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1
..
inanrt
INCLUDING
Bank and Quotation Section
and City Section (semi- Annually)
Street Railway Section {^-^tJ^^^)
State
(Monthly)
Railway and Industrial Section (Quarterly)
Dana Compant, in the office of Librarian of Congress, Washington, D. C.
York, as iecond-clasa matter— William B. Dana Company, Publishers, 79)4 Pine St., N. Y.
Entered aooordlng to Act of Conjnress, In the year 1904, by William B.
weekly newspaper entered at Post
A
VOL.
New
Office,
SATURDAY, NOVEMBER
79.
19,
1904
NO.
2056.
WeeK endino ISovember 12
—
Clearinqs at
1903.
Inc. or
1901.
Dec
PUBLISHED WEEKLY.
—Payable
ol Subscription
Terms
Boston
Providence _. ... ^ ...
Hartford
in Adyance
?10 00
6 00
13 00
7 50
For One Year
For Six Montia
European Su'jscriptlon (including postaKe)
European Subscription Six Months (including postage)
New Haven— ...>.....
Sprinsfleld
Worcester
Portland
Fall Kiver
Lowell
£2 148.
Annual Subscription in London (including postage)
£1 lis.
Six Months Subscription in London (including postage)
Subscription includes following Sections
State and City (semi-annually)
Bank and quotation (monthly)
Bailwatand INDCSTRL4.L (quarterly) Street Kailway (3 times yearly)
New Bedford
—
Holyoke
Total
I
New England.
136,585.959
7,087,600
2,702.134
2,025,053
1,866,524
1,814,286
1,737,455
701,577
500,816
559,800
515,916
155,097,126
140.270.963
7,373.100
2,492,654
1.807,498
1,551.653
975,018
1,643 91!
1,150,783
633,009
838,009
451,450
-2-6
—3-9
+8-4
+121
143.926,595
7.952,200
2,696,.S71
1,934,6:54
-11-9
1.732.860
1 784.059
1.338,215
1,085,928
551,806
572,690
+34 8
+5-7
— ;<90
-20 9
—33-3
+14-2
—2-6
159,188,103
143,207,623
8.152,500
2.713.625
1.-836,432
1,742.409
1.583,953
1,647,062
1,190.454
620,484
410688
651,846
877.936
169,007,140
163,734,323
179,792,897
23,129.500
15.400,146
12,738,014
8,702,088
5,741.468
4,631,800
3,324,687
2,980,070
2.054,030
169.173.781
20.908,850
14,201,220
14,656,122
7,177,508
5,053,522
4,710,750
2,637.029
2.7S5,373
1.630,929
1,835,295
902,457
1
Terms
of
ChlcaKO
Advertising— Per Inch Space
$4 20
rnuisient matter per inch space (14 agate lines)
T-wo Months
(8 times)
Three Months (13 tunes)
Six Months
(26 times)
I Twelve Months (52 times)
22 00
29 00
50 00
87 00
DANA COMPANY,
Pine Street, Corner
Box
Post Office
ol
Detroit
Milwaukee
Indianapolis.
6.ft45.507
Columbus.
Toledo
5,483,500
8.256,604
3,349.872
2,008,524
1,632,271
Grand Rapids
Dayton
EvansvlUe .>
O.
Akron.
Publishers,
Springflel d.
NEW YORK.
Lexington
Canto n.....^.
Rockford
Sprlngfleld,
CLEARING EOUSIJ RETURNS.
O
week and
Decatur......
Mansfield
.Jacksonville
Jackson
Ajin Arbor
Total Mid. Western
San Francisco
Los Angeles.
. .
VUnHngs— Returns uy
Teleqi-aph.
New
Vork.
+22-6
+15-S
+15-0
+20-7
58,5:i0,0»5
19,681,511
19,692.891
-0-1
12,304,848,130
314,976,08?
$1,413,122,993
305,698 946
+03-1
1.35.520,152
111,:324,074
PliUadelphia
Biiltimore
22.000.831
179.760.984
Chicaeo
St. Louis
New Orleans
Spokane
Tacoma
Helena
Fargo
Sioux Falls
Total Pacific.
all cities
for week..
Kansas City
+30
*2,61U,.S31,223
$1,718.821939
525,124,369
348.278. 9(18
+52-4
-50-S
5^3,144,948,592
42.067,100 907
+52-1
Umaha
St.
St.
Paul
Joseph
Denver
Des Moines
City
Topeka
Davenport
week covered by the above will be (^dorado Springs
given next Saturday. AVe cannot furnish them to-day, clear- Fremont
ings being made up by the clearing houses at noon on Satur- Cedar Rapids
Total other West'm
day, and hence in the above the last day of the week has to
St. Louis
be in all cases estimated, as we go to press Friday night.
New Orleans
full details for
Wichita.
the
We present below our usual detailed ligures for the previous
Louisville
Houston
week, covering the returns for the period ending with Satui-- Galveston
Richmond.
12, and the results for the corresponding Savannah.
week in 1903, 1902 and 1901 are also given. Contrasted with Jlcmphis
Atlanta
the week of 1903 the total for the whole country shows a gain Nashville
Norfolk
of 206 per cent.
Outside of New York the increase over 1903 Fort Worth
day noon, Nov.
is 2'1
Birmingham
per cent.
CUarinot at—
1904.
Phlln.lelphla
Pitt^Ou^gll.
IJaltunore
liulliilo
Wash inKion.
Albany
Itociiester
8crantoii
8yra<;use
WllminBton
Wliki's Harre„
Whoe.lnc
lilnirhamton
Green ibuTif
CliOMtcr
1
;
Inc. or
Pa
Keadiug..
Total Middle
l;07.818
870 700
062.09S
4:)2 OOO
355 971
395.974
500.172
221,774
1
+34-3 1.747,727,857
--10-1
+ 15-7
+1-4
-121
+ 15-0
674.5:{0
47:!.800
-17-8
491.804
500,328
534,425
216.877
-27-7
-21-0
-6-4
+2-3
1,015,7;)5
—
(1
ii,
If
s
l,704.4:i8.5S0
111,310,025
42,02fS.231
30,7.-<:i.
24,(07.-53
3,790 8:11
3,759 91-, 1
2,703,«4l
1 400.000
3.105,.829
;i7
0,0.",;). SI-'
4, 20:1. -^"1
2.3;JO,072
1.482.0S7
,:tH9,470
1.40.1.7',(i;
1
1,;^00,OM
1.161.723
847,97;
907.306
770.500
420
0. 10
3Krt.0('0
4.0.929
450,880
4 •8,790
331.393
,S80 0:i
8-,-,
(
2tS8.895,001
36,755.963
7,181.994
5.029,00'
3,694.093
4,918.154
8,079.275
2,768,026
80,475,829
7,104.948
+26-0
-4-4
+0-04
+5
673,5."j2
50 1. .'•44
845 212
5
—12-3
+20-3
—38-1
+27-3
—9-7
1,734..S48
1,100,051
+138
—20-b
-2-4
+12-8
+111
-20-5
— 16-1
+37-9
+12-8
+20-0
—0-5
+09
+1-1
+11-5
+1-8
8,630.278
4,390.948
2.870,950
2,307.430
+119
+7-3
+20
'
78,5d6
141,100
181,901
78,555
2i,'7,905
82,74
07,540
249,484 959
85,691,875
5,915,441
5,17,^:03
4,004,915
4,528,018
2,290,223
2.300 000
28.180,139
4,260,813
277,'/
+34-3
753 013
842.090
+103
—i"5
3..7,777
607,000
501,212
490,723
492 024
540.908
450,780
390 248
884,075
292,425
819.482
810,900
629,661
699,017
631 338
531,9
557,150
418,869
478,846
282,579
326.778
220,006
217,813
210,041
—15-0
-15-6
4511.420
3.8:i0,753
4,050,031
3,5:i;i.362
1,480,476
1,450,000
610,127
270;,'ls
730 893
2i;S279
6L777.712
4S,403,37tt
+4-8
20,063.605
+5-7
20.747,751.:
19,060,055
21,745. ;32
-0-5
-14-5
7,760,0li0
0,S7t),-i96
0.920,901
4.854,539
5.205.377
2.695.351
1.671.097
1.453.942
7,010.456
9,S8.88;)
i,io:;,:j56
040.024
509.420
131,435
563 209
919,300
74.042.477
72.933.298
61.143,3.13
53,903.332
15.708.053
9.099.156
69.355,956
56,982,330
24,458.823
22.442.182
23 838,606
7,724. i:J5
7.761. lO"
7.042,121
4,325.186
4,811.779
2,109,830
1,201.003
1.105,790
8.232.550
4.979,809
5,523,901
—
2,01O,::40
-19
lal.
+31-2 1,958,622.350 1,898.,500.136
795.789
1,030,^C.6
21,225,043
B9.510,,329
20,771 ,599
11,686. 15
7,5;J8 ,108
7,1 2B,.500
5,051 12;
53,662,240
+35-5
5,205, 312
4,400,8 12
7,424,499
7.U50 092
3,718 510
a,786 369
2,049 .301
2,792, 640
1,480, 794
+10-9
-8-9
+ 19-4
-252
10,071,227
6,178,000
+ 15-3
+2-4
4,9:M.n
3.4S,S,903
.
+1«1
+7-1
+6-6
2,480.848
2,202,10)
2,115,964
+ 12-3
+9-0
998,000
Total Southern....
Total all
Outside New York.
2 7 '2
—220
22,811,571
9,786,724
679 70^
Columbus, Ga
—122
+
1,025,00
1,412,837
JackHonville
2
13-2
447 048
506,224
+8-7
164,202
151,170
;W7.40O Not includt d ill to
—1-5
79,018,636
77,797,940
1,403, ,202
1,535 .450
Beaumont
l,i-l
-12-9
1,430 1)84
1,517,297
1,019,528
775.187
1,162 044
1,833 334
t'h attan ooga
24,402,34:'.
7,178,9,')2
+80
-05
-207
-94
2:i7,9:i7
96(1, IMO
l,bai,3«l,607 1,393,015,214
119.249.063
267,825,361
Kock.
Charleston
MHCon
190 L
S
1.614,801.652 1,202.441,364
114,697,459
104,156,95::
44,469.357
38,427,014
22,224,782
21,927 040
0.138.618
6,979,120
4.837.639
4,180,250
3.897.319
3.747,981
8,032,417
2.79:J,120
1 ,502.800
1,826 4 1'i
1.432 708
1,4:39,05s
889,304
431.881
234.9
219.171
267.464
224,399
116,045
Augusta
1/ittle
12.
1902.
Dec.
*
New York
Krio
Franklin,
1903.
+10
637.74''
729.291
748.6S6
564.115
588.057
562.598
403,591
345.200
888,434
295,716
261 ,379
194,015
194.866
96,747
932,040
822,052
+70
—10-8
-5-0
-12 6
1.904,797
1,860.076
1,269.056
930.000
1,3.50,888
9(i8,0r3
1,8,59,309
Kno.xville
Uf«& ending November
576,100
811 895
658,290
851.770
479.599
496.934
446.208
—0-5
182,828,285
21.888,450
14,888,231
11,379,571
9.329,050
0,001,421
4,351,500
3.405.462
3,348.654
1
.•<ioux
Total
The
5 days.
Iday
All cities,
+26
Seattle
Salt Lake City..
Portland.
Minneapolis
Seyen cities, 5 days.
Other cities, 5 days
all cities,
4-82-9
4972,250,914
110,581,009
96,140,676
19,088,153
148,982,284
46,431 066
61,778.023,889
Boston
Total
P. Cent.
1903.
1904.
Week Endino November la
L526,405
393,'
Bloomington
yuincy
The following table, made up by telegraph, etc., indicates
that the total bank clearings of all the clearing houses of the
United States for the week ending to-day, Nov. 19, have
been $3,144,948,592, against $2,537,333,189 last
$2,067,100,907 the corresponding week last year.
Ill
YounKStown
Kalamazoo
Pearl Street,
9.58.
Cleveland
Peoria
CHICAaO OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE—Edwards & Smith, 1 Drapers' Gardens, E.
TFIIililAM B.
181,446,674
23 426,900
13.285,500
10,813,301
8.152,499
Cincinnati
—69
+3-.i-0
+200
-1-4
-10-0
+8-7
-31-9
—
719,',859
836,808
14
tigu res nor, aval labie.
99' ,006
751,290 +32 8
5,4K!,.599
4,8,S8,560
2,192,, 24
1.0U..'iH0
1,318,183
160.689
tal.
17,782 087
10,278.327
8,483.931
4,808,000
4,332,957
5,243.621
0.287,204
3.198.000
2.228.701
1.740.089
1.789.045
1,284,78
915.473
2,297.287
7.3^2.4.80
;j.912o00
:i,705,r76
4,645,9:16
4,725,004
2,934, :i56
1,003,163
1. 5-1.).
179
1,779.291
1.195.821
1,441.08(;
761,744
1.401.447
1,000.908
927,000
600,000
503,453
869,209
809,285
7ii7.o6o
Weekly
816 506 Not Innlurle d Into ral.
+4-8 125.151,000 117,704,26»
139,375,210
2^527\322^l l,00r,,r!7 4,505 +20-6 2,000.308.125 2.552018.317
+2-1
848,179,728
918,580.368
912,520,537 "894^33,141
146,064.299
CANADA—
Montreal
28,040,62
Tiironto
19,20,'i.l.38
8,0.')0 2ii5
Winnipeg
25.050.2,S1
15,593,2:14
7,29:1.00'
+1 1 -0
+2;t
24,724.044
16.112.044
+ 10
5.2,'<\945
-11-8
1.845.078
1.970.0S3
+5
1.090217
Halifax
l,70,'),:i2^
1,9:S4,5,")1
Ottawa
Quebec
2,40.-v948
2,022,0)00
3,lr.7,219
V anco uTer.
1,690,681
1,855,419
1,202,195
1,123,392
1,016.116
1,4S.-,.92S
+ 142
1,107.440
1.000.732
07,809,739
09,7<:0 301
Hamilton
St. John
London
victoria
Total Canada
1,921.510
1.147.012
21,000.000
14.078.01W
4.K)2.027
1.700.1KI0
1,751,178
1,506,082
,050.003
1
-•224
1.0:i2.894
--2<f2
854,4;tS
-315
868.878
724.271
800,295
--201
+13-7
(V95.262
48».i(V86
55.9l»0,U48
48,105,446
904,987
786,797
THE CHRONICLE.
2170
Standard ' says that a Russian loan of $270,000 000 was signed on Saturday. The correspondent adds
the
THE FINANCIAL SITUATIONThis has been a variable week in conditions and in
the
[Vol. Lxxix.
The
turn affairs have from time to time taken.
'
that the Rothschilds guarantee the success of
On
loan."
November
the 13th of
th(f
whole
a different yet some-
ice, snow and wind stonn of Sunday night and Monday what similar announcement dated
morning caused wide interruption in the domestic tele- made: " St. Petersburg, Nov. 13.
—
St.
It is
Petersburg was
understood tliat
Even at the opening of arrangements have been practically completed for the
Stock Exchange Monday, Southwestern, Western floating of a loan for $250,000,000 in Berlin, of which
and Northeastern wires were still down, it being stated German banks have underwritten three-quarters and
graph service of the country.
the
that at no
time since 1888 had Wall Street business
been so badly crippled._ Notwithstanding the service
was thuB extremely
poor, trading
was heavy, stock
sales
being on that day 1,537,000 shares
This was notably the
effect
of the
notices
of the success the negotiations had reached, notwithstand-
ing neither
New York
nor London bankers appeared
ready to confirm the claim,
Prevailing influences have invited profit-taking sales.
Such repeated
Holland banks the remainder."
We
notice that none of the
is
a very unusual situation.
London
financial papers ofj
unanticipated with-
November 5 received last Saturday, nor any of an earlier
drawals Monday of $3,700,000 gold for export to Paris. issue, make mention of such a transaction in prospect or
That demand was explained as caused by requirements speak of it among the influences present or prospective
connected with engagements growing out of the Eussian affecting European money markets.
The same report stated that the loan was for $250,loan.
The Fall River situation presents to-day the most im000,000, half taken by Germany and half by France. The
deterrent effect of the renewal of the gold outflow to Paris
and notable feature in the industrial affairs of
was chiefly due to the circumstance that our bank reserves the country. Another attempt was made Monday to
Buffered so material a loss in cash last Saturday as to open the mills, which have been closed now about 17
make closer money a fear, though there was no quotable weeks, or say 4 months. The machinery was set in moehange in the rate. Another influence tending in the tion and the employees were invited to return to their
same direction was more active money in London, said positions. The effort thus far has not proved a sucOne
to be due to the takings at that centre of the Jap- cess; but some superintendents are encouraged.
anese loan and also to heavy withdrawals from the would suppose that the throwing out of employment of
Bank of England for Egypt. Moreover, it was sug- 25,000 men and the stopping of about 2,250,000 spingested that an additional gold shipment from New York dles would have long ago come to an end in a natural
would be made to Cuba this week of three million way. On the one side is the endm-ance of the
dollars.
On the other hand a semi-official announcement men a power that can never be limitless, though
was published fr'om Washington denying that the Secre- a large part of them have scattered and found
On the other hand are the
tary of the Treasury was contemplating withdrawing other employment.
from the depositary banks early in December from 20 to mill managers, who are just as imperatively subject to
25 million dollars such withdrawals, it was announced, conditions. The mills never could have kept idle for so
if deemed necessary at all, would not be made until long a time had there been a demand for their goods at
January. Later in the week (Wednesday) Secretary remunerative prices. That is the significant factor which
Shaw was in New York and is reported to have said holds in control the movement of the spindles a factory
that he did not expect to need the money before January, contains as absolutely as does the arm of the engineer
and that the chances of a call before the new year opened that turns on the steam. There must be something abpressive
—
;
were remote.
normal in the case to permit an unadjusted difference to
see the
throughout be so long continued as has here existed.
evident
the country for 25 per cent of Grovernment deposits held truth of that statement illustrated and made
by them, 10 per cent to be paid into the United States in the expressed willingness of the managers to submit
Finally yesterday afternoon the Secretary
We
issued a general call on the national banks
Treasury on or before January 15 and 15 per cent on or their fiinancial situation to a committee of the strikers in
March 15. It is estimated on the basis of 105 support of the claim of their incapability to continue
before
million
dollars
now
in the
banks that
this
call will re-
The Russian loan
referred to above
operations at the old wages.
What,
quire the surrender of $26,250,000.
is
apparently in a
then, is the
the part or the mills'?
power that
It
is
enforcing idleness on
can be no
trifling matter.
It
most unsubstantial form. To be sure we hear of it every is competition on a large scale, an industrial revolutionnow and then as if it were a perfected arrangement but ary force, working in that ponderous, irresistible way
soon after being announced it vanishes or passes into an nature one of the mills of the gods always works.
inchoative state. Its existence has been reported with con- Stated in brief, it is simply the fiict that the South has
siderable detail by cable and has on several occasions been within a very few years become the manufacturer of
;
—
—
charged with being the cause of the gold exports which cotton goods on a very large scale, and all cloths of the
have been in progress from New York. And yet we have description the Fall River mills are making the cotton
been unable to fix its status or even to follow up its trail States can put on the market cheaper than Fall River
Only at lucky moments, when consumption of
so as to reach any confirmation in Europe of the assertions can.
the cablegrams contained.
The
earliest notice
of that
these
goods
in
the
United States
is
abnormal, are
to make
Fall River mills able at the old wages
money, and those lucky moments have been getting to be
ers to loan Russia 270 million dollars, the first instalment shorter and shorter more recently because the South is beOn the first of November an- coming every month a larger agency in cotton-goods
to be paid in January.
Readers who want information as to cotother somewhat similar cablegram appeared in the rivalry.
columns of the daily press.
It read as follows: ton manufacture and its development in the South"London, Nov. 1.
despatch from Brussels in ern States will have to study our figures and remarks to
kind published was in October, which claimed the completion
of negotiations
—A
by
German and French
bank-
;
Nov.
THE CHRONICLE.
19, 1904. J
be found once a year in our annual
Eeport" (see
Chronicle,
for last report,
2171
"Cotton Crop
movement be
carried too far, thereby inviting the natural
Sept. 10 1904,
concomitant
of
such
a
—a
situation
How-
relapse.
manufacturers of iron
and steel appear to
pages 937, 939, &c.), which covers each year's Southern ever,
very cautiously, raising prices with great
development as well as the development in all other be proceeding
Cotton
centers of cotton manufacture in the world.
manufacture of the heavier makes of goods would be-
care and only in those cases where the relation between
extinct industry at Fall River if its mills were
than the goods market
to agree to give higher wages
Under these circumstances the Fall Eiver
authorized.
advances in quotations based on legitimate conditions
belong in an entirely different category from efforts to
come an
mills are not free to do
what the men demand.
supply and
demand
keep prices pegged at an
much more
level wholly out of
artificial
accord with the true status of
situation not
Obviously,
clearly justifies the step.
This last was the
affairs.
Up
than two months ago.
to
figThe resumption of gold exports from New York to about September manufacturers had held prices at
trade
conditions
basis
warranted
by
the
far above
Paris this week, which we referred to above as being due ures so
result simply was to check consumption and to
the
that
made
for
gold,
was
demand
the
in
urgency
to a special
holding back of all orders except such as
the
induce
London
bullion
through
matter
possible as an exchange
imperative immediate wants. It was not
cover
with the co-operation of the Bank of England would
dealers
by
metal.
restricting offerings of the
In
this
way
the
until
September 19 that the Steel Billet Association officreduced the quoted price of billets from $23 a ton,
and of American gold coin was ad- ially
November of last
vanced at London half a penny early this week to 77 at which figure it had been held since
cuts
were made before
unofiicially,
shillings 11^ pence per ounce for bars and 76 shillings year, to $19 50, though,
G^ pence for coin. As the result of this advance the the date named. This reduction in billets, it will be regold-import points at Paris and at Berlin on London called, was coincident with reductions in many classes of
were reduced, and gold was thereby prevented from be- finished products. The efiect was just what was expected.
ing drawn from the British capital to those centers. At The lower values stimulated demand, and the improveof gold bars
price
same time the above-noted advance in the market ment in the trade, which has now reached such profrom that time.
price of gold bars and of American gold coin in London nounced proportions, may be said to date
reduces the gold-export point at New York, thus facilitat- Moreover, it has been from the first, by reason of the
solid, substaning exports of the metal from New York to Paris as an lower prices, an improvement resting on a
ephemeral refrom
the
different
wholly
foundation,
tial
The movement to the French
arbitration operation.
were
quotations
while
spring
capital was further stimulated by the indirect allowance vival which occurred in the
consignments while they were still being maintained on an artificial basis, and which
on the
ot interest
the
transit.
in
Because
advantageous
these
of
con-
died out almost as soon as
it
started.
new
Out
a stronger tone in exmakers
change at New York on London, our bankers on situation has arisen. This week iron and steel
Monday engaged $3,700,006 of the commercial gold bars, have met and have made advances advances, too,
which was substantially all that was available at the which are legitimate, since they are the result of gen;New York Assay Office, being the accumulations of such uine improvement in the trade, with orders coming in
It seems hard to
bars since the supply was practically exhausted early in faster than they can be taken care of.
and
ditions
of this action of last September a wholly
because of
also
—
the
week ending November
Thereafter one of the ex-
5.
porters canceled his order; another
believe that such a wonderful change could have been
On
banker secured a part worked within the short period of sixty days.
Tues-
on Thursday $3,390,959 day of this week the Steel Billet Association had another
was exported to Paris. On Saturday (to-day) there meeting the first, we believe, since that of September.
will be
a further shipment of $534,648. Tuesday This time prices were marked up, not down. No attempt
occurred in exchange at Paris and was made to restore figures to $23 a ton, but the price
a recovery
of the relinquished
a
decline
the
former
so that
—
rates
in
fell
New York rate
sum,
off
New York
at
the
in
later
Had
on
week
London
while
the
was raised from $19 50
to
$21 a ton. This is evidently
mind the great activity
described this week in the mar-
conservative action, bearing in
prevailing, which is aptly
presumably more of the metal would have been ket report of the " Iron Age " in the statement that
forwarded.
The supplies of gold bars at the Assay Office " there is a buoyant feeling all along the line which ex-
recovered.
gold bars then been ob-
tainable,
week were not much in excess of
Possibly further engagments may be made
$1,500,000.
next week. The exports will, however, be determined by
the amount of the profit which the shippers will be able
presses itself in an eagerness to
to realize.
$2 a ton
$3 a ton
at the close of this
It is a gratifying fact
goods trade
is
the
that
New
England cotton
only large industry where
practically the
into next spring
tive
ers
of
whenever
been
has
the
in
for deliveries well
Equally conserva-
possible."
course
material.
finished
buy
taken
Advances
wire and sheet steel
steel
by manufacturwere made of
products, and of
but on the other hand the Nut &
to defer for the present raising
decided
Bolt Association
Furthermore, though at a meetprices for its products.
in
tin
plate;
Accounts regarding genand indicate an expanding
volume of business for the immediate future, the settlement of the question of Presidential succession having
undoubtedly tended to revive activity. In the iron and
steel industry, that most important of all trades, the improvement which has been in progress for many weeks
ing of the Eastern Bar-Iron Association bar-iron quotaa course cleariy warranted
tions were raised $2 a ton
continues unchecked.
time being.
Conditions are unsatisfactory.
eral trade are all favorable
try is
gaining such
In
fact,
the revival in that indus-
decided headway that conservative
people are beginning to get a
little
apprehensive lest the
—
by the great advance which has occurred within the
few weeks
in
grades
all
facturers of steel
and
bars, plates
tracted conference, decided
change
may
in
bring
the
prices
classes of iron— the
and shapes,
on Thursday
of these
but at the
servative element
is
moment
dominant.
a pro-
make no
classes of goods for the
Of course no one can
forth;
after
to
last
manu-
As
tell
what the future
certainly
the con-
a matter of academic
J
THE CHRONICLE.
2172
interest it deserves to
week
pig iron
be noted that on
Monday
of this
New
Treasury during the week of $100,000
York Produce Exchange began dealing in and $489,100 was
warrants. It does not appear that there was any
the
rush of people desiring to avail of the facilities thus provided for speculating in this important commodity.
(Vol. LXAix.
transferred hither from
to
New
Orleans
San Francisco.
Money on
call, representing bankers' balances, loaned
Stock Exchange during the week at 3 per cent and
at 2 per cent, averaging about
2 J per cent; the transacXo feature has been so pronounced in financial affairs tions at the extreme rates were, however, small,
and the
during 1904 as the active and prolonged demand for bulk of the
business was at 2^ per cent. Banks and trust
bondsj and nearly each week we have some new evi- companies
quote 2J per cent as the minimum. On Mondence of the avidity with which the investment public day loans
were at 2J per cent and at 2^ per cent, averabsorbs new loans of large magnitude.
This demand for aging
2f per cent. On Tuesday, influenced by the gold
bonds was indeed the forerunner of the great activity engagements, transactions
were at 3 per cent as the highand rise in the values of stocks which has marked the est; the lowest rate was
2| per cent and the principal
second half of the year. These reflections are suggested business was at
2^ per cent. On Wednesday loans were
by the announcement that Messrs. Speyer & Co. had at
per
cent
and
at 2 per cent, with the bulk at
2^
2J per
bought $25,000,000 First and Eefunding 4 p. c. gold cent. On Thursday and on Friday
transactions were at
bonds of the Chicago Rock Island & Pacific Ey. and had
2^ per cent and at 2^ per cent with the majority at 2
immediately re-sold the whole block to investors in this per cent. Time contracts
were more firmly held early in
country and in Europe. The bonds referred to are of the week at
3|'S)4 per cent for all periods from sixty days
course a high-grade obligation.
As has been previously to six months, on good mixed Stock Exchange
at the
collateral
pointed out in the
companies
title,
Island
&
there are three
distinct
Later, however, quotations were Si'SSf per cent on the
having the word
namely
purely
is
Chronicle,
a
the
holding
Pacific
"Eock Island" in their above grade of security and 4 per cent on all industrials.
Company," which Commercial paper was in good demand by local and incompany, the Chicago Eock. terior banks and rates were
4^'S)4f per cent for sixty to
"Eock
Island
Railroad
Co.
and
the
Chicago ninety-day endorsed
bills
receivable, 4^'S)4f per cent for
Eock Island & Pacific Railway Co. The latter is the prime and 5®5^ per cent for good four to six
months^
original Eock Island property and the bonds disposed of single names.
are the obligations of that company. The relations of
the different companies to one another were explained in
The Bank of England minimum rate of discount reour review of the Eock Island Company report in our issue mains unchanged at 3 per cent. The cable reports disof Oct. 29.
The Eailway Co. is paying dividends of 8 counts of sixty to ninety day bank bills in London,
per cent per annum on its $74,818,100 of stock outstand- 3 J per cent.
The open market rate at Paris is 2| per
ing, caUing for, roughly, $6,000,000 per annum.
The
bonds in question come ahead of this stock and the
$6,000,000 dividends a year paid on it from which
their character can be judged.
Besides the purchase of
—
the $25,000,000 bonds
by Messrs. Speyer
&
Co.,
Mr.
cent and at Berlin
According
England
to
lost
and Frankfort it is 4^®4| per cent.
our special cable from London, the Bank of
£404,652 bullion during the week and held
£33,402,224 at the close of the week. Our correspondent further advises us that the loss was due to
James Speyer enters the board of directors of the exports of £450,000 (wholly to Egypt) and to receipts of
" Eock Island Company " and becomes a member of
the £45,000 net from the interior of Great Britain.
Finance Committee.
that
Eock Island
As
to this, all that is needful to
say
be congratulated
The foreign exchange market was generally strong
financial this week influenced by a demand to remit for maturinar
obligations, including finance bills, and also to pay for
New York City revenue bonds which were placed abroad
There was no change in oflacial rates of discount by last spring and are now being
returned for cancellation or
any of the European banks this week and, compared extension. The supply of bankers'
bills was small and
with last week, unofiicial or open market rates were
^ of insufficient to meet requirements, and while there was a
1 per cent higher at London and ^ of 1 per cent at Ber- fair amount of commercial drafts against cotton, the
delin and Frankfort and ^ of 1 per cent lower at
Paris. mand for them was so urgent that they commanded full
The Japanese 6 per cent loan for $60,000,000 which was prices and acceptances were almost as high
as bankers'
offered in London and New York this week, half of
the sixty-day bills; very few grain drafts were offered. After
amount in each city, was largely over-subscribed.
opening quite strong, there was a recession in rates
The features of the statement of the New York Asso- for sight bills and for cables, due
chiefly to the fact that
ciated Banks last week were the decrease of $6 244
700 the demand for remittance had been partially satisfied by
in cash and a reduction of $1,217,850 in surplus reserve
the engagements of gold for export
is
interests
are
to
upon the accession of this new element of
strength to the management.
to Paris;
to the lowest for
but on
The loans were decreased Thursday there was a recovery.
An advance on
$14,789,000 and the deposits fell off $20,107,400. The Monday of one farthing in
the
price
of
bar
bank statement of this week should reflect, among other gold and of American
Eagles at London, to 77
the year.
items, the average for three days of $3,390,959 gold,
shillings llj pence per ounce for the former and to
which was exported to Paris on Thursday; also the
76 shillings GJ pence for the latter, and a decline of half
average for three days of $2,000,000 gold coin shipped a centime in exchange
at Paris on London, contributed
on that day to Havana, the average for one day of to make conditions favorable
fcr the
$1,000,000
and
exported to
for five days of
Cuba on Saturday
(to-day),
exports to Paris, and 83,700,000
resumption of gold
was engaged
for ship,
$2,000,000 forwarded to the same ment on Thursday. Though Paris checks recovered
on
destination on November 12, and the average for one
Tuesday two centimes, there was a further advance of a
day of $534,648 gold to be shipped to Paris to-day
farthing in the London price of bar gold and of Amer(Saturday).
There was a transfer through the Sub- can Eagles to 77 shillings
11 J pence per ounce for the.
..
Nov.
6^ pence
shillings
the
counteracted
which
2173
THE CHRONICLE.
19, 1904.]
and^to" 76
fbrmer
—
..
French exchange and of a
at New York on London.
recession
slight
On
the
The
latter
recovery
the
of
effect
the
for
in
movements of money
following gives the week's
to and from the interior by the
New York
banks.
in rates
following
day
mt Interior
Shipped bv
Banks.
Beceired hy
^^ T. Banks.
18, 1904.
Week ending Nov.
Movement.
.V. 1'.
$1,100,000 of the amount se1,642,000
Gold
canceled, but about $750,000
was
eured on Monday
Galft'. $2,231,000
$6,105,000
$8,336,000
Total pold and legal tenders.
by another banker,
of this sum was promptly re-engaged
With the Sub-Treasury operations and gold exports
was $3,390,and the total amount exported on Thursday
engaged the result is as follows.
958 84; on Friday $534,648 19 bar gold was
This makes
(to-day).
Net Change in
Oat of
Into
for shipment to Paris on Saturday
Week endi/ng Nov. 18, 1901.
Bank Holdings.
Banks.
Banks.
and the
week,
the
$3 925 607 03 exported to Paris for
on this move- Banks Interior movement as above $8,336,000 $6,105,000 Gain. $2,231,000
8,000.000
total including the previous shipments
an
of
engagement
.
Gain. 81,486,000
745,000
Gain.
$5,208,000
897,000
?6.694,000
.
Loss.
36,250.000
33,250,000
Sub-Treas. oper. and gold exports..
26 $12,928,373. It may be
8769,000
Loss.
42,355,000
$41,586,000
Total gold and legal tenders
exhausted
noted that this week's engagements nearly
The following table indicates the amount of bullion in
only about
the commercial bars in the Assay Office,
/
the principal European banks.
$500 000 remaining; therefore, until more shall be
October
since
ment,
1
. .
It
manufactured, exports of bars will be restricted.
as
week,
this
should also be stated that the shipments
previously
has been the case with the majority of those
November
Gold received from the Custom House during the week
SUver.
(Told.
19, 1903.
Gold.
£
£
surer.
Total.
£
I
83,402,224
88,402.224
32,040,672
32,046,678
105,878,459
44,013,082 149,891,541
12,512,000 48,124,000
95,866.659
44,105,554 139,972,218
33.157,000
11,650,000
78,513,000
6,562,000
85,612,000
44,807,000
85,075,000
Ati8t.-Han.'
48,672,000
6,753.000 106,635,000
11,974,000 60,646,000
46,493,000
12,112,000
Spain
14,856,000
19,745,000
31,601,000
14,508,000
18.806,000
Italy
22,206,000
3,021,400
25,227,400
20,667,000
3,285,900
5,528,000
6.008,900
11,531,900
4,084,600
6,292,700
28,952,900
10,377.300
3,328,667
1,664,333
4,993,000
3,176,66'
1,588,333
4,765,000
99,882,000
Netberl'ds
Nat. Belg..+
58,605,000
38,314,000
389,360,350 105,691,715 475.052,065 328,512.598 104,402,487 432.915,085
Tot. week.
480.731,010
Tot. prev... 365,213,629 105384,754 470,678,383 327.296.226 108.434,784
$14,675.
Nominal quotations for sterling exchange are 4 84^®
4 85 for sixty-day and 4 87®4 88 for sight. The market was active on Saturday of last week and long and
short advanced 5 points compared with rates on the
previous day, the former to 4 8385®4 8395 and the latcables were unchanged at 4 8705
ter to 4 8670'S)4 8675
Total.
£
made, were facilitated through the indirect allowance of Bngland.
There Franco ..
interest on the consignments while in transit
German;
on Knsala....
Havana
was an export of $2,000,000 gold coin to
Thursday, followed by a further sum of $1,000,000 today (Saturday). It is expected that $1,500,000 more
will be forwarded to the same destination next week.
November
17, 1904.
Satikof
*
T*e
division (between gold
and
silver)
given In our table of coin and
bullion In the Bank ol Germany and the Bank of Belgium la made from tb«
best estimate we axe able to obtain; In neither case Is it claimed to b«
aconrate, as those banks make no distinction in their weekly returns, merely
reporting the total gold and silver; but we believe tiie division we make is a
close approximation.
'
;
©4
On Monday
8715.
long rose 15 points, to 4 84'®
4 8410 short 10 points, to 4 8680'2)4 8685, and cables
15 points, to 4 8720'S)4 8730 the tone was quite strong.
On Tuesday the market was easier, because of a lighter
demand, and rates fell 5 points all around long to
4 8395'2)4 8405, short to 4 8675'2)4 8685 and cables to
4 8715®4 8720. The tone was easy again on Wednes-
is now issued in Kronen and
t The Austro-Hungarian Bank Statement
Heoer instead of GiUden and Kreutzor. The reduction of the former currenoy
to sterling £ was by considering the Gulden to have the value of 50 cents. A«
the Krone has really no greater value than 20 cents, our cable correspondent
in London, in order to reduce Kronen to £ has altered the basis of oonversloB
by dividing the amount of Kronen by 24 Instead of 20.
,
;
;
—
HEW JAPANESE LOAN AND THE
CREDIT OF JAPAN.
The successful issue this week in London and in New
remained un. York of the $60,000,000 six per cent loan of the Japanese
recovered by the close and rates
changed compared with those of the previous day.
day, but
TEE
it
On
Grovernment
an incident particularly interesting for
upon the somewhat disputed question
is
the light it throws
Thursday the market was strong at an advance of 10
of this loan are
long to 4 8405®4 8415, short to of Japanese credit. The circumstances
points all around
It will be recalled that the
4 8685'S)4 8690 and cables to 4 8720®4 8730. The tone in some respects peculiar.
bearing the same six per
May,
of
last
loan
was firm on Friday at an advance of 10 points for long $50,000,000
at the rate of 93 J, and
London
in
cent rate, was placed
and short and of 15 points for cables.
—
exchange by was guaranteed by a first lien on the Customs revenue.
Now the annual interest on that loan amounts, in American values, to something less than $3,000,000, whereas
DAILY POSTED HATES FOE FORBION EXCHANGE.
the average Customs revenue of the Empire during the
MON., TUE8., Wed.. THtra., FBI.,
Fri..
18.
Nov.
17.
16.
Nov.
Aou. 11. Sov. 14. Kor. 16. Nov.
five years preceding 1904 was fully $8,000,000 and the
The following shows daily posted
some of the leading drawers.
Brown
85
85
4 84>^
85
4 87
87H
84H
87J^
85
>i7%
(
4 81 '..^
(
4 87
CO days
SiRht ..
j 60 days
MaKoun & Co (SlRht..
Bank British
i 60 days
No. America. .( Bight
Bank of
< 60 days
Montreal
( Bight..
Canadian Bank ) 60 days
of Commerce.} Sight..
Heldelbach. lok- 00 days
elheimer & Co. ) Sight
Laiard
) 60 days
Krerei
(Sight..
MercnanlH' Bk. ( 00 days
'Sight..
Oft'anada.
Brothers
Birinc,
4 84>^
4 87
.
.
The market
84H
S7i4
87J^
85
mi
8^
^^
l^
^^
84^
t^
84«
86
87
85
^7«
4 84J<
4 87
85
87^
87«
87^
4 84^
4 87
85
85
85
87
87
If"
^7^
for
87«
85
85
88
HiU
^7^
8<
85
85
87^
87Ji
85
86
87«
87}i
86
85
short
87
85
87«
collateral
had
That is to say, the
been pledged
Customs revenue might decline some 60 per cent an'
and still tlie recoipts
almost* inconceivable contraction
against
87}^
84X
was $8,700,000. It was
of the security pledged
reckoning
obvious that if a strict
were to be made, irrespective of the simple credit of the
yield of the fiscal year 1903-4
Japanese Government, a needlessly large
1^7^
8410®4 8425
and 4 8735®4 8740
closed on Friday at 4
long, 4 8r)95®4 87
85
87«
87J^
4 84}^
4
87
86
87^
4 84Ji
4 87
4 81!^
4 87
(
rates for
the
issue.
—
—
would
ha.ve
been large enough
to
provide for the interest
on the loan.
for
for
When
came up for discussion, it was
some other branch of revenue
the present loan
generally supposed that
Commercial on banks, 4 8380'a)4 8395 and
possibly the excise or the tobacco monopoly or the raildocuments for payment, 4 83^'a)4 84§. Cotton for payBy thd,
road earnings would be pledged against it.
ment, 4 83J'?/.! 83,^; cotton for acceptance, 4 8380'®
another policy was adopted, and it;
cables.
—
advice of the bankers
4 8395, and grain
for
payment, 4 84^'2)4 845.
was decided not only
to
borrow a larger amount
this
time
2174
i
:
;
i
I
I
I
;
I
THE CHRONICLE.
thau was borrowed last spring, but to secure such new
borrowings by a lien on the Customs, subordinate, indeed,
I
I
,
;
;
five
years
securities
has
imagine, would be
the natural depreciation expected when a second large
loan is asked by a borrowing Power in war time, but
for
the inferior nature of the security behind that loan.
The
i
XX IX.
yielded $8,000,000.
This, war loan, the position both of financial
England and
regarded as abundant margin of of our own
investment community, was unfortunate.
collateral even on a Stock. Exchange loan, and the bankers
London was overcrowded with what it had itself begun
were unquestionably wise in adopting this procedure.
to call its " undigested securities," while in the
United
The question which not even the bankers could settle States
our largest corporations were borrowing on shorts
in advance, however, was the sort of reception which
time loans, often from foreign markets, at unusual and
would be given a loan whose security was distinctly subexorbitant figures.
Under such circumstances it was not
ordinate to the loan issued last spring, though secured on
surprising that Japan, which had to make absolutely sure
the same collateral.
Hence some surprise was expressed of getting the money which it
needed, should have offered
on both home and foreign markets when the announceterms which may have been needlessly high. Eussia, on
ment of the loan prescribed a London issue price of
90J, the other hand, was in a situation as peculiarly favorable
against the 93^ asked for the earlier borrowings.
Here as Japan's was peculiarly awkward. France, the easiwas a concession of only 3 per cent to allow not merely for
est and in
a way
we
j
I.
was extremely limited. France and Germany
two of the richest investment markets of the
dav, were
to the lien of the earlier $50,000,000 loan, but secured
distinctly hostile to the Japanese position
in the war
by precisely the same revenue.
It will be seen from the and hostility
of this sort is morally sure to make itself
comparisons which we gave above that even if the felt
in the attitude of investors toward borrowings.
annual interest on the pending 800,000,000 borrowing
From the start it has been evident that whatever
were to be added to that on the 850,000,000 borrowing
money should be raised by the borrowing Japanese Governof last spring the total interest due would still hardly
ment, must be raised in England and in the United
States.
exceed 80,500,000, whereas the average Customs revenue
When Japan came forward first last spring to place its
for the past
I
[Vol.
reception of the loan by the investing community, however, has fully justified the action of the banking
agents.
the richest of the communities
where investment funds could then be obtained, was so
far committed to the support not only of the Eussian
Government itself but of the credit of that Government,
that the French bankers were in a measure
forced
to
prevent so serious an impairment of that credit
basis as to hurt the valuation of the $1,-
In London the loan was nearly fourteen times overon a quoted
Bcribed and went at once to a premium over the issue
price; in this
regard repeating the experience of last
spring's loan, which rose instantly to a premium,
and
which has never subsequently, even at the time when
600,000,000 older Eussian bonds estimated to be outstanding in the hands of French investors.
Adding to
sympathy entertained' toward Eussia
it will not seem strange
the October coupon was struck off, gone back to the
issue that the disparity between the terms obtained
by Eussia
price.
in the money markets of the world and those accorded
We do not think this result surprising, and we imagine to Japan should have been so wide.
that no one would have so regarded it had he taken
full
Much has been said and written recently as to the
account of the circumstances.
So much has been said part which this relative credit of
the two belligerents
of the special security granted by Japan for these
two may pl.iy in the future progress of the war. We see no
loans that sight has been lost of the fact that the
really reason to imagine that a collapse of Japanese trade,
sufessential
part of the security, after
the Japanese Goverament.
such
We do
all, is
the
credit of
not suppose that any
of special collateral would have been made but
for the fact that the loan is temporary in its
nature beoffer
ing redeemable at the Government's pleasure three years
hence, and maturing absolutely in April 1911.
As was
this the political
both by France and Germany,
ficient really to
embarrass
will be possible.
It
recent speech to
the
is
it
in
true
its
that
borrowing operations
Count Okuma,
in his
Tokio
Clearing House, estimated
that the war's total cost to the Japanese Government
including post-bellum expenses, would amount to a bil-
lion dollars.
This had a formidable sound, especially as
by the action of our own the foreign borrowings of Japan, including
this last loan,
corporations during the paralysis of investment activity
had amounted to only $110,000,000.
It is not to be
last year, terms and inducements will be readily
offered overiooked, however, that while placing these loans
to place a temporary obligation of this sort
when no abroad, largely for the purpose of arresting a drain of
such terms would for a moment be conceded in the case
gold from Japan
made
sufficiently
evident
to
of a long-time loan.
It
is
naturally to be supposed that
larger
the
outside
world, loans
in
still
quantity have
been raised from the Japanese
the Japanese Government will redeem these loans at
their people; and that a very considerable proportion of the
maturity, placing such new obligations as may be
called war expenses has been paid through increased taxes,
for on the footing of ordinary public issues.
rt has
been figured out by London experts, on
All things considered, it appears to us that although the basis
of Count
Okuma's own figures, that
the bid made for capital by the Japanese Government
Japan will have spent upwards of $300,000,000 in its
has undoubtedly been high, its good credit has been
rec- first year of hostilities.
But it is obvious from the
ognized by the investing community.
Several foots figures cited above
that the portion
must be kept
of this
sum
raised
mind when comparison is made between from the foreign markets was
quite insignificant.
Yet
the quoted price of Japanese Goverment securities
and there have been, so far as any one can see, no signs of
that of Eussia's loans.
Japan was undoubtedly handi- financial exhaustion in Japan.
Our own judgment is
in
capped on Europe's markets,
loan
How
first
))y
the
was issued by a government of an
fact that its
alien
race.
far this influenced the feelings of investors
it would
be difficult to say ; that it had at least some
influence
that predictions of such possible collapse, in case of long
continuance of the war, have arisen fi-om mistaken supposition that these
total capital
European loans actually made up the
Japan was prosecuting war.
with which
cannot easily be doubted. Again, it must be
remem- This, as we have seen, is far from being true. So far as
bered that, for political reasons, the field for
the Japanese actual figures go, it may easily be proved, first, that Japan
—
Nov.
THE
19, 1904.]
CHROlNlCLE,
has at hand ample resources to serve as pledge or guaranty for much larger loans raised on the foreign market,
raisers
2175
have never before had any benefit from the duty.
Their recurring surpluses had to be disposed of in the
even in case such guaranty should fail markets of the world in competition with wheat from
it it would nevertheless be able to continue military other countries, and they had to accept the prices prevailing in those markets.
Moreover, the price obtained
expenditure on the basis of home resources.
but, second, that
We
do not wish to indulge in hasty prediction on this
Too many circumquestion of continuance of the war.
for the surplus of
any product of wide use or consumption
generally determines the price for the whole supply, both
is difficult to estimate in adthat at home and that abroad.
Now for the first time
have their part in settling that question. It the duty imposed is coming in as an active, vital force,
has seemed to us, however, that the manifest unwilling- and this at a time when the price is at such a figure that
ness, both of Germany and France, to increase their the most grasping fanner should be satisfied, assuring
stances whose importance
vance
will
holdings of these Eussian obligations
—a reluctance very
him opulence and
The
plenty.
efiect
simply to drive
is
by recent disturbances on the Conti- the price still higher, threatening, indeed, to carry it up
markets
will play a part of some import- to famine figures.
nental money
As showing the scarcity prevailing in the districts
It has grown more obvious than before, since the
ance.
incident of the North Sea outrage, that the Government which usually have an overabundance, it may be noted
visibly betrayed
—
of France occupies in an unusual degree the attitude of
middleman.
friendly
Britain,
which stands diplomatic sponsor for the Japanese.
If,
least
seems generally now
as
(from Oregon;
not in close relations with and the State of Washington) is being purchased not=:
on a cordial footing with Great only by the mills at Minneapolis, but also by the millsi
it
at
the Pacific Northwest
If
Japan,
is
that wheat from
much
be conceded, Port Arthur the Ballard
to
Thus
further East.
&
it
was recently reported
that!
Ballard Flour Milling Co. of Louisville,
\
is to fall
in the near future,
it is
to suppose that pressure of a
at least not unreasonable
mo re
positive character
wiU bring East
be applied by the French administration to the Russian
Government
end the war.
to
At
the least,
it
will
time have become manifest both to Eussia and
tinental
fiiends
a problem not
that
troublesome in a military sense bu
by that
much more
financially much
in
order to
We
keep running.
imaginei
United States mills would be indifferent about obtaining
supplies of foreign wheat if they had only home con-
Con- sumers
its
only
t
Ky., had bought 1,000,000 bushels of Oregon wheat to
to
In that event they would merely
advance in thei
consider.
raise flour values to correspond with the
But
price of wheat.
in the case of flour intended for ex-l
have arisen when the Japanese are port, the situation is obviously different. Millers can-;
in possession of Port Arthur, and c an take the attitude not pay the duty of twenty-five cents a bushel and exno longer of aggressors but of defenders of a territory pect to compete with flour manufactured in other'
more exacting
will
\
which they have won and
countries
fortified.
from wheat not
And
onerous tax.
mills
SEEKING TO MAINTAIN OUB FLOUB
EXPORTS.
A
anomalous situation has arisen in
decidedly
or
bined result of a deficient harvest
rather as
the
with
have built up, through years of
such
an:
which our
effort, is
very large
and very important. True, the foreign market might be
abandoned for the time being, but everyone conversant
the with trade matters knows how difficult it is to regain
flour-manufacturing business as the result of the present
season's short harvest of wheat,
burdened
the export trade in flour
com-
and of the poor qual-
business once
In the
less
it
fiscal
has been
lost.
year 1903 the United States exported no
than 19,716,434 barrels of
flour,
equal to nearly
American flour mills are finding it 90,000,000 bushels of wheat. In the fiscal year 1904^
an adequate supply of wheat of the when our wheat and flour shipments fell off, owing to the
right grade and at satisfactory prices, and, in conse- reduced wheat harvest the previous season, the flour exquence, they are in danger of losing their export trade ports were not quite so large, and yet they aggregated,
ity of the
wheat.
difficult to
obtain
in flour.
Yet on the other
side of the northern
United States, in Manitoba, there
plenty and of excellent quality, but which
of the
able on account of the high
frontier
roughly, 17,000,000 barrels, equal to 76^ million bushels of
—
wheat in wheat this being greatly in excess of the amount of
wheat which went out as wheat, the latter having aggreis unavail-
is
Customs duties imposed on gated only about 44^ million bushels.
In view of such
importations of foreign wheat.
figures, the desirability of preserving the export trade in
The duty on wheat is no less than twenty-five cents
a bushel, and obviously it is prohibitory. The United
flour
States normally raises a crop far in excess of
home
re-
quirements, and a market can only be found for the sur-
by shipping
plus
year
— that
for the
it
abroad.
Barring the
latest
fiscal
twelve months ending June 30 1904
becomes self-evident
To overcome the handicap imposed by the twenty-fivecent duty, attempts are being made among flour manu-
Bonded Manufactures provision
The mills at Minneapolis made appli-
facturers to avail of the
of the tariff law.
cation to the Treasury
Department
to
bond
their mills
month, while the present month the Hecker-Jones.
flour) have averaged in recent periods over 200,000,000 Jewell Milling Co. of New York has asked for the same
bushels a year, from which the reader can judge of the privilege for its Staten Island flour mill.
This last appliextent of the country's annual surplus under normal con- cation has just been granted ; the others, we understand
the exports of
wheat
(either as
wheat or in the form of
ditions.
Hence the high tax levied on imported wheat
has never previously been a factor in afi'airs certainly
not since the enactment of the law now in force, we
—
mean
the Dingley
Law
last
remain under consideration. Mr. Jas. S. Bell, the
President of the Washburn-Crosby Co. of Minneapolis,
still
has recently been quoted in
and Commercial Bulletin "
''
The Journal
of
—
Commerce
(which paper has been deIn other words, up to
the present time there has been no occasion to import voting a great deal of attention to the subject)
as sayany wheat since we raised au excess of it withiu our bor ing that wheat could be bought in JManitoba at 18 to
ders, and of good quality, too.
Nominally imposed for 20 cents a bushel less than had to be paid for it in the
the protection of
home
of 1807.
agricultural interests, our wheat
United States.
We
observe, too, that Mr.
—
A.
liuytor,
I
'
THE CHRONICLE.
!i>l7(;
Manager
HeckerJones-Jewell
which,
Vol. Lxxii,
wheat, he expects
and can, export, but his bran, feed
offal cannot to advantage be exported, for the reason.
Island mill, and intends to begin the grinding of Cana- that they are articles of great bulk and poor keeping
dian wheat at once, is reported in the same paper as hav- qualities, and for the further reason that the domestic
ing recently stated that he had been offered Argentine, market is almost always higher in price."
Indian, Russian and Australian wheat, laid down in
All these suggestions, however, look to the future,
of the
Co.,
stated, has been granted bonding privileges for
New York
as
Staten
with the duty paid, at only 5 cents over the
cost here of
to show
making
its
American wheat.
our market
All of which would seem
an entirely
the more needful and
to,
and
whereas the need
is
for
immediate
dependent upon action by
relief.
Congress, and
They
it
is
are
all
by no
one; means certain that Congress can be induced to act, and
more
relief
when it does act it may be too late, or the urgency of
urgent.
the situation may have passed away.
In this dilemma
There would appear to be two provisions of the exist- there comes another suggestion which has a more proming law under which relief can be sought, namely the ising aspect. This suggestion looks for relief at the
Drawback provision and the provision for Bonding hands of the Treasury Department. It is insisted that
]\Ianufacturing Warehouses.
The first of these is found the whole matter hinges on Treasury regulations. Such
in section 30 of the 1897 law, and provides that where is the view taken by Mr. Little, the Manager of the
imported materials on which duties have been paid are Pillsbury- Washburn mills at Minneapolis, and he has
used in the manufacture of articles manufactured or engaged a Ii^'ew York firm of experts in drawback and
produced in the United States, there shall be allowed on Customs regulations to urge this view upon the Treasury
The opinion is expressed that the existing
the exportation of such articles a drawback equal in Department.
amount to the duties paid on the materials used, less law is liberal and broad enough to meet all the condithat
all
one per cent of such
is
made
duties.
artificial
all
the
This drawback, however,
tions that
have now
and
it is
claimed that that
is
a con-
which cannot easily be met.
careful
is
it is felt
that the
ready to assist millers so far as
adherence to the provisions of the statute per-
mits such a course.
The Bonded Manufacturing Warehouse provision is
contained in section 15 of the law. Under it, all articles
Moreover,
arisen.
contingent on the imported materials used being Treasury Department
clearly identified,
dition
is
tion, it is
laws, but
In
brief,
according to this conten-
not a question of going to Congress to obtain
of securing
appropriate
regulations from the
manufactured in whole or in part of imported materials Treasury Department which the Department itself is
and intended for exportation without being charged willing to provide. Those who hold to this opinion look
with duty
may
be made and manufactured in bonded
warehouses under such regulations as the
the Treasury
may
prescribe.
Secretary of
It is further provided
that
for
an early decision along these
lines.
hoped that these expectations and desii'es
be realized. Large interests are at stake. The
It is to be
may
whenever goods manufactured in any bonded warehouse preservation of the country's export trade in flour is very
If our mills
shall be exported directly therefrom, or shall be duly important, but more than that is involved.
laden for transportation and immediate exportation cannot get sufficient supplies of wheat, at satisfactory^
under the supervision of the proper officer who shall be prices, obviously they will have to resort to short-time or
duly designated for that purpose, such goods shall be ex- possibly close up their establishments altogether until
empt from duty. But it is claimed that this provision, like another crop of wheat shall be grown in this country.
the other, embodies some impracticable features, besides This last alternative would be a very unfortunate one,
It is urged that not all for it would mean the throwing out of employment of
involving considerable expense.
concerns are so situated that they can devote one or large numbers of men, and it would also mean that
more of their mills exclusively to imported wheat and American railroads would lose a large tonnage in flour.
that the arrangement is vexatious and expensive even Clearly, therefore, the duty on wheat is an evil that works
where this can be done. It necessitates giving a bond harm in many directions.
to the Government and the employment of a Government officer to supervise the mill and another GovernTHU ATLAl^TIG COAST LIJffE RAILROAD.
ment officer at the grain elevator.
Under
these circumstances there
is
much
discussion
The stock
of the
Atlantic
Coast Line Eailroad has
on the part of mill managers and owners as to the best attracted considerable interest on the Stock Exchange
The majority seem to be agreed that the present year and the market value of the same has
course to pursue.
They appear to be will- decidedly advanced. Last February sales were .rethe duty ought to be abolished.
This week the price got up to 155i and
ing that the duty on flour, which is twenty-five per cent corded at 104J.
ad yalorem, should also be removed, feeling confident of the close yesterday was at 152^. Eeason for this appretheir ability to hold their domestic trade as against
Some
adian millers.
is
chiefly
needed
modification
provision.
is
others, however,
contend that what
ciation in the quotations
is
submitted the present week
found in the anniial report
for
the fiscal year
ending
Drawback law or some June 30 1904 and in the action taken at the annual
Bonded Manufacturing Warehouse meeting at Kichmond in declaring a twenty-five per cent
a more liberal
of the
This latter
millers in this
Can-
is
considered unsatisfactory to
country, because
it
dividend on the
makes necessary the per cent payable
exportation not only of the flour manufactured from the
common
in
stock of the company, twenty
new common
stock and five per cent
in certificates of indebtedness of the Atlantic Coast Line
Mr. Bell of Company^ the latter being distinct from the Atlantic
already
referred
Coast Line Railroad Company.
to, lays great
the Washburn-Crosby Co.,
The report is the seventieth annual statement made by
"It is the disposition of these
stress on this feature.
by-products," he says, "which amount to perhaps 24 per the Atlantic Coast Line Railroad Company, which shows
wheat, but apparently also the by-products.
back the history of the concern extends. But,
in reviewing the report of the prethe product in value, that makes the difficulty to the as
United States miller. His flour, made fiom imported ceding twelve months, within the last few years the
cent of the product in weight and perhaps 15 per cent of
how
far
was shown by us
^
THE CHRONICLE
ITOV. 19, 1904.]
From being
property has been completely transformed.
a small road, mainly of local importance,
has been
it
raised to the position of one of the largest railroad systems
2177
price paid for the $30,000,000 stock of the L.
$35,000,000
in
collateral trust
&
N. wag
bonds of the Atlantic
Coast Line Eailroad, $5,000,000 in
common
stock of the
have reference not merely to latter and $10,000,000 in cash, making the total cost
in the country.
of over one-half $50,000,000.
The cost on the books was subsequently
ownership
through
fact that
the
the stock of the Louisville & Kashville Eailroad Com- reduced to $45,554,220 by the application of $5,000,pany it holds control of that very important railroad 000 of accumulated surplus. The $35,000,000 of
In
this Ave
The Atlantic Coast Line Eailroad would have to
])roperty.
be considered a large system by
dominate the Louisville
&
merged
on July 1 1902
In
aggregate of mileage.
is
collateral
trust
therefore
involve
On
bonds bear 4 per cent interest
a
charge
the other hand, the yield
fact it is accurate to say
that
and
of
$1,400,000 per year.
from the 5 per cent divi-
&
itself,
namely the cent on its
and the whole of the
comprised in three great systems,
Southern Eailway, the Louisville
& Nashville, like the Atlantic Coast
might have paid very much more than 5 per
stock if the policy had been to distribute the
that the Louisville
whole of the mileage of the Southern Line
practically the
States
not
Western Eailway, or Plant System, was dends on the $30,600,000 stock of the Louisville &
it has had a quite
large Nashville is $1,530^900 per year.
It is proper to say
&
it
if it did
Since the Savan-
Nashville.
nah Florida
in
even
itself
Nashville
year's surplus earnings, for that property
The Illinois Central Eailroad earned about 11 per cent on its stock during the twelve
Coast Line.
owns considerable mileage in the South, but this months ending June 30 1904.
It has already been shown that over and above all fixed
forms part of a north-and-soutli line from Lake Michigan
to the Gulf; aside from that there is little road outside charges and the 5 per cent dividends paid, the Atlantic
Atlantic
also
of that comprised in the three systems mentioned.
Coast Line Eailroad had a surplus on the operations of
The Louisville & Nashville on June 30 1904 owned
and operated and leased and controlled solely or jointly
The
with other lines an aggregate of 6,350 miles.
Atlantic Coast Line Eailroad, on the same date, had
The two together therefore make a com4,229 miles.
By adding
bination embracing 10,585 miles of road.
the Charleston & Western Carolina and the Northwestern
of South Carolina, which are also controlled, the aggregate is brought up to 11,000 miles, not counting the
some minor changes,
brought the total of accumulated surplus on June 30
1904 up to $13,712,994. The stock dividend of 20 per
cent just declared evidently comes out of this surplus,
but would take only $7,330,000 of it, still leaving
The other 5 per cent of the twenty-five per
$6,382,000.
Jacksonville
&
1903-4 of $2,364,647.
cent dividend
pany
is to
certificates
be paid in Atlantic Coast Line Com-
of indebtedness, of which there were
in the Atlantic Coast
Southwestern acquired since the close of 30 1904 $2,869,000.
and which when completed will add over $1,832,500 of these
the fiscal year,
The
100 miles more.
&
Louisville
Nashville
is
of those
This, with
Line Eailroad treasury on June
This 5 per cent would use up
certificates.
not familiar with
For the information of
the fact,
we
will
say that
the
and makes a separate Atlantic Coast Line Company is a holding company,
We reviewed this report quite recently in which owns a majority of tlie capital stock and a large
.report.
these columns (see Chronicle of October 8, pages amount of the bonds of the Atlantic Coast Line Eailcourse a wholly distinct property
1437
covers
The report before us,
and 1438.)
merely
the
operations
of the
Coast Line Eailroad
just
referred
age
for
of
year
the
20^
million
earnings
The
to.
namely
itself,
under
dollars
the
review
Atlantic
miles
4,229
on
earnings
gross
therefore,
this
in
Avere
mile
excess
and the
($20,544,975)
from operation were $7,717,881.
stock OAvned), the total net
income
Charges
dividends on the small
months
rentals, together with
amount
stock.
in the gross,
$460,679 came
being an important item with the company. While 4,229
of preferred stock
equal to about 11^ per cent on the
$30,650,000 of Atlantic Coast Line Eailroad common
outstanding, this
increase
& Nashville
some small miscellaneous items, were only $5,549,553,
leaving available for dividends $4,283,482.
Allowing
for the
the
from the passenger department, the passenger business
for the tAveh^e
and
for interest
Of
re-
very closely approximated 10 million dollars, being $9,833,035.
was stated above that the Atlantic Coast Line Eailfiscal year had earned $20,544,975 gross
and $7,717,881 net. This is an improvement over the
year preceding in the one case of $862,519 and in the
other case of $647,762, thus showing satisfactory develIt
road in the late
Including opment.
income from investments (not excepting the dividends
ceived on the 306,000 shares of Louisville
net
road.
is
The amount paid in dividends was only 5 per
no more than $1,918,835, and leaving a
cent, calling for
miles were
operated at the close of the fiscal year, the
average for the twelve months Avas only 4,192 miles,
which compares with an average of 4,139 miles for the
twelve months preceding, showing that the iacirease in
earnings was made with very little addition to the length
We may add that since the close of
of road operated.
the fiscal year on June 30 1904 the improvement in earnings has continued, the figures for the three months to
September 30 1904 recording a gain of $350,077
in
gross and a gain of $97,746 in net over the correspond-
sum of $2,304,- ing three months of 1903.
was double the surplus remaining above
The control of the Louisville & Nashville ensures
dividends on the operations of the twelve months preced- harmony of operations betAveen it and the Atl.antic
ing, said surplus having been only $1,278,953.
Coast Line Eailroad. Still, the two systems, even before
The showing of course would not be so satisfactory if they came under common control, Avere operated in close
surplus above the dividends in the large
This
647.
last
the investment in the Louisville
&
for itself, or, at all events, if the
company
more
Nashville did not pay
did not receive
affiliation
lines.
with each other,
forming natural connecting
Present relations with the
Southern Eailway are
dividends on its holdings of of course also friendly, but this does not mean that there
Nashville stock than the yearly interest is no rivalry.
Eaihvay rates are maintained, the imcharge on the special bond issue created at the time of pelling cause, however, being the mutual recognition of
in
Louisville
the
shape of
&
the acquisition of the Louisville
part
payment
for the
same.
It
&
may
Nashville stock
in
be recalled that the
the necessity of such a course.
in the report relating to the
On
that point the remarks
matter are worth quoting, as
THE CHRONICLE.
2178
company with
[Vol. Lxxii.
August we had $2,254,781 increase, or 5J per cent. Kow
September the improvement in net reaches $4,605,territory have been maintained because the lines oper- 175, or over 11 per cent
Of course the roads had some
ating therein recognize that their continued existence favoring circumstances, the chief of tliese being the much
and their ability to pay their fixed charges must depend larger cotton movement in the South and Southwest and
"While the
follows:
relations
of our
way
friendly
competitors are in every
on such maintenance of
active competition
yet there
rates,
business
of
and rates
at
its
our
in
has been
an
competitive points
'which has required larger expenditures in
operating
all
^departments, and especially in transportation."
From
the balance sheet
Coast Line Eailroad Co.
it is
evident that the Atlantic
in easy
is
Including these items
against which
721,
balance
the
But on the other hand general business
was not very active in either September or August, and
there were not wanting other drawbacks to the best results.
sheet
Januarv
Eepttmhtr.
102 road*.)
1»03.
1904.
Inc.
%
>roM esm'8 l24.M6.*7e
1 to
Sevtember
80.
(114 roa48.)
orDec
t
1004
IWOS.
Ine nr Utc
t
1
•
78.W8.7**
+3.3«o.l00 1067682784 081»34eg» -14;61.P65
—1.877,076 744.187.440 789,38'.I04 +4,740338
Net earn'B 45.«28,-07 41.0?3,538
+4.«05,176 323,555,291 342,447,686 -18392.281
>per. erp...
78.418,«''e
180,717.278
'
aggre-
its
the date mentioned were
:gate current assets at
the extra passenger traffic derived from the World's Fair
at St. Louis.
financial condition.
During the year $2,125,225 of 4 per cent consolidated
mortgage bonds were issued, $1,545,225 going to retire
other bond issues. The company on June 30 1904 had
$2,965,928 of cash on deposit and in hands of its
Treasurer and $465,958 more of cash deposited for the
Ipayment of coupons.
for
$6,538,-
When we
turn to the records of 1903 and 1902,
shows current that there was considerable room
we
see
for a saving in expenses
In addition, the company the present year, so that the decrease actually revealed
hold $1,977,200 of its first consolidated 4 per cent bonds in the expense accounts furnishes no occasion for surprise.
in the treasury and also the $2,869,000 of Atlantic Moreover, it is quite a notable circumstance that there
•Coast Line Company certificates of indebtedness which should have been such a substantial further gain in gross
liabilities
are
now
of only $3,275,144.
in part to be distributed to
the shareholders in
earnings in September 1904, considering
were the gains
the shape of dividends.
in that
how very
large
month in 1903 and 1902.
Last
year in September our compilations recorded no less than
HAILROAD GROSS AWn NJEJT EARNINGS
FOR SEPTEMBER.
$13,372,963 increase in gross, of which, however, only
In
$4,370,652 was carried forward as a gain in net.
September 1902 the increase in gross was also large>
lietums of railroad earnings are satisfactory not only namely $8,614,917, but augmented expenses then conin showing improvement in gross, but still more in show. sumed nearly the entire amount of this gain, leaving
This very favor- only $901,153 improvement in the net. The following
,ing even larger improvement in net.
that
the
railroads are carries the comparisons as to gross and net back to 1896>
lable outcome follows from the fact
'effecting very important reductions in their expense both for September and the nine months ending with
As
year and the year before augmenting September.
The exhibit for the nine months, it is proper
more comprehensive than that for September,
[year decreasing expenses are the main feature.
as it comprises a number of roads which make quarterly
Our compilations to-day cover the month of Septem- returns but not monthly returns. The contrast between
ber and the feature referred to is very patent in the the results for the month and for the nine months is very
There is no cause for complaint striking, and indicates in an unmistakable way how the
.aggregates disclosed.
Whereas
in the showing as to gross earnings, these recording situation has changed for the better of late.
$ ^328,100 gain, or 2-76 per cent; but as this was for September there are satisfactory increases in gross
accompanied by a decrease of $1,277,075 in expenses, and net alike, for the nine months there are losses in
particular satisfaction is to be derived from a contem- both gross and net
$14,151,955 in the former, or 1*30
plation of the results as to net, the improvement in that per cent, and $18,892,291 in the net, or 5-52 per cent
case amounting to $4,605,175, or 11'22 per cent.
e rntt Earninis.
Net Bam<n0i.
i
One point on which emphasis may properly be laid is Ztar
No. of
Increatt or
Tear
Tear
Tear
Inereatier
year
rood*.
that the comparisons are now becoming better with
Dureatt.
PreceMnj. Deereate
eiven.
Given.
Precedlm.
This remark applies not alone Sept.
%
1
reach succeeding month.
I
f
%
t
accounts.
last
^expenses were the dominant characteristic, so the present
to state, is
'
—
to
earnings, but with equal force to the gross
the net
lor purposes of
earnings.
figures for the
first
illustration,
the
half of the calendar year
monthly
may
be
left
out of consideration, since these were controlled by
'ipocial
'•which
conditions, such
as the severity of the weather,
20.473,809
81,8^0,419
5-<8.9a
+6.678,565
31,580,18?
30,358,809
+-1.167.574
-10.«53.4S5
33,488.813
29,393,149
+•4,090,687
00 3?0,61S +1,893.6'3
96,359.874 +10,4S1,041
84,073 8 8
89, -iO J 622
34,790.546
-719.692
39,870,411
+4,393,^-Il
99at)8819
'«(188';
81,674,030
99(1S3
89.46-),14,'^.
74Ji"0,=4=
77.«0«.6e0
00(198)
P2 ,874,881
01(118)
10 3,84 J.? It-
10.869.837
•02(108)
108,877.76
+93115)
181.e4l,S0)
108,6e?,840 H.'<,37a,S.63
87.336,386
41,781.61?
86 436.814
03(112)
87,410,861
04(103)
184,016
l)iO,717.276
+8328,IC0
46.68 '.707
41,083.638
+4,870.658
+4.606 175
Jan
S?!*
-;
8,614,917
Confining ourselves, therefore, to the latter
1
1 Sept. 80.
+M
12.049
+8,365,918 168,887.741 168,855,69?
^23,784 88? 196.111,271 176,660,757 +19.480 517
+61,870,7i6
!27.827,024 810.68^.145 +16,741,879
647,788.658
iHH157)
6!9,»79,27'*
611.71^369
97(165)
U8(14Sl
597.881,139
69ff,03738»
673,529,914
less
§6.723,074 behind the corresponding earnings of
previous year. In August a decided change occurred
»9(142
74?.504,479
00(141)
871,811,224
682,697,831 +65,807,'.'4^ 246.340.093 219.111,881 +9',2i8,'.'38
79l,0i7,845 +80.313.97P :88,44:,4;8 29J,325,SB0 +24,131,533
ipeiiod,
we
find that in July gross earnings fell
no
•it\rxa
i;b«
87,633,974
63,863.614
have not been operative during the second half of
year.
,the
—
-1.284,«37
+9.704,576
+2.283,88 i
67,038.118
72,671,C80
68,377.749
t)7{181
JLH186)
'4bo total of the gross running a little better than in the
iwme month
of 1903
—the
increase, however, being only
61.">5.892, or but a fraction of
September,
gross
has
as
risen
already
to
3J
one per cent.
shown,
million
the
Now
increase
dollars,
or
for
m
2-76
01(128)
08(1*7)
0:i(12«j
•04(114}
833 991,335 +66,194,4 < i09,l58,H6 887,878,788 +41,274,S59
859.833.47^ +4?,5fl3.6Sl -•9 ',769,8 J8 28t),89a.465 +8,873,163
1,038,929,40890,150,782 +13i77e6Ji 3:8,261,821 »73.88s.aee +3?.867,935
1,087.(532,781 1.031,834,689 -14,161,9.8 3i3,666.'^94 342.447.6S6 -18,8V8.891
910.195,B;iO
9M,9Bfl.l6>
NOTX.— Neither the Mexican roads nor the ooal-mlntng operatloiis
any of these totals.
ot
the anthracite ooal roads are Inoladed In
In the case of the separate roads there are
many
in-
jKT cent. In the net earnings the transformation stances of reduced expenses. As heretofore, the PennIS been
In July there was a loss sylvania Bailroad is particularly prominent in that
J
equally marked.
For respect On the lines directly operated, both east and
oi $2,554,669 in net, or nearly 8 per cent.
I
2
).
Nov.
:
.
THE CHRONICLE.
19, 1904.]
2179
west of Pittsburgh, that large system fell $431,800 behind
in its gross earnings but shows $596,300 increase in net,
owing
to a reduction of over
The Rock Island system
a million dollars in expenses.
lost
$272,710
gross
in
but
reduced expenses by $483,426, giving $210,710 increase
The Brie suffered $200,822 decrease in gross^
in net.
The Philadelphia &
but reduced expenses $205,716.
had
cut
expenses
its
The Southern
decrease
$104,248
Eeading
down
Pacific
in
had
and
gross
in
of
$256,084.
loss
in
gross,
with a reduction of $182,070 in expenses. Besides
these, there are numerous roads which made substantial
gains in gross earnings and concurrently decreased exThus the Illinois Central added $336,743 to its
penses.
gross while saying $183,793 in expenses, the two
combined
making $520,536 improvement in the net. The
Louis & San Francisco added $343,726 to gross and
The
Louisville
&
St.
Oro»$ Earningi.
BsonoN oc
asOTTF.
September,
r.'unk lines. ;1>
Anthr. Coal.. 5
Eaat. A Mld.(16
19C4.
1903.
t
*
34,21?,!f
7,666,24'
West'n.ae
Northwest era &
Net JSaminit,
1904.
Int. or Di c.
1903.
p.
t
ll,tC 0,355
10,748,482
8,214,2 6
4,t86,7l4
3,477,434
1.758.639
.",295,75
4,76ti,734
2.8;* ,340
2,279,60
6,461.166
6,407,98:
7,Si9.a)
17.908.329
17,016,39:
7.013,573
3l.t47,306
31.190,90/
12,293.392
19,1,'J3,746
17.547.9
illd.
Soatta.Pac
Southern. ...i26
17j
Total a02r'dB 124.045.37f 120.717,. 76
Mexican..
l,a09,7k(0
i
f
851.893
+181,681
7»3
+143,~49
+594,649
b-98
-1
(
5l:
20-i.»
+58?,40?
901
10',%
Nash-
$23,741. The Central of Kew Jersey, the IJTorthern
Central, the Yazoo & Mississippi Valley and the Baltimore & Ohio are some other roads distinguished in the
game way. Below we show all changes for the separate
8.766,944
.(4)
8,819,'d84
6,688.kiTl
11,078,280
5,5S0,144
+1.21?,182
+1,03S,£30
45,628,: 07
4l,C23,53S
+4,60:-,175
1,09.,311
£90,931
+1C 4,280
2l,01F,09(.
2I,:5?.S74
—133.';75
oeG
53; 97,425 105,160.167 -12.06J,-32
32,355,635 31,676,679 -2.621,144
9,lt:i,296 10,418,51*
—957,302
19,422,621 20,4i0.875 —1,068.854
11-47
Jan.ltoSepC80
New
?A9,90i
Bngl'd..(e)
Trunk
76.: 84,64
,678,3^8 S49,i:95,77
lines. il2)
Anthr. Coal (6)
Uid. States. (18)
Mid. We«t'n.(17)
Northwestern A
North Pac.;13)
de-
added $131,888 to gross and reduced expenses by
yille
BT aBOUPB.
Bonthwestem s
amount
$129,719
creased expenses by $31,251.
8aMKi.liT
North Pac.(13
1
,183,591
SS.OlB.bab
408.474
34,«43,9c2
,607.006
69,982.5'
i8:o
10-53-
7 -so
136.869,218 134,52?,284
18.196,735i
1^939,016
-713,284
15».
782,117 181,128,019
C64.068 163,8^7,059
6(,e80,16e
5S..;a8.028
-3.541562
6S19,
47,337.220
15,096,368
+3,230,862
aonthwestem A
Sonth Pace 15)
$octhem....(24)
Total(114 r'ds) 10670:2781 1.8183468t>j }2a,555,294 342,447,535 -18,698,291
Mexican.
fs)
18,413.684
17,980.57*^1
4-ir8.090
5,787.ft77
5.8fl5,9fi-
month furnish exand net earnings, there are som©
In addition to the roads which each
of both
hibits
gross
which make returns of gross earnings alone.
others
Start-
whether increases or decreases. ing with the total of the gross in the foregoing statement^
we add on these other roads in the accompanying table,
GROSS BASBIHQS IN SEPXXIIflHEK.
B0AJ>8 REFOKXINQ Oi&OSS BUT NOT NKT.
Increases.
roads in excess of $300,000,
FBINCIPAL CBAKOBB IM
Increases.
Boatbem BaUway
$423,950 Northern Central
Wabash
369,974 Mlnn.Ht.P.AS.Ste.M.
Atlantic & Blrminglu.
St. Lk A San Fran...
343,726
Cblo. & £. lUlnoiB 5
Dllnols Central
Boffalo Booh.
<&
Pitts.
$56,400
35.99^
81.292
S3P,743
300.542
Total (representinf
285,527
28 roads)
f4.,747.671
283,874
271,404
24^,014
Decreases.
196,249
194.624 Pennsylvania Syst. >
mAQ^ ann
f4ai,8yo
185.378
(2 roads)t
{
146,183 Hock Island Oo
272.716
142,485 Erie
200,822
131.888 Lehigh VaUey BB....
192,784.
129. 5S9 Bontbern Pacific Co...
isg.'/ IP
128.974 Denver A Bio Grande.
123,488
X04,-24s
116,728 PhU. A Beading BB.*.
Gr. TronkSys
91,977
107,677 Peoria A Eastern.....
39,810
66.094 CUo. Great Western..
a6,^4
63,897
61,477
Total (represent59.061
ing 11 roads)... »l,6a3,706
Ho. Kans. & Texas...
Atoh. Top. & Santa Fe
Canadian Paottio
Ohio. Mil. & St. Paul..
Union Faolflo
Atlantic Coast Line...
Ohloaf^o <& Alton
01ev.Cln.Chlc.& St. L.
Chesapeake & Ohio...
Central of OeorRla
Loolsyme & NashvlUe
Beaboard Air Line
Norfolk A Western
St. Lools Southwest. .
Mo. Pao. & Iron Mt. >
Central Branch... $
MobUeAOhlo
Cent, ol New Jersey..
Yazoo & Miss. Valley.
an.N.Orl.ATexasP..
* These figures are for the Bailroad Co.; the Coal A Iron Go. reports
a decrease of $149,189.
t These figures cover only lines directly operated east and west ot
Pittsburgh and Erie. The gross on Eastern lines decreased $29?,l00
and the gross on Western lines decreased $189,700.
NET BABMINOB IK SEPTB1I&B£R.
Inereases.
Increases*
Pennsyl. BR. (2 r'ds)t
$596,300 Mo. Pao. & Iron Mt. >
PSIHCIPAX 0HA.MOBS IN
nunols Central
Bt.L.&8an Fran...)
A East. Ill ... J
Mo. Kansas & Texas..
Ohio. Mil. A St. Paul..
A
&
Mlas.
Norfolk A Western....
Southern Pacific
61,8I<)
Chic. Great W((Btern..
N. Y. Ont. A West ....
37,8:<i
36,961!
203,147
161,254
155,629
151,936
Nashville
Phil. & Reartlnii^ RR.*.
Centralof New Jersey
OheHapeake A Ohio...
Atlantic Coast Line....
Yaioo
i:l0,710
'
Bock Island Co
Union Faolflo
Bouihem Railway
LonlBvn\e
Central Branch... s
Clev. Cin. Chlo. A St.L.
St. Louis Southwest...
i
Chlo.
148,5'
13ii,99s
132,^85
114.176
VaUey.
Beaboard Air Line. ...
Atoh. Top. & Santa Fe.
Baltimore A Ohio
Chlcasro A Alton
Noithern Central
Central of Georgia....
$98,165
520.536
^74.
q-^t
i»
7
4,»
258,376
231.765
1 1 0.6
U
1 09,040
108,698
106,97s
Wabash.
Canadian
......
Paoiflo......
84,605'
76,65
70,303
6«,54/
6?,35)
Total (representing
SI roads)
$l,6a7,41f
f 139.62':
Total (representing
3 roads)
39.61^
124,045.376
roads)
120,717,276 3,323,100
Ala.N.O. AT.Pao.-
N.OrL&No.Easb.
&
Alab.
Vioksb...
Violcs. Shrev.
Ohio.
& P.
& North West.
Ohlo.8t.F.M<bOm.
Detroit Southern...
Great Northern—)
St. P. & M. M... ^
East of Mian..)
Montana
Central.
Illinois Southern...
Intemat'l & Gt. No.
Lake Erie & West'n
Maoon A Blrmlngh.
N. T.Oent.&HuaB.
Northern Faolflo....
Fere Marquette
St. L. Vand. & T. H.
Terre Haute & Ind.
Terre Haute & Feo..
Texas AFaciflo
Tex.8ab.Val.&N.W.
ToLSt.L. <b West..
201,883
113,947
118,176
5,386,624
1,220.995
132,765
199,242
99,682
116,692
6.133,331
1,100,611
163,608
8,701,674
4,017,620
196,120
24,002
636,561
464,373
11,761
7,250.640
4,696.782
1,196,128
350.573
215.827
53,526
1,030,171
15,400
181,524
16,022
564,347
487,770
9,384
7,056,151
4,611,213
1,082,010
224,409
192,271
62,572
944,345
13,200
300.179
54,579
859,77.1
Ham. di Butt
52,045
Total (124 roads)
151,476,024
Toron.
Net inc. (2-81
In
this
covering
all
1,484
263,293
120,381
20.841]
315,94»
14,596
7,98t
72.214
23l3i*7'i
'"i',877
194,889
85,5 tii>
114,118
126,164
23,56e
9,04S
85,82fc
2.200
59,696
2,53^;
147,338,536 4,508,252
371,764
4.136.488
p. 0.)
way we
2,641
14,265
get a grand total of gross
the roads from which
earnings,
we have been
able to
procure figures, reaching $151,475,024 in 1904, against!
$147,338,536 in 1903, the increase therefore being $4,The favorable nature of this comparison may
136,488.
be judged from the fact that in September 1903 our final
statement,
comprising
mnch
the
same
roads,
showed;
same month
of 1902.
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
—The public sales of bank
$328,94r
* These figures are for the
Railroad Company; the Coal A Iron Cob
pany reports a decrease of $141,574.
t On the PennBylvania RR. the net on lines directly operated east 01
Pittsburgh and Erie increased $257,900 and the net on Westeri
lines increased $338,400.
When
Deeruu*,'
Increase.
49.70<
lO.'S.SOO
103,273
1903.
Reported aboye(102
$14,555,156 gain, or 10-93 per cent, over the
Decreases.
Lehigh VaUey
PhU. Bait. A Wash....
Wheeling A L. Erie...
1904.
September.
S3,97t)
stocks this week aggregate SOTt
which 255 shares were sold at the Stock £xchaiig*|
and 53 shares at anotion, The transactions in trast company
shares, of
|
A
stocks reach a total of 28 shares.
sale of 5 shares cf stook:|
of the Qermau Exchange Bank made this week at 860 is thei
public transaction in the bank's stock since Novemteri
email lot of Title Guarantee & Trust Co. stock was,
sold at 685, as against 56! J^ two weeks ego.
first
arranged in groups, the generally favorable
nature of the September comparison is made strikiiiijjlv
apparent.
In the net there is improvement in the case;
of every one of the groups
1901.
BxvKB—Ifew TorK.
*285 CowniProe, Nat. Bank of
7 Corn ExcLanReBanb
Shnrtt.
20 Fourth Na lonal Bank
5 (lermau Exohanue Bank
20 Fark B.ink. National
and in the gross there is also
but two of the groups. For the nine
iome increase in all
months the showing is just the reverse of this; all but
two of the groups recording a loss in the gross and all
bat one a loss in net.
A
Trust Companies— JtTew Tork.
1120 Produce Exch. Trust Oo
8 Title Guarantee
'
<b
Trast Oo..
last sale ol
Latt vreviouB tale^
231 ifl.
232-238
Nov. 1P04-
400H
Oct.
Oot.
223!«i
360
627'i
210»«
535
19041004—
V
89-;
iiiyi*.
Nov. 1901—
Nov. 1904-
340
523
May I.OOINov. 1904-
2001*
651 >•
H Name has been obanfced to Bowltcs
which was made Nor. 19C4 at 210.
Sold at the Stock ExchanRe.
Qreen Trust Co.,
Price.
THE CHRONICLE
2180
Valentine P. Snyder, President of the Natlona
of this city, has been elected a member
of the board of directors of the Morton Trast Company, to
sncceed the late Mr. Joseph C. Hendrix.
—Mr.
Bank
Commerce
of
—The Executive Counoil of the New York State Bankers'
Association will meet at the Fort Orange Club, Albany, N.Y.,
on Tuesday evening, November 29.
—On Tuesday of this week the deposits of the new Citizens
Central National Bank of this city reached $30,161,393— the
high-water mark in its history. This represents a gain of
$6,416,628 in eight months, as the consolidated institution
commenced business on March 14 last with only $28,747,763
deposits. Its capital stock is $2,530,000 besides a surplus
fund of $510,000 and undivided profits (less expenses and
taxes paid) of $187,214. Mr. Eiwin S. Schenck is the chief
executive of the bank and Mr. Ewald Fleitmann, Vice-President. The Cashier is Henry Dimse, while Nelson A. Reynolds, Albion K. Chapman and Leo H. McCall are Assistant
Cashiers.
—Mr. Harry J. Luce, President of the Acker,
Company of this city, was recently elected
Condlt
Merrall &
a director
[Vol. LJLKix.
—Mr.
Bank
Frederick C. Burroughs, Cashier of the City National
of Bridgeport, Conn., has been elected to the cashier-
Bank of New Haven,
Howard W. Thompson.
ship of the National Tradesmen's
succeed the late Mr.
to
— Property at the corner of Boylston Streat and MassachuAvenue has been purchased by
Company of Boston. A new building
the State Street Trust
on the
site in which will be housed the company's branch, now on
setts
will be erected
Massachusetts Avenue.
—It is announced that the International Trust Company of
Maryland at Baltimore will reduce its capital from $3,000,000
to $1,500,000. With this object In view the company has for
some time been accumulating stock in the open market and
elsewhere, and recently concluded the purchase of a block of
2 000 of its shares held by the banking houses of John L.
Williams & Sons of Richmond and J. William Middendorf
&
Co. of Baltimore. The holdings of these concerns, it ia
were secured at $127 per share- somewhat leEs, it is
understood, than the stock co3t the two firms. Pending the
reconstruction of the company's building on Baltimore
said,
Street the institution
is
located at Charles and Mulberry
Union Exchange Bank, Fifth Avenue and 20fch Street. streets.
The report of the Commercial & Farmers' National
—Messrs. Harvey Fisk & Sons, of this city and Boston, annonnoe that Mr. William M. Barnum, formerly of Messrs. Bank of Baltimore, under date of November 10, indicates
Simpson, Thacber, Barnum & Bartlett, Coonsellors-at Law, that the Institution Is now on a very substantial footing. The
bank, it may perhaps be recalled, was last December tern
has become a member of their firm.
porarily placed in charge of Mr. W. A. Mason (then National
—Another adj lurnment of the meeting of the stockholders
Bank Examiner and now President of the bank) and shortly
of the Phenix National Bank of this city is announced.
afterward reorganized. That the bank has been progress'
of the
—
Called for the purpose of acting on the renewal of the bank's
charter, the meeting was originally set for October 28; several postponements have been made since this date, first to
November 10, then to the 17th Inst., and now Dacember 1
has been designated as the date for the meeting. The adjournments have been due, it is stated, to the absence at the
meetings of many of the stockholders. Four of the old directors of the bank, namely Henry S. Deshon, Daniel Bacou,
George L. Nichols and William T. Minor, have resigned,
their places being filled by representatives of the new interests.
Messrs. Milton J. Warner, Martin S. Watts, Frederick
B. Hunt and Robert H. Rucker are the new directors.
—The report of
the proceedings of the eleventh annual
convention of the New York State Bankers' Association has
bean sent us by Secretary E. O. Eldredge. The book is of
convenient size and is attractively bound in white, with gilt
lettering.
As was duly reported in these columns, the conveation was held at Bluff Poiat on July 14 and 15.
Ing since this reorganization is clearly demonstrated in a
comparative statement published in the Baltimore papers. The
deposits on the 10th Inst at $2,094,932 contrast with $1,680,929
on September 6, $1,093,131 on June 9, $886,214 on March 28
and $465,915 on January 22. The Item of surplus and profits
now (November 10) is $45,201, against but $566 on January 22.
—The "Baltimore Sun" of the 16th Inst, is authority for
the statement that an unsuccessful effort was recently made
Mechanics' National
to secure control of the Drovers'
Bank of Baltimore. The offer came from Messrs. Townsend,
Son, on behalf, it is understood, of a syndicate comScott
posed of New York, Boston and other capitalists, who, it is
said, were instrumental in consolidating the Citizens' Na-
&
&
and the National Metropolitan banks of Washicgton,
ago. The price at which the maj ority interest in the Drovers' & Mechanics' was sought was $4G0 per
President James Clark states, however, that, as
share.
Mr. Charles O. Gates was added to the directorate of the there is no desire to sell, the offer was declined. The present
Greenwich Bank of this city at the regular meeting of the interests assumed control in January 1901, when the Union
board on Tuesday. Mr. Gates is President of the Royal Trust Company of Baltimore disposed of its holdings of
Baking Powder Company.
1,761 shares in the bank to a syndicate headed by President
tional
D.
C, a month
—
—Group
No.
III. of
the
New York
State Bankers' Associa-
tion held its annual meeting at Waverly, N. Y., on Tuesday
Clark.
The
price
was understood
to be $250 per share, ex
the dividend of $5 a share paid upon the delivery of the
stock in January 1901, equal to $255 per share. The bank
has a capital of $300,000, a surplus fund of $300,000 and undi-
icst. Chas. Adslt of Hornellsville was chosen
Chairman of the Group, succeeding F. E, Lyford of Waverly.
E. E, Hamilton of Alfred, N. Y., was re-elected Secretary.
vided profits of $218,243.
Mr. J. Temple Gwathmey, ex-President of the New York
—The voluntary liquidation of the Citizsns' National Bank
Cotton Eiohange, and a member of the firm of Gwathmey of Washington, D. C. consolidated with the National Met& Co., was on Tuesday elected a director of the Mutual ropolitan Bank last month under the name of the National
Alliance Trust Co. of this city. The latter maintains offices Metropolitan Citizens' Bank— became effective on the 7th
at 828 Grand St. and 66 Beaver St.
inst.
evening the 15th
—
—
—
In an official announcement concerning the proposed organization of the Home Trust Company, It is stated that the
A
office will be In Brooklyn.
branch of
the institution, referred to in our issue of Oct. 22, will be
operated in this borough,
company? 's principal
—Between the calls of September 6 and November 10 the
Farmers' Deposit National Bank of Pittsburgh has added
materially to its various items. The gain in deposits is over
one million dollars, the amount now being reported as $19,on September 6. The bank's surand undivided profits are now $6,764,171, as compared
with $6,693,876 two months ago. The increase in aggregate
resources Is from $26,685,567 on September 6 to $37,774,275 on
November 10.
717,154, against $18,691,691
—To
plus
—
is stated that in carrying out the merger of the Fort
and Fifth national banks of Pittsburgh a dividend of
$53 25 a share was paid to the holders of the 2,000 shares of
old Fort Pitt stock, to give it an equal book value with the
stocks of the Fifth National Bank and the North American
Savings Company.
keep pace with the growth of the Institution, very
extensive Improvements have been made in the home of the
National Exchange Bank of Albany, at 450 Broadway, practically remodeling the entire building. Ttie alterations include the enlarging of the banking floor by an extension in
the rear, the icstallation of several new safes and the conversion of the second floor Into a mezzanine gallery for the
clerical force. The bank has also been eqaipped with new
fire and burglar proof appliances.
The trustees of the New Haven Trust Company of New
Haven, Conn., at a meeting on Monday, elected Mr. Dean B
Ljman Secretary and Assistant Treasurer to replace Mr.
Amos
F. Barnes resigned.
—It
Pitt
—The
Second Assistant Treasurer of the Coloof Pittsburgh was created at a meeting
of the directors on the Uth inst., and Mr. H. F. Borchers,
office
nial Trust
of
Company
Nov.
19, 1904.]
THE CHRONICLE.
2181
The twenty-eight State banks of Chicago, in their official
who continues in his p38k oC paying teller, was elected to
statements of the 11th inst., show an increase in deposits of
the new office.
nearly $20,000,000 and in loans of over $10,000,000 as com—A new bank, to be kaotirn aa the Bank of Pennsylvania, pared
with the published reports of September 7th. The
early
next
year.
The
plans
Pittsbargh
in
will be organized
Merchants' Loan & Trust Company makes the greatest infor the new institution are still in aa ecnbryonic stite.
crease in deposits, $5,500,000; followed closely by the Illinois
—The Manchester Savings Bank & Trust Company of Allegheny, Pa., has added a real estate department to its business. The company began buainesa a little over a year ago.
has a capital of $125,000.
—The Cleveland Trust Company of Cleveland, Ohio, is
about to start work on its proposed building corner of Euclid
Avenue and Erie Street, the site purchased by it two years
ago. Five architects competed in the drawing of the plans,
the successful contestant being Mr. George B. Post of New
York, the architect of the New York Stock Exchange. The
new building will be exclusively for banking purposes.
It
Trust
& Savings Bank,
$5,100,000; the First Trust
Bank
$3,100,000; the Central Trust
Trust
& Savings
& Savings
Company, $800,000; the
Federal Trust & Savings Bank and the Union Trust Company each $6)0 000; the Royal Trust Company, $530,000; the
Hibernian Banking Association, $400,000, and the Western
Bank, $300,000.
—A permit to organize
the International Trust
Company
of Chicago, capital $200,000, has been issued to Royal Scudder, Charles
A. Root and Walter H. Eckert.
—The Omaha
ment
National
Bank
of
Omaha, Neb.,
in its state-
to the Comptroller on the 10th inst.,
shows deposits of
—The Produce Exchange Bank of Columbus, Ohio, was $7,741,046 and aggregate resources of $9,530,606. These
incorporated on the 11th inst., with $50,000 capital. The in- amounts are only a little smaller than the corresponding
corporators are Mr. George B. Durant, Assistant Cashier of items on September 6, notwithstanding that at this season of
the Deshler National Bank of Columbus; Albert O. Glock, the year, when the marketing of the crops is in progress, deW. O. Frohock, Jonas P. Pletsch, Albert Schuweker, Jo* posits are usually drawn down in a marked way. The growth
seph J. Tanian, George Bauer and Abbot F. Durant. The of the institution is revealed by comparing with a year ago.
bank is to locate near Town and Fourth Sts.
At that time, that is on November 17 1903, deposits were
—The meeting of subscribers to the stock of the Capital only $7,129,092, against $7,741,045 now, and aggregate reSavings & Trust Company of Columbus called for Tuesday sources $8,801,843, against the present total of $9,530,606.
The purpose of Surplus and profits are now $189,580, against $175,752 twelve
last has been postponed until the 22d inst.
the meeting, as reported in our issue of last Saturday, is to months ago. Mr, J. H. Millard is the President of the instiact on an increase in capital from $200,000 to $500,000, and tution, and associated with him are Messrs. William Wallace
to consider plans of merger with one or more banking insti
and C. F. McGrew, Vice-Presidents; Charles E. Waite
tutions.
Cashier, and Frank Boyd, Assistant Cashier.
—Receiver Albert A. Stasel, of the Newark Savings Bank
The Broadway Savings Trust Company is the latest finanCompany, of Newark, Ohio, which failed on May 21, has cial institution announced in St. Louis. The company's orrecommended the payment of a 40-per-cent dividend. Mr, ganization was perfected at a meeting on the 11th inst.,
when Mr. J. H. Price was chosen President; E, L. Adreon
Stasel's report to the Court on the 14th inst. showed cash
on hand of $86,694, while the claims presented aggregate and Charles 8, Brosvn, Vice-Presidents; and Thomas H.
West Jr., Secretary and Treasurer. Among the directors
It is stated that many of the collectible assets are
$212,789.
are Mr. B. F. Edwards, Vice-President of the National Bank
now in process of collection through the courts.
—It is stated that the Union Trust Company of Indianapo- of Commerce of St. Louis and Thomas H. West and Henry
C. Haarstick, respectively President and Vice-President of
lis, as receiver for the Commercial Trust Company of Indianapolis, has, with the exception of $923 (not yet presented), the St. Louis Union Trust Company. The new comoany
paid all claims of depositors. A sufficient amount for this has a capital of $100 ,000 and is scheduled to open in January
The Stock Yards Bank of Louisville, Ky., for which artipurpose was realized, it is reported, by the sale several
months ago of the assets of the corporation. The company cles of incorporation were filed in June, has been in operation two months, having opened for business on Saptember
suspended on March 28 last.
17.
The bank has a capital of $100,000, and its stock was
—Mr. Charles O. Austin, Vice-President of the National
issued at par- $100. Mr. L. H. Hudson is President, H. F.
Bank of North America, Chicago, who was confined to a
Embry Vice-President and C. H. Wulkop Cashier. Mr.
sick bed with typhoid fever at the time of his bank's troubles
Wulkop was formerly the Assistant Cashier of the Third Naand its absorption by the Continental National, is now at his
—
—
desk in the Continental Bank attending to the liquidation of
the affairs of the North America.
Bank
of Louisville.
—An application to organize the National Bank
ian of Meridian, Miss.,
—
The Hibernian Banking Association of Chicago has
chosen an additional Vice-President to the three already
holding that office. The new official is Mr. W. A. Heath,
who has resigned his position as State B mk Examiner to
join the Hibernian in the above capacity. For nineteen years
Mr. Heath was connected with the Champaign (111.) National Bank, latterly as Cashier.
He is 42 years of age.
—James
and director of the IlliSavings Bank of Chicago, died on the 13th
inst. at his home in Chicago, after an illness of several
months. Mr. Gibbs was born in Rochester, N. Y., but went
to Chicago as a young man and was identified with the
business growth of that city. In connection with his father,
the Gibbs firm built the first grain elevator on the Chicago
River and Mr. James S. Gibbs was made Cashier of the Illinois Trust at the time of its incorporation, with which financial Institution he had been connected ever since.
nois Trust
S. Gibbs, Vice-President
&
—Chicago national bank statements of November 10 record an increase in deposits of $2,562,858 and a decrease in
loans of $5,231,779, as compared with the reports of September 6.
The Continental National naturally shows the greatest accession of depoeits (over $10,000,000), owing to its absorption of the National Bank of North America during the
period; but the First National also has an increased deposit
line of
tional
d%
millions, the Commercial National of more than
i}4 millions, the Drovers' Deposit Natjional of over one million
and the National Live Stock and Bankers' National of three-
quarters of a million each.
of Merid-
was approved by the Comptroller on
the 7th inst. The capital has not definitely been decided
upon, but will be between $200,000 and $800,000. Mr. O. L,
McKay, Vice-President of the Union Bank & Trust Co. of
Meridian, is interested in the new institution.
—According to the newspapers, the New Orleans agency of
the Comptoir National d'Escompte de Paris is to be abandoned. In explanation of this it is stated that the branch
has not been profitable recently, and the tax imposed by the
Louisiana law
—A union
is
said to be oppressive.
two Los Angeles banking institutions— the
Los Angeles Savings Bank (capital $100,000) and the Security
of
Savings Bank (capital $300,000)-ha8 been effected.
The
Los Angeles Savings Bank, which has been absorbed by the
Security, moved to the new quarters of the latter on the 9th
inst.
Mr. John E. Plater, President of the absorbed bank,
has become a Vice-President of the Security Savings Bank,
of which Mr. J. F. Sartori continues as President. The
consolidation was brought about by the fact that many of
the shareholders of the two institutions were identical. The
merger gives to the Security Savings Bank deposits of almost
ten million dollars, two million and a-half having been
added through the consolidation.
—From the San Francisco papers we learn that the FidelSavings Bank of Ontario, Cal., has filed a certificate
changing its name to the American Savings Bank and ts
place of business to Los Angeles.
—Since the absorption of the Federal Trust Company by he
Central Trust Company of San Francisco, Mr, W. A. Irwin,
ity
6
.
-
THE CHRONICLE.
•il82
of the former, has been appointed Trust Offioer of
No additional stock, it is stated, has been
the Central.
issued by the latter on account of the merger.
manager
— With
the publication of the prospectus of the Home
Bank of Cacada, head cffioe Toronto, the plans to establish
that inslilution seem about to be consummated. The proposed incorporation of the bank, which is to succeed the
Home
&
Loan Company, Ltd., was announced in
these columns two yer.rs ago, on December 6 1902. The capSubecrlpital of the bank is to be |1 ,000,000, in flOO thares.
SaviDgs
cow
being received, the price per ehare
being $133"33, payable in monthly Instalments of |13'33 per
share. The shareholders of the Home Savings & Loan Ccmpatiy have secured, at the above price, fSCO^OOO of the stock
of the bank, which, it is stated, will begin bueiness with
tiois to the stock are
The provisional direct|3, 500,000.
Eugene O'Keefe, Chairman John Foy, Edward
funds on hand of at least
are
ors
—
-
:
;
Thomas
R. Wood, Edward G.
Qooderham and Lieut. -Col. James Wilson, who has been
chosen General Manager of the bank. Mr. R. B. Street le
Secretary of the provisional board tf directors.
Stock, J. P.; Ttiomaa Flynn,
—In
the two-and-ahalf years of its exi6tence,the Severe! gn
Bank of Car ads, head office Toronto,has built up quitea large
business. The institution (which commenced business May
1 1902) submits its half-yearly statement under date of Oc
tober 31 1904. Nearly three million dollars has been added
to the deposits in the past year, the amount on October 31
1904 at 17,196,741 comparing with $4,£09,432 at the corre
spending date in 1903, In the same period the item of re
$362,888 to
serve fund and undivided profits has risen f re
m
and
nouncement
1420,873,
total assets
is
made
from $7,209,920
of
An-
to $10,201,954.
the contemplated retirement
ol
President H. S. Holt. Mr. Holt resides in Montreal and find:
board meetings in
it impossible to attend the frequent
Toronto.
IMPORTS AND EXPORTS FOR OCTOBER.
The Bureau
Washington has Issued
the country's foreign trade fo}
October, and from It and from previous statement?
we haye prepared the following interesting sumof Statistics at
[Vol. Lxxix.
similar totals for the four months since July 1 for
six years make the following exhibit.
OOLD
MlBOHANDIIB.
SILTHB.
Four
Hot.
Mxp9rU. Importt
Bxet$
of
Export
-1
-
%
t
1904 474.3C9 333.137 138872
434 0!3 347
1904 449,287 333
190;i.
4-76
14408-
Uttce
1901 470,125 494.468 173H42
190U. 48.i,!^20 435 60 447610
1899 434 826 469 090 163726
*
23.:
Import.
—a..^—
.—
1
1
Bx.
POTtl
axe$ti
of
BXPOTI'
1
Mxport*
Eatut
Im- of
Js.
portt
—
t
1
%
t
t
48 9 '6
•10,48l< 16,218 7.1'a
9.36'1 0.663 44,<'91 •14 i: 8 10 582
14. 81 44,83' •10,657 17.435 9.263
7.25« 48.610 •41,864 17.791 10.427
44,607 34.' 95 •11.48- .i3,235 14 153
3,701 19 422 •13,718 16,302 10,610
18.447
pcrti.
8 785
l.lf4
8168
7.864
8.762
3.691
Bzce>i of Imports.
In these tables of totals, gold and silver in ore for
the years are given under the heads respectively of
gold and silver.
all
The following shows the merohandise balance for
each year back to 1875.
BX0B88 OF MBB0HANDI8B IMPOSTS OB BXPOBT8.
4 monthB ending Oct. 31—
10 months ending Oct. 31—
876
876
877
878
879
880
881
882
883
884
885
886
887
888
889
890
891
892
893
894
895
896
897
898
899
900
901
902
903
904
1875
1876
1877
1878
1879
1880
1881
1882
1883
1884
1885
1886
1887
1888
1889
1890
1891
1892
1893
1894
1895
1896
1897
1898
1899
1900
1901
1902
1903
.Export8.138,87I.."04 1904
Imports.* 3,973,143
Exports. 43.586,158
Exports. 84,095,07«
Exports. 81,811,116
Exports. 86,406,582
Exports. 74,298.997
Exports. 32.201,956
Imports. 4,676,046
Exports. 17,131.847
Exports. 26,582,317
Exports. 6,155,030
Exports. 3,214,€6^
Imports, 3,200,743
Exports. 19,747,537
Exports. 15,517,670
Imports. 9,593,805
Exports. 59,749,371
Imports. 2,3.'i8.9.'>3
Exports. 82,636,681
Exports. 28,176,297
Imports. 26.370.010
Exports.132,068,428
ExportB.182,286 21.'.
Exports. 164,888 467
Exports. 165,736,637
Export8.227,640,380
Export8.176,6i2,832
Exports.l 16,065,178
Export8.124,038,596
Import8.$35,768, 355
Experts. 93,f49 1^41
Exports. 71,991 489
Export8.237,t65, 651
Export8.201,443 193
Exports 105,462 491
Exports. 130.- 01 92>
Imports. 44,113, 076
Exports. 63,214 856
Exports. 87,338 152
Exports 61,468 ,823
Imports. 2,235 ,fc30
Imports. 30,2s.0 870
Exports. 81,322 837
....Exports. 15,137 ,586
Imports. 28,315 ,168
Exports. 46,487 ,800
Exports. 45,066 ,459
Exports. 22,190 ,325
Exports. 96,661 ,369
ImportB. 81,105 ,045
1
ExportB.207,0'ii2 .t68
Exports 219,248 144
Exports. 4tO,16e ,236
Export8.870.309 ,391
Exports..' 00,2f 6 .481
-
Exports. 464.054 3£0
ExportB.597,919 ,199
Export8.308,94 5 ,598
Export8.304,260 .048
the statement of
SX0tXjetavi3g Cammerclft
i%nQXxsh'^txas
[From our own correspo
maries.
ident.]
FOBBIOH TBADB AIOVBMBHT OV THB TTMITBD STATBS.
London, Saturday, November 5, 1904.
(In the fonowinR tablet three olpheri (OOOi) are In alloaiet omitted.]
The arrangement happily arrived at between the British
-1903.
1904.
Bxceu.
Importt.
BXVOTtt.
SmcMt. and Rns&ian governments at first gave general sal ief action,
and there was an improvement upon the Stock Exchange.
merch'dlee. S
%
%
%
t
%
'46^2,860 + lir.804
391.678 a64.087 +127.61B A considerable portion of the press, however,
Jan.-Mob.... SVO,7«4
was adverse
345.877 •f4r,Be5
Apr.-Jnne..
3O3.«80 a48,717 +37.263
83.221
71.166 -t-14.053
91.818
+»,e25 from the fir8^ and press criticism has i flaenoed many peoJuly
84.188
94.851
+4,516
89.416
Angratt
87.788
84,019
+7.897 ple, so that there Is more diversity of opinion than thera
110,8'
September
131.261
84,139 -(-30.122
81,817 +38,648
was at the start. Upon the whole, however, the city is eat.
Qii.SOl
+70,176
160,389
Octbber
16a,570
81.921 +78.168
isfied with the arrangement.
It recognizes that the Czar
Total
1.148,035 813,776 -f3O4,£60 1,149.666
810,719+308.946
could nt t be expected to recall his Admiral at the dictation
Gold and Gold In Ore.
of another Power, and that, therefore, if the recall had b?€n
4,388
Jan.-Mcb,...
44.116 -17,728
-3,761
4.686
8.896
Apr.- J use..
64,061
45.648 +38.413
Further48.701
3.680 +43,121 insisted upon, war would have been inevitable.
.
,
—7,842
+4.999
— 1.4b7
3856
8.929
7,764
4,212
8,0.5
-4,149
9,118
86
968
363
80.896
76,700
+10.196
~4 1.889
+6,202
+6,890
+3.154
+4.331
+1.376
11,109
6,896
July
1.083
Angnst
,
10.763
September.
October
4.745
4.681
7,819
3.186
3.026
+4,487
-7.7e4
-4.187
-4.674
36.(67'
+3,222
'
Total.
Silver and Silver In Ore.
13,026
13.341
Jan.-Moh...
Apr.-Jnne..
July
6.884
6,961
1,881
4,618
4.008
l,f6l
+ 1.924
4.£9l
4,020
4,863
3.143
4.660
3.321
4.664
4.869
1.687
4,783
41,239+41,377
48.097
19,339
4.535
4.^49
AUKUBt
September.
October
3,379
3,186
Total
44.615
+6,449
+ 1.075
+427
— 34W
+6'<1
+105
~78.688
+ Bzoest of ezpona.
azoeiB of Imports.
We subjoin the totals for merchandise, gold anc
silver for the ten months since Jan. 1 for sii
-
years.
MlBOHANDIsa.
r«n
4(01. Bxportt. Imvorta.
Eaxest
QOLD.
_„
•^*;
of
Exporttl ^o^"-
Im
vorti.
SILYIB.
Bxctts
of
Bxvortf VorU.
»~"
i~
$
=
1903
1904
1,149 666
1901
1.191,97*
840,7l^ 3U891»< 41.88H 36,667
789.871 497919 34457 36,026
747.B2-' 404061 36.747 44.5'8
1900.
l,ie5..?64
(i93
1899
1.028.444
1,087.4 1>3
09»- 300-6633.047
638,185 »7U309:i3.2A8
Bzcess of Imports.
3<*,721
44.»<11
vortt.
i"
I
1904. 1.143,f8 843.776 304260 86.8P6 76.710 lO.irH 44.6
*
Im
Bx-
6
Bxctt:
of Bx
port*
%'
41.238 41.377
48.027 1 9,3Sf 8.e8f
•3.58h 39,968 41,608 18,16i>
•7.7P1 46.226 45 B«2 40,6 '4
USitt 33.6C6 ;J3.8(-2 40.SC8
•9.65:i
43.122 43.046 18,3.0
more, it recognizes that the Czar could not be asked to stop
his whole fleet, and thereby give up expectations cf relieving
Port Arthur. Over and above this, the city thinbs it a matter of great importance that the entente cordiale with
France should be preserved, and, therefore, that French ad"
vice should be paid the greatest possible consideration during the negotiations. No doubt is entertained in iiflnential
quarters in the city that the Czar is honestly desirous of
avoiding foreign complicatlots; that what he promised he
will fulfill; that tbe laternational Commission will be appointed without delay, and will meet as early as possible.
Neither does it doubt that the Commission will do its duty
without fear and without favcr.
Still, it is recognized that, until ihe incident is closed,
there will be more or less uneasiness, and, consequently,
there will not be very great Improvement in business. Monday there was exceedingly little business doing, Tuesday,
happily, was a Stock Exchange holiday, and on hat day
there was a scare in underwriting circles consequent upon
alarmist rumors then In olrculation, Luckily, by Wednesday morning it was discovered that all these rumors were
false, and therefore there was somewhat of a recovery. On
Thursday there was a decided recovery. Especially the
American department was strong. Yestetday the improvement was not quite maintained.
*
1
Nov.
:
.
THE CHRONICLE.
19, 1904.
inflaence of political considerations was accentnated
sudden advance in the value of money. Quite unexthe
toy
pectedly, late on Friday a million sterling was withdrawn
rmany, and when it befrom the Bank of Eigland for
Wednesday
five
million dollars in gold
on
that
known
came
The
2183
The following return shows the position of the Bank of
England, the Bank rate of disoount, the price of console, «&o.,
compared with the last three years
:
1*»04.
2.
Q
New
would be shipped from
York to
Paris, fears sprang
up
German demand
continue, but that
an American demand might also arise. It soon came to be
be'ieved, however, that the German demand is almost if not
qnite satisfied. The Bank of England did not think it neoeesary to put up its rate on Thursday, as in many quarters was
expected, and that was taken to imply that the directors had
excellent information that no more gold would be with-
that not only would the
drawn
for
Germany.
French investors and operators have been doing a fair
of business in L ndon during the week. They have
not bought British Government securities, but they have
purchased South African mining shares and International
securities, especially BrazUiao, Chilian, Argentine and Uruguayan. Frenchmen are nevertheless anxious. Not only is
France the ally of Russia, but it is uiiually estimated that
she has invested 400 millions sterling in Russian securities of
Therefore* the mere chance of a war between
all kinds.
England and Russia would imperil French interests, both
political and economic, to such an extent that there la little
inclination in France just now to engage in fresh risks. The
French G ivernment consequently exerted itself to the ut
moat to bring about a good u iderstanding between Eagland
and Russia, and no doubt it will continue to use its good inflaence to remove every obstacle that may arise.
On the other hand, there is remarkable prosperity in
Trade is good and investment is on a large scale.
I'^aly.
Swi'zarland is also doing well, and there is vast activity in
Germany. Largely this is due to immense orders being
placed by Russia in Germany for ships, guas, ammunition,
clothing, and so on. The Russian expenditure in Germany
at the present time is upon an unexampled scale, and conse-
Germany
is
making large
profits.
The withdrawal of a millioa sterling in gold at the end of
last week for G ;rmany has hardened rates here.
The German demand is due, as has been stated before in this correspondence, mainly to three circumstances The Imperial
Bank is financing the Government, which has raised no public loan this year
another important bank has locked up a
considerable amount of money in buying H bernia Company's shares for the Government; and Russia has placed
orders on such an immense scale for all kinds of supplies in
G rmany that manufacturers and merchants need exceptional banklog accommodation.
lb will be recollected how
UDusual was the outflow of notes from Berlin to the interior at the end of September.
Notes fl )W6d back rapidly
during the first three weeks of October, but in the last week
of October there was again a very material increase in the
:
;
note circulation.
And
the probability
accommodation will go on for months
is
that the
demand
for
rise in
t
applied for.
1903.
Nov.
i.
1901.
Nov.
5.
6.
s
Coin & bullion, both departm'ts
Prop, reserve to liabilities, p. o.
Bank
17,'99.05rt
26,19\4i9
26,2S?.28S
2t,a«3,376
34, 4B2, 710
6«H
8
879^
26T^;
850.073,JC0
ClearinK-House returns
rates for
i6,U4,B0<i
percent.
rate
Consols, 2J( percent
Silver
The
39,819.«6<!
28,769.150
e 38i.7ot»
40,477.251
09 *n Mmrhet
London
Ban\
month*,
2
Oct.
8
i
8«@2«
7-16@8«
2>«
2 7-1 6® 2k
22,ti44.vi2d
li%,93^,'!6^i
23.099,eM5
32.63,378
47 1-16
33,484,43t
35 ifia.ieo
16 7-16
4
4
PSJg
88 3 loa,
46^
279id.
811,8lH.uU0
as follows
26*6''
172,68U.000
:
nt*r*»t mlloviU
Rates.
9-16® 11-16
e
4
91 5-16
237,e3J.00u
Joini Jii'tiT't
Irait BilU
m
2M
m
8%
29i
Stocy At 7-14
Bankt 'aU Days
4 Afot
1^
8
8
8
27i®3
8
41.951,768
I7,5ii2,73i
26,'<21,50a
6 JUontht. SJtfos.
3-ie®2M
Nov.
8,441.783
40.0.^3.754
16.416 l8i
27,705.844
BiXlt.
tlontht
89 858.985
7,621660
29.486,fl?5
88^
money have been
i«
8M
3M<a3H
3
The Bank rate of discount and open market rates at the
chief Continental cities have been as follows
Nov.
28
Oct
Oct 29.
5.
Oct.
Ratttof
Inttrttt at
Banli
Rati,
0*«n
Sank
Open
Afar)c«i
aatt.
itfarfcet
Bank
iH
4«
5
i%
4H
6
6
iVi
5
2 8-18
aambTtrR
8'rankfort
5
i\i
5
4Vfi
5
vmiterdam....
3rntteU
flenna
it. PeteribafR.
Madrid
8
8
8
8
2%
8
2!*^
3
3
Berlin
CoDanhaven.
6W
4«
4«
Messrs. Pixley
November
2«
8«
nom.
3H
.
3
3M
s»
4K
4M
3
4M
&
Bank
Optn
09*n
Rut*. Markat aat». Markt
S
6
5
earn
2H
3%
SH
SK
2%
2»
SH
nom.
8«
4M
3
3^
Don.
3«
5«
8
4«
4M
4M
~2«~
3
5
6
8«
3«
3H
8%
6
3
8
3«
5«
nom.
iH
4M
S
«
Abell write as follows under date of
1904:
Gold— A.Uhoai<h tha (lem»nl
3,
is slightly 1«88 at the moment, all the
arrivals havH bean tatton for Oerm«itiy, and 1q artdicton upwards of a
million has been withdrawn from th'^ Bank for tha same destination.
Tlie total withdrawals from the Bank are «l.377,O00, of which
£1.151,000 Is. as stated above, for Berlin and £180,000 for Ee;ypt.
There have been no arrivals at the Bank. Arrivals: Oape Town,
£621.000; Australia, £17,030; West Indies. £30,000; Vera Oruz,
fS.OOO; total. £673,000. Shipments: BomiAj, £52,000; Madras,
£5.000; total. £=)7,000.
Silver— Spot sliver has continued la poor supply during the past week
and quotations have gener alls' ruled H^. over those for forward.
>stly for ImmeThere has been some buvlns: for the IndUo Baziars,
diate shipment, but; this has n )w oeased, aad tli*^ maritet closes qilet
at 2615, ad. for spot and 26iiiftd. for forward. The Indian price le Rs.
eS^e per 100 tolahs. Arrivals: New York, £145,000; Australia,
£6,000; <Ve3t ladles, £ 1,000; total, £155, JOO. Shipments: Bombay,
m
£1.50.270.
Mexican Dollars—The q-iotatioa remains at 25''s 1. per
Arrivals: Hong Koag, £20,000.
oz.,
with
little
doing.
The qaotations
for bullion are reported as follows:
Kov
Gold.
London Standard.
Oct.
Silver.
Vov.
Oct.
27.
London Standard.
3.
•2.7
a.
s.
d.
d.
s.
Bar
gold,fiQe....oz. 78
78
76 7
8. »?old oola...oz. 70 7
'76
Germ'n gold coin. oz, *76 514
5M
French gold coin. oz "76 6 *76 5
U
yet.
the rates of interest and discount in
Germany, the French banks, which have been employing
very large balances in London for years past, have of late
been reducing those balances and transferring considerable
amounts to Germany. It is understood that five million
dollars shipped from New York to Paris last Wednesday was
in consequence of these French withdrawals.
London
being indebted to Pari ^, and New York being indebted to
London, London has paid Paris through New York, feeling
that its own stock of gold was too small to be safely
trenched upon. It is believed now by those in the best position to jndge that the rise in rates here in London this week
has been sufiBcient to check the withdrawals by the French
banks. The usual outfl )w of coin and notes from London
to the provinces is now going on, and money will not come
back for at least a month.' Moreover, shipments of gold to
E^'ypt take place every now and then, and it is bslieved that
gold shipments to Buenos Ayres are about to re-commecce.
Consequently the best opinion here Is that the rate of discount In the open market will now be maintained very close
up to the Bank rate.
Tbe India Council offered for tender on Wndnesday 90 lac
of its drafts and the applications exceeded 537 lacs, at prices
ranging from la. 4 l-b8d. to Is. 4 8 32l.p^r rupee. Appli
cants for bills at Is, 4 1-83 1. and for telegraphic transfers at
Is. 4 3-32d. were allotted about 18 par cent of the amounts
Because of the
Nov.
28,249,?35
7,683.987
Circulation
Public deDoalts
other deposits....
Government securities
other securUles
Reserve of notes and coin
amount
quently
1903.
Nov.
oz *76 5
Japanese yea
*7« 5
Bar
silver, fine.. .oz
d
d.
26l5ij
^61816
delivery 3611,, 69i6
Oo 2 mo.
Bar sllvor.oontaln'K
6 grs. gold
f'z.
277ie
!7l4
gold
3 grs. gold
grs
oz.
oz.
oz.
Oake silver
M'^xlcan dollars. oz.
4,
Nominal.
i8i6,fl
2578
The following shows the imports of cereal produce into
Kingdom during the nlu) weeks of the season
the United
compared with previous seasons
:
IMPOBTB.
1904-5.
Imp'tsof wheat, cwt.20. 199,200
Barley
6,0^0.000
—
2,354,-00
Oats....
Peas
427. 36«
388,811
9,271.800
2,058,600
Beans...
Indian corn.
Flour
1903-4.
16,832,609
8.502,361
2,276,167
545,759
5»1,718
10,678,708
4,021,898
Supplies available for consumption
on September
1902-3,
16.889,981
7,617,914
8,597,502
1901 a.
11,143,000
8,647,600
3,602 300
307,890
47S,006
6.915,002
3,671,366
524,800
7.533,900
S.2&0,300
(exoluslve of stock
1):
1904-5.
1903-4.
343,4:10
1902-3.
1901-2.
Wheat imported, owt.20,199,200 16,882,609 16,889,981 11.143,000
3,671,366
3,250,300
4.on,898
2,053,600
Imports of flmr
6,776.979
4,471,68 J
3,713,940
Sales of homegrown. 3,366,759
25,619,559 84,568,447
Total
25r. Od,
AviT.prloe wheat, wt^ek. 30a. 6d.
27b. 4d.
Average price, season. 30s. Id
The following shows
maize
afl lat
Wheat
Flonr, equal
Maize
25s.
268.
20,170,279
26b. 2d.
5d.
25b. lid.
the quantities of wheat, flour
to the CTnited
qrs.
to qrs.
qrs.
Od.
26.033,030
Kingdom
and
:
TM$wetk.
La$tweek.
2,545,000
175.000
1,180,000
2,610,00u
180.000
1,165,^00
1903
4.
1,580,000
325,000
1,105,000
1902-8
1.945,000
305,000
788,000
.
THE CHRONICLE.
:2I84
[Vol. Lvxix.
EdkHsIi Flnanetal Harketa—Per OaMe.
The
Breaditnffe Flflrnres Broa^bt from Page 2220. — The
London statements below are prepared by us from figures collected
by the New York Produce Exchange. The receipts at
the week ending Nov. 18:
Western lake and river ports for the week ending Nov. 18
daily closing qaotatioos for securities, etc., at
are reported by cable as follows for
liOVDoa.
per ouDoe
Silver,
OonsolB.,Dew,
2678
887ig
88»i«
d.
2^ p. ots.
For aooonnt
Mon.
Sat.
.........
Fr'oh ren tea ( In Paris) fr. 98-20
Spanleh 48
......
Top.
Baltimore
&,
Preferred
98
184
Canadian Paotfle
Chesapeake A Ohio
47%
Ohio. Great Western... 26
&
Chlo. Mil.
&
8t.
Paul...
179%
Rio Gr., com
Preferred
£rle, common..........
87 14
42ie
Ist preferred.........
75%
2d preferred
58
Den.
Central
152%
& Nashville. 140i«
Mexican Central
21%
Mo. Kan. & Tex., com.. 37I4
Preferred
o5>4
Nat RR.of Mex.,l8tpf. 43
N. Y. Cent. <fe Hndson.. I41>a
N. Y. Ontario & West-. 45
Norfolk & Western
76%
Preferred
96ifl
Illinois
Louls-vlUe
Northern Seourltlea
Pennsylvania....
&
121
701a
3938
......
Reading*
Phlla.
l8t preferred*
Preferred....
1061a
105»a
99''e
99 'a
kOOH
971a
47 3^
26%
179
SSBg
891a
4II9
751a
5714
165%
142%
21%
36ia
6514
44
Wabash
Preferred
931a
121
7038
3914
45
41
6836
37
98
Debenture " B",..
90
41)«
7608
98
26I4
49
70
70
80 801
69.834
89.000
160.000
81.065
169.935
888,900
4.000
95,000
80.790
16,800
20.000
880,000
186,O0C
90.000
15JO0
880 J8S
3,030.83'i
8.171.018
4,160,885
8,982,883
804,044
3,682,811
a,06U,430
853,406
65%
1431a
211a
36ie
661a
441a
1441a
211a
153
143
21
36
56
143%
44
188
22
86
76%
77
961a
961a
120
70i«
3888
70ie
3838
46
45
41
68
69 1«
37 14
651a
36I4
97ifl
11638
97
28ifi
27%
89i«
251a
8914
Receif>U
New York
at—
..
.
PhlladelpbU,
Baltimore
4514
4114
Richmond. ...
Newport News.
70
37 18
98
1 9
97
Orleans*..
New
70ifl
711a
,
Total receipts at porti
four years:
oil owe for
Receipt* of-
Wheat
Com
Bochester(N Y.) By., pref.
Miscellaneous.
Dec
Holders of
Nov
Dec
Nov 22
to
Deo 24
to
Jan
to
to
Deo 16
2
(quar.)
2 'a
IVi
Phiiadelphla Electric
2>9
Deo
Jan
pref. (quar.)
Oil (quar.)
$7
bush. 36.921.563
"
46,5 8,766
"
41,70&.836
89.888.018
91.b81.S08
180,313 5^1
15 777.086
143,646,081
101.594 880
85,197.908
4,o8S.6i6
3,618,6H7
Jan 14
Nov 25
S
Nov 30
Nov 18
Payable 20 per cent In common stock scrip and 5 per cent in Atlantic
Coast Line Co 4 per cent oertiflcates of indebtedness, t Correction.
t
beautifully illnetrated pamphlet descriptive of tne
Louisiana
Arkansas RR. tias been iesued by Fisk
Robinson. Much valuable information is given regarding the lumber, cotton and other industries in the section of the country
traversed by the Louisiana
Arkansas RR. Copies of the
pamphlet vcill be mailed on application by Plsk
Robinson,
35 Cedar St., New York.
&
&
&
&
—Bonds of the Southern Pacific system, first mortgage
liens on through main line, to yield 4'10 to 4-16 per cent,
and also first mortgage liens on important divisions yielding
up to 4-88 per cent, are advertised for sale by T,
Mclntyre
Co., 71 Broadway, New York, on page xvi,
Circulars de
scribing these and other bonds can be had from the firm's
A
&
bond department.
— Attention
600
4S,3:V^.831
6,126.603
9»1,W)»
8.6»1,S35
3,757,019
x,717.071
4,55S,810
"
rS9,187,058
831,847,818
'
&
Auction Sales.— Among other securities the following not
regularly dealt in at the Board, were recently sold at auction:
By Messrs. Adrian H. Mnller Son
:
Slocks.
20 Fourth Nnt. Bank
823%
10 a wyere' Title Ils. Oo 3 6I4
20 Nat. Park Bank
52714
20 Produce Exch. Tr. Co...2iO»«
8 Title Guar. & Trust Oo...^ 86
2 B'way<&7thAye. RB.Oo.243
I
.
20,363
9,800
10,848
140
8.6t<8
"2,iii
'aisoBi'
103,8 tl
8,178
7,500
11.500
"8,881
S,50O
210.531
103.819
33.688
i
180 Harlem Transferee
100
4 oent. Ne^ Jersey i-and
Improvcm. Co. *9 per share
10 Adirondack Telegrarh &
leleph. Co.. $1< each. ^13 lot
1,411 Brooklyn City RR.Go.24ui4
Bonds.
100 Tol. Ann A'bor * North
$16 79 Ft. Wa^ ne & Jackson
MlohlKan RR. Oo
RR. Oo. scrip
$6 lot
$7 lot
8 Jonrneay A Bnrnh. Co.. 48 14 $500 Br'klvn Union Gai Co.
5 German Exch. Bank
360
192ia
convertible 68, 1909
ftuilk.
161,484
6.658
140
700
138,608
Total week..
818.481
US
88,084
Same time '08.1,616,1:20 1,108,079 316.896 851,883
iDo destination of these exports for the
'
Jnly
1,1904, Is as below:
riour.
,
Wk»»t.
.
.
Mx99rti ttr
Week Sine* July Week Sin** July
mtsk »ni (inti Nov. IS,
1,1004. Nov.li.
1, 1904.
July 1 1«t>61t
ouja.
butk.
Jnlted Kingdom
62.557 1,204,467
218.481
4,850,318
^ 4.83i 538,U89
Ssntlnent
886,317
0. Ameriee.
feit indiei.....
a
15.309
8i,9jl
1,116
7,014
nkor eoutrte*
Total
rota 1 1908-03....
102,819
816,806
8l8.r86
week and
0»rm
%
Wnk
BinseJmit
1004.
btua.
6,673,101
4.789 610
81,8«4
3sl,638
118.411
26,714
9.374
28,478
"8,844
Stl.lOl
8&.064
129.SS4
since
Nov. 18
8,880
81*3.833
199,518
Ib.SOS
5.783
63,3i7
1.
73,t«06
2,687,429
218.481
6,090.488 1,606,480
5,418,408
83,8s6.790
31908
810,631 10,878,070
1.108.W79 23,738.971
The visible supply oi grain, oomprlsmg the stocks in
{tanary at the principal points of accumulation at lake and
(•aboard ports, Nov. 12, 1904, was as follows:
FFA«at,
In store ot—
New lora
afloat... >^
Do
doiton
^
Baltimore.....
Hew orieanf
iaiveitOD
Montreal
roronto
Oera,
USiTitt
tutiki
731,000
.^
Pklladelphla
85,000
1.449.000
kitfh,
151.000
818,000
18,000
198,000
97 000
1,000
818.i>u0
"i.ooo
1,087,000
116 000
816 000
931,000
198 000
80S ooo
133.000
i9,oao
184,000
1,792000
492,000
986.000
254 OOJ
06.UU0
1,190,000
11,000
1,000
631,000
49,000
S39.00U
38,000
40,000
1,906.000
2:5 UOO
6,840 000
408,0uu
18,000
6i7,ooo
10,000
636,000
23.000
631,000
..„
.«.
„^
;;;;•••
flOOW
378,000
881,000
3.(00
.,
nfalo
afloat...
Toledo.
Do
afloat
Detroit
Do
afloat
ueato
afloat
<iUwaak«e
7 Corn Exchange Bank... 400ia
7>'0
6 <'ontlnentai lus Oo
68,814
"S78
40Dtreal
ialvaiton
Mobile
Do
stocks.
87,937
taltlmore....
kush.
butk.
kb{«.
46,919
DO
•float
rort William
Port Artkar
2,670,000
Dalath
4,8e8.00C
8,464,606
iibVdoo
1.874,000
S.iOi.ocO
8,887,000
8.870.0()6
168,000
8,000
973.000
33.000
I.i490oo
Do
afloat
i41nneapolti
n. Lonli
Do
.
'
8.060
1,133,000
18,000
8,000
1.5i6,000
afloat
(•niaiOlty
8,141.C00
Peoria
iDdianapoilf
281.00C
28 000
1,819000
910.000
17,000
'000
'BMtlllHlppt River
iLakei.
laeanaiaDd river
Total
Total
Total
Total
Total
.
;:• —
8 >!4.ooo
Nov. 18. 1904 31 302.000
Nov. 6, 1H04. 28.SHe.000
Nov. 14. 1903...a7,>-3rt.000
Nov. 16, 1902. ,V8,0»«.000
Nov. 18 1901.. .46,877,000
486,000
209 000
i
jl
318.670,0^
188,698,184
hulk.
Mw^'rtNewi
UwOrleani
Oo
called to a list of municipal and corporation
bonds advertised in our "State and Citv Department,' by
MacDonald, McCoy
Co., Chicago.
is
&
9.^9
13,878
48.000
87,b73
Ir.M.Am. Golo'i
—A
46
"
'ftliadelphla..
Nov 30
Holders of rec. Nov 1 6
Nov 24
to
Dec 15
Nov 20
to
Nov 30
of reo.
compare as
to Nov. 12
1901.
19,8e5.1S»
..
M:
3oiton
Deo
Holders of rec. Nov 17
Nov 1
to
Nov 20
Deo 16 Nov 20
Nov 30 Nov 22
Deo 15 'Holders
1
1908.
18,981.813
"
'ortland,
1^ Jan
Quaker Oats,
Standard
Deo 28
Dec 25
2S Dec
General Chemical, pref. (qnar.)
National Carbon, com
from Jao.
1903.
18,670,441
r
••wTork.
Jan
Jan
Jan
Jan
Dec
reo.
103.183
The exports from the aeveral oeaboard ports for tlie week
ending Nov. 12, 1904, are shown in the annexed statement:
fVHtM,
Otm, Flour.
Oats.
St*.
P$*i BorlOK
(Steam Railroads.)
3
31.876
8,500
1904.
bbls. 14.889.543
M»9»rts ;«imr-kusk.
(qnar.)
900
'.'.','.'..'.
.
Atlantic Coast Line BS., com
2^
do
do
do (extra).. 261
Boston & Maine, com. (qnar )
Buffalo <fe Susq. JtS., com (quar.)
do
do
pref. (qnar.)
1
Catawissa, pref. stocks
Borne Watertown & Ogd., guar. (qu.).
White Pass <fe Yukon
IHit
Street Railvraya.
American Cereal (quar.)
Consolidated Gas of Baltimore
Consolidated Gas of New York
Detrou City ,Gas
1,007
47,00a
355.»-09 1,070.096
413.280 1,069,044
782,687
49.690
493.668 1.919,086 1,886,481 1,186.376
188,839
83,068
Bieoeiptt do not Inolnde ^ain passing through New Orleans for toreigi
Dorts on throneh bills of lading.
Totalgraln
Jan
86.400
Total week
1903
^
Books Closed.
(Days Inclusive.)
Jan
169,715
81.769
88.818
"33,666
85.818
61.100
61,000
"^eoo
11,100
790.»33
'49.688
8,821
Hye
to
to
*«(«.
681.000
31,974
7O0
"ii.iso
Oats
Barley
1
1
26.000
63.9 11
31.030
nt,
hmah
kut«
663,300
106,872
*
.
Nov
"
.ct«r<«»
Week
e^omvxzvcml mid W^xsctll^ntons^zmB
to
to
Holders of rec.
kttfk.
89.060
71.830
ktttk.
88,300
41,715
48.000
7.628
47,186
46,860
68.889
44.118
3.300
.
Galveston
Montreal
Mobile
2808
90'8
25
49
kki*
140.80S
88,632
.
Boston,.
...
Portland. Me...
39
48
for
the
1391a
4379
7808
961a
121
7014
24%
48
70
6,847,849 98,768.769 49.177,614 71,480.849 80,918.043 8,881.687
e,P69 293 96.268,188 56,884,764 88 512 902 89 90S 078 2,H39.T1
7.851.941 126.806,517 80.106.612 70.881.016 83,686.3^0 1,877,781
The rec<^Ipts of flour and grain at the seaboard ports
week ended Nov. 12, 1904, foUow:
45
43%
4II4
Sine* .Aug. 1.
1904
1903
1908
164
351a
6&ia
65%
Nov
Not
41,000
18,78*
Floor
of Company.
68,640
400
1C762.089
8,666,167
8,418,895
56 >a
154
Per
When
Cent Payable
U.IM
434.010
80,000
400.178
le.ofo
Same wk. '03.
Same wk. '03.
Price per share.
Home
81.400
487.888 ~6,e06,8a3
9,153,792
578,633
608.669
8,646,901
67
155
D I T 1 1> K N D S
61.000
4B.800
Tot. wk. 1904
76''e
89%
87S,28<
402,770
106.8C0
81.000
M.OOO
678,172
511.160
8'9.981
162,500
188.800
74ie
29
90
2S
48
70
1,159.800
131,400
74''8
287e
90.800
849.700
28.650
829.8)0
88
41
11638
971a
178.000
1,816.797
8,198.400
Canias City.
88
971a
117
971a
617,810
lot. 126
26
39%
36''e
98ifi
160,698
Mllwaakee..
Dniath
Hlnnea polls.
Toledo
Bw.
auffc.48 ibt B«.86lb,
178%
40Bb
IZOifl
BwKWilbt BiMh.B«tb« Buth.iHh
Okloago
have been:
Barltt.
25
177
89
91a
4414
Out*.
5238
841a
I.'
iJ2>if.lU<1 Ibi
Corn.
60
138%
34ia
44 1«
WhtaU
ifleur.
Cleveland ...
St. LOQll ....
Peoria
361a
70
1151a
471a
251a
177%
BtctivU at—
for each of '.he last three vears
1.
Detroit
97
97»a
ISeifl
178
36
441a
761a
961a
1201a
7019
8938
4514
4114
76
25
136
60
140
1401a
44B8
99
971a
971a
ls6ia
4838
251a
135%
971a
27'a
871a
U. 8. Steel Corp., com..
Preferred....
*
87%
«7'8
871a
1161a
89ie
1031a
10018
8858
105 >a
98
Union Pacific
6I4
89>fl
4H4
Preferred
6i6
105 >a
45
2d preferred*
Southern Pacific
Southern Rallw., com..
and since Aug,
FH.
6i«
89«>8
90
106
100i«
Ohio
6I4
6
& Santa Fe.
Preferred
Thnn.
26'8
26i3ig 26''8
267e
871B16 8818
88)4
886,8
888,e
8838
88
886,8
SBH
883,«
98'48i« 98-87 »« 98-32ifi 98-42ia
98-45
87 1«
8638
87ifl
871a
Anaoonda Mining
Atoll.
Wed,
Tuet.
"3.000
"2,060
2 28.000
1,118,000
483,000
1.775.000
1 657.000
1.138,000
1,313,000
3.239,000
5.788.000
b.lltf.OOO
8,281,00U
8.6f3 000
a,6<;8.coo
,
ii
—
Nov.
7
5
1
.
THE CHRONICLE.
19, 1904.]
liork Oity Cleuriiig' House Uaiiks.— Statement of
]Sti\v
oondition for the week ending Nov. 13, 11)04, based ou average of daily results.
We omit two ciphers COO) in all cases.
BANKS.
Surplus.
Capital.
.
Legals.
Specie.
LoaTia.
t
Deposits Re-
2185
—
New York
City, Boston .lud Philadelphia Banks. Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figures do not include results for non-member banks.
is
We omit two
„__„ CapitalsBAlfKB Surplus.
Loans.
ciphers COO) in all these figures.
Specie.
Legals.
„
De-
Circu-
posits.t
lation.
Clearings.
s' ve.
P.O.
3t. of N. T
Manhat. Co
Mercliants'
Mecluaiiics'.
America
Phoems;
...
Uity ......
Chemical ..
Merch. Ex .
—
Gallatin
But. (fcUrov
Mecli.itTra
Greenwich.
Amer.Exch
Conrmerce..
Mercantile
Pacific
Chatham
...
...
People's
N. America
Hanover
...
Irving
Citizens'
..
2,000.0
2,050,0
2,000,0
3.000.0
1,500,0
1,000,0
25,000,0
300,0
600,0
1,000,0
300,0
70U,0
500,0
6,000,0
25,000,0
3,000,0
422,7
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
500,0
Nassau
Mar.<fe Fait.
Shoe&Lthr.
Corn Exch
.
Oriental
...
Imp. <fc Trart
Park
East Kiver
Fourth
Second
First
N.Y.Nt.Ex.
Bowery
...
N. Y. Co...
German Am
Chaae
Filtli Ave ..
German Ex.
Germania
..
Lincoln
Garfiekl
Fifth
Bk. ofMet..
West Side..
Seaboard ..
IslN.Hlclyn
Liberty
N.Y.Pr.Ex
New Amst.
250,0
3,000,0
300,0
10,000,0
1,000,0
250,0
200,0
750,0
1,000,0
100,0
200,0
200,0
300,0
1,000,0
250,0
1,000,0
200,0
500,0
300,0
1,000,0
1,000,0
600,0
350,0
Astor
ToUl
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
...
2 52-' 8
'j.kisio
1,364,7
281,.
3,
3,556.4
260,2
17,657,2
7,691,6
368,7
2,262,7
123,0
.557,7
13.839.0
29,018.0
14,452,6
23,284,0
23,992,3
3,326,0
183,132,0
26,932,8
6,101,5
9,340,3
2,197,2
4,768,0
2,684,4
30,402,2
161,854.5
23,583,8
3,168,3
6,231,3
2,131,0
16,657,8
51,682,2
6,842,0
17,824,9
2,684,6
639,6
4,271,8
11,873,1
4,861,5
625,0
1,087,6
408,9
2,035,2
6,645,1
1,062,1
615,8
321,4
6,7-.:0.8
1,297,3
359,7
8,211,4
3,318,5 27,839,0
1,058,3
7,668,8
6,605,2 24,940,0
7,064,2 72,954,0
133,0
1,120,3
2,943,3 21,189,4
9,596,0
1,426,6
13,932,7 107,819,8
8159,
7,785,4
773,4
3,144,0
667,9
4,336,9
617,3
4,056,6
4,034,2 48,662,5
1,785,4
9,817.2
682,7
2,604,6
878,3
2,707,5
1,370,2 13,723,3
1,284.1
7,724,8
379,2
2,542,4
8,424,6
1,456,3
528.9
3,682,0
1,409,6 15,471,0
601,1
3,834,0
1,932,4 11,447,5
518,3
6.339,5
554,7
6,020,9
572,6
4,675,0
115,97'2,7 134,643,5
3,095,0 1,921,0 18,456,0 27-1
6,372,0 2,238.0 34,180,0 25-1
3,251,3 1,308,0 18,028,7 2 ,5 'J
4,171,0 1,518,0 23,790,0 •23 -9
3,787,6 2,336,8 25,888,1 23-6
604,0
228,0
2,877,0 28-8
37,831,8 8,257,1 180,740,2 25"5
6.866.1 1,777,5 28,105.0 30-7
1,186,1
676,3
6,732,1 6-1
1,352,8
529,1
7,466,0 25-J
669,3
45,1
2,386,8 25-7
627,0
521,0
5,144,0 22-3
555,6
542,7
2,817,7 38-9
3,458,6 1,824,9 22,750,9 23-2
27,140,6 11,643,3 152,047,6 25 5
4,458,0 1,242,2 21,208,4 26-8
485,5
510,8
4,053,6 24-5
643,6
864,3
6,228,5 24-2
•<28,1
356,8
2,585,7 26-4
2,128.3 1,905,9 15,881,9 25-4
12,056,2 3,963,7 62,996.3 25-4
1,271,7
309,2
6,350,0 24-8
•6
4,254,2 1,351,0 21,851,2
28a,8
358,0
3,198,4 200
1,337,8
712,7
7,033,0 29 1
2,230,1
376,9 10,042,5 25-9
4,531,0 3,932,0 33,924,0 24-9
1,490,3
373,5
7,728,7 24-1
4,444,0 1,321,0 22,592,0 25-5
17,412,0 5,420,0 85,414.0 26-7
250,6
197,5
1,390,0 32-2
4,539,2 2,134,0 24,502.9 27-2
1,114.0 1,559,0 10.419,0 25-6
26,333,4 2,361,8 108,497,0 26-4
1,311,5
466,4
7,104.2 25
414,0
396,0
3,662,0 22-0
854,4
427,2
5,431,7 23-6
768,9
222,6
4,014,1 24-6
13,182,1 1,824,8 68,479,7 256
2,556,4
231,5 10,896,7 25 6
205,0
667,0
3,447,0 25 3
432,1
816,7
6,462,3 22-9
1,658,9 1,728,8 14,761,8 22-9
1,705,0
327,8
7,959,0 25-5
495,0
164,6
2,563,3 25-7
2,054,0
340,0
9,895,4 24-1
632,0
355,0
4,073,0 24-2
3,918,0 1,520,0 19,145,0 28-4
699,0 1,047,0
4,530,0 38-5
249,0 10,107,1 25-7
2,3523
1.010,9
359,2
6,731,6 23-8
879,6
484,1
6,832,9 19-9
940,0
232,0
4,661,0 25-1
•
11250899 226,558,7 76,347,1 11760450 25-7
t
Total United States deposits included, $23,399,300.
t
Reports ot Non-Member Banks.
—The
following
the
statement of condition of the non-member banks for the
week ending Nov. 13, 1904, based on average of daily results.
We omit
two cipTurs COO J in all
is
S
N. V.
$
$
Oct 22 250.616.2 11379304 240,215,5 77.587,6 11997967 42,990.8 l.«83,097.1
Oct 29 250.616.2 11422866 238,360,2 79,542,0 12044342 43.248,9 1,931,550,0
Nov 5 250.616,2 11398795 231,299,8 77, Soil, 11961524 42.585,5 1,938,740,3
Nov 12 250,616,2 11250899 226,558,7 76,347,1 11760450 42,313,9 1,614,801,7
Bos.
Oct 29 52,6.'?5,4 183,907,0 17,889.0 5,921,0 224.262,0 7.390.0 135,682,3
Nov
52,635,4 188,050,0
52,635,4 189,018,0
5
Novl2
17.426.0
17,196,0
5,798,0 230,402,0
6,062,0 224,870,0
48,167,1 211,769,0
48,167.1 214,214,0
48,167,1 215,929,0
Oct 29
70,261,0
69,581,0
66,747,0
260,419,0 11,688,0 120,961,8
261,395,0 11,740,0 133.440.(»
262,374.0 11,730,0 114,697,5
t Including for Boston and Philadelphia the item "due toother banks,"
and also Government deposits. For Boston these Government deposits
amounted on Nov. 12 to $3,751,000 ; on Nov. 5 to $3,756,000.
Nov 5
Novl2
Imports and Exports for the Week.—The following are
New York for the week ending for dry goods
Nov. 10 and for the week ending for general merchandise
Nov. 11 also totals since beginning first week January.
FOREIGN IMPORTS.
the imports at
;
ji-or
1904.
week.
General Merchandise
TotaL
Since Jan.
1903.
1902.
$1,808,621
8,225,281
$2,233,416
9.799.230
$1,971,771
8.090.395
$14,498,653
$10,033,902
$12,032,646
$10,062,166
$104,646,177 $113,613,418 $108,420,593
416,969,459 399,468,801 381.327,431
$92,868,954
390.630.039
1.
Dry Goods
General Merchandise
Total 45 weeks
$521,615,636 $513,082,217 $489,748,024 $483,498,993
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. 14, and from January 1 to date.
The imports
EXPORTS PROM
For the week
Previously reported..
Total 45 weeks
NEW YORK FOR THE WEEK.
1904.
1903.
1902.
1901.
$6,955,809
420,015,490
$11,488,728
432,010.404
$11,257,635
413,268,794
$8,758,199
440,919,918
$426,971,299 $443,499,132 $424,526,429 .$449,678,117
NOTE. — As the figures of exports as reported by the New York Custom
Hotiso from week to week frequently show divergence from the monthly
totals, also compiled by the Custom House, we shall from tune to time adjust
the totals by adding to or deducting from the amount "previously reported."
The following table shows the exports and imports of
specie at the port of New Y^ork for the week ending Nov. 12
and since Jan. 1, 1904, and for the corresponding periods in
1903 and 1903.
EXPORTS AND IMPORTS OF SPECIE AT
NEW YORK
cases.
Deposit with
Capi-
Sur-
Loans &
OOs omitted.
tal.
plus.
Invest-
Specie.
ments.
Notes.
Clear'g Other Deposits
Agent. Bks.&c
Man&Br'nx
Colonial
..
14th Street.
Gausevoort.
Hamilton
ilt.
..
Morris
Mutual
19lh Ward .
Plaza
Riverside ..
State
12th Ward .
Ward
..
Yorkville
..
23d
$
$
100,0
300,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
243,1
291,8
116,7
81,9
123,3
118,9
193,0
195,8
245,0
106,6
682,2
114,3
105,4
285,3
2,473,7
5.239,0
2,002,3
2,008,8
3,242,1
2,192,7
2,778,6
1,915,9
3,022,0
1,234,1
7,829,0
l,68.i,0
1,360,6
122,5
304,0
1,929,7
838,0
2,306,2
63,3
135,2
United Nat. 1.000.0
130,2
Consol. Nat. 1.000,0 1,129,9
Union Exch 750,0 517.4
Chelsea h.z.
61,1
100,0
741,2
712,8
2,152,8
3,922,0
4,590,3
397,2
FideUty
....
Jetterson
..
Century ...
Wash. Hgts
60,2
275,0
89,9
11,1
177,4
123,1
16,3
28,8
170,0
16,1
557,0
36,0
62,5
36,9
13,5
11,3
26,8
15,9
213,4
362,3
137,6
23,5
•f
2»3,2
151,0
lul,6
148.6
121.0
97.6
298,0
199,1
160,0
106,0
291,0
225,0
154,0
3:^'0,3
62,6
119.9
34,0
19,9
101,4
39,4
221,2
14,8
$
363,2
375,0
236,3
106,3
$
622,1
3,5
10,0
59,1
116.4
315,0
206,2
55,t;
110,4
55,6
227,2
335,3
449,0
102,7
213,8
321,0 1,394,0
293,0
176.2
297,7
279,9
235,3
56,7
224,5
5,6
42,8
68,1
3,250,1
5,349,0
2,297,7
2,191,2
3,756,4
2,809,2
2,964,0
2,400.4
3,489,0
1,4!I3,3
23,9
9,820,0
2,284,0
1,936,6
2,510,1
819,3
2,336,8
781,5
572,5
1,270,0
2,730,0
6,134,0
427,2
122,4
51,2
88,3
41.5
24,0
129,0
143,4
169,9
52,7
36,0
438,5
93,5
20,2
2.591,0
1,993,6
3,098,5
8.978,6
1,490.1
5,995,0
3,918,0
1,355,9
1,786,8
728,0
1.450,0
1,630,8
867,8
1,921,8
83.1
82,2
697,9
923,4
31,5
-f
26,0
JSorouyh, ol
Brooklyn.
Broadway
..
150,0
300,0
Mfrs.'Xat..
2J:2,0
Mecliauics'
500,0
100,0
300,0
300,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
Brooklyn
.
Merchants'.
Na8!tau Nat
Nat. City ..
North Side.
Peoples
17th Ward
.
SprnRueNat
Union
Walla bout
.
BorouEh ...
Borough ol
337,0
161,3
581,6
407,2
63,3
741.5
589,9
162,2
184,7
89,6
233,8
116,0
84,4
91,8
2,274,0
1,602,6
3,213.8
7,260,3
1,199,6
5,H27,0
3,268,0
1,290,8
1,628,7
723,1
1,310,0
1,181,0
806,1
1,793,8
12,7
106,3
313,5
207,0
12,7
200,0
134,0
16.5
57,3
11.2
145,0
50.1
54,1
21,0
194,4
68,7
63,6
640,7
111,3
3.;9,0
354,0
81,0
135,4
62,6
26,0
100.3
33,2
109,6
447,7
402,1
797,6
966.4
224,3
772,0
578,0
45,1
101,6
86.3
225,0
161,6
42,1
188,1
National
.
Second Nat
Third Nat..
110,8
825,1
58,0
400,0 1,067,0
3,882,8
182.4
651,8
2,261,6
1,26K.8
1,430,1
76,0
66,2
32,9
2,434.5
1,237,6
198.6
47,2
100,0
10,0
150,5
832,8
,
250,0
250,0
200,0
261,
292,3
i
320,0 1,549,0 1,215,0
5,846,5
07,7
16,4
66,4
223,0
244.0
808,3
4,9
1,910.2
1.179.4
2.110,7
24,2
35,1
160,3 1,064.8
42,0
63,4
3,307.0
1.150,0
59,7
29,9
HOBOKKN.
First Nat...
Second Nat.
IMPORTS.
Since Jan.
Week.
1.
Since Jan.
667.979
47,878,728
..
9.2371131
1,622.995
4,150,515
3.042
$159a00
:^50
980,079
133,662
$2,007,200 $84.56i),390
41,000 33,022,443
26,453,930
$172,391
846.569
35,345
$8,584,592
5,380,778
5,376,121
$2,000,606
6,600
Mexico
South America
600
All other countries
Total 1904 ..
Total 1903
Total 1902
Silver.
Great Britain
..
3.822
9,119
1(10,980
*518.570 $29,883,922
$535
1,596.369
9,185
10,511
France
Germany
West Indies
25.,S00
Mexico
South America.
206.693
*i25
4N.60lr
20,401
1,650
1,399,825
11.381
All other countries
Total 1904
Total 1903
Total 1902
1.
$2,052,978
2,710.978
1,633,993
971,922
.1i2l,
156 855
482,603
234,168
47.173
$22,176
24,320
2.046
$518,570 .$33,172,590
443,450 27.236,498
576.078 29.723.392
.$941,030
1,453.27()
1,078,491
Of the above imports for the week in 1904. .§483 were
American gold coin and $125 American silver coin. Of the
exports during the same time, $2,007,300 were American gold
coin and $
were American silver coin
Auction Sales.
—See page preceding.
^anliiug
iiixd
JfiuaixciitL
Spencer Trask
Monthly Descriptive
List
&
of
Co.
HisflrGracle
INVESTMENT BONDS.
Sichtnond.
i8tNat.,.S.I.
JbrsbyCitv
Firm Xal...
Hudson ("0
Week.
Great Britain
France
Germany
West Indies
N. Y. CITY.
Boroughs 0/
Columbia
Gold.
Net
Leg. T.
&Bank
1901.
$2,409,452
12,089,201
Exports.
BANKS.
171,720,4
136,580,0
7,420,0
7,411,0
Pliiln.
110,0
126.0
5,'?9.8
166,0
Tot.Novl2 102370 122796 1011812 4.44i;.3 6,069.2 137199 7.4611 9 1156548
Tot. Nov 5 102370 122796 1()()5:!53 4.475.8 5.680.7 141881 7,863,0 1166940
Tot. Oct 29 102370 122796 1001684 4,681,4 5,8H1,2 131068 8,015,0 1142370
Transact a j^enera! banking; business and execute
stock and bond or. ers upon the
New York Stock Exchange.
Branch Office, Albany, N.Y.
William and Pine
Moffat
&
St?.,
New
York.
White,
members New Vorlt Htock Exchiinnc.
1 NASSAU STRKKT, COllNKR WAM,.
JDoalcrs In Investment SccnritieN.
TeU S8SC>M2l
Gortlandt.
Telephone Slooks a
9|>r«lalir.
8
6
7
7
THE CHRONICLE.
'2186
[Vol. lxxlx.
market in an advance of nearly 5 points, while the
on much larger transactions, are 33^ poiii'ts higher.
United Statea Bonds.— No sales of Government bonds
For Dicidend* $et page 2184.
have been reported at the Board this week. The following
WALL. HTIIEET. FRIDAY, NOV. 18, Iil04.-3 P. !>1.
are the daily closing quotations; for yearly range see third
The Mon»>y Market and Financial Sltnation.-The un- page following:
usual activity which has been a conspicuous feature of the
Inter »»t Nov.
Nov.
Nov.
Nov. Nov. Nov.
security markets for several weeks past still continues and
1-4
Pericii
14
16
16
17
18
shows at this writing no sign of abatement. Rarely, if ever,
ts.ieso
>104V|
Jaii
'104>«
registered
Q—
'.04>a
•104>a
of
business
at
the
continued
•104y^l04'i
Stock Exchange
has the volume
ISixwIiJcrs^
58 led the
ffia^jette*
4s,
so large for so long a time, especially when the trend of
prices has been so generally in one direc ion, and that up-
ward. In the bond department transactions have been on an
enormous scale, amounting on Tuesday to nearly §12,000,000, par value, and averaging over $10,000,000 daily.
The daily transactions are enhanced to a considerable degree this week by increased activity in industrial stocks and
in some of the usually inactive railway issues.
Gold exports to Europe have been resumed, the shipments
for the week amounting to $3,925,600 and $3,000,000 has
been shipped to Cuba. Although yaturday's bank statement
showed the surplus reserve of the As'-ociated Banks reduced
to less than $9,000,000, the money market has failed to respond thereto a? might be expected, and the maximum rate
for call loans is no bigher than last week, while the average rate is about as then reported.
The open market rates for call loans on the Stock Exchange
during the week on stock and bond collaterals have ranged
from 2 to 3 p. c. To day's rates on call were 'i.M to %% p. c.
Prime Cdmmercial paper quoted at ^}'i<a\% p. c. for endorsements and 4^(a4% p. c. for best single names.
The Bank of England weekly statement on Thursday
showed a decrease in bullion of £404,652 and the percentage ot reserve to liabilities was 51 "Tl, against 52 '36 last week,
the discount rate remaining unchanged at 3 per cent. The
Bank of France shows an increase of 2i^,3 5,000 francs in
gold and 800,000 francs in silver.
WEW roRB OITY M.MARINO-HOTFSF B\MR8
IHff»r*nc«t
:».'4
from
Nov. 12
pr4vious %**tk
9
Ckpltftl .........—
1903
1W8
Nov. 14
Nov. IS
9
116 672,700
1 29,874, 30C
116,972,700
134.643.600
9
100 672,700
Specie ............
Legal teadeis
22666-,70li Deo
76.847,100 Deo
1,603,60(»
63,060.4>(-
117 667.900
870,424 200
44,6 6,100
878,2' 9 400
171,030,300
66 862 90"
ae«ervelield
It p. 0. ol deposits
Dec 6,244,7i/(
294 Oil 260 Dee 6,026,860
219,492,200
213,363,776
237,888 2tl
219,664,850
Bvrplus
Ijoaois
.......••.
A disoountB
l,126,0«9,900 Deci4.'789.600
42,3l!?,900
*1,176,045,000
Olrcnlation
Net deposits
Der
De
46.983,01)0
20,107,400
4,741.100
868,416.1()(i
302,906,8>>i'
De
88^8^6,000
27 ,600
156,441,8)0
8,894,560
6.138426
18,828850
Snrplna reserve
' 923,399 3U0 antted dtatee JepusUt ineladed, kgMnsi $38,379,600 last
oorrespondlng
Wltb
the
week
ot
1903.
tlieae
week and $i<6.921,700
United states lepositse'lmtnateii.tbesarplnereserTe would be $14,744,376
on
Nov.
6.
and
»16.967.275
on Nov. 12
HOTB.— Beturnsof separate banksappear onthepreoedlng page.
1,217,850
Foreign Exchange.— The foreign exchange market was
strong this week, influenced by a demand to remit for
maturing oblig tions and by a scarcity of bills. Gold exports to Paris, $3.925,6u7, and to Cuba, $^000,000.
To-day's (Friday'b) nominal rates for sterling exchange
were 4 8i}4&i 85 for sixty day and 4 87@4 88 for sight. Today's (Friday's) actual rates for sterling exchange were
4 8410(34 84:J5 for long, 4 8695@4 87 for short and 4 8735(ff
4 8740 for cables. Commercial on banks, 4 8380@4 8895, and
documents for payment, 4 83i^@4 8453. Cotion for payment,
4 83i^@4 83M; cotton for acceptance, 4 8380@4 8395, and
grain for payment, 4 843^(24 8i^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 5 183^*^5 18}^ for long and 5 16i^t@5 16}4 for shorr.
Germany bankers' marks were 94 15-16(3951 for long and
955^(a95 11 16t for short. Amsterdam bankers' guilders were
40i^*(a40 3-16 for long and 40%*@40 7-16* for short.
Exchange at Paris on London to-day, 25 f. 14c.; week's
range, 25 f 14c. high and 25 f 12}^c. low.
The week's range for exchange rtites follows
.
.
-Long.sterling Actual
'314 8126
Hlgb... 4 8410
'314 8395
-^3!<6
Low. ..
-Short.-
—
-CabUt.-
4 8696 a 4 87
4 8735 9 4 8740
4 8670
1 8676
4
4 8706 3 4 8716
Parti Bankers' France—
I6I4
6
® 5 IbM
® 6 18»a
High... 6 .8>«
'& 5 lU**
'3 6 !«»»
6 16»4t
Iiow. .. 61'<'«*
ffermany Bankers' Marks—
® 95iiiet
94'» 6 a »6'
High...
96«fe
» 96»i«
'3 9li»ie
fl4»i
Low....
95»i«1
Amsterdam Bankers' SuildsrsIt 40M
® 40»i«*
40^
40'»11
High...
40>8'* 9 40 mi
-a 403b"*
40«i
Low.. ..
Less: * he ot 1%. t *«» ot 1%. t »»« of 1%. Plue: n ii.of 1%. ••i.iotl<v,.
U
I
I
|
'3
'3
'a>
I
|
1
I
I
I
I
I
I
I
The following were Che rate& for domestic exchange on
Jfork at the under-mentioned 'Mtles to-day Savannat,
New
18,1930
oonpon
Q— Jan
la, 1980,suia.l.regi8tered
Is, 1980, small
oonpoii
Is, 1918
registered
'104>9 '104>* '104 Hi '104'a *104'J'104»«
Q—
Feb •104 V» *104>a
oonpon Q - Feb •104", *l(4'o
1918
ls,1918, small.regletered <4~Feb
oonpon
Feb •i('4»« *i04>,
la, 1918, small
registered
Jan •106>« •106»«
48,1907
oonpon 19 —Jan »106'« *106»,
48, 1907
registered !Q— Feb -liiOS •ISO's
la, 1935
conpon'Q— Feb •180»9 •180 Hj
48, 1936
ts,
Q—
Q—
104 V' U4>t
1'4'a •104's 'lC4'3*l'4>t
•ir4>« •104 Hj
•ioi"* •i04i« •104'4>lv4«t
lOO'* •1C6V, 'io6y«ioe>«
'106>« •106 >« -ioe>**io6<t
130S '130 <« •180>a''120>«
'ia0»»l*130'» •180>«*180>«
'Thiats the pnoe bid at the mornini board: no ««t« w<ta
main
Railroad and Miscellaneoas 'tocks. -The market for
stocks has continued active and the tendency has been towards
higher quotations. Transactions at the Exchange averaged
nearly 1,500,000 shares per day and the list of stocks that
have advanced is longer than that of lower prices. Sharp
advances have been recorded in several cases, which are in
part offset by exceptions to the tendency noted. In the
railway list the upward movement was most conspicuous in
some of the low-priced issues, including Detroit Southern
preferred, which advanced from $10 per share to $30, and
Duluth South Shore & Atlantic preferred, which on Monday
sold over 8 points higher than on Friday; also including At1 -ntic (]!oast Line and Nash. Chat & St. L., each of which advanced 12^ points To-day's market has been easier, and in
several cases the high quotations have not been maintained.
Industrial issues have been much more prominent than of
late in activity and erratic movement. New York Air Brake
led the advance in this class by a gain of over 19 points.
American Hi 'e & Leather pr- ferred sold rearly 15 points
higher than our last quo'ations. Federal Mining dc Smelting
10 points, Anac 'uda Mining 9 points and Amalgamated Copper 6 points. American Sugar Refining added 5 points to its
pievions highest record of the year. The CJuit-'d
tates
Steel is«ues also made new high records, but close about a
point below the highest. Corn Products and some less- known
stocks have been active, generally at advancing prices.
For aaty v lume of buHii.ens ste page 2193
The followins sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
•iaui
VtSK
Xndim
Nov. 18
Amer Beet Sugar
Amer Teleg & Cable..
Amer Tobacco (old) iit..
Canadian Paritlo rights
ChloBurl<fe Qaincy
Diamond Match Co
OlstU Co of America, pf
W
Ft
& Denv C, stmpd..
General Chemical, prel..
Homestake Mining
Horn 8Uver Mining
Rnlck loe (Chicago)
Laolede Gas, prel
..Nat Knam<b slumping..
Preferred
Central Coal
New
NY
liQca
Co
8«n#« «iH«« Jan.
Wet}*
24 Novl*- 28 Nov "6
10 91 4No»14 91SNovl4
3"0 14378NOVU 149 Novl7
ei^Nov 7
6»8Not12
14,000
2 200 Novl« 2011 NovU
13i 1 1 1 Nov H 42 Nov
800 60 Novl7 60 N0VI7
200 46 Nov 14 46 N0TI4
300 96>2Novlr »'7TeNoTl8
151.
70 Nov 17 70 Novl
i^OO 1 65 Novl4
65 Novi4
200 11 Novle 11 Novl
300 100 NoTl- Ou Nov
2,170 22H.NOV14 21«iiNo»15
100 "5 Nov 15 87 Nov
40(1 42 Nov
42 Nov
315 16 Novl4 17 NovU
26 37>«Novn 37i,Novi7
2'/7 167SNovlt^ 160 NovlH
6uO
1
1
1
1
1
1
Preferred
N ^ & .^ J Telephone...
Qoioksilvc rMmlng
13,300
Preferred
J,7oO
RB
Seonrities 111 Cent'i
stock trust certlflcates
St L <& San Fran stock tr
otfa for C <fe E 111 prel .
Dnlted Kruit Co
Vnloan netlnnlng
Rmnge for
for
1.
Week
620
1
1
19 Sep 26 Not
82 Jan 94 Nov
130>«Feb 149 Not
5 Oct
eVjNoT
181 Jai 200 Not
12734 Jan i42 Nov
40>«Oot 60 Not
40 Maj 64 Feb
94 Feb 96I9N0T
49>QMa) 70 Not
I
1-25
Mar
8
91
Sep
14
76
42
Sep
J'ly
Nov
l>«NovH
3^Novl5
»«J'ne
OSiNovie
3»aNov
90 N0VI2
91
N0VI8
Oct
13>aOot
33W)Oct
87 Not
45 Feb
14 Oct
20 Apr
S7»bNov 46>«NoT
140 Fet 160 Not
4
NovU
1-76
Mar 104 Feb
86
Feb
8SN0T
6>aNoT
98
May
600 130 Novl!- 180 NovlS 122 Feb 133 Oct
300 106>«Novl6 1 isiaNovlS 96 Feb 112>«J'M
300
2^Nov 6 5>i>Novl«
3«»Nov
6>9N0T
ODti'dH Vlu«k>-t. The market for unlisted securities has
been broader and more active this week than for some time
past and numerous important advances have occurred. The
International Mercantile Marine issues made a noteworthy
display of strength on the statements that an agreement had
lieen reached in the ocean rate-war.
The common shares
rose 5^ points to 14^^^ and ended the week at 13^;
the preferred advanced from 24^^^ to 30 and closed
to-day at 27^^.
Seaboard Air Line issues also
enjoyed higher prices; the preferred gained 41^^ points to 40,
while the common ran up from 17^ to 20^^; the last sale
to-day was at ^0. Northern Mecuriiies moved irregularly
between llO^'g and 119; the final sale to-day being
^;
After an adtotal transactions Wrre aboat 33,000 shares.
vance of 5 points to 645, Standard Oil declined sharply to
622 on the dividend of only 7 per c nt for the last quarter,
bringing the total this year up to 36 per cent, as compared
with 44 per cent in 1903; to day the price recovered to 630.
The new Rock Island 4s sold from 94 to 96, an advance of
United States Shipbuilding
2^4 over the subscription price.
5 per cent certificates rose from 34 to 39i^^; the common
gained 2\^ points, to 17J^, and the preferred 3 points, to
73.
Havana Tobacco common ran up 'rom 34i^ to 39, but
to-day it reacted to 33; the preferred declined from 47 to
After an advance to 158*^,
44^^, but moved up again to 48.
Inter orough Rapid Transit fell to 152}y^; it closed to-day
tJreene Consolidated Copper rose from 24J^ to
at ISlfg.
U
buying, 6O0. per $1,000 discount; selling, 75c. per $1,000 premium; Jharleston, 12340. per $1,000 premium; New Orleans,
bnnte, 60c'. per |1,(0U dit-ccuui; commercial 85a75c. per
$1,000 discount; ('hlcago, 10c. per $1,000 premium; St. Loaia,
25c. per $1.000 prem; Sar Francisco 75c. per $1,000 prem.
>tate and Railroad IJonds.— Sales of State bonds at the
Board include .$4.(i00 Tennessee settlement 3s at !)6|.^ and
$25,0(0 Virginia 6s deferred trust receipts at 83^ to 8-!<.
1 he market for railway bonds remains practically as reported last week, except that the business has been more gen- 2Q14- -Tennessee Copper gained 4% points, to 40%. United
erally distributed. Transactions in the tobacco issues have Copp'T advanced from 7!^ to 11; it closed to day at 10>^; the
been considerably reduced, and the net advance in them has preferred jumped from 5s to 64 and ended the week at 62,
Outside quotations will be found on page 2193.
been only fractional. Rock Island Railroad collateral trust
—
\
.
New York
Stock
. .
Exchange— Stock
OCCUPYING
STOCKS—ma Ji EST AND LOWEST SALE PRICES
Saturday
12
2>ov.
*33
»63
87
\0S
a4S
97 "a
95
86>« 8T\
10234 103
102
Vj
149
151
Hi
42
85
145
2514
•88
•62
89
64
Sj
35'>w
353s
174 175'8
1x4 184
200 20134
231 4 231 Hi
155'4l60
•186
ll'a
11
14 >«
8834 42
8738
•11212
89^8
2ii'^
23'8
67
57
85 Sj 35^8
188 189^2
332 "u 332 Hi
33 "-J 3434
85 "a 87'4
•24
25
14
S75Hj
IS'e
223,
2078
41
737g
56>2
64
40>!i
7334
5638
•62
•83
•191
86
198
85
20
•
•
149*8 15234
3034
33
65h
5915
•35 '4
36
»\.^2
82
30
3034
6I34
55
18
61
10234
155Hj
1134
12Hi
23 Hi 24
15
13«8
143,
9
20'8
97H2
95H!
*94Hi
6878
443,
85
145
25 14
89
64
35
35>4
24S8
•87Hj
•6334
172-'4
183
183
200
2003t,
155
190
12
169
23>4
12^4
4034
88»B
76Hi
76
1334
1434
14W,
23
28
Hi
2'5'4
4034
7334
"4
H.
3938
73
54
•62
•83
191
56
64
86
Hi
28
39 »8 40^4
73
84',
2034
8314
83 ^
89Hj 89Hi
150Hil62H2
31
32^1
57
693.
•35
36
81Hj
31
6438
»16
-47
8IH2
31 ,
55 "i
18
51
7^^*
2434
7634
84
20 H»
83
3H4
31»8
54 13 ob^i
*10lHil04
7618 76 H,
8rf^
88
80's SO'e
36
36 Hi
7914
79'4
16
64
Hi
2634
7734
6334
•180
163,
5534
26-8
77
69 Hi
182
75'4
102
7658
88
88 Hi
80 14 80 1<
3ii-',
35
79 '4 7il\
61^'b
61-<B
16Hi
5J34
26^4
7734
17
69
180
75'4 '5'8
• l()li<jl04
334 334
8514 87
•24
77 >4
80
37 Hi
81-8
364
3734
80"8
82
56 H
2«Hi
28 '4
18
60
29
773,
7734
7/3,
70
180
Hi
69 14 'O
181 I8IH1
ma
NEW YORK
American ..
510
275
770
325
Auier Excli.
Astur
Boweryli
Buich's* Or 155
CiMHiiryll.
180
Cliiuie
650
Ask
linnks
City
Coal * Iron
Colonial I1 ..
Pittab'g.
<&
200
86
20
84
Umt«d
Evanav.
Do
Shore
So.
<& Atl..
Terre Haute..
<fe
pref
Great Northern, pret
203
•100
•260
•60
Bid
260
644
93
65
97
94
78
'100
753,
63
97
344
64
Michigan Central
Minneapolis * St. Louis.
Do
904 93
Minn.
Do
148
pref
S. P.
Mo. Kansas
35
Do
6434
* S. S. Mane.
* Texas
pref
pref
1084 103 'e .Missouri Pacific
1464 146 Nash. Cliatt.* St. Louis
43^8 45
at.of Mex, non.cum.pl
234
1364
13534
42
112
24
l:5tj34
434
120
78
•76
Do 2d pref
N. Y. Central & Hudson..
N. Y. Clue. & St. Louis...
Do Istpref
Do 2d
pref
19641^7 N. Y. N. Haven * Hartt.
•434 43 N. Y. Ontario * Western.
764 75
76V Norfolk * Western
»t)0
Do adjustment pret.
95
94
76 4 7H Pacific Coast Co
78
•100
105
83
135'gl3 7
31
30
804
80
75
80
75
75
3j4
'75
•
102
754
75 H
884 8S4
80 4
80
364 37
80 4 814
88
182
80
101
77
.SS
794 SO 4
364 374
81
8338
•68
60
29 4
'.
774
684
77»8
68
30 H
80
•164 IS
17
60
29
105
83
13638 l.)7H
IOI4IO4
7438
150
148
6438
63
107 410834
141 145
42 4 43
23 4 23 4
74''8
Mich. South'n
214 224 Mexican Central
344 35
42
112 120
77
76
H9634 197
42 4
42
&
.
•133
65
•93
150
Shore
Nashville..
I6734 lt5!14 \fl anhattan Elevated .
h3 4 i'i-etrop. rfecur., sub. rec
82
12138 125''>, Metropolitan Street...
92^8
91
14734 14734
135-4
41
L.
"63
61
Long Island
1384140 4 Louisville*
124412534
2138
20
.
152
4
29-S,
77',
69
4182 4
.
.<30
ChtlnealixoTi 175
4276 4:r25
Fifth
First
;!00
Jan
Feb
4.231
8,400
13.075
298,480
19.125
9.330
604J'nel6
7734
NovlS
64 J'ne 3 14'8Novlo
94 Anglo 28 4Novl4
214Mayl6 4i»8Nov 9
55=8May31
33
54
"200 72
74 4 Oct 22
Ma>16 57
Nov 11
11539 Oct 13334 Feb
57 4 Sep 78 4 Jan
153
Oct 190
Jan
274 Nov 53 4 Jan
184 Sep 374 Jan
60 Sep 754 Deo
105 J'ly 1384 Jaa
13 Aug 29»8Jan
83 4 Sep
63 Oct
24 Sep
90'?8Jan
854 Jan
464 Feb
1334 Aug 1834 Jan
168 Aug 1944 Jan
153 Sep 2244 Jan
190 Ang 260 Jan
117 J'ly 162 Jan
5165 Nov 194 Jan
Aug 194 Jan
15 Sep 36 Jan
3 May 174 Jan
30 May 5034 Jan
66 Aug 9939 Jan
112 Dec 119 Jan
10 J'ly 314 Jan
444 Aug 72 Jan
17 Aug 48 Jan
149 Aug 1834 Feb
230 J'ly 2764 Jan
18 Oct
43 Feb
62 Nov 904 Feb
Sep 474 Jan
1
734 Ang 203g Jan
14 Nov 3934 Jan
55 Oct 90 Jan
Aug 194 Feb
7
10 Nov 2938 Feb
23 Aug 42=8 Jan
62 4Ap. 74 Feb
44 J'ly 644 Feb
39 4 J'ly 72 4 Jan
78 Aug 91 Jan
160 Oct 109 Jan
73 Dec 85 Jan
10 Aug 27 4 Jan
03 Sep 106 4 Feb
4 Jan 2
Novl6
NovlS
400 170
864 NovlS
85 70 Aug
216 11 J'ne 1 2034 Novl4
4,411 60 May24 85 Nov 16
2,350 77 Mar 12 Ul4Novlb 77 Oct 994 Mar
39,033 12534 Feb24 15234 Nov 2 125 eJ'ly 151 Jan
8,010 14 J'ne 4 33 Nov 12 lo J'ly 48 Jan
13,400 32 Feb 25 5934 Nov 14 304 Oct 773b Jan
900 22 4 May 9 37'4 Novl8 25 4 Oct 47 4 Jan
7.040 64 4 J'ne 1 83 4 NovlS 624 Oct 8234 Feb
6,700 16 4Feb24 314Novl4 16 4 Oct 364 Jan
Feb 29 5634 Nov 1? 29 Oct 614 Jan
l'J,«50 31
600 104-'anll 1938 Apr 12 10 Oct 40 Mar
45 4 Apr 7 52 Apr 12 48 J'ly 555 Apr
41''8Novl3 23 4 Nov 63 Jan
6,385 26 Marl
300 ti5 J'uel 103 Oct 18 89 Nov 118 Feb
Nor
1
5280
Novlo 275 Dec 334 4 Jan
10 52 45
100 46 Mayl? 62 4 Nov 12 49 Dec 83 Jan
14134
Feb 23
NovlO 95 Sep 130 4 Jan
87,120 101
50,625 13934 Marl2 l694Novi» 1264 8ep 155 4 Jan
70 4 J'ly 1284 Jan
21,0,J0 724 Marl4 964 Augll
102.375 10434 Marli 13038 ucl 21 994 Sep 1424 Jan
8 4 Nov 29
Mar
Apr 23 22 4Novlt<
5
123,560
51194 Feb 1 138 Feb 26 102 May 135 Jan
J'ne 3 67^4 Jan 18 41 Oct 110 Jan
i',606 40
80 J'ly 29 06 4 Sep 16 83 Nov 118 Feb
a4'i5 55 Jan 4 93 Oct 29 42 Aug 794 Feb
1,470 116 May 2 150 Oct 29 10e4J'ne 1324 Feb
32,350 14=8 Feb 24 3638Novll 15 4 Oct 304 Jan
33 Oct 63 4 Feb
24. 300 324 J'ne 1 644 Nov 15
186,190 37 Feb 27 1094 NovlS 3534 Aug 1154 Feb
2,850 1014 Feb2i 146 NovlS 85 Oct 133 4 Dec
20.200 3434 Feb 23 45 Nov .8 344 Mar 47»8May
24 NovlS 17 Nov 28 4 J'ne
2.500 IS'^sFeb
20,634 11 24 Mar 12 13734 Novl2 112=8 J'ly 156 Jan
MaylO
444Novl2 19 4 Sep 45 Jan
25
13,020
1014 May 12 115 Nov II 100 Oct 118 Jan
60 Sep 87 Jan
800 60 J'nel4 77 4Novl
Oct 21 tl87 4 May 2254 Jan
9.-!4 5IS54 MaylO 199
21
19 Sep 35 4 Feb
19-'8Marl4
47
7gOct
7.250
94,810 534 Marl2 76 4 Nov 17 6334 Nov 764 Feb
Aug 93 4 Feb
14
85
May
6
94
Nov
83
213
3934 Sep
72 Jan
950 51 Feu 24 80 4 Nov
J'lyl5
Feb 23
66
I
83
.Mar 17 203
1
I
1
95 J'ly 26 lol Sep 28 80 J'ly 100 Feb
50 4 Aug 76 Jan
100 614 Jan 12 »434 Nov
1114Marr2
133 4 Oct 31 11034 Nov 157"8 Jan
238.077
Pennsylvania
15 J'ly 39 Jan
2,300 17 Mario 31 Novr
Peoria* Eastern
744J'ne
8l-'8Jau23 74 J'ly 91 4 May
I'cre Marquette
568 Maj-31 79 4 NovlO 574 Dec J 76 Sep
Do pref
500 55 Apr 20 77 Oct 14 53 Sop 94 Jan
PitlsD. Cin. Chic. * St. L.
100 90 April 103 Sep 15 90 Oct 113 Jan
Da pref
7734 Oct 21
37 4 Nov 69 4 Jan
Reading, vot'g tr. ctfs. 251,350 3334 Mar 14 88
8 Nov 12 73 Sep 89 4 Feb
3,560 76 Mai
l8t pref. vot. tr. ctfs..
Jan
5534 Nov 81
21
82
Feb
Oct
2,400 554
2d pref. voi'g tr. ctfs
Rock Island Company... 236,210 19 4 Mai 11 37 '4 Nov 16 iy4Auf. 33=8 Ja«
Jan
Sep
36
5534
6
333gNovl8
5734
Jan
29,220
Do pref
100 30 Apr 22 55 Oct -7 30 .\ue 72 Jan
Rutland, pret
15
Jan
Oct
4
7
Jlarlu
13
9
Novl
3.425
St. Joseph&Gr'd Island.
4,100 :i5 May 17 CO No-rl6 32 Oct 58 Jan
Do Istpref
Jan
24
Oct
13
30
NovUi
Jail
b
8,.300 16
Do 2d pref
S50 ?61 Mar 1 78 NovU 68 Aug 88 Feb
St. U*S.Fr., Ist pref.
39 _Dec 73 Feb
8,9-5 39 4 Jan 6 70 Novl4 ...
Do 2d pref
1,425 150 Jan 9 183 Nov 16 148 4 Sep 170 J'ly
C.&E. l.com .stock tr ctfs
Do Istpref
Do 2d pret
•:
Ask
315
200
Bid
Banks
UthStreetH. 300
^^a\
Fourth
400
Gallatin
Gansevoortll 140
500
(iartleld
Cieniian AmTl 170
German Exil t360
German iail .. 590
210
Greenwich
1i
Ask
Bid
iiankit
416
Liberty
Lincoln
Maiden Lane
11 "5
325
2:2
270
Maiiliattanli. .113
175
Market* Ful 262
Meclianics'
620
Ask
140
300 525
1160
Jefferson']...
.
265
Mech &Tra',
130
.Mercantile
250
260
163
Merchants'.. IHO
375
Metropll
175
190
Merch
..
ICxch.
Itniiks
Mutualll
Nasaauli
New Amster
New VorkCo
N Y Nat Kx.
New York...
Itnnkn
Bid Ask
Phenix
290 313
Plaz.a'
200
I :to
Prod Kxchli
600
Hiversidell ..
1300
.Seaboard
200
Second
323 :!26
Hamiltoiili
Hanover
Imp
*
A lie
.
19th Wardli. 130
North .\iner. 210
120
Northern
226
Oniiitan
245
263
2. in
1
-.i
Hut
130 136
500
170
250 280
600
600
146
.siioc (fe Lcth. 135
1000
Stale'
34 th Street.. 190 206'
12th Wardli. 1 20
23d VVnrdT.. 1-25
Union ExohT 1S2 4 190
00
96
i' Hi ted
.. 170
2.>-»
I'iicuicli
350
t5274
Park
426
Trad. 595 0(15
283 300
People'sli
Citi/.eiis' Ctrl 160
222 4 -32 4 .MtMorrisli.. 216 226
Irvini;
700
170
State oiiiK*. a Wx dividend anil riiciiut.
* Bid and aalcea prices: no sales were laaUe on ihut cUv.
« b.x ngiiid.
4 LiO«» thau 100 Huare*.
n Sold at private Bale at this prlo«.
h AssoMment paid,
1 Sale at Stock Exchange or at auction thia week.
I Xrosl Co. oorttflcatos.
Cliatliani
Choitiical
May
AND TRUST COMPANIES— BROKERS' QUOTATIONS
190
530
450
282 4 Columbia . 350 400
Commerce... t232 t238
h25
Consolldat«<l 145
150
C'rnKxchgel t4004
Disoountii ... 130
160
East River.. 157 4 166
Fidelity',] .... 180
340
200
Fifth A veil.. .1450 3750
'I
102
63
138 140*6
167 1693fi
82 4 83 4
•131
Moines..
Do pref
404 Lake Erie* Western...
Do pref
106
40
106
Keokuk* Des
19
51
47
404
16
18
'69
57
60
2334
29 4 30
77'^8
774 78
•68
07 4
68 4
1S2 183
175
810
•17
19
61
963,
70 4 Nov 15 29 4 Sep 714 Feb
11S4 Mar 2 160 Oct 3 121 Nov 150 Feb
§1354J'ne24 165 Oct 3 140 Sep 160 Feb
pref
Duluth
64
86
83
21
40
87 '8 88 4
BAIsKS
UuuUa
62
64
86
200
17
47
17
Hi
543,
20
8334
904
89,255
&
264
Do pref
394 404 I?ne.
734 734 Cj;Do 1st pref
5434 554
Do 2d pref
200
1014104
80
17
56
Do
14
27
83
80
803^
'4
Roch.
Bufl'alo
Buffalo
864 Green Bay<&W..deb. ctt A
deb.ctf. B
20
Do
844 Hocking Valley
844
904 91
Do pref
913,
149341504 149415934 14941504 ilUnois Central
31
313,
3II4 3138
owa Central
3138
31
57
58
Do pref
564 57
56«8 58 '4
35 3634 36 374 374 37 Kanawha* Michigan.
cts. ptd
C.Ft.S.cfeM.,tr.
82
82 '4 82 Hi
8238
82
4 834
804 31 Kansas City So. vot. tr.
31
31
30 4 314
ctfs
vot.
tr.
51
pief.
Do
5634
564
5439 55
54
Hj
79
8234 J'ly
7734 Detroit
73 >4
89^8
126
71 "8 Sep 104
14
27
69
96 4 Oct 19
774
394
Jan
Jan
Jan
103 4 Jan
41
934N0VI2
I419
72 •4
61
•62
64
72''8Marl4
77 >4
3839
Highest
Lowest
700 87»8 6"e''10
Do pref
Brooklyn Rapid Transit.. 164,436 38 Feb 24
so\
26
Highest
Lowest
Nov 7 25 Dec
Nov 18 644 Dec
Feb 24 8838 Nov 9 54 Ang
3433 Ang
13,(i27 8 7 "s Jan 6 1034 Nov 18
23.520 104 4 Feb 18 l554Novl5 106 Dec
pref
134
73 Hi
80'4
MOV
<fe
for Previoui
Year (1903)
Range
tor Year 1904
ot 100-share lots
25 J'lyll 34
400 54934 J'ne 8 106
Santa Fe. 117,300
2614
77»9
3934
7434
^8
25
10
8»»
9
273b
76 14
88
75
87
14*8
45
89
23
23
69 4 594
37
37
187 187 •'8
315 335
1^4
77
253,
1234
42
II24II8
'•i
77
102
200
24>4
133,
19
19
i8H» ly^
47 61- 47 51
41
41=8
40Hj
37
39
40
38'a
40
103 103
'100 lOo
102 102
1U3 103
'260
•260
4280 ".^80 •260
•61
63
62 Sj 62 Si •62
67
-e2'2 65
136'al37'3 I37H2I09I4 139i4l41«8 13939 U134
163 164^4 16378 16514 165 16634 165 14 167 Hi
8I34 83 '4
8I34 8212
81^8 83^4
8 134 83 '8
12338 125
123 124
I2.U4 12434 123 Hi 12538
2058 2l3p
21
20»8 21
Hi
20
21
19%
*130 135
•130 140
130 135 •130 135
65
62iii
»63Hj
•6l>a
62
63
63 Hi 63 H»
•93
98
•93
•94
97
98
91
92
91H!
92^6
92
91
92
91 Hi
148 148'4 148 149 Hi 148^4 14-^3^ 146 149
33'«
3o3<
34Hj
35>2 36
34
35 "4
35»i,
64\ 63 Hi 04 Hi
63 "2 643,
6334 64 Hi
64
10734108=8
108'4l0«'8
1U8''8 109>4
10768 109
140 141
•134 137
133 140
•138 139
43 Is 4318
43''»
43
4234 43
4l«s 43
22-'4
2234 'z:i\
23
23^4 '-^^Se •22 Hi 2 3 "^4
135Hil36»6
136 '4 13734 13534 13738 13(j 4^137 Hi
40 Hi 42
,
4034 44'(,
42
43
41 Hi 4238
•112 120
•115 121. •112 120
•74
79
78
76 Hi 77 Hi
75
77 H. 75
il96 197
•195 Hi lS'8 Hi 19534 i9r)34 Hn7 197
42^4 423.
42 '4 43
4338 43-'>8
42'e 43>4
74 Hi 76-'b
74 14 74%
73 14 74^4
74
90
95
590
•90
'90
95
94
91
•77
78
78
•78
7934
78
78
77
•100 105
•100 105 100 105
100 I06
•814
8.!
83
•83
•82 Hi 84
84
83
137 '4 1.573, 13534 11(738 136Hil3'^ 131^4 136't,
28 4 30
•29 Hi 30
•28 Hi 30
29 Hi 30
80
75
•76
80
•76
80
75
80
•16
•47
883,
150 159
190
12 Hi 1469
12H!
2476
Do
Mange
On basis
83 Nov 7 89 Ang23
Snsqne, pref...
124,530 109 4Marl2 13534 Oct 25
Canadian Pacific
1,600
64 Apr 29 72 N0VI6
-anada Southern
7i)() 154 4 Feb 20 19434 Nov 11
192 4 1924 Central of New Jersey...
141.085
23 4 Marl4 51 N0VI8
504 51 Chesapeake <fe Ohio
9,905 33 Jan 15 474Novl3
4539 47 14 Chicago* Alton
75 Jan 2 854 Jan 21
82 85
Do pref
124 Febll 143 Oct 15
'130 145 Chicago <fc East. 111., pref.
12''8J-ne 8 25 4 Nov 17
171,700
24 4 24 't Chicago tlreat Western..
400 804J'lyl3 90 Nov 7
8S34 88^4
Do 4 p. c. debentures
1,620
47 4J'ne 6 71 Jan 23
66
66
Do 6 p. o. pref. "A"..
3,700 20 J'ne 6 36 NovlS
3534 36
Do 4 P.O. pref. "B"..
4Feb24 175 4 Nov li>
101,950
137
Paul.
17241754 Chicago Milw. <fe St.
40'.' 173
Mar 4 1354 Oct 2
•182 41834
Do pref
1614Mari4
202 Nov 11
4,100
2()0
201 CUioago & North Western
400 207 Feb 8 234 Oct 25
230 230
Do pref
Mar22
L60 Novl2
135
1,200
166 158 Chic. St. P. Minn. & Om
H65 Apr28 187 4 Oct 4
190
Do pref
1434 NovlS
Aug31
6
4
16,950
143 Chicago Terna'l Transfer
13
17,950 ll4Aug31 264Jan 15
24 4 253.
Do pref
15 4 NovlS
J'lyll
4
56,915
144 154 Chicago Union Traction.
10,535 29 May24 47 NovlS
45
47
Do pref
684Mayl><
894Novl2
12,600
8939 89 3p Cleve. Cin. Chic & St. L.
100 Feb 8 112 Oct 18
•II24II8
Do pref
11,070 134J'ne 1 2438Novl6
23
233, Colorado <fe So., vol. trust
604Novl3
59
Do Ist pf. Tot. tr. cfs. 2,830 48 J'ne
59
37 4Novl5
I'ue
37
374
Do 2d pf. vot. tr. ctfs. 6,060 17^8 Marl
18y4Novl2
13,750 149
186 188
Delaware* Hudson
350 2504 Feb 23 334 NovlO
elaw. Lack. <fc West'n.
J333 833
6,600 18 Marl4 357gNovl4
33»4 33
Denver ife Rio Grande
6,200 64 4 Feb 2 4 87 4 Nov 14
Do pref
86 4 864
26 Oct 22
19 4 Jan
•24
454 Des Moines <fe Ft. Dodge.
14J'ne27 143, Jan 23
18,035
934 Detroit South. vot. tr. ctfs
8»4
264 28 4
Do pref. vot. tr. ctfs 6-'.219 234 J'ne27 304 Nov 17
Hi
200
159
165
82 874
I34I4I35
70 4 714
3434
54 Hj 54^8
•62
64
64
83
86
83
•191 2uO
84H2 86
§4
20^4
2034
20
83>4 85
83 '4
9034
90 Hi 9114
90 ig
149 Hi 15134
S1H» 3^
58
57
36 37
82Hi
81
•150
157
65
35 \
172»4l74i4
182 183
63
95
684 70
S7H.
8834
14 Hi 143«
26i« 27
3334
7234
94
130 145
24 Hi 25 Hi
OS''*
55
*62
•83
200
84 '4
20
U't
SH
864
S/iares
152415234 Atlantic Coast Line BR..
974 OS", Baltimore <fe Ohio
132 Hi 135
71
71
190 193
4334 50 Hi
4334 46
68 Hi 72
191 193
50
48
Ann
ot
the
Week
Railroads.
Arbor.
37
66
Do pref.
87 14 Atch. Topeka
10234 103'e
02 "e
169
165
luO
157
13238 1333,
•82
130
66
9oHi
69Hi
6838
'83
4314
34
07
8634
1
94
70
159
165
150
157
38
Saies
STOCK
EXCHANGE
Nov. 18
152 153
96 H> 9734
155
152'5b
"8^ J°8
2034 25
76
85 "s
10236
8534 86H)
10238 102 Hi
931-
1134
23V,
•33
64
67
STOCKS
NEW YORK
Iriday
Thursday
Nov. 17
36
41
40
40 14 41
407g
89
88 Wi 89 7e , 88'4 88^8
'112Hjll6
*n2Hilltf 112 116
23«8 24>8
23 Hi 237g
2369 243e
69^8 60
5734 68>4
69 Hi 60
37
37'a
3oHj 36H!
8634 37 Hi
186 Hi 138
187 H« 189 Hi 187 189
315 a33>o
•315 833Hj 333 333
34 "4
34H» 35^8
34H: 34 'i •33
8634
86
86 H2 87 H2
86^8 87
24 26
•24^2 25 Hi
7oH 76
13
8634
97
95
9.>
69 Hi
6936
159 •150
•157
165
ll^B
22^4
13Hj
7Hj
1634
ID'S
•33
•04
67
87 14
95
70 Hj
67
159
155
165
157
87 H.
•81
87I2 •83
132S8 133 Hi
132 "s 134
6SHj 68 Hi
69
09
*192 193
19212 191
46 14 47
46''8 48 Hi
44 '8
45
43
45 »(
85
»W2
145
130 145 *130
24% 25I4 24 '8 251.
90
•88
88 Hi 89
64
6334 64
•62
35 Hi
35 Hj 35 "e
35
172I2I74I4 ,17234 1743g
•183 Hz 184 Hi *183 184
20038 201 Hz 200 20034
230 230
168 159
\bi"
*190
186
Iq
23 "i 24
12 Sr
153
98
Wednesday
Nov. in
3!5
•64
65
95
46»8
243(,
36
9634
•83
130^6 13234
67 '8 69
193 193>4
•80
•130
33
8734
159
165
87
463e
37'8
Kov. 15
•33
65
68h
67=%
Tuesday
Nov. 14
36
U5
103
148
P8
95
•155
•157
Monday
Record, Daily, Weekly and Yearly
TWO PAGES
6
New atock.
48S 68
9
.
1
2I«8
Stock Record—Concluded— Page 2
STOCKS— HIGH KRT AND LOWEST SALU PKJCJiS
Monilav
2rov. 14
26H
2,-,
63
58
"u
inm. 117
30
30 >j
'a
•y.'>'•>
100
M>4
37^4
•KU
)3;i
V.">
25
W;
411
S,
25
25 '(
54
65^, 67 "^
lltv", 117
35
:j'j%,
9534 90
524
'.i
•Oji-jlOO
36^8 3M'6
l«;6«il0i
132 132
24 Sj 24aj
31 »4 :ilH;
49 Hj 50
107 107
\\2\
111^4 IVA
49
"-J
11
'J
t).">
-17
5
1.-
•01
24-\
46 >2
30
47 "u
4B^4
95
17
17
'.J
0-J
Ol>.j
25
47>',
24
40
1'2
2218
24
23
47
4(j-4
200
29-8
87a„
32^.«
•ita
W\
473g
iOO
30'-,
31
A:i
87^8
3234
3.i
07
1213
215
10
-93
*27
5212
10
Ok
2
8%
8«e
37% 37^ *30
17 i'.
4II2
Mh
'8
7>2
bi4
19^4
Nov. 7?
Nov. 18
26 14
25<\,
25
•£i>->i
25
5234
\il\
53
52
53 V
52^8
6634
67^4
117
6H34
IIH'8
35=8
30-'p
9.-I
953,
31
311,
49 Hs
501.
106^4 1071*
iVs"
171a
17>s
02
62
243^ 2434
461a 46'8
211a 22ie
493.
49
32
23 Vj 24
4733 48
31
240
16
260
107(
61
61
75 'a 76\
31
Si's
871a S8ia
3339 35
96
27
^215
10
714
2734
8I4
95
28
215
534
78
773j
42
991-2
3078 373,
133
131
*21<»8 21
3134
.a-y
51
53
112% 115
95
«i)4
1
24
2438
4534
211a
46^4,
40
47%
2134
2II4
481a
21
24%
49
29
30%
23 "a 24
477,
471a
48%
49%
48
2915 30 "s
23 "a
47 14
'240 260
23i5
1534 lOV
16
*58
61
61
17's
81%
31
Si's
8814
30
31
87'4
873,
34% 36%
93
96
28
217
10
8I4
SOia
1979
421a
30
99
10%
10
3712
35
8%
361a
20%
421s
3034
9913
6S4
6 "4
251.^
24 14
7834
79%
78%
114
170
«217
63,
251a
79«,
914
8
361a
217
9%
37
Sk
37 1<
19% 19%
42
30
99
42
30 «s
99
0% 71s
24% 27
7s'>, 80%
Highest
Lowest
Highest
&
1
Do
114
94'"
171a
prct
115% Union Pacltic
Do pref
9434
17% UnltRyslnv'tof SanFran
Do
pref
WabasU.
647",96
1.65(1
1,100
2,544
30.125
Do pref
44,100
4S%
6,325
21% 22 Wheeling A Lake B«e...
49I4
Do 1st pref
4S
4.475
Do 2<1 pref
30
6,212
31
24% 25 Wisconsin Cent. v. tr. cfa. 11,270
Do pref. vot. tr. ctfs. 10,060
48% 49%
47
Indiian-ial
*240
21
66
79%
8I34
34%
*93
28
31
;>Ii9ceU
Artams Express
260
16%
61
88
ifc
Ili8-Ch:ilmer8
Do
14
88%
25,681
3,800
pref
AmalgamatertCopper
653.510
American Car & Foundry 19,150
Do
pref
353,
American Cotton
96
pref
American Dist.Telefrraph
Oil
Do
28%
216 American Express
10% 11% American (ir.iss Twine
834
934 Aaner Hide & Leather...
De pret
35% 37
216
11
Lowest
&
3034
34
3538
•93
96
271a 28
lO'f
&
24-'>4
77 14
Week
Shares
2534 St. I>oui8 .Sonthw©Bt«m..
8,900
9%J'ne 1 26% Not! 21 12 Aug 30 Jan
53
54 Hi
Do vref
17.600 25%J'ne 1 54'aX„TlMl 24 Auir 66 Jan
6634 68% Southero Paclflc Co
613,510 41'aMarl4 6K34 Nov 15' 38% Sep 68i4Mar
118 118',
Do pref. 2(lin8tal. pd. 33,;500 113 .Sep 12 118%XoTl5|
35 "a ^Capoithern v.tr. cfs. Htmped 220,315 18'4 Fel)24 3B'sOct 2.'>
367^ Jail
9334 <),.
Do pref.
<lo
6,050 77% Jan 6 96 Sep 9 69% Oct 96 FfO
90
M.
O. stock Ir. ctfs.
101
U6
90 Feb 26 97 Novll 85 J'ue 90% Mar
37 14 38% '|\exM
Paciflc.
59,210 20%J'ne 7 S8%Novl4 20 14 Aug 43% Feb
132 1:^3
hird Avenue (N. Y.)...
100 115 Marl 4 134 Oct 22i 100 Oct 12878 Jan
21% 21% Tole<lo Kail ways* Ll|?ht
900 17%J'ne21 27% Oct 2 ll 1 7 14 (Jet 37% Jan
32
32',: Tol. .St. L.
2,82(1 2l%May27 33
W. V. tr. ptfa
Sep 19; 1 5 Sep 31 'g Jan
52
5:^
Do pref. TOt. tr. ctf». 13,745 32 Keb24 53 Sep
24 Sep 48 Jan
10634 107% Twin City Rapi<t Transit.
2,490 87% Feb 23 .a07?<Oct 3l| 79 Oct I2214 Jan.
21
lO",
Range lor Year l'J04
Range tor Previovt
On barit ollOO-ihare Lots]
yearciyuji
v,
24's
61
the
251a
63
260
Salet 0)
STOCK
EXCHANGE
63
783<
88
NEW YORK
63
75%
24%
113% 115
54.V
65 »„ 68 '4
11738118
35 !« 30
9514 95 "a
*96
97
10634 lOO'f
63
8%
203^
28
17's
621a
2334
'.J
Sola
6
ll4
17
02
8I4
18%
52
il '1.1114^;
9434 9434
3Hs
8I4
367(
3134
3
214
Ilia
36
y9ia
31
491s
106 14 107
28
30 14 8034
2434
7^34
9534
24
9934
'4
954
*9oial00
37
37 "s
'131 133
241s •22!% 20
30
224
117'sllS
35 ig 36 14
37 14 38
'131
133
91*34
114
lo?
95
w,
»'.)5'ol()0
41%
22^4
11314
Priday
Nov. 16
42
ol
6
'22"';
2
£7
8I4
lU'j
1
It)
24
40
40
30 's
99^4 100
.,
\u\
6-8
•22 ".J 24
ISi.,
>,
'4
3^114
27
•6
-v
22%
75
S»ii
Tliiirsday
Nov. IS
94 4 9434
14 '2 l'j'2
57
61 Si
74 '4 7.') ''4
61
77
113
165
47
'4
Wetinejfini/
ii2''4'
H,
24^6
210
14
14
•9
y4'>4
31
a'J
a3!'4
*240
:•;'*
JSTOCKS
Tuetilay
^VOL. LXXIX.
.
American Ice
8%
Do pref
36% 37%
19% 19 v^ American Liuseed
Do pref
•41
42%
American Locomotive..
ao's 32
Do pref
99% 100
6%
734
American Malting
1
1
6,110
21,200
loo
2,000
440
11,870
20,260
'.i%Jan 5
30,855 11% Jan 5
3,370
0%Mar24
7,570 24i4Mar24
18,351
7
J'ne 2
1 ,260
22% J'ne 1
38,825 16% Jan 6
2,455
,
Do
Augll il\ji> Nov 4: 155 J'ue «159'4Dec
Marl 4 11578Novl7; 6534 Aug 104%
i86%Keb25 9534 AugSOi 83% Aug 95% Jan
Feb
9 P'ebl7 17% Nov 4l
9 Dec 22% Jan
42% Aprl9 63 Nov; 6! 35 J'ly 04% Jan
15 M»yl6 25 Nov 21 16% Oct 3234 Feb
3234 Feb 24 48'8.\'ovl8
27% Sep 55 14 Feb
14%./'ly25 2J%N'ovl4l 12 J'ly 27% Feb
37 J'ly27 523, .Jan22l 40% Nov 62 .May
21%J'ne29 32 N0VI51 20 Sep 38% Feb
16 J'lie 6 25 Nov
14%Oct 29 '4 Feb
37 J'ne 6 49%Xovl8 33 Nov 55 % Feb
2 250
J 220 Feb
Oct 29 5204 Jan 235 Feb
6 Mar22 21
Novl8
7 Dec 23 Feb
39%Mar2 60 Novl8 ?60% Nov S7%Feb
43% Feb 8 8 134 N0VJ8 33% Oct 75% Mar
1434j'ly 1 31 .a Novlo 17% Nov 4134 Jan
67 Jan 6 8» % Nov 1
60% Nov 93 Jan
21i4J'nel4 35%Novl6 25 % Aug 46% Feb
8834 j'ue 6 9 7 Nov 7 82 J'ly 98
Feb
22 Augl7 28% Nov 18 24 Nov 41% Jan
180 J'ue 2 ^217 Novl7 171 Aug 236 Feb
5 Aug 3 U'aXovl5
6 J'ly 29% Jan
158
71
23,200
75% Jan
2% J'uele
pref
40,993 16 J'ne 3
79% 807„ Amer. Smelt'gdfc Befln'g, 10-<,900 46 Feb 25
115
Do pref
6,576 8834 Jan 6
114%115
170
American Snufl
'160 170
750 110 Jan 21
96
Do pref
2,060 85 Jan b
9634 97
13%
American
Steel
7,422
Fotmdr's
13% 15
3%.)'ue30
51I4
4,<i00 26
Do pref
50% 51%
J'ly 7
27
28
,
N0VI6
10
37'aNovl6
9 '4 Jan
2
42
2% Oct
10
4
Oct
Oct
16% Oct
ll%Jan
37% Jan
1134
Jan
Oct 17
42% Jan
20%Novl6
5
J'ly 1934 Jan
42 -a Nov 16 23% Nov 4S%Jaa
32 KovlS 10% Oct 31% Feb
100% Oct 22 67% Oct 9534 Feb
7
NovlS
2% Mar 5% Feb
28 N0VI8 14% Sep 24% Jan
80%Novl8 3634 Oct 5279 Feb
llJ Oct 24 80% Oct 99 % Feb
170 X0VI6 90 Auk 126 Mar
98 la Sep 8 80 Sep 98% Jan
15 NovlS
3% Dec 2(1 Jan
5178Novl6 36 Dec 69 % Feb
163 Nov 17 107% Oct 134% Jan
141 NovlS 116 Aug 123 Deo
'4
114
170
96
12-8 1
12 '4 12
13
13
14
13
4Hi8
49
48
6OI4
49
49
51
50
14;'.
148-8 147% 1481s 14634 14S% 1473415a
145 146
149791,52% American Sugar Refinuip 352,275 122% Mar 7
II4OI4 14')i4 140
140
140 140
13878 140
140
n40
Do pref
840 123 Jan 4
141 141
144 144 J 114 141
144 la 144 4 1441a 14i7g 145 146 Amer. Teleph. & Telear...
1,450 121
Feb 10 140 N0VI8 117% Oct 169 Feb
9334
9j
94
93% 94% 93 la 94
92% 931a 92% 93% A.mer.Tobac.(ne-w),pf.ctf3 62,710 85% Nov
3 95 N0VI2
ISiti 19'i
xa^i ISh
20
20
20 "s
21
2034 2II4
16,773 10 Jan 4 23% NovlS
21
2314 American Woolen
7% Oct 14% Feb
88
§88
Si
89
89
89% *39
90
Do
pref
1,230
90
90
69
90 NovlS 65 Oct 80 Jan
Jan
26
114 Kj 1151s 114 lie's 117 120
118 1191s 116 120
13,250 61
119% 120 Anaconda Copper.
Feb 20 120 Novl5 68 Oct 125% Feb'
*218 222
224
2 IS'
^Z18 224
218 221 218 224
Orooklyn Union (Jas
218 222
185 Marl6 2J9%Oct 19 170 Sep 225 Jan
8I4 10%
y-^
J Is
9
y
914
10% 10%
91a
4,325
9% 10% L>run8 w. Dock <& C. Imp'
5 J'ly 1
10%Novl6
6 Oct
•51
53
15% Jan
-51 la...
*52 ....
54
66
Butterick
Co
2:55%
57is
2,700
4779 Fe 01'.^ o7'aNovlS 40 Aug 66 Jan
4538 47';
4534 47
40 >« 47 "4
4512 48
4678 483f (Colorado fuel <fe Iron.. 104,425 26 la Marl
4834 NovlS; 24 Nov 82%Jan.
86
bO
*»0
*8l
90
90
^ Do
pref
100 63 Apr 5 80 Novl4 05 Dec 122 Jan
16^4
1618 1.03,
16
IOI4 1634
16
10
1539 163^
Col. <& Hock. Coal <fe Iron.
1534 16
3,800
iy^4 Jan20
9% Nov 22 % Feb
2171a 21884 218 2i9is 2i8 2193f, 217 219
217%219% 218 219% Consolidated das (N. Y.). 101,410 1858 J'ue2fc
Feb 8 220 Oct 19 164 Aug 222 Jan
129 "v 128'-2l30 *128i2l29
128'2l29>i; 129
128% 12815 '128% 129 Continental Tobacco, prel
3.025 101%Jau 4 l29%Novl2 9434 .^.ng 119 Jan
20 "s 24 14
2-1
231a 24 7|
26
24% 25 Is 24% 2434
2478 261., Corn ProducLs
122,930
934 May 9 26% NovlS
!-0
15% Nov 36 Mar
79
80
8L1..
81
82 14
79'a 81
80
Do pref
8.780 05 Mar 9 S2%Novl6 00 Nov 85% Jan
80
80 li
30'
37
36 "4 37 14
3 71s
37 's
3634 37 la
36% 37
Distillers Securit's Corp. 14,956 19% J'ne 9 37 "a Nov 3
36%
367,
•45
20
J'ly 3434 Jan
46
46
47 's
47
49
49
50
55
54
2,435 43%NovlO 55 Novl7
55 Federal Mining & Smelt'g
80
82
78
7934
82
72
75
Do
pref
74
75
2,420
90
72
NovlO
NoTl7
177-!, 181
180 1821.. i8o''il81i4 ISO 181% 180 181%
13,410 cl5l J'ue20 182%Novl4 136 Sep 204 Feb
181% 182 General Electric
19^4 20
20
2034 ij2
20% 213,
20
2 Us
23,820 10'4May20 22 Novl5
20% 21% International Paper...
•78
9 J'ly 19 79 Jan
79
79
79
793,
78
791s
79
79
793^
Do
79
itref
5,»35 64% Feb 9 7934 NovlS 57% Nov 74% Feb
•59>a 601s *59ia 60 S, •59 la 60 ^v •59% 00% *59% 60 "s •59% 79% International Power...
70
60%
26
Mar
17
1
Oct
4II4
23
Nov 73 Jan
401-.
40
40
41
41 14
41
41
40% 40% 41% 41% Internat'l Steam Pomp
5,900 28 Sep 2 41% NovlS 28 Dec 46% May
84
85
85
853,
•84% 85
&b
85
85
S5
•84
Do
pref
85
1,200
71%
Feb
8o%Novl4
6Si<
70 Oct 89% Jan
5138
07 'a 59 "a
521s 52^2
56% 5734 56
57
56% 57 VTational Biscuit
19,510 36 Jan 4 o'J'sNovlo 32 Oct 47% Feb
11034 ....
113
113
115 115
•l^ Do
'115
pref
200 100% Jan lb 115 Novi.
14
Oct 100 79 May
24=8 26
25
26
2434 25
25
25 '4
2-1% 2479
24I4
National
20
Lead.
11,100 14 'e Feb 25
24%
'4 Oct
3
10% Nov 29% Feb
97 ig 971*
'J8
98
9734 ya
9734 y8
98
1.8
Do
pref
97%
98
1,150
80
9^
Jan
'8
Oct
20,
75 Oct 96
14334 148
Keb
148 150
150 158
157
158''4
155% 101% 161 163 Xew York Air Brake
21,225 120 Feb-.'S 163 NovlS 105 Oct 177 Jan
9934 1021*. lOl
97
9.SV/
103 ', 10;i 107
105 107 rl05 IO634 North American Co., ue>,
39,700 80 Mar 12 i07 NovlO 68 Sep 124%.J au
48'-j 51
49=8 631..
40
48% 46 '3 49
47% 49
4334
Mail.
24,-J20
49% IJiiciiic
55 Novll
24 Feb'.
17 Aug 4234 .fan
110 111 a;108isl09iR I08I4 10;) I4 1118'., 109 's 108 '4 109 14
eop. Ga8-L.<& C. (Clue.
IO834 109%
45,375 y2'i4 .M:irl2 lll%Nov 9' 8734 Sep 108% teb
3434 35
3434 33
34% 351s 35
347a 35
35
33% 35 Pressed Steel Car
5,800 24^4 Maylb 44 14 Oct 17 22% Nov 0534 Jan
*83
831.^ 84
«'i\
84
SB's 84
84
83 -4 S3 %
Do pref
83% 33%
2,119 67 Maylt 81% Oct 17 62 ^ Nov 96 Feb
•225 230
230 230
228 228 *220 231
225 -.'30
Pullman Company
230 231
984 209 Marl4 231 Oct 14 190 J'ly 23534 Jan
3OI4 3II4
31
32
31% 32 7(
32% 33',
31% 35
33%
Steel
Spring...
26,060
i)ailway
10 MaylS 35 Novl7 16 Sep 37 Feb
347f
86 '8 86'(
86% 86
87."
87
873^,
87% 88
S83,
Vdo pref
88
883^
9,250 7134 Marlu 8834 Nov 17 67 Nov 90 Feb
I6I2 16'i
16% 17
16% 17
10% 10%
10
10%
Republic
Iron
17
16%
&
Steel
19.810
...
ilaylu 17 '4 Nov 9
5% Nov 22% Feb
63
03
04
63 '4 04%
OS's
04
66
63% 60
077,
Do pref
66
14,125 37 May 13 67 ^8 NovlS 303, Nov 60% Feb
24I4 2434
2334 24-,
2424 "a 25^2
2618
24
251.
Rubber
Goods
24%
Mfg
17,600
1434
Apr
15
2o%Novl5l
12
''86
J'ly 30
Feb
80
80
87
87
•86% 90
87
Do pref
"Hl^ 891s
300 7434 Jan 1" 8534 Qpt 12 60 J'ly 84 % Feb
6iiu 64
0034 64
0-,i'4
62% 63
03
05
621s
la
62
64
.St. & Iron
Sloss-Shetheld
7,900
•'5%
31
Jan
111
%
•97
Nov
22% Oct 72 Feb
*99 100
98
991a gys •99 100
99%
100
99^2
Do
pref
9;)%
400 77 Jan
2I2
99'aNovl4 67 Nov 97% Feb
2ii
2% 'A\
334
4
4 14
Standard Hope dc 'i'wjiie
5
41s
7,5 70
34 Mar 4
5
N ov I
34 Sep
721-j 734
6 4 Feb
12^ 75
75 14
74% 7 5 -'4
72% 771s
75% 77% Tenn. Coal, Iron & RU... 87,376 3l%MaylO 77%Xorl7 25 '8 Nov 08%
•371-^ 39
•371.2 39
Mar
'37 "a 39
38
38
•37%
Texas
Pacific Laud Tru.st
39
0(1
2
391.., Nov 10
25
MayiO
22
Aug 4034 Jan
934
934
934
9% 9%
9 Is
9% S'.,
934
Bag
9
(b
Paper
4,846
Union
379 Aug 19 IC Nov 9
4%
J'ly
15 Jan
70
72
72
72
72
72
«71
72
Do pref
1,179 45 Feb 24 72 Novl2i 5734 Dec 7934 Jan
161,
10
1634
16
16
10% 15% 151... 1534 leu^
U. S. Cast I. Pipe & J.oun.
10% 1
0,344
6% May 10 17 Nov 18
1 5
6 Sep
Feb
71
71
70% 71
70
70% 70
70% 6934 70
6934 7 2 Is
Do
pret
5,576
40 iMar2J 7434 Novll' 33 Nov 55 Feb
118 118
116 118 jii7%iiy's ill9 120
124 ?12.-. 5128 128
United States Express...
1,772 loo leb24 Jl'.'S Nov,
95 Aug 150 "4 feb
13
143^
1334 14i
14% 141s 14
14 '4 14-',
147,
14
14% United Stales l.ieatlier
122,70(
Ola .May
l'i%NovlO
Sep 15'-4 Feb
92'4 91
9334 94
931a 94'.
94% 96
9434 95 14
9434 95
Do pref
13,800 76-9Jau 4 96 '4 Novl7j 71% Oct 9634 May
77 14 79 w.
77% 80
80
8 134
79% 821,
82
82'..
821-, U S BealtyJi luiprove'ut
81
28,7
50
43
J'lyl
30I4 311-.
82%.
17
Nov
313,
30
30% 3034 30% 31 Is 31
33% 33
34% United States Rubber
28.8.10 10 la Feb
34% Nov 18
85 '8
7 J'ly 19% Keb
85
86
85
85% 8534
85
85 "s
86
88
Do pref
87% 88
9.300 41 Jan 4 88 Novl7| 30% J'ly 58 Feb
203^ 2718
27 14 281,
28 '8
27
27%
20=8 27%
2/
28 Unite<l States Steel
440,775
85i« 80
838Maylo 2S%Novl4| 10 Nov 3979 Feb
873,
80
87% 88% 8634 8734 80% 88
Do pref
87% 88%
417,040 511.1 May 13 85% NovlS 4934 Nov S934 Jan
4214 42
4134 42
41^4 42
42
42
41 ly 43I4
42
Virginia-Carolina Chem.. 14,270 2234 j'ue29 44 Novll
43
17% Sep 06% Feb
1131.1 113
Hi 113
113 113
113 113
113 11311 113% 1131s
Do
pref
1,555 97% Apr 10 114% Novll 80 .\np 1281a Feb
Is
327.
31
33
327,.
32% 33
3214 32%
32
31% 31% Virginia Iron Co.d tt
1,700 IS'-i-^ep 7 33 Nov
17
Sep 39 'o Feb
»237 24 5
237 245
238 245 5240 240
24
245 §245 246
300 J 200 .ruelO 250 Aug23! J 191 J'ly 249 "i Feb
Wells, Fargo tt Co
92 Is 9278
9214 93
9214 93
92
92 Is ".'2
92 Is
92
923^
est'n Union rele'gpli
3.400
May 19 93 Oct l7| 80% Sep 93 Jan
17434 177
174 177 '173% 175
173 175
174 Is 17434 174 175% West'gh'se El & W fgas.ien
7,500 153 May
177 Nov 12 130 Oct 221 Jan
190 193
'190 195
190 195
190 1>J0
192 192
Do l,sr,)ri't
40ull80Augl7 195 Oct24"l00 Sep 224 Jan
165
167
90
169
1^
169
96% 90%
1141.
96I4
I..'
170
9014
1334
517^
;i.">
'
i
'•i
;
•
-
^
••
->.
C
1
I
I
BANKS AND TRUST COMPANIES— BtiOxvEiiS' QUOTATIONS
Rid
Wasli.H'litsU 200
West Sideli.. 475
Yorkvillel)
400
JSiiiiks
BROOKLYN
A3li[
1
1
BankH
Ria
Trust Cos.
Rid
Ask
BROOKLT.V
Mauulactrs'. 345 's
CITY
Bankers' Tr. 325
N. Y.
Meclianicsll
280
MercliauLs'.. 130
300
Nassau
375
Nat City
290
North sidoli. 225
41(1
liovvi'gcjrecu
310
HroaiUvayTr
C'lK'lyBdiTr
Coinral Tr'sf
208
155
640
2000
290
212
165
iSi'rf
'IVusl Co'a
Ask
Farm I,o <fc Tr 1325 1375
.)50
Fiftli Ave 'Tr 526
Guaranty 'Ft 045
Guardian Tr 1V5
665
185
Kuick'rb'k'r 915
Lincoln Tr... 350
Manhattan .. 475
Mercantile .. 990
Merchants'..
.Meiropolitjui 025
iMortouTru.st 850
Mut. Alliance 210
Trust Co's
N YSec&Tr
Rid
Ask
700
North Amer. 252%
Ile.il Est Tr'l 325
StandardTr't 330
TitleGuit Tr t686
\
Trust Co's
Rid
Ask
1
•257
"a'
BUOOKLYN
1
Brooklyn Tr 400
Flalbu.sh
200
Frank un
325
Ha.\nltou
315
Kmcs Co
410
L si L <fc Tr. 275
Na.ssau
250
Tr Co of .\ III. t-iori-i
350
600
union Trust 1350 1400
330
People's^]
290
City Trust...
300
1010 US Mtg<«:Tr 440
156
Boron ghH.... 185
136
17 th Wardll. l.'rO
3
Colonial
'20
330
210
Unit St;Ues. 14''0
Broad w.iyli.. 300
290
Sprague
200
Cijuunouw'tli 50
60
040
VanN'deiiTr 205 210
Brooklyiiv .. 125
i4o"" Siuyvesantl 185
200
EasUTn Tr..
880
Wasliin;;-toii. .l.HI
Peopiij'.s
3'Jo
335
pOU'yldtBBI 140
Unionl)
160 170
Empire
220
220
Windsor
190 200
Wiliiamsb'ff. 235
hrsl
240
380
ibo" Wailaboutll
155
Equitable Ti 050 (505
N Y LifeifcTr 101)0 1000
• Bid aud asked prices; no sales on
this day.
i Less than loo siuivros.
Ex
ri,,'-ats.
Ex
c
dividend
aud
rights,
Sale at Stock Exchange or at aaotlon this 'week.
Bx stock di videnil i rnist Co. certitic.ito.'i.
L1
Banks mirk,.' with a par.-i^r.iph
are State banks
2b'50
1
.
•]
1
d)
4H
t1
New York
Exchange— Bond
Stock
)
Record, Friday,
OCCUPYING FOUlt
BONDS
STOCK EXCHANGE
Webx Ending Nov 18
N. T.
Price
Week's
Range
fVidav
Nov 18
Range or
Since
A
Bid
fclijl
registered
OS 3s coupon
High
Low
:---f}x}
.fcJ91
10514 Aug'04
104iaNov'04
104 105
104 '2 105
104>i2Aug'04
105;'4
Korcien Government
Fraukfort-on-Main 3^28 ser 1..
t These are price
Japanese Govt 68 ctfs full paid
Repub of Cnba 58 ctfs full paid
U s> oi Mexico 8 t g 5s ol 1899
M-S
Oct '04
J-J
J-J
J-J
119V|.
102i4Sep'04
109 14 Oct '00
l02i2Mar'02
Mar'02
11 1
11934 Oct '04
Lonisiaua new consol 48. .1914
Small
North Carolina consol 48.1910
19iy
68
1933
So Carolina 4 "as 20-40
Tenn new settlement 3s. .1918
Small
Virginia fund debt 2-3S...1991
68 deferred Brown Bros ctfs.
J-J
105 »9.
102'4J'ly'04
J-J
104
109'aFeD'99
102i4Sep'04
4 to 5
C 4s
Currency fuuding 48
Diat ol Columbia 3-658
102 »«.
10218.
J-J
F-A
A-0
1361a J'ly '01
J-J
J-J
J-J
J-J
120
96 >a 99
961a
Aug'04
96>4Sep'04
95
8^4
S-i
26
ItaiiroatI
Hee So Ry
Midi Hee At Coast Line
Albany & Susq Hee Del <fc H uci
Allegheny Valley ieePenn UK
West
See Butt
K& P
/i,1995 Q-J
Ann Arbor ist g 48
Atch T & S Fe gen g 4s... 1995 A-O
1995 A-O
Registered
Nov
Nov
M-N
Stamped
Debeiiiures 48 Series D.1906 F-A
Adjustment g 48
/i.l995
/il995
/il995
Registered
Series
Series
Series
Series
FA
E
F
1907
1908 F:\
1910 F-A
1913
H
FA
K
East Okla Div Ist g 48.. 1928
Chic & St Ixiuis l8t 68. .1915
Atl Knox & Nor l8tg58..1940
Atlantic Coast Ist g48./i.lP52
Charles & Sav 1st g 78.. 193b
l8l gold 68.. 1934
Sav D' <fe
1934
Ist gold 58
Ala Mid l8t gu gold 5s 192»
Bruns &
let gu g 4s 193«
Sii Sp oca <fc O gu g 48 1918
Atlantic & Dauv See South Ry
Atlantic & Yadk Hec South Ry
See Sou Pacitic
Austin c&
Bait & Ohio prior 1 g3 "^s. 1925
W
W
NW
M
S
Registered
97 "a
137
99^8 Sale
A-O 126\
A-O H3'6
M-N 112 'a 116
J.J
96
J-J
97'a
/tl94t>
MS
QJ
W
Registered
/il925
Ist gu g 58. .1919 ^:i
1st cg4'i28..193U M-S
Toi Ist g 6s 1922 A-O
Pitts Clev
PitU<fe West Ist g 4s. ..1917 J-J
J P
Co certfs
Mouou Riv
R
&
M&
Bat Creek <fe a 6'ee Mich Cent
beech Creek See N V C & H
Bellev & Car See Illinois Ceui
Bkiyu iSb Moutauk See Long 1
Bruns & West See Atl Coast L
Butlalo N Y <fe Erie See Erie
Buttalo R & P gen g 58... 193 .\1-S
AU& West l8tg4s gu..l99b A-O
1st gu g53
194:; JJ
Roch cSi Pitts Ist g 63... 1921
192'.:
Consul Ist g 63
Buttalo <fc Southwest -See En
Butt & Susq Ist ret g 48.dl951 J-J
Bur Cedar R <fc No 1st 5s. 1900 J-U
Con 1st &coltru8ig58.. 1934 A-O
Registeretl
1934 A-O
I FifcN
Ist gu 58.1921 A-O
«t Ll8tgu g 7s. ...192" J-D
190b J-J
Ciauada Soutli 1st 5s
/2d 58
19i:; IM-S
FA
JD
W
CR
M&
,
9714
J-J
MS
A-O
C1& Mah
103
14
476
2
94>4 161
821a Jan '04
94 i63
921a
98i>»
113
P Jun & M Dlv Ist g 31281925 M-N
Va Sys ref 4sl941 M-N
PLE&
Southw Div 1st gSHzS... 1925 J-J
Cen Ohio
973i,
1021-^
93
99^8
9939
J-D
/il94»
1911
94 Sale
99 >«
0634
1021a
10213
Aug'04
99'4 Oct '04
99iaNov'04
97 la Sep '04
97 Oct '04
9715
99
99
A/l-S
J-J
A1925 Q-J
Gold 4s
Registered
Conv deb 48
97
102^8 3316
02 >^ Sale
9414 Sale
1
96
96>4
103'% Sale
102^8
1021-2
90-4
911.
100
92"'^
Sale
1121a
98=8
112 s
9978 191
125i8Nov'03
11268Jan'04
114i4 0ct '04
93 J'ly '04
9734 Oct '04
96
96
963.
90
NoT'04
IU3I4 103\ i23
102=b Nov'04
101 14 Oct '04
92^4
98''4
921*
Oct '04
99 S
93
15
325
90 14 J'ly '02
107 14
108 Hj
119
100
11912 .\lar'04
100
100
Sep
100
1141^
'04
11434
Nov'04
103
Apr '97
llSiv 11708
12l'.2l21i-i
97
99'4 Oct '04
.
103 »6 103a loSig 103 Is
llSHi
122 Sep '04
120 'o Mar'Oo
110 li
112'-2Sep")4
97'^IOOH,
r_i'wi2i
ift
.
104
4'
Sale
Registered
191;.
& Sliawu see 111 Cent
Carolina Cent iee Scab Air L
l()4's
1041.
106
107
107
'a
IOII4 KKJ'g
l'.6i-2
19
Cea Branch
Cen RK & B
Cent
ol
Ua
01
RH
Mo
See
lly
Ga
M-N
F-A
110
1945 iVI-N
194" .M-N
pl945 Oct
pl945 Oct
pi 945 Oct
112
col g 58 1937
1st g 58..pl94o
Consol gold 58
Registered
Isi prel income g 5s
2d prel income g os
Jd pref income g 5s
95
95 »a
1121a Oct
04
Oct
'04
120^4
Sale
n
1 la
107
92
Sale
90 >a
73
70^4
04k
01
112
MS
R&
1
0334
1
MUwife Madison Ist 6s. .1905 .U-S
1910 M-8
North Illinois Ist 5s
Ott C F & St PatU Ist 5s 1909 M-S
Winona & St Pel 2d 78.. 1907 M-N
Mil LS& West 1st gOs 1921 M-N
Ext & Imp 3 tund g 5s 1929 FA
Ashland Div Ist g 63. .1925 M-t,
1924 J-J
Mioli Div 1st g 6s
Cuuverlible deb 58
1907
1911
cfc Pac 08...1917
Registered
1917
General gold 4s
1988
Registered
1988
Coll trust Series C 4s .. 1905
H48
1910
Mis
1915
N 4s
1910
P4s
1918
Chic li I <fc Pac RR 48.. 2002
RoL'isterod
Coll trust gold 5s
107"»4 Sale
J-J
85 I4 Sale
109 13 Sale
J J
M-N
FA
FA
J-J
J-D
J-J
DenCou'l'rCo Ist g 5a...l93:i A-O
Den Tram Co con g68..1910 J-J
Mel Ry Co Ist gu g 68..1911 J-J
Det
St Ity 1st con g oh. 1905 J-J
Or Rapids Ky Ist g 53.. .ol91i, J-D
Louis Ky Co Ist con g6«..193(i J-J
Met St Ky gen col tr g 58.1997
Bwaycfe7tli Av Ist eg 5s 194:' J D
Col cfc 9th A V Ist gu g 08. 190' "-I-S
(.'it
FA
"No price
,
IO713
8478
IOIII3
108
'.13
l8t2'-28
74 's
051a
Extension 4s
8
99 14 108
72'^ 8.-.34
8534 791
109'-.
2 ioT->f,no
ni(i
100
I0514 105 14 Nov'04
"28 100 111
iVd'" 111
1 1 034
93
93 Sale
93
93
70 82
*88l3 SJia 89 14
I
7!"4 00
90
no
99
lOB'a
99
95
99
90
Keok
cfc
117^
Salt
1:7
119
103
Nov'Ol
109
.Mar'Ob
11814
11734
-M 1st
58
1905 J-J
1923 A O
1121-2
la
13213
110
102
99
961a
91«8
10534
10934 10934
91
90>a
1-.
Aug'04
Apr'04
Nov'04
0ct '04
105
1001-2
100
10034
105
IO8I4
1121s 115
10539 loss
129
129
II4I3I2O
Dec'O'.:
Sep '04
11214117
126--2
inifiSalb
UOia
1321a
II712
lH»8ll2l4
1771a 184
Nov'04
Oct '04
1 S4
HI Oct '04
llOi«Oct '04
108
169
109
107 14
nils....
IIOI3III
*l09ia
*96
....
....
11738....
11234 ....
132 S2....
117 ....
lo7 ....
llSSj
10715
'2
11 6^8
106
169
113
1
116^8
tl2<8
1
J'ly '99
Oct '04
11 639 llgia
Aug'04
Mar'04
106
169
.\ug'04
11213 113
106 10733
IIOI4 112=8
10934 112
114 lie's
11034 112
II414 II8I4
127=8 1301a
Sep
1
115-\Sep
112 Sep
118i4 0ct
13013 ucl
118'-4
l28Si
'04
'04
'04
'04
'04
106
169
10234 105
102=8 102=8
9013 100 '4
104''8J'ne'04
102
98
184
111
11538119
1073g Oct '04
11134 Oct '04
....
112
11118113
13213
I1713
111=8
109=8 11234
11434 117-%
10934 112*3
11738
1173f,
112'8Nov'()4
137
'a
llOif
10913 10913
9714 98 '8
97 "a Oct '04
llOHi Apr'03
110 Apr'04
11234 Sep '04
'-19'8....
112
111
illSfe
109ii J'ne'04
lieTe....
102 14
10313 107
Dec '03
Feb '04
Oct '04
1121a Oct '04
108
108
129 Apr'04
11734 Nov'04
132''a
1020g .Miiy'04
100 Oct '04
103 iNov'98
115iaNov'()4
11 "a Dec '03
10914 Oct '04
107 Mai'04
11114118
1
109 =8
10334 ....
102 la
108 "a....
107 "a ... .
II514
II414
10034
.
.
105
10434
I0418
108
103=8
llOiaOct '04
108 '4 Jan '04
lis J'ly '04
107
10413
109-'4
..
126=8 12934
,
Sale
'4
13134 13134
i3r'4
Apr'04
Sep '03
1241-2
130
124
1235a
104'4
106
107 Jan '03
101i4Sep'O4
,
941..
99 '6
90 's 101
99
108
97
J'ly '04
V*i
May '0 4
93
90
May'Ol
78,13
701-2
-
Sep
120
101
105
103^8
95 14
95
Oct '04
Jan '04
Oct '03
Sep '04
103
124
106
IOII4 10114
97
97
'114 --
no "a
103
'121'^ 130'"
Mity'04 ..
82 '8 4358
9034
Sale
10213
1(1513 105-2
II714II9I4
103
,
1041310413
lOOiall'.i'a
lO'.i
9413
95
107
-
119'4
96 »a
94
82
lUifilltJ
1
128
13134
9813
1440
98 Jiiu'04
10034 J ly '04
9u
93
96
93
90
90
661a
7934
J<278
7613
96 "a
73
101=8 105
103^8 103^8
96
95
9334 98
10413 106»4
Knilway
92
1
11 5 =8
1
9713
11934 115
JD
09 's Sale
A()
A
86
J-J
il7i4
Sale
FA
1
OlTg
Sale
U>34
9H
118
bl\
M N
la
'04
98
Oct '04
94
100
110
J'ue'04
110
J'ly '04
9913
1
Said
17
02
Sep
0!) I3
86
8714
99
P9
114
933e
9234
11734
99 'g
116
94
121
96
110
110
Oct '99
J'ue'02
99 ^ -52
99-S
99^8
Di'c '99
86
87
If.
'4
"75ii'86'«
7914
M713
Deo '97
118%
M
I
1-2
UJiallS
II914
132
Salt-
110
128
142i2F('.l)'0'J
I2
1-08
IO414
la
10834 108^4
J'ne'04
1303,
106
104
1041-.
105 la Ma.v04
105=8 Nov '03
128
UOk.
108 14 IIO13
106 107
103=8 Nov'04
104 War'i)4
114i8J'ue'04
<>nK nn«l Electric lji(tlit
.
la Sep 1)4
1121,
Atlanta G L Co Istg 5S...1947 J-D
115
19
US'* Nov'04
a Due Jan d Due Apr < Due .lUy i/Duo.<'ne /i Due J'ly ic Dtio Aug oDuo Oct
119>3 1201a
101
96
Apr '04
on Next Ta^e.
.Met St Ky—rC'ou;Rer g 482002 A-O
Lex Avcfe P F Istgu •r5s 1993 M-S
Third Ave KK con gii4s 2000 J-J
Third Ave Ky 1st g5s.. 1937 J-J
Mel \V S Kl (Clue) 1 si g 4s. 1938 F-2V
Mil El Kycfc L 30yr g 58.1920
.Minn St Rv iKi con g us. .1919 JJ
St J o Ky 1,1 II * 1> 1 »l g 58. 1 937 M N
SI IMmI ('Ity Cjib con 1: 5s. 1937 J-J
W
23
10034
120
117
M
J-J
190,
Des
biiderkTound Klec Kya of London Prolit hharin',' 5»...l!i08
Union l-.i (Cluc) 1st s; 5s.. 1945
United KKsSaii Fr«r4s.l927
United Kys St \, Ist g 48.193
Chic St 40-yr cons g 5s. 19:!i.
J'ne'OO
•
ioo";
Friday; latest price this weeK.
99
10434
10313
Apr '02
Apr '00
108
llSia.
j\I-N
N
1913 M-S
2002
M
107
0."i34
2«
Sli-fi't
A-O
99
IO6I4.-.
11234 113
107-2...
13213...
II8I4...
M-N
M-N
M-N
M-N
MN
<Xs li gen g 63 .ol919 J-J
Consol gold 5s
19;)2 M N
Des
cfc Ft D Ist 4s
1905 J-J
MISCELLANEOUS HONDS—Conliniietl
Street Kniluay
Brooklyn Rap Tr g 58
1945
ist refund conv g 43
2002
BkCily Islcon 5m. 1910, 1941
Bk y Co cfc S con gu g 68. 1941
Bklyu U'n Kl Istg 4-5s.l950
Kings Co El l8tg48
1949
Nassau Klec gu g 4»
1951
City at S Ry Halt Ist g 5s. 1922
Conn Ky <fe L Istcfc pel g4i2« '51
8334
10434
100^8 lOlia 101
96^1 Salt
961a
90 la
100=8...
10534
10834...
1093,
101 ...
102
1041310534 lU6i4
105
FA Hn
Choc Ok
1
1051-2
18
102
11 100
100 "a...
J-J
J-J
06
10434 Oct '04
103
103
108 J'ly '04
103 109»4
111 la J'ly '04
1091211113
II8I4
35 11434 I2012
119
117 la Oct '04
113 lis
107
108 k 291 100 la IO8I3
103 Apr'Ol
113
112 M»y'03
1031, 1021a Nov'04
99 13 103
9913100
98'aSep'04
9414 98 Hi
110^4
106 Si Oct '02
94
95 "a Sep '04
95 S. 95 >3
83
84
8II3 8514
84 Nov'04
8<|ia
82 la Sale
82 3eO 7413 8234
102 4 HI6
llO"! 120 J,
61
....
125
1237e
107
107 '4 107 14
23 128 13568
Iz7'al33
IIII4 114
13ri5H
9313
104
10134....
J-J
J-J
1U4'>(,1()9
Aug'04
132-'8NOT'04
114 Oct '04
921a
104
A-O 106
A-O 10939
M-N 118 U8-'i
1939 M-N 1141a 118
1992 M-S 107''8Sale
!0G-''8n2>-,
J'ne'04
921a
72
....
lo2-'8
00
lOu
114
102
103
1
Low High
I0714
135 '4
.--.
108
January
93 k;
104
102 J'ue'99
911a
106 ....
105
109
1351a Sal»
I3314
Since
or
High
Oct '04
Feb '04
Ask Low
M-N
95 la
Pac
Range
Last Sale
Incomes
110>all2'a Chic Rock Isl
105
J'ly'04
1J2
Carb
Carthage cfc Ad ;See N Y C <fc 1
Ced R la F & N ice B C R <fe ^
Cen Branch U P lstg48...194b j-i
J-J
J-J
M-N
Q-M
M-S
W
121iaMar'04
123 Aug'04
lo7
J-J
Registered
General gold 4ia8
1992
Registered
Craig VaUey Ist g 5s.... 1940 J-J
A Div Ist con g48.. 1989 J-J
1989 J-J
102 10234
2d consol g4s
Warm Spr Val 1st g 5s.. 1941
'40 M-N
Is
Istgu
Greenbrier Ry
g
Chicfe Alt RR ret g 33... 1949 A-O
3
1950
J-J
11934 11934
lien
las...
Railway Ist
IO2I4 105
1950 J-J
Registered
FA
190o
D
5s
la
Chic B & y— Ch &
1922 FA
10 1 1021a
Denver Div 4s
1949
J-J
Illinois Div3ias
1949 JJ
Registered
9514 97
1949 J-J
Ooni4s
95
95
Iowa Div sink fund 5s. .1919 A-O
96I4
A-O
1919
911a
Sinking fund 4s
834
Nebraska Extension 48.1927 M-N
6>a
M-N
1927
Registered
1921 M-S
Southwestern Div 4s
North
Joint bonds See Great
1913 M-N
Debenture 5s
Han <fe St Jos consol 6s. .1911 M-S
C1UC& E 111 1st si cur 68.1907 J-D
1934 A-O
Ist consol g 6s
1937 M-N
91 ^H 9734
General consol lsl5s
98 's 104
1937 M-N
Registered
99 10334
Chic <fe Ind C Ry 1st 5s. 1930 J-J
8714 98
Chicago & Erie See Erie
82 la 8212 Chic In & Louisv ret 63. ..1947 J-J
1947 J-J
871, 951a
Refunding gold 53
9H 100
Louisv N A & Ch Ist 68.1910
9934 9934 Chic Mil & St Paul con 78 1905
1914
9«34 99^5
Terminal gold 58
9712 97 H,
General g 48 series A..«1989
«1989
9634 97
Registered
92 >4 99',
Generalg 3ia8 series B.el989
1921
Chicfe LSuDlvgSs
112 II2I2
ChiCcfeMoRiv Div 5s. ..1920 J-J
^.1910 J-J
91 100 '8
Chio<fe Pac Div 6s
1921 J-J
1st g 5s
Chic* P
1910 JJ
Dakifc GtSogSs
1924 J-J
112»8ll2»8
Far & Sou assu g 6s
1910 J-J
109 114 14
Ha8t<fe DDivl8t7s
1910 J-J
93
93
Ist 58
1908 J-J
9734 98
I& D Exten Ist 78
1919 J-J
Lacrosse & D 1st 58
1910
Mineral Point Div 5s
1910
So Minn Div IstOs
1909
92^8 963,
SouthwestDiv 1st 68
92 14 96
Wi8& Minn Divg58.... 1921
IOOI4 10334
Mild; NolstM L 6s.. ..1910
1913
100 103
1st consol 6s
1915
97 101 14 Chic ANorthw cons 7s
1880-1920
Extension 48
871a 9234
92 12 100 "a
1886-1920
Registered
87 14 93
1987 M-N
General gold 3133
pl987 y-F
Registered
105ial05ia
Sinking tund 68. ..1879-1929
18791929 A-O
108 lOyia
Registered
II912I22
Sinking tund 6s. ..1879-1929
1879-1929 A-O
98 100
Registered
1909 M-N
100 100
Debenture 53
1 909 M-N
Registered
1921 A-O
Debenture 63
1921 A-O
Registered
1933 M-N
Sinking iund deb 5s
1933 M-N
Registered
Des Mo & Minn Ist 7s.. 1907 F-A
100
II0I4'
I2414'
127
J-J
J-J
J-J
AG
AC
105 la Mar'()4
108 Sep '04
.
J-D
MS
Mar'OO
961a
97
Am
Fridav
Nov 18
Bid
/il987 y-j
Registered
la ba
<fc
100^4
108
Dock & Imp gu 58. .1921
Le & Hud R gen gu g 53 1920
Leh & Wilks B Coal 5s. .1912
</1910
131'8 132^6
Con ext guar 4ias
1311a 134
N Y <fe Long Br gen g 4s 1941
UOI4 11134 Cent Pacific See So PacUic Co
Chas & Sav See Atl Coast Line
Ches & Ohio g 68 ser A../il908
al911
Gold 68
1939
ne do liar.
1st consol g 5s
Alabama Cent
Alleg
104\
105
104 '6 10718
100 14 IO8I4
IO6I4 108
t95VjFeb'02
tgs^i.
1900
1900
1900
1920
1924
A
class
B5s
1041210014
ol Gia,—< Contintud
Cliatt Div pnrmon g 43.1951
Mac & Nor Div 1st g 58. 1940
1947
Mid Ga<fc Atl Div 58
1940
Mobile Div let g 58
Cent ol N J gen'l gold 58. 1987
Range
Week's
Price
Low High Central
s on the ba sis ol tour inarlcs to o
92^4 1918 89
9214 Sale
9l\
Oct
961a
103 "v 159 98i<il03iti
Sep 103 Sale 103
j;97ialOO'a
y-J * 97>a
1:971a J'ly '04
of !$bto £,.
tv luse are pi ices 11 the b
State Securities
Class
Class
1
1041a I0714
106 1^ 106^4 106-\Nov'04
131 '6 Sep '04
130^2 131
l31'2Alig'04
130»a 131
1U9
Hi Oct '04
43 registered
U S 4s coupon ........ . - - - - l/.j34
Philippine islands 48.1914-i'
U S
Alabama
A'o
107 J'ne'02
lOSi^Sep'O-J
104^4
106 < 106^4 lOOSg J'ly'04
ftiyyi
192-
S 48 coupon
104V2 105
104^2 105
"iz
H
U S 33 reg small bonds. fcl 91 8 Q
bonds..
small
y
U S 3s cou
U S 4s registered
JK^iH-r
U
sic
BONDS
STOCK EXCHANGE
WEEK endeno Nov 18
N. Y.
Government
U. S.
S 28 consul registered. dl93U Q
rfl93U Q
U S28Consol coiiyou
V
U S 3s
January
Last Sale
Weekly and Yearly
I'ACJES
1
p Pue Nov (Option sale
2100
Bond Record—Continued— Page
UUNUS
STOCK EXCHANGE
Week Enuinc Nov 1
St U See Atcli T & Sa F<
•Chic
Cliio St L & N O ^ee 111 Cent
Cliic St L & Pitts Sec Penn Co
•Clue St P M & O con f>s...l'.):!(l
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<fe
j-r
reriuccrt to 3 K». \'>'Ai> J-l)
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MN
AO
Kor Wisconsin
Ist 08...1',t:i(i J.T
St Pifc S City 1st n 68...]'Jlli
'('Jlilcajro Ter Trans jf48...1!l4T I-
Chic* West
Ctiic
sen
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& W Mich
prCs
DA
Gin
Cin
C
life
I
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ptt
100
100
113 14
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Wist
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83
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111
'e
Apr "04
8t
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104>tiDec'03
113 Oct '00
n3>4 J'ly'04
99', 09
Nov'04
11114113%
97
m\
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Begi8t«rerl
1990 .VI -N
Sprdfc Col Div Ist K 43.. 1940
Val Div Ist g48... 1940
C I St L <fe C oonsbl 6s. . 1920 M-N
1st gold 4s
...fcl93ti Q.J
Regjstered
fcl936 Q-F
Cin
CI con 1st g 5s.. 1928 J-J
•<3CC<fe r consol 78
1914 J-D
Consol sink fund 78
1914 J-D
General consol gold 68 1934 J-J
Registered
1934 JJ
iBd Bl <fc
1st pre! 4s. 1940 A-0
O Inrt <fe
Isl pf 5s...(<1938 QJ
Peo<fe East Ist con 43. ..1940 A-0
Income 48
1990 Apr
WW
JJ
100",
104"^
10034
S&
.
Piftte
See
,
.
II5I4 J'ne'04
120 J'ly'03
133'a.
130
Sep
100
105
100
Sale
Sale
Feb '04
116
71
72^6 434
88
89
208
116
56
82
72 7(
90
&W
'alias
<fe
CM
MK
Waco
See
Del Lack
<fe
T
<fe Western 7s... 1907 M-S
109 >4
UorriaA Essex Ist7s...l914 M-N 126^4
Ist consol guar 78
Registered
1915 J-D
1915 J-D
Istref gu gS-^s
2000 J-D
YLackcfe
Ist 6s... 1921 J-J
Construction os
1923 FA
"Torm & improve 4a
1923 M-N
6yrBiQg<fe N Y 1st 7s. .1906 A-O
Vt^airen 1st ret gu g 3 I2S.2000
kDel & Hud Ist Pa Div 7s. 1917 M-S
Registered
1917 .MS
cAlb <fc Sus Ist con gu 78.1906 A-0
Oaar gold 6s
1906 A-0
Registered
1906
lteB8& Saratoga Ist 78.1921 M-N
Registered
1921 M-N
l>«l Rlv RR Bridge .SeePaRR
I>env<& R Grist con g48. 1936 J-J
Consol gold 4 "28
1936 J-J
Improvement gold 5s. ..1928 J-D
aioGr West Ist g48
1939 J-J
Oonsol and col trust 4s 1949
/
"Utah Cent 1st gu g 4s al917 A-O
Bio Gr So gu See Rio Gr So
Oen & S West gen s t g 5s 1929 J-D
©68 Moi & Ft D See C R <fe I p
'
130
113
102 Hj.
106
.
.
i3'7"34"
AO
Aug'Ol
149
106
104
103
140
J'ne'04
May'04
Apr '04
146''8
0ct '04
147»2J'ne'02
AO
M & Minn See Ch N W
i>oeMoi Uu Ry Ist g 58. .1917
JOet il &
See
S & M So
133^4 Mar'04
!
104 ...
102 12 103 Is
.
JOes
109Jsl]2'i8
127'^ 130
128''8l33
9'2Aug'04
127
114i2J'ly'04
11 II4
10212 Nov'04 SIO IOOI4
108'4J'ly'04
IO8I4
102 Feb '03
.
FA
•
•
101 Sale 101
1013,
109
104'4 J'ly'04
109^4 llO'b 107^4 Nov'04
99 ^^ sale
99 la 10014
893,
88 14
8912
97
Jan
24
May'04
'0
12934
1151.2
10534
109^8
Sep
110
99
85
Iron Range Ist 5s.. 1937
Registered
I937 A-O
2<1 Qs
1916 J-J
,Do.l !6o Shore & Atl g 5s.. 1937 J-J
84
114
11314.
113i4Sep'04
..
36
ggiaiio
98 100
92 >2 95 12
37
63
86^4
66 12 8634
10934 114
Nov'04
'
l-^aatot
•
:
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SeeStPM&M
Hi jsBt Ten Va & Ga
See So Ry
Kl«iQ Jol tfe East Ist g 5s. 1941
Elm Cort & Ho See Leh & N Y
Brie latest gold 48
1947
iJd ext gold 5s
1919
ajl«Etgold4'28
1923
4Ul eit golfl 58
1920
Sth OKt gold 48
1928
Aet<WQ8oi gold 7s
1920
Jst consol g tund 7s
1920
fine Ist con g 4s prior. .1996
Registered
1990
-SBtooDSol gen lion g 48. .1996
itegistereU
1990
Penn eoll tr g 48
1951
/ JBuftJN Y& Erlol8t7s..l91t
.Xia.a& 8
gold 6s
1908
,
'.
,
I
/
1
W
.
M-N
M-N
106
il-S
lUVa...
M-S
109^4
AO
J-J
J-J
J-J
J-J
FA
'
104^4
1st cur68..1913 J-J
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Ist ret" 58.1937 J-J
,;
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W
2dgol<14i28
12W
>
*
i
/
193 F-A
'e«neraJ gold 58
1940
S'eriiilnal Ist gold 5s. ..1943 M-N
Regis Jgo.OOO each. ..1943 M-N
FA
aiidRRofN
IVUki
J l8tges.l910 A-O
EalslgTig5s.l942| J-D
9934
83
'
J-l)
Imp
May'04
Sep '04
Nov'04
Aug'03
101
98i2Jau'04
Sale
>2
J-J
AO
..c£>oct<fe
91
95 Sale
127>sSaiL
«auc<fe Erie 1st gold 58. .1982
jr«U RR 1st gu g 5s....al909 A-O
JLiSSg Docic consol g 6s.. 1935
Oaal<& RR 1st cur gu 68.1922 M-N
114 J'ne'04
11334 J-iy'U4
...
111
102 -.J...
103 "2
134=8 136V 1 34 12
132'2...
130
101 ...
IOH4
J-D
121
104
133
118
113
94 14
1274
122
Vi
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122
103
132
118
,
,
1438
9534
472
127 Is
1
Apr '04
J'ly'04
113>iXov'03
08 v^ Jan '04
115 Oct "04
113«B
112
1
iir.Bg
1-2
102
102
102
07 Jfi Nov'04
117 Oct '04
Sale
107>8
llSSi
1
109 »a...
112 ...
1
27
92
88
122
Oct '04
II314
\\1\
114 114
1123811334
IO8I4III
111 114'2
103 "2 103^2
131'*136'8
no's 1093eSep'04
1144...
M-S
M-S
111
117i8 0ct '04
115
1
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98 >a 98 "i,
92
84
853i 88
88»4
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103
132
10112 10718
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123
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107>...
107
107 "t
D
1
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1
Mar'96
111
105
111
8512 87
J
10234
1U»4
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71
Oct
103
'04
101^4 104 >»
N
W
100<^ Sale
100
Gnlf<&SIlstrer<fctg58 bVdb'i. J-J
Han & St Jo Se< C B <fe Q
105<^ Sale
HockVal
111
Central Ist g 4s. .1951
i Registered
1951
Ist gold 312S
1951
Registered
1961
Eitended l8tg3»28
1961
1st gold 38 sterling
1951
CoU Trust gold 48
1952
Registered
1952
O&Tex goldti. ...1953
Registerea
1953
Cairo Bridge gold 4s
1950
I-ouisvilleDiv gold 3138.1953
Middle Divreg5s
1921
Omaha Div let g 3s
1951
St Louis Div gold 3s
1951
Registered
1951
lllnois
LN
Gold 3'28
1951
Registered
1951
Spring Div 1st g 3>2S...1951
Western Lines l.st g 4s.. 1951
Bellev&Car 1st 6s
1923
Carb & Shaw 1 st g 4s. 1932
Chic St L <fe N O g 58. ..1961
Registered
1951
Qold3'28
1951
Registered
1951
Memph Div Ist g4s... 1951
St L Sou 1st gu g 43.. ..1931
W
J-J
J-J
J-J
J-J
AO
MS
A-0
A-0
M-N
M-N
J-D
Sale
100 1«
99
loo
1041a
loei^j
46 102
11012
111
39 lOSHjlll
106'2l07i«
10014 100 •«
1011.2 2431
1
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90
105i2J'ly'04
00 "4 Apr '04
J-J
FA
IIII4
Nov'04
1 3
ll3'2Mar'00
100 '4 103 12 102 Aug'04
94 Mar'03
99 14 Oct 'OS
70 Oct '04
104 104' 103 Oct '04
103
102 Oct '01
io2'
103
104
1
100
106»4
96
108
81
J.J
FA
J-D
MS
102
101
123 May'99
85 la Oct "04
81
81
.
94i4Ang'04
101% Oct '99
100 Nov'OO
10534 NoT'04
96
9312...
1051a -.
125 1274 124 Hi
114
i02'
70
96i4NoT'04
.
J-J
J-J
J-J
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115
106
101
106i2-Vlar'03
.
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113
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Apr '04
102 »2 101
1(15 "14.
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9314
963«
8434
851a
80
86^
93
95
107 1«
124>2l24i9
105-'',
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Nov'98
Nov'03
11934 Mar'04
90
119
...
J-D 12434...
J-D 122 ...
94 ...
J-D
J-D
J-D 106 Is
118
87
93«8Mi.y'04
1193«
98 1»
04 Is Sep '04
10ii'8l04'2 103 Nov'04
102>al04i*
102 12 103
J-J
109 14 111
J-J
J-J
IO9I4....
106
.M-S
99
119
106
107 12
99 "2
122
"2....
Mar'04
Dec '02
Oct '04
Oct '04
100 >2
106
98 101
Il8«8l22
97 100»a
71
68
M-N
....
M-S 100 .... 1001.2
70 ....
M-S
68
71
J-D II4I2.... 114-38 Oct '04
M-S
86
83 14 88 Kot'04
10918 114»4
85
89
68
7SV
SeeStL&SF
Kan C & Pacific See M K & T
Kan City Sou Ist gold 38..1950 A-O
72 V, Sale
73
63
1950 A-O
Kentucky Cent See L <fe N
Keok & Des Mo See C R I & P
KnoxviUe & Ohio See So Ry
Erie<fe Wist g 5s.. 1937
2d gold 5s
1941
North Ohio 1st gug 5s. .1945
L Sho & Mich S See N Y Cent
Lehigh Val (Pa) coU g 5s. 1997
Leh Val N Y Ist gu g 4 "28.1940
Registered
1940
Leh V Ter Ry 1st gu g 58.1941
Registered
1941
Leh V Coal Co 1st gu g 53.1933
Leh * N y 1st guar g48.. 1945
Registered
1945
El C <fe N 1st g 1st pf 68. 1914
Gold guar 5s
1914
Lake
A-O
J-J
J-J
10334
116
lllia.
Ii2'4 .
9734.
MS
.MS
A-0
/il931 (j.j
J-D
107
105
116
.
Unified gold 4s
1940 J-j
Registered
1940 JColl trust gold 5s
1931 M-N
5-20-yr col tr deed g 48.1923
E H & Nash 1st g Us
1919 J-D
AO
107
Jan '04
Aug'04
109i2Oct '99
111 Sep '04
99 Aug'04
107
"a
10434 111)
la
105
116
106
116
107
92
111
99
12 ..-
10534 10634 10612 Nov'04
IOO»8l06i»
liaiallS
100
1161a Oct '04
116
118
10212 Sale
101 "a
98>a
io2ii""ib3
100 Oct '04
99 14 Oct '04
1021a Nov'04
110 J'ne'04
102
102
98
103
M-S
J.D
M-S 101
J-D II3I4
MS
110iall4ia
110 116>a
07 14 May'04
110>2NOT'04
.
J-J
II512 1201a
1
llOia.
AG
Long Dock See Erie
Long Isl'tl— 1st con g58./il931 Q.j
1938
1922
1932
Unified gold 48
1949
Debenture sold 5s
1934
Guar ref gold 48
1949
Bklyn<fc Mont l8tg68.. 1911
lst5s
191]
1 19 14 Nov'04
114
lia-^ Nov'04
Il6l2ll7'2 lie's Nov'04
A-O
& Hud R See Cent of N J AO
& WlLkesb See Cent of N J
Leroy & Caiiey Val See Mo P
Ist consol gold 48
18
II9I2I2O
M-N 107»8.
Leh
Leh
General gold 4s
Ferry gold 4 423
Gold 48
72I2
Oct '00
1
J-J
J-J
M-S
M-S
N YB<feMBlstcongosl93b A-O
II3I2 11834
N Y<fe R B 1st g5s
1927 .M-S
NorShBlst con ggu58ol932 Q-J
ibs'^ios'ii Louisiana* Ark Ist g 58. 1927 MS
I09i2ll5'2 Louisvifc Nashv gen g 6s. 1930 J-D
Gold 5s
98 102
1937 M-N
103
130
lOS'sOcf 04
1
lo7'-j
A
A
KC&MR&B
24
'04
113>4..
.
.
116
lOl
M
100 Sep '04
95 >Q Nov'04
50
63
..
9512..
56»a ..
AC
Dal<&
&
'4
I,
Mack 1st lien g 4s. 1995 J-D
Gold 4s
1995 J-D
!&©! Sou let g 4s
1951 J-D
OJiio Sou Div 1st g 4S...1941 MS
<&et«fe
Nov'04
Oct '04
J'iie'U2
Oct '04
High
Mar
Har <fe S A
Registered
-M-N
I4
Sea Airl-ine
Co Ist g 4128.1941 J-J
Uicl I'.l .fewest SeeCCC&StL
Inn Dec<&
Ist g58
1935
106 »8 108
Istguargold 58
1935
104 106
Ind 111 & la Ist g 48
1950
103 103
Iiitcfe Great Nor Ist g 6s. .1919
li2 l46Se
2d gold 58
1909
3d gold 48
1921
Iowa Central 1st gold 68.. 1938
18 96-', 1013^
Refunding g48
1951
104 '4 I04i< Jetterson RR See Erie
103 109
A & G R See L S <fe S
Kal
94 101
an & Mich See Tol & O C
83
91
K C Ft S & M See St L <fe S F
13334 137
<fc
'I'ol
al
123
106
112
101
.
101
107 ^B
,
10434
llO^s
100
9914
lom
9914
967gl02ia
no 110
31 100 !« 103
105'^4>iaV'a3
112 Mar'02
107'2!?ep'04
112 "2 Apr '02
103 "4 1033s
121
12134
lOS-i,
•10858
102
'•2
12184 Sale
11434
Sale
11534 Aug'04
I0314
101^8 J'ne'04
116i4 0ct '04
103
103
114
97
977a Sale
116
1071a 107
"a
iboi^ 104 '8
115^4 12134
S4
97 v i'i
114^211534
98 \MA\i
101 Tg 101^8
109 llGSi
115»4 Nov'04
9614 991a
llliallS'*
10838 108»8
90'4J'ly'04
106
'4
.U1SCEL,LANE<IUS UU.NU.S—Continued on Next Paae.
iitiH and Electric liight
.Bkly.'i
Gas 1st con g 5b. 1945
.iSuttalo Ga-s 1st .n .'is
1947
V
AO
•ConHolGasoonvdeb 6s
1909 J-J
OoDBUui Gas See 1' G & C Co
.Detroit City Gasgos
1923 J-J
X)«t Gas Cooon 1st g 5s...l918 F-A
KilEUUBku See K Co E Life P
ill See NYG&ELHcfeP
G LN. V Istcou g 5s. .1932
Kq G & F\iel See P G & C Co
&:<;
Una nnd
M-N 116
Sale
00
68 Vi
18712 Sale
9934
102
"a
.
.
1151a
69
187
9934
106
116
Nov'()4
188
Nov'04
J'ne'03
12 112'4ll7l4
70I4
64
434 171'8 19^34
9534 100
KIcrtric lii^ht
Lac Gas Lof St L Ist g58.el919 Q-F
Milwaukee Ga.s L Isl 4s.. 1927
Fuel Gas Co See Peoi) Gas
N V G E L H <fc P g 5s. ..1948 J-D
Purchase money g 4s. ..1949 FA
Ed El 111 1st conv g 5S..1910 MS
MN
Mm
l.st
consol gold 5s.
1995 J-J
1083s Sale
9014
,
87'a
110"4
901b
11334 Sale
9534 Sale
llSia 11334
105 12 11334
95
9578
90
964
IO414I05 10534 J'ly '04
102 >2 110
119
120'aJ'ue'04
115141201a
105 107 12 101 May'04
10012 102
100 Mar'04
100 100
10134....
10134 Aug'04
101
103
124
124 >2 Nov'04
11334 1-28
10538
10434 Nov'04
103 10434
109 sale 10834
109
24 106 >2 109 4
10734 1081-2 107
Oct '04
104 107 4
I0212
|102i2Nov'»4
101
1024
104 104 Nov'04
101 12 106
100
....
1051a
|109 Feb'bi
NY&QElL<fePl8tooug5.sl930 FA
N Ycfe Rich Gas 1st g 5s. 1921 M-N
Peo
Gas & C 2d gu g 6a.. 1904 J-D
*iaA.&. Elec Berg Co c g 5s. 1949 J-D
61 la Oct '01
1st con gold 68
1943 A-O
3i.j8..1942 F.A
t'laxXL K}i't:lr\c deb
89 14.
90i2J'ly'04
90I2
Refunding
gold 5s
88
1947 .MS
Gt li.-45><i LCo Ist g 5s. ..191;" FA
10734 Dec '00
ChG-LcfcCkolstgag5s 1937 J-J
;aiuil.v,<»u CoGaa Isf u 5s. .1949 M N
loiXt
'04
109"
109 Oct
10378
Con G Coof Ch Istgu g5s.'36 J-D
•S<Sii City (Mo) Gas Ist g 5s 1922 A-O
9934
100 Oct '04
100 100
Eq G<fcFChlstgng68.1905 J-J
lilngftO) El L<fe P g 5s. ..1937 AG 108 1«
Mil Fuel Gas Istgu g 5s. 1947 M-N
.PnTCltaee money 6b
1997 A-O 123 125 122', A«g'04
II7I9 12214 Syracuse Ligliting Ist g 68.'51 J-D
KU tJ ;a Bkn Ist con g 48 1939 J-J 96
96 14 Oct '04
93 Is 96 14 Trenton G <fe El Ist g 5s. .1949 M-8
'A'oj«-»08*rlday; latost bid a*cl aekcd thU week. aDuoJan 6 Due Feb
dDueApt «DueMar ADuoJ'ly fcDueAu* oDueOot «DueDeo .ODUonaai*
fe;
rltq
MS
IIII4.
•;
'.
.
112
NoT'OS
1
I/OW
,SVe
. .
W
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109>«Oct '04
130 J'Iy'04
130'-jAng'04
140 Oct '98
...
132S...
1
104
107
High No
l
See So Pac O.n
»al H & H of 1882 1st 5.S.1913 A-0
Georgia
Ala See Sea
Line
Qa Car & Nor See Sea Dine
Georgia Paciflc See So Ky
(iUa V G <fe Nor See So Pac C(.
Gouv & Oswegat See Y Cenl
Grand Rap& Ind See Penn RR
Gray's Pt Term See St L S
Gt Nor— CB<feQ coll tr48 1921 J J
Registered. A
1921 Q-J
Greenbrier Ry See Ches & ()
I
116
Hi
AVc Pere
St
123",
lOGHi.
104
Sxnce
Honst & Tex Cen See So Pac Co
130
128
116
72
b8
UD
it.
A Ik Low
Bid
Rang»
January
<fe
"04
115
Penn Co
Fort St
Ft Wife
Ft
il
Kov 18
C0I& H V Ist eitg48.. 1948 A-O
Houst E
W Tex See So Pac
llOiullSi,
99
99
95 100^4
70
7112 126 58
71 12
112'2Feb'04
112Hill2ii
"7\"4Sale
lint&PereM
•
Ch
ousatonic See N Y N H & H
Ist consol g 4 "28. 1999 J. J
Registered
1999 j. J
105
103
104'aKov'Oi
98
Col Midland 1st g 48
1947 J-J
Colorado & Son let g 4s... 1929 FA
Colam & Greenv Scs So lir
Col & Hock Val See Hock Val
Col Conn & Term SeeH
CoQn<& Pas RiV8 1st g 4s. 1943 A-0
<fe St P
Jiak <fe Gt So See
99
94>2Aug'03
105 Jan '04
100 Nov'04
.
asu
ClLor<fe Whcon 1st g 53.193 A O
Ciev<fe Marietta 6e«Penn RR
ClevA Mahon Val g 5s. ..1938 J-J
Ct^v &
'04
Dec '02
113
125
W
W
•
Oct
100
102
MS
6ee
FlaC&Penin
/
^
.vc«
W4
So
<fe
Ist k68.... 1921 J
W& DenC
RloGr l8tg48...1928 J
C C C & St I.
Ctn S & C Se? C C C St L
Clearllelil <fe Mali See B K <& P
Clev Cin C <fe St L pen s 48 1998 J-D 103 Sale 103
103 H. 34 9508l03>2
Cairo Oiv Ist rol(t4s....l93!' J -J lOOiilOlS; 100 J'ly'iM
9934IOII4
Oln
M DivlstK 48.1991 J-J 99
9Hi8J'ly'04
98
98 «
•8t L Dlv 1st col rr k 48.. 1990 .M-N
102 101-.^ Sep '04
993^ 103
I
L'argo
',
Week't
Range or
Last Sale
Friday
1
120 123 >-i
721* 84
110 IIII4
84
Price
n. y.
January
129», Mar()4
123'8 123 '8
....
113'4 ....
O
.\
Range
[Vol. Lrsix.
2
stock exchange
Week Enuino Nov 18
^1.
Hid
Aik Lo^e
High No Lov! Uxgk Krle & Pitt« See Penn Co
livimsife T H Ist cons 68.1921 J-J
let general gold Ss
1942 A O
136t|
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135 H, 33 isomssH
Mt Vernon Ist gold 68.. 1923 A-O
9'i
....
93 Dec '03
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I31V,....
132 "8 l:i2't
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Price
fVidav
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4
j
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9
I
Nov.
I
—
.
Bond Record
19, 1904.1
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Jfc
KOlrt 4^28... 1931
Lex
l8t gold 6s.. ..19.^0
NO&M
193
NO&M2<1ffol<l
13()ia
J-J
J.
fis
124
119
108
Fladfc a Istgug5s...l93(
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N Ala con gn g 58..193(i
&
S
1910
Sink fund gold 68
BdgeCogug4s 1945
Jett
L<fe
N
Mahon
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101»8
107^2
96 "u Sale
115
113
115
F-A
F-A
F-A
A-O
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60
105H2107H2
97
89
117'^
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113
Jan
'04
115
116
115
117
J'ly'04
112
110
Mar'03
9b»8 Oct '04
98 "a
117 Hi
115
117
AG
105
105%
108^8
OS's
10378
10834
1
91H» 99
105%
Dec '02
101 Hi 107 >4
10B34
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15
75
25
85
60
84ii
17
66
12
6
94 Hi Sale
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94 Hi
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17Hi
96
91
90»8J'ly'01
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140 ...
112\...
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gu 1926
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M
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Sfl990
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1944
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...2001
4s.
ret
g
St L DiV 1st
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Kan C & Pac Ist g 43. ..1990
Mo K <fe l!< 1st gug 58... 1942
Mo Kan
M K<feTofTl8tgUg58.1942
1st gu 5s. 1943
g
Sher Sh & So
1906
Missouri Pacific 3d78
1920
ist consol gold 6s
ol917
stamped.
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al917
Registered
1920
Istcoll gold 68
Cent Br Ry Ist gn g 48.1919
Bivcfe(i
103
98
86^3
FA
J-D
M-N
M-N
M-b
M-S
F-A
FA
F-A
J-J
A-O
A-O
J-J
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FA
111 113
I2OH2I2OH2
21
113
95
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N Y Har See N Y C Hud
N Y Lack & W See D L & W
N Y L E W See Erie
N Y & Long Br See Cent of N J
NY&NE SeeNYNH&H
New York New Hav & Hart—
Housatonlc R con g 5s.. 1937 M-N
N H & Derby con g 5s. .1918 M-N
M
97Hj 99>4
Nov'Ol
H
NY*
N Y & R B See Long IslauUd
N Y S & W See Erie
Tex & M See So Pac Co
J-J
J-J
J-J
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113H2.
119Hj.
117
115
123 Hi 128»a
116
115
113 Dec '99
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113HjJ'ne'04
.
113
113Hill3Hi
113 113
104
81
102'4 Ang'04
.
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Sale
81
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100
73
103H2
81 >9
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—
1921
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tr
ser
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1932
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112'b
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100%
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100»8
101 Ang'04
100%
9r,34
98
100
101 »4
100 H»
101
Cleart Bit Coal Ists 148.1940 J-J
'
95
89'a
Apr '02
1942 J-D
MISCEM^NEOUS
I
M-Nl 106 14
F A 102%
F A "83" 95
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ffrlday;
,
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Oct '04
122
J'ly '04
121
121
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105
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97
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107
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101 Mar'04
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112
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116
112
112 Hi 111
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Oct '04
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J'ly '03
118
68%
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70'«
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96 Hi Ang'04
94 Aug'04
118i« 118 Nov'04
loo's
92
95134
101 Hi I "'^1»
101 lt)4«,
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112%...
108
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,
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Sep 04
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102 Dec '03
104 14 Oct '04
80
79 H>
32 Jau '00
laiMt bid and aakMlUiU week,
Am
a
Due Jan
Telep
&
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107 Hi
Conim Cable Co
102 14
91
83
107 7g
102 Hi
Erie
Feb '02
105 Oct '00
96
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96I9
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94
Jan '04
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121
119
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1121,
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Mar'04
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1 1
loir-j
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103 >4 Sale
102%
110>«
108
lO'aAng'04
110 Aug'04
104 •2 Oct '04
93 Hi Sep '04
127% Oct '02
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121
119
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f
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92
U4
90
94 J'ne^Vt
100 Hi Apr '02
109 Oct '99
1929 J-J
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T A T col tr g s f 5s.. 1926
191 M-N
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9134
102
120
102
11214
A-O 120 124
g 4s. 1923 M-N 103%
1905 J-J
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1919
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1943 M-N
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1912 M N
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lis
1
/il912
3d 78
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FA
1949
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1912 J-J
Hi
106*4 108 >a
Hi
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1942 A-O 112
Series B guar
1942 M-N 10134
Series C guar
1945 M-N 102
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Series
Pitts Ft
110%
108
Nov'9S
92i4Dec'03
97 Hi Nov'04
lis Oct '04
103 14 Aug'03
114H>
113Hi
95
107
Nov'04
102
9214.
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10534 J'ne'04
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55 Nov'OO
105
107Hi Oct '04
102 Vt 12 95 14
102
B 69
91
91
83 832 09 Hi
81
107% 10734 76 106%
02 Hi
102 Hi J'ly'04
107 May'97
'0;i
Oct
1 02 Hi
J
Kan A H C & C l»t 8 1 g 58. 1 9 :> 1 J J
Plea« Val Coal let g » f 5s. 1928 J J
Tenn Coal gen 58
i961 J -J
Tenn Div Ist g 68
ol917 A
Blnn Div Ist consol 68. .1917 J J
Cah C M Co Ist gu g 68.1922
D
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E
139
129
120
110
122
Tclem'aph and Telephone
J
J
19211 J
.18.1949
194'.
1948
1950
Erie<fc Pitts gug 3 His B.1940
1940
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"'i
*No price
iciMk'
Nov'03
Jan>03
121
I2OH1
132Hi
<fc
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-
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Ool Fuel Co gen gold 6s... 191
Col F <& 1 Co gen s g 5s.. 1943
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1911
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Contin'tal C 1 st s f gu 58 g. 1952
Gr Riv Coal & C l8lg68..1919
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JD
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1946 J-D
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ac of Missouri See Mo Pac
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99 Dec '02
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99Hil01i8
9934 May'04
1906 M-N 100 ig
Debt certs ext g 48
9834
1905
99HiNov'02
M-N
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78 86
91 Sale
90 Hi
91
Lake Shore coUg 3'a8...1998 FA
86
91 Hi
89%NoT'04
89>4 91
1998 FA
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91^4
89 >8 8934 89 Hi Oct '04
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91 Jan '03
1 998 FA
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ioi' ibe
Beech Creek Ist gug 4s. 1936 J-J IOOObIOS 10518 J'ly '04
102 102
102 Mar'04
ion's
1 936 J-J
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1936 J-J 108 "4
2d gu gold 68
3*^8
61951
A-O
91
Cr
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Istg
Beech
Hi
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1"'^
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Oswego <fc Rome See N Y C
1997 J-J
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m
98 100%,,
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gold 58
•
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n
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See
New & Cin Bdge See Penu Co
NO<feN E prior lien g 68 pl915 A-O
Y Bkln & Man Bch See L I
N YCenlcfe H Kiv g 3i28.1997 J-J
2(1
lr5Hi
100% Oct '04
100% lOO'e 276
114 Feb '02
^1992 M-S
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FA
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Gouv&Oswe Istgu g5s
1905 J-J
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1928
l8t consol gold 58
H
NE
W
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1917
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N«8h Flor & Shet See L <fe N
lien
4^28.1926
prior
Natof Mex
1951
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N
Y
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<fe
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i;ifi34 l»'.»>s
<fe
lat68
118
98
102
86»s
103 Hi
87
Sale
87
Sale
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M
Mont Cent See 81 P M
Co
S
P
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T
Morgan's La
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FA
g58...el915
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Utlca& Blk:Rlvgug4s.l922 J-J
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1937 A-O
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WW
Divl8tg48..1933 M-N
NJJuucRR
.A-O
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1
A-O
.M-S
1933 M N
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l8t g 58.1926 Wl-S
Verdi V I <fc
Mob <fc Birm prior lien g 68 1945 J-J
1945 J-J
Mortgage gold 48
Mob J & K ClslCon8g58.1vi53 J-J
1927 J-D
gold
68..
Mob <fe Ohio new
l8t extension gold 68..ftl927 Q-J
1938 M-S
Oeneral gold 48
Montgom Div Ist g 68. .1947
48..«1930
Q-F
eoU
g
St L. cb Cairo
1931 J-J
Guaranteed g4s
Southern
See
& O coll 48
TAP
J-D
M-N
M-N
A-O
103 339 96H2IO3
NY
1941 M-N
44 75Hj 87
87
Nor <fe South Ist g5s
1931 M-N
119
107
Norl<fc West gen g 68
106
98Hil07
9 80
Improvem't <fe extg6s..l934 F-A
83
88
87 »4
1932 A-O
Ist
68
River
New
g
102 105 Hi
105HjNot'04
I0214
95
95
N & Ry l8t con g 48.1996 A-O
94 Hj
95 Sale
199(5 A-O
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1093^ NoT'04
no
IO6H2II2H2
71
Pocah C & C )oint48..1941 J.D
99 110
109 Sale I0710 110
1922 J.J
CC&Tl8tgng5s
100
106 Nov'04
106
105Hj
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10r,«8l09Hi
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N
Chi
&
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See
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I2OI4
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121 ...
118%122H2
104 109 >4 North Ohio See L Erie <fe
107 107 H. IO6H1 107 Hi
J
Nor Pac— Prior lien g 4s.. 1997
1997
J
Begistered
10334 109
109 Sale 10834 109
o2047
Q-F
lien
goldSs
General
95 Hi
95 Hi
96
96
a2047 Q-F
Registered
100 May'Ol
101(^
1996 J-D
St Paul-Dul Div g 48
101 103i«
102
102HjAug'04
1996 J-D
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116
IO9H2II6
116 ue^ 116
116i«
Gt
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See
CB&ycolltr48
111%118
iio'siieHi 11579
1923
St P <& N P gen g 6s
116 10934 Oct '03
96I4
certifio's..l923
Registered
406
96^4
84
94 Hj
96 Sale
1931
St Paul & Dul l8t 58
97 687 91
97
94 S
96<^3ale
1917 A-O
2d 5s
1968 J-D
1st consol gold 48
100
1948 Q-M
Cent
1st
Wash
g48
lllHjlll>a
lUH2Mar'04
112>a
Nor PacTerCo Ist g 68. .1933 J-J
91
96
95
95 Nov'04
Pac
So
Cai
See
Ry
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<fe O
l'J334 128S Nor Wis See C St P
128<^130Hi 128»8Nov'04
Nor <fc Mont See N Y Cent
121 130
122 .... 121 Apr "04
See C C C <fe St L
&
9690
96 >4
961*
97
hio River RR Ist g 53.1936
113Hill6»»
US'*.... 11434 Sep '04
1937 A-O
General gold 53
88 Hi 101
92 .... 101 Nor'04
Ore & Cal See So Pac Co
lOi
98H»Nov'03
103
J-D
F-A
M-N
A-O
M-N
ref gold 48. .1929
<fc
Dec '03
98HjNov'04
99 >i!
9834
J-J
J-J
J-J
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2d extended gold 5s. ..1938
St h Tr M& Sgen con g 5sl931
Gen con stamp gtdg5sl931
142
113 Oct '04
120iaFeb*04
11534 ...
Jan '02
121
113H2...
116 II6H2 117 Oct '04
97>4
97
97 ...
Leroy&C VA LlstgSs 1926 J-J
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lstg3v>s
Bat C&Sturl8tgug3s.l989
N Y <fe Harlem g 3 His... 2000
2000
liegistered
N Y & North Ist g 5s. ..1927
R W€feOconlstext5s.ftl922
ib'pi^
<fc
1st gold 78.. 1927
1909
Iowa Ex 1st gold 78
Pacific Ex Istgold 68. ..1921 A-O
South West Ex Ist g 7s. 1910 J D
1934 M-N
Ist consol gold 58
Istand refunil gold 48..194it M-S
R
&N
B
C
See
Minn <fe St L gu
St
Ist g 3Hi8
<fc
MULScfeW SeeChic&NM
NW
Mil & Mad See Chic
Mil & North See Ch M & St P
<fe
L&§
00 'k Sale
IO4I4
109
loSi^
108V,
IOII4 Nov'04
tfe
Mich Cent See N Y Cent
Mid of N J See Erie
Minn
J
III, /It.
123
MS
MS
RW&OTR
FA
MS
M-S
1977
1910 J-D
Stamped guaranteed
75
25
A-O
AG
1
1931
1931 Q-M
1940 J-J
1940 J-J
1951 M-S
1952 M-N
Registered
Rale
2438 Sale
17 Sale
75
J-J
J'ly
J-ly
99%
FA
Low
107 Hi J'ly '00
105 Oct "02
105 Hi Nov'Ol
10118
J-D
J-D
M-S
McK&Y Istgu 68.1932
48
NY
Cent
Se?
Metropolitan El See Man Ry
Mex Cent consol gold 4s. .1911
Ist consol income g 3s.al939
2d consol income g38..ol939
1917
Equip <fc coll gold 5s
1919
2d series gold 5s
Coll tr sr 4'2S 1st Ser....l907
48.1977
con
g
Mex Internat 1st
McK'pt&BV
J-J
sinr.f
Janvtir,! 2
0505
High
Ask Low
104
101 .....
loo .'...
109 Sale
108 Hi 109 14
J.J
1934 J-J
2d guar 6s
McKee8<feBV18tg6sl918 J-J
Mich Cent Ist con8or68.1909
Pitts
Range or
Last Sale
10434
KaA<feGRlstgue5s.l938 J-J
Mahon C'l KR 1st 5s. .1934 J-J
Registered
1990 A-O
Rotrlstered
19U« J-J
Metropol El Ist g 68
Coloniz g 58. ...1934 J-D
Man S
Mex North
97>4l01<>8
116
10734
2361
Registered
1997
Lake Shore gold 3 His
1997
Registered
1928
Debenture g 48
1st
78.1906
Tol
&
Det Mou
Friday
Nov IS
Bid
Mont Istgu g
West Shore Ist 4s gu... 2361 J-J
5a
anhattan Ryconsol48.199()
W
75 J'ne'02
113 Nov'99
101'>6Nov'O4
107 Hi Oct '04
9534
97
hilmie
Week^s
Frice
Nor<fe
122
119
L,
Seehh& MS
Coal
Hj
BOM>!S
1993 A-O
N Y<fePul8tcongug4s
53.1916 A-O
116% Mar' 02
122 Apr '04
IUSj
M
See
High.
l()6''8Nov'04
130 "-^ Oct '04
122^4 Aug'03
100
PensacolaDiv gold 68.. .19^1) Nl-S
1921 M-S
StLDivlst?old68
19H(i M-S
2d gold 33
Hender Bd?e 1st sfpbs. 1931 M-S
J-J
.19S
4s.
gold
Cent
Kentucky
8t g 4 V2H 1 94 5 M-S
L* -V cfe M <fe M 1joint
J J
48.1952
N-South
Lcfe
1^^2 J-J
Beglsterert
L N A & Ch
Ask tow
Bid
M-N
::>i91
N. y.
Since
Last Sale
*1
3
STOCK EXCHANGE
January
WEEK ENDING NOV 18
No Low High N Y Cent & H R (Continiied)
Moh & Mai Ist gu g 4s.. 1991 M-S
106<%105'^
N J June R gnlst48...19Si; FA
123V»130H,
Range or
fYidav
Nov 18
—Continued—Page
Hanye
Week's
Price
STOCK EXCHAKaE
Week Ending Nov 18
N. y.
J
09^
iVo"4!!"!! 111934 J'no'04
105 V« J'ly '03
104Hi
10934
11114112
1I0'« Nov'04
ill's" llV'^i
104 Hi Sale
10714
10234
104 Hi ]04''i
107 J'ne04
103 J'ly '04
loiHili>6>a
li'T
107
lOO 103^
1
Industrial
1916 Q F
Am Cot Oil ext 4Hj8
Am Hide A L Ist si g68..1919 M-S
Am Spirits Mfg 1st g68..1915 MS
AmTliread 1 si ool tr 4s. ..1919 J-J
ibo'viib'rii^ Am Tobacco (new) 68 1'Y Co ctto
4 B .M orton Truat Co ctt«
60HI 80H1
Bar A S Car Co Ist g 6S...1942 J-J
6 Due Feb •DaeJdaf ^DueJ'n* A Duo J ly
95
100
i
(•519 Sail)
96
88
110
87
Hi
Bale
697) Sale
p Dae Nov
00
88
Oct '04
96
70
82
963,
96
03 4
86 Nov'Ol
no
«
95^1
95
74
lllHi 18V7 106
70 '1
69 Hi
106 Jan '00
1I»0
4884
Option s«l^
--H
'4 1
63%
1 Hi
7t(7^
1
—
N
1
7
;
2n>i
Bond EeCOrQ
BONUiS
Prie«
/•Yidav
STOCK EXCHANGE
Wbbk KNDiN-a Nov 18
I'eiin KH (CojitinueU)
Alleg VaJ Kcu ku k4.s...1942 M-S
CI A Mar Ist ru K4'2H..19a5 M-N
U UKU<ft BKel8tKn4sK.'3t) K-A
a. Y.
Htd
104
tensacola
&
~e<) &
&
L
All Nee
nee C C C
Pek Vn lat g tis
gol(14Hjs
2il
Pero
liast
Mnrq— 01i<fc
<fc
&
High
Ac/
Nov'97
102
107''8
'04
10778
110 >a Sep
'04
Nasli
St 1
120Vj...
61921
953^
W M 58 19'J1
J-D
Jliiitifc P.M KtHi
1920 A.O
Istoonsol gold 58
1939 M-N
Pt Huron Dir 1st g 5.S.1939 A.O
Sair Tus <fc H 1 st mi g 4m 1 93
i'-A
120'-<
101
109
...
108'u...
120^2
J'ly'U4
Ai>r'02
rjOL.Oct '01
Ul ... 111 Nov'04
112^111334 112'4 0ct '04
120*1,121'...
a&
U9'4Apr'04
126^1.
107^8 1077(
1
i!s"i22"
10734 1111,
109 14 112=6
A-0
Pitts McKees <fe Y HeeN Y Ceu
Pitts Sh<fe L, K I8tg5s...l940 A-O
Istoonsol gold 58
1943 J.J
Pitts
West See B O
Pitts Y
AsU 1st con 58.1927 -M-N
&
Reading Co geu g 48
1997
Kegistered
1997
Jersey Cent coll g 4s. ..1951
jBeusselaer tk Sar See D & H
iRicii <fc Dan See South Ry
Rich €& Meek see Southern
Rio Gr West See Den & Rio Gr
'Hio Gr June 1st gu g 58... 1939
Bio gr So 1st gold 4s
1940
Guaranteed
1940
Roch &
Pitts
See
Rome Wat & Og
;
BR
See
<fc
116>*.
I14>tjSep'04
98 J'ly'97
114i2ll7'ii
112H,....
117'-jOct'04
10238 Sale 102
102 12
loo's 100 Nov04
971,...
9738
96Hi
114Hn7H,
11«>
&
&
J-J
'
.
J-D
IIII2II6
J-J ,*66
70
J.J
1912
1943
1994
Registered
1994
Mob <fe Ohio coll trg 4s.. 1938
Mem Div 1st g 4H2-58... 1996
St Louis div 1st g 4s
1951
9458 10212
100
98
9138
9713
lll>2J'ly'04
68 J'ne'04
87>2Sep'04
110 12 111 Hi
631.^ 68
87 Hi 87 H
N Y Cent
Rutland 1st con g 4ias
1941 J-J
Rut^Canadlstgug48...1949 J-J
Tus
&
H
See
Pere
Marq
Sag
t Jo & Gr Isl Ist g 4s.. .1947 J-J
StLaw<& Adiron l8tg58.199tj J-J
2d gold 6s
1996 A-O
103
10334 May'04
lOli^Nov'Ol
93^.
934
93hi
10334 104
84
93 Hi
S
M
M-N
il-N
J-J
J-J
St Life S F KRoonsg4s..'96 J-J
Southw Div Istg5s..l947 A-O
Refunding g 4s
1951 J-J
J-D
M-N
A-O
R&B ist gu 58. 1929 A-O
5-year gold notes 4 '•2..190
K C Ft S<fc M con g 68. .1928
K C Ft S & M Ry ret g 4s 1930
K C di M
St Louis So <S'ee Illinois Cent
St L S
1st g 4s bd cti:s.l989 M-N
2dg4s inc bondetts...f»1989 J-J
Consul gold 4s
1932 J-D
Gray's PtTer 1st gug 58 194
8t Paul <fe Dul See Nor Pacific
W
,
.
etPaulM & Man
.
,
2d 6s... 1909
Istoonsol gold 6s
1933
Registered
1933
Reduced to gold 4^28. .1933
Registered.
1933
Dakota ext gold Os
,.1910
Mont ext 1st gold 4s
1937
Registered
1937
E Minn 1st div 1st g 58.. 1908
Nor Div 1st gold 4s
1948
Minn Union 1st g 6s
1922
MonlC 1st gug 6s
1937
193^
Registered
1st guar gold 5s
1937
Will<fc S F 1st gold 5s. .193b
JD
AO
J.J
J-J
J-J
J.J
M-N
J.D
J-D
A-O
A-O
J-J
J-J
J-J
J-J
J-D
St P <te Nor Pao <i>ee JSJor Pac
St P di S'x City See C St P
<feO
Salt Lake C 1st g s t 6s. ..1913 J-J
M
SFePres* Ph Istg5s...l942
S A & A P See So Pac Co
F N P 1st sink i g 6s. 1919
Sav F & West See AU Coast L
iScioto Val
N K See Nor & \V
,S
cfc
J-J
Seaboaril Air Line g 4s ...195u A-O
Coll tr letund g 5s
1911 .VICar Cent 1st con g4s...l94li J-J
Ifla Ceh <fc Pen ist g Os.lOl^ J-J
Ist land gr ext g 5s... 1930 J-J
;
.
,
Cousolgoldos
1943 J-J
Gacfe AlaKy lslcon5s(>l945 J-J
GaCar & No lstgug5s 1929 J-J
iSeab & Roa 1st 5s
1926 J-J
iSher Slir & So See
K <fc T
Sii Sp Uea
G See Atl Coast L
Sod Bay <& So 1st g 5s
1924 J-J
bo Car & Ga See Soutliern
M
&
SoPac Co— CoU
g4'23..1905
Golil4s(CeutPaccoU).A;1949
Registered
fcl949
N 1st gugos.... 1941
Cent Pac 1st ret gu g 48 1949
Registered
1949
Mori guar gold 3I2.S..AI929
Gal liar <fc S A 1st g 6s. .1910
2d gold 78
1905
Me.\<& Paclstgos
1931
Gila VGiSiN Islgugos. 1924
Hous E &
T 1st K 68.1933
1st jiuar 5s re<i
1933
A&
'
,
.
'
tr
W
W
lOei^Ocf 04
103 »8...
103''6J'ne'04
12618 132 12 126 Sep '04
J-D
J-L
-L
J-J
J
F-A
F-A
J -L
F-A
J-L
W-N
M-N
M-N
M-N
DistUSeoCorcouv
I
Distill of
Isi
Amer coll trg
J-J
J-J
J-J
5s. '27 A-O
OS. 1911 J-J
g
6ee
in
L& N
Nor 1st g 68. 1939 J
.
j
W
M
'v!
.
M
.
N
109'
110
Jan '04
105
11334
Dec '01
Utah
110
110
1-2
"2
<fc
North 6ee Uu
J-J
Low
9.-»s
129 W, 130 Si
121 122 Hi
113»2
113Hi
90
11834 Sale
1167e
99
1177e
96
89 Hi 91
92
116^^
..
.
11114001 '04
12334 Nov'Oi
125 Sep '04
118 Oct '04
112 H) Sep '04
87 Hi J'ly '04
I07I4 Nov'04
123 la 125
124 ...
11714120
110=8
88 ....
107H2.
114H2
108
.
nSHi
.
IIII4.
112
"
.
123
109
115
117
IIOI2
93
117
90
II6H1
1213^
109 112
11 8*4 12334
120 125
114 118
112 112Hi
87
87
lOSHilloHj
-.^
109
94
S'O
90=,
82
Sale
96 '4
113
II2H1II7
J'ly '00
Sep '02
110
110
H214IISI8
98
110
lOtiSi
100
115
80
108
102
122
98
112i«
11014
101 106 Si
II2I4II5
111 111
103 Hi 10734
91
96
93
86
81
90%
68
82 Si
95I4
94
loemi.-i
se)) '04
May'04
Sep '04
Oct '04
93
90
81
82
95i4Sep'04
113
Hi Oct '04
...
113
93
106
.
110
110 117
110 Hi 112 Hi
12114 Sale 121
I2II4
97
94 Hi
98
IIOI2..
109 Hi Aug'04
IU6I4IO714 106 Hi Nov'04
.
97Hi
118
112i8J'ly'04
95
93
110
90
1007gic2io 101 Hi Nov'04
109Hi
11834
118
113
17 117
:
114
111
107
96
93
103
109
103
115 117Si
91 >» 96 Si
110 May'04
118 Oct '04
1001' 10Ui2Nov'04
114
110
119
llui«
10834
114 115Si
93 Si 99 Hi
Dec '03
122Hi.
loo
112
119
107
108
9234
May'04
11534 Sep '04
iit49i
114HilUH»
Fell '02
Oct '04
Jan '03
Oct '04
115%.
104 Hi
"
101
109
103
11834 320 111
Feb'04
108
18 M»y'04
116 Hi Oct '04
121
121
Sale
11236...
10938
118I4
i()2
110
96 14
963,
115 Hi Oct '04
99
99 Si
117H!Apr'04
96 Hi Oct "04
90 Sep '04
97
109«.
112 Hi 115 14
119 Feb '04
107 Hi 1071-1
108 Sep '04
103 Oct '04
103 Sep '04
103 Jan '04
....
90\
76
105
105»4 II034
10036 102
Oct '04
114HlApr'04
lOlSg
110
IO6H2
91
iim" ibVt"
36;
113
114
107
109 14
116
121
104 H 107
Jan
8938
Jlifih
110 113»4
112 113
90 H> 96
Feb 'O^i
Nov'04
Nov'04
9134 9478
IO6I4 Sale
1061" 180 100=4 106 Si
'103 1.J 10435 104HiOct '04
10038 104 Sj
114 bale 1113^ 1153^ 996 94Sil]538
109=8 Nov'04
9634 110
i03"' 104" 103 Si
104^4 99 9SS1IO4I4
125
18
12034
1255,
.Sale
l04i4Sale
II01..Z
104
1.J
,
125
11818
126 14
120141251-.,
12034
Ill
8::
104
1041-. 924
112 Dec
114 Hi Apr
12034
9034 104 Si
Pacitic
& Black R See N V Cent
Val Ind & W See Mo P
Ver
irginia Mid
Utica
See South Ry
Southw'l 1st gu 58.2003 J.J
abash
lat
gold
58
1939 M-N
85I4 Sale
8434
85 14
85 1<
2d gold 5s
1939 F-A
102
IO2I4
1023.
104
Debenture series A
1939 J-J
97
92 14 Aug'04
93
Series B
1939 J-j
1051^
100 Sep 00
1st Hen equip s fdg 5s..l921 M-S
100
Det&Ch Ext 1st g 68.. 1941 J-J
I06U
10434 J'ly '04
10434 10434
DesMoin Div Ist g 48. .1939 J-J
1121.2 Sale 112
1121..
102
II212
Om Div Ist g 312S
1941 A-O
11034
11034 Nov'04
105 H2 11034
Tol & Ch Div l8t g 4s. ..1941 M.S
11034
llli4May'03
St Clias Bridge lat g 6s. 1908 A-O
Warren See Del Lac & West
Wash Cent See Nor Pac
102 Hj
102 Jan '03
Wash O &
iS'ee Southern
West Maryland lat g 4s... 1952 A.O
102^4 Sale IO2I4 10214
7 977el02i4 WestN Y<fc Pa lat g 5s. .1937 j.j
9613 531?
95i.i
9612 334 87 Hi 96 H2
Gen gold 3-4s
1943 A.O
94 12 Aug'04
8534 94 Hz
Income 5a
rfl943 Nov
iio"
ll:;OeOet '04
97 113^ West No Car 6'ee South Ry
101 7^ Sole 101 Si 102
76 97 14 10218
VaCent& P Isig6s..l911 J.j
99 14 Mar'03
Wlieel'gifc L E Ist g 5s. ..1926 A-O
"84" 'S8'"!4
88 '4 Sale
88^4
b8^4
Wheel Div 1st gold 5s.. 1928 J.J
IO9I4III 109 Oct '04
107 IO910
Exten & Imp gold 5s... 1930 F-A
103 105 14 103 Sep '04
IOOHj 10334
20.year equip s f 08
1922 J-J
IIOI2II3 110 Nov'04
lOoSgll^'s
lat consol 4s
1949 M-S
110 Oct '04
II11I4 Wilkes & East see Erie
105
104
10Ti4Oct '04
IO6I4IO714 Wil & Sioux F See St P
<fe M
10315.
'1031.^ J'ly '04
103 12 103 Hi Wis Cent 50-yr l.st ireu 4s.l'j4i) j. j
<fe
W
,
107
.
107 Nov'04
1173^1181^ 1173& 118
11014
111
95 J'ly '04
69 14 Sale
67
70\,
102 Jan '04
112 Hi 115 112
112
96Hi
97
84 '85'" S3=8Ang'04
95
95 Nov'04
IOOI4
109HjMar'o:;
100 Hi 107
114Hill9
110
10rii4l]]
94
66
102
95
70I4
102
IO6I4II2
90
97
7979
83=8
96
96
W
,
8878
118=8
Salt-
'.'.'.'.'..
W
1.J
88 Hi
89
84
115
93
118>2 118>..
9514 Nov'04
40 jUar'Ol
96 V,
89 Si
11812
9638
11178
112 Sep -04
11234 Vii" 112 •'8 Nov'04
1KI14
1 10 14 .May'04
109 Hi
lo9 Apr '04
»2 Hi bale
111 112
10914114
IIOI4IIOI4
109 109
lOoio Aug'04
100 103
93 203 86
911.J
93
M
9278 Sale
62U 88 Hi 93
93
BONUS—Concludcil.
i>ii8ceilnneou8
81i4Sale
7614 Sale
97Si
93Si
83I4
80Hi
79 Nov'O-i
76
99
99
92
109 Si
202o|
76 7^ 506
Sep
'03
'99
53»4
5734
83 14 Adams Ex
79
61 Si 767,
col tr
Am Dk & Imp 58
AmSSCoof
g4s
1948 M-S
NJ
W Vag 5sCent1920
M-N
See
B'kl'n FerryCo lat cona g 68 '48 F.A
Chic Jc
St Yard col g 5s. 1915 J-J
Del
<&
Id gr incomes. .1911
Hoboken
I gold 5s. ..1910 M-N
103
Si
101
103
A-O
92 Si
F-A 108 S; 109
Jan
100
103 Hi
IOC
Si
10034 J'no'02
62
C3
62 Nov'04
&
100
10734 N0VO4
Feb'04
92
92
M M
79
80
Nov'04
105% 109 Si
L&
J-J 103
103 14 Nov'04
97 103 Si Mad Sq Garden Isl g 5s. .1919 M-N
A-O
97 Si Oct '04
97Hi 971-2 Man Bch II<fc L gen g 48.. 1940 M-N
50 Feb '02
iofiiioi'i^ 102 Si 102 Si
6 923» 102 S2 Newp No Ship & D D5sril990 J-J
NalSUrchMfgColstg6sl920M-N 87
90
90 Sep '04
87
9OS1 N Y Dock 50-yr 1st g 48. .1951 F-A
^2
9234 ""923J
Nai Starch Co s 1 deb 63. .1926 J-J
73
76
73
76
17 63
76
StJosephStkYd8l3t4Sis.l930 J-J
Stan Rope & T lat g 68. ..1946 F-A
52 Sale
42
52
25 35
62
St L Ter Cupples Stat'n * Prop
Income gold 58
1946
814 Sale
4
8=8 551
8=8
IHi
Co l8tg4Si8 5-20 year.. 1917 J-D
U S LealhCo8tdebK6a..l913
llOSi
110 Sj 110 Si
4 10734 113Si S Yuba Wat Co con g 68..1923 J-J
112 J'ly '04
US Jicaltyifc Ioonvdebg5a'24 M-N
J.J
93 Si Sale
91
94 386 80
94
Sp
Val Wat Works 1st 68. 1906 M-S
ii3H!J'iy'oo
93Hi..
'U S steel Corpcoltr2d5s.d'63 M-N
89 Si -Sale
87=8
89=4 5:122 6834 89% U S Red & Ref 1st s I g 6s. 1931
75 Si Oct '04
Registered
April 1963 M-N
8334 Sale
88
89
6 6834 89
|Noprice Friday; Utest bid and wked. aDueJan
6DaeFeb c Due Mar d Due Apr ADueJ'ly fc Due Aug o Due Oct p Due N ov 9 Dae Deo
111 Steel Co deb 68
1910
Non-conv deben 58
1913
Int Paper Co 1st con g 6s. 1918
|Int St Pump 10-yr oouv. 6s '13
iKnicker lee (Chic) l8lg58.'2S
iLackaw Steel lat g 5s
1923
,
SiTie-
January
Sep '04
Jail '01
'01
106
113
100
M-S
103i8l06Hj Stat Isl Ry 1st gu g 4I2S..I943 J-D
103 12 103=8 Syra Bing & N Y &ee D L &
'per A ot St L Ist g 412S..1939 A-O
II3I2...
113^1 11312
ii3'2 X Ist con gold 5s
no
1894-1944 P-A
09 101
99^4
99 14
96
99^4
Gen refund 8 f g 48
1953 J-J
9738
100 Jan '04
100 100
St L
Bge Ter gu g 5s. 1930 A-O
90 Sale
87^8
901s 1169 7912 9018 Tex & N O See So Pac Co
94 Oct '04 '"2 94
94
Tex <S;PacEDivlsig6s.. 1905 M-S
I25I4 126
126
II9I2I26
1st gold 5s
2000 J-D
86I2
88 Hi Sale
89^2 307 78
89
2d goldinc5s
j2000 Mar
98
LaDivBLlslK 5s
1931 J. J
WMinW&NWlstgn58'30 F-A
07 12 Sale
97 '4 Sale
S4| 91ial00
T0I& OC Ist g 5s
1935 J-J
87 Cg
"^^^i
..
12 70 Ha 85»6
Western Div Ist g 58. ..1935 A-O
8234 Salo
8 134
8278 703 66 Hi 827,
General gold 5s
1935 J-D
Kan<fe
Isl gug 4s
1990 A-O
TolP& Wist gold 48. ...1917 J-J
llOisllOSe 11038 11038
107''8 112
TolStL.feWprlieng3His.1925 J-J
134<%...
134=8 Oct '04
130 134=8
60-year gold 4s
1950 A-O
140 May'02
TorHam&Bult'l8tg48./il946 J-D
111H211312 11178Kov'04
ib7'i-1 11234"
Ulster & Del 1st coug 58 1928 J-D
llOieApr'Ol
Ist refund g 4a
1952 A-O
111
11134 Sri) '04
109 Hi 11134 Un PaoRR<fe 1 gr g 4s...l947 J-J
104
104 Nov'04
100 104
Registered
1947 J-J
106 May'Oi
IstUen convert 48
1911 M-N
102=8
102=8 Oct '04
102=8 104 H2
Registered
1911 M-N
Ore Ry <fc Nav con g 4s. 1946 J -D
r28"'Apr"'02
Ore Short Line 1st g 6s.. 1922 F-A
1341-2
135 Apr '04
133 135=8
Ist consol g 5s
1946 J-J
115
Apr'97
48 <fe participating
1927 P-A
18"'
i
11634 Sep '04
iY4iii"l634'
Utah & Nor 1st 7s
1908
J-J
120 .
117 Jan '04
117 117
Gold 5s
1926 J-J
Uni
J RR & C Co See Pa RK
Utah Central ^'ee Rio Gr Wes
lUl!st;KL,LJiNEOi;.S
(Dlanulacturiiie &. Indimtrinl
ConsolTobacco50-yrg 48.1961 F-A
Registered
1951 F-A
N Ala
<fe
12234 127
Va
<fe
,
M-8
W
Spok FaUs
103>«...
105 7h
8934 Sale
AO
J-J
J-J
AlaCen R Ist g 6s. .....1918 J.J
Atl & Danvl8tg48
1948 J.J
2d 48
1948 J.J
Atl<fe Yad Ist g guar 48. 1949 A-O
Col <fc Green V 1st 6s
1916 J-J
Va<fc Ga Div g 58.. 1930 J.J
Con Ist gold 58
1956 M-N
E Ten reor lien g 58
1938 M-S
Ga Pac Ry Ist g 68
1922 J-J
Knox& Ohio Ist g 68.. .1925 J-J
Rich <fc Dan con g 68
1915 J-J
Debosslamped
1927 A-O
Rich & Meek Ist g 48.. .1948 M-N
SoCar<fc Ga 1st g 5s
1919 M-N
Virginia Mid serC 68. ..1916 M-S
Series D 4-58
1921 M-S
Series E5s
1926 M-S
General 58
1936 M-N
Guar stamped
1936 M-N
O <fe
Ist cy gu 4s. .1924 F-A
WeslNC Ist con g 6s. .1914 J-J
W
M
'
F...1912
ET
P
St L & Cairo See Mob & Ohio
St L <& Iron Mount See
P
St I, K C <fe N See Wabash
St h
Br See T RR A o£ St L
8t L & S Fran 2d g 6s CI B 1906
2d gold 6s Class C
1906
General gold 68
1931
General gold 5s
1931
E&
Sabine Div Istges
Con gold 58
Southern— Ist con g 58
120 Oct '01
112 12 Dec '02
.
IIOI4
101
J-J
1st gold 6s
1912 A-O
Ist con guarg58
1937 -M-N
Stamped
1905-.. 1937 M-N
119>«119>2
122 »a.
Ill .
127
129
122
SoPol ArgulBlg68...cl909 J-J 109 1091, 109=8 Sep '04
iHt guar g68
cl910 J-J 110 1111.^ 110»3Ocl'04
S Pof Cal Ist g 68
1905 A-O 100 Hi
1003b Oct '04
1st g 68 series B
1905 .\-0 IOII4
102 Oct '03
l8tg 6s series C& D... 1906 A-O 102 14
1 0434 Sep '04
SPacofNMexl8tg68..1911 J-J
Tex <fe N O lat 78
1905 F-A
J.J
lianqt
='
2
A-O
8A& APa88l«tgug48.1943
20 1^ 1 23 ^
98 101
95=8
120'g
J-J
Noof Callst gu g68....1907 J-J
Guaranteed gold 58
1938 A-O
Oredi Cal Ist guar g 5». 1927 J-J
llOialll
^5
A-(J
M-N
A-O 129 Hi.
1920
N YT&Mexgnl8lg48.1912
W
,
W
1084110
Nov'97
137
Week's
Uaiiije or
Laal sale
tridav
Nov 18
Hid
V&c<Jiy—( Continued A
Atk Low
Hiali
TCl8tg58iutgu..l937 J-J l]3»4Sale 11334 11334
1 1 3
A-O 110>«
Sep '04
Consol g 68 iut guar. ..1912
Gen gold 48 int guar. . 1921
Waco* N div 1st g 6b '30
Morgan's La <fcTl8t 78. 1918
IstgOsseries
J-B
J-D
Price
Vol, Lixir.
Low High Southern
.
PhU B <fe
See Peun IIR
PUila <& Keaihug coum 78.1911
Pine Creek lejr guar G»...1932
Pitts Ciii & St L See Penn Co
Pitta Cleve & Tol See B & O
Pitts Ft
dc Cli Hee Peiiii Co
Pitts Juno l8tgold6s
1922
Pitts & L Erie 2d g 5s...ol928
[
STOCK EXCHANGE
Wkbk E.ndi.ng Nov 18
Ist gold 68
107«8.
Ill>a.
M-S
Oct
III!
''8
4
N. Y.
1
1123* Mar'OO
...
110 11
106>»10
19'21
W
liange
Since
lanuwry
99»8...
W
Peo
Ask Low
*106
Qr K<fc lex iRt «ru k4Hjm 1941 J J
thilaBaiai
l8tg48....in4H M.N
KtJKi^t>!red 4s
1943 U-N
Uuu iV; i.ewis l8t g4H...193o J.J
UN J KK A;Caugeu4s.l944
fyeelct
Jianye or
Last Sale
Aov 18
—Coacluded—Page
60
,5634
10734 10734
AO
76 Hi S3
AO
89 Hi 9-34
112
112
76" "75'
I
«
Option sale
.
KOV.
——
3
1
Business at Stock Exchanges
of
iinn Securities
Bid
40
Stocks
^ndino
liailroad
l^ovember 18
823,928
Saturday
Monday
.......
......
'Piiesdav
1,537,30H
l,.'j«2,:S4
Wednesday
1,389.484
Thursday
1,(178.323
1,534,673
Friday
$79,416,300
147.327,150
150,448,400
1H5.375.900
163.801,050
144,775,250
8,525,898 $821,144,050
Total
Sales at
New York Stock
$5,749,800
8.639.500
11,691,500
9.224,900
$267,500
784,000
275,000
282,000
10,6fi2,ri00
274. -"lOO
10,186,700
225.000
November IS
1904
1903
January
1 to
1904
1903
148,162.850
2,831,186
143.340,363
8,525398
Stocks— No. shares
$821,14t.O50 $247,342,560 $13,718,403,900 $13,367,187,975
Par value
$67 1 ,800
$687,900
$25,500
shares, par..
BONDS
$601,680
$39,100
$1,105,750
government bondB
19,289,175
447.100
2,168,006
State bonds
16,136,500
823,768,300
606,426,900
56,174,900
BR. and mis. bonds
$16,175,600
$58,282,900
$843,659,155
$607,979,750
DAILY TRANSACTIONS AT THE BOSTON AND PHILADELPHIA
EXCHANGES
Week endinn
November 18
1904
Saturday
Mouday
Tuesday
Wednesday
.
Thursday
Friday
Total
Philadelphia
Boston
Bond
Unlisted
shares
Listed
sharen
83,077
98.587
17,154
41,290
110.418
130.111
113,061
103,805
28,9
49,688
4S,639
61,393
$96,000
50,000
101,500
65,500
39,500
70,000
619,059
247,077
$422,500
1
Bond
Unlisted
shares
Listed
shares
sales
14,529
28,419
59,119
41,601
2B,133
42.140
sales
9,609
28,786
25,879
17,168
18,796
23,506
$95,700
226,400
127,000
94,500
130,600
207,925
123,744
211,941
See Stock Ex.
$888,125
Pat
&
103
101
100
63
42
109
136
86
109 14
no6
A.O no5
.100
3
6
J-D
Pas Gas & Elecl 00
40
46
68
105
96
111
U Cong 5s 1949. ...M.S
St Joseph Gas 5s 1937. J -J
67
no4
i
91
Telegrr «fc Telephone
1IAinerTeleg<fe Cable 100
91
93
So Amer. 100 107
210
licommercial Cable ..100
Commer Un Tel (N Y).2u 115
Emp & Bay State Tel 100 78 82
47
52
Franklin
100
UGoldcSi Stock
100 120 123
114 138, 1905
94
Hudson River Teleph 100 90
UN YtfcN J Teleph. ..100 158 160
Chang
e
list
53 1920 .See Stock Ex
123
UNortliwestern Teleg. 50 120
78
82
Pacific & Atlantic
25
HSouthern & Atlantic 25 100 103
iJCentral
<fe
Companies
Electric
170
200
Chicago Edison Co. ..100
HKiugsCo El LifeP Co 100
Narragan (Prov) El Co 50
NYcfe Q El L&PowColOO
Preferred
100
UnitedElectricol N JlOO
48 1949
J.D
17212
94
62
93
25
65
97
A
Weekly Review of Outside Market will be found on a preceding page.
Street Kailwnys
Bid
MKW YOKK CITY
100
Ful
F
stk
32
St&
Bleeck
93
1Il8tmort43 1950 ..J-J
Aveslk
..100
242
KB'y & 7tU
1I2dmort 5s 1914 ...J-J 104
Cou 58 1943 See Stock Exch
B'waySurllstSsgu 1924 ^108
2d 58 Int as reutal 1905 i 99 '2
flCent'l Crosst'n stk.. 100 330
UlStM. 6s 1922 ...M-N (!117
HCenPkN & E R stk. 100 205
flChr't'r& 10th St stk 100 177
Col<fe 9th Ave 5s See Stock Exch
Dry
DEB
di
a—
112
99
390
105
390
50
Hist gold 53 1932. ..J.D
llscrip 5s 1914 ....F-A
U iiiighth
Avenue st.
. .
100
42dStM& StNAv..lOO
Metropol .Securities See
Metropol Street Ry See
Ninth Avenue stock. 100
Second Avenue stocklOO
H Ist mort 5s 1909 M.N
F.A
Consolos 1948
llsixlh Avenue stock 100
Sou Boolev 5s 1945. .JJ
SoFer 1st 58 1919. ..A-G
Third Avenue See Stock
Tarry
P <fe us 1928
VkersStllK 5s 1946A-0
28lli <fc 29th Sta 1st 5s '96
liTwenly-Th'd St stk 100
J-J
Deb 58 1906
Union Rylst 58 1942 F-A
Weatchesl Ist 5s '43 J.J
W
M
34
100
248
107
Ave
58 1909. .A.O
Con 68 g 1931
A-O
Imut 58 See Stock Kxc
W E 5s 1933. .A-O
Brooklyn City stock... 10
BBA
Cou 58 See Stock Excli
3>2
Ask
4
i
113
114
list
110
101
350
121
Tr ctfs 20,0 to 6% perpet
North Jersey St Ry 100
210
186
l8t43 1948
M-N
Cons Trac ol N J... 100
Ist 5s 1933
J-I)
list
62«4
24
79 14 '80I4
76'a
no8
New'k Pas Ry 58 '30J-J ill3
Or&New 1st 6s '05 A-O noo
115
101
63 '4
Essex Pas 6s 1905 M.N iiOl
Rapid Tran St Ry..lOO 250
Ist 08 1921
A-O 109
20
J C Hobcfe PatersonlOO
4s g 1949
M-N 77
So J Gas El <fc Trao 100 120
7712
108 '4
114
101
260
110
78^4
79
113
176
106
108
Exch
list
United Rys
103
105
106
107
i
Exc
Stk E
Stk E
185
208
J
list
X
s
list
list
192
210
10215 103
^110
172
S102
no6
Sj
51121.J 114
390
96
109
102
400
99
112
105
of StL—
Com vot ir ctia
100
100
Preferred
Gen 4s 1934
6'eeStk Exch
UnitRysSanFran SeeStk Exch
Wash Ry & El Co
28
100
Preferred
4s 1951
100
79
J.D
86
46
U West Chicago S t .... 1 00
HCong 5s 1936.... M..N
1
113
23d Sts Ferry 100
1st mort 5s 1919. ..J-D
HUnion Ferry stock .100
Hist 5s 1920
M-N
list
list
30
80
87
50
Northern Pacific
Preferred
50
Seaboard Air Line
350
101
115
list
113
Ist 4s 1951
.Vee St k Exc h list
N Wb'g&Flatl8tex4'28 101 104
bt«lnway 1st 6u 1922.J.J «118
1st cousol 5s 1948. -J-J
G EL H.&P See Stock
NY
NY
East River Gas
Ist 5s 1944
JJ
Cousol 5s 1945
J-J
N Y <& Richmond Gas.lOO
Nor Un Ist 5s 1927. M.N
nio
Exch
Uli-j
llHt
<fc
Ifstandard Gas com ..100
llPreferred
100
Ist 53 1930
M.N
OTUKU CITIES
Amer
Light
Preferred
&
ni2
107
35
114
110
noi
108
130
156
15')
170
nioH- U3'
92
3
3
no6
(
t
ColUr5sl907 op. ..M.S
South Pac pref full pdlOti
Va <fe Southwestern. .100
Wabash Pitts Term Ry—
l8tg4sJuuel 1954.J.D
2dg48June 1 1954
34
76
Alliance Realty
IIAUis-Chalmers
UPreferred
100
100
loo
HAmer Bank Note Co. 50
American Can com. ..100
Preferred
loo
American Chicle Co. .100
Preferred
loO
American Elevated
JIaltingOs 19 1 4. J-D
Amer Press Assoc'n.lOO
Soda Foun com. .100
Ist preferred
lOO
2d preferred
100
American Surety
50
Amer Tobacco (old).. 50
Preferred
See Stock
Am
Am
981-2
9334
1161-2
117 1-2
45
90 14
461*
II
1|
Preferred
Bliss
Company com
Preferred
...
120
16»s
61
156
91^
62'3
114
94
i04^4
85
68
12
165
250
Exch
245
021-2
4s (wi)
6s (wi)
Am Typefo'rs com. ..100
Preferred
loo
Amer Writing Paper. 100
Preferred
loo
5s 1919
JJ
Sm Car
Houston OU
100
100
Preferred
Hudson Realty
International Silver. 100
Preferred
100
1st 6s 1948
J-D
Lanston Monotype
20
100
lOO
50
50
Boud& MfgGuar....lOO
69
lOil
32
92
Ol-i
24 H,
81
10
118
130
130
J3G5
121
110
5-\
20
140
145
3V5
3
20
165
14
13
29
82
22
62
61
u
35
i
t
Lawyers' Title Ins. ..100
& Taylor pret ..100
Otli-^
9
40
100 14
13 Si 14S2
195
31 1-2 .il7S:
103
105
130
34 '4 34»4
i!
1iLorillard(P)pret ...100
Mack IV Companies ..100
50
&
t
73>.2
741.2
10
60
20
9 1-2
4=8
11
94
9 4 Is
1
IJI4
t
3U
2's
100
23Sj
88
125
47
22
83
115
4-,J
105
135
l(/0
15
146
18
45
50
N Y Trau.sportation...20
ii"-^
Nor
Luin'rit PulpltlO
llOntario Silver
100
Otis Elevator com
100
31-2
Am
1
7
11^1
49
4
49
Si
Si
ujs. lot
14
17
100
TreutonPolteriescomlOO
Preferred new
100
Trow Directory now. .100
Union Copper
10
Union Typewr com. .100
100
1st preferred
2d preferred
100
Unit Boxboard<fc Pap. 100
Preferred
100
100
U S Cotton Duck
U S Envelope com. ..100
11 Si
301-2
•^
100
Phoenix Mining
1
Pittsburg Brewing. .,.50
11
Itl-'j
OAi
(
261.2
\i'i^4
f
46
46I4
22
21'-.
7'.-
'•2
25
82
1
14
100
160
28
80
20
Lord
Preferred
50
Pittsburg Coal
100
90^4
Preferred
100
40
Pope Manufactuxing.lOO
Isl preleired
100
2d preferred..
100
Pratt & Whitn pref. .100
i?
Realty Assoc (Bklyn)lOO
63
Royal Bak Powil pref. 100
Russell & Erwin
25
10
Safety Car Heatifc Lt 100
63
Seminole Mining
5
118
Singer Mfg Co
100
97
Standard CouplercomlOO
I4
Preferred
100
Standard MUUng Co.lOO
100
Preferred
100
4
5s
73
Stan'dardoirof N jl.'ioo
14 Si Storage Power
50
170
Swift & Co See Boston St
500
1st 58 1910-1914. ...J J
list
Tennessee Copper
25
UTexasifc PaciUc Coal 100
250
Ist 6s 1908
A-O
93
Title Guar & Trust See
69 1-2 Title Ins Co of N Y..100
1111.2 Tonapali Min (Nevada).
100
105
Lawyers Mort insur.lOO 185
1|New York Dock
37
78
6
M-N no2
1910
1
40
3
N Y Biscuit 6s 1911. M.S
N Y Mtge& Security. 100
150
105
I4
30
Hoboken Land & ImplOO 200
115s
95
83
39
48
102
100
100
UPreterred
Industrial autl Itliscel
Barney <fe
1st pref erred
2d preferred
60
1171-2 LI734
17
12
Herring-HaU-MarvlnlOO
i)u'4
140
Si
^9414
47
Mont
991-.,
Sj
T-i
16
23
Preferred
100
Hecker-Jones-Jew'l Mill
Isl 6s 1922
M-S
45
941.2
75
t
36
38
Boston Consol .5
90
Mosler Safe Co
100
IINat Enaiuifc Stamp 100
100
II Pref erred
94^4 National Surety
100
96
Central
Coal
llNew
20
lU
121.2
44
h
t
100
Preferred
Preferred
109
86
i
i
42
70
Havana Tobacco Co. .100
Monougahela R Coal.. 50
6
5
1.^
71..,
Hackensack Water Co—
Ref g 4s 62 op 12. ..J-J
Hall Signal Co
100
Havana Commercial. 100
Preferred
106
list
list
30
lou
Northern Securities.. 100
Pitts Besa do L E
50
EquitGascou5si932 Sec Stk E X lisl Amer Tobacco (new)
IIMutual Gas
100 300 3 'JO
Common (w i)
New Amsterdam (ias
Preferred (w i)
list
91
Railroad
Chic Peo <fe St L pref. 100
Deposited stock
Uudepdsited stock
Prior lien g 4 i2S'30M€&S
Coa mtg g 5s 1930. J&J
Income 68 1930
Chic R I & Pae— Ref g 4s
1934 op to 1911. ...A-O
Erie con v4sAprl'63AdiO
HFort Worth <fe Denver
City stamped
loO
N Y Cent deb 48 '34.M-N
241
104
i
141
26
^4
Electro-Pneum'icTranlO t
^i
8
Empire Steel
9
100
42
Preferred
45
100
48
llGeneral Chemical ..100
55
96
llPreferred
99
100
'»
t
Gold Hill Copper
«4
1
Greene Con Cop See Best Stock Exch
10 14
Greene Consol Gold... 10 t lu
10
HackensackAleadowslOO
18
Preferred
100
Madi.«on Sq Gar<leu..lOO
2d 6s 1919
M-N
TJManhatt Beach Co. 100
Manhattan Transit
20
Mergtnfler-H'n Bskt. 1
Mex Government new 48
Mex Nat Construe, pf 100
60
94
32
95
<fe
101
li;o
Istg5sl951
106
<fe
Cent Union Gas 1st 5s... no8 111
Con Gas (N Y)8tk. ,See St k Exc h Usl
Conv deb 6s ctfs .SeeStk Excll list
list
102
238
70
Gas Securities
NEW YORK
no2
110
68 Hi
N Y N J Isl 5s 1946. J-J no4
40
10th
Cuban 6s of 1896
llDiaiuond M.atcli Co. 100
Donuuiou Securities. 100
Electric Boat
100
Preferred
100
Electric Lead Reduo'n.50
Preferred
50
Electric Vehicle
100
Preferred
100
International Salt. ...100
5
51-2
Brooklyn Ferry stocklOO
B<feNY'lst6s 1911. J.J 106 HI
Con 58 1948 See Stock Exch Ust
N Y & E R Ferry stk. 100 77 85
1st 5s 1922
M-N i 88
N V & Hob con 5s '46. J- D no8 109
Hob Fy Ist 5s 1946 M.N «109>2 112
When released
77 Si
122
Gu g53 1953
M-S no2 104
No Hud Co Ry 69' 14 J-J nil 113
58 1928
J-J no9
110
Ext 58 1924
M-N no4»2 105
Pat City con 6s '31. J.D n2o
2d 68.... 19 14 opt A-O noo
Rochester Ry pref ...100
99 102
Con 5s 1930 See Phila bst
2d 5s 1933
J-D 106 107
9612 96
So Side El (Chic) stk. 100
Syracuse Rap Tr 58 1946 iioa 108
Bklu crosstn 58 1908. J-J 102
llgts l8t58 1941 A-O 104
Bklu y Co it Sub /See Stk Excll
Bklyn Rap Trau See Stk Excli
UUouey Is. ifcUklyn ..100 340
Ist cons g 48 1948. .J-J
100 '4
Brk C & N 5.S 1939. J-J 113
Gr st&New Ist 5s '06 F-A 100
Gr'pt <fe Lorimer St Ist Os 104
Kings Co. Elevated—
Ist 43 1949 See Stock Exch
Nassau Elec pret
100
75
6» 1944
A-O 110
Bku
Bid
Lyiin& Bos 1st 5s '24.J-D ni2i2 114 Hi
914
100
Preferred
26
100
26
4'<23 1952
J.J
76
79
North Chic Str stock. 100
76
79
Pub Serv Corp of N J 100 107 108
BBOOKLTN
Atlan
Street Railways
Lake St (Cliic) El stk. 100
lat5s 1928
J-J
HLouisv St5sl930..J<feJ
New on RysCo
405
106
405
70
1041^ 107
80
85
154 155 >?
llScrii) 68 1914 ....V-A
1112d& Gr St F'y stk. .100
lllstmort 68 1910 .M-S
ll2d income 6s 1915 J-J
In rerborough Kap Tr. 100
Lex. Av & Pav F OS See St
Ask
65
Internat'lBankingColOO
Int'n'lMerc Marine. 100
Preferred
100
Col tr deb 4 '2l922op'07
Ferry Companies
Outside Securities
66
15
list
95
80
58
40
Newark Gas 6s 1944. Q-J n35
Newark Con.sol Gas. .100 85
S-D no9
HCon gSs 194.>^
No Hudson L H & Pow
OS 1938
110& InilC X.alcfc
Ist 6s 1926
8
00
Consolid Car Heating 100
HCons Firew'ks com .100
llPreferred
100
list.
Gas
Log<&WabVlst6s'25.J-I)
Madison Gas 6s 1926. A-U
Bank
Total bonds
noi
lou
ion
UPreferred
Lalay'eGaslsi6s'24.M->«'
November 18
Induistrin! niid >liscel
.\ir Co... 100
Compressed
Cons Ry Ltg&Refrig.lOO
5
6
I4
Consol Rubber Tire. .100
1
45
9
Debenture 4s
11
75
Cons Storage BatlerylOn
10
M.N n05i2 look ContToUac deb 78'05A-O iltiVh 102 Si
5o
81
17
Cramps' Sli & En BldglOO
22
103
A-O «
i;Crucible Steel
s\.
100
20
100
30
100
45^i 4«V,
H Preferred
Isl 68 1920
Jackson Gas Co
5s g 1937
Kansas City Gas
5s 1922
IILaclede
$56,174,900 $2,108,000
yVeek ending
Exchange
Bonds
I'ar valiie
ASk
100
Exch
iSee Stock
5s g 1949
Indiana Nat <fe 111 Gas—
M-N
40
1st 6s 1908
70
50
Indianapolis Gas
O S
Bonds
State
<£-c
Bonds
Shares
P-A
100
OS 1915
Hudson Co Gas
rRANSACTIONS AT THE NEW YORK STOCK EXCHANGE
DAILY. WEEKLY^ AND YEARLY^
iyo4
1
2193
Gasife El Bergen Co. .100
Grand Rapids Gas
Ijlst
Weeic
1
THE CHRONICLE
19, 1901.
Volume
—
—
Si
4S.
5
74 S.
14
lOU
78
al30
133
109
63
ISO
io>->
t
t
16
61
174
132
600
20
110
28
125
8 Si
32
77
625
'8
TOO
'4
33 S,
81'
^^0
h
t
Si
10
>-l.
k E.vt
ii'ge
4102
37
t
102
Si
7i'
no.)
Si
38
90
110
Trust Co'8.
155
t
159
b-'i
12
Si
8^
65
1
\.^4
90
U2
110
9I4
15
t-5
75
l'«
96
115
116
3
3
14
16
8
20
6
Si
66
68
Borden's Coud Milk.. 100
125
80
loo
98 Hi 100
Preferred
100
L13
llPreferred
loo
I
^10
50
5
British <;oI Copper
o\ IT S Really* Imp See Ht'k Exch list
5 t
Biughamtoii Gas 5s 1938 i 94
17
19
OTHER CIT1B8
97
CauKlen Land
lie
Shipbuilding
(w
3 f
» U S
1)
711.2
Brooklyn Union (^as doh
73
CcllulrfldCo
Preferred (w i)
100 118 hi 120
Buffalo street Ry68 1909 conv '07...
193 196
39
40
15
Cent Fireworks com. 100
18
5 certif.s
lst consol 53 1931. .F.A nil
113
Buffalo City (ias slock 100
61.
Preferred
58
63
100
U S Steel Corp new 58 See Stk E X Usl
Deb 6» 1917
A.O no5 107
Ist 58 1947 See Stock Exch lisl
nil 112
Central Foundry
3
2-M
Col t r s f 5s '5 1 opt 1
100
Chicago City Ry stk. 100 185
Chicago Gas .See N V Stk Exch list
16-\ 17 >4
Preferred
nil 112
Col tr 8 toH '51 not opt
loo
Chic UniouTrac AeeSfck Exch list
Consol Gas of N J
100
7
Deb
66
Firo
Ext'r.
Cs
op
Universal
100
1919
69
'01]\I-N
Clevelaiiil ICloctr liy.lOO
73'.,
7434
l8t 5m 1936
•\
92
JJ
95
Century
105
1
Re.alty
Tobacco...
100
Universal
116
100
Columbus (O) St Uy..lOO
OC'-j
98^4 Consumers' L U <& Pow—
2
ClicKcbrougli Alfg Co 100 420
Preferred
loo
6
Preferred
100 108^< 109»4
6s 1938
J-1) ilVi
1IClallin(U B) 1st pref 100
Wcstchestor <fe Bronx
S'2
ioi
Colum Ity con os Sec I ita list
City Gas
t
11 Detroit
50
lB2ia
1|2d preferred
Mort
100
95
Title
<fc
Guar
Co.
105
100
Crosst'wn l8t58'33.J.n J108
Elizabeth Gas Lt Co. 1 00 220
95
Wcstingh Air Brake. .50 1160 161
1, ComiUDii
105
100
Oraud Rapids Uy
lOO
59
03
K.isex <fc Hudson Gas 100 124
123
Col & Hock Coalife 1 pt 1 00
65
80
White Knob Mining. 10
1
'a
Preferred
100
85
90
Fort Wayne 6s 1925. .J
1st g5s 1917
i 91
Worthinir Pump pref. loo 122
92
J.J i 85
128
Buyer pays accrued Intereau 1 Price per share. JSale price,
a Kx rights, xlix. dlv :N6W stock. 11 SeUs on Stock Ezohango, but not a very active security.
Bay State
Tract. 100
G.as
'-2
MS
'
.
8
2
7
'
1
BOSTON STOCK EXOHA^NGIE-Stock
Share
Safuritaii
MonUav
^ov. la
Jfov.l4
61 \
87
103 103
262 >« 252 4
163 IfiS
•242 'U''^
104 >a 104'-.
262
163
•303
302
152
140
-47
lf.4
242i.j24-.'S
....
'302
152
'
•81
•ISSj
14
56
66
•81
•202
78
52
•40
50
94
94>a
113
95 14
58
21
214
*40
60
Wlh
•112
20 "a 20'-.
•81
82
19
112
85 4
105
1504 1504 1514
185
140
....
1534
253
202
•75
202
202
202
'50
79
62
•75
79
78
52 4 62 4
•40
60
•40
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00
9434
944 944
113<^114'e
96
954
113»8lll'v
•944 96
92
112
113
914
92
92
6^4
6^4
BO'S
25 "a 25 'a
145 "4 14834
13934 140
14313 144
1912
IS
87 '4
86
334
334
25Vj 2312
146=8 146
13918 140
143
18
1
48^4
IS
86
•
117'2ll9
18
183^
*7
7
245
245
181
41 14
8JI4
195
•134
135^4
a;82
*I93
Do
100
100
loo
100
100
100
orel
Boaton & Albany
Boston Klevateil
Boston & Lowell
Boston & Maine
pref
iJo
Boston
<fc
ProvidencelOl)
1614 ChicJuncKyifc U S
226
84
•8
8^4
112 14 113
23
1934
7\
112
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pref
100
6
Con<fc
Mont
(Mass 4. .100
6
i.\
41a
105i2l05'f
54
54
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1334
in's
1334
30
2618
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27
• •7(1
85^8
22
loo
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loo
89
100
44
7>i.
85 4 85 4
27 14 284
85 'e 87«(,
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23
99
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74
334
334
44
105
h9
734
228
4
84
•113
84
4^8
65
'il^
314 314
14 4 14 4
85
273g
284
87 4 88 14
27
87
*86
•96
89
100
7»B
204
1934
21
75''8
7634
7I4
1938
7534
100
74
134 134
13
134
2934
2»8
2984
14
l*-^
21
22 14
204
2134
35^8
36 '4
3534
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7
650
SOH
1
714
665
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•46
-46
70^4
11»8
63>4
334
15
72
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660
665
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96
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115
115
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139
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8
7
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124 124
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234
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6
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3
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20 14 2114
36^8
36
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7
665
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74
675
84
30%
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14
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1234
1434
64 4
644
3^8
144 154
44 43,
26
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253b
3
30 '4 314
7034
14
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110
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3
14 4
734
700
310b
•49
2"l8
864
634
7
1939
20
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110
13 4
64
1334
2
4
36
30 4
364
1
li*.
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7^8
14
695
700
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Last Hate
714 744
14
309
1334
5
2 '8
2
143.
623,
113
4
308
14 4
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2
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-
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323,
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74
73,
74
7'-.
134
13.
134
104
l^f
1034
5534
214
2 '4
27
27
9534
96
33
32 'm
14
44 44
116
24 24
3I4
116
3
2
20'4
05
32
44
118
3
3
734
138
24
1034
10
65 4 67
434
24
28 4
98
83
4
Lasl Sate
2
2734
2
2S3<
97
3234 33
".J
4
'8
120
3
313a
84
139 .,
2
434
97
121
4
44
122
3
23,
3 4
734
7
2'4
139
139
24
24
164 r
16'4 n%
104 18
16»8 17 '4
Lasl Sate
'24" '2434
"244 "2514 '2.i4"25
24 4 2434
lO"* 103g
104 llSg 114 1134
1134 123(,
4434 46
444 44 7g 45
45 4
4534 403,
64 63(,
6
64
6
64
6 ^a
6 '8
124 13
12
124 liog 124
124 1234
107 107
107 109
107 107
108 4 109
'4
2^8
3
2^8
3
234
2
100
100
100
100
100
100
Do
864 Westing
'04
Do iiref
100
1,220
558
310
653
32
70
364
245
200
364
8,294
110
132
63
'-4
9 Nov 26 Feb
721 124 Apr 14 21 Novl
216 71 Jau 5 83 Oct 25 604 Nov 804 Feb
3 Sep
848
7
Mar
34 Feb 4 038 Nov 5
218 17 Feb 2 7 27 4»-P 10 12 Sep 24 Mar
10738 Oct 1344 Jan
33,176 1224 l-'eb24 152 4 Novl
l,78y 1224 Jan 5 141 Novl7 116 Aug 123 4 Deo'
7,447 1191. Feb 19 14534 Nov 18 11440ct 109 4 Feb
634 Oct
1478 Feb
22.883
9 Feb 19 23 Nov 18
3,900 084 Jan 19 9034No-fi8 65 Oct 79 4 Jan)
34J'iy
Mar
teep
23
534 Jan;
2
4
8
34
10 1124 Jau 15 1197gOct 25 115 Oct 127 JanJ
19
Nov
J'nei3
12
64
Nov
Jan
5,575
624
'4
74
5 4 Oct
834 Jan
511
54 Jan 23 7 4 Oct 12
1S4 230 Feb2o 265 Aup22 223 Dec 310 Feb
al51 J'ne22 1814Novi5 138 Sep 204 Feb
2,492 3739 Marly 444 Aug 18 30 J'ly 4834 Feb
744 J'ly 80 'a Feb<
1,018 773, Marl4 8434 Oct 2
28 173 J'ne 2 195 Nov 17 164^4 Aug 190 FebJ
2 4 Jan
14 Oct
9,675
14 Apr 30 24N0VIO
116 118 Feb 23 1354 Oct 29 121 Nov 139 Jan
9 Apr 20 Jan
123
4 Oct 11 4 Jau 2e
5
8 Oct 10 17 Jiy 1
494 208 Marl5 231 Novl8 197 J'ly 237 Jan
64 Dec 10 Feb
28
64 Jan 19 878 Apr 14
710 x993. Mar 21 lid Oct 10 99 J'ly 132 Jan
224 J'lyl8 22 4 J'ly 18 25 J'ne 2634 J an^
255 24 4 Oct 21 26 NovlO 28 J'ly 2934 Jan
134 Jan
5 Oct 29
5 Apr
360
2 Jan 10
8,112 95 Feb 8 113 J'nel3 91 Aug 111 Jant
2,67& 454 Feb 26 57 4 Nov 18 38 4 Oct 53 Jani
608 28 Jan 28 32 Oct 2U 27 Aug 314 Feb!
730
64 May 12 14'^Novl8 7 Sep 154 Feb
100 77 Jau 10 94 Novl5 7134 Oct 95 4 May
9 Oct
34 Novls
18 4 Feb
80 1034 Feb
10 404 Jan
S5 4Novi4 33 J'ly 574 Jan
10 Nov 3978 Feb
&38 May 13 28 4 Novl 4
19,500
21,404 514 MaylS 88 4 Nov 18 4934 Nov 8908 Jan
1
j
•50
Teleg.lOO
100
Mfg... 50
50
1,044
40"
10
23,
Adventure Con
7
25
Apr 12
7534 J'ne28 87
Aug 8 100
too 4
2,099 •75
Aug
14
1
BostouConC&G
7
(rot8)iil 38,260
6
7 78
3
25 28,29 (i33i8 Mar 8
Amalgamated CopperlOO 69,899 43 Feb 8
75 Mar21
Amer Qold Dredging 5
134 Am Zinc Lead & Sm. 25 i',385 8 Feb 23
420 1538Feb24
25
Anaconda
Arcadian
25 5,721 •25 Feb 2
25 3,740 •20 Jly2o
14 Arnold
Feb 11
7
Atlantic
25
16,092
214
38 Bingham Con Min<&S 60 22,085 19 Mar 2
Bonanza (Dev Co)... 10 17.335 •39 M»yl4
1»;
Allouez
20
•75
Janl4
3 23 4Novl4
Mar 14 10u4Novl4
64 J'ne
70
Oct 20
Jau 15
Nov 11
Novl5
121
82
Nov 18
1
Marl5
14
Oct 14
Novlh
Nov 14
14Novl4
224 Novl-.;
38 4 Novl 8
2934
3
&
27,
Jan
•80
.Mar
28
Oct 102
Oct 108
8O34 Oct 110
Jan
Feb
74
Nov
71
67
2
Dec
Uecla
.
3l4Febl
6 4 Feb'
MaTi
14 4 Feb!
39 4 Feb
Sep
Apr
•95
Oct
Dec
Dec
-90
Mar
J'ly
551
Mar
•06
Feb
•io
Feb!
12
J'ly
400
3178 Febj
Sep
94J'lyi
Nov l^aa Jan
10 4 Sep 16 Marl
37 J'ly 75 Feb|
31 Nov 48 4 Marl
59 4 Oct 13 178 Jan
100 Oct 118 4 Feb
2 Oct
5 Mar
7 J'ly 14 Feb
534
•35
I
64
334 J ly
•50
Dec
4-34
Apr
3 Jau
17 4 Fob
64-J'lr
3 J'ly
•60
18
l-obi
2
4 Jau!
4 Feb
Dec
Dec
1
1
J'l}-
58
Feb
2
Nov
8
Mar
•55
•60
Nov
2=8 Jiiu
2 4 Feb
31
J'ne
5 Oct 23 4 Feb
43 4 -J'ly 79 Feb
16 J'li- 34 Feb
279
80
Dec
7
4 Feb
Oct 1204 teu
Nov
4
J'ly
3
Dei;
1478
J'ly 190
'•1
1
Jan'
84 Mar,
750gMart
14 Feb'
1234 Mar:
6 Jan
15=8 -''ly
•75
•25
7
Feb
Jan
18
34 Jan
333« Oct
•50
Feu
74 Novl
251 435 Jau 4 700 Nov 10
25
695
•20
•25
Catalpa (Silver)
10 8,850 •05 Apr23 •25 Nov 8
8 t3234 Nov 11
14.74
7 <i 14 4 Feb
30
Centennial
25
31
678J'ly2o 10 May20
25
74
Oct '04 Central Oil
•45
•47
Cons Mercur Gold...
ii725 20 J'lj'15 •76 Jan
7 4 Apr 5 14
Oct 18
14
25
Oct '04 Continental Zinc
7178
744 Copper Range Con ColOO 48.074 38 Feb 23 744Novl8
141. Daly- West
14
20 6,473 1034 Aug 1 30 Jan 2
860 40 J'ue2'J 7'2 Jau 2
63'. Dominion Coal
63
100
113 Jan 22
23 103 J'ly
100
Do pref
"334 33, Elm River
134 J'ue2V
4 Nov 2
12 1,416
J'ne 2 15 4Novl2
7
13'. Franklin
4.670
13 4
Marls
2*8
5 "e Nov 8
538
Cou.solidated.
10
110,378
(Jrauby
6 7s
2534
26 Greene Consolidated. 10 14,944 20 Oct 19 20 4 Nov 18
23*
6,765 •02 41''ebl5 31*16 NoviO
3 Guanajuato Cousoi..
6 4 May 21 354 Novll
31
32 Isle Royale (Copper). 2 13,337
84Novl4
3 F'eb25
7
2
7.240
74 Mass Consol
2 Nov 12
1'4
134 Mayflower
25 2,745 •45 J'ly 15
34J'"olO 11 Nov 14
10
25 2,085
10 Michigan
671-; Mohawk
26 14,579 34 41''eb 8 67 4Novl8
564
24 Jau 19 63, Aug30
408
4-\ .Montana Coal (& Coke 25 3,930
•40 J'ly 5
1=8 Sep o
24
Oct '114 .Mout lb Boston ctfs..
24N0VI4
2
iisso •50 J'ne 9
2
Old Colony
2
4 Feb 9 28 '4 Nov 17
2734
28 '^ Old Doiiuniou
25 7,558
25 3,380 53 i'eb 8 98 Nov ill
95 4
97 Osceola
3234
33 4 Parrott(Silvat Copp) 10 6,636 2034 Feb 1 33 4Nov:8
25 1,835 ti-50 Aug 1' to Nov
44
4 4 PhiEuix Cousoi
n2- 80 'Feb 25 126 Novl8
124
125 (juincy
3 Novll
970 •50 Ma>-23
24
2 4 Rhode Island
l4Jue24 3 4Xovl4
Santa Fe(Gold & Cop) 10 10,085
3
^8
34 Augl2 9 4JaulJ
10 16,082
74
778 Sliaunon
052 85 May3 140 Novio
138
25
138 'i'amarack
3 Nov 5
875 •25 J'ne.'O
25
Tecumseh
24
2
34 NoviO 3978 Nov 18
39 's Tennessee
25
3
394
334 Mai25 18 4Not12
15-»4
42,034
17 Trinity
6 Mario
6 Marl 9
100
Mar'04 United Copper
6
18 Jau 4 2534 Oct 1 7
24=1 UnitedStatesMining 25 33',41
244
Jan
1234
4
Not 18
84
123, Unit Stales Coal diOil 25 9,143
124
Jau 2 47 NoTl8
UlahCon(Gold)
40
5 39,404 30
47
4J'nell
6^8
Novl4
2
25 3,030
6 Victoria
54
Feb 23 133BNovi2
6
25 13,195
12 Wiuoua
114
Jau
NovlO
69
5
109
109
25 1,085
109 Wolverine
3 Nov 7
208
23, Wyandot
25 2,325 •50 Feb 23
Calumet
'50
13,gNovl5
Oct 27
.
3034 314
Last Sale
25
-4=8
&
El &
West Telep
pret
690
30->4
6
234
20
'4
104 104
64 4 66
134
21
6234
15
Leather
28 U S Steel Corp
Do pret
884
Nov04 West End Land
21-',
Highest
<
79'8
82
75
Mar'(i4
14
204
113
334
US
Do pref
U S Kubber
Do pref
Oct
18
774 814
Last Sale
•47
14
72'.
.^^ 256
274
21^8
I'l
•434
34
100
7^8
t6
34
87 4
708
134
84 84
138 139
138 139
24 24
24 24
8
74
•50
3'8
14-'8
88
loo
50
i>liniug
2-4
214
3534 30 4
14 14
•II
714 724
2034
78=8
20
685
•09
•09
3034 32
•74
112
100
pref
Pullman Co
100
Reece Button.Hole.. 10
100
Swift & Co
674 United Shoe Mach... 25
25
314
Do pref
Lastinaie 94
28
14
Do
834
144
27^8
100
89
'86
89
100
283,
1
\;o\
119
31*3
22
'•J
134 134
1
574
86 4 88
•
IS^e
24
334
Last, 'Salt 60
28
3
133
57
20'8
87«8
28
24
PlantCom t'.ststkcomlOO
23
Sep '04
3i% 314
14 4 14 4
27'^t
•60 -75
224 224 22
1004 100 100
74 4 75»8
234
1
1
10
231
14534
8934
94
85
74
1
11341134
55
5434
314
13=8
"a
134
1
10
230
•8
112
144 'a
21
26
141
Last sate 224 Oct '04 Torrington Class A.. 25
25 4 25 4
26
Do pref
25
•44 4\ ""44
•44 4\
44 Union Cop L'd <fc Mg. 25
105 105 4 105 105 4 105 4 108', United Eruit
100
5434
•86
*96
133
1
834
115
23
25 4 26
106
133
2294 329 4
229 4
1834
2
90
Last Sale 4
134
I8'» 19
74'a 75
28''8
14434
213g
89 4
151:4
119
5434
234
1004 100
100
2034
•25 4
150
140 4
?,
134
112
23
'
••70
2238
...
152
1394141
17 4 18
1734
18*1
7
7
64 7
7
7
24434
24442444
244 4
243
244
180 180 4 180
ISI4 17 9 4 181
183
414 414 411.
414 41
414
4i\
8238
824 32-^. 8238 8238 82 4
82 4
192 195
•193
195
194 194
194
2I4
24 24 23i9
24 2 4
238
•264
5434
3134
•70
.
143 4 1444
2034
20
90
89
144
2038
8934
144 14
834
94
30
148
140
228
*8
112
1124
44
•254 26
20
US'..
13834 140
Do pret
Amer Pneu Serv
Do pref
AmerSu.gar KeUn
Do pref
100
50
50
100
100
Amer Telep & Teleg.lOO
Amer Woolen
100
100
Do pret
Boston Land
10
Cumber! Telep & Tel 100
Dominion Iron & St
East Boston Land
Edison Elec Ilium. ..100
(Jeneral Electric
100
Mass'chusetlsOasCoslOO
Do pref
100
Mergenthaler Lino. .100
Mexican Telephone.. .10
N E Telephone
lOo
^'s
83
6
14
228
84
64'>8
6^8
6
1484 147
13434 135
227
1054100
3134
25 4
«
•2514
Amer Agricul Cliem.lOO
83
24478
134
134
23
'
534
20
82 4
19
82
20
83
74
*7
243
180
41
82
193
82
195
•254
•25 "12
•19
83
82
Lowest
Marl 4 884 Nov 9 544 Auk 89 7j J«b'
Jan 7 103 4 Nov is 85 Aug 1034 Jan
J'ne 7 253 .Vovl" 241 J'Uf 202'- Kt->>
Feb 6 1 55 Xovl7 134 A lit' 154 Jaii
Marll •242 4 -N'ov 5 :!o Au(; 250 Apr
A UK 3 109 4J'lyl3 61 J'ne 195 .Ian
Apr 10 174 Oct 7 70 J'ne 177 Apr
Feb 2 4 303 (jct 2i 90 J'ly 305 .Mar
J'uel5 1 54
)cl 22
33 Sep 157 Jau
£U(i4 J'nel5 1244 Jan 1!
10 Nov 125 Jau
J'ueU 186 Nov 17 H4 Nov lOOi^ Alar
160 Apr
162 4 Jan 4 00 Jan 1(0 Mar
270 Jan 2r 285 J'nelo 270 Auc 2 HO Ket>
133 J'ne 6 141 Apr 7 131 J'ly 143'- Keli
25 Oct 39'. Jan
24 4 Jan 2 4834 Sep 1
73 Jan 27 83 Aug 18 76 Dec 83'-. Jau
42 Mai 42 -Mar
170 J'ne 7 i'75 Apr-'O 73 4 May 180 Feb.
17 Nov 373, Feb,
1 1 4 Sep 1
24 Jau 21
52 '» Oct 21 804 Jan 27 75 Dec 96 Jan
8'8^'ov 28=8 Apr
5
Apr 25 213, Nov l^
185 4May25 199 Oct 22 tlba 4 May 225 Jan
159 Aug24 103 4 Apr 7 1 014 Dec 173'^ -Mar
Sep 232 .M,Hr
2
222 Jan 29 232 Apr21 220
Aug 2124 Feb
198 J'nei3 207 Apr 21 1
74 J'ly20 80 4 Feb 1 Y4 J'ly 91 .May
08 Marl7 79 Novie 68 Sep 85 Jan,
30 J'ly 71 Jan!
29 Aug 12 57 Oct
7 J'ly 25 Jau
40 Jan 15 42 ieb 3 75 Jan 843^ Jan
87 May25 95 4 J'ly 8 91 4 Oct 1044Jan
7138Marl4 11578 >«'ot18 6634 Aug 104 4 Jan
80 4 Mar 1 95 4 Nov 7 83 4 Oct 95 Jan
leo .May 10 171 Oct 22 £162 Sep 178 Feb
89 Jan 4 93 Marll. 87 4 Aug 97 Feb
108 Jan 4 1134Apr20 108 Sep 110 Feb
104J'ly27 17 4Feb20 15 4 Nov 26^8 Jan'
37 4J'ly27 40 4 J'ly 18 38 4 J'ly 52 Jan^
145 Jau 7 145 Jau 7 144 Sep 150 Jau
2«1 88
96 23934
?.'-*x zl37
130 230
406 168
106
8 295
275 130
lio
Wb
iis" 119 *ii7 4 119
18
184 184 18
134 ^a 13434
228
*
194
8714
245
'1=8
•226
25
147 4
139 4
143 4
ISO34 18034
4114 41'^
8i34
•193
63,
•iis" 120
193^
Hi
7
•243
178
41
1994
814
Highest
Lowest
UailrondM
Atch Top A Santa FelOO 4.720 64
.fliscelianeoii!,
•19
19 la
8113 82
6
6
J^enoup
year(iyojj
Week
Sep '04 Conn <fe Pass Hiv pre! 100
Oct '04 Connecticut Kivor...lOO
140
140 FitchUurg pref
100
•49
•49
50
60 Qa lly & Electric
l(io
S3
•81
83
100
Ui> prel
Last .Sate 42
Mar'o;i Houston El'tric com. 100
Last Sale 17 i^ Oct '04 Maine Central
100
10 '1 16 4
164
16 4 Maas Electric Cos
100
58 4 584
584
68 4
Do pref
100
2034 21
2134
2134 .Mexican Central
100
1964 19734 19634 1974 N Y N H & Hart. ...100
Latt Sale U>5
Aug'04 Xorthern N H
100
Last Sate 7'28
Sep '04 Norwich (& Wor pretioo
2024 2024 203
203 Old Colony
100
75
'78
75
80 Peie Marquette
100
79
78
Do pref....
100
51
51
62
62 Rutland pref
100
Last Sale i5'4 Oct '03 Savannah Elec com. .100
•40
60
42
42 Seattle Electric
100
•H3
95
94
94 4
100
Do pret
112-8 11536 1144 llo^p Union Paciuc
100
95
95
'.144
94 hi
100
Do pref
Last Sale 17U
Nov'U4 Vermont & Maas
100
92
92
92
92
West End St
50
112
•112
50
Do pref
Last Sate
Aug'04 Wisconsin Central.. .100
La it Sale 3?''a Aug'04
100
Do pref
Last Sale 145
Aug'U4 Wore Nash <fc Rocli..lO(
1034
Uani/f lor
19U4
tilt
Sliares
'140
197
944
87
1034
£ani/e /or year
Halen
01
KXCHANGK
253
154 4 165
242 4 242 \
1()5 4
165 4
l,a»t Sale no
Oct '04
303 303
302
Weekly and Yearly
Record, Daily,
."STOCKS
BOSTO.V STOCK
1854 186 •185
Last Sale 16U
Last Hale i8i
19534 197
204
103
252
303
152
186
•68
864
8r>'4
1024 1024
253
154 155
242 4 242 4
105 105 4
58
21
197
'
911a 91«»
91'-.
s*
16
58
941a 94 12
II212 11234
95 14 9514
>-
1V.'.\
•9434
1534
211a
202
75
78
62
Nov. 18
4^4 484 •484 60
82
814 814
14 Si
57
202
76
78
51
Nov. 17
•81
67
"a
fridav
Nov. Id
161
140
140
1951219012
203
152
•20'a
14
•2Uiu 21 »i
196>al9i'-j
Tliursilay
303
185
140
48
82
140
48
H'filnesilay
10441644 1014
164 "a 105
14U
48
82
I'or Ociitiiiii l'rice<
P6
8634 87 '4
86\
1(2 4 1 "3
103»8 10234
252I4252I4 25214 252S
153 4154
154 154'..
242 242 4 242 2424
2:.2',
12312 1231a
'185
...
•183
91
Tuesdaii
A'on.l6
86"% 87 Sb
10208 1020b
163
•
— Not
Price-,
;
1734
Fob
Jau
Apr
Feo
Nov
l^isFeb
Jau
3334
Mar
14
Feu
44 J'ly
Dec
3134 Jan
104 J'ly
27 4 Feb
17 Mar
33»».M»y
4
8
22
Dec
Jan
14 Dec
6 4 J'ly
61
J'ly
•75
Oct
1
9
1434
Feb
Mar
77 Mar
27g.Mar
kBeigrepay'tgtaMeas't«o«lleainl9U3. dfietorepay'lolattsestfutoaUediu 1904. •BidaudaskeO. :Nevr»tocK. rAss'tpaiO. {Cx-niiUts. a£x-dir. Aricbu/
,
5
Nov
—
JJ
1
Boston Bond Record.
19, 1904.]
BONDS
BOSTON STOCK EXCH'GE
WEEK K\DlNO Nov 18
iiS;
Am Bell Telephone 48 1908 JJ J
Am Tplep & Tel coll tr 4s. 1929 M-S
Atch cfc Nebraska 1st 78..19()8
AtcliTopA S Feseu!,'4s..iy0o
J'lyl995
Adjustment g4s
Boston Elect Light 1st 68.1908
1924
Consol 5s
1907
Boston & Lowell 48
1944
Boston & Maine 4^28
1905
Improvement 4s
Price
Week's
Range
tVidav
Nov 18
Range or
Since
95^3 Sale
A-O
Nov
M-S
M-S
109
9i'»8
96
Oct '04
110 110
10178 102 Hi 102
92"%
94
93
J-D
J
High
955e
-J
102^2
.
110
117
117
MS
....1927 M-S
48
FremtElk<feMoVl8t68..1933 A-O 138
1933 A-O 138
Unstamped Ist 6s
GtNor CB<fcQcoUtr4sl921 J-J
99
1921 Q-J
Registered48
99''4
Sep '04
Nov'IM
100 J'ne'Ol
129 «* Sep '04
117 14 Feb'03
80
79'a
100 Sep '04
107 Jan '04
Feb '04
100^4
105 J'ne'04
100 J'n6'u4
106 "4 Dec '02
99 Hi Oct '04
94 Sep '04
M
128
1291s
78
81
99Hj100
100>4 IOOI4
104
105
99I4 100
Tuesday
Nov. 14
Nov. 15
*834 85
10o4l0o7t
18
87
734
50
24'8
638
l'i4
lO^s
103i
,
84
1934
37
8
374
38»8
39
8
8
8I4
394
19 14
39I4
814
84
50
50
*49'8
504
24^6
26
2538
25I4
5OI4
2538
634
634
634
1278
1038
III4
60
25 4
64
638
254
64
12 4
lOSg
1238
1234
113.
104
114 12
374 38
864 87
10 14
4734
334
68
4o;'c
1736
38 14
*44
444
40 14 40I4
5834
5334
107
4
483e
4lie
68^
3934 40
8l3i«
17^8 18
3734 38Bie
4414 44 14
&
374
13
11
III4
3734
86 4 874
48 >4 49
414
44
661^4
689i9
40
40=6
9
813l8
18
19
40
584 58
IO6I4 107
4 58 14 584
4 1064 107 14
40
Rid
Inactive Stoclu
American Cement
10
Iron
684
37U16 38 14
44 '4 44 14
404 40 14
PHILADELPHIA
Amer
Ask
50
60
Sm Pow & Chem.50
Keystone Telephone ..50
Preferred
50
Key.stoneWatchCase.KiO
"47
63
1834
64
&
Steel. .5
Tidewater Steel
10
Pref erre<l
10
Unite<tN J RK<feC..l00
Unit Pow & Trans
25
United Trac Pitts
50
Preferred
50
"3"
394 40
4584
llU)
97=8
3
138
2
34
46 4
165
9778
4
14
24
4
278 4
"o"
WeHtiiioreland Coal. ..50
82
664
67
J-J
M-M
102 Mar'02
96 Nov'04
103 4 Nov'04
107 Feb'03
104 Nov*04
91
96
100
103»4
Nov'04
94
II214
M-N
F-A
M-S lOSTg
M-N 1024
,
112
105
Apr '03
1024 Oct '04
10134
1024
934103
12
102'g
87 14 J'ly '01
112 Sep '04
102»4
112
Weekly, Yearly
Range
for Year
for Previous
Year (1903)
1904
Sliares
Lowest
Highest
Lowest
100
239 57 4 Jan 5 84 Nov 14
50 1,185 71 J'ne 2 109 Nov 5
100 11,384
7
J'ne21 1934 Nov 14
100 6.'216 13»4 J'ne21 40 Nov 18
Do pref
United Ry & Blectric. 50 4,789
6*4 J'ne 1
9 Sep 28
Seaboard Air Line
Uighett
58 4 Dec 72 4 Jan
84 4 Oct 118 Jan
1034
Dec
28I4
20
8
Oct
Oct
45
Oct 31
Nov 18
Dec
1714N0V
4 Nov
13
Sep 19
tl3^4Novie
11
11
14
404 42 4
93I4
4834
Philndelphia
American Railways.... 50 1,028 43 J'ne 3
Cambria Steel
50 13,239 184May25
634 Consol Lake Superlort.lOO 6,120
4Mayl3
13
100 3,319
138Mayi3
Do pref.t
11 14 Electric Co of America 10 20,257
734 Feb 8
144 Gen A/jphalt interim ctls. 2;J62 64J'lyl5
Do pref interim
984 Lenigh Coal & Nav
44 4
ctfs.
50
50
414 47ie
100
44 41. MarsdenCo
43b
43l9
68I468I619
6838 68=8 Pennsylvania RR
68
68=16
50
4034 41
41
414 Philadelp'a Co (Pittsb) 50
404 41
8IB10
8lh«
9
8=8
Philadelphia
Electric.
25
8 .
8"ie
1734 18
1734 184
Phila Rapid Transit ... 50
18=8 18 '4
374 37 'e 374 3734 3734 38 4 Lieading
50
44I4
"434 4414
Do 1st pref
44
50
44
4uii6 4014
40
40
40 401 16
Do 2d pref
50
*5834 59
*584 59
Union Tracton
68 4 69
50
106
1073
10638
10678
United
Impt
Gas
50
1064107
'4
'19
21
WelsbachCo
100
9534
49 14
PHII^DELPHIA
49=,
Lehigh Valley
E ext 78
"903^
CouM
Con
iio"
P
Consol 6s 1923
J-D
Annuity 6«
J-D
Leh V Trac Ist 48 '29. J-D
Nat Asphalt 5s rects
New Con Gas 5s 1948 J-D
03 1930
Ph& No Ist 48 '39 J-J
Income 4s 1939... M.N
No Peiiu 1st 48 '36. .M-N
Deben Os 1905
M-S
Penn gen 6s r 1910.. Var
Consol 6s
1905. ..Var
Consol 5so 1919. ..Var
Penu <& Md Steel con 68.
Pa &
Y Can 78 '06. J-D
Con 5s 1939
A-O
Con 4s 1939
A.O
Penn Ht<>el Ist 58 '17
I'eoplc's Tr tr certs 48 '43
P Co Istcfe col tr 5s'49
109
U True Pit gen
10834
Welsbacli
85
86
59
61
114
1174 118
1244
146
is
s t
Mar 3
Mar 12
5
8
4s '21 .J-J
48'49J<feJ
5s '97 J -J
os 1930.J.D
<fe
Jan
28
716 45»4
81
1934
1034
10334
G-B-S Brewing
Mt Vernon Cot Duck
Unit Elec L& P pref. 50
12034 121
io'ti"'
16'_'
15:!
315
b5
340
100
100
67 4 70
7
8
8 '4
8
39 '4 40
10434
1054
"983^
99
Atl Coast L(Ct)ctfs 58 J-D
Ctls of Indebt 4s
J-J
Bait C Pass Ist 5s '11 M-N
96
m
ez-dividend.
1|
Ex-rlgbts.
t
$13 paid,
11 {34
M
MS
111
t
Sep «iiiB Keb
2734 Nov 40 4 Jan
4078 Sep 4734 Feb
76 Oct 1164Jan
20 Aug 31 -Mar
36
<fe
CoIcfeGrnvlst68.1916J-J
Consol Gas 6s... 1910 J-D
58
1939 J-D
Alalstcon 5s
'45 J-J
1244 GaCar&Nlst5sg'29J-J
Georgia P 1st 6s. ..'22 J-J
104
109 ill"
98 4 99
84 4 8r,
116 4
116
62
62 4
Ch Ist 7. ..1007 J-J
Allan C L RB4al952M-S
Refunding 3 48 1962J-J
Bait cfe P Ist 68
I'l 1 A-O
Bait Trac Ist 5s. .'29
N
No Bait Div 5s 1942 J-D
Convertible 5s. '06 M-N
Cent'l Rycon58l932 M-N
Extcfe Imp 68.1932
CIms City Ry 1 8t 68 '23 J -J
:i4iiia.Ian
Aug
Rid Ask
BALTIilIORE
Chas Ry G El 5s '99 M-S
90
91
Gatfe
l!.alt
114
Dec
Nov
5
734
1834
7834
4734
9
774 Charl C <fc A ext 5s. '09 J-J
2d 7s
1910 A-O
104 4
City & Sub 1st 58. .'22 J-D
125 4 126 4 Citycfe Sub(Was)lst5s'48 106
Anaco8tia<& PotSs
Fundg 5s. 1916 M-N
Exchange 3 4s 1930 J-J
Jan
Jan
Deo
Jan
Jan
Feb
Jan
1778Jau
-id
J'nelS
Jan
9Wi6Jan
4
Oct
2
21
2634
4034
IOI4
11
77
Fla...lOO
100
100
100
14 Sep
Nov
Novl5
52 4 Jan
Nov 36 J'ly
Aug Ti->i Feb
Nov 457g Jan
19
553g
19
Jan
Jan
14 14 Jan
64
34 4
35
Oct
Oct
Oct 13 22
Ask
Bonds
1144
t
SsDec
71i8 0Ct
Dec
1
17
43=8
9=8
Marl4 40l6ig Oct 20
Jan 2 59 Nov 4
May 16 1 0734 NovlO
Atl<fc
108
1
May2.'J
BALTL>U>KE
(ieorgia Sou
1st pref
2d pref
i::<
37»8Mayl7
'37 -J-J
Inactive Stocks
Atlanta & Charlotte .. 100
Atlan Coast Line RB 100
Atlan Coast L (Conn) 100
Canton Co
100
1144
MN
Lowest
Uu Rys Tr ctfs
9934 100
NY
MS
tr
9S4Novl8
49=8 Nov
4 4 Nov o
694 Oct 31
62 4 Jan 14
Feb 26
3334
278
6578
9,^29
Rid
Rochester Ry con 5s 1930
U Trac Ind jteu 5s'19.J-J
M
1,041
Terminal 6s g 1941. Q-F
W & B col
14 4 Nov 18
194Marl4 39 Oct
46 38 Mar 1 4414001
6sgl911....J-D
M 4s g '47. A-O
M of '82 4s
III4N0VI6
AuglO 444N0VI8
20
40»4
t 634
46,483
Ex Imp
44
M-N
Indianapolis Ky 4s. 1933
Interstate Rys
3-3 4-48 1943
F-A
Lehigh Nav 44s '14. Q-J
llHs 4s g
1914. Q-F
Gen
448 g. 1924. Q-F
Leh V C 1st OS g '33. .J-J
Leh V ext 4s 1st 1948.J-I)
M-S
2d 7s 1910
;i3,254
M
M
M
9.5
106
1st con 58 1932
1st 5s. '33
5s 1920
3,9(36
11,985
11,643
Phil Elec gold trust ctfs.
Trust certifs 48
P cfc E gep
5 g '20.A-O
Gen
48 g 1920.. Ac&O
Ph <fe Read 2d 5s '33. A-O
Con
J-D
7s 1911
1910 A-O
Atl City Ist 5s g '19. M-N
BaUs Ter Ist 5s 1926. J-D
7,025
10,374
15,500
15,488
PHILADELPHIA
Ask
Rid
1121,
H Trust Co. ctfs.
25=8
13
41054
10234
51
13
11
14
43
95
49
II2I4
7138 !-0^
10234
102
102 14 Sep '04
105 Is May'04
and asked.
Daily,
Range
100=81054
1094 10 1004118
8038 Sep '04
102=8
102^4 Sale
the
10141014
1204121
10318 103^
J'ly '04
1094 8316 108
J-J
J.J
J-J
100 '4 101^
104 14 104 14
684
\l\
R
97
MS
F-A
102410414
6»8
1234
13
Bid and asked prices; no galea on this dAy.
95
163»
10038 102 4
1031s Aug'04
F-A 103
'2434
101^4 102 -^
102 103
2 5 -8
N
64
1034.
MS
21
IOOI4 Nov'04
I04I4 J'ne'04
1014 J'ne'04
121
J-J
J-J
J-J
J-J
714
13
10241024
93
974
50
Newark Pass con
90
Warwick Iron* Steel. 10
West Jersey <fe 8eayh.50
*
"4'
10334
76 J-ne'O;;
102 4Ang'04
94
94 4
10238 Oct '04
103 Aug'04
103 Apr '04
106 ig Mar'03
lOOSg Nov'04
4934
2538
6=9
& Peo Tr stk tr ctfs
Elm & wa 1st 6s '10. J-J
Eq 11 Gas-L Ist g 68 1928
H & B Top con 58 '25 A-O
12
65
100 "»
F-A
J-D
F-A
5818
6^8
2638
Elec
1914
100^8 lOO'^e
118
118
24^4
1638
60
11
11=8
E & A Ist M
J-J
J-J
1004, 10134
120 14 122
253b
13 14
Ry
94Vi Salt
964
924
106 14 108 1«
50
<fe
i28
'.%
2434
1638
1241,
1024104
'04
9
13
384 414
87 4 92
484 49 4
193.
117
92
81
834
ConTracof N J
50
Susqueh iron
60
24'4 Sale
lasg Salt
1281s
lOOSg
1074 110
9
814
Col St
Little Schuylkill
Pennsylvania Salt
50
Pennsylvania Steel. .100
Prelen-ed
100
Phila Co (Pitts) pref... 50
Phil German & Norris.50
Phila Tract ion
50
Railways (General
10
8i«
105
19 4
'04
Week
Stocks see below)
<fe
u
N
*81
105 105 4
19 14 1938
39
39
EBrw Ist 68'21 J-J
Bethle Steel 68 1998. Q-F
Che& D Can 1st 58 '16 J-J
Choc Me let 58 1949 J-J
Ch Ok G gen 5s '19 J-J
774
J-J
J'ly
Baltimore
82 Consolidated Gas
1054 Northern Central
Bergcfe
10
Mlnehill & Schuyl H..50
Nesquelioniiig
50
Haven Iron <fe Steel.
North Pennsylvania. .50
Penn Gas Coal
oO
39=8
fYtday
Nov. 18
Bonds
Brothers
lilt
Thursday
Nov. 17
4 Oct
99
9334 100 1«
100 1064 10614 Nov'04
100 Is Sale lOOig lOOH,
1204 Sep '04
102 J'ne'03
118 May'04
71
74
71^8 Nov'04
J-J
J-J
A-O
A-O
A-O
Sales
or
128
97
102
price Friday; latest bid
f /Tw Bonds and Inactive
AmRy8Conv5s 1911.J-D 1034
Central Coal <fe Coke. 100
Preferred
100
Consol Trac Pitts
60
Preferred
50
Danville Bessemer... 14
Diamond State Steel..
Preferred
Easton Con Electric... 50
Klec Storage Batt
100
Preferred
100
German town Pass
50
Harrison Bros pref. ..100
Indianapolis St
100
1934
Al Val
738
Steel.. ..60
Bell Telephone
Cambria Iron
Inter
106
1934
No
ACTITE STOCKS
814
81
106
193.
8^4 8i3ie
107
83
19
39l8
1739
38iiB
83
Wednesday
Nov. 16
18'8
37^8
36
86 4 864
*48
484
€8iii9
SOSf
84
10541054 1054106
A-O
Exchanges— Stock Record,
Share Prices—Not Per Centum Prices
Monday
-
96
128i8J'iie'04
If.
100 H2 100% Oct
Minne Gen Elec con g 58 1929 J-J
New Eng Cot Yarn 5s 1929 FA
1906 A-O
New Eng TelepU Bs
1907 A-O
6s
1908 A-O
6s
1915 A-O
»
5s
Boston Bonds.
Low JiigK
Ilioh
MS
NY&N Eng 1st 78
all
Since
J-D 1074
1084 Nov'04
M-N 124
124
1244
M-S
97 Sale
97
97
914 Nov'04
&C
id grist 78... 1905
Maine Cent cons Ist 78.. .1912
1912
Cons Ist 4s
Mara Hough <fc Ont 1st 68. 1926
Mexican Central cons 4s. .1911
Jan 1939
1st cons inc 33
Jan 1939
'2d cons inc 3s
Mioh Telep cons 5s tr rec.1929
Range
January 1
Oct '04
100
99
100
A-O
A-O
LB<feFtSm
purchase price for
Philadelphia and Baltimore Stock
N<n>.ri
J-J
A-O
M
112 113
100 S4 102
99
9934
Ask Low
Bid
1910
niinols Steel deben 5s
Non-conveitdeben 5s-..1913
la Falls & Sioux C 1st 7s.. 1017
Kan C Clincfe Spr 1st 58. -.192.'")
Kan C Ft S cfe Gulf 1st 78.-1908
68-. ..1928
Kan C Ft Scott <fe
1934
KanCMife B gen 4s
1934
Assented income 5s
Kan C <fe Ry & Br 1st 5sl929
B Ist 7s. .1907
Kan est Jo
RR&
NOTK— Buyer pays accrued interest in addition to the
Saturday
fVidav
Nov 18
1905
98V2 994
1906
lst6s
1924
Old Colony gold 48
90H 94
Oreg Ry & Nav con g 48.. 1946
107 Ha 107 H;
1922
105^109
Oreg Sh Line Ist g 68
99 Vj 100
97 100
Repub Valley Ist s f 6s... 1919
125 Hj J'ly'04
124»4 125 Ha Rutland l8t con gen 4I2S.I941
123 Hj Apr '04
12312124112
Rutland-Canadian Ist 481949
10534 Nov'04
100 108
Savannah Elec 1st cons 5s.] 952
108 Nov'04
1930
IO519IO8
Seattle Elec Ist g 5s
10914 Mar'02
1918
Torrington 1st g 58
11214 Jan '03
lgrg43.1947
Union Pac
100 Oct '04
1911
100 lOlHi
Ist lien conv 4s
9934 Oct '04
95 100
U nited Fruit conv gen 5a. 191
IO5I2IO9
107 >a 107 "a
US Steel Corp 10-60 yr 58.1963
104 Oct '04
103'4 104^8 West End Street Ry 48
1916
102 Hz Apr '04
102 »a 103
1914
Gold 4138
IIIJ4 May'02
1916
Gold debenture 48
137 Hi Aug'04
137 1871-2
1917
Gold 4s
137 Feb '04
137 137
Western Teleph & Tel 68.1932
9938 99
99*4 310 90
99»4 Wisconsin Cent 1st gen 4sl949
90»9 97i« Wisconsin Valley Ist 78.. 1909
97% Nov'04
-
W
9739 102=8
110
100^4
.
110
110 Feb '04
104 S2 Apr '00
117 Feb '04
99^8 Jan '02
112 14
1918 J1918 J-J 100 >^
Non-exempt 68
9919.
1910 J-J
Sinking fund 4s
1917 A-0
Butte & Boston Ist 6s
Cedar Rap <fe Mo B l8t 7s. 1916 NI-N I2918
1909 J-D 113
2d 78
80 Sale
Cent Vermt Ist g 4s.. May 1920 Q-F
Chic Burl & Q extend 4s. 1906 J-J
1919 A-O
Iowa Div 1st 5s
1919 A-O
lowaDiv l8t48
1913 M-N
Debenture 58
1922 F-A
Denver Exten 4s
1927 NI-N
Nebraska Exten 4s
1921 M-S
98
B ASW8t48
1949 J-J
imnoisr>iv3>28
Joint bonds See Gt Northern
Chic Jc Ry & Stk Yds 58 .1915 J-J 107 108
Coll trust refunding g 481940 A-O
99't 99 "2
ChMUA St P Dub D 68--1920 J-J 125
Ch M <fe St P Wis V div 681920 J J 124'^
Chic & No Mich Ist gn 58-1931 M-N 105 4 107 S2
ChlC& WMlch gen 58.. -.1921 J-D 108
Concord cfe Mont cons 48. .1920 J -D
Conndt Pass R Ist g 4s. ..1943 A-O
1927 A-O 100
Current River 1st 5s
1st 48... 1946 A-O
98 100
DetGr Rap<fi;
1913
107 108
Dominion Coal 1st 68
1906 M-S lOS"*
Eastern Ist gold6«
1915 M-S
Fltcliburg48
109
97i->
97
101 Mar'03
112V2 Jan '03
112»8 Oct '04
es
100
9734
8HI4
87
F-A
1
Week's
Range or
Last Sale
Price
BOSTON STOCK EXCH'GE
Week Ending Nov 18
Low High
93 Vj
Bost & Mon ;M issue 7s... 1904 M-N
Boston Terminal l8t3'2S.1947 F.A
2195
BONDS
January
Last Sale
Bid
Ask Low
99 12
99 Va
-
Bnr&MoRivex
1
...
CiaSo & Fla 1st 5s 1945J-J
G-B-S Brew 3-4s 1951M-S
2d income 58 1951 M-N
Knoxv Trac 1st 5s '28A-0
LakeK El 1st gu5s'42M.S
MetSl(Wasli)lst5s'25FA
Mt Ver Cot Duck 1st 5s.
Incomes
N pt N&O P Ist 58'38 M.N
General 5s
1941 M-S
Norfolk St 1st 5s '44.. J-J
North Cent 4 4s 1925 A-O
J-J
63 1904
J-J
Series A 5s 1926
1 -J
Series B 58 1926
Pitt Un Trac 5s 1997. J-J
I'oto Val 1st 5s 1941.. J -J
Sec .W T(Pitts) 5s '34 J-D
Sav FlaiViWest 5s '34 A-O
soaboani A 1. 4s 1950 A-O
Seal) & Uoan 5s 1926. J-J
.South Bound 1st 58. .A-O
U El Life P Ist 4 4s'29 .M-N
Un Rycfe Ell8l4s'49 M-S
J-D
Income 48 1949
Vii Mhl Ist 6s 1906. .M-S
2d series 6s 1911. ..M-S
3d series 6s 1916. .M-S
1114
112
1114 112
114 4 115 4
55
554
26
264
734
28 4
108
*
I'JO
119
85',
924
474
1124
Isl Og'l 1 J-J
5s. .1935. J-J
112 4
(
Wil
A
Weld
85
4
91"""
4th Her 3-4-58 1921. M-8
5th series 5s 1926. M-H
Vn (.state) 3s now '32. J-J
Fuiiddebt2 38 1991.JJ
We»t N C c*>n 68 1914 J-J
Wes Va &V
2334
99
11.1^4
90
'4
"!I24
4734
•
6738
Hoorganuatlon certUioates $3 assessment paid.
iio"
THE CHRONICLE
i»19r)
Iwuestmmt
[Vol. lxxix.
ixnA ^ailr0atl Intelligence.
RAILROAD GROSS EARNINGS.
^^."7^ '''^ ^'°^^ earnings of every Steam railroad from which regular weekly or monthly returns
..n
nhfilnY-^^^^-f
'''r
can ho
be obtained,
x he
first two columns of figures give the gross
earnings for the latest week or month, and the
twa
«' ^^\^ permd from .luly I to and including such latest week or month.
add a supplementeT?
«f"Jjir«nl /.T."'T
*^®
°^ ^^""^^ ^°*<^^ ^^«^® fiscal year does not begin with July, but covers
t^r^^^ ^-n^'^T
period.
of the street railways are brought together sepuraielu on a
1 he returns ^f,f
>mbsequent page
y^ ^^^
Latest Grots Kantinys
ROADS
Wetk
or Month
AlaQt Soutbcrc.
1st
Ala
t'acillc.
N O & Xexa.'N O No Knat.
Ala& Vlckab't?
Ourrent
Year
wkNcY
October..
October...
Vioksb SU <fe P. October..
Allegheny Valley S ptember
Ann Arbor...
2d wk Not
July
Previous
Year
1
to
Current
Year
Latest Date
56,443 1,128,708
1,092,68';
Week
or
M 8t P A
8 St M. let
126,bt)t<
J
Current
Year
Previous
Year
i
%
wbNov
II
V
1
to
Cur rent
1
ear
Laust
Date.
Previous
Year
219,221
100.989 3,148,457 2,919,750
C. Wk Oct. 29
i0,33S
8,156
152,332
122,119
.Mobile & Ohio... let wkNov
143,055 146.575 2,S93,00!I 2.7'24.673
Nash Ch <fe Ht L.. 2d wk Nov 197,530 192,116 3,842,97s 3,7ll.98(>
{Nat'l RRof Mex let wkNov
205,701 202,563 3,859,583 3,866,105
Nev-Cal-Oregon October..
25,538
23,973
90,099
81,252
Nevada Central.. Aug net
2.323
3,832
4,009
6,7 JS
N Y C & Had Rlv October 7.170,818 7,166.763 23,192,240 23,165,008
N Y Ont & West. SKpremoe
594.449 602,800 1,943.825 1,966,'»87
NYSueqA West ~^eptenber 208,305 214,809 000,076 697,62i>
Norfolk & West'n September 2,012,635 1,883,661 5,783,793 5,754,475
Northern Central September 935,719 879,319 2,693,270 2,721,370
North'n Pacific. October.
5,352,011 5,243,537 18,491,352 18,182,125
Ohio Rlv& West.. September
20,795
20,420
58,483
58.233
PacLilc Coast Co September
559.303 .538.081 1,774.808 1,605,797
ePenn— EastP&lJSeptember 10383050 1068O750 30,169,643 32,717,443
eWest P & E
iepteaiber
Otc. 13 9,700
t'ec. 79 9,100
Pere Marquette.. 2d wk Nov 200.194 218,710 5,131,638 4,535,991
PhllaBalt&W'sh September 1,202,S90 1,228,590 3.020.395 3,570,395
Phlla <fe Erie..
September 705.475 682, ls8 2,194,531 2,238,614
Pittsb C C & St 1. September 2,140,584 2,232,723 6,133,524 0,619,31*
Ralelch <fe O Fear October
4.350
15,921
Reading Railway September 2,817,873 2,922,121 8,434.069 9,120,422
Coal&IrOo
September 1,971,823 2,121,0121 6,590.973 7,997,560
Total Both Cos Sep ember 4,789,090 5,043,133 15,025,042 17,123,98'2
Rich Fr'ksb &, P September 104,800 110,27
343,735
341,977
Rio Grande Jet.. Ausust
46,256
53,973
89,18e
104,930
Kio Grande 8o... Ist wkNov
10,207
0,45
164,833
175,504
Rocklel'd Sys.. September 4,117,881 4,390,597 11.048,094 12,741,038
Rutland RR
aepteuil>er
232,345 232,068
720,734
709,223
St JoSifeGrl
September 110,804 122,303
343,711
350,443
St L <fe San Fran (j eptember 3,535,143 3,191,717 9,731,381 0,'274.87d
St L Southwest .. -d wk Nov
199,70
171,718 3,427.426 2,859,268
StLVan&TH.. October... 348.737 227,812 1,267,283 877,353
Seaboard Air L. September 1,117,223 987,084 3,103,23? 2,908.963
Southern Ind
October.
129,975
470,25'.'
118,590
443,562
SoPaclUcCoft... September 8,I30,P51 8.266.070 23.040,s8b 23,899.562
Southern Rallw'v 1st WkNov 953,217 893,959 17,3S9,020 16,231,209
TerreH&Ind..'. October... 208,391 i:00.7o3
788,8^
700,848
Terre H & Peor.. October...
54,2a9
00,933
230,654
227,099
Texas Centra! . let wkNov
25,085
23,843
297.771
250,713
Texas & Pacific. 24 wk Nov 318,252 30-.194 4,60'2.60i 4,359.202
TexS V
W .. October...
17,800
17,100
56.20
51,200
Tol <fc Ohio Cent 2d wk Nov
74,91.' l,03s,075 1,517.346
77.249
Tol P & West .... 1st wkNov
20,438
21,053
470,522
473.833
TolStLdE
Ist wkXov
70,090
57.55
1,399,395 1,200.160
Tor Ham & Butt. 4th wkOct
19,598
18.014
222,149
•-09,267
Un Pac System September 5,427,858 5,182.844 14,905,551 14,306,084
Virginia & So W'n September
49,009
68.20s
147,192
ls7,151
Wabash
2d wk Nov 443,117 434,300 10,614,835 9,431,323
Jersey & Sea'e September 445,008 439. s03 1.740,039 l,7'o0,639
Wheel &
2d w k Nov
92,671
83,521 1,750,3.)7 1,815,572
Wm'sport&N.Br. Septembei
14,227
14.«83
.50,533
52,167
Wisconsin Cent.. 2d WkNov 137,000 110.59s 2.684,793 2,683.877
Wrightsv & T'n.. September
21,815
15,918
45,871
38,586
Yazoo <fr MisB. V. Ootot)er
796,076 730.330 2,542,053 2.377.223
Mob Jack & K
223,355
Month
228,490
803,150
832.116
121,882
439,651
393.130
129,518 134.670
454,7a4
453,710
Dec 70,342
/'^'' 349,593
38.070
35,007
741.4451
775,382
AtchTop&S Fe. September 0,1.50,340 5,870,813 16,343.511 16,852.139
Atlanta & C'liar. Angust...
301,132 275,959
018.417
536,221
Atlantic <feBtr.. September
88,902
55,923
245,094
162,721
Atl Coast Line.. September 1,729,005 1,533,410 4,058.748 4,308,671
Bait <fe Ann S X^. Septf'mber
14,047
13,004
41,508
41,261
BaltA Ohio
Otcober
6,181,073 6,024.426 23,374.728 23,900,409
BanRor & Aroosl September 192.443 183,226
522,271
512,200
Bellelonte Ceut'l October..
5,381
7,371
16,003
25,328
BrldRt ASaco K. September
4,576
3,808
13.791
13,034
ButtRooli& t-titt. 2d wk Nov 172,223 150,213 3,203,190 3,187,593
Buttalo ASusq... Soptembfr
101.853
89.500
278.410
246,726
Cal&Northw'n. Ootobtr.
157,385 143,609
054.935
001,740
Canadian North.. 1st wkNov
98,100
81,200 1,401,900 1.191,700
Canadian Facliic l8t wkNov 1,122,000 1,014,000 18,940,947 17,512.704
Cent'l of Georgia let w)iNo\
239,020 221,300 3,740,201 3,304,040
Cent'l of N Jersey September 1,834,750 1,770,853 5,735.979 5,64:0,700
Chattan Soutli'n. Ist wkNov
2 267
2,407
50.493
39,445
Chesap & Ohio... September 1.718;890 1,572,707 5,210,175 4,789,374
Chlo& Alton Ry. September 1,268,158 1,073,534 3,408.362 3,073,007
Chlo Gt Western. i8»- wkNov
159,176 169,869 2,758,236 3,100,9^'4
ChlcInd&L'v... 1st wkNo\
109,706 102,855 2,098,235 2,090.2.54
Cbio Mllw & 8t F September 4,690,137 4,418,733 12,897,411 12.756,337
Chic & North
September 5,380,624 5,133,331 14,940.714
Chlo St
&0. Soptembei 1,220,995 1,100,011 3,046,518 14,743,479
3,068,100
Chlo Term Tr RR 2d wk Nov
31,310
33,000
601,775
635.488
Cln N O & T Pao. tst wkNov 133.048 121,587 2,612,735 2,480.329
CI Cln Ch &. 8t L. September ,150.490 1,905,118 6,040,678 5,820,008
Peoria <fe East'n September 261,521 300,831
755,303
782.008
Colorado <fe South Ist wkNov
137.435 131,04
2,205,643 2.419,452
ColNewb <feLau. Stpremoer
19,441
19,520
51,325
53,340
Copper Range.. August ..
67,254
45,678
123,744
101,039
Cornwall
September
5,059
6,459
16,909
26,730
Cornwall <k Leb September
19.929
18,697
58,017
82,430
Deny. & Rio Gr. 2d wk Nov 340,900 310,900 6,632,215 7,054,181
Det <fe Mackinac September
79,904
82,905
250,684
246.422
Detroit Southern. let whNov
31,08!)
33,892
537,317
636,341
DulSoBh&Atl.. Ist wkNov
58,027
47,385 1,005,329 1,068,746
Erie
September 4,024,0211 4.224.844 12,05M,347 13,108,090
F'rchild&N'r'e'r September
2,281
1,725
7,871
7,511
Farmv& Powhat August
8,702
7,094
16,689
18,101
Ft
Den V City September 213,907 229,940
596.955
752,000
Georgia RR
Septtmber 220,204 198,575
588,480
553,431
Ga South* Fla.. October... 152,392 153,744
563,930
502,300
QilaValG A: N.. September
48,521
Qr Trunk Systeuj 4th wkOct 1,031,940 1,099,961 12,478,695 12,891,114
GrTr. West'n 4th wkOcl 102,351 200,470 1,677,959 1,949,454
DetGrH&M.. 4th wkOot
32,036
39,258
538,548
484,769
Great Northern. October.. 4,599,486 4,823,922 15.245,309 15,842,107
Montana Cent'J October
217,831
183,050
780,409
741,510
Total system. October. .. 4,817,317 5,000,972 16.025,718 16.583,617
Gulf & Shi plsland Ist WkNov
38,890
30,077
662,828
675,179 VABIOUS FISCAL YEAES
Hooking Valley. 2a wk Nov 121,404 117.279 2.515,718 2,516,937
Illinois Central. uctober... 4,496,917 4,357,333 10,857,015
16,154,601 Allegheny Valley
Jan.
Illiuoie Southerr October...
24,654
20,120
99,074
64,165 Atlanta & Chart Air Line
Mar.
Ind 111 & Iowa
September 143,606 125,801
391,956
369,848 Atlantic* Birmingham
Dec.
Int & Gt North'ij 2d wk Nov
151,243 148,772 2,464,645 2,305,048 Bellelonte Central
Jan.
Jlnteroc(Mex)... 1st WkNov
125,690 111,921 2,042,120 1,941,014 Chic St P Minn & Omaha. .. Jan.
Iowa Central
2d wk Nov
53,799
55.030
987,389
932,131 International &Gt North'n.. Jan.
Kanawha & Micl 2d wk Nov
31,611
32,345
075,558
644, 193 Lake Erie & Western
Jan.
Kan City South'u September 643,341 522,731 1,539,313
1,534,033 Manistee & North Eastern.. Jan.
LakeErie&Westi) October
447,190 482,303 1,793,575 1,925.980 Manistique
Jan.
Uihlgh Val RR. September 2,510,869 2,703,053 7,477,733 8,187,589 Maryland
& Pennsylvania.. Mar.
Lexins <fe East'n ••St-piember
39,218
50,904
117,467
155,049 Mexican International
Jan.
Long Island
September
Inc. 11,51'.
Inc. 55, 314
{Mexican Railway
Jan.
Louisiana & Ark September
69.70'
51,892
195,708
160.761 {Mexican Southern
Jan.
Louisv <fe Nashv. let WkNov 777,.S50 738,210 13,513,246 13,319,626 Missouri Pacitic
Jan.
Macon & Blrm... October...
15,148
16,444
47,561
48,202
Central Branch
Jan.
Man'teei&tJr. lii'p September
8.064
7,708
24,181
26,432
Total
Ian.
Manis & No Eae August ..
36,609
34,753
70,941
64,439 (National RR of Mexico..
Jan.
Manistique
(Jotober...
9.698
3,957
36,457
29,323 Northern Central
Jan.
Maryl'd & Penn.. September
33,713
32,536
89,328
93,367 ePennsy., East of P & E..
Jan.
{Mexican Cent'l.. September 1,921,422 2,020,340 5,988,132 6,070.003
cWestof
Jan.
{.Mexican litem. September 475,7»1
539,705 1,597,058 1,619,454 Pere Marquette
Jan.
(Mexican Ry
Wk Oct 29 122,000 118,500 1,914,800 1,803,200 Phila Baltimore & Wash. Jan.
{Mexican Souih'i, 4th wliOo)
38.1s7
35,469
330.253
352,320 Philadelphia & Erie
Jan.
Millen <v: So'w'ii. September
7,974
4,909
20,659
12,020 Pitts Cin Chic & St I>ouis.
J.an.
Mineral Range. let wkNov
14,638
11,694
251.717
212,378 Rio Grande Junction
'Deo
Minneap »fe St 1- d wk Nov
61,526
64.355 1,206,191 1,207,955 St L Vandalia & Terre H .. ..Inov.
Mo Kan <& Texiu 2a wk Nov 478,639 437.322 8,134,851 7,181,029 Terre Haute & Indiauap
JKov.
MoPac&lronMi 2d wk Nov. 776,000 793,000 16,502,334 16.406,528
Terre Haute <fc Peoria
Nov.
Central Brand. 2d wk No\
24,000
33,000
654.000
701,000 Texas
Pacilic
Jan.
Total
il wk Nov
800,000 820,000 17.150,334 17,107,528 West Jersey & Seashore
Jan.
»fe
w^oSer
Latest Gross harnin'js
BOADS
Previous
Year
S
57,693
iS
We
.
.
.
.
PM
W
.
.
.
&N
W
W&
.
W
. .
LE
Oct. 31
Sept. 30
45.518
62,454
8,026,554 8,665,178
Nov. 14 4,870,082 4,917,608
Oct. 31 4,118,804 4,373,725
Aug. 31
287,25
252,431
Oct 31
72,419
59,003
Sept 30
189,390
195,993
Sept 30 5,158,665 5,340,007
Oct 29 4,953,700 4,542.700
991,151
Oct 31
804,060
Nov, 14 36,055,955 35,928,010
14
Nov.
1.459.000 1,303,000
Nov. 14 37.514,955 37.231.010
Nov.
9,759,051 9,613,485
Sept 30 7,571,864 7,761,564
Sept 30 80,865,419 92,872,719
Sept 30
Dec. 2,1 "4.200
Nov. 14 10,404,201 9.827,019
Sept 30 10,193,100 10,194,406
Sept 30 5,605,197 5,846,620
Sept 30 17,751,083 18.500.162
Aug. 31
397,075
421.612
«»ot. 31
2,990,869 2,466,421
Oct 31 2,1*20,469 2,028,228
Oct 31
032,924
629,647
Nov. 14 10,039,396 9.944,724
Sept. 30 3,522,091 3,491,491
P&E
<Sfc
'
AGGUliG-VTES OF CKOSS
3d week Aug. (46 roads)
4th week Aug. (.52 roads).
week Sept.
2d week Sept.
3rt
week Sept.
Itli week Sept.
Isi week Oct
2(1 week Oct
3(1 week Oct
lih week Oct
isi week Nov.
2d week Nov.
l.'st
{
(50 roadf").
(50 roads).
(49 road.'*).
(51 roads).
(46 roads)
(40 roads).
(47 roads).
(4.) roads).
(43 roads).
(20 roads)
Mexican currency,
operated,
^Current Year PreviousYar
8,007 ,235
14,017, ,039
3,934, ,309
9,593, ,304
9,077, ,9so
12,845, 791
9,273, 4 7 -J
9,542, 745
10,120, 2,S.^
14,297, 971
8,041, 43-..
4,011, 451
8.477,839
12,810,025
8,503,7j<;^
I
P.C.
+ 129.396
+ 1,207.014
+ 370,530
9-42
4-33
9,017,197
8,928,59:;
12,280.423
8,70s, <);)
EARN XGS— Weekly and
Inc. or Dec.
I
S,902,024
9.209.091
13,9,ss.402
7,931.910
3,310,358
1-53
MONTHLY SUMMARIES
Month Nov. 1903 (129
Month Dec. 1903 (123
Mouth Jan. 1904 (127
+ 5,sl.l«i7
44 iMonth Feb. 1 904 (129
8-39 Mouth ftlar. 1904 (125
4-00 Month Apr. 1904 (127
+ 504,4 si 0-43 Jlouih May 1901 (123
IMouth June 1904
-t 040,721 7-20
03
857,191 9-25 Month July 1904 (125
+ 309,50!i 2-21 Mouth -Vu.g. 1904 (122
+709,522 8-94 M. nth Sept. 1904 (124
+ 201,093 5-28 MoutU Oct 1904 ( 67
+ 749.3S;
+ 505.3(i>-
(
1
-,
.
b Includes the
g Includes the Chicago
<b
Hous A Tex. Cent and
Eastern
Illinois in
its eubaid. liues in
both years.
Montlily.
Current Year PreviousYar
rds.) 140.922
rds.) 130.551
rds.) 121.307
P.C.
Inc. or Dee.
833 135,195,056 + 5.72/ ,777 4 24
S34 131,140,421 + 5.405 ,413 412
020 127,0s3,5S2 -5,770 .502 4-55
113,445 ,S89 115,443,815
33,21 ,211 133,294,034
ids) 132,433 .290 136,783,131'
rd-o.) 130,935 013 134,6(>(i,380
rds.) 113,351 4911 114,280,175
rds.) 132,242 621 139,712,599
rd.s.) 145,292, 493 144,553,473
rds.) 151,475 024 147.338,530
rds.)
00,390, 1011 03,939.889
rds-.)
rds.)
Previous
Year
Sept 30
Dec. $5 3.958
Aug. 31 $1,767,931 $1,597,718
Sept^ 30
643,822
.
WEEKLY SUMMARIES
Current
Year
Period
;
— 75 823 00
—4.349 ,819 3 IS
-3,724 ,773 2 77
—928 ,084
81
—7,409 9~S 5 35
+734 020 0-51
+4,130, 488|2-8l
+ 2,450 272'3»3
I
I
both years aad for botu periods.
+2,997, ,074 2-00
e
Covers lines directly
—
. .. ..
Nov.
THE CHRONICLE.
19. 1904. J
Latest Gross Earnings by Weeks.— In the table whioh
oUows we sum up separately the earnings for the second
wenk of NoTember, The table covers 20 roads and chows
6'28 per cent increase in the aggregate over the same week
laBt year.
2d week of Novimher.
Ann Arbor
1904.
s
38,070
172,223
31.310
340.900
121,404
161,243
53,799
A Pltrrsb'k'
Bnffalo Rooh.
Ohio. Term. Transfer....
Denver A Rio Grande
Hooking Valley
International <& Ot.No..
Iowa Central
Eanawna <h Miom«ran.
—
first
1,760
3,810,366
of
November onr
$
4.12S
3,471
1,231
734
2,829
41,317
"17.606
9,000
6,420
41,484
27,9810.0^8
13,817
9,150
20,402
233,637
201,093
final
32,644
Prevlonsly rep'd .22r'dB.
Ot. Bonthem..
Oentrai ot Geoma
Alabama
Chattanooga soathem.
Chicago ureat Western
Ohio. Ind'pUs
&
Lonlsv..
Chicago Term. Transfer.
Oln. N. 0. A Texas Pac.
Colorado A Bonthem....
Detroit
Soathem
Oolath 80. Shore A Atl..
Oolt A BhlD Island
Interooeanio (Mex.)
Loolsyllle
A
Nashville..
Mineral Range
Minn. St. P. AS. Ste.M..
Mobile A Ohio
National RR. of Mexico.
Rio Grande Sonthern. ..
Bonthem Railway
......
Texas Central
Toledo Peoria A West'n
Total (48 roads)
Net inorease (8-94
1904.
1908.
Inerease,
9
S
6,148,717
67.693
239,020
2,267
159,176
109,706
31,16e
133,048
137,436
81.089
68.027
38,890
125,696
10,207
958,217
35,68^
20,438
4,821,163
56,443
221,300
2,407
169,869
102.855
33.060
121,687
131,647
33.892
47.885
36,677
111,921
788,210
11.694
196,989
146.578
202,863
6,458
893,95S
23.84
21,053
8,641.432
7,931,910
777,350
14.638
319,221
143,066
206,701
p. c).
9
630,023
1,260
17,720
9
2,468
••.. --.
10,693
210
6,861
1.894
11,461
6,788
2.8*03
10.648
2,213
13,776
39.140
2,944
22,23^
Gi'oss
Year.
>
Year.
3.620
2,838
3,749
69,258
1,842
615
781,725
709.622
22,203
Net Eurninga.
Previous
Current
Year.
Year
.
$
$
$
$
Alabama Great Sonthem— See under Southern Ry. System below.
Allegheny Valley.. Sept
Dec. 70.342
Dec. 38,646
Jan. 1 to Sept 3u
Deo. 573,968
Deo. 731,224
Ann Arbor, b
88.995
172,838
59,809
Sept
157,900
July 1 to Sept 30...
168,272
163,849
489,708
535,517
AtCh.T.AB. Feb Sept 6,156.340 6,870,813 t2,598,152 t2,489,l 12
July 1 to Sept 3t>.... 16,343,611 16,852,139 t6,868,891 16,604,050
Roads.
Atl'ta A Char. A. L.a Aug.
801.132
275.959
July 1 to Aug. jl
618,417
686,221
Atlantic A Blr.RR aSept
88,902
55,923
July 1 to Sept 30
162,721
245,094
Atlant Coast La.. Sept 1.729,665 1,633.416
July 1 to Sept 3u... 4,658,748 4,308,671
Baltimore A Annapolis
Short Llne.a
Sept
14,047
13.004
July 1 to Sept. 3o ..
41,668
41,261
Bait. A Ohio Co. b Oct
6,181,073 6,024.426
July 1 to Oct SI
5-3,374,728 23,906,409
Bangor AAroonrkt Sept
192,443
183,226
July 1 to Sept 3o....
622,271
612.200
SellefonteCentr't bOot
5,381
7,371
Jan. 1 to Oct 31
45,618
62,454
Boston A Albany b—
July 1 to Sept 30
2,705,091 2,737,792
Boston A Malnt .b.—
July 1 to Sept 30
9,908,861 9,839,614
Boston Rev.B Ahynnb—
July 1 to Sept 30
234,082
220,337
Brldgt. A Saco K. b. Sept
4,676
3.808
July 1 to Sept oo
13,791
13,034
Butt. R. APlttDB.bSept
788,634
707,342
July 1 to Sept 3u
2,12a,045 2,177,001
Year.
Year.
Roads.
$
BuflaloAB'sqneh-a.Sept
101,853
89,600
July 1 to Sept 30
278,410
246,726
California A N W.a Sept
169,069
147,128
July 1 to Sept 30
497,650
458.077
Canadian Northern. Sept
292,700
270.800
899,300
July 1 to Sept 30....
776,400
Canadian Pacific. a Sept 4.220.876 3,937,002
July 1 to Sept 30.... 13,093,947 12,010.500
925,168
Cent, of Qeorsrla.a. Sept
782,683
July 1 to Sept 30
2,896,812 2,183,346
Central New Eng. b.—
278.467
July 1 to Sept 30....
214,762
Cent.of N. Jeremy. b.Sept 1.834,750 1,770.853
July 1 to Sept 30
6,735,979 6,640,700
Chatt'n'ga Bouth.aSept
9,876
9,739
37,411
July 1 to Sept 3<>....
30,319
Ohio.
h.. Sept 1,718,890 1,572.707
Chesap. A
July 1 to Sept 30.... 6,210,175 4.789,374
Ohloago A Alton .a.Sept 1.268,158 1,073,534
.
8,408,362 3,073,607
July 1 to Sept 30
712,557
Ohio. Gt.WesT'n.b. Sept
749.399
1,866,466 2,160,822
July 1 to Sept ;io
514,864
Chlo.Ind.AIioalB.aSept
603,239
July 1 to Sept 80 ... 1,483,740 1,477,760
Ohio. M.ASt.P.a. Sept 4,690,137 4,418,733
July 1 to Sept 3o.... 12,897,411 12,756.337
139.892
ChlO.Ter.Transr.bSept
132,888
399,884
421,709
July 1 to Sept 30....
—
Net Earnings.-^—
Current
Previoui
Year.
35.440
42,406
111.072
87.056
53,397
49,890
167,481
163,173
96,200
91,100
286,800
262,000
1,268.808 1,202,266
4.246,390 3,954,896
294,686
191,418
656,373
396,197
18,529
898.432
PeorlaA£a8'n..bSept
58,180
749,880
2,7«8,817
2,618,303
def.628
9,272
2,093
669,002
526,009
2,018,542 1,729,883
607,200
400,222
1,277,^47 1,102,249
257,984
220,114
def.2,077
563.495
214,857
594.865
606,786
212,203
621,316
1.824,459
4,714,276
48,362
137,095
1,589,694
4,684,620
59,019
177,774
below.
619,078
1,734,283
71,768
192,236
d1 52,828
8y.
Oi.Oln.Ohl. ASt.L.bSept 2,l.';o,496
6,040,678
July 1 to SeptSo
Year.
System
1,965,118
703.687
5,826,668 1,930,4s
300,831
70.537
782,668
194,658
261,521
766,363
538.695
569,727 dl68,360
(3olor'do ABouth.b Sept
July Ito Sept So.... 1.612,824 1,664.174 d458,002 d486,848
19.441
19,620
Colum.Newb.A b.b.Sept
4,310
8.016
51,325
53.340
12.534
July 1 to Sept3o....
21,040
67,264
45.878
34,887
Copper Range a ...Aug.
22,699
123,744
101.639
63,399
July 1 to Aug. 31....
54,675
6.059
Sept
6.459
690
Oornwall.a
908
16,969
26.730
5,849
July 1 to Sept 30....
9,890
19,929
18,697
6,576
Cornwall A Leban..Sept
6,887
68.017
82,430
20,482
July 1 to Sept 30
42,918
Del. Lack. & Wnntern b— Leased lines In New York State.
2,935.531 3.204,324 1.604,435 1,896,633
July 1 to Sept 30
30.
7,762,134 8,453,745 3,893,486 4,839.789
to Sept
Jan. 1
8yr. Blng. AN. Y. b115.391
331,396
324,179
151.261
July 1 to Sept 30....
949,875
968,362
391,731
482,404
Jan, Ito Sept 30....
645,425
Oen.ARloG'de b...Sept 1,624.999 1,648,487
664.118
July Ito Sept 30.... 4,271,616 4,777,081 1,765,341 1,886,348
79,904
82,905
27,726
32,202
Detroit A Mack- o.aSept
246,422
250,684
84.457
84,052
July 1 to Sept 3o ...
239,412
239,161
80.597
78,442
Onl. 80. Sh.AAtl.b Sept
773,631
713,288
269,221
291,040
July Ito Sept 30....
Sept 4,024,022 4,224.844 1,283,400 1,278,606
Erie.a
July 1 to Sept 30. ...12,068,347 18,108,696 4,086,288 4,396.397
2,281
1,725
def.264
def.421
Falrohlld AN. East Sept
7,611
def.661
7,971
def.383
July Ito Sept 30....
7,094
8,702
1,500
def.225
Farmv.APowh'n.a.Aug.
13,161
16,689
2,910
def.723
July 1 toAug. 31 ...
229,940
213,907
71.186
rt.W.ADen.Clty.bSept
71,118
762,006
187,129
696,955
270.565
July 1 to Sept 30...
198,575
220,264
69,177
Sept
41.828
Georgia RR.a....
653,431
588,486
155,389
114.071
July 1 to Sept 3o.-..
Georgia South. A Florida— See under Southern Ry System below.
48,621
17,652
GllaVal.GlobeAN..Sept
939,234
939.721
Or. Trunk of Can.. Sept 2,628,043 2,684.286
July 1 to Sept 30.... 7,722,162 7,941.164 2,591,411 2,592,384
601,250
422,412
65,478
Gr.Trank West... Sept
66,671
62,291
125.069
July 1 to Sept 30 ... 1,164,334 1,367,000
138,208
43.312
136,262
43.312
DetGr. H.& Mll.Sept
357,687
140,155
425.818
111,443
July 1 to Sept o ...
161,689
86,896
157,322
66,893
Gulf AShlplel'n.a.Sept
467,174
113,846
468,183
184,114
July 1 to Sept do ..
204,943
549.113
668.898
216,846
Booking Valley a.Sept
705,235
671.639
July 1 to SeptiO... 1,714.062 1,722,452
923,790
minols Central.. .a. Sept 4,340,706 4,003,963 1,444,336
July 1 to Sept 3o"... 12,360,099 11,797,'268 3,958,582 2,645,676
51,9.^7
22,103
143,606
126,861
Ind. ru AIow».a..Sept
369,848
112,001
53,028
391.956
July 1 to Sept 3 J....
Interborough Rap. Trans.
—
—
—
—CurrentEarningx.
Previous
Prriious
July 1 to Sept3>-....
Decrease.
Net Earnings Monthly to Latest Dates.— The following
shows the gross and net earnings to latest dates of all Steam
railroads furnishing monthly statements. The compilation
includes every road from which we can get returns of this
character, and in that form is given once a month. Early
returns are published from week to week, as soon as issued,
but for the convenience of our readers all the roads making
returns are brought together here in the week in which we
publish our monthly article on net earnings say about the
20th of the month. Besides the companies furnishing monthly
returns we have added this time the roads which make
quarterly returns.
Current
statement covers
and shows 8*94 per cent increase in the aggregate
over the same week last year.
November.
— Qross Earnings. —
.
43 roads,
lit «oee» of
2I!>7
.
2,331
p. o.l
week
Decreaie.
'SO'.OO'
4.011,451
Texas & Paolflo
Toledo & Ohio Central
W^abash
Wheeling A Lak e Erie.
Wisoonsls Central......
For the
9
3,063
22,010
S
36,007
150.213
33.06C
310,90t
117.27S
148,772
776,000
24.000
197,536
260,194
199,' 07
318,252
77,249
448,117
92.871
13T.OO0
Central Branch
Nashv. Chat A St. Loals
Pere Marquette
St. LODlB 8oath western.
Total (20 roads)
( 5-38
Inereau.
1903.
55,03(
S2.34P
64,35?
437.322
793,000
33,000
192,llf
218,710
171.718
808,194
74,918
434,800
83,521
116,598
31,611
61,526
478.638
Mlnneapoils A St. LooIb
Mo. Kansas & Texas
Mo. Paolflo A Iron Mt .
Net Increase
K
-
100.948
97,790
180,038
174,577
21,970
31,043
64,618
80,047
667,567
699.952
1,420,490 1,322,744
4,016
4,413
13,755
13,047
2,499,206 2,296.752
9,250,792 9,461.528
79,890
81,656
197..")77
198,667
2,941
1,726
25,227
12,516
1,024,876
937,993
3,192,868
8,163,865
46,869
1,702
5,351
319,82 4
884,»61
46,174
Co. (N. Y. Cltv) bJuly I to Sept 30.... 3,232,949
Interooeanio RuUway of
—
1,868,854
1,631,132
96.847
429,300
96.882
473,017
834,829
4,667,732 4,027,472 1,029,661
r 42,902
r30.125
210.079
228,761
r83,348 r 131,231
607,453
630,484
July 1 to Sept 3o ...
13.279
32,077
149.699
168.999
KanawhaAMtcti.a Sept
64,723
74,446
440.852
468,608
July 1 to Sept 3o ...
152.731
125,629
522,731
543,341
Kan. City South a Sept
340,718
400,898
1,539,313 1,534,033
July I to Sept 3o
—
Lake Erie A Wetrern b
376.270
398.963
1,346,385 1,443,617
July 1 to Sept 30
930.732 1,071,208
Jan. 1 to Sept 30 ... 3,671,614 3,8»l.o62
LehlRh Valley KK bSept 2,510,869 2,703,653 sl,04S.407 81,183,034
7,477,733 8,187,58i> alJ.U 5.831 83,624,396
July 1 to Sept 3o
11.144
12,096
80.904
39,218
LezluK'n A Ean<. *>. Sept
33.919
88.777
156,049
117,467
July 1 to Septa- ....
Ino.
29,947
Ito. 11.612
Sept
Long Island b
934,149
928.278
July 1 to Sept 3o ... 2,497,481 2,442,167
29,140
8,784
51.892
69.707
LoulB'naAArhau aSept
74.913
38,476
160.761
195,708
July Ito Scpt.iu ...
Loulav.* Nam
Sept. 3,257,232 8,125,344 1,157.637 1,002,008
July 1 to Sept3o .. 9,274.991 9,167,.M5 3,147.897 2,'; 32,687
f8» def.2.218
7,768
8,064
ManlBieeAGr.Rap.Sept
1,257 def. 4,031
26.432
24,181
Jcdy 1 to Septi......
34,753
15,849
18.364
86.609
lllaDlBteeAiNo.l]..a Aug.
120.670
106,638
252,431
287,252
Jan. 1 to Aug. 31....
Sept
Mexico
Jan. 1 to Sept 30
Iowa lentral.a
Sept
.
>
1,048
5,473
310,881
1,051,641
2,938,763
.
—
.
THE
2198
— Gross Earnings. —
I'rrviiiua
Year,
year.
$
lioads.
Manlstlqne.b
9,698
72,419
33,713
189,390
3,957
59,003
Maryland * Penu. Sept
82,536
Mar. 1 to Sept 3o .
195,993
o Mexican Ont.e. Sept kl921,422 2.020 346
July 1 to Sept 30 .. 5,988, 13i 6,076,003
475.781
c Mex. rntern»t'l...Sept
539,765
Jan. 1 to Sept 30... 5,158,665 5,340,007
Millen & Southvr a .Sept
7,974
4,909
July 1 to Sept 30 ...
20.659
12.620
58,N40
Mineral Range. b... Sept
46,351
July 1 to Sept 30
172,070
144,923
Blinn. <b St.Lont b a.Sept
274.377
269,853
July 1 to Sept 30....
775,037
781.138
M. St. P.4 8. 8. M.b.Sept
772,.595
736.603
July 1 to Sept 3o
2,028.652 1,929,895
Uo.Kan.AXexas.a.Sept 1,919,128 1.618.580
July Ito Sept 8'.... 4.838,341 4.885,246
Mo. Pao. System. b. Sept 4.078.724 3.971,047
Jan. 1 to Sept 30. ..31,878,955 81,716,010
pMob.Jack.&K.O.bSept
51,905
40.283
147,7!J5
100,054
July 1 to Sept iO....
Mobile & Ohio— See under Southern By. System
867,689
831,876
Nash. r!h.&Bt.L,.b. Sept
July Ito Sept 30... 3,581,318 2,470,966
cNat'lRR.ofMex. Sept
896,724
830.878
Jan. 1 to Sept 30... 8,617,287 8,853.037
Wev.-Oal.-OreKon.aSept
26.752
80.580
July Ito Sept 30....
65,111
57,274
Nevada Central.. .Aug.
2.323
3,832
July 1 to Aug. 31....
4,069
6,725
Oct.
Jan. 1 to Oct. 30....
["Vol. Lxxix.
—Current
OroKs Earnings. —
Previnus
Net Earnings.
Vurrenl
1 '•eviow
4
OurrtiU
CIIROXlCLIv
Year.
Year.
$
$
3.875 deM,84S
14.914
580
13.841
12.177
56,916
86,230
449.802
k 531,234
1.661,831 1,204,167
170,779
232,561
2,122,614 2,111,861
2.304
2,559
4,809
8,129
8.efi4
21.163
52,944
26.690
\et Earnings.
Curretit
I'recioua
Yt'ir.
Year.
.
lioads.
Year.
Yeur.
$
!?
ISonth. Pac. Co.a..8ept 8,136.951 8.266 670
July 1 to Sept 30. ...2^,016,886 23,899,662
>
8.006,164 2,953.818
7,491,808 7,266,426
Southern RaDwaySyst —
Southern Rail w a Sept 4,'289,«4l 3,865,691 1.405,176 1.240,932
July 1 to Sept 30 ...r^017,309 11,214,428 3,548,003 3,312,504
Mobile & Ohio. a.. Sept
705,822
639.72S
232.055
218,755
July 1 to Sept 30.... 1,969.428 1,861.724
579,666
530,594
Cln. N.O.&T P. a.Sept
639.538
880,477
152,082
125,914
July 1 to Sept 3u.... 1,823.106 1,767,993
413,391
391,003
Ala. Gt South a.. Sept
260,989
269,553
49.718
62,897
July 1 to Sept c(0 ...
772,248
761,924
132,718
183,549
Ga. Soutb.&Fia.aSept
149,894
130,581
37,321
27,886
July 1 to Sept 3o ...
416,538
408,66i
98,515
vll2,228 vll6,488
81,810
301,140 v316,l80 Ternoi nal Ry. of Buff b—
July 1 to Sept 30....
23,481
28.054
18,538
432.070
430.836
23,477
1,001.510 1,000,401
Texas Central, a... Sept
79,812
67,935
31,348
22,685
July 1 to Sept 30.
181,304
145,166
50S.5.'i9
47,897
17,881
766.935
1.532.522 1,107,396 Toledo &0. Cent. a. Sept
376.917
352,716
102.841
101.233
July 1 to Sept 3o.... 1,129,222 1,041,020
876,837
299,974
1,415,087 1.321,922
8,591.329 10,173,219 Tol.Peoria&West.bOct
108,948
116,060
14.068
84,089
July 1 to Oct 3i....
450,067
452,780
90,596
107,642
20,935
14,032
60,671
88,877 Tol. StL. & West..Aug.
364,332
808,652
127,811
100,884
oelow.
Onion Pac. Syst a.. Sept 5,427,858 6,182,844 2,625,397 2,417,260
July 1 to Sept 30.
14,905.551 14,306,684 7,067,494 6,482,892
258,819
282,077
768.784
728,246 Virginia ASo'thw.bSept
49.669
68.208
16,534
29,068
July Ito Sept 30 ...
147,192
187,151
56,289
69,797
296,415
211.721
2,743,691 2.841,183 Vabash.b
Sept 2,609,661 2,239,687
786.436
716.138
July 1 to Sept 30.... 7,172,698 6,361.268 1.984.737 1,977,638
15,270
10,740
31,827
26,479 W.Jer8ey<St Seash.lSept
445.008
439,808
158,302
1 89.802
Jan. 1 to Sept 30.... 3.522,091 8,491,491 1,015,357
610
1,376
978,757
deM47
1,690 West. N. Y. & Penn.b—
Newb. Dutch. AGonn. b—
July Ito Sept 30... 1,384,422 1,590,209
158,022
220,148
43,576
July 1 to Sept 30....
89,308
4,596
8,483 Wheel. *L. Erie b Sept
408,068
413,524
101,178
140,791
New Jersey AN.Yorh b—
July 1 to Sept 30.... 1,154,748 1,241,895
279.084
3a9,086
.July 1 to Sept 30....
119,123
109,672
40,637
17,747 Wmsp'rt&No.Br.aSept
14,227
14,888
4.454
8,781
July Ito Sept 3u....
80,638
82.167
New London Northernb—
18.002
15.720
277,311
276,741
S8.77S
July Ito Sept 80....
30.621 Wisoonsin cent' l.b Sept
604.629
898.010
222,300
211,878
W.'S. Chlo.dt St Louis b—
July Ito Sept 30... 1,785,492 1,836.960
697,892
686,417
504,749
July Ito Sept 30.... 1,995,834 2,055,141
490.171
xl 6,918
Vrlghtsv.&Tenn.bSept
x21,815
9,657
4,214
X38.586
x45.871
15.868
W. Y. N. H. & Hartfordb—
July 1 to Sept 30
8,562
July 1 to Sept 30....12,989,029 13,285,568 4,267,235 4,559,885 Yazoo & Miss. Val. a Sept
882,110
648,687
187,560
63,376
594.449
602,800
203,478
166,509
303,759
128,504
July 1 to Sept 30..„ 1,745,977 1,846,893
N. T.Ont.&West.aSept
737,674
July Ito Sept 30.... 1.943,825 1,966,887
648,787
«Net earnings here given are after dedactlng taxes.
N. Y. & Ottawa b-Llnes In New York State.
Ito
Sept
30....
47,463
34,390
11,924
July
2,448
b TetearnlngBhereglvanarebeforededaetlnKtaxeB.
H. Y. & Pennsylvanlab—
c These figures are in Mexican currency, and are oonTertible Into
29,178
85,831
July Ito Sept 30....
8,049 def.3,897
<old at the current rate of exchange.
N. Y. A Rockaway B.b—
d Net. after deducting taxes is $138,473 and $131,451 for 1804
231,601
235,786
142.439
150.650 and 1903 respectively for September and $398,370 and $415,885
July Ito Sept 30
for
period from July 1 to Sept. 3 J.
208,305
West.a
214,809
88,507
Bus.
A
Sept
72,461
K. Y.
600,076
697,629
191,319
289.886
July I to Sept 30
e Includes results on Monterey A Mexican Golf and Cnemava«a dt
870.279
808,465 Paolflo. Rio Verde Branch, etc.
Norfolk^ West'n.b Sept 2,012,636 1,S88.661
5,783,793 5,754.475 2,420,086 2,438.423
July 1 to Sept 30
r Thirty per cent of gross earnings.
938,719
879,319
303,113
197,213
Northern Central bSept
1 Hoaston & Texas Central and its subsidiary lines are included.
Jan. 1 to Sept 30.... 7,871,864 7,761,564 1,796,605 1,774,905
J These figures include results on the Buffalo A Allegheny Valley
20.420
20,795
7,158
6,145 DlvlBlon in both years.
Ohio River & West. Sept
58,483
58,233
15,639
14,283
July 1 to Sept 30.
k Earnings this year were lessened on account of loss of bridge over
Paelfio :;oaBt Company -See Miscellaneous Companies.
the San Pedro River which caused a break in main line Sept 7 to
Bept
Peansyivania—
Lines direotlyoperated
jEastofPitts.&E.Sept 10.388.650 10.650.750
jJan. Ito Sept 30. ..86,865,419 92,872.719
Deo.
139,700
Weetof Pitts. &E Sept
Deo. 2,174,200
Jan. 1 to Sept 30
Phil. Bait. & Wash. bSept 1,202,890 1.229.590
Jan- 1 to Sept 30.... 10,193,106 10,194,406
705,475
682,188
Sept
Phlla.&Erle.b
Jan. 1 to Sept 30.... 8,665,197 8,846,620
3,898,410 3.638.510
26,267,866 28,848,966
338,400
418.900
386.166
436.866
Inc.
Dec.
2,675,086
286.242
1.976.742
698,432
Pitts. C.C.&StL.aSept 2,140.584 2,'232,723
Jan. 1 to Sept 30.. ..17,751.683 18,500,162 4,490,042
4,8.'^6
2,086
Raleigh &O.Ff>»r. a Oct
15,921
8,989
July 1 to Oct 31....
2,866,686
214.838
1,885,188
670,496
4,698,829
Raquett* Lake b—
11,816
2,147
9,300
3,427
July 1 to Sept 30....
Reading oompany—
2,922,121
1,259,656
2,817,873
1,107,820
PHlla.A Read's- b Sept
July 1 to Sept 30.... 8,481,069 9,126,422 3,645,801 8,751,210
Ooal&IronOo.b.Sept 1,971,823 2,121.012 deM9.297
July 1 to Sept 30.... 6.690,973 7,997,560
Total both Co.'s.bSept 4,789.696 5.043,133
July 1 to Sept 30. ...15,025,012 17,123,982
Sept
Reading Oo.b
July 1 to Sept 30
Total all Co. '«.h.. Sept
July 1 to Sept 30
104,806
110,277
Rich. Fred. & Pot. Sept
343,735
341,977
July 1 to Aug 31....
46.256
53,973
Rio Grande Jnnot.. Aug.
421.612
Dec 1 to Aug. 31..... 397.075
903
40
35,861
Bio Grande South, r Sept
133,693
111,927
July Ito Sept 30....
17,P81
4,390,597
4,1
Rook Island Bynr.a. Sept
'July ito Sept 30 "...11,018.694 12.741,638
232.345
232.068
Sept
Rutland RR
709,<i23
720.734
July 1 to Sept 30 -.
122.303
116.884
S Joe. AGd.Isl.bSept
343,711
356,413
July 1 to Septao ..
St. Lawrence & Adlr'k b—
76,133
74,394
July 1 to Sept 30
.
St.
<."•
<»
Han
35,277
33,640
Fr. (inclnrt.
&E. Iin.a.-Sept
July 1 to Sept 30....
St.LoulsS'west.b. Sept
July Ito Sept 30....
Seaboard Air Line aSept
July 1 to Sept ao....
South Buflfilo By.b—
July Ito Sept 30....
Boatbern Indiana. bSept
July 1 to Sept SU....
Ohio.
122.277
881,007
1,240,359 1.230.097
3.860.221 4,632.217
115,034
116.254
349,232
351.630
1,356,393 1,346,351
4,208,453 4,983,897
28,457
32,711
103.719
104,321
f 13.877
f 16,192
f 119,122 f 126,483
20,019
12.966
48,688
64,473
1,585,850 1,375,140
8,749,444 4,371.383
93.653
84,533
303,889
282,468
33.455
24.041
93,885
68,339
213,420
3,635,443 3,191,717
9,731,881 9,274,875
649,139
765,867
2,121,987 1,791,167
1,117.223
987.684
3,103,233 2,908,983
1,480.200
3,712,106
290,279
718.323
349,501
866,080
49,437
111,582
824,972
7.978
20,555
64.034
153,883
168,85o
63,881
119,857
346,284
1,105,223
3.280,38^
214.622
640.013
238,890
683,126
60.21/)
27.
n Expenditures for betterments in Aug.
were $1,487 and balance of
net earnings for Aag. was $12,118.
p Inolndes Golf & Chicago Division leased.
r For September additional luoomeis $4,932 this year, against $658,
From July 1 to Sept 30 additional Income Is $18,182
last year.
this year, against $14,974 last year.
8 Including other income, total Income (exolnsive oC results of coal
companies) ror Sept. is $1,097,350 in 1901, against $1,235,901 in 1903,
and for period from July 1 to Bept 30 la $3,326,000 in 1904, against
$3,764,058 In 1903. Deductions from total income for additions and
Improvements were $li)7,966 in September, 1901, against $66,100 in
1903, and from July 1 to September 30 were $338,933 In 1904, against
$173,000 in 1903.
For September additional income is $9,428 this year, against
«7.261 last year. From July 1 to Sept. 30 additional income Is
$29,930 this year afcalnst $38,980 last year.
X Includes $391 "other income" for September this year, against
$413 last year and for period July 1 to Sept 30 $l,154 this year,
against $1,282 last year.
t For S3ptembsr, 1904, taxes and rentals amounted to $193,882
Against «18.^,7S5, after deducting which net for September, 1904.
was $2,404,270, against $3,299,327. From July 1 to Sept 30, 1904,
net after deducting taxes aad rentals is $5,288,439 this year, against
$6,075,083 last ; ear.
Interest Charges and Surplus.—The following roads, In
addition to their gross and net earninas given in the foregoing, also report charges for interest, &o. with the surplus
,
above or
deficit
below these charges.
—
Roads.
Ann Arbor
Sept
July 1 to Sept 3o
Sept
Atlantic A Blrm
July 1 to Sept 3o....
Baugor <& ArooBt'h.Scpt
July Ito Sept 3i>....
Bellefonte Cenrral Oct
Jan. 1 to Oct Si
& Albany-
Boston
July
Boston
<fe
1
to Sept
Maine
30....
Int..
Hen tats,
elc.
—
.
-Jial.ofXel Earn'gs.^
Previous
Current
/
Current
Previous
Year.
Year.
Year.
$
$
$
26.837
80,565
14,567
43,700
46,895
140,196
305
3,050
828,595
July 1 to Sept 30.... 8,032,688
Boston Rev. B. & Lynn15,586
July 1 to Sept 30
548
Brldgt. & Baoo Biv.Sept
1,629
July 1 to Sept 30....
28.167
Buffalo &S'8queb..Sept
54,507
July 1 to Sept 30....
26,848
97,779
6,083
18.250
46,133
1U,295
Year.
$
•38.954
*62.589
15.887
46,368
83,757
56,282
*33,686
-o4,813
16,478
36,347
34,761
68,471
433
1.481
2,.508
4,330
9,466
20,897
840,170
*271,168
168,754
2,029,320 '1,263,193
18,066
607
1,619
12,830
87,038
*36,958
1,159
3,722
*30,838
*99.547
•
1,227,093
*35,44S
841
8,954
•32,734
•79.086
.
Nov.
5
.
— Int., Rentals, etc. —
-Bal. of Net Earn'gs.—^
Current
Previous
Current
Previous
Tear.
Year.
Tear.
Teai:
$
$
$
AN
26,012
26,349
W.Sept
27,018
23,878
Sept 30....
81,112
78,038
86,S39
e6,i38
dent. New Entrland—
39,879 *df.20,659
50,420
*19,762
July 1 to Sept 30....
4f?2.363
264,775
267,517
Cent, of N. JerRH V Sept 11633,656
July 1 to Sept 30... 111,784,579 1,478.216 1.004,238 1,040,087
296.80t»
803,934
399,753
Olev.Otn.Ch. A st.L Sept
322,269
921,954
903.917 1,008.52«
830,3t6
July 1 to Sept '-^^ ...
41,68»
Sept
41,689
28,848
Peoria A East
30,079
125,065
125,065
69.693
67.170
July 1 to Sept 3c* ...
8.4 38
Aug.
5,875
26,449
16,724
Oopper Range
16,875
11,760
46,524
42,925
July 1 to Aug. i)i
4.017
4,109
2,559
Cornwall A Leban .Sept
2.779
12,021
12.160
8,461
July 1 to sept io
30,763
Del. Lack. A Western—!Leased lines in New York State.
el3,714
612,182
890,721 1.284.451
July 1 to Sept 30
Jan. 1 to Sept 30..^ 1,841,104 1,336,592 2,052,382 3,003,197
N.
Y.A
BlBg
gyr.
46,780
46,405
.luly 1 to Sept
68,611
104,856
139,589
139,215
252,142
Jan. 1 to Sept 3'.)
343,189
345,S69
334.806
t302.557
t345.452
Den. AR.Gra «.>< Sept
991,744
1784.601
July 1 to Sept Si'.... 1,035,191
t958,791
California
July
1 to
. .
Dul. 80. 8^. A At). ..Sept
July 1 to Sept 3u
Georgia RR
July 1 to Sept.
Gulf A Ship Ifil
July 1 to Sept.
Hooking Vallwy
89,141
267.425
8P,647
265,933
Sept
a51,416
in....
al56,3lts
a51,379
al54,740
Sept
24,437
73,074
73,120
214,556
23,123
64,121
19,462
57,867
76,196
235,377
22,914
63,620
io
...
—
Sept
*2,492 *def.9.670
*4,6U
*27,474
*18,764 *def.7,3 9
*988 *def.8.052
*13,033
*48,438
*42,699
*129.189
* 146,91
147,574
*529,9^7
*46l,783
28,834
def 811
Sept 30
Indiana 111.. la
Sept
July 1 to Sept so....
47,880
Rap.Trana.
Interboronvh
Co (N Y. Oitv)
*411,710
July 1 to Sept 30
1,531,144 1,496,475
KanawUa a Mloh. Sept
20,072
23,464 •def.6.265
July
1 to
t'
July
1
.
to Sept. 3o
60,420
Lake Erie A W' n'^rn—
July Ito Sept 30...,
Long Island RK.—
July 1 to Sept 30 ...
Loulsl'na & A'h^' Sept
July 1 u> Sept 3o
Maryland A Pf<i n. Sept
.
Mar. 1 to Sept. du ...
Mineral Ran>;r»
.Sept
July 1 to Sept HO ..
Mo. Kan. A Tex>»8..Sept
July 1 to Sept 30 ..
Sept
Naahv. Cliat.<«^^
..
July 1 to Sept
!-<t
i
Nev -Oal.-Orejro . Sept.
July 1 to Sept 30....
I
. .
Mewb. D'tchesB 4 Conn.—
July 1 to Sept 30....
New Jersey & >'ew YorkJuly Ito Sept 30....
61,519
374,425
398,225
605,218
11,350
34.050
6,874
23,124
9,447
28,340
350,784
1,052,416
150.502
451,507
2,162
6,487
539,242
8,817
26,450
5,874
23,124
9,697
29,090
325,678
970,084
149,581
449,544
2,192
6,575
4,769
4,770
*
6,206
1,846
deM 0,592
214,944
9,206
14.777
728
*493,711
486,322
*20,468
1,628
16,179
*48,a44
7,967
6.808
33,792
43,106
*11,818
def.893
*24,911 •def. 1,862
416.151
182,881
480,106
137,312
108,317
102.496
317,247
273.702
13,108
8,548
25,340
19,904
*def.98
970
*26,729
4,068
15,316
Sept 30
65,140
63,875 *df.20,5ll df.26,416
N. Y.ChlO. A8t. L.—
July 1 to Sept 30
337,792
New London Ncrihern—
1 to
333,403
*169,513
163,556
». Y. N.H. A HartJuly 1 to Sept 30
2,094.793 1,968.865 '2,293,286 2,626,639
g66,15S
g60,700
142,778
100.356
K. Y. Ont.A W««t ..Sept
gl76.150 gi97,586
July I to Sept 3o
561,524
451,201
N. Y. A Ottawa Lines in New York State.
July 1 to Sept 30....
7,100
6,210
4,824 def.3,762
N. Y. A PennpylvanlaJuly 1 to Sept 30
5,227
373
2.822 def. 3,970
N. T. A R( okawav B.—
July 1 to Sept 30 ...
Norfolk * W«*Rt'n. Sept
July 1 to Sept iO
.
Raqnette LakeJuly 1 to Sept 30....
Keadiug —
2199
t These llguree are after allowing for other income andf ordlsoonnt
and exchange. The sum of $10,000 is deducted every month from
surplus and placed to credit of Renewal Fund.
If Included in the fixed charges in this fiscal
year are expenditures
tor renewals, additions and improvements amounting to $13 7,090 for
Suptember. and to $H00,360 for period J nly 1 to Sept. 30. There were
no charges to this account the previous year.
a Charges here include road-rental (paid by lessees) and other
deductions.
g These are net charges
after allowing for other income received.
Includes also sinking fund charges.
miscellaneous Companies,
r
—
Gross Ec
—Current
Previous
irnings.
Tear.
$
$
OompanieB.
Was
14,517
298.230
879,690
15,400
362,891
788,846
127,923
577.049
135,150
545,674
1,540.366
1,649,577
*def.981
•293
3.392
— Sept
Sept
866,500
885,264
489,893
461,087
oK>
..
2,5U6.500 2,656,792 1,611.953 2,328,105
July 1 to
8,S33
BloQ-^ande Juiiot..Aug.
7,703
8,484
5,544
72.500
Deo. 1 to Aug. 31. ...
69,376
46,622
67,108
RioQrande Sontri Sept
*2.186 def.*6,364
19,380
17,833
11,847
July 1 to Sept
64,077
65,574 •def.2,471
*37.«12
26,429
Rutland RR
.Sept
859,407
861.689
136,510 113.282
July 1 to Sept 3o .. 178.378 8180,291
St. loA. A Or. Ini (1
Sept
22,183
18,933
11,272
5,108
July I to Sept 0....
67,183
11,523
66,816
26,702
Bt.Lawrenoe A Adir'kJuly 1 to Sept 30
10,145
^11.074
25,288
25,530
Seaboard Air Linn. Sept
*8.772
*99.282
351,945
230.211
July 1 to Sept ao ...
120,345 df.2,863
747,212
692,711
Boath Buffalo Kv.
July 1 to Sept 30
16,156
1,260
11,581
4,419
Terminal Rj.oi Buff —
11,353
July 1 to Sept 30
'6,759
11,843
12,154
Texas Central
Sept
2.5«3
2.583
19,972
28,765
July I to Sept oo ..
7,750
9,631
7,750
40,147
TolftrtoAOhli t;-n..Sept
60.442
71,f;44
38.223
40.816
July 1 to Sept 3o....
ll».t>68
285,222 180,99 7
113,297
Tol. P«o. A Whhi. Oct
787
23.007
23.802 def 8.939
July 1 to Oct 3i
92,074
15,316
92,327 def. 1,478
Tol St. L. A Wfist..Aug.
87,917
42,389
58,496
69,894
West. N. Y. A Penn.—
July 1 to Sept 30
286,056
286,778 'df.l32034 'df 66.049
W'msiiort A No. Ur.Sept
2,798
883
2,863
1,656
July 1 to Sept .^O
8,336
7,318
8,402
6,666
14!S,803
Wlsoonflln Cen tral. Sept
'72,798
79,176
144,293
July 1 to SeptSo....
440,613
439,317
265,800 '259,053
. .
.
.
.
After allowing for otber income reoelved.
Tear.
Co.
Edison Elec. Ilium. Co. of
Brockton. Mass. .Sept
Jan. 1 to Sept 30
Fall River Gas Works
Tear.
$
$
31,364
279,060
22.661
341,211
139,672
723,656
122,657
649,831
9.682
82,004
8,129
73,314
3,487
35.153
3,597
19,776
Sept
Sept 3o
Houghton County El. Lt,
29.094
81,248
28,353
78,897
8,642
27,604
11,632
32,566
(Uonj^hton, M'ph.)Sept
Oct 1 to Sept So
Lowell Electric Light
15,501
178,495
13,303
166.150
7,783
81,855
5,250
75,442
Corporation
Sept
July 1 to Sept 30...,
Mexican Tel'phone Aug.
Mar. 1 to Aug. 3l ..,
19.200
53,618
25.890
146,869
18,149
51.071
22,875
135,924
8,171
21,876
10,993
65,825
61,750
537.6i7
6,315
18,794
11.838
66,904
Co
July
1
to
Milwauk.GaoL. Co, Sept
Jan. 1 to Sept 3o
Minneapolis Oen. Electric Co..
Sept
52,774
48,53.9
July 1 to Sept 30
139,315
126,597
Paolflo Coast Co..»Sept
559.303
P3<,081
July 1 to Sept 3o
1,774,808 1,665,797
Pocahontas Collieries
Company
26,860
66,583
12.5,251
381,774
Sept
Jan. 1 to Sept 3o
a Net earnings here
49876
469,118
23,188
56,169
119,024
350,922
11.663
167,621
..,
V
given are after deducting taxes.
Interest Charg^es and Surplus.
— Int., Mentals, etc. —
Current
Previous
Tear.
Tear.
-Bal.ofNel Earn'gs.-^
Current
J'revious
Tear.
Tear,
OompaniM.
Oumberli: nd Telephone A
Teleg. ro
Sept
EdlBonElec. Ilium. Go. of
Brockton, MaH8..Sept.
Jan- Ito Sept 30
22,733
22,505
116,939
aO0,152
766
8,765
1.242
7,808
2,722
26,388
2.355
11,868
255
728
93
187
8,387
26,376
11,539
32,379
2.188
26,450
2.187
36,250
5.595
65,406
3.083
49,192
1,118
8,426
1 ,0.'S9
7,053
18,450
5.256
15,515
Sept
9,347
Sept 30 .
2d,256
Pocahontas Collieries
Company
Sept
dl5.079
Jan. 1 to Sept 30
dl38,524
10.020
28,192
17.513
13,168
27,977
River Gas Works
Sept
Fall
Co
Houghton County El Lt.
(Honghton, Mich )Sept
to Sept 30 ...
Oct
1
Lowell Electric
...
Corporation
July 1 to Sept
Minneapolis Gen.
Light
Sept
3o ..,
3,279
Elec-
Co
tric
July
1
to
d Charges Include sinking fund and
38,:>27
def.3,416
29,097
preferred dividend.
STREET RAILWAYS AND TRACTION CQHPANIES.
Latett
EAJUHIMO*.
VukorM
Albany A Hudson
September
American R'ys. Oo.ll October...
Aur. Elgin A Chic. R' September
Blnghamton Ry
October...
.
BurIlngt'n(Vt)Trao October
:
.
Net Ear nings.—>
Current
Previous
r
Sept
Oct 1 to Sept 30
Cumberland Telephone A
Telegraph Co
Sept
337,458
291.579
Apr. 1 to Sept 30.... 1,976,178 1,725,347
Bnffalo
GBOS8
3,335
,
Tear.
All conapanlPR
*
;
,
.
July 1 to Sept 30
15,347
July
.
THE CHRONICLE.
19, 1904.]
Roads.
—
.
Cal.
Gas A
Cent. Penn. Tract...
Chicago fe Mil. Elflc.
Cluo A Oak Park....
9
29.477
September
E.
wU Nov
30.175
5,82-
September I31.47h
September 38.88(:>
12,08-
390' 6 57
237.943
670,833
391.496
739,249
c*
77.74
9.71}>
73.602
897,242
373,8S7
173.18*'
161 834
23,023
77.40 3,Hrt8.6l« i.765,720
11.8U8
537,207 642,444
43.fi.«if.
9S243
40.44(<
,
Rapid Tran.
October...
9,779
37,109
vllle
*
209.011
221,919
94 1.143,867
340,177
202'20'4
211.95
66.54
63,883
1, 201.
379,90
«58,474
372.440
765,9lt
Valley Traction... September 64.^09 46,517
14,867
'eiifembei
Geary Street Ry
Havana Kleo. Ry.Co Wk.Njvi3 132,194 128.684
Honolnlu Riipld Tr
Septembei 26.741 24,867
& Land Co
Houghton Co. 8t. Rj Seotembe; 18,451 16.478
Houston Elec. St. R> iepcembtr 33.6lf S8.f)^X
Illinois Traction Co. SHptembei
82.4»6 76.161
Indlanap. A K>tst U^ Septembei 21,093 20,315
Indlanap.^ Martins
western Traotlcn.. September
Tear.
«
397,»SiJ
XO.991
10415
Prtvioui
F«or.
2,863,707
49 98
23 15»
H3.4'9
Lategi Date
45,75:-t
47.581
44.17.
I to
Ourrent
M,3\i-
85,961^
iMt
wk Nov
«
7l,lOii
A Sub
Rlgin Aurora A Sou
Vabasli
Wayne
Ft.
A
d
tear
69.8.^4
Detroit United Ry..i
Dnluth Street Ry
East St Louis
Jan.
Il9.8t)4 116,763
4«,78()
19.431
i8',6l3
. .
October ..
Oln. Dayton A Tol. Tt September
Oln.Newp.AOov Ry. Septemoer
ottlaens' Ky. A Llgu
(Mofloatlne, Iowa). September
Clove. A So. W. rr.Co
October
A
Our'nt
Tear.
6,417
(epteiubei 363.65
4t,18<
Sep ember
October... 55,62.^
Electric
Oleve. Palnsv.
erot$ «amtni;i
341.09
755,024
846,140
443.634
402.175
980.29:.!
1,466,476 il,27i;373
342.949
147,77.
7('6".97"^
160,77*
201,724
145.098
675.508
114,860
8.890
Indlaniii)oll»A North
intnroat'l Tract.
Co
System (Butfalo).. Septembei
JaoksouvlUe Elec. Co Septembei
Kansas Cltv Ry.A
i^t
Inly
J 8 4.960
^2.947
<65.37H
177,921 3.121.794 1,002.798
21.813
31. ,32
181,853
2.324.33.4
..
..
.
,
.
THE CHRONICLE.
iJiOO
Lauit Broit Karn\na*
OBosa
Jan,
w
Da^
Frevioui
—CurrentK
Tear.
Year.
liaittt
.
KARmNOB.
wetKorav
Ytar.
Tear.
Ttar.
C
«
a
lioads.
Ry September 67,466 63,498
I>ehlKli Val. Ttm. Oo
8tr«et Ry. Uep
September 58,184 57,944
Electric Ll^bt Dep. September l&,2a8 13,797
Lexington Ry
October.
32,43P 80,377
Lake Shore
Eleo.
LondonSt. Ry.(Oan.)
Mad. (WlB.) Traction
Met. West Side Kiev.
MU. Eleo Ry.&Lt.Oo
Ull.Lt.He»t<bTr.Oo
October
177,587
September 379,85^
September 48,615
A^ngast..
^36,24^
.
Ft.
8325
October
Montreal Street Ry
Mnnole Hartford A
Wayne
October
16,747
. .
Maek. Tr. &. Light. Oo
Street Ry. Depart. September
Eleotrlo Light Dep September
Oas Department.. September
Now London
«t.
Kv
.
NorthweBtem Eley. October..
Olean
Railway.. September
Orange Oo. Traction September
Peeks. L't'g A BR. Co September
Pottsv. Union Tract October...
St.
Eye Co.Gen.— RoadB October...
Light Co'B
RoohCBter Railway
October...
October...
Rooh.&East.Rap.Ry.
Rooklord Belolt d,
Janesvl lie
8t JOBeph (Mo.) Ry
Lt. Heat & Pow. Oo
8t. LonlB Transit...
Bao Paolo (BrazU
Tram. L't & Po. Oo
Sayannaii Elect. Oo
Soranton Railway.
September
487,3571
486,459
113,559
263,349
146 306
7w 299
121.77H
8,303
2,880
4,018
10,798
September
12,378
11,826
72,216
24,827
32,956
73,107
26,812
83,097
191,417
184,075
98,288
101,687
October... 60,500 55,088
October... 1096,812 664,174 8,394,150 6,066,988
100.587
45.606
401,883
386,078
70.915
724.29^
690,492
176,678 1,708,666 1.538,607
132,971 1,258,058 1,273,081
1,006
72,078
633,408 594,668
25.046
262.710
2ti3,545
46,712
420,64!
342,824
26,402
148.459
160,112
142.651 1,440,14. 1,368,580
7.889
162,767
40.042 2 079,056 1,844,808
78.087 3,655,810 j,445,602
541,196 t.917,010 4,580,576
20,816 206,743
194,390
.
340,099
silver.
Ihese are resnltB for properties owned,
.
.
of Sept
Jan- 1 to Sept 30
Soranton Ry. Co
Oot
Jan. 1 to Oot 31
To). Rys. & Lt.Oo.a.Oct
Jan- 1 to Oot 31
earnings Include the Detroit United Ry., Detroit A Port
Huron Shore Line and the Bandwloh Windsor <k Amlierstbnrg By,
Xtoadt,
Year.
Year,
$
$
$
Blnghamton Ry.b..Oct
Jan. 1 to Oct 31
Brooklyn H'ghta RR..b—
July 1 to Sept 30
Elect. RR.b—
July 1 to Sept 30
Net Earnings.
Current
Previous
Previous
19,431
211,951
18,613
202,204
7,889
96,624
3,184,039
1,446,196
765,010
334,078
.
Year.
8,027
94,486
N»Beau
Total-
July 1 to Sept 80
3,939,049
BklynQ. Co. &.8....b—
July 1 to Sept 30
322,811
3,699,713
1,780,271
1,709,268
216,871
140,886
104,377
Coney I. & Graveeend bJuly 1 to Sept 30
coin. Newp. & Cov. Ry.
81.588
30,006
17,329
3,192
Co. a
Sept
Jan, 1 to Sept. 3u...
85,966
755,916
90,991
739,249
35,678
297,221
89,908
305,043
44,171
43,668
373,887
20.022
148,954
18,782
164,275
884,267
160,841
1,473,364
150,028
1,506,600
213,619
30,377
263,349
18,790
146,306
8,410
76,299
106,171
11,965
101,508
77,874
13,985
106,051
5.116
53,583
Co. a.. Oct
16,747
Jan. 1 to Oct 31....
151,886
New York Olty Street Ry. (total system)
July 1 to Sept 30
5,564,!)76 5,570,212
9,468
80,562
Cleveland &. Southwcst'n
Traction Oo
.Oct
Jan- 1 to Oct. 31...,
397,242
Detroit United Ry.n (all
properties) .a
Oct
397,926
Jan. 1 to Oct 31
3,786,155
HndBon Valley Ry.b—
Aug. 1 to Oct 31
Lexington Ry. b...Oct
Jan- 1 to Oct 31
Lond. St.Ry (Can.)aOct
Jan. 1 to
Oct
31....
Madison Traction.. Oct.
Jan. 1 to Oct. 31
234,555
32,439
282,256
13,646
150,754
8,325
84,824
3,688,317
(4.866
47,818
2,646
36.631
Mnnole Hartford & Fort
Wayne Ry
3,615
29,877
b—
Niagara St Cath
&,
Oo.a
Jan- 1 to
2,775,408
2,808,612
To-
ronto By.—
Jan. 1 to Oot 31
North. OhloTrao.&Llght
Oct
Oot 31
Current
J Yeviout
Year.
Year.
$
56,047
47.669
461,911
382.866
11,592
9,319
9,242
9,050
79,869
68.372
76,387
70.915
724,299
690,492
160,196
142,651
1,440,143 1,368,580
,
$
28,272
205,336
6,483
4,162
35,783
36,956
321,796
74,013
671,809
20,110
177,239
6.982
6,162
35,866
32,153
302,995
67,846
662,602
Interest Charges and Smrplus.
r^Int., Rentals,
184,076
70,880
67,273
78,013
747,727
76,272
741,573
36,174
841,205
33,958
333,310
—
-Hal. of Net
Current
Previous
Year.
Year.
Year.
Year,
Heads.
Coney
Co
Sept
Jan. 1 to Sept 3u
Detroit United Ry. (all
Oot
Oot 31
properties)
Jan. 1 to
Hudson Vallev Ry—
Aug. 1 to Oct 31....
Lexington By
Oct
Jan. 1 to Oot 31....
Lond.Bt.Ey.(Can.)..Oct
Mnnole Hartford & Fort
Wayne Ry Co
Oct
Jan. 1 to Oct 31
New York
July
ronto
1,212,860
*482,942
'c635,4S4
99,412 def.*4,520
•20,709
329
301
*17,000
•2,979
17,215
161,041
16,483
148,219
18,463
146,180
23,425
166,824
88,585
891,655
85,119
828,882
*76,167
'615,843
•67,982
'710,364
82,244
6.611
56,764
2,385
84,153
5,412
53,401
2,289
•24,437
6,354
45,744
2,481
•2,604
8,523
Jan-
5,000
44,000
Oltv Street Ry, (Total
1 to
Sept 30
Cath.
St.
Ry.—
1 to Oct
&
52,650
2,827
4,458
36,562
System)-
3,135,268
3,015,459 'df.61,077
'168,377
To-
31....
Northern Ohio Traction
& Light Co
Oot
Jan. 1 to Oct 31
North. Texas Tract Oot
Oct 31
Olean Street Ry.... Aug.
Montb of Sept
Jan- Ito Sept 30
Soranton Ry Co
Oct
Jan. 1 to Oct. 31
Tol. Rys. & Lt.Co.Oot
Jan. 1 to Oct 31
*
*877,672
*106,270
Newp. & Cov. Rv.
Niagara
41,830
36,806
29,050
30,467
22.467
226,125
10,116
101,122
22,447
222,112
9,723
92,213
12,707
115.080
16.166
104.214
2,631
2,631
22,832
18,661
184,457
41.251
416,655
2.471
2,414
20,281
19,786
197,868
41,245
403,097
13,600
18,294
137,339
32,762
256,264
11,611
116,198
10,387
86,026
3.511
2,748
15,685
12,867
105,137
26,601
254,505
4,251
1.781
After allowing for other income received.
.
ANNUAL REPORTS.
Annual Reports,— The following is an index to all annual
reports of steam railroads, street railways and miscellaneous
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Sections.
This index does not inclade reports in to-day's Chronicle.
Railroads. Etc.—
Page.
Railroads. Etc.—
Pagt.
American Cottm Oil
2145, 2155 Louisville Henderson
Su Louis.3114
American Malting
Bangor & Aroostook
Buffalo & Susquebaona
Chicago Borl
Qulncf
Jfc
Chicago
St,
Chic. R.
I.
208S
2082
2081, 20»i
....1W50, 19H4
Kastern Illinois.
& Pac. R'xUroad
1951
1W51
St,
Mergenthaler Linotype
Vlinneap.'lis
&
St.
Louis
K.I
Edison Elec. Ill of Boston
Kvansville* Terre Uaute
Great N rthern
2083
30(<2
1949, 195H
Greene Consolidated Copper.
20S9
Louisiana & Arkansas
8082, 2096
a 145
1968
Mobi e & Ohio
... 20-<8
New Yora Susquehanna 4 West.. 1953
Pacific Coast
Hutlman Company
1954. 20s3. 209S
& Pac. Ri/.... 1700. 1716, 195' Rock Island Com uany
Clncin. Ham. & Dayton
1952 St. Louis A Snn Kranoisco
Cincin. N. O. & Texas Pacific
2lt8 Standard Milling
Colo ado Fuel & Iron
2146 Toledo St. Louis & Western
Detroit. & Mackinac
2145 Torrlngton Company
Chic.
.
AGravesend
Isl.
July 1 to Sept 30
Oln.
Eam'gs
Previous
Underground
2o83
1^50
1951
1984
2144
2084
Electric
Rys. of
2145, 215»
Corp. (d mos.).1953
Western Maryland
1943
London.
United
..
litates Stepi
Atlantic Coast Line Railroad.
Ending June SO, 1904, J
The remarks signed by Chairman Heory Walter and Presi("Report for the Fiscal Year
dent R. Q. ErwiD, together with the comparative tables of
earnings and balance sbeet, will be found on pages 2309 to
2311,
The declaration of an extra dividend of 25 p. c, payable in stock, etc, Is mentioned on page 3304. Various additional statistics follow :
TBAFFIO and MILBAOB STATISTICS.
19034.
1902-3.
No. of passengers carried earning revenne
4,236,598
3,728,033
No. of passengers carried 1 mile
174,350,363 157,075 477
No. of paes carried 1 mile p. mile of road.
41.588
37.951
Average receipts per pa-senger per mile... $0-02464
$002458
Passenger train earn n^s per mile of road.
91,3i9
$1,213
Passenger train earnings per train mile.
$0-90446
$0-8b880
Passenger earnings per train mile
$0 69
$0 66
No. tons carried of frelgtit; earning revenue
7,781,043
7,674,271
No. of tons carried 1 mile
1,075,168,468 1,068,277.144
No. of tons O'irrled 1 mile per mile of road.
256,462
258,108
Average receipts per ion per mile
$9-UI314
$001333
Freight earnings per mile of road
$3,420
$3,892
.
191,417
etc.
Ourrent
Brooklyn BelghtB BB.—
JiUy 1 to Sept 30
1,116,133
Nassau Elect BR.—
July 1 to Sept 30
248,S18
TotalJuly Ito Sept 80
1,364,951
Bklyn Queen 8 Co. A B.
July 1 to Sept 30
146,150
which monthly returns can be procured, was given Oct.
29, the next will be given Nov. 26.
Year,
AX Earn lugs.
,
Year.
c iDolndeB South Covington & Cincinnati St. Ry. Oo.
n Theee earnings Include the Detroit United Ry., Detroit & Port
Huron Shore Line and the Sandwich Windsor & Amherstburg Ry.
.
Street Ballway Net Earningrg.—The following table gives
the returns of Street railway gross and net earnings received
this week.
The last general summary which we furnish once
a month, and in which we bring together all the roads from
Current
—
I'rerit/nit
a Neteamlnfts here given are after deducting taxes.
»» "fwr OB.rnlnu'o
i-r»i j'l v/nn nr* t>«f «>r» indnori
laxes
Jan. 1 to
n These
— Oross Earnings. —
ariiings.
*
North. Tex. Tract. bOct
Jan. 1 to Oct 31 ...
Olean St Ry. Co. Aug.
Month
(jroKM
»> if
74,287 71,428 872,925
843,040
9,446
7,742
90,708
78,915
78,013 75.272 747,727
741,673
66,047 47,569 461,91 •
382,866
113,746 111,006 1,055,569 1,024,823
9,842
9,050
79,869
66,372
12,402 11.687
90,924
85,334
10,843 10527
83.197
17.645 lt>,204
171,668
165,621
28,553 28,186
287,420 267.836
2,049
1.942
20,207
19,156
126,387 108,051 1,233,247 1,054,462
20,998
July
106,000
September 46,843
October... 76,387
Seattle Electric Co.. September 196,29.'>
Sonth Side Elevated October .. 129,101
Sprlngfl'd & Xenla Ti Wk.Nov. 6
937
8yraoaseRap.Tr.Ry September 72,786
Tampa Electric Co.. September 31,201
TerreHaate Eleo.Go September 52,148
Tol.Bowl.Gr.&8o.Tr July
24,134
Toledo Rys. & Light October... 150.196
Toledo Alnd. Ry.... August.
9,152
Toledo & Western... Septembei 20,864
Toronto Railway ... Wk.Novl^ 44,523
TwlnOnyRap. Tran iBtwkNov 81,702
United of San Fran September 617,64^
Wash. Alex.* Mt. V. October
24,101
Yonngstown-Sbaron 'September 37,194
Spanish
467,912
161,886
8,039
3,017
4.376
12,753
A.aga8t....
Niagara St. Oatb. &
Toronto Ry
October...
Norfolk Ry. A Lt. Oo.
Railway
July
City Gas Co
July
Mor. Ohio Tr & Lt. Oo October..
Northern Texas Trac October..
491,172!
2«2,256l
18,790
150,754
8.410
84,824
181,950 1.721.549 1,707.'044
i71,515 2,364,794 ^,335, 597
34H,461
43,059
321,437
211,816 1,639,427 1,468,347
13.646
...
Oiitober.
I
Vol. Lxxix.
I
Ourrent
I
.
Nov.
;;
.
.
rHE CHRONICLE
in. 1904.]
220 i
making 7 1-56 miles
IMPBOVBMBNTS.—The bridge across the Missouri RlvHr was oompleted and the bridges over the Wolf, Nemeha and Blue rivers were
strengthened and made capable of carrying onr heaviest locomotives
6,300 tons of 80-lb. rails were parchawd, and 4,470 tons laid daring
the year. To prepare for our heavy power, as well as make renewals,
we have relald onr traofe on the flrst district with heavy rails to the
extent of 72^4 miles during the past three years.
The raising^of the Wolf Biver grade, and ballasting it, was oompleted
during the year. All this work was charged to operations.
[Total additions to capital account $236,947, of which $132,143 for
Missouri River bridge, $15,899 for sidings, $88,036 for new rolling
Btock, remainder various.]
Equipmknt.-AU the equipment mentioned In the last report has
been reoeived. To partially pay for It. a car trust was formed, and
$365,000 of 5 p 0. gold equipment notes were issued. These notes
fall due at the rate of $40,000 semi-annually.
(V. 78, p. 1783.) The
new locomotives were not reoeived in time to aid materially in the
handling of the year's business. They are now doing excellent service. The sum of $11,000 was charged to operations for a new
switch engine Rolling stock June 30, 1904
Locomotives, 33 (increase 5); passenger oars, 26 (increase 6); freight cars, 1,082 (Increase 291); miscellaneous, 50.
Outlook.— I he general crop conditions are looking more favorable
from day to day and the ontlook is satisfactory for net earnings, which
will permit the early retirement of our small outstanding debt.
The branch line from near Climax, Qa., to Cohn'a Tobacco Farm, 10'3 miles, known as the Amsterdam Branch,
was oompleted and opened for business on Sept. 34, 1903.
The extension from Panta Gorda to Fort Mjers, a distance
of 28*31 miles, was oompleted and opened for business on
May 10, 1904.— V. 79, p. 2084, 785.
Statistics.— The results for four years have been as follows:
1903-04.
190S03.
1901 02.
1900-01.
312
Av. miles operated..
312
312
812
Operations—
Gross earn's p. mile.
$4,209
$4,446
$4,323
$4,484
552,343
627,286
Freight (tons) carried
627,594
677,211
Frt. (tons) oar'd 1 m. 67,368,054 81,835,903 77,779,600 79,371,981
1-39 cts.
1-28 cts.
1-32 cts.
1-86 cts.
Av. rate p. ton p. m.
167
197
Av. train load (tons).
200
199
Av. earns, p. mile of
each freight train
$2 32
$2 52
$2 64
$2 70
1903-4.
Freight earnings per train mile
Gross earnlDRs per mile of road
Average number paseenKers p. train mile.
Average number tons freight p. train mile
Mileage operated (luring year
Total revenue train mileage
Mileage of non revenue trains
Number of locomotives on June 30........
...
Cars In passencer service June 30
Cars In freicht service June 30
1902-3.
$2-09489
$4,901
2S
$2'10
$4,754
27
15709
l."9-78
4,192-26
12,310,860
4,13«-87
11,683,565
474,444
467
382.323
451
508
502
14,433
13,972
432
399
Boad service equipment June 30
Daring the year ending June 30, 1904, twenty locomotives were
purchased at a cost of $279,250, of which four were replacements and
the balance, which cost 9232,570, were additions to equipment and
were therefore charged to new equipment account. There were purchased or built 824 freight oars, at a cost of $431,372, of which 672
oars, which cost $327,208, were buUt at the Wilmington shops of the
company. The total expenditure for cars was charged as follows To
operating expenses to supply missing numbers, ^145,502; to new
equlpmert account, $285,870. All freight oars are equipped with
automatic couplers and 89-4 p. c. are equipped with air brakes, not In:
cluding logging cars.
During the past fiscal year 8,508 tons of new steel rail were laid,
of track, and there was charged to operating expenses for renewal of rail the sum of $212,594. The number of new
cross-ties put In the track was 1,528,572. There were 210.062 cubic
yards of ballast placed In the track; net Increase lu side-tracks, 32-26,
miles. Second track completed, 10*85 miles.
Kansas City Southern Railway.
{Report for the Fiscal Year Ended June 30, IdOJf.J
The remarks of President Stuart R. Knott, together with
the income account and balance sheet, will be found on pages
2211 to 8213 of to-dav's Chronicle.
Earnings, Etc. The tables of operations, earnings, expenses, etc., for four years follow:
—
STATEMENT FOR TEABS BNOINQ JUNE
Mileage operated...
Operations —
Grocs earns, p. mile
Ket earns, per mile
1902-03.
1901-02.
839
839
883
$7,164
$1,968
2*483
mile (cents)
Orost receipts—
Freight
$5,811
$1*8654
255
1,033,165
32,542,128
cts.
Mail, express, etc..
343,893
Total receipts..
Operating eip>nse
6,450,320
6,010,458
$208,391
$222,879
1,025.339
116,060
1,076,146
Total earnings... $1,314,220
$1,383,162
$1,349,790
$1,399,955
$282,709
150,847
591,223
51,866
$259,226
140,376
526,600
54,949
$155,610
111.210
52»,394
62,170
$147,638
82,978
518,138
62,906
Total expenses.. .$1,076,645
$981,151
(7068)
$407,011
$852,884
$811,655
(63-15)
(57-98)
$237,675
$497,406
$588,300
$140,000
90,784
$140,000
87,092
1,834
$122,500
81,942
362
(5) 274,903
$105,000
3,689
Expenses—
Maintenance of way.
Malnt. of equipment.
Conduct, transport'n
General
$5,703
$1,624
Disbursements
Interest on bonds
Taxes.
Miscellaneous
$4,709
$2-0673
302
620,845
26,292,363
292
893,735
30,362,673
2-478
2-374
Cts.
Net earnings
—
Div. on let pref
$234,473
$3,102
Total
Surplus for year
ets.
4,463,254
752,517
236,100
624,235
204,300
5,450,871
4,753,066
3,924,531
Mamtenanoeoi way
736,968
1,029,080
2,509,487
27a,645
.
883,467
978,504
699,223
766,096
2,220.041
1,915,595
276,797
235,212
703,558
62<,164
1,835,819
236,686
Total oper. exp.
4.549,179
1,901,141
4,358,809
1.651,649
exp. to earns.
Rentals, Int., etc
(70-53)
(72-52)
76,683
79,803
115,375
30,341
Net Income
Deduct—
Taxes
Interest on bonds..
1,976,794
1,731,452
1.950,120
1,384,186
150,2.54
151,416
899.985
27.681
303,000
128,8'^0
899.989
73,528
59,617
114,600
762,903
28,0OJ
3<il,120
23,86t>
69,i25
P.c. of
Miscellaneous
Flood damages
Additions & impts.
Adjast'mt of claims
Total
Balance, surplus...
1,628,374
443,420
3,616,126
1,834,745
3,399,222
1.353,845
Due from
indlvl'ls
and companies...
P.O.
Materials and sup-
182,962
plies
Bills receivable....
166,958
846,^22
4,060
4,000
366,030
69,394
'2,'l73
60,878 (leb.28, 116
l,r-"
2,776
Equlpm't contract.
Unadjusted accts..
Mo.Riv.Br.renewal
Miscellaneous
-V.
100,930
63
83,673
821,-;
1,448,207
1,033,786
283,244
916,334
905.603
478,683
8,12tf
123,426
7,064
82,488
528
(5)
$479,707
$17,699
274,880
$462,896
$125,404
30.
1904.
UabiUtiet-
1903.
I
Stock outst'g (see
RY. & IND. Sec.) 13,698,500 13.5P8.500
B nds outstnndtni;
Audited voucbers.
Pav-roUs
Due to otber cos..
Interest on bonds.
Accrued taxes
Bills payable
.
Equipment notes..
Renewal accounts.
Miscellaneous
Profit
.18.646,003 17.946.023
&
loss, surp.
Total..
3,5i'i',000
3",*t>^
3,500,000
118,294
4 4,315
48,689
72.040
37,699
415.000
3H5.00y
19,324
20,567
85.466
28.816
410,954
412,716
102,n87
Sx.eiH
62,H09
71,725
.18.e46,0,'3 17,91rt,0e3
79, p. 1168.
Iowa Central Railway.
(71-^2)
(68-34)
1903.
$
Costof road, equip17, 540,637 17,303,590
ment, etc
J22,S*H
332,765
Cash
3.4.169
Due from agts.,etc.
43,979
Total
Net earnings
$228,926
$178,036
BALANCE BHEBT JVSE
1904.
Due from U.S.
and structures
Malnt.of equipment
Transportation
General expenses.
(81-9?)
$
$
9
4,875,630
803,552
331,276
Passenger
$5,854
$21959
$
$
5,334,738
771,689
$232,565
1,044,269
111,328
P. 0. of exp. to earns.
$6,541
$2,201
2-469 cts.
$260,888
937,663
115,6S9
190001.
833
•-5.198,646
2,03-*, 843
xrons carried
2,320,127
1.848,028
xTons oar. 1 mile. ..740,738,375 667,747,407 598,113,856 571,488,288
7-52
7-20
6-87
Avp.ton p.m. (mills)
7 30
Fr'«ht rects. p. mile
$6,359
Fr'treo. p.rev. tr m. $1-94741
270*40
Rev. train load, tons
xPassengere oar'd.
941,205
xPasB. oar'd 1 mile. 31.078,414
Aver, per pass, per
Earnings—
Passenger
Freight
Mail, express, etc
30.
1903-04.
$7,688
$2,266
.
:
{Report for the Fiscal Year Ending June
30, 1904. J
President E Hawley, writing under date of Sept. 9, saye:
Earnings.— In view of the failure of crops for the past two years
and the unsatisfactory business conditions prevailing In our territory
In consequence, it Is gratifying that the trai. sportation receipts deolined only $<!8,439, or 1-18 p. c. Thefaot that the operating expenses
only decreased $24,324, notwithstanding the >^xtensive improvements
made to the phyeioal condition of the property during the past four
years under the present management, la m>tlnly attributable to the
prolonged extremely low t«imperatnre of the past winter, together with
increased wages and a higher cost of fuel and other supplies.
The decrease of $10,595, or 8 65 p. c. in passenger reoBipts resulted
wholly from the iiiiulnlfhed average rate reuelvacl per passenger per
mile, this average having declined 15-21 p. c. This reduction is due
mainly to a large excursion business handled at a ver.y low average
,
X Revenae freight only.
ASSETS AND LIABILITIES JUNE 30.
AstetiRailways,
1904.
$
1903.
I
securities ofter-
mlRal
COS., etc.. 83,092,695 88,546,829
Aitls.and cood'rs.
Cash
Indlvid'ls
40,8<9
48i?.'/15
and
62,719
147,268
cos.
ac'2,698
7.37,610
Material, fuel etc.
Traffic balances...
504,«68
91,709
85,827
42J,6H9
46,668
»803,''«8
896,520
169,0(0
11,641
U.S.Oovernment..
*id,»99
Stocks and bunds
owued
(cost)
Proprlel>.ry cos.
. .
1904.
Uabiimes-
$
1908.
»
Pref erred stock... 21 ooo.ooo 21,000,000
30,i000,000 30,000.000
Common stock
equip.,
120,000
ReorR. committee
Securities tor redempiion of re-
First, mort.tjonds.30. 000,000 29,UU9,500
Coupon, matured,
not presented...
Interest on bonds
to June SO. ....
Accrued interest
on loans
Loans & bills pay'e
Vouch. & pay-rolls
Flood appropr'ns.
dm
Taxes, liot
UnadjQsied
accts..
Ren-wnl and
orKiniz.committee's certs. ofdep
Unadjusted accts
65,168
10,039
Total assets... 86,487 ,649 85,120.549
15,016
13,740
225,000
224.996
18,283
0,726
437,473
,2'
135. --48
68,232
37,830
3,87ft
1,121,608
601,703
265.984
61.527
re-
placement funds
ProUt and loss ...
234,611
,07> ,5«0
205,445
1,622,170
Tot. Ilabllttle8.85,487,549 85,120,549
Face yalue - K. C. So. common stock, $1,489,726; pref. stock. $62i,625; Ark.
West, stock, $e4M,l(J0: Ark. West, flrst mort. bonds. »660,U00,— V. 79, p. 2147.
•
St.
Joseph
&
9raiid Island Railway.
/'Report for the fiscal year ending June 30. 1904.)
Vice-President and General- Man a«er Raymond Da Pay,
under date of 8ppt 17, says In enbRtancft
General Behdlts.— The gross receipts decreased »73,942, or 5-33
p. c; operat.itg expenses. Including inanranoeand taxes, increased
$99,186; net reoeli.ts deoreanfd $173 128, or 54-12.
Th« throngh bOHlneRs, both freight and pa-^aeiwMr, h"*"* shown an In
crease of 18-63 and 8«0» p. c, respeotlvBly
Th« decrease in local
freight was from causes beyond the control of the naanagement.
:
rate.
Opebatinq Expenses.— The operating expenses were 7829 p. o. of
the gross earnings, as against 78-87 p c. tor the previous year. The
savings (of $z37,806) in the expenses for matntenanoe of way and
structures for the year rtUdOtB the benefit of the extensive Improvements to the physical condition of the roadway and structures made in
the past four years.
These expenses Include the cost of ballasting 9-01 milesof track with
gravel, the relaying of 9*13 miies with new steel rails weighing 80 lbs.
per yard to replace lighter rails, the oonatructlon of 2 14 miles of
additional side tranks and the ailing of 2,077 lineal feet of trestling.
The increase in the cost for maintenance of equipment for the vear
resulted from heavy repairs to locomotives, nece-isitated by the effects
of the extremely cold winter. The cost of tho-'e repairs was increased
greatly by hlahnr waives and a higher price of materials.
CapItal Expenditures.— The improvement of the property to bring
its ph.vBloall condition up to the requirements of Us tratllc was conilnned. The expenditures for this purpose amounted to $492,869,
which was charged t j capital account as follows Ballasting, $69,649
brldnes and culverts, $87,681 buildings. $51,418 cattle guards and
fencing, $20,>-09; grading, $206,064 ties and rails, $57,238.
The company has expended during the year $618,441 in the acquirement of ownership lu coal mines now in operation and ooai and
mineral lands arjacent thereto. By this acquisition, your company Is
assured a very li»rge tonnage and la also protected In Us fuel supply for
an indefinite length of time. The profits arising from these properties
should yield a satisfactory return on thw Investment, as they are favorably located, well equipped and now In sncoessfui operation.
Bonus —There wem Issued during the year firnt and refunding
mortgage 4 p o. bonds to the amount of $011,000, and there were
sold bonds of this Issue to the amount of $20,000, leaving $2,541,000,
of these bonds In the treiiMury to be dlspossrt of as required, the proopAd" to hfi used In the payment of the fioating debt as shown by the
:
;
;
;
balance sheet.
1
2202
THE CHRONICLE.
*" »^« ^«*'-'- ""^o '^'"P "> ^h*" State at
aho?r''27V?n,Pn?,n"t°„"r,y'*"'
I'T''^'". an exce.R of 50.000,000 bQshelH over last
S2o?' ^hl '?^;^K°.
^*'*'"'
'^'^'^ ^° exceptionally cool we.ther
throu«h
nn? ;h« an,?..^^
'^if
I'^roent'**?* of the corn will be soft and ua
S>Hri«?«h HTn^/;»mV"*"
"****"' teeilag.
The yield of market«h^« nn?n wnrhJi^J'*
***P**
'"f
however,
largely
exceed that of the seasons of 1902
anil 1903.
[Vol. lxxu.
•
Various facts from tables in the report are given
below.
CONDITIOir OF TRACKS AND BEIDGK8
na«*(m<(,sV--
P'"^""' time business loiku more promising
It^Ot...,
Metal
irooden
7imb«r
J"n«30- 80-16. 70-16. 60-10. 66-(6. Var hriiges.
liridgts.
Trestle*.
1904
10
200
i!09
110 10 7.50lfi,. io7n
4l.80«fc.
1J03
207
211
110 10 7,245ft. 107fC, 43,383ft.
_.,,„„„.„.
^
Track
ballasted Jtine 30, 1934, 390 miles; to be ballasted,
140 miles
BOLLIHO STOCK JDNE 30 AND AVERAOB MAINTBNANCE
COST FOB TBAH."
June SO- Locomot's. Pa$8. eart. Fr't cars
Per lot.
Pats. car. Ft. ea'r.
1904
88
47
a.'Jin
$1,903
$465
Sir,
1808
88
ty
3:837
1.603
488
32
S^aftgftcs. -Statistics of earnings, expensea,
charges, etc.,
have been compiled for the Chronicle as follows:
OPERATIONS AND FISCAL RESULTS.
,
1903
4.rf58
3a
4,8*6
95
4,956
Classified Statement of Tohnaob.
Products (tons) of
...
*>»
,
^
Miles operated Jane 30..
Operations—
1903-04.
1902-0 J.
558
558
1901-02,
^
«4<59
1900-01.
S06
^'^^
Pass, carried (No.)
1 mile.
632,908
669,624
706,310
661,225
80 948,709 19,5171578 20.769;«i90 17,184864
5*1® P®^ P^18?.- P^r m'le-.' 2-001 its. 2-3flO cts. 2-237 ots, 2-365 cts.
R-^v. freight (tons) oarr'd 1.822,834
1,727.114 1866 471 1,667,202
Freight (tone) carr'd 1 m.240560146
2766/22i3 29tilS4406 252;q7682
Bate per ton per mile
0-640 cts. 0-687 cts. 0668 cts. 0-709 cts,
Av. train load (rev.) tons,
195
200
218
226
Earns, per pass, train m. 74-10 cts. 78-60 cts. 77-10
cts.
70-22 cts.
Earns, per irelght tr. m..
«1'25
$1-33
$1-46
$1-60
Gross earns, per mile
$1,256
$4,307
$i.548
$1,503
Earnings—
$
Passengers
428 741
469.337
474,743
414,473
j;'"el«ht
1.860;514 1,839,858 1.978,168 1,789,979
Mail, express, etc
87,850
96,348
90,443
79,671
Total
2,877,105
Expenses—
Maintenance of way, etc.
281,347
equipment.
319,093
.." . .
#^
Conduct,
transportation. 1,153.617
General
108,893
Taxes
91,020
2,405,543
2,543,349
2,284.123
619,152
292,741
970,847
103,033
81,716
644,587
346,581
632,302
282..'S65
1,021.666
113.014
79.952
817.734
88,124
75,«84
Total
1,951,970
expen. to earnings.. (82-11)
^et earnings
425,i35
itentals & miscellaneous.
135,472
1,966,990
2,106.800
1,836,609
„
P
c.
Total
Disburtements—
Interest on bonds.
Other Inter., dlso't,
etc..
Rentals, etc
Dividend on preferred."
^<'*»1
„
(91-77)
387,814
51,243
860.607
556,968
506,929
438,757
562 817
519,543
455,435
373,749
'34,781
'48",529
3l',53l
47 391
'
^*£*-
A$gtU-
oolleotlble:.".'."."":
SretilSUr.!;;::;:;:::::;:::;::::;
M&li-
Liabilities-
•
208,844
^'^|S
801,014
431,709
sur. 2,914 sur. 7,048
30.
lear
Agricul.
Anim'ils.
1902.
871 9«I
^^^
251,729
178,841
767. Iu8
1,141,000
39,580
30.441,857 27,678,192 25,724,056
3<)6',433
30.441,367 27,678.492 25,724,056
X
loss was credited with $1,690,000.
pro«or
«?»^AnnSnA^J*'***
oeuds
Of $2,000,000
18
face value ttrst and refunding 4 ner nonrthe
h^'
it. 1901 toreimbarse the
comoanv for na^mLf^^.,^ "^^^'i'P, nd'*
'
Bold
Detroit Southera Railroad.
(Report for the Fiscal Year Ending June SO,
1904 J
President Samnel Hunt, under date of
O^t. 31, saya-
20
.
Total
Mines.
Forests.
Other
all.
24,693 1.0:9.878 124,«t;9 3n6 776 1 es"-; oia
190304... 190.132
30,764 1.193,836 107.632 tee.slt liss?:^?
In 1903 04 "Mines" Includes coal, 788,460
tons; decrease 152.672.
Statistics —The operations, earnings, charges
1903-04..
sn~'ei8
lii6.7t>8
loilow
and balance
r
OPERATIONS.
1903-04.
1902-03.
1901-02.
Average mileaee operated
43S
331
Passengers carried
358.685
322 350
Pasgengerfl oarrlad 1 mile
11, 94^.425 11.270 300
Average receipts p. pais. p. mile 1 69 ccs.
1-dO cts
Pass, earnings per mllfl of road..
$5^7
8575
Pass,
381
81^,280
9.P60,200
1-70
cts.
$'^38
earnings per train mile.... 50-18 cts.
52-44 cts.
47-81 cts.
1,701,580
-. 1.6«N019
^.??! K'l\'^Ai'l'tV^M"-".:1,582,760
^ mile... ;214;972;564 203;7O4;060 ISsieiSlioO
Iv^^n'n'^''^*
T,:l^*
Av.
tons of freight
per train mils
8i4
'290
819
290
Receipts per ton per m'le
5-31 mills
6-48 mills
5-27 mills
Freight earnings p. ml e of road.
$2 60S
$2,S<30
$2,570
Frt^lght earnings per train mile..
«l 67
$1-75
$1-59
Gross earnings per mile
$3,399
$3,792
$3,255
Earnings
—
^felKliC
$1,140,950 $1,116,231
201,732
180,302
24.146
23,833
15,400
lS,40a
106,709
109,631
Passenger
^»U
Express
,
Miscellaneous
Total gross
$979,076
164,231
2d, 919
14,831
57,819
$1,488,937
$1,444,900
$1,239,906
$246,987
325,5^6
670,959
45,626
$204,589
231,339
61.. 387
4 2,620
$189,158
2l2,61»
661,036
Total operating expenses.... $1,289,088
Per cent of expenses to earnings
(8658)
Net earnings from operations...
$199,849
$1,089,935
$395,110
(75-43)
(65-9)
$354,965
$244,796
$84,600
$54,000
2S8.678
$48,000
270,000
$342,673
$118,000
,
Expenses—
Malnt'oe of
way and
struotnres..
Malutenance of equipment
Oonduoilng transportation ..
General expenses
Deduct—
Taxes accrued
Interest on funded debt
3 45 39
Total taxes and Interest
$109,994
BALANCE SHEET JUNE
Anets—
1904.
1903
t
t
Cost of road and
equipment
25,943,0^1 25.634,600
Casb in treasury.
17,020
47,b77
S.
P. O. etc .. ..
Traffic balances...
Indiriduals & cos.
Mater'ls Asuooiles
OhioS). Div. b )nd8
Detroit So. bonds.
To. So. RR. acc't..
Profit
and
loss
...
7», p. 6-0,
627
Total
-V.
33,293
def.$210,l45 8ur.$12,292 def $78,204
Asents, the U.
1803.
Soek-i (8ee Et. & Ind. Sec )
..14,196.210 14 198 2in ia iq9 qo=;
B.nds (seeRr. &IND Sec.)
:..l22s5 5^5 lilefg 5i? lo
-io^ls
''^'^y.^^*^
Interestdne and accrued
'*--118 291
106,654
92,721
Mlsoelianeons aoouunts payabiel.Il'.
256',ft9i
346,393
273,746
lioans. .......... ..
1 650*onn 1,008,464
Tax.-s accrued, not'd'ue.ili
'
^'nTi
*^'^^^
'66'688
40,393
Mlacellaneons.
............"'.""
?2.255
Profit, and loss surplus
.V.V.'.V.V.Vx 1.9 16,945
308.077
^L**^*'
'~
57,"96b
«6.634,353 24,44!,012 23,34^797
Oo"alV,S^s!CZ.r-.
Fifca!
^*1*°«®
CONDENSED BALANCE SHEET JUNE
Current accounts
(^3-03)
437,549
69,380
641,739
664,324
def.81,132 sur. 1,644
Balance for year
(82-79)
438,553
117,415
^^
and It U hnn»A
^iJu*
luoh
belter results will be obtained darioK the
current year.
EQUIPMKNT.-The equipment, as compared with last year,
Inolndee
"
Loco- Pass.
Freight
Other
Oars
Oars
June 30, motives. Cars.
Oars.
vars.
Owned
Leased.
103,461
140.992
2.3,057
ft8,060
80,W83
66,5«4
73,000
108,000
21,975
161,755
36,466
45,824
28.000
26.643.905 25,885,620
30.
1904.
1903.
Liabttities(
<
Common stock.. 10 500.000
10 500.000
Preferred stock
6,500,001 e.5oy.<oo
Bi>nds and
oar
trust notes
8,8i9,8S7 8,700.233
Accounts payable. 43a,046
102,9^0
Pay-rolls
56,6:M
67.391
Interest and taxes
isu.eso
91.597
Traffic balances...
5,4il
11.008
Miscellaueoas accounts
l.«76
684
Profit and loss ....
20.816
Total..
.26,543,905 25.98S,6<!0
Monireal Street Railway.
CReport for the Fiscal Year Ending Sept. SO, 1904
J
President L. J, Forget says in sn^stanc?
earnings
show an Inoreasa of $241.o^^^nr ?f;?',<?^®^"^i:J''® ^""^f *
:
However, increase!
2?Q4
idl or
ori^--?^
»194,149.
14 74 J^®hP^"'V°^/''P*'^*««
p c, due prluolpaiiv to the severe winter and to the
heavy Increaae In the amount; expended during the year
for the miin
tenanoe of property and equipment in the highest
poaslble efflMencvalso to an Increased oar service to meetther.^qulrem-ntsor
the public
Considerable new extensions h»v6 baen oonstruiteddarlng
the veir
and the rolling stock and equipment, havrbeen
largely lacreised'
The large expenditure charged agtiost the ooutingenc
ajoonn*
fw
special renewals,
ot-cu.*.
.cuowa.B, the
uuo Kroaser
greater pare or
of wiilcU
wnlch Is for renesvAl
renew^Al of tracks
was absolutely neoes^arv, and the work done has been
carried
out
in
the most thorough mnnaer. keeping In vi^w the
continual increase in
oar «ervloe and the largely Increased ^iz, aul weu-ht
Montreal Park & Island Br.-Walie the gros* of the oars
Montreal P,.rk & Island Ry. system have showu a earnings of the
satisfactory increase, the operating expenses have also shiwo an
luorease, due to the
oau-es mentioned ab.ive; In conseqience the .Montreal
3:. R7 Oohas
not received any Interest on the securities owned
b/ them in
'^a^e-
that
^^- 0>'- ^8 indebt^l to the
* for
M.m?reYr8t^Rv'^?f';?^^*"'
advances ^Z'*"'*
oonstraotlon to an amouit of
*i«.^/i Ju]^/„.S V'"^
^^/^-^t on bonds and preferred stock to an
?
amount
of «^fiV9>%"^h7
anioaat not bsing inoludad in the w"imus»
earning*
?}. thrt
,h balance
K*?o L"i*
l*^^-,
or
sheet
of the company.
Patmknts to City ^^® company has paid the city of Montreal
^AA,..
.
In
ad-lition
to ..
the UMUal property and baslness taxes, the
following
am^.unts. Tax on earnings $127,413; on account
of
snow
ole»rlnl
clearing
^^'^^
""""""'' "*
«79.809. making
,
a total
failures, especially on the part of th^ new
en«ineH. began
almost every train. By the middle of November
all
too"»P"n
and presumably the best engines were practically of the heavv new
neelels anfTft, th^
''"P*'" ^^te"- btintf in SBrvtoe less^han
?«^^m^°t/^*^n?,f.'^«.'""*-''°^
deprived the road of all power most relied
upon
At tS«°J^„',o ^t^'^
*""• 0'ain.^nce.l the severest winter ol
many years'
Th«r« t«^™K'
continued falls of snow, especially
Mfohlgan'
Thf«
«rTn^?
H*r^.?"**
This crippled further the train service and
resulted in •'''°'®*''«'l
decreased "*rn
oi?n'
Ings and a large Increase in the expense
of operation
^
or^7^!?n„
.*'u*'*t."
occurred and continued during the period when
almost total curtailment of the coal production
in the Jackson ni.»
of orders, a condition which continued
to
prevaU°umn°H''en?iJ?°*'
^*'""' '^''.««« oontinaed misfortunes
«ro snown an
SrlsSown
allRlaint^in'thS*'
too plainly tn the
of the Auditor.
of $307,292.
wure as b-low givon:
190304.
1902-03.
1901 02.
Passengsrs carried.. 60,28 1.834 54,592,014 49 917 467
Transfers
17,915,2*2 16,774.596 15',077,6ll
Gross receipts
$2,463,825 $2,222,78 ^ $2,046,209
Operating expenses. 1,510,998
1,316,849
1.135,176
P.O. of oper. expenses
to car earnings
(6237)
(60-20)
(5639)
Net earnings
$9.'S2,827
P. c of earns, to city.
$12<,093
111,392
642,520
60,000
20.000
Int on
accompanying reports
sam
R 'Salts tor foar years
polm.edwatersupplyfo"ifo^rart1felon|&^h'"A'n^
bonds* loans
Dividends (10 pc.)..
Contingent fund
Fire insurance fund.
Total
Sarplas
$952,005
$322
1900-01.
46,741,660
14,215,784
$1,900,680
1,105,267
(58-62)
$905,939
$107,183
113.849
600,000
50,000
25,000
$911,033
$95,115 >
$896,032
$9,903
$910,066
114,951
600,000
C
$795,413
$146,162
681,700
60,000
100,000
$967
$747,862
$47,651
—
.
.
Nov.
THE CHRONICLE.
19, 1904.]
BALANOB SHEBT SEPT.
1904.
AS3tt8~
Conetructlon,
»
.
1903.
$
8,«50,2a2
3,287,1B1
30.
1903.
t
1904.
Linbilities—
t
Stock paid up
6,600,000
fl,0oo,noo
Bonds
8,178,3:<3
2,473.333
2203
of rails, billets and wire rods, but it maybe found, later on, advantageous to Instal the plate mill and 22 Inch merchant mill, which the company has already purchased.
President Plummer also said: "We have been working
thus far chitfly to improve the quality and to reduce the
1,666,876
liigs
cost of the pig iron and steel, and to complete the plant, so
]09.02'l
199,546
Accounts & wages.
Mon. P. & I. Ry.
3H,351
Interest on bonds
3.\3o0 that the steel may be made into materials that can be profitstock and bonds. 1,1('5,265 1,160,105
136,7SS
on
earntnys..
114.035
Tax
Sub. Tr. & Pow. Co.
ably sold in Canada; we have partly accomplished what we
12.9-4
Kmployees' secur's
10,302
60,000
..."
stock
Unclaimed divl'ds.
1,957
1,957
159,53)
187,548
Stores
deem necessary to these ends, and will complete it within the
Unreiieemed tick's
26,768
22,9(56
113,596
90,570
Accounts receiv'le
next few mou' hs. We look for good markets after the turn
SuapenBe acoount.
125.750
.R9,512
Cash in bank and
l>.S,liO)
Dividend Nov. 1,.,
32,931
150,1 00
25,289
on bund
of the year. There is a large consumption in Canada, large
]2'J,aU
ContiUKent acct...
179 flSfi
208,000
206,000
Fire insur'o fund.
enough to keep three or four such plants as ours in full
Fire insur'ce fand.
267,905
239.377
M. P. & I- Ry Co.
163241
169,166
Surplus
619,665
518,713
GUI rent account.
operation. On one point I can speak very confidently, and
Total llablllt's. 11,015,375 10,403,721 that is the quality of onr procucts.
No one doubts the
Total assets. ..11,015,376 10,406,721
—V. 77, p. 2034.
quality of our atee' our wire rods have given entire satisfaction to our customers, and the results of the experimental
Domliiion Iron & Steel Company.
lot of rails made from the steel cotifirm our beliet that open(Report for the Fiscal Year Ending Dec. 31., 1903. J
hearth rails vtill be found as much superior to Bessemer
President J, H. Plnmmer in the report presented at the rails as cpen-hearih axles are to Bsssemer axles. Ic has been
anBual meeting on Oct. 19 saye:
thought advisabJe to keep the plant running during the past
The main efforts of the executive have been directed to the ccmple- winter and spring, even if it did no more than pay operating
tlon and Improvement of the plant on the Reneral lines laid before the
The company is now doing somewhat better than
etovkholders In September, 19os. The addltloos to the plant decided expecses.
on ooneleted of the f llowlnp: The oontlnnouB billet mill, the rod mill, thif-; but will not show any mateiial excess over operating
the coal waebiiig plant, and the rail mill. The flret three of these have charges until the plant is all ranning."
been completed and the rail mill is well under way.
Vice-President Nioholls spoke of the confidence of the
The surrender of the lease of the Domltion Coal Co.'s property was
duly carried out and the sum of $2,635,000, witu Interest aooorftlng to directors in the property, which led them to subscribe for
agreement, paid over to ns Deo. 17, 1003. The tiispcsition made of $1,500,000 second mortgage bonds at par in Jun<', 1903, at a
this sum is shown In the aooonnts^viih the coal department as foltime when the first mortgage bonds were worth little more
lows
Received from coa' depart't. $265,000 than half that figure; also of the improvement which has
Earnings account Dec. 31,
$1,977,S2R
1902 (V. 76. p. 1141)
do do Dominion Coal Co. 2,6-5,000 since been effected in the status of the enterprise.
do do
16,628
do forlnterest
Rent Jan. 1 to Auk. 31, 1903.. 1,< 68,667
The income account for the year 19' 3 follows
118,100 Written off
245,4b7
Int. on loans to pay rentals..
I^COME ACCOUNT IKON & STEEL DEPARTMENT CALENDAR TEAR 190?.
Total
$8,162,095
Total
$3,162,096
Net profits
iron and Steel department on sales 1903
..$341,890
A strike which lasted from June 1 to July 23 and ended in the re Shrinkage of
in value of stock of pig iron, steel, etc., pi ovleion
turn of the men to work on the conditions which h»d previonsly prefor bad and doubtful debts, etc., chargeable to operations
vailed interrupted oonstruciion and other work during the best part
of 1903
226,313
of the year, but nevertheless satisfactory progress has been made.
The company's maviufactuilng business for iy04 liad steadily ImNet
profit for year
$115,577
proved up to the end of May. Af rer that date its progress was inter- Rentals received
8,087
rupted by the strlki*, and by continued inactivity of part of the plant
waiting on the flnlehing of the coal washer, and normal conditions are
Total net Income
$12S,614
only now being resumed. The expeienoe of the past month justifies
Deductions—
the belief that the use of coke from washed coal will inorease the out- Int^-reston first mortgage bonds
..$395,650
,..
put and decrease the costs, and your directors have confldenoe in the Sinking fund on bonds
55,800
outcome of the business bo soon as the company's plant Is in fSll General interest account
131,303
operation.
Dividend on preferred stock April, 1903
87,500
Graham Fnzer, director of works, submitted substanBalance,
deficit,
for
year
$546,539
tially the following:
Note—To above deficit, $546,539, add balance of account for coal
Iron Ore —Our chief sonroe of supply ii the oomnany's mine on
department written oflf (see above), $245,467 also appropriations for
Bell Island, Newfoundland, known as the Wabaua Mine. We shall
shrinkage in value of materials not chargeable to operating account,
take oat this year about SIJS.OOO tons, of which 1 15. Ouo tons goes to
Europe, where it has been sold at fair prices, and the balance to our 1903, provision for unsettled claims, etc $123,t34 total, $^16,640}
Bydney.
works
There
is
ready
own
at
a
market for it in Europe, so less credit item (reserve and suspense account transferred), $21,790;
and credit to profit and loss Deo. 31, 1902, $309,613; balance, profit
that we can a. ways dlRpose of our ore whenever that is found desira
and loss, deficit, Deo. 31, 1903, $584,237.
ble. The ore costs less than the original estimate. A limited amount of
la
for
special
purposes
bought
ore
elsewhere, but the total amount
BALANCE sheet DEC. 31.
dr as not exceed 7 13 p, c. of onr ore consumption in the blast furnaces
1P02.
1903.
lers.
1902.
LiMfcSTONE.— The valuable deposit of limestone on the company's
Zjiobilities
Assfts—
*
S
$
$
etc.. 3,8(12,188
»,699,3»8
Bqnlpment. etc
Real estate&build-
1.627,O0H
Mortgag''8
Bank of Mon loan
P,031
fl.O:U
318,16rt
407.45B
;
:
:
;
;
,
property at Marble Mountain, on the Bras Q'Or Labe, has fully maintained Its good quality, and the supply is ample, but the cost has
hitherto been too nigh. Oar output for the current year will be about
150,000 tons.
Coal and Cokb.—The coal received from the Dominion Coal Co. re
quires to be washed in order to reduce the sulphur and Improve the
structure of the coke, so that it will work economically in the blast
Our coal requirements, with two bla^^t furnaces ruaniug, are
f arnaoe.
about 4"',000 tons per month. A new washing i^laat has been erected
during the past spring and summer, onnbistlng of two units, each
capable of washing 100 tons of coal per hour. It is now praotloally
complete, and washlnfir sufflolent coal for two blast furnaces. Tue
present 450 coke ovens will not make sufficient coke to run three blast
furnaces, but I think it better not to build additional ovens until the
effect of the wafhlng plant is fully known.
Furnaces, Etc.— The companj's four blast furnaces are well
equipped with modern machluery; two are in blast, one making foundry and the other basic pig iron. Five of the ten furnaces of the openheaitU plant are in operation, and doing fairly good work. The remaining furnacts are being overhauled, and the additional gas producers needed to complete the plant are under construction. The
bloc mil g mill isi in good condition and of snffloient capacity to roll all
the ingots we are likely to produce in the 10 open-hearth furnaces
Inorder to get the best results and a sufficient and prompt supply of
blooms for the billet and rail mills, it is ueoesi'ary to remodel and enlarge part of the present heating furnaces. Plans for the work have
been prepared, and the Improvements maybe completed by the time
we are ready to operate the rail mill.
Finishing Mills —The continnous billet mill, which was completed
blooms into small billets, without reheating, faster
than the blooming millo^n deliver them. Tbe billet mill supplies bil
lets to the wire rod mill, also 1^ to 3 inch billets for the market. The
rod mill, which was a so completed In April last, was deeigned to roll
200 tons per day, "out has proved itself capable of turning out 250
tons. This mill haH proved highly succeBsful, and Is making wire rods of
very satisfactory quality, the nail mill now being installed will havn
a Capacity of ftOO tons a shift. We expect to be ready to roll rails for
next eeasin's demands.
JPhodocts —The company's products now ooverthe following range:
1. Baste pig iron made from Wabana ore without admixture, the
only pig used by us fur the manufacture of steel.
2 Foundry pig Iron, made from vvabana ore alone, which produces
cheaplj an iron of better quality than Mlddlesborough, Eng,
3. Fonndrv 1 Ig iron of higher qoality, similar to Scotch foundry Iron,
made from Wabana ore with a percentaee of low phosphorous ore
mixed. 1 be ore used for mixing has usually been brought from apain;
this year we bought 20,000 tons on Lake Superior.
4. Steel lugots, in manufacturing which pig iron made from Wabana
in Apiii, will roll
ore alone
is
need.
Blooms, billets and slabs for sale, and billets for use in rod mill.
Wire rods up to 38-inoh diameter.
In addition sulphuric acid and the hy-produdts of the orke ovens,
tar, sulphate of ammonia, etc., are sold, and before long we ohall add
steel rails to the above list.
Now that we can supply two blast furnaces with coke made from
wafhed coal we look for an Improvement In practice and cost. Steel
made from Wabana ore alone,hae proved to be of good qnallt". a large
tonnage has been manufactured into boiler tubes, boiler plates, locomotives ann car axles, angle plates, wire rods, and all other products
for which opeu-hearih steel Is UfOd. Before starting to build the rail
ailll, 116 tons of steel blooms were sent to England and made into
80-ponnd rails. The rails were rolled and tef>t«il under thu supervision
of expert O, P. 8»ndberg,who repoitt most favorably of their <iaallty.
Oar whole tonnage coold ULdoubtedly be sold in Canada In the shape
ft
6.
;
Propert y
33,550,045 33,466,257
Cash and acconnts
2,491,675
2,229.072
6,181
62.896
rent^il. two
months, paid in
advance
Profit
and
loss
.
266,666
.
.
.
Bonds
siocb. ...20.000.000 20,000,000
5,000,0007.87rt,000
7,946,000
Real estate debens.
Rolling stock debs
80,0u0
2h6,o66
684,237
2d morftfe bonds
Mortgages
Notes He accounts
payable
405,000
72,000
2,422,913
Total.
86,108.076 38,605,567
4.274,733
Interest, dividends,
etc
.notdue
196,900
....
Contingent fund
Res. for replace'ts
Profltandloss
-V.
360,880
270.879
Loan secured by
Coal
Specitil deposit.
Common
Preferred stocH.. 6,000,000
receivable
404,865
Materials
1,802,748
Insurance, taxes,
etc., paid iij ad-
Total.
204,4e»-
£6,991
127,263
309.6i2
36,108,076 38,506.567
79, p. 502.
Greene Consolidated Copper Company.
(Report for the Fiscal Year ending July SI, 1904 J
President W. C. Greene says in substance:
General Remarks.— During the past year a large amount
work has been done upon the mines at Oananea, Mez and the ore
,
of
re-
serves have been more than doubled. The capital expenditures
amount to $1,268,77^, of which $141,552 were exi ended in the mining
department, $639,777 in the concentrating department and $136,9^4
in the smelting department.
The additional stock authorized at the stockholders' meeting on
Feb. 10, 1904, was all taken by the stockholders at par, $10 per
share, making the total capital $3,640,00i). The proceeds were applied to the extinguit-hment of the company's Indebtedness.
No mention Is made of the ore reserves amongMt the assets of the
company. These amount to many mlUloas of tons of merchantable
ore now exposed of a probable net value, at present prloes of copper,
of $3 per ton. The value of these ore reserves, if carried as an asset,
would very materially increase the surplus account
The very large amount of fine ores encountered In the large bodies
of ore exposed during the past year will render necessary the construction In the near future of two reverberatiry furnaces and a battery of McDougal roasters, and spectfloatlons are now being prepared
for the eame. The cost of these improvements will be met from earnings, without interfering with the reguUr dividends.
As a large amount of the construction approaches completion, it has
been posxible to make large redncnoas in the clerical f 'roe and a corresponding reduction In the N't'W York expenses, and everything possible is being done, both in New York and Cananea, to introduce
economies in all departments of the service.
IMPROVEMEHTS.— When the Improvements under way during the
year are eompletert, they will materially increase the output of copper
Our policy
and correspondingly lessen the cost of production.
during the year has been to work a lower-graile ore than was previously handled, with the object of equalizing the production and not
exhausting the reserves, conservative buslDess policy demanding that
Wlih
the lean ore should be worhed together with the better grades.
the completion of pr< Jected Improvements, It is conddently expected
that ores giving an extraction of 2 p. o., or 40 pounds of copper per
ton, will show a handsome profit.
General Manager A. S. Dwightsays in part:
New CoKOKNTiiATOR. -The remodeling of the old concentrator upon
economical and approved lines, and the construction of an additional
concentrating unit of 1,000 tons per day. has been the principal Item
of new oonf traction during the year. The oomoleted mill will be unquestionably one of the most perfect, as well as one of the largest,
concentrating plants on the continent, and the oonsiderftble capacity
:
'
THE CHRONICLE.
2i>()i
• ffordfd for treatlnjr the Immenge reservos of low Krade ores,
now
blocked out In the Oananeanilaes.conHlltatlni? an they do
oneof the
moBt valuable a^setH the ooiupany poeHPSBeB. wUl be no greater
than
Is Deo«8Hary to troat thera on an economloi*!
scale
DEVKLoi'MKNTB.-The development of new ore reierves
H,?:.""'i?
nated as the -Massey" body. In the soath end of the
Over»tKht
eepeolaliy worthy of mention. It promisee to be one
of
fh2"°^V*'''"*^
°'»««'0''thy ore bodies ever developed In Oananea. Llke^^.ti^^K*
the Capote and Veta Grande ore bodlle
rtf;«i''tL"L'''*?P'*.''e^"t«'"'^
at
Rreat^ir depths Is the best answer to dlsort^rtMnK
theories
>.^«i5fL**P'i""**"'? *°'l 'levelopment, which have for their object
ore bodies In advance of the aotnal ore ex
"\"'
f?<foUon are
K^^^i^n
v"r."Jh.'^ charged
trHCtlon.
Invariably
agalnet the carrent mining cna 8
*"*«** «f °«'taln special woVlfa which
ire intended
are
lS?6L'6^d°?o
^V^f
to 'fil,m?^.V'
facilitate and
cheapen the handllug of the ores on a
present
limited ?o iheSialn t?»"n8*por?a
'^**
lfoTtS?,n.V/^L"n'),?'*'>?
^®^* Grande No. 9, with their oonl^^u^^lil:F^^°}^^.^° ^ *"<*
working shafts O^pote No. 10 and Veta
QranSS vi°^®' "'^uJ^^ "*i°
*°' "' ^^'« ^"^'"^ '« '« "^^^ P"««-»
SK%^o^te'apKr
Sl'y'lfgf
contracts have
dur
^.,?^P*®*^^'°''°*^,^'°'^*-'^^*>
Ing
the past year with the Mexican Government;been negotiated «""
one a railroad
[Vol. Lxxix,
found It Impossible to sell enoagh yarn to keen all onr Bninrti-. ».,.,
".""^
^\^''' °"' H§vl8^kble to maS^ yarn ""«'
oat oi
o^abno,"
aonormanv"S/"H"
mally
high cotton and hila for a future market.
'^^ average of 66 per cent of onr spindles during
the vear
ttnrf ^f'.*"
?" ""y »»*» " ^« """'I »'»ve ran the m'lls on fSu
fTm« hl".°?H''"::*7
''""»°e« Of prodnctlon. the prcHt would have
beSn
mmfh larger.
iur:^'l'°57*'"'
mnoh
We are now running 76 per cent of our spindles airalnJi
o^ss"rerlLs^ra'.or
^-^^ ''"''"^«''" ^"'"^^'^ •^'^-'^
"^"^
-
"-
^^^^^ °^ ^<^*' ^' ^^0*' compares with that of
fwl^f^
the
old ^tl^^^^T
(New Jera-y) company as below:
BALANOB SHEETS OCT. 1, 190i, AND JDITB 27, 1903.
Oct. 1,
1^04.
t
Allttl —
HIant, good
June 27
etc..
Material -raw, la
process and fln.. 2,321 950
Accts. & notes rec.
65^.15'?
Inve3tmenis
125 054
Notes payable
2,568.705
401,050
834,293
..
treasar^
in
Oosnold mtllK stk
Suopenee account.
Total..
18,293
X After paying and
27,
1803.
5.0'0,000
0.' 00,000
5.2 S.00O
...
Accts. payable... |U68.698.J^.0J|.000
!:82,123
Taxes
15,950
614,284
81,000
3Q0.OOO
27,118
Interest due.
Edd't on note.
1:6,348
...
...
Proflt and loss
Suspense account.
....12,880,770 17.868 364
107.
June
Llabmtia-
8,131,120 13.264.12')
Improvements
Bonds
Oct. 1,
J 904.
t
Pref erred stock.. 2.000,000
Common stock... H.90 1,1 00
Klist M.55C bonds 5,213.000
,
1903.
t
will.
^ash.
addition to assuming a number of minor obllgarlons.
2»?^5a ^4
metallurgical plant to the extent of farnlHhlng
an fd5KSr«*.'.®.„',V
Tht-nhi.l,1^°*''?,?'i^'"'L*''^*''«**°i^°'of SCO tons of ore per day.
^""^^ *'"^° "^"•e t»i»° fall! lied when the new conJ«mr»toJ?*«^i*"'
centrator, now ^^H^
under oonstrnotlon, is completed
8HI1-MENT8 -In addition to the ore treated at Oananea
th!?r^^^ °?f
tonnages of ore. concentrates and
flnednrt 10
nneanct.
ln'te^nitfr^*"J''''f?.'^
Unitea States Smelting Co.. anvon Oltv rol iiHst-nnaReflalagoo.. El PasJ^Tex. 16,922 tonff total!
^
lyiuffn^T ^r""^«
"•"? *^« ?' ^*«« Bhipments were made In
?h4Vorm 1^
iw%''«.7iTffor
Of certlfloates
electrolytic copper deliverable In New
vif.l acd
o
York,
amounted to 4,602,004 lbs. eleotrblytlc copper.
'^^'^
•
Total..
X 1.575
37,699
10w,«40
SOO.CQO
84,057
80.481
..12.360,770 17,898,884
allowing for Interest on bonds to Oct.
1,
i904.— v.
78,
GENERAL INVESTMENT NEWS.
<
CONSOLIDATED PROFIT AND LOSS AOCOCNT FOR TEARS BNDINO
JULY 31 (U. S. ODERKNCr).
1903 04
1902-03.
Production, etc.—
Fine copper, pounds
Silver,
ounces
Gold nnnnoo
Gold.ouDces
Gross value of foregoing
Gross receipts from sales
55 014
."
^<Jt)
42,310.544
397,425
2,391
$5,706,192
'47q4so
o'^ro
,,
y
,vo2
«7 340'iso
7 285 454
.".'
Average price received for copper per lb.".'.'.'."."."
127l'ct8
Frojii and loss account —
Gross proceeds of copper sold
»RQn^ sQi^
seuing and shipping expenses:::::::::;::::;;:;*®'!^!!*
12-78
cts.
o^hnnA
7
*' 0'-.
92,292
is
S
Atlantic Coast Line RR.— Extra Dividend.— The directors
bave declared an extra dividend of 25 p.c. on tbe
common
stock, payable 20 p. c. in common stock scrip of
the Atlantic
Uoast Line RR. Co. and 5 p. c. in 4 p. c. certificates
of indebtedoess of the Atlantic Coast Line Co, of Connecticut
i his dividend represents money applicable to
dividends which
has been usad In the development of the property. It
will be
paid Jan. 10, 1905, the date of the payment of the
reealar
semi-annual dividend of 2^4 p. c. on the common stock,
to
holders of record on Dao. 24. The outstanding
common stock
aggregat-s f36,650,000, so that the present distrihutlon
calls
for $7,330,000 new stock (making the total amount
of common stock outstanding 143,930,000) and for |l,832 5 JO certificates of indebtedness, part of the $3,869,000 in
the treasury
proceeds Of sales of copper
$6,735.?41
*T«*^®^
Net
value of copper on hand..:. .
I887 2^fi
^'°°''^°^
Proceeds of sales of sliver and net value
uo ui
of
«
silveronhand
g^- _„„
Proceeds of sales of gold and ne"t vaiuVof goid
RAILROADS. INCLUDING STREET ROADS.
Atlantic Coast Line Co.— Tb Receive Extra Dividend.— Sae
Atlantic Coast Line RR. below.— V. 78, p. 1039.
8J
on June 3 1904.
New Stock.— The shareholders at the annual meeting on
£^o^«Vp^„*^°''^°''^^®'^ *^^ increase of the common stock from
$36,650,000 to $50,000,000 to provide for the abo^e-mentioned
dividend and for other purposes. There is also
$1,726,700 pre),
Cost of product and Inventory
*7,'227,552
»l,782,960a$l,311,125
^ehaS?«?J«^^2f^"'"°»'«*«
'....."".'".','."'.
Mlecellaneons
revenues
it'.804
211,557
Deduct
Administrative expenses
$1,797,764
$1,522,682
£164 ^aa
159 iso
$303,446
12>,913
275,858
Interest, discount, etc...."
Depreciation, reduction of Inventory,' etc.V.'.V."
b 506;932
Total deductions
$830,437 ~?702i217
Fronton operation for year
«afi7 ^^t
vioon ack
Dividend (see V. 79, p.
i333)"::::::::::::::::(6o/„TfKJ(€o/„*|i?;^i3
Balance for year
^448 927
$388,645
a The'
w?j;*'°®*^^ "* ^^}^ °* bullion after deducting refining, selliTn? «nrt I'h
deduct "cost Of bullion
fo?vearM«^h^^P^''*^r'^*'"«*3'^'2,403;
>,a^/.^,^°'®5'***'^'^'°«*'®Preciat ion of plant and providing for ex
""^^ bodies, $3,l«2,6il," and add "cost
of bullion in trln«u «l*^*','l.°^
°' refining, $931,342;" bal., as above. $1,811 125
».T„«,'^/'"°°'''^
appropriation for depreciation of plant. $i07.9S8/addmn^S °r^.^l
^^ betterments, etc . charged It operating
exDenses) and
«I^l?^^'
^«"«<^"«"«'' Of iBventor^y of c^ppfr^^'oThkn^to
$898?94T**
CONSOLIDATED BALANCE SHEET JULY 31 <U 8 OUBRRNnv^ tv
^^^
CONSOLIDATED COPPER Cci., CAnZneA
'^'-''Tm,^^^^^*^
80LIDATBD COPPER CO., 8. A. BANCO DE OANANEA CONAND MERCANTILE DEPARTMENTS.
oo'^t
1904.
1903.
AstetaI
I
Invest, of capltal.al4,431.149 13,230.687
.
.
Qreene Con
Co. stock at par..
Mat'ls & supplies..
Net equity In ore
on hand, etc
Advance paym'ts
on purchases
Bills receivable ...
Accts. receivable..
Cash In banks and
on band
Miscellaneous
Total
8.000
923,661
6,ono
891.151
913,812
28,874
346,865
76,7*'H
263 238
307.802
269,259
42,206
152.804
1904.
lAabilitita—
Cooper Co
8,640.000 7,200,000
Capital reserves. x5,680.079 5,616,079
payable
...
811.191
288 295
Accounts payable.
4flS,2i4
880.H1H
Accrued labor
177.727
lb8,9J3
Bills
Deposits In Banco
de CananeH
Overd'ts by Banco
863.472
de Cananea
Net Hdvau, onconiened copper
Store ordersout'g.
Hes'v's from rev..
Surplus
17.190,090 ii.iss.goa
1908.
Stock Oreene Con.
Total
9 5,145
148,943
691,'919
392,806
70,23 S
17, 1 90,090
11763,906
Mortgage.— Ttxe shareholders further approved the purchase
Jacksonville & Southwestern RR. in Florida
They also authorized the placing of a mortgaee
of $2 000 000 on the property for the purpose
of exrending
the line 80 miles, refunding its $500,000 bonds
(already canceled) and completing the payment for the property.
(Comttr
vN^ A«
J
? Ji^.^^.^^'®
torjj685,()00.
pare V, 79, p. 783.)
flepor*.- See pages 2209 to
premium on shares Issued.
and proceeds
i.tiaoknrT^^'^
of
182.600 shares donated to company by W $3,528,245,
O Greene S2 1R1 a Ia
.z Includes cost of Oananea Oon^olM^tL
nr:^ril,^^:.?l'Ph^^^k
Boston
year
•
S%
& Maine RR.— Bonds SoW.—The
2,400 shares of new preferred stock at $72 a share, to the
extent of one share for ten shares now held, receiving
with
each share subscribed one share of common as bonus.
The
recently expended a considerable sum for enlarging the power house, double-tracking and
additional
equipment.— V. 78, p. 2441.
company has
Brooklyn Rapid Transit Co.— Transfer Decision.— J asVan Wart, in the Second District Municipal Court in
Brooklyn on Nov. 11, in severp.1 actions brought by Daniel
tice
— \»
iUf p.
making the
Chicago
Cotton Yarn Co.
(Tor the Fiscal Year Ending Oct 1, 1904
J
in
k707.
total listed $73,487,000.— V. 79, p. 1641.
& Alton Ry.— Sfocfc
Control Trmteed.-The con-
trolling interept in this company's stock has been been
deposited by the Rock Island and the Harriman interests with
the Central Trust Co., to be held in a voting trust, ensuring
Massachusetts
New Jersey com-
owlh that
ohigh
tL?m»nv*'°nf
many of i?n^°«??*^®P*^ty«F™»<*«*^®prl^^
our customers shut down their mUis.
^vo4,
Central Paciflc Rj.- Application to List.— The New York
Stock ExchaDge has been requested to list $2,941,000 additional refunding mortgage 4 p c. guaranteed bonds of
1949.
New England
^"^ Incorporated
$500,000 of 20-
p. c.
many branches or connecting sections of the railroad leased to the defendant asDoay be necessary to enable him to get to the end of his
Jour-
$T8"3,E-iSrt7ne,;'eVtrand Cental ITplVtl'
nr,'^SoJ"o7®VonQ°°'P*°^
on Nov. 27, 1903, as a reorganization of the
pany of the same name.
President C. Minot Weld says:
Cheoniclb.-
bonds issued to refund 4 p. c. bonds due Feb 1
1905, have been awarded to N. W. Harris & Co. and
Oldham & Co. jointly at 98'675.-V. 79, p. 1641, 1638. Merrill
Boston & Worcester Electric Companies.— iVe?i> SfocA;.—
1 he stockholders are offered the privilege of subscribing for
noy.
S^esT.'?^ '?'^TV«\°
2311 of to-day's
V. 79, p. 2084, 785.
J. Pierce against the Brooklyn Heights RR,, held
that a passenger IS entitled on payment of a single fare to as many free
transfers over the lines of the system as may be necessary
to
enable him to reach his destination. See also V. 79. d.
103.
The Court says
The statnte provides that "Every such corporation shall, upon demand, and without extra charge, Klve to each paseeneer paylne
one
single fare, a transfer entitling such passenRer to one
contlnnouf trio
to any point or portion of any railroad embraced In such
contract." It
would seem, thercf re. that a passenger Is entitled to as many snocesslve trauHfers as may be neoeseary to enable him to
ride over as
213,994
173,978
15 3'9
ferred stock outstanding.
harmonious management.
It
is
understood that tbe Rock
Island's holdings cost $10,000,000, and are represen-ed
by
$7,500,000 of the $25,000,000 first and refunding bonds sold
and we
'
woek (see that company below). The prices of the
Alton's shares ranged from Jan. 1, 1904. to Oct. 1, 1904 (when
—
Nov.
—
THE CHKONICLE
19, 190-1.1
the Rock Island purcbase became known), as follows: Common, 33 to 42; preferred, 75 to Sb}4- The total outstanding
Issue is 139,086,800, of which $19,543,800 is common, so that
if invested chiefly in common, |10,000,000 would readily sufThe large amount
fice to buy a maj ority of the total stock.
Co. and the Amerof preferred deposited with Kuhn, Loeb
ican Trust & Savings Bank was sold in September last at $84
a share, presumably to the Union Pacific interests.—V. 79, p.
&
1700, 1461.
Chicago Rock Island &
below.— V.
Chicago
R7.— See Bock
Pacific
Island Co.
79, p. 1951, 1461,
& Western Indiana RR.— Called Fonds.— Sixty-
(|t}7,000) general mortgage bonds of 1882 drawn for redemption are pavable on Dec. 1 at 105 and interest at oflBce
of J. P. Morgan & Co.— V. 79, p. 902, 733,
Cleveland Lorain & Wheeling Ry.— iJeport.—The results
for the year ending June 30 were
Otheritic.
Set.
Ohargea.
Bal.,sur.
Orois.
Tear—
seven
:
$42d,106
$2,898
$114,889
3,478
435,353
696,540
From the balance as above in 1932-03 was paid |534,930 for
construction, improvements, etc, leaving a surplus for the
year of $161,610.— V. 79, p. 2147.
1903-04... $2,839,776
1902-03... 3,159,023
:
$537,097
1,128,415
Cleveland & Pittsburgh RR,— Offering of Special Guaranteed Betterment Stock.— The company has delivered to the
Pennsylvania RB. Co,, in payment for betterments and improvements made upon the leased property by the Pennsylvania Company, 80,000 shares of 4 p. c. "Special Guaranteed
Betterment Stock" of a par value of $50 per share, carrying
quarterly dividends from Dec, 1, 1904, tax frea. This stock
the Pennsylvania RR. Co. now offers for sale. Sealed proposals for the whole or any portion thereof should be addressed to H^nry Tatnall, 6th Vice-President and Treasurer
of the Pennsylvania RR. Co,, Broad Street Station, Philadelphia, on or before 12 m. Nov. 28, at which time the bids will
be opened. Payments for the stock allotted are to be made
on or before Dec. 1. An official statement says:
This stock stands In all respects upon the same footing ae the original stock existing at the time of the lease, except that It h^s no clatm
upon the fund agreed at that time to be set apart annually for a dividend upon such original stock; bat nnder the ternas of the lease, and
Id pnrsaance of an agreement between the two companies under (Xate
of June 8, 1904, an additional dividend fund will be set apart annually, in the same manner, to provide for the quarterly dividends on
the Special Guaranteed Betterment Stock, and any taxes that may.
by the laws of the United States or of the States of Ohio or Pern sylvanla, be levied upon said stock or the dividends thereon, and which
the Cleveland & Pittsburgh RR. or the Pennsylvania RR Co aa
lessee of said road, may by law be required to collect or retain there-
2205
Sale of First $lOfiOO,000 Convertible 4s Completed.— The
block of $10,000,000 of convertible 4s, which was sold to a
syndicate headed by J. P. Morgan & Cj In 1903, has been
marketed and the syndicate wound up. Oaly $8,500,000 of
this blook was actually issued during the fiscal year ending
first
June 30, 1904. Compare
79, p. 1635, 1645, 1704.
V.
76, p. 882, 541;
V.
78, p.
768.— V.
Illinois Terminal RR.—New Mortgage.— The shareholders have authorized an issue of $500,000 5 p. c, 20 year mortgage bonds which will be issuable as follows: $200,000 to
retire Jan. 1 the present outstanding bonds issued Jan. 1,
1900, wbieh have been called for redemption at par (trustee,
Illinois Trust
Savings Bank, Chicago); $150,000 to construct a line from Hartford to Edwardsville in lieu of track
leased from the Wabaeh RR. and $150,000 for future extensions of the property.
The company was formed In September, 1899, by consolidation of
the Illinois Terminal Co. and the Mississippi Valley Terminal Co.; capital stock, $200,000, In shares of $100 each.
It operates 14-7
miles of terminal railway at and near Alton, 111., viz.: Alton to
Hartford, 111.. 6 miles; Hartford to Edwardsville Junction, 7"1 miles;
leased from Wabash RR, trackage Wabash RR.. Edwardsville Junction to Edwardsville, 1*6 miles. Earnings for the year ending June
30 1904: Gross earning-*, $120,379; operating expenses, $72,911; net,
$47,468; less interest, rentals and deoreclailons, $l5, 240, leaving a
No dividends have ever been paid, the earnnet Income of $32,228
ings or net Inoome having been used in the pnrohase of new motive
power, equipment and additions to the property in the shape of terminals, yards and terminal faollitiea in the city ot Alton. President,
William Eliot Smith; Vloe-Preaident, George M Levis; Secretary,
Charles Levis; Traasarer, R. H. Levis; General Manager. H. H. Fergudon, Alton. 111.
&
Kansas Citv Southern Ry.— JVet* Director.— T>. Q.
Boisse-
New
York, representing Holland interests, has been
elected a director, to succeed Lawrence Greer, resigned. Mr.
vain of
Boissevain is also a director of the Bock Island Company.
Mr. Greer, when elected, was identified with the Union Pacific as law partner of its then General Counsel, Winslow S.
Pl6ITC6
Report.— See page 2201 and pages 2211 to 2213 of to-day's
Chbonicle — V. 79, p. 2147.
Laramie flahn's Peak & Pacific Ry.— Bonds Ofered.—The
Isaac Van Horn Co., Boston and Cleveland, is offering $240,000 of the new 25year first mortgage 6 p. c. gold bonds at
par and interest, or 5 p. c. discount for cash. Compare V. 79,
p. 968, 1642.
Lehigh Yalley RR.— Ca//ed Bonds- Op<»cn —The company has culled for redemption at 1073^, at the office of
Drexel & Co. in Philadelphia, on May 1, 1905, all of the
from. Compare V. 78. p. 1222.
$7,900,000 outstanding Mortgage and Collateral Trust bonds
The gross earnings of the C. & P, for the year 1903 were dated May 1, 1897. Compare V, 79, p, 1704, 1642,
$7,470,844; net earnings, $3,591,377; profit to Fennsylvanla
Referring to the above notice, Drexel & Co. and E. B.
Company, after payment of all charges, and 7 p. c. divi Smith & Co. announce that they have reseived a limited
dend, was $1,328,959. The annual amount reqaired for the amoant of the new General ConeoJidated Mortgage Gold 48,
dividends on the ($4,000,000) new stock is $160,000.— V. 79, p. and offer the privilege to the holders of the Collateral Trust
2147.
5s of exchanging their bonds at 107J^ for the new General
Cleveland Terminal & Talley Ry.— i2epor^—The results Consolidated 43 at 983^, at the banking house of Drexel &
Co. The interest difference for the 6 months ending May 1,
for the year ending June 30 were
V. 79, p.
fear-Orost.
Set.
Charges.
Balance. 1905, will be adjusted at the time of the exchange.
,
—
:
1903-04
$1,019,809
1,124,755
$211,661
369,681
$269,065
262,849
Def. SS7,394
190203
Sur, 106,832
-V. 76, p. 209.
Detroit Flint & Saginaw (Electric) Ry. New Interests.
Chicago capitalists, represented by John M. Daffy, acting in
harmony with the Nester interests, recently acquired a controlling interest in the company's $1,000,000 capital stock.
The road is completed between Saginaw and Frankenmnth,
14 miles, except the overhead crossing at Bridgeport, 168 ft.
in length, which is to be finished on or about Dec. 1. An
addition of 2 miles is graded, and it is expected that the entire line to Flint, Mich., about 50 miles of track, will be in
operation by next fall. OEBcers:
Timothy E. Tarsney, Pre"., Detroit; Timothy Nester. Vioe-Prea.;
James
B. Peter, Treasarer; Arthur S Neater, Secretary; T. B. Tarsney.
General Agent, all of Saginaw. General otUoe. Saginaw, Miob., 601
and 602 Beurlnger Bldg. Compare V. 78, p. 12:i2,
RR.—New
Detroit Southern
Intereata.— The rise this week
in the prices of the company's securities is said to be due to
the fast that new interests are expected to become identified with the property who will give the road additional
traffic and also furnish new money for the rehabilitation of
the company.
Reorganization Plan Almost Ready,— The shareholders'
committee, consisting of John E, Borne, Frederick J. Lieman
and Daniel O. Baissevain, give notice by advertisement on
another psge that a plan of reorganization is being prepared
by persons other than themselves, and will probably be issued in a few days, All depo-itors whose stock is then on
deposit with the committee will be permitted to participate
in the plan.
For this reason the committee recommend the
depositors not to exercise the option to withdraw the stock
deposited with the Colonial Trust Co, under the agreement
of Jnly 7, 1904.
Report.— See page 2202 of to-dava Chronicle,- V. 79, p.
680, 627.
Eastprn Ohio Traction Co.— Payment of Over-Due Interest.
—The Cleveland Trust Co. is paying the bond interest due
July 1, 1801, on the Cleveland & Eistern bonds,— V. 79, p.
1955.
Erie
RR.— ^«ar<eriy.— The
ing Sept. bfl Wore
3 mo«.—
Qroas.
Net.
1904 ....!Sl 1,108,458 $4,170,075
1803 .... 12,087,003
4,441,017
earnings for the quarter end-
:
Olh.inc.
S1V.886
79,376
Oharaes.
$2,72s.5a5
2,702,082
Bal.,tur.
$1,483,436
1,818,310
1704, 1642
—
Promotions, On
Wednesday, November 16, Second
Vice-President J. A. Mlddleton was appointed First VicePresident in charge of freight and passenger traffic, with
headquarters in New York, and J. W. Platten, Assistant to
President E. B. Thomas, was elected Second Vice-President
in charge of the finance, accounting and purchasing departments, with headquarters in Philadelphia,— V. 79, p. 1704,
1642.
Manhattan (Elevated) Ry., New York.— Sale of Real Es— Toe company has sold to tbe Hudson Realty Co. the
block bounded by 66th and 67th streets and 2d and 3rd avenues. The purchase price is not made public but is commonly reported as about $700,000. The Railway Company
declines to state what use will be made of the proceeds.
jE?irninflf.s.— See p. 2197 under Interborough Rapid Transit.
tate.
V.
79, p. 731.
Maryland & Pennsylvania RR.— Bond Saie.— The company has sold to the Mercantile Trust
timore $300,000 4 per cent bonds of
&
Deposit Co. of
B »l-
1951, making $850,000
issue of $1,200,000), with
outstanding (of the authorized
$250,000 additional reserved for prior liens. The proceeds
will pay off floating debt incurred for Improvements and
uewtquipmenc and provide for further betterments. Oa
Dao. 31. 1903, there was $185,000 of bills payable outstanding.
For the year ending June 30, 1904, the gross earnings
were'^306,798; net, $86,8u7; fixed charges $84,500; balance,
surplus, $-.2,307. See also V. 79, p. 1387.
MiSHonri Kansas & Texas Rj.— Application to List,—The
York Stock Exchange has been rt quested to list the
following bonds, which have been assumea by the M. K, & T.
Missouri Kansas & Oklahoma RR. Co. first mortgage 5 p. o.
....$5,468,000
40year KOld bonds of 1942
Texas & Oklahuma KR. first mortgage 5 p. o. 40-y6ar gold
New
bondsof 19»3
-V. 79, p. '.4085.1462.
New Hampshire
2,847,000
—
Traction Co.— P/an of Reorganization
having "tecome apparent that the earnings ot the company are not enfficient to pay the Interest on its bonds," a
plan of reorganization has been issued nnder date of Nov.
1 by a committee consisting of Otto T. Bannard, Chairman,
Alfred D. Foster and Charles F. Ayer, with Alexander S.
Webb Jr., Secretary, 26 Broad St., New York City. A circular addressed to the holders of bonds of the New HampIt
—
TUE CHRONICLE.
220G
[
V^OL.
LIXIX,
and the holders of the certificates of ever, it is generally believed that a bond issue will be offered
indebtedneea sened for the purpose of funding the coupons within a year or so. The Philadelphia 'News Bureau" on
thereon for the two years ending July 1, 1905, says: "The Nov. 12 said
The head of a large IochI banklni; arid broknraee hoaae who is closely
Bt verity of the past winter and the unfavorable weather of
the past two eummprs as to t-xcnrsion buwii ess, added to the aHHociated with tbet oontrulilag Interest'* confirms h<4 statement that
the
KPHatT part of tho cost In building th>) Market Htreet.
general unfavorable New Eogland industrial conditions, way, the West PhllaieipUla elevated lines and th* Broiid Street snbsurmake necessary an immediate reorganization. The ccmmit- face roAd would be met by a bond Isae, probably $10 000,000 of 44s,
work.
bri
new
There
will
which
mortgage
on
tbe
be,
wonld
first
reora
of
he
the
plan
thought,
has
prepared
tte, after careful
a call of $5 per eh tre male e>>rly next week, which will give the
ganization herewith, which plan has already been assented says,
company $3,000,000 caHh; and a similar assessment will be made next
to by the holders of more than a majority in amount of year. This will make tbe sto.k $25 paid, and, he think", end the asbonds. The plan, providing for the acquisition of all the BesBmenl feature.
properties for the benefit of the holders ot the bonds and cer
The " News Bureau " also says " The aggregate cost of
tificates of indebtedness, to the exclusion of the stockholders these vast improvements and extensions, including the West
and general creditors, seeks to avoid the issue of obligations Phiiadelphid Elevated road and that part of ihe Subway now
entailing fixed charges."
nearing completion, will, it is estima'^ed, he anywhere from
The plan provides as follows: "A new company or board $12,000,000 to $15,CO^O00.-V. 79, p. 2148, 1329.
of trustees under a trust agreement, such new organization
Rochester (N. Y.) Railway & Light Co.— Listed in PhUabeing hereinafter called the "new company," shall be formed
delphia.— The Philadelphia Stcck Exchange has listed |6,to take over by foreclosure or otherwise all of the stocks
bonds and other securities owned by the Traction Company 500,000 common stock, |3,C00,C00 cumulative preferred stock
and held as security for the bonds, or the physical properties and $5,099,600 5 p. c. coneoiidated mortgage gold bonds.
213.
of such corporations. The new company shall Issue, not ex- Compare V. 78, p. 1782,— V. 79, p. 787,
ceeding:
Rock Island Company.— SaZ« o/ Bonds— J"-mea Speyer a
1. Oommon etook entitled to all dividends over 4 p. o.
Director. — It was announced on Tuesday that the company
on preferred etoolr. Total aathorlzed lasae
$4)000,000 had sold to Speyer
Co. $25,108 000 First and Rsfunditjg
exlstSR
$6,6i5,000
wbloh,
partlalSconeideratlon
lor
Of
3,312,500 4 p. c. gold bonds of the Chicago Rock Island & Pacific Ry.;
lDKbondaat50p. o
also thht Mr. Speyer would enter the board of directors of
leenable, $ for $, for oenifloates of Indnbtedness or first
596,750 the Rock Island Co. and become a member of the Finance
mort. coapone dne Jan. 1, 1904, to Jaly 1, 1905 (Inc.).
91,250
Available for other purposes
Committee. The proceeds of the ea!e will reimburse the
2. Preferred stock, with preference as to assets as well
treasury for capital expenditures heretofore made, including
as dividends; dividends limited to 4 p. c. per annam.
Alton stock, and
non cumulative. Total authorized Issue
$4,000,000 the purchase of an interest in Chicago
Of which, as partial consideration for $6,625,000
will provide for the payment of obligations maturing in 1905.
exlstlEg bonds at 50 p. o...
3,312,500
The following is an official statement showing the amounts
687,500
leenable for other purposes
of First and Refund'ng bonds issoed to date and also to be
The preferred and oommon stock of the new ooirpiny shall
have equal voting rights, but any proposed action by the new com- issued during 1905 and the amounts thereof now sold to Speyer
pany, required to beooneen'ed to by the holders of any particular & Co.:
proportion of the capital st> ck of the company, shall not be taken
FIB8T AMD BEFUIfDINO BONDS IS8CBD AHD ISSUABLE DDBINO 1905.
except upon the consent of such proportion ot each class of stock.
TotaL amount.
Now told.
(1) Issued prior to June 30. 1904—
Tbe holders of the existing first mortgage bonds of 1902 Total issued. $1 1^,274,000 (details in report
V. 79. p. 1716), viz
($6,625,000) will be given in exchange for the same 50 p. c. in
Pledged asaiust $5,000,000 notes due
preferred stock and 50 p. c, in oommon stock. The holders
April 1. 1905
$7,500,000
$7,500,000
of the certificates of indebtedness or of first mortgage conpODS
Pledged aara'nst $7,500,000 notes due
11,250,000
due Jan. 1, 1904, to July 1, 1905, inclusive, will receive tliereJulyl, )907
Not pledced
524,000
for 100 p. c. in common stot k.
„q. qqq
(2) Issued since June 30, 904
.q
•'^"•*^»>"vv
Holders are r( quested to deposit their bonds and certifi- For capital expenditure's. Including purchase
f
cates of indebtedness with the depositary, the New York Se10,130,000 J
of an interest In Chicago & Alton stock
Trust Co., No. 26 Broad St., N. Y. City, or with its
curity
Total Issued to date
.$29,404,000 $17,704,000
agent, the Adams Trust Co., No. 48 Congress St., Boston,
(3) To be issued during the year 1905—
Mass., en or before Nov. 19, 1904.— V. 79, p. 2088, 1462.
$1,000,000
general
bonds..
..$1,000,0000
agalLsC
mortKaxe
Jan.
ehlre Traction Co.
:
'
:
&
&
:
")
:
1
&
New Jersey & Pennsylvania Traction Co.— Ouaranteed Feb.
Bonds.—See Trenton New Hope & Lambertville Street Ry. Feb.
Feb.
below.— V. 77, p. 1226.
May
New York Ontario & Western B-j.—New Bonds.— The pro- Aug.
posed 112,000,000 new bonds, of which the present issue is to Oct
be 12,000,000 of 4 per cents, arecffiijia ly described as follows:
Payable In gold, not more than fifty years after their date, with Interest at a rate not exoeedlog 4 p. o. per annam {not i^ p. o. as Inadvertently stated last week), payable half yearly, redeemable on six
months' notice at 110 and iaturest, and secured by a mortgage upon
the railroad, property and franchises of the company acqtalred and
that may thereafter be acquired. Compare V. 79, p. 1332, 1266.—
V. 79, p. 2148, 2086.
—
New York & Ottawa RE.
Beorganizcition Plan, The rerepresenting the first mortgage
bonds and second mortgage bond?, nearly all of which have
been deposited with Spencer Trask
Co., announce that a
plan of reorganization has been prepared and filed with the
organization committees
&
aforesaid firm.-V. 78, p. 288.
New York WeHtcbester & Boston (Electric) Bj.— Securities.— The New York Railroad Ci mmission has approved the
propositions to increase the capital stock from |1, 000,000 to
$20,000,000 and to issue $20,000,000 first mortgage bonds.— V.
79, p. 628, 501.
Ohio Kiver & Western Railway.— iVbt to be ElectricaVy
Equipped— Standard Oaugirg —The prtject to equip this
with electricity has been abandoned. The road is now
being standard-gauged and otherwise improved to make it a
high-class passenger and freight route. The road is controlled by the Appleyard interests, which have large investments in Ohio trolley lines. See map on page 1528 of Street
line
Railway
Section.
— V. 76,
p. 159.
Peoria & Pekin Terminal By.— Earninga.— The company
reports for the fiscal year ending June 30, 1904:
1,
1,
1,
1,
1,
1,
1,
F
O
O
anols & SoulUn notes... ...
O. & Q. equipment "B",
O. & Q. equipment "O".
4,600,000
70,000
220.000
Choctaw serial bonds "O" ... 1,494.000
70,000
Choctaw e qulpm't notes " B"
50,000
against Choctaw equlpm't notes ' A"
against
ag.lnst
against
agalDst
against
Grand
total
xf36,808,O0O
4,500,000
70,000
220,000
1,494,000
70,000
50,000
$25,108,000
z Includes $11,250,000 pledged aeainst $7,500,000 notes due July 1,
1907. [Compare page 1777 of Railway & Industbial Section and
CHBONICLE, V. 78, p. 228, 234; V. 79, p. 1716.]
The authorized issue of bsods under this mortgage is
$163,C00,C00, of which $82,035,000 are reserved to refund an
equal amount of prior lien bonds and tbe balance for future
acquisitions, equipment and betterments. They are direct
obligations of the Chicago Rock Island & Pacific Railway
Co. (the old company), which has paid dividends for many
years, and since 1899 at not less than 5 p. c. per annum. For
the fiscal year 19u4 the company paid 8 p. c. on its share
capital of $75,000,000.
"The bonrts are secured by a first lien on terminal property
quipment and
in St. Paul, Minneapolis and St. Louie, new
shops at Moliue, 111., costing in all about |l8,6t 4.000, and on
railway lines aggregating 1,148 miles, includiog the lines
frcm St. Louis to Kai^sas City. They are also secured by a
lien (subject to existirg mortgages) on all lines of the railway
company, aggregating (exclusive of 861 miles of leased lines
and trackage) 5,690 miles."
Speyer
Co. announce that the entire block of $25 000,000
has teen re told by them in this country and in Europe,
a ooneiderable amount being taken by savings banks in New
York and Connecticut. Tcey are now quoted at 98 and interest, and ail Rock Island bonds have advanced on the announcement of Speyer «& Company's connection with the
'
&
ct mpany.
This is the first sale of the First and Refunding bond?, although blocks of the bonds were pledged as collateral for the
$5,000,000 one year notes noted above and for the $7,500,000
notes which mature July 1, 1907. As to Chicago
Plilladelphia & Erie KR.—Sale of City's Holdinga.-See three year
see that company, above.— V. 79, p. 2143, 1950.
"PhiladelDh'a," page 2221, "State and City Department."— & Alton,
St. Joseph Railway, Light, Heat & Power Co.— ApplicaV. 79, p, 2 188.
The New York Stock Exchange has been rePhiladelphia Rapid Transit Co.— Assessment Called.— tion to Lnt.—
The directors on Nuv. 14 called an assessment of |5 per sliare quested to list $263,000 additional first mortgage 5 p. c. gold
on the stock, payable Jan. 20,1905. This will make the bondsof 1937, making the total listed $8,763,000.— V. 76, p.708.
St. Lonls Brownsville & Mexico RJ.—^eto President.—
800,000 shares of |50 each (|30 000,000), 40 p. c. paid up. The
proceeds of the present call ($3,COO,000) will be used in con- B. F. Yoakum was on Nov. 14 elected President to succeed
nection with the building of the subway, the elevated road Uriah Lott, resigned. The proposed northerly extension
and other improvements now under way or shortly to be un- (see V. 79. p. 1024,) and no doubt the $4,000,000 bond issue
was duly approved.— V. 79, p. 1024, 104.
dertaken.
No action wa^ taken by the directors in reference to the
Sandneky Sonthwestern (Electric) Ry. Co.— Receiverrumored $10,000,000 bond issue; indeed, on Nov. 11 President ih p.— Judge Mathers, in the Common Pleas Court at WapaParsons denied that such a proposition had evt n t)een dis- koneta, O on Nov. 15, upon application of holders of overcussed by the^ oflficers or directors. In Philadelphia, how- due notes, placed this company in the hands of E, S. Nichols
Gross earnings, icclndlng freights, switching, pafsenger and miscellaneous $210,72?, an tnorease of $97,134 over the preceding fiscal
year. Net receipts !ji78,175 luterost charged on $694,000 6 p. o. bonds
$34,700; balance, surplUH for year, $43,475.— V. 78, p. IIIO.
,
A
a
Nov.
crease in the capital stock from $5,000,000 to $10,000,000 to
provide for extensions and additions, including connections
with Omaha, St. Louis, etc. President E. B. Field is quoted
hundred thousand
of Wapakoneta, O'lio, as receiver. Several
preliminary condollars is said to have been expended for
struction work. See V. 77, p. 2099.
Trenton New Hope
—A
as savinsT
LambertTille Street By.— Bonds
During the past three years we have spent on an average of
bonds
compa,ny
a
ring |100,000 of the
000 a year In improvempints. We intend to continue this
t
&
have capital enough
76, p. 921.
Compressed Air Co.— Sale Dee. 7 —The foreclosure sale is
advertised to take place at the New York Real Estate Salesroom, No. 161 Broadway, on Dec. 7. Compare V. 79, p. 2088.
N
Consolidated Gas Co., Baltimore.— Pp«tou Asked.—
Baltimore syndicate including Townsend Scott & Hon, Qustavus Ober and Co. and Stein Bros, and possibly H imbleton
& Co. has sent out circulars asking tae stockholders to sign
a form agreeing to sell their holdings at $83 a share (par $100)
ex-dividend and free of commission, "provided that said sale
V. 79, p. 1643.
is effected on or before Dae. 15, 1904."
Consolidated Gas Co., New York Citj.-^Dividend Increased.— The directors on Tuestiay declared a quarterly
dividend of 2J>^ p. c being at the rate of 10 p. c. per annum,
—
as against 8 p. c from Sept., 1900, to Sept. 1904, inclusive.
&
Western Mar j land RR.—Neto Prendent.—W inslow S.
Pierce, Chairman of the Board, has been elected a'so President to succeed Joseph Ramsey Jr., who resigns owing to
,
V, 79, p. 2149, 2088.
the pressure of other duties.— V. 79, p. 1956, 1953.
INDUSTEIAL, GAS AND MISCELLANEOUS.
Amalramated Copper Co.— Second Dividend of Suhndiary.
—See Parrot Silver & Copper Co. below.— V. 79, p. au87, 735.
American Realty Co.— Called Bonds.-This company—
subsidiary organization of the International Paper Co.— has
&
American Seeding Machine
Co., Springfield,
0.— Change
in Dividend Period.— This company, which paid quarterly
dividends at the rate of 7 p. c. per annum from Aug. 1, 1903,
to Aug. 1, 1904, on its preferred stock, informs us that at a
recent meeting of its boird of directors it was decided to
change the dividend dates to conform more nearly to the
formal declaration of
collection seasons of the business.
the future policy in reference to distributions will be made
at an early date. Of the $15,000,000 of capital stock (half 7
p. c. cumulative preferred) there was outstanding at last accounts $6,267,600 common and $6,265,100 preferred, par of
shares $100; no bonds. Compare V. 76, p 596.— V. 79, p. 272.
A
Americdn (Bell) Telephone & Telegraph Co.— Output—
The output of Instruments for the month and ten months
ending Got. 31 was
:
Month
,
1904.
GroBB output (number)
Net output (number)
113.760
62,988
10 rrumtha.
1903
923.978
615,282
>
1903.
111,749
61,864
Total outBtandlnd; (number)
V. 79,p. 1705,1267.
1904.
990,369
864,672
4,344,lB9
3,666,682
—
American Tobacco Co.— See United Cigar Stores Co. below.— V. 79, p. 2088, 19"6.
Appleton (Wis.) Water Works Co.— Temporary Injunction
Rentraining City from Issuing Bonds for Independent Works.
—See p. 2221, "S^ate and City Department," to-day's Chron-
-V.
76, p. 812.
Asphalt Company of America.— See General Asphalt Co.
below.-V. 79, p. 17U5.
Anltman Co., Canton, O.-Commiitee.—The Creditors'
Committee includes:
E. G. Tlllotson. James Barnett (Cleveland); L. P. Ohllger, L. A.
H
Lolcbot, Ohas. L. Mnrfey. Wm. F. Bloke, D. G. Wing, J J ADbott,
Bloodsworth. wl'h R. A. Harman as Secretary, No. 1 Euclid Avenue,
Cleveland. Of tbls comniUtee Menars Barnett and Harman of Cleveland and Bloodsworth of Obester, P*. represent merobandlse creditors; Mfssrs. Murfey of Cleveland, Wlni; of tbe First National Bank
of Boston and C airman Tlllotson of the Cleveland Trust Co. represent debenture holders and tbe other members represent bank creditors.
Capital stock is $250,000; bonds, first series, 5 p c, $900,000;
other liabilities (?). The committee now controls a maSee V. 79, p. 1643,
jority of the knowu indebtedness.
Oq
(E.) Bement's Sons, Lansing, Kich.— Receivership
Ojt. 24 the Detroit Trust Co. was made receiver tor this con
cern, which manufacturts agricultural implements and
steel ranges.
Tne business, it is stated, is profitable but requires additional woTk'ng capital, it having been impossible
to sell enough preferred stock to finance its requirements.
The assets are sta'ed as |l, 607,00 liabilities, |432,u00; orders
on the books, $310,000. The capital stock is reported as
$1 250,000, of which some |65^000 is said t) be preferred.
—
;
lilrmiugham Realty Co.— Called Bonds. — Bonds to the
following amounts have been called for redemption at the
Union Trust Co. of New York on Jan. 2, viz prior lien
bonde, |8,000 31-year mortgage bonds, |20,0^0 —V. 74, p. 97.
Cliicaeo Edison Co.— Stock Increase. Shareholders of record will, it is announcecJ, fce permitted to subscribe
at par for $1 973,178 new stock to the extent of one share for
each fivesbares held. Sibscnptions will be payable la four
equal instalments— Feb. 1, May 1, Aug. 1 and Nov. 1. This
will make |1 1,83:^,056 stock outstanding.
D.vldead rate since
1889, 8 p. c. per annum.— V. 79, p. 1706, 272.
Colorado (Bell) Telephone Co. -New Stock.—The stockholders at a meeting Id Denver on Nov. 9 authorized an in,
;
—
Detroit Portland Cement Co.— Payment of Overdue Interest,— Tre^BnreT John A. Myers on Nov. 10 announced that
the funds to pay the coupon; due June 1 , 1904, together with
interest from that day, have been aepoaited with the Metropolitan Trust Co. of New York, as mortgage trustee, successor to the Atlantic Trast Co.— V. 72, p, 1037, 875.
Edison Electric Co., Los Angeles, Cal.— Bond* Offered.—
Savings Bank of Chicago is offering
The American Trust
at par and interest, by advertisement on another page, a
block of the First and Refunding Mortgage 5 p. c. gold
bonds due Sept. 1, 1923, but subject to call on and after Sept.
of which $3,528,000
1, 1907, at 110 and interest. These bonds,
is outstanding and $477,000 in escrow to retire sub-company
bonds, are part of an issue limited to $10,000,000; but the
unissued bonds can be put out only for 75 p. o. of cost of improvements and acquisitions, and then only when the net
earnings are 1% times the interest charge on bonds issued
and proposed. Capital stock outstanding: Common, $2,137,For the year ending June 30,
900; preferred, $3,530,200.
1904, the sross earnings were $928,379; net, $4^.9,944; interest
charges, $184 119; balance, surplus, $245,825. The company
and is
Is paying 5 p. c. per annum on its preferred stock
earning net about 2% times its interest charge. The completion of the water-power development on the K^rn River
See further parwill bring additional gross and net income.
ticulars in advertisement; also detailed statements in V. 78,
p. 105; V. 75, p. 1089— V. 78, p. 2014, 1277.
Edison Electric Illami latlng Co. of Boston.- A'ew Stock.
—At the annual meeting yesterday it was voted to increase
tbe capital stock from $10,449,100 to $11,449,100. Stockholders of record Nov. 18 are accordinglv offered the right to
subscribe at $200 per share at the Old Colony Trust Co.,
Boston, until Dco. 15, for $1,045,000 new stock to the extent
of one new share for every ten shares held. Subscriptions
are payable: 25 p. c. on Jan. 18, 1905. and 75 p. c on May 2,
1905, or full amount May be paid Jan. 18; in either case
interest on amount paid will be allowed at rate of 4 p. c. per
annum from that date till May 2, when the new certificates
will be issued. -V. 79, p. 2088, 1643.
General Asphalt Co.—Eid of Litig i tion.— At Trenton, N.
J., on Nov. 14, Judge Linning of the United States Circuit
Court filed a decree dismissing the suits brought against the
promoters of the Asphalt Company of America and the
National Asphalt Co., the promoters having bought up all
the old unaesenting bonds of the A=iphatt Co. of America
except $2,200. Compare Chronicle V. 79, p. 1705.
^ppea/.— Acable dispatch received by the State Departmeiji, at Washington on Oit. 26 announced that the Venezuelan Court of First lastances had rendered a decision adverse
Bermudez Asphalt Co. (a subsidiary of
to the New York
the General Asphalt Co.), confirming the legality of the
seizireof the asphalt property by the Veneyuelan Government. An appeal was taken to the high Federal Court.— V.
&
called twenty-one ($21,000) mortgage bonds of 1901 for payTrust Co.,
1, 1905, at the Onion Safe Deposit
Portland, Me.-V. 77, p. 2099.
ment on Jan.
$1,000,-
policy,
to last several years, the meeting
and In order to
was called to Increase the capltaltzatlun. The company has not at
any time watered Its stock and It does not Intend tu do so now.— V.
circular off
Offered
line states that the
to citizens In the vicinity of the new
company has an authorized issue of $400,C0T of first mort
eaee 5 per cent 30 year gold bonde, $300,000 of which have
Co. being the
been sold, the Trenton Tiu8t& Safe Deposit
mortgage trustee. The company is constructing a highNew Hope,
speed electric overhead trolley from Yardley to
of the New
bridge
new
the
river
the
acrops
and
J
Hipe'Delaware Bridge Co. to Lambertvllle, thus giving a
tbrougb trolley service from Trenton to New Hope and
The road is to have 80 and 85 pound rails,
Laoibertville.
right of way,
rock ballast, modern power station, private
and the best tvpe of motor and cars. The company is conPennsylvania Traction Co.,
trolled by the New Jersey
the
$400,000 stock and guarof
majority
or
a
all
owns
which
antees the bonds, principal and interest. Compare page 1592
of Street Railway Section.
icle.
2207
THE CHRONICLE.
19, 1904.
&
79. p. 2150, 1706.
Gaanaj lato Power & Electric Co.— Description —A recent
number uf the " Engineering Magaz'ne" of this city contained
an illustrated artlc e 19 pages long describing this company s
pi int, power canal and 101-mile 60,000-volt transmission line.
—V.
77, p. 2100.
Harper & Brothers, New York City.- Four<7i Annual
Dividend on Income^ -A dividend of 1 p. c. has been declared upon the income bonds, payable D c, 14, 1904, to holdon D c. 9, 1904 —V. 75, p. 1089.
International iHercantile Jttarioe Co.— Rates.— It was
announced from Berlin on Monday that a tentative agreement had been reached for the restoration of Mediterranean
The following statement was publish A:
rates.
Negotiations have been cinolud^d. snbjeot to the Hungarian Covernwith regard to
meni'rt approval, ina'^muoh as the Cun»rd Line will,
ers of record
>tn the A-^soolal on of Continental eteami.
from to-day
shlp companies, and all war measures will be withdrawn
rim present
and Continental rates will be restore-! Imme.lla'olv
or not
rateis.
Wheihor
Mediterranean
agreement has solely to do with
not
the Onnard will later rejoin the North Atlantic Conference has
been dlsoussed.
On Nov. 16 the Continental lines, except the French com-
their Continental iralll
)
pany, announced the restoration of the old rates on Conti-
THE CHRONICLE
'22i)S
Snbeequpntly it transpired that the Canard
traffic.
Line was holding back, insisting that there mn-t be a com-
war.— V.
79, p. 1268. 788.
Jaryis TerminHl Cold Storage Co.— Successor.— See Union
Terminal Cold Storage Co. below.
National Carboo Co.— First Dividend on Common Stock.
—The directors have declared dividend No. 1 of IJ^ p. c. on
the common stock, payable in January. Thf^re are outstanding $5,500,000
ferred.— V. 78,
common
stock and $4,500,000 of 7
p. c. pre-
p. 818.
New England Brick Co.— Plan Approved.— The shareholders on Nov. 14 approved the plan of reor&:aDization as
printed in V. 79, p. 2151.
New York & Boston Dyewood Co.— Beduction of Stock.The shareholders will vote Dec. 1 upon reducing the capital
stock from $1,200,000 to $600,000, the par value of shares remaining $100. The dyestuff business of the company was
recently sold to the American Dyewood Co. See V. 79, p.
274.
New York Hippodrome Co.— Mortgage.— A mortgage has
New York Security & Trust Co., as trustee,
been made to the
to secure $900,000 of 20-year 6 p. c. gold bonds dated Sept. 1,
1904, and due Sept. 1, 1934. interest payable March 1 and
Sept. 1 ; denomination, $1,000.
The company was Incorporated at Albany on June 25 with $1,000,000 stock, and acquired the old car stable property at 6th Ave. and
43d to 44th streets as the site for a steel bnlldlng for mnslo hall, blpI>odrome, restanrant. etc. Thompson & Dandy are Interested. Directors: John
Gates, H, 8. Black, Elmer 8. Dundy, Robert E. DowUng and R. O. Babbage.
W
Pacific Packing & Navigation Co.— S'a/c- At the receivon Nov. 12 the property of the Pacific American
Fisheries Co. was bid in for $310,000 by W. A. Peters of
Seattle, representing interests which he refused to disclose.
There were no bids for the Pacific Packing
Navigation
property at the upset price of $500,000; the sale was therefore postponed until Dec. 10.— V. 79, p. 1706, 1464.
Parrot Silver & Copper Co.— Second Dividend this year,—
This company, a majority of whose $2,298,500 capital stock is
owned by Amalgamated Copper Co., paid in August a dividend of 5 p. c, the first since January, 1902. A second
dividend of the same amount (equal to 50 cents per $10
share) is now announced, payable Dec. 12 to stockholders of
record Nov 26. In 1901 35 per cent was paid; in 1900, 60
V. 79, p. 737.
p. c; in 1899, 39 p. c; in 1898, 18 p.
declart-d a quarterly dividend of 7 p. c. on the |97..5(0,000
capital stock, making 36 p. c. for the calendar year 1904, contrasting as follows
1891-95. 1896. 1897. 1898. 1899. 1900. 1901. 1902. 1908. 1904
12ayr.
81
33
80
33
48
48
45
44
86
V. 79, p. 2152, 166.
:
—
Topeka (Kan.) Water Co.— City Council Reconsiders and
Votes to PurchaHe—Spifi p. 2221 of "State and City Department," to-daj's Chronicle.— V. 79, p, 1957.
Union Terminal Cold Storage
Co. of Jersey Cltj.—Mortto the Windsor Trust
Co. of New York City, as trustee, to secure $180,000 bonds for
$1,000 each, payable Sept. 1, 1924, interest 5 per cent per
annum, payable March 1 and Sept. 1.
The company was Incorporated in August, 1904, with $250,000
capital stock ($100,000 being e% pref., par of shares $100), and took
over the new eight-story cold storage warehouoe at Provost and 13th
streets, Jersey Olty. Th's wareh^u8e was hullt by the Jarvls Terminal
Cold Storage ;o., but was bought In on June 29, 1904, at receiver's
sale for $135,000 by a committee of the bondholders, and transferred
to the new company. It is equipped with five elevators.
gage.— A
c—
& Gas
m
Pittsburgh.—The
Co.~Liated
Pittsburgh Stock Exchange has listed this company's $6,000,000 capital stock on which dividends are being paid at the
rate of 8 p. c. per annum; par of shares, $100. The statement
filed with the Listing Committee contains the following:
For the year eodlng March 81, 1904, the total business, Including
Pittsbnrgh Oil
sales of Kaa between companies, amounted to $1,767,914; net earnings, $936,682; Interest payments called for $30,000; depreciation,
$13,914; other dednctlons, $5,173; three quarterly dividends of 2 p o.
each for $860,000, leaving undivided proilts of $476,596. The total
up $9,143,115.
Average number of consumers on the line each month of the year was
16,221 and the Incrnase for the three months ending March 31, 1904,
was 3812% overthe first three months of the year. The average cost to
prodnoe gas was $0-0365 per 1,000 cubic feet, and the cost of oil production was 54 cents per barrel, whereas the average selling price was
$151 per barrel. The oil production was 752,0S6 barrels. The stockholders have authorized an issue of $2,600,000 gold bonds and these
win be need in refunding $1,600,000 short-term bonds at maturing
and caring for a floating debt which amoants to $1,200,832. 8ee V.
79, p. 1644; V. 76, p. 1146, 1358.
assets foot
Portsmonth Berkley & Snifolk Water VjO.— Second Mori
gage.— Th\a company has filed a second mortgage in favor of
the Fidelity & Deposit Co. of Maryland (Baltimore), as
trustee, to secure an issue of $100,000 of 10- year 6 p. c. gold
bonds of $1,000 each, for extensions, improv<^inpnts, etc.
There is also a first consolidated mortgage securing $1,000,000 of 5 p. c. 30-year gold bonds (due March 1, 1932, but subject to call after March 1, 1907, at 110), of which $481,000
were reserved to retire underlying bonds of constituent companies (compare V. 74, p. 688, and V. 78, p. 846). Capital
stock at last "accounts, $500,000. John L. Williams & Sons
Richmond some two years
ago, in offering a block of the
consols at 973^ and interest, said:
The water, which is secured from Lake Kllby, 19 miles distant, is of
a very Buperlor quality tor all purposes, and the supply controlled by
the oompHny at that point is sutflolent for a population of 160.000.
The Gaboon water I'hed, also owned by the company, only 4 miles
distant, from Lake Kllby, has a supply even larger than this, so that
there in ample water for all future demands. The company's property extenas sotSclentiy beyond thu boundary of Lake Kllby to protect It at all times against contamination due to habUatlons. The
population served by this company is 41,500, and constantly in-
of
first
creasing.
Compare earnings, etc., in V. 78, p. 846.— V. 79, p. 274.
Shawnee (Okla.) Light & Power Co.— 2?eceiyer«/up.— The
company having defaulted in the payment of interest on its
bonds, J. C. Fisber of Shawnee was on Nov. 11 appointed
receiver. The works were put in operation in 1897.
Singer Mannfactnring Co.— See Singer Sewing Machine
Co. below.— V. 79, p 1720, 790.
Siager Sewing Machine Co., Elizabeth, N. J.—Incorporatei. —This company was incorporated in N-aw Jersey on
Nov. 12 with $1,080,000 authorized capital stock no doubt as
ally or sutinidlarv of the Singer Manufacturing Co,
See
p. 1900 cf Railway & Industrial Section.
an
first
mortga6:e has been
made
I
—
This New Jersey
the principal cities of the
United States, has declared a dividend of 21 p, o. on the
$480,000 of 7 p. c. preferred stock, representing the accumulations of three years.
There are aleo outstanding $241,000
common stock and $480,009 of 6 p. c. debentures. The total
authorized share capital is $2,000,0W; par of shares. $100.
The company is reported to be opening new stores at the rate of
abont one a week and expects to increase this next year to two a
week. Directors: George J. Whelan, President; C. A. Whelan, H 8.
Collins and Louis Biel, Vice-Presidents; Edward Wise, Treasurer;
John F, Whelan. Assistant Treasurer, and Elliott Averets. Secretary,
all except Blel, Wise and Averett being Syracuse men.— V. 77, p. 774.
United Frnit Co.— Earnings. The results for the year
erded Sept. 30, 1904, compare with the year ended Sept. 30,
1903, and the 13 months ended Sept. 30, 1932, as follows :
United Cigar Stores Co.— Dividend
oorporation,
owning
stores in all
—
er's sale
&
Vol. Lxxix.
Standard Oil Co.— Z)tutdend.— The directors on Tuesday
nental
plete revision of the differential rates before it wonld come
All rates for British and Mediterranean bueiness,
to termfi.
therefore, remain nnchanged.
The Cunard Company ie
credited by some with having rather the best of the rate
I
Period
—V.
Int. and
mitcel.
Dividend$
Surpliu
sub. cos.
declared.
$272,880
226,204
230,681
$137,435
229,596
360,699
(7%1|967.675
(1%)<'T.IW
for itar.
$872,674
971.003
(8!^%)1,051,407
1.134,411
Net
A'et
covered.
earnings.
1903-04 (12 mO8.)...fl,804,8»6
1902 OS (lamos.)... 1,852.644
1901 02(13 m08.)... 2,215,939
79, p. 1026, 632.
United States Steel Corporation.— ilcfrance in Price of
Proaucts.—See page 2171, •' Financial Situation."— V, 79, p,
2090, 1«53.
Tirginla Antbraeite Coal Co.— Operations.—This company was organized in 1903 and acquired by lease and direct
purchase about 4,500 acres in the Brush Mountain coal field,
including the lands of the Brush Mountain Coal Co. The
property is estimated by those interested to contain over
24,000,000 tons of anthracite coal. The company has built
a modern breaker, with a capacity for breaking, sizing and
loading 600 tons of coal a day. This capacity it is proposed
to increase to 1,000 tons a day as soon as additional coal is
mortgage to the Virginia Trust Co, of Richopened up.
mond, as trustee, secures $900,000 first mortgage 5 p, c. 80-year
sinking fund gold bonds, with interest payable May 1 and
Nov. 1 at the First National Bank, Richmond, Va. These
bonds are deecribed as follows:
Dated Nov. 1, 1903, due Nov. 1, 1923. but subject to call to any
amount on any interest day at 107 on 60 days' notice; outstanding,
$366,000; par value. $1,000, $509 and $250. Sinking fund, 10 cents
per ton. Cover entire property, including about 3,070 acres owned In
fee and 1,406 acres held under lease. There are no prior liens.
The anthortztjd stock is $900,000, all of one class, outstanding, $622,600; par of shares, $50. The company acquired
one-half the issue of bonds and nearly all of the capital stock
Railway Co., owning 10
of the Virginia Anthracite Coal
miles of road extending ffom Blacksburg, passing the mines
Westof the Virginia Anthracite Coal Co., to the Norfolk
orn Ry. at Christiansburg, Va. The President of the AnthraOffice, Americite Coal Co is W. J. Payne of Richmond.
A
&
&
can National Bank Building, Richmond, Va.
Windsor Gas Co., Ltd., Windsor and Walkervllle, Ont.—
Bonis Offered.— Bivitt, Tremble & Co. of Chicago offer at
par and interest, by advertisement on another page, $110,000
of the authorized issue of $200,000 first mortgage 5 p c. gold
bonds. These bonds are dated Nov. 1, 1904, due Nov. 1,
1984, but redeemable after Nov, 1, 1914, at 103 and interest.
Interest payable May 1 and Nov. 1, both interest and principal payable in gold coin of the United States, at the Canadian
Bank of Commerce, in Toronto or New York City; denomiFor
nation, $1,000; National Trust Co., Toronto, trustee.
the year ending Got. 81, 1904, the gro s earnings were $43,680, net earnings, |19,491; interest on $110,000 bonds, $5,500;
surplus over interest, $13,991.
President and Manager Isaac C. Baxter (former manager
of the Ddtroit Gas C».)in a letter to the bankers writes
under date of Ojt. 1, 1904, as follows:
The entire public and private sras lighting business ot the cities of
Windsor and Walkervllle Is owned and controlled b7 the Windsor Gas
Co., Ltd. The frrtnohlses are favorahie and ruQ to 19S4. Coal gas is
made, the plant being modern and efficient. The distributing system
consists of 17 miles of mains and l,7z7 meters. Gas Is sold for iilamlnatlng uses at $1 50 per 1.000 cubic feet and for fuel at $1 10, with
a discount of 10 cents for prompt payment; gas for power at 95 cents.
The mortgage is limited to $200,00 J, of which yon have purchased
$10,000 additional bonds maybe issued to cover the cost
an atmnonia plant and extension of retort house, and the remaiaing $30,000 may be Issued only for 85 p. o of future extensions and
betterments. The sales of gas for the year 1903 were l-J, 323,400
cubic feet, and for ia04 were 31,708,600 cubic feet; we confidently
expect that the sales will exceed 60.0C0,00 cubic feet within the
next three years, from which we should derive a net profit equivalent
to five or six times the bond interest.
''Windsor, population over 15,001, is located in Oatarlo,
$110,000;
of
i
from Detroit, Mich,; Walkervllle,
adjoining Windsor, has a population of 3,000,"
directly across the river
:
.
THE CHRONICLE.
l^OV. 19, 1904.]
Ijeports aixtX
2209
^oaxmtnts.
ATLANTIC COAST LINE RAILROAD COMPANY.
SEVENTIETH ANNUAL REPORT- FOR THE YEAR ENDING JUNE
Richmond, Va., November
To the Stockholders of
the
Miles.
69tli annual report of the Company contains a brief
statement sliowing the manner In which the present Company was formed, the lines it operated and ttose which it
controlled. Pages 28 and 29 of that report showed in detail the mileage of the Company, and stated the grand total
4,138-87
of lines operated to be
During the past tiscal > ear the line from Punta Gorda Miles.
28"31
to Fort Myers was completed, a distance of
And also the line from near Climax, Ga., to Cohn Tobacco Farm, known as the Amsterdam Branch, a
10-30
distanceof
59-42
Additional lines to factories, mills, etc
The
98 03
Total addit'onal mileage.
Less miles of track taken up
7-59
Net additional mileage
9044
-
4,229-31
4,192-26
Total operated mileage
Average mileage operated during the
fiscal
year
INCOME ACCOUNT.
1904.
1903.
$
$
Groes earnings from opera20,544,975 20
tion
Operating expenses and
12.827,093 54
taxes.........
Net income from operations 7,717,881 66
2,115,154 11
Otherincome
Total income
Interest and rentals
Miscellaneous
Inc. or
Dec
$
/.
862,520
12,612,336 59
J.
214,757
1.647,763
7.962,202
11-10
4-31
2-08
1-70
eqaipment is replaced with equipand the full cost of the new equipment, less salvage or insurance collected, is charged to operating expenses. Beginning July 1, 1903, the Board deemed
it best to charge all additional equipment to capital account,
as provided for in the Consolidated Mortgage, and for the
present not to create any equipment trusts.
out or missing
of present standard,
CAPITAL ACCOUNT.
The outstanding common stock of the Company amounted
at the cl se of the fiscal year to |36, 650,000, the same as at
the close of the previous fiscal year.
The preferred stock at the close of the fiscal year amounted
to $1,736,700, a dec rease of $17,400 retired during the past
The Seven Per Cent Certificates of Indebtedness of the
Wilmington & Weldon RR. Co. outstanding at the close of
the fiscal year amounted to $13,20f', a decrease of §3,900.
The Four Per Cent Certificates of Indebtedness of this
Company of the issue of 1900 amounted at the close of the
year to $11,100, a decrease of $11,30'.
Certificates of Indebtedness of the
Company outstanding at the close of the fiscal year
3,015,088 87
amounted
22,060 60
1,232,118
D. 8,336
2,993,028 27 7.1.290,454
The new Four Per Cent
to $21,401,000,
an increase of
$31,700, issued to re-
tire preferred stock at 125.
The bonds secured by mortgages on railroads of the Company or by the Company's collateral trust mortgage outstanding at the close of the fiscal year, together with the
amount authorized of each issue, the rate of interest and the
date when payable are shown in statement on page 25. [See
pamphlet report.] Another statenent on page 26 [see
pamphlet report] attached to this report shows the lines of
railway on which the mortgages securing said issues of
bonds have a lien.
Bonds secured by the Consolidated Mortgage of the Company were issued during the past fiscal year to the amount
cf $3,125,225 for the following accounts:
916,25000
Declared Sept,
17. 1903, pay.
Nov. 10, 1903,
2i«% on $1,726,700 preferred stock.
6-85
14 26
Worn
ment
13,724 65
Declared Nov. 17, 1903,
payable Jan. 10, 1904,
2^% on .'P36,65r>,000 common stock ...$916,250 00
Declared May
19, 1904, pay.
July 9, 1904,
21^% on $36,650,000 comstock....
P. O.
*Decrease.
4,297,206 93
Dividends—
mon
operating expenses and taxes.... 12,827,093 54 12,612,336 59 214,757
fiscal
4,283,482 28
Net income
Increase,
Total
8,223,07135 7.1,609,964
7.327,846
5,207,982 48
7.
1903.
structures
2,790,233 87 2,99=^,369 50 *205,136
Maintenance of equipment 1,846,282 25 2,lfS3,309 60 *307,C27
Conductingtranspoftation 6,882,189 55 6,194,359 07 687,830
591,758 55
24,460
General expenses
567,298 42
Taxes
716,629 32
702,000 00
14,629
9,833,035 77
5,535,828 84
deductions
from income
1904.
Maintenance of way and
fiscal year.
19,682,455 60
7,070,119 01
1,152,952 34
1904.
Operating Expenses and Taxes.
15, 1904.
Atlantic Coant Line Railroad
Covipavy
The Board of Directors of the Atlantic Coast Line RR. Co.
respectfully submits the following report for the fiscal year
ended June 30, 1904:
30,
To retire certificates of Indebtedness
Exchanged for *19,000 Florida Southern 4s
Constniftion of line from near Climax, Ga.,
Tobacco Farm
43,167 50
Declared April
11. 1904. pay.
May 10,1904,
$18.125 00
17,100 00
to
Cohn
70,00C 00
10,000 00
10,000 oo
,500,000 CO
500,000 CO
Acquisition of real estate
Exchanged lor $10,000 Brunswick & Western 4s
To retire $1,500,<J00 at. Johns River Division 48
New equipment
213% on $1,726,700 preferred stock. ..$43,167,50
1,918,835 00
1,714,075 00
7.
204,760
$2,125,225 00
34,810,275 00
Total issued in this fiscal year
of this issue outstanding June 30, 1J'03
Bonds
Net surplus for year
2.364,647 28
1,278,953 27 Z. 1,085,694
4-38 per cent
Earnings from operation increased
•'
1-70
Operating expenses and taxes increased
9-16
"
Net Income from operations Increased
'The large increase in "Other Income"' is due mainly to
the fact noted in last year's report that the income account
for the fiscal year ended June 30, 1903, included only one
dividend of 2% per cent on the Louisville
Nashville RR.
Co.'s stock owned by this Company, while this year's income
accourit includes two dividends on the same stock of 2^ per
cent each.
The increase in "Interest and Rentals" is caused by this
year's Income Account being charged with a full year's
mterrst on Atlantic Coast Line RR. Co.-Louisville
Nashville Collateral Trust Bonds, while in the previous fiscal
year only nine months' interest was charged.
The ratio of operating expenses and taxes to gross earnings from operations was 62 43 per cent, a decrease of 1"85
per cent as compared with the previous year.
&
&
The earnings and expenses for the year ended June 30,
compared with those for the preceding year, were:
1904, as
as follows:
1904.
Extrabaggage
Total earnings
Decrease.
Total mortgage and collateral bonas
49,765 11
trust obligations outstanding
i904
A decrease during the
pasttiscal year of
The Company has no
1903.
600,32139
621,837 91
12,486 21
36,788 77
$108,165,500 00
June
30,
$96,666 67
$39,999 98
floating debt.
TRAFFIC.
While the volume of business increased, and also the revenue derived from passengers and freight, the principal
increase was in passenger revenue. We are endeavoring to
provide for our growing freight traftic by making large
additions to our equipment our shops build as many freight
cars as their capacity will admit after providing for all repairs to freight equipment, and we have recently placed an
order for 1,000 additional freight cars to be delivered by JanIfi,
1905.
The number
Increase.
P.O.
14,336,934 08 14,046,394 95 290,539 207
4,295,547 65 3,834,8'?8 06 460,680 1201
668,40148
529,758 31 138,613 26-17
600,84104
593,485 84
$36,935,500 00
Equipment
uary
Earnings.
Passenger
Exnre-s
Mall
Miscellaneous
Telegraph
1904
Total bonds secured by mortgages on railroads outstanding June 30, 1904
$73,165,500 00
Atlantic Coast Line RK. Co.- Louisville & Nashville Collateral Trust Four Per Cent Bonds
35,000.000 00
;
EARNINGS AND EXPENSES.
Freight
Total bonds of this issue outstanding June 30,
520
*28,352 456
*12.4R«
12,976 35-27
.20,544,975 20 19,682,455 60 862,520
438
of ton.s of freight earning revenue increased
the number of tons carried one mile increased
00•^4 per cent; the mileage of revenue freight trains increased 3-35 per cent
and the avt^rage number of tons
carried per freight train mile decreased 1-7 per cent.
A large part of our freight trallic consists of peri.shable
fruits and vegetables, which requires a most expensive and
exacting service
During the fiscal year there was Ji larger
increase in tliis perishable business tiian in other classes of
traffic le.sa expensive to handle and which average a larger
tonnage per car and require less expedition in movement.
1-39 per cent
;
;
:
THE CHRONICLE.
2210
[Vol. Lxxix.
The number of passengers carried increased 13 6 per cent
the number of passengers carried one mile 11 per cent and
the mileage of revenue passenger trains increased 9:3 per
he average number of passengers carried per train
cent.
mile increased 3'7 per cent.
[A statement attached to the pamphlet report shows in de
tail the traffic aud mileage statistics.
See also t age 2200
dividends of 2\4 P*"!" cent each year were paid by the
Louisville & NaHhville RR. Co. on its stock held by this
Company, during the past fiscal year, aggregating $1,530,000,
and this Company paid on its bonds secured by said Louisville <fe Nasbville RR. Co's. stock, during the same period,
of this issue.]
interest
I
aggregated 6,356-20 miles, an increase during the
of
A
full account was given in the last annual report of the
acquisition by tins Company of a majority f the stock of the
Louisville & Nashville RR. Co. Tne mileage of the last
named Company owned and operated, or leased and controlled solely or jointly with other lines, on June 30, 1901,
(
--:^
Two
This
OTHER RAILROADS IN WHICH THIS COMPANY HAS
AN INTEREST.
fiscal vtar
230r, miles.
amounting
to $1,400,000.
-
"So
Company owns
a half interest in the lease of the
Georgia RR. So far this Company has not collected any income from the lea.se, all the profit above the rental having
been invested in improvements on the Georgia RR. The
interest rf this Company In these profits from July 1, 1899,
to June 30. 1904, is $266,364 54, wnich was credited in our
Profit and Loss account.
»***
WALTERS,
ERWIN,
H.
Che irman.
R. G.
President.
INCOME ACCOUNT.
1902-1903.
1903-1904.
Gross Earnings—
$14,046 394
3,H34.»68
529,758
600,321
621.837
36.788
12 486
95
06
31
39
91
77
21
Freight
Passengrer
$14,336,934 08
4,295 547"i 5
668 40148
600 841 04
593.485 fc4
49,765.11
..,,
Express
Mall
Miscellaneous
Extra baggage
Telegraph
$19,682,455 60
Total
$20,544,975 20
Operating Expenses—
$2,995,369 50 Maintenance of way and structures
2,153 309 60 Maintenance ol equipment
$2,790,233 87
1 846 282 25
6 KH2 1-9 55
591.758 55
6,194,359 07 Conducting transportation
5-7,2h8 42 General expenses
$11,910,33- 59
Total
$12,110,464 22
Net earnings
$7,772,119 01
$8,424,510 98
Other Income—
$154,515 03 Interest on deposits and current accounts
87 ,035 8'H Interest and dividends on stock and other seourities
77,272 13 Rents Jrom real estate and property
48,697 27 Kent of rail
1.432 02 Miscellaneous
$211,184 81
78
87
73
92
1,772,504
75.bSl
40,632
9,149
1
$8,925,071 25
Total Income
$10,549.6(5 09
Deductions from Income—
$4,109,110^6 Interest on funded debt
702.000 00 Taxes
1,055,595 52 Interest on certificates of indebtedness
$4,637,114 34
716,629 32
857,538 50
-
Rental of leased lines
$31,000
6 276
6,000
C.
S.
W.
RR. ofS.O
$31,000
C. Pac. Ry
&B. V.
6,27ti
RR
3.900
43 ,'276 00
1,714,075 00 Dividends on capital stock
22,060 60
$7,646,1 18
41,176 00
l,918,b35 00
13,"i;4 65
0^"
$8,185,017 81
$1,278,953 2-
*2,364.647 28
PROFIT AND LOSS ACCOUNT.—YEAR ENDING JUNE
Credits—
30, 1904.
Debits—
Credit b 1 .nee July 1, 1903
$11,464,977 41
Internal revenue stamps redeemed by
U. 8. Government
762 84
Interest to June 30. 1903, on advances
to Augusta Union Station Company...
1,670 46
Interest for the year ending June 30,
1903. on Columbia Union Station certiflcates of Indebtedness
29130
A. O. L. RR. Co. '8 proportion of surplus
from thii operar.ions of Georgia RR.
from July 1, 1899, to June SO, 1904..
266,364 54
Reserve for company's proportion of
unadjusted freight claims June 30,
1903.
Discount on securities
Accounts charged oil'.
$145,456 19
232,769 73
10,627 11
$388,853 03
Total
Sundrv adjustments and accounts written
ofl.
Balance of net Income for the year,
Total
3,133 43
2,364,647 28
..$14,101,847 26
Credit balance June 30,1904
$13.-12.994 23
GENERAL BALANCE SHEET.
Junt
$127 255 911
45 554.2;?0
2,244,975
191.408
500.000
500.000
249.098
136.666
';08,7'J5
30, 1904.
$12R 390.565 35
45 554.2-20 58
1 977,200 00
2 869 000 00
5'*'2 431 34
500 000 00
500 000 00
259.0-^2 48
96 666 67
714,142 46
& Trust Co.
Trust equipment
Material and supplies
Agents' balances
Due by other companl€s and Individuals..
7,786,092 91
$242,426 99
63,»b7 49
Property, construction and equipment
306,000 shares L. & N. RK. Co. wtock
Atlantic Coast Line RR. Co. 1st Cons. Four Per Cent Bonds
Atlantic Coast Line Co. Certilicatesof IndebteduebS
Other investiueots
A. C. L RR of S. C. 4 P. 0. Bonds depos. with Farmers' Loan
Bonds deposited with Safe Dep sit & Trust Co. for equipment
Reserve Fund— For renewals of rails
CURRENT Assets —
Cash on deposit and In hands of Treasurer.
Cash deposited for coupons
$1,397,814 56
500,348 M
522,n59 '5
5,365.770 51
June
ASSETS.
30, 1903.
$2,965,928 54
57 rtS
459.543 25
2,647.2917 5
465.*
6,538,721 17
Deferred Assets—
Unadjusted claims In hands of Freight Claim Agent.
306,394 48 Interest receivable
$171,827 54
71,879 05
243.706 59
+185,433 492 72
Total assets.
$188.2v5.723 64
:
-
2211
THE CHRONICLE.
IfOV. 19. 1904.J
GENERAlL balance sheet.— {CONCLUDED.)
June 30, 1904.
LIABILITIES.
Ju7ie 30, 1903.
Capital Stock—
$1,744,100 00
35 659,000 00
991.000 00
.$1,726,700 00
35,^^50,000 00
Prelerred
Common
---
Common,
$38,394,1 00 00
$21,382,300 00
Class "A,"
Richmond and Petersburg
17,100 00
-
1,000,000 00
$38,376,700 00
Certificates of Indebtedness—
New Certificates of Indebtedness Four Per Cent
Certificates of Indebtedness old
Certificates of Indebtedness, W.
2^400 00
RR
Four Per Cent
& W. RR. Seven Per Cent.
$21,404,000 00
11,100 00
13.200 00
21 .428,300
73 ,lfi5,500
35 ,000,000
96,666
21,421,800 00
Bonded debt secured by mortgages on railroads
35,000,000 00 Louisville & Nashville RR. Collateral Four Per Cent Bonds.
72,5-^9,275 00
136,666 65 Trust equipment obligations
Cpbrbnt Liabilities—
Audited vouchers and payrolls
Due to oth r companies and Individuals.
Coupons due and unpaid
Dividends declared, unpaid
1,140,077 48
874,365 27
505,588 63
926,879 5
'i
3,446,910 63
$869,893 32
4^4,391 31
$1,100,691 95
775,517 94
472,012 57
926,922 00
3,275,144 46
Deferred Liabilities—
Bond Interest accrued, not due.
$898,239 98
4s5,740 11
Taxes accrued, not due
1,354,284 63
1,645.478 40 Reserves for betterments and Improvements
11,464,977 41 Profit and loss surplus
Total liabilities
$185.433,4'>2 72
00
00
00
67
1,383,980 09
1,786,438 19
13.712.994 23
$188,225,723 64
.
THE KANSAS CITY SOUTHERN RAILWAY COMPANY.
FOURTH ANNUAL REPORT—FOR THE FISCAL YEAR ENDED JUNE
General Offices,
Kansas City, Mo., Oct. 1,
/
1904.
\
ekholders of the Kmsaa City Southern Ry Co.
Tbe following report of the operations of the "company
during the fiscal year ended June i-0, 1904, and the state
meots showing the condition of the company's affairs as of
that date, are respectfully submitted.
Fort Smith Ry. in
The operations of the Texarkana
Texas, which property is, in accordance with the laws of
that State, maintained and operated separately under the
direction of its own officers, are incorporated herein with
the operations of the Kansas City Southern Ry. proper.
There has been no change in the mil-age of main line and
branches operated since the last annual report. The average mileaf;e, main line and branches, operated June tO, 1904,
was 8"8'971 miles. The total mileage of all track operated,
including yards and sidings, on June 30, 1901, was l,03H-244
miles. IDetails of this track mileage will be found in table
No. 14. [See pamphlet report.]
To the
St<
&
INCOME FOn THE
YEA.R.
Year ending
June 30, 1904.
mileage, main
branches, operated
Average
Une
Tear ending
June
30, 1903.
and
838-971
838-971
Receipts
Receipts from traffic
$6,450,319 69
$6,010,458 67
Operating expenses
$4,549,179 11
150,254 00
$4,358,809 23
151,416 00
Total operating expenses and taxes.$4,699,433 11
$4,510,225 23
Receipts from traffic after payment
ofoperatin.; expenses and taxes... $1,7.50,886 58
Rentals and other income
75,653 13
$1,500,233 41
79,803 01
Taxes
Income from operations after payment of operating expenses and
taxes
$1,580,036 45
$399,98375
Dlsoounts, Interest and Exchange..
73,527 93
$899,985 00
27,681 99
Chaboes—
on 3 per cent First Mort-
gage Bonds
Total charges
$973,516 68
$927,666 99
Surplus over charges
$853,023 03
Application of Sdrplds—
Appropriated for repairs of damages
oaui-ed by floods
$59,617 33
Appropriated for additions to a id
Iranrovetiients of roadway, bridges
and buildings
321,119 80
AaJUBtment or old claims and aoOOints
23,868 26
$652,369 46
Total appropriation
1904.
maintenance of equipment was $1,326 60. Transportation
expenses increased $289,445 46, of which amount the increase in cost of fuel for locomotives was $19-",a'6 04. The
average price of coal per ton, delivered on board cars, during
the year was more than 30 per cent higher than for the preceding year. Other increases in cost of conducting transportation were due to increases in rate of pay and increased
service performed.
An increase was effected in the average train-load, as well
as in the average loading per car.
The total number of tons of freight carried one mile increased 70,060,129 tons, equivalent to 9-51 per cant, while
the freight earnings increased $459,107 11, equivalent to 9-43
per cent. The number of tons carried one mile p;r mile of
road (including company supplies, for which no charge is
made,) was 961,638, and the number of pas?en.^er3 carried
one mile per mile of road was 37,013. The gross receipts
from operations per mile of road were iS7,68837, while in the
preceding year they were $7,164 08. The average receipts
per ton-mile of freight hauled were seven and twenty hundredths mills as against seven and thirty hundredths mills
in 1903.
The
first complete fiscil year of op3ration3 of these propby your company was the year ended June 30, 1901,
the present owners taking over the pr iperty of the Kiusas
City Pittsburgh & Gulf RR Go. April 1, 1900.
The fol'owing statement gives the general results of operations during each year ending with June 3J, since Julj'
erties
1,
1900.
1904.
1902.
1903.
$
$
$
$
Groa8Recelpts.4,753,006 43 5,450,870 64 6,010,458 67 6.450,319 69
Operating Expenses
3,399,22171 3,616,125 79 4,358.809 23 4, =549,179 11
1901.
'
Receipts over
Oper.Expen..l,353,844 72 1,834,744 85 1,651.649 44 1,901.140 58
151,41'} 00
150,254 00
128,850 00
114,600 00
Taxes
$1,826,539 71
Interest
30,
Receipts over
Opcr. Exnen.
and Taxes.. ..1,239,244 72
oper. Exptin.
to Gross Receipts
69,125 00
$404,603 39
$369, 1 25 00
Balance-Sdrplds
$448,419 64
Compared with the preceding year
$2^3,244 46
71-52
66-34
72-52
70-53
73 93
68-70
75-04
72-86
Percentage o f
Oper. Expen.
Gross Reo'ts.
$300,00000
1,705,894 85 1,500,233 44 1,750,88658
Percentage of
There was no increase in the operated mileage during this
period of four years, except the addition in 19i)3 of 5-6 miles
of branch road between Kansas City and Independence, Mo.,
purchased at foreclosure sale with the other terminal properties.
The policy to which your director.-} have aiherad h is been
the development of the properties on aggressiv but legitimate lines with a view of ascertaining -not by one, b it by
several years of operation— their true earning capioity. The
results secured have been under somewhat exceptional conditions. The management w.is favored by tlie marked degree of prosperity that was general over the country during
the greater part of the period of its operations on th-? other
hund, it had to moet the problem of carrying a large volum?
of low-class tonnage at highly competitive rates over a ro idway not substantially built originally, with advers3 gradea
controlling over a large part of the miin line, and with
equipment much of which was not of the most improved
construction.
<
:
Receipts from traffic increased
$439,861 02 or 7 32%
Operating expcnHes and taxes increased.
189,207 88or 4 20%
n»l receipts from operations Increased
230.653 14 or lo-71%
Th9 ratio of opera ing expenses to earnings for the year
;»as 70-.53 p'^r cent; last year the ratio was 7<J-fi3 per cent.
Ihe cost of maintenance of way and structures was less than
auring the
fi.scal
year ended June
30, 190^.
The expendi-
tures for maintenance of equipm^^nt were somewhat
larger
than during the preceding year. The operating expense per
mile of road for maintenance of way was
$878 43 and for
;
THE CHRONICLE.
2212
The traffic originating locally on the line has been notably
increased, bat the territory reached directly by the rails of
the Kansas City Southern does not afford markets of consumption for all the traffic so developed. 1 he disposition of
these products therefore depended on the friendly co-operation of connecting lines, and the aim of the management has
been to secure and retain such friendly co-operation bv all
lines with which traffic could be profitably interchanged.
It is gratifying to state that this policy has been successful,
and that without any exclusive or preferred alliances the
company has afforded the industries developing traffic along
its lines access to markets where their products could be
disposed of in competition with similar products from other
territories.
Under
this policy the
management has been
able to secure
from such connections an important interchange of traffic
in commodities destined to points on or reached by the line
of the Kansas City Southern Railway, whether for domestic
consumption or for export. During the fiscal year ended
June '60, 1904, the percentage of earnings accruing to the
Kansas City Southern on freights received from connecting
lines to the total freight earnings was 25*6 per cent; earnings accruing to the Kansas City Southern on fraights delivered to connecting lines were 48*2 per cent of the total
freight earnings; the earnings accruing on freights passing
between points on the Kansas City Southern were, thereThe charfore, 26-2 per cent of the total freight earnings.
acter of th
traffic handled is set forth in detail in table
No. 13 in pamphlet report.
Compared with the year ended June 30, 190f), products of
agriculture have increased from 308,680 tons to 855,413 tons;
products of animals from 38,631 tons to 58,374 tons; coal
from 283,784 tons to 431,363 tons; lumber and its products
from 799,!>39 tons to 1,099,524 tons; mauufactnres from 57,626 tons to 167,012 tons; merchandise from 47,644 tons to
75 894 tons, and miscellaneous from 52,999 tons to 76,801
'
tons.
The company has had no reasonable extension fund on
which to draw in acquiring or building new lines. The
only investment in that direction was the purchase of an interest in the stock and bonds of the Arkansas Western Ry.
Co., which are an asset in the company's treasury. This interest was purchased to secure to the company access to an
important coal field which as it may be developed in the
future will be of value, not only in the matter of the company's fuel supply, but also in the production of traffic. In
the meanv;^hile, under its present operations, that road is
earning and paying interest on its bonds, which your company has purchased, and contributing traffic of some importance to the line of the Kansas City Sout^:ern Ry.
The operations of the property for the past four years
should give it an established credit for such extensions as
may be reasonably required to protect its present traffic or
to furnish transportation to communities which are more
or less dependent upon it for such facilities, and for the
legitimate development of new territory as the opening up
of the country may from time to time require, such investments to be so directed as to promote tbe^traffic and enhance
the value of the main stem. Plans in that direction should
receive consideration and the necessity therefor recognized
as one of your company's requirements.
During the first ten days or two weeks of June. 1904, the
company's operations were seriously interfered with and material damage caused to its roadway by the floods in Southern Missouri, a part of Arkansas, including the entire line of
the Fort Smith Branch, and in Indian Territory. Theresuiting damage to property, aside from loss of traffic by the
interruption, is estimated at $83,<!80 83. There was spent
during the month of June and charged to operating expenses
$23,6b3 50 on account of these flood damages. The remainder
of the amount necessarj' to complete the reconstruction has
been charged against income account for the fiscal year.
The work of rebuilding that portion of the Kansas Citj'
Terminals damaged or destroyed by the floods of June, 1903,
in the Kaw River Valley, was promptly completed, with the
exception of the permanent bridges over the Kaw River at
Argentine and Kansas City, Kansas, the contractor having
failed to complete these bridges within the time fixed by
the contract. Thecjmpanyis operating over a temporary
trestle, and it is expected that the permanent bridge in Kansas City, Kansas, will be completed at an early date,
The expenditures during lie year for ace unt of improvements, betterments and additions to roadway, bridges and
buildings were $321,119 SO, and for account of new equipment
With the exception of
engines and cars— $4i2,'',20 28.
eight engines, all this equipment was in use during a part of
the fiscal year ended .June 30, 1903, the annual report lor that
year showing that it was being operated under temporary
arrangements which provided for purchase on satisfactory
terms.
This purchase has been effected, the equipment
taken over, and at the date of this rep irt has been luliypaid
for, with no obligations in the way of car trust or other liens,
A new freight warehouse and yards connected therewith
were completed at Shreveport and opened for business in
February. These improvements were completed at a cost
within the ( riginal appropriation. The freiglit station is
conveniently located, accessible to the business district of
the city, and provides desirable facilities for the handling
of the company's important traffic at that point.
Contract was made calling for the delivery of 5,000 tons
of 80-pound steel rail prior to June 30, 1904, but, owing to
'
—
[Vol. Lxxix,
interruption by strikes and labor troubles in Colorado, the
Colorado Fuel & Iron Co. was not able to deliver the amount
within the time specified. Owing to the types of engines
and cars which the company is required to use in the move-
ment
of its traffic, the entire main line between Kansas
City and Port Arthur should within a reasonable time be relaid with 80-pound rail, replacing the 50 and 60 pound rail
now in track. With respect to that part of the line between Kansas City and Shreveport 560 ruiles— consideration
should be given to providing funds necessary to furnish
heavier rail as rapidly as it can be economically placed in
track. On that portion of the line there have been laid to
June 30, 1904, 128 miles of 75 and 80-pound rail.
From the standpoint of economy in transportation expenses, attention isagain directed to the question of continuous grade reductions on certain portions of the line, notably between Horatio, Arkansas and Shreveport, where it is
believed, with comparatively small expenditure, reductions in
grade can be effected that will result in greater economy of
operations. On the northern portion of the main line, although the grades are numerous and heavy, work in the way
of reduction is not at present under consideration for the
reason that the cost as shown by prel'minary survey^s and
estimates, involving material changes in location and much
heavy work, is so large that it does not appear practicable to
undertake it at the present time. These adverse conditions
against economical transportation results, however, only
emphasize the necessity for prompt renewal of rails, ballast
ing the line and maintaining the rolling stock at a high degree of efficiency.
During the fiscal year ended June 30, 1904, the expenditure
for new ballast was small, that work having been deferred
because of more pressing demands on the company's available resources. Careful consideration of this subject for the
past three or four years, having in view the volume of traffic
to be handled, and the character of the material out of which
much of the roadbed is constructed, approves the recommendation that to bring about the requisite safety and
economy in the operation of trains the ballast work should
be pushed as rapidly as possible. The question as to the
kind of material that should be used for ballast— or rather
that can be made available for this purpose on the south
end of the line has not been fully decided. On the northern
division stone and gravel are found at different points conveniently located, and liberal appropriations from the company's income should be made for this work.
Following the sale of the Port Arthur canal and the terminal pr perty connected therewith at Port Arthur, Texas,
under foreclosure decree in January, 1902, serious differences arose with the Port Arthur Land Company and the
Port Arthur Townsite Company with respect to title to a
large part of the terminal property there, including the
frontage along Taylor's Bayou. In addition to their claims
OQ a portion of this prooerty, there were other unadjusted
claims between the Land and Townsite C^ompanies and the
old Channel & Dock Company and the Kansas City Pittsburgh & Gulf RR. Co. Negotiations for the adjustment of
all these claims and cDunter claims were continued by the
company's officers with view of reaching a settlement without litigation that would fully protect the railway company
in all its rights. In March, 1904, a compromise adjustment
and agreement was finally reached by which all claims between the canal company and the railway company, on the
one hand, and the land company and the townsite
company on the other hand, including title to all
property at Port Arthur claimed by the canal comFollowing this agreement,
were disposed of.
pany,
the abstracts of title involved have been examined and
deeds prepared, under the direction of the company's
counsel, for execution by the townsite and land companies. These deeds will be executed and delivered as s )on
as certain court proceedings necessary to clear the title have
been complied with. It is expected all such formalities will
de fully completed and the deeds delivered at an early
—
—
date.
The new company, the Port Arthur Canal & Dock Co.,
organized to take over the property of the old Channel
Dock Co., including the canal, wharves, slips, elevators and
warehouses at Port Arthur, is now in possession of the
properties and is preparing its mortgage thereon, which will
be executed as soon as the details are perfected, and the
bonds to be issued thereunder will be delivered to the
Ry. Co's First MortTrustee of the Kansas City Souther
gage and Deed of Trust of April 2, 190.), as provided in the
&
i
mortgage.
The litigation between the Receivers of the Kansas City
Suburban Belt RR. and the Guardian Trust Co. and certain
subordinate or allied companies connected therewith, growing out of said trust company's relations with the Kansas
Citv suburban Belt RR. Co. and its several subordinate companies going to make up the Kansas City terminal properties, and with the Port Arthur Channel & Dock Co., has not
been concluded. It is hoped that the Receivers will be able
to successfully resist these claims and to exhibit that no indebtedness exists.
As stated in previous reports to the stockholders, litigation
with the Arkansas Construction Co. was avoided, and a compromise agreement reached by which the securities set aside
to provide for any adverse claims were purchased by the railway company and converted into its treasury, Part of these
securities have been sold to pay a portion of the expenditures
—
Nov.
improvements and additions to the property, and the remainder still constitutes a part of the treasury assets.
The net earnings of the Kansas City Pittsburgh & Gulf
Railroad during the fiscal year ended June 30, 1899, the last
annual report before the sale of the properties, were
on bonds,
,i796 338 52; the deficit, after allowing for interest
1 he net earnings during the fiscal year
96.
$317,007
'was
etc
ended June 30, 1900, after payment of taxes, were *689,Comparing the operations of the year ended June
178 61
gross earn30 1904, with the fiscal year ended June 30, 1900,
operating expenses and
ings have increased 56-61 per cent;
for
payment of
taxes increased 37-03 per cent; net receipts, after
operating expenses and taxes, increased 154*05 per cent. 1 he
increased
gross receipts from operation per mile of road have
of road,
from $4,942 17 to *7,688 37, and net receipts per mile
from !if826.96 to
after payment of taxes, have increased
without increase in
$2 086 95. These results were obtained
No. l.-THE KANSAS CITY
SOUTHERN
its
appreciation uf the faith-
officers
and employees during
the year.
By
order of the Board of Directors.
Respectfully submitted,
STUART
R.
KNOTT,
PrtsiueTit,
AND LIABILITIES JUNE
30, 1904,
-
*78,179,4^y lb
„-,oorj^ii
11
4,913,266
$83,092,695 27
$81,000,000 00
--•
Indivrduals'and 'com panics
Material, Fuel and Supplies
8.
property.
Improvements and
1900, to June 30. 1904...,
CCRRRNT ASSETS-
U.
tlie
The Board desires to express
ful and efficient services of its
LIABILITIES.
Agents and Conductors
Traffic
additions to
Capital Liabilities—
Bxpenditures lor Construction,
1,
basis for
$21,000,000 00
Preferred Capital Stock
ii0,000,000 00
--.
Common Capital Stock
Gold
Bonds,
Three per cent First Mortgage Fllty-Year
30,000,000 00
•1950
due
:
Securities
That they have not as yet furnished a
permanent payment of dividends on preferred stock
the reports of the company's operations and financial conditions seem fully to exhibit. The policy of investing the
surplus income in the property has been approved by the results, which could not have been obtained but for such investment of that surplus in the required improvements and
operated mileage.
RY. CO. -ASSETS
ASSETS.
Capital Assets—
Cost of Railways, Equipment, Appurtenances and
Equipment from April
22\S
THE CHRONICLE.
19, 1904.1
Balances
-.
Government Transportation
-.
-
Cost of Stocks and Bonds Owned, as detailed below
Ctikrent Liabilities—
Coupons Matured but not Presented
482 714 77 Accrued Interest on Bonds to June 30, 1904, not due.
Accrued Interest on Loans to June 30, 1904, not dae..
f R^'ct^ oo Loans and Bills Payable
af'nnat^ Vouchers and Pay Rolls
o^'^o^ oi Unexpended ^.pproprtatlons for Reconstruction of
o^o'ono oA
Damages Caused by Floods In 1903
8 08, a9B
Appropriation for Reconstruction of Damages caused
,
"$2,265,853 27
by Floods in 1901
$15,0 1 6 34
225,000 00
12,2«3 33
l,2r.0,725
54
437,473 24
M
76,230 91
59,6 17 33
$2,076,346 69
CONTINGENT ASSETS-
»i^a,ououu
Proprietary Companies
Deferred LiabilitiesTaxes Assessed, but not due
$68,231 96
Contingent Liabilities—
Unadjusted Accounts
Renewal and Replacement Funds
$37,868 78
234,511 30
$272,380 08
Balance to Credit of Profit and Loss (No.
3.)
...
$2,070,589 81
$85,487,548 54
5,487,548 54
——
*
.
STOCKS AND BONDS OWNED,
Face Value.
$622.62.5
The Kansas City Southern Railway Company Preferred Capital St-ck
The Kansas Oltv Southern Railway Company Common Capital Stock
--.
---.j,---^ A,--,-^-i,--- vThe Arkansa"* Western Railway Company Capital Stock
Year Gold Bonds
The Arkansas Western Railway Company Five per cent First Mortgage Thirty-
00
fi?q'innno
fi^nnno
no
boO.O
OO 00
$3,411,450 00
No,
2.-THE KANSAS CITY SOUTHERN RAILWAY COMPANY. INCOME ACCOUNT FOR THE YEAR ENDING JUNE
Operating Expenses—
-
Maintenance of Way and Structures
Maintenance of Equipment
CoDducllng Transportation
,*n„^,,To La
o'ka^-Vqa kk
^'owi^^
qq
273,b44 88
General Expenses
$4,549,179 11
rpj^Xj-g
PERCENT FIRST MOKTGE BONDS
Discount, Interest AND Exchange
Balancu: TO Income account, Below,
INTEBe'st'oN 3
150,254 00
899.9H8 75
oZonoInQ
ij5,j,0J rf v<i
30, 1904,
Gross Transportation Receipts—
$771,688 68
101,223 52
Passenger
Mall...:.
130,!\34
Express
5,334,737
45,160
1,880
65,094
Freight
Car Service
Rentals
Other Sources
34
58
00
72
85
$6,450,319 69
63,871 37
Rentals and Other Income
Interest on Bonds Owned
8,78176
$6,525,972 82
$6,525,972 82
APPROPRIATION OF INCOME.
Adjustments in Old Claims and Accounts
Appropriated for Additions to. Betterments and Improvemeitsof. Roadway. Bridges and Buildings
Appropriated for Repairs of Damages Caused by Floods,
Balance to Profit and loss (No. 3)
$23,866 26
Balance from Income Acoount, above
59,617 SS
448,419 b4
$853,023 03
$853 023 03
No. 3.—PROFIT
Balance, June 30, 1904
$853,023 03
,,non
»o
323 ,119
AND LOSS FOR YBAR ENDING JUNE
$2,070,589 81
30, 1904.
Balance. June 30. 1903
Balance from Income Account (No.
$1,622.170 17
448,419 64
$2,070,589 81
$2,070,589 81
—Attention is called to the offering of $500,000 Missiflsippi
Levee district 5 per cent 50-year bonds. Details will be
found in the advertinement on another page. The bonds are
offered for sale by F. R, Falton & Co. and MacDonald,
McCoy &Ck), Chicago.
2.)
has withdr^iwn from th« firm of
Co., Chicago, bankets and bond dealers,
with whom he has been associated for more th-in three years,
and contemplates opening an Indeppndent office at an early
day to deal in high-grade investmenf. qpcnritiee.
—Mr.
Drsvitt,
A,
W. Howard
Tremble
&
..
THE CHRONICLE.
22U
[VCL. LXJQJL
COTTON.
Friday Nioht, November
COMMERCIAL EPITOME
Friday Niqbt. November 18, 1904.
communication with
The
the West and South during the first half of the week interfered seriously with business activity for the time being. The
interruption in the telegraphic
sitmtion, however, has undergone no
confidence has continued general and
ia being refl .-cted in the willingness on the part of buyRenewed iners to contract against their future wants.
terest has been sliown in pig iron for forward deliveries.
Copper has continued active at advancing prices. Speculative activity in sugar induced by an indica':ed crop shortage
has been experienced, with prices deoidedly higher. In the
as indicated by our telegrams
from the South to-night la given below. For the week ending
this evening the total receipts have reached 3^4,794 bales,
against 378,707 bales last week and 429,509 balee the prevloua
week, making the total receipts since the Ist of Sept., 1904
3,840,369 bales, against 3,269,507 bales for the same period of
1903. showing an inoreaee since Sent. 1, 1904, of 570,862 bales.
general business
noteworthy changes
;
dry goods trade buyers have been reported as showing more
of a willingness to anticipate future wants.
Lird on the spot has had only a limited sale, the demand
from both exporters and refiners being light. Prices have
declined. The close was quiet at 7'45c. for prime Western
and 7 '00c. for prime City. Refined lard has been quiet and
easier, cloeing at 7'60c. for refined for the Continent. Specu-
and under
To-day the market
18, 1904.
The Movement of the Ceop
Beetipts
at—
Bat.
\
Tuti.
3ton.
Wed.
\
|
!
Thurg.
tn.
\
Ttilal.
\
QalTeeton
14,595 21,600 27,839 18,264 17,310 12.520 109,028
3.938
3,£93
SewOrleaae... 12,151 21,463 24,232 17,3)1 20,368 18.050 113,645
Mobile....
2,908
1,688
2,378 3,700 1,818 1,967 14,149
211
Peneaoola, Ao.
100
792
585
5.225
6,943
Savannah
15.939 10,683 13.459 8,426 8.862
8.879 66,248
BnuiBw'k, &c
9.027
9,027
Oharleaton
433 1,109 2,247
1,549 2,557
1,004
8,898
Pt. Royal, &c.
W^llmlngton....
2,412 2,782 2,983 17,347
3,624 2,718 2,828
Wa8h'toii,Ao.
15
15
Sorlolk
4.632 4.609 6.892 7,065 2,676 4,936 29,709
N'p't NewB, *e.
127
....
127
100
700
45
New York.
439
1,284
627
212
Boston
498 1,229
567
247
3,376
Baltimore
387
387
Pt.Ajrthur,<feo
50
PhUadelp'a.*o
26
......
""96
76
313
lation in lard for future delivery has been quiet,
selling
by packers prices have yielded.
was quiet and
DAILY OLCfllHO PBIORB OV LABD VaTlTBBI IM 0HI01.GO.
Sat.
710
Dec.del'y
Jan.del'y
7-17J«
7-30
Kon.
702>t
707i«
tuti.
6'97i«
702Jfl
7-17i«
Thun.
Wed.
700
7 07Ja
7-22ia
7 05
7-20
week. 53,182 71,735 79,146 56.083 55.590 66,060 384,794
Tot. this
The following shows the week's total receipts, the total since
Septi 1, 1904, and the stocks to-night, compared with last year.
slightly easier.
ffi
6-97ia
7-02>«
716
7-22ifl
Muy ael'y
The demand for pork has been limited and prices have
been easier, closing at $12 75013 for mes3, $l4 50@18for
short clear and $14 76@15 50 for facnily. Cut meats have been
quiet but steady at 7>^c. for pickled shoulders, 9i^@l0c. for
pickled hams and 8%@9}4q. for pickled bailies, 14@10 lbs.
average. B ef has had a sliglitly better sile and at steady
prices, closing at $3 50@9 00 for mess, $10 for packet, |11 for
family and $15 50@16 50 for extra ladia mess in tierces.
Tallow has been more active and firmer, closing at 4%c.
Stearines have been quiet, closing at 8:;. for lard stearine and
Cotton-aeed oil has been fairly
6)^0. for oleo stearine.
active at steady prices, closing at 37@27i^c. for prime yel-
Butter has been firmly held on lisht receipts, closing
at 15@25J^c. for creamery. Caeese has been in fair demand
aad firm at 83^@113^o. for State factory, full cream. Fresh
eggs have been in limited supply and firm, closing at 29o. for
low.
best Western.
Brazl grides of coffee have been dull and easier, buyers
have withdrawn from the market and there has b^'en a
gradually yielding of prices. The close was dull at 8% for
Rio No. 7 and 8%«. for Santos No. 4 West India growths
have been in moderate demand and steady. The close was
quiet at 9i^c. for good Cucuta and ll@ll)^c. for good
average Bogota. East India growths have been steady.
Speculation In the market for contracts has been moderately
Prices have declined under selling to liquidate long
active.
1904.
ReeeiptM to
N<yv.
TKU
18
i
toeek.
1903.
Thu
Since Sep.
1, 1901.
i
week.
Stock.
Since S^.
1, 1903.
1904.
aalveaton.
109,0^8 1,222,153 161,663 1,140.491
Pt. Ar.,&o.
85,6J6
3,998
36,319
6,931
JJew Orleans L13.645
829,078 122,169 714,377
MobUe
14,449 126,543 11,382 109,361
P'aaeolo, &o.
52,861
9,ll6
6,918
40,609
Savannah... 66,248 868.815 56,123 625.691
Br'wlok, Ac.
70,349
9,027
58,279
9.986
Charleston.
111,997
8,899 133.141
8,441
296
P. Royal, (Sec.
114
747
WllminKton. 17,347 202.504 15,947 218,852
122
Wash'n, &o.
15
23
245
^OTtoVk
29,709 288,370 22.199 211,6jl
127
2,532
N'portN.,&c
198
2,166
4,194
!Tew York...
1,284
1,941
5,652
955
2,75S
Boston
3,375
Baltimore...
387
764
6.655
2,873
12
313
1.724
1 8J8
Phlladel,&o.
196,148
249,136
356.065
52,812
259,076
39,470
142.784
16,372
39.087
126,628
8,367
19,795
13.200
27,690
23.284
19,646
83,337
1.984
6,207
90,263
28,000
4,821
3,141
932 ia4'
876.033
854
3ii4,794'3,840,369 428,06 J'3,269.'>07
Totals
1903.
In order that a comparison may be made with other years,
?ve give below the totals at leading ports for six seasons.
Iteceipit
at—
1904.
1902.
1903.
1901.
1900.
1899.
1
•.
All others...
Sept
7-35o.
7'50o.
113,026
113,645
14,449
66.243
8,899
17.362
29,709
127
21,329
Oct
7'55c
Tot. this
wk.
384 794
contracts.
closing asked prices:
March. ....^.. . 700o. July
The following are the
Nov
Deo
Jan
6'65o.
6-700.
1
I
|
May
7-20e.
7'30o.
6'80c.!June
I
Raw
fuorars have been active and higher, closing firm at
4 11-1P@13<(3. for centrifugals, 96-ieg teat, and 4 3 l6@l>^o.
Refined sugar has been la good
f or muscoviido, 89 dtg. test.
demand and firm at 5'35c. for granulated. 0:her staple
groceries have been quiet.
Kentucky tobacco has neen in moderate demand and at wellmainttiiaed prices. Seed-leaf tobacco has been in good demand, most of the buslneas transacted being in lfi03 Pennsylvania crop broad leaf and Z mmers Spanish; 1903 crop Wisconsin tobacco is held at extreme prices. Sumatra tobacco has
Demand for wana tobacco
had a good sale at firm price
has been more active and at firm prices.
Prices for Straits tin have advanced slightly, and the close
was steady at 29'10@29'17KC' Ingot copper has continued
in active demand at advancing prices, closing firm at lil4@
14^ c. for Lake and \i%@\A.%'^. for electrolytic. Lsad
has sold at higher prices, closing steady at 4'60@4 70c.
Spelter has been in more active demand and firmer, closing
at 5'50@5'60j. Pig iron has been in better demand for future
shipment, closing at |16 50 for No. 2 Northern and |16 75@
=i.
H
17 25 for No. 2 Southern.
Refined petroleum for export has been in fair drm'^nd and
firm, closing at 7"95c. in bbls., 10"85c. in cases and 5'('5j. in
bulk. Naphtha has been steady at llj^c. for 71 degrees aad
Credit balances have been firm, closing
12c. for 76 degrees.
at l'60c. Spirits turpentine has been quiet but steady at
Rosins have had a limited sale at steady
54l\ for machines.
price?, closing at $3 for common and good strained.
Hops
have been quiet. Wool has been in fair demand and firm.
&o.
(dbalves'n,
New
Orleans
MobUe
Savannah...
Ohas'ton,
<Jk;o.
^ilm'ton &c
Norfolk
N. News, *o.
170,604
122,169
11,382
66,123
8,555
15,970
22,199
198
20,863
428,063
Since Sept. 1 3840,369 3269,50
7
69 853
93,518
97,822 100.011
11,232
6,249
69,191
54.297
5.819
13,103
12,282
16,034
15.858
21,556
1,329
9,684
46.270
15.764
102.705
95,831
4,895
26,485
8.440
10,748
9.161
1,727
23,163
13,197
319,868 823.059 283,085
263,741
98,842
64,901
7.282
43,117
9,599
7,231
19,0S6
487
3236.9/8 306o,tto9 i078 072 2822,858
The exports
(or the week ending this evening reach a total
of 3 )7,733 bales, of which 138,577 were to Great Britain, 38,158
to France and 133,003 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1, 1904.
Week Ending Nov. 18 ,1904.
BxvorUd to—
Bxport$
^
from—
Qreat
Oonti- 2otal
Ont'n. **''"^«l nent. Wttk.
»
1
0&,923
ialveston
....
Pt.Arthur, *o.
8*,10J
SewOrleani.. 41,176
6,414
18.9.2
6,bl»
Sruniwlok....
JharlMton....
Port Royal....
Wilmington..
84,490
9.220
6.S25
sept.
Great
Britain.
1904,
Franct
bO 1.700 147,669
86,646
82,S10
9,ie9
228.28 J
6.325
17.144
9.311
1^9,368
3j,223
42,8S9 61,73.
19,0^7
84,161
84,151
77.161
300
0,6(0
7,657
10.166
329
6,295
117 313
44 on
33.199
11,619
a.662
8.300
800
8.608
308ton
Baltimore
5.908
...
3.600
1.860
3.0
Philadelphia.
<an rran.. Ao.
Total
Not .
6.350
267
667
9.16W
8,S&0
/
136,677
I
li!,776
33.1S3 133 008 307.733 1,297.. 39 80« 1 2
64,468 161.946 831,779
18. 1901
Uontinent.
1
Total.
191.0<f6
903.991
19,116
119.276
87,018
464.066
22.862
418E9
19.665
S.2,30t
626.885
4'),O20
33,026
....
*o..
Total. 1903...
ic
88.03)
Sorfolk.
yport N.,
Sew York
1,
Exported to—
7.9aa
1
Hoblle
?eniaoola,&o.
4aTannah......
89,311
9,9S6
from
9»>3.636 ."23 0^0
21.873
21,378
105.296
1,127
188.119
18.427
eoo
10,9C0
69.116
3,129
9.8H6
193.836
47,680
45,945
169
15.038
21.623
21,628
l.O »i^,H77 <.«07,01-1
U42,M)0 8,a20,c06
—
Nov.
2
.
.
'
THE CHRONICLE.
19, 1904.]
FuTUBES.
In addition to above exports, our telegrams to-night also
give us the following amounts of cotton on sh'pboard, not
add similar figures for
cleared, at the ports named.
New York, vphich are prepared for our special use by
Barrows, Produce Exchange Building.
Messrs. Lambert
2215
—Highest, lowest and closing prices at New York.
We
&
ON JHIPBOAKD, NOT CLEARED FOB—
s
Leaving
Nov. 18 at-
Other Coastfl'«»*Oreat
Britain Fr'nce^^any. For'gn wise.
Steele.
1
Total.
9,772 16,065
46.00."^ 20,124
17,219 ......
11,124
29,44! 25,48.^
2^,t20 3,600
1,207
3,390
3,500
27509«
80,970
95,639
20,719
11,375
14,000
13.000
100..* f
9
«
I
13,000
74.461 33,585 77,196 50,013 20,348 255,603
676,631
I
Total 1903.. 121,435 74,102 6-^,943 2.1,092'l8.S90'304,962
Total 1902. 106.116 39,834 34 563 46.268 17,152 243,933
57>.07l
I
..
Oharleston...
.,
MobUe
8,400
Norfolk
irew York....
Otber ports .
•
3,600
Total 1904..
2,000
3,000 10,000
-...•
......
•.
4.000
10,000
251
700
1,200
3,000
1,000
fi,900
.
UPLANDS.
Sat.
Low Middling..
Mkldilng
Good Middling.
Middling Fair..
GULF.
Good Ordinary.
9-25
9-25
9*87
Sat.
I?loii
Tne«
Low Middling..
9 60 9-60
10 12 10-12 10-12
Middling
Good Middling.
Middling Fair..
lu-94
m 94
U-4«
11-46
©-."iO
Wed
Tli.
940
9-SO
9-92
Frl
9 25
1002
9 b7
10^0 10^0 1060 1040 10^0 10 25
STAINED.
Sat.
Low Middling
10 94 10-84 10 74 llo 69
U-46 11-36 11 26 111 21
mon Tnea
876
Xfed.
Frt
Tli.
8-55
8-60
9-.'0
9-^5
9 76 9-75
9-91
9-71
9»6
9 91
9 81
1025 10 2ft 10 25 10 15 lOO-i llO-(0
8-75
MlddUng
Low
Prl.
Tta.
9*25
915 9 05 9 00
9-'
9-77
9-87
9 87
9 67
10 A5 10-i!5 10 25 10-15, 1005 10 '0
iu69 10-69 lc-69 10-59 \lV4.^ 1 44
11 21 11 21 lll-21 11 11 III 01 10-96
Good Ordinary.
Strict
Wed
miou Tues
Middling Tinged..
Good Middling Tinged
8 75
9-76
9-91
8-65
9-65
I
middling upland at New York on
Nov. 18 for each of the past 3i years have been as follows.
The quotations
for
1904.. ..0.10-00
1880. ...0.11
1896 ...0. 1' 16 1888. ...0.10
1903
11 S»
1038
1895
1887
1979
1 »4
fc7,8
.'^88
8-35
1902.
18 '4
1886
1878
97i6
93i6
Hi*
1901.
1H93
1885
1877
8li«
97ie
1900.
12
9i6,e 1892
94
1884
1876
lO&ia
1699.
1875
1891
1883
7»,«
lO^is
135ie
81ia
1898.
lo»,
1890
.
V88
1882
1874
14''e
15i«
6 '8
1897.
1116
1869
1881
104
le 1873
NoTB,—On Oct. I, IH74, grades of cotton as qaoted were changed
According to the new claBsltioatlon Middling was on that day qaoted
*80. lower Chan Middling of the old olaKsllioation.
MARKET AND
I
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10
II
I
II
I
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11
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702 626
Specniatlon in cotton for future delivery has been quiet; in
fact during tbe fore part of the week the market was dull.
Telegraphic communieation with the South, owine to crippled condition of tbe wires, was practically ehat cfiE during
the first few days of the week, and this was largely reeponeiTbe tendency of prices
ble for the stagnation of business.
has been towards a lower basis. During the latter part of
the week reports were current of an easier tendency in thf
South. There was moderate selting against purchase a of
cotton at the South, it beicg stated that in some Instancee
interests who had bten holding cotton for higher prices w<-re
showing more of a wiUiogness to meet the market. The
movement of cotcon for the week has been fairly
the
amoant in sight reachirg figures confree,
fliderablv in excess of general expectasions, and this had
gome iiflaence against the market. At the decline in prices
bear interests have bten steady buyers to cover contracts.
Trade eptculative interests generally, it is understood, are
showing a disposition to reduce their commitments in the
market preparatory to the issuing by the Government s A.gricnltural Bareau early in December of Its estimate of tiie
yield of the present cotton crop. Tc-day the market was
moderately active. There was a fan amount of cotton for
sale, but it was taken by shorts who were buyers to cover
contracts. The close was steady— 1 point lower to 3 points
higher for the day. Cotton on the spot has been easier,
cloelrg at 10/. f( r middling uplands.
The ratps on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be deli vert d on contract, are as follows.
Pair
Good Middling Tinged ..c. Even
c. 1-30 on
Middling Fair
96 on Strict MlddUig Tinged....
06 oil
Middling Tinged
012 oil
Strict Good Middling
0-6.J on
Good Middling
044 on Strict Low Mid. Tinged ... 3J oil
Strict Low Midd.ing
014 oil Low Middling Tinged
050 ofl
0-38 off Strict Good Old. Tinged
84 oil
Low Middling
Strict Good Ordinary
050 oil
72 off Middling Stained
GoodOrdlnnry
100 off Strict Low Mid. Stained... 1 06 oil
1-50 off
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
On this basis the official prices for a few of the grades for
the past week— Nov. 12 to Nov. 18— would be as follows.
CO o
2i
II
OS
122 066
2 719
38.8'2
10 2»4
76,437
25,617
Bavannah..
II
I
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Hew Orleans.
Galveston
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The Visible Supply of Cotton to-night, as made up by
cable and teiegrapo, is as follows. Foreign stocRs, as well
as the bflont, are this week's returns, and contequeatly all
figures are brought down' to Thursday evening.
f> reign
Bat to make the total the complete fi^^jures for to-night
(Nov. lb), we add the item of exports from the United Stales,
including in it the exports of Ftiday only,
1904,
Stocb at uivDtpool
.bftieii.
Stock at ^Omf'nT
Stock at ^f anohoBTAr. .... ..—^
Total Great Britain took.
,
StOOkat i^m <u,g...„_^
ok
ck
stock
Stock
8t<
St'
at
at
at
at
,
'Bremen...,. ...... .M»
&,ntweri) ....... .....^
452,000
14,000
17.000
483.000
24 000
2c4.000
4 000
1908.
l'»03.
288.000 347,000
17,000
7.000
27,000
33^,000' 3^4,000
26000
118,000
4
ooo
9 000
89,000
5
000
1901.
358,000
6,000
364,000
12 000
64,000
3,000
63 000
2.000
26,000
10,000
4,000
184.000
548,000
>l»vre
116,000
63 000
«.,.-..... 116.000
€arBeilles..o.
8.000
V.OOO
3,000
etockat <5»roelon a.... ........
10,000
26,000
36,000
Stock at *«no»..„
36 000
2 000
24,000
Stock at "•••«>•*'*.......- .._.....
6 000
4 000
3 000
Total Continental stocks
402,000 324 00 231,000
58~,000
Total Enropeau stocks.... 8S5 000 65«,c00
14 000
24 000
11,000
India cotton .a««...iui a, u.ope
1 J.i.OO
A.mer.ootion •'">*r toi-B'rope. "JTe.OOO 831,000 701.000
942.000
60,000
Bnypt, BrazlL&e., «nt.(OT£'pe
6).000
66 000
55,000
isti.ooo
137 000 15^.000
Stock in Alexandria, Egypt... 139.000
Stock in Bombay, ludla....... 1R7.0O0 132,ooo
133.000
91, OOO
94-i 4ft9
85''.460
stock in United Hates porta.. 932 134 876,033
8v<9
Stock In U. 8. interior towns.. 676 982 4''1
5S6 5^4 624 260
74.100
United States «rT>OTt;i»lo-<1»y.
26 869
30.459
58.567
Total visible supply
3 695,985 3,234,032 3,203,482 3,343,287
Of UieaDwe, totaiaof Amenoan and other descripi ions are af> tonowa:
Amcrtsan—
406,000 219.000 272,000 289,000
15 000
23,000
334,000 269,000 205.000 146.000
77e.OO0 831,000 7OI.OO0 942 000
iimerleait afloat for Bnrop«,.
932.134 87ti,033 9l6 4S9 865 460
laltedStatrsstiook
.'^86.6^4
624.260
Inlted States laterloi atooks. 675,! 82 451 899
yo,4.«>9
74.100
58.567
25 8' 9
'nItAA RtatA»f)rport8 to-dayTotal Amenoan...... ...
8,163 9b5 2,7*4 032 2,741,482 2,916.287
JafI rH4atian, BraUl, «l8
76,000
69,000
69.000
ulTflrpool stock. ...^ .........
47,000
7.000
6.000
17,000
L.0Ti4og •tjook.. ....... ..,„....
14.000
4.000
2,000
Manchester stock........ ......
V 6.606
3 8, 006
55.000
68 000
2i.OuO
1 ,000
12.000
14,000
ndla afloat tor Europe . .....^
6O.()O0
55.000
66 000
61.000
IgTPt. Brasll Ac, aflokt
137
000 157.000
136 000
itooB In Aiezandrla, Egypt... 13^,000
133
000
91000
132,000
000
187
<t«ek Id Bombay, India........
632 000 490.000 4(i2,000 4 8M,000
Total Bast tDdla, *«
8,163,98"! 2,744,032 2^41, 4H2 2.915^287
Total American
8.695,965 3.234^032 37203,482 3 343.287
lotai visible snppiy
4l'.-,3d.
6 «'2d
4-64d
5-34d
uddllnir Upland, Liverpool
a-.'iOc.
so.
11300.
10 (too.
(tddiiDff Upund. New York.
8i5„d,
8!iii
';-''i«d.
5M.
<Kypt Goo(f Bro-w-n. Liverpool
9 2,'id
e-90d.
7d.
•rn • Kon^h Oood, Liverpool 10n6d.
Liverpool stock. ....... .balAB.
ttanoheater stock.......
Jontlnental atooan....... _^i_.
..
1
,
Futures
Spot Market
Mabkkt
Olusbd.
Saturday.. r>ull
Monday... Dull
Tuesday
.
Wednesday
.iiii^t
Globed.
steady
->'«»dy
B'rly steady.
«i*dy
Dull, 10 pt8, do
Thursday.. Ixill, 10 pt8 d() Steady
Friday
Dull, 5 pts. deo. riieady
•
Sales op Spot
& Oontbact.
Ex-
Oon-
Oon-
port.
sump.
Iract.
....
65
i,io6
....
23
Total.
55
1,100
"23
700
700
1.800
i.H-:a
iroacb Vine Liverpool.
<r)T<*^M|lT (.^rtoil i.lvArpon
G9~ Continental imports
•
Total
...
78
57, «d
57,ad
M-i,6d.
611, ad
4!<id,
4a«3ad.
*'ud.
past week have Deen 210,000 bales
The above figurpB for 1904 show j<n in-Tpase over i»at week
f a2P 588 hales
gain n< 461,053 bales over 1903 anexce«- of
4l<2,(.03 ualee over 1902 and a gain of 86:j,t)9S bales over 1901.
...
.
«
.
THE CHRONICLE.
22IG
At the Interior Towns
movement— that
is the
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1903 is set out in detail below.
receipts for the
the
week and smce
Sept.
1,
—
Quotations for Middling Cotton at Other Markets.—
Below are closing quotations of middling cotton at Southern
and other principal cotton markets for each day of the week.
(s cp (^ so n*Lr
cjvi OB ai
-1*3
£
O
B
B»° o icao
o
9
5 5
i;;
.
oi
(B
w
5
:w2'
OD O
'
w2
2
iis
A
o
H aii(^ a 1^
'<'
M M CO to W W
OI 1^ 09 iK
CO
Cii
1025
Baltimore...
Pblladelph'a
10-00
10-50
O
»a OT
M
CO
M
kO
Atlanta.
rf^
Columbus, Qa.
Columbus.Miss
.
CO
to
WOMC1W w<i *> w tow CO CO CO to to to M_totop<w_to ^j^top"
<IW tf' OlV (J>'*>-M 0« CJI to oV 00 O to © WVOO ex tC O iyilo^l OS 05 to CO ex '^ CO
ip.,
M
C
1^
— lt>.OCOXOSOSCO:'"''-JCOtOI-'-JOatOtO
coeO)->©coxoTr->to©co©cot9i^'<)Ou3Xi(^tOj(^ooieoto>]aDtoocxtox>-
i
01rauJC6«qCO'^"000100ClOSrO*..
00
ex
c
CO
i-joo
*i. c;i
*k en OS *• CO (^ -' CO to to to <i
Closmg.
Jan' ART—
co*>-cxeo
)(^
— 0©tO»-'i-'ON=<lCO'-'01COC3l
O^toeoiu.toif'.cxh-xcocococOiocorf^i-'O'ifi.p-^cotDaicoeototOif^O'if'
Range
toeocxo«)tococxosOi*»h-xao>oocotocoioocoo30SH-oos*^<icoui<i
.
Closing..
March—
O
to
OS
ll^tO
10-25
10-12
10-50
l'i-40
911,.
91I16
9%
9%
9%
9\
9%
dBJe
9"l6
10 OS
10-16
10-12
10-30
9\
911,6
9liie
9H,a
91I16
9»ie
1000
10 25
9<^
»>••
91I16
b».6
pSg"
9\
gsg
9^
914
LouisvlUe
Montgomery
978
9=
912
. .
1
Nashville
Natchez
97,#
938
9»i8
Raleigh
Shreveport
Monday, Tuesday, Wed'day, Thursday Fndau.
'
\
1
Nov. 14.
i
Nov. 15.
Nov. 16.
i
Nov. 17.
'
Nov. 18.
^
CO
COS
pitOHi-qeo
CO
M
M X CO #- to
M
rf^
CO to to
X OI ex m CO ex CO H"
>--
00 60 ex <I
to
MH' tOMH M
W
H'P-'
-J
M OS ex M H X M OS oooiosxooitseoco *^oico-acO}f^co»~i<atoco §&
Ol-'C^'COtOCCOtDeXOtOexCTif-tOOOCXOCO tOCO-'<l«J-.DOS*>.OXH|t.
OltO<JO^QOeO<l — COOtOtOXXOOtox>-^0<^octStO>-0»CSO^Krf:^ — tow
>-•
OSi*kOOO'ltOOS*'tOOa'COCS05^-'J©000^0©COl-'tOCOle'^Ol-OexXtO
The above totals show that the interior stocks have increased during the week 81.' 6') bales, and are to-night 224,083
bales more than same period last year. The receipts at all the
towns have been 14,116 bales less than same week last year.
Overland Movement for the Week and Since Sept. 1.—
give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Not. 18 and since Sept. 1 in the last two years are as follows.
We
1904.
Week.
Shipped—
Via St. Louis
1903.
Since
Week.
Sept. 1.
Since
Sept. 1.
25,060
14.870
2,890
3.466
2,344
7,463
103,575
78,615
8,865
18,167
11.133
44,805
18.199
1R P52
13.984
64,762
63,654
2,396
9,772
6,302
43,376
56,093
265,160
52,556
190,262
5,359
17,225
2,050
8,243
1,731
122
619
96>j
9,315
2,78V
12,9)4
6,100
27,518
2,962
25,046
43,993 237.642
Inoludlng movement by rail to Oanada.
49,594
165,216
Cairo
Rook Island
Loulaville
CiDcinnatl
otlier roates,
&o
Total gross overland.
...
Deduct shipments—
Overland to N. Y., Boston, &o..
Between
interior
towns
Inland, &o., from South
Total to be deducted..,.
'620
2,054
847
263
Leaving total net overland"..
this year has been 49,993 bales, against 49,fi94 bales for the
week in 1903, and that for the season to date the aggregate net
overlandjexhibits an increase over a year ago of 72,626 bales.
1904.
1903.
In Sight and Spinners'
Receipts at ports to Nov. 18.
Net overland to Nov. 18
Southern consumption Nov. 18..
Total marketed
Interior stocks in excess
Came into
Week.
Since
North, spinners' tak'ge to Nov. 18 10.'i,205
Week—
1902
Nov. 21
1901— Nov. 22
1900 Nov. 23
1899-Nov. 24
Since
Sept 1.
476,787 4,521,011 519,657 3,887.723
81,060 613,722 41,917 440,297
sight during week. 557,847
Movement
Week.
Sept. 1.
384.794 3,«40,369 428,063 3.269,507
4»,993 237,642 49, 94
165,216
42,000 44a,0u0 42,000 463,000
Total In sight Nov. 18
948--50
9-63-73 9-50--59
9 44 54
9-63--64
9-53- 54
9-51--52
I
982--88
983--84
9-R3- -88
9-96- -87
9-83- 90[ 9-72--81
9 -72.-73
9-84-
9-99--P4 10-00- 05 10-01-
9-59--67I 9-52--63
9-60--61 9-60--61
9-77--85
9-77--78
9-69--80
Range
10-11-16 10-13- 17!]0-13- 20 10-03-08
10-12-13 10-16- 17 10-14- 15 10 02-03
9-90-99
9-82-93
..
9-78-79
9-90--91| 9-90-91
Spot.-.
Options.
Steady.
Quiet.
Firm.
Easy
Steady.
B'rly st'y
I
Easy.
Steady.
Steady.
Steady.
Weather Reports by Telegraph.— Reports to us this
evening by telegraph from the South Indicate that as a rule
the weather has continued favorable during the week. At
some points along the Atlantic thers has been more rain than
of late, but quite generally dry weather has prevailed. Killing frost occurred in Arkansas on Sunday last. The gathering
of the crop has made very satisfactory progress and marketing has continued on a liberal scale,
Oalveston, Texas.— There has been no rain during the
week. The thermometer has ranged from 38 to 68, averaging
53.
Fort Worth, Texas
—Dry
all
the week. Average thermom-
eter 51, highest 74, lowest 28.
Palestine, Texas.
have
—
We
had no rain during the week.
The thermometer has averaged 54, the highest being 76 and
the lowest 33.
Taylor, Texas.—
We have had no rain during the week.
The toermometer has averaged 52, ranging from 28 to 76.
Corpus Christi, Texas.— Wq have haa rain on one day durirg the week, the rainfall being one hundredth of aa inch.
The thermometer has ranged trom 33 to 74, averaging 55.
Abilene, Texas.
It has been dry all the week.
Average
thermometer 51, highest 76, lowest 28.
Shreveport. Louisiana. We have had no rain during the
week. The thermometer has nveraged 52, the highest being
73 and the lowest 32.
New Orleans, Louisiana,— It has been dry all the week.
—
—
Average thermometer
58.
—
Columbus, Mississippi. We have had no rain the past
week. The thermometer has averaged 48, ranging from 28
to 64.
The foregoing shows that the week's net overland movement
Takings.
9-73--78 9-74--78I 9-749-75- 76; 9-77- •78 9-75-
9-90--97
9-89--90
Closing..
>-
COM to CO to CO <)^
18.
9-46- -48,
9-57--59
9'69--71
ONE—
OS -'
November
9-72--74
lOOO-OljlO-03- •04 1001-
.
Mat—
to5-'w"i-jl30'l^"-o<i'bslo'i-'%o»oocco"hf^obs©tOM«c»^
oocxtoosoi — cxoi<ico©cocx-.ixcs©cocxoso3>-'i«k(-'e;i'— cxo^i(fcs<^to S-S
tOl)^H05tO©X^»303CXCOC»tOaCXCt-'XCOtOXtO>-'X)^OSCOH.»OtOl^-tO • gj.
OS
9-47-52
9-70--71
Closing..
Range
I-"
to CO to
<1 CO CO to ex CO k; to to
t—
^•J(»H<IOO__-.QO«<)toa'ViX<l<^ tfiCX_;._tOpp#'U<_— pODOtf^X^-JCO
'I^MCx'kjcso^i — xx^coTfi^otc>|i-lo'sofflT^->-'aio
coatoco<)oo3tooi^jstD03COtD"cooip-'COxif-o#>'-J'-"QD4-xxa--iex
OCOtOCni->COOOCOXtOtOWtOr'OOXlf>'eOtOtSOSi— COOSCOOSOOOCOO©©
i»
iad
10M2
.
Closing..
.
CXtO"-3CO
*
10-25
10-25
10-00
10-50
9''i«
913, e
NOV'BEK—
Range
Dbc'bek—
Ran^e
OOSI-'--rf^COrOCOtOCOX^-'0;*'0«lOtOO>
Via
Via
Via
Via
Via
9»,i
9«8
i-"
^)-'toooo>cotou<uiif^©^toas©co©toocx©^i-'Cda''if'i^nou<ast3>4 00*
lf».C0
989
9Bb
97,6
9ill«
Sat'day,
Nov. 12.
tOMHOO
->-'<IH'tO
M H to M •- M M 00
OWtOCT»CO CXe0t0MQD_XOM0C<ll^<Jl-3 aWp^J^lf'-jSOStOpOJC w_o>
OO to OS OS CO 1^ ^'^ 'to to o-.to o "w'cocx oVi bsVi h-'hOD *- x c- m"— CbV) to'^oo
<lxuit5coco<ioco»cota<itoi^tccocooocDtoococnco'-'»Jioxeoss
(-to
9»8
989
9i«
New Orleans Option Market.—The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
CA((^05coe>jxco«i^-eo«oif>-*.-o~itoM«jMt5tocoo3cecstooy>i(>-i-'ioco
f
9'iu
98ft
988
911,6
9»18
>>>_•
91I16
938
....
M
ii^.
'k>coc»bi®ci-'Mrfiifilcw^jhOOC3»'<ncoa'*'aDwooitooa
»OC;iJii-'.-X05tOl(^»COCOMI-'*»lfkX05>-'!OtOVOl^tOWOX*>-^«X-)
03
9iiia
The closing quotations to-day (Friday) at other important
Southern markets were as follows.
M to i-tocoeowcototo'-' to w to c to os t^ <) to f
X » N) 05 W 00 to X X WCO Ul^^ 0> W OD O O tO<l 03 CO_X or <l C0;sI^_O X
*>.
Louis
Uttle Rock..
«>05<-tfi.«5~)l-'«tO(»COlf^(OOOlf^»OW»OHO>5eO»-'frOtOOOl-'(Ji(»N.Oli-'
osoi-'Wto
9%
9%
9i:il9
Houston
W O «J
9I>8
9\
9%
^''6
Memphis
10
CO
934
958
Boston
St.
W<i^bO«tO«e0550CO»i«'MX'Ot0010*»-COOI01-JOr-iIi05-J<lCnt30:rf»-«0
CO-'CX-OOOCflCOyitOOi — ^COaCOOW«kXOStO«5<0(f'P-'— 0>©'^-«JO!0
9^
flii,e
9^2
Augusta.
5a- «
9%
988
9»8
99 e
.
53
OH—
Safday. Monday. Tuesday. Wed'day. TKursd'y FHday.
Galveston.
New Orleans
Mobile
Savannah...
Charleston
Wilmington.
Norfolk
dBL^
o
t-oD
0LO8INO QUOTATIONS FOB MIDDLnrO COTTON
Week ending
Nov. 18.
-
[Vol. Lxxix.
561,574
5,134,733
635.258
into sight in previous years.
BaUi.
Since Sept. 1—
441,376 1902-- Nov. 21...
429,99H 1?01— Nov. 22
378,930 1800— Nov. 23
400,468 1899— Nov. 24
4,328,620
77,820
491.734
Bales.
..
4,567.581
4,278,819
4,40ri,248
4,187,236
Leland, Mississippi.— There has been no rain during the
The thermometer has ranged from 25 to 7i), averagv^eek
ing 47-1.
Vicksbiirg, Mississippi.-We have had rain on one day of
the past week, the precipitation being one hundredth of an
inch. Average thermometer 51, highest 73 and lowest; 36.
Little Roeic, Arkansaa.—Vfe had a kiilicg frost on Sunday.
Farmers are rushing picking and selling fa.st. We have had
only a trace of rain during the week. The thermometer has
averaged 47, the highept being 72 and the lowest 29.
Helena, .Ar/cansixs.- Killing frost on the 13th. Picking
progressing well. We have had rain on one day during the
week, to the extent of eleven hundredths of an inch. The
thermometer has averag<^d 44'3, ranging from 28 to 68.
Memphis, Tennea-see. — Killing froet and ice on the 13th.
Picking and marketing active. We have had no rain during
the week.^The thermometer has ranged from 32 6 to 68, averaging 46'9.
Nashville, Tennessee,
Dry all the week. Average thermometer 47, highest 66, lowest 27.
Weather in
.Mo6i/e, .AZctbama.— Light frost on the 15th,
the interior fair and cold, with freezing temperature the
middle of the week. Cotton picking nearing oompletion
and good jields generally reporttd. We have had rain on
—
S
.
KOY.
2217
THE CHRONICLE.
19, 1904.]
being twenty hunone day during the week,the precipitation
averaged 55, the
dredths of an inch. The thermometer has
highest being 71 and the lowest, 86.
.
mr
Montaomery, Alabama.— Pickmg nearly completel. Marday the past week,
ketine rapid. We have had rain on one
hundredths of an inch. The
the rainfall being twenty-eijzht
thermometer has averaged 49, ranging from 33 to 68.
Savannah, Georgia,— It has rained on two days of the
of an inch.
week, the rainfall reaching eighty-six hundredths
thermometer has averaged 53, the highest being 69 and
,
.,
Manchester Market.— Our report received by cable
to-night from Manchester states that the market is etroner for
yarns and firm for shirtings. Manufacturers are working at
give the prices for to-day below and leave
a fair profit.
those for previous weeks of this and last year for comparison.
We
1903.
1904.
8I4 lbs, Snirt- Cott'n
ings, common Mid.
Uplds
to finest.
32« Cop.
Twist.
SHlbs. Shirt- Cott'n
32» Cop.
common
in(/s,
to finest,
Twist.
The
the lowest 88.
ttt
,...
i,
Smyrna, Georgia,— Hsiri freaze on one night. We have
being
rainfall
the
week,
the
during
day
had rain on OEe
has
ninety-one hundredths of an inch. The thermometer
ranged from 28 to 62, averaging 43.
Charlebton, South Carolina.— Raiia has fallen on two days
hundredeths of an
of the week, to the extent of twenty-nine
lowest 38.
inch. Average thermometer 53, highest 70,
Stateburg, South Carolina,— Bnzz».Td on Sunday and freeze
on Tuesday. A light top crop of cotton is now opening.
Picking will soon wind up. We have had rain on three days
daring the week, the rainfall being two inches and nineteen
hundredths. The thermometer has averaged 47, the highest
being 65 and the lowest 31.
Greenwood, South Carolina.— Ram has fallen on one day
hundredths,
of the week, to the extent of one inch and forty
The thermometer has averaged 45, ranging from 86 to 55.
The following statement we have also received by telegraph,
showing the height of the rivers at the points named, at
8 A. M. Nov. 18, 1904, and Nov. 20, 1903.
.
Nov. 18, '04.
Feet.
Feet.
3-3
4-3
6-9
4-6
6-9
6-3
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge.
New Orleans
Memphis
Nashville
Shreveport
Vlokflburg
1-2
11
3-8
11-5
Beeeipts
ai—
Bombay.
(Since
Since
Tre«A.
31,000
-.
For
Week.
Sept. 1.
133,000
22,000
Mxports
ftont
—
Oreat
Britain.
Continent.
Total.
Bombay—
3,000
1,000
4,000
1904
1903
1902
Calcutta -
1904
1903
1902
i',ob'o
Oreat
Britain.
3.000
3,000
6.000
8,000
i^cbo
2,000
5,000
1,000
2.000
6,000
1,000
i'o'co
24,000
22,000
23,000
24.000
23,000
23,000
i'.obo
2,000
i*,oo6
2",6b6
Madras—
1904
1903
1902
All others—
1904
1903
1902 ....
Total
1,000
i'.obo
i'.obo
2',oo6
2,000
3,6o6
3,000
2,000
8,000
3,000
5,000
8,000
5,00<)
5,6'o"6
2,000
35,000
62,000
60,000
35,000
57.000
58.000
According to the foregoing, Bombay appears to show an
increase compared with last year In the week's receipts
bales. Exports from all India ports record a loss
of 9,0i
of 2,000 bales during the week and 3ince Sept. 1 show
a decrease of 27.000 bales.
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co.. of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria. Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexand^ ia, Egypt,
November
16.
1904.
Receipts (oantars*)—
This week
Since Sept. 1
Exports {bales) —
300.000
345,000
1,895,225
2,Z99,8«1
Since
This
week. Sept. 1.
Since
This
week. Sept. 1.
To Liverpool
10.000 53,418 16,500 65,698l
To Manchester
9,250 34.610
8 750 31,174
To Continent
10,500 67.755 12,000 71,703
8,435
To America.......... 2,000 9.349 3,2.^0
Total exports
*
ifeo
310,000
i
2.536,6!57
This
xoeek.
2.61 H
6.330
»,936
2,045
Since
Sept.
5-4
e
83i
534 8%
S
d.
a.
6
®8
5
5
r-gsje 5
5
5
-as
-as
-©8
5
5
-3195,
ft
5
®8
-as
d.
d.
8.
5
5
5
11*
1^2
lis
5-94
5-74
5-74
IV
5-94=
lis
6-14
1% 602
1903.
Slock.
Since
This
Since
This
week. Sept. 1. week. Sept. 1. 1904.
......-••
..... ...<
......
1,591
24.127 2.89S
725
4,582
9,606 1,290
5,278
38.315
'3,080
607
Week Ending Nov.
4,908
1903.
7.940
1,920
1,&33
7,139
1,285
26.822 11,393
8,424
19,508
4.010
3.304
1.
70.664
40.13»
74,751
18,51rt
31.290 161,696 ,41,000 180,446 20,927 204.073
A cantar ts 98 lbs
JuTK Butts. BAoaiNa, Etc.— The demand for bagging
daring the p^st; we k bas continued very qalet, but prices
for 2 lb8..
are unchanered at 6% 3 for 1^ lbs. and
standard grades. Jute butta dull at 1^®!%°- ^^^ psper
quality and 2@2>^c. for bagging quality.
1
...•
Since Sept. 1,1904. North'n Millt
Oreat Fr'nce _
from—
Oreat Fr'nce
Total. Sril'n.
BriVn.
<6c.
822
822
4R
676
457
675
7,172
2,293
1,135
3.309
Ac.
2,788
"T41
_
Week.
gept,l.
1,343
9,059
i",6'9i
8,368
-
,
,
ro««'
9,960
Since
100
2,4.S4
775
54
77.^
822
1,954 10,291
2,929 13,223
1,958
5.267' 6,101
3,635
Phlladelp'a
54
2,934 17,527
9,636' 2,268 10,536
A considerable portion of the Sea Island cotton shipped to
foreign ports goes via New York, and some small amounts via
Boston and Baltimore. Instead of including this cotton for
the week in which it leaves the Southern outports, we follow
the same plan as in our regular table of including it when
actually exported from New York, «&c. The details of the
shipments of Sea Island cotton for the week will be found
under the head " Shipping News," on a subsequent page.
Qaotations Nov. 18 at Savannah.— For Qeorgias, extra fine,
16^0.; choice, ISc; fancy, 20c.
Egyptian Crop.— Messrs. Ctioremi, Benaohl & Co. of Bosand Alexandria, Egypt, write under date of Alexandria,
ton,
October
follows :
no change In the tone
22, as
of our market, which oontlnuea very
firm with the support of the speculative element who continue operatcrop. Th« raot is th»t the hi»t but
poor
of
a
reports
ing for a rloe on
damp weather we had during September and the beginning of Ootober did not help the plant as much as was expected, and we art* now
inclined, after our laat Investigation In the interior, to reduce our
estimate. We cannot yet fix upon a figure, but are of opinion that it
will be under that of last season's.
is
GZPOBTS OP Cotton Goods from GIbkat Britain.- Below
we give the exports of cotton yarn, goods, &c., from Great
Britain for the month of October and since January 1 in
1904
of
and
1903, as
Trade returns.
rhe
movement
all
compiled by us from the British Board
It will be noticed that we have reduced
to pounds.
70tal Of All.
Cloth.
TarnAThread.
000« omitted.
1908.
loot.
1904.
1903.
1904.
1903.
1904.
Lb:
Lb:
88.93.'<
101521
106.50^
1903.
Lbt.
16.367
17.864
458,143
Tis.
475,3»5
Lba.
86.157
February....
17.015
16.647
481.47(-
46B.01tl
89,491
86,(01
March
14.008
17.480
437.81 H
486.477
81.379
90,458
QB.44V
Lbt,
106.197
108,638
107.888
Tot.lBt quar
47,146
51.241 1.877,43» l,484,88f- 85«.0»0 265.47:
803.475
816,71»
Apnl
14.<S49
16.462
405.381
418.1211
75,164
77,748
e9."l.T
May
13.5B5
16.811
402.76ii
419.04v<
74.68.(
T7,«l>-
8827H
June
18,379
18.943
408,90V
359.630
76.003
«6.85(
89,38^
94.806
94.789
79,798
Tot. 2d quar.
41,53:^
4e,uie 1.217,015 i.ioe.dui- 82S.e6u 822.511
867.373
968.787
103,(^19
Jannary
1902.
1903.
3
3
Exports
There
aU—
1904
1903
1902
AfitiOn
Total 1903.
Total.
,8,000
i'.obo
2,00'6
f ^hat'l
Total.
6,000
27,000
28,000
2,000
KAvannah
York..
Boston
6,000
25,000
26,000
3,000
1,000
4,000
3
1904.
Receipts to Nov. 18.
New
1.
Continent,
d.
for the corresponding periods of 1903, are as follows:
Oharl't'n.&c
Florida, &o.
57,000
16,000
d.
d.
5'50 8",6®9M
5-36 8I3 -agie
5-32 81^ ®9i8
5-44 883 'a>9H
Sea Island Cotton Movement.— We have received this
(Friday) evening by telegraph from the various ports the
details of the Sea Island cotton movement for the week
The receipts for the week ending to-night (Nov. 18) and
since Sept. 1, 1904, the stocks to-night and the same items
Savannah
Sept. 1.
Since September
the Week.
6
'99H 6
'S>9M
.
87,000
6
©Sie 6
d.
3
3
exports for the week ending this evening reach a total
of 1,954 bales, of which 1,132 bales were to Great Britain,
to Bremen, and the amount for822 to France and
warded to Northern mills has been 2 934 bales. Below are the
exports tor the week and since Sept. 1 in 1904 and 1908.
Since
Week.
Sept. 1.
®9
^9
®9
®9
®9
Total
1902.
1903.
R.
d.
11-^A'a>9
6
•©9^4
®9ifi
The
India Cotton Movement from all Ports.—The receipts
of cotton at Bombay and the shipments from all India ports
for the week ending Nov. 17 and for the season from Sept. 1
to Nov. 17 for three years have been as follows.
1904.
'99^ 5
Florida, &o....
Nov. 20, '03
8.
d.
d.
Oc. 14 838
•• 21 8^
" 28 83o
Nov. 4 8%
•'
11 S^a
" 18 8»i(i
Mid.
Uplds
Lba.
Til.
.July
IS.'^Ol
14.0«6
471.62V
15.60
<
14.608
B31,0<P
482,711
481.01H
90.282
August
9-t.708
90.010
104,123
114.40
September...
15.800
ii,8;r>
471,81'<
872,4Hi
87.597
69.267
108.69:
104.698
81.148
Tot.Sd quar.
4n.384
40,H8H 1.477,019 1.339.167 876.737 849.081 "iaz.iai
289.669
107,200
90.146
October
lfl.7B8
15,298
48fl.679
402.64i<
Sundry iirtlot
Total ezpc)rt» of <lotton manufactures
90.448
74,816
7f8
704
88.68-
81.883
I.C31.661
997,4«8
.
THE CHRONICLE.
'2'21S
The foroKomK dhows that there has been exportea f ron the
United Kingdom during the tea months 1,033,654,000 lbs.
of intnufactured cotton, against 997,243,00O lbs.
last year
or an increase of 80,412,000 lbs.
A further matter of interest is the destination of these
exports, and we have therefore prepared the following
statements, showing the amounts taken by the principal
countries during October and since January 1 in each
of
the Ust three years.
BXPOHT8 OF »IBOh ^()OD8 AND TARNS TO PBIWOIPAL 0OUMTBIE8
IM
OCTOBBB AND PBOM JANTJABY 1 TO OBTOBEU 81.
Piece tfood*— Fardi,
(000» omitted.)
October.
1904.
E.it Indlei
Turkey. Huypt and Afrloa..!
1U03.
1902.
I to
19o8,
190t.
E irope (ezoept Turkey)
aoatb Amerloa
North Amerloa
A otber oonntrlei
40W-(
3B.740
I
83,«/3
47,021
30.801
25,707
48(1,579 40J.S«g
£5,S4
Jti4,378
compired with
a4.67
824,-1
•^'O.Stft
26'i.t<8»
4H«,(lflH
469 14S
350
i64.30
820.6/4
2(
6.829
80^,0»7
34,i,lue
77,!
242.987
41,08-1 4,f67,088 4,3H8.2U4 4,464,849
k«,6<ll
£BiS,85l
A46,445 146,163
uermany.
Qth. Hurope (except Turkey)
Etitlndies
OQlna and Japan
Turkey and BKypt
A'l other oonntrlei
2,29
2,656
2,402
28.15^
1.9V!H
3J.1.90
l,t<ly
1,744
8,6 '2
2,84
m,57i
8.167
Si.lfiS
4tlH
2.4Uh
860
Total lb«
Total ralue..
8.8f8
1,778
l,i«5
1,6H4
2 166
2,06p
2,35"
14 39h
17,476
14.646
12,302
14,R4-
181,10*
£7,1
i;6n5
£61'
£7,a«8
23,793
8",AUB
18,010
83,19"
6 4 '6
16,0^6
17,626
181,762
5,9h0
,
28,117
22.478
23.432
Havre
^
18.
Total French
Bremen
Another
2 178
2,258
1,576
932
107,«31
9.737
141 929
4,431
2,508
117,868
149,382
9,102
S2,267
60
,
138
,
160
67
358
288
425
276
4.263
1,887
4,320
«feo.
7.408
50
1,803
Tot. to No.Europe
previoua
year.
Sept. 1.
1,753
Other French ports.!
8,173
19,093
16,620
6,126
Nov.
11.
1,476
Spain. Italy,
1
Nov.
4.
Tot. TO Gt. Bbit'n 7,462
26.>-S6
13S.fl43
Not.
28.
1,476
Other ports
2,E01
8,185
week show
thl^
we«-k,
Oct.
4,943
2,519
Hamburg
Fami—Lbi.
(OOOi omitted.)
H illand
last
the total reaching
bales, against 8,926 bales last week. Below
we give
our nsual table, showing the exports of cotton from
New York
and the direction, for each of th« last four weeks;
aleo the
total export.^ and direction since Sept.
1, 19u4, and in the last
column the total for the same period of the previous
year.
RXPOBTB OF COTTON (BALES) FROM NEW YOBK SINCE SEPT.
1, 1904.
Week Ending—
Same
Total
period
Exported to—
linee
LIvernool
Other' British ports.!
lb08.
SH.l'O
•^8.771
27,6»n
The Exports of Cotton from New York
?,?ifl°''f®^^®
liJ,18i
Oct. 31
l''3.804 195.98H 2.1 7,154 l,9,j«,737 1.914.866
loi.ne^ 78.MM« n8,«B7ltt.27i
6^0 -43 75o,3tf«
63014 v8.13i' S9.1H4
48'<94i
4-3.WZ4
HOtJ.Ui-6
Ohlnaand Japan
Total rardi.
Total Talae.
Jan.
[Vol. Lxxix,
9,153
22,267
25,182
5,416
86,487
2,029
16,898
1,50C
80,615
65,409
6,167
88,296
28,129
1,475
230
67
'"25
27S
506
Total Spain, &c.. 4,493 1,887 4,220 6,157
Grand Total .... 14,046| 3 788 8.9S6 10.165
38,801
28,129
195,936
255,137
European Cotton (;onsumption to Nov. 1.— By cable
Shipping News.— As shown on a previous page, the
to-day we have Mr. Ellison's cotton figures brought down to
sports of cotton from the United States the oast week have
iSovember 1.
We give also revised totals for last year that reached 807,733
bales.
The shipments In detail, as made up
coniparison may be made. The spinners takings in actual
from mall and telegraphic returns, are
bales
as follows:
and pounds have been as follows:
**
Nbw Yobk—To
Nov.
Oct. 1 to
Qreal Britain.
1.
Continent.
Total.
For 1904.
Takings by spinners... bales
Average weight of bales.lbs
TaUngs
In pounds...
297,000
310,000
488
487
144,936,000
150,970,000
607,000
487-5
295,906,000
For 1903.
TaMngfl by spinners... bales
Average weight of bales.lbs
Taklns-s In ponnds
Accordm^
192,000
496
95,238.000
802,000
494,000
486-2
240.192,000
480
144,9 '^0,000
to the above,
the average weight of the deiivenes^
488 pounds per bale this season, against
498 pounds during the same time last season. The Continental
dehvenes average 487 pounds, against 480 pounds last year,
and for the whole of Europe the deliveries average 487*5
pounds per bale, against 4862 pounds last season.
Oui
dispatch also gives the full movement for this year
and last
year
bales of 500 pounds.
m Great Britain
is
m
Oct 1
to
Nov.
Balet of 500
1.
1904.
each,
OOOf omitted.
Oreat
Bplnners' stock Oct. 1
Takings
to
Nov.
1....
67,
290,
Supply
~8477
Oonaampt'n, 4 weeks
264,
Spinners' stock Nov.l
83,
Weekty Oonsumplion.
OOOt omitted.
In Ontober
66.
Oontinent.
315
Total.
~3727
ereat
Britain
Conti-
nent.
rota
592.
40
195
446
802,
2S9,
486
479
617,
400,
964,
664,
230,
200,
735"
965
300,
30.
396,
596,
339
369
166.
99
149.
*«0
the same date last season.
Cotton
Mill Situation. -The cotton mills
atJ^T,^^^^'^^^
*all River, against which the strike has been
so long In
force, made an attempt to resume operations
oa Monday
last, but thus far only a small number
of hands have °
gone to
work.
Cotton ExcnA.KaE -Amendment
to
By-Laws.
Ihe amendment to the by laws dealing with spot
quota-»
'^
"'
'-^ •-- '-'-- »>
tions recently
re"""*"'" adopted
by the Board> of...
Managers was
"^ by a vote of
rejected
98 to 25. The amendment read as
follows:
—
*•»« ^»y o' meeting, consider the
h« no^^J?J"*®
o''*"- ^
**° ?P<>* Q'lotatlons and the suggestions
i5:L*^^?LH
k'®*
***
members,
^^
report of
and opinions
whether In writing or verbally, and establish
?h-^H.ff
''"•"-^ "^ *." «'•*'*••• «° O"^ off- »« '•«'at«1 to middling
«o?tnlf'7nhi'i?.
t° oonflrmatlon
°*''«°t to
or revision by ihe Board of ManaKers
i^fiL""
'^""""^ grades other than
^^X'^^^tfToT.o^t.T
mldS
H. Rainey, an old member of the New
v^wr^"^^®**°^®'
lork Cotton Exchange, was stricken with apoplexy on the
^^^^^ohBrigQ at 2 o'clock Tuesday afternoon and
^'^J^^^
Mr. Rainey was aixty eight years
J °^ Wednesday night.
old and had been a member of the New
Yjrk Cotton Exchange for thirty years.
1
as
4 261
1 138
nna
Lo'uls'lanian,
Nov. i4—
|te|mer Traveller, 6,394.. ..Nov. 15-=teamer Belgian,
To Havfe-Nov!'i6-'8't'e*amer '8'iVa'rta,"e"6 ii'.".*..'."".".'.'
16 -Steamer British Prince. 21.701 .'..
To Antwerp-Nov. ll-Steamer Ixia, 3^0
To Barcelona Nov. ll-8teamer Miguel Gallart. \^W.l'
To MalaKa-Nov. ll-Steamer MUuel Gallart. 1,000.
To Trleste-Nov. 18 -Steamer Frdero*. 3.450
.
To Venice—Nov. 18 -Steamer Federlca. 2 050.
»ALVE8TON-To Llverpool-Nov. ll-Steamer ;ivlilan, 2b,'680
....Nov. 11— Steamers Oapjlia, 5,753; Irada, 22.774,
Nov. 17— Steamer Domlnio, 5,838
^%lS.AiaG\it»tev-Soj. 11-tfteamer Anseima de'Larrlnaga!
in 880 ..
To Havre -Nov, 12-Steamer Miramlohl, 10,530 ."NovVii
-Steamer Montezima, 3 570
To Bremen -Nov. 14-SLeattier Montezuma, 9.'637.
To Rotterdam-Nov. 11— steamer R una, .^99
Mobile—To Bremen-Nov. 12-Steamer De^atna, 9.223
PEN8AOOLA—To Genoa— Nov. 15-Seamer F ri-an, 5,325
ToBremen— Nov.
*6 644
21*701
sao
5.939
1
000
3450
2 030
'
53 045
10 880
24 100
8,687
699
9.229
5,325
UAv»NNAH-To Liverpool— Nov. l«-8tr. •^t Coihbe-t, 16,90'2.. 16,902
To Havre-Nor. 14-steamer Oltta dl Nneva Orleans, 5,559 5,559
,^L*o'S®°";''°^- ^'^~S'^®*"i8" BeloH'n, 8.191; Pontlao,
11,539 ...Nov. 16-8teamerSchwarze'ifels. 7,789
27.519
"
To Hamburg -Nov. 16 Steamer Schwarz^nfels. 8^5
825
To Chrlstlana-Nor. 14-3teamer Cltta dl Nneva Orleans,
To Reval-Kov. 12-Steamer PJntYao,"46b'.'.V.' Nov!' 16- 2,097
Steamer Sohwarzenfels, 750. .,
1,150
'^o)?«'"^®il^^''^„^<'^-
100,
weekly consumption is now
iflIn^'°K®.^***°%^^«^«'^^*^****^«
100,000 bales of 500 pounds each, against
149,000 bales of
Uke weights at the corresponding time last year. The
total
spinners stocks in Great Britain and on the Continent
have
^?'000 bales during
the month and are now
prAn^nTl
69,000 bales less than at
—
^^^ ?SVS^^«'^° Llverpool-Nov." 'i-'s'teainer
8,219.. ..Nov. 12— Steamer Indian,
8,000
932
1.475
'.'.'.'
"*« o' ooneumptlon In Great Brltalir is as
»i^J„ ®K^^
«*''^^r®^'y
given
by Mr.
Eiileon. afrer allowing lor stoppage of
spinlles in
spmoies
consequence of short supply of oottoaf
New York
—
1578
.'.'."
1903.
Ibi.
Srilatn
Liverpool, per steamer Bovlo, 1,119 upland
and 457 Sea Island
To Hull, per steamer Martello, 932.'."'."."
To Bremen, per eteamers Brflm«D.652....Frledrlch,'82r3"'
To Antwerp, per steamer Fin and, 25.
To Genoa, per eteamers Gerty, 1,100.... p"hoe'nYol"aV72d""
"
Prlnzess Irene, 2,441
To Naples, per steamers Phoenicia," lOO.V.'.'p'rl'DZ ess' I'renei
1,088
.......
..
., .....
To Trieste, per steimers Gerty, 450... .Pan'nonla'.'lOO""'
Peoonlo, 158
14-8teamer
Cltta 'dlNaeVa Orreans",
«,*2?^"-^''^- 16-Steaaier8oliwarzinfels. 300
To UdJevalle-Nov 16 Sceamer Bohwarzanfels, 2>0
ToRiga-Nov. 16-Steam«rSohwa'zenfrti8. lOO
To Ooprto-Nov. 16-8teamers Sc. Oathbert, 750; Sohwarz-
500
200
100
enfele, 200
.... ...
...
^
To Barcelona -Nov. 12— Steamer Feoay Lodge.'e c'si.!"!!
To Genoa-Nov. 12— Steamer Feiav L.d«e, a.2a6
WILMINOTON-To Bremen-Nov. ll-S"ta*mer Skidb/, 11.901
9,50
8.«=32
.
2.296
....Nov. 17— Steamer Daleby, 12.250
Newport News—To Uverpool—Nov. 1 J—steamer Shenan- 84 151
doah. 300
Boston To Liverpool -Nov. ll-Steamrtr's'saohemVTOsrSax
onla. 2.619. ...Nov. 16-Steamer Oymrio. 100.
To Manohester Nov. 11— Steamer O-iledonlan, 2,514
To Yarmouth -Nov. 16 Steamer Boston, 32i>
^"'J'*'J?^*'~Tl'^'^'*'"P°"l-Nov. 11 Str Vedamore, 3,600
To Havre-Nov. 3— Steamer Eitrlokdaie. 1,850
PHiLADBLPHiA-To Manchester -Oct. 3i-SCeamer Manchester
Corporation. 300
Tj Rotterdam -Oct. 29— Stteamer Euxinla! 267"'..'.
300
S.4^2
2 514
's29
3.500
1.850
.
Total
_
2OO
267
307,733
The particulars of the foregoing shipments for the week
arranged in our usual form, are as follows.
Great French Qer- ^Oth.M'rope— Mexico,
Bril'7^. port$. many. North. South,
dc. Japan. Total.
New York. 2,^08
1,476
N. Orleans. 41,176 6.644 21,701
Galveston. 65,925 24,100 8.687
MobUe
...
••*
Pensaoola.
Savannah
Wllm'Kt'n
16,902
Vp'tNews
"306
Boston
Baltimore.
5,968
3,500
Phli'delD'a
300
•
25
9|««lf
5,559 28.344
24,151
6,157
360 12,439
599 .....a
4.047
***•
5.325
9,878
•*
.....a
•••
•••«
\f,££o
••« •••
^IfldL
329
1,850
Total....lJ6.577 38,153 93.587
267
•
5,326
64.730
•
300
6.395
*•• ••••
*•• >>•• >•««
8,288 33,7i»9
The exports to Japan since Sept.
bales from Pacific ports.
10,165
8 2,310
99.311
1, 1904,
8i8
Of odd
dOf
307,733
have been
24,523
c
...
Nov.
.
^
the past week have been
New York
Cotton freights at
as follows.
lues.
Wednea
la-sis
18®15
Mon.
aatur.
Thurs
fi-i.
13915 13^16
Liverpool...
c
18^15
13«15
Manobester
«
131a
13J«
ISifl
ISifl
16
c
Havre
......c
Bremen
e.
Hamburg....
c
Antwerp
21*
21*
21*
21*
21*
16
21*
20
20
13
20
20
13
20
20
IS
20
20
13
20
20
13
20
20
13
Ghent, v.Antw'p.e
Beval, indirect., e
Beval> via Canal.c
Barcelona, Nov..
20^9
SOi«
20>fl
20i«
201s
26
38
26
28
— —
€feno»,Nov
26
28
20«25
I5018
e.
2219
THE CHRONICLE.
19, 1904.]
26
28
18 920
26
26
28
20f»25
28
18a>20
15
15«18
lE'a20 18^20
15
15
23
23
15
23
28
23
c
23
Trieste
Japan (via Bnez).e
* And 6 per cent.
QuotatlonB are cents per 100 lbs.
LiVBaiPOOL. By cable from Liverpool we have the following
•tatement of the week's sales, stocks, &c., at that port,
I
—
age is reported at about twenty per cent, the prospects are
considered promising for a large crop.
The European markets during the latter part of the week
showed considerable weakness, itfluenced largely by the
more favorable crop news from Argentina. The American
marke's also have been weaker, there being fairly free selling
during the latter part of the week, both to liquidate long
The advices from
contracts and for bearith interests.
the icterior reported only a limited demand from millers,
and dmicg the olosing days of the week the
movement of the crop in the Northwest was reLocally
the
spot
maiket has teen
full.
ported
dull Ind easier. To-day there was a weaker market early in
the day under tbe more favorable crop news from Argentina,
but toward the close, on complaints from the winter- wheat
belt of the continued dry weather being unfavorable for the
new crop, prices advanced. The spot market was quiet but
steady.
DAILY CLOSING PBIOESOF WHEAT FUTURES IH NBUT YORK..
fri.
Mon.
gat
rues.
Wed. Thurs.
123''8
12338 12158 12208 120\ 121
No. 2 red winter, f o. b.
120''8
118
12038 iiaifl 119i«
Deo. delivery In elev
.
May
28
Oct.
delivery In elev
Jaly delivery In elev
Nov. 11
yov.4.
bales.
40 000
46,00(
49,000
fOOOO
Of which exporters took. ..
Of which speoalators took.
2.000
1.000
l.COt
1,000
2,000
S3 000
2,000
75 000
40,000
40,000
9 000
67,000
367.000
3230li0
73 000
42.000
7,000
Bales of the
Bales
week
American
otnal export
.....
Forwarded
Total stock— Estimated
Of which American— Est'd.
Total ImDort of the week.....
Of which American
Amount
afloat
.
3C3000
261,000
128 000
115.000
£86 000
856 000
Of which American
.....
6.00(
90 00(
371,00(
324 OOC
164,O0C
156.000
60 000
449 000
399 000
384 OOC
339,001
lOVJ.OOO
452,000
405,000
194.000
172,000
417,000
370,000
The tone of the Liverpool market for spots and futures
each day of the week ending Nov. 18 and the daily closing
prioes of spot cotton, have been as follows.
Sat'day.
Monday. Tuesday. Wed'day. Thursd'y Friday.
12:30 p. H.^
Qnlet.
B'alr
Moderate Moderate
Moderate Moderate buslnesB
demand. demand.
demand demand.
doing.
Mid. Upl'dB.
6-42
5-40
5-44
5 44
5 40
5 34
6,000
8,000
7.000
8.000
500
500
8.000
1,000
7.000
300
500
500
Spot.
Market,
Sales
Spec.
I
& exp.
Futures.
Market
}
opened.
^
Market,
i p. H.
Steady
at
2 pts.
advance,
Qnletat Steady at Br'lygt'dy Steady at steady at
4 pts.
4 pts.
1&2 ptf. 6®? ptg.
1 pt.
decline.
decline.
decline.
decline. advance
Steady at Veryst'dy
{
1&2
\
advance,
pt*.
2a3
pts.
tidvsnoa
Firm at Steady ai Steady at Bagy at
6®7 pts. 406 pts. 4®6 pts.
4pta.
BdvHroe
decline.
decline.
of futures at Liverpool for each day are given
Prices are on the basis of Uplands, Good Ordinary
clause, unless otherwise stated.
Thns: S 33 Tiuans
I'Ae prices are given in pence and 100<A.
The prices
CW
S 33-lOOd.
Sat.
mon.
Toes.
"Wed.
Tbnrs.
Nov. 16
Nov. 16
Nov. 17.
1 124 4 121s
I213
P.M. P.M, P.M. P.M. P.M.
d.
d.
33 6 35 5
33 5 33 5
32 5 33 6
'>34 5 36 6
5 37 6 37 5
Feb.-Mch.
Mch.-Aprll. S38 5 38 5
5 40 5 40 5
Aprll-Uay
May- June.. "42 6 415
5 42 6 42 5
Jnne-inly.
5 40 5 42 5
Jnly-Ang
November
Nov.-Dee...
Deo.-Jan...
Jan.-Feb...
5
5
5
d.
d,
d,
84 5 37
32 5 38
33 5 36
36 6 37
37 5 39
38 5 40
40 5 42
41 5 44
42 5 44
42 5 44
5
5
5
5
5
6
5
5
5
5
FrI.
Nov. 18
4 121s 4 12% 4 121s
P.H P.M. P.M. P.M. P.M. P.M. P.M.
d.
38 6 41
3b 5 3f'
36 5S9
38 5 41
40 5 43
41 5 44
43 5 4f
45 5 4S
45 5 48
d,
d,
d.
36 5 35
37
5 39 5 38
5 41 5 40
5 42 5 41
5 42 5 41
45. 5 4S )42 5 41
5
3 38 5
5 31 5 80
6 33 5 32
5 34 5 S3
5 36 5
d
d.
5 37 5 36 5 32 5 31
5 34 6 33 5 SO 8 28
5 34 5 33 5 80 5 28
3.'.
5 37 6 36
5 37 6 37
5 37 6 87
115%
113%
103''8
IO314
10238
6 25
6
6
5
5
5
5
6
5
6
23
23
25
27
28
30
32
32
32
AnR.-Sept
8ept.-Oot...
BREADSTUFFS.
Feiday, Nov. 1 8, 1904.
A fairly large volume of business has been transacted in
the market for wheat flour. Owing to a decline in values
At
for the grain prices for wheat flDur have been lowered.
the reduced cost the local trade has been a good buyer, particularly of spring pat(ntp, several good-sized contracts belcg
closed. Spring bakerb' aleo have had a fair sale, and there
has been a moderate amount of trading in winter-wheat
floar.
Rye fl)nr has bf en sparingly offered and prices have
been firm. Eu kwheat flour has had a slightly better fale and
prices have advanced. Cornmeal has been in moderate demand and steady.
Speculation in wheat for future delivery has been on a limited scale only and prices have declined.
Early in the week
the interruption in telegraphic communication interfered
materially with business. The weekly figures of the world's
export movement of wheat to the European importing ports
showed that the sblpments, particularly from Russia, continued heavy, with tbe rpsult that there was a large increape
In the snpply of wheat fctt jat for Enrope. Crop news from
Argentina was more favorable, and as the increasa in acre-
II4I3
IOJI3
113ifl
1131s
1021s
1031s
DAECT 0LO8INO PRIOES OF WHEAT FUTURES IS OHIOAOO.
fri.
Thurs.
Tties.
Wed.
8at.
Mon.
11238 I'OSa 111
11439 llSSs HI
Deo. deUv. in elev.
Hiis
lllis
11338
I1212
114
May deUv. in elev
eSSs
9738
99ia
9ii^
97
98''e
July aeuv. in eiev
mk
Indian corn futures have received only a limited amount
been a gradual
speculative attention, and there has
sagging of pricep. The weather conditions in the West have
continued to be reported favorable for the crop, and during
the latter part of the week there was a fair increase in the
Owing, however, to the small exlstcrop movement.
disposition
old corn there was no
of
stocks
irg
to take an aggressive stand against the market, and the selling was scattered. Locally the spot market, owing to light
offerings, has ruled firm, and prices have advanced. To-day
ihe market was easier under an increasing movement of the
crop. The spot market was more active, there being moderate export sales for December shipment, including No. 2
of
mixed
at 58)^c.,
f. 0. b.
DAILY 0LO8IKG PRICES OF NO. 2 MIXED CORN IN NEW^ YORK.
Fn.
Wed. Thurs.
Tues.
Mon.
8at.
71
68is
711s
70
701a
701s
Cash corn f. o. b
59 Sg
Deo. delivery in elev
May delivery in elev
52 %
DAILY CLOSINO PRICES OF
Deo. delivery In elev
Mav delivery In elev.....
July delivery in elev
5958
5218
NO, 2
8at.
Mon
50''8
46%
46^
58%
59
5838
68
52
5214
Sl'^S
51iB
MIXED OOBN
51i8
decline.
below.
Nov. 12. Nov. 14.
licsg
IN
CHIOAOO.
Wed.
Tues.
8II4
461s
46^8
60
46
Fri.
Thurs.
50i«
49»9
45%
461s
45''8
45%
4638
bf
en
have
market
the Western
4&''8
45''8
Oats for future delivery at
and there has been a fractional decline in prices. Tne
cash demand has been reported as only very moderate. Still
stocks are not increasing to the extent expected, and this
tends to hold pressure from bearish interests in check. Locally there has been a moderately active and steady market.
To-day the market was quiet but steady.
DAILY CLOSING PBI0K8 OF OATS IN NB'W YORK.
quiet,
Mon. Tues. Wed. Thurs. Fri.
Sat.
Nom.
Nom.
Nom. 35
Nom.
37
Nom. Nom.
37
Nom,
DAILY 0LO8INO PRIOES OF N& 2 MIXED OATS IN CHICAGO.
Fri.
Thurs.
Wed.
Mon. Tues.
Sat.
No. 2 mixed in elev..
No. 2 white in elev
Nom. Nom.
Deo. delivery in elev
May delivery in elev
elev
July delivery
29ifl
m
3158
28'8
3138
31 %
Slifl
28%
28%
28 's
3II4
3138
3138
3158
28''8
3II4
311s
3II4
311s
Following are the closing quotations
FLOUR.
95
Patent, winter
Nominal.
City mills, patent- 6
Nominal.
4
Kyeflour.snperline
10
00
©4
$4
Buckwheat dour.. 2
4 25 '»4 70
Oom meal4 40 96 40
Wears
3
Western, etc
5 25 «5 75
Straights
3
Brandywlne
5 50 '96 96
Patent, spring
GRAIN.
Oom, per bnsh—
0.
0.
Wheat, per bush—
Western mixed
f.0.b.l24 58
N.DuL.No.l
No. 2 mixed
f.o.b.lieifi
N. Dul., No. 2
No. 2 yellow
Red winter, No. 2.. f.o.b.l21
No. 2 white
Hard winter, No. 2. f.o.b.ll9
Oats— Mixed, p. bush. 34i«935is Rye, per bnsh—
Western
36 9391s
White....
State and Jersey
Nominal.
No. 2 mixed
Barley-West
Nominal.
No. 2 white
Feeding
Flne....~.
Snperflne
Extra, No. 2
Extra, No. 1
96
96
96
92
©3
93
75
40
50
00
10
15
0.
15
90
00
25
15
25
o.
67is971
f.
o.
f.
o.
o.
f.
b.71
b.71i»
b.7l
84 987
Nominal.
53 963
40 944
Exports of Grain and Flour from Paclflc Ports.— The
exports of grain and flour from Pacific ports for the week
ending Nov. 17, as received by telegraph, have been as follows:
FVom San Francisco to United Kirgdom, 275,000 bushels
wheat and 160,000 bubhels barley; to China and Japan, 7,675
bbls. floor, and to various South Pacific ports, 4,704 bbls.
flour.
Combining these figures with those for previous weeks, we
have the following, which covers the exports to foreign
countries for the period since July 1, 1904, comparison being
made with the corresponding period of 19U3.
Mxports
Flour,
Wheat,
Oom,
Oats,
Barley,
from—
bbls.
b7ish.
369,069
816,010
271,919
964,611
704,661
564,780
hush.
38,800
8,361
bush.
1,191
1,590.513
San Fran.
PngetH'd.
Portland..
Total.... 1.165,J-98
Tot. 1903.1,307.966
2.223,922
2,469,467
47,151
14.793
b^ish.
76,992
24.0.50
8
219,606
78,191
164,350
1.834,169
5.769.620
Jtye,
bush.
422
846
768
707
:
'
THE
2220
CHKOxVICLE.
The aggregate exports from the Uuiud States of wheat
and wbeat-flonr expressed in bashels, for the four months
from July 1 to October 31, inclnsive, have been as follows
WHBAT BXP0RT8 FBOM
JIJLT 1 TO OCTOBBR 31.
1903.
1902.
1901.
21,3.58,829 .'jg.SVt.SSS 77,l5i>.752
^^°^-
,
Total bushels
Exports
15,864,759
op
27,453,366
29,d52 622
51,811,995
88,227, 160 108,095,503
28,935,751
Breadstuffs,
Provisions, CottoxV and
PETROL.Ea.M.— The exports of these articles during the month
of October, and the ten months, for the past three years
have been as follows:
1904.
Exports
rom
D. S.
October.
10
1908.
Months
Ottober.
10
1902.
Months
Quantities.
heat.bush.
1,219,471
10,982.198
7,69B,921
62,654,798
ur...bbls.
870,699
9,918,706
1.808,1 IJ'
16,.S32,887
Wheat.. ..bu
5,137.167
55,616.3rt6
October.
10
Month
8,557, l&O
30,898,921
7.694,317
92,615,287
22,9S»,tj92 212,260,316
20,668,091 184,387,643
6,0()8,64»
$
51,188.896
«
13.467,8a3
1,665,083
21.006,660
8,925,829
t
19,670.894 187,800,565
788,-41
6,014,060
t
Wh't& flour.
Corn & meal
Rye
Si.4tO
432,746
2,179,461
133,7P8
6ai,f98
706.986
51,966
477.792
8,537,412
2.624,051
1,416,76)
600,921
3,3(3.069
7,458,126
76.834.9t4
Oats & meal
Barley
Br'dstuffs....
Provisions*.
Cotton
Petrol'm.&c.
59,472
Woolen Goods,— There baa been more activity in the
woolen goods market during the past week than for some
time, and while prices continue firm, sellers are experiencing
no difficulty in obtaining the full prices asked. In fact buyers are showing a desire to purchase freely for
forward delivery, being afraid that if they delay they may have
to pay
still higher prices later on, even if the lines
that they may require are not withdrawn. Purchases made during the week
have included deliveries extending over a great part of next
year. Preparations are being pushed forward for the opening of the new heavy-weight season, but when this
will
actually be will depend to a great extent on the interest
manifested by clothiers. Prices will undoubtedly open from
73.^ to 10 per cent higher than last year, and the experience
of light-weiebt buyers will probably cause an
unusual
15,836,462 131.662,780 25,5C5.566 176,386.003
7,103,840 80,707,526
1,152,635
7,840,789
Tot.bush..
Values.
ever,
16,774,773 111,907,967
1,910,17^ 14,810,875
Corn... bush.
[Vol. Lxxix.
4-yard sheetings, which have been closely held at
6c. an a
minimum price. Bleached goods have been in oniv moderate
request and business has been confined for the most
pait to
goods that are required at once, although it is a
noticeable
fact that a few orders have been placed for delivery
durinK
the first month of next year. Daring the first week
of Ddc^^^ position of the prominent handlers of these goods
®™ii
i5
will be
made known and many are awaiting this before making their purchases. Caatoa fl mnels and cotton
blankets
have been moderately inquired for by export bay-rs
but
business has been unimportant. Kid-fiuished cambrics'have
been slow at recent figures. Colored goods have not
been
much in request, but stocks are low and the statistical position is therefore etrong.
Staple and fancy prints continue
to move unsatiofactorily.
Staple and fine grades of ginghams are rather firmer, but etill in poor demand. Print cloths
are somewht more active and wide goods of Southern
manufacture are firmer. Regulars are still quoted at 8c..
how-
for four years.
nru
» ...
Wheat,
bushels
l.772,5.-)0
Flour, reduc. to bU8h.l4,0J2,:i09
ww
©
'
18,896,439 161,386.646 91,869.094 152,374,567
16,338,788 157,645,086 17,800.2^9 l«4,ofl9,722 15.188.68y
185 427,718
62,310.298 259,325,386 60.265,90 287,9(14.900 42,133,141 80H,089,021
7,878,966 e&.9»e,443
6,766,878 56,408.269
6,381,867 55,163,114
_Tot. value.l 98.381. 1131658.801,849 ir3.217,428 .-80.859.4^^
85.S82.680 671.084.410
* Inoludlng oattle and hogs
in all months and years.
order business, to escape the posnibllity of further
advances after the first business nas been filled. Dress goods
*^°^® ^'^""* debased on the monthlyprellmlnarv have sold so well that many mills are fully booked up
,,»^.?7*^r'^'^i'£*^.?
uatil
*''*'^ ^**^'^*'°®"^°* °^^^
well into next spring, and are now taking orders for delivery
ofthe totl° eiSort.®
during April, Worsteds have been exceptionally well purtWFor other tables usually slvea here see pane '^184.
chased, Cloakings are in good demand with friezes still the
most popular lines. Blankets continue unchanged, and it is
generally expected that the openings will take place during
the first two weeks of Ddcember.
New York, Friday, P. M. November 18. 1904.
Within the past two or three days there have been some
Foreign Dry Goods.— Imported woolen and worsted
indications of a coming revival of activity in the
good demand at full prices, and the
cotton drees goods have been
goods market, but similar movements in the past have been situation is satisfactory to nearly all concerned. Silks conso short lived that there are few bold enough at the present
tinue firm with the demand fairly active. Ribbons
are
time to say that this one will be of a more permanent quiet and unchanged. Linens are firm with rather more
character. All that can be said is that both jobbers
and doing, and burlaps are quite active and higher on reduced
converters have evinced a desire to operate somewhat more jute-crop estimates.
freely, both for goods that they at present require
and also importations and W&relkonMe Tritbdrawals of Dry Goods
for future dehveey. Prices have held remarkably firm,
and
The Importations and warehouse withdrawals of dry goods
certain instances some slight advances have been scored,
but these have hardly been sufficient to change actual quota- at this port for the week ending Nov. 17, 1904, and since
January 1, 1904, and for the corresponding periods of last
probable that the unsuccessful at temut to induce
year are as follows:
^^ i}^
the a all
River operatives to return to work has had more to
the change of sentiment than anything else,
H
S
uv.'^'^T^
although
the firmness of the raw material market, in view
to
o to
—
Q,ct
of the efforts of leading bear operators to depress
prices, and
la
o
O
nie certainty of a large crop has also aided the
a
»;
a
movement.
|i
f^i I
B ^4 o,
a
±Juyersare evidently now of the opinion that they have
a
2:
S
*:
1:
*
nothing to hope for in the way of renewed manufacturing
o
a',
a:
initial
THE DRY GOODS TRADE.
m
m
lu^
4
:
;
:
;
',
i
>
m
activity for some time, and sellers are convinced
that witb
an Increase of business prices must advance. On near-by
deliveries where stocks are considerably depleted,
little difficulty has been experienced in obtaining the full
i
:
,
*
*
a
(=:
B:
packages, valued at |194,127, their destination being to
the
points specified in the tables below
CO
!
1904.
Great Britain
Other European
China
India
Arabia
Afrlea
West Indies
Mexloo
Central Amerloa
Soath Amerloa
Other Countries
Total
Since Jan.
17
1,248
82
758
74,199
287
609
201
365
6,849
17.639
8,890
18,413
2,196
12,849
1,122
49,5(53
2t>6
18,182
""3
2,902
210,786
B."
I
to
05
;
I
M
I
I
QOU*
'.
•«
I
'—
i^aowo>4
Qoj^
—(J<
«)wwiB.ao
QO
—
I
M
a<
i-i ,-i
bo
ODO 00 a
\*V
to"
O^'WOl^
ODWQCPM
« ."8
1^
'•
**"]
CM
a,
'
to
tow
I^O
ptp
«
CO
i
o>_ata 19
»to
0)-J
ODO
to
I^W
—
05 00
'cn
tJCOplOOtO
CO
oaWoVjM
ODOOObO
OS©
OOO
f-00
00-4
Ota
WCn«4 — 0>
MtOJ^OlM
1^.
!
Tj
cx^jotooD
a
»jc a«e 5-
j^.*-"
I
a
OS-
O'^^'Oito
00
I
Oa
"J«
^5 31
'
1903.
14.
Week.
e* -«
:
M h*
» MW
«
05 I-
00
Nbw Tobk to Nov.
t
•
COM
:
'.
V
.
to
:
?
s»»
B^
Id
:
2
o.
<o.
Is
:
:
asked prices.
Woolen goods have again shown great activity during the
week and prices still tend upwards.
Domestic Cotton Woods.— The exports of cotton goods
from this tort for the week ending Nov. 14 were 2 903
'
'.
.
:
1.
Week.
25
11
397
42
132
561
128
1,308
Since Jan.
#>'tO
wa
eoH'
at
I
X.
1,574
1,149
114,943
12,673
37,484
8,962
24,425
2,«21
10.604
53.824
9,115
277,374
00
O
w<o
toweo
ODtS
to
to^
WW -q to
<>
O ©"Voow
MOO
o OS
cooo
-•tOOCDll^
to
M Vim no
to<s
00
;
j
I
00
to
I
tOl->
—
aoaiu<M>4
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^^^ \°^^ exports since Jan. 1 has been
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$12,717,403 in°Unf^®
1904, against $12,677 768 In 1908.
There has been a decidedly more active demand for heavy
brown drills and sheetings, and both j jbbers and converters
have placed orders more freely. Some of these have
comprised goods for delivery during January, which is
further
ahead than they have been willing to operate for some
time
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that have
become scarce through the recent export d^-mand. Lightweight goods have been in fair demand a- unchanged
prices
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any extent, although
some 8-50-yard sheetings have been sold to the Red
Sea at
satisfactory prices.
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—
:
Nov.
:
THE CHRONICLE.
19, 1904.]
2221
A
issue the bonds.
decision from the Supreme Court is
looked for at tue December term.
Cleveland— fcHenville- South Brooliljii, Ohio.— Annexation Voted.— At the general election November 8 the question of annexing the city of Glenville and the village of
South Bro( klyn to the city of Cleveland carried. The vote
in Cleveland on the Glenville annexation was 46,880 to 6,938
and on the South Brooklyn annexation 41,250 to 6,845.
glxje ®Ixr0nxjcIje»
PUBIISHBD WEEKLY.
Terms
BVir
ot Subscription
One Year, Including
all
— Payable In Adyance
Denver, Colo.— Svpreme Court Decisions.— The State Supreme
Court on November 7 banded down decisions hold$10 00
Supplkmbntb
rorStz Months
gniopean Snbeortption (including postage)
Knropean Subscription Six Montns (Inoluding postage)
6 00
13 00
750
The Railway and Industrial Section, issued quar >rly, is furnlslied
vnthoul extra charge to every annual subscriber of the v. immercial and
BtoANOiAL Chronicle.
Tht State and Citt Section, Issued semi-annually, is also furnished
without extra 'hargt to every subscriber of the Chronicle.
TTie Street Railway Section, Issued three times a year, is likewise
famished without extra charge to every subscriber of the Chronicle.
The Bank and Quotation Section, Issued monthly, is also furalshed
voithoui extra charge to every subscriber of the Chronicle.
Terms
of
Adrertising—(Per Inch Space).
ing that the Capitol Hill sewer, the Fourteenth Street viaduct, the Broadway storm sewer and the Eighth Avenue
paving bonds were a charge upon the property owners, payable by assessments. The Court reverses the decisions of the
District Court and remands the cases back to the lower
Court, with instructions to enter judgment for the city. The
plaintiff in each case was a property owner who sought to
prevent the city from colk cting the aesessments. The main
question at iesue, according to the local papers, was whetheir
or not the improvement was a local one pa able by aesessmeuts or, as contended by the plaintiffs, a general improvement for which the city as a whole should pay. One of the
conclusions of the Supreme Court (on the viaduct euit) fol-
lows
The law has designated the city anthorlties as the proper body to
determine what property was and what was not specially berelited
by the conttrnotlon of ihe vladnot: clothed them vlth a disr^retion in
tiie mattej; anihortzed them to acl.npon 'heir own judgmeDt. and not
upon the judgment ol soae one eke. It must be presumed that their
action was legal and regalar.
See V. 79, p 225.
Lducaster County, Neb.— Bond* Valid.— We are advised
by the County Treasurer that the Supreme Court has upheld
:
Transient matter (each time) $4 20
8TANDINO business CARDS.
Two Months
(8 times)
Three Months (13 times)
. .
.$29 00
Six Months
$22 00 Twelve
(26 times)... 50
Months (52 times) ... 87
00
00
TTILLIAM B. DANA OOIUPANY. .Publlsliers,
Pine
Street, corner of Pearl Street,
POST OFPIOB Box 958.
NEl!r
YORK.
Index.
An index to all the news matter appearing in this Department for the period from Jaly 2, 1904, to Oct. 8, 1804, inclusive, was publish'^^d in the Chronicle
pages 1664, 1665, 1666 and 1667.
of Oct. 15, 1904.
IMews Items.
the validity of the $100,000 5}4<i Midland Pacific Railway
bonds which matured Jan. 1, 1903. The refunding of these
bonds has been prevented by litigation, suit having been
brought on the ground that the old issue was illegal. The
Board will now proceed to arrange for refunding the old securities.
New York State.— .FrancMse !r< 0768.— The State Board of
Tax Commissioners on Nov. 16 announced the special franchise valuations by counties for the current year.
For 1904
Japan.— iVeta Loan 0#ered— Messrs, Kuhn. Loeb & Co., the total, as given out by the Commieeioners, is 13^2 689.757,
as against $284,798,592 for the year 1903, Greater New York
the National City Bank and the National Bank of Com
merce this week offered at 88 and interest the £6,000,000 Im- City furnishes by far the greater portion of these totals, having no kss than $251,521,450 of such values in 1904 and $235,perial Japanese Government six per cent sterling loan, second
184,825 in 1903,
series, this being the American allotment ,or one-half of the
Philadelphia.— Bids /or P. & E. RR. Stock.— The followIt was announced on Friday that the loan had
total issue.
ing bids were receiveii November 15 for the 45,000 sharps of
and
the
subscription
over-subscribed
list
closed.
been
NoPhiladelphia & Erie BR. stock, owned by the sinking fund
tice was also given by Kuhn, Loeb & Co. yesterday to the
holders of their temporary certificates issued for these bonds
that the securities will be ready for delivery at the oflfice of
that firm on and after November 23 upon presentation and
eurrerder of the temporary certificates. The bonds are payable Oct. 5, 1911, in this city, at the fixed rate of exchauge of
|4 87 per pound sterling. After April 5, 1907, the Japanese
Government has the option to redeem all or any part of the
loan on giving six months' notice. As stated last week, this
loan is a lien upon the Customs receipts of the Japanese Government, subject only to the charge upon the previous loan
of £10,000,000.
The Customs receipts of Japan for the last
year were, it is stated, about $8,600,000, while the interest on the present and the previous loan amounts to
revised and increased tariff has come into
$8,428,400.
operation since the laet fiscal year, which will further largely
angment the Customs receipts.
fiscal
of the city
& Co., Philadelphia, for all or none at JE863 per share
$2,688,350
Girnrd Trust Co. and the Fidelity Trust Co. for all or none at |67 50
Drexel
pershare
2,587,E00
Fox & Sons for all or none at $57 60 per share
5!,587 600
On Nov. 17 the Sinking Fund Commissioners awarded the
stock to Drexel
Co. The par value of the stock is $50. This
stock sold recently on the Philadelphia Stock Exchange at
$66 and $67 per share, but sales were made on Thursday of
this week at from $64 to $643^ per share.
Geo
S.
&
Texas. Constitutional .Amendments —Unoffici»l returns
seem to indicate that all three amendments to the State Constitution voted on at the recent eltctton carried. One of
amendments permits legislation in aid of Internal improvements, another relates to the payment of pensions to
Confederate soldiers, while a third amends Section '6 of Art.
16 of the State Constitution relating to the incorporation of
Euhn, Loeb & Co. announce that they have received the State banks. The internal improvement amendment was
assurance of the Japarese Goveroment's Commissioner that given in full on pages 641 and 642 rf the Chroniolb Aug. 6,
the proceeds of the loan need not be remitted to London, but 1904, while that relating to banks will be found in the same
'« Bank
Items" on page 605.
will remain on deposit in New York, subject to the require- issue among the
Tttpeka, K&n.— Resolution to Purchai-e Water Plant. The
ments of the Japanese Government.
Further details of the offering, together with the terms of City Council on November 7 reconsidered its action of Octosubscription and payment for the bonds, will be found in ber 18 in defeating the resolution to tabe over the plant of
the Topeka Water Co,, and unanimously passed a measure
the advertisement published on page xiv.
AppUtoD, y9\^_— Temporary Injunction.— The Appleton to the effect that the Mayor and Council should proceed at
Water Works Co., it is stated, has obtained a temporary in- once to consummate the purchase of the plant on the terms
junction restraining the city from issuing the |300,C00 bonds and conditions contained in the propositions passed upon by
voted at the election July 19, 1904, to construct a water ihe people at the election held in April, 1903. See V. 79, p.
1978.
plant.
It is contended that the sale of these bonds would
make the city's debt exceed the limit prescribed by law.
Chicago, l\\,—New Charter Amendment Carries.— AccordCalls
ing to returns published in local papers the amendment to
Colorado,— VFarranJ CaZ/.— Hon.? Whitney Newton, State
Article 4 of the State Constitution, adding thereto a new sec
tlon (Section 34), carried at the recent election. This amend- Treasurer, calls for payment thirty days from the date of
ment, as outlined on page 2138 of our State and City Section notice (November 10) the following warrants
for May, 1904, permits the Legislature to form a new charhtr
Revenue warrant of 1808, No. 38P6ft.
Revenue warrants of 18»7, Nos, 3889 to 3803, Inclusive.
for the local government of the city of Chicago; authorizes
Kevenue warrants of liluS. Nos. 407S to 414B, Inclusive.
Uevceiue warrants of 1904, Nos. 1692 to 1806, Inclualvo.
the consolidation in the municipal government of the powers
now vested in the city, board of education, township, park,
Ellis Co only (P. 0. naxt.h»-ch»e). leias.— JJonds to he
and other local governments (V. 77, p. 989). The amendment Reaeemed.—The Commissioners' Court on November 7 Inalso limits to 5^ of the full value ot the taxable property the structed the County Treasurer to pay off $60,000 conrt-boupe
indebtedness of the city, including the exisiing debt, the bonds now outstanding. These bonds, it is stated, are held
debt of all municipal corporations lying wholly in the city, by the State Permanent School Fund.
and also the city's p'oportion of the debt of the county and
Oxford, N. C.-i*ond Call.—W. A. Devln, Mayor, calls for
sanitary district. New bond issues under the amendment payment, Dae. 1, at the First National Bank or the Bfink of
mutt be submitted to the voters for approval.
Granville, in Oxford, $40,000 6« Oxford & ClarksviUe RailChicago (111.), Weal Park.— &ui«
i^upnme Court.— We roHd bonds due Jan. 1, 1918. but now enVjfct to call.
are intotmefi that ihe eui- hrougbt by Phiio F. Pettibone to
Park Connty (P. 0. Livingston), HL-nX.—Bond Call.—
jrevent the issuance of $1,000,000 small-park bonds by the Cfunty Treaeur*»r Harry Mclue calls for payment at the
Wf et Chicago Park Commissioners is now in the Supreme Chase N»tional Bank or at the Nptional Park liank, both of
Court, the tower Court having decided in favor of the con- New York City, or at his office in Livingston, any time after
stitutionality of the law under which it was proposed to Deo. 10, 19U4, all outstanding 1^ bonds of Park County, series
these
A
—
Bond
and Redemptions.
:
m
'
—
:
:
:
—
1
THE CHRONICLE.
of 1688, Dumbtred from 66 to 66 and from 08 to 70, incloBlve.
Interest will ceaf e on heee boi de after Jan. 1. 1905.
Fipkln Coniity, Colo.— Bond CaH.— W. H. M'Nicholp,
County Trtaeurer, calls for payment December 12 at hia
cfflce In Appen, the following judgment bonds
Perlps "A"— Kos. 4 to 8 of |i. 000 ouch, dated Jane 20, 18P0.
i
:
Scries "C"— No8. 1 and s of $l«Oeacb. dated June SO, ISitO.
Ser'es "A"— Nos. le and 17 of |I,"ij0 euch, dated Aou. 7. 1H90.
Series " A"— Nms v8 to 77. ln< luslve; 7», lOl to 106, Inclusive; 1S2. 184. 161, 163,
164 and idis each for tl.OOO, dated Aurll 26, 18ta.
Series ••A"-No8. 84. ^6. HO. m7, M) and 91 of $1,000 each, dated June 8. 18«1.
Series "b"— No. 16 for |6(tu, daiad Aur. 27. IfcOO.
Series "B^'-No. 16 for »t0J. dated June 2, 1880.
1e\m.— Warrant Call.— The State Treasurer on Nov. 9
calltd for payment all unpaid rpRistered wariante on the general rt venue fund up to No. 8879, the amount so called being
$81,408.
[Vol. Lxxii.
RR. Grade Crcising Sinking Fund and $50,0i.0 to
Avenue Sewer Sinking Fund as an investment.
Cascade CooLty (P. 0. fclreat Falls), Mont.— Bo/wi Sale.—
to the Erie
the Bailey
On Nov.
14 the $10,000 ii 10-20-year (optional) coupon bonds
described in V. 79, p. 1490, were awarded to the Royal Trost
Co. of Chicago at par and interest. Following are the bids
:
P«r
Royal Trust Co.. Chlcajjo
M. W. Ualsey & Co. (iesi $150
Par
commlSBlon)
Jose, Parker
I
&
Co.
(less
commltslon)
$196
P«r
I
Cneiokee County, lu^a.— Bonds Defeated,— Th\s county
on November 8 voted against a proposition to issue
|2(J,000
51 jail bonds.
Chei^iot, Ohio.— Btds.-The following bide were received
on Nov. 14 for the four issues of 5% bonds, aggregating $14,350, described in V. 79, p. 1729
Premium,
Premium.
SeasoDfrood & M yer. Cincln. .$1,675 00 Weil. Roth 4 Co.. Clnclntatl.$l,«4»00
A. Kle»bolie& o.. Cincin ... 1.65526 Western German Bli.. Cin. .. 1.076 »
BriKbtonOerr m BanJc, Cin.. I,6t4 25| DeniBOQ. Prior & Co.. Clerel,f;4l 60
9O0O0
.and and Boston
IT.-V. Sav Bk & Tr. Co.,Cin
1
1
Bond Proposals and Negotiations
week have been
this
.
&
Cent. Tr.
We
as follows
Safe Dep. Co., Cin. 1,542 63
I
are advised that these securities have not yet been
awarded.
Adair County, Mo.— Bonds Defeased.— The people of this
Clearwater County, Minn.— Bonds Defeated.— The vote
county defeated a proposition to issue |30,OCO jail bonds at on November 8 on the question of issuing $15,C03 court-house
the election November 8.
bonds was 320 for the issue and 530 against,
Akron, Ohio.- Bond Sale.— On November 11 the three
Clebarne, Texas.— Bonds Keflia^ered.— The $25,003 5jJ
aggrfgating
street-improvement
bonds,
issues ot 5%
|68.050, 10-40-year (optioni 1) public- improvement bonds described in
described m V. 79, p. 1728, were awarded to Rudolpb Kley- V. 79, p. 1,853 were registered by the State Comptroller on
&
bolte
bids
Cc. of Cincinnati for $59,327 10.
R. Kleybolte
i4easontfOOd
&
&
Denlson, Prior & Co., Cleveland and Boston
$50,22850
58,925 CO
A: Co.. Cincin
Co., Cincln. . .$59,327 10
Marer.Ctnoln. 69.^5126
W.J. Hayes* Sons. Cleve...
Following are the
Weil. Roth
£9.127 00
Amarillo, Je\.— Bonds to be Offered Shortly.— We are advised by Ban J. Brown, City Secretary, that this city will
have on ihe market about Dec. 1, 1904, an issue of 145,000 Ai
5-40 year (optional) sewer bonds. Interest, annually on Ddcember 1. Present bonded debt, $18,500; sinking fund, about
Assessed valuation 1904, $1,823,128. Parties so de$5,000.
siring may submit proposals for these bonds at any time to
the City Secretary.
Amite Connty, Jttlss.— Bond Sale,— Oa November 7 the
$16, COO 5^ 5 20-year (optional) court-house and jail bonds
mentioned in V. 79. p. 1978, were awarded to the PiKe County
Bank
of
McCcmb
City.
onnty, Md.—Bond Sale.— Oa Nov. 15 the
$20,000 "Severn River Bridge repair" bonds described in V.
Co. of Baltimore
79, p. 2164, were awarded to BTambleton
at 110 961 and interest for 4 per cents. Following are the
Anue Arondel
<
&
bids:
Hambleton &
B. Kleybolte
«.
W.
Harris
Co., Baltlmore.$i:0,ie2 20
20.112 00
20,106 40
& Co., N. Y
& Co., N. T
I
Union Sav. Bk.A Tr. Co., Cin.120,061 00
Baker, Watts & Co., Bait
20,000 00
1
Arthur, Oat.— Debenture O^trtngi.- Proposals will be
November
re-
26 by Jos. Driscoll, Village Clerk, for
$3,032 14 i% debentures, maturing part yearly for twenty
years. Accrued interest from Dec. 31, 1903, is to be paid by
purchaser.
Bay Connty, Mich.— Bond« Defeated,— This county voted
against the proposition to issue $150,000 court-house bonds
at the election November 8
Bellerae, Pa —Bonds Fofed.— This borough, it is stated,
has voted to issue $80,000 improvement bonds.
Beilevae (Ky.) School D at rict.— Bonds Fofed.— The election November 8 resulted in a vote of 365 to 185 being cast
in favor of the proposition to issue $40,t00 i% high- schoolbuilding bonds. Foil details of this issue and date of sale
are yet to be determined.
BennettSTllle, S.
Bonds Foted.— This town has voted
to issue $4,000 additional electrio-light-plant bonds.
are
advised that the Town Council has not yet taken any action
on the question of issaing these securities.
Bloonidale (Okio) Special School DiBtrict.— Bonds Voted.
At the recent general election the proposition to iseue
I12C0 school improvement (heating apparatus) bonds carried by a vote of 108 to 86. No details have as yet been determined upon.
Buone Coonty, Ind.— Bond Sate.—
are advised that
this county sold on October 18 $6,000 Q% gravel-road br nds to
the Clinton County Bank, Frankfort, at 97. Date. October
10,1904. Interest, semi-annual.
Bacyrns, Ohio.— Bond Sale.- On Nov. 5 the $15,000 5* firepartment bonds described in V. 79, p. 3 659, were awarded to
P. S. Briggs
Co. of Cincinnati for $16,052.
Buffalo, N. Y. Bonds Authorized and Sold.— The Board
of Aldermen on November 7 authorized the issuance of $56,000 'd% bonds for various purposes. Date of issue, Nov, 1,
1904.
Maturity, July 1, 19C6, By ordinance this issue is
awarded to the Western New York
Pennsylvania RR,
Grade Crossing Sinking Fund as an investment.
Bond Isbue.-The issuance of $10,108 23 di Department of
Public Works bonds dated Nov. 1, 1904, and maturing Nov.
The bonds are to be taken at
1, 1905, has been authorized.
par by the Park Bond Redemption Fund as an investment.
Bond tale. The ordinance authorizing the issuance of the
$100,000 83^^ Clark
Skinner Canal nuisance-abatement
bonds, mentioned in last week's Chronicle, has been rescinded and a new ordinance passed authorizing the same
amount of bonds but with a sligdt change in the description.
The bonds as now provided for will carry S%i Interest, piyable May 1 and November 1 at the office ot the City Comptroller or at the Gallatin National Bank of New York City.
Maturity, $5,000 yearly on November 1 from 1905 to 1924, inclusive.
Dnder the ordinance the horde are awarded $50,000
ceived until
I
C—
We
—
We
&
&
—
&
November
7.
Clerelacid, Ohio.— Bonds Defeated.— The proposition to
issue $500,000 sewer bonds failed to carry at the election November 8, not receiving the necessary two-thirds vote. The
returns were 25,512 for the issue and 14,050 against.
Clyde, Ohio.— BoTid O^ering.— Proposals will be received
until 12 M., December 5, by the Corporation Clerk, for $8,400
43^? water- works improvement tosds. Denomination, $500,
except one bond for $400. Date O^t. 1, 1904. Interest, stmiannually at the Chase National Bank of New York City.
Maturity, one bond yearly on October 1 from 1915 to 1931, inclusive.
All bids must be unconcitional and must be accompanied by a certified check for $6C0. Accrued interest to be
paid by purchasers.
Colcmbas, Gta.— Bonds Authorized.—The City Council has
passed an ordinance authorizing $44,500 ii 30-year coupon
bonds to refund securities maturing on January 1 of the
years 1905, 1906, 1907 and 1908. The new bonds are to be
issued in exchange for the old securities.
Colaniha?, Ohio.— Bond Ordinari ce.— An ordinance was
introduced in the City Council on Nov. 14 providing for the
issuance (if the $1,200,000 4% filtration bonds voted at the recent election. The ordinance as presented provides for
bonds to be dated March 1, 1905, and to mature in forty
years, subject to call after 15 years. Interest, semi annual.
Coon Rapid?, Iowa.— Bonds Voted. This town has voted
are adto Issue $3,500 water-works-extension bonds.
vised that nothing will be done by the Council looking
towards the issuaDca of these securities before spring.
Corsieana, Texas.— Bond Election Not Held.— The proposed election November 8 on the proposition to issue water
bonds was not held, for the reason that the City Council decided to defer the matter for the time being.
COTiugtOD, Ky. Bonds Defeated,— The %50, 000 aewer bonds
did not meet with approval at the recent election. The vote
was 2,776 for to 1,600 against two-thirds being necessary to
authorize,
—
We
—
Covington (Ky.) School District.- Bonds Defeated.— On
8 the proposition to issue $75,000 school bonds
November
failed to carry.
Ohio.— Bonds Voted,— By a vote of 855 to 38,
on Nov. 8 authorized the istuancei of the $75,C00
water works bonds mentioned in V. 79, p. 1680.
Dallas County, Tex.— Bond Prcpositioii Carries.— The
proposition to increase the rate ot interest on the $500,000
road bonds from S% to 4% carried at the recent election. The
bonds were originally authorized over a year ago to carry i%
interest, but no i-urchasers could be found to take the same
Crestline,
this city
Day ton, Ohio.— Bond Saie.— On November 12 the $25,000
Wyoming Stref t paving loads described in V. 79. p. 1680,
were awarded to Jackson & Curtis of Boston at 107 •7tt. Fol6%
lowing are ihe bids:
Jackoon & Curtis. Boston
$26,940 CO Farson. Leach
Co.. Chlc .$26,715 00
Third Nat. Bank,
Dayton
i6.»00 00 •^easonKOod & Mayer, Cincin. 26.('6H60
Parkinson & Burr. Boston, 26,^8^ 50 Union Sav. B'k & Tr. Co
in. 26.631 CO
W.J Haves * Sons. (UeTe,. 2H.814 00 Third Nat. Bank. Cinclnnatt. 26.626 00
26,800 00 Hec. Sav Bk.4 Tr.Co.. Toledo. 26.682 50
A. Kleybolte A Co., Cincin.
Blake Bros. & Co.. Boston... 20.792 60 W. K.Todd » Co., Clnciu.... i(6.3i;5 00
Dayion Sav. Bank & Tr. Co..
Atlas Nat. Bank. Cincinnati.. 2P.3 6 CO
—
St.
I
.
.
-
.<
j
<
I
Dayion
Teutonia Nat. Bk., Daytcn..
26.789 60
00
2e.7«Jl
Uenisou, Prior A Co.. Cleveland and Boston
26,717
Weil. Roth
Prov. Sav.
'tb
a Co., Cincinnati.
BkATr.Co., (in
Pariona
Cleveland
Fuller.
&
a«,8ia f
26.226 00
Snyder,
26.169 60
District, Lawrence Connty, S. Dak.—
11 the 85,000 5% high-school bonds described in V. 19, p. 2108, were awarded to the Union Savings
Tiust Co., Cincinnati, at 104 and interest. FollowBank
ing ate the bids
Dnlon Sav. Bk. & Tr.Co.. Cln»$36.4C0 00 Well, Roth 4 Co., Cincin.... •$35,660 00
Deadwood School
Bond Sale.-Oa Nov.
!;
&
A. Kleybolte 4 Co., Cincin... a6,400 00
Ueuison. Prior 3t Co., Cleve•3'<.10n00
land and Boston
J. M. Holmes & Co., Chicago. SS,700 00
•
And
A
Cbas. H. CofBn. Chicago
36.36100
f^easuunood x Mayer, in... .*86.113 06
John Nnveen 4 Co.. Chlcago.'Sft.lOO 00
i
8.A. Kean.ChicaKO
Interest.
&
3B.0S600
Co. of CleveDiQ was also received from F. L. Fuller
land, but as it came too late it was unopened.
Deflunce, Ohio.— Pond Q^eringr.— Proposals will be received until 1 p. M December 12, by
W. Heerdeg»-n, City
Auditor, for $9,000 4}4% coupon refunding bonds. Denomi,
K
—
Nov.
— —
:
:
:
THE CHRONICLE.
19, 1904.]
Datlon, $1 OOO. Date, Sept. 1, 1004. Interest, semf-annnally,
Matnrlty,
at the First National Bank, New York City.
$2,000 yearly on Sept. 1, from 1916 to 1918, inclneive, ard
$1,000 Sept. 1, 1919. Either cash or certitied check on a Defiance bank for 2% of bid required. Accrned interest to be
paid by purchasar. Blank bonds to be furnished by successful bidder.
Delaware, Ohio.—Bond Sale.— Oa Nov. 14 the |f>,100 5%
West William btreet-aesessmen^ bonds described in V. 79. p.
1739, were awarded to S. Kuhn & Sons, Cincinnati, at 10550
and interest.
Dorraoceton (Borough), Pa.—Bonds Voted, —Th\B b rough on November 8 voted to put out an issue of $20,000
paving bonds. These bonds, we are advised, will probably
not be offered before next summer and then for only onehalf the amount voted.
Bust St. Loais, III.- Bond Sale.— Th\a city has sold |43,100 f)% special improvement bonds to a local bank.
Edmonton, Al: a..— Debenture Sale. It is reported in Canadian papers that this city has sold to the Dominion Securities
—
Corporation, Ltd., of Toronto, $150,000 A^% debentures. Of
the amount awarded $95,000 will mature part yearly on January 1 from 1905 to 1944, inclusive, and $55,000 part yearly
from 1905 to 19 .'4, inclu'^ive.
Elbert* n, Ha.—Boncig Voted.— At the election held November 10 he |20,00(J 4J^^ 20-year sewer bonds were authorized by a vote of 234 to 8,
Date of sale not yet determined.
I
—
Essex Cuunt;, Maes. Bonds Again Awarded. On Nothis county again awarded to Blodget, Merrit &
Co. of Boston the $50,000 i% 1-10-year (serial) notes
originally awarded to that firm on O ;tober 31. The details
of the bonds are the same as given in V. 79, p. 1979, and the
issue was re-advertised only for the purpose of corretsting a
technical error discovered by the attorney for the Boston
vember 15
2223
0. Clucinnati), Ohio. -Bond Offertil Vi M. D cemher 10, by
the Connty Commissioners— C. C. Richardson, President,
and (ieo. C. Zimmerman, Ciejk— for $150,000 it refunding
bonds. D-nomination, $500. Date, D^c. 16.1904. Interest
semi-annually at the c ffice of the Connty Treasorar. Maturity, 10 ypars.
Certified check for $500, payable to the Treasurer of Ham'lton County, required.
Bonds Voted and Defe (fed.— According to local returns the
proposition to issue $225,000 toll road purchase bonds cnrried
at the recent election, while the one to issue $310,000 Oakley
Hamilton County (P.
ing,— Pro^pos&la will be received ui
Ground purchase bonds failed.
Hamlio County, S. Dak.— Bonds Defeated. —By a vote
Fair
of
499 in favor of to 1,068 against, this county reoeritly defeated
a proposed issue of §20,000 court- hous'^ bonds.
Havre de Grace, Md.— Bond O^ering. -The Mayor and
City Council will receive proposals until 12 m December 1,
for the $20,000 555 10-30-year coupon sewer boude mentioned
in last week's Chronicle Denomination. $50n. Date, Dec. 1,
laterest, semi-!*nnually at the Citiz-ne 'National Bank
1904.
of Havre de Grace. Certified check for 5* of the amount bid
requirt-d.
Bonded debt at present, $35,000, Assessed valuation, $1,421,032.
J. Fred. Mattingly is City Clerk
Henderson Connty, Ky.— iVo Bond Election Hdd.-We
are icformed that the report in some of the papers that a
vote was to have been taken on November 8 on a proposition
to issue $2ii0,000 road bonds is not correct.
HickSTiile, N. Y.-B mds Fofed.- This village, it is stated,
has voted to issue $6,li00 fire-house bonds,
Hinds Connty (P. 0. Jackson), Miss.— Bonds Aufhorized.
—The Board of Sopervigore has voted to redeem $48,00J Q%
bonds issued in June, 1899, paying $3,000 of the same out of
the sinking fund and issuing $40,000 new 83^1 bonds to provide for the remainder.
,
(Texas) Independent School Dtstrict.— Bonds
and Sold.— Oa November 12 $8,000 5$ 5 40 year
bonds of this district were registered by the State
Comptroller. These securities have been sold to the State
Board of Education at par and Interest, Bonds are dated Nov.
Hoitdo
firm.
falmonlh,
Kj.— Bond
Offering —PropoBals will be reE. Wilson, City Clerk,
for $2,500 5% water-works-improvement bonds. DenominaMaturity, $500 yearly from 1908 to 1912, inclution, $5(i0.
Authority, vo e of 208 for to 28 against at the election
sive.
held on the 8rh of November,
Fiudlay, {)bit,— Bonds Authorized.—The issuance of
$6,000 b% Franklin Avenue improvement bonds has been
authorized. D-nominatton, $500. Date, March 1, 1905, Interest semi-annually at office of City Treasurer.
Maturity,
$500 yearly on March 1 frsm 1908 to 1913, inolnaiva. and
$1 000 on March 1, 1914, and also March 1, 1915.
Firchbnrjf, Mass.— Bond Sale.—
are advised that the
$18,000 H'gb Street Grammar School repair bonds mentioned in V. 79, p. 1979, have been sold to Parkinson
Burr
of Boston at 100188. These bonds are dated June 1, 1904,
and carry interest at the rate of Ql^i%, payable May 1 and
Nov. 1. Maturity, $1,3C0 yearly on June 1 from 1905 to
They are registered in form. The same firm
1914, inclusive.
has also purchased at 100275 $51,000 d^<i 1-10-year (serial)
registered bonds, dated Nov, 1, 1904. These bonds are issued
$25,000 for street construction, $7,500 for eewers, $=),000 for
sidewalks $6,600 for paviog and $7,000 tor O^k Hill Road
Bridge. Interest, semi-annual.
Flemini; County (P. 0. Fiemingsbnrg), Ky.— Bonds Defeased.— The proposilion to issue $50,000 court-house bonds
met with dtfeat at the recent election, the vote being 190 for
and 2,900 against.
Ford City, Armstrong Connty, Pa.—Bond Sate-Lawrence
Barnum
Co. of New York City have purchased at private
sale $35,( 00 i% coupon water-works bonds.
Denomination,
Date, June 1, 1904. Interest semi-annually at the
$1,000
First National Bank of Ford City. Maturity part yearly on
June 1 from 1905 to 1922, Inclusive.
Fort Pierre, S. Dak.—Bonds Fo«ed.— By a vote of 97 to 3
this place on Nov. 8 authorized $30,000 water-works bonds,
Frauklln, Ohio.— Bonds .dut/iori«ed.— The Council has
passed an ordinance providing for the issuance of $10,000
water-works bonds.
Freeborn CoantT« Minn.— Bond Sale.— Oa November 13
this county awarded $21,20J b% ditch bonds to the Thos. J.
Bolger Co. of Chicago at 105, accrued interest and blank
bonds. Date, Oct. 1, I9di, Denomination, $l,CO0, except
one bond for $^00
Interest, semi-annual. Maturity, $200,
due Oct. 1. 19(6; $2,CO0 yearly on O^t. 1. from 1906 to 1912,
inclnsive; $8,000 Oct. 1, 1913, and $4,000 Oct. 1, 1914.
Garreit County, Md.— Bonds I»c/ea<ed.— The proposition
to issue from $U)0,tOO to $125,000 oourt-house and jail bonds
was not approved by the voters at the recent election.
ceiver! until 12 M.
November 28 by W.
We
&
&
Gibbon, Minn.— Bend Vfferivg. — PtopOBSilB wlUl be
re-
ceived until 8 p. M
Dec. 5, by E. C. Clasen, Village Re
corder, for $4,000 6% funding bonds.
Securities were au horiz°d by vote at the election, Nov. 8, 1904, held under Chapter
364, L^wa of 19)3.
Date of issue, Dec. 1, 1904. Interest,
semi-annual. Maturity, $500 In each of the years 19(»7, 19' 9,
1911, 1918, 1915, 1916, I9l7 and 1918.
Certified check for
$1C0 required. Presfnt bonded debt of village, $3,500. Ae,
eessed valuaMcn, $115,000.
Glasgow, Ky.— Bonds Defeated.— Ihe electors did not sancbonds at the vote on
tion the |20,U0(J 5iJ.8treet-improvement
November
8.
Groion (S Dak.) School District.— Bonds Voted and Sold.
rict on November 8 a(*nctioned a proposition to
iaeue $10,0(0 5% 120-year (werial) refunding Fohool bonds.
Tbeee bocds have already been sold to N. W. Harris & Co.
—This dls
of CQicago.
Rei^istered
(uptional)
1,
1904,
—
Kj.—Bonds
Defeated. The proposition to
vcith defeat at the recent election.
The vote was 414 for to 599 against.
Houston County, Ala.—Bond Sale. -On Nov. 7 the $60,000
5i conrt-nouse and jail bonds described in V. 79, p. 1661, were
awarded to Spitzer & Co., Toledo, for $64,050.
Indiana, Pa.— Bonds Voted.- Oj November 8, by proportionately a vote of three to one, this borough authorized the
issuance of $40,000 street-improvement bonds.
are advised that these bonds will be issued from time to time as
needed to pay the borough's share of the cost of paving, and
that nothing will be done before next spring.
are advised that this
Iowa City, Iowa.— Bond Sale,—
city has sold $16,000 refunding bonds to Geo. M. Bechtel
Co. of Davenport.
Ironti>n, Ohio. Bond Offering.— Propoaala will be received
until 13 M Dcc. 15, by F. A. Ross, City Auditor, for the fol-
HopbinSTille,
issue $^0,600
sewer bonds met
We
We
&
,
lowing bonds
$8,830 6* Third Street Improvement bonds of 1'80 each.
18.100 b% Sixth Street improvement bonds of f l.HTti each.
13,400 6!l Fifth Street improvement bonds of tl,3t0 eHCh.
7,10 J b% Fifth Street improvement bonds of 1710 each.
All the above bonds are dated Dec. 1, 1904. Interest semiannually at the office of the City Treasurer, Maturity, one
bond of each issue yearly. Accrued interest to be paid by
purchaser. Certified check for $100, payable to the Treasurer of the city, required.
Jefferson Couutj, Ohio.— Bonds Fofed.—Uaofficial returns
indicate that the proposition to issue $i0,000 infirmary bonds
met with approval at the recent election.
Jersey City, N. J. Bond Issue.— We are informed that the
Sinking Fand Commissioners will in the near future take an
issue of $13,000 i% 5-year registered hospital site bonds of
this city.
Bond Sales.— On Nov. 16 the Sinking Fund Commissioners
purchased at par and interest the following city bonds
$=0,000
16,398
^,^oo
14.705
4%
i%
i%
4S
year new-water-pipe bonds.
temporary-loan bonds to pay Judgments.
su-year school-extension bonds.
School No. 11 bonds.
80-
Kent, Purtage County, Ohio.— Bond Sale.—The following
7 for the $3,000 5% Main Street
in V. 79, p 173)
Cincinnati. |3,105 00 Lamoreoht Broa.A Co., Cleve.$3.067 00
bids were received
November
improvement bonds described
W. B. Todd & Co..
Kent Nat. Bank, Kent.
|
3.088 60
^ew
1st Nat. B'k, Columbus... 3,u76 00
P. 8. BrixKS & Co.. Clnoin
3,075 00
I
I
A. Klevbolte
W.
J.
& Co.,
CIncln.... 8,0)t880
Cleve.... 8,008 00
Hares & Sons,
I
The issue was subsequently reduced to $2,370 and the
bonds awarded to the K^nt National Bsmk for $2,435 17.
Kingston (N. T.) 8chool District.— r<nip rar|/ Loan.—
This district has borrowed $10,0C0 from the U ster County
Savings Institution, Kingston, at i%. Note matures Feb. 18,
1905.
Belle, Mo.— Bonds Voted and SoZi.— This city recently
t^) issue $2,700 electric-light-plant bonds. These bonds,
we are informed, have already been sold at home,
liHkewood, Oliio.— Bond oj^eringr.— Proposals will be received until 12 M December 10, by Henry J. Sensel, Village
Clerk, for $7,8u5 18 5% storm- water at Wf r bonds maturing
bond, $305 18, on Oct. 1,
yearly on October 1 as follows
1905; two bonds, $500 each, yearly from 19u6 to 1911, inclusive; one bond ot $503 yearly from 1912 to 1914, inclusive.
Bonds will be dated day of sale. Interest semi-Mnnnally on
April 1 and October 1. Certified check on a Lake wood or
La
voted
,
:
Om
—
:
THE CHRONICLE.
2224
Cleveland bank for 10$ of bonds bid lor, payable to the
Treasurer of the Village of Lakewood, rtqaired. Porchaeer
maFt pay accrued interest.
Bond iSale. — Oa Nov. 12 the eight iesnes of 5;^ bonds, aggre
gating $36,853 08, dtecribed in V. 79, p. 1730, were awarded
to
J Hayes <te Sons, Cleveland, at a premiuna of |185 and
acorned interest.
LaiicaBter, Ohio.— Bond Oj^eHng.— Proposals will be received until 12 M December 5, by W. D. Nothacker, City
Clerk, at the c ffloe of the City Auditor, for a $700 5% 6 year
city- hall-repair bond.
Date, Nov. 1, 1904. Interest, annual.
Accrued interest to be paid by purchaser. Certified check
for $25, payable to the City Treasurer, rtqulred. Bids to be
made on blanks prepared by the city,
Latouia, Ky.— Bonds Z)e/eafed.— A proposition to issue improvement bonds failed to carry at the recent election, the
vote being 151 for to 258 against.
Lawrence, Nassau County, N. Y.— Bond O/ertnfli.— Proposals will be received until 12 M Nov. 28 (postponed from
Nov. 15), by N. J. Pettit, Village Clerk, at the office of Fred.
Ingraham, 192 Broadway, New York, for $10,000 gold coupon
bonds at not exceeding 5% interest. Denomination, $l,00(t.
Date, Nov. 1, 1904. Maturity, $1,000 yearly on Nov. 1 from
1909 to 1918, inclusive. Certifier! check for $500, drawn on a
national or State bank or trus^ company, in favor of J. Henry
Harper, Village Treasurer, required.
LexiugtiiD, Ky.— Bonds Voted —This city on November 8
vol ed to iseuf- $100,000 sewer and $20,000 auditorium bonds.
The former propoeitlon carried by a vote of 2,998 to 659 and
the latter by 3,224 to 713. Securities will bear not exceeding
W
,
,
5% interest and will mature in 40 years. These bonds will
probably not be offered on the market for several months.
LexiugtOD, Miss.— Bond O^enngf.— Proposals will be received until
Novemoer 2i, by R. E. Wilburn, City
Clerk, for $25,000 5% coupon school bonds. Denomination,
1500.
Date, wh^n issued. Interest annually at Lexington.
Bids are asked for bonds maturing in 30 years, without option, and also for bonds maturing in 80 years, subject to call
one-tenth yearly, beginning five years after date of issue.
Certified check lor $500, payable to R C. McBee, Mayor, required. Bonded debt at present, $9,000, all of which will be
paid off on May 1, 1905. Assesped valuation, $l,0i 0,000.
Liverpool lowunhip (P. 0. East LiTerpoo!)> Ohio— Bonds
Defeatea —By a vote of 1,512 to 1,815 this township on November 8 defeated the proposition to issue highway -improve-
4pm,
ment bonds.
London, Ohio.— Boud Sale.— On November
11 the $2,000 5%
bridge bonds described in V. 79, p. 1730, were awarded to
the London Exchange Bank at 103-375 and interest. Following are the Mds
London Ex. Bank, London.... $2,067 50 Reasontrood & Maver. CInoln.. $2,047 76
2.ii«7 hO First Nat. Bank, Cincinnati.... 2,043 00
A. Kieyborte * Co.. Ulncia
Feder. Holzman 4 Co..(Jln.... 2 080 00 Prov. Sav. Bk. & Tr. Co., Cln.. 2,036 00
Weil, RothA Co.. Clncin
2.063 00
The check of Albert Keybolte & Cj. was not, we are infoimed, on a London bank, as was stipulated in the advertisement; therefore the next highest bid was accepted. W.
:
—
I
I
1
|
R Todd & Co. of Cincinnati, it is stated, offered $71 premium, but their bid was not accompanied by a check.
Long Brancli, N. 3.— Bond Fotc- The vote at the election
November 8 on the proposition to issue $400,000 ocean-frontimprovement, convention hall and park bonds was 1186 for
and 184 against the issue.
Louisiana.- Bond8£)e/'ea<cd.— The amendment to the State
Constitution permitting the issuance of $1,000,000 Sf, bonds
to promote public education failed to carry at the recent
election.
LoniSTille, Ky.— Bonds Defeated.— We are advised that
the city voted against the issuance of $3,500,000 S%% sewerconstruction, street-construction and drainage bonds at the
general election last week.
Lncas County (F. 0. Toledo), Ohio.— Bond Offering.—
Proposals will be received until 10 a. m., November 29, by
David T. Davies Jr.. County Auditor, for $82,341 55 5^
county ditcn bonds. Denominations, $500, except one bond
for $841 56. Interest semi-annuallv at the office of the
County Treasurer. Maturity, $8,000 in one year, $8,000 in
two years, $8,000 in three years, $4,500 In four years and
$3,841 65 in five years. Certified check for $1,000 on a Toledo bank or cash to that amount required with bids. Purchaser to pay accrued interest.
Ludlow, Ky.— Bonds Authorized.— The City Council ou
November 10 authorized the issuance ot $83,000 refunding
school and highway bonds.
Temporary Loan.— This city has borrowed $1,500 from the
First National Bank for use of the general reserve fund.
Ljons, Ohio.- Bond 8ale.—0a Nov 7 the $5,000 5% streetimprovemoLt bonds described In V. 79, p. 2109, were awarded
to the New First National Bank of Columbus at 101'85 and
interest.
F jilowing are the bids
:
Newlgt Nat.
B'k, Columbus •$%C92 60
Co.. CIeve.*5,068 Ou
Lamprecht Bros. &
A. Turner, Morencl, Mich.... •$5,085 00
W Hayes A tions. Oleve... •6 02tfU0
A. Kleybolte&Co.. Cinoln... 6,010 00
.)
,.
..
^
* And
accrued interest.
JitcMiuuTiile, ure. Bonds Defeated.— Thia city has voted
against a proposition to issue $75,0U0 water-works bonds.
MadisonTille, Ky.— Bonds Deftated.—ThQ proposition to
issue from $5(»,| 0(i to $75,000 water-works bonds failed at the
recent election. The vote was 2('3 for and 237 against.
Madoc, ODt.—Dtbeniure Hale —On November 10 the $9,000
4? debentures mentioned in V, 79, p. 1980, were awarded to
C. Brent of Toronto for $8,504 and interest.
Mansfield, Ohio.— Bond A'aie.- On November 1 $7,000 5^
1-8-ycar (serial) sewer bonds were awarded to the Mansfield
.
Wm.
(Vol. Lxxix,
HivingH Bank Ht par.
Denomination, $100 to $1,000, Ddte,
latereat, annuitl.
Bond 0^erin(7.— Proposals will be received until 12 m.,
cember 17, by D. S. Koontz, City Auditor, for $10,0iJ0 h% municipal library bonds. Date, Jan. 1. 1905. Donomination,
$1 OUO.
Interest, semi-annually, at office of the City Treasurer.
Maturity, $1,000 on September 1 and $1,000 on March
1 of each year, beglnniog Sept. 1. 1905.
Certifi-)d check for
lOii of bid, payable to the City Treasurer, r-qilred.
Bide
Nov.
1, 19ri4.
D^
mast be made on form prepared by the City Auditor.
Marion, Ohio.— Bond Sate.— On November 10 the $14,600
A% Church Street improvement honds described in V. 79, p.
1980, were awarded to Albert Kleyboite & Co
Cincinnati,
at 100*508 and iaterest. Following are the bids.
,
A. Kleyboite *
Co.. Clncln..»|l',878 39 Saasoneood * Mayer, Clnc!n.$U.4,00 00
Kuhn & Sons, Clncin
14,e51 If W. R T dd 4 Co., Cincinnati, •14,850 00
P. S. BriKKS & Co., Clncin
U.SOU 00
• And Interest.
Bond O^enrtgr.— Proposals will be received until 3 p. m.
November 21 by the Trustees of the Sinking Fund, 8, H.
De Long, Secretary, for thy $54,000 5j sewage-disposalworks bonds mentioned as having been a thorzed in V, 79,
Dated April 1, 1904. Denomination, $500. Interest,
p. 750,
March 1 and September 1 at office of the Sinking Fund
Trustees. Maturity, $1,50D each March and September. A
certified check on a local bank for 2,% of amount ot bid, payable to the Trus':ee8 of the Sinking Fund of the City of
Marion, required. Tha official circular states thbit the legality
of these bonds has never been questioned; also that the city
has never defaulted in the payment of the principal or interest of any of its bondp.
Bond Offering,— FTo-go?s\& will be received until 12 M., November 3u, by S. T. Quigley, City Auditor, for the following
1
8.
I
bonds
fi% sewer bonds of $580 each.
Maturity, $530 each slz months from
March 1, 1905. to Sept. I, l»u9. inclusive.
6,500 6$ sidewalk bonds uf $500 each. Maturity. $500 each slz months from
March 1. 1905. to Sept. 1, 19ii8, inclusive; 11,000 March 1, 19U9, and
$l,oOO Sept. 1. 19U9.
$5,300
Date, Nov. 30, 1934. Interest, March and September at
City Treasury, Certified check lor 5% of bid, payable to the
City Auditor, required. These offerings are in addition to
that for $3,900 Davis Street bonds to be sold on the same day.
See V. 79, p. 2166.
Marion County,
Miss.— Bonds Defeated,— Th^ County
Clerk advises us that the proposition to issue $50,000 courthouse bonds was defeated by about 30 votes at the recent
election.
—
MajSTllle, Ky.— Bonds Voted. This city on November 8
voted to issue $12,000 sewer bonds. These bonds, we are advised, will be sold at home,
Medina County Koad District, No. 1 (P. 0. Medina), Ohio.
Bond Offering. Proposals will be received until 12 M December 12 by Geo. Ballasch, Secretary, for %'2o 000 ^i coupon
road-improvement bonds. Date, Dao. 12, 1904, Denomination, $500.
Interest, semi annually, at the Medina County
Treasury. Maturity, $3,000 each six months from Feb. 20,
1908, to Feb. 20, 1911, inclusive, and $4,000 on Aug. 20, 1911.
Authority, Section 4,757-1, &c., Revised Statutes of Otiio.
Certified check for 2% of amount of bid, payable to the clerk
of said Board, required, and the purchaser must furnish the
necpseary blank bonds.
Mercer County (P. 0, Trentoo), N. J.— Bands Authorized.
—The Board of Freeholders on Nov. 15 passed a resolution
providing for the issuance of $18,000 i% SO year macadamroad bonds.
Mobile County, Ala.— Bonds Fofed.— Unofficial returns
point to a favorable vote on the proposition to issue $200,000
jail and building bonds at the recent election.
Moose Jaw, Assiniboia, N. W. T.— De^en^ure Offering.— Wq
are advised that proposals for the $160,000 b% deoentures
offered but not sold on October 15 will again be received unSecurities are issued $l50,00i) for the constructil Dae. 15.
tion of water- works and sewerage systems and an electriclight plant and $10,003 for a city hall. Maturity, part yearly
from 1910 to 1954. John D. Simpson is Secretary-Treasurer
of the city.
Mount Vernon, Ohio— Bond Ojfertnflr. -Proposals will be
received until 12 m December 12, by Stephen J. D jrgan, City
Auditor, for $2,800 6^ Bnst Vine Street sewer dyke bonds.
Danomination, $.'80. Date December 1, 1904.
Interest,
semi-annual. Maturity, ten years. Accrued interest to be
—
—
,
paid by purchaser,
Nashyille, Tenn.— Bonds Voted. This city at the recent
election voted $200,000 "Peabociy College for Teachers"
bonds. These bonds, we are advised, will not be issued until
the Peabody College Trustees comply with the conditions of
the ordinance authorizing the securities viz., by endowing
the college with a permanent endowment fund of $1,000,000.
After all requirements are met the bonds are to be turned
over to the college, and by them disposed of as they see fit.
>en Castle County, Del.— Boreds Befased.— The $176,000
4tC refunding bonds or this county awarded on Ju y 19 to
Dick & Robinson of New York City, have been refused by
that firm.
New Madrid, Mo.— Bond O^ertnflf.— Proposals will be received until 8 p. M. November 28 by W. H. Copeland, City
Clerk, for $12,000 5<s; coupon water-works bonds. Date, Jan,
1,1905. Denomination, $l,0J0. Interest, semi-annually, at
the New Madrid Banking C\ Maturity, Jan. 1, 1925. Certified check on a national bank doing business in the city of
St. Louis. Mo., or on the New Madrid Banking Co., or on the
People's Bank of the city of New Madrid, for 2% of amount
—
—
—
Not.
—
:
:
;
'
THE CHRONICLE.
19, 1904.]
New
Madrid,
of bid, payable to the City Clerk of .the City of
Mo., reqnired.
Newmarket, Ovt.— Debenture Offering.— Fiopoasils will be
received to-day (November 19) by Thoa. J. Robertson for |14,000 i% debentares (two issues), maturing part yearly for
twenty years.
Newport, Ky.— Bonds Defeated,— The proposition to ieeue
$90,000 electric-lighticgplant bonds failed to carry at the
recent election.
Newport, R. I.—Note Sale.— This ciby has sold an issue of
1-5 year (serial) refunding notes to Blake Bros,
$150,'J0U
Co. of Boston ac 101 'IS. Following are the bids :
a
2225
cember or the first of January, D. M. Alexander is County
Judge.
Petersburg, Ta.— Bond Ordinance Defeated.— The ordinance to issue the $70,000 4i 40-year street-improvement
bonds mentioned in V. 79, p. 2110, was defeated in the Common Council on November 7.
Philadelphia, Pa. Temp:>rary Loan Authorized,—The
City Councils have passed and the Mayor has signed a bill
providing for a temporary loan of $!05,288 52 for various
purposes.
&
Plttsbargh (Pa.), Snb-Sehool District.— Bond Sale.—On
coupon binds described in V. 79, p.
Nov. 11 the $50,000
1731, were awarded to Dick & Robinson of New York for
101-15
lOO'SO
Bond & Goodwin, Boston
Blake Broi. & Co.. Bngton
10f035l LorlnR, Tolman & I'upper Uor
$51770 50.
N. W. Harris 4 Co., Boston
»3o.o00)
100M6
Blcdget, Merritt&Co.,Bogton..lOO»ia|
Pleasant Rld^re, Ohio.— BoKd Sale.— On November 8 the
100-00
100-90
Newport Trust Co
ParkineonA Burr, Boston
$5,500 5% street-improvement bonds described in V. 79, p.
announced
last
week,
Bond
Ofering.—Aa
New lork City.
1662, were awarded to the Western German Bank at 107*50
this city is offering for sale November 23 several issues of
and interest, Following are the bids
8av. B'k & Tr. Co., Cln..$6,87i 00
Z^% gold registered corporate stock, aggregating $25,000,000. Western German Bank, Cln... $5,913 50 Prov
6,8U5 25 w. u. Todd & Co., Cincinnati.. 5,865 00
Raaoonsood & Mayer, Cln
The bonds were described on page 2,166 of last week's Chron- Well, Both & Co., Clncln.
5,885 00 Feder, Holzman & Co., Cln.,.. 6,835 00
icle, and the ofiScial notice of sale will be found among the
Pleasants County, W. Ya.—Bonds Defeated.— The proposiadvertisements elsewhere in this Department.
tion to issue $50,000 court-house bonds failed to carry at the
North Fort Worth, Tex—Bonds Authorized, According recent election.
Polk County, Iowa.— Bonds Fofed,—This county, by a
to the Dallas " News " the City Council has authorized the
H
I
I
:
.
1
I
—
Issuance of $100,000 i% 40-year water-bonds, to be dated Feb,
1, 1905,
North Hempstead (Town) F. 0. Mineola, N. Y.—Bonda
Voted—Bond Offering.— On Nov. 8 this town, by a vote of
1168 In favor of to 689 against, authorized the issuance of
Denomination,
highway-improvement bonds.
$20,000
Interest, annual. Maturity, $1,000 yearly on Jan.
$1,000.
Bonds will be offered at
1, from 1906 to 1925, inclusive.
public sale on Dec. 15.
Norwich, Conn.—Bond Offering. Proposals ^111 be received until 10 A. M. November 22, by Martin E. Jensen, City
conpon bonds as follows;
Treasurer, for $151,000
$60,000 water, $227,000 refunding gas and electric-light,
$164,000 refunding court-house bonds, Date, Jan. 1, 1905.
Interest,
semi-annually at the
Denomination, $1,000.
a
—
8^
vote of 9,283 for to 6,353 against, has authorized the issuance
of $260,000 bonds to complete the new court-house.
Port Arthur (Tex.) School District.— Bonds Registered.—
On November 12 the $80,000 5% school-house bonds described
in V. 79, p. 800, were registered by the State Comptroller.
Portland, Ore.— BoTid Sale,— An official report to us of the
sale on November 1 of Q% street and s3wer-improvement
bonds differs somewhat from that given In the local papers
at the time. The amount of binds awarded was $94,911 19
and the successful bidders were as follows
J.
R. Eransae...
A. E. Kokhardt
B. Noble
'.
,
fl,000no@l03-00| Fred. Tiancrermann.. 110,000
2i'.000
A. H. Maesrlej
7, TOO
A. M. SDiitb
A, L. Mills
16.911
15,000 00® 102-50
15,000 C0@102-26
10,000 0t@102-50
I
|
I
The bids received other than the above follow
(
<
f 15,000
00®102-00
15,000 ooaii 175
15,000 0(l@101-50
AbeTichner
Wm.
L. Brewster
00®102-S76
00@l"2-0O
DO® 102- 00
1«@ 102-00
;
$10,000 00®101-55
2,500 00@101-5J
...
2,000 00® 101-60
SO.' 00 00® 101-376
Thames National Bank, Norwich. Maturity, Jan. 1,1930. A. B. Kckhardt
W. J.Kelley
(
W,9U 19@102-00 Fred
Auihority for water bonds, Special Acts, 1899, p. 292; for gas A. L, Mills
T.ancermannJ
i<rea. i^angermann^
I'O.OdO 00®1 >ii-625
10.000 00@10t-75
(
and electric bonds, General Statutes, Section 1981; for court- H.B. Noble
M. A.M. Ashlev
7,500 Ou@101-r 63
< lo.noo oc@lco-76
10,000 00®lfc0-50 J. W. Canthers & Co 10,000 00® 100-63
i
house bonds. Special Acts 1903, p. 137. Certified check for
Denomination, $500. Date, Nov. 1, 1904. laterest, semi2jJ of amount of bid, payable to the City Treasurer, required.
Norwood, Ohio.—Bowds Proposed.— An ordinance provid- annual. Maturity, 10 years, subject to call after one year.
ing for the issuance of $10,000 fire and pol ice-station bonds
Bacine, Wis.- Bonda Voted.— On November 8 this city, by
is bsing considered,
a vote of 2,276 for to 935 against, authorized the issuance of
Omaha, Neb.— Fond Vote.— The following vote was re- $65,000 bridge bonds.
ceived Nov. 8 on the three bond propositions submitted
Randolph County, W. Ta.— Bond« Defeated, The proposi1100.000 Bfiwer bonds. Vote, 8,909 for, 6,468 against,
tion to issue $50,000 i% court-house bonds failed to carry at
6,73»
for,
10.139
against.
600,000 electrlc-street-IlBhtmg bonds. Vote,
the election held November 8.
60,000 fire engine house bonds. Vote, 9,318 for. 6,160 against.
Bed Lion School District, York County, Pa.— Bonds
We are informed that the sewer and fire-engine house Fozed.— This district at the recent election authorized tha
bonds will not be offered for sale before April, 1905.
issnance of school-house bonds by a vote of 184 to 134.
Orange, N. J .—Ordinances Passed Over Feto.— The Mayor
Rocliester, N. Y.— Temporary Loan.— The City Comptro'the
City
Council
his
returned
without
apto
on Nov. 7
ler on Nov. 16 awarded an eight-months' temporary loan of
proval the ordinance passed Got. 10, authorizing the iseu- $75,000 to Goldman, Sachs & Co. of New York City at 3-75^.
anoe of $125,000 i% SO year high-school bonds. At a meeting The following bids were received
of the City Council held Nov. 14 the ordinance was passed
4"0r)6
3-7B« J. & W. Seligman & Co.. N. Y
Goldman, Sachs & Co., N. Y
over the Mayor's veto.
4-in<
Rochester S iv. Bank. Rochester.. 395* C. 8. Ijunr & Cu., Ilochester
Frank E. Jennlson. New York... .4-11.156
Security Tr. Co.. Rochester ($5
Bond Oj^erwigr.— Proposals will be received until 8 p. m ,
4'10;(
4-00$ Bond & Goodwin, Boston
premium)
December 5, by the City Clerk, for the §125,000 4% conpon Broadway Sav. Institution. N. Y..4-00
Rockford, Wash.— Description of Eonds.-We are advised
schools bonds referred to above. Date, Dec. 1, 1904. Dathat the $5,398 water-works bonds authorized at the election
nomination, $1,000. Interest semi-annually at the Orange
held October 29 will carry 5% interest and will mature in
National Bank, Orange, N. J. Maturity, Ddc. 1, 1934. Cer- 1918. J. B. G'lbert U Town Clerk.
Bonds will be
tified check for 2^ of amount of bid required.
Rome, N. Y.— Bonds to be Issued—The issuance of $20,000
certified as to genuineness by the United States Mortgage & olty-pavirg bonds has been authorized.
Rusk (Tex.) Independent School District.- Bonds RegiS'
Trust Co., and their legality approved by J. H. Caldwell of
tered.—Oa November 11 the State Comptroller registered
New York City, a copy of whose opinion will be furnished $18,000 6% 6-40-year (optional) school houEC bcndj of this
the purchaser. Proposals should be addressed to the Com. district. Date, Oct. 1, 1934.
Sanborn County, So. Dak.— Bonds Defeated.— On Novemmlttee on Finance and Accounts, in care of the City Clerk.
ber 8 the proposition to issue $30,000 court-house bonds was
The offlcial notice of this bond offering wUl be found among not approved by the taxpayers.
the advertisements elsewhere in this Department.
Sandusky County, Ohio.— Bond Sale.— On November 12
Oiford, Miss.— Bond 0/feringf.— Farther details are at this county sold $1,080 5% ditch improvement bonds to the
hand relative to the offering on December 6 of $8,000 6% cou- Fremont Savings Bank for $1,087 50. Date, Nov. 12, 1904.
pon electric-light bonds. Proposals for these bonds will be Denomination, $270. Interest, January 1 and July 1. Mareceived until 7:30 P. M, on that day by R. S, Adamp, Mayor. turity, $270 each six months from Jan. 1, 1905, to July 1, 19G6,
Denomination, $100, latereat finnually in January at Ox- inclusive.
Scotia, N. Y.—Bonda Fo<ed.— This village recently voted to
ford. Maturity, Jan. 1, 1925, subject to call after Jan. 1, 1915.
Certified check for 5%, payable to R, 8. Adams, Mayor, re- issue $50,000 water and $15,000 sewer bocds. Sixty-four
quired. Bonded debt, including this issue, $63,400. Assessed votes were cast in favor of and 47 against the proposition.
Details of issue not yet determined.
valuation 1904, $971,833.
Seward County (P. 0. Seward), Neb.— Bonds Fofed.—At
Oxford, N, v.— Bond Sale,— Thla city has sold to MacDonald, McCoy & Co. of Chicago at par and interest the $45,000 the recent election this county anthorizsd the issuance of
b% refundiLg bonds described in V. 78, p. 2030.
$80,000 court-house, $10,000 jail and shtriff's reeidenca and
Oxford, idiit.—Deheriture Sale— On November 15 the $10,000 furnishing bonds.
Shreveport, h^.— Bonds Defeated.— The proposition to
|85,0C0 i% dtbfninres desciibfd in V. '59. p. 1781, were
issue $100,000 4% city hall bonds failed at the recent election.
awarded to H. OHara & Co. of Toronto, for $34,616 50.
Palalka, fin.— Lor. d Sale.— On Oct. 81 tbis city awarded The vote was 219 for to 226 against.
at par to the East Floiida Savings & Trust Co. an iesne of
Southampton Township, Pa.— iVo Bond Election Held.—
$35,000
BiV!tv bonds. DenominatioES, from $100 to $1,000. We are intorined that no ulection w.is held in this township
Date, Nov. 1, 1908. Matuiity, Nov. 1, 1928, subject lo call en November 8 to vote on the issuance of $50,000 road bonds,
after five yeere.
the report in some of the papers recently to the effect that
Parfeer County, Texas.— Bonds Voted.— An issue of $25,- such an eleo'ion would be held being incorrect.
000 4!t$lO 20-year (optiOiiftl) bridge bocdswa^i authorized by
South Brooklyn, Ohio.— Bond Ufleri/tflf.- Proposals will be
a vote of 1,251 to 815 at the election Nov. 8. These bonds received until 12 m,, Deo. 19, by W. A. Pupikofer, Village
will probably be offered for eale about the latter part ot De- Clerk, for the following bonds
.
—
:
H
THE CHRONICLE.
2t>-2(»
Denomlnatloo.
6]( Carp and otber atreeti sewer ImproTement bondR.
$400. pzcnnt one bond for tbt-*.
2,634 t% Krathcr Street Bpwer-lmprovemont bonds. Denomination. 1280, except "ne hond tor t'ZHi.
Mrrilevilie Avenue rewer-tmproTemcDt bonds. Denomlnatton, tiZS,
4,389
except one b 'nd for tO 3.
4,111 6f Oilbum Aven'ie newer-improTeinent bonds. Denomlnatton, tlOO, except one bord for $ ill
bonds. Denomination. tC37.
fl 370 B* McArthur Avenue sewer Improvement
Denomination, »710, cx7,170 6J Klorla Avenue nuwer-improvement bonds
cept one bond for hlO
4,100 6% Scarjdale Avenue s^we^- Improvement bonds. Dcnomlnatlon, (100,
except ouo bond for tMo.
Village Clerk, for $2,000 4% loan debentures maturing in ten
years, for $2,0'
4% general sidewalk debfcDturc-a mataricg
part yearly for twenty years acd for $1,419 64 4!{ local-improvement debentures maturing part yearly for twenty
|4,128
M
years.
Thief River Falls (Minn.) School DiBtrlct No. 18.-Bond
iSaie.— On October 11 this district sold $6,800 5% refnnding
building bonds to C. C. Qowran
Co. of Grand Forks for
$6,900, accrued interest, blank bonds and expenees of proceedings. Date, Nov. 1, 1904. Interest, eemi-snnual, Maturity, Nov. 1, 1919.
These secarities were offered but not
sold on Jnlv 15, owing to a legal t<=chnicality.
Timber Township (P. 0. (llatford), III.— Bond Sale.—
are advised that ihis township has sold J3,CO0 5^ ooupon
road and bridge bonda. It-tere st anm'^lly on April 1 at the
Farmers'
Traders' Bank. Glasford. Maturity, $1,000 yewly
on April 1 from 1906 to 1908, inoluBive,
Toledo, Ohio.— BoTirfs 4t(</iort«ed.— Tte City C:iTincil on
November 7 passed ordinances providing for the issuance of
&
Interest on above bonds will be payable April 1 nnd Oct. 1,
Mafnrlty, one bond of each isaae yearly on April 1 from 1906
to 1915, inclusive— the odd bonds being payable in 1906. Certified check for lOiJ of the bonds bid for, payable to the
Trpasurer of the village ot Sonth Brooklyn, required.
South Om&ha, Neb —Bond b'ale.- Oa Novembpr 9 the two
leenes of 4^% refncding bonds, aggregating $117 000, described in V. 79, p. 1981, were awarded to W. J. Hayes &
Sons, Cleveland, at 101'403, accrued interest and black bonds.
Following are the bids :
W. J. Hay«8 & Song. rieve..|ll8 641 00 J.L.Brandels iSong, Omaha |118.2r9 00
We
&
the following bonds
I
Albert
Nevf York... 118.520 80
C. Caee.
t^eo.
Sav.Bk.&Tr. Co..Toledo 117,620 00
117.30CI ou
& Mayer, Cln... 118.612 00 Bpltzer & Co.. Toledo
Bonda Voted.— The proposition to issue |70,000 city-hall
and $40,000 park bonds both carried at the election Nov. 8.
Stafford Springr^, Conn— Bonda Voted,— A.t the annual
town meeting held November 14 the issuance of |86,000 Ai
funding bonds was authorized. Securities are to mature
BeasonROOd
f.S.ses 2!5
1
Coniity,
8,975
Ohio.— Bonda Fbfed.— On November
yno.OOO 4% coupon general street-ImproVemert bonds.
40,000 i% coupon Keneral-lmprovement sewer bonds.
Both issues are in denomination of $1,000. Date, Dsc. 30,
Iiiteres", June 39 and Dec. 30 at the United States
Mortgage & Trust Co., New York City. Maturity. 15 years.
Tompkins Connty, N. Y.— Bond Election Not Held,— Thia
county some time sinoe had under consideration the advisa1904.
8,
We
submitting to a vote of the people at the recent
election a proposition to issue bonda for a county building.
Shortly before the election, however, the Board of Supervisors decided not to submit the question this fall, and the
matter has therefore been dropped for the present.
bility of
for several months.
Sycamore Township, Butler County, Kan.—Bonds Voted,
— On November 1
this township voted in favor of the propbonds in aid of the Kansas City Mexico &
Orient Railway.
Teeswater, Ont.— Debenture Offering,— Propos&la will be
received until 7 P. M., November 21, by John Farquharson,
osition to issue
Topekff. Kan.— Bonds Fofed.— At
the recent general
election tnia city voted to issue bonds for the building of six
bridges, the estimated cost of which is $34,695 85.
LOANS.
INVESTMENTS.
CITY OF ORANGE,
25,000,000
Tax Exempt Gold Bonds
Years)
TO BE SOLD WEDNESDAY, NOV.
23d, 1904,
Issued in Coupon or Registered Form.
Interchangeable at will after purchase.
OFFERED DIRECT TO INVESTORS.
These bonds are a legal Investment for trust funds and are
exempt from taxation except for state purposes.
Chapter 274 of the Laws of 1904, which applies to the sale
of Bonds of the City of New York, provides that "all or none"
bids cannot be considered by the Comptroller unless the bidder offering to purchase "all or none" of the Bonds offered
for sale shall also offer to purchase " all or any part "thereof.
Send bids in a sealed envelope, enclosed
FEffi.
In the
addressed envelope.
CENT. OP PAR VALUB MUST ACCOMPANY BID.
A
deposit of
Such deposit must be
In
TWO
money
This deposit will, if requested, b*
or oertlfled check upon a solvent Banking Corporation.
returned day of sale to unsuccessful bidders. For fuller Information sea "City Record,"
published at 2 City Hall. New York.
Bank or Trust Company,
Consult any
EDWARD
or addre!-'*
M. OROUT, Comptrolhr City of
280 Broadway,
F.
J.,
i% Thirty-Tear School Bonds.
NEW YORK CITY 3V2%
in Fifty
1904.
Bonds Authcri zed. —The City Council on Nov. 14 passed
ordinances providing for the issuance of the following bonds:
are
thorized the issuance of $275,000 court-house bonds.
advised that these bonda will probably not be on the market
(Payable
7,
!>% John Street pavintr bonds, duted Oct. 6. 1904.
03 X2 r>% Pronly Aveuue pavlni/ hondn dated Oct. 17, ISCd,
874 79 5? eewer No. y>"i. daied Nov. 0, IM' 4.
1,223 71 556 Page Street pavine bonds, dated Oct. 7. 10C4.
63,752 90 4;l Front Street paving bonds, dated Jan. 4, 1901.
m favor of to 6,508 against, this county au-
NEW
:
Avenue paving bondg, dated ynv.
2.<
Steobenyille, Ohio,— Bonds Authorized.—Thla city has
authorized the Issuance of $35,000 refunding bond?. We are
advised that the interest rate will probably be 4.% and that
the securities may be offered for sale in the near future.
Snmmit
5% Linwood
2.321 78
$8,0C0 yearly.
by a vote of
[Vol. LKXix.
New
The City of Orange, N. J., Invitee eesled proposals
for the whole or anr part of $l2&,i00 of coupon
School Bonds of the denomination of one thoasand
dollars each, bearing aaie of December Ist, 190«,
and maiuriDg December 1, 193«, with interestat four
per ceutum per annum, payable semiannually at
the Urantfo National ISauk, Granite. N. J.
The proposals fur above-mentioned
bonds,
addressed to the Committee on Kiuance and Accounts, in care of tbe City Clerk of the City of
Orange, N. J., endorsed "Proposils Jor School
Bonds," will be received by the Citv Clerk until
MO^*DAY,
THE KIKTH KAY OF DECKMBKK,
By order
of the Committee on Finance and Ac-
19t4, at the Common (.oancil Chamber, Canfleld
Street Kngine House, in said city, up to the hour of
eight o'clock P. M. of the same day, who ^11 certlty thereon the time of their receipt by him.
Said proposal* will be publicly opened at a meeting of the Common Council, to be held in the Common Council Cbamber ou tbe tutn dsy of December, 19j4, at eight o'clock P. M.
Tbe bonds will be awarded to the highest bidder,
but no award will be made on any bid below the par
value of the bonds.
faid oroposals must be accompanied by a certified
check for two per cent of the amount of the par
value of the bonds bid for
Bonds will be engraved under the supervision of
and certided as to genulneuess br the United States
Mortgage & Trust Company, and the r legaliiv approved by J. H. Caldwell, Ksq., of New Vork City, a
copy of whose opinion will be furnishei to the purchaser.
The bonds will be delivered to the purchaser on
Dec 20. 1H04. at 11 o'clock A. M., at the Orange
NatiODal Bank, Orange, N. J.
The Loojmou Council reserves the right to reject
any or all bids as may setm best to them In the interest of tbe city.
Any information with regard to this loan will be
furnished by Mr. Charles A, Meigs, Collector of
counts.
WILLETT
FRANK
B.
GANO,
Dated, Orange, N.
G.
J.,
COUGHTRT,
Chairman.
City Clerk.
Nov. 1 \ IwOl.
INVESTMENT BONDS.
*?:-;
York,
SEND FOR
LIST.
New York
OENISON, PRIOR & OO.
CLEVELAND.
SPECIALiISTS IN
Defaulted and
Compromised
Municipals of Kansas and
other States.
H. C.
SPILLER &
CO.,
Specialists in Inactive Bonds,
27 Stale Street,
Boston.
BOSTON.
T. B. POTTER,
Blodget> Merritt
MUNICIPAL and Rnun^
BANKERS,
o^^^^*
CORPORATION
172 Washington Street,
CHICAGO,
liiaT
-
-
ON APFIilOATIOM.
6c
Co.,
16
Congress Street, Boston.
36
KASSAC STREET. «EW TORK.
UjL,^.
STATE, CITI & KAILROAD BONDS.
•
:
Nov.
THE CHRONICLE.
19, 1904.]
Troy, N. Y.— Bond Sale.—Oa November 13 the $57,844 76
in V. 79, p. 2168,
Ai pnblic-Improvement bonds described
were awarded to the Troy Savings Bank for $2C8'28 premium
bid of 100-15 and interest was also
and accrned interest.
Co. of New York City.
received from Blake Bros.
A
&
Troy, Ohio.— Bonds Authorized.— On October 26 the City
Conncil passed an ordinance providing for the issnance of
JIOOOO i% coupon fire-departm^^nt bonds. Danomination,
Date, November 1, 1904. Interest, eemiannnal.
81,000.
Maturity. 20 years.
^ ^^ .
.
,
„
,
.„ i.
Yaldostn, Ga.— ^ond O/crtngr.—Proposals will be received
nntll 12 M., December 15, by A. W. Varnedoe, City Clerk, for
the $35,000 5^ school bonda authorized at the election held
October 11, 1904. Denomination, |500. Date, Jan, 1, 1905.
Maturity, Jan. 15, 1935. Certified
Interest, semi-annu-»l.
check for $500, payable to A. Smith, City Treasurer, require d,
Purchaser to furniish blank bonds. According to the official
advertisement, ten of these bonds are to be retained by the
city.
C— D
b^nfure 0/r«nr?^.~Propo5als will be reTlctorifl, B.
ceived until 4 p. M-, November 28, by Wellington J. Dowler,
C. M. C, for the folJowiBg debentures :
112 497 20 t% Yates street local improvenient debontnres. dated May 1, 1904.
Maturlfr, May 1, 1W14. Of this amount t7,S68 60 Is cbargeable to
property owners and $6 128 6o to the city at large.
13 528 37 i% Yates 8treet local-improvement debentures, dated Jane 10. 19C4.
Maturity, Jnne 10, Ibll. Tbis Issae is cbargeable to the city at
large.
18.768 64 4% city debentnres, dated Sept. 16, 1934. Maturity, Sept. 15, 1914.
'
Denomination, $500, except one bond in each instance for
the odd amonut. Interest semi annually at the cffico of tbe
City TreaEurer. Accrued interest to be paid by purchpser.
Walden, N. Y.—Bond Saie,- On November
11
the $3,000
registered fire-house bond?, described in V, 79, p. 2111, were
awarded to the Walden Savings Bank of Walden at par for
bid was also received from 8. A. Kean of
four per cents.
A
Chicago.
WalEUt Grove, Minvt.— Bonda
is
to be Issued.— Thi^ place, it
stated, is preparing to issue $1,200 refunding bonds.
—We
are informed
Waco, Texas,— Price Paid for Bonds.
Co. of Chicago en
that the price paid by N. W. Harris
November 3 for the J3[6,0C0 water and the $59,000 scfcool 5%
bonds awarded to them was 109'68 and interest. Following
are the bids
&
22-27
jpoe.noo
School District
Evanston, III., Library Site
Wayne Co , Ind., Court House
I.
T.,
&
I
j
'
|
I
I
W.J.Kayes & Sons, Cleve..
& Co.. New York
.
K. M. Grant
-
C
U. L. Crawford
!, 504 00
91,603 90
fl
I
& Co., N.Y..
W. Halaey & Co.. N. Y.
N.
. . .
91,159 20
90.518 00
Willoughby TowEship, Ohio.— Sends Defeated.— This
township on November 8, ny a vote of 226 for to 451 against,
defeated a pi'opoaition to is^ue $20,000 cemetery bondp.
Wlnfleld, Kan.— Bonds Only Delivered in Part. We pre
—
advised that of the $89,000 water, $30,000 light and $15,000
gas 5% bonds, awarded on August 15 to J. E. Jarvis of Winfield, only the $30,000 light bonds have been delivered to
date. We understand that the owners of the existing plant
have secured a temporary injunction from the Federal Court
preventing the delivery of the water bonds, claiming, among
other things, that the company has a franchise for the use of
the streets and alleys of the city for a period of ninety-nine
years, and that under the United States Constitution (Sec-
mVESTfVIENTS.
MUNICIPAL AND
FRANCHISE
CORPORATION
PUBLIC
BONDS
Boutrlit
-
-
and Sold.
HAYES & SONS,
W.
6s
4s
5s
6s
6s
6s
6s
5s
6s
-
Water and School
500,000 Mississippi Levee District
86,000 Minden, La., Water Worhs
Refunding
45,000 Oxford, N.
1
60.47500
69,593 00
I
Gainesville, Texas, City Hall
High Point, N. C, Public Building
16,000 Tishimingo,
61.95000
61,065
I
MUNICIPAL BONDS
III.,
6a.6b7 60
6a,«500i>
62,260 00
63,P6S 00
&
WE OWN AND OFFER
Kewaunee,
00
64.547(0
61.93000
f6t.7iis
Ware, Mass.— B<wd Sate,— This town has sold an issue of
$18,000 i% 10-year coupon town- hall sewer and improvemen*:
Sons of Boston at 101'85. Following
notes to W. J. Hayea
are the bids:
W.J. Hayex & Sons, Boston. ...101-83 Blake Bros. & Co.. Boston
lOC-61
Merrill, Oldham & Co.. Boston.. 101*673 R, L.Day & Co.. Boston...
10f)-64»
Lorlng, Tolman & Tupper, Bo8t.l00"21*J
Blodget, Merrltt & Co., Boston. 10r03
Weilini^tOD, Ohio.— Bond ^ale.—Oa November 12 the four
issues of 5% bonds, aggregating $8,731 '51, described in V. 79,
Mayer, Cincinnati, at
p. 1783, were awarded to Seasongood
104*04. Following are the bids:
Fremium.
Premiwn.
Seasonirooa & Mayer, Clncln,... ?27l 53 New let Nat. B'k, Columbus
$182 6'3
263 05 Hayden. Miller * Co.. Cleve.... 9190
Foder, Holzman & Co., Cln
215 l;0 Home Sav. Bank, Wflllngtun... 86 fO
W. tt. Todd & Co.. Clncln
A- Kleybolte & Co« Cincinnati.. 2U1 65 I*amprecht Bros. Co..Cleveland. 88 ."iS
W. J. Hayes & Sons, Cleveland. 164 00 Dayton Sav. & Tr.Co„ Dayioa. 16 00
West Orange, N. J.— Bond SaZe.— Tbo following bids were
received on November 15 for the $90,000 i% sewer bonds described in V. 79, p. 2112:
OrangeNat. Bank, Orange... J91,600 on Konntze Bros., New York... $91.808 CO
INVESTMENTS.
$37,000
27,600
29,000
25,000
80,000
$59,000
School Btfs.
Water Hords.
$3sf.e2i oo
N. W. Harris * Oo., ChlcaRO
SpitzerA Co.. Toledo
334.5*700
Trust Company of Dallas
831.673 40
Union Sayings Bank & Trnst Co., Cincinnati
825,125 10
.S2.S.00O 00
W.J. Hayes & Sons, Cleveland
Weil. Roth A Co. and W. R. Todd & Ca, Clncln.. 822,H35 00
T.aroprecht Bros. Co.. Cleveland
322,0H5 00
.S2l,3000O
R. Kleybolte <t Co., Cincinnati
Provident Savings Banfc & Trust Co.. Cincinnati. 3i6.'lo00
Fuller, Parsons A Snyde--. Cleveland
312,12000
Tbos. J. BolgerCo., Chicago
J.
OLSTEIiAND. OHIO.
F.
BOSTON, MASS.
FULTON & CO.,
R.
Municipal Bonds,
171 LA SALLE STREET,
CORPORATION BO^^DS
CHICAGO.
$100,000 Peoria (Illinois) Gas & Electric Co.
70,000 Monmouth (Illinois) Gas & Electric Co.
27,000 Ft. Dodge (Iowa) Light & Power Co. -
6s
MacDonald^ McCoy
6s
MUMICiPAL AMD
SEND FOR DESCRIPTIVE CIRCULAR.
& Co.,
CORPORATIOM
BONDSa
MacDONALD, McCOY & CO
171
Telephone— Central 575.
I7Z
La Salle
Street, Cblcago.
Established 1S83.
La Salle Street,
Chicago.
H. C. Speer
169 La Salle
BONDS.
Public
Service
& Burr,
INVESTMENT BONDS
Perry, Coffin
AMD
OorporatioD
BONDS.
E.H.ROLLINS
8l
SONS,
BOSTOBf.
DesTer.
/
Chicago.
E. C.
95
Byllesby
& Co.,
BOSTON,
ENGINEERS.
DESIGN, CONSTRUCT AND OPERATB
RAILWAY LIGHT, POWER AND
HYDRAULIC PLANTS.
MUNICIPAL AND PUBLIC SERVICE
BONDS.
BANKBKS,
Milk Street,
BOSTON.
H. M.
I^CORP0KATED.
Trowbridge & N iver Co.
Stanwood & Co
ENJQINEERS^
60 State Street,
San Francigco.
MUNICIPAL BONDS.
Chicago.
St.,
COUNTY
AND TOWNSHIP —
CITY^
MUNICIPAL
& Company
1st
CHICAGO,
Nat. Bank Bids'.
Exftoilnatlons
and Kpportn.
BOSTON,
60 State
Street.
New York
Life Buildinor,
CHICACO,
ILL.
:
;
2228
THE CHRONICLE.
tion 10, Article 1,) no Sbate can pass a
gations of a contract.
law impairing the
works, fire eyBtem, hospital, market honscsand boulevarda;
$«1,625 .
000 of theee bonds had been 8old up to November 1, 1 90 1.
LOANS—
Whenlhie.i Hospital BokdsCity Hali.—
48, J&J, (04) $22(5.000 c .Jan.1,'24
48, A (to, 1.50,000
Apr. 1, 1910
FlKK PH'iTKCTION BONDS —
48, J<kJ,
146,000 cJuly 1, 1910 48, JAJ. (04) ."HOO.OoO c .Jaii.1,'24
obli-
'
Winona CoantF, Minn.— Bond* Voted.— The
vemb?r
8 resulted in
Noagainst being
election
a vote of 2,215 for to 1,771
cast on the proposition to Issue $17,500 poor-house bonda.
No details of the issue have as yet been determined.
Wood Coanty, Ohio.— Bond Sale.- Oi November 10 the
|50,O0O 5i highway-improvement bonds desaribedln V. 79
p. 1256, were awarded to the First Nationnl Bank of Bowlint? Green at 102*158 and blank bonds.
Following are the
Sewkh
4«,
48,
The county
Bond
1,
WATKR-WOKKS—
c. July
J&J, 1,100,000 c.Jan.
48.
to
1
& Marer, Clnoln. 150.762 CO
Denlson. Prior it Co., Cleveland and Koston
50,767 00
Parkinson & Burr. Boston... S.'.OOO 00
8. A. Eean. Cbicaeo
60 600 00
ProT. Say. B'k&Tr. Cc.Cln. 50,500 00
Beasoneood
1910
1910
1,'15
1,'24
FoUowing
are the bids
.
.
lismprecht Broa.&Co.CleTe. 60,95100
W.J. HayesA Sons. Cleve... 60,891 00
fieasongood & Mayer, Ctncln. 50,861 76
New
1st Nat- B'k.Columbas. 60.826 00
Prov. Sav.Bk.&Tr. Co.,Cin.. 50,825 25
|
I
is
J&J, $75,000 c
July
BciLDiNG Bonds—
5s, J*J, $20,000 0.... July
1,
1916
1,
1916
5s,
1,
1917
FincDiNO BondsA&O, $11,900 o....Oct,
1, '24
payable at Kansas City and
1,1904.
OM, 1903.
debt.... $3,100,900
$3,.508,900
480,900
377.162
Oc/.
Sinking funds
New
York.
OcM.1002. <Vt.l.l901.
$3,509,900
350,000
$3,.551,900
335,957
Net debt
$4,614,000 $3,131,738 $3,159,000 $3,195^943
The figures of total debt include the water debt, amounting Oct.
1,
1904, to $3,973,000. Water debt sinking fund, includtd in above
amountf d on Oct 1. 1 904, to $297,900. The city has no floating debt.*
:
,
$200,000 C.Jan.
Tr.^^^y,
J,
:.. ^.
Total bonded
November
First Nat. Bk Bow. Green... 151.087 60
R. Kleybolcft & Co., Cincln.
51.t<)0 00
(04)
INTEREST
pay $50 for blank bonds.
Sale.—Oji
J*J,
Watek-Workh Bonds-
SB,
TOTAL DEBT, SINKING FUNDS, Etc-
14 the $50,000 5^ highwavImprovement bouds described in V. 79, p. 1892, were awarded
to the First National Bank of Bowling Green at 102-075.
Well, Roth & Co„ anclnnati.t50,S10 00
Uenlson, Prior ft Co., Cleveland and Boston
60.796 50
Parkinson & Bnrr, Boston... 60,7; 5 00
W.H.Todd ft Co..Clnr_dnati.. 60,506 00
8. A. Kean, Chlcaeo
60,600 00
A sinking fund is provided by the laws of Missouri calculated to
extinguish the total debt of the city in about 20 years.
CONSTITUTIONAL
An amendment to the State
Constitution was adopted at the November (1902) election, which
permits the exclusion of the water debt in computing the limit
of Indebtedness.
AMENDMENT-
|
Woods County, OUa.-Bonds Voted.— It is
stated that this
county, at the recenc election, voted to is8U9 $40,000 bonds to
build a county high school in Helena.
I
1,
100,000 O-.July
J&J,
4i38,K..J&J,.$2,ft73,000
48,
WESTPORT BONDS—
H(>NI>S—
A&O, $100,000 C.Apr.
Park & Bocjlk.Vrd Imp't Bds.—
1
'
iji
bids
First Nat. Bk., Rot. Green.. »5t.07« 50
eeaSav.Bk.& Tr. (;o.,Toledj»51,l2(!00
LamprecbtBrns. sco., Ciev. 6i',931 00
Well, Roth A Co.,Clncln
60,810 00
W. J. Hayes & Sons, Cleve... 60,7t^7 00
Mew IstMat. B'k, ColomDnt. BO.TbOOO
•
[Vol. Lxxix.
ASSESSED VALUATION AND TAX RATE.Real
STATE AND CITY DEBT CHANGES.
Kansas City, Mo. -J. H, NefE, Mayor; A.; E, Gallagher,
Comptroller.
Kansas City is situated in Jackson County. Incorporated Feb.
4,
1950 On Feb. 1, 1898, Kansas City annexed the city of Westport and
assumed the latter's debt of $106,900, In Aug., 1903, the city charter
'This
amended so as to permit of the isauanoe of bonds for various
purposes. Under these amenamente the city on Sent. 22, 1903, voted
•was
to isane $2,175,000 4 p.
c,
its
actual value.
POPULATION.— In
119,668
INVESTMENTS.
3%
Is
per cent of
20-year bonds for improvements of water-
NEW YORK
*
Personal
QHy j<qj^
and Banks. Merchants.
Total.
«er$l 000
$21,,54,140 $5,941,630 $93,196,28$ $13^0
19,847.760
5,626,870 88,505.930
12-50
16,083.323
5,017,810
12 -.50
82,120,443
15,258,891
5,516,890
11 -(K)
79,776.841
16,503.895
4,979.890
11-50
79,410,000
10,381.640
3,687,640
58,381,510
1250
18.130,100
3,345,130
12-50
82,485,557
5,040.560
2,610,520
31,678,520
15 00
2,354,580
1,634,810
13.378.950
2200
the city tax proper, Property is assessed at about 40
Tear
Estate.
1904... $65,800,510
3 903....
63,031,300
1902.... 61,019,310
1901.... 59,001,060
1900.... 57,926,215
1895.... 44,312,230
1890.... 61,010,327
1885.... 24,027,440
1880....
9,389,560
in 1880
;
1900 (Census) was 163,752; in 1890
in 1870 it was 32,260.
was 55.785
it
it
was
;
TRUST COMPANIES.
CITY
and 3J^%
TAX EXEMPT BONDS.
NASSAU STREET
15
T.W.STEPHENS & CO.,
TRUSTEES:
Alvin
James H. Hyde,
2 Wall Street,
New
L.
York.
DAY &
CO.,
BANKERS,
40 Water
£. H.
8 Nassau
NEW
BOSTON.
MEMBERS
NEW YORK AND BOSTON
Vloe-Presldent.
L. L. Gillespie,
Vloe-Presldent
F.
Jr.,
Asst. Secretary,
Wmiam H. Baldwin Jr.,
Wmiam O. Van Home,
H. M. Walker,
Ohaunoey M. Depew,
TATE, MUNICIPAL AND HIGH GRADE
RAILROAD SECURITIES.
Asst. Treasurer.
B. Ranklne,
Solicits
S.
M. Inman.
Frederic R. Oondert,"
H. H. Porter Jr.
W. H. Crocker,
C. F. Adrins 2ne,
John M. Hall,
Edward M Hoosr,
L. F. Loree.
Deposits
ot Individuals and
Corporations.
Interest on Dailv Balances.
CAPITAL, $3,000,000.
INVESTMENTS.
Itudolph Kleybolte&Co.
and Treas.
Ljman Rhoades
L. Gillespie,
Bli
STOCK EXCHANGES.
Fulle,
See.
Clarence H. Maokay,
W.
W.
W. Alexander,
V. P. Snyder,
Otto H. Kahn,
James Henry Smith,
Geo. H. Squire,
Bradlsh Johnson,
William Alexander,
Alvtn W. Krech,
M. Hartley Dodge,
H. M. Alexauder,
J.
James H. Hyde,
William H. Melntyre,
T. H. Hubbard,
aage £. Tarbeu,
John F. Dryden,
T. De Witt Curler,
D. H. MofTat,
Street,
YORK.
TRUSTEES
Krech,
President.
Harrlman,
Lawrence
Street,
W.
H. C. Dining,
H. C. Frick,
C. B. Alexander,
R.
EQUITABLE BUILDING.
SURPLUS. £9,000.000.
MISCELLANEOUS.
TVHITING'S PAPERS.
BANKERS,
BOND DEPARTMENT.
DKALBBS IN
MUNICIPAL, RAILROAD and
STREET RAILWAY
/I
BONDS.
NASSAU STREET, NEW
THE AMERICAN TRUST
& SAVINGS BANK,
TOBK.
Chicago,
Illinois.
tnterait Paid on Dailv ar.d Tirr.e Deposits.
Offers
BONDS
sfggK CERTIFICATES
llandBomelT eceiaved;
Also
Railroad,
—
ALBERT
Municipal and Cor-
poration Bonds, conservatively issued,
steel plate eflect.
tne cheauer kind, partly lithOKraphed and partly
prhited from type. 100 Stock CeMitlcates, TX to
»^o: the latter er-sravod with Bteel-pla.e
borders
elPL'anU Seal Prese, If with Certificates. »1 50.
B. KING & CO., 105 William St., N.Y
Biiftravwe and Lithographers.
(Telephone.)
For Basinesa Correapondenoe.
Whether
fielding investors
Printed
H to 5%%.
and prices
application.
lists
own hand, or
are UNBQUALED. Their qnallty
li assured and they have won highest honori at all
the Kreat World's Kalrs. For hlRh (rrade wrlttn«
papers of II kinds, for bond papers, and for ledfrer
for letter written with your
l>r:the typewriter,
t'<
papers. Insist on having
upon
them made by the
WHITING PAPER COMPANY,
UOL.YOKE. MASS.
>Jew York.
Philadelphia.
Chicago.
@FedFRASER