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IN C L U D IN G
Bank and Quotation Section (M
onthly)
Railway and Industrial Section (Quarterly)
Entered ac« ordmg to A t of Congress, tu the year 1906, by
A weeim .ew |.H
H i»pr eutered *» Pos' Office, New v .rk ^
t
W illiam
-pi
State and City Section (semi -Annuallyj
Street Railway Section (^wiT63)
B. D ana C o m pan y In the offloe of Librarian of Negress, Washington, D. C
u rter— W illiam B. D a n a Co m p a n y , Publishers, 76^ Pine St., N. Y.
>
SATURDAY, NOVEMBER 17, 1906.
VO I
e ClmntitXe*
1906.
i
Terms of Subscription— Payable in .Advance
For One Year ............................................................................... ............. .$10 00
For Six M onths.............................................................................................
0 00
Enroi>can Subscription (including postage)............................................ 13 00
European subscription m x months (including postage)....................... 7 50
Annual Subscription in London (including^icstage)............................ £ 2 14s.
Six Months Subscription in London (including postage)..................... £ 1 11 s.
Subscription includes following Supplements—
B nxk and Quotation (monthly)
I S ta t e and C it y (semi-annually)
R a il w a y and in d u st r ia l (quarterly) |s t r e e t R a il w a y (3 times yearly)
Terms of Advertising— Per Inch Space
Transient matter per inch space (14 agate lines)..................................... $4 20
( Two Months
(S tim es)........................... 22 00
St i i u l i n a - B n C a r d s Three Months(13 tim es)................................ 29 00
Standing .Business earns s ix Months
(26 tim es)........................... 50 00
,Twelve Months (52 tim es)..............................87 00
CHICAGO OFFICE—P. B arnett,513 M onadnockBlock; Tel. H arrison4012.
LONDON OFFICE—Ed warns & Smith, 1 Drapers’ Gardens, E. C.
B. D /N A
C O M P A N Y * P u b lis h e r s ,
P in e S treet, C o rn e r o f P e a r l S tre e t,
P ost Office B o x 9 5 8 .
NEW Y O R K .
CLEARING HOUSE RETURNS.
The following table, made up by telegraph, &c., indicates
that the total bank clearings of all the clearing houses of
the United States for the week ending to-day have been
$3,403,816,719, against $3,873,113,445 last week and
$3,312,693,158 the corresponding week last year.
Per
Cent.
Clearings—Returns by Telegraph.
Week ending November 17.
1906.
1905.
New Y o r k _________________________
Boston____ ___ ___________ _ ___
Philadelphia .............. ....... ....................
Baltimore__ __
. . ____
Chicago________ _____ __
St. L o u is__ ____ ___
__
New Orleans __ _
__ ________
$1,792,397,919
158.613,451
135,726,713
26,762.992
212,244,425
59.737,686
22,656.088
SI,789,337,521
141,793,808
140.200.578
28,166,175
190,291.943
61,739,478
24,702.293
+ 0.2
+ 11.9
—3.2
—5 0
+ 11.5
—3.2
—8.3
Seven cities. 5 days. .......... ................
Other cities, 5 days .... ........ ..........
82,408,139,274
409.927,684
$2,376,231,796
400.246.928
+ 1.3
+ 2.4
Total all cities, 5 days______________
All cities. 1 day. _
...... ....................
$2,818,066,958
585,749,761
$2,770,478,724
536,214,434
+ 1.5
+ 9.3
Total all cities for week____________
$
$3,403,816,719
$3,312,693,158
+ 2.7
The full details for the week covered by the above will be
given next Saturday. W e cannot furnish them to-day,
clearings being made up by the clearing houses at noon on
Saturday, and hence in the above the last day of the week has
to be in all cases estimated, as we go to press Friday night.
W e present below our usual detailed figures for the previous
week, covering the returns for the period ending with Satur
day noon, November 10, and the results for the corresponding
week in 1905, 1904 and 1903 are also given.' Contrasted
with the week of 1905 the total for the whole country shows
a loss of 3 .6 % .
Outside of New York the increase over
1905 is 3 .2 % . '
Clear ings a1—
New York..........
Philadelphia . .
Pittsburgh..........
Baltimore__ ..
Buffalo......... ..
Washington
Albany.. . . . . .
Rochester..........
Scranton . . . . .
Syracuse___ ___
Wilmington.
Reading ...........
\ ilkes-Barre .
V
Wheeling .. .
Greenabling . .
E rie....................
Chester.............
Binghamton . . .
fran klin .........
1•
T Total Middle..
Week ending November 10.
Clearings at—
PUBLISHED WEEKLY.
W IL L IA M
NO. 2160.
Week ending November 10.
Inc. or
1903.
Dec.
1906.
1904.
1905.
n
8
$
8
%
1,769.139.281 1.909.512,158 — 7,4 ! ,614.801.652 1.202,441.304
132,84},449 132.905.968 —9.05 114.697.459 104.156.953
4* .209,042
48,487.580
—0.6
44.469.357
38.427,014
26,777.614
21.927.646
26.722,1 47
22,224.782
+ 0.2
7,698.995
7,483.670
+ 2.9
6.138,618
6.979,120
5.844 844
4.186.250
+ 5.2
5.558,488
4.837.639
'•257.567
2,747.984
4.935.465 + 26.8
3,897.319
3,855.277
2.792,126
3,468.772 + 1 1.2
3,032.417
1.998.529
1.826.412
J ,760 554 + 15.5
J .500,896
1 854.404
1.439.658
1.432.768
1,726.585
+ 7.4
1.197.530
J.168.215
907.848
1.237.937
+ 2.5
1.226.802
+ 6.6
1.160.293
1.015.735
1 021.722
870.760
000.186
963.684
+ 6.0
1 091.390
815.086 + 33.9
662,098
674.536
683,137
531.81 I + 28.6
500.172
534.425
528.516
487 920
491.804
+ 8.3
355.974
49! 613
474 192
+ 3.7
500,828
395,974
470.200
432.000
473.800
425.300 + 10.6
300.000
303.223
221.774
216.877
— 11
2.011.500.912 2,148.892.111
—6.4 1.822.397.242 1,393.015.214
1905.
s
8
Inc. or
Dec.
%
i
1904.
8
136.585.951
7,087,60! >
2.702.132.025.05.' ;
1.366,52*
1,737,45*
1,314,281
701.577
500,8 If
559.80C
515.91 f
155,097,126
181,446,674 |
23.426.90C
I3.285.50C
10,813,301
8.152,496
6,645,507
5.483,500
3,256,604
3.349,872
2.00S.524
1,632,27
1.526.405
851.770
811.895
1903.
.
S
140,270,963
7,373.100
2.492,054
1,807,498
1,551,653
I.643.911
975,018
1.150,783
633,000
838,069
451.450
159,188.108
182,328,285
21.888,450
14,888,231
11,379,571
9,329.050
6,001,421
4,351.500
3,405,462
3,348,654
1.904.797
1.800.076
1,269,056
748.686
637,747
Boston _______
+9.:
166.997.695 153.126,851
Providence _____
6,739 -90(
8.474.80C —20.c
Hartford_____
4.047.588
3.285,801 + 23.1
New Haven____
2.431.427 — 1.£
2.395,098
Springfield_____
2,262,826
1,421,55f + 59.1
Portland______
1,708.39*
2.205.88c —22.;'
Worcester_____
1,466,241
+ 3.£
1*389,591
Fall River_____
1.218.928
963.954 + 26..:
Lowell _______
522,727
561.346 —6.S
New Bed lord___
702.107
819,46< — 14.3
504.544
Holyoke........ .....
497,605
+1
Total New Eng
188,566,04£ 175.178,296
+ 7.C
Ch icago__ _____
211,414,5.65] 211,643,103 —0.1
Cincinnati _ __
25,471,7001 22,242,900 + 14.5
Cleveland_____
15.935.524;
13,612.027 + 17.J
Detroit. ______
12.286.115!
12.463.163 — 1.Milwaukee____
10.543.801
9.710,943
+ 8.6
Indianapolis___
7,963,601
8,099,955
—1.7
Columbus_____
5.562,400
4,439,106 + 25.3
Toledo________
4,100.850
3,834,731
+ 6.9
Peoria________
3,121.604
3.456,431 —9.7
Grand Rapids__
2.157.491
2.329.155 — 7.4
2,113,253
1.761,022 + 20.0
Dayton _______
Evansville _ ___
•
1,925,771
1,603.917 + 20.1
1.036,880
929.200 + 11.6
Kalamazoo _____
Springfield. Ill _.
762,745
771,935 — 1.2
886,592
Fort Wayne. _ .
964.996 — 8.1
478,878
Youngstown___
658,290
581,163 — 17.6
729,291
Lexington ____
617.417
599,382
479.599
+ 3.0
564.115
700.123
570.100
Akron _ _______
504,200 + 38.9
930.000
Rockford _____
579,363
446.208
530,075 + 9.3
562,598
429,521
Sorngfield. 0___
393,767
412,564
+ 4.J
403,591
Bloomington__
482,888
466,718
+ 3.9
389,304
345,206
Canton.... .........
502,287
440.942 + 13.9
496,934
588,057
South Bend.
537,37.5
484.975 + 10.8
Quincv _ ____
482,809
424.410 + 13.8
431,881
388,434
279.956
361.346 — 22.5
Mansfield_____
219.171
261,379
Decatur_______
348,644
346,335
234.797
295,716
+ 0.5
187,313 + 13.9
Jacksonville__ .
213,175
267,464
194,015
Jackson
____
239,884
268,635 — 10.7
224,399
194,866
158.170
Ann Arbor_____
139.172 + 13.7
116.045
96.747
Tot. Mid.West. 311,333,442 303,610.308
267,625,361 268,S95,00i
+ 2.5
San Francisco. _.
39,070.946 + 19.6
30,755.963
46,734,085
30.475,829
Los Angeles____
10.656,675 + 16.6
12,430.241
7,181.994
7,104,948
Seattle _______
10,801,073
7,193,910 + 50.2
5.029,007
4,511.420
Portland______
6,933.800
5,817,993 + 19.2
4.918.154
4,396,948
5.687,222
Sail Lake Oitv__
5.258,529
+ 8.2
3,694,093
3,630,278
5,560.524
4.229.082 + 31.5
Spokane_______
3,079.275
2,870,950
Tacoma _ _____
4.346,650
2,768,626
4,065,543
+ 6.9
2,307.430
Helena _ _
776,356
935-680 — 17.0
673,552
501,544
Fargo -. _____
795,127
845,212
932,640
1,113,150 —28.6
Sioux Falls____
322,652
461,610 + 17.7
543.351
337,777
Oakland. _______
3,229,263 Not included in total
San Jose _
340,361 Not included in total
Total Pacific-.
94,COS,929
78,803,138 + 20.1
59,355,956
56,982,336
28,539,562
Kansas City _.
28,237,069
24,458,823
23.338,606
+ 1.1
22,442,132
Minneapolis____
26,816,659
28.352,617 — 5-4
21.225,043
Omaha ..............
7.724.135
7.761.107
9.850,000
9,133,563| + 6.8
7,042,121
St. Paul_______
9.989,362
8.232,550
9,080,015 + 10.0
Denver________
6.251.179 + 12.3
4.811,779
7.022,143
5,523,901
St. Joseph_____
5,368,344 — 12.S
4.325.186
4.680.803
4,979.869
Des Moines
3.092,592 — 7-7
2,109.830
2.855.941
2,610,340
Sioux City_____
1.261,003
2.149,676
2,049.743
+ 4.9
1,436,984
Wichita _ _
1.050,866
775,187
1.142,842
1.058.168
+8.1
795.789
Davenport_____
1.106,890
1.061,448
+ 4.2!
1.019,528
Topeka _
756.636 + 47.3!
1.105.790
1,517.297
1.114,475
Colorado Soring?
803-607 —28.1
506,224
576,634
447.048
397.406
662,038
Cedar Rapids. 594.048 + 14.4
Pueblo ____
418.192
499.645, + 2.1
510.000
Fremont............
164,262
289.740
242.759' + 19.4
151.176
1.249.638 Not included in total
Lincoln _ _ _ _ _
78,613,538
Tot. 0tl).West97.306-765
96,581,433 j +0.8
79.018,636
59,510,329
St. L ou is___
61.535.821
—5.8
53.662,240
57.942,751
28.496,646 — 15.3
20.771.599
22.811.570
New Orleans___
24.118.882
11.686.715
10.882.019) + 17.1
9.786.724
Louisville____
12.741,869
12.438.933 + 10.5
7,538.108
10.071.227
Houston
13.745,789
8.285.500
7.126.500
6.178,000
Galveston_____
8,911.500
+ 7.6
7 950.092
Memphis
9.851.703 — 26-1
7.279.295
7,424,499
5.205.342
4.409.842
Savannah
_ __
S.113.313! — 17.1
6.724.483
5.051.127
5.523.632; + 8.9
Richmond _____
4.934.817
6.016,813
2.718.510
3.488.903
Atlanta
5.828.002
5.585,228( + 4.4
2.786.369
Nashville
3.589.234
3.453,521
+ 1.0
2,480.848
Fort Worth _ __
2.364.466 + 15.6
3,990.365
2.115.964
1.833,334
3.169,113 —23.6
1 859.309
Augusta
2.421.624
Norfolk .
2,049.361
2,202.104
2.705.001
2.824.865
+ 4.5
1.998.120
1.486.794
Birmingham .
2.1 11.113
+ 5.7
1.356.888
Litt le Rock _.
1.463,262
1.869.033 + 16.0
1.625.607
2.166.210
1.535.450
1.412.837
Charleston
1.685.914
1.741.994 —3.2
836.868
1.513.4.58
719.859
1.682.698 —10.1
Chattanooga
Mobile*
1,468.927 + 47.3
2.163,550
751.290
997.066
Jacksonville _ _
1.101.029
1.303.215 — 12.6
1.162.044
968.013
Knoxville _
1.259.434 + 13.4
1.427.758,
679.798
■Q 000
?
Macon
951 .644
814.434 + 16.9
316.506
—
450.000}
Columbus. Ga_..
472.253
- 4.7
Total Southern 169,797.349i 170,052,004 - 3.0 146,380.805 139.375.210
Total all
1.783.113,446 2.979.117.200 —3.0 2.529.470.028 2.000.374.505
Outside N. Y
+ 3.2 914,668.376 894.033.141
.103.974.165 1.069,605,132
Canada
25,252.281
Montreal
+ 8. l !
28.040.627
32.161,004
34,759.661
19 205.138
Toronto
31 .130.296
15.593.234
24.305.412! + 27.8
Winnipeg
8.056.295
7.293.667
14 968 .033
11.495.702 +30.2
2.405.948
3.467.219
Ottawa
3.094.8771 + 4.3
3.228,009
Oueher
1.924.516
2.022.600
2.332,254' + 5.8
2.468.306
1.705.328
1.934.551
Halifax
2.147,798 —6.9
2.000.000
1.696.681
1.485.928
Vancouver . .
3.443.510
1.975.0311 + 71.3
1.355.419
1familton
+ 9.7
1.616.301
1.107.440
1.773.147
1.262.195
1.343.706
1.000.732
<1. John
+0.9|
1.355.303
854.438
London
1.123.392
1.145.820 + 20.3
1.378.170
1.004.9401.016.116
Victoria ______
806.205
971.725
Calgary.............
1.300.969 Not Included in total
Edmonton .
696.960 Not Included In P'toi
Total Canada
82.650,5901 + 18.0
67.889.739
50.720.301
97,515.093
1 194
T H E CHRONICLE.
THE FINANCIAL SITUATION.
Secretary Shaw has been reported through Washing
ton telegrams, and later through interviews wtyle he
was in New York,as saying that he saw no present
need of going to the assistance of the money market;
that unless conditions changed materially he will
adhere to his intention neither to refund nor to buy
bonds, nor to increase deposits in banks. As money
here touched 20% Monday, 14% Tuesday and 9%
Wednesday on call, and has been ruling all the week
from 6% to 8 % on time, it has been the more general
view in Wall Street that the occasion has afforded a
pressing opportunity for disbursing any surplus funds
which might be held in the Sub-Treasury. It being
admitted that $25,000,000 or more was thus held off
the market, it seemed to be a case in which the will
of Mr. Shaw did not accord with a just estimate of the
conditions.
Those who held to these views most firmly, also be
lieved that money in any event was sure to be plentiful
not long hence, possibly averaging 4 % or less on call
soon after the turn of the old year. W e presume the
hesitancy of the Secretary arose largely out of a
difference of opinion with reference to this last par
ticular point.
He had no assurance that the time
of plenty was so near an event unless these high
rates here should continue and draw money from the
interior as they have begun to do. Doubtless the
Government ought to use great care not to be instru
mental in increasing the monetary tension in any
degree. So far as its income is at the moment in
excess of its ougto, it ought to place the surplus in the
depositaries of the cities from which it has been taken.
If it is not possible to flush the channels of commerce
with'currency, it is at least possible not to intrench
upon reserves, especially when so nearly exhausted as
at present. That should be an imperative mandate
of the Sub-Treasury law, as has been so often shown
and generally advocated. According to the Govern
ment’s daily reports it appears that the cash holdings
in Government Sub-Treasuries were on November 1
1906 a total of $174,029,969, while on November 15
the same total was reported at $185,309,848.
Those figures apparently indicate an increase in the
two weeks of nearly $11,000,000, all at the expense of
the money market— a withdrawal of cash at a period of
extreme tension which-should not be allowed to occur.
But this item happens to be small in amount and
hence of small moment were it not for the critical
character of the cash holdings in our clearing house
institutions. Previous accumulations are much larger
and it was those that the Secretary was asked to dis
burse and which he refused to do. We can imagine
several reasons which have led him to the delay he
has shown. Chief among them, probably, is the wide
disturbance in active capital not only in America but
more conspicuously in Europe and the great uncer
tainty existing at the moment respecting the future
of money in all foreign centres of trade. Should the
Bank of England put up its minimum rate to 7 % ,
which at recent moments has seemed to be imminent,
the crisis even here might become quite acute. An
other fact which has influenced him may quite likely
be the inadequacy of his surplus money holdings to
satisfy demands. Speculation all over the country is
so rife that every attempt to respond to the require
<>]
L * X XIII.
ments seems wholly ineffectual. We noted last week
the very slight mark left anywhere by the Secretary’s
effort to put out the new issue of $18,000,000 of bank
notes; whatever part of it has been put out has been
absorbed, having disappeared like water spilt upon the
ground in time of drought. Note also the immense
additions during the past twelve months to our cur
rency afloat, all of which has gone out of sight. The
total afloat on the first of November this year was
reported at $2,866,882,786, against a total November
1 1905 of $2,653,131,578— an increase in the twelve
months of very nearly $214,000,000; and yet where is
this vast sum? Swallowed up and lost in the vast
speculations and in the high prices of all stocks and
commodities in the land. W e can hardly wonder that
Secretary Shaw, who in the past has been such a firm
believer in the efficacy of his Treasury outflows of
currency, should shake his head and throw up the
sponge over letting out his last few millions (25 mil
lions or more) he has of loose accumulations.
Our railroad managers present a somewhat sorrylooking company as they come up hesitatingly, one
after another, to respond to the call from their em
ployees for an advance in wages. We were sure the
roads would all fall in line, as they seem to be doing,
after the Pennsylvania had started the movement,
although every one of them is burdened at this junc
ture with abnormally heavy improvements in progress
to keep the road astride of the expansion in productions
the country is making. Even after all that has been
appropriated for such purposes from earnings and
borrowings during the years of prosperity, crops at
the moment are claimed to be taxing their ability to
handle business to an extreme which is disclosing a lack
of cars, insufficient terminal facilities, etc.; there has
been no very disturbing lack. Occasional hitches are
inevitable when the yield is large and the agents human.
Cars and trackage when crowded with traffic have to
be worked with the utmost skill to avoid friction.
Railroads, however, are never finished. Crops are
only one of the many conditions they must be kept
tuned up to.
The roads were . never so capable as now to
meet the demands of the country, and this has been
secured as one of the fruits of the prosperity they have
enjoyed. It is only right that labor should have a
share in this prosperity. Nevertheless, it is going to
prove especially difficult at this time to grant the
demand. That is so for several reasons. What we
have said above suggests them in part. The industrial
progress has not only induced larger than ordinary
outlays but has encouraged the roads to enter upon
improvements which in many cases anticipate the
wants of years to come. Suddenly the money market
everywhere shuts out -easy borrowing. Likewise, al
most concurrently, net earnings show evidences of
shrinkage, although gross revenue keeps up at record
volume. This loss in net is due to higher fixed
charges (largely on account of borrowings which have
been spent in perfecting the property) and to higher
prices for all materials going into the cost of railroad
operations. Under these circumstances material addi
tions to the item of wages trench fui’ther and to a
grave extent on net earnings. The end of such a
situation looks like forced economies in general expen
ditures which would tap a chief source of business
Nov. 17 1906.]
T H E CHRONICLE
(195
activity. For there seems to be no opportunity for money was more freely offered by all institutions, con
railroads to increase their price of what they have to tributing to more normal conditions.
sell, although every other producer enjoys that privi
An agreement has been reached quicker than the
lege.
most sanguine had dared hope for in the conference
In an extract from an address of the President of held this week between the Committee of the American
the Southern Railway, Mr. Samuel Spencer, at Mont Bankers’ Association, especially appointed for the pur
gomery, Alabama, which we find in the “ New York pose, and the Currency Committee of the New York
Times” of the 15th inst., we note some striking in Chamber of Commerce. The result is a joint plan for
stances of advances in the costof railroad supplies, &c., the amendment of our currency and treasury laws
mentioned, the comparison being between 1906 and which is to have the support of both committees.
1896. He says that instead of $9 per 1,000 feet for According to the newspapers, the plan is also concurred
bridge and shop lumber in 1896, the. cost is now $16 in by Congressman Charles N. Fowler, the Chairman
to $20 or more; instead of $18 per ton for steel rails, the of the Banking and Currency Committee of the House
cost is now $28 to $29; instead of $11,000 each for loco of Representatives; and it is even claimed that it has
motives, the cost is now $16,000 to $20,000 or more; been approved by the Secretary of the Treasury and
instead of $475 for box cars, the cost is now $S00, and the Comptroller of the Currency who were present at
so on through the long list of necessary railroad pur the conference. In any event, the plan will have
chases. Increased taxes have also added substantial unusual backing and support, and on that account,
burdens to the carriers. The taxes of the Southern it would seem, will have better chances of success than
Railway Company per mile of road have been in any plan that has been previously presented for the
creased since 1898 more than 40% . Coupled with consideration of the National Legislature. It em
these increased expenses, there has been a constant bodies a number of good features, though evidence of
reduction in rates, and to-day, Mr. Spencer adds, the its being a compromise measure is apparent, and hence
percentage contributed by transportation rates to the it can hardly be claimed to be entirely satisfactory
cost of whatever the people consume is much smaller in all respects. In dealing with the subject of a credit
than ever before in history, and smaller in America currency it discards one feature of the plan submitted
than in any other country in the world. And yet the by the Federal Legislative Committee of the American
loudest cry that is heard to-day from the public voice, Bankers’ Association at the recent annual convention,
and the most persistent demand from every quarter, is which to us seemed objectionable, namely that the
for an enforced reduction in railway charges. Is it not issue of the additional notes should be dependent
apparent that if there is to be a continual increase in upon the volition of a Government commission. We
the unit of expense, with a continual decrease in the think that regulation of the volume of the circulating
unit of revenues, the financial strength of the enter medium should not be left to the discretion of any
prise cannot survive indefinitely? What has sustained Government agency but should rest entirely on the
the carrier thus far has been increase in the volume of laws of trade—-Congress providing simply proper safe
traffic contributed to by economies in operating ex guards and restrictions.
penses.
The present compromise plan is evidently designed
to provide for automatic action of this kind. Whether
While discounts in Europe were tense and money it will work in precisely that way is a matter for dis
here was maintained at firm rates, an important an cussion and deep thought. The banks are to be al
nouncement , indirectly contributing to relief at London lowed to issue additional notes secured upo'n their
and in this city, was the decision by the Credit Lyon credit to the extent of 40% of their bond-secured
nais and by other private banks of Paris to establish circulation, but not to exceed 25% of the capital
a rate of 4 % for Ametican two-name bills and of 3% of the bank. Upon'this they are to pay a tax of 2 ^ %
for commercial acceptances. This course, by provid per year. They are also to be allowed to issue an
ing a market for such bills in Paris, tended to relieve additional amount of credit notes not exceeding in
the pressure of applications for discounts thereof at the aggregate 1 2 ^ % of the capital, upon which ad
London and, in turn, by offering facilities for renewed ditional 12j/£% they are to pay a tax of 5 % per an
American borrowing of foreign capital, afford relief num. The total of-th e credit notes and the bondto our local time money market. Since Wednesday secured notes is never to exceed the capital of the
the tense monetary conditions prevailing here were also bank; in- other words, is not to exceed the amount
to some extent ameliorated by the loaning on call authorized by existing law. It is not proposed to have
and on time by Western banks of some remittances of any part of the assets of the bank specially pledged
cash and also of their New York balances. A further to secure the notes or hypothecated with any outside
favorable feature was made of the announcement on authority. No bank is to be permitted to issue the
Tuesday by the Comptroller of the Currency of a call new notes unless it has a surplus of 20% , nor can a
for reports of the condition of national banks as of bank issue these credit notes except it has been in
Nov. 12. Such call had been expected, and prepara operation for one year. A guaranty fund to redeem
tions in anticipation thereof had been made by these the notes of failed banks is to.be provided out of the
banks. Not only was this situation previous to the taxes to be paid upon the credit notes, but to guard
call an obstructive feature in the money market, but against the possible contingency that this fund might
the trust companies also, in expectation of a similar be insufficient at the start, it is proposed that a bank
call by the State Superintendent— which was issued on applying for the new currency shall at once pay into
on Thursday— had accumulated cash from their banks the Treasury 5 % of the amount applied for. this to
in order to make a good reserve exhibit. Consequently constitute a special fund, the amount so contributed,
upon the announcement of the Superintendent’s call however, to be ultimately returned to the banks—
1196
T H E CHRONICLE.
that is, when the Guaranty Fund itseif reaches an
aggregate of 5% . A further provision is that the same
reserves shall be carried against credit notes as are now
required by law to be carried against deposits, namely
25% in reserve cities and 15% in country banks.
This last is an anomalous feature, and the reason for
its incorporation is not at all plain.
It will be observed that it is intended to throw
various safeguards around the issue of the new notes.
The main point as to which doubt will occur is whether
the proposed arrangement, with the taxes imposed,
will secure such automatic action— such contraction
and expansion in the volume of the notes— as it seems
to be thought it will have. The theory upon which
the issuance of the new notes is based is that in the
autumn when the demand for currency for cropmoving purposes arises, these credit notes would serve
in great part to meet such requirements and that
hence the banks could retain their reserves at home
instead of making shipments out of the same to the
interior sections of the country. It is urged that when
the new currency has served its purpose in this way,
the notes will return and because of the tax imposed
will be retired. It is precisely this point that is a
debatable one. Would a 2% % tax suffice to effect
the retirement of the notes? As it is proposed that
the banks in the reserve cities,shall hold a reserve of
25% against the notes and the country banks a re
serve of 15% , there would be available for loaning
purpose a net amount in the one case of 75% and ip
the other of 85% , making the net cost to the banks
(under the 234% tax) 3 1-3% in the first instance
and nearly 3% in the other; but would such a charge
act as a sufficient deterrent against keeping the notes
out. We need not urge that in many of the remoter
sections of the country 5 and 6 % interest rates are
by mo means unusual— leaving therefore a considerable
profit in retaining the notes in circulation—-and even
in this part of the country we are becoming not un
accustomed to the same interest rates. If unfortu
nately the notes did not come back as expected, would
not the effect simply be the throwing of $200,000,000
to $300,000,000 -more of circulating media into the
maelstrom of speculation— an obviously undesirable
result. According to the return of the Comptroller
of the Currenc}^ for Sept. 4 1906 the total of the out
standing capital of the national banks was $835,066,796
and the aggregate of the notes outstanding at the
same date was $517,964,511. Whether we make the
computation on the basis of 25% of the. capital or
40% of the circulation, we would get in either event
an addition of over $200,000,000 to the volume of the
notes. To our mind the provision in the plan of the
Chamber of Commerce Committee on the same point
is much the more preferable. This provides for a
graduated tax rising from 2 % upon the first 5% of notes
to 6 % upon the last 10% , a total of 35% of new notes
(reckoned on the capital) being allowed altogether.
One other: feature of the compromise plan remains
to be mentioned. It contains full provision for re
moving the Treasury as a disturbing influence in
affairs. All public moneys above a reasonable work
ing balance, from whatever source derived, are to be
currently deposited from day to day in national banks
without requiring collateral security or special guaranty
therefor, but in no case is the balance carried with any
bank to exceed 50% of its capital. It is required
[V O L . LX X X III.
furthermore that all banks receiving such public mon
eys on deposit shall pay into the United States Treas
ury interest thereon at the rate of 2 % per annum.
Iron production in the United States is now again
increasing, but not by any means at a rate sufficient
to meet current demands. According to the records
kept by the “ Iron Age” of this city, the coke and an
thracite blast furnaces of the country reached in Octo
ber a new high mark in their output of pig iron, hav
ing produced a total of 2,198,808 tons. This e x
ceeds by 31,000 tons the make of iron last March,
which previously held the high record with an output
of 2,165,632 tons. The product of 2,196,808 tons for
October compares with 1,970,982 tons for September
and 1,926,736 tons for August. Adding the output
of the charcoal furnaces of the country, about 35,000
tons a month, the total for October is raised to above
2,230,000 tons, a rate quite in excess of 26,000,000
tons a year. It is rather noteworthy, too, that the
weekly output has now for the first time reached half
a million tons, the capacity of the active furnaces
Nov. 1 being reported 500,580 tons per week. This, also,
it will be seen, is in excess of 26,000,000 tons a year.
The previous high point was 484,240 tons per week
April 1. On Oct. 1 the weekly capacity was only
469,665 tons and on Sept. 1 but 441,426 tons. And
yet in face of these marvelous figures of production
there is a scarcity of iron, our contemporary says,
all over the country, and foreign iron is reaching our
shores in many cargoes every week. The “ Age” says
a considerable number of cargoes of foreign pig iron
have been purchased abroad for American account and
the market is taking the metal freely. Furthermore,
a disposition is developing to buy foreign iron for for
ward delivery. Thus far, we are told, there are no
indications that the rise in the price of iron has in any
way curtailed consumption.
The Department of Agriculture at Washington has
this week issued the preliminary returns on the produc
tion of corn the present year, and the figures are nota
ble as indicating an even greater aggregate yield than
the large totals which have been current. The figures,
of course, are subject to revision and correction when
the final estimates are made, toward the close of the
year, but they may be accepted as sufficiently close to
the actual results to serve as a basis for showing what
a phenomenally favorable year 1906 has been. The
yield is estimated at an -average of 30.2 bushels per
acre as compared with 28.8 bushels in 1905, 26.8
bushels in 1904 and a ten-year average of 25.2 bush
els. On this basis the aggregate yield figures out
2,881,000,000 bushels. This is a full 100,000,000
bushels larger than the indications seemed to point to
a month ago, and compares with 2,708,000,000 bush
els last year, 2,467,000,000 in 1904 and 2,244,000,000
bushels in 1903. W e need not repeat what we have
said on previous occasions, that the wheat crop has
also been much larger than that of last year, though
the oats crop falls about 90,000,000 bushels short of
the exceptional yield of 1905. It appears, too, from
the present report that the potato yield has also been
unusually good, averaging 102.5 bushels per acre,
against 87 bushels in 1905, 110.4 bushels in 1904 and a
ten-year average of 84.4 bushels. The hay yield
has not been quite up to the average, being reported
NOV. 17 1906.]
T H E CHRONICLE.
at 1.35 tons per acre,, against 1.54 tons in 1905, 1.52
tons in 1904 and a ten-year average of 1.44 tons. Al
together the harvests have been unusually bounteous,
a fact which lies at the foundation of the present ex
tremely prosperous condition of trade.
There was no change in official rates of discount
by any of the European banks this week; compared
with last week unofficial or open market rates were
34 of 1% higher at London, % of 1% lower at Paris
and l i of \% higher at Berlin and Frankfort.
/
The most notable feature of the statement of the
New York Associated Banks last week was the reduc
tion in the surplus reserve by $4,563,900 to $1,514,125
deficiency; this was the result of a decrease of $8,831,300 cash and of a diminution of $4,267,400 in the
required reserve. Loans were contracted $7,292,700
and deposits decreased $17,069,600.
Influenced by the above-noted reduction in the
bank reserves to a deficiency and also b y the declara
tion by Secretary Shaw that no further relief to the
money market need be expected from the Treasury,
unless the tension was the result of business activity,
rates for loans on call and for fixed periods on col
lateral rose sharply early in the week. There was a
specially urgent inquiry on Monday, due to the need
for placing securities which had been returned from
Europe, and this, together with the calling of loans
b y some of the banks incident to payments for new
St. Paul stock, contributed to an advance in rates
for call money to the highest of the week. After
Tuesday a decreased demand for money from stock
operators, the result of tame speculation, and com
paratively liberal offerings by banks and trust com
panies, caused a gradual recession in rates, and though
fluctuations were wide the situation was more normal.
Time loans were, however, held at firm rates and one
feature was the quoting of unusually high figures for
contracts for twelve months.
Though mercantile borrowers are experiencing much
inconvenience because the tense monetary conditions
have tended to a restriction of accommodation by their
banks, it is thought that any attempt by Secretary
Shaw to relieve such conditions would not be to the
advantage of the commercial banks, for whatever
measures were taken to this end would directly benefit
institutions having speculative interests. Moreover,
these commercial banks would probably be unable to
qualify for the reception of public deposits because of
the difficult y in obtaining pledges therefor .The demand
for mercantile paper is quite limited and confined to
small country banks and there is at present little
prospect that the market therefor will broaden.
Money on call, representing bankers’ balances,
loaned at the Stock Exchange during the week at 20%
and at 234% , averaging about 8 % ; banks and ;rust
companies quote 3% as the minimum. On Monday
loans were at 20% and at 4 % , with the bulk of the
business at 15%. On Tuesday transactions were at
14% and at 5 % with the majority at 12%. On
Wednesday loans were at 9 % and at 3% with the bulk
of the business at 7 % . On Thursday transactions
were at 7 % and at 234% with the majority at 6 % .
On Friday loans were at 534% and at 4%, with the bulk
of the business at 5 % . Time contracts on good mixed
Stock Exchange collateral were quoted at 8 % for
111>7
sixty and 734% fop ninety days, 7% for four and 634%
for five to six months. There were liberal offerings
of nine to twelve months’ money at 6% and a loan
was reported at a fraction under this rate for the lastnamed period on choice collateral. Commercial paper
was quoted, nominally, at 6@634% for sixty to ninety
day endorsed bills receivable, 6@634% for prime and
6J4@7% for good four to six months’ single names.
Merchants who apply to their banks for discount are
restricted as to the amount of the accommodation,
though, in some cases, their requirements are urgent
because of slow collections.
The Bank of England rate of discount remains un
changed at 6 % . The cable reports discounts in
London of sixty-day bank bills, 634 %> and of ninety
days, 6 % . The open market rate at Paris is 3@»
3% % and at Berlin and Frankfort it is 5 3 4 @ 5 % % .
According to our special cable from London, the
Bank of England gained £610,394 bullion during the
week and held £29,799,369 at the close of the week.
Our correspondent further advises us that purchases
in the open market were largely responsible for the
gain exhibited. The details of the movement into
and out of the Bank were as follows: Imports, £379,000
(of which £5,000 from Cape Town and £374,000
bought in open market); exports, nil, and receipts
of £231,000 net from the interior of Great Britain.
The foreign exchange market was quiet this week
with a generally easy tone. Commercial bills against
cotton were in liberal supply on Monday, though the
offerings were later more moderate; those against grain
were chiefly confined to francs, the shipments being
principally to French ports. The high rates for money
on Monday caused a fall in exchange soon after the
opening, but there was a partial reaction due to a de
mand to remit in payment of maturing finance bills
and also for stocks that had been returned from abroad.
One incident on Tuesday— which, however, had no
special influence on our market, except to cause a sharp
fall in francs to unusually low rates— was a rise in ex
change at Paris on London to 25 francs 30 centimes,
or within 234 centimes of the gold-export point to the
British capital; this was reported to be due to remit
tances from Paris, influenced by the high contango
rates at the London settlement. Later, francs advanced
on drawings said to be against the remainder of the final
installment of the Pennsylvania loan.' The easier rates
for money on Wednesday imparted a firm tone to the
exchange market, but there was a subsequent decline
on a pressure of bills against purchases of stocks for
London account; the tone was firm again on Thursday
and on Friday.
Nominal rates for sterling exchange are 4 8134 for
sixty day and 4 8634 for sight. The market was firm
on Saturday of last week and, compared with the pre
vious day, long rose 15 points to 4 8050@4 8075,
short 10 points to 4 8585@ 4 8590 and cables 25 points
to 4 8690@4 8705. On Monday long fell 25 points to
4 8025 @ 4 8030, short 25 points to 4 8560@4 8565
and cables 25 points to 4 8675@4 8680. On Tues
day long declined 10 points to 4 8015@4 8020, short
advanced 15 points to 4 8565@4 8570 and cables fell
5 points to 4 8670@4 8675. On Wednesday long rose
5 points to 4 8020@4 8025, short fell 5 points to 4 8560
@ 4 8565 and cables 10 points to 8660@4 8665. On
T H E CH RONICLE.
1198
Thursday long advanced 5 points to 4 8025 @ 4 8050,
short 10 points to 4 8565@ 4 8575 and cables 10 points
to 4 8665@ 4 8675. The tone was firm on Triday at
an advance of 25 points for long and 20 for short
and for cables.
The following shows daily posted rates for sterling
exchange by some of the leading drawers.______________
|
F r i.,
M o n ..
T h n r s ., [ F r i .,
'C u e s ., \ W e d . ,
N o v . 9 . N o v . 12 NOV. 13; N o v . 14 \N0V. 15 N o v . 16
B row n
B r o s . & C o -----------B a r in g
B io s . & C o
—
B a n k B r i t i s h -----------N o r th A m e r i c a ..
B a n k of
M o n t r e a l. .
___
C a n a d ia n B a n k
o f C o m m e r c e -------H e i d e l b a c h , I c k e lh e im e r & C o ---------L azard
F r e r e s ______________
M e r c h a n ts ’ B a n k
o f C a n a d a __________
160 days
..1 S ig h t. .
] 00 days
..i s i g h t ..
. -J 6 0 days
_ _ iS ig h t . _
J6 0 d a y s
..i S lg h t ..
! 60 days
_ -T. S i g h t ,..
J60days
. . - I S i g h t ..
j 6 0 days
. .I S i g h t . .
J 6 0 days
..-[ S i g h t ..
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
4
81A
86 H
8 VA
86 A
8 VA
86} 2
81M
86M
81K>
sey3
8114
8 6 y>
s m
86 H
sia
S6A
si a
86 A
8ia
s6A
81H
86 K
8 VA
S6A81 A
A
81A
8634s
\A
A
81A
863-4
86
8
86
8134
8634
8134
8634
8134
8634
8134
8634
8134
8634
8 13 4
8634
8 13 4
8634
8 13 4
8634
8134
8634
8134
8634
8134
8634
8134
8634
8134
8634
8 13 4
8634
S 134
8634
8134
8634
8V A
8634
8134
8634
8134
8634
8134
8634
8134
8 6 )4
8134
8634
8134
8 63 4
8 13 4
8634
8134
8634
8134
8634
8134
8634
8134
86>4
8134
8634
8134
8634
8134
8 6 34
8134
8634
The market closed on Friday at 4 8050 @ 4 8075 for
long, 4 8585@ 4 8590 for short and 4 8685@ 4 8690 for
cables. Commercial on banks 4 8 0 1 5 @ 4 8025 and
documents for payment 4 7 9 ^ @ 4 81%. Cotton for
payment 4 79% @ 4 79% , cotton for acceptance 4 8015
@ 4 8025 and grain, for payment 4 81 @ 4 81%.
The following gives the week’s movement of money
to and from the interior b y the New Y ork banks.
W e e k en d in g N o v .
16
R eceiv ed by
S h ip p e d by
N . Y . B a n k s. N . Y . B a n ks.
1106.
C u r r e n c y -----------------------------------------------------G o l d _________________ ______________________
T o t a l g o ld a n d le g a l te n d e r s
.
..
N e t I n te r io r
M o v e m e n t.
8 7 ,4 8 3 ,0 0 0
1 , 6 2 2 .0 0 0
$ 5 ,3 4 0 ,0 0 0 G a in
7 5 0 ,0 0 0 G a in
8 2 ,1 4 3 ,0 0 0
8 7 2 ,0 0 0
$ 9 ,1 0 5 ,0 0 0
$ 6 ,0 9 0 ,0 0 0 G a in
8 3 ,0 1 5 ,0 0 0
Result with the Sub-Treasury operations:
In to
■B a n ks.
Out of
B a n k s.
B a n k s ' in te r io r m o v e m ’ t a s a b o v e . _ _
S u b - T r e a s . o p e r. a n d g o ld im p o r ts —
8 9 .1 0 5 .0 0 0
2 5 .1 0 0 .0 0 0
8 6 .0 9 0 .0 0 0 G a in
2 6 .1 0 0 .0 0 0 L o s s
S 3 ,0 1 5 ,0 0 0
1 ,0 0 0 ,0 0 0
T o t a l g o ld a n d le g a l t e n d e r s ._______
8 3 4 ,2 0 5 .0 0 0
8 3 2 ,1 9 0 ,0 0 0 G a in
8 2 ,0 1 5 ,0 0 0
O ilS W e e k e n d in g N o v .
16 1 9 0 6 .
N e t C h a n g e in
B a n k H o ld in g s .
The following table indicates the amount of bullion
in the principal European banks.
N o v . .1 5
1906.
N ov.
16
1905.
Bank, of
G o ld .
E n g la n d . .
F r a n c e ___
G erm an y _
R u s s ia _ _ _
A u s .- H u n _
S p a i n _____
I t a l y _______
N e th ’ l’ d s .
N a t .B e lg .,
Sw eden . .
S ilv e r .
£
2 9 ,7 9 9 ,3 6 9
1 1 2 ,3 1 1 ,3 8 1
2 7 .8 5 7 .0 0 0
1 1 2 ,8 7 5 ,0 0 0
4 6 .6 1 0 .0 0 0
1 5 .3 2 7 .0 0 0
3 1 .2 5 1 .0 0 0
5 ,5 3 1 ,2 0 0
3 ,2 9 1 ,3 3 3
3 , 9 6 3 ,0 0 0
£
4 0 ,4 5 5 ,9 6 3
9 . 2 8 6 .0 0 0
4 . 2 4 1 .0 0 0
1 1 .7 1 7 .0 0 0
2 4 .0 0 7 .0 0 0
3 ,S 1 2 ,4 0 0
5 , 5 4 0 ,1 0 0
1 ,6 4 5 ,6 6 7
.
T o ta l .
G o ld .
£
£
2 9 ,7 9 9 ,3 6 9 3 2 ,5 4 6 ,0 0 4
1 5 2 ,7 6 7 .3 4 4 1 1 5 ,0 7 5 ,2 9 1
3 7 .1 4 3 .0 0 0 3 1 .4 0 5 .0 0 0
1 1 7 ,1 1 6 ,0 0 0 1 1 4 ,9 2 5 ,0 0 0
5 8 .3 2 7 .0 0 0 4 5 .1 1 4 .0 0 0
3 9 .3 3 4 .0 0 0 1 4 .9 8 4 .0 0 0
3 5 ,0 6 3 ,4 0 0 2 5 .2 3 2 .0 0 0
6 , 6 0 0 ,1 0 0
1 1 ,0 7 1 ,3 0 0
4 . 9 3 7 .0 0 0
3 ,2 8 8 ,6 6 7
3 .9 6 3 .0 0 0
3 , 7 2 5 ,0 0 0
S ilv e r .
|
T o ta l-
■ £
3 2 ,5 4 6 ,0 0 4
4 3 ,8 2 8 ,2 4 2 ' 1 5 9 ,8 0 3 ,5 3 7
1 0 ,4 6 8 ,0 0 0 ! 4 1 ;8 7 3 ,0 0 0
3 ,7 6 4 ,0 0 0 1 1 8 ,6 8 9 ,0 0 0
1 1 ,9 0 4 ,0 0 0 5 7 .0 1 8 .0 0 0
2 2 .4 2 9 ,0 0 0 ] 3 7 .4 1 3 .0 0 0
3 ,1 5 8 , 5 0 0 : 2 8 ,3 9 0 ,5 0 0
5 , 9 5 3 ,6 0 0 1 2 .5 5 3 ,7 0 0
1 ,6 4 4 ,3 3 3
4 .9 3 3 .0 0 0
3 . 7 2 5 .0 0 0
£
T o t . w e e k 3 8 8 ,8 1 6 ,2 8 3 1 0 0 .7 0 5 .1 3 0 4 8 9 ,5 2 1 ,4 1 3 3 9 3 , 7 9 5 ,0 6 6 l l 0 3 ,1 4 9 ,6 7 5 4 9 6 ,9 4 4 ,7 4 1
P r e v .w e e k 3 8 8 ,6 3 9 ,8 8 9 1 0 1 .1 9 7 .1 3 0 4 8 9 ,8 3 7 ,0 1 9 3 9 2 ,1 7 6 ,0 3 0 ,1 0 3 ,1 8 9 ,2 5 3 4 9 5 ,3 6 5 ,2 8 3 .
R A IL W A Y TRAFFIC AND R A IL W A Y
EXTENSION.
Mr. James J. Hill is one of those speakers whose re
marks invariably set people 'to thinking. We had
occasion lately to refer to his striking address
in Minnesota, on the approaching exhaustion of our
mineral reserves and the necessity of economizing the
development of our farms. Some very important
facts, which are sure eventually to occupy a foremost
place in pur industrial history, were then suggestively
set forth b y Mr. Hill. He did not, however, offer to
Ms hearers the solution for the rather pessimistic
situation which he outlined for the future. Somewhat
the same criticism may be passed on Mr. Hill’s speech
of last Saturday at the Merchants’ Club of Chicago,
in the course of which, departing from his main theme
o f Canadian reciprocity, he indulged in some highly
suggestive reflections on the railway industry. We cite
from Mr. Hill’s speech the particularly interesting part
of his discussion of the situation as he conceives it:
IV O L . L X X X III.
“ It has been noticed that from June 30 1895 to 1905
— ten years— the growth in ton mileage was 110%.
The growth in the mileage of railroads to handle that
traffic was 20% . There’s where you stand to-day—
you can see it in that brief comparison. There’s
where the whole country stands. The traffic of the
country is congested beyond imagination. The com
merce of the country is paralyzed, which, continued,
means slow death.
“ Morecars? Yes, we need more cars, but we need
also cars of greater capacity, heavier trains, and more
miles of railroad to haul them over. In ten years
railroads of the country expanded 20% for the hand
ling of a business that increased 110%. Suppose you
are able in the near future to increase that expansion
50% . That will still leave 40 % a year of the
business without any facilities for taking care of it.
“ It is estimated that from 115,000 to 120,000 miles
of track must be built at once to take care of this im
mense business. But to build that amount will cost
as much as the Civil W ar cost at least. It will cost
from $4,000,000,000 to $5,000,000,000. A thousand
million dollars a year for five years will scarcely suf
fice. W hy, there is not money enough nor rails
enough in all the world to do this thing.
“ And if the rails were piled up ready for the under
taking, and if the money were in bank to-day, it would
be impossible to get the labor with which to do it.
Labor in the mines, in the forest, in the quarry are
behind a stone wall which they cannot scale.
“ I tell you there is no question since the Civil War
of half the consequence of this one.”
S.o striking a statement as this requires, first, some
inquiry into how so remarkable a situation came
about; then a glance at the conditions which
may fairly be expected as a sequel to it. The
curious part of our situation, to which Mr. Hill
refers thus pessimistically, is that it has been brought
about intentionally, in so far' as restriction on
building of new railways is a factor. Mr. Hill
points out the limited expansion of railway mile
age in the past ten years, as compared with the
expansion of business. He does not point out, how
ever, the even more interesting fact that the m axi
mum annual increase in railway mileage during the
present period of unprecedented industrial expansion
and prosperity has been less than 40 % of the m axi
mum annual increase of the eighties.
This we may show by a few comparisons in the sta
tistics of railway mileage.
In 1905, according to the
“ Poor’s Manual” figures, new railway mileage laid
down in the United States was 4,947 miles. The
figures for 1904 were approximately the same. Now,
while it is true that these were the largest annual in
creases shown since 1890, the figures nevertheless
make singularly poor comparison with such records
as the 12,876 miles of new road in 1887, the record in
our history, or the 11,569 of 1882. It m ay, in fact,
be said that despite the increase in annual new mileage
now, as compared with three or four years ago, it
still remains true that there was not one year from
1880 to 1883, inclusive, or from 1886 to 1890, inclusive,
when there was not a larger construction of new rail
way mileage than was laid in 1905 or 1904. Mr. Hill
makes the point that 120,000 miles of track must be
built at once to provide adequately for the new
traffic offering. In the ten years prior to 1890 there
were 73,000 miles of new track laid down. In the
ten years prior to 1906 the total was only
37,000.
We do not suppose that any one who recalls the
railway history of the eighties will have any doubt
NOV. 17 1900.]
T H E CHRONICLE
as to why this progress in new mileage has of late been
so relatively slow. The great expansion of 18S2 and
1SS7 was notoriously brought about by two main
causes— haste of railway promoters in “ discounting”
the future, and eagerness of speculative capitalists to
take advantage, through construction of competitive
lines, of the opportunity to sell out at a profit to
parallel roads whose business the new lines threatened.
It will also be recalled— though it now seems a chapter
from ancient history— that the result of these ex
ceptionally large records in railway building was an
undoubted era of over-building. That is to say,
when a check to the movement of trade prosperity
occurred—especially when, as happened soon after the
high records in new mileage, such a check was empha
sized by deficient harvests— traffic facilities sur
passed the traffic offering and rate-cutting broke out
in so virulent a form that profits of railway enter
prises, old and new, sank to a minimum. No one
can have forgotten the urgent efforts made in such
years as 1888 and 1889 to bind down the railway
operating officers, through the personal pledges of
their presidents, to reasonable maintenance of rates,
and most people will recall how futile in the end these
well-meant efforts were. The cause of the whole
disturbance was not at all mysterious even then;
it was found in the simple fact, already noticed, that
American railway construction had proceeded at so
extraordinarily rapid a rate.
We do not mean by this to infer that because rail
ways were “ overbuilt” in 1887, from the standpoint
of that period,'therefore we are necessarily building
too fast, or even fast enough, to-day. It seems to
us, however, that the considerations to which we have
referred are important as throwing some light on the
attitude of the companies. Notoriously, the building
of strictly competitive railway mileage has been dis
couraged throughout the present period of prosperity.
It was a year ago that Mr. E. H. Harriman publicly
declared that the “ era of railway buying” was now to
be followed by an “ era of competitive railway build
in g.” To an extent the prediction has been realized;
yet Mr. Hill’s own statement shows how relatively
slight has been the progress as yet in that direction.
Mr. Hill’s remarks on the money market side of
the situation are interesting, but not, it appears to
us, in all respects convincing. We mean that the
same thing might have been said— to the extent at
least of affirming that capital immediately available
was not sufficient to build at once the track required
to take care of the business offering— at any and all
of the preceding “ boom periods” in our history. It
could certainly have been said in 1880, when .precisely
the same complaints were made from almost exactly
similar reasons. And this fact leads us to the final
comment which we have to make on the situation out
lined by Mr. Hill. It is, that the comparatively
moderate expansion of railway mileage during recent
years has at least been due to a praiseworthy effort
to avoid the blunders of “ over-discounting the future”
which have made mischief with railway finance, and
with our finances generally, during previous cycles of
prosperity. We do not undertake to say whether, in
this restriction of railway building, competitive or
other, the railways have gone too far or not. But
it seems to us that, judged purely from the fiscal point
of view, they havee rred, if at all, on the side of safety.
I [99
As to when the situation in the money market, the
iron market and the labor market will be such as to
render feasible some effort to provide on a larger scale
for the urgent needs pointed out by Mr. Hill, that is
perhaps the most interesting part of the problem now
before the markets.
THE
LEGACY
TA X ON NON-RESIDENT
SHAREHOLDERS IN N. Y. CORPORATIONS.
The decision rendered last month by the Court of
Appeals of this State, in a case raising the question how
the transfer or legacy tax levied in New York upon
estates of non-resident shareholders in corporations
organized under New York laws is to be applied, em
bodied one novel point, though on account of the
special circumstances existing in that case the decision
is necessarily' of restricted application. Like most
other States, New York imposes a tax upon the trans
fer, by will or intestate law, of property within the
State, even when the holder was a non-resident of the
State at the time of his death. Of course the property
of a non-resident is ordinarily more difficult to reach,
even though it be within the State, than that of a
resident; but where the ownership is represented by
shares in a corporation, and that corporation a do
mestic one, it is almost impossible for an estate to
escape the payment of the transfer tax. At all
events, stringent regulations’ and penalties are pro
vided in the statutes to insure the payment of the tax.
Quite obviously even though the property be situated
entirely in another State, if it is owned by a New Yorl^
corporation it is subject to the tax, since the tax is
upon the transfer and not upon the property itself,
and the State may impose conditions attending suc
cession in bodies of its own creation. This makes the
shares of many corporations taxable under the laws
of this State, though their operations are carried on
elsewhere. And the same rule applies in other States
having similar laws.
In the present instance the owner of the shares had
been a resident of Connecticut and the Comptroller
of the State of New York undertook to collect the
transfer tax on the shares owned by him at the time
of his death in a corporation which possessed the
peculiarity of having been incorporated in two States.
The Court of Appeals, reversing the order of the Ap
pellate Division and of the Surrogate’s Court of New
York County, rules that in such a case the transfer
tax cannot be levied upon the full value of the shares,
but the value must be apportioned between the two
States of incorporation. The case is of interest, inas
much as there are many other corporations which
enjoy the distinction of incorporation in more
than
one State. The principle of
course is a
vital one, particularly as regards railroads, as many
large systems run through several States, and in such
cases if there has been separate incorporation in each
State, either voluntarily or because the laws require
it, it would be possible under a ruling different from
that now laid down for each State to levy and collect
separately a transfer or succession tax on the full value
of the shares, thereby producing virtual confiscation.
The case was that of Charles P. Cooley et al., as
executors of Francis P. Cooley, deceased, against the
Comptroller of the State of New York. The deceased
was a resident of Connecticut and owned 426 shares
1200
T H E CHRONICLE
of the capital stock of the Boston & Albany Railroad,
the market value of which had been fixed at $252 50
per share. The Comptroller undertook to levy the
tax upon the full amount as here given, but the execu
tors of the estate resisted payment of the tax on that
basis, and after being defeated in the lower courts
were finally successful on appealing to the Court of
Appeals. The Boston & 'Albany is a consolidation
formed by the merger of one or more New York cor
porations and one Massachusetts corporation. The
merger was authorized and the consolidated corpora
tion duly and separately created and organized under
the laws of each State. It was, so to speak, incor
porated in duplicate, though there is but a single
issue of capital stock representing all of the property
of the consolidated and dual organization. Of the
track mileage about five-sixths is in Massachusetts
and one-sixth in New York. The principal offices,
including the Stock Transfer Office, are situated in
Boston, where also are held the meetings of the stock
holders and directors.
The opinion is by Judge Hiscock, who points out
that, by seeking the aid of New York laws and becoming
incorporated under them, the consolidated Boston &
Albany Railroad became a domestic corporation.
Accordingly, the decedent owner of Boston & Albany
stock must be regarded as holding stock in a domestic
corporation, since it is clearly settled that capital stock
in a domestic corporation, although held by a non
resident, will be regarded as having its situs where
the corporation is organized. The only point at issue
was as to the extent and value, for the purposes of
the transfer tax, of the decedent’s interest in the
shares in question. The Court reasons that, although
the tax is upon the transfer and not upon the prop
erty itself, still its amount is necessarily measured
by the value of the property transferred. In the
larger number of cases, as is well known, a corporation
has but a single corporate creation and existence
under the laws of one State, and b y virtue of such
single existence owns all of its corporate property.
In these cases there is no difficulty in determining
that a shareholder under such an incorporation has
an interest in all of the corporate property, wherever
and in how many different States situated. But in
the present instance different considerations and prin
ciples apply. New York jurisdiction to assess de
cedent’s stock is based solely and exclusively upon the
theory that it is held in the Boston & Albany Railroad
as a New York corporation. But, as it happens,
the company is also incorporated.as a Massachusetts
corporation, and presumably by virtue of such latter
incorporation it has the same powers of owning and
managing corporate property which it possesses as a
New York corporation. As a matter of fact, the loca
tion of the physical property and the exercise of various
corporate functions give greater importance, to .the
Massachusetts than to the New York corporation.
Accordingly, the problem was whether, for the
purpose of levying a tax on decedent’s stock, upon
the theory that, it is held in and under the New York
corporation, the Court ought to say that such latter
corporation owns and holds all of the property of the
consolidated corporation wherever situated, thus en
tirely ignoring.the existence of and the ownership of
property by the Massachusetts corporation. Judge
Hiscock says that if our courts took such a view, it
[V O L . LXXXI1I.
would inevitably pave the way to a corresponding
view by the authorities and courts of Massachusetts,
that the corporation in that State owns all of the
corporate property wherever situated, and conse
quently the unreasonable and illogical result would be
reached that one set of property is at the same time
solely and exclusively owned by two different corpora
tions and that a person holding stock should be assessed
upon the full value of his stock in each jurisdiction.
Proceeding along these lines he says: “ Whether we
regard such a tax as is here being imposed a recom
pense to the State for protection afforded during the
life of the decedent, or as a condition imposed for
creating and allowing certain rights of transfer or of
succession to property upon death, we shall have each
State exacting full compensation upon one succession
and a clear case of double taxation. And if the
corporation had been compelled for sufficient reasons
to take out incorporation in six or twenty other States
each one of them might take the same view and insist
upon the same exaction until the value of the property
was in whole or large proportion exhausted in pay
ing for the privilege of succession to it. While un
doubtedly the legislative authority is potent enough
to prescribe and enforce double taxation, it is plain
that, measured by ordinary principles of justice,
the result suggested would be inequitable and might
be seriously burdensome.”
Judge Hiscock said he saw nothing in the New
York statute which prevented the Court from paying
decent regard to the principles of inter-State comity
and from adopting a policy which will enable each
State fairly to enforce its own laws without oppression
to the subject. This result he thought would be
attained by regarding the New York corporation as
owning the property situated in New York and the
Massachusetts corporation as owning that situated
in Massachusetts, and each as owning a share of any
property situated outside of either State or moving
to and fro between the two States, and assessing the
stock upon that theory. That appeared to be the
obvious basis for a valuation if any room was to be
left for the Massachusetts corporation and for a tax
ation by that State similar in principle to our own,
without double taxation.
Some apprehension had been expressed lest New
York corporations be induced to take out incorpora
tion in other States for the purpose of exempting
transfers of their capital stock from taxation under
the principles of this decision. But Judge Hiscock
says that if in the future a corporation created and
organized under the laws of this State, or properly
and really to be regarded as a New York coi’poration,
shall see fit either for the purpose suggested or for
any other reason subsequently and incidentally and
for ancillary reasons, to take out incorporation in
another State, a case wrould arise not falling within
the present decision.
It had also been urged that in Matter of Palmer (183
N, Y . 238) the Court had laid down a rule different
from that promulgated in the present decision.
Judge Hiscock shows however that the circumstances
were wholly different. In that case there was a
single incorporation under the laws of this State, and
that domestic corporation owned all of the property
in whatever State situated. Its corporate origin was
under the laws of this State, and there its corporate
Nov. 17 1906.]
T H E CHRONICLE.
10
21
M ile a g e.
G ross E a r n in g s .
existence was centered. It just as fully and com
O c to b e r .
In crea se ( + )
Y ear 1 Y ear
or
In Y ear
Y ear
pletely owned and managed property situated in the
G i v e n . P r e c n g . c r e ’s e
D e c r e a s e (— ) .
P r eced in g .
G iv en .
State of Ohio as if it was situated in the State of New
H oads M ile s .
M ile s.
Y ear.
$
$
$
%
%
Y ork, and if the property in the foreign State was re 1 S 9 6 _____ 1 2 7 9 2 ,8 1 5 9 2 ,0 3 1 0 .8 5 4 7 ,9 7 4 ,1 2 5 5 0 .3 5 4 ,8 2 2 — 2 ,3 8 0 ,6 9 7 4 .7 2
9 7 ,1 5 4
9 5 ,8 6 5
1 8 9 7 ------127
1 .3 4
4 9 ,6 0 4 ,8 4 1
8 .7 7
5 3 ,9 5 9 ,3 7 0
+ 4 ,3 5 4 ,5 3 5
duced to money, such money would be turned into its 1 S 9 S ------- 123 9 3 ,6 8 1 9 2 ,6 8 4 1 .0 7 5 3 ,9 7 5 ,1 3 2 51 6 9 6 ,9 0 0 + 2 , 3 7 8 ,2 3 2 4 .0 1
9 4 ,8 3 5
9 3 ,2 7 5
0 .6 0
5 9 ,3 8 2 1 5 3 6 5 3 ,5 2 3 ,8 7 7
1 8 9 9 ____
105
+ 5 , 8 5 8 ,6 5 9 1 0 .9 4
.0 1 4 S 5 .2 7 5
treasury in the State of New York. Under such 1 9 0 0 _____ 9 3 1 8 S .3 6 4 9 9 ,6 9 8 3 .2 1 5 0 ,0 5 1 ,2 4 4 5 3 ,3 1 8 .5 0 5 + 2 , 7 3 2 ,7 3 9 5 .1 2
01
1 9 0 1 ____
99
1 .6 7
7 4 ,7 5 3 ,5 7 0
6 6 ,5 0 9 ,1 7 9
+ 8 .2 4 4 .3 9 1 1 2 .3 9
78
1 9 0 2 ------9 1 ,5 3 1
2 .1 4
6 9 ,1 0 4 ,8 3 2
6 4 ,7 6 0 ,4 3 2
+ 4 ,3 4 4 ,4 0 0 ; 6 .7 1
8 9 ,6 1 1
circumstances there was nothing else that could 1 90 3 _____ 7 2 9 0 ,5 0 9 8 8 ,5 5 7 2 .2 0 7 2 ,4 0 0 .9 7 2 6 8 ,7 3 9 ,4 6 0 + 3 ,0 6 7 ,5 1 2 5 .3 3
24
,3 9
1 9 0 1 _____
1 .81
6 3 ,9 3 9 ,8 8 9
reasonably be held than that the corporation owned 1 9 0 5 ------- 6 7 8 3 ,7 4 3 8 2 ,243 4 2 .2 7 6 G.0 5 0 ,1 6 1 0 2 ,6 3 1 ,3 6 6 + 23, 445201, 26772 3 .8 3
8 0 .2
78, 5 4
51
+
3
5 .4 6
66
3 ,0 3 9
all property wherever situated and that the share 1 9 0 0 _____ 6 8 9 2 ,7 6 0 9 0 ,4 9 9 2 .4 9 8 6 .7 9 5 ,5 9 0 7 8 ,0 0 7 ,4 4 0 + 8 , 7 8 8 ,1 5 0 1 1 .2 6
J a n . 1 to O ct. 3 1 .
holders' interest in such corporation represented and 1 8 9 6 _____ 122 9 1 ,4 1 4 9 0 ,6 5 0 0 .8 4 3 8 3 ,1 6 9 ,1 7 2 3 7 1 ,0 9 6 .8 5 4 + 1 2 ,0 7 2 ,3 1 8 3 2 5
1 23
9 6 .4 1 7
4 .5 6
1 8 9 7 _____
9 5 ,1 2 8
1 .3 5 4 1 5 ,5 7 5 .2 6 8 3 9 7 ,4 1 7 ,2 6 1 + 1 8 ,1 5 8 ,0 0 7
was based upon such ownership of all the property. 1 8 9 8 _____ 1 2 3 9 3 6 81 9 2 ,6 8 4 1 .0 7 4 3 9 ,6 5 2 ,8 8 6 4 0 0 ,6 6 4 ,7 4 4 + 3 8 , 9 8 8 , 1 4 2 9 . 7 3
102
9 3 ,4 6 4 9 1 ,9 2 6
9 .5 4
1 8 9 9 ------1 .6 7 4 6 7 ,6 4 6 ,1 5 4 4 2 6 ,9 0 1 ,0 5 0 + 4 0 ,7 4 5 ,1 0 4
8 4 ,4
462
8 7 ,1
4 2 1 ,2 2 2 ,2 0 9 + 4 1 ,1 1 4 ,6 2 3
In other words, what differentiated that case from 1 9 0 0 _____ 91 9 9 ,9 5 0 9 8 ,2 1 1 3 .2 4 5 9 5 ,3 3 6 ,8 3 2 5 3 6 ,3 5 0 ,6 5 5 + 5 8 .8 9 6 .9 2 1 1 9 .7 9
94
59
.2 4 7 ,5 7 6
1 9 0 1 _____
15
1 .6 8
0 .9 8
_____
2
91 95 8
5 6 7 3 2 ,4
5 2 4 ,4 0 4
+ 4 3 ,3 2 8 ,4 3 0
the present was that there was no double incorpora 1 9 0023 _____ 7 7 9 0 ,4451 S 9 .5 7 5 2 .1 4 6 3 7 ,4 0 3 ,2 4 0 5 6 8 ,5 1 1 ,0 0 4 + 6 5 ,8 9 1 ,2 6 2 1 8 .2 6
S .4 9 9
.2 0
19
71
1 .5 9
4
48
.9 8 6
3 ,7 2 4
2 ,2 3 4
1 .8
5 4 8 ,8 5 6 ,5
1 ,0
1 .1 9
1 9 0 4 _____
tion and no chance for conflict between an incorpora 1 9 0 5 _____ 6 7 8 0 .2 4 3 8 8 ,4 5 4 2 .2 71. 5 4 7 ,2 7 4 ,9 5 9 5 4 7 ,8 0 5 ,8 0 5 + +3 6 ,1 5 0 .7 5 4 7 .0 6
8
51
7
1 0 5 1 1 ,1 7 1 ,8 2 5
0 3 ,0 8 5
1 9 0 G _____
67
9 2 ,0 8 4 9 0 ,4 2 3
2 .4 9 7 4 3 ,6 5 6 ,0 0 8 6 5 0 ,7 1 1 ,9 9 8 + 9 2 , 9 4 4 , 0 1 0 1 4 .2 8
tion under the laws of this State and a second one
N o .—
ith e r
s f
a
a
existing under the laws of another State which must th e a tneth raNceite co a threo aedasrnain g in o lutheed M e x icis nta r ole .d s n o r th e m in in g o p e ra tio n s o f
l
re
c d
in th
b
either be reconciled by just regard for the rights of both
As confirming our remark above with reference to
States and the rights of the incorporation under each, the falling off in the grain movement, we may note
or else double taxation imposed upon a shareholder. that for the four weeks ending Nov 3 the receipts of
wheat were only 35,594,949 bushels as against 39,RAILROAD GROSS EARNINGS FOR OCTOBER.
509,074 bushels in the corresponding four weeks of
The gross earnings of United States railroads con last year, the receipt of oats 28,320,639 bushels
tinue their wonderful record of improvement. Our against 33,158,530, of barley 12,513,958 against
compilation this time covers the roads which have 17,026,868; and of rye 1,226,717 bushels against
furnished early returns for the month of October, 1,623,469. Corn is the only cereal forming an ex
comprising altogether 92,760 miles of road. For ception to the rule, the deliveries in that case having
this mileage the increase as compared with the same been 16,697,767 bushels against 13,163,555 bushels.
month last year reaches $8,788,150, (11.26 per cent), But combining that item with the other items, it is
foreshadowing a striking amount of gain when we found that aggregate receipts of wheat, corn, oats,
eeks this year were only
shall have the results complete for all the roads in the barley and rye for the four wr
94,354,030 bushels as against 104,481,496 bushels,
country, comprising over 200,000 miles.
One special advantage accrued to all roads alike showing therefore a loss of over 10 million bushels.
during the month under review, namely the fact that W e annex the details of the grain movement in our
the month contained one more working day than the usual form.
W E S T E R N F L O U R A N D G R A IN R E C E IP T S .
same month last year, owing to the fact that October F o u r W e e k s
E n d in g
F lo u r .
W h ea t.
C om .
O a ts .
B a rle y .
R ye.
. 3
( b b ls .)
( b u s h .)
( b u s h .)
( b u s h .)
( b u s h .)
( b u s h .)
1906 had only four Sundays whereas October 1905 C h Nc o v o — .
i ag
2 ,7 3 0 ,0 4 7
1 9 0 6 _____
9 , 6 1 3 ,1 5 0
9 5 7 ,5 9 8
1 2 ,7 7 9 ,5 9 5
3 ,9 6 1 ,0 9 9
4 0 0 ,0 1 9
contained five Sundays. It is also to be borne in mind
1 9 0 5 _____ 1 ,0 5 5 ,7 6 1
4 , 0 3 9 ,2 8 0
5 ,8 9 6 ,4 6 3
5 , 5 2 2 ,5 2 2
15 7 2 4 ,0 5 6
5 0 3 ,9 7 1
kee—
that certain roads in the South and Southwest have M i l1w a u _____ 4 3 5 ,6 0 0 1 ,4 3 3 ,5 3 6
906
2 4 7 ,0 0 0
1 ,5 8 2 ,7 0 0
3 , 0 2 5 .2 0 0
1 8 8 ,8 0 0
1 9 0 5 _____
5 1 3 ,5 0 0
1 ,4 0 4 ,0 4 0
1 2 5 ,4 0 0
1 , 5 5 9 ,1 0 0
4 ,2 1 9 ,7 0 0
1 9 5 ,2 0 0
had the present year an advantage in the absence of the S t . L o u i s —
1 9 0 6 _____
3 1 5 ,5 2 0
2 ,1 1 3 ,6 6 5
2 ,6 0 4 ,4 5 0
3 ,9 0 8 ,8 6 0
7 1 6 ,3 0 0
6 0 ,0 7 2
yellow fever, which proved such a disturbing agency
1 9 0 5 _____
3 2 2 ,2 2 0
2 ,4 8 5 ,9 5 7
1 ,7 3 8 ,1 8 5
2 ,5 0 6 ,7 0 0
7 4 7 ,5 0 0
2 8 2 ,7 6 8
T o led o —
1 9 0 6 ......... ....................
6 7 0 ,0 0 0
5 1 1 ,0 0 0
1 ,1 0 3 .7 1 0
1 ,4 0 0
4 6 ,8 0 0
a year ago. On the other hand, strange as it may
1 9 0 5 _____ ___________
5 4 5 ,0 0 0
4 3 5 .0 0 0
8 9 1 ,2 0 0
1 ,5 0 0
6 5 ,0 0 0
oi
seem in view of the large crops harvested this year, D e t1r9 0t6—
_____
1 2 ,7 1 0
1 9 5 ,1 7 0
5 0 1 ,3 8 0
4 1 6 ,2 6 6
90
4 1 2 ,6 5 4
6 0 6 ,3 8 8
3 4 5 ,6 0 9
—
there was quite a noteworthy shrinkage in the grain C le1 e la5n-------- 4 7 ,1 0 0
..............
v
d—
1 9 0 6 _____
2 3 ,1 7 5
9 3 ,9 4 6
5 9 6 ,6 2 8
7 7 9 ,1 1 7
1 5 ,3 3 1
movement. Whether this may be ascribed to the
1 9 0 5 -------8 ,0 2 4
4 8 0 ,7 7 3
1 ,8 8 4 ,1 2 3
1 0 7 ,3 2 8
4 ,4 5 8
P e o r ia —
holding back of the new chops by farmers or whether
1 9 0 6 _____
9 8 ,7 0 0
6 9 ,0 0 0
1 ,3 2 1 ,1 0 0
1 ,8 3 1 ,8 0 0
5 7 0 ,0 0 0
6 4 ,6 0 0
1 9 0 5 -------1 2 6 ,2 0 0
8 5 ,4 0 0
1 ,9 2 4 ,0 0 0
1 ,3 8 9 ,4 0 0
3 8 0 ,0 0 0
4 4 ,8 0 0
it follows as a result of the freight congestion which D u l u t h —
1 9 0 6 -------- 1 ,1 0 1 ,2 9 0
1 0 ,9 3 5 ,1 8 5
2 5 ,1 0 9
1 ,5 1 7 ,7 5 1
2 ,4 7 6 ,3 2 3
1 6 4 ,3 3 6
2 ,5 3 2 ,0 8 2
1
3 8 ,0 9 6
3 ,3 8 8 ,6 6 8
1 8 9 ,1 4 0
is so pronounced all over the country, the fact of a M i1 9n0e5a--------s — ,0 0 7 ,6 0 0 9 ,7 2 3 ,1 9 3
n
p o li
1 9 0 6 _____ ___________
1 1 ,9 5 1 ,4 0 0
2 1 8 ,9 5 0
3 ,6 0 5 ,6 4 0
1 ,7 4 8 ,3 0 5
3 0 2 ,0 9 0
contraction remains. It is proper to add that Southern
1 4 ,9 2 8 ,2 2 2
1 9 0 5 _____ ___________
3 2 1 ,2 5 0
5 ,7 4 3 ,8 6 0
2 ,7 6 2 ,5 2 0
3 4 2 ,5 9 0
s s C it
roads were favored by quite an increase in their K a n 9 a 6 .........y —................. - 5 ,5 6 2 ,0 0 0
1 0
9 0 0 ,0 0 0
7 9 5 ,2 0 0
1 9 0 5 ________ __________
1 , 5 9 8 ,0 0 0
5 ,7 7 8 ,0 0 0
5 8 2 ,4 0 0
—
— ---------special item of traffic— cotton.
T o t a l o f a ll
1 9 0 6 - . . 1 2 ,9 4 4 ,5 9 3
3 5 ,5 9 4 ,9 4 9
1 6 ,6 9 7 ,7 6 7
2 8 ,3 2 0 ,6 3 9 1 2 ,5 1 3 ,9 5 8 1 ,2 2 6 ,7 1 7
The smaller grain movement is no doubt to be held
1 9 0 5 _____ 3 , 0 8 0 ,4 0 5
3 9 ,5 0 9 ,0 7 4
3 3 ,1 5 8 ,5 3 0 1 7 ,0 2 6 ,8 6 8 1 ,6 2 3 ,4 6 9
1 3 ,1 6 3 ,5 5 5
J a n . 1 to N o v . 3 .
responsible for the decreases in earnings on the minor C h ic a g o —
8 4 ,6 2 7 ,3 1 2
1 9 0 6 _____ 7 , 4 8 0 ,1 5 6
2 4 ,5 4 6 ,5 4 1
7 7 .1 8 3 ,2 6 6 1 5 ,8 8 7 ,1 8 5 1 ,5 4 2 ,6 0 3
05
Western and Northwestern roads, which is this time M i l1w9 a u -------— 6 , 5 1 1 ,7 5 0 2 1 ,7 4 3 ,4 1 0 9 3 ,1 2 8 ,8 2 9 7 6 ,6 6 2 ,6 0 9 2 1 ,2 7 6 ,8 8 7 1 ,7 8 4 ,6 3 8
kee
1 9 0 6 _____ 2 .4 0 3 ,0 6 5
5 , 8 1 6 ,2 5 3
5 , 3 0 6 ,1 5 0
8 , 5 6 8 ,0 0 0 1 3 ,2 4 5 ,5 0 0
8 2 3 ,4 0 0
such a feature of the returns. Our table comprises
1 9 0 5 ------- 2 ,0 3 5 ,9 5 0
6 ,0 3 8 ,8 8 0
2 , 4 4 0 ,6 0 0
6 ,8 7 7 ,2 0 0 1 2 ,5 6 2 ,5 5 1
7 1 4 ,1 8 0
s—
altogether 68 roads or systems, and of these 10 show S t . 1L9o0u6i------- 1 ,9 2 0 ,2 7 2 1 5 ,0 8 3 ,4 7 9 2 5 ,6 2 3 .0 5 0 2 3 ,9 8 5 ,9 7 0 2 , 0 9 5 ,9 0 0 3 9 5 .1 1 4
5
diminished revenues, though in only one case does T o l1e 9 0 —_____2 , 1 1 6 ,0 0 5 1 7 ,7 0 4 ,1 9 3 1 3 ,2 8 3 ,6 3 0 1 5 ,7 8 5 ,2 4 0 1 ,8 7 8 .9 1 2 6 0 2 ,6 2 1
do
1 9 0 6 _____
600
4 . 1 4 4 .2 0 0
5 ,6 7 9 .2 0 0
8 ,1 6 4 ,4 6 0
4 .1 4 0
2 1 7 ,1 4 0
the amount of the decrease reach $30,000 or over.
1 9 0 5 ..................................
4 ,0 4 5 ,0 0 0
6 .1 6 0 ,8 5 0
1 0 ,3 0 1 ,4 0 0
9 ,4 5 0
3 7 3 ,0 0 0
D etro it—
1 9 0 6 _____
2 3 3 ,6 8 0
6 ,0 1 2 ,5 2 4
3 ,2 7 2 ,1 3 1
1 ,6 1 5 ,9 4 3
Speaking of the roads as a whole, the present year's
1 ,3 4 6 ,4 4 2
1 9 0 5 _____
4 ,7 4 3 .1 0 7
2 , 8 9 6 ,2 3 3
2 3 9 ,6 5 0
....................
..................
nd—
improvement follows larger or smaller gains in the C le v e9la6 ------____
1 0
6 9 .1 3 4
4 , 8 1 9 ,8 0 4
6 , 5 3 7 ,2 9 4
2 4 6 ,5 0 1
1 .7 5 8 ,7 5 3
1 9 0 5 ------4 0 ,2 8 6
8 , 0 0 7 ,2 1 5
7 0 ,2 0 6
9 4 2 ,2 2 8
6 ,9 4 6 ,2 0 8
.................
same month of every year preceding, back to 1896. P e o r i a —
1 1 ,7 7 0 ,4 0 0
1 6 ,8 3 2 ,8 0 0
1 9 0 6 ------- 1 ,0 5 1 ,8 5 0
2 ,3 0 1 ,5 0 0
1 , 0 9 4 .4 5 0
3 0 4 ,0 0 0
Last year in October there were a number of adverse
1905.
7 0 8 ,0 0 0
9 ,2 1 3 ,9 0 0
1 ,6 7 0 ,2 0 0
8 6 5 .8 0 0
1 1 ,2 3 8 ,8 0 0
2 3 2 .5 0 0
D u lu th —
influences at work, and some of the roads suffered
7 , 0 3 8 .4 9 0
1 9 0 6 _____ 4 ,0 9 0 .4 4 0
6 , 8 7 8 ,3 7 6
2 9 ,1 3 1 ,6 0 4
1 5 8 ,6 8 3
4 3 7 ,0 5 7
7 ,2 0 3 ,7 3 0
1 9 0 5 . . . 3 .2 4 0 ,9 0 0
2 6 1 ,0 5 8
7 , 2 0 8 ,2 9 5
1 8 ,9 8 4 .5 5 0
4 1 1 ,1 7 3
seriously as a consequence; but in the aggregate there M I n n e a p o l i s —
1 8 ,6 2 6 .6 8 0
3 ,1 1 2 ,7 4 0
8 , 3 3 9 ,2 3 8 1 .0 5 9 ,7 0 4
1 9 0 6 .................................
6 3 ,4 5 4 .6 1 0
1 9 0 5 ...............................
3 .4 5 8 ,4 6 1
1 9 .5 6 6 ,0 7 0 1 0 ,6 3 2 ,6 6 0 1 ,1 8 3 ,4 2 3
6 6 .6 7 8 .3 4 5
was nevertheless an increase of $3,421,673, or 5.46 K a n s a s C i t y —
____ _________
4 . 7 9 8 .0 0 0
1 2 ,5 5 8 ,4 0 0
1 9 0 6 ..................................
3 1 ,0 2 4 ,0 0 0
per cent. In October 1904 the gain was $2,450,272,
4 . 2 7 4 .0 0 0
3 2 ,9 2 8 ,7 0 0
1 0 0 5 - ............................
1 3 ,2 5 3 .7 0 0
....................
..............
or 3.83 per cent. The following shows the record T o ta l o / a l l —
1 9 0 6 ------- 1 7 ,2 4 9 .1 9 7 1 7 7 ,6 6 9 ,8 3 3 1 5 8 ,6 6 8 ,2 6 3 1 7 5 ,9 0 7 ,0 9 1 4 8 ,9 9 8 .3 4 0 4 . 7 7 9 ,0 1 8
for each of the last 11 years.
1 9 0 5 ------- 1 4 ,8 9 3 ,4 4 1
1 7 1 ,2 7 7 ,5 5 4 1 5 4 ,9 1 5 .2 4 3 1 6 1 .4 4 8 .4 9 7 5 5 .4 0 5 .1 6 1 5 .3 0 5 .4 3 5
1202
TH E CHRONICLE
Nor did Western roads escape a falling off in the
live-stock movement. It is true that 1,329,100 head
of sheep were brought in at the six leading primary
markets (Chicago, Kansas City, Omaha, St. Louis,
St. Joseph and Sioux City) the present year as against
1,303,600 head in October 1905, but on the other
hand the deliveries of hogs at the same points were
only 1,107,600 head against 1,313,000 and the de
liveries of cattle 1,068,700 against 1,100,100.
Southern roads, as already indicated, were favored
by a much larger cotton movement. The crop is a
more abundant one than the short crop of the previous
season, and though it has been late in maturing, the
movement latterly has been on a very extensive
scale. At the Southern ports the receipts were
1,798,665 bales in October 1906 against only 1,425,666
bales in October 1905. The movement even exceeded
the large total of 1904, when the receipts were 1,726,936
bales. The shipments overland were, however, not
■equal to those of two years ago, the comparison being
98,280 bales for 1906 against 79,398 bales in 1905 and
114,729 bales in 1904.
[V O L . L X X X 1II
E A R N IN G S OF M ID D L E A N D M ID D L E W E S T E R N G R O U P ,
October.
1906.
$
Buff.Iioch.& P.
809,088
Chic. Irid. 6c L.
531,474
Gr. Tr. of Can]
Or. Tr. W est A 53,892,357
Det.G .H .&M .J
Illinois Central 4,920,342
N .Y.C .& H .R .p 8,592,458
T ol. Peo. 6k W_
117,069
T ol. St. L. 6cW
330,204
W abash ........... 2,580,285
W heel. 6c L. E.
526,103
1905.
1904.
$
818,836
533.268
$
746,399
514,158
3,572.756
3,344,181
4,351,144
8,138,376
119,622
345,751
2,150,224
470,094
4,577,741
7,176.818
109,057
359,775
2,543,165
418,801
1903.
$
710,166
521.842
(2,514,034
{ 581,547
1 126,042
4,357,333
7,166,763
116,060
290,278
2,206,296
408,859
1902.
----—
S
704,513
461,102
2,394,805
446,745
113,876
4,044,808
6,799,355
117,313
262,542
1,970.096
373,969
1901.
$
643,998
420,141
2,252,216
385.914
101,710
3,752,331
6,915,319
110,371
245,543
1.805,700
328,280
T o ta l.............. 22,299,380 20,509,071 19,790,095 18,999,220 17,689,124 16,961,523
b Includes in 1906, 1905 and 1904, but not in the earlier years, earnings of Canada
& Atlantic.
Q The Fall B rook System , the Beech Creek R R . and the W allkill V alley R R . and
Boston & A lbany included for all the years.
E A R N IN G S O F S O U T H E R N G R O U P .
October.
1906.
1905.
1904.
1903.
1902.
1901.
$
315,506
$
298,766
S
274,320
S
239,431
S
239,683
233,706
104,959
89,209
1,080,492
710,650
3,579,772
790,910
4,666,160
616,068
223.355
126,868
129,518
1,107,704
656,582
3,476,534
784,942
4,434,303
854,451
228,490
121,882
134,670
959,995
606,750
3,413,903
716,373
4,172,823
730,330
195,893
108,170
119,649
879,998
502,973
3,156,572
639,675
3,872.389
758,954
190,922
105,333
93,945
796,703
473,529
2,775,303
572,024
3,584,111
666,434
13,398,818 12,187,432 12,093,023 11,359,586 10,473,704
9,497,987
S
Ala. Gt. South.
a333,857
A la.N .O .& T .P .
N .O . 6c No.E.
283,803
Ala. & V icks_
131,685
Vicks.Shr.&P.
133,822
Central o f Ga-_ 1,097,733
C.N.O.&T.Pae.
a722,777
Louisv.& Nash. <24,057,350
Mobile & O hio.
867,267
Southern _____ 5,003,129
Y azoo & M. V_
767,395
T ota l_______
a Fourth week not y et reported- taken same as last year.
d Includes earnings of A tlanta K n oxville & Northern in 1904, 1905 and 1906.
.
E A R N IN G S OF S O U T H W E S T E R N G R O U P .
R E C E IP T S O F COTTON A T S O U T H E R N P O R T S IN O C T O B E R , A N D FRO M
J A N U A R Y 1 TO O C T O B E R 31 1906, 1905 A N D 1904.
Since January 1.
October.
' •
Ports.
1906.
G alveston______ bales
P ort Arthur, & c____
New Orleans_______
M obile _ _ _ _____
Pensacola, & c_______
Savannah _ _ ______
B runsw ick, _ ______
C h a rle s to n ______
G eorgetow n-------------W ilm in g ton .. ______
N orfolk
___________
N ew port News, & c___
T o ta l.
1905.
1904.
1906.
736,662
25,677
323,969
40,896
21,988
345,866
27,112
42,181
334
116.460
117,131
389
545,180
18,692
190,017
49,018
14-804
311.870
22,491
37.802
138
92,329
142,658
667
495,472 2.026,552 2,041,276 1,534,219
202,111
66,211
17,947
78.022
407,019 1,217.858 1,461,220 1,242,267
131,103
59,276
141,771
205,956
121,650
75,605
31,868
126,828
932,308
378,559
960.173 1,320,766
67,860
22.099
98,161
103,233
131,099
98.810
149,036
61,398
472
118
1,050
415
189,021
102,521
206,306
185,557
611,690
359,352
149,713 337,453
17,470
946
24,384
12,954
1905.
1904.
__________ 1,798,665 1,425,666 1,726,936 5.305,938 6,430,758 4,743,523
With the roads collectively recording such striking
improvement in earnings, it is hardly needful to say
that the showing by the separate roads is much the
same. In other words, there are many gains of large
magnitude. Many of the biggest railroad systems
in the country are not represented in these early
preliminary compilations, but among the roads that
have contributed returns and which have noteworthy
increases may be mentioned the Canadian Pacific
with $1,215,000 gain, the Northern Pacific with
$740,590, the Great Northern with $484,224, the
Illinois Central with $569,198 (this is apart from
the $151,327 increase on the Yazoo & Mississippi
'Valley), the Missouri Pacific with $512,000, the
Missouri Kansas & Texas with $507,448, the Louis
ville & Nashville with $477,578, the N. Y . Central
with $454,082 (this is on the N. Y . Central proper;
for the N. Y . Central System the increase foots up
$1,298,673), the Wabash with $430,061, &c., &c.
Below we show all changes for the separate roads,
whether increases or decreases, for over $30,000.
P R IN C IP A L
CHANGES
IN
GROSS
E A R N IN G S
IN
OCTOBER.
Increases.
C a n a d ia n P a c ific __________ $ 1 ,2 1 5 ,0 0 0
N o rth e rn P a c ific __________
74 0 ,5 9 0
Illin o is C e n tra l____________
5 6 9 ,1 9 8
M o . P a cific (2 r o a d s )______
5 1 2 ,0 0 0
50 7 ,4 4 8
M o . K a n sa s & T e x a s _____
G reat N o rth e rn (2 r o a d s ) _____ 4 8 4 ,2 2 4
L o u is v ille & N a s h v ille ____
47 7 ,5 7 8
N e w Y o r k C en t. & H u d .R .
4 5 4 ,0 8 2
W a b a s h ____________________
4 30,061
L a k e S h ore 6c M ich . S o u th .
35 7 ,6 3 3
S o u th e rn R a ilw a y ________
33 6 ,9 6 9
G ra n d T r u n k (4 r o a d s ) ___
319,601
'T exas & P a c ific ___________
31 7 ,3 0 9
C a n a d ia n N o r t h e r n _______
25 8 ,0 0 0
C le v . C in . C h ic. & S t. L _ _
2 0 2 ,4 1 3
M ich ig a n C e n tra l__________
17 4 ,5 7 8
X nternat. & G rea t N o r t h .
17 4 ,5 0 0
Y a z o o & M iss. V a lle y ____
1 5 1 ,3 2 7
Increases.
$ 1 4 1 ,3 6 7
S t. L o u is & S o . W e s t ____
C o lo . & S o u th e r n __________
12 7 ,4 9 3
A la . N . O . & T . P . (3 ro a d s)
12 1 ,4 3 6
M in n . S t. P a u l & S. S t . ___
10 5 ,9 4 7
C h ica g o G re a t W e s t e r n ___
1 0 4 ,5 6 0
P itts b u r g h & L a k e E rie _ _
9 7 ,3 2 8
W e s te r n M a r y la n d ________
8 7 ,7 6 8
M o b ile 6c O h io ____________
7 6 ,3 5 7
W h e e lin g & L a k e E r ie ____
4 7 ,0 0 9
D e n v e r & R io G r a n d e ____
4 3 ,8 0 0
G u lf 6c S h ip I s la n d _______
3 0 ,2 8 6
T o t a l (36 r o a d s ) ________ § 8 ,6 6 5 ,8 6 2
Decreases.
M in n e a p o lis 6c S t. L o u i s . _
T o t a l (1 r o a d ) ___________
$48,881
$ 48,881
To complete our analysis, we furnish the following
six year comparisons of the earnings of the more
important roads, arranged in groups.
October.
1906.
1905.
1904.
Col. & South.a
Den. 6c R io Gr.
Int. & Gr. Nor.
Mo.Kan. & T ex.
M o.Pac.& C Br.
St. L . & So. W .
Texas & Pacific
S
1,160,561
1,864,200
903,100
2,672,912
4,388,000
985,419
1,458.721
S
1.033,068
1,820,400
728,600
2,165,464
3,876,000
844,052
1,141,412
S
805,895
1,682,378
699,047
2,360,926
4,244,426
909,697
1,341,776
Total _
1902.
1903.
1901.
S
695,936
1,597,944
628,022
1,891,465
3,693,833
774,743
1,167,442
S
s
797,190
917,431
1,629,687 1,689,176
665,966
687,487 '
1,974,414 1,894,856
4,067,477 3,764,590
779,740
733,489
1,184,835 1.168,905
____ 13,432,913 11,608,996 12,044,145 11,194,820 10,760,423 10,449,385
a F or 1905 and 1906 includes Colorado & Southern, F ort W orth & D enver City
and all affiliated lines except the T rin ity & Brazos V alley; for previous years we
have com bined Colorado & Southern and F ort W orth & D enver City.
* E A R N IN G S
October
OF
NORTHW ESTERN
1906.
Canadian P a c,
Chic.Gr.W est.a
Dul.So.Sh.&Atl
Gr. Nor. Syst
Iow a Central. .
Minn. & St. L_
M .S tP .& S .S .M
Northern P a c.
S
6,918,000
899,620
294,288
6,192,435
293,334
335,805
1,274,680
7,003,284
1905.
S
5,703,000
795,060
269,901
5,708,211
284,654
384.686
1,168,733
6,262,694
AND
NORTH
1904.
P A C IF IC
1902.
1903.
S
4,743,962
764,S64
230,156
4,817,317
247,118
309.382
938.096
5,377,836
GROUP.
S
4,488,264
839,569
233,636
5,006,972
219,523
299.164
802,550
5.243,537
1901.
S
4.127,402
753.616
259,206
4,877,208
227,736
341,996
S44.468
5,328,185
§
3,582,403
739,820
231,160
4,163,408
255.521
340,312
692,109
4,642,635
T o ta l_______ 23,211,446 20,576,939 17,428,731 17,133,215 16,759,817 14,647,368
a Results are based on 111 miles less road after 1903.
G R O SS E A R N IN G S A N D M IL E A G E IN O C T O B E R .
M ileage.
Gross E arnings.
Name of Road.
1908.
$
Alabama Great Southern- 2/204,263
Ala New Orl 6c Tex Pac—
283,803
New Orl 6c Nor East_
_
131.685
Alabama 6c Vicksburg,
133,822
Vicks Shreve 6c Pacific,
5,250
Bellefonte Central _
809,088
Buffalo Rochester 6c Pitts
192,053
California Northwestern,
815,100
Canadian Northtern----Canadian Pacific------------ 6,918.000
1,097.733
Central of Georgia —
12,078
Chattanooga Southern_
_
899,620
Chicago Great W estern,,
531,474
Chic Indianap & Louisv,
211,600
Chic Indiana 6c South'll,.
149,297
Chicago Terminal Transf,
Cine N O & Tex Pacific, _ 2/480,623
84,730
Cincinnati Northern __ _
2,270,095
Cleve Cine Chic 6c St L —
282,640
Peoria 6c Eastern, _
Colorado 6c Southern (i ncl
Ft Worth 6c Den City) , 1,160.561
Denver & Rio Grande_
_ 1.864,200
102,598
Detroit 6c Mackinac _
Det Tol 6c Iron-ton (i ncl
366,427
Ann Arbor system)___
294,28S
Duluth So Shore & Atl —
Grand Trunk of Canada,)
Grand Trunk Western - 3,892,357
Det Gr Hav 6c Milw__ j
Canada Atlantic
J
Great Nor St P M & M.,
in cl Eastern of Minn_
_ 5,919,964
272,471
Montana Central ----192,242
Gulf & Ship Island,
Illinois Central-------------- 4,920,342
903,100
International & Gt N o r,,
293.334
Iowa Central
450,793
Lake Erie & Western----Lake Shore & Mich S o u ., 3,761,665
Louisville 6c Nashville — 4,057,350
17,074
Macon 6c Birmingham —
4,905
M anistique------------------Michigan Central----------- 2,421.325
69,340
Mineral Range-------------335,805
Minneapolis & St L ou is,,
Minn St Paul & S S M ------ 1,274,680
Missouri Kansas 6c Texas 2,672,912
Mo Pac 6c Iron Mountain, 4.243,000
145,000
C en tra l B r a n c h ----------
1905.
S
2/185,912
In c. (4-) or
D ec. (— ) . 1906.
$
+ 18,351
309
1905.
309
196
196
233,706
+ 50,097
+ 26,726
143
143
104.959
+ 44,613
189
89,209
1S9
+ 52
27
27
5,198
818,836
— 9,748
568
56S
205
205
173,108
+ 18,945
+ 258,000 2,433 1,876
557.100
5,703,000 + 1,215,000 8,776 S ,568
+ 17,241 1.890 1,878
1,080,492
+ 721
105
105
11,357
S18
795,060
+ 104,560
818
— 1,794
591
591
533,268
340
212
180,382
+ 21.218
102
102
149.336
— 39
336
336
2/468,496
+ 12,127
248
248
79.ISO
+ 5,550
2,067,682
+ 202,413 1.983 1.940
350
350
294,435
— 11,795
1,033,068
1,820,400
84,904
+ 127,493 1,663
+ 43.S00 2,532
333
+ l 7 ,694
1,646
2,470
332
372,970
269,901
— 6,543
+ 24,387
684
592
684
592
3,572.756
+ 319,601
4,528
4,0 o4
5,469,193
239,018
161,956
4,351.144
72S.600
284,654
472,693
3.404,032
3,579,772
15,819
4,547
2,246,747
67,279
384,686
1,168,733
2,165,464
3,699,000
177,000
+ 450,771
+ 33,453
+ 30,286
+ 569,198
+ 174.500
+ 8,680
— 21,900
+ 357,633
+ 477,578
+ 1,2o5
+ 35S
+ 174,578
+ 2,061
— 48,881
+ 105,947
+ 507,448
+ 544,000
— 32,000
6,039 5,974
250
250
307
2S0
4,371 4,374
1,159 1,159
558
558
886
1,520
4,290
105
78
1,745
140
799
2,152
3,072
5,949
388
886
1.520
4.099
105
7S
1,745
140
799
1,828
3,043
5 ,S49
388
Nov. 17 1906.]
Gross Earnings.
A time of Road.
$
867,267
33,701
8,592.458
848.609
7.003.284
1.272.168
55.489
266.796
985.419
44,645
141.389
5.003.129
123.678
1.458.721
117.069
330.204
67,835
89.912
2,580.285
471 .347
526,103
767.395
Mobile 6c O h io .____ ____
Nevada Calif & Oregon.
N Y Central 4c Hud Rlv .
N Y Chio & St Louis ___
Northern Pacific
.........
Pittsburgh & Lake Erie .
Rio Grande Southern___
Rutland
- - - - - - _______
St Louis & Southwestern
Sierra R ailw ay, _________
Southern Indiana_______
Southern Railway . —
Texas Central__ ______
Texas 60 Pacific
—
T oledo Peoria & Western
T oledo St L & W estern ..
Toronto Ham & Buff. . .
Virginia & Southwestern.
W a b a sh ______ __ _____
Western Maryland _____
Wheeling & Lake Erie__
Y azoo & Miss V alley___
1905.
5
790.910
26.769
8.138.376
843.127
6,262.694
1,174.840
50.697
252.713
844.052
32,498
127.205
4,666,160
98.209
1.141.412
119,622
345.751
65,964
82,424
2.150.224
383,579
479.094
616.068
5
4-76,357
4-6,932
4-454.082
4-5.482
4-740.590
4-97.328
4-4.792
4-14,083
4-141.367
4-12.147
+ 14,1*4
4- 336,969
4-25,469
4- 317.309
— 2,553
— 15.547
4- 1,871
4-7.488
4-430.061
4-87.768
4-47.009
4-151.327
1905.
926
144
3.774
523
5,695
191
180
46 8
1 .441
76
926
144
3.774
523
5.773
191
180
468
1,451
76
BANKS— Nnt' York. Low.
America, Bank o f................._ 530
Amer. Exch. Nat. B an k.. . 250
Commerce, Nat. Bank o f___ 180
Gallatin National Bank_____309
Manhattan C o., Bank of the. _ 29536
Snares.
Mileage.
Inc. ( + ) or
D ec . ( ~). 1906.
1906.
1203
c h r o n ic l e .
the
201
530
250
180
369
295 4
245
176
34 Mechanics’ Nat.Bank -
245
Last previou s sale.
530
Oct.
250
Oct.
180
Oct.
369
May
295 4 Aug.
245
Oct.
176
Feb.
75 Phenix National Bank .........170
TRUST COMPANY — New York.
1021 1021 June
10 N. Y. Life Ins. &Tr. C o .........1021
TRUST COMPANY— Brooklyn.
15 Wllllamsburgh Trust Co_____ 220 4 220 4 220 4 Oct.
1906
1
906
1906—
1906—
!906
1906—
1904—
529
255 \i
185
395
295.4
255
100
1906
1020 4
1906
220
201
7,550
High. Close.
21
25
50
18
31
7,200
— The task of working out a plan for currency reform,
1,826 1.826 which for four days occupied the attention of the members
248
248
451
451 of the Currency Commission of the American Bankers’
88
88
134
134 Association and the members of the New York Chamber of
2,517 2.517 Commerce Currency Committee, at their joint conference
536
477
488
488 which opened in Washington on Monday last, has been
1,239 1 , 2 1 0
successfully completed.
The conference adjourned on
Total ( 6 8 roa d s)______ 86.795,590 78,007,440 + 8,788,150 92,760 90,499
Thursday subject to the call of the Chairman, A. Barton
Net increase 111.26% '
Hepburn. The following is the plan agreed upon and signed
Mexican Roads mot inclu ded in tota Is.)
736
524,S66
+ 38.213
736 by the fifteen members of the Bankers’ Association and
494.653
Interoceanic of M exico__
+ 108.497
556.520
907
884
675.017
Mexican International_
_
+ 18,700
321
321 concurred in by F. A. Vanderlip and Charles A . Conant of
1/363.200 2/354.500
Mexican R ailw ay_______
+ 17,486
94.592
263
113.078
263
Mexican Southern____ _
+ 12,994 1,730 1,730 the Chamber of Commerce Currency Committee, and also, it
National RR of M e x ico .. 1.235.461 1,107,467
•y Figures here given are for three weeks only of the month In both years; is reported, by Charles N. Fowler, Chairman of the Banking
fourth week not yet reported.
and Currency Committee of the House of Representatives.
GROSS EARNINGS FROM JANUARY 1 TO OCTOBER 31.
Newspaper accounts state that the plan has likewise been
approved by the Secretary of the Treasury and the Comp
Increase. Decrease.
1906.
1905.
Name of Road.
troller of the Currency who met with the Conference.
S
S
$
$
y 3,136,059
Alabama Great Southern._
Ala New Orl & Tex Pacific
New Orl & Nor Eastern.
Alabama & Vicksburg_
_
Vicks Shreve & Pacific. _
Bellefonte Central________
Buffalo Rochester & Pittsb
California Northwestern_
_
Canadian Northern_______
Canadian Pacific_________
Central of Georgia...............
Chattanooga Southern___
Chicago Great Western___
Chic Indianap 6c Louisv_
_
Chic Indiana & Southern. _
Chicago Term Transfer___
Cine N O & Tex Pacific___
Cincinnati Northern______
Cleve Cine Chic & St L ___
Peoria 6c Eastern_______
Colorado 6c Southern (incl
Ft Worth 6c Den C ity )..
Denver 6c Rio Grande_____
Detroit & Mackinac_______
Det Tol 6c Ironton (Includ
ing Ann Arbor system) __
Duluth South Shore & Atl.
Grand Trunk of Canada..)
Grand Trunk Western. _ \
Detroit Gr Hav & Milw!
Canada Atlantic______J
Great North St P M & M,
incl Eastern of Minn___
Montana Central_______
Gulf 6c Ship Island________
Illinois Central___________
International 6c Gt North*n
Iowa C en tral____________
Lake Erie <c Western_____
5
Lake Shore 6c Mich South’n
Louisville 6c Nashville_____
Macon 6c Birmingham_____
Manistique_______________
Michigan Central_________
Mineral Range___________
Minneapolis 6c St Louis___
Minn St Paul 6c S S M_____
Missouri Kansas 6c T exas..
Mo Pacific 6c Iron Mtn___
Central Branch________
Mobile 6c Ohio___________
Nevada Calif 6c Oregon___
N Y Central 6c Hud River.
N Y Chic & St Louis______
Northern Pacific__ ____ !
Pittsburgh 6c Lake Erie_
_
Rio Grande Southern_____
Rutland ___ _____________
St Louis Southwestern____
Southern Indiana________
Southern Railway________
Texas Central____________
Texas 6c Pacific___________
Toledo Peoria 6c Western. _
Toledo St Louis 6c Western
Toronto Ham & Buffalo__
Virginia 6c Southwestern..
Wabash_________ 5_______
Western Maryland________ .
Wheeling 6c Lake PZrle_____
Yazoo 6c Miss Valley_
_
2/2,692,687
•oy
>
443,372
To the Members of the American Bankers' Association:
2,189.854
465.163
2.655,017
1,020.956
185,850
1,206.806
994.962
1,227.375
232,413
49,574
46,586
6,073.766
7,149.929
1,314.726
1,381,750
3.461,700 2,046,400
5,508,100
55.496.969 43.331.344 12,165,625
8.456,004 1,034,697
9,490,701
96.616
28.479
125,095
949,499
7,314,148
6,364,649
77.121
4.920,712
4.843,591
155,958
1.895.856
1,739,898
1,328.722
93,667
1,422.389
y l ,080,552 2/6,080,288 1,000,264
704,021
158,888
862,909
20,368,280 18,420,019 1,948,261
2,346,238
190,243
2,536,481
10,118,380
16.693,918
1.029,325
8,530,591
14,807.741
846,401
2.889,309
2,445,495
388,959
208.371
34,107,254
31,142,571
2,964,683
43,328.625
2,339,666
1,916,676
44.713,465
5.927.710
2,497.979
4.384,354
35,546,443
37.564,403
133.888
88,366
21,612,133
618,018
3,040,590
10.148,790
18,373,226
36.966,493
1,419,513
8,263,297
209,357
76.254.649
8.165,360
53,316,249
12,090.432
475,349
2,345,720
7,811,553
1 .273.478
45,735,447
777,561
11.386,214
1 ,034,787
3,394,121
634,418
875.434
22.109,711
4.342.765
4.471 ,690
7,504,540
36,042.900
2.076.856
1,555,059
39.714,082
5.185 ,059
2,244,780
4.110,502
31,640.229
32.379,229
115,892
83.726
19,089,879
593.952
2,869,686
8,087.862
16,484,364
33,316.527
1,539,983
6,922,810
195,248
70.715.729
7.375,906
44 ,477,776
10,508,827
410.722
2,132,306
7,052,825
1,322,481
40,619,280
658,592
9,313.898
1,047,902
3,195,779
561,331
706,433
19,456,434
3,532,256
4,156,384
6.103,802
_________
1,587,789
1,886,177
182,924
3.278,268
2,653,866
2,988
1.076,163
67,024
7,255,725
262,810
361,617
4,999,383
742,651
253,199
273,852
3,906.214
5,185,174
17.996
4,640
2 ,522,254
24,066
170,904
2,060,928
1.888.86 2
3,649,966
.
________
120,470
1,340,487
14,109
5,538,920
789,454
8,838,473
1,581,605
64,627
213,414
758.728
150,997
5,116,167
118.969
2,072,316
____________________
—
______ __
________
________
13.115
________
________
________
198.342
73,287
169,001
2.653.277
810,509
315,306
1,400.738
________
________
1,279,760
Total 167 roads) ............. 743,656,008 650,711.998 94.223,770
92.944,010
Net increase (14.28% )___
d in totals)
465,070
5.679.327
5.214,257
5.313.421 1.260.118
6.573,539
023,400
1/5.666,300 2/5,042,900
30.391
1 .042.989
1.012,598
12,236,409 10,373.317 1 ,863,092
1
\
These figures are down to the end of the third week of October
_____ _ _ _
____
Interoceanic of Mexico
Mexican International
Mexican Railway_____
Mexican Southern___
.1 HR. of Mexico
IT E M S
AB O U T
227
B A N K S,
B A N K E R S
A N D
________
only
TR U ST
C O .’ S.
— T h e p u b lic sa le s o f b a n k s to c k s th is w e e k a g g r e g a te 2 0 0
shares
tru st
and
w ere
com pany
a ll
m ade
stock s
reach
7 5 sh a re s o f s to c k o f th e
176,
th e
la st
p rev io u s
F ebruary 1904 at 100.
at
a u ction .
a
total
P h e n ix
p u b lic
of
The
25
N a tio n a l
sa le
tra n sa ctio n s
shares.
lo t
of
B a n k w a s so ld
at
h a v in g
been
A
in
m ade
in
Your Commission, appointed to consider defects in the currency system
of the United States and to suggest changes which will make the volume
of the currency more responsive to the demands of commerce, report as
follows:
We are unanimously of the opinion that changes in the existing bank-note
system are imperatively required. We. find that the present volume of
bank notes is wholly unresponsive tef the demands of commerce. It does
not expand with the need for currency In the crop-moving period, causing
stringency, nor contract when the uses for currency are less extensive, caus
ing redundancy. We find that the banks are under the necessity of part
ing with their reserve money to supply the demand for currency at certain
seasons, although that demand would be quite as well satisfied if banks
could supply their credit notes instead of depleting their reserves and caus
ing a contraction injurious to business.
To meet this situation the National Banking Act should be so altered
as to permit under ample safeguards the Issue of credit bank-notes which
would automatically adjust the volume to the demands for currency.
Such notes can be Issued under provisions which will Insure absolute
safety to the note-holder, an ample supply of currency to the public, relief
from the disturbed commercial conditions which follow the present deple
tion of reserves when an increased, volume of currency is required, and
finally the certain retirement of the notes when they have fulfilled their
purpose In the hands of the public.
While this matter is one that affects every business interest, we believe
that it concerns the general public even more deeply than It does the
bankers. It is obvious that borrowers during three or four months of the
year are forced to pay a materially higher rate of interest than would be
necessary If banks could supply the currency demand by issuing their
credit notes instead of depleting their reserves and being forced to demand
the repayment of loans in order to replenish their reserves.
When the subject is clearly understood, we believe the demand for legis
lation which will permit issues of credit notes will come even more strongly
from borrowers, whom it will most benefit, than from bankers.
The Commission unanimously agree upon the following principles which
they believe underlie a correct solution of the currency problem so far as it
relates to the issue of a bank-note currency:
A credit currency should be issued by the national banks of the country
under proper restrictions.
A bank-note is essentially the same in principle as a deposit payable on
demand. It is a book deposit converted into such form that It passes
current. It resembles in character a demand certificate of deposit or
cashier’s check— simply a current deposit liability of the bank.
It Is important In any plan seeking to provide a more flexible currency
that no measures should be taken which would impair the market value
j of United States bonds.
Authority to Issue credit notes under the same regulations should be
extended alike to all national banks, but should not be extended to any
national bank until it has been actively doing business for one year, nor
to any national bank which has not a surplus equal to 20 per cent of Its
capital.
Credit notes should be taxed at a rate which will produce a guaranty
fund sufficient to redeem the notes of failed banks. Such guaranty fund
should be deposited with the Government, and out of it the Government
should promptly redeem the notes of failed banks.
Banks should keep the same reserves against credit notes outstanding
as arc now required by law against deposits.
Active dally redemption of credit currency is the proper and only means
of making it elastic, preventing redundancy, and automatically adjusting
Its volume to the actual requirements of commerce. All banks Issuing
such notes should be required to maintain adequate facilities for their
prompt redemption In cities conveniently located in all sections of the
country, so that all notes Issued, however widely they circulate, can at
no time get beyond a reasonable distance from a redemption city.
W e therefore unanimously recommend the enactment Into law of the
following, having the firm conviction that thereby will be provided a bank
note currency safe beyond peradventure and automatically varying In
volume as needs of commerce vary.
C R E D IT BANK NOTES.
1.
Any national bank having been actively doing business for one year
and having a surplus fund equal to twenty per cent of its capital shall
1204
TH E CHRONICLE.
[V O L . LXXXI1I,
have authority to issue credit notes as .follows, subject to the rules and
regulations to be determined by the Comptroller o ! the Currency:
(a) An amount equal to 40% of Its bond-secured circulation, subject
to a tax at the rate of 2 y> % per annum upon the average amount out
standing. Provided that if at any time In the future the present proportion
of the total outstanding unmatured United States bonds to the tota
capitalization of all going national banks shall diminish, then the author
ized issue of credit notes shall be Increased to a correspondingly greater
percentage of its bond-secured notes.
(b) A further amount equal to 12 l % of its capital, subject to a tax
A
at the rate of 5% per annum upon the average amount outstanding in excess
of the amount first mentioned.
The total of credit notes and bond-secured notes shall not exceed the
capital.
RESERVE.
2. .The same reserves shall be carried against credit notes as are now
required by law to be carried against deposits.
GUARANTY FUND.
3. The taxes provided upon credit notes shall be paid in gold to the
Treasurer of the United States, and shall constitute a guaranty fund for
the redemption of notes of failed banks, and for the payment of the ex
penses of printing and the cost of redemption. In order that the guaranty
fund may be ample from the beginning, any bank making application to
take out credit notes for issue shall deposit with the Treasurer of the United
States in gold an amount equal to 5 % thereof. The unused portion of this
initial payment shall be an asset of the contributing banks respectively,
and shall be refunded from time to time when this may be done without
reducing the guaranty fund below an amount equal to 5% of the credit
notes taken out.
✓
REDEMPTION.
4. The Comptroller of the Currency shall designate numerous redemp
tion cities conveniently located in the various parts of the country. Through
the agency of the banks in such cities adequate facilities shall be provided
for active daily redemption of credit notes.
5. The provision of existing law limiting the retirement of bond-secured
notes to $3,000,000 per month shall be repealed.
6. All public moneys above a reasonable working balance, from what
ever source derived, shall be currently deposited from day to day in national
banks without requiring collateral security or special guaranty therefor;
but in no case shall the balance carried wth any bank exceed 50% of the
capital thereof. All banks receiving such public moneys on deposit shall
pay into the United States Treasury interest thereon at the rate of 2%
per annum.
of each bank to this special fund remains a part of its assets to such an
extent as it is unimpaired by drafts to make good deficiency in the guaranty
fund. As the guaranty fund grows through the natural operation of the
2.l °/0 tax on outstanding circulation, the special 5% contribution will be
A
returned to the contributing banks.
When the guaranty fund finally reaches an amount equal to 5% of the
total amount of new notes that had been taken out, the last of the 5%
special contribution will be returned, and thereafter new circulation can
be taken out with only the payment of the regular 2 H % tax and without
any initial contribution.
In addition to the right to issue new notes equal to 25% of the capital
of the bank and related to the outstanding bond-secured circulation by the
provision that they shall not exceed 40% of the bond-secured notes of the
issuing bank, the CoVnmission proposes a further issue up to 1214% of the
capital of the bank, such issue to be subject to a tax of 5% per annum
on the average amount outstanding, but to bear no relation to the amount
of bond-secured currency. It is provided, however, that no bank may
issue an amount of bond-secured and of additional notes that will in the
aggregate exceed Its capital, so that the total amount of bank notes author
ized will not exceed the amount authorized under the present law. In
view o f the high tax and the reserve required against these notes, there
will be no profit in the issue of this type of notes unless rates for money
are very high.
The means for securing prompt and frequent redemption of the new
notes involve provision for redemption bureaus connected with the clear
ing houses, located at convenient points throughout the country. Such
redemption centres are to be so numerous that there will be a point of re
demption conveniently near every national bank. While the burden of the
redemption is to rest upon the banks themselves, the rules and regulations
governing such redemption are to be established by the Comptroller of the
Currency.
OPERATION OF PROPOSED BILL.
After agreeing to certain postulates containing the general principles
governing an issue of bank-note currency, the Commission unanimously
adopted a plan for the issue of bank-notes which it will recommend to Con
gress.
The plan proposes that national banks may take out notes in addition
to those authorized by the present law. These additional notes may be
issued, under a tax of 2 % per annum, to the amount of 40% of the bondsecured circulation of the issuing bank, but shall not exceed 25% of the
capital of the bank. The provision establishing such a relation between
the bond-secured notes authorized by the present law and the additional
notes proposed is for the purpose of preventing any tendency on the part
of the banks to sell Government bonds now held to secure circulation
in order to avail themselves of the new circulation. Such action is taken
because it is desired that the measure proposed, if enacted, shall not tend
to depress the market for Government bonds.
It is not proposed to have any part of the assets of the bank specially
pledged to secure the notes or hypothecated with any outside authority.
The notes will, however, be protected by the same legal reserves as are
required by existing law against deposits— in reserve cities 25% and in
country banks 15%.
It was decided that the claim of the notes of a failed bank upon the
assets of the bank should not be given a prior lien to the lien of the de
positors. It was felt that as the guaranty fund itself, with the addition
of a pro rata claim upon the assets with the depositors, would afford
adequate protection for the notes, it was not necessary to impair the share
of the depositor in the remaining assets by giving preference to the holder
of a note.
Another measure of conservatism proposed, in order to prevent the issue
of notes by weak banks when the notes might not be required by legitimate
commercial conditions, is that no bank shall have the power of issuing the
new notes which has not a surplus of 20% , and no bank shall have the power
of issue of these notes until it has been in operation for one year.
The tax upon the new issue of notes, at the rate of 2 A % per annum,
is to be payable semi-annually to the Government, and will form a guaranty
fund out of which the Government -will promptly redeem the notes of
failed banks and will pay the cost of printing and the expenses of the current
redemption of the new notes.
In case of the failure of a bank, its notes will be at once redeemed on pre
sentation to the Government, and the Government will have a lien to make
good the guaranty fund so far as possible from the assets of the faiied bank.
The Commission is confident that the tax proposed will create a fund
many times larger than the demand upon it to meet the notes of failed
banks, but it recognizes that in case of several failures of issuing banks,
immediately after the passage of the law and before any considerable
amount had been paid into the guaranty fund, the fund might be insufficient
temporarily to meet the demands made upon it. To guard against such
a contingency, it is proposed that a bank shall on applying for the new
currency at once pay into the Treasury 5% of the amount applied for.
Should there be a temporary deficiency in the guaranty fund, that defi
ciency would be made good from this special 5% fund
The contribution
Appellate Division, Third Department, sustaining the
opinion of Referee D Cady Herrick regarding the payment
of interest to the depositors of the failed Merchants’ Trust
Company of this city.
The referee had held that the
depositors were entitled to interest from January 1 1905
to May 23 1905, the day of the. company’s failure, at the
contracted rate at which they originally placed their separate
accounts with the institution, and since May 23 to the date
of final settlement at 6 % . It was in answer to an appeal
made by certain stockholders who had taken exception to
the opinion that this week’s decision was handed down.
The depositors of the company have received the full 100%
of their claims, and the final accounting of the receivers,
the New York Trust Company and Douglas Robinson, made
this summer, was referred to in these items on August 4.
— After several adjournments, the Pittsburgh Clearing
House Association met on the 8th inst. and unanimously
voted to adopt the report of the special committee appointed
to revise the by-laws of the organization. It is stated that
among the principal features of the new rules is one that
provides for the examination, whenever it is deemed neces
sary, of all banks clearing through the association. The
question of issuing weekly bank statements, to which some
consideration had been given, did not meet with unanimous
For the purpose of drafting a bill to be presented to approval, and, according to the Pittsburgh “ Despatch,” was
Congress embodying the ideas in the above report, the fol- not incorporated in the committee's report. It is thought
owing sub-committee has been appointed: A . Barton likely, however, that the matter will again be taken up.
Hepburn, President of the Chase National Bank of this city,
— The Milwaukee Stock Exchange, established by the
James B. Forgan, President of the First National Bank of members of the Milwaukee Chamber of Commerce, as noted
Chicago, and John L. Hamilton of Hoopeston, 111. The in this department September 1, has been in operation since
operation of the proposed bill is outlined as follows, in a October 15. Two calls daily are held on all local securities,
statement given out by Secretary Branch of the American including mining, bank and industrial stocks.
Bankers' Association:
— A decision was rendered at Albany on Monday in the
— Ewald Fleitmann, Vice-President of the Citizens’ Central
National Bank, and of the German Savings Bank of this
city, died on Monday last in his sixtieth year. Mr. Fleitmann
was also senior member of the firm of Fleitmann & Co., dry
goods commission merchants, and a director of the Fidelity
Bank and several insurance companies. Prior to the con
solidation in 1901 of the National Citizens’ Bank and the
Ninth National Bank he was President of the first named.
— The deposits of the Northern National Bank of this city
have passed the $2,000,000 mark, having this week reached
$2,008,000. This compares with $1,245,000 a year ago.
Since March last, when Henry Dimse became President, the
gain in the deposits has been $889,000.
— The suspension of Edwin F. Raynor from the New York
Stock Exchange for a term of four years was announced on
Thursday. Mr. Raynor, who has been a member of the
Exchange since 1896, is said to have violated the rule speci
fying the rate of commissions to be charged by brokers.
— The Chase National Bank of this city is to increase its
capital to $5,000,000, the stockholders having this week
(on Monday) ratified a proposition to that effect. The pres
ent amount is $1,000,000. The manner of issuing the new
)
X o v . 17 1906.]
THE CHRONICLE.
1205
capital was to have been decided b y the directors on W ednes
d ay last, but ow ing to the absence o f a quorum the m atter
has been deferred until next week.
Joel Cook as Treasurer and Francis H .H em perley
retary of the com pan y.
as Sec
— The net deposits o f the N ational City Bank o f New
R ochelle reached the highest m ark in its h istory last week,
when th ey tou ch ed §2,000,000. The ban k , w hich w a s or
ganized in 1899, will m ove in to its new ban k building on
Main Street when com pleted n ext spring. Safe deposit
vaults and all the newest facilities will be com bined in the
construction of the new h om e. H enry M. Lester is Presi
den t, Joseph T . B row n, V ice-P resident, and G. F. Flandreau x, Cashier.
10 p . m ., and if the business warrants the institution m ay
develop into a regular day-an d -n igh t bank.
— F . L. Phillips has resigned as V ice-President and Treas
— The Tim es Square Branch o f the M echanics’ & Traders’ urer of the Guarantee T itle & Trust Com pany of Pittsburgh
B ank o f this city has rem oved from B roadw ay and F orty - P a., to becom e identified after Jan. 1 with the firm of Sear
sixth Street to the A stor Theatre B uilding at B roadw ay & ing & Co. of New Y ork .
F orty -fifth Street. F or the convenience of its custom ers the
— Form er V ice-P resident Daniel G. D on ovan has replaced
branch will transact business b eyon d the custom ary banking J. N. H artm an, resigned, as P resident o f the C ity B ank of
hours, rem aining open in the evening to as late an hour as M cK eesport, Pa.
business warrants. It will not, h ow ever, keep open all night,
— An application to organize the U nion N ational B ank o f
as has been reported.
New Castle, P a ., capital §100,000, was a pproved on the 5th
— The latest statem ent o f the Corn E xchan ge B ank of this inst.
city for N ovem ber 14, ju st issued, shows a n oticeable growth
— W ith a change in the nam e of the W ash in gton Savings
in business, its deposits increasing §3,416,386, or nearly Bank (of W ash in gton , D . C .) to the W ashington E xchan ge
S 1 -3 % , since the same date a year ago. The capital, surplus B ank, the institution becom es a d ay-a n d -n ig h t ban k . The
and undivided profits now stand at §7,767,610 56, net de change goes into effect abou t the 15th in st., when the bank
posits are §44,714,378 28 and total resources §5 2 ,4 8 1 ,98S S4. rem oves to its new loca tion . B y a v o te o f the stockh olders
The significance of the statem ent, h ow ever, is that it attests the capital has been increased from §100,000 to $150,000,
the popular approval given to branch banking as conducted the new stock to be sold at $125 per share. T he institution
b y this institution. W ith headquarters at W illiam and is controlled b y the U nion Savings Bank o f W ashington.
Beaver streets, the Corn E xchan ge Bank operates tw enty— The usual v olu m e, reporting in full the proceedings of
one branches throughout Greater New Y o rk , and through
the annual m eeting o f the Ohio B ankers’ A ssociation , has
them it successfully carries on a large banking business.
been issued b y Secretary S. B. R ankin o f South Charleston,
These branches, scattered all over the cityr, have been instru
Ohio. The present num ber covers the sixteenth con v en tion ,
m ental in building up the institution to its present size.
held at P u t-in -B a y on A ugust 15 and 16, references to
The execu tive staff includes: W illiam A . Nash, President;
which appeared in these colum ns on A ugust 18 and 25.
W alter E . Frew , V ice-President; Fredei’ick T . Martin,
— The election of officers o f the new W est E nd Bank &
Cashier; W illiam E . W illiam s and W illiam E . K etch u m ,
Trust C om pany o f Cincinnati to o k place on the 7th inst.
Assistant Cashiers.
H . H . Suydam has been chosen President; E. V . Overm an
— Group V I II. o f the New Y o rk B ankers’ A ssociation will
and H arry Manss are the V ice-P residents, and H . F. Frohm an
hold its annual ban quet on Jan. 30 1907 instead o f in De
is Secretary and Treasurer. The com p a n y has been organ
cem ber as in other years.
ized with a capital o f §50,000, and is to begin business on
— A dividend of 1 5 % was declared on the 2d inst in favor D ecem ber 15.
o f the depositors of the failed Federal B ank o f this city.
— The experim ent o f rem aining open after the usual ba n k
This makes a total of 3 5 % paid, a 2 0 % dividend having been ing hours has been started b y the E uclid A ven u e T rust
distributed shortly after the institution suspended in April C om pany o f Cleveland at its m ain office , 418 E uclid A ven u e.
1904. The receiver is Leo Schlesinger, o f th e M echanics’ & F or the a ccom m oda tion o f its patrons the ban k has d ecided
Traders’ B ank.
to keep its doors open on W ednesdays and Saturdays until
— Form er Judge Morgan J. O ’ Brien has been elected to
the directory o f the M etropolitan Bank of this city.
— The Bayonne B ank, o f B ayon n e, N. J ., is to be con
verted into the First National Bank o f B ayon n e, and its
capital increased from §50,000 to §100,000. The proposition
to enlarge the capital has been ratified b y ,th e stockholders,
and the application for the proposed conversion approved
b y the Federal authorities. The new title will be adop ted
on January 1. The bank com m enced business in A pril
1903. George Carragan is President.
— An order has been issued authorizing John H . Lascelles,
as receiver, to pay a dividend o f 1 0 % to the stockhold
ers o f the Am erican E xchange Bank o f B uffalo, N. Y .
Full paym ent was made to the depositors o f the institution,
which suspended in May 1898. Including the present one,
nine dividends aggregating 6 0 % are reported to have been
paid to the stockholders.
— H enry P. C ox, President o f the Mercantile Trust Com
pan y of P ortland, M e., died on the 11th inst. He was
fifty-seven years of age.
— M ayor T om L . Johnson o f C leveland has been elected
to the presidency o f the D epositors’ Savings & T rust C om pany
o f C leveland, the newest a d dition to the banking institutions
o f that city . E . W . D o ty has been chosen Secretary o f the
com pan y and J. P . K raus the Treasurer.
The concern is
to open in January in the quarters form erly used b y the
C ity Trust C om pany in the Superior B uilding. The cap ital,
as voted N ovem ber 3, is to be $300,000.
— F . H ohlfelder has been a ppoin ted Chief A u d itor of the
Cleveland Trust C om pan 3 o f C leveland, O hio, entering u pon
r
the duties o f the o ffice on the 15th inst.
— W . F . Foss has succeeded C. R . Crain as President of
the Springfield N ational B ank o f Springfield, Ohio.
— H . A . W ood ru ff is successor to Frank S. C olem an,
resigned, as A ssistant Cashier o f the Old N ational Bank of
Grand R apids, Mich.
— H enry J. E vans has been elected V ice-P residen t of the
Prairie State Bank o f C hicago, succeeding George W ood la n d ,
who was recently chosen President. The bank has tw o new
directors in R a ym on d W . Stevens, V ice-P residen t of the
Illinois L ife Insurance C om pany, and H arry R . M oore,
V ice-President o f the Prairie N ational B ank o f Chicago.
— John S. Runnels has been elected a d irector of the
Merchants’ Loan & T rust C om pany o f Chicago in the place
made vacan t b y the death of Marshall Field.
— The late John C. W ellin g, First V ice-P residen t o f the
Illinois Central R ailroad C om pany (who died o f acute
— The establishment of a new Philadelphia financial insti bronchitis on the 9th in s t.), was a d irector in the Illinois
tution under the name o f the Logan Trust C om pany is Trust & Savings Bank and the Corn E xchan ge N ational
planned, according to the Philadelphia newspapers. The Bank o f Chicago. Mr. W elling was born in 1840 near Pen
com p an y is to have a capital of $500,000 and a surplus of nington, N. J ., and entered the service o f the Illinois Central
§125,000, and will begin business early the com ing year, in in 1874.
the vicinity of Broad and Chestnut streets. It is reported
— A m brose L . T hom as, o f the advertising agen cy of L ord
that R oland C om ly will be President and W illiam Bradway & T hom as, who died suddenly in Chicago last week, was a
Secretary and Treasurer of the new organization.
director in the M etropolitan T rust & Savings Bank of that city — E arly in 1907 the W estern Trust & Savings Bank of
— The directors of the United Security Life Insurance <
fc
Trust C om pany of Philadelphia have elected Vice-President Chicago will add to its present quarters in The R ook ery
1206
THE CHRONICLE.
the spacious corner room on the second floor now occu pied
b y John C. K in g & Co. This will g iv e the W estern Trust
banking-room s hardly surpassed b y any in poin t o f spacious
ness, locality and con venien ce. The. successors to K in g &
C om pany will fit up for their use the room s adjoining their
present offices form erly occu p ied b y the trust departm ent of
the Northern Trust C om pany.
[ V O L . LXXXIIT.
The institution, it is said, will con d u ct a general savings and
banking business.
— The depositors o f the M erchants’ & Farm ers’ Bank &
Trust Com pany of S hreveport, L a., received a dividend of
3 0 % on the 7th inst. The institution was placed in liqui
dation last April.
— The Com ptroller of the Currency has approved an ap
— W . E. W right, form erly b on d salesman for E verz & plication for the organization of the E xchange National
C om pany and N. W . Halsey & C om pany (Chicago o ffic e ), Bank o f Long B each, Cal. The capital is to be $100,000.
has been given charge of the bon d departm ent of the R oyal M. V. M cQuigg of Los Angeles, A . J. W allace, W illiam H.
Trust Com pany of Chicago.
W allace, R . H . Y ou n g and B. P. Daym an are interested in
— The State Bank of E van ston, 111., now has a ca p ita l the project.
— In referring lasriweek to the proposed conversion to the
of $150,000, the am ount having been increased from $ 100,000 under date o f O ctober 1. The $50,000 of new stock national system o f the Scandinavian Am erican Bank, we
was disposed o f at $200 per share, givin g a prem ium of $5 0 ,- inadvertently gave its location as L os Angeles instead o f San
000 to be added to the surplus, m aking it equal to the capital F rancisco. Through the change the institution will becom e
o f $150,000. The bank also has undivided profits of $ 2 2 ,- the M erchants’ National Bank o f San F rancisco, not Los
472. Its deposits at the present tim e are $1,656,865. The Angeles, as therein stated.
institution has under way new banking quarters in the nature
— The statem ent of the Sovereign B ank o f Canada (head
of an individual bank building constructed o f New England o ffice, T o ro n to ,) for the six m on th sen d in g October^.31, 1906,
granite. The building, which is expected to be ready for shows deposits of $15,119,660, as com pared with $11,858,296
occu p an cy in January, will include a safe deposit depart on A pril 30 1906. In the same period total assets have risen
m ent. The officers of the institution are H enry J. W alling from $18,589,010 to $25,343,401. Of the ba n k ’s authorized
ford , President; PI. H . C. Miller, Vice-President; W illiam G. capital of $4,000,000, $3,942,710 is paid in. The reserve
H oag, Cashier, and Edw in F. Pierce, Assistant Cashier.
fund is $1,335,847. D. M. Stew art is General Manager of
— The Citizens’ Trust & Savings Bank of D aven port, the institution.
Iow a, was organized on the 1st inst. with a capital and
surplus o f $100,000 each, b oth fully paid. E . C. W alsh
IMPORTS AND EXPORTS FOR OCTOBER.
has been chosen President; A . E. W alsh, V ice-P resident,
The Bureau of Statistics at W ashington has issued the
and H. R . K roh n , Cashier.
statem ent of the cou n try ’ s foreign trade for O ctober, and
— Charles W eitz Sr., President of the German Savings
Bank of Des M oines, Iow a ,.a n d a director of the V alley N a
tional Bank of that city died on the 10th inst.
— R eceiver J. T. B radley of the First National Bank of
T opeka, Kansas, began the distribution o f the second d iv i
dend of 1 5 % to the b a n k ’s depositors on the 3rd inst. The
institution failed in July 1905. The first dividen d, paid
early this year, am ounted to 5 5 % , m aking total dividends
thus far 7 0 % . The m oney for the present disbursement
is understood to have been derived principally from the
recent sale by the receiver o f securities of the Devlin-M iller
Coal C om pany, the Crawford County Coal Com pany and the
Galena Frontenac & Northern R R . Com pany.
— The annual convention o f the NebraskafBankers’ Asso
ciation , w hich was slated for the 14th and 15th in st., has
been postpon ed until the 21st and 22nd inst. The meeting
will be held at Omaha.
— H enry D . Orm sby has resigned as Cashier o f the South
ern National Bank o f Louisville, K y ., to take the Cashiership of the National Bank of K en tu ck y at Louisville. In the
latter institution Mr. Orm sby succeeds E. W . H ays, who re
linquished the p ost to take a similar office with the Commer
cial Bank & Trust C om pany of L ouisville.
from it and from previous statem ents we have prepared the
follow ing interesting summaries:
F O R E IG N T R A D E M O VEM EN T OF T H E X X I T E D STATES.
(In the following tables three ciphers (000) are in all cases om itted.)
--------------------- 1906--------------------- ------------ — :-------1905--------------------Exports. Imports.
Excess.
Exports. Imports.
Excess.
Merchandise.
S
S
S
S
S
S
January-M arch_
_ 457,881
324.353 + 1 3 3 ,5 2 8
367.447
311.858 + 55 .58 9
+ 86.955
373,522
278.083 + 95.439
A pril-Jun e________ 399.962 313.007
J u l y ______________
111,693 102.592
+ 9 ,1 0 1
107,930
84.513
+ 2 3 .4 1 7
A u gu st____________ 129.801 105.697
+ 2 4 .1 0 4
117.668
95.831
+ 2 1 ,8 3 7
S eptem ber________
138,498 102.677
+ 3 5 ,8 2 1
135.984
101987 + 3 3 .9 9 7
O c t o b e r ___________ 187,338 98,067
+ 89 ,27 1
154,373
107,445 + 4 6 ,9 2 8
T otal___________1,425.173 1,046,393 + 3 7 8 ,7 8 0
Gold and Gold in Ore.
J an u a ry -M a rch ...
20,147
10.316
+ 9 ,8 3 1
April-June_______
11,464
52.222 — 40,758
J u l y _____________
1.303
9.834
— 8.531
A u gu st___________
598
7.973
— 7.375
S eptem ber_______
2,279
31,431 — 29,152
O c t o b e r __________
7,051
27,224 — 20.173
T o t a k .,....----------42,842 139,000
Silver and Silver in Ore.
January-M arch_
_
19.165
12,677
A pril-Jun e_______
14,272
11.000
J u l y _______________
4.361
3.278
A ugust______________
4,049
2,777
S eptem ber_________
3.595
3,262
c t o b e r ____________
3,557
3,816
— A t a meeting of the stockholders o f the Trust Com pany
o f W est Virginia at Elkins, W . Va.', held on the 3rd in st.,
it was unanim ously v oted to change the name o f the insti
tution to the D avis Trust Com pany. The change will go into
effect not later than January 1. H . G. Davis is President;
S. B. Elkins, First Vice-President, and W . G. W ilson ,
Second V ice-President and Secretary and Treasurer.
— The opening of the New Farley National Bank of M on t
gom ery, A la ., is expected to occu r n ext m onth. T o this end
the banking-room s at 3 Court Square are being rapidly p u t
in shape for business. It is understood that Louis B. F arley,
who has been prom oting the organization o f the institution,
will be its President, with L. W arren T yson as Cashier. As
previously announced, the bank will have a capital of $200,000. There will also be a surplus of $20,000.
979.717 + 22 7 ,2 0 7
34.015
5.817
1,159
274
1,413
311
9 223 + 24 .79 2
7,387 — 1.570
4,973
— 3.814
3.213
— 2.939
5.544
— 4.131
10.722 — 10,411
— 96,158
42.989
41,062
+ 1 ,9 2 7
+ 6 ,4 8 8
+ 3 .2 7 2
+ 1 ,0 8 3
+ 1 .2 7 2
+331
— 259
12,592
12,490
4,285
4,549
5,527
4.512
6,515
8.659
2.976
2.517
3.840
2,433
+ 6 ,0 7 7
+ 3 ,8 3 1
+ 1 .3 0 9
+ 2 ,0 3 2
+ 1 ,6 8 7
+ 2 ,0 7 9
T otal________ _
48,999
36,810 + 12 ,18 9
+ Excess o f exports. — Excess of im ports.
43,955
26,940
+ 1 7 ,0 1 5
W e subjoin the totals for m erchandise, gold and silver
for the ten m onths since Jan. 1 for six years:
Merchandise.
— The directors of the National Bank of Commerce of Nor
fo lk , V a ., have recom m ended to the stockholders an addi
tion of $500,000 to the capital o f the institution, increasing
it from $500,000 to $1,000,000.
1.256.924
Ten
Months.
Iraports.
E xports.
1 9 0 6 ...
1 9 0 5 --.
1904.
1 9 0 3 ...
1 9 0 2 ...
1 901---
Gold.
Excess
E xof
Exports ports.
S
S
S
1,425.173 1,046,393 378,780
1,256,924 979,717 277,207
1,147,997 844,172 303.825
1,149,665' 840.719308,946
1.087,493 789.574 297.919
1.191.979 727,925 464,054
S
42.S42
42.9S9
86.896
41.889
32.457
36,747
Silver.
Excess
Im E xof
ports. Exports -ports.
Excess
Im of
ports. Exports
s
8
139,000 096.15S
41.062
1 927
76.740 10,156
5.222
36,667
36.025 o 3 .56S
44.53S 07,791
s
48.999
43,955
42.615
28.027
39,963
46.226
$
36.810
26.940
21.394
19.339
21.503
25 ,562
8
12.1S9
17.015
21,221
8.6S8
18.460
20,664
a Excess of imports.
Similar totals for the fou r m onths since July 1 for six
years make the follow in g exhibit:
Merchandise.
Four
Months.
1 90 6 -.I905_-1904_
_
1 90 3 .-I9 0 2 -1901.__
E xpons.
s
567,330
515,955
474.271
452.013
449.297
470.125
Im ports.
Gold.
IExcess
of
E xE xports ports.
S
i 8
409.033 158.297
389.776126,179
335,835:138.436
327,975124,038
333,232.'116.065
294.4S3 175,642
S
11.231
3,157
18,446
10.553
12.1S1
7,256
Silver.
Excess
Im - ; of
E xports. Exports ports.
Excess
Im of
ports. Exports
s
s
76.462 (165.231
24.452 (121.295
2S.976 (110.530
22,691(112.13S
22,8381010,657
28,610 (121,354
s
15.562
IS.S73
16.248
10.522
17.435
17.791
S
13.123
11.766
7.619
9.358
9.435
10.427
s
2,439
7.107
8,629
1.164
8.152
7,364
a Excess of imports.
— A certificate of incorporation has been filed for the Se
In these tables of totals, gold and silver in ore for all the
curity Savings & Loan Com pany Of B irm ingham , Ala. years are given under the heads respectively of gold and
The capital has been fixed at $500,000. F. W . D ixon, silver.
W . J Cameron, Jerom e A. T ucker, R . V. M obley, Joseph E.
The follow ing shows the merchandise balance for each
Johnson and Glynn F. Crampton are the incorporators. year back to 1S75.
Nov. 17 19#6.j
1207
THE CHRONICLE.
E X C E S S O F M E R C H A N D IS E IM P O R T S O R E X P O R T S .
| 10 months e•riding Oct. 3 1 —
4 months t
. . Im p o rts. $ 13.973,143 1 1 8 7 5 ...
1 8 7 5 ____ .
___Im p o rts. $35,768 .355
1876
E x p o r ts . 43.586.15S 1876
. E x p orts 93,649 ,941
E x p o rts . 34,095,076 1877
1S 77.
___E x p o rts . 7 1,99 1 .189
E x p o r ts . 81.811,116 1878
1878 .
. . E x p o r ts . 237.665 ,651
E x p o rts . 86,406,582 1879
1879
___E x p o rts . 201 .443 ,193
E x p o r ts . 74.29S.997 1880
1880
_ E xp orts 105,4 62 ,491
_
E x p o rts . 32.201,956 1881
1881
___E x p o rts . 130,201 .922
Im p o rts.
4.676.046 1882
1SS2 _.
Im p orts . 44,113 .076
E x p o rts . 17,131.847 i8 s a
. . . E xp orts 63,214 ,886
1883.
1884 .
E x p o rts - 26,582.317 1884 . .
___E x p o r ts . 37 ,338 .152
1885.
E x p o rts .
6,155,030 1885
. . E x p orts _ 61.468 .823
1886
1880
2,235 .930
___Im p orts
1 8 8 7.
Im p o rts .
3,200,743 1SS7
___Im p o r ts . 30,290 .870
1S88
_____ E x p o rts . 19,747,537 1888 .
___E x p o r ts . 81 ,322 ,837
E x p o rts . 15.517,670 1889 .
1889
___E x p o rts . 15,137 ,586
1890.
_ Im p o rts.
9 ,5 9 3 .SOS 1890
— _Im p o r t s . 28.315 ,168
1891 _
E x p o rts . 59,749.371 1891
___E x p o rts . 46,487 ,800
1 8 9 2 ..
_____ Im p o rts.
2.358,953 1892 .
— E x p o rts . 45,065 ,459
1893
___E x p o r ts . 22,190 ,325
E x p o rts . 82.636.681 1893
1 8 9 4 .. .
E x p o rts . 28,175.297 1894
96,661 ,369
___E xp orts
1895. .
Im p o rts. 26.370.010 1895
.
. . .I m p o r ts . 31,105 ,045
1896
E x p o rts . 132.066.428 1896.
___E x p o rts . 207,022 ,8 6 8
.E x p o r ts . 182.286,245 1897 . .
1S97 . _
___E x p o r ts . 219.248 .144
1 8 9 8 ..
E x p o rts . 164.88S.467 1898. .
___E x p o r ts . 460,169 ,226
18 9 9_.
. E x p o rts . 165,735,637 1899 _.
___E x p o rts . 370.309 ,391
1900 . . .
. E x p o r ts . 227,640,360 1900.
. E xp orts 500,255 .451
1 0 0 1 ____
E x p o rts . 175,642.832 1901. . .
___E x p o rts . 164,054 ,350
1902 .
E xp orts 116,065,178 1902
— E x p o rts . 297,919 . 199
E x p o r ts . 124 ,038.596 1 9 0 3 ._ .
1 9 0 3 ....
___E x p o rts . 308.945 ,596
1 9 0 4 ____
. E xp orts 138 .436,021 1904. . _
___E xp orts . 303,824 ,565
1 9 0 5 ..
E x p o rts . 126,179,328 1905. .
. . E x p o rts . 277,207 .117
1 9 0 6 . . . . . . ___E x p o rts .1 5 8 .2 9 7 ,0 0 0 1 9 0 6 - .___E x p o r ts . 378 879 .898
iplnu etarvjl (£omw crciaXgngl islij^eurs
(F rom ou r ow n C orresp on d en t.)
London, Saturday, November 3 1906.
The stock markets are entirely under the influence of
money. A t the beginning of the week the Bank of England,
having secured nearly the whole of the very large amount
of gold offering in the open market, the opinion spread that
the Bank would soon become strong and that discount rates
would be reduced. Consequently, although the value of
money continued exceedingly high, there was a better feeling
in the stock markets up to Wednesday night. On Thursday
the Stock Exchange was closed; and yesterday, when busi
ness was resumed, there was a general decline, mainly be
cause of the fear that money will again be extremely stringent,
and that possibly there may be an advance in the Bank rate
to 7 % . Apprehension was renewed chief!y because of the
rise in the rates for call loans in New York and the weakening
of the New York exchange upon London. It had been
hoped that Mr. Shaw would deposit large amounts of public
DEBT S T A T E M E N T OCTOBER 31 1906.
money in the depositor}'- banks; that thereby further strin
The following statements of the public debt and Treasury
cash holdings of the United States are made up from official gency would be prevented, and that possibly some of the
figures issued Oct. 31 1906. For statement of Sept. 29 1906 gold recently shipped to New York would return to London.
see issue of Oct. 13 1906, page 866; that of Oct. 31 1905, see Now it is feared that Mr. Shaw may not give the requisite
Nov. 4. 1905, page 1352.
assistance and that attempts may be made to ship more
IN TE R E ST-B E A R IN G D EBT OCTOBER 31 1906.
Amount
--------- A moitnt Outstanding--------- gold from London to New York. As the reserve of the Bank
Interest
Issued.
Registered.
Coupon.
Total.
is exceedingly low— is already, in fact, lower than it ought
Title of Loan —
Payable.
S
S
S
%
2s, Consols ol 1930_ --Q . —J. 595.942,350 589.078.050 6,864,300 595,942,350 to be— it is certain that further withdrawals of gold from the
_
3s. Loan of 190S-1S_ --Q . —
_
F. 198.792,660 34,846.360 29,099.100 63,945,460
4s, Funded loan. 1907- __Q. —J. 740,933.300 86,638,600 30.116,950 116,755,550 Bank of England for New York would lead to the raising of
4s, Refund's -certificates-Q
J.
40.012.750
25.990
4s. Loan of 1925......... —Q. —F. 162.315.400 93,587,450 24,902,450 118,489,900 the Bank rate to 7 % .
Panama Canal loan, 1916 Q —N.
30,000.000 29,935,700
64,300 30,000,000
In Germany, likewise, there is fear that money will be
Aggregate int.-bearing d e b t ..1.767,996,460 834,0S6,160 91,047.100 925,159,250 come exceedingly stringent.
The Imperial Bank up to the
Xote.— Denominations of bonds are:
present has refrained from raising its rate of discount to 7 % .
Of $10, only refunding certificates; of $20. loan of 1908; coupon and registered.
Of $50. all issues except 3s of 190S; of 3100. all issues.
But at any moment it is felt that it may do so; some gold
Of $500, all except 5s of 1904. coupon; of S I,000. all issues.
Of S5.000. all registered 2s. 3s and 4s: of S10.0U0. all registered bonds.
has, in fact, already been shipped from Hamburg to London.
Of 320,000. registered 4s, loan of 1907: of 550,000, registered 2s of 1930.
It was not withdrawn from the Imperial Bank, and it is
D E B T O X W HICH INTE REST HAS CEASED SINCE M ATURITY.
reasonably certain that the Bank would not allow with
Sept. 29.
Oct. 31.
Funded loan of 1S91. continued at 2 % , called May 18
Still, the fact that the great banks in Germany
1900, interest ceased Aug. IS 1900----------------------------$40,20000
540,20000 drawals.
Funded loan of 1891, matured September 21S91________
26,600 00
26,60000
123,50000
120.50000 hold large amounts of gold and are beginning to ship a por
Loan of 1904, matured February 2 1904-----------------------Old debt matured prior to Jan. 1 1S61 and later_________
936,07526
935,90526 tion may at any moment lead the Imperial Bank to raise its
Debt on which interest has ceased________________ S I,126,375 26 $1,123,205 26 rate.
Consequently the stock markets are weak, and there
D E B T B EARIN G NO INTEREST.
is a gradual closing of “ bull” accounts. The closing is almost
United States notes ___________ _____ _____ _____ ___________________ S346,681,016 00
The public generally,
Old demand notes--------------------------------------------------------------------------53.282 50 entirely by professional operators.
National bank notes— redemption account__________________ _____ _ 45,590,183 50
knowing that the stringency is temporary and believing that
Fractional currency, less $8,375,934 estimated as lost or destroyed..
6,865,237 28
the great prosperity of the country will continue, are very
Aggregate debt bearing no interest
S399.189.719 28
unwilling to sell what they have bought. There is a rumor,
RECAPITU LATIO N .
Increase ( + )
however, that pressure is being applied by the banks to
Classi/ication o/Debt—
Oct. 31 1906.
Sept. 30 1906.
or Decrease (— ).
In France money is very abundant, but
Interest-bearing debt............. S925.159.250 00
S925,159,200 00
+S50 00 make them sell.
Debt, interest ceased------------1,123,205 26
1,126,375 26
—-3,17000
Debt bearing no interest_____ 399,189,719 28
399,173,713 78
+ 16,005 50 the Bank of France is unwilling to allow the general public
demand for gold to be concentrated upon itself. It has, in
Total gross debt-------------- Sl.325,472,174 54 S I,325,459.289 04
+12,885 50
Cash balance In Treasury.a . . 373,300,810 25
371,213,096 15 +52.087.714 10 fact, announced that it will not discount American finance
Total net debt------------------S952.171.364 29
S954.246.192 89 — $2,074,828 60 bills.
Moreover, there is a general unwillingness in France
to discount German finance bills, and generally the inclina
a Including $150,000,000 reserve fund.
The foregoing figures show a gross debtTon Oct. 31 1906 tion is to keep large reserves. The French banks at the
of §1,325,472,174 54 and a net debt (gross debt less net present time are not increasing their balances in London,
cash in the Treasury) of §952,171,364 29.
although rates in London are so much higher than in Paris.
TR E A S U R Y CASH AND D EM AND L IA B IL IT IE S .—
There is very much uncertainty in the city as to the imme
The cash holdings of the Government as the items stood diate course of the money market. The hope is general
Oct. 31 are set out in the following:
that the 6% rate will suffice. That rate is fully effective.
ASSETS.
1
LIA B ILITIE S.
Trust Fund Holdings—
$
Trust Fund Liabilities—
S 00 Indeed on Thursday, when there was an exceptional pressure
Gold coin______________ 619,617,869 00 Gold certificates_______ 619,617,869
Silver dollars................... 477.368,000 00 Silver certificates______ 477,368,000 00 for money, although the Stock Exchange was closed, as much
Silver dollars of 1 8 9 0 ...
6.912,000 00 Treasury notes of 1890..
6,912,000 00
as 6Y2 % and occasionally even 7 % was paid for loans for
---------------------i
Total trust fund_____1.103,897,869 00
Total trust liabilities. 1,103,897,869 00
the day, while the discount rate was fully up to 5J ^% .
General Fund Holdings—
Gen. FundLiabilities—
Gold coin and bullion_
_ 109,314,500 65 National Bank 5% fund.
23,028,346 48 This state of things is attracting much gold.
On Monday
Gold certificates_______
43,659,450 00 Outstanding checks and
Silver certificates...........
3,948,551 0 0 1 d ra fts_______________
13,826.941 03 the Bank of England bought £850,000 and in addition it
Silver dollars__________
365.062 00; Disbursing officers' bal
Silver bullion---------------1.408.3.37 88i ances ______
62,130,192 12 secured nearly as much more.
It is true that the with
United States notes-----2,164.867 00! Post Office Department
Still, the additions
Treasury notes of 1890-17.482 00
a cco u n t_____________
3,971,719 20 drawals amounted to about £350,000.
National bank notes___
8.649.611 00 Miscellaneous Items____
1,477,369 39
to the Bank’s reserve are very large. The public here has
Fractional silver coin___
3,306,65 1 22
Fractional currency____
190 54 Total gen'l lia b ilities... 104,434,568 22
been somewhat mystified by the fact that the Bank, in send
Minor coin------------------967,506 481
Bonds and Interest paid.
27,759 15!
ing out its bullion statement for the week ended Wednesday
Tot. In Sub-Treas’ les. 174,029,968 92
night, shows a gain of only £455,000. That, however, is
In Nat. Bank Depositaries
Credit Treasurer of U. S . 137.754.457 Ooi
due to the fact that the £850,000 bought on Monday was not
Credit U. S. dls. officers.
11.220,889 09
refined, and consequently has not yet gone into the Bank.
Total In banks............. 148.975.346 14
Under this state of things, it is obvious that if the foreign
In Treas. of Philippine Islands—
Credit Treasurer of U. S .
2.319.595 24
Cash balance and Reserve—
demands were not large, the Bank would soon be strong
Credit U .S . dls. officers.
2.410.468 17 Total cash and reserve.. 373.300,810 25
------------------------1 Made up of—
enough to meet all Requirements. But nobody knows what
Total In Philippines..
4.730,063 41 Available ........................ 223.300,810 25
------------------------1
and
the foreign demand will be. It looks as if money were again
R esm * Fund Holdings—
IReserve Fund—
becoming stringent in New York, and it is reported that in
Gold oola and b u llio n ... 150 000,000 001 C old ib u ll. 150.000,000 00
quiries are being made in the city as to whether facilities
Grand total................. 1.581.633.247 47! Grand total.................. 1,581.633.247 47
THE CHRONICLE
1208
could not be given for obtaining gold here. Moreover, produce bills in large amounts will now be coming forward.
Then there is a fear that the Egyptian demand is not yet
nearly settled. Constantinople has, during the past few
months taken about three millions sterling in gold, a most
unusual thing; and apparently the demand is not yet satis
fied. Respecting South Africa, nobody knows what may be
taken. Therefore many good observers argue that in spite
of the fact that the Bank of England is rapidly strengthening
its reserve, the demands that are coming upon that reserve
will be so large that the reserve will fall dangerously low.
There is, in consequence, still an apprehension that the rate
of discount may have to be raised to 7 % .
The India Council offered for tender on Wednesday 40 lacs
of drafts, and the applications amounted to 274 lacs, at prices
ranging from Is. 4d. to Is. 4 l-32d. per rupee. Applicants
for bills and for telegraphic transfers at Is. 4d. were allotted
about 8% of the amounts applied for.
The following return shows the position of the Bank of
England, the Bank rate of discount, the price of consols, &c.,
compared with the last four years:
1906.
1905
Oct. 31.
Nov 1.
£
1904.
£
1903.
Nov. 2.
Nov. 4.
28,249,335
7,583,987
39,619,452
15,144,802
25,196,449
24,663,375
34,462,710
28,759,150
6,388,706
40,477,251
17,199,056
25,287,288
22,244,226
32,553,376
£
Circulation________ 28,842,180
29,189,095
P ublic deposits____ 9,602,884 13,641,351
Other deposits_____ 40,094,594 40,226,223
Governin’ t securities 15,956,166 16,840,006
Other securities____ 33,421,976
34,085,604
Reserve, notes&coin 18,157,671
20,770,645
Coin&bull. ,both dcp 28,549,851
31,509,740
P rop, reserve to lia
bilities______ p. c.
36%
38%
Bank rate_____ p. c.
6
4
Consols, 2% P- c —
86%
88 13-16
S ilv e r _____________
32 7-16d. 28 15-16d.
C lear.-housereturns286.161,000 270.695,000
1902.
Nov. 5.
£
£
29,426,675
8,441.733
40,023,754
16,416,132
27,705,844
22,232,759
33.484,434
52%
47 1-16
45 11-16
3
4
4
87%
88 5-16
93 7-16
26% d.
27% d.
23 l-1 6 d .
250.973.000 211.848.000 237.536,000
The rates for money have been as follows:
Nov. 2
6
Bank of England rate_______
Open Market rate—
Bank bills— 3 m onths------ 5% @ 6
— 4 m onths____
5%
— 6 m onths____
@ %
Trade bills— 3 m onths-----— 4 m onths____
@ %
Interest allowed tor deposits—
B y joint-stock banks_____
B y discount houses:
A t c a l l _________________
4%
7 to 14 days------------------4%
Oct. 26.
6
5%
5%
5% @ 5 %
6 @ 6%
6 6
6 6
Oct. 12.
Oct. 19.
6
5
4 9-16
4% @ 4%
4% @ 4 %
5
5
5%
5%
5% @ 5 %
6
6
6 @ 6%
3%
4%
4%
3%
3%
4%
4%
[V o l . L i m a
The following shows the quantities of wheat, flour and
maize afloat to the United Kingdom:
This week.
W heat ____________ _______ .qre. 1,399,000
Flour, equal to___________ .qrs.
Maize .... .............. ............
211,000
765,000
Last week.
1,414,000
166,000
765,000
1905-06. .
1,355,000
265,000
540,000
1904-05.
2,545,000
175,000
1,180,000
English Financial Markets— Per Cable.
The daily closing quotations for securities, &c., at London
as reported by cable have been as follows the past week:
London,
Weekending Nov. 16.
Sal.
Mon.
Tues.
Silver, peroz___________ d. 32 15-16 32 15-16 33
Consols, new, 2% percents.- 86 3- 16 86%
86%
For account-------- _ _ _ 86%
86%
86%
French Rentes (in Par.)-_fr. 95.37% 95.57
95.47%
Russian Imperial 4s.. ____ 75%
75%
75%
Amalgamated Copper Co___ 114
113%
113%
b Anaconda Mining Co_____ 13 13-16 13%
13%
Atchison Topeka & Santa Fel04
103%
103%
Preferred _ ___________ 104%
104%
104%
Baltimore & Ohio__________ 121
120%
121%
Preferred _____ _____ __ 94%
94%
94
Canadian P acific..... .......... 179
179%
178%
Chesapeake & O hio__ __
54%
55%
54%
Chicago Great Western____ 17%
17%
17%
Chicago Milw. & St. Paul--. 176
176%
17.5%
Denver & Rio Grande, com.. 40
40
40
Preferred _____ ______ 87%
87%
87%
Erie, common.... ............ ... 44%
43%
43%
1st preferred_____ ____ . 78
77%
77%
2d preferred_________ _ 69%
69%
68%
Illinois Central
_ ____ .178
178
178
Louisville & Nashville _ _146%
145%
145%
Mexican Central__________ 23%
23%
24
Mo. Kansas & Tex., com___ 35
36%
35%
Preferred - _______ __ 70%
71
71
National RR. of Mexico___ . 55
54%
55
N. Y. Cent. & Hud. River. 131%
131
131%
N. Y . Ontario & Western __ 46%
46%
46%
Norfolk & Western, com___ 96%
95%
95%
Preferred . ____ _ __. 93
.93
93
Northern Pacific__
226%
226%
225%
Pennsylvania______ _____ 73%
72%
72%
a Reading C o __ __
. 74%
73%
73%
a 1st preferred- _______ 47
47
46%
a 2d preferred__ ____ .. 49
49
49
Rock Island Co______ _ __. 29
28%
29
Southern Pacific __ ___ . 94%
93%
93%
Southern Ry. com___ ____ - 33%
33%
33
Preferred ____ ________ . 97%
97%
97%
UnionPacific.com
_ _
187%
185%
186%
Preferred
__________ .. 95
95
95
U. S. Steel Corp., com___ __. 47%
47%
47%
Preferred __ ___________ .109
108%
108%
Wabash _
_________ ___. 20
19%
19%
Preferred -------- --- ----- . 44
43
43%
82
Debenture B’s____ _____ . 83
83
a Price per share,
Wed.
Thurs.
Fri.
32 15-16 32 15-16 33 1-16
86 .5-16 86%
86%
86 9-16 86%
86%
95.42% 95.97% 96.02%
76%
75%
77%
114
115%
115
14%
14%
13%
102%
102%
101%
104%
104%
104%
121%
122
122%
94
94
94
181
182
181%
54%
55%
54
17%
18
18
188%
183
188%
40%
41
41%
87%
87%
88%
44%
45%
45%
78%
77%
78%
09%
70
69
178%
179
178%
146%
149%
149%
24
24
24
39
38
38%
72%
71%
71%
55%
55%
55%
132
131%
131
46%
47%
47%
96%
97%
96
93
93
93
230
226
230
71%
71%
71%
76
74%
75%
46%
46%
46%
49
49
49
30
30%
31%
96%
97%
98%
34
35
35
98
99
98%
188%
190%
190
95
95%
95
48%
48%
48%
107%
108
108%
20
20
19%
43%
43%
43%
82
82
82
b £ sterling
UomuxercmX mid Mixscellmuo'ixs views
National Banks.— The following information regarding
The Bank rates of discount and open market rates at the
national banks is from the Treasury Department:
chief Continental cities have been as follows:
Rales of
Interest at—
Paris _ _
_ . .. . .
B erlin.
__ ___
H a m b u r g ------------F r a n k fo r t______ .. . .
Amsterdam _ _ .. . .
B r u s s e ls _____ __ __- - Vienna __________
St. Petersburg--Madrid _
_ __ ■
_
Copenhagen ........... —
Nov. 3.
Bank
Open
Rate. Market.
3
6
6
6
5
4%
4%
7%
4%
6
3
5%
5%
5 3-16
4%
4%
4 7-16
nom .
4
6
Oct. 27.
Bank
Open
Rate. Market.
3
6
6
6
5
4%
4%
7%
4%
6
3
5
5
5%
4%
4
4%
nom.
4
6
Oct. 20.
Bank
Open
Rate. Market.
Oct. 13.
Open
Bank
Rate. Market.
2%
3
6
4%
6
4%
6
4 15-16
5
4%
3%
3%
4% 4 7-16
7% nom .
4%
4
6
5%
3
6
6
6
5
3%
4%
7%
4%
6
2%
4%
4%
4%
4%
3%
4%
nom .
4
5
Messrs. Pixleyr & Abell write as follows under date Of
Nov. 1:
G O L D .— There was no foreign com petition for gold this week and the Bank was
able to secure the whole o f the million which arrived from South A frica, with the
exception of w hat was required for India, The Bank has reduced its buying price
to 77s. 9 % d . The arrivals at the Bank total £1,057,000, o f which £715,000 is in
bars, while £365.000 has been withdrawn, chiefly for E gyp t. Arrivals— South
A frica, £1,044,000; W est A frica, £76,000; Australia, £31,000; W est Indies, £17,000;
Brazil, £10,000; Vera Cruz, £8,000; Straits, £2,000; total, £1,188,000. Shipments—
B om bay, £117,250; Madras, £7,500; total, £124,750.
S IL V E R .— W ith practically no supplies from Am erica, the market has advanced
during the week to 32 9 -1 6 d ., the same price being quoted for forward. The Indian
Bazaars have been interested as sellers rather than buyers, though to-day there have
been some buying orders from B om bay. The m arket is very steady at the close.
The Indian price is R s. 82% per 100 Tolahs
Arrivals— New Y ork , £123,000; W est
In d ies,£10,000; to t a l,£133,000. Shipments— B o m b a y ,£21,200.
M E X IC A N D O L L A R S .— A few transactions have taken place at their melting
value. Arrivals— New Y o rk , £5,2 0 0 . Shipments— B om bay, £60,0 0 0 .
The quotations for bullion are reported as follows:
G O LD .
London Standard.
Nov. 1.
s. d.
Bar gold, fine, o z _____ 77
U. S . g o l d , o z _________ 76
German gold coin, oz__ 76
French gold coin, oz___ 76
Japanese yen, o z _____ 76
Oct. 25.
s. d.
S IL V E R
London Standard.
Nov. 1.
d.
9 % 77 10%
Bar silver, fine, o z ____ 32 9-16
4% 76 5%
“ 2 mo. delivery, oz_32 9-16
4 % 76 5% Cake silver, o z ________35%
4 % 76 5% Mexican dollars--------- nom.
4% 76 5%
Oct. 25.
d.
32%
32 7-16
34 13-16
nom .
The following shows the imports of cereal produce into
the United Kingdom during the season to date compared
with previous seasons:
IM PO R TS
1906-07.
Im ports o f wheat, cw t------------- ---1 5 ,5 0 8 ,2 0 0
Barley ______
____ __
___ 5.892,500
2,104.900
O ats________________ _________
P eas___ __________ __
432,490
B e a n s ________ _____________
310,720
Indian corn ___________________ ___ 9,427,400
F l o u r __________________ _ __ ___ 2,770,300
Nine weeks.
1905-06.
15,745,600
6,016,600
2,538,500
499,535
216,130
9,606,400
2,539,000
1904-05.
20,199,200
6,020,000
2,354,700
427,366
388,841
9,271,800
2,053,600
1903-04.
16,832,609
8,502,361
2,276,167
545,759
591,718
10,67S,70S
4,021,898
Supplies available for consumption (exclusive of stock
on September 1):
1906-07.
W heat im ported, c w t _________ ---1 5 ,5 0 8 ,2 0 0
Im ports of flour __ __ _____ - - 2,770,300
Sales of h om e-grow n _____ ____ - - - 6,116,868
1905-06.
15,745,600
2,539,000
7,875,730
1904-05.
20.199,200
2,053.600
3,366,759
1903-04.
16,832,609
4,021,898
3,713,940
T otal _ ___________________ -.-2 4 ,3 9 5 ,3 6 8
Average price of wheat, w eek. _ _
_
26s. 7d.
Average price, season____ ___
26s. 3d.
26,160,330
27s. 4d.
27s. 2d.
25,619,559
30s. 6d.
30s. Id.
24,568.447
25s. Od.
27s. 4d
A P P L IC A T IO N S
TO
C O N V E R T IN T O N A T I O N A L B A N K S
APPROVED.
T h e S ta te B a n k o f B rin sm a d e , N o rth D a k o t a , in to “ T h e F irst N a tio n a l
B a n k o f B rin s m a d e .”
C a p ita l, 3 2 5 ,0 0 0 .
C o rre s p o n d e n t, G . T . C h ristia n
s o n , M in n e w a u k a n , N o rth D a k o ta .
T h e B a n k o f B azile M ills, N e b ra sk a , in to “ T h e F irst N a tio n a l B a n k o f
B a zile M ills.”
C a p ita l, $ 2 5 ,0 0 0 .
T h e B a n k o f G a ge, O k la h o m a , in to “ T h e F irst N a tio n a l B a n k o f G a g e .’ *
C a p ita l, $ 2 5 ,0 0 0 .
T h e B a y o n n e B a n k , B a y o n n e , N e w J ersey , in to “ T h e F irst N a tio n a l
B a n k o f B a y o n n e .”
C a p ita l, $ 1 0 0 ,0 0 0 .
N A T IO N A L B A N K S O R G A N IZ E D .
0Certificates Issued from October 29 to N ovem ber 10, inclusive.)
8 .4 0 4 — T h e C olleg ev ille N a tio n a l B a n k , C o lle g e v ille , P e n n s jd v a n ia .
C a p i
t a l, $ 2 5 ,0 0 0 . A . D . F e tte r o lf, P re sid e n t; W . D . R e n n in g e r ,
C ashier.
8 .4 0 5 — T h e L em a sters N a tio n a l B a n k , L e m a ste rs, P e n n s y lv a n ia .
C a p ita l,
$ 2 5 ,0 0 0 .
J. R . L e m a s te r, P re sid e n t; E d . B . D ieh l a n d R . S .
M c D o w e ll, V ice -P re s id e n ts ; F r a n k S . E b e r s o le , C ashier; D . W .
G re e n a w a lt, A ssista n t C ashier.
8 .4 0 6 — T h e F irst N a tio n a l B a n k o f T r e n t o n , T e n n essee.
C a p ita l, $ 3 0 ,0 0 0 .
R o b t . R . B o o n e , P re sid e n t; W . T . In g r a m , V ic e -P r e s id e n t; R . J .
D e w , C ashier; J n o . W . V ic k , A ssista n t C ashier.
8 .4 0 7 — T h e F irst N a tio n a l B a n k o f C a in esv ille, M issou ri.
C a p ita l, $ 2 5 ,0 0 0 .
J. R . G ird n er, P re sid e n t; A . J. B u sh , V ic e -P r e s id e n t; R . W .
B o e g e r , C ashier; C has. G ird n er, A ssista n t C ashier.
8 .4 0 8 — T h e F irst N a tio n a l B a n k o f N e w P o in t , In d ia n a .
C a p ita l, $ 2 5 ,0 0 0 .
J n o . J. P u t tm a n n , P re sid e n t; J o h n H o f f, V ic e -P r e s id e n t; E . H .
S p ilm a n , C ashier.
8 .4 0 9 — T h e F irst N a tio n a l B a n k o f K in g s b u r g , C a lifo rn ia .
C a p ita l, $ 2 5 ,0 0 0 . D . S. S n o d g ra ss, P re sid e n t; L e v i G a rre tt, V ic e -P r e s id e n t;
A . T . L in d g re n , C ashier. C o n v e rsio n o f th e K in g s b u r g S ta te
B ank.
8 .4 1 0 — T h e F a rm e rs’ N a tio n a l B a n k o f E x c h a n g e , P e n n s y lv a n ia .
C a p i
ta l, $ 2 5 ,0 0 0 .
J am es L . B ra n n e n , P re sid e n t; A lfr e d H . L itc h a r d ,
V ic e -P r e s id e n t: J am es F . E llis, C ashier.
8 .4 1 1 — T h e F irst N a tio n a l B a n k o f S a b in a . O h io.
C a p ita l, $ 2 5 ,0 0 0 .
C . R . E llis, P re sid e n t; O . J. W a d d e ll, V ic e -P r e s id e n t; L . E .
W h in e r y , C ashier.
8 .4 1 2 — T h e F irst N a tio n a l B a n k o f E a d s , C o lo r a d o .
C a p ita l, $ 2 5 ,0 0 0 .
J. Ft. S la ter, P resid en t; G eorg e W e is b r o d , V ic e -P r e s id e n t; E . M .
S ch e lin e , C ashier.
8 .4 1 3 — T h e F irst N a tio n a l B a n k o f W o lb a c h , N e b ra sk a .
C a p ita l, $ 2 5 ,0 0 0 .
G eo. E . L e a n , P re sid e n t; F . E . S e a v e y , V ic e -P r e s id e n t; C. W .
N o r to n , C ashier.
C a p ita l,
8 ,4 1 4 -T h e B o sto n N a tio n a l B a n k o f S o u th B o s to n , V irg in ia .
$ 5 0 ,0 0 0 . J. J. L a w s o n , P resid en t; W m . R . B a rk sd a le , V ic e P re sid e n t; C . C. B a rk sd a le , C ashier; T . C . W a t k in s J r ., A ssist
a n t Cashier.
C a p i
8,4 1 5 -T h e B lo o m in g to n N a tio n a l B a n k , B lo o m in g t o n , In d ia n a .
t a l, $ 1 0 0 ,0 0 0 . W illia m H . A d a m s , P resid en t; B e n ja m in F .
A d a m s J r ., a n d W illia m J. A lle n , V ice -P re s id e n ts ; J a m es K .
B e c k , C ashier.
C a p ita l, $ 2 5 ,0 0 0 .
8,4 1 6 -F irst N a tio n a l B a n k o f G ra n ite F a lls , M in n e so ta .
D . A . M c L a r ty , P re sid e n t; A . E . B a tc k e ld e r , V ic e -P r e s id e n t; O .
H . S o rlie n , Cashier; T . H . S orlien , A ssista n t C ashier.
C a p ita l, $25,000
8,4 1 7 -T h e F irst N a tio n a l B a n k o f S h e llm a n , G eorg ia .
----------- , P resid en t; F . C . S ears, C ashier. C o n v e rsio n o f T h e
P eop les B a n k .
C a p ita l,
8,4 1 8 -T h e N a tio n a l B a n k o f C o m m e rce in P itts b u r g h , K a n sa s.
$ 1 0 0 ,0 0 0 .
F re d e rick H . F it c h , P re sid e n t; C harles M . C o n d o n ,
V ic e -P r e sid e n t; A lb e r t E . M a x w e ll, C ashier; J. S. M a x w e ll a n d
A . H . S h a fer, A ssista n t C ashiers.
C a p ita l,
8,419 -T h e F irst N a tio n a l B a n k o f A b e r c r o m b ie , N o r th D a k o ta .
$ 2 5 ,0 0 0 .
A . K . T w e t o , P resid en t; I n g v a l J o h n s o n , V ic e -P r e s i
d e n t; H . H . H a fs tr o m , C ashier.
C a p ita l, $ 2 5 ,0 0 0 .
8,420- -T h e F irst N a tio n a l B a n k o f B elp re, O h io .
B . L . V a n W in k le , P resid en t; D . M . A ld e r m a n , V ice -P re s id e n t;
F ra n k A . V a n D e n e r, C ashier.
D IV ID E N D S.
W e have changed the method of making lip our weekly
list of dividends. Heretofore our record has included only
the dividends announced each week, but for the convenience
of our readers we now enlarge the scope of the compilation
so as to show also dividends previously declared, but the
date of payment of which has not yet arrived. In the new
form the statement indicates all the dividends announced
for the future by all large or important corporations.
Dividends announced this week are printed in italics.
1
Name of Company.
Per
Cent.
When
Payable.
Books Closed.
Days Inclusive.
Railroads (Steam).
to
Dec. 2
Atchison Top.& Santa Fe, com. (No. 12) 2 A Dec.
1 Nov. 9
1 Holders of rec Dec. l
Boston d Maine, common (quar.)______
fc
I K Jan.
Dec.
1 Holders of rec. Nov. 17
1
Buffalo tfc Susq.. pref. (quar.) {No. 18)-.
Calatcissa. first and second preferred_ _ _ 2 A Nov. 19 Holders of rec. Oct. 31
Nov. 30 Holders of rec. Nov. 7
1
Chesapeake & Ohio (annual)-................
4 Holders of rec. Nor. 20
Chestnut Hill (quar.)................. .............
l A Dec.
Dec.
to
Nov. 30
1 Nov. IS
On. N. O. & Texas Pao.. pref. (quar.)__
IH
Dec.
1 Holders of rec. Nov. 10
Cleve. & Fitts., orig. guar, (quar.)----IK
Dec.
l Holders of rec. Nov. 10
Special guar, (quar.)_______________
1
2
Nov. 20 Holders of rec. Nov. 9
Delaware Bound Brook, guar, (quar.)
2V,
Dec. 15 Dec. 0
to
___ . _
East Mahanoy-------- -------------------------Mexican Railway, first preferred______ 4 15 16 Nov.
Second preferred (annual)__________
3 K, Nov.
[Dec.
to
Nov. 7
New Orleans A Northeastern, com. {ami.)
5
1 Oct. 18
Norfolk & Western, common__________
2 A Dec. 21 Holders of rec. Dec. 5
2
North Pennsylvania (quar.).....................
Nov. 26 Nov. 16
to
Nov. 19
Pennsylvania............ .......... ......... .........
3A Nov. 30 Holders of rec. Nov. 5
Dec.
Phila., Germantown A Norristown {quar.)
4 Holders of rec. Nov. 2
3
Dec.
Pittsburgh Bessemer & Lake Erie, pref. _ 3
1 Holders of rec. Nov. 15
Street Railways.
American Railways, Philadelphia (quar.)
1A Dec. 15 Holders of rec. Nov. 28
Chattanooga Railways. preferred (quar.) __ I K Dec.
1 Holders of rec. Nov. 15
Nov. 16 Nov. 10
to
Nov. 19
Citizens' traction (Pittsburgh) _________
3
Columbus (O.) Railway, common (quar ) _ I K Dec.
1 Holder's of rec. Nov. 15
Dee.
Grand Rapids Rv., common (quar.)___
l
1 Holders of rec. Nov. 15
to
Dec. 1
K a nsas C ity Ra ilicay A L ight .pref. (quar.)
1 Nov. 20
I K Dec.
Dec.
Paducah (K y.) Traction & Light, pref__
1
to
Dec. 2
1 Nov. 23
Dec.
Rochester Ry. < Light., pref. (quar.)..
fe
1
Nov. 20.
IK
to
Washington (D. C.) Ry. & Elect., pref.
___ _
Dec.
1 Nov. 21
2A
Miscellaneous.
2
Adams Express _______ ______ ________
Dec.
to
Nov. 30
1 Nov. 17
2
E x tra _________________________ ___
Dec.
to
Nov. 30
1 Nov. 17
Dec.
to
Dec. 1
Alabama Cons. Coal & Iron, pref.(quar.)
1 Nov. 10
IK
Amalgamated Copper________ _______
to
Nov. 11
1 A iNov. 26 Oct. 26
Nov. 26 Oct. 26
Extra____________________________
to
Nov. 11
A
Nov. 20 Nov. 15
to
Nov. 20
American Chicle, com. (monthly)_____
1
Common, extra____________________
Nov. 20 Nov. 15
to
Nov. 20
1
2
American Cotton Oil, common________
Dec.
to
Dec. 6
1 Nov. 16
3
Dec.
to
Dec. 6
Preferred__ __________ - ___________
1 Nov. 16
2 Holders of rec. Dec. 15
Jan.
American Express (quar.)____________
3
Dec. 15 Holders of rec. Dec. 1
Amer. Graphophone .coin, (quar.) (No .36)
IK
Dec. 15 Dec. 11
to
Dec. 16
American Ice (old company), preferred- d 9
American Ice Securities (quar.)______
to
Jan. 2
1 Dec. 16
I K Jan.
Nov. 26 Nov. 10
American Locomotive, com. (quar.)___
to
Nov. 25
IK
American Radiator, common (quar.)__
Dec. 31 Dec. 23
to
Dec. 31
1
to
Dec. 2
Amer. Smelters Sec., pref. “ A” (quar.)-.
1 Nov. 24
1 A Dec.
to
Dec. 2
Preferred *'B” (quar.)______________
Dec.
1 Nov. 24
IK
American Telegraph & Cable (quar.)___
Dec.
to
Dec. 2
1 Nov. 16
IK
to
Dec. 2
American Tobacco, common (quar.)___
1 Nov. 16
2A Dec.
Common (extra)__________________ _
to
Dec. 2
1 Nov. 16
7A Dec.
American Writing Paper, preferred____
April lb Holders of rec. Mch.l5a
1
Barney A Smith Car, common (quar.)___
Dec. 15 Dec. 5
to
Dec. 16
1
2
Preferred (quar.)_________ _________
to
Dec. 2
Dec. . 1 Nov. 22
British Columbia Packers' Ass’n, pref_.
Nov. 20 Nov. 10
to
Nov. 20
7
to
Dec. 4
Butte Coalition Mining (quar.)______ -40c. Dec. 19 Nov. 15
to
Dec. 2
Dec.
Butteirick Co. (qu&r.)_________________
1
1 Nov. 16
Cleveland <?Sandusky Brew., com. (quar.)
S
Dec. 15 Dec. 2
to
Dec. 16
1
Preferred (quar.)___________________
to
Dec. 16
Dec. 15 Dec. 2
1A
Dec. 31 Dec. 16
to
Clyde Steamship _____________________
4
Consolidated Gas of N. Y. (quar.)_____
Dec. 15 Nov. 27
to
Dec. 16
1
to
Nov. 15
Eastman Kodak of N. J., com. extra. _ 5
Dec.
1 Nov. 1
.
Fay (J. A .) & Egan, common (quar.)___
1 A Nov. 20 Holders of rec. Nov. 14
Preferred (quar.)______ ___________
Nov. 20 Holders of rec. Nov. 14
IK
to
Nov. 30
Great Northern Paper (quar.)________
Dec.
1 Nov. 27
1A
Nov. 30 Nov. 16
to
Nov. 30
Greene Cons. Copper (bi-mthly) (No. 20) 4
H arbison-Walker Refractories, preferred_ 2 A e Nov. 26 Holders of rec. Nov. 16
to
Independent Brew., Pittsb., pref.(quar.)
______
Nov. 24 Nov. 16
IK
International Salt (quar.)______ _____
Dec.
to
Dec. 2
1
1 Nov. 16
KingsCauntyElectric Light & Pow. (quar)
to
Nov. 30
2
Dec.
1 Nov. 22
Knickerbocker Ice preferred_________
Jan.
to
Jan. 2
3
3 Dec. 22
Lehigh Coal & Navigation (No. 118)___
Nov. 27 Holders of rec. Nov. 7
4
to
Nov. 30
Massachusetts Gas Companies, commonDec.
1
1 Nov. 13
preferred_________________________
2
to
Nov. 30
Dec.
1 Nov. 13
to
Jan. 15
National Biscuit, common (quar.)_____
Jan. 15 Dec. 29
1
to
Nov. 30
Preferred (quar.).*.________________
Nov. 30 Nov. 16
IK
National Lead. preferred (quar.)_______
to
Dec. 16
Dec. 15 Nov. 24
IK
North American Co. (quar ) (No. 16)-Dec.
1 Holders of rec. Nov. 15a
IK
People's Gas Light & Coke (quar.)___
to
Nov. 26
I K Nov. 26 Nov. 14
Philadelphia Electric__________________
13 Holders of rec. Nov. 23
2 A Dec.
Pittsburgh Brewing, common (quar.)__
to
Nov. 20
Nov. 20 Nov. 11
IK
Preferred (quar.)__________________
to
Nov. 20
Nov. 20 Nov. 11
IK
Pressed Steel Car, pref. (quar.) (No. 31)
to
Nov. 27
Nov. 28 Nov. 8
IK
Quaker Oats, common (quar.)............
1A Jan. 15 Holders of rec. Jan. 5
Common, extra____________________
Jan. 15 Holders of rec. Jan. 5
Preferred (quar.)__________________
1A Nov. 30 Holders of rec. Nov. 20
Railway Equipment (monthly) (No. 102).
1A Nov.
E x lra ____________________________
2
Nov. 15
Standard Oil (quar.). ............................... S10 Dec. 15 Holders of rec. Nov. 21
Syracuse Lighting, common (quar.)_____
to
Dec. 2
A Dec.
1 Nov. 21
to
Dec. 3
United Clear Mfrs., pref. (quar.)_____
Dec.
1 Nov. 21
IK
to
Nov. 30
U.S.Cast Iron P.&Fdy..com.(qu.)(No.5)
Dec.
1
1 Nov. 11
to
Nov. 30
Preferred (quar.) (No. 2 4 ) --------------Dec.
1 Nov. 11
IK
to
Jan. 1
U. S. Steel Corp., com. (quar.) (No. 12)A Dec. 31 Dec. 9
to
Nov, 30
Preferred (quar.) (No. 22)--------------1 H Nov. 30 Nov. 8
Waltham W
ratch, common_____ _____ _
1 Holders of rec. Dec. 10
1 A Jan.
Preferred.......... ...................................
Dec.
3
1 Holders of rec. Nov. 10
a Transfer books not closed, b April 1 1907. d Representing part of dividend
accumulations since April 1902.
e On account of deferred dividends and being total amount of such deferred pay
ments.
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.
1209
THE CHRONICLE.
Nov. 17 1906.]
1 Clinton Hall Association.
66
100 Rich. & West Pt. Term.
RH. & Warehouse Co . $ 1.00
Nor. & East Rlv. R R . Co.
30 Keelv Motor Co .
__
25 Am. Exch. Nat. Bank . . .. 250
56 Nat. Bank of Commerce - 180
31 Manhattan Co. Bank . -2 9 5 14
10 X . Y. Life Inn. & Tr. Co . 1 0 2 1
18 Gallatin Nat. Bank- . _ ,369
34 Mechanics’ Nat. Bank . -245
75 Phenlx National Bank
176
15 Williarnsburgh Trust Co ? 2 0 H
Pew No. 112. Grace Church,
Ground Rent $81 per an $3,675
Stocks
10 Joseph Dixon Crucible Co 413 A
21 Bans o f America
530
150 Atlanta (Ga.) Oil & Fertil
izer Co
.
$8,347 50
Bonds.
$2,000 John Matthews 25-year
5s 1928. A & O
- 91 A
1$500 Bkly/i. Union (Li Co. Con
vert . D eb. 6s 1909. M & S .118 %
$ 1 ,0 0 0 Yonkers H R . Co. 1st 5s
1946. A S O
c
102 A & lilt.
I 85 Commercial Bank of Hon
duras, Central America,
and $J5 85 scrip........... $241
Breadstuffs Figures Brought from Page 1244.— The state
ments below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since Aug. 1, for each of the last three years, have been:
Receipts at—
Chicago ___
Milwaukee.
Duluth____
Minneapolis.
Toledo____
Detroit____
Cleveland-. _
St. Louis__
Peoria____
Kansas City.
Flour.
Wheat.
Corn.
Barley.
Oats.
Rye.
bbls. 196/55. bush. 60 lbs. bush. 56 lbs. bush. 32 tbs. bushASlbs. bu. 56 lbs.
205,944
83,475
150,750
678,574
710,000
534,507
324,800
76.892
59,200
36,343
66.960
3,100
4,091
71,500
79,000
..........
8,000
10,000
4,409,815 2,432,532
5,005,362 2,623,220
3,030,838 2,171,013
260,495
266,930
280,282
2,800
l ,868
72,740
16,800
..........
1,791,200
15,200
•1/41
39,030
109,000
165,347
223.226
540,515
442,100
164,000
1.735,226
284,950
106,080
722.100
178,300
98,100
176.260
776,000
196,000
136.800
534,377
579,795
437,8S3
Total week
Same wk. '05
Same wk. *04
502,200
307,120
2,221,031
1,967,600
69,000
70.410
30,847
404,045
8,200
731.000
6,311.453
7.679,968
6,606,233
3.494,059
3.613,347
1,762,089
__
Since Aug. 1
1906____ 7,400,769 93,702,282 52,469,639 76,900,385 24,189,469 2,471,746
1905____ 7,272,619 101,738,916 49,845,608 92,785,512 33,237.168 3,512,270
1904____ 0,247,346 98,708,769 42,177.614 71,460,849 30,918,643 3,361,687
Total receipts of flour and grain at the seaboard ports for
the week ended Nov. 10 1906 follows:
Flour,
bids.
Receipts at—
New Y o rk ______ 154,119
B oston .................
51,033
Portland...... ............... .........
Philadelphia____
67,953
Baltimore_______
79,816
Richmond ............
3,496
New Orleans .a __
17,972
Galveston_______
_____
Montreal_________ 28,662
Mobile___________
1,714
Total week______
Week 1905______
404,705
434,613
Corn,
bush.
Wheat,
bush.
152,225
26,783
128,340
76,284
42,754
75,500
14,000
1,226,000
2,636,740
975
1,835
144,300
835
991,027
1,573,559
3.139,770
2,601,474
792,600
89,295
29,665
236,909
23,488
296,500
40,000
163,932
21,525
778,400
439,239
48,055
388,275
161,684
46,790
339.000
161.000
777,327
Rye,
bush.
Barley,
bush.
Oats,
bush.
1,6 00
32,603
4,322
21,227
41,335
84,926
183,115
837,399
a Receipts do not include grain passing through New Orleans for foreign ports
on through bills of lading.
Total receipts at ports from Jan. 1 to Nov. 10 compare
as follows for four years:
1906.
_ _ ____ bbls- 15,177,990
1905.
11,433,047
1904.
14,889,543
1903.
18,670,441
Wheat___________ ___ bush- 90,370,531
Corn----------- ------- ------------- 85.744,936
Oats____ ______ __ ________ 69,696,605
Barley _________ _______ - 4,352,876
R y e __________ _________
1,385,169
35,223,020
84,137,142
61,039,523
9,285,650
1,111,213
35,921,563
45,503,768
41,705,335
5,125,603
931,689
89,228,612
91,831,302
45,939,500
3,591,355
3,757,049
Total grain____ ________ 251,550,117
190,796,548
129,187,958
234,347,818
Receipts of—
Flour___ __
The exports from the several seaboard ports for the week
ending Nov. 10 1906 are shown in the annexed statement:
Exports from-
New York____
Portland______
Boston_______
Philadelphia
New Orleans
Mobile________
Total week__.
Same time 1905.
Corn,
bush.
Wheat,
bush.
586,841
48,055
80,360
344,000
40,697
506,288
164,000
496,347
Flour,
bbls.
Oats,
bush.
88,342
51,477
49,938
49,791
42,857
219,171
169,684
1,000
200,779
21,525
6,770
54,135
8,102
15,711
Rye, Barley,
bush.
bush.
200
_______
____
69,440
13,248
Peas,
bush.
17,964
8,437
400
10,947
,266,588
,705,607
11,461
1,714
31,112
38,711
5,901
793,149 149,370
942,519 250,547
_ _ _ _ _ _
92,597
____ 121,399
8,395 622,224
32,302
4,984
The destination of these exports for the week and since
July 1 1906 is as below:
—
------ Flour---------------------Wheat----------------------- Corn----------Week.
Exports for week and Nov .10.
since July 1 to—
bbls.
United Kingdom..Continent________
So. and Cent. Amer.
West Indies______
Brit. No Amer Cols
Other Countries___
62,167
46,797
14,395
25,261
750
___
Since
July 1
Week.
1906. Nov. 10.
bbls.
bush.
Since
July 1
Week
1906. Nov. 10.
bush.
bush.
,252,138 825.119 20,193,423
902,203 1,434,136 18,598,476
271,839
7,333
65,926
4,610
477,170
38,253
95,138
Total
149,370 4,036,741 2,266,588 38,990,686
Total 1905 ----------- 250,547 3,244,204 1,705,600 14,199,420
576,249
169,650
1,839
45,411
Since
July I
1900.
bush.
6,164,185
8,391,083
279,306
655,344
29,011
144,687
793,149 15,663 616
942,519 19,549.924
The visible supply of grain, comprising the stocks in
granary at the principal points of accumulation at lake and
seaboard ports Nov. 10 1906, was as follows:
Wheat,
bush.
New Y o r k ........ .....
1,553,000
B oston....................
106.000
Philadelphia______
335.000
Baltimore.......... .....
644.000
New Orleans______
511.000
Galveston____________ 1,421,000
Montreal ...............
680.000
T oron to.......... .............
1,000
Buffalo .................
1,678.000
T o le d o ........ .................
806.000
Detroit...............
427,000
Chicago— .............
9,012,000
Milwaukee_____ _____
777,000
afloat_______
______
Fort William.............
2,621,000
Port A rth u r_________ 1,247.000
Duluth.......................
3,484,000
afloat............
Minneapolis.............. .... 1 ,970,000
St. Louis - .................... 3,583,000
afloat.......................
Kansas City.................. 3.780.000
Peoria
204,000
Indianapolis.., ..........
304.000
On Mississippi River__
On Lakes___ _ _______ 2,751,000
On Canal and R iv e r..180,000
Total Nov. 10 1906. .38,417,000
Total Nov. 3 1900 .37,97 1.000
Total Nov. 11 1905 .31.721.000
Total Nov 12 1904 .31,302,000
Total Nov. M 1903. 27,926,000
Total Nov. 15 1902. .38,092,000
Corn,
(rush.
180,000
16.000
8.000
604 .000
624.000
50,000
211.000
376,000
197.000
169,000
163,000
8.000
..........
Oats,
bush.
536.000
14,000
102.000
280,000
237.000
R ye,
bush.
70,000
Barley
bush.
56,000
___
143,666
55.000
49,000
4,000
582.000
1,436.000
53,000
1,108,000
540,000
1,000
-18,000
16.000
65,000
631,000
23,000
572,000
l .000
------
788,000
262,666
1,508,000
,6oo
295.666
i i ,000
15,666
..........
____ _
172,000
33,000
51,000
2,373.666
805.000
65,000
89.000
73,000
84,000
1,045.000
45.000
741,000
34 .000
177.000
281.000
773,0( O
377,000
3,692,000
3.750,000
2.600.000
2,276,000
7,280,000
2,105,000
10,539.000
9.800.000
27,340,000
24,76 1.000
9,792,000
7,571.000
1,273,000 3,820.000
1,61 1.000 3.4 46,000
1.669.000 6.091.000
1.775,000 5,732.000
1.136.000 5.231.000
1,343.000 3,693,000
hi
8 ,000
1210
THE CHRONICLE.
[V O L. L X X X III
New York City, Boston and Philadelphia Banks.— Below is
Statement of New York City Clearing-House Banks.—
The following statement shows the condition of the New a summary of the weekly returns of the Clearing-House banks
York City Clearing-House banks for the week ending Nov. 10. of New York City, Boston and Philadelphia. The New York
It should be distinctly understood that as to all items figures do not include results for non-member banks:
We omit two ciphers (00) in all these figures.
except capital and surplus the figures are the averages
of the daily results, not the totals at the end of the week.
CapiUil
In other words, in reporting loans and deposits and holdings
Banks.
and
Loans.
Specie. Legals. Deposits, a Circu Clearings.
lation.
Surplus.
of specie and legal tenders; the practice is to take the aggre
gate of the amounts for the several days of the week and New York
%
S
%
S
$
%
$
divide this aggregate by the number of days.
Oct. 13. - 272,385,0 1065,657,8 202,511,2 73,207,2 1050,776,0 46,154,8 2,101,120,1
We omit two ciphers (00) in all cases.
Banks
Capital.
Surplus.
Loans.
Specie.
005 omitted.
$
Bank of N. Y__
2,000,0
M anhattan Co_
2,050,0
Merchants’ ____
2,000,0
M echanics’ ____
3,000,0
A m e r ic a ______
1,500,0
P h e n i x ______
1,000,0
C it y ......... .......... 25,000,0
Chem ical- - __
300,0
Merchants’ E x .
600,0
G allatin_______
1,000,0
B utch. & Drov_
300,0
Mech. & Traders
700,0
G re e n w ich ____
500,0
A m er. E x ch _
_
5,000,0
25,000,0
Com m erce____
M e rca n tile ____
3,000,0
Pacific
_. - . ,
500,0
Chatham _ _
450,0
People’s
200,0
N orth America..
2,000,0
H anover
____
3,000,0
Irving
1,000,0
Citizens’ Centr_
2,550,0
Nassau _ - ____
500,0
Market & Fult_
1.000,0
M etropolitan __
2,000,0
Corn E xchan ge.
3,000,0
O r ie n t a l______
750,0
Im p. & Traders’
1,500,0
Park
3,000,0
E ast Itiver____
250,0
F o u r t h _______
3,000,0
S e c o n d ______
300,0
F irst __ _ __ _ 10,000,0
N . Y . N at. E x .
1,000,0
B ow ery ______
250,0
N . Y . C ou n ty. _
200,0
Germ an-Am er .
750,0
Chase. _
1,000,0
F ifth A ven u e. _
100,0
Germ an E x c h . _
200.0
G erm a n ia _____
200,0
Lincoln
_ _
300,0
Garfield _ _
1,000,0
F i f t h __________
250,0
M e tr o p o lis ____
1,000,0
W est Side_____
200,0
S eaboard. . .
1,000,0
1st N at., Bklyn.
300,0
L iberty _ _____
1,000,0
N . Y . Prod. E x.
1,000,0
N ew A m ster___
1,000,0
A stor _ _ _ _
350,0
S tate __________
100,0
T ota ls_______
$
2,806,4
2,742,8
1,462,6
3,541,1
3,905,7
337,9
20,681,9
7,848,9
443,9
2.369,0
154,2
388,3
634,6
4,812,8
13,581,9
4,648,7
759,2
1,023,2
459,1
2,101,9
7,712,2
1,105,7
784,3
345,2
1,473,0
718,0
4,525,5
1,158,9
6,872,8
7,897,6
117,8
2,991,1
1,716,2
17,883,0
900,7
780,3
793,5
569,8
5,782,1
1,790,0
792,3
916,0
1,613,0
1,364,3
440,3
1,625,5
807,6
1,183,5
677,6
2,183.1
564,9
254,0
710.3
1,422,6
$
17,100,0
22,218,0
12,386,3
20,065,0
20,431,0
7,053,0
147,713,2
24,615,4
5,929,2
8,349,4
2,366,0
6,571,0
5,240,7
26,805,5
131,919,2
21,228,5
3,147,0
5,413,9
2,279,8
15,573,6
51,786,0
7,550,0
19,182,2
3,251,9
7,337,1
10,408,7
36,579,0
10,311,5
23,743,7
68,843,0
1,320,5
17,851,4
10,140,0
84,658,6
9,770,3
3,643,0
5,406,9
4,227,0
45,628,1
10,027,6
3,448,7
4,627,9
12,360,9
7,763,3
2,972,5
9,431,3
4,140,0
17,117,0
4,812,0
10,489,9
6,082,2
6,082,3
5,052,0
13,046,0
%
2,854,0
4,418,0
2,485,0
3,721,0
3,112,1
1,484,0
22,770,7
4,686,9
1,224,7
1,042,9
456,1
926,0
1,017,1
3,526,9
18,877,6
3,352,8
417,7
638,0
202,4
2,778,2
10,612,6
1,088,6
3,582,4
374,2
1,256,3
2,481,3
6,482,0
1,262,1
4,134,0
17,067,0
170.3
3,501,4
838,0
12,578,4
2,283,7
591,0
844,9
681,5
11,435,1
2,531,1
125,0
508,5
1,102,5
1,573,9
531,6
1,401,8
511,0
3,566,0
662,0
1,728,5
1,406,2
456,4
1,148,0
3,294,0
Le(jals. Deposits, a Re
s'rve
S
1,374,0
2,218,0
951,0
1,651,0
1,962,8
100,0
8,357,4
1,625,8
354,1
565,5
74,3
875,0
353,3
960,6
7,670,6
1,107,9
333,5
757,9
491,7
1,071,4
5,959,5
340,4
1,286,8
369,7
495,3
141,8
3,644,0
293,9
1,133,0
2,989,0
176,1
1,847,4
1,484,0
1,690,9
298,5
235,0
422,5
186,5
1,334,8
506,1
695,0
741,2
1,824,0
345,8
211,8
434,2
530,0
1,552,0
403,0
307,1
493,8
721,2
247,0
174,0
119,150,0 155,176,8 1045,498,2 181,803,4 66,371,1
$
15,165,0
25,112,0
13,975,0
19,840,0
20,845,5
6,117,0
124,630,8
23,387,2
6,211,1
6,154,9
2,265,3
7,276,0
6,068,5
18,893,9
105,862,0
17,982,2
3,529,8
5,343,2
2,708,7
14,692,9
60,481,4
6,753,0
19,092,1
3,534,0
6,927,4
10,600,0
41,557,0
9,114,4
20,504,0
77.929,0
1,538,9
19,963,7
9,858,0
65,943,9
9,820,1
4,061,0
5,591,5
4,039,5
50,961,6
11,563,2
3,988,6
5,423,5
12,858,6
7,928,9
3,002,3
8,764,7
4,312,0
19,908,0
4,640,0
8,281,7
7,179,3
6,628,2
5,157,0
14,787,0
%
27.8
26.4
24.6
27.0
24.3
25.8
25.0
26.9
25.4
26.1
23.4
24.7
22.5
23.7
25.0
24.8
21.2
26.1
25.6
26.2
27.4
21.1
25.5
21.0
25.2
24.7
24.3
17.0
25.6
25.7
22.4
26.7
23.5
21.6
26.3
20.3
22.6
21.4
25,0
26.2
20.5
23-0
22.7
24.2
24.7
20.9
24.1
25.7
22.9
24.6
26.4
17.7
27.0
23.3
998,754,5 24.8
a
Reports of Non-Member Banks.— The following is the
statement of condition of the non-member banks for the
week ending Nov. 10 1906, based on average daily results:
W e omit two ciphers (00) in all cases.
Banks.
Capi
tal.
Sur
plus.
Legal
Tender
Specie. and
Bank
Notes.
Deposit with
Clear
ing
Agent.
Other
Net
Banks. Deposits
&c.
1082,358,5
1062,333,2
1052,790,9
1045,498,2
43,680,0
43,680,0
43,680,0
43,680,0
193,923,0
192,400,0
192,018,0
193,141,0
17,556,0
18,629,0
17,624,0
18,280,0
51,165,0
51,165,0
51,165,0
51,165,0
225,800,0
225,836,0
225,416,0
224,471,0
Boroughs of
Man.&Br’x.
$
$
W ash. H ’ghts
100,0
164,3
Century ____
200,0
140,8
Chelsea E xch
95,2
100,0
C o lo n ia l____
100,0
359,5
C olu m b ia _
_
300,0
412,2
Consol. Nat_ 1,000,0 1,110,1
F id e li t y ____
200,0
138,2
14th S treet-160,1
500,0
H a m ilton ___
200,0
186,8
Jefferson____
500,0
588,5
Mt. M orris-250,0
185,8
M u tu a l_____
200,0
312,5
19th W a r d -.
200,0
241,3
Plaza _ _
100,0
309,6
R iv e rsid e _
_
100,0
108,7
12th Ward__
200,0
179,9
23rd Ward__
100,0
153,8
Union E x c h .
750,0
755,8
Y o r k v ille ___
100,0
355,0
Coal & I.N at.
500,0
532,1
34th St. Nat_
200,0
206,7
Batt.Pk.Nat_
200,0
114,9
%
890,4
1,305,3
993.5
4,035,3
5,798,0
6,869,5
1,002,2
5.432,4
5,071,5
4,036.2
2,626,8
3,559,7
3,316,6
3,798.0
1,831,2
2,495.0
1,848.7
8,124,6
3,252,1
4,559,0
1,259,0
657,9
$
12,5
33,5
62,0
106,1
334,0
570,7
18,3
124,0
302,2
11,9
138,6
21,1
17,7
259,0
20,3
37,0
70,3
416,6
37,5
772,0
275,1
91,8
$
50,5
78,0
34,5
397,8
287,0
109,3
61,6
329,4
247,3
261,6
111,8
352,1
316,5
230,0
116,7
260,0
186,8
211,4
412,9
204,0
14,2
13,3
B orou gh _
_
200,0
135,4 2,672,8
B roadw ay __
150,0
390,8 2,833,1
B r o o k ly n ___
300,0
160,6 1,942,1
M frc.’ Nat__
252,0
699,9 4,485,8
M ech anics,-- 1,000,0
869,0 10,492,3
882,0 6,590,0
Nassau Nat_
750,0
300,0
622,7 3,244,0
Nat. C ity _
_
N orth S id e .100,0
202,6 1.641,4
Union _ _ _ _ 1,000,0 1,043,2 11,709,0
43,9
21,7
157,9
391,6
233,4
233,0
135,0
25,9
318,0
216,5
189,4
78,9
148,6
673,5
467,0
382,0
116,2
628,0
221,6
174,6 3,061,1
234,9
57,4 3,007,5
219,3
34,3 2,163,7
586,2
234,0 4,784,2
1,217,5
172,7 12,445,5
989,0
6,128,0
570,0
136,0 3,910.0
47,4
236,7 1,822,6
888,0 1,047,0 13,053,0
Jersey C ity.
First Nat___
H ud. Co. Nat
Third N at___
4,579,7
2,815,3
1,882,3
179,3
102,9
49,6
243,1
86.1
103,7
1,S67,0
162,7
421,8
301,0
75,3
22,1
5,695,2
2,430.2
2,179,0
2,371,2
1,457,3
145,5
62,0
29,0
41,1
117,2
84,S
138,6
69,2
2,169,8
1,518,3
%
90,5
68,6
24,3
486,1
408,0
428,2
91,0
355,4
119,2
205,6
243,7
71,5
368,0
311,0
121,7
189,0
118,5
655,8
144,2
617,0
129,1
79,1
$
20,4
99,2
223,6
3,8
395,0
BBSS
72,4
235,0
191,8
57,8
60,8
300,0
80,9
113,4
54.9
61,0
15,0
—
S ■
765,4
1,259,7
1,154,6
4,771,4
6,171,0
4,576,0
989-2
6,521,4
5,588,6
4,026,5
3,093,6
3,595,1
4,017,9
4,183,0
2,012,0
2,927,0
2,218,2
7,892,2
3,767,2
4,611,0
1,291,2
452,1
Borough of
Brooklyn.
.400,0 1,137,3
250.0
690,8
200,0
339,9
110,0
125,0
572,5
186,4
71,388,4 1062,332,6 46,471,7 2.054,023 1
69,998,6 1034,698,1 46,724,6 2,066,619,6
69,353,6 1015,824,1 49,024,7 1,973,259,5
66,371,1 998,754,5 50,544,4 1,760,139,3
200,395,7
194,349,6
187,652,2
181,803,4
5,147,0
4,975,0
5,025,0
5,384,0
229,545,0
222,686,0
227,232,0
223,436,0
7,781,0
7,770,0
7,832,0
8,164,0
187,390,0
171,039,1
189,849,4
166,997,7
262,133,0
259,252,0
258,553,0
255,316,0
62,023,0
59,863,0
58,738,0
57,720,0
14,301,0
14,338,0
14,437,0
14,456,0
162,260,2
151,888,6
161,947,2
132,844,4
a Including for Boston and Philadelphia the Item “ due to other b a n k s /' and also
Government deposits. F or B oston these Governm ent deposits am ounted on N ov. 10
to $3,571,000; on N ov. 3 to $3,571,000.
Imports and Exports for the W eek.— The following are
the imports at New York for the week ending Nov. 3; also
totals since beginning of the first week in January.
F O R E IG N IM PO R TS A T N E W Y O R K .
For week.
D ry G o o d s ___
_
_
General M erch a n d ise_____
T otal
_
__
1905.
1906.
_
_
Since January 1.
1904.
1903.
$3,245,010
11,625,471
$2,525,2X1
10,813,395
$2,409,452
12,089,201
$1,808,621
8,225.281
$14,870,481
$13,338,606
$14,498,653
S10,033,902
D ry G oods__________________ $140,073,262 $122,666,412 $104,646,177 $113,613,416
General M erch a n d ise______ 518,261,971 484,631,428 416,969,459 399,46S,801
T otal 45 w e e k s ___
____ $658,335,233 $607,297,840 $521,615,636 $513,082,2X7
The imports of dry goods for one week later will be found
in our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 10 and from Jan. 1 to date:
E X P O R T S FRO M N E W Y O R K F O R T H E W E E K .
1906.
F or the w eek_____ _________
Previously reported________
1905.
$9,931,207
528,314,909
S10,S88,837
455,601,982
1903.
1904.
$6,955,809
420,015,490
$11,488,728
432,010,404
T otal 45 weeks___________ $538,246,116 $466,490,819 $426,971,299 $443,499,132
The following table shows the exports and imports of
specie at the port of New York for the week ending Nov. 10
and since Jan. 1 1906, and for the coresponding periods in
1905 and 1904:
T ot. N ov. 10 11237,0 14744,9 131479,2 5,831,9 7,689,8 12,952,9 4,683,9 140252,4
T o t. N ov. 3 11237,0 14744,9 131934,9 5,740,1 7,294,3 13,003,2 4,430,3 139897,3
T o t. O ct. 27 11237,0 14744,9 132580,0 5,719,4 7,422,0 12,601,6 4,434,8 140084,6
Imports.
Exports.
Gold.
Great Britain_____________________
France
______
- _Germany
W est Indies ______________________
________
______
Mexico
South America
A ll other c o u n t r ie s _______________
Week.
Since Jan. 1
Week.
Since Jan. 1
$11,000
6,000
$682,178
1,130,576
4,115,880
34,350
S59.347.687
14,728,415
12,342,702
5,051,849
$233,047
216,97S
1,756,587
7,929
2S0.373
11,225
$17,000
79,500
2,007.200
$5,962,984
38,263,547
84,560,390
$252,201 S93.724.591
99,735 15,967,611
8,584,592
172,391
Silver.
Great Britain __ __ ______ ____
France
_ _____
______ Germany - ___ _____ _________
W est Indies _____ _____________
M exico
_______ ____ __
__ _
South A m e r ic a ______ __ _
A ll other countries______________ -
$492,720 S40,094.854
1,611,200
13,760
110,502
100,000
430
9,088
$1,553
4,503
10
111,147
742,005
1,124,784
71,908
T otal 1906 ________ - _____
Total 1905
______ _______Total 1904 ____
__________ _
$492,720 $41,939,834
701,662 30,899,427
518,570 33,172,590
T otal 1906 _________ ___________
Total 1905 __________ - - ____
T otal 1904 _______________ __
N. Y . C ity.
H oboken.
F irst N at_
_
Second N at.
274,326,8
274,326,8
274,326,8
274,326,8
E X P O R T S A N D IM PO R TS OF SPEC IE A T N E W Y O R K .
a T otal United States deposits included, $16,264,700.
Loans
and
Invest
ments.
Oct. 2 0 -.
Oct. 27-_
N ov. 3
Nov. 1 0 .B oston.
Oct. 2 0 -Oct. 2 7 -.
N ov. 3-_
Nov. 10-Phila.
Oct. 20. _
Oct. 2 7 -N ov. 3 - .
Nov. 10--
$1,759
5,976
4,689
$12,424
31.702
22,176
$2,055,910
3,762,414
941,030
Of the above imports for the week in 1906, $214,473
were American gold coin and $59 American silver coin.
Of the exports during the same time $17,000 were American
gold coin and _____ _ were American silver coin.
Note.— The statistics o f im ports and exports o f merchandise are now reported b y
the custom house under the latest date of figures included and n ot the date o f issue
of the statement, as heretofore.
Ih n iliiiiff atu l IfitiatxciaX.
Write for copy of our 12 page circular of C o m p a r a tiv e V a lu e s
o f R a ilr o a d B o n d s describing about 60 issues listed upon tbe
N. Y. Stock Exchange selling at less than par value, with high
and low range since January 1 1905
Spencer T r a sk & Co,.
Branch Office, Albany, N.Y. W illiam and Pine Stg., New York.
M o f f a t
& W h it e
Members New Y o rk Stock Exchange.
5 NASSAU STRE ET.
H A N O V E R B A N K B U IL D IN G
D e a le r s in In v e stm e n t Secu rities.
COMMISSION O R D E R S EXE CU TED F O R C A SH ONLY
THE CHRONICLE.
N ov. 17 1906.]
1211
jBanhjers7 (gazette.
State and Railroad Bonds. No sales of State bonds.
The transactions in railway bonds have been on a small
scale and the market narrow and featureless. A large pro
For Dividends see page 1209.
______
portion of the limited sales reported at the Exchange was
in the several Japanese issues.
Wall Street, Friday Night., Nov. 16 1906.
United States Bonds.— No sales of Government bonds have
The Money Market and Financial Situation.—The security
reported at
week. The following are
markets have fluctuated widely during the week, chief!y been daily closingthe Board thisfor yearly range see third
quotations;
under the influence of the money market . On Monday call the
loan rates advanced to 20%, a large part of the business of page following.
the day in that department was reported to have been
Interest Nov.
Nov."]
Nov.
Nov.
Nov.
Nov.
16. J
Periods
12.
10.
13.
14.
15.
done at about 15%, and the rate for time loans was the
highest of the season. Since Monday there has been a 2s, 1930 .......... ____ registered Q— Jan *104)4 *10434 *10434 *10434 *104*4 *104*4
gradual return to more normal money market conditions.
2s. 1930............ _____ coupon Q— Jan *10434 *10434 *10434 *10434’ *104*4 *104*4
*103
*103
190S-1918. ____ registered Q— Feb *103
*103
The Bank of England reports a reserve in excess of 40%, 3s, 1908-1918- ............ coupon Q— Feb *103 *103 *103 *103 *103 *103
*103
*103
3s.
and therefore the largest since the latter part of September. 3s, 1908-1918. .small coupon Q— Feb *102M *10234 *10234 *10234 *10234 *10234
*102
1907 -------As a consequence, a decidedly better feeling exists in financial 4s, 1907______ ____ registered Q— Jan *102 *102 *102 *102 *102 *102
............coupon Q— Jan *102
*102
*102
*102
*102
4s.
circles at London and other European centres.
4s, 1925 .......... ____ registered Q— Feb *13034 *13034 *13034 *13034 *13034 *13034
4s, 1925______ ______ coupon Q— Feb *13034 *13034 *13036 *13034 *13034 *13034
The Government report of exports for the month of October
Q— Nov *10434 *10434 *10434 *10434 *10434 *10434
shows that they were larger by about $22,500,000 than for 2s, 1936--Panama Canal reg
the corresponding month last year, but as the excess is
♦This Is the price Did at, the morning board: no sale was made.
accounted for chiefly by the larger shipments of cotton, the
Railroad and Miscellaneous Stocks.—The stock market
figures given may not have any special significance. There has been decidedly irregular. The decline noted last week
has been no important change in other conditions affecting continued in progress on Saturday and Monday, prices
the security markets. The demand for higher wages by giving way sharply on the last named day under the in
railway employees has, so far as known, been amicably fluence of abnormally high mo m y market rates as noted
adjusted, and if there has been any fear of disturbance, above. On a relaxation of these rates since /Tuesday the
it has largely subsided.
market for shares has been firmer, in manyjcases a sub
The open market rates for call loans on the Stock Ex stantial recovery in prices has been made, and the volume of
change during the week on stock and bond collaterals have business has increased. On Thursday about 1,200,000
ranged from 2 ) ■ to 20%. To-day’s rates on call were shares were traded in.
>
J @ 5% % .
Prime commercial paper quoted at 6@ 6% %
There have been several prominent features, of which
for endorsements and G @6% % for best single names.
St. Paul has caused the most discussion. It advanced from
The Bank of England weekly statement on Thursday 169% to 185),| on a demand for which there is no satisfactory
showed an increase in bullion of £610,394, and the per explanation. Other stocks which have been conspicuous
centage of reserve to liabilities was 40.26, against 38.33 in the upward movement since Monday are Delaware &
last week.
Hudson, which has advanced 103*2 points, Great Northern,
The discount rate remains as fixed Oct. 19th at 6%. The which is 13 points higher, Northern Pacific, up 10 points,
Bank of France shows a decrease of 6,825,000 francs in gold Reading, very active and up 8 points, and many others up
and 6,375,000 francs in silver.
from 3 to 6 points.
N E W Y O R K CITY CLEARING-HOUSE BA N K S.
The miscellaneous and industrial list has been relative^
steady. Anaconda Mining covered a range of over 12
Differences
points, closing at the highest. Amalgamated has been
from
1905.
*1904.
1906.
Nov. 11.
N od. 10.
■previous week.
Nov. 12 .'3
strong on rumors of an increased dividend rate. Steel
common closes 2% higher than it sold on Monday.
S
S
s
S
Capital________________
119,150,000
115.972.700
For daily volume of business see page 1219.
115.972.700
155.176.500
S u rp lu s..............
134,643,500
140,160,800
The following sales have occurred this week of shares not
Loans and discounts___ 1,045,498.200 Dec. 7,292,700 1.044.287.800 1,125,089,900
Circulation___________
42,313,900 represented in our detailed list on the pages which follow:
54,311,700
50,544,400 Inc. 1,519.700
Net deposits..................
Specie ________________
Legal tenders__________
o99S.754.500 Dec. 17,069,600 1.028.318.800 1,176,045,000
182,266,300
1S1.S03.400 Dec. 5,848,S00
226.555.700
66,371,100 Dec. 2,982,500
76,347,100
72,384,600
Reserve h eld ___ ____
2 5 % ol deposits________
245.174.500 Dec.
249,688,625 Dec.
Surplus reserve_____
d eU .514.125 Dec.
254,650,900
257.079.700
302,906,800
294,011,250
4,563,900 def.2,428,800
8,894,550
8,831,300
4,267,400
a 816,264,700 United States deposits included, against S18,861,900 last week and
58,536,000 the corresponding week of 1905. W ith these United States deposits
eliminated, the surplus reserve would be S2,552,050 on November 10 and 57,765,250
on November 3.
Note.— Returns of separate banks appear on thejpreceding page.
STOCKS.
Week ending Nov. 16.
Sales
for
Week.
Lowest.
4 lice Mining . . . _____
6,260
Amer Teleg & Cable____
200
200
Assoc Merchants, 1st pf_
Bethlehem Steel Corp___ 1,000
Buft Roch & Pitts____ __
100
Clev Lor & W heel pref.
100
Comstock Tunnel______ 17.900
1st4s
- . . . _____ $4,000
Detroit Southern tr rets.
100
General Chemical _ _ 100
Preferred . .
......
50
Homestake Mining_____
16
Horn Silver Mining____
.300
Ingersoll-Rand, p r e f___
200
N Y Central rights_____ 21,298
New York Dock ______
10
N Y Lack & Western_
_
100
N Y & N J Telephone___
50
St Jo & Gr Is!, 1st pf____
100
Southern— M & O stock
200
trust certificates_____
Standard Mining. _____ 1,450
Vulcan Detinnlng______
400
Preferred____________
300
Range since Jan. 1.
Range for week.
10 $934 Nov
13 88 Nov
10 107 Nov
16 19!4N ov
12 126 Nov
16 105 Nov
14 40c. Nov
10 22c. Nov
7 Nov
13
13 75 Nov
13 102 Nov
10 100 Nov
14 S1.76Nov
10 9534Nov
12 5*4 Nov
15 4l*4N ov
13 127*4Nov
1.5 126 Nov
10 63 Nov
lowest.
Highest.
$7 34 Nov
86 Nov
107 Nov
19 Nov
126 Nov
105 Nov
27c. Nov
20c. Nov
7 Nov
75 Nov
102 Nov
100 Nov
S1.76NOV
95 Nov
434Nov
4134NOV
127*4Nov
125 Nov
63 Nov
15
16
14
16
12
16
16
10
13
13
13
10
14
14
15
15
13
14
10
Highest.
$234 Jan $934
Nov 9334
86
106*4 Jan 11234
1734 Oct 2634
Nov 15334
124
July 112
105
10c. Mch 40c
12c. Sept 30c.
Nov 11 .
7
7434 Oct 8434
102
Nov 106*4
8034 Jan 100
S1.7C Jan $234
9334 Oct 9534
434 Nov
634
Jan 5034
34
127*4 Nov 127*4
Oct 15534
124
May 6934
60
Nov
Mch
Mch
Aug
Sept
Jan
Mch
Mch
Jan
Feb
Feb
Nov
Feb
Nov
Oct
Jan
Nov
Feb
Jan
F oreig n E x ch a n g e .— T he m arket was q u ie t, irregular and
generally low er this w eek . I t w as easy early in the w eek,
influenced b y dear m o n e y , b u t it p ro m p tly recovered because
o f a dem and to rem it fo r finance bills and also fo r stocks
w hich had been returned from ab roa d . L ater it was h ea v y
on a pressure o f secu rity drafts b u t the ton e at th e close was
firm on easier m o n e y .
T o -d a y ’s (F rid a y ’s) n om inal rates fo r sterling exchange
were 4 8 1 % for sixt 3 d a y and 4 8 6 % fo r sight. T o -d a y ’s
r
May 9934 Feb
96 Nov 12 96 Nov 12 93
(F rid a y ’s) actu al rates fo r sterling exch ange were 4 8 0 5 0 @
Jan
S2*4Nov 13 S2.90NOV 16 S234 Oct $5
934 Nov 14 1034 Nov 16
8*4 Aug 1534 Jan
4 8075 for lon g , 4 8 5 8 5 @ 4 8590 for sh ort and 4 8 6 8 5 @ 4 8690
Jan 70*4 Oet
66 34 Nov 15 66*4Nov 16 50
for cables. C om m ercial on banks 4 8 015 @ 4 8025 and d o cu
m en ts for p aym en t 4 7 9 % @ 4 8 1 % . C otton fo r p aym en t
Outside Market.—A sensational break in Standard Oil
4 7 9 % @ 4 7 9 % , co tto n for a ccep ta n ce 4 8 0 1 5 @ 4 8025, and
was the feature in the market for unlisted securities this
grain for p a y m en t, 4 81 @ 4 8 1 % .
week. While mining shares continue to command chief
T o -d a y ’s (F rid a y ’s) actual rates fo r Paris ban k ers’ francs
attention, speculation in industrials has been more diversi
were 5 2 2 % @ 5 21 % a fo r lon g and 5 1 9 % /t@ 5 1 9 % a fo r
fied, though the amount of business has been only fair.
sh ort. G erm any ban k ers’ m arks were 9 3 % @ 9 3 15-16 for
The slump in Standard Oil had its basis in the suit which
lon g and 94 1 1 -1 6 @ 9 4 % for sh ort. A m sterdam ban k ers’
the Government has brought for the dissolution of the
guilders were 40 0 3 @ 4 0 05 fo r sh ort. E xch a n g e
at Paris
company and on unusually heavy transactions resulted in
on L on d on to -d a y 25 f. 28 % c .; w e e k ’s range, 25 f. 30 c.
a drop of 71 points to 525. A dividend of $10 a share was
high and 25 f. 26 c. low .
declared this week. American Tobacco from 398 sold down
T h e w eek ’s range fo r exch a n ge rates follow s:
to 390 ex-dividend. International Mercantile Marine issues
-------------- Lone;-------------------------------- Short--------------Sterling Actual—
High______ 4 8050
@ 4 8075
14 8585
@ 4 8590
[4
L o w ____
4 >,015
*>.4 8020
4 8560
@ 4 8565
14
Paris Bankers' Francs—
High......... .5 2234
@ 5 21 V a [5 19% h
H
@ 5 19% a i
L o w --------- 5 231-6
@ 5 2234
[5 20
@ 5 20x
I
German’/ Banker's Marks—
High---------- 93*4
@ 94
I 94 11-16 @ 94*4
I
L o w ----------93 13-16 @ 93 15-16 i 9 4 %
@ 94 11-16 [
Amsterdam Bankers’ Guilders—
High........................... ................... ..
40 03
@ 40 05
I
L o w ....................................................
i 40
@ 4 0 1-16 |
Less:
Plus:
a 1-16 of 1 % .
k 1-16 of r ; .
d 1-32 of 1 % .
x 1-32 of 1% .
------------Cables------------8690
8660
@ 4 8705
@ 4 8665
..................................
...................... - ...........
...................- .............
..................................
..................................
..................................
h 3-32 of 1 % .
y 3-32 of 1 % .
T h e follow in g were the rates fo r d o m e stic exch an ge on
Now Y ork at the underm ention ed cities to -d a y : Savannah
b u yin g 50c. per $1,000 d iscou n t; selling 7 5c. per 81,000
prem ium . Charleston 10c. per 81.000 prem ium . New
Orleans b a n k . 85c. per $1,000 d iscou n t; com m ercial $1 per
$1,000 d iscou n t. C hicago 10c. per 81,000 p rem ium . St.
L ouis J 2 0 c. per $ 1 ,000Ad is c o u n t .^ S a n F ra n cisco 7 5 c. per
$1,000 prem ium .
were strong, the common moving up from 934 to 10% and
the preferred from 2634 to 29, with the close 2834• Mackay
Companies common opened the week up a point at 73,
sank to 71%, but recovered to 72)4• The preferred fluc
tuated between 68)4 and 69)4 and to-day sank to 67%.
Chicago Subway from 51 % advanced to 53%, but dropped
to 51, ending the week at 51)4. Nipissing Mines sank from
30% to 28% but towards the close became active and strong
and advanced to 30%, closing to-day at 30%. United
Copper common from 71% has risen to 73 34- Boston Con
solidated Copper was prominent for a rise of 3% points to
33%, but fell off to 32. Butte Coalition dropped from 36%
to 34% but recovered and closed to-day at 36%. Greene
Consolidated Copper from 25 advanced to 26%, closing to
day at 26%. Tennessee Copper declined from 44 to 42%,
then jumped to 4634 with the close at 46. Nevada Consoli
dated Copper sank from 20% to 19. Utah copper declined
from 34 to 33, advancing again to 34%.
Outside quotations will be found on page 1219.
New York Stock Exchange—Stock Record. Daily, Weekly and Yearly
<M!CfJPYlN<; TW O
STOCKS—H IG H E S T A N D L O W E S T s a l e p r i c e s
Saturday
Nov 10
M onday
Nov 12
98% 98*% 9 7 4 974
101% 101% 10141014
133 134
184 184
117% i !8
1 16 4 11 7 4
*90
92
*90
92
7 54 7 7 4
77 4 78
*80
88
*80
88
1724173
174 175
*664 ‘ >74
*0614 67
*218 222 +218 224
01 4 524
58
58
*27 4 32 4 +27
32 4
7 5 4 7 f>4 *........ 76
17
174
*17 4 17%
♦80
82
*80
82
7 14 714 *70 4 73
25
25
*25
25%
1704 1714 1694 171*8
•188 190 * ........190
2004 2004 200 200
*230 240 *230 240
*173 180 +173 180
*175 185 '175 1S5
*9
12
*9 4 12
*23
80
*24
30
44
44
44
44
* 13 4 15 4 *144 15 4
914 914]
9 14 924
*112 114 +112 114
364 37 l4
*36% 3 74
*68 4 7o
5 5 4 56
564 564
213 4 ‘214 4
2154 216
*540 555 *535 555
*38
39
*39
40
*8 2 4 35 4 -8 2 4 85 4
85 4 85 4
*854. 89
§17
17
* 16 4 17 4
*86
40
*36
40
42% 4 3 4
414 42 4
75 4 75 4
7 6 4 76 4
66 4 66%
67 4 67 4
*65
75
*65
75
*85
95
*85
95
3204 322 4 317 4 320
*80
46
46
*46
49
*.
. 88 +........ 88
* ..._ .. 123 * ........ 123
96
*894 95 4 *90
178 173
1724 173
35 4 36 4
3638 37
7 6$ 77
763 77
4
27
28
28 4 284
*50
52
*50
52
*62
67
*68
67
*78
80
*78
80
*27
284
*27 4 28
584 584
58 4 59
*29
32
*29
31
*75
80
*75
80
*62
68
*62
68
142 1424 1404 141
*140 145
1424142%
*106 110%
224 23 “
*1874200
664 664
*92
95
*145 150
*165 170
34 4 344
684 69
924 934
*135 140
524 524
*25
274
*106 110%
224 ‘23 4
*185 4 200
66 4 664
*92
96
*145 149
1654 160 4
34% 35 4
684 69 4
9 1 4 924
*135 140
5 24 53
*254 27 4
1274 128 4 126 1274
*62
65
*614 65
*112 120 *112 120
*84
89
*85
90
*192 4 194 §193 4 li»3 4
444 45
45 4 45%
93
93%
9 34 934
*90
9 04
90 4 90 4
219 22.1
217 219%
*120 180 * L23 130
*100 108 *100 108
*120 130 *120 130
138 4 139 4 1364 137%
*35
40
*35
40
82
*80
85 4 *80
*100 108 '100 108
144 4 14 6 4 1414 144%
90 4 90 4
91
91
*92
97
*93
96
2 / 4 28 *
4 274 28%
65
66
66
66
68 4 69
*68
70
46% 46%
*46
48
23
24
*23
244
*57
59
*57
59
90% 90%
91
914
*1184 1194 119 119
3 2 4 3z%
31% 32 4
944 95
944 95
354 364
35 4 36
*123 125
123% 123 4
30
30
*294. 31
o5
304
3 44 344
55 4 55 4
54 4 544
Tuesday
Nov 13
W ednesday
Nov 14
Thursday
Nov 15
F rid ay
Nov 16
p u
; k-
S TO C K S
N E W YORK STOCK
EX CH A N G E
Ranye /or yea r 1006
Ranye / Previous
or
Sates 0
On basis of 100-share Lots
Year (1005 )
Die
Weeic
Lowest
Hiyhest
Share >
Lowest IHiqhest
K a ilio a <iw
.
97% 98%
98% 100 4 A tell. Toneka&Santa Fe 62, '5< | 85% May 2 110 4 Sep 11 77% Ma} 93% Mar
9 8 4 9 94
984 994
2,75
101 4 1014 1 0 1 4 1 0 1 4 101 4 10 1 4 101% 1014
98% J’ ly 3 106 Jan 3 99 Jan 105% Sep
Do pref................
13 54 18 6 Atlantic Coast lane R R ..
5,83 1 13 i % J'ly 3 167% Jan 20 120 Jan 170 Apr
135 185
134% 136% 134 4136
118 118% 118 4 118% 1174120
117% 118
3Baltimore O liio .......... 31,7 75 T 05% May 2 125% Sep 2 : j00 4 Jan 117 Aug
* 91
06
+90
92
*91
93
*90
92
91 Oct 22 99 4 Jan 5 91 Mar j 0(J Aug
I ^ Do pref.
77
774
77% 77%
7 74 784 Brooklyn Rapid Transit.. 58,865 1 71 J'ly 12 94 %Jan 26 j 56% Ma\ :•Lv, Nov
76% 77 4
.. .
'8 0
88
*80
S* Buffalo < susqne, prel...
83 Jan 12 87 Feb 8 j 84 Dec 01% May
*80
88
*80
88
fc
175% 177
1 1 6 1 176 4 I Canadian Pacific........... 15,30' 155% May 2 183 A Oct 3 130% Jan 177% Sep
* f
173 4 174% 1754176
201 : 65%.j'ne30 70% Jan 8 I 67 N ot 1 74% Aug
67 4 * 66 4 674 ^ an ada Southern...........
66 4 6 64 *66 4 6 / 4 *66
221 227 Cen tral of New J ersey...
400 |204 May 2 239% May24 190 Ma\ 235 Oct
217 217
*218 222 *220 224
53% 53%
$,8 a 5 14 N 0v 11 05% Aug ;u 45 4 Mu 60% Max
52% 52 4
524 53 4
;
t
5 34 54 4 Chesapeake & Ohio..........
J01.
32 4
*29 4 82
*27
32 4 *27
35% llet 8
400 75 4 Sep J- 77 4 Oct 5
75 4 75%
75 4 75 4 * ...7 76 ‘
Do pref..
754 754
17% 17%
17 % 17 % Chicago Great Western..
17% 17%
17% 174
6,8 2 U 16 J’n e it 23% Jan 20 17 4 Ma\ i 25 % Mar
*80
82
*80
82
80
80
lo< 79 4 Sep 1 86 4 J an 17 83% Ma\ 89 Sep
*79 4 82
Do 4 p. c. debentures
*71
74
73
73
7 nl. 1 7 1 4 Nov 10 80 Jan 31 i 60 J’ne 7 8 4 -Sep
72 4 73 4 *72
73 4
Do 5 p. c. pref. “ A ” ..
24% 25
25% 25%
2,200 ! 24% Nov 14 39% Jan 22 29 Mat 37 4 Apr
25
25
25 % 254
Do 4 p. c. pref. “ B” ..
171 1764 176 4 184
181 % 185 4 182 1844 Chicago Milw. & St. Paul. 502,0>o 1155% May 2 198% Auer 27 108 % Ma 187 4 Apr
192 196
197 200
199 4 200
3,2-0 1
177 4 May 2 214 Aug :7 182 4 Jan . 9 2 % Apr
188 190
Do pref.......................
4,419 |192 Apr 27 240 Jan 15
203 4 204
2o34 205 4 Chicago & N orthw estern
200 200 4 2ul 203
J’ ne 249 Jan
,
*230 240 *230 240 *230 240 *2 0 240
225 Aug 9 270 Mar 30 234 Jan 2654 Feb
Do pref..,
*170 180 *1'<0 175 *170 180 *!70 180 Chic. St.T\ Minn. & Om.
1168 J’ne'B 198 Jan 15 L50 Jan 225 Jail
175 175
*175 185
175 175 *1.75 185
2u0 175 N o v ll 202 Jan 15 195 Jan 230 Jan
Do pref.......................
•9
12
*9
12 Chicago Term’i Transfer.
9 4 Apr 19 18% Jan 19
'9
12
*9
12
......
7% Jan 20 J’ne
30
*22
30
*20 • 30
. . . . . . 26 Oct 30 42% Jan 2 ~ 17 4 Jan 4 2 4 J ’ly
*15
2 64 *22
Do pref.......................
30<
3% May21 13% Feb 20
*4% 44
*4% 4 4 Chicago Union Traction.
6 J im 13% Feb
*4%
44
*4Ji 4 4
*
14
14
15
15
*134 15
*13% 15 4
600 11% J’ ly 12 47 4 Mai 12 30% J’ly 54 Feb
Do pref.......................
93
94
94% 94% Cleve. Cin. Chic. & St. L.
92% 93
3,8oo 90% May 2 109% Jan 15 90 Jan i l l Mar
9 44 95
*112 113 *112 114 *112 115 *112 115
» . . . . . 110 J’ly 19 118 Jan 23 115% J ’ly 12 J% Mar
Do pref......................
37% 37%
37
37%
37 4 38%
374 38% Colorado < S outhern_
6,0< 0 29 4 Jan 4 4 L Oct 3 22% Jan 30% Apr
fe
_
*69 ........ *68 4 69
*08
69
69
69 *4
300 6 6 4 Apr 30 73 % F eb 20
69% Dec
4,23U 43 May 2 58% Oct 2 a 32 4 May 55 Dec
554 564
56
56 4
56 4 564
5 64 564
Do 2d preferred.......
219 219% 219 220 4 219% 224
216 218
8,5 91 189 May 2 231 J’nel 2 1784 Ma\ 2 4U% Oct
§ Delaware & Hudson ...
*535 555 *535 555 *535 555 *545 555
437% May 2 560 May24 335 Jan 198 4 Oct
i^elaw . Lack. & West’n.
39
39
39% 394
40
40% *40
41 Denver & Rio Grande___
2,10u 36% May 2 51% Jan 26 27% MaT 39% Dec
85
85
83 Ool 2 1 9 1 4 Jan 2- 83% 51av 91% Deo
85 4 86
85 4 86
82
§83% 83 4
Do pref......................
85
85
*86
90
685 85 Nov 14 102 Feb 9 7 6 4 Jan 9 64 Dec
86
86
86 4 87 4 Detroit United..................
20 16 J ’ly 13 22% Jan 11 11% May 22% Nov
*164 174 *164 174 *164 174 +16 4 174 Duluth So. Snore & A ti..
*37
40
*06
40
*3 6
40
32 Apr 28 45 Jan 11 21 Mar 46% Nov
*36
40
Do pref
43% 44%
43% 44% ijTrie.................................. 71,700 38% May 2 50% Jan 16 37 4 Mai 52% Aug
42% 424
43 4 43%
76
7 6 % 7 6 % *76
76 I ’J Bo 1st pref................
650 75 May 2 83 Jan 15! 74% Ma\ 85 4 Aug
573 H 75 *i 76
i
68
465 6 2 4 Apr 27 76% Jan 16, 55 4 Jan 78% Aug
*6 7 4 68 4 *67% 684
66% 664 *67
Do 2d pref................
*65
75
*65
75
*65
75
70
70 Evansv. & Terre Haute..
20 0 70 Sep 7 76 Jan 2 63 J’ly 75 Aug
+85
95
*85
95
*85
95
. . .. . . 80 J ’ly 13 94 Aug 2 85 Nov 96 Aug
*85
95
Do pref.......................
320 323
3184321
323 3244
Great Northern, pref....... 39,800 2 /5 May 2 348 Feb 9 236 Jan 335 Apr
*80 ........ - 80 ........
86 May 1‘- 92 4 J an 22
90 Jan
12% 12%
io 11% Oct 25 23 4 Jan 19
2 44 J:ne
*45
49
*46
49 ' *46
200 33% Jan 19 53 A ugl4 15 Apr 38 4 Dec
47 UTavana E lectric...........
*45
49
77% Jan 15 9734 May 8 50 J'n< 82 Dec
*........ 88 *........ 88 *____ 88
*85
83 JL Ldo pref
j
123 123 * ........ 126
*........ 123
* ........ 123
is o 113% Feb e 135 Apr 24 86% Jan 1214 Dec
Hocking Valley ..
+89% 96
§92
92
*90
94
150 92 4 Nov Lb 99%-J’ ne 1 90 Jan 97% Nov
92 4 92 4
Do pref......................
174 174
1,034 164 May 2 184 4 J ’ ne 7 152% Jan 183 Sep
1734174
§1724172 4 173 173
I llinois'Central...............
36% 36%
7,3 oO 33% J ’ne27 55'% May 10
36 4 36 4
36% 364
36 4 87% -8 nter boro-Metropolitan
2,250 70% J ’ly 3 8738 May 10
77
77
77%
7 64 764 *76
764 764
Do p r e f ....................
27
28
*28
29
29
29 Iowa central...................
2,900 24 J ’ly 12 34% Jan 12 24 May 32 Feb
28 4 29
*49
62
*49
50
*50
52
1,200 48 J’ly 17 63%. Jan 13 50 May 61 Dec
49% 514
Do pref.......................
52 Mar 7 76 J ’ne 8 29 4 May 58% Dec
*62
67
*62
67
*62
67
*62
67 J7'anawlia & Michigan..
*78
79
*78
79
125 1 7 Oct 22 8 4 4 Feb 7 81% J ’ne 87 Oct
*78
80
78
78 -ttVC.Ft.S.<feM.,tr. cts. pfd
300 22*8 J’ly 3 37% Jan 5 22 % MaT 36% Dec
*28
29
*27
28 4 *27 4 29
28 4 284 Kansas City Southern ...
2,900 49 J ’ly 12 71 Jan 5 52 Jan 70 Feb
694
59 4 59%
594 594
5 8 4 594 *59
Do p ie f.......................
200 37 ^ J’ly 3 44% Jan 12 284 J’ n 47 4 Dec
*29
30
*29
30
*29
30
30
30 J ake Erie & W estern...
<
75 Sep 2o 'i9 - 4 J an _5 91 J’ne 106 .Mar
*75
80
*75
80
*75
80
*75
80 J Do pref..
lj
61% o c t 27 81 ^ Jan 16 50 4 MaT 73% Nov
*62
68 Long Island.......................
4
*61
68
*61
68
*61
68
141 141% 142 4 U 4 4 144 145 4 1444 145% Louisville &, N asliville... 19,800 136% May 2 156 4 Jan 19 rl344 Jan 157% Sep
4
142% 142% *142 145 § 142 % 142 + 14a 143
510 140 Sep 25 162 Jan 26 161 M ay 175 Feb
|y| anhattan Elevated...
65 Feb 28 s 75% M ayll
91 Mar
lb3 J ’ly 12 127 Jan 16 114 May 133 Aug
*106 110% *106 110% *106 110% * io e 116% Metropolitan Street
22 % 23 % 23
23% 23% Mexican Central............... 17,004 18% May 2 26% Jan 19 18% Mas 26 Mar
23 4
224 23%
125 140 Mar 19 200 J’ly 17 § 130 J’m 155 Aug
§185 187 4 *185 200 *185 190 *18a 190 Michigan Central.............
*66
69
70 Minneapolis & St. Louis.
800
84 4 Jan 11 06 4 Jan 84% Oct
67
67
67
67 4 *66
97
*92
97
*92
97
100 90 A pr2/ L O% Jan 3 86 Jan 106 Oct
9 64 9 64 *96
Do pref.......................
O
146 148 *146 149 Minn. S."P. & S. S. Mane.
*142 148 §146 146
1,190 l4 l% J a n 4 164 Mar 24 89 4 Jan 145 Dec
166 167
600 169 % Apr30 L83% Jan 11 148 Jan 173 Dec
165 165
168 168 4 *165 170
Do pref.......................
36% 37
36% 37%
35 4 36%
37% 37% Mo. Kansas < Texas....... 66,500 29 May 2 40% Jan 12 24 Mh 39 4 Nov
t
fc
69
69%
684 69%
70
71
69% 70%
Do pref....................... 1 ..8u0 64% Apr 27 74% Jan 18 56 % Ma) 73 Aug
4
93% 94 4- 9 3 4 94 4
93% 95 Missouri Pacific............... 27,800 8o% May 2 1063 Jan 20 94 4 May 110% Mar
92% 93 4
+135 110 *135 140 §14o 140
3 i 0 133 May 3 149 4 Jan 12 137 Jan 158 Apr
140 140 4 | [ ash. Chatt. < St. Louis
V
fc
53%
53% 5 34
1,800 36 A p r27 o7 o c t 3 i 3 3 % M
584 53 4 *52
45 J an
534 534
at.of Mex, non-cum.pi
27
27
1,4U0 18% J’nel6 28 4 Oct 3 L 17% J’ nt 24 4 Jan
2 6 4 26 4
2 6 4 26 4
27
273
4
Do 2d pref............. .
32 % j ’nel6 36% Sep 12
____
8O-4 Sep * 83 Aug 4
Do pref .
...
126 4 127 4 127 4 1284 128 128% 128% 130% N. Y. Central < Hudson.. 28,S4o 12 J N ov. 2 156 % JaiT 8 136% May 167% Mar
&
l,3oO •;9 Mar 0 73 4 Apr 17 42 Jan 76 % Dec
62% 63
63 4 63% *62 4 64 4
62
63 4 N. Y. Chic. & St. Louis...
H I A p r il L20 < Jan 27 114 J ’ly 122 4 Jan
0
+112 120 *112 120 *112 130 *112 120
Do 1st pref................
88
86
86% *85
*85
89
70<- SO May 3 y j 4 Jan y 74 May 95 Dec
85
85 4
-3
Do 2d pref................
195 195 *192 193 N. Y. N. Haven & Hartf.
160 190 J’ly 1U 204% Jan 19; tl 91% Dec §216 Sep
*1924 195 '192% 195
45 4 45 4
45% 46 4
46% 46% N. Y. Ontario & Western.
3,800 43% May 2 5 7 '4 Jan 25: 40% Jan 64 Mar
46
45 4
94
94%
6,110 81 Feb2b 97% o ct 2] 76 Ma\ 88 4 Mar
93
98%
93% 93 4
945 93^6 Norfolk & W estern..........
a
,
*83 4 904 *884 89 4
500 89% Apr 12 96 Jan 6 91% Feb 96 Aug
9U 4 90 ‘■
q
*80
85
Do adjustment pref.
221% 223
221%227 Northern Pacific............. 222,637 L/ 9 % May 2 233 4 Leu 14 165 Apr 216 4 Aug
218% 220 4 219 223
127 13U 4 130 1304 *129 130% O acih c Coast Co.............
*123 130
3,100 103 Jan 10 142 J ’ne 5 78 % J an 109% Oct
i u5 Jan 5 106 Jan 29 100 Jaj) 108 Feb
*100 108 + iOO 108 *10 0 108 *100 1U8 1- Do 1st pref................
ldo 4 Jan 10 135 May 8 85 Jan 109 Oct
+120 130 "120 130 *123 130 *122 130
Do 2d pref..
137% 1384 138% 139 4 138% lo 9 4 1364140% Pennsylvania.................... 217,034 1^*3 J’ly 2 147 4 Jan 2 > 1314 May 148 Aug
33 A pr28 46 4 Jan i5 27 J an 48% Apr
"35
4U
"30
40
*36
40 Peoria rfe Eastern_______
"3o
40
7 0 May 2 87 Jan 24 70 Ma\ 187% Mar
*80
84
*80
83
*75
85 4 *78
8 54 Putsb. Cin. Chic. & SL L.
io 0 May 4 lb 9 A u gl-’ 105 Feb 112 Mar
*95 108
*100 105 *100 108 *100 108
Do prof.......................
146\ 147 l* 146% 149 4 5> ea d in g .......................... 1,292,400 112 May 2 -cL64 Jan 23 #79 Jan 143% Nov
1124 144% 144% 146
"89
91
sep 2b 96 Jan 22 90 MaT 97 sep
-90
91
*90
91
500
J \ 1at p r e f_____________
L>
90 A p r30 102 Jan ^0
98
*93
97
*93
96 4 .*93
29
3U3
„ 30 4 31 Rock Island Company___ 178,500 -2 4 J ’ly 13 31 NovlG 2 1% Lee 37% Jan
284 29%
28% 29%
64% 67
66 4 67 % 67% 67%
4,800 60 J !1y 2 6J% Aug20 60 4 N ot 85 Jan
66
66%
Do pref.......................
70
70 8
69
69
69
70
1,600 60 F eb 26 7234 Apr 3 67 Dec 81% Mar
70
704 St. L. c&S. Fr., 1st pref_
_
49
48 4 49
49
494
48 4 48 4 *46
2,000 4 0 ^ J ’ly 17 51% Feb 6 45 Dec 73 4 Mar
Do 2d pref................
2 14 24%
2, L O 20% May 2 27% Jan L9 20 Ma\ 2 7 4 Jan
O
*23
24
24 4 24%
215 25 7 St. Louis Southwestern..
s
q
*58
60
*57
59
6U3 60
4
7uu 4S34 May 2 63% Sep 10 55 N ot 66% Apr
594 61
Do pref.......................
90% 92
92% 94%
93% 954
>
;;45 95 % Southern Pacific Co........ 317,510 61 May 2 97 4 Sep 21 57% Ma’i 72% Feb
s
*1184 1194 1134119 2119 U 9
119 119
885 ] 16 J’ly 2 120 J’ne 6 115% Jan 122% Deo
Do pref........................
33% 34% 33% 34% Southernv.tr. cfs. stmpeu 25,300 3 1% N 0 v 12 43% Jan 26 28 May 38 Sep
32% 324
3 24 33 4
4
*944 97
96
96
95 4 95 4- 954 954
8U0 943 N o v i2 L03 Jan 16 95 Apr 1024 Sep
Do pref.
do
36
36%
7,000 28 May 2 40% Oct 2 29% Apr 41 Mar
36% 364
364 36% Pexas & P a cific...........
35 4 36
-123 125 *120 124 *120 125
123 123 JL lnrd Avenue (N. Y .)...
200 1-3 AuglO x139>$ Jan 17 120 Dec 141 Dec
29% 2 % *29 4 30 4 *29 's 31 4
30
30 Toledo Rail ways & Light
70 j 29 4 Apr 23 36 Jan 22 22% Jan 37% Apr
1,200 25% J’ly 2 40 4 Jan 19 31% May 43% Apr
344 35
314 344
344 35
34 4 344 Toi. St. L. & W. v. tr. ctfs
lp'OO 43 J’ly 13 59% Jan 19 51% Jan 65 Apr
544 544
544 544 *53 4 54 4
Do pref. vot. tr. ctfs.
544 55
BAN K S AND TRUST COMRANIES— BROKERS’ QUOTATIONS
B id A sk
B id A sk
B id A sk
B id A sk
Banks.
Banks
B id A sk
B anks
Banks
B anks
Chemical_ 4100 4250 Fifth............. 340
_
Metronolis ! . 390
Imp & Trad. 550
P a c ific !....... 240 250
N E W YORK
Citizens’ Ctrl 140 145
First............. 690 710
Metropoii’ n ! 160 170
Park............. 455 465
Inter boro ! . . 145 155
Aetna........ 2074 215
C it y ............. 267 27 2 Night & Dav
Mr M orris!.. 240
240 250
300
590
Irvin"*
People’ s ! . .
A m erica! ... 1530
Coal ifc iron. 250 260
Plie n i x ........ 1176
14Ui btreet,j\ 225
290 2 L
O M utual!....... 300 325
.Je her son!
Amer Exch.. 1250
Colonial! ... 700
500 520 Nassau! ___ 195 200
F ou rth ___i. 210 214
560 580
Plaza3 ..
Liberty .
A s to r........... 650 750
Columbia! .. 450 525
G allatin....... 1369
1500 1700 New A ms ter 200 215
Prod Exch5 . 165 175
Lincoln
Battery Park 125 135
Commerce... t 180
New York Co 1200
G arfield.......
Man na.tta.nll f295 %
Riverside! .. 250 280
500
Bowery^, .
320 330
Consolidated 160 165
N Y Nat Ex. 200 n 5 Seaboard. . . . 375 400
German Am", 155
Market <&Ful 265 275
Batch’ s & Di 1 0 170 C’ ru Ex chi!
5310 ;i5
*
German Ex 115
New Y ork ... 315 322
700
Second ..
.Mechanics’ . t 245
Century",,_ 175 185
_
Discount! ... f 150 160
Germania! .. 500
Afech fa, 'Fra* 165 l ; 5 19 th Ward3 .
>60
2500
state! -Chase .......... 700
North Amer. 235 2 75
East River.. 150 160
Greenwich ! 295
34th S1reet
">50 261)
207 4
Haniiiton*i .. 245
Northern_
_ 155 L70 12 th Wardl . j350
Chatham_ 295 305
_
F id elity !_ 200
_
Merch Excli. 165 I 75
Chelsea Esc.' 195 ........ Fifth Ave^ .. 37 5u 4000 Hanover...... 500 510
•23d Ward5 .. |l90 ------ .a
Merchants’ .. 16* 170 Oriental!...-. •270 280
* Bill ami asked prices; no sales were made on tins day. § Less than LOO shares. $ Ex-rignts. ! State banks, a. Ex-dividend and rights. &New stock,
r bale at block Exchange or at auction tills week, s Trust Co. certificates
h Assessment paid, n Sold at private sale at this once.
B anks
Bid
A sk
N©W York
Nov. 17 1906.]
Stock Record— Concluded— Page 2
t i l O C A S - -H J O H A S 'l A N D L O W A S 7 si A L A A K J C A A
S a tu ru a y
N ov IO
JJcm aav
Nov 1 2
*YM n fU irly
uesaag
Bov 13 •
N ov 1 4
J hursaciy
1
Nov 1 5
/n «ia v
N ov 16*
N E W YORK STOCK
EXCHANGE
1213
o- A a n y s >ur Y ea r lb()h | Kange tor Hreaxon9
m oasts 0 / lo u -sn a re tut*
Year (
Utc
Week
H ig h est
Shares
Lowest
H ig h est
Lowest
1,84. 10S% J’ly 3 122% Jan 22 105 Jan 122 4 Apr
110 4 110 4 Twin City Rapid Transit.
___
B
. ... $ 50 Oct 8 $15o oct 3 ;'$153*% May 100 J’no
Do prof........................
1S3% W> v I [ nion Pacific................... 821,000 138 4 May 2 i *5% Sep 4 113 Jan 151% Deo
i s i 1 8 --v 179% 189%
3uo 91 4 May 2 99 % Jan 2 95 4 Nov 101% Feb
*97 4 94
92 S 92 4
i
*92% 93%
1,2 2n 50 Apr20 98 Jan Is 21 4 .Jan 92 4 Deo
•2
$62
63 si 6 i 4 Unit Rvslnv’t of San tfran
*62
63
|
499 55 Apr 20 93 4 Jail 17 64 % Jan 91 4 Dec
Do prof........................
71
7 1 4 714
*71
72 S $71
i
84 4 Apr 19 87 % Jan 13. so J’ly 85 Nov
United Rye of St Lou. prei
2,400 1S% J’iy 12 26 4 Jail 24 17 4 May 24 '-i Sep
19% 19 ‘»
i 19% 19 4 *19% 19 4 \\/abasu...........................
18 ‘s 19
19
194
*iu
104
3,lu0 10 4 Jan 3 53% Feb j - 37 Ma> 48 Feo
42% 424
4 1% 42
42
42 4
42% -12%
42 4 12 4 * ▼ Do prof......................
42%
. . . . . . 3 4 Jan 3 44 4 due 4 27 Nov 30 Dec
*35
37
•35
40
•35
37
<35
3.i% Western Maryland___ _
*35
37
*35
37
600 16 Apr 28 21% Feb 6 15 Mil} 19% Mar
17
17
17
17 Wheeling
•164 174
Lake Erie...
i 9 i
*16% 17 S M t S L S *164 174
i
200 36 May 2 48 4 Feb 0 36 May 48 Fob
*37
39
37% 38%
*37 4 38
*3 74 39
Do 1st prei.................
•37 4 88
*37
39
700 2 1% Oct 3 1 2 9 4 Fob 6 20 May 28 4 Alar
*214 22
*21
23
*2 1 4 22
<214 22
22 4 23 4
Do 2d pref.................
*21
22
1,000 23 May 2 33 Jan 17 20 Apr 33 4 A 1 g
1
253* *25
26
*25
25% Wisconsin Central............
243 254 *25
4
26
*25
26*a *25
670 44 J’ly 2 64 JaD15 45 Jan 64 4 Oct
*51
53
50% 50 S
i 51
51
51
$52
52
514 *50 4 52
Do pref........................
Industrial v ^Uncoil
te
120 $240 .Fuel4 '>300 Aug27 $236 Jan $250 Fob
\ dams Express..............
♦275 310 $275 280 *‘250 300 *275 300 <280 300 *275 300
*16
16%
8,90 0 16 J’ly 3 27% Jan 24 13 Alay 24% Dec
16 S lo S
i
16 4 16% *16% 17
lliJ 17 r .“V llis-Olialmers..............
4
t
*16% 1 7
4,2 5 0 40 Sep 22 67 Jan 24! 4 6 4 Alay 68 Feb
45
*41
4o
4 1 4 46%
44 7 44 % <44
s
Do pref......................
44
44
4 ; S 444
i
92% J’ly 13 11S1 Feb 13 70 Jan 111% Dec
)
4
1114112 4 1-U % 1134 A raa lga mated Co pper....... 1 j U,.) l
llu % U U % lo 8 7 110
e
109 4 n o 4 1104112
340 20 J’ly 3 34 % Jan 2. 20 Jan 29 % Apr
25 4 *J6
25 4
25
25
25 Amor Aaricult Chemical.
25
"25
25 S *25
/
*25
25%
. . . . . . 92 4 Nov25 102 Jan 25 89 % Feb 95 Aug
93 S *92
i
93 v * 8 /
,
1*4
93%
*S7
934 *8 7
-87
93% *87
Do prei......................
M
2 2 % 23 4 *23
23 4 23*4
1,450 2 0 4 . ay 2 35 Jan 6 23 Nov 35 Dec
23
23
23
23
24 Amer Beet Sug.ir..............
$23
23
. . . . . . 82 'f. Oct i
8 9 4 Jan 8 77 Jan 89 Dec
* ......... 87% <
87 S *......... 8 7 4 * ........ 87 4 T......... 87 4 *......... 87 S
i
Do prof........................
42
44%
42'*$ 43
43 4 4 37
g 44
43% 4 4% American Car c Foundry 11,*510 32% J ly 13 47 m Jan 24 31 May 43% Apr
U
43
43%
4 24
700 9 8 4 J’iy 13 105 Jail 24, #91 % Jan 104 4 Apr
10 i 101
*101 192 *1003 102 *100% 102
4
101 lOt
101 101%
Do prei........................
#83
33
3,9 2u 28 May 2 44% Jan 11
35
35
34
35
33
33
3 O bl)
34 S 35
i
American Colton Oil.......
, 3 ly 40 % Dec
110 90% J’ne-0 95 Jan 10 I 89% J’ly 97 Feb
A
90
95
$95
95
95
95
*90
95
*93% 95
Do i>ref........................
*93Si 95
Apr26 272 Aug 30; $2094 Jail 246 Fob
tO2i5
*240 245 $ - 45 245 *240 245 *240 245 *240 245 *240 247 i. American Express............
7% May 2 11% Jan 15;
*8%
4% Ana 14 Jan
9S
i
*8 4
94
<8 4
91
4
"8 % 9 m American Grass Twine ..
"8 4
94
*S%
9%
*5^
53 jSTovlo 10 Jan 26
4
*5%
6
*5%
6
6 J ’lit 11% Dec
100
**5% 6 Amer Hide<& Leather___
6
53
4 54
*5%
6
24
25 4
705 24 N o v i2 43 Jan 251 29 4 Oct 55 % Alar
25 4 25 4
25
24% 24% *24
*‘ 4
2
25
244 * 2 1
Do pvet........................
3^ 89*4 S9 4
4
89^ fcO
800 3 5 % Jan 2 9 i % Sep 25 243 J’ly 36 Dec
8 . 8 9 %
SD3S 89%
89 4 8 *4
85
8 S% American Ice Securities.
343 17% May < 29% Jan 22j 15 % Jan 23 Deo
*17
13% *1 i % IS
18
18
18
18
17 pi 173
4
* i ? 4 18 s.
unerican Linseed............
40
100 38 Nov 2 53% Jan 20} 36 Jan 48 4 Apr
39
39
*3o
3 j -_ <3S
*37
40
*37 4 3-i S * 3 7 4 3 9 4
i
Do pref........................
73
74
7,100 53 % May 2 78 4 Jan 4' 33 Jan 76% Dec
il% 7 17
72
73 4
72 4
73 4 74% American laicomotive...
72 S 72%
2
8 72
9 i
200 110 4 May 2 120% Jan 16 103%Jan 122% Apr
110% I i O% * 1 L S 111-. d l l 1114 112 113 <111 112 *110 112
Do pref........................
4 J ’11029
......
6 ib Apr 0
5 % Nov
5 Dec
.4
5
*4
5
*3 4
5
*3 4
5
*3 4
5
*3 4
5 Amer.Malt. ctfs. of dep...
*25
27 4 *25 4 27
300 25 Jan 8 29% Apr 5 24% Dec 26 Nov
25 % 26
*25
27
*254 27
*26
27%
Do pref. ctfs. of dep..
*2 7
25 Sep 10 54% Apr l'i
*97
30
*26
30
<26
30
*27
30
SO1 *27
^
30
60 Aug 7 88% Apr 12
♦58
62
*58
62
*58
62
*59
§2
*58
62
T)o prof
*5 9
Gj
*92*4 954
100 94% Oct 22 101% Jan 18 97% Sep 102 Nov
94% 94% *94 4 95». Amer Smelters Sec pref B
*94 4 9 5 4
*95
96
4
153% 15o% 152 % 15 o 3$ 153% 154 -4 1541 156 4 155 156% 15 0 4 157 * Amer. Smelt’ gtfc Relin’g. 103,950 138 4 May 2 L74 Jan 18; 793 Jan 170% Dee
4
;
2,42 u L13% Sep 2b 130 Jan 12, 111 % Jan 137 Dec
Do pref........................
117% U 7 1 11i % il7 4 116 4 11 7% 117 117% 117 117 S 116% 117
*
2U0 J’iy 6 220 Jan 25 163 Alay 250 Nov
*200 2*0 * 2uU 240 *200 240 <200 240 <200 *no <200 240 American Snuff.
100 100% oco 22 107 J a n -6 99 Jan 110 Dec
*1U1 105 -101 105 *101 105 <101 105 <lOi 106 *101 106
Do pref........................
10
1U
9% 10
9% Oct 20 15% Jail 17
1,200
10
10
*9% 10 American Steel Foundr’s.
*9 4 10%
97
$ 97
$
6% J’ly 18% Alar
44
♦44
45
4 4 4 $437 4 3 'b 44 4 44 4 *44
44 4 *44
44%
410 40 Alay 2 53 % Jan 17 35% J’ne 67 4 Apr
s
Do pref........................
131% 133
133 133% 133% 134
5,700 127 4 May 2 157 Jan 8 130 Alay 154% Dec
132 4133
133% 134 American Sugar Rciimng
*133*4 154
540 130 Sep 20 140 Jan 19 133 Alay 141 Aug
130% 130 4 131 131
*130 133 $130 130
Do pref........................
*130 155 <130 135
130 J’ly 18 144% Jan 19 131 Dec 1484 Jan
*130 139 -137 139 <135 139 <135 139 <loo 139 <135 139 Araer. Teleph. & Teleg...
99 ls 99 S
98% 99
2,175 96 J’ly 3 109 Jan 22 91% Jan i0938 Dec
9 8 4 984
98
98 4 Amer. Tobac. (new), pref.
i 934 994
9934
28
30
31 % 31 % 8 1 4 34% American Woolen............ 19,720 28 Nov 12 48 Jan 6 20% Jan 47 % Nov
30% 314
30
31
23 4 30
102 102% 102% 102%
558 101 J ’ly 13 110% Jan 2 4 93 Jan 108 4 Afar
*101 101*4 lu i% K )l% 102 102 $ 102 103
Do pref........................
270 275
273 4 276 4 2? 3 4 2-76 Anaconda Copper.............. 96,900 223 4 May 4 300 Feb a 100 4 May 295 Dec
267 268^ 204% 267 s. 266 268
-115 120 <105 120 <105 120 <tU5 120 *105 120
••- . llo Aug29 178 Jan -3 175 Dec #215 Feb
*115 1-0
aBrooklyn Union Gas___
4
*15 4 164 *15% 164. Orunsw. Dock<& C.Impd
60 13% J ly 9 213 A p r il 10% Jan 22 4 . Deo
*16
16*4 $153* l o 3;? §1 5 4 155 *1 5 4 16
$
56
*40
56
*40
56 Butterick Co......................
i
i 52 S 52 4 *40
i
XOo 40 Apr 16 70 May 9 50 Dec 60 % Jan
*52'o 56 S *52 S 56 S
i
35 ii 35 Si 06
37
37 4 * 3 6
3i%
1,200 34 Oct 26 49% Jan 24 40 Sep 47 % (Jet
*35% 363,
37
374 / tentral Leather............
36 4
1U2% H»2% 103 103
5U0 100 J’ly 3 107 4 Jan 24 102 4 Nov 105% Nov
Do pref......................
*100 103 <luO 103 *101 103 -100 103
51
62%
51% 53%
4y S 51
a
50
51
62
53% Colorado Fuel & Iron___ 37,865 40% May 2 83 % Jan 26 38 Alay 59 Mar
51*4 51**
85 J’ne29 112 4 Jan 29 80 Aug 105 Alar
*8 L 100
*8 L 100
*81 100
*81 100
*81
97 4 *81 100
Do pref..............
20
20%
b
20
203 Col. & Hock. Coal & Iron.
4
19Si 19 S
i
19 4 203
4
20 4 20%
2,900 17 May 2 26 > Jan 31 11% Alay 20 Dec
20% ‘ 0%
J
137 137 <137 139
1,600 130% Apr 27 181% Jan 23 175 Nov 214 Mar
138*- 138 S 137 138 *137 139
i
137 137% Consolidated Gas (N. Y .).
19 S 19 S
i
19% 19%
193 19%
4
i
19% 1 9 %
*19*-. 20
1,831 18% J’iy f3 28 ^xpr 4
19 4 20% Corn Products Refg’ .
75
75^ *75
75% 75 4
76% 76%
Do prei
806 74 l2 Alay 2 85% Apr 2
76
7 5 4 7 o4
*75 * 76
g
69% 69%
68 S 69 % 6 9 4 6 9 4
i
69% 70
6,592 5 L Jan 30 74% Sep 2o #34 > Jan 54 % Dec
*69
70
69 4 71% Distillers Securit’s Corp.
87 % Jan 19 76 May 89 4 Feb
*
80 r
80 * ......... 80 - ........ 80 <......... 80 * ......... 80
electric Storage Battery
138 "Jan 4 199 Jan 22 G
O Jan 145 Nov
(federal Aiming & Smelt’s
*160 175 *160 175 <160 175 <160 175 f 180 175 *160 175
95% 96 S <95
*95
99
98
SO 91 J’iy 3 1 12 % Jan 22 75 Jan 1104 Nov
O
i
9 6 4 964 *96 4 99
Do pref........................
*96% 98
4
T/1%173% 173 173% 1 7 4 4 1 7 4 4 174 1754 174 174^ General Electric...............
173 173
2,200 1601 J’ly IB 18i Oct 9 169 Alay 192 Alar
18
17 4 17 4
18
19
17% 17 78 177 17 7s $18
Jnternational Paper.......
*18
1S%
6,068 16 Sep l > 26 *4 Jan 15 18% J’ne 25 % Dec
8
81 ^ 814
*81
82
82
81% 8 2 4 i Do pref........................
1,225 80% Sep 22 90 Jan 13 7 6 % F e b 88% Dec
8 1 4 8 1 4 *81
*81*2 * 2 ^
59
69
*54
57 [nternational Power.......
*5034 60
*50% 58
300 48 Sep 14 #95 Jan 29 48 Oct 100 Feb
65
56 4 *50% 57
*42
44% 4434 "44
45
45
44
44 Internat Steam Pump___
<40
45
*41
45
200 28 Jan 15 60 Alay 8 26 Dec 40% Feb
*80
79 Jan 11 92 Alayl4 78 4 Atay 88% Apr
*79
81
*7 9 4 81
81
Do pref.............._____
*80
32
81Si *79
*794 81
75^ 753^
74% 75%
7 5 ^ 75%
74
75%
74
75
7 3 4 74% KnickerboCKer Ice( Chic;
4,900 54% J’ly 6 84% Sep 27 10 Jan 63 De*
73
734
7334 7334
733 7 4 4
*
3,300 62 Alay 2 7 1 4 Oct 24 52 Aug 69 4 Dec
7 4 4 744
734, 745 jV ational Biscuit............
& f
72 “ 73 ^
a
113v»Jan 5 118 4 oct 8 110 Aug 120% Alar
Do pref..............
18 ^ Jan 15 11 Aug 31 % Apr
133 1 3 % Nat Enameimgcfc Stamp’ g
4
*13 ^ 14
"1 3 4 14
i
300 12 Alay
*13 4 14
135s la34 *13 S 14
82 Sep 1/ 88 4 Mar 8 80 Aug 94 Apr
*83% 87
*83
87
*83
87
*83
87
*83 4 87
Do pref...................
*83% 37
8
74
743^ 75%
7 5 % 7 6 % National Lead....................
7 1 4 76
74%
75
75%
8,300 66 Alay 2 95 * Jan 19 24% Jan 89 4 Dec
744 744
>
102% 102% <102 4 1 0 4
»102^104
440 100% J’ne 7 106% Jan 22 97% Jan 115 4 Dec
Do pref........................
103 \ 103 -0 U 3 lu3 $104 104
1427 142 7 <140 144 *140 143 *140 145 <140 145
s
b
142 4 14 - % New York Air Brake.......
8u0 133 J’ly 13 163% Jan 5 140 Alay 168% Nov
*87
93% *87
i
*88
90
88 % 88 S
i 87 S 88 4
87% 88
92 4 North American Co., new
1,400 87 4 Nov A 107 Jan 12 95% Nov 107 Apr
36% 36 S
pacific Alail......................
2
36
36 4 *3 5 4 37
2,340 28% J’ne29 5 1 4 Jan 19 33 May 53% Deo
36
37
35 4 36 4
3 5 4 364
b
89% 9u%
9U
91% -1 eop. Gas-L.da C. (Chic.)
e
88
89
89 4
6,630 88 J’ly 1 3 103 Jan 2 97% May 115 4 Apr
89*3 89 3
& 887 88 7 #38
16 % I 6 4 *16
16% "16% 16%
I 6 4 *16
300 13% Alay 2 17% Alar31 12% J’iy 21 May
164 16% Pittsburgh Coal Co..........
16% 16%
*58
60
*58
60
60
Do pref......................
58
58
58
58
*5 7 -2 59*12 *57
300 50 J ’ly 3 62 4 Jan 19; 45 % J’ly 80 % Alay
53
54
8
52% 525
b 50% 524
4,900 43 Alay 2 64 > Jan 241 33 4 J an 58% Dec
52 4 52%
54
54 4 Pressed Steel Car..............
5 1 4 52
97% 97 % *97
97%
9734 9 7 %
9734 *97
9734 <97
Do nref........................
200 95 M ay 2 I0o Feb 1 87 Feb 101 4 Oct
*97S 98%
2
259 260
4,33 u 218 J’Jy 0 2 /0 Nov 9 230 Alay 358 Aug
260 264
262 263% 261 262
260-% 262 4 257 260 Pullman Company............
52
52
52
52
"5 1 4 52
52
52
52
52 4
3 > ail way Steel Spring...
62
52%
2,100 44 Alay 2 62% Jan 15 30 May 63 4 Dec
4
*993 lo l
4
100 100
100 100
*99% 100 4 t^ D o pref........................
*99 103
loo 100
550 973 J’ly 13 107 Jan 2! 93 Jan 106 Nov
i
35
35 4
35% 36 Republic Lron & Steel. . .
35% 85 % *34 S 35
35
35
4,300 22i4 .Uay 2 40% Sep 19 15 ./an 36% Dec
3434 35
98
98%
2
Do pref.....................
97% 97% *97 *97 S *9 6 4 98
98
98
98% 9 8 4
2,950 91 Alay 2 110 4 Jan 9 67 Jan 108 Dec
72% 72%
73
73 O loss-Shollielci St. < Iron
71
72
fc
*71
72
73
73
900 6 8 4 J’ly 13 9 7 4 Jan 12 60 Jan 1184 Feb
*104 110 <104 n o
10* ^ Oct 1^ 113 Apr 3 1U0 Jan 130 Feb
* 104 n o
"105 n o
*105 n o
O Do pref........................
* i0 4 i< ii o
153 S 155
i
1111...
*158 160
500 129 Jail 2 #105 Jan 12 68 Jan 148 Doc
158 158
1594159% <155 160 *155 158 Penn. Coal, Iron
86Si 8 6 4
*80
87
86
86% *61
»84
88
84
81
87 Texas Pacific Land Trust
800 60 May 2 88 Oct 23 1 37 4 Jan 66 Dec
5 4 Sep 7 15 % j an 19
6
8% J’ne 15 4 Oct
6
6
*6L
64
.
6
j I mon Bag & Paper..
200
52*4 5 2 4
62 4 523
4
52% 52%
52 4 52 %
700 52 oct 15 84 Jan 181 68 Ian 82^ Dec
45% 46 "
46% 46% *45 4 48 4 *45 4 46% U. S. Cast 1. Pipe tfc Foun.
1,300 43 4 May 2 53 Janl7| 19 % Jan 48 % Dec
•45
47
45 4 45%
89
Do pref........................
. 88 S *86
i
500 s7 4 N'oy13 96 % Jan 24} 79 % Jan 9 7% Apr
87 4 874
884
87 4 87%
8 6 4 88 4 $89
120 120 *115 125 *115 125 <115 120 <115 120 *115 120 United States Express...
100 109 Alay 1 138 4 Jan 26 $110 Dec 134 Feb
83
83
*79
87
38 4 83% U S Realty & Improve’m
500 75 Aug13 94 % Jan - {)\ 77 Jan 98 4 Alar
86
86
8 7% 88 4
84
8 74
i
•27 % 29
Retin’g
700 24 Mar l 4 0 ‘bJ’ne b 18 Feb 40% Apr
29% *2 8 4 31 U S Reduction
29
29
*2 7 ^ 30
*28
30 S
i 29
70
70
70
70
Do prei......................
*694 71
*69 4 72
310 60 Mar 2 2 84 J’ne 6 35 Jan 73 % Aug
•6*% 72
*69 4 72
483* 4834 *48 4 4934 48% 49%
49
51%
49
49
51% 52% United States Rubber___ 10,610 38 J’ly ! 3 i>9 4 Oct 2 } 33% JaL 58 4 Sep
1 0 6 % 1U0%
106 166
Do 1st pref.................
1U6%107
900 zlOi>% J’ly 13 #115 Jan 15 98% Jan 1I 8 4 Apr
106 106
106-% 106% * 105% 107
77
*75
77
77
75
75% *76
Do 2d p r e f...............
-7 5
77
400 75 Alay 2 #87 % Jan 15 75 No\ 83% Deo
75 4 75 4 *75
45 S 4(3
2
47
48 U United States Steel.......... 372,600 32% J’ly 13 o0*4 oct 12 24% Aluy 43 % Dec
46*8 46%
46% 47 4
45 % 46%
46% 47 4
104 1044 104% 1043 104%105
1U4% 103% 104% 105 4
Do pref........................ 34,362 98% J’ly 3 113 ‘.j Jan 2i» 90% Alay Lu7 Deo
104 S i05
i
4
36
364
36 S 37 % Vlrginia^Carolina Chem..
i
37
37
2,010 31 J’ly 3 58 Jan 2 28% Sep 58% Dec
36
36%
36 4 37% $36% 3 6 l4
Do pref........................
111
510 104 J ’ly 3 117 4 Jan 2 103% May 118% Dec
111 * 1U8 110 *108 111 4 1 1 0 4 U 0 4 110 4 1 1 0 4
$108 108
58
60 Virginia Iron Coal <fc C . .
55
54% 6 0 4
4,875 38 Alay 2 60 Novlo 36 J’ue 52 4 Feb
54 7 54%
g
56
674
63*8 53 % $55
Oct 26 $220 4 Dec 260 Fob
110 233 Alar 2 3 305
*290 302 *280 300 *280 300 <290 298 <290 300 $290 298
Y\Tell3 Fargo 6c Co.......
85^ 85^
85% 85%
854 854
est’ n Union Telo’gph
810 85 4 Nov b 91 % Jan 36; 92 Jan 95 4 J’ne
86
8 0 4 854
85 4 85 4 $86
155 156 West’ gh’seEl & M Ig assen
800 L4S Aug30 176 Jan 5 152 May 184 Apr
loo 155 *155 158 *155 157 *155 169
157 S 158
i
•
162 162
Do 1st pref.................
162 Nov 16 188 Jan 22* 187 4 Dec 197 Apt
♦165 185
111
111
i09u 1104
...........
110
110
llOsi
......
180 4 181 7 181%
e
92
•92 4 934
62 sa 6 j3
^ 63
*71
72 s
s 704
....................
1104 n o 110
. . . . . . ...................
1v3 % 183 * 185 s.
h
9 . 4 <92
63
6 i % 63 l4
71
71
71
BAW KS A N D TRUST COM PANIES— BR O K E R S’ Q U O TATIO N S
Bank*
Union ExchT
V S Exclia’e!
Wash. H’htsi
W est SideV..
Yorkville’jj ..
B id
222
125
225
600
400
A8fC
228
130
Banks
B id
Asfc
BROOKLYN
First.............. 390
Home BankV 100
Man oiactrs’ . 400
Mechanics* . 290 305
Nassau..
250 2 6 0
BHOOKXTN
Nat City
300
North Side*
Boroutrh*’_ 160
_
Prospect Pk< 15o' 1 i;r.
Broad w . *• .. 400
■
Terminal
140
Brooklyn4 .. 135 145
Union*,........ 225 235
t Bid and asked priced; no sales on this day. $
•Sale at Stock Kxokange or at auction this week
Trust Cos.
B id | A s k 1 Trust C o’ m
B id
Ask,
565
Trust Co’s
Alut. Alliance
N Y LiletfcTr
New York Tr
StandardTr’t
Titledu tfcTr
Tr Co oi Am.
union Trust
U 8 M tg <fc Tr
Unit States .
Van NMftn'L’r
Washington
Windsor.......
Trust Co’s
BROOKLYN
Brooklyn Tr
\ 1021
Citizens’ .......
725
Flat bush___
130
415
Franklin___
565 575
Hamilton___
750 1 0 0
1325 1400 Home............
Jenkins.......
440
425
Kings C o___
1 290 1315
L i si LA Tr.
300
B id
203
Ask,
215
B id
A sk
Fifth Avo Tr
410 425
Fulton.......... 310 330
100
170
Guaranty Tr
520
270
Guardian Tr 228
! Bankers’ Tr. 545 565
325 350
1BowTgGreen 440 450
Hudson....... 100
330 350
; Broad wayTr. 150 155 |Knick ’rb’k’ r 1150
. . . . . 185
Central Tr’at 2 0 0 0 2 2 0 0 Law T 1 tfcTr 285 290
200
395
Lincoln Tr... 395 405
C o Io u l m I ....... 385
450
200
Manhattan .. 470 490
Columbia___
300
86
Mercantile
850
265
400
310
;■_«)
Metropolitan 565
People’s ....... 326 350
215
>30
155
MortoiilTust
Equitable Tr 445
800
Williamsb’r. 1 2 2 0 4
11
Farm Lo < Ti 1375 14001 M In a l........
fc
130
Leas than 100 sfiares. t Ex-rights. 0 New stock. < Kx-dividend and rights.
5
0 Ex stock dividend. 3 Trust Co. certificates. U Banks marked with a paragraph (U) aro State banks.
N. Y. CITY
New York Stock Exchange—Bond Record, Friday. Weekly and Yearly
OOCUPYIM*
BONOS
J T Y. STOCK EXCHANGE
S.
W kkx E nding K ov 16
L. S. (toviM'imuMii
'vj £
•
"l“S
fY ice
/'Yidav
JSov 16
Bid
Week's
Range or
Last SaU
<
4
>
v
Range
----Since.
O
^ A January 1
High A o
105% S ep ’ 06 . . . .
104% N ov’ 00 ....
103 % Aug’06 . . ..
■
103% Oct 'On . . ..
107 j me’02
104% Oct ’05
102% Nov’Oi
’
102 N ov’O
O
_
131% Sep ’00 _
131 % Oct ’06
! 05% Oct ’ 00 ....
111 May’O
C
Ask. Low
104 3q 104 \
104% 104 L
L03 103^
103 103L
FOL'U
PA
BONDS
N. Y. STOCK EXCHANGE
W eek E nding N ov 16
> ,^
1
Bid
Ix)iv High
I-N
103 % 105 % Cen R R & B ofG a col g 5s 1937 V
103 104% Cento! N J gen’l gold 5s. 1987 J-J
102% 103%
Registered................ A1987 Q-J
102 104%
Am Dock So Imp gu oh.. 19211 J - J
J- J
102 *4........
r.f\
Leh So WRks B Coal 5s 191*' \ »
!02 103%
102 102%
Con ext guar4% s___<r/191o Q-M
102 102%
102 104%
M-S
130 L 131 '
129 131% Cent Pacific See So Pacific Co
130*12131
129% 132% Ohas So Sav See Atl Coast Li n <
1 0 4 ^ 1 0 5 ‘s
105 % 105 *8 d ie s So Ohio g 6s ser A..AT908 A-O
109 ........
108% 111
Gold Os.
. .. __al911 V-0
1st con an1g 58
0 3 6 A-\T
Registered
1639
General gold 4 % 8 ...,___1992 M-S
l o r c if c i <Government
Reg is te red................... 1992 .M-S
96%
97% 148 96% 101%
% 97% Sale
Craig VaUey 1st g 5s___1940 J-J
Japanese Govt 6s steri’ g.1911 A •
O
97
97% 165 97 101%
R So A Div 1st con g 4 s .. 1989 J-J
2d series 6s...................... 1911 A-O X 97% Sale
91%
93 600 90% 94%
2d consol g 4 s ...............1989 J-J
ii loan 4%s Cti's full pd.1925 F-A f OS^Salc
89%
92% 370 89% 93%
IWarm Spr Val 1st g 5s.. 1941 .V S
2d series 4 %s cti's lull paid. J. J 1 92 sale
82
83 % 190 82
88
Greenbrier Ry ls t g u g ^ s ’ 40 M-N
«£ loan 4s ctfs lull paid.. 1931 J-J t 83 % Sale
Chic & Alt RR ref g 3 s ...1949 A-O
Repub oi Cuba 5s ex ten debt.. M-8 t 103 103% 103*8 103% 20 101% 108
97%
98
6 97% 101%
R ailw ay 1st lien 3 %s... 1950 J-J
V 8 of Mexico s f g 5s of 1899 Q-J X 97% 99
lo 92% 96
95
Re tri fife,red
1950 J-J
Gold 4s of 1904............... 1954 T D 95 Sale 95
t : hese a r e pr ices o n the b asu of $5 to £ . Chic Burl<& Q—Denv D 4s 1922 F-A
i
State S ecurities
ILlinois D iv3% s............. 1949 J-J
111 Mar’02
Registered
1949 J-J
Alabama curr fund 4 s ___1920 J-J
117% 118
Gold 4> ..........................1949 J-J
S
Dist of Columbia 3*65s___ 1924 F-A 115 ........ 117 % J’ne’06
105% D ec’04
A-O
Louisiana new consol 4s.. 1914 l. 1
101 101
Sinking fund 4s
1919 A-O
North Carolina consol 4 s.1910 J - J ib i ........ 101 J ’l y ’06
Nebraska Extension 4 s.1927 VI-N
6s.........................
1919 A-0 126 132 122 J ’ ne’06 ___ 122 122
120 Mar’Of
fV
l-N
So Carolina 4 %s 20-40....... 1933 .! .;r
96% Aug’06
... 99
95% 96%
M-S
Tenn new settlement 3 s..1913 7 - 1
95 % D ec’04
Joint bonds See Great North
Sm all...............................- ....... j - j
95 ........ 95% Oct ’06 .... 94% 96%
I-Is
Debenture 5s..................1913 V
Virginia fund debt 2-3s... 1991 j - j
24 Oct ’06
20
24
20
29%
Han So St Jos consol 6s. .1911 M-S
6s deferred Brown Bros ctfs.
Cliic& E 111 ref & im pg 4s 1955 J-J
R a iirca i!
1st s f cur 6s
190? J-D
labama Cent
So Ry
A-O
A iaba M nil See SeeCoast Line
At
General consol 1st 5s___1937 M-N
>
Registered....................1937 M-N
Albany So Susa See Dei So Huu
Cliic So Ind C Ry 1st 5s. 1936 J-J
A L©gl1e ny Vail ey See Penn R 1
i
Chicago So Erie See Plrie
All eg So West See Bull R So 1
93
93%
8 90
93
94
99
Chic lu & Louisv ref 6 s... 1947 J-J
Ann Arbor 1st g 4s........ h 1995 Q-J
Refunding gold 5s.......... 1947 J-J
Atcli T<& S Fe—Gen g 4 s.1995 A-O 100% Sale 100% 101 244 100 104%
99% 103%
Louisv NBA S Ch 1st 6s. 1910 J-J
o
Registered...................... 1995 A-O 100 101 100 % N ov:06
Conv g 4s........................1955 J-D 106 Sale 104% 106 389 100% 110% Chic MIL So St P term g 5s 1914 J-J
104% Oct ’06
Genera l g 4s series A p 989 J-J
A
100% 108%
Warrants for 50-yr conv 4s..
92% 13 91
92% Sale 92%
97%
Registered.................. e 19 89 Q-J
Adjustment g 43.......... /FI995 N ot
95 Sep 5
05
Genera l g 3**>s aeries B el 989 J-J
Registered................. /il995 \ ( V
41 91
92%
93
92% Sale
97
Chic S L Su Div g os .1921 J-J
r.
Stamped...................... /il995 M-N
99% May’05
J-J
Debentures 4s SeriesE.1907 F-A 100
___ 98% 99%
99% Oct ’O
G
98% 100
Cliic So Pac Div 6s.......... 1910 J-J
Series F .........................1908 F-A
97 ........ 100% J a n ’06
100% 100%
Chic So P W 1st g 5s.
1921 J-J
Senes G.........................1901- F-A
96% Oct ’06
96
Dak So Gt So g 5s
1916 J -J
Senes H ........................1910 F A
94
98% Gov’ 0 i
Fav S Son assn g 6s
r.
1924 J -J
Senes 1..........................1911 F-A
92% .
97 Oct ’04
Hast S D Div 1at 7s
r.
1910 J -J
Series K ........................ 1913
95% Aus’Ot
1at 5s
1910 J-J
95% ..
95%101%
East Okla Div 1st g 4s.. 1928
I So D Exten 1st 7s........ 1908 J-J
Atl Knox & N
97 % Sale
97%
97% 37 97% 102%
LaCrosse So D 1st 5s___1919 J-J
Atlantic Coast 1st g 4S./M952 M-S
Mineral Point. D ivos
1910 J-J
Charles So Sav 1st g 7 s..1936 J - J 149% ..
G
So Minn Div 1st 6s........ 1910 J-J
Sav F < W 1st sold 6s..1934 A-O 128% ........ 132% J a n ’O
fe
!327 132%
8
112% Jan ’04
Ron th west Div 1st 6a
1909 J - j
1st gold 5s.................... 1934 A-O 112% ..
114% N ov’05
Wla S Mi bn Div g 5s
r.
1921 J - J
Ala Mid 1st gu gold 5s ..1928 M-N 110% ..
........ 99 % Mar’06
99% 99%
MR So No 1st M L 6 s ....1910 J-D
Bruns So W 1st gu g 4s ..1938 J-J
90%
90% 20 90
95%
1st consol 6s................ 1913 J-D
L & N coll g 4 s ............. ol952 M-K 89% 90
9 6 % ...... . 97% Aug5 _
06 _ 95% 99% Chic So Northw cons 7s___1915 Q-F
Sil Sp Oca So G- gu g 4s ..191b J-J
F-A
Atlantic So Danv See South Ry
Registered.......... 1886-1926 F-A
Austin So A W /SeeSou Pacific
1
v
J-J
93%
94%
B aited Ohio prior 1g 3 12S.1925 Q-J 94 Sale 95 J’ne’ 06 18 1)2% 97% General gold 3%s............1987 M-N
Registered
pl987 Q-F
93
95
Registered................/tl92o
Gold 4 s .........................../tl948 A-O 101 % Sale 101% 101% 69 100% 105%
Sinking fund 6 s... 1879-1929 A-O
101
101
1 99% 103%
Registered..........1879-1929 A-O
Registered................. /il94S Q-J ........
N 89 -h
89%
8 g% 2 89% 92
Sinking fund 5s 1879-1929 A-O
P Juh & M Div 1st g 3%sl92o M-I ’
94%
95
15 94 % 9958
Registered..........1879-1929 A-C
P L E & W Va Sys ref 431941 M-N 94% 95
91% Sale 90%
91% 42 89% 93
Debenture 5s.................. 1909 M-N
Southvv Div 1st g 3 %s...1925 J - J
M-N
89 Oct ’06
88
gy
R egistered................. /<-1925 O-J
88%
Monou Kiv 1st gu g 5s.. 1919 F-A 105 % ........ 108% J ’l y ’05
Debenture 5s................. 1921 A-O
100 A p r’05
Registered
1921 A-O
Cen Ohio R 1st c g4%S-.1930 M-S 100% ..
Sin kin «•fund deb 5s___ 1933 M-N
»
Pitts Clev So Toi 1st g 6s 1922 A O 112 ........ 119% Alar’04
Registered
1933 M-N
96 ___
93 OCt ’06
Pitts So West 1st g 4 s...1917 J - J
95 100
F-A
Bat Creek So S See Midi Cent
M- S
Beech Creek See N Y C So 11
Bellev So Car see IllinoisCeni
Ott C F So St Paul 1st 5s 1909 M-S
Winona & St Pet 2d 7s.. 1907 M-N
Bklyu So Montauk See Long I
Bruns So W est See Atl Coast L
Mil L S So West 1st g 6s 1921 iVl-N
Buttaio N Y So Erie See Erie
Ext So Imp s fund g 5s 1929 F-A
118% Nov’06
A a))%nd Div 1fit g 6s. .1925 M- S
116% 119%
Buffalo R So P gen g 5 s...1937 M-S 117% ..
Mich Div 1st g 6s........ 1924 J-J
L01%101%
All So West 1st g 4s gu.,1998 A-O 100%.._ . 101 % Aug’06
Convertible deb 5s___1907 F-A
Cl So Mali 1st gu g 5 s ___1943 J-J 113 ........ 103 A p r’97
124 A p r’ 06
incomes _______ _____1911 M-N
124 124
Rocli So Pitts 1st g 6 s... 1921 F-A *22 %
Consol 1st g 6s............ 1922 J-D l2a®8 - ----. 128% F eb ’06
127 128% Chic Rock Isl So Pac 6 s ... 1917 J-J
Registered__________ 1917 J-J
Buffalo So Southwest See Erie
95% JT y’06
General gold 4s..............1988 J-J
Bull So Susq 1st ref g 4s.<71951 J-J
95% 99%
Registered....................1988 J-J
Bur C K & X See C B I & P
Refunding sr 4 s ............. 1934 A-O
/ Canada South 1st 5s....... 190S J-J 101%?........ 101% 102% 22 10038 1Q3
4 103% 108%
Coll trust Senes F Ts . 1910 M-N
T
104% 104%
V-'2d 5 s ......................
1913
105% Jan ’06
J 4s...............................1912 M-N
R e g iste re d ^ ............... 1913 id- 8 ........ 105
105% 105%
M 4a
......................1915 M-N
Garb So Shawn See 1 1 Cent
1
N 4s
_____________ 1916 M-N
Carolina Cent See Seab Air L
Cartilage & Ad See N Y C So H
0 4s............................... 1917 M-N
p 4s
Ced K ia F « & N See BCR&iN
.................. 1918 M-N
94 ........ •95
95
Chic R LSo Pac RR 4 s ..2002 M-N
Cen Branch U P 1 stg 4 s ... 1948 J-D
95
1 90
Cen Branch Ry See Mo Pac
Registered
............ 2002 M N
Coli trust gold 5s........ 1913 M-S
Cent of Ga RR 1st g 5s..pl945 F-A 118 ........ 119 Mav’ O
O
119 121
ConsoL gold 5s................. 1945 M-N 111% Sale 111
111%
Bur Ced R So N o 1st 5s. 1906 J-D
8 109% 114%
Registered.......... ........ 194 M-N
113 A p r’06
LI 3 113
Cou 1st So col tr g 5s.. .1934# A-O
Registered............... 1934 A-O
1st pref income g 5s___pl945 Oct ........ 90
90 N ov’06
95
99
1
CRIF & N W 1st gu 5 s.1921 A-O
2d pref income g 5s___j»1945 Oct
74 Sale 75
75
M Sr. St L 1st gu g 7s.. 1927 rJ-D
72%
73
3d pref income g 5s___2*1945 Oct
91
. 72
40 72
Cliatt Div pur inon g 4s. 1951 J -D 90
Choc Gk So G gen g 5s _ol919 J-J
93 J ’ne 06
93
94%
Mac So Nor Div 1st g 5 s.1949 J-J 109% ........ 115% D e c’uj
Consul gold 6s.......... ..1952 M-N
Mid Ga Sb Atl Div 5s___1947 J-J 109 ........ 115 Nov’ 05
Keok So iW-s M 1st 5s___1923 A-O
Mobile Div 1st sr 5s.......104? J-J 109% ........ 115% Ang’05
Ohic ->t i. So N 0 See IR Cent
U S 2 h consol registered .d '■
930
U 3 2s consol coupon___dl93U
U S 3s registered............k 1918
U S 3s coupon................... fclUlt
U S 3s reg small Ponds.. k\ HI:
U S 3s cou small Ponds.. k l \)lb
U .3 4s registered............ J&1907
U S 4S cou pon................../tl907
U S 4s registered............... 1925
U S 4s coupon.....................1*325
U S P ?D O -n 10-30 yr 2s./cR'3!'
Philippine islands 4s.) 914-34
Pubw ks and imp re 4a 103
Pub wks and imp r e g ...1030
Q-J
O•
J
Q-I
Q-F
W*
*’
Q**7
Q- J
Q- •
>
U■F
Q-F
ON
. P
ni" q
V ■1
f\ f
i'
Price
BYidav
Nov 16
Week's
Range or
Last Sale.
Ask Low
104% ........
128% 12 8A
120% 127%
111 112
107 ........
100% ........
100% Sale
............ . ..
§
Range
Since
li
-4 v January 1
Li lyh No Low tixgn
J0S% Aui:’ U
5
128% 129%
126% 127
112% May’06
1 ......
;125%
6 ,125%
Ll2%
......
132
131%
313
102 Mar’06
100% 101
i 02
LX)
102%
102%
7 101% 106*4
102 Sale 103
1039
*.
105% ........ 105 Nov’O
105 110%
116% 1. 116 119%
1 .6 117 116
116 J ’ne’O
ti
L14 l4 116 %
105 s 20 1
105 % SaR 105
103 % )09 ~
104 May'06 . . .. ;104 105
104 ........ 112 F eb’0«. . . .. , L12 U '
102 lu3 % 102 % Nov’06 .... TOO J(.3%
95 Nov’06 .... 95
95
98
96%
104 % ........ 113*4 Feb ’05 .... . . . . . . . . . . . .
93 % ........ 99% F eb ’ O
G
1 ■v/% 99%
30 0
*
80%
1 78% 32%
79% 81
77%
73
191 76% 82
77% 78
80 i* Mav 05
10U%........ 101 i, Oct ’06 .... | 99% 102%
16 I 91
93% 94
93 ,
95*4
9 1 % ........ 90 Sep ’0
90
90
103% .sale 106 i, J03% 90: 101 106*4
“
1101 Jan ’05 ....
4
O
1 | 9i<% lu2%
100 100% JlO i. lOOs
102
10 102 i 07
101% ........ 102
................... 104 * M av’ oG
4
16 4 % 104%
100 J l y ’06 .... 1 98 100
103 103% 103
103% 32) I102V? 107
107% ........ lo7% N ov’06 — 107% 112*4
93 Kjgl 0)6
! 92
96%
103 % ........ 103% 103%
2 1102*4 104%
j [129 % 139
131% ........ 132 Oct ’ 06
117
5 1116% 120
116% . . . . . . 117
118% F eb ’ uG
118% 118%
i i i ........ 115 J’i y ’ 06 — 114% 118%
J
128
127% 131 128
2 128 137
1i 3 % 11 o 114% J'ne’ dt' ---- 1 113% Li 4%
105 % ___ 105 -v Sep 06
it05 % 1Os %
105% ........ 106 Oct ’ 06 - -- - .06 l ■8 %
:
105% i l l
107.%........ 108% Oct ’ 00
104 % Oct ’ 06
........ 108
|1U4% 104%
94
94% 94*4 X o v ’oo
91% 97
111 ........ 115% Oct ’ 06
113% ........ 112% Oct ’06
112 118*4
106% 107% 103 A p r’ 06 ...J 107% 108%
.
112 1 i 2 % 112*4 112 % G 111% 115
107% ........ 110 J’ne’ 06
(107 % 110 %
122% ........ 137 % J ’lv ’ 99
109% ........ 110 O c t ’ 06
110 113
102% ........ 106 Aug’ 04
. . . . . . . . . . . . 182% A p r’06 .... 182 O 182%
i
110% ........ 111 % May’ 06 .... 1114119%
103 . .... 106% A pr’ 05
106*4 108 105*4 Sep ’ 06
105 L»S%
105 % ........ i 04% May’06
104 % i *
‘6%
li.2 ........ 112 Oct' ’ O
r:
112 1 i 5 *
4
L T % ____ 106 Aug‘06 ---- j 106 108%
O
112% ........ 115 F eb’ 06
i 15 1*5
120% 122% 12 L N ov’ 06 _ 1 1194 L- i
_
101 *4........ 1U2% J ’ l y ’ Ob
I024 H'5%
9 9 % ... . 1U1 J T y ’06 ___ LOl ’ U)2
3 95 160%
1
95
97
96%
96%
96 N ov’ 06
96
.’6
111 O c t ’06 ___ 111 113
114% Feb M _ 1j 4 % 114 %
G _
........ 119
106% ........ 166% N ov’06
106*>4 1o9%
107 % J’ ne:G6
107 % 107%
iOl 104%
i b i % ........ L'Jl Nov’ 06
101 K 'l
j
.01 Sep ’ Ou
106 ........ 107% Nov ’00
105 % 112-*4
108% Jan U4
113% i 15 113% Oct ’ Ob
ill 3 117
117 F eb ’06
117 117
I b i % ........
102% ........ 105 * D e c’ 0 4
102% ........ 101*8 S ep ’06 ___ 101% 101 *e
100% ........ 101% iGl%
8 101% 102%
122 ........ 123 % Sep ’06 .... 122% 126%
116% ........ 116 % Oct ’ 06 . . .. 114% ItS
126% ........ 142% F e b ’02
127*4........ 128 % F eb ’06 . • . L2«% 128%
100% ___ 101 Oct ’06
101 lu l
98 ........ 109 Sep ’03
119 120 119 % Oct ’06 . ••• 117% 120%
117% ____ 117% J lv ’06
1L7 % 119 %
101% 102 101% Lu2 . 57 99 103*4.
101 ........ 10 J% Sep ’ 06
99 102
93
93 Sale 92%
30 92% 97
94 ........ 97 J’ lv ’04
92 ....... 92% N ov’06
92% 92%
$9% ..
96 Nov’ 05
3 8 % ........ 93 May’Oi
88 ........ 89% May’06
89% 89%
88 % ........ 90 Mav’04
77% Sale 76%
77% 237 75 4 81%
79 Dec ’05
92% Sale 90%
92*4 28 38% 93*4
102 % May’ 06
100*4 102%
i i o % ....... 116% N ov’06
116% 119*4
120% Mar’03
107 ........ 111 N ov’05
109
108*4........ 111
109
........ 107
109
May'06
Sep ’ 06
2 105
111
108
.... 1
106 %
111 ~
111%
i>U8Ci5IjLANEOIJS BOSbS—Continued on Next Page.
Street Railway
Brooklyn Rap Tr g 5s....... 1945
1st refund conv g 4s___ 2002
BkCity 1st con o s .1916.1941
Bk Q Co So S con gu g 5s. 1941
Bklyu Un El 1st g 4-5S.1950
Stamped guar 4-5s___ 1950
Kings Co EL 1st g 4s___ 1949
Stamped guar 4 s ......... 1949
Nassau Elec gu g 4 s ___ 1951
Conn R y& Llst<fc"ref g 4 % s ’ 51
Stamped guar 4%s .........1951
Den Con Tr Co 1st g 5 s ... 1933
Det United 1st con g 4 %s. 1932
Havana Elec consol g 5s. 1952
Inter-Met coll 4 %s............ 1956
Internat Trac coll tr 4s... 1949
Louis uy Co 1st con g 5 s.. 1930
Manila Elec 1st So coll 5s. 1953
A-O
J-J
J-J
M-N
F-A
F-A
F-A
F-A
J-J
J-J
J-J
A-O
J-J
F-A
A-O
J-J
J -J
M-S
* N o p ric e F r id a y ; la te s t p rice th is
........ 105
100*4 100*4
1
94% Sale
94
94% 50
........ 109
10$ O c t’ 06
100 Oct ’06
107 Sale 106 % 107 % 18
l i o F eb ’ 96
*87 ........ 91 Sep ’06
90*4 92
91 N ov’06
85% S6
86 N ov’ 06
*103% ........ 102% 103% 10
102% Sale 101% Oct ’ 06
95 J’ne’O
O
........ 93% 93*4 Oct '06
........ 90
92 Sep ’Ob
81% Side •81%
82
464
80 ........ 79% Sep ’ 06
109
........
98 4
98
w eek^aD ueJan
M a r ’ 98
May’ 06 ....
d Due Apr
100L109
92 100
105 107
100 104
105% 113*4
l l o 110
90
95
89
96*4
85
89%
102 103%
100% 102*4
93*4
92
80 %
79
98
96%
95%
90*4
84
100%
e D u e M ay
Street R a ilw a y
Met St Ry gen col tr g 5s.1997 F-A
Ref g 4s........................... 2002 A-O
Bway<fc 7tli A v Is tc g S s 1943 J-D
Coltfc 9th A v 1st gu g 5s. 1993 M-S
Lex A v So P F 1st gu g 5s 1993 M-S
Third A ve RR con gu 4s 2000 J-J
Third Ave Ry 1st g.5s..1937 J-J
Met W S El (Chic) 1st g 4s. 1938 F-A
MR El Ry So L 30-yr g 58.1926 F-A
Minn St- Ry 1st con g 5s.. 1919 J-J
N Orl Rv & Lt gen,4*28 ..1935 J-J
St Jos Ry L tH & P 1st g 5s lS7 M-N
st Paul City Cab con g 5s_T937 J-J
Underground c i Lon 5 s ..>1908 J-D
Union El (Cliic) 1st g 5s.. 1945 A-O
United RRs San F rs f 4 s .1927 A-O
United Rys St L 1st g 48.1934 J-J
W Chic St 40-vr con g 5s.1936 M-N
g D u e J ’ne
/iD u e J ’ly
/e D u e A u g
108% 108%
1 108 117
92
83
84% Nov’06
113
113
7 110 116%
113 119%
115 O c t’06
112 116%
113% Oct ’06
95%
90
90% 13 90
1J5% 119
115 % Nov’06
93% 93%
93% JT y’ 06
109 109
109 J ’ly ’06
107 % F eb ’06 ___k 107% 107%
90% 90 % S ep ’06 • • • • 89% 92*4
io i
103% N ov’06 • • • « 103*4 103*4
114 4 N ov’05
94% 95 % 94%
94 8
7 93% 98%
106% J ’ly ’05
82
90
25 71
83
83
1 85*4 88%
86%
80% Sale 86%
99 D e c’97
10S 108%
33% 84
112% 113%
113% L16
113
90 Sale
115%
91
92%
106%111
o D u e O ct
p Due N or
s O p tio n Sale
New York Bond Record—Continued— Page
Nov. 17 1906. J
B O M '. "
N. Y. STOCK EXCHANGE
W kkk Ending N ov 16
5-3
v» v
.
r*
/vice*
Weetc’ s
Range or
Last Sale
fiYidav
Nov 26
-A
Range
sinoe
N -C January 1
U>tu
A S Loin
K
High -Vo J > jHig/i
aw
Chic St L < Puts See t'enn O
6
t
132 13SL 133*8 Nov’06
131 136
Ohio St P M ife O cou 6 s ... 1930
92 4 ........ 93 D ec’Uo
Cons Os reduced to 3 K-s. 193*»
129*8........ 1333 Oct ’06
VS\\ 135 ^
4
Oil St P c Minn 1st g O 191b
fc
s
1*J8 ^
129s4 Mar’04
Nor Wisoonsin 1st 6»...103<
119^ 120 119^ Nov’ Y
119 *2 *24 Y
St P <6 S City 1st g 6 s... 191
*
lo l Mny’ l)
100*2 101
Chicago Ter Trans g 4 s... 194.
97 ........ 97 "
97*4 30 96 100*%
Coupon o i l ..............................
112 ........ 112 4 Oct *U
U
110 11-lY
Chic <r V est I i\ on g U Q19 N
\ V
«l
S
97 "3 Oct ’0i:
v 7t8 99
97 7e
Consol 50 year 4s........... 1952 J.
Chictfc w .men
Pore Main
Choc O A Cult see C R 1 Sc P
113 O c t’ 00
Cln H it D 2d golit 4 ^ s ...l9 3 "
104*2........ 107 Aug’ O
U
L07 112
Cm L ilb l 1st gu g 5 s... 1941
>
C Find iy Ft \V 1st i'll 4a.fir.*V
i*
_ 91
91 Mar’06 _
91
Cln i
\ 1st iru v 48.1955
V
C i St L A O see C C C 5c St l
Cln S < C See U U O St L
fc
Clear lieId Sc Mali See B R X 1
102*2........ 102S* 102®e 37 100*2 105**4
Clev Cm C R S: L gen l 4s 1995
:
L O*$........ 109 Oct ’00
O
100 100 l.j
Cairo Div Is: gold 4s— 1931
99 100
98 Auir’06
98 101Y
Gin W ifc M B it 1st g -18.1991
97 100 100 Oct '06 .... 9S *2 103
St L Div 1st coi tr g 4s.. 199*.
Registered....................191*1
9 l ........ 994] Feb’ 05
Snr A Col Div 1st g 4s..1940
98 Sep '06
......
96
98
W W Yai Div 1sts 4 s ... 1941
103 Y ........ 105 Jan *04
C 1 St L<fc C consol Us. .1921
99*2 103 H 100*8 Sep ’ 00
.
99°a 103*2
1st gold 4s.............
>Cl93i
99*2 .
l o l YLay’ 0i> .... 101 103
Registered..............£1936
1 U Y ........ 113*4 J’ ne’00 . . . . 112Y 115
Cm S tfe Cl con 1st g 5s. .192b
120*2........ 118*2 J’l y ’06 .... 118*2 122
C C C i b i consol7s........ 1914
Consol sink fund 7s___1914
U
134 135
loS^g........ 134 F eb ’O
General consol gold Us. 1934
Registered................. >934
........ io3
104 *2-Nov’01
Ind BL tfc W 1st pro: 4 s.1940
O lnd < \Y 1st pi 5 s...d 193b
fc
........ 97
97 * Oct ’06
4
9 6 4 101
Peo tfc Fast 1st con 4 s ...1910
73 Sale 72
73
26 69
80
Income 4s......................1990
112*2........ 112 Y Oct ’06
112*4 115*2
Cl Lor & Wh con 1st g 5s.1933
Clev Sc Marietta See Penn Hi:
Clev tfc Mahou Val g 6s...193b J-J 110 Y ........ 116*2 Jan ’07
Clev < Pitts bee Peon Co
te
75*o Sale
75
75 *4 3C 71
*
79Y
Col Midland 1st g 4s........ 1947 J-J
91
92
92
92*4
6 91
96*2
Colorado ifc Son 1st g 4 s .. . 1929 F-A
Colum Sc Greenv Sc*e So Ry
Col Sc Hock Veil See Hock Ya.
Col & Tol See Hock Yai
Coi Conn Sc Term See X Sc W
Conn < Pas Rivs 1st g 43.1943 A-0
fc
ak So G So
D alias ct tW acoSee C M <fe St 1
See M K Sc 1
. . . . . . 1047S A p r’06 .... 1047 107 7g
8
Del Lack & Western 7 s ... 190 ]
l i 8 * o ........ 1*20 N ov’06
M om s Sc Essex 1st 7s. ..1914
120 126*8
122 Y ........ 122 S e p ’06
121 127 “
1st consol guar 7s.......1915
127 J :ne’05
R egi st er ed................. 1915
1st ref gu g 3 *23.......... 20Ui
12334 126*o 121^ Sep '00
N Y Lack
W 1st Us...1921
12134 126*4
108*2 114 c
112 ........ 108*2 Aucr’O
G
Construction 5s.......... 1925
........ 102
102Y Aug’U .... 1102 102Y
G
Term Sc improve 4s___1923
Syr Bing Sc X Y 1st 7s.. 1906
102 Y Aug’06
101*2104*4
102 F eb ’03
Warren 1st ref gu g 3 *2S-*200U
125*2........ 133 E eb’O
C
133 133
Del Sc Hud 1st Pa Div 7s.1917
149 Aug’ 01
Registered.................... 1917
109 Salt 107a 109 177| 107 110*4
4
10-yr conv deb 4s.......... 1910
111 Salt 111
111
25 105 117
Alb Sc Sus conv 3 4 s .......194U
1317 ........ 142 *2 Mar’ 05
8
Rens Sc Saratoga Ist7s.l921
Del Riv RK Bridge See Pa RR
9SHj 99 C 98*2
99
9 9S*2 101*4
Denv & R Gr 1st con g 4 s.l9 3 b
104 ........ 106 Oct *06
106 108
Consol gold 4*23.............. 193U
106 V
?......... 106*2 106°8
3 105 109
Improvement gold 5s..H92b
96 Sale 96
96
Rio Gr West 1st g 4s___193“
5 94 *4 100
86 *4 8 / * 86 *2 Nov’ 06 .... 86*2 92
4
Mge and coi trust 4 s A .lt 4
91 ........ 97 J a n ’ 02
Utah Cent 1st gu g 4s al917
Rio Gr So gu See Rio Gr So
Des Moi Sc Ft D see .McfeStL
Des M Sc Minn See Ch Sc N \
\
110 S ep ’04
Des Moi Un Ry 1st g 5 s.*191'.
94*12 96^ 92 Oct ’ 06
DetSc Mack 1st lien g 4 s.1995
92
99*4
92
93
92 Oct ’ 06
Gobi 4s..............................1995
90
963
4
DeTroit Southern—
........ 86
86 Oct ’ 06
86
933
4
Ohio Sou Div 1st g 4 s...1941
109 ........ 100a 109’,,
i 1093 114Y
4
4
Dul Sc iron Range 1st 5 s..1937
112*2 F eb ’06
112 *2 112*2
Registered........................1937
____ _____
2d Us................................. 1916
Dul Short Line See N or Pac
4 111 113*2
Dul So Shore Sc Ati g 5 s..1937 J-J 112*4 Sale 112*4 112*4
TT'aet of A inn see b tP M & M
1
JC>aat Ten Ya Sc Ga See So Ry
5 114*211938
Elgin Jol Sc East 1st g o s .1941 A/l-N 114 E Sale 114*2 114*2
Elm Cort Sc X o See Leh Sc N Y
99*o........ 107*2 J'an’ 06
107*2 107*2
Ene 1st ext gold 4s............ 1947
L14 114*2
109*8........ 114Y F eb ’00
2d ext g ola os.................. 1919
105 * . . . . . . 108*2 Aug’ O
4
tj
3d ext gold 4 ^3............... 1923
107*4 109*4
4th ext gala 5s................. 192U
109*4....... 110*2 o c ^ ’oe
110*2 115*4
5th ext gold 4s................. 1928
100*4........ 103 F eb’05
4 1 127 134*2
1st consol gold 7s............ 192b
128*2........ 12 6*4 128y
........ 128*’* 133 F eb ’06 ____ 133 133
l6t consol g fund 7s.......1920
Erie 1st con g 4s prior.. 1996
160*4 90 99*4 102
100*4........ 100
Registered................... 1990
99*2 100*4
. . . . . . 99*2 99*2 Oct ’06
903 13 89*i 93*2
4
1st oonsol gen lien g 4 s.. 199U
. 90Y 90*4
90
91
Registered..............
1996
........ 90 ' 90 Oct ’ 06
98
Penn coll tr g 4s............ 1951
90*4
9i*2 13 90
90Y Salt
50-year conv 4s A ........ 1953
4
e
1U3 103*2 101*2 103*2 34 6 1003 109 7
127 ETov’05
120^
Bull X Y' Sc Erie 1st 7s.. 1910
Bud Sc S W gold Us........ 1908
10458 104Y
101*2........ 10458 F eb ’06
4
4
Clue Sc Ene ls* g o ld o s..l9 3 2
8 1163 1223
116^4........ 1163 117
4
Jed RR 1st gu g 5s___alOotjA
100 101*2
i 101*8 102 * 101 *2Kov’96
•
133*2 135*2
Long Dock consol g Us..l935!A
11*8 ........ 133 *2 Sep 06.
Coal Sc RR 1st cur gu 6s.1922
108*2....... 118 J ’ly ’04
109 7&109 7
e
u 6
Dock Sc Imp 1st cur Us..1913
107 *2........ L 9 7 Sep '06
121*2 Oct ’ 05
N Y Sc Green L gn g oa.1940
j 102 *2 -115 117*2
N Y Sus Sc W 1st ref 5s. 1937
4
| ........ 116y 1163 Oct ’ 06
i
2d gold 4*23................. 193?
1 100 102 100 Nov’ oU . . . - 100 103
General gold 5e........... 194u
..............
10-1*2 110
104*2 Oct ’06
il5*4 118
Terminal 1st gold 5s. ..1943
118 May’ 06
Regis $ 5,000 each...1943
Mid KRotN J lstgGa.1910
102 ........ 104 *8 Oct ’ 06 — 104Y110
Wllk Sc Ea 1st gu g 5s. 1942
109 113
109*2 L1U*2 110 O c t’ 06
Ev& lnd lstcon gu g6s..l926
115
...... 116 A p r’ 06 . . . . 110 118
** w
■
-0
vj «.
>*
8
JlO M lb
X. Y. STOCK EXCHAN GE
W kkk E kdixm N ov 16
1215
2
Inrice
fir w a v
uXov 16
1
Week's
Range or
Last sate
Range
since
Sp January 1
s
—
Rid
Low
High No 1,00 HifjlL
A sk 1
E ne iV Pitts see Penn Co
;
Evans Sc T H 1st cons 68.1921 J-J n o °* . . . . . . 11 s Sep ’00 .... 118 118
107 *j 109*2
1st general gold 5s........ 1942 A-0 105 107 l OS O c t’ 06
Alt Vernon 1st gold 6s.. 1923 A-0 108 . . . . . . 114 A p r’05 ....
i 06 * F eb’00
-i
lU6*i I00fl8
A O 101
L'argo cfc So See Ch M A; St P
I lint A Pore M See Poro Mar
r
Fla Ctfe Penm see Sea Air Line
98 . . . . . . 105 Mar’98
»••••• ••••««
Fort St U 1) Co 1st g 4 *23.1941 J-J
15 111 115
IU
Ft W tlb Den C 1st g 6s_ 1921 J-D 113 1 M 113
_
00
86 Oct ’06 .... 84
91
86
Ft W Sc Rio Gr 1st g 4 s ... 1928 J-J
1 ' al liar Sc s A See So 1’ac Co
99 100
98*2 10398 *2 Nov’06
1 *al H Sc H of 1882 1st 5 s .] 913 A-0
Georgia Sc Ala See Sea A Line
Ga Car A Nor See Sea A Line
Georgia Pacific See So Ry
Gila V G Sc Nor See So Pao Co
Gouv
Oswogat See N Y' Ceni
Grand Hap Sc lnd See Pena HR
Gray’ s Pt. Term See St L S \
V
99
997 230 93 Y 1011
g
8
99 7 Sale
8
J J
99
98
98 > 39 97 101*2
•
Registered, h ..................1921 Q-J
Greenbrier Rv See d ie s Sc O
103*1 104 Nov’O
L
J-J
101 *2 1053
«
i | :^n St Jo Sre 0 B S
r.
Lft ousatonio See N Y N H S H
r,
9 ! 04 >110
107
Hock Val 1st consol g 4*^3.1999 J - J 106*1? 107 l 07
105*2 J’ ly ’Of
Registered........... 7.........1999 J-J
98*1?
100 Aug’06
|ibu ioi*4
Col & 11 V 1st ext g 48.. 1948 A-O
101 A 101 *4 Oct ’Oi
,
100 101*4
Ool Sc Tol 1st ex 4 s .......1955 F-A
Houst E Sc W Tex See So Pat
Houst S Tex Gen See So PaC (• >
r.
<
G
] ilmois Central 1st g 4s.. 1951 J-J 109 . . . . . . 109 *2 Sep ’ O .... 109*2 109*2
104*4 Aug!u1 Registered
1951 J-J
104’,] 104*4
100 J’ne’06
997b 100 '
1st gold 3*<»8...............
1951 J-J 103
Registered
1951 J-J
95*2 J ’ly *o«
05 4 95 >
0
99
99 *2J’ne’ 0t
99*2 101*4
Extended 1st g 3 *os
1951 A-0
70 Oct ’04
1st gold :>s sterling
1951 M- S
2 101 107*4
4
Coll Trust gold 4 sl........ 1952 A-0 . . . . . . 1043 .103*4 101*4
102 Oct ’01
Registered
1952 A-0
103
103** lb 10 l 3 106*2
M-N 102
4
100 May’06
100 100
Registered....................1953 M-N
105 Aug’ 06 ___ 105 105
Cairo Bridge gold 4s___1950 J-D
91*12
92*4 Oct ’ 06 . . .. 91*2 943
Louisvpiv<&Term g3 *2S.1953 J-o
4
123 May’9!
^Middle D iv re g o s .
1921 F-A 104
_ 78*2 78*2
75
78*2 Apr ’06 _
8L
Omaha Div 1st g 3s.......1951 F-A
77
80 Oct ’ 06 •••• 80
81
82*2
St Louis Divt&term g*3s.!951 J-J
Registered
1951 J-J
93 *2 J’ne’06
G old3L s
1951 J-J
89 v8
93*2 93*2
101 *8 Oct ’99
Registered
1951 ,1 - J
89
100 Nov’00
Spring Div 1st g 3 *2-s 1951 J-J
102 Nov’ O
O
Western Lines 1st g 4 s ..1951 F-A 102
lb 2 1073
4
122 D e c:U
5
Bellev Sc Car 1st 6s
1923 J-D 117*4
Garb & Shaw 1st g 4.s 1932 •
j
VJ-S 95
90 Nov’9b
120 *2 Sep ’ if
Chic St L Sc N O < 5s 1951 J-D 121
*
■
120^123*2
1193 Mar’04
4
Registered..
1951 J-D
Gold 3*28.............
1951 J -D
9358 May’04
Registered
1951 J-D
101 * Aug’06
2
Memph Div 1st g 4 s ... 1951 J-D 101*12
101 *2 lUl *2
993
4
St L Soil 1st gn tr 4s
1931 AI-S
1U3 N ov’04
lnd B1 Sc West See C C C Sc St L
lnd Dec & W 1st g 5s.
1935 J-J 106*o 108 V 106-e Oct ’0»
16‘658 108 7
a
107 *7 Dec 02
1st guar gold 5s
1935 J-J
J-J
97*12 100
99 Oct ’U
C
lnd 111 Sc ia 1st g 4s........ 1950
98*4 100
Int Sc Great N or 1st g 6s.. 1919 M-N 114*4 115 116 Oct ’ Ob
116 120
99 F 99*2 Nov 06
99
2d gold 5s..........
1909 M-S
98 102*4
3d gold 4s.........................1921 M-S
78:ii 77 Nov’ C6
73
80
109 Aug’ 06
109 115
Iowa Central 1st gold 5 s ..1938 J-I) * 108
Gold 4s................
.1951 ltf-S
86
855 N ov’ 06
§
83 3 88
4
Jefferson RR See Erie
f / a l A c f e G K See L S < M S
fe
IV an c& Mich See Tol & OC
IC C Ft S Sc M See St L Sc S F
K C & M R & B See St L & S F
Kan C Sc Pacific See M K & T
71
Kan City Sou 1st gold 3s. .1950 a - o ! 70
70
70*2 13 70
75*4
63 Oct '00
Registered................
1950 A-0
Kentucky Cent See L Sc N
Keok So Des AIo See C R I&P
Knoxville So Ohio See So Ry
1 153g 20 114 119
( ake Erie Sc W is t g 5 s .. 1937 J-J 115 116 115
L 2d gold os..................... 1941 J-J 111
1103 J ’l y ’06
1
I l 0 3 113*2
i
117 J an ’ 06
North Ohio 1st gu g 5s 1945 A-O 108
117 117
L Sho Sc Mich S See N Y Cent
1 109 111*2
Leh Val N Y 1st gu g 4 *28.1940 J-J 109
.109*2 109 S
Registered....................... 1940 J-J
112*8 Nov’ 05
95 Oct ’06
Lehigh Val (Pa) cons g 4 s .2003
95
98*4
Leh V Ter Ry 1st gu g 5s. 1941 A-O 116
116 O c t ’ 06
116 1J2u *2
Registered....................... 1941 A-O
109 *2 Oct ’99
112^8 Apr'Ob
Leh V Coal Co Ist gu g os.1933 J-J
1 12 il5*2
i 95*8 96*4
95
Leli So N Y 1st guar g 4 s .. 1945 M-S
95*8 95*8
Registered... 7 .....7 .
1945 M-S
113 7 Jan '06
e
E1C Sc N 1st pf 6s ____ 1914 A-0 104
L13 7 113 70
e
105*4 Jan ’ Ot
Gold guar 5s___ 1914 A-0
105 *4 105 *4
Leh Sc Hud R See Gent of N J
T
Leh Sc Wilkesb See Cent of N J
Leroy Sc Caney Val See AIo P
Long Dock See Erie
115 J’ne’O
C
114*4 117
Long Isl’d—1st con g 5s. A-1931 Q-J 1133
4
101
1st consol gold 4s.7.
/tl931 (J- j
General gold 4s...............193b J-D
i
95*2 102*4
99cs 99 *4 Nov’U
102 Nov’ 05
Ferry gold 4*128...............1922 M-S
96
99*4 Oct ’ 06
Gold i s ............................. 1932 J-D
99*4 99*2
Unified gold 4s
1940 M-S
957 Oct \ 6
g
97
110 ~J’ ne’ 04
Debenture gold 5s.......... 1934 J -D 110
Guar ref gold 4s............. 1949 M-S
99 3 993
4
4
993i
5 99 102 *2
Bklyn Sc Mont 1st g 6s.. 191] M-S 103*2
101
1st 08...................7.. .1911 M-S
103o 103-a
8
i 03 °8 J'ly ’O
'
N Y B Sc AI B lstco n g5s 1935 A-O 109
112 ~ Mar’ Oi
N Y Sc R B 1st g 5s.......1927 M-S 108
111 J a n ’06
111 111
N orShB lstco n g g u o s o l9 3 ‘ Q-J 107*2
112*8J ’ ly 05
Louisiana & Arlc 1st g os. 1927 M-S
103*4 105 J’ ne’06
105 105
Louisv Sc Nashv gen g 6s. 1930 J-D 117
4 114*4 120*4
117*4 US
Gold os............................. 1937 M-N 11 6 *8
116 *s N ov’Ol
116*8 121 *2
Unified gold 4s...............1940 J-J 10138 1017t 101*2 102
39 98*4 104*4
Registered............
1940 J-J
101 *8 J’ly ’O
:
100 101*8
Coll trust gold os............1931 M-N
110»i? 111*4 J’ ne’Ot
111*4 115*2
5-20-yr col tr deed g 4 s.1923 A-0
O
97*2 15 95^ 1U *8
97 Sale 97
E H Sc Nash 1st g 6s___1919 J-D 111
114*4 J’ne’05
iULSCELLANEOUS BONOS—Continued on Next Pose.
Urn* and Electric Light
Atlanta G L Co 1st g o«...1947 J-D
Hklyiv U Gas 1st con g 5s. 1945 M-K
Buttalo Gas 1st g 5s..........194?'A-O
Consol Gas conv deb Us_ 1909i J - J
_
CoDHum Gas See P G So C Co i
Detroit City Gas g 5s........ 19231 J- J
Det Gas Co con 1st g 6a...1918 F-A
EdEilllBkn See K Co E L<fc P
EdEHl See NYG<&ELH<fcpj
Eq G L X Y 1st con g os.. 1932 M-S
Gae6c Elec Berg Co c g 5a. 1949! J-D
Gen Electnc deb g 3 H 1942 F A
as..
Gr Rap G L Co 1st g 08...1915, F-A
Hudson Co Gas 1st g 5 s.. 1949; M-N
Kan City <Mo) Gas 1st g 5s 1922 A-O
Klnvs Co El L Sc P g o s...i 937] a -O
Purchase money Us........ 1997 A-O
E m El II Bkn ls tc o n g 4 s 1939 J-J
N o o n c e F riday;
105*4 Sale 105
65 Sale 65
........ 139 i138
105*4 4 105
11 65
65
26 137
138
113*2
803
4
1683
4
101*2 102 * 101<*8
<
1 0 0 . 1y5 1101 *
2
10t3 26 100
4
1 JbO
101*2
104
101*2
........................... 112
Nov’05
.
.
61 *2 Oct ’01
86*4 90
86 * SS*2 87 *2 Oct ’06 —
4
107*4 D ec’06
G
1 0 3 . m. . 103*2 Nov’O
j 103*2 108*2
96
98 J’l y ’00 ; ; ; ; 95
........ 98
........ 117
........ 90
117 12*2
117
117
93*2 Mar’ 06 . . . x | 93*2 93*2
la te st bidand ask ed th is w eek,
d
D u e Jan
b Due F eb
Gn* and E lectric Light
Lac Gas L of St L 1st g5s.<?1919
Ret and ext 1st g 5s.......1934
Milwaukee Gas L 1st 4s.. 1927
N Y G E L H t f e P g 5 s... 1948
Purchase money g 4s. ..1949
Ed El III 1st conv g 5a..1910
1st consol gold 5s........1995
NYrfcQEl L<fcP lstcon g6«1930
N Y Sc Rich Gas 1st g 5s. 1921
Pat Sc Pas G Sc E con g. 5s. 1949
.
.
.
.
Peo Gas Sc C 1st con g Us. 1943
Refunding gold 5s......... 1917
Ch G-L Sc Cke 1st gu g 5s 1937
Con G Coot Ch 1st gu g 5 s.’36
Mu Fuel Gas 1st gu g 5s. 1947
•Syracuse Lighting 1st g 5s.’51
iTeiiUm G Sc El 1st g 5a.. 1949
Westchester Lieht’g g 6h.1950
cl Due A n r e l )u e M ay h D u e J ’]y
l
F 103 7 104 *2 1033 103 V 10; !x03 108*2
4
a
Q
A 0 101*2 105 101 Oct ’06 . . . . 101 104\
94 Oct ’ 06 .... U
3
94*2
M N ........ 9238
4
J D * 105 34 ........ 105 *2 Oct ’06 . . .. 105 1093
92
85
19 ! 84
F A ........ 85 3 85
4
M S 101 ........ 101*2 N o ’O .... 1.00 104*2
G
113*4 .I’ne'OC .... 113 *4 113
• J
J
98 Oct ’ 66 .... 98 104 *2
F A ........ 98
M N ........ 101
103 Nov’05 L...I . .«••• . . . . . .
_
MS .
1043 No. v’051_ . 1 . . . . . .. . . . . . .
.
. .»
A 0 113*8 120 120 J’ne’ 06 !... J 117 123
102 Oct ‘06 .... 101 *2 107 ra
Ms
J J .106 108 106 Oct ’081....] 104 107
_
J D 104 105 105 J’no'OGj_ ! L06 103
_
105 *2 Dec’0 5 _ 1
MN
J D 101 i ” ..
1 in \ nv’n
i
r.
106
_
J D 164 ____ 106*2 Apr’9o|_ |106 108^4
k Due A u g o D u o G ot q D u e D e c J O c tlo n S a l*
New York Bond Record—Continued— Page
1216
*c
BOND*
W k rk e n d in g N o v 1 6
L Gin 6c Lex crold 4 %8...
Hid
)
1
M-N
N O
M 1 s t g o ld 6 h___
< J -J
>
N O 6c M 2i! g o ld 6 a ____
11 j - j
P e n s a c o la D iv g o ld o s . . .
0 M-S
S t L D iv 1 s t sroLl 6 s ____
1 M- 8
2(1 g old 3 a .......................
0 M-S
A t i K n o x <c N o r 1s t srOf
K
« .1 D
1 M-S
7 J -J
5 M -S
L & N - s o u t h M jo in t 4f
2 J .J
N F la & S 1 s t g u g 6 s . . 1 93'7 F -A
P e n s 6c A l l 1 s t g u g 6s. 192. l F- A
(i p_A
) A -0
L & J ell Bdg© C o g u g 4 s . .
5 A/l- S
L N A 6b C li See C I <fc L
ft li alion C oal See L S & M S
l » i a n h a tta n L t v c o n s o l4 s . 1990 A - O
1 A -0
8 J -J
M c K ’ pl; 6c B V See N V C e n t
M e tro p o lita n El See M a n R y
J -J
1 J ’ ly
2d c o n s o l in c o m e g 3 s ..a l9 3 5 - J ’ ly
E q u ip
c o ll g o ld
* A -0
Col t r i' 4 % s 1 s t S e r ___ 1 9 0 ' 7 F-A
M e x I n t e r m it 1 s t c o n g 4 s . 197 7
M ex N o r th 1 s t g o ld 6s ___ 191 i Y -n
M id i C e n t See N l r C e n t
Mid ol N J See E r ie
M il L S <£ W See C lu e & N V
M il & N o r t h
C li M <fc S t ij
M in n & S t L 1 st g o ld 7 s . .1 9 2
J -D
I o w a E x 1 st g o ld 7 s ........ 190! j - D
A-O
i j .5
1 M-N
1 st con sol
4W S
J> J -J
M in n 6b S t L g u
5 J -J
> J -J
•M S S M & A 1 st g 4 in t g u :
M in n O n See S t P M &%l.
M o K an & T e x 1 s t g 4 s . . . '
) J -D
) F -A
M-N
M -S
G e n s X 4 % s .................
J -J
S t L D iv 1 st r e t g 4 s ..,
A -0
D a l & W a 1 st g u g 5 s .
) M-N
K an C
P a c 1 st g 4-s.
F -A
A -O
M-N
M -S
J -D
M -S
M-N
M-N
M-S
M-S
F -A
M -S
F -A
2 d e x te n d e d g o ld 5 s . . . 19;
S t L I r M & S g e n c o n g 5 s l9 <
G e n c o n s ta m p g t d g 5 s 191
U n ifie d 6b r e f g o ld 4 s . . 19!
R i v & G D i v 1 s t g 4 s . . 191
V e r d i V I <fc W 1 s t g 5 s . 19:
F -A
J -J
A -0
A -0
J -j
M-N
M- S
J -J
J -J
J -D
Q-J
G e n e r a l g o ld 4 s ..................193<c M-S
M o n t g o n i D i v 1 s t g 5 s . . 1941 F -A
S t L & C a iro c o il g 4 s . . e l 9 3 l Q -F
G u a r a n te e d g 4 s ............ 1931 J^-J
M & O c o ll 4s See S o u th e rn
M o h a w k 6b M a i S e e N Y C & H
M o n o n g a h e ia R iv See B & O
M o n t C e n t See S t P M & M
M o r g a n ’ s L a <fc T See S P C o
J -J
A -0
J .J
M c M M W & A i 1 s t 6 S ..1 9 1 7 J -J
T & P B r a n c h 1 s t 6 s . ...1 9 1 7 J - J
N a s h iflo r 6c S h e l See l i & N
'N a t o f 1 1e x p r io r lie n 4 % s. 192 J - J
V
1 s t c o n s o l 4 s ....................... 1951 A -O
•New H & D See N Y N H & H
N J J u n c E l i See N Y" C e n t
N e w 6c C in B d g o See P e n n (
N O & i N E p r io r li e n g 6 s p i 9!
A -0
.N Y B k ln & M a n B e ll See 1
N Y C e n t & H R i v g 3 % s .l9 9 7 J - J
J -J
D ehen
(Vj-N
F -A
F -A
F -A
F-A
“ v fc
-1
..................J
B e e ch C r E x t 1 st g 3 % s 51951
C a rt 6c A d 1 s t g u g* 4 s . . . ]
C le a r ! B i t C o a f l s t s f 4 s . ]
G ou vtfe O s w e l s t g u g 5 s J
M oll 6b M a i 1 s t g u g 4 s . . ]
N J J u n e R g u 1st 4 s ...]
P rice
J'rUUt'V
N ov US
J -J
J -J
A -0
J -D
J -J
J -D
M -S
F -A
A -O
Wee/c*8
Mange or
Last Sale
Ask L ow
H igh No Low
1 0 6 % ......... 109 M a r ’ 05
1.27 .......... 130 J ’ n e ’ oC
122
.......... 122% M a r ’ Oc
107% A u g ’ OC
X
1 1 6 % ......... 118 N o v ’ O
70
75
71 % S e p ’ Of
115
119
11.0 J ’ ly ’ -C
108% J a n ’ Ob
98% 103
99% O c t ’ 06
1 0 1 % ......... l<)8 J ’ ly ’ 06
.......... 96% 95 N ov ’ 06
* 113% 115
111 A u g ’ ob
1 10
.......... 1 i 2 % M a r ’06
' 113 % .......... 1 i 5 % M a r ’ 05
10 1 % ......... 107 D e c ’ 05
.......... 97 M a y ’ OG
95
100
Mange
Since
J a n u a ry 2
t* 0
O/
101
100
100
104 A p r ’ 05
103 > .......... L033
4
4 104
••••
128
130
. . . . 122% 122%
107% 107%
—
1 17% 1 2 0 %
. . . . 71% 71%
. . . 1.16 116
. . . . 108% 108%
98
101
108 1 1 0
95
98
- . . . 111 1 1 7 %
112 % 1 1 2 %
97
8
F -A
F -A
J -J
M-N
A -0
F-A
F -A
J -D
J -D
J -J
J -J
J -J
A -0
J -J
J -D
F -A
M-S
100 %
99% 103%
5 1 0 2 38 106
82
Sale
81
8 2 % 138 7 5 % 85
25 % S ale
24 %
2 5 % \l l~
j6 % 26 %
1 8 "s Sale
i7 %
18 % 5o 14
21
...... ................. < —
.
----- . . . . . . .
.......... ........
5 98 % 10 i
9 9 % 1 0 9 % LbV%
io o %
.......... 90
9 0 % J ’ ly ’ 01
105 M a y ’ OO
V
.
54 j
9 7 % 100
85
..........
98
9 7 % 1 05
102%
88
.......... 107 % O c t ’ 04
102% A p r ’ 06
102% 102%
96% 97%
10S% lt»9%
108% 109%
101
94
.........
97
83%
75
76% 251 73
107% D e c ’ 04
107 wM a y ’ 97
1 0 2 % O c t ’ 03
105 % O c t ’ 05
105 O c t ’ 00
97
973g 2.2 97
101%
106% 106%
i 106 1 1 0 %
108% 1 0 9 % 21 106% 111
102 D e c ’ 03
10334
100 A u g ’ 06
100
95
95
5 91% 9 8 %
’’'N o p rice F rid ay ; la te s t bid and asked. a D u e J a n
t> D u e F eb
H ee/ds
Mange or
Last Sale
K
Mange
fitnee
< § | J a n u a ry 1
11434
. . . . . . 124
100 1 0 1 %
F e b ’ 06
124
125
6 ! q q u 104 3.,
IL01 1 0 1 %
101
101
1 0 1 % J'n e'O i:
i 0 4 S ep *06
iO I 111
i.2 8 % 1 3 0
' 31 % J ’ ly ’ 06
jl 31 % 1 3 2 %
1 2 9 % ........ 130% F e b ’ 03 ___ 130% l 3 0%
1 2 7 % ......... 127% O c t ’ 00
ii 27 J 1 2 7 %
99 % 100
99
99 % 4‘ i 1 9* % 1-62%
100 F e b ’ 06
• /O
I
lo O
9 6 % 97
9 6 N o v ’ uO
96
99%
9 2 % Sale
92%
92%
13 ! 9 1
95%
.......... 1 0 9 % F e b ’ 05
lO o
97
.......... 9 8
lu
98
9 8 1U3
103% S ale
102
1 0 3 ’%
102
102
75
75 % 75
75 %
73
........
7 5 34 O c t ’ Oi;
* .......... 100
9 8 * J ’l y ’ 06
1 0 1 % ..........
1 2 2 % .......... 122%
132
.......... 113
iii
1 0 7 % ..
LU8
99
98%
9 0 % .......... 93
1 1 6 % .......... 116%
1
•
77 102 1 0 6 l.
J 102 10 6
541 75
78 %
7 4 34 76
98
101
S ep ’ 06 ___ J 1 2 2 %
J ’ l y ’ 99
M a r ’ 06
113
N o v ’ Oi
108
O c t :o6
98%
M a y ’ Oo
91
19 115
ll7
125
1 i3
n o
100
93
11 7
113% . . . .
116 M a y ’ OG
107 % 111 % L14 34 J a n ’ 06
116 11 6
11U % 114%
.......... 100
11 2
113
9S% 1 0 0 sa
110 1 1 4
97
112
1 0 0 % .......... 103
102
1 07
S ale 106%
105
88 % _____
90%
87 5g -------- 9 0
.......... 9 6
96%
89
87 3 .......... 9 0 %
4
120%
1 07
.......... 108%
106
..........
98%
96
.......... 9 6 %
94
98%
1 0 2 ..........
108%
110%
11 2
99
9 0 % .......... 9 0 %
O c t ’ 06
N o v ’ 06
J ’ l y ’ 06 . . . . 103 1063*
A p r ’ 02
1 07% 14 104% 1083*
J ’l y ’ 06
105 1 05
J ’n e ’ 06
90% 90%
O c t ’ l»6
90
923*
N o v ’ 06
96
98
O c t ’ 08
89
89
M a r ’ Oo
90% 90%
S ep ’ 06
1 1 7 % 122
A u g ’ 03
D e c ’ 05
J a n ’ 04
J a n ’ Ob
A p r ’ 04
90%
96%
O ct ’06
108%
S ep ’ Ob
109 %
J ’ n e ’ 05
J ’n e ’ Ob
99
90 % 25 8 9 %
112%
112%
1 2 7 % O c t ’ 02
119 ~ J ’ n e ’ Ob
117%
119 A p r ’ 04
i o 2 % i o 5 % 104% O ct ’ 06
104%
111% S ep ’ 04
106 Autr’ 03
96 % S ale
95%
96% 695 92%
100 % Sale
9S 34 100% 65 96
104% O ct ’ 05
110 J a n ’ 05
108
S e p ’ 06 —
105
99
94%
119
106%
101
10534
108%
B O N D S — C o n t in u e d o n N e x t P a g e
S 9% N o v ’ 0 6
8 8 J ’l y ’ 06
75% Sale
P rice
Prvdav
N ov .6
N Y C e n t <fe H R— { C on tin u ed ,
iB u i
A sk Low
l i iffh A 0 \\L
ovj High,
N o r 6c M o n t l s t g u g 58.191b A C ............... .....
105% 2 104
W e s t S h o r e 1 st 4 s g u ...2 3 0 1 J - J | 1 0 5 % Sale 105
109
104
......... 1104% 105
R e g is t e r e d ....................... 2361 J -J
7 103% 1 0 7 %
•J
I^ake S h o r e g o ld 3 % s ___ 1997 J-L I 9 5 % ......... j 0 6
O 95
96
101 %
R e g is te r e d
1997 J -I
I 9 : A n g <;f
1 96
9 9 S a le
16
D e b e n t u r e g 4 s ..............1928 M-S
98%
99
6 4 101%
K a A 6c G R 1 st g u c 5 s . 1 9 38 J - J 116
........
M a h o n C ’ l R R 1st 5 s . . 1934 J - J
125 % M ar'O o . . . . 14 22 ^ 1 2 5 %
P itt s M c.K 6c Y 1st g u 6 s . 1932 J -J
1 3 2 % .......... '1 3 9 J a n ’ 03
2d gu ar 6s
1934 j . j
M c K e e s < B V 1 s t g 6 s 1918 J - J ; 109 ..........
fc
M ic h C e n t 1 s t c o n s o f 6 s . l 9 0 9 'M -S 1 (»3 % .......... 1107% T n e ’ Of
107% 1 07%
6 8 ................
1931 < I- s ; 1 1 5 a4 ..
; J 18% J ’ ly ’06
V
j 18 ‘4 120
I
11 ) 9 1 t <t
11 19 " J ’ n e’ 06
4 8 ..
194( 1 j . j
103
10-4% M a r ’ utj
104% 104%
R e g is t e r e d
194( •J -J
106 % N o v ’ 00
J L & 6 1 s t g 3 % 8........ 1951 M -S
9 1 % .......... | 97 S ep ;U6
1 s t g 3 % e . . T . ..........
1952 M-N
96% 98%
B a t C & S t a r 1 s t g u g 3 s 1989 J -D
M-N
101% J ’l y ’ 06
1 0 1 % 101 %
R e g i s t e r e d ..
2 0 0 0 M-N
N Y & N o r t h 1 st g 5s
1 927 ! A -O 112 .......... ] 1 9 1> M a r’ Oo
<
.......... ! 112 % O ct <-6
R W & O co n 1 st e x t 5 e . h i 922 A - 0 ' 11 3
1 13% J a ;j 5
02
O s w e < c l i 2d g u g 5 s. ,<?1915 1F -A
S
______
R W 6c t) T it 1 st g u g 5 s . 19]
U tica 6c B lk R i v g u i :4 8 .1 9 2 2 J - J ! 100 % .......... ! 108 1 A u g ’ 06
103% 104
7 : ' -2 J 06
N Y C h ic 6c S t L 1 s t 4 s . 1937 A -O 102 % ......... 1102 % 1 0 1 %
R e g is te r e d
i 'j . T
! 10 1 % . . .
N Y L a c k & W See D L & W
Y Y L L 6c XV See E r ie
N Y & L o n g B r See C e n t o f X J
N e w Y o r k N e w H a v 6c H a r t—
’
134 % ..........
H o u s a t o n ic R c o n g 5 s . . 1937 \!_N
111 % O c t ’ 05
N H Sc D e r b y co n c.y 5 s 1 [) j s
115
.......... 118
J’ n e '0 6
V (' A- M
118 1 2 0 % N Y & N o r th Spp
113% M a r ’ 05
V . c;
T
110%
H O P 10 1 1 0 % 1 1 4 %
..........I l l
R e g is 8 5 ,0 0 0 o n ly
a 1992 M-S
.......... 9334 9 4 % O c t ’ 06 . . . .
9 0 % 97
N Y 6c P u t See N "Y (J & K
.......... 9 7 A p r ’ 06 —
95
97
9 7 % N Y 6c R B See L o n g Is la n d
X Y S 6c W See E r ie
101 O c t ’ 06
i o o 3 102 % X Y T e x 6c M See S o P a c Co
4
103 N o v ’ 01
N o r & S o u th 1 st Y
19 41
N o r t & W e s t g e n g 6 s ........ 1931 M-N
9 9 38 Sale
98%
99% i l l
98% 103
I m p r o v e m ’ t 6c e x t g 6 s . . 1934 F-A
86
Sale
86
86
4 c 84% 92%
N e w R iv e r 1 s t g 6 s .
1932 A -0
J 102 1 0 7 %
102
Sale 102
102
N 6c W R y 1 st c o n g 4 s . 1996 A -O
.......... 89
8 3 % O c t ’ 06
82% 91%
R e g is t e r e d .
1996 A -O
......... 87 % 8 6 %
87% 7 6 85
89%
D i v ’i 1 s t 1 & g e n g 4 s . . . 1 9 4 4 J - J
.......... 88
S e p ’ 06 . . . .
86
88
94
P o c a li C 6c C jo i n t -4 s .. 1941 J -D
101
108
10S F e b ’06 - - - - 107
108
C C & T 1 s t g u g 5 s ___ 1922 J -J
94
96
94
O c t ’ 06
94
96%
S c io V <fe N E 1 s t g u g 4 s 1 989 AI-IM
1 110 116
111
.......... 112
112
N o r t h I llin o is See C lii 6c N W
1 0 5 % S ale 105
1 0 5 % 12 104 1 0 9 % N o r t li O h io See L E r ie 6c W
105
105
105
1 0 9 % N o r P a c— P r io r lie n g 4 s . . 1997 Q J
106
_____ 108% A p r ’ 06
108% 108%
R e g is t e r e d
1 997 Q- J
10534 A p r ’ 06 . . . . IO 534 1 0 9 %
105
106
G e n e r a l lie n g o ld 3 s ___ a-2047 Q -F
103 O c t ’ 06
101
104
R e g is t e r e d
tf/2047 Q -F
5 1 1 8 % 125
1 1 9 % Sale 119
119%
S t P a u l-D u l D iv g 4 s ___ 1 9 9 6 J -D
1 0 4 % 19 103 1 0 7 %
104
104% 104%
D u l S h o r t L Lst g u 5s 191C M -S
_
1 0 7 % F e b ’ 06 5 _. 104 1 0 7 %
C E & Q c o il tr 4s"" See G t N o r
i0 4 % Sale 104
104% 11 102% 1 0 8 %
S t P & N P g e n g 6 s ___ 1923 F -A
8 9 % 9 1 % 91
O c t ’ 06
90% 94%
R e g is t e r e d c e r t ilie ’ s . 1923 Q -F
9 4 % 96
95 %
95 V
2 3 93
99
S t P a u l & D u l l s t 58___ 1931 F -A
101
.......... 110 M a r ’ 05
2 -d 5 s ..
1917 A -O
1 0 1 % .......... 1 0 1 % A u g ’ 06
101% 105
l s t c o n s o l g o ld 4 s . .
1 9 6 8 J -D
1 1 6 % 1 2 0 % L18 J ’ n e ’ 06
116 1 2 0 %
W a s h C e n t 1 st g 4 s . . ___ 1948 Q-M
8 1 1 1 % 1 1 ? % N o r P a c T e r C o l s t g 6 s . . 1933 J -J
1 1 3 % 1 1 3 % I I 334 114
116 N o v ’05
N o r R y C al See S o P a c
91% 19 8 9 % 9 4
.......... 9 1 % 9 0 %
N o r W is See C S t P M & O
9 2 38
92
923b 9 2 ag
1 9 1 % 96
N o r & M o n t See N Yr C e n t
100
.......... L07 % A p r ’ 06 . « •• 107 1 0 7 %
I n d & W See G C C & S t L
108
.......... 115:% A p r ’06
113 1 1 5 % v J u i o R i v e r R R l s t g 5 s 1936 J -D
9 6 O c t ’ 05
G e n e r a l g o ld 5 s
1937 A -0
9 8 O c t ’ 06
9 4 % 9b
O re 6c C a l See S o P a c C o
1 2 7 % ......... 127% N o v ’ 06 . . . . 12434 1 2 8 34 O re R R & N a v See U n P a c
122 D e c ’ 05
O re S h o r t L in e See U n P a c
9 3 O c t ’ 06
.......... 94
93
99
O s w e g o & R o m e See N Y C
1 1 4 % J ’l y ’06
1 1 3 -s 11434 O C F & S t P
See C & N W
92 % A u g ’ 06
07,’ r k O lier G 1 s t g u 5s e\l 913 A -O
9 2 % 98
9?34 .......... 101 N o v ’04
| 3ac C o a st C o l s t g 5 s . .7 .1 9 4 6 J -D
A a c o f M is s o u r i See M o P a c
P a n a m a 1 s t s fu n d g 4 % s . . l 9 1 7 A -O
S m k fu n d s u b s id y g 6 s . . 1 9 1 0 M-N
P e n n C o— G u a r 1 s t g~4% s. 1921 J - J
R e g is t e r e d ....................... 1921 J - J
G u a r 3 % s c o ll t r u s t r e g .1 9 3 7 M -S
0 113% 119%
117% 119
113% 113%
G u a r 3 % s coLL tr s e r B ... 1 9 4 1 F -A
O
113 O c t ’ 06
T r C o c e r t i f ’ s g u g 3 % s . l 9 i 6 M-N
112
115%
G u 3 % s t r c t f s C ............... 19-12 J -D
119% F e b ’ 06
119% 119%
G a 3 % s t r c t fs D ............... 1 9 4 4 J -D
1 1 3 % .......... 117% M a r ’ 05
C S t L * P l s t c o n g 5 e .l 9 3 2 A -O
.%
113 J ’l y ’ 04
C l & P g e n g u g 4 %s s e r A . ’ 42 J -J
103
Series^ B . 7 ........................ 1942 A -O
.......... L01% A u g ’ 06
101"% 105
S e r ie s C 3 % s ................... 1 948 M-N
8 4 S ale
83 %
84
21 8 2 % 8 7 %
S e n e s D 3 % s................... 1 950 F -A
E r ie & P it t s g a g 3 % s B .1 9 4 0 J -J
S e n e s C .............................1 940 J - J
N & C B d g e g e n g u g 4 % s 1 945 J - J
P C C & S t L g u 4 %s A . . . 1 9 4 0 A -O
S e r ie s B g u a r ................. 1942 A -0
95
S ale
94%
95
178 9 1 % 99%
S e r ie s C g u a r ................. 1942 M-N
95 % O c t ’ 06
92
98%
S e r ie s D 4 s g u a r ............ 1945 M-N
98
99
98%
99
34 9 8 % 1 0 2 %
S e n e s E 3% ~guar g ___ 1949 F -A
87
88
88
88 34 68 S 6 % 93
S e r ie s F 4 s g u a r ..........1 953 J -D
8 5 % 91 io
8 6 % O c t ’ 06
P it t s F t W «fe C l s t 7 s . . .1 9 1 2 J - J
.......... 87% 8 7 %
87%
8 87 % 92 %
2 d 7 s .................................... 1 9 1 2 J - J
85 % 87 % 8S % J ’ n e ’ 06
8 6 % 90 %
3 d 7 s ................................ AL912 A -0
101
.......... 1 0 2 % S ep ’ 06
102
105%
P e n n R R l s t r e a l e s t g 4 s . 1 923 M-N
102 ~ M a r ’ 04
C o n s o l g o ld 5 s ....................1919 M-S
IO 334..........
C o n s o l g o ld 4 s ................... 1 943 M-N
C o n v e r t ib le g 3 % s ............1 915 J -D
..........1 0 3 %
C o n v e r t ib le g 3 % s ........... 1912 M-N
85
........ . 95 A p r ’ 02
A lle g V a l g e n g u g 4 s . . . 1 942 M -S
C i <fcw a r l s t g u g 4 % s . .l 9 3 5 M-N
M
105 N o v ’ 05
D R R R & B g e l s t g u 4 s g . ’ 36 F -A
105
O c t ’ 02
G r R & I e x i s t g u g 4 % s !9 4 1 J -J
9 9 i b 3 |104% F e b ’ 06 . . . . 1 0 4 % i 0 4 %
M IS C E L L A N E O U S
C o a l an d ir o n
C ol F & I C o g e n s f g 5 s . .1 9 4 3
C o n v e r t ib le d e b g 5 s ___ 1911
O o l C & I D e v g u 5s g ._ 1 9 0 9
C o l F u e l C o g e n g o ld 6 s . 1919
G r R iv C oa l & C 1 s t g 6 s l9 1 9
C o lo r a d o I n d u s t r ia l
1st m g e 6c c o il 5 s g u ___ 1934
C o n t in ’ t a lC l s t s t g u 5 s g .1 9 5 2
• e tl & C le a r C < 1 1 s t g 5 s . 1926
J
fe
! 2 d g o ld 5 s ..............................1 9 2 6
i K a n & IP C
C i s t s l g 5S.1951
IP lea s V a l C oa l 1 s t g s r 5 s . 1928
'T e n n C oa l g e n 5 s ................ 1951
P e n n D iv 1 s t g 6 s ........ a.1917
B ir in D iv 1 s t c o n s o l 6 s . . 1917
C ali C M C o 1 s t g u g 6 s. 1922
D e B ar C & I Co g u g 6 s .1910
V I r o n C oal & C o 1 s t g 5 s . 1949
High.
B O .N D *
N. Y. STOCK E X C H A N G E
W e k k K x d i . g N o v 16
v
[Von. Lxxnn
3
T e le g r a p h a n d T e le p h o n e
A m T e le p & T e l c o ll t r 4 s 1929
C om m C a b le C o 1 st g 4 s . . 2397
M e t T & T l s t s f g o s ___ .1 9 1 8
N Y & N J T e l g e n g 5 s . . 1920
W e s t U n io n c o l tr c u r 5S .1 9 3 S
F d an d rea l est g 4 % s ...l9 5 0
M u t U n T e l s fu n d 6 s . . .1 9 1 1
N orth w T e l g u f 4% s g ..l9 3 4
J -J
Q-J
M-N
M-N
J -J
M-N
M-N
J -J
O c t ’ 06
9 6 % J ’ n e ’ 06
1 0 9 % M a y ’ 05
105% J ’l y ’ 03
1 0 4 % 1 0 5 % 105 % N o v ’ 06
101
101
101
106% M a r ’ 06
103 J ’l y ’ 04
Q -F
M-S
A -0
M-S
J -J
A -O
F -A
9 4 % 95
89 ~
*90
101
91
1 1 0 % Sale
78
Sale
92
91
9 0 % 9 5 i*
96 hi 9 8
92
103
109%
10u34 106
L06%107
fla n o fa c tu r in g & In d u stria l
A m C o t O il e x t 4 % s ............1915
A m H id e 6b L l s t s f g 6 s . . 1919
A m e r I c e S e c u r d e b g 6 s .. 1925
A m S p ir its M f g l s t g 6 s . . 1915
A m T h r e a d l s t c o l tr 4 s . . . 1919
A m T o b a c c o 4 0 -y r g 6 s ----- 1944
4 s ..............................................1951
c D u e M ar d D u e A p r
h D u e J ’ly \c D u e A u g
95 %
95 %
89
90
S9
89
101 N o v ’ 06
9 L O c t ’ 06
10934
7734
110%
78%
3
17
10
94
89
98
100%
36% 94
98
104
8 8 % 91 %
109% 1 1 7 %
Sc 7 6 % 84
66
0 D u e G ot p D u e N o v q D u e D e « 8 O p tio n Sale
New York Bond Record—Concluded— Page
Uov. 17 1906.
Ur*
tee
/V ftth
2\ov 16
N . V. b P O C K E X C H A N G E
W e e k e n d i n g N o v 16
F e u u tti >— Lonltnueaj
i
PunaisaLfe W 1st g 4 s ..1943
bill: Aj Lewis 1st g 4 s ... 1936
\ is J KR «fc Gan gen 43.1044
j
Pensacola <6 Ail see Let Nasi:
Peo < Last see C C O tfc St L
fc
Pec » - Pek Un 1st g 6s---- 1021
<
‘Jtl a:Old -i "jS................... 0 19 21
Pere Mnrq—Cli<fc W M 6s 19-1
lin n k l* M g 6s............. 1920
1st consol aoldos........ 19*39
Pi tL:ron Liv 1st g 5s.1939
Sau Fusco a 1st gu g 4 s .1931
Phil B «fc W .vw Penn HR
Plain A Goading cons 7 s .1911
Piue Crock res liuar 6 s...1932
Pitts fir. k bt L See Penn Co
Pit ts Clevo ct Pol See B < O
fc
Pitts K \ v. Ch See Penn Co
v V
P ills J tine 1st gold 6s.......1922
P ills vv L line 26 g 6s . ..a 192b
Puts McKees k V S ee N Y Cen
Pitts Sh to L r- 1st g 6 s... 1941*
1st consol -old 6s............ 1943
Pitts to West See B cfe O
Pitts Y k Ash 1st coil 6s.1927
SJ eadi: a Co gen g Is.......1997
IV Registered.................... 1997
Jersey Cent coll g 4 s ... 1951
Rensselaer A bar See U k li
Rich k Ban See South Ky
Rich A- .Meek See Southern
Rio Gr \ est See Lon < Rio G r
\
fe
Rio Gr J nnc 1st gu g 5 s...1939
Rio er So 1st gold 4s........ 1940
Guaranteed................. ...1940
Roc-l cO PittS SCC B B k P
Rome Wat A- Og See N Y Cent
*
Rntian . 1 st con - 4 Vs— 1941
Og&L chain 1st gu 4s g.1943
K u t-Canad 1 st gu g 4 s... 1949
l See P
S a u Xus kr iIsi 1st g e re M arq
tJoR sG
4 s...1947
St Law k Adiron 1st g os. 1996
2d gold 6s......................... 1996
St L it Cairo See Mob < Ohio
fe
St L tfc Iron Mount see 51 P
St L Y C it 5 See Wabash
St L M Br See T UR A of St L
St Louis k San Francisco—
General gold 6s............... 1931
General gold 5s............... 1931
St L < S F ltR cons g 4 s ..’ 96
fc
Southw I>iv 1st g 5 s..1947
Refunding g 4 s............ 1951
5-ycar gold notes 4V--190o
K C Ft S k 5i con g 6s.. 192b
K C F t S & M Ry ret g4 s 1936
14 C k M R k B 1st gu 58.1929
St L 51 & So East gu 4 c gl909
St Lotus bo See llunois cent
St L S \V 1st g 4s bd ctfs.1989
2d g 4s me bond ctfs...p l9 8 9
Consol gold 4s................. 1932
Gray’ s Pt Ter 1st g u g 5s 1947
St Paul k Dui See Nor Pacilic
A-O
6t Paul 51 & 5Ian 2d 6 s...l9 0 9 <
1st consol gold 6s............ 1933 J-J
Registered.................... 1933
Reduced to gold 4 V s.. 1933 J-J
R egistered................. 1933 J-J
Dakota ext gold 6s......... 1910 M-N
Mont ext 1st gold 4s___ 1937 J-D
Registered.................... 1937 J-D
E Minn 1st div 1st g 5S..190S A-O
Nor Div 1st gold 4s___ 1948 A-O
Minn Union 1st g 6s___ 1922 J-J
Mont C 1st gu g 6s.........1937 J-J
Registered....................1937 J-J
1st guar gold 5s.......... 1937 J-J
Will k b F 1st gold 5s.. 1938 J-D
St P k Nor Pac See N or Pac
St P k fo’ x City See O St P 51 cfeO
S ir e Prea k Ph 1st g 5 s ... 1942 M-S
S A k A P See So Pac Co
S X k N P 1st sink t g 5 s.1919 J-J
Sav F k West See At 1 Coast L,
Scioto Val k N E See Nor k \
Y
Seaboard Air Line g 4s ...1950 A-O
Coll tr refund g 5 s ........ 1911 M-N
All-Binn 30-yrist g 4s.el933 M-S
Car Cent 1st con g 4 s ... 1949 J-J
Fla Cen k Pen 1st g 5 s.1918 J-J
1st land gT ext g 5s ...1930 J-J
Consol gold 5s.............. 1943 J-J
Ga k Aia Ry 1st con 5s ol945 J-J
Ga Car d; No 1st gu g 6s 1929 J-J
Seab k Roa 1st 5s.......'___ 1926 J-J
Slier Shr k bo See 51 K & T
Sii bp Oca k G See Atl Coast L
Sod Bay k So 1st g 5s.......1924 J-J
So Car k Ga see Southern
So Pac Co—RR 1st ret 4s. 1955 J-J
Gold 4s (Cent Pac coll).£1949 J-D
Registered.................A:1949 J-D
A k N W 1st gu g 5s___1941 J-J
Cent Pac 1st ref gu g 4s 1949 F-A
Registered.................... 1949 F-A
Mort guar gold 3 Vs. kl929 J-D
Through St L 1st gu 4s ’ 54 A-O
Gal Har < S A 1st g 6s.. 1910 F-A
fe
5Iex k Pac 1st g 5s___1931 M-N
Gila V G < N 1st gu g5s. 1924 M-N
fc
Hous E k W T 1st g 5s. 1933 M-N
1st guar 58 red..........1933 M-N
H & T C 1st g 5s int gu ..l93 7 J-J
Consol g 6s int gu a r...1912 A-O
Gen gold 4s int guar..1921 A-O
W aco k N W div 1st g 6s *30 M-N
S ia
Hange or
Last sa U
asa
........112
113
___
113 ........
........ 109*8
103*8........
107 V ........
115
........
108V ......
. 99 V Sale
...... ......
........ 97
70
........
........
95
........ 92
........ 124
1 2 6 V 123
112
.......
84
Sale
........ • 93
118 .......
81V Sale
96
95V
85
81V
101
Sale
87
Sale
.......
105
V
133 V — ,
110
........
i b o v ........
101 102
100*4........
i ‘20
133
........
134V
i ’15 ........
1 1 7 V ........
106 V 108
10£
........
82 Sale
100 v ......
94 V 100
106 ........
105
106 V ........
109 V ........
107*4........
96 V Sale
915e Sale
........ 91
1 0 4 V ........
99 V Sale
86V 87
105 107
luS V ........
102 102 V
11 1*8........
110 112
93V 95
ff -a
Se
0
t>aiisjr
s»ns*
Ja n u a ry
>i
5
v
.
l^rxce.
cYiday
v op
Y
16
WeefPM
Kanqe or
Last sale
-i
Hangs
Ls
bO
Smce
< January 1
Hid
As Low
High A’0 Low High,
L 010
H u jt 1 A*0 JsOic Hum 'toutnern l*ac c o —r( ontinueuj
127 S e p ’ 06 ... .27 127
L07 V Oct ’0b . . .. 107 V 110 V
Morgan s Ui k T 1st 7s. 1918 A-O 123
«
118 F eb ’dt) . . .. J 18 118
1st gold 6s................. 1920 J-J 113 7
101 V Nov’06 .. . 101V 101V
110V Sep ’04 . .. .................
No ot Cal 1st gu g 6s_ 1907 J J
_
113 Jan ’01
Guaranteed gold 5s_ 1938 A-O
_
99 J02 V
09 Aug’ 06
Ore k Cal 1st guar g 5s. 1927 J J 101 v ..
123 V Jan ’05
S A k A Pass 1st gu g 4s. 1943 J J
86 V 20 S5V 90
86 V 8'''*V
100*4 Deo’O
.
So P ot Ar gu 1st g 6 s ...c l 909 .J - J 105 106 V 105 O c t ’06 .... 10 1*4 1U5V
109 Apr’02
1st guar g 6s.............cl910 J - J 106 V ........ 106VOct ’uG .... 106 V 107
i 11 2 V 1 18
So Pacific of Cal—
113V 113V
. . . . 105 110V
1< 5 Nov’06
>
111 113V
111 Aug’ 06
1st g 6s series E < F . .. 1912 A-O 108
fc
106 V Sep ’06
114 V Dec ’04
1st gold 6s.................... 1912 A-O
L 6 V 111 V
_
119 " J a n ’06 _ 119 119
1st con guar g 5s........ 1937 M-N 118 V
. . .. . . . . . .
108-V J ’ ly ’05 . . ..
Stamped..........1905-1987 M-N
115 V Mar’06
104 V Sep'u6 ■ -• 104 V i 05*4
S Pac of N Mex 1st g 6s.. 1911 J - J io o
115 V115V
137 JSov’97 .... ...................
So Pac Coast 1st gu 4s g. 1937 J - J
i l l V J a n ’ 06 ___ 111V i u V
Tex& NOSabDivlst g6s.l912 M-S
i>
194 110
Con gold 5s..'............... 1943 J - J 103 ___ 101 Sep *u
Southern—1st con g 5s
1994 J - J 116 V 117 116 V 1161, 00 115 119 V
120 Oct ’01
116 J’ lyVf. ... 1)6 U 7 V
Registered.................... 1994 J - J
94 N ov’no
93
9b V
M o b * Ohio coll tr g 4 s .. 1938 M-S
107 V 107 V i 107 V 107 V
Mexn Div 1st g 4 V-5s_..199G J- J 11 7 V ____ 116V 117 v 15 'Ll 5 119 V
97 ___
j 94 V 903*
97 Oct '06
120 Mar’06 . . .. US 120
St Louis div 1st g 4s___1951 J - J
113 Jan ’06 . . .. 113 113
98 J’ly ’97 —
Ala Cen R 1st g 6s........ 1918 J - J 1 1 4 V ---96
9G
3&
91 ___
96 J’ U G
C’O
Atl & Danv 1st g 4s.......1948 J - J
92 J’ lie’O - -- 92
i92
91 ___
116 Mr.v’05
2d 4 s ..............................1948 J-J
99 V
9TV 127 i 97 V 102V.
Atl k Yad 1st g guar 4s. 1949 A-O
100 V J’ne’06
| 99V100C
Col k Greenv 1st 6s.......1916 J- J 112 ___ 116 V May’ 05
5 ! 9 5°s 101V
95*8
96
l
E T Ya k Ga Div g 5 s.. 1930 J - J 115 ___ 115 V Oct ’06 .... " 14 v 116
Con 1st gold 5s............ 1956 M-N 116V 117 l 18-b Oct 0. . . . 1.16 119*4
1
iL
12 O c t ’05 .... 112 116 V
E Ton reor lien g 5s.......1938 .v s
........ 7li V Aug’O .... 72 V 72 V
68
Ga Midland 1st 3s..........194G A O
x
G
Ga Pac Ry 1st g 6s........ 1922 J - J 120 V ........ 120 Oct ’ U — 119 V 123
109 Mar’05
122 V 122 V
Knox k Ohio 1st g 6 s... 1925 J J 120V 121V 122:V A pr’ o
i 12 V 116
76 Dec *05
Rich k Dan con g 6s___1915 J- J 114% ........ 114 v N ov’ 06
89 Jan ’05
Deb 5s stamped............ 1927 A-O 109*8........ 112*4 Jan ’ 0 .... 112*4 U2*4
I..................
87 ........ 98 F eb ’ 05
Rich k Meek 1st g 4 s ...1948 M-N
lo 8 3e Get ’ 06 ___ 105 108 V
bo Car k Ga 1st g 5s___1919 M-N 106
i112 Oct :06 ...;l Ll2 112
106 V Oct ’05
Virginia Mid ser C 6 s ...1916 .V 8 111
2 107 107
107
10/
98 V J’ne’O
G
Series D 4-5s............... 1921 M-S 10678
’98 V i ’O V
O
113 D e c ’07
101V Nov’01
Series K 6s.................... 1926 .VI-S 109 V
I-N UOV 113 I l l V Sep *06
L11V 114 V
General 5s.................... 1936 W
90 V Sep’06
Guar stamped..........1936 M-N 107 V ........ 109 V May’ 06 .... 109 V i 14 V
90
94 V
122 Jan’06
94 V 94 V
W O k \Y 1st cy gu 4s.. 1924 F-A
122 122
94*4........ 94V O ct ’ 06
West N C 1st con g 6s.. 1914 J - J 112 V ........ 111*4 Oct ’ 06 ... i l l V U 4 V
S & N Ala See L & N
117 J ’ ly ’ 00 .... ...................
Spok Fails k Nor 1st g 6 s.1939 J - J
100 N ov’04
Stat 1st Ry 1st gu g 4 V s.-1943 J - D
Syr a Bxug k N Y See D L & W
109 112
' jper A of St L 1st g 4 V s.. 1939 A-O 107 ........ 109 May’ 06
6
1 1st con gold 5s___1894-1944 F- A 1 1 6 V ,___ 117 O c t ’ U ..... J19 120 V
1*27 N ov’06
125 127
112V 112V
Gen refund s I g 4ts........ 1953 J - J ------- 96V 95V N ov’06 .... 94 7h100 V
109 V 114
St L M Bge Ter gu g 5s. 1930 A - O 110 V ....... 111 J’ne’O — 111 1 L1
93 Nov’ 06
G
92
95 V
102 V Aug’05
Tex & N O See So Pac Co
117 81V 88
9 116 124
Tex k Pac 1st gold 5s.......2000 J - D 119 V ....... 119 V 12 J
S3 V
84
•
92 N ov’ 06 . • • 85 102
2d gold inc 5s................. ^2000 Ma r
97 51ay’ 06
100
95 V 97
110 Mar’ 06 — 108 J HO
La Div -B L 1st g 5s____4931 J - J 103
120 V J’l y ’ 06
4
120 V 121
28 81 87 V
W Min W k N W lst^ u 5s ’30 F - A
81V
82
106 V Nov’ 04
Tol k O O 1st g 5 s ............. 1935 J - J
113 V Oct Mb .... U l V 115 V
111 May’ 04
Western Div 1st g 5 s ...1935 A - O
106 109
G eneral gold. 5s............... 1935 J - D 106
106 Aug’ Ob
5 95 V 99 V
97
97
Kan k U 1st gu g 4s___1990 A-O
94
97
95 V 10 94
99V
90
86 Oct ’ 06
Tol P & W 1st gold 4 s .... 1917 J - J
89 V 93V
82 V 89
91V 89 V Sep ’06
89
88 V 90
Tel St L<fe W prlien g 3 Vs. 1925 J-J
81
82
90V 90 Oct ’ 06
81V 16 76
51 79*4. 84 V
50-year gold 4s............... 1950 A-O
81
80 V 80
**94"
Tor Ham & Bull 1st g 4s.Zi.1946 J - D
99 V Nov’ 05
110 113 V
fe
O
105V 105V
105 V 109 V U lster < Del 1st con g 5s 1928 J-D 112 112 V 112 N ov’ O
93
1st refund g 4s..........1952 A-O
93 S ep ’ 06 - •- - 93
94V
1337g N ov’06
133 137V
Un Pac RR < i gr g 4s ...1947 J - J 103 V Sale 103V 104 195 102 V 106*4
fe
140 May’ 02
Registered.................... 1947 J-J
L09V Oct *36
102 N ov’ 06 ••. • 101V 106 V
107 V 112 V
Ore Ry < Nav con g 4s. 1946 J - D 101*8........ 101*8 Nov’ 06 - - •• 99 V 102
fe
116 V A p r’01
Ore Short Line 1stg 6 s .. 1922 F- A 124 124V 123*4 Nov’06 . .. 120 126
10G V N ov’06
106V 111
1st consol g 5s..............1946 J - J ........ 117 V 116V 116 V 5 116 119
101 N ov’ 06
100 104V
Guar relund 4 s........... 1929 J - D
97*4 89 94 V 97 V
9 6 Sale 95*4
100 V Oct ’ 06
100 V 100
Registered................ 1929 J - D
94 V Oct ’ 06
94V 94V
101V Aug’ 06
1101V 101G8
Utah < Nor 1st 7s........ 1908 J-J 103 V
fe
105 Aug’ 06 ___ 105 105V
Gold 5s...........................1926 J - J 108V
124 51ay’ 05
110 J’ne’ O — 110 110
G
Urn N J RR < C Co See Pa RR
fe
133 Oct ’ 06
133 136
136 V 51ay’ 06
1186V 136 V Utah Central See Rio Gr Wes
116 Aug’ 06
116 119V Utah tfe North See Un Pacific
Utica cfe Black R See N Y Cent
121V Oct ’ 05
J andalia consol g 4 s ___1955 F-A 100 ___ 1027 Feh’ 06
1027 105
q
8
98 Sep ’ 06 —
98
98
era Cruz tfePlst gu4 Vsl934 J-J
98*8 103
fc
112 V J-an’06
112V 112V Yer Val Jnd < W See Mo P
Virginia Mid See South Ry
Va cfe Southw’t 1st gu 5s.2003 J-J 114 ........ 114 V N ov’ 06
110 Oct ’05
108 U 4 V
\\/ abash 1st gold 5s.......1939 A/I-N 112V 113 112 V 113
9 112V 119
9 104 109
t V 2d gold 5s................. 1939 F- A 105 Sale 104 V 105
95
Debenture series A .......1939 J-J
95 Nov'06
87 V 98
82
92
82
82 V
Series B ......................... 1939 J-J
80 V 283 72 V 8SV
79*4 Sale 79
100 N ov’06
100 104 V
1st lien equip s fd g 5s.. 1921 M-S
100 Sep ’06 ___ 100 100
92 Oct OS
88
97
1st lien 50 yr g term 4 s .1954 J-J
93
92
93 Mar’06 ... 93
96V 97
96 V Mar’06
Det k Oil Ext 1st g 5s. .1941 J - J 111 112 U l V 111V 16 108 110
107 V Aug’ 06
107 V 109 V
Des Moin Div 1st g 4s.. 1939 J-J
97 Nov’Oi
Om Div 1st g 3 Vs.......... 1941 A - O
85 V May’06
84
85 V
83
109 V Mar*05
V
Tol k Ch Div 1st g 4 s ... 1941 • I- s
92
95 V
110 V May’06
110 V H I V
97V 94 V Aug’06 —
St Chas Bridge 1st g 6s. 1908 A - O
109 V Mar’03
110 J a n ’ 05
Wab Pitts Term 1st g 4s. 1954 J - D
82
108 Aug’ 06
103 110
81*4
81V 26 81*4 90 V
2d gold 4 s......................... 1954 J-D
50 34
35
41V
34 V 34 V
Warren See Dei Lac < West
fe
Wash Cent b'e^NorPac
102 Jan ’ 03
Wash O < W See Southern
fe
96
84 V 84 V
84 V 11 82V 8SV
96V 45 94 V 97V West Maryland 1st g 4 s ...1952 A-O
Gen k conv g 4 s ............ 1952 A-O
96 V
91V
70 V 72 V 72 Nov’06
69
76V
91V 26 91
West N Y < Pa 1st g 5 s..1937 J-J 115*4 117 7 115*4 115 V
fe
2 114 118
91V 92
8
91V May’06
Gen gold 3-4s...................1943 A-O
92 V bale
92 7
8
93
109 V I 10
6 92 V 97V
109 V F eb ’06
Income pa......................dl943 Nov
33
31
30 May’06 .... 30
99V
99 V 14 98 V 102 V
98 V 98 V West N o Car See Sou t:li Ry
98 V .May’ 06
W Va Cent & P 1st g 6 s..1911 J-J 106 V
106 V Aug’ 06
S6
89
106V 109
86 V Oct ’ 061
&
112 114
L12*4 J ’l y ’06
95 Oct ’ 061
95
99 V Wheel’ s < L E 1st g 5s. ..1926 A-O 109 V
Wheel Div 1st gold 5s.. 1928 J-J 108
106
105
105 N ov’ O l
G
112 V Feb’ 06 — 112 V 112 V
Extends Imp gold 5 s ...1930 F-A 109
111 V Aug’05
110 1U V
111 OCt ’OG1
R R 1st consol 4s............. 1949 M-S
867e
86 V 7 86
106 V J ’ly ’ 06
Il06 108V
93 V
86*4
20-year equip s f 5s ...1922 J-J
102 V D ec’05
107 V Feb ’05
L04 Aug’ 061 . .. |103 V 105V Wilkes k East See Erie
.
fc
fe
111 V Nov’06 .... 109 V 111*0 Wil < Sioux F See St P M < M
W isCent 50-yr 1st gen 48.1949 J-J
9*
6 89
90 V Sale 90 V
L10 V Oct ’ 06 ... :!110VH5
90 V
5 93 V 99 V
94 V
94V
127V F eb ’02
\
M ISC E L LA N E O U S
filanutacturirig & Industrial
Beth Steel 1st ext af o s.. 1926
Cent Leather 20-year g 58.1925
Consol Tobacco 50-yr g 4s. 1951
Registered 43.................1951
Distil Sec Cor conv 1st g 5s.’27
Int Paper Co 1st cod g 6a. 1918
Consol conv s f g 58...... 1935
Int St Pump 10-yr conv. 6« ’ 13
Knicker Ice (Chic) 1st g 5 s .’2S
Lackaw Steel 1st g 5s___1923
Nat Starch MfgCo 1st g 6s 1920
Nat Starch Co s f deb 5 s.. 19*25
Repub I k S lst<fc coltr 5s. 1924
U b Leam Co 8 I deb g 6 »..1 9 l3
V S Realty k I conv deb g5s ’24
U S ^te‘.* Corp— ( coup .dl903
i
Sf 10-60y r5 s. i reg ..41963
Va-Car Chern col ir 5* ts.. 191*2
i>*» > P-*
N. Y. STOCK EXCH AN G E
W eer Ending N ov 16
1217
4
B O N D S —C o n c l u d e d .
i>lincellaneous
I
96
06
Adams Ex col tr g 4 s ........ 1948 M S 102 V ........ 102V 102 V 3 1102 104 V
06 Aug’ 06
Cent N J
98 *r 66 96V 102 V AniDk<feImp5s
98
77
83*i Am SS Co of W Va g o s _ 1920 M N
_
78 V N ov’ 06
100V J’ no’02 . .
.........
41
78 V 78V B’kl’ n FerryCo 1st cons g5s ’48 F A
41 Oct ’06
78V Mar’ 06
58
......
90
86V Sale 86 V
Clilc Jc k Si Y'ard col g 5s. 1915 J J
108 J ’ne’06
87 V 92 81
09 V 78
107 Sale 106
107
15 105V UOV Det M < M id gr incomes.. 1911 A O ........ 65
fe
70 Sep ’ 06
93 Sale
Hoboken L < I gold 5s 1910 M N
fe
0! 92 J00
92
102
2 101 1 0 i\ Mad Sq G arden'lst g 5s.. 1919 M N
102 103 V 102
97 L Oct ’ 05
Man Bch H < 1 gen g-ls 1940 M N
fe ^
2
50 Fob ’ 0‘
102 ........
fe
102 V 65| 102 V 108»| Newn Ne Ship < D iJpsdlOOO J J
93 V X Y' Dock 50-yr 1st g 4s.. 1951 F A
83 V
94 V 16 93
83
93
83V 85
4 84
98
99
73 ........ 73
73
77
99 May’ 06
99
73
Provident Loan Soc4V«.1921 M S
5
100 to sen ’05
........ 98
St Joseph Stk Yds lst 4 Vs 1930 j j
95 V 10! •
95 V
106 107 106
106
12 106 109 V St L Ter Cupple.s.Stat’n fe Prop
"<
•••
•••
97*4 Sale 97
97*4 100 90 V 99 V
Co 1st g 4 Vh 5-20 year..1917 J D
97*4 Sale 97 V
112 .1’ 1 ’ 04
v
08 V 544 96V 101V s Yuba Wat Co con g Oh 1923 j .1
6 1 95 V 100
S 4 Sale 97 V
*7
98
bp Val Wat Works 1st Os. 1906 M s ! ................... 113V J’i y ’ O
O
........ 99
57 Oct '06 ----1 97 101V u S Red < Ref ls t 8 f g 6s. 1931 - fe
96
90
97
96
i 95 103
No price 1 nday; latest bid and asked this week, a Due Jan bD ue Feb d Due Apr eDueM ay g D u e J ’ne A-DueJ’ly p D u e N a r s Option bale
J-J
A-O
F-A
F-A
A-O
f -a
J-J
J-J
A-O
A-O
M-N
J-J
AO
M-N
J-J
M-N
M-N
AO
94
98
........
95
98V
79
CHICAGO STOCK EXCHANGE—Stock Kecord-Hailf. Weekly and Yearly
S lO C K S —H IG H E S T A N D L O W E S T S A L E PR IC E S
Monday/
Nov 12
Saturday
Nov 1 0
*150
*5
*15
*24
* 64
*35
*24
*60
*90
35
100
*30
19734 *150
54
18
*5
*15
*62
*85 4
26
*24
"65
66
37
45
25
*24
*60
64
91
35%
35 4
101 *100
35 *. ..
1973 *150
4
54
18
*5
*15
62 4 *........
86
87 4
25
25
66
66
38
39 4
*24
25
*60
64
91
91
35%
35 4
........ *99
*2 9 '
34
T'rulay
Nov 16
Thursday
Nov 15
Wednesday
Nov 14
Tuesday
Nov 13
S TO C K S
CHICAGO STOCK
EXCH AN GE
Sales
\ ° ' thf
■ Week
!Share*
R ailroad*
Oct ’06 Chic City R y .......
100
Chic Pass K y.......
L a st S a le 5 4
Nov’06 Chic & Oak Park.......iuu|
"5
54
54
L a s t S a le 16*
Oct ’06
*15
Ho
pref............. lo o '
18
18
52
52 Chicago Subway.......100
514 5 2
N ov’05 Chic Union Tract___lo o
L a s i S a l e 4?-4
O c t’ Od
L a 8 1 S a le 76 4
Do
pro!..............100
62
63 4 Kans City Ky
Lt ..lo o l
62 4
62
62 4 62 4 * 6 2 4
86 4
Do
pref..............100
86
86*4 86 4 86 4 *85 4
26 4
26% Metropoi W s Elev.,100
26
25
*244 26 “ *25
67 4
68 4
67 % *66
68
Do
pr©£............. 100!
67 % *66
*37
43 North Chic Street_ 100
43
_
39 4
4 04 404 *39
2o
25 Northwestern Elev.,1001
*24
25
25
*24
25
64
*60
L a s t A a l e 62
N ov’06
64
Do
pref............. 100i
90
91 South Side E lev........ 100
91
91
91
91
91
35
35
35 4 StreetsW Stable C L lo o
*3 4 4 35 4 *34 4
35 4
102
1014 *99 1014 100 100 *100
Do
pref..............100
34
Oct ’ 06 West Chic street.......lo o
L a s t S a le
32
........ *150
197%
[1
a 8 1 S a le 140
Miscellaneous
oc
<>
£
-k
6
6
*6
64
64
64
.10 0
64
64
64
94
554
55 4
Do pref____
54 4
54 4 514
.100
544 543
4 54
54 4 544
5 4 4 5 44
125 w
.
*125 4130 *125
130
130 130 *,125 130 *125
100
er R adiator....
*
L a 8 1 S a le 130
O c t’ 06
130
Do pref.......... .1 0 0
1264 130 *1264130 *1284130
#77
77 4
784
784
er Slnpoldg___ .100
77
75 4 704
7 6 4 ?8
77
N ov’ 06
L a s t S a l e 110
Do pref......... .100
Sep ’ 06
354
*31
364 *31
er Straw Board........
35 4 Jjast S a l e 31
35 4 *31
Nov’ 06 Booth (A) & C o ........ 100
L a s t S a le 38
*36
38
*38
39
*38
39
39
* 38
L a s t S a te 108
Sep ’ 06
106 108 *106 108 *106 ........ *106
Do pref.............. 100
*57
58
*57
58
*56
58
57% 58
*66
58
58
♦56
L a s t S a le 175
May’05
L a s t S a l e 16
Mar’06
*10
N ov’06
*1
*1
*1
14
14 L a s t s a l e 1
14
6
6
*6
64
*6
64
"6
Do pref.
64
*6
64
142
143
145 145
144 145
144 144% *143 144
1434145
100
"49
50
4 9 4 49 A
49 4
49 4
.
49 4 49 4
100
118
118
116 118 *116 118 *116 118 *116 118 *116 118
100
109 109
109 109
109 38 109-4
109 *1084 1094 *107 109
127 1274 127 127 4 127
127 4
126 128
1264 128 4 1274128
nond Match......... 100
48 4
*48
484 484 *47 4 4 84 *47 4
lo is Brick............ 100
4 94 *474 48 4 *47 4 4 84
L a s t S a le 31 4l N ov’ u5 Knickerbocker Ic e ... 100
F eb ’06
L a s t s a l e 8 (1
Do pref............... 100
L a s t S a lt 17
J’ne’06
D ec’04
L a s t S a lt 9
Fuel.
*46
^8
46
46
L a s t S a le 1 4
J ’ly ’ 06.
S e p ’06
L a s t S a le 22
Do pref.
74% 74%
74
73
74
73
73
744
74%
*724 73 4
74 4
bional Bis
116 4
118 118 4 118 118
Do pref.
# 11 6 4 1 1 6 4 *116 117 *116
100
*864
87
87
*864 87
*864 87
:ional Car
*86 4 87
86 4 864 *86
100
119 119 *118 119 *116 119 *116 119 *117 119 *117
119
Do pref.
100
L a s t s a l e 5%
May’ 05
L a s t S a l e 92 4
J’ ly ’06 ^
3’s Gas L & C’kelOO
Oct ’ 06
53
L a s t S a l e 55
*45
5 34 ♦45 ____ *45
Roebuck com. 100
934 94 ~ 924 98
93 4 924 *924 9 3 - ♦92 4 93 4 "92 4
9 3 4 ' DO pref...............100
8
1094. 109% 109 4 1104 1107 114
113-4 1144
1114 111% 1084 H I
133 134
131 131 *130 135
132 132 "130 135
135
135 r
100
Do pref.
1014 1014 101 1014 1014 1014 101 4 10 1 4 1014 l o i 4 101% 101%
14
14
L B ox B
t’d
*14
*100
1% 1%
14
1-4
1%
1%
1%
14
15
8
9
10
104 104
9 4 104
10
104
9 4 104
100
Do pref.
10 4 10-8
L a s t S a le 3 0 *2 N ov’06
30 *........ 30 *........ 30 *
30
100
Range /or Year
1906
Lovjest
140
225
60
150
llo
340
60
03
221
145
10
Range <or m totes
Year (0/05)
H ighest
Sep 28 200
| Lowest
Jan 5 180
5 4 Nov 5 7 % Jan 17'
16 Oct 10 28 4 Jan 2
39 4 J ’ly 13 59 M ayl'j
4 J ’ly 12 13 4
a
12 4 May J8 46 4 M a rl2
54 4 Jan 2 04 4 Feb
8-> Oct 3 i 93 4 Feb >
25 Oct 30 30 J ’ne 8
65 4 Oct 23 72 4 Jan 13
25 Mar 14 85 .Mar 12!
23 4 J ’ly 24 28 1 Feb 25
2
2
60 May 23 68 * Mar 1
89 4 Apr 3' 99 J ’ne V
-1
27 May] 8 35 4 Nov ] 2'
98 Jan 26 102 J’ne 15
23 Apr 10 60 Feb 19
! Highest
Jan 205
4 J ’ ly
10 J’Jv
40 Oct
0 4 J’ nt
20 J’iy
30 J an
82 2 J an
20 Jan
59 2 Jan
55 J iy
21 Mav
60 Mar
90 8 Ma\
27 Aug
96 Dec
40 J ’tit
Oet
73 Jan
28 Dec
*71 Aug
13- h Feb
51 Feb
G
O Sep
o3 ^ sep
1 h * Oct
4
3 \iSep
99 Feb
26 Dec
08 Oct
100 Aug
30 >ep
103 0 Mar
72 Feb
350
6
1,065 51
50 115
1
129
1,400 1 54
J’ ne28i 11% Jan 20
8% Dec 14 % Apr
J ’Jy 13, 72 Jan 25 60 Jan 73 4 Apr
Feo 0 130 Nov 7 76 Jan l l o Dec
Aug27l 136 Jan 17 125 Feb 134 Dec
Jan 13 Si Nov 5 38 Jan 59% Sep
^O 101 Jan 11 110 G C t 1V 98 1 Jan 106 0 Mar
»
2
17 Feb2s, 31 Sep 22;
36 Jan23| 40 Feb 6 35 Oct 40 Jan
2
108 Jan 25 113 0 J’ ne 2 105 Mai 1 12 Aug
1
15 55 May2 6 64 Feb 6 i 50 J’ iy 7o Oct
168%M ayl8 175 May31 1 4 8 S i Feb 150 Mar
16 Feb 131 16 4 F e b 231 10 Jan 10 Jan
2
J’n*
1 Mar 6! 1 Mar 6
1 Jru
15
6 N ovl4 7 Jan 16 6 34 J’ne 7 Jan
361 136 J’ly 31 165 Feb 15 153 Jan 1
172 Feb
20 49 May 21 63 Feb 9 32 Jan ! 58% Dec
20 101 Apr 27! 139 Jan 15 125 May 1
143 0j Feb
SO 103 May 3 118 Jan 9 95 Apr! 118 Dec
1,624 118 J ’ne 6 147 Feb '( 134 * Feb 145 Aug
2
45 4102 Sep 1 7 1 - 4
55
J ’ ut- 67 Nov
I 11 Feb 42 Nov
79% Feb 23 80 Feb 2c i i 63 Feb 75 Oct
16 46 May 22 48 Sep 25 44 4 Mai 48 4 Aug
1% May29
2 Jan
2V F eb 3
2 4 Oct
21 J’ ne2;. 23 Mar 7 19 Sep 23 Oct
835 62 May 2 77% Oct 24 523 Aug 67% Dec
4
23 113 0 Jan 4 119 Oct 24 llU 3 Aug 120 4 Mar
2
4
b 78 Jan 5 95 Mar 3 41 Jan i 80 4 Dec
3 115 Feb 21 122*2 Mar 9 110 Jan 120 J’ne
53 May
4
5 A pr
4
88% J’ly 10 93 0 Mayi7, | 99% May 1103 Apr
>
50 Aug 2 55 A u g 2 4 1
327 92* Nov o' 99 sep 1.
4
8,543 101 % Jan 17; 119*2 Sep 27' 101 Dec 114 Jan
131 115 May 16 1524. J an 5 46 Jan 105 Dec
570 100 Sep 6ll06% Feb 15 86 4 J an 109 4 Nov
2,145
l % J :ne28
2% Jan 12
I % J ’ly 2 -2 A pr
5,628
8 1 J ’ ne2t 17 4 Jan 20 8 Aug 16 Dec
4
29 4 J ’ly 23 42 Mar 27 23 Feb 41 A u g
Mining
10
L a s t S a le 578
L a s t V ale 36
L a s t S a l e d9\
Mar’06 .
Mar’06 ^
J’ne’0 6 1
......................1
10
10
L a s t S a le 2.9'4 N ov’06 1
L a s t S a le 4%
Oct ’06 J
85 4: F eb ’06 1
L a st S a le 74
J ’ne’06 ::
10
Chicago Bond Record
CHICAGO STOCK E X C H ’ GE
W
kkk
E nding N o y 16
P rice
P rid ay
Nov 16
Week's
Range or
Last Sale
50
15
5% Mar 7
63 Feb2o
4
3 6 4 Mar 7 3 6 4 Mar 7
29% J’n e l1 443 Feb 2 •
4
250
7-4 J’ly 141 144 Mar29
14% Mar 71 20% N ov oM
4% Oct 21
3 4 J’ly 26
85 l4 F eo 23 80-4 Feb 22
6 Feb 24
7 4 J’ne 16
Chicago Banks and Trust Comoanies
C
O
|5
Range
Since
January
[
NAME
1
Outstand Surpltcs d
ing
In
Prorits\
19u4
Stock t
/Hvtdentt Record
in
t e r | Last P a id
1905 iou
%
>
Bankers N ational....... $2,000,000 $1,133,331
8
8
<+J Oct :o6, 2
100,000
Calumet National........
34,3 U
None J-J ! J’iy ’06, 5
_ 994100% Chicago City................
10
500,000
99% May’06 _
J-J k ’-iy ’06. 5
114,19^ 8*4-5
101% Nov’06 .... 102 1034 Chicago Savings.......... A 500,000
;
£ 76,069
Commercial National.. £2,000,000 1,950,96. 12
10 i Mar’Oo — 101 101
12
Q-J Oct ’06, 3
103 A p r’04
Continental N ational.. 4,000,000 2,196,917
8
8
Q-J Oct ’06, 2
Cook Co State Savings
50,000
4,3955 J’ne’06
6
6
55
55
06, 1 ^
Q-J Oct J
12
Corn Exchange N a t... 3,000,000 4,100,867 12
1004 N ov’06 . . .. 100 4104
Q-J lOCt ’06. 3
102 Aug’uG .... 102 103% Drexei State................
20,57«
6
200,000
6
Q-J Oct ’06, 1 *2
96% Jan ’06 —
600,000
316,716
Q-J Oct ’06, 2
8
8
96% 96%' Drovers Dep National
Englewood S ta te .......
200,000
26,597
Q-J Oct ’ 06, 10a
87 F eb ’06 . . .. 87
500,000
6 1 ,634 Bee-an busin ess Oct 16, 1905
Federal National........
87
First N ational............. 8,000,000 6,742,340 12
1112 Q-J Oct ’06, 3
100,000
6 80
First Nat Englewood..
10
130,530 6+4
90
8 14
81%
Q-J Oct ’06, 20a
500,000
634,529 P n v ate Ba nk
79 Nov’04
Foreman Bros B’k’g Co
_
Q-J Oct ’06, 10a
80 A p r’04 _
Fort Dearborn Nat___ 1,000,000
305,227
6
6
167,482
103 Oct ’06 •••• i02 4 i o 5 4 HamUton N ational_
500,000
_
_ 90
90 Oct 06 _
Hibernian B ’k’g A ss’n 1,000,000 1,078,315
8
95
8
Q-J Oct ’06, 2
99 Sep ’06 __ 98% 100 4 Kaspar State Bank___
200,000
62,23 d
200,000
17,671
Monroe National........
99% J ’l y ’06
Q-F Nov ’06, 1
99 1U0
95 Oct ’ Ob . . .. 95 100
65,313 Began busm ess Oct 2, 1905
250,000
Mutual Bank..............
16 May’U
5
Nat Bank of Republic. 2,000,000 1,059,369
Q-J Oct ’06, 102
6
6
5 91
95
91
914
National Live Stock... 1,000,000 1,328,26‘< 12+3 12+3 Q-J o c t ’06, 3
86
86
2 85% 89
50,000
7.749
North Side State Sav..
6
6
Q-J Oct ’06, 103
90 F eb ’€ 6
>
Oakland National........
100,000
J-J o ct ’06, 0
90
90
28,506
6
6
66,00.
250.000
Prairie National..........
86,957' 1138
79 Aug’06
250.000
8
Q-J Oct ’ 06, 2
79
91
Prairie State................
80 J ’ly ’ 06
fc
300,000
216,827
8
8
Q-J Oct W , 2
80
924 Pullman Loan < Sav..
d,013 Began busin ess July 3, 1906
250,000
_
904
904 32 90 4 94% RaUway Exchange_
200,000
53,459
< 89 1004 South Chicago Savings
92
92 4
5
4
Q-J Oct ’06, 1%
855,943
•
1004 Mar’06 . • • 1 0 0 4 1 0 0 4 state Bank of Chicago. 1,000,000
6
8
Q-J Oct ’ 06, 2
97 Noi ’ 06
129,937
None
9 9 4 99% Stock Yards Savings .. * 250,000
36,49i Began May 1, 190 5,
200,000
99 Oct ’06
Unien Bank of Chicago
96 100
200,000
36,406
None Q-J Oct >06, 103
Uifion Stock Yds State
9 9 4 S ep ’06 •«•• 99 4100
120 A p r’06
Amer Trust & Savgs.. 3,000,000 2,373,358
120 120
7
8
Q-J Oct *0(5,
937,079
101% J ’l y ’06
4
1014105 4 Central Trust Oo of 111 2,000,000
5 82, Q-J Oct ’06, 1%
104% 104%
600,000
545,14.
Colonial Trust & Sav..
5 + 5 ' Q-J Oct ’06, 2%
4 104 4 198
5
_ 104 1054 Drovers Trust & Sav..
6
200,000
104 J’ne’06 _
69,304
Q-J Oct ’06, 102
6
103 4 F eb ’u6
1034 1034 First Trust & Savings 1,000,000 1,430,726
fc
101
1014
5 101 105% tUinois Trust < Sav.. £4,000 000 6,896,349 12+4 12 + 4
I Oct ’ 06, 3
I
200,000
27,057 Began Jan 3,; 190 5
102 Nov’06
101% 103% Kenwood Tr & Savings
200,00U
IS,524 Orga oized Nov 18, 1905.
101 4 Sep ’06 . . .. 1014105 4 Lake View Tr & Sav..
200,000
3,147 Incur poraie d M arch, 1905
114 N ov’04
Live Stk T t & Sav Bk.
Q-J Oct ’06, 3
75
77
12
Merchants’ L’ ncfeTr Co 3,000,000 3,870,781 12
77
14 65
750,000
309,541
J-J J’ly ’00, 3
6
92 J’l y ’06 —
6
80 1014 Metropolitan Tr & Sav
68 4 Sep ’05
Q-J Oct ’06, 2
8
Northern Trust Co Bk 1,500,000 1,691,504
8
69 N ov’ 06
43,734
200,000
60
85
Peoples Trust & S a v ..
500,000
Q-F Nov ’06, 2
70
VO
502^634
6
6
8 55
84% Royal Trust C o ...........
85 Oct ’ 06
805,485
85
95 4 Union Trust Co........... 1,000,000
6
270,887
9 64 Jan ’ 06 —
6
Q-J Oct ’ 06, 10a
96 4 96 4 Western Trust & Sav. 1,000,000
200,000
9,893 Began busin ess Sep 5, 1905
W Side Tr & Sav Bk..
Note,—Accrued interest mus t be added to all Chicago bo nd price s.
200,000
Woodlawn Tr<fcSav Bk
Q-J Oct ’06, 1 0j
---- |
21,408 . . . .
| Dividends are paid Q-J, with extra payments Q-F. ’ll Includes special dividend of 36% declared Aug. 10, 1904.
|
t Sept. 4, ’ 06 for National Banks and Sept. 5, ’06 for State institutions.
* Biu ana asked pnoes; no sales were made on this day. $ No price Friday; latest price tins week.
aDue Deo. 31. 5 Due June. h Due July, k Capital and surplus to be increased.
Bid
A sk Low
Amer Biscuit 6 s .............. .1910 F-A
9 9 % ........
Amer Straw board 1st 6s.. 1911 J-J
Cass A ve & F G (St D) 5s. 1912 J-J
Cbic Board of Trade 4s ...1927 J-D ........ 102
Cine Consol Br dc Mit 6 s .......... J-J
Chic Consol Trac 4 4 s ....... 1939 J-D ........ 55
Cliic Edison debent 6s___1913 J-J
1st gold 5 s .................... M 926 A -0 t ........ 1014
Cliic Auditorium 1st 5 s... 1929 F
........ 100
Chic Dock Co 1st 4s..........1929 A -0 ........ 98
Chic No Shore E le c t s ___1912 A -0
Cliic<fe MU Elec Ry 5s ....1 91 9 J-J
8 14 Sale
Cliic Pneum Tool 1st 5s .al921 J-J
Cine Rock I & Pac R R 4s.2002 M-N
Collat Trust g 6s........... 1913 M-S
4
Commonwealth Elect 5s.51943 M-S 10 z 3 103 4
Illinois Tunnel 5 s ........... 1928 J -D .......88
Kans City Ry & Lt Co 5s. 1913 M-N
97% 984
98 100
Knickerbocker Ice 1st 5s. 1928 A -0
Lake Street El 1st 5s.......1928 J-J t .......* 100
Income 5 s ......................1925 Feb
92
Metr W Side Ei 1st 4s___1938 F A 91
85
86
Extension g 4s...............1938 J-J
North Ulnc St let 5s........ 1909 J-J
1st 5 s ...............................1916 J-J
Refunding g 4 4 s ..........1931 A-0
H6
No Chic City Ry 4 4 s ...1927 M-N i'75
North West’n El 1st 4s. ..1911 M-S
9 04 Sale
Ogden Gas 5 s ................... 1945 M-N 91% Shle
Pearsons-Taft 5s.......... ...1916 J-D 100 ____
4-408..................................... . M-S
97 ........
40>0s Senes E ........................ M-N
98 ........
4-80s Series F ........................ M-N
99 4 ........
People’ s Gas L & C 1st 6s. 1943 A-0
Refunding g 5 s ............. 1947 M-S ........103 4
Chic Gas Lt & C 1st 5 s .. 1937 J-J 104% Sale
Consumers’ Gas 1st 5s.. 1936 J -D
Mutual Fuel Gas 1st 5s. 1947 M-N
South Side Elev 4 4 s........ 1924 J-J 10 L 1014
Swift < Co 1st g 5 s ..........1914 J-J 11014102
fc
Union El (Loop) 5s..........1945 A-O ........ 101
Uni^n Pacific eonv 4 s ___1911 M-N
75 Sale
United Box Board 6s...............
W est Chic St 1st 5s.......... 1928[M-.N
75
90
Tunnel 1st 5s..................1909 F-A
Debent 6 s .......................1914 J-D
Consol g 5 s ..................... 1936 M-N
W est Div City Ry 4 4 s .. 1932 J-J
West’tn stone Co 5 s .......1909 A-O
H igh No. Low H igh
Nov. 17 1906.]
THE CHRONICLE.
Volume ot Business at Stock Excaauges
TRANSACTIONS AT THE .N1£W YORK STOCK EXCHANGE
DAILY, WEEKLY AND YEARLY
Stocks
Week ending
Nov 16
11/06
B a r value
Shares
Saturday...........
M on day.............
Tuesday.............
Wednesday........
Thursday...........
Friday................
5,321.711 $448,868,400
1900
U S
Bonds
$63,000
2-7,000
364.000
271.000
282.000
302,000
1905
January 1 to Nov 16
1905
H 00
254,898,769
218.897,283
5,701.177
6,321,711
Stocks—N o. shares
Par value........ $448,868,400 $521,932,950 $22,3 4 2,472,925 $20,250,605,075
$431,900
$23,000
•>786,100
Bank shares, par..
BONDS
Government bond;
State bonds...........
H E and mis. bonds
$14,500
7.700,200
13,027,500
$1,696,800
62,539.750
546.0A0.2U0
$1,060,120
189,419,"50
729.719,3u0
$9,809,000: $20,748,200
$610,276,750
$920,199,270
$1,509,000
S.300,000
Total bonds___
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week ending
Nov 16
P h ila d e lp h ia
Boston
2906
Listed
s/cares
Unlisted
shares
Saturday .......
M on d a y........
Tuesday........
W ednesday. .
Thursday.......
F riday...........
18.619
53.801
35,S61
42,852
68,333
62,574
1,701
10,483
6,220
16,659
9,272
14,210
Total.......... 282,040
Bond
sales
Unlisted
shares
Listed
shares
Bond
sales
$22,000
39.500
43.000
19,800
10.000
32.500
12,969
21,228
17,330
16,625
28,370
43,362
4,060
14,184
10,270
10,711
11,884
12,085
$35,050
105,650
48,700
61,100
47.000
63.000
58,545] $166,800
139,884
63,194
$364,500
Outside Securities
A W eekly Review of Outside M arket w ill be found on a preced in g page.
C
O
0
5
*»
>
S treet R a ilw a y s
S treet R a ilw a y s
Ask
Bid
A sk
Bid
North Chic Street Bee C hicago list
NEW YORK CITY
95 100
Pub Serv Corp of N J100
31
34
Bleeck 8t A Fui F stk 100
65
Tr ctfs 2% to 6% perpel
66
91
93
{ 1st mort 4s 1950 ..J-J
Coll trust 5s gold notes
{ B’y A 7th Ave stk ..100 230 23S
1909 optional___M-N £ 95
96
{2 d mort 5s 1914 ...J-J 100 104
55
North J ersey St Ry 10U 40
Con 5s 1943 See Stock Excli list
76
1st 4s 1948........ M-N £ 74
B’way Surf 1st 5s gu 1924 2104 106
Cons Trac of N J ... 100
774 78 4
{Cent’! crosst’ n stk ..l0 0 290 330
1st os 1933..........J-I) £105 106
{1 s t M 6s 1922 ...M -N 111 115
New’k Pas Ky5s'30J-J £109 112
{C en P k N A E R stk.100 195 200
Rapid Tran s t Ry._100 240 250
'.jClir'tT A 10th St stk 100 165 171
Exci. list
1st 5s 1921.......... A-O £108
28
J C Hob A PatersonlOo
Dry D E B A B—
72
4s g 1949............M-N £ 71
{1 s t gold 5s 1932__J-D 106 108
So J Gas El A Trac 100 118 120
{ Scrip 5s 1 9 1 4 ___F-A 100 10*2
Gu g 5s 1953.......M-S £ 99 100
Eightli Avenue sik..lO i 370 385
99 101
No Hud Co Ry 6s’ 14J-J £110
{S crip 6s 1 9 1 4 ___F-A
375 400
5s 1928..................J-J £ io7
55
70
Ext 5s 1924.......M-N £100 103
42d St M A St N A v.,100
Pat City con 6s ’ 31. J-D £120
{1 s t mort 6s 1910 .M-S 100 103
70
2d 6s___1914 opt A-O £100
58
V2d lucoine 6s 1915 J-J
So Side El (Chic) Bee C hicago list
Interboro-Metropolitan—
Common. Bee Stock Ex cha’ ge list Syracuse Rap Tr os 1946 £105 4 106 4
PreterreiL nee Stock Ex cha’ ge list Trent P A H 5s 1943J-D £101 104
4 4 % bonus. Bie Stock Exch list United ltys of StL—
43 4 44 4
Com vot tr c t f s .......100
L exA v A Pav X 5s Bee St k Exc list
80 4 814
{P referred...............100
Metropoi Securities Bee Stk E x list
Gen 4s 1934___See Stk Exch list
Metropoi Street Ky Bee Stk L x list
Exch list
UmtRysSanFran Bee Stk
Ninth*Aveuue stock.100 170 L8o
39
38
W a sh R y A El C o ....100
Second Avenue stocklOO 195 203
88
89
P referred................ 100
{1 s t mort os 1909 M-N £100 102
88 4 89
4s 1 9 5 1 ................... J-D
Consol 5s 1948___F-A £ 109 111
29
34
{Sixth Avenue stock 100 172 175 {W est Chicago S t ___100
{C on g os 1936___M-N . . . . . . f 7U
Son Bouiev 5s 1945..J-J £100 104
So Fer 1st 5s 1919...A-U £105 106
Gras .Securities
Third Avenue B ee Stock Exch list
NEW YORK
Tarry W P A M 5s 1928 £103 106
YkeraStRR 5s 1946A-0 £103 106 Cent Un Gas 5s g ’27.JAJ £101 103
28th A 29tli Sts 1st os ’ 96 £103 106
Con Gas (N Y ) slk. Bee St k Exc h list
{Tw enty-Th’ d St stk 100 37 5 400
Conv deb 6s ctfs Bee Stk Exch list
Union Ry 1st 5s 1942 F-A £ 105 107 {M utual G a s ............. 100 170 200
Westchest 1st 5s ’43 J -J £103 106 New Amsterdam Gas—
994
1st consol 5s 1948..J-J
BROOKLYN
N Y A East River Gas—
O
Atlan Ave os 1909..A-O £100
1st 5s 1944.............. J-J £102 L G
Con 5s g 1931........ A-O £lu6
Consol 58 1945........ J-J £ 99 102
38
B B A W E 5s 1933..A-O
98 100 N Y A Richmond Gas.100
Brooklyn City s to c k ...lo 225 230
Nor Un 1st 5s 1927.M-N £100 103
Con 5s B ee stock Excli list
{Standard Gas com ..100 1U0 125
BklnCroastn 5s 1908. J-J 100 102
{Preferred ............. 100 100 120
Bkm Hgte 1st os 1941 A-O 103 107 i 1st 5s 1930............M-N 104 108
B k ln Q C oA S u b Nee Stk Excli iist
O T H E R C IT IE S
Bklyn Rap Tran S ee Stk Excli list
150
{Coney Is. A Bklyn ..10o
Amer Light A Tract. 100 x l\ 2 114
90
1st cons g 48 1948..J-J
93
Preferred................ 100 x 96 100
it.
Brk C A N os 1939.J-J 105 108
Bay State G as............. 50
a
s
Gr'pt A Lonm er St 1st 6» 103
99
Binghamton Gas 5s 1938 £ 95
Kings Co. Elevated—
Brooklyn Union Gas deb *
1st 4s 1949 B ee Stock i Excli list
6s 1909 c o n v ’ 0 7 ...M-S 115 125
Nassau Elec prel.......100
7
9
65
75
Bnhaio City Gas stocklOO
5s 1944................... A-O 105 LuS
1st os 1947 Bee Stock Exch List
1st 4s 1951.......... B ee St k Exc h list Consol Gas of N J —
92 4
N W l/g A Flat la tex 4
100 104
1st 5s 1936...............J-J £ 90
Stein way 1st 6s 1922.J-J [£110 113 Consumers' L H A Pow —
O T H E R C IT IE S
5s 1938.....................J -I> £108
Bufiaio Street Ry—
Elizabeth Gas Lt C o.. 106 275
\
1st consol os 1931..F-A ,£108 n o
Essex A Hudson Gas 100 122 126
Deb 6s 1917........... A.O £1u5
36
41
Fort Wayne 6s 1925 J-J
Chicago City Ry
Bee C lucago list
60
Gas A Ei Bergen Go.. 100 68
Columbus (O) St B y.. 100 101 1014 Grand Rapids Gas—
1
Preferred................ 100 108 n o
{1 st 5s 1 91 5 ..........F-A £100 ro i
Coium Ry con os Bee Ph Llalist
; 13 4
Hudson Co Gas..........100 n o
Croesi’ wn l8tO«'33.J-D
109 4 Indiana Nat A ill Gas—
Grand Rapids Ry___100
25
30
68
1st 6s 1908........... M-N
75
preferred................ loo
65
72
B7
90
Indianapolis Gas........ 50
Lake St (CUic) El Bee < incago list
1st g Ch 1952..........A-O £ 98 100
VLouisv St os 1930.. JAJ £110^ 112 Jackson Gas 5s g ’ 37.A-U « »5 jioo
LvnnA Bos 1st os *24. J-D £ 107 4 n o
60
Kansas City G as.. ..lu o
{N e w Orl Rva A Lgt.S’ee|Stk E x list {Lsolede Gas.............lo t 1 ........ |
ICO
{P re fe rre d ............. Bee Stk E x list
98 100
{Preferred ............. 100
{G en M g 4 T s ’35 Bee 1Stk E ix Jiat Laray’ eGaslHt J-J4.M-N 1 38 | 43
♦B u yer pays accr'd inu f P n c e p e r s h . fSaia price.
> i\c n r it if H
I
Bui
U>gAWabV 1st 0s’25.J-I > 35
£102
Madis* u Gas 0s 1920.
£ 132
Newark Gas 0s 1944.
Newark Cousol Gas.. 100 j 90
IICon g 5s 1948.......J-D! 105
No Hudson L 11 A Pow
£108
{O A I ml C Nat A I L .100
I
1st 0s 1920............. J-D| 29
68
at 6k Pas Gas A Elec
II Con g 5s 1949....M -S £ luo
St J osopli Gas 5s 1937.J -J £ ........
«*.
A Sk | 1ikiiikIm i . and M i* «•
40
1()6
135
91
107
4
34
7l
103
93
T e lo g r *Sc Tele phono
$8,360,000 $1,509,000
Week ending Nov 16
Bales at
New York Stock
Exchange
State
Bonds
$7 4 3,500
2.069.000
1.474.000
1,386,500
1.483.000
1.214.000
2^9,168 $20,279,300
80,234.200
976,304
59,680,300
702,728
86,15 J,900
987,864
97.126,000
1,095,760
1,266,837 105,393,700
T o ta l...........
R a ilro a d Ac
Bonds
i 'ii*
1 2 1 9
{ Am erTeleg A Cable 100
{Central A So Amor. 100
Oommer U n T el(N Y).25
Emp A Bay Stale Tel 100
Franklin......................100
{G old A S to c k ..........100
Hudson River Teleph 100
*iN Y A N J T eleph... 100
Northwestern Teleg. 51)
Pacific A Atlantic.......25
{Southern A Atlantic 25
E lectric Com panies
Chicago Ellison Co Bee C
' KingsCo El LAP Co 100
Narragan (Prov) E Co 50
L
X Y A G El L APowColOO
P re l erred ................. 100
United Electric ot N J 190
4s 1949......................J-D
F erry C om panies
Brooklyn Ferry stocklOO
B A N Y 1st 6s 1911. J-J
N Y A E R Ferry stk.100
1st 5s 1922............ M-N
N Y A Hob con 5s ’46.J-D
Hob Fy 1st 5s 1946 M-N
N Y A N J 2d 5s 1946.J-J
10th A 23d Sts Ferry 100
1st mort 5s 1 91 9 ...J-D
{U nion Ferry stock .100
{1 st 5s 1920 .......... M-N
R a ilroa d
Ohio Peo A St L pref.100
Deposited stock............
Undepositod stock.......
Prior lien g 4 4 s’ 30MAS
Con mtg g 5s 1930.JAJ
Income 5s 1930.............
Clue Subway................100
Ft W A Den Cy ^td..l00
N Y N TI A H artfordCon deb 3
1956. J A J
North’n Securities Stubs
Penn, gu g 4 4% uotes
N ov 1 1907......... MAN
Puts Bess A L E ........ 50
Preferred................... 50
Railroad Securities Co.—
111.C. stk.tr. cfs.ser.A’ 52
Seaboard A ir Line—
Coll tr 5s 1907 op...M -S
SeaboardOo.... Bee Bait
zSJ
140
115
75
45
114
SO
122
120
75
99
90
150
55
86
126
83
101
Incase list
142 147
f 100 4 1034
63
57
85
75
80
£ 60
70 4
4
14
£100
70
65
92
85
£105 107
£1084 n o
£ 105
30
37
85
£ 80
30
91
1
1
90 100
57 4
6
12514 52 4
98 105
£113 114
2124 237 4
£ 984
t 33
t 70
90
99 4
36
74
95
100
Excli list
Industrial and Mince 1
Ahmeek M ining........ 25 too 100
Alliance Realty......... 100 130 140
A llis Chalmers Co 1st m
s f os ’ 06 opt’ 16 wi. J- j £ S3
84
American B o o k ......... 100 150
American Brass.........lo*- 127 4
American Can com ... 100
64
Preferred................. lo o
54 S 54 4
s
American Clucie Co.. 100 185 195
P referred................. 100 luo 105
Am Graphoplio com .. 100
40
45
P referred................ io o #83
85
Amer Hardware. ___ 100 n o
Am ice Securities_ Bee Stk E x list
_
Am M alting6s 1914.J-D 103 105
Amer Press A ssoc’n .lo o
95 100
Am Soda Foun corn..100
1
3
1st preferred........... 100
40
45
2d preferred............ 100
5
10
Amer Steel Foundries—
a L 6s 1935............. AAO £ 954 97
American surety........ 5u 180 185
American Thread pref..5 \ 4
5
Am Tobac (new> com loO 370 400
Preld.......... Bee Stock Exch list
4s and 6s........ Bee Stk
Am Typefo’ ra c o m ...lo o
38
42
Preferred................. lo o
95 190
Amer Writing Paper. 100
2
3
Preferred................. IOO 24 4 25
1st sf g 5s T9 op ’09. J - J
86
87
{Barney A Sm Car ...100
71
72 4
{P referred............... lo o 140 145
{B etlil’m Steel Corp .100
i9
2 13
4
{P r e fe r r e d .............. lo o
62
70
1st ext 6s—Bee Stk Ex chang e list
Bliss Company com___50 140 145
Preferred................... 50 130 134
_
Bond A Mtg Guar_ 100 375 39o
Borden’s Cond M ilk.. 100 175 185
Preferred................. lo o n o 115
British col Copper........ 5 f 144 144
Butte Coalition M in.. 15 36
37
2
5
Casein Co 61 Am com.. 100
60
Preferred................. 10b
76
Casualty Co ot Amer. lo o 120 125
Celluloid Co................. 10u 134 137
Cent Fireworks com. 100
15
18
Preferred.................. lo o
68
*3
Central Foundry.......100
3*4
4
P reierred................. 100
14
18
Deb 6s 1919 op ’ 01M-N a 7
*> 4
7-8
stk E x list
Century Realty........ 100 196 205
Cnesebrougli Mfg Co 100 420 440
Chic Pneum Tool. See Ch icago list
City investing Co___loo 100 103
104 n o
96
2d preferred..........100
96
Colo Industrial. Bee i
k Ex list
75
1st g 5s 1917........ J-J £ 82
85
Col tr 6s Oct 1956..J-J
92 1014
56
00
4
Consol Rubber
4:,< 5
Preferred ___
17
13
38
34
11
8
Corn Prod Ref
Exch list
1 16 i 20
B id
Ask
124 13 U
{Crucible .>teel..........D o
79
80
Prefe- r o d ................ 1Ou
M
95 D )
Cuban 6s of 1896.............
1 Diamond .Match Co. 10011 12 / 4127 4
6 ‘,
54
Dominion Copper (now) 1
i
15
25
Electric Boat............. lOU
60
70
Preferred.................ioo
1U
14
Electric Vehicle........ 10b
17
20
1 referred................ iui
*
p
6
Empire Steel............. lUu
40
42
P referred................ too
43
Federal Sugar, com .. 100 4 0
75
78
P referred ................loo
74
7Y
{General Chem ical.. iOu
3 104
{ Preferred...............10U LU
Gold Hill C opper........ 1 \ Ua4 7
Greene Con Copper...10 t 26 4 26*4
2
Greene Consol Gold...LU f 1 4
Greene Gold-Silver__ 10 f l 7
s 2
uuggenheim Explo’n.lUO 310 320
Hackensack Water Co —
Ref g 4s 52 op 1 2 ...J-J £ 90
93 4
85
95
Hall Signal C o ..........100
14
15
Havana Tobacco Co.. 100
25
28
Prolerred.................Lot
70
66
1st g 5s June 1 ’ 22.J-D
Hecker-Joues-Jew’ l .Mill
1st 6s 1922............. M-8 105 109
34 . . . . . .
Her’ g- H all -Mar ,n e w .100
Hoboken Land A implOO 2V /
M
{5 s 1910.................M-N £iUi
9
10
Houston o n ...............100
46
50
Preferred . ..........l ou
Hudson Realty..........luo 130 140
50
nngersoli-R ana com. 100
93 58
{P re fe rre d ................ 10c
liiternal’iBaiikingUolOO 135 145
10
Int’n’ l Merc Marine. 100
104
28
29
Preferred................ 100
Col tr d 4 4 ’ 22op’07A-O
7o 4 7 6 4
lnternat’1 N ick e l___i Ob 10U n o
84
88
P referred................ 10c
35
37
International Salt___luo
63
66
1st g 5s 1951..........A-O
6 ......
International Silver, lot
48
51
P referred................ 10b
1st 6s iy 4 8 ...............J-D 106 109
70
71
Lackawanna s te e l... 1(h
1 44
Lanston Monotype...... 20 f 14
Lawyers Mort iusur.100 . . . . . . 195
50
{L eh A Wilkesb Coal.5i
Lord A Taylor........... 100 125 135
P referred................ 100 100 103
{Loriilard (P) pret ...iO o 140 150
7 34 7 3 r
/8
Mack iv Companies ..10u
69
69 3
4
P referred................ luo
15
25
Madison Sq Garden..100
75
2d 6s 1919
M-N
7
54
{M anhatt Beach Co. 100
Manh Bell Hotel A Land.
7
10
P referred ................ 100
84 4 88 4
{G en. g. 4s-i940__M. N
Manhattan Transit___2u t 5
54
13
17
Mex Nat Construe.piluu
Mitchell Mining.......... iu t 5*4 5 4
74
Monongaheia R C oal..50 \........
P referred..........
50 f 25 4
Mortgage Bond C o... luo
97 4 1024
U 103
Nat Bank ot Cuba___100 1U
National Surety........ 100 i70 200
Nevada Cons’cl Copper.5 t 19
194
3i
40
{N ew Central C o a i___2b
38
N J Ter Dock A Imp. 100
N Y Biscuit 6s 1911 .M-S 1024.
N Y Mtge A Security. 100 19u 200
”
42
45
{N e w Y
rork D o c k ___100
{P r e fe r r e d ............. 100
84 4 35 4
i>
N Y Transportation...20 l 4
Niles-Betn-Pond com. 100 140 155
Nipissing IMm e s ....... o t 30
304
4
{Ontario S a v e r ........ 10b
54
50
5i
Otis Elevator corn___10b
97 100 P referred.................100
Phoenix Securities...
Pittsburg B rew ing___50 f 304 30 v
a
52
P referred.................. 50 i 50
Pittsburg Coal Bee Stock Exch List
2\
Pope Manufacturing, luo
44
Go
70
1st preferred..........100
17
13
2d preferred ......... luo
Pratt A Whitn prel.. 100 101 104
Public Serv Corp of Va—
95
lstru g 5s Jiuy 1936 opt
974
Realty Assoc (Bkiyn)luO 160 163
Royal Bak Powd pref. 100 107 109
Safety Car Heat A Lt lOo 380 300
Seneca Mlniug
25 t ........
Singer M tg Co______ 100 480 495
10
8
St andard Cordage_ 100
_
56
60
1st M.ir.5s.’ 3i red.. A.O
20
17
Adj USt. M.5S.Ap r 1,19 31
46
SUimiurd Coupler ooinlOU 40
Preferred................ lUu 120 130
4
9
Standard Milling Co. 100
30
35
Preferred................ lo o
79
804
1st 5s 1930 ........... M-N
Standard Oil of N J ..1UU 540 545
Swift A Co Bee Boston St k Exc n’ge
1st 5s 1910-1914...J-J £103 105
46
Tennessee Copper.......25 f 44
{T exas A Pacihc Coal 10U 7 4
1st 6s 1908............. A-O £105 no
Title Ins Co of N YL.100 170 180
21
Tonapah Min (Nevada). 1 f fcU
15
17
Trenton Potteries com 100
93
98
Preierred new ___100
39
49
Trow Directory new..lU0
Union C op p er*........ 10 f
7
t
90
94
Union Tvpewr com..iOU
1st pre/erred........... 10U 117 122
2d preferred........... lo o ll<7 122
62
United Bk Note C orp..50 \ 57
64
Preferred .............. 50 t 52
95
UriiUed CigarMfg., pf. luO 93
United Copper............loo
73 4 74
90
97
Pneterred................ 100
U S. Casualty........... lo o 230
40 • • •
••#
U S Envelope com ... 100
98 101
{P referred ...............lo o
US Rub 2d pf Nee Stock Exch lLftt
U S Steel Corporation—
Col tr s 15 s ’51 o p t ’ 11 .. £112 113
Col tr s 15s ’51 uot opt.. £112 113
U S Tit G uA Indein.lOO 100 115
34
Utah Copper Co..........lo f 33
Wctttcueftier A Bronx
Title A Mort Guar. 100 1724
Wefttingh Air Brake..60 i 15? 4 160
{W est Elec A Mfg—
Con s f o h ’ 3 l Dp T2 J -J £ 97 4 99
Wmto Knob Min........ 10
7
8
27 3 4
t
Preleri ed................... 10
VVortuimr Pump prof. LuO 114 117
ar-x-rigiiuj.xEx-<uv. I N e w stock. '.jSelU on St*k E xclu , but not a very active security.
BOSTON STOCK EKGN^NO-B—Stock Teoorl, Daily, Weekly aoi Yearly
Mhare Price*—.Not Per Centum Price*
Baturaay
Nov 10
Monday
Nov 12
Tuesday
Nov 13
Wednesday
Nov 14
Thursday
Nov 15
Friday
Nov 16
STOCKS
BOSTON STOCK
EXCHANGE
Sa lee
of the
Week
Share*
Lange tor Year
1906
Lowest
H mi Lest
Lange ‘or l-*reviou*
Year n 905)
Lmoest
Highest
Kmlrondw
495 86 V J’ly 12 110 V Sep 11 77% Mas 93% Mar
100 V Atch Top So Santa FelOO
Do pref.............. 100
7 ' 98V-P1V 3 105%Jan 3, 99 V Jan 105% Sep
102 V
240 Boston So Albany_ 100
_
70 24o Sep 24 •25'V Feb 19 253 Dec 261 Apr
154 Boston Elevated...... 100
433 147 AugJO 160 Jan 1-m 152 Nov 158 V Apr
232 Boston Sc Lowell.......100
14 232 Nov l i.i 246 V Apr 2, £241 Maj 2 19 Mar
162 Boston Sc Maine...... 100
247 161 Oct 2 180 V Apr 2 17') Deo 185 V Mar
L a s t B a le 164
Oct ’06
Do pref..............100
104 Oct .0 175 V May 4 71 J an 175 Apr
6 301 Oct 31 31 4 i2 Apr 24 iU5 Jan 311 Dec
Boston Sc Providence 100
304 *2304 % *304 ........ 304 V304V
*304
27 % Boston* Wor Elec Co__
935 25 Jan 17 39% Apr 7 13 V Jan 35 51ar
28% 28
28 V 27*2 28
27 V 27% 27 V
28% 28 l4 28
L a s t S a le 80
Nov 06
Do p ref....................
72 V Jan lo 90 Apr 7 63 V Jan 82 V Apr
*
80 *........ 80 *........ 80 *........ 80
160 161
161 161 *161
157 160
706 156 Oct 27 182 Jan 12' 150 Jan 182 Mar
159 160
Chic.Tunc R y& U S Y100
125 117% J’ ly 26 127 Jan 16 123 Nov 132 Feb
120 120
Do pref
_
100
L a st S a le 187 \ Nov’06 Con Sc Mont Class 4 100
187% Nov 8 90 Mar24 1^6 Jan 189% Mar
L a s t S a le 158
Nov’O Conn Sc Pass Riv pref 100
O
153 Oct 27 163 Apr e 160 % Jan 167 Aug
285 285
50 2 65 Oct 1|298 Apr 2 285 Jan 300 Aug
Connecticut River.. 100
134 134
134 135
134
19 132 Oct 27 145 Jan 3 141 Dec 118 51ar
134 134 *134 136
134 Fitchburg pref......... 100
134 134
L a s t S a le 103
Aug’06 Ga Ry Sc Electric_ 100
_
95 a an 8 107 Apr 27 59 V Jan 92 Oct
*100 102 *100 102 *100 102 *100 102
92
92
3 90 V J’ly 2 95 Jan 2 86 Jan 96 Nov
92
92
Do pref .
100
L a s t S a le 198
Oct ’ 06 Maine Central.......... 100
197 Mar 27 198 Apr 13 175 Jan L92 Dec
19 V *19
19V
18% Mass Electric Cos_ 100
494 17 Jan 5 23 J’ne 8 13 Oct 23 Apr
*18*2 1X3
4 18*2 1S3
18V
4 19
_
*18 V 20
70% (;o%
887 59% Jan 2 75 J’ne 8 55 Nov 7u% >Tai
69
69
70 V
O
09
09
69
69*2 69% 70%
70 V
Do pref.............. TO
21% Aug22 25 * Jan 9 193* Mat 25% Dec
100
4
*22% 23 V *23% 24*6 *23*8 24*8 *22V 23*2 L a st S a le 27% Aug’06 Mexican Central
254 190 ~J’ly 11 207 4 Jan 27
1923 193
4
193 ~193
192% 193
192 V 192V 192% 192^ N Y X H Sc H art.... 100
Dec 215 % Sep
193 193
L a s t S a le 155
Oct ’ 06 Northern N H
155 Sep 2 : 163 Feb 7 16 4 Oct 167% 5fay
TO
O
L a st S a le 228
Aug’06 Norwich Sc Wnr pref! 00
228 J’ly 12 233 V MarlO 232 Jan 233 5iay
201 201
200
200 Old Colony
200 200
* 100
"
36 200 J’ly 18 210 Jan 15 205V Jan 212 Ax>r
200*2 200*2 *200 *2202
53 Sep 2. 53 V Oct 1 79 J an 102 Feb
100
*53 “ ........ *53 ........ *53 ........ *53 ........ L a s t S a le 53 V Oct ’ 06 Per© Marquette
*59
60
L a s t S a le 60
*59
61
*59
61
50 Jan 15 65 Oct 1 1 5 2V Dec 87 Feb
Nov’06
Do pref......
100
*59
01
50
50
25 47% Nov 8 64 Jan 4 50 Apr 72 Jan
Rutland pref
100
L a st S a le 98
*........ 97
*97
98
Oct ’06 Seattle Eleetrie
100
65 Jan 10 99 Oct 2 50 .Tan 67 V Aug
*101
102 102 * ........102
25 95 Jan 10 i 06 Feb20 93 V Jan 102 sep
102
Do pref
100
*101 102
184 V 185V Union Pacific...........100 4,069 139% May 2 195 Sep 4 113 Jan 151 % Dec
181% 182% 179% 180 *« 181 181*2 182%183% 184V 185
92
101 91 May 3 99% Jan 2 95 Sep 1u1% Feb
*91V 92 V *91V
92%
Do pref.............. 100
92*8 923 *92*8 93% *92*8 93V 92
a
172
172 Vermont Sc Mass
-1
5 170 Sep 2 178 Apr 4 172 Jan l SO Oct
TO
O
94
93%
94
94
93
94
93% 933
4 94
170 93 V Oct 23 101 Jan 2 93 Jan 102 Sep
93% West End St........’ ’ ’ 50
93% 94
109% 110 * 109 V 110
110 110
DL 107 Sep 1 116 V Apr 9 110 Dec 117% Apr
J
109*2 109*2 110 110
Do pref.............. 50
*109 * 110
2
L a s t S a le 27% Oct ’06
25 V May 9 2<%Oct 8 21% Jan 31% Sep
60
Oct ’05
Do ivref
100
55 V Aug 60 V Sep
L a s t S a le 150
Apr’06 W oic Nash So Roch 100
150 Feb 5 150 V Feb 16 146 Mar 151 Nov
M iscenaneous
L a st S a le 26^4 Oct ’06 Amer A grieu I Cliem xOO
21 J’ly 32 34 Jan *2 19 V Jan 29 V Apr
7
92
92
93
93
93
91 * 9 j V 91*2 93
2 L
93
260 91 May 2 102 Jan 26 86 Jan 96*4 Sep
*91*2 93
Do pref.............. 100
14
14
14
137 14
s
14
14V
13*2 133
4 13% 14
14% Amer Pheu Serv....... 50 2,5 80 11 J an 3 29 Mar 21
4 V Apr 15 Dec
30
*29% 30
30*4 293 30
31
*29*2 30
30*13 30*12 30
4
Do pref.............. 50 1,381 26 Aug 9 46 Apr 2 20 Jan 36 V Dec
133% 133% Amer Sugar Refin_ 100
133 133% 134 134
600 128 May 2 156% Jan 8 130 V Ma\ 154 V Dec
133*2 133 * 132 132*2 *132% 133
2
_
133 133V 131V 131V
23. 131 May 2 141 Jan 2% 132 Mav 140 V Aug
2
Do pref.............. 100
132*2 132*2 132*4 132*2 13 2 V 13 2 * *130 133
137 138
137*2138
137% 138
137*2 138
137 *2 138
137 V 137% Amer Telep & Teieg.100
835 128 J ’lv lu 144% Jan 17) 130*4 Dec 148 Jan
31%
28
30 *
s 29*2 30
30% 31*2 31V 32
30
31
34% Amer Woolen.......L.100 5,355 28 Nov 12 47% Jan 24: 21 J an 47 Nov
102 102V 101% 102 V 102
102%
1
101 K LUl3 101 101*2 101*4 102
i
4
Do pref.............. 100 1,726 101 Nov 9 110% Feb 2 92 V Jan 109 51ar
*4
4 H *4
i
4
4
200 3% Jan 11 4 %J’ne 7:
43» J’ne
^
4*2
3 V Mai
*3 V 4
*3 V
4 Boston Land............. 10
*4
4*2
*117 117*2 *117 117*2 *117 117*2 L a s t S a le 1 Z7% N oy;06 Cumberl Telep Sc Tel 100
115 J’ly 30 118% Mar 12 116 Aug 124 Jan
*117 117*2
25
25
580 22% Nov 13 34 Apr 3, 17 Jan 28 Dec
22% 233
4 25
26 V 25
25V
25 V
25% Dominion Iron Sc S t .....
*23*4........
8% 8%
150 5 % Jan 31 10 Aug 3
7% Jan
8*2
*8V 8%
*8
8*2 *8
8 V 8 V *8
8*4 East Boston Land...........
5 V J’ly
235 235 *233 235 *233 235
233 234
30 231 Augl3 250 Jan 13 239 Dec 257 Apr
*233 235
233V 233% Edison Elec Ilium ... 100
172 *2174
*
175% 175%
191 Jan
General Eleetrie
100
113 161 J’ly 14 184 Oct 9 169 % 51av
£57% 573
4 58
58
58
58 V 5bV 58V *58
58% 59
’ 58% Mass’chusettsGasCoslOO 1,264 44 May 3 64% J’nel8 38V Jan 51% Aug
£85
85
85
85*2 85
85*4 85 V 85 ^ 85 V
85 %
943 84% Mayl7 90 Sep 14 80% Jan S8V May
87% S7%
Do pref.............. 100
1 190 Mar'/iS 209 Oct 22 ilS5 ,T t e 206 Apr
<203
_ *205 210 *205 206
_
205 205 *203
’i
210
*203 __
3*2 3%
3 *2 3 *
2
|
125 3 Jan 2 5% Sep 17
1 " Feb |3 V Dec
*3 V
*3*2 3%
3% 3% *3 V 4%
4*4 Mexican Telephone.. 10
129
129 V 130
82 128 Sep 4 141V Apr 6 131 Dec 140*4 Apr
*129 130 *129 130 *129 130 *129 130
129% N E Telephone..........100
*2 ........
*2 *____
V
*2
* *........
2
100
2% J an
1 Feb
*
.
V
V Nov 12 1*16 Jan 15
L a s t S a le Z3V ’ Sep ’05
*........ 10 *........ 10 *........ 10 *........ 10
10 Jan 17 Jan
Do pref.. .
100
262 263 3 261 262
4
259 261
163 219 J’ly 10 266V Nov 8 230 Ma\ 258 Oct
263 263
259 Pullman Co................100
260V 260V 256
10%
8 %.Tan 10*4 Feb
10% 10% *10 ........
20 9 % J an 11 10 ^ Oct 30
*10 ........ *10 ........ *10 ........
10%
109VU 0
109% 112
109 % 110
110 113% 113V 114 Swift Sc Co................100
110 112
749 101% J’ne22 120 Sep 26 100 Dec 114 Jan
*20
23
*20
23
L a 8 t S a le 22 V J’ne’06 Torrington Class A .. 25
*20
23
*20
23
22% Jan 11 23 Febl3| 18 J ’ly 23 Jan
25 J’ly 28 2 /V N ov 5 25 Ma\ 27 Aug
*25*2 27H *25*2 27*2 *25*2 27V *25% 27 V L a s t S a le 27V N ov’06
;
Do pref____
. 25
*3 *2 4
4VNov 2
| 2 V May 4 V Aug
3 V 3%
3%
3*4 3*2
3% 3%
3% Union Cop L’d Sc Mg. 25 1,850 2 J’n e ll
4
105% 106% 106 106*4 1053 106
107
106 106V 106V 107
108% United Fruit........ il.100 1,879 103 V May 2 113% Mayl7 103 Apr 115 Feb
71
72*2 72*2 71
71% 71
72
73% 73 V 74% 74
74% Un Shoe Mach Corp. 25 3,647 70% Nov 9 86 ;e Feb l| 57 Jn e 90 Aug
29*4 29V 29 V 29V 29%, 29V
j,
29*2 29
520 29 Oct 22 325 J’ly 23 £30% Dec 34 V Aug
29*2 29% 29
29*4
Do pref......... .% 25
L a st S a le 45% Feb’06 IT S Rnhber
100
48% Feb Id 54V Feb i 34% Jan 57 Dec
L a s t S a le 108^4 Aug’06
Do pref
100
108 l4 Aug 16 L13 V J an 18 98 % Jan 117 V Apr
46
46 *
2 46% 47
46*2 46% 45% 46
46% 47% 47 V
48% U S Steel Corp..........100 14,132 32% J’ly 2 50% Oct 11 24% May 43% Dec
104 104% 104*4 104*4 105 105
105 lu5
105% 105 V
1047
8105
Do pref..*...........100 1,127 99 J’ne30 H S ^ F eb 1 91 May 107 Dec
L a s t S a le •75
95
*40 Jan 26 '75 Sep 13 *40 Mar •61 V Jan
Sep ’ 06 West End Land
9
9
8
9
8*2 9
*8
383 8 Nov 7 17 V Jan 18 11 Dec 22 V Feb
*S
9
*8*2 9
9 West Telep Sc Teleg.100
*83
84
82
82
*80
84
82
*80
84
83>2 83^
34 80 Nov 5 98^ Jan 19 90 Oct 104 Feb
84
Do pref.............. 100
Oct, ’O
A
78
73% Oct 3 86 Feb 7 82 V Oct 92 51ar
Do or of
nO
85 May24 98 Jan 11 91 May 100 Oct
L a s t s a le 9u8i
Oct ’06
Mining
6
6
4
6
6
5% 6
5% 5%
*5 V
6
6
895 5 Jan 10 81: Oct 11 |2% 51ay 110 * Oct
6 Adventure Con.......... 25
86
36*4 36
36
36
36
36% 37
36V 38V
38V
40% Allouez...................... -25 6,894 31% J’ly 19 47 Jan 6 18 Apr 49 Oct
8
109 1093 109*8 ]103 110% 112
4
110*4 UO%
111V 112% 112
113% Amalgamated CopperlOO 30,673 92 V J’ly 13 118 Feb 13 70 Jan i l l V Dec
30% 30%
29*2 29*2 30*2 30*2 *30v 31V
30% 30% 30V
|
8 J’ne 15% Dec
865 8% AuglO | 32 Oct 29
30% Am Zmc Lead Sc Sm. 25
9,5
L a s t S a le 66 % Oct ’06 Anaconda,
57V May 2 74 Feb 14 25V May 73 V Dec
6*4 65
e
7 Nov
6*2 7
7
7%
1 May
6*2 6%
7V
7
7V
8 V Arcadian................... 25 36,106 2% J’ly 13 8 V N oy16
2 *1*8 1*2 *1*8 1*2
*1%
%J’ue 5 2 Jan 3 •45 J’n’e 3 Nov
15
*1 *8 1% *1 V 1 *
1
1
IV A r n o ld ...................... 25
14
14
13*4 14
13*2 14
*13 *2 16
14
*13 V 15
957 10% May28 28VJan 6 12 V 51ay 28% Oct
14 Atlantic.................... 25
30
28*4 29
29*4 30
30V 31
29*2 30
30V 31
30V Bingham Con Min& S 50 3,968 25 J’ly 13 49% Feb 14 28 May 37 V Dec
*•60 *80 *•60 -80
*'70
90 *........ *90
•65 -65
•70
325 •45 May29 •90 Oct 13 ■50 May *95 Oct
•70 Bonanza (Dev Co)... 10
3U=2 303j 30*4 30*4 30% 30*2 31V 33 V 32 V 33V 32%
5% Jan 35 Deo
32% BostonOonC&G(rets) £-1 10,840 20% Marl5 35% Oct 11
36
36
347 36
S
15
25 J’ly 13 42 Oct 4
36 V 36% 36% 37
37 Butte Coalition
153 155
153 155
150 ~152
155 155 ' 164V155
164
155 (!a muiet rfe Ariz____ 10 2,099 107 J’ly 14 159 Nov 8
864 865
865 870
865 865
865 870
875
865 870
875 Calumet Sc Hecla_ 25 '127 675 May 2 880 Nov 7 601 J^ne 720 Dec
_
29 ^ 30
28*4 29*2 29 V *9*4 29 V 29%
29 V 32 V 32
32% Centennial................ 25 25,606 ; 17 V J’ly 13 32\ Novi 6 16% Mar 34 % Oot
•52 -52
•52 -53
*‘52 °53
•53 -53
V J’ly 7 •70 Jan 2*z *30 Mar *75 51ay
*•52 -53 *•52
•53 Cons Mereur Gold... 5 3,860
81
81
81*2 81V 82
813 82% 80
4
82
83
82V
82'% Copper Range Con ColOO 6,832 66% J’ iy l3 86 V Jan 20 64 Jan 85 V Deo
20
19*2 19*2 19*2 193
4 19% 19%
20
19V 19V 20
20*4 D aly-W est................ 20 1,458 14 Mar 19 20% Oct 29 11V Mar 22 Nov
*61
62
61V Oct 25 84 Feb 13 60 Jan 86% Mar
L a s t s a l ( 6 1 V Nov’06 Dominion Coal
100
115 115 *115 ........ *116 ........
* il5 ........ *115 ........
Do pref____
100
i o 115 Nov 7 122 Mar 19 113 Jan 120 Dec
4 2
2 May 4 Oct
*1% 2
*1*2 2
13
4 13
4 * 13
565 IV J’ly 31 23 Jan 12
4
1% 1%
1%
1% Elm River................. 12
s
21*2 21V 21% 2 i
21*4 21*4 203 20% 21
22
8 Apr 20% Oct
21V
2 2 * 4 Franklin.................... 25 4,100 14 V May 2 2b V Sep 27
12% 12%
13
13** I23 13
4
5 Jan 10% Dec
13 ,13V
13% 13V
13% Granby Consolidated. 10 2,105 9% Jan 17 15 Oct 9
13V
q
25*4 263
4 247 25% 25V 25% 25% 26% £26
26% 26V
26% Greene Consolidated. 10 17,567 19V J’ly 12 31% Apr 16 20% J’ne 32% Dec
*4% 6
5*4 5*4 416ie 5
7 V Apr
*4*2........
3 Jan
410 4VJan 5 7% Jan 18
6 Guanajuato Consol.. 5
*4 V 4% *4%
23
23
22
22*2 21*2 21%
23
23
22 V 22 V *22
23 Isle Royale (Copper). 25 1,275 15 V J’ly 14 29%Jan 6 17 V May 2S% Jan
*8
8*4
8
8
8
8
6 May 13 V Max
8D5 6% J’ly 14 12% Jan 13
8% Mass Consol.............. 25
8V 8 V
8V
8V 8 V
*........ *75 *........ -75 %...... *76
1 % ,T
an 4 *70 J’ne 1% Oct
•70
*........ -75
95
100 •40 J’ne27
*•50 *75
•75 Maytl ower
14.3c
13
23% 13V 13V
133<j 13% 13%
10,261 13 Novl3
is
is
17
17*2 17*8 17% 17V 17V
17 V
17% Michigan................... 25 3,331 10% J’ne22 18% Nov 5 10% Jan 18% Dec
17V 17V
66*2 66*2 66*2 66*2 66*2 67
67
67
607 54 V Mar 5 69 V Oct 11 48 May 64% Dec
67
67
68V
69 Mohawk.................... 25
2
2
*2
2*4
2
2
2 J’ly
6% Dec
2
2 Mon tana Coal Sc Coke 25 3,340 115ig Nov 14 7 V Feb 13
1*516 2
2
2
19% 19% 19% 19% 20
*20*4 20*2
20% 19% 20
19% Nevada Consolidated 5 2,975 11 Jan 26 23^ Oct 9 10 V Dec 13 Deo
19V
u i m 5 1083 111
s
4
110 110% 110%113
111%112% 112
112% North Butte.............. 15 9,945 74% Mar 6 117 V Oct- 31 34 Aug 93 Deo
o Old Colony................ 25 2,312 •70 J’ly 17 2 N ovi 6 •75 May 2% Oct
*1
1%
1
1
1%
1%
H
1% *1
1% 1%
58*2 59*2 57*2 59
673 58V 56% 58V
4
55V 58% 66%
57% Old Dominion........... 25 17,817 33 J’ly 13 66% Oot 24 23 V May 36 V Dec
125*2 126*2 125 126
125 125*2 126 V 126 V 126 128
128V 129 Osceola...................... 25 2,535 93 Mar 7 130 Oct 9 88 Feb 115 Oct
*........ 27
25
25
25*8 25*2 25% 25% 26
26% 26%
26% Parrott (Silv & Copp) 10 1,130 22% J’ly 14 48 Jan 2 22 J’ne 47 Deo
1
1
1
1 *........
1
25
1
1 *
1%
85 •60 MaylO 1 V J an 4 •50 J’ne 3 V Jan
1%
1% phnpinix Consol__
102 102
100 100
100 100
102 102
785 80 J’ly 16 114 Jan 11 95 Maj 118 Jan
99
100 101
100 Quincy....................... 25
4*2 4*2
4*4 4*2
IV May 8% Oct
4V 4*2
4
4%
985 3V J’ly 16 8% Jan 19
4V 4V
4V
4 V Rhode Island............. 25
1 V Ma)
3*2 3*8
3 Jan
3 H 39ie
i
' f t 316le
3% 4V
4
4%
3%
4% Santa Fe(Gold& Cop) 10 20,289 1% J’ly 26 4% N oy15
15 % 16
15 * 16
4
15% 16
9 Jan
6% Feb
15% 16% 16
16% Shannon.................... 10 10,340 5% Jan 10 17 V Oct 25
16V
16V
*........ 100
*........100
k ........100
100 100
170 90 J’ne 9 122 Jan 2 101 May 140 Mar
100
*98 102
101 Tamarack................. 25
143 143
4
4 14% 14%
2 Feb 16*4 Oct
14% 15
*14*2 15
14%
15% Tecumseh................. 25 4,120 9 Apr 28 16% Oct 18
14V 15
40 May 2 52 Jan 6 24% J’ne 53% Deo
■ Tv
N n ’nfi
45
io% i i
4
7% Jan 13% Feb
\l% 11% 103 11*4
ii
iiv
11
11
11V
11V Trinity....................... 25 3,275 7% J’nel9 12 V Apr 5
72
9 Mar 75 Deo
71is 72*8 70
71*8 72
71 % 72% 71% 72
72%
74 United Copper..........100 4,385 57V May 2 78 Feb 7
" T tt’O
Na R
De pref
100
88 Jan 9 111 Feb21 74 V Nov 88 Deo
WO
10
10
10
10
10
10
10
10
9 V Apr 13% Dec
9% 9%
9%
9% Unit States Coal ScOil 25 1,094 9 V Sep 8 14% Mar30
63
63
62% 633.
61*2 62*2 62 V 63
62 V 63
62*nt
6 095 51 Mar 5
45
45
Do pref
__ . 50 2,193 43 Mar 5 47% Sep 17
44*2 443
4 44% 44%
44% 45
45
45 V 45V
61
62*4 62% 63*2 63V 64V
62*2 63
63% Utah Con (G old)....... 5 15,871 52 V J’ne28 69% Jan 12 39% Mar 58% Nov
63 V 64
63V
6*2 6*2
6 * 6*2
2
6
6*2
568 6 J’ly 13 9 V Marl 4 o2 May t7 V Oot
6% 6%
6V 6V
6 % V ictoria.................... 25
6V
*9*2 10
10
10
7 V Dec 15 V Feb
9
9
9
9%
11 Winona...................... 25 1,530 4 J’ly 3 13 V Oct 9
9V • j
9V
159*2 160
159 159 *159 V 160
158 158
479 131 Jan 80 160 Aug31 105 Jan 134 Deo
160 160
160
160 W olverin e................ 25
1*2
1*2
1% J’ne 2% Feb
945 •70 J ’ly 19 2 V Oct 10
1*2
1 *2
*1V 1 1
* 2 ♦IV IV
*1V IV
IV
1% Wyandot.................... 25
« Before pay’t of assess* ts called in 1905. clBefore pay’t of ass’ts called in 1904. *Bid and asked, RNew stock, tA s s ’tpaid, t Ex-rights. a Ex-div. & rights
—
*
yi :
f
r.
cn
.r
97*2 974
*98V 08^
101*4 101*4
102 102
*241 % 242
2413 242
4
164 154*4
* ........236
*........235
161*2 162
101 *3 102
98*8 98*8 98% 98%
101*8 102
101V 101V
*240 240 *240 242
154 154*4 154 154V
*232 235
*........235
161 *2 161 *2 161*2 l 62
99V 99%
♦101 V 102V
240 241V
154 154
v........285
161% 162
99%
♦101V
240
154
232
162
1221
Boston Bond Record
NOV. 17 1906. |
I'Tice
firiaay
A'ov 16
4~
27
BOSTON STUCK
ii v* i
WKkK r.MilJUi NOV 10
Am Bell Telephone 4*. . 190s J - j
Am Telep A Tei coll u 4s.l92d J - J
Am Writ Paper 1st s i 5 s 1910 J - J
Aten A .Nol'iadKa lsi 7a ..1908) VI-S
AVOh row A c t e «eu u 4a..l903| A O
'
Y
Adjustment u 4s_ J’ly 19951 N O
_
Boston K u d iJiuLu 1st Os. 190 > 9 S
>
Coiisoi 5s......................... 1924 M-S
Boston A l.owe1 4s..........1907 J-l>
1
4s...................................... 19 16 J-J
Boston A Maine 4 V "........ 1**44 J-J
Boston l erimuai 1st 3 vs.194 . F-A
Bur A Mo Kiv ex 6s..........191> J-J
Non-exempt tls............... 1918 J-J
Sinking Uiiul 4s..............li)10 J-J
Butte & Boston 1st 6s___1017 A-0
Ceitar Rap A Mo R 1st 7s.1916 M-N
2d 7 s ................................. 1909 J - 1)
Cent Vermt 1st a4s..Mayl92o Q-F
CBtfe ^ lowa Div 1st 5s.1919 A-O
Iowa Div 1st 4 s .............. 1919 A-O
Debenture 5$...................1916 M- .\
Denver ex ten 4s........... 1922 F-A
Nebraska Exten 4 s .......1927 M-N
B A i> \ s i 4s................. 1921 M-S
\
Illinois Div 3 Vs..............1949 J-J
Joint oonils See 641 Northern
Chic Jo Ky A Stk Yds 5s .1916 J-J
Coll trust refunding g4sl94o A-0
Ch Mil A St P Dub D 6s.. 1920 J-J
Cli M A St P N is V div 6S1920 J-J
Y
Chic A No Midi 1st gu 58.1931 M-N
Cliic A W Midi gen 5s___1921 J -D
Concord A Mont cons 4s.. 1920 J-D
Conn A Pass It 1st g 4 a ...1943 A-O
Current Kiver 1st 5s........ 1927 A-O
Det Dr Rap A \V 1st 4 s... 1946 A-0
Dominion Coal 1st s 1 5 s..1946 M-N
Fitchburg 5 s ...................... 190." M N
4 s ........‘............................. 1915 M-S
4 s ......................................1927 M-S
Fremt ELk A Mo V 1st 6s..1933 A-O
Unstamped 1st 6s..........1933 A-O
G tN or C B A Q coll tr 4s 1921 J-J
Registered 4s...................1921 Q-J
Weed's
Bange or
Last sale
liO i\ D >
AU/K/r
since
3
3
J a n u a ry t
Bui
A sk Ia>w
Uiytx At- Low ti igfi
>
98 Sale
97 V
9-*4 • • 97 V 100
91 Bale 90 V
3- 89 V 95
91
.................. 1Jft5 May’06
1|85 V H8V
.,
104 Mar i 0 . 104 1041
,
i o o v io o v U)(-*s lO d1 10 99 V ^10.1V
9 1 V ........ 92 V
92 V 5 92 V 97
............
108 V ........
..............
99 V ........
123*4........
86 V Sale
100
........
92
........
110 Feb *0-1
104 V Apr ’ 00
10 L S e p ’ 06
114 Mar’ 06
112 V J an '95
108 V 103 V
102 Sep ’05
99V Oct ’06
100 J’na’ ui
123*4 123 V
111*8 J’l y ’05
86 V
86 *
109 May’05
101 Aug’06
102 V J ’ly ’06
100 Oct 06
102 V J’ne’uB
99 J ’ly 06
92V
92V
_ 101
_
. . . 111
1(>1«8
114
1 l o7 V 111 '.j
i
....
.... 99 * *99 V
1 L23 V 123*4
4 ”S0V *9*6”
100 101
102V 104
99 100V
_ 1u278 105 V
_
97 V 995g
1 90 V 94 V
103V 104 103V 103V
1 103 V 107
97
97 Sale 97
4 97
99V
122 A p r’ 06 .... 122 124 V
126 F eb ’05
100 ........ 103 Aug’06
L03 103
101 ........ 101 Oct ’u6
101 105
lu 1*4 J’ne’06
I uIV IO IV
112 V Jan ’03
100 J ’ne’06
100 106
90 ........ 92 Sep ’06
90
97
98 Sep ’06
98 101
103 V Sep ’05
103 V Apr ’ 05
100V Oct ’ 06
99V 102 V
____ ___ . 134V 134V
i 134V 137V
140 A p r’ 05
98 Sale
98
* 98V 32 96 V 10IV
98 ........ 97V
96V 101V
97V
1
Illinois Steel deben 5s___1910 J-J
Non-convert deben 5 s ... 1913 A - 0
la Falls A Sioux C ist 7s.. 1917 A O
Kan C Clin A Spr 1st 5 s ... 1925 A O
Kan C Ft S A Gull 1st 7s.. 190S J-D
Kan C Ft Scott A 51 6s_ 1928 M-N
_
Kail C M A. B gen 4s..........1934 fVl-S
Assented income os.......1934 M- S
Kan O A 51 Ry A Hr 1st 5sl929 A-O
K tm CStJo A C B 1st 7 s .. 1907 J-J
Maine Cent cons 1st 7 s ...1912 A-O
Cons 1st 4 s ......................1912 A - 0
Maro Hough A Out 1st 6s. 1925 A-O
Mexican Central cons 4s.. 1911 J-J
1st cons inc3s......... Jan 1939 J’ly
2d cons mo 3s......... Jan 1939 J’ ly
Mich Telep 1st 5 s............... 1917 j - j
Minue Gen Elec con g 5s 1929 j . j
New Eng Cot Yarn 5s___1929 F-A
New Eng Teleph 6s..........1907 A - 0
6 s ......................................1908 A - 0
5 s ...................................... 1915 A -0
New England cons g 5s... 1945 J-J
Boston Term 1st 4s.......1939 A - 0
Old Colony gold 4 s ............ 1924 F-A
Oreg Ry A Nav con g 4 s .. 1946 J-D
Oreg Sh Dine 1st g 6s.......1922 F-A
Repub Valley 1st s f 6 s ... 1919 J-J
Rutland 1st con gen 4 V s .1941 J-J
Rutland-Canadian 1st 4s 194 9 J-J
Savannah Elec 1st cons 5s. 1952 J-J
Seattle Elec 1st g 5s........ 1930 F-A
Ferre Haute Elec g 5s___1929 J-J
Xorrington 1st g 5s..........1918 M-S
Union Pac K R & l g r g 4s. 1947 J-J
1st lien conv 4s............... 1911 W
l-N
United Fruit conv gen 5s. 1911 M-S
U S Steel Corp 10-60 yr 5 s.1963 M-N
West End Street Ry 4s___1915 F-A
Gold 4 Vs...........................1914 M-S
Gold debenture 4s..........1916 M-N
Gold 4s..............................1917 F-A
Western Xelepli A Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
Wisconsin Valley 1st 7 s ..1909 ! J-J
N ote—Buyer pays accrued interest in addition to the purchase price tor all Boston Bonds.
Week's
thrice
Friday
Hov . 6’
BOSTON STOCK KXCH’ GK
W kkk Kndinu N ov 16
101 Salt'
122 V
98
i ’l8 V iY o "
.* *93**
100 V
80
24
100
120
81V
26
Sale
103
103
106
105
106V
lod v
100 m ........
100*4 ..... .
lOu
Hi uh .\u Low
A sk Low
Bid
100 ‘
Mange
Since
January 1
Mange or
Last Sale
Sale
100
*8 100
High
101V
101
L01
101V
O
122 *k 122 V
122 V Nov’O
.............
97 V Sep ’ 06
97 V 100
102 V 102 V **i 102 V 106
119 Nov’O
11 7 v 123 V
O
95 V i 95 V 99 V
95 V
93 Oct ’ 06
94
92
101 J ’ly ’06
100 104 V
10(1*1 Sep ’06
100 V 102 V
115 A p r’06
115 115
101*4 Sep ’ 05
118 iviay’04
80V
75V *4
80 V
26 V Oct ’06
19 V 26 V
17V Aug’Oo
100 7 Oct ’06
e
102 V Aug’04
99 V 100
100 O c t ’06
100V Oct ’06
106V A p r’u6
1 0 1V Sep ’ 06
H02V Jan ’05
712LV 5tar’06
w
103 Jan ’O
107 V Nov’Uo
102 M ai’02
98 V May’06
104 Oct ’06
102 Dec ’05
100 Jan ’06
7103 V Nov’06
7150 V A pr’06
105
106*4
797V 797 V
100 V Sep ’06
103 J ’l y ’06
102V Jan '06
101V Nov’ 06
100 V
100
1194 V Sep ’05
109 V Aug’ Oo
" N o price Friday; latest bid and asked.
97
100
1U0V
104
100
10 LV
10IV
107
L01V101V
7121V 7121V
103 103
98
98V
103V 109
100 100
102 V 7104V
7150 V 155
105 1-12V
1196 7100V
100*8 102V
102 s. 103 V
102 V 102 V
100 M 102 V
99 V 103 V
lj Flat price.
PMladelphia and Baltimore Stock Exchanges—Stock Record, Daily, Weekly, Yearly
Share l'rice s —
-Not P er Centum P rices
Satv.raay
Nov 10
Jj onaay
L'OV l'A
7 1tesday
Nov j.3
107 V 168
103 103
I t 8 108
24
*24
*24
r
%
*
53
53
53
15 V 15V ' 15 V 16 V *15*8
51V 51V
37 V 37 V
l i V 11V
7
7
*16V 17
* 107 V 109
*79 V 80
IV
IV
69 V 69 V
*49
49-<
8V « ioie
25 V •^5V
72710 73 V
46
*45
*47
48V
64V 64V
96V 97
'16 V 17
'lu 7 V 109
77
78V
2
IV
68 V j
S15!©
<i9
49
8**16 8 V
24V 2uV
71
72
'45
46
*47
48
64V 64 V
95V 96V
52
52
37V 37V
11*4 12
52
52
37
37 V
11*4 u V
Wetcnesaay
Nov 14
Thursday
Nov 75
108 108*4
24 V 24 V
*80
82 V
*52
53
15V 15V
*15 V 15 V
*51 V 52
37V 37V
11V 12
*51V 52
37V 37V
12
12
16
16
* 16 V 17
*16 V 17
105 107 V 105 V 105 V 105 V 105 V
79 V 79 V
78 V 79
78V 79 "i
2
2V
2V 3 V
2V 3
63 V 09 V
69 V 69 V e 697i6 69V
43 V 4 8*48V 49 *
4
49 V 49*4
8*1 is 8V
8V
sV
8V
a®
4
25
25
25
25 V
23
24V
71V 72 V
72*4 73
73 73**16
*45
*45
46
45*4 *45
45 *
4
*47
48
47 V 47 V *47*4 48
4
64
64
64*4 64*4
64*4 64 *
96V 97
96V 96V
96 V 97 V
Inactive mocka
Allegheny Valpref_ 51
_
American Cement.......10
Amer Gas of N J.......100
Bell Teiepnone........... 50
Cambria Iron...............50
Central Coal < Coke. 100
fc
Consol Trac of N J...1U0
Diamond state Steel.. 10
Preferred..................lo
Easton Con Electric o.b0
Elec Storage Balt___loo
Preferred................ loo
Ft Wayne JeW V ...... 1U0
Germantown Pass...... 50
Indianaj»olis St..........loo
Indiana"Union Tr___100
Insurance Co 01 N A .. 10
Inter sm Pow & Cbeiu.5o
Keystone Telephone ..50
Preferred..................50
Keystone WatchCase. 100
Lit Brothers................ lo
Little Schuylkill..........5o
Minehill A Schuyl H..50
N Haven Iron < steel.5
fc
Northern Central........50
North Pennsylvania..50
Pennsylvania salt...... 50
Pennsylvania Steel.. 100
Preierred................ luo
Phila Co (Pitts) pref...50
Phil German Norris.50
Phila Traction............. 50
Railways General.......10
3usqueh Iron < Steel..5
fc
Tidewater steel..........lu
Preierred........ 7. ..lo
Tonopah Mming of Nevi
Union Tr 01 Ind........ lot
United N J RK<fcC..IUo
Unit Trac Puts pref..50
Warwick Irou<fe Steel.lo
West Jersey & seaSh.5o
Westmoreland Coal_ on
_
Wilke^ Gas
E»ec..lu«
B id
A sk
B id
F H lixA D E L iF H iA
B onds
10V
lo v
104 V
51V 5 i V
48
4bV
77V
V
T f
1ie
V
34
73
........ ........
::::::
22K 23
16
17
2K
3
io n , ......
114 115
101
48 k 19
U
7
Z1
97V,
‘”3
20 V 20 V
*“ b ” 6V
:V
61
60
9u
9UKi;
......
A1 Val E ext 7s 1910 A-0
Alt <feLYElec 1 Vs’ 33.F-A
A m R ysconv5s 1911. J-D
Atl City 1st 58 g ’ 19.M-N
Balls Ter 1st 5s 1926. J-D
Berg&EBrw 1st 6s’21 J-J
Bethle Steel 6s 1998.Q-F
Che& D Can 1st 5 s ’ 16 J-J
Choc<fe Me 1st 5s 1949 J-J
Ch Ok & G gen 5s ’19 J -J
Col St Ry 1st con 5s 1932
Con Trac of N J 1st 5s.’ 33
E A 1st M 5s 1920 M-N
Elec < Peo Tr stk tr ctfs
fc
Eq 11 Gas-L 1st g 5s 1928
H
B Top con 5s ’25 A-O
Indianapolis Ry 4s. 1933
Interstate 4s 1943 ..F-A
Lehigli Nav 4 Vs ’ 14.Q-J
RRs 4s g
1914 Q-F
Gen M 4Vs g.l92 4 .Q -I
Leh V C 1st 5s g ’ 3 3 ..J-J
L ehV ext 4s 1st 1948. J-D
2d 7s 1910...............M-S
Consol 6s 1923.......J-D
J-D
Annuity 6s........
Gen cons 4s 2UU3.M-N
Leh V Trac 1st 4 s’ 29.J-D
New Con Gas 5s 1948 J - D
Newark Pass con 5s 1930
N Y Ph < No 1st 4s ’39 J-J
fc
Income 4s 1939...M-N
NoOhioTrac con5s’19.J-J
No Penn 1st 4s ’ 3 6 ..M-N
Penn gen 6s r 1910.. Var
Consol 5s r 1919...V ar
Penn A Md Steel con 6h.
Pa & N Y Can 5s ’39.A-0
Con 4s 1939........... A-O
Penn Steel 1st 5e’ 17 M -N
People’s Tr tr certs 4s ’43
P Co lstdb col tr os’ TJ M-s
Con A col tr 5s 1951.M-N
Plnl Elec gold trust cthi.
Trust certifs 4s.............
* B u i and ask ed p ric e *; no sa le s on th is d ,y.
* E x -n g k t s .
Baltim ore
Consolidated Gas_____ 100
Northern Central........ 50
Seaboard (n e w ).....___100
Do 1st pref........... 100
Do 2d pref.......... .100
United Ry < Electric.. 50
fe
Fhilatlelphia
*52
52*4 American Railways___ 50
37 V 37V Cambria S teel............... 50
11V l i v Electric Co of America 10
*7
8 Gen Asphalt tr c t l s ___100
32
*31
Do pref tr ctfs .. 100
16*4 16*4 Lake Superior Corp___100
105 106 Lemgh C & Nav tr ctfs. 50
79 V 79 V Lehigh Valley............... 50
2 V 3 Marsden Co................... 100
69 V 7o V Pennsylvania RK ........ 50
48V 48V Pluladelp’ aCo (Pittsb). 50
S**i6 8 V Philadelphia Electric X. 25
22 V 24 Phila Rapid T ransits._ 50
73*4 74*316 Reading........................ 50
*45
Do 1st pref............ 50
45 V
*47
Do 2 d p ie f............. 50
48
63Ts 64 Union T ra cton ............. 50
97
97*4 United Gas Iinpt.......... 50
30 Welsbach C o ................ 100
*28
—
FH11.ADEL.FU1A
Sales
of the
(F o r B onds and Inactive Week
Stocics see below)
Shares
Friday
A ov 76
107 V108 V *107*4____
24 V 24*4
24
24
15 V 15V
Mange for Year
1906
A C T IV E S T O C K S
98
lO iV
105
—
105V
107 V
98 V
106V
105V
67V
112
1*23
151
97 V
A sk
iu T ’
118” j
........ I
ib is
L07
101 7f- 102
99 V
72^1
72
| * 7 .5 u paid,
|
$ $ 1 0 paid.
Highest
188 50V Sep 10 54 Jan 27
2,500 30V Jail 5 39 V Sep 10
4,466 11 May 9 12 S J an 10
2
100
7 Nov 10 14 J an 4
32 Nov 3 48 Jan 19
57 16 N ovl4 23 V Jan 15
1,077 101*4 May 2 118 Jan 19
3,181 65 May 2 86 J’ne 8
17,526 i7io Oct 8 3*°ie Jan 10
9,942 61 v J ’ly 3 73**10 Jan 22
172 47 A p r20 a54 ^ Mar26
4,243
7 V J an 11 93i6 Oct 17
28,604 222V N o v i6 §34.a Jan 2 t
4
7 2,2 JO 56l4 May 3 83 Jan 23
4 43 V Apr 16 47ioi8 Jan 23
25 447 May 2 51 Jan 23
8
1,079 61V Mar28 65 Aug2 *
| 2
21,209 ^ 8 l ^ May 16 101 Feb 15
29V Antrl4 32 Mar 1
48 Jan 54 V Apr
243 May 32 Deo
4
10 V Jan 12 V Feb
8 V Dec 17*4 Jan
36 Nov 49 Jan
14 V May 25*4 Mar
100 V J’ ly 123 V Nov
52 V Jan 90 V Nov
2 7 Dec
8
5V Jan
6513i0 May 73 V Aug
40V Jan 55 *4 Nov
8 J ’ne 12 V Apr
117V Jan £36 Apr
39 V Jan 7113ie Nov
45 May 47 Aug
42 J an 50 V Nov
58 V Ma: 63 V Oct
90 J ’ lie 125 V Apr
20 •Feb 31 Nov
Bonds
AnacostiaA P ot5s..........
Atl A Ch 1st 7...1907 J-J
Allan C L KR4sl952M-S
Atl Coast L(Ct)ctfs 5s J-D
Ctls of indebt 4 s...... J-J
6-20 vr 4s 1925........ J-J
BaltCPass 1st 5 s’ 1 LM-N
Balt Fundg 5 s.1916 M-N
Exchange 3 Vs 1930 J-J
Balt A P 1st 6s m i ’ l l A-O
Balt Trac 1st 5a.. ’29 M-N
No Balt Div5a 1942 J-D
Convertible 5s.’06 M-N
Cent’ l Ry con5s 1932 M-N
Ext A Imp 58.1932 M S
92 J’ne20
10 8 V Nov i 4
32 Jan 17
Lowest
62 VJ an 5
19 Jan 15
P H IL A D E L P H IA
r £ 1 5 paid.
H ighest
83 Ma\ 90 Apr
99 May 110V Sep
21V Jan 34 Dec
83 Mai 9 i V N 0v
47 7 Jan 64 Dec
8
12 V Apr 18 Mar
82 J’ne 7
579 97 J’ly 3
735 24 Nov 9
85 Sep 20
53 V Oct 30
210 14 V Sep 13
P & E gen M o g ’ 20. A-O
Gen M 4s g 1920..A&O
Ph & Read 2d 5s ’ 33. A-0
Con M 7s 1911.......J-D
102
Con M 6s g 1911___J-D
Ex Imp M 4s g ’47. A-O
Terminal 5s g 1941.Q-F
107
119 V P W A B col tr 4s ’ 21. J-J
Portland Ry 1st 5s 1930.
Rock RyA L con 5s ’54J-J
U Trac Ind gen 5s’ 19.J-J
'
Un Rys Tr ctfs 4s’ 49JAJ
..........
U Trac Pit gen 5s ’97 J-J
Welsbach s t 5s 1930.J-D
98V Wlks-B GAE con5s’55J-J
BALTLUO RE
Inactive S tock s
Ala Cons CoalA Iion.100
P r e i..........................100
Atlanta A Charlotte. .100
Atlan Coast Line RR. 100
Atlan Coast L (Conn) 100
Canton Co..................100
Cons Cot Duck C orp ...50
P referred..................50
Georgia 8ou A Fla. ..100
1st pref................... luo
97 V J 2d pref.....................100
G-B-S Brewing..........100
........ ........ |
Lowest
Mange for F revioui
Year (1 9 0 5 )
Asfc
B A L T ld iO H K
. . . . . . 111*4 Clias CityRy ls t 5 s ’ 23 J-J
—
.......... Chas Ry G A El 5s ’99 M-8
Chari C A A ext 5s.’ 09 J-J
113 1U
2d 7s...............1910 A-O
110 .......... City A Sub 1st 5 s.. ’22 J-D
.......... —
City A Sub( W as)lst 5s’48
121
Coal A 1 Ry 1st 5 s ’ 2UF-A
10IV 102
Col AGrnv 1st 6s.1916 J-J
------- .......... Consol Gas 6 s... 1910 J-D
.......... .. .. .
5s..................... 1939 J-D
97
Ga A Ala 1st con 5s ’45 J -J
85
G aC arAN 1st 5s g ’ 29 J-J
112V ........ Georgia P 1st 6 s ...’22 J-J
74 V 75
GaSo A Fla 1st 5s 1945J-J
........ ........ G-B-S Brew 3-4s 1951M-S
2d income 5s 1951 xY -N
L
Knoxv Trac 1st 5s ’28A-0
LakeR El 1st gu6s’ 42M-S
55
65
MetSt(W ash)lst58’25F A
91
95
Mt Ver Cot Duck 1st 5s.
175
In co m e s........................
......
N ptN AO P 1st5s’38 M-N
325 350
General 5s_ 1941 M-S
_
90
93
Norfolk St 1st 5s ’ 44.. J-J
12
13
33
33 K North Cent 4 Vs 1925 A-O
j
Series A 5s 1926___J-J
32
40
Series B 5s 1926___J-J
97 100
Pitt Un Trac 5s 1997.J-J
80
85
Poto Val
1941..J-J
8
8V Sav Fla A1st 5s 5s ’ 34 A-O
West
Seaboard A L 4s 1950 A-O
Seal) A Roan 5s 1926.J-J
102 V 103
South Bound 1st 5s..A-O
102*;
U El LAP 1st4 Vs’29M-N
y ; v 98
107
U R yA El 1st4 s ’49 xM
11
-S
Income 4s 1949........T-D
89
90
Va Mid 1st 6s 1906..M-S
103 103 -.
2d series 6s 1911... M-S
3d series 6s 1910..M-S
10J ID>
4th ser 3-4-58 1921. M-S
100 lu l V
....
5th series 6s 1926.M-b
Va (State) 3s now ’32.J-J
114 lid
Fund debt 2-3s 1991 .J -J
116 118
West N C con 6s 1914 J-J
111 113 V Wes Va CAP lHtOg’ l l J-J
Wil A Weld 5 s..l9 3 5 .J J
110
B id
$ $ 2 0 paid.
a R e c e ip ts.
0 £ 2 5 paid.
Bid
105V
93
115
109 V
109
1 L3 V
104
112
106
109
109 V
109V
1201
111 V
58 V
33
105
115
115
82V
A sk
94 V
114 V
104 V
113
106 V
L10
109 V
110
58 V
33 V
83
95
60
109
108
115
115 V
103
115
114
82*8
116
110
92 V
88 v
69
111
94
89
69 V
. ___
108
1 1l
1 10
109 V
91
95**
II I
107 V
116*4
100
. -•
117
82 V
. -*m
m
m
- ••••«
96
96
113
107 V
118
1222
[V ol . L i m n
THE CHRONICLE
miesinxetit and Railroad intelligence.
RAILROAD
GROSS
EARNINGS.
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
can 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. T h e r e tu r n s o f th e street r a ilw a y s a re b rou g h t to g eth er s e p a r a te ly o n a su b s e q u e n t p a g e .
Latest Gross Earnings.
J u l y 1 to Latest Date.
Week or
Month.
.
Current
Year.
Previous
Year
Current
Year.
Previous
Year.
$
roads
$
%
$
1,044,439
476,756
503,618
21,293,597
706,589
363,787
5,706,345
20,803,783
685,755
18,602
14,346
3,031,668
431,740
682,862
2,799,100
26,705,187
4,220,071
6,807,226
56,182
6,273,478
6,109
3,284,017
3,533,538
2,132,610
858,630
378,312
324,450
18,695,446
664,678
276,573
5,195,474
18,714,72 2
551,282
20,094
• 16,348
3,371,374
382,782
717,905
1,803,100
21,303,484
4,056,112
6,479,903
46,322
5,743,179
5,372
3,032 277
3,152,581
2,142,766
Ala Great Southern — See Sout hern Rail way.
Ala N O & Tex Pac.
283,803 283,706
N O & N East___ October _.
131,685
104,959
Ala S Vicksburg. October __
c
89,209
Vicksburg Sh Sc P October _ _ 138,822
fcAtch Top & S Fe__ September 7,401,424 6,669,746
343,050 318,192
Atlanta S Chari — A u g u s t---c
120,909
95,513
Atlan Blrm & A tl’c_ vSeptember
Atlantic Coast Line September 1,958,388 1,892,798
Baltimore & Ohio__ September 7.077,897 6,547,806
259,262 202,058
Bangor S Aroostook September
c
5,250
5,198
Bellefonte Central - _ October __
4,287
4,049
Bridgeton & Saco R vSeptember
172,142
Buh Roch & Pitts. ~ 1st wk Nov
173,669
149,154 139,529
Buffalo & Susq------ September
192,053 173,108
Cal -Northwestern- _ October __
160,900 114,500
Canadian Northern. 1st wk Nov
Canadian Pacific_ 1st wk Nov 1,496,000 1,302,000
_
Central of Georgia. _ 1st wk Nov 245,400 251,100
Central of N Jersey. September 2,149,657 2,159,759
3,003
2,473
Chattan Southern._ 1st wk Nov
Chesapeake & Ohio. September 2,144,476 2,000,285
3,142
c
Chesterfield S Lane A u g u s t_
_
2,853
Chicago & Alton Ry September 1,111,463 1,045,340
165,209
164,704
Chic Great Western 1st wk Nov
164,230
Chic Ind & Louisv. 4th wk Oct 170,729
Chic Ind Sc Southern — See New York Cen tral.
Chic Milw Sc St Paul September 5,467,863 5,261,887
Chic Sc North W est. September 6,148,305 5,766,337
Chic St Paul M S O . .September 1,279,338 1,278,848
c
35,488
Chic Term Tr RR__ 1st wk Nov
35,219
Cin NO & Texas Pac — See Sout hem Ra ilway.
Cincinnati Northern — See New York Cen tral.
Clev Cin Chic Sc St L — See New York Cen tral.
Colorado Midland. _ September
232,510 187,437
h Col S South Sys__ 1st wk Nov
c
270,152 244,338
Col Newb Sc Laur. _ September
23,440
25,087
68,496
Copper R a n g e------- July _
61,173
13,602
20,050
C o rn w a ll_________ September
42,761
35,079
Cornwall Sc Lebanon September
_
Denver Sc Rio Gr_ 1st wk Nov 422,900 411,800
23,068
19,676
Detroit Sc Mackinac 1st wk Nov
83,438
85,659
Det Tol Sc Iront Sys 1st wk Nov
Dul R L Sc W innip. September
29,253
17,028
63,176
60,012
Dui So Shore Sc A tl. 1st wk Nov
E r i e ______________ September 4,441,679 4,431,612
Evansville Sc Ter H —Bee Rock Island S ystem.
1,206
Fairchild & N E___ September
2,150
Fonda Johnst Sc Gl_ September
248,322 261,062
Georgia R R _______ September
Georgia South & Fla — See Sout hern Rail way.
Grand Trunk Sys__ 1st wk Nov 884,204 810,248
Gr Trunk W e s t.. 4th wk Oct 174,775 164,400
36,527
33,549
Det Gr H S Milw 4th wk Oct
c
Canada Atlantic. 4th wk Oct
64,228
61,381
Great Northern____ October __ 5,919,964 5,469,193
272,471
Montana Central. October
239,018
Total system____ October __ 6,192,435 5,708,211
58,278
Gulf Sc Ship Island- 4th wk Oct
57,819
607,032 589,445
Hocking Valley____ September
Illinois C entral____ October _ _ 4,920,342 4,351,144
189,000 154,000
Inter Sc Gt North’n_ 1st wk Nov
109,928 105,743
alnteroceanic (Mex) 1st wk Nov
62,165
Iowa Central______ 1st wk Nov
62,809
201,908 176,608
Kanawha Sc M ich .. September
688,551
K an City Southern. September
561,406
Lake Erie Sc W est’n — See New York Cen tral.
Lake Shore Sc M Sou — See New York Cen tral.
Lehigh Valley_____ September 3,092,684 2,973,475
September
47,549
47,275
Inc. 15 2,999
Long Island_______ September
Louisiana Sc Arkan. September
10^,300
74,400
Louisville Sc Nashv. 1st wk Nov 931,455 833,645
17,074
Macon S B irm ing.. October __
c
15,819
Manist Sc No E a st.. July _____
32,106
30,763
Manlstique________ October __
4,905
4,547
35,300
Maryland S P en n .. September
c
36,433
a Mexican Internat. 4th wk Oct 218,659
201,006
a Mexican Railway. 3d wk Oct
117,000 129,700
a Mexican Southern 4th wk Oct
40,156
29,287
— See New York Cen tral.
Michigan Central
14,831
Mineral Range_____ 1st wk Nov
13,902
73,921
Minneap Sc St Louis 1st wk Nov
79,118
Minn St P Sc S St M_ 1st wk Nov 291,189 . 260,957
Mo Kan & Texas_ 1st wk Nov 515,681 469,838
_
Mo Pac Sc Iron Mt_ _ 1st wk Nov 755,000 676,000
Central Branch. . 1st wk Nov
24,000
25,000
Total
1st wk Nov 779,000 701,000
114,295
b Mobile Jack'&“k fc July _____
66,658
Mobile Sc Ohio
— See Sout hern Rail way.
Nash Chatt S St L_ September
c
924,716 869,135
a Nat R R of Mex__ 1st wk Nov 260,375
233,900
Hidalgo Sc N E__ 1st wk Nov
17,557
33,701
Nev-Cal-Oregon____ October
26,76,9
Nevada Central____ A u g u st_
_
6,422
4,401
N Y Ohic & St Louis — See New York Cen tral.
N Y Ont & Western September
715,767 655,980
15,461,303 13,684,980
17,636,699 16,055,940
3,413,877 3,226,962
619,938
613,729
646,910
4,654,606.
70,112
68,496
57,540
135,521
7,600,563
442,485
1,493,527
86,083
1,252,514
13,317,380
534,103
4,145,362
63,757
61,173
47,982
116,170
7,170,148
363,721
1,398,154
37,052
1,160,075
12,797,671
3,959
241,792
702,763
5,766
222,822
679^396
16,081,254
2,105,629
641,898
768,151
20,573,430
964,659
21,538,089
772,484
1,831,163
18,39 6,282
3,008,589
2,290,765
1,125,709
600,094
2,064,951
14,712,307
1,925,645
534,393
738,870
17,654,076
877,485
18,531,561
623,813
1 670,228
16,076,035
2,520,682
2,088,285
1,043,459
542,097
1,647,489
9,432.555 8,457 ,771
151,208
138,138
Inc. 376 ,378
314,009
224,88,6
16,569,539 14,671,197
55,934
53,578
32,106
30,763
37,209
42,131
96,076
98,107
2,536,009 2,070,940
2,169,300 1,911,800
411,168
394,706
278,592
274,799
1,407,912 1,449,959
4,998,186 4,271,893
9,066,178 7,830,616
16,677,749 14,938,809
608,322
788,313
17,286,071 F5,727,122
114,295
66,658
2,804,494
5,102,859
357,721
109,158
12,926
2,543,156
4,496,872
2,368,642
2,147,457
96,379
8,134
J u l y 1 to Latest D ate .
Latest Gross Earnings.
ROADS.
Week err
Month.
Current
Year.
N Y C Sc Hud River October __ 3,391! ,458
Lake .Sh Sc M S__ October __ 3,761,6 65
Lake Erie Sc West October
450,793
Chic Ind S S ou .L October __ 211,600
c
Michigan Central _ October _ _ 2,421,325
Cl eve C C Sc St L_ October . . 2,270,095
Peoria Sc Eastern October __ 282,640
Cincin Northern. October
84,730
Pitts Sc Lake Erie October __ 1,272,168
266,706
R u tlan d________ October _.
N Y Chic S vS L_ October _ _ 848,609
c t
241,043
N Y Susq Sc W est.. September
Norfolk Sc Western. September 2,596,395
Northern Central. . September 1,052,519
Northern Pacific_ October __ 7,003,284
_
622,106
Pacific Coast Co_ A u g u s t_
_
_
d Penn— East P S E September 13059 859
c
Inc. 66
d West P & E ____ September
Peoria Sc Eastern —See New York Cen
Phila Balt Sc Wash. September 1,414,090
806,930
Philadelphia Sc Erie September
Pitts Cin Chi Sc St L September 2,532,102
Pitts Sc Lake Erie —See New York Cen
8,118
Raleigh & Southport September
Reading R ailw ay.. September 3,376,224
Coal S Iron Co_. September 2,150,451
c
Total both cos_ September 5,526,675
_
129,297
Rich Fred’ ksb’g &P August___
63,900
Rio Grande J u n ct.. A u g u st_
_
11,683
Rio Grand South_ 1st wk Nov
_
Rock Island System September 4,899,094
e St L & San Fran September 4,001,846
193,513
f Evansv S Ter H September
c
Total of all lines. September 9,094,453
al
Rutland— See New York Centr •
13S.835
St Jos Sc Grand Isl. September
St L Sc San Fran —See Rock Island Sy
St Louis Southwest- 1st wk Nov 222,203
Seaboard Air Line. _ September 1,188,696
44,645
Sierra Railway____ October __
Southern Indiana. _ October _ _ 141,389
cSouthern Pacific Co September 9,714.23S
Southern Railway. _ 1st wk Nov 1,083,771
174,417
Mobile Sc Ohio___ 1st wk Nov
Cin N O & Tex P_ 3d wk Oct 168,145
70,186
Ala Great South - 3d wk Oct
Ga South Sc Fla__ September
176,528
29,392
Texas Central_____ 1st wk Nov
Texas & Pacific____ 1st wk Nov 311,291
8,464
Tidewater Sc W est. A u g u st_
_
458,942
Toledo S Ohio Cent September
c
20,109
Toledo Peo Sc W est. 1st wk Nov
77,307
Toledo St L S West 1st wk Nov
c
3,773
Tombigbee Valley. _ September
67,835
Tor Ham Sc Buffalo October
Union Pacific Syst. September 6,340,122
89,912
Vlrginia Sc So W est. October
551,750
W a b a sh __________ 1st wk Nov
96,857
Western Maryland. 1st wk Nov
549,108
West Jersey Sc S’e__ September
133,862
Wheeling Lake E 1st wk Nov
19,180
W ’ msport & N Br__ A u g u s t__
677,168
Wisconsin Central __ A u g u st___
15,367
Wrightsv & Tenn__ A u g u s t_
_
767,395
Yazoo Sc Miss Valley October
Previous
Year.
$
8,138,376
3,404,032
472,693
190,382
2.246.747
2,067,682
294,435
79,180
1,174,840
252,713
843,127
246,485
2,398,544
948,719
6,262,694
654,237
12334 159
1,400
tral.
1.310.390
780,090
2.335.747
tral.
5,051
3,509,358
2,567,121
6,076,479
116,234
60,613
11,419
4,719,386
3,542,341
196,664
8.458.390
Atlanta Sc Charlotte Air Line_
_
Beliefonte Central_____________
Manistee Sc North Eastern_____
M anistigue____________________
New York Central-------------------Lake Shore & Mich Southern.
Lake Erie Sc Western_____
l Ohicago Indiana Sc Southern
Michigan Central-----------------Cleve Cin Chic Sc St Louis-----Peoria & Eastern____________
Cincinnati N orthern------------Pittsburgh Sc Lake Erie------R u tla n d ____________________
N Y Chicago Sc St Louis-------Northern Central______________
d Penn— East of Pitts & Erie_
_
d West of Pitts Sc Erie_______
Phila Baltimore Sc Washington.
Philadelphia Sc Erie— ------------Pitts Cin Chicago & St Louis_
_
Rio Grande Junction---------------Texas Sc Pacific----------------------West Jersey Sc Seashore-----------
Mch
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Dec
Jan
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
to
to
to
t©
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Aug
Oct
July
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Oct
Sept
Sept
Sept
Sept
Sept
Sept
Aug
Nov
Sept
Previous
Year.
S
$
33,375 ,425 31 ,526,166
14,939 ,347 13 ,473,285
1,858 ,975i ,821,131
749 ,593
703,025
8,992 .991
,362,720
9 ,005 ,7 62
,188,996
1,074
,039,334
387 ,148
324,372
5,043 ,276
,4o 5 ,o3o
1,077 ,852
990,014
3,279 ,36 J
,032,996
738 ,024
688,999
7,526 ,577
,920,294
3,089 ,270
,721,170
25,058 ,980
,740,315
1,185 ,620
,251.010
38,579 ,223
,032,923
In c . 2,1
,500
31
31
31
31
31
31
31
31
31
31
31
31
31
31
31
30
30
30
30
30
30
31
7
30
4,227,495
2,391,804
7,528,218
3,797,295
2,298,009
6,844,136
19,832
10,055,677
6,538,668
16,594,345
287 673
125,495
220,670
14,357,357
11,542,716
604,498
26,504,571
15,144
10,100,417
6.691.479
16,791,896
260,490
109,532
202,124
13,072,363
10,251 ,659
575,009
23,899,031
432,245
406,527
3,638,943
3,546,13-8'
165,629
546,962
28,671,713
19,782,225
3,506,051
2,658,162
1,212,531
515,801
381,544
5,094,017
16,089
1,334,829
450,786
1,487,773
15,315
261,795
18,913,650
342,829
10,334,737
1,950,297
2,050,139
2,185,954
3,138,885
3,425,400
127,365
477,347
25,662,778
18,443,575
3,068,419
2,441,379
1,064,948
447,988
331,520
3.938,020
13,494
1,128,512
479,492
1,504,672
10,198
238,154
17,423,956
324,554
9,036,956
1.684.479
1,929,539
1,987,469
1,291,337
31,213
2,723,690
1,232,398
28,789
2,062,880
Current
Year.
128,152
stem.
193,257
1,201,450
32,498
127,205
8,881,660
1,039,566
171,026
162,037
64,227
153,517
24,281
270,106
7,323
390,511
23,516
80,784
3,439
65,964
6,209,508
82.424
471,130
82,392
500,308
105,644
20,484
641,003
15,018
616,068
Period .
Various Fiscal Years.
Current
Year.
Previous
Year.
§2,036,362
46,586
274,485
88,368
76,254 ,649
35,546,443
4,384,354
1,895,856
21,612,133
20,368,280
2,536,481
862,909
12,090,432
2,345,720
8,165,360
8,565,064
108406 072
Inc. 6,5
11,740,906
6,057.726
21,680 ,777
496,220
11,697.505
4,220,691
$1,908,907
49,574
267,872
83,726
70,715,729
31,640,229
4,110.502
1,739,898
19,089,879
18,420,019
2,346,238
704,021
10,50S ,827
2,132,306
7,375.906
7,717,264
97,007,772
34,900
10,867,306
5,943,102
19,383,061
420-5.68
9,584,004
3,761,791
AGGREGATES OF GROSS EARNINGS— Weekly and Monthly.
M onthly Summaries.
1st week
2nd week
3rd week
4th week
1st week
2d week
3rd week
4th week
1st week
Sept
Sept
Sept
Sept
Oct
Oct
Oct
Oct
Nov
(42
(43
(43
(41
(43
(43
(4-3
(39
(39
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
roads)
Cur'nt Year Prev's Year. Inc. or D ec.
S
9,916,451
10,246,594
10,517,062
13,560,315
10.170,700
10,735,986
11,035,972
16,733,537
10,109,687
8,765,450
9,160,323
9,298,534
12,823,209
9,249,351
9.750,257
9,778,276
14,263,160
9,201,026
%
S
+ 1,151,001 13.13
+ 1,086,271 11.85
+ 1,218,528 13.14
+ 737,106 5.75
+ 921,349 9.96
+ 985,729 10.11
+ 1,257,696 12.86
+ 2,470,377 17.39
+ 908,661 9.87
M onthly Summaries.
Month
Month
Month
Month
Month
Month
Month
Montfe
Month
Feb
Mch
April
May
June
July
Aug
Sept
Oct
1906
1906
1906
1906
1906
1906
1906
1906
1906
(118 roads)
(110 roads)
(111 roads)
(124 roads)
(113 reads)
(117 roads)
(118 roads)
(68 roads)
(68 roads)
Cur'nt Year Prev’s Year. Inc. or D ec.
$
142,656 ,542
159,258 ,890
136,685 ,537
152,183 ,742
146,010 ,301
168,336 ,461
179,191 ,945
79,890 ,683
86,795 ,590
S
112,895 ,257
143,978 ,440
128,005 ,775
138,557 ,872
130,233 ,293
148,013 ,565
159,835 ,022
73,390 ,417
78,007 ,440
S
-+-29 ,%61,285
+ 15,280,450
+ 8,679,762
+ 13,625,870
+ 15,'777,008
+ 20,322,896
+ 19,356,923
+ 6,600,265
+ 8,788,150
%
26.36
10.61
6.78
9.83
12.11
13.76
12.11
9.01
11.26
„ a Mexican currency, b Includes earnings of Gulf S Chicago Division, c Includes the Houston S Texas Central and its subsidiary lines in both
c
c
years, d Covers lines directly operated, e Includes the Chicago Sc Eastern Illinois in both years, f Includes Evansville Sc Indiana R R . h Includes
earnings of Col. & South., Ft. Worth S Denver City and all affiliated lines, excepting Trinity S -Brazos Valley R R . /c-Includes in both years earnings
c
c
o f Denver Enid S Gulf R R ., Pecos System and Santa Fe Prescott- Sc Phoenix R y. ^Figures prior to April 10'1905 are those ofithe Indiana Illinois & Iowa
c
and Indiana Harbor ef Indiana.
1223
THE CHRONICLE
.Nov. 17 190o. |
■Gross Earn’gs
Latest Gross Earnings by Weeks.— In the table which
Current
Previous
follows we sum up separately the earnings for the tirst
Year.
Year.
Roads.
$
3
week of November. The table covers 31) roads and shows
c
117 ,069
119,622
9.S7% increase in the aggregate over the same week last Toledo Peoria S West b_ Oct 430,677
July 1 to Oct 31____ _
455,977
year.
Union P a c ific .a _______ Sept 6,340,122
6,209,508
July 1 to Sept 3 0 ______18,913,650 17,423,956
1905.
1906.
First week of November.
Increase. Decrease.
$
172,142
160,900
1,496.000
245,400
3,003
165,209
35,488
$
173,669
114,500
1,302.000
251.100
2,473
164.704
35,219
270,152
422,900
23,068
83,438
63,176
244,338
411.800
19,676
85,659
60,012
25,814
SS4.204
810,248
73,956
189,000
109.928
62,135
931.455
144.450
14,831
73.921
291,189
515,681
755,000
24,000
174,417
260,375
11.683
222.203
1,083,771
29,392
311.291
20.109
77,307
551,750
96 ,S57
133,862
154,000
105.743
62,809
833.645
137.595
13,902
79.118
260,957
469,838
076.000
25,000
171,026
233.900
11 .419
193,257
1,039.566
24.281
270,106
23,516
80,784
471,130
82,392
105,644
35,000
4.185
Total (39 roads!_____________ 10,109,687
Net increase (9.87% )
9,201,026
Buffalo Rochester & Pittsburgh
Canadian N orth ern .. ..................
Canadian P ad tic---------------------Central o f G eorgia............. ..........
Chattanooga Southern............. ..
Chicago Great W estern------------Chicago Terminal T ran sfer..
Colorado & Southern (Incl Ft
W orth S Denver C ity )---------c
Denver & Rio Grande__________
Detroit & Mackinac....... .......... - Detroit Toledo & 1ron ton --------Duluth South Shore & AtlanticGrand Trunk of Canada-------Grand Trunk W estern____
Det Gr Haven S Milwaukee
c
Canada A tlantic_______ — )
International & Great Northern
Interoceanic o f M exico_ i ____
_
Iowa C e n tra l__________________
Louisville & Nashville__________
Mexican International________
Mineral R ange_________________
Minneapolis « c St L ouis________
S
Minneapolis St Paul & S S M ._
Missouri Kansas A T exa s______
*
Missouri Pacific S Iron Mr_____
c
Central B ra n ch _____________
Mobile & O hio_________________
National R R of M exico________
Rio Grande Southern__________
St Louis Southwestern________
Southern R ailw ay....... .......... ......
Texas Central__________________
Texas & P acific_____________ __
Toledo Peoria S W estern______
c
Toledo St Louis & W estern____
W abash________________________
Western M aryland......... ............ ..
Wheeling & Lake Erie__________
$
46,400
194,000
530
505
269
$
1,527
2 221
3,164
30,232
45,843
79,000
674
5,197
1,000
3,391
26.475
264
28,946
44,205
5 .I l l
41,185
SO,620
14,465
28,218
931,864
908,661
3,407
3,477
23.203
Net Earnings Monthly to Latest Dates.— The table fol
lowing shows the gross and net earnings of STEAM railroads
reported this week. A full detailed statement, including all
roads from which monthly returns can be obtained, is given
once a month in these columns, and the latest statement of
this kind will be found in the issue of Oct. 20 1906. The
next will appear in the issue of Nov. 24 1906.
-Gross Earn’gsPrevious
Cu
Current
Year.
Y
Year.
S
$
5,250
5,198
49,574
46,586
4,287
4,049
14,346
16,348
10,977
10,717
32,492
41,101
35,079
42,761
135,521
116,170
in New York State—
3,291,295 2,876,523
8,402,871 8,250,277
Roads.
Bellefonte Central, b ____Oct
Jan 1 to Oct 31______
Bridgeton S Saco R . b . S e p t
c
July 1 to Sept 30______
Chattanooga S o u th .a _ Sept
_
July 1 to Sept 30______
Cornwall S Lebanon. b__Sept
c
July 1 to Sept 30______
Del Lack & West leased lines
July 1 to Sept 30____
Jan 1 to Sept 30______
Syracuse Blngh’ n & N Y —
July 1 to Sept 30______
382,650
Jan 1 to Sept 30______ 1,046,501
Dunkirk All Val & Pitts _b—
July 1 to Sept 30______
82,332
Jan 1 to Sept 30______
211,157
Ed Elec 111 C o(B rock’ n) aSept
12,546
113,155
Jan 1 to Sept 30______
Fall River Gas W orks, a .Sept
31,813
Genesee S W yom ing, b—
c
July 1 to Sept 30______
44,884
121,832
Jan 1 to Sept 30______
Houghton Co Elec LtCoaSept
19,146
Jan 1 to Sept 30______
159,606
clnterbor Rap Trans C o .b —
July 1 to Sept 30_______ 4,492,020
Jan 1 to Sept 3 0 _______ 15,100,913
Lake Shore S Mich S o .b —
c
July 1 to Sept 30_______ 11,177,682
Jan 1 to Sept 3 0 _______ 31,784.777
Lexington S Eastern b____Sept 47,549
c
151,208
July 1 to Sept 30______
Little Falls S Dolgevllle—
c
July 1 to Sept 30______
16,044
Long Island R R .b —
July 1 to Sept 3 0 _______ 3,191,418
Jan 1 to Sept 3 0 ______ 7,365,032
Lowell Elect Lt C orp .a .S ep t
21,968
Jan 1 to Sept 30......... ..
196,527
Milwaukee Gas Lt C o ____Oct
________
Jan 1 to Oct 31______
_______
Minneap Gen Elec C o .a .S e p t
65,729
Jan 1 to Sept 3 0 ______
567,450
Mo Kan S T e t a
c
..S e p t 2.088,369
July 1 to Sept 30. _
_ 5.877,585
New Jersey S New Y o r k .b —
c
July 1 to Sept 30______
134,080
X Y X H S H artford, b—
c
July 1 to Sept 30 . . . .14,299,619
Jan 1 to Sept 30
...39.888 .35J
New York Ontario S W est, b—
c
July 1 to Sept 30 _____ 2,368,641
X Y S Rockaway Beach. b—
c
July 1 to Sept 30......... ..
333.860
Jan 1 to Sept 3 0 ______
498.129
Philadelphia S Erie, b .Sept 806,930
c
Jan 1 to Sept 30 _____ 6.057,726
Seaboard Air L i n e .a _ Sept 1,188,696
_
July 1 to Sept 3 0 ........... 3,546.138
Southern Indiana, b ____ Sept
144,564
July 1 to Sept 3 0 ...........
405,57
Southern P acific.a.
Sept 9.714,238
28.671,713
July 1 to Sept 3 0 ..
■Net Earnings------Previous
Current
Year.
Year.
S
%
1,712
1,122
14,298
9,203
1,227
1,718
7,744
6,170
936
d efl ,256
1,516
def 1,871
21,288
23,903
75,874
71,436
1,824,728
4,186,169
1,387,288
4,278,758
359,905
1,020,205
148,810
382,090
156,268
458,551
90,034
219,503
11,272
98,496
32,275
3,306
deflO ,652
4,071
33,876
14,021
1,390
3.320
3,270
24,678
14,154
47,603
125,482
17,570
140,968
17,975
34,668
9,230
75,730
22,208
37,636
9.320
68,778
3,905,097
13,036,661
2,359,722
8,672,592
1,937,650
6.929,012
10,069,253
28,236,196
47.275
138,138
2,245,131
6,441,112
18,087
6 3 ,15S
1,813,606
6,135,705
21.532
53,180
12,893
6.688
5,263
2,617,204
5,968,920
20,671
179,576
61,233
512,335
1,845,950
5,195,314
1 ,166,927
1.742,023
8,186
67,429
94,151
781.193
28,158
264,768
758.031
2,057,129
821,500
1 ,283,396
7,765
65,026
89,435
679.499
29,433
245,569
537,260
1 ,289.322
123,555
28,239
22,899
13,849,515 5,372,047 5,430,585
38,459,106 11,318.398 12,436.060
980.730
756.624
185,701
265,957
180.991
394,745
2 1
780,090
5,943,102 1,613,331
138,498
1,201,450
410.593
3.425.400
60.419
118.388
174.485
350.142
8,881,660 3,760,655
25.662.778 10,707.781
146.888
182.493
291 .260
1.702.211
371 .427
953,246
45.846
142,764
3.302.658
8.765.239
2,147,457
Interest Charges and Surplus.
•Inf., Rentals. &c.
Current
Previous
Year .
Year.
3,392
97,810
6,855
929
a Net earnings here given arc after deducting taxes.
b Net earnings here given are before deducting taxes.
c These figures are for combined Manhattan Elevated and Subway lines.
5,700
1 1.100
----- Net Earnings-----Current
Previous
Year.
Year.
$
$
25,435
31 ,578
116,008
105,822
3,103,719 3,030,660
9,200.11 1 8,381,741
— Bal. of Net E ’ nos.—
Current
Previous
Year.
Year.
Roads.
$
$
$
Bellefonte Central______Oct
300
330
822
3,000
Jan 1 to Oct 31 __ . ...
3,300
0,203
Bridgeton & Saco R ..S ep t
543
543
1,175
1,629
July 1 to Sept 30___ _
1,629
4,541
4,185
4,138
19,718
Cornwall S L ebanon_ Sept
c
_
12,646
12,505
July 1 to Sept 30_ _
_
63,228
Del Lack S West leased lines in New Y ork State—
c
July 1 to Sept 30___ ...
615,224
617,980 1,209,504
Jan 1 to Sept 30
_ 1 ,8 4 5 ,6 8 8 1,853,940 2,340,481
Syracuse Blngh’n & N Y —
44,515
46,457
104,295
July 1 to Sept 30 _____
139,092
136,877
245,213
Jan 1 to Sept 30
__
Dunkirk Allegh Val & Pitts—
July 1 to Sept 30
3,546
3,546
£defl20
Jan 1 to Sept 30___
10,638
10,038 £def20,915
Ed Elec III Co ( Brockt’n) Sept
687
3,384
729
6,436
6,266
27,440
Jan 1 to Sept 30
Fall River Gas Works __Sept
688
487
13,333
Genesee Sc Wyoming—
July 1 to Sept 30___ __
7,000
6,850
10,975
Jan 1 to Sept 30______
20,836
21,419
13,249
Houghton Co Elect L ’t Co Sept
2,187
2,187
7,043
Jan 1 to Sept 30...
20,313
20,313
55,417
clnterborough Rap Trans C o July 1 to Sept 30
_ 2,231,208 1,987,672
_
£277,586
Jan 1 to Sept 30______ 6,778,161 5,864,021 £2,373,373
Lake Shore Sc Mich So—
July 1 to Sept 30. ___ 2,025,000 1.560.000 £1,045,131
Jan 1 to vSept 30______ 5,454,999 4.470.000 £3,461,113
Little Falls S Dolgevllle—
c
July 1 to Sept 30 . ...
2,550
2,550
4,138
Long Island R R —
July 1 to Sept 30. _
750,495
631,164
£478,338
J a n 1 to Sept 30
. . 1,882,707 1,573,537
£51,762
862
Lowell Elect Lt Corp_ Sept
_
7,324
696
Jan 1 to Sept 3 0 .. _
7,851
8,215
59,578
Minneap Gen Elect Co__Sept
8,908
9,071
19,250
80,456
Jan 1 to Sept 30
84,498
184,312
Mo Kan S T e x a s ____Sept
c
403,688
374,161
354,343
July 1 to Sept 30______ 1,231,159 1,096,237
825,970
New Jersey S New York—
c
July 1 to Sept 30
15,347
15,546
£14,556
N Y N H S Hartford—
c
July 1 to Sept 30 _
3,237,686 2,907,849 £2,706,340
Jan 1 to Sept 30.
8,642,159 7,357,503 £4,870,047
New York Ontario S West—
c
July 1 to Sept 30
391,123
369,469
£704,328
N Y S Rockaway Beach—
c
July 1 to Sept 30
_
_
14,721
14,683
£175,133
Jan 1 to Sept 30
48,926
44,049
£138,445
Seaboard Air L in e _____Sept
278,728
256,762£defl40,009
July 1 to Sept 30___
828,299
766,713£def410,743
ToledolPeoria S Western.Oct
c
24,018
22,859
7,560
July 1 to Oct 31
96,706
91,234
9,116
$
1,382
10,998
684
6,115
17,150
58,931
709,308
2,424,818
109,811
319,459
£defl ,836
£Clef5,923
2,541
18,412
13,667
15,358
16,800
7,133
48,465
£109,820
£1,540,860
£1,053,606
£3,425,705
2,713
£325,324
£114,929
7,069
56,811
20,362
161,071
163,099
193,088
£8,785
£2,611,102
£6,106,755
£495,876
£132,821
£142,574
£114,891
£193,511
2,576
24,774
c These figures are for combined Manhattan Elevated and Subway lines.
x After allowing for other income received.
STREET R A IL W A Y S AND TRACTION COMPANIES.
Name of
Road.
ross Earnings.
Week or
Month.
Albany & H udson___ September
aAmerican Rys C o_ October
_
cAur Elgin & Chic R y September
Binghamton R y _____ September
Birm R y Lt & Power September
Boston S W orcester. A u g u s t___
c
Brockton S Ply St Ry September
c
Burlington (Vt) Trac October _ _
Camden&Trenton R y September
Cape Breton Elec Co_ September
Cent Penn T raction. _ September
Cent Penn Traction
October .
Chari Con Ry Gas&El September
Chattanooga Rys C o. September
Chicago S MUw Elec October _
c
d Chicago S Oak Park October __
c
Clove Palnesv S E ___ September
c
Cleveland & Southw October _ _
Columbus HR Co
September
Dallas Elec C o r p n _ August_
_
_
Detroit Mon & Toledo 1st wk Oct
Detroit United R y ___ 3d wk Oct
_
Duluth Street R y _ 1st wk Nov
E Liverpool Tr&LtCo September
East St Louis S Sub. September
c
E1 Paso Electric_
_
September
Ft W ayne S Wabasn
c
Valley Traction . _ September
Galveston Electric Co September
Georgia R y & E l e c .. July .........
Hartf S Spring St Ry September
c
Havana Electric Ry Wk N ov 11
Honolulu Rapid Tr S
c
Land Co .................. September
Houghton Co St Ry
September
Houston Electric Co September
Illinois Traction Co. September
Indlanap Col S South September
c
Jackson Consol T rac. September
Jacksonville Elec Co. September
Kan City R y S Light September
c
Lake Shore Elec R y . September
Ia s x S Interur Rys Co September
c
Lorain Street Ry
September
Madison S Int Trac . September
c
Manila Elec Ry S Ltg
c
_
Corp— Ry D ept_ September
Lighting D e p t ____ September
dan. 1 to latest date.
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
$
36,499
230,005
125,850
30,566
166,812
67,136
12,236
7,409
21,564
24,267
58,135
60,768
51,732
47,830
88,905
74,331
29,411
56,499
17,792
84,527
5 804
107,260
15,326
31,220
186,785
35,905
$
34,323
217.456
107,579
25,476
140,998
63,324
10,104
7,161
14,128
2 1,572
51,970
55,447
47,881
$
$
2,288,184
2,066,003
233,281
1,392,001
348,299
211,357
1,144,069
313,983
507,149
567.917
484.542
370,360
722,448
691 .125
207,636
539,133
435,137
490,584
445,555
62,028
73,263
25,695
48,729
15,321
85,575
473.890
673,738
185.319
449,432
92,331
13,039
&219.190
4,667.344
051,654
4,115,033
559,762
152,868
24,979
1 ,333,397
279,777
1,145,491
208,592
106,81 1
85,855
31.821
24,700
237,100 202,994
14,038
21,199
28,579
30,255
821.178
237,314
700,704
199,2G7
136,791
1,317,365
107,477
1,233,690
258,374
171 .372
428,874
2.163,308
177.727
1 13,000
234.272
3,987,4 73
604,804
397.068
108.209
95,299
240,060
1 18,458
372.340
1 .742,746
154,158
04 792
233,798
3,534.186
589,068
30,885
22,689
52,535
266,844
24,910
13,490
26,068
476,755
89,023
61 .506
13,191
12,230
37,500
34,000
26,554
20,338
45,432
207.081
22 227
10,931
25,070
426,608
79,600
1 1 ,512
10,048
...........
386.000
270.750
93,381
84,761
THE CHRONICLE
1224
Latest Gross Earnings.
Name of
Road.
Week or
Month.
Current
Year.
Previous
Year.
Jan. 1 to latest date.
Current
Year.
Previous
Year.
$
$
$
221,140 204,585 2,022,901) 1,859,036
Met West Side Elev. _ October
2,587,004 2,375,269
Miiw Elec Ry S Lt Co September 314,008 280,353
c
464,227
525,042
80,637
67,020
Mllw Lt IIt & Tr Co_ _ September
61,4 75
53,801
Montreal Street Ry.^ Wk Oct 27
845,302
99,327 1,005,462
Nashville Ry & Lt — September 121 ,580
45,125
36,240
231,695
266,240
N J & H R Ry& FyCo September
c
N O Ry S Light C o .. September 441 ,807 354,849 4,218,184
188,913
29,246
27,049
202,389
Niagara St C & Tor_ _ September
716,513
95,393
88,268
Nor Ohio Tr S Lt Co. September
c
770,395
874,657
118,590 102,209
968,162
Norf & Portsm Tr Co September
76,338
57,973
Northern Texas Tr Co September
Northwestern Elev__ October _. 136,933 124,995 1,228,403 1,151,374
18,424
12,172
130,738
Oklahoma City R y._ September
92,421
13,547
11,453
108,812
Peekskill Light S RR September
c
141,273
17.785
21 647
171 ,069
Pitts M’ K S Green. _ September
c
Portland Rys Co----- September /C147.982 215,369 /cl,237,578 1,397.321
87,253
56,538
Puget Sound Elec Ry A u gu st_
_
St Joseph (Mo) Ry Lt
617,832
691,670
69,438
65,043
Heat S Power Co. _ October __
c
431,759
49,805
48,721
473,674
Savannah Electric oC September
Seattle Electric Co_ A u gu st_
_
_ 269,853 224,936
South Side Elevated. October _ _ 145,044 143,877 1,432,208 1,356,302
790,385
95.923
83,728
901,698
Syracuse Rap Tr R y. October __
76,035
63,865
Tacoma Ry & P Co__ A u g u st__
294,714
40,023
33,034
339,882
Tampa Electric Co September
455,899
78,820
54,987
588,485
Terre Haute T S L Co September
c
Toledo Rys & Light. September 182,238 163,643 1,511,073 1,407,781
195,371
224,914
32,117
28,693
Tol Urb S Inter Ry__ A u gu st__
c
21 ,654
180,236
25,108
177,648
Toledo S Western_ September
c
_
56,867
51 ,063
Toronto Railway___ Wk Nov 10
Tri-City Ry S Lt Co. September 144,442 121,011
c
97,416 4,788,020 3,999,142
Twin City Rapid Tran 1st wk Nov 107,237
United RR o f S F . . . October
7*541,008 638,319
4,898,699
United Rys of B a lt.. September 622,841
United Rys of St L__ September 785,775 731,313 6,776,824 6,256,072
185,682
28,016
22,887
Wash Alex S Mt Ver. September
c
212,613
Whatcom Co Ry & Lt
23,369
14,661
C o _______________ September
a Figures for the month In both years Include operations of the Scranton
R y., acquired Jan. 1 1906. b Total is from March 1. c These figures are
for consolidated company, d These are results for main line, h These are
early preliminary returns: decrease due to earthquake, fire and strike
among employees, Aug. 26 to Sept. 5 1906. J Decrease due to Lewis S
c
c
Clark Exposition last year.
Street Railway Net Earnings.— The following table gives
the returns of STREET 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 Oct. 27 1906. The
next will appear in the issue of Dec. 1 1906.
------ Gross Earn’gs------ --------- Net Earnings------Current
Year.
Previous
Year.
Roads.
$
$
Albany S Hudson_a_ Sept
c
_
36,499
34,323
July 1 to Sept 30 _
118,635
118,199
Brock S Plym St R y.a .S ep t
c
12,236
10,104
Cape Breton El Co_a__Sept
24,267
21,572
Central Penna Tr Co___ Oct
60,768
55,447
Jan 1 to Oct 31
567,917
490,584
Chic S Milw Elect
c
Oct
88,905
62,028
Jan 1 to Oct 31
722,448
473,890
Cleve S Southwestern. _Oct
c
56,499
48,729
Jan 1 to Oct 31
539,133
449,432
Columbus R R C o.a ___ Sept
17,792
15,321
Elmira Water Lt S R R Co_b
c
R R Co only—
July 1 to Sept 30 __
67,283
64,333
Jan 1 to Sept 30 _ _
163,251
153,530
El Paso Elect Co a
_ Sept
35,905
24,979
Jan 1 to Sept 30
208,592
279,777
Galveston El Co_a___ Sept
31,821
24,700
Jan 1 to Sept 30
237,314
199,267
Houghton Co St Ry_a__Sept
22,689
20,338
Jan 1 to Sept 30
171,372
118,458
Houston Elect Co_a___ Sept
52,535
45,432
•Jan 1 to Sept 30
428,874
372,340
Hudson Valley Ry Co_b—
July 1 to Sept 30
232,439
211,776
Jan 1 to Sept 30
464,175
413,964
Jacksonville El Co. a. ..Sept
26,968
25,070
Jan 1 to Sept 30
234,272
233,798
Lake Shore E lect.a ___ Sept
89,023
79,600
Jan 1 to Sept 30 . . .
664,804
589,068
Long Isl Elect C o.b—
July 1 to Sept 30
,68,412
59,873
Jan 1 to Sept 30
134,174
151,778
Lorain St Ry Co
.Sept
13,191
11,512
Jan 1 to Sept 30.
108,209
93,381
N Y City Ry Co. b—
July 1 to Sept 30______ 4,621,877 4,509,610
Jan 1 to Sept 30
13,084,051 12,566,158
42d St Manhat’ville S St N A v e.b —
c
July 1 to Sept 30
273,119
234,824
Jan 1 to Sept 30 _
731,235
602,490
Dry dock E B’way S Batt’y-_b—
c
July 1 to Sept 30
144,031
61,873
Jan 1 to Sept 30.
414,843
248,056
Westchester Electric, b—
July 1 to Sept 30.
102,856
113,874
Jan 1 to Sept 30
240,959
265,978
Yonkers R R . b—
July 1 to Sept 30
107,231
96,994
Jan 1 to Sept 30______
271,962
234,455
Tarryt’n W t PI S Mamaroneck. b—
c
July 1 to Sept 30 __
46,434
41,322
Jan 1 to Sept 30 . . .
105,217
89,199
Southern Boulevard.b—
July 1 to Sept 30 _
17,746
12,448
N Y S Long Isl Tr C o.b—
c
July 1 to Sept 30
71,980
60,604
Jan 1 to Sept 30
170,174
116,044
Norf S P ’tsm’th Tr Co. .Sept
c
118,590
102.209
Jan 1 to Sept 30
968,162
874,657
Nor Texas Tr C o.a _ Sept
_
76,338
57,973
Savannah Elect C o.a ..S ep t
49,805
48,721
Jan 1 to Sept 30 _
473,674
431,759
Syracuse Lk Shore S N or.b—
c
July 1 to Sept 1 _ _
66,598
Syracuse Rap Tran.b„_O ct
95,923
83,728
Jan 1 to Oct 31______
790,385
901,698
July 1 to Oct 31
384,582
336,375
Current
Year.
$
14,047
37,150
6,716
11,229
15,004
86,837
48,284
429,068
24,858
234,703
6,526
Previous
Year.
$
10,722
36,088
3,573
8,677
16,550
98,398
38,998
278,018
22,386
187,626
5,585
22.931
16,707
47,571
41,340
10,761
9,315
87,501
72,506
14,696
9,491
95,036
10,908
c9 ,135
61,495 cdefl5,556
18,098
21,030
150,852
149,348
[V O L . LXXX1II,
Gross Earn’gs------ ------ Net Earnings
Current
Previous
Current
Previous
Year.
Year .
Year.
Year.
Roads.
$
40,023
Tampa Elect Co.a __ Sept
Jan 1 to Sept 30______
339,882
78,820
Terre Ht Tr S Lt Co.a Sept
c
Jan 1 to Sept 30______
588,485
Union Ry Co. b—
July 1 to Sept 30______
442,486
Jan 1 to Sept 30______ 1,182,910
United Traction Co. b—
July 1 to Sept 30______
527,162
Jan 1 to Sept 30______ 1,406,959
Whatcom Co R y & L t.a.Sep
23,369
$
33,034
294,714
54,987
455,899
$
17,778
141,582
39,746
249,012
$
14,826
121,332
24,272
152,756
404,750
1,062,985
189,444
410,074
149,299
286,551
459,075
1,301,811
14,661
229,072
590,270
7,527
145,433
423,550
3,579
a Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
aij; Decrease in 1905 due to strike and boycott.
Interest Charges and Surplus.
— m t., Rentals , & c .—
Current
Year.
Roads.
$
Albany S Hudson_____Sept
c
7,292
July 1 to Sept 30______
21,875
Brock S Plym St Ry Sept
c
1,814
Cape Breton Elect Co_ Sept
_
4,250
Cleve S Southwestern. _Oct
c
16,018
Jan 1 to Oct 31
147,900
_
_
Columbus Gas Lt C o..Sept
1,889
Elmira Water Lt S R R Co—
c
R R Co only—
12,118
July 1 to Sept 30
_
_
Jan 1 to SeDt 30 .
36,631
El Paso Elect Co__ __ Sept
4,355
Jan 1 to Sept 30 . . .
35,028
4,167
Galveston Electric Co. .Sept
Jan 1 to Sept 30
37,500
Houghton Co St R y _ Sept
3,896
_
35,197
Jan 1 to Sept 30
_ _
7,792
Houston Elect Co __ Sept
Jan 1 to Sept 3 0 . _
_
72,318
Hudson Valley Ry Co—
52,091
July 1 to Sept 30
_ _
Jan 1 to Sept 30
186,084
Jacksonville Elect C o..Sept
3,333
30,349
July 1 to Sept 30 _ __
Long Isl Elect Co—
July 1 to Sejpt 30
9,375
Jan 1 to Sept 30 __
27,346
N Y City Ry C o July 1 to Sept 30
2,865,632
Jan 1 to Sept 30
_ _ 8,475,981
42d St Manhat’ville S St N Ave—
c
July 1 to Sept 30
99.246
Jan 1 to Sept 30 _ _
295,323
Dry dock E B’way & Batt’y—
July 1 to Sept 30. _
48,546
Jan 1 to Sept 30
143,989
Westchester Electric—
25,417
July 1 to Sept 30.
77,871
Jan 1 to Sept 30
Yonkers RR-—
29,825
July 1 to Sept 30______
84,031
Jan 1 to Sept 30
Tarryt’n W ’te PI S Mamaroneck—
c
July 1 to Sept 30
8,056
Jan 1 to Sept 30 .
23,764
Southern Boulevard—
5,227
July 1 to Sept 30 _ .
N Y & Long Isl Tr Co—
14,349
July 1 to Sept 30
42,502
Jan 1 to Sept *30
37,814
Norf S P ’tsm’th Tr Co. .Sept
c
296,954
Jan 1 to Sept 30
9,941
Nor Tex Tr Co
_ _ Sept
11,529
Savannah Elect Co----- Sept
102,225
Jan 1 to Sept 30 _
Syracuse Lk Shore S Nor—
c
1,566
July 1 to Sept 30
24,137
Syracuse Rapid Trans. _Oct
231,314
Jan 1 to Oct 31
95,540
July 1 to Oct 31
.
10S
Tampa Elect Co
_ Sept
108
Jan 1 to Sept 30
14,066
Terre Ht Tr & L t. _ Sept
120,479
July 1 to Sept 30 „ _ .
Union Ry Co—
73,112
July 1 to Sept 30
223,037
Jan 1 to Sept 30 _ .
United Traction Co—
87,481
July 1 to Sept 30
260,943
Jan 1 to Sept 30 _ .
3,759
WTiatcom Ry & .L t----- Sept
Previous
Year.
$
5,000
15,000
1,752
4,419
13,726
126,461
1,914
— Bal.
ot
Current
Year.
Net E ’ ngs .—
Previous
Year.
$
6,755
15,275
4,902
6,979
8,840
86,803
4,637
$
5,722
21,088
1,821
4,258
8,660
61,165
3,671
3,712
32,368
9,042
80,963
24,777
212,431
24,707
6,406
5,529
40,624
52,473
5,324
10,529
57,536
7,012
co ,423
4 26,298 cdef47,924
10,306
11,988
78,534
68,385
67,764
195,265
3,380
27,760
275,894
257,060
217,734 2defl9,227
6,155
5,733
58,115
71,021
12,243
37,616
3,786
31,882
4,167
9,309
27,456
X ll ,261
222,583
217,226
218,878
218,269
2,803,050rrdef165,7422def246,282
8,373,658o:7*l ,489,399xh 2 ,039 ,637
225,547 2def25,772
99,846
294,999 2defl0,4142defl59,942
40,664
120,857
212,570 2def25,270
219,452 2def96,641
215,296
220,100
25,569
76,547 2def32,363 2d e fl6 ,988
22,584
29,465
28,934
84,692 2defl 1,318 2def29 ,807
8,052
23,948
25,604
24,440
2def5,122 2defl4,332
4,746
1.184
def3,552
12,150
18,267
29,823
265,641
9,937
10,561
94,992
218,246
233,900
213,373
275,190
15,415
6,464
89,744
225,147
236,252
212,002
288,344
14,074
9,117
86,432
20,494 .
204,096
81,775
1,885
17,034
10,829
91 ,S03
232,469
16,726
157,273
72,506
17,670
141,474
25.6S0
128,533
17,161
135,144
69,479
12,941
104,298
13,443
60,953
67,600
199,986
2120,832
2206,533
286,202
297,942
86,581
259,328
2,229
2145,250
2339,129
3,768
261,402
2171,869
1,350
122,212
190,832
9,488
88,464
46,425
303,077
118.907
165,050
9,113
98,781
42,545
270,350
30,378
42,599
5,955
34,296
27,779
44,821
4,106
28,414
2,436,039
6,085,421
2,217,352
5,386,296
112,080
235,096
54,786
71,046
45,489
110,210
1,472
defl7,679
39,972
43,823
44,922
57,822
{S ta tem en t fo r Y e a r en d in g J u n e 30 1906.)
32,372
72,602
38,399
54,961
The results for the year ending June 30 1906, compared
with the previous calendar year, and the condensed com
parative balance sheets are given below:
13,660
18,542
12,392
9,515
6,461
1,194
31,935
75,428
47,869
336,596
25,356
17,993
191,969
36,386
53,262
37,323
320,014
24,011
19,678
181,424
33,892
40,863
388,587
16S,046
37,655
339.240
151,254
c Decrease in 1905 due to strike and boycott.
h Deficit.
x After allowing for other income received.
ANNUAL
h EPORTSe
Pennsylvania Company.
June 30 ’06. Dec.31 ’05. |
June 30 ’06. Dec. 31 ’05.
• S S I
s
s
Gross earnings----42,0S3.,767 40.596,440 Int. on bonds, &c_ 2.915,693 3.4S2.539
Operating
exIAll rentals______ 8,697,961 S,340.055
penses_______30,547,793 29,038,788 iCar trust payments 419,4S5
425,761
------------- --------------- IAdvances to R R /s
2,874
10,S6S
Net earnings__ 11,535,974 11,557,652 jExtraor. exp. fund 2,000,000 2,000,000
Dividends
re1
I
------------- --------- ----eeived________ 7.228.108}- 6,756,003j Net income___ 5,711,090 4,054,431
Rents received
983,021,
Sinking funds, &c_ 1,656,624 1,656,164
Dividends a. _(S%)3,800,000(5)2,000,000
___ __________________________________________ I
_____________________ ________________________
Gross income 19,747,103 IS,313,6551 Surplus for year_ 254,466
39S.268
Total surplus June 30 1905 was $7.S64,434; surplus for late fiscal year as above
$254,466; deduct amount paid in settlement of old accounts, &c.. $774,561; total
net surplus June 30 1906, carried to credit of profit and loss, S7,344,339.
a In year ending June 30 1906, 5% paid Dec. 1905 on $40,000,000 stock and 3%
in June 1906 on $60,000,000 stock.
Assets—
Capital stock. . .
Securities ----- 117.505.280 117.476,6701
0.521.913 ; Funded debt___
Equip.Areal est. 10,760.274
|
Collateral notes.
Leased roads.
5.119.0371
Accounts paybetterments.. 7.227.130
| able ..............
Due by other
10.930.1021Interest due and
cos.. A c ........ 10.807.029
2.501.840
accrued........
Material on hand 2.007.417
2.978.5231
Miscellaneous . .
Cash on hand__ 3.007.401
Extraor. expenCash on spec .dep.
3300. 325! diture fund . .
&c.
.. . „1,403,766
|
Sinking funds . .
Unexp. proceeds—
__ |
Profit and loss..
Coi.Imp.notes 50.000.000
French franc
I
loa n _____ 48.202.548
15-25-year gold
loa n _____ 17.220.010
— 1
3.590.482!
Miscel. assets__ 0.804.000
—I
276.477.015 155.550,9041
Total . . .
— V. S3, p. 150. 214, 754, 819.
Total
60.000.000
31.690.548
50.000.000
60.000.000
63.496.000
5.000
6.229,894
9.311.065
1,447.768
S.744,528
793.086
3,783.303
2.175.139
S.844.798
7.344,339
2.772.118
8,510.538
6.879,794
270.477,015 155.550.904
Alabama Great Southern Railroad.
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1906.)
President Samuel Spencer, Oct. 2 1906, says in substance:
E arnings. — The gross earnings have increased $466,320. or 14.10% , and
net earnings have Increased $111.428. or 18.53% . The increase of $85,822,
or 16.31% . in maintenance of way and structures was due principally to
the cost of installing new electric block signals between Y ork, Ala., and
Meridian. Miss., ballasting, renewal of rail and extensive work on build
ings and plat forms. The increase of $170 MSS, or 25.40 % , in cost of mainte
nance of equipment was due.to increase in wages of employees and in cost of
materials and to increased renewals of cars and engines. While the gross
earnings increased 14.10% , the expense of conducting transportation In
creased only 0.03% .
There was an increase in revenue from passengers of $94,787. or 11.79% ,
and In revenue from freight of $268,906, or 12.25% . The number of tons
o f commercial freight carried increased 6.12% ; the number carried one mile
increased 15.69%.
D ividends. — Current dividends, aggregating 6 % , on the preferred stock
were charged against income. The extra dividend of 2% ($63,225) on ac
count of unfunded arrears was charged to profit and loss. The unfunded
arrears have now been fully paid.
F in an cial. — Oil Feb. 1 1906 $670,000 debenture 6% bonds due Aug. 15
1906 were paid from the proceeds of the sale of £134,000 general m ort
gage 5% bonds held in trust for that purpose.
The Alabama Great Southern Ry. Co., Limited, the English company
which has heretofore owned the capital stock of this com pany, went Into
liquidation on Jan. 16 1906. In aid of this liquidation, this company lias
funded, as of Feb. 1 1906, the arrears of dividend on the preferred stock,
with interest thereon at 4% per annum, amounting in the aggregate to
$399,464. and. in pursuance of an agreement dated Feb. 1 1906 entered into
with Southern Railway Co. .this company has issued its certificates of funded
arrears of dividend whereby it has promised to pay the total amount of
such funded arrears (viz., $399,464) in ten equal semi-annual installments,
with interest at 4% per annum, the first payment to be made Aug. 1 1906.
The payment of the principal and interest of these certificates is guaran
teed by Southern Railway Co. The amount thereof ($399,464) has been
charged off to profit and loss during this fiscal year. (V. 81, p. 1722;
V . 82, p. 159.)
The total charges to capital account during the year amounted to $337,161. of which $23,394 represents the cost of car works at Gadsden, Ala.,
and real estate at various points, and $313,767 part cost of new and addi
tional equipment contracted for under equipment trust Series C, dated
May 1 1906. This equipment trust covers 2,000 freight cars and 8 loco
motives and the 4 y2 % obligations issued thereunder amount to $1,479.000.
The equipment is to be delivered during the months of January and Febru
ary 1907. See V. 82, p. 867.
Physical Condition. — There were laid during the year 43 tons of new 80-lb.
steel rail, replacing worn 60-lb. rail, as against 6,179 tons of new 75 or 80lb. steel rail laid in the previous year. Of the main line owned, 93.39%
is now laid with 75-lb. or 80-lb. steel rail. 136,400 cubic yards of slag were
distributed during the year, 55,000 yards of which were used for ballasting
main line. 64,900 yards for renewal of old ballast, 12,000 yards for filling
slides and washouts, 2,000 yards for driveways and 2,500 yards for filling
culverts. During the year bridge No. 203 V , 380 feet long, was completely
2
renewed with creosoted timber and ballasted deck. Eight wooden trestles
were substantially renewed and 514 feet of wooden trestle were replaced
by permanent structure.
Terminal Stations. — The Chattanooga Station Co. has been organized,
in which Southern Railway Co., Central of Georgia Ry. Co., the Cincinnati
New Orleans & Texas Pacific w y. Co. and the Alabama Great Southern RR .
Co. are equally interested, for the purpose of erecting a modern passenger
station at Chattanooga, Tenn. Sufficient real estate has already been
purchased and contract will shortly be let for the erection of the station.
(The com pany was incorporated Dec. 19 1005.— Ed.)
The Birmingham Terminal Co. was incorporated for the purpose of se
curing necessary real estate and erecting a suitable passenger station at
Birmingham, Ala. Southern R y. Co., Ceutral of Georgia Ry. Co., St.
Louis & San Francisco R R . Co., Illinois Central R R . Co., Seaboard Air
Line Ry. and the Alabama Great Southern R R . Co. are equally interested.
(Company Incorporated in Alabama on June 29 1905 with $50,000 au
thorized capital stock. The 4‘ Manufacturers’ R ecord” of Oct. 12 1905
contained a picture o f the new station.— Ed.)
On account of the lack of passenger terminal facilities at Meridian, Miss.,
Southern R y . Co.. Mobile & Ohio R R . Co., New Orleans & North-Eastern
R R . Co., Alabama & Vicksburg Ry. Co. and the Alabama Great Southern
R R . Co. organized the Meridian Terminal Co. for the purpose of purchasing
suitable real estate at that point and the erection thereon of a union pas
senger station. This station was completed and opened for business on
Sept. 1 1906. in corporated In July 1904. See illustrated description of
station In “ Railroad Gazette” of May 18 1905.)
Cancellation of Lease. — The lease dated May 1 1899, by which the Belt
Railway Co. of Chattanooga granted to the Chattanooga Rapid Transit Co.
the use of certain tracks in and about Chattanooga, Tenn., for a term of
forty-six years, was by mutual consent canceled, effective June 12 1906.
The company’s rolling stock June 30 1906 (all owned except
1,750 freight cars and 12 locomotives) and the character of
its rails, ballast, &e., are shown below in comparison with
earlier years:
------ Ro lling Stock-----—
Road Ovmed (Miles)—
June Loco- Pass.
F r 7. ______-Rails
---- Trestles—
— Ballast----30 motives . Cars.
Cars. 80-lb. lb-lb. 60-lb. Slag. Ctrl’s. Wood. Iron.
—
...
...
-..
68
68
58
58
38
41
43
45
4.624
4.562
3.405
3.497
21
21
__
_
O P E R A T IO N S , E A R N IN G S ,
Operations —
1905-06.
Average miles operated.
309
Passengers ca rrie d _____
614.788
Pass, carried 1 mile _ _ 38,129,314
Rate p. pass, per mile .
2.36 cts.
Tons rev. freight carried 2.088.523
No. tons carried 1 mile 365.746,710
Rate per ton per mile_
_
0.67 cts.
Tons o f freight In each
train (revenue)____ .
368.31
Gross earnings per mile $12,199 41
Earnings —
$
Passenger ..................
890,085
F r e i g h t ------- -----------
Mall, express. & c...........
0.42
7.40
281
9
0.42
7.49
44
246
0.42
76
7.59
214
0.42
7.55
91
199
E X P E N S E S , C H A R G E S , &c.
1904-05.
1903-04.
1902-03.
309
300
309
549,342
480.076
525,081
33.421.822 30.328,825 29.430,288
2.41 cts.
2.45 cts.
2.50 cts.
2,816.270
2,065,010
2,627,872
316! l 39,870 203.707.323 245,804,840
0.69 cts.
0.71 cts.
0.70 cts.
250
250
225
172
19
19
65
118
315.09
$10,602 20
$
804.298
2 ,4 6 3 .0 1 8
2 ,1 9 5 ,0 1 2
308,990
298.53
$10,017 27
$
759,374
2,066,743
273.328
3.774,621
3.308 300
3,099,445
411,618
331.11
$8,887 30
$
710,700
1.747.025
282.103
2.749.818
1904-05..
$
1,301,058
526,083
694,822
95,600
89,412
l >l»* 04. *
Transportation .............
Malm, of way. & c______
Malm, ot equipment_
_
G en era l_______________
Taxes ...............................
1905-06.
$
1,387,277
61 1,904
871,310
92.675
98,701
1,176,703
507,845
602,903
97,618
89,450
1902-03.
$
974,139
449,734
477,343
78,703
84,882
Total .......................
P. c. of exp. to earnings.
Net earnings---------------Add miscel. Income____
3,061,867
(81.12)
712,754
53.300
2,706,975
(81.82)
601,325
51,226
2,474,520
(79.84)
624,925
19,977
2,064,801
(75.09)
685,017
12,469
T o t a l .......................... Deduct —
Interest and rentals____
Miscellaneous__________
Divs. on pref., 6% -X ___
766,063
652,551
644,902
697,485
296,241
71,357
195,056
286,542
41,025
185.437
286,542
37,748
185,437
286,542
29,812
185,438
T o t a l _______________
Surplus to profit & loss.
CONDENSED BALANCE SHE El'S.
J une 30'00. Dec.31 05.
June 30 ’06. Dec. 30 ’05-1
S
S
| Liabilities—
$
1906
1905
1904
1903
562,650
203,413
513,004
139,547
509,727
135,176
501,792
195,093
E xpenses —
x In addition, 4% ($123,624) was paid in 1902-03 from profit and loss
on account of unfunded arrears, In 1903-04 3% ($96,448), in 1904-05 3%
($95,491), and in 1905-06 2 % ($63,225).
“ Unfunded arrears” have
been paid.
B A L A N C E S H E E T J U N E 30 1906.
1905. |
1906.
1906.
1905.
S
Assets—
S
S
S
I Liabilities—
Cost of road_____ 12 ,927.747 12,904,3531 Ordinary shares. . 7.830.000 7.830.000
Equipment owned 2 .9S4.936 2,671,1691 Preferred shares. _ 3,380,350 3,380,350
Investments____ 1 ,639.201 1,600,0341 First mort. bonds_ 1.750.000 1.750.000
Car trust equipin’t 2 ,427,000 1.072,0001Debentures ______
670,000
Arrears of divi
Gen. mort. bonds. 3,207,600 2,556,360
dends _________ _
258,S33! Equip’ t trusts. . _. 2 ,427,000 1.072.000
Material on hand.
399,464
197,933
258,832
197.2991 Certfs. fordiv’d s..
Cash____________
25S.S09
231,571! Int. accr’d, not due
49,941
25,304
Remittances
in
478,742
256,812
IReserve for equip.
transit........ .....
68,657
44,7431 Taxes not due___
57,132
49.1S8
Station agents. <
fcc 104,989
94.6471 Miscell’s reserves..
209,219
27,401
London office___
1,3281 Int. and rentals__
66,884
74,907
Other transporta
Res. for div. on pf_
101,410
tion companies.
234,595
213,600 Vouch. & ac’t. pay 433,565 ” 409,454
U. S. P. O. Dept_.
18,227 Pay-rolls_______
18,657
130,849
113,641
Individuals and
Individ’ Is & cos__
16,954
28,297
companies____
310,313
182,201 Oth. trans. cos__
111,487
160,717
Miscellaneous___
65,034
7,615 A. G. S. Ry.Co.Ltd
3,728
576 A li
Profit and loss___
841,971
T o tg l------------- 21,238,051 19,497,621
-V. 83, p. 1170.
T o ta l------------- 21,238,051 19.497,621
Cincinnati New Orleans & Texas Pacific Railway.
(Lessee of the Cincinnati Southern Railway.)
(R e p o r t f o r F i s c a l Y e a r e n d in g J u n e 30 1906.)
President Samuel Spencer, Oct. 15 1906, says in substance:
Earnings. — The gross earnings increased $1,096,279, or 1 4.90% , and the
net earnings $344,454, or 20.05% . Maintenance of way and structures
shows an increase of $113,798, or 7.42% , due to charges for new 85-pound
rail to take the place of old 75-pound rail, and for renewals and strengthen
ing of bridges.
The number of tons o f custom freight moved increased in 1905-06 21.84% ,
and the number carried one mile increased 21.86% .
D ividends. — Dividends aggregating 5% were paid on the com m on stock
during the fiscal year, of which 2% was paid Dec. 15 1905 and 3% June 25
1906, all of which was charged to income. Dividends o f 5% were paid also
during the previous year, of which 3% was charged to income and 2%
declared out of surplus net earnings accumulated prior to June 30 1904,
to profit and loss.
Rental. — The increase of $27,300 in rental paid to the city of Cincinnati
was due to the interest and sinking fund on terminal bonds issued by the
trustees of the Cincinnati Southern Railway for acquisition of terminals in
the City of Cincinnati, in accordance with the terms of the supplemental
agreement dated June 7 1902. The aforesaid trustees on Julv 2 1906 sold
$500,000 of terminal bonds, completing the issue o f $2,500,000 authorized
by the Legislature to be sold $500,000 yearly for terminal facilities In
Cincinnati. The entire issue bears 3 l % interest, amounting to $87,500,
A
which, with a sinking fund of 1 % , $25,000 per aunum, must, under the
terms of the lease, be paid by the company as additional rental.
Improvements. — $440,826 charged to income on account of permanent
improvements made represents the cost of certain new and additional
second main line, side and passing tracks, all of which will revert to the
city of Cincinnati under the terms of the lease.
Financial Condition. — $1,500,000 was borrowed on April 1 1906 for the
purpose of constructing second main track, eliminating grades and the
filling, rebuilding and strengthening of bridges between Somerset, K y .,
and Oakdale, Tenn., a distance of 93.7 miles. The loan, payable in ten
equal semi-annual installments, the first being due Oet. 1 1906, and the last
April 1 1911, is represented by 5% notes dated April 1 1906. The total
charges to capital account during the year amounted to $559,752, of which
$93,072 represents the cost of real estate and buildings at various points
and $466,680 cost of additional equipment.
Equipment Trust Obligations.— Payments during the year on equipment
trust obligations amounted to $204,258; 3,041 freight and ballast cars
were contracted for in May 1906, to be delivered prior to Jan. 1 1907, of
which 40 ballast cars and 1 plow car have been received. A cash payment
of $410,915 was made on account of this equipment, and series “ B” equip
ment trust obligations amounting to $1,938,000 were issued for the bal
ance (see V. 82, p. 867, 928); also 250 additional flat cars were contracted
for and received during the year under trust dated Dec. 18 1905 for $158,044. to be paid for in 24 equal monthly Installments, beginning Apr! 1 1906
and ending March 1 1908. Three switch engines and 4 baggage, mall and
express cars were purchased and added to the equipment during the year.
Improvements, & c. — Liberal expenditures are being made for renewal of
bridges to carry heavier loads and for additional tracks. These expendi
tures should continue for some years, until ail bridges on the line have been
reinforced or rebuilt to carry heavy locomotives and to provide additional
tracks as required for the proper and economical movement of the Increas
ing traffic. The cost of these and other permanent improvements, which
will, under the terms of the lease, revert to the city of Cincmnatl, cannot
be capitalized In the accounts of the Lessee Company, but must be charged
to expenses or income.
Cross-ties renewed, 248,903, or an average of 438 per mile; 19.18 miles of
new 85-lb. steel rail were laid, replacing worn 75-lb. steel rail, as against
5,521 tons, or 42.02 miles, in the previous year. 77,835 cubic yards of
ballast were placed in track as follows: Stone, 28,154; slag, 19,063;
cinders, 30.618. 38 automatic signals were added and 103 semi-auto
matic and slotted signals and mechanical signals changed, making a total
of 020 signals In use June 30 1906, protecting 331 miles of main line: 8 miles
by staff system, 3.4 miles by lock and block, and 319.6 miles by automatic
block system.
The total length of bridges and tunnels In lineal feet was as follows:
Iron or
Steel.
June 30.
Wooden
Trestles.
Open
D rains.
Total
of all.
Total
Tunnel.
1906. ...........29,308 lin. ft.
1 ,440
343
31 061
(?)
1905............. 29.471 “
“
1,192
343
31,006
26,208
1904.............30,200 ”
4
4
1,192
402
31,794
26,208
It Is expected that by March 1 1907 second main track will be completed
and In operation between Flat Rock, K y .. and Hclenwood. Tenn., a dis
tance of 30 miles. During the year 18.09 miles of side, yard and passing
tracks were built.
The new freight station provided b y the trustees of the Cincinnati
Southern Railway on the property bounded by Vine. Plum. Commerce and
Water streets In the city of Cincinnati was occupied by tin- company on
Oct. 8 1906. Use of the freight depot formerly occupied under lease from
the Baltimore & Ohio Southwestern RR. Co. has been discontinued. 'Sec
also “ Chattanooga Station C o.” in report of Alabama Great Southern RR .
above.)
The
Total
1225
THE CHRONICLE.
X ov. 17 1906. J
p a st,
s ta tis tic s
and
th e
of operations and earnings for four
sheet, follow:
b a la n c e
years
1226
THE CHRONICLE
O P E R A T IO N S , E A R N IN G S , E X P E N S E S A N D C H A R G E S .
1902-03.
1903-04.
1904-05.
1905-06.
Operations—
982,575
1,083,643
1,200,860
1.518,304
No. of pass, carried----Pass, carried one mlle._ 67,321,245 65,277,186 53,979,621 50,941,305
2.25 cts.
2.29 cts.
2.14 Cts.
2.13 cts.
Rev. p. pass, per mile
3,834,141
3,860,712
4,026,287
Tons rev. freight moved 4,905,687
Tons fr’t moved 1 mile. - 800,454,630 730,727,269 688,461,807 662,589,351
0.71 cts.
0.73 cts.
0.75 CtS.
0.72 Cts.
Revenue p. ton p. mile.
412
385
389
424
Av. tr. load (rev.), tons$
$
$
$
1,41
1.47
1.61
1.49
Earn. p. pass, train mile
2.91
2.93
2.82
3.05
Earns, p. fr’t train mile.
18,320
20,145
21,900
25,163
_
Gross earns, per mile_
Earnings —
4,681,877
5,177,700
5,341,482
6,406,587
Freight
...................
1,145,063
1 ,236,086
1,389,810
1,440,359
Passenger
... ----142,506
164,674
144,303
164,705
Mail service. _________
134,204
146,893
167,143
154,686
Express service-----------51,805
63,762
307,966
276,103
Miscellaneous------ —
Gross earnings______
8,454,897
7,358,618
6,768,744
6,155,455
Maint. of way, &c__ _
Malnt. of equipm ent_
_
Conduct’g transport'll. .
General _ _____- ___
_
Taxes ____________ . .
1,646,706
1 ,436,275
2,880,083
213,605
216,002
1 ,532,908
1,180,467
2,527,432
184,039
216,001
1,267,929
1,203,174
2,304,280
179,939
216,001
959,267
966,880
2,365,792
141,506
215,994
Expenses —
4,649,439
6,392,672
5,640,847
5,171,323
Total expenses ____
(76.40)
(75.61)
(76.66)
(75.53)
P. c. of exp. to earns _
1,506,016
1 ,717,770
1,597,421
2,062,225
Net earnings ______ ..
Deduct—
1,099,647
1,207,000
1 ,179,700
1,166,931
Rental
_ . . __
26,634
cr.56,817
• 9,630
cr.24,058
Interest (net) . _ _____
(
Div. on pref. stock.
.(5 %) 100,000(5%) 100,000 i 5)100,000(5 5 -12)108,333
zrDiv. on com. stock_ (5)%150,000 (3%) 90,000
_
vSee foot-note.?* S&l
440,826
80,225
145,990
Permanent improvem’ts
1,924,460
137,765
Total charges._
_
Balance, surplus
1,525,320
192,452
1,323,098
274,324
1,151,166
354,850
x There was also paid on common stock and charged to profit and loss ac
count 2% Sept. 1 1904 and 2% Dec. 1 1903.
BALANCE SHEET JUNE 30.
19051906.
1906.
1905. |
Assets—
S
S
I Liabilities—
Equipment owned . 5,035,957 ,569,277 jCommon stock___ 3,000,000 3,000.000
Trust equipment— 2,926,289 ,034,5031 Preferred stock___ 2,000,000 2,000,000
Misoel.prop .&secur. 1, 000.000 800,0001 5% gold notes____ 1,500,000
Tools & machinery.
184,330 184,330! Reserve for require
Real estate & bldg. 302,955 209,8831 ments of lease__ 1,519,811 1.273,292
Supplies & materials 512,562 431,535! Reserve for renewal
Sp. reserve for lease 431,647 403.1991 of equipment___
880,743 631,724
Sp. res. for renewals 457.438 428,9901 Reserve for taxes.188,860 164.252
Cash____________ 1,007,531 645,3371 Miscel. reserves___
158,716
94,446
Remitt’ces in transit 104,569 117,384! Equip, obligations. 2,926,289 1.034.503
Agents & cond’ctors 321,339 238,317! Rent & int. accrued 278,715 247,696
U. S. Government42,189
41,1941 Unpaid vouchers __ 211,219 204,923
Other trans. cos__
438,460 473,335! Unpaid wages___ _ 287,487 243,950
Bills receivable___
16,018
21,3641 Due other trans.cos. 214,757 210,064
Sundry debtors___
75,120
16.717! Due to individuals
Non-adjusted claims
176,152
49,994
79,3291 and companies __ 287.988
Unexp. bal- const’n
86,511
42,518
I Miscellaneous____
& improv’t fund. 1,158,363
------ | Profit and loss____
554,755 411,404
Miscellaneous____
31,090
40,2311
Total assets__ .14,095,850 9,734,9261
-V. 83, p 1170.
Total liabilities. 14,095,850 9,734,926
merican Cotton Oil Company.
(R ep o rt fo r F i s c a l Y e a r en d in g A u g . 31 1906.)
[V O L . LXXX1IL
Westinghouse Electric & Manufacturing Co.
(R esu lts f o r Y e a r 1905-06 a n d 5 m on th s en d in g A u g . 31 1906.)
The following statement has been made to the New York
Stock Exchange (see a subsequent page), the net earnings
as shown averaging $400,452 for the‘ five months ending
Aug. 31 1906, against $281,644 for the fiscal year ending
March 31 1906.
Year ended 5 mos. ended
Mch. 31 '06. Aug. 31 ’06.
Net earnings__________
$3,379,731 $2,002,258
Deductions—
Adjustment of sundry old accounts, charges to de
preciation, development expenditure and various
current adjustments___
$1,013,836
$234,572
Interest on convertible sinking fund bonds ___
106,670
266,683
130.850
52,798
Interest on debenture certificates- _____________
Interest on Walker Co. bonds________
51,000
21,300
Interest on mortgage, Newark prop erty..
3,595
912
Dividends on pref. stock (at rate of 7% per annum)
399,870
166,613
Dividends on assenting stock (at 10% per annum) _
2,099,793
874.881
Total deductions________ ___________________ $3,805,614 $1,617,759
Balance-------------------------------------- „ _____ def.$425.883 sur.$384,499
Compare balance sheet In V. 83, p. 209, 320, 704.
United States Finishing Company.
(R ep o rt fo r F i s c a l Y e a r en d in g J u n e 30 1906.)
President J. II. Wright, Oct. 18 1906, says in substance:
General Results.— During the year the company finished 281,676,285
yards of goods (equivalent to 160,000 m iles),’ an increase of more than
27,800,000 yards, or 16,000 miles, over the previous year. The income from
production was $4,683,819, an increase of more than $500,000. Liberal
disbursements for the maintenance and renewal of buildings, machinery,
etc., are included in the charges for maintenance and general expenses^
and there is also included under this bead the sum of $85,870 for interest
on current bills payable. The net earnings were $(542,162, an increase of
$216,273. After payment of 7% on the preferred stock, the result is a
surplus of $277,513, which has been carried to the credit of surplus account»
increasing that account to $1,884,838.
Bonds .— By payment of $171,000 6% bonds and the sale of a like amount
of the consolidated mortgage 5% bonds during the year, the company
makes an annual saving of 1% on $171,000. During the year the sinking
fund acquired $61,000 of 5% underlying bonds, against which an equal
amount of the consolidated 5% bonds have been sold; and $68,000 addi
tional consols were also sold, increasing the bonded debt by $68,000,
against which the notes payable have been reduced $248,000.
Improvements .— During this period additions and renewals have been
made to the different plants amounting to $289,928, of which $69,097 has
been added to the plant account and $220,831 has been charged to operating
expenses.
Sterling Improvement C o .— Desiring to increase the capacity of the Sterling
plant, your directors in June of this year caused to be organized under the
laws of Connecticut for that purpose The Sterling Improvement Co., with
a capital stock of $250,000, all of which is owned by this company, and
the following improvements have been contracted for and are now approach
ing completion— 15 double tenements, housing about 100 additional
hands; a 3-story brick addition to the main building, 52x115 feet, and
two smaller additions 41x52 and 20x36 respectively; and sufficient new
machinery to increase the production of the Sterling plant about 50%..
The total expenditure will be approximately $150,000, all of which Is to
be provided by The Sterling Improvement Co. under satisfactory conditions,
including the ultimate ownership by this company
The company is already realizing some benefits from these improvements
which, it is expected, will be completed before Jan. 1 1907.
INCOME ACCOUNT YEAR ENDING JUNE 30.
1905-06. 1904-05. i
1905-06. 1904-05.
S
S
i
$
8
Gross receipts--------4,683,819 4,147,831! Net earnings_______ 642.162 425.859Cost of production..3,309,488 3,041,724! Interest on bonds.. . 182,649 180,035
The remarks of Chairman George A . Morrison, with bal
ance sheet and profit and loss account, will be found on
pages 1237.
The list of subsidiary companies remains
Net earnings.. . 1,374,331 1,106,107
unchanged from last year. See V. 77, p. 1872.
Other income__ . . . . 29,445
25.994!
The following comparison for four years has been prepared
Total earnings___ .1,403,776 1,132,101
for the “ Chronicle. ”
Maint. and gen. exp. 761,614
PR O F ITS A N D D ISB U R S E M E N TS.
1904-05.
$
1903-04.
$
1902-03.
$
1,015,382
(1)202,371
611,916
844,835
(1)202,371
611,916
1,530,081
(4)809,484
611,916
376,879
a7,053,232
201,095
6,975,808
30,548
7,001,897
108,681
6,909,425
7,430,111
7,176,903
7,032,445
7,018,106
1905-06.
$
Net profits above all In
terest, administration
exps., deprec’n, <fec_. 1,393,537
Dividends on common. _ (2)404,742
611,916
Divs. (6%) on preferred.
Surplus
. . .
Previous surplus
Total surplus
___
_
a After deducting difference resulting from sale of inactive properties,
viz., $123,671.
B A L A N C E SH E E T A U G U ST 31.
1906.
1905.
1904.
1903.
Assets —
$
$
$
$
Real estate, &c., &c___ 13,175,673 12,935,210 12,650,420 12,433,122
_____
627,949
Cash
1,506,391
721,059
1,280,493
2,537,987
Bills & acc’ts receivable. 3,016,927
2,465,615
2,348,099
Products, raw material,
&c., available
3,404,495
4,386,927
3,416,953
3,571,247
Good-will, patents, <fec._ 16,164,759 16,417,967 16,562,425 16,576,763
Total assets
37,268,245
Liabilities—
Common stock _
20,237,100
Preferred stock . . . _ _ 10,198,6^00
Debenture bonds _ _
_
5,000,000
Bills payable
Commercial accounts_
_
1,103,095
Accrued interest _ _ _
18,750
Dividends . _
710,700
36,906,040
35,816,472
36,209,724
20,237,100
10,198,600
5,000,000
943,261
18,750
508,329
20,237,100
10,198,600
3,000,000
1,125,000
736,193
11,250
508,329
20,237,100
10,198,600
3,000,000
1,050,000
597,332
11,250
1,115,442
Total liablities______
— V. 83, p. 1172, 820.
36,906,040
35,816,472
36,209,7 24
37,268,245
(The) Pullman Company.
(R e p o r t fo r F is c a l Y e a r en d in g J u l y 31 1906.)
The results for several years are as below. No balance
sheet is furnished (but see V. 82, p 279).
1905-06.
1904-05.
1903-04.
1902-03.
Passengers carried (No.) 16,25-3,947 14,969,219 13,312,668 12,321,260
Total revenue_________ $29,588,642 $26,922,023 $24,7S8,730 $23,120,713
Disbursements—
$
$
$
$
Operating expenses___ 15,344,740
13,884,983 12,254,160 10,389,460
Depreciation of Cars, &c
2,609,422 2,331,476
2,318,874
2,739,314
Paid other sleeping car
associations_________
744,421
651.010
554,095
574,252
8% div. on capital stock
5,919,984 5,919,982
5.919,976
5,919.968
Total disbursements.
S urplus_______________
24,618,567
4,970,075
22.787,451
4,134,572
. 459,513
(7%)i- 182,000
21,047,105 19,622,994
3,741,625
3.497,720
Total surplus July 31 1906, $27,122,021; capital stock,
$74,000,000, to be increased to $100,000,000, as stated on a
preceding page of this issue.— V. 83, p. 1174, 973.
Assets—
Plants.................
Treasury stock . . .
Stocks and bonds.
Inventories------Cash___________
Notes receivable..
Accts. receivable.
Cash in sink. fund.
Total.
706,212!
- 1
642,162 425,8891
Total surplus..
BALANCE SHEET JUNE 30.
1906.
1905. 1
S
S
i Liabilities—
7,732,154 7,663,056! Common stock__
X175.000I Preferred stock__
51,4001 Bonds outstanding
y 175,000
1,316,434 1,320,2611 Notes payable___
426,772
323,4271 Aceounts payable.
13,6831
July div. & coupon
523,079! Sinking fund____
• 3 1 ,0 7 1
512
57! Surplus_________
245,854
171,305
. 277,513
74.549
.1,607,325 1,532,776
. 1,S84,838 1,607,325
1906.
1905.
$
S
1,000,000 1,000,000
2,600,000 2,600,000
3,099,000 3.031,000
1,290,000 1,538,000
170.092
175.581
115,500
113,000
16,512
5.057
1.884,838 1,607,325
_. 10,181,942 10,069,9631 Total_________ 10,181,942 10,069.963
x $250,000 common stock.
Bonded Debt June 30 1906—
y Stock of Sterling Improvement Co.
Total.
Redeemed. Outstand'g .
U.S. F. Co. 1st M. 5 % , d'Ve July 1919___ $1,750,000
Sterling D. & F. Co. 1st M. 5% , due July 1
1926 ______ __________________________
500,00®
Silver Spring B. & D. Co. 1st M. 6% , due
Oct. 1 1910__________________________
500.000
Silver Spring Co. “ A ” M. 6% , due various
dates to Jan. 15 1908 _______________
500.000
U. S. F. Co. cons. M. 5% , due July 1 1929. 3,500,000
$266,000 $1,484,000
500.000
55,000
445.000
330,000
“ 2/”
170.000
500.000
“ ?/” Reserved for retirement ot above underlying issues, $2,599,000: re
served for account of U. S. F. Co. first mortgage bonds in sinking fund
$117,000; bonds in treasury available for issue, $284,000; outstanding
consolidated bonds, $500,000.
The total number of stockholders June 30 1906 was 626.
Preferred 480, common 146.— V. 83, p. 1175, 973.
Consumers’ Gas Co. of Toronto.
(R ep ort fo r F i s c a l Y e a r en d in g S e p t. 30 1906.)
President George R. R. Cockburn says in substance:
Output.— The output of gas for the past year amounted to 1.537,818.000
cubic feet,being an increase of 163,704,000 cubic feet,or 11.91% over that
of the previous year.
Additions .— Over 16 miles of new mains have been laid, making the total
mileage 318, and 4,427 new services have been put in. The new retort
house and purifier house have been completed and a coal house and coke
house are under construction. Contracts have been entered into for a
stack of retorts and for purifiers capable of dealing with 2,500,000 cubic
feet per diem, and it is expected that these and all the other-apparatus and
machinery for the new works will be completed by about Oct. 1 1907.
City Contract.— Our contract to supply gas to the Carbon Light & Power
Co. for the city street lighting having expired, and the city having decided
to undertake this work, the company entered into a contract with the city
for the supply of eras for three years commencing Oct. 1 ultimo.
Nnc Stock .— On April 3 5,000 shares of the company’s stock ware dis
posed of at public auction. at an average prAT-nUjrp o ' 100.75 %.
Price oj Gas Reduced .— In view o*‘ t no > »r Victor * results of the business
for the past year, and the spe'ta 'urt»lu<? arrotmt having
nearly reached
he amount provided by statute catling for a reduction In
price of gas
he directors felt warranted In reducing the net price to ore!diary consum-
THE CHRONICLE
Nov 17 L906.J
ers from 80 coats to 75 cents per 1,000 cubic feet from Oct. 24 1006. As
far as can be ascertained, this Is as low a price as that charged by any gas
company on the continent of America.
1227
In te r n a tio n a l T e x t-B o o k
C o. of
S c ra n to n , P a .
(Balance Sheet of May 31 1900.)
Assets ( $ , 258 , 325 ) - —
$
7 , 2 3 8 , 325 ) —
$
The results for the last three years and the balance sheet Real estate7and buildings. 690,608 | Liabilities ( $(authorized—
Capital stock
of Sept. 30 1906 and 1905 compare as below:
Plates of publications
.1,176,983! par of shares $100)
4,000,000
252,1891 1st M. 5% bonds of Colliery
1003-04. Furniture and machinery
322,9941 Engineer Co. V. 79, p.
984 Textbooks, supplies, Ac
Agency establishment _ . 430,0011 2799)
309,000
36,428
Accounts receivable. -.3,326,5401Accounts payable
232,054
$905,859 Stock of other companies.
342,673 ! Surplus (excess of assets
77,436 Sinking fund ____
104,833) over liabilities) . . .
.2,697,271
Cash Items-------------------- 591.504 |
The stock
$983,295 per annum. Is said to be receiving regular dividends at the rate of 10%
See also V. 79, p. 2799.—V. 82, p. 1443.
714,947
1905-06.
1904-05.
Total street lamps, number------ -----1,026
l .002
Total meters, number----- --------------43,860
39,711
Receipts from gas ren ts................... $1,136,885 $1,006,421
Income from coke, tar. Ac..................
104,946
89,229
Total income____ ______________ $1,241,831
731.879
Operating expenses and taxes----------
$1,095,650
683.398
Net earnings___________________
Imerest from debentures----- --------
$509,952
3,976
$412,252
3,941
$268,348
4.182
Total net Income.............................
$513,928
$416,193
$272,330
Interest............- .................- --------Dividends (10% )-- .............................
Renewal fund (5% )........ ...................
Reserve fund
_ ____________
$6,574
236.771
179,653
26,844
$4,915
219,927
170.891
$13,821
191.152
Balance, surplus for year..........—
$64 ,0S5
$20,460
$67,5o7
Deduct—
X
x There was transferred from the reserve fuud to the renewal fund
$153,084 11 1903-4.
1
BALANCE SHEET SEPT. 30.
1906.
1905. I
1906.
1905.
Assets—
$
$
! Liabilities—
$
$
Plant, etc_____ 4.393.459 3,883,550 | tock _________ 2,500,000 2,250,000
S
Materials. A c
71,265
55,4S7 Reserve fund
1,000,000 973,156
4.340
4,3401Renewal fund., 413,285 409,523
Horses, Ac__ Cash_________
699
133! Dividend_____
62,485
56,250
Debentures
97,799
98,040 j Dominion Bank_ 141,3S8 221,459
Acc’ts receivable 201,802 182,1661
Sundry acc’ts__
61,343
38,438
ISpec. surp. acc’t 64,085
__
IStock prem. (’04) 526,779 274,890
Total ______ 4,769,365 4,223,716!
Total
4,769,365 4,223,716
The dividend recently paid was No. 226.— V. 83, p. 1101.
H a r b is o n -W a lk e r R e fr a c to r ie s C o ., P i t t s b u r g h , P a .
(Report for Fiscal Year ending Sept. 30 1906.)
President S. C. Walker, Nov. 6 1906, says in substance:
An examination of the fourth annual statement, herewith submitted, will
show that the directors are justified in declaring the total amount of the
deferred dividend, amounting to $2 50 per share on preferred stock. (See
announcement on another page.— Ed.) The result of the year’s business
is very gratifying for the reason that the earnings have been made under
severe competitive conditions.
As fire clay is widely distributed over several States, it is practically im
possible to control the raw stock. Unnatural or artificially sustained prices
are a constant incentive to the erection of additional plants and the bring
ing of new people into the business. While the management recognizethat price agreements, purchase or consolidation with other plants would
largely increase profits, such increase would only be temporary and would
finally leave the business in much worse condition for everybody who stayed
In it. As those in the management of the company hold their stock for
investment and not for speculative purposes, they have, after very careful
consideration, decided that they will neither purchase works nor enter into
price agreements, even if the agreements submitted were lawful.
Your organization is now very efficient and all those connected with
same are full of faith and confidence in the future of the company, pro
vided the policy as outlined above is adhered to.
GENERAL IN VESTM EN T NEW S.
R A IL R O A D S , IN C L U D IN G
STREET R O AD S.
Foreclosure Sale.—This prop
erty is advertised by the mortgage trustee (understood to
be the Title Insurance & Trust Co. of Los Angeles), to be
sold at public auction at Oxnard, Cal., Dec. 5.
B a k e r s fie ld & V e n tu r a R y .—
The company was incorporated in California In February 1903 with
$5,000,000 of authorized capital stock to build an electric railroad from
Hucneme to Bakerslield and McKettrick. The President was the late Eben
Smith of Moffat A Smith of Denver, who resided In Los Angeles and whose
estate, It Is understood, holds the $2,000,000 bonds outstanding on the
property. In February last 18 miles of track was reported under construc
tion.
B a l t i m o r e & O h io R R . — New York Division & Terminal
First Mortqaqe.— See annual report in last week’s issue on
page 1042.
Stock Withdrawn from Collateral.— See Pennsylvania Com
pany below.— V. 83, p. 1030, 1036, 1041, 686.
B a y S h o r e T e r m i n a l C o . o f N o r f o l k , V a . — No Injunction.—
The United States Circuit Court of Appeals on Nov. 14 dis
missed the order to show cause why a writ of prohibition
should not issue against the Circuit Court restraining the
latter from confirming the sale of the road. The right of
Frank D. Zell to appeal from the proposed order of Judge
Waddill to continue the injunction restraining Zell from
prosecuting his suit in the Court of Common Pleas, Phila
delphia, was upheld.
Acquisitions.— E. B. Smith & Co., of Philadelphia, it is
reported, have purchased through J. A. C. Groner, their Vir
ginia representative, all the stock of the Elizabeth River &
Hampton Roads Ferry Co., the Virginia Transportation Co.
and the Elizabeth River Ferry Co., which own the only
charters in existence for ferries in the harbor of Norfolk,
Portsmouth and Berkley, and between Norfolk and Newport
News and Old Point, with the exception of the Norfolk
County Ferry charters.— V. 83, p. 968.
B i r m i n g h a m ( A l a . ) T e r m i n a l C o . — Status.— See report of
Alabama Great Southern R R . on a preceding page.
B o sto n
E le v a te d
R y . — Report.— For the year ending
Sept. 30:
Year.
Gross.
Net.
Oth. inc.
Charges. Bal.fordiv •
Chartered public accountants certify in part:
1905-06______ $13,527,185 $4,220,235 $107,426 $3,475,882 $851,778
All charges to capital account are for actual additions to plants or for 1904-05______ 12,689,676 4,072,023
51,893
3,288,831 835,085
additional property, and are correctly charged. A sufficient sum has, in 1903-04______ 12,391,353 3,759,800
45,240
2,975,268 829,772
out opinion, been written off to take care of the exhaustion of the clay and
coal land. There has been actually expended and charged against operat
Dividends of 6% yearly call for $798,000, leaving surplus
ing expense a sum for extraordinary repairs and betterments sufficient to of $53,778 against $37,085 in 1904-05 and $31,772 in'1903-04.
take care of all depreciation of plants. In addition, $100,000 has been ap
propriated and expended out of the year’s revenue, on account of new con — V. 83, p. 93.
struction, to replace capacity of old and abandoned work.
PROFIT AND LOSS ACCOUNT FOR YEAR ENDING SEPT. 30. ^
1905-06.
Net profits after deducting expenses
($266,370 In year 1905-06) for all
ord. repairs and maint., which
cover depreciation of plants____ $1,739,082
Deduct—
Extraor. exps., remod. kilns, works,
Ac., and Increasing capacity and
efficiency of same__ __________
57.216
Approp. and exp. for new construe,
to replace capacity of old and
abandoned plants_____________
100,000
Ch’ged off for depree’n of mining,<fcc
55,892
Charged off for depreciation of clay,
coal and ganlster properties____
26,581
1903-04.
1904-05.
$1,169,990
$1,068,057
44,172
6$777,956
31,684
35,914
13,106
16,342
$350,216
$209,830
a The deferred dividends on deferred stock, amounting to 2 l % (calling
A
for $240,000) have been declared payable in full on Nov. 26. See Item on
a subsequent page.
b “ In accordance with the sinking fund requirements, there have been re
tired during the year $175,000 of bonds.”
BALANCE SHEET SEPT 30.
|
1906.
| Liabilities—
S
Prop, and Iran, of
|Bonds....... .......... 2 790.000
const!t. com 28.748.710 28.735,956 Common stock 18,000.000
Bettermeats.comPreferred stock. . . 9.600.000
pleted....... ......
719.201
28S.705 1 1nt.detaxes accru'd
86,500
Betterments, unDepletion fund_
_
62,249
completed.......
2,090
439.090 Pay-rolls...... ......
67.762
Deferred charges
Accounts payable- y210,581
to future oper.. zb 14.207
409.206 Pur. money ratge. ......... Invent, at cost... 1.104.748 1.003.506 Deferred dlv. «240.000
Cash ........... ...
722.990 547.906 Prem. on bonds ..
33,197
Ace’ l receivable.. 1/1.362.520 1.101.495 Sundry reserves..
h
86.753
Bills receivable...
18.073
21.022 Surplus........... . 2.01'5.097
Assets~
1908.
$
1905.
S
1905.
S
2.965.000
18.000.000
9.600.000
80,312
52,755
62.249
231.549
40.#00
210.000
30.885
1.238441
Total.............. 33.193.139 32.546.8911 Total............... 33 193.13*) 32 5 -Mw
*
1 In 'd iid ^ ria v . coai and
. r i n a n "vo* outfits <*2-15.33'),
royalties strippin g, prospectin g urn* » n p ic • i extra ord in a ry repairs A c
'*
v vec-ow
ntM of constituent companies against each other omitted.
2
uavaueeU
Total issue. S3.50Q.000. less purchased and canceled for sinking fund. $710 000.
a see foot note (a) to profit and loss account above.—V. 81. P- 1789.
results for
Year—
Gross.
1905-06 ______________$514,465
1904-05 ______ _______ 453,905
—V. 81, p. 1722.
Net.
$245,074
218,710
Charges. Div. (6%) Bal.,sur.
$132,676 $103,500 $8,898
113,648
103,494
1,568
Buffalo & Susquehanna R y . — Track Laying Completed.—
The company has finished track-laying to Buffalo, N. Y .,
66,408 completing the 86 miles of road which constitutes the north
ern end of the system.
$88,962
$118,664
Total deductions_____ _____
$239,689
Net profits...... ..............
$1,081,028
$949,393
$1,499,393
$154,812
$163,563
Interest on bonds______________
$145,437
Dividend on preferred stock____ (6%) 576 ,000 (4%)384,000(5 H%)528 ,000
Reserved for preferred dividends..
(2%) 192,000 («4%)48,000
Surplus for the year
B o s t o n & W o r c e s t e r S t r e e t R y . — Report.—The
the year ending Sept. 30 were:
The road Is laid throughout with 85 lb. rails, and has heavy bridges of
concrete and steel. It Is a low-grade, comparatively straight route. It is
expected the entire line will be opened for both freight and passenger
business before the end of the year. The system comprises 370 miles of
road, extending from the rich bituminous coal fields surrounding Pitts
burgh to Buffalo and Lake Erie.—V. 82, p. 1495.
C e n t r a l V e r m o n t R y . —Listed.— The New York Stock Ex
change will list $10,925,500 first mortgage 4% guaranteed
bonds of 1920, $10,654,500 to be listed immediately and
the $271,000 additional from time to time prior to May 1
1907.— V. 83, p. 969, 751.
C h a tta n o o g a
( T e n n .)
R a i l w a y s . — First Dividend.— The
directors have declared a quarterly dividend of 1
on the
$1,000,000 5 per cent preferred stock payable Dec. 1
to holders of record Nov. 15. The company was organized
in April last as a consolidation of all the street railway in
terests at Chattanooga.— V. 83, p. 562.
C h a t t a n o o g a ( T e n n . ) Station C o . — Status.— See report of
Alabama Great Southern RR. on a preceding page.
C h i c a g o & E a s t e r n I l l i n o i s R R . — New President.— VicePresident H. I. Miller has been elected to succeed A. J.
Davidson as President of the Chicago
Eastern Illinois and
Evansville & Terre Haute, the latter having resigned in order
to devote his entire attention to the development of the St.
Louis & San Francisco. Mr. Miller also succeeds Mr. David
son as a member of the Executive Committee of the Chicago
& Eq^r^rn Illinois. — V. S3, p. XX7.
ChioigD Rock Inland & Paci ic R y .— Ne n Equipment. and
Equipment Trust.— An order has been placed for 4,000 freight
cars, 60 passenger cars and 50 locomotives, the total cost
o be between $6,000,000 and $7,000,000.
THE CHRONICLE.
1228
T h e c o m p a n y ^ s u b s i d i a r y , th e R o c k I s la n d ^ Im p r o v e m e n t
C o ., r e c e n tly filed an e q u ip m e n t tr u s t a g r e e m e n t to th e
B a n k e r s ’ T r u s t C o . o f N e w Y o r k , as tr u s te e , to sec u re an
issu e o f $ 5 , 6 0 0 ,0 0 0 4 j /£ % e q u ip m e n t tr u s t c e rtific a te s, series
B , d a te d N o v . 1 1 9 0 6 a n d d u e $ 2 8 0 ,0 0 0 s e m i-a n n u a lly .
S eries A , $ 4 , 5 0 0 ,0 0 0 , 43d > % , issu ed in 1 9 0 4 -0 5 on a c c o u n t o f
5 0 lo c o m o tiv e s , w as d e p o site d u n d e r th e c o m p a n y ’s g en era l
m o r t g a g e , a n d it w a s th o u g h t th e s a m e cou rse m ig h t b e
ta k e n w ith series B . — V . 8 3 , p . 1 0 9 4 , 7 6 0 .
Chicago West Division Ry.— Notice to Bondholders.— In
v ie w o f th e p e n d in g litig a tio n a ffe c tin g th e C h ica g o U n io n
T r a c t io n C o . a n d its d e p e n d e n c ie s, to w h ic h referen c e w a s
m a d e O c t . 2 7 in th e o ffic ia l n o tic e to th e b o n d h o ld e r s o f th e
C h ica g o P a sse n g e r R y . (p . 1 0 3 7 ) , a p r o te c tiv e c o m m it t e e ,
c o n sistin g o f F r a n k W . T h o m a s , A r t h u r B . J o n e s, F r a n k
S lo s s o n , S ta n le y F ie ld a n d S e y m o u r M orris S e c r e ta r y ,
R o o m 1 2 1 7 , N o . 1 3 5 A d a m s S t . , C h ic a g o ), calls fo r d e p o s it
o f th e first m o r tg a g e 4 ) /£ % b o n d s o f th is c o m p a n y w ith th e
M e r c h a n ts ’ L o a n & T r u s t C o . o f C h ic a g o , if p o s s ib le , b y
N ov. 20.
S ee a d v e r tis e m e n t in la s t w e e k ’ s “ C h r o n ic le .”
— V . 83, p. 491.
[VOL, L X X X III
re c e iv e d u n d er th e lease w o u ld be d is tr ib u te d as d iv id e n d s
on th e sh ares so r e c e iv e d .
O n th e a s s u m p tio n t h a t th e n ew
s t o c k w o u ld h a v e d iv id e n d s b e g in n in g a t 3 % a n d la te r m ore
o n a g r a d u a lly a sc e n d in g s c a le , th ere h a v e b e e n so m e d e a lin g s
in th e sh ares a ro u n d 9 0 “ w h e n , if arid as is s u e d .”
T h ere is
n o c o n fir m a tio n , h o w e v e r , t h a t th e a fo re sa id a rr a n g e m e n t of
a h o ld in g c o m p a n y is th e one a c t u a lly p r o p o s e d .
M oreover, while the tonnage taken b y the Steel Corporation m a y largely
exceed the m in im u m , tlie 7 5 0 ,0 0 0 tons of standard ore which It Is obliged
to take in 1907 w ould yield In royalties on ly $ 1 ,2 3 7 ,5 0 0 , of which a eonslerable part w ould naturally go to the G reat N orthern R y . for carrying the
ore to the upper lake docks, where it m ust be d elivered, leaving on ly a
sm all a m o u n t, less than At % , for distribution to the holders o f ore com p an y
stock .
O n the other ha n d , so rapidly do the royalties m ou n t u p , as the
result o f the annual increase both In the agreed price and in the m inim um
ton n age, th a t In 1917 the m in im u m of 8 ,2 5 0 ,0 0 0 tons of standard ore
should bring In, b y w ay of royalties, $ 1 6 ,4 1 7 ,5 0 0 , of which app arently not
less than $ 9 ,8 1 7 ,5 0 0 w ould be applicable to dividends on the stock of an
ore com p an y, being equal to abou t ( > A % on $ 1 5 0 ,0 0 0 ,0 0 0 , the com m on ly
suggested cap italization .— V . 8 3 , p . 1103 10 9 0 .
Hudson & Manhattan RR.— New; Stock.— T h e fo llo w in g
in c rea ses in sto c k are a n n o u n c e d fo r th e c o m p a n y a n d its
s u b s id ia r y , th e H o b o k e n & M a n h a tta n R R .
(See m a p o f
H u d s o n & M a n h a t t a n S y s t e m , p . 68 o f “ R a ilw a y & I n
d u s tr ia l” s e c tio n .)
Chicago & Western Indiana RR.— Called Bonds.— S e v e n t y s ix ( $ 7 6 ,0 0 0 ) g en eral m o r tg a g e b o n d s o f 1 8 8 2 d ra w n fo r
r e d e m p tio n are p a y a b le on D e c . 1 a t 1 0 5 a n d in te r e s t a t th e
o ffic e o f J . P . M o rg a n & C o .— V . 8 3 , p . 3 7 9 .
H u d son & M anhattan R R . C o ., .Jersey C ity , Increased capital from $ 1 0 0 ,000 to $ 1 7 ,0 0 0 ,0 0 0 .
H oboken & M anhattan R R .C o ., Jersey C ity; increased captal from $ 5 0 0 ,000 to $ 1 5 ,0 0 0 ,0 0 0 .— V . 8 3 , p . 1098.
Cincinnati Newport & Covington Light < Traction Co.—
&
Lease Negotiations.— See C o lu m b ia C o r p o r a tio n u n d e r “ I n d u s
I n a c co rd a n c e w ith th e w ish es o f th e new P r e s id e n t, th e
c o m p a n y ’ s e x e c u tiv e o ffic e s h a v e b e e n m o v e d fr o m N ew
Y o r k to C h ic a g o .
J. F . T i t u s , r e c e n tly lo c a l T re a su re r at
C h ic a g o , h as b e e n a p p o in te d a ssista n t to P resid en t H a r a h a n ,
a n d as su ch w ill a ssu m e th e d u tie s tvh ich fe ll to th e la te J oh n
C . W e llin g , V ic e -P r e s id e n t , w h o w a s m a in ly o c c u p ie d w ith
th e fin a n ce s o f th e c o m p a n y .— V. 83, p . 1170, 1037.
t r ia ls ” b e lo w .-— V . 7 4 , p. 1 3 0 7 .
Cleveland Cincinnati Chicago & St. Louis R y.— Called
Bonds.— S ix ( $ 6 ,0 0 0 ) C . I . S t . L . & C . c o n so lid a te d 6 %
m o r tg a g e b o n d s w ill b e p a id a t 1 0 5 a n d in te r e st on M a y 1
1907.
See a d v e r tis e m e n t on a n o th e r p a g e .— V . 8 3 , p . 1 0 9 8 .
Cleveland < South Western Traction Co.— Further Rumors.
&
— T h e C le v e la n d n e w sp a p e r s n o w u n d e r s ta n d t h a t th e m a n
a g e m e n t c o n te m p la te s th e m a k in g o f a n e w b o n d issu e fo r
a n a m o u n t n o t e x c e e d in g $ 1 0 , 0 0 0 , 0 0 0 , o f w h ic h $ 3 ,0 0 0 ,0 0 0
or $ 3 ,1 1 0 , 0 0 0 w ill b e re se rv e d to ta k e u p u n d e r ly in g issu e s,
$ 5 0 0 ,0 0 0 w ill p r o b a b ly b e issu ed in th e n ea r fu tu r e a n d th e
r e m a in d e r w ill b e a v a ila b le o n ly u n d e r ca refu l r e str ic tio n s.
W h ile a p o r tio n o f th e issu e m a y e v e n t u a lly , i t is s a id , b e
u sed to ta k e u p th e p re fe rred s t o c k , th e p r e se n t b e lie f
is t h a t su ch c o n v e r s io n , if fin a lly d e c id e d u p o n , w ill n o t
ta k e p la c e u n til th e p re fe rred sh ares h a v e b e e n fo r tw o or
th re e y e a r s on a d iv id e n d b a s is .— V . 8 3 , p . 1 0 3 7 , 9 6 9 .
Columbus Magnetic Springs & Northern Traction Co.—
Consolidation.— T h is c o m p a n y w a s in c o r p o r a te d in O h io on
O c t . 15 w ith $ 4 0 0 ,0 0 0 o f a u th o r iz e d c a p ita l s t o c k , o f w h ich
$ 2 0 0 ,0 0 0 is 6 % n o n -c u m u la t iv e p re fe rre d , as a co n so lid a tio n
o f th e D e la w a re & M a g n e tic S p rin g s R a ilw a y ( V . 7 6 , p . 1 2 4 8 )
a n d th e R ic h w o o d K e n t o n & M a g n e tic S p rin g s R a ilw a y .
W . M . G a lb ra ith o f P itts b u r g h is P r e sid e n t a n d C h risto p h e r
M a g e e J r. o f P itts b u r g h V ic e -P r e s id e n t a n d T r e a su re r.
Corinth & Shiloh Electric Railway Company.— Bond Issue
for Proposed New Line.— T h is c o m p a n y , in c o r p o r a te d in
M ississip p i a n d T e n n e sse e w ith $ 2 5 0 ,0 0 0 c a p ita l s t o c k , in
sh ares o f $ 2 5 e a c h , to b u ild 2 2 m iles o f electric r a ilw a y b e
tw e e n C o r in th , M i s s ., a n d th e N a tio n a l S h ilo h P a r k , T e n n .,
h a s m a d e a m o r tg a g e to th e B a n k o f C o r in th , as tr u s te e , to
secu re an issu e o f $ 4 0 0 ,0 0 0 6 % g o ld b o n d s .
W . W . W illia m s
& C o . o f N a s h v ille , T e n n ., are in te r e ste d in fin a n cin g th e
e n te rp rise .
B on d s d ated O ct. 15 1906, due O ct. 15 1926, bu t s u b je ct t o call after
fiv e years at 105: d en om in ation $100.
Interest p a y a b le at o ffice o f tru stee.
T h e c o m p a n y , it is said, w ill su p p ly e le ctricity fo r ligh t and p ow er in C orinth
and oth er tow n s alon g th e ro u te .
B y a sp ecia l A c t o f C ongress th e c o m
p a n y h a s , it is s a id , secured th e righ t to run its cars into Shiloh P ark and erect
a m od ern te n -sto r y h otel o n th e g rou n d s. A . R u b e l is P residen t and M ark
T . B y n u m T reasurer an d S ecretary.
Covington & Cincinnati Bridge Co.—Possible Lease.— See
C o lu m b ia
p. 996.
C o rp o ra tio n u n d e r “ I n d u s t r ia ls ” b e lo w .— V .
Delaware & Magnetic Springs R y.— Consolidation,—
& N o rth e r n R y . a b o v e .— V .
C o lu m b u s M a g n e tic S p rin g s
p. 1248.
80,
See
76,
Erie R R . — Quarterly.— T h e re su lts fo r th e q u a rte r en d in g
S e p t . 3 0 w ere:
3 m o s.—
G ross.
N et.
1 9 0 6 ---------------- $1 2,29 5,97 2 $4 ,1 3 3 ,0 4 4
11,780,069 4,1 8 1 ,3 7 6
1 9 0 5 --------------—-V . 83 , p . 907, 88 6, 489.
O th .in c .
Charges.
$116,488
63,569
$3 ,03 8 ,1 1 4
2,8 64,6 63
B a l .,s u r .
$1,211 ,418
1,390,283
Evansville & Terre Haute R R . — New President.— See
C h ica g o & E a s te r n Illin o is R R . a b o v e .— V . 8 3 , p . 8 8 8 , 6 2 5 .
Grand Rapids (Mich.) R y . — Common Stock on 4 % Basis.—
T h is c o m p a n y , w h ic h on S e p t . 1 p a id a first d iv id e n d o f 1 %
o n its $ 2 ,0 0 0 ,0 0 0 c o m m o n s t o c k , h as d e c la re d a se c o n d d iv i
d e n d o f t h e s a m e a m o u n t , p a y a b le D e c . 1 to sto c k o f reco rd
o f N o v . 1 5 , th u s p la c in g th e c o m m o n sh ares o n a 4 % a n n u a l
b a s is .— V . 8 3 , p . 3 8 0 .
Grand Trunk Railway of Canada.— New Guaranteed Stock.
— T h e L o n d o n S to c k E x c h a n g e h as b e e n r e q u e ste d to list
a n a d d itio n a l issu e o f £ 1 , 5 0 0 , 0 0 0 4 % g u a r a n te e d s t o c k ,
m a k in g , it is u n d e r s to o d , th e t o t a l issue £ 9 , 6 2 9 , 3 1 5 . — V . 8 3 ,
p . 969.
Great Northern R y.— Dealings in Stock of Ore Company,
When Issued.— I t h a s b een r u m o r e d t h a t th e s to c k h o ld e r s
w o u ld , fo r th e ir in te re st in th e ore la n d s r e c e n tly le a se d to
th e U n it e d S ta te s S teel C o rp o ra tio n ( V . 8 3 , p . 8 2 2 ) , be
g iv e n , p o s s ib ly sh are fo r sh a r e , th e s t o c k o f a n e w ore la n d
c o m p a n y (c o m p a re V . 8 2 , p. 1 0 4 0 ) , a n d t h a t th e n e t r o y a ltie s
Illinois Central R R .— Executive offices Moved to Chicago.—
Interborough-Metropolitan
Statement.—
Co.,
New
York.— Official
T h e fo llo w in g w a s g iv e n o u t on N o v . 9:
Statement Showing Combined Operations of the Interborough R apid Transit
and N ew York C ity R a ilw a y S ystem s for Quarter and S ix M on th s
ending Sept. 30 1 9 0 6 and 1 9 0 5 .
-------------- 3 months-------------------------------- 8 months--------------1906.
19 0 5 .
1906.
19 0 5 .
Earnings from operat’ n _ $ 1 0 ,2 4 7 ,8 0 5
$ 9 ,6 0 7 ,0 0 5 $ 2 1 ,2 7 8 ,1 8 2 $ 1 9 ,6 9 7 ,5 1 5
O perating expenses____
4 ,9 7 1 ,2 7 2
4 ,9 8 8 ,5 8 8
1 0 ,2 5 1 ,9 1 8
1 0 ,2 8 8 ,1 4 2
N et earn in g s_________ $5 ,276 ,533
$4 ,618 ,417 $ 1 1,02 6,26 4 $9 ,40 9 ,3 7 3
O ther in c o m e ___________
268,748
275,840
509,418
551,693
G ross in c o m e _$ 5,545,281
a Interest and r e n t a ls -_ $4 ,492 ,198
& T a x e s ______
583,221
S 4 ,894,257 $11,53 5,68 2
$4,412 ,672
$8 ,978 ,466
564,608
1,243,729
$9 ,961 ,066
S8,732,291
1,1 40,1 90
T o t. In t., re n t’ls & ta x ’s $5,075 ,419
$4 ,977 ,280 S10,222,195
$8,872,481
B a la n c e ______________ sur$469,862
Q u arterly d ivid en d In terb o r o . R . T .C o . stk ._ (2kC)7S7,500
$1 ,313 ,487
$88,5S5
(2 )7 0 0 ,0 0 0 (4 J4) 1,575,000
def$83,02.3
(4)1400,000
D e f i c i t ________________
$317,638
S783.023
$261,513 $1 ,311 ,415
[T h e $3 5,00 0,00 0 sto ck o f the In terb orou g h R a p id T ransit C o. w as e x
ch an g eable in the m erger fo r $ 7 0,00 0,00 0 4 J % b o n d s , o f w h ic h $6 7,80 4,00 0
4
are n ow ou tsta n d in g .— E d .]
a In clu d in g 7 % per annum on u n ex ch a n g ed M etrop olita n Street R y . C o.
sto ck and 5 % per annum on In terb o ro u g h -M e tro p o lita n C o. p ref. stock .
b E x clu d in g special fran ch ise ta x es o f N . Y . C ity R y . system in litig a tion .
See also resu lts on N e w Y o r k C it jr R y . in th e “ C h r o n ic le ”
th is w e ek on p a g e 1 2 2 4 .— V . 8 3 , p . 4 3 5 , 1 5 5 .
Interborough Rapid Transit Co.— Report.—
Year
en d in g
S e p t. 30 1906 :
Gross
E arnings.
$
M an.
R y _ .1 3 ,1 0 5 ,6 0 0
S u b w . D iv . 7,1 76,9 16
N et Other
Interest M a n h a t’n
E a rnings. Incom e. T a xes.& c. D iv id ’d.
$
§
$
$
7.6 78,3 93 383,161 3 ,2 0 1 ,5 8 2 3.8 64,0 00
4,0 38,4 49 321,57.2 2 ,0 1 9 ,3 3 6 __________
B alance,
S u rp lu s.
s
99 5.97 2
2,3 40,6 85
T o ta l ...2 0 ,2 8 2 ,5 1 6 11,716 ,842 704,733 5.2 20,9 18 3,8 64,0 00 3,3 36,6 57
F r o m th e t o t a l su r p lu s , $ 3 3 3 6 .6 5 7 , th e I n te r b o r o u g h R .
C o . p a id o n its sto c k 8 j ^ % , $ 2 , 9 7 5 , 0 0 0 , le a v in g b a la n c e ,
su rp lu s $ 3 6 1 6 5 7 . — V . 8 3 , p . 9 7 0 8 1 8 .
T.
Lake Superior Southern Ry.— Mortgage.— T h e c o m p a n y
h a s filed a m o r tg a g e to th e K n ic k e r b o c k e r T r u s t C o . o f
N e w Y o r k as tr u ste e to sec u re a n a u th o r iz e d issu e o f $ 1 2 ,0 0 0 ,0 0 0 o f 5 % g o ld b o n d s o f $ 1 ,0 0 0 e a c h , m a tu r in g Jan 1
1 9 4 7 , b u t s u b je c t to call on a n d a fte r Jan 1 1 9 1 7 a t 1 0 3 a n d
in te r e s t.
I n te r e s t p a y a b le J a n . a n d J u ly a t office o f tr u s te e .
T h e road is p ro je c te d to ex ten d fr o m H u ron B a y , B araga C o u n ty . M ich i
g an , in a sou th w esterly d irection to M ad ison , W is ., a b o u t 200 m iles.
Of
th e b on d s, $600,000 are Issuable at on ce fo r righ ts o f w a y an d th e o ld grad e
con stru cted from H u ron B ay to C h a m p ion , M ich ., 35 m iles, and rem ainder
as fo llo w s: $3,500 per m ile o f righ t o f w a y a cq u ired . $1,500 per m ile o f
con stru cted roa d for general corp ora te p u rposes and $30,000 per m ile fo r
con stru ction , eq u ip m en t, & c. P resid en t, M . C. P h illip s, O sh kosh, W is .;
Joh n O. M a x ey , S ecretary .
Manhattan Railway.— Listed.—
ch a n ge h as
g u a r a n te e d
t h a t it h a s
a u th o riz e d
T h e N e w Y o r k ' S to c k E x
a u th o riz e d th e listin g o f $ 4 ,8 0 0 , 0 0 0 a d d itio n a l
ca p ita l sto c k fr o m tim e to tim e o n o ffic ia l n o tic e
b een so ld a n d issu e d , m a k in g th e t o t a l a m o u n t
to be liste d S i 0 ,0 0 0 ,0 0 0 .
T h e p roceed s o f th e S4,S00,000 stock are to b e a p p lied , first, to th e p a y
m en t o f the indebtedness o f th e c o m p a n y to th e In terb orou g h R a p id T ransit
C o. fo r expen d itu res ag g rega tin g $ 3 ,4 5 2 ,1 8 3 , in a cco rd a n ce w ith th e p ro
vision s o f th e said lease, an d th e rem ainder is to be paid to said c o m p a n y
from tim e to tim e as th e sam e shall h a v e been ex p en d ed in a ccord a n ce
w ith the lease.
Indebtedness to Interborough R a pid Transit C o . A p r il 1 1903 to Sept. 30 1906.
N e w s t a t ’ ns, sta irw a y s,& c. S 278,877 |C om p letin g s u b -s t a t io n s ..
$2 7,968
A d d ition a l tra cks, & c---- _
256,641 |I n t e r e s t _____ ______________
138,532
F eeders, cables, & c---------27,252 i Enoqneer. & m isrel. con st 47,045
A ltera tion s, & c ., to y a r d s . 4 >2,846: l a n i d a m a g e s_____________
189.659
N ew cars and a lte ra tio n s. 497.571 L egal e x p en ses_____________
57,644
P ow er sta tion , 74th S t —
3 6 4 .6 9 6 ' F ra n ch . ta x a c c t. June ’ 0 5 . 1,8 88,3 06
229,399 |M iscellaneous ____________
73,155
B uild ing tie lin e s .-----------T o t a l -------------- ------------------------------------------------------ a _______________ $4,529 ,590
D e d u ct cash Jan. 31 1906 ($ 8 4 ,3 0 8 ), p roceed s o f sale o f real
estate ($913,667) an d o ld rolling s to ck , &c. ($79,432 n e t ) ____ 1,077,407
N et Ind ebted ness____
— V . 83 , p . 1171, 1098.
$3 452,183
Nov. 17 1906. J
THE CHRONICLE.
Manila Electric RR. & Lighting Corp.— Listed.— The
New York Stock Exchange has listed §150,000 additional
5 % 50-year iirst lien and collateral trust sinking fund bonds
of 1953, issued for improvements and additions, making the
total amount listed §4,785,000.— V. S3, p. 752.
Meridian (Miss.) Terminal Co.— Status.— See report of
Alabama Great Southern R R . on a preceding page.
Mexican Central R y .— Xew President.— Ebon Richards,
formerly Vice-President and General Counsel, was on Wednes
day elected temporary President in place of A. A. Robinson,
who resigned, pending the choice of a permanent successor,
— V. S3, p. 1171, 562.
Michigan Central R R .— Listed.— The New York Stock
Exchange has listed §1,000,000 additional oWp; 50-year
lirst mortgage bonds of 1952, making the total amount listed
to date §14 MOO.000.
T h e a dd ition a l b on d s w ere Issued " t o p ro v id e fun ds to p a y for im p ro v e
m ents and b etterm en ts, p a rticu la rly for th e com p letion o f the secon d track
on th e m ain lin e .”
O f th e $14,0 0 0 ,0 0 0 3 l >% b on d s n ow ou tsta n d in g,
$ 4 ,00 0 ,0 0 0 represent a d d ition s and im p rovem en ts a nd $10,000,000 w ere
Issued to retire $ 10,000,000 p rior b on d s du e M ay 1 1902.
E a rn in g s. — For the S months ending Aug. 31 1906 earn
ings were: Gross, §16,913,596; net, §3,023,214; interest,
rentals and taxes. §2,630,488; balance, surplus, §392,726.—
V. S3, p . 97 0,213.
Mineral Belt Railway.— Xew Enterprise— Proposed Bond
Issue.— A meeting of the stockholders was to be held Nov. 14
at Florence, A la., to increase the capital stock from §75,000
to §3,000,000 and to authorize 82,500,000 mortgage bonds.
The line is projected to run from Florence to Manning, Tenn.,
50 miles. Thurston H . Allen of Florence is interested.
Mississippi Central— Construction.— The “ Railway Age”
of Chicago has the following:
A n officia l rep ort states th a t w ork is b ein g pu shed on the X a tch ez and
E astern extension from B rook h a ven t o N a tch ez, M iss., 66 m iles. T h e line
is u nder co n tra ct from B rook h a v en to the H o m o c h itto ,
m iles, and
from N a tch ez to R o x ie , 23 Vf m iles. M a xim u m cu rves, 4 degrees; m a x i
m u m grad e w e stb ou n d . 42 feet per m ile, and ea stb ou n d , 45 feet per mile;
w eight o f rail. 80 pou n d s. T h e M ississippi Central is now in op eration
front H attiesbu rg to B rook h a ven , and w ork is in progress on an extension
from H attiesb u rg southw est tow a rd s S cra n ton . T en m iles o f this la tter
extension h ave been co m p le te d , and w ork is in progress on a nother section
o f S m iles.— V . 83. p. 38.
1229
deposit of the bonds withjthe FidelityJTrust Co., Philadel
phia, at as early a date as possible. Compare Chicago West
Division R y. above. Also see advertisement on another
page.— V. 83, p. 890, 818.
Northern Securities Co.— X ew Directors.— William Sloane
and Arthur C. James have been elected to the Board to
succeed Jacob H . SchilT and James Stillman, who resigned
several months ago.— V. 82, p. 101.
Oakland (Cal.) Traction Consolidated.— M erger.— See
Oakland Traction Co. below.— V. 81, p. 60S.
Oakland (Cal.) Traction Co.— Consolidation.— This com
pany was formed under California laws on Nov. 7 with §17 ,925.000 capital stock in shares of §100 each, of which §10,875.000 is common and §7,050,000 6 % preferred, as a con
solidation of the Oakland Traction Consolidated and a new
company incorporated only a few days ago known as the
Berkeley Traction Co. Of the stock of the new company,
§300,000 is represented by the holdings of the Berkeley Trac
tion Co. and the remaining stock, namely §10,575,000 of the
common shares and all of the §7,050,000 preferred shares,
by the property of the Oakland Traction Consolidated.
Compare p. 73 of “ Street Railway” Section.
The directors of the new company are: E. A. Heron, FI.
Wadsworth, F. W . Frost, F. M. Smith, F. C. Havens
Samuel J. Taylor, W . H. Martin.
Pacific Gas & Electric Go.— Reduction in Rates.— This
company’s subsidiary, the San Francisco Gas & Electric Co.,
on Oct. 1 made a reduction in its rates for both gas and elec
tricity.— V. 82, p. 1041.
Paducah (K y.) Traction & Light Co.— First D ividend.—
Stone & Webster report that an initial dividend of 1% has
been declared payable on the §600,000 preferred stock
Dec. 1 1906 to stockholders of record Nov. 23. The com
pany was incorporated Nov. 17 1905 and owns all the se
curities of the Paducah Traction Co. and Paducah Light &
Power Co. The preferred stock is non-cumulative till
Dec. 1 1907; thereafter cumulative.— V. 81, p. 1610.
Pennsylvania Company.— R eport.— See “ Annual Reports”
on a preceding page.
Listed.— The New York Stock Exchange has listed the
§20,000,000 4 % 15-25-year guaranteed gold loan represented
by Girard Trust Company certificates dated April 2 1906
and due April 1 1931, but subject to call (as an entire issue
only) on April 1 1921 (see offering V. 82, p. 335). This issue
was originally secured by pledge of §10,000,000 Baltimore
& Ohio common stock, §14,000,000 Pittsburgh Cincinnati
Chicago & St. Louis Ry. common stock and §4,000,000
Vandalia R R . stock. On July 17 1906 the company, exer
cising its option under the deed of trust, withdrew the
§10,000,000 B. & O. common stock and substituted other
collateral of an equal appraised value.
Collateral securing the $ 2 0 ,0 0 0 ,0 0 0 4 % 1 5 -2 5 -y e a r guar, gold loan of 1 9 0 6 .
Par.
Appraised.
Montreal Street R y .— Stock Offered.— Stockholder of
record at 4 p. m. on Dec. 14 will be entitled to subscribe to
§2.000.000 new stock in the proportion of 2 shares of new for
every 7 shares of old stock at §175 per share, payable in in
stallments of 10% each on the 15th days of each month from
January to October 1907, inclusive. Shareholders desiring
to do so may pay the full amount on Jan. 15 and receive in
terest at 5 % per annum on the calls paid in advance. Com
pare V. 83, p . 11 71,1169,970.
Nashville Railway & Light Co.— New Securities.— To com
ply with some legal requirements, the shareholders voted
again on Nov. 10 to make a new mortgage for §15,000,000;
also to sell treasury stock amounting to §500,000 of common
and an equal amount of preferred. Compare V. 83, p. 156,
P itt s . C in e. C h ic . & S t. L o u is R y . c o m m o n s t o c k -S 1 4 ,0 0 0 ,0 0 0 $ 1 1 ,3 4 0 ,0 0 0
213, 324.— V. 83, p. 1099.
V a n d a lia R R . s t o c k ___________________________________
4 ,0 0 0 ,0 0 0
3 ,4 0 0 ,0 0 0
B a ld
ag
a
R.
7 6 5 ,0 0 0
1 .9 1 2 ,5 0 0
National RR. of Haiti.— Guaranteed Bonds.— W m . J. Mer C u m bE r laledVV lle y yR R R s. t occ k __________________________
e
n
a lle
, o m m o n s t o c k ____________
9 7 5 ,8 0 0
2 ,1 4 6 ,7 6 0
rill, Drexel Building, Philadelphia, recently offered for sale C le v e . & P it t s . R R . g n a r . b e t t e r m e n t s t o c k ______ 2 ,2 1 6 .5 0 0 2 ,3 0 5 ,1 6 0
st e s
& S a
R R co
s t o c k .24
§100,000 6% gold bonds of the National Railroad Co. of Wheila . JWra e y in g t oen sh o rea lt im. o r e m m o ns t o c k ________ 3 ,6 6 0 ,1 0 0 4 ,5 3 8 ,5 0 0
P
sh
& B
RR.
5 0 0 ,0 0 0
5 0 0 ,0
Haiti, in denominations of §500 and §1,000 each, giving with
T o t a l ___________________________________
$ 2 6 ,1 1 7 ,4 0 0 $ 1 6 ,1 4 2 ,9 4 4
each bond a bonus of 20 % in full-paid stock of the American
Guaranty endorsed on $ 2 0 ,0 0 0 ,0 0 0 4 % 1 5 -2 5 -y e a r gold loan of 19 0 6 .
Haiti Co. His advertisement says: “ The interest on these
The P n
p n
fo r v a lu
,
c
n
ts
d
bonds is guaranteed for 50 years by the Haitien Govern ag rees thea tn s y lv a n ia a C otm e ain y , re st a n d e rr e c e iv e do f h e r e b yit ho v e c earn ific a ne ,
it w ill p y h
te
p in c ip a l
th e w
in
t
at
ment. They bear the signature of the Delegate of Finances lik e w ise th e t a x e s th e r e in m e n t io n e d , a n d a lso th e c o m p e n s a t io n a n d e x
h e t r te ,
t
re p c
e
he
a
e
of Haiti.” The road, we understand, is under construction. p e n sesleo f atn d t hu s P een nasty lvhaen ia s ReR t ivC o d a te sr w a lune trh e esa mde, m e rye bbye c o m e
payab ;
e
.
., fo v
e c iv e
h
cov
Louis Dalnas, Land Title Annex Building, Philadelphia, is n a n ts a n d a g rees t h a t in c a se o f d e fa u lt o f th e P e n n s y lv a n ia C o m p a n y In
c a r r y in g o u t t h e c o v e n a n t s a n d o b lig a t io n s c o n t a in e d in t h e w it h in c e r t ifi
interested.
c a t e , th e P e n n s y lv a n ia R R . w ill fa it h fu lly c a r r y o u t t h e s a m e , a n d p a y a n d
New York & Long Island (Tunnel) R R .— Company Wins. d is c h a r g e t h e sa id in t e r e s t, p r in c ip a l a n d t a x e s a n d c o m p e n s a t io n a n d e x
ses
th
t us
th e
h
t e re
t
re n
— Justice Fitzgerald in the Supreme Court in this city on p e n o m e o fd u e .e sa id writn te e o nh e r e o d a te se wsae n c hmyp a n s pse ch ivveely hmra tun to aa fd
bec
In
ess w
f, th
id o
ie
a
e eu
Nov. 13 handed down a decision, after trial of the action, fix e d t h e ir sea ls , d u ly a t t e s t e d , t h is s e c o n d d a y o f A p r il, A . D . , 1 9 0 6 .
______ _ _
granting a permanent injunction restraining the city from V . S 3, p . 1 5 6 , 2 1 4 , 7 5 2 , 8 1 9 .)
interfering with the construction of the tunnel. An appeal
Pennsylvania R R .— B. & O. Stock Withdrawn from Col
will be taken.
lateral.— See Pennsylvania Company above.— V. 83, p. 1171,
T h e co u rt says n o evid en ce w a s A d d u ce d su b sta n tia lly different from the 1099.
facts con ta in ed In the dep osition s su b m itted to Justice B lan chard , w ho
Philadelphia Rapid Transit Co.— Resignation of D irector.—
gra n ted a te m p o ra ry In jun ction and from w hose decision no appeal was
taken. T he D o ck D epa rtm en t claim ed th a t the co m p a n y was trespassing George II. Earle Jr., President of the Real Estate Trust
on a 3 0 0 -foot w ide strip o f land under w ater ou tside o f th e pier head line
establish ed b y law and under the exclu sive con trol o f the D ock D epa rtm en t, Co. of Philadelphia, has resigned as a director.-— V. 83, p.
and that th e B oa rd o f A lderm en ca n n ot con fer a n y righ t o f w ay under tills 1171, 819.
p o rtion o f th e bed o f the E ast R iv er. T h e C ou rt says th at If the com p a n y
Is a trespasser and has n o legal righ t to con stru ct a tunnel th a t fact m a y
Pittsburgh Binghamton & Eastern R R .— Merger Certifi
be determ ined in a suit to be b rou gh t b y the city ; th a t the com p a n y w ould cate F iled .— At Albany on Wednesday a certificate was filed
suffer Irreparable loss If the w ork w ere to be stop p ed n ow , and that it w ould
he b e tte r t o co m p le te the tunnel a n'i determ in e Its v a lid ity later than stop completing the merger under this title, with §20,000,000 au
th e w o r k b e c a u s e o f p o s s ib le d e f e c t s In c h a r t e r or fr a n c h is e . C o m thorized capital stock, of the Pittsburgh Binghamton &
pare V . 8 2 , p . 752.
Eastern R R ., the Tioga & Clinton R R . and the Susquehanna
New York New Haven & Hartford R R .— Dividends Not Central R R. See full particulars regarding consolidation in
Limited.— Referring to the common understanding that if |V. 83, p. 752.
dividends in excess of 10% are paid an amount equal to
P r e s id e n t, F . A . S a w y e r o f C a n to n , P a .; V ic e -P r e s id e n t s , E llio t F . N o r
such excess must be paid to the State, Treasurer A. S. j to n a n d J . T . O d ell o f N ew Y o r k C it y ; T r e a s u r e r , C . F . W r ig h t o f S u s q u e
h a n n a , P a .; S e c r e t a r y , J o h n W h it m o r e o f R ld g w a y , P a .— V . 8 3 , p . 7 5 2 .
May, in reply to an inquiry, states that “ there is no such j
charter provision or any provision of the law in relation toj
Public Service Corporation of New Jersey.— Reduction in
the dividends of the company.”
Rates, & c.— The directors on Oct. 23, in view of the fact
Earnings.— See quarterly statement earnings and charges •that certain cities were to vote on constructing “ a municipal
on page 1223 of this issue.
electric station for both public and commercial use, and two
Sale of Notes.— Boston advices state that the company ! other cities are considering the erection of an electric plant
has sold §2,000,000 two-year 5 % coupon notes, which have j for public lighting,” adopted substantially the following:
been practically all re-sold by the bankers.— V. 83, p. | R e s o l v e d , T h a t In the Judgm ent o f the board the r e su lt o f the exten sion ,
b etterm en t, rebu ildin g and con solida tion o f th e electric pla n ts, w hich have
1099, 1037.
been In progress ever since the form ation of Public S erv ice, and w hich
North Chicago Street R R .— Deposits Called.— The pro- will be largely com pleted b y J a n . 1 1998. will Justify bids for p u b lic lig h t
ing m ade a fter th at date a t low er prices than have h eretofore p reva iled,
tective committee (C. S. W . Packard of Philadelphia, Chair- i and also th at a verv large Increase In the com m ercial business w ill Justify,
man) representing the first mortgage 5 % bonds, urges the ' at the sam e tim e, a further substantial reduction In the present base rate
1230
THE CHRONICLE
for commercal light and power, which now ranges from 12c. to 14c. per
k . w. hour— except In Bergen County, where the base rate Is 15c. per k. w.
Resolved, That the President be authorized to announce that all bid
dings after Jan. 1 1008 on renewals of public arc lighting contracts, shall
be made according to the following schedule for a live-year contract,
namely: In cities of the first class, a maximum rate fo $75 per annum per
arc light of 2,000 candle power; In all other cities a maximum rate of $80
per annum; in all municipalities other than cities a maximum rate of $85.
And also that on and after Jan. 1 1008 the base rate for commercial light
and power shall be reduced to 10c. per k. w. hour throughout the territory
served by Public Service and Its subsidiary companies, except Bergen
County, where the rate shall then be reduced to 12c. per k. w. hour and on
Jan. 1910 to 10c. per k. w. hour.
Resolved, further, That In the few remaining municipalities where the
price of gas now exceeds $1 net per 1,000 cubic feet, said price shall be re
duced to $1 net per 1,000 cubic feet on Jan. 1 1909, except In Bergen
County, where the reduction to $1 net per 1,000 cubic feet shall be made
simultaneously with the linal electric reduction on Jan. 1 1910, and that
meanwhile the annual reduction already promised at 5c. per 1,000 cubicfeet shall be continued.
[An official statement further says that at the time of the acquisition of
the gas properties of Public Service the price of gas ranged from $1.80 to
$1 net per 1,000 cubic feet, the latter price prevailing only In parts of South
Jersey, Newark and adjacent territory. The base rate for electricity
ranged from 20 cents to 13 cents per k. w. hour. Over $26,000,000 has
been expended upon the company’s great properties without financial return
to stockholders upon their cash investment, amounting to $12,500,000 at
par, and fair treatment Is therefore asked at the hands of the municipali
ties.]— V. 82, p . 988.
Rock Island Co.— S u b s id ia r y E x p r e s s C o m p a n y . — See
North American Express Co. under “ Industrials” below.—
V. 83, p. 1171, 1093.
Rutland RR . — R e p o r t b y C o m m ittee R e p r e s e n tin g M in o r i t y
S h a r e s . — T. C. Delavan of Cummings & Co., 20 Broad St.,
20 New St., has made a report to the holders of preferred
stock who sent proxies to himself and Mr. Gregory. This
report says in part:
[V O L . L X X X III.
Toledo Terminal & Railway Co.— F o r e c lo s u r e P r o c e e d in g s .
— Andrew T. Sullivan, Chairman of the bondholders’ pro
tective committee, has issued a circular saying:
Shortly after the completion of the bondholders’ agreement and the de
posit under It of a considerable amount of bonds, your committee under
took negotiations with the representatives of large interests in the Cincin
nati Hamilton & Dayton Ry. Co. and the Pere Marquette Ry. Co., the guar
antors on the above-mentioned bonds, which resulted early in July last
In proposals with respect to the ultimate protection of your bonds which
your committee regarded as satisfactory. At that time it seemed that no
foreclosure of the mortgage would be necessary. In view of the delays
which have, however, occurred in working out the plan of settlement as
proposed, your committee has concluded, with full concurrence of the rep
resentatives of the Interests above referred to, not further to delay insti
tuting in your behalf proceedings to foreclose the mortgage.
Your committee has confidence that before a decree of foreclosure sale
Is reached, the anticipated settlement will be concluded, which will secure
the payment of the arrears of interest on your bonds and satisfactory ar
rangements for future interest and principal payments. Your committee
has, therefore, requested the trustee under the mortgage to proceed at once
with its foreclosure.— V. 83, p. 97.
United Railways & Electric Co., Baltimore.— M o r tg a g es
R e le a s e d . — The bonds of the several issues concerned having
been discharged and canceled, releases, it is announced, have
been filed as follows:
From the Mercantile Trust & Deposit Co. of Baltimore, releasing the
mortgages given by the Walbrook Gwynn Oak & Powhatan RR. Co. and
the Pimlico & Plkesvllle RR. Co. on June 1 1894, to secure an Issue of bonds
for $100,000 and $350,000 respectively. From the Maryland Trust Co.
to the Pikesville Relsterstown & Emory Grove RR. Co., releasing the mort
gage given Oct. 1 1894 to secure $250,000 bonds.— V. 83, p. 1038, 819.
United Railways Investment Co.— O ffic ia l S ta te m en t .—
The official statement made in connection with the listing on
the Philadelphia Stock Exchange of this company’s first lien
collateral trust 25-year sinking fund 5% gold bonds will be
At the annual meeting on Oct. 16 the total vote cast was 73,481 shares; found on p. 1235 and 1236. The company controls the Phila
of this, Mr. Delavan represented 10,827 shares (not sufficient to elect),
leaving 62,654 shares (which were voted for the nominees of the New York delphia Co. of Pittsburgh and the United Railroads of San
Central interests.— E d .). If from this amount (62,654 shares) Is deducted Francisco.
The balance sheets and income account of the
the amount held by the New York Central as per their statement of Dec. 31
1905, 46,941 shares, and the amount held by directors, 7,571 shares, respective companies are given in the statement.— V. 83,
it shows that the management outside of their own holdings and that of p. 1038, 689.
their immediate friends only represented some 8,142 shares. The number
o f shares not represented at the meeting was 18,059 shares, which, with the
Vancouver Victoria & Eastern Railway & Navigation Co.
l , 031 shares of preferred and 5 shares of common supposed to be in the
— C o n s tr u c tio n . — The “ Seattle Post-Intelligencer” quotes a
treasury, accounts for the amount outstanding of 92,576 shares.
Mr. Delavan brought up the matter of the accumulated dividends, and representative of the company as saying:
asked that in view of the amount of earnings which had been put into
betterments that common stock to the amount of 25% of the accumulated
dividends should be issued to the preferred stockholders, and that for the
giving up of the accumulation clause and the reduction from 7% to 5% in
the rate to be paid on the preferred stock, the New York Central should
guarantee the latter amount of 5% . Mr. Rossiter, who presided, laughed
at the idea of such a guarantee, and remarked: “ In New York we (the
officers) are New York Central; here we are Rutland.” The matter of the
diversion of earnings to betterments was then taken up, and Mr. Whittemore showed that in the matter of preferred dividends the directors had no
discretion, but must distribute whatever surplus there might be, and that
if the expenditures for betterments should be unreasonable the courts would
review the action of the directors, and that the minority interests were
quite ready to call the attention of the court to such matters.
Mr. Delavan made an inspection of the road from White Creek, V t., to
Ogdensburg, N. Y ., and found a marked improvement in the property since
his inspection of two years ago. The road-bed Is in good condition, and,
with one exception, the bridges are all iron or steel. The rolling stock
which he saw was in good condition, but there is a deficiency of motive
power to do the business now offering. The new shops at Malone will
enable the company to make all of their own repairs and thus effect a very
considerable saving of expense. Efforts are being made to develop a coal
tonnage and already a considerable amount is going over the road from
Ogdensburg. The Chatham & Lebanon Valley branch is receiving atten
tion. Old and light rails are being replaced by heavier ones taken from
the Ogdensburg branch where new rails are placed. It is expected that the
New York & Harlem R R ., with which Rutland connects at Chatham,
will within two years be double-tracked to that point and in a position to
handle the heavy traffic which the Rutland will be able to give it. In
short, the condition of the property is excellent, the traffic is good and
developing and the earnings should show a steady increase. The position
of the minority holders, while greatly improved, still needs very careful
watching in order to secure a just return for its members. From what
could be learned, there will be more than sufficient funds to provide for a
dividend at the same rate as was paid last January, to wit, 1 >6%; whether
the rate will be increased or not at the next dividend period remains to be
seen.— V. 82, p. 693.
Sao Paulo (Brazil) Tramway Light & Power Co., Ltd.—
N e w S t o c k , & c . — The shareholders will vote Nov. 23 on in
creasing the capital stock from $7,500,000 to $8,500,000 and
the number of directors from 9 to 10.— V. 82, p. 1207.
S t . L o u i s M o n t e s a n o & S o u t h e r n R y.— M o r tg a g e . — This
company has filed a mortgage to the St. Louis Union Trust
Co., as trustee, to secure an issue of $2,500,000 bonds.
T h e c o m p a n y w a s in c o r p o r a te d in M issou ri la st m o n th w ith $ 4 ,0 0 0 ,0 0 0
o f a u th o riz e d ca p ita l s to c k t o b u ild fr o m S t. L o u is , b e g in n in g a t th e c o u n t y
lin e , to F la t R iv e r , in F r a n c o is C o u n ty , 63 m ile s.
In c o r p o r a to r s , C harles
A . G u tk e , A . F u re r, L . A . H a ll, H a r r y W . G u tk e a n d B . W a s s e r m a n , all o f
S t. L o u is.
T h e S t. L o u is K im m s w ic k & N o rth e rn R a ilw a y C o m p a n y ,
o w n e d b y th e sa m e p a r tie s , has se cu re d a fra n ch ise fo r a r o a d th r o u g h S t.
L o u is a n d J effe rso n co u n tie s fr o m th e c it y lim its.
San Francisco Idaho & Montana Ry,— S ta tu s . — This road
has been surveyed from Caldwell to Homedale, Idaho, 16.4
miles, and is under survey from Homedale to Winnemucca,
Nev., 180 miles. It is expected to begin construction by
March 1 next.
T h e ro a d is p r o je c t e d fr o m B u t te , M o n t ., to S an F r a n c is c o , w ith th e line
from C ald w ell t o W in n e m u c c a as a b r a n c h .
D o n a ld G ra n t is P re sid e n t,
F a r ib a u lt M in n .; V . G . P r ic e , V ic e -P r e s id e n t, E lk a d e r , l a . ; E . E . S p rin g e r,
S e cre ta ry , C a ld w e ll, Id a h o ; H e n r y M y e r , C ashier o f th e H a m ilt o n N a tio n a l
B a n k o f C h ica g o , 111., is T re a su re r, a n d J a m es H a m ilto n L ew is o f C h ica g o
is c o u n s e l.— V . 8 2 , p . 10 1 , 9 30.
Southern Indiana R y.— R e p o r t . — The results for the year
ending June 30 were:
Year —
Gross.
1 9 0 5 -0 6 __________$ 1 ,4 5 6 ,3 4 9
1 9 0 4 -0 5 _________ 1 ,3 8 0 ,9 5 5
— V . 83, p . S19, 273.
N et.
$ 5 9 0 ,4 6 6
5 8 2 ,6 8 2
D iv.on .p ref.
B a l.,s u r .
$ 4 5 2 ,2 2 7 ______________
3 2 6 ,5 7 3 ( 5 % ) $ 5 0 ,000
Charges.
$ 138,239
206,109
Tehuantepec National R y.— I n O p e r a tio n . — The company’s
road across the isthmus of Tehuantepec, extending from
Zoatzacoalcos on the Gulf of Mexico to Salina Cruz on the
Pacific Ocean, about 200 miles, was opened on Nov. 1.
A map and description of the road was contained in the
“ Railroad Gazette” of Nov. 9. See previous items in the
“ Chronicle” under caption of National RR . of Tehuantepec
(V. 81, p. 559); also American Hawaiian SS. Co. under “ In
..................
dustrials” below.
4
The portion of the road west from Midway to Molson, nearly 50 miles,
is now built and ready for operation. The Washington Great Northern
from Molson to Oroville, Wash., 26 miles, which Is a part of the V. V. & E.
extension to the coast, making a swing south of the international boundary
line, is also about finished.— V. 81, p. 669.
Wabash R R L is t e d . — The New York Stock Exchange
has listed $1,047,000 additional first lien 50-year 4 % terminal
mortgage bonds of 1954, making the total amount listed to
date $3,555,000.
The additional bonds represent the cost of 24.859 acres of land near
Chicago, adjacent to real estate previously covered by said bonds, $32,762;
several parcels of land in Block 69, St. Louis, containing 134,150 square
feet, and taking in nearly all of said block, $1,014,415; all vested in the
trustees, free from all encumbrances. The remainder of the outstanding
bonds aforesaid represent: Amount expended for real estate, SI,828,421;
improvements thereon, $680,160.— V. 83, p. 1099, 1038.
Wheeling & Lake Erie RR.— R e p o r t . — The results for
the year ending June 30 were:
Year.
Gross.
1905-06------------------------ $5,318,801
1904-05------------------------ 4,595,606
— V. 83, p. 273.
Net.
$1,556,645
956,471
Chgs.dnc.T'xes)
Balance.
$1,464,351 sur.S92,294
1,149,831 def.193,360
INDUSTRIAL, GAS AND MISCELLANEOUS .
American Agricultural Chemical Co.— A c q u i s i t i o n . — This
company has taken over two independent concerns— Hambertson & Hance and Demise & Demise, both of Freehold.
N. J.— V. 83, p. 689, 627.
American-Hawaiian Steamship Co.— N e w R o u te to B e
O p e n e d . — The company will after its December sailings
inaugurate its new service via the Tehuantepec National
Ry. under its contract -with the latter (V. 81, p. 560).
This will reduce the time between New York and San Fran
cisco from about 60 to 30 days. The company has now
12 steamers in service.— V. 81, p. 560.
American Steel Foundries.— S a le o f C om m o n w ea lth S teel
C o m p a n y . — See that company below.— V. 83, p. 820, 685.
Ashland (Ky.) Steel Co. — C a lled B o n d s . — One hundred
and twenty first mortgage bonds of $500 each, Nos. 121 to
160, 241 to 280, and 361 to 400, all inclusive, in all $60,000,
dated May 2 1898, and due and payable at First National
Bank of Cincinnati on May 2 1918, have been called for re
demption at said bank on May 1 1907 at a premium of 10% .
I. A. Iielly is President. Plant built in 1891, annual capa
city 150,000 tons of ingots and 110,000 tons of wire rods.—
V. 69, p. 956.
Associated Oil Co., San Francisco, Cal.— C h a n ge in P a r
V a lu e . — A circular dated Nov. 1 1906 notifies the holders
of the company’s trust stock certificates that the company
has changed the par value of its shares from $1 a share to
$100 a share and reduced the number of shares in like pro
portion. Thus the capital stock, instead of being 40,000,000
shares of $1 per share each, has been reduced to 400,000
shares, $100 per share each. The new certificates are ready
for delivery.
B o n d I s s u e . — Also, under date of Nov. 1, the company
announces that in order to liquidate its floating debt it has
determined to dispose of $1,500,000 5% 20-year first mort
gage bonds, par value $1,000, interest pa3rable semi-annually.
These bonds have been underwritten by a syndicate composed
of New York and San Francisco capitalists subject to the
prior right of holders of trust stock certificates to subscribe
in proportion to their stock holdings at the same price, i. e .,
$900 per bond, on or before Dec." 1 1906, payable 10% at
Nov. 17 1906. j
1231
THE CHRONICLE.
Negotiations for the lease of the Cincinnati Newport &
once and the remainder on delivery of bonds on or about
Covington Light & Traction Co. are pending.
Jan. 1 1907. Compare V. 83, p. 91,381.
The. “ Cincinnati Enquirer” of Nov. 1 describes the pro*
Atlantic Coast Lumber Corporation., Georgetown, S. C.—
posed scope of the new company as follows:
New S t o c k . —This company increased its capital stock from
The Columbia Corporation will have a capitalization of $75,000,000, of
§1,000,000 to $1,200,000, ail of one class.— V. 78, p. 1963.
which $50,000,000 will be in common stock ami $25,000,000 in ilrst mort
Berkshire Ice Company.— M o r t g a g e .—This company has gage 5% bonds, will also purchase the control of the Union Gas & Electric
Cleveland
made a mortgage to the Bankers’ Trust Co., as trustee, to Co. (of Cincinnati), the two acres of oil gas and electric properties, own
outright many thousands of
and natural gas-bearing lands In
West Virginia, a pipe line to this city, and (possibly lease) the Covington &
secure an issue of §150,000 6% gold bonds dated July 1
Suspension Bridge Co. (V. 80, p.
for which
1906 and due July 1 1931, but subject to call at 110 after Cincinnati way. The aggregate capitalization 996), negotiations companies
arc under
of the subsidiary
will amount to between $160,000,000 and $175,000,000.
1910; outstanding, §100,000.
Company was Incorporated in New Jersey June 28 1002. Total author
ized cap Itiil stock. $200,000; outstanding, $100,000; par. $100. A con
solidation ot' Congamond Ice Co.. Crystal Ice Co. anu Hygienic Ice Co.
The mongage covers land in Soutliwlck, Suffleld., Ct.. Ice-houses, storage
houses and all other property’ of the Ice company. Interest payable Jan. 1
and July 1 at office of trustee. Sinking fund, 4% yearly after 1910.
President. Robt. E. Wescott; Sec., Monroe Hornell; Treas., Robt. E.
Wescott. Office. 19 Park Place. New York City.
The proposition for the lease of the C. N. & C. Light & Traction
Co. provides .for a guaranty of dividends on the common stock beginning
at 3% from Jan. 1 1907, and increasing
of 1% a year until 1913, when
6% will be reached, and continued. The preferred stock and bonds are
to be also guaranteed as to both principal and interest. As an evidence of
good faith the leasing company will deposit as security for the stockholders
$1,500,000 of municipal bonds. It is the intention, if possible, to put the
leasing proposition through before the ilrst of the year.
The bonus to be Issued will be used to purchase the stock control of the
Union Gas & Electric Co., the leasing company which has taken over the
Cincinnati Gas & Electric C o.. the two Cleveland gas and electric properties,
and finance the gas land deal and build the pipe line. This pipe line is to
be constructed between the gas ilelds and this city and the over-the-rlver
towns.
The company will have a board of directors of twenty-five members, selec
ted from this city, Cleveland and New York. Charles P. Taft, of Cincinnati,
will be asked to take the chairmanship of the board of directors, and among
the Cincinnati members will be James C. Ernst, President, Norman G.
Kenan, W. S. Rowe, M. E. Moch, R. A. Holden Jr. and J. T. Carew
of the Union Gas & Electric Co.
Big Muddy Coal & Iron Co.— S a l e o f S h a r e s . — At auction
iu New York on Nov. 1,41 shares of preferred stock, par §100,
sold at 50% .— V. 76, p. 481.
Brooklyn (N. Y.) Union Gas Co.— D i v i d e n d s N o t R e s u m e d .
— It was announced yesterday that the directors had de
cided not to resume dividend payments at the present time.
The dividend was first passed last July .— V. 83, p. 274.
(The) Bucher and Gibbs Plow Co., Canton, O.— S t o c k . —
Commonwealth Steel Co.— Change in Control.— The
This Ohio corporation on Oct. 15 1903 amended its charter “ St. Louis Globe Democrat” of Nov. 9 says:
so as to classify its share capital into §350,000 common and
Clarence H. Howard of this city has purchased the controlling interest In
§350,000 6% cumulative preferred stock. Amount of bonds the Commonwealth Steel Co., which w-as formerly held by the American
now has no interest whatever in
or mortgage, if any, not known. In 1902 the stock was Steel Foundries. The latter directors (and officers) have beenthe Com
monwealth. The following
elected;
raised from §250,000 to §700,000. F. B. Niesz is President. President, Clarence H. Howard; Vice-President, Thomas K . Nledrlnghaus;
Vice-President, Harry M. Pflager; Vice-President and Treasurer, George
Par of shares, §100.
K. Hoblltzelle; Vice-President and Sales Agent, George E. Howard; Arthur
T. Morey, George
John R.
Canadian Gas & Oil Co., Buffalo N. Y .— B o n d s O f f e r e d . — Auditor Is Frank L. E. Howard and p. 1463. Turney. The Secretary and
Morey.— V. 79,
Lamprecht Bros. & Co., Cleveland and* New York, recently
Delaware River Transportation Co.— H a l f - Y e a r l y S t a t e
offered at 101 and interest §150,000 first mortgage 6%
sinking fund gold bonds, dated July 1 1906, due July 1 1913, m e n t .— This company, which was incorporated in New Jer
without option of earlier redemption. Denominations: §250, sey last April (see V. 82, p. 1499) and purchased the entire
S500, §1,000. Interest payable Jan. 1 and July I at office property of the Delaware River Navigation Co., reports:
The company operates a line
Philadelphia
of the aforesaid bankers in Cleveland or at the office of La and Trenton, and owns extensiveof steamers plying between in the cities
water front and real estate
Societe d ’Admimstration Generale, Montreal, trustees. A of Trenton, Burlington, Beverly and Tacony, and valuable leaseholds in
Bristol, Beverly, Delanco, Riverton, Tacony and Philadelphia, at all of
circular says:
which places the steamers touch. The earnings compare as follows:
Stock, authorized, $500,000; outstanding, $440,000. • Bonds, authorized,
$200,000; outstanding. $150,000; in treasury, $50,000. President Joseph
D. Thibodeau writes (.in substance); “ Incorporated under laws of New
York State and has under lease over 80,000 acres of valuable gas propertysituated near the city of Three Rivers, Canada, and about midway between
Montreal and Quebec. Already- has in operation 12 wells with tested
capacity of over 18,000,000 cubic feet of gas per day. Franchises in St.
Barnabe, population about 1,000; Yamachiche, population about 1,800;
and Louiseville, population about 2,500; ‘and Three Rivers, population
about 18,000. Now furnishing gas to St. Barnabe and Yamachiche, while
Louiseville and Three Rivers will be furnished with gas before the winter
sets in. About 20 miles of pipe is installed and when the work now under
way is completed, we shall have in the ground over 60 miles of pipe, ranging
in size from two to eight inches. Estimated annual earnings, $125,000 to
$200,000; operating charges, $10,000 to $20,000; interest on bonds, $9,000.
Sinking fund; 1907. $10,000; 1908, $20,000; 1909, $30,000; 1910. $30,000;
1911, $30,000; 1912, $30,000. Office. 812 Prudential Building, Buffalo.
Cincinnati (O.) Gas & Electric Co.— N e w S t o c k . — The di
rectors on Nov. 12 authorized the sale to the company's
stockholders at par, to extent of about 43^% of their respec
tive holdings, of §1,400,000 of the §5,000,000 of treasury
stock, thus increasing the amount outstanding from §31,000,000 to §32,400,000. The proceeds will be used to pay
for the improvements contracted for before the lease of the
property last September to the LT
nion Gas & Electric Co.
N e w H o l d i n g C o m p a n y O r g a n i z e d b y U n i o n G a s & E le c t r ic
I n t e r e s t s . — See Columbia Corporation below.— V. 83, p.
1038, 892.
Citizens’ Telephone Co., St. Joseph, Mo.— N e w S t o c k .—
This company has filed at Jefferson City, Mo., a certificate
of increase of authorized capital stock from §150,000 to
SI ,000,000.— V. 75, p. 551; V. 69, p. 228.
Cleveland Gas Light & Coke Co.— S a l e . — See Columbia
Corporation below.— V. 83, p. 274.
Clyde Steamship Co.—F i r s t D i v i d e n d . — The directors
have declared an initial dividend of 4% on the §14,000,000
capital stock (par §100), payable Dec. 31 to holders of record
Dec. 15.
Net E a r n i n g s . — For the eight months ending Aug. 31:
________ $649.129— 1905 ____________________ $365,304
Interest for 8 mos. on $4,000,000 5% bonds calls for
-------- _$133,334
—V. 83. p. 1101, 1038.
Columbia Corporation.— L a r g e H o l d i n g C o m p a n y . —This
corporation was organized under West Virginia laws Sept. 11
1906 with §11,000,000 authorized capital stock, which, it is
said, will b increased to $50,000,000 and supplemented by
ail issue of §25,000,000 first mortgage 5% bonds, to control
public s rviee corporations, especially in Cincinnati and
Cleveland, and to own natural gas and oil lands in West
Virginia, whence a pipe line will be laid to Cincinnati. A. S.
- White & Co.. New York, and associates, who recently
organized the Union Gas & Electric Co. (V. 83, p. 912, 577)
to lease the Cincinnati Gas & Electric Co., are promoting
the enterprise.
Arrangements, it is announced, have been concluded for
the purchase of a majority of the §4,000,000 or §4,750,000
capital stock of the Cleveland Gas Light & Coke Co. (V. 82, p.
1214, 1271; V. 83, p. 274); also a majority of the $1,000,000
capital stock of the People’s Gas Light Company of Cleve
land, and stands ready to take the minority holdings upon
the same terms. The purchase price is not stated, but the
new company, it is said, will issue bonds in exchange for the
shares acquired.
Period Covered—
Gross Income.
Oper. Exp.
Net. Inc.
Half year ending Oct. 1 1906________ $102,077
$62,375
$39,702
Half year ending Oct. 1 1905________
90,394
56,830
33,564
Entire year 1905________ ___________ 112 811
82,240
30,571
Assets ($575,000)
Oct. 1 1906.
Liabilities ($575,000)
Vessel property____________ $283,000|5% bonds (V. 82, p. 1499) __$225,000
Real estate, leaseholds and
|6% preferred stock________ 150,000
miscellaneous____________ 292,000 I Common stock_____ ________ 200,000
The $150,000 6% cumulative preferred stock is payable at any annual
dividend period at discretion of the directors and upon dissolution of the
corporation shall be redeemed at par and all accumulated dividends before
any payment Is made upon the common stock.— V. 82, p. 1499.
Dominion Coal Co.— Dispute.— See Dominion Iron &
Steel Co. below.
Director.— William C. Van Horne has resigned from the
board.— V. 83, p. 627.
Dominion Iron & Steel Co.— Controversy as to Coal Con
tract.— A dispute having arisen with the Dominion Coal
Co. regarding the quantity and grade of coal to be delivered
under the contract of 1903, the Iron & Steel Company on
Nov. 5 banked its blast furnaces, shut down its rail mill and
coke ovens, placed orders for coal elsewhere, and announced
its intention to bring suit against the Coal Company for
breach of contract. On Nov. 13 one furnace was started
again with coal obtained from the Nova Scotia Steel & Coal
Co. The Dominion Coal Co. contends that it has complied
with all the terms of the contract and on the ground that
the Iron & Steel Company has violated its agreement, in
rejecting the coal furnished, has declared the contract at an
end. The Iron & Steel Company asserts that the contract
was ratified by the Canadian Parliament and cannot be
thus set aside.
It was announced yesterday in a press despatch from
Montreal that pending a settlement of the dispute bv the
courts the Iron & Steel Company had consented to pay to the
Dominion Coal Co. §1 75 a ton for 75,000 tons of coal a
month, the difference between that price and §1 24 to be
refunded in case the contention of the Iron & Steel Company
is upheld.
The contract, which was to run until 1992, requires the coal company
t o furnish all the coal necessary for four blast furnaces and for the finishing
mills, using the product of these furnaces. The price of the coal was to
be readjusted every five years, and for the five years ending in 1908 was
fixed at $1 24 a ton. which has proved an unremuneratlve if not a losing
rate to the coal company. (See both Dominion Coal Co. and Dominion
Iron & Steel Co. In V. 77. p. 772; also see V. 82. p. 460.) The Iron <: Steel
N
Co. has taken about 200,000 tons more coal from the Dominion Coal Co.
this year than it did last, its order for the current month having been for
80.(KM tons, so that the coal company has been unable to meet all the d<)
mands of other customers. The break with the Iron & Steel Co. caused
the shutting down of four of the coal company’s collieries.
The Iron & Steel Company in August turned out 2 2 . 6 0 0 tons of steel,
Its best record, and In October exceeded this figure by about 2,500 tons.—
V. 83, p. 892. 210.
Duluth (Minn.) Edison Electric Co.— Stock O ffered —
Earninqs.— F . S. Butterworth & Co., New Haven, Conn.,
in August last, when offering a block of the 6% cumulative
preferred stock at 95% and accrued dividend, made the
following statement concerning the property, which is capi
talized as follows: preferred stock, §1,000,000; common
stock, §500,000; first mortgage 5% bonds, due 1931, out
standing, $1,000,000 (V. 82, p. 572):
The preferred stock was issued nearly a year ago for 75% of cash paldfln.
ami we believe, after Investigation, that tin* market value of the properly
is in excea or the par value of b
<
ck am
stock outstanding. The earnings for the calendar year 1905 showed
$80,000 surplus after Interest charges (V. 82, p. 572). Each month of the
1232
THE CHRONICLE.
first sevciiBm onths oI this year show s an Increase over the corresponding
m onth o i last year In net earnings, the total Increase aggregating 2 8 % .
T h e p rop erty is con trolled b y local men in D uluth In association with
New Y ork Interests and has been m anaged b y m en long and fa vora b ly
Identified w ith electric lighting and pow er business. T h e price at which
electricity is sold Is below the average and the com p an y will soon receive,
under a 10-year c o n tra ct, electricity generated b y w ater pow er from the
Great N orthern P ow er C o., w h ich is d evelop in g pow er at the St. Louis
R iv er. T his con tra ct will broaden the use o f electricity and benefit the
earnings.
(C om pare V . 82, p. 572.) T h e franchise Is perpetual and satis
fa cto ry In Its te rm s.— V . 82, p . 1500.
Eastern Steamship Co.— Bonds Sold.—-The co m p a n y re
cen tly sold to G eorge A . F ernald & C o. $342,000 o f its first
m ortgage 5 % b o n d s. T h e bon d s sold are p art o f a b lo c k of
$416,000, o f w h ich $74,000 were taken b y th e sinking fu n d ,
issued to p a y fo r th e con stru ction o f the new tu rbin e stea m
sh ip , the G ov ern o r C o b b , costin g $550,000. T h e tota l
am ou n t o f bon d s ou tsta n d in g is u n d erstood to b e $2,202,000.
— V . 82, p . 337.
Edison Electric Illuminating Co. of Boston.— New Stock.—
T he shareholders will v o te N o v . 22 on increasing the capital
stock b y $ 2 ,420 ,0 0 0 , from $ 11,488,100 to $ 13,908,100.
C om pare V . 83, p. 1095, 1101.
Fredericksburg, (Va.) Water Power Co.— Change in Con
trol.— The entire $50,000 cap ital sto ck o f this co m p a n y ,
organ ized in M ay 1904, w as sold O ct. 1 1906 b y Joseph S w ift
o f W ilm in g ton , D e l., fo r $125,000 to W illiam C. W h itn er o f
R o ck h ill, S. C ., and associates. Mr. W h itn er has been elec
ted President and H on . A lv in T . E m b re y o f F rederick sbu rg,
V a ., S ecretary. There were no b o n d s or preferred stock
ou tstan d in g.
General Rubber Co.— Permanent Organization.— T he fo l
low in g officers are an nou n ced :
P resident, Sam uel P. C olt; V ice-P resid en t, Lester Leland; Treasurer,
John J. W atson; S ecretary, Sam uel N orris: General M anager, W illia m F.
Bass. E x ecu tiv e C om m ittee: S. P . C olt, Lester L eland, C. H . D ale and
J. J. W atson Jr.— V . 83, p . 689 439.
Gorham Manufacturing Co.— Suit Withdrawn— Plan May Be
Carried Out.— T he am algam ation plan (V . 82, p . 1043),
w hich was b lo ck e d b y the suits o f V ice-P resid en t R o b in so n ,
it is an n ou n ced , m a y n ow b e carried o u t, Mr. R o b in so n h a v
ing sold his interest to P residen t H o lb r o o k , w h o says:
The suit brough t in the N ew Y o rk courts b y Mr. R o b in son is at an en d .
I have bou ght ou t Mr. R o b in so n ’s interests in the G orham c om p a n y . This,
leaves us free to p roceed w ith our business as we had origin ally intended.—
V . 83, p . 690, 275.
Harbison-Walker Refractories Co., Pittsburgh.—Report.—
See “ A n n u al R e p o r ts ” on a p reced in g page.
Payment of Deferred Dividend.— T he b o a rd o f directors on
N o v . 12 “ declared all o f deferred d iv id en d on preferred sto ck ,
a m ou n tin g to 2 J ^ % , p a y a b le on N o v . 26 to stock h old ers
o f record N ov . 16.— V . 81, p . 1789.
H argraves M ills, F all R iv e r, M a ss.— No New Bonds.—
Treasurer B orden , rep lyin g to our in q u iry o f O ct. 17, says:
W e are n ot issuing an y new bon ds. W e issued $600,000 w orth o f 30-year
5 % bon ds in 1902. T hese w ere subscribed for b y our stock hold ers. Y ou
have been m isinform ed in regard to any new issue.
B a la n ce S h eet F ile d i n B o s to n Oct. 30 1906.
A ss e ts (31,747,240) —
I L ia b ilitie s (31.747,240) —
P lant ____________________ 31,010.134 Capital s t o c k ___________
$800,000
Cash & debts re ce iv a b le , _
99,601 A ccou n ts p a y a b le _________
64,540
M anu f’rs & m erchants___
594,404 Bonds
600,000
P rofit amd loss____________
■13,1011F loatin g d e b t .
282,700
— V . 8 3 , p. 1101.
H oster-C oiu m b u s Bre-weries C o ., C olu m bu s, O .— First Div
idend.— T he directors on N o v . 8 declared an initial dividen d
[V O L . LXXXBLL
— Ingersoll-Seryeant D rill C o .—
1905.
$
1904.
3
1903.
S
M fg. p ro fit-------- 1,637,198 1,230,055 1,035,254
D e p r e c i a t i o n .. . 279,879
89,649
56,507
G ross---- -------1,357,319
O ther I n c o m e ... 115,633
1,140,406
77,443
T o t a l-------------- 1,472,952
Selling & gen.exp. 803,510
1,217,849 1,111,696
667,825 534,253
N et in c o m e ..
B on d I n t e r e s t ...
D iv id e n d s -------R a t e -----------------B a l., su rplusCalendar
Year.
609,442 550,024
x 30,416
60,831
189,000
157,500
(1 8 % )
(1 5 % )
390,020
331,693
-------- Band Drill C o .--------
1905.
3
1904.
3
1903.
3
391,545 364,167 398,286
81,254 16,041
16,604
978,747
310,291 348,126 381,682
132,949 d e f.9 ,843
6,617 53,512
577,443
49,292
178,500
(1 7 % )
300,448 354,743 435,194
201,611 245,683 230,138
48,837 109,000 205,056
______
75,000 75,000
(6 % )
(6 % )
75,000
(6 % )
349,651 d f.2 6 ,163
34,060 130,056
Combined results of the two companies.
Gross
Net
Int. on sterl. Dividends
Income.
Incom e,
mtge. bonds, on stock.
Balance,
surplus.
1905 ---------------- $1,773,399
$658,279
$30,416
.8264,000
$363,863
1904 ----------------- 1,572,592
059,084
60,831
232,500
365,753
1903 ----------------- 1,546,890
782,499
49,292
253,500
479.707
2 All bon ds o f the Jngcrsoll-Sergeant Drill Co. w ere paid under the m erger
agreem ent.
F o r th e first h a lf o f th e cu rren t ca len d ar y ea r th e c o n so li
d a ted c o m p a n y , as sh ow n la st w e e k , rep o rts:
N e t sa le s,
$ 2 ,6 5 3 ,3 0 4 ; n e t earnings (p a rtly e s tim a te d ), $ 4 1 5 ,7 2 7 ; b o n d
in te re st, $ 5 0 ,0 0 0 ; 3 % on preferred s to c k , $ 1 3 5 ,0 0 0 ; b a la n c e ,
su rp lu s, $ 2 3 0 ,7 2 7 .— V . 8 3 , p . 1 1 7 3 , 1 1 7 6 , 8 9 3 .
International Mercantile Marine Co.— New Director .— Joh n
F . A r c h b o ld , son o f John D . A r c h b o ld o f th e S ta n d a r d O il
C o ., h as b een elected a d irector to ssu cceed T h o m a s W .
J o y c e , C hief C lerk of J. P . M o rga n & C o .
T h e electio n
o f M r. A r c h b o ld is u n d e rsto o d to b e in reco g n itio n o f th e
p u rch ase o f a con sid erable b lo c k o f s to c k .-— V . 8 2 , p . 1 3 8 2 .
Kings County Electric Light & P o w e r Co.— Stock Offered.
— S to ck h old ers of record D e c . 31 are offered th e righ t to s u b
scribe on or b e fo r e .F e b . 1 n e x t fo r $ 1 ,8 0 0 ,0 0 0 sto c k a t p a r ,
(p a y a b le M arch 1) in th e p ro p o rtio n o f 9 shares for 41 nowr
h e ld .
T h is will increase th e a m o u n t o u tsta n d in g to $ 1 0 ,0 0 0 ,0 0 0 , th e to ta l a u th o rize d .
T h e n ew s to c k w ill b e
re a d y for d eliv ery on M a r. 8 .
P a y m e n ts m a y b e m ad e
a t once if desired an d if m a d e prior to F e b . 15 w ill draw
in terest a t 5 % per a n n u m to M a r. 1.
Com Dare V . 8 3 ,
p . 496, 212.
Lake Drummond Canal & Water Co.— New Officers.—
B.
H o w ell G risw old h as b een elected P resid e n t, w ith o ffice
in th e M a ry la n d T ru st B u ild in g , B a ltim o re , to su cceed
W a lte r B . B r o o k s ,a n d J. A . M itte n h as b een m a d e S ec re ta ry
an d A ssista n t Treasu rer in a ccord an ce w ith “ th e p o lic y t o
in a u gu ra te an a ctiv e ca m p a ig n fo r th e d e v e lo p m e n t o f
traffic th ro u gh th e c a n a l.”
T h e T reasu rer is C aldw ell
H ard y.
In the last few years B altim ore capitalists have spent m ore than S I ,000,000 in deepening- and w idening the canal and su bstitu tin g tw o large
lock s for five smaller ones. It is said that further im provem en ts are con
tem plated. This w aterw ay was form erly know n as the D ism al Sw am p
Canal and conn ects the Chesapeake B ay w ith A lbem arle and P a m lico
sou n d s, form in g one o f the links in the inland w ater route along the A tla n
tic Coast.
T he com p an y is a B altim ore corp oration , its tota l capitalization bein g
$2,200,000, o f w hich $1,200,000 consists o f first m ortg ag e 5 % 30-year
gold bon ds and $1,000,000 is com m on stock . The canal was form a lly
opened N ov . 14 1899. It includes a lock 250 feet lon g , 40 feet w ide and
27 feet deep and its route exten ds from a p oin t in V irgin ia on the south
branch o f the E lizabeth R iv er, about 6 m iles from N orfolk , sou th erly to
the P asqu otank R iver in N orth C arolina, a d istance o f ab ou t 20 m iles.
T he "S cien tific A m erican ” o f New Y ork in its issue o f A p ril 21 1900 con
tained an illustrated article regarding the enterprise.
O f the issue o f bon ds, $1,000,000 or $1,120,000 is ou tstan d in g, being
5 % bon ds o f $1,000 each, due Ju ly 1924. T rustee, M aryland Trust C o.,
B altim ore. Interest paid regularly January and July at office o f A lex a n
der B row n & Sons, B altim ore. B ond s d ated 1S94.— V . S I, p. 1103.
o f 1 . ! o n the $ 1 ,650,000 6 % preferred s to c k , p a y a b le
Jan. 1 to stock h old ers o f record D e c. 22. A c tio n was p o s t
p on ed on the qu estion o f p ro v id in g for an y p ortion o f the
accu m u lated d iv id e n d s, am ou n tin g , it is said, to 6 % or
m ore.
(The com p a n y was in corp ora ted Jan. 1 1 9 0 5 .)—
V . 82, p . 573.
M a gn etic Iro n Ore C o. — Bonds at Auction.-— A t a u c tio n on
N o v . 8 A d ria n H . M u ller & S o n , N e w Y o r k , sold $ 3 ,0 0 0
general m o rtg a g e 6 % b o n d s , d u e 1 9 1 3 , w ith J a n . 1 8 9 4
cou pon s a tta c h e d , for $ 2 5 for th e lo t .
F or the £1 00,0 00 prior lien debentures, Messrs. V ern ey , G. Law son
Johnson and H erbert Sm ith: fo r the £2 00,0 00 second debentures, Messrs
C ooper and Jardine; and fo r the £1 00,0 00 or £1 50,0 00 N orth Sulphite
bon ds, Messrs. R . J. H ose and C utlibertson. C om pare V . 81, p. 1495, 9 7 7 V . 80, p. 2462.
and a d d itio n s.
I n te r e s t M a y 1 and N o v . 1 in N ew Y o r k
a n d B o s to n .
P rin cip a l du e N o v . 1 1 9 0 9 , b u t m a y be
redeem ed on a n y in terest d a y a t 101 a n d in te r e s t.
T he
d eb en tu res are offered b y N . W . H a r r is & C o.
M ergenthaler L in o ty p e G o. — Listed. — T h e N ew Y o r k
Im p erial P aper M ills o f C a n a d a .— Reorganization Plan .— S to ck E x c h a n g e h as listed th e $ 9 9 6 ,0 0 0 a d d itio n a l c a p ita l
A t an in form al m eetin g o f the b on d h old ers held in L on d on sto c k su bscribed fo r a t par b y sh areh olders o f record M a y 15
on N o v . 2, A . W . T a it exp la in ed that while the p la n t had 1 9 0 5 (V . 8 0 , p . 1 7 3 3 ), m a k in g th e to ta l a m o u n t listed to
p aid op eratin g expen ses, the fall in the price o f p aper had d ate $ 1 0 ,9 9 6 ,0 0 0 .— V . 8 3 , p . 1 0 9 4 , 9 7 2 .
M exican C onsolid ated M in ing & S m eltin g C o .— Listed in
m ad e necessary th e p a y m e n t o f in terest on th e co m p a n y ’ s
securities ou t o f w ork in g ca p ita l, w h ich was n ow exhausted. Boston.— T h e B o sto n S to c k E x c h a n g e h as listed th e o u t
T h e reorgan ization plan su b m itted in circular o f O ct. 24 stan d in g $ 2 ,4 0 0 ,0 0 0 ca p ita l s to c k , of th e au th o rized issue of
p rov id es for a con solid a tion w ith the allied N orthern Sulphite $ 2 ,5 0 0 ,0 0 0 ; p ar o f shares $ 1 0 . N o b o n d s . J. A . C o ra m ,
Mills and for p lacin g on th e con solida ted p roperties an issue P resid en t. Office, 6 0 S ta te S t ., B o s to n .
o f £ 3 0 0 ,0 0 0 first m ortga ge d eb en tu re s to c k , w h ich should
M ich igan State T elep h one C o .— Issue of Debentures.— T h e
rank ahead o f all o f the existin g bon d s and deben tu re stock . c o m p a n y h as m a d e an issue o f $ 2 ,0 0 0 ,0 0 0 3 -y e a r 6% co u p on
A fte r a lon g discussion it was d ecid ed to a p p o in t a com m ittee debentu res d a ted N o v . 1 1 9 0 6 , o f w h ich $ 1 ,2 5 0 ,0 0 0 h av e
to con sider the m a tter, the follow in g b ein g ap p oin ted :
been sold to p ro v id e for flo atin g d eb t incurred fo r e x ten sio n s
International Harvester Co.— New Officers.— C. S. F u n k ,
form erly an assistant to the P residen t, has been ap p oin ted
General M anager, and H a rold F . M cC orm ick , fo rm e rly a
V ice-P resid en t, has b e co m e Treasurer. R ich a rd F . Iio w e
retains th e p osition o f S e creta ry .— V . 81, p. 1 6 6 8 .
Ingersoll-Rand Company.—Earnings of Constituent Com
panies.— In last w eek ’s issue was g iv en th e balan ce sheet of
D e c. 31 1905, th e statem en t o f earnings fo r the h a lf-yea r
ending June 30 1906 and m a n y details regarding the orga n i
zation o f this recen t con solida tion , from th e data as o fficia lly
rep orted to. the N ew Y o r k S tock E xch a n g e. F rom the
sam e is derived th e follow in g statem en t o f earnings fo r the
calendar years 1903, 1904 and 1905 of the tw o con stitu en t
com panies:
Results for Year ending Sept. 30 1906.
Gross receip ts_____________$2,550,236 j Charges __________________
N et earnings--------------------- $606,252 |B alan ce, s u r p lu s _________
S309.100
$297,152
F o r the calen dar 3
rear 1 9 0 5 th e gross earnin gs w ere $ 2 , 2 9 3 ,5 5 2 .
T h e increase in sta tio n s during th e 9 m o n th s en d in g S e p t.
30
1906 w as
1 2 ,7 7 6
(m a k in g
th e
to ta l
n u m b er
8 9 ,8 2 3 ) , as aga in st 1 0 ,7 0 5 for th e entire y e a r 1 9 0 5 .— V . 8 3 ,
p . 159.
Middlesex Banking Co., Middletown, Conn.— Dividends
Resumed.— T h e c o m p a n y rece n tly p aid a d ivid en d o f 2 %
and it is ex p ected th a t h ereafter d ivid en d s w ill b e p a id se m i
a n n u a lly , th o u g h “ th e a m o u n t m a y v a r y in a cco rd a n ce w ith
e a r n in g s.” — V . 8 2 , p . 1 3 8 2 .
Nov. 17.1906.]
THE CHRONICLE.
Missouri & Kansas (Bell) Telephone Co.— Change in Divi
dend Dates, etc.— T h e fo llo w in g a n n o u n ce m e n t is m a d e :
T h e com p a n y has been paying: 6 % an nu ally In q u arterly Installm ents on
the tir.si d a y o f F eb ru a ry . M ay. August and N o v e m b e r, to shareholders o f
record o f o v e r a m on th In a d v a n ce . T h is o fte n led lo con sid erable c o n
fusion as to w hether the stock was selling d iv id e n d o lf o r d iv id e n d o n .
H ereafter the qu arterly d ivid en d s o f 1 q ";> w ill b e p a y a b le on the ilfth dnv
o f F e b r u a r y . M ay. A ugu st and N ov em b er to sto ck h o ld e rs o f record th e
iirst d a y o f each m on th In each Instan ce.— V. 8 2 , p . 1870.
Monroe (La.) Lumber Co.— Receivership.— A t S h re v e p o rt,
L a ., on N o v . 9, u p on a p p lic a tio n o f cre d ito rs in in v o lu n ta r y
b a n k ru p tcy p ro ce e d in g s , F ederal J u d g e A le x . B orm a n a p
p oin ted W illiam W in te r o f S h re v e p o rt receiv er o f th e M on roe
L u m b e r C o ., said to b e c a p ita liz e d a t $ 1 ,0 0 0 ,0 0 0 .
Municipal Court Building, Chicago.— Bonds Offered .—
P e a b o d y , H o u g h te lin g & C o .. C h ic a g o , a re o ffe rin g a t par
an d in terest $ 3 5 0,000 first m o rtg a g e 5 % serial g o ld b o n d s
o f $500 each d a te d S ep t 1 1906 an d du e in y e a r ly in sta llm en ts
on S ep t 1 .n a m e ly $ 3 5 ,0 0 0 per an n u m 1907-191 1 a n d $ 1 75,000
S e p t. 1 1916, these last b ein g s u b je c t to call on and a fter
S e p t. 1 1911 at 102V . and in terest. T ru stee F ra n cis B.
P e a b o d y . T h ese b o n d s c o v e r a 1 6 -sto ry fire p roo f b u ild in g
u n d er co n s tr u c tio n , to c o s t $ 4 4 5 ,4 8 0 ca sh , on th e 9 9 -y ea r
lea seh old 40x179 fe e t. N o s. 148-149 M ich igan A v e ., C h ica g o ,
the leaseh old b ein g v a lu e d a t $ 2 0 0 ,0 0 0 . E n tire b u ild in g
leased to C ity o f C h ica g o fo r fiv e y ea rs a $ 8 8 ,0 0 0 per a n n u m .
T h e b o n d s are th e person al o b lig a tio n o f J a c o b L . K e sn e r.
Muscle Shoals Hydro-Electric Power Co.— New Enterprise.
— T his co m p a n y has been in c o rp o ra te d a t M o n tg o m e r y , A la .,
w ith $ 1 ,0 0 0 ,0 0 0 au th o rize d ca p ita l s to c k , all o f on e class,
par o f shares 8100, t o establish a h y d r o -e le c tr ic p la n t o n th e
T en n essee R iv e r w ith a v ie w to tra n sm ittin g e le ctric p ow er
to p la ces w ith in a 100-m ile ra d iu s, in clu d in g N a sh v ille,
H u n tsv ille. D e ca tu r. B irm in g h a m , & c ., as w ell as isola ted
c o tt o n m ills and oth e r large in d u stries. T h e size o f th e
b o n d issue is u n d eterm in ed a t p resen t.
T h e co m p a n y has been in co rp o ra te d b y F ra n k S. W a sh b u rn , N ash ville,
T e n n .: Charles H . B ak er. N o . 100 B ro a d w a y , N ew Y o rk C ity: W illiam H.
L indsey (S ecretary) . N ash v ille. T e n n .: T . W . W o rth in g to n . S h effield , A la .,
and M assey W ils o n , M o n tg o m e ry . A la .
M essrs. W a sh b u rn and B aker are
chiefly interested.
Mr. W ash b u rn w as con su ltin g engineer to tw o Isth
m ian canal sy n d ica tes and to the largest w ater and p ow er interests .in C ali
fornia. Mr. B aker bu ilt and is n ow th e p rin cip al ow n er o f th e n oted Snoq u alm ie F alls & W h ite R iv e r P o w e r d e v e lo p m e n ts.
(V . 75 , p . 1043.)
T h e M uscle S hoals H y d ro -E le ctr ic P o w e r C o. prop oses to span the
T enn essee R iv e r b y tw o m ason ry d am s, o f a m a x im u m h eigh t o f 60 fe e t,
the low er on e bein g lo ca te d at the fo o t o f the L ittle M uscle Shoals and the
upper on e a b o u t m id w a y o f th e Big M uscle S h oa ls, b o th near the tow n o f
F loren ce. A la . T h ese dam s w ill m ake av a ila b le a d e v e lo p m en t o f 100,000
horse p ow er.
E ach dam in clu d es as an integral p a rt o f itself a b oa t lo c k
for fa cilita tin g n a v ig a tio n on the T enn essee R iv e r. T h e c om p a n y has
acqu ired title to all lan d s and w ater righ ts necessary for th e enterprise.
North American Express Co.— Subsidiary of Rock Island
System .— T h is c o m p a n y
w as in c o r p o r a te d in M aine on
O et. 16 w ith § 2 5 ,0 0 0 ,0 0 0 o f a u th o riz e d ca p ita l sto c k “ fo r
th e p u rp ose o f p la cin g th e R o c k Is la n d -F ris co sy stem in a
p osition to h an d le fo r itself th e exp ress b u sin ess passin g o v e r
its lines if it sh ou ld b e co m e d esira b le o r n ecessa ry to d o s o .”
T h e presen t co n tra cts w ith th e U n ited S ta tes, A d a m s, W ellsF argo a n d S ou th ern express co m p a n ie s ru n in som e in stan ces
to 1909. A m o n g th e o ffic e r s o f th e n ew c o m p a n y are C. W .
H illa rd . T . D . H eed a n d G eorg e T . B o g g s , all o fficia ls o f th e
R o c k Isla n d -F risco lines.
Northern Sulphite Mills of Canada.— Reorganization.—
See Im p eria l P ap er M ills a b o v e .— V . 81, p . 1496.
People’s Gas Light Co., Cleveland.— Sale.— See C olu m b ia
C o rp ora tion a b o v e .— V . 8 3 , p . 276.
Portsmouth (O.) Telephone Co.— New Stock.— T h e c o m
p a n y h,as filed a certifica te o f in crea se o f a u th o rize d ca p ita l
sto ck from $100,000 to $ 2 0 0 ,0 0 0 , th e n e w shares b e in g , it is
sa id , 6 % cu m u la tiv e p re fe r r e d .— V . 71, p . 1124.
Power & Mining Machinery Co.— Balance Sheet.— See
In tern a tion a l S team P u m p C o. u n d e r ‘ ‘ A n n u a k R e p o r ts ” on
a p re ce d in g p a g e .— V . 8 3 , p . 767.
Public Service Corporation of Virginia, Hampton, Etc.—
Increase of Stock. Etc.— T h e ca p ita l s to c k has been increased
from $300,000 to $ 1 ,0 0 0 ,0 0 0 , all o f on e class. A c o n tr a c t
has been a b o u t co m p le te d fo r s u p p ly in g th e c it y o f N e w
p o rt N ew s, V a ., w ith g a s. Charles B a k e r, o f B aker &
V a u g h a n , this c it y , re ce n tly T rea su rer, has been elected
P resid en t.
Guaranteed Bonds Offered.— See S u ffolk Gas C o. below.—
V . 83. p . 628.
Pullman Company.— Report.— See “ A nnual R e p o r ts ” on
a p reced in g p ag e.
Stock Dividend.— At th e sh a re h o ld e rs’ m eetin g on Nov. 14
it w as v o te d to in crease th e ca p ita l s to c k fro m $74,000,000
to $100,000,000, th e n ew shares , to g e th e r with S640.000
o f treasu ry s to c k , to be issued to sh areh old ers o f record Nov.
30 as a sto ck d iv id e a d o f 3 6 % in ord er to distribute a portion
o f th e c o m p a n y ’s a ccu m u la te d su rplu s.
The statement
issued b y th e d irectors sa y s in su b sta n ce:
1233
will continue to require Increased facilities. The unprecedented demand
for cars lias demonstrated the necessity ol im proving ami enlarging the co m
pany's manufacturing plant to enable It to be In position to obtain its share
of the business which such dem and will create.
The tendency of greater or less extent toward the substitution of steel
for wood in the construction of the whole or a part ol' ears, particularly of
freight ears, lias determined your board to diroot the construction lor the
manufacture of such cars or parts of cars of a plant o f the most Improved,
and therefore necessarily of a somewhat expensive, character. (The direc
tors voted to appropriate Si .000,000 for a plant on the property in Pullman
for the manufacture o f steel cars.— Ed.)
The stockholders are entitled to the immediate benefit of the investments
and Improvements thus made and contem plated to lie made. The direc
tors therefore recommend to that end, that the capital stock may bear a
just and proper relation to the actual assets that the surplus assets to the
extent of $26,000,000 be capitalized, and that additional stock to the amount
of $26,000,000, with a necessary additional amount from the stock held In
the treasury, be distributed pro rata to stockholders of record Nov. 30 1006.
Tax Lien. — N o tice w as serv ed u p o n th e c o m p a n y on N o v .
14 b y th e C o rp o ra tio n C ounsel o f th e C ity o f C h icag o th a t
the su rplu s, w h ich is a b o u t to b e d iv id e d a m o n g th e s to c k
h old ers, is s u b je c t to th e lien o f the C ity o f C hicago and
C o u n ty o f C ook fo r ta x e s a m o u n tin g to $ 2 ,5 0 0 ,0 0 0 .
New Director .— Charles S. S w eet, a ssistan t to P resid en t
L in co ln , has been e le cte d a d ir e c to r to su cceed F ran k O .
L ow den.
P resid en t L in co ln w as re-e le cte d a n d . it. is sta te d ,
d e cla re d a fter the m eetin g th a t th e re p o rts reg a rd in g his
in te n tio n to resign fro m the^presidency were w ith o u t fo u n d a
tio n .
A press re p o rt states th a t D a v iso n D a lziel, a d ire cto r o f
the C om p a gn ie In te rn a tio n a le des W a g o n s L its (In te rn a
tion al S leep in g Car C o .) has b e e n e le cte d C hairm an o f th e
fo re ig n c o m p a n y , the P u llm a n C o ., L t d .— V . 8 3 , p . 1174,
973.
S aco & P e tte e M a ch in e S h o p s .— Extra Dividend.— T h e
d ire cto rs h a v e d ecla red th e regu la r sem i-a n n u a l d iv id e n d o f
3 % an d an e x tra d iv id e n d o f 1 % on th e c o m m o n s t o c k ,
p a y a b le a lon g w ith th e usual sem i-a n n u a l 3 % on th e p re
ferred s to c k D e c . 1 to sto c k h o ld e r s o f re c o r d N o v . 1 2 .— V 81,
p . 558.
S a g a m ore M a n u fa ctu rin g C o ., F a ll R iv e r . — Dividend .—
T h is c o m p a n y on N o v . 10 p a id a d iv id e n d o f 5 % on its
$ 900,000 ca p ita l s to c k , m a k in g 2 0 % d e cla red d u rin g 1906,
c o n tra stin g , it is sa id , w ith 5 % d u rin g th e en tire y e a r 1905,
4 % in 1904, 4 ) ^ % in 1903 and 7 J ^ % h i 1902.
No bonds
o r m o r tg a g e . C om p a re V . 8 2 , p . 1188.
S cu llin -G a lla g h er Ir o n & S teel C o ., S t. L o u is .— Presiden
Resigns.— P resid en t F ra n k N . Joh n son has ten d ered hi£
resig n a tion . Joh n Scullin is C hairm an o f th e b o a r d a n d g
H a rry S cu llin , it is sa id , w ill ta k e a c tiv e ch arge o f th e p la n t .”
— V . 8 3 , p . 973.
S ta n d a rd Oil C o .— Suit by Government.— A bill in e q u ity ,
g iv e n a t len gth in th e d a ily p a p ers o n F r id a y , w as filed on
N o v . 15 in th e U n ited S ta tes C ircu it C ou rt a t S t. L ou is b y
A tto rn e y -G e n e ra l M o o d y , a ctin g u n d er th e d irection o f P re si
d e n t R o o s e v e lt, in an a ctio n b y th e G o v e rn m e n t aga in st t h e
S ta n d a rd Oil C o. o f N ew J ersey , se v e n ty alleged c o n s titu e n t
c o r p o ra tio n s and p a rtn ersh ip s, an d seven in d iv id u a ls, t h e
la tte r b e in g d ire cto rs o f th e S ta n d a rd Oil C o. V io la tio n o
S ection s 1 and 2 o f th e S h erm an A n ti-T r u s t L a w is ch a rg ed
J u d g m en t is asked fo r d isso lv in g th e co m b in a tio n ; also a n
in ju n ctio n p ro h ib itin g th e several con cern s from p a y in g d iv i _
d en ds to the S tan d ard Oil C o. an d fr o m en terin g in to an y
fu rth er co n tra cts o r tra n sa ctio n s in restra in t o f tra d e .
Other Legal Proceedings.— C rim inal p roceed in g s a g a in st
v a riou s o fficia ls fo r a lleged v io la tio n o f th e V alen tin e A n tiT ru st A c t are still p e n d in g in O h io, a n d p ro se cu tio n s, it is
cu rren tly r e p o r te d , are also th rea ten ed o r p en d in g in oth er
S ta te s.— V . 8 3 , p . 100.
S ou th ern N e w E n g la n d (B ell) T e le p h o n e C o .— Option to
Subscribe.— S to ck h o ld e rs o f re co rd N o v . 15 1906 are offered
th e rig h t to su b scrib e a t par on or b e fo r e D e c. 15 fo r $ 2 ,2 0 0 ,000 n ew s to c k to th e e x te n t o f 4 0 % o f th eir h o ld in g s. S u b
scrip tion s are p a y a b le in. fo u r equ al in sta lm en ts, on Jan . 15,
A pril 15, J u ly 15 an d O c t. 15 1907, or o p tio n a lly in fu ll on
a n v o f th e a foresa id d a tes or a t a n y tim e b etw een th e sa m e.
T o u c h in g th e in crease in th e lim it o f ca p ita l s to c k issue
fro m $ 6 ,0 0 0 ,0 0 0 to $ 8 ,0 0 0 ,0 0 0 , P res. M orris F . T y le r says:
In January last the capital stock was increased from $5,000,000 to SO.
000,000. Of this the directors have Issued $500,000, so that the capital
stock to-day is $5,500,000. Our extensions and Improvements have been
pushed during the past nine months with very great vigor, so that the (float
Ing) debt is nearly $1,500,000. This it is proposed to capitalize, ft was
thought at the time the last vote Increasing the capital stock was passed
that a million would be enough for at least one year, possible eighteen
months. But this calculation has been proved to be short of the fact.
Y our directors now ask for an increase which will enable them to pay the
floating debt, and leave them one million more to be Issued In the course
of the next year or eighteen months to pay for further extension.— V. 83.
p. 1175, 1102,
S tap les C oal C o . — Called Bonds .— F ifteen b o n d s o f 1898
w ill b e red eem ed a t p a r and in te re st D e c . 1 a t th e N ew Y o r k
o ffic e or in T a u n to n , M ass.— V . 8 2 , p . 7 0 1 .
S u ffo lk (V a .) G as C o .— Bonds Offered.— B aker A V au gh an .
T h e annual statem en t fo r th e fiscal year ended J u ly 31 1906 show s th a t, 20 B road S t., N ew Y o r k , offer a t 95 and in terest this c o m
after w ritin g off various a m ou n ts for d e p re cia tio n , the v a lu e o f the assets p a n y ’s $12 5 ,0 0 0 o f 2 5 -y e a r first m o rtg a g e 5 % g old b o n d s ,
w as $2 7,12 2,02 0 In excess o f the par valu e o f th e cap ital stock o f the c o m
gu a ra n teed p rin cip a l and in terest b y the P u b lic S ervice
p an y . T his excess has not been dim in ished sin ce the d ate o f th at state
(V , 83 , p . 6 2 8 ), w h ich ow n s th e
m erit. T h e directors are o f op in ion that in v iew o f the p revailin g c o n d i C orp ora tion o f V irgin ia
tion s and th e ex ig en cies o f the c o m p a n y ’s business, a d istrib u tion o f an y co n tro l o f the c o m p a n y .
C apital sto ck $ 2 5 0 ,0 0 0 .
part o f Its assets w ou ld not be for the Interest o f the stock h old ers.
Bonds Ulmltod to $125,000) arc dated Nov. 1 1006 and mature No\ 1
T h e g ro w th o f the business o f the com p a n y has rendered necessary a
1931. but subject to call at 105 and Interest; Columbia T- r t Co . New York .
v e r y large Increase o f Its e q u ip m e n t, and n otw ith sta n d in g tlfe con stru ction
o f new cars c o n sta n tly g o in g on to repla ce old and w o rn -o u t cars, as well as trustee; denominations. $500 and 51,000 each; Interef pajabh- May and
to m eet the added dem ands o f Increasing tra v e l, there is n ow a ncce slty Not at the office o f Baker 4 Vaughan. T he bonds were Issued ; >r net*
plant and Improvements.
Directors: James M. MoLemore (President)
for a d d ition a l e qu ipm en t calling for a very' large e x p e n d itu re and em ploy
President of Hank of Suffolk, Va ; A. W ool ford (Srrreuto 1. Cashier of
in ? all o f the c o m p a n v ’s '-Ti«t|ng capital c a p a city .
T h e rrAm ufactur'ng buslnes d evelop ed du rin g the la t y ea r to a higher Hank of Suffolk; E. K. Hollmm and W . l l . Jo nc J r .. respectively President
Charles Baker
degree than It ev er before at •>in<“ i. in ti it g iv e sa tis fa cto r y c Idem-c o f | and Cashier of Farmers' Hank of Nansemond. Norfolk. \
fu rther d e v e lo p m e n t In the near fu tu re .J a T h lsId e v e lo p m e n t requires and and J. D. Baucu . both of New York.
FHE CHRONICLE
1234
S u squ eh an n a Ir o n & Steel C o .— Preferred Stock Offered .—
T h is reorg an ized c o m p a n y is offerin g fo r p u b lic su b scrip tio n
a b lo ck o f its 7 % c u m u la tiv e p r o f, s to c k a t p a r, $5 per share,
a bon u s o f 5 0 % in c o m m o n s to c k b ein g g iv e n th e re w ith .
C om p are V . 83, p . 1102, 1040, 9 7 3 , 895.
T riu m p h Oil & R e fin in g C o .— Sale Nov. 1 7 .— R e ce iv e r
Sim on B ru n er, 4th N a tion a l B a n k B u ild in g , C in cin n ati, an
n oun ces b y a d v ertis e m e n t th a t the sale o f th is c o m p a n y ’ s oil
prop erties and its oil leases o n 674 acres o f u n d e v e lo p e d
land an d 378 acres o f p a rtly d e v e lo p e d lan d in V a n W ert
C ou n ty , O ., w ill ta k e p la ce in th e to w n o f V an W e r t o n N o v .
17 u nder ord er o f H a m ilto n C o u n ty C om m on P leas C ou rt.
T h e co m p a n y was in co rp o ra te d un der the law s o f S outh D a k o ta w ith
$2,000 ,000 a u th orized cap ital s to ck , afterw ard s redu ced to $500,000; th e
par value rem a in in g u n ch an ged at $1 per share.
U n ion G as & E le ctric C o ., C in cin n a ti.— See C in cin n ati Gas
& E le ctric C o.; also C o lu m b ia C o rp o ra tio n a b o v e .— V . 83,
p. 912, 577.
U n ion H o lly w o o d W a te r C o. o f H o lly w o o d , C a l.— R o n d s.—
T h e N a tion a l S ecu rities C o. o f L os A n g eles has re ce n tly
been offerin g $75,0 0 0 o f th e $2 0 0 ,0 0 0 b o n d s o f th is c o m p a n y ,
w h ich w as org a n ize d in J u ly last w ith $ 1 ,0 0 0 ,0 0 0 ca p ita l
s to c k to su cceed th e W e s t Side W a te r C o .
D ire cto rs: G . J.
H ey ler, G eo. D . R u d d y , E d w a rd A . G eissler.
[ V O L .L X X X Ill.
d ends at this tim e.
W ith the Increased earnings w h ich w ill result from th is
Increased c a p a c ity , h o w ev er, It is e x p e c te d th at p a y m en ts o f th e ba ck d iv i
d ends on the preferred stock (n ow a m ou n tin g to a 'A %■ — E d.) w ill be re
su m ed at an early d a te .— V . 8 3 , p. 42, 35 .
•
Wilmington (Del.) Light, Power & Telephone Co.— Status.
— Scott & Co., Wilmington, Del., favor us as follows:
T h e com p a n y is a con solid ation o f the W ilm in g ton E le ctric L ight & P ow er
C o. an d the D e lm a r v la T e le p h o n e C o. A pril 1 1906.
it o w n , an autom atictelep h on e system and electric lig h tin g and p ow er plant and has b etw een
2 , 0 0 0 and 3 , 0 0 0 teleph on es In serv ice, while its new ly erected p ow er plant
has 2 , 0 0 0 k. w . at this tim e. C apital stock : C om m on . $ 1 , 0 0 0 , 0 0 0 ; p re
ferred , $ 2 5 0 , 0 0 0 .
First m ortg ag e 00 -y ear 5 % b o n d s , $1 . 2 5 0 , 0 0 0 . o f w h ich
$ 8 0 8 , 0 0 0 are ou tsta n d in g , $ 3 4 2 , 0 0 0 In trea su ry for ex ten sion s and $ 1 0 0 , 000 reserved to p a y u n d erly in g liens.
P resid en t, Charles C. K u rtz; S ecre
tary and T reasurer, S tanley B aker, all o f W ilm in g to n , D el. C om pare
V . 8 2 , p. 12 1 6 . — V . 8 3 , p. 9 1 2 .
(Walter A.) Wood Mowing & Reaping Machine Co.,
Hoosick Falls, N. Y . — Called Bonds.— T w e n ty -se v e n fi rst
refu n d in g m o rtg a g e g o ld b o n d s d a te d Ju ne 1 1905 h a v e
been called fo r re d e m p tio n on D e c. 1 a t th e S e cu rity T ru st
C o. o f T r o y , N . Y . — V. 81, p . 619.
Westinghouse Electric & Manufacturing Co.— Earnings.—
See “ Annual Reports” on a preceding page.
Listed .— T he N ew Y o r k S to ck E x c h a n g e has listed 8 1 5 ,00 0 ,0 0 0 c o n v e rtib le sin k in g fu n d 5 % b o n d s o f 1931, and has
a u th o rize d the listing o f 8 1 0 ,0 0 0 ,0 0 0 ad d ition a l fro m tim e
to tim e p rio r to M ay 1 1907, m a k in g th e to ta l a m ou n t au
th o rize d to b e listed $ 2 5 ,0 0 0 ,0 0 0 .
C om p are V . 82, p . 222,
755, 8 0 9 .— V. 83, p . 704, 320.
U n ited C ob a lt E x p lo r a tio n Co .— Stock Offered.— T his
c o m p a n y , w ith a ca p ita l s to c k o f $ 1 0 ,0 0 0 ,0 0 0 , d iv id e d in to
10,000,000 shares o f o n e d olla r e a ch , offers b y a d v e rtise m e n t
on a n oth er p ag e 5 ,0 0 0 ,0 0 0 shares fo r s u b scrip tio n a t p a r.
A p p lica tio n lists to close a t E q u ita b le T ru st C o. o f N ew
— T he n ew b a n k in g firm o f M a cy B roth ers, co m p o se d o f
Y o rk N o v . 20 a t 3 p . m .
G ra n t H u gh B ro w n e is th e s y n d i
A lfred M a cy an d Josiah M a cy , w as fo rm e d th is w eek to deal
ca te m a n a g er. A ll a p p lica tio n s m u st b e a cco m p a n ie d b y
in cu rb secu rities, sto c k and b o n d s .
A lfre d M a cy w as fo rm ch eck s in fu ll, p a y a b le to th e s y n d ica te m a n a g er. T he
m e rly cashier o f the N ew Y o r k S to c k E x ch a n g e house o f
co m p a n y is bein g o rg a n ized u n d e r th e law s o f N ew Jersey
A lb e r t H . V ernam & C o ., 36 N ew S treet, a n d Josiah M a cy
to e x p lo it p rop ertie s in th e C o b a lt, C a n a d a , M ining D is t r ic t ,
w as u ntil la te ly c o n n e c te d w ith th e Illin ois Central R a ilroa d .
an d h as, it is sta te d u n d er o p tio n so m e th ir ty o d d m in es,
in clu d in g a n u m b e r o f d e v e lo p e d p ro p e rtie s , co m p risin g T h e o ffic e s are lo ca te d a t 20 B ro a d S treet, th is city .
a b o u t 1,500 acres “ co v e r e d b y a n e tw o rk o f v ein s w h ich
— T he b o n d .and b rok era g e h ouse o f B eck er & S terlin g
are as p rom isin g as th e b e st in th e d is t r ic t .”
o f 18 W a ll S treet, N ew Y o r k C ity , has p rep a red a h an d y
U n ite d M etals S ellin g C o .— Copper Output Controlled.— fo rm o f b o n d interest ta b les fo r d istrib u tion a m on g b o n d
T he ta b les are p rin ted in p o c k e t size,
T he “ B oston N ew s B u r e a u ,” in a recen t issue, estim ates th e dealers and oth ers.
annual co p p e r p r o d u c tio n n o w u n d er th e c o n tr o l o f th e U n ite d reversible ca rd b o a rd squ ares, one ta b le fo r each d a y o f the
m o n th . In terest on $ 1 ,0 0 0 at fro m 3 to 7 % is c o m p u te d
M etals Selling C o. at a b o u t 6 8 3 ,0 0 0 ,0 0 0 p o u n d s , as fo llo w s:
fro m the d a y co v e re d in each p a rticu la r ta b le b a c k to the first
A n n u a l P r o d u c tio n C o n tr o lle d ., A g g r e g a tin g 683,000,000 lbs.
o f the m o n th , and plus on e, tw o , th ree, fo u r , or five m on th s
P oxiticL
s
P ou n d s.
|
A m a lg am a ted o w n e d ____ 220,000,0001 T enn essee C op per C o ____ 15,000 ,000 to th e last in terest d a te, so th a t b o n d b u y e rs m a y c o n
d o m in ority & c u sto m j6 0 ,0 0 0 ,0 0 0 i A rizon a C op per C o _______ 28 .00 0 ,0 0 0
v e r t a t a glan ce “ fla t” p rices in to “ and in te re st” p rices and
N orth B u tte and B u tte
A m erican S m elting & R e
C o a lit io n _______________ 70 ,000 ,000
t
v ice versa. T he firm w ill su p p ly these “ U n ique B on d In te r
fining C o _______________ 10 0,0 0 0 ,0 0 0
Bigelow p ro p e rtie s________ 40,000 ,000 B ingham C o n so lid a te d . . 12,000 ,000 est T a b le s” u p on a p p lica tio n .
Greene C o n so lid a te d _____ 60.000,000 C h a m p ion , B altic and T riU tah C o n so lid a te d ________
20.000.000
m ou n tain _____________
T a c o m a S m e ltin g ________
40 .000 ,000
18,000,000
— T he N ew Y o r k firm s o f Jon es, Caesar, D ick in so n , W ilm o t & C o ., certified p u b lic a cco u n ta n ts, and P rice, W a te rcom p a n ies, like T re n to n and W a sh o e ; also 15 ,000,000 o f cu stom business h ouse & C o ., ch artered a cco u n ta n ts, h ave la te ly op en ed a
treated at th e W a sh oe S m elter, this em bracin g the p ro d u c t o f th e P itts b ra n ch o ffice in th e C ity o f M e x ico .
T he jo in t firm s, w h ich
burgh & M on tan a , E ast B u tte and oth er m iscellan eou s p rop erties.
h a v e establish ed this n ew o ffic e in ord er to keep in closer
T he sam e jo u rn a l has co m p ile d the fo llo w in g re g a rd in g the to u ch w ith th eir businses in M e x ic o , w ere in d u ced to d o so
co p p e r refinin g p la n ts in th e co u n tr y :
u p o n th e su ggestion o f frien d s w ith w h o m th e y h a v e had
M o n th ly C a p a c ity (in P o u n d s ) o f C o u n tr y 's C o p p e r R e fi n in g P la n ts .
b " s :ness relation s in the R e p u b lic fo r m a n y years.
H. W .
J a n . 1 .1 9 0 6 .
O ct. 1906.
W ilm o t, on e o f the p a rtn ers, is in M e x ico n o w an d has ch arge
O w n ers —
P ou n d s,
P ou n d s.
U nited M etals Selling C o ., R a rita n , N. J ____________ 12,000,000 25,000 ,000 o f all the firm ’s -work th ere.
T his large a cco u n tin g c o n c e r n ’s
N ichols C hem ical C o ., B a y o n n e , N . J ________________ 25,000 ,000 25 ,000 ,000
b u s ’ness ex ten d s all o v e r th e w o rld and has led to th e esta b
A m er. S m elting & R efin in g C o ., P erth A m b o y ______ 9,0 00,0 00 12,000,000
do
do
T a co m a _ _ _________ 3,0 00,0 00
3.0 00,0 00 lish m en t o f h eadquarters in C h ica g o, P ittsb u rg h , S t. Lou::s,
U . S. S m eltin g , R e f. & M ’g C o ., C arteret. N . J ______ 8 ,0 00,0 00 12,000,000
K eyser & C o ., B a ltim ore, M d _________________________ 10,500,000
10,500 ,000 San F ra n cisco , L o n d o n , E n g la n d , a n d M elb ou rn e, A u stra lia ,
B oston & M on tan a (A m a lg a m a te d C op per C o .) ,
b esides th e m ain o ffic e at 54 W illia m S treet, N ew Y o r k .
z In clu d es 45 ,000 ,000 lbs. p ro d u ce d b y som e o f the sm aller A m a lg a m a ted
G reat F a lls, M o n t______________________________
4 ,0 00,0 00 4,000.000
B alba ch M an u factu rin g C o ____________________________ 2,7 00,0 00
2,7 00,0 00
T o ta l m o n th ly c a p a c ity ___________________________ 73 ,200 ,000
94 ,200 ,000
" T h e U n ited M etals Selling C o. uses th e c o p p e r refinery in B altim ore
ow n ed b y the K eysers, so th a t, w ith th e G reat F alls refinery o f the B oston
& M ontana C o ., th e A m a lg a m a te d interests c o n tro l a c o p p e r refining c a
p a city o f 39 ,500 ,000 p ou n d s per m o n th , w h ich is at th e rate o f 43 4,00 0,00 0
pounds per annum .
T h e U n ited S tates S m eltin g , R efin in g & M ining C o. is a grow in g fa c to r ,
an d alth ou gh it has increased th e ca p a c ity o f its D e L am ar refinery this year
o n e-th ird , to a basis o f 144,000,000 p ou n d s per an n u m , it is plann ing a still
fu rther increase.
(V . 83, p. 912.)
T h e present refining c a p a city o f the c o u n tr y is n ow su fficien t to handle
the p ro d u c tio n , w h ich is at the rate o f a b o u t 10 0,00 0,00 0 p ou n d s per m on th ,
including p ro d u c tio n from M e x ico and C anada.
O f this p ro d u c tio n , a b ou t
20,000,000 p ou n d s per m o n th is L a k e c o p p e r and does n ot require ele c tr o
ly tic refining.
B y th e tim e the U tah C o p p e r, th e N ev ad a C on solid ated and the Cum b erla n d -E ly c o p p e r com es on the m arket in v o lu m e , w h ich w ill n ot be m u ch
b efore 1908, th e A m e rica n S m elting & R efin in g C o. w ill still fu rther h ave
enlarged its refining c a p a c ity .” — V . 82, p . 1444.
U n ite d S tates G y p s u m C o ., C h ic a g o .— Earnings.— T h e
co m p a ra tiv e b a la n ce sheets o f Ju ne 30 1906 an d D e c . 31 1905
w ere g iv e n in th e “ C h r o n ic le ,” V . 83, p . 1095. T h e earn
ings fo r th e h a lf-y e a r en d in g Ju ne 30 1906 w ere as fo llo w s:
N et earnings fo r 6 m on th s ending June 30 1 9 0 6 ______________________ $220,776
Sem i-ann ual in stallm en t o f sinking fu n d fo r retirem en t o f b o n d s ___
25,000
63,290
D iv id e n d N o . 1 ,1 M % , M arch 1906 (V . 83, p . 4 9 9 ) ________________ .
— T he A m erica n A sso cia tio n o f P u b lic A cco u n ta n ts held
th eir annual c o n v e n tio n in C olu m b u s, O h io, on th e 24th ,
25th and 26t.h u lt.
A n in terestin g b u s ’ness an d e n jo y a b le
socia l p rog ra m w as arran ged and carried o u t.
A large
ga th erin g o f th e p ro fe ss:o n ’s rep resen ta tiv e a cco u n ta n ts
fro m all parts o f th e U n ited States a tte n d ed all th e sess’on s.
E . W . Sells o f N ew Y o r k w as e le cte d P resid en t o f th e A sso
cia tion fo r th e ensuing y e a r, su cce e d in g Joh n R . L o o m is
o f N ew Y o r k , and T . C. R o b e r ts w as ch osen S ecreta ry a n d
G u y H . K e n n e d y "was re-elected T reasu rer.
— T he C hicago b a n k in g and b ro k e ra g e firm o f E d w in L .
L o b d e ll & Co. has ju s t been reorg a n ized , tw o n ew general
partn ers b ein g a d m itte d .
T hese are W illia m R . B u sen b a rk , w h o fo r several yea rs past has rep resen ted p rom in en t
C hicago b rok era g e houses in N ew Y o r k C ity (first, C ounselm an & D a y and later R u ssell, B rew ster & C o .), an d C lyd e
J. N orris, w h o has been m a n a ger o f th e C hicago o ffic e .
W illia m H . M cD o e l, P resid en t o f th e “ M o n o n ” R a ilw a y
C o m p a n y , con tin u es as sp ecial p a rtn er.
— In v ie w o f th e near a p p ro a ch o f th e c o lle ctio n o f ta x es
on real estate and p e rso n a lty , a tte n tio n is called to th e
B alan ce, surplus fo r h a lf-y e a r, not d istr ib u te d - . . _______ ___ $132,486
selected list o f ta x -e x e m p t gu a ra n teed stock s offered to -d a y
C om p are V . 83, p . 1095, 499.
b y A". M. K id d e r & C o ., 18 W a ll S tre et, N ew Y o r k , in an
V u lca n D e tin n in g C o .— Reasons for Omission of Extra Divi a d v e rtise m e n t elsew here. T h e list com p rises leased line
dends in October.— F o r re co rd it sh ou ld b e said th a t on O ct. 5, sto c k y ie ld in g fr o m 3 )4 to 6 % in terest , gu aran teed b y th e
w hen a q u a rte rly d iv id e n d o f 1 ) 4 % w as d ecla red on th e 7 % N ew Y o r k C entral, P e n n sy lv a n ia , D elaw are & H u d s o n ,
p referred s to c k , p a y a b le O ct. 2 0 , th e fo llo w in g e x p la n a tio n Illin ois Central, S ou th ern and R o c k Isla n d ra ilroa d s, B r o o k
was g iv en fo r th e om ission o f th e e x tra d iv id e n d w h ich in ly n R a p id T ra n sit and M etrop olita n S treet R a ilw a y .
J a n u a ry 1906 w as 1 % , in A p ril 1 % and in J u ly 14% >in a d d i
— M r. R o y * C . M egargel la te o f th e firm o f M egargel &
tion to th e 1 M % q u a rterly :
B ro o k s, S cra n to n , P a ., has o p e n e d an office in th is c it y on
T h e c o m p a n y has ju st c o m p le te d a large a d d ition to Its S ew aren p lan t, th e fo u r th floor o f th e H a n o v e r B a n k b u ild in g , 5 N assau
thus increasing its c a p a c ity b y on e-th ird . T h e cost o f this a d d itio n , t o
T h e n ew firm o f M egargel & C o. w ill d eal in b o n d s .a n d
geth er w ith its c o m p le te e q u ip m e n t, has alread y been paid fo r ou t o f earn S t.
ings. F u rth er im p ro v e m e n ts h a v e been p lanned and are n ow un der w a y . u n listed secu rities g iv in g sp ecial a tte n tion to N orth w estern
On a cco u n t o f this ex tra o rd in a ry e x p en d itu re o f earnings, the d irectors
have deem ed it w ise and co n se rv a tiv e to p a y n o p art o f the d eferred d ivl- P e n n sy lv a n ia secu rities.
1
THE CHRONICLE
Nov. 17 1906.1
filc p o r t s
UNITED
a m i
D o c u m
e n t s
R A IL W A Y S INVESTMENT CO.
O F F IC IA L S T A T E M E N T TO T H E P H IL A D E L P H IA STO C K E X C H A N G E IN C O N N E C T IO N W IT H L IS T IN G
OF T H E U N IT E D R A IL W A Y S IN V E S T M E N T C O M P A N Y F IR S T L IE N C O L L A T E R A L T R U S T
T W E N T Y -Y E A R S IN K IN G F U N D F IV E P E R C EN T G O LD B O N D S D U E M A Y 1 192(5.
Jersey C ity , N. J ., O ctober 1 1906.
To the Stock List Committee Philadelphia Stock Exchange:
will pay or cause to be paid to the Trustee an am ount of
m on ey in gold coin equal to one (1) per cent o f the par value
o f the bonds issued and outstanding on the first d ay of May
1911. Such m oneys shall be applied by the Trustee to the
purchase o f said bon ds in the open m arket at not m ore than
j 105 per cent of their par value. If the bonds cannot, be pur
chased at 105 in the open m arket, then such am ounts as is
required for the Sinking Fund shall be drawn b y lot at 105
and accrued interest, in the manner as provid ed in the Col
lateral Trust A greem ent. The bonds so purchased or drawn
for the sinking fund shall n ot be canceled, b u tsh a ll be|held
b y the Trustee, stam ped “ N ot N egotiable; p roperty of the
Sinking F u n d ,” and all interest accruing thereon shall be
j collected b y the Trustee and invested or applied as other
sinking fund m oneys arc invested; but such bon d s shall no
longer be deem ed to be outstanding, excep t for the purpose
o f drawing interest for the sinking fund, nor shall they be
entitled to share in the proceeds o f any sale o f the com m on
stock of the Philadelphia C om pany pledged and h y p oth e
cated under the Collateral Trust A greem ent.
The $15,750,000 bonds issued and outstanding, as well as
those which are to be issued up to the am ount of $20,250,000,
are all equally secured b y a Collateral Trust A greem ent,
dated April 5 1906, between the United R ailw ays In vest
ment C om pany and The New Y ork Trust C om pany, Trustee,
a certified co p y of which agreem ent accom panies this appli
cation.
In addition to the 420,000 shares o f Philadelphia C om pany
Com m on Stock acquired as a b ov e, and w hich constitutes a
m a jority o f the entire Capital S tock of that C om pany, the
United R ailw ays Investm ent C om pany still holds in its
treasury 200,000 shares Four Per Cent Cum ulative Preferred
Stock and 199,991 shares Com m on Stock of the United
R ailroads of San Francisco, being the total issue with the
exception o f nine shares held b y D irectors, and a description
of the p roperty, assets and liabilities o f both the Philadelphia
C om pany and the United R ailroads of San Francisco is pre
sented herewith and m ade part o f this application.
W ith reference to its original a p plication , dated Septem ber
17 1902, for the listing of its com m on and preferred stock ,
and subsequent application, dated May 4 1906, for the listing of an additional am ount o f its increased com m on stock ,
the United R ailw ays Investm ent
C om pany (form erly
• United R ailw ays Investm ent Co. o f San F ra n cisco,” which
‘
name was changed to “ United R ailw ays Investm ent C om
p a n y .” effective on Septem ber 18 1906) hereby makes appli
cation to have listed on the Philadelphia Stock E xchange
815,750,000 of its First Lien Collateral Trust T w en ty-Y ear
Sinking Fund Five Per Cent Gold Bonds (Pittsburgh Issue),
num bered from 1 to 15,750, b oth inclusive, for $1,000 each,
su bject to redem ption and to the operation of a sinking fu n d,
in the manner as below set forth.
The bonds are in coupon fo r m . with privilege of registration
as to principal, and are dated May 1 1906, m aturing May 1
1926, and bear interest from May 1 1906, at the rate of five
per cent per annum , payable sem i-annually May 1 and N o
vem ber 1.
The principal of the Bonds is payable at the office o f The
New Y ork Trust C om pany, Trustee, in the City of New Y ork
and the interest o f the Bonds is payable at the office of said
Trustee, or at the office o f the Guarantee Trust & Safe
Deposit C om pany, Philadelphia, at bearer’s op tion , both
principal and interest being payable in gold coin of the
United States of A m erica, o f or equal to the present standard
o f weight and fineness, w ithout deduction for any ta x or
taxes w hich the Com pan}' m ay be required to pay thereon,
or to retain therefrom under any present or future law of the
United States or o f any State, cou n ty or m unicipality
therein. The United Railw ays Investm ent C om pany will
reim burse the holders o f these bonds for all paym ents which
from tim e to tim e legally they m ay be called to make of any
tax (other than succession or inheritance taxes) upon these
bonds or upon such holders by reason of such ownership
thereof under the laws o f the State o f P ennsylvania, upon
satisfactory evidence o f such paym ent being presented to U N IT E D R A IL W A Y S IN V E S T M E N T C O M P A N Y OF
SAN F R A N C IS C O .
the C om pany in the manner provided in the Collateral Trust
S T A T E M E N T OF INCOM E A N D P R O F IT A N D LOSS F O R T H E
Agreem ent under which said bonds are issued.
Y E A R E N D E D D E C E M B E R 31 1905.
The bonds m ay be registered and transferred at the office
Gross Income—
o f The New Y ork Trust C om pany, N o. 26 Broad Street, Dividends on the Preferred Capital Stock o f the United R ail
roads o f San Francisco— Three and Eight-tenths per Cent on
New Y ork C ity.
200,000 sh ares, p a r v a lu e $100 e a c h . A _____ ___ . ____________ $76 0 ,0 0 0 00
The total authorized issue o f the above described First Lien
Expenses-—
Collateral Trust Bonds is $20,250,000, of which am ount there C o rp o ra tio n t a x e s _____________
$5.0 00 00
Salaries
are now outstanding S I5,750,000 issued in part paym ent T ra n sfer ______________ _______ a r ’___________ ________ _ 3,0 0 0 00
A g e n t ’s a n d R e g is tr
s fe e s -___________ 1,894 00
fo r 420,000 shares o f com m on capital stock of the Philadel ] In te re st __________________________________________________ l ,577 16
n
p o s t a g e ________ ________
889 35
phia C om pany o f the par value o f $50 each, of a total aggre ! S ta tioto e ry fa n d _____________________ ______ . ___________
D ire c r s ’ e e s
__________
315 00
gate par value of $21,000,000. being the 420,000 shares of A d v e r tis in g ____________________
66 20
j A u d ito r ’ s fe e s _________________________________
50 00
the com m on capital stock o f the Philadelphia C om pany pur
chased b y the United R ailw ays Investm ent C om pany from
T o t a l e x p e n se s _______________ _______________________________. _ .
12.791 71
depositors under a certain Plan and P roposition bearing
Net incom e for tile year_______________________ __________ _______ $747,208 29
date the 14th day o f F ebruary 1906. Certificates represent Profit and loss— Surplus at beginning o f the y ea r_______ ..
53.859 13
ing such shares of com m on stock , du ly endorsed so as to be
Profit and loss— Gross surplus______________________ . .
--$801 ,067 42
transferable on the books of the Philadelphia C om p a n y . have Profit and loss charges— Dividends on Preferred
Capital Stock—
been delivered to and deposited with The New Y ork Trust
6 1905, payable July
C om pany, Trustee, as security for the pajunent o f the prin ] Declared June $15,000,000__________ . . . 1. .1905, T w o $300,000 00
:
per Cent on
.
_______
cipal and interest o f said bonds.
Declared Dec. 7 1905, payable Jan. 2 1906, T w o and
One-half per Cent on $15,000,000___ . . . . . . . . 375,000 00
The $4,500,000 of said Collateral Trust bonds unissued are
reserved for the purpose o f acquiring shares of a new or in
T otal _ ._________________________ ___________________ __________ 675,000 00
creased issue o f $6,000,000 o f com m on stock of the Phila
Profit and loss— Surplus Decem ber 31 1905
$126,067 42
delphia C om pany, which the United R ailw ays Investm ent
C om pany m ay deem it advisable and expedient, or which U N IT E D R A IL W A Y S IN V E S T M E N T CO. OF SAN
under any of the provisions o f the Trust A greem ent, it may
FR A N C IS C O .
be obligated to acquire on the basis o f $37 50 par value, of
G E N E R A L B A LA N C E S H E E T A P R IL 9 1906.
such bonds, for each $50 par value o f such additional com m on
Assets.
stock o f the Philadelphia C om pany so acquired. Under the
Investm ents—
term s o f the Collateral Trust A greem ent, it is provided that United Railroads o f San Francisco s t o c k 20 0.000 shares p fd ., $100 par value e a ch . I
the total am ount of bonds outstanding shall n ot exceed
199.991 shares c o m ., $100 par value each f $24,799,784 00
11
) la 'O
seventy-five per cent o f the total par value o f all shares of 1 11dUt I\M . U . 8lOCa-420,000 shares c o m ., $50 par value each . 25,182,786 23
the com m on stock o f the Philadelphia C om pany that shall
have been assigned to the Trustee and deposited thereunder.
Total Investments ................................................................... ..$ 4 9 ,0 8 2 ,5 7 0 23
....................
o>8 ,o . .. 5 3
R edem ption o f Bonds. A ny or all o f the bonds outstand Cash on d eposit.
Dividend cum ulations accrued from O ct. 1 1905 to April 9
ing are su bject to redem ption at any interest period at their
1906 on P fd. Stock o f United Railroads o f San F rancisco.
118,630 13
..
150,000 00
face value and five per cent prem ium , together with all Due from United Railroads o f San Francisco
Organization and Investment expenses.
.
294,386 1 6
interest accrued and unpaid at the time fixed for such redem p
T otal assets............................. ................................. .................. $51,713,610 05
tion . All bonds so redeem ed, together with the coupons
attached, shall be canceled, and none o f them reissued. In
Liabilities.
the event the C om pany elects to redeem only a part of the Preferred Capital S tock, 150,000 shares, $100 par value each . $ 15,0 0 0 ,000 00
Common Capital S tock , 194,000 shares. S100 par value ea ch . 19,400.000 00
entire num ber of bonds issued and outstanding, the bonds Collateral Trust Sinking Fund Five per Cent. Gold Bonds.
15,750,000 00
so to be retired, redeemed and canceled shall be drawn by lot. Dividend arrears P fd. Stk. No. 8, to Sept. 30 1905, declared
March
1908
712,500 00
Sinking Fund. W ithin the year prior to the 1st day of Dividend 20 1906, and payable May 1 O ct. 1 1905 to April 9
cum ulations accrued from
May 1912, and annually on or before each successive first
...
392,465 75
1906 on C om pany’s Preferred S t o c k ...............
458,644 30
d a y of May thereafter, until the principal and interest o f all Profit and loss— Surplus_______ ____________ ________ ______
the bon ds issued and outstanding is fully paid, the C om pany
Total liabilities .
.....................$51,713,610 03
1236
THE CHRONICLE
UNITED RAILROADS OF SAN FRANCISCO.
PH I LA DELPHI A COMPA N Y .
INCOME ACCOUNT FOR THE TH REE YEARS ENDED DECEMBER
31, 1905, 1904 AND 1903.
1903.
1905.
1904.
_________ $7,060,891 94 $6,652,630 27 $6,243,218 97
Cross earnings.
$ 3 ,2 2 8 ,9 4 1 06
8 8 8 ,8 7 9 91
$3,299,738 41
376,700 00
$3,350,862 25
409,200 00
Operating expenses and taxes $3,617,820 97
$3,676,438 41
$3,760,062 25
$3,449,070 97
43,756 96
$2,976,191 86
30,670 32
$2,483,156 72
24,754 00
Total income______ __ .$3,492,827 93
Deductions from income_
_
15,959 73
$3,006,862 18
9,364 55
$2,507,910 72
12,388 09
Net income before deduct
ing fixed charges- _______ $3,476,808 20
$2,997,497 63
$2,495,522 63
Fixed charges—
interest on bonded debt-_$1,524,050 00
Sinking Funds_______
_
265,337 84
$1,524,050 00
257,052 59
§1,524,050 10
123,999 67
$1,789,387 84
$1,781,102 59
$1,648,049 77
Net income: Surplus for
year ___
. ________ ____$1,687,480 36
Deduction for renewals and
depreciation____ _________
353,344 60
$1,216,395 04
§847,472 86
249,338 74
48,272 81
Surplus _________________ $1,334,135 76
$967,056 30
§799,200 05
Operating expenses___
T a x e s-----------------------Net earnings
Other income - _
Total_______
GENERAL BALANCE SHEET DECEMBER 31 1905.
Assets.
Railroads, properties and franchises_____
_____________$70,952,118 49
Additions and betterments to property___________________
3,793,453 73
Market Street Ry. Co. Bonds in the Treasury___ __________ 1,500,000 00
Mortgage Sinking Funds invested_____________________ ___
1 365,427 31
Union Trust Company: Trust Funds_____________________
816 72
Four per Cent Sinking Fund Gold Bonds reserved—
For underlying liens assumed______________$9,866,000 00
For future betterments, acquisitions, &c__ 5,409,000 00
Total Four per Cent S. F. Gold Bds. reserved
15,275,000 00
Fund for acquirement of outstanding stocks—
Of Market Street Railway Co______i ______
$15,788 56
Of Sutter Street Railway Co_______________
15,120 00
Of Sutro Railroad Company_______________
1,040 00
Total fund for acquirement of outstanding
stocks (see contra)_____________________________________
South San Francisco R R . & Power Co. stock______________
Bond investm ents________________________________________
Materials and supplies_________________________________ . . .
Current Assets—
Cash with Treasurer_ -_____
_
§358,206 04
Change and Bail Funds___________________
1,615 00
Cash on deposit to pay interest coupons___
13,860 00
35,000 00
Notes receivable________________
Accounts receivable_______________________
101,330 23
Dividends accrued on stock of constituent
companies owned_______________________
141,447 00
Total current assets..
Payments in advance—
Insurance __________
T a x e s _______________
In te re st____________
31,948
1,350
15,569
487,971
56
00
03
18
Assets
Property and plant—
Charters, patents and franchises_________
Pipe lines, transportation and distribution.
Service connections _________
Ga;
Gas rights---------------------------------------------Gas leases
____
Rights of way___________________________
Real estate ^____________________
Building
__
Telephone lines__________________________
M eters--------------------------------------------------Regulators _____________________________
Tools--------------------------------Office furniture and fixtures__________ _.
Horses and stable equipments_____
Maude Aline coal property________________
Brunot Island power sta tion ___________
1 00
7,793,551 81
622,617 90
4 77
183,543
339,288
120,945
520,001
26,806
35,804
905,558
344,967
45,000
14,850
5,632
135,047
1,595,000
69
11
34
77
18
57
39
63
00
00
05
97
00
Total property and plant___ _________ _________ ..-$13,165,801 86
Securities held or pledged - Capital Stock shares of other companies—
Pledged under First Mort
gage ---------------------------- $7,622,216 00
Pledged under Second Mort
gage ................................. 21 ,721,164 45
In treasury---------------------- 13,904,259 61 $43,247,640 06
Bonds of other companies—
Held under First Mortgage_______________
17,000 00
Total securities held or pledged______________________ 43,264,640 06
Available current assets—
C ash----------------------------------------------------$123 ,615 07
1,754,968 25
Accounts receivable-____________________
Bills receivable—
Notes of United Traction Com
pany---------------------------------- $295,013 12
Notes of the Allegheny County
Light C o ---------------------------- 439,231 98
734,245 10
Advances made on account of
betterments to property of
The Allegheny Countv Light
Co ---------. . . . _____________ $860,000 00
United Traction Company___ 975,000 00
Consolidated Traction Co_ _ 5 5 0 , 0 0 0 00
Pittsburgh Railways Co. ___ 875,000 00
Total available current assets.
Other assets—
Materials__________________ __
_
Unexpired insurance premiums..
Prepaid interest and taxes_____
3,260,000 00
5,870,828 42
$417,521 89
9,446 68
9.715 04
436,683 61
$62,737,953 95
Liabilities.
Capital Stock—
Com m on. -------------------------------------------- $30,000,000 00
Preferred
------------------------------------------- 6,000,000 00
$12,971 88
21 ,3 4 8 85
160 00
34,480 73
98,458 61
Total assets_____________________ ___ ___________________§94,208,052 63
Liabilities.
Capital Stock—
Common___________ ______ - ________________ $20,000,000
Preferred __________________________________ 20,000,000
Total Capital S tock -_________________ _________________ $40,000,000 00
Bonded debt—
Four per Cent S. F. Gold Bonds____________ $35,275,000
Underlying bonds assumed—
Market St. Ry. Co_____________ $6,641,000
Market St. Cable Ry. Co________ 3,000,000
The Omnibus Cable Co________ 2,000,000
Powell Street Ry. Co__________
700,000
Ferr. & Cliff H’e Ry. Co_______
650,000
Park & Cliff H’e Ry. Co________
350,000
Park & Ocean RR. Co_________
250,000
Sutter Street Ry. Co__________ 1,000,000
T o t a l_________________________ _____________ 14,591,000
Total bonded debt__________________________ ___________ 49,866,000 00
Constituent Cos.: Liability to outstanding stocks of Market
Street, Sutter and Sutro Cos. (see contra)_______________
31,948 56
1,553,111 31
Reserve for Mortgage Sinking Funds_____________________
Reserve for insurance_____________________________________
200,000 00
Reserve for renewals________ T___________________________
90,091 81
Reserve for depreciation________________ __________________
209,036 90
Current liabilities—
Accounts payable_______________________ S353.334
70
P a y r o lls _____- _____________________________ 127,679 95
Unclaimed wages________________________
1,626 32
3,630
00
Employees’ deposits____________________
Employees’ Hospital Fund______________
1,454
95
Tickets sold: Unredeemed______________
3,899
30
Bond interest due and unpaid___________ 24,210
00
Bond interest due Januarv 1____________ 108,000
00
Deposit held to secure advertising contract-5,000 00
Total current liabilities________________________________Accrued, not due—
Bond interest_______________________________ $351,016 66
Sinking F u n d s______________________________
60,000 00
Miscellaneous interest_______________________
79 60
GENERAL BALANCE SHEET AS OF JULY 31 1906.
Total assets.
651,458 27
Total payments in advance
Unadjusted accounts________
[VO L . L X X X III
628,835 22
Total accrued, not due__________________________________
411.096 26
Profit and loss, surplus----------------------------------------------------- *1,217,932 57
Total liabilities-_______________ ________________________ $94,208,052 63
*The accrued dividend on the Company’s Preferred Stock at December
31 1905, amounting to $200,000, should be deducted from the profit and
loss surplus as shown above.
Note.— Tn the purchase of the several constituent railroads, the United
Railroads of San Francisco set aside in cash the sum of §96.269 66, which
is the pro rata part of the purchase money for the unacquired Capital Stock
of the constituent companies. There remained unexpended at December
31 1905 the sum of $31,948 56, as shown by the General Balance Sheet.
The United Railroads of San Francisco is nominally indebted to the con
stituent companies for the pro rata part of the purchase money accruing
to it as the holder of the acquired stock. These liabilities have not been
canceled and are as follows:
To the Market Street Railway Company----------------------------$18,600,781 44
To the Sutter Street Railway Company___________________
2,674,880 00
To the Sutro Railroad Company__________________________
230,470 00
To the San Francisco & San Mateo Electric Railway Co—
1,650,000 00
Total Capital Stock--------------------------------------------------- $36,000,000 00
Funded debt—
First Mortgage and Collateral Trust Fiftj7
Year Five per Cent Cold Bonds_______ $5,517,000 00
Consolidated Mortgage and Collateral Trust
Fifty-Year Five per Cent Gold B onds._ 15,138,000 00
Total funded debt___________________________________ 20,655,000 00
Five-Year Serial Gold Notes, Five per Cent dated April 1
1905 ----- - - a - - -------------------------------------------------- ------1,200.000 00
Collateral Gold Notes, Five per Cent due October 1 1906.
800 000 00
Current Liabilities—
Accounts payable, including unadjusted
State taxes___ ______
S394,698 81
Consumers’ advances____________________
162,759 74
Appropriation for dividend on Preferred
Stock, five months at Five Per Cent, not
due until September 1 1906___________
125,000 00
Mortgages on real estate purchased______
34,700 00
Unclaimed wages_________________
1,489 58
Accrued Interest , not due until September
1 1906, on funded debt, First Mortgage
114,937 50
B o n d s ___ - - - — i--------------------------------Accrued interest, not due until November 1
1906, on funded debt, Consolidated Alort189,225 01
gage Bonds________ _____ ______ - _____
Bills payable____________________________
1,100,000 00
Rental of leased companies_______________
5,500 00
Accrued interest, not due until October 1
1906, on Gold Notes, Five-Year Serial
and Collateral._________ _____________
23,333 33
Total current liabilities_______________________________
Profit and loss____________________________________________
2,151,643 97
1,931,309 98
Total liabilities______________________________________ S62,737,953 95
INCOME AND PROFIT AND LOSS ACCOUNT FOR FOUR MONTHS
ENDING JULY 31 1906.
$1,453,707 02
1,068,187 89
Net earnings__ — |— - - - - - - - - — v ___________ ______
Other income (dividends, S 4 0 8,095; rents, § 3 4 ,3 4 2 ; interest,
&c., $ 8 2 , 3 3 4 ) _______________________________________________
Deduct miscellaneous interest, discount, &c
Net income------- ---------------------- ------------------------------Interest on funded debt of Philadelphia Co. and Union Gas
Co. of McKeesport___________________________________
§385,519 13
524,771 69
$910,290 82
47,231 87
§863,058 95
346,190 2S
Surplus for four months ended July 31 1906_________________ §516,868 67
Premiums on bonds sold----------------------------------------------------1,912 50
Surplus April 1 1906-------------------------------------------------------- - 2,086,162 22
Total gross surplus----------------------------------------------------------§2,604.943 39
Deductions from surplus—
Dividends on Preferred Stock___ __________
$100,000 00
Dividend sou common Stock ( 1 % % paid) ._
449,996 25
Expended since April 1 1906 on uncompleted
work and to be charged to maintenance ex
penses during this fiscal year------------------123,637 18
673,633 41
Surplus July 31 1906, per balance sheet__________________ $1,931,309 98
UNITED R A IL W A Y S INVESTM ENT COMPANY.
By ERNST TH ALAI ANN, President.
The Stock List Committee recommend that the above de
scribed $15,750,000 First Lien Collateral Trust Twenty-Year
Sinking Fund 5 per cent Gold Bonds Nos. 1 to 15,750,both
T o t a l ____________________________________________________________ $ 23,156,131 44
As they do not represent an actual liability or an actual asset, these inclusive,for $1,000 each be admitted to the Regular List,
items have been omitted from b^+h sid<*Q of thD General Balance Sheet,
j Approved by the Governing Committee November 5 1906.
in order to show the true financial condition of the Company.
N ov. 17 1900.J
1237
THE CHRONICLE
THE
A M E R IC A N
COTTON
O IL
CO M PA N Y.
AN N 1' ALJREPORT FOR|THE FISCAL YEAR ENDED AUGUST 31 1906.
The Board of Directors at the regular monthly meeting
Executive Offices, 27 Beaver]Street,
hold November 8 1906 declared the Thirtieth Consecutive
A t York, November 12 1906. •
'iv
_
Semi-Annual Dividend of 3 per cent upon the Preferred Stock,
To the Stockholders of the American Cotton Oil Company:
The Directors herewith submit their Report and State payable December 1 1906.
ments of Account for the fiscal year ended August 31 1906, 1 The Directors also authorized the payment out of the re
maining net earnings of the fiscal year ended August 31 1906
being the Seventeenth Annual Report of the Company.
of a dividend of 2 per cent upon the Common Stock, payable
S H A R E C A P IT A L .
The amount of the Capital Stock, issued and outstanding, December 1 1906.
At the opening of the season covered by this report the
is unchanged, viz.: Common Stock, §20.237,100; Preferred
outlook for a large supply of cotton seed was excellent, but
Stock, §10,198,600.
as the season advanced adverse weather conditions covering
D E B E N T U R E BO N D S.
The total amount of Gold Debenture Bonds authorized a large percentage of the cotton belt prevailed, reducing the
and outstanding is $5,000,000. These Bonds mature on cotton crop as finally harvested and reported considerably
November 1 1915, and bear interest at the rate of 4 ,' • per below the production for the preceding year, which was the
>
largest on record. These conditions called for a different
cent per annum, payable quarterly.
line of action from the previous season, and despite the
A L L P R O P E R T IE S F R E E FR O M LIE N .
All the properties of the Organization are absolutely free smaller crop the business done by the Company during the
year was greater and yielded larger profits than either of the
from mortgage or other lien.
two years immediately preceding.
P R O F IT A N D LOSS.
The Company’s usual policy of fully maintaining the phys
The Profits for the year am ounted to.. - _______
. . . . . . ..S I,C IS ,530 70
D educt Debenture Bond Interest____________________________
225,000 00
ical condition of the active properties has been carried out
during the past year. Adherence to this policy is considered
Net profits_________________________________________ ________ $1,393,530 79
D educt—■
a fair equivalent for depreciation.
Dividends on Preferred S tock. 6% per annum . .$011,910 00
Since the Valuation of the properties made in 1892, the
D ividend on Common Stock, payable D ecem
ber I 1900________________________________2% 404,742 00
sum of §5,165,000 has been expended and charged to manu
--------------— 1,010,058 00 facturing expense for repairs and improvements; and §3,Balance carried to General Profit and Loss A cco u n t_____ _
_ $370,878 79 608,000 have been expended for productive permanent im
provements and added to the assets.
P E R M A N E N T IN V E ST M E N T ACCOUNT.
All of the properties and stocks of merchandise are fully
This account has been debited with the sum of §202,793 28
expended for additions to the properties, representing Real covered by insurance; and collections, where losses have
Estate, Cotton Ginneries, Seed Houses and Scales, Fertilizer occurred, have been satisfactorily made in every instance.
The report shows that there were no bills payable at close
Mixing Plants,- etc.; and liability has been taken for §250.999 33 authorized for 150 additional Tank Cars, Waterfront of the year and that there was over one million and a half of
Improvements at the Factory in Guttenburg, N. J., and cash in banks. This very satisfactory condition is in part
Factory Equipment now under contract; in all §453,792 61. brought about by the fact that sales and deliveries have been
The account has been credited with sales of Real Estate, heavy at a period earlier than usual.
The usual provision has been made for bad or doubtful
Buildings, old Machinery, etc., amounting to §213,328 93.
The net result is an increase to Permanent Investment debts. The Bills and Accounts Receivable at the close of
the fiscal year are all good and collectible. The loss from
Account of §240,463 68.
bad debts for the fiscal year is one-ninth of one per cent.
R E P A IR S AN D M A IN T E N A N C E OF P R O P E R T IE S .
The established and conservative practice of taking stock
The properties have been maintained during the past year
by the expenditure of §425,990 25, which has been charged at cost when it is below the market price, and at market
value when the cost is above such quotations, has been fol
to Operating Expenses for the same period.
lowed in making up the inventory at the end of the year.
W O R K IN G C A P IT A L .
The Net Working Capital of the Company on August 31 The stocks of merchandise carried over at the end of the fiscal
1906 was §6,095,267 55, of which §1,506,390 71 was Cash in I year (August 31) have realized a profit.
Banks, and §4,588,876 84 was Bills and Accounts Receivable, ! The recent visit of the Secretary of State to South America
Marketable Products, Raw Materials and Supplies, after has strengthened the ties that unite the Central and South
American Republics with the United States. Better finan
deducting Current Liabilities.
cial facilities, extended credit and improved means of com
C A P IT A L , L IA B IL IT IE S AN D ASSE TS, AU G U ST 31 1906.
Capital—
munication with these countries are greatly needed, and when
Common S tock ________________ ______________ $20,237,100 00
provided will cement the friendships and encourage the
Preferred S tock__________ ____________________ 10,198,600 00
interchange of business. These countries are large consumers
Total Share Capital_______________
..$ 3 0,4 3 5 ,7 00 00
of this Company’s products.
Debenture B on ds------------------------------------------- 5,000,000 00
Current Liabilities
----------------------- $35,435,700 00
—
Bills Payable_________________________________
None
Commercial accou nts________________________ $1,103,095 37
Interest accrued upon Debenture Bonds one
month to August 31_______________
18,750 00
Preferred
Stock
Semi-Annual
D ividend
No. 30, payable Decem ber 1 1906____ _ ..
305,958 00
Common Stock D ividend, payable Decem
ber 1 1900_________________________________
404,742 00—-1 ,832,545 37
T o ta l.
________________ _____ _______________ __________ ..$37,268,245 37
Assets—
Real Estate. Building's, Machinery, etc , ba-ed on the valu
ation August 31 1892 with subsequent additions_ ____ .$13,175,673 53
_
Cash in Banks_______________________________ $1,506,390 71
Bills and Accounts R e ce iv a b le ................. .....
3,016.927 15
Marketable Products, Raw Materials and Sup
plies on hand available In the business____ 3,404,495 06—
Quick A s s e t s . . . __________________________________________
7,927,812 92
$21,103,486 45
Balance, representing good-w ill, contracts, leases, trade
marks. patents, processes, brands and kindred assets of
an established business___________________________________ 16,104,758 92
T o t a l . . ____________ _______________________________________ $37,268,2 15 37
G E N E R A L P R O F IT AND LOSS ACCOUNT OF A L L T H E
P R O P E R T IE S , AU G U ST 31 1906.
Balance of General Profit and Loss Account August 31 1905.
Cr.
as per Sixteen!h Annual Report
_
_
. $7,176,903 65
Difference resulting from sale of Inactive p r o p e rtie s ................
123,071 55
$7,053,232 10
Profits of the Manufacturing and Commercial
business o f this Com pany and of the Corpora
tions in which It Is interested, for the year
ended August 31 1906. after charging off all
expenses of Manufacturing and Operation. R e
pairs o f Buildings and Machinery, Had and
Doubtful D ebts, Expenses of Adm inistra
tion, e t c . . ______
____ ___________ ___
$1,618,530 79
Deduct—
Interest on Debenture Bonds
$225,000 00
Semi-Annual Dividends on Pre
ferred Stock:
Paid June 1 19 0 6..
. 3% 305.958 00
Payable Dec. 1 1906.
3% 305.958 00
D ividend on Common Stock:
Payable Dec. 1 19 0 6.. ___ 2 % 404.742 00
------------- ---- 1 .241.658 00
Balance to Credit.
_ _. . . . _____
_
376,878 79
Balance o f General Profit and Loss A ccount August 31 1906
invested as per Statement of Capital, Liabilities and
Assets fPage 10)
............................. ...............
......
$7,430,110 89
T h e y e a r ju s t c lo sed h as b een o n e o f th e m o s t g r a t ify in g
a n d su cc essfu l in th e sales o f sp e c ia ltie s a n d le a d in g p r o
p r ie ta r y g o o d s .
The pure food laws passed by the last Congress are in
accord with the long established policy of the Company,
upon which our great business has been built up, namely,
the selling of pure goods, honestly labeled and described,
and each the best of its class. We believe that the inspection
stamp of the United States Government, certifying to the
purity of edible products, will tend to increase their sale in
the markets of the world and prove a valuable asset to all
those who can take advantage of it.
Last spring one hundred and fifty additional tank cars of
, eight thousand gallons capacity each and of all-steel construc
tion were contracted for, and will all be delivered before
i
November 30.
The policy of replacing old tank cars with others of larger
I capacity and up-to-date construction has been continued,
and at the same time the total number of cars in service is
being increased, as the growing demands of business require.
That the cotton crop which is now being gathered will be
larger than that of last year may be safely stated, but the
picking season has not yet progressed to a point which per
mits the making of accurate estimates, nor is the crop wholly
j free from the possibility of change by reason of weather
conditions.
The business of the Company since September 1, when the
new fiscal year commenced, has been satisfactory.
With our improved and increased facilities for handling
business, and with a continuance of general prosperity, the
outlook is encouraging, and we await the developments of
the future with confidence.
It is with pleasure that the Board of Directors expresses
its appreciation of the loyalty and efficiency that has char
acterized the services of the official stafT and employees
during the year.
For the Board of Directors,
j
GEORGE A. MORRISON,
C h a ir m a n .
1238
3 P x o m m « ra a l
z®
THE CHRONICLE.
BXXXUI
COTTON
Friday Night, November
COMMERCIAL EPITOM E.
Friday Night, Nov.
16
1906.
B u sin ess in th is c o u n tr y is still v e r y a c t iv e , a lth o u g h h a m
pered in a m e a su r e b y th e la c k of su ffic ie n t ra ilro a d cars a n d
in so m e se c tio n s b y a s c a r c ity o f sk illed la b o r , p a r tic u la rly
in s o m e o f th e m a n u fa c tu r in g c e n tr e s,
in f a c t , tr a n sa c tio n s
are so large t h a t t h e y t a x a t on ce th e tr a n s p o r ta tio n fa c ili
tie s , th e s u p p ly o f la b o r a n d th e s u p p ly o f m o n e y in th is
c o u n tr y , c o n d itio n s n o t o fte n w itn e sse d a t o n e a n d th e sa m e
t im e .
P rices h a v e r e c e n tly on th e w h o le a d v a n c e d .
Specu
la tio n is s till c o m p a r a tiv e ly q u ie t.
L A R D on th e s p o t h as a d v a n c e d , o w in g to a rise in fu
tu re s a t th e W e s t , lig h t rece ip ts o f liv e h o g s a n d v e r y lig h t
o ffe rin g s.
T r a d e h a s b een d u ll a t th e a d v a n c e .
C ity is
q u o te d a t 9 .7 5 c . a n d W e s te r n a t 1 0 c .
R efin ed lard h as b een
q u ie t b u t firm .
R e fin e d C o n tin e n t 1 0 c ., S o u th A m e r ic a n
1 0 .7 5 c . a n d B ra zil in kegs 1 1 .7 5 c .
Lard fu tu r e s a t th e W e s t
a d v a n c e d w ith tr a d in g a c tiv e .
P rin cip a l fa c to r s in th e rise
lig h t r ece ip ts o f liv e h o g s, m a n ip u la tio n b y le a d in g b u lls ,
b u y in g on c o m m is s io n , lig h t offerin gs a n d c o v e rin g o f sh o r ts.
D A IL Y
C L O S IN G P R IC E S OF L A R D F U T U R E S IN C H IC A G O .
•
S a l.
M on.
T u es.
W e d : T h u r s.
F ri.
D ecem b er d e liv e r y _____ 8.67>£
8 .5 7 M
8 .6 2 H
8-80
8.9 5
8.85
January d e liv e r y _____ .8 .4 5
8.37J3
8.40
8.55
8.7 0
8.60
M ay d e liv e r y ___________8.40
8.35
8.373^ 8.50
8 .5 7 H
8 .5 2 H
P O R K o n th e s p o t h as b e e n fa ir ly a c tiv e w ith s o m e irreg u
la r ity in prices a t tim e s ; e x p o r te r s h a v e b e e n fa ir b u y e r s .
M ess $ 1 8 @ $ 1 8 7 5 , clear $ 1 7 @ $ 1 9 2 5 a n d fa m i ly $ 1 8 5 0 @
$18 75.
C u t m e a ts h a v e ru led s te a d y w ith tr a d e fa ir ly
a c tiv e a n d offerin gs lig h t; p ic k le d sh o u ld ers 8 c ., p ick le d
h a m s 1 2 @ 1 2 ^ c . a n d p ick led b e llie s, 1 4 @ 1 0 l b s ., 1 0 3 t£ @
11 M e .
B e e f h a s b e e n in fa ir jo b b in g d e m a n d w ith q u o ta
tio n s s t e a d y ; m e ss $ 9 2 5 @ $ 1 0 , p a c k e t $ 1 0 5 0 @ $ 1 1 a n d f a m
ily $ 1 2 5 0 @ $ 1 3 .
T a llo w h as b e e n less a c tiv e a n d easier;
C ity 6 3 ^ c . S tea rin es h a v e a d v a n c e d , o w in g to lig h t s u p p lie s
a n d offerin gs a n d b u y in g b y c o m p o u n d refin ers; o leo 1 2 c .
a n d lard 11 % c .
B u t t e r fa ir ly a c tiv e a n d firm er; c r e a m e r y ,
ex tra s, 2 7 @ 2 7 J ^ c .
C heese s te a d y w ith a fair d e m a n d ; S ta te
fa c to r y l'S ^ c. E g g s h a v e a d v a n c e d , W e s t e r n , fir sts, 3 2 @ 3 3 c .
O I L . — C o tto n -s e e d h as d e c lin e d , o w in g to a lessen ed d e
m a n d a n d larg er o ffe rin gs; p r im e s u m m e r y e llo w 4 0 c .
L in
seed h as a d v a n c e d fo r d o m e s t ic , o w in g to a stro n g e r m a r k e t
fo r s e e d , lig h t o fferin gs a n d a c o n tin u e d a c tiv e d e m a n d ; city^,
r a w , A m e r ic a n s e e d , 4 1 @ 4 2 c . ; b o ile d , 4 2 @ 4 3 c . ; C a lc u tta ,
raw , 6 8 c .
L a r d h as b een a c tiv e a t h ig h er q u o ta tio n s ; o f
ferin gs h a v e b een larg er b u t h a v e been re a d ily a b s o r b e d ,
so b risk h as b e e n th e d e m a n d ; p r im e 7 8 @ 8 0 c .
O liv e h as
b e e n s t e a d y a n d fa irly a c tiv e ; y e llo w 6 4 @ 6 5 c . , green 5 8 @
60c.
C o c o a n u t h a s ru le d str o n g a n d in a c tiv e r e q u e st, w ith
a c tu a l sales lig h t, o w in g to th e sc a r c ity o f su p p lie s; C ochin
9 M C- an d C ey lo n 9 @ 9 }^ c.
P e a n u t h as b e e n cpiiet an d
s t e a d y ; y e llo w 5 0 @ 6 0 c . , w h ite 5 5 @ 6 5 c .
C od fa ir ly a c tiv e
and
ste a d y ;
d o m e stic 3 6 @ 3 7 c . , N e w fo u n d la n d 3 8 0 4 0 c .
C O F F E E on th e s p o t h as b een d u ll a n d easier.
R io N o . 7 ,
7 3 ^ c .; S a n to s N o . 4 , 8 ^ g c .
W e s t I n d ia g r o w th s h a v e b een
d u ll a n d easier; fa ir to g o o d C u c u ta 8 % @ 9 ^ c .
The m arket
fo r fu tu re c o n tr a c ts h as b een d u ll a n d h e a v y , th o u g h n o i m
p o r ta n t ch a n g es in prices h a v e o c c u r r e d , o w in g to th e n a r
row n ess o f th e s p e c u la tio n as w e ll as th e fa c t t h a t lea d in g
in te re sts h a v e g iv e n s u p p o r t a t tim e s , o ffse ttin g th e effects
o f D e c e m b e r liq u id a tio n .
T h e clo sin g prices w ere as fo llo w s:
N o v e m b e r ______ 5.9 5e. |M a r c h ___________ 6.25c.
D e c e m b e r _______6 .one. I A p r i l ______________ 6.3 5c.
J a n u a ry -------------- 6 .0 5 c. |May ____________ 6.4 5c.
F e b r u a r y ________ 6.1 5c. IJ u n e _______________6.5 5c.
[V ou
Ju ly ____________
A u g u s t _________
S e p t e m b e r _____
O c to b e r _________
6.6 0c.
6.70c.
6.8 0c.
6 .8 5 c.
16 1 9 0 6
T H E M O V E M E N T O F T H E C R O P as in d ic a te d b y o u r
t e le g r a m s fr o m th e S o u th t o -n i g h t is g iv e n b e lo w .
For
th e w e ek e n d in g th is e v e n in g th e to t a l rece ip ts h a v e reach ed
4 1 6 ,4 7 3 b a le s , a g a in st 4 1 4 ,0 1 0 b a le s la st w e e k an d 4 7 4 ,7 7 1
b a le s th e p r e v io u s w e e k , m a k in g th e to t a l rece ip ts since
th e 1 st o f S e p te m b e r 1 9 0 6 3 , 4 6 3 , / 3 6 b a le s , a g a in s t 3 ,3 2 8 , 5 4 8
b a les fo r th e sa m e p eriod o f 1 9 0 5 , sh o w in g an in crease
sin ce S e p t. 1 1 9 0 6 o f 1 3 5 ,1 8 8 b a le s.
M on.
T ues.
W ed .
G a lv eston _ .
P o rt A r t h u r ____
C orpus C hrlsti,& c
N ew O rlean s____
M obile
P en sa cola . . . .
Ja ck son v ille, ice.
S avan nah _____
B ru n sw ick . _.
C harleston _
20,836
7,981
31,058
39,046
20,344
24 ,395
16,141
4,812
18,044
2.124
21 ,54 1 21,025
1,249
3,538
17,956
1,202
10,068
265
10,969
11,343
8,912
8,002
1,180
1,093
1 ,302
953
W ilm in g ton . . . .
N o r f o lk _________
N e w p ort N ews, &c
N ew Y o r k . . . .
B oston .
B altim ore
P h ila d elp h ia ___
1,926
4,474
1,248
6,724
735
14
2.014
4,035
2,273
5 ,678
2,476
2,603
236
66
09
166
31
57
T o ta ls this w e e k .
67,654
R e c e i p ts a t —
S a t.
_
_
....
—
....
100
31
82,297
60,974
F ri.
—
___
125
9,345
18,297
1 ,625
390
59,239
18,297
6 ,948
14
10,837
28,269
1 ,348
1 ,308
408
2.417
465
900
4,755
1 ,348
850
251
2 „417
334
—
58,300
T o ta l.
18,821 154,500
—
7,981
2,089
2,089
1 1,925 106,632
2,406 15,381
56
----
71,760
T h u rs.
75,488 416,473
T h e fo llo w in g sh o w s th e w e e k ’s t o t a l r e c e ip ts , th e t o t a l
since S e p t. 1 1 9 0 6 , a n d th e s to c k s t o -n i g h t , c o m p a r e d w ith
la st y e a r :
1906.
R e c e i p ts to
N o v . 16.
T h is
w eek .
S to c k .
1905.
S in c e S ep .
T h is
w eek .
1 1906.
S in c e S e p
1 1905.
154,500 1,418,967 112.817 1,168,080
30,083 10,198
26,315
7 ,981
12,741
11,654| 2,142
C orpus Christ!, &c.
2,089
447,317
659,226: 99,586
N ew O rlean s___ 106.632
114,278
M obile
___ .. 15,331
93.190: 12.128
44,682
3 2 ,4 2 6 : 6,400
4,388
390
1 ,2 5 8 1
939
800,458
Savannah
59,239
682 ^990 74,592
51 ,943
B ru n sw ick _
18,297
58,587
6,328
116,249
C harleston
6,948
80,699
6.735
351
G eorg etow n . _
46S|
212
14
202,845
W ilm in g ton ____
10.837
183,019; 12.597
312.266
28.269
196.676 38,8.30
N orfolk
3.787
1 .348
4.2 77'
1,482
N ew p ’t N ew s, & c.
532
.1,308;
____
N ew Y o rk
1 .308
10,349
603,
3.106
B oston _ ___ . _
408
10,603
6,990
2.948
B altim ore
2,417
1,364
1.315:
190
465
P h ila d e lp h ia ____
G alveston
1906. -
1905.
384,579
267,839
249,160
53,936
238.843
52 ,756
140,978
16,018
21,686
___.__
19.178
43,621
332
96.749
2.175
10,550
6,724
199,562
10.186
54.782
_ _ ^ ..
38 .770
72.240
23 1.724
3,826
8,276
2,463
T o t a l . . ________ 4 1 6 ,4 7 3 !3,463,736 391,230 3,3 28,5 48 1,0 45,6 86 1,181,503
1
In ord er t h a t c o m p a riso n m a y b e m a d e w ith o th e r y e a r s ,
w e g iv e b e lo w th e t o t a ls a t le a d in g p o r ts fo r s ix s e a so n s:
1902.
1901.
R e c e i p ts a t —
1906.
1905.
1904.
1903.
G a lv e s to n . &c.
N ew O rlean sM obile
S avan n ah ___
C h a rleston .& c
W ilm in g ’n ,& e
N o r f o l k ____ _
N ’port. N . , &c.
A ll oth ers____
164,570
106,632
15,331
59,239
6,982
10,837
2S.269
1,348
23.285
125,157
99,586
12,128
74,592
6,947
12,597
38.830
1.482
19,911
113,026
113,645
14.449
66.248
8,899
17.362
29,709
127
21,329
170,604
122,169
11,382
56,123
8,555
15,970
22 .199
198
20,863
93,518
97,822
11,232
59,191
5,819
12,282
21,556
2.684
15,764
69 ,S53
100,011
6,249
54.297
13,103
16.084
15,858
1 ,329
46 .275
T o ta l this w k .
416,473
391,230
384.794
428,063
3 1 9 .S68
323,059
S ince S ep t. 1_ 3,4 63,7 36 3,328,548 3.840.369 3,2 69.5 07 3.236,978 3,065.609
T h e e x p o r ts fo r th e w e ek e n d in g th is e v e n in g reach a
t o t a l o f 3 5 7 ,5 5 4 b a le s , o f w h ic h 1 6 0 ,3 1 3 w ere to G rea t B r ita in ,
•28,726. to F ra n c e a n d 1 6 8 ,5 1 5 to th e r e st o f th e C o n tin e n t.
B e lo w are th e e x p o r ts fo r th e w e e k a n d since S e p t. 1 1 9 0 6 :
■
vF
O
-1
iR
CO
O
CO
GO
00 1
F-i!
o
tu i
o 1
io
S U G A R . — R a w h as b e e n d u ll a n d s t e a d y ; c e n tr ifu g a l,
W eek ending N ov. 16 1906. F rom Sept. 1 1906 to N ov. 16 1906.
E xported to—
E xported to—
9 6 -d e g r e e s t e s t , 3 1 3 -1 6 c .; m u s c o v a d o , 8 9 -d e g r e e s t e s t ,
E xports
3 5 - 1 6 c ., a n d m o la s s e s , 8 9 -d e g r e e s t e s t , 3 l - 1 6 c .
R efin ed
Conti
Conti
Great :
Great
from,—
Total. B ritain. F ra n ce . nent.
Britain .\Fr’nce. nent.
Total.
h a s b e e n q u ie t a n d s t e a d y a t 4 . 6 0 @ 4 . 7 0 c .
B uyers have
ta k e n o n ly e n o u g h to m e e t im m e d ia te r e q u ire m e n ts a n d w ith G alveston ----- 71,536 11,153 5S.330 141,019 509,9S7 135,922 289.938 935,S47
____
26.821
29.183
2.362
d ra w a ls on o ld c o n tr a c ts h a v e a lso b een lig h t.
T e a s h a v e Port Arthur__
7.981 7.9S1
____
_____
_ _____ - ______
1,238
1.238
b e e n in g o o d d e m a n d a n d firm .
S p ices h a v e b e e n s te a d y a n d Co rp.Chrlsti.<fce
46,872 ____ 12.944 59,816 16S.033 87.3-15 143.879 399.257
New Orleans.
fa ir ly a c t iv e .
H o p s h a v e b e e n q u ie t a n d s t e a d y .
8.347 S.347
9.252 7,746
9,393
26.391
Mobile
___
14.507
37,226
16.919
5.S00
T O B A C C O .-— T h e d e m a n d fo r d o m e stic le a f h as fa lle n off P en sa cola___
______
____ _____
_____
______
Fernandina_
_
o f la te b u t q u o ta tio n s co n tin u e firm in th e m a in .
T h is is Savannah ------ 9.429 6.947 47.834 64.210
75,823 24.162 254,817 354.802
30.754
7.S14
3S.568
tr a c e a b le to th e fa c t t h a t a v a ila b le su p p lie s h a v e b e e n re Brunswick___ 14,648 ____ _____ 14.648
____ _____
_____
_ ■
_ ___ _____
7.714
7.714
Charleston-----d u ce d to s m a ll q u a n titie s , so t h a t th e lessen ed d e m a n d h as W ilmington—
6.000 22,477 28.477
62.662 6,000
94.265 162.927
____ _____
4.655
2.367
2,288
___
n o t b een reflected in p ric es.
A re ce n t sale o f m o d e r a te p r o Norfolk
____
1,717
1.69S
1.717 _____
1,698 ____
p o rtio n s w a s m a d e a t L o u isv ille a t an a d v a n c e o f 7 5 cen ts Newport News 3.S51 3.533 6.55S 13,932
68.009 159.550
79,940 11.601
New York —
36.342
149 7,696
2.675
39.017
per 10 0 lb s . c o m p a re d w ith price a t th is tim e la s t se a so n .
52.434
1.303
21.120
1.103
350
1.453
30,011
P E T R O L E U M h as ru led fir m , w ith tra d e a c tiv e . R e fin e d , Baltimore ___
_____
4.732
164
16,493
Philadelphia . _ 4.732
16,329 fijpap l
b a r r e ls , 7 . 5 0 c . ; b u lk 4 .4 0 c . a n d cases 1 0 c .
N a p h t h a has Portland, M e .. _____
___ ______ ______
____
_
_ ___
_____
500
17.089
17.0S9
500
San Francisco.
b een a c tiv e a n d firm ; 7 3 to 7 6 degrees 1 8 c . in 1 0 0 -g a llo n
3,045 3,045
10.18S
10,SIS
Seattle
d ru m s.
G a so lin e h as c o n tin u e d in a c tiv e d e m a n d w ith q u o T a com a ______ _____ ____
_____
2,994
2,994
_____
___ ______
ta tio n s firm ; 8 9 degrees in 1 0 0 -g a llo n d ru m s 2 1 c .
S p irits Portland, Ore. _____
_ _ _ _____
_
sssL
_____ __
w_____
P em b in a _____
o f tu rp e n tin e h as a d v a n c e d to T I D j c ., o w in g to an in creased D etroit______ —
450
450 —
..... —
d e m a n d a n d lig h te r o ffe rin g s.
R o s in h as been in fair d e
Total . .
- - 160,313 28,726 16S,515;357,554 1.042,948 279,879 975,543 2,298,370
m a n d a n d firm er; c o m m o n to g o o d stra in e d $ 4 2 5 ,
2,008,380
833,644300,596
C O P P E R h as ru led s te a d y w ith tr a d e in a c tiv e ; la k e 2 2 J ^ @ . Total 1905------ 78.S83 54,585
2 2 J ^ c ., e le c tr o ly tic 2 2 ( g ) ,2 2 L (c .
L e a d has b een q u ie t an d
easier a t 5 . 8 5 @ 5 . 9 0 c .
S p elter h as b een in fa ir d e m a n d and
In a d d itio n to a b o v e e x p o r ts , o u r te le g ra m s t o -n i g h t a lso
firm a t 6 . 3 5 @ 6 . 4 0 e .
T in h as b een q u ie t b u t firm a t 4 2 % c . g iv e u s th e fo llo w in g a m o u n ts o f c o tto n o n s h ip b o a r d , n o t
W e a d d sim ila r figures fo r
fo r S tr a its .
Ir o n h a s b een a c tiv e a n d s tr o n g ; N o . 1 N o r th . c le a re d , a t th e p o rts n a m e d .
ern $ 2 3 5 0 @ $ 2 7 5 0 , N o . 2 S o u th ern $ 2 2 5 0 @ $ 2 7 .
' N ew Y o rk .
O n S h ip b o a r d , X o t C le a r e d fo r
G rea t
B r ita in . F r a n c e .
G er
m any.
,
T o ta l.
L e a v in g
s to c k .
27,000
197,136
215,499
130,230
19.186
36,051
12,369
85,540
27,977
51,141 47,148 32 1,689
27,788 72,184! 288.502
50.013 20,348 255,603
723,997
897.91 1
670,531
___
5,666
3,0 0 0
567 52,024
7.329 160,080
2.000 10.748
,5001 2,500
4,500 17.885
30,252 31.252
....
1 1 ,2 0 0
Speculation in cotton for future delivery, while it lias not
been at all active, has been noteworthy for a sharp advance
in prices, largely due to an active demand for spot cotton
both at home and abroad. Planters have been offering less
freely , the weather has been unfavorable for moving the crop,
and a shortage of cars in not a few sections of the South has
also tended to reduce the receipts and strengthen prices.
The crop movement shows quite a marked falling off com
pared with recent weeks, although it has not been small by
any means. American and European mills have been buy
ing freely at the South and have experienced no little diffi
culty in obtaining supplies of the higher grades, such as ap
pear to be urgently needed, both for the home and the
foreign trade. The strength of spot prices has been so dis
tinctly the leading feature of the week that futures have
everywhere followed, especially as there has been quite a
sharp demand at times to cover shorts and liberal buying
by spot interests which find it difficult to obtain supplies at
the South. Furthermore, the outside public has bought
somewhat more freely. Factors complain that it is far from
easy to make good their contracts with mills and exporters,
and high premiums, it is said, are being paid at the South
for the finer qualities. Then, again, the Revision Committee
of the New York Cotton Exchange will meet on November 21,
and the understanding in the trade is that the differences
will be revised in such a manner as to make them conform
to the actual value in the market of the several grades,
whereas heretofore it is complained that lower grades re
ceived on contracts could only be disposed of at a loss.
Finally the next ginners’ report to be issued on Nov. 21,
giving the quantity ginned up to N ov. 14, is, with or without
reason, expected to be bullish, and this has not been without
its influence. Of late, moreover, the near months have
shown exceptional strength, resulting in a narrowing of the
differences between the months in favor of near deliveries,
and talk has been heard of the possibility of a squeeze inthe
November option,which may or may not be without founda
tion, though it is true that November within the last two
days has been especiallj' strong. A considerable quantity
of cotton, however, is said to be on the way to New York
for delivery on November contracts under the old differ
ences, which cannot be changed until next Wednesday.
To-day there was a further advance, again due chiefly to
the strong spot situation. Large spot interests are supposed
to have been covering their hedges of late, W all Street and
the South have been buying, and there is for the moment
less disposition to accept very large crop estimates. There
was considerable realizing of profits to-day , however, as the
advance during the week has reached about 85 points, and
a reaction is regarded as probable. Spot cotton has been
inactive but stronger. Middling upland has advanced
within a week 90 points, closing at 11c.
The rates on and off middling, as established Nov. 18 1903
and reaffirmed Nov. 15 1905 by the Revision Committee,
at which grades other than middling m ay be delivered on
contract, are as follows:
Co
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R a n g e
C lo s in g
16.744
17,649
8,748
C o a s tw is e .
R a n g e
C lo s in g
5,560 18.054 11,099
New Orleans
80,897 25,017 88,188
Galveston
S
nail
Charleston .
6.900 6.485
Mobile______
Norfolk . - . . 1 ,0 0 0
1 ,2 0 0
-1.000
i ,66 6
New York
2 ,0 0 0
12,000
Other ports .. 1 0 ,0 0 0
. _ ..
Total 1906 108.357 52,556 62,487
Total 1905.. 8 7.529 43,727 52,41-1
Total 1904.. 74.461 33,585 77.196
O th er
F o r d tin
M a rch —
16 a t —
FUTURES.—The highest, lowest and closing prices at
New York the past week have been as follows:
F eb .—
N ov.
1239
THE CHRONICLE.
]S
rOV. IT 1 9 0 0 .J
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T H E V IS IB L E SU P P L Y OF COTTON to-night, as made
up by cable and telegraph, is as follows. Foreign stocks, as
well as the afloat, are this week’s returns, and consequently
all foreign figures are brought down to Thursday evening.
But to make the total the complete figures for to-night
(Friday), we add the item of exports from the United States,
including in it the exports of Friday only.
N ovem b er
16—
1906.
1905.
1904.
1903.
339,000 685,000 452,000 288.000
21 ,000
14,000
14,000
17,000
17,000
27,000
27,000
36,000
380,000 742,000 483,000 332,000
T o ta l G reat B rita in s t o c k ___
S t o c k a t H a m b u r g _____________
13,000
24,000
26,000
12,000
89,000 258.000 204,000 118,000
S to ck at B r e m e n _______________
4 ,000
S to ck a t A n t w e r p _____________
4.000
98,000 115,000 116,000
S to ck at H a v r e _________________
61,000
3,000
3,000
S to ck a t M a rseilles_____________
4,000
2,000
10,000
4,000
S tock at B a r c e lo n a ____________
5,000
26,000
36,000
27.000
S to ck at G e n o a _________________
53,000
17,000
i ,0 0 0
2,000
6,000
4,000
S to ck at T r i e s t e ________________
225,000 394,000 402,000 324 ,000
T o ta l C on tin en ta l s t o c k s ____
T o ta l E u rop ea n s t o c k s _______
605 ,000 1,136,000 885,000 656,000
78,000
77,000
14,000
11,000
In d ia c o t to n a floa t for E u r o p e .
677.000 776,000 831 .000
A m erica n c o t to n a flo a t fo r E u rop e: 955,948
61,000
66,000
70,000
3 58,000
E gy p t,B ra z il, &c, a ilo a t fo r E u ro p e
S tock in A le x a n d ria , E g y p t .
165,000 127,000 139,000 136,000
S tock in B o m b a y , I n d i a ____
325,000 367,000 187,000 132,000
1.045.686 1.181,503 932,134 876,033
F air .....................c . 1.30 o n | S trict low m i d . . c . 0.14 off; Middling tinged.c. 0.12 oft S to ck in U . S. p o r ts _________
S tock in U . S. In terior t o w n s ____
526,022 599,684 675,982 451 ,899
Strict mid. fair— 1.13 on Fully low mid___ 0.26 off Strict low mid. ting 0.34 off
69,230
40,070
25,869
74,100
Middling fair____ 0.96 on Low middling___ 0.38 off1Low mid. tinged. _ 0.50 off U . S. e x p o rts t o - d a y ________
Bareiy mid. fair.. 0.79 on Barely low mid__ 0.55 offJStrict g'd ord. ting 0.S4 off
T o ta l v isib le s u p p ly ____ ______ 3 ,8 2 7 ,8 8 6 4,275,257 3,695,985 3.234.032
Strict good mid__0.62 on Strict good ord___ 0.82 off Fully mid. stained 0.42 oft
m and other descriptions are as follows:
O f th e a b o v e , total's o f A m
Fully good mid. . 0.53 on Fuiiy good ord__ 0.86 off Middling stained.. 0.50 off
A m erican—
Good middling— 0.44 on Good ordinary___ 1.00 ofl :Barely mid. stained 0.73 off
219,000
Barely good mid.. 0.33 on Strict g'd mid. tgd. 0.30 on Strict low m. stain 1.06 off L iv e rp o o l s t o c k ____________ b a le s . . 262,000 601,000 405.000
22,000
33,000
15.000
23,000
Strict middling... 0.22 onJjGood mid. tinged.
Evenj Fully L m. stained 1.28 off M an chester s t o c k _______________
186,000 365,000 334,000 269 ,000
C on tin en ta l s t o c k _______________
Middling--------Basis Strict mid. tinged. 0.06 oft; Low mid. stained. 1.50 off
A m erica n a flo a t fo r E u r o p e .. .
955,948 677 .000 776,000 831,000
On this basis the official prices for a few of the grades for U . S. p ort s t o c k s ________________ 1,045,686 1,181,503 932,134 876.033
526,022 599,684 675,982 451 .899
U . S. Interior s t o c k s _______________ 5 2 6 ,0 2 2
the past week would be as follows:
25,869
74,100
40,070
U . S. e x p o rts t o - d a y _______________
69,230
69,230
2,744,032
T o ta l A m e r i c a n ____________
3,066,886 3,497,257 3,163,985
UPLANDS.
Sat.
Mon.
Wed. Thurs. Fri.
T ues.
East In d ia n , B ra zil, A c .—
47,000
69 ,000
77,000
84 ,000
L iv erp ool s t o c k _________ . . .
Good Ordinarv__________
0.70
9.90 ; 1 0 . 0 0 L o n d o n s t o c k _________________
9.10
9.30
9.40
21,000
14,000
17,000
14.000
Low Middling____ .
9.72
1 0 .0 2 ! 10.32 1 10.52 ; 10.62 M a n ch ester s t o c k _____________
9.92
2.000
4,000
5 ,000
3 ,000
M iddling... _
10.40
J0.70
10 .00
1 ! .0 0
10 .10
10.30
29,000
68,000
55,000
tin en ta l
k
39,000
Good Middling________
11.14 1 11.34
11.44 C onia a lloa t s t o cE _____________
10.54 10.74 10.84
14,000
11,000
In d
for
u r o p e ______
78,000
77,000
Middling Fair___________ 11.06 : 11.26 11.36 1 1 .6 6 i 1 1 .8 6
11.96 E g y p t. B ra zil, & c ., a flo a t ____
61 .000
70,000
66,000
58,000
S tock in A le x a n d ria , E g y p t165,000 127,000 139 ,000 136,000
GULF.
S to ck In B o m b a y , I n d ia _____
325,000 307,000 187,000 132,000
Good Ordinary___ . .
9.35
10.25
9.5^
9.05 ! 10.15
9.65
Low Middling__
10.87
10.77
9,97 10.17
10.27
10.57
T o ta l E ast In d ia , &c _ .
761,000 778,000 532,000 >•190.000
Middling_____________ . 10.35
11.15
11.25
10.95
10.55
10.65
T o ta l A m e r i c a n ..........
3,066,886 3,497,257 3,103,985 * ,744 ,032
Good Middling.
11.69
10.79 10.99 11.09 J 1.39 | 11.59
Middling Fair___________ I 11.31
12.21
11.91 j 12.11
11.51
11.61
4,275,257 3,695,985 3,234.032
5.34(1.
6.02d.
5,93d.
3.85d.
Middling i'pland. Liverpool.
STAINED.
11,30c.
10,00c.
11 ,00c.
11.15C.
Low Middling.......... ......
8.80 ; 8.90
9.50 Middling Upland. New York
8.60
9.20 : 9.40
8 '( d. 8 15-1 O
d.
Egypt. Good Brown, Liverpool. 0 15-1 (Id. 8 9-1 6d.
Middling............ ...........1 0.60
10.40 10.50
1 0 .2 0
9.80
9.90
8.70d.
10.65(1.
9.25d.
ii.ood.
Strict Low Mhl. Tinged__
10.56 1 0 .6 6 Peruvian, Rough Good. Liverpool 5 13-16rl.
0.76
9.96 10.06 10.36
5 >,d. 5 7-16(1. 5 13-16d.
Broach, Fine, Liverpool
Good Middling Tinged
1 1 0 .1 0
10.30 10.40 ; I0.7O 10.90 1 1 1.0 0 Tlnnevclly, Good. Liverpool
5 9-lOd. 5 7-10d. 5 7-16(1. 5 11-16(1.
JU TE B U T T S , B A G G IN G , &e.— There has been but
very limited demand for jute bagging during the week under
review. but prices are unchanged at 8 % c . for
lbs. and
9jd|e. R,r - lbs., stanard grades. .Jute butts continue dull
at 3(3; 4e. for bagging quality.
S to c k a t L i v e r p o o l ___
S to c k a t L o n d o n _____
S t o c k a t M a n ch ester ..
. .b a le s .
Continental imports past, week have been 155,000 bales.
The above figures for 1906 show an increase over last week
of 201,833 bales, a loss of 147,371 bales from 1905, an
excess of 131,901 bales over 1904 and a gain of 593,854
over 1903.
12-10
AT
[ VOL. LX XXIII,
T H E CHRONICLE.
TH E
IN T E R IO R
TOW NS
th e m o v e m e n t— th a t is ,
t h e r e c e ip t s fo r t h e w e e k a n d s in c e S e p t . 1 , t h e s h i p m e n t s
f o r th e w e e k a n d t h e s t o c k s t o - n i g h t , a n d t h e s a m e i t e m s f o r
t h e c o r r e s p o n d i n g p e r i o d fo r t h e p r e v io u s y e a r — is s e t o u t
in d e t a il b e l o w .
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:
C l o s i n g Quotations in r M idd lin g Cotton on
W eek Ending
N ov . 10,
Sal'day.
G alveston _ _ . . .
New O rlean s___
M obile - .
Savannah _____
C h arleston _____
W ilm in gton
N o r f o l k ________
B oston ___
B altim ore
___
P h ila d e lp h ia ___
A u g u s t a ..
. _
M em phis
.
St. L ou is______
H ouston
L o u i s v i l l e _____
9 13-16
9k
9k
9k
9 k'
10
10.10
10
10.35
10
10
10
9k
9k
—
M onday, Tuesday. W ed’day. Thursd'y. F rid a y.
10
9k
10
9k
9k
9k
9 9-16
9k
9k
9k
5k
9k
10
10
10 k
10. iO
10.30
10.40
10
10
10
10.55
10.65
10.95
10
10
10k
10
10 k
9k
10
10
10 1-16
9 13-16 10
9 13 16
9k
9k
9k
9 13 16
9k
5
9 7-1 6
9 7-1 6
10 1-16
10 3-16
9 11-16
9 15-16
9 15-16
10
10 X
10.70
10 k
11.15
10 k
10 k
10k
10 3-16
9k
10 k
10 7-1 6
9k
10 3-1 6
10 k
:o k
10 k
10.90
11.00
11 .25
10 k
10 k
10k
10 7-1 6
9k
The closing quotations to-day (Friday) at other important
Southern markets were as follows:
___________ 10 k
A t l a n t a _____ _______1 0 k ( M o n t g o m e r y ______ 9 % |R a le ig h
C o lu m b u s , G a —
-1 0
|N a s h v ille ___________ 9 k i S h r e v e p o r t _________1 0 k
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m ovem ent
fr o m
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s h o w in g
and
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The
r e s u lt s fo r t h e w e e k a n d s in c e S e p t . 1 in t h e l a s t t w o y e a r s
a re a s fo llo w s :
•
---------- 1 9 0 6 ----------N o v . 16—
S h ip p e d —
V ia
V ia
V ia
V ia
V ia
V ia
W eek.
3 0 ,5 1 1
S t. L o u is ,
_
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___ __
-_ 9 ,5 1 8
R o c k I s la n d
- _ - ____
1 ,2 3 0
L o u is v ille
3 ,6 4 9
C in c in n a t i____
____ __ .
2 ,6 5 7
oth er rou tes, &c
_ _13 026
T o t a l g r o s s o v e r la n d
S in c e
S e p t . 1.
1 2 4 ,4 5 9
3 2 ,6 0 4
4 ,7 0 8
1 5 ,3 0 3
1 1 ,8 3 7
57,251
---------- 1 9 0 5 —
TVe e k .
2 4 ,5 1 4
8 ,0 5 9
2 ,5 3 9
2 ,3 2 7
1 .6 2 6
4 ,2 7 9
S in c e
S e p t . 1.
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4 3 ,3 4 4
1 9 5 ,8 2 6
O v e r la n d t o N . Y . , B o s t o n , & c_ __ 4 ,5 9 8
B e tw e e n in t e r io r t o w n s _ ,
683
I n la n d , & c . , fr o m S o u th
__ 1 ,0 5 6
1 0 ,2 1 6
1 3 ,0 4 9
1 0 ,5 1 7
6 ,2 4 4
689
1 ,0 8 2
2 2 .8 4 8
4 ,1 2 2
1 1 ,4 3 5
D ed u ct sh ip m en ts —
T o ta l to h e d ed u cted
L e a v in g t o t a l n e t o v e r la n d -n
6 ,3 3 7
,
3 3 ,7 8 2
8 ,0 1 5
38 40 5
_ - .5 4 ,2 5 4
2 1 2 ,3 8 0
3 5 ,3 2 9
1 5 8 ,3 2 1
a I n c lu d in g ' m o v e m e n t b y rail t o C a n a d a .
.T h e fo r e g o i n g s h o w s t h e w e e k ’s n e t o v e r l a n d m o v e m e n t
h a s b e e n 5 4 , 2 5 4 b a l e s , a g a i n s t 3 5 , 3 2 9 b a le s f o r t h e w e e k la s t
y e a r , a n d t h a t fo r th e se a so n to d a te th e a g g r e g a te n e t o v e r
la n d e x h i b i t s a n in c r e a s e o v e r a y e a r a g o o f 5 4 , 0 5 9 b a l e s .
------------1906
I n S ig h t a n d S p i n n e r s ’
T a k in g s.
W eek.
S in c e
S e p t . 1.
------------ 1905
W eek.
S in c e
S e p t . 1.
R e c e ip t s a t p o r t s t o N o v . 1 6 _________ 4 1 6 ,4 7 3 3 ,4 6 3 ,7 3 6
N e t o v e r la n d t o N o v . 1 6 _____________ 5 4 ,2 5 4
2 1 2 ,3 8 0
S o u th e r n c o n s u m p t io n t o N o v . 16__ 4 7 ,0 0 0
5 1 7 ,0 0 0
3 9 1 ,2 3 0 3 ,3 2 8 .5 4 8
3 5 ,3 2 9
1 5 8 ,3 2 1
4 6 .0 0 0
5 1 3 ,0 0 0
T o t a l m a r k e t e d ___________________ 1 -5 1 7 ,7 2 7 4 ,1 9 3 .1 1 6
I n t e r io r s t o c k s in e x c e s s ______________ 5 3 .9 6 5
4 2 9 ,7 4 6
4 7 2 ,5 5 9 3 ,9 9 9 ,8 8 9
3 3 ,2 0 7
4 6 4 ,5 0 7
9 .9 3 -.1 2 9 .9 1 -.2 9 1 0 .2 2 -.4 7
1 0 .0 5 .0 6 1 0 .2 3 -.2 4 1 0 .3 9 -.4 0
1 0 .1 2 -.3 0 1 0 .0 9 -.4 6 1 0 .3 8 -.6 2
1 0 .2 1 -.2 2 1 0 .3 9 -.4 0 1 0 .5 5 -.5 6
1 0 .2 5 -.4 3 1 0 .2 6 -.5 6 1 0 .5 1 -.7 0
1 0 .3 5 -.3 6 1 0 .5 3 -.5 4 1 0 .6 5 -.6 7
F ir m .
S tea d y '.
B a ' y s ’ y B a ’ly s ’ y
S te a d y .
S te a d y .
B Y T E L E G R A P H . — R e p o r t s to
th e
S o u th in d ic a te t h a t
and
th e g a th e r in g
o f th e
T e m p e ra tu re ,
crop
has m ade
h ow ever,
has
k i lli n g f r o s t r e p o r t e d in s o m e l o c a l i t i e s .
very
been
s a tis fa c to r y
lo w e r ,
w ith
T h e m a r k e tin g o f
c o t t o n c o n t in u e s q u i t e fr e e .
Galveston, Texas.— C o n t i n u e d r e p o r t s o f s c a r c i t y o f p ic k e r s
in t h e n o r t h w e s t e r n p o r t i o n o f t h e S t a t e .
W ea th er v ery
fa v o r a b le fo r g a th e r in g th e c r o p .
W e h a v e h a d n o r a in d u r
in g th e w e e k .
T h e th e r m o m e te r h a s a v e r a g e d 6 4 , th e h ig h
e s t b e i n g 7 8 a n d t h e lo w e s t 5 0 .
Abilene, Texas.— W e h a v e h a d n o r a in d u r in g t h e w e e k .
A v e r a g e th e r m o m e te r 6 2 , h ig h e s t 8 8 a n d lo w e s t 3 6 .
Fort Worth, Texas.—
w eek.
The
3 8 to 8 4 .
T h e r e h a s b e e n n o r a in d u r in g t h e
t h e r m o m e t e r h a s a v e r a g e d 6 1 , r a n g in g f r o m
Palestine, Texas.— D r y a ll t h e w e e k .
h a s ran g ed fr o m 3 6 to 8 2 , a v e r a g in g 5 9 .
The
th erm o m eter
Taylor, Texas.— W e h a v e h a d n o r a in t h e p a s t
A v e r a g e t h e r m o m e t e r 5 9 , h ig h e s t 8 2 a n d l o w e s t 3 6 .
w eek.
San Antonio. Texas.— D r y a ll t h e w e e k . T h e t h e r m o m e
te r h a s a v e r a g e d 6 1 . th e h ig h e s t b e in g 8 2 a n d th e lo w e s t 4 0 .
Corpus Christi, Texas.—
w eek.
The
4 6 to 8 2 .
th e rm o m e te r
T h e r e h a s b e e n n o r a in t h e p a s t
h a s a v e r a g e d 6 4 , r a n g in g f r o m
New Orleans, Louisiana.— W e h a v e h a d r a in o n o n e d a y
t h e p a s t w e e k , t h e r a i n f a l l b e i n g e i g h t y -f o u r h u n d r e d t h s o f
an in c h .
A v e ra g e th erm o m eter 6 4.
Shreveport, Louisiana.— W e h a v e h a d n o r a in d u r in g t h e
w eek.
T h e th e r m o m e te r h a s a v e r a g e d 5 6 , th e h ig h e s t b e in g
8 2 a n d th e lo w e s t 3 0 .
Lelo.nd, Mississippi.— W e h a v e h a d n o r a in t h e p a s t w e e k .
T h e th e r m o m e te r h a s ra n g e d fr o m 2 9 to 8 4 , a v e r a g in g 5 3 .6 .
Vicksburg, Mississippi.— I t h a s r a i n e d o n o n e d a y o f t h e
w e e k , to th e e x te n t o f se v e n h u n d r e d th s o f an in c h .
A ver
a g e th e r m o m e te r 5 6 , h ig h e s t 7 9 a n d lo w e s t 3 3 .
Helena, Arkansas.— W e a t h e r h a s b e e n r a t h e r c o o l w i t h
h e a v y fr o s t on T u e s d a y .
P ic k in g is m a k i n g g o o d p r o g r e s s .
W a r m e r n o w w ith in d ic a tio n s o f r a in .
W e h a v e h a d r a in
o n o n e d a y d u r in g t h e w 'e e k , t h e r a i n f a ll b e i n g e i g h t e e n
h u n d r e d th s o f an in c h .
T h e th e rm o m e te r h as a v e ra g e d 4 7 ,
t h e h i g h e s t b e i n g 8 0 a n d t h e lo w e s t 2 6 .
B a le s, j
S i n c e S e p t . 1—
B a le s .
I S _________________ 5 6 0 ,0 7 4 (1 9 0 4 — N o v . I S _____________ 5 ,1 4 5 ,1 2 8
2 0 _________________5 6 1 ,5 7 4 | 1 9 0 3 — N o v . 2 0 _____________ 4 ,3 2 8 ,0 2 0
2 1 _________________4 4 1 ,3 7 6 1 9 0 2 — N o v . 2 1 _______________ 4 .5 6 7 .5 8 1
2 2 _________________4 2 9 ,9 9 8 1 1 9 0 1 — N o v . 2 2 - . ___________ 4 ,2 7 8 .8 1 9
Memphis, Tennessee.— K i l l i n g f r o s t , ic e a n d s le e t o n T u e s
day.
P ic k in g a n d m a r k e t i n g a r e m a k i n g g o o d p r o g r e s s .
T h e r e h a s b e e n r a in o n t w o d a y s o f t h e p a s t w e e k , t h e r a i n fa ll
b e in g t h ir ty h u n d r e d th s of an in c h .
T h e th e rm o m e te r h a s
r a n g e d fr o m 3 1 .2 to 7 8 , a v e r a g in g 5 0 .1 .
5 2 1 ,0 9 6
5 0 5 ,7 6 6
4 ,4 6 4 ,3 7 8
1 0 3 ,4 2 5
M o v e m e n t i n t o s i g h t in p r e v io u s y e a r s :
N ov.
N ov.
N ov.
N ov
REPORTS
8 .9 0 - .09 9 .8 6 -.2 4 1 0 .1 8 -.4 4
1 0 .0 0 -.0 1 1 0 .1 8 -.1 9 1 0 .3 5 -.3 6
6 1 8 ,0 3 8
N o r t h , s p in n e r s ’ ta k in g s t o N o v . 1 6 -1 1 3 ,4 4 5
W eek—
9 .7 8 — —
@ .0 5 — @ — ~
@ —
9 .8 0 -.8 2 1 0 .0 0 -.0 1 1 0 .1 9 -.2 1 1 0 .3 7 -.3 9
Little Rock, Arkansas.— P ic k in g c o n t in u e s t o p r o g r e s s w i t h
o u t i n t e r r u p t i o n , b u t s a c r c i t y o f l a b o r is s t ill b e i n g c o m
p la i n e d o f .
W e h a v e h a d n o ra in th e p a s t w e e k .
T h e th e r
m o m e te r h a s a v e r a g e d 5 6 , r a n g in g fr o m 3 4 to 7 8 .
C a m e in t o sig h t d u r in g w e e k ______ 5 7 1 ,6 9 2
T o t a l in s ig h t N o v . 1 6 ______________________ 4 ,6 2 2 ,8 6 2
1904—
3903—
3902—
1901—
W EATH ER
headw ay.
t h a t th e in te r io r s to c k s h a v e
5 3 ,9 6 5
—
—
in t h e m a i n t h e w e a t h e r h a s b e e n f a v o r a b l e d u r in g t h e w e e k ,
o
o
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“d | CDOt0t04^totnC5OO;O45>05toOOO45>Oni-tC5>-*“d “.IOO5O00 0nO0n^3O5 | ' *
creased
9 .3 5 -.3 8
9 .2 9 -.3 3
R a n g e _______
9 .4 1 -.4 9 9 .4 3 -.7 6 9 .5 7 -.8 7
C lo s in g _______ 9 .4 1 -.4 2 9 .7 5 -.7 6 9 .8 2 -.8 3
J a n u a ry—
9 .4 9 -.5 S 9 .5 0 -.8 6 9 .6 3 -.9 0
R a n g e _______
C lo s in g ______
8 .4 9 -.5 0 9 .8 2 —
9 .8 7 -.8 8
M arch—
R a n g e _ _ _ 9 .6 7 -.7 7 9 .6 8 -.0 1 9 .8 1 -.0 9
C lo s in g _______ 9 .6 8 -. 69 1 0 .0 0 -.0 1 1 0 .0 7 -.0 8
M ay—
9 .8 2 -.9 2 9 .8 2 -.1 6 9 .9 8 -.2 4
R a n g e _______
C lo s in g _______
9 .8 3 -.8 4 1 0 .1 3 -. 14 1 0 .2 1 -.2 3
T on e—
Spot
_ ..
Q u ie t.
S te a d y .
F ir m .
O p t i o n s ______ B a ’ly s ’ y S tea d y '.
S te a d y .
05 on on C« 05 -si 05 C» O O 05 05
O
0 4^.C \5 0 5 M O « 0 5 C o 4 i - 0 5 t : s 5 '< 1 0 5 i - i 0 5 0 0 4 5 * 0 5 0 0 5 0 n C D 0 5 00 0 5 V - i4 ^ ‘ ' 1 0 C D t ' 0 “^ » - i
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N o v . 16.
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T u e s d a y . W e d ’ d a y , T h u r s d 'y ,
N o v . 13 . N o v . 1 4 . N o v . 15.
N ovem ber—
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t^v-^OSCDCorsSCoCoOO
M onday,
N o v . 12.
N ov. 17 1900 .1
THE CHRONICLE
Mobile, Alabama.— Cotton picking is making fair progress;
is completed in some sections and is nearly finished in others.
Rain has fallen on one day of the week, the rainfall reaching
ninety-eight hundredths of an inch. The thermometer has
averaged 58, the highest being 81 and the lowest 3(3.
M o n t g o m e r y , Alabama.— Heavy frost on one day.
There
has been rain on one day during the week, the precipitation
reaching ninety-seven hundredths of an inch. The thermo
meter has averaged 52, ranging from 31 to 78.
Scioto. Alabama.— Picking is about finished on uplands.
But little cotton is being held and there is less on plantations
than usual. We have had rain on one day during the week,
the precipitation reaching thirty-four hundredths of an inch.
The thermometer has ranged from 28 to 69. averaging 46.
M a d i s o n . F l o r i d a . — Freezing weather on Tuesday.
We
have had rain on one day of the week, the precipitation being
seventy-five hundredths of an inch. Average thermometer
49, highest 74 and lowest 25.
Augusta. Georgia.— We have had rain on two days during
the week, the rainfall being ninety-three hundredths of an
inch. The thermometer has averaged 50, ranging from
29 to 77.
Savannah. Georgia. — We have had rain on one day of the
past week, the rainfall being thirty-six hundredths of an inch.
The thermometer has averaged 55, ranging from 31 to 79.
Charleston, South Carolina.— It has rained on three d a y s
of the week, to the extent of thirty-eight hundredths of a n
inch. Average thermometer 56, highest 77 and lowest 37.
Greenwoody South Carolina .— We have had rain on two days
of the past week, the rainfall being fifty-seven hundredths of
an inch. The thermometer has averaged 46, the highest
being 59 and the lowest 34.
Stateburg. South Carolina.— Killing frost on two mornings.
We have had rain on two days the past week, mingled with
sleet on one. The thermometer has averaged 52, ranging
from 30 to 77.
Charlotte, North Carolina.— We have had rain during the
week, the precipitation reaching fifty-six hundredths of an
inch. The thermometer has ranged from 28 to 73, aver
aging 50.
The following statement we have also received h y tele
graph. showing the height of rivers at the points named
at 8 a. m. of the dates given:
New Orleans __
Above
Memphis__ . ___..Above
Above
Nashville ____
Shreveport,/___
Above
Vicksburg __
____ Above
zero
zero
zero
zero
zero
1241
W ORLD’S SUPPLY AND TAKINGS OF COTTON.The following brief but comprehensive statement indicates
at a glance the world’s supply of cotton for the week and
since Sept. 1. for the last two seasons, from all sources from
which statistics are obtainable: also the takings, or amount
gone out of sight, for the like periods:
1906.
C otton Takin gs.
W e e k and Season.
Week.
1905.
Season.
Week.
Season.
Visible supply Nov. 9
4,057,345
3,626,053
1.784.156
2,545.470
Visible supply Sept, l
American In sight to Nov. 16.
571 .69 2 4,622,862 505.766 4,464.376
Bombay receipts to Nov. 15
32.000
28,000
117,000
121,000
Other India shlp’ts to Nov. 15 .
6.000
55,000
6.000
55.000
Alexandria receipts to Nov. 14.
249,000
54.000
322.000
45,800
13.000
114,000
Other supply to Nov. 14.ci. __
12.000
107.000
__ 4,301 745 7,008,018 4,655,911 7,548,846
Total supply______
Deduct—
Visible supply Nov. 16
Total takings to Nov. 1 6 ._____
Of which American
___
Of which o t h e r .__ ______
3,827,886 3,827,886 4,272,257 4.272,257
473.859 3.180.132
365.859 2.454.132
726,000
108,000
383,654 3.270.589
302,854 2.605.589
80,800
671,000
a Embraces receipts In Europe- from Brazil, Smyrna West Indies deb.
EUROPEAN COTTON CONSUMPTION TO NOV. 1.—
By cable to-day we have Mr. Ellison’s cotton figures brought
down to November 1. We also give revised totals for last
year that comparison may be made. The spinners’ takings
in actual bales and pounds have been as follows:
October 1 to November 1.
Great BriVn. Continent.
Total.
For 1906.
308,000
267,000
575,000
Takings by spinners_______ bales_
Average weight of hales
___ lbs
478.6
475
481
Takings in pounds._
___
__
126,825,000 148,348,000 275,173,000
For 1905.
Takings by spinners .
..
bales.
Average weight of bales_____ ..lb s.
Takings in pounds.
_ __
284,000
484
369,000
653,000
485
484.3
178,965,000 316,221,000
According to the above, the average weight of the de
liveries in Great Britain is 475 pounds per bale this season,
against 484 pounds during the same time last season. The
Continental deliveries average 481 pounds, against 485
Nov. 16 1906. Nov. 17 1905. pounds last year, and for the whole of Europe the deliveries
Feet.
Feel.
average 478.6 pounds per bale, against 484.3 pounds last
gauge.
4.7
7.2
gauge.
6.7
10.3
season. Our dispatch also gives the full movement for this
gauge.
8.0
8.0
year and last year in bales of 500 pounds.
gauge0.5
14.6
of
of
of
of
of gauge.
9.4
18.5
Oci. 1 to Nov. 1.
1905.
1906.
INDIA COTTON MOVEMENT FROM ALL PORTS.—
Bales of 500 lbs. each.
The receipt- of cotton at Bombay and the shipments from all
Great Conti
Great Conti
000s omitted.
India ports for the week and for the season from Sept. 1 for
BriVn. nent . Total. BriVn. nent. Total.
three years have been as follows:
Spinners’ stock Oct. 1
__
253
621
877
556
809
256
November 15.
1906.
Receipts at—
Week.
Bombay..
32.000
! Since
Sept. 1.
Week.
Great
Conti
nent.
Total.
3,000
16,000
3,000
2,000
10,000
3,000
3 ,000
1,000
1,000
2,000
1 ,000
1,000
Bombay —
1906, __________
1905 _ .
1904.
Calcutta—
1906. __________
1905____
1904. . . . ....... ..
Madras—
1906_________
1905____________
1904.
All others—
1906_______ _____
1905 _
1904____________
121,000 31,000
3 000
16,000
3.000
Britain.
2,666
■ ■
3 .000
Week.
Since
Sept. 1.
133,000
Great
Britain.
Conti
nent.
126,000
96.000
6,000
11,000
4,000
3,000
5,000
12,000
2,000
254
297
551
274
358
632
Supply _.
._
______
Consumption, 4 weeks__
507
296
853
412
1,360
708
530
296
979
404
1 ,509
700
Spinners’ stock Nov. 1__ ___
211
441
652
234
575
809
74
103
177
74
101
175
Weekly Consumption,
ooos omitted.
In October.. . . .
Since September 1.
For the Week.
Exports from—
Since
Sept. 1.
117,000 28,000
Takings to Nov. 1____
1904.
1905.
...
The foregoing shows that the weekly consumption is now
177.000 bales of 500 pounds each, against 175,000 bales of
The total
128,000 like weights at the corresponding time last year.
106,000 spinners’ stocks in Great Britain and on the Continent have
6,000 decreased 157,000 bales during the month and are now
12,000 157.000 bales less than at the same date last season.
Total.
5,000
3.000
EAST INDIA COTTON CROP.— The second general
6,000 memorandum on the cotton crop of the season of 1906-7,
13.000
2,000 issued under date of Calcutta, Oct 15, is as follows:
The memorandum deals with the whole of the early crop and so much
of the late crop as was sown up to the end of September. The total area
under cotton reported up to date for the whole of India amounts to 19,—
—
—
665.000 acres, as compared with 17,939,000 acres (revised figures) at the
same period last year, which represents a percentage increase of 9.6. The
Total all—
most noticeable Increases in British India are in Madras (11.6 per cent)
1 9 0 6 ..__________
9,000
9,000
5,000
178,000
183,000 and the Northwest Frontier Province (62.2), and among native States
1 9 0 5 . . . ............ .
2 ,000 20.000 22,000
161,000 Rajputana (56.2) and Hyderabad (29.8 1 , while Mysore, which at the cor
14,000
147,000
1904____________
3,000
3,000
35.000 responding period last year reported 7,000 acres only, shows 66,000 acres
—
35,000
under the crop. The total percentage increase for British provinces is
1.
and for native States 25.5. The fall
1,427.000 acres
According to the foregoing, Bombay appears to show an In6 the Punjaub and in the native states from 1,583.000 tofrom 186.000 to
of the Punjaub
increase compared with last year in the week’s receipts of 174.000 acres is apparently due to discouragement, the crop having almost
year in the
and the Southwest
4.000 bales. Exports from all India ports record a loss of completely failed last of boll-worm. Centralcondition of the earlydistricts,
owing to the ravages
The
crop Is
13.000 bales during the week and since Sept. 1 show an reported to be satisfactory in Bombay, Sclnde, United Provinces. Madras,
and the Northwest Frontier Province; excessive rainfall has done con
increase of 22,000 bales.
siderable damage In some parts of the Central Provinces and Bengal and
to the late crop in Bombay, necessitating some re-sowing, but insect pests
MARKET AND SALES AT NEW YORK.
The total sales of cotton on the spot each day during the are not reported except from the Punjaub.
2.666
2,000
3,000
4 ,000
1 ,000
2,000
36.000
35,000
24.000
37,000
37,000
24,000
week at New York are indicated in the following state
HIGHLY CULTIVATED COTTON PRO FITABLE.—
ment. For the convenience of the reader we also add Advices from Palestine (Texas) under date of Nov. 11 are
columns which show at a glance how the market for spot to the effect that Government Agent Berryman and an
and futures closed on same days.
associate have achieved very profitable results from twenty
acres planted in cotton in the suburbs of Palestine. A press
Futures
Sales of Spot and Contract.
despatch says:
Spot Market
\f arkel
Closed.
Saturday.
Monday.
Tuesday Wednesday
Thursday .
Friday___
Total__
Closed.
3 u ie t...................
>ulet, 20 pt . ady
julet. 1 0 pis. adv
Steady, 30 pts. arlv
>ready, 20 pts. adv.
Steady, 10 pts. adv
(steady -___
Very steady
(Steady .
( Very steady
(Steady. . .
(Steady_____
j Con- Con- (
Export sum'n. tract. Total.
___
i 66 1,700! 1,800
GO
O
3001 300
900
G O 300
O,
1,300 1.300
1,100 1.100
1,000 4 ,700 5,7 90
What they have done others can do if they will. The demonstration
ha: been noted by many farmers in this county and will do great good.
T icic demonstration farms by the Government In different parts of the
State have been of incalculable benefit to the people and should be con
tinued until a maximum of result Is attained.
Kimbrough and Berryman grew the following crop near Palestine In 1906
with the following results:
Twenty acres cotton planted with Improved seed—Mcbcn's Triumph
10 acres. Jackson’s Round Boll 3 acres, other varieties 7 acres.
Cost of getting ready to plant. $40; fertilizer. $2.50 per acre, $50; seed,
75c. per acre. $15; putting out fertilizer. 35c. per acre, $7; planting cotton,
35c. per acre. $7; chopping three times, $1.50 per acre $30; cultivating
THE CHRONICLE,
1242
nine tim es, ,35c..,per a c r e e a ch t im e , $6 3 ; ren t o f 20 a cres o f la n d , $100;
pick in " 37 ,8 0 0 p o u n d s c o t t o n , 5 0 c. p er 100, $189; hauling- a n d h a n d lin g sam e
$28; ginning*, bagging- a n d tie s, 28 b a le s, $ 1 1 2 .
S a le o f 1 4 ,0 5 0 p o u n d s
o f lint c o t t o n , 1 0c. p e r p o u n d , $ 1 ,4 0 5 .0 0 ; sale o f 2 3 ,7 0 0 p o u n d s o f se e d ,
00c per 100, $ 1 4 2 .2 0 .
T o t a l c o s t o f th is c r o p , $641. T o t a l sale o f this
c r o p , $1 ,5 4 7 80; c o s t per a c r e , $32 05; gj o > re ce ip ts o f th is c r o p p er a c r e ,
$77 39; n et r e c e ip ts o f th is c r o p p er a c r e , $45 34.
P e rce n ta g e o f lin t per
100 p o u n d s , 37 p e r c e n t.
A F R IC A N (LAG O S) C O T TO N .— The “ Manchester Guar
dian” of N ov. 6 says:
T h e B ritish C o tto n -g r o w in g A s s o c ia tio n has r e c e iv e d fr o m its c o t t o n
g in n in g fa c to r ie s in L a g o s th e fo llo w in g sta te m e n t, in b a les o f 400 lb s ., o f
the q u a n tity g in n e d u p t o th e en d o f O c to b e r :
1905.
1906.
Bales.
Bales.
M arch i q u a r t e r . _
Ju n e q u a rte r _.
S e p te m b e r q u a rte r
M on th o f O c to b e r
393
1,153
795
194
1,296
2,172
1 ,610
371
2 ,5 3 5
399
5,449
N o v e m b e r an d D e c e m b e r
—
2,9 3 4
I t w ill be n o tic e d th a t th e Increase th is y e a r is a t th e ra te o f a b o u t 115 per
c e n t.
W it h r e fe re n ce t o th e o th e r m o s t p ro m isin g field o f th e A s s o c ia tio n ’ s
e n te rp rise , v iz ., th e W e s t In d ie s , w e are in fo r m e d th a t Sir A lfr e d J o n e s, the
P resid en t o f th e A s s o c ia tio n , has c o m p le te d th e a rra n g e m e n ts fo r a v isit
to th e n ew c o t t o n fields b y sp in n ers an d o th e rs in te re ste d . T h e p a r t y , a c
co m p a n ie d b y Sir A . J o n e s, w ill sail fo r th e W s e t In d ie s in th e m ail stea m er
P o r t K in g s to n o n D e c . 29.
N EW Y O R K Q U O TA T IO N S F O R 32 Y E A R S .
The quotations for m iddling upland at New Y ork on
N ov. 16 for each of the past 32 years have been as follows:
1-898 _c_____
1 8 9 7 _ ______
1 8 9 6 _________
1 8 9 5 _ ______
1 8 9 4 _________
1893-__
1 8 9 2 _________
1 8 9 1 _________
1 9 0 6 - C . _____ 1 1 . 0 0
1905
_____1 1 . 1 5
1904__. _
10.15
_____ 1 1 . 3 0
1903_
1 9 0 2 - _ . _____ 8 . 3 0
1 9 0 1 - _ . ______ 8 . 0 0
1900--.
1 8 9 9 - . . ______ 7 . 5 6
5.37
5.88
7.75
8.44
5.62
8.12
9.37
8.06
1 8 8 2 .C ______ 1 0 .5 0
1 8 8 1 _________1 1 .8 8
1 8 8 0 _________10.9 4
1 8 7 9 _________ 12.12
1 8 7 8 __________ 9.3 7
1 8 9 0 C—
9.62
1 8 8 9 ______ . - - 1 0 . 2 5
1 8 8 8 _____ . _ - 1 0 . 0 0
1 8 8 7 _____ . _ . 1 0 . 3 7
1 8 8 6 _____
9.18
1 8 8 5 _____
9.37
1 8 8 4 _____ . _ 1 0 . 2 5
1 8 8 3 _____ _ _ _ 1 0 . 4 4
1877 _■ _____ 11.12
_
Note. — Prices in years prior to 1902 reduced to decima
1 8 7 6 _________ 12.00
1 8 7 5 _________13.31
A L E X A N D R IA R E C E IP T S A N D SH IP M E N T S. OF
CO TTO N .— Through, arrangements made with Messrs.
Choremi, Benachi & C o., of Liverpool and Alexandria, we
now receive a weekly cable of the m ovem ents of cotton at
Alexandria, E gyp t. The follow ing are the receipts and
shipments for the past week and for the corresponding week
o f the previous two years:
Alexandria , Egypt,
November 14.
Receipts (ca n ta rs a) —
T h is w eek _
S in ce S e p t. 1
4 0 0 .0 0 0
2 4 1 3 ,0 7 5
_____
1904.
3 4 0 ,0 0 0
1 ,8 6 4 ,9 0 7
3 0 0 ,0 0 0
1 ,8 9 5 ,2 2 5
Since
This
Since
This
week. Sept. 1 . week. Sept. 1.
Exports (bales) —
To
To
To
To
1905.
1906.
L iv e r p o o l.
M an ch ester
C o n tin e n t _ ____
A m e r ic a
T o ta l e x p o r ts
6,5 0 0
16,500
_ 11,000
2,5 0 0
6 5 ,0 4 4
5 2 ,8 0 8
6 9 ,6 6 0
7 ,9 0 8
36 ,5 0 0 1 9 5,4 2 0
7 ,0 0 0
9 ,7 5 0
1,250
55 ,9 9 2
29 ,5 6 2
65 ,3 5 4
13,895
18 ,0 0 0 1 64,803
Since
This
week. Sept. 1.
10,000
8,7 5 0
10,500
2,0 0 0
53 ,4 1 8
31 ,1 7 4
67 ,7 5 5
9 ,3 4 9
31 ,2 5 0 16 1 ,6 9 6
a A ca n ta r is 98 lb s .
This statem ent shows that the receipts for the week were
460,000 cantars and the foreign shipments 36,500 bales.
M AN CH ESTER M A R K E T .— Our report received by
cable to-night from Manchester states that the market
is firm for yarns and quiet for shirtings. The demand
for both yarn and cloth is good. W e give the prices
for to-day below and leave those for previous weeks of
this and last year for comparison:
1906.
834 lbs. Shirt-
mas, common
to finest.
325 Cop
Twist.
O ct.
12
19
26
Nov
2
9
16
d. s. d.
d.
s. d.
7 (2)9 S
7 K @ 9 10
7 l @ 9 10
A
9 13-16 ®
9 15-16 @
9 15-16®
11
11
11
9V8
lOH 6 7 © 9
lOVs 6 7 @ 9
10V8 6 7 34 @ 9
97
A
10
1905.
©
@
@
6
6
6
9
9
9
CoVn
Mid
UpVs
d.
325 Cop
834 lbs. Shirt- CoVn
ings, common
to finest.
Twist.
d.
d. s. d.
6.45 834
6.33 834
6.12 834
@
@
@
9
6
9
6
934 6
5.80 834
5.75 834
5.85 834
@
@
©
934 6
934 6
934 6
Mid
UpVs
d.
s.
0 @8
0 @8
134 @ 9
1034
1034
0
d.
5.32
5.42
5.71
134 © 9
334 © 9
3 @9
0
3
2
5.91
6.16
5.93
SHIPPING N E W S.— As shown on a previous page, the
exports of cotton from the United States the past week have
reached 357,554 bales. The shipments in detail, as made up
from mail and telegraphic returns, are as follows:
NEW YO RK — To Liverpool— Nov. 13— Cevic, 2,676_______
To Hull— Nov. 13— Martello, 325_________ ____________
To London— Nov. 12— America, 850__________________
To Havre— Nov. 9— Bordeaux, 1,594; La Bretagne, l,f
To Dunkirk— Nov. 14— Umzumbi, 50__________________
To Bremen— Nov. 12— Bremen, 1,883_________________
To Hamburg— Nov. 13— Armenia, 100_______________
To Antwerp— Nov. 14— Samland, 294_ _____________
_
To Genoa.— Nov. 9— Konig Albert, 600___ Nov. 1 5 burg, 645 ___________________________________________
To Naples— Nov. 9— Konig Albert, 1,156___ Nov. 15—
burg, 669 ___________________________________________
To China— Nov. 14— Lowther Castle, 1,211___________
NEW ORLEANS— To Liverpool— Nov. 10— Mexican, 5,9£
Nov. 13— Custodian, 21,021___ Nov. 15— Alexandrian,
To Manchester— Nov. 16— Manchester Engineer, 7,500_.
To Glasgow— Nov. 10— Nyanza, 100_________________
To Belfast— Nov. 16— Malin Head. 2,800_____________
To Genoa— Nov. 12— Principessa Laetitia, 10,150-___
To Trieste— Nov. 13— Virginia, 2,050__________________
To Venice— Nov. 13— Virginia, 744____________________
Total bales'
^ ,0 /0
325
850
3,4 7 3
1,883
100
294
am 1,245
am 1,825
1,211
500“ 36 ,4 7 2
7 .5 0 0
100
2,8 0 0
10 ,1 5 0
2,0 5 0
744
[Y o l. l x x x iii.
Total bales.
GALVESTON— To Liverpool— Nov. 9— Mechanician, 22,725
Nov. 13— Dictator, 8,695; Dunstan, 6,839; Santanderino,
_____________ 55,731
7,461----- Nov. 14— Imaum, 10,011_______
To Manchester— Nov. 13— Saturnina, 5,234.-__ Nov. 14—
Asuncion de Larranaga, 9,370- ------- -------------- -------------- 14,604
To Glasgow— Oct. 31— Torr Head, 1,201____________________
1,201
To Havre— Nov. 13— Bechuana, 11,153- ________________ _ 11,153
To Bremen— Nov. 2— inkula, 14,090— Nov. 10— Korea, 14,055 28,145
To Hamburg— Nov. 9— Marte, 2,138 __Nov. 10— Bardsey,283 2,421
To Antwerp— Nov. 10— Dunstan, 3,595_____________________
3,595
To Reval— Oct. 31— Torr Head, 5,843_______________________ 5,843
To Riga— Oct. 31— Torr Head, 2,358------------------------------------ 2,358
To St. Petersburg— Oct. 31— Torr Head, 59-----------------------59
To Genoa- Nov. 9— Grantly Hall, 15,909___________ ______ 15,909
PORT ARTH U R— To Bremen— Nov. 9— Waverley, 7,981____
7,981
MOBILE—-To Bremen— Nov. 13— Asia, 8,347__ . -------------------8,347
SAVANNAH—To Liverpool— Nov. 15— Skerryvore, 8,803 upland,
626 Sea Island
________________
9,429
To Havre— Nov. 10— Earl of Douglas, 6,555 upland, 392 Sea
Island____________________________________________________ 6,947
To Bremen— Nov. 10— Marksburg, 11,041___ Nov. 13— Clivegrove, 3,521___ Nov. 15— Othello, 11,480 upland, 75 Sea
island; Santona 9,862__ _______________________________ _ 35,979
To Hamburg— Nov. 10— Marksburg, 300_ __________________
300
To Rotterdam— Nov. 13— Minerva, 1,500----------------------------1,500
To Amsterdam— Nov. 13— Minerva, 64___
64
To Antwerp— Nov. 10— Earl of Douglas, 1,766___________
1,766
To Ghent— Nov. 10— Earl of Douglas, 200___ Nov. 13— Mi
nerva, 5 0 ___________________________________ __________
250
To Reval— Nov. 10— Marksburg, 400___ Nov. 13— Clivegrove,
1,475
450; Minerva, 397__. _Nov. 15— Othello, 17; Santona, 211250
To Riga— Nov. 13— Minerva, 200
Nov. 15— Santona, 50_
To Uddevalla— Nov. 10— Nicolai IX, 100__ -N ov. 13— Mi
200
nerva, 1 0 0 _____________________________ --------------------------To Gothenpurg— Nov. 10— Nicolai II, 5,050-------------------------- 5 ,0 5 0
300
To Malmo— Nov. 10— Nicolai II, 300__________ _____________
To Norrkoping— Nov. 10— Nicolai II, 400_- _Nov. 13, Mi
600
nerva, 100___ Nov. 15— Othello, 100______________________
100
To Ferrol— Nov. 15— Skerryvore, 100________________________
9 ,7 1 6
BRUNSWICK— To Liverpool— Nov. 13— Daltonhall, 9,716___
4 ,9 3 2
To Manchester— Nov. 9— Gladestry, 4,932_ _______________
'WILMINGTON— To Havre— Nov. 12— Glenwood, 6,000- _____
6,000
To Bremen— Nov. 10— Valetta, 10,077___ Nov. 14— Putney
22,477
Bridge, 12,400__________________ ____________________
NEWPORT NEWS— To Liverpool— N ov.10— Rappahannock,1,698 1,698
BOSTON— To Liverpool— Nov. 10— Sachem, 8 6 0 ___ Nov. 12—
Saxonia, 2,440___ Nov. 13— Bohemian, 3,247____ Nov. 14—
7,547
Cymric, 1,000_____________________________________________
149
To Yarmouth— Nov. 9— Prince George, 149__________________
BALTIMORE— To Havre— Nov. 14— Inca, 1,103________________ 1,103
To Antwerp— Nov. 5— Oak more, 350________________________
350
PHILADELPHIA— To Liverpool— Nov. 9— Merlon, 4,430_______ 4,430
To Manchester— Nov. 5— Manchester Corporation, 302______
302
SAN FRANCISCO— To Japan— Nov. 9— Hong Kong Maru, 500__
500
SEATTLE— To Japan— Nov. 13— Tango Maru, 3,045___________
3,045
35 7 ,5 5 4
T o ta l.
The particulars of the foregoing shipments for the week,
arranged in our usual form , are as follows:
Great French
Ger— Oth.Fur ope— M ex .,
&c. Japan.
Britain. ports. many. .North. South.
Total.
13,932
N e w Y o r k _ _ 3,851
294
3,523
1,983
3,070 1,211
59,816
12,944
N e w O r le a n s .. .4 6 ,8 7 2
141,019
G a lv e s to n _ _ -7 1 ,5 3 6 11,153 30 ,5 6 6 11,855 15,909
7,981
7,981
P o r t A r th u r ___
8.347
M o b i l e ________
8 ,3 4 7
64,210
Savannah
_ 9,429
6,947 36,279 11,455
166
14,648
B r u n s w i c k ___ _1 4 ,6 4 8
-ip I
_ ___
28,477
W ilm in g t o n ___
6,000 22,477
--____
^
1,698
N e w p o r t N ew s _ 1,698
^
7 ,6 9 6
B o s to n
_ 7,547
149
1,453
1,103
B a l t i m o r e ____
350
___
4 ,7 3 2
P h ila d e lp h ia _ _ _ 4 ,7 3 2
^ ^ — 1 ..i ___ . _ _
500
500
S an F r a n c is c o 3 ,0 4 5
—
S e a ttle _______ - ------—
---— - 3,045
---160,313 28,726 107,983 23,604 32,023 1,360 3,545 35 7 ,5 5 4
T o ta l _
The exports to Japan since Sept. 1 have been 30,726 bales
from Pacific ports.
Cotton freights at New Y ork the past week have been as
follow s, quotations being in cents per 100 lbs:
Sat.
c.
L iv e r p o o l _
c.
M a n cn ester
c.
H a v re
_c.
B rem en
H am burg
_ _ _ _c.
A n tw e r p
___
c.
G h e n t, v ia A n t_ _ _c.
R e v a l, in d ir e c t - _ _c.
R e v a l , v ia Canal _c.
B a rce lo n a , Jan__ _c.
c.
G en oa
c.
T rieste
c.
Japan-
M on.
Fri.
Tues.
Wed.
Thurs.
25
25
20
26
27
20
22
22 H
25
25
20
26
27
18
22
22^
25
25
20
26
27
18
22
22^
25
25
20
26
27
18
22
22 3^
25
25
20
26
27
32
25
32
45
32
25
32
45
30
25
32
45
32
25
32
45
20
22
223^
25
25
20
26
27
20
22
32
25
32
45
22%
30
25
-3 2
45-
_ ■
LIVERPOOL.— By cable from Liverpool we have the fo l
lowing statement of the week’s sales, stocks, i c . , at that port.
Oct. 26.
Nov. 2.
Sales of the week_______ bales. 38.000
4 2 ,0 0 0
Of which exporters took___________ 2,000 1,000
Of which speculators took _ _ - ____
34,000
Sales, American______________ 29,000
3,000
Actual export________________ 5.000
9 3 ,0 0 0
Forwarded__________________ 76,000
29 6 ,0 0 0
Total stock— Estimated______ 251,000
Of which American— Est___184,000
22 2 ,0 0 0
141,000
Total import of the week_____ 92,000
121,000
Of which American________ 79,000
45 0 ,0 0 0
Amount afloat_______________ 411,000
39 2 ,0 0 0
Of which American________ 358,000
Nov. 9.
Nov. 16.
5 4 ,0 0 0
2,000
2,000
44.000
9 ,0 0 0
8 6 ,0 0 0
326,000
246.000
126,000
9 6 ,0 0 0
4 6 0 ,0 0 0
40 4 ,0 0 0
54,000
2,000
1 ,000
45,000
7 ,0 0 0
114,000
33 9 ,0 0 0
262,000
133,000
104,000
49 3 ,0 0 0
44 8 ,0 0 0
The tone of the Liverpool' market for spots and futures
each day of the past week and the daily closing prices of
spot cotton have been as follows:
Saturday.
Monday.
Tuesday.
Wed'day.
T7iursday.
Friday.
't
Easier.
Fair
business.
doing.
Fair
business.
doing.
Good
demand.
Good
demand.
Good
dem and.
M id.Uprds.
5.50
5.51
5.64
5.67
5.75
5.85
S a le s _____
Spec.& exp.
7,000
500
10,000
8,000
12.000
2,000
12,000
10,000
1,000
Quiet.unch. Steady at
® 1 point
1 @12
1
decline.
pts. adv.
pts. dec.
Steady at
1 @12
1
Steady at
pts. adv.
Steady at
5 @ 6 pts.
pts. dec.
Firm at
5H @ 6 ^
pts. adv.
Strong at
1 9 ^ @22
pts. adv.
Steady at
2 @ 5 pts.
decline.
Steady at
10 @15
pts. adv.
Spot.
Market
12:15
P. M.
1
J
Futures.
500
500
Easy at
Market
opened
1
J
Market
4
P . M.
}
}
J
10 @ 1
>1
Easy at
15 @15V£
pts. dec.
Quiet at
®1 Pt.
advance.
1,500
6V2 @7}4
pts. adv.
Noy.
17 lDOG.j
1*M
3
TH E CHRONICLE
D A I L Y C L O S IN G P R IC K S
The prices of futures at Liverpool for each day are given
f.-j •
below. Prices are on the basis of Uplands, Good Ordinary Cash c< r n . . . . . . .
o
clause, unless otherwise stated.
December delivery In elevator
The prices :r< .jirr/t in pence a n d tOOffts.
>
'
5 23 at, , ns
VS-100 tf.
V
Nov. 10
Mon.
Sat.
Tues.
Wed.
T h u rs.
Fr.
to
Nov. 16. 12 L i 12% 12 % 4 12 % • 12 % 4 12 % 4 12 % 4
<
p.m. p.m. p.m. p.m. p.m. p.m. p.nt. p.m. p.m. p.m. p.m. p.m.
d.
<.
/
d.
d.
d.
d.
(/
.
d.
d.
d.
,
25% 29 F 38 30 » • 40 i ■51 % 49 49 >. 5S ‘ . 64 V
..
19 23 3 1% 24 34 46 43 43 1. 52 1>58
IS 22 30 % 23 33 43 % 40 > 41 49 55
,
31 23 F 33 I, 44 40 % 40%. 48 % 54
18 1>
2 1 % 25 % 34 26 36 46 % 42 L 42 l.. 50 55
f> 2S % 38 % 49 44 % 44 % 51 % 56 f;
24 27 % 3
27
30 % 39 31 % 41 51 % 47
53'j 58 ' •
,
29 1; 33 41 % 34 43 V 54 40
49 % 56 60
____ 5 29 % 31 % 35 43 % 36 45 % 56 51 1. 5 1"... 58 62
,
J u ly -A u g . ___ 5 31 % 33 % 37
45 3S 47 V 58 53 % 53 59 63 F,
Xov ember
Nov.-Dee.
Dec.-Jan'.
Jan,-Feb.
Feb.-Meta.
Meta.-Apr.
Apr.-May
Mav-June
June-Julv
(I. | d.
---- 5 23
___ 5 16%
___ 5 16
. . . 5 16%'
___ 5 19 i.
___ 5 22
- 5 24 %
A ig.-S ept -------j ..............
Sept.-O ct.
—
40
33
42 H 52
48 % 47
5 3 % 57
January delivery In elevator
May delivery In elevator
DAILY CLOSIXG P R I C E S OF CORX FUTURES IN
December delivery In elevator.
May delivery In elevator
July delivery in elevator
Sat. M o n . T u es.
- .4 2 %
42
42 %
. .4 3 %
43 %
43 H
.- 4 4 I s 4 3 %
44%
C H IC A Q O .
F r i.
W ed. T hu rs.
42%
42%
42 %
43%
43 %
43 %
44%
44%
44%
Oats for future delivery at the W est have been firm in
the main, (hough the changes in prices have been rather
narrow. The strength of wheat, however, the smallness of
stocks and the light crop movement have been the dominant
influences. The cash markets, though quiet, have been
firm, and at the West prices have advanced. To-day the
market was dull but firm on light offerings and receipts and
covering of shorts.
D A IL Y
BREAD STUFFS.
O F N O .2 M I X E D C O R X IX N E W Y O R K .
S a t. M o n . T ues. W ed. T hurs.
F r i.
---- 54 ?.i
54 %
53 %
54 %
53
54 %
53 1 52 % 52 W
i
53 %
58
_ .5 2
51 %
5 1 '.
51 %
51
51 %
50 %
50 %
50 ; . 50 %
50 %
50%
C L O S IX G P R I C E S O F O E T S I N
M on.
S a f.
T u cs.
W ed.
M ix e d . 26 to
32 lb s ___
39
39
39
W h ite c lip
p e d . 36 to
.38 lb s -----39 % -4 2 39 >6-42 % 3 9 % - 4 1 %
39
NEW YOR K.
T hu rs.
39
3 9 % -4 1 %
F ri
39
39 > * -4 1 }* 3 9 % - 4 1 %
Fridai/, Nov. 16 1906.
D A I L Y C L O S IX G P R I C E S O F X O . 2 M I X E D O A T S IN C H IC A G O .
Prices for wheat flour have ruled steady in the main,
Sat. M o n . T ues. W ed .n T hu rs.
F r i.
34 %
34%
34%
34%
34%
D e ce m b e r d e liv e r y in e le v a to r .
34; i
though low grades have been heavy. The trading has con M ay d e liv e ry in e le v a to r ________ - . 3 5 %
35 %
35%
35%
35%
35 %
33%
33%
33%
33%
33%
tinued dull, and there is nothing in sight at the present time J u ly d eliv e ry In e le v a t o r — ------ . . 3 3 %
that seems likely to inject new life into the market in the
The following are the closing quotations:
near future. The exports from the seaboard of late have
FLOUR.
$2 80 @1 .3 10 K a n sa s s tra ig h ts .
S3 55 @ S3 05
been fairly large, but new business for export has remained L ow g r a d e s _____
2 05 @ 2 75 K ansas cle a rs ____
3 15 @ 3 30
S e co n d c le a r s ..
8 40 @ 3 05 B len d ed p a t e n t s . _
4 30 @ 4 90
stagnant. The recent advance in wheat prices has caused Clears __________
3 05 @ 3 75 R y e H our_________
3 75 @ 4 15
S tra igh ts ______
3 75 @ 4 00 B u ck w h e a t flour .
2 25 @ 2 30
mills to ask higher prices for flour, but buyers continue to P a te n t, s p r in g .
2 90 @ 3 75
P a te n t, w in ter .
3 50 @ 3 75 G raham flo u r____
operate on a hand-to-mouth basis. Rye flour has been K ansas p a ten ts
3 80 ® 3 90 C o r n m e a l________
2 60 @ 2 75
G R A IN .
quiet and steady. Corn meal has been dull and easy.
c.
W h e a t, per b u s h .—
c.
C orn , per b u s h .—
Wheat has advanced, partly owing to continued light re
.. f .o .b .5 4%
N . D u lu th , N o. 1 ________
82 %
N o . 2 m i x e d ____
. f . o .b . 5 4 %
N . D u lu th , N o. 2 . f . o . b .
81%
N o . 2 y e l l o w ____
ceipts at the Northwest, where at Minneapolis, for instance,
R ed w in ter. N o . 2 f .o .b .
82%
. f . o . b . 55
N o . 2 w h i t e _____
"
"
R y e , per b u s h .—
the stock is over 3,000,000 bushels smaller than at this time O aH ardM ix e d , b u s h .— f .o .b . 7 7 %
ts—
65 @ 66
N o . 2 W e s t e r n '..
. N o m in a l.
N o . 2 w h it e ____________ 3 9 % @ 4 0 %
S ta te a n d J ersey
last year. Moreover, the world’s shipments last week were
. . N o m in a l.
N o. 2 m i x e d ___________
B a rle y — W estern .
39
44%
some 2,600,000 bushels smaller than in the previous week
N o. 2 w h ite c lip p e d ___3 9 % @ 4 1 % F e e d in g . __________
and nearly 3,000,000 bushels smaller than in the correspond
A G R IC U L T U R A L D E P A R T M E N T ’S R E P O R T .— The
ing week last year. Exports have been pretty liberal, and Agricultural Department’s report on the cereal and other
there is increased difficulty in getting wheat through from crops was issued November 10, and is given below:
T h e C rop R e p o r tin g B oa rd o f th e B u reau o f S ta tistics o f th e D e p a r tm e n t
Buffalo, whereby exporters have been compelled to fill
o f A g ricu ltu re fin d s, fr o m th e re p o rts o f th e c o rre s p o n d e n ts a n d a g e n ts o f
freight engagements at the seaboard or else cancel their con the B u rea u , as fo llo w s :
T h e p relim in a ry retu rn s on th e p r o d u c tio n o f co rn in 1906 In d ica te a
tracts at a penalty. The winter-wheat receipts have also to ta l y ie ld o f a b o u t 2 ,8 8 1 ,0 9 6 ,0 0 0 b u sh els, o r an a v e ra g e o f 3 0 .2 b u sh els
a cre ,
c o p a re d w ith
a v e ra
y
e s ti
fallen off of late and the growing wheat is said to need rain. per ted in as 0 5,m26.8 bush els an 1904. g e d ie ld 0o f e28.8 vbeu sh elso fas fin abllysh els.
ma
19
In
a n a 1 -y a r a ra g e
25 .2 u
o th
lim
tes o y ld
ade t y
u b je t to
Frost has also been reported in Argentina. Some fears of a T h is a n dision e r npdreco r rinca ryn e s tim aa y bef foien d m r o p e r owdhaen a ree sfinal ce s ti
such rev
a
e tio as m
u
p
th
strike on trunk lines have had a more or less unsettling m a tes o f th e B ureau are m a d e n e x t m o n th .
T h e fo llo w in g ta b le show's fo r th e tw e n ty -fiv e p r in cip a l co rn S ta tes th e
effect at times, as likely to add to the congestion and delay p relim in a ry estim a tes o f a v era g e y ie ld p e r a cre in 1906, w ith th e final
estim a tes fo r 1905 "and 1904 a n d th e m ean o f th e a v e ra g e s fo r th e la st ten
at Buffalo, the principal seat of the grain congestion in this y ea rs. In bu sh els:
F in a l,
10 -near
N ov.
F in a l,
country at the present time. This congestion tends to keep
States—
1906.
1905.
averape.
1904.
34.5
I llin o is . . . . ____
_____ 36.1
39.8
36.5
seaboard business within moderate limits, while it also has Iow a
3 2 .4
___
. ____
...
39.5
34.8
32 .6
the effect of preventing any material increase of supplies N ebraska . . ____
2 8 .0
_____ 34.1
32.8
32.8
22.0
____ 28.9
27.7
20.9
________
here. Moreover, December liquidation has not been so K a n sa s
17.7
_____ 22.5
22.6
T e x a s ____
. .
21.3
heavy as was recently feared it might become at this time. M issouri . _ . _ ____
27.4
_____ 32.3
33.8
26.2
4 0 .7
31.5
3 4 .0
-.3 9 .0
M estern mills are good buyers of wheat when it can be ob In dian a _______ __
11 .9
10.5
G eorgia ____ .
______12.0
11.0
tained. The difficulty is to move the crop to the centres of K e n tu c k y _________
29.7
26.9
25.5
______33.0
24.6
21 .9
25.0
_____ 28.1
consumption, transportation facilities in this country being T en nessee . ___
32.5
34.8
O h _____
____ 42.6
37.8
overtaxed by bountiful crops and an enormous trade in all A laioa m a ____ ___
_ ...1 6 .0
15.0
b
12.6
14.8
13.9
15.2
13.4
X'orth C a r o lin a ..........
kinds of merchandise, whereby the tonnage offered to the
21.6
17.3
1 7 .S
A r k a n s a s ____________
railroads is exceptionally large. A t the same time specula M ississippi
14.7
14.3
19.1
. ____
tion is comparatively light, and the world’s available stocks, Indian T e r r i t o r y . . .
_____ 33.6
32.7
32 .4
25.9
22.1
28.1
25.3
in spite of everything, increased last week over 4,000,000 O k la h o m a . .....
9 .5
10.9
12.4
.
_ _ 1 2 .2
S ou th C a rolin a .
bushels as compared with an increase of only 1,090,000 V ir g in ia . ____ . . ..
23.3
2 1 .0
23.4
31.8
25.8
28.1
bushels for the same week last year. Besides, the foreign S ou th D a k o ta
26.9
29.1
32.5
M in n esota ___________
_____ 33.6
markets have shown no great advance, often, indeed, exhibit W is co n s in
37.6
2 0 .7
33 .2
... .
_____ 41.2
38.9
34.0
34 .5
10.2
ing more or less weakness, and Russian stocks are reported P en n sy lv a n ia . . .
u is ia n
.........
13.7
19.9
10.3
_____ 17.2
as 12,000,000 bushels larger than a year ago. There has at L oichigan a .......... _ _
28.6
32.2
M
_____
_____ 3 7 .0
34.0
times, too, been considerable liquidation of December wheat
26.8
25 .2
U n ited S t a t e s ___
_____ 30.2
28.8
here and at the W est, though this has been partly offset, it
is true, by purchases of May for the same interests. To-day
The indicated production of corn for the whole country
prices declined, owing to realizing, a lessened demand from for 1906 makes the following comparison with the results for
the shorts and selling for a decline.
the four preceding years:
D A I L Y C L O S IN G P R IC E S O F W H E A T F U T U R E S IN N E W Y O R K .
F r i.
S al. 2-Ion. T ues. W ed. T hu rs.
N o . 2 re d w in te r
. .
___
------ 8 1 %
82 »4 82
82%
82 K
81 %
8 2 1/ 82 H
D e ce m b e r delivers' In ele v a to r
82%
82%
____82
81 %
M a y d e liv e ry In e l e v a t o r ..
. . . 83 %
83%
85
85 %
84%
84%
D A I L Y C L O S IN G P R IC E S O F W H E A T F U T U R E S IN C H IC A G O .
S at. M o n . T ues. W ed . T hurs.
F r i.
D e ce m b e r d e liv e ry In ele v a to r ____ 72 H
74%
74%
73 %
74
72%
M ay d e liv e ry In e le v a t o r _______ ------ 7 7 %
79
79
79 H
78%
77
J u ly d e liv e ry In e le v a t o r _______ ____ 7 6 %
77%
78%
77%
76%
77%
Indian corn futures have been stagnant here and only
moderately active at the W est, and the fluctuations in prices
have been confined within extremely narrow limits. The
knowledge that the crop is large deters buying for an ad
vance. On the other hand, receipts continue moderate,
and there has been a better cash demand of late, partly for
export. The monthly Government report, issued on .Satur
day the 10th inst., indicated an average yield of 30.2 bushels
per .acre, or a total crop of 2,881,096,000 bushels. This re
port, although very bearish, had little effect, owing to the
dulness of the speculation. To-day the market was dull and
steady.
C O R X CROP FO R F IV E Y E A R S .
Corn.
I o w a .........
Illinois____
K ansas_
_
Missouri , .
Nebraska .
Indiana . .
O h io ..
Texas ____
Tennessee.
K en tu ck y.
Penn’a . . . .
Arkansas..
Wisconsin
Michigan
Minnesota.
Indicated
Production.
1906.
Bushels.
356,724.000
317-474.000
203,658.000
194.2S5.000
276,721.000
183.902.000
127.970,000
155,813,000
86,436.000
105.435.000
57,969.000
52.801.000
60,111.000
46.361.000
50.105.000
Production,
1905.
Bushels.
305.112.376
382,752,063
193,275,836
203,294,798
263,551,772
187.130,623
1 12.399,396
139.146,404
77,207.912
94,893,638
56.085,903
88,323.738
55.407,849
41.775.936
48.997.455
Production,
1904.
Bushels.
303.039,266
344.133,680
134.609,669
151,522,643
260,942,335
143,396,857
99,628,555
136.702,609
80,890,025
86,815.580
48.535,748
48.332.014
45,119.013
36,990,468
11,809,083
Production,
1903.
Bushels.
229.218.220
264.087,431
171.687.014
202,839,584
172,379.532
142,580.880
88,095.757
140,750.733
75,283,778
82,545.540
45.117,636
18,212.063
43.639.449
41.212,228
40.726.870
Production.
1902.
Bushels
297,686.010
.372,436,416
222.805,621
264.232.605
252.520,173
171,3.32.142
121.608.512
44.807.115
73,081,329
90.093.357
53.058.420
50.055.042
42.425.34 '
35,193.81 1
33.826,559
T ota l_ 2.305.528.000 2,199,355.699i 1,902.469.130 1,791.707.327 2.126.422,770
_
All other*.
505.011.804
452.409,598 .397.225.536
575.568,000 508,637.841
Total L*. 8 . 2.881,096.000 2.707.993.540 2.407,480,93 1 2,244.176.925 2,523.648.312
THE CHRONICLE.
1244
T h e general average a.s to q u a lity Is 8 9 .9 % , as c o m p a red w ith 90 .0 last
y ea r, «0 .2 In 1904 an d 83.1 In 1903.
It is estim a ted th at a b ou t 4 .4 %
o f the corn cro p o f 1903 was still In the hands o f farm ers on N o v e m b e r 1
1900, as co m p a re d with 3 .3 % o f the c ro p o f 1904 In farm ers' hand s on
N ov e m b e r 1 1905, 3 .6 % o f the cro p o f 1903 in fa rm ers’ hands on N o v e m b e r 1
1001 and 5 .2 % o f the cro p o f 1902 In fa rm ers’ h and s on N o v e m b e r 1 1903.
T h e p relim in ary estim a te o f the av erag e y ield per acre o f b u ck w h ea t Is
18.7 bushels, again st an average y ield o f 19.2 bushels as fin ally estim a ted
in 1905, 18.9 bushels In 1904 an d a 10-year average o f 18.1 bushels.
The
av erag e fo r q u a lity Is 9 0 .4 % , against 93 last y e a r , 91 .5 In 1904 a n d 91.4
in 1903.
T h e p relim in ary estim a te o f the av erag e y ield per acre o f p o ta to e s is
102.5 bu shels, again st an av erag e y ie ld o f 87 .0 bushels as finally estim a ted
In 1905, 110.4 in 1904 an d a 10-year av erag e o f 8 4 .4 . T h e a v era g e as to
q u a lity is 9 0 % , as c o m p a re d w ith 8 5 .4 % o n e y ear a g o , 93.4 in 1904 an d
80.4 in 1903.
T h e p relim in ary e stim a te o f the a v e ra g e yield per acre o f h a y Is 1.35 to n s,
against an av erag e yield o f 1.54 ton s as fin ally estim a te d in 1905, 1.52 tons
in 1904 a n d a 10 -yea r av erag e o f 1.44. T h e av erag e as to q u a lity I s 8 9 .9 % ,
again st 89 .8 o n e year a g o , 92 .7 In 1904 an d 91 .3 In 1903.
T h e p relim inary e stim a te o f the av erag e y ie ld per acre o f t o b a c c o Is
854.3 p o u n d s, as c o m p a re d w ith the final e stim a te o f 815.0 p ou n d s In 1905,
819 p ou n d s in 1904, an d an 8 -yea r average o f 763.6 p o u n d s. T he a v era g e
as to q u a lity is 8 4 .5 % , as c o m p a re d w ith 8 7 .3 % on e year a g o a n d 8 9 .5 %
In 1904.
T h e av era g e in d ica te d y ie ld p er acre o f th e v a rio u s crop s
fo r a n u m b er o f yea rs is as fo llo w s :
A V E R A G E Y IE L D P E R A C R E .
1906. 1905. 1904. 1903. 1902. 1901 . 1900. 1899.
25.5
16.7 25.3
25.3
26.7
26.8
28.8
C o r n ________ --b u s h e ls - 30.2
18.6
16.6
19.2
17.7
15.0
18.9
18.1
B u c k w h e a t -- ...b u sh e ls- 18.7
88.6
96.0
65.5 80.8
P o t a t o e s ___ _ . b u sh e ls. 102.5 87.0 110.4 84.7
1.52
1.54
1.50 1.28
1.35
1.54
1.28
H a y ________ _____ t o n s . 1.35
—
—
T o b a c c o ____ . p ou n d s 854.3 815.6 819.0 786.3 797.3 —
T h e in d ica te d y ie ld o f th e p rin cip a l cro p s fo r 1906 is as
fo llo w s , th e tota l cro p s as r e p o rte d b y th e A g r icu ltu ra l D e
p a rtm e n t fo r 1905, 1904 a n d 1903 b e in g a p p e n d e d fo r c o m
p arison :
1906.
1905.
1904.
B u s h e ls .
B u s h e ls .
B u s h e ls .
1903.
B u sh els.
C om
___ 2,8 8 1 ,0 9 6 ,0 0 0 2 .7 0 7 ,9 9 3 ,5 4 0 2 ,4 6 7 ,4 8 0 ,9 3 4 2 ,2 4 4 ,1 7 6 ,9 2 5
W in te r w h eat - 49 3,43 4,00 0
42 8,4 6 2 ,8 3 4
3 3 2,93 5,34 6
39 9,86 7,25 0
S prin g w h e a t___ 2 4 6,44 9,00 0
2 6 4,51 6,65 5
219,464,171
237,95 4,58 5
Oats ____________ 86 3,3 5 2 ,0 0 0
9 5 3,21 6,19 7
8 9 4 ,5 9 5 ,5 5 2
78 4,094,199
B a r le y ___ 14 7,95 2,00 0
13 6,65 1,02 0
1 3 9,74 8,95 4
131,861,391
R y e ______
27 ,500 ,000
27 ,616 ,045
27 ,234 ,565
29,363 ,416
T o t a l _________ 4 ,6 5 9 ,7 8 3 ,0 0 0 4,5 18,4 56,2 91 4 ,0 8 1 ,4 5 9 ,5 2 2 3 ,8 27.3 17,7 66
For oth e r tables usually
g i v e n h e r e , s ee p a g e
1209
T H E DRY GOODS T R A D E .
[V oiu lu xxxm .
B u y in g o f b le a ch e d g o o d s co n tin u e s b u t is n a tu ra lly lim ite d ,
o w in g to th e s c a r c ity o f a v a ila b le su p p lies; n o d ifficu lty is.
e x p e r ie n c e d in o b ta in in g fu ll ask in g p rices. T h e d om estic
and e x p o r t d em a n d fo r d u ck h as been g o o d an d p rices are
m a te ria lly h igh er.
M ills are so ld u p in som e cases as far
ah ead as n e x t M ay. T ic k s , d en im s and o th e r co a rse , co lo re d
c o tt o n g o o d s are well c o n d itio n e d an d n o t o n ly h ave m an u
fa ctu re rs all th e business o n h an d th a t th e y can a tte n d t o ,
b u t th e y are less w illin g sellers at cu rren t p rices.
L in in g s
are firm a t th e recen t a d v a n ce s an d are in fair requ est.
N a p p e d g o o d s are ste a d ily h eld in the p rim a ry m a rk et an d
jo b b e r s an d retailers co u ld n o t d u p lica te th eir p resen t
s to ck s at th e p rice a t w h ich th e y are sellin g g o o d s . T here
is no q u o ta b le ch ange in g in g h a m s b u t th e y h a v e been
m o d e r a te ly a c tiv e .
F a n cy p rin ts h a v e b een a d v a n c e d and
a fu rth e r h ard en in g o f p rice in sta p les w ou ld n o t surprise
th e tra d e.
P rin t clo th s are ste a d y at recen t p rices and
tra d e has been q u ie t.
W O O L E N G O O D S .— T h e c o n d itio n o f th e m en 's w ear
w o o le n and w o rste d g o o d s m a rk et is h e a lth y and d u p lica te
ord ers h a v e been co m in g in w ell d u rin g th e w eek .
It is
n o tice a b le th a t in th ese ord ers th e p ro p o rtio n o f w oolen s
is in crea sin g and th eir p o sitio n a t th e en d o f th e season is
lik e ly to be b e tte r th a n m a n y had b e lie v e d at th e o u tse t.
I t is essen tia lly a w orsted sea son , h o w e v e r, an d th ere is
n o ch a n ce o f w oolen s o c c u p y in g th e p rem ier p la ce .
A
g o o d business has been passin g in o v e r co a tin g s a n d in som e
in sta n ces o p e n in g s o f th e ch ea p er lines fo r n e x t y ea r h a v e
been n o te d .
K erseys are re p o rte d as b e co m in g sca rce and
h a v e m e t w ith a g o o d d e m a n d , w h ile fa n c y coa tin g s h a v e
g en e ra lly sold w ell.
T o u rist coa tin g s also h a v e m a in ta in ed
th eir p o p u la r ity .
C a n cella tion s in th e m e n ’s-w ear m ark et
h a v e th is-se a so n been p a rticu la rly sm all so fa r, a n d , w ith
d u p lica te business co m in g in fre e ly , agen ts an d m a n u
fa ctu rers arc fu lly satisfied w ith co n d itio n s; s to ck s are sm all,
th e d em a n d is g o o d an d p rice s are v e r y firm ly h eld w ith n o
lik e lih o o d o f recessions.
T ra d in g in th e dress g o o d s m ark et
has been so m e w h a t less a c tiv e and q u ietn ess is e x p e c te d to
p re v a il s h o rtly u ntil a fter th e h o lid a y season . T h e m ark et
is g e n era lly in a sa tisfa c to r y co n d itio n b u t th ere are som e
co m p la in ts o f slow n ess in d e liv e r y o f sam p le p ieces. T he
d em a n d fo r b r o a d c lo th s in th e p rim a ry m ark et is fa llin g
o ff b u t a g o o d business has c o n tin u e d in c h e v io ts , clo th
p la id s and also in b a tiste s, p a n a m a s, v o ile s , e tc.
anuf,
Woe
C ott
Silk
Flan
iscel 1
anuf
W oe
C ott
Silk
F la j
iscel
New Y ork, F riday Night, November 16, 1908.
T ra d in g in th e c o tt o n g o o d s m a rk e t has b e e n o f a h e a lth y
F O R E I G N D R Y G O O D S .— I m p o r te d w o o le n a n d w orsted
ch a ra cter d u rin g th e w eek an d p rices h a v e been fu lly m a in
dress g o o d s are sellin g w ell fo r d ista n t d e liv e r y a t h igh
ta in e d .
T he te n d e n c y , in fa c t , has ra th er been to w a rd s p rice s.
Silks con tin u e to sh o w so m e im p ro v e m e n t. L in en s
h ig h er p rices an d sellers w ere less w illin g to co n sid e r lo w e r h a ve again been a d v a n ce d b u t the d e m a n d is g o o d .
B u r
offers fo r h e a v y g o o d s th a n th e y w ere d u rin g th e p re v io u s lap s are firm and u n ch a n g e d .
J I.A'U L lU lO
w eek ; on e o f th e reasons fo r th is was th a t th e slig h t a c c u m u AL p l iiC b X
T h e im p o rta tio n s a n d w a reh ou se w ith d ra w a ls o f d r y g o o d s
la tion s w h ich resu lted in th e a cce p ta n ce o f lo w e r p rices had
been a b so rb e d . T h ere w as a d e c id e d d is p o s itio n o n th e p a rt a t this p o r t fo r th e w e e k e n d in g N o v e m b e r 10 1906 an dsin ceJ a n . 1 1906, and fo r th e co rre sp o n d in g p eriod s o f la st y e a r ,
o f co n v erters an d oth ers to c o n tr a c t fa rth er ah ead at cu rren t
are as fo llo w s:
p rices and th e a ctio n o f jo b b e r s in d ica te d th a t th e y b elie v e
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Nov. 17 IO 6
O .1
S tate
THE CHRONICLE
C ity UtiwnvrENT.
Albany, N. Y . — Bond Offering. — Proposals will be received
until 11 a. m. Dec. 3 b y H ow ard N . Fuller, City C om p
troller, for the follow in g bonds:
5100,000
News Items.
100,000
Manila, Philippine Islands.—Bond Offering.—Subscrip
tions will be received until 2 p. in. Dec. 19 by ('apt. Frank
McIntyre, Acting Chief of Bureau of Insular Affairs, War
Department, Washington, for $2.000,000 4% gold registered
sewer and water-works construction bonds. Denomina
tions. $1,000 and $10,000, as desired- Date Jan 2 1907.
Interest payable quarterly. Maturity thirty years, subject
to call after ten years. Securities are exempt from all taxa
tion. Federal, State or local, either in the United States or in
the Philippine Islands.
These bonds are part of an authorized issue of $4,000,000,
SI .000,000 of which were disposed of on May 25 1905.
The Secretary of the Treasury authorizes the statement
that these sewer and Swater-works construction bonds
of the city of Manila will be accepted by the Treasury De
partment as security for deposits of public money of the
United States in national banks whenever further deposits
may be made, and may be substituted for United States
bonds now held as security for deposits on condition that
the United States bonds thus released be used as security for
additional circulation when, in the judgment of the Secretary
of the Treasury, it is desirable to stimulate an increase in
national bank circulation.
The legality of this issue has been passed upon by the
Attorney-General of the United States. Certified check for
2% of the actual amount of bid is required. Bonded debt
of the city of Manila at present is $1,000,000. Assessed
valuation for 1900 $62,939,738, of which $40,262,617 50 is
subject to taxation and $22,677,120 50 is exempt. Value
of real estate and improvements owned by city, $2,372,752.
Minnesota.— Constitutional Amendments Carry.—From re
turns published in local papers it would seem that all three
of the Constitutional amendments submitted to a vote on
Nov. 6 carried. The first of these relates to taxation and
strikes out from the Constitution Sections 1, 2, 3, 4 and 17
of Article 9 and substitutes a new Section, No. 1, which
greatly enlarges the power of the Legislature with reference
to taxation. The second amendment relates to State roads
and the third permits the sale of farm and garden products
by the cultivator thereof without a license.
Missouri.—Constitutional Amendment.—St. Louis papers
state that the amendment to Section 12, Article X of the
Constitution, submitted to a vote on Nov. 6. was ratified
by the electors. This amendment provides that the 5%
debt limit prescribed in the Constitution may be exceeded
‘•'for the grading, constructing, paving or maintaining of
paved, graveled, macadamized or rock roads, and necessary
bridges and culverts therein,” provided such indebtedness
be authorized by a two-thirds vote.
Nebraska.—Constitutional Amendment Ratified.—We are
advised that the amendment to the State Constitution pro
viding for a State Railway Commission of three members
was ratified on Nov. 6 by an almost unanimous vote. See
V. S3, p. .510.
1245
84,000
4 % registered water-refunding bonds.
Denomination $ 5 ,0 0 0 .
Maturity $5,000 yearly on Dec. 1 from 1907 to loro Inclusive.
4 % registered Improved water-supply bonds.
Denomination
5 1 ,000.
Maturity 55,000 yearly on Dec. 1 from 1907 to 1926
Inclusive.
4 % registered
Improvement
bonds.
Denomination
58 ,4 0 0 .
Maturity $8,400 yearly on Dec. I from 1907 to 1916 Inclusive.
The above bon ds are dated D ec. 1 1906. Interest sem i
annually b y check. Certified check for 2 % o f the bon ds bid
for, payable to O tto Jantz, City Treasurer, is required.
Bonds will be ready for delivery on or abou t D ec. 15. A c
crued interest to be paid b y purchaser.
Albert Lea, Freeborn County, Minn.— Bonds Voted.— A t
the general election N ov . 6 this city authorized an issue o f
$20,000 sewer bonds b y a v o te of 531 to 305. D etails o f
bonds and date o f offering n ot y e t decided.
Altoona, Pa.— Bond Sale.— This city recently awarded
$200,000 4 % w ater bonds to N. W . H alsey & Co. of New
Y ork City at private sale.
Ambridge (Borough), Beaver County, Pa.— Bonds Not
Sold.— No award has y e t been m ade o f the $20,000 4 %
cou pon street-im provem ent b on d s offered on O ct. 1
V. S3, p. S45.
See
Amesbury, Essex County, Mass.— Price Paid for Bonds .—W e are advised that the price paid b y N. W. Harris & Co. of
B oston for the $267,000 4 % coupon w ater-plant bon d s
awarded to them on O ct. 10 was 101.652 and interest. D e
nom ination $1,000. D ate July 1 1906. In terest sem i-annual.
M aturity yearly on July 1, $10,000 from 1909 to 1932 in
clusive, and $9,000 from 1933 to 1935 inclusive.
Amory, Monroe County, Miss.— Bond Offering. — Proposals
will be received until 2 p. m . Dec. 4 b y J. M. Clay, City
Clerk, for $14,000 5 % gold cou p on school-house b on d s.
D enom ination $700. Date day of sale. Interest annually
in A m ory. M aturity $700 yearly.
Bonds are exem p t from
taxation . B onded d eb t, this issue. Assessed valu ation for
1906, $500,000.
Andrews, Cherokee County, N. C.— Bond Election.— An
election will be held in this district to -d a y (N ov. 17) to vote
on the question o f issuing $12,000 6 % w ater-w orks and
sewerage b on ds. Interest sem i-annual.
Ashtabula, Ashtabula County, Ohio.— Bonds Defeated.—
A proposition to issue $25,000 bon d s for the purchase of
prop erty for park purposes was defeated on N ov. 6.
Ashtabula School District (P. O. Ashtabula) Ashtabula
County, Ohio.— Bonds Voted.— The prop osition to issue the
$40,000 4)% % 20-year sch ool-b u ild in g bon d s m entioned in
V . 83, p. 1133, received a fa vora b le v o te on N o v . 6.
Ballston Spa, N. Y . — Bond Sale.— On N ov . 1 an issue of
$14,500 4 % refunding water bon ds was sold to the B allston
Spa National Bank, for local parties, at par. D enom ination
$500. Date N ov. 1 1906. Interest an nu al. M aturity $1,000
yearly on N ov. 1.
Basil, Fairfield County, Ohio.— Bond Sale.— On N ov. 2
the $1,000 4 % 2 -11-year (serial) registered street-im prove
ment, bonds dated S ept. 15 1906 and described in V . 83,
p. 1133, were aw arded to Cynthia A. B randt at 101.50— a
basis of abou t 3 .7 4 8 % .
Battleford, Sask.— Debenture Sale.— On O ct. 30 $2,000 6 %
Bond Calls and R edem ptions.
sidewalk debentures were awarded to G eo. A . Stim son & Co.
Cleburne, Johnson County, Tex.— Bond Call.— T he follow of T oronto at 100.15 and accrued interest. Securities are
ing bonds are called for payment at the Seaboard National dated July 2 1908 and m ature part yearly for seven years.
Bay Saint Louis, Hancock County, Miss.—
Bank in New York City or at the office o f E . H. R ollins & ized.— It is stated that the issuance o f $4,000Bonds Author
school b on d s
Sons in Boston, Mass., or Chicago, 111.:
has been ordered b y the M ayor and the B oard of A ld erm en .
58.000 6 % 10-40-var (optional) improvement bonds Nos. 1 to 8 inclusive,
Benton County (Wash.) School District No. 2 2 . — Bond
dated April 1 1805.
Interest April and O ctober.
4,000 6 % 10-40-year ^optional) permanent- im provem ent bonds Nos. 1 to
Offering.— Proposals will be received until 10:30 a. m .
4 inclusive, dated June 1 1896.
interest January and Ju ly.
10.000 6 " i 10-40-year (optional! street and bridge bonds Nos. 1 to 10 in N ov. 24 b y C. O. K elso, C ounty Treasurer, P . O. Prosser,
clusive. dated June 1 1896.
Interest January and Ju ly.
for $4,000 10-20-year (option al) coupon sch ool-bu ildin g
bonds at n ot exceeding 6 % interest, payable annually at the
Denomination $1,000. Interest ceases Dec. 1 1906.
The ojj cial notice of this bond call will be found among the office o f the C ounty Treasurer. B onded d eb t, this issue.
Assessed valuation for 1906, $104,610.
advertisements elsewhere in this department.
Billings County (P. O. Medora), N. D. —Bonds Defeated.—
United States of Mexico.— Bond Call.— A tten tion is di The proposition to issue the $10,000 5 % 10-year court-house
rected to the avertisement of Speyer & Co. elsewhere calling and jail-building bon ds m entioned in V. 83, p. 511, was
for payment Dec. 1 of certain bonds of the U nited States lost on N ov. 6 b y 16 v otes.
Biloxi, Miss.— Bond Sale.— On N ov. 8 the $25,000 5 %
of Mexico Series “ A ” and “ B ,” bearing date O ct. 31 1904.
Bond Proposals and Negotiations
10-20-year (optional) cou pon additional w ater-w orks bonds
described in V. 83, p. 1055, were awarded to E m ery, A nder
this week son it Co. o f Cleveland at 101.524 and accrued interest— a
basis o f abou t 4 .8 0 % to the optional date and 4 .8 8 % to full
m aturity. F ollow ing are the bids:
have been as follows:
Adams County (P. O. West Union), Ohio. Bond Bale.
On Nov. 12 the $08,000 3t^% coupon turnpike refunding
bonds described in V. 83, p. 1187, were awarded to the
Wilson Worthy Poor Fund Trustees, Securities are dated
Nov. 12 1906. Maturity $20,000 in ten years, 820,000 in
fifteen years and $28,000 in twenty years.
Alameda County (Cal.) Union High School District No. 4.
— Bonds Voted.—We have just been advised that this dis
trict on Sept. 29 authorized the issuance of $125,000 5%
high-school-building bonds by a vote of 427 to 117. De
nomination $500. Interest semi-annual. Maturity $6,500
yearly for the first ten years and $6,000 yearly for the next
ten years.
Em ery, Anderson & C o ..
IA. J. Hood & Co.,D e'rolt«$2r>,l 26 50
C levelan d_____
- «25,381 QOl W. J. Hayes & Sons,Cleve.(i2."),007 00
it Anil Interest.
Blue Springs School District (P. O. Blue Springs), Jackson
County, Mo.— B o n d s Registered.— An issue of $8,000 5 %
bonds o f this district has been registered b y the State A udi
tor. D enom inat'on $800.
Bowling Green School District (P. O. Bowling Green),
Warren County, K y .— B o n d s V o t e d . — The election N ov. 6
resulted in favor o f issuing $20,000 4 % school-house bon d s.
Brackenridge, Alleghenv C ounty, Pa.— Bouts Withdrawn
rum Market.— W e are advised th at the $14,000 4! •_»% 20-
1246
THE CHRONICLE.
year coupon paving and sewer b on ds, bids for w hich were
rejected on Sept. 18, have been withdrawn from the market
for the present.
Buchanan County (P. O. St. Joseph), Mo.— N o Bond
E lection.— W e are advised that the election held N ov. 6 was
n ot to authorize, the issuance o f $100,000 jail-building b on d s,
as stated in V. 83, p. 1055, but to provid e a “ special assess
m en t” to pay for the building.
Buffalo, N. Y . — Bond Issu e.— The issuance o f $12,879 58
4% D epartm ent o f P ublic W orks bon d s, dated N o v . 1 1906
and m aturing N ov . 1 1907, has been authorized. Loan is
to be taken b y the H ertcl Outlet Sewer Sinking Fund as an
investm ent.
Burt County (P. O. Tekamah), Neb.— Bonds Defeated.—
The election N ov. 6 resulted in the defeat of the proposition
to issue the $80,000 4 % court-house bonds m entioned in
V. 83, p . 923.
Camden County (P. O. Camden), N. J.— Bond Sale.— On
N ov. 12 the $56,000 4 % 14 3-5-year (average) roa d -im
provem en t bonds described in V. 83, p. 1133, were awarded
to E . H . R ollins & Sons o f B oston at 100.834. The bids were
as follow s:
E. H. Rollins & Sons, B o s t o n .100.834 | . B. Leach & C o., N. Y ____100.285
A
N. W . Harris & C o., N. Y . ._ 100.424 IH oward K. Stokes, N. Y_ . 100.20
John D. R veritt & C o., N. Y .100.41 |
Cameron, Clinton County, Mo.— Bonds Registered.— The
State A uditor on N ov . 5 registered $4,500 5% electric-lightextension bonds o f this city . D enom ination $500.
Canadian County (P. O. El Reno), Okla.— Bonds Defeated.
— The election N ov. 6 resulted in the defeat o f the proposition
to issue the cou nty-h igh -sch ool bonds m entioned in V . 83,
p. 1056. The vote was 1080 “ fo r ” to 2040 “ again st.”
Carrollton, Carroll County, Ky.— Bonds Voted— Bond
O ffering.— On N ov. 1 this city authorized the issuance of
$25,000 5 % coupon w ater, light and street bonds b y a v ote
of 305 to 30. Proposals for these bon ds will be received un
til 7:30 p. m ., Dec. 5, b y W m . F. Schuerm an, M ayor. De
nom ination $500 or $1,000, as purchaser desires. Date
Jan. 1 1907. Interest sem i-annually at place designated b y
purchaser. M aturity $1,000 yearly from 1908 to 1922 in
clusive and $2,000 yearly from 1923 to 1927 inclusive.
B onds are free fr o m ’taxation. Successful bidder to furnish
blank bonds at his expense.
Cavalier County (P. O . Langdon), No. Dak.— Bonds D e
feated.— The question of issuing $12,000 hospital bonds
failed to carry on N ov. 6.
j VOL. LXXXI1I.
$1,399 61 5 % l-lO -jm ar (serial) Mary Street im provem ent
bon ds dated Jan. 1 1907. Interest annually in C ovin gton .
Cranston (P. O. Station No. 31, Providence), Providence
County, R. I.— Bonds Proposed. — A proposition to issue
$100,000 school-building bon ds will be discussed at a tow n
meeting to be held the latter part o f this m onth.
Crowley, Acadia Parish, La.— Bonds Voted.— The p rop osi
tions to issue the 850,000 sewer, $20,000 water-works and
$30,000 school bonds m entioned in V. 83, p . 1056, received
a large m a jority on N ov . 5.
Cuyahoga County (P. O. Cleveland), Ohio.— Bonds Voted •
— This cou n ty on N ov. 6 authorized, b y a m ajority of 6,592
the issuance o f n o t exceeding $60,000 toll-road-purchast
bonds.
Dallas, Paulding County, G a . —Bond O ffering .— Proposals
will be received until 3 p. m . D ec. 1 b y W . O. H itch cock ,
M ayor, for $20,000 5 % gold coupon water bonds. D enom i
nation $1,000. Interest sem i-annually in Dallas. Maturity
1936. Certified check for $500, payable to W . Z. Spinks,
City Clerk and Treasurer, is required. B onded d ebt, this
issue. Assessed valuation 1906 $500,000.
Davidson County (P. O. Nashville), Tenn.— Bonds Voted.
— The election N ov. 6 on the question o f issuing bridge bonds
resulted in a v ote of 4,491 to 1,368 in fa v or of the proposition ,
Decatur County (P. O. Leon), Iowa.— Bonds Voted.—-The
election N ov. 6 resulted in fa v or of issuing the $70,000 4%
10-year court-house bonds m entioned in V . 83, p . 1133.
Del Mar School District (P. O. Del Mar), San Diego
County, Cal.— Bonds Voted.—-The electors o f this district at
the election Oet. 27 authorized the issuance o f the $1,000
6 % 1-10-year (serial) repair bonds m entioned in V. 83,
p. 1056. There were 15 votes cast, all of -which -were in
fa v o r of the issue. These b on ds, we are in form ed, will be put
on the market in January.
East Cleveland School District, Cuyahoga County, Ohio.—
V ote.— W e are advised that the v ote on the $50,000 sch ool
building bonds authorized at the election N ov . 6 was 485
“ fo r ” to 189 “ again st.” Details of issue and date of sale not
yet determ ined.
Edwardsville, Madison County, 111.— Bond Sale. — This
city has disposed of the $20,000 sewer, city-h all and fireapparatus bonds to local banks.
El Cajon Valley Union High School District, Los Angeles
County, Cal.— Bonds V oted . — B y a v ote o f 56 to 3 the electors
Celina School District (P. O. Celina), Mercer County, of this district on O ct. 27 authorized the issuance o f the
Ohio.— Bonds Voted.— A v o te of 360 “ fo r ” to 250 “ against” $12,000 5% 1-12-year (serial) school-building bonds m en
was the result of the election held in this district N ov. 6 for
the issuance o f $15,000 4 % school-house bonds.
■Charleston, Kanawha County, W . Va.— Bond E lection . —
On N ov . 19 an election will be held in this city to v o te on the
question o f issuing $250,000 4J^% 20-34-year (optional)
bridge and sewer bonds.
Clay County (P. O. Vermilion), S. D.— Bonds Defeated.—
The voters of this cou n ty on N ov . 6 defeated a proposition
to issue $40,000 court-house bonds.
Cleveland, Ohio.— Bonds Defeated.— A t the general election
N ov. 6 the voters defeated a proposition to issue $200,000
W est Side B oulevard bonds.
Clinton County (P. O. Plattsburg), N. Y .—Bond Offering.
— Proposals will be received until 12 m . N ov. 26 b y A n
drew W illiam s, County Treasurer, for $60,000 4 % coupon
asylum -building bon ds. Denom ination $1,000. Date Dec.
1 1906. Interest annually in Plattsburgh. M aturity Dec.
1 1921. Securities are tax-exem p t.
tioned in V . 83, p. 924.
Interest payable in San D iego.
Elwood, Gosper County, Neb.—Bonds to be Offered Shortly.
— W e are advised that the $12,000 5 % 5-20-year (optional)
w ater-w orks bonds voted on Sept. 18 will be offered on or
before Jan. 1 1907.
Elyria School District (P. O. Elyria), Lorain County,
Ohio.— Bonds Voted.— On N ov . 6 this district authorized
an issue of $50,000 school-house bonds b y a-vote of 1,240 to
282.
Emaus, Lehigh County, Pa.— Bond Offering.-— Proposals
will be received until about Dec. 15 (date not definitely fixed)
b y R ob ert S. Stonebock,. Secretary to Council, for $4,500 4 %
coupon water-works-extension bonds. D enom ination $100.
Date Jan. 1 1907. Interest sem i-annually in Em aus. Ma
turity tw enty years, subject to call after five years. Bonds
are exem pt from taxation. Certified check for 1 0 % , p a y
able to E. E. L orentz, Borough Treasurer, is required.
B onded d ebt, not including this issue, $17,445. Assessed
valuation for 1905, $981,000.
Coffeyville School District (P. O. Coffeyville), Mont
Everman Independent School District (P. O. Everman),
gomery County, Kan.— Bond S ale . — On O ct. 12 $35,000 Tarrant County, Te x .— Bond Sale.— On N ov . 9 $4,000 5%
5 % 20-year building bon ds dated July 1 1906 were awarded
to Spitzer & Co. of T oledo for $35,890, or 102.542. D e
nom ination $1,000. Interest sem i-annual. These securities
take the place of the $35,000 4j/£% bonds awarded on April
20 to John Nuveen & Co. o f Chicago (V . 82, p . 1000) which
sale was never con su m m ated .
Columbus, Ohio.— Bond Sale . — On N ov. 15 the seven
issues of 4 % and 4J^% bon ds described in V. 83, p . 1187,
were awarded to the Ohio National Bank o f Columbus and
Seasongood & Mayer of Cincinnati as follow s:
$25,000
50.000 4 %
50.000 4 %
50.000 4 %
50.000 4 %
60.000 4 %
12.000 4 %
coupon public-im provem ent. N o. 6 (city ’s portion) bonds
dated March 31 1906 and m aturing Sept. 1 1916 at 105.052
and accrued interest.
coupon public-im provem ent No. 7 (city ’s portion) bonds,
dated M ay 1 1906 and m aturing Sept. 1 1916 at 101.052 and
accrued interest.
coupon public-im provem ent No. 8 (city ’s portion) bonds.
dated June 15 1906 and maturing Sept. 1 1916 at 101.052 and
accrued interest.
coupon public-im provem ent No. 9 (city ’s portion) bonds.
dated Aug. 1 1906 and m aturing Sept. 1 1916 at 101.052 and
accrued interest.
coupon public-im provem ent N o. 10 (city ’s portion) bonds,
dated Sept. 1 1906 and m aturing Sept. 1 1916 at 101.052 and
accrued interest.
coupon Russell Street relief sewer bonds, dated M ay 1 1906
and m aturing Sept. 1 1936 at 103.685 and accrued interest.
coupon Kossuth Street bonds, dated M ay 1 1905 and m aturing
Sept. 1 1915 at 100.875 and accrued interest.
The Russell Street bonds were disposed of on abou t a
3 .7 9 3 % basis and the remaining issues on about a 3 .8 8 %
basis.
Covington, Ky.— Bond O ffering . — Proposals will be re
ceived until 5 p. m. N ov. 19 b y John J. Craig, City Clerk, for
20-40-year (optional) school-house bonds o f this district
dated O ct. 1 1906 were purchased b y the State Board of
E ducation on a 4 t£ % basis.
Fairbury, 111.—Bond Sale.— On O ct. 17 $6,000 5 % 7-12year (serial) w ater-w oiks-im provem ent bon ds dated A ug. 1
1906 were awarded to the First National Bank o f Fairbury for
$6,080 (101.333) and accrued interest. Denom ination
$1,000. Interest annually in M ay. These bon ds take the
place o f the securities awarded as 4s on Sept. 17 to S. A .
■Kean of Chicago (V . 83, p. 714), which sale was never con
sum m ated.
Franklin County (P. O. Meadville), Miss.—Bond Election.
— We are inform ed that an election -will be held in this
cou n ty Jan. 22 1907 to v ote on the question of issuing the
$60,000 bridge bonds m entioned in V . 83, p. 847.
Fremont, Ohio.— Bond O ffering.— Proposals will be re
ceived until 12 m . D ec. 10 b y the C ity A uditor for $12,050
4j/2% coupon funding bonds. Denom ination $1,000. e x
cept one bon d for $1,050. Date N ov. 1 1906. Interest
A pril 1 and O ct. 1 at the office o f the Sinking Fund Trustees.
M aturity $1,000 every six m onths from A pril 1 1915 to A pril
1 1920 inclusive and $1,050 O ct. 1 1920. Certified check on
a local bank for 5 % o f the bonds bid fo r, payable to the City
Treasurer, is required. A ccrued interest to be paid b y pur
chaser.
Bond Sale.— On N ov. 14 the $1,247 4 )/£ % South High
Street sewer bonds described in V. 83, p. 1056, and V . 83,
p. 1134, were awarded to the Croghan Bank & Savings Co.
Nov. 17 1906. J
o f
F re m o n t
th e
a t
THE CHRONICLE
1 0 0 .8 0 1
a n d
a ccru e d
in te re st.
F o llo w in g
in V. 83, p. 1134, was 226 to 52. M aturity from 1908 to
1927 inclusive. Date o f sale n ot yet determ ined.
In gersoll, O n t.— Debenture Offering.— Proposals will be
received until N ov . 24 b y \V. R. Sm ith, T ow n Clerk, for
$20,000 4 j L%
)
debentures. Interest annual. Maturity
part yearly for tw enty years, beginning N ov. 15 1907.
Iron ton , L aw rence C ounty, O h io.— Bond Award.— On
N ov. 9 the $50,000 4 % 20-year coupon w ater-w orks bon d s,
bids for which were received on N ov. 8, were awarded to
W eil, ltoth & Co. o f C incinnati at their bid of 101.9115— a
basis o f abou t 3 .8 6 2 % . For list of bids sec V. 83, p. 1188.
Jackson County (P. O. In d ep en d en ce), M o .— Bonds
Voted.— The election NoAr. 2 resulted in fa v or of the issuance
o f the $250,000 4 % 5-20-year (option al) cou n ty-h om e
bonds m entioned in V. S3, p. 925.
are
b id s:
Croghan Bank & Savings Co.. Fremont
. . —
Security Savings Bank & Trust Co.. T oled o----- ------
................ n jl.257 00
- . .
. <$ i .25'$ 25
i
a And accrued Interest.
G a rre ttsv ille ,
P ro p o sa ls
G a tes,
P o rta g e
w ill
b e
V illa g e
b o n d s .
C lerk ,
A u th o r ity
S ta tu tes.
terest
S e p t.
C e rtifie d
15
ch e ck
re q u ire d .
fo rm s
G a s
to
to
fu rn is h
b e
Bond Offering.—
o f th e
m en t
b o n d s
th ese
secu rities
R a m s e y ,
39S ,
C lerk
L a w s
1906.
m e n tio n e d
o f
o f
1905.
a re
a t
S3,
15
1911.
T rea su rer,
w ith o u t
is
S u c
ch a rg e,
h a n d
p .
a n d
D e n o m in a tio n
20
b y
th e
$ 1 ,0 0 0 .
fo r
H .
A u th o r ity
th e
to
im p r o v e
P ro p o sa ls
N o v .
D .
Jasper Savings & Trust Co.
ISecurity Savings Bank &
Bensselaer _ . . . _____ a $ l,568 801 Trust C o., T oledo
a$l,565 80
C h a p te r
D a te
J u ly
fisca l
K a n sa s
Jasper County (P. O. R ensselaer), In d .— Bond Sale.— On
N ov . 10 the 81,548 80 6 % cou pon H aynes D itch assessment
bon ds described in V. 83, p. 1057, Avere aAvarded to the
Jasper Savings and Trust Co. of Rensselaer at 101.291 and
accrued interest. F ollow ing are the bids:
K a n .—
rela tiv e
1057.
u n til
at
C o u n ty ,
fu n d in g
E d u ca tio n .
se m i-a n n u a lly
In
M a
p u rch a se r.
A lle n
c o u p o n
V .
R e v is e d
v illa g e .
re ce iv e d
B o a rd
In terest
G a s ),
R .
1 90 0.
S e p t.
co u p o n s ,
O .
in
be
b y
A .
o ffice .
V illa g e
p a id
th e
g o ld
th e
15
a fter
th e
a n d
d e ta ils
5 %
w ill
b e
o f
S e p t.
ca ll
to
b y
w a te r-w o rk s
T re a su re r’s
b y
(P .
F u rth er
8 5 ,0 0 0
to
b o n d s
a p p r o v e d
D is trict
2 8 3 6
D a te
p a y a b le
to
20
c o u p o n
V illa g e
in te re st
N o v .
a n d
2 8 3 5
su b je ct
$ 30 0,
m .
4 %
$ 50 0.
th e
1910,
fo r
S ch o o l
o ffe rin g
a t
12
S O ,5 0 0
S ection s
A c cru e d
cessfu l b id d e r
u p o n
for
Bond Offering.—
O h io .—
u n til
D e n o m in a tio n
se m i-a n n u a lly
tu rity
C o u n ty ,
re ce iv e d
I J47
a g e n cy
1
a And accrued interest.
K alida School D istrict (P . O. K a lid a ), P utnam C ounty,
O h io.— Bonds Voted.— This d istrict, it is stated, has voted to
issue $3,000 sch ool-building-extension bonds.
$ 5 7 5 ,0 0 0 .
K ennew ick School D istrict, B enton C ounty, W a sh .— Bond
G ra n d
R a p id s ,
M i c h . — Bond
Sale.— O n N o v . 1 2 - f t h e Sale.— This district recently awarded $4,000 514% sch ool
$ 1 6 0 ,0 0 0 s tr e e t-im p r o v e m e n t a n d $ 8 0 ,0 0 0 s e w e r-co n s tr u ctio n
furnishing bonds to Morris Brothers of Portland at 100.125.
2 -5 -y e a r (se ria l) c o u p o n a s s e s s m e n t b o n d s d a t e d M a y 1 1 9 0 6
Denom ination $500.
a n d d e s c r ib e d in V . 8 3 , p . 1 1 3 4 , w e r e a w a r d e d to E m e r y ,
K in gston (P. O. Independen t Station W ilkes-B arre),
A n d e r s o n & C o . o f C le v e la n d a t 1 0 0 .7 5 fo r 4s.
Luzerne C ounty, P a .— Bond Sale.— On N oax 12 the $12,000
G reen e
C o u n ty
(P . O .
S p rin g fie ld ),
M o .— Bond Election
W yom ing A venue paving bon ds described in V . 83, p. 1134,
Proposed.— R e p o r t s s t a t e t h a t a p e t i t i o n r e q u e s t i n g t h a t a n were aAvarded, it is stated, to J. B. Vaughn at 101.25.
ele ctio n
b e
h eld
D e c.
4 fo r th e p u rp o se
o f v o tin g
on
th e
K in g w o o d , P reston C ounty, W . V a .— Bond Sale.— This
issu a n ce o f 8 1 5 0 ,0 0 0 c o u r t-h o u s e b o n d s , h a s b e e n p re se n te d
city has awarded the $7,000 5 % coupon electric-light bonds
to th e co u rt.
m entioned in V. 83, p. 848, to the B oard o f Irreducible
G re e n o ck
T o w n s h ip
(P. O . P i n k e r t o n ) , O n t . — Debenture School Fund of W est Virginia at par. Securities are dated
Sale.— T h i s t o w n s h i p h a s a w a r d e d t h e $ 5 , 0 0 0 4 % b r i d g e O ct. 11, 1906.
b u ild in g d e b e n tu r e s offered b u t n o t sold o n S e p t. £ 2 to G e o .
K iow a School D istrict, In d . Ter .— Bond Sale.— W e are
A . S tim s o n & C o . o f T o r o n t o fo r $ 4 ,7 3 7 3 2 , o r 9 4 .7 4 6 .
advised that the $9,000 bon ds m entioned in V . 83, p. 1134,
haA'-e been placed.
G r s e n s b u r g , W e s t m o r e l a n d C o u n t y , P a .— Bond O ffering . —
K n ox C ounty (P. O. V in cenn es), I n d .— Bond Sale.— On
P r o p o s a ls w ill b e r e c e iv e d u n t il 8 p . m . D e c . 3 b y t h e B o r o u g h
N oax 10 $25,000 hospital bonds Avere aw arded, it is stated,
C o u n cil, fo r 8 2 5 ,0 0 0 4 %
re fu n d in g a n d im p ro v e m e n t b o n d s.
to J. F . W ild & Co. o f Indianapolis at 102.926.
D e n o m in a tio n
$ 1 ,0 0 0 .
In terest
M a y
1 a n d
N o v e m b e r
1.
L a k ew ood , C uyahoga C ounty, O h io .— Bond Offering.— P ro
M a tu r ity t h ir ty y e a r s , s u b je c t t o ca ll a fte r te n y e a r s .
B o n d s
posals Avill be receiA^ed until 12 m . N oa^. 27 by B. M. C ook,
Village Clerk, for $6,500 5 % funding bon d s. D enom ina
are
free
fr o m
ta x .
C e rtifie d
ch e ck
fo r
$ 50 0
is r e q u i r e d .
tion $500. D ate, day o f sale. Interest sem i-annually at
D a v i d P . H u d s o n is B o r o u g h T r e a s u r e r .
T h ese b o n d s w ere
the Cleveland Trust Co. M aturity $500 each six m onths
o ffered b u t n o t so ld o n N o v . 5.
from O ct. 1 1907 to Oet. 1 1913 inclusive. Certified check
The official notice of this bond offering will be found among for 5 % of am ount bid is required.
the advertisements elsewhere in this Department.
Bond O fferim . — Proposals Avill be received until 12 m.
Dec. 10 b y B. M. Cook, Village Clerk, for the follow in g bonds:
G r o s s e P o i n t e , M i c h . — Bond Offering.— P r o p o s a l s w i l l b e
in
N e w
Y o r k
in clu d in g
th is
re ce iv e d
w o rk s
C ity .
issu e ,
u n til 8 p .
b o n d s.
In terest
M a tu rity
$ 2 7 ,0 0 0 .
m .
N o v .
M a tu rity
req u ired .
21
a t
U ly sses
G .
m a d e
th a t
C o u n ty ,
on
N o v .
d a y .
(P. O .
city
b o n d s
o n
in
H a m ilto n
N .
to -d a y
sold
1912
to
sh ip
17)
b y
to
fr o m
O .
M a tu rity
in clu siv e .
L .
B .
4 %
103
to
Sale . —
to
w ill
1 0 3 .1 0 .
in clu siv e .
y e a rly
A tla n tic
b e
re ce iv e d
for
8 1 ,0 0 0 .
C orson
a n d
d ra m a g e
1919
C o m m itte e
8 1 ,0 0 0
on
8900.
1910
L a n d in g ),
D e n o m in a tio n
1.
1
.— Bond
P ro p o sa ls
T o w n s h ip
for
in clu s w e .
fro m
1917
Avas
offe re d
b o n d
$ 5 ,0 0 0
M a y s
a w a rd
Jan .
M d
ra n g in g
(P .
on e
1936
C o u n ty ,
N o
b o n d s
8 1 ,9 0 0
p rice s
th e
b o n d s.
1936
e x ce p t
a u ctio n
T o w n s h ip
in
$500
S ta tio n A , W e e h a w k e n ),
1911
M a tu rity
fo r
C lerk .
p u b lic
at
1906.
B a n k
ch e ck
$3,106 85 5 % Nicholson Sewer District No. 1 assessment bonds.
nation $310 68.
32,922 12 5% Highland Sewer District No. 1 assessment bonds.
nation $3,292 21.
w a te r
$ 2 5 ,0 0 0
In terest
o n
J an .
is C h a i r m a n
1
o f
a n
from
T o w n -
C o m m itte e .
H a n co c k
C o u n ty
a
th e
is su a n ce
m a jo r ity
tio n e d
in
H a y s ,
b o ro u g h
a n d
V .
o f th e
8 3,
C ity
th e
$ 2 5 ,0 0 0
9 96 .
6
In terest
C o u n ty ,
on
o f
N o v .
$ 7 5 ,0 0 0
H a rd in
th a t
p ro p o s itio n
H u n tin g to n
,
O ra n g e
th e
v o te
th e
$ 4 0 ,0 0 0
a t
th e
th e
to
B e a ch
to
issu a n ce
b y
passed
a n d
a
citize n s
issu e
o f
v o te
O ct.
b u ild in g
27
a n d
m e n
5 % .
Voted. . —
8 2 0 ,0 0 0
o f 77
R e p o r ts
to
T h is
b u ild
75.
sta b
that
p ro v id in g
f
r
sch oo l-h o u se -re p a ir,
p a A ri n g
p la ce
5 %
w ill
w a te r-w o rk s
D is trict
C a l. —
b o n d s
b o n d s .
low
.— Bond Election.
th is
8 3 ,0 0 0
S ch o o l
e le ctio n
8 5 ,0 0 0
I o w a
o f
o rd in a n ce s
$ 2 5 ,0 0 0
C o u n ty ,
6 a u th orized
e x ce e d
.— Bonds
P a
sew er,
C o u n ty ,
4 l 2%
/
6
N o v .
co u rt-h o u s e
Bonds Authorized.—
sch o o l-b u ild in g
sta te
on
n ot
th e
.— Bonds Voted —
111
co u n ty
1 0 -y ea r
a u th orized
T e x a s .—
C o u n cil
H u b b a r d ,
B e a ch
C a rth a g e ),
th is
$ 1 2 5 ,0 0 0
p .
N o v .
issu a n ce
a
O .
v o te s
stre e t-im p ro v e m e n t b o n d s
th e
p a p ers
fP .
o f 2 05
A lle g e h e n y
o n
H o u s to n ,
o n
at
lo ts
J an .
B y
in g
fro m
J. — Bond Offering.—
(N o v .
o n
1
8 50 0.
co u p o n
n u a lly
8 1 ,0 0 0 ,
1906
15
N a tion a l
co u p o n
M a tu rity
Jan .
s m a ll
C o u n ty ,
5 %
W a s h in g to n
has
D e n o m in a tio n
5 %
8 5 3 ,9 0 0
se m i-a n n u a l.
y e a rly
H a g e r s to w n ,
T h is
o f
D e n o m in a tio n
In terest
$ 2 ,0 0 0
co u p o n
C e rtifie d
V illa g e
d e b t,
fo r
D e c.
J. — Bonds Not Sold.—
N .
12
5 %
D a te
C o m m e rcia l
is
B o n d e d
v a lu a tio n
$ 2 0 ,0 0 0
y ea rs.
H u ff
1926.
$ 1 ,0 0 0 .
G u tte n b e rg S ch o o l D is trict
H u d s o n
fo r
th e
th irty
1
A ssessed
D e n o m in a tio n
s e m i-a n n u a lly
D etroit.
J u ly
fP .
v o te
p
! ioj
b o n d s.
O .
H u n tin g to n
Vote.— We are ad
o n
th e
p ro p o s itio n
fu rn ish in g
b o n d s
to
:
Iv
issu e
m e n tio n e d
Denom i
Denom i
The aboA^e bonds will be dated the day of sale. Interest
ssm i-annually at the CleAT
eland Trust Co. M aturity one
bond o f each issue yearly on O ct. 1 from 1903 to 1917 in
clusive. Certified check for 2 % of the am ount bid is re
quired.
L atonia, K enton C ounty, K y .— Bond Sole.— On N ov. 1
$4,000 6 % 5-10-year (option al) street bonds were aAvarded
to the Citizens National Bank o f C ovington at 105.25.
D enom ination $100. Interest sem i-annual.
Law rence, M ass.— Temporary Loan.— This city recently
borrow ed $100,000 until Jan. 15 1907 from Boring. Tolm an
& Tupper of Boston at 5.1 0 % discount.
L eipsic School D istrict (P . O. L eip sic), Putnam C ounty,
O h io.— Bonds Voted.— The proposition to issue the $35,000
school-building bon ds m entioned in V. 83, p. 1134, carried
at the recent election by a v ote o f 279 to 184.
L ouisville, K y .— Vote.— W e are advised that the vote
on the $4,000,000 4 % 40-year gold coupon sewer-system
bon ds authorized on N o v . 6 was 15,758 to 6,336. Date
o f sale n ot y et decided.
L oveland, Cferment C ounty, O h io.— Bond Offering.
Proposals will be re c.iv e d until 12 m . D ec. 3 b y H . 8.
Stevens. Village C l rk, for $1.025.83 6 % sidew alk- construc
tion assessment b on ds. Securities will be dated day of
issue. Inter: st annual. M aturity from one to ten years.
Certified check for 10% o f the bonds bid for. payable to the
Village Treasurer, is required. A ccrued interest to be
paid b y purchaser. Official advertisem ent states that if
any o f the property, owners pay the am ount of their assess
ments, before the time o f opening bids, the am ount of bondwill be decreased accordin gly.
Lyons Falls, Lewis County, N. Y . Bonds Voted. Bond
Offering.— At an election held in this village N ov. 8 the
issuance of $3,500 registered water-Avorks bonds wa- author
ized by a vote of 29 to 1. Proposals for th< >o securities will
be received until 1 p. rn. Now 2ii by Harry \ . C ox, \ illagc
\
Clerk. Denomination $ 3'0. i
• \<>v. 15 1906. Interest
(not to exceed 4 % ) payabi i b. I and Aug. 1 at the First
1248
THE CHRONICLE.
National Bank in Utica. Maturity $350 yearly on Aug. 1
from 1908 to 1917 inclusive. Certified check on a national
bank for 5 % of the bonds bid for, payable to Frank Hoskins,
Village President, is required. Delivery Dec. 10. Accrued
interest to be paid by purchaser.
McComb, Pike County, Miss— Bonds Not Sold— Bond
Offering.— Owing to an error made by the printer all pro
posals received on Nov. 6 for the $15,000 5% 1-20-year
(serial) coupon water-works-system-extension bonds de
scribed in V. 83, p. 1134, were returned to the bidders.
The bonds will be re-offered Dec. 4.
[VO L. LXXXIII.
N ew Orleans Real Est.
; Isidore Newman & C o. _n$750,937 50
M tge. & Secur. C o . . _a$751,000 00
a And accrued interest.
A bid was also received from the Inter-State Trust &
Banking Co. of New Orleans, which institution was said
to offer “ $500,000 prem ium ” and accrued interest with the
provision that th ey be appointed fiscal agent of the city
until Jan. 1 1942— the premium to be paid $100,000 on
Jan. 1 1907 and a like am ount on Jan. 1 1915, on Jan. 1
1923, on Jan. 1, 1931 and on Jan. 1, 1939. This bid was
n ot considered. The bon ds were awarded on N ov . 13 to
the New Orleans R eal E state, M ortgage & Securities Co.
N ew Y o rk S t a te . — Bond Offering.— Proposals will be re
ceived until 12 m. D ec. 12 b y W illiam C. W ilson, State C om p
troller, at A lban y, for $1,000,000 3 % gold highw ay-im prove
m ent bon d s, to be registered or coupon at option o f pur
chaser, bearing date of D ec. 1 1906. Coupon bon d s will be
issued in denom ination o f $1,000 and registered bonds in de
nom inations of $1,000 and $10,000. Interest sem i-annually
at the Bank of the M anhattan C om pany in the City o f New
Y ork .
M aturity D ec. 1 1956.
B onds are exem pt from
taxation.
A uthority, Chapter 469, Laws of 1906.
P ro
posals m ust be accom panied b y a deposit of m oney or b y a
certified check or bank draft upon a bank or trust com pany
of the city of A lbany or New Y ork , payable to the order o f
the Comptroller o f the State of New Y o rk , for at least 2 % of
the par value o f the bonds b id for. A ccrued interest to be
paid b y purchaser.
Marion, Marion County, Ohio.— Bond Sale.— On Nov. 14
the $4,000 4 )^ % 9% -year (average) Center Street improve
ment (city’s portion) bonds were awarded to the BrightonGerman Bank Co. of Cincinnati at 103.635 and the $300 5%
2 1-3-year (average) Sugar Street extension bond was
awarded to A. J. Whiting of Marion at 102. Following arc
the bids:
S4.000
$300
Center St. Sugar St.
bonds.
bond.
Rrigiiton-German Bank Co., Cincinnati___ _
..$4,145 40
A. J. Whiting, Marion________________________
. . ___
$306 00
Central Trust & Safe Deposit Co., Cincinnati.. . . 4,143 00
. .. _
Security Savings Bank .&Trust Co., Toledo _ .
4,122 00
Seasongood & Mayer, Cincinnati.___________
4,1 18 00
------Denison & Farnsworth, Cleveland_______________ 4,112 50
-------Lamprecht Bros. & Co., Cleveland______________ 4,109 20
---Central National Bank, Portsmouth_____________ 4,080 00
304 00
W. R. Todd & Co., Cincinnati_________________4,080 00
S. A. Kean, Chicago________________ ■_________ 4,004 00
_
-------Rudolph Kleybolte & Co., Cincinnati____________ 4,000 00
------Marlin, Falls County, T exas.— Bond Election.—-We are
advised that an election will be held Nov. 20 to vote on the
question of issuing $16,000 4 % 5-40-year (optional) waterworks-improvement bonds.
The official advertisement of this bond offering will be 'pub
Martins Ferry, Belmont County, Ohio.— Bonds Defeated.— lished in the “ Chronicle” n ext week.
The proposition to issue city-building bonds was defeated
N orth P la tte, Lin coln C o u n ty , N e b .—Bonds Defeated.—
on Nov. 6. The vote was 424 “ for” to 536 “ against.”
Th e question of issuing the $ 9 0 ,0 0 0 w a ter-p lan t purchase
Marysville School District, Snohomish County, W ash.— bon ds m entioned in V . 8 3 , p . 9 9 7 , w as defeated N o v . 6.
Bond Sale.— We have just been advised that this district Th e v o te was 300 “ fo r ” to 251 “ a ga in st” — tw o -th ird s
on Aug. 25 awarded $5,500 6% 2-15-year (optional) school- being necessary to authorize.
site and building bonds dated Oct. 1 1906 to the Everett
O kanogan C ou n ty (W a s h .) School D istrict N o . 10.—Bond
Trust & Savings Bank of Everett at par. Denomination Sale.— On O ct. 20 the Countj^ Treasurer awarded $ 6 0 0 6 %
$1,000 except one bond for $500. Interest semi-annual.
building bonds of this district to the Seattle T ru st & T itle Co.
Maysville School District (P. O. Maysville), Mason of Seattle for $601 or 1 0 0 .1 6 6 .
County, K y .— BondsVoted.— The voters of this district on
O kan ogan C ou n ty (W a s h .) School D istrict N o . 5 3 .—Bids
Nov. 6 authorized the issuance of the $60,000 4% school Rejected.— All bids received on O ct. 20 for $ 5 0 0 b o n d s offered
building bonds mentioned in V. 83, p. 925. Maturity on th a t d ay were rejected.
$6,000 yearly, beginning in 1913. Date of sale not yet
O m a h a, D o u g la s C ou n ty, N e b .— Bonds Voted.— P roposi
determined.
tions to issue $ 5 0 ,0 0 0 intersection bon ds and $ 1 5 0 ,0 0 0
Middletown, Ohio.— Bond Offering.— Proposals will be sewer bon ds carried on N o v . 6.
received until 12 m. Nov. 24 by N. G. Oglesby, City Auditor,
Preble C ou n ty (P . O . E a to n ), O h io .—Bonds Defeated.—
for $1,361 70 4% street-improvement assessment bonds. T h e election N o v . 6 resulted in the defeat of the proposition
DenominationH$136 17. Date Oct. 15 1906. Interest to issue the $ 2 0 0 ,0 0 0 cou rt-h ou se bon ds m en tion of w hich
semi-annually at the National Park Bank in New York City. was m a d e in V . 8 3 , p . 1 0 5 8 . T h e v o te w as 2 2 6 2 “ fo r ” to
Maturity $136 17 yearly on Oct. 15 from 1907 to 1916 in .3 1 4 6 “ a g a in st.”
clusive. Certified check for $75 required.
P u n x su ta w n e y , Jefferson C ou n ty, P a .— Bonds Voted.—
Midland County (P. O. Midland), M ich.— Bonds Defeated. T h e electors of this borough on N o v . 6 v o te d in fa v o r of
— Of the 2292 votes cast on Nov. 6th, 1,096 were in favor of issuing $ 4 0 ,0 0 0 4 % 2 0 -3 0 -y e a r (option al) p avin g b o n d s.
and 1196 against the proposition to issue the $35,000 court D a te of sale n ot y e t decided.
house bonds mentioned in V. 83, p. 455.
R en frew C ou n ty (P . O . P e m b ro k e ), O n t .— Debenture
Minneapolis, Minn.— Bonds Defeated.— On N ov. 6 the Offering.— Proposals w ill be received until 1 p .m . N o v . 20
voters- of this city defeated the propositions to issue the for $ 1 4 ,0 0 0 4 % debentures d ated S ep t. 21 1 9 0 6 . Securities
$1,500,000 gas-plant-purchase bonds and the $1,000,000 m atu re part y early for tw e n ty y ears. S. E . M itchell is
filtration-plant bonds mentioned in V. 83, p. 925.
C ou n ty Clerk.
Mississippi.— Bond Offering.— Proposals will be received
R ich m o n d , W a y n e C o u n ty , I n d .— Bond Sale.— On N o v .
until 12 m . Jan. 2 by James K . Vardanian, Governor, at 12 the $ 2 0 ,0 0 0 3 }N
>% 10-y ea r coupon fu n d in g b o n d s d e
his office in Jackson, for $500,000
20-year bonds. scribed in V . 8 3 , p. 1 0 5 8 , Were aw arded to M eyer & K iser
Interest Jan. 1 and July 1 at the office of the State Treasurer. of Indianapolis and E . M . C am pbell & C o. of In d ian ap olis
Bonds are non-taxable. Certified check for one-tenth of the for their jo in t bid of 1 0 1 .1 2 5 and accrued interest— a basis
bonds bid for is required.
of abou t 3 . 3 6 7 % .
T h e follow ing bids were received :
Montgomery County (P. O. M ontgom ery), A la .— Bonds Meyer & Kiser, Indianap. &l
IR. K leybolte & C o., Cin__S20,157 50
E. M. Campbell & C o., I n d _ ; $20,225 1E. D. Bush & C o., Indian . 20,105 00
Voted.— The voters of this county on Nov. 6 declared them W . R . Crawford & C o.. Chic_a20,225 Breed & Harrison, Cincin. 20,051 00
selves in favor of issuing the $250,000 4 j^ % 50-year road J. F. W ild & C o.. In d ia n a p .. 20,218 :E . J. W eidner, R ichm ond
Dickinson Trust C o.,R ich m ’d 20,210
($4,000) _______________
4.048 00
bonds mention of which was made in V. 83, p. 996.
a Less cost of delivery.
Montpelier, Williams County, Ohio.— Bond Sale.— On
S t. C harles, S t. Charles C o u n ty , M o .—Revenue Bonds
Nov. 12 the $10,000 4 ^ % 10 1-6-year coupon viaduct
bonds described in V. 83, p. 1058, were awarded to F. L. Registered.— On N o v . 9 $ 9 ,0 0 0 5 % current-revenue bon ds
Fuller & Co. of Cleveland at 103.26 and accrued interest— were registered b y the State A u d ito r. D en om in ation $ 5 0 0 .
a basis of about 4.10% . The bids were as follows:
* - S t . Joseph School D istric t (P . O . S t. J o se p h ), B uchanan
F. L. Fuller & Co., Cleve. _$10,326 OOlOtis & Hough, Cleveland. $10,229700 C ou n ty, M o .—Bonds Voted.— O n O ct. 31 th is district
l-loehler &Cummings, Tol. 10,318 50]W. R. Todd & Co., Cin_ 10,226 00
Seasongood & Mayer, Cin. 10,318 00 ISecur.S.B. & Tr.Co., Tol. . 10,210 50 authorized th e issuance of $ 3 0 0 ,0 0 0 school bon ds b y a v o te
Weil. Roth & Co., Cin___ 10,305 501A. B. Leach * Co.. Chic.. 10,207 00 of 3 ,5 1 4 to 7 0 7 . D en om in a tio n $ 1 ,0 0 0 . In terest (not to
Emery,Anderson&Co.,Clev 10,303 OOjFarnham &Co., Edgertoa 10,180 00 exceed 4 % ) p a ya b le sem i-a n n u a lly in N ew Y o r k . F u ll
Hayden,Miller & Co., Clev. 10,277 50 IKunklc State Banking Co.,
MacDonald, McCoy & Co.,
Kunkle_____________ 10,100 00 details of issue and date of sale n ot yet. decided.
Chicago ___________ 10,237 50 | J Hayes & Sons, Cleve. 10.057 00
W
S t. P au l, M in n .— Bonds V oted. — W e are advised under
Moosomin, Sask.— Debenture Offering.— Proposals will
be received until 6 p. m. Dec. 1 by John Smithers, Secretary- date of N o v . 13 th at the result of th e election N o v . 6 on the
question of issuing the $ 5 0 0 ,0 0 0 W ater-p la n t-im p ro v em en t
Treasurer, for the following debenture:
bonds (not exceeding $ 1 5 0 ,0 0 0 in a n y one calendar year)
55.000 00 5% town-hall debentures, to run twenty years.
m entioned in V . 8 3 , p . 1 1 3 6 , is still in d o u b t, th ou gh appar
25.000 00 5% water-works debentures, to run forty years.
1,050 67 5% granolithic-walk debentures, to run twenty years.
en tly the proposition has carried.
Mount Vernon School District (P. O. Mount Vernon),
Salinas, M on terey C ou n ty, C a l .—Bond Sale.— On N o v . 12
Knox County, Ohio.— Bonds Voted.— The question of issuing the $ 5 0 ,0 0 0 5 % 1-4 0 -y e a r (serial) gold coupon c ity -h a ll
the $50,000 5% school bonds mentioned in V. 83, p. 996, building bonds described in V. 8 3 , p. 1 1 3 6 , were aw arded,
was submitted to the people on Nov. 6. The bonds were it is sta ted , to P. Z ab ala for $ 5 5 ,1 3 5 , or 1 1 0 .2 7 , w hile the
authorized by a vote of 1095 to 682.
$ 1 5 ,0 0 0 5 % 1-4 0 -y e a r (serial) gold coupon sch ool-h ouseNew Orleans, L a .— Bond Sale.— Following are the bids repair bon ds offered on the sam e d a y were aw arded to a
re-ceived on Nov. 5 for the $750,000 5% coupon court local b a n k for $ 1 6 ,4 0 0 , or 1 0 9 .3 3 3 . See V . 8 3 , p . 1136 , for
description of these securities.
house bonds mentioned in V. 83, p. 848:
San Antonio, T e x .— Homi* Xot Yet Sold.— This city has
not yet disposed of the $218,000 5 ‘” improvement district
bonds (three issues) offered without success on June 20.
See V . S3, p . 110.
San Francisco, Cal -Bonds Xol Sold.— Bond Offering.—
The $1,0X7,200 3 } 4 % gold sewer and the $486,000 3 %
gold street bonds offered by this city on Nov. 5 were not sold,
and the time for receiving bids was extended by the Board
of Supervisors until Dec. 17.
Bids may be addressed to
Geo. B. Keane. Clerk of Board. Denominations $100, $500
and $1 ,000. Date July 1 1904. Interest June 30 and Dec. 31
at the Treasurer’s office. Maturity of sewer bonds 8181,200
yearly on June 30 from 1909 to 1914 inclusive; of street
bonds $40,500 yearly on June 30 from 1919 to 1930 inclusive.
Santa Rita School District, Santa Barbara County, Cal.
Bond Sole.— On Nov. 5 the $600 7 % 1-6-year (serial) bonds
dated Oct. 1 1906 and described in V . S3, p. 927, were
awarded to Geo. S. Edwards for $625 (104.166) and accrued
interest. There were no other bidders.
Sargent County (P. O. Forman), No. D a k .— Bonds De
feated.— The people of this county on Nov. 6 voted down
the proposition to issue the $50,000 20-year court-house
bonds mention of which was made in V. S3, p. 56.
Sawyers Bar School District, Siskiyou County, Cal.—
Bo nds Voted.— This district on Oct.
voted to issue $3,000
6 % 1-10-year (serial) gold school-building bonds. Denomination $300.
Seattle, W a s h .— Bonds Voted.— The proposition to issue
the $1,650,000 4 l 2%
sewer-extension bonds mentioned
in V. 83. p. 99S, carried on Nov. 6. The vote was 10,113
“ for” to 2,265 “ against.”
Sherman, T e x .— Bond Sale.-—The following bids were
received on Nov. 5 for the $40,000 4J^% 1-40-year (serial)
water-works refunding bonds dated Jan. 1 1907 and de
scribed in V. 83, p. 1059:
X. W. Harris & Co.. Chic. $41.000
A. B. Leach & Co.. Chic . 40.620
Seasongood & Mayer, Ciu_ 40,555
W. J. Hayes & Sons. Cleve 40.279
Emery .Anderson & C
’o..Cle 40,250
00 j John X'uveen & Co.. Chic _$40,215 00
00;C. H* Coffin. Chicago.. . 40,10100
20 Mason, Lewis & Co., Chic. 40,050 00
00 A. J. Hood & Co.. Detroit. 40,045 00
00 | H. Rollins & Sons,Chic.
E.
par
Slater Independent School District (P. O. Slater), Story
County, Io w a .— Bond Offering.— Proposals will be received
until 7 p. m. Nov. 26 by O. J. Viland, Secretary Board of
Education, for the $3,500 5% coupon school-building bonds
voted on Oct. 1. Authority Section 2812, Chapter 14,
Laws of Iowa. Denomination $500.
Date Jan. 1 1907.
Interest semi-annually in Slater. Maturity $500 yearly on
Jan. I from 1912 to 1916 inclusive and $1,000 Jan. I 1917.
Certified check for $100, payable to the Treasurer, is re
quired. Bonded debt, including this issue $4,500. A s
sessed valuation for 1906 $549,972.
Sonoma County (P. O. Santa Rosa), Cal.— Bonds Voted.—
The proposition to issue the $280,000 4}S>% court-house
bonds described in V. 83, p. 1136,' was approved by the
voters on Nov. 6.
South Bethlehem, Northampton County, P a .— Bond
Offering.— Proposals will be received until 8 p. m. Nov. 26
by Abner H. Gross, Chairman Finance Committee, for the
$75,000 4 % 15-30-year (optional) coupon street-improve
ment bonds mentioned in V. 83, p. 648.
Interest semi
annual. Certified check for $1,000, payable to the Borough
of South Bethlehem, is required.
South Haven, M ich.— Bonds Defeated.— The election
Nov. 6 resulted in the defeat of the proposition to issue
electric-light and water-works-extension bonds.
South Orange Township, Essex County, N . J .— Bond
Election.— Newark papers state that an election will be
held in this place Dec. 3 to vote on the question of issuing
$35,000 sewer bonds.
Springfield, M ass.— Bond Sale.— On Nov. 12 the $207,000
4 % 20-year gold school bonds described in V . 83, p. 1190,
were awarded to Merrill, Oldham & Co. of Boston at 104.979
— a basis of about 3 .6 4 8 % .
Following are the bids:
Merrill, Oldham & Co., Bost_104.979
R. L. Day & Co., Boston___ 104.597
Rhoades <c C o., New York- __104.50
3
Blake Bros. & Co., Boston__ 104.29
Blodget, Merritt & Co., Bost .104.18
Adams &Co., Boston---------- 104.081
A. B. Leach & Co., Boston . _ 103.877
« 3 5 ,O G O
NEW LOANS.
B ond 3 Called
Gsorgetown Co., South Carolina,
Notice is hereby given that the following bonds
of CLEBURNE, TEXAS, of the denomination
of $1,090 each, viz.:
Improvement 6s, interest payable April
and October: dated Apr. 1, 1895, due
1935, optional Apr. 1, 1905, Nos. 1 to
8 inclusive__________________________ $8,000
Permanent Improvement 6s: interest payaable January and July; dated June 1, ■
1896, due 1936, optional June 1, 1906,
A'os. 1 to 4__________________________
4,000
Street & Bridge 6s; interest payable Jan.
& July; dated June 1, 1896, due 1936,
optional June 1, 1906, Nos. 1 to 10 ---- 10,000
COUPON BONDS
Sealed proposals will be received by the Board
of Trustees of the Vinyali School District of
Georgetown County, State of South Carolina,
until 12 o'clock noon, DECEMBER 11, 1906,
for the purchase of Thirty-live Thousand ($35,000 00) Dollars five per cent coupon bonds to
be dated January 1, 1907, and payable thirty
year's from date with the privilege of redemption
twenty years from date. Interest payable
January 1st and July 1st of each year in George
town. S. C. The purpose of this issue of bonds
is to build a modern school building and improve
existing buildings.
The school district has no present bonded or
other indebtedness. The City of Georgetown,
in which school district is, Iras bonded indebted
ness of $147,000 00. The County has no bonded
or other Indebtedness. Certified check for 51,000 00, payable ot the order of E. W. Kaminski,
Chairman, to accompany all bids and to be for
feited in case of failure of purchaser to comply
with his bid. No bids for less than par and
accrued interest will be considered. Right re
served to reject any or all bids. Address all
bids t , the "Board of Trustees of the Winyah
Schoo. District. Georgetown. South Carolina,”
and endorse plainly on envelope the words:
"Bid for School Bonds.”
For further information, if desired, apply to
Chairman.
E. W. KAMINSKI, Chairman.
E. H. DUVALL, Secretary.
Total faceamount________________ $22,000
are hereby calledfor redemption. The said
bonds may he presented for payment at the Sea
board National Bank in the City of New York,
or at the banking houses of E. H. Rollins & Sons
in the cities of Boston, Mass., or Chicago, 111.,
OX OR BEFORE DECEMBER I, 1906, after
which date interest on said bonds shall cease.
Dated, Cleburne, Texas, November 10, 1906.
LUTHER W ILHITE,
PHIL. W. ALLIN,
City Secretary.
Mayor.
H. W. N O B L E
N ew Y o r k .
Regular W e e kly Sales
U I L L I A 'I
N fE E E I
l-M o ^
Mac Donald,McCoy & Go,,
MUNICIPAL
AND CORPORATION
BONDS.
181 La Salle Street, C hicago.
C ertified
Public
A cco u n ta n ts
(Ponuaylveinltt)
Kxolmngs StnUdlnir.
y o K .it
D e t r o it .
P h il a d e lp h ia .
THOMAS
B.
DEAN,
Successor to A R C H E R & DEAN
CERTIFIED PUBLIC ACCOUNTANTS
Wall Street Exchange Bldg.,
41-43 W all S u , - N E W Y O K K .
Telppl''> 4155 Broad.
ve
Albert Kleybolte & C o .,
Wilkinson, Reckitt, Williams & Co.
4 0 9 W a l n u t Street,
C I N C I N N A T I , O.
M unicipal,
County,
State,
EVERY WEDNESDAY.
* r
ACCOUNTANTS.
LY8RAND,
ROSS BROS &
MONTGOMERY
BONDS
STOCKS and BONDS
66
Borough of Greensburg, Pa., will receive sealed
bids until 8 p. m. Dec. 3, 1906, for $25,000 issue,
Refunding and Improvement Bonds; denomina
tion $1,000, 4% interest payable May and
November; free of tax, payable 30 years and
redeemable after 10 years. Certified check for
$500 required with each bid. Right to reject
any and all bids reserved.
D. F. HUDSON, Treasurer.
NRW
AND
OF
4o m
;
Pa.,
Refunding & Improvement Bond3
& C O M P A N Y W at! S treet
,
M U N IC IP A L
Adrian H. Muiler & Son
A U C T IO N E E R S.
Borough of Greensburg,
L a n d T itle B u ild in g
r n il,A !* fi[,F H lA .
P U B L IC S E R V IC E C O R P O R A T IO N
No.
§ 3 5 ,0 0 0
CLEBURNE, TEXAS,
Winyah School District,
Offlce
Estabrook &Co., Boston___ 103.86
Wm. A. Read & Co., Boston. 103.819
Parkinson & Burr, Boston__ 103.77
Denis.on & Farnsworth, Bost_ 103.686
N. W. Harris & Co.. Boston-103.078
E. H. Rollins & Sons, B ost--103.041
1
Springville, Erie County, N . Y .— Bond Sale.— On Nov. 10
-3-year (average) coupon water-works
the $12,000 4 %
NEW LOANS.
5%
I^49
THE CHRONICLE
NOV. 17 1906.1
aud
H ig h -G r a d e P u b lic
feecui I U c n
Service
Corresponcler.ee Solicited
BONDS S T O C K CERTIFICATES
Engraved on steel or lithographed, or
partly printed and partly lithographed.
Book of 100 certificates, steel-plate bor
der, and seal press, $15; cheaper styles
as low as 52 50 for a book of 50.
ALBERT B.KIj G & CO., 206 Broadway, N. Y.
N
CERTIFIED PUBLIC ACCOUNTANTS
52 B roa d w a y,
-
-
New York
Special Department lorNationalExaminations under the
Bapk Bank Examiner ol
management ot a years' experience.
many
LOOMIn CONANT & cor
1,
C E R T IF IE D P U B L IC A C C O U N T A N T S
S treet N ew
Tel, 4WH Broad.
6
3 0 B ro a d
I ames
C E R T IF IE D
park
Y ork.
& 00.,
P U B L IC A C C O U N T A N T S
tVi B roadw ay, New York.
1 H5I l ^ a H a l l e H t r c e t , C h l c a o r o .
HO W,
R O S E~& C O ~
Certified Public Accountants
50 F i n e S t r e e t
NEW
Telephone 4261 John.
YORK
I 250
[V O L . L X X X III.
THE CHRONICLE.
extension bonds described in V. 83, p. 1060, were awarded
to Otis & Hough of Cleveland at par and accrued interest.
A bid of $12,050 for 4)/^s was also received from O’Connor
& Kahler of New York City.
— Bond Offering.— Proposals will be received
until 7:30 p. m. Nov. 21 by John U. Young, Secretary,for
$40,000 4 % 10-20-year optional coupon paving and muni
cipal expense bonds.
Denomination $100 or multiples.
Date July 1 1906. Interest semi-annually at the Steelton
National Bank. Bonds are exempt from taxes. Certified
check for $1,000, payable to LeRoy H. Sutton, Treasurer,
s required. These securities take the place of the $40,000
4 % bonds awarded on June 6 to N. W . Halsey & Co. of New
York City, which sale was never consummated.
— Bond Sale. On
Oct. 22 the $30,000 rain-water-sewer and $10,000 sanitarysewer 4% 1-40-year (serial) gold coupon bonds, a description
of which was given in V. 83, p. 850, were awarded to P. B.
Fraser of Stockton at par and interest.
^$3
Bond Sale. On
Nov. 10 the $700 6% 2 9-10-year, (average) coupon publichall bonds described in V. 83, p. 1060, were awarded to
G. E . Bradfield, Cashier of the First National Bank of
Barnesville at 101.571. Following are the bids:
The amount of the assessment bonds will be reduced if
any of the assessments are paid in cash before the time of
sale. - Purchaser jto pay accrued interest.
Turner County (P. O. Ashburn), Ga.— B on d E le c tio n . — An
election will be held in this county to-day (Nov. 17) to vote
on the question of issuing $40,000 court-house, 811,000 jail
and*$19,000 road 5 % 1-30-year bonds.
Tuscaloosa County (P. O. Tuscaloosa), A la.— B on d s
V o te d . — Local reports state that the proposition to issue
the $75,000 court-house bonds mentioned in V . 83, p. 1137,
carried on Nov. 6.
•Utica, N. Y . — B on d S a le . — On Nov. 12 the 860.000 4%
1-30-year (serial) registered drainage bonds described in
V. 83, p. 1191, were awarded to Lee, Higginson & Co. of
Boston at 101 .86 and accrued interest— a basis of about
3 .8 4 % . Other bidders were N . W . Harris & Co., New
York, N. W . Halsey & Co., New York, Goldman, Sachs &
Co., New York, Jno. G. Gibson of Utica and Isaac W .
Sherrill of Poughkeepsie. Interest on these bonds is payable
annually.
Versailles, Woodford County, K y .— B on d E le c tio n .—
According to local reports the City Council has decided to
call an election to vote on the question of issuing $60,000
water-works and sewer-system bonds.
Vicksburg, Warren County, M iss.— B on d E le c tio n . — An
G. E. Braclfleld, BamesvlUe. _$711 00 [A. A. Summers, Summerfield.§707 00 election will be held in the near future to vote on the question
First Nat. Bank, Summerfield 710 50!
of issuing bonds for a sewer system.
Wabash County (P. O. Mount Carmel), 111.— B on d s D e
Bond Sale.— On Nov. 5 the $2,000 5% 15)^-year (average)
fea ted . — The proposition to issue the $8,000 poor-farm and
bonds described in V. 83, p. 1136, were awarded, it is stated,
court-house-heating bonds mentioned in V. 83, p. 1061,
to W . F. Johnston of Los Angeles at 104.65.
was defeated on Nov. 6.
— Bonds Voted.—
Waterford, Erie County, Pa.— B on d s V o t e d . — On Nov.
By a vote of 52 to 15 this village on Nov. 6 authorized the 6 this borough voted to issue from $8,000 to $10,000 4%
issuance of $5,000 water-works bonds. Details of issue electric-light bonds.
and date of sale not yet determined.
Waterloo, Iow a.:— B on d S a le . — This city recently delivered
Park,
Bond Offering.— to the contractor in payment for work done an issue of
Proposals will be received until 12 m. Dec. 15 by W . E. $21,500 6% street-paving and alley-intersection bonds.
These securities have now been sold by the contractor to the
Williamson, Village Clerk, for the following bonds:
Denomination $500. Date Aug.
$1,124 5% 1-10-year (serial) Lexington and Floral avenues improvement Waterloo Savings Bank.
(village’s portion) bonds. Denomination $112 40.
17 1906. Interest May and November. Maturity as
1,000 5 % 1-10-year (serial) Lexington and Floral avenues improvement
follows:
assessment bonds. (^Denomination $100.
Steelton, Pa.
Stockton, San Joaquin County, Cal.
—
Summerfield, Noble County, Ohio.—
—
Sunnyside School District, Los Angeles County, Cal.—
Suttons Bay, Leelanau County, Mich.
Terrace
Hamilton County, Ohio.—
M IS C E L L A N E O U S .
M IS C E LLA N E O U S .
OFFICE OF THE
Atlantic niotaal' Insurance Comtiany Mcrip
ol All Years nought and Hold,
ATLANTIC MUTUAL INSURANCE COMPANY,JO H N
H D PY WLBRID E & CO..
O EN L, A G
Total Marine Premiums__________ ______________- +______________$3,594,405 94
Premiums marked off from 1st January, 1905, to 31st December, 1905____________ 83,012,213 96
Interest received during the y e a r ____________________ 8295,738 65
Rent, less Taxes and Expenses_______________________ 99,338 33
7 Wall S t „ Mew York.
$395,076 98
Railroad, Street By.,Gas & Elec. Light
Losses paid during the year which were estimated in 1904
and previous years____________________________ $271,100 60
Losses occurred, estimated and paid in 1905__________ 827,295 95 $1,098,396 55
Less Salvages______________________$130,068 59
Re-insurances _____________________ 35,947 85
S E C U R IT IE S .
166,016 44
$932,380 11
Returns of Premiums_____________________ __________________ '.----$80,615 47
Expenses, including officers! salaries and clerks’ compensation, sta
AND
tionery, newspapers, advertisements, &c_________________
$374,746 88
The Company has the following Assets, viz.:
United States and State of New York Stock, City, Bank and other Securities---------$5,198,042 00
Special de-posits in Banks and Trust Companies------------------------------------------------ 1,583,212 84
Real Estate corner Wall and William Sts. ancl Exchange Place----- $4,299,000 00
Other Real Estate and claims due the Company--------------------------75,000 00 4,374,000 00
Premium notes and Bills Receivable----------------------------------------------------------------Cash in the hands of European Bankers to pay losses under policies payable in
foreign countries_________________ --------------------------------------------------------Cash in Bank_ , , ____________________________________________________________
_
ALL
UNLISTED MARKETABLE
SECURITIES.
2 0 B road! S treet
-
-
N ew Y ork .
175,632 33
257,865 62
S T A N D A R D A U D I T CO.
A dividend of Six per cent interest on the outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and after Tuesday the Sixth of February next.
The outstanding certificates of the issue of 1300 will be redeemed and paid to the holders
thereof, or their legal representatives, on and after Tuesday the Sixth of February next, from which
date all interest 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, 1905, for which, upon application, certificates will be issued on and
after Tuesday, the First of May next.
By order of the Board,
G. STANTON FLO YD-JONES, Secretary.
41-43 Wall St.
43-49 Exchange Pi.
NEW
YORK
) Certified Public
President
^
ACCOUntant
’Phone 2269 Bruad
p e r l e y m orse
TRUSTEES.
HERBERT L. GRIGGS,
CLEMENT A. GRISCOM,
ANSON W. HARD,
MORRIS K. JESUP,
THEODORE P. JOHNSON,
LEWIS CASS LEDYARD,
FRANCIS H. LEGGETT,
CHARLES D. LEVERICH,
LEANDER N. LOVELL,
GEORGE H. MACY,
CHARLES H. MARSHALL,
BONDS
W . E . R . S M I T H & C O .,
1,127,674 83
Aggregating ________________________________________________________- --$12,716.427^62
GUSTAV AMSINCE,
FRANCIS M. BACON,
JOHN N. BEACH.
WILLIAM B. BOULTON,
VERNON H. BROWN,
WALDRON P. BROWN,
JOSEPH H. CHAPMAN,
GEORGE C. CLARK,
CLEVELAND IT. DODGE,
CORNELIUS ELDERT,
RICHARD IT. EW ART,
EWALD FLEITMANN,
M. G IL L E SP IE ,
Room No. 518 Atlantic Building,
49-51 W all Street,
NEW YORK.
New York, January 23rd, 1906.
The Trustees, in conformity with the Charter of the Company, submit the following statement of its
affairs on the 31 st of December 1905.
Premiums on Marine Risks from 1st January, 1905, to 31st December, 1905_____ $2,977,854 37
Premiums on Policies not marked off 1st January, 1905_________________________
610,551 57
AMERICAN
TELEGRAFHONE
COMPANY
Treasury Stock
H. II. MOORE,
IHQLAS F. PALMER,
NRY PARISH,
LLAS B. PRATT,
ORGE W.QUINTARD,
A. RAVEN,
IN L. R.IKER,
UGLAS ROBINSON,
STAV H. SCHWAB,
LLIAM A. STREET,
LLIAM C. STURGES.
A. A. R n VEN, President.
CORNELIUS ELDERT, V ice-P resid en t.
THEO. P. JOHNSON, 2d V ice-P resid en t.
JAMES L. LIVINGSTON, 3d Vice-President,
Sterling Debenture Corporation
R oom 422.
i
56
w all
st.
new
york
Nov. 17 190b.]
51.300
1.300
1.000
1.500
M ay
N ov.
Max
N ov.
! OS
1’ 08
1'09
1’09
51.000
2.000
1.000
2.000
I >51
THE CHRONICLE.
Ma\
N ov.
M ay
N ov.
1
1
1
I l
10 51.000 M ay 1 '12|$2,000 \ o v . 1 ’ 13
10 2,000 N ov. 1 '12 1,300 May 1 ' l l
11 1,000 M aj l ’ 1 8 1 2.500 N ov . 1 ' l l
l
$27,000 school-house and $126,825 Shrewsbury Street im
provement 4% 10-year registered bonds dated July 1 190 i,
mentioned in V. S3, p. 1138, were awarded $47,000 o the
The above bonds are subject to call at any interest-paying Peoples Savings Bank of Worcester at 103.10. $27,000 tojthe
period by giving .'10 days notice.
Worcester County Institution for Savings of Worcester at
Waynesboro School District (P. O. Waynesboro), Frank 102.91 and $101,825 to George A. Fernald & Co. of Boston
lin County, Pa.— Bonds Voted— Bond O fferin g . — On Nov. (5 at 102.034. Following are the bids:
the voters of this district authorized the issuance of the People’s S.B.,Wore.($47.000) .103.10 13. H. Rollins & Sons. Host 101.72
101.597
§20,000 4% refunding bonds mentioned in V. S3, p. 929. Wore.Co.Inst.for Sax’($27,000) 102.91 | R. h. Day & Co. .Boston
.101.577
Proposals for these securities will be received until 8 p. m. G.A.Fernald&Co.(Bos.)all). 102.03 i IKstabrook & Co., Boston
N. W. Harris & Co., Boston I0 l .037 Merrill .Oldham&Co. .Boston 101.070
. 101.9111Blodgct,Merritt & Co.. Bust 101.073
Dec. 10 by J. E. Frantz, Secretary of the Board of Education, Adams & Co., Boston
at the office of Watson R. Davison, Walker Building, Blake Bros. & Co.. Boston 101.77 I
Youngstown, Ohio.— Bond S a l e - -The following bids were
Waynesboro. Denomination §500. Date Jan. 1 1907.
Interest semi-annually at such place as may be agreed upon. received on Nov. 12 for the six issue s of 5% bonds described
Maturity thirty years, subject to call after fifteen years. in V. 83, p. 1,000:
518,151D 813,15,5 $2,250 Garllck
5360
Each bid must be made on a blank form furnished by the
North
Elm
Warren
A venue.
Street.
A ven ue.
Vvenue.
city. Certified check on a national or State bank or trust
P ar inn
P avin
Pavin
company for 5 % of the bonds bid for, payable to H. C.
19,179 00 513.390g.45 52.282 g. Paving.
Criswell. Treasurer Board of Education, is required. The Well, Roth & Co., Cincinnati
19,103 00 013,570 00 £12,305 00 oS367 62
Firemen’s Pens. & Co., Clncln. 19,057 50
36
purchaser will be required to furnish the blank bonds at his Rud. Kleybolte I'd., Yngstoxvn. 19.121 00
expense in registered or coupon form as desired. Bonded Denison & Farnsworth. Cieve
19.117 50 13,555 75
19,086 75 13,508 00
debt, including this issue, 847,500. Assessed valuation Seasongood & Mayer, Clncln.
Otis & Hough, Cleveland19,082 91 13,539 13
81.620.027.
Brlghton-German Bank Co.,Cin 19,075 02 13,552 88
19,072 50
Whitman County (W ash.) School District No. 59. — Bonds Lamprecht Bros & Co.. Cieve
19,060 00 13,480 00
Hoehler A Cummings, Toledo 19.027 75 13,492 75 2,267 50
Not Sold.— No sale was made on Nov. 3 of the 820,000 Hayden. Miller & Co., Cieve.
10-20-year (optional) registered school-building bonds de W. J. Hayes & Sons. Cleveland. 18 .978 00 13,494 00 2,288 50
2.282 00
Security SawPen. Fd., Yngst’n. 1S.976 00 13,486 00 2.27S 00 369 25
scribed in V. 83. p. 113S.
____ __
Policemen’s Bk. & Tr. Co.,Tol. ____
Willoughby, Lake County, Ohio.— Bond Sale.— On Nov.
5800
Sewer- ---- H In e Street Sew er Bonds ---12 the 83.500 4 J^% 5 5-6-year (average) water-worksR ep a ir
S2.600 052,32100Rate ofbid
§2,260
extension bonds described in V. S3, p. 1,000, were awarded Firemen's Pen.Fd.. Youngstown.«$810 74
... 2,318 50 102.699
W . .1. Hayes
102.588
to F. L. Fuller & Co. of Cleveland at 102.028 and interest. Security Saw& Sons.Tr. Co., Toledo____60 52.728 00
Bk. & Cleveland _ 802
2,700 75
__
101.503
Following are the bids:
Well, Roth & Co.. Cincinnati............ ... ______ 2,315 00 102.433
F. L. Fuller & Co.. Cieve. 53,571
Well. Roth & Co.. Clncln - 3.555
Emery.Anderson 5c Co..Clev 3.552
Seasongood & M ayer. Cin
3,548
Hoehler <- Cummings. Tol 3.547
1
Denison & Farnsworth.Clex' 3.540
00 Secur. S. B. & Tr. Co.. Tol 53,545
00 Hayden, Miller & Co, Cieve 3,542
50 Lamprecht Bros. & Co.,Clcv 3,530
50 Otis & Hough, Cleveland
3.520
50 W. R. Todd & Co.. Cincin_ 3,517
50 IW. J. Hayes & Sons, Clew. 3,517
Woodbury, Gloucester County, N. J.— Bonds Not
No bids were received on Nov. 12 for the 884.000 4 %
sewer bonds described in V. 83. p. 1062.
Worcester, M ass.— B o n d Sale.— On Nov. 9 the
Millburv Street paving, 812,000 Southbridge Street
A Financial Courtship
Or a Plea for Conservative
Investments
$10,000
paving,
Established 1SS5.
2.286 50 101.172
IN V E S T M E N T S .
ERVIN & CO M PANY,
William R„ Compton
BANKERS,
Bond & Mortgage Co.
In 1889-)
The above book will be furnished
w i t h o u t cost on application to
E. H ROLL.NS & SONS, 21 Milk
St., Boston.
___ ..
All the above bids include accrued interest. We are in
formed that “ owing to an error in some of the advertisements
of the Hine Street sewer bonds some parties bid on $2,260
and some on $2,660, the latter being the proper amount (and
so given in the “ Chronicle” ); so all bids were reduced to the
rates shown above (in the last column) and the award made
upon that basis.”
M ACON. M ISS O U R I.
(EstabUahed
( B y Frank W . Rollins)
w ,
(New York Stock Exchange,
*em ers) Philadelphia Stock Exchange,
M ISSOURI M UNICIPAL BONDS—
School, City, County and Drainage
BONVMt
FOR
IN V E S T M E N T .
Ou? list gives a wide selection of
43 Exchange Place,
Brexel Building,
many attractive issues in sizes of
$2,000 to $100,000
New York.
Philadelphia.
Opinion Chicago counsel, full legal
papers furnished
Specialists in New Jersey Securities.
We buy direct and handle nothing on
brokerage
in c
Close buying, large volume and small
profit make our offerings attractive
BANKERS.
Send for latest circular
Members of New York and Philadelphia
New York, Chicago, St Louis and
St< ck Exchanges.
Kansas City references
E lS E L E & K
H . C . Speer & Sons Co
First Nat. Bank Building, Chicago.
AND T O W N S H IP
Sold.—
coupon
Hoehler & Cummings, Toledo.. . . . .
a These bids were successful.
INVESTMENTS.
INVESTMENTS.
CITY C O U N T Y
00
50
40
00
50
00
B O N D S.
W I L L I A M U . C O M P T O N . P resid en t.
4 W a r d e ll B u ild in g .
P rivate W ires to
N .Y .n n d Philadelphia.
,
7 5 7 -7 ^ 9 B r o a d S i . ,
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Ev' ybody connected in any way with a telephone exchange— subscribers,
management and stockholders— demands results.
T.1 •subscribers demand results in the shape of good service; the management
• • :' 11< - 1•5'i. s in the shape of good service and econom y of operation and main:
I __ mce; the stockholders demand results in the shape of profits, regular and sub_
INVESTMENT BONDS,
60 State Street,
BOSTON,
stantial dividends and stable stock values.
Tie Automatic s producing results that satisfy eve ybody.
equipment that will satisfy everybody is the kind yon want.
Our Automatic system has been adopted in the folloxvinc cities:
Aberdeen. S.
Akron. Ohio. D. M.
Albuquerque, N.
Allentown.
Auburn. N. Pa.
Auburn. Maine.
Y.Mien.
Battle Creek.Wash.
Bellingham.
Berlin. Germany.
Buxton. Iowa.
Cadillac. Mich.
Champaign. 111.
Chicago. III.
Clayton. Mo.
Cleburne. Texas
Columbia. Ohio
Columbus, Ga.
Dayton, Ohio.
El Paso. Texas.
Fall Itlvcr, Mass.
Ferguson, Mo. Mich
Grand Rapids.
Hastings.Cuba.
Havana. Neb.
Hazleton. Pa.
Hopkinsville. Ky.
onesboro. Ark.
Benton.
wIston;Neb. Minn,
Me.
,‘ngeles. Iowa.
ter. Cal.
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Marlanao, Cuba.
Marlon, Ind.
Medford. WIs.
Mlamlsburg. III.
Mount Olive.Ohio.
New Bedford. Mass.
Oakland. Cal.Cal.
Ocean Park.Mich.
Pentwater.Me.
Portland. Ore.
Portland.
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San Diego. Cal.
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Santa Monica.
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spokanc. Wash.
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Urbana, 111.
Van Wert, Ohio.
Walla Hill,
Watch Walla.R.Wash.
Wausau. WIs.I. I.
Westerly, R. Del.
Wilmington,
Woodstock. N.B., Canada,
C O .,
CHICACO, U. S. A.
Blodget, Merritt & Co ,
BANKERS,
16 Congress Street, Boston.
8W N A S S A U 8TKKKT,
NEW
YORK.
STATE 01T ? & RAILROAD
BOND?*.
M U N IC IP A L AND R A ILR O A D
BOW DS.
I J S T ON A P P L I C A T I O N .
SEASONGOOD & Ma JEB
m e rca n tile L ib ra ry B u ild in g ,
CIN CIN N ATI.
I252
I
[V
THE CHRONICLE
ol.
L X X X III
.Financial.
^ i u 'i m c m L
”~c^p^W iTio,fl6o .....
T itle guarantee
and TRUST
COMPANY
176 Broadway. New York.
175 Reinsen Street, Brooklyn.
198 Montague Street. Brooklyn Banking Uept
E x a m in e s & g u a r a n t e e s R e a l E s ta te T it le * .
15 N A S S A U S l'K E K T
Capital $3,000,000
Surplus $10,000,000
A L V IN
LA W R E N C E
LY M A N
L
W . K R E C r l, P re sid e n t.
G I L L E S P I E , V ice -P re s id e n t.
R H O A D E S J R .. A s s is ta n t S e cretary .
F R E D E R I C K W . F U L L E , Sec. a n d T re a s .
H U G H
M.
A L K E R , A s s is ta n t T reasu cer.
TR U STEE S.
W in s lo w S. P ie rce
C. P . A d a m s 2d
John F. D ryden
C . 8 . A le x a n d e r
F r e d e r ic k W . F u lle
H . H . P orter
H . M . A le x a n d e r
L a w r e n c e L . G illes p ie
H en ry S. R ed m on d
H u g o B a rin g
E . H . H a rrlm a n
L y m a n R h o a d e s Jr..
P . R , C oudert
T . H . H u bbard
J . H e n r y S m ith
Paul D . C ravatb
B ra d ls h J o h n s o n
V . P . Snyder
W , H , Crocker
O tto H . K a b n
G a g e E . T a rb e ll
T . D e W i t t C u y le r
A lv in W .
S ir W i l l i a m C . V a n H o r n e
Krech
W illia m A . D a y
L . F . Force
H en ry C . D e m in g
D . H . M o ffa t
G eorge T
M . H a rtle y D o d g e
Pau l M orton
H e n ry R o g e rs W ln th ro p
H . M . W a lk e r
W ils o n
R a lp h P e te rs
L o a n s M o n e y o n J io n d a n d M o r tg a g e .
F u r n is h e s M o r tg a g e s to In v e s to r s .
R eceives D e p o s its s u b je c t to ch e ck , a llo w in g
In t e r e s t .
D oes a l l T r u s t C o m p a n y B u s in e s s .
P1NANCE COMMITTED.
Id Charge of Banking Interest!.
EDWARD T. BEDFORD.
CLARENCE H. KELSEY.
EDGAR L. MARSTON.
WILLIAM H. NICHOLS.
JAMES H. OLIPHANT.
CHARLES A. PEABODY.
JACOB H. SCHIFF.
JAMES SPEYER.
EDWARD O. 8TANLEY
CLARENCE H. KELSEY President.
FRANK BAILEY, Vice-President.
BDWARD O. STANLEY Second Vice-President.
Manager Banking Department.
CLINTON D. BURDICK, Third Vice-Presldect
J. WRAY CLEVELAND, Secretary.
ARTHUR TERRY, Treasurer
PRANK L. SN1FFEN, Manager Brooklyn Banking
DeDartment.
THE NEW YORK TRUST COMPANY, Colorado Springs & Cripple Creek
28
District Railway Co.
BROAD STREET,
Capital, $3,000,000.
Surplus and Profits, $10,779,621*
O TTO T . ISANNAI&Bt, P resident.,
WILLARD V^KmG, > V5ce. presidents.
FREDERICK J. HORNE, Secretary.
ALES. S. WEBB JR.,?
HERBERT W . MORSE, ist Asst. Secretary
MORTIMER N. BUCKNER, Treasurer.
ARTHUR S. GIBBS, 2 d Asst. Sec etary.
TRU STEES.
Chas. W. Harkness,
Willard V. King,
Otto T. Bannard,
E. Parmalee Prentice,
James N. Hill.
S. Reading Bertron,
Woodbury Langdc a, Edmund D. Randolph
James A. Blair,
F. N. Hoffstot,'
Norman B. Ream,
Gordon Macdonald.
Robert W , deForesl. Arthur Curtiss James, John J. Mitchell,
B. Aymar Sands,
Frederic B. Jennings, lames Parmelee,
John B. Dennis,
John W . Sterling,
Elbert H, Gary,
Waiter ] ennings,
fames Stillman,
John 8. Phipps,
Chauncey Keep,
George W. Perkins,
Joseph F. Grace,
Hrnst Thilmann,
. A. Valentine,
Myles Tier ey.
(COLORADO SOUTHERN SYSTEM)
First Mortgage 5 %
Gold Bonds
T. W . S T E P H E N S &
CO,
2 'Wall Street, New lorfe.
BALTIM ORE
Continental Building
CHICAGO
1st Nat. Bank Bldk.
H IG H GRADE BONDS
LSsSs u p o n r e q u e s t .
Jones, Caesar, Dickinson, Wiknot
k Co.
Certified Public Accountants.
(Illinois)
N EW YORK.1
5 4 W illiam St,
C H IC A G O !
Tribune Bldg.
P IT T S B U R G H *
People’s Savings Bk. Bldg.
ST, LOUiSi
Stock Exchange Bldg,
LO N D O N t
[ENGLAND],
3 Fredericks Placa, E.C.
SAN FRANCISCO *
Monadnock Bldg.
M ELB O U R N E*
[austral. Ai,
$ Queen Street.
Denison
Farnsworth,
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THE
SOUTH.
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Securities, Real Estate, Timber Mines,
Industrial Properties, Farm or Town
Mortages in all parts of the South.
METROPOLITAN INVESTMENT CO.,
GEO. B. E D W AR D S, President, Charleston 8 . C„
Commercial and Financial
tn ali parts of the world. Agent. Business undertakers
Satisfactory references.
R A N G E OF PRICES
FOR 24 YE AR S.
1 8 8 2 —1 9 0 5 .
ONE PIECE OF PA PE ft QQOD THE WORLD OVER
Are You a
Money Order
Bank
9
WKTT£ *OSt
The standard, uniform Money Order of the
Bankers’ Money Order Association is now a
familiar feature of American banking, This
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