SALLE ST.
EGYPTIAN AND AMERICAN COTTON OF ALL
GRADES SUITABLE TO WANTS OF SPINNERS.
Established
Company
BANKERS
22 WILLIAM STREET.
LXXXIV
ffitiattciaL
WOODWARD
&
[VOL.
CHICAGO.
I Established lss*.
NEW YORK.
COTTON
MERCHANTS.
Liberal Advances Made
Edwin L. Lobdell & Co.,
Cotton
on
BANKERS AND
BROKERS,
Consignments.
Hopkins, Dwight & Co.,
Rotunda, Rookery Bids., Chicago.
80 Broadway, New York.
F.H. PRINCE &
BANKERS.
(New York Stock Exohange,
Members-{Chicago Stock Exchange,
( Chicago Board of Trade.
COTTON,
and
CO.,
BOSTON, MASS.
COTTON-SEED OIL.
COMMISSION MERCHANTS.
Room 34. Cotton Exchange Building.
NEW VO UK.
Lehman. Stekn & Co.
Limited, New Orleans. La.
LEHMAN
Bishop, Laimbeer & Co.
Members of New York and Boston Stock Exchanges
Mills
Building.
BROS.,
IS Broad St.
■
©otloti.
INMAN
Orders executed on the abovo Exchange*, as well In
New Orleans, Chicago and foreign markets.
Cotton
&
CO.,
merchants,
AUGUSTA, GA..
Siegfr. Gruner & Co.,
COTTON
MERCHANTS
NEW
Mason Smith &
Co.,
COTTON COMMISSION MERCHANTS,
NEW ORLEANS, LA.
Buyers of Spot Cotton.
Orders for Contracts Exe¬
in
WILLIAM RAY &
COPELAND
COTTON
CO.,
&
CO..
43 Cotton Exchange,
New York.
Orders for future delivery contracts executed on
the New York and Liverpool Cotton Exchanges.
R. H. ROUNTREE &
CO.,
Commission Merchants.
Cotton, Grain, Provisions and Coffee,
NEW
CO.,
Lord’s Court Building,
27 William "treet.
NEW YORK
Tel. No. 161H Broad.
Cotton
Merchants.
fNEW YORK COTTON EXCHANGE
Members NEW ORLEANS COTTON EXCHANGE
NEW YORK COFFEE EXCHANGE
LIVERPOOL COTTON ASSOCIATION
Future Delivery Orders Executed on above Exchanges
Liberal Advances Made on Cot*on Consignments
BROa, New York.
Lehman, Stern & Co.,Ltf
COTTON FACTORS and
BROKERS,
cotton exchange
INMAN & CO
building,
C0MM1SS0N MERCHANTS.
Mew Orleans.
COTTON
BROKERS.
Exchange Bldg., New York.
Members oi N. Y and New oriean cotton Exchanges
and Liverpool Cotton Association.
.
511 Beaver Street, New
SMITH
& HAYNE,
Frank B. Hayne (in Cominendani )
Cotton Brokers,
COTTON
EXCHANGE
BUILDING,
NEW 0KLEAN8, LA.
OKI) Kite h OR FUTURE DELIVERY EXECUTED
IN NEW ORLEANS, NEW YORK AND
1.1 V Kit l'OO!, MARKETS
96 Broadwav,
GWATHMEY
COTTON
<&
CLEMENT
SMITH,
&
Successors to HAVEN & CLEMENT,
1 Nassau
Street, corner Wall Street
Members of the New York Stock Exchange.
Bonds, Stocks, Cotton, Grain.
DICK
BROTHERS
CO„
&
BANKERS AND BROKERS,
30 Broad St.,
Now York.
-
Members ot N.Y. and Philadelphia stock
New York, New Orleans ana Liverpool
Uxchanges,
Oottoo
Exchanges, New York Ooiloe Exchange
GPotton.
Stephen
M. Weld & Co.,
COTTON
MERCHANTS,
82-92 Beaver
Street,
CO.,
New York City.
-
M. Weld »& Co., 80
Liverpool Correspondents, Weld «fe Co.
Correspondents, Alrkkcht, Weld & Co.
Bremen
-
-
New York.
Geo. H. McFadden & Bro.,
CO T TO N
It
New York.
■
MERCHANTS,
49 Cotton Exchange,
Wm. P.Quentell.
BROKERS,
RIEmBERS OF
NEW YORK 8TOUK EXCHANGE.
Boston Correspondents, S.
State St., Boston, Mass.
York.
ORDERS FOR FUTURE DELIVERY EXECU¬
TED IN NEW YORK AND LIVERPOOL EXCHANG ES.
COTTON PURCHASED FOR SPINNERS* USE
1863. |
and Chicago Board ot lTads
Chapman, Selrer & Allen,
Cotton
CO.,
BANKERS AND
Orders for future delivery executed in New Orleans
New York and Liverpool.
Liberal advances made on Cotton consignments.
YOKE.
ROBERT MOORE
l Established
W. T. HATCH & SONS,
141 milk Street, BOSTON, mASS.
LEHMAN
SUCCESSORS TO
GEO.
Exchange Building, NEW YORK.
■
DALLAS. TEX.
the New Orleans, New York.
Liverpool and Havre Markets.
cuted
Cotton
W. R. CRAIG &
YORK.
MEMPHIS, TENN.
.
AND
Bremen Correspondents.
17 South William Street,
Investments.
members New York Stock Exchange.
Nos. 16-22 William Street, New York.
Member* of the Stock, Cotton, Coffee
and Produce Exchanges, New fork.
Hiffh* Grade
R. Goats.
Lheodore H. Price.
Quentell, Coate & Co.,
cor to n ii it o k i; u h,
S2 Beaver Hi reel,
New York
Members N.Y. Cotton
Exchange.
Associate Member* eiveipuoi mutton Association
M E R CIIA
NTS,
NEW YORK.
PHILADELPHIA.
Liverpool Corricspon dents:
FREDERIC ZERKGA A CO.
Bremen Correspondents:
MCFADDEN BROTHERS & CO.
Havre Correspondents:
SOCIETK D’lMPOUTATION ET DE COMMISSION
.
@FedFRASER