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GENERAL LIBRARY)
Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Bankers* Convention Section
Copyrighted in 1910, by William B. Dana Company, New York.
VOL. 91.
Electric Railway Section
State and City Section
Entered at N. Y. Post Office
aa
second class mail matter.
NEW YORK, NOVEMBER 12 1910
gitmucial.
gitxattjcial.
THE FARMERS’ LOAN & TRUST
COMPANY
Harvey Fisk & Sons
Foreign Exchange, Cable Transfers,
Letters of Credit, Payable through¬
NEW
The Company la a legal
YORK
Government,
Railroad
and
Municipal Bonds
depositary for
moneys paid Into Court, and la authorIced to act aa Executor. Administrator,
Trustee. Guardian, Reoelver. and In all
other fiduciary capacities.
Acts aa Trustee under Mortgages made
by Railroad and other Corporations, and
as Transfer Agent and Registrar of Stocks
and Bonds.
Rceeives deposits upon Certificates of
Deposit, or subject to check, and allows
Interest en dally balances.
Manages Real Estate and lends money
on bond and mortgage.
WIU act as Agent In the transaction of
any approved financial business.
Depositary for Legal Reserves of State
Banks and also for moneys of the City of
New Yerk.
Flseal Agent for States. Counties and
Cities.
18-22 WILLIAM STREET
475 FIFTH AVENUE
PARIS
Members of Richmond and Baltimore Stock
Exchanges.
THE LIBERTY
NATIONAL
INVESTMENT SECURITIES
BANK
OF NEW YORK
PHILADELPHIA, represented by
JAMES H. CHAPMAN. 421 Chestnut St.
CHICAGO, represented by D. E. DRAKE,
218 La amis St.
BOSTON, MASS., represented by
JOHN B. MOULTON. 85 Congress St.
The National Park Bank
of New York
I3t BROADWAY
N. W. HARRIS ft CO
BANKERS
Organized 1856.
Capital
Surplus and Profits
Deposits Sept. 1,1910
.
.
$5,000,000 00
12,514,073 17
102,028,899 17
.
RICHARD DELAFIELD.
President.
GILBERT G. THORNE,
JOHN O. McKEON.
Vice-President.
Vice-President.
JOHN C. VAN CLEAF.
Vice-President.
NEW YORK
LONDON
gitmtxjciaX.
BANKERS
out the world
NO. 2368.
MAURICE H. EWER,
Cashier.
WILLIAM O. JONES.
WILLIAM A. MAIN.
Asst. Cashier.
Asst. Cashier.
FRED’K O. FOXCROFT, Asst. Cashier.
Ptn, Stmt, Comer William
NEW YORK
85 Federal St., Boston
Reoelve deposits subject to check
allow Interest on balanoes.
Act as fiscal agents for mnnlcft-
and
palltles
letters
and
erf
Issue
corporations
credit
and
deal
la
BONDS FOR INVESTMENT
LIST ON APPLICATION
John L. Williams & Sons
BANKERS
earner 8th and Main Streets
RICHMOND, VA.
Baltimore
Correspondents:
MIDDENDORF. WILLIAMS
A CO.
THE
Edward B. Smith & Co.
MECHANICS AND METALS
BANKERS
NATIONAL BANK
Fifth Avenue Building
Corner Sth Ave. and ISrd St.. Now York.
Capital, $ I.MI.POS
SECURITIES
Members New York and Phlla. Stock Exchange
33 Wall Street
GARFIELD NATIONAL BANK
INVESTMENT
N. B. Cor. Broad ft Chestnut Sts..
Capital,
Surplus,
$6,000,000
....
Philadelphia
S7 Pine Street. New York
6,000.000
Surplus, S 1,000,000
RUEL W. POOR, President
JAMES MoCUTCHEON, Vioe-Pres.
WILLIAM L. DOUGLASS, Cashier
ARTHUR W. SNOW; Asst. Cashier
ORIGINAL CHARTER 1829
THE
Chase National Bank \
Clearing House Building
Cop. ft Snap., Ul.70f.779
Dep.. $96,750,173
A. B.
A. H.
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
HEPBURN, President
Wiggin, V.-Pres. C. C. Slade. Asst. Cash.
S. H. Miller. V-Pree.
H. M. Conkey. Cashier.
E. A. Lee. Asst. Cashier.
W. E. Purdy, Asst. Cosh.
A. C. Andrews. Asst. Cashier.
OF RAILROAD, GAS AND ELECTRIC
LIGHT AND POWER COMPANIES
109-111 SOUTH FOURTH STREET
PHILADELPHIA
EQUIPMENT OF THE
FOURTH NATIONAL BANK
—CORNER NASSAU AND PINE
STREETS— IS ESPECIALLY
ARRANGED FOR HANDLING
MERCANTILE ACCOUNTS.
Capital
.... $1,000 00a
Surplus tad Profit. (*&n«d>
•
2,460,000
OFFICERS
THE
OF THE CITY OF NEW YORK
OF THE CITY OF NEW YORK
SAMUEL WOOLVERTOM, President
ADRIAN ISELIN JR.. Vice-President
First National Bank
of
GEORGE E. LEWIS. Cashier
HOWELL T. MANSON, Asst. Cashier
Philadelphia
315 CHESTNUT
ACCOUNTS
STREET
INVITED
DIRECTORS
Adrian Iselin Jr.
Chas. A.
Frederic W. Stevens
Samuel Woolverten
Alexander H. Stevens
Charles H. Tweed
Thomas Denny
W. Bmlen Roosevt
Peabody
THE CHRONICLE
II
[VOL. LXXXXI
ftnxfux* (ttt£ !*»««** at gxrceifln Hsjcfeang*.
J. P. MORGAN & CO. Maitland, Coppell & Co., Kidder,
DOMESTIC AND FOREION BANKERS
Wall Street Corner of Broad
52 WILLIAM STREET
NEW YORK
NEW YORK
PHILADELPHIA
DRBXEL & CO,
Corner of life and Cheitnut Streets
MORGAN, GRENFELL & CO, LONDON
HARJES
&
Bills e/ Exchange, Telegraphic
Letters
PARIS
Deposits received subject to Draft
Securities bought and sold on Commission
Interest allowed on Deposits
Foreign Exchange, Commercial Credits
Cable Transfers
drcralar Letters for Travelers available In all parts
of the world
Brown Brothers A Co.,
NEW YORK.
Tranefere,
of Credit
BOSTON.
of
FOREIGN EXCHANGE.
London
And Its Branches.
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara. etc., etc.
TRAVELERS’ LETTERS OF CREDIT
Available throughout the United States
BANKERS.
ALEX. BROWN & SONS, BALTIMORE.
Connected by Private Wire.
No. 23 NASSAU STREET.
Members New York Stock Exchange.
Hems N. Y., Phlla., Boston & Balt. Stock
Exch’s.
Messrs.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT.
t
Buy and sell Bills of Exchange
Letters and make cable transfers on all
0
*
. •
points. Issue Commercial and
BROWN, SHIPLEY & CO.. LONDON
LTD
J. & W.
Seligman & Co.,
BANKERS
NEW
YORK
DRAW BILLS OF EXCHANGE AND MAKE
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE AND CALIFORNIA
Available In all parts of the world.
Execute orders for
the
Bonds and
Travelers’ Credits, available In
V>1 CU.lL an parts of the world.
00.
Draw Bills of Exchange and make Telegraphlo
Transfers to EUROPE. Cuba, and the
other West Indies. Mexico and California.
_
rtf
vl
ft
LONDON
Letters of Credit for Travelers.
Available in all Parts ef the World
ROTHSCHILD.
for Travelers
U nlted
United
States on foreign countries. Including South Africa.
BROTHERS
Buy and Sell Investment Securities
ISSUE LETTERS OF CREDIT
terms.
drafts drawn abroad on all points In the
States and Canada; and drafts drawn In the
BA RING
London. Paris and Vienna.
All V
&5.*"SM7idc.°v«
Securities
favorable
Collect
on
Correspondents of
Issue
Agents and Correspondents of the
Buy and sell first-(Haas In* _
vestment Securities on com- I nUPQtmPTlt
Reoelve accounts
LETTERS OF CREDIT
August Belmont & Co.,
59 Wall Street
mission.
INVESTMENT SECURITIES.
on
COM
STREET, NEW T6BK
BANKERS
& Smiths Bank. Limited.
London,
Messrs. Mallet Freres & Cie., Paris.
Banco Nadonal de Mexico
Union
81 Boulevard Haussmann
PHILA.
56 WALL
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
Issue Loans.
No. 32 Old Broad Street
MORGAN,
Peabody & Co.,
115 DEVONSHIRE STREET BOSTON
Seligman Broihers* London
Seligman Freres <9 Cie.* Fario
purchase and sale of
Aleberg, Goldberg A Co.. Amsterdam
Stocks.
The Anglo and London-Fario National
Bank of San Francisco* Cal.
Graham, Vaughan & Co.,
44 Pine Street, New York.
1R«hmmd&€o.
BANKERS
TAILER&©
BANKERS
INVESTMENT SECURITIES
27 Pine Street, New York
BANKERS
81-88 Pine Street, New York
MEMBERS NEW YORK STOCK EXCHANGE
Lawrence Turnure & Co.
INVESTMENT
Members of the New York Stock Exchange
Winslow, Lanier & Co.,
64-66 Wall Street, Naw York
j
Cablet “Mimosa.”
Letters
Bankers
SECURITIES
of Credit and Travelers’
available the world over.
Cheques,
Bills of Exchange and Cable Transfers.
Deposits received subject to draft. Interest al*
lowed on deposits.
Securities bought and sold on
commission. Travelers'credits, available through¬
out the United States, Cuba, Puerto Rico, Mexico,
Central America and Spain. Make collections In and
Issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank.
Limited.
Paris Bankers:—Heine & Co.
59 CEDA& STREET
Deposits reoelved
subject
Interest allowed
on
to cheque
deposits.
and
Members New York Stock Exchange.
Securities bought and sold on oommlsrion
Act
as
Fiscal Agents.
Dealers In High-Grade Investment Securities.
Lists upon application.
NEW YORK
NSW TOES
Produce
BANKERS
Deposits Received Subject to Draft.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Interest
Deposits. Securities
Sold on
Commission.
Allowed
624 Fifth Ave.. N. Y.
SOT Chestnut Street, Philadelphia,
Capital
Surplus earned
on
Bon gilt end
Foreign Exchange, Letters of Credit
$1,000,000
500,000
-
Foreign Exchange
-
sold.
bought and
.
Cable
of
Transfers.
Commercial and Travelers’ Letters
Credit available In all parts of the world.
Graham &Co.
BANKERS
486 Chestnut Street
ACCOUNTS INVITED
PHILADELPHIA
Kean, Taylor & Co.
HEIDELBACH, ICKELHEIMER ft CO.
BANKERS
ST William Street.
BANKERS.
Government
Securities
and
of
Municipal Bonds,
Railroads, Street
Railways and Gas companies
of established value.
MEMBERS N. Y. STOCK EXCHANGE.
30 FINE
Transact
a
STREET, NEW TORE
Qeneral Foreign and Domestic
Execute orders for purchase and sale of
Stocks and Bonds.
Banking Business
Foreign Exchange Bought and Sold.
Dealers in Investment Securities
Issue Commercial and Travelers’ Credits
available in all parts of the world.
John Munroe & Co.,
NEW YORK
BOSTON
Schulz & Ruckgaber,
BANKERS.
IS William Street,
Members New
_
MONROE &
00., Paris
•
•
Stock
Correspondents of
■
Messrs.
Bremer
„
Bank
Bremen.
Flllale
der
Dresdner
Bank.
Issue Commercial A Travelers’ Credits.
Buy and Sell Bills of Exchange.
Cable Transfers & Investment Securities
as
Financial Agents
Issue Foreign and Domestic Letters of
Credit and Travelers* Cheques
Knauth, Nachod&Kiihne
BANKERS
New York
Exchange.
Fruhllng & Goschen, London.
John Berenberg-Gossler & Co.. Hamburg.
Marcuard, Meyer-Borel & Cie., Paris.
Letters of Credit for Travelers
Commercial Credits.
Foreign Exchange
Cable Transfers.
...
•
York
Act
NEW.TOBK
LEIPSIG, GERMANY
Members New York Stock Exchange.
INVESTMENT
SECURITIES
NOT. 12 1910.]
THE CHRONICLE
jSattkees.
gantf«**.
ftattfeevs.
Millett.Roe & Hagen
Lee, Higginson &Co.
BANKERS
Wm. A. Read & Co.
BOSTON
New York
New York
Desleri In
Members New York. Chicago and Boston
HIGH-GRADE BONDS
Stock Exchanges.
Building*, Prince’s Street,
LONDON, E. C.
S3 Wall Street
BANKERS.
Chicago
HIGGINSON & CO.
I Bank
hi
Investment Securities
Members New York Stock
Excdange
Boston, 15 Congress Street
25 NASSAU STREET,
NEW YORK
Plympton, Gardiner & Co*
BOSTON
BALTIMORE
CHICAGO
N. W. HALSEY ft
LONDON
CO..
Bankers
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed on
Conservative Investments
Fiscal Agents
Deposit Aceounts
for Cities and Corporations
LISTS ON REQUEST
27 William St., New York
ZS2 La Salle Street,
54 Old Broad Street,
LONDON, E. C.
CHICAGO
Rhoades&Company
40
Wall Street, NEW YORK
Philadelphia
San Praacisco
Chicago
BANKERS
45 WALL STREET, NEW YORK
George P. Butler & Bro.
35 Wall Street
Members N. Y. Stock Exohange
High-Grade Bonds
Trowbridge & Co.
State.
Municipal
end
NEW YORK
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BANKERS
Members New York Stock Exchange
Members New York Stook Exohange; Execute
Commission Orders; Deposits reoelved subject to
draft.
Cor. of Wall and Broad Sts.. New York.
Letters of Credit and
Travelers’ Checks
Bonds and Stocks
for Investment
Available
Throughout the World
HARTFORD—86 Pend Street
NEW YORK
111
134 Orange St.
Goldman, Sachs ft Co.
BANKERS
Cable Address, Domino, N. Y.
60 WALL STREET. NEW YORK
CHICAGO
BOSTON
Members of New York A Chicago Stock Exchanges
Blake Brothers & Co.
N
Exchange Place,
Execute orders for purchase and
sale of
Stocks and Bonds
Buy and Sell Foreign Exchange.
CABLE ADDRESS. •‘COLDNESS’*
14 State Street,
NEW YORK
Draw Bills of Exchange and make Cable
Transfers to Europe, Asia, Australia, the
West Indies, Central and South Amerlc and
Mexico.
Issue Letters of Credit for Travelers, avail¬
able In all parts of the world.
NEW HAVEN
Broadway
H. B. HOLLINS & CO.
BOSTON
Tel. 6570-1-2 Hanover
Dominick Bros. & Co.
49 WALL STREET. N. Y. CITY.
Members New York Stock Exchange.
COMMISSION BROKERS
In Railroad,
Municipal and Industrial Securities
Inquiries and correspondence receive prompt and
Issue
Dealers in
NEW YORK CITY
Members New York a Boston Stook Exchanges
Investment
DEALERS IN
Securities
and Cemmereial Paper
Zimmermann & Forshay
BOISSEVAIN & CO.
Member* New York Stock Exchange.
NEW YORK.
Orders executed tor stocks and bonds for Invest¬
ment or on
Members New York Stook Exchange.
A GENERAL BANKING
STOCK EXCHANGE BUSINESS.
Wollenberger & Co.
Specialists in
Foreign Government Bonds
Correspondence Invited.
• and 11 Wall Street. New York.
24 BROAD STREET.
TRANSACT
QUOTATION SHEET WILL BE SENT
REOULARLY ON REQUEST
BANKERS
BANKEBS
Adolph Boissevain ft Co..
Amsterdam. Holland.
courteous attention.
OFFICIAL
Available in all parts of the world.
and other MUNICIPAL BONDS
COMMERCIAL PAPER
INVESTMENT SECURITIES
Commercial and Travelers9
Letters of Credit
margin.
206 Lt Salle Street
-
-
CHICAGO
LEONARD H. HOLE
BIRD S. COLER
Fireip Exchange Bought ni SoM
W. N. COLER 6, CO.
Utters of Credit Issued
BANKERS
AND
Cable
Transfers
to
ad
Ports of
the
World.
43 CEDAR ST„ NEW YORK
INVESTMENTS
BOND & GOODWIN
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
Members New York Stock Exchange
and Boston Stock Exchange.
M Oosfsnss St
BOSVON
111 Broadway
NEW YORK
234 LaSalle St.
CH1CAOO
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St.
Philadelphia
Members New York and Phlla. Stock Exchanges
New York Cotton. Exchange
investment Securities
Shoemaker, Bates & Co.
BANKERS
fNew York Stock Exchange
Membersi New York Cotton Exohangs
IChloago Stock Exchange
INVESTMENT
SECURITIES
37-43 Wall Street. New York
Waldorf-Astoria and 500 Fifth Avo., New York
It
THE CHRONICLE
LVojl.
LXXXXI
gcreelgu.
MONTREAL
DEUTSCHE BANK The Union Discount Co. BANK OF
(Established 1817)
BERLIN W
of London, Limited
CAPITAL paid in
$14,400,000 00
Behrenstrasse 9 to 18
-
89 CORNHILL.
Telegraphic Address. Udlsoo, London.
CAPITAL
847.819.000 Capital Subscribed
Paid-Up
185.172.895 Reserve Fund
11. 200.000.000.
RESERVE
UNDIVIDED PROFITS,
37.500.000
8.750.000
2.900.000
*
M. 105.720.164.
5frȣl STERLING.
Dividends paid during: last ten years:
11. 11. 11. 11. 12. 12. 12. 12. 12. 12 H per cent
NOTICE IS HEREBY
GIVEN that the
RATES OF INTEREST allowed for money on
Brandies:
BREMEN. DRESDEN, FRANKFORT-O-M.,
MUNICH,
HAMBURG.
LEIPSIC,
NUREMBURG. AUGSBURG.
WIESBADEN.
BRUSSELS. CONSTANTINOPLE
deposit are as follows:
At Call, 3% Per Cent.
At 3 to 7 Days’ Notice, 394 Per Cent.
(Berlin) London Agency j
4 Qeorce Yard. Lombard St.,
LONDON, E. 0.
12,000,000 00
681,561 44
Head Office—Montreal
Rt. Hon. Lord Strathcona and Mount Royal,
G. C. M. 0.. G. C. V. O.—Honorary President
R. B. ANGUS. President.
Sir Edw. Clouston, Bart.—V.-Pres. 4s Gen. Mgv
NEW YORK OFFICE,
64 WALL STREET
The Company discounts approved bank and
mercantile acceptances, receives money on de¬
posit at rates advertised from time to time, and
grants loans on approved negotiable securities.
CHRISTOPHER R. NUQENT. Manager.
R. Y. HEBDEN,
W. A. BOG.
J. T. MOLINEUX
f Agents.
Buy and Sell Sterling and Continental Exchange
and the
Deutsche Bank
-
BEST,
The London City &
Midland Bank, Limited,
and Cable Transfers; grant Commercial and Trav¬
elers' Credits, available In any part of the world:
Issue drafts on and make collections In Chicago ana
throughout the Dominion of Canada.
London Office. 47 Threadneedle St., E. C.
F. WILLIAMS TAYLOR. Manager.
HEAD OFFICE
6 Threadneedle Street,
BANCO ALEMAN TRANSATLANTICO
With
(Deutsche Ueberseetsche Bank.)
SUBSCRIBED CAPITAL
Telegraphlo Address: Cinnabar, London.
(57.148.000)
M.
(85.357.000)
(81.625.000)
6,827,000.
-
17,951,568
-
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BERLIN
Kanonlerstrasse 29 to 30.
Branches:
Bahla-Blanca, Buenos
Cordoba, Mendoza, Tucuman.
BOLIVIA: La Paz, Oruro.
ARGENTINA:
CHILI:
FUND,
147 branches in the Provinces of Quebec, Ontario.
Manitoba, Saskatchewan. Alberta and British
Columbia. Good facilities for effecting prompt col¬
lections in Canada. Buy and sell Sterling Exchange
and Cable Transfers. Issue Commercial and Trav¬
elers’ Credits available In any part of the world.
London Agents—The London Joint Stk.Bk., Ltd.
Canadian Bonds
Aires,
MUNICIPAL AND CORPORATION
Berliner
Antofagasta, Concepcion, Iqulque, Osorno.
Santiago, Temuco, Valdivia, Valparaiso.
PERU: Arequlpa. Callao. Lima, Trujillo.
WOOD, GUNDY & CO,
Handels-Gesellschaft,
URUGUAY: Montevideo.
SPAIN: Barcelona, Madrid.
Bills sent for collection, negotiated or
advanced upon.
38.000.009
4,602,157
CROOKALl. )
C. J.
SUBSCRIBED CAPITAL, $95,741,700
PAID-UP CAPITAL, 19,946,187
RESERVE
HEAD OFFICE
HEAD OFFICE MONTREAL
CAPITAL
Rest and Undivided Profits
NEW YORK OFFICE, 63 and 65 Wall St.
W. M. RAMSAY.
1 Agents.
ESTABLISHED 1836
M. 30,000,000.
PAID-UP CAPITAL
M. 22.500.000.
RESERVE FUND
Merchants’ Bank of Canada
London, England.
Branches In all the Principal Cities and
Towns of England and wales.
TORONTO
CANADA
BERLIN, W.f 64
Behrenstrasse 32-33 and Franzoslsche-Straase 42
Drafts, cable-transfers and letters
of credit issued.
London Agents
DEUTSCHE BANK (BERLIN) LONDON AG’Y
GEORGE Y’D, LOMBARD ST.. LONDON. E.C.
Canadian Bonds Bought,
Sold and Appraised
TelegrapMc Address—Handelschaft, Berlin.
ESTABLISHED 1856
W. Graham Browne & Co.
MONTREAL
Banking Transactions of Every Description
Direction der
Disconto-Gesellschaft,
Capital,
ESTABLISHED 1851
-
-
Reserve,-
-
-
-
-
-
goretgtx.
M. 110,000,000
M.
34,500,000
VAN OSS & CO.
BERLIN W„ 43-44 Behrenstrasse
THE
BREMEN. FRANKFORT-o-M.. MAINZ.
HOCHST-o-M., HOMBURG
v.
d. H..
Swiss Bankverein
POTSDAM. WIESBADEN.
LONDON. E. C..
Schweizerischer
53 CornhiU.
Bankverein
Bankverein
$40,476,200
-
Suisse
Hong Kong & Shanghai
Agencies at Rorschach. Chlasso and Hertsau
BANKING CORPORATION
M. 170,000,000.
RESERVE
$14,307,764
M.
LONDON OFFICE, 43 Loth bury,
60,092,611.
Paid-up Capital (Hong Kong Currency)
815.000,000
Reserve Fund/In Gold...315,000,0001
31,000,000
lln Silver.. 16,000.000/
Reserve Liabilities of Proprietors.
15.000,000
GRANT DRAFTS. ISSUE LETTERS OF CREDIT,
E. C.
With the unlimited personal liability
of the following partners:
A. SCHOELLER.
I
M. SCHINCKEL.
|
Dr. A. SALOMONSOHN,
„
E. RUSSELL.
F. URBIG,
Brasilianische Bank
fUr Deutschland
CAPITAL
Branches:
M. 10 000.000 00
Head office: HAMBURG.
RIO DE JANEIRO, SAO PAULO.
SANTOS. PORTO ALEGRE. BAHIA.
Bank fur Chile und
Deutschland
CAPITAL
HAMBURG.
M. 10.000.000 00
WITH
BRANCHES IN CHILE
(BANCO DE CHILE Y ALEMANIA). ANTOFA¬
Capital paid
Surplus,
up,
,,
The
,
•
.
.
National
CORNHILL,
-
-
-
-
Subscribed Capital
Reserve Fund
Frs.22,500,000
WADE GARD’NER, Agent. 36 Wall St.
Discount
LONDON,
LONDON AGENTS:
DIRECTION DER DISCONTO-GESELL¬
SCHAFT. 53 CORNHILL, E. C
rxrnT a
Wiener Bank - Verein
ESTABLISHED 1869
-
$26,342.00$
-
(130.000,000 crowns)
E.
C.
$21,166,625
4,233.325
2,200,000
($5= £1 STERLING.)
NOTICE IS HEREBY
GIVEN
that
the
RATES OF INTEREST allowed for money on
deposit are as follows:
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised
from time to time and for fixed
periods upon
specially agreed terms.
Loans granted
mitvtq
CAPITAL (fully paid)
At Call, 3*£ Per Cent Per Annum.
GASTA. CONCEPCION, SANTIAGO. TEMUCOVALDIVIA, VALPARAISO, VICTORIA; ANDl At 3 to 7 or 14 Days’ Notice, 394 Per Cent.
IN BOLIVIA
(BANCO DE CHILE Y ALEMANIA. SECCION BOLIVIAN A), LA PAZ
AND ORURO.
IN
CHINA. JAPAN, PHILIPPINES, STRAITS SETTLE-
Cable Address—Natdls: London.
Paid-up Capital
NEGOTIATE OR COLLECT BILLS PAYABLE
Frs.75,000,000
Company, Limited
35
Europe
Tel. Address. Voco.
Codes: Hartfleld’s Wall St.. W. U. a Lleber.
Basle, Zurich, St Gall, Geneva
CAPITAL, fully paid,
HAQUE, HOLLAND
Place American Investments in
on approved negotiable securities
PHILIP HAROLD WADE. Manager.
RESERVE FUNDS
-
-
-
(39,000,000 crowns)
$7,900,000
HEAD OFFICE VIENNA
(AUSTRIA)
Austria-Hungary
Aussig a-E., Bielitz-Biela,
Branches in
Agram,
Brunn, Budapest, Carlsbad, Czernowitz, Friedek-Mistek, Graz, Innsbruck
Klagenfurt, Krakau, Lemberg, MarienMeran, Pilsen, Prag, Przemysl,
Prossnitz, St. Polten, Tarnow, Teplitz,
Teschen, Villach, Wr. Neustadfc.
Branch in Turkey
Constantinople
bad,
Not. 12
THE CHRONICLE
1910.]
®atra£tatx.
T
Sanfeev*.
THE CANADIAN BANK
OF COMMERCE
Mackay & Co.,
HEAD OFFICE. TORONTO
$10,000,000
6.000.000
PAID-UP CAPITAL
SURPLUS
NEW YORK OFFICE:
Nos. 16 AND 18 EXCHANGE PLACE
Wm. Gray and C. D. Mackintosh. Agents
Sterling and Continental Ex¬
change and Cable Transfers. Commercial and
Traveler's Credits. Collections made at all points.
Buy and
Sell
Banking and Exchange business of every de¬
scription transacted with Canada.
Edward Sweet & Co.
Members N. Y. Stock
Exchange
Members of the New York
Stock Exchange. Dealers in
Bankers & Brokers
High-Grade Bonds and other
Investment
34 PINE STREET
LONDON OFFICE—2 Lombard Street. E.O
BANKERS IN GREAT BRITAIN.
The Bank of England,
The Bank of Scotland,
Lloyd's Bank. Limited.
Union of London and Smith’s Bank. Limited.
BANKERS
Securities. In¬
allowed on deposits.
terest
NEW YORK
National
City Bank Building
55 Wall Street
ESTABLISHED 1884
NEW YORK
The Bank of
British North America
Established in 1836
Incorporated by Royal Charter In 1840
Paid-op Capital
ESTABROOK & CO.
£1.000.000 Sterling
£620.000 Sterling
Reserve Fund
Head Office:
6 Graoechurch Street. London, E.O.
New York Office: 62 Wall Street.
H. M. J. McMICHAEL.lAgents.
W. T. OLIVER.
J
Buy and sell Sterling and Continental Exohange
and Cable Transfers.
Grant Commercial and
Travelers’ Credits, available In any part of the
world.
Issue Drafts on and make Collections
In all parts of the United States and Canada.
BANKERS
Electric Light, Power and Street
Railway Enterprises with records
of established
earnings
Members New York and Boston
Stock Exchanges
INVESTMENT SECURITIES
WE OFFER
(5 State Street,
24 Broad Street,
HARTFORD
BOSTON
HEW YORK
-
BALTIMORE
OHAS. MEREDITH.
President.
J. J. REED.
Vloe- President.
G. W. FARRELL, Secretary-Treasures.
A. H. B. MACKENZIE, Manager.
DIRECTORS:
ALFRED BAUMGARTEN
C. R. HOSMER
Oapt. D. C. NEWTON (Montreal)
H. ROBERTSON
C. B
GORDON
MONTREAL
Bankers
Proven
CHICAGO
C. Meredith & Co., Limited
Bond Brokers and Financial Agents
WE FINANCE
and Investment Dealers
Public Utility Securities
Correspondence Solicited
ELECTRIC BOND ft SHARE CO.
R. L. DAY & CO.
37 Wall St.
35
(Paid-Up Capital and Surplus, $4,900,000)
71 BROADWAY
NEW YORK
BOSTON
HIGH-GRADE INVESTMENT BONDS
Munlolpal and Railroad
WILLIAM P. BONBRIGHT ft COMPANY
BANKERS
Mem berg New York and
Boston Stock Exchanges
Members of the New York Stock
Colorado
Springs
COLORADO
Canadian
Investment Securities
NEW YORK
Congress St.
24 Broad Street
NEW YORK
Exchange
London
‘
ENGLAND
Electric Power Securities
Tucker, Anthony A Co.
BANKERS & BROKERS
CORRESPONDENCE SOLICITED
DOMINION SECURITIES
CORPORATION, LIMITED
Toronto
Montreal
94 BROAD ST.,
51 STATE ST..
BOSTON
NEW YORK
NEW BEDFORD
NORWICH
SIMON BORG & CO.,
Members Boston and New York Stock
BANKERS
Exchanges.
London, Eng.
Members of New York Stock Exchange
No.
20 Nassau Street,
-
New York
HUNT A CUSHMAN
THE
Investment Saourltlaa
INVESTMENT TRUST CO.
LIMITED
Trustees-Transfer
Agents
BOND DEPARTMENT
Canadian
St., BOSTON
BERTRON, GRISCOM & JENKS
CANADA
40 Wall Street.
NEW YORK.
Land Title Building.
PHILADELPHIA.
INVESTMENT SECURITIES
HANSON BROS.
Dealers In
Canadian Investment Securities
Send for our circular giving details
W. James Street
INVESTMENT SECURITIES
Alfred Mestre & Co
BANKERS
BANKERS
Corporation Bonds
MONTREAL
35 Congress
HIGH-GRADE
MONTREAL
H. AMY & CO.
BANKERS.
44 and 46 Wall Street, New
in
Municipal, Railroad and
Equipment Bonds.
Interest allowed on deposits
Subject to Draft.
York
INVESTMENT SECURITIES
Bills of Exchange.
Members of the New York
Stock Exchange.
Dealers
Letters of Credit.
37 Wall 8t.
NEW YORK
130 ft. 15th St.
PHILADELPHIA
▼1
THE CHRONICLE
[Vol.
LXXXX1.
gauhtxs vend %xtfatx% antsidz gew ^oxK.
PITTSBURGH.
LOUISVILLE.
We Buy and Sell
PORTLAND, ORE.
INVESTMENT BONDS
J. J. B. HILLIARD & SON
(NO STOCKS)
LOUISVILLE, KY.
J. S. &. W. S. KUHN
BANKERS AND BBOKEB8
INVESTMENT BONDS
STREET RAILWAY SECURITIES
A Specialty
Incorporated
of
Pittsburgh, Pa.
James S. Kuhn,
L. L. M’CIelland.
President.
See. & Trees.
MORRIS BROTHERS
PORTLAND
PHILADELPHIA
NEW YORK.
Municipal and Corporation
BONDS
Correspondents: WALKER BROS., 71 B’way. N. Y.
PACIFIC COAST SECURITIES A SPECIALTY
PAID-UP CAPITAL. >500.000
John W. & D. S. Green
CHILDS & CHILDS
STOCKS AND BONDS
INVESTMENT SECURITIES
SAN FRANCISCO.
LOUISVILLE, KY
J. C. WILSON
Members
New York and Pittsburgh Stock Exchanges
and Chicago Board of Trade
NASH VILLE~
SECURITIES.
INVESTMENT
Union Bank Building,
HENRY
S. FRAZER
Local Stocks and Bonds
PITTSBURGH, PA.
H. P.
Taylor & Company
PITTSBURGH
INVESTMENT SECURITIES
NEW YORK
Singer Bldg.
.„d
368 Fourth Ave.
Bankera and Broker*
8T00KS
BALLARD
AND
BONDS
NASHVILLE.
TENN.
on
AUGUSTA.
&. McCONNEL
JOHN
W. DICKEY
Securities
LOS ANGELES.
James H. Adams & Co*
ST00K AND BOND BROKERS
28 South Third Street,
PHILADELPHIA
Offerings of Southern Bonds
and Stocks
WILLIAM
proposed Investments.
E.
AND
California
Chestnut and Third Sts.,
Philadelphia.
a
LOS ANGELES
SOUTHERN
MUNICIPAL BONDS
HUNTOON
Issues
Specialty
SAN FRANCISCO
BUSH
ATLANTAT
fPHILADELPIA STOCK EXCHANGE
MEMBERS^ NEW YORK STOCK EXCHANGE
l CHICAGO BOARD OF TRADE
CORPORATION
Correspondence Invited
Established 1887
AUGUSTA, GA.
& co.
PUBLIC
BONDS
Wm. G. Hopper & Co.
Investments receive our special attention.
In¬
formation cheerfully furnished regarding present
SAN FRANCISCO
Member The Stock and Bond Exchange
MUNICIPAL
WANTED
A
PACIFIC COAST SECURITIES
AUGUSTA. GA
Southern
REED
Wakefield, Garthwaite & Co.
let Nat. Bank Bldg..
W. G. HOPPER,
H. S. HOPPER,
Members of Philadelphia Stock Exchange.
j. w. sparks
LOS ANGELES
Branch. Coronado Hotel. Coronado Beach.
ContApondents,
Harris. Win thro p & Co.. New York & Chicago
BROKER
PHILADELPHIA.
or
SAN rRANOISOO
We Invite Requests for Information
Members Pittsburgh Stock Exchange
Commonwealth Bldg.
PITTSBURGH. PA.
holdings
IStock and Bond Exchange. S. F.
Private Wire to Chicago and New York.
COT
THOS. PLATER &
INVESTMENT SECURITIES
Quotations ana Information Furnished
PITTSBURGH SECURITIES
fNew York Stock Exchange.
MEMBER!Chicago Board of Trade.
YIELDING 4H% TO 5\i%
WILLIAM R. STAATS CO.
CALIFORNIA
Municipal and Corporation Bonds
TO YIELD
4\b% TO 6%
LOS ANGELES
PASADENA
Specialists In
INACTIVE
411 Chestnut St..
SECURITIES
-
Philadelphia, Pa.
E. B. JONES
THE ROBINSON-HUMPHREY CO.
ATLANTA, GEORGIA
BARROLL & CO.
Legal Bonds
BONDS
&, CO.
BONDS
Morris
PHILADELPHIA
Building,
HILLYER TRUST CO.
Capital and Surplus, ... $300,000
MONTGOMERY.
MOTTU & CO.
B. W.
Established 1892.
AND BROKERS
COLSTON, BOYCE & CO
INVESTMENT SECURITIES
MEMBERS
LOS
ANGELES STOCK EXCHANGE
LOS ANGELES.
BUFFALO.
BROKERS
INVESTMENT BONDS
SOUTHERN SECURITIES
STOCKS AND BONDS
BUFFALO, N. Y.
Government, Municipal
and
Corporation Bonds
SPECIALISTS IN
Buffalo and Western New York Securities
PROVIDENCE.
MEYER & GOLDMAN
Richardson & Clark
STOCKS AND BONDS
26
OFFICES:
JOHN T. STEELE
Member, Baltimore Stock Exchance
BIRMINGHAM, ALABAMA.
ALBANY. N.Y.
Exchange Street, Providence, B. I.
PETER J. CALLAN
Bonds, Stocks and Local Securities.
Local, Listed and Unlisted
INVESTMENT BANKER
BIRMINGHAM, \
MONTGOMERY,!
ALABAMA
Private wires to Boston, Philadelphia
and New
MEMPHIS.
York
NEW JERSEY.
1NO. L. NORTON
Local Stocks and Bonds.
86 Madison Avenue.
FIELDING J. STILSON CO.
BALTIMORE
Otto Marx & Co.
MEMPHIS.
Los Angeles.
MONTGOMERY, ALA.
BIRMINGHAM, ALA.
AND
Strassburger
SOUTHERN INVESTMENT SECURITIES
NORFOLK, VA.
BANKEB8
H. W. Heilman Bldg
ATLANTA, GA.t
NORFOLK, VA.
BANKERS
Merchants'Exch. Bldg.
San Francisco.
-
.
TENN.
STOCKS AND BONDS
REAL ESTATe
DENVER. COL
EDWIN R. CASE
NEW
JERSEY
No better State
SECURITIES
No better Seourltle
15 EXCHANGE PLACE
Tela. S86 and 751
JERSEY CITY
CALVIN BULLOCK
INVESTMENT BONDS
COLORADO SECURITIES
THE CHRONICLE
Not. 12 1910.]
to
ffan&evs ana ^xrafuvs outside Itcw %o*fe.
CHICAGO.
ST. LOUIS.
CLEVELAND.
■
ri-r-i
National
BANKERS
Corner Clark and Randolph Streets,
Chicago.
High-Grade Investment Securities.
Chicago First Mortgages and Bonds tor sale.
Issue Letters of Credit for travelers,
all parts of the World.
available In
Correspondence Solicited.
Send for our
latest lists of Securities.
Sanford F. Harris A Co.
DIVESTMENT SECURITIES
CHICAGO
Slaughter & Co.,
BANKERS & BROKERS
189 MONROE STREET.
CHICAGO,
Members:
ILL.
York Stock Exchange.
York Cotton Exchange.
York Coffee Exchange.
York Produce Exchange.
New
New
New
New
of $3,500,000 00 bonds Is a first
property and plants valued In excess
Of $8,000,000 00.
The net earnings of the
Company extending
over a period of nine
years slm e Its organization
have averaged $1,219,649 09 per annum,
or
approximately Four times the Interest and
sinking fund requirements.
The mortgage provides that the liquid assets
of the Company shall at all times be of an amount
at least equal to the aggregate debts of the
Company, Including the outstanding bonds of
Chicago Stock Exchange,
Chicago Board of Trade,
St. Louis Merchants’ Exchange.
Allerton, Greene & King
RAILROAD. MUNICIPAL AND
CORPORATION BONDS
Price and particulars on
application
A. G. Becker &
Co.,
(INCORPORATED.)
8. W. Cor. Monroe & La Salle Sts., Chicago.
KANSAS CITY, MO.
Hayden, Miller & Co.
Investment Bonds
Citizens' Building.
CLEVELAND. OHIO
One Wall Street
Joseph T. Elliott & Sons
McCRUM
Members Indianapolis Stock Exchange
Kansas City Ry. A Light
Western Municipals.
Local Securities.
WHITAKER
& CO.
I WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Missouri & Illinois
Fletcher Bank Bldg
Municipal Bonds
To net \lA% to
Grcular
on
300 N. FOURTH
ST.
-
%VLQlMZXZ.
J. G. WHITE & CO.
Compton Co.
CHICAGO
sAAWAseMMAAMMnnanamuuvuuuu
H. M. PAYSON & CO.
Investment Securities
MAINE
Ohaa. H. Payson Geo. S. Pavson Herbert Pay son
CHICAGO
H. U. WALLACE
ENGINEER
CINCINNATI
EDGAR
FRIEDLANDER
CINCINNATI.
OHIO
Examinations, Reports, Surveys, Supervision of"
construction and operation of Electric and SteamRailroads. Power Plants, Transmission lineal
Central Stations and Irrigation projects, Ac.
Ex-Supt. Illinois Central RR.: Chief Engineer
Illinois Central RR.; and Gen’I Manager Chicago •
Lake Shore A South Bend Electric Railway.
Marquette Bldg.
CHICAQO ILL.
Bdmond C. Tan Diest
Robert MeF. Doble
Thomas L. Wilkinson
PROVIDENCE.
ALBERT P. MILLER Jr
Associated
i--innnrinan.-i-Lna-iaT.n
High Class 6% Bonds
50% Stock Bonus
Write far particulars
BURGESS
Member Rochester Stock Exchange
ROCHESTER. N. Y.
Engineers Co.
Examinations, Reports Construction, Operation,
irrigation Enterprises a Specialty
U7Century Building
DKNVER
COLO.
EstaDisned 1889.
Local Securities
Gas, Electric Lighting & Railway A.
Bonds and Stocks
L.
REGISTER A CO.
Suooemors to
Pepper A Register
ENGINEERS & GENERAL CONTRACTORS
111 North Broad Street
BODELL &
ROCHESTER, N. Y.
SIXTY
WALL ST.,
NEW YORK
Reports for Financing
for Investment
....
a
Public Utilities and Industrials
INDUSTRIAL TRUST CO. BUILDINQ
EstaL’lshed 1884
104-105 Wilder Bldg.
C. G. YOUNG
Mem. Am. Soc. C. B.
PROVIDENCE, B. I.
JOHN A.
J. G. WHITE A GO* Limits*,
9 Cloak Lane. Cannon St., E. C.
High-Grade Bonds
Cincinnati Securities
PORTLAND, MAINE
"...
Designed and Built.
London Correspondents:
Dealers In
DEALER IN
MINNEAPOLIS. MINN.
MUNICIPAL A CORPORATION BONDS
Twin City Rapid Transit System Bonds
lianeapolis National Bank Stocks
Railways, Electric Light and Powor
Plants, Gas Plants, Financed,
Engineering and Construction
Plans, Methods, Operation
Edwin White & Co.
WELLS & DICKEY & CO
Electric
MUNICIPAL
and other
HIGH-CLASS BONDS
DEALT IN
San Francisco, Cal.
Investigations and Reports on Electric
Railway Qaa, Electric Light and Power
Properties. Irrigation Systems, Ac.. for
Financial Institutions and Investors.
205 LaSalle St.
WEIL, ROTH & CO.
MINNEAPOLIS.
Exchange Place, NEW YORK
Chicago, Ills.
CINCINNATI.
State Savings Bank Bldg., St. Pout
Engineers, Contractors
ST. LOUIS
43-49
Mehta .-Laclede Bldg.
8T. LOUIS
INDIANAPOLIS
.
5%
application
.jvvuvxrijxrLfvvYVY^-.-i-i---'-''—-
Twin City Rapid Transit 5s, 1928
Minnesota Transfer Ry. 5s, 1916
St. Paul Oas Light Co. 6s, 1944
City of St. Paul 4 Hi
Twin City Telephone Co. 1st 5s
Correspondence Invited on^
all Northwestern Securities
NEWTON TODD
High Grade
Issues.
SAINT PAUL
INDIANAPOL
American Nat. Bank Bldg.,
CIRCULARS AND UST ON APPLICATION
KANSAS CITY. MO
Investment Securities
In St. Louis at 410 Olive Street
INVESTMENT 00.
GUARDIAN BUILDING
INDIANAPOLIS.
COMMERCIAL PAPER
PORTLAND
MEMBERS CLEVELAND STOCK EXCHANGE
A. G. EDWARDS & SONS
Application
on
H.
STOCKS AND BONDS
OF CLEVELAND AND NORTHERN OHIO
this Issue.
William R.
W.
LISTED AND UNLISTED
on
THE ROOKERY. CHICAQO
List
BORTON
ROOKERY
THE
A. O.
Issue
&
INVESTMENT SECURITIES
eal Estate 5s
Due June 1, 1929.
Interest payable June and December.
This
BORTON
Enameling & Stamping Co.
Refunding First Mtge
mortgage
General Domestic and Foreign BanklngBuslness.
FRED. S. BORTON
T. E. BORTON
R. C. ENWRIGHT
$100,000
QREENEBAUM SONS
CO.
gttflitwees.
809 TO 809 BAN1QAN BUILDING
PROVIDENCE
Philadelphia.
H. M. CHANCE
ConmlHnt Minin. Ea«t..« and Uaoloaiit
Bonds and Preferred Stocks
of Proven Value.
GOAL AND MINERAL PROPERTINS
Examined, Developed, Managed
587 Drexel Bldg..
PHILADeLP HI A. PA
«
Till
THE CHRONICLE
[VOL. LXXXXI
Hankers and Hvakevs.
ERVIN & COMPANY
A. B. Leach & Co.,
BANKERS
~«w.$New York Stock Exchange,
BANKERS
(Philadelphia 8tock Exchange,
149 Broadway, NEW YORK
BONDS
940 Dearborn Street, CHICAGO
FOR INVESTMENT.
Drexel
Building, Philadelphia.
NATIONAL BANK
OF CUBA
Capital, Surplus and
undivided Profits
Assets
Gash in Vaults - -
BOSTON
PARKINSON &, BURR
Branches
CARDENAS.
C1ENFUEGOS.
MANZANILLO,
GUANTANAMO.
SANTA CLARA,
MATANZAS,
SANTIAGO.
CAIBARIEN,
SAGUA LA GRANDS)
CAMAGUEY,
SANCT SPIRITUS.
CAMAJUANI,
CRUCES,
CIEGO DE AVILA,
HOLGUIN.
NEW YORK AOENCY—1 WALL ST.
BANKERS
C I. HUDSON & CO.
Collections
YOBS.
7 Wall Street
63 State Street
NEW YORK
BOSTON
Exchanges
leakers New York and Chicago Stock
■
Cable AddreM—Banconao
E. W. CLARK & CO.
in all Markets
BANK
Thomas L. Manson&Co.
Members Phila. and New York Stock Exchanges.
Interest allowed on deposits.
New York Correspondent.
Bank!
STOCK BBOKBBS
George P. Schmidt
and Boston Stock
100 Broadway,
■
J. Prentice Kellogg
William A. Larned
Chas. H. Blair Jr.
Frederic Gallatin Jr.
Albert R. Gallatin
Exchanges
NEW YORK
CARLOS DE ZALDO. President
v
JOSE I. DE LA CAMARA. Vice-President
John E. Gardm l
Alvin W. KrechiNew
James H. Post J
Members N. Y. Stock
111
Private Wires to Boston. Hartford. New Haven
and Philadelphia
Capital, $1,000,000
Exchange
Broadway
LADD
HEW YOBE CITY
6, TILTON
PORTLAND
A, M. KIDDER & CO.
BANKERS
5 NASSAU STREET. NEW YORK.
Established 1865
MEMBERS OF N. Y. STOCK EXCHANGE.
Allow interest on deposits subject to sight check.
Bay and fell on commission stocks and bonds, and
H. G.
MEMBERS N. Y. STOCK EXCHANGE
Transact
WALKER BROS.
71 BROADWAY, N. Y.
INVESTMEMT
William Herbert & Co.
11 PINE STREET,
J. S. Farlee.
-
NEW YORK
INVESTMENT
and
Phila.
Stock
Exchanges
,
Orders for Stocks and Bonds executed upon a!’
Exchanges In this country and Europe.
Especial attention given to supplying hlgh-olasr
INVESTMENT SECURITIES.
Interest Allowed
on
Deposits Subject to
MBS
11 WALL ST.. N. Y.
D. H. Schmidt & Co.
No. 10 WALL STREET.
Y.
SECURITIES
HARTFORD, CONN.
BANKERS AND BROKERS.
N.
W. S. Tarbell.
Brokers and Dealers in
JOHN H. DAVIS &, CO.
Members
H. L. Finch.
MEMBERS NEW YORK STOCK EXCHANGE.
Building
Checks,
Members New York Stock
Exchange,
Investment Stourltlta
2T
WILLIAM
STREET
NEW
Street. New York.
,
Bonds.
Stock
W« Ho
j
Exchange
Telephones
111 BROADWAY
4480-1-2-3-4 Rector
HEW YOBK
Exchange
E. & C. RANDOLPH
.
Goadby & Co.
Bankers and Brokers
Members
Ill
NO. 74 BROADWAY,
Philadelphia
MEMBERS
NEW YORK STOCK EXCHANGE
PHILADELPHIA STOCK EXCHANGE
Effingham Lawrence & Co.
Members N. Y. Stock Exchange
BANKERS
III BROADWAY, NEW YORK
DEALERS IN
Bonds and Guaranteed Stooks
Orders Executed In all Markets.
OTTO JULIUS MERKEL
S9 Wall Street, New York City.
York
Bonds, Investment Securities
Stocks
BROKER
44 AND 46 WALL STREET. NEW YORK
Members New York Stock
Investment
BONDS
Dash orders only in stocks accepted
facility consistent with good banking.
MELLOR & PETRY
GorranooBdauoa Invited
Simpson, Pearce & Co.
VICKERS & PHELPS
Members of New
every
INVESTMENT SECURITIES
Jas. B.
Members
N. Y. Stock Ex.
Accounts of Banks, Firms, Corporations and Individual*
solicited.
We are prepared to furnish depositors
YORK.
1910
Colgate & Co.
S6 Wall
Interest paid on Time Deposits and Savings Aeoonnta
SECURITIES
J. S. FARLEE & CO.
EXCHANGE
OFFICERS.
W. M. Ladd, President.
R. S. Howard Jr., Asst.Cask
B. Cooklngham, V.-Pres. J. W. Ladd, Asst. Gasblar.
W. H. Dunckley, Cash.
Walter M. Cook, Asst. Cash.
104 SOUTH FIFTH ST.,
Members N. Y. Stock Exchange
Securities Bought ft Sold on Commission
Hanover Bank
General Banking and Stock
Exchange Business.
a
Norman S. Walker Jr.
John Y. G. Walker
Ex. Norton
Campbell & Co.
MEMBERS N. Y. STOCK
Capital Fully Paid - - - $1,000,000
and Undivided Profits $600,000
34 NASSAU STREET
11 WALL STREET. NEW YORK
Members New York Stock Exchange
.
BANK
OREGON
HENDERSON & COMPANY Surplus
RAILROAD BONDS
GUARANTEED STOCKS
James G. MaoLean
-
Established 1858
McCURDY,
deal In
Edwin P. Campbell
York Commutes
Acts as Cuban correspondent of Americas
banks and transacts a general banking buslnss*
SCHMIDT & GALLATIN
Tel. 2500 Rector
Henry G. Campbell
HAVANA
PHILADELPHIA
821 Chestnut St,
Y.
OF
76 CUBA STREET
BANKERS,
WIRES TO PRINCIPAL CITIES
N.
Specialty.
HARTFORD
Miscellaneous Securities
Members
a
—V1 "
Sole Depositary for the Funds of the Republic at
Cuba
Member American Bankers' Association
760 Main Street
TELEPHONE *070 JOHN.
PRIVATE
900,684 60
681,379 19
84 GALIANO ST.. HAVANA.
226 MONTE ST.. HAVANA.
PINAR DEL RIO.
■oi. 84-86 WALL 8T., NEW
32
8
PRODUCE EXCHANGE. HAVANA
PHILADELPHIA
Chestnut ft 4th St,
-
-
HEAD OFFICE—HAVANA
Long Distance Telephone No. L. D. 107.
28 State Street,
} $6,266,922 21
-
NEW YORK
New
York
Broadway,
Stock
New
Exchange.
York.
Open Market Securities Department
HORACE HATCH. Manager.
Dealers In Investment and Other Securities of She
United States and Canada
(&#vitxnmzut
Jwcjcmmtatxt
P. O. BOX 27. MAIN OFFICE.
WASHINGTON. D. C.
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES, BANKS. RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA¬
TIONS.
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS' OFFICES.
Sample Copy 16 cents. Per Annum $1 60
Nov. 12
THE CHRONICLE
1910.]
©urgent
Ifittattcial.
IX
guttd Itupticie*.
WANTED
Stone & Webster
14T Milk Street.
BOSTON
BOUGHT AND SOLD
Austin, Tex., 4s & 5s
CHICAGO
NEW YORK
GOULDING MARR
We offer for Investment
Securities of
under
Broker
Corporations
Service
of
Telegraph Co. Stock
NASHVILLE,
TENN.
-
-
the management
our
organization
5% to 654%
Raton Water=Works Co. 5s
Council Bluffs Water=Wks. Co. 6s
Glens Falls Gas & Elec. Co. 5s
) 4%
CORPORATION
) 6%
BONDS
> TO
describing these companies will be sent Selected for Conservative Investors.
Lists Mailed Upon Application
request.
Lawrence Barnum & Co.
bankers, brokers and
Investors have constantly before them
BANKERS
conservative
*▼-2*
PINE
STREET.
Philadelphia
YORK
NEW
Washington
Pittsburg)
BABSON’S REPORTS
ON
Fundamental Conditions
For details concerning these Reports or our
“Boslaess Barometers’* (which we Install In banks
both for their own and customers’ use) address
Babson’s Compiling Offices, Wellesley Hills, Mass.
NEW YORK OFFICE. 24 STONE STREET
WANTED
Atlanta Northern 5s. 1954
Youngstown & Southern 5s. 1923
St. Louis Rocky Mtn. & Pac. 5s. 1955
Pere Marauette Common & Preferred
N. E. Investment Sec’s. Preferred
Hartford Carpet Common & Preferred
Dayton Lighting, Com.
New Hampshire Elec. Rys., Com.&Pf.
Portland Electric, Pref.
Amer. Finance & Secur. 6s & Stock
Pope Mfg. Preferred
NOTCH KIN 4, CO.
SPECIALISTS IV I ACTIVE SECURITIES
Stock Exchange Bldg., Boston
Telephone Main 3448
Guanajuato Reduc. & Mines 6s & Stk.
Guanajuato Pow. ft Elec. 6s ft Stocks United Rys. of St. Louis 4s
Austin (Texas) 4s ft 5s
Union E1. Lt.ft P. Co. of St.L.
F w, mason & CO.
Laelede Gas Oo. of St. Louis 1st 6s
WANTED
Pere Marquette RR. Common & Preferred
Omaha Water Co. 1st & 2nd Pref.
Western Power Co. Common
Monterey Light & Power 6s. 1929
Burroughs Adding Machine Co. Stock
FOR SALE
Western Power Co. Common
FARNMAM
Railway Equipment Issues
Laclede Gas Oo. of St. Louis Ref. 6s
Kan. 0. Ry.ft Lt. 5s ft Underly. See’s
DEALT IN
FREEMAN A COMPANY
Commonwealth Pr
63 State Street,
And Constituent
BOSTON, HASS.
FRANCIS, BRO. & CO.
(ESTABLISH BD 1*77)
214 North 4th Street ST. LOUIS
Union Railway, Gas ft Electric
Portland Railway, Light ft Powei
Memphis Street Railway
S
71 Broadway
NEW YORK CITY
LOUISVILLE. KY.
HOLDFRS OF
Quakertown Traction 5s
Comparies’
COMMUN CATE WITH
Stocks and Bonds
Detroit, Michigan.
C HENNING A CO.
Hi So. 5th St..
Ry & Lt
WM. HUGHES CLARKE
Telephone Main 984
BY
ALL LOUISVILLE LOCAL SECURITIKS
34 PINE STREET. NEW YORK
Telephone 6049 John
GEORGE L. WARE
1st 5s
Union El. Lt.ft P. Oo. of St. L. Ref. 5a
West Jersey & Seashore 4s, 1936
So. Ry., Memphis Div. 5s, 1996
St. L. Iron Mt. & So. Gen. 5s, 1931
St. Paul & Duluth 2nd 5s, 1917
New York
i
Butte Water Co. 5s. 1921
Buffalo & Susquehanna 1st 4s, 1951
MANILA, SISAL AND JUTE
-
; i
Regal Shoe Preferred
Pope Mfg. Common
Waltham Watch Common & Preferred
FOR SALE
Page Woven Wire Fence 5s, 1922
Indiana Columbus & East. Tract 5s 1925
Lincoln (Neb.) Qas & Fleet. Lt. 5s, 1941
Detroit Port Huron Shore Line 5s, 1951
27 STATE STREET. BOSTON
65 Wall Street
ss
Springfield Fire & Marine Ins. Co
C. H
CORDAGE
^plller A Co.
Hood Rubber Preferred
Largest Statistical Organization in the V. S.
THE AMERICAN MFG. CO
(’.
Specialists In Inactive Bonds.
27 Stale »tre t
Boston
MUNICIPAL
RAILROAD
Our Manual
upon
Omaha Water Co. 5s and Stock 1
Leadville (Colo.) Water Co. 4s
New Hamp. Elec. Ry. Pfd.& Com.
H
yield
to
The moat
Peoria Water-Wks. Cons. 4s & 5s
Chic. Sub. Water & Light Co. 5s
York=Haven Water Power Co. 5s
Mich. Lake Sup. Power Co. 5s
First Natl. Bask Bldg
5 Nassau Street
Public
Cumberland Telephone &
George B. Atlee & Co.
Bankers
119 S. Fourth St.
Philadelphia
Members Philadelphia Stock Exchange
New York State
^ccicruutattts.
Mohawk
Railways,
common
Valley Co.
Stocks and Scrip.
LYBRAND,
ROSS BROS &.
MONTGOMERY
MALCOLM
STUART
60 Broadway,
NEW
YORK,
165 Broadway
PHILADELPHIA,
Land Title Bldg
PITTSBURGH,
Union Bank Bldg
CHICAGO, First National Bank Bldg
NEW YORK
WEBB & CO.
INVESTMENT SECURITIES
Mew York, Chicago, Cincinnati, and
London, England.
AipDftPRS
-™J
FOR
FINANCIAL
tions. INDUSTRIAL anb
MINING COMPANIES
Ia»spdgaUone,
Financial Statements,
v7
•'V'*
JS t
Audita and'
MaAmI
anA Accounting
Periodical Audits
Nevada-California Power Co. bonds and stock
Denver & N. W. Ry. 6s and stock
Northern States Po^er Co.
Denver Qas & Electric 6s
Northern Idaho & Montana Power Co.
-
-
NEW YORK
DENVER, COLO.
wanted
GEO. B. EDWARDS
Tribune
XNSTTTr
27 William St.. N. Y
JAMES N. WRIGHT & CO.
-
& CO
OBRTIF1ED PUBLIC ACCOUNTANTS
WOLFF & STANLEY
Tel. 6557 Broad
74 BROADWAY
JAMES PARK
Hudson ft Manhattan Securities
Telephone:
165 Rector
Certified Public Accountants
(Pennsylvania)
City of Bayonne 4s, due April, 1911
N. O. Great North. 1st 6s, 1966
Florida East Coast 1st 4J^s, 1959
Lex. Ave. & Pav. Ferry 5s, 1993
Boll ding. 154 Nassau Street,
telephone 4215 Bookmen.
NEW YOR K. N. Y
Negotiation*, Investigation*, Settlement*
In or out of New York City
Satisfactory References
Grand Rapids Ry. Co. 1st M. 5%
OFFER
Bonds, dot 151C
St.
*:';**■
Joseph Railway. Light, Heat & Power Co.
’
,/k 1st Mortgage 5% Bonds. 1937.
^Sutton,
StrotherStreets
& Co,,
Calvert
,1'y
and German
BALTIMORE
Members ef Baltimore Sleek
ii “
Ixnhi—a
THE CHRONICLE
Vnxxmt
fVOL.
LXIXII
ggttjt %wopxtxU*.
Galveston Houston & Henderson 5s, 1913
Toledo Terminal Railroad 4J^s, 1957
United Electric Co. of N* J.
First Mtge. 4s, due 1949
l tl Chicago & North Western Deb. 5s, 1921
Atchison & Eastern Bridge 4s, 1928
Macon Dublin & Savannah 5s, 1949
Cincinnati Northern 4s, 1951
Atlantic & Danville 4s, 1948
Great Northern of Canada 4s
Gulf & Ship Island 5s, 1952
Southern Indiana 4s, 1951
American Thread 4s, 1919
BOUGHT AND SOLD
This company serves a population
of about 1,000,000, including the
cities of Newark, Jersey
City,
Hoboken, Elizabeth, Bayonne, the
Oranges and Montclair.
G. W. Walker & Co
TeL 100 Bread.
90 Bread St., New Ter*
Chicago & Alton 3s, 1949
-
Somerset Coal Co.
AND ALL OTHER SECURITIES DEALT IN
1st
F. J. LISMAN &
COMPANY,
Consolidation Coal Co of Ky.
NEW YORK
SUTRO BROS. & CO.
SPECIALISTS IN STEAM RAILROAD SECURITIES
Members N. Y. Stock Exchange
30
BROAD
STREET,
1st
Land Title & Trust Oo. Building, PHILADELPHIA
89 Pearl Street, HARTFORD
Tri-City Ry. & Lt. 6% Notes, 1912
South Wisconsin Power 6s, 1938
A. A. LISMAN & CO
M. 5950 Broad
25 Broad St.. New York
Canton, O., Electric 5s, 1937
Canton, O., Preferred Stock
Aurora Elgin & Chicago 5s, 1946
Seattle Lighting Co. 6s
Duluth Edison Elec. Pref. Stock
Mtge. S. F. 5s, due Dec., 1958
BANKERS
44 PINE STREET. NEW YORK
Members New York Stock Exchange.
LIBBEY&STRUTHERS
55 Cedar Street
Chicago & North Mich. 1st 5s, 1931
Central Pac., Thro. Short Line 4s
Mtge. S. F. 5s, due Feb., 1932
Robt.Glendinning &Co.
400 Chestnut Street.
NEW YORK
Philadelphia.
Richmond-Washington Co.
4s
West. N. Y. & Pa. 1st Mtge. 5s
Choctaw Okla. & Gulf Cons. 5s
Central Pacific 3J^s
New Haven 3J^s
New Haven 6s
Norfolk & Western Equip. 4s
Houston & Texas Cent. 4s;
Cin. Rich. & Ft. Wayne 7s
5s; 6s
Rensselaer & Saratoga 7s
Milwaukee Lake Shore & W. 6s
N. Y. Lack. & West. 6s
Pennsylvania Gen. Frt. Equip. 4s
Syracuse Rapid Transit 1st 5s
Lehigh Coal & Nav. Coll. Tr. 4^s
Manufacturers Water Co. 1st 5s
WANTED
NATIONAL FUEL GAS
H. L. NASON A CO.
Sh3wmut
Bank
Building,
BOSTON, HASS.
Ti W. STEPHENS & 00 FREDERIC H. HATCH & CO.
New York
BANKBR8
2 WALL
We Offer
300
SHARES
SOUTHWESTERN
OF
GEORGIA
5% GUARANTEED STOCK
8TEEET, NEW YORK.
INVESTMENT
Interest allowed
J
H.
HILSMAN
& CO.
'UMPIRE BUILDING. ATLANTA. QA.
BONDS
on
Boston
30 Broad Street
accounts of
Individuals and Corporations
60 Oongreu Sbai
Private telephone between New York and Booths
WE TRADE IN
Allentown (Pa.) Gas Co. 5s, A .& O. ,1924
Atlanta (Ga.) Gas Light Co. 5s. J. & D., 1947
Chester County (Pa.) Gas Co. 5s. J. & b., 1928
Harrisburg (Pa.) Gas Co. 5s, F. & A., 1928
Kansas City (Mo.) Gas Co. 5s. A. & 0., 1922
Peoria Gas & Elect. Co. 5s, J. & J., 1923
Scranton (Pa.) Elect. Co. 5s, J. & J.. 1937
Syracuse (N. Y.) Gas Co. 5s, J. & J., 1946
Syracuse (N.Y.) Lighting Co. 5s. J. & D., 1951
Syracuse (N.Y.) Light & Power 5s. J. & J., 1954
Rochester (N.Y.) Ry. & Lt. Co. 5s, J.& J., 1984
REED A. MORGAN A CO
Long Island Unified 4s
We offer
0. G. 0. & St. L., Cairo Div. 4s
Col. & Southern 1st 4s
$25,000
West End Trust Bldg., Phil*.. Pa.
Members of the Philadelphia Stook Exchange
Niagara Lockport & Ontario
Telephones, J Bell-Spruce 21-81.
I Keystone-Race 208
Tel. 0327-8 Hanover
87 WaU St.. N. Y.
Power Co*
First Mtge. 5% Sink. Fund Gold Bonds
due November 1st 1954.
Price 90 & int.
WE WANT TO BUY
Ontario Power Co. 5s
Fairmont Coal Co. 5s
Somerset Coal Co. 5s
Metropolitan Tel. & Tel. 5s
Dayton Union Ry. 4s
Lehigh Valley of N. Y. 4 Ms
Cuban Government Internal 5s
BURGESS. LANG & CO.
NEW Y0RKPl1™* Wn BOSTON
34 Pint StrMt
80 Broadway, New York
BONDS
BOSTON
PhlMel0ili
ProvHtnet
Ozark & Cherokee Cent. 5s
BLAKE A REEVE8
Tel. 1504 John
Public
SAMUEL K. PH ILLIPS &CO»
421 Chestnut St.
Philadelphia
Members
Philadelphia Stock Exchange.
Illinois Steel Co. Deb. 5s, 1913
Maine Central 1st Cons. 4s, 1912
Penna. RR. Co. Cony. 3}4s, 1915
Schwarzschild & Sulzb. Deb. 6s, 1916
CURTIS A SANGER
Mem ben N.Y.. Boston A OhloageStoek Exchanges
49 Wall Street
Bostea
84 Pine Street. New Yeek
50 State Strait
WANTED
Indianapolis Trac. & Terminal First 5s J1933
Susquehanna Bloomsb. & Berwick 1st 5s, 1952
Union Traction Co. of Indiana First 5s, 1919
Susquehanna Bloomsburg & Berwick RR. Stock
of
Baker, Ayling & Company
Central RR. of Ga. Cons. 5s
Central of N. J. 5s
Telephone 2417-8-9 John
J. H. BECKER A CO.
144. •»* Rector
Yielding 5.60%.
Exempt from taxation in New York State
•
Chicago & N. W. 7s, 1915
NEW YORK
Chicane
Utility
BONDS
Pingree, McKinney & Co.
8
•rn—mmmm
Congress Street,
i
FERRIS a WHITE,
•
—
”
1,1
We desire
tax
11,1
""""
Boston,
i mmmmmm
mmmmmmmmmmmmmme*mmmmmmm
offerings of free of
bonds
in
the
State
of
Pennsylvania
WURTS, DULLES A OO.
US S. FOURTH ST.,
PHILADeLMiM
Telephone Lombard 1000-1041
Nov. 12
THE CHRONICLE
1910.]
XI
®ttrceut
19 (h Ward Bank Stock
12th Ward Bank Stock
American Qraphophone
INVESTMENTS
Co. Preferred Stock
Hudson & Manhattan RR. Co. Stock
Standard Coupler Co. Preferred Stock
Consol. Water Co. of Utica Common Stock
Chicago & Indiana Coal Ry. 1st 5s, 1936
Y‘Xut
RAILROAD BONDS
Chicago Milwaukee & St. Paul Debenture 4s, due 1934
Interborough Rapid Transit Mortgage 5s, due 1952
4.45%
4.90
SHORT-TERM NOTES
Houston & Texas Central 5s, 1937
Baltimore & Ohio Secured 4 lAs, due 1913
Southern Railway Three-Year 5s, due 1913
Railroad Securities Co. 4s, 1952
Mexican Internat. RR. 1st 4s, 1977 (stamped)
Consol. Water Co. of Utica Qen. 5s, 1930
Chicago Rock Island & Pacific Equipment 4 Ha, Various maturities
Seaboard Air Line Equipment 5s, Various maturities
Gude, Wi
n mill & Co.
BANKERS
20 BROAD STREET, E.
4.80
5.40
RAILROAD EQUIPMENT BONDS
4.80
4.90
INDUSTRIAL BONDS
California Gas & Electric Unlf. & Ref. 5s, due 1937
General Rubber Company Gtd. Debenture 4 Ms, due 1915
Average income
T.
Send
over
5.50
5.90
5%
for Circular No. R-7, descriptive of the above securities.
Telephone 445-6-7 Rector
Adams
Express 4s, 1948
Rocklsld. (Choctaw) Col. Tr. 4s, 1917
Lake Shore & Mich. So. Deb. 4s, 1931
Republic Iron & Steel 1st 5s, 1934
Northern Pacific 3s
Registered
Iowa Central 1st 5s
Guaranty Trust Company
of New York
28 Nassau Street, New York
Branch Offices
6th Ave. & 43d St., New York
33 Lombard St., London, E. 0
1938
NEWBORG & CO.,
MEMBERS N. 7. STOCK EXCHANGE
60 BROADWAY. N.
Telephone 4390 Rector.
Y.
Cable Address,
••NEWROSB”
PRIVATE WIRE TO ST. LOUIS
WE OFFER
Michigan United Traction 5s
Lack. & Wyo. Val. Rapid Tran, (green bonds)
Frontier Telephone Co. of Buffalo (green bonds)
Union Typewriter Common
International Textbook Stock
Western Pacific 5s, 1933, S100 bonds
WE WILL BUY
Pittsburgh Wheeling & Lake Erie 4s, 1931
Schwarzschild & Sulzberger 6s, 1916
Somerset Coal Co. 5s, 1932
O’Gara Coal Co. 5s. 1955
5 Nassau Street
N. Y. &
PATERSON & CO.,
Tel. 1985-6-7 Rector
EYER
20 Broad St.. N, Y
& COMPANY
Tel. 7750 1-2-3 Hanover
37 Wall Street
NEW YORK
Alabama State 4s, 1920-1956
New Orl. Mobile & Chicago 5s
N. O. Mobile & Chic. Bond
Lighting
On application we will recommend shares af¬
fording a participation in the profits to be made
in the development of the gold fields of
PORCUPINE
WARREN, GZ0WSKI & CO.
Toronto,
26 Broad Street, New York.
Scrip
Equipment Bonds and Car Trusts
DOUGLAS FENWICK & CO.
Tal. John 109
34 WALL ST
Swartwout &
100 U. S. Motor Com.
56 Wells Fargo Express,
100 Western Power Com.
115 Western Pacific Railway
J. K. Rice. Jr. & Co.
’Phones 7460
to 7466 Hanover.
33 Wall St., N.Y.
GILBERT ELIOTT & CO.
34 Pine Street
NEW YORK
NEW HAVEN. CT.
Power & Light Com.
Brooklyn Union "L” Com.
Fajardo Sugar
Int. Time Recording Com.
Lincoln Gas & Electric
Niles-Bement-Pond Com.
Phelps, Dodge & Co.
Prudential Life Ins. Stock.
Singer Mfg. Stock
Underwood Typewriter Com.
Union Typewriter Com.
Omaha Gas 5s, 1917
CLUCAS
1st Nat. Bank Bldg.,
Express
New Amsterdam Gas 5s, 1948
Central Union Gas 5s, 1927
Denver Gas & Electric 5s, 1949
1st 5s Dae 1950.
GILMAN
L
Caramel Pfd.
Caramel Com.
Milwaukee Gas Light 4s, 1927
WANTED
Westchester
Dui. South Shore & Atlantic 1st 5s, 1937
Chicago & Western Indiana 1st 4s. 1952
106
200
43
50
50
30
85
20
50
100
PHILADELPHIA
Members Philadelphia Stock Exchange
’Phones Bell Walnut 22-90
Keystone Race 4-99
Queens El. Lt. & P. 5s, 1930
Central Union Gas 5s, 1927
Conn. Ry. & Ltg. 43^3, stamped, 1951
Ulster & Delaware 5s, 1928
Tenn. C. & I., Birm. Div. 6s, 1917
2nd Ave. Cons. 5s, 1948, Tr. Co. Ctfs.
Albany Southern Pfd.
Albany Southern Com.
American
American
20 American
100 American
North American Bldg..
NEW YORK
Choctaw Oklahoma & Gulf Cons. 5s, 1952
Knoxville & Ohio 1st 6s, 1925
West. N. Y. & Penn. 1st 5s, 1937
200
200
23
77
R. M. Stinson & Co.
MEGARGEL & CO.
BANKERS
J. K. Rice. Jr. & Co. Will Sell
OFFERINGS WANTED
Evansville Gas & Elect. 1st Mtge. 5s, due 1932
Decatur Ry. & Lt. Co. 1st Cons. 5s, due 1933
Danv. Urb. & Champ. Ry. 1st M. 5s, due 1923
SPECIALISTS IN GAS BONDS
34 PINE STREET
NEW
YORK
WANTED
Tol. Fre. & Norwalk 5s, Jan., 1920
North. Ohio Tract. 5s, July, 1919
Sub. Gas Co. of Phila. 5s, April, 1952
Edward V. Kane & Go.
MORRIS BUILDING. PHILADELPHIA.
Telephones, Bell-Spruce 3782. Keystone .Race 63 0.
Railroad and Other
Investment Bonds
Appenzellar
BANKERS
Denver & Rio Grande 1st Consol. 4s, 1936
Kansas City Southern 5s. 1950
C
Members N. Y. Stock Exchange
44 Pine Street
K. B. WADE
NEW YORK CITY Tel. 6744 Hanover
49 Wall Street
N. Y. Cent.—Mich. Cent. coll. 3Ms, 1998
Lehigh Valley Terminal 5s, 1941
New Haven Deb. 4s, 1956
Duluth & Iron Range 1st 5s, 1937
Edison Elec. Ilium, of Brooklyn 4s. 1939
N. Y. Lake Erie & Western 7s, 1920
Northern Ohio 1st 5s, 1945
Wis. Central. Superior & Duluth 4s, 1936
N. Y. Susq. & Western Ref. 5s. 1937
]«$epb0lalkcr$$on$
Members New York Stock Exchange.
20 Rroad St.
New York.
Private wire to Philadelphia.
Coffin & Company
NEW YORK.
WANT
Port Reading 5s
St. Louis Property 5s
Chicago & North Western 6s, 1929
Kansas City Belt 6s
OFFER
.St Paul & Duluth 4s, 1968
Morris & Essex 7s, 1914 and 1915
.
Long Island Refunding 4s
N. Y. N. H. & Hartf. Deb. 4s, 1956
American Light & Traction Co. stocks
Tri-City Railway & Light Co. stocks
Indiana Lighting Co. stock & bonds
Underwood Typewriter Co. stocks
*
International Nickel Co. Common
BOUGHT AND SOLD
LAMARCHE & COADY,
Td. 5775-6 Broad.
M Brawl m.. !». T.
WANTED
Consol. Traction Co. of New
Jersey
1st 5s, due June, 1933
W. E. R. SMITH & C0.,
tO Broad Street
-
-
Hew Yerk
Central Vermont 4s
St. Louis Bridge 7s
Houston & T. C., Waco & Northwest 6s
Cincinnati Hamilton & Dayton 5s
Nat. RR. of Mexico 4s, and 4J^s
r
^
Manitoba 4j^s
South & North Alabama 5s
Pere Marquette Consol. & Refund. 4s
1
Western New York & Penna. 5s
Norf. & W., Pocahontas C. & C. Joint 4s !
Mexican Central 4s, 1911
St. L. & San Fran. 4j^% & 5% Notes
WERNER BROS. A GOLDSCHMIDT
Tel. 4800-1-2-3-4-5 Broad.
25 Broad Street, N. Y.
Ill
THE CHRONICLE
[Vol.uxxxxi.
financial.
;
gittancial.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
H. M. BYLLESBY & CO.
New York, January 21st, 1910.
,
The Trustees, in
Premiums
Premiums
on
on
conformity with the Charter of the Company, submit the following statementof Us affairs
on the 31sf of December, 1909.
Marine Risks from 1st January, 1909, to 31st December, 1909
$3,759,391 25
Policies not marked off 1st January, 1909
717,712 70
Total Marine Premiums
$4,477,103 95
Premiums marked off from 1st January, 1909, to 31st December, 1909
$3,791,557 05
Interest received during: the year
Rent less Taxes and Expenses
ENGINEERS
EXAMINATIONS and REPORTS
$322,046 46
$467,726 28
145,679 82
218 La Salle
Losses paid during the year which were estimated in 1908
and previous years
Losses occurred, estimated and paid in 1909
Less
$829,378 19
Portland, Ore.
Oklahoma City, Oklahoma.
1,149,459 56 $1,978,837 75
Salvages
$249,891 07
235,520 48
Re-Insurances
Street, CHICAGO
Mobile. Ala.
485.411 55
$1,493,426 20
Returns of Premiums
Expenses, Including officers’ salaries and clerks’ compensation, stationery,
-
$60,285 14
-
newspapers, advertisements, etc
•
ASSETS.
*
United States & State of New York
Stock, City, Bank and other Se¬
curities
$5,461,042 00
Special deposits In Banks &TrustCos. 1,000,000 00
Real Estate cor. Wall & WllltamSts.,
& Exchange Place.$4,299,426 04
Other Real Estate &
claims due the com¬
pany
75,000 00 4,374,426 04
Premium notes and Bills Receivable
Gash In the hands of European
Bankers to pay losses under poli¬
cies payable In foreign countries.
Cash In Bank
Aggregating
gtotajends.
$356,913 94
LIABILITIES.
Estimated Losses and Losses Un¬
settled
Premiums on Unterminated Rlsks.
Certlficates of Profits and Interest
1,213,069 68
H. M.
685.546 90
Unpaid
Return Premiums Unpaid
Certificates of Profits Ordered Re¬
deemed. Withheld for Unpaid
Premiums
Certificates of Profits Outstand¬
ing
Real Estate Reserve Fund
Office of
$2,393,297 00
Engineers,
263,468 95
120,569 42
Aggregating
....
The Board of Directors of the MOBILE ELEC¬
TRIC COMPANY of Mobile, Alabama, has de¬
clared a quarterly dividend of one and three-
22.353 49
7,404,890 00
370,000 00
quarters per cent (1 X) upon the preferred stock
of the company, payable by check November 15th
1910 to stockholders of record as of the close of
business October 31st 1910.
$11,260,125 76
ROBERT J. GRAF. Secretary.
A dividend of interest of Six per cent on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday the first of
February next.
The outstanding certificates of the Issue of 1904 will be redeemed and paid to the holders thereof,
or their legal representatives, on and after Tuesday the
first of February next, from which date all
Interest thereon will cease.
The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent Is declared on the net earned premiums of the Company for the year
ending 31st December, 1909. which are entitled to participate In dividend, for which, upon appli¬
cation, certificates will be Issued on and after Tuesday the third of May next
By order of the Board,
FRANCIS M. BACON.
WALDRON P. BROWN.
VERNON H. BROWN,
JOHN N. BEACH.
JOHN CLAFL1N,
GEORGE C. CLARE,
CLEVELAND H. DODGE.
CORNELIUS ELDERT.
RICHARD H. EWART.
PHILIP A. S. FRANKLIN,
HERBERT L. GRIGGS.
tj*iiranjcial.
Q. STANTON FLOYD-JONES, Secretary.
TRUSTEES.
CLEMENT A. GRISCOM.
ANSON W. HARD.
LEWIS CASS LED YARD.
CHARLES D. LEVERICH.
LEANDER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL,
NICHOLAS F. PALMER.
HENRY
ADOLF
COMPANY,
Managers.
Chicago.
239,948 04
633,405 13
$12,921,890 89
BYLLESBY &
WE WISH TO BUY
DALLAS B PRATT.
GEORGE W. QUINTARD,
A. A. RAVEN.
JOHN J. RIKERi
DOUGLAS ROBINSON.
GUSTAV H. SCHWAB.
WILLIAM SLOANE,
ISAAC STERN.
WILLIAM A. STREET.
GEORGE E. TURNURE.
Birmingham Railway Light &
Power 4j^s
Birmingham Railway Light &
Power 6s
PARISH,
PAVENSTEDT.
CHARLES M. PRATT,
A. A. RAVEN, President.
CORNELIUS ELDERT, Vice-President.
SANFORD E. COBB. 2d Vice-President.
W. E. HUTTON &, CO.
Members New York Stock Exchange
Established
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART, 4lh Vice-President.
25 Broad Street.
1886
-
New York
Private wires to Cincinnati, Chicago, San
Francisco and Los Anaeies.
Ready About January 15, 1911
Adrian H. Muller & Son,
AUCTIONEERS.
Range of Prices for Stocks and Bonds
Regular Weekly Sales
OF
FROM
1904 to
STOCKS and BONDS
July 1, 1910
EVERY WEDNESDAY
Office, No. 55 WILLIAM STREET
Earnings, Fixed Charges and Dividends for Series of Years
Corner Pine Street.
1350
Hand Book of Securities
1910
The United States Life
Insurance Go.
IN THE CITY OF NEW YORK
Issues Guaranteed Contract*
Price of Single Oopies
To Subscribers of the Chronicle
JOHN P. MUNN, M. D., President
Finance Committee
CLARENCE H. KELSEY, Pres TitleGu.&Tr.Co
WM. H. PORTER, Pres. Chemical National Bank
ED. TOWNSEND, Pres. Tmp. & Traders Nat. Bk.
The Hand-Book is issued to Bankers and Brokers with their cards
lettered in gilt on the outside
cover
(not less than 25 copies to
one
Good men, whether experienced In life Insurance
not, may make direct contracts with this Com¬
pany. for a limited territory If desired, and aecure
for themselves. In addition to first year's commis¬
sion, a renewal Interest Insuring an Income for the
future.
Address the Company at Its Homs Office
Vo. 277 Broadway. New York City
jr
ad¬
dress) at special rates.
■Vf
Bank and Trust
*
ii
Commercial &, Financial Chronicle
J
ri
>
01
'
vv
-**?*>•
Front
'
! i
‘
j
Pine and Depeyster
•
NSW YORK.
.
a
Streets,*
:
l
r'rW HBW YORK
■' W
v
Company Stocks
AND
^R^p&LY'N
BOUGHT AND SOLD
!
NTON
2
WALL ST.,
sdT
GILBERT
,WeW YORK
Nov.
THE CHRONICLE
121910.]
xui
glnattcial.
gtaancial.
TO YIELD
5^4% INCOME
Receiver’s 5% Certificates, due September 1, 1915.
Prior Lien on about 200 miles of railroad and about 25,000 acres of coal land
and
<&i\iztus (&mtvvd
fj&licrtial gauk
of
equipment valued at
over
Receiver states interest is earned
Tax free in
$3,000,000;
over 2^ times.
Pennsylvania.
Telegraph at our expense amount
Price and
desire reserved pending investigation.
particulars furnished in our Circular “C.”
you
CHAS. H. JONES & CO.
Kcrrll
Municipal, Railroad and Corporation Bonds.
930 BROADWAY
TWENTY BROAD STREET
NEW YORK
Telephone: 3155 Rector
Cable: “Orientment”
Edwin S. Sckeack, President
Francis M. Becen Jr.. Vice-President
Albion K Chapman. Cashier
Jesse N. Smith. Asst. Cashier
James McAllister. Asst. Cashier
W. M. Haines. Asst. Cashier
Nederlandsch Administratie- & Trustkantoor
(NETHERLANDS ADMINISTRATION & TRUST COMPANY )
215 Singe! - AMSTERDAM. (Holland.)
HL. MEINL8Z, Pretident
Capita!
$2,550,000
Surplus and Profits $1,600,000
-
Board of Directors!
-
H. WALTER, L. D..
de Kock & Uyt
A. A. H. BOISSEVAIN,
Director of Swiss Bankvereln and
of Labouchere, Oyens & Co’s Bank.
J. A. DUYNSTEE,
Telders & Co.
P. Th. EVERARD.
Chairman,
den Bogaard.
Ph. MEES.
R. Mees & Zoonen.
H. ME1NESZ.
President.
G. H. DE MAREZ OYENS.
Labouchere, Oyens & Co’s Bank.
A. L. G. H. PICHOT1
Banker.
P. M. J. GIL1SSEN
Westerwoudt & Co.
W. M. SCH EUR LEER.
Arnold Glllssen.
AUG. KALFF.
Scheurlecr & Zoonen
Jan Kalff & Co.
We desire
to
purchase
Acts
Acts
as
as
City of Bayonne, N. J.,
BONDS
Executor,
Trustee of
Administrator, Trustee,
Corporation Mortgages.
Diuid mds.
IfirtULetUts.
THE PENNSYLVANIA RR.CO.
Philadelphia, November 1 1910.
day declared a
•.quarterly dividend of One and onc-half per cent
(Seventy-five cents per share) upon the Capital
Stock of the Company, payable on and after
FERROCARRILES NACIONALES DE MEXICO
(NATIONAL RAILWAYS OF MEXICO)
25 BROAD STREET, NEW YORK.
First Preferred Stock Dividend No. 6.
The Hoard of Directors has this
R. M. GRANT & CO
BANKERS
NASSAU STREET
NEW YORK
November 30 1910 to stockholders as registered
upon the books of the Company at the close of
November
5
1910.
business
Checks will
be
mailed to stockholders who have filed permanent
dividend
orders.
1
'
JAMES F. FAHNESTOCK. Treasurer.
.
A dividend of One Per Cent (One Dollar Gold
Two Mexican Gold Pesos per share), being the
sixth dividend on the First Preferred Stock of
this Company, has been declared, payable Novem¬
ber 10, 1910, to the holders of Dividend War¬
rants No. 6, annexed to certificates representing
such stock, upon presentation and surrender of
such Warrants to the Company at Its office in New
or
York
NILES-BEMF.NT-POND COMPANY.
New York,
November 10th, 1910.
The Board of Directors of NILES-BEMENTPOND COMPANY has this day declared the
NATIONAL LIGHT.
regular quarterly dividend of ONE AND ONEHALF PER CENT upon the PREFERRED
STOCK of the Company, payable November loth,
HEAT & POWER COMPANY
1910.
The transfer books will close at 3 o’clock in the
afternoon of November 10th, 1910, and will re¬
open at 10 o’clock In the forenoon of Novem¬
ber 16th. 1910.
CHARLES L. CORNELL, Treasurer.
‘bonds0
A. H. Bickmore & Co.,
BANKERS
30 Plnh Straat,
Beta bushed 1894
New Ytri
Telephone 2817 Reels*
INSURANCE STOCKS
Fidelity, Phoenix, Home,
Niagara, Continental, &o.
BOUGHT AND SOLD
E. S. BAILEY
89 BROADWAY
NEW TORE
C. B. Van Nostrand
NILES-BEMENT-POND COMPANY.
New York, November 10th, 1910.
The Board of Directors of NILES-BEMENTPOND COMPANY has this day declared the
regular quarterly dividend of ONE AND ONEHALF PER CENT upon the COMMON STOCK
of the Company, payable December 20th, 1910.
The transfer books will close at 3 p. m. In the
afternoon of November 30th, 1910, and will re¬
open at
ber 21st,
10 o’clock In the forenoon of Decem¬
PACIFIC GAS & ELECTRIC COMPANY.
San Francisco, California
A quarterly dividend (No. 19) of $1 50 per
share upon the Preferred Stock of this company
covering the period commencing August 1st,
1910, and ending October 31st, 1910, will be paid
November 15th, 1910, to shareholders of
on
record at 3 o’clock P. M., October 31st, 1910.
The transfer books of the Company will not be
closed.
Checks for the dividend will be mailed.
PACIFIC GAS & ELECTRIC COMPANY,
D. H. FOOTE, Secretary.
San Francisco, California, October 31st, 1910.
Union Pacific Railroad
A
$2.50
1910.
The transfer books will close at 3 o’clock In the
afternoon of November 10th, 1910, and will re¬
open at 10 o’clock in the forenoon of Novem¬
ber 16th, 1910.
CHARLES L. CORNELL, Treasurer.
the
Common
Stock
The stock transfer books will not be closed for
the payment of this dividend.
Stockholders who have not already done so are
requested to promptly file mailing orders for
dividends with the undersigned, from whom
blank orders can be had on application.
FREDERIC V. S. CROSBY, Treasurer.
York, N. Y., Nov. 10, 1910.
SOUTHERN PACIFIC CO.
DIVIDEND NO. 17.
A quarterly dividend of ONE DOLLAR AND
FIFTY CENTS ($1 50) per share, being the
seventeenth dividend on the Common Capital
Stock of this Company, has been declared pay¬
able January 3, 1911, to the bearers of DIVI¬
DEND WARRANTS No. 17, annexed to certifi¬
cates representing such stock, upon presentation
and surrender of such Warrants to the under¬
signed Treasurer, at the office of the Company;
120
Broadway, New York.
A. K. VAN DEVENTER, Treasurer.
COMMON STOCK DIVIDEND NO. 6.
Office of the
PORTLAND RAILW AY, LIGHT & POWER CO.
Portland, Oregon
The Board of Directors has declared a dividend
of One Per Cent (1%) upon the Common Stock
of the Portland Railway, Light & Power Co.,
payable December 1st, 1910, to stockholders of
record at the close of business November 12th,
1910.
Checks will be mailed.
G. L. ESTABROOK, Secretary.
•—
PEOPLES OAS LIGHT & COKE COMPANY
(of Chicago).
THE ADAMS EXPRESS COMPANY.
Notice Is hereby given that a dividend of ONE
AND THREE-QtJARTERS PER CENT U«%)
has been declared on the capital stock of this
Company, payable on November 25th, 191(1, to
the stockholders of record at the close of business
on November 3d, 1910.
/.
»
1
on
Thursday, December 1, 1910.
TT
Vice-President & Treasurer.
share
New York, November 10, 1910.
regular quarterly dividend of ONE AND ONEHALF PER CENT upon the PREFERRED
STOCK of the Company, payable November 15th
BASIL W. ROWE,
per
Company.
Quarterly Dividend of
of this Company has this day been declared, pay¬
able at the Treasurer’s office, 120 Broadway,
New York, N. Y., on January 3,
1911, to
stockholders of record at 3 o’clock p. m
on
PRATT & WHITNEY COMPANY.
INDUSTRIALS
.
Mexico.
States Gold.
CLAYTON SNYDER, Assistant Secretary.
October 28, 1910.
New
New York, November 10th, 1910.
The Board of Directors of PRATT & WHIT¬
NEY COMPANY has this day declared the
New York, November 9th, 1910.
The Transfer Books of this Company will be
closed from three o’clock P. M. November 14th
te tire morning of December list, 1910* J- „
or
Dividend Warrants are payable at option of
holder, at the rate of Two Mexican Gold Pesos to
the Dollars, either In the City of Mexico In Mexican
Gold Pesos, or In the City of New York In United
1910.
CHARLES L. CORNELL, Treasurer.
M WALL STREET
gotlces.
Guardian, Agent, etc.
BOND SALESMAN with Pennsylvania clien¬
tele desires position.
Address “G. W. P.,” care
Commercial & Financial Chronicle, P. O.Box 958,
New York City.
..
L. A. WILEY,
Secretary.
nr
THE CHRONICLE
(Vol.
lxxxxi.
gittanxial.
Gable Address:
Codes Used:
Lleber aod ABC Stb Edition
“Hontfbt*’ Chicago
Peab ody Hooghtelmg &Co.
(Established I860)
181 La Salle
Street,
CHICAGO
We carry at all times a conservative line of
high-grade Investment Securities, including:
CHICAGO REAL ESTATE MORTGAGES
In amounts of from $10,000 to $100,000 each, secured
upon valuable
Our
judgment in such important requirements
sirability of location and income value is
in the
Chicago field.
as
improved Chicago Real Estate.
valuation of security, quality of improvements, de¬
the result of
over
forty years' active and continuous experience
Such mortgages yield from 5 to 6%.
CHICAGO REAL ESTATE SERIAL GOLD BONDS
In denominations of $500 and $1,000 each, secured
Apartment Buildings, well-located Mercantile
Office
or
by first mortgage upon high-grade modern
Manufacturing Buildings,
Buildings—a most convenient and desirable
form of investment
or
large modern down-town
yielding from 5 to 6%.
RAILROAD, CAR EQUIPMENT AND TRACTION BONDS
Having behind them in
every case a substantial
earnings and sound management.
margin of security, successful history, ample
Such bonds yield from 43^ to 5J^%.
STEAMSHIP BONDS
First
an
Mortgage Serial Bonds secured
upon
modern Steel Steamships on the Great Lakes enjoy
enviable reputation in the investment market.
been unable to discover
are a
a
After
a
single instance of default in interest
most
or
searching investigation,
principal in such issues.
we
have
Such bonds
legal investment for Michigan Savings Banks and yield 5%.
INDUSTRIAL BONDS
Secured upon such staple natural resources
increasing in value, and which
are so
as
developed
Timber, Coal and Iron Ore Lands, which
as
to have ample
are
steadily
income-producing capacity for the
protection of principal and interest.
Also the bonds of well-known manufacturing corporations having
long-established and successful histories. The margin of security in such bonds is
invariably
large, and the bonded debt
is
always payable in substantial annual
increasing the value and safety of the investment
from year to year.
or
semi-annual amounts,
very
thereby
These bonds net from 5 to 6%.
SEND FOR DESCRIPTIVE CIRCULARS
NOTICE
_
*
We
are
in the market for entire issues of bonds of the character indicated above.
Cordially invited, and will receive
our
prompt attention.
Offerings
are,-^r
i :'i • ?.*’!
y>H -mV:
ffftwe.}•
INCLUDING
Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Electric
Bankers’ Convention Section
State and
SATURDAY, NOVEMBER 12 1910.
VOL. 91.
Inc.
1910.
Subscription—Payable In Advance
6 00
Bnnopean Subscription (including postage)
lcluding postage).
European Subscription six months (incl
Annual Subscription in London (including postage)
“
—
13 0#
"
7 50
£0 14 s.
Six Months Subscription in London (including postage)
Canadian Subscription (including postage)
£1 11s.
$11 50
Subscription includes following Supplements—
Bank and Quotation (monthly)
BAILWAY AND INDUSTRIAL (quarterly)
Railway Earnings (monthly)
Terms of
State and City (semi-annually)
Electric Railway (3 times yearly)
Bankers’ Convention (yearly)
Advertising—Per Incb Space
Transient matter per inch space (14 agate
( two Montiu
lines)
(8 times)
$4 20
22 00
:
mm&&3S1" JIISSSJ::::::::::;:::::;: 1S8S
C
t
Twelve Months (52 times)
87 00
CHICAGO OFFICE—Pliny Bartlett, 613 Monadnock Block; Tel. Harrison 4012
LOUDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
WILLI A1TI
F. O. Box 958.
B. DANA COMPANY, Publishers,
Front, Pine and Depeyster Sts..
New York.
Published every Saturday morning by WILLIAM B. DANA COMPANY.
Jasob Seibert Jr., Vice-President and Secretary; Arnold O. Dana, Treasurer,
of both, Office of the Company.
CLEARING-HOUSE RETURNS.
Indianapolis
Columbus
Toledo
Peoria
Grand
273,588,009
286373,369
26.420.050
19,588339
17,665,940
14349371
8,863.452
6,032,500
3.770,890
3,422,627
3.174,483
2.318,723
2,338,549
1,437,092
1,075,217
1,102.981
1,120.026
915,435
1,144,436
658,292
952,410
663,806
594.480
496353
587,814
441,005
399.984
402,017
416,927
270,383
253.542
31,432
378,954
596,275
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
Rapids...
Dayton
Evansville
Kalamazoo
Springfield, Ill..
Youngstown
Fort Wayne
Lexington
Canton
Rockford
Akron
South Bend
Quincy
Springfield, O
Bloomington
Decatur
Danville
Mansfield
Jackson
Jacksonville, Hi.
Ann Arbor
Adrian
Lima
Saginaw
The following table, made up by telegraph, Ac., indicates that the total bank
Barings of all the clearing houses of the United States for the week ending to-day
ive been $2,911,617,738, against $3,416,847,557 last week and $3,594,240,548
corresponding week last year. The heavy loss this week is in part due to the
day on Tuesday.
Mnr York
Philadelphia
1910.
1909.
$1380329.829
127,746.775
106,323,937
31.843.525,802
141,093,859
122,182,322
30351.738
236,517,149
68.909,725
22,813,070
Baltimore-..
25.913,878
201.098.067
62,324.949
18.736,174
New Orleans.
cities, 5 days.
5 days...
Tstal aD cities, 5 days.
AB cities, 1 day
Total all cities for week.
Tot. Mid. West.
'■
*
—25.1
g 5
)<
—12.9
—14.3
—14.9
9#6
17*9
31,922,373,609
435,972,643
$2,465,293,665
530,480,701
—22.0
—17.8
32,868.846352
553,271,486
$2,995,774,366
598,466,182
—21.3
—7.6
$2,911,017,738
$3.594340.548
—19.0
The full details for the week covered by the above will be given next SatWe cannot furnish them to-day. clearings being made up by the
fearing houses at noon on Saturday, ana henee tn the above the last day
of Che week has to be In all cases estimated, as we go to press Friday night.
present below detailed figures for the week ending with Saturday,
November 5, for four years.
Week ending
Clearings at—
November 5.
Inc.or
1910.
New York...
gssssrrmsDurgn...
Baltimore
Buflalo
...
safe
>n
Bpraeuw......
Ml.
WOM-1
Trenton
York
Brie..
Binghamton
..
Franklin* II III
1909.
Dec.
1908.
%
1,996,971,639 2.245.978.904 —11.0 ,809.411,131
155,102.723
49,940,014
86,709318
0,530,167
8,052,635
5.942.622
4.957348
147,184,613
61351.377
32,975,992
9.449.875
7.543,503
6,280,428
4,825364
2,752,3071
2,903,131
3,132,009
2.870.671
1.579312
1.673327
1,408,935
1.432,432
1308.704
1387.620
1,717,010
1,781,974
1,333,947
1,545338
1,502,314
1.449,501
1,008,906
974,473
•54,992
814,388
615369
533.177
648,027
600369|
469300
403,600
455373
403,108
210.000
225,000
; Total Middle.. 2,285,344,604 2,624,514.751
±1.6
Hi
+ 6.7
—5.4
+ 2.7
—5.2
+ 9.1
—5.8
—1.6
—43
—8.6
—13.8
+43
+8.5]
+17.2
+ 15.4
—7.4
+ 163
+ 12.8
—6.7
1.5
119,571,128
39.597.395
26.121,778
7,422,772*
6,400387
4,973,183
4.487,999
2331.845
2.359.109
1327.028
1,050,665
1.192321
1.594353
1,122,938
1.331.537
801330
658.901
452,518
489,526
389.400
389367
250.000
1907.
.272,061,645
115.783,830
45,882311
26,670,058
8.291,694
5339.453
4,914.664
3,699357
1,943.428
2368.967
0337388
1.165.453
1,191353
1,052,063
1,013,019
892,805
618,052
564,734
529,357
608,700
269",760
2.033,627.009 1,496,003.695
J
j
St.
117.732.993
57.028,383
26,791338
16,669,114
12316,616
11,425,779
4,919,078
6,798.620
4,150,000
2371.604
Pauli.I
Denver.........
Duluth..
St. Joseph.
-
DesMoines
Sioux City
Wichita
Lincoln
.....
Pueblo
...
PaovMonoe
Hartford
Hew Haven. r..,
fWeceeeter
M River
Misw Bedford...
LoweD
Holyoke
Total New
Eng.l 229.839.158
204,688,514
—1.6
180,565.382
148370.919
10317,100
3,704.175
+4.5
7355.100
3,763,389
2309.185
6310,400
3,838,087
2365.020
2466,834
2.050399
ABM
2,172,662
+53
+ 10.7
1.842.430 +20.0
2.133.700 —36.9
—93
1.693388
312,441
+8.1
624322 +8.0
232,996.610
—1,4
2379.692
1,675.132
1.396.309
1.423326
634382
509,681
204376,498
2383,077
1.491327
1.275,310
856,738
585,938
572316
169.10237$
861,795
755,870
752.667
498,943
244,508
Tot. oth.West.
Louisville
Houston
Galveston
Memphis
.....
Richmond
Savannah
Fort Worth
Nashville
Norfolk
Augusta
...
Birmingham
.
Little Bosk
Chattanooga
Charleston.
Jacksonville
Mobile.
Knoxville
Oklahoma
Maoen
Austin ...
...
....
Wilmington, N.C
Total Southern
Total an
OutsidsN.
...
955,680
883,061
636.000
646365
—5.4
—2.2
+ 3.8
+ 25.3
—33.8
11.092.935
11,472,062
10,982.411
+73
7,452,663 —343
—8.8
7395,999
8347.389
14346,007
-54.9
4,792,552] —133
1319,420*
1,544,507
883,753
168.118,761
77388,460
—6.1
—13
—2.8
+ 14
—24.6
+ 42.4
—7.7
+353
15.7
—0.9
23304318 —17.9
12,940,874
16.610,754
9,421,000
10414.713
13377350 —4.0
19,425,432 +10.6]
8.145,000 + 15.7
3,905396 + 163
14363.570
+8.3
7.768,980 —6.8
—8.7
7.443.073
9387.066 —11.8
—0.6
3,641361
3312.379
4339347
2,752352
2,492,823
2,528348
1,650,009
2386302
2,617.703
2,543.566
1,680,000
1,654.685
2,032,310
2,961383
1.775.541
2,104.065
2,038,561
——2.'
—4.6
—0.4
—0.8
—7.1
+28.4
+1.6
—8.9
—4.0
1300.000
+5.4
1,652,966
667343
570318
401307
440,000 +41.4
727401 +193
±81
600,000
710,000
;
220,923446
25328.159
4.737335
3367342
2.376.188
1.605,667
1347,057
1,342375
1.168,302
866.593
823,791
700.000
526,732
645,110
299,166
—73] 113300*410
19,611,759
219.843.194
316,61$
298,458
243,710
171,074
26300
350,000
294,522,691
27,874,834
9,311.869
9.901326
5,904,095
3.722.955
4.207.062
4.891.616
2.002.083
1,084.131
900,000
499,908
500,000
553.462
+3.6
1,409338
1327303
790,000
786,683
572,007
864,956
559.622
691301
445370
420.905
350,968
498,941
322,155
221,427
79,154.504
88,153,167
1,425,000;
898316
Meridian
Jackson
1,588,227
1,731389
Beaumont
8.957,570]
6,630,022
3.634354
5.170.308
4,173,627
+60.9
1,713,706
1330,040
Vicksburg
327,683.465
34.454,647
9,838,458
—16.7
+63
1.851,798
2,842,944
1375.000
1.766386
650,000
375300
306.226
—16.4
—17.6
3300,046
7,164336
8380.474
3300300
3,723306
8.950346
567317
474.000
600301
297,799
275,000
244.315
178,027
25,719
—8.9
8,402,738
15,453,880
73413141
Atlanta
938,047
654,876
838,327
359396
+ 21.7
—6.7
—3.0
156329319
76.714,404
St. Louis
New Orleans
962.734
846,276
570,421
460,058
489,126
+83
57,415304
-3.7
33,464,425 —19.9
773,598
$23,422
Fremont
2358.444
1.667371
1,889,087
464.363
675,000
441,353
108.611.100
080.317
........
2309,926
1,590.682
2,029,499
961,658
846,513
679,860
.841,687
653,132
652.544
13358.618
10.618341
7.814.026
4.803.800
4.286.801
2,169320
550,000 +84.8
1,076.412
1,126,000
Colorado Springs
+3.7
+ 17.0
+ 7.8
2,959,728
11708,454
Davenport
Topeka
Cedar Rapids
Fargo
Sioux Falls
8330,768
1,305.949 + 24.4
1,017,000 + 37.7
1,026,419
Total Pacific..
16,047,905
in total
1,091.701
161,834
]
13,792,527
14,065,866
11,282357
3,020,156
6338,300
3375,226
+ 16.6
394,087,814
43,651,005
15,133,700
12,949,010
9.055.530
6,521,166
7,195,472
5,893,094
2,133,690
625,000
|
$
199.568.996
22348.650
—2.5
277,348
241,012
+5.2
28312 + 11.4
370,705
+ 6.9
—7.4
644,433
3.432,634
909,025
1,624,942
1,400,000
015,162
738,902
781388
....
201362.370
10,787.700
3.900,631
3,814324
2387,150
2.402387
23H.324
1,346,879
1,533,909
528,317
661,733
1907.
228,831,174
24,456.4601
610.490 —263
476.983
+ 4.2
—0.9
503.248
369321 + 19.5
444,680 —10.0
400364
+0.3
302,500 + 37.8
v
5,149,040
6,018,900
4.870.040
l
4.8
770,057 + 18.8
625,000 +83.0
621,884
+6.0
897,410] +6,1
596,430 + 113
11,022,557
=
"
961.609
408,257,994
51,049,919
16,307.331
San Francisco...
Los Angeles
Per
Cera.
ardajr.
Wo
1908.
19,561,158
+0.1
16,350,089
+ 8.0
14,168364
+ 13
8.858,235
+ 0.1
—0.6]
6,064,600
4.188.778 —10.0
3,337,784
+ 2.6
2,965.353
+ 7.0
1,886.7801 + 22.9
2383396* + 2.4
—0.4
1,443,146
992317
+8.4
1,409.979 —21.8
Not included
Lansing
+4.7
27.757350
11,800,000
Clearings—Returns by Telegraph.
Week ending November 12.
or
Dec.
1909.
%
$10 00
One Veer
Par Six Months—
-
ending November 5,
Clearings
PUBLISHED WEEKLY.
Terms of
NO. 2368.
Week
glue (fahtonirtz.
_
Railway Section
City Section
—3.
60301.696
15*603.187
10,630,758
13337347
70.799,760
33,538,312
22.978345
10.1153M
9.406313
7,499,022
3,181,
2,070.
2,001377
lVm
as#
a?;S89
982,463
239367
102.648.033
65.636.527
19.917.500
10312.055
10.731331
6.880,500
6*098*185
8.033,000
6,853,184
6.318.839
6339,915
8.008,650
6.783362
2,906,469
2.449.152
2.796.540
2.101356
2,567*143
1.579385
1,492.799
1,445,012
1,461392
1,433,700
1,446,008
948.482
716.626
$,009300
6356,965
0387301
4336353
6.781350
8373,856
2374350
2.135.656
1351,104
1,450,000
1,900,000
1355.150
1.676,737
1.592325
472300
481,154
800,666
415300
165392354
169361*600
3316.847357 3349362381
Y.Jl,410,87631$1,403373378
Note.—Tor Canadian rtssrings set
+13 1,114,631.8091.C
"Commercial and
1286
THE CHRONICLE
[VOL.
LXXXXT.
about 45,000 votes
throughout the whole State, which
considerably less even than the vote cast for the
Once again faith in popular government has been Socialist candidate.
The ballots cast for Hopper, it
signally vindicated. Once again the soundness of the would seem, consisted mainly of the votes of the In¬
judgment of the American people on the great ques¬ dependence League workers at the different election
tions of the day has received a convincing and a districts
throughout the Greater New York and the
striking illustration. The mercantile community is handful of followers which each of these was able to
interested in this week’s remarkable overthrow of: drag to the
polls. Mr. Hearst himself, who had his
political control at the elections only so far as it is; own name on the League ticket as a candidate for
an index to the
political conditions under which busi¬ Lieutenant Governor, polled about 10,000 votes more
ness will
have to be conducted in the immediate than the head of the ticket.
This last, therefore, may
future. In that sense the result must be regarded as be regarded
as the full extent of the drawing
power of
Mr.
assuring in the highest degree. If the political up¬
Hearst’s name under such circumstances. Obvi¬
heaval means anything, it is a nation-wide protest ously, there can be no
object hereafter in seeking to
against the-revolutionary and noisome doctrines to propitiate him any more than Mr. Bryan.
which certain radical leaders in both parties had in a
The most dangerous man of
steadily increasing degree been committing the two
all, of course, was exparties. Among these leaders ex-President Roose¬ President Roosevelt. He has met with the most dis¬
velt, William J. Bryan and William R. Hearst have astrous defeat of all. It is less than five months since
been shining lights, and it is one of the most note¬ he returned from his
year’s trip abroad and appeared
worthy achievements of the election that the whole to be idolized by the whole
country. This week the
three of them have simultaneously been consigned to voters
everywhere have taken particular pleasure in
oblivion by the popular vote.
emphasizing their dislike of him and in demonstrating
Mr. Bryan, it would seem, can never again be an their
hostility to his revolutionary doctrines and his
influence in his own party. He Was distinctly re¬
attempt to ride roughshod over all those who differed
pudiated by his political associates in advance of the with him in any way. No doubt the execrable con¬
election, being cast out by the party even in his own duct in which he indulged during the
campaign had
State and ignored by the Democratic conventions much to do in
intensifying the popular aversion to him.
THE FINANCIAL SITUATION.
everywhere else. Relieved of this old-time incubus,
has marched to success nearly everywhere
throughout the United States and in a way scarcely
ever paralleled in the
country’s political history. He
managed to do a little damage in his own State by de¬
feating the Democratic candidate for Governor (Mayor
James C. Dahlman being beaten by his
Republican
opponent, Ghester H. Aldrich, by 15,000, though in
1908 the Democrats elected a Governor
by 11,884),
but that has been the full extent of his
power for mis¬
chief. In Ohio, where the party at the Democratic
Convention absolutely refused to give
any quarter
to the remnant of Bry unites left, and where as a conse¬
quence Mr. Bryan threatened dire vengeance, Judson
Harmon has been re-elected Governor
by a plurality
of over 105,000—the largest
plurality given any candi¬
date of either party in recent times. And
this, too,
in President Taft’s own State.
In 1908, when Mr.
Harmon wrested the State away from the
Republicans
for the first time phis
plurality was only 19,372.
As for William R. Hearst, whose chief claim to disthe party
tinction is that he is the owner of a number of sensa¬
tional and clap-trap
newspapers, which exist to pro¬
mote his political
ambitions, he has been
by this
week’s vote reduced to a political
nonentity. Only
four years ago he was the Democratic candidate for
Governor, and, though defeated, polled an exceedingly
large vote. Since then, up to the present year, it
the
practice of the leaders in both parties to re¬
gard him with fear and trembling, and if not actually
to consult him as to his wishes in
making their nomina¬
tions, at least to sound those closest to him as to his
probable attitude. The present year the Democratic,
partyits internal management was reorganized and'}
was
Mr. ^Hearst- and his - wishes
entirely ignored. What
harm to the party has he been able'to-do? The Demo-* '
cv&m candidate, John A. Dix/is elected
was
Mr. Roosevelt has
never
language he uses, but
d;d himself, and every
dubbed with
shown
a sense
of
nicety in the
the present occasion he outone who incurred his dislike was
on
low and
colloquial epithet, such as
crook, jackass, liar, fool, thief, etc., etc. In promul¬
gating his political doctrines and proclaiming his New
Nationalism while touring the country, he
spoke with
the same disregard of the amenities of life.
He criti¬
cised the U. S. Supreme Court and
spoke of judges
“fossilized of mind,” while demanding increased cen¬
tralization and greater powers for the Federal Govern¬
ment.
Everywhere, too, he appealed to the passion
of the masses and indulged in spectacular
speeches
which
were
some
meant to incur the favor of the
part of the population, such
make the
corporations
come
the mob
come
It is
clear that all his
now
as
unthinking
the declamation, “I will
to time and I will make
to time whenever I have the
power.”
rambling remarks arid
say¬
ings had precisely the opposite effect to that intended.
In addition, the insufferable egotism of the man was
such as to produce popular (revulsion.
There could be but one outcome to 'his campaign of
vituperation and vulgar abuse. In every place where
he spoke the effect has been to increase the Demo¬
cratic majority, and every candidate he selected for
special condemnation seems to have met with addi¬
tional favor on the part of the people,
In New York
State, where Mr. Rooseyelt carried “on a personally
conducted campaign and where he engaged in all sorts
of misstatements and misrepresentations of the Demo¬
cratic candidate, John A. Dix, the: latter has succeeded
in getting a popular plurality, as already stated of,
about 70,000. In Connecticut, where he assailed the
.Democratic candidate, Sitneon E. Baldwin, a judge
bf ‘high standing, the effect wa&td carry the latter into
office by a plurality of 3*600 Votes, though all the test
by a plurality pf the Democratic ticketpdfrhich was never"Supposed
temost 70,000, and the Independence
League can-'' to have a ghost of; a chatfoey ’Was defeated.^: In Massa¬
didate for Governor, John J.
Hopper, received only chusetts, where he came to the support of his friend,
of
Nov. 12
THE CHRONICLE
1910.]
1287
Lodge, and where he denounced the Demo¬ ered. We may be sure that truckling to him will now
cratic candidate, Eugene N. Foss, as a stock-jobber, go out of fashion.
the latter received 33,000 plurality over the Repub¬
Herein lies the greatest significance of the week’s
lican candidate, Eben S. Draper, who last year was
elections. The three great self-seeking political agita¬
elected by a plurality of 7,934 votes.
So it was everywhere throughout the country. It tors—Roosevelt, Bryan and Hearst—have all been
is evident that the voters were determined, anyway, repudiated and rejected.
They can, therefore, safely
to declare their opposition to the radical policies which be ignored and we may be sure, too, that they will be
the Republican Party had fathered; but the vote left out of the reckoning in the future by the party
against the Republican candidate was increased leaders. But the Democratic landslide which has
wherever the latter appeared friendly to Mr. Roose¬ reversed a Republican majority of 47 votes in the
velt, or where the party convention had in some way present Congress into a Democratic majority of 60
declared adherence to Mr. Roosevelt or liking for his votes in the new Congress, and which has carried
attitude. The result is seen even in States where a Democratic Governors into office in States now having
change of political control did not actually occur. Republican executives, such as New York, New Jersey
For instance, the Kansas Republicans at the State (Woodrow Wilson has a plurality of about 50,000),
Party Council at Topeka, Kan., on Aug. 30 had sent Connecticut, Massachusetts, and which has continued
“greeting to Theodore Roosevelt, the New World’s Governor Harmon in power in Ohio, a normally
champion of the rights of man in the world-old contest Republican State, is a rebuke also to President Taft.
between rising humanity and the encroachments of He has been the most conspicuous exponent of the
special privilege.” Yet Walter R. Stubbs, the Re¬ Roosevelt policies and has undertaken to carry them
publican candidate, pulled through only with a plu¬ into effect through legislative action by Congress.
rality of about 14,000, whereas two years ago his His adherence to the Roosevelt policies availed him
plurality was 34,307. Evidently radicalism is not so nothing. The Republican Party went down to defeat
rampant even in Kansas as we had been led to think. all along the line.
No doubt there was dissatisfaction with the Tariff
In Indiana Mr. Roosevelt’s friend, Senator Beveridge,
and for whom he made a special speech, has been rele¬ Bill, and no doubt also the high cost of living served
gated to private life, the Legislature having a Demo¬ to alienate many voters from the Republican ranks.
cratic majority of 33 on joint ballot.
Most important But that is only a small part of the story. Taft’s entire
of all, his personal spokesman, Congressman Cocks, legislative program served to drive many of the ordin¬
went down to defeat in the Oyster Bay district. ary adherents away from the party ranks.
We per¬
Not only that, but in Nassau County (Mr. Roosevelt’s sonally know of a good many Republicans who last
county) Mr. Stimson, the Republican candidate for spring when they found that the Federal Corporation
Governor, was left in the mindmy. More than that, Tax applied to small private State corporations, not at
Mr. Roosevelt’s candidate lost the town of Oyster all engaged in inter-State trade, expressed their deter¬
Bay, and even Mr. Roosevelt’s own election district mination to vote against the Republican ticket this
went against him on the Governorship by a vote of year, and took occasion to make good their word the
218 against 158.
It had all along been supposed that present week. Thousands of Republicans, too, have
the people of Oyster Bay glorified Theodore Roose¬ taken issue with their party because of the amend¬
velt, and particularly that his own immediate neigh¬ ments made by Congress to the Inter-State Commerce
bors took extraordinary pride in him. It is apparent Law, vesting the Commission with arbitrary and auto¬
now that when they flocked to see him it was because
cratic powers.
This includes many small inves¬
tors.
they looked upon him as a great uncaged curiosity,
In the last analysis, then, this week’s elections are
very much as children look at wild animals held in
captivity. Their vote on the present occasion cer¬ a declaration in favor of a return to those principles
tainly shows that they do not endorse his views or under which the country and its business interests
excuse his bad manners.
prospered and progressed for over a hundred years.
All this, of course, makes a wonderful change in the The lesson should be a salutary one to those guiding
political situation. Before the election Mr. Roosevelt the destinies of both the great political parties. Since
was regarded as a
great power whom no one could the close of the Civil War the Republican Party has,
disregard and whom every one must consult. It on the whole, been much the more conservative. It
will be recalled how after his return from the other has taken much less readily to wild and erratic notions
side all the political leaders felt in duty bound to than the opposition party. It has therefore been
call upon him at Oyster Bay and make obeisance to able to command a majority of the popular vote.
him.
He was courted everywhere and in every way. This leadership, we should judge, it will be able to
Everybody sought to ascertain his views and wishes, regain if Mr. Taft bows to the popular verdict and
Senator
and
seemed to think it necessary to consider
President Taft at all. How general the adulation was
abandons the condemned and contemned Roosevelt
will appear when it is recalled that in
Gov. Hughes felt it incumbent to make a
their part, also have a command
in favor of conservative action. So long as they
allowed Bryan to lead, or rather to mislead, them, the
people would have nothing to do with them, but the
present year when they brought forward such pillars
of excellence as Woodrow Wilson in New Jersey, Dix in
New York, Foss in Massachusetts, Baldwin in Connec¬
ticut and Harmon in Ohio, they ride easily to victory*
The Presidency two years hence will go to the party
no
one
July even
journey to
Oyster Bay and ask the favor of the great man, seeking
his aid on behalf, of direct primaries and beseeching
him not to affiliate with the bosses who had been
opposing the Hughes legislative
program.
How great
must be the solitude of: the man now, with no one to
do'him homage any more, for he has lost his pull with
thgr people and need; therefore, no longer be consid-,
policies.
The Democrats,
on
1288
THE CHRONICLE
which
[VOL.
IiXXXXI.
recognizes and heeds the lesson of Tuesday’s station in 33d St. at the intersection of Sixth Ave. and
Broadway, the point of concentration of travel known
as Greeley
Square. At this station are ticket offices
The monthly statement of the Copper Producers’ of the
Erie, Susquehanna, Lehigh Valley and Penn¬
Association, issued the present week, is favorable in sylvania roads, and here is at least one prominent
the same sense that last month’s statement was. In “centre” of the
hotel, shopping and amusement dis¬
other words, there is another reduction in the accumu¬ tricts of this
city. This particular piece of extension,
lations of unsold stocks of copper. The decrease, how¬ about one year in
building, finishes about eight years
ever, is much smaller than was the decrease for Sep¬ of work upon what are sometimes called the McAdoo
tember, being only 9,531,800 lbs., as against 20,087,- tubes. It forms, together with the great work of the
531 lbs. decrease. The deliveries for consumption
Pennsylvania, nearly all that has been accomplished
and export were again large (though not quite up to in the last four or five
years in enlargement of strictly
those for September); but there is a disturbing feature local travel in the
borough of Manhattan.
in the fact that there was again an increase in the out¬
During the last decade, it is estimated that the
put of the metal. We had been given to understand Pennsylvania has expended here some 140 millions
that a policy of curtailment was to be practiced. the N. Y. Central and New Haven
over 90
millions,
Instead of that the product for October reached 126,- besides smaller amounts
by the other roads from the
469,284 lbs., which compares with 119,519,983 lbs. New Jersey side of the Hudson and
perhaps 70 millions
in September, and is the largest amount of
The precise total and precise
copper by the McAdoo lines.
turned out in any month on record with but one ex¬ contribution of the several
systems to it are not im¬
ception. In the following we furnish a comparison of portant in connection with the point that this
huge
the figures of stocks, production and deliveries both
outlay, all directed upon improvement of local trav¬
for October and the ten months ending with October.
eling facilities, has been made by private capital in
October
Jan. 1 to Oct. 31—
the manner which is characteristic of
private capital,
1910.
1909.
1910.
1909.
Stocks beginning perlod.lbs_148.793.714 151,472,772
at least when operating in a settled section.
141,766,111
122,357,266
The
Production
126,469,284 124,657,709 1,209,429,438 1,165,956,032
projectors
have
started
from
an existing traffic and
Total supply
275,262,998 276,130,481 1,351,195,549 1,288,313,298
an unmistakable
Deliveries tor—
demand, as a point of departure.
Domestic consumption
67,814,172 66,359,617
645,030,532
568,674.217
They
have
had
in
Export
every instance a perfectly clear mid
68,186,912 56.261,238
566,903,103
566,129,455
sound
idea
of
what
136,001,084 122,620,855 1,211,933,635 1,134,803,672
they were undertaking, neither
Stocks end of period
139,261,914 153,509,626
tangled
nor confused by any dream notions.
139,261.914
153,509,626
They
have proposed to meet and enlarge an
It will be observed from the
foregoing that the out¬
existing need,
rather
to
create
one
from
the
put of copper for the ten months of 1910 was 1,209,beginning. They
have
had
a
coherent
and
consistent
000,000 lbs. against 1,165,000,000 lbs. in the corre¬
plan, have carried
out
construction
in
a
hard-headed
sponding ten months of last year, but that the deliv¬
yet broad manner
and have kept at the minimum all incidental
eries were even larger, reaching
1,212,000,000 lbs.,
wastes,
as against
1,135,000,000 lbs., and that as a conse¬ including the waste of interest while their work was
quence stocks of copper are smaller now than they not in the productive stage.
Here is an object lesson, not given for the first
were at the opening of the
year.. It is proper to say
time,
of the contrast between the results when
that the foreign visible supply has also
private
decreased, being
198,065,280 lbs. Nov. 1 1910, against 210,472,640 lbs. capital does things, expending in direct accountability
to those who furnish the money,
Oct. 1 and 244,204,800 lbs. Jan. 1.
and the results of
expending public funds, under the direction of persons
who do not contribute the funds and are not under
The statistics as regards iron and steel
production
are much less
encouraging, a fact, however, which is any felt accountability to anybody. In the one case
not surprising,
considering that the railroad industry, there is concentration of means upon a definite end
the largest consumer of iron and
steel, is under a cloud under strict responsibility; in the other, the end itself
at present from which it cannot be
expected to emerge is somewhat indefinite, the work is done at political
until it is known if the railroads are to be allowed to meet and personal cross-purposes, and there is
nobody to
enforce
rising cost of operation by an increase in rates. The
accountability, because nobody feels the touch
Steel Corporation has the present
week made public upon his own pocket. The lesson might well be
its report of the unfulfilled orders on its books for the heeded.
end of October, and this shows a further reduction in
the aggregate of these orders,
The conferences between the British Liberals and
bringing them down to
2,871,949 tons, which compares with 3,158,106 tons the Conservatives held during the summer and autumn
on Sept. 30,
3,537,128 tons on Aug. 31, 3,970,931 tons months, with a view to arriving at an arrangement for
on July
31, 4,257,794 tons June 30, 5,402,504 tons modifying the veto power of the House of Lordshaving
March 31 and 5,927,031 tons Dec. 31 1909. The proved abortive, fears were entertained yesterday that
“Iron Age’s” compilations
giving the output of pig a general election might be precipitated at any moment.
iron for the month of October have also been issued The uneasiness was aggravated when it became known
the present week, and
they show 2,087,385 tons of that Premier Asquith had gone to Sandringham to
iron made in the 31 days of
October, as against 2,056,- discuss affairs with King George. It is stated that one
275 tons in the 30 days of
September, but comparing faction of the Ministerial Party is desirous of throwing
with 2,599,541 tons in October last
down the gauntlet forthwith, but that the Prime Min¬
year.
ister favors a delay until the Parliamentary sessiony
On Thursday morning was
opened the latest, al¬ which begins next Tuesday, is over. , These political
though not the final, extension of the Hudson River uncertainties yesterday weakened British
securities,
tubes to 28th St, and Sixth Ave. and to the
“concourse” Consols again falling to 78%, the low point in morefthan
elections.
...
Nov. 12
sixty
1910.]
years.
THE CHRONICLE
1289
Trade throughout Great Britain has leading German and Austrian banks, including the
extremely prosperous this year, and it may be Rothschilds, to take 7,000,000 Turkish pounds (about
fairly assumed that the powerful mercantile interests $31,500,000) 4% bonds at 84. The issue is to be
secured by the customs revenues at Constantinople.
are averse to throwing the country into a state of acute
political agitation at this juncture. The situation, High politics rather than strictly financial considera¬
however, is so intricate, and the present position of the tions presumably governed this long-delayed financing.
Liberal Party in the Lower House is so awkward in The Young Turks first approached Paris to have the
respect to the power still vested in the Upper Chamber, loan underwritten there, but the French Government,
that another appeal to the country may be determined which is more and more influencing the international
activities of the principal French banks, intervened,
upon at all costs.
and because satisfactory assurances could not be ob¬
The $50,000,000 Chinese loan awarded to a powerful tained concerning the use that would be made of the
London was next
group of American bankers a fortnight ago is to be funds, negotiations were broken off.
handled jointly by American, English, French and sounded, and Sir Ernest Cassel, who now occupies a
German banks, and, according to cable advices from veiy powerful position in the British financial world,
London, accepted as authoritative, an agreement was on the point of undertaking the project when
has been drawn up providing for “the co-operation of apparently the intimation came from French diplo¬
the signatories in the matter of future loans to the matic sources that such action would not be welcomed
Chinese Government and mutual participation there¬ by the French Government. Once again negotiations
in.”
Diplomatically and financially this latest de¬ were abandoned. A second time overtures were made
velopment is at once gratifying and advantageous, for to Paris, and just when everything was reported to
it overcomes whatever jealousies might have been har¬ have been virtually settled, a hitch occurred which
bored against our bankers by Europeans, and at the ended in the abortive termination of the negotiations.
same time facilitates the raising of the
large sum called From unofficial sources it was learned that the Turkish
for. As far as the United States is concerned, the Government proposed to spend a large part of the
importance of the loan lies in the circumstance that proceeds in the purchase of military supplies in Ger¬
it allows this country to play a leading part in propa¬ many, a course which was displeasing alike to France
gating the financial and commercial progress of the and Great Britain, as well as to Turkey’s northern
Chinese Empire. The awarding of this loan, the first neighbor, Russia. Indeed, the close alliance existing
of its kind, to American bankers, was a fitting out¬ between these three, countries, and their common
growth. of the friendly relations that have so long ex¬ lack of cordiality towards Germany, are believed to
isted between the two peoples, a friendliness that was have greatly influenced both the French and the
demonstrated in practical form by Secretary Hay in British banking interests. Under these circumstances
China’s hour of need, by President Roosevelt and his it was natural that Turkey should turn to her ally,
advisers in remitting the Boxer indemnity, by Secre¬ Germany, for the money, which was to be for the most
tary Knox on a more recent occasion, and in other in¬ part spent there. Berlin as a lender of a large sum to a
stances.
As the United States becomes more and foreign government is somewhat akin to New York as
more a nation of manufacturers, it will be
increasingly the underwriter of a huge Chinese loan, inasmuch as
necessary to find profitable outlets for our merchandise, both centres are more accustomed to borrowing than
and there is no more alluring field than that of the vast to lending abroad. In both cases, however, the quid
Chinese Empire, now slowly emerging from Oriental pro quo consists less of the strictly banking profits than
stagnation, and destined, to all human appearances, to of the benefits to accrue from the resulting business
become one of the greatest markets in the world. Other dealings.
The Deutsche Bank lias during recent
countries doing business with China enjoy potent ad¬ years won an enviable place in the international bank¬
vantages in the way of possessions nearer the princi¬ ing world, and it will no doubt be able to handle this
pal consuming centres, to say nothing of close banking Turkish loan successfully; but it is quite conceivable
relations, but America is taking the proper means to that circumstances may arise to prevent Germany
offset its handicap in this connection, and there is from extending all the additional assistance the Young
every reason to look forward with confidence to the Turks are likely to need, if they carry out their am¬
cultivation of profitable intercourse.
Incidentally, bitious plans for building up armaments and develop¬
the voluntary granting of a share of the loan to Britain, ing the country’s agricultural and industrial resources
France and Germany is a wise concession to the
The movement to bring about more friendly trade rela¬
bankers of these countries, and will perhaps facilitate
tions between Canada and the United States is grad¬
the opening up of Continental markets for our securi¬
ties, a desideratum never absent from the minds of the ually taking concrete shape. Representatives of these
bankers upon whom rests the responsibility of supply¬ countries, delegated by the respective governments,
have held a series of conferences during the last week
ing the enormous amount of capital requisite for the at
Ottawa, as a preliminary to a more important ses¬
extension of our transportation systems, the upbuild¬
sion to be held in Washington next January, when the
ing of our great industrial corporations, the develop¬
ment of our mineral resources, and the other enterprises practical phases of reciprocity will, it is believed, be
taken in hand.
The progress already made is thus
incidental to the growth of a young and virile country
officially described by the Canadian Minister of Fi¬
of unlimited potentialities.
nance, Mr. Fielding:
'*
been
t
“The conference between the
„
i
.
„
representatives of the
subject of improved
inducing a
The conference be¬
loan.1 Official announcement came on Thursday that
gan on Saturday, the 5th inst., and was continued 6n
th& ^Deutsche Bank has formed a syndicate of the Monday, Tuesday and Thursday. The whole disAfter much
tergiversation, Turkey has succeeded in
powerful group of bankers to float her large
United States and Canada on the
trade relations terminated to-day.
1390
THE CHRONICLE
cussion was of the most frank and
friendly nature.
While no conclusion was reached, the ground was
cleared for a further conference, which will be held in
Washington, probably early in January.
The mem¬
bers of the conference, Messrs. Hoyt, Pepper and Fos¬
ter, representing the United States, and Messrs. Field¬
ing and Patterson, representing Canada, separated
with the strong hope that on the resumption of the^conference at Washington an arrangement can be reached
that will prove acceptable to people on both sides of the
boundary line.”
The foregoing was supplemented by Mr.
Pepper,
representing the American members of the conference
as
.
follows:
“We leave Ottawa feeling that the outlook is good
for a successful issue of the negotiations when
they are
resumed at Washington.
We have
much the cordial manner in which we have been re¬
appreciatedfvcry
ceived in Canada, and the frank and friendly spirit in
which the Canadian negotiators have met us .^How¬
burdensome—indeed, virtually prohibitive—tax
upon any excess
production.
American contracts could
terms, inasmuch
of the potash.
Protests
what
wcxxxi.
was
were
as
not be filled
the tax
made
represented
This meant that the
was
by
as a
our
on
the
original
greater than the value
Government against
law designed inordinately
to tax commerce with America and
destroy advan¬
tages gained by American manufacturers under con¬
tracts entered into before the law was
promulgated.
That this is
but
one
result of the law cannot be
Germany contends, and
disputed;
at least with superficial
does not single out the
accuracy, that the measure
United States for discriminatory
treatment, but applies
to all parties interested in the
industry. “Are we not
entitled to regulate our own mines?”
is, in effect, the
rejoinder.
Technically and theoretically Germany
would appear to be entitled to
pass
whatever laws she
pleases dealing with the producing of potash or any
none.
other commodity; but on this occasion the fact cannot
be seriously disputed
by Berlin that the statute now
“The time has arrived when,under the terms of the
resented was drawn up for the
purpose, inter alia, of
American tariff law, its maximum provisions will have
nullifying the important contracts between independ¬
to go into effect; in this
respect, it is-pointed out, the ent miners and American
importers. The plea that
law is automatic as well as
mandatory.” This alarm¬ the German Government was desirous of
preventing
ist statement was contained in a
dispatch from Berlin the too-rapid deplet ion of the deposits may be
granted;
covering an interview with M. H. Davis, the com¬ yet it cannot be denied that the
manufacturers
mercial adviser of our State Department, on the dis¬
who find their profitable contracts
spoiled have every
pute that has dragged along for months over the terms reason to feel
chagrined and that the State Depart¬
on which potash
ma}^ be exported to the United States. ment was
justified in making every effort to secure
The intimation that a tariff war with
redress.
Germany had
become unavoidable naturally excited
We are not convinced,
apprehensions
however, that the situation
in the business world,
especially as the official here demands so drastic a reprisal as the institution of the
quoted represented, according to the cable dispatches, maximum tariff
upon the importation. of all kinds of
that President Taft could not avert
merchandise
issuing an ulti¬
from the German Empire.
Such re¬
ever, we cannot
make
which have been
*
very
[Yoii.
matum.
But
statement as to any conclusions
reached because there have been
a
examination of the somewhat com¬
plicated facts creates the impression that an open
rupture between the two governments may, and cer¬
an
tainly should, be rendered
unnecessary
by the exercise
of tact and mutual conciliation.
It would be as tedious to narrate the details
of the
taliation is
two-edged sword. President Taft
well hesitate to use it at this juncture, for his
Administration already has its hands full and its mind
sufficiently perplexed by problems of more intimate
interest and more general importance. The “broken”
contracts—although it is not quite correct to apply
that term, inasmuch as the contracts are stated to
have stipulated that “any government charges should
likewise be borne by the buyer”—will not
prevent
the American parties to them from
importing supplies
on the same terms as their
competitors. Advices
from Washington that the German Ambassador has
approached Secretary Knox to avoid an open rupture
encourage the hope that the dispute will be settled on
a fair, businesslike basis.
as
a
may
it is difficult to summarize the facts
appearing to give a one-sided view' of the case.
Briefly and broadly, Germany owns the most valuable
potash mines in the world, and is the principal ex¬
porter of the salt to the United States, where
large;
quantities are used in chemical processes, particularly
for fertilizer purposes. A
syndicate existed in Ger¬
many for controlling the market, domestic and export,!
but so plentiful was the
supply that independent pro¬
ducers sprang up and undersold the
syndicate members
so freely that the
syndicate dissolved. Certain Ameri¬
The resumption of the flotation of government loans
can
importers took advantage of the resulting in London, illustrated by large issues
by New Zealand
demoralization to make very extensive
long-term and Greece, serves as a reminder that London must
contracts with one or more influential
mining interests always be prepared not merely to supply gold to her
on, of course, attractive terms.
Other producers, on
dependencies and to finance her own Treasury and
discovering that the American demand for years to Stock Exchange, but to withstand demands from
come had been to a
large extent met at low prices, any and every quarter of the globe.; It is well,
began to agitate foe a change in the status; the exports therefore,
that the Bank of England has taken
to this country
approximate one-half the total foreign effective means to buttress its resources. Within
shipments. The question was diplomatically shelved a fortnight the Bank's ratio of reserve to liabili¬
when the two governments wrere
conducting tariff ties has improved fully 5% through an increase of
negotiations, but last May, after Germany had &dticed our Government to
extdiid^o her our minimum j
tdilff schedules, the
Reicllkagnpassed an Act reguM ditT in 1909, 1908 and'1004.J"'tow charges for
IMng the potash output (iticlhding an allotment of modation are, therefore'
regarded as unlikely during
tjh&ntity among the operating mines) and imposing5 a the balance of ttie year! ' At this week's
stock market
controversy
without
as
^accom¬
Nov. 121910.]
THE CHRONICLE
settlement the contango rate on American securities
was not less than 6%, while other Stock Exchange loans
1291
We
might add that the New York authorities have
tolerating far too much interference with the lib¬
were
made at 534%* Since then discounts have erty of the citizen by men on strike. Tolerance
advanced to the basis of 4%% for 60-day bills, and if of lawlessness breeds a contempt for constituted
other large foreign loans have to be met, the value authority which is apt to bear
ugly fruit.
of money may easily increase appreciably.
Yester¬
The Bank of England for the second week in succes¬
day's run on the Birkbeek Bank was purely a local
incident of no serious consequence. The Bank sion was able to report a decided
improvement in its
of France is reported to be averse to sending more metallic resources and a reduction in its loans.
It
gold to London at present, although this week's again secured, at the minimum price, the bulk of the
statement discloses a nominal gain in the amount on new South African
gold offered in the open market,
hand as well as the extraordinary reduction of $123,- and
although there were small shipments, as our
3een
000,000 in discounts and note circulation. Berlin special correspondent in London shows, to South
will have enough to do in financing the Turkish loan; America and
Egypt, the net result was a gain of
already bills to arrive are charged 4%%. Foreign £443,405 bullion, making a total of £1,380,530 in
exchange rates in New York this week fell to within a fortnight. The total increase in reserve reported
measurable distance of the
gold-import point, but,
all
things considered, it is not regrettable that no
efforts were made to force an inflow, because such a
movement would have been resented by London and
might have led to the declaration of a 6% Bank rate.
As it is, the 5% rate should suffice provided the
foreign
and domestic applications for capital be of normal
volume and the exchanges remain in London's favor.
The weekly consignments of gold from South Africa
are now going
largely into the Bank's vaults, a remark
that may be supplemented by the statement that the
output of the metal in the Transvaal last month
reached 653,147 ounces, the second highest
monthly
Thursday was even greater, the figure for the week
reaching £878,040. Furthermore, loans were reduced
by no less than £1,302,093, bringing the curtailment for
the two weeks to £3,473,123, an unusual showing in so
short a period.
There was a nominal increase (£37,079) in public deposits, but ordinary deposits fell off
£772,007, while circulation, which a week ago increased
£857,055, decreased £436,086. These various changes
on
combined to raise the ratio of
reserve
to
liabilities from
49.11% last week to 51.91% this week. It remains
true, however, that the total amount of bullion on
hand, $32,698,865, is still uncomfortably small, and
the security markets will have occasion for
feeling
total on record.
satisfied if no higher than a 5% minimum rate has to
be named between now and January.
Our corres¬
Laxity in checking and punishing lawlessness has pondent further advises us that the gain was due
on more than one. occasion been
charged against the wholly to purchases in the open market.. The details
United States by other nations, and the latest com¬ of the movement into and out
of, the Bank were
plaint, put forward by Mexico in consequence of the as follows: Imports, £758,000 (wholly bought in the
reported lynching on Nov. 3 of Antonio Rodriguez, a open market); exports, £61,000 (of which £51,000 to
Mexican, at Rock Springs, Texas, has been followed by Peru and £10,000 to Egypt), and shipments of
a regrettable anti-American demonstration in the
City £254,000 net to the interior of Great Britain.
of Mexico. Ambassador Wilson on
Thursday informed
the State Department that he had protested to the
Foreign discount rates are being influenced by im¬
Mexican Department of Foreign Relations because of pending Government loans of
magnitude, and it is
insults against Americans on the previous day, when natural for rates to manifest firmness as the
closing
“the police stood by idly while the Stars and Stripes weeks
pf the year approach, .jThe greatly improved
were
being insulted" by a disorderly mob. On Wed-1 Bank of England statement issued on Thursday did
nesday evening two Mexican students and a Mexican not | bring about a lowering of private discounts in
onlooker were killed by the police in attempting to
pre-1 London; on the contrary, the market has since then
serve order, and no fewer than 217
persons were arres¬ stiffened appreciably, until to-day 60-day bills are
ted. The American Consul-General in Mexico City, quoted at
4%% and 90-day bills at 4)4% both for
Arnold Franklin, reports that the students paraded the; spot and to arrive. As was
explained a week ago,
streets shouting “Death to
Americans," and threatened j very low rates would not be welcomed by the Rank
the Consulate, while they also pulled down an American because of the effect
upon the international exchanges.
flag from a business house, trampled it and tore it to The. decision of German and Austrian banks to float
pieces. .Since then the Mexican authorities have the much-discussed Turkish loan has brought about
restored order, at least temporarily, although
public somewhat higher quotations for money at Berlin,
sent iment is: still ruffled.
The whole matter is being notwithstanding that this week's, Reichsbank state¬
investigated by the Washington authorities, and it is ment showed a substantial increase ,in: cash and a
expected t^iat the Mexican Government, which was in radical curtailment in loans and note circulation. Spot
no way involved in the
outbreak, will promptly,make bills are not now negotiable below 4%%, while bills to
amends.
At the same time Mexico is
likely to demand arrive have advanced to within 34 pf 1% of the
reparation for the outrage alleged to have been per¬ official minimum of 5%. Paris is. likewise discussing
petrated at Rock Springs. The continuance of the the probability of dearer money although here also
barbaric crime of lynching at this stage of
America^ tjtte Bank was able, this week to record a,de<?$^se
fully $4Q,000,000:)jn),nqtq j circulation and
,
, ,
>
Jthau $82,000,000 ujn;>bdls discounted,:, So iary^be
vsWScarcely Re gamsaid .f^t too much Jem- discount rate has nQ^mqyed upwards, the figure bpji&fc
jg* lawless mobs in /still: 2%%.} Amsterdam has ..ruled easy, at a shade
AiQ00Br;i(M aonun'urv
0
nnb
the past
v
etna
and that the results have been deplorable
below last week’s rate of 434%
•
Brussels,
on
the
1292
THE CHRONICLE
[VOL.
LXXXXI.
other
hand, sends a higher quotation—4%%. There made with safety. First, as to the cause: Drawing
were no
changes in European bank rates during the of exchange against new securities recently placed
week, nor is any advance threatened at any of the abroad, the seasonable increase in commodity exports,
the rehabilitation of the Bank of England’s reserve, and
principal points.
renewed borrowing in Paris and London by our bankers,
Money has been easier to borrow on high-grade are all enumerated as contributing to depress rates.
Stock Exchange collateral since the election, a fact But stiffening influences have not been wanting—a
that lends itself to various interpretations. Those contango rate in London of 6@6%%, a discount rate
optimistically inclined contend that the freer offer¬ of as high as 4%%, some selling of American stocks
ings reflect greater confidence by the banks in the out¬ and an easier feeling in our own money market may
look for staple financial conditions; others claim that be cited. How New York will remit the proceeds
the money is coming from very influential sources of its share of the Chinese loan is not
yet known; among
where there is no desire to invest it in securities or exchange experts here the feeling is that nearly the
utilize it in the extension of business organizations. whole issue will consist of sterling bonds and that the
The money brokers say that certain large lenders, not American subscriptions will be
comparatively small, a
deduction
stimulated
banks, are willing to release a great deal of cash at
by the sharing of the flotation
with
the
slightly below the general market rates, provided the
principal European bankers.
security supplied be in accordance with the specifica¬
Turning to the effect of low exchange rates, there
tions laid down by the lenders. There has, however, has been a disposition, more
especially in Stock
been only limited absorption of this money.
Indeed, Exchange circles, to discuss gold imports. Much has
since business was resumed on Wednesday morning, been said of the cheapness of
money in Paris as con¬
the demand for collateral loans of any kind has been trasted with its value here, and the off-hand deduction
notably light, the only exception, an unimportant one, has been drawn that an inflow from that city would
being a fair inquiry for funds to mature immediately be natural. Bankers are less hopeful. They explain
after the new year. The consequence is that the that, though exchange quotations are not very far from
market has the appearance of being oversupplied, the basis of gold imports from Paris and London,
any
whereas the excess offerings are more apparent than attempt to engage the metal would in all
probability
real, as would no doubt be quickly demonstrated were excite immediate and emphatic hostility. European
the stock market to broaden so as to involve active centres are now preparing to handle
large government
borrowing by brokers. Judging from the disclosed loans, the customary end-of-the-year mercantile de¬
position of the Clearing-House banks last Saturday mands for accommodation are approaching, and
and the known movements of currency since then, rather than part with gold, Europeans would probably
to-day’s weekly statement is again likely to show the liquidate part of their holdings of our securities.
need for care in extending commitments, although it That, at all events, is the best opinion here.
is possible that the disparity between loans and de¬
Compared with Friday of last week, sterling ex¬
posits will on this occasion be modified instead of, as change on Saturday was weaker, with 60 days quoted
at 4 82@4 8210, demand at 4 8575@4 8585 and cable
during a series of recent weeks, intensified.
The quotations for time loans, after having touched transfers at 4 8635 @4 8640.
Demand broke to 4 8555
5%% f°r 60 days and 5%% for 90 days, close on the @4 8560 on Monday, cable transfers to 4 8610@4 8615
following basis: Over-the-year and 60 days, 5%; and 60 days to 4 8170@4 8175. On Wednesday
90 days, 4%@4%%; four, five and six months, 4%@ demand recovered to 4 8570@4 8575, cable transfers
to 4 8615@4 8625, but 60 days fell to 4 8165@4 8175.
4% % Call money loaned on Monday at the previous
On Thursday demand declined to 4 8550 @4 8560,
maximum for the season, 4%%, but after the election
cable transfers to 4 8605 @4 8615 and 60 days to
that figure was not again reached. The top on
Wednesday 4 8160@4 8170. On
Friday weakness again prevailed,
was 4%% and on
Thursday 4%%, while yesterday demand
falling
below
4 85)4 and cable transfers to
the range was 3%% to 4%, the final loan being
4 86.
made at 3%%. At the close on most days balances
The following shows the daily posted rates for
were placed at 3% or less.
The average ruling rate
sterling exchange by some of the leading drawers.
for the week has been 4%%
Commercial paper, even
Fri.,
Mon.,
Tuts.,
Wed.,
Thurs., Fri..
of the best quality, is now so plentiful and the com¬
Nov.
4 Nov. 7 Nov. 8 Nov. 9 Nov. 10 Nov. 11
petition to place it is so keen that a lower rate than Brown
82 *
/60 days 4 83
82*
82*
82*
86 *
86 H
Bros. & Co
...1 Sight.. 4 87
86*
86*
82 *
82 *
82 *
/60 days 4 83
82*
6% is seldom obtainable by drawers. The erratic Kidder, Pea86 *
86 *
\ Sight.. 4 87
body & Co
86*
86*
82 *
fluctuations on the Stock Exchange, however, are ex¬ Bank of British
/ 60 days 4 83
82*
82*
82*
North America. ...1 Sight.. 4 87
87
87
87
87
82 *
Bank of
days 4 82*
/60
82*
82*
82*
pected, if they continue, to redound advantageously
HOLI86 *
86 *
86 *
Montreal
1 Sight. 4 86*
86*
4
82
DAY.
82
Canadian
Bank
/
60
days
82*
*
82*
*
82*
to the mercantile paper market.
The output of bills
86 *
of Commerce
...1 Sight.. 4 86*
86*
86*
86*
/ 60 days 4 83
82*
Heldelbach, Ickel82*
82*
82*
of all grades continues on a scale that cannot be
87
86
4
helmer & Co
Vi
\Slght._
86*
86*
86*
easily Lazard
82
82
82
4
82
82*
J60 days
86
86
86
86
Freres
coped with by financial institutions in their present
\ Sight.. 4 86*
82 *
Merchants’ Bank
/ 60 days 4 83
82*
82*
82*
86 *
86 *
of Canada
86*
___\ Sight.. 4 87
86*
loaned-up state; hence firm quotations are maintained
for both single-name bills and receivables. The
range
The market closed on Friday at 4 8130@4 8140 for
is 5% @6% for prime four to six months’
single names, 60 days, 4 8540@4 8550 for demand and 4 86@
6%@6%% for less desirable bills and 5%@6% for 60 4 8605 for cables. Commercial on banks was quoted
to 90 days’ endorsed bills receivable.
at 4 80)4 @4 80% and documents for payment 4 81%
t
•
•
_
Demand
mum
of 4
sterling having fallen this week
85)4, and cable transfers
has been aroused
sequel.
as
In neither
to the
case
can
cause
to 4
@4 81 %.
to
a
Cotton for payment ranged from 4 80% @
mini¬ 4 81, grain for payment from 4 81% @4 81%.
86, curiosity
and the
possible
positive statements be
The
following gives the week’s movement of money
interior by the New York banks.
to and from the
Not. 12
THE CHRONICLE
1910.]
Received
Week ending Nov. 11
,
Odd
bp
Shipped bp
N. Y. Banks. N. Y. Banks.
1910.
...
Total gold Mid legal tenders
Net Interior
Movement.
S6.481.000
1.191.000
S4.820.000 Gain
1.074,000 Gain
S7.672.000
85.894,000 Gain SI.778.000
SI.661.000
117,000
pivotal States like New York, New Jersey, Connecti¬
cut, Indiana and Massachusetts should have swung
over, in most cases by great majorities, to the Demo¬
crats, and that such Republican strongholds as Iowa
and
Pennsylvania should actually for a time have
doubt—so heavily were their Republican
pluralities impaired—are occurrences never witnessed
Into
Out of
NetChangein
Banks.
Banks.
Bank Holdings.
Week ending Nov. 111910
save in the face of political revolutions of wide propor¬
Gain
$5,894,000
S7.672.000
SI.778.000
Banks’ Interior movement, as above
tions. The remarkable fact that the Republican
29.700.000 Loss
28,100.000
1,600,000
Sab-Treasury operations
House of Representatives plurality has disappeared,
S3S.772.000 S35.S94.000, Gain
$178,000
Total gold and legal tenders
that the Democrats will control it in the next Congress
The following table indicates the amount of bullion
by a plurality of 52, and that their prospective gains in
in the principal European banks.
the Senate, through capture of various State legisla¬
Nov. 11 1909.
Nov. 10 1910.
tures, will cut down the Administration party’s Senate
Banks of
Gold.
Total.
SOoer.
SUver.
Total.
Gold.
majority to eight, put the conclusive seal as a matter
£
£
£
£
£
£
of history on the event.
32,698.865 33303.498
33303.498
32.698.865
Knuiee II 132.140,080 33.243.480 166,383,660 144.048,240 36,680,765 179,729.000
It will inevitably be asked, under such circum¬
Germany. 34,706,700 12,611,600 473&8300 36307,100 11343,160 46.560350
Boaria... 146,687.000
6,302,000 162,889,000 139366.000 6.922.000 146.177,000
Aoa^Hnn. 66.242.000 11317,000 67359.000 67321.000 11.822,000 69,143,000
stances, whether a political landslide, all present
Spain.... 16,382,000 30,466.000 46.847.000 16,080.000 30.706,000 46,786,000
Italy.... 38.815,000 3,416.000 42330.000 38382,000 4,100,000 42.482,000 circumstances
considered, is a good thing for the
MbtnerTdi 10,234,000 1,701.600 11,935,600 10.623,000 2,731.300 13.254.300
Nat Belg.
6,341,33^ 2.670,667 8,012,000 4.234.667 2.117333 6.352.000 national welfare or not.
The Stock Exchange, where
Sweden
4,457.000 4,377.000
4,377,000
4,467,000
Swttserl’d
6365.000 4.978,000
4.978.000
6,265,000
1395300
2,021,000
Norway.. 2,021,000
1.895,000 prices broke rapidly on the two days following the
Total week 484.879.978 102,226347 687.106.226 489,604.605 105.422,543 594.927,048
vote, appeared to register a negative opinion. This
Prev’week 484,076,583 102,403377 586,479,860 487,860,224 105.816.813 593,667.037
may have been because of the investment community’s
traditional dislike to uncertainty^ or perhaps more im¬
THE ELECTIONS.
mediately a reaction from the somewhat excessive
A political landslide such as that of Tuesday is over-discounting of all possible good results of a
always, and necessarily, a historic event in national Democratic victory during the three or four weeks
politics. It is particularly so in the United States, before election.
The familiar argument, and one which has been
because, while an English general election, for exam¬
ple, is apt to be suddenly and unexpectedly brought repeatedly used to reassure Wall Street as the prospect
about by the Ministry’s defeat in Parliament on some of Democratic success grew more definite, was that
single great question of the day—a defeat which may with a Democratic House, a Republican Senate
reflect only momentary change in the public mood— majority, and a Republican President, the Sixtythe regular recurrence of American elections, at second Congress would, in effect, be deadlocked tp
stated intervals, makes such instantaneous passage radical or partisan legislation. There is no good
of judgment on a single question rarely practicable.
reason, in the light of last Tuesday’s elections, to
Not only will many political issues combine to conclude that this inference was unwarranted. There
engage the attention of the voters in our widely have, it is true, been suggestions of such alliance
separated constituencies, but political sympathies of between the Democrats and the insurgent Republicans
the American public as a whole change slowly. Once in the Senate as would give to the resultant Congres¬
fixed, and fixed on grounds satisfactory to themselves, sional coalition the control over legislation. But of
their sympathies are apt to attach themselves for this it must be said, first, that such an alliance is most
a very long time, so far as majorities are concerned, unlikely except on the basis of moderate and conserva¬
to a given party.
Republican control of the House tive legislation; second, that in any case the Presiof Representatives was virtually unchallenged between
1860 and 1874. Between 1874 and 1894, with brief
Beyond even that, political tradition is exceedingly
and more or less casual interruptions, the Democrats strong to the effect that a party regaining power in the
held control. Since 1894 Republican supremacy in councils of the nation is on its good behavior. In
Congress has been quite undisputed. The reasons that respect our traditions are far more reassuring than
for those infrequent but fundamental changes in the those of English politics, and perhaps because of the
popular attitude are familiar to every one; but the very circumstances already outlined—that an English
inference from such a retrospect must be that only the party, gaining control of Parliament inevitably feels
actual stirring of the depths of political sentiment in that it must at once redeem all its ante-election
this country can make possible a political landslide of pledges, however hastily or rashly made, before its
constituents turn it out of power again; whereas an
really revolutionary character.
Such an event, and such reversal of public sentiment, American party, re-seated in control, is aware that
was certainly witnessed in last Tuesday’s vote.
It disturbance of the public confidence and serenity is a
had, indeed, been abundantly foreshadowed. The most dangerous handicap while it is still under trial
spring bye-elections in the Brookline Congressional before the public eye. Our own past political history is
District of Massachusetts and the Rochester District witness to the fact that only after long tenure of
of New York; the September votes of Vermont and power, and when confidence is created in the impreg¬
Maine; even the revolt of insurgent Republicans nability of its electoral position, does a party as a
at the party’s primaries in Western States, were whole grow reckless. When it does this, or when, as in
weather-signs which showed that factors of more than the unhappy days of 1894, it is captured by a fac¬
usual potency, and of nation-wide scope, were at tion, it is equally the testimony of our history that the
below the surface. The results of last Tuesday’s voting public merely awaits the earliest opportunity
voting were such as these preliminaries indicated. That to discipline that party.
With the Sub-Treasury
follows.
operations the result is
as
been in
—
..
x
Polity..
1394
THE CHRONICLE
IVOL.
LXXXXI.
If this tradition be
accepted, it appears to us that possibly worth while to suggest the very long distance
Tuesday’s shifting of majorities, the signs of reversion which exists between such policy of seclusion and the
to the minority party on the part of men who had long
adoption of slangy and vituperative campaigning, of
deserted it through mistrust, and in particular the rise the character
commonly known in American politics
of statesmen of dignity and conservatism to the great as
“mud-slinging,” by a previous occupant of the
places on the party’s electoral ticket, are signs of the Presidential chair. No one has ever demanded, for
highest promise. People are apt to overlook, during example, that a President, at the end of his term
such long intervals as those in which the Democratic of office, should seek the retirement of old
age and
party was proscribed—first by its attitude during the no longer engage in active business. But the approval
Civil War; then, many years later, by its acceptance of a return to
every-day pursuits by a previous occupant
of the Bryan delusion—that while the other party of the White House would
surely not involve approval
may be a haven of safety so long as it remains in of his engaging in questionable business schemes or in
power, the very fact that one party is politically practice before the divorce courts.
The line which is
outlawed by responsible voters creates the greatest drawn as to his
private business is also drawn as to
of political dangers.
his
In any country save the United
public conduct.
As for the Ossawatamie
States, and conceivably under certain circumstances in
program of two months
the United States itself, the not illogical sequel -would ago, all that is
necessary now to say is that the people
be the capture of that party by the forces of discon¬ last
Tuesday declared with unmistakable emphasis
tent, who thereby might themselves gain unrestrained against self-appointed political dictators and
against
control of government. This is the foremost rea¬ ready-made
plans for reversing constitutional prece¬
son, in the minds of political thinkers, for applauding dent overnight.
The American public is ready, as few
any change which rescues one of the two great parties other publics are, to take counsel,
advice, criticism,
from an abnormal position of the sort, and restores even at times
denunciation, and it will take them in
that equal balance in the country’s politics which alone
good part if offered in due accordance with the pro¬
protects us from the excesses of demagogues and prieties of public life. But to be told imperiously
what the people as a whole must
corruptionists.
do; to be assured
We have thus far adverted to general political con¬ that a private citizen will
compel their adoption of
siderations. There remains, in summing up the results measures involving fundamental
changes in our public
of this week’s elections, one other consideration which
policy, and to listen patiently to an orator who, while
cannot be ignored—the personality of Mr. Roosevelt.
proposing such vast schemes for his own party’s instan¬
How large a part that personality
actually played in taneous adoption, persists in ignoring, by word and
the votes of Tuesday is no doubt uncertain.
That it act, the elected leader of that party, is something, we
had a considerable hand in results in some constituen¬ are
convinced, which the American public is not ready
cies is unquestionable.
Indeed, the results have been to tolerate, and which it is quite unlikely that it will
so curiously distributed as to
give warrant for the be forced to confront again.
notion that a good part of the voting
public had
distinctly in mind the rebuking of certain recent actions THE COMMERCE COMMISSION AND HIGHER
Mr. Roosevelt’s
The fact that the candidates
RATES.
A decision just handed down
personally and actively supported on the
by the Inter-State
stump of Iowa and Indiana went down in defeat, Commerce Commission in a group of cases involving
while the candidates, such as Dix, Foss, Baldwin and advances in railroad rates in the South
two years
Harmon, at whom he hurled such abuse as is rarely ago will be carefully studied with a view to seeing if it
heard on the American hustings, were
triumphantly throws any light on the probable action of the Com¬
elected, bears a conclusion of its own.
mission in the numerous rate cases which it is now
But quite aside from the actual
figures of the considering, and which deal with contemplated ad¬
vote, it appears to us entirely reasonable to suppose vances in rates in various parts of the United States.
that the people, among other
purposes, intended to In the present instance the higher schedules were
register their vote of disapproval against an ex- established long before the enactment of the 1910
President indulging in violent and
unseemly personal law by Congress extending the powers of the Com¬
campaigning, and against a private citizen thrusting mission, and therefore the Commission had no authority
before the country a program of radical
legislation, to hold the advances in abeyance; consequently the
declaring, East and West, what he himself proposed carriers did not lose the added revenues represented
to do in forcing this legislation on the
people, and by the advances during the period in which the
assuming, with studied affront to the President chosen Commission held the matter under investigation and
by the people, that his own voice must alone be advisement. This was fortunate, for two years and
heeded. Not only was it reasonable to
expect a vote three months have elapsed since the higher rates went
of censure on such conduct by the
people, but it seems into effect on August 1 1908, and the judgment of the
to us that we should show
veiy scant respect to the Commission now is that they are not unjust, un¬
political intelligence of Americans if we believed it reasonable or unduly discriminatory. The whole
possible for them to face the question otherwise. It matter goes to show, however, what an element of
has been urged by people whose
personal sympathies injustice is involved in letting the Commission suspend
ar^ ^qpg in this matter th^ Mr. Roosevelt’s tem-j advances in rates, as it now has the right to do.
peramentis such that he could not, in the nature! ttofjA fair amount of comfort ’for the future can fairly
be expected to
from the theatre*
Educed from c^rtapi ,pa«^vpf the opinion
<$$ptive events and sit as a
with folded hands Commission, and that is t$$ftbintOf greatest
ihipoi$|$£fe
while' political battles were in progress. This view M this
juncture, -Thr^Sashs were grouped togd#8fr
of the case, so far as it goes, is Correct
enough; but it Is1 in the present judgment! the substantive matter^of
on
part.
whom he
,
NOV.T2
THE CHRONICLE
1910.]
being based upon advances (effective August 1;
1908) on articles included in classes B, C, D, and F,
fresh meats, grain and hay, grain products and
packing-house products from Ohio and Mississippi
River crossings to certain destinations in the territories
embraced by the Southeastern Freight Association and
the Southeastern Mississippi Valley Association. The
titles of the three cases were A. P. Morgan Grain Co.,
et al, vs. Atlantic Coast Line Railroad Co. et al;
Railroad Commission of Alabamaa vs. Louisville &
Nashville Railroad Co. et al, and Railroad Commission
of Georgia vs. Atlantic Coast Line Railroad Co.
each
et al.
of deciding the questions raised by
these cases, the Commission thought it sufficient to
consider the advanced rates to Atlanta and Birming¬
ham alone, as these were the destination points most
frequently referred to throughout the investigation,
For the purpose
and the rates to other destinations
are
based upon or
adjusted with relation to the rates to these cities.
Furthermore, the allegation in the complaint of the
Railroad Commission of Alabama of undue discrimina¬
tion
against places in Alabama rested upon the adjust¬
ment of rates between the two points named.
The opinion is by Commissioner Cockrell,and it is
assuring in the first case to have him say that while
the advances affect commodities of prime utility and
daily necessity, the rates themselves are the things
for consideration, and the question is not whether
such rates are the result of a reduction or of an advance,
but whether the rates themselves are unjust, un¬
reasonable
and
unlawful.
reduced, it is observed,
one
A
may
that has been advanced
rate
that
has
been
still be too high, and
might, conceivably be
too low.
It is also
gratifying to find the Commission giving
required.
consideration to the character of the service
The most of the articles embraced under the classes
of
freight discussed are regarded by the carriers, it is
pointed out, as time freight—that is as freight that
must be moved promptly in order to serve the public,
as well as to avoid claims for damage in transit. Grain,
milled or unmilled, we are told, is liable to damage
from heat and moisture; fresh meats and packing-house
products move on fast schedules in refrigerator cars,
the refrigeration being free, and the return haul fre¬
quently being empty. Most of the wheat and much
of the com, it is stated, is milled in transit without
extra charge for the privilege and the loss and damage
claims in these classes, even under normal conditions,
are higher than the average of such claims on all
commodities.
Another matter
urged
upon
the attention of the
Commission and to which it gave consideration was
the increased taxation which the carriers have to bear
and the increases which have occurred in the prices
of materials and labor.
In these respects
the present
cases run directly
parallel with the general advances in
rates all over the country which the Commission is
now investigating; in these also the
higher price of
labor, owing to advances in wages, is assigned as the
main reason for the higher freight schedules proposed.
It was urged, of course, on behalf of the complainants
in this instance, just as it is being urged by shippers in
the larger and general hearings now taking place, that
the greater efficiency of labor and engines and the
greater carrying capacity of the equipment more than
1295
counterbalanced the increases in cost referred to—
hence, that even though the net profit per ton-mile
decreased, still the total profit to the carriers
had
than
ample under the law.
Inquiry established the fact that taking as a basis
the actual movement through the various Ohio and
Mississippi River crossings during the calendar year
1907, the advances in rates involved an aggregate
increase in freight charges in the case of the classes
of freight affected in amount of $589,359.
The
Commission reaches the conclusion that, considering
either the rates themselves or the specific advances
which have resulted in the same—considering them
with respect to the revenues of the carriers—there is
nothing to indicate that such rates are excessive,
unjust or unreasonable.
The parties to the action had contended, just as is
being contended in the larger cases now under consider¬
ation, that the advances which formed the subject matter
of the complaints were only a part of a general advance
made or to be made in the freight rates throughout the
South. That situation was pointed to as furnishing
a reason, and an opportunity, for restrictive action
by the Commission. The carriers on their part
contended that in view of the necessity of a general
advance and the practical difficulties surrounding the
subject, the selection of these particular commodities
to initiate the advance was merely a matter of ex¬
pediency. The Commission was not unmindful of
the situation thus placed before it. Its report, ho weve r,
the opinion takes pains to state, “is confined to the
specific matters now in issue and is not to be construed
as extending beyond them or as indicating in any
degree approval of other or further advances in rates.”
What is particularly gratifying is to find the Com¬
mission looking at the matter from the broad stand¬
point of its bearing upon the prosperity and develop¬
ment of the South, and to have it repeat what was
said in the case of the City of Spokane vs. Northern
Pacific Railway Co., namely that “it is of first import¬
ance that our railway service should be efficient, for
just in proportion as it is inadequate, industry must
suffer and commerce languish.” The Commission
also quotes with approval the following statement
made by the late Justice Brewer when on the Circuit
was more
,
Bench.
“Compensation implies three < things: Payment of
of service, interest on bonds, and thensome
dividend. Cost of service implies skilled labor, the
best appliances, keeping of the roadbed and the cars
and machinery and other appliances in perfect order
and repair. The obligation of the carrier to the
passenger and the shipper requires all these.
They
are not matters which the carriers can dispense with,
or matters whose cost can by them be fixed.
They
may not employ poor engineers, 1#whose wages would
be low, but must employ competent engineers, and
pay the price needed to obtain them. The same rule
obtains as to engines, machinery, roadbed, ;&c., and
it may be doubted whether even the legislature, with
all its power, is competent to. relieve railroad com¬
panies, whose means of transportation* are attended
with so much danger, from the full performance of this
obligation to the public. The fixed charges are the
interest on the bonds. This must be paid, for other¬
wise foreclosure would follow, and the interest of the
mortgagor swept out of existence. The property of
the stockholders can not be destroyed any more than
the
property of the bondholders. Each has a fixed and
vested interest, which Can not be taken away. (35
Fed. Rep., 879).”
;
4
cost
,
1396
THE CHRONICLE
[VOL.
LXXXXI
After
quoting these remarks of Justice Brewer, the cheerfully undertake the work, as a contract job, upon
Commission gives it as its opinion that the condition its own terms. But the total of the lowest
bids, about
of most of the railroads in the South is not yet up to 853^> millions,
together with the fact that they apply
the highest standard, and in order that their facilities to only three divisions, and do not
complete the scheme
may be improved and extended to the ultimate lasting as a construction on paper, as well as the contrast be¬
advantage of the people of the South, it is necessary tween a failure of capital to bid upon a completed and
that the carriers be permitted to charge rates that are operative structure on its own account and the readi¬
fully compensatory for the services they perform so ness of capital to begin an incomplete and non-opera¬
long as such rates have not been shown to be unjust, tive one on the public account, has had a somewhat
unreasonable or excessive with respect to the public. startling effect, and has called out
protests against the
This seems to be an entirely fair way of looking at the undertaking as
dangerously misconceived.
The most prominent commercial
matter, and we do not think that any railroad man
body which has
would
ask,
or
could ask, for
Commissioner
Cockrell
more
refers
called for
than that.
to
the
fact
that
a
halt is the Chamber of
Commerce, which
reviewed the subject by a special report from its
special
committee on the subject, at a meeting on the 3d.
Congress has not seen fit to give the Commission
supervision of the stock and bond issues of the various Two questions are raised: whether the plans and routes
carrier corporations engaged in inter-State commerce, provide for a possible
economy in construction and a
nor has any
physical valuation of railroad property broadly effective public service, and whether the city
been authorized by Federal authority. The decisions shall build this route at its own
expense, “without
of the Supreme Court, however, lay down the rubs any
possibility of estimating upon what terms con¬
by which the Courts and the Commission must judge tracts for equipment and operation may be obtained,
of the reasonableness, justice and compensatory until after
completion and the actual investment of
character of inter-State rates, and he cites the case
of Smyth vs. Ames, 167 U. S. 438, as
embodying the
rules that must govern. In that case, the Supreme
such
huge sums.”
As to
some
unavoidable
work
which is not at all included in the 85J^ million
bids,
the committee has obtained
engineers' estimates—for
Court, speaking by Justice Harlan, said: “What the example, at least 21 millions for what is called “sta¬
company is entitled to ask is a fair return upon the tion finish,” laying of tracks, acquiring real estate, &c.
value of that which it employs for the public con¬ The extension in the Bronx and the much-talked-of
venience. On the other hand, what the public is Fourth Avenue extension in
Brooklyn are put at 45
entitled to demand is that no more be exacted from it millions. The extras and
contingencies, always un¬
for the use of a public highway than the services avoidable,
be
must
put at not under 10%; and the in¬
rendered by it are reasonably worth.” Upon the terest
during construction, if the work is finished in
whole record, and tested by this rule, the rates com¬ five
years, must be put at 10% on construction cost.
plained of are not found to be unjust, unreasonable or Operative equipment of power houses and sub-sta¬
excessive.
tions, rolling-stock and signal and lighting systems
All but two of the Commissioners, it would
appear, (all unincluded in the figures thus far) are estimated at
concur in this judgment.
At all events Commissioner 35 to 40 millions. If the city proves unable to find
Lane alone is quoted as dissenting, in addition
to an operating company unless upon condition of hav¬
Commissioner Clements, who writes a
dissenting ing the equipment supplied and a guaranty against
opinion. The latter talks in a stilted way, and there is loss provided, the city might thus find itself committed
nothing convincing in what he says. The flimsiness to an outlay ranging from 200 to 245 millions, depend¬
of his argument may be judged from the
following- ing upon how far the scheme of extensions is carried.
excerpts.
From what sources may the city procure this
money,
“It is impossible for me to find justification for the
inquires the report. Beyond the 60 millions of debt
threatened burden upon the transportation of this
limit now available, there would be left 140 millions
great section of the. country, either in the needs of
to be provided for the shorter route or 185 bullions
carriers, the history of rates, or the ability of the
public to pay 12 cents per capita more for the staples for the route plus the extensions. Predicated upon
affected.
experience of the last five, years, says this report a
*
*
*
w
*
*
It is the possibility that stock
manipulation will
render necessary further tribute, and the word is not
misapplied to returns
liberal estimate of increase in assessable values would
be 300 millions annually in the next five years, thus
providing an increase of 30 millions annually in borrow¬
ing capacity. If one-half of this could be applied to
rapid transit purposes, more than nine years would be
fraught with danger required to provide the funds for the route without the
watered stock, and will cloud
the situation on every occasion when
higher rates
are demanded, that makes inevitable
public super¬
vision of these great transactions,
they
on
are.
The people can not prosper without the
The railroads cannot exist unless the
rates are profitable, but the
public is entitled to be
as
railroads.
protected against honest extravagance
dishonest management.”
as
well
as
extensions, and
than twelve years with those.
finished, a gap of over two years
must intervene before the city would have funds to
provide equipment, during which time the subway
more
After construction
was
would be idle and interest would be
THE
As
PARTING OF THE WAYS ON SUBWAY
BUILDING.
expected, the absence of even a single bid
from private capital for construction of the Public
Service Commission's favorite
“Triborough” subway
did not deter private capital from
bidding for con¬
struction at the city's cost and risk; if the
city were to
propose another Tower of Babel, private capital would
was
running; excluding
equipment, the city would be over six years in provid¬
ing construction cost, without the extensions, or over
nine years with those.
As to earning power, the committee admits the esti¬
mated 1,200,000 passengers as a daily carrying ca¬
pacity, yielding 18 millions as gross annual earnings.
Taking 45% as operating expense, the net operating
income would be $9,900,000 annually.
Figuring in-
Nov. 12
terest and
THE CHRONICLE
1910.]
1397
sinking fund charges at 5% on cost of route
CORN, WHEAT AND OTHER FOOD CROPS IN
equipment without extensions, there would be a
1910.
large deficit under “peak-load conditions, "subject to
The corn crop of the United States for 1910, accord¬
increase by such an amount as the traffic might fall
below this maximum.
Looking to the present sub¬ ing to the preliminary estimate of the Department of
Agriculture, issued on Wednesday, makes a new record
way for a test, on the basis of the traffic during the
in the production of that important cereal, the aggre¬
last fiscal year the deficit on this projected route,
without extensions, would be over 234 millions a year, gate yield being stated as 3,121,381,000 bushels.
and
beyond 4% millions with those.
Further, “no
estimate is possible of what additional deficit might
have to be met by taxation resulting from municipal
operation, if the city should eventually be forced to
or
well
This is
better than the indications based
even
on
the
Oct. 1 condition
figures. The crop, as we have here¬
tofore noted, was adversely affected in localities west
of the Mississippi during part of the summer by drought
and hot winds, and quite generally was from two weeks
resort to that."
to a month late, owing to the backward spring.
But
The committee reverts to its report to the Chamber
the exceptionally favorable weather of September and
in March of last year, when it deprecated the power
October did much to repair the damage done, and the
granted under existing law to let contracts for subway
constructing at the public cost, before and without
any contract for equipment and operation, inasmuch as
public clamor is sometimes irresistible and under it
“if
a
route were
constructed and
no
contractor ap¬
peared to equip and operate it, the same public presssure would compel municipal equipment and operation,
which might very probably result in a heavy burden
upon the city."
It should be kept in mind that the bids asked and
received
not for a
complete subway, do not include
equipment, and make no provision whatever
for operating after completion.
Moreover, it is proper
to add—in a not unnatural explanation of this fact—
the course of the Public Service Commission, from the
date of its beginning to this present time, suggests,
if it does not compel, a suspicion that the municipal
operation deprecated by the Chamber is just what the
Commission desires to produce. For the present sub¬
way had to be undertaken by the city, so serious was
the doubt about it, and this doubt was not dispelled
until after operation had proved such a brilliant pub¬
lic success that an outcry, which has only grown
stronger since, arose for more subways.
When the Commission came into being, its members
found already the groundless cry that private capital
had obtained too good a bargain and the city should
thereafter be keener for its own interest. In taking
over the functions of the Rapid Transit Commission,
the present body needed something more than and
different from the restrictive and regulative work
which the public was supposed to desire applied to
existing corporations; it needed sound and far-seeingopen-mindedness, practical and business like to the ut¬
most.
Lacking these qualities, which are more likely
to adhere in business training than in political, new
subway building is more likely to fit temporary popu¬
lar clamor than the lasting interests of the entire city.
are
finish and
What has been done—and still
more
corn-growing States
gave sufficient time for maturing the fruitage where
the plants were late.
At 3,121,381,000 bushels, the crop is not only 2
bushels per acre, or 350 millions of bushels for the
whole area, greater than in the previous year, but
shows an excess of nearly 200 millions of bushels over
the former record production of 1906.
Nor is this all;
the 1910 crop is of higher average quality than that of
1909, or most earlier years, enhancing its value as
food.
From the Department’s latest report it devel¬
ops also that farm stocks of corn on Nov. 1 this yeaf
were somewhat above the normal.
In fact, investiga¬
tion indicates that on Nov. 1 1910 the portion of the
1909 crop still in farmers’ hands was 119,056,000 bush¬
els, or 4.3%, as compared with 79,779,000 bushels,
or 3%, of the 1908 yield on Nov. 1 1909, holdings of
2.7% of the 1907 production in 1908 and a ten-year
absence of frost
over
the great
of 3.4%.
spring wheat, as we noted in our issue
of Oct. 15, was estimated by the Department on Oct. 1
at 233,475,000 bushels, or about 57 millions of bushels
less than in 1909, and earlier in the year it approxi¬
mated the yield of the winter variety as 458,294,000
bushels, or a little more than in the preceding year.
The total production of wheat, therefore, according
to the preliminary estimate, reaches
691,769,000
bushels for 1910, comparing with 73734 millions of
bushels in 1909 and 664% millions in 1908, and with
a record crop of 748,460,218 bushels in 1901.
The
oats yield was also reported upon a month ago, being
stated at 1,096,396,000 bushels, a new high-water
mark in production, exceeding the previous record
(that of 1909) by nearly 90 millions. Barley produc¬
average
Production of
tion in 1910 has likewise been heretofore stated
as
158,138,000 bushels, comparing with 170% millions
a record of 179 millions in 1906; and the
yield of rye has been placed at 32,088,000 bushels for
the current season—a slight loss from 1909.
what has been
The aforesaid crops, comprising the great bulk of
nature to keep
in 1909 and
prevented and delayed—has been of a
our cereal production, are the country’s chief food
away private capital, which is eager to undertake, on
supply. Bringing together the various totals, we
any reasonable terms, the attractive work of local
learn that our cereal productions for 1910, as estimated
travel in the second city of the world, and toward
by the Department of Agriculture, reach an aggregate
driving the city into the hazardous road of undertak¬ well in excess of that for 1909 (394 millions of bushels,
ing all at the public cost. It is not unjust to say that in
fact), and greater by 260 millions of bushels than
the Commission has not measured up to the obliga¬
the former record yield of 1906. Comparison, item
tions of its position,
But now that a halt has been by item, for a series of years is appended:
1907.
1906.
1909.
1910.
called, and now, too, that the elections are past, it is
Bushels.
Bushels.
Bushels.
Bushels.
Production oftime to review the situation most seriously and try to Corn
.3,121,381,000 2,772,376,000 2,592,320,000 2,927,416,091
409,442,000
492,888,004
432,920,000
Winter wheat.
458,294,000
242,372,966
Avoid the false start which seems impending. Where Spring wheat.. 233,475,000 290,823,000 224.645.000
754,443,000
964,904,522
Oats
.1,096,396,000 1,007,353,000
31,566,000
33,374,833
32,239,000
32,088,000
Rye
private capital draws back the city should not be Barley
153,597,000
178,916,484
170,284,000
158,138,000
—
.
.
_
.
forced to enter.
Total
5,099,772,000 4,705,995,000 4,166,013,000 4,839,872,900
THE CHRONICLE
Potatoes
ant
fVOL*
LXXXXI.
(white), while not a cereal, are an import¬ months of the calendar year 1908 continuing into the
food, and, consequently, call for pass¬ early months of 1909, and the relatively profitable mar¬
article of
ing attention. The area under this crop in 1910 was
.practically the same as in the previous year, but as a
ket for
goods during the
period. In fact, from
September 1908 until after the close of
result of continued dry weather there was a very ma¬ March 1909—the
period when supplies of the raw
terial deterioration in condition during the summer, material are
chiefly secured—middling upland cotton
reducing appreciably the early prospects of yield.- in the New York market ranged at no time above
A favorable fall, however, unproved the outlook some¬ 10
cents, and during the greater part of the period
what; nevertheless the average yield per acre this year, was quoted below 9% cents. Contrast this with
according to the Agricultural Department's investiga¬ the radically different situation in 1910, the manu¬
tions, is only 93.4 bushels, against 106.8 bushels inj facturers being forced to secure their raw material
1909. This, however, is a little better than the ten- at an
abnormally high level of cost without any com¬
year average. The total yield is estimated at 328,-j pensatory advance in prices of goods, and the reason
787,000 bushels, or 48 millions of bushels less than the; for the poor showing the annual statements make
record crop of 1909. Quality, as in the case of otherj becomes clear. The lowest
price quoted for middling
cereals, is above the average. Various other foods uplands in the New York market during 1909-10
have turned out better than the average, as for in¬ (Sept. 1 to Aug. 31) was 12.40 cents about the middle
stance rice, buckwheat, sweet potatoes, asparagus, of September
and before the close of 1909 the price
cabbages, lima beans, peaches, cranberries and sugar had passed 16 cents. * Furthermore, during the suc¬
beets; and several others are well up in production.! ceeding eight months the range of value was between
In fact, on the whole, according to official reports, the 13.85 cents and 19.75
cents, averaging over 15)4 cents
crops of 1910 in the aggregate are approximately 7.6% —the highest level for the like period of any year since
greater than those of 1909, and about 9.1% in excess 1875. Concurrently, prices obtained for printing
of the annual production of the preceding five years— cloths, while
moderately higher than in the previous
a gratifying outcome.
year, were below the level of 1906-07 and 1907-08,
It is perhaps not without interest, in connection with when cotton was
materially cheaper. The situation
the remarks on the crops of 1910, to refer to the pro-! in 1910 was rendered
increasingly unsatisfactory by
gress the recently sown winter-wheat crop is making. the poor demand for goods, which made necessary an
Frivate reports, including those of the rrGincinnati extensive resort to curtailment of
production. At
Price Current," indicate not only that a record area the same time,
no attempt at wage adjustment was
has been sown, but that the crop is coming up well, made. In passing, it to be
is
noted that the employees,
although rather slowly in the case of the late plant¬ having become dissatisfied with the automatic wage
ings. Weather is claimed to have been quite generally scale, voted last February to withdraw from the
favorable to growth, and with few exceptions earlyagreement under which it was operative; but no sub¬
planted fields are in excellent condition. On the whole stitute plan has yet been adopted.
i the plant is stated to have obtained a
The foregoing review of the features of the situation
good start and
is regarded to be in an especially favorable condition seem
necessary to avoid incorrect conclusions. As re¬
to withstand cold weather. Absence of reference to
gards the dividend distribution by the corporations,
the Hessian fly in growing wheat is commented
upon the average rate for the last quarter of 1910 at 1.63%
as a notable feature of the current
season, the few cases is moderately less than the same period of 1909 but
where mention is made of it being in grain that was in excess of that for 1908. One mill
passed its divi¬
sown unusually early.
Late sowings are stated to be dend, another reduced from 2% to 1%; with those
iii healthy condition,* but are now
beginning to need exceptions the rate was the same as in the previous
moisture to foster growth and strengthen stands.
For the full year 1910 the return to stockhold¬
year.
ers, especially in view of prevailing conditions, is very
FALL RIVER COTTON-MANUFACTURING
satisfactory, the thirty-five corporations included in
\\
~
IN 1910.
our compilation distributing an aggregate of $1,829,The only inference to be drawn from the
recently 950, or an average of 6.85% on the capital invested.
issued annual statements of many of the Fall River This
compares with a total of $1,976,000, or 7.40%,
cotton-manufacturing corporations is that the year n 1909, the excess over the current year being largely,
1910 has produced notably poor results in that
import¬ if not wholly, explained by extra dividends declared
ant industry so far as profits from operations are con¬
from accumulated * surplus by two mills.
In 1908
cerned. Judged by the dividends declared
by the mills the average rate of distribution was slightly greater
from quarter to quarter during the year, the
outcome, than in 1910, but in 1907 stockholders received an
of course, would seem to have been quite
satisfactory. average of 11.09% on their investment, that being
But, as we have heretofore pointed out, it has become much the highest annual rate in our record and ap¬
a settled
policy in most cases in recent years to main¬ parently warranted by the excellent business of that
tain the rate of distribution without
regard to the year. There have been some meagre returns, of
volume of net earnings, relying
upon previously ac¬ course, as for instance in 1905 (3.34%), 1904 (3.56%),
cumulated surpluses to make up any
deficiency in the 1898 (2.41%) and 1897 (3.39%). It is interesting as
amount needed to cover the
regular dividends. Thus showing the conservative policy of the present man¬
we find that distribution in the current
year hasbeen agements of the corporations that despite the poor
quite generally upon the same basis as in 1909 and business and lack of profit in 1910 the shareholders
1908.
collectively have received a slightly higher average
A year ago we stated, in
explanation of the favor¬ rate of dividend than that for the preceding 24 years
able outcome for 1909, that it' was
only rendered (1886 to 1909, inclusive), comparison being between
possible by the‘ low value of cotton in the closing 6.85% and 6.64%.
-
the first of
same
Not. 12
1910.]
indicated above, so far parison, being, with large totals in 1909* This shrink¬
mills is concerned, has, age involyedi, of course, diminished grain shipments
an
been
unsatisfactory one at Fall River, and the over many of the Western roads, and .would seem to be
promise for the future is not, under existing conditions, wholly responsible-for the losses, in. earnings reported
The calendar year 1910, as
as the earning capacity of the
could be desired.
Mills, it is true, are
again upon a full-time schedule, but cotton is still
ruling at a high level as compared with the value of
goods, leaving the margin of profit small. It is prob¬
able, however, that with the advance of the season
conviction that the crop now being marketed is ap¬
preciably larger than recent estimates have made it
will result in some decline in prices, enabling manu¬
facturers to secure supplies upon a much more favor¬
as
favorable
as
now
by
a
number of the separate roads* In. like manner
earnings by distinctively cotton-carrying
decreases in
lines in the South would
seem
to be ascribable to the
reduced cotton
shipments. The shipments overland *
staple were somewhat larger than last year,
though falling much behind the movement in 1908, the
comparison being 148,943 bales, fOr 1910> against
122*088 bales for 1909? and 188*008; bales for 1908*
But in the receipts at the ports there was a marked
decrease
able basis than now.
Altogether the port receipts in 1910 reached
only 1,729,018 bales, as against 1,847,958 bales*
RAILROAD GROSS EARNINGS FOR OCTOBER. Nor does this latter givean entirely correct idea
Railroad gross earnings are now showing diminished of the loss in cotton traffic which individual roads
amounts of gains, treating the roads as a whole, while may have sustained, since at the Texas ports (Galves¬
some of the separate companies and systems
actually ton and Port Arthur) the cotton deliveries were much
record larger or smaller losses, though there is not a heavier this, year than last year. Allowing for the
very great number of these latter as yet.
The matter is gain in Texas, the losses at other points are of course
of importance because of the tendency of operating correspondingly increased. The following gives full
expenses to rise in a marked way,-as established by details of the cotton receipts at the ports, from which it
recent returns, and because of the further fact that appears that, excepting Wilmington, Norfolk and
most companies are under the necessity of earning in¬ Charleston, the falling off in receipts was general out¬
terest or dividends on a larger capitalization, having side of Texas.
OF COTTON AT SOUTHERN PORT8 IN OCTOBER, AND FROM
been obliged to make very extensive new capital RECEIPTS
JANUARY 1 TO OCTOBER 31 1910, 1909 AND 1908.
outlays in order to provide facilities and accommoda¬
October,
Since January X.
Ports.
tions for a steadily growing volume of business. We
1910.
1909.
1909.
1908.
■; 1908
f 1910.
tabulations
below
the
October
present
dealing with
Galveston
—bales
643.275
578,051
642,313 1,958,498, 2.217,394 2,320,224
Port
95.448
26.641
18.099 i 210.868J 273,098
101,519
&c
earnings of the roads which make it a practice to furnish New Arthur,
Orleans
187,125
269,584 300,019 842,619 1,241,107 1,324.492
Mobile
54,382
63.894
226.565
70,767
240,210
168,096
&c
16,684
42.253
117,241
24.238 j 76,803
138,530
preliminary estimates of their gross receipts. These Pensacola,
Savannah
362,831
838,031 1,216,787 1,017.330
457,023
362,905
Brunswick
39,7851
73,459
136,737
41,987 f 100,2131 234,652
comprise 81,498 miles, or considerably over one-third Charleston
82,794
72,083
52,057 i 157,600
102.214
127,060
249
329
155
826
1,076
1,710
the railroad mileage of the country, though this in¬ Georgetown
Wilmington.
121,207
303,126
112,174
110,318 211,376* 301.449
Norfolk
124.694
151,167
412,111
338,304
105,575] 5 331,465
cludes a few Canadian roads. On the mileage given
614
978
Newport News, <fec
1,300
8,107
17,207
6,328
there is an increase as compared with October 1909
Total
1,729,018 1,847,958 4,730,254 4,003.652 6,486,369 6,019,751
of the
.
i
.
r
*
‘
of not
than
$1,840,328, or but 2.14%. More¬
It will be observed that at New Orleans the receipts
49
over, out of the
roads contributing returns, 17 show
this year were only 187,125 bales, against 269,584
decreases, though some of them for only small amounts.
bales in 1909 and 300,919 bales in 1908. This falling
Of course
more
general trade has, been slackening very
considerably in recent periods, and doubtless that
circumstance has had its. part in preventing further
marked improvement in the traffic and revenues of the
roads. As evidence of this slackening in certain
directions, we may note that the production of pig iron
in the United States in October 1910 was only 2,087,385,
tons, against 2,599,541 tons in the same month last
year, and that the shipments of Lake Superior iron
ore from
the Upper Lake docks in October 1910
amounted to only 4*877,441 tons, against 6,625,801
tons, in October 1909.
But too much emphasis can be given to trade
reaction as an influence upon railroad traffic up to the
present time. As a matter of fact, special factors
are in the main
responsible (at least for the month
under review) for the less, favorable comparisons
of gross earnings. The roads furnishing early returns
of earnings, which form the basis of our present
remarks, consist in very large part of Western grain¬
carrying or of Southern cotton-carrying lines. As it
happens, there was in the case of each of these, two
classes of companies a marked shrinkage in the kind
of traffic special to them. That is, there was a large
contraction in the Western grain movement and like¬
wise a falling off in the Southern cotton movement.
The shrinkage in the Western grain receipts was
of greater importance than might be supposed, com¬
off in the cotton
receipts at the Orescent City will
ex¬
plain the decrease of $72,230 in the earnings of the
Yazoo <fe Mississippi Valley Ry., and we note that this
road and the Illinois Central combined brought in only
55,517 bales the present year, against no less than
107,621 bales last year. The decrease of $30,437 in
earnings shown by the Mobile & Ohio may also be
explained by diminished cotton shipments, only 54,382
bales having been delivered at that point in 1910,
against 63,894 bales in 1909 and 70,707 bales in 1908.
; The shrinkage in the Western grain receipts was
of yet larger proportions. The falling off was chiefly in
the wheat movement, the receipts of which in the four
weeks ending Oct. 29 this year were only 26,449,254
bushels, against no less than 41,801,606 bushels in the
corresponding four weeks of last year. The falling
off extended to both the winter-wheat and the springwheat points, but is found chiefly at the latter. At
Minneapolis the receipts approached close tp those
of last year, the comparison for the four weeks being
1Q,883,130 bushels, against 11,0^3,940 011^5^; but; at
Duluth the deliveries, were only 5,353,637' busheto,
against 16,348,129 bushels. Th$ tremendous slump in
this last instance is* due, no doubt, to the diminished
spring-wheat yield in the extreme northern part of the
spring-wheat area, and it accounts for the decrease
of $348,755 in the earnings of the Minneapolis St. Paul
& Sault Ste. Marie.
1300
The
THE CHRONICLE
com
receipts at the Western primary markets too, that
on
diminished scale.
Taking the aggregate
wheat, com, oats, barley and rye combined, the
deliveries for the four weeks this year were only
64,915,631 bushels, against 82,428,746 bushels in the
a
of
same
em
four weeks of last year.
grain deliveries
The details of the Westin the table we now insert.
appear
WESTERN FLOUR AND GRAIN RECEIPTS.
Four weeks
Ending
Flour.
Wheat.
Corn.
Oats.
Oct. 29.
(Mis.)
(bush.)
(bush.)
(bush.)
Barley.
(bush.)
(bush.)
751,192
840,477
1,746,700
3,497,500
7.538,450
6,210,650
7,297,100
8,049,600
2,425,000
3,717,956
95,500
192,350
326,093
420,675
1,352,510
1,442,600
380,810
313,500
1,663,900
966,000
1,917,200
2,372.300
78,440
156,000
230,980
261,705
1,852,989
2,949,665
793,615
746,845
1,892,220
1,916,800
336,000
341,900
29,700
13,054
248,800
481,000
272,400
194,600
192,000
270,000
1,000
1,000
5,000
18,000
Chicago—
1910
1909
Milwaukee—
1910
1909
St. Louts—
1910
1909
Toledo—
1910
1909
Detroit—
1910
1909
Cleveland—
1910
1909
Rye.
Peoria—
1910
1909
Duluth—
1910
1909
years.
Mileage.
321,983
407,400
219.827
182,511
260,419
272,657
7,616
6,117
73,475
38,682
136,881
296,902
369,672
521,574
2,211
24,293
191,844
279,250
95,030
108,000
1,382,647
1,025,955
796,600
895,550
320,217
257,330
.
Year
Given.
Year.
1896....
1897
....
1898....
1899....
1900....
1901....
1902....
1903....
*
16,524
1904
1905....
1906
14,300
46,400
....
....
115,410
62,475
5,353,637
16,348,129
4,203
75,665
258,048
1,151,113
2,384,543
1,311,578
51,085
163,143
10,883,130
11,673,940
604,300
267,370
2,270,080
2,668,660
3,013,509
3,636,350
233,700
393,330
4,521,000
4,854,750
754,800
1,083,120
451,000
856,500
Minneapolis—
1910
1909
Kansas City—
1910
1909.
1907....
1908....
1909
....
1910....
Jan. 1 to
Oct. 31
1896
1897....
1898
1899....
1900....
—
....
Total of all—
1910
1,647,970
1909
1,887,300
26,449,254
41.801,666
12,087,933
10,397,118
6,775,119
7,028,685
25,534,400
22,894,792
80,148,800
74.439,421
84,522,500 20,143,900
859,000
74,417.626 20,721,249 1,099,850
1910
2,578,498
1909
2,669,358
St. Louis—
1910
2,184,335
1909
2,186,915
Toledo—
1910
1909
Detroit—
1910
194.746
1909
135,704
Cleveland—
1910
76,045
1909
54,002
Peoria—
1910
2,424,212
1909
1,811,378
Duluth—
1910
682,005
1909
2,997,320
7,922,560
6,247,705
6,487,640
5,555,700
10,554,850 10,941,893 1,161,660
7,217,100 10,695,800
860,900
16,075,028
17,934,077
19,011,687
17,387,345
18,225,470
15,610,265
1,374,565
2,245,100
258,888
191,823
3,773,800
3,607,400
3,322,900
2,671,200
3,435,650
2,979,200
1,000
5,655
106,650
179,900
1,400,001
1,653,707
2,250,964
1,928,556
2,146,695
1,950,531
640,912
446,483
3,946,099
3,829,785
4,637,957
6,574,185
77,493
285,887
7,242
25,157
1,066,264
1,166,780
13,249.352
12,050,586
11,280,597
7,171,311
1,950,029
2,084,388
321,592
272,400
25,511,021
39,611,321
918,779
1,275,808
5,496,683
3,788,196
9.025,765
7,281,004
414,417
427,362
81,420,620
61,989,270
7,223,221
4,364.395
36,324,150
13,821,250
9,003,280
Chicago—
1910
1909
Milwaukee—■
Minneapolis—
1910
1909
Kansas
1910
1909
City—
28,503,650
15,451,039 10,419,680
17,568,454 11,662,707
507,725
998,801
Even the Canadian Pacific
the
3,846,400
5,262,000
evidently suffered from
States (as far as our present tabulation is
concerned),
while the Canadian Northern has
$243,600 increase.
The Missouri Kansas & Texas has a
gain of $255,724,
but no other road has an increase
reaching $200,000.
From this it follows that the
improvement in the case
of the individual companies in this
country
was
of
moderate proportions all
through. The following
shows all changes for the separate roads for amounts in
$30,000, whether increases
PRINCIPAL CHANGES IN QROSS
Tnrrpn
Canadian Pacific
Missouri Kansas & Texas.
Canadian Northern*
Illinois Central
Wabash.
Grand Trunk
Southern Railway
Buffalo Rochester & Pitts
Louisville & Nashville
Chicago Great Western
Seaboard Air Line
Missouri Pacific
Chesapeake & Ohio
Detroit Toledo & Ironton.
...
...
*
In
ratio
or
decreases.
cpc
& Pacific
255,724
Kansas City Mex & Or’t..
243,600 Intemat’l & Gt Northern.
71,000
our
122
123
123
102
91
94
77
71
67
51
67
55
47
47
49
91,414
96,417
93,681
93,464
87,150
99,915
91,495
90,451
83,724
80,243
92,684
73,904
79,664
81,298
81,498
90,650
95,128
92,684
91,926
84,411
98,259
89,575
88,499
82,234
78,454
90,423
72,728
78,212
79,793
79,146
Increase
(+)
or
Year
Decrease
Preceding.
%
$
0.85
1.34
1.07
0.60
3.21
1.67
2.14
2.20
1.81
2.27
2.49
1.62
1.87
1.89
2.82
47,974,125
53,959,376
53,975,132
59,382,536
56,051,244
74,753,570
69,104,832
72,406,972
66,390,161
66,053,039
86,795,590
60,724,491
65,130,556
71,067,075
69,014,101
0.84
1.35
1.07
1.67
3.24
1.68
2.14
2.20
1.81
2.27
2.49
1.63
1.87
1.89
2.82
383,169,172
415,575,268
439,652,886
467,646,154
462,336,832
595,247,576
567,732,440
634,403,248
548,856,559
547,274,910
743,656,008
535,674,837
510,880,199
558,083,964
599,753,297
(—).
$
$
%
50,354,822 —2,380,697 4.72
49,604,841 + 4,354,535 8.77
51,596,900 + 2,378,232 4.61
53,523,877 + 5,858,659 10.94
53,318,505 + 2,732,739 5.12
66,509,179 + 8,244,391 12.39
64.760.432 + 4,344,400 6.71
68,739,460 + 3,667,512 5.33
63,939,889 + 2,450,272 3.83
62,631,366 + 3,421,673 5.46
78,007,440 + 8,788,150 11.26
57,338,839 + 3,385,652 5.91
67,809,430 —2,678,874 3.95
63,587,684 + 7,479,391 11.76
67.173,773 +1,840,328 2.14
371.096,854 + 12,072,318 3.25
397,417.261 + 18,158,007 4.56
400,664,744 + 38,988,142 9.73
426,901,050 + 40,745,104 9.54
421,222,209 + 41,114,623 9.79
536,350,655 + 58,896,921 10.98
524,404.004 + 43,328,436 8.26
568,511.986 + 65,891,262 11.59
547.805.805 + 1,050,754 1.19
511,171,825 + 36,103,085 7.06
650,711,998 + 92,944,010 14.28
487,000,527 + 48.674,310 9.97
588.284,727 —77,404,528 13.16
498,524,900 + 59,559,064 11.94
534,476,391 + 65,276,906 12.21
complete our analysis we annex the subjoined
six-year comparison of the earnings of leading roads
arranged in groups. It is a noteworthy circumstance
that in the case of all the four
groups the 1910 totals
are the best of
any of the years.
EARNINGS OF SOUTHERN GROUP.
October.
Alabama Gt So
Ala NO&TP—
NO&NE-.
Ala & Vicks.
Vicks Sh & P
Atl Birm & Atl
Central of Ga.
Ches & Ohio..
Cin N O & T P
Lou & Nash.6
Mobile & Ohio.
Seaboard A L_
Southern Ry__
Yazoo & M V.
.
Total
1910.
1909.
1908.
$
$
$
394,465
295,938
169,190
134,620
233,939
1,241,600
2,767,172
808,673
4,825,375
907,176
1,815,375
5,461,295
951,865
370,630
1907.
*
1906.
$
1905.
$
$
314,478
348,723
328,042
315,506
335,826
274,181
164,777
153,920
137,773
124,790
237,438
190,519
1,251,200 1,133,205
2,706,951 2,332,158
799,455
665,791
4,706,690 4,323,488
937,613
908,392
1,741,268 1,437,952
5,326,233 4,873,624
1,024,095 al .029,736
290,151
148,003
140,274
175,701
1,245,025
2,777,100
807,095
4,548,531
1,015,983
1,518,134
5,457,778
973,677
264,670
130,248
128,199
142,297
1,085,756
2,147,033
707,360
4,139,835
880,108
1,384,429
5,010,519
774,961
233,706
104,959
89,209
92,496
1,080,492
2,039,665
710,650
3,579,772
790,910
1,290,127
4,666,160
616,068
20,006,683 19,739,949 17,762,234 19,446,175 17,123,457 15,609,720
a Includes, beginning with this year, some large Items of Income not
previously in¬
cluded In monthly returns.
6 Includes Louisville & Atlantic and the Frankfort &
Cincinnati In 1910 and 1909.
EARNINGS OF SOUTHWESTERN GROUP.
October.
Colo & South*.
Denver & R G
Int & Gt Nor.
Mo Kan&Tex a
Mo Pacific....
St Louis S W._
Texas & Pacific
Total
1910.
$
1,619,517
2,254,400
893,000
3,111,828
4,985,000
1,173,950
1,623,327
1909.
1908.
1907.
1906.
$
$
$
$
1,609,924
2,246,400
863,000
2,856,104
4,914,000
1,148,305
1,575,952
1,448,948
1,977,561
915,081
2,824,648
4,293,610
1,011,324
1,535,092
1,456,593
2,098,195
687,000
2,571,418
4,598,372
1,034,671
1,489,493
1910.
$
1909.
$
9,684,000
1908.
1907.
1906.
$
$
$
Canadian Pac. 10,150,000
7,381,970
Chic Gt West* 1,226,980 1,115,170 1,102,695
Dul So Sh & At
296,407
321,543
252,057
Gt Northern.. c7,253,966 67,253,966 66,223,608
Iowa Central..
309,296
327,563
258,583
Minn & St L_.
538,196
566,024
445,036
M St P & SSMa 2,161,920 2,510,675 2,157,411
Total
$490,050
$
1,033,070
1,840,135
728,554
2,165,465
3,876,233
844,052
1,141,412
15,661,022 15,213,685 14,006,264 13,935,742 13,501,971 11,628,921
EARNINGS OF NORTHWESTERN AND NORTH PACIFIC
October.
1905.
1,200,576
1,900,016
929,057
2,672,912
4,330,385
985.419
1,483,606
♦Includes all affiliated lines except Trinity & Brazos Valley RR.
Texas Central in 1910.
6 roads In
compilation
considering the significance of the diminishe<
of increase in
earnings, it must be remembered
Roads Miles.
Miles.
127
92,815 92,031
127
97,154 95,865
123
93,681 92,684
105
94,835 93,275
93
88,014 85,275
99 101,364 99,698
78
91,531 89,611
72
90,509 88,557
67
83,724 82,234
51
80,243 78,454
68
92,760 90,499
56
74,306 73,130
47
79,664 78,212
48
81,508 80,003
49
81,498 79,146
Earnings.
Year
Given.
Note.—Neither the earnings of the Mexican roads nor the mining
operations of
he anthracite coal roads are Included In this table.
36,0C
30,0(
Representing 17 roads
In our
compilation...$2,297,63
Representing
....
1904....
1905....
1906....
1907....
1908-...
1909....
1910
$47,2'
135,062
Decrease,
121,022 Mlnneap St Paul & S S M_
$348,7!
118,685 Yazoo & Miss Valley.....
72,23
111,810 Ala New Orl & Tex P (3).
38,62
74,107 Mobile & Ohio
30,43
48,009
1903
Increase
„
60,221
....
1902....
EARNINGS IN OCTOBER.
$466,000 Texas
165,167
157,275
156,678
1901
16,071,288 16,794,927 1,547,870
11,438,289 16,101,754 2,073,105
falling off in the grain movement. At all events,
its increase in earnings this time is
only $466,000,
whereas we have been accustomed to see
gains each
month in the vicinity of one or two million dollars.
Even as it is, however, the Canadian Pacific’s
gain in
earnings is larger than that of any road in the United
of
Gross
Year
InPreced. cr’se.
To
1,000
Total of all—
1910
14,914,960 199,668,756 150,380,692 160,218,090 60,309,572
4,677,319
1909
16,883,362 184,055,285 132,506,076 136,408,703 59,420,837
5,131,497
excess
we are not
er.
24,835
16,601
LXXXXI
comparing with small earnings last
year.
Our early compilations for October 1909, com¬
prising substantially the same roads as are included in
our present
tabulations, recorded an increase of no less
than $7,479,391, or
11.76%. In October 1908, it is
true, the early compilation recorded a falling off,
the loss, however,
reaching only $2,678,874, or 3.95%.
October 1907 was the time of the
panic, but earnings
at that time still showed
large gains. The table we
now present
furnishes a summary of the October totals
as disclosed
by our early statements for the last fifteen
heavier this year than last, but the oats receipts
and the barley and rye
receipts, like those of wheat,
were
were
[VOL.
7,071,047
768,568
295,877
6,716,776
308,091
421,140
2,168,235
a
Includes th
GROUP.
6,946,605
917,252
284,448
6.192,435
301,820
346,134
2,009,973
1905.
$
5,722,767
871,126
260,050
5,708,211
284,654
384,686
1,875,275
21,936.765 21,778,941 17,821,360 17,749,734 16,998,667 15,106,769
*
Includes Mason City & Ft. Dodge and the Wis. Minn. & Pac. in 1910,1909&1908.
Includes Chicago Division in 1910,1909 and 1908; for previous
years we have com¬
bined Minn. St. P. & S. S. M. and Wis. Central'.
b Actual figures of earnings are now
used for comparison,
c Month in 1910 not yet reported; taken same as last year.
a
THE CHRONICLE
Nov. 12 1910. j
EARNINGS
October.
OF
.....
Name
1905.
$
$
495,263
857,941
532,715
815,394
542,202
818,836
543,105
3,886,146
4,168,500
3,892,357
3,572,756
5,301,602 a5,211,394
5,725,342
123,107
406,520
2,596,201
4,876,771
117,960
351,784
2,580,284
4,481,706
119,622
370,571
2,150,225
947,158
538,040
826,136
525,421
4,200,039
4,043,361
5,466,769
119,511
339,582
2,805,181
106,927
340,720
2,647,906
101,460
305,373
2,363,702
14,416,280 13,792,073 13,084,536 14,410,326 13,176,752 12,056,821
Total
a
1906.
$
$
721,198
$
$
1907.
1908.
1909.
1910.
Buff Roch & P
Chic Ind & Lou
Or Trk ol Canl
GrTrk Wes)
Det GH&MI
Canada Atlj
Illinois Central
Tol Peo & Wes
Tol St L & Wes
Wabash
WESTERN GROUP.
MIDDLE AND MIDDLE
Embraces, beginning with this year, some
1909.
1910.
of Road.
Toledo St Louis & Western
Wabash
Yazoo As Mississippi Valley
Increase.
$
2,927,482
22,564,756
7,880,232
$
3,115,440
24,600,727
8,135,568
Decrease.
$
187,958
2,035,971
255,336
Total (49 roads)
599,753,297 534,476,391 65,397,570
Net Increase (12.21%)
65,276,906
Mexican Roads (not lncl uded in tot al) —
Interoceanlc of Mexico
462,586
7,393,549
6,930,963
Mexican Railway
651,100
1/6,750,000 1/6,098,900
National Rys of Mexico.x. 54,373,824 47,777,262 6,596,562
£
V
$
120,664
—
Now Includes Mexican International In both years.
These figures are down to the end of the third week of October
In both years.
only
large items of Income not previously
Included In monthly returns.
GROSS EARNINGS AND
1301
TRUST CO'S.
ITEMS ABOUT BANES, BANKERS AND
MILEAGE IN OCTOBER.
—The
Gross Earnings.
Name oj Road.
1910.
1909.
$
394,465
$
370,630
1,226,980
538,040
808,673
1,619,517
2,254,400
98,618
98,635
200,949
206,906
296,407
206,731
1,303,341
1,115,170
525,421
799,455
1,609,924
2,246,400
93,036
109,166
152,940
184,170
321.543
208,762
4,200,039
4,043,361
+ 156,678
4,528
4,528
5,466,769
893,000
309,296
5,301,602
863,000
327,563
160,000
4,706,690
16,785
72,042
566,024
2,510,675
2,856,104
4,914,000
937,613
48,756
141,146
28,747
1,148,305
1,741,268
5,326,233
1,575,952
106,927
340,720
2,647,906
1,024,095
+ 165,167
+ 30,000
4,551
1,159
4,551
1,159
—18,267
558
558
+ 36,000
+ 118,685
740
660
4,590
4,398
105
105
196,000
4,825,375
15,626
66,326
538,196
2,161,920
3,111,828
4,985,000
907,176
38,965
147,339
54,408
1,173,950
1,815,375
5,461,295
1,623,227
119,511
339,582
2,805,181
951,865
New Orl Mobile As Chic..
Rio Grande Southern
St Louis Southwestern..
Seaboard Air Line
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & West..
Wabash
Yazoo & Miss Valley....
_
.
+ 23,835
195
142
171
640
568
1,289,114
Nevada^Callfornia-Oregon
S
195
—39,888
142
+ 4,413
171
—3,153
661
—3,499
568
+ 121,022
+ 243,600 3,297
+ 466,000 10,276
—9,600 1,916
+ 60,221 2,224
998
—14,227
+ 111,810 1,487
616
+ 12,619
336
+ 9,218
+ 9,593 2,032
+ 8,000 2,553
214
+ 5,582
360
—10,531
441
+48,009
301
+ 22,736
604
—25,136
395
—2,031
2,767,172
Mineral Range
Allnneapolls & St Louis.
MInneap St Paul & S S M
Missouri Kansas & Texas
Missouri Pacific
Mobile & Ohio
1909.
309
.
Cine New Orl & Tex Pac.
Colorado & Southern
Denver & Rio Grande.
Denver Northw & Pacific
Detroit & Mackinac
Detroit Toledo As Ironton
Ann Arbor
Duluth South Shore & Atl
Georala Southern As Fla...
Grand Trunk of Can—
Grand Trunk Western
Det Gr Hav & Mllw..
Canada Atlantic
Illinois Central.
Internat’l & Gt Northern.
Iowa Central
Kansas City Alex cc Orient
Louisville & Nashville..
Macon & Birmingham
and 100 shares at auction.
1910.
309
Alabama Great Southern.
Ala New Orl & Texas Pac
New Orl & Northeast-.
295,938
Alabama & Vicksburg
169,190
Vicks Shreve & Pacific.
134,620
233,939
Atlanta B’ham & Atlantic
Buffalo Roch & Plttsb...
947,158
Canadian Northern.
1,627,800
Canadian Pacific
10,150,000
Central of Georgia
1,241,600
Chesapeake & Ohio Lines
Chicago As Alton
Chicago Great Western..
Chicago Ind & Louisville.
Mileage.
Inc. (-f) or
Dec. (—).
335,826
164,777
137,773
237,438
826,136
1,384,200
9,684,000
1,251,200
2,706,951
—1.15*
—5,716
—27,828
—348,755
+ 255,724
+ 71,000
—30,437
—9,791
+ 6,193
+ 25,661
+ 25,645
+ 74,107
+ 135,062
+ 47,275
+ 12,584
—1,138
+ 157,275
—72,230
9,916
1,916
1,933
998
1,511
616
336
1,951
2,552
214
348
441
301
593
395
127
126
1,027
3,572
3,353
7,231
1,114
1,027
3,338
3,072
6,488
1,114
1
x
Now Includes Mexican
for three weeks only.
International In both years,
GROSS EARNINGS FROM JANUARY
Name of Road.
1910.
$
Alabama Great Southern..
Ala New Orl & Texas Pac—
New Orl & Northeastern.
Alabama & Vicksburg..
Vicks Shreve & Pacific..
Atlanta B’ham & Atlantic.
Buffalo Rochester & Plttsb
Canadian Northern
Canadian Pacific
Central of Georgia
Chesapeake & Ohio Lines__
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisville._
Cine New Orl & Tex Pac
Colorado & Southern
Denver & Rio Grande
Denver Northwest & Pac..
Detroit & Mackinac
Detroit Toledo & Ironton..
...
Ann Arbor
Duluth South Shore & Atl.
Georgia Southern & Florida
Grand Trunk of Canada.
Grand Trunk Western.. ■
Det Grand Hav & Mllw
Canada Atlantic
Illinois Central.
Internat’l As Gt Northern..
Iowa Central
Kansas < It 7 Vex ^ Orient
Louisville & Nashville
Macon *c Blrodugiiam
Mineral Range
Minneapolis As St Louis
MInneap St Paul & SSM..
Missouri Kansas & Texas.
Missouri Pacific
Mobile & Ohio
_
_
Nevada-Callfornla-Oregon.
New Orl Mobile & Chicago
.
Rio Grande Southern
StVLouls Southwestern
Seaboard Air Line
Southern Railway
Texas & Pacific
Toledo Peoria & Western..
3 ,709,326
2,947,846
1,436,824
1,218,296
2,177,440
7,658,818
11,257,700
82,653,735
10,055,055
26,948,982
11,394,087
10,530,554
5,211,112
7,829,960
14,100,631
19,954,819
878,991
1,048,259
1,511,1243
1,606,629
2,826,428
1,924,703
1
y
184
403
180
184
403
180
1,476
2,995
7,039
1,885
1,469
2,997
7,050
1,885
248
451
248
451
2,514
1,372
2,514
1,371
$
3 .030,645
Increase.
258,258
2,689,588
135,929
1,300,895
65,223
1,153,073
286,018
1,891,422
961,772
6,697,046
8,145,400 3,112,300
68,175,855 14,477,880
821,843
9,233,212
23,719,624 3,229,358
697,951
10,696,136
8,961,590 1,568,964
576,118
4,634,994
6,825,887 1,004,073
12,657,146 1,443,485
18,333,143 1,621,676
228,240
650,751
32,367
1,015,892
301,125
1,210,118
178,203
1,428,426
265,230
2,561,198
1,773,495
151,208
33,588,853
2,960,267
51,983,143
7,271,795
2,781,426
1,226,620
44,688,536
47,196,752
6,633,168
2,648,651
1,045,209
4,786,391
638,627
132,775
181,411
5.787,554
641,323
4,218,985
18,614,852
22,606,357
44,539,140
8,956,444
335,573
1,446,825
515,193
9,271,380
17,035,793
48,314,631
12,871,863
1,036,917
Decrease.
$
678,681
36,549,120
114,208
38,900,982
117,945
695,502
3,719,934
17,410,257
20,933,691
40,485,397
8,174,585
398,321
1,233,859
401,951
8,565,254
15,296,176
44,249,015
11,705,799
917,084
stocks reach
Shares.
a
The transactions in trust
6
America, Bank of
23 City Bank, National
*18 Commerce, Nat. Bank of.
Low.
600
Last
previous
383 H 383 H 383 H Sept.
202 M 202 h Nov.
201
101
101
101
Aug.
314 % 314 % 314 H Nov.
190 H
330 M
192
330
192
sale.
Mch. 1910— 631
1910— 384
mO- 202 H
mO— 100 k
1910— 315
Nov. 1910— 191
H 330 H Mch. 1910— 341
350 % 351 X 351
Nov. 1910— 352
TRUST COMPANIES—New York.
10 Central Trust Co
1030 H 1030 K 1030 H Dec. 1909—1030
TRUST COMPANY—Brooklyn.
June 1910— 110
35 Home Trust Co...
106
106
106
Sold at the Stock Exchange,
y Of this amount, 50 shares were sold at
Stock Exchange,
x Now known as the National Reserve Bank.
k This was for stock of the National Reserve Bank.
•
the
—It appears that we were in error last week in
the balance of the so-called “Walsh claim” held
stating that
by the Chi¬
Clearing-House banks would still amount to about $8,000,000, after being reduced as a result of the sale of the prop¬
erties recently made.
The figures published by us were taken
from the Chicago “Record-Herald” of the 1st inst., but, as
will be seen from the following letter, which we have re¬
ceived from J. R. Walsh & Co., the claim should be reduced
through the two transactions (counting nothing else) to
about $6,250,000.
cago
Chicago, November 8 1910.
William B. Dana Company,
New York City.
the “Commercial and
by the trustees of the
Chicago Clearing-House banks of certain property turned over to them by
John R. Walsh, we note that you state that, “With the above payments,
it is reported that the balance of the W'alsh claim will be reduced to about
Referring to the item on page 1221 of your issue of
Financial Chronicle” of Nov. 5, in regard to the sale
$8,000,000.”
At the time of the settlement of the note given to the Clearing-House
banks by the individual members of J. R. Walsh & Co. last January, the
claim on that note amounted to under $7,250,000.
In your item you show
amounting to over $1,000,000.
Disregarding any previous
disregarding any interest from the time of the settle¬
ment, you will see that the claim is reduced by these two transactions to
about $6,250,000.
Yours truly,
sale of property
amounts realized and
J.
R.
WALSH
&
CO.
—It is understood that arrangements have been perfected
whereby the $50,000,000 loan to the Chinese Government
will be handled jointly by American, British, German and
French banking interests.
As mentioned in a previous
issue, the local group of bankers which is to participate in
the loan is composed of J. P. Morgan & Co., Kuhn, Loeb &
Co., the National City Bank and the First National Bank.
—The New York Stock Exchange has reinstated to privi¬
leges on the floor the banking house of E. F. Hutton & Co.
of 35 New Street, which had been suspended for a period of
one year on May 25 1910.
The reinstatement was in accord¬
ance with the following resolution, adopted by the Govern¬
ors of the Exchange on Wednesday:
suspension was based on an alleged violation of the
Exchange forbidding the splitting of commis¬
sions, the Exchange having contended that an infringement
of this rule had been made by the firm in the payment of an
unusually large salary to one of its employees. The firm
held that there had been no splitting of commissions, and
that “any evasion of the commission law was of a technical
nature, and not intentional.” During the period of suspen¬
sion the firm continued in business, but transferred the or¬
ders of its customers to other brokers, paying commissions
The
rules of the
499,051
1,204,595
1,672,666
4,053,743
781,859
as an
62,748
119,833
600
“Resolved, That the balance of the term of the suspension of Franklyn
3,737
1,166,064
High. Close.
600
L. Hutton be remitted.”
54,179
212,966
113,242
706,126
1,739,617
4,065,616
com¬
total of 45 shares.
BANKS—New York.
These figures
TO OCTOBER 31.
1909.
pany
3,224
Totnl (49 roads)._
69,014.101 67,173,773 + 1,840,328 81,498 79,146
Net Increase (2.14%)
Mexican Roads (not In eluded in total) —
Interoceanlc of Mexico
739,815
+ 11,256
728,559
J ,035 1,018
Mexican Rallwav
361
321
1/371,300
—57,700
y429,000
National Rys of Mexico
+ 749,096 6,147 6,178
5,572,970 4,823,874
are
public sales of bank stocks this week aggregate 186
shares, of which 86 shares were sold at the Stock Exchange
outsider.
—B. J. Burke, for twenty years a member of the firm of
H. B. Hollins & Co. of this city, died on the 6th inst.
Mr.
Burke, who was fifty-seven years of age, had spent his life
boyhood in the Wall Street section, where he had
many warm friends who will be saddened by his death.
He
from
had been ill for
some
months.
1302
THE CHRONICLE
—Because of the neglect in some instancesjby banking and
brokerage houses to pay the tax imposed by the Legislature
in 1905 on transfers or sales of
stock, the New York Stock
H—William
Exchange has notified its members that failure to affix the
stamps will be considered “an act detrimental to the inter¬
est and welfare of the Exchange.”
A member convicted of
the latter is liable to suspension for one
The notice
year.
which has been issued by the Exchange says:
Mr.
NEW YORK STOCK EXCHANGE.
^
November 9 1910.
The
following
'
was this
day adopted by the Goverhlng Commlttee:
"The Governing Committee calls the attention of members to the fol¬
lowing resolution adopted on May 2fi 1905:
"
'In order to constitute a good delivery after June 1 1905, all deliveries
on sales of stock, whether bv
Clearing House delivery ticket or by certificate
of stock, must be accompanied by a sales ticket stamped In accordance
with the Act. of the Legislature of the State of New York,
adopted April 19
1905, providing for a tax on transfers pf stock/
"Any wilful failure on the part of a member to affix the stamps required
by Article XII.of the Tax Law. relating to the tax on transfers or sales of
stock, will be deemed by the Governing Committee an act detrimental to
the Interest and welfare of the Exchange."
GEORGE W. ELY, Secretary.
—It has
[Vol.
lxxxxi.
W. Scrugham has been chosen to succeed the
Doty as President of the First National Bank
late William H.
of Yonkers, N.
Scrugham
Y.
as
also been elected
a
Hampton D. Ewing takes the place of
Vice-President and Anson Baldwin has
Vice-President of the bank.
—A charter for the National Bank of North Hudson at
West Hoboken, N. J., was issued on Oct. 8.
Bergkamp is President, John J. McMahon
George B.
and Otto Kaege-
behn are Vice-Presidents and Howell S. Bennet is
The institution has a capital
Cashier.
of $100,000.
—The final report on the failed Middlesex
County Bank of
Perth Amboy, N. J., was filed
by Receiver Halsey M. Barrett
on Oct. 28.
The failure occurred 11 years ago, and Edward
S. Campbell served as its receiver from
July 24 1899 until
his death in July 1905,
since which date the receivership has
been held by Mr. Barrett.
Under Receiver Campbell a
total of 50% was paid to the creditors in two dividends of
35 and 15%,
respectively.
$103,487
Mr. Barrett reports assets of
available at the present time for the payment of
allowances and a final dividend to the
general creditors.
After making provision for the various
allowances, he ex¬
pects to pay a dividend of 20% to the creditors, bringing the
as
developed that control of the Hungarian-American
city, of which P. R. G. Sjostrom recently be¬
came President, is now lodged with the
Hungarian Com¬
mercial Bank of Pest (the oldest and largest bank in
Hungary) aggregate up to 70%. The claims against the institution at
and the Central Credit Bank of Hungarian Financial Estab¬
the time of its failure are said to have amounted to
$456,094.
lishments, Ltd., of Budapest.
—The
National
Union Bank and the National Bank &
—Alexander Phillips, who was elected in September as
Loan Co. of Watertown, N. Y., have been absorbed
by the
Secretary of the United States Mortgage & Trust Co. of this
new Northern New York Trust Co. of
Watertown, which
city, with especial charge of its foreign exchange department,
The National Union Bank
has entered upon his duties.
Mr. Phillips was formerly began business on the 1st inst.
had a capital of $200,000 and
deposits of about $965,000
Sub-Manager of the London office of the Societe Generale
and the National Bank & Loan Co. a
de Credit Industriel et Commercial of Paris.
capital of $100,000 and
deposits of about $862,000. Both institutions terminated their
—Lynn H. Dinkins of New Orleans was this week elected existence on
Oct. 31.
The Northern New York Trust Co.,
a director of the Mutual Alliance Trust
Company of this city. in which Vice-President James A. Sherman is
interested,
Mr. Dinkins is President of the Inter-State Trust &
Banking was incorporated in June. Its
capital is reported as $400,Co. of New Orleans.
000.
The President, William H.
Hathaway, had been at
—The formation of a new local national bank is in
the
head
of the National Bank & Loan Co.
Carl H. Rohr,
progress,
aii application having been approved on Oct. 19 to
organize formerly a clerk in the employ of the National Union Bank,
the Claremont National Bank of New York, with
$200,000 was arrested in Seattle, Wash., on the 3d inst., charges con¬
capital. The project is being undertaken by T. P. Brokaw cerning a defalcation, it is said, having
been preferred against
Jr., C. Wodenscheck, M. Hurst, W. Hauessler, H. Moller him. It is alleged that a $13,000 shortage in the books kept
and A. Hollinger.
by the former clerk (who resigned Oct. 24) was brought to
—Samuel W. Bowne of the firm of Scott & Bowne and a light in checking up the books at the time of the consolida¬
director of the Aetna National Bank of this
city, died on the tion.
29th ult. at the age of sixty-seven
years.
Mr. Bowne was
—The Bank of Wayne, at Lyons, N. Y., is
reported to
also well known as a philanthropist
have closed its doors on Wednesday, Benjamin D.
Haight
—An indictment was returned this week
by the Federal having been placed in charge to liquidate its affairs. The
Grand Jury against the members of the firm of B. H. Schef- institution has a
capital of $50,000 and its deposits are said
tels & Co. of 44 Broad
St., whose offices were raided on to aggregate about $80,000. It was depository for Wayne
Sept. 29 by United States Government agents. The indict¬ County Court and trust funds. It is stated that the bank
ment is said to charge
conspiracy in using the mails to de¬ was affected by the bankruptcy of the Lyons Beet Sugar
fraud, and the indicted members are Simon Jacob Herzig, Refining Co.
alias George Graham Rice; B. H.
Scheftels, Charles F. Belser,
—Frank E. Barker, Cashier of the New London City Na¬
George J. Sullivan, Ralph E. Waterman, John Delaney and
tional Bank of New London, Conn., was arraigned before a
Charles B. Stone.
All pleaded not guilty and were released
U. S. Commissioner on the 5th inst. charged, it is
stated,
under bail.
with having made loans of between $16,000 and $17,000 with¬
—Justice George Freifeld was recently elected First Vice- out the consent of the
directors, and with the making of
President of the Citizens Trust Co. of
Brooklyn Borough to false entries in the books of the bank. He was held in $5,000
succeed Thomas F. Magner,
resigned. Some months ago bonds for his appearance before the U. S. Circuit Court. The
differences with regard to the
management of the company alleged false entries are reported to have been discovered by
arose between the directors with the result
that Mr. Magner a national bank examiner on Oct. 14.
The accused is said
and several of the other directors decided to
dispose of their to claim that the money was loaned to a customer of the*
holdings and withdraw from the institution. President bank to save him from financial
difficulties, and that no
Nathan S. Jonas is said to have
arranged to take over personal profit came to him in the transactions.
their interests,
amounting to 900 shares, at $140 per share, to
—Ex-Governor John L. Bates, as receiver of the failed
be paid in installments, the final
payment falling due Oct. 1.
National City Bank of Cambridge, Mass., filed a bill in equity *
Those who retire with Mr.
Magner are David Michel, Alexan¬ on
the 3d inst. in which he seeks to hold the directors of the
der J. McCollum, Frank J. Helmle and Dr. James E.
O’Donoinstitution
hue.
responsible for the shortage for which former
With Justice Freifeld’s election as
Vice-President on
October 19, Arthur S. Somers and Jeremiah
bookkeeper George W. Coleman is now serving a fifteen-year
Wood were
The action, it is stated, has been brought against
sentence.
made members of the board of directors.
Ralph Jonas was Edwin
Dresser, President; David A. Barber, George W. Gale,
elected to the directorate last
August, succeeding H. B. Sumner
Dresser and George E. Richardson, directors.
Rosenson.
The
Boston “Herald” reports that neglect of their duty to use
—State Superintendent of Banks O. H.
Cheney is said to reasonable care as directors in the management of the bank,
have denied a charter to the
projectors of the Flatbush in the examination or auditing of its books, and to oversee
Savings Bank of Brooklyn Borough. While considerable its
employees, is charged in the complaint. According to
opposition is claimed to have been manifested by the Flat- the
“Herald,” Coleman’s peculations began in 1907 or
bush Trust Co. because of the
possible confusion of the earlier, and the bank is alleged to have been insolvent for
proposed bank with the trust company, Superintendent two
years before it was closed by the Comptroller of the Cur¬
Cheney’s action is reported by the Brooklyn “Eagle” to have
rency on l?eb. 23 1910, at which time, it is claimed, a total
been due to the fact that the interests concerned in
the of $307,000 had been
misapplied. An assessment of 100%
movement relaxed their efforts somewhat and failed
to take was made
upon
$i00,000
the
capital, through which the
further steps to secure the charter.
receiver has been enabled to pay a dividend of 60%.
Bank of this
/
.
•
•
Nov. 12
—The
THE CHRONICLE
1910.]
Arlington Trust Company
gan
business
sor
to the
on
of Lawrence, Mass., be¬
Oct. 17 with $200,000 capital.
It is
succes¬
Batik, which was placed in
Oct. 15. The bank had a capital of
Arlington National
voluntary liquidation on
$100,000.
Brookline, Mass., recently or¬
ganized, is said to have taken over the business of the Brook¬
—The Norfolk Trust Co. of
line National Bank.
Biddeford, Me.,
last, following the discov¬
ery of a shortage in its funds, reopened for business on Mon¬
day, Oct. 31. The shortage is reported to have amounted
to about $300,000, of which about $193,000 is attributed to
bad investments made by the bank between 1874 and 1903,
according to a report submitted to depositors on Oct. 14.
Since the suspension the depositors’ accounts have been
scaled down 2214% by order of the Supreme Court, to effect
the solvency of the institution and permit it to resume.
The trial of Richmond IT. Ingersoll, former Treasurer of the
bank, who was indicted in September on a charge said to
allege the larceny of $3,300, has been put over until the Janu¬
ary term of the Supreme Court.
—A considerable advance has occurred in the price of the
etock of the Fourth Street National Bank of Philadelphia
during the present month. The asked price toward the close pf
October was 290, as reported in our “Bank and Quotation
Section” of Nov. 5; since then sales of the stock have ranged
from 300 per share to 301, 302 and 30334, the'last three fig¬
ures being of date
Nov. 9.
—The question of increasing the capital of the Kensington
Trust Co. of Philadelphia from $150,000 to $200,000 will be
—The York
County Savings Bank of
which closed its doors on Aug. 12
submitted to the vote of the stockholders at the annual
Jan. 17.
application to organize the Federal National Bank
<of Washington, D. C., with $250,000 capital, has been
presented to the Comptroller of the Currency. The interests
concerned in the movement are W. E. Fowler, W. Sands,
A. E. Randle, W. J. Lambert and M. A. Winter.
—Frank M. Murphy, formerly of Indianapolis, where he
has large interests, has been elected a Vice-President of the
Farwell Trust Co. of Chicago.
J. B. Sears, Treasurer of the
Farwell Trust Co., has been elected a director to succeed
W. B. Jansen, former Vice-President of the Atchison Topeka
& Santa Fe RR., and who recently retired from active
meeting
on
—An
Bank,” accompanies the report in a separate pamphlet, the
Group officers having considered the address of such import¬
ance as to warrant its distribution apart from the proceedings.
—A 10% dividend was declared on the 8th inst. in favor
of the creditors of the Spring Valley National Bank of Spring
Valley, Ill. This is the third dividend to be paid since the
institution suspended in July 1905, 20% having been dis¬
tributed in 1906 and 5% in 1907, the aggregate thus being
35%.
Bank, of Omaha, Neb., will shortly
possession of its magnificent new banking quarters in
the building formerly known as the New York Life Insurance
Building, but which was purchased outright by the bank
some time ago and thoroughly remodeled into a strictly
up-to-date office building. The main banking room takes in
the entire first floor and is one of the largest and handsomest in
the country.
Pavanozza Italian marble has been used
extensively for wainscoting counter rails, &c., with green
Greek marble bases, wdiile the grill work is of solid bronze.
The banking room floor and corridors are laid in pink Tennessee
marble.
All the woodwork in the ladies’ private banking
department and the directors’ room is of Circassian walnut,
while that in the various other departments is of solid mahog¬
any. The bank has had installed by the Mosier SafeCo. three
of its largest and most modern vaults, the one on the main
floor for cash, &c., and two in the Safe Deposit Department in
the basement. The main vault, a massive affair, containing
at present 2,500 boxes, with room for several thousands
more, is one of the largest in the country.
This department
contains an elegant coupon room, desks, &c., for the con¬
venience of its customers.
The Omaha National has a
capital of $1,000,000, surplus and profits of $557,615$
deposits of $11,000,000 and aggregate resources of abput
$14,000,000. J. H. Millard is at the hand of the institution;
William Wallace, W. H. Bucholz and Ward M. Burgess,
are Vice-Presidents; J. i)eF. Richards, Cashier, and Frank
Boyd, B. A. Wilcox and Ezra Millard, Assistant Cashiers.
—The Park Junction State Bank, a small bank in Kansas
City, Kan., is reported to have been reorganized as the Night
& Day Bank of Kansas City.
Its banking hours will be from
8 a. m. to 9 p. m. each working day except Saturday, when
it will remain open until 10 p. m.
—The Omaha National
take
,
$445,230 has been brought against the Pioneer
City, Mo., by James E. Brady, for losses
business on account of ill-health.
he asserts he suffered through his displacement as a majority
According
—At a special meeting of the stockholders of the Live stockholder in the institution in February 1907.
Stock Exchange National Bank of Chicago, held on Oct. 27, to the Kansas City “Star,” Mr. Brady claims that without
three additional directors were elected as follows: Edward his knowledge or authority as controlling stockholder, the
F. .Swift, Vice-President of Swift & Co.; Charles M. Mac- executive committee met and issued enough treasury stock
farlane, Secretary of Morris & Co., and H. E. Poronto, to reduce his holdings to a minority; that his reversal in
Secretary of the Union Stock Yard & Transit Co. With the position caused him to sell his stock at a loss, and that his
addition of the above directors the board is increased from loss of control in the institution resulted in the failure of a
plan to consolidate that company with the Bankers’ Trust
eight to eleven members.’
—Arrangements are being perfected for the transfer of the Co., the Southwestern Trust Co. and the American National
W. H. Holmes, President of the Pioneer Trust Co.,
business of the Ashland Exchange & Savings Bank, a private Bank.
is quoted as stating that “Mr. Brady did not at that time or
banking institution, at 63d Street and Ashland Avenue,
at any other time own a controlling interest in the Pioneer
Chicago, to the proposed Ashland State Bank. The private
Trust Co.
The stock held by himself and his friends was
bank was organized in 1904.
It has a capital of $100,000.
The officers of the Pioneer
The proposed institution is to have a capital of $200,000, purchased at their own price.
Trust Co. had no knowledge of or connection with any plans
and it will be under the management of John W. Venable,
President; Charles R. Wakeley, Vice-President; Ernest
Rastall, Cashier, and C. E. Madison, Assistant Cashier.
S.
change is reported in the ownership of the Washington
Bank of Chicago.
Isaac N. Powell has
become President of the bank, succeeding Louis C. Wagner,
and Jacob L. Stahl has replaced A. W. Tobias as VicePresident; A. E. Olson continues as Cashier. H. W. Mahan,
President of the South Side State Bank, has been elected to
the directorate of the Washington Park National.
The new
President of the latter is Treasurer of the City of Chicago.
The Washington Park National began business on May 1 last,
having succeeded to the business of the Washington Park
—A
Park
National
Bank.
director of the
of Robert
Jones, who retired from the management some months ago.
Mr. Gauger is President of the John A. Gauger Lumber Co.
—We have been favored by Secretary James M. Hurst of
Chicago with a copy of the proceedings (in pamphlet form)
of the fourth annual convention of Group 4 of the Illinois
Bankers’ Association, held at Aurora on June 15.
A copy
of the address delivered at the meeting by Prof. Cynl Q.
Hopkins, of the University of Illinois, on “The Soil as a
—John
A.
Gauger has been elected
a
Drexel State Bank of Chicago to take the place
—A suit for
Trust Co. of Kansas
of consolidation among
the institutions named in the suit.”
City National Bank of St. Louis
placing their institution in voluntary
liquidation on the 3d inst., following the purchase of its
assets by the Central National Bank, which likewise assumes
the liabilities of the City National.
The latter began
business in August 1905 with $200,000 capital.
It had
surplus and profits of $48,672 in its Sept. 1 1910 statement,
and the deposits on that date amounted to $1,044,995.
The
price paid by H. P. Hilliard, President of the Central Na¬
tional, for the stock of the City National, i3 understood to
have varied, the minimum being reported as $110 per share.
Maurice Landau, President, and T. L. Rubinstein, VicePresident, of the City Rational Bank, have been elected
directors of the Central National, and Jacob Berger, active
Vice-President of the City National, will be made a VicePresident of the Central National.
Cashier H. R. Rehme,
of the City National, will also, it is stated, be identified with
the Central.
The Central National has been in operation
since 1906. It has $1,000,000 capital, surplus and profits
of $97,574 and deposits of $6,888,933.
—At a meeting of the stockholders of the American
National Bank of Richmond, Va., on Oct. 31 a new $100,000
—The stockholders of the
took action toward
1304
THE CHRONICLE
issue of stock was authorized which will increase
the
from $500,000 to $600,000.
The
new
stock is $150 per
capital
selling price of the new
October 17.
It is stated that there had for some time
been rumors to the effect that the institution would be
LXXXXI
having been convicted, it is stated, of accepting deposits
share. Earlier in the present year
capital was raised from $400,000 to $500,000.
—The Bank of Monroe, of
Monroe, La., closed its doors on
the bank’s
|VoL.
after he knew the bank to be insolvent.
Sentence was im¬
posed following the denial of a motion for a new trial. The
bank closed its doors last March.
—A double
liability call of 95% has been made
against
the stockholders of the Ontario Bank of
Toronto, which was
placed in liquidation in Oct. 1906, following the disclosure
liquidated preparatory to the organization of a national of an
impairment in its funds. An offer made by the Bank
bank.
The Court has, however,
appointed T. E. Flour¬ of Montreal for the discharge
of the obligations of the Bank
noy and H. D. Apgar as receivers of the bank, on
appli¬ of Ontario was accepted by the latter at that
time, and this
cation made by the Ouachita National
Bank, the Union agreement is held to be valid in a decision rendered
by the
Bank & Trust Co. and H. C.
Blanks, bf Columbia. The Judicial Committee of the
Privy Council on the 1st inst. in
Bank of Monroe has a
capital of $100,000. According to an action which had been
brought against the Bank of
the New Orleans
“Picayune,” the receivers paid out about Montreal by shareholders of the Bank
of Ontario.
The
$75,000 to depositors on October 31. The bulk of the Toronto “Globe”
states that under this decision the share¬
money was furnished, it is stated, by J. E. Franklin, holders of the
defunct bank will be called
a director of the
upon, under the
bank, and President of the Bankers’ Trust double liability clause of the Bank
Co. of St. Louis.
Other stockholders in Monroe furnished
the remainder.
All the
depositors, it is said, will be paid
in full.
—The Western National Bank of San
Francisco, Cal., was
placed in voluntary liquidation on Oct. 31, its business
having been merged with that of the Metropolis Trust &
Savings Bank, resulting in the formation of the Western
Metropolis National Bank. The new institution, as noted in
this department Oct. 1, has a
capital of $1,500,000. Its
officers are: Alfred L.
Meyerstein, President; J. H. Spring,
Vice-President; William C. Murdoch Jr., Cashier; and
George Long, Assistant Csahier. The Western National had
deposits of about $2,165,000 and the Metropolis Trust about
$1 ,685,000, the enlarged institution thus
having deposits
in the neighborhood of
$4,000,000.
—The business of the Mechanics’
Savings Bank of San
Francisco and that of the Bank of San Francisco is
reported
to have been purchased
by the Bank of
of Montreal
up the amount
exceed its assets.
—Robert
Act, to pay to the Bank
amounting to about $1,500,000, to make
by which the Ontario Bank’s liabilities
a sum
A.
Banking Co. of
Crump, formerly Cashier of the Federal
Mexico City, which closed its doors last
May, was sentenced on the 5th inst. to twelve years’ im¬
prisonment and to pay a fine of $500,
having been con¬
victed, it is said, of misappropriating $68,500 of the funds
of the institution.
The
case
is understood
to
have been
appealed.
IMPORTS AND EXPORTS OF GOLD AND
SILVER AT
SAN FRANCISCO.
The Collector of Customs at San Francisco
has furnished us
this week with the details of the
imports and
exports of gold
and silver
through that port for the month of September, and
they are given below in conjunction with the figures for
pre¬
Italy at San Fran¬ ceding months, thus completing the results for the nine
cisco, with a view to a merger of the three institutions. months of the year 1910. The imports of gold in September
were fairly large,
The Bank of San Francisco w^as
reaching $861,506, mainly gold coin. Of
incorporated in 1907 with
silver there came in
$200,000 capital. The Mechanics’ Savings Bank,
$108,383, largely bullion and ore. Dur¬
capital,
$350,000, began business in 1904. It has deposits of about ing the nine months there was received a total of $2,834,744
$575,000. The Bank of Italy took action during the summer gold and $1,522,321 silver, which compares with $2,47S,245
towards increasing its paid-in
capital on the first of January gold and $2,017,432 silver in 1909. The shipments of gold
next from $750,000 to
during September were $10,000 coin and the exports of silver
$1,000,000.
were $831,821,
wholly bullion. For the nine months the
—Arrangements have been entered into for the consoli¬
dation of the Swedish-American Bank of San
exports of gold reached $1,980,208, against $17,758,457 in
Francisco with
1909; and $4,904,421 silver was sent out, against $5,930,992
the Merchants’ National Bank of that
city. The proceed¬ in 1909. The
exhibit for September and for the nine months
ings, it is stated, will be completed about Nov. 30, the con¬
is as follows:
solidation to be effected through an
exchange of stock. The
IMPORTS OF GOLD AND SILVER AT SAN
FRANCISCO.
Swedish-American Bank was formed in 1908 with
$250,000
capital. The Merchants’ National began business in Janu¬
Gold.
Silver.
Months.
ary 1907, taking over the commercial business of the Scan¬
Coin.
Bullion.
Total.
Coin.
Bullion.
Total.
dinavian-American Savings Bank. In 1909 the Merchants’
1910.
$
$
$
%
$
$
absorbed the United States National Bank.
183,913
183,913
Its capital was January
171,115
152,625
323,740
February
‘12,666
76,160
88,160
194,318
13,837
increased at that time from $300,000
208,155
4,068
to $500,000.
167,670
171,738
Lewis March
173,280
93,147
266,427
April
I. Cogwill will retain the
147,884
147,884
71,512
71,512
presidency of the Merchants’ Na¬ May
155,833
155.833
21,292
33,841
55,133
tional with the completion
June
250
296.377
296,627
4,080
104.675
the
of
108,755
present consolidation.
July
81,064
„
—
—An
idea
of
the sumptuous quarters of the
Crocker
National Bank of San Francisco is obtained
from photo¬
engravings of various sections of its offices, which have been
distributed by the bank.
the usual method of
the many attractive
banking structures in the city. The
Crocker National has a
capital of $1,000,000 and surplus
and undivided
profits (Sept. 1) of
$3,315,518, deposits of
$24,606,528. President
total resources of
William H. Crocker is associated in the
management with
Charles E. Green and James J.
Fagan,
Vice-Presidents;
—Action toward winding
up the affairs of the defunct
Bank of William Collins & Sons of
Ventura, Cal., was taken
on Oct.
21, when an auction sale of its
remaining assets was
had, realizing $15,600. The bank suspended on Nov. 12
1907, and the receiver is said to have paid out since then
55%. A further dividend of 25% is expected to be dis¬
as a
result of the sale which has
just been effected.
—H. J.
Welty, formerly President of the failed Home
Security Savings Bank of Bellingham, Wash., was sentenced
on
the 2d inst. to from four to ten
years’
993,886 1,840,858
369,798
45,450
96,797
45,936
559,285
861,506
2,834,7441 752.268
133,980
179.430
103,989
200,786
62,447
108,383
770,053 1,522,321
EXPORTS OF GOLD AND SILVER FROM SAN
FRANCISCO.
Gold.
Silver.
Months.
1910.
Coin.
Bullion.
S
$
January
February
March
.*.
1,970,208
.
..
Total.
$
1,970,208
Coin.
Bullion.
5
$
1,500
—
May
June
July
August
September
Total 9 mos.
Total.
%
489,700
620,000
462,800
800,100
469,400
491,200
620,000
462,800
800.100
469.400
512.600
512.600
4.500
10,000
10,000
10,000
1,970,208
1,980,208
6,000
334.000
378,000
831,821
378,000
4,898,421
4,904,421
338,500
831,821
W.
Gregg Jr., Cashier, and C. F. Baker, G. W.
Ebner, W. R.
Berry and J. B. McCargar, Assistant Cashiers. John Clau¬
sen is
Manager of the Foreign Department.
tributed
288,734
285,281
239,006
274,004
622,500
Total 9 months
The institution has not followed
presenting these in pamphlet or book
form, but issues each of the series of engravings (about a
dozen in number) in detached form—that
is, no one of the
photographs is joined to the other with binding or other
fastening. The building is one of the most noted
among
$18,714,603 and
August
September
imprisonment,
DEBT STATEMENT OCT. 31 1910.
The
following statements of the public debt and Treasury
cash holdings of the United States are made
up from official
figures issued Oct. 31 1910. For statement of Sept. 30 1910,
see issue of Oct. 8 1910,
page 920; that of Oct. 31 1909, see
Nov. 20 1909, page 1322.
INTEREST-BEARING
DEBT OCT. 31
Amount
Issued.
$
1910.
Amount
Outstanding
Interest
Registered.
Coupon.
Title of Loan—
Payable.
$
$
2s, Consols of 1930
Q.-J.
646,250,150 641,711,950 4,538,200
3s, Loan of 1908-18......Q.-F. 198,792,660 42,777,940
21,167,520
3s, Loan of 1925
Q.-F. 162,315,400 98,648,400 19,841,500
4s, Pan. Canal Loan 1906.Q.-N.
54,631,980 54,601,220
30,760
2s, Pan. Canal Loan 1908.Q.-F.
30,000,000 29,586,620
.
413,380
Total.
S
*i
646,250,150
63,945,460
118,489.900
54,631,980
30,000,000
Aggregate int.-bearing debt..1,091,990,190 867,326,130 45,991,360 913,317,490
THE CHRONICLE
Not. 12 1910.'
$20, loan of 1908 coupon and registered;
3s of 1908; of $100, all Issues; of $500, al 1 issues; of $1,000,
registered 2s, 3s and 4s; of $10,000, all registered bonds; of
$50,000, registered 2s of 1930.
Note.—Denominations of bonds are: Of
of $50, all Issues except
all Issues; of $5,000, all
DEBT ON WHICH
INTEREST HAS CEASED SINCE MATURITY.
Sept. 30.
Oct. 31.
continued at 2%, called May 18
1900, Interest ceased Aug. 18 1900.
$7,000 00
Funded loan of 1891, matured Sept. 2 1891
23,650 00
Loan of 1904, matured Feb. 2 1904
13,450 00
Funded loan of 1907, matured July 2 1907
1,096,450 00
17,090 00
Refunding certificates, matured July 1 1907
Old debt matured at various dates prior to Jan. 1
1861 and other Items of debt matured at various
dates subsequent to Jan. 1 1861
906,045 26
Funded loan of 1891,
Aggregate debt on which Interest has ceased since
maturity
$2,063,685
DEBT BEARING NO INTEREST.
Sept. 30.
.
United States notes.
Old demand notes
National bank notes—Redemption account
Fractional currency, less $8,375,934 estimated
lost or destroyed
26
$7,000
23,650
13,450
1,089,800
17,040
1305
Population of the UnitedlStates^Nov. 1 1910 estimated at 90,844,000; circulation
capita, $35 01.
* A revised estimate
by the Director of the Mint of the stock of gold coin was
adopted in the statement for Aug. 1 1907. There was a reduction of $135,000,000.
6 A revised estimate by the Director of the Mint of the stock of subsidiary silver
coin was adopted In the statement of Sept. 1 1910.
There was a reduction of
per
$9,700,000.
00
00
00
00
00
a For redemption of outstanding certificates an exact equivalent In amount of the
appropriate kinds of money Is held In the Treasury, and Is not Included In the
held as assets of the Government.
account of money
d This statement of money held In the Treasury as assets of the Government does
deposits of public money In National Bank Depositaries to the credit
of the Treasurer of the United States, amounting to $35,659,998 60.
not Include
906,045 26
$2,056,985 26
ptmictarai ©omm crctalgtiflUsR^ms
Oct. 31.
$346,681,016 00
53,282 50
32,628,771 76
$346,681,016 00
53,282 50
33,529,205 50
6,858,435 93
6,858,435 93
as
[From our own correspondent.]
London, Saturday, Nov. 5 1910.
The Paris Bourse was closed both on Monday and on Tues¬
day
because of the All Saints festivals, and the London Stock
RECAPITULATION.
Increase (+) or
Exchange was closed on Tuesday, being the first of Novem¬
Classification—
Sept. 30 1910.
Decrease (—).
Oct. 31 1910.
ber.
Interest-bearing debt
$913,317,490 00 $913,317,490 00
Practically, therefore, scarcely any business was done
2,056,985 26
—$6,700 00
Debt Interest ceased
2,063,685 26
On Wednesday, when the House reopened,
Debt bearing no Interest
387,121,939 93
386,221,506 19
+900,433 74 here on Monday.
there was a much more hopeful and cheerful spirit than for a
Total gross debt..
$1,302,496,415 19 $1,301,602,681 45
+$893,733 74
Cash balance in Treasury*...
235,688,932 10
240,984,015 77 —5,295,083 67 long time before, and the cheerfulness has continued in spite
of labor disputes, which are so difficult to settle. The lead¬
Total net debt
$1,066,807,483 09 $1,060,618,665 68 +$6,188,817 41
ers of the men have sent out a second ballot to the boiler¬
Including $150,000,000 reserve fund.
The foregoing figures show a gross debt on Oct. 31 of makers in regard to the arrangement which they had made
with employers.
It appears that the vote for accepting the
$1,302,496,415 19 and a net debt (gross debt less net cash
agreement
was
really
larger than had been supposed, be¬
in the Treasury) of $1,066,807,483 09.
cause some of the votes did not come in in time.
It is now
TREASURY CASH AND DEMAND LIABILITIES.—
hoped that the agreement will be accepted. In South Wales 1
The cash holdings of the Government as the items stood the leaders of the men are
using all their influence to prevent
Oct. 31 are set out in the following:
trouble, but in several districts the men are quite unman¬
LIABILITIES.
ASSETS.
ageable, and strikes have taken place throwing more than
Trust Fund Liabilities—
$
Trust Fund Holdings—
$
Gold
certificates
899,859,669 00
Gold coin
899,859,669 00
30,000 men out of employment. As there is so much dis¬
489,068,000 00
Silver dollars
489,068,000 00 Silver certificates
union among the men, and as the leaders are opposed to
3,518,000 00
Silver dollars of 1890...
3,518,000 00 Treasury notes of 1890..
Total trust liabilities. 1,392,445,669 00
strikes, the general feeling is that the trouble will come to an
Total trust fund
1,392,445,669 00
Gen. Fund Liabilities—
General Fund Holdings—
end before very long.
But the spirit among the younger
National
bank
24,991,899 54
5% fund
47,964,561 84
Gold coin and bullion
63,059,500 00 Outstanding checks and
(Sold certificates
men generally is so obstinate that it is impossible to foresee
drafts
15,212,077 23
Silver certificates
5,691,589 00
from hour to hour what may happen.
Notwithstanding all
Silver dollars
633,229 00 Disbursing officers’ bal¬
ances
84,281,002 81
3,586,040 37
Sliver bullion....
this
trouble,
the
feeling
on
Stock
is decidedly
the
Exchange
United States notes
5,496,564 00 Post Office Department
account
5,341,274 38
Treasury notes of 1890.
7,442 00
hopeful.
1,713,097 08
National bank notes
18,805,902 32 Miscellaneous Items
Fractional sliver coin
In Paris there is not much doing, partly because it has
16,995,517 15
Fractional currency
62 83 Total gen’l liabilities... 131,539,351 04
not yet got over the alarm caused by the recent strike and
Minor coin..
652,188 12
Bonds and 1 merest paid.
15,585 61
partly because the reoganization of M. Briand’s Cabinet
Tot. in Sub-Treas’les. 162,908,182 24
has been going on for the greater part of the week.
There
In Nat. Bank Depositaries
Credit Treasurer of U. S.
35,659,998 50
is, however, a hopeful feeling in Paris likewise; and, indeed,
Credit U. S. dls. officers.
12,238,288 89
Paris is buying largely in London.
.
Total In banks
47,898,287 39
In Germany there has been rather a setback.
A
few
weeks
In Treas. of Philippine Islands
Cash balance and reserve—
Credit Treasurer of U.S.
2,530,941 51
ago the President of the Imperial Bank issued a warning
235,688,932 10
Credit U. S. dls. officers.
3,890,872 00 Total cash and reserve.
Made up of—
that speculation was being carried too far and ought to be
Total in Philippines..
6,421,813 51 Available.. 85,688,932 10
and
checked, and he appealed to the other banks to help him.
Reserve Fund—
Reserve Fund Holdings—
The
other banks have done so, and during the past ten days
00
Gold coin and bullion...
Gold&bull.l50,000,000
150,000,000 00
or so the weaker operators have been squeezed out.
The
Grand total..
..1,759,673,952 14
Grand total
.1,759,673,952 14
feeling among the public is entirely opposed to that of the
TREASURY CURRENCY HOLDINGS.—The following
banks.
The public argues that trade is good, that next
compilation, based on official Government statements, shows
year it will be better; that industrial securities of all kinds
the currency holdings of the Treasury on the first of August,
will rise, and that, in fact, the banks are forcing them to sell
September, October and November 1910.
at a loss at a most unfavorable time.
However this may be,
TREASURY NET HOLDINGS.
there has been a good deal of forced selling, which, no doubt,
Aug. l'lO. SepM’10.
Oct. 1 '10. Nov. 1*10.
Holdings in Sub-Treasuries—
$
$
$
$
the Bourses much stronger than they were before.
leaves
Net gold coin and bullion
228,421,383 229,628,447 244.362,011 261,024,062
Net silver coin and bullion
19,296,005 19,602,603
14,622,399
9,910,858
Here at home operators are directing their attention very
Net United States Treasury notes
11,046
10,719
8,775
7,442
Net legal-tender notes.
8,789,039
6,320,278
5,325,879
5,496,564
consols and Indian securities. Consols have re¬
Net national bank notes
36.666,030 35,598,345 29,810,242
18,805,902 largely to
Net fractional silver
covered far the greater part of their loss, and it looks just
20,377,827 20,366,532 18,820,064 16,995,517
Minor coin, Ac
1,173,228
936,737
895,014
667,837
now as if the buying would carry them considerably higher
Total cash in Sub-Treasuries..314,734,558 312,463,661(1313,844,384 312,908,182
Less gold reserve fund
yet. Indian securities are also in favor, because India just
150,000,000 150,000,000 150,000,000 150,000,000
now is very prosperous and is likely to continue so until, at
Cash balance In Sub-Treasuries.. 164,734,558 162,463,661 163,844,384 162,908,182
Cash In national banks
48,047,442 47,898,287
48,390,919 48,765,121
all events, the result of next year’s monsoon is seen.
While
Cash in Philippine Islands
6,228,662
6,110,364
5,128,254
6,421,814
there is recovery in the highest classes of securities, British
Net Cash in banks, Sub-Treas.219,354,139 217,339,146 217,020,080 217,228,283
Deduct current llabllitles.o
126,997,915 127,815,938 126,036,064 131,539,351
railway stocks are not very active, because of the strikes;
and gold shares are quite depressed.
Available cash balance
92,356,224 89,523,208 90,984,016 85,688,932
Why they should be so
to
are being sold both
nobody
seems
understand.
But
they
a Chiefly “disbursing officers’ balances.”
d Includes $3,586,040 37 silver bullion,
$667,836 56 minor coin, Ac., not Included in statement “Stock of Money."
in Paris and in London, and the great houses do not come to
STOCK OF MONEY IN THE COUNTRY.—The follow¬ the support of the market.
ing table shows the general stock of money in the country,
Meantime, money is very dear and scarce. The Bank o
as well as the holdings by the Treasury, and the amount in
England has obtained during the week nearly two million
circulation on the dates given.
sterling in gold; but the outflow of both coin and notes to
-Stock of Money Nov. 1 ’10
Money in Circulation
In United
Held in
Nov. 1
Nov. 1
the interior is so large that the addition to the reserve is not
States.
Treasury.d
1910.
1909.
$
$
$
$
Over and above this, it is said that the Bank of
Gold coin and bullion
*1,692,759,176 197,964,562
594,934.945
598,773,175 great.
Gold certificates a.
63,059,500
836,800,169
795,205,489 England is borrowing in the open market for the purpose of
Standard sliver dollars
564,759,508
633,229
75,058,279
74,383,857
Sliver certificates a
5,691,589
483,376,411
481,794,889
obtaining complete control, and making the 5% rate effectSubsidiary silver.
142,324,038
6156,146,796 16,995,517
139,151,279
Meantime, there is about a million sterling in gold on
3,518,000
7,442
3,510,558
4,021,535 tive.
Treasury notes of 1890
346,681,016
5,496,564
341,184,452
United States notes
342,179,962
the
way from Brazil.
Paris has taken sterling bills to the
National bank notes
724,874,308 18,805,902 * 706,068,406
685,996,112
1
extent of nearly a million sterling, and everything seems to
3,180,084,499
Total
...3,488,738,804 308,654,305
3,124,679.057
Aggregate debt bearing no Interest.
.$386,221,506 19
$387,121,939 93
*
.
-
...
-
-
1806
THE
CHRONICLE
point to the receipts of gold from othe* Quarters.
Lastly,
the Egyptian demand for
gold has completely ceased. In¬
deed, Egypt has supplied itself With much more than it re-
as
1909.
Nov. 3.
£
£
Circulation
Publlo deposits
Other deposits
Oovemm't securities
(Rber securities
1908.
Nov. 4.
£
1907.
Nov. 6.
1906.
Nov. 7.
£
£"
Week ending Nov. 11.
Sal.
Silver, per oz
d. 25X
Consols, new, 2 X per cents.. 79 A
Mon.
26
79 A
For account
79 %
79 X
French Rentes (In Parte), fr. 97.37
X 97.25
73 X
72X
The rates for money have been
Nov. 4.
5
Bank of England rate
Open; Market
Oct. 28.
4X
4X
—Smooths..—
—1 months
—6 months
WTradebills—3 months
>" —4 months
Interest allowed for deposits—
4X@5
3X@3 3-16
4 H @4 9-16
3 9-16
3 9-16
3 9-16
4%
3X@4
5@5A
5
By joint-stock banks
Bfc discount houses:
(
ATcali......
4X@4 9-16
4@4X
3X
.
Oct. 14.
4
4X
,
4X@S
5
3X@4
4H@5
3A
3A
3X
3X
4
3X
„
—.
Paris
Berlin
—
.
.
Hamburg
Frankfort
Amsterdam
Brussels
Vienna
_
.
....
_
.
-
.
Nov. 5.
Bank
Open
Rate. Market.
3
TA
5
4%
5
4%
5
4fi
4
4
5
5
4%
;
nom. 1 4
5
Open
Rate. Market.
4X
4X
:
Copenhagen
Oct. 29.
Bank
3
5
5
5
4
5
5
5
2X
4%
4%
5
5
5
4
5
4
5
4X
4
4H
4 13-16
nom.
4X
5
Oct. 22.
Bank
Open
Rate. Market.
3
3:
4X
5
5
Messrs. Pixley & Abell write
Nov. 3:
as
4
^
%
4X
4
3 15-16
Oct. 15.
Bank
Open
Rate. Market.
3
2X
5
4X
5
4X
5
4
4
4
3X
4X
4
4
5
nom.
4X
4
5
4X
3X
4
nom.
4X
4
4
5
follows under date of
total.£1,097,000. Shipments—Bombay, £110,500;
Calcutta, £67,500; total. £178.000.
a SILVER.—The market has
been quiet during the past
week, with holidays in
Bombay on three days, and quotations, after
falling, to 25 Il-16d. for spot, are at
the close the same as last week at
25Xd.
for spot and 26 1-LGd. for forward.
In
China business has been dull and
exchanges are a little lower. Though no
orders have come .from
buying
there
has
been
Shanghai,
no pressure to sell,
and,
the
moderate offerings, this market closes with a
owing to
quiet but steady tone. Tie stock
Shanghai Is stiff Increasing and Is now about £400,000
below that at the
corresponding date last year. India has been a small
buyer and seems able to ab¬
sorb the dally offerings, which are
moderate.
The Bombay quotation seems to
be
maintained by further purchases by the Indian
of
group
speculators.
We hear of a
shipment of £100,000 from San Francisco to China.
The Bombay quotation is Rs
6533 per 100 tolahs. Arrivals—New York,
£200,000: Mexico, £5,000: West
£03)00: total, £211,000.
Shipments—Bombay, £381,500; Calcutta. £5,000:Indies,
Port
Said, £1,000; total, £387,500.
of sycee in
The quotations for bullion
are
as follows:
Nov. 3. Oct. 27. |
SILVER.
Nov. 3.
London Standard.
s. d.
s.
d. j
London Standard. - d.
Bar gold, fine, oa
77 9
77 9
Bar
|
silver,
fine,
oz
25
7-8
TJ.S. gold com, oz
76 4
4X
A 76 4X1 " 2 mo. delivery
26 1-16
German gold coin, oz._ 70 4
76 4
| Cake sliver, oz
27 15-16
French gold coin, oz__ 76
5H 76 5 AI Mexican dollars
nom.
Japanese yen
76 4
76 4
|
reported
GOLD.
Oct. 27.
d.
25 7-8
26 1-16
27 15-16
.
nom.
The following shows the
the United Kingdom
with
previous
seasons:
imports of cereal produce into
during the season to date, compared
imports.
1910-11.
1909-10.
Bight weeks—
Wheat
cwt.16,203,800
4,327,500
2,032,700
Barley
Oftts
Ffaa
Beans
Indian
FlOur
475,695
194,100
corn
.
Supplies available
September 1):
,
1910-11.
owt. 16,203,800
Total
Average price of wheat, week
Average price, season
The
1907-08.
16,595,000
5,137,300
1,231,700
250,590
311,760
6,397,400
1,746,500
.
410,960
257,560
8,748,000
2,292,400
qre.
qra.
qro
1909-10.
1908-09.
on
1907-08
17,887,300
1,970,400
4,048,902
13,927,500
1,740,500
6,129,543
16.595.000
2,292,400
7.374,342
22,637,622
23,906,602
21.803,643
26.261,742
30e. 4d.
30s. 6d.
following shows
qalto.
838.940
6.042,000
1,970,400
1908-09.
13,927,500
0,128,900
2,047,200
1,686,200
4,747,522
31s. 8d.
33s. 2d.
the quantities of
maize afloat to the United
Maize
17,887,300
5,348,200
3,337,200
247.940
for consumption (exclusive of stock
....
Wheat imported
Imports of flour
Sales of home-grown.
7.886,400
1.686.200
*
Kingdom:
This week.
Last week.
2.530,000
195.000
1,140,000
2,360.000
203,000
1,125,000
30s. lid.
31s. 3 Xd.
35s. 9d
32s. 9d
wheat, flour
1909.
1.405,000
200,000
655,000
and
1908.
1,785,000
255,000
615,000
-111X
HlX
93
9.83201—The
86 X
-
25X
_129X
3454
25X
130
34 X
76 X
-
77
30 X
.
Erie
.
31X
51X
51
39 X
.
-
Louisville A Nashville
-151X
Missouri Kansas A Texas..
36
Preferred
67 X
.
.
..
.
-
.
Second pi
Y. Centra
Y. Ontarl
-
.119
45
.102
92
-12254
07 X
79X
83
45
49 X
123 X
27 X
64
182 X
95 X
84
-121X
12IX
-122X
2654
-
63 X
.180
-
-
Corporation
.
Preferred
.
Preferred.
-
.
Price per share.
3 £
102
90
123
68
79X
45
49 X
95X
19
39 X
68
51X
39 X
139
152
36
68
74
37 X
119X
44 X
68
-
.
.
76 X
30 X
68
74
37
123
-
129 X
35
151X
36X
45
102
92
.
103
112 X
93
204
87 X
25
39 X
139
119X
.
Norfolk A \
Preferred.
CJ. S. Steel
74
37 X
45
49 X
122 X
45X
66 X
18 X
18X
40X
39 X
68
68
93
203
24 X
126 X
34
76
30
24
126 X
33
74 X
29 X
49 X
38
138
149
34
66 X
73 X
38 X
118
44
ioo x
92
119
66 X
77 X
84X
50
38 X
139
149 X
35
67
74
37
44 X
92
121
67 X
77X
45
49
122 X
28 X
45X
49
120 X
28 X
66
181X
110X
93
202 X
84 X
117X
49 X
28
■
102
92
79X
104
110X
119X
45X
67 X
79 X
8X
106 X
107
103
103
123
95 X
83 X
121
8X
108 X
51X
39 X
139
151
36
68
74
37
.139
8X
108
104 X
112
93
203 X
86 X
24 X
130
34 X
77 X
30 X
93
204 X
87
-
Preferred.
8X
109
103
-204K
Chesapeake & Ohio.
Chicago Great West*
Chic. Milwaukee A S
121
28
65 X
66
179 X
95
80 X
120 X
181X
95X
83 X
121
18X
179X
95
80X
120 X
17 X
37
67
17X
40
68 X
37 X
67 X
sterling.
ffiommerctal and l^iscellaneonsf^ms
*
-
**
-1
^^
-y*■■“
*“
nr“
~v^i'VVirv-ii-v-»~M~¥Tr^r^xru-MxnrMTyu\rijwviJOXA>i.niriri.r-injTji>j
Canadian Bank Clearings.—The
clearings for the week end¬
ing Nov. 5 at Canadian cities, in comparison with the same
week of 1909, show a decrease in the
aggregate of 4.4%, this
result being due to the
holiday in the week this year.
Week ending November 5.
Clearings at—
1910.
Canada—
Montreal
Toronto
Winnipeg
Vancouver
Quebec
Halifax
Hamilton
2,005,330
1,319,502
1,159,533
Regina
Brandon
National
.
122,095,399
—0.4
+ 25.6
—26.0
+ 12.7
+ 14.6
—16.9
—18.5
+ 29.7
1,457,972
1,176,657
1607.
1,121,706
27,106,504
16,902,985
4,536,684
3,803,354
2,779,469
2.316.404
2,112,117
1,820,524
1.480,572
1.428,310
1.181,329
914,669
104.843.628
103,447,065
1,493,294
1,413,006
1,340,208
—9.5
—1.4
37,004,084
in total
In total
127,747,274
Banks.—The
32,081.537
31,850,752
20,066,173
4,192,850
3,054,833
2,675,790
2,171,565
1,717,130
1,665,784
+ 23.1
1,546,777
Not Included
507,967 Not Included
Lethbridge
—13.8
—2.1
—4.0
3,146,268
1,580,636
2,077,653
2,191,475
2,712,803
1,666,760
1,360,239
2,470,152
Edmonton
Total Canada
41,611,529
33,599,297
26,727,163
6,892,045
3,107,927
1,384,413
1,109,614
St. John
London
Victoria
1908.
%
1,536,508
Calgary
Inc. or
Dec.
1909.
35,869,388
32,880,719
25,667,476
8,486,453
3,133,807
1,984,577
Ottawa
GqLp.—There was over £ 1,000,009 bar gold in the open market for disposal this
week, and after satisfying India and the
trade, the Bank of England was able to
cure upwards of £750.000.
£700,000 has arrived in sovereigns from Brazil, andse¬
it
Id. reported that £1,000.000 more Is on
the way from the same quarter.
Further
shipments are talked at as probable. France has
sent £125,000 In sovereigns and
£11,000 In Napoleons, while the Bank has also received
£6,000 from Australia.
With the exoeptlon of £20.000 for
Egypt, there have been no withdrawals since our
l&St circular, the Indian cxohange
rather weaker. Next week £870,000 Is
being
to arrive, of which £562,000 is from
due
South Africa and £108,000 from
India. Ar¬
rivals—Sooth Africa, £962,000: Australia,
£60,000: West Africa, £38,000: West
indies;£28,000; Brazil, £9.000:
Wed.
Thurs.
Fri.
23 13-16 25 13-16 25X
79 11-16 79 7-16 79 5-16 79H
79 13-16 79 11-16 79 A
79
97.32 X 97.27 X 97.30
97.17X
73 X
72X
71X
70X
8X
.103
.
a
2X
3X
2X
*7tolfdays3H
3X
3X
2X
The bank rates of discount and
open market rates at the
chiil Continental cities have been as follows:
Bates of
Interest at—
8X
-108X
Preferred..
Baltimore A Ohio.
Preferred
4X@4X
4X@4X
4
'
ON. 21.
5
5
rate—
bfflfr—SOdays
\
follows:
as
Tnes.
25H
-
.
Second
28,607,150 29,187,825 28,986,230 29,480,430 28.502.580
6,569,821
6.049,850
6,353,287
6,795,429
8,838,036
38,412,477 40,775.853 42.363,938 43,439,533 40.875,844
14,330,568 16.386,788 18,730,533
14.332,136 15.966.166
26.272,120 27.079.461 26,359,898
32,554.854
Reserve,notes&coln 22.098.310 21.460,902 25,330,260 36.099.742
17,694.795
Otfn&bulL.both dep 32.255.460 32,198,727 35,866,490 28,725,255 19.076,395
29,188,975
Prop, reserve to lia¬
bilities
p.c49 H
47 7-16
52
38 5-16
3SX
Bank rate—-_p. c.
5
5
2X
7
6
Cobsois, 2HP. o...
82 13-16
79H
84
82X
86 1-16
8Uyer
25 13-16623 3-16d.
22 is-red.
32 13-16d.
28d.
Clear.-house returns 319.482.000 341,470.000
275.93Z.000 244.372.000 230,311,000
r...
English Financial Markets—Per Cable.
daily closing quotations for securities, &c., at London,
reported by cable, have been as follows the past week:
London.
or
fore, India will not need to take gold from London. It will
Supply itself but of the Egyptian surplus.
The India Council offered for tender on
Wednesday 70
lacs of Its bills, and the
applications amounted to nearly
824% lacS, at prices hanging from Is. 4 l-32d. to Is. 4 3-32d.
per rupee.
Applicants for Dills at Is. 4 l-16d. were allotted
1910.
NOV. 2.
LXXXXI.
The
?uires,
and four
now thefiveEgyptian
are prepared to supply
hdta with
millions banks
sterling. Apparently, there¬
about 16% of the amounts applied for, and above in full.
While applicants for
telegraphic transfers at Is. 4 3-32d.
per rupee were allotted about 16%.
The following returns show the
position of the Bank of
England, the Bank rate of discount, the price of consols,
&c., compared with the last four years:
[VOLv
1.4,
following information regarding
Comptroller of the
national banks is from the office of the
Currency, Treasury Department:
CHARTERS ISSUED TO NATIONAL BANKS OCT. 27
TO OCT. 31.
First National Bank of Wilmore,
WUmore, Kentucky. Capital,
$25,000.
H. L. McLean, President; Jas. R.
Dorman, Vice-Presi¬
dent; C. D. Powell, Cashier.
First National Bank of Kingston,
Kingston, Oklahoma. Capi¬
tal, $35,000.
Jas. R. McKinney, President; G. P.
Wheeler, VicePresident; W. F. Zlnnecker, Cashier.
(Conversion of the Marshall
County State Bank of Kingston.)
Western Metropolis National Bank of San
Francisco, San
Francisco, Cal.
Capital, $1,500,000. Alfred L. Meyersteln,
Presi¬
dent; J. H. Spring, Vice-President; Wm. C. Murdoch
Jr., Cashier;
George Long, Assistant Cashier.
(Conversion of the Metropolis
Trust & Savings Bank of San Francisco.)
First National Bank of Hamilton,
Hamlltoh, Illinois. Capi¬
tal $50,000.
H. M. Elder, President; C. P.
Vice-Presi¬
dent; R. R. Wallace, Cashier; H. M. Cuerden,Dadant,
Assistant Cashier.
(Conversion of the State Bank of
Hamilton.)
*
LIQUIDATION.
3,553—The Brookline National Bank. Brookline,
placed In voluntary liquidation Oct. 31 1910. Massachsuetts, was
5,688—The Western National Bank of San
Francisco, San Francisco, Cali¬
fornia, was placed In voluntary liquidation Oct. 31 1910.
7,829—The National Bank of Mena, Mena, Arkansas, was
placed in volun
tary liquidation Nov. 1 1910.
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
N. Y. A Harlem RR. Co.. 310
Albany A Susq. RR. Co.. 286
Central Trust Co
1030 X
Cobalt Silver Queen, Ltd.,
$1 each „•
$5 lot
3 Converse A Co., com.$5 50 per sh.
25 Waterbury Co.ofW.Va.$10persh.
25 Consolidated Nat. Bank.. 101
10 Mt. Kisco Nat. Bank
250
22 Producers Oil Co
143 X
60,000 Royal Tlnto Min. A Smelt.
82
33
10
100
Stocks.
20 Bank of the Manhattan Co. 330
X
15 National Park
Bank.350X-351X
10,000 Round Mtn. Sphinx Mining
Co., $1 each
8c. per share
1
Membership
Consolidated
Stock Exchange of N. Y__$114
Exchange Bank
314X
100 Gray Nat. Telautograph
Co
$7 per share
9,000 Mineral Hill Consolidated
Mines Co., $1 each
$6 lot
11 Corn
Co., $1 each..
$3,525
6 Bank of America
600
Bonds.
‘23 National City Bank
383 X $4,000 Lock Haven Paper Co. 1st
35 Home Trust Co
106
56,1920
12
8 Union Ferry Co
27
$1,500 Arion Society of City of
80 Lawrence Port. Cement Co. 60X
N. Y. 2d 3s, 1917, A. A O....50 A int.
NOV. 12
THE CHRONICLE
1910.]
DIVIDENDS.
1307
Statement of New York City
following shows all the dividends announced for the
future by large or important corporations:
Dividends announced this week are printed in italics.
The
Clearing-House Banks.—The’
detailed statement below shows the condition of the New
York Clearing-House banks for the week
ending Nov. 5v
The figures for the separate banks are the
averages of the
daily results. In the case of the totals, the actual figures
at the end of the week are also
Per
Cera.
Name of Company.
(Steam).
Albany A Susquehanna, guaranteed
Atch. Topeka A S. Pe, com.(qu.)(No.22)
When
Books Closed.
Payable.
Days Inclusive.
are
made up, see
Railroads
Catawissa. preferred stocks
Chestnut Hill (quar.).
Cleveland A Pittsburgh. reg.(guar.) (qu.)
Special guaranteed (quar.)..
Cripple Creek Central, pf. (qu.) (No. 20).
Delaware A Bound Brook, guar. (guar.)..
Erie A Pittsburgh (quar.)
Great Northern Iron Ore Properties
Greene RR. guaranteed
Inter oceanic, 1st preferred
Second preferred
Norfolk A Western, common (quar.)
__
Preferred (quar.)
North Pennsylvania (quar.)
1
1
2
IK
50c.
3
b2K
64
1K
1
2
IK
Phila. Germantown A Norristown (quar.).
PUtsb. Bessemer A L.E., pref. guar
Pittsb. Youngst. A Ashta., com.Apf. (qu.)
Rome Watertown A Ogd.. guar., (quar.)
Southern Pacific Co. (quar.) (No. 17)
Union Pacific, common (quod.)
Vandalia (quar.).
White Pass A Yukon.
3
3
IK
IK
IK
2K
IK
61
1
Georgia Ry. A Electric,
2
(quar.)...
Miscellaneous.
Adams Express (quar.)
Amalgamated Copper (quar.)
American Caramel, common (quar.)
American Chicle (monthly)
Extra*
American Cotton Oil, common
(quar.).I
(quar.)~(No.3)
Chicago Telephone (quar.)
Crex Carpet
Diamond Match (quar.)
Eastman Kodak, com.
Common (extra)
Common (extra)
II
IK
K
2K
IK
IK
1
4
1
1
1
1
2K
3
1
$3
2
IK
IK
IK
IK
1
IK
IK
2K
7K
IK
K
3
3K
25c.
K
Nov.
Nov.
2
Dec.
Dec.
Dec.
Dec.
Jan.
Dec.
Jan.
Jan.
Nov.
Dec.
Dec.
Jan.
3
10
Preferred (quar.)
IIIIIIIIIIII
Fay (J. A.) A Egan, pref. (quar.) 1111111
General Asphalt, pref. (quar.) (No. 14)._
General Chemical, common
(auar.)
General Electric (quar.)
Homestake Mining (mthly.j (ATo!
"
441)
Internet. Harvester, pref. (qu.) (No. 15).
International Nickel, common (quar )
Common (extra)
Internal. Smelt. A Refg.
~(quar~)~ (No~. 6)”
Internat. Smokeless Pow. A
Chem., pref.
Kansas City Breweries, pref.
(quar.)
Lehigh Coal A Nav. (quar.) (No. 128)
Massachusetts Gas Cos., preferred
Michigan State Telephone, com. (quar )
Preferred (quar.)
Milwaukee & Ch'cago Breweries, Ltd
Mobile Electric Co., pref.
(quar.)
Montreal Lt„, H. A Pow.
(qu.) (No. 38)
National Biscuit, com.
2K
IK
IK
IK
IK
2
50c.
IK
1
K
__
Nov.
Dec.
Dec.
Dec.
2
4
Dec.
Nov.
Nov.
2
Nov.
2
Dec.
IK Dec.
IK Feb.
IKb Nov.
IK Nov.
IK Nov.
IK Jan.
IK Nov.
15
IK Nov.
IK Dec.
IK
(quar.) (No. 49)
Preferred (quar.) (No. 51)
National Carbon, common
(special) 11
National Carbon, pref. (quar.)
National Lead, pref. (quar.) (No
76)
National Surety (stock dividend)
II /33 1-3
Niles-Bement-Pond, common (quar.)
IK
Preferred (quar.).
IK
North American Co. (quar.)
IIIIII
IK
Omaha Water, 1st preferred
5
IIIII "
Second preferred
3
Peoples Gas Light A Coke (quar.) Ill 11
IK
Philadelphia Electric (quar.).
IK
Pittsburgh Bracing, com. (quar.)
IK
Preferred (quar.)
IK
Pratt A Whitney, pref.
IK
(quar.)
Pressed Steel Car, pref. (qu.) (No!
IK
47)..
Procter A Gamble, common (quar.)
3
Pullman Company (quar.) (No. 175)
2
Quaker Oats, com. (quar.)
2
Common (extra)
Ill "
K
Preferred (quar.)
HI
IK
Preferred (quar.)
IK
Railway Steel-Spring, pref. (quar.) I.
IK
Sears, Roebuck A Co., com. (quar.)
IK
Silversmiths Company (quar.)
I
IK
Southern California Edison, com.
IK
(quar.).
United Bank Note Corp., common
l
(quar.)
United Cigar Mfrs., pref. (quar.)..
IK
United Dry Goods Cos., pref.
(quar')
IK
United 8tates Express (No. 154)...!.HI
3
U. S. 8teel Corp., com. (quar.) (No.
28)
IK
Preferred (quar.) (No. 38)
1H
U. 8. Telephone, pref. (quar.).
IK
Vlrginla-Carollna Chem., com. (quar.)..
IK
Warwick Iron A Steel
4
:
.
Dec.
Nov.
Dec.
Nov.
Nov.
Dec.
Dec.
Nov.
Jan.
Dec.
Nov.
Dec.
Dec.
Nov.
Dec.
Jan.
Dec.
Dec.
Dec.
Nov.
Nov.
Nov.
Nov.
Dec.
IK
IK
IK
2K
(quar.)Ill
Nov.
Dec.
Nov.
Nov.
Dec.
Jan.
Dec.
Nov.
Dec.
Nov.
Dec.
Dec.
IK
Hill
16
to
Jan.
of rec. Nov. 4a
of rec. Nov. 11
of rec. Nov. Ida
of rec. Nov.10a
of rec. Nov.19a
of
Nov .30a
rec.
to
20
of
19
19
19
18
25
30
5
Dec.
rec.
to
to
1
Dec.14a
Nov. 18
Nov. 18
Nov .30a
of rec.
of rec. Oct31a
to
Nov. 16
of rec. Nov. 5
Banks.
00j omitted.
of rec. Nov. 15
of rec. Nov. 19a
to
Dec.
1
of war' t No. 17
of rec. Dec. la
of rec. Nov.15a
3
3
25
14
15
1
19
12
1
16
1
15
1
15
15
■
1
16
16
23
ers
to
to
to
to
of
1
Nov.
Dec.
rec.
to
of rec.
ers of rec.
Holders of rec.
ers of rec.
8
to
ers
15
1
Nov. 19
Nov. 12
Nov.16a
Jan
15
Nov.21a
Oct.31a
Nov.12a
Nov. 1
Dec. 15
Dec.
Nov.
Jan.
Dec.
Dec.
Nov.
Dec.
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Jan.
Jan.
Nov.
Feb.
Dec.
Nov.
Nov.
Nov.
Nov.
Dec.
Dec.
Nov.
Dec.
Nov.
Nov.
Nov.
Nov.
1
15
to
Nov. 30
11
to
Nov. 30
Nov.14
Nov. 14
Dec.
1
Dec.
1
Nov. la
28
1
19
19
1
1
15
3
31
15
1
1
15
1
3
1
1
1
30
30
15
21
1
1
15
Id
31
15
15
15
of rec
Holders of rec
11
to
11
to
ers
23
9
to
to
to
to
Holders of
Holders of
Holders of
11
-
rec.
rec.
to
to
f rec.
r rec.
to
to
r rec.
t rec.
f rec.
t rec.
[ rec.
1
29
2
1
2
2
21
1
1
14
25
1
1
1
1
15
15
30
1
1
1
15
15
15
14
30
rec
t
Nov. 20
Dec.
1
Nov.15a
Oct.3la
Nov. 10
2
Jan.
Nov. 16a
Nov.30a
Nov.22a
Nov. 30
Oct.31a
Nov. 30
Nov. 21
ers of rec. Nov.16a
Holders of rec.Nov. 19a
Holders of rec. Dec. 3a
Nov. 20
to
Nov. 25
Holders of rec. Nov.10a
Nov. 12
Dec.
1
to
1
Nov. 12
to
Dec.
to
Nov. 22
Dec.
1
Holders of rec. Nov. 6a
Nov. 1
to
Nov. 15
Holders of rec. Oct. 31
Nov. 13
to
Nov. 30
Nov. 16
to
Dec.
1
Jan. 15
to
Feb.
1
Nov. 6
Nov.
to
15
Holders of rec. Oct. 31
Holders of rec. Oct. 31
Holders of rec. Dec.28a.
Holders of rec. Nov. 16a
Holders of rec. Oct. 28
15 Nov. 6
to
Nov. 15
15 Nov. 19
to
Nov. 22
20
15
2
1
1
25
15
21
21
15
23
15
15
16
16
30
2S
20
15
15
15
15
1
1
15
30
29
15
15
15
9
rec.
Jan.
1
Nov. 15
Nov. 30
Nov. 30
Oct 31
Nov.15a
Dec. la
Nov.30a
Nov. 15
p. 15
r. 23
Dec.
1
Nov. 11
Holders
Holders
Holders
Holders
Holders
Nov. 12
Nov. 12
Nov. 11
Nov. 3
Holders
Holders
Holders
Holders
Holders
Holders
Dec.
8
Nov. 1
2
Nov
Holders
Holders
Nov. 1
Dec.
2
Nov. 1
Holders
Nov. 6
Nov. 1
to
Dec. 20
Nov. 15
of rec. Dec.15a
of rec. Nov. 15
of rec. Nov. 15
of rec. Nov. 3a
of rec. Nov. 19a
Nov. 20
to
Nov. 20
to
Nov. 15
to
Nov.22
to
of rec. Oct.312a
of rec Oct. 31a
of rec. Jan. 3a
of rec. Jan. 3a
of rec. Nov. la
of rec. Feb. la
Dec. 20
to
Oct. 31a
Nov.10
Nov. 15
to
Nov. 15
to
of rec. Nov.25a
of rec. Nov.23a
Nov. 15
to
Dec. 14
to
Nov. 14
to
of rec. Oct. 31
to
Nov. 15
to
Nov. 15
to
to
Surplus.
cases.
Specie.
2,050,0
4,184,5
1,789,6
3,000,0
6,494,7
682,0
600,0
1,000,0
2,533,2
158,0
832,9
4,439,8
300,0
500, D
5,000,0
25,000,0
Exehange.
Commerce
Mercantile
Pacific
Chatham
16,497,4
2,726,2
913,1
1,059,7
200,0
470,8
3,000,0 11,910,1
2,550,0
1,746,7
500,0
638,2
1,000,0
1,720,7
2,000,0
1,478,9
3,000,0
5,254,1
1,500,0
7,545,9
6,000,0 12,524,1
250,0
108,5
6,000,0
5,624,9
1,000,0
2,080,9
10,000,0 20,589,9
2,000,0
1,655,0
250,0
815,9
500,0
1,657,4
750,0
689,6
5,000,0
7,706,8
100.0
2,109,4
200,0
895,2
200,0
1,016,6
1,000,0
1,642,6
1,000,0
1,197,7
250,0
499,9
1,000,0
2,078.2
200,0
1,019,2
1,000,0
1,960,2
1,000,0
2,771,2
1,000,0
757,1
1,000,0
782,2
1,000,0
320,4
1,000,0
392,1
1,000,0
952,4
People’s
Hanover
Citizen’s Cent..
Metropolitan
Com Exehange.
Imp. A Trader’s
__
Park
East River
•_
Irving Exch
Bowery
.
.
Chase
Fifth Avenue.
German Exch..
Germania
Lincoln
Garfield
Fifth
_
Metropolis
West Side
Seaboard
Liberty
N. Y. Prod. Ex.
State
14th Street
Coal A Iron
Union Exch
3,490,0
7,737,0
3,879.0
10,974,4
3,873,4
1,480,0
34.3534
4,577$
628,8
1.866,3
2.410.8 26 &
8,272,0 25.1
30,894,6 20
111,828,1 20
206,0
6,113,8
2,683,7
6,444,8
920,8
473,6
1,183,5
134.0
7,371,6
227,4
1,178.8
721,4
TO
276.1
1,070,7
2,117,3
421,3
60.995.6 10,000,6
21.401.7
5,023,3
7,109,1
827,0
8,853,6
12,894,2
41,853,0
26,080,0
76,185,0
1,602,1
25,946,0
12,660,0
96,847,8
22,742,9
3,535,0
7,641,0
4,029,3
71,605,5
13,103,2
4,005,7
4,653,2
14,774,3
8,269,1
3,416.4
11,322,1
4,349,0
20,205,0
16,466.2
8,247,3
15,317,0
6,875,7
6,784,0
8,581,0
TO
m'
6,917,0 26.Y
167,8
606.0
97,4
1,300.6
14,062,3
3,634,5
8,460,0
•
1,923,0
1,868,7
137,607,#
3,000,0
500,0
450,0
Deposits.
ReAverage. s‘ve.
$
■
$
,%
902,0
17.032,1 25.8
1,687,0
35,300X) 26.1
1,228.0
19.823,0
1,108,0
48,160,8
1,836.3
21,988,8 26XF
255,0
6,899,0 2577
6.326.0 161,178,8 24,0-
3
19,498,0
31,000,0
19.642.0
61,052,9
22.669.X
7,817,0
176,655,5
28.629,0
7,404,6
8,666,2.
2,806,8
7, 10,1
32,902,3
7,988,0
Legals.
Average.. Average.
$
3,520,3
1,500,0
6,874,2
1,000,0
724,9
25,000,0 31,519.7
Chemical
Merchants’ Ex.
Gallatin
Butch. A Drov.
Greenwich
N. Y. County.
836.
Loans.
$
2.000,0
2,000,0
6,000,0
City
Fourth
Second
First
•
p.
(00) in all
Average.
6
Am.
1
1
15
Capital.
Bank of N. Y__
Manhattan Co.
Merchants’
Mech. A Metals.
America
Phenix
German-Amer
K
.
Consolidated Gas of N. Y. (quar.)
IK
$3
Preferred
American DIst. Teleg. of N. Y.
(No. 61).
American Express (quar.)
American Radiator, common (quar.)
Preferred (quar.)
i
Amer. Smelters Securities, pref. A (No. 23)
Preferred B (quar.) (No. 22)
American Steel Foundries
(quar.)
American Stogie, pref. (quar.)...
Amer. Sugar Rtfg., com. A pref.
(quar.).
American Teleg. A Cable, guar.
(quar.).
American Tobacco, common (quar.)
Common, extra
Assoc!a ed Merchants, com.
Common (extra)
Bond A Mortgage Guarantee (quar") III
British Columbia Packers’
Assn., pref
Butte Coalition Mining (quar.)
Butterlck Company (quar.)
I
I III
Cambria Steel (quar.)
;
I
Canada Cement, pref.
3 1
1
19 •]
5
1
1 :
i:
2
10
i:
Jan.
Dec.
Nov.
Dec.
Dec.
Dec.
Dec.
Nov.
Dec.
Dec.
Dec.
Nov.
Nov.
Dec.
Nov.
Nov.
Nov.
Dec.
Dec.
Dec.
Nov.
Jan.
Jan.
Nov.
Jan.
Nassau
Market* Fulton
Street and Electric Railways.
Connecticut Ry. A Ltg., com. A pf. (qu.)
Federal Light A Tract., pref. (quar.)
Havana Electric Ry.. com. A pref. (qu.).
Metropol. West SideElev., Chic., pf. (qu.)
New Orleans Railway A Light, pref
Northern Texas Elec. Co., com.(qu.)(No.5)
Pacific Gas A Elec., pref. (qu.) (No. 19)..
Portland Ry.,L.<fcPow..corn.(qu.) (No. 6)
Tampa Electric Co. (No. 22).
West Penn Traction, com. (No. 1)_._
i
IK
2K
IK
IK
Pennsylvania (quar.)
com.
“Chronicle,” V. 85,
We omit two ciphers
4K
given.
For definitions and rules under which the various items
1,392,0
3,265,8
6,613,0
4,014,0
19,113,0
277,9
4,242,0
2,976,0
19,511,0
4,792,5
842,0
1,230,6
763,7
14,342,7
2,661,1
667,8
885,9
2,919,2
1,990,8
610,1
1,358,8
947,0
4,515,0
3,263,8
2,204,3
4,372,0
10,268,0 207
3,007,8 24.9
8,913,4 269
2.238,2 24.8
67,137,0 25.9
20,477,6 25.8
7,988,2 25.1
8,565,0 24.2
13,631,4 259
48,016,0 24 .*2
22,124,0 25.2
78,414,0 25.8
1,484,3 28.1
24,269,0 26.1
12,186,0 25.6
83,184,7 259
232,9
6,027,0
1,567,0
1,168,0
139,7
2,100,0
146,0
1,788,9
1,384,9
52,0
615,2
226,4
23,932,5
3,682,0
381,1
1,400.2
237,0
1,532,0
23,290,0
25.8
906,3
238,6
312,0
554,3
732,0
1,090,0
16,447,6
9,885,1
18,720,0
6,581,6
5,772,0
8,365,0
25.3
247
269
4,919.0
1,099,0
463,3
610,3
838.3
361,3
1,214,8
748,0
1,016,7
Transfer beoks not closed,
b Less Income tax.
25.0
259
25.3
25.7
25,0
26.0
249
279
25.2
24.8
249
26.8
259
25.1
Totals, Average 133,350,0 194,250,3 1226,876,4 235,393,1 66,499,3 1187,976,2 25.4
Actual figures
Nov. 5
1220,799,8 234,915,6 66,209,5 1181,587,6 25.5
'
On the basis of averages, circulation amounted to $48,107,800 and United
States
deposits (Included In deposits) to $1,639,100; actual figures Nov. 5, circulation,
$48,214,200; United States deposits, $1,638,000.
The State
Banking Department also
furnishes weekly
companies under its
now
returns of the State banks and trust
These returns cover all the institutions of this class
State, but the figures are compiled so as to
distinguish between the results for New York City (Greater
New York) and those for the rest of the
State, as per the
following:
charge.
in '.the whole
For definitions and rules under which the various items
made up, see “Chronicle,” V. 86, p. 316.
are
STATE BANKS AND TRUST COMPANIES.
Week ended Nov. 5.
State Banks
Trust Cos.
State Banks
Trust Cos.
in
in
outside of
outside of
Greater N. Y. Greater N. Y. Greater N. Y. Greater N. Y.
$
Capital
as
of Aug. 31
Surplus as of Aug. 31
Loans and Investments..
Change from last week.
%
$
25,175,000
65,656,000
38,315.700
9,075,000
172,728.334
10,891.660
9,817,991
295,894,800 1,041,913,300
—12,400
+ 1,267.400
95,533,200
—76,100
141.761,490
+2,461,700
100,303,800
—37,700
149,265,960
+4,172,100
X
Specie
Change from last week.
47.363.700
+255,300
115,392,400
—1,045,600
Legal-tenders A bk. notes
Change from last week.
24.481.700
—512,800
13,099,400
—332,800
Deposits
Change from last week.
Reserve
on deposits
Change from last week.
$
8,998,000
339,203,200 1,073,220,800
—90,600
—3,441,900
92,921.700
—156,000
135,204.800
—311,900
20,097,700
+ 206,200
22,549,100
+2.664.100
28.0%
28.0%
15.6%
15.7%
20.7%
16.8%
20.6%
14.4%
P. c. reserve to deposits._
Percentage last week
.
.
+ Increase
over
last week.
—
Decrease from last week.
Note.—“Surplus” Includes all undivided profits.
“Reserve on deposits" In*
eludes, for both trust companies and State banks, not only cash Items, but amounts
due from reserve agents.
Trust companies In New York State are required b
law to keep a reserve proportionate to their deposits, the ratio varying
aooordl
to location as shown below.
The percentage of reserve required is computed o
the aggregate of deposits, exclusive of moneys held in trust and not
payable wltU
thirty days, and also exclusive of time deposits not payable within 30 days, repre
sen ted by certificates, and also exclusive of depostls secured
by bonds of the State
of New York.
The State banks are likewise required to keep a reserve
varying
according to location, the reserve being computed on the whole amount of deposits
exclusive of time deposits not payable within 30 days, represented by
certificates
(according to the amendment of 1010). and exclusive of deposits secured by bonds
of the State of New York.
'
—Trust Cos.—
—State Banks
Reserve Required for Trust Companies
Total
Of
Total
Of
and State Banks.
Reserve
which Reserve
which
Location—
Required in Cash.Required. fnCacft.
Manhattan Borough
15 70
15 70
25%
Brooklyn Borough (without branches In Manhat.).15%
10%
30%
Other Boroughs (without branches In Manhattan).15%
10%
16%.
Brooklyn Borough, with branches in Manhattan. 16%
15%
Other Boroughs with branches In
Manhattan....15%
15%
16%
.
a
Iff
7,517,3
3,820,6
76.046,9
14,613,7
4,107,6
6,358,5
15.503,4
8,515,3
3,633,2
11,106,4
4,825,0
/Payable In stock.
Elsewhere in State
....
«.
10%
5%
15%
1308
THE CHRONICLE
The Banking Department also undertakes to present
■separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House.
These figures are shown in the table below, as are
•also the results (both actual and average) for the ClearingHouse banks.
In
addition, we have combined each corre¬
sponding item in the two statements, thus affording an
aggregate for the whole of the banks and trust companies in
the Greater New York.
NEW YORK CITY
BANKS AND TRUST COMPANIES.
Clear.-House
Banks.
Week ended Nov. 5.
!
ActualFigures
133,350,000
Surplus as of Aug. 31..
194,250,300
$
74,631,000
207,981,000
j 194,250,300
180,661,300
374,911,600
1,134,687,800 2,361,563.200
1,226,875,400
—5,831,200
$
j 133,350,000
Loans and Investments 1,220,799,800
Change from last week
j in C.-H. Aver.
$
j
Total of all
Banks& Tr ust
Cos. Average.
j
Average.
$
Capital as of Aug. 31..
Clear .-House State Banks &
Banks.
Trust Cos. not
|
+832,400
+
2,147,200
234,915,600
—4,365,300
..
Change from last week
Legal-tenders
Change from last week
66,209,500
—2,182,300
Aggr’te money holdings
Change from last week
,
66,499,300
j
—744,200
301,125,100
—6,547,600 j
—6,741,900
Money on deposit with
other bks. & trust
357,466,700
—7,078,000
&21.731.100
—350,900
88,230,400
—1,095,100
cl43,804,700
—1,431,200
445,697,100
—8,173,100
i
301,125,100
—6,547,600
Change from last week
Specie.
Boston.
$
$
Legals.
$
Oct. 15..
Oct. 22..
Oct. 29..
Nov. 5..
40,200,0
40.200.0
40,200,0
40,200,0
207.413.0
206,874,0
205,663,0
Oct. 15..
Oct. 22..
Oct. 29..
Nov. 5..
55.465.0
55,465,0
55,465,0
55,465,0
257,856,0
254,305.0
253,155,0
253.646.0
207,466,0
22,688,0
23,937,0
24.485.0
24,581,0
Deposits.
$
4,815,0
5,416,0
5,256,0
5,194,0
71,51J2,0
71,553,0
69.550,0
68,857,0
301,892,400
j —6,741,900
requiring reserve
Percentage last week.
25.52%
25.83%
24,725,800
+ 1,170,500
+
168,530,500
—260,700
470,422,900
—7,002,600
25.44%
25.90%
$
258,236,0
255.582.0
245.891.0
251,589,0
5,728,200
Circu¬
lation.
Clearings.
$
$
8,029,0
8,001,0
7,988,0
7,972,0
165,194,1
194,487.6
165.654.9
201.362,4
308,493,0 16,356,0
139,370,6
160.592,5
141,157,4
155,102,7
305,620,0 15,902,0
301,249,0 15,957,0
301.304.0 16,045,0
Imports and Exports for the Week.—The following are
Nov. 5; also
beginning of the first week in January.
the imports at New York for the week
ending
totals since the
For week.
1910.
Dry goods
General merchandise...
Total
Since January
i.
Dry goods
General merchandise
1909.
1908.
$3,291,965
$2,766,9521
16,492,399
16,633,845
$19,784,364
24,725,800
1,170,500
17.2%
17.3%
$2,633,051
11,090,016
$19,400,797j $13,890,633
$13,723,067
Total 44 weeks..
..
$776,643,844 $736,627,108 $533,677,975 $733,786,051
1
The
following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 5 and from
Jay. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1910.
—
1907.
$2,417,744
11,472,889
$133,3*6.004 $142,181,540 $104,317,648 $158,357,993
643,257,840 594,445,568 429,360,327 575,428,058
1909.
1908.
1907.
-
For the week
reserve
•
a Including Government
deposits and the Item “due to other banks.” At Boston
Government deposits amounted to $3,036,000 on November
5, against $3,042,000
on October 29.
Percentage to deposits
Surplus
Loans.
„
cos.
reserve.
301,892,400
and
Surplus.
+ 2,979,600
122,073,600
—1,080,300
r
Change from last week
Total
235,393,100
j —5,997,700
Capital
Banks.
...
Specie
LXXXXI
We omit two ciphers (00) In aU these figures.
Deposits
1,181,587,600 1,187,976,200 ol,083,539,500 2,271,515,700
Change from last week —10,929,500 j —4,706,500
—2,125,300
+ 2,581,200
!
[VOL.
4,898,350
$21,065,008
560,426,417
Previously reported
+ Increase over last week.
—Decrease from last week.
These are the deposits after eliminating the item “Due from reserve depositories
and other bank and trust companies In New York City”: with this item included,
deposits amounted to $1,188,552,800, a decrease of $2,310,900 from last week.
In the case of the Clearing-House banks, the deposits are “net” both for the average
and the actual figures.
& Includes bank notes,
c Of this amount State banks
held $15,312,900 and trust companies $128,491,800.
Total 44 weeks.
$13,433,208
508,926,197
$10,845,683
526,109,636
$10,638,976
532,923,071
$581,491,425 $522,359,405 $536,955,319 $543,562,047
a
The averages of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing-House compare
as follows for a series of weeks past:
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
Tot.
Investments.
Deposits.
$
$
2.382.131.5
2.365.975.6
2.358.583.6
2,361,563,2
2.306.865.9
2.287.487.9
2.273,641,0
2.271.515.7
Money Entire Res.
Holdings, on Deposit.
Legals.
$
Sept. 3.. 2.348.900.4 2.326.474.5
Sept. 10.. 2.355.593.2 2,320,771,3
Sept. 17__ 2.367.842.8 2.328.750.6
Sept. 24.. 2.375.411.8 2,329,379,2
Oct.
1.. 2.388.453.3 2,330,077,9
Oct.
8.. 2.387.881.5 2.316.630.7
Oct. 15..
Oct. 22..
Oct. 29..
Nov.
5..
Specie.
S
412.681.1
401.048,5
397,232,0
392.538.2
382.271.2
374.198.8
371.151.9
367,935,1
364.544.7
357.466.7
$
502.336.1
489.173.2
485,829,9
481.449.6
471,497,4
462.147.6
459.516.1
456.416.1
453.870.2
445,697,1
89,655,0
88.124.7
88,597,9
88.911.4
89.226.2
87.948.8
88.364.2
88,481,0
89.325.5
88,230,4
$
528.336.2
516.456.2
513,289,9
508.147.8
497.810.3
489.103.9
484.935.4
480,663.0
477.425.5
470.422.9
is
the statement of condition of the clearing non-member
banks for the week ending November 5, based on average
daily results:
Legal
Disc’ts
Capi¬
Sur¬
tal.
plus.
Century
—
Colonial
Columbia
...
Fidelity
_.
...
Jefferson
Mt. Morris.
Mutual....
Plaza
23d Ward..
Yorkville
NewNethTd
Batt.Pk.Nat
Aetna Nat.
..
Borough of
Brooklyn.
Broadway
.
Mfrs’ Nat..
Mechanics’
Nassau Nat.
Nat City...
North Side.
First Nat..
.
$
100,0
250,0
400,0
300,0
200,0
500,0
250,0
200,0
100,0
200,0
100,0
200,0
200,0
300,0
and
Invest¬
ments.
$
270,6
160,2
362,5
751,7
175,5
521,3
313,8
371,3
453,8
106,5
451,8
265,5
156,8
317,7
$
1.319,0
1,351,1
5,530,3
6,374,0
1,124,0
3,143,3
2,571,6
3,604,2
4,425,0
1,870,8
4,119,2
2,364,0
1,520,7
2,106,1
OF
SPECIE
NEW
Exports.
Qoid.
Week.
YORK.
Imports.
SinceJan. 1.
Week.
$32,150,000
West Indies.
Mexico
South America
All other countries
.
AT
$3,400
$11,580
$13,469,786
3,503,275
4,455
314
3,296,217
3,344
44,109
68,982
501,473
245,638
1,990,703
1,352,671
_
9,493,766
41,900
Total 1910.
Total 1909
Total 1908
SinceJan. 1.
$3,400 $44,986,338
40,125 79,004,817
125 47,698,050
$128,015 $21,063,810
124,319
7,631,646
191,442 15,282,739
$631,293 $33,265,294
56,900
2,086,000
558,008
777
70,519
Silver.
Great Britain
France
Germany
_
West Indies..
Mexico
South America
Total 1910.
Total 1909Total 1908.
47,825
6,505
$74,898
15,528
24,059
$13,344
1,635
13,125
71,839
1,498,285
1,151,627
1,310,694
$688,970 $36,034,141
440,600 37,881,988
768,365 36,449,336
$114,485
119,424
146,136
$4,060,549
4,355,023
3,365,841
Specie.
Tender
and
Bank
Notes.
Clear¬
ing
Other
Net
Banks, Deposits.
Agent.
Ac.
$
136,0
25,1
773,6
636,0
87,8
275,5
470,0
34,5
318,0
160,4
55,6
270,0
162,6
486,1
,$
$
$
the exports during the same time, $3,400 were American
gold coin and
were American silver coin.
gatrMtig and ffiuattciaL
S
47,0
165,8
537,0
596,0
91,1
278,6
30,5
608,7
421,0
52,9
731,7
93,0
42,6
35,1
153,0
86,2
760,4
751,0
124,2
291,2
343,9
426,5
591,0
259,1
210,9
255,0
59,7
89,5
513,3 3,423,5
831,9 5,612,0
815,9 11,476,4
1,010,4 6,773,0
601,8 3,835,0
139,0 2,258,4
611,0 3,360,0
32,1
457,1
431,7
222,8
285,2 1,241,5
529,0
268,0
96,0
565,0
131,4
98,6
328,0
74,0
299,0
723,0
1,416,1
1,183,0
674,0
173,9
387,0
199,1 3,821,7
120,0 5,966,6
236,6 14,514,9
6,806,0
166,0 4,974,0
110,7 2,529,4
38,0 3,034,0
400,0
250,0
200,0
1,251,8
751,9
394,5
5,226,4
3,114,3
2,096,5
277,5
141,7
53,3
334,4
51,0
106,6
1,355,5
323,4
414,6
144,0
170,7
15,2
5,786,1
2,668,8
2,178,4
BANKING and EXCHANGE of every description In connection with
220,0
125,0
623,3
245,9
3,323,0
2,795,2
120,7
104,6
23,8
108,8
247,2
51,3
95,6
188,2
3,093,9
2,962,0
International Banking Corporation
200,0
252,0
1,000,0
750,0
300,0
200.0
300,0
Jersey City.
First Nat..
Hud.Co.Nat
Third Nat.
Roboken.
First Nat..
Second Nat.
IMPORTS
Of the above imports for the week in 1910, $
’were
American gold coin and $
American silver coin. Of
Deposit with
N. Y. City
Boroughs of
Man. A Brx.
Wash. Hgts
AND
We omit two ciphers (00) in all these figures.
Loans,
Banks.
EXPORTS
Germany
1
Loans and
1909 and 1908:
Great Britain
France
We omit tioo ciphers in all these figures.
Week
Ended.
The following table show's the exports and
imports of
specie at the port of New York for the week ending Nov. 5
and since Jan. 1 1910, and for the corresponding periods in
Tot. Nov. 5 7,497,0 12,469,2 94,717,0 6,422,4 7,282,6
Tot. Oct. 29 7,497,0 12,469,2 93,937,1 6,553,7 7,469.3
Tot. Oct. 22 7,497,0 12,469,2 94,506,4 6,600,2 7,444,7
16,0
230,6
333,4
73,0
390,6
96,7
260,6
25,0
24,1
1,297,0
1,304,7
7,273,4
7,299,0
1,194,3
3,704,3
3,275,1
4,164,6
5,198,0
2,046,7
5,242,7
2,576,0
1,246,1
2,085,1
11,649,6 2,934,1 106242,8
12,484,2 2,906,3 106908,5
12,992,5 2,991,6 107999,8
Railroad and Industrial Stocks
Let us send you our circular
road and Industrial Stocks.
describing 110 ISSUES of listed
Rail¬
Spencer Trask & Co.
EXCHANGE PLACE.
Chicago, III..
Boston. Mass..
43
Members New
WHITE,
York Stock
NEW
YORK.
Albany, N. Y.
Exchange
WELD &
CO.
Members New York Stock Exchange.
5 NASSAU STREET.
THE ROOKERY,
CHICAGO
NEW YORK
EXPORTS &
60 Wall St., New York.
BRANCHES and
IMPORTS
CAPITAL & SURPLUS, $6,500,000
AGENCIES throughout the WORLD.
THE INTERNATIONAL BANK
Boston and
the
and
Philadelphia Banks.—Below is a summary of
weekly totals of the Clearing-House banks of Boston
Philadelphia.
Organized under the laws of N. Y. State.
60 Wall St.. New Y rk
Accounts invited.
Interest paid on Term Deposits.
'
’
THOMAS H. HUBBARD. President.
,
N*T. 12
THE CHRONICLE
1910.].
The following are the rates for domestic
undermentioned cities at the close of the
Sfotituers' (Saxclt*.
TTott Street,
1309
exchange at the
week: Chicago,
San Francisco, 50c;
5c. per
Friday Night, Nov. 11 1910.
$1,000 discount. Boston, par.
$1,000 premium. St. Louis, 10c. per $1,000 discount.
Charleston, buying, par; selling, l-10c. per $1,000 premium
St. Paul, 50c. per $1,000 premium.
Savannah, buying,
3-16c. per $1,000 discount; selling, par.
Montreal, 3134c.
@15%c. per $1,000 discount.
per
The Money Market and Financial Situation.—The over¬
whelming Democratic majorities that were shown in practic¬
ally all the States where elections were held on Tuesday
have been followed by a sharp decline in security values.
State and Railroad Bonds.—Sales of State bonds at the
This decline is evidently not due to surprise or disappoint¬ Board are limited to
$2,000 N. Y. Canal 4s. at 104%.
The market for railway and industrial bonds has been
ment at the outcome of the elections, but to the fact that
sales were made in considerable volume, as is frequently the somewhat more active, although, like the market for shares,
and in sympathy therewith, it has been depressed.
In
case on what is regarded as “good news.”
It now seems most
cases, however, prices are only fractionally lower.
perfectly apparent that stocks had been freely bought in
Among the conspicuous exceptions are Distilling Securities
October, and perhaps before, in anticipation of an expression Corp. 5s, which have advanced 134 points on a demand
American
of public opinion at the polls on the 8th inst. similar in which brought out a limited amount of bonds.
Tobacco 6s and Chesapeake & Ohio conv. 434s have been
character to that which was shown and that a large per¬
relatively strong.
centage of the selling since that date was by the same
On the other hand, Wabash Pittsburgh Term, lsts have
interests.
lost 134 points and Southern Pacific conv. 4s are 1% lower
And it seems, furthermore, in view of the rise of from Qn a net loss of 2 points in its shares.
15 to 20 points which had recently been recorded that the
United States Bonds.—No sales of Government bonds
decline this week is a very moderate one.
That this decline have been
reported at the Board this week. The following
would have been vastly greater had the result of the elections
are the daily closing quotations; for yearly range see third
been reversed is the opinion held by a large contingent in
page following.
the financial district
The strike of local express drivers, which has had a more
Interest
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
or less disturbing influence for two weeks or more, is reported
Periods
5
7
8
10
11
9
to be nearing a settlement, and this is given as one of the
1930
registered Q—Jan noox noox
noox noox noox
reasons for steadier markets to-day.
The latter was influ¬ 2s,
2s, 1930...
coupon Q—Jan noox noox
noox noox noox
enced also by the Bank of England’s more favorable report. 3s, 1908-18
registered Q—Feb *101 x *101 x
noix noix noix
coupon Q—Feb noix noix Holi¬ noix noix noix
The recent advance in the Bank rate has evidently accom¬ 3s, 1908-18
*115
*115
*115
4s, 1925
..registered Q—Feb *115
day. *115
plished its purpose, though there has nevertheless been 4s, 1925.
coupon Q—Feb msx *115X
ni5X *115X *115X
1936-Panama Canal regls Q—Feb noox noox
noox noox noox
a stiffening of open market discounts this week.
The local 2s,
2s, 1938.Panama Canal regls Q—Nov noox noox
noox noox noox
market is slightly easier, although the demand for funds
.
1
at Western financial centers continues.
*
The open market rates for call loans at the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2% to 4%%.
To-day’s rates on call were 334@4%.
Commercial paper quoted at 5 %@6% for 60 to 90-day en¬
dorsements, 5%@6% for prime 4 to 6 months’ single names
and 6%@6%% for good single names.
The Bank of England weekly statement on Thursday
showed an increase in bullion of £443,405 and the percentage
of reserve to liabilities was 51.91, against 49.11 last week.
The rate of discount remains unchanged at 5%, as fixed
Oct. 20.
The Bank of France shows an increase of 400,000
francs gold and a decrease of 8,050,000 francs silver.
NEW
YORK CITY CLEARING-HOUSE BANKS.
This is the price bid at the morning board; no sale was made.
Railroad
and
Miscellaneous
Stocks.—Stocks
declined
noted above, immediately following the election.
movement was led, as might be expected, by the stocks
sharply,
This
which
as
were
foremost
in the
advance
which
has been in
progress since the early autumn, viz., Union Pacific, Reading
and United States Steel.
These stocks dropped from 534
to 6 points on Wednesday and Thursday and. were closely
followed by St. Paul, Missouri Pacific, Louisville & Nashville,
Southern Pacific and Smelting & Refining.
The volume of
business increased day by dRy, until on Thursday it was
larger than at
a
any
time since July 26th, when heavy sales of
few issues carried the total up to 1,300,000 shares.
To-day’s market has been much
1910.
;
Averages for j
week ending \
Nov. 5.
Differences
from
' previous week.
1909.
1908.
Averages for
week ending
Averages for
Nov. 6.
week ending
Nov. 7.
%
Capital *
Surplus
133,350, 000
194,250, 300
Loans and discounts... 1,226.875, 400
Circulation
48,107, 800
Net deposits
1,187,976, 200
U. S. dep. (lncl. above)
.1,639, 100
235,393, 100
Specie
66,499, 300
Legal tenders
Reserve held
25% of deposits
126,350,000
127.350,000
163,720,100
177,371,800
1,246,974,400 1,323.142,100
53,278,800
52,634,100
1,241,460,500 1,396.920,900
9,249,600
1,627,000
301,116,900
246,877,300
78,393,300
68,530,400
Inc.
Inc.
Dec.
Inc.
Dec.
Dec.
832,400
3,300
4,706,500
16,000
5,997,700
744,200
301,892,400 Dec.
296,994,050 Dec.
6,741,900
1,176,625
315,407,700
310,365,125
379,510,200
349,230,225
4,898,350 Dec.
5,565,275
5,042,575
30.279.975
more nearly normal, both
to the amount of transactions and the movement of prices.
New York Central was exceptional in a decline of 2 points
as
from last night’s closing price, while Chesapeake & Ohio
advanced nearly as much.
The active list, as a whole, closes an average of from
2 points above the lowest price? reached on Thursday.
For daily volume of business see page 1317.
The following sales have occurred this week of shares not
represented in our detailed list on the pages which follow:
Sales
STOCKS.
Week ending Nov. 11.
for
Week.
Surplus reserve
Am Brake Shoe A Fdy.
Preferred
Evansville & Terre H’te.
Homestake Mining
Illinois Cent leased lines.
North Ohio TracjA Lt—
-
Surplus, excl. U. S. dep
5,308,125Dec.
5.561.275
5,449.325
32,592,375
Note.—The Clearing House now Issues a statement weekly showing the actual
condition of the banks on Saturday morning as well as the above averages.
These
figures, together with the returns of separate banks, also the summary Issued by the
State Banking Department, giving the condition of State banks and trust com¬
panies not reporting to the Clearing House, appear on the second page preceding.
1 to
Range for Week.
Lowest.
Highest.
300 90 X Nov 9
100 131X Nov 11
466 55
Nov 7
21 85
Nov 5
15 96
100 39
Nov
,
.
Lowest.
Highest,
91X Nov 7 83 X Oct 91X Nov
131X Nov 11 119
July 131X Nov
60
Nov 7 55
Sept 61X Oct
7
Nov 11
Outside Market.—Business
Range since Jan. 1.
on
85
96
39
Nov
5
7
Nov 11
Nov
81
96
35
Jan 89
Nov 96
Feb 39
Feb
Nov
Oct
the “curb” most of this
Foreign Exchange.—The downward tendency in foreign week reflected the depression on the Stock Exchange, prices
exchange has continued until to-night demand sterling is generally showing a declining tendency. Towards the close,
quoted at 4 85^ and cable transfers are only 4 86 bid.
however, the market turned firmer, though the volume of
To-day’s (Friday’s) nominal rates for sterling exchange business was of small proportions. British Columbia Cop¬
were 4 82% for sixty day and 4 86 for sight.
To-day’s
Butte Coalition reacted
actual rates for sterling exchange were 4 8130@4 8140 for per moved down from 6 % to 6 54.
from 21 to 20% and sold to-day at 2034 ex-dividend. Chino,
sixty days, 4 8540@4 8550 for cheques and 4 86@4 8605 for after an early advance from 21% to 22%, dropped to 20%,
cables.
Commercial on banks 4 80%@4 80% and docu¬
recovering finally to 21%. First National from 2% reached
ments for payment 4 81 % @4 81%.
Cotton for payment 3 and fell to 2%. Giroux lost about half a point to 734 but
4 80%@4 81 and grain for payment 4 8134@4 8134moved up subsequently to 734*
Greene-Cananea advanced
To-day’s (Friday’s) actual rates for Paris bankers’ francs from 7% to 7 15-16, fell to 7% and closed to-day at 7%.
were 5 23%@5 2234 less 1-16 for long and 5 20%@5 20 less
Inspiration Copper went down from 934 to 9, sold up to
1-16 for short.
Germany bankers’ marks were 9434@ 9 3-16, the final figure to-day being 9%. Miami dropped
94 5-16 for long and 94 13-16 less 1-32@94 13-16 for short.
from 2034 to 1934 and moved up to 2034Ray Central ad¬
Amsterdam bankers’ guilders were 40 17@40 19 for short.
vanced from 1% to 234*
Ray Consolidated sank from 21%
Exchange at Paris on London, 25f. 28%c.; week’s range, to 19% and sold
Kerr Lake fluctuated between
up to 20.
25f. 29%c. high and 25f. 26%c. low.
6 11-16 and 6%, closing to-day at 6%.
La Rose Consoli¬
Exchange at Berlin on London 20m. 49%pf.; week’s range, dated
improved
from
4%
to
4
15-16,
fell
to*
4 11-16 and ends
20m. 50pf. high and 20m. 48%pf. low.
the week at 4%.
Nipissing
eased
off
from
11% to 10%.
The range of foreign exchange for the week follows:
In the miscellaneous list AmericanTobacfio advanced from
Cables.
Sterling, Actual—
Sixty Days.
Cheques.
437 to 444 and sank to 431.
Intercontinental Rubber, after
4 8640
4 85X
High for the week
4 82X
Lew for the week..
4 81X
4 8540
4 8595
a fractional improvement to 29%, dropped to 28.
Standard
Paris Bankers' Francs—
Oil lost 2 points to 618, advanced to 622% and fell back
5 19 X less 1-16
5 22 X less 1-16 5 20 less 1-32
High for the week
Low for the week...
...5 23X less 1-32 5 20X
5 20 less 1-16
again to 620. United Cigar Mfrs. common, after a gain of a
Germany Bankers' Marks—
point to 62%, sold down to 61 and recovered finally to 62.
95
High for the week..
94X
94X
Low for the week
94 H
Western Pacific 5% bonds were traded in from 93 % down to
94 H
94X
Amsterdam Bankers' Guilders—
93%.
-.W-r-- - v:-.
'
:
40.28
40.23
High for the week
40
40.21
Low for the week.
.39.94
40.16
Outside quotations will be found on page 1317.
v 4;
>
.
.
New York Stock Exchange—Stock Record,
OCCUPYING
STOCKS—HIGHEST AND
Saturday
Monday
Nov. 6
Nov. 7
*25
35” *25
•65
70
104*8 104*4
•90
91
77*4
198
*62
*276
.
285
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84*8
*30
42
*2334
65*2
24*4
*48
49
1255s 1265s
149
149*4
|149 149
•201
*140
*160
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*6
210
150
170
3*2
8
66
66
91
198
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(*275
197
*62
84*2
149
210
3*2
110
59*4
76M
75*2
170
600
33
30
24*4
80*4
39
*24
30
48
38
49*4
38
1
36*4
77*2
32*4
327g
*66
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*41
66
67
20
46
67
94*2
217S
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1*125"
136
135
21*2
66*2
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3334
6678
137*2 138*2
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35
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145
156
161
435s
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100
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*103
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108
110
110
130*4 130*2
$98
98
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154*4 155*8
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42
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|
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28
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113
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100
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30
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47*s
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73
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I
132
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148
90
34
65
*88*2
31%
64%
4812
52*2
140
*135
71% *71
36
36*2
113
116
67
67*2
09
119*4
97
89
119%, 114
108
*100
*90
110
*101
110
100
117*8
108
110
110
*102
*90
1*101
129*4 130*2
*96
113
.
*65
*15
*37
*63
65*2
1734
45
67
20
46
68
145*2 145*4
141
*28
*48
133
*144
134%
150
90
141
30*4
54
134%
*88*2
32%
33%
64*4
*64
60
145
49%
*136
71*2 *70
97
1607a 154*2
*87% 89
*95
•7*2
102*2 J’br
137% Jan
100*4 Sep
87*4 Sep
68% Feb
176*. Feb
60% J’ly
248 J’ly
65
Aug
23% J’ly
64% Jne
19
JTv
40 JTy
113% J’ne30
143
Sep
137*4 JTy
119% Jan
94
24
*59
41*2
41%
30
27
69*2
61
40
*27
*65
64
42
27
70
*65
116% 119%
98
89
97%
$90
117*4
114%
108
110
115
*100
*90
*101
129*4
*95%
32*s
63
61
*61%
*59
41*2
40*2
30
70
24
63
116*2
26*4
63%
26%
12*2
28
*57
*27
67
17
86
30
69
18
38
47*4
47*4
*46
73
28
18*21
28*4
65*2
277s
1334
13
7*s
*6%
277s
60?8
149*4
*88
96
31
114% 117%
26*2 27%
62% 64
26% 26*2
11% 13
*7
8*4
25% 26*4
59% 69%
27*4
63%
26%
8
27
277g
*7
26*2
69*4
*68*2 61
110% 110*2 *109
112
*108
173% 177% 172 174% 173%
♦91% 93
92*4 92*4 *91%
_
30
69
*27
*57
18*8
38*8
17*4
48
73
73
*6
*16
*8
60
6*4
16*2
8*2
62
28*4
69
16%
34%
73
7
16
8
12
60
17*4
88*4
35%
45*2
48
73
**%
16*2
68%
Manhattan Elevated
~
...
100
600
71%
*63
89
97
297s
62%
6534
2.700 Louisville A Nashville
1.800
800]
Inneapolls & St Louis
Do pref
..........
6.155 Minn St P A S S Marie...
Do pret
200
Do leased line ctfs..
8~600 Mo Kansas A Texas
Do pref
300
16.600 Missouri Pacific....
1.
37
148% 161*2
33%
32%
63%
66*2
66
60%
...
u7% Jan
202% Nov
70
812
92
55% Jan
677s Fen
.
....
Nash
A St1st
Louis,
Chatt
at Rys
of Mex
pref
147
41% JTy 26
16
J ne^o
25
J’ly 26
68
Aug 2
23
JTy 20
68 Aug 2
15
00
w
...
x5t>% Sep 20
27
JTy 26
67
JTy .6
J'lV 26
41
00
JTy -6
Feb
*73
*6
•14
*7
60
6%
16*2
8
69
Jan
3
3
80
145
155*{
92%
61%
74%
73%
140
3
Jan
Jan
Jan
May
Nov
Jan
Jan
76*2
73%
167%
«{au
56
Jan
14%
Nov
7
Jan
18%
83*4
Jan
Deo
Men
Jan
68*4
May
86
84% Jan
200
May
680
Apr
&P£
5*
90
Feb
71% Aug
21 Jan
36% Jaa
39
J ne
56*4 Aug
Aug
46
157% Aug
88% Aug
Feb
Feb
21
103
loo
Dec
Dec
Dec
APf
~94% J’ne
1 is.
Mch
36%
26%
Mch
Nov
SeP
Feb
Feb
25% D^
Feb
£121
Jan
137
61
M
Dec
Jan
Sep
Mch
Jan
132%
Apr
147
J
‘f
Feb
89
351,
71
65
162%
AUK
63%
Dec
36
62
82
Apr
2 Feb
Feb
122*2 Jan
44% Apr
Dec
2i
120*2 Feb
431, Mch
100
Feb
Apr
Sep
«)% Aug
Feb
Feb
Jan
72% Nov 3
87% NoviO
Aug
Aug
J iy
105
Vct
48
59
3
3
AP£
78*2 Mch
37% Dec
64% Deo
165*8 Sc?
lsl
Aug
103% Aug
33%
6778
19%
6
6
Dec
74%
39
t48
743.
87
3
.
68
iOO
61
137
Feb 14
Men 3
Mch 2
91%
$180
Dec
Dec
‘88
Feb 18
44% Jan 3
71 Jan 4
25*4 Jan 6
62*4 Jan 3
70% Apr 14
15934 Jan t>
146
Oct 6
;>3% Jan 4
?an
28% Mch
136% Feb
66% Mch
13% Nov
6
54% Jan
189% Dct
70% Nov
323% Sep
Feb
22% Moh
36% Men
80
J’neau
Oct 1
J Ty 1
131*- J’iy 26
123 ' J’neao
J’ly 26
23
Seo 2I
40
114
JTy *b
144
J he 6
125
30
9;l
Apr
82% J’ne
28
25% Jan 11
G27, Jan 12
JTy
122*4
Mch $230
Apr 167
Jan
Feb
635
Feb
37% Jan
79% Jan
4
Jan
Feb
166*2
3*2
734
140 Oct 4
lol% J nel4
.
JTy 26
14*4 JTy 26
124
Dec
Dec
208
148
97% Apr U
Jan
Nov
158*2 Mch
173% Feb
*
99
70
31*2
68%
141
Get
J’ne
H3% Aug
100*4
Feb
2’ 5
06% Jan
69 Apr
367sJan
64% Jan 10
15838 Jan
172*4 Jan
182% Jan
88% Jan 20
94% Jan 26
102
May 86
Feb
Mch
i2i>-v»
Jan
Jan
Jan
60%
jan
Jan
Jan
„
39
26
Meta
1031- Feb
Dl
Nov
67
Jan
*165
Mch
Jan
82% May
76% Aug
29% Aug
64%
71%
162%
153*2
65
90
J’ne
Dec
Aug
Jan
Jan
Jan
149% Jan
164% Aug
94
Dec
60*f
78%
77%
142
64
Oct
Oct
Aug
Dec
Dec
Do 2d pref........
18.955
23i2 JTy 26
26% May
60.340 N Y Central A Hudson
106% JTy 2b 1.8
M«b 9
147% Aug
68
400 N Y Chic A St Louis
66% May 4
68%
Nov
3
69
NOV
Do 1st pref.......... $101
110
J’ly 8 109*4 Jan 21
UK)
Feb
63
Do 2d pref...........
98
8284 Apr 28
Jan 19
76% Apr
96
NOV
800 N Y N H A Hartford....
163%J
149
Apr 28 162 Mch 14 fl 64
N OV 174*4 J’ne
909
149
Subscription receipts a.. *143 J ne 10 *151 Mch 11 'il 471471 Dec 5149*4 Dec
43
4,810 N Y Ontario A Western.
50
381? Aug 2
Jaa
6
42% Feb
65% J’ne
97%
4.400 Norfolk A Western.....
88% J’ly 26 108% Mch 21
84% Jan
102
Dec
90
142
Do adjustment pref...
88
Feb 2
91% Mch 16
85% Mott
92% J »y
116
28.700 Northern Pacific........ 111% Aug 3 145% Jan 3
Feb
133%
159*2 Aug
108
IJaclflc Coast Co....... 100 Oct 13 H8S4 Jan 12
Mch
76
116% Deo
I
110
do 1st pref
Mch
100
106
Sep
115
Do 2d prei
Feb 14 118 Jan 3
105
Mch
88
115
Dec
129*4 34,300 Pennsylvania
Feb
122*2 JTy 26 138*2 M^h 9
*26%
151% Sep
97
420 Plttsb an Chic A St L..
89 JTy 26 104% Mch 22
86% Jan
9978 Deo
Do pref
100
115%
Oct 25 116
110
Mch 1
Feb
104
116% Sep
151 490.720
i30% Jiy 2j 172% Feb 18
118 Feb
173%
Sep
1
89
...
1st pref...........
300
*85
Aug 24
Mch
89
93*2 Feb 17
96
Aug
2d pref...........
200
96%
87
JTy .6 110% Jan 3
Feb
90
117% Deo
31% 39,399 Rock Island Company...
22% JTy 26
57% Jan 3
Deo
20% Feb
81
63
Do prsf.............
1.900
64
JTy 27
Feb
92%
9
Deo
Apr
67%
94%
64
100
73 Jan
58 Aug 11
6
Deo
65% Moh
74
Do 2d pref..
41%
3.500
60
Aug
2
34*2
Jan 5
Feb
36
60*4 Sep
600 St Louis Southwestern...
25%
J4** Jan
18*2 JTy 26
8
20** Feb
86% Deo
63
100
Do pref.
61% JTy .6
Jan
Deo
82
47%
7£i;Jan 3
117% 82.000]Southern Pacific Co.
103% J’ly 26
114% Feb
139«* AUg
27% 25.506 Southern v tr eft stmpd.
18
JTy 26
Feb
33% Jan 8
22
34
Aug
65% 12.580
Do pref
do
75
43
JTy 26
Jan 3
Jan
60
75%:Deo
26%
900 r|*exas A Pacific
...
22% JTy 26
Jan
36%
3
Feb
30
40% Aug
12*4
4,550 1 hlrd Avenue (N Y)
6 * J'ne l
19% Jan 7
12% Deo
42*2 1Jaa
100 Toledo Railways A Light
8*4
6*2 JTy 6
15% Jan 12
7
May
16% Jan
1.600 Toledo St L A Western..
26%
19
JTy 26
54% Jan
Feb
43
54% Oct
60
Do pref
600
....
42% JTy 28
72% Jan
Feb
Jan
«%
74%
112
100] Twin City Rapid Transit 103 JTy 26 117% Jan
Jan
97
116% Deo
174% 467,822
152*4 J’ly 26 204*4 Jan
172*2 Feb 219 Aag
93
130
Do pref
88*4 JTy 26 103*4 Jan
Mch
£94
118*2 A Of
28
200 Unit Rys Inv*t of San FT
23% J neoo
42% Jan 3
30
Feb
47
Sop
67
100
Do pref.............
47
J'ne 30
72*3 Jan
50% Feb
77
Sep
3.800
17*8
12% JTy 26
27*4 Jan
15
Feb
Deo
27% _
36
Do pref
10.200
81
Jan
28% J’ly 26
3
41
l*eb
61% J’ ne
46
1.600 West Maryland Ry ....
40
JTy 26
64%Mch 12
Do prat..........
400
67
Aug 15
74
Oct 22
6*2
Wheeling A Lake Erie..
10
3
Apr 28
Jan 3
5
J ly
127, Jaa
16
200
Do 1st pref
8
23
J’ne60
Jan 3
15*4 J’ly
257« Jan
Do 2d pref...........
100
8*2
4
J'ne 30
13% Jan 3
e%J'iy
15% Jan
61*2
1.950 Wisconsin Central
44
64
Nov 2
JTy 26
*5% Jan
637, Apr
112*4 H4%
97
89
*94
148
90
33
68
Do pref.
100
ake Erie A Wertcrn...
*
100
Do pref......
600 Long Island......
1.200
145
37%
116
67
128% 129%
98
Havana
Electric
Do pref
133*2 133*2
2034 21% 16.160 inter boro-Metro poll tan
Do pref
65% 56
28.300
20*2 20*2
2,300 Iowa Central..
Do pref.........
800
35*2 35*4
*74
76
100 17 C Ft S A M tr cfs, pref
7.760 IVansas City Southern..
31% 32%
1*112*2 113*2 *112*2 116*2 *112*4
97
♦110*2 112%
175*8 1767s 176 177%
*92
98
•91**
....
94*2
*106% 110 *106%
*8834 93
*88*4
155
155
163% 153*2 153*2
149*8 149*2 149% 149*s 148%
42
43
43% 44
42%
153*4 155*4
88*4 88*.
*65
*61
41
*27
*67
pref
Hockln« Volley
54
71*8
85*4
1137$
67*2
*106*4 110
*88% 93
119*4 120
26*2 27*«
62*4 64
28
14
*6
•26*2
'
1734
*37
64
140
130*8 13078
98*i 98*t
*95
3378
6612
*65
*61
100
*86
119
*103
♦90
*103
65
20
40
68
148
156
149
43*2
3378
66%
*88*2
33%
64%
49*2
145
156
149
44*4
Do
Do pref..
700 I Id no Is Central........
134*2
20*2 21%
53% 57%
19% 20
35
35*2
*7434 77*2
30^4 33
133% 136%
72*2
72*2
35*s 357*
35% 357s
115*2 II6I4 1155s 116*2
*67*2 69
*67*4 687s
*106*4 110 ♦106*4 110
*88*4 93
♦88*4 93
*162
*148
Chicago A Alton HR
135
133
22*s
*48.
68
*135
*71
94%
64*2 64%
144% 146% 143*2 144%
142% 143 ♦140% 142
31
29*2 30
135*8 13712
149*4 149*4
*88*2 90
34*2 34*4
53*s
*125*
37
76
40
*65
54
*64
55*2
45
I
59
66*2
*17%
20
45
*48
45
83%
*30
43
*____
65*2
22
22%
*46
49
122
123%
*88
"
22*4
20
*36
76
33
37
33*4
21%
65*2
227g
__
24
50
94
135
667s 667j|
146*4 147*8 146*4 147
144
*142*2
142*2 143
*29*2 31
*29*2 31
*48
65*2
81%
43
20
100*4
107%
.
*134*8 185*2
22*4
22*8 22*2
69
68*2 59
22
82%
300 Central of New
Jersey...
44.700 Chesapeake A Ohio
276
Highest
"
_
J’ty
#7
Mch
72*2 Mch
124% Jan
104% Jan lu
......
*134” 135*2
*75
*
*90
9412
22*s
5812
21*2
36*2
80%
*30
43
276
36
„
127*2 128*8
60*4 61
*15
16*4
135
272
Feb 26
48% Feb 28
90% J’ly 26
25
..
.
49
*37
*125
Arbor™?!
Do pref
—
8
67
14
15*2
A»n
Lowest
Highest
.
150
170
76
96
*25
*65
Range for Pretrious
year (1909)
On basis oj lOO-i^are lots
Lowest
B.. tun tic Coast Line RRl.
272
Raiwe.Since January 1.
STOCK
EXCHANGE
1.800 CWp Gt Wes, trust ctfs.I
200
„P° pref trust ctfs
120% 123%
70.600 Chicago MJlw A St Paul..
122% 126
*147
149
149
150
800
Do pref
148*2 149
147% 1477s 146*2 147% 146*2 147%
1,690 Chicago A North Western
*202
210
*200
210
60
Do pref
$208 208
203
J ne27 225 Jan
Chic St P Minn 6s Omaha 140 Apr
|*140 150 *140 150 *135 150
162*2 Feb 2b
♦160
170
*160
170 *160
170
Do pref
.........
$160 Apr
$17014 Feb 18
*2*2
Ohio Un Trac ctfs
3*2
*2*2
*2%
3*2
3%
2J** May34
stmpd
6% Jan 4
*6
8
8
Do pref ctfs stmpd
*5*2
47g Sep 28
*
12% Jan 4
*64* 67
64
64
63
1.300 Cleve Cln Chic A St L
63%
61
Nov 1
92% Mch 18
98
*98% 110
16
*98% 110
$98
Do pref
.......II 99 Sep 14 104 Jan l&
68
59
58
68*2 60
4.065 Colorado A Southern.II"
59%
46
.6
JTy
..
06% Feb 5*6
77
*76*2 77
180
Do lrt preferred.
761* 76*2 *76
70
86
JTy *7
Men 4
*74
74
74
100
75*2 *74
Do 2d preferred......
75*2
81
70 Aug 1
Jan e
168
169
166
167% *166 168
2.600 I\e!aware A Hudson... 149% J’ly
185
26
Jan 3
*49712 600 *497*2 600 *497% 600
a'O'a ware Lack & West. 490
JTy 26 020 Mch 21
33
1~460 Denver A Rio Grande..
33%
31*2 32*2
31% 32
52 Jan 3
23*4 J’ly 26
73*2 74
72% 74
1.300
Do pref
72*2 72*2
.........
84
62% J’ly 26
Jan 3
Detroit United...
45
JTy 11
66 Jan 27
*12
200 Duluth So Shore A A tlan
*12% 18%
12% 12%
13%
10
JTy
18% Jan 3
*23
25
100
Do pref.........
22*2 22*2 *21
24%
17
JTy
34% Jan
28*2 29%
29%
9.400
28*4 29*4
J
ly
19*2
26
34%
Jan
49
49
47% 48
3,825
Do 1st preL.......
47*2 48
35
J’ly .7
52% Mch
37
37
36% 37
600
Do 2d pref
36% 36*2
42
26*4 JTy 27
Mob
126
127
124
1257g 124% 125% 12.000 Great Northern pref..... 118 JTy *6 143% Jan
587s 607s
57*4 68%
Iron Ore properties!..
3.200
68*2 60
45
JTy b
80%
Jan
15
*13*2 16
3 Green Bay A W. deb ctfB
15
*13% 16%
11
Aug 10
18% Mch 22
125*2 126*8
149*2 149*2
*74
*14*2
*88*2
.U STOCKS
.....
84%
23%
*12*4
61
35
70
Shares
„
NEW YORK
.
276
*48
14
61
*25
*65
Seles Of
the
Week
Daily, Weekly and Yearly
PAGES
101*8 103
102% 103*8 56,670 Atch Topeka A Santa Fe
900
1007s 101*8 *100*2 101%
;Do pref..
2,002
117% 118
115% 117
106
6,100
1077s 106% 1071*
aitlmore A Ohio
92
90
90
310
90
$90
Do pref
78*4
75% 77%
76% 76% 17,320 Brooklyn Rapid Trans’t6.050 /
198% 1957s 197% 196% 198
Canadian
Pacific
*
II
'an a da Southern
72% *62
72*4 *62
70*2
81%
24
49
*12*4
*23*4
2978
49*8
35
70
*30
*..-i
65*2
74
127*4 128*8
Nov. 11
276
74
24*4
Nov. 10
*90
77
45
•986s 110
*985*
59*4 59*2
59*4
: *76*2
77
$76%
*74
75*2 *74
169
170*4 169*8
*497*2 600 *497*2
33
33*8 533
Nov. 9.
285
83*4
*160
*3
*6
67
Thursday
78%
198*4
72*4
*30
*_._.
24
*48
148
*201
*140
Wednesday
Friday
104%
IOH4
11712 118*2
107*2 108*4
109
77*|
LOWEST SALE PRICES.
*25
*66
102
101
104*4
101*4
116*2
91
78*8
198*4
72*4
Nor. 8
35
70
*65
104*8
*101*8 101*2 101*4
•117*2 119
1187s
•108*4 1087* 108*2
*
Tuesday
TWO
-
...
Reading
”
•*
St L A San Fr. 1st pref..
...
Union Pacific
.
Wabash
7£*
BANivS AND TRUST COMPANIES—BROKERS' ^UOfAIlONS.
tact
Ask
..
Aetna
170
America ?_. 1600
Amer Excb
230
115
Audubon
{Battery Pk 122%
180
_
..
glewery?—
(Bronx Boro 1
iproux Nat
(Bryant Pk %
Patch A Dr
geotury
phase
ItliJ
i
{
en<4
Banks
Chatham
Chelsea Exit
Chemical
Citizens' Cti
a
_
__ _
125
37*
300
195
155
138
170
430
City
Hid
Ask
810
200
425
150
320
...
_
.
_
Fidelity $..
Ave?
Fifth
165
4000
176
4250
—
....
Coal & Iron 153
168
Coionia ?__ 40J
Columbia ?.
405
Commerce
T201
12021Corn Ex L. T314%
East River. 116
126
w
first
14th St?...
Fourth
430
164
t383%
_
205
160
145
176
45 *
Banks
Fifth
'
Hanks
Nsw York
Gallatin
Garfield
Germ-Am
Germ’n
?
Exf
Germania ?_
Gotham
Greenwich ?
Hanover...
imp * TTad
BOS
Ask
800
836
150
860
846
166
tl90% 1192
330
290
140
485
550
160
255
610
5621-
340
300
150
Basks
Irving N Ex
Jefferson?..
Liberty....
Linooln
575
265
625
Merchants'.
Metropolis J
Metropol *nf,
637%
Ask
Banks
But
Ask
210
Mutual J.
Nassau I)
New Neth’d
286
240
210
900
315
295
220
225
230
250
260
185
625
400
rr — —
425
NewYorkCo
New York.
Manhattan? 133012
Mark’t&Ful 252% 257% N'ht ADayli
.Vtech &Met’s
Mercantile
Merch Exch
505
BUt
200
_
Mt
Morris?.
245
248
150
160
180
390
202
160
19th Ward.
Northern
170
Pacific?
183
Park
410
205
People's ?
260
16*
Plaza?
Pbenix
....
4a° ^aioe were maue on tnis uay. t B^-ngaw. 4 Leae tnaa 100 snares. 1]State names, a Ex-di
♦W* at Stock Exchange oral auction this week* ,;)ft First Installment* paid. n Sold at private sale at this price.
Banks
Prod Exch
Reserve
seaboard
Seoond
?
...
....
325
105
Sherman...
State ?
12th & ard.
23d Ward..
....
BUt
Atk
160
100
400
165
106
400
136
425
276
290
140
140
““
230
Un^n Exe. 170
240
T350% 1351*2 Wash H’ts | 276
West Side ? 650
260
275
Y orkvllie ?. 500
190
200
625
*
and rights.
*
2d paid,
y
3d paid.
stock.
“
i9io.*|
•
SALE PRICES.
Wednesday
Nov. 9
Tuesday
Monday
Nov. 7
Nov. 8
d-I.r.
.IMM,1,..—■;
•
STOCKS—HIGHEST AND LOWEST
Saturday
Nov. 5
1311
New York Stock Record—Concluded—Page 2
j
;
,
■
Not. 12
Sales 0,
Thursday
Friday
Nov. 10
Nov. 11
Range Since January 1
foRK^WoCK
Week
Shares.
ROnge for Previous
Year <1909
On haxia nf I CiCUthnrp. /aj
NEW
EXCHANGE
the
.m.i.i h- .i mr
u rti.Tr.,-.
as
Highest
Lowest
liuustfLJu (uiscclld.iaotn
*250
7138
70*4
47*4
473s
*100
.
387*
88*2
*92
10
.
45
*100
38
77
97g
*31
687s
44%
927s
10*8
*240
275
*4*2
23*8
657g
67
*19
21
*12
1234
*32
*40
34
41
*105*2 107
*4*2
&U
*35
*87*2
81*4
106
*240
*100
2034
20*4
*1178
32
40
*106
36
88*2
82*2
106*8
*9*2
*29*2
35*8
*105*4
34*4
*4*2
137
17
80
*62
138
47*4
20
21*2
*5*4
*17
12*4
667g
*44*2
*83
105
*93
*75
112
*....
*16
*83
106
*240
320
47%
119
20
20
6
17*2
13*4
56%
45
♦82*9
83*2
105*2
95*2
75*2
95*2
42*4
32*8
*59
*136
94
75*2
11178
124%
112
*110
124*2
*._._
*16
*83
18
87
*30
33*8
10534
34%
*4%
135%
16*4
78%
*62
*18
48
*5
Q
£
O
M
s
a
H
*32*2
42*2
33*2
42l2
107%
92*4
21*2 21*2
•70*2 73%
•34*2 35
*96
*165
*2
•458
*35*2
*97
97
167
98
167
2*2
36
*97
105
•
♦105
377s
140
*82*4
*8
*52
•103
*106
9
60
104
107
*53
*99
19
556
56
*98
105
80*8
•118
81&S
80*4
5078
64%
126
*162
165
73*4
124
*73
*120
Banks
First
Hillside?
Manufac'rs
Mechanics'?
Moatauk
415
230
..
i
2*45
Do prel
25 American Express
600 American Hide & Leather
Do pret_.
1,400
1.900 American Ice Securities..
200 American Linseed
Do prel
700
2,100 American Locomotive
Do Dref
70
100 American Malt Corp
Do prel
200
125 Amer Smelters Sec prel B
108,250 Amer Smeit.ngA Refinin*
Do nrel
2.800
American Snuff.
Do prel
20
1.500 Amer Steel Found (newt
2,710 American Sugar Refining
Do prel
500
13.860 American Teteph A Tel eg
700 American Tobac (new) .pf
3.100 American Woolen
Do prel
500
$18
*46
153
8
111
154
8*s
113
118
141%
96
33*2
94%
41%
32*2
*93
74*8
33*8
18
50
153
8
112
110
121
*1412
17%
*83
87
67*2
68%
58
107*8 107%
20% 20%
20%
*73
*65
75
66
31
30*2
42%
*19
•69
...
*2
2*2
5%
*2
*4
loo
33*2
33*2
105
*96
33*f
34*2
96
97
179*2 181
48*4 50
113
116
*105
Crex
140
95
9
60
140
*85
*8
*52
104*2 *103
106% *106
140
95
9
60
598
98
*69
71
*138
♦85
*8
*52
•
620
15%
57
*53
*98
*69
*5
*14
103
71
7*2
19%
34% 35
110% 110%
5*2
19*4
36%
75
72
76
72
*16
55
*98
*67
700
2,160
2.300
1,950
"
6’460
439
300
275
100
124
Ask
110
155
310
125
115
Banks
Brooklyn
BUt
Nat City...
North Side f
290
150
158
150
Terminal
2.650 People’s G L A C (Chid
200 Philadelphia Co (Fittsb'h)
700 Pittsburgh Coal Co
Do pret
700
1.100 Pressed steel Car.....
.
92%
20*2
Do prel...
400
611 Pullman Company
.......
*120
71%
72*2
124
trust Co's
Ask
305
180
B'way Tr—
Carnegie
160"
Central Tr_t
Columbia
Commercial
__
...
K
90
?
150
.....
875
2/0
Bankers' Tr
630
335
640
*
Fidelity
Fulton
...
....
Do pret
Do
‘o'iod
pi ci
dTennesseei'opper Pari 25
1.326 Texas Co (The)...
400 Texas Pacific Land Trust
I fnlon Bag A Paper....
vJ
60
300
322
110
40
300
100
16*4
65
102
70
1.900
1.078
75
300
165
Bid
Ask
145
110
10 ;o%
ISO
115
280
285
130
310
470
1650
213*2
Btd
Ask
Guardian Tr
Hudson
Knlckerb'kr
Law T l&Tr
170
300
250
810
180
180
Manhattan
Mercantile
Metro poCt'n
Mutual
.
217%
’
m
....
Mut
All nee
130
20J
375
700
51 vy
13)
125
*Bi4 and asked pnoeec no antes on this day. 4 Lees than 100 shares. tEx*rtghts. b New stock
* Ex- stook dividend.
38
80
104
Jan 3
112*4 Jan 3
Apr 27
101
22 3
101% Sep 20
95
Feb 28
[18
143% Feb 24
99% Mch 1
125
$54
jau
in
b
Auglu
J W 26
J no .9
28
J’ne h
164% Jan
18% Jan
3
3
4
3
104
6
66
33
Jan
$0
92%
160%
23%
66%
63%
00*4
*0
26
27
60
88
m
Jan
305
260
140
205
4
Jan
Jan
3
Mch
Jan
j’ly 1
J'ly art
Jan
4
7*2 Jan
24% Jan
ii
0
16
3
Jan
ilo
jail
118*4
J'ly
125
Jaa 17
6
Sep 17
Oct 17
J *y -6
131
May
401? Aug
10734J a*
J5438 Dec
3614 Sep
6912 Sep
164U
Dec
Nov
51#4
HI
53
Oct
Sep
Dec
yli2 Dec
165*4 Jan
26*2 J'ne
9312 J’ne
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32%
Feb
4U2 Jan
9612 May
Feb
17234 AUg
Men
Feb
63
Aug
94
6934 Aug
64i2 Nov
Sep
91
115*8 Dec
95% Nov
77% Dec
120
Sep
Sep
130
30«4 Dec
99*2 Sep
5
3
Jan
3
43*4 Jaa
46% Jan
ilt>%Jan
4
4
3
8
Sep 26
7
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83
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6
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64
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200
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May
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10
5% May-1
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3
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Jan 17
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iu4t4jan 3
182*2 Nov 11
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11834 Feb
68
Feb
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$33% Oct
1
3
$40% Jan
144
Oot 16
95
May 13
13*4 Jan 10
8012 Feb
9*4 Feb
66
Jan
116
Oct
Sep
109
243g Feb
Jan 17
jan 3
73
122
4
113% Jan
32
Jan 3
Jan lo
Jan 10
84
145
84*4 Jan
4
29% jan 3
62% Jan 3
116*2 Jan lo
84
Jan 3
91
Jan 3
125% Jan 3
$60% Jan 6
66*8 Oct 21
129% Jan 4
82% Jan
Mcb
Feb
Feb
Jan
$3918 Feb
40% Feb
8
4
78% Mch '
130
Feb
671; Feb
41U Feb
107
Feb
Jan
Jan
3
94% OC*
120
Sep
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Jan
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81*4 J’ne
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Dec
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70
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24
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11
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‘ Oct
Dec
203* NOV
51% Jan
107% Jaa
73
s <rl95
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49*2 J’ly 21
9714 Nov
87*2 J’ne
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'
3
3
5
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3% Apr 6
85
AUg
94
11334 Aug
84
,
Dec
Oct
27% *an
1914 jan
uo%Jan
May
NOV
May
237# Jan
28*2 Jan 3
96*2 Jan 18
89% Jan 4
110% Jan 17
$22% Oct 17
J’ne 0
J’ly 6
22% J'ly 2«
30
J’ly -b
103
J’ly 20
84
J’ly 6
13
J’ly 26
60*4 J’ly 26
25
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90
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Dec
63
53
Sep
9238 AUg
1061* NOV
69
19% Dec
78*4 Oct au
„
Feb
Sep
617# Aug
4214 Apr
20
J’ne
4734 J’ne
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Aug
1112 J’ne
128
y
69
27
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Jan
Oct 10
98
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Dec
joo
10
104
3
/
9034 jan 17
116% Jan lo
a
100
2
Nov
Aug
Nov
NOV
Feb
Feb
61% Jan
54% Jan
36<« J’fy 26
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93% J’ly 29
79
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Nov
J'ne
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$9*4 Sep 26
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55
80
6
3
98
Nov
Feb
Ii4i2 Feb
16% Feb
7314 Feb
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Jau 10
167* Aug
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vi«»8 Nov
60
Aug
103
Aug
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663* NOV
136% Sep
Apr
14518 Sep
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99*4 Apr
Feb
29
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6
a
Jan
114
57
300
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Jan
64
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Aug
Aug
Aug
Aug
Oct
Oct
131
667i4 N«V
56% Dee
128
Dec
757# Sep
Dec
670
Feb 14
trust Co's
But
Ask
NY Life ATr 1100
N Y Trust. 635
1120
050
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...
90
400
500
410*
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TltleOuA Tr
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1190
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160
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130
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'
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740
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e
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29
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.
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3
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Jan
Nov
260
OUOlAiToNS.
800
...
i/
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152
trust Co's
Gnarty Tr.
Lincoln Tr
Madison
34
90%
25%
91% J’ly
42i# Jan
b
5
u
8
48
.
...
oan
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10713 Feb
9H
206
17*4.1 an
116
.........
eetem Union Teleg..
2.500
7,060 Westlngh'seEl AMfg assen
Do 1st nret
124
7% Feb
71% Feb
•*
29% Mch
46% Jan
62% Jan
Do prel
United Dry Goods Cos..
Aug 2
Do prel
99% Aug 2
U S Cast I Pipe A Foundr
14% J’ly 21
Do prel...
49
J’ne 28
United States Express..
95% J iy 26
U S Realty A Improvem t
64*4 J'ly art
U S Reduction & Refining
4
J’nea7
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13
J’ly 8
United States Rubber...
27
J’ly 6
Do 1st pret
99
J’ly 16
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59 « J’ly 27
United States Steel
61% J’ly 26
Do pret.
ll'n- J’ly 26
dUtah Copper ...Par $10 U39*8 J'ne 30
Feb 3
47
Virginia-Carolina Chem
Do prel
117
J’ly 28
V Trtnla Iron Coal A Coke
60
Sep 24
\I/eUs Fargo A Co
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290
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26*2 J’nejo
29
J’ly 26
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4
Oct 1
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82
J’ly 23
61% J 'ly 2u
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277
Apr 4
95% Jan is
88 J'ly 26
111% Oct 3
112 Oct 3
126% J'ly 26
2% Aug 2
28
J’ly 26
14.875 Republic Iron A Steel
i*o prel
4.510
1.850 ^ears. Roebuck A Co
11.386 tD loss-Sheffield Steel A Ir
140
92
9
120
300
Empire
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Farm LoAT 1625
[ tlai* at Stock Exchange or at auction this week.
....
quicksilver Mining
l)o prel
900 L> all way Steel Spring
‘”266
Jau
8% Jan
luj*; J’ly 26
Copper .Par $5 $17% J’ly 6
100 New York Air Brake
200- North American Co. new
1,610 paatlc Mall
2.300 A acific Telep A Teleg..
77%
♦160
71
70
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9.650 dNev Cons
N Y City
trust Co's
N Y City
As tor
11
70%
69*2
71%
74%
124
165
Do prei
international Paper
Do prel
Internal Steam Pump
Do prel.
Laclede Gas (St L) 00m..
Mack ay Companies
Do orel
BANKS AN l) TRUST CO M PAN IES—B ANKERS'
People’s
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245
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165
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_
„
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73
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prel
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«% Sep 13
19
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35
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Do prel
.......
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278
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14
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iron
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700 Federal Mining & Smelt’4
43*2
113
A
_
107
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38
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13.595 Consolidated Gas (N ¥ 1
2.400 Corn Products Refining._
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1.400
31
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*•6% 105
84% 34*2
96*2 96%
180
182*2
49% 60
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100
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77
66
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7,000 ( central
74%
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108
2,800 iAnaoondaCopper Pari20
4.500 Oethlehem Steel.......
Do prel
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Brooklyn Union Gas
97
*
18
87
.....
60*4
85
...
_
137
11
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5
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16
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13
13
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55*2
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_
107
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Oct 13
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48% 49%
24.300
60
61
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61*2
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20
126
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170
66
50
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55
73
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—
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20
50
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42
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61
64
290
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126
56
165
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Brooklyn
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Brooklyn
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73
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65
109
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141
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138
110
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73
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6
36
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111*2 111*2
76
36
88*2
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106
106%
96
31%
34%
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117
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180*2 181*2
49*4 52*2
113
*16
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*87*2
Feb
3Hi; dan
951; Jan
20*4 Jan
82
Jan
___
4.450 American cotton
Jan
12% Feb
Feb
88
66
......
Do
12
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30*2 *29% 30*2
30*2 30*2
34
35
32*4 33*8 *33
10534 *105*4 108% *105% 106%
32%
33
35*2
32*2 33*2
12
*4%
6*2
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6*2
136
135% 136
137*2 134
16
16%
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79
79
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105
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37
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300
39*4
5
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7.800
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72
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96
96
99
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165*4 166 $164% 164*4 $167 167
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.
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80
66
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124
18
87
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107
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20
49
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87
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66
78
66
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151%
153% 154
8
8
8%
113
114% 111
122*2 122*2 1120*4
5*4
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17
17
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13
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5334
56% 66%
43
42%
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84
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105*4 105*2 104*2
93
94*4 94%
75
75*2 76*2
60*8 60*4
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•106*4 1077g 51077g 10778
21*s 21%
21*4 21*2
*77
66
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30*2
140% 141%
95
95*2
32
33*4
65
32%
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594
19
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63
138
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105% 105%
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18*4
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117
33
48%
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8
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113*4 H4%
123
123*4
♦5*2
6
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13
13%
56
667*
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115
123
18
88*2
75*4 80%
105~8 106%
141% 142*2
♦95*4 96
65
34
21%
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300
117
138
33%
89
82
106*4
105
250
4*2
21%
19*2
12*8
35
4*804
94
4*2
21%
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*
38
4*4
21*4
39%
80,000
2,570
....
5100 100 *100% 101*2 *100% 10o%
47% 48*2
46*2 48*2
45*4 46
116% 119% 116% 117% 118 118
101*2
48*2
47*2
154% 1547g
8*g
8*4
47*2
114
•122
82%
106
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65
33*8
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105
265
4*4
86
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79%
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12
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35*8 35*2
35%
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34*4
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6
137*2 136% 137*2
17*2
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80
80
80*2
32*4
♦100
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"
5%
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116*2 116*4
142% 1427s
95*4 95*4
33% 34%
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32*4 33*8
61
62%
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94
190
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13d prei
700
45
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74% 75
75% 76
51*2 53*4
52% 53%
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61% 61%
X61% 62%
4*4
22%
20%
11%
33*2
*4
5*4
81%
10*2
37%
37%
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„
107
89
....
36%
38*4
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*1C3
Express-— >249 J*ne 13 J270 Jan 5
15
Jan 3
7*2 J’ly 27
L-r Aug 5
54% Jan 5
SHPjJan
3
55% J'ly 13
Amalgamated Copper...
Amer Agricultural chem.
36 J’ly 26
4L% Oct 21
jan
iu
103
do pref__
99% Apr
American Beet sugar..
24
j’ly 26
47% Jan lo
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89 J’ly 27
v5% J ’he 15
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?3%Jan 3
6% J ne ju
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62 J’ly 26
81% Jan 6
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39% J’ly 26
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30*# 30*4
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38
39
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61*2 61*2
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20%
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66%
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♦1137g 116
64% 66*2
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34%
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94
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....
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....
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Lowest
_
—
Ex-dtv and rights, d Now
_
Irust Co's
But
Ait
Brooklyn
Brooklyn Tr
415
Citizens'
Flat bush
125
200
425
135
220
210
280
...
..
Franklin...
Hamilton
Home
..
...
270
rioe
600
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..
Nassau
....
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165
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'
mm
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310
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815
115
100
quoted dollars peg share*
^Banks marked with a paragraph (?) are State banks.
New York Stock
Jan.
Exchange-Bond Record, Friday, Weekly and Yearly
11909, the Exchange method of quoting bond*
BONDS
N. Y. STOCK- EXCHANGE
Week Ending Not 11
Price
Week?*
Friday
Range or
Last Sale
Noe 11
Li. a. -Government
0 S 2a oonsol
register ed.dl930
U S 2s oonsol
ooupon....<il930
0 S 3a registered
fcl9l8
0 B 3a ooupon
£1918
0 S 3s oou small bonds.. A101S
U S 4s registered
1925
0 S 4s coupon
1925
U S Pan Can 10-30 yr 2s.fcl930
changed, and prices
was
Bid
Ask .Lore
100*4 101 v 100*4
100*4 101 1100*4
101*4 IO2V102
101*4 102>a 102
101%
115
III
High No
Sep’10
J’ly’io
Since
High
100% 101%
1100% KM,*4
il01»4 102%
103
1102% 102*3
1114% 115%
116>s 115*a Oct *10
115*3...
116% Nov’iol
100*a...
100*% Ang’10
114% 115%
100% 100%
Price
Friday
Nov 11
?!
Bid
J-D
j-j
J-J
j.j
M-N
j.j
Q-J
J.j
lu3%J’lyT0
967, 97
86
40
Virginia runddebt 2-3s...1991 J-J
6a deferred Brown Bros otCs.
88
41
103% 103%
04% 96
Out ’10
96
90% Jan ’10
00% 00%
Oot’10
41
66
40
Railroad
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Arbor 1st g 4s
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Adjustment g 4a
Registered
A1996 Q-J
48.1995 A-O
1995 A-O
Nov
Nov
M-N
J-D
J-D
J-D
J-D
hl096
hi 99 6
Stamped
..hl995
Conv 4a issue of 1909... 1955
Conv g 4s
1955
Conv 4s (issue of 1910). I960
la 17
10-year conv g 6s
Debentures 4s Series J.1912
8 h e Pres As Ph 1st g
6s. 1942
1
Registered
os
Registered
Stamped
90% Sale
00%
Ai-S
109
05
107
110*8
95*8
J-J
92
94
88%
07% 101
98
2
88
92
89
105
100
08
00*4
94%
72j
li(
91*4
.....
92*4
*98* *99
117
08%
97
98*3
97%
94%
107% 109%
02
96%
21
92
Sep '09
96% J’ne’09
01*4 Sale
04%
02\ 48
127
J’ne’oy
112
95
Mar’10
89
J’ly’10
92%
92%
91% Oct '09
96%
96%
112
06
112
90
93
97%
98*4 46 97% i*00%
l 96
98% 96*4 J’Jy’10
99%
98%
„
120
OCt ’01
111*%
87*4 88% 87*4 Oot '10
91 % Sale
91%
91*4
00
Sale
00
90%
88%
89*3 Apr’lu
......
J-J
08%
103
112
F-A
J-D
A-O
A-O
lO 1*%
J-J
96*4
J •D
80
103
112
A1-S
111
M-N
107
96
108
109
115
% 118
00
103
116
....
115
80
4
89
93
92%
89% 90%
103
...
103%
103%
116
110
107
121*4
106% 108
122
Oot’10
100
Sep’10
100%
100%
May’10
Aug’10
J ’iy '08
J’ne’10
116% Sep’10
72
Mar’IO
....
73
.*105
JI 06
100%
90%
..'115
117
72
103*4 103% 104
100% 101% 100% Oot ’10
100*4 May’07
72
6 102%
105%
100% 101%
00% sals j 90
1
00
....................
2u prei income g 6a....pl045 Oct
2d pi el income g 5s stamped
3a prei income g 5a....pi945 Oct
3d prei inoome g 6s stamped.1....
109%OctT0
109% 113%
87%
87%
85
83%
91
00
50
5
5
|
!
Sale
90
89 ! 87%
87%
89 j 87
Oct'10
Bale I 85
85 j
1
86
85% Oct '10
.
1
_
1*0,
.
...J
82
81
75
75
75
80
01%
90%
37%
87 %
86%
86
N— lat g
’
1945
1st refund conv g 4s....2002
BkCity 1st con 5s. 1016.1041
Bk % Co Jb S oon gu g
58.1041
103
J-J
J-J
83% Sale
83%
84
101% Salt 101% 101%
07% 88
97% Oct ’lo
100
103% 102
102%
101% 102% 102% Nov’10
83% 86
82%
82%
83% 05% 85
85 %
M-N
Bklyn Uu El 1st g 4-5s.l950 F-A
Stamped guar 4-5s....l950 F-A
Kings Co El let g 4a....l940 F-A
Stamped
guar 4s
1940 F-A
Nassau Elec gu g 4s ....1851 J-J
Conn By Jb List Jbref g4%s’51 J.J
Stamped
guar 4%s
1951
Det United 1st oon g 4%a.l032
Havana Elec consol g 5s. 1952
Inter-Met coii 4 %s
1956
Inter Rap T 3-jrr conv 6s. 1911
J-J
J-J
F-A
A-O
M-N
1852 M-N
45-yeor 6s Series A
Internet Trae coil tr 4s..1949 j.j
Manila Elec 1st Jb coil 5s.l853 M-S
*No price Friday; latest this week*
78
103% 103% Nov’10
Sale
78
68
2
78‘v
102% 102 *8 Mar’li
100%
101% Aug'lt
79
81
80
J’ly’lC
95%
95%
80% Sale
70%
100% 100% 100%
102% sale 101%
65 %
67%
......
88
HFlat. oDue Jan
101%105
70% 87
100% 104
07% 99
99
lOo
99% 103
82% 80
80
76
85 %
8J
U-2%102%
100% 102
80
82%
Oci ’10
93
95%
81% 149 77
83 %
6
100%
100% 104
442 100
103
103%
Mar’10
67% 6i%
May'06
d Due Apr
e
Dae May
A-O
J-D
j.j
M-N
A-O
cot Jb 9th A v 1st gu g as. 1095
Lex Av Jb P Flstgug5s 1993
Third Ave R B oon gu 4s 2000
Cent Tr Co certfs stmpd..
Third Ave By 1st g 5a..193.
N Ori Ry & Lt gen 4%s ..103.St Jos RyLt-K Jb P lstg as’3.
.si Paul City cao cou g 5s.193',
Tri-City Ry Jb Dt 1st s i os.1923
o uderground of Lon 6s...i J2r
r
1
•vl-S
M-S
Due ,’ne
88%
101%
106%
8 110%
114%
Sep’10
112%
112% Jau ’lo
101%
102
101% J’ne’10
93%
89
94%
*7
112% 112%
99
103%
26 i
1017, 101%
80
95%
80
87
2
88% Oct’10
104% Sep 10
89
83
104
88%
104%
Jan'00
80
96%
91
96%
3
84%
Sep ’10
90%
88
93
113% beo’05
95
74
Oot ’10
74
70
Oct ’09
70
100% 101% 101
87
100
114
no
87% 95
Nov’10
97%
Nov’10
Nov’10
*2
70
77
68%
75
08% 100
86% 80%
87% 88
98% 101
10
6*8
08% 100
98
100%
97%
88
100% 102%
97
20
100
100% 102
81
86%
121
127.
108% 113
.*u)’oy
Oot ’10
*11*6“ 112“
86% 86
85%
86
124% 126% 126 Oct’10
107%
114
Dec’uu
84
87%
124% 120%
109%
100
i’0‘6*' ib*6*%
J’ne’10
92% 02% Oct ’1U
102% 103 103 J’ne’10
99
89%
99% 88%
103% Oct 08
88%
88% Oot ’10
02
03
83
106%
107%
106% 108
102% 104%
101%
Iu6 %
......
100
100%
110%112
100
88%
00
106% 108
103-a
106
103% 105%
i 10% 1*13**
86% 101
95% 95%
87
106
106
105
Mar’io
May’10
106% heo’io
|109
1100
115%
108% .....Jlo0
109
100%
100%
97
12 100
103% May’00
OCt’10
'100 Aug’10
Bale
o7
08
1110
....
84
85
74% Sals
*0*5%
100
102
100
108
124
125
86
99
93%
92
97% 97%
84%
Deo’00
84%
9*4% **0*4%
95
83
66% 83%
76% 80%
Oct’10
86
”'*11% 114%
I1106% 106
I i*u*4*’ *1*0*4“
May’iu>.
108%Oct ’AO',
.104
Feb’iO.
.
.
io8
no
103% 104
i
I
86
98%
94% May’ 10
83 % Aog’00
74%
74% 182
76*4 May’10
104
.
109
91%
14
...1
144
111% Oct’10
120% Mar’w3
105% Oot’10
UW%
,100% 112
....' 109
98% Feb’10
fc9
80%'
97% J’ly’io
94% Jau ’10
88% Sals
109
114% 117%
112%
100
142% Feb’02
'123% Apr’09
„
108%
106
107
106% 106%
111%
sep’10
J’iy’08
1114% J’ly’io
117
117
100
80
>110% 111%
107% 107
aasaae
100%
104% 106
105% 108
88%
80
83% Apr'08
110% Sep ’lo
lll%Nov’08
106%
106%
110
102
Nov’lo
100
J’ne 10
85 % J 'iy ’10
111%
04
103 %
08
85% 89
81% 83%
107% 108
107
110%
106% 108%
102% 103%
ii6% 116%
i*ii*% *Tii*%
89
......
103
33
108% Oot’10
107 % oct ’10
103% Oct ’lu
116*4 May’10
106% 100%
105% Aag’lo
103% Aug’lu
116%.....!
103*4
92%
107% Mar’io
125%Oct *19 ....123
93
hDire j’ly
77
48
75% 70
i‘ui“ ioMV
98 % 100
102
96
97
J-J
*61% Safe
J-J
J-J
M-N
J-J
A-O
M-N
J-J
Income 6s
1048
Union Et (Cuic) lstg 5s..r945 A-O
United Rye St L lot g 4s. 1034 J - J
United RRs San Frs t 4s. 1927 A-O
0
85
Dcc’o3
127%
....
Railway
Met St Ry gen col tr g os.1007 F-A
Rei g 4s
2002 A-O
BwayJb7th av lstogds 1943 J -O
4, Vir
100% 101%
100
100%
90%Nov’lO
87%
109
Next Page-
ou
Street
A-O
5a. 1034 A-O
1934 A-O
5
88% Sals
88
88%
86*4
88 Sep ’10
100 Sale 100
100%
104%
108% Oct ’09
09% 100% 99% Nov’10
08% 100
08% oot ’10
101 % Mar’00
97
87% May’10
M- S
JUic St L on ritu see Penn Co
JlilO St P M Jb O Con 6s... 1830 J-D
Cons 6s reduced to 3%a.i03U J-D
lUDCEliLANEOllS BOND.8—Continued
Railway
Brooklyn Bap Tr g 6s
A-O
A-O
M-N
M-N
M-S
F-A
M-S
J-J
M-N
J-J
J-J
JJ
J-J
A-O
M-N
M-N
M-N
M-N
M-N
M-N
CBlFJbN W lstgu5S.1921
M db St L 1st gu g 7s.. 1027
Choc Ok Ob g gen g 5s .01010
Consox gold be.
..1852
Keoa Jb Des M 1st os....1023
Jiuc ji x. Jb N o
see ill Cent
Street
99%
1107
100
102
76
2002 UN
Registered
.
n
F-A
M-N
Louis* 1st 4*%s 1834
t>ur C U Jb
106 % 107 **106%
106*8
113
Apr *06
J
J
J
D
D
1821
1921
1033
1033
Registered
111%
J-J
j.j
j.j
j.j
J
MU Lb Jb West 1st g 6a 1021
Ext Jb Imp aland g 6s 1828
Asliland Div 1st g 6a.. 1025
Mich Div lat g 6a
1024
incomes
.........1911
Ohio Rock lsi Jb Pac 6a... 1917
Registered
1917
General gold 4s
1888
Begistered......
1988
1834
Retunding g 4s
Con trustSenes J 4s....1812
M *s
1016
N 4s
....1916
O 4s
1917
P 48
1018
Ohio R* I Jb Pa© RR* 4s..2002
R1 Ark*
F-A
M-N
M-N
Oot
ft
1870-1820 A-O
Registered........
..'116% 116%
103
a
-
Sinking land 6a...1879-1929 A-O
Registered.
1870-1929 A-O
113% 116%
.
A-O
Registered
,pl987 %-F
Sinking fund 6a...1870-1020 A-O
Debenture 5a
Registered.
Bin king iund deb 6a
70%
125%
.|,120% 125
.
Oct *10
83*2 85
84
123% 127% 121 J’ly'r.u
110% 111%'! 10*4 Nov’10
‘
Nov’09 ...j
68
no
103
88% Oct’10
100
104
112
J.J
LOUlBVN A Jb CO 18168.1910 J-J
Registered.
73%
100
07
Ohio Ind Jb Sou 50-yr 4s..1056 J-J
CUio MU Jb St p term
g os 1914 J J
Generalg4a senes A..el989 J J
103
..102
2 120
100%
1947 J - J
itegiatered
*1089
General g 3 *as aeries B.eli/60
25-yr deben 4a
1934
Clue Jb L Su Div g 5S....1921
Ohio Jb Mo Biv Div 5s...1026
Ohio Jb P W lat g da
1021
Dak Jb Gt So g 5s
1016
Far A Sou assu g 6a
1024
Lacrosse Jb D lat 6s....l010
Wis Jb Minn Div g 5s....1021
Mu Jb No lat cons 6a....1013
Extended 4%s
1913
Ohio Jb N orthw cons 7a.... 1916
Extension 4a
1886-1926
•Registered
1886-1026
General gold 3%s
1087
..110
Sep’10
122% 122%
102
M-S
Cuic rndc Douisv rex os._.ly4Y J
Befunding gold 5s
Nov’05
Jan ’1
102% 103
122% Sale
M-S
Clue Gt Western 1st 4s... 1959 M-S
109% 113%
115% ll0*3J’ly’lO
105
J’ly’io
1013 M-N
General 4s
1958
Hands StJ os oonsol 6s.. 1911
Chic Jb E Ill ref ds imp
g 4s 1955
1st oonsol g 6a
1034
li0%Mar’O4 ....if
08*4 Sep ’09 ,...n
100
Nov’04
100%
*
87% 89%
16
1U9% 109%
106% Eeh’07
112 Dee’09
103*3
A-O
Mar’10
Debenture 6s
General consol 1st oa.... 1037 M-N
122%
104%
Registered...
1037 M-N
ClnoJb iuuc Ry rsi, 6a.1030 J-J
104*4 122%
98% 08% Chio&go Jb Erie See Erie
109
123
100
05
02
ail
107*3 J’lJ '10
Sale
0-J
1913
74
98*4
J’no’lO
94
04
94*3
J-J
M-N
M-N
J-J
F-A
J-D
J-J
Nov*l 0
98%
98% Jan’10
98*4 Feb’10
97 Apr’10
12b
A-O
J-J
1913 M-S
1913 M-S
Garb Jb Shawn See ill Cent
Carolina cent See Seab Air L
Carthage Jb Ad See N Y C Jb H
Ced R la h Jb N SeeB CRJbN
Oen firanen Ry See Mo Pac
Cant oi Ga RR 1st g oa..pl945
Consol gold 5a
1945
Registered
1945
1st prei income g 6s....pl945
98
M-S
M-N
J-J
J-J
M-N
A-O
A-O
J-J
....hl926 <4-J
6s
CuuaBolstext
'2d
97% 98%
95*8
93%
Con Ohio B 1st og4>as.. 1930 M-S
Cl Lor Jb W oon 1st g 5s 1933 A-O
Mouon Biv 1st gu g 6s..1919
Ohio River RR 1st g 5s. 1930
General gold 5s..
1937
Pitts Ciev Jb Toi lat g 0s 1922
Pitts J» West 1st g 4s...1917
Stat Isl By 1st gug4%s 1943
Beecu Creek see NX C Jb H
Beilev Jb Car See llllnoia Cent
Bkiyu Jb Montauk see Long 1
BrunaJb West See Atl Coast L
Buffalo N Y Jb Erie See Erie
Buffalo R Jb P gen g 5a...1937
Consol 4%a
1957
All Jb W est lat g 4a gu..!998
Cl Jb Mail 1st gu g 5s....1943
Rooh Jb Pitta lat g os...1921
Consol lat g Os
1922
Buff Jb Susa 1st ret g 4e.tf 1961
Bur CRJbN See C R I Jb P
79
92
Jan’10
90*3 91*s 91
91%
106
106
106
107
106%
106%
103
102*% lu3 103
108*, sale 108*8 199%
F-A
Series K
1913 F-A
East Okia Div 1st g 4s.. 1928 M-S
Short Line 1st 4s g
1958 J-J
Atl Knox & N See L A N
Atlantic Coast 1st g 4s.hl052
Ala Mid 1st gu gold 5s ..1928
Bruns Jb W 1st gu g 4s.. 1938
Charles Jb Sav 1st g 7a.. 1938
L As N coll g 4a.
01952
Sav F Jb W 1st gold 0s..1934
1st gold 5a
1934
Sil sp Oca Jb G gu g 4s ..191b
Atiautio Jb Danv See south By
Austin Jb N W See Sou Paoilio
L>alt Jb Ohio prior 1 g 3%s.l025
D itegiatered
A1925
Gold 4s
hi94b
Begistered
hi 948
Pitts J one 1st gold 0s... 1922
P J on Jb M Di v 1st g 3 >a8l925
PLEA W Va Sys ref 4sl941
Southw Div 1stg3>aa...i925
77
79*4
98% Sale
Cluo Jb Alt RR ref g 3a...1049
a-O
Railway lat lien3%a...I960 j.j
Registered.
1950 j.j
Ohio Buridbq—DeuvD 4s 1022
F-A
Illinois Div3*38
1949 J.J
Registered.
1040 j. j
Ilia Div 4a
....1949 J. j
Iowa Div sink iund 6s.. 1919 A-O
Sinking fund 4s
1919 a-O
Nebraska Extension 4s. 1027 M-N
Registered.
1927 M-N
Southwestern Div 4s....1021 M-S
Joint bonds See Great North
Since
January l
High No Low High
90% Sep ’09
104% J Tie 08
......
4‘as
1933 J - J
settlement3s..1913 J-J
Range
aq®
Ask Low
86
ft
new
or
Last sale
f*
A liud R gengugSs 1920 j.j 100
(foreign Government
Leh A Wilks B Coal 5a..1012
m-N
100*2
19
Argentine—Internal 5s of 1909 M-S X 97*aSale
87%
97%
95% 97%
xtH?“
8uar 4*3*....j/1010 Q-Al
Y Aefl
^
imperial Japanese Governin't
Long Br gen g 4a 1941 M-s
07%
1925 F-A X 94
94*% 94%
Sterling loan 4%s
94% 14 94
96% Cent Paoilio See So Pacillo Co
2d senes 41as
13 93% 95% 9.SntXennontist8*ig48.«102O
1925 J-J ♦ 93*% 94*8 93*4
94
87
q.f
90
Sterling loan 4s
1931 J-J * 88% 88*4 88*3
6 88% 92% Ohas A t>av see Atl Coast Line
88%
Chea Jb Ohio gold 6a
1 101% 104
Repub ol Cuba 5s ex ten debt. M-S *101*4 102% 101% 101%
alUll a-O
90%
100%
8an Paulo (Brasil) trust 5s 1919 J-J * 97
Gen funding Jb
97%
97*8 07
1)95
97%
impt5s.lU29 j. j 101% 104
U S oi Mexico s t g 5s of 1899
1st consol g 5s
* 90*, 97
97 Nov’lo
96% 99%
1939 M-N 112
Sale
Gold 48 or 1904
94*3 06% 96%
7 04% 97%
1954
93*4
Registered
1939 M-N
General gold 4*38
XT hese a re pr ices o n the b asts o/ $5 to £.
1902
M-S
101%
102
State and City Securities
Registered
199*2 M-S
N Y City—-4%s
1007, sale 100*4 101 100 100 101%
I960
Convertible 4%s
1930 f-A
94
Sale
4% Corporate Stock
99*% Sale
99*4 103 96 100%
Big sanuy 1st 4s
09%
Iy69 M-N
1944 J.R
89
99
Coal Riv Ry 1st gu 4s ..1045
99*3 99*%
4% Corporate stock ....1958 M-N
99*% 60 06% 100%
j-d
85%
New 4 *2»
1957 M-N 107*4 Sals 107%
107V 11 105% 109%
Craig Valley ietg 6a....l04O j.j 102% 86%
New 4 %a
Oct ’10
Potts Creek Br 1st 48..104O
lt*17 M-N *102 *3102’s 103
102% 103%
88
00
j.j
B Jb A Div 1st oon
4%% Corporate Stock ..1957 M-N 107*4 bale 107*a
197V
105% no
g 4s..1080 J.J
05% 97%
4 *9% assessmt bonds.... 1917 M-N *102*3 1027, 102% Oct *10
2d consol g 48
102
103%
1980 J.J
91% 93
99*4 Sale
Warm Spr Vai 1st gds..l941
4% Corporate StoCK....1957 M-N
99*4
99*%
96% 100*4
M-S 101
N Y State—Canal Impt 4s. 1900 J* J
102*3
104 7s
Greenbrier Ry lstgu g is ’40 M-N
104*8
101% 105%
90
So Carolina
104
Tenn
h
Week's
Range
.
Cent oi Ga B B—( Con)
Chatt Div pur ruon
g 4s. 1951
Mao <S Nor Div 1st g 58.1046
MldGa Jb Atl Div 6s....1047
Mobile Div latg 6a
19*6
Oen RB Jb B oi Ga ooi
g 6s 1937
Cento! N J gen'i gold 5a. 1987
Registered
hl987
Am Rook Jb Imp gu 6S..1021
Low
,101 %
’s
BONDS
N. Y. STOCK EXCHANGE
Week Ending Nov 11
Mange
January 1
Oot ’10
J’ne’10
Oot '10
all—“and interest"—except tor intone and defaulted bonds.
are noio
fcbue
107
16
J’ly TO
98%
0 3>..
01% Oct TO
20
tT
50
£7%
r-2
xu7% Oct TO
86% 81 % Oct ’ 10
98%
05
09%
88% Sals
37
37%
i
;<8
Nov’08
07 % Dec ’09
08 : Nov T O
9o
Apr'- *9
88%
37
1
70
66% Nov’10
Aug’10
-
90
■•••••
83
l
31%
-
m
.
—
•
•
•
oDaeOot
p
Dae Nov
89
40
,
*
70%
83
65
74
±mm.
Aug
69%
68%
105% 108%
84% 87
00
06
^
88%
80
82%
*» T
Nov 10
* *ct ’08
84
80
74%
54
46
08 % 102%
16
1U2
06% 09
24
108
104
108
96 % 9,<%
60
78
Oct ’10
102
«Option Sale
Soy. 12
TS
■<3
BOND#
N. Y. STOCK EXCHANGE
WftEK ENTMNn NOV 11
ChooOAQalf &WCRIAP
OinUAD 2d gold 4%s.~1937
Cln DAI 1st gu g 68...1941
C Find A Pt W J st gu 4s g.’23
Cln I A W 1st gu g 48.1953
Ind Dec A W 1st g 6s... 1935
1st guar gold 5s
1935
OlSt LAC bee C C C A St 1.
Cln SAC bee C C C St L
Cleartleld A Mah bee B K A P
Clev Cin C A St L gen g 4s 1993
Cairo Div 1st gold 4s....1939
Cin W A M Div 1st g 48.1991
St L DlV 1st col tr g4s.. 1990
1990
Registered
Spr A Col Div 1st g 4s..1940
W W Val Div 1st g4s... 1940
CibtLAC oousol 6s..1920
1st gold 4s
1936
Registered
fcl936
Range or
Loot bale
I2
ft 3
112% Sale
108*6 112
91 Hi 92
Range
binee
Januaryl
No Low High
123
127
AMk Lote
High
122% 126% 123 J’ly TO
122ao 127 *5 120%May’U9
tixu
s,
112 >4
103«a JTy’lO
92
92
....
8 111*4 114%
108 Hi 112
6 88
93 *2
112
-
-
106
J-J
J.J
J-J
102
106
106
Oot ’00
Oct ’10
101
'I 86
86*4 Oct ’10
as »a
J-D
95
J-J
J-J
M-N
90H
M-N
MS
J-J
M-N
s
Q-J
104
!
102
bep’10
107 "a Deo ’02
108
Targo A bo bee Ch M A St P
lint A Pere M
bee Pere Mar
FLaCAPemn See Sea Air Line
Fort St U D Co 1st g 4%8.194l
87*4
107
Ft W A Bio Gr 1st g 4s...1928
*al Har ASA bee So PacCo
Tal H A H of 18821st 58.1913
92*4
1U5
10 L*4
J
105*4 Feb’10
97*4 Oct *10
96
108
,
106 V
90%
96*2
90
89*
94Hi
96*4
90
90
105*4 105*4
..'I 96*t 98*2
I 96
98
10,
Oct’lGl
..
..103
108
109% Dec’Ub
Aug’to
94
J’ly’08
91
60
119
91*2
60
91 *2
53
73
70*a
70%
94*4 95 Hi 94%
94%
96*a 97
96*4
»7
113*4....
113*4 Oct *10
119
100
J-J
1917
108%....
Ill
....
‘*86** '94
117
107
86
lie
M-S
98
^
95
99
90
2u exl gold ds..........1919
3d ext gold 4%s........l923
4th ext gold 6s
1920
5th ext gold 4s
1928
N Y L E AW 1st g fd 78.1920
Erie 1st oou g 4s prior.. 1996
1996
4sl996
1996
1951
M-S
M-S
A-O
J
M-S
J
Range
i
Since
Ao
High
115
101 % 101
114
95
Dec '09
Oct ’10
Apt ’05
J’ne’us
87
92
84
Aug’10
Sep ’10
99
97
J’ly’09
.—
96%
Low
High
101
102%
88% 92
84
87
St JobeeSee
Han Atonic
NC
YB
H (J
NA
A H
97 7e
Hock Val
gold
Greenbrier By See Ches A O
Gulf A sl 1st ref Atg 5s 61952 J-J
100
100
103*4 111*4
111*4 114*8
J’ne'05
Sep’oy
113
1U6
120
118
Saife
lviO
149
93
101
98=8
98*4
123 *4
*9*2‘*8
i*2<r wo*
Aug’Ol
99
101 *4
191 96*2 102
99
93
Sep ’lo
5 100
103
6! 96%
100%
97%
91
47,
123% 130%
92% 97%
103% 104%
95
Mar’ 10
7 100
106
27 90% 94%
101
M
91*4
Feb ’08
Dec’09
Mar*08
98
83*8
97*4 101
Oct’10|
Sals
94%
103 «v| 104 *4
sals
101
79
118%
110 Hi
EqG LN 1' lsioon g os..1932
Berg Co c g os.1949
Gr Rap G L Co 1st g 6s...1916
Gas A Elec
78
85
92*a
92*s
84% Oct *10
87%
94%
83
86
Jan’02
97
Sep ’04
110
94
9i
74
97 7i
91
74
Nov’10
94
88
Oet’lOi
72
108% 110% 103% Oct'10
106 Hi •M.ar’oo
106
106*2 109*4 107% Oct ’10
106% 107%
94
89
72
112%
111% 113% 112%
116
J’ne’ub
112%
113%
Oct ’10
87
94%
....
91
76
Sep '10
111
A-0
M-S
A-O
A-0
Registered.....
1st ref 4s
1965 M-N
L N O A Tex gold 4s ...1953 M-N
Registered.
1963 M-N
Cairo Bridge gold 4s. ...1960 J-D
LomsvDivATerm g3 %a.l953 J-J
Middle Div reg 5a.
1921 F-A
Omaha Div 1st g 3s
1961 F-A
St Louis Div A term g3s.l961 J.J
Registered
1961 J-J
Gold 3%a
1951 J.J
Registered
1951 J-J
g 3%a...l951 J-J
Western Lines 1st g 4s..1951 F-A
BeLlev A Oar 1st 6s
1923 J-D
Carb A Shaw 1st g 4s...1932 M-S
Spring Div 1st
StL&NOg 6s...1951 J-D
Registered
1961 J-D
Ohio
107%
108%Oct '10
120 >4 Sale
100*4
103*8
100*8
103 Hi
120
100
108% 108%
....
Meinph Div 1st g 4s...1951 J-D
M-S
St L Son 1st gu g 4s
1931
Ind B1A West tieeil C C A St L
ind 111 A la 1st g 4s
1960 J-J
int A Great Nor 1st g 6s.. 1919 M-N
2d gold 5s
1909 M-8
Trust Co oertfs
Sd gold 4s
..1921
Iowa Central 1st gold 6S..1938
Gold 48..
..1961
James V A Clear 1st 4s... 1959
|*aiAAGJH bee L b A M s
118% 122%
120%
J’ne’lo1.
104% Oot TO
100
103
Mar’lO1.
103
106% Jan’10
86
86
74% Sale
•
•
87
74
63
109
••••
88
77
70*a
113
111% 112
112
118
ocl’10.
80%
85%:
85%
Nov'09.
81
74%
Feb’07
76%
70%
76%
.
87%
*83% **87%
8V %
64
66
83
110
115
120
114
127
114
73%
113% 113%
70%!
113% Mar’lo.
lll% 111%
Dec’08.
121
118
*67** *76%
75 |
86 s,
87
103%
106% 106%
99*4 99%
.
69% Feb’10!.
119 »8 118
84
100
104% 106%
.
123% Sale 123% 123%
104
109% 114 Apr 10.
luO*a
103 % Oot ’09
99%
99%.
93*4 103
100*4 lu3 100 % Oct’10.
100*4 100% Deo’06
8b
89
J’ne’10
89
107*a
108% OCt’10.
.
99% 103%
99
104%
.
89
.
108
93
108%
......
136% JO.ay’00
89
87
M-S
J-D
95
95%
J’ne’10
107% Ap:’U7
104
105%
Aug,10
90
101
104
90
92
♦81
80
97%
*97%
98%
.
*9*7%
95%
*84% *90*
102
99
98
99
97
100
J’ne’09
123
May’99
87
.....
impt 5s Apr 1950
A-O
Keck A lies Mo bee OR XAP
Knoxville A Ohio bee So By
99
89
Feb’10
95 %
...
119% 116
118
112% 113
96
100
97%
101
98
J-J
Lake
Erieos
A W 1stg
5s..1937 J-J
2d gold
.........1941
110% Sale
North Ohio 1st gn g 5s.. 1945 A-O
L bho A Mich S bee N Y Cent
Leh Vai N Y 1st gu g 4 %s.l940
J
J
Registered
1940
Lehigh Vai (Pa) cons g 4s.2003 M-N
Leu V Ter By 1st gu g 6s.l94i A-O
Registered
1941 A-O
Leh V Coal Co 1st gu g 5s. 1933 J-J
Leu ANY 1st guar g 4s.. 1945 M-S
Registered
;..1945 M-S
El O A N 1st pf 6s .....1914 A-0
Gold guar os
......1914 A-O
Leh A Hud R bee Cent of N J
Leh A Wilkes 6 bee Cent of N J
106
107
HI
106 sale
103% 105
1*1*3** il8%
106%
93%
99
118
May* 10
”9*7%
96
98
107
110%
106%112
103
112%
107
May’10
17
36
102% 106%
69
94
73%
73%
118
07%
15
77%
94%
71% 74
Oot 'uo
101
99% 103
108% 112%
110% 110%
106% Mar 10
109
Mar’lo
106
107
97
113
i06% 107%
108% 112
12 105% 108%
106
Aug’09
96% 97%
112% 115%
Oct TO
1J3
109% Oct '99
103
Nov’U9
94% 93% Mar TO
93%
96
101% 101%
101% Feb TO
102
100
89
Mar* lo
94% Nov’10
63
100
88%
114%119
oct TO
16%Oct To
16% 16
106%...... 104 Oct TO
74
70 Oct TO
73%
87%
Oct TO
103% 103
94% 94%
99%
100%
96%
Oot ’10
108% 107
110
96
97 %
95
98
117 % 117 %
90
OCt ’09
97 % Mar’lo
98
J’iy'08
95
107
100%
88%
lol % Get '99
100
xSov’OO
OCt ’10
95
117% May’10
94
99
*7*7% **77%
77% Mar’lo
79*4 Dec’08
90
87%
98%
May’07
Apr’09
87% May’10
86
95 %
J ’ly *09
99%Nov’10
99%.
99
92
94
Sep'09
93 *2 May’09
78
Kansas City Term! 1st 4s I960 j.j
Aeniucky cent aee LAN
99% 104
102%
100% 102% 102%
lUU%Sep ’ub
93
94% 95 *a May’10
92
99% ben’09
1950
101% bey ’09
Leroy A Caney Vai bee Mo P
Dock bee Erie
Long lal’u— 1st con g 5s. A1931 Q-J
1st oonaoi gold 4s
A1931
General gold 4s..........1938
1922 M-S
Ferry gold 4H»s
uoug
Gold 4s.
100
l01%Mar’i0 ...J;101%101%
.....
106%114 Cot ’09
11
M-S
J-D
JVan A Mich bee Tol A O C
KCFtSAM bee St L A S F
KCAMRAB bee St L A S F
Kan C A Baoillo bee MEAT
Kan City Sou 1st gold 3s..1960
Ref A
114 % Feb 10
127
Nov’10
1951 J-D
Registered.
Unified, gold 4s
Debenture gold 5s
on
110%-...
u
96
96
1932 J-D
91
.1949 M-S
.1934 J-D
93
112%
110%112%
112%
100
97
97% 9J%
96
.....
Oct TO
93
97%
97% Nov’10
90 *4 OCt ’06
93% Mar’10
104% Deo’08
87
100%
94
96
93%
Next Pace.
Gas and Electric Light
J-D
M-N
A-O
J-J
J-J
F-A
M-8
102
105% 106
68
19
b?
105
101
J-L
F-A
98
Hudson Co Gas 1st g 6s..1949 M-N
Kan City (Mo) Gas 1st k 5s 1922 A-O
Kings Co Ei L A P g 5s
1937 A-O
102
97
Purchase money 6s......x997
E« El U Bkn 1st con g 4s 1939
Lac Gas Loi bt L 1st g 6s.«191i>
Bel and ext 1st g 5s.....1934
Milwaukee Gas L1st 4s.. 1927
Newark Con Gas g 5s.....1948
129
1951
1951
1952
1952
Gold 3%s
114%
110
J-J
1961 J-J
...1951 J-J
Extended 1st g 3%s
1st gold 3s sterling
Coll Trust gold 4s
99%
99%
99% Jan>lu
113
125
J
J
A-O
Coi A H V 1st ext g 4s.. 1948
Col A Tol 1st ex 4s .'....1955 F-A
Houst RAW Tex bee So Pac
Honst A TexCen See So Pac Co
J.J
gold 3*28
Registered
95 %
99
112%
126% 130
1999
1st
95%
95 % sale
100 % OCt 06
lstoonsolg4Hi8.1999
Registered
95% Sale
95 %
ousa
MISCELLANEOUS BONDS-Continued
4«as and Electric Light
Atlanta G L Co 1st g 5s...1947
Bklyn U Gas 1st eon g 6s.l945
Buttalo Gas 1st g 6s
1947
Columbus Gas 1st g 5s.... 1932
Detroit city Gas g 6s
192.-.
Del uas Co oou 1st g 6s...l9ie
96*4 218 94% 97%
94% 96%
95 %
98
100
Sep ’10
98% 99
125
*« 128%
125%
J’ly TO
124% 127%
132
Apr’01
1*0*3% *107%
i’05% 108** 106% Oct ’1U
108% J ’ne’u9
97 % i*o’6%
*97% »»• 97% Nov’10
Minn Union 1st g 6s..1922 J-J
Mont C 1st gu g 6a....1937 J-J
Registered.
1937 J-J
1st guar gold 5s
1937 J-J
Will A S F 1st
5s 1938 J-D
81%
May’10
127
64
91*4 bale
J-J
J-J
J
FPenn coil tr g 4s
50-year oonv 4s A ....1963 Ai-0
do
Senes B.1953 A O
Bud N 1 A Erie 1st 7s.. 1916 J D
Chic A Ene 1st sold 6s.. 1982 M-N
Clev A Mahon Val g5s.l938 J*
Long Dock consol g 6s.. 1935 ACoal A HH 1st cur gu 68.1922 MDock A Imp 1st cur 6s..1913 JN x A Green L gu g 66.1946 M-N
N Y Bus A W ist ref 6s.i937 J
2d gold 4 >38
1937 F
General gold 6s.
1940 Fi
Terminal 1st gold 6s. ..1943 M-N
Begia 36,000 each...1943 M-N
WLLk A Ea 1st gug 68.1942 J
fiv A Ind 1st con gu g 6S..1926
Registered
1933 J-J
gold 4s..1937 J-D
Registered
1937 J-D
K Minn Nor Divlst g 4sl948 A-O
Mont ext 1st
65
93
94*4
99
111*2 114
liJ
Registered
......1983 J-J
Reduced to gold 4%s 1933 J-J
6
13
29
Oct ’10
111*4 111%
122*4
1940 J-J
Gold 4S
1986 J
Det So—O b DlV 1st g 48.1941 M-S
Dal A iron Range 1st 6s.. 1937 A-O
Hegistered
.1937 A-O
2d 6s
1816 J-J
Del bbort lane bee Nor Pao
Dai bo bhore A Ati g 6s..1937 J-J
Lastot Minn bee St P M A M
Lliast Ten Va A Ga bee So Hr
Elgin Joi A East 1st g 6s. 1941 M-N
ElmCort&No Asel/ehANY
fine 1st consol gold 7s....1920 M-S
NY A fine 1st ext g 4s 1947 M-N
St Paul M A Man 4s.... 1933
1st consol gold 6s
1933
IS!
108 Hi
98 2 bale
93*8 94*2
4s....1939 J
Mgeund col trust 4sA.1949 A-0
Utah cent 1st gag 4s ol917 A-O
DeaMoi&FtD bee M A St L
Des Moi U u By 1st g 6s.. 1917 M-N
Del A Mack 1st lien g 48.1995 J
A-C
J.J
Sl-F
A-0
M-N
J-D
101
;oi
Apr’10
95% Sep ’ub
L05
Oct ’ li;
61 % Oct ’01
100
Oct ’09
102
Sep TO
97
•
•••
Mar’10
10 L
100% 103
Aug’lG
114
Oct TO
113% 115
fc8%
36%
86% Sali102 % 104
102% Nov L
100% bale 100% .100%
91
89
90H
Apr TO
•
3 105
106% 105 »4
60% Sep TO
’’'••mama
No prioe Friday; latest bid and asked this week,
_
A-0
Grand Hap A Ind bee Penn HH
Gray’s Pt Term bee St L S W
Gt Nor—<J BA Q coll tr 48 1921 J-J
Hegistered. A
1921
94 *a
67
120*b 118%Nov’10
Oot *10;
106
100
99
Oct TO;
192*8 FeO ’03!
100*4 102
Bio Gr West let g
»
88
AUinoia
Central 1st g 4s.. 1951
Registered.....
1961
101
Hegistered
to
©
bee sea A Line
89
63
AO
Improvement gold 5s... 1928 J
1st a refunding 5s
1955 F-A
Hio Gr Juno 1st gn g 6s. 1939 J-D
Bio Gr bo 1st gold 4s. ..1940 J
1st oousol gen lien g
S
^2 January l
bee Sea A Dine
Georgia Pacitic bee So Hy
Gila V G A Nor bee bo Pao Co
Gonv A Oswegat bee N Y Cent
..
Aug
121*4 125 Hi 119
70
J
91*4
91%
100*4
97*4
95*4
J
FA
M-N
J-D
93
90 •<
105 Hi
Apr
1916 J-D
1st lien equip g 4*as ....1922 J.J
ist Aref 4s
....1943 M-N
Alb A busconv 3%s
1946 A-O
Hens A Saratoga 1st 7s.l921 M-N
Del Hiv HH Bridge bee Pa HU
Denv A H Gr 1st con g 48.1936
Consol gold 4‘as
1936
registered
or
Last Sate
AefcLow
A-Oi 101
x
Week'e
Range
Nov 11
\Jiidu
Georgia A Ala
95
P5%
94 Hi Aug’09
91
Sep’10,
92 Hi Get TO1
91
Oct '07
96
Dec’09
90
May’10
95 Hi
94*s
89*4
58
A-0
10-yroonv deb 4s
Guaranteed
ttidav
Erie A Pitts See Penn Oo
Evans A T H 1st cons 6s. 1921
1st general gold 5s
1942
Mt Vernon 1st gold 6s.. 1923
Soli (Jo Branch 1st g 5s. 1930
Dak A Gt So bee CM A St P
•
Price
N. Y. STOCK EXCHANGE
WORK fiNDINO NOV 11
Ga Car A Nor
alias A Waco bee M K A T
Del Lack A WesternMorris A Essex 1st 7s...1914 M-N
1st consol guar 7s
1915 J-D
Hegistered
1915 J-D
1st ref gu g 3 %s..
2000 J-D
N Y Lack AW Ist6a...l921 J-J
Construction 5s
1923 FA
Term A improve 4s....1923 M-N
Warren 1st ref gu g 3 ‘as.2000 F-A
Del A Hud 1st Pa Div 7S.1917 M-S
Hegistered
BONDS
-
118
J J
M-N
M-N
Oin S A Cl con 1st g 5s. .1928
0 C C A 1 consol 7s
1914 J-D
Consol sink fund 7s...*.1914 J-D
General consol gold 6s. 1934 J-J
1934 J-J
Hegistered
Ind B1AW 1st pref 4s.l94o A-0
O Ind A W 1st pt 5s...dl93S
Peo A Hast 1st con 4s...1940
lnoome4s...
1990
Clev A Marietta bee Pen n Hh
Olev A Pitts bee Penn Co
Col Midland 1st g 4s
1947
Colorado A Son 1st g 4s...1929
Belund A ext 4 %s
1935
Ft W A Den C 1st g 6s..1921
Colum A Greeuv bee So Hy
Col A Hock Val bee Hock vai
ColATol bee Hock Val
Coi Conn A Perm bee N A W
Conn A Pas litvs 1st g 48.1943
Cuba BH 1st 50-yr 5 g....l952
freest
Price
Frida*
Nov 11
3* b
Uhio St P M A O—fCon)
Oh St P A Minn 1stg6s 1918 M-N
Nor Wisconsin 1st 6s... 1930 J-J
St P A S City 1st k 6s...1919 A-0
Chic A West Ind geng6s$1932
Consol 60-year 4s
1952
Cine A W Mien see Pere Marq
1313
Record—Continued—Page 2
New York Bond
1910.]
a
• •
*
*4%b*•
Due Jan
*i
i
i’07%
NYGELHAPg 5S...1948
J-D
Purchase money g 4s...1949 F-A
Ed El ill 1st oous g 5s..1995 j.j
100% 102%
102
102%
84%
85
84% bale
60% 67
110%1U% 110% Oct TO
UK)% AiarTu
N YAQE1 LAP 1st con g 581930 F-A “
101
97% J’ly’09
vo‘i ioi \ N Y A Rich Gas 1st g 58.1921 M-N
Pacific G A Eleo Co Cal G A E
92%
-ui‘% ib5%
92
92% 92%
corp unifying A ref 5s 1937 M-N
Peo Gas A C 1st con g 6s. 1943 A-0
116% 117 % 116% Aug’lc
L02
TO
Oct
102
lief unding gold os
M-S
1947
102
iui’% 103%
104% 104 Oct TO
Ch G-L A Cke 1st ga g 6s 1937 J-J
LOI % Oct To
97
Con G Co of Ch 1st gu g 5s.’3b J-D
97
100% 102
.00
94% Aug’09
90
Ind Nat Gas A Oil 30-yr 5s ’86 M-N 89
101
101
Mar’lo
110% 116
100%
Mu Fuel Gas 1st gn g 58.1947 M-N
lOO
F-A
99
102
Sep TO
86% 90
Philadelphia Co conv 6s ..1919
LOO % loo
98 ...... 98 Ang’lO
Syracuse Lighting 1st g os.’51 J-D
110
Mtoy'06
99
101
Trenton G A El 1st g 5s.,194b VI- b
93
Oot TO
91
92% Union Eleo LAP Istg6s.l932 M-S 100
•*»... ......
Westchester LighPg g 5s.l95o J-D 102%
......
6 Due Feb
dDue Apr
eDue May
A Due J’ly
k Due Aug g Due Deo
16
9
99% 103%
....
b7
80
UO
111%
1U0% 101%
••••••
4
....
....
91
116%
LOi%
102%
100%
LOI
99
98
••••«*
•
•••
....
93
100
t Option
93
119
104
104%
102
10i ’
105
100
*•••••
93
103%
bale
1314
New York Bond
Record—Continued—Page
Price
< v
Week’s
Friday
R iu
I
or
Last Rale
Since
c c
N. Y. STOCK
January 1
Plat1 No
97 I
ask Lou
Wkkk
Low High
94 V TOO
k
Si
97
A-O
98
1911 J-J
99
cons g
4s
mo g 3s
al989 J’ly
2d cons ino g 3s trust recta..
Mex In tern at 1st con g 4s.1977 M-S
Stamped guaranteed... .1977 M-S
Mex North 1st gold 6s....1910
D
Mich Cent Ree N 1' Cent
Mid ot N J
Ree Erie
MU L S A W Ree Ohio A N W
MU A North Ree Ch M A St P
Minn A St L 1st gold 7s..1927 J-1U
Pacific Kx 1st gold 6s...1921 A-O
South West Kx 1st g 7s. 1910 J-D
1st consol gold 5s
1934 M-N
1st and refund gold 4a..1949 M-S
Dee M A Ft D 1st gu 4a...’35 J-J
Minn A St L gu Ree B C R A N
M StP A S S M con
J
g 4 int gu ’38
M S S M A A 1st g 4 int
J
gu 1926
Minn Un Ree tot P M AM
Mo Kan A Tex 1st g4s...l990 J-D
2d gold 4s
0x990 F-A
1st ext gold 5s
1944 M-N
1st A refund 4s
2004 M-S
Gen s i 4 V*
1936 J-J
St L DIV 1st rei g 4s
2001 A-O
Dal A Wa 1st gu g 6s...l940 M-N
Kan C A Pao 1st g 4s...1990 F-A
Mo K A K 1st gu g 5s...1942 A-O
M K A Ok 1st gu 6s
1942 M-N
M K A TolT 1st
gug6s. 1942 M-S
Sher Sh A t>o 1st gu
g Ss.1943 J -D
Tex A Okla Istgug6s...l943 M-S
Mo Pacific 1st con if 6s ...1920 M-N
Trust gold 5s stamped.al917 M-S
Registered
al917 M-S
IstOoU gold 5b
1920 F-A
40-year gold loan 4s
1945 M-S
3d 7s extd at 4%...
1938 M-N
1st A ref eonv 5s
1969 M
Oeut Br Ry 1st gu g 48.1919 F-A
Cen Branch U P 1st g 4s. 1948 J-U
Leroy A C V A L 1st g 6a 1926 J-J
Pao R of Mo 1st ex g 4S. 1938 F-A
2d extended gold 5s...1938 J-J
St L ir M A togen oon g 6al931 A-O
Gen con stamp gtdg5s!931 A-O
Unified A rei gold 4s..1929 J-J
RiV A G Div 1st g 4s.. 1933 M-N
Verdi V i A W lstg 68.1026 M-S
Mob J A K C 1st cons g 5s. 1953 J-J
Mob A Ohio new gold 6s..1927 JO
1st extension gold 6s.. A1927 V-J
General gold 4s
1938 M-S
Montgom Div 1st g 6s.. 194 F-A
St L A Cairo coU g 4s..el93o
Guaranteed g 4s
..1931
MAC coil 4s Ree Southern
Mohawk A Mai Reels 1 C A ti
Monongaueia Riv Ree BAG
Mont Cent Ree St P M A M
Morgan’s La A T Ree to P Co
Morris A Essex See Dei LAW
Nash
Chat Agold
St. L5s1st 78.1913
1st consol
192a
j
A-O
Jasper Branch 1st g 6s.. 1923 J-J
Mom M W A Ai 1st 6s..1917 J-J
TAP Branch 1st 6s....191". J-J
Nash Flor A tolief Ree LAN
Nat Rya of Mexpr 14 Vs 1957 J -J
Guar gen 4s
1977 AO
Natot Mex pnor nen 4 4*8.1926 J-J
1st oon sol 4s
1951 AO
New HAD ReeH Y N H A li
N J Juno RR Ree N Y Cent
N Y £kin A Man Boh Ree L 1
N Y Cent A H Riv g 3 Vs. 1997 J-J
Registered
1997 J-J
Deben g 4s
1934 M-N
Lake Shore coll g 3 Vs...1998 F-A
Registered
1998 F-A
97
Apr'05
07
104
99
08%
99*4
>■•••••
••••••
>•••••
••••••
NovTO.-..
99
74*4
100
97
97**
97 *a
85
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98
Nov ;u
105
91
J’ne’10
Oct TO
lio% 110V Get TO!
107*4 109
106V 106V
102
106*4 102
I02
100
109
104
104
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107*4
105
100% 110
101*4
101 \
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100 V 102 V 100 V
77V
77V
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105
107
108
111
101V
100
102V
Mar’lo
92 V
87 v
110
77V
41
b6
luU V
90
110
106*4
8a%
May’08
Get TO
86
82*4
87V
1*0
93 V
87 V
31
•Nepnee Friday; latest bid
96 V
00
Oft
82
85
87V 92
86V 90V
92
0&V
79V 82V
78
80 V
■*7*7*‘
78
76
76
107% Dec’04
Sale
104% 106
104% 106
I06
103
06
and asked,
07
83
78
102
104% Oct TO
104% 104 V
110
100
87
96
aline Jan
Jan’09
83
90
101
96V
82 V
07
6 Due Feb
91*4
J’ne 08
09*4
134
134V 134V
lOlVSaie 101
09%
121
L12 V
107
V
100V
124V
12l
37V
-
••••*'
128
121V
08
sale
02
V **ie
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86 *u 80
06
V
Sale
100
92V
71V
V'F
66
J-D
M-S
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...
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...
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87
89
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100
97 V 100 V
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15
90
02
99 V 102 V
1
..
100
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02 V
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Dec ’00
100
J-J
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salt
96V
00*’ ’*99**
Doc’00
01V Oct TO
101
xUl V
10iv Bale
100
110V UOV
Jan To
01V
100V
-----
91
112
05*4,
134V
06V100V
130*4 135 V
lUiv
06 V 103 V
112 V116
Oct TO
Aug’o0
06V Nov’ 10
101V 2 ne’06
06
101
May’10
126 V Sep TO
98
100
..
101i
123
126*
126
nai’io!.... 124 V 126*
123
May’10'.... 123 124*.
08
09
I 36 06 V100
07
Apr’lu.... 97
07
02 V
02 V'
0
91
03«1
09 V
10UV258 94V1U8*
88
88
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6
86V 90*
106
Apr TO1.... 104V106
96
NerTO ....» 04
96“
99 V
100 V 23
99V Oct To!....
7IV
71VI 20
-70
97
99
Sep TO
JVlarTo'....1
Fen’io....
....
116 V
1U
116 V
1
99
102 V
98V 101
69V 74
6J
72 V
96V
97V
00
00
116VU8V
FebTuj. ...!llT 117
107 V
110
J’neTo:. ...jllO
HO
102 V 103 V 103
Oct To!
...,IU3 103%
02
83
06V Apr’10 ...' 06V 07V
02 V NovTui. ...! 02V
91V
92V
111 V Noy’lO'
111V
lioviii v
.
...
Ulna A W Ree C C C a tot L
Convertible a. kVa.......1916
Consol gold 4s
1948
Aiieg Vai gen gu g 4s... 1942
D R R R A Bgelst gu 4s
g.’36
J-D
M N
M-S
F-A
Pluia Bal A W 1st g 4s..1943 M-N
Sod Ray A too 1st g 6s... 1924 J - J
U N J RR A Can gen 4s.1044'M-8
Penn Co—Guar 1stg4Vs. 1021'J-J
Registered
1021 J - J
Goal 3 Vs coll trust reg. 1037 M-S
Guar 3 Vs coll tr ser B...1941 F-A
Tr Co oertiTs gu g 3 Vs. 1916 M-N
Gu 3 Vs tr ctfs C
1042 J -D
Gu 3 Vs tr ctfsD
1044 J-D
on
104 V
10T78 104 V
102
104 V
102 V
AugTO...J 102
110
lO9V«*an’U0
•!
102V Get TJj
.102V
98V
08 V 32 i 97 V
08*4
05 V. otue
0o V
96 377! 04 V
1U3
103 V 103
103V 13 10IV
100
Oct To! „j,102*4
108V
103 V
94 V
101»*
102
oau’031
103 V May
TO;”” 103
88V
88V
97 V
88V
102
07 V
104 V
102%
103 V Dec’00,
100
108
102
106
104
104V 104% Oot TO
103
106
iu3V FebTOL... lUw*4 103V
00
AugTO....
90
98*4
88% Got ’'O
89V
87
00V
01
.i
93
08
00
S8
7
AugTO!....
Deo'001....
00
01V
98V
90
Next Page
Allis-Chalmers 1st 5s
Am Ag Chem 1st o 5s
Am Cot Oil ext 4 Vs
Am Hide A L 1st sf
Amer Ice Secur deb
Am Spirits Mfg
1st
1936 J-J
1928 A-O
1015 V-F
g6s.. 1919 M-8
g6s.. 1926 A-O
g 6s.. 1015
Thread 1st ool tr 4s..1019
40-yr g 6s.... 1944
4a
1961
Beth Steel 1st ext st 6s.. 1026
lent Leather 20
year g 6a 1025
nns 1 Tobacco g 4s
1951
Ooru Prod Ret s f g
5a.... 1931
1st 26-year si 6s
1934
Am Tobacco
83
7 102
104 V
103
107
88 103% 107
ioo“ ioo”
Jan TO
Aug’00
99
08
90
87
100
ino Riv RR Ree salt A C
Ore A Cat Ree So Pao Co
Ore Short Line Ree Un Pao
Oswego A Rome Ree N I C
Lmc Coast Co 1st g 6s....1946 J-D
A ao ol Missouri Ree
Mo Pao
Penn RR 1st real eat
g 4s. 1923 M-N
Consol gold 5s
1919 M-S
Consol gold 4s...........1043 M-N
Convertible g 3 Vs.
1012 M-N
am
Jme’10
Fek’07
108
V
98 V
90
02 V
02
05 V
-ttoauiacturing Si Industrial
90
06
93
70
'*9*0* ioo* 102% Apr’06
107
May *9 7
"0*7* ioo* 105 V Dec *06
86
110 V Oot TO
110
ue’U6
08
97*4
gold3s....a2o47j V-F
2d
92 V
99VNov*09
00
00
06 V Oot’lC
96 V J’ue’10}
98%
98 V
109V 113
108V-07
93 V
93 V
102
Get ’07
J.J
J
19971V-J
5s
.....1917
1st consol gold 4s
1968
Wash Cent 1st g4s......l948
Nor Pao Ter Co 1st
g 6s..1933
Nor Ry Cal Ree so Pao
Nor Wis Ree C tot P M A O
Nor A Mont Ree N Y Cent
iUlHCELL iNEOUS BONDS—Continued
Buff ASusq Iron s 16s....1932 J-D
Debenture 5s
a 1026 M-8
a A x Co gen
Big 5s.. 1943 FA
Convertible deb g 6s....1911 F A
Ool Indu 1stA coll 5s gu.. 1034 F-A
Contin’tal C lsts 1 gu 5s g.1952 F-A
Gr Riv Coal A C 1st g 6s..1910 A-O
Jeff A Clear C A 1 lstg fts. 1926 J-D
Kan A H C A C 1st s f g 6s. 1051 J-J
Pocah Oon Collier lsts f 5a*57 J-J
Sunday Creek Co g 6s....1944 J J
Ten 11 Coal gen 6s
1051 J-J
Penn Div 1st g 6s
al917 A-O
Birm Div lstoonsol 6s..1017 J-J
Oak C M Co 1st gu g 6s. 1022 J-D
Do Bar O A 1 Co gu
g 6s.l01l> F-A
Victor Fuel 1st s I 6s
19ft3 J-J
Valron Coal A Ool at g 5s.1040 IM-&
120
107
118
95V
100V 102V
V
91V
100
Deo’09
130 V J »fi’00
.....
121V
09 V
Ob v
Nov' 0
109
gl992 M-S
Registered
....o*2047
St Paui-Dul Div
g 4s....1996
Dul short L 1st
gu 5s.. 1016
C B A u coil tr 4s Ree til
Nor
Coal and Iron
C01
100
80 V
90V NovTO
03
110
10IV 102 V
80 V Oct TO
93 V
93 V
Ree x\ Y C A H
Registered
General lien
96
106V UOV
108 V 110*4
H6V 116 V
88V 15
88V
8t>v J’ly to
93*4
93 V 13
80%
80V ft2|
80 V Oct TO
97
88 V
93 V Bale
80 V Bale
7*
79 V
81
94 V
100*4 104
1U0V ®°P '10
83 V 84** 85
Get TO
88 V Sal©
87 V
86 V 00
Lu7
109*8
94 V
94%
90
Oot TO
90V
95
86
114V117V
116V Nov’lO
117 v Alar'05
113
J’ly’04
94 *4 Bale
lloV
112V
J-O
A-O
A-O
M-N
J-J
Norui Ohio
Nor Pao—Prior lien
g 4s.. 1997 V
-*
96
91V
100
....
92
M-N
A-O
M-S
’y’b'v
104** iiii*
....
88V 90V
93 V bale
93st sale
see Chi A N W
Ree L Erie A W
102 V 102 V
106V Nov’10
......
-
5:?
A-O
A-O
lyyo A-O
DivV 1st 1A gen
g 4a... 1044 J-J
10-25 year conv 4s.... 1932 J-D
Pooah C A C joint4s.. 1941 J-D
CCA T 1st gu g 5s
1022 J - J
&cio VANE 1st
gu g 4s 1980 M-N
96V 100V
’10
76
94 V
9b
106V
100V
116 u
106 V
Dec’03
V°ct ’10
100
00
88
02
02
New River lstg 6s
1032
N A W Ry 1st con
g 4a. 1096
1 ilo
113
22 104 V110
86*4 Cct ’10
100V
*09V
80
94
y8
117
114
b0
Oot *10
ftiky’io
Arar’06
bo1* Get To
HO** HO**
107*4 107 V,
111
Sep’09
84 V
a4‘6
*4%
84V
102 v •Ihfi To
117 V 121
114V11&
100
lstg 48..#1902
93 V
95 V
....
00V 90V
100
102V
76
81V North Illinois
i**ov
03
06V Oct To
i31**i Jan ’00
Registered
Sep To
Get TO
03V
03
93
b6 7g
10bV
100V106V
98 V
08V 99V
A-O
M-N
M-N
Riga
82 V
79 V
03*4
Apr’00
J-J
Ree NY C AH
N Y A R B Ree
Long Island
N Y to A W see Erie
N Y Tex A M Ree So
Pao Oo
Nor A South 1st
g 6s
1941 M-N
Norl A West gen
g 6s
1031 !M-N
improvem’t A extg 6s..1934 F-A
105
93 V
113
07
lUOVllbV
J.J
J-J
J-J
6s..1937
oon cy 5s. 191b
RYA Put
78V 85V
90V
Apr’09
oon g
Regia $6,000 only
106
83 V
X
^ Borby
A North
N Y G A W ret
87V
100
lu6
00
106
18 103
06V Nov’09
8ait
93
92 V
83 V
N i
1
lu
6 1 '*
Apr '09
Housacomc R
96 V 100
82
*i
103
88
81V
91V
00 V 100
98 V 98 V
12
96 V
I06I M-S
£
7i*V
98 Te J’ne’10
106
Gel '02
03
AugTO
108
Get 00
1040 J • J
3 Vs
195a
20-year deb 4s.1020
Bat c * totur 1st
gu g 3s. 1089
N Y Chic 3b tot L 1st
g4s 1937
Registered
1937
Debentures 4s
1931
West Shore 1st 4s
gu...2361
Registered
*301
v- ^ Greeuw
Lake
Ree Erie
N Y A Har Ree JN
Yu<fc Hud
NY Lack AW Ree D
LAW
N 1 L e A W bee Erie
H Y A Long Br
Ae«CentolNJ
N Y N H A H—Conr
6s.. 1948
Conv deben 3vs
I066
131
67 V
87
98?JaaTo
85J<
02 V
Registered
102V109
73
97 V
KaAAG R 1st gu 068.1938 J-J
Mahon C*1 RR fst 5a.. 1934 J-J
Pitts 3b L Erie 2d
g 6s.al92»' A-O
J^oK* Y 1st gu 68.1932 J J‘
p^**
2d guards.....
J
:...1034
J
B V 1st g 6s 1918
Mich CentA
fts
1931 M-S
J£*
1st g
1st g&3$Vs
78
.
1997 J-D
1928 M-8
1031 M-N
1031
Low
i’6
e
*9*4 v ioii”
Due
^
Cuban-Amer Sugar coll tr 6s T 8
M-S
J-J
A-O
F-A
4 -J
A-O
F-A
M-N
M-N
A-G
Distil •■-ec Cor conv 1st
g 5s.’27 A-O
E 1 duPont Powder 4 vs.. 1936 J-D
May g Due J’ne A Due J’ly kDue Aug
o
1
.
gold 3 Vs....1097 J-D
Registered
80 V
80V
79 V Aug'lu
08
Oct TO
102
Mai ’04
107
P tL0a<& Blk Riv FU g 48.1922
Registered
Debenture g 4s
25-year g 4s
80 V
Rian \o
10/
107
105 V 105
Jan ’08
163
104
J'ue’iO
05
102 V Feb TO
82V 84V 84
Oct TO
j ne’oy
02
115
J’ue’00
125
Feb’08
F-A
M-N
J-J
Lake Shore
Law
,
Since
January
Jc
ASK
98 V
98 V.
loo V
84 V
J-J
gu g 5s. 1916 A-O
Greek reg gemr 6s. 1932 J D
W<&Oeon Istext5s./il022 A-O
4*--
ioo v i’oT’
97*4 SeP *19
97
b43.
102*4 ld3V 103
80 *4 8x%
81 *4
85
8ft
86 V
80%
131
Mario
Bale
ioo
*99 V
F-A
F-A
J-J
J-J
0-^0®*
....
May’10
Jan’07
73
87
87
94 V
tiia
Range
Range
Nov 11
g ft*—«1915
“
WA U 1 R 1st
gu g os.1918
Hutlaud let con
g 4 Vs.. 1941
OgALCham 1st gu 4s gl948
Rut-Cwiad 1st gu g 48.1940
9
Adir latF ft»- 1996
96V 99
27V 31V
....
100V J’ly’io
1U7
Cct TO
108
72
98 V
....
131
118
10L
98 V
Mar TO
75" *7*7**
Feb’08....
May TO
100
100
77
80
100
180
14
ending nov U
v
R
Week’s
or
Last Rale
Friday
£™v*G*W«astlpig68
£
f- **
g 3 Vs...2000 M-N
A-O
£ £« ft*...1927 A-O
K?181 oon g 4s 1993
nor ^
A Mont 1st
....
98%j 7
3 i 7. Hay’LO
2ft V Apr'09
76
n
j
97%
Price
EXCHANGE
A-O
J-D
1942 J-D
Mefe * Mad 1st gu
M-8
g 4s.. 1991
R FU 1st 4s...1036 F-A
/SOCIAL
Registered
1990 A-O
Stmpd tax exempt.. 1990 A-O
MoK’ptA B V Reels 1' Cent
3-2
N Y Cent A H
u—<Xon j
Mich cent coll
g3 Vs.... 1998
Keaistered
1098
Beech Creek 1st gu
g 4sll936
Registered
1936
2d gu gold 5s
1936
Beech Cr Ext lata 3
61051
Vs
Cart dfc Ad 1st
gu g 4a...l98l
M-S
96** 867e 96%
M-S
M-S
101% Dec’OS K Y B A M B 1st con
g 6s1935 A-O 103
110*4 Nov'ueN Y & K B 1st a os
106
1927 M-S 101
Apr’07 .
NorShBlst con ggu5sol932
101
109
Nov’96Louisiana A Ark 1st g 5s.1927
95
97
Nov’OR.
tiouiav 4b Naanv gen g
115
J-D
115V115VOotT0 ds.19.so_
112V U6V
Gold 5s
113
OCt’101937 fM-N
112V Pli4
Unified gold 4s
1940 J
98*4 Bale i 98
*«%( 39 96V100V
Registered
1940 J-J
100
May'dii.
Sink fund gold 6s
100 V Dec *09 .
1910 A-0
Coll trust gold 5s
M-N
108
1931
107*iiSepT0107
110
E H A Nash 1st g 6s.... 1919 J-D 112
115
Get ’10 111V 116
L Cin A hex gold 4 Vs... 1931 M-N
i l>4 **106
105
Oct ’10 i03
106
NOAM 1st gold 6s....1930 J-J
121
'124 Mar’10 125 V
124
NOAM 2d gold 6s
115
1930 J-J
1184>No?’10.
iibvnsv
Pensacola Div gold 6s... 1920 M-S 105*4 111 :lb6V
105 Si:
106V 110V
St A, Div 1st gold 6s
113
113
1921 M-S
Sep’10113
114
2d gold 3s
68
71
May’69 1980 M-S
Atl Knox A Cm div 4s..1955 M-N
96 V 93 H. Sep ’10 91
05 V
Atl Knox A Nor 1st
10i*«
116
J iy 06 .
g 5a 1940 JO
Render Bdgeletsfg6s. 1931 M-S 107
Jan’091110
04% 95**) 95
Kentucky Cent gold 4s.. 1987 J-J
96 |
94V «'«V
LAN AM AM lstg4Vsl945 M-S 102
105 V102
Sep’1C
102
105 -x
LA N-South M joint 4s. 1952 J-J
91
89 V 92
90s4 Get TO'..
N Fla A 8 lstgn g 6s...1937 F-A
106
J061* AugTol..
106 V HI
NAC Bdgegengu g44s 1945 J-J
98
Pens A Atl 1st gu g 6s..1921 F-A 100*4
HO** Oot ’Jo'.
liOV uov
SAN Ala con gu g 5s.. 1936 F-A Ib9% 114
110
NovTO100 V 114
LA Jell Bdge Co gug 4s.. 194 5 M-8
94
Oct TO bbV 92
Mahon
CoalRySee
LSA
MS
anhattan
consol
4s. 1990
■V
BOMIH
Range
«
g
Range
Nov 11
Umg Island—{Con)
Guar ret gold 4s
1949
BkiynA Mont lstg6s..l011
1st os
i9ii
MexCent
1st cons
iixxxxn
■
BONDS
N. Y. STOCK EXCHANGE
wrkk ending nov ll
LNAACh
[Yoi*.
3
■3
77 V Sale
102V103
98
93
66 V
07
98 V
94
72
98
77 V
102 V
77V
102V
08V
08 v
04
94
66 V NovTO
Oct TO
101
93
Oet 10
91V 93
106% sale 106*4
80 V 80 V 80 V
86
Sale
00% San.
80%
06% 96
93
05
05
97
76 V Sale
84
86
Due Oot
107
80V
86 V
9d»«
86
09%
80 V
96
95
80 V
96 V
95
22
7ftV
»Due Nov
77
02
102
66 V 78%
04
101
80
93
46 104 V 109
134 76V 88%
10
83 V 89
88 07
102
16
76.V 88%
93
•7
98%
435
JTyT0|
q
84%
If
90VJTyTO
8ft
72
8 100
108
1
93 V 08%
Due Deo
96
87
88
f Flak
9«%
•7
77 ;
Not.
New York Bond Record—Page 4—Concluded
121910.]
*3
HOM»s
to-2
X. Y. STOCK EXCHANGE
wkek Kt*DtN« not ll
So
h
Penury tvauia Ce—f Con)
Guar 15-26 year g 4s.....1931 A O
Cl A Mar 1st go g 4 ms.. 1935 M-N
Cl* Pgengug4ms8erA.’42 J-J
Senes B....
....1942 A-O
Senes O 3 ms
1948 M-N
Senes D 3‘as.
.....1950 F-A
Erie A Pitts gu g 3ms B. 1940 J e
Senes (J
1940 J-J
Gr U A l ex 1st gu g 4 ms1941 J • J
Pitts Ft W A C 1st 7s...1912 J-J
.1912 J-J
2d7s
3d 7s
A1912 A-O
Pitts YA Ash 1st eon 5s.1927iM-N
POC A St LgU 4m» A...1940 A-O
Senes B guar
1942 A-O
Senes C gear
1942 M-N
Senes D 4s gear
1945 M-N
Senes B 3*9 guar g....l949 F-A
Senes V 4s guar ......1963 J-D
C St L A P 1st eon g 5s.1932 A-O
Pensacola A Ati See L A Mash I
Peo A East See C C C A St L
Peo A Beit Un 1st g 0s....1921 Q-F
2u «rolrt 4 m*
61921’ M-N
Pere Marquette—Hef 4s.. 1955
Clide W M 5s
1921
Flint A P M g 68
1920
let consol gold 5s
1939
Ft Huron Div 1st g 5s. 1939
*
-
Bag Ttts A H 1st gu
Phil B A W
g
J-J
J -O
A-O
M-N
A-O
mot
triHay
Nov 11
Bta
Woe#t
Range or
Range
Last Sale
January 1
AM Love
98
110
100*0
103 m....
....
..ll...
....
..!»
.J
lotm
107
109
....
....
Oct ’08
May’10
107H 107m
103
ioo** ioo"
l«i7m
4 107
Oct'10
loom sep 10
98m<>ct ’10
94 m 94
J’ly’lu
93
39 m
..
107m
..las m 107m
loem 100 m
97 m 98*4
94
94
j
i 12 m Sep'10
112 m
io7m....
90 m 99
112
96
91
"
101
iVi m m m
Feb'10
Oct '10
10im 104
losm
losrn usm
101
Sep Mo
103m Sep *10
108m 101 Aug’lO
loom 105 Oot’10
102
103
Mortgage gold 4s...... 1945 J-J
J-J
A-O
M-N
So Car A Ga 1st g6s....l919 M-N
Virginia Mid ser C 6s...1910 M-S
70m 79
100
101
101
Series D 4-5s.......... 1921
Series E 5s
1920
General 5a
.....1930
Goar stamped
1930
W O A W 1st ©y gu 4s..1924
WesFN O 1st eon g0s..l914
SAN Ala See LAN
102 m
101
106
48.1931 f-a
See Penn KB
Philippine By 1st 30-yr s 14s*37 J-J
Pitts Cm A St L See Penn Co
Pitts Cleve A Toi see B A O
PHts Ft W A Uh See Penn Co
Pitts McKees AX See N Y (Jen
Pitts Sil A L E 1st g 6s...1949' A-O
1st oonaol gold 5s
.1943 J-J
Pitts A West See B A O
lleadmgCo gen g 4s
1997 J-J
H Registered.
1997 J-J
:
Jersey Cent coll g 4s... 1961 A O
89
88
89m^’l7'10
88
112m...» 112m*rot'10
93 <b J ly ’97
QHL. 4a1 *
98m Sale
not.
98
98
98m
Sale
97
Sale
73
9«m
97
95
3
97m
97
90
Spokane Internal 1st g 6s 1965
for A Of St JU 1st g 4 ms-.1939
11st eon gold 58....1894-1944
Gen refund s f g es
...1953
St L M Bge Ter gu g 58.1930
112m
112
OHS.
8
Tex A N O See Sb Pao Co
Tex A Pao 1st gold 6a
2000
2d gold inc 5s
...o20UO
La Div B L 1st g 6s
1931
100
98m
96
WMin WAN Wist gads 'JO
Toi A O O 1st g 6s.........1936
Western Div let g 6s...1935
General gold 5s
1935
Kan A M 1st gu g 4s....1990
Toi P A W 1st gold 4S....1917
Toi St LA WprUeng3ms.l925
98m
Bonsseiaer A Sar see DAM
Rich A Dan see South By
Bleb A Meek See southern
Bio Or West See Den A Bio (Jr
Booh A Pitts See B BA P
Tus A H See Pere Mara
OtJoAGr isl 1st g 4s...1947
J-J
Bt L A Cairo See Mob A Ohio
St L A iron Mount See M P
Bt Li M Br See T BB A of St Ll
Bt LOUIS A 8 F—along 08.1931 J-J
l General gold 5s
1931 J-J
\ St L A S F BB eons g 48..*06 J-J
Gen 16-20 yr os
1927 M-N
1
Souther Drv 1st g 6s..1947 A-O
Refunding g 4s........ 195L'J-J
5 K C Ft S A ll eon g Os.. 1928 M-N
K C Ft S A M By rel g 4s 1930 A-O
f
K C A M B A B 1st gu 6s.1929 A-O
Os'rh A Ch c 1st gu 6s g.1913 A-O
Bt Louis So see Illinois Cent
M-N
StLbW 1st g4s bdotls. 1989
2d g 4s ins bond otfa...pi989 J-J
>
Consol gold 4s.
1932
Gray's Pt Ter 1st gu g 6s 1947
St Paul A Dui See Nor Paciho
Bt P Minn A Man See (it Nor
St PA Nor Pao toe* Nor Pao
E* N P 1st sins t g os.1019
tPAS'xCity BMCStPM AO
A A A Pass 1st gu g 4s... 1943
AU-Birm
r
3u-yrist
g
cbtf cent 1st oon g 4s...1949
Fla Con A Pen 1st g 6s.1018
;
1st land gr ext g 6s ...1930
Consol gold 6s
1943
Ga A Ala By 1st oon 5aol945
Ga Car A No 1st gu g 6s 1929
seab A Boa 1st 6s
1920
Sher Stir A so see MEAT
Sil spec* AG See Ati Coast L
Southern Pacific co—
Gold 4* (Cent Pao ©oil). *1949
:
Registered
:
»
J-J
J-J
J-J
J-J
J-J
J-J
J-J
J-D
*1949 J-D
•
20-year eonv 4s
pl929
i
Cent Pao 1st rei gu g 4s 1949
l
Begutcreu
1949
Mort guar gold 3 ms..*1929
Through bt JLi 1st gu 4s '54
M-S
F-A
F-A
J-D
A-O
GHASAMAP 1st5s..1931 M-N
i Gila VGAN 1stgug6s. 1924 M-N
:
;
•
l
P:
i
:
;
l
[
f
:
}
f
Hous E A W T 1st g 58.1933 M-N
1st guar 6s red.......1933 M-N
B A TClstg 6sintgu..l937 J-J
Consol g Os int guar...1912 A-O
Gen gold 4s int guar.. 1921 A-O
Waco A N W (liv 1st g 6s ‘30 M-N
A AN W 1st gu g 6s....1941 J-J
Morgan's La A T 1st 78.1918 AO
1st gold Os
1920 J-J
Bool Cal guar g 6s
1938 A-O
Ore A Cal 1st guar g os. 1927 J-J
Bo Pao of Cai—os a a 3.1912 A-O
1st gold Os
1912 A-O
1st oon guar g os
1937 M-N
B Pao of N Mex 1st g Os..1911 J-J
So Pao Coast 1st gu 4s g. 1937 J-J
TexA N CSabDi v 1st g Os. 1912 M-S
Con gold 6s......
i
120
107
92
90
68m Mlt
99 m
Bom sale
nom
117
78m
100
Sep*10
....
93mAu8’10
90 m Sale
78
80
76 m Bale
95
90 m
80
iosm
1st A ref 4s.
9Lm
Ore
96m
91m
10
76 m
76 m
10imAPr’<"
20
Not'10
F-A
J-J
A-O
J-D
Mar
J •J
FA
J -J
A-O
.p2008,M- S
By A Nav oon g 48.1940 J -D
Registered
Utah A Nor
*87**
1920 J-D
geld 6S..1920 J-J
1943 J-J
85
sem
104
89
72 m
S4»4
92
103
91
iuim
101m
io.m
loom
sem
10
ssm
83m
J-J
let cons 60-year 6a...... 1068 A-O
abash let gold 6S.....1039 M-N
2d gold 6s...........1939 F-A
Debenture series B .....1930 J - J
1st Ben equip s fdg 6s.. 1021 M-8
let Hen 50yr g term 4s.1054 J-J
let rel and ext g 4s ....I960 J-J
Det A Oh Ext lstg 6s..1941 J-J
DesMom Dir Istg4s..l030 J-J
Om Div let g 3ms
1041 A-O
Toi A Oh Pit let g 4s... 1941 M- 8
Wab Pitts Term 1st g 4s. 1054 J -D
Trust go certfs
2tt gold 48...
.1964 J -D
Trust Uo certfs
Warren see Dei Lao A West
Wash Cent See Nor Pao
Wash CAW See Southern
Wash Terml 1st gu 3 me.. 1945 F -A
West Maryland let g4e...1052 A-O
Gen a conv g 4s
..1952 A-O
Trust Co certfs....
WVaOentA P lstg6s 1011 J-J
WestN YA Pa Istg5s..l937 J-J
w
aim 86m
99
loom
7sm
87
69 m
80
7**4320
Oct 'lO
Oct 10
....
9L
Apr'io....
103
92
103
III!!! ibom Msy’io!!!! ioom i’oom
loom
104 m
93
92
104 m
Mar’10
iu4
100
j’iy;io....
Apr'10
92
92
91
*97 m toaie
92
Oot'10
*96"
104m
100
106
20
J'ne’io
Sep *10
loom lo7m
104m »ep *09
91
109
88
loam ibsm
112
ioo"
ioo
i07m
loom
100
84
93
too*,, 110m
iiom 119*4
:!!*. i’t*5** U5
110 m
seu'o7
102
1V4
......
Horn
J•J
Telegraph and Telephone
Am Telep A Tel ooll tr 4s 1920 J • J
convertible 4s
Mich State
1030 M-S
Telep 1st 6s ..40^4 F-A
Y Telep 1st A gens f 4 ms. 30 M-N
Puc Tel A Tel ist 6s
i.J3 7 J-J
Weet Union col tr our 5s.1938 J - J
Fd ana real eat g 4ms...I960 M-N
Conv 4s, Senes A
1036 M-N
A
ibom ib’i*
J’ly09
U/l '§ AM/ XU
loim^ey’io
loom...... 102
J -J
SupA DuidlvA term lst4s*30 M-N
ibo’* ib*6*
J'ne’io'
Gen gold 4s......
1043 A-O
income 6s
41843 Nov
West No Car See South By
t
Wheel’* ALB 1st g os...1020 A-O
Wheel Div 1st gold 5s.. 1928 J-J
Ex ten A Imp gold &B...103O F-A
BB let oonaol 4a
1040 M-S
20-year equip s f 5s ...1022
Wilkes A Bast See Brie
Wii A Sioux F See St P M A M
W is Cent 60-yr 1st gen 4s 1949
*92*“ ‘»b*m
ioomoot'10
90
89
96
80
91
92m 100 m
94 m 98m
97
97 j
87 m 90m
91 m 94
ibsm ibfi m
lOimJ'^’os
114m Dee '04
116
May*07
102
102
...
103m 189
106 m May'oy
103m Aug’lO
104 m 100
109 m Horn ioomNov’i<>
log m 110m 109 m N°T*U9
93 m 90 m 92
Aug 10
113
lid
119m Mar*lo
102
io7mJlkU 09
116
116
uot'io,
110
iiom^ot 10
104 m
104
104
«6m 625
b7
9«m
y<at 30
97
Feb’lo
90m uul *10
pom Sale
Sigfi Ho
95
109
110
76
80 m
108
86
108
03
82 m
May’09
70m
761, Sale
86
90
108
86
103
85
100 m
80 m
82 m
Since
January l
94m
107 m
107m Sale
Range
O 0
Love
Low
....
97
1
Oct *10
1?
Sfc
93
93 m
82m
100
110
80 m 87
Sep *10
Oct
Htga
49
93 m 96 m
12 103m 1 urn
10
sep »08
Sep’i
Get
’IQ
82m
....
7U
100
100 m
100 m
Feb’lo
ioom 107 m llo
110m 111
110m mm
101
106
Feb’lo
67
06
Nov’uy
i’is"
113
113
1100 m 100m
..100
110
3 109
114m
..1,100
106
110
..’114
irf
110
io7"m
115m Ayr’06
82
Xov’OS
106mGet ’10
105
105
75
Oct ’08
iosm
7o
104
^
104m
70m
loom
Oot
2 mm uam
IQ
112
OCt *00
108 m Deo ’00
105m
lodm
106 m
107m Deo'00
lOSmJ’ty 10
105 m
105 m
86
01
105m 100m
loom May’10
104
108
93
107
106m 100m Sep ’09
100
104m Ooi 'IQ
109
Aug’lO
97 moot 10
109
109
May’10
uomnom 110m
65
98m
70
iosm 107m
103m 107
84
87
lOimsale
101m
IOO
lOo m sale
00m mue
00
100
05
75
83
......
80
80m
96
109
70
112m
09
104m
94m
oom
Oct ’10
Oct 10
J’ne’10
J’ne’io
cot ’00
92
03 m
37
70
som
87 m
90
81
too
iofm
42
lu5'«
44*0
«0m
22
86m
9i
100
"00m ioT“
osmioim
lsi li&
04m
00m oot 10
114m 115m ii4m not’xo
inmAi2
03
skle
7q
100
Aug’lO
oom
98 m
109 m
iosm 11am
nom
Mar’10
Oct '10
91
loem
loim iot m
109
item
Sep '00
Nov’04
ibfm ibiTm 107 m OCt '10
106
mm 112 oep'UU
101m L03 101m 101m
89
04m Mar’lu
93
91m
*
Sep’to
87
77
83
80
103
80
105m
105 m
91
105 m
103
100 m
88
107m
i*02** *1*04*“
Feb’lO
104
116
105
io3m oet ’10
iu&m
103m
08 m
usmiif.
ioam 113m
111m
93 m 61 91
04m
mm
02m
94
Jan ’00
107 m Dec *09
ibi”!!!!!!
98
90
Apr’10
110m 105
Ply'10
105
Oot'lu
100
94
107
08
80
10 0
Vandaliaooneolg4s
F-A
....1965 J-J
Crus APlstgu4msl934
VerVailndAW See Mop
Virginia Mid Nm South By
Va a Southwt 1st gu 58.2003
o9x
sem
73m Sale
84 m
84
Last Sale
era
86^1 19
»
uamOct'io....
86
100
Nov 11
94 m Saib
1
15
or
Utah A North See Un Pamfio
UUoa A Black B SeeN YUent
82
72m 79m
Oct '09
5
Weefde
Range
tab Oenoai
gnlN
SesPaBB
J BB A See
C CoBio
Gr Wee
93H
68
79
J••
A-O
Ore Short Line lstg 0s..1022 F-A
1st consol g 5s.........1946 J-J
Guar refund 4s
1029 J -D
Tern 82m
77m
loom Dec'09
96S 98 m
124
90
99
loom
28 78 m 86
114
117m
Oet *10
8om„ si
99
86 m sale
9om
ol949 P*A
4s.sl933 M-S
•.
106 m
88m 91
120
Apr'10
105
107 Sep *10
90
9l\Oct *10
86m
00m 31 84
mm
M-N
F-A
J* J
‘
FA West See All Coast L
to Val A N E see Nor A W
Seaboard A L g 4s stamped *60 A-O
Coll tr refund g 6s
i ull'M-N
Adjustment 6s
89m 0ct ’19
89
84
M-8
M-S
M-N
J-D
A-O
J-J
J-J
50-year gold 4s.....
i960 A-O
Coll tr 4s g Ser A
1917 F-A
Tor Ham A Bait lstg 4s. *1946 J -D
I llsterADellstoong6s 1928 J-D
U let refund g 4s.......1962 A-O
TJnPao BRA 1 gr g is ...1047 J-J
Registered
1947 J-J
QO-yrconvie
1927 J-J
Borne Wat A Cg SeeJS Y Cant
Rutland See JN X cent
C* ag
oon
Rich A Dan con g 6s
1915
Deb 5s stamped.
1927
Blob A Meek 1st g 4S...1948
112
112
90 m 96
76m| 7im Nov'10
1955 J-J
Mob A Ohio coll tr g 4s.. 193 3 M-S
Mem Div 1st g 4m-6s...l990: J-J
St Louis div let g 4s.... 1061! J-J
AlaCenB 1st g6s
1918'J-J
Ati A Danv 1st g 4s
1948 J - J
2d 4s
1948 J-J
Ati A Yad 1st g guar 4s.1949 A-O
Col A Greenv 1st 0s.....1910 J-J
E T Va A Ga Div g 5s..1930 J• J
Oon 1st gold 5s........l950 M-N
•K Ten reor lien g 5s
1938 M-8
Ga Midland 1st 8s.
1940 A-O
Ga Pao By 1st g Os
..1922 J-J
Knox A Ohio 1st g 0a...1925 J• J
MobA Bir poor lien g 6s 1945 J-J
..;:io4mio6
mm 105m
104m Aug’10
....
104
107
106
106
^i1
g 6s....1994 J-J
Registered
...1994 J-J
Develop A gen 4s Ser A. I960 A-O
Southern—1st
.
91
Price
Friday
Sia
80 Pas BB 1st ref 4s
liOm Jan’09
....
<5-5
N. Y. STOCK EXCHANGE
Wrbk endino nov 11
High As Love High.
Oct '10 ..... 94m 99
Jan '05
losm....
I09m J’ly'09
uo
90
Aug’OU
80
90
May’08
82 m -«
91
Sep’10
92 m...
98m Apt ’04
ioo
loom 104 m <>ct '09
104 m 109
104 moot'10
-«l
BONDS
Since
1315
!! ibi"; ioim
....
not'09 ,...u
*
106
03
94m
Suite
100
99 m 007.
100
......
••••••
94
00
90m
Ply ’lo
98m
00
85
yo
J’ne’io
Mario
......
96
90m
80
66 m sale
io7 m
75 m
Nov'08
04m
00
66m
60m 283
106
J’ly’io
83
Dec’00
74 m Sep 10
83
Sep’10
105
iom^iov 10
*46*m sale* 46 *9
47 m
7m
0m Nov* 10
7
8m
67e
7m
100
87 m
iVi**
......
105
101
00
82
00 m
93
89m OCt *101
80m
tiem
7 a m Feb’10
73*9 Apr’10
loom Nov’i/0
72rn
77
83
33
4
4
urn
12m
8am
82m
90m
86m
ll'i
<1
73
68m
74m
100 m
80 m
110m
02
101m iosm
104
2 io3m
00
......
83
83
97 m
08m Oct 'lo
Sale
83 m
03 m
02m
©om 01
90m
91
28
7
06
sale i
rutlt.
97
100
05m Sale * 05
101m loim 101m
Aug’lO
102
77
03m
o7m
08m
00
00
05
04
89 m 93
08
ioem
sale
08m Sale i 98
97
77m
107m
32
OCt *10
93
02 m
100
103 m
80
102
00
18
J ue'io
86 m Sep ’lo
34
Fee’07
02m 03
105
99
113m
70
110
105
108
08m
00
62 m
64
......
89 m 00
80 m sale
00
....
124
97 m 13
loo
95m ia
08 m
05
00
05m
00
05
00m
y7
100 m
03
100 m
102m
07 m
101m
101
ioom
91m
19
96m ioom
15
85
91
2
2b
00m
00 m
M18C1ILLANEOU3 BUN US—Concluded.
Manufacturing A Industrial
Gen Eleetno deb g 3m*.. 1942 F-A
10-yrg deb 5s
*.1017 J-D
Int Paper co let oon g 6s.l0le F-a
Consol conv a r g 6s.....1935 J-J
Iht St Pump 1st s t 6s....1920 M-S
Laokaw steel ist g os....1925 AO
J-D
M-N
Steel Sags let s 16«...l921 J-J
apub l A s ist A ooltrds. 1934 A-O
Bag A P 1st at 6a..l93o J-J
1 Stamped......................;
W s Aiesth Co a Ideb g 6s..1913 MkN
to S Realty AI conv deb g6« '24 J-J
aion
tef 1st
s£g 08.1931 J-J
J-D
M-N
SI 10-60 yr 6s. ] reg ..<11963
-
e
Jm-n
147 m sale
103
84
92
06
loamNovio
8im
96 m
I06
80
Sale
Sait
99
02
02
m
96
06m
00
Sep’10
104m 104 m 104 m
07m
oimoot’u
103
Oot’10
102m 102
06 ‘ 9 im oet'iu
03 May'10
104*9 106
io4m 104m
88
t-8
88 m
80
84
b7 Nov’ u
87
‘
15 130
100
io 83m
2U
01m
Vt
96m
04
2 100
text
......
-
103
Sait
10Sm Sale
103
,
-
Mb price Friday; latest bid and asked this
82
82 Jan'lu
U7m
i48m
,
108
loam
iosm
103
104
loim
82
!
140m
106
13 104m
16
86m
80 m
»6m
,
00 m
105
0dm
86
00m
3Y 101 m 104 m
369
loim io5m
i?| loim 105*4
weekT* Due Feb~d
loom Sale
0im bale
100
91m
03m
-VUsceilaneous
100
97m
114m
00m 0em
102
104
01m 90m
93
Manufacturing «Sc Industrial
V a-Car Chem 1st 15-yr 6s 1023 J-D
Westing house B A Ms 15s '31 J.J
Adams Bx001 tr gas
.1048 M-S
Armour ACo 1st reax 6814*98*30 J-D
Bush Terminal 1st 4a. ,...1952
Consol os
1055
Chic Jo A t Yarded g 58.1915
Det M A M Id gr incomes..1911
institfor Irrig Was 4ms 1943
int Meroan Marine 4ms..1922
int Navigation 1st s f 6s. 1929
Newu Ne Ship A D D5s41990
N Y Dock 60-yr 1st g 4s.. 1051
Providence sec deb 4s....1067
Provident Loan soo 4ms. 1921
s Yuba Wat Co eon g 0s.. 1023
A-O
J-J
J-J
A-O
M-N
A-O
F-A
J-J
F-A
Sale
91 m
88 m
Sale
9im
80
96
106
88
91
02 m
Aug’lu
05m >ci ’lo
100
100
May’ll
36
35
Aug'lO
90 m
07 moot 10
04 m
04 rn sals
o5m
79
81m 7am Oct '1.
-
•
......
05
05
Sals
01m
••••a*
••••••
00
MS
•••4••
••••••
J-J
•••••a
•••••*
••••SS
••••••
Wash Water Pow 1st 5s.. 1939 J-J
Due Apr * DueMay
91
91 m
112
103
63
Dec'00
91m
sep’10
J’ly’09
J’ly'04
Aug'lO
03m
^4m
87m J9
06 m 03
100
35
100
96
50
76
98
-rnwomm
OOm
40
71m
83
•••••«
*»*
00
94
00
• •••
101
103
1
g\Due J’ne ft Due J'ly *Due Aug oDue ect» Due Nov «Option Sal*
CHICAGO STOCK EXCHANGE—Stock Record-Daily, Weekly and Yearly
STOCKS —HIGHEST AND LOWEST SALE PRICES
Sales
of the
Saturday
Nov. 5.
Nov
Tuesday
7.
Nov. 8.
Nov
9.
*ll2
”"2*2
Week
Shares
Friday
Nov. 11.
Thursday
Nov. 10.
1
1
*1*2
212
*6
*76
*112
*6
*76
*20
*10
*5
77
20*2
201*
*10
*5
11
6
434
484
2312
*23
*72
*20
*65
*18
*434
*23
*72
*20
*65
*18
77
21
68
22
63
0__
*60
12
*52
*
63
*60
12
*52
12
55
1
2*2
*6
*76
|
77
21
11
6
5
•
1
11
6
478
231?
47g
1
1
231*
2012
*10
*5
t
*23
*72
*20
1
77
21
68
22
63
63
12
55
77
2012
1
1
1
•
|
1
1
63
63
23
Sale
Sale
65
Sale
Sale
Sale
1212
*1(H2
n*2
6312
*18
*...
*60
12
*52
484
434
*20
Last
Last
*63
Last
Last
Last
77
21
6212
1
Last Sale 170
Oct’10
Last Sale 1*2
July’10
Last Sale 4
July’10
77
76
*74
76
20 '2
*20
21
2310
Last Sale 10i2
Oct’10
Last Sale 412
Sept’10
22
55
458
....
...
....
150
48
434
22
Oct’10
Oct’10
65
22
75
18
*63
20
Sept’10
60
Oct’10
6U4
....
....
10
....
Lowest
Ka. Toads
Chicago City Ry
100
Chicago & Oak Park 100
Do
100
pret
Chic Rys part ctf “1"
Chic Rys part ctf ‘ 2”
Chic Rys part ctf *’3''
Chic Rys part ctf ,,4"
100
Chicago Subwav
Kaos City Ry & Lt.,100
.
_
l)o
....
NOV'10
—-
_
10
*77
♦250
1
10
771?
260
131
80
!
*11012 11034 *11012 111
*143
14312 *142i2 143
j
*
_
*79
*
80
33
33
63
*48
6312
50
*33*2
*...
*48
97«
76*4
1
260
1
*
10*4
76*4
260
131
_
*79
1
80
110*4 11034
*14212 143
•
•
34
3434
64
50
*
a
34
64
60
.
*48
g
0
4012
*121
150
41
123
4012
123
150
150
116
1155g 116
95
95
6312
6312
*63
*
9434
63*2
*63
6312
97
*
21
♦
4012
41
*121
O
123
152
41
123
*148
117
w
11612
150
117
17ig
1712
9512
9434
64
64
95
64
6312
*63
97
*
21
*
63l2
97
*
*
*im2 112
*121
135
122
135
111
*121
*
IIH4
*11112 112
122
137
*12012 123
*10714 108
*11834
107*g 107*2
174lg 181
♦119U 120
179l2 182*2
119l2 120
10334 10334
21
*121
122
137
9*4
7412
912
74U
Last Sale
*17
17*2
Last Sale
94i2
6314
*17
1035s 1037s
*173
176
*173
103
*7
*13
103
8
15”
103
634
*13
182
120
103*2 10358
176
*173
103
176
*102l2 103
7*4
*634
684
15
*13
....
!
180l2
120
*11912
103l2 10234
120
10612
183*4
*119
120
103
103
174
174
*174
176
Last Sale 634
June’10
103
103
10234 1023.J
6*4
*6i2
Last Sale 7*4
Last Sale 15
Price
est
Friday
Period
Range
Nov. 11
Last Sale
Bid
Amer Strawb'd 1st 6s-1911 F
Armour de Co 4)4*
1939 J
Aurora Elgin&Chlc 5.1941 A
Cal ds So Chic Ry Co
1st M 5s
1927 F
Caw Av ds F G (St L) 5s ’12 J
Chic Board ot Trade 4sl927 J
Chicago City Ry 5s
1927 F
Chic Consol Br & Mlt 6s.w J
Chic Consol Trao 4 Hs 1939 J
Chic Auditorium Ist5sl929 F
Chic Dock Co 1st 4s.. 1929 A
Ohio Jc RR 1st M g 58.1945 M
Chic No Shore Elec Os.1912 A
Chic Pne Tool 1st 5s.al921 J
-
-
O
19238
Safe'
1.168
1,030
7
200
125
'
iio
50
261 People’s Gas L&Coke.lOO
Do
rights
7,171 Sears-Roebuck oom__100
Do
309
pref
100
460 Swift & Co
100
The
Quaker Oats Co..100
5
Do rights.
Do
145
100
pref
75 Unit Box Bd it P Co-100
Do
pref
.
-
100
•
-
~
.
Low
High
9984 l>934
9084 9412
!
3
r..
J'l
Ms
1023g
24
1023s
1018ft 103D
^
rrl
_n
”94*12 Dec”’09
87
86
F
88
98*g
A
J
....
F
79i4
....
93 lg
F
-
F
9812 100
M«
MJ -
4.40s
M - S
4.60s Series E......... M- N
4.80s Series F
M- N
Peo Gas L ds C 1st 6s.1943 A - O
Refunding g 5s....1947 M- S
Chic Gas LdsC 1st 5sl937 J - J
Co us uni Gas 1st 5s. 1936 J - D
Mut'l Fuel Gas Ist5sl947 M- N
South Side Elev 4)43.1924 J - J
Swift & Co 1st g 5s...1914
J
Union El (Loop) 5s..1945 A - O
...
.
4
11
79
12
i
9884
84*4
98
875g
75
8734
10138
95*s
86
91
90*2
9711 101*1)
98
100*8 10034
Oct
fg Dec
3)
Dec
39
mmt
101 lg
101G
12
1003g 103*4
100*g 1027*
100*4 100*4
100
100*2
100
IO284
100&g AUg'09
10034 Sale
I007g Oct'10
80
9514
....
’75’
82
....
76”
Bale
78
191 ig Sale
95>2 Sale
193’2 Sale”
98*2
95
96
9712
....
....
....
....
ioiu foYs;
....
103
!”I i6Ti2
92
....
93
100
”61”
5812
60
Dec'Ob
9514 Oct'10
9484 95I4
9484 9484
9434 Oct'10
77
16
Oct’10
May’05
8134
82
78U Oct'10
91
9Ug
9512
9534
99
Apr* 10
93lg
9312
lOO^s Mch'09
961g Mch'10
97
—rw-
75
b5
6
80
84
80
14
10
2
5
Feo'lo
9812 Mch'10
12184 May'(>9
101
101Sg
10212
103
IOOI4 Sep'10
100*4 Oct'10
9212 Oct'10
100
100
88
114
NOV'04
70
Apr* 10
30
78
J’nen
J’ne 22
J ne24
J'ne2i
J ne22
Jan 3
Jan
0
Apr 1
May3l
66*4 J’ly 5
7 J’ly 28
40
J’ly 26
104
6»* J'ne30
6212 J’ly 26
Apr 25
260
Jan
*
Nov 9
136
Apr
£43ij
<mn
13U Jan
2914 Jan
Dec
52
Dec
86*2 Mav
iyi2 Dec
15*8 Sep
Jan
Nov
47
17
63
50
J’ly
4584 Jan
30
3I4 Dec
6
Jan
15
1191*
1019 Dec
8
Dec
773.1 Mch id
26
72
23
66
72io
Jan
Jan
2914 Apr
Feb
97
133s Jan lo
82
240
126
72
107
J’ly 19
Feb
7
J’lv
59
Dec
25
73
61
5419
103
May
May
May
Dec
Dec
Aug 6
131*4 j’ly 30
31
56
47
l
112
74
66
Sep 23
2512 J’ly 26
40
63
Mch 17
J’ne 2b
101
Aug 3
J’ly 19
H8
112
103
Feb 24
Feb 10
J’ly 26
148
Feb
104
101
Feb U
Mch 10
12H2Jan 11
2
J’ne
46
66
28
Jan 6
Mch 28
Jan 7
Oct 25
Moh
Jan
42
140
Deo
117
107
Jan
152
Oct
Jan
12112 J’ly
Sep
17*8 Feb
£Ala
701, Mrh
88i„ May
117
38
Jan
Jan
43
Jan
20
N
A
IlIT
13084 Aug
8812 Dec
47
Sep
115
125
145
123
Jan
7
Jan 18
Oct 31
Nov 1
JAQ $
21
0v
11914 Sep
130
Sep
82
110
102
108io Dec
124
Nov
Jan
Jau
Jan
1197ft Aug
1
>2 Fp.h
183i4 Nov 11
122
10938 Jan
180
22
y
J’ly It.
100
55
101
Mch 8
b
Feb i9
.I’ne
977g Jan
118U Feb
Jan
Mch
100i2 Jan
16912 Dec
12134 Oct.
U4I4 Aug
119
Jan
162
Dec
Dec
Jan
May2t>
Jau
0
6U Apr 28
15*8 Jan
0
98*2 Jan
j* Feb
384 Mcb
105
J’uejt.
-2/g Apr
1
15
Feb
25
15
Deo
10284 Apr 20
7
J’ne
Jan
20
127
8
’ Feb
Nov
Jan
76i2 Dec
58
Apr
1
Apr
21 j Nov
Jan 13
22*4 Jan
82
127
91
II6I2 Aug 8
101
Sep 16
155
j’ly 27
0
Sep 23
163
i4 Mav
’ May
61i4 Jan
1
Apr
Mayl7
142
112
145
1
6
40
Aug
lg J ne
10
48
5
J’ly
81ift Deo
Sep
Feb
101
139
Jan
4
Feb 17
Feb 4
1
3
47
3
132
54>g Apr
Jan 11
3934Jan
86
Jan
Jan
200
126
4
14218 Mch
J’ne 6
J’ne 6
Aug 11
Feb 4
15*4 Nov
J’ne
225U Oot
7h Jan
7184 Jan
84*2 MaylG
Calumet
O.itstand-
Surplus
irvg
and
Stock
Profits
t
T
National
043,541
8190, OOU
Chicago City
500,009
224,197
Contl’tal & Comm Nat 20,000.000 9,622,319
Corn Exchange National
3.000,000 5,437,074
D rex el State
200.000
22,126
Drovers’ Dep National.
399.499
600,000
36,35 1
200,000
Englewood State..
First National
10.000,000 10.836.589
First Nat Englewood.
150,000
192.377
Foreman Bros B'k’g Co.
525,372
1,000.000
Fort Dearborn National
383,692
1,500,000
Hibernian B’k’g Ass’n.. 1,500,000
950,430
149.885
Kaspar State Bank....
200.000
La Salle St National
251.686
1,000.000
Live Stock Exch’ge Nat 1,250,000
490,626
Monroe National....
65,108
300,009
Nat Bank of Republic.. 2,000.000 1,214,618
National City
404,624
1.600,000
National Produce
83.064
250,000
North Avenue State
68.756
200,000
North Side State Sav’gs
26,239
50,000
North West State
18.498
200.000
105.120
300,000
People’s Stk Yds State.
vPralrle National....—
250.000
62,310
Prairie State..
80,077
500,000
23.268
250,000
Railway Exchange....
186.033
300,000
Security
South Chicago Savings.
200,000
87,000
South Side State..
200,009
11,065
State Bank ot Chicago.. 1.500,000
.742.907
Stook Yards Savings
250.00U
186,241
Union Bank of Chicago.
200,000
47,899
100,000
7,814
Washington Park Nat’l
state
60,000
6,670
Central Trust Co of III-- 2,000,000
872,807
n500,000
116,352
Chicago Sav Bk dsTr...
Chicago Title & Trust.. 6.000,000 11,543,802
Cftlsens Trust it Savings
7,188
60,000
600,000
Cotonla* Trust it Savings
454,136
Cont A Comm Tr it Sav. 3,000,000
427.869
Drovers'l rust &Sa vlngs
115,219
200,000
Farwell Trust Co
1.500.000
183,929
First Trust & Savings.. 2.500,000 3.113.260
Guarantee Trust ds Sav.
14,619
200,000
Harris Trust & Savings. 1,250,000 1.456,828
Illinois Trust it Savings 5,000.000 8.444.429
200.000
Kenwood Trust ds Savgs
53.526
Lake View Trust da Savgs
200,000
43.365
.....
......
IOU2 IO2I4
IOII4 Sale
-
Union Pacific conv 43.1911 n- n
United Box Board col 6T26
General mtge 6s
J - J
Western Stone Co 5s.. 1909 A
O
5
97
..
Feb'06
86I4
98lg
875g N<
97*4
-
*
9934 Mch’10
NAME
Range
for
Year 1910
ApF04
Apr'09
96*4 Jan'Oj
,
mterest
B’ds
Sold
923s
103
50
n
j •
A ifl ■
Commonw Elect 5s£>l 943 nIllinois Tunnel 5s....1928 j •
Kan City Ry ds Light
Co 5s
1913 U - N
Knlck'b'ker Ice 1st 5s 1928 A - O
Lake St El—1st 5s...1928 J
J
Income 5s
1925 Feb
Metr W Side El—
1st 4S
1938 F - A
Extension g 4s_.
1938 J - J
.Morris & Co. 4^
1939 J - J
North West El 1st 4s.1911 M- S
No W G-L ds Coke Co 5s‘28 Q - M
.1945 ,n-N
Ogden Gas 5s...
Pearsons-Taft 5s
.1916 J - D
Not?.—Accrued
or
IOH4 O
10238 10212
7
6I4 Aug 10
Feb
Jan
Jan
190
4
Jau
3
30
Jan 3
10
Jan lo
9i* Jan 0
7i2 Jan
100
Western' Stone
June’10
No.
100
Mch
1*2 Oct
109
Aug 18
Feb 17
Jan 14
Feb 7
Aug 26
10812 J’ly 27
H4 Jan 26
1319 J’ly 9
7914 Apr 7
8212 Sep 30
53
J’ly 26
4312 Mch 9
Apr’09
,,
_
Ohio Ry 5s
1927
Chic Rys 4-58 series MA"
Chic Rys 4-5s series **B"
Chic Rys 4-5s series "C
Chic Rys coll 6s
1913
Chic Rys Fund 6s..1913
Chic Rys Tem Ctfs 1st 5s
OhiC R I & P RR 4s..2002
Collat trust g 5s
1913
Chic Telephone 5s....1923
Commonw- Edison 5s. 1943
Chic Edison deb 68.1913
1st g 58
July 1926
Debenture 6S....1920
WeeKi
102
180
7
Highest
1^8 Mch
yi2 Jan
Mch
Chicago Banks and Trust Companies
Ask Low
-
Mch
3D Jau 20
28
28
.8
13
8
May26
3
\iay24
2ig J n©29
145
490
Do
rights
Chic Title it Trust
100
Commonw’ th- Edl son .100
Do
rights
Corn Prod Ref Co com
Do
do
pref
Diamond Match
100
Illinois Brick
100
Masonic Tempie
McCrum-Howell Co
100
Do
pref
Mllw & Chic Brewing
Do pref
National Biscuit
100
Do
pref
100
National Carbon
100
Do
pref
100
BONDS
Inter¬
185
24
110
Chicago Bond Record
CHICAGO STOCK
EXCHANGE
Week ending Ncv. 11
Oct
H2 J’ly
4
J’ly
603g Sep
IU4 Sep
241 Chicago Telephone-..100
100
11-16 Moh’09
17S12 181
15
....
94l2
64ig
64*g
,
.
Apr* 10
94
Last Sale 45
Aug'10
63
63
63
63
Last Sale 97*8 Nov’10
Last Sale 218
June’07
Last Sale 20”
Nov’09
*110
111
*110
112
Last Sale 122
Nov'09
129
129
125
125
634
_
18
79I4
94*2
64
TjOsI Sale.
180
120
_
11612 11634
lag
Feb’10
11834 11834 *11812 120 ♦11812
107*8 10734 105to 107i8 10612
....
■446 American Can
..100
Do
205
pref
100
15 American Radiator.. 100
Do
pref
100
35 Amer Shipbuilding
100
Do
15
pref
,ion
Amer Telep it Teleg
Booth (A) & Co
100
Do
100
pref
50 Booth Fisheries 00m..
Do
785
pref
Cal & Chic Canal it D.100
Ohio Brew'g it Malt’g
Do pref
432 Ohio Pneumatic Tod. 100
9*8
9*2
76
76
*260
260
260
265
Last Sale 126
NOV'10
80
80
80
80
111
*110
*110*2 111
Last Sale 141i2 Nov'10
Last Sale ig
June’09
Last Sale i4
June’09
34
34
*33
35
*62
64
*60
63
Last Sale 47
Aug’10
Last Sale 1
Nov* 10
Last Sale 3
Oct’10
40
40
40
39*2
122
122
12112 122
Last Sale 214
Feb’08
154
155
1'54
154
11634 11634
Lowest
Highest
160
20
69
16
61
15
53
Range for Previous Yeas
(1909)
Miscellaneous
1
77
*250
10
77
260
131
80
100
Northwestern Elev...100
i
*97s
pref
Metropol W S Elev
100
l)o
pref
-.100
Do
100
pref
South Side Elevated__100
225 Streets W Stable C L-100
Do
pref
100
12
547g
Range for Year 1910
....
Oct’10
*11
Last Sale
_
10
272
STOCKS
CHICAGO STOCK
EXCHANGE
76
88
93*4
9384
§9
96*4
99
92*2
96*4
96*2
97 ~
9612
98*2
4
3
“
97
98*2
IOO84 103L
103
1041*
100*4 10212
IOO84 1011*
9134 94 "
1
Apr* 10
6U4 Oct’10
100
88
70
6U4
8512 July 03
must be added to all Chicago b ond
prices
1007g
88
70
65
.....
Merchants' LoandsTrCo
M etropolita nTrust dsSav
3.000,000
750,000
Michigan Ave Tr Co...
200.000
1.500,000
Co
200,000
North-Western TrdsSav.
500,000
Pullman Trust ds Savgs.
200.000
Sheridan Tr it Sav Bank
1,000.000
u?Standard Tr dc Sav.....
200,000
Stockmen's Trust ds Sav
Union Trust Co....... 1,200.000
0West’nTrust ds Savings nl ,000,000
West Side TrdsSav Bank
200,000
200.000
Woodlawn TrdsSav Ban 4
Northern Trust
Dividend Record
In
1908
In
1909
Per¬
iod.
6
10
O
An
10
.
.
_
J-J
_
12
6
12
9
10
9H
6
6
12
12t
10
10
Prlv ate Ba
8
8
8
8
10
10
Beg. b us. Mn
10
10+2
4
4
8
8
3
6
Last Paid
%
Dec
■09, 6
July ’10. 5
’10, 2*2
*10.4
*10. H2
Oct
Q-J Oct
y-j Oct
Q-J Oct
Q*J Oct
kj-M Sep
'10
2*g
10, l*t
30'10,3o
•Q-M Sep 3010,2*2
nk
Q-J
Q-J
Oct
Oct
J-J
J
uly
'10, 2
10. 2
10, 5
y'lO V.90. p.1277
Q-M Sep 30'1021g
Q-f Nov *10. 1
Q-J Oct 10, 2
Q-J Sep30 10, 11*
3
Q-J Oct 10, 1*2
6)4 Q-J Oct 10. 1*4
6
Q-J Oct 10. He
Q-J Oc '10. 1
Q-J Oct *10, 2
—---r
2H
6
....
.
....
....
8
2
6
None
1)4
....
6
Beg. b
11
7
6
See Y.
6
7
1H
6
4
6
us
Sep
12
8
6
90. p.
None
7
6
6
4
8+2
8+2
....
....
7H
....
..........
Q-M OCt
10. 1*2
Jan *08, 2
Q-J Oct 'lO.Ut
Q-J Oct '10,2
t.’09 V. 89, p. 817
Q-J Oct *10.3
....
Q-M Sep30’10.2
M-N Nov 10,3
159
Dec3l ’08,1*2
Oct 10,2
Oct
10. 1*2
Oct. 10,2
A-O Oct9,10,8
Q-J Oct 10, 2*2
Q-M
Q-J
Q-J
Q-J
QQ Oot 10.8
Q-J Oct. *10. 1*2
10
Q-M Sep30'10. 4
V .87.p.1138
orated
1908
lncorp
6
9)4 Q-J Oct ' 10. 8
Oct 10. 4
16+4 16+4
<i
6
6K Q-J Oct 10.1*4
6
Q-J Oct 10,1*2
4H
12
12
5.840.079
Q-J Oct 10.8
8
3
....
6
6
221,455
50.000 Beg. b us. Oct
8
2,327,738
8
6
6
64,494
224,584
8
8
25.432 Beg b ua J’ly
Comm
jtneed
250,000
32.754
6
6
1.190,520
132.692
107.552
5
6
6
53.442
6
6
88+2
Q-J
8ep30l0|ll*
29'1 0V91.P.1221
Q-J Oct '10.2
J*J July 10.8
Q-J Oct 10.2
12 '0 9 V 89,p.141
bus. Sept 6 1910
JQ July 10. 8
Q-M Sep 30' 10,2
Q-J Oct 'lO.Ut
Sep 3010J2
Q-J Oct 10.2
Bid and asked prices; no sales were made on this day.
f Sept. 1 (close of business) for national banks and Sept. 2 (opening of business) tor State Institutions.
No prtoe Friday; latest price this week,
a Due Deo. 31.
b Due June,
k Also 20% In stock,
n Capital and surplus to be Increased,
q Dividends are paid Q-J.
Ith extra payments Q-F.
s In addition the equivalent of 4% more came from First Trust
Sayings Bank, t July 311910. v In addition tbs equivalent of 1% earns
from First Trust 8c Savings Bank.
v Prairie Nat. Bank and Western Trust it Sav. Bank to be merged and capital ot latter to be Increased to $1,250,000; V. 91, p. 314,
» See V. 91. p. 72. 17.
i1
Nov. 12
THE CHRONICLE
1910.]
Volume of Business at Stock
liiectric Companies
Chic Edison Co—See Chi
Gr*t West Pow 5s '46.J-J
Exchanges
Kings Co El LAP Co 100
Narragan (Prov) El Co.50
N Y AQ Ei L APow Co 100
DAILY, WEEKLY AND YEARLY
Stocks.
Railroad,
&c..
Par value.
Shares.
State
Bonds.
Bonds.
Bid
U. S.
Bonds.
Ask
list
ca go
83i4
Industrial and Mtscei.
Crucible Steel
• Preferred
9014
122
e
TRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
Week ending
Nov. 11 1910.
1317
125
100
100
Bi t
1258
773<
DavD-Daly Copper Co.lo *l1*la
/ sk
1234
7814
Diamond Match Co.100
94
9412
100
145
150
• Preferred
73
Preferred
...100
lOo
82
84
• Gold 4
80
United Elec of N J...100
1936...J-D
84
85 ;
Electric
1st g 4s 1949
Boat
7ol2 771?
100
J-D
16
Preferred
Western Power com. 100
10u
42l2 43f2
70 1
Preferred
68
100
69
Empire Steel
100
Io
10
Preferred
lOu
58
65
• General
Chemical.__10u
91
100
Telegraph and Telephone
e Amer Teleg A Cable.100
80
85
100
Preferred
101
miz
e Central A So Amer. .100
Goldfield Con Mines See S tk Ex list
118
120
Gold Hilt Copper
Comm'i UnTel (N Y)_ 25 105
1
*Hie II IS
65
Greene-Cauanea
20
Emp A Bay State Tei.100
*734
Franklin
40
100
50
Guggenheim Explor’n 100 185
195
•
e Gold A Stock Teleg. 100
110
Hackensack
Water
Co
e Northwestern Teleg.
Ref
107
s
4s *52 op '12..J-J
50
88
85
Hail Signal Co com
Pacific A Atlantic.... 25
60
100
20
35
ePac Telep A Teleg pf .100
Havana Tobacco Co
lOu
4
6
9312 95
Southern A Atlantic
25
90
Preferred
...10u
8
12
1st g 5s June 1 '22 J-D
£5
59
rlecker-Jones-Jewell Mil
Ferry Companies
B A N Y 1st 6s 1911.J-J
1st 6s 1022
93
97
Mb
103
105
NY A E R Ferry stk.100
20
28
Her'g-HaU-\lar. uew.lOO
35
40
doooken f,and A imp 100
1st 5s 1922
55
65
M-N
N Y A Hob 5s May '46.J-D
1st
5s
97
Nov 1930
09
100
102*"
Hob Fy 1st 5s 1946 M-N
Houston ui
103
107
loo
8
7‘s
Preferred
N Y A N J 5s 1946
100
J-J
44
9612
45
Hudson Realty
10th A 23d Sts Ferry.100
30
40
100 110
• Ingersoll-Rand com. 100
1st mtge 53 1919..J-D
65
75
93
• Preferred
e Union Ferry stock..100
2S
100
26
100
e 1st 5s 1920
mtercontin
95
t'I
M-N
99
Rubber. 100
27
28
lnternat’1 Bank'g Co.100
100
90
Internat”. Mer Mar—See b tk Ex list
Short-Term Notes
Am Clg ser A 4s 'll
International Nickel..100 U.5
M S
9934 100
148
Ser B 4s Mch 15 '12 M-S
98
Preferred
.....100
90
93
9812
Balt AOhlo -Hsl9ir_J-D
1st
g 5s 1932......A-O
9878 99l8
92
94
Bethieh Steel 6s '14..M-N
International Salt....100
96
98
6
8
Chic A Alton 5s ‘13 .M-S
1st g 5s 1951
986g 9918
A-O / 47
52
Gin Ham A D 4s 1913.J-J
97 U 97*4 International Sl'ver
100
50
80
C C C A St L 5s, June '11 100
Preferred
100
107
113
LOOI4
Hudson Companies—
1st 6s 1948
J-D
110
112
6a Oct IS 1911
Internat
Smelt
A-O
99
A
97i2
Refg 100 I30
140
6s Feb 1 1913
Internat Time Record. 10o
F-A
190
97i2 99
225
Interb R Tg 6s 1911.M-N
Preferred
luu
1U012 101
112
129
K G Ry&Light 6s T2.M-S
Jones A Laughlln Steel Co
98
99
Minn A St L g 5s ‘ll.F-A
1st
S
f
g 58 1939..M-N
98l2 99l2
1013S 10112
e N Y C Lines
lOo
Eq 5s '10-22 64.70 4.30 Lackawanna Steel
39
40
• 1st con 5s 1950
64.70
4.30
4Hs Jan 1911-1925
M-b
N Y N H A H 5s *10-’12 100
c Deb 5s 1915
101
M-b
91*4 ~92~"
StLAS F 4 Hs’12 op.F-A
Lanston Monotype___100
9712 93
86io 8678
5s Mch 1 1918
M-S
96*4 971? Lawyers' Mtge Co
100 24j " 250
Leh
South Ry g 5s 1913
A
Wilkes-B
Coal
50
9814 93*4
F-A
200
250
Tidewater 6s, 1913 guar 101
100 135
101i? • Lorlliard (P) pref
146
Wabash 4 Hs 191.j_._M-N
Madison Sq Garden
97
100
35
45
2d 6s 1919
West Telep AT os '12.F-A
M-N
9912 100
85
Westingh'e El AM 6s 1913 100 10012 Manhattan Transit
20
*n
5% notes Oct 1917.A-0
May Dept Stores
100
50
53
Preferred
100 101
102'
Railroad
Mononganeia R Coal.. 50 * 8
9
• Chic Gt Wcom tr ctfsLSee Stook
Preferred
Exo
50 * 2014 22
• Preferred tr ctfs../
list
100
Mortgage Bond Co
1131 116
Chic Peo A St L—
Nat Bank of Cuba....100
103
107
Prior Uen g4 Hs'30. M-S / 90
Nat'l Surety
94
100 l6J
270
Con mtg g 5s 1930..J-J /
• Nevada Cons'd Copper o
50
*203fc 20J2
Income 5s. July 1930.. /—Nev-Utah Min A Sm. lu
5
*1
1*16
Chicago Subway
100
412
434 • New Central Coal
60
20,
30
Kan A Col Pac 6s 1938.F-A 109
111
NY Air Brake 6s—See Stk Exc fist
Nat Rys of Mexico—See S t Exc list
N Y Biscuit 6s 1911_M-b 100
Nortn'n Securities Stubs.
100
112i2 e New ¥ork Dock
100
25
*35'"
Pitts Bess A L E
50 *31
•Preferred
33
100
7j
80
Preferred
50 *70
74
N Y Mtge A Security-100 200 210
• Railroad Securities Co—
N Y Transportation.. 20
*4
5
III C stk tr ctfs ser A 52
90
Niles-Bem-Pond com. 100
97
102
Seaboard Company—
Niplssing Mines
6 *10*4
11
1st preferred
100
72h 75
Ohio Copper Co.
10 *lla10
Com A 2d prei—See Bal
Exe list
• Ontario Sliver
100
2
2l2
Seaboard Air Line—>
Otis Elevator com....100
49
52
Coll 5s ext May 'll.M-S
100
Preferred
100
94
97
West Pac 1st 5s '33..M-S
93U 9334 Pittsburgh Brewing.. 50 *1:335
Preferred
50 * 41
41«2
industrial and Miscel
Pittsburgh Uoai—See Stk Exc list
Adams Exp g 4s 1947 J-D / L012 9
Hi Pope Mfg Co com
lOu
60
62
Ahmeek Mining
25 *195
200
Preferred....
100
71
Alliance Realty
100 115
20
Pratt A Whitney pret.100 100
05
American Book
100 152
Producers Oil
100 145
150
American Brass
100 rliO
123
Realty Assoc (Bklyn) .100 120
123
American Chide com .100
224
228
Royal Bak Powd com.100 199 200
Preferred
100 10U2 104
Preferred
lOo
104
107
Am Graphophone com 100
5
Safety Gar Heat A Lt.lOO 133
135
Preferred
100
21
Seneca Mln ng
25 *60
70
Amer Hardware
100 117
120
Singer Mfg Co
100 350
35 5
Am Malting 6s 1914
J-D 100
South Iron A S com ..100
lo2
7
10
Amer Press Assoc’n
100
95
105
Preferred
__lOu
15
18
Am St Found new—See S tk Ex list
Standard Cordage....100
H
6s 1935..
A-O i00U 102
1st Mg 53 '31 red.A-O 1 15
17
Deb 43 1923
F-A
69
71
Adjust M 5s Apr 1 1931 1 *
4
American Surety..... 50 205
2IO
Staudard Coupler com 100
40
American Thread prei
5
*4l2
6I4
Preferred
100 100
Am Tobacco Co com.. 10C
432
438
Standard Milling Co..100
16
*18 "
Amer Typefders com. 100
40
43
Pre erred
loo
52
Preferred
lOo
08
102
1st 5s 1930
__M N
84
88*
Deo g 6s 1939
M-N
97
10J,
Standard Oil of N J..100 615
620
Amer Writing Paper
2
Swift A Co—See Bost Stk
100
Exc list
Preferred
100
23l2 2512
1st 5s—Src Chio Stock Exc list
1st s t g 5s '19 op ‘09 J-J
8712 88
Texas Company—See Stk Exch Ust
AtlGf A WlndSSLlnes. 100
10
« Texas A Pacific Coal 100
1UJ
105
Preferred
19
...100
29
Title ins Co of N Y...100 132
138
Cot tr g 5s 1959
66
J J
68
Tonopah Min (Nevada) 1
*8U
Barney A Smith Car..100
35
Trenton Potteries 00m 100
4
Preferred
100
*9~J 100
Preferred, new
too
45
55
Bet hi'm Steel Corp—See S tk Ex list
Trow Directory
30
...100
Bliss Company com.. 50 124
130
Underwood Typew...l00
00
Preferred
50 118
122
Preferred
.100
99
100
Bond A Mtge Guar
.100 250 255
Union Typewriter comiou
45
49
Borden's Cond Milk.. 100 123
1st preferred
100 104
124f2
108
Preferred
...too 104
106
2d preferred
100 10J 107
British Col Copper...
*6*s
678 United Bk Note Corp. 50 *49
52
Butte Coalition Mining 15 *X20
Preferred
2014
5o *50
121*
Casein Co of Am com. 100
3
60
62
334 United Cigar Mfrs....l00
Preferred .........100
55
• Preferred
60
100 100
108
Casualty Co of Amer.. 100 125 140
United Copper..
5
100
6
Celluloid Co.......
100 128
Preferred
100
10
20
Cent Fireworks com.. 100
U S Casualty
100 200 220
Preferred
100
U S Envelope com
50
100
Central Foundry
Preterred
100 111
100
114 ~
Preferred
U S Finishing
100
100
95
100
Deb 6s 1919 op '01.M-N ; 35
Preferred
40
.....100 106
111
700
1st
Chesebrough Mfg Co..100
g 5s 1919
J-J 100
105
61
Con sf 5s 192 9
City Investing Co ..100
63'
..J-J
95
100
Preferred
U S Steel Corporation—
...100 101
105
• Clafiin (H B)
com..100 102
Col tr s f 5s '51 opt '11 11418 115
105
e 1st preferred
93
Col tr s f 5s '51 not opt. 1141s 115
100
96
• 2d preferred
93
U
S Tit Gu A Indem—100
100
921*
Col A Hock CoalAI pt 100
•Utah Copper Co—See Stk Exc* list
1st g 5s 1917
Westchester A Bronx Tit
..J-J t 45
Col tr 6s Oct 1956..J-J 1 45
A Mtge Guar......100
160. 170
Consol Car Heating...100
4012 41*2 Westlngn'se Air Brake.50 *135 189
Consol Rubber Tire.. 100
West El A Mfg 5s—SeeStk
3
4
Exc fist
Preferred
22
.100
Worthing Pump pref.100 104 108
Debenture 4s 1951 M-c 1 4012 42’
♦
85f2
8712
e
40
50
78
85
duPont(EI)daNemPo
...
$1,040,000
2,239,500
280,935
403,604
$25,846,000
36,482,100
843,498
1,174,687
460,772
77.372,300
107,727,700
42,074,700
2,020,000
2,256,000
1,249,500
101,000
72,000
61,500
3,163,496'$289,502,800
$8,805,000
$406,500
Monday'
HOLIDAY
Tuesday
Wednesday
Thursday
Friday
Total
Week ending Nov. 11.
Sales at
New York Stock
1910.
Exchange.
1
1909.
$9,211,500
.
1910.
$986,500
$159,150
$351,200
38,439,950
518,802,700
1,123,121,600
$557,593,850
$1,157,471,700
Boston.
Listed
shares.
Saturday...
Monday
Tuesday
Wednesday.
Thursday
Friday
13,109
17,920
Bond
sales.
7,340
15,562
Listed
shares.
$21,000
25,000
Unlisted
shares.
13,492
15,382
__HOLI DAY
Bond
sales.
3,240
5,384
$16,000
51,500
...
"
24,800
33,618
22,565
15,779
16,980
13,364
63,000
77,000
130,000
31,373
24,802
12,338
16",072
24~,3o5
20,665
11,501
45,700
74,000
112,012
69,025
$316,000
97,387
56,862
$211,500
_.
Total.
PHILADELPHIA
Philadelphia.
Unlisted
shares.
Outside Securities
All
bond prices
are
“and interest” except where marked
now
Street Railways
New York Oily
Bleeck St A Fui F stk.100
1st mtge 4s 1950 ..J-J
B’y A 7th Ave stk ...100
2d mtge 5s 1914 ...J-J
Con 5s 1943—See Stock
B’way Surf 1st 5s gu 1924
Cent’l Cro-.st'n stk
100
1st mtge 6s 1922 _.M-N
Cen Pk N A E K stk. .100
Chr't'r A 10th St stk. .100
Col & 9th Ave 5s See Stock
Bid
Ask
10
52
120
20
12
70
Exc
140
100
Ust
105
90
85
19
85
list
95
30
200
100
40
300
ys
Exc
10-j
80
Dry D E B A B—
1st sold 5s 1932...J-D
Scrip 5s 1914
F-A
Eighth Avenue stock. 100
Scrip
6s
1914
F-A
—
Twenty-third St stk..100
Union Ry 1st 5s 1942.F-A
Westchest 1st 5s '43 J-J
10J
05
42d & Gr St F’y stk ..100 200
42d St M & St N Ave. 100
1st mtge 6s 1910.M-S
2d Income 6s 1915. J-J
40
Inter-Met—See Stk Each inge
Lex Av A PavF 5s See Stk Exc
Metropoi St Ry—See Stk Exc
Ninth Avenue stock.. 100
155
Second Avenue stock. 100
10
1st M 5s*09extTo..M-N
99
Consol 5s 1948
F-A
55
• Sixth Avenue stock
100
115
Sou Boulev 5s 1945...J-J
6U
So Fer 1st 5s 1919... A-O
38
Third Avenue—See Stock Exc
50
Tarry W P & M 5s 1928
YkersStRR5s 1946 A-u
80
28th A 29th Sts 5s ‘96 A-O »0
300
190
lOOlj
L5
_
_
60
Ust
list
list
180
16
105
104
95
101
Ask
Bid
245*
75
129
99
__
lol
Ust
102'2
11
43I4
list
list
3614
8912
8312
Gas Securities
130
80
80
20
215
1.2
75
102
102
169
Ust
102
101
99
list
75
83
80
100
list
New York
Cent Un Gas 5s 1927 _J-J
Con Gas (N Y)—See Stk
e Mutual Gas
100
New Amsterdam Gas—
1st consol 5s 1948..J-J
NYAERGas 1st 5s '44 J-J
Consol 5s 1945
J-J
N Y A Richmond Gas. 100
N Y A WcstchesterL’ht’g—
Deb g 5s 1954 guar.J-J
Nor Un 1st 5s 1927..M-N
• Standard Gas com
100
•
Preferred
...100
M-N
1st 5s 1930
Other Cities
Am Gas A Elec com
50
Preferred
50
Amer Light A Tract..100
Preferred
100
Bay State Gas
50
106
106
105
100
104
102
lis
175
100
101
104
100
50
97
40
100
99
55
75
102
1st g 5s 1938
A-O
Brooklyn Un Gas—SesStk
Buffalo' City Gas stk
100
Cities Service Co
160
Preferred
100
Con Gas of N J 5a '36.J-J
Consumers’ L H A Pow—
5s 1938
...J-D
Denver Gas A Elec...100
Gen g 5s 1949 op.M-N
EUsabeth Gas Lt Co—100
Essex A Hudson Gas.100
Gas A El Bergen Oo
100
•
Gr
Rap 1st 5s ’15.F-A
101*2
101
*44
288
101
42
291
103
h
96
Exo
312
Exo
60
79
90
*4
100
Ust
5
list
62
82
95
102
180
90
300
133
78
98
134
33
64
11
80
190
93
138
80
101
136
35
66
20
85
list
Hudson Co Gas
100
100
102*1 Indiana Lighting Co-. 100
75
76
4s 1958 op
.....F-A
81
79
Indianapolis Gas..... 50
Exc list
1st g 5s 1952
A-O
83
86
Jackson Gas 5s g '37. A-O / 88
9212
•
Laclede
Gas
104*4 10514
.100 104’* 105
A Boa 1st 5s *24 J-D 104 105
• Preferred
100
80
102
• New Oil Rys A Lgt.100
Madison Gas 6s 1926. A-O 103
2414 25
108
• Preferred
100
63*8 63*4 Newark Gas 6s 1944—Q-J 128 130
Gen M g 4 Hs ‘35—See S Jc Ex list Newark
Consol Gas—100
96
98
Pub Serv Oorp of N J.100 108 112
• Con g 5s 1948—J-D
103
104
Tr ctfs 2% to
99
101
No Hudson L H A Pow—
6%perpet
North Jersey St Ry.foo
60
5a 1938
A-O 110
1st 4s 1948
At-N 74
76
Pacific Gas A E, bom. 100
68
70
Preferred
100
87
89
Pat A Pas Gas A Elec. 100
88
91
ff Con g 5s 1949—.M-b
100
102
St Josenh Gas 5s 1937 l-l 1
90
9312
* Per share. t> Basis,
s Sells on Stock
Exchange, but not very active.
/ Flat price,
Lynn
a
__
—....
—
m
.
106
*40*2
Blugh ton (N Y) Gas Wks
1st 5s 1947—-Sm Stock
105
list
92
101
Exc
165
102
_
.....
*
85
92
list
_
“"i*
75
104
73
103
106
235
103
New’k PasRy 5s ‘30 J-J
Rapid Tran St Ry_.100
1st 5S 1921
A-O
J C Hob A Paterson—
4S
g
74
1949
M-N
So J Gas El A Trac-100 127
G11 g 5s 1953...M S
97
No Hud Co Ry 6s 14 J-J
101
5s 1928
J-J 102
Ext 5s 1924
M-N
98
Pat Ry oon 6s ’31..J-D 115
2d 6s opt 1914.. A-O
99
So Side El (Chic)—See Ch icago
Syracuse R T 5s '46..M-S Ul
Trent P A H 5s 1943.J-D
9/
United Rys of St L—
Cora vot tr ctfs....100
<34
• Preferred
100
4212
Gen 4s 1934—See Stock EXC
UaltRys San Fran See Stk Exc
Wash Ry A EI Co____100
35*4
Preferred
100
89*8
4s 1951
82i<
J-D
58
Other Cities
Buffalo Street Ry—
1st consol 5s 1931..F-A
Deb 6s 1917
A-O
Columbus (O) St Ry..l00
Preferred .........100
Oolum Ry con 5s—See Phi
Crosst'wn 1st 5s ‘33 J-D
• Conn Ry A Ltg com. 100
• Preferred
...100
1st A ref 4 Hs—See Stk
Brand Rapids Ry pref .100
• Loulsv St 5s 1950.. J-J
*‘f.’
...
Brooklyn
Atlan Avenue RR—
Con 5s g 1931
A-O 100
BB&WE6S 1933..A-O
97
Brooklyn City Stock 10 105
Con 5s—S-je Stk Exch inge
Bkln Hgts 1st 5s 1941 A-O
98
Bkln Queens Co A Sub—
e 1st g 5s '41 op ‘16.J-J
99
•1st con 5s '41 op’16 M-N
97
Bklyn Rap Tran—See Stk Exc
60
Coney Isl A Bklyn.. 100
1st cons g 4s 1948..J-J
78
Con g 4s 1955
75
J-J
Brk C A N 5s 193 9.J-J
95
Kings C Ei 4s—See Stock Exc
Nassau Elec pref
100
5s 1944
A-O 103
1st 4S 1951—Sm Stock Exc
N Wbg & Flat 1st ex 4 Ms
87
Steinway 1st 6s 1922—j-J 103
Street Ra lways
Pub Serv Corp N J (Con;
Cons Tract of N J..100
1st 5s 1933
j-D
60
-
....
$693,200
33,656,900
DAILY TRANSACTIONS AT THE BOSTON AND
EXCHANGES.
Week ending
Nov. 11 1910.
1909.
149,443,989
185,137,635
$13,341,557,300 $16,987,650,350
$23,085,500
,
-
Jan. 1 to Nov. 11.
Stocks—No. shares
3,163,496
3,466,688
Par value
$289,502,800 $325,773,200
Bank shares, par
$1,000
$8,600
Bonds.
Government bonds
$75,000
State bonds
$406,500
910,500
RR. and misc. bonds.
8,805,000
22,100,000
Total bonds
$91,000
81,000
'
Rftt.urday
f
.....
"b2'l2
...
....
...
...
..
—.
...
n
Nominal.
s
Sale price,
x
Ex-dlv.
v
Ex-riorhta.
BOSTON STOCK EXCHANGE—Stock Record, Daily, Weekly and
Yearly
SHARE PRICES—NOT PER CENTUM PRICES
Sates
STOCKS
of the
Saturday
Monday
Now 5'
Nov 7
1045* 104*8
*101
223
102
223
128
*216
131
300
131
300
*104
*101
221
128
12712
16*2
.71
71
*
155
*?a?
*-„-*
_
*209*2
20*4
855*
154
140
*212
*182
*102
176
43
154
115
270
131
115
*260
131
121*4
89
*209*2
20*4 *20*4 20*2
85*4
85*2 86
154*8 154*2 154*2
*182
*40
109
103*2
176*4
*92*2
867,
*102
46*4
102
190
42
109
103*4 103*4
176*2 177*2
*92*2 93
93
*
*155
157
102
46*4
10212
102*2 102*2
86*8
45
5
14
14
•147
9
*275
155
155
89*2
95*2
89*4
95
*224
*5*4
*110
*110
"*6
95
*224
137
*96
166
*12
6"
*5%
112
111
112
*108
111
*30
*27
183*2
55
31
28
184
55
29
103*4 103*4
*29
28
183
31
28
*
184
55*8
18
90
18
90
878
11*4
*17
*90
87g
18
91
8*4
70*8
287,
H*2
46*4
71*4
29*8
46
71
29
18
18*2
I8I4
46
*8*2
9
1734
18
11*4
of2
.07
71*2
.07
72
*37,
9*4
.15
12
7*4
41
7%
27*2
*1*4
16*2
*22*2
6*2
*3*4
40
11
*9
*.40
4*4
934
.15
12
8
42
778
27*2
6*2
4
40
.50
20%
6I9
6*2
21*4
51%
21*2
if
5*
11
%
357s
8%
812
»....
.50
43
133
*14*4
21*8
rs*
*u2
\
4f
5*4
39*8
.50
43
133
15
80
21*8
1*4
14
1*4
53*4
8
15*2
62
6*4
40*4
48*4
35s
48*4
*33,
25*2 25*4
50*8 50*2
*2*2
*»*4
*130
t
•
*.05
71
4
10
.15
3
10*4
132
2*8
22*2
.08
7178
4
107,
*11*2
7*4
42*2
7*4
28
2
16
1678
23
565
*21%
2
11*4
9%
*20*4
50
565
21*4
*22*4
*6*2
*3*2
539*2
113,
2
*9
*.40
.15
12
778
6*4
4
40
113s
9*8
♦
♦20*8
20*8
5*2
50*4
21*8
5*4
5034
11
11*8
36*4
8*4
8*4
*5
35*2
8*4
8*8
*.50
43
*132
14*4
21%
14
*1*2
52*4
7*4
15
*60
6
.60
43
135
14*4
21
1*4
14*8
1*4
53
8
15*4
61
6
39*2 40
4834 4878
*3*4
3%
25*2 26
50*4 50%
3
9*4
*130
2*8
3
10
133
2*8
Bafore pay’t oc a«j63;'ta caned
*30
*....
81
27
182*2 183*4
55
55
28%
76*8
29%
78%
1167, 117%
5
21%
58*2
1177g
153
91%
94
224
6
112
111
137
Oct’10
168
30
*....
184
55
29
12*2
103%
30
27
184
100
50
pref
50
Miscellaneous
1.496 Amer Agricui Cbem..l00
Do
230
pref
100
598 Amer Pneu Service... 60
Do
33
pref..
50
629 Amer
Do
356
....
Sugar Refln....l00
pref
100
8,734 Amer Telep & Tel eg ..100
American Woolen....loo
Do
“761
pref..
100
Atl Gulf & W I S S L.100
Do
100
pref
.100
Boston
10
'"23 Cumb Teiep ds TeiegllOO
400 East Boston Laud
.J
~
'
ESSa:
264 n
Padttc Coast Power.. 100
"363 Pullman Co
100
Reece
48
Button-Hole., lot
Swift
A
Co
420
1001
90 l'orrington
25
Do
2
pref...
2d
1.041 United Fruit..
.100
824 Un Shoe Mach Corp.. 25
Do
272
pref......... 25
78% 32.421 U S Steel Corp.......100
Do
118
117%
pref......... 100
17%
91
287g
560
19
.05
21%
.07
20%
57
12
47
48
92 Weet
Do
40
Teiep A Teieg.,100
pref..
.......
100
Mining
380 vdventure Con...... 25
475 Aigomah Mining
....25
470 Vilouex
....
25
7%
2734
1'8
8
28
17S
15*4
21*2
6*4
*3*2
22
39
11
40
11
Q
Q
.40
.05
20
.50
.05
20
5
,
10*4
11
35*4
8%
36
132
14*4
20%
1%
14
14
1 9-16 1%
62%
7%
4578
778
4334
778
28
27
2
15
21%
6%
3*4
38%
10*2
22
6%
3*4
39*2
11
9*2
14*2
60
6
60
6
*19%
4%
20
*50
20
62
48*2
3*2
4878
3*2
26*8
50%
2%
10
.
*50
51
20*2
10*4
35%
8*2
*734
131%
...
78
197,
*1%
13
1%
*51
14%
25
25
26
10
5
10
15
10
25
317 Centennial
25
600 Cons Mercur Gold....
1
713 Copper Range Con Go 100
140 Daly-West.......... 20
16.501 Ea-st Butte Cop Min.. 10
12
700 Elm River
160 Franklin
25
_
.
5
839 Kerr Lake
20 Keweenaw Copper... 25
25
3,810 Lake Copper Co
675 La Salle Copper,.... 25
.....
25
45 Mass Consol
"825
Mayflower
.........
25
Mexloo Cons M A S-. 10
150 Miami Copper.......
5
606 Michigan .......
25
19 \lob aw a
25
5
2,286 Nevada Consolidated.
625 New Arcadian Copper 25
1.020 N1 pissing Mines.....
5
...
.....
42
131%
131%
1412
►
*
78
197g
*1*2
1312
1%
52
1*4
1334
1%
52
62
77,
14%
7*4
14%
20
77,
1478
.
*58
5*2
5
4.260 Giroux Consolidated.
2,575 Granby Consolidated. 100
20
4,642 Greene Canauea
725 Hancock Consolidated 25
595 Helvetia Copper
25
25
1.052 Indiana Mining
706 isle Royale Copper.. 25
10*4
36% 18,032 North Butte........ 15
855 North Lake
25
8*2
8
115 O Jib way Mining
25
.60
900 Did Colony
25
20%
134
13*4
1%
58
...
...
20*o
.6%
*5
8
.60 *.50
42
42
*
9
.50
04
1978
60
535
119
150
5
36*4 39
36%
48
48*2 49
3%
3%
3
25
247, 25
*48*4 49%
!
2% '. 2*4
9*2
9*2
9*4
125
*125 130
*1%
2
1%
37
Bid and anted prices,
......
Juincy
.....
48
3%
25
...........
Trinity..
25
...
(JnltedStafcesCoal AOii
25
4.664 U S Smelt ReT A Min. 50
Do
50
1.518
pref.....
1.100 Utah-Apex Mining...
1.467 Utah Consolidated...
145 Utah Copper Co
195 Victoria
225 Winona
16 Wolverine
975 Wyandot
128
1*4
J’ly
285
14
70
8
J ’ne lo
J’ly -l
Aug .9
104
jau
Oct 3
Oct 13
124% Sep 21
New stock.
............
»
Ass't paid.
0
7
Jan 10
136*4 Jan
Feb
5
24
152
3 0
16
7d
Feb V
Nov 3
Jau
3
Apr
i
10% Sep 30
48
Sep 16
_
3
227
Mch
35
139
I09
260
123% Jan
104% Jan
234
.
Oct *2
Oct 4
Lowest
Ja
3
1
15t% Oct 15
118
Jan
270
Mch lb
»
133*2 Jan
Oct 7
Oct 14
Oct 1
202
123
90
210
149
88
Apr *
162% Mch %
85
Apr
a
Feo 10
14% J’ly -6
75
J’ly 1
Apr ,»
1301, Mch 11
210
Mayi„
181% Sep 14
25
Alay
Aug 18
98*4 Aur 2
153*4 J‘iy 26
89% j’ly *6
161
Oct 16
103
83
Sep
99
J'ly
20
6
J’ly *7
98*4 Mch 31
4% Aug 2
14
J’ly 15
ill
Get 3
111*4 Oct 3
127% J'ly *6
36
26
91
J’ly
7
1
J ly
Mch la
Mayiu
4% J'ly 28
138‘2 J’ly 28
7% Apr 14
7
16
129% Aug 1/
94
Men .2
J’neju
11% Jau Lo
163
100
28
Jan ^4
2o% Oct
3
14c% Aug25
212
:
00
Mch,.
Jan
7
44% Nov 1
liu
106
4
31
__
J’ly 131
Sep 21
J’ly 13
65% J’ly 12
19% J'ly 26
86
J ly 13
12% May 4
5
5o
J n«3o
Mch 9
10
May 4
4% Nov 5
16 * J ’ no 3u
44% J’ly 12
50u
J’ly 6
i3*s J’ly 15
04
58
J’ly
4% Men 8
Oct 21
Nov 11
J iy 18
3?8 J 'iy 12
J iy 2b
43
17% J’ly 5
3% J’ly 13
9%Ja.* 17
18
J ne.o
6% J’ly 13
5
Sep 7
.26
Aug 9
29% J ne L5
114
J'ly 27
12
J’ly «
.85
.u4
17
46*2
4%
J’ly 5
J'ly 1
Sod 29
J’ly 5
J’ne 30
J’ly U
J'ly 14
J’ly
J'ne
J’ly 18
33
Mch '1
33*2
45*4
2*2
18%
A39*4
2%
J’ly 20
J ly 20
J iy 22
66
16*4
1*8
8*4
1%
36
7%
9
Jan
Feb 11
14378 NOV 4
39% Mch 19
104% Mch28
11% Jan 7
uf
Jan
8% Jan
152% Mch
11% Jan
279% Nov
11
3
3
11
16 *% Jau
91% Nov 11
Men to
Oct 25
90*4 Mch
165
Jan
88
Jan
102
Oct
33% Jan
94 Jan
5% Jan
Jan
Nov
Nov
126% Feb
Feb
Jan
Apr
Apr
Apr
Jan
Jan
Jan
Jan
69
89
202*2 Men
Jan
Jan
Apr1
188% Mch 11
126*4
loo
200
75
168
Oct
o
10
Feb
1
20*2 May
24% Jan
41% Feb
107
Feb
6% Jan
76 Moh
47, Oct
Feb
M
90*4
40%
53*4
60*4
12%
70
24%
Jan 8
Jan a
Jan 3
Jan 3
Jan 14
65
23
18*« May,o
28*2 Jan 3
103
Jan
685
38
Jan 3
Jan 2
Jan 10
Jan 3
a
9%Mch28
13% Jan 3
2% Feb 122*2 Mch
12% Jan lo
111% Jan 3
11% Jan 3
3b
Jan lv
6% Jan 4
44% Mch i.
18*2 Jan 3
11
Jan
5
6*4 Jan 14
94*2 Jan 22
'9
Jan
*4
10% Oct 13
i*s Jan 13
J an 7
Jan 4
8% Jan 21
6
29
Jan Ti
27% Jan 11
10% J an 12
12
May^5
60
Jan
2
25% Mch 7
75
12% Jan 14
Jau
126*2 Jan
*64
Moh.
28*2 J an -
14*4 Sep 15
Mch 25
Feb
Jan
9*4 Jan
100
6&
Jau 13
38*8
30
8
45
Jan
Feb
Mob
Feb
Feb
J iy
Feb
17% J’ly
8
Sep
21% Feb
96*4 May
Feb
585
29
Feb
10
J ne
68*2 Feb
7% May
7*2 Feb
l
Oct
Feb
7% J’ne
Feo
9
Feb
8% Sep
5*2 Dec
13
90
22% Apr
7*2 Apr
2*2 May
16
Jan
10% J’*y
4% Mch
30
Apr
3*2 Apr
12*4 Feb
5*4
*67*2
16%
3*2
978
47
Oct
Dec
4% Mch
5% Nov
47% Feb
Jan
3
21*4 Jau
8
i
24*4 Mch ^
2*4 Jau 3
18
Jan
3
3*4 Jan 19
08*4 Jan 14
18
Jan 12
16% Jan lo
78
Jan
11% Jaa
5
3
41/8 Oct 21
55
Jun
53*8 Jaa
6% Jan
3
3
OCt
Nov
174-g J ’ne
149
Aug
Sep
200% Jan
216
40
122
19
83
J ne
Feb
Deo
Dec
1% Nov
13*2 Feb
34
Jan
13% Nov
127, Apr
62
J'ly
9*4 Deo
28
39
44
4
J'ne
117% Aug
Aug
107
218*4 A Ug
117*4 Aug
176
Apr
98*8 Apr
Apr
112
50% Aug
J'ly
9% Fob
22% NOV
136
Apr
131
Apr
146% sep
40% Aug
105
J’ne
108
Sep
Aug
OCt
Nov
137, J ’no
12%
51%
8*4
147*2
Apr
Aug
83% Dec
Apr
220% Deo
3*4 Oct
97
125
118
139
Oot
108
199
12
OCt
34
35
170
Dec
NOV
Dec
71
Oot
Oct
Sep
Aug
Sep
114% Aug
31% Sep
947g OCt
131
1)
96
Oot
Deo
Dec
10% May
62
Oct
96*2 Nov
40*2 Dec
64
Dec
51% Dec
18
.80
24
Jau
May
Deo
11*4 Deo
33% NOV
119
695
Jan
Aug
44% Sep
35
Jan
86*4 NOV
12
Mch
16% Apr
2% Jan
19
Aug
12*4 Nov
110% Dee
14% NOV
38
D«0
7% Aug
33*4 Feb
9% AUg
c7% Deo
74*4 Deo
19% Deo
18% May
1
6
Deo
Nov
28% Deo
13% MCh
8% Deo
13
Sep
85*4 Jan
117, Aug
14% Deo
.90
Deo
59
Aug
170
Dee
Feb
Oct
1
Mch
19
84
Nov
3
92
J'ly
70% Jan
30
Nov
Jaa
1*4 Feb
J'ne
J'ly
.40
55
166
Dec
173
2
14
103
260
68
93
Jan 5
Feb li
Atcb
Feb
Jan
Jan 3
Jan il
115
162
123
276
136
150% Feb
6*4 Mayiu
124
77*2 Nov
14*2 Mch
16*4 Oct
88i- Sep
Apr
125
7
246
Feb
195% Jan
Dec
Apr
27%
93%
4%
15*4
3*4
Jan
301
22
Oct
11*4 Jan
rll7
Mch
125*8 Oct
196
J'na
23914 Apr
135
Dec
235
Mch
153
Nov
J an
58*2 Jan
Nov
Feb
A153
146
200
190
26
124
85
1*4 Oct 27
J 'ly v8
13% May «
*6
Sep 1
3
J’ly 7
28% J'ly 16
9
J’ly 23
Jan
75
79
i95
13
rll4
97
-25
Jan
Nov
128*2 Nov
127% Mch V
.16
10
143
115
267
97% Apr
3 rl727g Feb
3
93% Mch
49% Oct 20
Sep .6
87g Feb ii
6
6*4 J'ly 13
Sep
11*4 Jau
60*2 Jen
10
May
46*2 Dec
-
105
Feo 17
3% Sep 28
.05 Oct 11
9% Jne>o
•
J’ly 26
20
J'ly b
6*8 Sep 29
14% j iy *9
295
^
109*4 Jan lo*
Moh-R
84% Jan a
2/ Jan 18
81
May 6
165*8 Jan 15 200 Sep (0
46*4 J’ly
71*4 Apr lb
25% J’ly
81 Jan
4
-1% J’ly -6
90*4 Jan 2
ill
J’ly voj 126% Jan
Feb 1.
14
lj*4 Sep 30
81
Aug 16
94
4
Jau
10
12414 Jan
223% Dec
132% Jan
Mch
103% Jan
168 Jan 17
95*2 Mch J'
109
Feb 10
28
Jau
225
jau
204% Jan
24
98
Jan
100% Jan
Highest
Jan
Feb
jan
36% J'ne
99
Jan
2% Jan
17% Jan
67
Dec"
18*2 May
rps
17% Jan
89% Nov
59 S«P
54
OOt
6*4 Jaa
49*4 NOV
Oct
3
46' Jan 3
j’nezo
87% Feb
10
J'ne 30
00% Jan 3
68 Nov
-89*4 Feb
25
8
J’ly 22
Oot
5% Jau 14
6
Doe
25
6
15
J’ly 13
Jaa 14
4% Apr
rl3% Deo
25
lp2 J’ly 12 -50 Jan 3
139
Mch4 158 Aug
1% J’ly ?6
3*4 J au 14
4
Oot
‘
Ex-stook div. n Ex ngnts. a Ex-dlv. and right*. "
...........
9*4
a
2.5
3,243 Ray Consol Copper.. 10
150 Santa Fe Gold A Cep. 10
lo
2.395 Shannon
1.255 South Utah M A S...
5
355 Superior....
25
725 Superior A Boston Min 10
6.944 SupenorAPltts Copp. 10
50 Tamarack
25
407
Oot^LO
,
Old Dominion Co,... 25
Osceola
25
farrot SUver A Cop. 10
.....
5*4
Last Sate 41
.
181*2
2%
*
15*2
21%
6*4
3%
39*2
10%
1978
2078
5%
11
35*2
8*2
5*2
89*2
15*2
21%
6*2
*3*2
39%
478
*....
~88~
7*2
46
8
27
2
10
9
.50 *.40
.04
77„
14%
11*4
vnaoonda
trizooa Commercial.
220 Atlantic
270 Bonanza Dev Co....
1,250 Bos AOorbCopASUMg
1.255 Butte-Balaklava Cop.
2,225 Butte Coalition......
1.142 Calumet A Arizona..
23 Jalumet A Hecla
l".089
...
2
15
8
.60
42
131
*14
8
.50
43
78
11%
7%
6*8
10*4
34*2
8*2
878
„
11%
7%
*9
♦.40
51*2
21%
5*4
19*2
.06
71
4
10%
43
7%
26*2
4
57
570
.15
1 15-16
6*4
11
...
20*4
560
19
19%
.06 *.05
71
71*2
4
*3
10%
7*4
20%
57
*560
Pl% J’ly 26
971*
•7% Auf 2
218 J’nb iO
AUg
130
Range for Previous Yea
(1909)
Highest
238 Edison K!e© Ilium., ioo *23'J
Ja
Vo
254 General Electric,__..10u 135
J’ly -6
6.960 viasaachusetUGasCos 100
/6% Feb a
Do
89
885
May in
pref
100
26 Uergenthaler Uno_..100 214% Jan 4
526 Mexican Telephone.. 10
2*4 J an 3
63 N E Cotton Yam.... 100
107 Sep 22
5
99% Aug 3
...
29
77*8
1167®
100
...
55*4
*17
*90
69
20%
56*8
575
•111*
7%
in UJ9.
117
43*4
“
11*4
2
102
5
14%
103%
pref.....
Do
54
Last Sale 43
Nov* 10
17
17*2
17*4
17%
8
7*2
8
*7*2
.50
.50 .50
.50
17
16*4 17%
17*2
4 15-16 5
10*4
♦131
*43*8
1017,
47,
14%
94
.100
66%
28*2
4
10
103
87
104
152*4
897,
Do
,
100
70%
4
50%
2%
100
100
.
44%
68% 10.189 amalgamated Copper 100
25
29
3.413 Am Zinc Lead A Sm
4
25
pref
Electric...
44*4
6778
28*4
70%
*51*2
5 Seattle
Do
29
44
71*2
20%
1*2
Rutland
.
46
71%
.50
43
*130
14
78
vfalne Central..
100
1.718 Maw Electric Cos
lOo
Do
750
pref*..
100
867 N YN fi & ttirttoidllOO
1 Northern N H...
100
Norwich & Wor prof. 100
Old Colony,
100
44
"l7%
*.._.
100
100
pref
8
11
171*
4“g
207s
5*4
100
6s Electric
8
11
8
5
100
8*2
10*4
8
*50
21
lOu
Vermont & Mass
1.096 West End St......
157
117
117
141% 141%
17
91
pref,
Connecticut Iilver
Fitchburg, pref
8%
10*2
17%
5U
*78
20*4
*H2
103%
Do
121
20 via Ry
DO
103
46
19
103
65!
pref.
1737, 1.695 Union Pacific
93
111
112 *110
*108
111
*108
*135
136
136
Last Sale, 95
165
165
166
*12
12% *12
29*4
15
104
*223*2
5*4
*5*2
.15
49
8
28
2
16
23
Nov* 10
108%
*92
157
87
47,
Dp
8*4
111,
1712
57
*560
21
* .05
43*2
225
17
•90
.59
*17*4 18
478
47,
47,
21
21*4
21*4
67
5712 60
565
21*4
18*2
8*2
June’10
187
187
14
224
18
91
11
46
69
29
71*2
29*8
8*2
27
*8%
W
46
.59
21
56
•560
8*4
11*4
210
44
5%
12*4 12*2
103*4 103%
29*4 30
17
*90
20%
86%
154
85*2
153%
153*4 154
89% 89*2
95
95%
194
55% 55*4
29
29*4
78*2 8U2
118% 119
*29
"26"
102
,V~. Railroad*
100 Ateh Top & Santa Fe.100
10
„
prel
1100
231 I Joston & Albany
100
297
3
164
32 Boston & Providence. 100
Boston Suburban Et Cos.
”23
Do
pfcf_.
Boston & Wore Elec Cos.
Do
pret...
58 Chic Juno Ry & USY.IO*
.
Nov* 10
94% 95
95
94%
Last Sale 10
Nov’10
183
55*8
29*4
80*4 81*2
80*4 81*4
♦118
118*2 *117*4 118l2
29
131
*120
120%
89
Nov’10
Last Sale 5
July*10
150 !*147
150
*8
0
9*8
9%
274% 274*2i 279
279%
167"
166
180
118
*181,
13512 135*2
*93*2
166*2 167
12*4 12*4
150
Last Sale 34
224
6
110
150
116*2 116*2
140% 141%
897,
95*4
95
224
*96
103*4 10334
14
117
275
155
89%
Oct* 10
Nov’ 10
*....
115
260
Oct’10
104
Lowest
...
10*4
86%
4%
19
*150
9
275
165
1353, 136
13
102
478
14%
19
148
9
5*2
166*2
427,
45
il;J
"
110
Ill
111
137
*102
118*4 119
116*4 116*2
141% 14234
*32*2 33*4
95
96*2
155*2
897,
95*2
89*2
112
102*2
20
8*2
276
45
102
300
Oct’10
72
42
92
"86%
....
148
*8
275
155
92
10278
101*
223
127%
131*2
104% 104% *102
172% 174% 173%
90
102
14
*118*2 119*2 118*4 119
116
116*2 116*2 116*2
142
1427s 142*4 143
*
34*2 *34
34*21
96*2 97
95*4 96V
*10
*19
*216
131
300
16
*70
—
87
102
5
14
216
90
*155
87
46*4
4*4
Nov 11
1027,
103*2 102 102
101% *100% 101% ♦100%
222
*221
222
221*4
128
*127*2 128
127*2
104% 104*8
17412 176
157
87
102
87
105
*47,
,
10*2j
*41
140
*40*2
*108*2
Nov 10
*216
131
131*2
300
300
300
300
Last
Sale
*15*4 16*2
*70
72
72
72
Last Sale
*-—
10*2
Last Sale
*41
42
*150
155
150
151
115
*.... 115
115
Last Sale
*130" 131*2 131 131
121*4 121% *.... 121*4
*87
Last Sale
89
210
210
*209*2
20
20*4
1978 20
85
85*2 86
85*4
154
154
154*4 155
141
*139
*212”
Last Sale
*182
*182
190
190
*
Last Sale
41%
*107*2 108*2 *107 108*2
"1*6*2
*87
190
42
Nov 9
Range Since Jan. 1
Wee7:
Shares
Friday
131*2 131*2
72
♦
270
131
122
89
Thursday
216
131*2
*70
11312 113*2
Wednesday
102*2
101%
221*8
*127*2
222
128
*15*4
IS'2
*41
*____
Nov. 8
104*2
101*2
*216
*131
*300
*1514
Tuesday
NOT. 12
n.
w*
®
II
BOSTON STOCK KXOH'ttlt
Week ending Nov II
/TUX
Wooes
Friday
Nov 12
Bongo or
Loot sale
Ate Lew
But
ttO.T U>
1-S
Bangs
Since
January
U%gh\
.ho Low
ilV* «aVe*
4a....J’ly 1996 Not
J’ly 1996 M-N
1956 J.D
60-yearoonv 4s
10-year oonv 6»
1917 J-D,
§
Stem pea
114
93%
084
90
90
91
91
I
Illinois Steel deben 6s....1913
la Falls A Sioux * Cist 7s.. 1917
Kan C Clin A Spr 1st 5s...1926
Kan C Ft S A Gull eat 6s.. 1911
Kan 0 Ft Scott A M 6S....1928
Kan C M A B gen 4s.
1934
Assented income 6s
1934
Kan CAM By A Br 1st 6sl929
Maine cent eons 1st 7s...1912
1912
Cons 1st 4s
Maro Hough A Ont 1st 6s. 1925
Mass Gas 4 4s
1929
Mich Teleplat 5s
1917
Minus Gen Klee eon g 6a 1929
664
Boston Elect i. eousoi 68.1924 M-S
1916 J - J •
Boston A Cowell 4».
Boston a Maine4*08......1944 J-J
Boston Terminal 1st 3 %a. 1947 F-A
Bur A Mo Btv cons 6s —1918 J - JI
Butte A Boston t»i 6s....1917 A-O
Butte KlecAPow Istg5s.l961 J-D;
Oeriar Bap A Mo li 1st <e.lwl6 M-N!
Cent Vermt 1st g4«..Jdayl920 i4.Fi
874
O B A w Iowa DiV 1st 6s.l9l9 A-O
Iowa DIT 1st 4S
1919 A-O
Debenture 6s
1913 M-N
1922 F-A
Dearer Eaten 4s
994
Nebraska Baton 4s
192? M-N
1921M-8
BAS W sl4s
Illinois Div 3 <98
1949, J - J
Ohio jo By A tout y us 6s. 1916] J-J
101"
Ooli trust refunding a 481940 A-O
Jh Mil A tot P Dub D 6s.. 1920 J-J
Ob 11 A St P Wis V div 6sl92U J - J
99
Ohio A No Midi 1st gU 68.1931 M-Ni
Ohio A W Mion gen 6s....1921 J -D 101
Concord A Mont cone 48.. 1929 J -D
Oenn A Pass K 1st g 4s...i9i3 A-O
97
89
116
94
98
101V
94
102 4 1014
12
11174 1174
63
73
113 «i Mar'10
87 4
87 4
Sale
D103 Oat’07
984 J’ne’10
1014 Mar lO
98 4 984
1014 10IV
994 100
99
99V
99 4hiov’10
99
Mar’10;
99
Oct ’09
100
87 V Sep ’10
Sale'
1164 Jan’10
126
99
102
Oi
101
102
...I
...
1933 A-O
Clt NorUB A <4 ooil tr 4e 1921J - J.
Registered 4s
1«21|%-J|
99
89
104
...'
Mar’10,
964 J’neiO
90
964
98V
4Api’06
Apr'08
Mar*09
Apr’06'
95V
96 { 101; 944
964 Not’10 ....! 94 4
9a V hale
964
N orn—Buyer pays accrued interest in
99
99
89
Anr’lO
103
96
133
140
A-O
j J
100
Sale
J-J
J-J
ibov ids*
9^4
964
addition to the purchase price lor ail Boston Bonds.
Mtg/l
Lmv
.>e
tugh
100 4
9
994101
Apr’08
i34 Mar'10 III ‘*984 'of”
99% Feb’lJ ...J. 99V 99V
1 6>
8 113
118
1164
1014 Sep *05
115, J’ne’08,
99 4
loo j 19 | 97
100
97
994
Aag’lO! ...j 97
102 4 Aug’04
102 | 14 100 4 106
1014
Feb'09
102
1004 sep ’08
76
Oct 10
lu 14 Not’10
134
4 Oct 10
1884134 4
LOi
76
784
96 V 102
131
136
Apr’09,
98% Sep *091
102V
113 4 Aug’10
99
Mar’lj
103 4 Sep *10
107 4
’05
102
Alai’02
113V H6V
984 99
1034 1034
/84 Apr’l j
IO84 106
103 4
784 784
...<108 1044
F-A
J -J
J-J
J -J
Butland-Canadtan lst4a1949 J-J
Savannah Klee 1st eons 5s.l962 J • J
Seattle Klee 1st g 6s......1930 F-A
Shannon-Aru 1st g 6s
1919 M-N
Terre naute Klee * 5s....1929 J -J
Xorrington 1st g 6s.
1918 M-8
Union Pao BBAlgrg4s.l9«7 J-J
•40-year oony 4s....
1927 J - J
United Fruit gens 1448.1923 J-J
U S Coal A OU 1st a 16s.. 1938 M-N
U S toteei Cory 10-60 yr 6s. 1963 M-N
West End Street By 4s....1916 F-A
i Gold 44s
1914 M-S
•i Gold debenture 4s.
....1916 M-N
Gold 4s
1917: F-A
Western Teieph A Tel 6s.1932 J-J
Wisconsin cent 1st gen 4sl949j J - J
1*004
99
100
January 1
113 4 Not’06
A-O
A-O
;
lo IV
92 V
..,1154 1164
Feb’06
Oot ’10
Oot’10Dee’07
1124 Jan ’03
90
934
88
98
...
Oreg 8I1 Line 1st g 6s.
1922
Pere Marquette deb g 6s.. 1912
Bepub Vaiiey 1st s 1 6s... 1919
BuUanti 1st oon gen 4 4»-1941
83V
66V
e
6 100
! 89
101
.ol
90 4 Oct ’13
Nines
«:
a ana*
A O
J-D
M-N 116 V
834 93 Oct ’ 0 ....|| 924 984
M-S
90
M-8!
Nor’10 ...JI 90
92
1 102
103
1024i
A-O ib*2 4 i03" 1024
1916 A-O
New England cons g 5a.. 1946 J - J
! Bdston Term 1st 4s..... 1939 A-O
New Kiver (The) conv 5s. 1934 J - J
N Y N HAH con deb 3 481966 J - J
Conr deu 6s (etts) ......1943 J-J
Old Colony geld 4s
1924 F-A
Oreg By A Nat oon g 4s..1946 J-D
...118 4 114
10 85
88
5
117
6a
103
103
"u
1004
1004 “W*
New Eng Cot Yarn 5s. ...1929 F-A
New Eng Teieph 6s.......1915 A-O
104 4 Oot ’08
112 4 Jan’03
103
Feb’10
100 J*ne’01
11004 Aug’OO
Unstamped 1st 6s
j
110
Feb’04,
11004 Mar’09
Cudahy Paok(The) 1st k 6s 19.4 M-N
Our rent uiver 1st os
1926 A-O
DetCr Bap A W 1st 4a... 1946 A-O
Dominion Coat let s l 6s..1949 M-N
Fitchburg 4s
1916 M-8'
4s
.....1927 M-S!
Fremt Blk A Mo V 1st 6S..1933 A-O
i
»
94\!
A-O
A-O
h'ee/c'A
Range or
fast
ASK 1AM
Hu>
B\gh
884
92 4
102 4 J’ly’10
117 4 Feh'lO
66 4
67 4
Salt
Atl dull AW i SS Lwes5s.’59 j-j
14
8
6
116
924
934
98 4
984
91%Nov’iQ
92 s Sep 10
98
92
SS-2
BOSTON STOCK BXOU’OA
Week Smdiso not 11
6 1004 103
102V
70 89
91
Sale
90V
81
934
2 994 106
D'64
1044 106 4 1044
87% Sep ’10
»74 87V
102
Am AgTloal Chem 1st 5s.. 19281-0
Am i eieo A isi con u 48.1929 JJ
Convertible 4s
1934 M- 8
Am Writ Pauer 1st a 16s « 1919 JJ
Am Zinc LAS deb 6s.... 191 • M-N
Am Com Cop 1st oonv 6s 192<> J D
Aten Top A to Fegen g 4*.. 19961-0
Adjustment
1319
Boston Bond Record
1910.1
96
97
97
97 V 8*16
164
170
Sep '10
AprO?
|
6, 88
1004 Mar’lo
1014 Cot’10'
1044 Oct ’101
974
9741
1004 100V
lt*5
146
166
10141054
97
98 V
9941014
Iu4%l09%
96 4 97 4
165
1044 Oct 10
834 J’ly’iO'
101 v i ue’09i
984 Apr’ioj
98
Oct *10
98 4 6al«a
110
98
»»4
98 4
97
94 4
18
99
99
94V 94V
94V Jan’lu
* No pnoe Friday; latest bid and asked.
994
U Flat price*
Philadelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Share Prices—Not Per Centum Price#
balos
the
ot
Saturday
Novi
Monday
Tuesday
Wednesday
Thursday
Friday
Nov?
Nov 8
Nov 9
Nov 10
Nov 11
re*
•
••••••
•
••«
••••••
••
•144
14V
24
•42V
43
44
44
•11V uv
48.4
82V 32V
794 80
»•••••
26 V
93V 93V
26 V
89
66%« 664
46
46
164 15V
144
154
77*is 77%
84
89
83
*41% 43%
•U% 14V
84
89V
88
V
V
24
Yr.
UV
uv
48%
r\
M
79% 79V
H
O
9%
H
26%
93% 98%
*25
d
R
fel%
60 4
46
!
86% 88%
61% 66%
•.
45
46
16%
16%
16%
\
•
I
76
8%
6
82% 82%
PUIIjA DELPHI A
89%
82%
!
Bid
Consol Trac of N J ...100
Easton Con Electric 6.60
Ft Wayne AW V
100
Germanicwu Pass
60
44
1
m
46’
100
Keystone Telephone ..50
9
10*
•14%
15
•24
43
26
43
14V
16%
77
:
25
;
*
.
8%
40
US
93V
86V
64%
44%
25%
25-%
,
87%
64%
44%
16%
16%
74*x« 76%
n
u%
10
25
8%
1,600
160
.
8%
2jiu6
89V
82% 82%
6,14i
39
I
4
6
20
ChooA Me 1st 5s 1949 J-J
Ch ok AG gen 5s* 19 J-J
Cel St By 1st oon 5s 1932
ConTrac of NJ 1st 6 s.’33
KA A 1st M 5s 1920 M-N
Elec A Peo Tr stk tr otts
Eq U Gas-L 1st g 5s 1928
Indianapolis By 4s. 1933
Interstate 4S1943 ..F-A
Preferred V t c
60
Lit Brothers
10
Little Schuylkill
60
MlnehUl A Schuyl H..60
N Haven Iron A Steel.6
Northern Central
60
North Pennsylvania..60
Pennsyl HE receipts....
Pennsylvania salt
60
Pennsylvania aieel.. 100
Preferred
loo
Phila Oo (Pitts) pref... 60
Phfl German A Norrls.60
Phila Traction
60
Railways General...,.10
Snsqneh Iron A Steel..6
16%
61V
i*25
16
ii>44
42
160
80
81%
10
11
lo
proterred
10
Union Tr ot ind
100
United NJ bb ac.. loo
Unit Trac Putsprei..50
Warwick Iron A Steei.lO
Wulsbaeh Oo.^.
..100
West J ersey A SeaSh.60
Westmoreland Coau...6o
243
10
33
63
Consol 6s 1923
J-D
Annuity 6s..
J-D
Gen cons 4s 2U03.M-N
1
126
42%
10V
43
64
Gas A Eleo..100
•Bid and asked; no sales on this day.
Leh V Tran oon 4s '86J-D
1 st series B 6S i 935.M-8
New con oas 6s 1948 J-D
Newark Pass con os 1930
N Y Ph A No lSt4s’39 J -J
Income 4s 1939,..M-N
NoOhioTrac conds’ 19.J-J
Penn Cons ds 1919.. Vai
Pena A Md Steel eon 6s.
Pa A N Y Can 5s ’39. A-O
Coh 4s 1939.
.A-O
Penn steel let 6s’17 M-N
People's Tr tr eerta 4s ’43
IsfcA ooi tr 5s*49 M-S
CunA cottr 6s 1961 M-N
Phil Eleo gold trust otte.
P CO
:
92
88V
ibT*
j] Ex-rights.
|| 315 paid,
174Sep.l9 28
Jan
26*
4l*« J'jyJl
Jau
44%J?ly
109
ib*3**
1064
86
106%
*60*
•••••to
110
118
1474
9/%
Ex imp M-4sg’47.A-O
Terminal 6s g 1941. (J-F
P W A B col tr 4a’21.J-J
Portland By 1st os 1930.
3ocb By A Loon 6s ’64J J
,
Bid
\A*k
BALTIMORE
99
i....
107
IO84
Brewing
100
Bouds
Fries* or* all “ and
interest."
Anaoostia A Pot6s.....
Ati Coast L^Ct)otfs6s J-D
Otts ot muebt 4s....J-J
6*20 yr 4s 1926
J-J
BaitCPass 1st 58 ’ll M-N
Balt Fundg 6s. 1916 M-N
Exchange 8 %s 1930 J *J
93%
102
94 4
lo7%
1004
t $12 %
102%
94V
102
75%
43
48
Jauf
D—j
49% Dee
12 4 J’ly
63 4 J’ly
334, Dee
84% Dee
iA
Apr
33% May.
l25%Dee
113
Sep
75% Sep j
61%Dee
14%Dee;
36 4, Apr
864 s«®
Balt A P 1st 6s m l’ll A-O
B S P AO ist4 48 ’53F-A
Balt Traolst5s..’29 M-N
Ne Balt Div 6s 1942 J-D
Cent’l By eon5sl932 M-N
Ext A imp 6S.1932 M-S
Cftvaa city By lst6s*23 J*J
CliasBy G A El6**99M-S
.
paid. *213% paid, ft $33 paid,
95%:Dee
Bid
Aik
Chari C A A 2d Vs'10 A-U
City A Sub 1st 5s..’22 J-D
City A toubf Was) 1st 5s’4tt
Coal A 1 By 1st os ’ 2UF-A
••••••
i*i6%
98V 100%
98%
lOl
106
101
lOOr
ColACrnv 1st 6s. 1916 J-J
Consol Has os..1939 J-D
Ctfs indebt 4 4s,
JJ
Cons GE AP4 4»’35.j-J
FairA Ci Tr st 6s ’38. A-O
erase Aia isi con 5s 'aoJ -J
GaCarAN lstosg’29J-J
••••«•
%< 102
6s'19.J -J
Un Bys Tr otls 4F49JAJ
United Bys Inv lstcoiltr
sf os 1926
M-N
U Tract Pit gen 6s *97 J-J
Weisbaoh s 16s 1930. J -D
Wlks-B HAEoon5s’55J J
hALThUOitk
inactive Stocks
Ala cons CoaiA iron. 100
Pret
.....100
Atlanta a Charlotte., loo
Atlan Coast L lOonujlou
Canton Co
100
Cons Cot Duck corp...&0
Preierred
...50
GhUrgiK sou A Fla... 100
1st pref
100
2d pref.
IOO
G-B-S
•••’«
Dec
.
PHILADELPHIA
101
3
6
534 Jan i.0
124 Jau 14
60
........
U Trac ind gen
•
I Big host
Lowest.
32 V Feb
404J’ly26
114 J'iy 29
EiOVJan
42 J’neoo 644 Mar 11 43 Jan194J’ly* to 34% Jan 29, 15 % Jan64 J iy<26 844 **«n 10 63 jan
Keystone Telephone... 60
94Jan
7 J’ly 6 13. «*aniul
Lake Superior Corp....ioo 1 o 4 J ’ne >0 284 Jan 3 i-4 v Jan
Lehigh 0 A Nav trottA 60* 86 Fn&io t23 Jan 7 96 Jan
Feh
Lehigh Valley*
60 ; 62 4 J’ly *7 1214 Marie 67
Pennsylvania BB...... 60 61ui«J’iy2b ea^xe Mar 9 63% Feb
PhUadelp’aUo(Pittsoi. 60 ; 42 J’uedo 634 Jan 8 40% Feu
Philadelphia Eiectnoy. 26il3V «’e*> 3 I64 Mari8, l i 4 Feu
Phils Kapid Transit... 60 iGl Apr ih 23 4 Jan 3 24% Jan
Feblo
Beading
60 65>* J’iy2b 86
69 4 Feb
TonopahMining ...... 1
04Jan2
&V Jan
»%e May 13
Oman Traction
60 38 Oct 24 62V *«u 3 60% Jan
United Gas impt
60 79 J’ly 25 96% Jan 10 84% 2k)
Spanish-Am ir 6s ’27 J-J
116V
Trust oertifs 4s..
PA E gen M 6 g '20. a-o
Gen M 4s g 1920.. AAO
<
Ph A Bsud3d 6s ’33.A-C
Con M 7s 191i.....J-l>i
Leh V ext 4« 1st1948. J-D
2d 7s 1910
M-S
110
41%
LMUgh N*V 4%S ’14.(JJ
BBS 4S g-....1914.<4-F
Gen M 44s g.l924.%-F
Leh V C 1st 6s g ’33..J-J
1^906
Bid 1 Ask
83%
ti ty/tesi
l
24 American Cement....M 60
16 American Bad ways.... 50
635 Cambria Steel.......... 50
180 Kiectrto Co ot America 10
47o Eleo Storage Battery..iu0
2,466 Gen Asphalt tretis ....100
737
Do p>rM tootfs ....100
86
87% & 1*180
64% 66
1,288
44% 44% 1,038
16% 16% 4,077
16% 13% o^lo
7 4lais 76% 8.660
89% 39V
82% 82%
|
Lowest
Philadelphia
93% 93V
93 V
1^%
16%
BV
*9
Year(1900)
......
•42V 43%
HV
4i
4?
81% 81%
7o V 78V
Fries* are aU *‘and
intere*Lu
Alt ALV Eleo 14s,38.F-A
Am Gas A Elec 6s'07. F-A
AuiBysoouv os 1911. J-D
Atl City 1st 6b g ’19. M-N
60
Keystone Watch Cuba 100
Len Vail Tran ▼ 10...6O
43
Bang* tor Froviou*
Jot* J
Con. Gas ELL. A Pow.100 40 Mar21 62 Oct 18 30 Mar 48 Dee*
Do
100 »0 Mari! 90 J’ly 14 76 Mar 89 May
pref
132
97 Northern Central...... 60115 Jan
F^028 100 Jan 12L4.1>ee'
Seaboard (new)
100 J sV J’ly 29 274Jan 5 1IV Feb 28% Dee
Do
2d prel.
...100 40 Cot 17 47 sao 8 22 V Feb 48 Dee
United By A Electric.. 60 l2VMay 3 15 4 J’ly 16
uV Peb 14% Dee
125%
20%
♦41
Betide steel
19%
Wukee
.....
BergA KBrw 1st 6s’21 J J
6s 1998.%-F
8E»
73
Indiana Union Tr....loo
Insurance co of N A..10
Inter Sm Pow A Cbem.50
Tidewater steel
......
•19%
Banga Sine*
......
Bonds
Central Coal A Coke. 100
Preferred.
.....
PHILADELPHIA
A*k
inactive sleek*
▲teal Asbestos Corp.100
too
Preferred
American Milling
lo
Amer Pipe Mfg..,...ipO
Bell Teicmhone (Pa). 100
Cambria iron.....
60
Indianapolis st
43% 48 T.
82
324
7»% 80
*9%
9%
26% 26V
934 934
.
93
♦42% 43
42% 42V
*uv 4%
4T
48%
30% 32.
79
79%
9%
♦8%
«8V 42%
43
33
64
•23% 24%
42
33
......
*14%
26
H
48%
89%
66%
46%
16% 15%
16% 16V
77
77*1#
B-l
8%
39
89%
26
<
•42V 48
43V 43V
•uv uv
•8%
*
88
••••••
•
......
126% 125%
125% 126%
J
*.
0
•**
•28V
•48
126 VI26 V
20%
♦32
•90
*126
•••••ft
••
J
204
(For Bond* and lnactivs
modes see Oelow)
liattiMsre
•
••••••
*
ACTIVE STOCKS
106
90
92
90% 97
•••••to
••••••
Mt Ver OotDutix 1st os.
122 4 NptNAO P 1st 5s’38 ALN
6% Nor APorTr 1st 6s’J6 J-D
Norfolk st 1st 6s’44..J-J
20
North Cent 4%s 1925 A-O
Senoe A 6s 1926
J -J
93
96
Senes B 6s 1926....JJ
Pitt Ua Trac 6s 1997.JJ
2
Poto Vai 1st 6s 1941..JJ
Sav Fis A West 5s '34 A-O
Scab A Boan 6s 1926. JJ
South Bound 1st 5s..A-O
100% 101
U Ki LAP 1st 4 %S’29 M-N
234%
43
••••••
119
6
19
_
••••••
UU By A El 1st 48’49 M-8
income 4s 1949.....J-D
••••••
loo
104
Funding 6*1936...J-D
100%
106
94
98
<
VaMid 2d ser 6s ’ll.M-8
3d scfms 6s 1916..M-s
4th ser 3-4-681921.M-S
6th senes 6s 1926.M.S
02
924
105V 106% Va (State) 3s new ’32. JJ
Fund debt 2-3* 1991. J J
111
HO
West N C con 6s 1914 J J
106
Wes Va CAP l*t6g’U J J
Wli A Weld 6S..193&.J J
100
94
*9*6*
100%
......
*
*****
a Receipts.
43%
7
9
102 106
108% 199%
96
96
97
98
106
109
74
74%
9$
100
Memphis st 1st 6*’46 J-J
MetStf Wash)lst6s’26F A
••«•••
104%
104% 106
116
107
112
GaSo A Fla 1st 6S1946J-J
G-B-S Brew 3-481951M-S
2d uioome 6s 1961 M-N
K uoxv Tra© 1st 6s ’28A-U
LakeB Ei 1st gn6s’42M-S
Macon ByA Dtist6s,53J J
TisT*
••••••
••••*♦
lu4
30% Georgia P lsttis...’22 J-J
••••••
100%
lu7v 108
.
76
107
102
82V
:
I06
MS
110
110
MIL
83%
107%
111
111
104
107
107
106
ioo
104% 106%
90
84%
62V
84%
100%
102
92
84%
63
86
100%
••••to*
102
103
84
86
84
86
104 106
100% 100%
110
us
5 $25 paid, c$30paid. 3$42% paid.
1330
THE CHRONICLE
imrestmewt and
KA1LHOAD
[VOL.
LXXXX1
Railroad |utelligeuce.
GKOSS
EARNINGS.
The following table shows the gross earnings of every STEAM
railroad from which regular
weekly or monthly return8
Ban be obtained.
The first two columns of figures give the gross
earnings
for the latest week or month, and the last two
columns the earnings for the period from July 1
to and including such latest week or month.
We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal
year does not begin with July, but covers some other
period
The returns of the electric railways are brought together separately on a
subsequent
Latest Gross
ROADS
Week
Month.
Ala N O A Tex Pac
N O A Nor East.
Ala A Vicksburg.
Vicks Shrev A P_
Ala Tenn A North.
Atch Toneka A S Fe
Atlanta Birm A Atl
Atlantic Coast Line
g Baltimore A Ohio
B A O Ch Ter RR
Earnings.
Current
or
October
October
October
.September
September
July 1 to Latest Date.
Year.
Previous
Year.
$
$
295,938
169,190
134,620
Current
Year.
__
335,826
164,777
137,773
Copper Range
July
Cornwall
_
_
_
.
6,504,203 6,287,926 17,844,045 17,057,384
1,162,399
775,599 3,475,123
7,304,835 7,237,348 20,372,04/ 19,738,374
1,621,007 1,423,223 4,325,777 3,767,217
872.257
875,126 2,579,002 2,450,626
York Cen tral.
195,990
231,323
554,198
623.514
568,890
557,451 5,983,515 5,665,391
70,733
77,920
70,733
77,920
13.964
14,633
48,218
42,624
30,403
38,156
103,251
113,738
190,880
158,898
631,191
484,536
1,763,208 1,618,919 5,263,884 4,867,835
3,046,594 2,940,504 9,136,527 8,995,928
498,300
501,000 9,260,458 8,916,329
30,252
23,850
449,217
409,270
54,931
49,593
736,090
559,574
62,838
59.703
679,887
632,326
23,058
22,527
441,086
448,145
1,138,620 1.454.173 3,594,055 4,204,335
92,943
99,987 1,244,024 1,225,719
581,221
554,495 1,768,244 1,743.579
5,112,179 4.875.173 15,115,959 13.714,456
2,017
1,995
6,116
5,619
84,185
79,507
277,334
250,468
266,710
268,287
725,925
697,560
_
__
Mo Pac &
Central
iron
Mti
16,275,359 16,265,155
1,965,521 2,095,587
662,531
666.874
685,876
725,752
17,962,952 17,689,189
315,361
313,859
2,186,401 1,992,264
20,612,729 19,294,070
3.411.334 3,078,983
2,950,299 2,785,692
1,163,622 1,168,100
577,921
452,207
2.576.335 2,156,773
658,261
569.374
9,024,981 8,568,324
133,736
116,526
323,797
292,254
18,204,412 16,924,717
51,184
2,505,211
120,801
2,571,000
555,756
254,111
52,559
2,494,157
109,445
2,378,000
288,346
1,939,548
8,252,696
296,974
1,826,608,812,285
230,437
10,203,852
195,991
9,425,146
Branch_J 4th wk Oct 1,527,000 1,581,000 18,590,094 18,160,961
Nashv Chatt & St L September
970,828
934,410 2,854,041 2,781,413
a Nat Rys of Mex.L
1st wk Nov 1,126,810 1,054,396 22,289,159
19,257,428
Nevada-Cal-Oregon 4th wk Oct
12,660
12.704
152,769
195,296
Nevada Central
6,046
septem ber
6,S6'<
18,110
18,449
N O Great Northern September
143,024
105,979
436,498
312,792
N O Mobile & Chic. Wk Oct 29
38,972
34,590
566,578
489,700
N Y Ont A Western September
826,343
713,930 2,739,215 2,432,353
AGGREGATES OF GROSS
Weekly Summaries■
Cur'nt
Year Prev’s
$
13,462,769
19,342,788
13,436,925
13,898,196
14.164,775
$
N Y N H & Hartf..
N Y C & Hud Riv
Lake Shore & M S
n Lake E A West
Chic Ind A South
e
Year
Inc.
or
Dec.
September
September
September
September
September
Michigan Central. September
Cleve C C & St L.
Peoria A Eastern
Cincinnati North.
Pitts & Lake Erie
Rutland
N Y Chic & St L
Toledo A Ohio C_
Tot all lines above
N Y Susq & West..
Norfolk Southern._
Norfolk & Western.
Northern Central.
Northern Pacific
Pacific Coast Co
,
_
Pennsylvania Co
d Penn—E of P & E
d West of P & E.
Pere Marquette
PhUa Balt A Wash.
Pitts Cln Ch A St L.
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
Current
Year.
July 1 to Latest Date.
Previous
Year.
Current
Year.
Previous
Year.
5,665,765 5,354,172 16,475,341 15,552,160
9,349,556 8,860,782 26,804,142 25,175,649
4,487,125 4,269,028 13,187,251 12,486,004
532,663
516,505 1,507,474
1,404,617
269,734
282,59
779,575
819,637
2,634,249 2,557,816 7,915,488 7,252,566
2,792,529 2,623,288 7,990,364 7,541,025
363,304
300,935
974,583
831,983
128,886
124,582
366,867
331,751
1,537,471 1,533,378 4,670,308 4,452,703
340,018
301,244
966,770
882,375
936,075
844,017 2,783,405 2,554,147
516,241
412,076 1,485,056 1,163,374
23887851 22 626248 69,431,28-1 34,895,831
306,088
316,249
910,608
801,991
227,880
209,774
€92,005
633,672
3,220,664 3,033,344 9,290,862 8,507,651
,121,819 1,091,519 3,220,470 3,115,670
6,617,992 7,589,339 19,123,078 21,198,295
753,157
714,352 2,337,542 2,271,721
5,154,607 4,962,54/ 15,269,697 14,067,027
14267059 13844558 42,023,623 40,305,323
Inc ATS, 000
Inc.2,162, 800
1,438,695 1,472,408 4,262,848 4,040,438
1,672,090 1,572,890 5,186,295 4,601,695
3,168,548 2,914,635 8,976,118 8,126,621
12,538
10,866
36,816
34,270
Raleigh ASouthport
Reading
Company
Phila A Reading. September 3,830,102
3,677,901 10,888,775 10,280,763
Coal A Iron Co__ .September 2,286,628
2,037,895 5,686,397 5,415,154
Total both cos... September 8,116,730
5,715,796 16,575,172 15,695,918
Rich Fred A Potom September
176,133
143,901
550,070
481,534
Rio Grande June
Rio Grande South
Rock Island Lines.
St Jos A Grand lsl_
St Louis A San Fran
Chic A East Ill..
August
97,160
85,845
186,896
4th wk Oct
171,365
18,951
8,674
221,530
147,808
September 6,249,659 5,973,175 17,659,878 17,366,909
August
165,591
154.407
306,813
296,495
September 3,761,537 3,636,202 10,746,749 10,498.873
September 1,072,884
990,667 3,106,628 2,813,877
/ Evans A Ter H September
256,351
220,513
753,588
645,349
Total of aU lines. September 5,090,773 4,847,383
14,606,965 13.958,099
St L Rky Mt A Pac. September
177,848
143,117
512,920
420,470
St Louis Southwest. 1st wk Nov
288,525
276,750 4,366,621 4,050,930
San Ped L A A S L September
634.845
655,492 1,898,160 2,118,782
Seaboard Air
_
_
Line.!
Atlanta A Birm. I 4th wk Oct
624,061
497,257
Florida W Shorej
Southern Indiana
August
169,637
121,267
Southern Pacific Co September
11929727 11531903
Southern Railway
4th wk Oct 1,745,271 1,608,104
Mobile A Ohio
4th wk Oct
326.694
302,344
Cln N O A Tex P. 4th wk Oct
266,468
278,501
Ala Great South. 4th wk Oot
147,490
144,013
4th
Georgia So A Fla.
wk Oct
64,057
65,509
Texas A Pacific
1st wk Nov
355,519
348,920
Tidewater A West. September
7,242
6,748
Toledo Peor A West 4th wk Oct
46,193
40,926
Toledo St L A West 1st wk Nov
79,578
80,231
Tomblgbee Valley. September
6,741
6,230
Union Pacific Syst. September 8,609,636 8,100,373
Vandalia
September
973,067
863,432
Virginia A Sou West September
107,181
102,443
Wabash
1st wk Nov
636,632
608,026
Western Maryland. August
702,582
577,598
W Jersey A Seash.. September
714,908
622.408
Wheeling A Lake E September
640,041
615,313
Wrlghtsvllle A Tenn September
32,710
37,270
Yazoo A Miss VaU. October
951,865 1,024,095
_
Various Fiscal Years.
Inc. 197, 494
372.874
317,667
Week or
Month.
605.423
York Cen tral.
September
Cornwall A Leban__ September
Cuba Railroad
September
Delaware & Hudson September
Del Lack A West.
September
Denv & Rio Grande 1st wk Nov
Denver N W & Pac 4th wk Oct
Det Tol & Iront Sys 4th wk Oct
4th wk Oct
Ann Arbor
Detroit A Mackinac 1st wk Nov
Dul & Iron Range.
September
Dul Sou Sh & Atl__ 4th wk Oct
E1 Paso A Sou West September
Erie
September
PalrchUd & Nor E_ September
Fonda Johns & Glov September
Georgia Railroad. September
Georgia South A Fla —See Sout hern Rail way.
Grand Trunk Syst. 1st wk Nov
902,420
902,197
Grand Trk West. 4th wk Oct
172,766
161,067
4th
Det Gr Hav A Mil
wk Oct
71,382
65,041
Canada Atlantic. 4th wk Oct
75,139
68,817
Great Northern Syst September 6,294,922 6,816,338
Gulf & Ship Island. August
163,634
157,928
Hocking Valley
September
770,751
760,844
IUlnols Central
October
5,466,769 5,301,602
Internat A Gt Nor. 1st wk Nov
176,000
191,000
a Interoceanlc Mex. 1st wk Nov
115,790
115,621
Iowa Central
4th wk Oct
77,819
79,686
Kanawha A MIch__ August
311,725
238,213
Kansas City South. September
876,588
734,165
K C Mex & Orient.
4th wk Oct
62,000
56,000
Lehigh Valley
September 3,010,765 2,887,555
Lexington & East__ September
46,398
39,182
lnc.2 7. 091
Long Island
'•September
Louisiana & Arkan. September
129,356
117,648
Hend
St
Loulsv
&
L September
116,171
105,849
s Loulsv & Nashv.
4th wk Oct 1,551,695 1,525,820
Macon & Birm’ham October
15,626
16,785
Maine Central'.
.September
860.258
828,413
Maryland & Penna. September
43.964
40,376
a Mexican Railway. 3d wk Oct
145,800
134,400
a Mexico Nor West. September
183,875
103,136
—See New York Cen tral.
Michigan Central
Mineral Range
4th wk Oct
17,606
24,326
110,822
Mlnneap A St Louis 4th wk Oct
116,906
Minn St P & S S M\ 4th wk Oct
613,858
782,814
Chicago Dlvts on1
Mississippi Central. September
79,273
72,175
u Mo Kan A Texas. October
3,111,828 2,856,104
ROADS.
1,159,559
_
Chic Ind A Southern
See New
Chic Mil A St Paul. September
Ch MU & Pug Sd_ September
Chic A North West. September
Chic St P M & Om. September
Cin Ham & Dayton September
Clev Cln Chic & St L —See New
Colorado Midland-_ September
Colorado A South
4 th wk Oct
Latest Gross Eaminos.
Previous
Year.
1,125,792
555,014
519,033
479,785
8,303
6,153
23,870
17,414
9,068,441 8,732,776 26,159,339 25,434,887
4th wk Oct
70,608
76,593
898,613
832,169
September 2,246,774 2,173,130 6,464,588 5,830,732
September 8,417,835 7,933,581 24,515,627 22,677,892
September
136,345
95,403
407,932
285,909
Bangor A Aroostook September
283,016
249,332
726,400
694,467
Bellefonte Central-- September
8,364
5.801
22,278
14,375
Boston & Maine
September 4,176,981 3,983,948 12,130,57/ 11,658,849
Bridgeton A Saco R September
4,750
4,389
16,022
15,353
Buff Roch & Plttsb. 1st wk Nov
193,873
187,020 3,621,285 3,444,469
Buffalo A Susq
August
201,707
224,788
391,432
426,793
Canadian Northern. 1st wk Nov
357,200
340,300 5,583,000 4,451,900
1st wk Nov 2,267,000 2,113,000 39,856,760
Canadian Pacific
34,687,193
Central of Georgia. 4th wk Oct
391,100
413,600 4,293,251 4,056,835
Central of New Jer. September 2,416,792 2,228,715
7,227,399 6,722,656
Central Vermont
September
376,619
349,338 1,000,435 1,018,112
Chattanooga South. 4tu wksept
2,445
2,080
23,980
20,307
Ches A Ohio Lines. 4th wk Oct
898,606
860,771 11,366,527 10,491,828
1st wk Nov
Chicago A Alton
278,190
232,514 5,513,758 5,127.184
Chic Burl A Quine* September 3,395,269 7,806,737 23,849,678 2,533,348
pChlc Great West-- 4th wk Oct
323,121
262,531 4,425,367 3,974,464
Chic Ind & Loulsv. 4th wk Oct
171,353 2,256,766 2,082,657
175,551
__
page.
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Michigan Central
Jan
Cleve Cln Chicago A St Louis Jan
Peoria A Eastern
Jan
Cincinnati Northern
Jan
Jan
Pittsburgh A Lake Erie
Rutland
Jan
New York Chicago A St Louis Jan
Toledo A Ohio Central
Jan
Total aU lines
:
Jan
Northern Central
Jan
d Penn—East of Plttsb A Erie. Jan
d West of Plttsb A Erie
Jan
Phila Baltimore A Washington. Jan
Plttsb Cin Chicago A St Louis.. Jan
Rio Grande Junction
Deo
Texas A Pacific
Jan
West Jersey A Seashore
Jan
—
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
1
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
6,026,559
319,396
225,595
34,893,657 33,657,218
20,304,416 19,166,561
3,540,977 3,381,850
3,193,084
1,512,276
788,094
5,796,706
2,887,012
1,285,004
736,995
5,436,551
21,622
19,789
403,093
1,385,309
21,039
18,851
25,005,765 23,583,841
2,795,721 2,391,013
460,557
1,398,254
310,068
305.077
11,282,054 10,663,936
1,337.698 1,122,655
2,482,839 2,205,439
1,968,008
1,851,142
70,920
72,626
3,134,766 3,174,137
Current
Year.
Period.
Bellefonte Central
Delaware A Hudson
Mexican Railway
a Mexico North Western
e N Y Central A Hudson River.
Lake Shore A Michigan South
n Lake Erie A Western.:
Chicago Indiana A Southern.
a
6,474,327
Sept 30
$61,553
Sept 30 14,899,136
21
Oct
6,750,000
Sept 30 1,624,647
Sept 30 73,774,940
Sept 30 36,900,379
Sept 30 4,078,355
Sept 30 2,705,334
Sept 30 21,902,894
Sept 30 22,171,632
Sept 30 2,566,342
Sept 30
956,833
Sept 30 12,953,927
30
Sept
2,443,115
Sept 30 8,232,928
Sept 30 3,650,743
Sept 30 192337422
Sept 30 9,410,864
Sept 30 122447572
Sept 30 Inc.11,54
Sept 30 14,268,706
Sept 30 25,767,809
Aug 31
742,713
Nov
7 13,227,382
30
Sept
5,082,791
Previous
Year.
$43,627
14,165,202
6,098,900
906,095
67,749,419
32,731,112
3,571,958
2,246,321
19,842,936
20,049,047
2,168,335
856,382
10,235,345
2,252,433
7,225,620
2,792,911
171721819
8,826,764
110448172
2,600
13,066,906
21,716,721
669,254
12,054,719
4,603,891
EARNINGS—Weekly and Monthly.
%
Monthly Summaries.
$
Current
Yr. Previous Y
.
Inc.
or
Dec.
%
Mileage Curr. Yr. Prev.Yr.
$
$
$
week Aug (42 roads)....
12,283,880 + 1,178,889 9.60
January ___236,758
231,362 210,302,210 182,649,825 + 27,652,394 15.14
week Aug (39 roads)
16,765,742 + 2,577,046 15.37
February
236,852
231,652 202,258,490 174,159,723 + 28,098,767 16.15
week Sept (41 roads)
12.381.354
+ 1,055,571 8.52
March
235,925
230,841 237,533,005 204,916,997 + 32,616,008 15.92
week Sept (39 roads)....
+ 884,171
13,014,025
6.80
April
237.569
232,463 225,225,596 196,595,911 + 28,629,685 14.58
week Sept (40 roads)
13.566.355
+ 598,420 4.41
237.560
May
232,494 234,310,642 201,069,381 + 33,241,261 16.53
week Sept (46 roads)
+ 814,119
19,035,149 18,221,030
4.47
June
238,108
232,054 237,036,159 209,270,887 4- 27,765,272 13.27
week Oct
(42 roads)___. 14.399,649 14,023,816
2.68
+ 375,833
July
238,169
233,203 230,615,770 217,803,354 + 12,812,422 5.90
week Oct
(42 roads)
14,838,200 14,158,835
-1-679,365 4.80
August
234,805
230,925 251,505,986 223,666,645 + 17,839,341 7.63
week Oct
(42 roads)
15,114,753 14,512,278
+ 602,475 4.15
September
84,994
82*163 67,702.377 65,214.479 + 2,487,898 3.81
week Oct
(46 roads)
+ 623,798 3.06
20,827,936 20,204,138
October
81,498
79,146 69,014,101 67,173,773 + 1,840,328 2.14
a Mexican currency,
d Covers lines directly operated,
e Includes the New York A Ottawa, the St. Lawrence A Adirondack and
the Ottawa A
N. Y. Ry.. the latter of which, belug a Canadian road, does not make returns to the
Inter-State Commerce Commission,
f Includes EvansviPe A
Indiana RR.
g Includes the Cleveland Lorain A Wheeling Ry. in both years,
n Includes the Northern Ohio RR.
p Includes earnings ol MasonOity
A Ft Dodge and Wise .Minn. A Pacific,
s Includes Louisville A Atlantic from July 1 1909 and tho
Frankfort A Cincinnati from Nov- 1 1909.
t In«
dudes the Mexican International from July 1910.
u Includes the Texas Central In ,1910.
3d
4th
1st
2d
3d
4th
1st
2d
3d
4th
____
-
THE CHRONICLE
Nov. 12 1910.]
1331
—Int., Rentals, Ac.
Weeks.—In the table which
separately the earnings for the fourth week
Latest Gross Earnings by
follows
we sum
of October.
up
The table
46 roads and shows 3.06%
covers
increase in the aggregate over
the
same
week last
year.
Current
Year.
Roads.
Louisv Hend & St Louis
$
21,567
52,322
13,044
3,947
41,746
125,441
19,236
58,291
Sept
July 1 to Sept 30
Sept
Mineral Range
July 1 to Sept 30
Fourth
Week of
Alabama Great Southern
Alabama New Orl & Tex Pac—
New Orleans & Northeastern.
Alabama & Vicksburg
Vicksburg Shreveport & Pac.
Atlanta Birmingham & Atl
Buffalo Rochester & Pittsburgh
Canadian Northern.
Canadian Pacific
Central of Georgia
Chesapeake & Ohio Lines
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisville
Cincinnati New Orl & Tex Pac.
Colorado & Southern
Denver & Rio Grande
Denver Northw & Paciiic
Detroit & Mackinac
Detroit Toledo & Ironton
Ann Arbor
Duluth South Shore & Atl
_
Grand Trunk of Canada
Grand Trunk Western
Detroit Gr Hav & Milw
Canada Atlantic
_J
International & Great Northern
Interoceanic of Mexico
Iowa Central
Kansas City Mexico & Orient..
Louisville de Nashville
Mineral Range
]
Increase.
$
147,490
$
144,013
121,938
77,190
63,620
70,608
303,592
556,200
3,271,000
391,100
898,606
338,360
323,121
175,551
266,468
568,890
717,000
30,252
31,339
54,931
126,826
65,777
53,773
76,593
266,495
457,300
3,224,000
413,600
$
3,477
Decrease.
$
4,888
11,413
9,847
5,985
37,097
98,900
47,000
Nevada-Cal-Oregon
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
Texas & Paciiic
Toledo Peoria & Western
Toledo St Louis & Western
Wabash
62,838
82,943
61,057
1,392,943
1,321,050
71,893
313,000
223,346
77, » 9
62,000
1,551,695
17,606
110,822
613,858
300,000
13,000
1,354
56,000
1,525,820
24,326
116,906
782,814
6,720
0,084
168,956
1,527,000
326,694
1,736,364
12,660
18,951
384,675
524,061
1,745,271
577,553
46,193
95,884
842,447
1,581,000
302,344
1,539,724
12,704
8,674
381,375
497,257
1,608,104
569,442
40,926
95,462
770,021
54,000
12,033
11,439
4,500
6,402
1,740
5,338
3,135
7,044
1,452
221,992
79,686
1,867
6,000
25,875
24,350
196,640
44
10,277
3,300
26,804
137,167
8,111
5,267
Latest Gross
Name of
Road.
Week or
72,426
939,557
623,798
315,759
Month.
Earnings Monthly to Latest Dates.—The table fol¬
lowing shows the gross and net earnings of STEAM railroads
and industrial companies reported this week:
Roads.
$
4,750
16,022
3
4,389
Bridgeton & Saco River.Sept
15,353
July 1 to Sept 30
1,236,580
Chicago & Alton.a
Sept 1,314,818
July 1 to Sept 30
3,946,454 3,591,329
538,704
Chicago Ind & Loulsv.b.Sept
576,802
1,557,236
July 1 to Sept 30
1,718,726
Duluth So Sh & Atl. b.-Sept
299,155
310,502
904,176
July 1 to Sept 30
947,617
Loulsv Hend & St L.a.Sept
105,849
116,171
292,254
July 1 to Sept 30
317,667
Mineral Range.b
74,966
Sept
65,284
224,932
July 1 to Sept 30
187,785
Minn St Paul & S S M.a.Sept 1,270,737
1,669,434
July 1 to Sept 30
3,682,800 4,018,060
732,530
Chicago Division.a
Sept
790,250
July 1 to Sept 30
2,407,976 2,180,808
72,175
Mississippi Central.b
Sept
79,273
195,991
July 1 to Sept 30
230,437
Missouri Pacific.b
Sept 4,739,400 4,663,838
July 1 to Sept 30
13,605,094 13,246,961
New Orl Great Nor.a.-Sept
105,979
143,024
312,792
July 1 to Sept 30
436,498
Pacific Coast
714,352
Sept
753,157
July 1 to Sept 30
2,337,542 2,271,721
Rio Grande Southern.b-Sept
24,804
57,542
119,061
July 1 to Sept 30
167,122
Texas & Pacific, b
1,318,744
Sept 1,390,561
Jan 1 to Sept 30
11,248.636 10,129,847
Toledo St L & West.a.-Sept
317,131
326,008
964,358
July 1 to Sept 30
979,094
Wabash.b
.Sept 2,738,835 2,545,469
7,408,001
July 1 to Sept 30
7,840,241
Current
Year.
Previous
Year.
$
$
1,729
1,737
6,934
6,879
$329,804
S550.076
si,178,937 si,476,755
221,443
221,060
647,093
610,903
112,547
120,342
355,658
312,883
36,260
28,478
82,444
78,460
15,568
1,147
def7,980
42,291
518,990
858,030
1,412,090
1,754,997
220,139
231,941
707,184
753,507
32,723
98,087
1,102,057
3,270,906
55,212
177,292
162,513
561,987
22,095
60,565
385,136
2,165,807
37,340
85,139
1,582,775
4,119,733
40,073
101,628
175,908
607,622
P93.219
P306.480
968,206
2,539,812
P106.066
P335.480
887,723
2,532,513
def 590
30,399
456,568
2,057,705
INDUSTRIAL COMPANIES.
-Gross
Current
Year.
Companies.
Ed El Ill Co(Boston)
Oct
July 1 to Oct 31
Eamings-
$
427,636
1,458,620
Previous
Year.
-Net EaminosPrevious
Current
Year.
Year.
$
$
397,586
1,276,322
243,781
778,932
$
210,183
631,069
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes,
p For September miscellaneous charges to Income showed a credit of
$6,410, against a charge of $12,416 in 1909, and for period from July 1 to
Sept. 30 were $19,765 in 1910, against $28,681 in 1909.
s After allowing for miscellaneous charges and credits to Income for the
month of Sept. 1910 total net earnings were $237,097, against $510,355 last
year, and for period from July 1 to Sept. 30 were $970,716 this year, against
$1,358,384.
a
Interest
Charges and Surplus.
—Int., Rentals, Ac.—
Roads.
•
Bridgeton & Saco River.Sept
July 1 to Sept 30
Duluth So Sh & Atl
Sept
July 1 to Sept 30
Current
Year.
Previous
Year.
3
3
598
596
1,795
' 96,821
290,175
1,866
92,306
277,615
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
$
1,131
5.084
#23,781
#86,129
$
1,141
COMPANIES.
$
323,566
Jan. 1 to latest date.
Current
Year.
$
Previous
Year.
$
2,939,780
2,715,092
149,141
52,330
8,248
34,910
1,261,486
422,183
79,827
1,158,406
395,496
70,749
Blrm’ham
216,505 183,187
Ry Lt & P July
11,975
12,832
St Ry September
25,890
28,835
Cape Breton Elec Co. September
Carolina Pow & Lt Co September
17,545
17,402
Central Penn Trac
68,199
62,979
September
Chattanooga Ry & Lt September
77,022
67,806
Chicago Railways Co. September 1 175,420 1066,056
Cleve Painesv & East September
33,647
31,361
Dallas Electric Corp. September
119,804 107,570
1,496,110
BrocKt’n & Ply
94,130
217,063
154,349
623,109
650,947
9,014,329
269,381
1,037,613
7,789,095
810,727
1,756,761
460,332
445,992
1,276,482
103,902
187,804
141,318
564,747
574,785
8,188,754
242,206
931,301
6,629,901
723,602
1,481,078
426,875
346,441
Bangor Ry & Elec Co September
Baton Rouge Elec Co September
Binghamton St Ry.. July
Detroit United Ry.. 4th wk Oct
Duluth-Superior TrCo September
East St Louis & Sub. September
El Paso Electric
September
Falrm & Clarks Tr Co September
Ft Wayne & Wabash
Valley Traction Co September
Galv-Hous Elect Co. September
Grand Rapids Ry Co. September
Havana Electric Ry. Wk Nov 6
Honolulu Rapid Tran
& Land Co
September
242,615
93,570
211,249
54,846
62,032
213,255
87,217
136,685
110,145
101,019
43,576
132,736
100,837
97,626
45,022
1,134,725
966,136
856,661
1,822,517
1,038,350
894,605
776,022
1,708,488
37,214
37,725
28,732
455,137
38,375
584,287
108,207
369,446
99,820
382,061
155,899
466,738
158,234
202,156
334,557
305,614
237,450
4,404,389
423,414
242,425
3,870,153
350,587
5,496,114
5,054,811
913,664
3,456,776
806,979,
3,326,109
1,341,847
4,629,019
835,061
3,116,885
706,129
2,939,765
1,266,683
4,445,669
1,837,406
923,376
1,833,958
1,634.172
805,290
1,707,853
199,464
1,445,274
184,050
3,547,647
1,410,887
176,402
50,501
47,695
Illinois Traction Co_. September
Jacksonville Elect Co September
26,710
529,291
45,995
Kans City Ry & Lt Co September
628,685
Lake Shore Elec Ry.
115,009
401,958
108.901
463,076
163,307
493,491
172,065
224.901
119,813
193,914
21,251
23,264
September
September
September
September
September
September
September
September
August
Milw El Ry & Lt Co.
Milw Lt Ht & Tr Co.
Montreal Street Ry..
Nashvllle Ry & Light
New Orleans Ry & Lt
Norf & Portsm Tr Co
North Ohio Trac & Lt
North Texas Elec Co.
Northwest Elec Co__ October
Paducah Tr & Lt Co. September
Pensacola Electric Co September
Port(Ore)Ry,L&P Co September
P iget Sound Elec Co September
160,545
982,762
642,731
7,364,602
5,607,495
92,034
260,829
51,598
481,158
14,701
44,969
239,415
428,580
205,012
88,285
200,496
49,523
568,494
13,472
47,108
766,750
2,150,573
468,183
722,808
1,776,271
451,818
133,991
459,205
217,738
379,981
192,031
2,178,648
3,195,938
120,410
436,254
1,981,436
2,857,291
5,766,559
£13,800
£11,468
£5,437
£13,455
£10,521
£5,400
224,313
624,261
34,835
490.209
Rio de Janeiro Tram
Light & Power Co September
St Joseph (Mq) Ry Lt
Heat & Power Co
Sao Paulo Tr Lt & P
Savannah Electric Co
Seattle Electric Co
Sou Wisconsin Ry Co
September
September
September
September
September
Tampa Electric Co_. September
Toledo Rys & Lt Co. September
Toronto Ry Co
September
Twin City Rap Tran. 4th wk Oct
Underground El Ry
_
_
.
of London—
Three tube lines
Wk
NOV
5
Metropolitan Dlst. Wk Nov 5
United Tramways. Wk Nov 5
UnionRy,G&ECo(ill) September
United RRs of San Fr September
Whatcom Co Ry & Lt September
c
109,422
184,430
19,096
21,649
420,777
179,956
_
Previous '
Year.
Current
Year.
Previous
Year.
$
350.519
161,598
54,806
8,881
37,330
American Rys Co
September
cau Elgin <5e Chic Ry September
__
Net
Earnings.
Current
Year.
Houghton Co Trac Co September
A22
Previous
Year.
$
$
$
16,838
#15,303
#12,213
47,175
#31,720
#32,747
13,190 #defl0,657
#2,402
39,584 #def43,732
#2,769
#16,181
#7,761
46,253
#61,972
139,549
#8,542
#2,915 #defl9,062
18,574
#6,024 #def22,002
56,804
AND TRACTION
RAILWAY
60,590
4,198
171,353
Bad. of Net Earns.—
Current
Year.
allowing for other income received.
ELECTRIC
17,946
20,827,936 20,204,138
Total (46 roads)
Net Increase (3.06%)
After
x
37,835
]
Missouri Paciiic
Mobile & Ohio
National Rys of Mexico
Nor—Sept
July 1 to Sept 30
Rio Grande Southern
Sept
July 1 to Sept 30
New Orl & Great
22,500
860,771
356,306
262,531
278,501
557,451
721,500
23,850
33,079
49,593
59,703
99,987
65,509
Georgia Southern <& Florida
Minneapolis & .St Louis
Minneapolis St P & S S M
Chicago Division
1909.
1910.
October.
Previous
Year.
241,764
653,921
33,781
4,106,489
6,258,027
£560,305
£472,015
£281,222
2,137,596
5.667,220
299,290
£553,755
£432,099
£269,194
2,016,724
5.457,039
295,190
These figures are tor consolidated company.
Electric
Railway Net Earnings.—The following table gives
railway gross and net earnings
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Sept. 24 1910.
The
the returns of ELECTRIC
Nov. 26 1910.
—Gross
Current
Year.
Roads.
Earnings
$
Aurora Elgin & Chic.b. .Sept
July 1 to Sept 30..
Chicago Railways Co
Jan 1 to Sept 30
Honolulu RT & LtCo.
Illinois Traction Co
Jan 1 to Sept
30
a
#49,321
n
Previous
$
$
$
149,141
480,453
Sept
1,175,420
9,014,329
1,066,056
8,188,754
b.July
38,509
37,278
37,214
334,557
Sept
529,291
4,404,389
34,525
35,679
37,725
305,614
455,137
3,870,153
Kingston Consol Ry.b—
53,199
July 1 to Sept 30
N Y State Rys.b—
947,265
July 1 to Sept 30
Jan 1 to Sept 30
2,543,417
Schenectady Ry.b—
352,479
July 1 to Sept 30
Jan 1 to Sept 30
898,548
Toledo Rys & Light Co.Sept
239,415
Jan 1 to Sept 30
2,178,648
United Rys of St L.a—Sept
965,943
Jan 1 to Sept 30—... 8,559,204
Utica & Mohawk Valley, b—
354,160
July 1 to Sept 30
Jan 1 to Sept 30
942,354
5,068
#34,281
Current
Year.
161,598
522,716
August.
September
Jan 1 to Sept 30
—Net Earnings
Previous
Year.
Year.
74,673
78,421
251,642
264,450
«352,626
7*319,817
7*2,704,298 7*2,456,626
16,656
18,749
18,365
18,196
18,905
20,973
149,674
160,347
200,996
232,834
1,645,181
1,815,642
50,062
31,695
25,107
862,240
1,696,757
387,793
965,996
340,316
643,138
296,164
745,292
163,214
365,574
217,738
1,981,436
924,993
8,195,315
86,008
825,082
323,761
2,790,378
136,146
284,915
95,959
847,387
335,636
2,977,610
328,524
898,290
173,652
407,057
133,669
345,113
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
These
figures represent 30% of gross earnings.
*■
1323
THE CHRONICLE
Interest
Charges and Surplus.
—Int., Rentals, Ac.—
Current
Previous
Year.
Year.
Roads„
$
Aurora Elgin & Chicago Sept
July 1 to Sept 30.
Honolulu RT & Lt Co. .July
.
33,053
98,661
6,938
August
6,940
September
6,940
Jan 1 to Sept 30
58,818
Kingston Consol Ry—
July 1 to Sept 30
12,333
N Y State Railways—
July 1 to Sept 30
204,942
Jan 1 to Sept 30.
558,129
Schenectady Ry—
July 1 to Sept 30.
38,554
Jan 1 to Sept 30
112,247
Toledo Rys & Lt Co
Sept
78,192
Jan 1 to Sept 30.
690.710
United Rys of St Louis. .Sept
233,233
Jan 1 to Sept 30
2,100,709
Utica & Mohawk Valley—
July 1 to Sept 30
73,960
Jan 1 to Sept 30
221,234
_
#
—Bal. of Net Earns.—
Current
Year.
$
$
Previous
Year.
$
29,413
87,663
6,144
6,378
6,378
55,757
#106,793
#11,149
#12,448
#15,154
#99,467
10,228
19,362
14,879
154,066
323,124
#304,274
#780,828
#261,924
#477,432
36,598
108,826
75,484
652,203
232,132
2,101,632
#127,507
#261,943
#102,948
#186,306
#8,261
#136,773
#197,383
#96,548
#720,315
#107,839
#907,049
74,712
221,576
#100,439
#187,895
#59,967
#125,759
45,368
165,789
#12,387
#12,101
#12,482
45,260
163,979
#20,834
After allowing for other income received.
ANNUAL REPORTS.
Annual Reports.—An index to annual reports of
steam
railroads, street railways and miscellaneous companies which
have been published during the
preceding month will be
given on the last Saturday of each month. This index will
not include reports in the issue of the “Chronicle” in which
it is published.
The latest index will be found in the issue
of Oct!. 29.
The next will appear in that of Nov. 26.
Canadian Northern Ry.
(Report for Fiscal Year ending June 30 1910.)
President William Mackenzie, Toronto,
Ont., in the re¬
port submitted at annual meeting on Oct. 15, said in sub¬
stance:
General Results.—The gross earnings show an Increase of
$3,251,294, or
30.7% and the net earnings an Increase of $778,028, or 21.82%. The work
lng expenses, Including all taxes, were 74.01% of the gross earnings of the
railway proper and 68.59% of the gross earnings from all sources, compared
with 72.55% and 66.30% respectively last year.
An examination of the gross earnings shows that the
development of the
territory tributary to your railway Is proceeding with great rapidity.
In
passenger receipts the Increase Is $486,754, or 25.24%, and to keep
pace
with the demand for train service considerable new passenger
equipment is
now on order.
The receipts from freight traffic also show a
substantial
Increase over last year, the figures being $2,621,184, or
35.04%.
The
movement of grain, live stock, immigrants’ effects, lumber and
building
materials generally show a very substantial Increase.
The Dominion Government figures of grain
reported at Winnipeg dis¬
close the fact that the proportion of the total crop carried
by your railway
Increases year by year.
The returns for the crop of 1909 show that your
company carried 31 % of the total shipments from the Provinces of Manitoba,
Saskatchewan and Alberta, a very satisfactory showing,
especially in view
of the fact that the company has operated but a few
years in the Province
of Saskatchewan, and more recently still In the Province of
Alberta.
The
remarkable Increase In immigrants’ effects of 1,939 cars, or 62% over
the
previous year, and 12,211 cars, or 128% over the year 1909, of coarse build¬
ing materials, are gratifying proofs of the opening up of new districts and
the Improvement In the quality of commercial and domestic
construction In
the towns.
The expansion applies to practically every district which
your
railway serves.
Commercial conditions generally throughout Western
Canada are reflected In the substantial Increase In freight revenues from
the
movement of westbound business.
New Lines.—The average mileage operated was
3,179, compared with
3,013 the preceding year.
The most noteworthy of the lines taken over
from the construction department Is that from Zealandla to
Klndersley on
the S&skatoon-Calgary line, which has opened up a
remarkably extensive
and fertile tract of country.
During the early spring as many as 40 car¬
loads of Immigrants’ effects were dally being hauled to
Klndesley, which,
although a town of less than one year old, has nearly 1,000 Inhabitants.
It Is expected the line will reach Calgary at an
early date, and give that
Important city Its first competitive railway. Considerable stretches of line
which have been constructed had not been formally taken
over by the
ating department on June 30 1910, although an Immigration serviceoper¬
was
being furnished by the construction department Into several new districts.
The expansion of lines now In hand assures
considerable development
In the Immediate future.
The tapping of the enormous timber
limits of
the Crooked Lake region, northwest of Prince Albert, has
already been com¬
menced.
Construction work has also been started on the branch
line
to the Brazeau coal fields, which will furnish an
Inexhaustible
of the
finest fuel to Central Alberta and Western Saskatchewan. It supply
Is hoped that
with the completion of the line from Morinville to Athabasca
to
bring much nearer development the asphalt and other deposits inLanding
the Atha¬
basca District.
Outlook.—The crop results have proved more conclusively than ever
the
wisdom of building your railway through diversified
territory.
It happens
this year that Southern Manitoba and the country
adjacent to the United
States has a crop below the average, but In the northern
districts, where
your line has Immense territory tributary to It, the crops
are. If
above the average.
Your officers report that the company shouldanything,
carry as
much grain from the crop of 1910 as It did from the
crop of 1909, better
weather conditions prevailing In the northern half of the
wheat-growing
country, and there being an Increased acreage under cultivation
in all sec¬
tions of the Prairie Provinces reached by your line.
For the further devel¬
opment of the resources of the country served there Is needed
a con¬
tinuance of Immigration to meet the demand for labor, which is only
as great to¬
day as It has ever been In Canada, and In that connection
arrangements
have been completed for a more extended campaign In Great
Britain.
Lands.—The land salesdurlng the year were 246,996 acres, for
$2,561,072
—an average of $10 86 per acre, compared with 116,662
acres for $1,091,722
—an average of $9 36 per acre last year.
Among the sales is one to a col¬
onization company which purposes to establish settlers of the
very best class
In the districts east of Prince Albert, which Is
especially suitable for mixed
farming, and which, by reason of Its wooded character, appeals strongly to
settlers from Great Britain.
Since the close of the fiscal year a number of
other sales have been made at higher values per acre, and others are
pend¬
In February 1899 an Issue of $2,000,000 of land grant bonds was
ing.
au¬
thorized, secured by certain lands. The general balance sheet shows that,
after providing for the retirement of the total Issue, there Is a
surplus of
$2,733,379 In the hands of the trust company belonging to your company.
In addition to which there Is a balance of deferred
payments still to collect
of $597,672.
In June 1909 a further Issue of £1,027,400, or
$5,000,013,
of land grant bonds was authorized, secured by specific lands.
Sales to the
amount of $2,260,810 under this mortgage have been made on the deferredpayment plan, and with the collections your directors have retired
£53,000,
or $257,933, of the bonds, thus
reducing the amount of bonds outstanding
at the close of the fiscal year to £974,400, or
$4,742,030.
The general po¬
sition In regard to land sales Is as follows:
Cash held by Nat. Tr. Co_$4,733,3791 Land-gr’t bond Isa.
1899_$2,000,000
Deferred payments
8,231,2491Land-gr’t bond lss., 1909__4,742,080
,
Total
$12,964,6281 Surp. belong, to Ry. Co_.$6,222,548
In addition to this the
railway company has still 1,151,017 acres of land
to dispose of, having a
value, at present prices, of not less them $14,000,000.
[Vot.
LXXXXI
Canadian Northern Pacijic Ry.—Canadian Northern
Steamships, Ltd.—
Two more
Important steps have been taken during the year towards mak¬
ing the Canadian Northern a trans-continental railway with Its own trans¬
oceanic connections.
A contract has been entered Into between the Ca¬
nadian Northern Pacific Ry. Co. (which was
separately Incorporated on
account of necessary arrangements In connection with the
proposed Issue
of securities guaranteed
by the Government of the Province of British
Columbia) and the Government of British Columbia, for the construction
of the line from the Province of Alberta to the Pacific
Coast, a distance of
approximately 500 miles. The contract calls for the completion of the
work within four years, and
your directors have not only every reason to
anticipate that It will be finished within the stipulated time, but that when
It Is completed and In
operation It will prove of great traffic advantage to
the Canadian Northern Ry. system as a whole.
[Compare V. 89, p. 1141;
V. 90, p. 696: V. 91, p. 37, 937.]
Through a subsidiary company, viz., the Canadian Northern Steamships,
Ltd., your directors now operate the two fastest steamers In the BrltlshCanadlan service, viz.,
Royal Edward and Royal George. These steamers
are triple turbine vessels built
by the Fairfield Co. of Glasgow, are over
12,000 tons each, with a speed exceeding 20 knots.
They furnish a fort¬
nightly service between Bristol, Quebec and Montreal, and carry His Ma¬
jesty’s malls. Service was Inaugurated In May last, and the result so far
Is quite as satisfactory as your directors
anticipated.
(V. 90, p. 697.)
New Securities.—During the year various Issues of securities were
made
on account of the construction of
additional lines.
In respect to the tw<*
Issues, each of £600,000, 4% 1st M. debenture stock, guaranteed as toprincipal and Interest by the Provinces of Saskatchewan and Alberta, re¬
spectively, on certain branch lines to be constructed, your directors desire
to say that, while the progress of the work of construction has
been quite
satisfactory, none of the lines was completed before the close of the fiscal
year.
The payments authorized by the treasurers of the respective
gov¬
ernments have been charged to “advances to lines under
construction,”
and the balance unexpended appears
on the general balance sheet to the
credit of both governments.
The Interest paid on these securities Is not a
charge on the current year’s business.
(V. 89, p. 40: V. 88, p. 1497, 1619.)
Near the close of the fiscal year an Issue was made of £950,000 Duluth'
Winnipeg & Pacific Ry. Co. 4% 1st M. debenture stock, which your com¬
pany, with the approval of the Government of the Dominion of Canada,
agreed to guarantee as to prlncplal and Interest.
(V. 90. p. 1490; V. 91,
The& Duluth
owns
entire capital stockoperates
&.alny
154.)Lake
Company
of the Duluth
Winnipeg
(V.the
Ry. Co.
89, p. 1279), which
a line
from Fort Frances, on your company’s main line,
southerly to Virginia
(Minnesota), and Is now constructing a continuation of about 78 miles toDuluth, where It has already acquired very valuable terminal properties.
The Importance of this connection to your
company cannot be over-esti¬
mated, because of the ever Increasing movement of passenger and freight
traffic passing through the Duluth gateway to and from Western
Canada.
In addition to this, the Duluth
Company has obtained an exclusive con¬
tract with the Virginia & Rainy Lake Lumber Co.
(having an annual ca¬
pacity of 250 million feet) for the haulage of all Its logs and lumber.
The
railway also has tributary to It the Immense Iron ore mines of the Mlssabe
Range, and shipments must be carried by rail to the Great Lakes forfurtherance by water carriers to destination.
The operation, too, of one of the
largest pulp and paper mills In the United States at International Falls,
near Fort Frances, will contribute
largely to the gross revenue of the Duluth
line, It being estimated that when the complete plant is In operation It will
represent the haulage of over 1,000,000 tons of raw or finished
products
annually, the greater tonnage of which will be handled by the Duluth com¬
pany.
Instead, therefore, of being called upon to make any payments un¬
der the guaranty. It Is expected that the
arrangement will add materially
to the gross revenue of your company.
During the year additional car trust obligations were created to the
amount of $3,000,000 (V. 90, p. 236; V. 91, p. 153, 1095), and
$1,650,000
was repaid on previous obligations, thus
making a net Increase on the
account of $1,350,000.
Considerable mileage has been relald with heavy
steel.
New stations and freight houses have been built and existing
build¬
ings extended at many points.
Industrial tracks have been built.
Toward the close of the financial year your directors arranged for an Issue
of 5% 20-year Income charge convertible debenture stock, secured
by a
general charge on properties of the company, subject to prior charges.
The
total amount of this stock at any time outstanding Is not to exceed an
amount equal to $10,000 per mile of the company’s lines of
railway.
Dur¬
ing the years 1916, 1917 and 1918 holders of the stock have the right toexchange their holdings for an equal amount of fully-paid ordinary sharea
In the capital stock of the company.
The Interest on the stock, at a rate
not exceeding 5% per annum, is payable only out of the net
earnings of
the company.
In and after 1920 the company is entitled to redeem the
stock at par.
Since the close of the financial year $5,000,000 of this stock
has been disposed of upon satisfactory terms, and, as you will see
by the
figures given In the annual statements now submitted to you and by Ita
present earnings, the company will be in a position to meet the full Interest
during the coming year.
(V. 90, p. 1674.)
[Also see offering of perpetual consol, debenture stock, V. 90, p. 770:
also as to other securities see V. 90, p. 1295, 1424, 1489.]
DESCRIPTION OF FREIGHT CARRIED YEARS ENDING JUNE 30.
*
1909-10.
1908-09.
1909-10.
Flour, sacks
Fish, tons..
1,789.768
1,380,207 Immigrants’
Grain, bush. 37,355,010
27,113.077
effects, cars
Live stk.,head
123,635
91,546 Bldg,
ma¬
Lumber, &c.,
terials, cars
feet
294.647.000 247,452,000 Miscellane¬
Flrew’d,cords
189,535
177,231
ous, tons..
(100 lbs.).
5,832
1908-09.
4.547
5,068
3,120
21,758
9.547
1,266,669
1,073,872
EQUIPMENT.
Locomo¬ Passenger
Freight
Cars,
11,735
9,465
8,065
6,868
OPERATIONS, EARNINGS, CHARGES, ETC.
Equipment owned June 30—
1910
1909
1908
1907
tives.
372
346
290
190
1909-10.
Average miles operated
3,179
Operations—
1,268,296
Passengers carried
Passengers carried 1 mllel06,217,424
Earns, per pass, per mile
2,184 cts.
Earns, per pass. tr. mile
$1.08115
Freight (tons) carried..
3,809,856
Freight (tons) one mlle.1356351140
.
0.734
Earns, per ton per mile.
Earns, per mile of road.
Gross Earnings—
2.344 cts.
703,988
60,683,505
2.381 cts.
2.413 Cts.
$1.04453
$1.06704
2,958,802
$1*18601
2,615,580
1,822,220
1000875386 875,287,887
657,437,305
6,911,815
145,904
771,375
72,919
107,266
85,124
13,833,062
10,581,768
9,709,462
8,350,198
6,676,775
5,424,164
6,676,775
(68.77)
3,032,687
2,926,034
695,641
658,743
624,726
280,800
938,399
280,800
577,539
280,800
446,054
Transportation
4,879,153
expenses
Traffic expenses
Gen. exp., lncl. taxes
153,512
568,063
Total oper. expenses.
9,488,672
P. c. of gross earns
(68.59)
Net earnings
4,344,390
Fixed Charges—
Int. on bonds guar, by
Gov’t of Manitoba
709,158
Int. on bonds guar, by
Dominion of Canada.
280,800
Int. on perp. con. deb. stk.1,150,055
Int. on Qu’Ap. L. L. & S.
deb. stock and bonds.
203,983
Int. on 4% land grant bds.
Rentals leased lines
Int. on equip, leases
_
937,036
74,468,415
0.873 cts.
$3,328.00
S'
1,464,256
6,742,587
$
2,415,440
10,102,510
1,091,608
77,599
2,047,831
1,840,112
_
2,509
1,028,787
78,044,255
0.779 cts.
Operating Expenses—
Malnt. of way, &c
Maint. of equipment
Surplus for year.
1906-07.
2,866
$3,387.81
Express
Total fixed charges.
1907-08.
3,013
0.736 cts.
-
Total gross earnings._
1908-09.
Miscel¬
laneous.
611
480
236
226
$3,512.04
$
1,928,686
7,481,326
987,596
74,382
109,777
$4,351.39
Passenger
Freight
Miscellaneous
Malls
cts.
Cars.
325
275
227
185
$
1,846,087
58", 231
1,405,213]
1,200,581
3*853,588
128,722
427.302J
7,015,406
(66.30)
3,566,362
203,983
191,533
223,960
554,143
223,960
480,727
3,313,633
1,030,757
2,919,617
646,745
5,424,164
(64.96)
181,467
96,107
!
223,960
431,248
223,960
306,949
2,353,757
1,882,48
678,930 £ 1,043,54
>
GENERAL BALANCE SHEET JUNE 30.
1910.
1910.
1909.
Liabilities—
$
$
*
Assets—
•Cost of ry.
A eq.133,782,348 116.260,251 Capital stock... 55,000,000
4% cons.deb.8tk.33,058,050
Capital stock A
Bonds
bds. other cos.
$7,408,394).. «5,725,060
1,819.227
Adv. tooth, cos.
Adv. to lines un¬
der construe,
.
55,000,000
24,054,717
44,490,210
05,725,060 Land gr. bds. *99 *2,000,000
1,420,424 Landgr. bds. '09 4,742,080
Car trust bbliga. 11,121,863
736,267
Unpaid pay-rolls
Unpaid audited
944,104
26,727,183
2.000,000
4,805,347
9,776,232
550,214
7.864,011
4,667.129
vonchers
Due to other cos.
2,538,280
924,353
2,688,621
8,231,249
1,412,162
7,273,230 Coupons A divs.
due July 1...
1,347.632
1,642,226
1,149,547
224,563
196,148
108,258
44,136
Due from agents
A cos., traffic
612,651
balances, Ac.
Cash with Nat.
Tr. Co. acct.
land sales....
4,733,379
Cash on hand..
1,796,968
Other cash
68,076,736
Accr. int. on
418,113 Equip,
bds..
replace^-
ment fund
Surplus land gr.
*12,497,029
4.302,637
982.535 Surp. of railway 4,950,860
account
174,053.791 142,397,009
Total
1909.
$
A stock
guar, by Govt.
own'd .cost(par
and Winnipeg
terminal
Del.
payments
on land sales.
Material A supp.
Total
10,531,994
3,948,518
..174,053,791 142,397,009
a This amount represents the stocks and bonds pledged to secure the
4% perpetual consolidated debenture stock at par.
(See list V. 89. p. 1480.)
6 Includes cash with Dominion Gov’t, $975,752; with Province of Mani¬
toba, $1,710,199; with Province of Saskatchewan, $2,076,479, and with
Province of Alberta, $3,314,306.
x The surplus In land grant account. $12,497,029, was obtained after
deducting $2,000,000 land grant bonds (Issue of 1899), as above, the money
to redeem which Is in the hands of the National Trust Co., the gross land
sales having aggregated $14,497,029.
Note.—In addition to the above assets, the company owns 1,151,017 acres
of land in Manitoba and Saskatchewan.—V. 91, p. 1253, 1095.
Louisiana & Arkansas
Ry.
(Report for Fiscal Year ending June 30 1910.)
Texarkana, Ark., Aug. 30 1910,
President Wm. Buchanan,
wrote in substance:
Earnings.—The results of operation show an Increase in gross revenue of
$136,361, or 11.49%.
Operating expenses show an Increase of only $1,586,
or 0.20%.
Taxes show an Increase of $7,901, or 39.74%, leaving an In¬
A number of miles of
crease In the net revenue of $126,874, or 35.18%.
the road which were exempt from taxation for a period of ten years have
now become taxable property; the time limit on a few miles additional will
from now on expire each year or two.
The number of miles operated has
Increased from 225.84 to 255, an Increase of 29.16 miles.
Freight revenue
per ton per mile averaged 1.11 cents, as against 1.04 cents In 1909.
The
average haul per revenue ton was reduced 5.73 miles, due to the opening of
the Georgetown gateway, enabling your company to make deliveries to
the St. Louis Iron Mtn. A Southern Ry., which had hitherto been hauled
and delivered to the St. L. I. M. AS. Ry. at Hope, Ark.
(The number of
tons carried Increased 12.20%: the number carried one mile Increased
4.94%.
See tables below.—Ed.]
Shreveport Terminal Property.—As stated last year, sufficient land was
purchased in the central and business part of Shreveport not only to furnish
ample facilities for your road, but to afford accommodations for other lines.
Terminal tracks have already been constructed to take care of the en¬
tire tonnage handled at present and additional tracks will be constructed
as fast as needed.
The passenger, station, now well under way. should be
completed early next year. The plans for this passenger station were
drawn with a view of furnishing depot facilities for other railroad companies
entering Shreveport over the terminals of the Louisiana A Arkansas Ry.,
and tracks to same will be laid accordingly.
Extension Jrom Min fieri to Shreveport.—This extension was completed and
6ut In operation on Jan. 1 1910, which added 27.15 miles to the track owned
y your company, and Increased the operated mileage 29.16 miles, as shown
above.
The construction company has about 10 miles more to ballast on
this extension before same Is finally accepted by your company.
We have
trackage rights over 2.01 miles of the tracks of the St. Louis Southwestern
Ry. Co., and under a contract with the Shreveport Bridge A Terminal Co.
use their bridge across the Red River.
Funded Debt.—During the year bonds to the amount of $339,000 were
Issued, the
proceeds from their sale being applied to the construction of the
Shreveport branch and acquisition of terminals In Shreveport, and to Im¬
provements and betterments. The amount outstanding June 30 1910 was
r $4,587,000, or $18,360 per mile of completed road.
During the year the third annual payment of $55,000 was made under
the sinking fund clause of the mortgage, which, with previous payments
and the earnings thereon, makes a total credit to this fund of $178,569.
Projected Line.—An engineering corps Is now In the field making perma¬
nent location of line from Jena to Natchez, a distance of about 50 miles.
Rails.—Of the 249.83 miles of track owned. 64.97 miles Is laid, with 60lb. steel and 184.86 Is laid with 75-lb steel.
Maintenance.—The disbursements for maintenance of way and structures
amounted to $806 per mile of road operated, as compared with $918 for
the fiscal year 1908-09
For, repairs and renewals of rolling stock. IncludIng reserves set aside for depreciation, the amount charged to oper¬
ating expenses averaged $1,886 per locomotive In 1910, as against
$1,912 per locomotive In 1909; per passenger car, $1,209 In 1910 as against
$799 In 1909; and per freight and work oar $91, as against $101 In 1909.
Amounts sufficient for maintenance are included In operating expenses
monthly, and set aside for replacements and renewals of roadway and equip¬
ment as such renewals become necessary.
At the end of this fiscal year the
amount standing to the credit of the reserve fund thus created was $529,964.
The amount set aside during the year was $49,300 In excess of the actual
renewal expenditures.
OPERATIONS, EARNINGS, EXPENSES, Ac.
‘
Average miles operated
1
_
191
1909-10.
240
Operations—
266,039
Passengers carried (No.)
6,120,349
Pass. car. 1 mile (No.)..
2.79 cts.
Rate per pass, per mile.
1.194.738
Revenue tons car. (No.)
Rev.tons.car.lm.(No.). 99,047.889
1.11 cts.
Rate per ton per mile—
Gross earns, per mile...
$5,502
$
Earnings—
Freight
Passenger
Mall, express, A mlsc—
Total earnings
Expenses—
Malnt. of way A struo..
Malnt. of equipment...
Conducting transports’n
Traffic expenses
General
Taxes
1,102,544
170,467
49,750
1908-09.
226
1907-08.
226
252,937
5,658,324
259,749
5,956,578
2.75 Cts.
1,064.860
2.73 Cts.
94,381,693
87,714,929
5,556.279
2.85 Cts.
1,176.493
96,281.190
1.04 cts.
1.05 cts.
1.05 cts.
$5,253
$
979,413
155,659
51,328
$5,068
$
922,546
162.436
$5,388
$
985,726
59.539
1906-07.
226
236.241
1,012.135
158.485
46.217
1,322,761
1,186,400
1,144,521
1,216,837
193,891
206,869
207,294
215,912
208,247
332,648
22,892
311,416
19.421
51.845
19,884
196,044
167.855
427,187
51,173
27,785
185,976
343.955
16.705
35,791
14,969
45,932
11,741
COMPARATIVE BALANCE SHEET.
1909.
1908.
1910.
$
$
$
Assets—
8,587.884
8,127,023
7,115.998
Cost of road
1,235,178
1,235,748
Cost of equipment
1,188,175
510.345
265,474
569,545
Cash on hand
11,927
13,223
10,474
Cash in transit
3,425
1,350
Cash with fiscal agents.
1.775
56.375
115,575
Sinking fund trustees
178,569
1,683
4,296
2,937
Due from agents A cond’rs
119,157
101,836
121,433
Due from lndivld’ls A cos
2,594
1,663
1.587
Unexplred Insurance
259,605
219,589
Materials and supplies.
227,860
Total expenses
P. o. of exp. to earnings.
Net earnings
Other Income
Total
835.258
(63.15)
487,503
104,854
592.357
226,390
68,617
xO214)112.500
407.507
825,771
(69.60)
360.629
91.557
452,186
197,930
49.616
(3)112,500
360.046
805.643
(70.39)
338,878
43,636
382.514
194.900
3,065
(3)112,500
310,465
72,049
848.759
(69.75)
368.078
32,365
400,443
174,959
(3)112.500
287,459
112,984
164,850
92.140
Note.—The last two semi-annual dividends on the stock, namely those
Surplus
paid March 16 and Sept. 16 1910, were at the rate of 2 H% per annum, not
8%, as heretofore erroneously reported.—Ed.
1907.
^
$
6,969,408
1,235,178
171,523
17,956
1,350
.
9,679
132,726
1M7
264,420
.
10,892,989
Total assets
Liabilities—
10,326,791
9,072,522
8,803,887
4,500,000
3,750.000
3,898,000
3,750,000
3,748.000
39.338
47,684
30.572
4,326
,4.500.000
4,587.000
Capital stock
First mortgage
Audited vouchers
Accrued mt. on bonds.
Accrued taxes-
23,778
51,621
14,405
76,450
14,900
224,403
28,718
7,272
529,963
1,445
3,425
70,800
10,510
161,408
26,066
27,642
480,663
64,967
8,050
102,208
16,307
26,827
432,180
*811,771
692.203
681,701
1,900
_
Sinking fund reserve
Miscellaneous reserves..
Due trustees 1st mtge..
Renewal reserves
Surplus
4,248 000
46,638
46.675
11,314
41,564
52,790
14,829
1.429
Unpaid wages
Due individuals A cos..
Agents’ drafts In transit.
Unpaid coupons
1,127
1,350
*
.
1.8§°
62.467
5,950
45,833
18,816
26,677
353,230
669.645
8,803,887
9,072,522
10,892,989 10,326,791
•
After deducting reserve tor sinking fund,. $55,000; reserve for.mlsoellaneous purposes, $3,332* and sundry items, $6,950.—V. 91, p. 463.
Total liabilities
New Orleans & North Eastern RR.
(Report for Fiscal Year ending June 30 1910.)
Curran, Aug. 2, wrote in substance:
President D. D.
Physical Condition.—The main and second track are laid with 75-lb.
steel rails.
There are 2,621 lineal feet of steel bridges and 60,184'feet of
wooden trestles—In all 62,755 feet (11.89 miles) of bridge structure In the
main line.
This tncludes Lake Pontchartraln creosoted trestle (5.72 miles.)
There are also 120 feet of steel bridgesand 4,190 lineal feet of trestles on
side tracks.
During the year trestles were shortemed 27 feet incident to
repair work. Side tracks purchased contained 323 feet of trestle.
Equipment.—The company owns 66 locomotives. 54 passenger train cars
2,312 freight and other cars: 600 additional freight cars are being
purchased under an equipment trust maturing in 1913.
During the year
209 cars were purchased and 4 cars were built and charged to additions and
betterments; 219 cars were destroyed or sold, the cost of property being
reduced through the betterment account by the original cost thereof.
There still remain 66 twenty-ton oars which must shortly be replaced by
modern equipment.
During the last ten years the freight equipment has
been increased from 1,692 cars to 2,872 cars, an Increase of 70%, while
the carrying capacity has been Increased 144%.
General Resuus.—There is an increase In operating revenues of $408,014,
or 13.44%, an increase In operating expenses of $172,299, or 8.21%, an
increase in taxes of 54,786,. or 5.09%, and an increase In net operating
revenue
of $230,927.
A dividend of S% on the common stock was paid Sept. 3 1909.
Passenger revenue shows an increase of $65,568, or 11.85%; the earnings
however, from local travel are still $102,416 less than in 1906-07.
Freight revenue has increased $291,992, or 12.87%. The principal
Increases were; general merchandise, $98,684; coal, $59,786: machinery
and castings, $53,505.
There were decreases of $90,565 In ootton aha
$19,186 in oil.
The cotton crop In the territory served by your line was
and
the shortest In many years.
Express revenue shows an Increase of $23,956, or 31.86%, and miscel¬
laneous revenue of $26,612. or 26.39%, due in part to the diversion of
business from competing lines while they were Interrupted by the atom
of Sept. 20 1909 and partly to the development In fruit and vegetable
business and to Increases In switching, storage and car service.
Operating Expenses.—Tbese include In addition to actual expenditures
original cost of all structures superseded and a depredation of 3%
on the original cost of all existing locomotives and cars.
The loss on equipment retired for the year in excess of the depreciation
written up was $37,034: this sum. which was formerly a charge to main¬
tenance. is now charged under the revised accounting rules to profit and
the
loss account.
The Increase In transportation expenses is due to the increase tn tonnage
handled and to advances in the wages of engineers and firemen effective
Dec. 11909.
Transportation expenses include $49,000 on account of advances made in
settlement of personal Injury claims arising from the Little Woods wreck
of Nov. 11 1908.
All important claims have now been disposed of and it is
believed that in the final settlement the company will recover the entire
amount paid on this account.
Additions and Betterments.—The Items provided from capital aggregated
$71,404; those provided from accumulated net revenue aggregated $79,977;
provided from current income, $156,388: total. $307,769.
Property Investment.—This account has been re-stated In conformity
with recent requirements of the Inter-State Commerce Commission by
charging to cost of road; (1) additions and betterments charged during
1908 and 1909 to current Income, $202,954; (2) equipment purchased
during the same years and charged to replacement fund, $173,535: (3) the
unpaid liability on cars purchased under a trust agreement, $173,427. The
same account has been reduced by $202,110. the amount held In replaceand those
mentfund at June 30 1907 to oover the cost of replacing equipment
and not replaced at that date.
retired
(196 MILES.)
1907-08.
1906-07
1908-09.
495,779
535,368
609,145
23,371.802 23,517,290 27,578,576
2.37 cts.
2.50 cts.
2.44 cts.
1,723.937
1,815.515
1,971,711
Revenue tons carr. 1 m.361,607,882 289,726,909 246,803,010 239.847,619
Rev. per ton per mile..
0.71 cts.
0.78 cts.
0.84 cts.
0.91 cts.
Earns, per pass, train m.
$1 25
$1 10
$1 22
: $1 32
Earns, per frt. train m.
$2 52
$2 56
$2 82
$2 69
OPERATIONS AND FISCAL RESULTS.
1909-10.
Passengers carried
535,383
Passengers carried 1 mile 26,540,994
Rev. per pass per mile..
2.33 cts.
Revenue tons carried
2,452,727
Operations—
Gross earnings per
mile.
$15,493
$17,576
$14,720
$15,775
INCOME ACCO UNT.
1909-10.
; $
618,745
Earnings—
Passenger
Freight
2,561.627
Total
’
Oper. expenses wd taxes—
Malnt. of way. and structures..
Malnt. of equipment
Traffic expenses
Transportation expenses
General expenses
Taxes
Total
o.
exp. and taxes to earnings
Net operating revenues
Other income
Total net
revenue
Total
current accounts,
$
595,750
2,080.983
212.277
206.923
3.035.088
2.683,656
369.593
307.647
538,396
91.447
2.369,009
(68.80)
1,074,093
a100.1A4
2,191.924
(72 22)
843.164
90.615
355,297
6724612
86,599
1.017.762
118.367
75,881
2.226.468
(77.21)
657;168
142.761
1,174,277
933,779
790.049
344.490
67.500
336.065
67,500
61,790
(832.490
527,636
112.402
1.143.745
126,847
98,786
Rentals
58,388
24,488
,9,105
(6 H)390.000
893.966
,
Balance, surplus...
aOther inoome includes,
1907-08.
262,730
Deduct—
Fixed Interest on bonds
Interest on Incomes
Hire of equip, (balance)
Interest on equip, trusts
Dividends.
1908-09.
3
553,176
2,269.635
3,443.102
Mall, express, Ao
P
Total Income
Deduct Interest
Other deductions
Dividend
1393
THE CHRONICLE
Not. 12 1910.
.12804111
1,038.382
122,052
94.000
o7,500
t>55,842
8.964
11,706
(5)300,000
781.026
152.753
18,210
(4)240300
’14.042
85307
in 1909-10 rentals, $59,803, and latecest
$40,381. b Includes loss
on
on
dining-car operations, $1,603.
1334
THE CHRONICLE
BALANCE SHEET JUNE 30.
[Owing to change in form of balance sheet, comparisons with
are
inaccurate.]
many items
1910.
1909.
1910.
ASS€tS~m~
$
$
Liabilities—
$
Road & equip
al4,991,824 14,561,682 Common stock
6 000,000
Stock of other cos.
17,800]
18,196 Bds.(seeR.AI.Sec.) 8 ,682,000
Secure, unpledged
85/
Marketable secure.
Mat’l and supplies
Agents
60,819
249,298
63,021
Cash
1,306,652
Traffic, &c., bals.
41,512
Miscel. accounts._
178,090
Equipment trusts.
Def. debit items..
208,756
228,358
73,405
1,171,825
192,895
160,134
231,236
1909.
$
.
Total
a
After
17.117,857 16,637,730
Total
17,117,857 16,637,730
adding
making
deducting
reserve for accrued depreciation, $225,433.
b After
$202,954 for additions and betterments in 1908 and 1909 (see above)
and
sundry deductions aggregating $43,142.—V. 91, p. 1161.
Vicksburg Shreveport & Pacific Ry.
(Report for Fiscal Year ending June 30 1910.)
Various facts from tables in the
report are given below:
Rolling
”
130%.
General Results.—There Is an increase In operating revenues
of $51,201,
or 3.75%, a decrease In
operating expenses of $4,683, or 0.45% and an
increase in taxes of $5,438, or 7.46%.
Net operating revenue shows an
Increase of $50,447 07.
General conditions have improved somewhat,
although the damage to
cotton by the boll-weevil exercised a
continued depressing effect.
The
prospects for the coming year are more favorable and while the
yield of
cotton will be smaller than in the past, it will be
partly offset by corn, rice
and other
crops.
Operating Expenses.—The property has been well maintained and
3%
the original cost of all
equipment has been charged to expenses and
credited to depreciation of equipment.
Maintenance of way and structures
expenses include $69,000 for Red River bridge.
5.95 miles of 60-lb. rails
were replaced with 75-lb. rails
and 70,907 ties were replaced.
Notwithstanding the increase in freight tonnage of 11.68%,the trans¬
portation expense has been $8,363 less than in
preceding year, there being
a reduction in amounts
on
paid in compensation accounts of $10,557.
Additions and Betterments.—The items
provided from capital amounted to
$17,218; those from accumulated net revenue to $18,030 and those from
current income to $57,027; total,
$92,275.
Property Investment.—This account has been re-stated in
conformity with
recent requirements of the Inter-State
Commerce Commission by charging
to cost of road; (1) additions and
betterments charged during 1908 and 1909
to current Income, $97,559; (2)
equipment purchased during the same years
and charged to replacement
fund, $55,890; (3) the unpaid liability on cars
purchased under the trust agreement, $60,573.
The same account has been
reduced by $70,095, the amount held in
replacement fund at June 30 1907
to cover the cost of
replacing equipment retired and not replaced at that date
OPERATIONS AND FISCAL RESULTS (171 MILES.)
Rate per pass, per mile.
Tons of revenue freight.
Tons Of rev. freight 1 m.
Rate per ton per mile
Gross earnings per mile.
1908-09.
421,217
17,259,645
2.72 cts.
2.69 cts.
767,956
782,718
77,733,485
69,606,021
1.08 cts.
1.15 cts.
$8,270
$7,971
INCOME ACCOUNT.
Earnings—
Passenger
Freight
Mail, express, &C
Total
Oper. Exp. & Taxes—
Malnt. of way, and structures
Maint. of equipmentTraffic expenses
Transportation
^
expenses
General expenses
Taxes
Total
P.
of exp. and taxes to earns
Net oper. revenue
c.
Other income
Total net income
Deduct—
Interest on bonds
Interest, rentals, &c
Div. on pref. stock (5%)
1907-08.
466,454
1906-07.
493,491
18,237,589
18,474,031
2.71 cts.
789,636
67,286,948
1.22 cts.
$8,325
898,863
75,273,892
1.26 cts.
$9,146
1909-10.
$
460,613
843,081
114,618
1903-09.
797,918
105,753
1907-08.
$
494,335
818,058
115,301
1,418,312
1,367,110
1,427,694
258,284
253,468
41,971
425,178
53,081
78,290
239,302
272,882
39,739
433,541
51,201
72,853
310,843
288,932
37,756
504,803
53,943
69,950
1,110,273
(78.28)
308,039
a93,951
1,109,518
(81.16)
257,592
69,285
1,266,227
401,990
326,877
257,272
107,140
175,480
6,088
107,140
172,126
10,295
287,815
114,175
288,708
38,169
182,421
74,851
$
463,439
175,480
1__
2.73 cts.
5,195
.
(88.69'
161,467
95,805
Stock
Pass. Freight
Cars.
Cars.
111
2,677
113
2,893
113
3,032
Rails
lb-lb.
117.9
117.9
117.9
80-lb.
189.5
170.3
167.6
$3,795,3321
rev.$4,088,411
Oper. Expenses
Malnt. of way, &c.
Maint. of equip’t.
Traffic expenses..
a
Other income includes rentals and hire of
equipment (balance) aggre¬
and interest on current ac¬
gating $73,151 (against $52,854 in 1908-09)
counts, $20,799.
BALANCE SHEET JUNE 30.
[Owing to change in form of balance sheet, comparisons with
many items in 1909
are inaccurate.]
1910.
1909.
Assets—
$
$
Liabilities—
Road A equipment.a8,296,152 8,186,149
Common stock
Stock of other cos
15,800]
Preferred stock
Miscel. investments.
1,831)
Marketable securities
Cash
Agents
Material A supplies.
Traffic, Ac., balances
Loans A bills receiv.
Miscel. accounts
Eq. trust, per contra
Deferred debit items
100J
686,223
17,604
116,627
24,540
18,000
48,816
41,772
»
After
2,856,500 2,856,500
13,373 Roll, stock rep. fund
80,764 Deprec’n of equipm’t
9,267.465 9,015,383
deducting
1909.
$
2,142,800 2,142,800
15,900 Bds. (seeR.AI.Sec.) 3,245,000 3,245,000
Equipment notes...
60,573
80,764
483,724 Traffic, Ac., balances
32,035
18,187
14,427 Vouchers A wages..
194,218
103,669]
122,939 Miscel. accounts
81,054/
74,106 Accrued interest, Ac.
29,928
29,247
24,000 Accrued taxes
37,601
Operating
reserves..
Oth. def. credit items
Profit and loss.
Total
1910.
$
Total
42,151
91,347
143,872
14,830
b519,603
315,168
.9,267,465 9,015,383
reserve for accrued
depreciation, $126,200. b After adding
$97,559 additions and betterments
charged during 1908 and 1909 to current income
see above) and
deducting miscellaneous debits, $7,299.—V. 91,
p. 1162.
12-lb.
53.8
53.6
53.6
$494,843
725,628
110,854
Transport’n exp.. 1,656,782
General expenses.
94,824
Taxes
133,125
Total
56-lb.
181.4
200.3
203.6
$474,903 [Int.
on
461,454[Leased
bonds, Ac.
line rentals
98,372 [Hire of equipment.
1,724,268[Misc. rents, Ac...
94,352 (improvements, Ac.
119,478[
[
$915,144
$854,613
$523,186
216,553
85,085
2,915
62,631
$488,474
224,552
96,707
11,488
30,275
Deduct—
Total deduc
surplus..
$890,370
$851,496
$24,774
$3,117
BALANCE SHEET JUNE 30.
[Owing to change in form of balance sheet,
comparisons with many items in 1909
are
inaccurate.]
Total
$3,216,056
$2,972,827[Balance,
1910.
1909.
[
1910.
1909.
Asscte—
$
$
[
Liabilities—
$
S
Road & equlp’t..al5,337,361
15,375,277 [Capital stock..
3,000,000 3,000,000
Bds iss’d, pledged.
454,000]
[1st
M.
4%
bonds.
11,500,000
11,500,000
Secure. In treas
314.000)
843,000 [Equip, trust certs.
624,000
733,000
Markt table sccurs.
75.000j
1 Equl., Ac..of leased
Stocks of affiliated,
[
companies
b224,323
Ac., cos., un¬
[Loans & bills pay.
270,000
535,000
pledged
117,915
97,785[Vouchers
A
wages
668,145
Adv. to other cos.
596,428
33,438
[Traffic,
Ac.,
bal.
68,289]
Cash
140,127
142,738
144,520 [Misc. accounts
109,749/
Materials & supp
191,617
240,129[Accrued int., Ac..
84,992
86,967
Agents & conduc.
106,570
125,254 [Accrued taxes
59,312
69,947
Traffic, Ac., bal..
58,399]
298,686 [Def. credit items..
75,718
Misc. accounts
277,709J
( Appropriated surp.
453,614
481,345
Def. debit items..
40,943
9,950 [Profit and loss.
11,548
Profit and loss
..
_
8,213 [
Total..
a
...17,149,690 17,142,814[
Total
..17,149,690 17,142,814
After
deducting reserve for accrued depreciation, $88,418.
b Equipment and personal
property of leased companies is included in
equipment, per contra.
road and
Note.—The company also guarantees
principal and interest on $200,000 Montreal
A Province Line Ry. 1st M.
4% bonds and $275,000 Central Vermont
Transportation
Co. 5% bonds.—V. 91. p.
1253.
Cleveland Terminal &
Valley RR.
(Report for Fiscal Year ending June 30 1910.)
INCOME ACCOUNT.
Operating Revenue—
Freight
Passenger
Mall, express, &c
1909-10.
...
Total operating revenue
Operating Expenses—
Maintenance of way and structures.
Maintenance of equipment
_
expenses
Transportation expenses
General expenses
$1,274,084
$1,056,487
$1,083,529
$183,715
$154,856
105,407
$150,470
492,212
166,405
68,009
24,068
17,478
440,267
18,644
Total operating expenses.
Net operating revenue
Taxes
$890,869
$383,215
$736,652
$319,835
40,358
39,400
Operating Income
Other Income
$342,857
$280,435
510,840
Gross corporate Income
Deduct—
Total deductions
Balance, surplus
.
.14,838,661 15,122,947 [
19,738
$808,622
$274,907
41,655
$312,137
$265,443.
$1,901
$896
1,451
1,640
240,000
1,250
$248,204
$122,566
$245,237
$66,900
GENERAL BALANCE SHEET JUNE 30.
1910.
1909.'
[
1910.
Assets—
$
$
[ Liabilities—
$
Road A equfpm’t.13,153,776 13,442,333
[Common stock.".. 5,200,000
Stocks of affiliated,
[Preferred stock... 2,200,000
Ac.,
cos.
un[1st M. 4% bonds. 6,000,000
% pledged
14,743
14,743 I Int. accr’d on bds.
40,000
Advances9,288
9,288(B. A O. gen. acct.
873,294
Real estate...
936,904
932,509 [Misc. accounts....
3,783
Com. stk. in treas.
584,700
584,700[ileal estate approp
441,725
Pref. stk. in treas.
139,250
139,250 [Profit and loss
*79,859
Def. debit items..
123 [
Total..
127,290
18,912
$370,770
240,000
.
71,607
$233,252
32,191
1,187
5,116
...
Miscellaneous rents
Interest on bonds
Other interest
$845,155
166,766
31,702
27,913
Hire of equipment..
Joint facilities
1907-08.
$822,073
152,574
19,672
Traffic
1908-09.
$855,900
179,787
238,397
„
Total
Balance, surplus
(Miles)
OPERATING STATISTICS.
1909-10.
1908-09.
1907-08.
Passengers carried
1,874,707
1,788,853
1,852,709>
Passengers carried one mile
49,316,196
47,221,735 49,277,510
Earnings per passenger per mile
2.34 cts.
2.29 cts.
2.24 cts.
Tons carrfed
3,678,366
3,252,245
3,111,971
Tons carried one mile
291,575,128 290,161,873 241,353,224
Earnings per ton per mile
0.91 cts.
0.84 cts.
0.96 cts.
Earnings per freight-train mile
$1.94
$1.84
$1.68
Earnings per passenger-train mile
$1.16
$1.09
$1.10
INCOME ACCOUNT.
Oper. Revenue—
1909-10.
1908-00. [
1009-10.
1908-09.
Freight
.T.$2,612,118 $2,426,997 [Operating income. $872,355
$822,505
Passenger.
1,154,914
l,079,806llnt.
on securities.
33,720
22,980
Mail, express. Ac.
291,379
288,529 [Outside operations
9,069
9,128
Total oper.
are laid with 75-lb. steel rails and 49.68miles with 60-lb.
steel rails.
During the year there were laid In the main track 5.95 miles of 75-lb. steel
rails In replacement of 60-lb. steel rails.
There are 36,664 feet of bridge
structure on the main line between Delta and
Shreveport, of which 2,906
feet are steel and iron spans and 33,758 feet wooden
trestles, the same as on
June 30 1909.
Since June 30 1886, the length of wooden trestles has
been
reduced from 56,778 ft. to 33,758 ft. and 280
openings have been closed.
Equipment.—The company owns 31 locomotives, 33 passenger train cars,
and 1,002 freight and other cars; 200 additional
freight cars are being
purchased under trust plan, the last payment due April 1 1913.
During
the year 62 cars were purchased to
replace destroyed cars, 51 cars were
destroyed or sold. There still remain 296 of the old small capacity cars.
Since May 1 1901 the freight equipment has been increased
from 671 cars
to 1,168 cars, or 74%; while the total
carrying capacity has been Increased
Operations—
1909-10.
Passengers carried
413,749
Passengers carried 1 mile 16,921,981
Locomotives.
94
101
101
June 30—
1910
1909
1908
President D. D. Curran, Aug. 9, wrote in brief:
Physical Condition.—Of the 171.47 miles of main track operated, 121.79
miles
LXXXXI
Central Vermont Ry.
(Report for Fiscal Year ending June 30 1910.)
in 1909
6,000,000
8,682,000
Equip, obligations
234,000
231,236
Traffic, Ac., bals.
171,551
133,123
Vouchers & wages
291,5911
475,727
Miscel. accounts..
29,975/
Accrued int., Ac.
89,989
87,300
Matured int., &c_
137,544
132,645
Accrued taxes....
29,778
Operating reserves
185,009
Oth.def.cred.items
19,159
Deprec’n of equip.
149,987
Rolling stock fund
28,575
Profit and loss.
bl ,247,261
717,137
[VOL..
Total
$1,821
985
240,0002,625
$245,431
$20,012
1909.
$
5,200,000*
2,200,000
6,000,00040,000
1,176,056
4,003
441,725
61,163,
.14,838,661 15.122,947
*
After deducting equipment put out of service,
$103,725, and miscellaneous
$145.—V. 89, p. 1223.
Fonda Johnstown & Gloversville RR.
(Report for Fiscal Year ending June 30 1910.)
Hees, Gloversville, N.Y., writes in substance:
Pres. J. Ledlie
General Results.—Freight revenue shows an increase of
$23,612; passenger
revenue, steam division, an increase of $4,488; passenger
revenue, electric
division, an increase of $59,945; other operating revenues an increase of
$24,046; total operating revenues an increase of $112,092;
operating ex¬
penses an increase of $48,205, and net operating revenue an increaseTof
$63,887.
The net Income available for dividends was
$117,174, an in¬
crease of $75,970.
To the net income ($117,174) available for
dividends
could be added the accumulated surplus in accident
reserve fund for the
year of $7,904, which would make the net surplus, after
payment of divi¬
dends, $45,078.
[Jd
Additions, &c.—“Road and equipment” account has been
charged with
additions and betterments aggregating $33,606.
Sacandaga Park.—This,
popularity for many years.
our
*#■*!
summer resort, has continued to
growTin
During the record season of 1909 86,585 pas¬
sengers were carried to the park, yielding a total revenue of
$48,147, con¬
trasting with 74,194 and 85,003 passengers, yielding $43,066 and
$47,311
in 1908 and 1907, respectively.
Nov. li
THE CHRONICLE
1910.)
Financial.—There has been no change In outstanding capital stock or
bonds.
For future Improvements and additions there are available $463,000 first consol, general refunding mtge. bonds, now held in the treasury,
and the unissued $500,000 preferred stock.
Advances made to subsidiary
companies, account new construction, during the year amounted to $24,178.
New Franchises.—The company has recently been granted a 50-year fran¬
chise in Amsterdam, under very satisfactory conditions, for a double-track
road on East Main St., superseding the single-track franchise expiring within
a few years, and for a single-track extension from East Main St. and Vrooman Ave. through the Eighth Ward to Rockton, connecting with the Hagaman line at that point and forming a belt line in the east end of the city.
It is expected that the new line, when built, will not only greatly relieve
traffic conditions in Amsterdam, but will show considerable increase in
revenue from local lines in that city.
INCOME ACCOUNT.
Operating revenue—
Freight
VPassenger (steam dlv.)_
Passenger (electric div.)
Mail
1909-10.
1908-09.
1907-08.
1906-07-
$
247,364
68,653
$
223,752
64,165
474,720
3,236
15,403
$
215,814
66,045
468,376
$
212,88 2
66,389
478,311
3,288
13,666
534,665
Express
17,950
3,148
All other rev. from trans.
Rev. from oper. other
than transportation._
7,088
5,453
3,289
14,732
5,197
25,882
5,880
4,021
Total oper. revenue._
904,751
792,659
777,475
...
774,536
Malnt. of way, Ac
Maint. of equip
Traffic expenses
Transportation expenses
General expenses
80,990
49,284
7,268
227,926
56,054
63,426
43,931
5,772
222,991
37,197
79,095
46,517
5,929
232,971
31,852
84,429
53,775
3,513
230,367
30,498
Total oper. expenses.
P. c. exp. to earnings
Net oper. revenue
Outside operations, def_
421,522
483,229
6,266
373,317
(46.86)
419,342
4,717
396,365
(51.25)
381,110
5,567
402,582
(51.98)
371,954
5,885
Total net revenue
Taxes accrued
476,963
36,491
414,626
34,341
375,543
32,100
366,069
28,968
(46.59)
The fiscal year just closed on July 31 1910 has been a very profitable one
for the company, notwithstanding the fact that we were unable to get the
full benefit of the rise in rubber prices during the year on account of some
rubber contracts ali*eady in force.
The contracts already entered Into for
the sale of our product during the present fiscal year cover approximately
three-quarters of the expected output, and the prices average higher than
the company has received during the last fiscal year.
SURPLUS ACCOUNT.
$248,944
Surplus Aug. 1 1909
Gross profits for year, $2,369,795, less administration and general
expenses, $101,611; net profit for year
2,268,184
Total
$2,517,128.
Deduct—Preliminary expenses charged off
Transferred to “general reserve” equal to pref. stock
1,050,000
912,441
1,986,762$530,366-
Surplus July 31 1910
BALANCE SHEET JULY 31
Operating Income
440,472
30,352
380,285
30,526
343,443
22,891
337,101
26,282
470,824
410,811
366,334
363,383
310,576
8,600
34,474
(6%)30,000
50,000
323,411
8,600
37,596
*3,750
335,488
8,600
319,250
8,600
433,650
37,174
373,357
37,454
income
Gross corp. income
Deduct—
Interest on bonds, Ac..
Leased line rentals
Other rents, Ac
Preferred dividends
Common divs. (2%)
Total deductions
Balance, surplus
•
At the rate of 6% from
CONDENSED
Physical property.
Advances to affiliated, Ac., cos..
Cash
Marketable secur’s
Agents
Miscell. accounts.
Mat’ls A supplies.
Deferred debit items
287,686
154,251
57,075
1,000
31,568
33,920
69,608
7,777
The
Assess—
Plants and other
investments
8,168,219
Pine lands & stump. 1,725,863
22,427,551 21,877,743
Total
338,737
27,597
327,850
35,533
1910.
Liabilities—
$
9,558,439 Common stock
2,500,000
223,049 Preferred stock
500,000
39,325 Funded debt
6,537,000
Loans
A bills pay.
286,470
228,903
Traffic balances..
29,257
Vouchers,wages,Ac.
46,021
Matured int., Ac.
(incl. div. due
July 1)
31,750
Accr’d int., Ac
Def. credit items..
Profit A loss
94,744
9,468
520,161
73,494
492'275
Total
PROFITS AND DISBURSEMENTS.
1907-08.
1906-07.
$1,258,051
(3)607,113
611,916
$2,367,263
(4)809,484
611,916
1
Surplus
surplus
$360,484
*9,130,431
$1,088,629
8,166,605
$39,022
8,187,528
$945,863
7,244,490
Total
$9,490,915
$9,255,234
$8,226,550
$8,190,353
BALANCE SHEET AUGUST
Sales (No. of barrels)
Gross earnings
795,481
1907.
Real estate, &c., &c
14,099,082
Cash
608,805
Bills & accts. receivable.£5,249,370
$
13,530,689
1,569,148
£4,065,061
$
13,436,093
1,092,049
£3,679,036
Products, raw material,
Ac., available
3,848,458
Good-will, patents, Ac__14,103,955
$
13,424,707
1,638,G26
3,031,607
4,511,572
14,339,636
4,239,250
15,368,320
4,208,304
14,595,033
37,909,670
38,016,106
37,814,749
36,898,277
20,237,100
10,198,600
5,000,000
20,237,100
10,198,600
5,000,000
20,237,100
10,198,600
5,000,000
501,773
i/945,455
20,237,100
10,198,600
5,000,000
Commercial accounts
Accrued interest
Expenses
Net earnings
Dividends
Total liabilities
1/1,243,843
18,750
1,317,813
37,909,670
38,016,106
£ Includes advances for merchandise,
cies.—V. 90, p. 1241.
y
18,750
913,071
1,137,869
18,750
305,958
37,814,749
36,898,277
Includes
reserves
for contingen¬
(Statements of July 31 1910.)
Secretary Walter Dutton Oct. 10 1910 wrote:
1
1909 there
was an accumulation of unpaid pref. stock divs.
or about 18 HYo.
These have all been paid, and
in addition current quarterly divs. of 1 %% have been paid on the preferred
stock.
On Sept. 6 1910 a first div. of 1 % was declared on the common
shares, payable on Nov. 1 1910 to stockholders of record Oct. 15 1910.
During the past calendar year the outstanding pref. shares have been
reduced from $4,200,000 to $2,000,000, thereby reducing the dividend
charge ahead of the common stock $154,000 per annum, so that It Is now
but $140,000 per annum.
At the present time the company has no bonded
or floating debt, and its quick assets amount to over $1,800,000, or nearly
the amount of Its outstanding preferred stock.
amounting to $765,441,
22,427,551 21,877,743
1908-09.
1907-08.
761,807
1906-07.
$6,941,499
4,286,002
4,710,168
$1,661,080
$1,473,836
$1,289,646
$2,231,331
$379,140
427,001
298,107
556,832
$379,140
$379,140
427,002
298,107
369,587
427,002
$379,140
427,002
298,109
654,772
Depreciation
943,695
$1,661,080
.
.
298,108
185,397
$1,473,836 „$1,289,647
$1,759,023
$472,308
Previous surplus
4,085,234
4,085,234
4,085,234
3,612,925
Total surplus.
$4,085,234
$4,085,234
$4,085,234
$4,085,233
BALANCE SHEET.
Oct.29 ’10. Oct. 23 ’09.
Oct. 29 ’10. Oct.23 ’09.
Assets
$
$
Liabilities—
$
$
Plant A equlpm’t.19,033,859 18,977,683 Bonds
6,319,000 6,319,000
Cash
470,967
547,492 Preferred stock
6,100,100 6,100,100
Bills rec. & mtges.
,867,524
1,972,393 Common stock... 5,962,250 5,962,250
Acc’ts receivable.
558,771
577,176 Due for mdse
181,363
228,072
Construe,
Bills payable
acc’ts,
175,000
250,000
.
11,003
549,854
22,000
533,949
imprts. at Brew.
Brewery invent’s.
Gen. office inv’tory
Sinking fund acc’t
Total
2,650 Mtge. payable
48,600
568,003 Res.for State tax,&c. 50,000
30,165 Accr’d interest on
457,579
bonds, 4 months
126,380
Undivided profits. 4,085,234
23,047,927 23,133 142
Total
18,600
43,506
126,380
4,085,234
23,047,927 23,133,142
Note.—Unsold stocks and bonds in treasury:
$181,000 bonds of the $6,500,000 auth.; 7,998 shares of pref. stock (par $50), or $399,900 of the
$6,500,000 auth.; 10,755 shares common stock (par $50), or $537,750 of
the $6,500,000 authorized.—V. 91, p. 522.
Independent Brewing Company of Pittsburgh.
(Report for Fiscal Year ending Oct. 22 1910.)
RESULTS OF OPERATIONS.
Sales (barrels)
1908-09.
1907-08.
1906-07..
514,226
$
3,404,579
2,448,558
423,349
$
2,778,604
2,155,529
429,443
$
2,844,486
2,432,238
510,820
$
3,434,974
2.541,255
956,021
623,075
412,248
893,719
270,000
270,000
5,108
257,113
5,557
246,547
270,000
315,000
45,000
6,008
231,899
270,000'
315,000
45,000
4,609
127,705
Total disbursed
532,221
Balance for year
sur.423,800
Undiv. profits prev. yrs.
603,391
522,104
sur.100,971
502,420
867,907
def .455,659
958,078
762,314
sur.131,405
826,673
603,391
502,420
958,078
Income, all sources
Cost of produc. A oper__
Profits on sales.
D i sbu rsements—
Interest on bonds
Preferred divs. (7%)
Common divs. (1%)
Int. on bonds constit.
_
_
cos.
Depreciation
Net
sur.
A undiv.
prof
.
1,027,191
BALANCE SHEET.
Oct.22 ’10. Oct.23 ’09.
$
$
Assets—
Real estate, Ac... 11,762,379
Intercontinental Rubber Co. (of New Jersey), New York City.
On Jan.
Total
$5,575,648
Interest
Pref. dividends (7%)
Com. dividends (5%)
_
y\ ,643,334
18,750
811,886
159,699
51,845
657,535
865,587
$5,714,642
4,053,562
1909-10.
1908.
Debenture bonds
Bills payable
145,854
65,170
738,573
Surplus A profits. 1, 331,962
721,153
$5,324,176
3,850,340
31.
1909.
Total assets
Liabilities—
Common stock
Preferred stock
(paid Jan.)
Taxes accrued
Reserves
INCOME ACCO UNT.
1909-10.
deducting difference between book and appraised values of
property dismantled or destroyed by fire, $124,803.
A ssets-
16 000,000 T6, 000,000
Notes payable
y2 215,000., 1, 800,000
Sierra purchase...zl ,378,5561 1, 524,356
Acc’ts payable...
552,436] 818,721
Int.
A pay-rolls
Pittsburgh Brewing Co.
(Report for Fiscal Year ending Oct. 29 1910.)
After
1910.
$
-s
5% gold notes, $1,000,000, and notes payable, banks, $1,215,000.
Surplus
10,497,304
for the “Chronicle”:
surplus
$
Deduct—
American Cotton Oil Co.
*
.
.
2 Deferred payments due 1911 to 1923 to Bryant & May, Ltd., on Cali fornia*purchase.—V. 91, p. 1256, 947.
1909.
$
2,500,000
500,000
6,537,000
200,000
28,637
32,073
(Report for Fiscal Year ending Aug. 31 1910.)
The remarks of Chairman George A. Morrison, with bal¬
ance sheet and profit and loss account, will be found on sub¬
sequent pages. The list of subsidiary companies remains
unchanged from last year. See V. 77, p. 1872.
The following comparison for four years has been prepared
Previous
Sep 30j’10.Dec 311*09.
Liabilities—
Capital stock
8,064,057
1,845,762
5,000,000
129,421
4,350,699
6,337
1,929,947
551,520
Patents, &c
5,000,000
Def. chges. tooper.
121,520
Matches, logs, &c_ 4,136,478
Notes receivable-.
200,101
Acc’ts, less res’ve. 2,626,704
Cash
448,666
SHEET JUNE 30.
1909-10.
1908-09.
Net profits above all int.,
admin, exp., depr., Ac.$1,984,255
$2,712,400
Dividends on common.(5) 1,011,855 (5)1,011,855
Divs. (6%) on preferred.
611,916
611,916
31,021
1,050,000*
530,366
_
1909.
$
10,497,304 10,363,479
870, 336.
p.
accr., Ac
account.
BALANCE SHEET.
Sep. 30 ’10.Dec. 31 ’09.
$
$
Total
Total
—V. 91,
reserve
Company.
(General Balance Sheet September 30 1910.)
circular cited last week (p. 1256) reports as of Sept. 30:
May 1 to June 15 1909.
122,468
36,845
1,000
19,715
12,166
53,204
10,799
Accts.pay.,taxes
Diamond Match
y
GENERAL BALANCE
1910.
Assets—
$
Road A equipm’t. 9,592,045
Stocks
223,049
Bonds
39,325
Cr.5,351
1910.
Liabilities ($33,792,387) —
Common stock
$29,031,000'
Preferred stock
3,150,000
146,493 General
1,131,518 Surplus
Sundry
Cash
—V. 91, p. 948, 874.
...
Other
$24,321
retired during year
Dividends paid
Assets ($33,792,387) —
Investments
$30,040,464
Accts. A Notes Receiv.—
Adv. to subsid. cos
2,473,912
Ej^'penses—
_
1325
207,229
848,653
Acc’ts receivable..
472,107
Securities at par..61,579,950
Office furniture
11,654
Cash
Bills receivable.a_
Insurance,
taxes,
Ac., unused
Improvements
Materials and fin¬
ished product.
.
Total
12,550
7,993
281,897
Liabilities—
Common stock
Preferred stock
Oct.22 ’10. Oct.23 *09.
$
$
4,500,000
102,253
4,500,000
Bonds.
918,072
4,500,000
443,336 Bonds of constitu¬
ent companies
1,570,750
82,510
11,654 Accounts payable.
199,367
Bills payable
274,437
36,887 Capital stock tax
due
13,237
19,906
11,673,307
...
.
294,343
15,184,412 15,063,839
Bond interest ac¬
crued
81,000
Undivided profits. 1,027,192
Total
4,500,000
4,500,000
4,500,000
85,229
180,609
593,136
20,474
81,000
603,391
15,184,412 15,063,839
Bills receivable are secured by judgment notes and mortgages.
6 Includes $450,000 bonds, $534,850 preferred and $581,050 common stock of
Independent Brewing Co. and $14,050 stocks of other companies.—V. 91, p. 466.
o
1326
THE CHRONICLE
Inland Steel
Company.
(Report for Fiscal Year ending June 30 1910.)
The annual report has not been made public,
but the
figures given out at the annual meeting have been published
and are given below.
The “Iron Age” of New York in its issue of Oct. 20 has an
article regarding the company, which begins as follows:
The recent starting of eight new Bheet mills at the Indiana Harbor works
of the Inland Steel Co., Chicago, making 18 hot mills In operation, calls
attention to the remarkable growth of this company.
With 18 sheet mills
In operation It Is now one of the largest producers of open-hearth sheets
In the world, and Its ability to keep Its enlarged plant In full operation the
past summer, during a period of general trane reaction, Is evidence of the
recognition which Is given In the trade to the merits of open-hearth sheets,
the Inland Steel Co. using Its own basic open-hearth steel exclusively In all
of Its finished products.
The plant at Indiana Harbor has been built
during the past eight years, and therefore embodies all the Improvements
that have been perfected by mill engineers In recent years.
[According to
another authority the company has just taken an option to lease 120 acres
of Iron ore land on the Cuyuna Range, located about 3 miles from Crosby,
Minn.—an ore body not fully determined but popularly supposed to approx¬
imate 20,000,000 tons.
Under the lease It Is understood that the minimum
on which the royalty would be paid is 50,000 tons per year, shipments to
begin next spring.—Ed.]
Results for years
1909)
ending June 30 1910 and 1908 (not
were:
1909-10.
1907-08.
1909-10.
Sales, less discount
Deduct—
S
‘S
%
and exchange
9,816,093 6,317,499 Interest..
168,750
Cost of sales
8,184,130 5,575.169 Dividends (7%)
404,577
Depreciation reserve. 150,000
Net earnings
1,631,963
742,336
Other Income
2,174
Total
12,493
723.327
Balance, surplus
910,810
Total income
1,634,137
754.823
i
BALANCE SHEET JUNE 30 1910 AND 1908 (NOT 1909).
.
..
_
1910.
1907-08.
I
102,981
1908.
1910.
102,981
651,842
1908
.($
h t
Liabilities—
, $
$
Land, plants, Ac...8,533.876 7,213,075 Capital stock..
5,850,456 5,100.125
Inventories
1,694,078 1,168.821 Bonded debt
2,700,000 2,897,000
Bills receivable
127,705
67*034 Accounts payable... 462,650
431,710
Accounts receivable. 1,061.037
793,665 Pay-rolls
' 114,780
75,325
Insurance unexpired.
2,719
12,459 Miscellaneous
25,181
10,751
Cash
565,159
286.476 Taxes accrued
14,648
21,643
Miscellaneous Items.
4,794
40,640 Interest accrued....
40,500
43,455
Reserves
364,735
23,005
Surplus
2,416,418 - 968.156
-
,
11,989,369 9,571,1711
Totals.
.11,989,369 9,571,171
(Balance Sheet of May 31 1910.)
Report says in substance:
No income account is furnished.
Under the terms of the mortgage (of the Colliery Engineer Co.) 64,166 66
Is paid every month to the County Savings Bank, trustee of the mortgage,
to invest as a sinking fund for the redemption of the bonds secured by the
mortgage.
Up to May 31 1910 $483,894 had been deposited with the
trustee [during the year 1909-10, $35,560—Ed.].
Of this amount $320,000
has been applied by the trustee since May 31 1904 to the redemption of
320 bonds, leaving $163,894 still In the hands of the trustee to be applied
in the manner provided in the mortgage toward the redemption of the
remaining bonds.
When $16,106 more Is paid to the trustee, which will
be in a year, all of the bonds will be paid off.
The accounts payable, $290,732 as above, cover the salaries, commissions,
fitc., for the month of May 1910, payable the following month.
The surplus ($4,577,866) represents profits in excess of dividends and
premiums on capital stock and Is Included In the real and personal property
of the company.
[The surplus. It will be observed. Increased $862,398
during the
1909-10.—Ed.]
year
The deductions made from the account, “plates of textbooks and publi¬
cations.” to provide for depreciation, amounted up to May 31 1910 to
$351,725 [in 1909-10 to $29,613—Ed.l.
From the Item “furniture and
machinery” the deductions for depreciation amount to May 31 1910 to
$189,883 [in 1909-10 to $31.256—Ed.].
BALANCE SHEET MAY 31.
1910.
$
Assets—
Real estate A bldgs 1,062,155
Plates of publlca’ns 1,516,240
Furniture A mach.
339.714
Textbook,supp.,Ae
374,597
Agey.establlshm’t.
532,911
Accounts receivable 4.277.101
Stock of other cos.*1,894.700
Sinking fund
163,894
Cash items
887,286
Total
1909.
$
941.079
1,483,484
306,493
329,593
405,403
4,245,725
1,762,050
220,334
484,084
11,048,598 10,178,246
1910.
$
1909.
$
6,000,000
6,000,000
180,000
290,732
272,000
190,778
Liabilities—
Capital stock(auth.)
$10,000,000—(V.
84, p.628)
lstM.5%bds.of Col.
fiery EngineerCo.
—V. 79. p. 2799
Accounts payable.
Surp. (excess of as¬
sets over
Uabll’s) 4,577,866
Total
3.715,468
11,048,598 10,178,246
•This Includes stock of the Technical Supply Co., for which the
company
paid $300,000; stock of the International Correspondence Schools, par value
$100,000; stock of the International Educational Publishing Co.—31.614
shares of preferred and 71,297 shares of common—par value
$5,145,550,
and also the stock of smaller corporations.—V. 91, p. 41.
Consumers’ Gas Co. of Toronto.
Total Income
Oper.
exp.
Net
Int. f
r
Total
and taxes
nlngs
tbens., Ac..
ne^
e
r Deduct—
Interest
Dividends (10%)
Renewal fund (5%)....
Balance for year.
[Managing Director F. W. Thompson states that the company
118 interior
owns
now
elevators throuehovt the Northwest and mills represent¬
combined capacity of 14,500 barrels of flour
Royal Mills, Montreal, 6,000 barrels; Glenora Mills,per day, as follows:
2,500;
Winnipeg Mills, Winnipeg. 3,000; Fort William Mills, FortMontreal.
William, 3,000.
in addition the corn meal mills
at Montreal and oatmeal mills at Winni¬
peg represent a capacity of 2,500 barrels of cereals
per day.]
ing
a total
INCOME ACCOUNT.
1909-10.
Trading profits
Deduct—
Interest on bonds...
Pension fund
Prop.
1908-09.
1909-lt.
S
140,000
541,924
716,054 Pref. dlvlds. (7%)..
105,000
105,000
Total deductions..
30,000
100,000 Balance, surplus
Common dlvds
res. acct
1908-09.
$
140,000
(8)200,000(7) 175,000
445,000
96,924
550,000
166,054
BALANCE SHEET AUGUST 31.
1910.
1909.
1910.
1909.
Assets—
$
$
Liabilities—
$
$
Plant, reaiest, Ac.*.4 ,259,668 3,909,083 Preferred stock
2,000,000
2,000,000
Goodwill, tr.-mks.,Acl ,250,000 1,250,000 Common stock
2,500,000 2,500,000
Cash on hand
25,268
12,834 1st mtge. bonds
1,750,000 1,750,000
Cash at Bank of Mont.
892,639 Bank of Montreal.. .1,432,006
Bills receivable
4 ,297
24,689 8undry creditors
156.740
70,585
Accts. rec. (less res.
Res. for bond int. A
for contlng.)
961,732
437,670
dividends
111,250
61,250
Materials A suppfies.2 ,009,093
532,189 Off. pension fund
50,000
50,000
Furniture, Ac
31,400
30,000 Prop. res. acct
300,000
300,000
Investments
191,280
66,049 Profit and loss
432,742
425,318
Total
8,732.738 7,155,153
Total
..8,732,738 7,155,153
*IncIude8 real estate, water-powers and mill plants In
Montreal. Winnipeg and
Fort William; elevators In Manitoba and Northwest
Provinces, property in St. John.
N. B., patent rights, Ac.
Note.—The company also has Indirect liabilities on
customers' paper under
discount. $824,017.—V. 91. p. 1098.
^
Telephone Corporation, Wheeling, W. Va.
(Statement for Half-Year ending June 30 1910.)
A statement prepared
by Haskins & Sells, New York,
covering the six months ending June 30 1910, was read at
the stockholders’ meeting on Aug. 25.
We have been unable
to obtain a copy of this report, but
an account of its contents
from the “Wheeling Register” of
Sept. 21 shows in substance:
Capitalization, &c., of National Telephone Corporation.
“First mortgage and collateral trust” 5% bonds, dated 1909 and
due
July 1959, [Jan. 1910 coupons attached.—Ed.]. Amount out_$l,199,000
Bills payable, interest rate 6%.
852,806
Common stock [issued to Continental Telep. A Telg.
Co.—Ed.]. .10,000,000
Preferred stock (authorized issue, $5,000,000)
outstanding
1,492,243
Note.—Suit was brought In the U. S. Circuit Court at
Wheeling, W. Va.,
on Sept. 26 by Andrew J. Howard, of
Indiana, asking for a receivership for
the company on the ground that obligations due
July 1 were unpaid and
that the $10,000,000 common stock had been turned over to the
Continental
Telephone & Telegraph Co. illegally at less than par.—Ed.
Half- Yearly Earnings Statement—National Telephone Corporation.
Earnings applicable to the National Tel. Corp., as below shown
$99,748
Deduct expenses of National Telephone Corporation....
See “note”
Six months’ bond Int. ($29,975) and int. ($25,584) on bills
pay’le 55,559
Note.—The newspaper report shows the following Items, but to
what
extent they were charges against the above
earnings does not appear:
“Expense of the corporation, office expenses, interest and discount, salaries
of executive officers, &c., $149,059; Interest and discount.
$51,922; dis¬
count on National Telephone Corp. bonds, $48,750.”—Ed.]
Constituent Companies, Their Outstanding Stock and Bonds, Amount
Held by National Telephone Corporation, Also Cash
of Stock
Holdings.
Stock
Issued.
PIttsb. A Allegh. Tel. Cof $2,000,000com.
(V. 84,
i
1125)
2,000,000pref.
a: Nat. Tel. Co. of W. Va—
500,000
do
do
do
p.
do
do
do
do
Consolidated Teleph.Co._
Union Telephone Co
$1,229,585
133,815
$2,070,961
1,316,201
$1,737,766
$1,587,363
1,133,682
1,030,541
$1,363,400
908,040
$754,760
$604,084
$556,822
3,712
3,290
$455,360
3,811
4,221
$758,473
$607,374
$560,633
$459,581
$4,834
373,166
324,992
$11,563
342,167
308,548
$2,828
313,050
223,387
$9,884
258,626
199,689
sur.$55,481
def.$54,904
sur.$21,368
def .$8,618
.
.
.
Total
7,822,422 7,016,306
Total
.7,822,422 7,016,306
The dividend recently paid was No, 242.—V. 91,
p. 1256.
Bonds.
Cash.
Out.
Held
$1,613,3001$1,400,000 $309,883
1,480,500/
300,000
Penn
200,000
Co.
Monongahna
50,000
West. Va. Western Telel.Co. 236,325com.
Western Central Tel. Co.-
1906-07.
1,036
49.031
Owned.
Ohio
Beeghley Telephone Co—
BALANCE SHEET SEPT. 30.
1910.
1909.
1910.
1909.
Assets—
$
$
Liabilities—
$
$
Plant, Ac
6,966,220 6.612,517 Stock
.4,000,000 3,500,000
Materials, As
172,012
168,593 Reserve fund...
.1,000,000 1,000,000
Horses, Ac
10,609
7,276 Renewal fund
732,048
609,787
Meter test equip
655
Dividends
87,500
Cash
567 Dominion Bank...
1,899
305,819
Debentures
165,332
80,667 8undry acocunts...
92,509
70,780
Accounts receivable. 302,203
246,695 Special surp. acc't.
77,412
21,931
Dominion Bank.... 203,492
Stock prem. (1904) .1,920,453 1,420,489
on
Fifteen country elevators have been added to the
system during the
current year.
The addition to the Fort William elevator and
additional
storage at Winnipeg have been completed and are in successful
operation.
The capacity of the
Royal Mills at Montreal, by the installation of addi¬
tional
machinery, has been Increased to 6,000 barrels of flour per day.
The capacity of the Fort William mills has also
been increased.
The
oatmeal plant at
Winnipeg Is being enlarged to meet the Increasing demands
for that feature of the business.
Dividends on the common stock are being
P&id quarterly instead of half-yearly as heretofore.
Woodsfleld Telephone Co.
Chartiers Telephne Co—
PIttsb. A WheelogTel. Co
Report for Year ending Sept 30 1910.)
OPERATIONS AND FISCAL RESULTS.
1909-10.
1908-09.
1907-08.
Street lamps, No
(?)
1,089
1,063
Meters, No
65,349
58,513
53,368
Receipts from gas rents. $1,799,246 $1,537,000 $1,410,900
Income from coke, tar, Ac.
271,715
200,766
176,463
Ogilvie Flour Mills Co., Ltd., Montreal.
(Report for Fiscal Year ending Aug. 31 1910.)
President Chas. R. Hosmer, at the annual meeting
Oct. 13, said:
National
International Textbook Go., Scranton, Pa.
;
LXXXXI
’
Assets—
Totals
—V. 91. p. 792.
[VOL.
490,600
288,700
195,100
46,000
141,9501
30,000pref.
462,000
300,000
136,500
36,000
136,000
4,145
None
None
1,750
2,659
19.375J
126,000
22,350
28,060
24,000
100,000
30,000
12,500
93,300
20,450
25,500
60,009
None
None
23,800
50,000
30,000
None
None
None
8,200
6,000
None
None
None
6
1,341
2,658
56
Total
Book value of all plants
Bonds of the Individual
$2,536,500
$8,340,711
operating companies, as above
2,536,500
Bills payable [other, It Is understood, than those held by allied
companies—Edi]
1
453,666
Accounts payable,
ditto
ditto
ditto
69,011
a:
See V. 85, p.
472, 603; V. 91, p. 980.
Constituent Companies—Statement of Earnings Half Year Ending*June 30
1910 and Amount Thereof Applicable to National Telephone Corp.
Cross.
Cross
Net.
Total
to N.
T.
Earn.
Expen.
Earn. *Charges.
Corp.
PIttsb. A AUeg. Tel. Co— $252,502 $123,296 $129,206
$61,631
$67,575
Nat. Tel. Co. of W. Va...
64,793
51,256
13,537
13,373
164
do
acct. Belmont T. Co
6,739
5,644
1,095
1,026
69
Nat. Tel. Co. of Ohio
15,350
8,204
7,146
•9,t>48def.*2,202
do
(acct. sub. co.)
19,186
16,068
3,118
1,622
1,496
Nat. Tel. Co. of Penn
9,803
8,020
1,783
316
1,467
do
of Monongalia Co..
8,470
5,125
3,345
361
2,984
West. Va. Western Tel. Co
35,934
26,505
9,429
7,279
2,150
do (acct.Marietta T.Co.)
7,237
4,751
2,486
1,995
491
Consolidated Teleph. Co._
60,015
32,454
27,561
8,48$
19,075
Union Telephone Co
985
1.737
752
64
688
Woodsfleld Telephone Co.
5,241
3,175
2,066
189
1,877
Chartiers Telephone Co
1,125
1,116
9
9
Pittsb. A Wheel. Tel. Co..
3,627
2,163
1,464
732
732
5,253
3,027
Beeghley Telephone Co—
2,226
2,226
Western Central Tel. Co.
3,327
1,705
1,622
677
.945
—
_
Total
•
$500,339 $293,494 $206.84$
Approximate If not exact.—Ed. —V. 91.
P
t«l
lOTJItt
j
$99.74$
a
Nov. 1U
THE CHRONICLE
191(1.]
American Smelters’ Securities
British Columbia Railway & Development Co.—Stock
Offered.—This company, whose capital stock is “$12,000,000
full paid and non-assessable,” announces that the Title
Guarantee & Trust Co., N. Y., will receive subscriptions to
an allotment of 140,000 shares of its treasury stock at $15
a share,
par value $25.
An advertisement says:
Co., New York.
(iOfficial Statement of Nov. 11 1910.)
In connection with the announcement on
regarding
the new $15,000,000 bond
Daniel Guggenheim says in substance:
another page
issue,
President
The interest charges of the Securities company on account of this issue
of $15,000,000 debentures will amount to $900,000 a year.
The interest
charges on the floating debt which the proceeds of these bonds will extin¬
guish last year amounted to $745,795, so that the net increase in interest
The company controls through its ownership of the capital stock of the
British Columbia & Alaska Ry., a charter granted March 10 1910, to con¬
struct and operate a railroad of standard gauge from the city of Vancouver
to the northern boundary of the province, a distance of over 1,000 miles,
through one of the richest territories on the North American Continent.
The necessary survey work having already been completed, the company
will begin construction early next spring.
In the meantime it has been
decided to acquire (by purchase or otherwise) along the projected line cer¬
tain lands valuable for town sites, &c.
Upon notice in writing to said
trust company from any subscriber at any time before May 15 1911, it will
return to said subscriber on May 31 1911, upon surrender of the stock
certificate for cancellation, not less than 90% of the amount paid In.
Compare V. 89. p. 992.
charges because of this financing should be less than $156,000 a year.
Moreover, the company will be relieved during the next five years of the
Installments, amounting to $400,000 a year, on account of the purchase
price of the Baltimore Smelting Company’s stock mentioned above.
Smelters’ Securities Co.—Production—Earnings.
Silver, Ozs. Lead,Tons Cop., Lbs.
Net Earns.
95,200,000 $2,367,425
19,726,529 49,140
20.338,832
53,211
113,974,000
4,432,069
18,327,277 67,712
174,150,000
5,431,980
f About
21,872,941
76,089 228,588,000
1.6,000,000
1910, ann. rate.2,750,211
The great expansion here shown has been achieved in spite of the fact
that there has been no period, in late years at least, when lead, silver and
copper have sold in the aggregate as low as during the past three years,
Business of the American
Period—
Gold, Ozs.
Year 1907-08,. .1,460,328
Year 1908-09.. .1,503,493
Year 1909-10. .2,095,646
4 mos. to Sep. 30
_
Commencing Jan.l 1911, the gas rate for illuminating and fuel purposes
will be $1 20 per 1,000 cubic ft. net.
Four years ago the company entered
into a contract with City Council by winch the price of illuminating gas,
then $1 60, was immediately reduced to $1 45, and for an annual reduction'
of 5 cts. per 1,000 feet until the rate reached $1 25.
Under this agreement,
the rate this year is $1 30.
On March 1 1911 the rate would, under the
contract with the city, be reduced to $1 25.
The fact that the company is
constructing an up-to-date gas plant which will, wre hope, be completed
by Jan. 1, will enable us to manufacture gas more economically than at the
old plant, and it Is the policy of the company In such case to share such sav¬
The growth of the company, notwithstand¬
ing the depressed trade conditions, has been made possible partly by im¬
provements and operating economies in its smelting and refining processes
and partly by its new works and additions and improvements.
Recently long-time contracts have been made with the Chino and Ray
mines and the Tennessee Copper Co., from which no product has as yet
Of the Securities
company
the Baltimore Copper
Refining Works have been purchased, with a refining capacity of 144,000,000 lbs. per annum, which has been increased to a present capacity of
240,000,000 lbs. per annum, or 66 2-3%, and when present plans are com¬
ings
Chicago Southern Ry.—Foreclosure Sale.—The road was
sold at foreclosure sale for $1,000,000 at Danville, Ill., on
Nov. 4 to representatives of the reorganization committee.
—V. 91, p. 1253, 870.
Chicago & Western Indiana RR.—Called Bonds.—Ninety($97,000) general mortgage bonds of 1882, drawn for
redemption, are payable on Dec. 1 at 105 and interest at
office of J. P. Morgan & Co.—V. 91, p. 396, 211.
Chippewa Valley Railway, Light & Power Co., Eau Claire,
seven
Wis.—Bonds.—The
approved
Present Annual Value of Products of American Securities Co. (as Indicated by
the Production of the Past Four Months), also of Am. Smelt. & Refg. Co.
Securities Co. Sm.&Rfg.Co.
$69,800,000
16,500,000
46,000,000
29,500,000
Copper
Total.
$56,800,000 $13,000,000
34,500,000
12,500,000
6,700,000
21,000,000
a
Wisconsin
Railroad
Commission
has
further issue of $100,000 1st M. 5%bonds of 1907.
The proceeds are to be used (a) to complete a concrete dam and power;
house at Cedar Falls, Dunn County; (b) to acquire additional riparian rights;
(c) to pay for additions, including the transmission line from Eau Claire
to Chippewa Falls;
(d) to pay the floating debt Incurred for additions.—
V. 90, p. 697.
(Selby).
Gold
Silver
Lead
with the public.
It will be possible for consumers to use gas heaters in any part of the house
without going to the expense of having additional pipes put ir; also that
cooking stoves, instantaneous heaters and other gas appliances can be con¬
nected in any part of the house where they are desired.
We believe this
will stimulate very greatly the use of gas heaters, as we are satisfied this is
an ideal climate for this method of heating, and we confidently expect a
very considerable increase in our business from this source.—V. 91, p. 2141
pleted this plant will be increased to a capacity of 288,000,000 lbs. per
annum.
Similarly, the copper smelting plant at Garfield, near Salt Lake
City, has been entirely constructed, adding to the smelting capacity of the
company 1,170,000 tons per year.
Moreover, both the lead smelting and copper smelting plants at Velardena have been constructed, the former with an annual capacity of 187,000
tons and the latter with an annual capacity of 324,000 tons.
At Federal,
III., the lead refining plant has been increased from an annual capacity of
20,000 tons to a present capacity of 50,000 tons, and the smelting works
have been correspondingly increased from a smelting capacity of 40,000
tons to a present capacity of 100,000 tons.
Moreover, the Selby refining
plant, with a capacity of 36,000 tons per annum, has been entirely rebuilt ,
and can be considered virtually a new plant.
In the making of these improvements and additions the company’s float¬
ing debt was Incurred, and it is now thought that,inasmuch as these ex¬
penditures represent completed and profitable business investments, they
should be permanently capitalized.
In Addition to the mining properties now owned by the Securities com¬
pany in the United States and in Mexico, the following smelting and re¬
fining plants are now in operation:
(1) Copper refining plants, Baltimore,
Md., and Tacoma, Wash.; (2) lead refining plants, San Francisco, Cal.
(Selby). Federal, Ill.; (3) copper smelting plants, Velardena, Mex., Salt
Lake City, Utah (Garfield), and Tacoma, Wash.; (4) lead smelting plants,
Velardena, Mex., Federal, Ill., Tacoma, Wash., and San Francisco,
Cal.
C.) Railway & Lighting Co.—Voluntary Re¬
of Gas Rates.—The company in a circular announces:
Charleston (S.
duction
which the above tables cover.
been received.
Since the organization
1327
Cincinnati (O.) Traction Co.—Suit.—City Solicitor Ballard
Oct. 10 filed suit for an accounting by the company and its
on
47,000,000
27,700,000
lessee, the Cincinnati Traction Co., of the city’s share of the
receipts since Sept. 1 1905.
Total
$105,500,000 $85,000,000 $190,500,000
The business of these companies is most remarkable both as to regularity
and steadiness, which is partly attributable to the fact that their products
are of diversified character.
There is probably no other line of manufac¬
turing which is so little dependent upon the fluctuation of values or varia¬
tion as to business conditions.
The Smelting company acts as agentsfor
the miners.
Contracts require the mines to ship their production and re¬
quire the Smelting company to pay to the miners the daily market value
of the metal contents of the ores.
To a large extent the profits of the
company are dependent only upon ability to smelt and refine at a cost less
than the amount charged the miner, without losing, metallurgically, the
metals entrusted to their charge.
It has been the universal custom of the Smelting company to sell its
metals before they are refined for delivery as soon as possible after refining,
and, except to a minor extent in connection with lead, no metals are kept
on hand after they are ready to be delivered to customers.
Purchases,
It is alleged that under the franchise granted In Aug. 1896, the city is
entitled to $4 per lineal foot each year for all cars operated by the company,
and 5% of all receipts from passengers, mall and freight hauled In the city.
There Is another suit pending for a like percentage of receipts up to Septem¬
ber 1905.—V. 91. p. 154, 94.
Cleveland (Electric) Ry —Fare Increase Dec. 1
Unlikely.—
It was stated in Cleveland this week that if the present rate
of earnings continues, the fare will not be raised by the City
Council on Dec. 1, when the trial period under the Tayler
franchise ends.
Earnings from 3-cent fares and one-cent transfers have been found suf¬
ficient to pay 6% on the Investment of the company and to make reasona¬
ble extensions of service, and the interest fund Is Intact.
The only way for
expenses to Increase enough to make a change in the rate of fare necessary
would be by expensive re-routings and extensions of service by the City
therefore, are regularly made daily from the miners at the market price,
and are as regularly sold to the consuming public at the same market price.
Purchases and sales, therefore, as a rule,balance each other, leaving the in¬
ventory at a fixed valuation.
Council, and this.it is stated, the Council Is not disposed to do.—V.91,p.214.
Dayton & Michigan RR.—-Extension of Bonds.—Haiders
5% bonds ($2,728,000 in amount), guaranteed
by the Cincinnati Hamilton & Dayton, due Jan. 1 1911, will
be offered the privilege of extending the same for 20 years
on terms to be announced later.
The present 1st M. lien on
the road from Dayton to Toledo, O., 142 miles, will rem.dn
unimpaired.—V. 88, p. 563.
;r
Dunkirk Allegheny Valley & Pittsburgh RR.—New Hcids
and Lease.—The Public Service Commission, Second District
has sanctioned (1) the making of a new 1st M. to secure an
issue of $5,000,000 4^% 50-year bonds, the present isr>uc
thereunder to be $2,900,000, to replace the old 7s redeemed;
(2) a modification of the lease of the property.
Through the conservative policy of the American Smelting & Refining
Co. in respect to dividends, it has accumulated a surplus amounting to
$17,669,064.
This surplus does not include any appreciation in the value
of the $17,751,000 common stock of the American Smelters’ Securities Co.,
which is carried on the books of the Refining company at $1, and that this
stock is valuable is evidenced by the statement of earnings and production
made above.—V. 91, p.532, 1162.
of the 1st M.
GENERAL INVESTMENT NEWS,
,
RAILROADS, INCLUDING ELECTRIC ROADS.
Algoma Central & Hudson Bay Ry.—Listed in London.—
Exchange has listed fully-paid scrip for
£770,000 1st M. 5% 50-year gold bonds. Compare V. 91,
p. 1159, 716.
Atlantic & Lake Superior Ry.—Partial Distribution of
Trust Fund.—Meetings of the holders of the several issues of
certificates of participation in the Atlantic & Lake Superior
Ry. trust fund will be held on Dec. 6 1910 at the office of
Stibbard, Gibson & Co., 21 Leadenhall St., London, England,
The London Stock
for the purpose
Compare V; 90,
The modified lease provides for the payment as rental, in addition to
annual dividend of 1H% upon the $1,800,000 stock, of interest upon any
of the new bonds issued at the request of the New York Central for improve¬
ments, &c.—V. 91, p. 336.
Eastern
Pennsylvania (Electric) Railways Co,—Bonds
Pledged.—See Lehigh Coal & Navigation Co. under “Indus¬
trials” below.—V. 89, p. 103.
Galveston-Houston Electric Co.-r-Stock Offered.—Stone &
Webster, Boston, have placed at 93}^, yielding 6.40%,
$400,000 6% cumulative preferred stock.
of approving a partial distribution of assets.
p. 107; Y. 89, p. 1595.
Baltimore & Ohio RR.—Decision.—The Circuit Court of
Franklin County on Oct. 11 affirmed the decision of the
Common Pleas Court sustaining the right of the State of
Ohio to a strip along the Ohio Canal in Cleveland, claimed
Earnings Jor 12 Months ending Aug. 31 1910.
Gross, $1,268,767; net earnings, $499,434; interest and taxes, including
Interest on floating debt to be retired, $237,185; sinking fund, $40,959;
balance for dividends, $221,291.—V. 90, p. 1613.
Grand Trunk Pacific Branfch Lines Co.—New Lines and
by the B. &0.and the Cleveland Terminal & Valley RRs.
reported to be Bonds.—Application, it is announced, will be made to-the
be taken to the
Parliament of Canada, at the next session thereof, foi; an Act
v
Supreme Court.
authorizing the construction of the following additional lines
The railroads contended that the land belonged to them by virtue of a
gijantfronvtheCleveland City Council over 20 years ago, and that this action J of railway and giving authority to issue bonds theremwtttrtfchfc
was approved by the Legislature by the passage of a resolution waiving all
extent of $30,000 .pe^mite;
,aj.j
rt the land to the city provided That the land should be used only'
(1) Prom a point on the Western division of the Grand Trunk Pac. Ry.
The land extends about 3 miles along the canal, and Is
worth $3,000,000 to $5,000,000.
An appeal will probably
.
>
..
-
SI the State to the property,.although.the contract by which .the
c
Improvements or as a public, thoroughfare.
The Attorqey-Gen-
ned that the State Could ndt lose title to public domain by a mere
Then Circuit Court upheld the contention?
The land Is
now occupied by the tracks of the B. & O., being owned by the Cleveland
Terminal & Valley RR.—-V. 91,: pi :i02D,\ 1037..;
\
,A
resolution of the Legislature^
tmDthls
was no more
than an
expression by the legislators.
between ranges 20 and 29^., westerly.
(2) From Moose Jaw: westerly! to
Calgary or other point.
(3) From the Western division of the GrAhd7Trunk
Pacific Ry. between ranges 9 and 13, southwesterly and westerly; j U)
From the east limit of range 24 northwesterly and westerly to a point bn
the Western division of the Grand Trunk Pacific Ry. % (5) From the West¬
ern division of the Grand Trunk Pacific iRy.'between ranges Ztf
and^ze
1328
THE CHRONICLE
southerly and southeasterly.
(6) From the Western division of the Grand
Trunk Pacific Ry. between ranges 26 and 34
westerly.
(7) From a point
between ranges 11 and 17 southerly to the international
boundary.—
Listed in London.—The London Stock
jVOL.
LXXXX1.
It Is held that, as neither the 24th clause of Section
3, Article 19, of the
nor the clause conferring upon the munici¬
pality general police power, gives the city power to regulate and fix
fares
to be charged by street car
companies, the universal transfer ordinance Is
void; that at the time the street car franchises were
granted
the city might
have Imposed conditions similar to those contained In
the universal transfer
ordinance, but as the city did not then do so, the only question Is whether
It can do so now.
This the Court decides cannot be done.—V. 91,
p. 589.
Pittsburgh Charter Act of 1901,
Exchange has listed
£1,270,500 4% 1st M. bonds, 1939, Nos. A2,087 to A7,168
of £200 and B1,045 to B3,585 of £100 each
(guaranteed by
Province of Saskatchewan), in lieu of scrip.—V. 91, p.
Portland (Ore.) Railway, Light & Power Co.—Retirement
276, 463, 518.
Illinois Traction Co.—St. Louis Bridge Opened.—See of Pref. Stock.—The stockholders will meet Nov. 28 1910 to
consider a plan (1) for the retirement of the
St. Louis Electric Bridge Co. below.—V. 91, p. 589,
pref. stock by
211.
redemption at 105% and (2) to give the common stockhold¬
Interoceanic Ry. of Mexico.—Full Dividend on 2d Pref.— ers the
privilege of exchanging their present stock for new
The directors have declared the full dividend of
4% on the stock on the following basis: For each share of the present
£1,000,000 2d pref. 4% stock, warrants therefor to be full-paid common stock and $62 50 in
cash, the stockholders
posted on Nov. 18, comparing with 1% paid in Dec. 1909, will receive 2]/^ shares of new
capital stock, 65% paid, sub¬
the only previous distribution thereon, the stock
having ject to assessment for the remaining 35%, not more than 5%
been issued in 1908 (V. 87, p. 1160).
to be called in
any calendar year.
The result of this plan will be
The interest on the second debenture stock will in future
that, instead of having $15,be payable on May 30 and November
30, the first payment 000,000 of capital stock, divided into $5,000,000 of pref.
and
on November
30 1910 to be for five months.—V. 89,
$10,000,000 of common, the capital stock will be $25,p.
000,000, of whieh 65%, or $16,250,000, will have been paid
1594, 1596.
in.
As a further
result, the company will have received
Lehigh & Hudson River Ry.—Bonds.—See Lehigh Coal &
$1,000,000
in cash.
Navigation Co. under “Industrials” below.—V. 88, p. 375.
An official
bearing the names of B. S. Josselyn,
Lehigh & New England RR.—Bonds.—See Lehigh Coal & President, andcircular,
C. M. Clark, Chairman executive committee,
Navigation Co. under “Industrials” below.—V. 86, p. 1409. dated at 321 Chestnut
St., Phila., Nov. 5, adds:
Lehigh Valley Transit Co., Allentown, Pa.—Assents.—
The growth of the City of Portland and
the
territory, served
by the Portland Railway, Light & Power Co., surrounding
Holders of $2,064,000 of the $2,500,000 consol.
has been so great during the
4^% bonds five years following the Lewis and
Clark Fair, held In 1905, that the de¬
have agreed to accept in exchange therefor 90% in
mands upon the company for Increased
refunding all
facilities and Improved service of
5s and 10% in common stock in accordance with the
kinds have required the Investment of
large amounts of capital, with the
plan of result
that the earnings have been built up at such a
March 1.
rate as fully to Justify
(V. 90, p. 1171.) Refunding bonds, it is an¬ the expenditures. This remarkable
growth Is continuing, and the demands
nounced, will be issued for the $900,000 debenture 6s ma¬ for heavy capital expenditures are greater than ever. The company Is
now
two hydro-electric plants with a total
turing in 1912 on a certain basis, and nearly all holders of h. p.,developing
capacity of 70,000
one of which will be completed In about
18 months and the other In
the latter security have agreed to the
three or four years.
These
and
other
proposed exchange.
developments, which have not yet
become productive, will
*
It Is estimated that the company will show earnings
applicable to divi¬
dends on the pref. stock for the year ended Nov. 30 of
nearly $200,000, as
against $65,300 in the previous 12 months.
For the 10 months
Sept. 30 the surplus income
was
ending
$140,965.—V. 91, p. 1096.
Massachusetts Electric
Companies.—Bonds of Subsidi¬
aries.—The Massachusetts Railroad Commission last week
authorized the issue of not over $266,000
50-year 4% bonds
by the Boston & Northern Street Ry. and not over $251,000
(not $25,000, as stated in a newspaper report) by the Old
Colony Street Ry. to pay floating debt.
The two companies are required to pay Into their
sinking funds $3,000 a
year each, payable semi-annually on June 30 and Dec. 31 until the
maturity
of the bonds.—V. 91, p. 1254.
Michigan Central RR.—Notes.—See New York Central &
Hudson River RR. below.—V. 91, p. 1160.
Missouri Oklahoma & Gulf Ry.—Trackage
Arrangement.—
The company, which owns a line from
Denison, Tex., 230 miles, has made
Wagner, Okla., to
an
arrangement to
the Texas & Pacific line between Denison and
Tex., 10miles, under
a
use
Sherman,
trackage agreement operative
days' notice.
Oct. 31 and terminable on 90
New Mortgage.—The shareholders of the Missouri Okla¬
homa & Gulf Ry, <fe Terminal Co., which was formed
to
meet legal requirements under Texas laws to build the
por¬
tion of the company's system in Texas, will
vote on Jan. 3
1911 on authorizing a mtge. to secure
$1,000,000 1st M.bds.
-
The new bonds will cover the line between the Red
River and Denison,
Tex., 0 miles, and the bridge over the Red River and any additional
lines
constructed in Texas, their issuance being subject to the
approval of the
Texas Railroad Commissioners.
The Missouri Oklahoma & Gulf
Ry., or¬
ganized under the laws of Oklahoma with $10,000,000 each of auth.
stock
and 40-year 5% bonds, has outstanding $5,610,500 stock
and the same
amount of bonds, covering the lines In Oklahoma.
Compare
bond offer¬
ing, V. 90, p. 1363.
result In large Increases In earnings In the
future.
The financial problem has been
prominently before the
particularly during the past year. It Is realized that largemanagement,
amounts of
money must be raised through stock and bond Issues, and the
proposed plan
Is the first step In that direction.
The plan Is conservative, the
ing Issued at par, 65% paid In and the remaining 35% subject to stock be¬
call, but
not more than 5% In any calendar
year.
The fact that the money is availa¬
ble for call will add greatly to the
company’s
financial credit and facilitate
the raising of money through Its bond issues.
The management proposes
to continue the payment of the
present quarterly dividends of $1 per share
upon the stock.—V.
91,
p. 1161.
Quebec Railway, Light, Heat & Power Go.—Earnings.—
Jan. 1 to
Aug. 31 (8 Mos.)—
1910.
1909.
Increase.
Gross earnings
$764,000
$683,000
$81,000
Net (after operating expenses)
363,500
269,500
94,000
The company’s shares, which have for several months
been traded In on
the Paris Bourse “for cash,” were on Oct. 29
admitted also to quotation
“for account,” which gives the right
to settlements twice a month.
A large
part of the stock, if not a majority Interest, is now held in France.—
V. 91, p. 215.
St. Louis Electric
Bridge Go.—Bridge Completed.—The
company's bridge over the Mississippi River between StLouis, Mo., and Venice, Ill., was formally dedicated on
Nov. 10.
This gives the Illinois Traction Co. an entrance
into St. Louis.—V. 88, p. 946.
St. Louis & San Francisco RR.—Bonds
Offered in Paris.—
There were offered for subscription in Paris on Nov.
8, at
923^ net, $5,000,000 New Orleans Texas & Mexico division
1st M. 4J3% bonds of $100 each (or 516
francs). Subscrip¬
tions were received at the
Banque de 1'Union Parisienne et du
Credit Mobilier Francais.
The authorized issue of these
bonds is $50,000,000, of which $10,000,000 have been
pledged
$8,000,000 3-year 5% secured gold notes, and $16,000,000 were “outstanding” on June 30 1910 (including
$595,904 in the treasury), as shown by the last annual report;
of these last some $6,000,000 or more bear
5% interest and
New Orleans Railway & Light
the remainder—the special French
Co.—Earnings.—
series—4V£%The pres¬
9 Mo». end.
ent sale is spoken of as the first public
Gross
Operating
Net
Charges, etc.
Net
offering in France, but
Sept. 30—
Earnings.
Expenses.
Earnings.
Oth. Deduc.
further particulars are not
Income.
1910
forthcoming. Compare V. 90,
$4,629,018 $2,516,790 $2,112,229 $1,588,753
$523,476
1909
4,445.669
2,475,477
p. 699, 915, 1045, 1677 —V. 91, p. 590, 337.
1,970,192
1.552,752
417,440
Amortization reserve for 9 mos. In 1910, $112,500. —V.
91. p. 1161.
Tanana Valley RR.—Bonds Called.—Three first
mortgage
New York Central & Hudson River RR.—No
Further $1,000 bonds, Nos. 1, 411 and 510, have been drawn for
pay¬
Financing Contemplated at Present.—President W. C. Brown ment by the sinking fund at 105 and int. at the Knickerbocker
late on Nov. 4 gave out the
following:
Trust Co. of New York, trustee, on Dec. 1.—V. 89,
p. 919.
Neither the New York Central nor the New York Central
Lines contem¬
Temiscouata Ry .—Interest Payment.—The bondholders'
plate making any effort to dispose of any securities of
any kind In the
immediate future.
The Michigan Central notes were sold
committee announce that interest for the year ended June 30
on a basis of
4
net to the Michigan Central.
In other words, the
Michigan Central last (the same as in
secured 50,000,000 francs in Paris for one
1909), at the rate of 1% per annum less
year at a net cost to that comoanv
of 4H% (V. 91, p. 1160).
p
y
income tax, will be paid on the provisional certificates on and
Practically every engine and car owned by the various roads
in the
after Nov. 2 at the Bank of Montreal, 47 Threadneedle
system is in service and they are short of equipment to All
St.,
orders.—V 91
p. 1026, 1054.
E. C., on presentation of coupon 4 attached to the certificates.
Modification of Lease—Bonds.—See Dunkirk Allegheny The coupons must be left three days for examination.—
V. 86, p. 1160.
Valley & Pittsburgh RR. above.—V. 91, p. 1254.
to
secure
v
New York New Haven & Hartford
RR.—Proposed Acquisi¬
tions.—The company has petitioned the
Massachusetts Rail¬
road Commission to approve the terms
of purchase of the
Milford & Woonsocket RR. for
$148,600 and the Milford
Franklin & Providence RR. for
$100,000, the entire stock
of both companies
being owned.—V.
91, p. 1026, 1161.
Norfolk & Portsmouth Traction
Co.—Listed.—The Phila¬
delphia Stock Exchange has listed $2,716,700 common stock
and $1,768,400 5% cumulative
pref. stock and has stricken
from the list the $6,000,000 old stock
(see plan V. 90, p.1425).
Earnings.—For year (including controlled companies):
June 30
Gross
Year.
1909-10
1908-09
—V. 91, p.
Net
Earnings.
$1,920,841
1,925,838
94.
Earnings.
$810,352
821,536
Taxes and
Rentals.
$188,312
212,765
Interest
on
Bonds, &c.
$588,905
581,769
Balance,
Surplus.
$33,135
27,002
^Pittsburgh Rys.—Favorable Decision.—Judge Frazier
Oct. 13 sustained the
on
company's demurrer in the suit
by the city to enforce the ordinance passed in June brought
last, pro¬
viding for universal street car transfers (V. 90, p. 1677).
Toledo St. Louis & Western RR.—Next) Director.—James
Steuart Mac Kie has been elected a director to succeed James
N. Wallace, President of the Central Trust Co., who
resigned,
and E. J. Berwind a member of the executive committee in
place of Mr. Wallace.—V. 90, p. 1615.
Virginia Ry. & Power Co., Richmond, Va.—New Director.
—Nathaniel V. Campbell has been elected a director, vice
Charles S. Whelen, deceased.
Earnings.—For the fiscal year ended June 30:
1909-10.
Gross
Net
—V. 90,
p.
1908-09.
|
$2,058*®08 $1,843,1021 Fixed charges
1,068,037
862,078] Surplus
1678.
Wabash RR.—Bonds
1909-10.
$648,318
419,718
1908-09.
(Receive*?
ship**
Called.—Thirty-two ($32,000) De¬
Chicago extension 1st M. bonds dated July 1891 have
been drawn for redemption on Jan. 1 1911 at 110 at office of
Central Trust Co., New York, trustee.—V. 91, p. 1020,
652.
Washington Baltimore & Annapolis Electric Ry.-^Re¬
organization Plan.—According to the “Cleveland Leader” 6f
Nov. 10, a reorganization plan has been issued,
providing for
troit &
Hot. 12
THE CHRONICLE
191©.]
the organization of a new company, after foreclosure sale,
with an authorized capitalization of $7,500,000 1st M. bonds,
$2,500,000 6% non-cum. pref. stock and $3,000,000 com¬
mon stock, the present issues to be $5,000,000 bonds, $1,460,000 pref. stock and the entire amount of common stock.
Of the bonds to be issued, $217,000 are to be placed in the
treasury and the remainder to be delivered only for addi¬
tions, extensions, &c.
Receive in
-WiU
Holders of—
W. B. & A. 1st M. (prln.) $3,000,000
do
do
(Interest to date)
do
2nd mtge., $1,000.000
ft Baltimore Terminal
do
Total
a
In
do
Exchange-
Bonds.
100% $3,000,000
1st M. $1,783,000-_100%
(int. to date)
$1,783,000
PreJ. Stock.
a$369,500
a400,000
a90,487
$4,783,000
C$859,987
payment for Interest to March 1 1911 and Interest on Interest.
hands of Investors.
underwritten for reorganization purposes—see below.
In addition to Its bonded debt, the railway and the receivers will, as of
Maroh 1 1911, owe approximately $500,000, Including expenses of receiver¬
ship and reorganization. To liquidate the Indebtedness and provide work¬
ing capital, the plan contemplates raising $600,000 by the underwriting
of $600,000 of new pref. stock, the underwriters securing therewith the en¬
b Bonds outstanding In
c
Also $600,000 to be
tire common stock.
Depositing holders of existing 2nd M. bonds have the right to subscribe
for, at par, $100,000 of the pref. stock and the depositing stockholders
for $500,000 of the pref. stoGk, securing therewith proportionately the
$3,000,000 In common.—V. 91, p. 1162, 947.
West Penn Traction Co.—Dividends Begun on Common
Stock.—The directors have authorized a 1% semi-annual
dividend on the $6,500,000 common stock, payable Dec. 15
to holders of record Dec. 7.
This dividend, No. 1, it is
stated, is based on the excellent exhibit of earnings. Com¬
pare V. 91, p. 1255, 1027.
Wichita Falls & Northwestern Ry.—Notes Offered.—The
Fidelity Trust Co. of Milwaukee offers at par and interest
$220,000 1st M. 6% notes dated Oct. 1 1910 and due Oct. 1
1912, but subject to call on any interest date (Apr. 1 or
Oct. 1) on 60 days’ notice at 103 and int.
Interest payable
at the office of the trustee Fidelity Trust Co., Milwaukee.
These notes are secured by a dosed first mtge. on the extension of the
main line of the road from Elk City to Hammon, Okla., 18 miles, and are
Issued at the rate of less than $12,500 a mile.
See statement and map in our “Railway
Section of Oct. 29 last.—V. 91, p. 465.
and Industrial”
INDUSTRIAL, GAS AND MISCELLANEOUS.
Albemarle & Chesapeake Canal Co.—Foreclosure Sale.—
The property was sold for $300,000 at Portsmouth, Va., on
Nov. 10 to the 1st M. bondholders’ committee, "which, it is
said, will offer to sell it to the Government for $500,000.
—V. 91, p. 1027, 947.
American Express Co.—Strike Settlement.—The drivers
and helpers of the various express companies in the city and
vicinity have been on strike for about two weeks, seriously
interfering with business. The New York men early yester¬
day morning agreed to return to work on Monday next on
the terms proposed by the express companies, provided the
Jersey City men did likewise. The latter met to discuss and
vote on the matter yesterday afternoon.
The agreement provides that union men will not be
the companies, pending a settlement of differences,
discriminated against,
taking back the men
at the old rate of wages and the old hours, with the understanding that on
Dec. 1 any changes mutually agreed upon will become effective.
right
is reserved, however, to decline to reinstate any former employees, whether
union or non-union men. who have either committed or incited acts of vio¬
lence.—V. 91, p. 1162, 591.
The
American Farm Products Co., New York.—Status of Bank¬
rupt.—Schedules filed at Trenton Oct. 28, it is reported, show:
Capital stock, $3,500,000; unsecured claims. $1,072,510, Including $974,bonds; secured claims, being demand loans due the Corn
Exchange Nat. Bank of N. Y., $476,267. Assets, $427,346 (including
stock In trade. $310,368).
The corporation has been adjudicated a bank¬
rupt and the case has been referred to referee In bankruptcy George R.
Beach of Jersey City.—V. 91, p. 791, 465.
000 5% debenture
American Hide & Leather Co.—Quarterly Statements to Be
Issued.—A circular signed by President Thos. W. Hall and
Treasurer George A. Hill says:
At the suggestion of important Interests In the company the directors
have decided to publish quarterly statements of the results of operations.
In issuing the first such statement attention is drawn to the fact that the
leather business, os is well known, is subject to wide fluctuations, and that
the effect of such fluctuations is naturally liable to be more pronounced In
quarterly statements than In statements covering a more extended period.
The accompanying statement is prepared precisely on the same accounting
basis as the annual accounts.
Of the deficit for the quarter, $56,795 repre¬
sents the deduction in the valuation of unsold finished leather, as a result
of a conservative valuation on Sept. 30.
Statement
for Quarter ending Sept. 30 1910.
Net earnings from operations after charging replacements and
renewals and interest on loans
Interest on bonds in the hands of the public, $95,190; sinking
fund appropriation at par, $37,500; and interest on bonds in
$1,910
sinking fund, $32,685
70,185
Deficit for the period-
$163,465
_.$8,516,740
Net current assets
—V. $1, p. 653.
American Malt Corporation.—Directors.—D. J. Carroll
New York, has been elected a director to succeed M.
of
S.
Driggs, deceased.—V. 91, p. 791, 1249.
American Malting Co.—Directors.—Henry B. Ketcham
of New York has been
elected
a
director to succeed J. R.
Williston, who declined re-election; and William E. Payne
and
Charles
H.
Zehnder of New York to succeed M. S.
Driggs, deceased, and A. Murray Young, who resigned.
—V. 91, p. 1162, 1250.
American Rolling Co., Middletown, O.—New
Stock—
Earnings.—Touching the sale of $500,000 new common stock
at $200 per share (V. 91, p. 947) “which will net the company
$1,000,000 additional construction fund and working
capital,” “Cleveland Finance” of Oct. 8 said in substance:
1339
The new money is to be used In building a large sheet mill In the group
of new plants under construction at Middletown, O.
The new mill, which
will cost about $1,000,000, will be used entirely for the manufacture of
electric steel sheets for export, principally to England, France and Holland
and also, when patents are there secured. In Germany.
The company last December sold $1,500,000 of new oommon stock to
shareholders at $200 a share, raising $3,000,000, which Is being used to
triple the original capacity of the plant. The additional sheet mill will
bring the expenditure for Improvements made within the past year up to
$4,000,000. [The company also owns. In addition to Its other property at
Middletown, a rolling mill and factory at Zanesville, O.—Ed. “Chronicle.”]
The present capital Is $800,000 6% cumulative pref. stock and $3,700,000
The net profits for the fiscal year ending June 30 1910
common stock.
were $560,896.
The dividend requirements on the entire capital, after the
new Issue Is out, will be $48,000 for the pref. and $504,000 for the common
at the 12% rate, which will be paid, making a total of $552,000.
By the
time the new Issue Is ready, however, the company will have completed
the additions quadrupling Its capacity, and Its earnings will be enlarged In
proportion. The company has a surplus of $2,285,574, which will be
Increased by $500,000 when the new stock is sold.
On the Stock Exchange Wednesday the rights of the new stock were bid
for at $8 premium.
The common stock Is selling at $275 a share. Such
portion of the new Issue that Is not taken by present shareholders will be
purchased by a syndicate headed by W. E. Hutton tc Co.—V. 91, p. 947.
American Smelters Securities Go.—$15,000,000 Bonds
Underwritten.—A contract has been closed with a syndicate
headed by Kuhn, Loeb & Co. and including, it is understood,
J. P. Morgan & Co., Eugene Meyer Jr. & Co., and other bank¬
ing houses, to underwrite $15,000,000 15-year 6% sinking
fund bonds of the Securities Company, convertible for
years into the common stock of the American Smelting & Re¬
fining Co. whenever the bonds sell at par or above. The
bonds are redeemable at 105% on 90 days’ notice any time
after four years.
The bonds will be offered to the share¬
holders of the American Smelting & Refining Co. for sub¬
scription at par.
The proceeds will be used in part to liquidate the floating
debt, now amounting to approximately $11,000,000, of the
Securities Company, incurred in making additions and im¬
provements to the properties of the Securities Company, and
also to complete the payment, amounting to $1,967,200, for
the stock of the Baltimore Copper Smelting & Rolling Co.,
purchased under contract July 1 1907. See statement by
President Guggenheim under “Annual Reports” on a pre¬
ceding page.—V. 91, p. 1162, 532.
American Smelting & Refining Co.—Convertible Bonds, &c.
—See Amer. Smelt. Securities Co. above; also under “Annual
Reports” on preceding page.—V. 91, p. 1162, 531.
Arkansas Natural Gas Go.—Status-Mortgage.—This com¬
pany, incorporated Oct. 9 1909 under the laws of Delaware,
filed in July 1910 a mortgage for $5,000,000 to the Colonial
Trust Co. of Pittsburgh, Pa., as trustee, to provide for the
construction of a system of pipe lines, &e., projected to
extend from the natural gas field near Shreveport, La., to
Little Rock and Hot Springs, Ark., and possibly to Prescott,
Ariz., and St. Louis, Mo. Of these bonds,.$2,885,000, we
learn, were on Oct. 10 outstanding or about to be issued,
being “first and general mortgage” 6% gold bonds of $1,000
each, dated May 1 1910.
^
This Issue replaces the authorized Issue of $2,750,000 1st M. bonds, dated
Nov. 1 1909, only $270,000 of which was subscribed and paid for when
remainder was retired and the new $5,000,000 Issue was created,
$270,000 of the latter being1 set aside to take care of the 1st M. bonds,
which. It appears, are subject to call at 102 X Nov. 1 1911 and 1913
Interest M. & N. at office of trustee.
the
The
Pittsburgh “Gazette”
on
July 17 said:
The Une. for which all of the right-of-way has been secured and surveyed.
Is to be 235 miles long and consist of 10, 12, 16 and 18-Inch pipe.
More
than 100 miles will consist of 16 and 18-lnch. At Vivian, one of the largest
compressor plants in this country will be erected, and at points along the
line pumping stations will be erected.
The proposition first commended Itself to the J. 0. Trees Oil Co., while
drilling for oil in Caddo Parish.
Enormous gas wells were encountered,
and as soon as tested were shut In.
The company continued leasing until
It acquired more than 100,000 acres of territory In the gas area, and by the
time It had completed 15 wells the volume of gas shut In was estimated at
more
than 300,000,000 cubic feet a day, and this amount will be ready to
market as soon as the line has been completed.
The estimated capacity
of the line Is 40,000,000 cubic feet each 24 hours, and franchises for piping
?:astow’ns
Into all
of the towns
touched
bylines
the trunk
have been[The
secured,
and
to which
adjacent
branch
will beline
extended.
company
n
Is reported to have obtained in December 1909 a 35-year
Pine Bluff, Ark., and in March 1910 a 30-year franchise
Ariz.—Ed.
“Chronicle.”]
The officers are:
Pittsburghers—J. O. Trees, Pres.; Geo.
franchise from
from Prescott
H. Fllnn, VicePres.; W. J. Diehl, Sec. and Treas.
Directors at Incorporation: William
Fllnn, Joseph F. Guffey, A. B. Dally Jr., J. C. Trees, M. L. Benedum,
George H. Fllnn, E. P. Whitcomb, H. S. Grayson, T. N. Barnsdall and
Harry W. Davis (of Delaware).
The authorized capital stock Is $6,500,000
$100 shares, all of
In
one
class.
Office, Union Bank Bldg., Pittsburgh, Pa.
Armstrong Cork Co., Pittsburgh, Pa.—New Stock.—The
on authorizing the directors—
shareholders will vote Nov. 30
To Issue such additional capital stock, or any part thereof, from time to
time to the holders of common stock In payment of dividends, or to offer
such additional capital stock, or any part thereof, from time to time to
the stockholders, for subscription at such price as the directors shall deem
3,698,000
Accumulated
$4,500,000;
Issued,
Sroper.
[On(par
Dec.$100);
31 1909no thebonds.
auth. capital
stock was
surplus,
$1,224,500—
Increase In 1909 $74,500; profit and loss surplus, $713,959—increase
920.
Dividends not known.—Ed.]—V. 88, p. 1131.
$197,-
Arnold Print Works, North Adams, Mass.—Sale of
Mills.—The company has sold the cotton mills of the
Cotton
North
Pownal Mfg. Co. and the Williamstown Mfg. Co. to the
Greylock Mfg. Co. of North Adams. A Boston paper on
Oct. 20 said:
The sales are In accordance with the policy of the Arnold Print Works,
which, under Its reorganization plans, Is disposing of all Its cotton mills.
The Beaver and Eclipse mills were sold last week to a syndicate, of which
William Butler of New Bedford is the head.
(See Hoosac Cotton Mills
below.)
Since the Arnold Print Works failed, Nov. 8 1907, the mills have
been running on very short time.
Ordinarily they employ about 500 op¬
eratives each.—V. 91, p. 588.
Atlantic City (N. J.) Electric Go.—Bonds.—The Philadel¬
phia Stock Exchange has listed $269,000 additional “first
and refunding mortgage” 5% gold bonds, due 193S, making
the total listed $1,019,000.
-
.
proceeds of the $269,000 bonds have been, or are to be, applied In
part to the purchase and retirement of $19,000 New Jersey Hot Water
The
He
^—
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1330
THE
CHRONICLE
Atlantic
tJ
City (N. J.) Qas Co.—Earnings.—For 3 months
Sept. 30 1910:
Month of—
Gross.
Exp. A Taxes.
Net.
$18,786
$26,870
Interest.
Surplus.
$12,500
$14,370
54,058
21,194
32,864
12,500
20,364
Se tember
59,589
19,289
40,300
12,500
27,800
Surplus for 9 mos. ending Sept. 30 1910, $96,362.—V. 91, p. 40.
July
August
$45,656
Atlantic Fruit Co., New York and Baltimore.—New Stock
—In
circular dated New York,
DiGiorgio said in substance.
a
Starting in 1905 with
a
Sept. 30 President Joseph
i
paid-up capital of $250,000, the first return to
stockholders was made by the payment In 1906 of a dividend of
15%, followed
in 1907 by a like dividend of 15%, in 1908
by one of 6% and In 1909 also
6%.
In these years a more than satisfactory surplus has accumulated.
We early realized the value not only of
Importing, but of growing bananas
as well, and this class of
Investment has been steadily increased In Cuba
and In Jamaica.
To this the past year has seen a substantial investment
added In Central America, from which
very ample returns will be had; and
these investments are to be Increased as
speedily as Is warranted.
Wth the extensions of business under
way It seemed advisable to hold
the cash on hand and distribute a
large portion of the surplus to stockholders
by way of stock dividend.
Accordingly [this September] you Increased the
authorized capital stock to $1,000,000, and
your board has declared, first a
cash dividend of 8%, and,
secondly,a stock dividend of 100%, checks and
certificates for which are enclosed herewith to each stockholder.
This, as
per attached statement, will leave us with a paid capital of $500,000 and a
surplus of $55,710.
In contemplation of the additional Investments in
plantations, it has been decided to sell a portion of the $500,000 of new
unissued stock at par ($100 per share).
You have the right to subscribe at
on or before
Oct. 15payable
for an 50%
amount
Ear
to your
oldlngs.
Subscriptions
Oct.of15stock
1910 equal
and 50%
Jan.
Assets ($1,192,840)
Securities of other cos
Furniture and fixtures
Cash on hand
Balance Sheet Sept. 30 1910.
Liabilities ($1,192,840)—
—
Accounts collectible
Open
voyages,
&c
Jamaica plant
$289,019
4,104
164,455
201,722
17,307
16,233
500,000
present
1 1911.
fered.—Ed.]
Notes and drafts payable.
Accounts payable
$1,000,000
31,772
105,358
Treasury stock
Surplus
55,710
Henry J. Buck Is Treas. and Irving K. Ward, Sec. & Gen. Aud. N. Y.
office, 11 Broadway.
Headquarters formerly Baltimore. V. 83, p 1038.
At the recent annual meeting John A.
Donald, President of the Donald
Steamship Co., Salvatore Dl Giorgio and James A. Fechtlg Jr. were elected
directors.
The board now consists of the
following: Joseph Di Giorgio,
Thornton Rollins, J. S. W. Holton, William H.
Bennett, Robert
Henry J. Buck, Irving K. Ward, Salvatore Dl Giorgio, James Penlngton^
A. Fechtlg
Jr. and John A. Donald.
~
-
~
‘
"
‘
'
Compare V. 83, p. 1038.
Bedford (Ind.) Quarries Co.—Sale.—See Cleveland
(O.)
Stone Co. below.—V. 83, p. 494.
Butler Mill, New Bedford.—See Hoosac Cotton Mills.
Campbell Coal Mining Co.—Bonds All Sold.—The Robinson-Humphrey Co., Atlanta, informs us that the 1st M. 6s
put on the market by them last spring, were all sold during
the month of May.
Compare V. 91, p. 873.
Canadian North Pacific Fisheries, Toronto.—Debenture
Stock Offered.—There was offered in London from Nov. 2 to
4
an issue of
£400,000 5% 1st M. debenture stock at 86%.
An advertisement
shows:
Formed to consolidate the whale fishing
enterprises on the Pacific Coast
of Canada, and is acquiring the
undertakings, fishing stations, vessels, &c.,
of the Queen Charlotte Whaling Co., the
Pacific Whaling Co., the Prince
Rupert Whaling Co. and of the recently formed Canadian Arctic
Whaling
Co.
Approximate assets, alter including the proceeds of the present
issue,
and discharging all liabilities,
$4,500,000, viz.: Three complete factories,
plants, buildings, &c., including 530 acres of freehold land, five
steam
whaling vessels, boats and equipment, $1,156,000; ten licenses,
covering
British Col. and Canadian Arctic coasts, and the exclusive
rights to the
process of Dr. Rissmuller In the manufacture of whale
products. good-wilL
&c., &c., $2,390,000; cash. Including profits of current
year, est. at $260,000, $954,000.
The directors propose to acquire five
additional steam
whaling vessels and to erect a halibut station with modern
equipment.
When this has been done, they
confidently expect the following results:
Sales of product of whaling stations,
$1,000,000; sales of product of halibut
station, $500,000; total sales, $1,500,000; net profit,
$615,000; Interest on
present Issue, $100,000; sinking fund, say
and dividend* $425,000,
This Issue is repayable at
par on
reserves
acres of
the otherundeveloped
of
of underlying liens.
properties
retire
$90,000; balance, surplus, for
April 2 1941 by means of a cumulative
sinking fund equal to 6% of sales of merchandise, with a minimum
of £40,000 In each period of three
completed years. The sinking fund will begin
on or before Feb. 15 1912 In
LXXXXi
coal land In the Elk Horn field of Kentucky and all
the Consolidation Coal Co. subject to $14,752,000
Of the
new
mortgage. $14,752,000 will be reserved to
$5,133,000 Consolidation Coal Co.
4H% bonds, due May 1
1934; $421,000 Consolidation Coal Co. 1strefunding
M. 4 H % bonds, due Jan. 1 1922,
and $9,168,000 bonds of
subsidiary
companies maturing at different periods
from 1913 to 1932.
There will also be set aside $9,248,000 to be used for
developing
the
properties of the
There are in the hands of the company.
public about $3,500,000 of Somerset Coal
Co. bonds, the
remaining $500,000 having been bought for the
sinking fund.
The bonds In the
fund will be paid off when the other part of the
sinking
issues Is retired.
The company has the right to call the
Kentucky bonds
at 105 and int. and the
Somerset bonds at 110 and int.
The retirement
of the
securities, therefore, will entail the payment of a premium of
on the two Issues.
$550,000
It will also free these
properties from
1906-87.
mortgage and the
new loan will thus
become a first mortgage on these most valuable
!n addition to the
properties.
Issue of $9,000,000 of bonds at once, the
stockholders
will be asked to
authorize an increase In the capital stock,
although the
amount has not been
definitely decided. Of the new stock $4,500,000 will
oe issued at
par in payment for the
100,000 acres of coal land In Kentucky.
Under the terms of the
agreement new stock will not participate In dividends
for at least two
The company Is In a most
years.
prosperous condition
aad Is paying
6% upon its capital stock of $19,02i»,400.
I Asked to conect
regoing the company states that it “has no suggestions
to make.”
The “Manufacturers’
Record” of Baltimore on Nov. 10, in
a detailed
statement regarding the purchased
property, said:
“The Louisville &
Nashville RR. has also authorized
and begun construction on a line to
extend from Jackson in
Breathitt
County, the terminus of the Lexington
& Eastern Ry., which is
controlled by the Louisville &
Nashville, to the
southern end of the
property purchased by the Consolidation
distance of from 90 to 100 miles.
company, a
The cost of this
be borne by the Louisville
undertaking, which will
& Nashville, will befrom
$4,000,000
to
$5,000,000.
—Ed.] Compare V. 91, p. 1256.
.
Cap. stork [Incl. $500,000
paid up and $500,000
treasury stock now of¬
[VOL.
Defiance (O.) Gas & Electric
Co.—Control.—See
Wayne
County Gas & Electric Co. in V. 91, p. 1174.
Dominion Steel Corporation, Ltd.—Notes
Offered—The
Dominion Securities Co.
Ltd., Toronto, Montreal and Lon¬
don, offered on Nov. 5 at 95.73 and int., to
yield
$1,500,000 of the issue of $2,500,000 5-year 5% 6% income,
debentures,
dated
Nov. 1 1910 and due Nov. I
1915, but redeemable as
whole or in part at 102^ and
int. at company's option On
any interest date upon 30 days’ notice.
a
Principal and inter¬
est
(M. & N.) payable at Canadian Bank of
Commerce, To¬
ronto,- Montreal, New York and London. Denominations
$500 or £102 14s. lOd. (c*).
Issue limited to $2,500,000.
Abstract of Letter from President J. H.
Plummer, Toronto, Oct. 18 1910.
The
corporation
was
formed in 1909 under the
Nova Scotia Companies’
Act, its chief purpose being to bring about a
union of the Interests of the
Dominion Iron & Steel Co., Ltd., and
Dominion Coal Co., Ltd:
It has
acquired nearly the whole of the common stock of
both companlevS, viz.:
Total Issued.
Owned
Dominion I. & S. Co. common, par value
Dominion Coal Co. common, par value.. $20,000,000 98.8% or $19,776,300
15,000,000 97.6% or 14.648,200*
Total
$35,000,000 98.3%
The consideration given for these
shares
or
$34,424,500
was: Common stock of the
cor¬
poration aggregating at Its full value
$34,424,500, and the obligation to pay
$1,376,980 cash, being $4 per share, payable in four
[beginning July 1 1910 to assenting holders, V.90, p. quarterly Installments
1104—Ed.]$35,801,480.
The cash payment of $1,376,980 above
mentioned, with Interest and ex¬
penses, constitutes the entire liabilities of the
corporation.
These [$1,500,000] debentures are Issued to provide for this payment.
In making a short¬
term Issue to meet this
obligation,
the board has In view the liquidation out
of earnings rather than by a permanent
addition to capital or
Indebtedness,
If that conservative course should
prove to be practicable.
The shares
owned as above have a present market
value of over $21,000,000, and are
to be held free of mortgage lien while
these debentures remain
outstanding.
The earnings of the two controlled
companies
to their common
stock, after providing for depreciation, fixed applicable
charges
and
dividends
on
pref. stock, were reported as follows by the auditors
who examined their
respective books and accounts last year In
anticipation of a merger:
Earnings Available Jor Common Stocks oj which the Corporation Holds
98 %.
Steel
Company.
(May 31 Year)
$1,342,381
1,822,806
1,351,473
Coal Company.
(June SO Year)
>
$371,645
638,837
1,095,361
Total.
(12 Mos.)
$1,714,026
2,461,643
2,446,884
The surplus ($2,446,834) for the last
year quoted available for dividends
on the common stocks of the two
companies was derived as follows:
Total
earnings, after full provision for depreciation, but before
charging Interest
(adjusted as to Steel-Coal suit), $3,928,589; less Interest and
discount paid,
$921,754,. and dividends on pref. stock, $560,000; balance,
surplus, $2,446,834.
The union of Interests Is
respect of the year 1911, and will be
applied to
purchases at or below 99, or in redemption of the stock
at par by drawings.
The company reserves the right to redeem
the whole or any part of this
stock at
par at any time after Jan. 1916 on 6 months’ notice.
Interest
producing excellent results in the op¬
eration of the two companies, which will benefit
both alike.
Their busi¬
sound and healthy condition, their
output large and Increasing
and the market for their products Is
steadily growing.
of the trustees, ranking pari
passu In all respects with the £400,000 now
offered, to the extent of 75% of the actual cash cost of
additional vessels,
equipment, land, securities dr Other assets which It may
acquire.
Forget and Wm.
McMaster; Montreal, Vice-Presidents; Sir Wm. C. Van Horne,
Sir H. Mon¬
tagu Allan, Hon. Robert Mackay, W. G. Ross and George
Caverhlll, Mon¬
treal; Hon. George A. Cox, Frederic Nlcholls and Ellas
Rogers,- Toronto;
H. F. Dlmock, N. Y.; Hon. David
MacKeen, Halifax.—V. 91, p. 1256
Eayable
April
2 in London
2 and Oct.
or in Canada at $4 86 2-3 to the£ sterThe
ng.
company
reserves
power to Issue further stock with the consent
Among the directors are A., p. McRae, Esq.
(President), Dr. Ludwig
Rissmuller and Capt. Sprott Balcom
T. Blundell-Brown,
Capt. Wm. Grant, D. B. Hanna Esq. (Vice-Presidents),
and R. M. Horne-Payne.
[The com¬
pany was Incorporated under Canadian
Companies Act Sept. 30 1910 with
$2,500,000 capital stock In $5 shares.
Present name adopted Oct. 14.
Subscriptions for the debenture stock are reported to have been
light—
possibly 15% of Issue.—Ed.J
Cedar Rapids (la.) Gas tight Co.—See
Fuel Co. belew.—Y. 90, p. 1679.
Cities Service Co., New York.—Stock
Peoples Gas &
Oversubscribed.—
The $1,000,000 preferred stock offered last week
by Doherty
& Co., has been several times
over-subscribed.—V .91,
p. 1255, 873.
; :
' *
•:
Cleveland (0,) Stone 06,—Purchase.—The
following
froni
‘‘Cleveland Leader" of Oct. 28 is
.
,
officially approved:
It developed yesterday that the purchase
price for the Bedford Quarries
Co. of Indiana,
acquired Wednesday by the Cleveland Stone Co., was
$1,142,000, to be paid $600,000 in cash, $150,000 In new 1st
M. refunding
bonds and $392,000 by assuming this amount
of the outstanding bonds of
the company (V. 83, p, 494).
It is proposed to have the Perry-Matthew'sBuskirlt Stone Co., one of fhe Cleveland Stone
Co.’s Indiana holdings, take
the title of the Bedford Quarries Co. or
organize a new company to acquire
the title of both properties and
merge with such corporation and issue first
and refunding bonds to the extent
of $2,000,000, as authorized,
$500,000
of the bonds to remain uncertified
with the trustees and to be used
for
additional purchases of property and
$1,500,000
to
draw
6% and mature
in 20 years in
unequal installments, subject to call at any Interest
period at
101.
The average annual net
earnings of the Perry-Matthews-Buskirk
Stone Co. for the past six years were
$156,000,
and of the Bedford Quarries
Co. $147,000.
President George H, Worthington thinks that
together
the; companies will earn $400,000 annually.
[The First Trust & Savings
Bank/jm Chicago, acting as trustee for the associated
banks of Chicago,
which took over the assets of John R. Walsh,
«q[d pn Oct. 26 the $600,000
stock of Bedford Quarries Co. to
the Cleveland Stdnie Co.]—V.
89, p. 1485.
! Consolidation Coal Co.,
Baltimore/
Financial Plan.
—gamble ton & Co., Baltimore, in their weekly circular
dated, Nov. 5 say:,'% '-^
-i" 'f!
A newxplan for
financing
;
is being considered. This plan Is
this;company
said to authorize the Issue of
a $40,000,000
mortgage to cover the Somerset
property of 30,000 acres of coal land and
Improvements thereon and 100,000
ness Is In a
Directors.—J. H. Plummer, Toronto, Pres.; Hon. L. J.
(E. I.) du Pont de Nemours Powder Go.—Listed.—The
Exchange has listed $693,900 additional
pref. stock issued in part payment for property purchased,
and has authorized the
listing after Jan. 25 1911, but prior
to July 1 1911, of the $1,682,000 additional
pref. stock
recently offered to stockholders at $80 per share and under¬
written, making the total authorized to be listed $15,897,100.
Compare V. 91, p. 719, 520, 466.
New York Stock
The directors Aug. 18 1910 authorized (1) the iBSue of
$598,000 pref.
stock In part payment for the property and business
of the Fabrikoid Co.
(V. 91, p. 399) of Newburgh, N. Y., an additional outlet for one
of the
Principal products, which serves
as a base for fabrikoid; (2) the issue
of
95,900 pref. stock in part payment for 395 shares of stock of the Hamilton
Powder Co. of Montreal.—V. 91, p.
1162, 719.
.
Merger of Subsidiary.—Deeds were filed in July last
conveying to the company the various plants of the Laflin
& Rand Powder Co. (of which stock control was held for
some years),for a consideration
aggregating about $2,200,000.
—V. 91, p. 520, 719.
Great Northern Iron Ore Properties.—Dividend.—The
.
trustees have declared
a
sixth distribution of 50 cents
a
share, payable Dec. 1 to holders of permanent certificates of
beneficial interest of record
amount
on
Nov. 18.
A dividend of the
paid on Sept. 15 and also on March 15 last,
but the previous disbursements were $1 each on Sept. 16
1907,
March, 16 1908 and Sept. 15 1909*—V. 91, p. 466..
t o iHoosac Cotton Mills* North Adams, Mass
,-^-New. Company
Stock Offered.—This
company is being organized under the
Massachusetts ' with'ilh fapital stock of $1*500,0$),
consisting of $750,000 cumulative pref, stock and $750,000
pphimon stock, of whifch Lh^KWilLhe issued at pre^jt
$600,000 of each class, vta ownt and operate the Eclipse a«d
the Beaver mills, located at North
Adams, Mass. Hornsame
was
sroy. 12
THE CHRONICLE
1910.]
1331
blower & Weeks, Boston and
National Carbon has been running very strong In cash, and on July 31
The
last, of Its $1,750,000 working capital about $1,400,000 was In cash.
Preferred both as to assets and earnings; enjoys equal voting power with
the common.
Entire Issue callable after Nov. 15 1915 at $120.
Beginning
Nov. 15 1910 will draw cumulative Interest at 6%, payable Q.-F., after
which the common stock will be entitled to 6%; thereafter the two Issues
will share equally In earnings until the pref. receives 8%, to which amount
It Is limited.
There are no bonds.
The ability of the company to earn the dividend on the pref. may be
dividend calls for the payment of $825,000.
Earnings have been making
new records this year, and for the 7 months ended July 31 net was $848,612,
comparing with $748,774 for the corresponding period of 1909.
Notwith¬
standing the growing earning power, the management has been conservative
in its dividend policy.
Earnings have been turned back Into the property,
so that the common now represents over $100 per share In property assets
after allowing par for the $4,500,000 7% pref. stock.
[Previous cash divi¬
dends paid on common stock were: In 1905, 3% (1 A% each In Jan. and
July); 1906 to July 1909, 4% yearly (1% quar.); Oct. 1909, 1M%; 1910,
6% (1A% quar.) ]—V. 90, p. 558.
New York, have recently been
receiving subscriptions for the pref. (non-taxable in Mass.)
at par, $100 a share.
A circular shows:
judged by the fact that It will have practically the same management as
the Butler Mill of New Bedford, Mass., which company has shown:
Butler Mill of New Bedjord (Organized 1903) — Years ending April 30.
(*Incl. 20% stock dividend) ..1906.
1907.
1908.
1909.
1910.
Profit and loss account.-.$188,982 $314,220 $415,642 $464,752 $556,039
Earnings per share
18.1%
18%
16.1%
9%
15%
Paid per share
5 %
8%
8%
9%
*28%
In 1904 the Butler Mill showed profit and loss account $16,274 and In
1905$69,558; earnings pershare (no dividends), 1.6% and 5.3% respectively.
The directors of the Hoosac Mills are: William N. Butler (President),
Robert F. Herrick and F. J. Hale, Boston; A. B. Daniels, North Adams,
Mass., and Henry Hornblower, Boston.
The Eclipse mill contains 80,000
producing spindles and 2,000 looms.
The Beaver Mill, located about a
half mile above the Eclipse mill, contains 29,652 frame spindles and 900
looms.
Estimated replacement value of these two plants about $2,250,000.
The plants are In excellent condition, although not now operating at full
capacity; they produce In general the finer grades of cotton textiles. (Com¬
pare Arnold Print Works above and In V. 85, p. 1514).—V. 87, p. 478.
Houston Oil Co.—Possible Adjustment.—Hambleton & Co.
on Nov. 5 said:
“While there is no positive
of Baltimore
announcement, it is believed that the company is about to
make some readjustment of its affairs which will be beneficial
to its stockholders."—V.
88. p.
1064.
Indianapolis (Ind.) Water Co.—Increase of Stock.—A cer¬
tificate of increase of capital stock from $500,000 to $5,000,000 was filed in the office of the Secretary of State of Indiana
on
Nov. 9.
reasons assigned for the Increase are the Increase of business and the
disproportion between the business and the capital stock, and.also the ob¬
taining of proper credit In the annual payment of the Federal Corporation
Tax on the bonded debt.
Under the Federal statutes any corporation
with a stock capitalization smaller than the bonded debt pays for the priv¬
ilege, President Boyd says, in a percentage on the amount that the bonds
exceed the capital stock.
The bonded indebtedness of the water company
exceeded the capital stock by $4,500,000, and on this amount the corpora¬
The
tion was unable to obtain credit In making Its annual tax statement.—
V. 90. D. 1557.
International Textbook Co., Scranton, Pa.—ReportSee
“Annual Reports/'
Decision.—The United States Supreme Court on Nov. 7
reversed judgments of Wisconsin and Vermont courts, which
dismissed suits brought by the company to enforce contracts.
The Court holds that the business transacted by correspondence schools
is Inter-State in character, and such institutions are not to be denied the
right to sue in State courts because of failure to comply with local laws as
to filing certificates of incorporation.—V. 91, p. 41.
Iron Steamboat Co. of New Jersey.—Report.—For year:
Oct. 31.
Year.
1909-10
1908-09
Cross
Earns.
$359,795
377,350
Net {after
Other
Taxes).
Income.
$31,691
49,167
$60,880
J 1,350
Bond
Divs.
Interest.
(5%).
$25,000
$15,217
25,000
Balance,
Surplus.
$52,354
25,517
New
Officers.—Frederick A. Bishop has been elected
President, to succeed A. I. Harrison, deceased, and T. Ellett
Hodgskin, Secretary, in place of William H. Woolverton,
who resigned.—V. 91, p. 1256.
Lackawanna Steamship Co.—Dividend Increased to 6%.—
The company paid on Oct. 1 a quarterly dividend of 1^%
on its $1,120,000 of outstanding capital
stock out of the
earnings for the season ended Sept. 30 1910. In 1909 (in
December) 4% was paid; since, as above. Bonded debt
$765,000; Ii. G. Dalton is President and Treasurer. See
bond offering.—V. 86, p. 797.
Laclede Gas Light Co., St. Louis.—Bonds, Earnings.—
N. W. Harris & Co., N. Y. and Boston, and the Harris Trust
& Savings Bank,Chicago,are offering,at 101and int.. not
over $300,000 additional “ref. and exten. mtge." 5s of 1904,
making the total outstanding not exceeding $9,182,000, with
a further $10,000,000 reserved to retire $10,000,000 1st 5s.
Earnings
as
Officially Reported for Year ended Sept. 30 1910.
.-$4,466,1081 Int. on $19,182,000 5»
$959,100
1,908,7101 Balance, surplus
949,610
Gross earnings
Net (after taxes)
—V. 91, p. 467, 156.
—
Laflin & Rand Powder Co.—Merger.—See du
Nemours Powder Co.—V. 85, p. 349.
1
Pont de
McGrum-Howell Co.—Directors.—George R. Nichols of
Chicago of the Board of Trade firm of Young & Co. has been
elected a director.—V. 91, p. 1098, 1163.
Michigan Sugar Co., Detroit.—Stock Dividend.—A stock
dividend of 35
has been declared on the common stock,
increasing the amount of common stock outstanding to
approximately $7,500,000. This dividend is payable, along
with the usual quarterly cash dividend of l%%,on Nov. 15
to stockholders of record Nov. 7.
The profit and loss
surplus remaining after payment of the stock dividend is
$1,200,000. The beet crop, it is said, has been unusually
heavy in Michigan this year and the sugar content has
touched the record—17%.
The pref. stock is $3,703,500;
par, $100; no bonds.—V. 90, p. 853.
Mexican Light & Power Co.—Guaranteed Bands—Esti¬
mate of Company's Earnings for 1910.—See Pachuca Light &
Power Co. below.—V. 91, p. 92, 399.
National Carbon Co., Cleveland.—Special Dividend of
15%.—The holders of the $5,500,000 common stock of record
Oct. 28 received checks on Nov. 9 for an extra dividend of
$15 a share.
The “Boston News Bureau" on Nov. 9 skid.
V ’ This Unexpected payment fe&Midrw the rt^W'the:common st6eftd96^S?104
Uft Januwwrtb, 145. the prlcq totfqhetj within a-week.
It also disposes,pf the
rumor that .the General Electric Co. was to take over the Carbon company .
nrv&Oniy official announceiheiit of thC:dlvidei.d is the very brief note storing
‘ttMit the f5% dividend was payable to;holders of record Oct. 28The stock
transfer books were dosed on that day; and purchasers of stock In the BostBn market only learned of thfe fherwhen their stock was presented1 Tor
transfer. The regular dividend was?not payable until next January,
National Surety Co., New York.—Increase of Stock—Stock
Dividend.—The stockholders on Nov. 9 voted to increase
capital stock from $750,000, the present amount, to
Of the new stock, $250,000, it is understood,
is to be issued as a 33 1-3% stock dividend, the remaining
$500,000 having been sold to new interests who have re¬
cently become connected with the company.
New Directors.—The following have been elected directors
to represent the new interests:
the
$1,500,000.
Samuel McRoberts, Vice-President of the National City Bank, New York;
Felix Warburg, of Kuhn. Loeb & Co.; James N. Wallace, President of the
Central Trust Co.; David R. Forgan, President of the National City Bank
of Chicago; William G. Baldwin, President of the Otis Elevator Co., and
Joel Rath bone, Vice-President of the company.—V. 88, p. 689.
New River Lumber Co., Cincinnati, O.—Bonds Called.—
Seventeen ($17,000) 1st M. 20-year 6% bonds have been
drawn for payment at 105 and int. on Dec. 1 at the Knicker¬
bocker Trust Co., New York, trustee.—V. 86, p. 984.
Niagara Falls Power Co.—Listed.—The New York Stock
Exchange has listed $4,197,500 capital stock, $9,630,000 1st
M. 5% bonds due 1932 and $8,226,000 “refunding and gen¬
eral" mtge. 6% bonds due 1932.
Earnings.—The combined earnings of the Niagara Falls
Power Co. and the Canadian Niagara Powrer Co. for the 9
months ending Sept. 30 were:
Deduct—
Total oper. revenue
$1,607,537
Net after taxes, &c
$1,155,346 Interest on bonds
;
Non-oper. revenue (net)..
102,998 Miscellaneous
Net Income
1,258,343 Balance, surplus
For the 9 mos. the Cataract Power Co. showed gross,
$797,968
471
$459,904
$1,018,368; net,
$260,900; surplus after charges, $222,567, and the Tonawanda Power Co.,
after paying a 3% dividend ($7,500), reported a surplus of $21,398.
The Niagara Falls Power Co. Is now paying 8% per annum on Its $4,197,500 stock, which for the 9 months calls for $251,850.—V. 90, p. 1557.
Nova Scotia Car
F. B. McCurdy &
Works, Ltd.—Proposed New Company.—
Co., Halifax, are proposing to organize a
company with this name under the Nova Scotia Companies’
Act, its authorized capital stock to be $2,625,000, in shares
of $100 each, to take over the property and business of the
Silliker Car Co. of Halifax and assume its indebtedness, in¬
cluding the debt to the city of Halifax. The new company's
stock would be divided into classes as below indicated, of
which, if the plan succeeds, the amounts shown would be
given as consideration for the Silliker Car Works:
Total Capital Stock of New Company
Class oj Stock—1st pref. 7% cum., red at 110
2d pref. 7% cum. red. at 105 or
3d pref. 6% non-cumulative
Common stock
and Amounts Issuable for Siliker CarWks
TotalAuth. For Siliker
$500,000
250,000 $125,000
500,000 249,100
110
,
1,375,000
-
41,700
The plan calls for “an undertaking to purchase 4,000 first preference
shares of the company at par, less a commission, and to pay for same as
A Canadian paper states that
required by the directors of the company.”
the issued capital stock will aggregate $1,743,100, including:
First pref.
(new money), $400,000; 2d pref., to be exchanged for the present Silliker
Sref.
(which
also
receive afor
bonus
of 33 1-3%
In ordinary
d pref.,
to be
exchanged
the present
Silliker
ordinaryshares),
shares, $125,000;
$ f r $,
$249,100; ordinary shares proposed to be issued, $969,000.
F. B. McCurdy & Co. write:
"The Silliker Car Co. shares, totaling $374,100 ($125,000 pref. and $249,100 common), were paid up In cash at par: no
promotion expenses, and are to be “swapped,” $ for $ for 2d and 3d pref.
shares, respectively.
The company enjoys exemption, from etty taxation
until 1917 and an assessment figure fixed at $50,000 for to years thereafter,
and the city Is being asked to place the Nova Scotia Car Works, Ltd., in
the same position In this regard.
When this has been done, as It doubtless
will be, for thecapacltyof the works Is to be quadrupled, the plan will become
The $400,000 of new capital for which the $400,000 1st pref.
operative.
stock will be Issued has been already subscribed.
[The new cash. It Is
stated, will be used to pay off the debt due to the city of Halifax for subsidy,
some $108 ,000; also all bills payable, and for extensions of plant and further
working capital.—Ed.]
;
Oakland
(Cal.) Traction Go.—New Bonds.-—The share¬
holders, it is stated, will vote Dec. 31 on “creating a new
bonded indebtedness."—V. 91, p. 464, 155.
Omaha (Neb.) Water Co .—Dividends Resumed.—A divi¬
dend at the rate of 5% on the $614,300 5% non-cumulative
1st pref. and of 3% on the $858,000 5% non-cumulative 2nd
pref. stock have been declared, both payable Dec. 1 to the
holders of certificates of beneficial interest of record Nov. 15.
from earnings of the fiscal year ending June 30 last.
No disbursements have been made on the 1st pref. since Aug. 1905, when
2 A% was paid; the last dividend on the 2nd pref. was 1%, paid Aug. 1903.
The city last month offered its 4% bonds to pay for the property under the
appraisal of the plant at $6,263,295, which was held valid.by the United
States Supreme Court, but no bids were received, and It is expected the city
will make another offering later, possibly at a higher Interest rate.
Com¬
pare
V. 91, p; 876. 899.
1
'
Owego (N. Y.) Gas Light.—Control.—See
Gas & Electric Co. in V. 91, p. 1174.
;
Capital stock, $60,000; 1st M., $50,000 5s
j
Wayne County
due Jan. 1 1939, all out; Int
J. & D.
Mileage of mains, 4 A.
Annual output about 7,000,000 cu. ft.
Gross earnings cal. year 1909, $15,493; net, $4,398; surplus, after taxes
and Interest, $611
,v
;
,
v:/.
Pachuca (Mex.) Light & Power Co. (Oompania de Luz y
Fuerza de Pachuca Sociedad Anonima) .—Guaranteed Bonds
1332
THE CHRONICLE
notice or on voluntary liquidation or
amalgamation with another company.
Bearer bonds denominations £20 and £100
(c*).
Interest payable A. & O.
In London, New York, Toronto, Brussels
and Basle at the offices of the
Canadian Bank of Commerce or its agents.
Abstract of Letter from R. C. Brown,
President, Oct. 14 1910.
Incorporated under the laws of Mexico early In 1910 and acquired all the
concessions, properties and business of the Companla Electrlca e
Irrlgadora
en el Estado de Hidalgo,
supplying hydro-electric energy for public
ing In city of Pachuca, and for private lighting and power In the citylight¬
and
District of Pachuca (about 50 miles from the
City of Mexico); population of
the district about
100,000 Inhabitants; annual output of
The
ore,
450,000 tons.
Hidalgo company owned a hydro-electric power station
developing
about,6,000 h.p., with 50 miles of transmission lines, and had
paid dividend
on Its capital stock beginning with
5% In 1902 and increasing to 8% by 1909
This plant will be continued In full operation.
In addition the company has entered Into an agreement
with the Mexi
can Light & Power Co. providing for extra
power to meet further require¬
ments, and has closed new contracts with consumers for the
supply of an
additional 6,500 h.p., and further contracts are under
I esti¬
negotiation.
mate that the consumption of power In the Pachuca district
will grow during
the next five years to at least 25,000 h.p.
A large demand for power also
exists In the mining district of Zlmapan, and the
company is negotiating
with power consumers there with the object of
extending its transmission
lines to that district and furnishing the power
required there.
The only
other company furnishing power in the Pachuca Is
the Regia Company,
which supplies about 2,500 h.p. and Is under contract to take all
further
power required for Its business from the company.
Oross and Net Earnings (1911 and Last 4 Mos. of 1910
Estimated).
1907.
Gross
1908.
(Mexican)
(English)
1909.
1910.
1911.
.$398,739 $597,871 $673,041 $796,026 $1,285,000
£40,709 £61,032
£68,706
£81,260
£131,177
Net (Mexican)
.$293,758 $486,450 $495,762 $577,408
$840,000
(English
£29,987
£49,658
£50,609
£58,943
£85,750
It Is agreed with the Mexican Light & Power Co. that the rental for
power
will only become payable to that company after the sum
required for the
half-yearly service of these bonds has been paid over to the company’s
“
M
The amount available for bond Interest for 1911 should
bankers.
therefore
be about £120,000.
The amount required for interest on the bonds now
offered Is £40,000.
The Mexican Light & Power Co. owns the entire
capital stock, $4,000,000
Mexican currency, which It has acquired at the price of 95%.
An endorse¬
ment of the guaranty will be made on each bond.
The proceeds of these bonds will be used for the
purpose of retiring the
present outstanding bonds, amounting to $3,750,000 Mex.
(£382,800),
for payment of the floating debt (about £127,000) Incurred for
extensions
and for further extensions.
The remaining £400,000 of unissued bonds can
only be sold for the purpose of further extensions.
The net earnings of the Mexican Light & Power Co. for the
first eight
months of the present year amount to $1,354,362
(gold) and It Is estimated
that for the full year they will amount to $2,281,580
(gold)
The fixed
charges and Interest on the bonds and obligations outstanding chargeable
to operating expenses will amount to about
$1,200,000 (gold), leaving
about $1,081,000 (gold) available for the guaranties on these
bonds and on
the $6,000,000 5% bonds of the Mexican Electric
Light Co., which rank
pari passu as to guaranty.
The estimated net earnings for the year 1911
will amount to $2,965,000 (gold), or an increase of
$683,000 (gold) over the
present year.
This Is not taking Into account any revenue from the shares
of the Pachuca company.
Peoples Gas & irutel Co. of Cedar Rapids, Iowa.—Incor¬
porated.—This company was incorporated in Delaware on or
about Sept. 26 with $300,000 of authorized
capital stock.
Incorporators: Charles G. Lindsay, W. D. Reese, James Axtell, Harry W.
Davis, Thomas D. Miller. The control of the Cedar Rapids Gas
Light
Co. was acquired In June last by the United
Light & Rys. Co. (V. 91, p. 96.)
(The) People's Gas Light Co., Manchester, N. H.—New
report of a recent addition to the capi¬
tal stock, we are informed that the last increase in share
capi¬
tal was made in June
Stock.—Touching the
1909, when the issue was raised from
$300,000 to $500,000, for permanent improvements and
additions.
No bonds.
Has
Output 187,132,000
68
cu.
miles
of mains and supplies
ft. yearly.
Price $1 10 flat.
some
9,347 meters.
Pres., A.M. Heard.
Price Brothers & Co., Ltd., Quebec.—Bonds
The Royal Securities Corporation,
Offered.—
Ltd., Montreal, Toronto,
Quebec and Halifax, and for their account the Farwell Trust
Co., Chicago, will receive subscriptions from Nov. 14 to 17,
at 86% unstamped (Parr’s
Bank, Ltd., London, at 87%
stamped), for £1,000,000 5% 1st M. bonds, forming part of
an authorized issue
(closed mortgage) of £1,232,876.14.3.,
being the sterling equivalent at $4 86 2-3 of $6,000,000,
dated Nov. 1 1910 and due Nov. 1
1940, but callable as a
whole at 10234 and accrued int. on Nov. 1 1915 or
on any
interest date thereafter, on three months’
notice;
or in part
for sinking fund purposes only
on any May first after i915,
at 102 and int.
Int. M. & N. in London in
sterling, and
in Montreal, Toronto,
Quebec and New York at $4 86 2-3
to the £1.
Par £200, £100 and
£20; $1,000, $500 and
$100 c*. Trustee, Montreal Trust Co.
Abstract of Letter from President William
Price, Quebec, Nov. 1 1910.
The business has been in existence for a
century " Incorp. Nov. 28 1904
and has since been brought under the
Quebec Cos.’ Act), for the manu¬
facture and sale of spruce and other
lumber, ground wood pulp,
pulp and paper.
Capital stock $5,000,000, of which more thansulphitehalf Is
owned by members of the Price
family.
The company in itself, together with its
ownership of all the assets or
all the Issued capital stock of the
Prlce-Porrltt Pulp & Paper Co (the
latter free from liabilities) and of all the bonds
and the total Issued
capital
stock of the Jonqulere
Pulp Co., owns and controls:
Assets $13,528,375, on Basis o/ Valuation as
of
About 3,793.000 acres of leasehold [annual license July 19 1910
rental to
Prov of Quebec $5 per sq.
mile—Ed.] and 128,000 acres or
arpents of freehold timber andpulpwood lands
lying near the
St. Lawrence and Saguenay rivers In the
Province of Quebec
and containing about
3,149,500,000 ft. of timber and over
20,665,000 cords of pulpwood.
$8 085 87
Nine sawmills at Batlscan,
Montmagny, Cap St Ignace, Trols '
Saumons, Rlmouskl. Matane, Salmon Lake, St.
Marguerite
and Grand Bay [combined
capacity about 100,000,000 ft.
per day.—Ed.]
Three shingle mills at Rlmouskl, Matane
and Salmon Lake
[combined
_
capacity 600,000 shingles per dav].
Prlce-Porrltt pulp mills at Rlmouskl,
capacity 7,500 tons of
pulp per annum.
Sundry real estate, wharves, water powers and other
properties
at Chicoutimi,
L’Anse, St. Jean, Metis, St. Catharines Bay,
Petit Saguenay, &c
Jonqulere Pulp Co.: About 215,000
_
leasehold timber
#42 50
limits;
sawmill, chemical pulp mill, ground-wood pulp
mill and card¬
board and paper mill [annual
capacity
8,000
tons
of
ground
wood pulp, 2,600 tons of
sulphite pulp, together producing
6,000 tons of cardboard and 4,000 tons
of paper], three waterpowers, two of which are developed to
produce 3,700 h.p. (the
third of 14,000 h.p. will be
developed In connection with the
new pulp and paper
mills); electric power plant
supplying light
and power to the town of
Jonqulere and the
houses, buildings, piers, booms and all other Janquiere mills;
accessories
1,000,00
To the above will be added the
net liquid assets In excess of
current liabilities (less the amount
required to redeem the out¬
standing bonds), which will be used for the
purchase of all the
bonds of the Jonqulere Pulp Co.
amounting to $190,000, for
the construction of new
pulp and paper mills, of a new sawmill
and for working
capital, say not less than
3,600,0(1
acres
|VOIi.
LXXXXI
The company will at once proceed
with the construction of the
pulp and paper mills, cement and steel construction (withaforesaid:
a dally
capacity of 150 tons of newspaper), together with a concrete
dam and
hydraulic development of 14,000 h. p. under a head of 280
ft., which will
be more than sufficient
for the operation of the mills.
The company is the largest manufacturer of
spruce lumber In Canada
Almost the entire output has been sold In the
European, United States and
South American markets.
The average sales during the last five
years
have been about 72,000,000
ft. of timber, 66,000,000 shingles and 240,009
ties per
new
annum
Earnings Jor Years ending Nov. 30, AJter Charging all
Manujacturing, Selling
and General
Expenses, including Maintenance and Depreciation, but
Bejore Charging Interest.
„
Price Brothers
The Jonqulere
& Co., Ltd___
Pulp Co
Prlce-Porrltt Pulp & Paper Co
-
•_
1909.
1908.
$276,284
1907.
$224,083
45,993
13,453
$391,142
88,167
34,316
65,824
17.894
Total
$398,767 $283,529
$474,860'
It Is estimated that the
earnings for the fiscal year of 1910 will amount to
$400,000 and that the new
mills,
Including a new sawmill, when completed,
will produce an additional
profit
to about $500,000.
Theseestlmated earnings of $900,000 are amounting
three times the Interest charges on the
total issue of bonds.
Directors.—William Price (President), Henry E. Price (Sec.
Treas.),.
Gustavus G. Stuart and Geo. H.
Thompson, Quebec; Wm. S. Hofstra,
New York; Ion Hamilton Benn
and Edward G. Price, London; H. S. Holt,
James Redmond, Montreal; Granger Farwell, Chicago.—V. 90, p.
854; V. 81, p. 158.
_
Pullman
Co.—Company to Agree to Reduced Rates if Again
Ordered by Commission.—Vice-President and
General Counsel.
John S. Runnells is
quoted as
saying;
If the commission in the case
now pending reaffirms its
principle of a
differential In rates for upper as
compared with lower berths, it is the senti¬
ment of the board that
reductions should be made voluntarily
throughout
i he country without
waiting for any further complaints or orders from theCommission.
The amount of the reduction and the
time it goes into effect,
therefore, depends on the Commission.
The case will
at its convenience and I have
no doubt the matter will
be set for hearing
be settled amicably.
expressed at the meeting of the directors, but no action
was taken.
We do not feel, however, that a
reduction In the price of'
lower berths is Justifiable.
Compare V. 91, p. 157.—V 91, p. 1158 280.
This sentiment
was
Randolph-Macon Coal
Co.—Decision.—Judge Hand, in
the United States Circuit Court
in this city on Nov. 10, dis¬
missed the complaint in the action
brought by the Slater
Trust Co. of Providence, R. I.,
in behalf of itself and other
holders of the outstanding issue of
$1,800,000 1st mtge. 5%
bonds, to
recover damages from James T.
Gardiner, Wm. A.
Read and John R. Hegeman, who
promoted the enterprise
for alleged misrepresentations in
regard thereto. Compare
V. 86, p. 1474.
The Court
says:
When they created a corporation to make
promises, the defendants did
It to avoid making themselves liable
personally, and every one who dealt
with the corporation knew it
perfectly well. Of course, that did not release
them from the consequences of their
torts, if they committed any, but It
did relieve them from any
voluntary engagement. To hold them liable
on the covenants would be to create
an obligation which they did not mean
to assume and which the bondholders did
not expect to get.
In the case
at bar none of the defendants received
anything from the complainants
which they now wrongfully retain, nor is there
any transaction between
them to unravel.
It was the company which got the
money and used it,
and if the defendants are liable it is because
they committed some wrong
when they uttered the statement.
There is no theory, therefore, on which
the complaint can succeed.—V.
89,
476.
p.
Republic Rubber Co., Youngstown, O.—New Officers.—
Thomas L. Robinson (head of the trust
department of the
Dollar Savings & Trust Co. of
Columbus, O.) has been elected
Chairman of the board.
J. F. McGuire has been made Presi¬
dent (also General Manager),
succeeding the late Warren
Arms.—V. 80, p. 1738.
St. Louis Car Co.—Mr. Beggs
Accepts Presidency.—John I.
Beggs on Nov. 8 announced that he had consented to become
President, as he had faith in the efficiency of the reorganiza¬
tion
plan just put out.—V. 91, p. 1264.
Joaquin (Cal.) Light & Power Corporation.—New
Bonds—Status.—N. W. Halsey & Co., New York, &c., have
offered at 101 and int. the new “first and
refunding mortgage”.
6% gold sinking fund bonds, Series A, dated Aug. 1 1910
and due Aug. 1 1950, but callable at
10234 on any int- date.
Int. F. & A.
Par $1,000 (e&r*).
Trust Co. of America,
New York, trustee.
A circular says:
San
Organized under the laws of California In July 1910 and acquired all the
properties, long in successful operation, of the San Joaquin Light & Power
Co., the Power, Transit & Light Co. of Bakersfield and Its subsidiaries,
and the Merced Falls Gas & Electric Co.
Bonded Debt Now Outstanding (Including this
Issue)—Aggregating $5,494,000.
Series A bonds (this Issue), to be Issued Immediately for lmpr’ts..
1,500,000
To be Issued within one year to retire entire debt of Power Transit
& Light Co. of Bakersfield, It having been
agreed to exchange
or call said debt within that time
$1,026,000
Underlying bonds (San Joaquin Lt. & Pow. Co.; V. 88, p. 105;
V. 85, p. 288), to retire which “first & refund, bds." are res’ved
2,968,000
The $1,500,000 Series A bonds are Issued for the
purpose of completing
a massive dam at the outlet of the Crane
Valley, on tne San Joaquin River,
Increasing the storage capacity of its reservoir to 51,000 acre ft., or twelve
times Its former capacity, completing the enlargement of the San
Joaquin
water-power plant (capacity 21,000 h. p.), erecting a new steam
generating
plant at Bakersfield (capacity 2,680 h. p.), building a high-voltage trans¬
mission line from the San Joaquin water-power
plant to Bakersfield, thereby
physically connecting all the properties, and making other Improvements
which should very largely Increase the
earnings.
These bonds will be secured by a direct lien
upon the entire property
formerly owned by the San Joaquin Light & Power Co. (subject only to its
present bonded debt of $2,968,000); by a first lien upon all the property
for¬
merly owned by the Merced Falls Gas & Electric Co., and the new hightension line physically connecting the properties; and also by
a direct lien
at once and within one year by an absolute first lien
upon the entire property
of the Power Transit & Light Co. of Bakersfield.
In other words, within
one year these bonds will be secured by
an absolute first lien on properties
with net earnings, after deducting expenses and taxes,
amounting to $186,825 for the year 1909, or nearly 40% of the total net
earnings of the con¬
solidated properties as shown below.
Property.—The corporation will operate four water power and two steam
electric generating plants with a capacity of 31,700 h.
p.
The greater part
of this current will be generated by water at three hydraulic stations
lo¬
cated on the San Joaquin River.
The Crane Valley reservoir referred to
above will provide ample water to operate the
hydraulic plants to their
full capacity during the entire season.
At the present time there are about
280 miles of high-tension transmission line In
operation, and the new highvoltage line connecting all the properties will add about 322 miles.
The
current Is transformed through 15 substations and distributed
through 308
miles of distributing line at the present time.
Gas is manufactured and
distributed In Bakersfield, Kern, Merced and Selma and a street
railway sys¬
tem Is operated in the City of Bakersfield.
^
The corporation’s operations extend Into the seven
principal counties- ''
the San Joaquin Valley—a territory about 195 miles In
length by 78 nittev
in width, Including the cities of Merced,
Madera, Fresno, Selma, Hanford.
THE CHRONICLE
Nov. 12 1910.1
Bakersfield and 20 other cities and towns, serving a population of about
145,000.
Practically all of this territory Is susceptible of producing a great
diversity of fruits, wines and the higher class of agricultural products.
In
addition to doing a general lighting and power business, the corporation Is
selling a large and rapidly Increasing amount of electrical power for pump¬
ing water for Irrigation and domestic use. and Is successfully developing the
use of electricity fqr pumping oil wells.
San
Joaquin Light & Power
Corporation Earnings—All Companies.
Cal.
As
officially reported—
Gross Income
Net earnings (after
7 Mos. to
Year
Est. for Cal.
1909.
July 31 1910.
$753,466
$536,751
taxes)
$489,562
All bond lnt., Including this Issue.. 251,295
$334,970
160,921
Year 1910.
$920,145
$574,234
275,864
Balance, surplus
$238,267
$174,049
$298,370
In August 1910 the generating equipment was Increased from 7,570 h. p.
to 18,200 h. p.
Without benefit from this large Increase, the net earnings
for the first seven months of 1910 were double all bond Interest charges,
Including this issue.
The completion of all the Improvements referred to
above and the Installation of 13,500 additional h. p. will be provided for
by the present bond Issue.—V. 91, p. 965, 280.
Shenango Iron & Steel Go., Wheatland, Mercer County,
21.—Charles C. Murray, trustee in bank¬
220
ruptcy,
4th Av., Pittsburgh, will offer the property for
sale on the premises at Wheatland Dec. 21.
Pa.—Sale Dec.
The sale is made under order of the U. S. District Court for the Western.
District of Penna.
Org. in 1905 with $200,000 (or $300,000) capital
stock by creditors of the Continental Iron Co., and acquired the Indepen¬
dent Rolling Mill of Cuyahoga Falls, which it moved to Wheatland, Pa.
Involved by the failure of the Fort Pitt Nat. Bank, the company was on
May 22 1908 placed In hands of C. C. Murray (receiver of the bank) as re¬
ceiver.
Silliker Car Co., Halifax.—See Nova Scotia Car Works,
Sloss-Sheffield Steel & Iron Co.—Omission of Dividend on
Common Stock.—The payment of regular quarterly dividends
on thes common stock (now $10,000,000), which, as equalized
by the extra payment of %% last November, had been at the
rate of 5% per annum since and including April 1906, was
broken on Nov. 9, when the directors voted to omit the divi¬
dend which would ordinarily have been paid in December.
This action was prompted partly by the depression in the
iron and steel trade and in part by the losses, aggregating
some $800,000, due to floods.
An official statement says:
Under ordinary conditions, either financial or otherwise, this company
would, notwithstanding Its policy of providing for all of Its improvements
to Its property without the Issuance of additional securities, have made
ample net earnings to pay dividends on all of Its stock at the current rates
and have available a substantial surplus.
By reason of the flooding of the two slopes of one of the company’s most
Important mines, the entire output of ore from this mine, for a period of
8 or 9 months, was unavailable for use.
The ore from this mine contains
sufficient lime to flux Itself and also 16 2-3% non-llme-bearing ore, and the
lack of this ore necessitated the shutting down of two of the company’s
furnaces and Increased the cost of Iron produced about $1 50 a ton.
At
great expense the water has been pumped out, and the mine Is now In con¬
dition to be operated; but this unfortunate accident and the enormous loss,
direct and Indirect, occasioned thereby, coupled with the existing depression
In the Iron market (owing to which the company has accumulated 70,000
tons of Iron In Its yards), make It seem to the board Imprudent to declare
this quarterly Installment of dividend on the common stock.—V.91,p.280.
Standard Motor Construction Co., Jersey City.—First
Dividend.—This company, which manufactures high-grade
1333
a*-*ong time before
V. 91, p. 965.
Submarine
from the
the company is In a position to resume dividends.]—
Signal Co., Boston.—Status.—The following
“Boston News Bureau” is confirmed:
The company may now be said to be fairly on Its feet and should for a
second successive year show something earned on Its $1,679,750 stock
There Is no debt and the company Is slowly adding to Its working capital,
which on Dec. 31 1909 amounted to approximately $175,000.
There are already 130 sending stations In operation In 16 different coun¬
tries, the United States leading with 48; Great Britain, Including Canada,
has 33; Germany, 15; Spain and Portugal, 1 each; Argentine, 1, and experi¬
mental stations are being placed In China and Japan.
There are 722 vessels equipped with the receiving apparatus, an increase
This follows an Increase during 190#
of 141 since Jan* 1, or about 33%.
of 54%.
Included In this total are about 160 naval vessels, pilot boats,
&c., for which the apparatus Is sold outright.
The majority of Installations are on the merchant marine, where the apparatus Is leased; on vessels
of 8,000 tons and over the annual rental Is $800, the minimum charge being
$75 for vessels of less than 250 tons.
The company Is still equipping the
ships of the Pittsburgh Steamship Co. (U. S. Steel Corporation) and to
date 40 boats are using the apparatus.—V. 86, p. 425.
Tennessee Copper Co.—New Bonds.—The shareholders
will vote Nov. 18 upon the creation and sale of an issue of
$1,500,000 6% gold bonds, to be secured by a mortgage upon
the company’s property, real, personal and mixed, now
owned or hereafter acquired.
Secretary Edward C. Westervelt, under date of New York City, Nov. 4 1910, says:
There are now
outstanding $350,000 1st M. 5% bonds secured by a
and $600,000 6% short-term notes, the
of the funds for the erection of the
The purpose of the present pro¬
posed Issue of $1,500,000 1st M. bonds Is to retire all of the outstanding
obligations mentioned above, and to provide additional funds for other
corporate purposes.
Compare V. 91, p. 272.
mortgage on all of the property,
latter having been Issued to provide part
second unit of the sulphuric acid plant.
Union
Oil Co.,
Los Angeles.—Earnings.—The circular
which was sent out with the August dividend, and which was
cited in our issue of Oct. 1 (V. 91, p. 877), further says:
The head of our accounting departments reports that the earnings to date
are In excess of those for the corresponding period of last year and will
probably exceed those of last year by about $500,000, exclusive of the
earnings of the Producers’ Transportation Co. and the Lakeview Oil Co.,
whose great gusher, It is estimated, has produced this year over 5,000,000
barrels of oil and Is still producing at the rate of 500,000 barrels of oil a
month.
With the favorable financial showing which we exepct to be able
to make, some of our directors are advocating an Increase of 20% in our
dividends. Increasing the monthly payments from 50 cts.—6% yearly—to
60c. a share, or 7.2% per annum.
The demand, however, for additional
market causes us to hesitate in fixing the date for beginning the payment
of such Increase.
Our company has such reserves of proved oil lands that it would seem they
could hardly be drilled within a generation, thereby giving reasonable
assurance of permanency of income.
Our geologist, W. W. Orcutt,
estimates that the company has a proved area of oil lands which Is nearly
three times the area of the Baku field of Russia, and to date only 6% of
this proved territory has been fully developed, and practically none of this
land has produced to exhaustion.
To date this 6% of developed territory
has yielded 34,000,000 barrels of oil and from this limited area the Union
Oil Co. of California Is still obtaining Its present production of crude oil.
[The August 1910 dividend was paid, it seems, on $29,017,200 of capital
stock.—Editor “Chronicle”.}-—V. 91, p. 877, 1265.
Union Switch &
Signal Co., Pittsburgh.—New Stock.—
The shareholders will vote Dec. 14 on increasing the capital
stock from $2,500,000 to $5,000,000, or to an amount not
The additional capital stock may be
payment of dividends, or for
subscription upon such terms as the directors shall deem
There are now $226,000 1st M. 6% bonds outstanding.
The company
proper.
Compare V. 91, p. 1040.
still owns property at Staten Island (In addition to Its Jersey City proper¬
ties) which It Intends to utilize In connection with the building of gasoline
United Shoe Machinery Corporation.—Decision.—Judge
engines.
Compare V. 88, p. 1376; V. 89, p. 1496.
Hardy in the Superior Court at Boston on Oct. 31 ordered
(F. B.) Steams Co., Motor Cars, Cleveland.—Dividends.— one Lachapelle, an employee of the company, to assign a
At the annual meeting Oct. 6 1910 a cash dividend of 25%
patent relating to a machine for pulling the upper over the
was declared, as against 12% paid the preceding year.
The last of the shoe.
following directors (and officers) were elected:
The defendant made a contract in 1906 under which he was to work for
marine engines, motors, &c., paid on Oct. 15 a first dividend
of 2% on its cap. stock, $1,800,000; par value of shares, $10.
exceeding $5,000,000.
issued from time to time in
*
F. B. Stearns, Pres.; R. F. York, V.-P.; E. McEwen, Sec. and Treas.;
F. M. Stearns, E. A. Merritt, A. W. Thomson and Philip Wick, the lastnamed succeeding his father, the late Myron C. Wick of Youngstown, O.
Steel Co. of Canada, Ltd.—Settling Day.—The London
Stock Exchange has appointed a settling day for fully-paid
scrip for £924,600 6% 1st M. and collateral trust bonds.
Stonega Coke & Coal Co.—Acquisition.—This company,
incorporated in Delaware on May 4 1910 with $7,000,000
of auth. capital stock, in shares of $100 each ($3,500,000
being 7% non-cum. pref., with preference also as to assets,
but callable at 135; amounts outstanding $3,000,000 com¬
mon and $3,356,100 pref.), acquired in May last (1) the coal,
coke plants, &c., of the Stonega Coke & Coal Co. of New
Jersey (incorp. in April 1902), outstanding capital stock
$552,000, and (2) the adjacent coal and coke plants of the
Keokee Consolidated Coke Co., operating in Lee and Wise
counties, Va., 700 coke ovens and coal mines, with annual
output of 750,000 tons of coal. (V. 89, p. 414, 47.)
The new company, we are Informed, hasapresent coal capacity of 2,500,000 tons annually, with a coke capacity exceeding 1,000,000 tons annually
and a leased coal acreage of 25,000 acres.
Pres., Daniel B. Wentz of Phila¬
delphia; Vice-Pres. John S. Wentz of Philadelphia; Andrew H. Reeder of
Big Stone Gap, Va.; Sec. and Treas., Harrie B. Price; Asst. Treas., Charles
R. Wentz, and Assistant Sec., William S. Wood, all of Philadelphia.
The
interests that controlled the old Stonega Company are In control of the new
corporation. Philadelphia office, 1727 Land Title Bldg.
Bonded Debt.—(1) Bond issue of Keokee Consolidated CokeCo.,$1,100,000 “first and refunding mtge.’’ 5%, due July 1 1959, of which $39,000 re¬
deemed through sinking fund and $1,061,000 outstanding.
A first lien
upon the Imboden property and Improvements thereon, and a second lien
on the Keokuk property (V. 89, p. 414).
(2) $1,400,000 purchase money
bonds of Keokee Consolidated Coke Co., due July 1 1959, all outstanding.
These bonds, prln. & lnt., are guaranteed by the Virginia Coal & Iron Co.,
the lessor of the coal lands operated by the Stonega Coke & Coal Co. of
Delaware.
They are a 1st M. on the Keokee property and Improvements
thereon and a 2d M. on the Imboden property.
Interest rates, July 1 1910
to July 1 1917, 3%; July 1 1911 to July 1 1912, 4%, and thereafter 5%.
(V. 89, p. 414).
$20 a week and assign to the company all patents relating to
inventions of shoe machinery.
Defendant claimed $50,000 for the patent
under an alleged oral arrangement that he was to receive a fair market
The
Court
value for inventions.
ruled that patents do not come within
the provisions of the Sherman Anti-Trust Act.
An appeal will be taken
on the question as to whether this and similar arrangements with other
employees constitute a monopoly in restraint of trade.—V. 91, p. 965, 878.
ten years at
United States Gas & Electric Co.—See
Gas & Electric Co. in V. 91, p. 1174.
Wayne County
United States Steel Corporation.—Unfilled Orders Oct. 31.
—The company’s monthly report of orders given out on
Nov. 10 shows unfilled orders on the books Oct. 31 aggregating
2,871,949 tons, being
a
reduction of 286,157 tons for the
month of October.
The company
issued the following statement:
“The unfilled orders on hand on Oct. 31 1910 aggregated 2,871,949 tons.
This apparently Is the smallest amount ever shown on the books; but the
comparison is somewhat misleading because the basis has been changed to
show only orders received from companies outside of our own interests.
“On the old basis the showing would be 3,583,990 tons as of Oct. 31 1910.
The low figures heretofore shown were 3,027,000 as of Sept. 30 1904; but
on the present basis they would have shown 2,434,736 tons.”1
Oct.
Tonnage of Unfilled Orders (00,000 omitted).—All on New Basis.
1910
1909
1908 1904
Sept. Aug. July. June. Mch.
Dec. Sept. June. Mch. Sept. Sept.
3,1
3,5
3,9
4,2
5,4
5,9
4,7
4,0
[The present system of computing orders has been In
mately three years.—Ed.]
—V. 91, p. 1158, 1098.
2,8
Utah Copper
Company.—See
3,5
3,4
2,4
effect for approxi¬
1335.
page
Washington (D. 0.) Gas Light Co.—Mortgage.—The com¬
6 its new general mortgage,
& Trust Co. of Washington,
as trustee, securing an issue of $5,200,000 of 5% bonds of
$500 each, due Nov. 1 1960.
Compare V. 91, p. 1098.
Welsbach Incandescent Gas Light Co., Ltd., of Canada.—
Street’s Western Stable Gar Line, Chicago.—Status.—The Liquidation.—W. R. Granger, Secretary-Treasurer, an¬
“Chicago Inter Ocean” of Oct. 11 stated the results of the nounces that the 1,280 shares of Auer Incandescent Light
examination of the property by the trustees under the mort¬ Manufacturing Co. were sold to the only bidder for $7,040.
The total assets of the company available for distribution amount to
gage ($2,000,000 auth., $1,827,000 or more out), as follows:
In case of dissolution, the $775,000 cumulative
pref. stock (preferred only
todlvldends) and the $3,800,000 common stock would hare a cash value
of about $29 a share (par $100). after all of the bonds had been paid off at
par*'- [It is reported that while all of the cars are employed, It may be
as
pany filed for record on Nov.
made to the American Security
$14,000, or 14„cents per share, leaving a balance of about $200 to cover
costs and expenses.
:
Compare y,. 91,. p. 469,
'
Nlu_
For Other Investment
News
see page
1835.
1334
THE CHRONICLE
[Yol.
lxxxxi.
gkpnris and JJcxunmtts.
THE AMERICAN COTTON OIL COMPANY.
ANNUAL REPORT FOR THE FISCAL YEAR ENDED AUGUST 31 1910.
Executive Offices, 27 Beaver Street,
New York, November 1 1910.
To the Stockholders of the American Cotton Oil Company:
The Directors herewith submit their Report and State¬
ments of Account for the fiscal year ended Aug. 31 1910,
being the Twenty-first Annual Report of the Companj^.
Brought forward
Deduct:
Interest on Debenture Bonds
Semi-Annual Dividends on Preferred Stock:
Paid June 1 1910
3%
Payable Dec. 1 1910_,
3%
Semi-Annual Dividends on Common Stock:
Paid June 1 1910
2^%
Payable Dec. 1 1910
2hi%
$225,000 00
305,958 00
305,958 00
505,927 50
505,927 50
__
_
SHARE CAPITAL.
---$11,339,686 08
__
_
1,848,771 00
The amount of the
Capital Stock, issued and outstanding,
is unchanged, viz.: Common Stock,
$20,237,100: Preferred
Stock, $10,198,600.
Balance of General Px-ofit and Loss Account
Aug. 31 1910
(Invested as per Statement of
Capital, Liabilities and
Assets)
$9,490,915 08
DEBENTURE BONDS.
The total amount of Gold Debenture Bonds authorized and
PRICE, WATERHOUSE
These Bonds mature on Nov. 1
the rate of 4%% per annum, paya¬
1915 and bear interest at
ble
quarterly.
.
ALL PROPERTIES FREE FROM LIEN.
All the properties of the Organization are
from mortgage or other lien.
absolutely free
PROFIT AND LOSS.
The Profits for the year
amounted to
Deduct Debenture Bond interest
$2,209,255 03
225,000 00
Net Profits
$1,984,255 03
The losses from bad debts during the year amounted to
less than one-seventh of one per cent on the total volume of
sales.
PERMANENT INVESTMENT ACCOUNT.
There
has been
$879,829 55
Estate, one
ing Plants,
capacity of
expended during the year the sum of
for additions to the properties, including Real
Crushing Mill, Cotton Ginneries, Fertilizer Mix¬
Seed Houses and other Warehouses, increased
Mills, Refineries and Soap Plants.
From this has been deducted the amounts collected from
the Insurance Companies for property destroyed by
fire, and
from sales of real estate, old machinery,
buildings,, etc.; also
differences between book and insurance valuation of proper¬
ties, aggregating $311,437 07, leaving the net increase to Per¬
manent Investment Account $568,392 48.
REPAIRS AND MAINTENANCE OF PROPERTIES.
The properties have been maintained during the
past year
by the expenditure of $512,901 26, of which $502,002 04 has
Operating Expenses for the same period, and
$10 ,899 22 has been charged against the Reserve Fund for
Replacements.
been charged to
WORKING CAPITAL.
The Net
Working Capital of the Company on Aug. 31 1910
$7,232,663 64, of which $608,805 62 was Cash in Banks
and $6,623,858 02 was Bills and Accounts
Receivable, Mar¬
ketable Products, Raw Materials and
Supplies, after de¬
ducting Current Liabilities.
was
CAPITAL, LIABILITIES AND ASSETS AUGUST 31
Capital—
Common Stock
$20,237,100 00
Preferred Stock
10,198,600 00
Total Share Capital
Debenture Bonds
1910.,
*
1910
_
.
_
:
505,927 50
2,473,969 91
Total
$37,909,669 91
Assets:
Real Estate, Buildings, Machinery, &c., based on the val¬
uation Aug. 31 1892, with subsequent additions
$14,099,081 63
Cash In Banks
$608,805 62
Bills and Accounts Receivable and ad¬
vances for Merchandise
5,249,369 78
Marketable Products, Raw Materials and
Supplies on hand available In the business 3,848,458 15
___
T
Quick Assets.
Balance, representing
good-will, contracts, leases, trade¬
marks, patents, processes, brands and kindred assets of an
established business--.;
Total
9,706,633 55
$23,805,715 18
14,103.954 73
$37,909,669 91
GENERAL PROFIT AND LOSS OF ALL PROPERTIES
AUG. 31 1910.
C/T
Balance of General Profit and Loss Account
Aug. 31 1909,
as per Twentieth Annual
Report
$9,255,233 77
Difference between book and appraised values of
properties
dismantle/! or destroyed by fire__.
124,802 72
Profits of the Manufacturing and Commercial business of this $9,130,431 05
Company and of the Corporations In which It Is Interested
for the year ended Aug. 31 1910, after
charging off all exJ.pehses of Manufacturing and Operation, Repairs of Build¬
ups and Machinery, Bad and Doubtful
Debts, Expenses
of Administration, &c__
2,209,255 03
p,‘\ j. i
■
Jersey) and of the following
Subsidiary Companies, for the year ending Aug. 31 1910:
The N. K. Fairbank
Company,
The Union Oil
Company (New Jersey),
Alabama Cotton Oil Company,
Arkansas Cotton Oil Company,
Georgia Cotton Oil Company,
North Carolina Cotton Oil
Company,
South Carolina Cotton Oil
Company,
Capital Fertilizer & Manufacturing Company,
The Kanawha Insurance
Company of America,
Union Oil Company (Rhode
Island).
We have also audited the financial statements
signed by
officials of its remaining Subsidiary
Companies, and
we
find
the foregoing summaries of
Capital, Liabilities and Assets
and of General Profit and Loss Account are in accordance
with such books and statements.
During the year only actual additions and permanent im¬
provements have been charged to Permanent Investment
Account.
All expenditures for repairs and
maintenance,
amounting to $512*901 26, have been charged to Expense
Account or against fiinds created out of
earnings, but no pro¬
vision has been made for
depreciation, the Executive Offi¬
cers of the company
considering that the
during the
year
and in previous
vision unnecessary.
The inventories of stocks
years
expenditures made
render any such pro¬
on hand, as certified
by the re¬
sponsible officials, have been carefully and accurately valued
at prices not in excess of either cost or
market; full provision
has been made for bad and doubtful Accounts and Notes
Receivable, and we have verified the cash and securities by
actual inspection or by certificates from the
depositaries.
We Certify that in our opinion the foregoing statements
show the true financial position of the American Cotton Oil
Company (of New Jersey) and its Subsidiary Companies at
Aug. 31 1910, and the results of the operations thereof for
the fiscal year ending at that date.
PRICE, WATERHOUSE & COMPANY,
$35,435,700 00
Current Liabilities—
Bills Payable
None
Commercial accounts and Reserves for Con¬
tingencies
$1,643,334 41
Interest accrued upon Debenture Bonds,
one month to Aug. 31
18,750 00
Preferred
Stock Semi-Annual Dividend
No. 38, payable Dec. 1 1910
305,958 00
Common Stock Dividend, payable Dec. 1
_
CO.
New York, November 1 1910.
To the Board of Directors
of the American Cotton Oil Company:
We have audited the books and accounts of the
American
Cotton Oil Company (of New
$30,435,700 00
5,000.000 00
_
&
Chartered Accountants.
54 William Street.
outstanding is $5,000,000.
$11,339,686 08
Chartered Accountants.
The Board of Directors, at the regular monthly
meetings in
May and November, declared the usual semi-annual divi¬
dends of 3% upon the Preferred Stock, payable respectively
on June 1 and December 1
1910, being the thirty-seventh
and thirty-eighth consecutive dividends upon this stock.
Semi-annual dividends of 2^% upon the Common Stock,
payable June 1 and Dec. 1 1910, were declared, being the
thirteenth consecutive year of payment upon this stock.
The Cotton Crop for the season 1909-1910 was the smallest
of the last six years, being 3,000,000 bales less than the
pre¬
ceding year,
The high cost of Cotton Seed and the large reduction in the
quantity worked reduced the profits of the Crushing Mills.
There was, however, an active demand for all of the Com¬
pany’s products at profitable prices, and although the pro¬
fits for the year were less than those of last year, they were
satisfactory.
The scarcity of Oils and Greases, which has existed for a
year, has caused large advances in values; and the year under
review shows the highest range of prices for Cotton Oil,
Lard, Oleo Stearine and Tallow in the last ten years.
The high price of Refined Cotton Seed Oil and increased
duties imposed by certain foreign countries contribute do
reduce the exports for the year, but the domestic require¬
ments for Cottolene, Lard Compound, Margarine and other
food products, ultimately absorbed the entire production,
leaving the smallest surplus stock of recent years to be car¬
ried forward.
vfi ' •
.y‘> a'
i'•
There is an interesting movement in progress by the
tional Goverment for the improvement of farming methods
so that every acre tilled may show increased
yields.
Its work is being supplemented by the governments of
;
many
of the Southern States,
with "particular referencAto
\j
Not. 12
yield of cotton. Various industrial associations are in¬
teresting themselves in distributing literature on this sub¬
ject among the Cotton Planters, and much good will result
from this important educational movement.
The business of crushing Cotton Seed and refining Oil is
highly competitive, and your Company, while having an im¬
portant interest therein, does not by any means control.
Its strength and pre-eminence lie in the superiority of its
products, the ownership of valuable brands and trade-marks
and in a large and comprehensive business of international
importance.
The policy of full insurance on all properties and stocks is
continued.
All losses have been satisfactorily adjusted and
promptly collected.
The Board of Directors reports with profound sorrow the
death of Mr. James B. McMahon, which occurred on Feb. 28
1910.
At the time of his death Mr. McMahon was VicePresident and Director of the American Cotton Oil Company
and Vice-President and Director of the N. K. Fairbank Com¬
pany.
The Board recognizes the value and importance of
his services to this Organization and records its high appre¬
ciation of his character and work.
Much credit for the result of the year’s business is attributa¬
ble to an effective organization and the loyalty, ability and
zeal of the official staff and employees.
For the Board of Directors,
GEORGE A.
MORRISON, Chairman.
Copper Co.—Earnings.—For quarter end.. Sept. 30:
1910.
*
Net from operation
Rents, &c., received
Nevada Consolidated
Total net
Dividends
' ;
.
: f
;
1335
THE CHRONICLE
1910.]
the
Utah
;
.
dividend
profits,
received
1909.
$946,026
$715,588
12,211
371,730
6,095
$1,329,967
$721,683
1,168,882
375,000
$161,085
$346,683
production for the quarter ending Sept. 30 1910 was 23,194,921
lbs., against 25,124,052 lbs. for the 3 mos. ending June 30 1910.
The aver¬
age cost per pound of net copper produced, after deduction of smelter al¬
lowances, was 8.25 cents, against 7.53 cents for the 3 mos. end. June 30
1910.
Average price of copper, 12 # cents for the quarter ending Sept. 30
and June 30 1910, against 13.33 cents for the quarter ending March 31 1910.
Pres. D.C. .Tackling says: “During July all three of the concentrating plants
were in operation.
At the end of July the Copperton plant was closed down
permanently, and therefore for Aug. and Sept, this report covers the opera¬
tions of the Magna and Arthur plants only.
The directors decided that
the output of the property could be more profitably handled in the larger
mills near Garfield, and that, therefore. It would be best to dismantle the
Copperton plant and use the machinery in It tor the enlargement and im¬
provement of the Arthur plant.”—V. 91, p. 522, 407.
Surplus
The total
—The “Banking Law Journal” of this city has just issued
its annual year-book, the present number being devoted to
the “Clearing-House Systems of the World.”
The volume
is undoubtedly the most complete work of its kind ever
published on this most important subject and ought to prove
valuable to the banker. The systems used by the larger
clearing houses in this country, namely New York, Boston,
Philadelphia, St. Louis, Chicago, San Francisco and New
Orleans, are treated in a most comprehensive manner, and
there are shown the various forms employed in the transac¬
tion of business, cuts of the interior and exterior of the
buildings, &c. The foreign houses are likewise referred to in
detail, and a very, complete explanation is given of the
numerous original
forms and blanks used in each case.
Copies may be had from the publishers, 27 Thames Street,
very
New York.
Price, SI.
—Chas. H. Jones &
Co., 20 Broad St., New York, are
offering the 5% certificates of the receiver of the Pittsburgh
Shawmut & Northern RR., due Sept. 1 1915, at a price to
yield the investor 5%% income. These certificates are
tax free in Pennsylvania.
The receiver, Frank Sullivan
Smith, states that the values of the properties in the hands
of the receiver aggregate over $25,000,000, of which more
than $3,000,000 is first-class.equipment.
The large amount
of equipment on which these certificates are a prior lien
brings them practically within the class of equipment issues.
The total authorized issue of receiver’s certificates is $3,100,000, and he states that the company earned net for the year
1909-10 $397,171, or over 234 times the interest on the
The OPommerciai Times.
COMMERCIAL EPITOME.
Friday Night, Nov. 11 1910.
apparent in trade. Yet
big crops and good prices are regarded as holding out the
promise of better times to come and the result of the elections
seems to promise some ultimate relief from the present burden
of the high cost of living.
LARD on the spot has been weaker.
Trade has been quiet
and offerings have increased.
Prime Western 11.90c.,
Middle Western 11.80c. and City steam 1134c.
Refined lard
has been quiet with Continent weaker and other grades
steady. Refined Continent 12.50c., South America 13.25c.
and Brazil in kegs 14.25c.
The market here for lard futures
has been extremely dull.
At the West the speculation has
been active with prices irregular.
The large yield of corn as re¬
vealed in the Government report of the 9th inst. has created
a bearish feeling among many on the market for hog products.
PORK on the spot has ruled steady with trade quiet.
Mess $20@$20 50, clear $21 50@$22 50 and family $25.
Beef has been firm with trade quiet and offerings light.
Mess $15 50@$16, packet $17@$17 50, family $19 50@$20
and extra India mess $30 50.
Cut meats have been quiet
and generally steady with supplies light.
Pickled hams,
regular, 13@1334c> pickled bellies, clear, 16@19c. and
pickled ribs 16@17c. Tallow has been in moderate demand
and firmer; City Sc.
Stearines quiet and ' steady; oleb
10K@.llKc. and lard 13c. Butter fairly active with
good grades scarce and prices firm; creamery extras 32c.
Cheese quiet and firmer; State, whole milk, colored, large or
small, Sept, fancy 1534c. Eggs quiet and stronger; Wes¬
The note of conservatism is still
tern firsts
29@32c.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW YORK.
Sat.
Mon.
Tues.
Wed.
Thnrs.
Fri.
November delivery
11.70
11.75
11.80
11.70
11.63
January delivery
10.77
__10.70
Holi10.75
May delivery
day.
10.25
10.30
_10.22
DAILY CLOSING PRICES OF LARD FUTURES
Mon.
Sat.
November delivery
January delivery
May delivery
11.32# 11.42#
10.30
10.40
9.82#
9.92#
Wed.
Tues.
Hollday.
10.75
10.65
10.20
10.15
IN CHICAGO.
Fri.
Thurs.
11.47# 11.47# 11-35
10.46
10.40
10.32#
9.90
9.85
9.85
City, raw, American
seed, 97@98c.; boiled 98@99c.; Calcutta, raw, $1 03. Cot¬
tonseed has been quiet and irregular; winter 7.85@8.25c.
and summer white 7.40@8c.
Lard has been firm, with
trade quiet and supplies small or moderate.
Prime $1 05@
$1 15; No. 1 extra 65@70c.
Cocoanut has been quiet but
strong on small supplies; Cochin 10%c,; Ceylon 9%c. Olive
has been in fair demand and steady at 90@95c.
Corn has
been active and firmer at 7@7.05c.
Cod:has been ih good
demand and firm; domestic 42@44c.; Newfoundland 45@47c.
COFFEE has been firmer and more active.
Rio No. 7y
ll}4@n%c.; Santos No. 4, 1134@ 12c. ,v West India growths
have been fairly active and firmer; fair to good Ciicuta 12%@
12ysC. The speculation in future contracts has been active
and prices have advanced.
Stimulating factors have been a
rise in the European markets, unfavorable advices from
Brazil regarding the new crop prospects and reports that
holders of old-crop coffee in. the primary markets are not in¬
clined to sell freely.
Local and foreign shorts have cov¬
ered freely here and commission houses have purchased.
Spot interests have also bought. Closing prices as follows:
OIL.—Linseed
has
been
firm.
November _9.15c. I February __9.36c May
December _9.25c. March
9.44c. June
January _59 31c. | April
9.46c. July
9.59C; August: __^9.50c
9.51c. September 9.50c__9.52c. October _.9.40c
_
SUGAR.—Raw has been firmer with a somewhat larger,
trade.
Centrifugal, 96-degrees test, 3.86c.pmuscovado, .89-
degrees test, 3.36c., and molasses, 89-degrees test, 3.11c.
Refined has been steady.
New business has been quiet,
but there have been fair-sized withdrawals on old contracts.
Granulated
4.60c.
Teas
in
moderate
demand
and
gen¬
erally firm. Spices steady with a fair demand from grinders.
PETROLEUM.—Refined has been steady 'with further
improvement in trade, especially for domestic account.
Refined, barrels 7.40c., bulk 3.90c. and cases 8.90c. Gaso¬
line has been moderately active and firm; 86 degrees in 100total issue of certificates.
gallon drums 18?4cd drums $8 50 extra. Naphtha has been
—In less than two days after they were awarded the’ steady with a fair demand; 73@76 degrees in 100-gallon
$750,000 Allegheny County 4s, J. S. & W. S. Kuhn Inc. drums 16^c.; drums $8 50 extra.. Spirits of turpentine
Rosin quiet and easier at $6 20.
marketed the entire three-quarter-million-dollar issue, ac¬ quiet and steady at 80c.
TOBACCO.—The market for domestic leaf has been rather
cording to an announcement made by the company from
more active of late and the opinion is expressed in some
its main office in Pittsburgh.
Another interesting feature
in connection with the announcement is the fact that the quarters that a further expansion in trade in the near future
would not be surprising, as manufacturers in many cases
bonds were sold on a 3.95% basis.
report
the demand for cigars good. There has been increased
—The Guarantee Trust & Banking Co. of Atlanta, Ga.,
of old-crop Wisconsin, owing to the poor quality of
buying
has recently opened a branch office in the First National
the new leaf.
Farmers in various sections are said to be
Bank Bldg., Chicago, to offer in the Northern market its
asking higher prices. Sumatra and Havana have been, in
10-year 5% coupon trust bonds, which are obtainable by a moderate demand and firm.
monthly deposit of $8. per $1,000, and, if the plan of pur¬
COPPER has not changed materially.
The demand of
chase is persisted in,should yield an annual income of $25.
late has been rather quiet, but reports from some sources
Pearman Hinckley, State Manager, is in charge of the Chi¬
indicate that the consumption in the world has increased
cago Office.
' <:
'
n.’Jv
and there is a more cheerful feeling in some quarters regarding
—j^N. Curtis Fletcher
Co., 24 Milk St., Boston, haVe the future. Lake 12^bv,' electrolytic: 12.70@12%'C'P;&/hd :
brought out the Novemberff&&ue of their* pamphlet regarding casting 12 34 @ 12.60c l.:•, Lead has been quiet and’,stea$j^$t
“gh^, electric-light and ^water-power securities in New 4.40c. Spelter has been firm at 5.80@5,90c.;i ■ trade;Te«s
England.”
v’°M'vr■- active.
Tin has been quiet and easier; spot 36c.
IrpiLfl^s
been
Radiator manufacturers have made large
steady.
Meyer Jr. (& .Co., ^ }Yall St;, New York, have
issued a circular regarding'the Cites. & CVhio Ry. Co. and its purchases of late.
No. 1 Northern $15 75@$16; No. 2
Southern $15 25@$15 75.
Finished material less active.
434% convertible gold bonds.
„
k
Jy-jjugene
.
1336
THE CHRONICLE
COTTON.
On
Nov. 11 at—
indicated
by our
telegrams from the South to-night is given below. For the
week ending this evening, the total
receipts have reached
375,754 bales, against 381,530 bales last week and 390,831
bales the previous week,
making the total receipts since
Sept. 1 1910 3,276,566 bales, against 3,595,783 bales
for the same period of 1909, showing a
decrease since Sept. 1
1910 of 319,217 bales.
■
Receipts at—
Sat.
Mon.
Tues.
Wed.
as
Thurs.
Fri.
Ger¬
many.
Foreign
8,441
11,663
12,768
25,870
2,929
11,269
22,472
1,000
l“,913
5",578
Britain. France
New Orleans..
13,787
25,024
6,655
6,500
4,200
LXXXXI
Shipboard, Not Cleared for—
Great
Friday Night, November 11 1910.
THE MOVEMENT OF THE CROP
IVOL.
Other
Coast¬
wise.
Total.
266
Mobile
Norfolk
New York_.__
Other ports
5”, 500
14,000
2”,800
T000
19,000
2”, 166
1,100
2,000
46,531
88,429
11,884
8,500
11,966
25,455
11,400
36,100
Total 1910..
Total 1909..
Total 1908.
75,666
61,395
99,342
25,917
49,564
40,202
67,145
75,565
86,091
38,841
31,463
53,583
32,696 240,265
31,124 249,111
25,306 304,524
Galveston;
Savannah
Charleston
Total.
3,400
1,300
2,000
275
25,455
Leaving
Stock.
87,952
82,450
132,320
33,232
34,346
9,735
107,806
39,949
527,790
701,475
621,629
Speculation in cotton for future delivery has not been
active, but prices under the stimulus of moderate crop esti¬
14,249
9,727 16,680 12,267 17,226
mates at home and abroad, a
comparatively light crop move¬
1,959
1,885
1,524
917
2,253
ment and strong spot markets at the
1,000
4,400
South, have advanced.
945
193
597
The fluctuations, as
6,800
8,939 12,496 10,328
7,821
heretofore, have been rather erratic,
but, despite a rather sharp setback following the ginning re¬
2,201
3,595
2,656
2,802
4,172
Georgetown
10
10
port
of Wednesday, stating the quantity ginned up to Nov. 1
Wilmington
5,136
5,046
3,891
1,430
2,390
1,793 19,686
Norfolk
at
6,503
6,842
7,892
5,409
4,049
6,980 37,675
7,339,983 bales, against 7,017,849 for the same time last
N’port News, &c.
year, the trend of prices has been upward.
The quantity
Boston
"50
”ii3
”340
“"76
172
"751
ginned during the period from Oct. 18 to Nov. 1, 1,916,355
Baltimore
5,984
5,984
Philadelphia....
bales, was the largest on record, with the exception of the
same period in
Totals this week. 51,661 53,476 82,733 46,022 51,974 89,888 375,754
1906, when it reached 1,974,774 bales, and
the crop was, roughly, 13,550,000 bales.
Believers in better
The following shows the week's total receipts, the total
prices
consider
these
figures
deceptive,
however, pointing
since Sept. 1 1910, and the stocks to-night, compared with
to the fact that some times in small
last year:
crop years, or years of
only moderate yields, the ginning for a time exceeds that
1910.
which occurs in years of large
1909.
Stock.
crops.
They also claim that
Receipts to
the ginning this year is unusually
Noe. 11.
Since Sep
This
This
Since Sep
rapid,
as ginning facilities
1 1910.
week.
week.
1 1909.
1910.
1909.
at the South are increasing all the time.
On the other hand,
Galveston
106,471 1,334,968 136,991 1,191,760
170,879
263,288
Manchester is having a good trade, business on the Continent
Port Arthur
9,000
41,164
8,469
39,017
Texas City, fee..
is said to be brisk and the Neill estimate of
624
1,984
81,831
15,926
11,600,000 bales
New Orleans
81,879
349,014 67,133
454,973
134,483
170,631
seems to have made
Gulfport
877
7,981
foreign
723
spinners
somewhat nervous.
Mobile
9,093
89,517 12,777
115,255
46,312
41,058
On declines Southern holders withdraw from the
Pensacola
5,400
17,722
market,
7,502
55,415
Jacksonville, &c_
1,815
7,266
2,497
13,644
and there appears to be considerable cotton held back now
Savannah
58,546
671,354 61,118
907,462
144,204
232,142
Brunswick
that the South has sold a good deal of cotton at high
18,195
79,841
12,750
149,064
17,968
17,567
prices.
Charleston
19,265
145,571
7,554
147,405
41,732
43,563
Believers in lower prices think that the large
10
Georgetown
386
70
524
ginning figures
Wilmington
19,686
212,069 11,575
215,311
34,767
10,248
of Nov. 1 may be accepted as reasonably
Norfolktrustworthy evi¬
37,675
212,658 30,883
257,398
35,190
39,696
N’port News, &c_
1,325
943
dence of a crop of 12,500,000 to 13,000,000 bales.
3,052
They
New York
1,295
1,347
119,206
115,911
Boston
also point to the fact that the cotton goods business in this
751
792
2,493
932
1,958
1,992
Baltimore
5,984
28,092
4,698
17,739
19,166
9,286
country is by no means as satisfactory as could be desired.
Philadelphia
201
552
3,216
4,481
The sales at Fall River for a couple of weeks have shown
Total
375,754 3,2 76,56613 67,454 3,595,783
768,055
950,586
a sharp falling off.
The spinners’ takings, moreover, have
been running behind those of last year.
In order that comparison may be made with other
American spinners
years,
have bought considerable cotton this fall and are
we give below the totals at
supposed
leading ports for six seasons:
to be in a much more independent position than they were
at the beginning of the season.
The stock market has had a
Receipts at—
1910.
1909.
1908.
1907.
1906.
1905.
sharp
setback.
Spot
sales
at Liverpool have latterly fallen
Galveston
106.471
136,991
133,312
103,861
154,500
112,817
off.
The South has been selling the near months here
Pt. Arthur, &c.
pretty
10,984
9,093
4,342
5,252
10,070
12,340
New Orleans.
81,879
67,133
115,520
76,735
freely against the actual
106,632
cotton,
and
99,586
speculation
Mobile
9,093
12,777
14,056
17,260
15,331
12,128
has not been at all times sufficiently large to take care of
Savannah
58.546
61,118
63,315
67,422
59,239
74,592
Brunswick
these and other offerings.
18,195
12,750
19,050
10,983
Liverpool, the West and Wall
18,297
6,328
Charleston,&c
19,275
7,624
7,415
13,025
6,962
Street have from time to time been liberal sellers.
6,947
Estimates
Wilmington.
19,686
11,575
18,370
21,223
10,837
12,597
of the East India crop have been reduced, owing to reports
Norfolk
37,675
30,883
30,002
27,263
28,269
38,830
N’port N., &c
943
128
278
of damage by rain, and Manchester is said to be having a
1,348
1,482
All others
13,950
16,567
17,018
4,795
4,988
13.583
good Far Eastern trade. Advocates of higher prices lay
Total this wk_
375,754
367,454
stress on the fact that a year ago supplies of cotton in the
472,528
348,097
416,473
391,230
Since Sept. 1. 3,276,566 3,595,783 3,552,123 2,615,520
shape
of raw material and cotton goods, visible and invisible,
3,463,736 3,328,548
were large and back of the small crop which the trade then
The exports for the week ending this
evening reach a total faced was a big crop, whereas now they contend that stocks
of 184,344 bales, of which 92,969 were
of raw and manufactured cotton, visible and invisible, are
to Great Britain,
15,734 to France and 75,641 to the rest of the Continent. moderate, and that the trade has back of it the partial crop
Below are the exports for the week and since
failure of last year.
Speculation is not enthusiastic, how¬
Sept. 1 1910.
ever, as the price to some conservative interests looks high,
Week ending Nov. 11 1910.
From Sept. 1 1910 to Nov. 11 1910.
discounting anything at all bullish in the situation. To-day
Exported to—
Exported to—
Exports
prices advanced early on unexpectedly strong cables from
from—
Great
Conti¬
Great
Conti¬
Liverpool, bullish reports concerning the Indian crop, light
Britain. Fr’nce nent.
Total. Britain. France.
nent.
Total.
receipts and firm spot markets; but reacted later on selling
Galveston
28,605 8,552 24.674 61,831 463.744 150,016
by spot interests and by local room traders and liquidation.
353,106 966,866
Port Arthur
9,000
9,000
9,000
8,411
23,753
41,164
Texas City, Ac.
Spot cotton here has been quiet. Middling uplands closed
65,868
2,143
68,011
New Orleans.. 25,525
at 14.80c., an advance for the week of 15 points.
7,480 33,005 150,176 14,894
55,732
220,802
Mobile
7,802
6,105
The rates on and off middling, as established Sep. 14, 1910
5,949
19,856
Pensacola
5.400
5,400( 9,207 3,963 4,652 17,822 by the Revision Committee, at which grades other than
Savannah
9,901
9,650 19’551 i lii'ooo 39*871
139,644 285MU5
middling may be delivered on contract, are as follows:
Brunswick
18,048
Galveston
Port Arthur
Texas City, <Sec__
New Orleans
Mobile
Pensacola
Jacksonville, &c.
Savannah
Brunswick
Charleston
14,813
15,447
32,878
12,553
13,366
17,414 106,471
9,000
9,000
1,984
1,984
11,730 81,879
555
9,093
5,400
80
1,815
12,162 58,546
18,195 18,195
3,839 19,265
_
—
—
—
—
....
....
—
—
—
—
—
—
—
—
_.
_
_
_
_
_
—
—
_
....
....
.
-
.
-
-
-
-
-
....
....
Charleston
Wilmington
Norfolk
200
Newport News.
New York
Boston
Baltimore
9,500
9,500
7.182 15,225 22,407
6,000
69.288
200
200
_
....
....
Philadelphia..
Portland, Me..
5,428 16,404
•
-
-
•
1,160
2,144
....
i
I
I
1
I
1
....
-
-
-
....
laooma
Portland, Ore.
Pembina
UCvOUL
-
-
-
140
300
2”092
-
198
1,460
2,144
Total 1909
145,783 43,627
33,903
78,648
268,058
2,763
25,461
1.400
36,666
35,459
21,346
7,448
19,946
2,550
~
1,152
12*281
“12*231
8,544
1,757
8,544
1,757
400
400
....
2,092
1,152
•
....
....
—
....
—
....
....
....
-tap
'
ft Total
56
45,006
65,100
169,282
256
....
San Francisco.
i
26,958
49.200
92,812
....
10,976
58
9,900
7,182
92.969|l5.734
Good middling
Strict middling
c.1.50 on Middling ....
Basis
c
0.25 off
1.30 on Strict low. mid
0.60 off
1.10 on Low middling
1.05 off
0.66 on Strict good ord
1.75 off
0.44 on Good ordinary
0.22 on Strict g’d mid. tgd.0.35 on
Good mid. tinged_c
Even
Strict mid. tinged..0.15 off
Middling tinged...0.25 off
Strict low.Mld.ting.0.60 oil
Low mid. tinged
1.50 off
Middling stained...0.75 off
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
Nov. 5 to Nov. 11—
Middling uplands
Sat.
14.80
Mon.
14.95
Tues.
H.
Wed. Thurs.
i4.75
14.80
Fri.
14.80
NEW YORK QUOTATIONS FOR 32 YEARS.
884,609 2,288,541
The quotations on
Nov. 11 for each of the
965,742 461,4131!,022,9122.450,067
In addition to above exports, our
telegrams to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
.
Middling fair
Strict good mid
....
75,641 184,3441.117.413 286,519
132.15031,360 87,674 >251,184
Fair
Strict mid. lair
1908
.14.80
.14.85
9.30
.10.90
.10.10
.11.65
.10.25
.11.15
..
.
1902.O
1901
1900
1*99
1898.
1897
1896
1895
middling upland at New York
past 32
8.80
7.88
9.56
9,55
7.62
years
on
as follows:
5.62 18S«_C-__iL 0.12
have been
1894.C...
._
1893
8.25
1892
1892....... 9.00
1891
8.25
9.62
8.81 1890
5.94 1889,
-.10.25
8.1:2 1888
..10.00
8.75 1887
.10.44
..
._
__
__
.
1885
-v *.31
1884
,.,.10.06
1883
*...10.50
1882
.*1110.38
1881
._-U.62
1880
_..10.94
1879s.-----.-11.82
Nov. 12
a
>nd
FUTURES—The highest, lowest and
York
New
the past wee£ have been as
closing prices at
ftjlows;
M
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July— June—
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April— March- Feb.— Jan.— Dec.— Nov.—
Clos! Ran 1 Clos! Ram Closl $Rani Closl Rani Closl Ran;
Clos Ran — Clos Ran Clos Ran Clos Ran Clos Ran Clos Ran ay— Clos Ran F3
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AT THE INTERIOR TOWNS the movement—that is,
the receipts for the week and since Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the previous year—is set out
in detail below.
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to to
November 11—
bales.
.
Total Great Britain stock
Stock at Hamburg
Stock at Bremen
Stock at Havre.
Stock at Marseilles
Stock at Barcelona
Stock at Genoa
Stock at Trieste
-
Vo3
Total European stocks
India cotton afloat for Europe.
Amer. cotton afloat for Europe.
_
Egypt, Brazil. dkc.,aflt.for Europe
In Alexandria, Egypt
In Bombay, India
Stock
Stock
Stock
Stock
TJ. S.
In U. S. ports
In U. S. Interior towns
.
.
.
.
.
exports to-day
W©» Wi-^W ©>-*©©» Ml-* ©*M*J©©®© ©it*©
1
to -M
GO
1909.
1908.
1907.
455,000
10,000
31,000
573,000
23,000
41,000
538.000
812,000
6,000
197,000
316,000
2,000
8,000
35,000
1,000
496,000
18,000
165,000
114,000
4,000
12,000
16,000
6,000
637,000
16,000
108,000
91,000
3,000
10,000
18,000
28,000
335,000
274,000
802,000 1,377,000
851,000
61,000
40,000
43,000
820.616
831,360 1,015,970
114,000
78,000
57,000
187,000
159,000
166,000
153,000
124,000
112,000
768,055
950,586
926,153
608,000
631,918
742,711
29,123
61,815
28,096
911,000
43,000
786,310
74,000
150,000
297,000
780,093
446,710
77,040
are as
Total American
East Indian, Brazil,
674,000
348,000
42,000
24,000
540,000
285,000
831,360 1,015,970
950,586
926,153
631,918
742,711
61,815
28,096
245,000
820,616
768,055
608,000
29,123
®
85,000
82,000
3,000
4,000
19,000
61,000
7,000
7,000
Total East India, &c
Total American
Total visible supply
471,000
32,000
192,000
786,310
780,093
446,710
77,040
2
2,916,794
3,731,679 3,369.930 2,735,153
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil. &c., afloat
Stock In Alexandria, Egypt
Stock In Bombay, India
25,000
40,000
78,000
159,000
124,000
114,000
187,000
153.000
107,000
10,000
7,000
50,000
43,000
57,000
166,000
112,000
102,000
23,000
9,000
82,000
43,000
74,000
150,000
297,000
626,000
552,000
780,000
522,000
2,916,794 3,731,679 3,369,930 2,785,153
3,542,794 4,253,679 3,921,930 3,565,153
5.65d.
5.87d.
7.72d.
8.00d.
Middling Upland, Liverpool
Middling Upland, New York
14.80c.
Egypt, Good Brown, Liverpool..12 l-16d.
Peruvian, Rough Good. Liverpool
10.75d.
Broach, Fine, Liverpool
7 ll-16d.
Tinnevelly. Good, Liverpool
7Md.
9.25c.
10.70c.
SHd.
lOJ^d.
9.25d.
8.00d.
7 3-16d. 4 13-16d.
6Hd. 4 ll-16d.
12.00d.
ll-16d.
14.75c.
12 Hd.
Continental imports for the past week have
bales.
3fhe above figures for 1910 sho\^
an
increase
SHd.
been 196,000
over
last week
of ; 180,830 bales, and a loss of 710,885 bales from 1909, a
decrease of 379,136 bales frdm, 1908 and a loss of 22,359
bales from 1907.
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The above totals show that the interior stocks have in¬
creased during the week 65,071 bales and are to-night 23,918
bales less than at the same time last year.
The receipts
at all the towns have been 15,212 bales more than the same
week last year.
OVERLAND MOVEMENT FOR THE WEEK AND
SINCE SEPT*. 1.—We give below a statement showing the
overland movement for the week and since Sept. 1, as made
the last two
Via
Via
Via
Via
Via
Via
Via
-1909Since
Since
Week.
.25,318
.16,662
3,311
5,623
5,052
6,783
5,976
Sept. 1.
90,824
60,917
8,883
23,498
16,214
37,868
36,671
.68,725
6,735
1,062
1,466
—
St. Louis.
Cairo
Rock Island
Louisville
Cincinnati.
_
—
_
_
.
.
.
..
Virginia points
other routes, &c
_
_
Total gross overland
educt Shipments—
Overland to N. Y., Boston,
Between Interior towns
&c__
_
.
Inland. &c., from South
.
Total to be deducted
Week.
26,543
13,098
703
Sept. 1.
92,042
47,741
1,982
4,702
2,974
6,793
10,784
22,633
11,142
274,875
65,597
233,840
31,880
9,701
17,260
5,691
1,137
1,092
21,596
3,683
11,589
*
24,143
34,157
9,263
58,841
7,920
36,868
.59,462
216,034
57,677
196,972
.
Leaving total net overland*
*
years are as
-1910-
November 11—
Shipped
The results for
follows:
Friday night.
up from telegraphic reports
the week and since Sept. 1 in
follows:
&c.—
Liverpool stock
H* it* M
to
t-s©
©»l-‘©©l-‘l-‘©l-‘0
American—
Manchester stock
Continental stock
American afloat for Europe
U. S. port stocks
U. S. Interior stocks
U. S. exports to-day
COI-*
©MM®MtoaO®MM©«OM©MO®MM©©tO©©Ht:OibO®©
®©W®to©^lCi»©W©it*»W»©©iHit*MWt-‘*-»©i-‘»-*it*©i-*®Mil*©
©M®M®©H00M0©Mli<sM0®0itMMM0©©00©0UM0
765,000
7,000
49,000
429,000
17,000
©©M©-M©J--W-M©
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.3,542,794 4,253,679 3,921,930 3,565,153
bales.
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B Of the above, totals of American and other descriptions
Liverpool stock
toH>co©MOoi-ttootcn©
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514,000
3,000
21,000
5,000
129,000
95,000
2,000
6,000
27,000
27.000
.
**
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SUPPLY OF COTTON to-night, as
and telegraph, is as follows. Foreign
stocks, as well as the afloat, are this week's returns, and
consequently all foreign figures are brought down to Thurs¬
day 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.
Stock at Liverpool
-5C§
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THE VISIBLE
made up by cable
Stock at London
Stock at Manchester
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Including movement by rail to Canada.
The foregoing shows the week's net overland movement
has been 59,462 bales, against 57,677 bales for the week last
year, and that for the season to date the aggregate
land exhibits an increase over a year ago of 19,062
In
Since
Sept. 1.
Takings.
Week.
375,754 3,276,566
Receipts at ports to Nov. 11
Net overland to Nov. 11
216,034
59,462
South’n consumption to Nov. 11_ 49,000
406,000
484,216
65,071
Total marketed
Interior stocks In excess
Came Into sight during week
Total In sight Nov. 11__
549,287
3,898,600
557,222
4,455,822
taklngstoNov.il 112,336
640,524
Movement into sight in previous years:
North. spinners’
Week—
1908—Nov.
1907—Nov.
1906—Nov.
1905—Nov.
-1909-
-1910-
Sight and Spinners'
Bales.
14
15.
_.
648,797
...439,302
...571,692
.505,766
Since Sept. 1—
1908—NOV. 14
1907—Nov. 15.
1906—Nov. 16
1905—Nov. 17
net over¬
bales.
Since
Week.
Sept. 1.
367,454
3,595,783
57,677
52.000
196,972
546,000
477,131
66,234
4,338,755
548,755
543,365
119,817
4.887.510
580,262
Bates.
4.923.854
3.637,845
4,622,842
4,464,376
QUOTATIONS FOR MIDDLING COTTON AT OTHER
MARKETS.—-Below are the closing quotations of middling
cotton at Southern and other principal cotton markets for
each
day of the week.
1338
Week
THE
Closing Quotations Jot Middling Cotton
ending
Nov. 11.
Sat’day.
Galveston
New Orleans
Mobile
Savannah
Charleston
14 X
14 X
14 X
14 X
14 X
14 9-16
14 X
15.05
14 7-16
14 X
14 X
14 9-16
14
Wilmington
Norfolk
Baltimore
Philadelphia
Augusta
Memphis
St. Louis
Houston
Little Rock
14
14
14
14
14
14
14
14
14
14
5-16
5-16
X
%
X
15.20
14
14
14
14
14
HOLIDAY.
14
14
15
14
14
14
14
9-16
X
X
9-16
X
X
X
7-16
X
X
7-16
X
7-16
X
X
9-16
14X
14
14
14
14
14
X
X
5-16
X
X
14X
14 X
14 X
15.05
14 X
14 X
14%
Orleans, Louisiana.—It has rained on two days during
week, the rainfall being ninety-six hundredths of an inch.
Average thermometer 62.
14
14
14
14
14
X
The
following statement we have also received by tele¬
graph, showing the height of rivers at the points named at
8 a. m. of the dates
given:
X
5-16
5-16
X
14X
14 X
14X
New Orleans
Above
Above
Above
.Below
Memphis
15.05
14 X
Nashville
14 9-16
14 X
14 X
14 <
Shreveport
Vicksburg
14X
14X
November 10.
Receipts
Monday, Tuesday, Wed’day, Thursd'y, Friday,
Nov. 7.
Nov. 8.
Nov. 9.
Nov. 10.
1910.
at—
@
—
....
14.36
—
14.39-.50
*
14.43
@
—
14.37
—
—
*
14.45
14.47
—
*
Bombay.
December—
Range
Closing
14.23-.43 14.46-.55
_
_
.i.
14.52-.51 14.56-.65
14.50-.51 14.59-.60
14.40-.59 14.4 Or JO 14.51-.70
14.44-.45 14.59-.60 14.54-.55
—
@
14.51
—
*
—
@
14.69
—
*
Range
Closing.
-
14.50-.71 14.73-.84
14.69-.70 14.78-.79
HOLIDAY.
—
(3)
14.75
:
Closing
—
*
—
@
—
—
14.85
Range
—
@
14.83
—•
*
—
®
14.93
—
—
*
•
@
14.82
14.78-,91 J4.93-.05
14.90-.91 14.98-.99
Tone—
Spot
Options
*
@
14.61
@
—
*
14.63
—
*
—
<S>
14.88
— •
*
—
@
14.80
Steady- Steady.
Firm.
Steady.
—
*
©
14 96 *
—
1909-..1908
—
*
@
14.90
2,000
—
1910
1909
1908
All others
1910
1909
1908
Conti¬
Japan
nent.
& China.
r,66o
73,000
1
,
1
Total.,
_
T
_
_
„
_
-
1,000
4,666
2,000
1,000
2,000
1,000
5,000
4,000
7,000
2,000
6,000
7,000
10,000
2,000
2,000
4,000
5,000
5,000
2,000
27,000
34,000
41,000
4,000
32,000
39,000
47,000
3,000
1,000
1,000
1,000
1,000
3,000
----
•
-
1,666
-
-
1,000
w
.—
-
-
-
-
1,000
2,000
1,000
2,000
6,000
6,000
12,000
.
1,000
35,000
65,000
4,000
5,000
6,000
i',666
3,000
—
3,000
Total all—
1910....
—
*
1909
1908
Steady.
Steady.
1,666
•
4,656
4,000
6,000
....
.
9,666
1,000
7,000
11,000
5,000
13,000
78,000
119,000
....
113,666
24,000
46,000
170.000
ALEXANDRIA RECEIPTS AND SHIPMENTS.
-
Nominal.
i
Alexandria, Egypt,
WEATHER REPORTS BY TELEGRAPH.—Advices to
1910.
1909.
1908.
370,000
1,560,109
.
Receipts (cantars)—
this
evening by telegraph from the South denote that the
quite satisfactory during the week, and the
picking of the crop has made excellent progress. Marketing
moreover, has proceeded upon a free scale.
Galveston, Texas.—We have had no rain the past week.
Average thermometer 71, highest 77, lowest 64.
Abilene, Texas.—We have had no rain during the week.1
The thermometer has averaged 50, the
highest being 56
This week
Since Sept. 1
2,655,738
380,000
1,948,247
Exports (bales)—
This
Since
Week. Sept. 1.
Week. Sept. 1.
weather has been
490,000
To Liverpool
To Manchester
To Continent
To America
10,500
10,750
19,250
5,250
_
Total exports
This
63,439
49,98
66,783
13,828
Since
7,750
9.250
18,500
2.250
47,335
32,851
62,642
9,737
This
Since
Week. Sept. 1.
3,500
25,170
14,162
54,542
7,336
12,000
1,000
45,750 194,039 37,750 152,565 16,500 101,210
Note.—A cantar is 99 lbs.
Egyptian bales weigh about 750 lbs.
MANCHESTER MARKET.—Our report received by cable
to-night from Manchester states that the market is firm for
both yarns and shirtings.
The demand for both India and
China is improving.
We give the prices for to-day below
and leave those for previous weeks of this and last
year for
comparison:
•
1910.
.
38 to 75.
Helena, Arkansas.—Picking is going on rapidly. There
on one day
during the week, the precipitation
being twenty-five hundredths of an inch. Thermometer
has ranged from 32 to 71, averaging 54.
Montgomery, Alabama.—We have had rain on two days
during the w^eek, the rainfall being sixty-six hundredths of an
inch. Average thermometer 52,
highest 72, lowest 34.
Selma, Alabama.—There has been rain on two days
during
the past week, the precipitation
reaching nine hundredths
of an inch.
The thermometer has
averaged 47.5, the highest
being 70 and the lowest 32.
Madison, Florida.—We have had rain on one day during
the week, to the extent of
fifty hundredths of an inch. The
thermometer has averaged 56, ranging from 39 to 70.
Savannah, Georgia.—Rain has fallen on one day during
the week, the rainfall
reaching fifty hundredths of an inch.
The thermometer has ranged from 36 to
73, averaging 54.
Memphis, Tennessee.—Fine weather for gathering the
crop; marketing liberal.
Rain has fallen on one day during
the week, to the extent of
eighty hundredths of an inch.
The thermometer has ranged from 33 to
72, averaging 52.
Mobile, Alabama.—Favorable weather in the interior.
Cotton picking and marketing
making good progress. It
has rained on one day of the week, the
precipitation being
one
inch1 and seventeen
12,000
61,000
101,000
.
•
Vicksburg, Mississippi.—We have had rain on two days
during the week, to the extent of thirteen hundredths of an
inch.
The thermometer has averaged
56, ranging from
Sept. 1.
23,000
36,000
....
1908....
Madras—
—
and the lowest 44.
!;
i
San Antonio, Texas.—It has been
dry all the past week.
The thermometer has averaged 61,
ranging from 56 to 66.
Taylor, Texas.—We have had no rain during the week.
The thermometer has ranged from 50 to
64, averaging 57.
j.
Palestine, Texas.—We have had no rain the past week.I
The thermometer has ranged from 50 to
62, averaging 56.
r
181,000
Great
Britain.
5,000
4.000
November 9.
us
68,000
Week.
Since September 1.
received.
2,000
1,000
2,000
2,000
1909
,
14.85-.97 14.92-.00 14.98-.il
14.87-.89 15.01-.02 14.94-.95
Firm.
Steady.
B’ly st’y. Steady.
.
—
Since
Sept. 1.
-
Not
Calcutta—
1910....
14.75-.92 14.82-.93 14.84-.04
14.78-.79 14.92-.93 14.86-.87
July—
Range
Closing
@
14.70
14.63-.84 .14.86-.91
14.82-.83 14.90-.9l
June—
Closing
—
f
1908.
Bombay—
14.60-.79 14.70-.81 14.71-.91
14.65-.66 14.80-.81 14.74-.75
April—
Range
Closing
May—
@
14.52
March—
—
received.
Great
Conti¬ Japan
Britain. nent. <iChina Total.
1910
—
Week.
For the Week.
Exports
from—
•
14.39-.48 14.40-.51 14.44-.60
14.35-.36 14.50-.51 14.44-.45
January—
Range
Closing
February—
Range
Closing..
14.49-.50
14.42-.43 14.49-.50
,
4.0
6.8
7.1
3.7
4.7
Since
Sept. 1.
Not
Nov. 11.
14.38
Nov. 12 1909
Feet.
1909.
Since
November—
Range
Closing
NOV. 11 1910.
Feet.
4.2
gauge.
3.8
gauge.
7.4
gauge.
4.7
gauge.
3.9
gauge.
INDIA COTTON MOVEMENT FROM ALL PORTS.-
Week.
Nov. 5.
Range
zero of
zero of
zero of
zero of
zero of
Above
’
Sat’day,
LXXXXI.
the
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:
**?**"
VOJL
New
on
Monday, Tuesday, Wed’day, Thursd'y, Friday,
14X
14 X
14 x
14X
CHRONICLE
32s Cop
Twist.
has been rain
1909.
8X lbs. Shirtings, common
to finest.
d.
d.
s.
d.
d.
s.
Cot’n
Mid.
d.
8x lbs. Shirtings, common
to finest.
32s Con
Twist.
Upl’s
d.
d.
d.
s.
s.
Sept
23
30
Oct
7
14
109-16® 115-16 5
10 X
11
28
10X
Nov
4
11
@10 7X
@10 7X
7.82 9X
7.61 924
11H 5
7
@10 9
5
5
nx 5
7
@10 9
6 J4@10 8
7.88,9 H
8.25110
7.95 10X
7.76 iox
@115-16 5
10X
@
111-16®
@
21
6
6
11*4
nx
®
7H@11 0
@
@
@
@
@
@
10 X 5
iox 5
iox
iox
iox
nx
2
3
5
5
5
5
@9
@9
3K@0
d.
7X
9
9
9
Cot’n
Mid.
Upl’s
d.
7.31
7.29
414(3)9 9
6
@9 11
7.27
7.41
7.37
7.71
6
6
7.59
7.72
4
@9
c
1013)6 @
101Bie @
nx 5
nx 5
6
7
@10 7X
@10 9
7.81 10 X
8.00 iox
@
Cri)
nx 5
nx 5
@9 11
@9 11
CENSUS BUREAU’S REPORT ON COTTON-GINNING.
—The Division of Manufactures in the Census Bureau com¬
pleted and issued on Nov. 9 its report on the amount of
cotton ginned up to Nov. 1 the present season, and we
give
it below, comparison being made with the returns for the
like period of the three preceding years:
■
1910.
United States
Alabama..-Arkansas
Florida
Counting Round
..7,339,983
747,162
323,674
-----r.
38,287
-.1,241,138
as
HalJ Bales
1909.
1908.
7,017,849
1907.
8,191,557
6,128,562
676,317
891,667
609,297
472,252
536,785
291,143
45,664
43,234
28,626
Georgia
1,384,913
1,387,641
1,202,485
Louisiana
154,756
188,112
287,785
280,144
Mississippi
576,373
572,131
893,148
634,605
North Carolina.
386.114
370,891
373,713
326,979
Oklahoma
584,850
412,631
217,629
hundredths.
373,568
The thermometer South Carolina
729,023
791,629
821,608
735,994
has ranged from 40 toi77, averaging 57.
Tennessee
129,781
'
\ ,
148,670
198,783
108,068
2,403,987
1,920,188
2,502,862
South Carolina-We have had rain on one day Texas
1,523,147
An other States
24,638
34,437
36,602
the week, the" tkfhfall
three hundredths of an ^Tke statistics of the report Include 8,187 round bales for 1910, 14,506
109,621
inch.
The thermometer has
66, the highest being yfQr 1909, 149,866 for 1908 and 125.785 for 1907.
Voitov
'"[The
number of Sea Island bales included are 40,516 for 1910, 551227for
and thAlowest 38.
*
r
v. «,yn ’1909, 45,479 for 1908 and 33,331 for 1907.
\ ‘ The distribution of the Sea Island cotton for 1910
North Carolina ^Weather fine for
by States Is: <'-Florida,
•Cotton.
15,191; Georgia* 22,507; South Carolina, 2,818.
It has rained bn one day the past week,
The statistics Inth&report
the rainfall tor 1910 are subject to slight corrections
when checked against thedbdivid¬
being only a trace.- The thermometer has averaged 49 j ual returns of.the glnuers betag transmltted by mail. - The corrected sta¬
tistics of ^the quantity of cottoh ginned this season to Oct 18 are
ranging from 33 to 69.
5,488^628
-
------
-
'
Charleston,
during
beihg
averaged
..
f0"1Charlotte,
picking of
.
bales.
► WORLD’S SUPPLY AND
3,301.964
.
Total takings to Nov.
Of which American
Of which other.
Embraces receipts
1,931,022
4,887,510
181,000
52.000
260,000
543,365
68,000
4,000
60,000
5,000
44,000
354,000
61,000
erop
3,542,794 4,253,679
4,253,679
437.454
376.454
61,000
3,102,853
Genoa
Trieste
PLANTATIONS—The follow*
Stock at Interior Towns.
1910.
1909. 1 1908.
1910.
109,861
164,701
223,5.2
291,714
390,627
471,775
542. >29
608,000
Sept. 23 242,558 278,584 286,480
30 391,418 378,898 338.816
••
Oct.
7 349.502 418.615 343.617
14 40 >,089 442.7831370.763
21 451,952
28 39 >,831 420.071,440,660
*•
450,899!419,621
“
M
Nov.
4 381,530 401.448 484.481
**
11 375,754 367.454,472,528
..
1909.
Actual export
Forwarded
Total stock—Estimated
Of which American
Total Imports of the week
Of which American
Amount afloat
Of which American
1910.
1908.
1909.
NEW YORK—To Liverpool—Nov. 4—Celtic, 8,104 upland, 170
Sea Island, 3 foreign..
To Hull—Nov. 4—Toronto. 899
To London—Nov. 4—Minneapolis. 1,800
To Bremen—Nov. 9—Kurfurst, 813
To Hamburg—Nov 4—Kalserln Augusta Victoria, 522
To Antwerp—Nov. 7—Lapland, 100
To Copenhagen—Nov. 9—United States, 900
To Genoa—Nov. 4—Prlnzess Irene, 1,693
Nov. 7—Lulslana. 100
To Naples—Nov. 4—Prlnzess Irene, 1,300
<3ALVESTON—To Liverpool—Nov. 4—Almerlan, 24,123
To Manchester—Nov. 9—Esperanza de Larrlnaga, 4,482
To Havre—Nov. 8—Bellerby, 8,552
.
To Bremen—Nov. 9—St. Michael, 10,501
To Hamburg—Nov. 8—Eger, 1,910
To Barcelona—Nov. 7—Stralhtay, 5,778
To Trieste—Nov. 7—Strathlay, 5,485
To Venice—Nov. 7—Strathlay, 1,000-.:
PORT ARTHUR—To Liverpool—Nov. 11—Alexandrian, 9,000..
NEW ORLEANS—To Liverpool—Nov. 9—Counsellor, 10,000; Ox¬
onian, 13,000.
To London—Nov; 10—Etonian, 2,525
27k
30
20
35
45
k
197,000
167,000
410,000
335,000
Oct. 28.
Nov. 4.
Nov. 11.
45,000
3,000
1,000
36,000
4,000
95,000
412,000
335,000
130,000
113,000
437,000
369,000
58,000
2,000
1,000
50,000
8,000
91,000
452,000
364,000
142,000
111,000
522,000
437,000
51,000
1,000
1,000
43,000
5,000
102,000
514,000
429,000
168,000
147,000
481,000
385,000
Tuesday.
Friday.
Wednesday Thursday.
Fair
business
Fair
business
7.81
7.88
7.96
8.94
7.92
8.00
7.000
12,000
1,000
8,000
8.606
8,000
8,000
500
590
500
500
\
Fair
demand.
Steady at
Quiet at
5@6 pts.
Futures.
Market
Good
demand.
500
Spec.&exp.
Quiet.
9 @10 pts.
advance.
decline.
opened
J
Market,
Steady at Feverish at
Quiet at
5k@6k
5k@6 pts. 15@17 k
decline.
pts. adv.
J
pts. dec.
4
P. M.
Easier.
doing.
doing.
Steady at
1@2 pts.
Steady at
2@3 pts.
Steady at
2@4 pts.
advanta.
advance.
advance.
1
Easy at
n@iik
pts. dee.
Steady at Barely st'y
4@4k pts. at 7@9k
advance.
pts. adv.
prices of futures at Liverpool for each day are given
Prices are on the basis of upland, good ordinary
clause, unless otherwise stated.
The
below.
The prices are
Nov. 11.
November
Nov.-Dec.
Dec.-Jan
Jan.-Feb
Feb.-Mch.
1,793
1,300
24,123
4,482
8,552
10,501
1,910
5,778
5,485
1,000
9,000
100
9,500
184,344
particulars of the foregoing shipments for the week,
arranged in our usual form, are as follows:
8,552 12,411
-Oth.Europe— Mex.,
South.
&c. Javan.
1,000
3,093
12,263
..
.
Norfolk
—*
8*250
9,5007,182. 15,225
—
.
:•
842
5,181
1,300
100
1,457
200
—
Baatopf. r._ a-ull ao r
58
Baltimore
1,160
Philadelphia iw;
144
Sa*»iFrancisco—
..
-J
3
.
*
-'
^
*<•
5,400
19,551
,-j
-
i.
80* 4
r
—-
j-
-
-
.4/
'iotjOO
“
33,005
—
.
“
i I*.*.—.■
4>>'! t.iW.4 -.■»•
140
;v;
.
-
—■ r
W.
:>tsr^'L"?ns,
TOttd __.----tl.869 15.714 4ft,473
94500
3M0
>-
i
if 1»■1 ■■
4.142 20««37
-
eovi i
:::;>«£$
.2.14
....
1,152
2,09
1.16?
—n
■*
2,092
.
k;u,
61,831
9,000
..
—.
■
...
Total.
16,404
....
-
140 3,244 lft4;344
Con¬
Con-
Closed.
Quiet, l*v pts. adv— Firm
Quiet, 15 pts. adv— Barely steady
—
5*380
—
Total.
T,66o
6,380
600
800
400
600
800
400
2,800
8.180
HOLIDAY
Quiet, 20 pts. dec— Barely steady
Steady
Quiet, 5 pts adv
Steady.
Quiet
— —
5,380
8,100
150
North.
Sales of Spot and Contract.
„
Total
The
1,335
.
Spot. sum'n. tract.
_
...
New York—.10,976
Galveston —.—28,605
Port Arthur.
J 9,000
New Orleans.. 25,525
Pensacola
5,400
Savannah
9,901
Futures
Market
__
2,900
4,300
1,100
9,901
...a
k
V.
Saturday
Monday
Tuesday
Wednesday
Thursday
Friday
2,525
1,457
.......
■
Closed.
.
...
Great French Ger¬
Britain,
ports. many.
76
71
70
k
71
72
k
H 74
k
k 74
k
k 74
k 73
k 64 k 70
75 k 81k 85
78
69 k 75
69 k 74 k 77 k
70 k 75 k 78
71k 76k 79
73
77 k 80 k
73
77 k 80 k
73 k 78 k 81
72 k 77 k 80
70
74 k 77
3 k
82
86 k 71
68
76 k 81
65
76
68
80 k 65
69
77
sik 66
70
78
82 k 67
80
68 k 71k
84
84
68 k 71k
80
69 k 72 k
80 k 85
79 k 84
68 k 71k
77
81
66
68 k
70
65
64
65
66
67
67
68
66
•
1,100
100
100
. —
61
55
54
55
55
56
56
57
56
53
4
4
4
4
12 k
4
12k
12k
12^
12k
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
Spot Market
23,000
850—
-
—
7
7
7
7
7
7
7
7
7
7
Fri.
Thurs.
Wed.
MARKET AND SALES AT NEW YORK.
7,182
15,225
200
—'
9—An¬
glian, 6
—
.'—
58
To Yarmouth—Nov. 3—Prince Arthur, 140
:
140
BALTIMORE—To Liverpool—Nov. 4—Ulstermore, 1,160
1,160
To Hamburg—Nov. 8—Bethania, 300
300
PHILADELPHIA—To Liverpool—Nov. 4—Haverford, 2.144
! 2,144
SAN FRANCISCO—To Japan—Nov. 8—Korea, 2,092
2,092
SEATTLE—To Japau—Nov. 5—Kamakura Maru, 1,152
1,152
-----
12k
p.m.
Mch.-Apr.
Apr.-May.
May-June
June-July
July- Auer.
900
CHARLESTON—To Bremen—Nov 10—Wathfteld, 9,500.
WILMINGTON—To Havre—Nov. 9—Vlzcalnc, 7,182
To Bremen—Nov. 8—Strathgarry, 15,225
NORFOLK—To Liverpool—Nov. 5—Austrlana, 200.—
BOSTON—To Liverpool—Nov. 5—Michigan, 52
Nov.
Total—
12k
p.m.
Thus: 7 61 means 7 61-100d.
Tues.
Mon.
to
842
2,281
To Hamburg—Nov. 10—Arkansas, 150
To Reval—Nov. 10—Allegheny, 250; Arkansas,
To Malmo—Nov. 5—Jumna, 100
To ITddevalle—Nov. 10—Allegheny, 100
To Oporto—Nov. 10—Allegheny* 100
given in pence and 100ths.
Sat.
Nov. 5
8,277
899
1,800
813
522
100
PENSACOLA—To Liverpool—Nov. 8—Vlvlna, 4,300
To Manchester—Nov. 7—Albanian. 1,100
SAVANNAH—To Liverpool—Nov. 5—Sachem, 9,901
To Bremen—Nov. 5—Jumna, 4,950
Nov. 10—Arkansas.
3,150-..
27k
30
20
35
45
Mid. Upl’ds
Sales
the
To Hamburg—Nov. 8—Atlantic, 1,457.
To Antwerp—Nov. 9—Milton, 842
To Oporto—Nov. 8—Martin Saenz, 2,281
To Barcelona—Nov. 8—Martin Saenz, 2,900
bslo
20
22
28
30
27
30
20
35
45
20
22
28
30
Quiet.
12:15
P. M.
Total bales.
>3
*5
20
1
}
J
Market,
exports of cotton from the United States the past week have
reached 184,344 bales.
The shipments in detail, as made
up from mail and telegraphic returns, are as follows:
Seattle^
25
o
SHIPPING NEWS.—As shown on a previous page,
Charleston.”
Wilmington, act
85,000
379,000
204,000
Monday.
Saturday.
Spot.
534,192 bales.
.
20
18
25
20
spot cotton have been as follows:
185,626 215,229 275,454 326,240 339.280
247,107 285,549 446,258 440,379 409.136
321,709)368,158 408,333 493,217 426,224
401,231 453,726 4 »* .2/1 522,305 456.333
474,240 550,556 551,865 523,908 516,451
530,365 625,915 471,979 476,196 516,019
565,685)681,047 4.52,n84 436,767 539.613
631,9181742,711 440,825 433,688 534,192
The above statement shows: 1.—That the total receipts
from the plantations since Sept. 1 1910 are 3,833,788 bales;
in 1909 were 4,144,538 bales; in 1908 were 4,179,639 bales.
2.—That although the receipts at the outports the past
week were 375,754 bales, the actual movement from planta¬
tions was 440.825 bales, the balance going to increase stocks
at interior towns.
Last year receipts from the plantations
for the week were 433,688 bales and for 1908 they were
1
Fri.
The tone of the Liverpool market for spots and futures
each day of the past week and the daily closing prices of
Receipts from Planta’ns.
j 1908.
30
27 X
30
20
35
45
48,000
2,000
Sales, American
movement each week from the
The figures do not include overland receipts
Week
22
28
Oct. 21.
Sales of the week
bales. 58,000
Of which speculators took..
3,000
Of which exporters took
1,000
West Indies, &c.
In Europe from Brazil, Smyrna,
Thurs.
20
18
Wed.
20
18
25
20
20
22
28
30
Tues.
20
18
25
20
20
LIVERPOOL.—By cable from Liverpool we have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
2,609,853
493,000
which finally reaches the market through the outports.
ending
—
Gothenburg
Barcelona, direct—
Japan
2.981.542
2.332.542
649,000
474.457
349.457
125,000
Receipts at Ports.
18
25
20
20
22
28
30
27 k
30
20
35
45
—
consumption; they are simply a statement of
the weekly movement from the plantations of that part of the
Southern
nor
Manchester
Hamburg
Antwerp
Ghent, via Antwerp
ing table indicates the actual
plantations.
20
Reval
3,542,794
11
Liverpool
Havre
Bremen
45,000
4,017,251
RECEIPTS FROM THE
-
!
7,356,532
—
a
.
6,524,336 4,691,133
—
Mon.
20
18
25
20
20
22
28
30
27 k
30
20
35
45
Sat.
4,010,768
4,455,822
114,000
Deduct—
11
follows, quotations being in cents per 100 lbs.:
Season.
Week.
1,495*514
549,287
*35,000
2,000
65,000
4,000
Bombay receipts to Nov. 10...
Other India shlp’ts to Nov. 10—
Alexandria receipts to Nov. 9__
Other supply to Nov. 9_a
Visible supply Nov.
1909.
Season.
Week.
Visible supply Nov. 4
Visible supply Sept. 1
American In sight to Nov. 11---
The exports to Japan since Sept. 1 have been 22,432 bales
from Pacific ports. '
V*"—/ v
Cotton freights at New York the past week have been as
TAKINGS OF COTTON.—
1910.
Cotton Takings.
Week and Season.
Total supply
1339
THE CHRONICLE
Nov. 12 1910.
—
—
----
BREADSTUFFS.
Friday, May 11 1910.
Prices for wheat flour have in some instances been reduced
of late, but the changes as a rule have not been marked.
Millers in some sections declare that prices have touched
bottom for the season, but consumers have shown no dispo¬
sition to anticipate requirements.
An upturn in wheat has
had no effect upon flour, as many regard it as merely a tem¬
porary
rise, due to technical speculative
situation have in many
conditions. Re¬
of the; country regarding the flour
cases been unfavorable.
Rye flour
ports from various parts
and corn meal have been quiet and steady.
Wheat has advanced, mainly because of what are
the technical conditions in the speculative market.
termed
That is
it had evidently become oversold through the wide
popularity of the short side as a logical result of big present
and prospective supplies throughout the world, which seem
to offer no other prospect than a steady decline in values.
Also, however, the rise has been due partly to some increase
vin the export demand, though it is mostly for Manitoba^) It
may be the enterings wedge, however, for a better state. iof
.'foreign trade. At Minneapolis there has been a good demand
for choice spring wheat, with No. 1 Northern selling atto
to say,
13 cents over the price!of the December delivery. , Stocks,.at
The *rop
;movement, too,
Kansas City
*
has been anything but heavy.;
Winnipeg haus reported
have beenxdecreasing.
.
*2*5
•
■ •;
i.
1340
THE
CHRONICLE
[VOL.
LXXXXI.
The Crop Reporting Board of the Bureau of Statistics of the
ajgood demand. Australia is said to need rain. Liverpool
United
States Department of Agriculture estimates, from the
reports of the cor¬
prices have latterly been somewhat better than were expec¬ respondents
and agents of the Bureau, as follows:
ted.
For the United States:
Damage is said to have been done in some parts of the
winter wheat belt by Hessian fly.
An insufficiency of rain
is complained of in some parts of the Southwest.
Production
Selling
Yield per Acre.
(000 omitted.)
for the short account has been less aggressive both at home
Quality...
Crops.
and abroad.
On the other hand, however, the rally after
1910. 1909. 10- Yr.
1910.
1909.
1910. 10- Yr.
the recent decline has been, after all, only moderate.
In
%
fact many consider that any advance at this time is merely a Corn, bush
27.4
25.5
25.8 3,121,381 2.772.376
87.2
84.4
Buchwheat,
bush.
20.9
18.5
20.9
17,034
17,438
92.0
90.7
temporary upturn in a market destined to reach, perhaps, a Potatoes, bush
93.4 106.8
91.4
328,787
88.5
376,537
87.7
considerably lower level before there is any permanent or Flaxseed, bush
4.9
9.4
9.5
15,050
84.8
25,856
91.1
795.4 804.3 811.6
substantial recovery. Argentina crop news has been favor¬ Tobacco, lbs
967,150
949,357
85.2
86.3
able and the shipments from that country are increasing.
of 1909 crop on farms Nov. 1 1910 is estimated
There are those who think that Argentina is likely to have at CORN.—Percentage
4.3% (119.056,000 bushels), against 3.0% (79,779,000
bushels) of the
an exportable surplus much
1908 crop on farms Nov. 1 1909 and
larger than that of the present of the
3.8%, the average of similar estimates
past ten years.
One suggestion is that it may not improbably reach
year.
WHEAT.—The average weight per measured bushel of this year’s
crop
58.5 pounds, against 57.9
140,000,000 bushels. The world’s available supply within
pounds In 1909 and 57.6 the ten-year average.
a week has shown a further increase of about
GATS.—The
average
weight
measured
bushel
per
of this year’s crop is
2,500,000 bush¬
pounds, against 32.7 pounds In 1909 and 31.1 the ten-year
els, putting the total at approximately 194,000,000 bushels, 32^
BARLEY.—The average weight per measured bushel of this average.
year’s crop
is 46.9
...
.....
„
55,000,000 bushels more than at this time last year.
Chicago’s stock of contract wheat, amounting to 5,647,000
bushels, is more than four times greater than that of a year
ago.
In public and private elevators it has a supply of
10,892,000 bushels, or more than double that held at this
time last year.
Despite the moderate movement, supplies at
Minneapolis and Duluth are increasing, whereas a year ago
they were decreasing, at least at Duluth. Crop accounts
from Europe and India are favorable.
Conservative ad¬
pounds.
or some
vices from
our
wheat belt
own
are
on
the whole cheerful.
To-day prices declined early on disappointing Liverpool ad¬
vices and larger Argentina shipments than
expected, but
rallied later on reports of an increased
milling demand and
covering of shorts.
DAILY CLOSING
PRICES OF WHEAT FUTURES IN NEW
Sat.
94 %
96 %
No. 2 red winter
December delivery in elevator
May delivery in elevator
DAILY
CLOSING
PRICES
May delivery in elevator
July delivery in elevator
corn
Tues.
96 %
OF
WHEAT
95 %
93 %
YORK.
Wed. Thurs.
94
95%
95%
Fri.
96 %
97 %
Holi- 95 %
97
day. 101 % 103% 103%
__102% 102%
Sat..
December delivery in elevator.... 89 %
Indian
Mon.
FUTURES
Mon.
89
95 %
93 %
IN
CHICAGO
Tues.
Wed. Thurs.
Holi-
88%
94 %
92%
day.
Fri.
90%
90%
96%
96 %
94 %
93%
futures in the local market have been
ex¬
tremely dull. At the West the speculation has been moderatly active with the trend of prices downward much of
the time, owing to the increasing
evidences of a very heavy
yield. The Government report on Wednesday, the 9th
inst., indicated the largest crop on record. It stated the
yield per acre at 27.4 bushels, against 25,4 last year. The
indicated crop is 3,121,381,000 bushels, against
2,772,376,000
last year.
Of the old crop farmers still held on Nov. 1
4.3%, or 119,056,000 bushels, against 3% last year, or 79,979,000 bushels. The cash demand has been light, the
movement of both old and new
crop is increasing and cash
interests have sold.
To-day prices declined on favorable
weather for curing the crop, larger country
offerings, bearish
pressure and liquidation.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
NEW YORK.
Sat.
Cash corn
December delivery In elevator
May delivery in elevator
Mon.
57%
55 %
56 %
Tues.
57%
55 %
56 %
Holi-
day.
Wed. Thurs. Fri.
56%
58
57%
55 %
55 %
55 %
56
56
56
DAILY CLOSING PRICES OF CORN FUTURES IN
CHICAGO.
Sat.
Mon. Tues.
Wed. Thurs. Fri.
December delivery in elevator
46%
46%
46%
46%
46%
May delivery In elevator
49
48% Holi- 48%
48%
48
July delivery in elevator
49% 49% day. 49% 49%
48%
Oats for future delivery in the Western
moved within narrow confines.
The
market have
speculation has been
The feeling among many,
quiet and rather featureless.
however, is bearish, owing to the large supplies in the interior
and the absence of a brisk cash demand.
Cash interests
have sold and there has been scattered
liquidation,
while the
chief demand has come from the shorts.
To-day
prices
declined slightly on weakness in corn,
hedge selling and
liquidation.
PRICES OF OATS
Sat.
Standards..
No. 2 white
37%
38
DAILY CLOSING
Sat.
are
Winter, low grades
Winter patents
Winter straights
Winter clears
Spring patents
Spring straights
Spring clearsWheat, per bushel—
N. Spring, Np. 1
N. Spring, No. 2
Red winter. No. 2__
Hard winter, No. 2.
Oats, per bushel, newStandards
No. 2 white
No. 3 white
Receipts
Flour.
at—
Wheat.
Com.
Tues.
37%
Hollday.
38
Wed. Thurs. Fri.
37%
37%
38
31 %
34 %
34 %
Tues.
Wed. Thurs. Fri.
Holl-
31%
34%
34%
day.
31%
34%
34%
31%
34%
34%
closing quotations:
FLOUR.
32 75 @33 40 Kansas straights, sack.$4
4 70 (
4 90 Kansas clears, sacks
4
4 15<_ 4 30 City patents.
6
3 75 @ 4 00 Rye flour
3
15
5
35
5
@
Graham flour
4
4 80 @ 5 00 Corn meal, kiln dried
2
4 25 @ 4 35
GRAIN.
Corn, per bushel—
15
—$1
No. 2 mixed
elev.
1 13%
No. 2 mixed
f.o.b.
96 %
No. 2 white
f.o.b.
1 02% Rye, per bushel—
Cents.
No. 2 Western
f.o.b.
38
State and Jersey
38% Barley—Malting..
37%
Feeding, cJ.f., N. Y._
Total wk. '10
Samewk. ’09
Samewk. ’08
377,229
519,098
536,818
Since Aug. 1
1910
1909
1908
5,362,847
9,160,911
5,893,297
3,097,567
2,521,061
1,688,546
5,297,969 106,136,753
7,083,998 120,099,854
6,993,168 113,966,513
49,692,618
43,225,205
Flour,
Receipts at—
New York
Boston
2,118.326
2,960,376
1.285.681
2,512,106
119,876
240,299
146,919
74,355,657 24,451,106
234,516
63,801,421 30,300.108 3,074.578
62,976,697 36,412,628 3,013,280
31,380,258
.
Philadelphia
.
Baltimore
Richmond
New Orleans *
Norfolk
Galveston
Montreal
Wheat,
bbls.
183,195
42,623
65,089
.
54,928
5,105
23,292
.
.
55.597
.
*
Oats,
bush.
Barley,
bush.
Rye
bush.
bush.
159,350
3,325
22,597
54,423
29,606
110,200
711,800
66,327
117,074
44,344
60,336
36,000
237,125
15,814
5,000
22,000
1,234,191
2,000
331,743
59,890
54,562
Total week 1910.
430,543 3,870,941
Since Jan. 11910. 15,560,315 63,746,245
Week 1909
488,387 4,655,381
Since Jan. 11909. 14,287,913 78,344,575
on
Com,
bush.
1,257,400
983,961
211,389
140,066
21,934
714
16,100
1,128
1,600
18,421
3,988
713,244
1,095,771 312,501
34,887,273 43,122,642 3068,265
677,778
984,060 426,594
34,962,354 37,226,661 5833,197
47,237
760,964
31,289
998,851
Receipts do not include grain passing through New Orleans for foreign ports
through bills of lading.
The exports from the several seaboard
ports for the week
ending Nov. 5 1910 are shown in the annexed statement:
Wheat,
New York
Boston..
Philadelphia
....
Baltimore
New Orleans
Galveston
Montreal
Norfolk
Com,
Flour,
bush.
bush.
Oats,
bbls.
Rye,
bush.
277,880
478,331
232,000
101,803
bush.
60,526
708
78,902
6,201
35,000
35,850
31,000
16,862
32,000
9,745
10,100
Exports from—
668,000
159,428
20,000
22“o',666
1,758,014
2,613,900
460,662
236,529
299,279
155,199
......
....
-Com-
Since
Week
..
Total....
1909...
404,334
52,341
61,967
7,345
18,831
for the week and since
Since
July 1
Nov. 5.
Exports for week and Nov. 5.
1910.
1910.
since July 1 to—
bush.
bbls.
bbls.
bush.
United Kingdom... 123,718 1,383,383 1,351,276 12,156,154
ConUnent—51.320
626,777
395,738 6.570.008
Sou. & Cent. Amer. 23,145
348,158
11,000
108,950
West Indies
34,309
Brit. Nor, Am. Cols.
3,654
Other Countries..
383
bush.
7,345
54,061
-Wheat-
July 1
Peas,
bush.
-
21,505
10,918
The destination of these exports
1 1910 is as below:
July
Barley,
1,660
•
Total week
Week 1909..
Week
Nov. 5.
bush.
July 1
220,000
214,570
1,000
24,384
2,105,969
2,329,540
1,379,844
493,709
5,708
11,889
708
7,000
236,529 2,876,960 1,758,014 18,842,112
299,279 3,416,707 2,613,900 33,055,346
460,662
155,199
1910.
bush.
6.326,659
3,082,358
The world’s shipments of wheat and corn for the week
ending Nov. 5 1910 and since July 1 1910 and 1909 are
shown in the following:
Wheat.
1910.
Exports.
Week
Nov. 5.
57%
Nominal
Nominal
Nominal
80 @85
1
Nomina
3,084,913
4,550.509
Total receipts of flour and grain at the seaboard
ports for
the week ended Nov. 5 1910 follow:
Cents.
81
Rye.
..
Total
50@$4 70
00@ 4 40
00@ 6 80
85@ 4 40
15@ 4 25
80@ 2 90
Barley.
.
Week
38
38
38%
FUTURES IN CHICAGO.
Mon.
Oats.
bbls.imbs. bush. 6016s. bush. 56 tbs. bush. 32 lbs.
bush.48lbs. bu.56 lbs.
Chicago
170,619
286,900
1,883,750
1,611,000
456,000
32,500
Milwaukee.
77,495
405,670
50,850
244,800
392,600
19,380
Duluth
29,745
914,270
20,081
509,696
3.846
Minneapolis.
2,058,550
161,500
274,040
516,430
39,960
Toledo
156,000
72,100
115,500
1,000
Detroit
3,187
54,541
141,184
48,494
Cleveland
1,723
15,961
231,263
31,898
St. Louis
55,260
542,255
167,570
406,300
107", 800
11,096
Peoria
39,200
30,000
191,750
188.400
135.800
12,100
Kansas City.
898,700
197,600
144.400
Since
AGRICULTURAL DEPARTMENT’S REPORT.—The
Agricultural Department’s report on the cereal and other
crops was issued Nov. 9, and is given below:
,
The statements of the movements of breadstuffs to
market
indicated below are prepared
by us from figures collected by
the New York Produce
Exchange. The receipts at Western
lake and river ports for the week
ending last Saturday and
since August 1 for each of the last three
years have been:
IN?NEW YORK.
Mon.
PRICES OF OATS
December delivery in elevator.... 31 %
May delivery in elevator
34 %
July delivery in elevator
34 %
following
of 1910 crop, 43,5% of a full crop,
against 42.5% of full crop In 1909 and 50.7 the
ten-year average percentage
of a full production.
Flour-
DAILY CLOSING
The
APPLES.—Average production
Bushels.
North Amer. 3,688,000
Russian
5,096,000
2,800,000
480,000
Argentine
Australian.
952,000
Indian
1,056,000
Oth. countr’s
120,000
Danublan
..
..
_
Total
Com.
1909.
1910.
1909.
Since
Since
Since
July 1.
Week
Nov. 5.
Since
July 1.
July 1.
July I.
Bushels.
Bushels.
Bushels.
Bushels.
Bushels.
37,995.000
88.736,000
48.336.000
18,848,000
12,824,000
19.744.000
3,558,000
52.454,000
309,000
83,912,000
128,000
9,408,000
680,000
12,648,000 2,270,000
4,004,000
J
6,539,000
2,879,000
45,615,000
27,357,000
3,001,000
5,808,000
7,104,000
46,915,000
J 22.592.000
14192000 230,041.000 185,018,000 3,387,000
82,390,000 62,828,000
ITT*
Not.
THE CHRONICLE
121910.)
The quantity of wheat and corn afloat for Europe on
V, V;!.'.'-..' *
•'
'
mentioned was as follows:
■
dates
■
,
■
demand in evidence for forward shipment.
Buyers have
continued to take staple ginghams steadily and producers
reported well situated in the matter of orders for several
ahead; advance orders on wide and narrow dress
inghams were again in evidence. Export trade with the Far
last has been practically at a standstill, and only a moderate
are
Com.
Wheat.
Untied
Untied
Kingdom,
Nov. 5’1910..
Oct. 29 1910-.
Nov. 8 1909-.
Oct. 30 1909..
116,040,000
The visible
granary
at
Continent.
Bushels.
| Bushels.
17,984,000
18,024,000
13,920,000
12,880,000
Nov., 7 1908.. 16,720,000
Nov. 9 1907..
Bushels.
pply
ipal
principal
.
Rye,
Balrey,
bush.
bush.
bush.
bush.
bush.
2,960,000
127,000
737,000
29,000
5,000
80,000
189,000
619.000
842,000
3,000
125,000
2,067,000
2,066,000
50,000
2,000
178,000
103,000
5,000
268,000
liOOO
1,546.000
44,000
260,000
177,000
53,000
6,114.000
.
.
Peoria.
.
.
58,000
196,000
220,000
25,000
255,000
938,000
17,000
25,000
40,000
482,000
82,000
112,000
964,000
466,000
371,000
138,000
6,078,000
593,000
846,000
3.262,000
388,000
258,000
1,742,000
124,000
m
m
x
„
4,000
16,000
14,000
4,000
72,000
175,000
8,000
81,000
1,175,000
464,000
8,000
465,000
149,000
'
422,000
2,976,000 16,557,000
3,510,000 17,023,000
2,423,000 13,808,000
CANADIAN GRAIN STOCKS.
Oats,
Com,
Wheat,
410,000
433,000
743,000
2,907,000
2,958,000
Rye,
Barley,
bush.
.40,366,000
.40,120,000
29,475,000
4,334,000
bush.
bush.
bush.
bush.
1,034,000
5,623,000
3,515,000
1,797,000
206,000
476,000
39,000
.11,969,000
.11,031,000
.12,098,000
206,000
119,000
42,000
476,000
483,000
291,000
39,000
30,000
119,000
.
.
Quietness has prevailed in the print-cloth market,
orts.
uyers showing little interest; prices are
38 3^-ineh standard gray goods now being
at
a shade easier,
quoted generally
5)£e.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Nov. 5 were 10,636
packages, valued at $781,240, their destination being to the
1910
Oats,
349,000
3.164,000
.10,915,000
2,303,000
4,506,000
9,000
570,000
1,068,000
517,000
business has been done with Manila and South American
GRAIN STOCKS.
.
Minneapolis
Bushels.
Com,
434,000
.
Bushels.
grain, comprising the stocks in
points of accumulation at lake and
afloat.
.
i
Total.
Bushels.
of
AMERICAN
Wheat.
New Orleans
Continent.
Kingdom.
Toted.
21.760,000 39.744,000 7,641,000 15,708,000 23,349,000
20,744,000 38,768,000 8,687,000 15,742,000 24,429.000
14,320,000 28,240,000 5,270.000 5,695,000 10,965,000
16,320,000 29.200,000 5,610,000 6.290,000 11,900,000
13,840,000 30,560,000 5,270,000 5.440.000 10,710,000
12,560,000 28,600,000 6,360,000 4,080,000 10,440,000
su
.
weeks
SUMMARY.
Barley,
Wheat,
Corn,
Oats,
Rye,
bush.
bush.
bush.
bush.
bush.
.40,366,000
.11,969,000
2,976,000
206,000
16,557,000
476.000
410,000
2,907,000
39,000
.52,335,000
.51,151,000
.41,573,000
.49,376,000
.43,750,000
3,182,000
3.629,000
2,465,000
1,274,000
3,650,000
17,033,000
17,506,000
14,099,000
10,135,000
7,727,000
410,000
433,000
743,000
1,113,000
1,259,000
2,946,000
2,988,000
2,453,000
6,669,000
5,969,000
Week.
New York to Nov. 5—
34
359
908
501
204
831
1,667
947
57,747
13,525
5,532
13,197
1,271
3,046
3,295
6,378
26,806
1,773
11,716
42,774
43,621
557
962
44
355
993
2,055
166,473
15,406
25,295
14,157
35,667
1,489
12,091
46.641
19,496
10,636
220,121
12,693
339,339
1,522
115
629
Total
Since
Jan. 1.
Week.
45
4
1,753
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other countries
1909
—
Since
Jan. 1.
The value of these New York
875
exports since Jan. 1 has been
$15,507,695 in 1910, against $18,513,724 in 1909.
WOOLEN GOODS.—The dress goods market, as a
whole, has been quiet. The manufacturing trade has taken
a fair amount of sample pieces of spring fabrics, and re-orders
are
expected as soon as requiremnets are more clearly
defined.
Worsteds, in stripes and checks, serges and plain
cheviots appear to lead in the demand.
Cutters have
about finished with fall suitings and are operating con¬
servatively on winter fabrics. Cloakings displayed fair
activity, but business in the aggregate is below expectations.
No particular feature developed in men’s wear; orders on
spring lines continue to come forward slowly, and consider¬
able duplicating must be done to make the season’s business
satisfactory to sellers.
FOREIGN
DRY
GOODS.—Imported woolens and
worsteds have been in moderate request only.
Silk piece
goods and ribbons showed continued firmness, as did also
linens; demand for dress linens for spring increased, and some
buyers have begun to operate for fall 1911. The market
for burlaps has ruled fairly active and strong, partly in
sympathy with Calcutta; light-weights are quoted at 3.85c.
to 4c. and 10J^-ounce at 4.80c.
.
THE DRY GOODS TRADE.
New York, Friday Night, Nov. 11 1910.
Nearly all lines of textiles have ruled quiet this week.
Trading was interrupted to a considerable extent by political
considerations and election results have so far failed to
stimulate activity, a disposition to go slow until the effect
upon business is more clearly defined prevailing in most
quarters. While it is perhaps too early to look for any
change in sentiment, political agitation and uncertainty
over the outcome have now been eliminated as market
factors, and for that reason, largely, leading interests con¬
fidently expect some improvement in business in the near
future. In the cotton goods division buyers have not been
numerous and those who operated confined purchases in
most instances to limited quantities for prompt and near-by
delivery. Sellers have pursued a waiting attitude and
great deal more business than is now in hand and are anxious
to secure additional orders; but are unwilling to accept
offers which, because of the high cost of production, would
profit and possibly a loss. Jobbers have not yet
given signs of entering the market for additional lines of
staples which they will probably need for the spring trade,
preferring, in common with others, to await developments.
Retailers have been a little more active, but only in the way
of rounding out stocks for immediate and near-by needs,
especially for their holiday trade. The expressmen’s strike
continued to interfere somewhat with the conduct of business
in local textile markets, but at the week-end indications
show
no
point to an adjustment of this trouble.
A noteworthy
feature of the week was the naming of prices by leading
producers on carpets and rugs for spring 1911 delivery;
many lines show no change from the list issued last spring;
there are a few advances, but where revisions have been
they are mostly downward; considerable business was
placed prior to the formal openings and additional orders
are expected to be secured by road salesmen.
Woolen and
worsted goods have not displayed much activity, although in
made
moderate improvement is noted.
In domestic cottons demand has continued irregular and
business moderate in volume. Brown and bleached sheet¬
ings have been in rather light request, principally for near-by
deliveries, with values steady. Staple prints have shown
relatively more activity than other lines, being taken quite
steadily, though not in heavy quantities, by jobbers. Coarse
colored cottons remain quiet, but fairly steady, with little
some
lines for
spring
a
Importations and Warehouse Withdrawals of Dry Goods.
The importations and warehouse withdrawals of dry goods
at this port for the week ending Nov. 5 1910 and since
Jan. 1 1910, and for the corresponding periodsof last year
follows:
are as
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1343
."■"H-
■'.‘W
■-
THE CHRONICLE
City DtfAHTMfWt,
is,*.***. I*.****
News Items.
(V’OI..‘tXXX5U
12,000 Main Street paving bonds.
Denomination $600.
Date Oct. 1
1910.
Maturity part yearly on Oct. 1.
v ' ' •
10,000 (city’s portion) street-Improvement bonds.
Denomination $500.
Date Oct. 1 1910.
Maturity $1,000 yearly on Oct. 1 from 1911 to
i
1920 inclusive.
*
-?
Interest semi-annually at the City Treasurer's office.
Certified check on
national bank for 2% of bonds bid for, payable to the
City Treasurer, is
required.
\
a
Chicago, III .—Annexation of Suburbs.—A vote was taken
election last Tuesday (Nov. 8) on the question
at the general
of annexation of the suburbs of Edison Park and Morgan
Park.
Returns show that the annexation of both places
Attleborough, Bristol County, Mass.—Bids.—The follow¬
ing bids were received on Nov. 3 for the $24,000 4% 19-30year (serial) water-works-construction bonds awarded on
that day to A. B. Leach & Co. of Boston (V.
91, p. 1275):
approved by the voters of Chicago; also that a favorable
was cast in Edison Park.
It is reported, however, that A. B. Leach &
Co
107.03
Estabrook & Co
105.89
the proposition was defeated in Morgan Park.
Hayden, Stone & Co
106.679 E. H. Rollins & Sons..
105.41
Blodget & Co.
106.666 Parkinson & Burr.
105.40
Detroit—Highland Park, Mich.—Annexation Defeated.— N. W. Harris & Co
106.469 R. L. Day & Co_.--._--___105.299
Local papers state that while a favorable vote was cast in Adams & Co
106.45
105.057
Perry, Coffin & Burr
Blake Bros. & Co
106.44
Detroit on the proposition to annex Highland Park, the vote
The above bidders are all of Boston.
The bonds are in denominations
of $1,000 each and are dated
in that village was sufficient to defeat the proposition.
July 1 1910. Interest semi-annual.
Baltimore, Md,.:—Bonds. Voted.—Dispatches state that the
Louisiana.—Constitutional
Amendments
Adopted.—Re¬
turns from the general election last Tuesday (Nov. 8) are
following loans, aggregating $7,500,000, were favorably voted
upon Nov, 8:-$1,000,000 for Jones Falls, $1;500,000 for
said to indicate the approval of all of the fifteen proposed
amendments to the State Constitution, mention of which schools, $2,000,000 for docks and $3,000,000 for funding
was
vote
•
was
made in last week’s "Chronicle.”
Oklahoma.—Constitutional
two
proposed amendments to
to prohibition and woman’s
Amendments
-
Defeated.—The
the State Constitution relating
purposes.
,
Battle Creek, Ida County, Iowa.—Bond Sale.—The
$2,000
bonds voted on Sept. 6 (V.
91, p. 817) have been sold.
Bladen, Webster County, Neb.—Bonds Not Sold.—No bids
were received on Oct. 31 for
$10,000 water-works and $4,000
electric-light 5% coupon bonds offered on that day.
suffrage (V. 91, p. 894) were
defeated, it issaid, a£ the general ^election‘Nov8V
r. Port Huron, St. Clair County, Mich.—Commission Plan
Denomination $500.
Date Sept.l 1910.
of Government Adopted.—Detroit papers state that an election i fiscal
Interest semi-annually at the
agency of Nebraska in New York City.
Maturity 20 years, subject
held Nov. 5 resulted in favor of a proposition to adopt
the; to call after 6 years.
commission plan of government.
Bonham, Fannin County, Tex.—Bond Sale.—Local papers
Portland, Ore.—Broadway Bridge Bonds Declared Valid, by state that the $10,000 5% 15-40-year (optional) school-build¬
State Supreme Court.—- A decision was rendered Oct. 31 by ing bonds mentioned in V. 91,
p. 895, have been purchased
the State Supreme Court in the case known as Frank Kiernan by the Fannin
County National Bank in Bonham.
vs.
the City of Portland, upholding the validity of the
Bradford, McKean County, Pa.—Bonds Voted.—The elec¬
$2,000,000 Broadway Bridge bonds voted June 7 1909. As tion held Nov. 8 resulted in a vote of 730 to 510 in favor of
stated in V. 91, p. 604, $250,000 of these bonds were awarded the
question of issuing bridge-improvement and paving
on
Aug. 29. Another block of $500,000 was sold last-; bonds.
Monday (Nov. 7), as reported on a subsequent page of this
Brown County Common School District No.
8, Tex.—
issue.
V
Bonds Registered.—On Nov. 3 $1,000 5%
5-20-year (optional)
Washington .-^Equal Suffrage Amendment Adopted.— bonds were registered by the State Comptroller.
Returns indicate the adoption on Nov. 8 of a
proposed
Calexico, Imperial County, Cal.—Bonds Voted.—It is re¬
amendment to the State Constitution granting the right of
ported that this place has voted to issue $35,000 sewersuffrage to women.
system bonds.
Bond Calls and Redemptions.
Danvers, Essex County, Mass.—Bond Call.—Interest will
Dec. 1 on 4% water bonds, dated June 9 1883, and
numbered from 212 to 220 inclusive, j Payment of the bonds
will be made at the First National Bank of Boston.
They are
in denominations of $1,000 each.
Denver, Colo.—Bond Call.—The following bonds are called
for payment Nov. 30:
cease
Storm Sewer Bonds.
North Denver Storm Sewer District No. 1 Bonds Nos. 163 to 178
inclusive.
Sanitary Sewer Bonds.
Sub-District No. 5 of the East Side Sanitary Sewer District No. 1, Bond
No. 17.
Harman Special Sanitary Sewer District No. 1, Bond No. 33.
Highlands Special Sanitary Sewer District No. 7, Bond No. 65.
South Capitol Hill Special Sanitary Sewer District. Bond No. 13.
South Side Special Sanitary Sewer District No. 5. Bonds Nos. 1 and 2.
V. i
Improvement Bonds.
Cherry Creek Improvement District No. 1, Bond No. 33.
East Side Improvement District No. 1, Bonds Nos. 26 to 31
inclusive.
North Side Improvement District No. 1, Bonds Nos. 66 to 70
inclusive.
North Side Improvement District No. 2. Bond No. 28.
North Side Improvement District No. 3, Bonds Nos. 66 to 85
inclusive.
Paving Bonds.
Alley Paving District No. 8, Bond No. 15.
Lincoln Street Paving District No. 1. Bond No. 24.
Surfacing Bonds.
Surfacing District No. 3, Bonds Nos. 61 and 62.
V
Bond Proposals and Negotiations this week
have been
.
5%
10-40-year (optional) road-Duilding bonds.
Calumet Township, Lake County, Ind.—Bond
Offering.—
Proposals will be received until 12 m. to-day (Nov. 12) by
William O. Johnson, Township Trustee (P. O.
Griffith), for
$10,000 5% school-house bonds.
Denomination $500.
•
as
'
follows:
•*•
’•
Allegheny County (P. O. Pittsburgh), Pa —Bid.—In
addition to the successful bid of 100.015 and accrued interest
submitted on Nov. 4 by J. S. & W. S. Kuhn, Inc., of Pitts¬
Interest semi-annually at the Gary State Bank in
on Jan. 10 from 1913 to 1922, inclusive.
Gary.
Maturity $1,000 yearly
Bonds are tax-exempt.
Carroll, Fairfield County, Ohio.—Bonds Defeated.—A pro¬
position to issue $5,000 water-works bonds was voted down
at the election held Nov. 8.
Casper, Natrona County, Wyo.—Bond Sale.—The three
issues of 5% 20-year coupon bonds
aggregating $90,000,
offered without success on Sept. 5 (Y. 91, p. 817), have
been sold at par.
Checotah, McIntosh County, Okla.—Bids Rejected—Bond
Offering.—All bids received on Nov. 1 for the $40,000 6%
sewer bonds offered on that
day (V. 91, p. 1196) were rejec¬
ted.
Proposals are again asked for these bonds and will be
received, this time up to and including Nov. 29, by Ben
Huddleston, City Clerk.
Denomination $1,000.
Park Bonds.
Montclair Park District Bonds Nos. 361 to 365 Inclusive.
Upon the request of the holders of any of the above bonds received ten
days before the expiration of this call, the Treasurer will arrange for their
payment at the Mercantile Trust Co., New York City, but not otherwise.
j .V •'
Caldwell County (P. O. Lockhart), Tex.—Bond Election.—
We are advised that on Dec. 19 an election will be held in
Precinct No. 1 to vote on a proposition to issue
$25,000
Maturity July 1 1935.
Date Oct. 15 1910.
Interest
Jan. and
Certified check for 5% of bid is required.
July.
Cheswick, Allegheny County, Pa.—Bonds Voted.—Accord¬
ing to reports, an election held Nov. 8 resulted in favor of the
question of issuing $13,500 improvement bonds.
Chicago, Ill.—Bonds Voted.—The election held Nov. 8
resulted in favor of the
proposition to issue the $3,500,000
4% gold city-hall-construction bonds. Dispatches give the
vote as 136,802 to 111,356.
As stated in V. 91, p. 1275, the
issue was sold on Oct. 25, subject to its approval at this
election.
burgh, for the $750,000 4% 30-year bridge bonds (V. 91,
p. 1274), an offer of 100.125 for $25,000 bonds was also
received from R. H. MacMichael.
Denomination $1,000.
Chicago, Ill.—West Park District.—Bonds Voted.—The
election held Nov. 8 (V. 91, p. 976) resulted in favor of the
proposition to issue the $1,000,000 bonds, at not exceeding
Arkport School District (P. O. Arkport), Steuben County,
N. IT.—Bond Sale.—On Oct. 27 $13,000 5%
high-school¬
building bonds were awarded to Geo. M. Hahn of New York
City at 104.29 and accrued interest.
as
Date Oct. 1 1910.
Interest semi-annual.
5% interest, for park improvements. The vote is reported
42,579 to 34,571.
Cincinnati School District (P. O. Cincinnati), Ohio.—Bond
Offering.—Proposals will be received until Dec. 5, it is
stated, for $240,000 4% school bonds. Denomination $500.
Denomination 3500.
Date July 1 1910.
Interest annually In January.
Maturity 40 years.
Maturity $500 yearly In January from 1912 to 1937 inclusive.
Clay County (P. O. Spencer), Iowa.—Bond Sale.—This
Ashland, Middlesex County, Mass.—Bond Sale.—Accord¬
county sold $35,782 27 6% 3-9-year (serial) drainage bonds
ing to reports, $50,000 4% 5-29-year (serial) water bonds on Nov. 3 to the Wm. R. Compton Co. of St. Louis for
datediDec. 1 1910 have been purchased by R. L.
Day & Co& $36,727 27—the price thus being 102.64. Bids were also
of Boston at 104.299—a basis of about 3.659%.
received from Geo. M. BechtelCo. of
McCoy &
*“*\i»bula, Ashtabula County Ohio .—Bond Offering.-2 Co4»of Chicago and the Investment &Davenport,
Surety Co. of Des
sals will be received until 12 ui/ Nov. 30 by Frank. Wii ^
The bon&s are datedcNov. 1 1910, i4
KiSJsr
3£gner, City Auditor, for the following 5% bonds:
^Cleveland,
Ohio,~-Bond
-Sdlef^The
following
bidsfi
Were
M00 fire department bonds. Date Aprillvl910. Maturity
Ma
part yearly
received on Nov, 7 for thfr$250,009 4.10% coupon tqfc^ifcu24,000 Lake Streett paving bond.. Denomination $«oo. Date Oct.i'l ’J°8to hospital bondsi and*ftov«400,000 4% coupon 6
^
1010. Matturity $2,400 yearly on Oct. l from 1911 to 1920 incL
i.lcrossing bonds described in V^^91,VP
p. 1048:
(JBoth issues)
$250,000
$400,000
bonds.
bonds.
bonds.
$652,530 00
$252,265
$400,265
$650,000
■
•Hayden. Miller A Co., Cleveland
Cleveland Trust Co., Cleveland
C. E. Denison 6s Co., Cleveland
E. H. Rollins & Sons, Chicago
-
652.476 50
Stacy 6s Braun, Toledo
—
New First National Bank, Columbus.
Tillotson 6s Wolcott Co., Cleveland..
Otis 6s Hough, Cleveland
*
Successful bidder.
Maturity October 1
1343
THE CHRONICLE
Nov. 12 1910.1
_
652,100 00
652,027 50
Fall River, Bristol
Fembank,
1940.
Delaware County, Pa.—Bond Ordinance
Vetoed.—Reports state that a $72,000 water-works and sewerClifton Heights,
age-system man bill, recently adopted by the
been vetoed by the Burgess.
Coleman County Common School Districts,
Council, has
Tex.—Bonds
Registered.—On Nov. 4 the State Comptroller registered
$2,000 5% 5-10-year (optional) bonds of School District No.
35 and $3,000 5% 10-20-year (optional) bonds of School Dis¬
County, Mass.—Bond Sale.—Reports
$528,000 4% Taunton River bridge bonds
offered on Nov. 10 (V. 91, p. 1277) were sold to N. W,
Harris & Co. and Merrill, Oldham & Co., both of Boston,
at their joint bid of 105.079.
Maturity $18,000 yearly on
Dec. 1 from 1911 to 1934 inclusive and $16,000 yearly on
Dec. 1 from 1935 to 1940 inclusive.
state that the
Hamilton
County,
Ohio.—Bond*
Tiled.—
The election held Nov. 8 resulted in favor of the proposition
to issue the $20,000
4^% 20-year water-improvement
bonds mentioned in V. 91, p. 896.
The vote was62 to 10.
Floresville School District (P. O. Floresville), Wilson
County, Tez.—Bond Election Proposed.—There is talk of
calling an election to vote on the question of issuing $18,000
bonds.
Fort Lee School District (P. O. Fort Lee), Bergen County,
N. J.—Bonds Proposed.—Issues of $26,000 new school and
$14,000 school-addition 5% 19-26-year (serial) coupon taxColumbus, Cherokee County, Kan.—No Action Yet Taken. exempt bonds are in the hands of the Attorney-General
his approval.
—Up to Nov. 7 no action had yet been taken looking to¬ awaiting
The bonds are in denominations of $1,000 each and are dated fan. 1
wards the holding of the proposed $60,000 sewer bond elec¬ 1911.
Interest semi-annually in Fort Lee.’
Bonded debt, at present,
tion mentioned in V. 91, p. 818.
$70,000. No floating debt. Assessed valuation 1910, $2,Nf,IM.
Franklin County (P. O. Columbus), Ohio.—No Bond Elec¬
Columbus, Ohio.—No Bond Election.—The reports which
have been appearing in some of the newspapers, stating that tion.—We are advised that there is no truth in the reports
an election would be held Nov. 8 to vote on the question of
printed in some of the newspapers that a proposition to is»
issuing $1,000,000 viaduct bonds, are, we learn after in¬ sue $60,000 bonds would be submitted to a vote on Nov. 8.
Franklin County Common School Districts, Tez.—Bonds
vestigation, erroneous.
Cook County (P. O. Chicago), HI.—Bonds Voted.—The Registered.—On Nov. 3 $700 bonds of District No. 20 and
election held Nov. 8 resulted in favor of the question of $800 of District No. 17 were registered by the State Comp¬
issuing the $3,000,000 4% gold hospital-reconstruction troller. Both issues bear 5% interest and mature in 20
and extension bonds, mentioned in V. 91, p. 976.
Vote is years, subject to call after 10 years.
Gallatin County School District No. 62 (P. O. Maudlow),
reported as 153,850 to 85,309.
Ooraopolis, Allegheny County, Pa.—Bonds Voted.—An Mont.—Bond Sale.—On Oct. 10 $1,500 6% 5-10-year (op¬
election held Nov. 8 resulted in favor of propositions to tional) school-building and furnishing bonds were awarded
Denomi¬
issue $22,500 street-improvement, $15,000 water, $7,500 to the State Board of Land Commissioners at par.
electric-light and $5,000 refunding bonds. The vote was nation $300. Interest annually on Oct. 1.
290 to 130.
Galveston County (P. O. Galveston), Tez.—Bonds Regis¬
Crockett County Common School District No. 1, Tez.— tered.—On Nov. 1 $125,000 5% 20-40-year (optional) sea¬
Bonds Awarded in Part.—On Nov. 1 $5,000 more of the wall-improvement bonds were registered by therState Comp¬
:
$25,000 5% 5-40-year (optional) bonds registered on Aug. 12 troller.
by the State Comptroller (V. 91, p. 477) were purchased by
Glendale, Hamilton County, Ohio.—Bond Election.—We
the State School Fund at par and interest.
This makes a are advised that the amount of water-works bonds to be
total of $15,000 bonds of this issue sold to the State to date. voted upon on Nov. 29 (V. 91, p. 1277) is $16,000, and not
See V. 91, p. 976.
$15,000 as at first reported;
Dallas, Tezas.—Bond Offering.—Proposals will be re¬
Gordo, Pickens County, Ala.—Bonds Voted.—A prepo¬
ceived until 3 p. m. Nov. 21 by J. B. Winslett, City Secre¬ sition to issue $6,000 5% school-building bonds carried by a
vote of 50 to 21, at an election held recently. ‘ Maturity 20
tary, for the following gold coupon bonds:
$350,000 4 H% permanent street-improvement bonds.
years from Jan. 1 1911.
They will be offered far sale about
100,000 4%
water-works permanent-improvement bonds.
the latter part of next month.
100,000 4%
sanitary sewer-improvement bonds.
100,000 4%
public-school-improvement bonds.
Greeley School District No. 6 (P. O. Greeley), Weld
Denomination $1,000.
Date June 1 1910.
Interest semi-annually at
the Chase National Bank In New York City.
The street bonds are payable County, Colo.—Bids.—The following bids were received for
June 1 1950, while the other bonds mature June 1 as follows:
$2,000 of the $62,000 5% school bonds sold on Oct. 31 to James H.
each Issue every odd year and $3,000 of each issue every even year from
Certified check for 2% of bonds bid for. payable Causey & Co. of Denver (V. 91, p. 1277):
1911 to 1950 inclusive.
trict No. 37.
to C. B. Gillespie, Commissioner of Finance and Revenue, is required.
Bonds will be certified as to genuineness by the United States Mortgage 6s
Trust Co. in New York City, and their legality approved by Dillon, Thom¬
York City, whose opinion as to legality will be furnished
The bonds will be delivered on or before Nov. 30 1910.
These securities were offered on Oct. 26, but all bids received on that day
were rejected.
V. 91, p. 1276.
6s Clay of New
son
to the
purchaser.
Dallastown
School District (P. O. Dallastown),
York
County, Pa.—Bonds Defeated.—An election held Nov. 8
resulted in the defeat of a proposition to issue $20,000 budd¬
ing bonds. The vote was 122 “for” to 200 “against.”
Dillon, Marion County, So. Caro.—Bond Offering.—Pro¬
posals will be received until 12 m. Nov. 15 by A. J. C. Cottingham, Chairman of Electric Light Commission, for the $15,000
coupon electric-light-plant-construction and equipment bonds
voted on Sept. 27 (V. 91, p. 977).
Authority Chapter 43, Section 2008, Article 6, General Statutes. Inter¬
est (not to exceed 6%) annually at the Bank of Dillon in Dillon.
Bonded
debt at present, $5,000.
Floating debt, $12,000. Assessed valuation,
$509,535.
Du Bois County (P. O.
issue of $26,200 Harbinson
disposed of
on
Jasper), Ind.—Bond Sale.—An
Township rock-road bonds was
Oct. 24 to Miller, Adams & Co. of Indianapolis
5s.
as
each. Date
Interest May and Nov. in Jasper. Maturity $655 each six
15 1930 inclusive. These bonds were
Sept. 10.
Denomination 80 bonds of $200 each and 40 bonds of $255
Sept. 1 1910.
months from May 15 1911 to Nov.
offered aa 4Hs (V. tl, p. 1197) on
East Spencer (P. O. Salisbury), Sub-Station No. 2,
Rowan County, No. Car.—Bond Offering.—Proposals will be
received until 12 m. Nov. 16 by C. H. Leonard, Town Clerk,
for $25,000 coupon water and light bonds.
Bids are to be
based on 5%, 5^% or 6% bonds.
Authority, election held Nov. 5 (V. 91, p. 1049). Denomination $1,000.
Interest semi-annually In East Spencer.
Maturity 25 years. Certified
check for 2 % of bonds Did for Is required.
Purchaser to furnish blank bonds
and pay for any legal Investigation.
No debt at present. Assessed valua¬
tion
$360,000.
Common School District, Tez.—Bond Sale.
bonds registered by the State Comptroller
Aug. 19 (V. 91, p. 742) were sold on Sept. 15 to funds of
Paso County at par and accrued interest.
El Paso County
—The $6,800 5%
on
El
Denomination $100.
Date April 10 1910.
SO years, subjest to call after 15 years.
Interest annual.
Maturity
Evanston, Cook County, HI.—Bond Sale.—This city has
accepted the bid of par submitted on Nov. 1 by the National
City Bank of Chicago for the $35,000 departmental-building
and the $10,000 1-5-year (serial), fire-department 4% cou-
bonds, bids
Son
latday.
for which were opened (V. 91, p, 1276) on
Jas. H. Causey & Co., Denv_101.661iJas. N. Wright & Co., 9eev.lfS.625
E. H. Rollins 6s Sons, Denv.101.653J Wm. E. Sweet 6s Co., Demv. S9.75
Federal State 6s S. Bk.,Denv.l01.087J McCoy 6s Co., Chicago
S9.50
Proposals were also received from John Nuveen a Go. and S. A. Kean A
Co., both of Chicago.
Greenville, Hunt County, Tez.—Bond Sale.—The $100,000
coupon
street-paving and the $70,000 high-school-building
40-year bonds mentioned in V. 91, p. 897, were sold on
Oct. 31, according to reports, to Spitzer & Co. of Toledo.
Grove City, Mercer County, Pa.—Bonds Voted.—The
question of issuing $45,000 funding and sewer bends carried
by a vote of 384 to 128 at the Nov. 8 election. See Y, 91,
p. 742.
Hamilton, Ohio.—Bond Sale.—Six issues of 4% eoepon
bonds, aggregating $265,950, have been awarded to Seasongood & Mayer and the Davies-Bertram Co., both of Cincin¬
nati.
These are not new issues but bonds held by the Sinking
Fund as an investment.
They were purchased by the
Sinking Fund on Sept. 6. See V. 91, p. 897.
Howell School District No. 59 (P. O. Howell), Golfaz
County, Neb.—Bonds Voted.—We are advised that the
$21,000 5-20-year (optional) school-building and furnishing
bonds mentioned in V. 91, p.1277, were authorized at an elec¬
tion held Oct. 25 by a vote of 137 “for” to 33 “against."
Huntington Park School District, Los Angeles County,
Cal.—Bonds Voted.—An election held Oct. 24 is said te have
resulted in favor of a proposition to issue $15,000 bends to
purchase land for school purposes.
Iowa City, Johnson County, Iowa.—Bonds Authorized.—
Local papers report that the City Council on Nov. 4 author¬
ized the issuance of $6,068 02 6% paving bonds.
Denomi¬
nations $100 to $1,000.
Interest annual.
Janesville, Rock County, Wis.—Bonds Voted.-—Proposi¬
tions to issue the following bonds were adopted by the voters
on
Nov. 8:
$25,000 Fourth Avenue bridge-oonstruction bonds.
Vote 1,017 te ££7.
17,000 Racine Street bridge-construction bonds,
Vote 1024 to £87.
A two-thirds majority was required on each Issue.
Jefferson County (P. O. Port Townsend), Wash.—Bond
Sale.—Wm. D. Perkins & Co. of Seattle, offering par for
5J^s, were the successful and only bidders on Nov. 2 for the
$133,000 gold coupon refunding bonds described in Y. 91,
p. 1198.
Maturity on Jan. 1 as follows: $30,000 in each of
the years
1916 and 1921, $35,000 in 1926 and $38,005 in 1931.
1344
THE CHRONICLE
Jersey City, N. J.—Description of Bonds.—We are advised
$30,000 4% park bonds awarded on Nov. 4 to the
Sinking Funa Commissioners at 101 (V. 91, p. 1277) are in
denominations of $1,000 each and are dated Nov. 1 1910.
Interest semi-annual. Maturity Nov. 1 1960.
Joplin 8ehool District (P. O. Joplin), Jasper County, Mo.
-—Bond Election Proposed.—This district, it is reported,
pro¬
poses to call an election to vote on the question of issuing
$260,000 high-school-building bonds.
Kaw Valley Drainage District (P. O. Kansas City),
Wyandotte County, Kans.—Bond Sale.—An issue of
$1 ,225,000 5% 30-year bonds was recently sold to Spencer
Trask A Co. of New York City.
Lakewood School District (P. O. Lakewood), Cuyahoga
County, Ohio.—Bonds Voted.—We see it stated that this dis¬
trict voted on Nov. 8 to issue $150,000
building bonds.
Lauderdale County (P. O. Meridian), Miss.—Bond Sale.—
On Nov. 7 $50,000 5% Road District No. 1 bonds were
awarded, it is stated, to Woodin, McNear & Moore of Chicago
at par.
The bonds were sold on Sept. 6 to S. A. Kean A
Co. of Chicago (V, 91, p. 743), but this sale was not consum¬
that the
.
mated.
Lawrence, Essex County, Mass.—Bond Sale.—An issue of
$90,
ET'89"5’
3.579%. Denominations 80 bonds
bonds of $500 each.
Date Oct,
1
of $1,000 each and 20
1910.
Interest semi¬
|VoL.LXXXXI
$2,647 25 (100.236) and interest. There were no other
bidders. Maturity $1,000 on Oct. 1 in each of the years 1912
and 1913 and $641
on
Oct. 1 1914.
Medina School District (P. O. Medina), Medina
County,
Ohio.—Bond Offering.—Proposals will be received until 12
m. Dec. 3 (not Dec. 1 as at first
reported) by E. R. Mitzer,
Clerk of Board of
Education, for $35,000 4)4%
building bonds.
coupon school¬
Authority, Sections 7625, 7626, 7627 and 7628, General
Code.
Denomi¬
nation $500.
Date Dec. 3 1910.
Interest March 1 and Sept. 1.
Maturity
$500 each six months from March 1 1912 to
Sept. 1 1916, Inclusive, $500
each March 1 and $1,000 each
Sept. 1 from 1917 to 1921, Inclusive, $1,000
each six months from March 1 1922
to Sept. 1 1926 and $1,000 each March 1
and $1,500 each Sept. 1 from 1927 to
1931, Inclusive. Certified check for
5% of bonds bid for, payable to the
Village Treasurer, Is required. Pur¬
chaser to pay accrued Interest.
Meridian, Lauderdale Oounty, Miss.—Description of
Bonds.—The City Clerk informs us that the three issues of
bonds, aggregating $40,000, awarded on Oct. 19 to Breed A
Harrison of Cincinnati (V.
91, p. 1199), carry semi-annual
interest at the rate of 5%.
They are in denominations of
$1,000 each and are dated Jan. 1 1911. Maturity thirty
years.
These bonds, together with the $50,000
previously
purchased by Breed A Harrison (V. 91, p. 1199) are
part of
the $275,000 bonds voted last
July. Of the $185,000 bonds
remaining unsold, $100,000 will probably be sold, we are
advised, some time after Jan. 1911 for school-building
purposes and $75,000 will be issued later for a new
city-hall.
The sale of the other
$10,000 worth has been indennilitely
deferred.
Miller Oounty (P. O.
Texarkana), Ark.—No Bonds Pro¬
annually at the Old Colony Trust Co. in Boston or at the posed.—We are advised that
no bonds will be issued
by this
City Treasurer's office in Lawrence.
county. It was stated in local papers some weeks ago
Temporary Loan.—A loan of $100,000, payable April 3 (V. 91, p. 417) that the issuance of
$400,000 road bonds was
1911, has been negotiated, it is stated, with Loring, Tolman being considered.
A Tupper of Boston at 3.94% discount and a
premium of
Modesto, Gal.—Bond Sale.—The four issues of 5%
25 cents.
coupon
ed on Oct. 12 and described
Lewistown, Fulton County, Ill.—Bond Election.—An elec¬
the Harris Trust A Savings
tion will be held Nov. 29 to vote on the question of
issuing
icago at 104.08 and accrued interest.?’' Maturity
$8,500 434% water-works-system-improvement bonds. De¬ $2,500 yearly on Dec. 1 from 1910 to 1949
inclusive.
nomination $500.
Mt. Pleasant Independent School District
(P. O. Mt. Pleas¬
Live Oak County (P. O. Oakville), Tex.- -Bond
Offering.— ant) Titus Oounty, Tex.—Ronds Awarded in Part.—On Nov. 1
W. A. Hill, County Ji
“
is
Judge, offering at par the $25,000 5% $5,500 of the $14,500 bonds—the unsold
portion of the is¬
10-40-year (optional) gold registered road-improvement sue of $32,000 5%
10-40-year (optional) building bonds men¬
bonds of Road District No. 1.
See V. 91, p. 666, for a tioned in V.
91, p. 978—were sold to the State School Fund
description of these bonds.
at par and accrued interest.
Lockland, Hamilton County, Ohio.—Bond Offering.—
Muskogee, Muskogee
Proposals will be received until 12 m. Dec. 12 by C. E. Troy, posed.—There is talk of Oounty, Okla.—Bond Election Pro¬
calling an election to vote on the
Village Clerk, for $6,000 434% (village's portion) Wyoming question of issuing sanitary-sewer
bonds.
Avenue-improvement bonds.
Nanticoke
School
District
(P. O. Nanticoke), Luzerne
Denomtn&tlea 9500.
Date Oct. 1 1910.
Interest semi-annual.
Ma¬
turity Oct. 1 1920. Certified check for 5% of bonds bid for, payable to
Oounty, Pa—Bond Sale.—The $55,000 5% 15-30-year
the village Treasurer. Is required.
Purchaser to pay accrued Interest.
(optional) school bonds dated Nov. I 1910, mentioned in
Louisville, Ky.—Bond Sale.—We are now advised that y. 91, p. 821, were sold on Oct. 14 to the First National
the $350,000 4% 10-year gold refunding bonds
(tenth issue) Bank of Nanticoke for $55,400—the prioe thus being 100.727.
mentioned in V. 91, p. 1278, have been sold at
par.
The The bonds will be delivered $5,000 each month.
Commissioners of the Sinking Fund purchased $150,000 of
North Hempstead (P. O. Manhasaet), Nassau
Oounty,
the issue,
;
N. Y.—Bond Offering.—Proposals will be received until
Bonds Voted.—A favorable vote was polled Nov.
8, it is 3 p. m. Nov. 17 by Monroe S. Wood, Town Clerk, for $108,stated, On the proposition to issue the $1,000,000 4)4% 40- 000 gold coupon or registered bonds
for the installation of a
year gold coupon hospital bonds described in V. 91, p. 1278. water plant m the
Roslyn Water District.
McLean Independent School District (P. O. McLean),
Authority, Section 288, Town Law, Chapter 68, Laws of 1909, aa
Gray
Denomination $1,000. Date Nov. 1 1910. Interest (rate not
County, Tex.—Bonds Awarded in Part.—-On Nov. 1 the State amended.
to exceed 5%) semi-annual.
$18,000 Nov. 1 1919 and $6,000
School Fund purchased at par and interest $4,000 of the yearly on Nov. 1 from 1916 toMaturity
1930 inclusive.
Certified cheek (or cash)
for
10%
of
bid,
payable
to
the
Town
Supervisor,
Is required.
$25,000 5% 40-year bonds offered, but not sold, on June 3
North Holland School District (P. O. Holland), Ottawa
(V. 91, p. 53). This makes $24,000 sold to the State to
date, the sale of $19,000 having been reported in V. 91, p.978. Oounty, Mich.—Bonds Proposed.—According to reports, the
Mansfield School District (P. O. Mansfield), Richland School Board proposes to issue $16,000 school-building bonds.
County, Ohio.—Bonds Voted.—The election held Nov. 8 re¬
Norwood, Delaware Oounty, Pa.—Bonds Voted.—The
sulted in a vote of 2,497 “for” to 1,551 “against” the
propo¬ election held Nov. 7 (not Nov. 8 as at first reported) resulted
sition to issue the $100,000 school-building bonds mentioned in favor of the proposition to issue the
$50,000 5% streetin V. 91, p. 1278.
improvement and sewerage-system bonds. The Vote was
Marion, Marion County, Ohio.—Bonds Defeated.—The 272 to 63.
election held Nov. 8 resulted in the defeat of the
proposition
Norwood School District (P. O. Norwood), Hamilton
to issue the $100,000 city-hall bonds mentioned in V.
91, p. Oounty, Ohio.—Bonds Voted.—It is stated an election held
821. ; The vote was 2,170 “for” to 1,596
“against,” a two- Nov. 8 resulted in favor of a proposition to issue $275,000
thirds majority being necessary to carry.
high-school bonds.
Marion County (P. O. Marion), Ohio.—Bond
Offering.—
Oakley (P. O. Cincinnati), Ohio.—Bonds Voted.—The
Proposals will be received until 2p. m. Nov. 26 by the Board election
held Nov. 8, it is reported, resulted in favor of the
of County Commissioners, A. H. Trout,
H. Seiter and W. H.
propositions
to issue the $4,500 street-improvement and
Holverstott, for $84,000 5% coupon Little Scioto River im¬
provement assessment bonds. The commissioners reserve $2,500 water-main bonds mentioned in V. 91, p. 1051.
Omaha School District (P. O. Omaha), Neb.—Bonds Voted.
the privilege of withholding from sale as
many of the first
—The
election held Nov. 8 resulted in a vote of 10,208
maturing bonds as they think necessary.
“for”
Authority. Seotlons 2294. 2295. 6489, 6490, 6491,6492 and 6493, General to 5,608 “against” a proposition to issue
$750,000 434%
20-year bonds. We are informed that they will be offered for
sale early in 1911.
Sept. 1 at the County Treasurer’s office. The bonds mature as follows:
$4,000 Mch. 1 ’ll $3,500 Sep. 1 ’13 $4,000 Mch. 1 ’16 $5,000 Sep. 1 ’18
Ontario, San Bernardino Oounty, Cal.—Bonds Voted.—
3,000 Sep. 1 ’ll
4.000 Mch. 1 *14 4,500 Sep. 1 ’16
The election held Oct. 31 (V. 91, p. 1199)
5,000 Mch. 1 ’19
resulted, it is
3,500 Mch. 1 *12 4,000 Sep. 1 ’14 4,000 Mch. 1 ’17 5,000 Sep. 1 ’19
3,500 Sep. 1 ’12 4,000 Mch. 1 ’15 4,500 Sep. 1 ’17 5,000 Mch.
stated, in favor of the question of issuing the $175,000 bonds
1 ’20
4,000 Mch. 1 ’13 4,000 Sep. 1 ’15 4,500 Mch. 1 ’18
5,000 Sep. 1 ’20 for the installation of a complete new water system.
The
Certified check (or cash) for $500, drawn on some bank of
Marlon. Is re¬
vote was 593 “for” to 143 “against."
quired. Purchaser to pay accrued Interest.
Mart Independent School District (P. O.
Painesville, Lake Oounty, Ohio.—Bond Sale.—The Sinking
Mart), McLennon
County, Tex.—Bonds Awarded in Part.—The State School Fund Trustees have purchased $2,000 434% light bonds.
Fund on Nov. 1 purchased $10,000 of the
Paterson, Passaic Oounty, N. J.—Bond Sale.—On Oct. 27
$40,000 5% 20-40year (optional) school-house bonds offered on June 20. This an issue of $70,000 434% 10-year
street-improvement bonds
makes a total of $30,000 bonds sold to the State to date. was awarded to the Sinking Fund at
par. Denomination
See V. 91, p.. 978.
$1,000. Date Nov. 1 1910. Interest semi-annual. ;
Massillon, Stark County, Ohio.—Bond Sale.—On Nov. 10
Pittsburgh, Pa.—Bonds Voted.—The City Comptroller
the $2,641 4 J4%
coupon Brown Street bonds described in informs us that unofficial figures indicate that
the propositions
V. 91, p. 1278, were sold to
Stacy A Braun of Toledo for to issue the following bonds, aggregating $10,305,000,
were
—
-
,
-
■
,-v
Not. 12
1345
THE CHRONICLE
1910.)
favorably voted upon at the
South Bend, St. Joseph Gounty, Ind.—No Bond* Pro¬
election held Nov. 8 (V. 91,
posed.—We
are informed that there is no truth in the reports
"
that this city proposes to issue $100,000 sewer bonds.
p. 979):
$100,000 for garbage-disposal purposes; $570,000 for the Improvement
of the sewer-uystem; $1,500,000 to erect a municipal building or a city-hall;
$1,000,000 for playgrounds and public parks; $300,000 for pubUo-tollbridges; $1,410,000 for the Improvement of certain streets; $100,000 to
construct roads and parks upon the public wharves; $3. 100.OOOto Improve
the water-system; $1,975,000 to construct bridges and $250,000 for the
construction of a municipal tuberculosis hospital.
..
Plattsmouth, Gass Gounty,
1201.
/
Sontli Williamsport School District (P. 0* Williamsport),
Lycoming County, Pa.—Bonds Voted.—An election held
Nov. 8 resulted in favor of the question of issuing $25,000
bonds to construct two new buildings.
The vote was 450
“for” to 203 “against.”
-•
>
V. 91, p.
Neb.—-Bond Offering.—Pro-
Sosals
G. Wurl,
were asked
for until
m. yesterday
(Nov.
11) by
for 4
bonds;
City Clerk,
thep.following
coupon
Stephen School District (P. O. Stephen), Marshall Gounty,
Maturity 10 years, subject to call Minn.—Bonds Not Yet Sold.—No sale has yet been made of
after 1 year.
12.000 094 District No. 8 paving bonds.
Maturity $2,000 In each of the the $2,000 5% 5-10-year (optional) refunding bonds offered
without success (V. 91, p. 747) on Aug. 20.
years 1011 andl912 and $1,000 yearly from 1013 to 1920,inThe Secretary
diustve, unpaid bonds being subject to call after 5 years.
of Education informs us that he believes an arrange¬
Denomination $500.
Interest annually In New York City. The result Board
ment will be made by which the holders of the maturing
of this offering waa not known to us at the hour of going to press.
bonds
will carry the same for another year.
Portland, Ore.—Bond Sale.—The $500,000 4% gold bridgeconstruction bonds due July 1 1939 and described in V. 91,
Story Gounty (P. O. Nevada), Iowa.—Bonds Defeated.—
The propositions to issue $50,000 hospital, $30,000 countyp. 899, were sold on Nov. 7 to E. H. Rollins & Sons, A. B.
Leach & Co. and N. W. Halsey & Co., all of Chicago, at their farm-house and $6,000 fair-ground bonds mentioned in
V. 91, p. 980, were defeated at the Nov. 8 election.
joint bid of 90.81.
*
StowTownship, Summit County, Ohio.—Bond Offering*
Portsmouth, Va.—Bond Sale.—The $250,000 4^% 30will be received until 12 not. Dec. 5 by H. J.
—Proposals
year street and school bonds were sold last month to N. W.
Halsey & Co. of New York City. Denomination $1,000. Williamson, Township Clerk (P. O. Cuyahoga Falls, ft; F. D.
No. 8), for $8,000 4^% coupon road-improvement bonds.
Date 1910.
Interest Feb. and Aug.
Authority. Sections 3295, 3924. 3939, 3940, 3941; 3943 and 394? of the
Portsmouth, Scioto County, Ohio.—Bonds Voted.—Ac¬ General
Code.
Denomination $1,000. Date “day of sale." Interest
cording to reports, an election held Nov. 8 resulted in favor April 1 and Oct. 1 at the Central Savings & Trust Co. In Akron. Maturity
$1,000 yearly on Oct. 1 from 1912 to 1919 Inclusive. Certified check for
of the question of issuing $300,000 water-works bonds.
10% of bonds bid for, payable to the Township Treasurer, is required.
r:
t,
Quincy, Norfolk County, Mass.—Bond Sale.—On Nov. 10 Purchaser to pay accrued Interests ;
$20,000 4% 1-10-year (serial) coupon water-supply bonds
Sugar Creek, Tuscarawas Gounty, Ohio.—Bond* Voted.—
were awarded, it is stated, to Geo. A. Fernald & Co. of
The proposition to issue $12,500 water-works bonds men¬
Boston at 101.271.
tioned in V. 91, p.823,carried by a vote of 7f ^fori’ to 30
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annually in “against” at the election held Nov. 8.
;
; •,
Bonds certified as to genuineness by Old Colony Trust Co. in
Boston.
Swarthmore School District (P. 0. Swarthmore), Delaware
Boston, which will further certify that Ropes. Gray & Gorham of Boston
have approved the legality of the issue.
Gounty, Pa.—Bonds Voted.—An election held Nov. 8, it is
Reading (P. O. Station R, Cincinnati), Hamilton Gounty, stated, resulted in favor of a proposition to issue 860,000
Ohio.—Bond Sale.—Local papers report that on Nov. 7 the school bonds. The vote was 166 ‘Tori’ to 134 “against,”
$2,500 43^% 20-year coupon water-works and electric-light
Tacoma, Wash.—Bonds Voted.—The election held Oct. 29
bonds described in Y. 91, p. 1051, were sold to the Provident
(V. 91, p. 1116) resulted in favor of the following proposi¬
Savings Bank & Trust Co. of Cincinnati at 105.34—a basis tions, according to reports: $475,000 Eleventh Street bridge
of about 4.106%.
The bonds are in denominations of $500 bonds, $405,000 dock bonds and $68,000 Puyallup bridge
each.
$9,500 8% intersection paving
bonds.
*
-
bonds.
Bands Defeated.—The proposition to issue the $75,000
Reading, Pa.—Bonds Defeated.—The election held Nov. 8
resulted In the defeat of the p repositions to issue the $325,000 fire-tug bonds, also submitted on Oct. 29 (V. 91, p. 1116),
park and playgrounds, $500,000 city-hall, $225,000 street¬ is said to have been defeated.
paving and $225,000 storm-water-sewer bonds mentioned ; Taylor County (P. O. Abilene), Tex.—Bonds Defeated.—
m V. 91, p. 1279.
y
We see it stated that a proposition to issue $100,000 Precinct
Ridge Township School District, Van Wert Gounty, Ohio. No. 4 good-road bonds was defeated at an election held
—Bonds Not Sold.—No award was made on Nov. 3 of the Oct. 29.
$35,000 4%% coupon bonds described in V. 91, p. 1200, a v Tecumseh, Johnson County, Neb.—Bonds Defeated.—The
temporary injunction restraining the sale having been granted
Rochester, H. Y.—Note Offering.—Proposals will be re¬
ceived until 2 p. m.
Nov. 14 by Chas. F. Pond, City Comp¬
troller, for $200,000 water-works-renewal notes.
Denominations of notes and rate of Interest
desired to be designated by
eight months from
the bidder.
Principal and Interest will be payable
Nov. 18 1910 at the Union Trust Co. In New York City.
St. Louis, Mo.—No
Bond Election.—We are informed that
held
8
the newspaper reports that an election would be
Nov.
to vote on the question of issuing $2,500,000 bridge bonds
entirely erroneous.
Salem, Oolumhiana Gounty, Ohio.—Bond Sale.—On
Nov. 4 the $10,000 4J^% 10-19-year (serial) coupon refund¬
ing bonds described in V. 91, p. 1280, were awarded to Stacy
& Braun of Toledo at 104.415 and accrued interest. The
are
bids received
were as
follows:
Stacy a Braun. Toledo..$10,441
Hayden. Miller A Co., ae. 10.430
C. B. Denison a Co.. Cle_. 10,427
Otis a Hough, Cleveland. 10,423
50 Se&songoodAMayer, Cln. .$10,418 00
04 Tlllotson a Wolcott Co.,Cle 10,413 00
75 Davies-Bertram Co., Cln. 10,404 00
00 Breed a Harrison, Cln... 10,379 00
San Angelo, Tom Green County, Tex.—Bonds Authorized.
—This city nas authorized the issuance of $20,000 5%
15-30-year (optional) coupon street-improvement bonds.
San Benito Independent School District (P. O. San Benito),
Cameron Gounty, Tex.—Bonds Awarded in Part.—Of the
$25,000 5% 5-40-year (optional) bonds which the State Comp¬
troller registered on June 2 (V. 90, p. 1698), $5,000 were pur¬
chased at par and interest on Nov. 1 by the State School
Fund. This makes a total of $22,500 bonds sold to the
State to date.
See V, 91, p. 668. , ^
San Diego School District (P. O. San Diego), San Diego
County, Gal.—Bond Election Proposed.—According to re¬
ports, there is talk of holding a $200,000 polytechnic-highschool bond election.
San Saba Independent School District (P. O. San Saba),
San 8aba Gounty, Tex.—Bond Sale.—On Nov. 1 the State
School Fund purchased $14,000 5% bonds at par and interest,
Sedgwick Irrigation District, Logan and Sedgwick Coun¬
ties, Colo.—Bonds Voted.—According to reports, this dis¬
trict recently voted to issue $670,000 irrigation bonds.
Sherwood, Defiance County, Ohio.—Bond Sale.—An issue
of $1,425 electric-light bonds has been awarded, it is stated,
to M. F. Pond of Somerset for $1,488 56, the price thus be¬
ing 104.46.
;;i;y.:-' :v: ■ ."
•
Silverton, Hamilton Gounty, Ohio.—Bonds Voted.—The
election held Nov. 8 resulted, it is stated, in favor of the
question of issuing the $8,500 water-system-construction
1052.
bonds mentioned in Y. 91, p.
propositions to issue the water and sewer bonds mentioned in
V. 91,
p.
901, were defeated, it is said, at the Nov. 8 election.
Terrell Gonnty Common
School District No, 1, Tex.—Bond
Sale.—On Nov. 1 $5,000 5% bonds were disposed of at par
and accrued interest to the State School Fund.
Texas.—Bond Side.—On Nov. 1 the $1,353,700 3% 2040-year (optional) coupon refunding bonds described in
V. 91, p. 901, were purchased at par and interest by the State
Board of Education for the account of the Permanent School
Fund and the several special State funder.
,
k
Thornton Township High School District (P. O. Harvey),
Oook Gounty, Bl.—Bids Rejected.—Ail bids received on
Nov. 2 for the $140,000 4% coupon school-building-enlarge¬
ment bonds described in V. 91, p. 1201, were rejected.
E. H. Rollins & Sons of Chicago, offering 97.60, were the
Proposals ranging from 97 up mere also
Savings Bank, N. W.
Halsey & Co. ind the Thos. Jv Bolger Cu.yalfpfCmbago;
Timmonsville, Florence County, So. Caro.—Bonds Not
Sold.—No sale has yet been made of the $30,000 water¬
works and the $5,000 drainage 5% 20-40-year (optional)
bonds offered on Oct. 15 and described in VV91r p.901.
Vernon, Willbarger Gounty, Tex.—-Bonds Registered.—On
Nov. 3 the State Comptroller registered $2,000 5% 10-40year (optional) school-house bonds.
Walpole, Chesire Gounty, N. H.—Bond Sale.—We have
just been advised that $24,000 3|£% coupon bridge-con¬
struction bonds were issued July 1 1910.
highest bidders.
received from the Harris Trust &
Denomination $500.
$2,000 yearly.
•
Interest January and July In
'
Keene.
Maturity
Ware, Hampshire Gounty, Mass.—Bond Sale.—According
reports an issue of $10,000 4% 1-10-year (serial) streetimprovement bonds was awarded recently to Hornbiower &
Weeks of New York City at 101.22.
Date Nov. 1 1910. U
Warren Gounty (P. O. Front Royal), Va.—Bonds Voted.—
The election held Nov. 8 (V. 91, p. 748) resulted, It is stated,
to
question of issuing $30,000 road-building
.'.'.V
Watervliet, Albany Gounty, N. Y.—Band Sale.—On
Oct. 31 an issue of $9,000 4>£% 1-9-year (serial) Broadway
improvement bonds was awarded to the Home Savings Bank
in Albany. Denomination$1,000. DateNbv.11910. interest
semi-annual.
' r.:\
iJ
Wausau, Marathon Gounty, Wia.—Bond Sal*.—N. W,
Halsey <fc Co. of Chicago were recently awarded $45,000
school" and $15,000 sewer 11-19-year (serial) coupon
in favor of the
bonds.
•-
Vi'u™r»
rVvJ&v*-
'
bonds. Denomination
January and July.
$1,000.
$100 at 100.75. We are advised that the
bonds have been re-advertised for sale.
v.
Estabrook S> Oo.
L—i
E. M. Farnsworth & Co
Blake Bros. A Co.
Wichita,, Kans.—Bonds
...
A list of the bidders follows:
,
■
,
.
•a*
,
Other bids
Wyoming (P. O. Cincinnati), Ohio,—Bonds Voted,—It
an
00
00
stated
election held Nov. 8 resulted in favor of
sition to issue $8,000 school bonds.
00
00
00
a
Canada,
Its
Provinces and Municipalities.
Amherstburg, Ont.—Description of Debentures.*—Wo are
advised that the
Nov. 4
issue of $75,000 4% 5-19-year
(serial) school bonds was
awarded to Perry, Coffin & Burr of Boston at 104.02.
The
bids received were as follows:
$15,762 5% debentures
sold
during October
Dominion Securities
Corporation,
Ltd.,
Toronto
(V. 91, p. 1202) are issued for water-works andoflocal
im¬
provement purposes.
The water-works debenture* are
to the
Perry, Coffin a Burr—....104.02
Blake Bros, a Co
103.57
Geo. A. Feraald a Co
..103.873 Edmunds Bros
103.57
E. M. Farnsworth a Co
..103.78
Adams & Co
103.52
Hayden, Stone a Co...103.76, E. H. Rollins a Sons
...103.419
Estabrook a Co
103.67
Jackson a Curtis
.103.37
N. W. Harris a Co
103.627 Parkinson a Burr
103.21
Blodget a Co
103.588 Merrill, Oldham a Co
103.179
R. L. Day a Co......
..103.579 Kuhn, Fisher a Co
103.133
The above bidders are all of Boston.
Denomination $1,000.
Date Sept. 1 1910.
Interest semi-annual.
dated Dec. 15 1909 and the
dated Dec. 16 1908.
.
local-improvement debentures
Maturity part yearly for 20 years.
are
Barons, Alberta.—Price Paid for Debentures.—We are ad¬
vised that the price paid
for the $2,000 10-year debentures
awarded on Oct. 22 to Nay & James of
Regina was 101 for 8
per cents.
West Union, Adams County, Ohio.—Bonds
Awarded in
an issue of
$1,000 4% street bonds, offered on
Nov, 4, $500 were disposed of to local
Part.—Of
Caledonia, Sask.—Debentures Authorized.—Report# ntate
the issuance of $9,000
permanent-improvement. de¬
bentures has been
lodges at the following
and accrued interest, $100 at 100.73 and
that
authorized.
NEW LOANS.
NEW LOANS.
INVESTMENTS.
$949,000
STATE OF MARYLAND
$25,000
Town of Conrad, Montana,
F. WM. KRAFT
-n
TREASURY DEPARTMENT,
Annapolis, October 20, 1910.
THE STATE ROADS LOAN
The undersigned, Governor, Comptroller and
Treasurer of the State of Maryland, in pursuance
•f an Act of the General Assembly of
Maryland
of 1908, Chapter 141, will receive
proposals for
$949,000 Series “C” of the said Loan, being
balanoe unissued of said Series “C”.
“The State Roads Loan” will be dated
February
1, 1910, bear interest from August 1, 1910, at the
rate of Three and One-Half Per Centum
per
annum, payable semi-annually on the first day
of February and August in each and every
year,
and the principal will be redeemable at the pleasure
of the State alter the first day of
February in the
year 1920, and the whole debt will be payable on
the first day of February, 1925.
Tne debt is
exempted from State,
county
and
municipal
taxation and will be issued in bond form,
with
coupons attached.
Said proposals must be delivered, sealed, to
the Treasurer of the State, at
Annapolis, ON
OR BEFORE 12 O’CLOCK NOON OF THE
TWENTY-SECOND DAY OF NOVEMBER,
1910, and must be at a price, accrued interest to
date of delivery in all cases to be added thereto,
and have endorsed on the back of the
envelope
“Proposals for the State Roads Loan.” Each
bid must be accompanied with a certified check
on
some
responsible banking institution for
10 per cent of the amount of such bid, and the
same will be opened in the office of the State
Treasurer, In the City of Annapolis, at 12 o’clock
noon, November 22nd, 1910, In the presence of
the undersigned.
On the opening of such proposals so many of
•aid coupon bonds as have been bid for, not
exceeding, however, the- amount for which
proposals are invited, may be awarded by said
Governor, Comptroller of the Treasury and
Treasurer,
or a
semi-annually.
•‘
CLAGETT,
BONDS
90 STATE STREET, BOSTON
MUNICIPAL BONDS
Safest investment*
investments
known Yielding from
JtQL fife C^QL
** jO
.
UL EN
BANKERS
>;
”yO
&
•
BSTABUSHBD
Wrtt* **
SO TINE STREET, NEW TORE
STATE, CITY A RAILROAD BONDS
Circular.
C O.
-
CHICAGO
.
McCOt ik COMPANY
1U»
Municipal and
a C. SPEER & SONS CO.
First Nat. Bank 81*,.. Chim,#
SCHOOL,
COUNTY AND MUNICIPAL BONDS
*
•
181
Comptroller of the Treasury.
/■'
1'A
"
1
•
*"
La Sail# Straat,
Chloago
K.
Trust
Company of America
37-43 WALL STREET, NEW YORK.
LONDON OFFICEi
COLONIAL BRANCHi
222
Broadway, New York.
Governor.
MURRAY VANDIVER,
Corporation Bords
*
TRUST COMPANIES.
excess
W. B.
BLODGET & CO.
*
majority of them, to the hlghesst
CROTHERS,
OHIO AGO, ILL.
The Town Clerk will receive bids for
same up to
including NOVEMBER 19, 1910, at his office
in Conrad, Montana.
The right is reserved to refuse
any and all bids.
*
;
EDWIN A. PETTIGREW.
Town Clerk.
Dated, Conrad, Teton County, October 12, 1910
or bidders for cash; and when
bidders have made the same bid,
which bids are the highest, and if the amounts
so bid for by the highest responsible bidders are in
AUSTIN L.
ISIS FIRST NATIONAL BANK BLOQ..
and
two or more
Annapolis.
The right Is reserved to reject any and all bids.
Specialising in Examination of
Municipal and Corporation Bonds
.
Notice
is hereby given that the Town of Conrad
will offer for sale to the
highest bidder bonds in
the sum of
Twenty-Five Thousand ($25,000)
dollars.
Said bonds redeemable as follows:
$3,000 in five years; $10,000 In fifteen
years; and
the balance at the expiration of
twenty years.
Said bonds to be Issued in denominations
of
$1,000 each, not to exceed 6
per cent Interest,
responsible bidder
of the whole amount of said bonds so
offered for sale, then such bonds may be awarded
to such highest responsible bidders
bidding the
same price in the proportion- which the amount
each has bid for bears to the whole amount of
•aid bonds so offered for sale.
These bonds will be issued in the denomination
of $1,000 and subject to registration as to
principal,
and will be deliverable December 1st, 1910, at
the office of the State Treasurer, in the
City of
LAWYER
BONDS
payable
95 Gresham St.
CAPITAL AND SURPLUS S«,008,000
Treasurer.
R. T. Wilson & Cow
M WALL STREET
NSW YORK
is
propo¬
In
Wellesley, Norfolk County, Mass.—Bond Sale.—On
par
—
..
an
prices: $300 at
oou-
^
Wayne Oounty (P. O. Detroit), Mich.—Bonds Voted.—The
proposition to issue the $2,000,000 good-road bonds men¬
tioned in V. 91, p. 1201, carried at the election held Nov. 8.
Wayne Township School District (P. O. Good Hope),
Payette Oounty, Ohio.—Bond Sale.—On Nov. 1 the $30,000
5% coupon school-building and site-purchase bonds described
in T. 91, p. 981, were awarded to
Field, Longstreth & Co.
of
C. E. Denison a Co., Cle. .$31,377 75
Davies-Bertram Co.,
Seasongood&Mayer, Cin._ 31,388 00 Well, Roth & Co., Cin Cin.$31,276
31,242
Stacy & Braun, Toledo
31,356 75 Hayden, Miller a Co., Cle. 31,086
New First Nat. Bk., Colum 31,326 00 T. J.
Bolder
Co.,
Chicago.
30,606
Otis A Hough, Cleveland. 31,320 00 First Nat.
Bank. Sabina..
Maturity on Sept. 1 as follows: $1,500 in 1912, $2,000 in 1913, 30,585
$3,000
1914, $3,500 In 1915 and $4,000 yearly from 1916 to 1920 inclusive.
have
following
•
:...
Cincinnati at 104.78 and accrued interest.
received were as follows:
Authorized.—Ordinances
$200 00 Eleventh Street extension bond
at not exoeodlng $% Interest.
Date 0ct*1 l®10*
675 00 Central Avenue bondMaturity Oct. 1 1912.
at not exceeding 6% Interest.
Date Oct. 1
1910. Maturity Oct. 1 1912.
1,836 00 Yale Avenue
opening bonds at not exceeding 6% interest.
Date
Oct. 1 1910:
Maturity Oct. 1 1912. Denominations $ttt and
$836.
>
*
24,414 83 5% North Market Street
paving bonds. Denomination $1,000,
except one bond of $414 83. Date Oct. 1 1910;
Maturity
on Oct. 1 as follows:
$1,414 83 in 1911, $3,000 every even
year from 1912 to 1920 inclusive and $2,000 every odd year
•from 1913 to 1919 inclusive.
1,777 62 Arkansas Avenue
opening bonds at not
6% Interest.
Denominations 2 bonds of $500 each and exceeding
one sf $777 62.
Date
Nov.
1 1910. Maturity Nov. 1 1912.
1,680 80 alley-construction bonds at not
exceeding
6%
Interest.
De¬
nomination $150, except one bond of $330 80.
Date Oet. 11910.
Maturity $150 yearly on Oct. 1 from 1911 to 1919 Inclusive
and
T. — $330 80 on Oct. 1 1920.
177 00. Sherwood Avenue
opening bonds at not exceeding 6% Interest.
Date Nov. 1 1910.
Maturity Nov. 1 1912.
...
infilualve.'
rems
been passed
providing for the issuance of the
pon bonds:
-102.767 N. W. Harris & Co
102.41
102.70
Perry, Coffin & Burr
102.30
.102.04
Adams & Co
102.01
Blodget & Co
102.5201Merrill, Oldham & Co
101.820
; The above bidders are all of Boston.
Maturity 21,500 yearly on Nov. 1
from 1011 to 1022 Inclusive and $1,000
yearly on Nov. 1 from 1023 to 1030
-
'■•
ass
Date Dec. 31 1909. Interest
Wayland, Middlesex County, Mass.—Bond Sale.—On
Nov. 4 the $26,000 4%
coupon school-building bonds de¬
scribed in;V. 91, p.
1281, were bought by Estabrook & Co.
of
Boston at 102.767,
.
AVswt5k-
Invites accounts of individuals firms and corporations.
Pays interest
on daily
Executes trusts of every
balances.
description.
—~
rJjk&P
xocxidilSl«;"
:
THE CHRONICLE
•
-V
Maturity part yearly.
/
DunnviUe, Ont.—Debenture Sale.—On Nov. 1 the $30,000
4}£% school debentures described in V. 91, p. 1202, were
awarded to B. C. Matthews A Co. of Toronto at 96.083 aud
Interest annual.
(
The bids received were as follows:
R. C. Matthews A Co.. Tor. ^28,825
C. H.Bwigess A Co.* Toronto 28,289
Dominion Scour. Corp., Tor. 28,859
Hanson Bros., Montreal.... 28,228
W. A. Maskensle A Co., Tor. 28,291
Xfewiuaxkh#, Ontario .—Debenture Sale.—On Nov,
Aemlllus Jarvis A Co., Tor.. 128.089
G. A. Stlmson A Co., Tor.. 28,075
Ontario Sccur. Co., Toronto. 28,017
Canada Debenture Co., Tor.. 27,992
H, O’Hara A Co., Toronto.. 27,975
an
to
5% 25-year school debentures was awarded
Wood, Gundy A Co. of Toronto at 100.42. The bids
follows:
.vGuiidy A Co., Tor.$15,088 00 WA.MackenzIe A Oo.,Tort 15,007
were as
.
,•
7
issue of $15,0Q0
Wood,
00
Brent, Nozon A Co., Tor. 15,081 00 Geo A. Stlmson A Co.,Tor. 15,005 00
Dominion Secur. Co., Tor. 15,028 00 Campbell, Thompson A Co. 14,928 OO
C. H. Burgess A Co., Tor. 15,014 00 Aemlllus Jarvis A Ce.,Ter. 14,824 50
Date July 4 1910. Interest annual.
k/.
,
,
Garleton County <P. O. Ottawa), Ont.—Debenture Sale.—
An Issue of $20,000 5% good-road debentures .was sold on
Oct. 28 to the Bank of Ottawa at 104.38.
Date Dec. 11910.
accrued interest.
•
CHRONICLE
Sot. 1219i«.
Nokomis, Saak.—Debenture Election Proposed.—An elec¬
tion will be held, it is stated, to vote on a by-law providing
for the issuance of $3,000 6% 20*installment debentures to
purchase the Nokomis Rink Co., Ltd.
1
Perdue, Sask.—Debenture Election Proposed,—Reports
Eldon Township, Ont.—Debenture Sale.—Issues of 4^% state that an election will be held to allow tne ratepayers to
and #% debentures, aggregating $9,197, have been sold, determine whether or not $2,900 sidewalk and road deben¬
it is Stated, to Thos. Stewart of Lindsay.
Part of the tures shall be issued.
debentures are due in ten annual installments and part in
Peterborough, Ont.—Debentures Authorized.—It is stated
twenty annual installments.
that the City Council has passed a by-law providing for the
Finch Township, Ont.—Description of Debentures.—We issuance of $20,000 water-works debentures.
are advised that the $3,868 5% debentures disposed of last
Raymore, Sask.—Debenture Sale.—During October $5,000
month to the Dominion Securities Corporation, Ltd,, of
6% debentures were awarded to Nay A James of Regina. •
Toronto (V. 91, p. 1054) are issued for drainage purposes
Boston School District, Man.—Debenture Offering.—Pro¬
and are dated Dec. 15 1909.
Maturity part yearly for 10
will be received until Nov. 15 for the $2,500 5%
posals
years.
school-improvement
debentures mentioned in T. 91, p. 1055.
Learys School District, Man.—Debenture Election.—A
Authority, vote of 20 to 8 at election held Oct. 29. Maturity part yearly
proposition to issue $2,000 debentures will be submitted to for 20 years.
.-I,--;
a vote, it is stated, on Nov. 16.
Stratford, Ont .—Price Paid for Debentures.—Wo are ad¬
Lethbridge, Alberta.—Debenture Sale.—On Nov. 2 $316,- vised that the price paid for the $7,000 4H% 30-year water¬
000 4 WL debentures were awarded, it is stated, to Wood,
works debentures disposed of on Oct. 19 to the Canadian
Gundy £ Co. of Toronto.
Debentures Corporation, Ltd., of Toronto (T. 91, p. 1283)
Lethbridge Protestant Public School District Ho. 51, was $7,030, or 100,428.
Albeit*.—Debenture Sale.—On Nov. 1 the $75,000 5% de¬
Watrous, Sask.—Debenture Sale.—On Oct, 22 the $10,000
bentures mentioned in V. 91, p. 1054, were awarded to
debentures mentioned in V. 91, p. 983, were awarded
5}£%
Wood, Gundy A Co. of Toronto for $75,856—the price thus to C. H.
Burgess A Co. of Toronto at 98.77. The bids re¬
being 101.141. Other bids received were as follows:
ceived were as follows:
'.l:. ;
W. A. MM9ennleA€»..TOr875.881 00 Nay A James, Resina....274,822 00
Brent, Vtxos A Co.. Toronto 28,228 Wood, Gundy A Co., Tor... 27,907
Tt»le Issue Is repayable in SO annual installments of principal and interest.
-
Domlntoo 9ee. On., To»__ 75,822 50 Aemlllus Jarvis Ado., Tor. 74,128 00
Canadian Dub. dorp.,Ter. 74,820 00 Brent. Nozon A Co.,Tor.« 74,011 00
Ontario 9m. Ou.. wont* 74,777 00 Hanson Bros., Montreal.. 71,250 00
Maturity fait yuSy fur 20 yuan
C. H. Burgess A Co., Toronto.29,877{Ontario Secur. Co.. Toronto.-29,707
R. C. Matthews A Co., Tor..* 9,755} Brent, Nozon A Co., Toronto. 9,811
Nay A James, Regina
—
9,7241 National Finance Oo., Regina. 9,599
Maturity part yearly for 29 years.
' V v-" * -
MISCELLANEOUS.
INVESTMENTS.
*
„
Reynolds, Watson & Co.
Mssidpal mi Csrporation Basis
We offer
a
very
exceptional
DRAINAGE BOND
•NETTING
400 TbE
Rookery
CHICAGO
Charles M. Smith A Co.
CORPORATION AND
■UNIOPAL BONDS
j
raUT VATIOHAL BAHK BUILDS0
0HI0AQO
FORREST Sc GO.
^
BANKERS
4S1 Chutaat St.. PHILADELPHIA, PA.
Municipaland
Corporation Bonds
,
7 Wall St.. N«w Y*rk
Railroad, Street Ry., Gas A Elec. Light
SECURITIES
MUNICIPAL AND RAILROAD
;
BONDS
LIST ON APPLICATION
SEAS0NG00D A MAYER
OIHOIlfMATI
1
1348
THE CHRONICLE
[Voi..
Srust ©ompratxies.
Chartered 18S8
Qxn&t ©jormpatxijes.
of lev Tod,
and 47 WALL STREET
CAPITAL,
$2,000,000.00
$13,856,570.83
SURPLUS AND UNDIVIDED PRORTS
This Company acts as Executor. Administrator. Guardian,
Trustee. Court Depository and In
reoognlsed trust capacities.
It allows Interest at current rates on deposits.
Xt holds, manages and invests money, securities and other
property, real or personal, for estates
serporations and Individuals.
-*‘;
r
■
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A.
EDWARDS, 2d Asst.Sec.
Manhattan
Trust
Company
Temporary Offices
TRUSTEES.
JOHN A. STEWART,
Gustav H. Schwab.
Frank Lyman.
James StUlma**
John Claflin,
John J. Phelps.
efeller,
B. Orr,
H. Maey Jr.,
D. Soane.
mxu.
Chairman or the xioara.
Lewis Cass Led yard.
Lyman J. Gate.
Payne Whitney.
Edward W, Sheldon.
Chaunoey Keep
Georfe L. Rives,
Arthur O. James.
William M. Kingsley.
WlUlam Stewart Tod.
Ogden mils.
Egerton L. Wlnthrop
Fidelity Trust Company
H3 BROADWAY
WALL STREET
CORNER NASSAU
NEWARK, N. J.
Resources Over $29,000,000
Capital, Surplus and Undivided Profits, Over $9,900,000
UNITED STATES
Acts as Executor, Trustee, Administrator and in all
fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles
of
Real Estate throughout Now Jersey.
MORTGAGE & TRUST
COMPANY
NEW YOKE
General
Banking and Savings Departments. Bond Department for
purchase and sale of municipal and public utility securities. Safa Deposit
-
Department.
CENTRAL TRUST COMPANY
of NEW YORK
54
Wall Street
CAPITAL.
$2,000,000.00
Authorized to act as Executor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on
r
Daily Balances.
Acts as Transfer Agent, Registrar and Trustee under Mortgages.
SURPLUS,
$4,000,000.00
Invites Personal and Business
Accounts. Acts as Trustee, Ex¬
ecutor, Administrator, Guard¬
ian
and
in
all
Fiduciary
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
Capital and Surplus, $18,000,000
(of which $17,000,000 has been earned)
■'
•S Cedar St.
IT way a TSrd St.
115 th St. ft 8th Ave.
Industrial Trust Company
Providence, R. I.
CAPITAL
SURPLUS
IS ,000.000
—
—
8.000.000
OFFICERS.
CHARTERED 1864
Union Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office: 425 Fifth Avenue, corner 38th Street.1
With Modern Safe Deposit Vaults
Capital SI,000,000
Surplus (earned) S7.737.000
ALLOWS INTEREST ON DEPOSITS.
Acts
us
Executor, Guard Ian, Trustee, Administrator and In all
Fiduciary Capacities
am behalf of Individuals, Institutions or
Corporations.
Cyrus P. Brown, President
Arthur L. Kelley. Vloe-President
H. Martin Brown. Vloe-President
Otto Everett, Vloe-Preeldent
Joshua M. Addeman, Vloe-President
Ward E. Smith, Treasurer
Ghas. H. Manchester. Secretary
H. Howard Pepper. Amt.Trees.
Frederick B. WUoox.Auditor
BOARD OF DIRECTORS.
Samuel P. Colt
Olney T. Taman
William R. Dupee
Richard A. Robertson
Joshua M. Addeman
James M. Scott
William H. Perry
Arthur L. Kelley
H. Martin Brown
George F. Baker
George M. Thornton
Cyrus P. Brown
Ohas. O. Harrington
Herbert N. Fenner
J. Milton Payne
Eben N. Littlefield
Otis Everett
C. Prescott Knight
Jesee H. Metcalf
John J. Watson Jr.
Charles H. Allen
John B. Brandi
William P. Chapin
Angus MeLeod
Ena Dixon
Howard O. Sturgis
Edward D. Pearce
Engiehart C. Ostby
Louis H. Comstock
BEADY ABOUT JANUARY 15
DlinoisTrast&SavmgsBank
CHICAGO
Capital and Surplus
$13,600,000
Hand-Book of Securities
January ltll Edition.
DESCRIPTION
INCOME
Price of Single Copier
PRICES
DIVIDENDS
...
To Subscribers of the Chronicle
Psyi Interest
Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and
Foreign Exchange.
Transacts a General Trust Business.
.
.
$1 OS
TS
on
CORRESPONDENCE INVITED.
The Hand-Book Is Issued to Bankers and
Broken with their cards lettered In gilt on the
outride cover On quantity) at special rates.
Commercial & Financial Chronic la
Front. Pine and Depeyster Sts.
THE CHRONICLE
Not, 121910.]
apr
Svnst ©ompattLes.
VWww»W*
The NEW ENGLAND
TRUST COMPANY
OLD COLONY TRUST COMPANY
BOSTON, HASS.
B(»Tpir»]U88.
Capital and Surplus
CAPITAL* *1,000,000
SURPLUS* 11.000.000
Safe Deposit Vaults
Authorised to act as Executor* and to reoelve
and hold money or property In trust or on deposit
fsem Courts of Law or Equity Executors,
Administrators* Assignees.
Guardians Trustees.
Corporations and Individuals.
Also acts as Trustee under Mortgagee
Transfer Agent and Reglstrar of Stocks and
and as
Bonds.
Deposits Subject to Check.
OFFICERS '
Interest allowed
on
DAVID R. WHITNEY. President
CHARLES F. CHOATE. Vice-President
ALEXANDER COCHRANE* Vice-President
NATHANIEL THAYER. Vice-President
JAMES R. HOOPER* Actuary
HENRY N. MARR* Secretary
■FRED. W. ALLEN, Asst. Sec. A Treas.
THOMAS E. EATON* Asst. Treas.
FRANCIS R. JEWETT* Trust Officer
CHAS. E. NOTT* Mgr. Safe Dep. Vlts.
BOARD OF DIRECTORS
William Endlcott. Chairman
James G. Freeman
Walter C. Baylles
Morris Gray
Alfred Bowdltch
James R, Hooper
8. Parker Bremer
Ernest Lovering
Timothy E. Byrnes
Charles 7. Choate
Henry H* Proctor
James
M. Prendergast
Alexander Cochrane
Herbert M. Sean
Philip Dexter
Lawrence M. Stockton
William Endlcott Jr.
Nathaniel Thayer
Francis W. Fabyan
William Farnsworth
Eugene V. R. Thayer
David R. Whitney
Frederick P. Fish
,
George Wtgglesworth
$12,500,000
-
'
DIRECTORS.
T. JEFFERSON COOLIDGB JR., Chairman Executive Committee.
GORDON ABBOTT, Chairman of Board.
FHANCIS n. HART. VUH-Ctiairman.
Charles F. Adams 2nd
F. Lothrop Ames
Philip Y.DeNonnandle
Philip Dexter
George A. Draper
Oliver Ames
C. W. Axnory
William Amory
Charles F. Ayer
John S. Bartlett
Frederic C. Dumaine
William Endlcott Jr.
Wllmot R. Evans
Frederick P. Fish
Samuel CKrr
B. P. Cheney
Reginald Foster
Henry O. Jackson
Col. Thos. L. Livermore Howard Stockton
Arthur Lyman ‘
Philip Stockton
Charles S. Mellen
Charles A. Stone
Laurence Minot
Galen L. Stone
Maxwell Norman
Hon, Richard Olney
nelus Tuttle
H. O. Underwood :-r
Robert T. Paine 2nd
Hon.TUreffersonCdolldge
SUM9.0M
HENRY G. BRBNGLB. President.
JOS. 8. CLARK, Vice-President.
OHAS. P. LINE AWE AVER. See. A Treas.
ADAM A. STULL. Chairman of Board.
DIRECTORS.
Hsnry G. Brengle,
James Crosby Brawn.
John Cadwalader.
B. W.ChrkJr.
Eckley B. Cess Jr..
Edwtn 8. Dixon
Eugene L. Ellison.
Joseph C. Fraley.
Hairy C. Francis,
Henry L. GawJr.,
J. Leveling Jonss.
Malcolm JJoyd.
John Mellhennj
Richard Wain
Oenat B. Newbold.
John W. Pepper.
William F. Rood.
Adam A. Stull.
Edward D. Toiand.
Joseph R. Watnwrtght,
Howard 8. Graham*
WUltam D. Wtnsor.
Samuel F. Houston*
Authoriml Roservt Agent for Trust
Comptnies in Maine, Massachusetts and Rhode I standi
Valley Trust C6.
Girard Trust Company. Mlnissippl
Fourth ft Pina Sts., St. Louis.
Capital and Surplus, $10,000,000
CHARTERED 1S36.
as
Executor, Administrator. Trustee.
CAPITAL. SURPLUS 1
and PROFITS,
Interest Allowed
_
Effingham B.
William
T. Elliott.
W. Hlnckle Smith*
B. Dawson Coleman.
Thee. DeWttt Cuyler,
C. Hartman Kuhn.
Janies 8peyer,
Broad and Chestnut Streets*
Boyle A Priest.
StMJrotetfJT*:
i* President Oarieton Dry Goods Os
a»
Murray
Charles Clark.
Horatio N. Davis, President SintthADavki MXg.Oe.
John D Davis, vice-President.
DavidR. Francis, Francis, Bio. A Co. *
S. E. Hoffman, Vice-President,
foeckinridie Jones, President.
Wn.Q. Lackey,Vice-President and Bond Offloes
W. J. McBride. V.-Pres. Haskell A Barker Car Oa
Nelson W. McLeod. Vloe-Presldent Grayson
MoLeod Lumber Co.
Seundere Nor veil.
Hardware Oo.
4
President
Norvdl-ShaplelgS
^otor^l.
O'RcBy, M.
D. Wm. D. Orthwetn
President
Grain’Co.
Hew^W, Peters. Prestdent.Feten Shoe Oe.
&
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
Knight.
Stephen O. Edwards,
DISCOUNT AND GUARANTEE SALES
aqEN^AN^OTHEM
CARRY NO GOODS FOR OWN ACCOUNT
WILLIAM RAY A CO.
JOHN E. WILLIAMS. Asst. SeC^r.
HENRY L. SLADER. Asst, So ‘
G. A. HARRINGTON. Asst.Tr.
Geo. H. M9Fadden &
Bro.,
COTTON MERCHANTS
PHILADKbPHU.
NKW TSBK,
-
GEO COPELAND A OO..
comm BROKERS.
d Cotton Exchange
New York.
CENTRAL
(Men for future delivery contracts executed on
TRUST COMPANY dm New York and Liverpool Cotton Exchanges.
R. H. ROUNTREE & 00.,
OF ILLINOIS
.
Uverpool Correspondennr
^
FREDERIC 58R8SA A OO.
Uraraeti Oorrespondents? ■
WARDEN BROTHERS A OO.
gene Correspondents;
SOOIETE DTMPORTATION BT DB COMMUTE
flnmmlanlnn
CHICAGO
$295009000
COTTON, GRAIN, PROVISIONS and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK*
CHARLES G. DAWES. President.
A. UHRLAUB. Vloe-Presldent.
GWATHMEY ft CO.
EDWIN F. MACK. Vloo-Preeldent.
COTTON MKB0HANT8
L. D. SKINNER. Aeet. Cashier.
WILLIAM W. GATES. Amt. Cashier.
MALCOLM MCDOWELL. Amt. Secretary.
WILLIAM G. EDENS. Aset. Secreta
JOHN L. LBHNHARp. Asm. Trust
UVK1XO, SAVINGS AMD TEU8T
DKPABXIOQVTB.
President Milwaukee Light Heal •
NEW YORK
General Offices, 67 Greene Street
Callender.
Frank W. Matteaon.
R. H. Ives Goddard Jr.
HERBERT J. WELLS. President.
EDWARD S. CLARK, Vice-President.
HORATIO A* HUNT* Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER* Trust Oft
CYRUS B. LAPHAM. Asst. SeCy.
V
Wilbur F. 1
James r
L. F.
Benjamin M. Jackson
-
rs.
Traction
©ottott.
John R. Freeman.
Charles S. Mellen,
Robert W, Taft,
Capital and Surplus
John I. Beg
Roila WcOs*
Edward Holbrook,James E. Sullivan,
Webster
Henry B. Coxe,
Edgar O, Felton,
Henry Tatnall.
Isaac H. Clothier,
Howard O. St urges,.
Rowland G. Hassid.
Nelson W. Aldrich,
Samuel R. Dorranoe.
Edw. T. Stoteebury.
Charles E. Ingenou.
John S. Jenks Jr.,
Francis 1. Gowen,
Geo. H. McFadden.
Robert H I. Goddard. Stephen O. Metcalf,
Lyman B. Goff,
DIRECTORS.
J. Berwind,
Mort£NA ^Edward
Randal Morgan,
John A. Brown Jr.,
John B. Garrett.
William H. Gaw,
DIRECTORS.
Edward D. Pearce,
Robert Knight.
John W. Danleison*
Herbert J. Wells,
as
W. N. ELY. 1st Vice-President.
A. A. JACKSON. 2d Vloe-Presldent.
O. J. RHOADS, Sd Vloe-Pres. and Treasurer.
E. 8. PAGE, Secretary.
SflWdhs:::::::::::::::::U3858
William B. Weeden,
Individual and
B. B. MORRIS. President.
PROVIDENCE, R. I.
iter R.
on
Corporation Accounts* a,
Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization,
Registrar end Transfer Agent*
Assumes entire dharge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
Acts
,640,000
FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED.
A GENERAL
Corporations.
.
Rhode Island Hospital
Trust Company
Royal O. Taft.
Eliot Wadsworth
Stephen M. Weld
Sidney W. Winslow
PRESIDENT. PHILIP STOCKTON.
■*'
Vice-Presidents. WALLACE B, DONHAM
Treasurer. FREDERIC G. POUSLAND
JULIUS R. WAKEFIELD
Cashier* GEO. W* GRANT
Manager Credit Dept.. ELMER B* FOYB.
Secretary* CHESTER B. HUMPHREY
Trust Officer. F. M. HOLMES
Assignee and Receiver.
CAPITAL
eathanlel Thayer
.
Financial Agent for Individuals or
503-505-507 Chestnut St.* Philadelphia
Philip L. Sattonstot
Herbert M* Sears
Quincy A. Shaw
George E. Keith
Gardiner M. Lane
George P. Gardner
Edwin Farnham Greene
Robert F. Herrick
Henry Parkman
Andrew W. Preston
Henry S. Howe
Richard s. Russell
Walter Hunnewell
Charles W. Whittier
T. Jefferson Coolidge Jr.
Charles E. Cottlng
Alvah Crocker
Acts
The Trust Company
of North America
.
22
Exchangs Place,
-
-
NEW YORK
ROBERT MOORE & CO.
M Beaver Surest. Now York*
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
EXCHANGES.
OOTTON PURCHASED TOR SPINNERS* USB.
Siegfr. Gruner & Co.
OOTTON BERCHANTS
17 South WUlhun Stmt,
NEW YORK.
Mason Smith
OOROX OOUISSIOR
NBWOBIBAWMA.
HEEPHISy THAN.
»t Cotton.
DALLAS* 90.
Ordws for Contracts
Orleans. New York*
Liverpool and Havra Markets.
sated in New
IV)
THE CHRONICLE
(Vok.
LXXXXI
gitumciftl.
-
■>
WOODWARD
& STILLMAN
COTTON
’
V,‘i
E. H.ROLLINS &SON8
Established 1876
HERCHAHTS
10 «• 22 WILLIAM
STREET,
NEW YORK
AMMtlCAJf COTTON OF ALL GRADES SUITABLB TQf WANTS OF SPINNERS.
bankers;
RAILROAD
MUNICIPAL
Negotiate and Issue Loans for Rail¬
Corporations.
Buy and sell Bonds suitable for
roads and Established
Investment.
PUBLIC UTILITY
BONDS
Established in 1856.
Henry Hentz & Co.
206 LA
ST, CHICAGO
COMMISSION MERCHANTS
16 to 22 William Street, New York.
Fiscal Agent for Cities and Corporations
List
Eaeeoute Orders for Future Delivery
At th* New
,,
on
Application
corroN
York, Liverpool and New
Cotton Exchanges.
Orleans
Also orders (or
j
COFFEE
At the New York Coffee Exchange
BOSTON
••k
GRAIN AND PROVISIONS
Chicago Board o( Trade and
GRAIN AND COTTON-SEED OIL
at the
At the New York Produce Exchange
Hubbard Bros. & Co.
COFFEE EXCHANGE BUILDINQ
HIGH-GRADE INDUSTRIE BONDS.
CHICAGO REAL ESTATE BONDS.
CORPORATION.jfrA RAILROAD BONDS.
NEW YORK
CHICAGO
DENVER
SAN FRANCISCO
SEND FOR CIRCULARS.
HANOVER SQUARE.
NEW YORK
COTTON MERCHANTS
Liberal Advances Made
on
PEABODY, ROUGHTELING & CO.
181 La Salle Street,
Cotton
Consignments.
*
Hopkins, Dwight & Co.
COTTON
and
COTTON-SEED OIL.
Room 62 Cotton Exchange Building.
NEW YORK.
A
CO., Limited, New Orleans,
LEHMAN BROS.
Nes.
18-22 William Street. New York.
Member* of the Stock. Cotton, Coffee
and Produce Exchange*, New York.
Ordeau executed
on
the above
Exchanges,
F. H. PRINCE & CO.
BOSTON, MASS.
GEO. H. BURR & CO.
HIGH-GRADE INVESTMENTS
BANKERS
COMMISSION MERCHANTS
LESBIAN. STERN
CHICAGO.
[Established 1S86 J
Commercial Paper
43 Exchange Place
New York
Chicago
Boston
Philadelphia
Mem ben of New York and Beaton Stock
Bxokangct
Sullivan Brothers
Co.
SL Louis
Kansas City
San Francisco
as well in
New Orleans, Chicago and foreign markets.
Stephen M. Weld
COTTON
& Co., Municipal
MERCHANTS,
82-92 leaven Street, - Hew York
City
BOSTON. PHILADELPHIA. PROVIDENCE
Liverpool, WELD A CO.
Bremen, ALBRECHT, WELD
A CO.
SMITH A HAYNE
Frank B. Hague (In Commendum)
Cotton Brokers.
COTTON EXCHANGE BUILDING.
HEW
ORLEANS, LA.
and Corporation Bonds
STREET,
on
preceding oage.)
gtaxttcial.
BONDS FOR INVESTMENT
The audit company
of New York
City Investing Building
IS5 Broadway, New York
(Established 18624
W. T. HATCH &, SONS
BANKERS AND BROKERS
71
Devitt, Tremble & Co.
FIRST NATIONAL BANK BLDG.,
CHICAGO
PHI LA. NATIONAL BANK BLDG.,
PHILADELPHIA
CHESTNUT STREET
PA.
Members!^
York Stock Exchange
l Philadelphia
CHICAGO
AND LIVERPOOL MARKETS.
—
PHILADELPHIA,
MUNICIPAL & COR¬
PORATION -BONDS
FOR FUTURE DELIVERY
EXBCVTED IN NEW ORLEANS, NEW YORK
(Other cotton cards
42T
Chas. S. Kidder & Co.
ORDERS
;
BONDS
FIRST NATIONAL BANK BLDG..
CHICAGO
182 LA SALLE
&
Broadway,
-
New York
MEMBERS OF
NEW YORK STOCK EXCHANGE.
HOLLISTER, FISH & CO
BANKERS
Members New York Stock
Exchange
Investment Securities
Nassau &. Pine Streets, N. Y
Tele shone 8T80 Cortland.
Haw Tork Life
Audits and examinations.
Appraisals of values of lands, buildings,
i,
machinery, etc.
Financial and cost systems of accounts.
FIRST NATIONAL BANK
.
RICHMOND.
H. T. HOLTZ & CO.
-
$2,000,000
JOHN B. PURCELL. President
JOHN M. MILLER JR.. V.-Prest. & Cashier
FREDERICK E. N<ING. 2d Vloe-Prest
Correspondence Invited
116 BROADWAY
Member* New York Stock Exchange.
MUNICIPAL AND
CORPORATION BONDS
United Bank Note Corporation Stocks
Correspondence Invited
DICK BROTHERS 6, CO.
VftftGINIA
Capital and Earned Surplus,
DominicK SDominicK
Building, Chicago
171 LA BALLS STREET. CHICAGO
BANKERS AND BROKERS.
SO Broad St..
New YoA
Member* of N. Y. and Phliv Stock
Exchange*
New York, New Onean* and LIveroool Cotton
Exchanges. New York Coffee Exchange
and Chicago Board of Trade.
.
@FedFRASER