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GENERAL LIBRARY,
UNIV. OF MICH.
ONE.
TWO
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Bank &
Quotation Section
Railway Earnings Section
Railway & Industrial Section
Electric
Bankers* Convention Section
State
Copyrighted in 1010, by William B. Dana Company, New York.
NEW
VOL. 91.
•:
.
A- v- ;<
n
Railway Section
and City Section
Entered at X. Y. Poet Office as moond elam mail matter.
NO. 2369.
YORK, NOVEMBER 10 1910.
/
gittanuctxl.
THE FARMERS’ LOAN & TRUST
COMPANY
f«t%n Exciting** Cable Transfers,
Utters of Credit,
Payable through¬
Harvey Fisk & Sons
NEW
BANKERS
Government,
Tkt Oompaar hr a legal depoettarf Mr
Trustee, Guardian, Reoetvcr, and la all'
other fiduciary capacities.
Aet* as Trustee under Martmte* made
ip Railroad and olfesr Cbrpeeatlooa, aad
esTranafer Agent aad Registrar of Stoeke
and Bonds. ■
Receives deposits upon Oerttfloates of
Dipodt, or snfajeot to oheck. and allows
Interest on dally balances,
^fn«mgfrgi
Estate and lends money
bond and ntortcseo*
Will act as Agent In the transaction of
any approved financial bustuees.
on
Depositary for Leeal Reeerves of State
Banks and aMo to# moneys of tid ttty of
New York,
Plsoal Agent
OHMS.
for States. Counties and
16-22 WILLIAM STREET
NATIONAL BANK
INVESTM ENT SECU RITIES
OF NEW YORK
LONDON
PHILADELPHIA, represented by
IAMBS H, CHAPMAN. 421 Chestnut St.
CHICAGO, represented by D. K. DRAKE,
211 La Salle St.
BOSTON. MASS*, represented by
IQHN B. MOULTON. 25 Congress St.
The National Park Bank
of New York
PARIS
136 BROADWAY
N. W. HARRIS & CO
BANKERS
Organized ISM.
NEW YORK
,
RICHARD DELAFIBLD.
President.
GILBERT G. THORNE.
JOHN O. MoKEON,
vu+Pmtdm**
miminnf,
MAURICE H. EWER,
QsaMer.
WILLIAM O. IONES.
WILLIAM A. MAIN.
Asst. Cashtsr.
Assf. Cashier.
FRED’K O. FOXCROFT, Asst. Cashier.
WMNim
PlM ft**!, Cfimor
Capital. ........ •»,000,00000
Surplu. and Profit. . .... 18,884,078 IT
Itapodti Sept. 1,1810 . . . 108,088,88917
IOHN O. VAN CLBAF.
Vice-President.
475 FIFTH AVENUE
NEW YORK
THE LIBERTY
R&ilread and
Municipal Benda
out the world
moneys paid Into Ooart, and Is author*
tsed to aet as Bxeeator, Administrator,
YOEK
55 fliim A, Boston
Reeetve deposits subject to ckook
end enow interest on kolanem,
Aet os fiscal agents for manM-
polities
letters
and
of
eerporattona.
etedtt
and
Issne
deaf
to
BONDS FOR INVESTMENT
•*
V.
LIST ON APPLICATION
Members of Rlohmond and Baltimore 8took
Ezchangea.
John L. Williams & Sons
THB
Edward B. Smith & Co.
MECHANICS AND METALS
BANKERS
BANKERS
Cmimt 8th and Main StrMts
RICHMOND, VA
NATIONAL BANK
Baltimore Correspondents:
MIDI)ENDORF, WILLIAMS A CO.
INVESTMENT
SECURITIES
Members New York and PhUa. Stock Exchange
GARFIELD NATIONAL BANK
Fifth Avenue Building
Corner 9th Are. and 22rd fit.. Now York.
;
CipRfil, $1,000,000
N. B. Cor. Brood A Chestnut St«.,
capital,
Surpltu,
86,000,000
Surplus. $1,000,600
Clearing House Building
Cap. A Surp*. 9U.T0f.rra
Dap.. S9t.TM.ST2
A. B. HEPBURN, President
A. H. Wlggln. V.-Pres. C. C, Slade, Asst. Cash.
8. H, Mflkr, V-Pree..
E. A. Lee. Amt. Cashier.
M. M. Conkey, Casbier. W. E. Purdy. Amt. Gash.
A.C. Andrews,Asst. Cashier.
■sil
ORIGINAL CMAfITeR 1829
■
^doSiiEH Nassau and piNe
STREETS—IS
Francis Ralston Welsh,
GALLATIN
BONDS
NATIONAL BANK
OF RAILROAD, GAS AND ELECTRIC
UGHT AND POWER COMPANIES
OF THE CITY OF NEW YORK
105*111 SOUTH
FOURTH STREET
HANDLING
MERCANTILE ACCOUNTS.
....
Cental
Surplus ud Profits (tamed)
•
First National Bank
of
315
SAMUEL WOOLVERTON, President
ADRIAN ISBUN JR.. Vice-President
GEORGE E. LEWIS. Cashier .£
HOWELL T. M ANSON. Asst> Cashier
Philadelphia
CHESTNUT STREET
ACCOUNTS
INVITED
DIBXCT0M
Adrian Iselln Ir.
Frederic W. Stevens
Alexander H. Stevens
W. Emlen Rooseve
'iVr
-
M*UW
DYVICBBS
ESPECIALLY
FON
■■***+■
..
THE
THE CQUI PM ENT OF THE
FOURTH NATIONAL RANK
OF THE CITY OF NEW YORK
s-1..
'
PHILADELPHIA
ARRANGED
W:
■
■
8,000.000
,
f-':
Philadelphia
ST Pino Street. Now York
RUBL W. POOR, Preeidem
IAMBS MeOUTOfcEON. Vloo-Preo.
WILLIAM L. DOUGLASS. Cashier
ARTHUR W. SNOW. Asst. Cashier
Chase National Bank
J
,
88 Well Street
Chaa. A. Fsabodr
Samuel WoGiverton
Charles H. Tweed
'
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(VOL. LXXXXI.
THE CHRONICLE
n
-
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ntra&ees xntf §*»*»«¥* at 2gtnuign gsrfmngpe.
Coppell & Co., Kidder, Peabody & Co.,
I. P. MORGAN & CO. Maitland,
DOMESTIC AND FORElDN BANKERS
52 WILUAM STREET
NEW YORK
Corner of Broad
Wall Street
NEW YORK
D REXEL & CO*
PHILADELPHIA
Corner of 5th and Chestnut Streets
MORGAN, GRENFELL & CO- LONDON
HARJES~
BIRi of Exchange,
Lettcre
& CO* PARIS
Deposits reoelved subject to Draft
Securities bought and sold on Commlsalon
Interest allowed on Deposits
Cable Transfers
Circular Litters for Travelers available in all parts
of the world
Brown Brothers A Co.
Available
throughout the United States
No. 88 NASSAU STREET.
Members New York Stook Exchange.
Buyand sell first-class In- oom-1 nT/pcfm Pflr
mission. Receive aooouirtslu*C5Ullwm
sf Banks, Bankers, CorporaRons, Firms and Individuals DCCUritlCS
an favorable terms.
Collect
•
drafts drawn abroad on all points In the United
States and Canada: and drafts drawn in the United
States on foreign countries, including South Africa.
INTERNATIONAL CHEQUES.
CERTIFICATES OF DEPOSIT.
BROTHERS
A
00.
LTD
LONDON
J. & W.
Seligman & Co.,
BANKERS
NEW YORK
BANKERS.
Exch’s.
_
Correspondent, of
BASING
TRAVELERS’ LETTERS OF CREDIT
vestment Securities on
_
LETTERS OF CREDIT
August Belmont & Co.,
BOSTON.
Connected by Private Wire.
jg, Y., phila., Boston A Balt. Stock
Mmmm
Agents for the Bank of Australasia, the British
Guiana Bank, Demerara, etc., eto.
59 Wall Street
BROWN A SONS, BALTIMORE.
ALEX.
FOREIGN EXCHANGE.
London
Banco Nadonal do Mexico
And.Its Branches.
Foreign Exchange, Commercial Credits
NEW YORK.
of
STREET, NEW YORK
BANKERS
A Smiths Bank, Limited,
London,
Messrs. Mallet Frerei A Cle., Paris,
Union
BOSTON
Telegraphic Tranefere, INVESTMENT SECURITIES.
of Credit
on
81 Boulevard Haussmann
PHILA.
66 WALL
Orders executed for all Investment Securities.
Act as agents of Corporations and negotiate and
issue Loans.
No. n Old Broad Street
MORGAN,
116 DEVONSHIRE STREET,
Buy and Sell Investment Securities
Agents and Correspondents of the
Messrs. ROTHSCHILD.
London, Paris and Vienna.
Issue Letters of Credit for Travelers.
Available in all Parts ef the World
ISSUE LETTERS OF CREDIT
DRAW BILLS OF EXCHANGE AND MAU
TELEGRAPHIC TRANSFERS OF MONEY TO
EUROPE AND CALIFORNIA
for Travelers
_
Available in all parts of the world.
Draw Bills of Exchange and make Telegraphlo
Transfers to EUROPE. Cuba, and the
other West Indies, Mexico and California.
SeUgman Brothers, London
Seligman Frerei A Cle*, Porto
Execute orders for the purchase and sale of
Buy and sell Bills of Exchange
T
Aleberg,
Goldberg A Co., Amsterdam
Bonds and Stocks.
Letters and make cable transfers on all
The Anglo and London-Parle Notionm
^
points. Issue Commercial and
« •
Bank of San Praneisee, Cal,
Or
It Travelers’ Credits, available In
wt vl Cull all parts of the world.
d
BROWN, SHIPLEY ft CO., LONDON
Graham, Vaughan & Co.,
44 Pine Street, New York.
IRsdimnid&Ca
BANKERS
TMLER&CD
27 Pine Street. New York
BAHKER3
81-88 Fine Street, New York
MEMBERS NEW TORE STOCK EXCHANGE
6S4 Fifth Ave.. N. Y.
•07 Chestnut Street. Philadelphia.
Lawrence Turnure A Co.
INVESTMENT
Members of the New York Stook Exchange
Winslow, Lanier & Co.,
Cables “Mimosa."
Letters
Bankers
SECURITIES
i
BANKERS
INVESTMENT SECURITIES
64-66 Wall Street, New York
Deposits received subject to draft.
lowed
Interest al¬
on deposits.
Securities bought and sold on
commission. Travelers* credits, available through¬
out the United States, Cuba, Puerto Rico, Mexico.
Central America and Spain. Make collections In and
issue drafts and cable transfers on above countries.
London Bankers:—London Joint-Stock Bank,
Limited.
Paris Bankers:—Heine A Co.
69 CEDAR ITBBET
of Credit and Travelers’
available the world over.
Cheques,
Bills of Exchange and Cable Transfers.
Deposits reoelved
subject
Interest allowed
on
to obeque
deposits.
Members New York Stook Exohange.
Securities bought and sold on commission
Act
as
Fiscal Agents.
Dealers In High-Grade Investment Securities.
Lists upon applloatton.
NEW YORK
HEW YORK
Produce
BANKERS
Be posits Received Subject to Draft. Interest
Allowed on Deposits. Securities
Bought and Sold on
Commission.
Exchange Bank
BROADWAY. Corner BEAVER ST.
Capital
Surplus earned
-
-
$1,000,000
500,000
Foreign Exchange bought and sold.
Foreign Exchange, Letters of Credit
Graham &Co.
Cable
BANKERS
Transfers.
Commercial and Travelers’ Letters of
Credit available In all parts of the world.
485 Chestnut Street
ACCOUNTS INVITED
PHILADELPHIA
Kean, Taylor & Co.
HEIDELBACH, ICKELHEIMER & GO.
BANKERS
57 William Street.
BANKERS.
Government
Securities
and Municipal Bonds,
of
Railroads, Street
Railways and Gas companies
of established value.
MEMBERS N. Y. STOCK EXCHANGE.
80 FINE
Transact
a
8TREET, MEW TOES
Qeneral Foreign and Domestic
Banking Business
Dealers in Investment Securities
John Munroe & Co.,
R8W YORK
BOSTON
Execute orders for purchase and sale of
Stocks and Bonds.
Foreign Exchange Bought and Sold.
Commercial Credits,
Foreign Exohange „
Cable Transfers.
MONBOE ft
00., Paris
as
Financial Agents
Issue Foreign and Domestic Letters of
Credit and Travelers’ Cheque*
Issue Commercial and Travelers1 Credits
available in all parts of the world.
Schulz & Ruckgaber,
BANKERS.
IS William Street,
Members New
Mew York
Exchange.
Knauth, Nachod&Kiihne
BANKERS
....
York Stock
Correspondents of Messrs.
Letters of Credit for Travelers
Act
Entitling A Goschen, London.
John Berenberg-Gossler A Co., Hamburg.
Marcuard, Meyer-Borel A Cle., Paris.
Bremer Bank FUlale der Dresdner Bank,
Bremen.
Issue Commercial A Travelers’ Credits.
Buy and Sell Bills of Exchange.
Cable Transfers. A Investment Securities
NEW.YORK
LEIPSIG, GERMANY
Members New York Stook Exohange.
INVESTMENT
SECURITIES
THE CHRONICLE
Sot. 19 1910.]
ffatttutts.
Sauluvs.
gBattkexs.
Millett,Roe & Hagen
Lee, Higginson&Co.
BANKERS
Wm. A. Read & Co.
BOSTON
HIGGINSON A. CO.
Building*, Prince’* Street,
New York
Doalors In
Members New York, Chicago and Boston
Stook Exchanges.
HIGH-GRADE BONDS
Investment Securities
LONDON, E. C.
S3 Wall Street
BANKERS.
Chieago
Now York
I Bank
in
Members New York Stock
Excfcauge
Boston, 15 Congress Street
25 NASSAU STREET,
NEW YORK
BOSTON
Plympton, Gardiner&Co.
BALTIMORE
CHICAGO
N. W. HALSEY A CO..
LONDON
Banker*
Members New York and Chicago
Stock Exchanges
BONDS FOR INVESTMENT
Interest Allowed on
Conservative Investments
Fiscal Agents
Deposit Aooonnts
for Cities and Corporations
LISTS ON REQUEST
Rhoades&Company
27 William St.f New York
232 La Salle Street,
54 Old Broad Street,
LONDON, E. C.
CHICAGO
40
Wall Street, NEW YORK
Philadelphia
San Francisco
Chicago
BANKERS
45 WALL STREET, NEW YORK
George P. Butler & Bro.
NEW YORK
86 Wall Street
Trowbridge & Co.
Members N. Y. Stook Exohange
High-Grade Bonds
,
Municipal
State.
and
Railroad
RAILROAD AND OTHER
INVESTMENT SECURITIES.
BASKEBS
Members New York Stock
Exchange
Members New York Stook Exohange: Execute
Commission Orders; Deposits reoelved
draft.
Travelers' Checks
Available
Throughout the World
HARTFORD-96 Pearl Street
NEW HAVEN
NEW YORK
111
134 Orange St.
Broadway
Goldman, Sachs & Co.
BANKERS
CHICAGO
Blake Brothers & Co.
BOSTON
orders for purchase and
sale of
Stocks and Bonds
Bay and Sell Foreign Exchange.
CABLE ADDRESS, "COLDNESS”
BOSTON
Issue
NEW YORK CITY
49 WALL STREET. N. Y. CITY.
Members New York Stock Exchange.
COMMISSION BROKERS
I n Railroad,
Municipal and I ndustrial Security*
Inquiries and correspondence receive prompt and
and Travelers9
Letters of Credit
Commercial
courteous attention.
OFFICIAL QUOTATION SHEET WILL BE
REGULARLY ON REQUEST
SENT
Available In all parts of the world.
and other MUNICIPAL BONDS
MemMrs New York A Boston Stock Exchanges
Dominick Bros. & Co.
Execute
14 State Street,
COMMERCIAL PAPER
INVESTMENT SECURITIES
Tel. 6570-1-2 Hanover
Gable Address, Domino, N. Y.
Members of New York & Chicago Stook Exchanges
Dealers In
Draw Bills of Exchange and make Cable
Transfers to Europe, Asia, Australia, the
West Indies, Central and South Amerie and
Mexico.
Issue Letters of Credit for Travelers, avail¬
able in all parts of the world.
60 WALL STREET, NEW YORK
60 Exchange Place,
NEW YORK
H. B. HOLLINS & CO.
Cor. of Wall and Broad Sts., New York.
Letters of Credit and
Bond* said Stocks
for Investment
subject to
DEALERS IN
JfMMkiMfif
Securities
and
Commercial Paper
Wollenberger & Co.
BANKERS
Zimmermann & Forshay
BANKERS
Specialists In
Foreign Government Bonds
Correspondence Invited.
• and 11 Wall Street, New York.
BOISSEVAIN & CO.
266 La Sail* Street
Orders executed for stocks and bonds for invest¬
ment or on margin.
NEW YORK.
Members New York Stook Exchange.
Adolph Boissevain & Co.,
Amsterdam, Holland.
A GENERAL BANKING AND
STOCK EXCHANGE B USINBSS.
-
•
Member* New York Stock Exchange.
24 BROAD STREET.
CHICAGO
LEONARD H. HOLE
BIRD 8. COLES
Finip Exchange Bnght aid Said
W. N. COLER & CO.
Letters a! Credit Issaed
BANKERS
TRANSACT
Cable
Transfers
to
all
Parts of
the
World.
43 CEDAR ST.. NEW YORK
INVESTMENTS
BOND & GOODWIN
BANKERS
Corporation and Collateral Loans
Commercial Paper
also
INVESTMENT SECURITIES
CRAMP, MITCHELL & SHOBER
BANKERS
1411 Chestnut St.
Members New York and Phtla. Stock Exchanges
25 Congress St
BOSTON
111 Broadway
.NEW YORK
134 LaSalle St.
CHICAGO
BANKERS
fNew York Stook Exchange
Members {New
York Cotton Exohange
(Chicago Stock Exohange
New York Cotton.Exchange
INVESTMENT SECURITIES
Investment Securities
37-43 Wall Street, New York
*,
Members New York Stock Exchange
and Boston Stock Exchange.
Philadelphia
Shoemaker, Bates & Co.
500 Fifth Ave., New Yerk
I?
THE CHRONICLE
[VOL.
l«»lgv.
U3XXI.
dmdtsa.
DEUTSCHE BANK The Union Discount Co. BANK OF MONTREAL
(EstabUshad 1217)
BERLIN W
of London, Limited
CAPITAL paid in *
$14,400,900 09
Behrenstrasse t to IS
-
29 CORKHILL.
Tetegraphlo Address, Udlsoo. London.
CAPITAL
947,119.000 Capital Subscribed
Paid-Up
925.173.895 Reserve Fund—................
95=31 £1 STERLING.
1C. 200.000.000.
RESERVE
—
M. 105.720.104.
Dividends paid during laat ten years:
11. 11. 11. 11. 12. 12. 12. 12. 12. 12 H per cent
Brandies:
BREMEN. DRESDEN. FRANKFORT-O-M..
HAMBURG.
LBIPSIC.
MUNICH.
NUREMBURG, AUGSBURG.
WIESBADEN.
BRUSSELS. CONSTANTINOPLE
and the
UNDIVIDED PROFITS,
4.87.500.000
2.750.000
2,000.000
NOTICE IS HEREBY GIVEN that the
RATES OF INTEREST allowed for money on
deposit are as follows:
At Call, ZVx Per Cent.
At 2 to 7 Days* Notice, 399 Per Cent.
CHRISTOPHER R. NUGENT. Manager.
LONDON, X. O.
BANCO ALEMAN TRANSATLANTIC!)
• Threadneedle Street, London. England.
With Branches in all the Principal Cities and
Towns of England and Wales.
(Dentaehe Ueberaoefsebe Bank.)
Telegraphic Address: Cinnabar. London.
4 George Yard. Lombard St..
Head Office—Montreal
NEW YORK OFFICE.
The London City &
Midland Bank, Limited.
Deutsche Bank (Berlin) London Ageney
681,661 44
Rt. Hon. Lord Strathcona and Mount Royal,
Q. C. M. G.. G. C. V. O.—Honorary President
R. B. ANGUS. President.
Sir Edw. Clous ton, Bart.—V .-Pres, is Gen. Mgr
64 WALL STREET
The Company dlsoounts approved bank and
mercantile acceptances, receives money on de¬
posit at rates advertised from time to time, and
grants loans on approved negotiable securities.
i
12,006,000 09
REST,
R. Y. HEBDEN.
W. A. BOG.
J. T. MOL1NBUX
[Agents.
Buy and Sell Sterling and Continental Exchange
and Cable Transfers; grant Commercial and Trav¬
elers* Credits, available in any part of the world:
issue drafts efi and make collection* in ChlohC* *na
throughout the Dominion of Canada.
London Office, 47 Threadneedle SL. E. C.
F. WILLIAMS TAYLOR. Manager.
HEAD OFFICE
SUBSCRIBED CAPITAL
(97.148.000)
PAID-UP CAPITAL
(95357.000)
M. 90.000.000.
RESERVE FUND——
M.
6.827.000.
HEAD OFFICE
HEAD OFFICE MONTREAL
Rest
^ZadSjndlWded" Profits'IIIIIIII I^4!60l!?57
NEW YORK
Sir EDWARD H. HOLDEN. Bart..
Chairman and Managing Director.
BKHLIN
Kanonlerotrasae 29 to SO.
155 branches In the Provinces of Quebec, Ontario.
Manitoba. Saskatchewan. Alberta and British
etera* Credits available In any part of the world.
London Agents—The London Joint Stk.Bk.. Ltd.
Canadian Bonds
Branches:
ARGENTINA: Bahla-Blaaea. Buenos
Cotddba. Mendoza. Tucuman.
BOLIVIA: La Pas. Oruro.
Aires.
MUNICIPAL AND CORPORATION
CHILI:
WOOD, GUNDY & CO.
Berliner
Antofagasta, Conoepclon. Iaulque, Osorao.
Santiago. Temuoo, Valdivia. Valparaiso.
PERU: Arequlpa. Callao. Lima. Trujillo.
URUGUAY: Montevideo.
SPAIN: Barcelona, Madrid.
BiUt ssnt/or collection, negotiated
OFFICE, 69 and 65 Wall St.
ESTABLISHED 1696
SUBSCRIBED CAPITAL, $96,741,700
(91.925300) J PAID-UP CAPITAL, 19,946,187
RESERVE FUND, - 17,961,668
M. 22.500.000.
Merchants’ Bank of Canada
Handels-Gesellschaft,
46 Threadneedle St.,
6 King St.. W.,
TORONTO. CAN.
LONDON. ENQ.
BERLIN, W.,64
or
Behrenstrasse 92-99 and Fransoslashe-Straase 42
Drafte, cable-transfers and letter*
of credit feinted.
London Agents
DEUTSCHE BANK (BERLIN) LONDON AG*Y
GEORGE Y’D, LOMBARD ST.. LONDON. B.C.
Telegraphic Addreee—Handelechaft, Berlin.
Canadian Bonds Bought,
Sold and Appraised
ESTABLISHED 1856
W. Graham Browne & Co,
Direction der
Banking Transactions off Every Description
Disconto-Gesellschaft,
Capital, Reserve, -
ESTABLISHED 1851
-
-
-
-
X.
M.
HOMBURG
V.
34,600,000
d. H..
Swiss Bankverein
E. C..
Schweizeriseller Bankverein
58 CornhUl.
Bankverein
Suisse
Basle, Zurich, SL Gall, Swim
CAPITAL, fully paid,
-
M. 170,000.000.
M.
$40,476,200
Agencies at Rorschach, Chlasso and Herlsau
$14,307,764
-----
LONDON OFFICE, 43
60.092.611.
With the unlimited personal liability
Of the following partners:
A. SCHOELLER.
|
M. SCHINCKEL,
Dr. A. SALOMONSOHN.
E. RUSSELL.
F. URBIG.
Capital paid
Surplus
Brasilianische Bank
The
fUr Deutschland
CAPITALBranehes:
M. It 000.050 00
Head effloe: HAMBURG.
RIO DE JANEIRO. SAO
PAULO.
SANTOS. PORTO ALEGRE. BAHIA.
Bank fur Chile und
Deutschland
CAPITAI
M. 10.000300 00
HAMBURG. WITH BRANCHES IN CHILE
(BANCO DE CHILE Y ALEMAN I A), ANTOFA¬
GASTA. CONCEPCION. SANTIAGO. THMUCO.
25
up,
Lethbury, E. C.
Frs.75,000,000
Frs.22,500,000
.
National Discount
Company, Limited
CORNHILL.
-
-
-
-
Subscribed Capital
OIRE(
LL-
Hong Kong & Shanghai
BANKING CORPORATION
Paid-up Capital (Hong Kong Currency)....915,000,000
Reserve Fund/In Gold...815,000,0001.... 31,000,000
\In Silver.. 16,000,000/
Reserve Liabilities of Proprietor*
15 000.000
GRANT DRAFTS. ISSUE LETTERS OF CREDIT,
NEGOTIATE OR COLLECT BILLS PAYABLE IN
CHINA, JAPAN, PHILIPPINES. STRAITS SETTLE¬
MENTS, INDIA.
WADE GARD’NER. Agent. 36 Wall SL
W iener Bank
-
Verein
ESTABLISHED 1869
CAPITAL
(fully paid)
-
$28,342,600
-
(128.888.880 crowns)
-
-
-
(39.ee8.88d crowns)
$7,660,066
...821,166,625
4.233326 HEAD OFFICE VIENNA (AUSTRIA)
2300,000
Branches in Austria-Hungary
(85= £1 STERLING.)
Reserve Fond
..
NOTICE IS
HEREBY GIVEN that the
RATES OF INTEREST allowed for
money on
deposit are as follows:
from time to time
ana
specially agreed terms.
LONDON AGENTS:
Tel. Addreas, Voco.
Codes: Hartfleld’a Wall St.. W. U. a Lleber.
Paid-up Capital
At Call, 314 P«r Cent Per Annum.
At 2 to 7 or 14 Days* Notice, 394 Per Cent,
ALE-.
Approved bank and mercantile bills discounted.
Money received on deposit at rates advertised
BOLIVIANA), LA PA*
Place American Investments in Europe
LONDON, E. C. RESERVE FUNDS
Cable Address—Natdls: London.
VALDIVIA,
VALPARAISO. VICTORIA;
X BOLIVIA (BANCO DE CHILE Y AND$
g^IA^ SECCION
VAN OSS & CO.
THE HAGUE, HOLLAND
POTSDAM. WIESBADEN,
LONDON.
foreign.
110,000,000
BERLIN W.. 48-44 Behrenstrasse
BREMEN. FRANKFORT-o-M.. MAINZ.
HOCHST-O-M..
MONTREAL
for fixed periods upon
Loans granted on approved negotiable securities
PHILIP HAROLD WADE. Manager.
Agram, Aussig a-E., Bielitz-Biela,
Brunn, Budapest, Carlsbad, Czernowita, Friedek-Mistek, Graz, Innsbruck
Klagenfurt, Krakau, Lemberg, Marienbad, Meran, Pilsen, Prag, Przemysl,
Prossnitz, St. Polten, Tarnow, Teplitz,
Teschen, Villach, Wr. Neusfcadt.
Branch in
Turkey
Constantinople
Not. 19 1910.]
THE CHRONICLE
Canadian.
T
9*ttfe*vs.
THE CANADIAN BANK
OF COMMERCE
B&AD OFFICE. TORONTO
PAID-UP CAPITAL
$10,000,000
$.000,000
SURPLUS
Mackay & Co..
-
—
NEW YORE OFFICE:
No«. 16 AND 19 EXCHANGE PLACE
Wm. Gray and C. D. Mackintosh. Agents
■
Bay and Sell Sterling sod Continental Ex¬
change and Cable Transfers, Commercial and
Traveler's Credits. Collections made at all points.
Banking and Exchange business of every desonptton transacted with Canada.
Edward Sweet & Co
Members N. T. Stock Exchange
Bankers & Brokers
34 PINE STREET
LONDON OFFICE—2 Lombard Street. E.O
Members of tbe New York
Stock Exchange. Dealers in
High-Grade Bonds and other
Investment Securities. In¬
terest allowed on deposits.
NEW YORK
BANKERS IN GREAT BRITAIN.
National
Sie Bank of England.
Bank of Scotland,
ie
BANKERS
ovd's Bank. Limited.
Union of London and Smith’s Bank. Limited.
City Bank Building
55 Wall Street
ESTABLISHED 1804
NEW YORK
The Bank of
British North America
Established in 1816
Incorporated by Royal Charter In 1640
Pald-np Capital
Reserve Fond
ESTABROOK & CO.
$1,000,090 Starting
£6904100 Sterling
Head Offloe:
9 Graoechurch Street. London. E.O.
New York Office: 62 Wall Street.
H. M. J. MCMICHAEL.lAgents.
W. T. OLIVER.
J
Buy and sell Sterling and Continental Exchange
and Cable Transfers.
Grant Commercial and
Travelers’ Credits, available In any part of the
world, issue Drafts on and make OoUaotlens
In all parts of the United States and Canada.
BANKERS
Members New York and Boston
Stock Exchanges
WE OFFER
15 State Streets
BOSTON
HEW YORK
24 Broad Street.
BALTIMORE
J. J. REED.
Vice-President.
President.
A. H. B. MACKENZIE, Manager.
HON. LIONEL G. GUEST. Seo’y-Treasurer.
DIRECTORS
ALFRED BAUMGARTEN. C. R. HOSMER
Capt. D. C. NEWTON (Montreal)
H. ROBERTSON
C. B. GORDON
MOKTnEAl.
Banker* and Investment Dealers
Proven
CHICAGO
C. Meredith & Co., Limited
CHA». MEREDITH.
Eteetrio Light, Power and Street
Railway Enterprises with records
of established
earnings
INVESTMENT SECURITIES
HARTFORD
But Brokers aid Financial Agsats
WE FINANCE
Public
EUCTHC I0KI l SURE Cl.
R. L. DAY & CO.
37 Wall St.
35
(PaM-Up Capital and Surplus, $4,900,000)
71 BROADWAY
NEW YORK
Congress St.
NEW YORK
BOSTON
HI SB-(BADE INVESTMENT BONIS
Nunlolptl and Railroad
WIUUMP.BONBRIRHTt COMPANY
Members New York and
Boston Stock Exchanges
BANKERS
Membere of the New York Stock Exchange
Colorado Springs
COLORADO
Canadian
Investment Securities
Utility Securities
Correspondence Solicited
Tuoker, Anthony & Co.
24 Brand Stmot
NEW YORK
London
ENGLAND
Electric Power Securities
BANKERS ft BROKER!
coanjsapoNDMNcm soucitsd
DOMINION SECURITIES
CORPORATION, LIMITED
Toronto
Montreal
56 BTATB ST.,
BOSTON
94 BROAD 41W
NRW JTQBM
NEW BMBWOBB
NORWICH
Members Boston and New York Stock
Exckanges.
London, Eng.
LIMITED
Trustees-Transfer Agents
BOND DEPARTMENT
Canadian Corporation Bonds
MONTREAL
CANADA
HANSON BROS.
Dealers tg
Canadian Investment Securities
9094 tor m skwlgr giving d*eU»
MONTREAL
-
New York
HIGH-GRADE
INVESTMENT SECURITIES
35
Congress St, BOSTON
BERTRON, 6RISC0M
l JEHUS
Alfred Mestre&Co
BANKERS
BANKERS
Land Title Bedding.
40 Wall Street.
PHILADELPHIA.
NEW YORK.
INVESTMENT SECURITIES
No. 20 Nassau Street,
Investment Saourltlaa
INVESTMENT TRUST CO.
81. lames Street
BANKERS
Mmkcn of N0» York stock Bxcheum
HUNT A CUSHMAN
THE
SIMON BORG & CO.,
H. AMY & CO.
BANKERS.
44 and 46 Wall
Street, New York
INVESTMENT SECURITIES
Bids of Bxdmnga.
*
Letters of Credit.
Members of the New York
Stock Exchange.
Dealers
in
Municipal, Railroad and
Equipment Bonds.
Interest allowed on deposits
Subject to Draft.
37 Wall St.
190 B. 18th M.
raw YOBK
PHILADELPHIA
THE CHRONICLE
VI
lVoi>. LXXXXI.
Hanluev* a«£ Mvakevs autsi&t |tetw V$otk.
LOUISVILLE.
PITTSBURGH.
We Buy and Sell
J. J. B. HILLIARD & SON
INVESTMENT BONDS
LOUISVILLE. KY.
(NO STOCKS)
BANKERS AND BROKER8
J. S.&W.S. KUHN
INVESTMENT BONDS
STREET RAILWAY SECURITIES
A Specialty
Incorporated
of
Pittsburgh, Pa.
James S. Kahn.
L. L. M’Clelland,
President.
Seo. A Trees.
PAID-UP CAPITAL. $800.000
CHILDS & CHILDS
Members
New York and Pittsburgh Stock Exchanges
and Chicago Board of Trade
INVESTMENT
SAN FRANCISCO.
LOUISVILLE, KY
J. C. WILSON
INVESTMENT SECURITIES
Bankers and Brokers
STOCKS AND BONDS
NASHVILLE.
South.rn
and Stocks
WILLIAM
STOCK AND BOND BROKERS
a South Third Street.
PHILADELPHIA
E.
a co.
THE ROBINSON - HUMPHREY CO.
SECURITIES
Philadelphia. Pa.
-
MONTGOMERY.
B. W.
Strassburger
SOUTHERN INVESTMENT SECURITIES
AND BROKERS
BALTIMORE
COLSTON, BOYCE & CO
BIRMINGHAM, ALA.
Members Baltimore Stock Exchange
Otto Marx & Co.
INVESTMENT BONDS
SOUTHERN SECURITIES
BROKERS
BIRMINGHAM. ALABAMA.
PROVIDENCE.
STOCKS AND BONDS
Richardson & Clark
STOCKS AND BONDS
OFFICES:
BIRMINGHAM, \
MONTGOMERYJ
ALABAMA
25
Exchange Street, Providence, R. I.
Bonds, Stocks and Local Securities.
Private wires to Boston, Philadelphia
and New York
INVESTMENT BONDS
COLORADO SECURITIES
PASADENA
Merchants* Exch. Bldg,
San Francisco.
H. W. Heilman Bldg
Los Angeles.
FIELDING J. STILSON CO.
INVESTMENT SECURITIES
MEMBERS
LOS
ANGELES STOCK EXCHANGE
LOS ANGELES.
BUFFALO.
—
^-rri-i-i-rwiiiiijinArin
JOHN T. STEELE
BUFFALO, N. Y.
Government, Municipal
and Corporation Bonds
SPECIALISTS IN
Buffalo and Western New York Securities
ALBANY, N.Y.
PETER J. CALLAN
INVESTMENT BANKER
Local, Listed and Unlisted
STOCKS AND BONDS
REAL ESTATE
MEMPHIS.
NEW JERSEY.
DENVER, COL
CALVIN BULLOCK
4^% TO 6%
LOS ANGELES
MONTGOMERY, ALA.
Established 1892.
MEYER & GOLDMAN
TO YIELD
BONDS
PHILADELPHIA
NORFOLK. VA.
Municipal and Corporation Bonds
Legal Bonds
ATLANTA, GA.
AND
Established 1887
BARROLL & CO.
BONDS
BANKERS
SAN FRANCISCO
ATLANTA, OEOBGIA
E. B. JONES 6, CO.
NORFOLK, VA.
Specialty
Correspondence Invited
CALIFORNIA
HILLYER TRUST CO.
Capital and Surplus, - - - $300,000
BANKERS
a
LOS ANGELES
YIELDING A\i% TO 5H%
Specialists in
MOTTU & CO.
Issues
BUSH
SOUTHERN
MUNICIPAL BONDS
Philadelphia.
Building,
CORPORATION
WILLIAM R. STAATS CO.
Chestnut and Third Sts..
Morris
PUBLIC
AND
California
ATLANTA.
proposed Investments.
INACTIVE
411 Chestnut St..
James H. Adams & Co.
AUGUSTA, GA.
Investments receive our special attention.
In¬
formation cheerfully furnished regarding present
HUNTOON
LOS ANGELES.
BONDS
Offerings of Southern Bonds
Wm. G. Hopper & Co.
A
Soeurltl*.
SAN FRANCISCO
Member The Stock and Bond Exchange
WANTED
W. G. HOPPER,
H. S. HOPPER.
Members of Philadelphia Stock Exchange.
REED
Invite Requests for Information
MUNICIPAL
PHILADELPHIA.
f PHILADELPIA STOCK EXCHANGE
MEMBERS! NEW YORK STOCK EXCHANGE
l .CHICAGO BOARD OF TRADE
PACIFIC COAST SECURITIES
BROKER
PITTSBURGH
j. w. SPARKS
Wakefield, Garthwaite & Co.
AUGUSTA. OA
Members Pittsburgh Stock Exchange.
MUNICIPAL AND CORPORATION BONDS
PITTSBURGH SECURITIES
or
LOS ANGELES
Branch. Coronado Hotel, Coronado Beach.
Correspondents,
Harris. Wlnthrop & Co.. New York ft Chicago
1st Nat. Bank Bldg..
JOHN W. DICKEY
HOLMES, WARDROP &. CO.
holdings
TENN.
AUGUSTA.
&. McCONNEL
Building.
SAN 7RAN01S0O
We
on
Members Pittsburgh Stock Exchange
Commonwealth Bldg.
PITTSBURGH. PA.
Union Bank
IStock and Bond Exchange, S. F.
Private Wire to Chicago and New York.
THOS. PLATER & CO.
PITTSBURGH SECURITIES
BALLARD
MEMBER!Chicago Board of Trade.
HENRY S. FRAZER
Local Stocks and Bonds
NEW YORK
Singer Bldg.
Information Furnished
ana
(New York Stock Exchange.
NASHVILLE.
INVESTMENT SECURITIES
Quotations
BONDS
STOCKS AND BONDS
INVESTMENT SECURITIES
Taylor & Company
«nd
Municipal and Corporation
PACIFIC COAST SECURITIES A SPECIALTY
PITTSBUBGH, PA.
PITTSBUBOH
PHILADELPHIA
NEW YORK.
John W. & D. S. Green
SECURITIES.
368 fourth Ave.
MORRIS BROTHERS
PORTLAND
Correspondents: WALKER BROS., 71 B’way. N. Y.
Union Bank Building.
H. P.
PORTLAND, ORE.
EDWIN R. CASE
NEW
JERSEY
No better State
SECURITIES
No better Securities
18 EXCHANGE PLACE
Tele. 168 and T81
JERSEY CITY
JNO. L. NORTON
Local Stocks and Bonds.
86 Madison Avenue,
MEMPHIS.
TENN.
Not. 1ft
THE CHRONICLE
1910.]
f«fc.
|sttbm and Stvfcett
CHICAGO.
""
— ■
nrnr-ri.nnmi-i-1
-
ST
■
CLEVELAND.
LOUIS.
*****************
hwomwwwwowxmmo
FRED. S. BORTON
T. E. BORTON
R. O. ENWRIGHT
GREENEBAUM SONS
$100,000
BANKERS
National Enameling & Stamping Co.
Corner Clark and Randolph Streets*
Chicago.
High-Grade Investment Securities.
Chicago First Mortgages and Bonds for
Issue Letters of Credit for travelers,
all parts of the World.
sale.
available In
General Domestic and Foreign BanklngBuslness.
Correspondence Solicited.
Sena/or our latest lists of Securities.
Sanford F. Harris & Co.
MVESTME NT SECURITIES
THE
TO
BORTON
Refunding First Mtge Real Estate 5s
STOCKS AND BONDS
Due June 1, 1920.
Interest payable June and December.
OF CLEVELAND AND NORTHERN OHIO
MEMBERS CLEVELAND STOCK EXCHANGE
This Issue of $3,500,000 00 bonds Is a first
mortgage on property and plants valued In excess
of $8,000,000 00.
The net earnings of the Company extending
GUARDIAN BUILDING
period of nine years since Its organisation
averaged $1,219,649 09 per annum, or
approximately Four times the Interest and
sinking fund requirements.
The mortgage provides that the liquid assets
of the Company shall at all times be of an amount
at least equal to the aggregate debts of the
Company. Including the outstanding bonds of
over a
have
Hayden, Miller & Co.
Investment Bonds
this Issue.
Price and
particular
on
application
INDIANAPOLIS.
A. G. EDWARDS ft SONS
Joseph T. Elliott & Son*
One Wall Street
Investment Securities
In St. Louis at 410 Olive Street.
A. O.
Slaughter 5c Co.,
BANKERS ft BROKERS
189 MONROE STREET.
CHICAGO,
ILL.
Membere Indianapolis
Chicago Stodc Exchange,
Chicago Board of Trade,
St. Louis Merchants’ Exchange.
Allerton, Greene ft King
THE ROOKERY. CHICAOO
RAILROAD, MUNICIPAL AND
WHITAKER
ft CO.
*n
High Grade
1 WILL BUY AND SELL
INDIANA TRACTION SECURITIES
Missouri & Illinois
Municipal Bonds
tgttjgiwcexs.
To net 4to 5%
Grcular
on
J. G. WHITE & CO.
application
300 N. FOURTH ST.
-
Engineers! Contractors
ST. LOUIS
43-49 Exchange
Chicago, Ills.
William R.
(INCORPORATED.)
S. W. Cor. Monroe ft La Salle Sts.. Chicago.
KANSAS CITY* M0.
H.
Compton Co
Bldg.
CHICAGO
Electric Railways, Electric Light
Designed and Built
J. 6. WHITE A CO., Limited,
t Cloak Lane. Cannon St.. B. C.
DEALT nr
C. G. YOUNG
Engineering and Construction
Issues.
CINCINNATI.
,
WEIL, ROTH & CO
SAINT PAUL
Twin City Rapid Transit 5s. 1928
Minnesota Transfer Ry. St, ISIS
St. Paul Gas Light Co. 2s, 1244
City of St. Paul 4 Hi
Twin City Telephone Co. 1st 8s
Correspondence Invited
on
all Northwestern Securities
MINNEAPOLIS. MINN.
MUNICIPAL ft CORPORATION BONDS
Twin City Rapid Transit System Bonds
Minneapolis National Bank Stocks
CHICAGO
H. U. WALLACE
Examinations, Reports, Surveys, Supervision of
FRIEDLANDER
MAINE
Ohas. H. Payson Geo. S. Pavson Herbert Pay son
-
-
OHIO
ALBERT P. MILLER Jr.
High Class 6% Bonds
50% Stock Bonus
Write far particulars
JOHN
A.
BURGESS
Member Rochester Stock Exchange
104-105 Wilder Bldg.
Gas, Electric Lighting & Railway
Bonds and Stocks
ROCHESTER. N. Y.
Marquette Bldg.
CHICAOO ILL.
Associated
Engineers Co.
Examinations, Reports Construction, Operation
irrigation Enterprises a Specialty
il? Century
Building
A.
REGISTER ft CO.
DENVER. COLO.
ISsta Dished 1889.
L.
SiMOMMn to Pepper * R.(liter
ENGINEERS & GENERAL CONTRACTORS
US North Broad Street
BODELL ft
ninnnnnnmvuvruvtn
Railroads,
Sdmond C. Van West
Robert McF. Debit
Thomas L. Wilkinson
PROVIDENCE.
-
ROCHESTER, N. Y.
CINCINNATI.
fbovxdbnob, a. i.
Local Securities
-
of Electric and Steam
Power Plants, Transmission lines j
Central Stations and Irrigation projects, ftc.
Ex-Supt. Illinois Central RR.; Chief mngtnfgf
Illinois Central RR.: and Gen’l Manager Chloago
Lake Shore ft South Bend Electric Railway.
construction and operation
EDGAR
Established 1854
PORTLAND
ENGINEER
CINCINNATI
INDUSTRIAL TRUST CO. BUILDINQ
Investment Securities
NEW YORK
,
for Investment
PORTLAND, MAINE
H. M. PAYS0N & CO.
n
Reports for Financing
Mem. Am. Soc. C. B.
Cincinnati Securities
WELLS & DICKEY & CO
WALL ST**
High-Grade Bonds
DEALER IN
MINNEAPOLIS.
SIXTY
Plans* Methods* Operation
Pnblio Utilities and Industrials
Dealers In
Edwin White & Co.
Msk Savings Bank Bldg., St. Paul
and Power
London Correspondents:
CIRCULARS AND LIST ON APPLICATION
Kansas City Ry. A Light
Western Municipals.
Local Securities.
.
Plants, Gas Plants, Financed,
INVESTMENT 00.
KANSAS CITY. MO
San Francisco, Cal.
Investigations and Reports on Electric
Qas, Electric Light and Power
Properties. Irrigation Systems, ftc.. for
Financial Institutions and Investors.
MUNICIPAL
and other
HIGH-CLASS BONDS
MeCRUM
Place, NEW YORK
Railway
205 LaSalle St.
ST. LOUIS
COMMERCIAL PAPER
W.
Mehta .-Laclede
INDIANAPOLIS
Fletcher Bank Bldg..
Application
A. G. Becker & Co.,
INDIANAPOL
NEWTON TODD
CORPORATION BONDS
XM
Stook Exchange
American Nat. Bank Bldg..
New York Stodc Exchange,
New York Cotton Exchange.
New York Coffee Exchange,
Membersi {New York Produce Exchange.
CLEVELAND. OHIO
Citl sens’ Building,
ROOKERT
CHICAGO
BORTON
&
INVESTMENT SECURITIES
LISTED AND UNLISTED
CO.
808 TO 802 BANIQAN BUILDINQ
PROVIDENCE
Philadelphia.
mining gottnun.
H. M. CHANCE
Consulting Mining Engineer and Otologist
Bonds and Preferred v Stocks
of Proven Value.
GOAL AND MINERAL PROPEBTHB
Examined, Developed, Managed
587 Drexd Bldg..
PHILADELPHIA. PA
mi
THE CHRONICLE
(Voi*. ijxxxxi
gan&exs and E«0tu«s.
ERVIN & COMPANY
A. B. Leach & Co,
BANKERS
BANKERS
I H.t. Yrt Steak
Xzckug%
{Phils, elphia 8toek Exchange.
—
149 Broadway, HEW YORK
BONDS FOR INVESTMENT.
140 Dearborn Street, CHICAGO
Drexel
38 State Street, BOSTON
PARKINSON & BURR
Cr I. HUDSON & CO.
YORK.
Undivided Profits
Assets
Dash in Vaults - -
•
-
32,900,684 60
8,661,379 19
HEAD OFFICE—HAVAHA
Branches
$4 GALIANO ST.. HAVANA.
225 MONTE ST., HAVANA.
PRODUCE EXCHANGE. HAVANA
CARD BN AS.
MATANZAS.
CIENFUEGOS.
MANZANILLO,
GUANTANAMO.
SANTA CLARA.
PINAR DEL RIO.
CAMAJUANI.
OIEGO DE AVILA.
Collections
7 Wall Street
NEW YORK
j $6,266,922 21
-
SANTIAGO.
CA1BARIEN.
SAGUA
LA GRANDS)
CAMAGUEY,
SANCTi SPIRITUS.
CRUCES.
HOLGUIN.
NEW YORK AGENCY-—! WALL ST.
BANKERS
EOS. 84-86 WALL ST., NEW
Capital, Surplua and
Bonding, Philadelphia.
Long Distance Telephone No. L. D. 107.
Chestnut A 4th 8L, PHILADELPHIA
NATIONAL BANK
OF CUBA
53 State Street
BOSTON
a
Specialty.
Sole Depositary for the Funds of the Republic el
Member American Bankers' Association
■•abort New York and Chicago Stock
Exchange*
750 Main Street
HARTFORD
TELEPHONE 1070 JOHN.
Cable Address—Banoonao
Miscellaneous Securities
E. W. CLARK & CO.
in all Markets
BANK
PHILADELPHIA
391 Chestnut St.
Thomas L. Manson&Co.
Members Phlla. and New York Stock Exchangee.
Interest allowed on deposits.
LSl
N„w York Correspondent.
STOCK BBOKBBS
George P. Schmidt
Members N.
Y. and
Frederlo Gallatin Jr.
Albert R. Gallatin
Boston Stock Exchangee.
100 Broadway,
-
NEW YORK
J. Prentice Kellogg
William A. Larned
Chas. H. Blair Jr.
CARLOS DE ZALDO. President
JOSE I. DE LA CAMARA. Vice-President
John 8. Gardin 1
▲Ivin W. KrechlNew York Committee
Jama H. Post J
Acts as Cuban correspondent ef American
banks and transacts a general banking basinets
SCHMIDT & GALLATIN
Tel. 2500 Sector
Capital, $1,000,000
Members N. Y. Stock Exchange
Private Wires to Boston. Hartford. New
and Philadelphia
111
Haven!
Broadway
LADD
NEW YORK CITY
& TILTON
PORTLAND
M. KIDDER & CO.
A
Telephone: 3155 Rector
Chas.
BANKERS
5 NASSAU STREET. NEW YORK.
BstahHsbed 1865
MEMBERS OP N. Y. STOCK EXCHANGE.
deposits subject to sight check.
Allow Interest on
Buy and sell on commission stocks and bonds, and
We maintain
an OUTSIDE SECURITIES DE¬
PARTMENT which deals particularly in the
Dividend-Paying Stocks of Railroad Supply
Companies.
GUARANTEED STOP EE
Campbell & Co.
11 WALL STREET. NEW YORK
Members New York Stook Exchange
Securities
McCURDY,
Edwin P. Campbell
James G. MaoLean
HENDERSON & COMPANY
24 NASSAU STREET
MEMBERS N. Y, STOOK EXCHANGE
Bought A Sold on Commission
William Herbert & Co.
Transact
Norman S. Walker Jr.
John Y. G. Walker
WALKER BROS.
71 BROADWAY. N. Y.
NEW YORK
JOHN H. DAVIS & CO.
INVESTMEMT
BANKERS AND BROKERS.
No. 10 WALL STREET.
Members N. Y. and Phila. Stock Exchanges
J. S. Farlee.
1910
Jas. B.
HARTFORD. CONN.
BONDS
OMh orders only in stocks accepted
W. H. Goadby & Co.
Bankers and Broken
SO, T4 BROADWAY,
SEW YORK
SECURITIES
11 WALL ST.. N. Y.
D. H. Schmidt & Co.
Members
Investment
Bonds.
22 Wall Street. New York City.
Members of New York Stock Exchange
interest
paid on Time Deposits and Savings Accounts.
Accounts of Banks, Firms, Corporatftoae and ladTvl
solicited. We are prepared to furnish depot!tar,
every facility cooelstaat with good banking.
Effingham Lawrence & Co.
Members N. Y. Stock Exchange
BAN KEB8
III BROADWAY, NEW YORK
DEALERS IN
Bonda and Guar*nt##d Stook*
Orders Executed In all Markets.
Simpson, Pearce & Co.
111 BROADWAY
New
York
Btoek Exchange.
WILLIAM
STREET
NEW
OTTO JULIUS MERKEL
BROKER
44 AND 4f WALL STREET. NEW YORK
INVESTMENT SECURITIES
Oonewondenoe Invited
Jucjcoutttawt
P. O. BOX 27. MAIN OFFICE.
WASHINGTON. D. C.
Investment Seourltles
SV
NEW YOBK
W. S. Tarbell.
Brokers and Dealers In
IHVBSTMBHT
Colgate & Co.
VICKERS A PHELPS
H. L. Finch.
J. S. FARLEE & CO.
M W«l Stmt. New York.
Hamban
H. Y. Btoek Ex.
OFFICERS.
W. M. Ladd, President.
R. S. Howard Jr.. Asst. Gash
B. Cooktagham, VePre*. J. W. Ladd. Asst. Cashier.
W. H. Dunckley, Cash.
Walter M. Cook. Aset. Cash,
SECURITIES
MEMBERS NEW YORK STOCK EXCHANGE.
Interest Allowed on Deposits Subject to Checks
1859
Capital Fully Paid - - - $1,000,000
Surplus and Undivided Profits $600,000
4490-1-2-6-4 Rector
Orders for Stocks and Bonds executed upon al>
INVESTMENT SECURITIES.
OREGON
Established 1659
Mambas New York Stock Exchange
Members N. Y. Stock Exchange
Exchanges In this country and Europe.
Especial attention given to supplying hlgh-clatt
■
BANK
Ex. Norton
Hanover Bank Building
-
General Banking and Stock
Exchange Easiness.
a
MEMBERS N. ¥• STOCK EXCHANGE
11 PINE STREET,
Jones &, Co.
20 Broad Street, New York
RAILROAD BONDS
H. G.
.
Cable: “Orientment.”
Municipal. Railroad and Corporation Bonds
deal In
Henry G. Campbell
HAVANA
76 CUBA STREET
BANKERS,
WIRES TO PRINCIPAL CITIES
PRIVATE
OF
YORK.
E. & C. RANDOLPH
Members New York Stock Exchange.
Ill Broadway. New York.
Open Market Securities Department
HORACE HATCH. Manager.
Dealers to Investment and Other Seourltles of the
United States and Canada
OFFICIAL ORGAN OF THE ASSOCIATION OF
AMERICAN GOVERNMENT ACCOUNTANTS.
A MONTHLY MAGAZINE OF INTEREST TO
ACCOUNTING AND FINANCIAL OFFICERS
OF MUNICIPALITIES, BANKS. RAILWAYS
AND OTHER PUBLIC SERVICE CORPORA¬
TIONS.
TO BE FOUND IN ALL LEADING CERTIFIED
PUBLIC ACCOUNTANTS* OFFICES.
8ampte Copy 16 cants. Per Annum $1 50
IX
THE CHRONICLE
191910.]
not.
ffinrcent
good Jnqtttrtes.
WANTED
Peoria Water=Wks. Cons. 4s & 5s
Chic. Sub. Water & Light Co. 5s
York-Haven Water Power Co. 5s
Mich. Lake Sup. Power Co. 5s
London & Chicago Contract Stk
Omaha Water Co. 5s & Stock
Leadville (Colo.) Water Co. 4s
New Hamp. El. Ry. Pref. & Com.
WANTED
Akron (Ohio) Water Co. 5s. 1919.
Alfred Light & Power 1st 5s.
Alton Water Co. 4Ms. 1930.
American Power ft Light Com. & Pfd.
American Thread Co. 1st 4s, 1919.
Anniston (Ala.) Water Co. 4s
Atlantic Shore Line Ry. Co. 1st 4s ft 5s.
Atlas Portland Cement Co. 6s, 1925.
Buffalo & Lake Erie Traction Co. 5s. 1936.
Boise-Payette River Electric
Power Co. 6s,
1921.
Boston Electric Light Co. 5s. 1924.
Buffalo ft Lackawanna Traction Co. 5s.
Buffalo Lock port ft Rochester 5s, 1954, or
Receipts.
Buffalo & Susquehanna Pfd.
Buffalo ft Susquehanna 4 Ms, 1953.
Butte Electric ft Power Co. Com.
Butte (Mont.) Water Co. 5s. 1921.
Brockville Westport ft Northwestern
5s. 1923.
Chicago Suburban Water & Light Co. 5s, 1949.
Cincinnati Bluffton ft Chicago 1st Mtge.
Receipts.
Clinton (Iowa) Water Works Co. 5s, 1939.
Cleveland Painesville ft Ashtabula 5s. 1922.
Consolidated Rubber Tire Co. Deb. 4s. 1951.
Cripple Creek Central Ry. Bonds ft Stocks.
Danville Urbana ft Champaign Railway Co.
5s. 1923.
Denver-Union Water Co. 1st 5s, 1914. ft Stock
Detroit Edison Co. 1st 5s. 1933.
Duluth Superior Traction Co. Com. & Pfd.
Durham (N. C.) Light ft Power Co. 1st 5s,
1924.
Eastport (Me.) Water Co. 1st 5s. 1918.
Fresno (Cal.) City Water Co. 1st 5s, 1946.
Qlens Falls Gas & Electric Co. 1st 5s. 1919.
Haverstraw Water Co. 1st 5s.
Helena (Mont.) Water Works Co. 4s, 1928.
Michigan Lake Superior Power Co. Receipts.
N. H. Electric Railway Co. Com. ft Pfd.
New York State Railways Co. Pfd.
Omaha Water Co. Consol. 5s, 1916.
Omaha Water Co. 1st ft 2d Pfd. Stocks.
Pere Marquette Railway Com. & Pfd.
Rensselaer Water Co. 1st 4Ms. 1922, & Stock
Southern Indiana 1st 4s, 1951.
Raton Water-Works Co. 5s
Council Bluffs Water-Wks. Co. 6s
Qlens Falls Gas & Elect. Co. 5s
H
WANTED
Atlanta Northern 5s. 1954
4s, 1931.
Susquehanna Bioomsburg & Berwick 5s, 1952.
Western Power Com. & Pfd.
Wheeling Traction Co. 1st 5s, 1931.
Worcester Railways & Investment Co. Stock.
York Haven Water & Power Co. 5s, 1951.
.
Youngstown & Southern 5s. 1923
St. Louis Rocky Mtn. & Pac. 5s. 1955
Pere Marquette Common & Preferred
H.artford
E. Investment
Sec’s. Preferred
ft Preferred
Carpet Common
Regal Shoe Preferred
Pope Mfg; Common *
'
Waltham Watch Common ft Preferred
FOR SALE
Page Woven Wire Fence 5s, 1922
Indiana Columbus & East. Tract, 5s 1926
Lincoln (Neb.) Gas ft Elect. Lt. 6s. 1941
Detroit Port Huron Shore Line 5s, 1951
Butte Water Co. 6s. 1921
Buffalo & Susquehanna 1st 4s. 1951
ticularly interested.
Pope Mfg. Preferred
Hood Rubber Preferred
Springfield Fire ft Marine Ins. Co
C. H. FARNHAM,
27 Stato
HOTCHKIN & CO.
Street,
BOUGHT AND SOLD
SPECIALISTS IN INACTIVE SECURITIES
Stock Exchange Bldg., Boston
Telephone Main 3448
Cable Address “Unlisted”
United Rys. of St. Louis 4s
Onion E*. Lt.ft P. Oo. of 3t.L. 1st 5s
Canton, O., Electric 5s, 1937
Canton, O., Preferred Stock
Telephone &
Telegraph Co. Stock
Cumberland
Onion El. Lt.ft P. Oo. of St. L. Ref. 5f
Laclede Gas Oo. of St. Louis 1st 6s
Elgin ft Chicago 5s, 1946
Lighting Co. 6s
Aurora
Seattle
Laclede Gas Oo. of St. Lonis Ref. 5s
Kan. 0. Ry.ft Lt. 5s ft Underly. See’s
Duluth Edison Elec. Pref. Stock
.
Boston
27 State Street
Superior (Wis.) Water, Light & Power Co.
BOSTON.
& Co.
Specialists In Inactive Bonds.
I make a specialty of all classes of inactive securities, particularly
Water Company and Gas & Electric Company bonds and stocks.
Inquiries
are solicited from banks, banking houses and investors on such classes of secur¬
ities which are for sale and upon which it is desired to realize.
The above
list gives some idea of the diversity of the securities in which I am par¬
Tel. Main 3343
C. Pplller
DEALT IN BY
H. L. NASON & CO.
Sh
GOULDING MARK
Broker
NASHVILLE,
Leadville (Colo.) Water Co. 4s
Ontario Power 5s
Helena (Mont.) Water 4s Receipts
St. Joseph (Mo.) Gas 5s
Elmira Water, Lt. ft Ry.
34 PINE STREET. NEW YORK
Telephone 8089 John
Pittsburg ‘
Commonwealth Pr
And
Power 43^s
Constituent'Companies'
W.E. HUTTON &CO.
New York
Sutton,
Strother & Co.,
Calvert and German Streets
INVESTMENT SECURITIES
BALTIMORE
74 BROADWAY
McCOY & COMPANY
La Sail# Street, Chloafo
•
-
■
NEW YORK
GEO. B. EDWARDS
Tribune Building, 154 Nassau Street,
relephone 4218 Beekman,
NEW YORK. N.
V
t
egotiations,investigations. Settlement*
In
181
27 William St.. N.
or
oufrof New York City
Satisfactory References
Y
WANTED
Grand Rapids Ry. Co. 1st M. 5% Bonds, due 1916
OFFER
St. Joseph Railway. Light. Heat^ft Power Co.
1st Mortgage 5% Bonds. 1937.v
Private wires to Cincinnati. Chicago, San
Francisco and Los Angeles
Municipal and
Corporation Bords
WOLFF & STAN LEY
DENVER, COLO.
WEBB & CO.
Member* New York Stock Exchange
Established 1886
Fonda Johnst. ft Gloversv. 434s, 1952
N. O. Great Northern 5s, 1955
Missouri Pacific 5% Equipments
Buffalo & Susquehanna Equipments
Hudson ft Manhattan Equipments
JAMES N. WRIGHT & CO
Detroit, Michigan.
Power 6s
71 Broadway
NEW YORK CITT
Nevada-Californla Power Co. bonds and stock
Denver ft N. W. Ry. 6s and stock
Northern States Power Co.
Denver Gas ft Electric 5s
Northern Idaho ft Montana Power Co.
Ry & Lt
WM. HUGHES CLARKE
Birmingham Railway Light &
HENNING & CO.
Tel. 6557 Broad
Stocks and Bonds
Birmingham Railway Light &
C
LOUISVILLE. KY.
Railway Equipment Issues
YORK
WE WISH TO BUY
-
S
116 So. 6tb St..
FREEMAN & COMPANY
NEW
Washington
25 Broad Street.
ALL LOUISVILLE LOCAL 8ECURITIKI
West Jersey & Seashore 4s, 1936
So. Ry., Memphis Div. 6s, 1996
St. L. IronMt. & So. Gen. 5s, 1931
St. Paul & Duluth 2nd 5s, 1917
Application
BANKERS
Philadelphia
Memphis 8treet Railway
1st 5s
W. MASON & CO
F
Lawrence Barnum & Co
STREET.
Union Railway, Gas ft Electric
Portland Railway, Light ft Powai
Dayton Lighting 5s ft Common
New Hamp. El Rys. Com. ft Pref.
BONDS
Liata Mailed Upon
PINE
FRANCIS, BRO. & CO.
214 North 4th Street ST. LOUIS
TENN
-
Selected tor OoneerratiTe Investor*.
27-29
Building,
Bank
(ESTABLISHED 1677)
-
MUNICIPAL
") 4%
RAILROAD
> TO
CORPORATION ) 6%
wmut
BOSTON, MASS.
Members of Baltimore Stock Exchange
New York State Railways, common
Mohawk Valley Oo.
Stocks and Scrip.
MALCOLM STUART
60 Broadway.
NEW YORK
Telephone:
155 Rector
THE CHRONICLE
[VOL.
LXXXXI.
envtzut gxnxjft %nqnMts.
Baltimore
Chesapeake & Atlantic 5s, 1934
Marquette Houghton & Ontonagon 6s, 1925
United Electric Co. of N. J.
Toledo Terminal. Railroad 434s, 1957
Fort Street Union Depot 434$» 1941
St. Louis Troy & Eastern 5s* 1924
Peoria Railway Terminal 4s, 1937
Harriman & Northeastern 6a, 1916
Des Moines & Fort Dodge 4s* 1935
New Orleans Terminal
4s, 1953
Great Northern of Canada 4s
Gull &
First Mtge. 4s, due 1949
BOUGHT AND SOLD
This company serves a
population
of about
cities of
Newark, Jersey City*
Hoboken, Elizabeth, Bayonne, the
Oranges and Montclair.
G. W. Walker & Co.
Ship. Island 5s,
1952
Chicago & Alton 3s, 1949
AND ALL OTHER ST 'AM RAILROAD
SECURITIES DEALT
F. J* USMAN &
r«L 100 Bread.
BROAD
STREET,
Land Title A Trust Go.
30 Pearl
95 Bread St,9 Nmm 7«ft
ROCK ISLAND, FRISCO TERM.
IN
1st
5s, due Jan., 1927
0LKV. GOL. GIN A ST. LOUIS
Cons. 6s, due Jan., 1934
INDIANAPOLIS A ST. LOUIS
1st 7k, due July, 1919
COMPANY,
SPECIALISTS IN STEAM RAILROAD
SECURITIES
Members N. Y« Stock Exchange
30
1,000,000, including the
NEW
SUTRO BROS. & CO.
YORK
Building, PHILADELPHIA
BANKERS
44 PINE STREET. NEW
YORK
Members New York Stock
Street, HARTFORD
Exchange.
WANTED
LIBBEY ASTRUTHERS
Allegheny Valley 4s
Beech Greek First 4s
Pine Greek First 6s
Schuylkill River East Side 4s
MELLOR & PETRY
104 S* Filth Street
Richmond'Washington
Co. 4s
West. N. T. A Pa. 1st Mtge.
5s
Choctaw Okla. A Gulf Cons. 5s
Norfolk A Western Equip. 4s
Pennsylvania Gen. Frt. Equip. 4s
New Haven 6s
Central Pacific 3J^s
Cin. Rich. & Ft. Wayne 7s
Houston & Texas Cent. 4s
Exchange
Philadelphia
Syracuse Rapid Transit 1st 5s
Lehigh Coal A Nav. Coll. Tr. 4^s
Manufacturers Water Go. 1st 5s
Milwaukee L. Sh. & West. 6s
N. Y. Lackawanna & West. 6s
We Offer
300
400 Chestnut Street. Philadelphia.
55 Cedar Street
NEW YORK
Gettysburg A Harrisburg 5s
Members
New York and. Philadelphia Stock
Robt.G lend inning & Co,
SHARES
WANTED
NATIONAL FUEL GAS
SOUTHWESTERN
OF GEORGIA
5% GUARANTEED STOCK
J
H.
HILSMAN
& CO.
EMPIRE BUILD1NQ. ATLANTA. QA.
T. W. STEPHENS & 00 FREDERIC H. HATCH & CO.
New York
BANKERS
2 WALL
Long Island Unified 4s
0. G. G. & St. L., Cairo Div.
Interest allowed
FERRIS a WHITE,
Tel.
6827-8 Hanover
STREET. HEW TORS.
INVESTMENT BONDS
4s
Gol. A Southern 1st 4s
on
accounts of
Individuals and Corporations
S7 WaU St.. N. Y.
WE WANT TO BUY
Somerset Coal 5s
Ontario Power 5s
Johnson Co. 6s
Missouri River Power 6s
N. Y. Ontario & Western Ref. 4s
Cuban Government Internal 5s
J. H. BECKER A CO.
Tel. 685 Rectdr
80
Broadway. New York
WE TRADE IN
Allentown (Pa.) Gas Co. 6s, A .& O., 1924
Atlanta (Qa.) Gas Light Co. 5s. J. A D., 1947
Chester County (Pa.) Gas Co. 5s. J. & D.. 1925
Harrisburg (Pa.) Gas Co. 5s, F. « A.. 1928
Kansas City (Mo.) Gas Co. 5s, A. & 0.. 1922
Peoria Gas A Elect. Co. 5s. J. &
1928
Scranton (Pa.) Elect. Co. 5s, J. AJv
J.. 1937
Syracuse (N. Y.) Gas Co. 5s, J. & J., 1946
Syracuse (N.Y.) Lighting Co. 5s. J. A D., 1951
Syracuse (N.Y.) Light A Power 5s. J. A J., 1954
Rochester (N.Y.) Ry. A Lt. Co. 6s. JA1,1954
$25,000
West End Trust Bldg., Phlla., Pa.
Members of the Philadelphia Stock
Exchange
Niagara Lockport & Ontario
Telephones. /Bell-Spruce 21-81.
I Keystone-Race 205
Power Co.
First
Mtge. 6% Sink. Fund Gold Bonds
due November 1st 1954.
Price 90 ft int.
Chesapeake & Ohio Gen. Fund
Improvement 5s
Yielding 6.60%.
January and July, 1929
Exempt from taxation In New York State
GEORGE L. WARE
63 State
BURGESS, LANG
Y0RKPrt,*“
HKW
34 Pine Street
Street, BOSTON, MASS.
A CO.
BOSTON
50 State Street
BLAKE A REEVES
Tel. 1504 John
Telephone 8417-8-9 John
Telephone Main 084
W
Baker, Ayling & Company
BOSTON
PhlhMphi.
PrevMenee
Union Traction Co. of Indiana First 5s, 1919
Susquehanna Blooms burg & Berwick RR. Stock
SAM U ELK. PHILLIPS &. CO.
421 Chestnut St.
Members of
Philadelphia
NOTES
CURTIS A SANGER
Boston
Pingree, McKinney & Co.
8
Congress Street,
Boston.
Philadelphia Stock Exchange.
Baltimore A Ohio 4 Us, 1913
Interborough R. T. Go. 6s, 1911
Westinghouse El. A Mfg. 6s, 1913
Members N.T
34 Pine Street. New York
Public Utility
BONDS
WANTED
Indianapolis Trac. & Terminal First 5s, 1983
Susquehanna Bloomsb. & Berwick 1st 5s. 1952
BONDS
;
50 Congress Street
Private telephone between New York and Boston
REED A. MORGAN & CO..
We otter
■Fairmont Coal 5s
Boston
SO Broad Street
Boston* Chicago Stock BMliMnn
48 Wall Street
NEW YORK
Chicago
We desire
tax
offerings of free of
bonds
in
the
State
of
Pennsylvania
WURTS, DULLES A CO.
US 8. FOURTH ST..
PHILADELPHIA
Telephone Lombard lOte-iOdr
a
Nov. 19
xi
THE CHRONICLE
1910.]
%uqnlvits.
Vnmttt
INVESTMENTS
Virginia Iron Coal ft Coke let 5s, 1949
Schenectady Ry. 1st 4 Ms, 1941
Mexican Internat. 1st 4s, 1977 (stamped)
Newark Meadows Impt. lst4M% income bonds
Railroad Securities 4s. 1952
Houston & Texas Central 1st 5s, 1937
19th Ward Bank Stock
American Graphophone Co. Preferred Stock
Hudson Companies Preferred Stock
Automatic Electric Co. Stock
American Gas ft Electric Co. Preferred Stock
abot^i
RAILROAD BONDS
4.45%
Chicago Milwaukee & St. Paul Debenture 4s, due 1934__
Interborough Rapid Transit Mortgage 5s, due 1952
4.90
SHORT-TERM NOTES
4.80
Baltimore & Ohio Secured 4 Ms, due 1913—
Southern Railway Three-Year 5s,.due 1918
5.40
EQUIPMENT BONDS
RAILROAD
4.80
Chicago Rock Island & Pacific Equipment 4 Ms, Various maturities
Seaboard Air Line Equipment 5s, Various maturities
4.90
INDUSTRIAL BONDS
Gude.Winmill
&€o«
BANKERS
20 BBOAD STREET, N.
California Gas & Electric Unlf. ft Ref. 5s, due 1937.
General Rubber Company Gtd. Debenture 4 Ms, due
Y.
Send
Telephone 445-6-7 Rector
28 Nassau Street, New
Public Service
S American
American Express
Snuff
■
R. M. Stinson & Co.
North American Bldg..
PHILADELPHIA
Members Philadelphia Stock Exchange
Keystone Race 499
’Phones Bell Walnut 2290
Texaa A Oklahoma 1st is. 1943
Schwarzsctuid & Sulzberger 6s, 1916
Alfred Light & Power 5s, 1935
Wilkes-Barre & Hazleton 5s, 1951
Fairmont Coal 5s, 1932
Chicago Subway 5s. 1928
O’Gara Coal & Coke 5s, 1955
General Motors Common Stock
U. S. Motors Stock
We buy or sell all unlisted and Inactive
securities having a marketable value.
Corporation
BONDS
Cable Address.
Mo. Kansas & Texas 1st Ext. 5s, 1944
New Amsterdam Gas 5s, 1948
Central Union Gas 5s, 1927
Tri-City Ry. A Ltg. 6s, 1923
Conn. Ry.A Ltg. 4>4s stamped, 1951
T. C. A I., Birin. Div. 6s, 1917
2nd Ave Cons. 5s, 1948, Tr. Co. Ctfs.
PATERSON Sc GO.,
20 Braid Sf.. N. Y
TM. 1986-6-7 Rector
MEGARGEL & CO.
FOR SALE
BANKERS
Evansville & Indianapolis
NEW YORK
5 Nassau Street
Louisv. A Nashville Gen. 6s, 1930
Mo. Kan. A Texas Ext. 5s, 1944
Choc. Okla. A Gulf Gen. 5s, 1919
Choc. Okla. A Gulf Cons. 5s, 1952
EYER & COMPANY
Tel. TT50 1-2-3 Hanover
The greatest gold camp in the world
Learn about it before the rush
Write us to-day for information
N. O. Mobile A Chic. Bond
Scrip
88 Broad Street.
-
Exchange •
New York.
Equipment Bonds and Car Trusts
DOUGLAS FENWICK & C0.
Swartwout &
84 WALL St
Tel. John 109
Appenzeltar
j
JostpbUlalKerSSotis
MembersNewYork Stock Exchange.
|
20 Broad
American Light A Tract. Co. Stocks
Pacific Gas A Electric Co. Stocks
Tri-City Ry. Light Co. Stocks
International Nickel Go. Common
Federal Light A Tract. Co. Stocks
BOUGHT AND SOLD
NEW YORK.
OFFER
Chicago Indiana A Southern 4s
Ogdensb. A Lake Champlain 4s
Florida Central A Peninsula Cons. 5s
St. L. Iron Mtn. A Southern 5s
Kansas City Southern 5s
8t.. N
N.Y.
MORRIS BUILDING. PHILADELPHIA.
Telephones,Bell-Spruce 3782. Keystone,Race 430.
Q. K. B. WADE
Tel. 6744 Hanover
49 Wall 8treet
HOLDERS OF
Hampton Roads Traction 4J6$
COMMUNICATE WITH
Philadelphia
119 S. Fourth St.
Members Phnudelphte Stock Exchange
WANTED
Cellnoid
Company Stock
Ltg. Stock
V
W. E. R. SMITH & C0.v
v
New York
SO Broad Street
Central Pacific Thru Short Line 4s
Kansas & Colorado Pacific 6s
Balt. & Ohio, Middle Division 334s
Detroit A Mackinac 4s
Charleston & West Carolina 5s
Western N. Y. & Pennsylvania
5s
Mexican Central 4s, 1911
Seaboard Air Line 5s, 1911
Ches. A Ohio, Coal River
It Jk
St. Paul A Duluth 4s, 1968
(Seaboard, Atlanta-Birmingham
„
COADY,
86 Broad
Tel. 5775-6 Broad.
Coffin ft Company
ff Central Indiana 4s
K. Klee. Jr. ft Co.
Somerset Union & Middle.
LAM ARCHE ft
Private wire to Philadelphia.
|
.1
’Phones 7460 to 7466 Hanover. 33 Wall St..
Fidelity-Phenix Insurance Co. Stock
New York.
St.
have GOOD MARKETS In unlisted "and
inactive securities and respectfully Invite inquiries.
Bankers
NEW YORK CITY
44 Pino Street
Wetts Fargo Express
Whitman ft Barnes Mfg.
George B. Atlee & Co.
BANKERS
Members N. Y. Stock Exchange
East Tenn. Va. & Georgia Div. 5s. 1930
Kansas City Southern 5s. 1950
N. Y. Cent.—Mich. Cent. coll. 3Ms. 1998
Mohawk & Malone 4a 1994
New Haven Deb. 4s. 1966
Duluth ft Iron Range 1st 5s. 1937
Edison Elec. Ilium, of Brooklyn 4s. 1939
N. Y. Lake Erie ft Western 7s. 1920
Northern Ohio 1st 6s. 1945
Wis. Central, Superior & Duluth 4s. 1936
N. Y. Susa, ft Western Ref. 5s. 1937
Singer
?rM3ty Ry. ft Light Common
underwood Typewriter Preferred
Investment Bonds
WARREN, GZOWSKI & CO.
Members Toronto Stock
26
200
50
SO
SO
We
Railroad and Other
PORCUPINE
Alabama State 4s, 1920-1956
New Orl. Mobile A Chicago 6s
ii i,7et*,Bc^'?/upt^,S!rgCon,raon
Manufacturing
Edward V. Kane ft C®.
The highest authorities declare
NEW YORK
1
15 Phelps, Dodge ft CO.
85 Prudential Lw Insurance
6s, March 1923
84 Pino Street
NEW YORK
NEW HAVEN. CT.
*88
WANTED
1926
GILMAN &, CLUCAS
1st Nat. Bank Bldg.,
Chemung CdfiaJ Trust
Fajardo Sugar
Herrin g-Hall-MarviU
Hudson ft Manhattan Common
100 International Silver Preferred
16
200
50
100
Decatur Ry. A Light 5s, Dec. 1933
Danville Urbana A ChampaignmRy.
Cons. Mtge. 6s, due
Missouri Pacific Cons. 6s, 1920
ST Wall Street
J. M. Rice, Jr. & Co. Will Sell
100 Adanfs Express
100 American Chicle Common
Municipal, Railroad and
60 BROADWAY. N. Y.
PRIVATE WIRE TO ST. LOUIS
33 Lombard St., London, E. 0
6th Ave. A 43d St., New York
MEMBERS N. T. STOCK EXCHANGE
~
York
Branch Offices
NEWBORG & CO.,
“NEWROSB"
5.90
Average income over 5%
for Circular No. R-7, descriptive of the above securities.
Guaranty ofTrust
Company
New York
(New) Gen. 4s, 1987
Lake Sh. A Mich. So. Deb. 4s, 1928-31
Oregon Short Line Ref. 4s, 1929
Terminal Assn, of St. Louis 4s, 1953
Reading General 4s, 1997
American Ice Sec. Deb. 6s, 1925
Chic. & N. W.
Telephone 4690 Rector.
..8.50
1915
& Potts Ck. 4s
:
Long Island General 4s
Central Vermont 4s
Wabash 1st Lien Terminal 4s
WERNER BROS, ft GOLDSCHMIDT
4sJ(>
26 Bmm(- StMrt,
N. T.
XU
THE CHRONICLE
[VOL.
gtuanjctal*
LXXXX1.
financial.
OFFICE OF THE
ATLANTIC MUTUAL INSURANCE COMPANY.
New
Adrian H. Muller & Son,
AUCTIONEERS.
York. January 21st, 1810.
The Trustees, in conformity with the Charter
of the Company, submit the following statement of its
affairs
on the 31s* of December, 1808.
Premiums on Marine Risks from 1st January, 1809, to 31st December,
1809...... ..$3,759,391 25
Premiums on Policies not marked ofl 1st January, 1909
717,712 70
Total Marine Premiums..
$4,477,103 95
Premiums marked off from 1st January, 1909, to 31st December, 1909—....
Interest received during: the year
Rent less Taxes and Expenses
EVERY WEDNESDAY
145,679 82
$467,726 28
Office. No. 55 WILLIAM STREET.
Corner Pine Street.
$829,378 19
1,149,459 56 $1,978,837 75
Losses occurred, estimated and paid In 1909
Salvages
$249,891 07
235,520 48
...
Re-lnsuranoes.
485,411 55
31,493,426
Returns of Premiums
newspapers, advertisements, etc
„
ASSETS.
United States & State of New York
Stock, City, Bank and other Se¬
curities
$5,461,042 00
Special deposits In Banks ATrustCos. 1,000,000 00
Real Estate cor. Wall & WllllamSts.,
A Exchange Place.$4,299,426 04
Other Real Estate A
claims due the com¬
pany
75,000 00
BONDS
LIABILITIES.
...
239,948 04
633,405 13
A" lMUM
A. H. Bickmore & Co.,
....
1,213,069 68
...
NATIONAL LIGHT,
HEAT A POWER COMPANY
$356,913 94
Estimated Losses and Losses Un¬
settled
$2,393,297 00
Premiums on Unterminated Risks.
685,546 90
Certificates of Profits and Interest
Unpaid
263,468 95
Return Premiums Unpaid
120.569 42
Certificates of Profits Ordered Re¬
deemed. Withheld for Unpaid
Premiums
22.353 49
Certificates of Profits Outstand¬
ing
7.404,890 00
Real Estate Reserve Fund....
370,000 00
4,374,426 04
Premium notes mid Bills Receivable
Cash In the hands of European
Bankers to pay losses under poli¬
cies payable In foreign countries.
20
$60,285 14
Expenses, including officers’ salaries and clerks’ compensation, stationery,
Aggregating..........
STOCKS and BONDS
$3,791,557 05
were estimated in 1908
and previous years
Cash in Bank
OF
$322,046 46
—
Losses paid during the year which
Less
Regular Weekly Sales
BANKERS
30 Pino
Strtit,
Ntw Yarfe
THE AMERICAN MFG. CO
...$12,921,890 89
Aggregating
$11,260,125 76
A dividend of Interest of Six per cent on the
outstanding certificates of profits will be paid to the
holders thereof, or their legal representatives, on and
after
The outstanding certificates of the Issue of 1904 will beTuesday-the first of February next.
redeemed and paid to the holders thereof,
or their legal representatives, on and after
Tuesday the first of February next, from which date all
Interest thereon will cease.
The certificates to be produced at the time of payment and canceled.
A dividend of Forty per cent is declared on the net earned
premiums of the Company for the year
ending 31st December. JT909, which are entitled to participate In
dividend, for which, upon appli¬
cation. certificates wit} .be Issued on and after Tuesday the.third of
May next.
MANILA, SISAL AND JUTE
CORDAGE
,
By order of the Board.
*
Q. STANTON FL0YD-JQNES, Secretary.
TRUSTEES. ■
CLEMENT A. GRISCOM, :
DALLAS B. PRATT,
ANSON W. HARD.
GEORGE W. OUINTARD.
LEWIS CASS LEDYARD,
A. A. RAVEN,
CHARLES D. LEVERICH.
JOHN J. RIKER.
LEANDER N. LOVELL.
DOUGLAS ROBINSON,
GEORGE H. MACY,
GUSTAV H. SCHWAB.
65 Wall Street,
New York
.
FRANCIS M. BACON,
WALDRON P. BROWN,
VERNON H. BROWN.
JOHN N. BEACH.
JOHN CLAFLIN.
GEORGE G. CLARK,
^
CLEVELAND H.DODGE.
CORNELIUS ELDERTi
^
RICHARD H. EWART.
PHILIP A. S. FRANKLIN.
HERBERT L. GRIGGS.
•
CHARLES H. MARSHALL.
NICHOLAS F. PALMER.
HENRY PARISH,
ADOLF
PAVENSTEDT.
Established 1864
WILLIAM SLOANE.
Fidelity, Phoenix, Home,
Niagara, Continental, &o,
ISAAC STERN.
WILLIAM A. STREET.
GEORGE E. TURNURE.
CHARLES M. PRATT,
r
A. A. RAVEN, President.
CORNELIUS ELDERTi Vice-President.
SANFORD E. COBB, $d Vice-President.
CHARLES E. FAY, 3d Vice-President.
JOHN H. JONES STEWART. 4th Vice-President.
Telephone 2817 Rector
INSURANCE STOCKS
BOUGHT AND SOLD
66
E. S. BAI LEY
BROADWAY
NEW YORK
C. B. Van
Nostrand
«« WALL STBMMT
Trust
Company
of America
STREET,
37-43 WALL
COLONIAL BRANCH,
222
INDUSTRIALS
NEW YORK.
LONDON OFFICE,
Broadway, Now York.
Bank and Trust
95 Grotham St.
CAPITAL AND SURPLUS $8,000,000
Company Stocks
NBW YORK AND BROOKLYN
BOUOHT AND SOLD
CLINTON
GILBERT
i WALL ST., NEW YORK
Invites accounts of individuals firms and
corporations.
Pays interest
daily balances.
description
on
Executes trusts of every
LYBRAND,
ROSS BROS &
MONTGOMERY
Certified Publlo Aeeountante
MELLON NATIONAL BANK
'
.
(
.
.
*
As your reserve
depositary, this
bank offers you perfect service and
liberal interest
on
your
balances.
•f>L
’
CAPITAL AND
s
•
SURPLUS,
f-:
NEW
YORK,
165
Broadway.
PHILADELPHIA,
PITTSBURGH,
PITTSBURGH, PA.
}
(Pennsylvania)
CHICAGO,
Land Title Bldg.
Union Bank Bldg.
First National Bank Bldg.
JAMES PARK &. CO.
CERTIFIED PUBLIC ACCOUNTANTS
New York, Chicago, Cincinnati{ and
London, England.
;V>:
$7,000,000
AUDITORS
FOR
FINANCIAL
INSTITU¬
TIONS. INDUSTRIAL AND
MINING COMPANIES
Investigations. Financial Statements
Pertndleal Audita and Accounting.
Not. l#
THE CHRONICLE
181ft]
xin
Statements.
gtttatxjctal.
REPORT OF THE CONDITION OF
[No. 290.)
REPORT OF THE CONDITION OF
The Fourth National Bank
at New York City, in the State of New York, at the
close of business November 10, 1910:
RESOURCES.
toxtizms Central
fjjtadtiimal gauk
at
l[«tw pencil
990 BBOADWAT
Edwin S. Schenck, President
Francis M. Bacon Jr., Vice-President
Albion K. Chapman, Cashier
Jesse M. Smith, Asst. Cashier
James McAllister, Asst. Cashier
W. M. Haines, Asst. Cashier
Loans and discounts
on
147 51
1,000,000
1,000
26,390
816,484
2,643,733
U. S. bonds
Bonds, securities, Ac
Banking house, furniture and fixtures..
Due from national banks (not reserve
agents)
Due from State and private banks and
bankers, trust companies and savings
216,028
99,292
5,873,099
50,000
Exchanges for Clearing House
Notes of other national banks.
Fractional paper currency, nickels and
cents
Lawful money reserve in bank, viz.:
Specie
Legal-tender notes
00
00
06
25
60
1,312,919 62
banks
Checks and other cash Items
83
04
97
00
31 70
$5,132,030 00
2,100,000 00
7,232,030 00
Redemption fund with U. S. Treasurer
(5 per cent of circulation)
50,000 00
80,000 00
Due from U. S. Treasurer.
Total
$45,213,364 66
LIABILITIES.
Capital
•
$2,550,000
Surplus and Profits $1,700,000
Capital stock paid in
Surplus fund
Undivided profits, less expenses
taxes
at New York, in the
business November
.$25,812,207 08
Overdrafts, secured and unsecured
U, S. bonds to secure circulation
U. S. bonds to secure U. S. deposits
Premiums
The Hanover National Bank
of the City of New York
$5,000,000 00
5,000,000 00
and
635,008 01
989,700 00
3,228 00
paid
National banknotes outstanding
Dividends unpaid
Due to other national
banks
$14,165,630 17
Due to State and private
banks and bankers
2,028,764 55
Due to trust companies
and savings banks
3,992,438 41
Individual deposits sub¬
State of New York, at the eloee of
10th, 1910:
RESOURCES.
Loans and discounts
Overdrafts
U. S. bonds to
U. S. bonds to
secure
secure
$51,348,315 53
2,866 03
Stone & Webster
14T Milk Street.
BOSTON
First Nad. Bank Bids
• Nassau Street
CHICAGO
■BW YORK
We offer for Investment
Securities of
Public Service Corporations
the management
of our organisation
to
yield
5% to
9,780,930 54
posit
Accepted checks
Cashier's checks outstand¬
ing
4,427 31
2,874,732 95
Banking house
Due from other national hanks
Due from State banks and bankers
Cheeks and other eash Items
Exchanges for Clearing House
describing these companies will be sent
upon request.
33,534,049 79
1,000 00
50,378 86
$45,213,364 $6
York, as.:
I, DANIEL J. ROGERS, Cashier of the above-named
bank, do solemnly swear that the above statement is
true to the best of my knowledge and belief.
Total
State of New York, County of New
DANIEL J. ROGERS, Cashier.
Subscribed and sworn to before me this 15th day
of
November, 1910.
CHAS. C. SEIFERT, Notary Public.
Correct—Attest:
JAMES G. CANNON.)
WM. S. OPDYKE,
[Directors.
T. F. MANVILLE,
J
$112,024,385 97
LIABILITIES.
Capital stock, paid in
$3,000,000 00
Surplus fund.....
11,500,000 00
Undivided profits, less expenses and
taxes paid
569,932 65
National bank notes outstanding
1,584,197 50
Dividends unpaid
2,294 00
Individual deposits subJect to check
$21,325,724 35
Demand certificates of de¬
posit
17,571 61
Certified checks
16,537,031 84J
Cashier’s checks outstand¬
F. WM. KRAFT
LAWYER
Specializing In Examination of
CHICAGO, ILL.
10th, 1910:
2,204
775,000
1,000
570,538
994,627
247,624
BONDS
00 STATE STREET, BOSTON
90 PINE STREET, NEW YOBML
STATE, CITY A RAILROAD BOVD8
circulation)
26
00
00
34
78
27
Jan. 29,
1910 l
Will pay 20 cents a copy.
Commercial A Financial Chronicle
188 Vtont St.,
New Yoifc
—
38,750 00
64,000 00
LIABILITIES.
Capital stock paid In
Surplus fund
Undivided profits, less expenses
$3,000,000 00
723,805
50,530
769,300
3,817
14
33
00
00
Demand certificates of de¬
posit
Banking house, furniture and fixtures.
23,376 54
180,861 84
494.099 87
1,000 00
$8,267,767
1,039
240,000
10,000
81,400
<650,000
17
29
09
00
00
00
688,769 46
.819,213,124 73
State of New York, County of New York, as.:
I, EMIL KLEIN, CashleDjot the above-named bank,
do solemnly swear that th{f Ttbcrve statement Is true
to the best of my knowledge and belief.
EMIL KLEIN, Cashier.
Subscribed and sworn to before me this 15th day
of November, 1910.
*§ ALBERT B. CORY,
Correct—Attest:
Notary Public.
WILLIS G. NASH,)
E. T. JEFFERY, [Directors.
J
169,632
54,774
595,747
27.391
76
71
05
00
2,104,877 92
Redemption fund with U. 8. Treasurer
(5% of circulation)
12,000 00
Due from U. S. Treasurer
33,430 76
$12,836,820 22
Total.
LIABILITIES
Capital stock paid In
Surplus fund
Undivided profits, less expenses
taxes paid
National banknotes outstanding
1. $1,000,000 00
1,000,000 00
and
749,125 18
203,500 00
Due to other national banks
Due to State and private banks and
bankers
Due to trust companies and savings
banks
Dividends unpaid
r
Individual deposits subject to check
Demand certificates of deposit
Certified cheeks
1,043,319 42
Cashier’s checks outstanding.
United States deposits
Reserved for taxes...
Liabilities other than those above stated.
19,88156
1.000 00
-
rw.--
D. S. RAMSAY,
_
—-
7,376,388 50
Certified checks
Cashier's checks outstand¬
Overdrafts, secured and unsecured
U. S. bonds to secure circulation
U. S. bonds to secure U. S. deposits
Bonds, securities, Ac
2,000,000 00
and
Reserved for taxes
National banknotes outstanding
Dividends unpaid
Due to other national
banks
$2,268,030 63
Due to State banks and
bankers
420,918 01
Due to trust companies
and savings banks
1,900,996 87
Individual deposits sub¬
ject to check
RESOURCES.
Loans and discounts
Exchanges for Clearing House
Notes of other national banks.
Lawful money reserve in bank, viz.:
Specie
$1,441,162 02
Legal-tender notes
663,715 00
(5% of
$19,213,124 73
PS
THE MARKET AND FULTON
NATIONAL BANK
banks
Cheeks and other cash items
920,000 00
with
Total
Total
REPORT OF THE CONDITION OF
banks and
bankers, trust companies and savings
12,665,672 26
Chronicle issue
Subscribed and sworn to before me this fourteenth
day of November, 1910.
WM. J. CARTER, Notary Public.
New York County.
Due from State and private
3,906,630 82
ing
WANTED
$112,024,386 97
New York, ss.:
I, ELMER E. WHITTAKER, Cashier of the Hano¬
ver National Bank of the City of New York, do solemnly
swear that the above statement Is true to the best of
my knowledge and belief.
ELMER E. WHITTAKER, Cashier.
agents)
2^255,508 60
Due from U. S. Treasurer,
other than 5% redemp¬
tion fund
U. S. deposits
}
Total
Due from national banks (not reserve
taxes paid
BLODGET & CO.
53,890,375 96
159,235 05
265,000 00
York, in the State of New York, at the close of
business November 10, 1910:
581,914 39
U. S. Treasurer
25
at New
Clearing
Specie
Legal-tender notes
Redemption fund
60
State of New York, County of
.$12,715,499 26
Overdrafts, secured and unsecured
U. 8. bonds to secure circulation
U. S. bonds to secure U. S. deposits
Bonds, securities, Ac
Due from national banks.
Due from State banks and bankers
Cheeks and other cash
items
$46,457 83
for
m
[No. 964.)
RESOURCES.
Municipal and Corporation Bondi
ISIS FIRST NATIONAL BANK BLDO..
3,173,024 01 S»
41.053,351 81
■
11
Correct—Attest:
'
WILLIAM WOODWARD,)
ELIJAH P. SMITH,
[Directors.
WILLIAM BARBOUR,
J
THE MERCANTILE NATIONAL
BANK
House
1,398.72
Total
REPORT OF THE CONDITION OF
Exchanges
28,705 00
Specie
12,494,900 00
7,069,881 00
Legal-tender notes
Redemption fund with U. S. Treasurer..
82,250 00
Due from U. S. Treasurer (other than
5% fund)
£41,000 00
U. 8. deposits...
Bonds borrowed
687.10586
Loans and discounts
22,563,852 67
Notes of other national banks
Nickels and pennies
ing
OF THE CITY OF NEW YORK
Our Manual
1,965,525 01
124,477 71
Due to other national
banks
$27,649,002
Due to State banks and
bankers
11,294,006
Due to trust companies
and savings banks
14,947,367
United States deposits.
Reserved for taxes....
At the close of business November
150,000 00
82,250 00
7,524,995 33
5,343,000 00
1,600,969 97
Bonds, securities, Ac...
...
ject to check
Demand certificates of de¬
1,600,000 00
circulation
U. S. deposits
U. S. bonds on hand
194,241 78
990,390 88
M
318 00
7;433,758 31
2,517 79
162,408 57
19,750 00
16,608 73
$12,836,820 22
Total
York, .County of New York, ss.:
I, THOMAS J. STEVENS, Cashier of the abovenamed bank, do solemnly swear that the above state¬
ment is true tothe best of my knowledge and belief.
T. J. STEVENS, Cashier.
Subscribed and sworn to before me this 15th day
of
^
LEWIg> Notary Public
Correct—Attest:
fll
State of New
N^yember,,1910.
^
E
A. GILBERT,
1 ^
WM. C. DEMOREST, * [Director*.
SAM’L W .t FAIRCHILD, j
•>
'
IIV
THE CHRONICLE
[VOL.
LXX XXI.
Igimfi statements.
Continental and Commercial
COLONIAL TRUST &
SAVINGS BANK
National Bank
205 La Salle Street
OF CHICAGO
CHICAGO, ILL.
CONDITION AT CLOSE OF BUSINESS THURSDAY, NOVEMBER 10TH, 1910.
RESOURCES.
Loans and discounts.111,164,043 06
Bonds. Securities, Ac..
12,199,360 16
LIABILITIES.
Capital Stock Paid In
Surplus Fund
$123,363,403 22
U. S. Bonds to Secure Circulation
8,489,718 75
Stoek Com’l Nat. Safe Dep. Co. (Bank
building) at par
1,597,500 00
Other Real Estate
41,137 79
Overdrafts
4,890 22
Undivided Profits
Circulation
.
Deposits/Individual..-
$20,000,000
6,100,000
3,664,963
8,349,795
67,807,990 44
85,504,657 22
\ Banks
00
00
53
00
153,312,647 66
Due from Banks and
U. S. Treasurer
$21,837,457 56
Cash
36,093,298 65
Report of Condition at Commencement of
Business November 16, 1910
RESOURCES
Loans and discounts
$3,909,088 64
Bonds
368,844 60
Furniture and fixtures
11,700 00
sight exchange.... 1,900,115 50
Cash and
57,930,756 21
$191,427,406 19
$191,427,406 19
$6,189,748 74
OFFICERS.
GEORGE M. REYNOLDS, President
H. C. VERNON, Assistant Cashier
RALPH VAN VECHTEN, Vice-President
G. B. SMITH, Assistant Cashier
ALEXANDER ROBERTSON, Vice-President
WILBUR HATTERY, Assistant Cashier
HERMAN WALDECK, Vice-President
H. E. SMITH, Assistant Cashier
JOHN C. CRAFT, Vice-President
J. R. WASHBURN, Assistant Cashier
JAMES R. CHAPMAN, Vice-President
RALPH C. WILSON, Assistant Cashier
w. T. BRUCKNER, Vice-President
W. W. LAMPERT, Assistant Cashier
WILLIAM G. SCHROEDER, Secretory
DAN NORMAN. Assistant Caah'er
N. R. LOSCH, Cashier
FRANK L. SHEPARD, Auditor
F. H. ELMORE, Assistant Cashier
H. LAWTON, Manager Foreign Dept.
EDWARD S. LACEY. Chairman of Advisory Committtee
CONTINENTAL AND COMMERCIAL
TRUST AND SAVINGS BANK
Is owned
by the Stockholders of the Continental and Commercial National Ban a
of Chicago.)
CONDITION NOVEMBER 11TH, 1910.
RESOURCES.
$4,875,164 47
Capitol Stock
Reserved for Taxes and
6,961,858 IS
1,671,291 92
1,662,074 59
OFFICERS
Landon Cabell Rose, President
Jacob
Mortenson, Vice-President
Keller, V.-Prest. & Cashier
Emil Stuedli, Assistant Cashier
W. F. Doggett, Assistant Cashier
Demand Deposits
Time Deposits
13,611,955 51
(No
$3,585,979 84
$7,574,007 39
7,327,132 75
$18,487,119 98
Total
$18,487,119 98
OFFICERS.
POTTER, Chairman of the Board.
W. IRVING OSBORNE, President
JOHN J. ABBOTT. Vice-President
CHAS. C. WILLSON. Cashier
FRANK H. JONES, Secretory
WM. P. KOPF, Assistant Secretory
SAVINOS. TRUST AND B3ND DEPARTMENTS.
E. A.
Surplus and Profits, $6,295,000
45©
N Y
SAMUEL 6. BAYNE, President Seaboard National
Bank, N. Y.
EDWIN M. BULKLEY. Spencer Trask & Co.. Bankere, N. Y.
JAMES Q. CANNON, President Fourth National Bank,
NY
EDMUND C. CONVERSE, President, New York.
HENRY P. DAVISON, J. P. Morgan & Co., Bankers,
Ye
WALTER E. FREW, Vice-President Corn Exchange
Bank, N. Y.
FREDERICK T. HASKELL, Vice-President Illinois
Trust &
Savings Bank, Chicago.
A. BARTON HEPBURN, President Chase National
Bank, N. Y.
THOMAS W. LAMONT, Vice-President First National
JBank, N. Y.
OATES W. M'GARRAH, President Mechanics and
Metals National Bank, N. Y.
EDGAR L. MARSTON, Blair A Co., Bankers, N. Y.
GEORGE W. PERKINS, J. P. Morgan & Co., Bankers.
N. Y.
DANIEL E. POMEROY, Vice-President, New York.
WILLIAM H. PORTER, President Chemical National
Bank, N. Y.
DANIEL G. REID, Vice-President Liberty National
Bank, N. Y.
BENJ. STRONO JR., Vice-President, New York.
EDWARD
Bank,
GILBERT
Bank,
EDWARD
RESOURCES.
Loans and discounts..^
F.
$25,352,182 16
Overdrafts, secured and unsecured.
Other real estate owned
Due from national banks
(not
reserve
SWINNEY, President First National
Kansas City.
G.
THORNE, Vice-President National Park
N. Y.
TOWNSEND, President Importers’ & Trad¬
ers’ National Bank, N. Y.
ALBERT H. WIGOIN, Vice-President Chase National
Bank, N. Y.
SAMUEL WOOLVERTON, President Gallatin National
Bank, N. Y.
E. 0. CONVERSE, President.
B. STRONO JR., Vice-President.
D. E. POMEROY, Vice-President.
F. I. KENT, Vice-President.
F. N. B. CLOSE, Secretary.
H. W. DONOVAN, Treasurer.
H. F. WILSON JR., Asst. Sec’y.
2,200 54
3,000,000 00
150,000 00
174,950 00
2,433,704 62
1,600,000 00
986,493 58
_
agents)... $3,626,328 23
Due from State and pri¬
vate banks and bankers,
trust
companies and
savings banks
Checks and
items.
632,020 27
other
cash
41,875 33
Exchanges
DIRECTORS
STEPHEN BAKER, President Bank of the Manhattan
at New York, In the State of New York, at
the cloe#
of buataMi November 10th, 1910:
i
..
STREET, NEW YORK
Capital, $3,000,000
THE AMERICAN EXCHANGE
NATIONAL BANK
Bonds, securities, Ac
Banking house, furniture and fixtures
BANKGRS TRUST COMPANY
7 WALL
13941
REPORT OF THE CONDITION OF
U. S. bonds to secure circulation
U 8. bonds to secure U. S. deposits....
Premiums on U. 8. bonds
©ffmpatxtcs.
$6,189,748 74
141,824 67
444,155 17
Undivided Profits
14,901,140 14
N
459,366 49
5,130,382 25
$3,000,000 00
Interest
Demand Resources
Total
profits
Deposits
LIABILITIES.
Time Loans (Secured by Collateral)....
Demand Loans (Secured) .$3,316,730 89
Bonds and Stocks
Due from Banks
Cash on Hand
$600,000 00
R. C.
Chicago
(The Capitol Stock of this bank
LIABILITIES
CapitaL stock
Surplus and undivided
for Clearing
House
Notes of other national
banks..
Fractional paper currency,
nickels and cents
Lawful money reserve in
bank, viz.:
Specie
Legal-tender
8,292,991 15
70,000 00
716 79
5,984,450 00
notes
1,947,000 00
Redemption fund with U. S. Treasurer
(5 per cent of circulation)
Due from U. S. Treasurer..
Total
20,595,381 77
150,000 00
139,000 00
$54,583,912 67
LIABILITIES.
Capitol stock paid in
Surplus fund
Undivided profits, less
..
$5,000,000 00
8.900,000 00
.....
expenses
and
taxeo paid
National banunjies outstanding.......
Due to other national
banks
$10,711,402 89
Due to Stote and private
banks and bankers....
4,738,740 76
Due to trust companies
and savings banks
2,328,912 17
Dividends unpaid
21,149 50
Individual deposits sub¬
ject to check
21,720,771 85
Demand certificates of de¬
posits
730,832 26
Certified checks
866,390 73
Cashier’s checks outstand¬
ing
959,618 12
1.252.869 27
8.000,000 00
....
....
SlUnots Surety Company
Office,
Home
206 La Salle Street
CHICAGO
Total
WRITES ALL CLASSES SURETY BONDS
Court—Fidelity—Contract—Miscellaneous
v’
——:
United States deposits.
Reserved for taxes.._.
$54,583,912 67
Stote of New York, County of New York, ss.:
I, WALTER H. BENNETT, Cashier of the abovenamed bank, do solemnly swear that the above state¬
ment Is true to the best of my knowledge and belief.
W. H. BENNETT, Cashier.
Subscribed and sworn to before me this 15th day of
November, 1910.
i»,
The motto of the Illinois
Surety Company is “Prompt Service”
hoth in the handling
of itt business and the adjustment of its losses
42,077,818 28
150,000 00
103,225 12
iSeal.]
ROY MURCHIE, Notary Public,
Kings County, Certificate filed In New York
County.
Correct—Attest:
WM. P. DIXON,
1
HAZARD,
[Directors.
LEWIS L. CLARKE, j
R. G,
Nov. 19
THE CHRONICLE
1910.]
xv
Dank Statements.
[No. 1461.]
REPORT OF THE CONDITION OF
THE NATIONAL CITY BANK
OF NEW YORK.
York, in the State of New York, at the close of
business November 10, 1910:
.at New
RESOURCES.
Loans and discounts
1130,861,951 87
U. S. bonds to secure circulation
3,158,500 00
U. S. bonds to secure U. S. deposits._
250,000 00
Other bonds to secure U. S. deposits..
1,207,000 00
U. S. bond account
2,810,500 00
U. S. bonds on hand
1,414,780 00
Premiums on U. 8. bonds
3,099 09
35,268,506 14
5,255,069 19
Bonds, securities, Ac
Banking house, furniture and fixtures..
Due from national banks (not reserve
agents)
7,449,902 62
10,542,338 65
2,110,063 77
Due from State banks and bankers
•Checks and other cash items
42,770,889 23
Exchanges for Clearing House
174,290 00
Notes of other national banks
Fractional paper currency, nickels
and
1,283 64
cents
Lawful money reserve in
Specie
LIABILITIES.
ASSETS.
Loans and Discounts
U. S. Bonds (par value)
.$77£24,098 It
3,432,000 00
Other Bonds and Securities (market
value)
National
6,142,029 31
Safe
Deposit Co
(Bank Building)..
Stock
1,262,000 00
CASH RESOURCES—
Due
from
Banks
House
Cash
from
Undivided
45,791,345 66
157,925 00
139,046 53
$133,951,433 16
$133,951,433 16
OFFICIAL ORGANIZATION OF THE FIRST NATIONAL BANK OF CHICAGO.
JAMES B. FORGAN. President.
profits,
paid
$25,000,000 00
25,000,000 00
less expenses
and
6,588,266 26
3,158,497 50
National bank notes outstanding
Due to other national
banks
$43,573,594 17
Due to State banks and
bankers
13,850,719 18
Due to trust companies
and savings banks.... 25,025,780 78
Dividends unpaid
ject to check
N
GILLETT. Vice-President and Cashier.
Discount and Collateral
E. J. BLOSSOM, Manager.
Foreign Exchange Department.
of
deposit
3,061,852 50
Foreign Government funds 2,537,104 52
Certified checks
17,251,081 61
checks
CHAS.
WM. H. MONROE, EDWARD S. THOMAS, H. A. HOWLAND, JOHN P. OLESON,
H. H. HEINS. A. C. C. TIMM, JOHN F. HAGEY, Assistant Cashiers.
WM. J. LAWLOR, Manager.
Auditing Department.
DROEGEMUELLER, Auditor.
H. L.
Department.
Credit and Statistical Department.
JOHN J. ARNOLD. Manager.
CHARLES P. CLIFFORD, Assistant Manager.
105,698,992 60
certificates
HOWARD H. HITCHCOCK, FRANK O. WETMORE, EMILE K. BOISOT, AUGUST BLUM,
CHAS. H. NEWHALL, M. D. WITKOWSKY, ARTHUR W. NEWTON, Vice-Presidents.
Law Department.
ORVILLE PECKHAM. Attorney.
18,110 00
28,000 00
1
Provident reserve fund.
Individual deposits sub¬
Cashier's
00
00
45
49
519,100 00
LIABILITIES.
Demand
Deposits
3.175.500
3,746
192,900
108,177,298
$282,004,617 73
•Capital stock paid in..
.Surplus fund
taxes
000 00
United
38,429,472 00
Due from U. S. Treasurer
$10,000,000 00
10,000,000 00
Other Undivided Profits
903,893 87
Discount Collected but not earned
580.094 35
Special Deposit of U.S. Bonds
918,000 00
Circulating
Notes
Received
$3,175,500 00
Dividends Declared but Unpaid...
Reserved for Taxes.
4,509,087 11
20.336.397 82
Hand
on
Capital Stock Paid in
Surplus Fund
Less Amount on Hand
(East. Exchange) $20,426,760 73
Checks for Clearing
States Treasurer.
Redemption fund with U. S. Treasurer
(5% of circulation)
Total...
Condition at Close of Business November 10, 1910.
Due
bank, viz.:
$32,969,472 00
6,460,000 00
Legal-tender notes
Tbe First National Bank of Chicago
Clerical and Bookkeeping Departments.
WM. H. MONROE, Assistant
Cashier.
out¬
standing
United States deposits..
3,388,317 52
1,303,564 97
FIRST TRUST AND SAVINGS BANK
215,737,117 85
6,097,650 00
423,086 12
Bonds borrowed
Reserved for taxes.
Total
$282,004,617 73
State of New York, County of New York, ss.:
I, ARTHUR KAVANAGH, Cashier of the above
named bank, do solemnly swear that the above state¬
ment is true to the best of my knowledge and belief.
A. KAVANAGH, Cashier.
Subscribed and sworn to before me this 14th day of
November, 1910.
EDWIN F. COREY. Notary Public.
Correct—Attest:
S. S. PALMER,
]
J. P. GRACE,
[Directors.
JOHN W. STERLING, J
Statement of Condition at Commencement of Business Nov. 11, 1910.
ASSETS
LIABILITIES
Bonds
Time Loans
Demand
on
Loans
Collateral
$16,152,885 22
15.337.404 82
Collateral
-
Reserve for Interest and Taxes.
on
______
Capital..
Surplus and Undivided Profits
.$11,591,271 11
Time Deposits
$37,446,783 74
Demand Deposits..
9,477.878 76
Cash and due from
banks
$2,500,000 00
3,165,065 60
108,345 27
9,616.511 22
21.207.782 33
46,924,662 SO
$52,698,073 37
$52 £98.073 37
[No. 1324.]
OFFICERS
REPORT OF THE CONDITION OF
The Gallatin
York, at the close of
$5,881,417
9,033
500,000
1,000
1,889,870
500,000
Banking house...
from
national
banks
EMILE K. BOISOT, Vice-President
LOUIS BOISOT, Trust Officer
93
32
00
00
62
00
(not reserve
DAVID V. WEBSTER,
28,641
61,573
9,002,657
42,065
Exchanges for Clearing House.
Notes of other national banks
Fractional paper currency, nickels and
cents
Lawful money reserve in bank, viz.:
ROY C.
OSGOOD, Asst. Trust Officer
ROBERT L. DAVIS, Mgr. Real Est. Dept.
Secretary
ORVILLE PECKHAM. Attorney.
1
'
\
'
The stock of this bank is owned
National Bank of
292,815 69
agents)
Due from State and private banks and
bankers, trust companies and savings
banks
■Checks and other cash items
Specie
Legal-tender notes
BURTC. HARDENBROOK, Mgr. Bond Dept.
FRANK M. GORDON, Asst. Mgr. Bond Dept.
ROBERT D. FORGAN, Treasurer
RESOURCES.
Loans and discounts
Overdrafts, unsecured
U. S. bonds to secure circulation..
U. S. bond to secure U. S. deposits
Bonds, securities, &c
Due
Bank
National
-at New York, in the State of New
•business November 10, 1910:
JAMES B. FORGAN, President
by the stockholders of the First
Chicago & every director is a director of this bank
66
41
85
00
932 03
CHCAGO
$1,445,396 20
383,520 00
1,828,916 20
Redemption fund with U. S. Treasurer
(5 per cent of circulation)
Total
25,000 00
Statement Close of Business November 10, 1910
$20,063,923
LIABILITIES.
Capital stock paid In
Surplus fund
Undivided profits, less expenses
taxes paid
National bank notes outstanding
$1,000,000
2,000,000
and
517,183
490,400
1,677,569
Due to other national banks
Due to State and private banks and
bankers
Due to trust companies and savings banks
Dividends unpaid
Individual deposits subject to check
Demand certificates of deposit.
1,471
5,488,279
2,155
Accepted drafts
7,755,237
383,784
411,653
Cashier’s checks outstanding
United States deposits
Reserved for taxes
RESOURCES
Demand Loans on Collateral
Time Loans on Collateral
Loans on Beal Estate
$20,063,923 71
State of New York, County of New York, ss.:
I, GEORGE E. LEWIS, Cashier of the above-named
bank, do solemnly swear that the above statement Is
4rue to the best of my knowledge and belief.
G. E. LEWIS, Cashier, j
Subscribed and sworn to before me this 15th day of
November, 1910.
H. L. BRAYNARD,
[Seal.]
Notary Public, Westchester Co. :
•
_jM.
J
40
4,716 90
22,721,631 76
19,084,695 34
$99,318,894 40
LIABILITIES
Capital Stock paid in
Surplus Fund
Undivided Profits
Be served for Interest and Taxes
Demand Deposits
Time Deposits
$5,000,000
8,000,000
609,829
695,000
*
00
00
40
00
...$26,199,482 67
.....
Certificate filed In New York Co.
Correct—Attest:
ADRIAN ISELIN Jr.,
]
W.
EMLEN ROOSEVELT, [Directors.
SAML. WOOLVERTON.
,
£-^$57,507,860
Beal Estate.
Bonds and Stocks
Gash and Exchange
305,583
1,000
29,606
Total
.$20,654,059 63
36,353,615 77
600,27,6 QQ
58,814,682 33
85,014,065 joo
t-
$99 £18,894 40
—
II
—
m—r —n—i—n—
1
-n-imnmiiimiiiTiinr —
m
THE CHRONICLE
[VOL.
LXXXAI
ftettfe Statements.
LINCOLN NATIONAL BANK
OF THE CITY OF
Organized
NEW YORK.
1882
Capital, Surplus & Undivided Profits
$2,563,078.00
NOVEMBER 10. 1910
Capital
Surplus
$1,000,000.00
$1,000,000.00
$563,078.00
$ 17,308,362.00
$21,296,169.00
Undivided Profits
Deposits
Total
resources
OFFICERS
THOMAS L. JAMES. President
E. V. W. ROSSITER, Vice-President
WM. A. SIMONSON. Vice-President
CHAS. ELLIOT WARREN. Vioe-President
DAVTD C.
GRANT
GashlPT
JOHN S. SAMMIS JR.. Asst. Cashier
HENRY E. STUBING. Asst. Cashier
REPORT OF THE CONDITION OF
FOUNDED
THE CHATHAM NATIONAL BANK
1803
BROADWAY ft JOHN ST.. NEW YORK,
at the close of business N vember 10,1910.
RESOURCES
Loans and Discounts
$7,109,496 35
United States Bonds at par
Bonds and Securities
Banking house
Cash and Due from Banks
451,000
324,033
125,000
4,130,045
W. K. Vanderbilt Jr.
Wm. Brewster
Harry J. Luoe
$12,139,576 00
Capital and Surplus
$1,250,000 00
Undivided Profits
268,521 27
447,397 50
Circulation
Deposits
COR. FIFTH AVE. AND TWENTY-THIRD ST.
ESTABLISHED 1881.
Capital, Surplus & Undivided Profits
$2,208,729 00
NOVEMBER 10, 1910
-
Total Resources
-
-$1,000,000
- 1,208,729
-10,207,602
-12,819,630
=
-
00
00
00
00
RUEL W. POOR. President
JAMES McCUTCHEON, Vice-President
WILLIAM L. DOUGLASS, Cashier
ARTHUR W. SNOW, Asst. Cashier
William H. Gelshenen
Samuel Adams
Thomas D. Adams
Ruel W. Poor
We Solicit accounts from Banks, Bankers. Cor¬
porations, Firms and Individuals, and will be
accounts.
450,980 79
525,040 51
2,187,003 76
reserve
$11,452,303 72
LIABILITIES.
Capital stock, surplus and profits.. $2,226,577 93
Circulation
196,700 00
DEPOSITS
9.029,025 79
JAMES C.
connew
THE NASSAU BANK OF NEW YORK
At the dose of
Capital stock
Surplus and undivided profits
87
32
00
00
00
91
96
00
10,000 00
Deposits.-----
8.400.600 66
109,910 99
Cashier s checks.
Accrued Interest not entered
2,000 00
U0,568,476 86
OFFICERS
EDWARD EARL, President.
J. CHRISTY BELL.
H. P. STURR,
Vice-President.
Asst. Cashier.
JOHN MUNRO,
N, D. ALLING,
Vice-President.
Asst. Cashier.
W. B. NOBLE,
R M. BAILEY.
Cashier.
Asst. Cashier.
DIRECTORS.
J. Christy Bell,
John Munro,
Samuel R.Weed,
Harry Bronner,
Henry C. Miller,
Richard Young,
Edward Earl.
Other assets
LIABILITIES.
$8,464,727 80
Capital stock
Surplus and profits
$500,000 00
119.196 92
2,833,998 61
11,532 37
$8,464,727 90
THOS. H. HUBBARD, President.
H. T. S. GREEN, Vice-President.
Act«
Acts
i F
as
as
Executor,
■
$200,000 00
100,000 00
32,228 94
Deposits
1,437,722 80
Undivided Profits
Reserved for Taxes.
3,200 00
$1,773,151 24
OFFICERS
WARNER, President
W. W.
EDWARD ASH FORTH. Vice-President
JULES WEBER. Vice-President
E. F. GIESE, Cashier
L. C. MEEKS. Asst. Cashier
RESOURCES.
Loans and Discounts
Stocks and Bonds
Real Estate
Vaults, Furniture and Fixtures
Mortgages owned
Accrued Interest
Cash—on Hand and In Banks
LIABILITIES.
Capital
Surplus and Profits
$5,970,531 83
11,095
149.579
27,500
34,934
3.400
3,432,955
Oo
50
00
19
00
09
U. 8. bonds to secure U. S.
U. S. bonds on hand
322,315 89
8,108.613 51
199,646 21
Deposits
$9,629,995 61
R. ROSS APPLETON, President.
LOUIS V. ENNIS. Cashier.
„
other
-.1
for
$1,925,475 71
382,471 78
186,395 95
Clearing
House
Notes of other national
banks
Fractional paper currency,
nickels and cents
Lawful money reserve in
bank, viz.:
Specie
Legal-tender notes
11,527,566 47
18,090 00
375 89
21,314,449 60
1,518,693 00
Redemption fund with U. S. Treasurer
(5% of circulation)
Due from U. 8. Treasurer
Total
_
Scheurleer ft Zoonen
Guardian, Agent, ale
36,873,618 40
288,850 00
85,847 23
$129,961,315 59
liabilities.
Capital stock paid In
Surplus fund
Undivided profits, less
taxes paid
$10,000,000 00
15,000,000 00
expenses
and
National banknotes outstanding
Due to other national
banks
$25,628,829 42
Due to State and private
banks and bankers..2,013,403 23
Due to trust companies
and savings banks
19,758,341 23
Dividends unpaid
Individual deposits
Ject to check
5,913,130 95
5,776,997 60
378 7$
sub-
:
40,482,301 76
Demand certificates of de¬
posit
295,654 94
Certified checks
Cashier's checks outstand¬
3,220,578 26
984,544 46
Total..
H. MEINESZ.
President.
r <
Q. H. DE MAREZ OYENS.
Labouohere, Oyens ft Co s Bank.
A. L. G. H. PICHOT*11
Westerwoudt A GO*
W. M. SCHEURLEER.
'
00
00
00
13
16
cash
ing
R. Mees ft Zoonen.
191 99
5,777,000
1,000
103,240
36,896,825
1,606,841
deposits
United States deposits
Bonds borrowed
Reserved for taxes
Ph. MEES.
$48,328,001 68
Bonds, securities,'Ac
Banking house
5
$1,000,000 00
York, at the
RESOURCES.
Loans and discounts
Overdrafts, secured and unsecured.
tJ. 8. bonds to secure circulation
$9,629,995 61
Other Liabilities
Administrator, Trustee,
The First National Bank
at New York City, in the State of New
close of business November 10th, 1910:
Exchanges
Condensed Statement November 10, 1910.
Trustee of Corporation
Mortgages.
[No. 29.J
REPORT OF THE CONDITION OF
savings banks
FIFTH AVENUE ft 14TH ST..
NEW YORK.
m
Jan Kalll ft Oo.
Surplus
Due from State and pri¬
vate banks and bankers,
trust
companies and
THE 14th STREET BANK
Board of Directors!
.
Capital
Checks and
Items...
H. WALTER. L. D.,
Chairman,
de Kock & Uyt den Bogaard.
:vfl
$1,773,151 24
Due from national banks
(not reserve agents)...
JOHN HUBBARD, Vice-President.
J. H. ROGERS, Cashier.
C. S. LIPPINCOTT, Assistant Cashier.
BRYCE METCALF, Assistant Cashier.
H. MEINESZ, President
Banker.
P* M. J. QILISSEN
Arnold Qtllseen.
AUG. KALFF,
..$1,392,734 77
380,416 47
LIABILITIES
4,954 23
ADMINISTRATION <fc TRUST COMPANY )
Slngel - AMSTERDAM. (Holland.)
A. A. H. BOISSEVAIN,
Director of Swiss Bankvereln and
of Labouohere, Oyens ft Co’s Bank.
J. A. DUYNSTEE,
Telders ft Co.
P. Th. EVERARD.
RESOURCES
Loans and Investments
Cash and due from Banks
Novembes 10, 1910.
RESOURCES.
Loans and Investments
$2,095,291 59
Due from banks
1,060,081 60
Cash and reserve
284,400 46
Nederlandsch Administratie- & Trustkantoor
(NETHERLANDS
215
November 10, 1910
The International Bank
$10,568,476 86
$500,000 00
545,965 21
Reserved for taxes
Bryant Park Bank
$11,462,303 72
BROWER, Cashier
Accrued Interest
QUARTERLY REPORT OF
business Nov. 10, 1910.
RESOURCES.
Loans and dlsoounts.
$7,129,381
Due from banks and bankers
842,082
Real estate
4,000
Bonds
20,010
Bond and mortgage
34,000
Gash In vault
2,197,873
Exchanges for next day’s clearings
338,828
Accrued
lealnf
Interest not entered.
2,500
Asst. Cashier
Asst. Cashier
NEW YORK
122 West 42d Street
$5,995,802 44
350.000 00
1,943,476 22
Deposits
LIABILITIES.
Albert S. Cox
Owen E. Paynter
60 WALL STREET
Morgan J. O’Brien
{•leased
to meet
or correspond
those
emplating
making
changes orwith
opening
Cash and
President
Vice-Pres.
Vice-Pres.
Cashier
Joseph Byrne
RESOURCES.
Exchanges for Clearing House
$30,340,877 93
Officers
,,
New York,
DIRECTORS
James McCutcheon
Charles T. Wills
„
Robert M. Gallaway
Elbert A. Brinckcrhof
Joseph W. Harriman
STATEMENT NOV. 10 1910.
Loans and discounts
United States bonds
Bonds and securities
Real estate and fixtures
1,832,085 97
1,958,600 00
24,550,191 96
Deposits
AND EIGHTH AVB.
NEW YORK.
GARFIELD NATIONAL BANK
$2,000,000 00
Circulation
$12,139,576 00
LOUIS G. KAUFMAN, President.
FRANK J. HEANEY. Vice-President
CHARLES H. IMHOFF, Vice-President
WILLIAM H. STRAWN, Cashier
HERNY L. CADMUS. Asst. Cashier
$30,340,877 93
Liabilities
Capital Stock
Surplus and Undivided Profits
10,173,657 23
Henry O. Phipps
Capital - - Surplus & Profits
Deposits
-
Resources
Loans and discounts
$14,335,088 92
U. S. Bonds and Other Securities._
3,985,486 50
Banking House
995,257 34
Cash and Due from Banks
11,025,045 17
LIABILITIES
New York County National Bank
14TH STREET
Joseph P. Grace
M. Hartley Dodge
The Merchants National Bank
of the City of New York, at the close of business
November 10, 1910
00
95
00
70
DIRECTORS
Thomas L. James
Matthew O. D. Borden
E. V. W. Rosslter
Eben E. Olcott
James Stillman
William G. Rockefeller
Condensed Report of the Condition of
State of New York,
92,864,631 99
1,000 09
684,000 09
302,155 15
$129,961, $L&J9
County of New York, sa.:
;tiH s •
I, C. D. BACKUS, Cashier of the above-named bank,
do solemnly swear that the above statement is true
to the best of my knowledge and belief.
fa-.*
:
C. D. BACKUS. Cashier. m
Subscribed and sworn to before me this 16th day 661
November, 1910. :
sHERBERT F. CHRI8TIH, *
Notary Public, N. Y. Co.
-
'
,
Correct—Attest:
GEO. F. BAKER,
*
1.c-£as£
f
A. BARTON HEPBURN. )Dlreoters.
H. P. DAVISON,
i
Nov. 19 1910.1
THE CHRONICLE
Statements.
XVII
Sank .Statements.
[No. 1260.]
REPORT OF THE CONDITION OF THE
THE
MECHANICS & METALS
NATIONAL BANK
at New York, In the State of
Easiness November 10, 1910:
LIBERTY NATIONAL BANK
New York, at the close of
OF
RESOURCES.
Loans and discounts
$39,009,723 60
874
3,000,000
6,912,408
2,178,000
Overdrafts, secured and unsecured
ff. S. bonds to secure circulation
Bonds, securities, Ac
-
Banking house, furniture and fixtures..
81
00
32
00
Due from national banks
(not
reserve
Due from State and pri¬
vate banks and bankers,
trust
companies
savings banks
Checks and
items
Exchanges
1,347,244 70
other
Due from Banks.
cash
1,420,662 65
for
Clearing
House
23,761,821 20
Notes of other national
banks
33,000 00
Fractional paper currency,
nickels and cents.
727 17
Lawful money reserve In
bank, viz.:
Specie
Legal-tender notes
Redemption fund with
U. S. Treasurer (5%
of circulation).
Condensed Statement November 10, 1910.
RESOURCES.
posits
Bonds. Securities, etc
$1,375,120 73
Exchanges for Clear¬
ing House
3,278,155 70
Cash
4,764,755 65
and
1,000 00
1,553,997 74
LIABILITIES.
Capital Stock
Surplus Fund
Undivided Profits
$1,000,000
2,000.000
719,890
483,900
22,995,346
29,625
Circulation
Deposits
Reserve for Taxes
_.
FREDERICK B. SCHENCK
DANIEL G. REID
-
ZiOHETH S. FREEMAN
-
-
-
President
-
$27,228,762 18
OHAS. W. RIECKS
VIce-Prest. and Cashier
McGLYNN - Asst. Cashier
-
Vice-President
FREDERICK
Vice-President
HENRY S. BARTOW
HENRY P. DAVISON. Chairman
150,000 00
00
00
82
00
86
00
9,418,032 08
$27,228,762 18
12,102,468 00
971,000 00
P.
-
-
-
Asst. Cashier
Executive Committee
STATEMENT OF CONDITION OF
Due from U. S. Treas¬
16,671 77
urer.
YORK
BROADWAY
Loans and Discounts
$15,755,822 86
U. S. Bonds to secure Circulation..
500,000 00
U. S. Bonds to secure U. S. De¬
$2,340,674 69
agents)
NEW
139
42,144,160 08
Total
The Citizens Central National Bank
$93,245,166 71
LIABILITIES.
Capital stock paid In
Surplus fund
Undivided profits, less
taxes paid
$6,000,000 00
6,000,000 00
expenses
and
ject to check
OF NEW YORK
2,049,477 64
2,956,260 00
National bank notes outstanding
Due to other national
banks ...I...
$10,529,331 13
Due to State and private
banks and bankers
3,426,347 67
Dqe to trust companies
and savings banks
12,032,511 91
Dividends unpaid
146,002 75
Individual deposits sub¬
AT THE CLOSE OF BUSINESS NOVEMBER
RESOURCES.
Loans and Discounts
$19,262,596
U. S. Bonds (at par) to secure cir¬
culation
1,995,100
U. S. and other Bonds (at par) to
secure U. S. Deposits
206,000
Bonds, Securities, &c
312,233
Due from Banks.
2,469,502 37
Exchanges and other
Cash Items
2,445,873 87
Cash on hand
5,459,734 91
Due from United States
..
36,369,783 09
Demand certificates of de¬
posit...
208,684 49
Certified checks
12,844,817 43
Cashier’s checks outstand¬
ing
Reserved for taxes......
664,889 72
117,070 98
Treasurer
76,239.439 17
Total
State of New York,
$93,245,166 71
County of New York, ss.:
I, JOSEPH s. HOUSE, Cashier of the above-named
bank, do solemnly swear that the above statement Is
true to the best of my knowledge and belief.
JOSEPH S. HOUSE, Cashier.
Subscribed and sworn to before me this 14th day of
•
.....
10, 1910.
LIABILITIES.
78
Capital Stock paid in..*
Surplus
00
Undivided Profits.
00
75
192,787 26
.......
..
Reserved for interest, unearned on
Bills discounted..-'*
National Bank Notes Outstanding—..
Reserved for Taxes
_S.
Due
to
Banks
and
Trust Companies
$7,685,405 10
Individual Deposits.r. 18,246,923 IV
United States Deposits
147,454 42
_
_
_
150,000 00
1,962,697 50
38,103 74
_
26,079,782 71
10,567,898 41
$32,343,828 94
_
$2,550,000 00
1,000,000 00
563,244 99
882.343.828 94
>
November, J910..
HENRY AUMANN Jr., Notary Public.
.
Correct—Attest:
.
1M
THE SEABOARD NATIONAL BANK
.
HENRY HENTZ,
i
]
18 BROADWAY AND 6 BEAVER STREET.
CLARENCE H. KELSEY,^Directors.
JOHN D. RYAN,
J
'
REPORT
OF THE
CONDITION
STATEMENT NOVEMBER 10th, 1910
OF
THE BANK OF AMERICA
at the close of business on the 10th
day of November,
1910:
RESOURCES.
Loans afid discounts
$18,934,828
Overdrafts
4,728
Due from trust companies, banks and
bankers
1,083,878
Real estate
900,000
Stocks and bonds, viz.:
Public securities, market value
1,010
Other securities, market value
3,834,026
.
banks
:
Cash Items
Other assets, viz.:
Accrued Interest not entered
Total..
..
•
13
25
—
...
...
RESERVE
1
U. S. Treasurer-..*
00
09
3.642,291 54
1,774,191 00
14,421,328,37
31,000 00
\
LIABILITIES
Capital Stock
305 87 Surplus and Profits (earned)
467,020 85 Circulation
1,451,865 00 Reserved for Taxes
1,632.349 43 Dividends Unpaid..:
.•;■■■
Deposits-^.
$19,275,051 19
Cash, Exchanges and Due from
* *
—
*
-
-
...
*
$1,000,000
1,977,193
379,100 00
33,681 20
30 00
— .
31.271,022 68
11,834,434 85
08
00
$34,661,027 19
$34,661,027 18
Depository of the United States, State of New York, City of New York
OFFICERS
S. G. BAYNE, President
C. C. THOMPSON, Cashier
S. G. NELSON. Vice-President
W. K. CLEVERLEY, Asst. Cashier
J. C. EMORY, Asst. Cashier
L. N. De VAUSNEY, Asst. Cashier
O. M. JEFFERDS, Asst. Cashier
$44,627,281 46
LIABILITIES.
Caplttl stock
$1,500,000 00
Surplus, Including t11 undivided profits.. 6,006,308 90
Unprid dividends
$1,146 00
Reserved for tries
20,387 68
21,533 68
Due New York State
s?v-
ingsbanks
$3,353,147 67
Deposits not preferred
25,853,804 63
Due trust companies, banks
and bankers
1
7,872,769 73
Total deposits
Other liabilities, viz.:
Cashier's checks.
Accrued Interest not
tered
37,079,722 03
16,300 00
Certificate filed in
Notary Public. Kings County.
New York County, No. 1046
BANK
OF THE CITY OF NEW YORK.
STATEMENT AT THE CLOSE OF BUSINESS NOV. 10. 1910.
RESOURCES.
LIABILITIES.
Loans and discounts
$4,968,644 67 Capital stock
U. S bonds at par.
410,000 00 Surplus and profits (earned)
N. Y. City and other bonds
905,772 79 Circulation
Due from banks
414.983 15 Deposits
Cash and exchange...
$1,000,000 00
408,937 30
403,400 00
6,699,344 66
1,822,977 81 Reserve for taxes
$3,416 85
en¬
Total.
$44,627,281 46
State of New York, County of New York, ss.:
WILLIAM H. PERKINS, President, and WALTER
M. BENNET, Cashier, of The Bank of America, a bank
located and doing business at Nos. 44 and 46 Wall
Street, In the City of New York, In said county, being
duly sworn, each for himself, says that the foregoing re¬
port is true and correct In all respects, to the best of
his knowledge and belief, and they further say that the
usual business of said bank has been transacted at the
location required by the banking law (Chap. 2 of the
Consolidated Laws as amended), and not elsewhere;
and that the above report is in the form prescribed by
the Superintendent of Banks.and Is made Incompliance
with an official notiee received from him designating
the 10th day of November, 1910, as the day as of which
such report shall be made.
m
WILLIAM H. PERKINS, President.
m *.cc
WALTER M. BENNET, Cashier.
¥ Severally subscribed and sworn to by both
deponents,
the 17th day of November, 1910, before me.
>
B. DENZLER,
[Seal of Notary.]
THE COAL & IRON NATIONAL
$8,522,378 42
19,716,85
RESOURCES
Loan* arid Discounts
Overdrafts
United States Bonds
Stocks and Bonds
Due from Banks
.
Specie
Legal-tender notes and notes of national
■}!. C-
NEW YORK
10,696 46
$8,522,378 42
MEMBER NEW YORK CLEARING-HOUSE ASSOCIATION
DEPOSITARY OF UNITED STATES, CITY OF NEW YORK, STATE OF NEW YORK
The most conservative
investors have
bankers, brokers and
constantly before them
BABSON’S REPORTS
ON
Municipal Bonds
Legal for Savings Banks
and Trust Funds
Fundamental Conditions
For details oonoernlng these Reports or our
‘Business Barometers”^which we Install in banks
both for their own and, customers’ use) address
Babson’s Compiling Offices. Wellesley Hills, Mass.
NEW YORK OFFICE. 84 STONE STREET
Lmrgfst Statistical Organization In the U. S.
R. M. GRANT & CO.
BANKERS
81 NASSAU STREET
NEW YORK
XTHI
THE CHRONICLE
$KUst Corapnits.
Report of the Condition
of
the 10th
on
Guaranty Trust Co.
day of Novem¬
OF NEW YORK.
RESOURCES.
Bonds and mortgages
Stock and bond Investments, viz.:
Public securities, market value
Other securities, market value
Loans
Real estate
Due from trust companies, banks and
bankers
i
$3,982,750 00
9,134,590 00
50,244,760 82
1,000,000 00
$79,377,611 35
LIABILITIES.
Capital stock
$2,000,000 00
Surplus, including all undivided profits. 14,079,425 60
Reserved for taxes
69,500 00
deferred deposits
..$11,201,941 85
Deposits not preferred
46,304,691 24
_
Due
trust
companies,
banks and bankers....
4,744,280 43
Total deposits
Other liabilities, viz.:
Expenses accrued
Accrued Interest entered
$4,900 00
972,872 23
St., New York
Sth 4ve. and 43d
St., New York
33 Lombard
St., London, E. C.
CAPITAL, $5,000,000
5,586,588 44
7,400,000 00
382,672 09
Accrued Interest entered
Total
28 Nassau
1,646,250 00
Specie (gold certificates)
Statement
Bonds and
Public Securities
Other Securties
Loans and Bills Purchased
Cash on Hand and in Bank....
Due from Foreign Banks, Bank¬
ers, etc
Accrued Interest and Accounts
Receivable
$482,717
10.741,869
40.8o8,048
41,659.635
24,061,928
10, 1910
LIABILITIES.
82
07
36
65
21
26.723.843 14
Capital
$5,000,000 00
18,000,000 00
3.5 2,4 i0 24
107.623.752 50
Surplus
Undivided Profits
DEPOSITS
Accrued Interest Payable
849.556 22
11,637,059 45
Foreign Accounts...
1,991,816 16
$146,622,858
41
$146,622,858 41
OFFICERS
CHARLES H. SABIN. Vice-President.
LEWIS B. FRANKLIN. Vice-President.
&*
WM. C. EDWARDS. Treasurer.
R*
Mgr. sth Ave. Branch.
E.
C. HEBBARD,
JAMES M. PRATT, Assist. Treasurer.
Secretary.
F.
C.
HARRIMAN. Assist. Treasurer.
W. F. H. KOELSCH, Assist.
Secretary.
WALTER
MEACHAM. Assist. Secretary.
F. J. H. SUTTON, Trust Officer.
N. D. 4TJTNAM
977,772 23
Total
$79,377,611 35
State of New York, County of New
York, ss.:
EDWARD W. SHELDON, President, and HENRY
E. AHERN, Secretary, of United States
Trust Com¬
pany of New York, located and doing business at No.
45-47 Wall Street, in the City of New
York, in said
County, being duly sworn, each for himself, says the
foregoing report Is true and correct in all respects, to
the best of his knowledge and belief,
and they further
say that the usual business of said trust
company has
been transacted at the location required by
the Banking
Law (Chap. 2 of the Consolidated Laws as
amended)
and not elsewhere; and that the above
report is In the
form prescribed by tne Superintendent of
Banks, and
is made in compliance with an official
notice received
from him designating the 10th day
of November 1910
as the day of which such report shall be
made.
EDWARD W. SHELDON, President.
HENRY E. AHERN,
Secretary.
Severally subscribed and sworn to by both deponents
the 18th day of November 1910 before me.
PHILIP L. WATKINS,
SURPLUS, $18,000,000
at the close of Business
Nov.
RESOURCES.
Mortgages
62,250,913 62
Notary Public,
LXXXXI
$K»st ©orajratxies.
UNITED STATES TRUST COMPANY
OF NEW YORK
at the close of business
ber 1910.
[VOL.
ALEX.J.HEMPmLL^resIdenL
max MAY, Vk»-PresiSe«i*.
J. I. BURKE, Assist. Trust Officer.
Jr.. Asst. Secretary
STATEMENT OF THE
Metropolitan Trust Company
OF THE CITY OF NEW YORK
Kings County,
Certificate filed New York Co.
REPORT OF THE CONDITION OF THE
CENTRAL TRUST COMPANY
OF NEW YORK.
at the close of business on the 10th
day of
1910:
November,
AT THE CLOSE OF BUSINESS
NOVEMBER 10, 1910.
ASSETS.
LIABILITIES.
N. Y. City & State Bonds, mkt.
val.$1.701.347 50 Capital
Other Stocks and Bonds.
2,903,870 00 Surplus and Undivided Profits..... $2,000,000 00
Bonds and Mortgages
7.960,537 26
991.600 00 DEPOSITS
Loans..
24,620,117 72
22.977.378 19 Interest Accrued
Real Estate
160,912 24
68,781 20 Reserved) for Taxes
Interest Accrued
32.000 00
354,626 04 Reserved for Rent
Cash in
2.250 00
Cash
on
Banks
Hand
$2,717,874 92
3.080,218 15
5,778,093 07
RESOURCES.
Bonds and mortgages
Stoek and bond investments, viz.:
Public securities (market value)
Other securities (market value)
Loans
Overdrafts,
2,486,270
20,927,511
57,184,079
146,287
988,564
secured
banks
74
8,270 00
$59,044 28
404,804 68
CONDENSED STATEMENT OF CONDITION
92,447 94
556,296 90
Total
....$103,081,421 22
LIABILITIES.
Capital stock
3,000,000
Surplus, Including all undivided profits.. 16,124,315 00
53
Reserved for
taxes
.*
45,890 27
Preferred deposits
$1,662,625 01
Deposits not preferred... 80,102,943 79
Due trust companies, banks
and bankers
1,277,268 83
Total deposits
Other liabilities, viz.:
Officers’ checks
Accrued Interest entered
Accrued Interest not
entered
iEtttptr? ©mat (totpattg
MAIN OFFICE
42
83,042,837 63
$86,227 61
714,622 40
BRANCH OFFICES
487 Fifth Avenue, N. Y.
9 New Broad
$103,081,421 22
State of New York, County of New
York, ss.:
J. N. Wallace, President, and M.
Ferguson, Secre¬
tary, of Central Trust Co. of N. Y., located and
doing
business at No. 54 Wall Street, In the
City
of New York,
In said county,
being duly sworn, each for himself, says
the foregoing report Is true and
correct in all respects,
to the best of his
knowledge and belief, and they further
say that the usual business of said trust
company has
been transacted at the location
required by the Banking
Law (Chap. 2 of the Consolidated
Laws,
as amended)
and not elsewhere; and that the
above report Is In the
form prescribed by the
Superintendent of Banks, and
is made in compliance with an
official notice received
from him,
designating
the 10th day of November, 1910,
as the day of which such
report shall be made.
Street, N. Y.
Street, London, E. C.
AT THE CLOSE OF BUSINESS NOVEMBER
JO, 1910*
RESOURCES.
LIABILITIES.
N. Y. State and City Bonds.
N. Y. Real Estate
$1,048,070 00
Other Stocks and Bonds
Loans
Cash on Hand and in Banks
1,539,420 17
11,353,123 25
Mortgages..
Interest
Assets
Receivable
and
589,634 00
9,889,319 53
Capital
Surplus and Undivided Profits
Reserved for Accrued Interest and
Taxes.
DEPOSITS
$1,000,000 001,197,522 76*
87,215 31
19,879,663 70'
Other
217,828 82
$21,684,401 77
$21,634,401 T
J. N. WALLACE, President.
M. FERGUSON,
Secretary. »
subscribed and sworn to by both
deponents
17th.day
242 E. Houston
FOREIGN OFFICE
868,377 79
Severally
BROADWAY, NEW YORK
67,527 78
Total
the
$34,780,696 00
BRAYTON IVES, President
ANTON A. RAVEN, Vice-President
GEORGE N. HARTMANN,
Secretary
BEVERLY CHEW. 2d Vice-President
JAMES F. McNAMARA. Trust Officer
BERTRAM CRUGER. Treasurer
RUPERT W. K. ANDERSON, Asst.
Treasurer
FREDERICK E. FRIED, Ass’t Secretary
11,889,101 68
notes and notes of national
r
64
7,790,671 00
Specie
Other assets, viz.:
Advances to trusts
Accrued Interest entered
Accrued Interest not
entered
00
62
52
2,490 72
2,388 06
Unpaid Dividends
$34,780,696 00
$1,104,368 12
Real estate
Due from trust companies, banks and
bankers
Legal-tender
Officers Checks
of November. 1910, before
A.
me.
SPOTSWOOD CAMPBELL,
Notary Public, New York County.
THIS COMPANY IS THE| FISCAL AGENT OF THE
STATE OF
NEW YORK FOR THE SALE OF STOCK
TRANSFER TAX STAMPS
Nov. 19
THE CHRONICLE
1910.]
Hitiattclsl
XIX
financial
♦
TO THE HOLDERS OF
H. M. Byllesby & CO.
ENGINEERS
Pittsburgh Steel Co.
EXAMINATIONS and REPORTS
First Mortgage and Collateral Trust Fifteen Year 6%
218 La Salle Street,
Sinking Fund Cold Bonds and
General Mortgage Five Year 6% Sinking Fund Gold Bonds
CHICAGO
Portland. Or*.
Oklahoma City. Oklahoma.
Mobile* Ala.
The
Pittsburgh Steel Company proposes to redeem on
January 1st, 1911, its First Mortgage and Collateral Trust
Fifteen-Year 6% Sinking Fund Gold Bonds and its General
Mortgage Five-Year 6% Sinking Fund Gold Bonds, giving
ginidends.
notice thereof
Office of
H. M. BYLLESBY & COMPANY.
Engineers.
redemption of its bonded debt,
the Company has entered into
an agreement with Speyer & Co., of New
York, for the creation,
subject to the approval of the stockholders of the Company, of
$7,000,000 7% Cumulative Preferred Stock and for the sale of
said $7,000,000 Preferred Stock to Speyer & Co.
Chicago.
The Board of Directors of the MOBILE ELEC
TRIC COMPANY of Mobile, Alabama, has de
dared a quarterly dividend of one and three
quarters per cent (1 %) upon the preferred stock
of the company, payable by check November 15tb
as
of the close of
business October 31st 1910.
The Preferred Stock will be cumulative and will be
ROBERT J. GRAF. Secretary.
both
DIVIDEND NO. 58.
proceeds of land sales, Is hereby declared, payable
31st December next to shareholders of record In
p. m. on
Montreal. New York and London at 3
Wednesday, 30th November instant.
on
On behalf of
30th December next.
the
By order of the Board.
W- R. BAKER, Secretary.
Montreal, 14th November, 1910.
JOSEPH
The Board of Directors of the St. Joseph Rail¬
Light. Heat & Power Co. has declared a
quarterly dividend of One-Half of One Per Cent
(H of 1%) upon the Common Stock of the Company, payable December 1st, 1910, to stockholders
of record at the close of business November 15th,
1910.
Checks will be mailed.
G. L. ESTABROOK, Secretary.
General
Preferred stock
and when issued. The right is reserved to
withdraw tins offer at any time without notice.
Secretary.
THE PENNSYLVANIA RR. CO.
Wednesday,
MOSES ELY, Secretary.
Office. HOMESTAKE MININQ CO.
Mills Building, 15 Broad St.
New York, Nov. 11th, 1910.
DIVIDEND NO. 432.
Dividend No. 432 of Fifty (50c.) Cents per
share has been declared, payable at the Transfer
Agency in New York on the 25th Inst.
Transfer books close on the 19th Inst.
LOUNSBERY & CO..
Transfer Agents.
of
Pittsnuooh
PITTSBURGH, PENNSYLVANIA
Pittsburgh, November I6th, 1910.
The above offer will be withdrawn at 10 a.m., November 19r 1910.
NORPOLK & WESTERN RAILWAY CO.
The Board of Directors has declared a quarterly
dividend of One and One-Quarter Per Cent upon
the Common Stock of the Company, payable at
the office of the Company, Arcade Building,
Philadelphia, Pa., on and after December 19,
record
as
The Union Thnst Company
Philadelphia, November 1 1910.
The Board of Directors has this day declared a
quarterly dividend of One and one-half per cent
(Seventy-five cents per share) upon the Capita)
Stock of the Company, payable on and after
November 30 1910 to stockholders as registered
upon the books of the Company at the close of
business
November 5
1910.
Checks will
be
mailed to stockholders who have filed permanent
dividend orders.
JAMES F. FAHNESTOCK, Treasurer.
of
1023^ and interest to December 1st.
This offer will remain open until November
26th, 1910,
and bondholders desiring to avail themselves of it must
pre¬
sent their bonds at our office on or before that date and re¬
ceive therefor Temporary Certificates entitling them to New
Columbus, Ohio, November 12. 1910.
The Board of Directors has declared the regular
quarterly dividend of One and One-Quarter Per
Cent upon the Common Stock of The Columbus
Railway Co., payable December 1, 1910, to stock¬
holders of record at the close of business Novem¬
ber 15, 1910.
Checks will be mailed.
HERBERT M. BURINGTON,
Merchants
Company
November 23, 1910.
Mortgage Five-Year 6% Sinking Fund Gold
Bonds at
THE COLUMBUS RAILWAY COMPANY.
to holders of the Common Stock of The Associated
price of 99% in exchange for
December 1st.
COMMON STOCK DIVIDEND NO. 30.
Office of
ASSOCIATED MERCHANTS COMPANY.
Hoboken, N. J., November 17, 1910.
The regular quarterly dividend at the rate of
Seven Per Cent (7%) per annum and an addltlona
quarterly dividend at the rate of Two Per Cent
(2%) per annum will be paid November 30, 1910,
herewith offer to deliver
Mortgage and Collateral Trust Fifteen-Year 6%
Sinking Fund Gold Bonds at 110 and interest to
way,
THE
we
First
LIQHT. HEAT &
POWER CO.
St. Joseph, Mo., Nov. 11, 1910.
RAILWAY.
1910, to the Common Stockholders as registered
at the close of business November 30, 1910.
E. H. ALDEN, Secretary.
Speyer & Co.
Preferred stock at the
new
the above-mentioned
COMMON STOCK DIVIDEND NO. 9.
Office of the
ST.
as
Company at 120% on three months’ notice. Further particu¬
lars regarding the Preferred Stock may be obtained from the
undersigned.
A dividend of 2% on the Common Stock of the
Company for the quarter ended 30th September,
1910, being at the rate of 7% per annum from
revenue and 1% per annum from interest on the
Warrants will be mailed
preferred
to
principal and dividends over the Common Stock.
It will be entitled to dividends from December 1st, 1910,
pay¬
able quarterly, and will be redeemable at the
option of the
THE CANADIAN PACIFIC RAILWAY COMPANY
on
December 1st, 1910.
In order to carry out this
and to provide further capital,
Managers.
1910 to stockholders of record
on
GENERAL MOTORS COMPANY.
Office of
November 12, 1910
The Board of Directors of GENERAL MOTORS
COMPANY has declared a dividend of Three and
One-Half (3 H%) Per Cent on the Preferred Stock
of the Company, to be paid on November 30,1910,
to the Stockholders of record at the dose of busi¬
November 21, 1910.
Preferred Stock Transfer books will be
closed at the close of business November 21, 1910,
ness
The
and
re-opened November 30, 1910.
CURTIS R. HATHEWAY
Treasurer.
GENERAL MOTORS COMPANY.
PREFERRED STOCK TRUST CERTIFICATES
Referring to the foregoing notice of General
Motors Company, checks for the dividend, when
received, will be mailed to the holders of Preferred
Stock Trust Certificates of record at the close of
business November 21, 1910.
The Preferred
Stock Trust Certificate transfer books will be
closed for the period during which the preferred
stock transfer books of General Motors Company
are to be closed as above stated.
TRAL TRUST COMPANY OF NEW YORK
Agent for Voting Trustees,
.
FEDERAL MINING & SMELTING CO.
32 Broatlway, New York.
November 15, 1910,
Three-Quarters Per Cent
(1 H%) on the Preferred Stock of this Company
has to-day been declared, payable December 15,
A dividend of One and
to stockholders of record at the close of business
on
November 25th,
FRANK SWEENY, Secretary.
.
GENERAL ELECTRIC COMPANY.
A dividend of Two Dollars per share will be paid
on
January 14, 1911, to stockholders of the
General Electric Company of record at the close
of business hours on Saturday, December 3, 1910.
The transfer books will not be closed.
By order of the Board of Directors.
.
■MUM. F. WESTOVER.
Secretary.
UNITED DRY OOODS COMPANIES.
Hoboken, N. J., November 17. 1910.,
A quarterly dividend of One and Three-Quarters
(1 N%) Per Cent will be paid December 1, 1910,
to holders of the Preferred Stock of United Dry
Goods Companies of record Wednesday, Novem¬
ber 23, 1910.
MOSES ELY, Secretary.-J
THE CHRONICLE
XX
(Vol.
lxxxxi.
fPoatteial.
Wabash Pittsburgh Terminal Railway
To the Holders of
4% FIRST MORTGAGE BONDS and
CERTIFICATES OF DEPOSIT OF CENTRAL TRUST COMPANY
OF NEW YORK REPRESENTING THESE BONDS:
The time for the deposit of bonds and certificates of deposit with the COLUMBIA TRUST COMPANY, 135 BROAD¬
WAY, NEW YORE CITY, and with its agents, has been extended to NOVEMBER 21ST, 1910. No deposits will be
received after that date except in the discretion of the Committee, and upon such terms as it
may fix, and the Committee
will thereafter consider itself at liberty to act only for its own depositors.
Following the refusal of the Wallace Committee to surrender deposited bonds and its announced determination
to retain such bonds against the protests of the depositors, a test suit has been
begun in the United States Court at New
York against the Central Trust Company and the members of the Wallace Committee to
compel the surrender of all such
bonds, and an injunction applied for to prevent the Wallace Committee from assuming to further represent them. The
Committee is advised that bondholders are entitled to withdraw their bonds and will proceed to enforce the surrender in
all of the many cases in which these certificates have been deposited with them, as well as in the cases of future
deposits.
As a result of a personal inspection of the properties made by the members of the Committee and of an exhaustive
examination into their values, merits and strategic position, and of the claims of bondholders
against the Wabash Road,
the Pittsburgh and Toledo Syndicate, and upon the Supplemental Traffic and Trackage
Agreement of 1904, the Committee
is|satisfied that your bonds are intrinsically worth largely in excess of the present market price (which is already more
than 50% above the selling price of the bonds when this Committee was organized).
The Committee has every reason to believe that the results of the various suits now in
progress, and that are about
to be prosecuted by them, to safeguard and enforce the long-neglected rights of bondholders, will add
materially to the
present value of the bonds.
Copies of the Deposit Agreement can be had at the office of the Columbia Trust Company, and of its agents, Colonial
Trust Co. of Pittsburgh, The Land Title & Trust Co. of Philadelphia, and The Connecticut Safe Deposit & Trust
Co. of
Hartford, Conn.
"
Bondholders and Certificate Holders will materially assist the work of the Committee by promptly
depositing their
bonds or Central Trust Company or Old Colony Trust Company certificates (as the case may be).
,
APPLICATION WILL BE MADE TO LIST THE CERTIFICATES OF THE COLUMBIA TRUST
THE NEW YORK STOCK EXCHANGE.
Dated November
GOMPANYiON
^
18th, 1910.
James C.
Chaplin, Chairman.
Vice-President, Colonial Trust Co., Pittsburgh, Pa.
Meigs H. Whaples,
President, Connecticut Trust & Safe Deposit Co., Hartford, Conn.
William R. Nicholson,
President, Land Title & Trust Co., Philadelphia, Pa.
Clarence L. Harper,
President, Union Trust Co., Philadelphia, Pa.
Richard Sutro,
Of Sutro Brothers & Co., Bankers, New York City.
Committee.
Samuel Untermyer,
Counsel to the Committee.
Wm. C. Taylor, Secretary,
37 Wall Street, New York
City. '
fpUjetittgs.
NILES-BEMENT-POND COMPANY.
PI
New York, November 16, 1910.
A Special Meeting of the stockholders of this
Company having been called, to be held at the
Company’s office, 15 Exchange Place, Jersey City,
New Jersey, on the 15th day of December, 1910,
$1,000,000
First Refunding Mtge. 5% Gold Bonds
OF THE
Gary & Interurban Railway Co.
Gary, Indiana
at 11 o’clock A. M., the Transfer Books^of the
Preferred and Common Stock of the Company
will be closed from and after the 23rd
day of
November, 1910, at 3 o’clock P. M., and will
remain closed until the 21st day of December,
1910, at 10 o’clock A. M., for the purpose of such
meeting.
By order of the Board of Directors.
CHARLES L. CORNELL,
Secretary.
THE ELECTRIC RAILWAY OF THE NEW STEEL CITY
DATED JULY 1, 1910.
Subject to call at 105 and interest.
DUE JULY 1,
1930
ISKsmteA.
Denominations $500 and $1,000
CAPITALIZATION
'Capital stock (Authorized 31,000,000)
First Refunding Mortgage Bonds
EARNINGS
With present mileage, the Company Is earning (perannum)
3885,150
1,000,000
gross
3137,500, net, 363,750,
The operation of additional mileage now being built should double this amount.
This Issue of 31,000,000 provides for the payment of all of the 3500,000 First Mortgage
bonds (3250,000 of which have been retired), for the purchase of additional
equipment, and for
the extension (now being built), of Fifth Avenue lines into Indiana Harbor and East
Chicago.
Provisions for the financing of additional extensions have been made under conservative
restrictions.
HR
The total population served at present is 121,000.
Estimated population within three
years, over 250,000.
The steady growth of the territory is assured by the expenditure of
over 3250,000,000
by the UNITED STATES STEEL CORPORATION ANT) OTHER
COMPANIES, whose plants are now in course of construction, which will employ 91,000 men.
Application will be made to list these bonds on the New York Stock Exchange.
HAVING SOLD A LARGE PORTION OF THE ABOVE ISSUE, WE OFFER
THE BALANCE AT 95 AND INTEREST. YIELDING 5.40%.
Call
or
H*tices.
write for special circular
Lawrence Barnum & Co.
O')
PHILADELPHIA
■%
JJSTOSBANkers
,
•
rtwM
NEW YORK
27-29 Pine Street
W Corporation, with plant near by, manufact¬
uring staple line, desires to retire 320,000
mortgage, pay other current obligations, to
take advantage of discounts, make additions
to buildings and Install sprinkler equipment.
3150,000 short-term six per cent sinking
fund bonds, a first lien on real estate and plant
appraised by Manufacturers’ Appraisal Co. at
more than double this amount,with a common
stock bonus, are offered.
Company established over 25 years, with
record of consistent earnings; for 10 years
more than double interest charges.
Address: “H. D. M.,” care Commercial &
Financial Chronicle, P. O. Box 958 N. Y. City.
'
n
WASHINGTON
:
U
NOTICE
TO THE HOLDERS OF THE SECOND MORT¬
GAGE
BONDS
OF THE MIDDLETOWN
UNIONVILLE & WATER OAP RAILROAD
CO., DUE JUNE 1. 1910
Please communicate your addresses, with the
amounts of your holdings, to the undersigned, so
that some joint action may be taken for the pro¬
tection of holders of these bonds, the principal of
which still remains unpaid.
H. S. HENRY & SON,
21 State Street, New York
City
THE CHRONICLE
Nov. 19 1910. j
XXI
financial.
LVl
1
-
w'
.wvww^w—
-trtnnnAnnnrj-i.-Lan-rinj-.n - r
$7,500,000
Kansas City Terminal Railway Company
Dated January 3
4 PER CENT GOLD BONDS
MORTGAGE
FIRST
Due January 1 1960
1910
Interest
payable January 1 and July 1 in New 7ork, Boston and Chicago.
Coupon Bonds, denomination $1,000, which maybe registered as to principal; registered bonds,
nominations $1,000, $5,000 and $10,000. Coupon and registered bonds, interchangeable
Callable
as a
whole
on
January 1 1930
or on any
de¬
interest date thereafter at 105 and accrued interest
TRUSTEE, ILLINOIS TRUST & SAVINGS BANK, CHICAGO
original issue of $12,500,000 is listed on the New York Stock Exchange
The
made to list the bonds
now
and application will be
offered
Outstanding (including bonds offered)
Reserved to retire, par for par, all First Mortgage 6% Bonds of the
Belt Railway Co., due July 1 1916...
Reserved for construction, equipment, additions and improvements
$20,094,000
Kansas City
2,500,000
27,406,000
$50,000,000
Maximum authorized issue
Attention is invited to
a
letter of the President of the Kansas City
of which letter will be sent
copy
as
a
upon
Terminal Railway Company,
request, and in particular to the statements thereof
summarized
follows:
following twelve companies are bound unconditionally to provide funds for payment
of principal and interest of these bonds:
The
Atchison
Chicago
Chicago
Chicago
Chicago
Chicago
Kansas
City Southern Ry. Co.
Missouri Kansas & Texas Ry. Co.
Missouri Pacific Ry. Co.
Topeka & Santa Fe Ry. Co.
& Alton RR. Co.
Burlington & Quincy Ry. Co.
Great Western RR. Co.
Milwaukee & St. Paul Ry. Co.
Rock Island & Pacific Ry. Co.
St. Louis & San Francisco RR. Co.
Union Pacific RR. Co.
RR. Co.
Wabash
Company agrees to pay an amount equal to one-twelfth of the principal and interest,
of all bonds of this issue at any time outstanding. If any Company shall fail to
meet its obligations under these agreements, the other companies must make up all deficiencies
ratably.
Each
when due,
r
The combined
surplus income of these companies last year was more than $108,000,000 above fixed
1
charges.
HAVING SOLD A LARGE PART OF THE ABOVE ISSUE, WE WILL RECEIVE
SUBSCRIPTIONS
FOR THE REMAINING BONDS AT 97 AND INTEREST
Subscriptions will be received at the offices of the undersigned until 3 o’clock Friday, November 18
1910, at which time the subscription books will be closed. The right is reserved to reject any and
all applications and also in any case to award a smaller amount than applied for. All subscriptions should be made on forms, which will be sent upon application, and must be accom¬
panied by deposit of $50 per $1,000 bond, to be returned if the subscription be not accepted. The
balance will be payable upon allotment.
If only a portion of the amount applied for be allotted, the
balance of the deposit will be applied towards the amount remaining to be paid. In case of failure
to pay the balance of the subscription when due, all right in any previous payment will vest in us
absolutely without accountability therefor.
*
J. P. MORGAN & CO
LEE, HIGGINSON & CO
NEW YORK
NEW YORK
BOSTON
CHICAGO
ILLINOIS TRUST & SAVINGS BANK
CHICAGO
oTa.
>
■/i'-.ql;
'
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'
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:
■*
'
’
*
'
,
v
*
‘
* *
-
;
v
1 >
-A
V?
,.w,r
4 simultaneous offering wffl'be made in
.
#
.
#
.
.
Messrs. HIGGINSON & 00. and Messrs. MORGAN,
•
JOV.
t\
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' i
>
■
*
*.
•*'
"
^'^‘Subscription books closed Friday, Nov. 18.
#
^
Loa3onJ:bjS.
GRENFELL & CO.
,
This advertisement
ir**
appears as a
matter of record."
XXII
THE
CHRONICLE
[VOL.
LXXXXI.
financial.
INVESTMENT SECURITIES
$250,000
Jamestown Franklin & Clearfield R. R. Co.
First
Mortgage Gold 4s, due June
I PRINCIPAL AND INTEREST GUARANTEED
BY
1
1959.
ENDORSEMENT^? THE.LAKE SHORE
& MICHIGAN SOUTHERN RAILWAY
CO.
TAX FREE IN
PENNSYLVANIA.
AT 95 AND INTEREST—TO NET NEARLY
Minneapolis
$50,000
St. Paul & Sault Ste. Marie
First Consolidated Gold 4s, due
I
Railway Co.
July 1 1938.
THE CANADIAN PACIFIC RAILWAY COMPANY GUARANTEES
AT
4K%.
INTERESTtBYfENDORSEMENT.
97^ AND INTEREST—TO NET OVER 4.16%.
$200,000
General Rubber
Company
10=year 4>£% Debentures, due July 1 1915.
GUARANTEED BY ENDORSEMENT BY THE UNITED STATES
RUBBER ^COMPANY
AND THE RUBBER GOODS MANUFACTURING
COMPANY.
AT
94^ AND INTEREST—TO
NET
6%%.
$400,000
Canadian Northern
Railway Company
ISSUED BY THE IMPERIAL ROLLING STOCK
CO., Ltd.
First
Mortgage Equipment 4J^% Series “V” Gold Bonds.
GUARANTEED PRINCIPAL AND INTEREST BY THE CANADIAN
NORTHERN
RAILWAY COMPANY.
$100,000 due Nov. 1
160,000 “ Not. 1
76,000 “ Not. 1
(76,000 “ Not. 1
_
1913
1914
1915
1916
!
AT PRICES TO NET 6%.
[_ |
I
$50,000
Chicago Lake Shore & Eastern Railroad Co.
First
Mortgage Gold 4J^s, due June I 1969.
PRINCIPAL AND
INTEREST GUARANTEED BY ENDORSEMENT
EASTERN RAILWAY COMPANY AND THE UNITED
STATES
AT 106 AND INTEREST—TO NET OVER
BY
THE
STEEL
ELGIN
JOLIET A
CORPORATION.
4^%-
FULL DETAILS UPON APPLICATION.
Win. A. Read & Co.
Bankers
Members of the New
York, Chicago and Boston Stock Exchanges
25 Nassau
19
Congress Street
BOSTON
Street, New York
203 Bast German Street
240 La Salle Street
BALTIMORE
CHICAGO
5
Lothbury, E.
LONDON
0.
INCLUDING
Bank &
Quotation Section
Railway Earnings Section
VOL. 91.
Railway & Industrial Section
Electric
Bankers* Convention Section
State
Week ending November 12.
1910.
Subscription—Payable in Advance
For One Year
For Six Months
$10 00
6 00
„
European Subscription (including postage)
European Subscription *ix months (including postage)
Annual Subscription in London (including p< stage)
Six Months Subscription in London (including postage)
Canadian Subscription (including postage)
13 00
7 50
£2 14s.
£1 11
s.
$11 50
Subscription includes following Supplement*—
B' NK AND Quotation (monthly)
I S tate and City (semi-annually)
Railway and Industrial (quarterly) I Electric Railway (3 times yearly)
Railway Earnings (monthly)
I Bankers’ Convention (yearly)
Terms of
Advertising—Per Inch Space
$
251,193,243
23,889,300
16,500,673
Chicago
Cincinnati
Cleveland
Detroit
Milwaukee
Indianapolis
Columbus
Toledo
Peoria
Grand Rapids
Evansville
Dayton
Kalamazoo
Fort Wayne
Springfield, Ill..
Transient matter per inch space (14 agate lines)
Two Months
(* times)
$4 20
22 00
times)
29 00
Standing Business Cards
times)
50 00
times)
;
87 00
CHICAGO OFFICE—Pliny Bartlett, M3 Monadnock Block; Tel. Harrlaoa4012
LONDON OFFICE—Edwards & Smith, 1 Drapers’ Gardens, E. C.
WILLIAITl B. DANA COMPANY, Publishers,
P.O.i ox958.
Front. Pme andDepeysterSts..
New York.
Three Months (13
Six Months
(26
Twelve Months (52
Published every Saturday morning by WILLIAM B. DANA COMPANY.
Jaeob 8elbert Jr., Vice-President and Secretary: Arnold G. Dana, Treasurer.
Addressee of both. Office of the Company.
Youngstown
Lexington
Akron
Canton
Rockford
Quincy
South Bend
....
Bloomington....
Springfield, O...
Decatur
Dansville
Mansfield
Lima
Jackson
Jacksonville, Ill.
year.
Tot. Mid. West
San Francisco
Los Angeles
Seattle
Portland
Salt Lake City
Tacoma
Spokane
1909.
$1,733,961,893
156,970,880
124,790,437
27,018,972
233,595,703
68,786,916
19,751,396
—12.4
—0.3
St. Louis
New Orleans
$1,519,233,683
156,478,251
141,350,180
29,586,187
237,440,788
74,004,589
20,946,454
Seven cities, five days
Other cities, five days
$2,179,040,132
525,947.698
$2,364,876,197
512,094,618
—7.8
Total all cities, five days
All cities one day
I
$2,704,987,830
550,943,107
$2,876,970,815
560,727,933
—6.0
—1.7
$3,255,930,937
$3,437,698,748
—5.3
Philadelphia
Baltimore
Chicago
-
Total all cities for week.
+ 13.3
+ 9.5
+ 1.6
+ 7.6
+
6.1
+ 2.7
present below detailed figures for the week ending with Saturday,
November 12, for four years.
Week
ending November 12.
Clearings at—
1910.
$
1909.
$
New York
1,762,972,499 2.215,982,197
134.455.848
149,526,346
Philadelphia....
44.615.002
49,667,377
Pittsburgh
Baltimore
32.669.799
36.475.254
Buffalo
9,243,648
9,828,209
7,615.220
7,435,877
Washington
5.809.087
6.305.673
Albany
....
Rochester
Scranton
4.149.411
2.412,145
3.949.278
2.666.880
Syracuse
2,064.214
1,383,293
1,669,917
1,537,804
1,425,175
1,193,515
1,151,417
1.012,720
822,527
556,963
507,127
2,509,588
1,714,309
1,709,319
1,552,116
1,510,959
1,498,858
1,311,628
994,226
861,507
741,370
624.584
486,500
487,452
277.750
Trenton
Wheeling
Reading
Wilmington
Wilkes-Barre
...
Harrisburg
York
Erie
Chester
Greens burg
Binghamton
....
Altoona
Franklin
550.900
471,573
249.975
Total Middle.. 2,018.541,779 2,498,017,257
Boston
Providence
Hartford
New Haven
Portland
Springfield
Fall River
Worcester
New Bedford....
Lowell
Holyoke
F Tot. New Fog.
Inc. or
Dec.
1908.
1907.
$
$
%
—20.4 2.345.970.510 1.319.578.690
—10.1
120.686.818
139.125.043
—10.2
42.834.284
51.935,767
—10.4
27,920,571
28,753,936
—4.9
9,267,160
8,534.565
4.970.268
6,438,627
+ 2.4
—7.9
4.721.878
6,268,844
3.877.251
4.254.866
+ 17.7
—9.5
2.195.665
2.458.501
—17.7
1,946.103
2,270,857
—19.3
1,384,565
—2.3
1,235,160
1,639,958
—1.0
1.502,013
1,441.237
—5.6
1,372,751
1,298,503
—20.3
1.333,595
1,385,062
—12.0
1.269.798
1.013.019
+ 1.8
—1.5
—25.0
—3.3
+ 13.1
—3.3
—10.0
869,844
698,597
625.932
594,604
546,900
402,031
275,000
768,046
635,397
544.785
443,700
514.800
Minneapolis
Omaha
St. Paul.
Denver
Duluth
St. Joseph
Des Moines.....
Wichita
Sioux City
Lincoln
Topeka
Davenport
Cedar Rapids
Fargo
Sioux Falls
Colorado Springs
Pueblo
Fremont
...
Tot.other West
St. Louis
New Orleans....
Louisville
Houston
Galveston
Fort Worth
Atlanta
Memphis
Richmond
Savannah
Nashville
Norfolk
Augusta
Birmingham
Chattanooga
10.7
565,142
+ 13.9
414,477
185 063 .588
203.458,003
—9.0
210,858.870
164,802,259
+ 9.1
+ 1.5
+ 0.8
+ 8.8
—23.1
+ 14.8
+ 5.5
+
....
Oklahoma
Charleston
Jacksonville
Knoxville
1,624.731
905,966
591.901
453.944
1,449.894
589.269
Total Pacific..
—19.2 2,598,877,306 1.557.084,606
186,294,827
8,627,700
3,593.808
2,719,622
2,013.544
2,208,489
1,430,142
1,645.854
1,208,697
701,710
4,276.398
2,852,883
2,158,227
2,393,185
1,594,838
2,113,947
Pasadena
Little Rock
—10.1
—11.8
9,455.700
Billings
256,421
175,354,385
10,716.800
3,918,530
2,809,361
2,141,190
2,200,000
2,073,816
1,840,648
1.373.838
632.817
496,618
157,614,105
Oakland
Sacramento
Helena
San Diego
Fresno
Stockton
San Jose
North Yakima..
Kansas City....
The full details for the week covered by the above will be given next Sat¬
urday. We cannot furnish them to-day, clearings being made up by the
clearing houses at noon on Saturday, and hence in the above the last day
of the week has to be In all cases estimated, as we go to press Friday night.
noon,
_
Per
Cent.
1910.
New York
Boston
3,393,822
2,755,461
2,506,516
2,261,901
1,361,224
1,101,019
1,047,859
822,948
1,009,201
1,000,486
784,594
645,367
584,493
538,443
561,060
412,468
240,078
226.637
23,727
588,222
1909.
Inc. or
Dec.
1908,
$
%
$
280,738,356
26,711,300
19,846,874
16,399,275
13,996,409
10,052,779
6,188,300
4,445,608
3,502,228
2,960,343
2,566,755
2,031,598
1,364,518
1,040,065
976,114
912,533
850,955
819,600
720,000
717,034
676,552
563,651
567,464
508,338
411,403
396,318
369,093
321,988
300,000
296,939
236,452
33,635
667,206
Lansing
The following table, made up by telegraph. &c., Indicates that the total
bank clearings of ail clearing houses of the United States for week ending
to-day have been $3,255,930,937, against $3,040,611,008 last week and
Clearings—Returns by Telegraph.
Week ending November 19.
3,905,165
400,880
381,663
358,865
378,428
Saginaw
CLEARING-HOUSE RETURNS.
16,708,554
14,261,838
8,595,802
6.134,800
790,000
Ann Arbor
Adrian
$3,437,698,748 the corresponding week last
NO. 2369.
Clearings at—
PUBLISHED WEEKLY.
We
Railway Section
and City Section
SATURDAY, NOVEMBER 19 1910.
Cttrcmiclje.
Terms of
trip
run
143,283,845
7.453.800
3,056.521
2,344,790
Mobile
Macon
....
....
Austin
Beaumont
Vicksburg
_
—10.5
—1.6
—16.9
+ 1.9
+ 1.9
—14.5
—0.9
—12.1
—3.1
—6.9
—2.3
+ 11.3
—0.2
+ 5.9
+ 7.3
—9.8
+ 18.7
—3.6
+ 38.9
+ 9.4
—4.6
+ 3.7
—5.1
+ 10.4
+ 0.3
+ 1.2
+ 3.4
+ 11.5
+ 26.1
—19.2
402,189,683
—9.1
42,813,455
14,184,160
14,678,568
9,891,788
7,370,484
6,337,657
5,287,396
1,840,424
1,409,712
1,199,111
1,201,010
776,553
718,163
712,584
476,025
292,857
523,975
+ 0.3
+ 11.0
—22 4
106,951,879
54,273,843
22,723,010
15,005,560
12,805,707
9,260,970
3,922,960
6,329,848
3,635,597
3,559,813
2,571,896
1,480,657
1,393,042
1,519,320
1,405,995
957,506
1,400,000
740,841
734,674
295,958
99,714,112
56,031,261
30,594,834
15,233,085
12,864,429
10,804,500
7,514,035
6,903,789
4,170,633
3,305,241
2.987,863
1,508,435
1,597,078
1,214,731
1,406,526
1,342,131
995,000
658,876
814,741
350,559
144,017,197
73,435,073
23.691,831
13,199,553
15,450,858
8,533,500
8,510,607
16,511,753
11.521,514
7,374,850
6,325.514
3,750,000
3.487,666
3,802,421
3,038,359
2,500,000
2,736,447
3.109,321
2,642,684
1,591,862
1,918,582
1,530,199
1,525,465
1,462,584
650.000
464,185
800,000
160,296,847
—10.2
80,782,384
25,704,585
12,653,519
14,271,466
8,657,500
8,753,337
—9.1
—7.8
2.000.326
1,932,413
Jackson
Meridian
1,155,023
Wilmington ,N .C.
370,000
735.000
Total Southern
220.669.828
8,569,774
5.579.206
3,828,945
3,570,004
2,979,564
2,552,891
2,674,892
2,263,989
2,215,071
2,154,244
1,914,764
1,900,246
1,510,336
1,275,000
921,126
690.509
650,685
655,000
340,423
700.000
220,828,459
2,439,248
2,232,464
1,885,029
1,167,078
1,025,968
945,000
708,795
828,841
710,000
715,748
665,530
532,221
495,152
499,162
463,145
389,064
358,856
361,083
314,878
290,000
294,486
162,896
40,213
—4.2
—29.5
—11.8
Not Inc luded in total
365,364,737
42,953,045
15,743.464
11,328,638
10,760,350
6,775.691
4,197,762
4,842,278
3,014,334
1,536.028
976,799
1,350,000
750,000
609.744
600,330
631,456
183,960
700,000
13.788.662
9,370.337
260,802,237
28,716,950
16.271,078
14,389,842
13,294,413
9,005,215
5,931,700
3,724,401
3,300,201
372,960.944
40,142,102
11,780,296
10 648 449
8.8
6^900,000
—8.1
—33.8
—8.4
7,192,640
4,942,663
3,768,693
1,733,309
1,091,595
1,028,107
803,000
807,210
59L016
575,482
330,909
227.765
+
+ 63.8
+ 9.0
—18.6
+ 12.4
^—3.4
—15.1
—15.8
+ 32.6
—37.2
+33.6
*
+ 7.3
—3.1
—25.7
—1.5
—0.5
—14.3
—47.8
—8.3
—12.8
+ 7.7
—13.9
—1.9
—12.8
+ 25.1
—0.04
—28.7
+ 40.7
+ 12.4
—10.0
—15.7
+ 4.3
+ 8.3
—1.4
—2.8
+ 19.7
+ 23.0
—13.9
+ 13.4
—2.1
—2.3
+ 27.6
+ 19.0
—6.5
+ 20.9
+ 40.4
+ 22.7
—16.9
+ 1.0
+ 1.3
+ 19.6
+ 58.7
—5.9
—15.7
+22.1
+ 8.7
1907.
$
197,606,634
21,730,500
17,036,051
12,755,225
10,442,624
6,398,603
4,963,600
3,975,773
1,315,980
2.278.076
2,018,013
1,669,079
772,082
658.588
787,278
1,590,938
540,103
500,000
535,000
635,699
425,000
413,481
405,651
458,133
240,852
231.679
300,000
276,319
227,829
149,909
35,000
292,273,709
30,756,381
9.558,869
8,789,667
5,441,735
3,904,923
4,696,348
3,528,047
1,505,214
785,000
835,631
580,000
466,736
—--*S
92,663,236
70,848,551
47,266,425
28,155,890
12,401.042
11,186.576
10,228,709
30,171,610
22,892,482
10,689,052
9,363,984
7,410,033
5,115,776
2,981.268
1,777,150
2,988,585
1,239,658
1,399,780
1,146,769
853,126
1,048,088
775,000
810,396
664,141
276,903
3,618,499
2.867,342
1,347,159
1,722,107
1,569,463
925,602
961,834
130,315,282
70,799,899
18,931,791
11,910,380
16,918,615
8.489,500
7,510,113
97,141,005
5.993.574
7,301,229
6,890.170
4,949,040
3,641,741
2,696,302
2,159,205
2,166,666
1,639,881
2,100,000
2,046,230
1,756,216
1,504,346
1,639,098
1,441,361
736,917
881,456
642.540
796,679
660,938
550,000
843,232
561,592
189,597
56,791.833
19.151,366
10,240.495
10,741,990
6,880,500
4,480.657
5.548.350
5,774,235
6,814,384
6,389,475
3,903,328
2,708,585
2,209,346
2,239,748
772,450
1,722,956
1,189,561
1,353.876
1,479,041
1,400,000
1,387,225
670,767
800,000
405,000
552,717
449,000
+ 5.0
415,000
525,000
—0.7
186,163,987
155.580.169
•
Total all
3,640,611,008 3.694,404,361
—17.0 3,591,739,625 2,337,730.298
Outside N. Y
1,277,638,509 1,378.622,164
—7.3 1.245,769,115 1.018.151,608
feNofe.—For Canadian Clearings see "Commercial Mid Miscellaneous News.”
1350
THE CHRONICLE
OUR RAILWAY EARNINGS ISSUE.
We send to our subscribers
to-day the November
number of our “Railway
Earnings” Section.
this
[VOL.
reservoir, from which
withdraw it
to it
may
everyone
LXXXX1.
legitimately entitled
at will and into which it must
automatically return whenever it is not actually
used.”
But how is this desideratum to be obtained?
He tells us that “the Central
Bank, having cash obli¬
In
give the figures of earnings and ex¬
penses for the latest month of every operating steam
railroad in the United States, big and little, which is gations, must have the strongest possible reserve of
cash and quick assets
payable within a short time.
required to file monthly returns with the Inter-State
The general banks,
having obligations payable only in
Commerce Commission at
Washington—altogether cash
credit,
have
need
reserves only in cash credit and in
over 800 roads or
systems, comprising an aggregate of
quick assets convertible at all times into cash credit.”
more than 235,000 miles of line.
In another
part of his address he says that “cash
publication
we
Dalances with the Central Reservoir or its branches
must be considered and counted
by the banks as
THE FINANCIAL SITUATION.
In
considering the admirable address delivered on cash in their own vaults.” More than that. “The
Saturday last by Paul M. Warburg of Kuhn, Loeb & Central Organ must have
power to request the banks
Co. at Columbia University, at the conference on the to
keep with it cash balances 'proportionate to the
currency question held under the auspices of the Acad¬ amount of
their deposits owned by banks.” In a foot¬
emy of Political Science, one is led to think how easy it note he tells us that
by “banks” is always meant
would be, theoretically, to construct a
perfect bank¬ national banks, State banks and trust
companies.
ing and currency system for the United States under
But would the
large financial institutions in New
Mr. Warburg’s guidance, and
yet how beset with York and Chicago and other central reserve
cities, a
difficulties must be the task of putting such a
system number of which have attained dimensions
putting
into practical effect. It is evident from the
carefully- them on an equality with some of the great central
guarded utterances of Senator Aldrich at the afore¬ banks of
Europe, readily, or ever, yield up their
said conference that the
Monetary Commission has present right of holding their cash reserves in their
as yet made
very little progress towards formulating own vaults? Is it not certain that
they would oppose,
its views on the subject. But this is tantamount to with
all their might, the transfer of their own
cash to
saying that there are so many practical obstacles to some Central Organ in
exchange for the “cash credits”
be overcome in devising a scheme that shall be at once of such
central institution—no matter how
sound and workable that the members of the National
powerful
the Central
Organ might be, no matter how securely
Monetary Commission have as yet been unable to solve safeguarded, and no matter how
readily it might yield
the problem in a way satisfactory to themselves. If it
up its cash on demand? As we interpret Mr. War¬
were possible to
begin de novo in the construction of a burg’s plan, the Central Reservoir is not to
be an
banking system, and if there were not preconceived additional reservoir, but
practically the sole reservoir.
notions and ideas to overcome, the task would be
by It seems correct to say that cash should be centralized
no means
baffling to the ingenuity of the trained mind. into one big reservoir and that a financial
system
But to take the crude system which we
to seek to adapt it to modern
now
have and
which “scatters and decentralizes reserves” is
wrong
and defective. But recent
experience and recent
education is to the effect that it is not wise to burden
requirements—which
practically to uproot it in some of its most es¬
sential parts—makes the
undertaking one of Herculean the central institution too much or to rely
upon it
proportions, from which the cautious investigator exclusively. Late legislation
in this and other States
shrinks more and more the deeper he
gets in his study compelling the trust companies to hold extensive cash
means
of the
subject.
Warburg furnishes the outlines of a scheme that
seems altogether
sound, theoretically, and he works
out his ideas in a
thoroughly logical fashion. And
yet, as he develops one feature after another in his
plan, leading the mind to marvel at the masterful way
in which it has been constructed, the
question which
suggests itself with ever increasing force is whether its
very merits, as an argumentative proposition, would
not be the strongest objection to it from the
standpoint
of the legislator, by reason of the radical
departure
from existing methods which it would involve.
It is
at all events clear that the
practical carrying out of
the plan would at one stage or another of the
pro¬
reserves
Mr.
In like
in their
own
the
vaults is founded
on
that idea.
English joint-stock banks, after
having been for years criticised for relying entirely
upon the Bank of England, have within the last
twelve or eighteen months in a number of cases been
accumulating cash of their own.
Mr. Warburg thinks it is
becoming recognized “that
Central Banks are not oligarchic but democratic
insti¬
tutions, that Central Banks by creating safe conditions
render the small bank
independent of the domination
of the large institutions, and that in
Europe the
Central Banks are the backbone of the
independent
banks in their fight against the
ever-growing branch
banking system.” We fear that Mr. Warburg is a little
cess encounter innumerable obstacles
and drawbacks, too sanguine in this
respect and that it will be no easy
founded on prejudice and long-established
matter
to
usage,
get the average small bank to assent to the
which it would be almost
impossible to overcome anc proposition, while the larger banks, which are now a
which would fail to command for the new scheme that
power in themselves, will be sure to antagonize it.
No
general assent necessary to make it a success.
objection will be raised to his statement that “a system
Mr. Warburg lays down the doctrine that “a finan¬ of centralized reserves and
decentralized hanking power
cial system which scatters and decentralizes
is
reserves,
clearly the system that this country requires,’!, but
and makes them
unavailable, and insufficient in case i the further conclusion, that the
country “will gladly
of need, is
fundamentally wrong and defective.” “In accept it when once it has this clearly presented to it
a modern
system,” he argues, “constructed on credit, in a definite
form,” may be doubted, for it does not
cash must be centralized as far as
possible into one big allow for the perversities of human nature or the influs
'
manner
Nov. 19 1910. |
Tltte CHRONICLE
^iii i■■ i <
tiummi&Jim
■
prejudice and the inclination on the part of the
public to regard with suspicion the growth and cen¬
ence
of
especially where it takes the
corporate form. No development of modem times is more
conspicuous than the ever-present antipathy to the latter.
Mr. Warburg says the U. S. Treasury should cease
tralization of power,
•
directlv with the banks. “The Central Reservoir should be the recipient of the Government’s sur¬
to deal
n ■
—
1351
■
The difficulties here outlined
peculiar to
Warburg’s carefully thought-out plan. They are
inherent in any plan which attempts a reform of our
banking and currency system in a thorough-going
way.
We refer to them here at length because they
serve to indicate why progress thus far in the work has
been slow, and why every one in authority seems re¬
luctant to proceed in any but the most cautious way.
The principles that should apply are well understood,
but how to secure acceptance for them and put them
into practical operation is the problem which taxes
ingenuity.
are
not
Mr.
plus funds and should attend to the Government’s
disbursements. The influence in business of the
Treasury, a purely political body, must cease.” No
truer words than these were ever spoken.
How to
apply them, however, so as to find acceptance for
It is merely a coincidence in time, yet it is encour¬
them is another matter.
Mr. Warburg undertakes to
meet the objections that have been raised against the aging that right after the elections have called at least
creation of a central institution by saying that“the a temporary halt in the war against business, and all
management of the Central Reservoir must be abso¬ aggregated capital, comes a decision that regulation
lutely free from the dangers of control by politics and of insurance rates does not fall within the constitu¬
by private interests, singly or combined.” He goes tional powers of a State. The case arose in conse¬
further and outlines a plan by which the dangers of quence of a law enacted by Nebraska last year con¬
such control would be obviated. Under this arrange¬ stituting a State board to fix rates in fidelity and
ment, the majority of the Board of Directors of the surety insurance, this board being made up of the
central institution would be appointed by groups of Governor, Attorney-General and Auditor of the State.
banks all over the country, leaving the Government The American Surety Co. of this city sought from the
directors in a minority. But would Congress ever Federal Court an injunction restraining enforcement
consent to the Treasury’s parting with its cash hold¬ pending a judicial review; in retaliation, the State
ings to the Central Reservoir, and the transfer to it brought an action for a $5,000 fine upon the company,
and another to procure its expulsion from the State.
even of its $150,000,000 gold reserve, as is contem¬
The last-named action has not yet been brought to
plated in a certain contingency which Mr. Warburg
discusses—would it consent to the turning over of its trial; the other has been decided in favor of the com¬
funds in this way to an institution not under the pany by Justice Munger in the Federal Circuit Court.
absolute control of the Government. And if the The real controversy, he says, is over the power of a
Government had such control, how could politics be State to fix rates; this had not before been judicially
reviewed, although several States have undertaken to
kept out of it?
Liberty of contract, he says, is
We agree entirely with Mr. Warburg in what he exercise the power.
says concerning mercantile paper, and also in the pref¬ subject to the police power of a State, but he reviews
it in connection with the Fourteenth Amendment,
erence he expresses for it as an investment for bank
funds. There is something very telling about his which forbids depriving any person of property without
characterization of “the folly of a system which makes due process of law.
While it is established (as by three cases cited) that
the commercial paper purchased by a bank immova¬
ble assets, locking up the capital of the purchaser, a State may regulate charges of a business so affected
and which forces the banks to consider as their only with a public interest as to amount to a practical
quick assets cash in their vaults, which they must not monopoly, Justice Munger distinctly says that the in¬
surance business under review possesses no monopoly
use, and call loans on the Stock Exchange, which dur¬
ing a panic they cannot turn into cash.” Fluidity characteristics, and that the public interest in it “is no
of credit, he says, must be our final aim. “A sound different from its interest in the business of any large
financial system must mobilize its commercial paper mercantile or manufacturing company whose capital,
and make it a quick asset instead of a lock-up. Mobil¬ experience and facilities may enable it to have a widely
This is the.point in the case:
ized commercial paper must finally become the most extended patronage.”
that size, wide extent and public service and need as
important basis of our financial structure instead of
to any particular business do not necessarily affect that
bonds and loans on Stock Exchange collateral.”
He would have the Central Reservoir deal only with business with.such a “public interest” as gives the
.
banks, bankers and trust companies, and he would State control over its prices.
Several
decisions
are
cited, in one of which it was
have it purchase commercial paper from banks and
said
that
if
a
legislature can fix the minimum rate
trust companies only.
He admits, however, that
of
“the difficulty here is that we have as yet no stand¬
wage it can fix the maximum; also the prices of
ard discount paper such as exists in England, France flour, fuel, land and general merchandise; but that
and Germany, and that, therefore, in order to avoid these are powers which have never been conceded and
abuse, some system must be invented which will act their exercise by a legislature would be utterly repug¬
nant to ideas of civil liberty. The conclusion of Justice
as an effective control and which will supply an addi¬
tional and safe guaranty.” Thus we are up against Munger is that, since the portions of the Nebraska Act
another snag, though in a previous paper Mr. Warburg- cannot be separated, the whole must be declared void
made suggestions intended to show how paper of this and its enforcement enjoined.
The rating law of Kansas, now on the court calen¬
class could be provided in accordance with a scheme
“which, while strict enough to prevent any abuse, dars, may naturally be supposed to come in due course
could still be made broad enough to allow of practical under the same reasoning, for certainly no logical dis¬
and effective
operation.’.’
tinction
can
be discovered between statutory
fixing
1353
THE
CHRONICLE
[VOL.
LXXXXI.
of
prices of one commodity dealt in by a private cor¬ results
ought to be. Certainly; and the “ifs” need
poration and the fixing of prices of all commodities.
not stop there.
For instance, if railway
employees
Some of the
freight
rates
weeks ago we
pleas made against
any
increase in
laboriously far-fetched. A few
incidentally mentioned the plea of a
are
Western professor that
against the admitted rise in
wages should be offset the advantage the
railways
and their wives used ideal
economy and made their
money go farther, there would be less need of
higher
wages; and if all shippers were what
they should be,
and if human nature were
improved, and if and if,
why then rates might be reduced rather than raised.
“It seems to us
(says Mr. Brandeis) that before
enjoy by virtue of being heavy purchasers, to which rates are
advanced the shippers should he certain that
the sufficient answer
is, that this advantage was everything has been done
that is possible in the
way
enjoyed and exhausted long ago, and therefore does of
reducing
operating
costs.”
The
roads
are
asked
not apply to the
present changed situation. Now to show
affirmatively that
we read that the
shippers are about to present to the on their part, and this is everything has been done
naturally a difficult under¬
Inter-State Commission, when the
subject is again taking; yet to make the
taken up, a method
by which, in the shippers’ opinion, more difficult, and will shippers “certain” of it is
be actually hopeless if the
the railways can make both ends meet
without any roads are to be
opposed by a lot of imaginary pro¬
advance in rates.
positions introduced by an “if.”
This newly-discovered method is
by “economies,”
and some un-named engineers
(who possibly have
In Germany, as in the
United States, the high cost
noted Senator Aldrich’s rather
general remark to of the necessaries of life is
begetting trouble for the
exactly the same effect about the business of the
Government, and in both countries remedies, or at
country) “have estimated that 300 millions a year can least
palliatives, are being diligently sought. Mean¬
be saved in operating
expenses by economy in manage¬ while it is
very gratifying to note that prices of com¬
ment and
stopping leaks.” Descending slightly to¬
modities,
particularly meats of all kinds, are declining,
wards particulars, Mr.
Brandeis, counsel for the in part
as a result of the lower quotations
objecting shippers, says that the average daily travel for comundoubtedly
and other farm products utilized for
of freight cars is
feeding
only 25 miles, while their economic purposes. The
disposition
will
everywhere
be
to en¬
rate of movement is 15 miles an
hour. “If you allow
courage this wholesome movement by
the widest possible
every possible
margin for demurrage and un- means, in the
hope
of
allaying
popular discontent, and
preventable delays, there seems to be a great loss
there; thus pave the way for reasonable rather than frenzied
moreover, the cars are run one-third or one-half
full, tariff revision. Capital, of course,
and there again is waste.”
recognizes the de¬
sirability of lowering the cost of doing business,
Exactly—this may seem convincing, to persons
eradicating the economic inflation that the panic of
earnestly desirous of no rate increase. But the only 1907 did not
wholly cure and, as a not inconsiderable
car which can maintain
its “economic rate of move¬
consequence, facilitating the accumulation of real
ment” all day is the car that is
returning empty. savings by the people at large. The lack of new in¬
Inducing some return load by offering special con¬ vestment
capital is, indeed, a cardinal problem con¬
cessions is a natural
railway policy; yet it is liable to fronting this
country to-day, and until a change for
be met by the
outcry against alleged discriminations. the better has been
brought about through curtailment
Railways already have a system for keeping tab on of
expenditures (necessary and unnecessary), our lead¬
their cars, with the
purpose of minimizing lost time,
ing bankers will not be able to view the future without
and the demurrage
charge is one of the means to that some
misgivings. Happily, prevailing conditions are
end; but demurrage is also one of the things
opposed,
enforcing a return to habits of economy and frugality.
and the shipper who wants a car
ready for his use in
In Germany the
Imperial Government, according to
the hour when he himself is
ready, and also wants the the cables this week,
yielding to an insistent and wide¬
car to stand
by until his convenience is fully served in
spread demand, contemplates the free admission of
discharging or loading his freight, is a very present
foreign live stock intended to be immediately slaugh¬
obstacle to converting wastes into an
300 tered to supply the domestic meat markets.
imaginary
millions saving. '
Already
Chancellor von
Bethmann-Hollweg
has allowed Baden
Mr. Brandeis disclaims
any belief on his part ’’that and Alsace-Lorraine
to import animals from
we
consider the railway
France,
operating officials do not and the expectations are that
know their business,”
Germany’s
whole
frontier
yet that is the proposition will be thrown
open to shippers of live stock from
which
he
presents
nevertheless.
Economies and
waste stoppages are no new
problems in railway
management, although some of these advisers who
would avoid any advance in rates seem
to deem it a
new
discovery on their part. For example, one of
them suggests that
railway managers have been
ing with
a
telescope and should
study¬
now use a
He is in error;
microscope.
both those valuable instruments are
already in use by railway managers. He suggests that
the difference between
locomotive grease-cups at 100
cents
or
50 cents each is
important; that if a track is
to only 50% of its proper
efficiency standard, and
if the locomotive is
only one-half as good as it ought
to be, and if the
engineer is only one-half as
up
as
he
ought to be, why then results will
capable
not be what
all
countries
except Russia. This
shrewd political move calculated
is
construed
to forestall
as
a
agitation
Legislature by the Socialists, whose progress
is watched with concern
by the more conservative
element in the Government. A cry for
cheap meat
would, it is foreseen, prove a formidable party slogan;
hence the conciliatory attitude of the Chancellor.
Naturally the incident has been hailed with rejoicing
by the free trade advocates in Great Britain, who, in¬
deed, have been taking pains to demonstrate how
much cheaper meat is there than in
protected Prussia.
And, happening just at this juncture, it has attracted
much notice in the United
States, for here also there is
a
growing feeling that our agricultural community has
made such progress
during the last thirteen years that
in the
Nov.
they
no
191910.]
THE CHRONICLE
longer need all the protection afforded them
under the
present tariff.
ambitions
1353
of territorial
aggrandizement. President
unequivocal declaration should satisfy all
parties, both abroad and at home. It may do some¬
thing to allay the uneasiness expressed by certain
foreign countries over the announced intenion of our
Government to fortify the Panama Canal.
In view
of the unpleasantness with Mexico on account of the
recent riots against Americans, as well as our stand
during the Nicaraguan revolution, the assurance that
we are committed to a policy of peace and the
preserv¬
ation of the independence of the smaller nations to the
South,rather than to a policy of arrogance and usurpa¬
tion, comes with peculiar timeliness.
During his visit to the Canal the President, according
to all accounts, was very favorably impressed with the
progress made since his last tour of inspection twentytwo months ago.
The engineers expressed confidence
in their ability to finish the gigantic undertaking
by December 1 1913, although between then and
January 1 1915,the date fixed for the official opening,
the waterway may be used by vessels at their own
risk. Not the least satisfactory promise made to the
President was one that the Canal can be completed
within the cost already authorized, namely $375,Taft's
Thursday the third session of the Eleventh
Parliament of Canada was opened at Ottawa by the
Governor-General, Earl Grey, as the personal repre¬
sentative of King George, and he read the customary
speech from the throne. After appropriate references
to the death of King Edward and the accession of King
George, to the Dominion's present prosperity in
industry and agriculture, to the steps taken to create
a Canadian Navy,
to the settlement of the New¬
foundland fisheries dispute, and to the satisfactory
state of of the country's finances, the negotiations for
establishing closer trade relations with the United
States were commented upon at some length. “The
desirability," says the King's speech, “of more
equitable tariff arrangements between the United
States and Canada has long been felt on this side of the
border. The commercial policy of the Republic has
not hitherto favored imports from Canada.
We have
bought largely from the United States, but they have
bought much less from us in return. It is gratifying
to find a more liberal policy is now favored by the
neighboring country and that the Government at 000,000.
Washington expresses a desire to establish better
trade relations with the Dominion." After a refer¬
Monetary conditions have improved where improve
ment was most needed and assistance has come from
ence to the conference held several months ago between
President Taft and the Canadian Ministers, the recent the “quarter where it could be best afforded. To be
meeting of Governmental representatives of the two more specific, the banking position has been strength¬
countries at Ottawa is referred to in these hopeful ened at London, Berlin and New York while Paris
terms: “While no conclusions have been reached and alone reports a loss of gold reserves.
The Bank of
no formal proposals made, the free discussion of the
England has succeeded by means of its 5% discount
subject that has taken place encourages my Govern¬ rate in raising its stock of coin and bullion to the
ment to hope that at an early day, without any respectable total of (in round figures) $175,000,000,
sacrifice to Canada's interests, an arrangement may against less than $157,000,000 in the last week of
be made which will admit many of the products of the October. The proportion of reserve to liabilities has
Dominion into the United States on satisfactory been swelled to 52%%, as compared with a ten-year
terms." The growing agitation in almost every average at this season of not quite 46%. This week
section of the United States for lower tariff schedules alone the gain in bullion amounted to $11,325,000 and
is calculated to stimulate President Taft and his the exchanges favor another substantial addition to
advisers to seek by every means in their power to form the Bank's holdings between now and next Thursday.
an agreement with Canada on reciprocal lines.
The Under these circumstances, it is not astonishing that
prospects of tangible results being, obtained are discount rates have weakened to below 4%% for
brightened by the attitude of the agricultural classes 90-day bills. The Imperial Bank of Germany con¬
tinues to build up its stock of gold and silver and to
across the border, who in no uncertain fashion im¬
pressed upon Premier Laurier during his recent tour reduce its note circulation and discounts. On Thurs¬
their strong desire for the removal of the existing day it disclosed an increase in cash of fully $15,000,000,
tariff barriers.
simultaneously with a reduction more than twice as
great in the other accounts named, while its deposits
President Taft, with characteristic frankness, has increased by upwards of $30,000,000. The demand
assured the Panama Republic that' the United States for money at Berlin has not, however, abated, a fact
has not the slightest intention of bringing about that is reflected by a rise in discounts to within a small
annexation. The President's statement will silence fraction of the 5% Bank rate. The Bank\of France
criticisms at home and abroad, based on a fear that lost approximately $1,700,000 gold, but reduced its
this country has designs upon Panama. The President notes and circulation more than its advances to the
described the United States as “the guarantor of the treasury and for bills discounted have increased. In
integrity of the Republic of Panama, and therefore addition to sending further consignments of gold to
in a sense the guardian of the liberties of her people," London, Paris, it is reported, has made shipments to
and added that “this relation neither calls for nor India; but although the rates of exchange between
permits annexation." It has been hard for the United New York and Paris favor gold imports to this country,
States to convince European and Oriental nations, as the Bank has not intimated a willingness to release
well as Central and South America, that her policy in the metal without charging a premium; hence no
dealing with the little Republic of Panama has been inflow has taken place nor is one looked for at present.
actuated by broad-gauge motives springing from a Last week's Clearing House statement showed several
desire to open up a great trade route for the commerce healthy changes in the accounts of local institutions.
of the world and not in any way associated with Not only did the actual surplus improve to the extent
On
1354
THE CHRONICLE
IVol.
lxxxxi.
«of
$6,831,775, but loans were reduced by $15,175,500, having a policeman
accompany each chauffeur. The
or $3,153,600 more than the loss in
deposits. During city, consequently, has witnessed the spectacle of taxi¬
the current week interest rates have declined
sharply cabs plying for hire with a policeman sitting on the
to 4M@4H% for all time maturities and to an
average box. The firm stand taken by Mayor
Gaynor is
of 3}i% for call loans as contrasted with 4
J4% last expected to teach the strikers the lesson that employers
week.
Domestic exchange rates, as well as the are entitled to the
same fair
play in regard to engaging
ascertained movements of currency, suggest that to¬ labor as the
employees have a right to expect from
day's bank statement will also be quite favorable.
their
masters—although in these days the word “mas¬
ters" sounds out of
place, that role having too often
A delicate situation has been forced
upon the United been usurped by the professional
agitators paid by the
States and the Mexican governments
through the unions. The courts having already decreed that
disturbances, referred to last week, which followed working men have no right to use violence in
forcing
the lynching of Antonio
Rodriguez at Rock Springs, employers to discharge all but members of the union, it
Texas. The Mexican authorities have shown
praise¬ was obviously the duty of the Mayor to act as he now
lawless
worthy determination to subdue the
spirit has done. The moral effect should be most satisfac¬
that has broken out, but hostile demonstrations have
tory.
been made against Americans at several
points, while
sensational reports were received on
Wednesday
“Hope deferred maketh the heart sick." This is a
that “Mexicans, numbering nearly 400, are
marching characterization that might well be applied to the
on Rock
Springs, Texas." A large force of Texan course of the copper trade
during the last two or three
cowboys, amply armed, gathered to repulse the years. It seems, however,
that a more roseate view
alleged invaders, but fortunately their services were of the situation can now be
taken, and as we always
not required, the rumor
having been without founda¬ like to present the bright side of things, we
gladly
tion. Our State Department has acted in a concilia¬ make room
for the following letter:
tory spirit, although insisting upon proper reparation
New York, Nov. 17 1910.
Editor “Commercial and Financial Chronicle”:
for the unfriendly acts committed in the
City of
Dear Sir.—In your issue of Nov.
Mexico a fortnight ago. The Mexican authorities are
12, in commenting on
the monthly statement of the
Copper
Producers’
Association,
likewise demanding satisfaction for the
killing of you mention the increase in output as a disturbing feature,
Rodriguez, while at the same time doing everything and as proof that the policy of curtailment is not being
possible to avert further friction. Last Saturday the practiced as you were given to understand.
It should be noted that more than half the
increase of
Chief of Police at Anadarka, Okla., was killed
by a October production over September is due to the addi¬
man
supposed to be a Mexican, and a band of searchers tional day in October. However, the
point which seems to
sought to hunt down the fugitive. Meanwhile in¬ be most misleading, if one can judge from current comment
vestigations are being conducted by both countries on the subject, is the confusing of the mine output with the
into the various regrettable incidents that have refinery output. Refinery output for October is not a
true index to the mine
output for the same month. In the
occurred, and there is every reason to believe that Case of the Utah Copper Co., with which I am
familiar, the
diplomacy will succeed in avoiding a rupture. Indeed, mine production for October is transported to the mill, where
the processes of milling, smelting,
the episode has enabled the two nations to
shipping the blister copper
dissipate
to the
assertion often made in the Southern
and sometimes in
Europe, that bitter
an
Continent,
enmity towards
the United States lurks behind the ostensible friendli¬
ness of Mexico and other
republics to the South.
The
settlement
drivers,
of
the
strike
of
express
wagon
followed,
as
settlement
on
the basis of the
“open shop"
principle, meaning thereby the employment of men
irrespective of their union relations. The strikers,
however, stubbornly refused to accept such an arrange¬
ment, and insisted upon the “closed shop." Their un¬
compromising attitude incensed the Mayor, who
promptly declared that he would afford thorough
protection to the companies' cabs
time.
It is safe to say in a general
way that an average
of four months is consumed between the time of
production
at the mine and the day that the
production appears in the
statistics in New York as refinery output.
The current figures for refinery output are not and will not
be a true index for other reasons in addition.
The present
the understanding that the companies production represents a working-off of refinery stocks
discriminate against union men, has been accumulated during the past summer. It is also true that in
the next few months it will be
is frequently the case, by dissatisfaction
over the
discharge of employees alleged to have been
guilty of unlawful practices during the strife. It was
feared that the refusal to
re-engage certain strike lead¬
ers would
reopen the whole dispute and result in an¬
other general strike.
Events have proved, however,
that the majority of the drivers were
strongly averse
to such a course; in fact, the attitude assumed
by the
men created the
impression that they were not entirely
in sympathy with those
discharged on the ground of
having committed violence. Since then the city has
been much inconvenienced
by the strike among taxi¬
cab drivers.
Mayor Gaynor again endeavored to bring
a
refinery on the Atlantic seaboard, and the process
refining here, require a total of about four months in
on
would not
about
of
even at
the cost of
necessary to import consider¬
able copper in order to employ the refinery
capacity, which
will not be adequately supplied by the time the mine cur¬
tailment begins to diminish the supply for
refining purposes.
The consumers of copper understand the
meaning of the
statistics as published, and do not consider them a
feature,
disturbing
as
copper, as
is shown by the healthy and normal demand for
against the panicky condition of the buyers last
summer.
Very truly
yours,
EUGENE MEYER JR.
A decided
augmentation in the value of our merchan¬
with the preceding month is
foreign trade statement for
October 1910—an increase swelling the total for the
month to 208 millions of dollars, the
largest aggregate
ever recorded for a similar
period. Imports, too,
were heavier than in
September, but only very mod¬
erately so, and, moreover, were less than in the corre¬
sponding month of 1909. It follows, therefore, that
the net export balance for the period was of
conspicu¬
ous
proportions, in excess of any month since January
1908, when, as in November and December of the
dise exports as compared
the salient feature of the
NOV. 19
1910.)
THE CHRONICLE
the volume of imports suffered ma¬
a result of the panic, while exports were of
Considered superficially, the
then record amount.
export result for the month would be taken to indi¬
cate an important enlargement of our general outward
trade, when as a matter of fact the increase in the ag¬
gregate, as compared with September, is contributed
almost wholly by one commodity—cotton.
Further¬
more, contrasted with the month of last year, although
other articles combined exhibit a small gain, that
there is any excess at all is due to the higher prices
ruling for cotton, for with the quantity exported
smaller by fully 3%, the value is greater by over 4%.
It is interesting to add that the October 1910 average
export price of cotton at near 14% cents is the highest
that has ruled for that period since 1874, and compares
preceding
terially as
year,
with 13.4 cents in 1909 and 9.1 cents in 1908.
The total outward movement of merchandise
for
1910, at $208,057,785, contrasts with $200,697,343 in the month of 1909 and $171,984,538 in
October
The advance
1355
countiy showing a more or less notable let-up in
activity, whereas in some of the more rapidly growing
sections the projected operations were upon a larger
scale than
ever
before.
This latter is true, for in¬
stance, of Chicago, where the contemplated expendi¬
ture under the permits. issued is greater than ever
before in
October, and, so far as our records go, second
only to May 1909. In fact the estimated outlay under
the contracts entered into in various sections of the
country is slightly greater than for September, and
exhibits
only a moderate decline from October last
year.
As compared with October 1908, the current
total also records a slight decrease, due, however, to
the much smaller operations this year in Greater New
York.
Operations in Greater New York, as a whole,
were a little less in October this year than in 1909, the
work for which contracts had been arranged reaching
an estimated cost of only $13,999,611, against $14,641,896 a year ago. At the same time it is to be noted
that in the leading borough (Manhattan) a gain of
19.7% is indicated and in Queens the increase is
45.8%. Brooklyn, however, continues to show a
conspicuous lack of activity, the October loss being
46.7%, and there is a decline of 12.7% in the figures
figures, however, of the principal
items of export (excepting cotton) do not compare fa¬
vorably with a year ago. Breadstuffs show a loss of
about 6 millions of dollars, due wholly to decreased
shipments of wheat and flour; provisions a decline of for the Bronx. Contrasted with 1908 there is a loss
1 million, mainly in oleo oil; cattle a drop of near % a
for the whole city of 39.4%.
Outside of Greater New York there are a number
million, and mineral oils a decrease of a million and a
quarter. For the ten months of the calendar year of large percentages of increase at leading cities other
1910 the merchandise exports covered an aggregate than Chicago, the most conspicuous being at Los
value of $1,430,984,543, or 69 millions larger than in Angeles, Rochester, Seattle, Oakland, New Bedford
1909, but exceeded by 81% millions in the like period and New Haven. On the other hand, quite heavy
of 1907.
The leading contributors to this year’s in¬ losses are reported at Buffalo, Denver, Kansas City,
crease have been irori' and steel and manufactures
New Orleans, St. Paul, Spokane, San Francisco, Salt
(some 35 millions), cotton (11 millions), and wood Lake City, Washington and Tacoma, and lesser de¬
and leather; the most important losses have been in clines at Newark, Philadelphia and St. Louis. The
provisions, breadstuffs, mineral oils, vegetable oils and aggregate prospective expenditure at the outside cities
animals.
(105 in number) for October 1910 at $47,492,501
Imports of merchandise for the month were, as shows a diminution of 8.6% from the same period
stated, less than for October a year ago. The inflow of 1909. Contrasted with 1908, however, there is a
of all descriptions of goods reached $123,868,448, gain of 17.3%, while the augmentation over 1907
comparing with 127% millions in 1909 and 102 mil¬ reaches 12%. For all the cities reporting the total is
lions in 1908.
For the ten months they aggregated a $61,492,112, against
$66,592,781, or a decline of
value of $1,296,226,777, which constitutes the record 7.6%; compared with the month of 1908 the decrease
for the period, exceeding that of 1909 by 100 millions, is 3.3%, but there is a gain over 1907 of 8.2%.
and the previous high-water
For the ten months of the calendar year 1910 the
mark (1907) by 76%
millions. Conspicuous as contributing to this year’s returns for the 106 cities furnish indubitable proof of
gain have been India rubber, fur skins, sugar, iron and activity in the building industry of the country, not¬
steel, oils and seeds; and the most notable losses have withstanding the recent partial let-up. Of course as
been in wool, coffee, and silk. The favorable
or compared with the unprecedented total for the period
export, balance of merchandise for October reaches of 1909, a falling off is shown, this year’s aggregate
$84,189,337, the heaviest recorded in October since 1900, of 701 millions of dollars contrasting with 743 millions,
and exceeding 1909 by 11 millions. The ten months’ or a loss of 5.7%. But compared with the estimated
balance, however, at $134,757,766, is comparatively outlay in 1908 (516% millions) there is an excess of
light, having been surpassed in every year since 1895 35.6%, and the gain over 1907 is nearly 11%. Greater
and by upwards of 370 millions in 1900 and 1908.
New York’s operations in the ten months of 1910
The gold movement during the month was quite fall behind those of last year by 21.5%, but exceed
generally in this direction, but of moderate propor¬ 1909 and 1908 by 25.9% and 5.9%, respectively.
tions, and largely through ports other than New York. Outside of this city, however, gains are shown in all
On balance, we gained $3,496,929, reducing the net cases, there being 1.2% improvement, as compared
outflow for the ten months of 1910 to $6,139,025.
In with last year, 39.3% compared with 1908 and 11.8%
October 1909 exports of gold exceeded imports by compared with 1907.
$2,345,238 and for the ten months of that year we
lost net $68,512,679.
Foreign discount rates have not moved uniformly
during the week, weakness at one point having de¬
Building-construction returns for October 1910 are veloped concurrently with firmness elsewhere. The
of much the same general character as those for Sep¬ most gratifying change has occurred at London, the
tember, a number of the larger municipalities of the pivot on which the world’s money markets revolves.
1908.
,
■
THE CHRONICLE
j
^
^
•-
-jt
S'
.
1356
;•
[VOL.
A
LXXXXI.
Thanks to the generous
attracted to London by
increase in the amount of gold home and abroad,
including a much better banking
the 5% Bank rate, the amount position in London, less
unwillingness in Europe to
available for discounts has been increased, accept American bills, a return flow of
of money
with the result that rates have declined. The
range
for spot bills is now 434 to 4Y%% for 60
days and
4)4% for 90 days, while bills to arrive are quoted
at 434% for 60 days and
4)4% for 90 days—figures
that may be still further lowered,
owing to the favor¬
able state of the international
exchanges. Yet it
would seem premature to discuss the
possibility of a
reduction in the Bank rate until after the turn of the
especially as the whole political situation—as
explained in a special article on another page—has
again been upset by the decision to dissolve Parlia¬
ment on Nov. 28.
The demands for capital by foreign
year,
governments have also to be taken into consideration.
Paris,
during a long succession of weeks, continues
right kind of bills at 2)4%, a figure in
striking contrast with the charges levied at all other
as
to discount the
centres.
The
firmness
which
manifested
itself
in
currency to
New York from the
interior, an increase in the surplus
reported last Saturday, greater curtailment in
loans than the falling
off in deposits, very light bor¬
rowing by Stock Exchange houses, large offerings
of funds by certain
very wealthy interests, and few
applications by underwriters for large blocks of new'
capital. Until this week there had been a disposition
to regard the
money market as less comfortable
fundamentally than superficially; later events have
modified this judgment, yet there are still
symptoms
of a restraining character.
How comes it, for exam¬
ple, that the best drawers of mercantile bills, a form
of security second to
none, should encounter difficulty
in finding buyers at
5)4%, when collateral loans are
freely offered at 434%? The average difference be¬
tween time money and discount rates
commonly is
only 34 of 1%, not 1)4%
Or, again, is it not sugges¬
tive that even the railroads of the
highest credit are
not able to finance their needs
by means of bonds or
stock, except on terms that cannot be entertained
reserve
•
Berlin
nearly a fortnight ago has become more pro¬
nounced, notwithstanding a marked improvement in
the status of the Imperial Bank of
Germany. The
quotation for spot bills is now 4%%, while bills to save in cases of dire
necessity? Money brokers were
arrive are not accepted under the Bank minimum of never so
restricted by lenders as to the kind of collateral
5%. At Amsterdam rates have ruled in the neighbor¬ to be accepted; in at
least two notable instances lenders
hood of the Bank rate of 4%. Brussels
quotes 4)4% of the largest calibre prefer to do business below the
No changes in the official discount rates were made
regular market quotations in order that the security
this week in Europe, nor are
any advances known to be provided may conform to their
rigid standards. These
pending, but yesterday the Bank of Bombay raised its facts are here enumerated, not with the intention
minimum from 5% to 6%.
of creating undue suspicions as to the
stability of the
The Bank of England not only secured most of the
money or security markets, but merely to show that
£600,000 South African gold offered in the open the much lower rates named for call and time
loans
market on Monday but received
£1,000,000 from have not been accompanied by corresponding changes
Brazil and made other
purchases. As our special in allied directions, and that there is still need, as
London correspondent records in his
weekly cable, the conservative bankers have all along urged, for acting
were
exports
light. The Bank was therefore able with circumspection. After the new year it should be
to record on Thursday a net increase in bullion
of possible to view the monetary outlook without con¬
This
has
raised
£2,265,149.
the total amount carried
cern, but at the moment it may be well to remember
to £34,964,014.
The advance in the ratio of reserve that the final six weeks of the
year not infrequently
to. liabilities, however, was
slight, from 51.91% last bring at least temporary flurries in call loans and stiff
week to 52.36% this week. This was due to
other rates for over-the-year maturities..
important changes in accounts, including increases of
The range of quotations for time money
may be said
£762,102 in loans, £3,470,056 in public deposits? to be
4)4 @434% for all periods. During the week
£619,000 in government securities and £351,056 in 4?4%
was almost always paid for 60-day facilities, but
circulation. Ordinary deposits,
notwithstanding the yesterday supplies were available at 434%. The
loan expansion, fell off £207,096. Since the
statement offerings have been augmented by out-of-town insti¬
was
compiled the Bank has bought £369,000 gold, tutions, and as the inquiry has been
unusually limited,
but it is understood that
£250,000 will be sent to the market has had an over-supplied appearance.
Argentina to-day. On Monday next about £550,000 Yet bankers and
money brokers still claim that normal
new Transvaal
gold will be available in the open borrowing would quickly absorb the
surplus and bring
market and the prospects are that the Bank of
England about firmer rates. In detail, the range now is: 4)4%
will again purchase most of
it, the only other likely for 60 days and 4)4 @434% for 90 days and four,
competitor being India, which took the balance of this five and six months,
with, however, little or no
week's offering.
Our correspondent advises us that business done at the low figure. Call
money has
the details of the movement into and out of the
Bank declined 1% since last week. A maximum of 3)4%
for the week were as follows:
Imports, £1,913,000 was quoted on Monday and Tuesday, but on Wednes¬
(of which £1,000,000 from Brazil and £6,000 from
day no loans were made above 334%, while on Thurs¬
Australia), and £907,000 bought in the open market, day only 3% was reached. Yesterday the
range was
of which £23,000 French
coin); exports, £61,000 (of 2)4% to 2)4%, with the final loan made at 2)4% The
which £30,000 to South
Africa, £10,000 to Egypt, average ruling rate for the week has been 3)4%.
£9,000 to South America and £12,000 to various Commercial
paper is in plentiful supply. There has
destinations), and receipts of £413,000 net from been some buying by local trust companies and out-ofthe interior of Great Britain.
town banks, but business on the whole has been
quiet.
Rates have not responded to the weakness in
money,
Interest rates in New York have declined
quite the range being 5)4 @6% for the choicest four to six
sharply in consequence of a series of developments at months' single names, with most of the
discounting
•
■.
.
Nov, 19
1910.)THE CHRONICLE
Less desirable bills run from 634
Sixty to 90 days endorsed bills receivable
at 5 34 @6%.
done at 5% @6%.
to
634%.
are
offered
1357
the afternoon and the close
Brown
Bros. & Co
October and that the returns for the current month
Kidder, Peabody j
& Company
falling off. The supplies of cotton bills
have diminished and grain bills are likewise lighter.
The need for hurrying forward shipments to Europe in
order to prevent gold exports passed some time ago,
and indeed sterling rates declined to a level which
brought imports of the metal within reach. This
week the exchanges have ruled in favor of a gold
movement from Paris to New York, but the Bank of
France has not adjudged our position critical enough
to warrant it in parting with any of its already reduced
stock, except at the customary premium; therefore, no
engagements are at all likely to be made. Nor do
quotations at the moment render an inflow from
London feasible, although fluctuations have lately been
so erratic that no one knows what to expect.
For
example, demand sterling, after closing on Wednesday
at 4 85%, opened on Thursday at 4 8634 but relapsed
to a shade below 4 86 by the end of the day.
Weak¬
ness was
again in evidence yesterday morning, sight
drafts touching a minimum of 4 85%; but before the
close they recovered to 4 86. The publication of the
October foreign trade returns, showing a new high rec¬
ord for exports at $208,057,785 and a balance of $84,189,337 over imports, had no perceptible effect upon ex¬
change. Indifference was also manifested towards the
pronounced improvement in the Bank of England’s
position, while even the lowering of money rates at
home did not appear to influence the day-to-day
operations of exchange dealers. The truth is that
speculation has been largely responsible for the some¬
what violent ups and downs in rates. It is expected
that the purchase of blocks of new securities by bankers
having influential connections abroad will shortly be
followed by drawing of exchange against sales to
Europeans. On the other hand, however, extensive
remittances are always occasioned by the Jan. 1 settle¬
ments, and arrangements therefor will soon be in order.
It will thus be realized that the strictly monetary
conditions here and in London, the state of our foreign
trade and the outlook for activity in international
security movements combine to form a complicated
foreign exchange situation the outcome of which no
one cares to predict at this stage.
Compared with Friday of last week, sterling ex¬
change for demand and cable transfers was firmer on
Saturday, with quotations at 4 8555@4 8560 and
4 8610@4 8615 respectively; 60 days was lower at
4 8150@4 8155. Cable transfers advanced to 4 8615
@4 8620 on Monday, while demand and 60 days were
practically unchanged. On Tuesday demand moved
up to 4 8570@4 8580, cable transfers to 4 8620@
4 8625 and 60 days to 4 8155 @4 8165.
On Wednes¬
day demand advanced to 4 8585@4 8595, cable trans¬
fers to 4 8635@4 8645 and 60 days to 4 8185@4 8190.
Demand on Thursday touched 4 86% early in the day,
but relapsed before the close to 4 8590@4 86, while
cable transfers, after advancing in sympathy, closed
at 4 8645 @4 8655; 60 days was quoted 4 8190@4 82.
On Friday early weaknessJgave place to strength in
the basis of
86% for cable transfers.
The following shows the daily posted rates for
sterling exchange by some of the leading drawers.
handling large amounts of foreign exchange
have been forced to the conclusion that the high-water
mark in our merchandise exports was reached in
a
on
4 86 for demand and 4
Bankers
will show
firm
was
Frt..
Mon., Tues.,
Wed., Thun., Frt ; '
Nov. 11. Nov. 14. Nov. 16. Nov. 16. Nov. 17. Nov. 18.
.
Bank of British
North America
Bank of
Montreal
Canadian Bank
of Commerce
J60 days 4 82 H
4 86H
4 82 H
4 86 H
/ 60 days 4 82 H
.1, Sight..
J60 days
.ISight..
J60 days
.\Sight-.
/60 days
Heidelbach, Ickelhelmer & Co
Lazard
Freres
Merchants' Bank
of Canada
82 X
-ISight./60‘days
_1Slght_.
-\Sight-.
J60 days
.
ISight..
J60 days
-ISight..
4
4
4
4
4
4
4
4
4
4
4
The market closed
82 X
86 X
82 X
86 H
82 X
86 X
82 X
86 X
82 X
86 X
82 X
86 X
82 X
86 X
82 X
86 X
86X
82**
86 H
82 X
86 X
82 X
86 X
82 X
87
82 K
86H
82H
86H
82 H
86H
86 X
82 H
86 H
82
82
86
86
82 H
82H
86H
86H
82 X
82 X
86X
82X
86 H
86X
82 X
82H1
86X 1
82 X <
86 Hi
86 X
82 X
86 X
82 X
86 X
82 X
82 X
86 X
82 X
86X
82X
82 HI
86 H]
82 H
86 H
82 H
86 X
82 X
86 X
82 X
86 X
86 X
82 X
86 X
82 X
86 X
82 X
86 X
86 X
82 X
86 X
82 X
86 X
82 X
86X
82H
86 H
Friday at 4 8220 @4 8230 for
60 days, 4 8595@4 86 for demand and 4 8645@
4 8650 for cables.
Commercial on banks was quoted
at 4 81% @4 81% and documents for payment at 4 81%
@4 81%. Cotton for payment ranged from 4 81 @
4 81%, grain for payment from 4 81% @4 81%.
The
on
following gives the week’s movement of
to and from the interior
by the New York banks.
Received by
Shipped by
N. Y. Banka. N. Y. Banks.
Week ending Nov. 18 1910.
money
Net Interior
Movement.
>
Currency
Gold
Total
gold and legal tenders
**
With the
s-:
.0
$6,891,000
1,641,000
$4,410,000 Gain
790,000 Gala
$2,481,000
851.000
$8,532,000
$5,200,000 Gain
$3,332,000
.
Sub-Treasury operations the result is
as
follows.
Week ending Nov. 18 1910.
Banks’ interior movement, as above.
Sub-Treasury operations
Total gold and legal tenders
The
Into
Banks.
Out of
Banks.
$8,532,000
32,600,000
$5,200,000 Gain
33,600,000 Loss
$41,132,000
Net Change in
Bank Holdings.
$3,332,000
1,000,000
$38,800,000 Gain $2,332,000
following table indicates the amount of bullion
principal European banks.
in the
Nov. 17 1910.
Nov. 18 1909.
Banks of
Gold.
Silver.
Total.
£
£
£
0>’d.
£\
England.. 34,964,014
34,964,014 35,5 ,159
France
131,801.080 33",327,480 165,128,560 142, 1,760
Germany. 38,727,650 13,120,150 49,847,800 36, 6,200
Russia
145,704,000 6,055,000 151,759,000 142, t 8,000
A us.-Hun
55,242,000 11,817,000 67,059,000 56, 0,000
16,389,000 30.474,000 46,863,000 16. 5,000
Spain
Italy
39,150,000 3,476,000 42,626,000 38,382,000
Netherl’ds 10,245,000
1,714,700 11,959,700 10,080,000
Nat.Belg..
5,446,667
2.723i333 8,170,000 4,210,000
Sweden
4.480.000
4,480,000
4,377,000
Swltzerl’d.
6,255,000
6,255,000 5,031,000
2,021.000
Norway
2,021,000 1,765,000
..
...
_
....
..
..
Silver.
Total.
£
£
35,345,159
35,874.760 178,856.520
11,622.900 48.359.100
6.642,000 149,070,000
11,928,000 68,918,000
30,664,000 46,749,000
4,100,000 42,482.000
2,753,100 12.833.100
2,105,000 6,315,000
4,377,000
«■«*
5,031,000
1,765,000
Total week 488.425.411 102,707,663 591,133,074 494,411,119105,689,760 6(10.100.879
Prev. week 484,879,978 102,226,247 587,106,225 489,504,505 05.422,543 594,927,048
THE NEW TURN IN BRITISH POLITICS.
An event of the first importance in the present week
has been the sudden
recurrence
of the
English political
crisis.
To explain why the contest between the Lords
and Commons, which most people supposed to have
been* relegated to the field of quiet discussion and
Parliamentary compromise, should have so suddenly
reappeared in an urgent form, it is necessary to look
back to the deadlock of last spring and the incidents
which followed. Most people will recall the curious
results which developed after last ^January’s Parlia
mentary election. The Liberals haijf gone to the
country on the issue of the virtual veto* applied by the
House of Lords to the Budget
They had
expected an overwhelming victory
polls and, as
a inatter of fact, they did win a majority; but that
majority was so far reduced from what had been
gained in the general election of 1906 as to place the
Ministry largely at the mercy of the Irish Nationalists.
ofrf|p9.
1358
THE
At the close of 1909 the Liberals had held
a
CHRONICLE
clear
plurality of two hundred and nineteen Parliamentary
votes over the
Unionists, and, in addition, had at
hand on certain questions the vote of
eighty-three
Nationalists and thirty-two Labor members. The
election of 1910, however, left for the Liberals alone
a
plurality of only one over the Unionists; which
meant that, on the great
majority of questions, they
must seek the aid of the
eighty-two Nationalists and
forty-one Labor members in order to retain control.
The
immediate consequence of this
situation was
aggressive pressure by the Irish members for an issue
with the House of
rect is
[VOL.
evident from the stand taken
yesterday.
Lord Rosebery
on
LXXXXI.
by Mr. Asquith
his part proposed in
question, in
the House of Lords his own solution of the
the nature of resolutions with the
following
visions.
pro¬
(1) That the House of Lords shall consist of Lords
Parliament (a) chosen by'the whole
body of heredi¬
tary peers from among themselves and by nomination
by the Crown; (6) those sitting by virtue of their
offices and qualifications held
by them, and (c) those
of
chosen from outside.
(2) That the term of tenure of all Lords of Parlia¬
ment shall be the same
except in the case of those
of preparing the sitting ex-officio, who would sit only so long as they
path for a Home Rule bill such as could not be vetoed. hold the office by reason of which they sit.
These moves appear to have somewhat
At the end of March last
year Mr. Asquith presented
embarrassed
in the House of Commons a series of resolutions the Ministry's immediate
plans—not less so when, as
declaring, first, that the House of Lords should be all the despatches indicate, the English people as a
disabled by law from rejecting or
amending a money whole are irritated over the prospect of the interrup¬
bill; next, in the second place, that “the powers of the tion of business and paralysis of confidence which
would probably attend another
House of Lords as respects bills other than
general election. At all
money bills
be restricted by law so that
any such bill which has events, Mr. Asquith yesterday definitely announced
passed the House in three successive sessions, and, that Parliament would be dissolved Nov. 28 if the
having been sent up to the House of Lords at least one House of Lords in the meantime rejects the Veto Bill.
month before the end of the session,
has been rejected It is possible that the Liberal Party's wish to force the
by that House in each of those sessions, shall become issue now is due to certain gains by that party in the
law without the consent of the House of Lords on the by-elections.
This has been notably so in the Wal¬
thamstow
Royal assent being declared, provided that at least
constituency, which the Liberals carried last
two years shall have elapsed
between the date of the January by a majority of 2,195, but in which a fort¬
first introduction of the bill in the House of Commons night ago they polled a
majority of 2,776.
and the date on which it passes the House of Commons
Just how far this indicates
any general change in *
for the third time.” The House of Lords
the feeling of the people it is a little
early to conjecture.
replied by
formulating plans for the Constitutional reconstruction If it is true that the Irish Nationalists are forcing the
of its membership, but
plainly intimated its deter¬ Ministry's hand in the Lords dispute, then Home
mination to oppose the Asquith resolutions as
Rule itself will of necessity become a foremost issue in
they
stood.
any new election.
But the election of last January
What the result of this fresh clash of
opinion would showed pretty clearly that, whatever may be said
have been under ordinary circumstances it is difficult of Ireland, English constituencies are
by no means in
now to say.
Feeling was certainly embittered to a favor of the plan. If this issue, then, were to obtain
high degree. But on the 8th of May King Edward the centre of the stage, the Liberal outlook in the
died.
Political strife
and untried
was
by
way
instantly allayed.
A
new
electoral contest would be doubtful.
On the other
King hand, the campaign for a protective tariff has by
George's urgent personal request, and with the hearty all appearances lost rather than gained ground since
approval of the English people, the whole Constitu¬ last January; so that if the Conservative party should
tional struggle was
postponed, and the question of see fit to place what they call the issue of tariff reform
reform of the House of Lords and of its
relations to the at the head of their campaign issues, a distinct advan¬
Commons was submitted for mutual conference to a tage might again be gained
by the Liberals. In other
joint commission of eight, who considered the matter words, the choice of issues by each of the two great
throughout the summer.
parties, as preliminary to a new election, is a question
What brought the situation to its
on which much of the
present critical
subsequent results will hang.
stage
sovereign
Lords
came
to the throne.
At
the sudden announcement, toward the close
week, that all these joint negotiations had
was
of last
broken down.
As to precisely why this had
happened,
the news is most obscure.
The break-down of the
conference occurred, in fact, at the
very moment when
serious publications like the London
“Spectator” were
proposing
long continuance of that conference, with
view
considering Constitutional reform on a
broader basis. How
perplexing this aspect of the
situation is may be judged from Mr.
Asquith's formal
statement, after announcing the ending of the delibera¬
tions, that, in the opinion of all the members of the
conference, “the conditions under which the proceed¬
ings were held preclude disclosures in regard to the
a
to
a
course of the
negotiations or to the causes leading to
their termination.”
All that can now be said is that
an
immediate appeal to the
country by the Liberals
at once
inferred, and that the inference was cor¬
was
A
GREAT
OBJECT-LESSON
AND
ITS
TEACHING.
The
figures of
expended by railways during
for improvement of the city's trans¬
portation facilities, obtained by the “Journal of Com¬
merce,” by direct inquiry of the companies, deserves
more than the merely incidental reference we made to
them last week. The total, including that of the
traction companies, is 549% millions, being at an
average rate of over a million per week during the
decade. The chief items are 100 millions by the
Pennsylvania, plus 40 millions by the Long Island;
57% jnillions by the New York Central and 36 millions
by the New York New Haven & Hartford; and over
31 millions by the Lackawanna, Erie and Central of
New Jersey, besides 68 millions for the McAdoo tubes.
In the 11% millions
by the Erie is included cost of the
the last ten years
sums
SToy. 19
THE CHRONICLE
1910.]
1359
by which the commuters, complain¬ contract, therefore tending straight towards the com¬
ing over a small increase in rates, avoid the old tunnel. pulsory municipal operation which the Commission
Because the work is incomplete, comparatively little has apparently been aiming to produce.
A clamor is
set up already—particularly from Brooklyn, notwith¬
public attention has been drawn as yet to the huge
reconstruction of the Grand Central Station, in which standing that borough is really the last which ought
has been sacrificed a “new” station which used to rate to favor this scheme—to push the Board of Estimate
into consent. It is even excitedly hinted that if the
as a marvel of size and convenience.
All this construction has been undertaken and Commission (to which the law gives the initiative)
carried through without push from any commission, cannot have its way now, its members will be so
and, fortunately, without much interference beyond disgusted that they will fold their hands; that is, it is
that offered' at one time when the Board of Aldermen suggested that the sole choice lies between the “tri¬
seemed to assume that the Pennsylvania ought to pay: borough” and an indefinite further delay.
Such a
for the privilege of building a great public work by its course would be an unworthy one on the part of the
own funds exclusively.
There is no pretense of an Commission; but if the alternative to a still further
altruistic motive; the impelling power was a business delay in subways is really to commit the city irretriev¬
necessity which these roads recognized and through ably after the plunge is once made, to a course of
which they would share in the resulting public benefit. unwise borrowing and municipal operating, then far
As cannot be too distinctly emphasized, the work has better let us wait than make a bad start.
The plea now urged that only by the “triborough”
been done without pause, without waste, without fuss
scheme can connection and use be found for some
or disturbance, after the most developed of engineering
processes, and in the most admirable adjustment of subway links and the bridges which were built or begun
means to ends;
it has been “business” from first while the whole problem was less understood than
to last, and thus offers an object-lesson which this city now, is hardly worth serious consideration; engineering
and business ability are not so limited that no other
never so much needed to study and imitate as at this
very hour.
What kind and size of mess a “public* way is open. It is, however, plain that the members
undertaking of the Grand Central job would have of the Commission, having taken up and persistently
produced, complicated as it was by the necessity of clung to the notion that private capital must be kept
keeping up an increasing train movement, may be left at a distance lest it again get the better of the city in
to an active imagination.
bargaining, and thus,having worked out a scheme of
There is another lesson.
The fact that certain their own which should be quite independent of
corporations, under no pressure except that of a situa¬ existing companies, are naturally loath to have it fail.
tion with which they must cope or face a financial But it is neither unjust nor discourteous to them to say
retrogression, have expended so enormously here, that their wishes and feelings are of no weight as com¬
proves how colossal are the problem and the possible pared with the public good and with the colossal im¬
profits of local transit. Capital has gone (and will portance of the situation. Reduced to the plainest
doubtless continue more or less to go) into railway terms, the choice lies between permitting private
construction in new territory which has to be de¬ capital to build subways or committing the city to a
veloped; but here, in the second city on the globe, is hazardous course from which it cannot escape after
once beginning.
an existing traffic need which increases faster than the
This is no matter of keeping pre¬
means for meeting it, so that it is elementary and
election pledges (if any such were given) or of placating
undeniable that capital fairly hungers to undertake the clamor of one or another section for starting sub¬
the work.
Right here is the most inviting and the way work immediately; the need of the hour is to
best recognized passenger transportation opportunity; consider, with care and a long-distance forecast, the
yet capital does not undertake it, while the call for interests of the entire city.
more subways rises almost to a popular clamor.
Set against each other these patent and inconsistent
ATLANTIC COAST LINE RAILROAD REPORT.
factors: an unequaled opportunity for businesslike
The Atlantic Coast Line Railroad Co. is one of the
handling, a swelling outciy for new transit lines, an
abundance of capital which wants employment, and few railroad systems in the country which are able to
nothing accomplished except discussion and disagree¬ make a satisfactory showing of net earnings for the
ment.
Any rational stranger arriving in this city, if fiscal year ending June 30 1910. In the case of most
these factors of the situation were laid before him, large railroad properties, as is well known, though
would instantly inquire why private capital has been there might be very substantial improvement in gross
kept back, and what conceivable occasion exists for revenues, comparisons of the net have as a rule been
seeking to force the city into doing, with its own disappointing, owing to the great augmentation in the
credit and at its own risk, what private capital is ready expense accounts—expenses having increased to such
to do, with a businesslike efficiency and swiftness of an extent as either to leave only very small gains in
which the great works already accomplished on private net or an actual falling off in the same. It is, there¬
account give unanswerable proof.
Directness, effec¬ fore, more than ordinarily pleasing to find in the re¬
tiveness and common-sense methods, on the one hand, port of the Atlantic Coast Line Railroad an exhibit of
set over against the indirectness, bungling and wastes the opposite nature.
In other words, we have in
this instance substantial improvement in both gross
of public construction—this is the contrast.
four-track open cut
,
The test is
now
while it is to be determined whether
and net.
In brief, during the twelve months ending June
city is to be committed to the “triborough”
scheme, involving expenditure of many millions for 30 the Atlantic Coast Line RR. was able to add
uncorrelated units which will be an incompleted work, $3,666,203 to its gross revenues and to carry forward
unequipped for operation and without any operative $1,905,985 of this amount as a gain in net, the in-
the
THE
crease
in expenses
CHRONICLE
having been only $1,760,218. Two
main circumstances account for the
fact that this
company was able to keep its increase in
expenses
within much more moderate limits than most
other
companies. In the first place, the management have
succeeded in very greatly
operations, and in the
improving efficiency of
second
place
in some
fast, so that com¬
parison has been with relatively big figures, besides
which there were in 1908-09 some
special events which
served to swell expenses for the time
being, and which
were not
repeated in the twelve months under review.
We refer more
particularly to the fact that in the latter
part of August and the early part of September 1908 un¬
precedented floods in Virginia, North Carolina, South
Carolina and Georgia
seriously affected operations on
the company’s lines in those States.
Even in face of
that drawback, the
company had succeeded in re¬
gaining control of its expense accounts in the
of the earlier years
had gained
expenses
very
year
referred to (1908-09), as was evidenced
by the fact
that operating expenses and
taxes in that fiscal year
were
reduced $1,980,895
coincidently with an in¬
[Vol.
lxxxxi.
But this improvement in the net
would not have
been possible, even with the
change for the better in
the
ordinary conditions, except for the success at¬
tending the effort at establishing increased
efficiency
of
operations.
Evidence of the way economies in
management are being prosecuted
appears plainly
from certain statistics in
the present report.
For
instance, while, as compared with the twelve months
preceding, the number of tons of freight
transported
increased 10.30%, and the
tonnage movement one
mile increased
12.67%, and there was an addition of
14.74% in the number of passengers carried and of
16.99% in the number hauled one mile, the increase
in the revenue train
mileage was only 9.03%. This
means, of course, that the train load was
again en¬
larged.
As these figures cover
only two years, how¬
better idea of what has been
ever, a
be gained
As
accomplished can
by extending the comparisons further back.
pointed out by us in previous annual reviews
conditions
r
the Atlantic Coast Line
system are not
such as to adnpt
of a very high average train load.
Nevertheless, with the further addition in the late
crease of
$115,012 in gross earnings, hence producing
year, the average has been
a gain of
brought to above 201 tons,
$2,095,907 in net, to which the further in¬ at which
figure
with 194 tons for
comparison
is
crease in net for 1909-10 of
1908-09,
$1,905,985 is additional.
with 185 tons for
1907-08, with 178 tons for 1906-07
If these two years stood
by themselves, the saving in and but 167 tons for
1905-06. In other words, in
expenses at a time when expenses elsewhere
were, ris¬
four years the lading of the trains has
been raised con¬
ing in such a marked degree would have to be
regarded
siderably
over
20%.
As
a
as almost
consequence of the larger
phenomenal. Going back somewhat fur¬
average load, the freight trains earned $2 56
ther, however, we find that very
per mile
noteworthy augmen¬ run in 1909-10, against $2 44 in
tation in expenses occurred in
1908-09, $2 29 in
antecedent years, thus
1907-08, $2 20 in 1906-07, $2 17 in 1905-06 and
allowing room for contraction as soon as the expense $2 08 in
only
1904-05—this with an
average
rate
per ton
accounts—which, as on other systems, had been rising
per mile of 1.27 cts. in 1910, 1.26 cts. in 1909 and
1.24
inordinately, owing to the .congestion of traffic and cts. in
1908, against 1.31 cts. in 1905. The effect of
insufficiency of labor—were again got under control, the
saving in this and in other ways is reflected in the
and as soon as the
management could carry into effect fact
that, in face of a great growth in traffic in both
their carefully laid
plans for savings and economies the
freight and the passenger departments, the soin operations.
Direct comparison with these earlier
called transportation expenses in 1909-10
were only
years is not possible, owing to the
changes in the classi¬ $9,227,836, against $9,908,607 two
fication of revenues and
years before in
expenses enforced by the In¬ 1907-08.
ter-State Commerce Commission with
July 1 1907.
In what has been said
above, therefore, we see por¬
But an idea of the
way in which this railroad
system
trayed
the
reasons
for
the
relative reduction in operat¬
had fallen under the
sway of the conditions then ex¬
isting may be gained through some comparisons on ing cost. It should also be noted that growth in traffic
has facilitated the downward course of the
the old basis of
cost of
computation. Thus, in the two years
ending June 30 1907, gross earnings had risen from moving traffic per unit of service. This growth is
illustrated in the fact that the late
year’s gross earn¬
$22,222,902 to $26,771,529, but net
earnings had actu¬ ings were the largest in the
history of the company.
ally declined from $8,033,135 to $6,329,502. Follow¬
As striking evidence of the more recent
advance, we
ing this, there came in 1907-08 the period of business
may note that in the last three years the number of
prostration, as a result of which gross
earnings fell tons of freight transported one mile has risen from
away, while at the same time the causes
which had 1,493 millions to
1,639 millions, and the number of
served so largely to
augment operating cost ' in the
passengers one mile from 237 millions to 304 millions.
years immediately
preceding continued in force, work¬
Lest the reader may think,
however, that the same
ing, therefore, a further reduction in net. For this
low ratios of expenses to gross
receipts are to be, or
period (as was pointed out by us in previous
on
reviews), can be, continued in the immediate future, it is im¬
comparisons with preceding years are out of the
portant to direct attention to certain remarks in the
question, for the reason already stated; but,
taking the report which clearly show that the opposite is to be
figures just as reported, there was a decrease of
$742,- the case. The report points out that the very satis¬
476 in gross, offset in amount
of only $398,232
by a factory net results from the year’s business must be
reduction in
operating expenses and taxes, leaving a attributed to what is called the
“economical momen¬
loss of $344,244 in net to be
added to the losses of the
tum,” which carried through the first six months to
two previous
years.
It is this dwindling of the
Dec. 31 1909.
Since that date, it is stated, such
long continued through preceding years, that net,
large
paved
increases
have been made in wages, and the cost of
the way for the
improvement that has distinguished materials has
advanced to such an extent, that the
the results of the last
two years and
completely
’changed the character of the company’s income ex¬ increase in operating expenses in September 1910 ex¬
ceeded the increase in gross
hibit.
earnings, .so that the net
recorded a decrease as compared with
September 1909.
exact
Nov. 19
iritis cHttoNictte
1910.]
1361
in the report. One of the events of the year was the
part of the report it is pointed out that,
in common with practically all the railroads of the execution of a mortgage to secure an issue of $200,000,000 of 4% bonds, designated “Unified 50-Year 4%
country, the Atlantic Coast Line made large increases
In another
in the salaries and wages of employees during the year.
The greater part of these increases was not
effective
until the last months of
the year, and accordingly oper¬
under review indicate only
operation which must re¬
expenses in the period
in part the enhanced cost of
sult therefrom.
It is estimated
ating
will add at least
$1,250,000 per
that such increases
annum to the operat¬
ing expenses of the system.
Fortunately, through the company's improved net
earnings, the margin of income above the require¬
ments for dividends and fixed charges has now been
brought up to very substantial figures. Back in
1907-08 the company had net income available above
fixed charges in the sum of only $2,781,147, which was
barely sufficient to meet the call for dividends. As a
matter of fact, in that fiscal year 3% out of the 5J^%
declared in dividends was not paid in cash, but, out
of prudence, was paid in Atlantic Coast Line Railroad
Co. 4% certificates of indebtedness. For the year
under review the balance of net income above fixed
charges was no less than $6,993,254, while the call for
dividends, at the rate of 5% on the small amount of
preferred stock and 6% on the common stock, was no
more than $3,239,937.
It is proper to state that the increase in the year's
surplus is not entirely due to the larger amount of net
income derived from the operation of the road. The
company also increased its income from investments
and from other outside sources to the extent of $427,282.
And this followed in the main from the fact that
Mortgage," dated Nov. 16 1909. During the
year $15,000,000 of these bonds were issued, $6,400,000 of these being to represent construction, additions
and betterments; $858,300 of 1st consol, mortgage
50-year 4% gold bonds were put out for the same pur¬
pose. The amount of common stock was increased
during the twelve months by $9,426,800, this being is¬
sued in exchange for $12,726,180 of convertible de¬
benture bonds.
Thereby the total of common stock
was raised to $57,964,500.
The net result of the
various bond issues and bond exchanges during the
year is a decrease in the aggregate of the funded debt
of $2,141,580.
It should be added that the changes in
the company's holdings of its own securities in its
treasury have resulted in a net increase in the aggregate
of such holdings during the twelve months of $9,711,825, bringing the total up to $16,766,075.
Gold
RAILROAD GROSS AND NET
SEPTEMBER.
As the months succeed
the
part played by
EARNINGS FOR
each other in rapid succession,
rising
expenses
in the affairs of
becoming increasingly im¬
portant. This is owing to the faot that gross earn¬
ings are no longer showing gains of the magnitude of
those recorded in the early months of the year, and in
some cases are actually falling behind the totals of
1909, while at the same time expenses are tbeing added
to in certain fixed amounts, by reason of the increases
in wages which have been so generally granted rail¬
road employees during the current year. It thus fol¬
United States railroads is
control of the Louisville & Nash¬
Railroad, which is now on a 7% dividend basis, lows that the augmentation in expenses, speaking of
the roads collectively, now reaches an aggregate ex¬
as against only 5J^% paid in the previous fiscal year.
The figures in the report cover an average of 4,482 ceeding the amount of the growth in gross revenues,
miles of road, as against 4,434 in the previous year. thereby causing a falling off in net earnings in quite a
the company owns
ville
The Louisville & Nashville
1
Railroad is operated
as a
substantial
sum,
Illustration of the truth of these remarks, and, in¬
separate property, and the same is true of the Charles¬
ton & Western Carolina and the Northwestern Rail¬ deed, the occasion for them, is found in the compila¬
road of South Carolina, which are also controlled. Al¬ tions of earnings, gross and net, which we to-day pre¬
together, over 12,000 miles of road are owned or sent for the month of September. Stating the out¬
controlled. Control of the Louisville & Nashville is come for this moiith in a nutshell, there is an increase
held through the ownership of $30,600,000 out of the of $10,148,617 in gross earnings, which, all things con¬
$60,000,000 outstanding capital stock of that com¬ sidered, must be regarded as very satisfactory, having
1902, the regard for the slackening which has occurred in trade,
pany. The purchase was made in October
Coast Line RR. giving as consideration $35,000,000
and for
some
other adverse incidents
which need not
bonds, besides $5,000,000 in the be detailed here. Earlier in the year, however, the
additions to gross revenues had averaged $28,000,000
common stock of the Atlantic Coast Line RR. and
$10,000,000 in cash. The cost of the purchase was to $30,000,000 a month. With the gain in gross now
subsequently reduced on the books of the Atlantic reduced to about $10,000,000, there has been an in¬
Coast Line RR. to $45,554,220, by the application of crease in expenses of no less than $14,265,149. As a
of its collateral trust
consequence, we have a loss of $4,116,532 in the net.
$5,000,000 of accumulated surplus.
This
showing is more unfavorable than was that for
The Louisville & Nashville, being operated separately,
the Coast Line Railroad's investment in the same August, when, with $17,839,341 gain in gross, there
merely in the dividends received on its hold¬ was an augmentation of $18,684,257 in expenses,
ings of the stock of the company. As these dividends leaving a loss of only $844,916 in net. It is a close
parallel, however, to the result for July, when an in¬
are now 7%, the Coast Line realizes $2,142,000 pet*
annum on the $30,600,000 of stock held.
On the crease of $11,322,306 in gross was attended by an aug¬
other hand, the annual call for interest on the $35,- mentation of $15,964,347 in expenses, causing a loss
000,000 Atlantic Coast Line RR. 4% collateral trust in net of $4,642,041. The figures for the whole
bonds issued in part payment for the Louisville & three months make it very apparent that the ulti¬
Nashville stock purchased is only $1,400,000 per year. mate outcome, as far as the net is concerned, is en¬
There were important changes in the company's tirely dependent upon the extent of the gains in gross.
funded debt during the twelve months, which need Where these gains are of large magnitude, as happened
here because they are Set Out at length in August, the loss in net is reduced to very small proappears
1363
portions.
run
THE
correspondingly increased.
•Washington,
are
and hence
ering 233,428 miles
of
of the country.
are
comprehensive,
very
road,
Our readers
cov¬
monthly statements with the Commission.
are open to
public inspection, and we have
transcripts of them made for our own use. In order
The returns
we
Last year this road had
$457,359 gain in
gross but $488,507 decrease in net.
The Illinois Cen¬
tral is another instance
of the
are
boundaries—are obliged
file
$822,553.
98% of the mile¬
by this time this
or over
that all the railroads in the United
States—
barring only the few roads the operations of which are
confined entirely within State
to
this
With
as
aware
to
^
$588,532 gain in gross, there was a sav¬
in previous months, ing of $234,021 in the
expenses, the two together pro¬
based entirely upon the returns
ducing an improvement in the net of no less than
point out that,
compilations
kind.
filed with the Inter-State
Commerce Commission at
age
LXXXXI.
hand, where the gains in gross tion to expenses the
present year. The Chicago Burin July and September, the loss in the
ington & Quincy is a conspicuous instance of
as
It is proper to
our
[VOL.
On the other
smaller,
net is
CHRONICLE
furnish full details for all the
separate
issue each month a special
same
there
case
was no
present year; with $416,490
gain in gross, the Central
reports $349,618 gain in net. The Atchison
has also
done well this
time, having $305,562 increase in gross
and $159,567 increase in
net.
Three
same
four other roads are
way.
But in the great
or
distinguished in the
majority of instances
and diminishing net are the
prevailing
largest losses in net are supplied by
companies, rising expenses
supplement, termed our features. The
“Railway Earnings” Section. The November num¬
ber of that Supplement
accompanies to-day’s issue of
the “Chronicle,” and in it will
be found in full the re¬
kind, though in
actual decrease in
expenses the
the transcontinental lines
on the North.
These have
suffered losses not alone in the net
but also in the
gross,
caused in part by the
shortage of the spring-wheat
port of earnings and expenses of all the
separate roads yield in the Northwest the
for the month of
present year and in part
September. The summaries in the by the circumstance
that passenger traffic last
present article are the totals derived from these
year
state¬ was swelled
by the Alaska-Yukon-Pacific Exposition
ments of the separate roads.
at Seattle.
The present year this stimulus
to passen¬
—Increase
September (761 roads)—
Decrease—
1910.
1909.
Miles of road.
Amount.
ger traffic was lacking.
%
233,428
The
Northern
Pacific re¬
229,161 Inc.
Gross earnings.
4,267
1.86
.$252,711,515 $242,562,898 Inc.
$10,148,617
Operating expenses
4.19
ports $971,347 decrease in gross and
162,520,076
148,254,927 Inc. 14,265,149
9.62
$523,112 de¬
.Net earnings
crease in net; the Great
$90,191,439
Northern
$94,307,971 Dec. $4,116,532
4.37
$521,412 decrease
in gross and $493,040 decrease in
As indicating how
general has been the rise in ex¬
net, while the Minne¬
apolis St. Paul & Sault Ste. Marie has fallen
penses, it is quite remarkable to find
that, when the
$328,080
roads are arranged in
behind in gross and
$349,093 behind in net. As a
groups or geographical divisions
rule, however, the larger systems show a diminished
every group records a loss in net
earnings,
or
.
.
,
while, on
hand, every group also records an increase
earnings. The result by groups is set out
the other
net
on a
in gross
the
Pennsylvania Railroad,
in the table which
we now
SUMMARY
insert.
BY
GROUPS.
Gross
September.
1910.
$
Total (761 roads)
Group No. 1
Group No. 2
Group No. 3
Groups Nos. 4
Groups Nos. 6
Groups Nos. 8
Group No.
"...
& 5..
A 7_.
7,713
25,795
26,529
40,264
62,390
& 9..
54,485
10
16.252
11,468,664
56,823,452
34,846,676
27,384,478
59,486,805
38,105,312
14,447,511
Inc. (+) or
Dec. (—).
$
%
+ 667, 612
5.82
+ 2,890, 563 5.08
+ 1,867, 012 5.36
+ 1.666, 963 6.09
+ 455, ,865 0.76
+ 2,037, ,798 5.35
+ 562, ,804 3.90
252,711,515 242,562,898 +10,148,617
—Net Earnings
Mileage
1910.
Earnings
1909.
$
Section or Group—
Group 1 (28 roads). New England
12,136,276
Group 2 (140 roads), East A
Group 3 (100 roads), Middle Middle.59,714,015
West
Groups 4 A 5 (149 roads), Southern... 36,713,688
Groups 6 & 7 (110 roads), Northwestern 29,051,441
Groups 8 & 9 (172 roads), Southwestern 59,942,670
40.143,110
Group 10 (62 roads), Pacific Coast
15,010,315
1909.
7,629
25,919
26,318
39,670
61,186
53,048
15,391
233,428 229,161
1910.
$
3,821,524
20,485,670
12,480,302
Inc. (+)
Dec. (—)
$
1909.
$
‘
4.19
or
%
6,454,697
4,070,602
21,127,984
13,622,768
9,789,711
25.282,547
13,394,221
7,020,138
—249,078
—642,314
—1,142,466
—226,506
—1,146,670
—144,057
—565,441
8.05
90,191,439
94,307,971
—4,116,532
4.37
9,563,205
24,135,877
13,250,164
NOTE.—Group
6.12
3.04
8.39
2.31
4.53
1.08
I. Includes all of the New
Group II. Includes all of New York and England States.
Pennsylvania except that portion
of Pittsburgh and
west
Buffalo; also all of New Jersey,
Delaware and Maryland, and
the extreme northern
portion of West Virginia.
Group III. Includes all of Ohio and
Indiana; all of Michigan
peninsula, and that portion of New York
except the northern
and Pennsylvania
west of Buffalo and
Pittsburgh.
Groups IV. and V. combined Include the
Southern States south of
east of the Mississippi River.
the Ohio and
Groups VI. and VII. combined Include the
northern
peninsula of Michigan, all of
Minnesota, Wisconsin, Iowa and
Missouri north of St. Louis and Illinois; all of South Dakota and North Dakota, and
Kansas City; also all of
Montana, Wyoming and
Nebraska, together with Colorado north of a
line parallel to the State
through Denver.
line passing
Groups VIII. and IX. combined include all
of Kansas,
Indian Territory; Missouri south
Oklahoma,
Arkansas and
of St. Louis and Kansas
City; Colorado south of
Denver; the whole of Texas and the bulk
of Louisiana; and that
Mexico north of a line
portion
of New
running from the northwest comer of
Santa Fe and east of a line
the State
through
running from Santa Fe to El Paso.
Group X. Includes all of
and_Arizona,
Washington, Oregon,
Idaho,
and the western part of
New Mexico.
It is almost needless to
say
rate roads
are
concerned,
that,
California, Nevada, Utah
far
the sepa
there is in the case of the
gross a long list of
increases,
of losses, but in the case of
as
as
with only
a small number
the net a small list of in
creases with a
large number of decreases. A few roads
are able to
report very satisfactory gains in
net, but
this happens
only where, for one reason or another
expenses last year were of unusual
magnitude, and
where, therefore, there
was
little
or no
further addi
very
substantial improvement in
on
the lines
gross.
Thus
directly
oper¬
ated East and West of
Pittsburgh and Erie, has $891,611 increase in
gross with $388,264 decrease in net.
The New York Central has
$473,349 increase in gross,
but $36,772 decrease in net. This
is for the Central
proper.
Including the various auxiliaries and con¬
trolled roads, the result for the
New York Central
system is
a
gain of $1,297,607 in
gross
but
a
loss of
$831,789 in the net. The Union Pacific with
$498,373
gain in gross has $346,448 decrease in net, and the
Southern Pacific with $238,080 addition to
gross has
suffered a decrease of $189,295 in
net. The Louisville
& Nashville with $371,871 increase in
161 decrease in net.
gross
has $292,might be
And these illustrations
multiplied almost indefinitely.
In the following
we
show all changes for the
separate roads for amounts
in excess of $100,000, whether increases or
decreases,
in both gross and net.
PRINCIPAL CHANGES IN OROSS
EARNINGS IN SEPTEMBER.
Increases.
Increases.
Pennsylvania
V $891,611 Central of New
Jersey
$151,337
Chicago Burl & Quincy.
588,532 Chicago Great Western._
cl47,593
Union Pacific
498,373 Delaware A Hudson
144,290
Baltimore & Ohio..
484,254 Kansas City Southern
141,640
N Y Central A Hud Rlv.
a473,349 Colorado A Southern
132.876
Illinois Central
'
416,490 Denver A Rio Grande
125,871
Chic MUw A Puget Sound
386,799 St Louis A San Francisco
125,335
Louisville A Nashville—
371,871 Lehigh Valley
123,210
N Y N H A Hartford
311,593 Internat <* Great North.
116,286
Atchison Topeka A S Fe
305,562 N Y Ontario A Western.
112,413
Rock Island
276,333 Vandalia
109,636
Erie
257,829 Toledo A Ohio Central..
106,279
Southern Pacific
238,080 Delaware Lacka A West
106,090
Lake Shore A Mich Sou..
218,097
Chic Mllw A St Paul
216,277
Representing 37 roads
Chic St Paul Minn A Om_
In our compilation.
197,785
$9,207,453
Wabash
193,366
Decreases.
Boston A Maine
193,034 Northern Pacific
$971,347
Southern Railway
189,918 Great Northern
521,412
Norfolk A Western
187,320 Minn St Paul &SSM...
3 28,080
Missouri Kansas A Texas
C178.235 Duluth A Iron Range
315,553
Clev Cine Chic A St L
169,241
Oregon A Washington.
162,318
Representing 4 roads
Virginian
158,330
In our compilation._
—
_
_
_
$2,136,392
Note.—All the figures In the above are on
the basis of the returns filed
with the Inter-State Commerce
Commission.
Where, however, these
returns do not show the total for
any system, we have combined the
rate roads so as to make the results
sepa¬
conform as nearly as possible to those
given in the statements furnished by the
companies themselves.
a These figures cover
merely the operations of the New York Central
Itself.
Including the various auxiliary and controlled roads, like
the Michi¬
gan Central, the Lake Shore, the
"Big Four,” the “Nickel Plate,” Ac.,
Hoy. 19
THE CHRONICLE
1910.]
the whole going to form the New York Central System,
of $1,297,607 In gross but a loss of $831,789 In the net.
c These figures are furnished by the company.
the result Is
a
gain
y These figures represent the fines directly operated east and west of
Pittsburgh, Eastern lines showing $415,626 increase and the Western lines
For all the lines owned, leased, operated and controlled, the re¬
$475,985.
sult for the month is a gain of $1,357,270.
PRINCIPAL CHANGES IN NET EARNINGS IN SEPTEMBER.
Increases.
Chicago Burl & Quincy.
_
Illinois Central
Atchison Topeka & S Fe
Internat & tjreat North.
Chic St Paul Minn & Om
N Y Ontario & Western.
St Louis & San Francisco
$822,553 Louisville & Nashville.
349,618 Michigan Central
159,567 Chic Mllw & St Paul
124,568
$292,161
_
266,875
250,169
244,840
214,972
208,196
203,370
201,517
191,083
189,295
172,095
120,900
120,867
112,399
107,801
101,427
Boston & Maine
121,125 Chicago & Alton
109,796 Delaware Lacka & West
100,360 Baltimore & Ohio
Clev Cine Chic & St Louis
Lake Shore & Mich Sou.
Representing 7 roads in
our compilation
$1,787,587 Southern Pacific
Rock Island
Decreases.
Elgin Joliet & Eastern.
$523,112 Pere Marquette.
493,040 Phlla & Reading
Northern Pacific
Great Northern
Missouri Pacific
c482,718
_
Union RR (Pa)
v388,264 Pitts & Lake Erie
Pennsylvania
Minn St Paul 4SSM...
Union Pacific
Duluth & Iron Range
349,093
346,448
Representing 23 roads
in our compilation.
$5,881,367
300,725
1363
—New York Stock Exchange memberships were trans¬
ferred this week at unchanged prices from the last
preceding
sale, viz., $75,000.
—The Board of Trustees of the Federal Postal
Bank
Savings
System, at a meeting this week agreed that interest on
deposits, which under the law is 2%, shall be payable only
once a year, and no interest on an
original deposit will be
payable until the first twelve months have elapsed. It has
been further decided that interest will be computed from
the
first day of the month following the date of
deposit. For
the convenience of depositors a table will be
engraved on
each certificate of deposit showing the exact amount of in¬
terest to which the holder of the certificate is entitled at
any
given period.
—Views on the currency problem, and plans for correcting
the defects in our monetary system, were presented at the
National
Monetary Conference held in this city last Friday
Saturday on the occasion of the thirtieth annual meeting
of the Academy of the Political Science of New York.
Inter¬
est in the conference was widespread, prominent financiers
It only remains to add that comparison is with quite from all sections of the country, and others in professional life
who have given considerable time to the study of the finan¬
satisfactory figures in September of last year. Our cial needs of
the country, being present at the deliberations.
compilations at that time covered 220,205 miles and Senator Nelson W. Aldrich, Chairman of the National Mone¬
showed $25,593,110 increase in gross and $12,505,314 tary Commission, was a guest at the banquet given by the
increase in net. Final returns, published somewhat Academy at the Hotel Astor on the evening of the llth*
_
These figures are furnished by the company.
V These figures represent the lines directly operated east and west of
Pittsburgh, the Eastern lines showing $152,921 decrease and the Western
lines $235,343 decrease.
For all lines owned, leased, operated and conrolled, the result is a loss of $551,125.
c
and
In his remarks Mr. Aldrich had
later
no
announcement to make
by the Inter-State Commerce Commission, and with
regard to the conclusions of the committee as a result
covering 236,544 miles, made the gain $27,052,253 of its studies of the past two years. In fact he admitted that
in gross and $13,585,396 in net.
In September 1908 the Commission has no plan. He stated that it has com¬
our compilations recorded
$13,950,886 loss in gross, pleted its work upon one very important phase of the exam¬
ination which they believed to be necessary
preliminary to
but $5,812,770 gain in the net. The figures then cov¬
the preparation of its final report.
The allusion was to
ered only 200,908 miles of road. The completed re¬ the
inquiry which had been made into the experience of other
turns of the Inter-State Commerce Commission
cov¬
ered 231,367
miles and recorded $15,299,397 loss in
with $4,083,435 gain in net.
the following we furnish September comparisons
countries and the examinations into the conditions and
which have led to the adoption of modern
causes
monetary systems
practices in other commercial nations of the world. It is
gross
the intention of the Commission, Mr. Aldrich made
known,
In
to begin immediately completing its work and
making its
back to 1896. For 1909 and 1908 we use the Inter- report of a plan for the approval of Congress at the earliest
State Commerce totals, but for preceding years we .practicable moment. What it proposes to do, he an¬
nounced, “is to seek counsel and invoke the calm judgment
give the results just as registered by our own tables of economists, of students, of men of
affairs, of bankers and
each year—a portion of the railroad mileage of the business men with reference to the work which
and
we
country being always unrepresented in the total,
owing to the refusal of some of the roads in those days
to furnish
monthly figures for publication.
m
Gross Earnings.
Net
Year.
Year
Given.
Preceding.
Increase or
Decrease.
$
$
$
Sept.
1896
1897
1898
1899
1900
1901
1902
1903
1904
1905
1906
1907
1908
1909
1910...
...
...
...
...
...
—
...
...
...
...
...
...
...
...
Year
Year
Given.
•
57,053,112 58,277,749 —1,224,637
72,571,090 62,866,514 + 9,704,576
81,574,080 79,290,848 + 2,283,232
88,460,145 77,606,660 + 10,853,485
92,274,231 90,380,548 + 1,893,683
106,840,715 96,359,674 + 10,481,041
108,277,736 99,662,819 + 8,614,917
121,941,303 108,568,340 + 13,372,963
124,045,376 120,717,276 + 3,328,100
129,462,517 118,616,511 + 10,846,006
136,839,986 126,782,987 + 10,056,999
141,220,009 128,047,787 + 13,172,222
218,929,381 234,228,778 —15,299,397
246,065,956 219,013,703 + 27,052,253
252,711,515 242,562.898 + 10,148,617
Earnings.
Year
Preceding.
$
19,889,887
27,538,974
31,520,183
33,488,813
34,073,853
39,663,622
37,336,366
41,781,513
45,628,707
46,650,014
48,341,798
41,818,855
81,615,313
95,443,956
Increase or
Decrease.
$
20,478,809
21,860,419
30,352,609
29,398,146
34,790,545
35,270,411
36,435,214
37,410,861
41,023,532
$
—588,922
+ 5,678,555
+ 1,167,574
+ 4,090,667
—716,692
+ 4,393,211
+ 901,152
+ 4,370,652
+ 4,605,175
+ 2,930,568
+ 2,687,914
—3,594,503
+ 4,083,435
+ 13,585,396
43,719,446
45,653,884
45,413,358
77,531,878
81,858,560
90,191,439 94,307,971 —4,116,532
Note.—In 1896 the number of roads Included for the month of September was 136;
in 1897, 131: In 1898, 128; in 1899. 123; in 1900, 128; in 1901, 113; in 1902, 108;
in 1903, 112; in 1904, 102; in 1905, 98; in 1906, 95r in 1907, 84; in
1908, 793; in 1909,
711; in 1910, 761. We no longer include the Mexican roads or the coal-minng
operations of the anthracite coal roads in our total.
ITEMS
ABOUT
BANKS, BANKERS & TRUST COS.
public sales of bank stocks this week aggregate 580
shares, of which 546 shares w'ere sold at the Stock Exchange
—The
and 34 shares at auction.
The transactions in trust
com¬
pany stocks reach a total of 197 shares.
Twelve shares of
stock of the N. Y. Life Insurance & Trust Co. were sold at
1128, an advance of 28 points over the last previous sale
price in March. Fourth National Bank stock, which closed
last week at 192, reached 196, the sales
amounting to 514
shares.
Shares. BANKS—New York.
•32 Commerce, Nat. Bank of
•514 Fourth National Bank
Low.
High. Close.
200
200
200
192
196
196
BANKS—Brooklyn.
20 City Bank, National
292 H
14 First National Bank
292
292 H 292 H Dec. 1909— 295 H
292 X June 1910— 290
H 292
TRUST COMPANIES—New York.
185 Broadway Trust Co
145
145
12 N. Y. Life Ins. & Trust Co..1128
1128
•
Sold at the Stock Exchange.
Last previous sale.
Nov. 1910— 202 H
Nov. 1910— 192
145
1128
.
Mch. 1910— 149 H
Mch. 1910—1100
hand.
We
have in
to
appeal to the thoughtful men in
every section of the country, asking them, as I believe we
have the right to do, for their
co-operation and support in
some reasonable solution of this vast
question.” He also
again referred to the opinion expressed by him a year ago
that the questions affecting the
currency and the note issue
are of much less
importance than the question of the organi¬
zation, or reorganization, of the credit and of the banking
systems of the country, remarking that further study and a
more careful examination of the
questions have confirmed
him fully in that belief.
Paul M. Warburg, of Kuhn, Loeb & Co., at
Saturday’s
session of the Conference, read a
paper on the “Principles
That Must Underlie Monetary Reform
in the United States,”
.
.
.
mean
which attracted considerable attention.
Mr. Warburg con¬
tends that “a system of centralized reserves and de-centralized banking power is
clearly the system that this country
requires,’’ and he gives it as his conviction that the country
will gladly accept such a
system when once it is clearly
presented in a definite form. After pointing out that every
modern financial structure rests
upon confidence and credit,
Mr. Warburg argued
that the new system must be so con¬
structed that a demand for cash caused
by distrust must
be absolutely
impossible or the system will not be safe, and
the mere
knowledge of its being unsafe will precipitate a
panic whenever an acute crisis arises. “Why,” he queried,
“does Europe’s system
guarantee the avoidance of panics
and why does ours
inevitably insure their recurrence from
time to time”?
It is from this point of view, he held, that
all the material published
by the National Monetary Com¬
mission ought to be studied, and it is from this point of view
that the final question of monetary
reform must be ap¬
proached. He lays down the rule that “a financial system
which scatters and decentralizes reserves and makes them
unavailable and insufficient in case of need is fundamentally
and defective.” In a modern system, constructed on
credit, Mr. Warburg continued, cash must be centralized
as far as
possible into one big reservoir,from which everyone
legitimately entitled to it may withdraw it at will and into
which it must automatically return whenever it is not
wrong
1364
THE CHRONICLE
actually used. To achieve this there must be two guaran¬
ties—one that the central reservoir is safe and strong enough
—A most
enjoyable and unique dinner
was
tendered
on
Saturday evening last at the Union League Club to Loren
to supply all the cash that
may be required from it, so that H. Vosburgh, General
Passenger Agent of the ’New York
nobody will hesitate to let it become practically the sole Central Lines, and
George W. Higgins, Passenger Agent
trustee of all
cash, and the second that every bank depositing
its cash or allowing it to stream into the central reservoir
will be sure to have the means at its command with which to
of the
same
system, by bankers who traveled in the four
by that road to the last annual convention of the
American Bankers’ Association held in Los
Angeles. As the
acquire the cash that it may legitimately have to demand. dinner card stated, the affair was
gotten
up
“in appreciation
Four basic principles for the establishment of the suggested of the
arrangements made for the pleasure, comfort and
system were outlined by Mr. Warburg as follows:
safety of the party and in recognition of valuable services
1. Cash reserves must be centralized Into one strong organization where
cheerfully and courteously rendered.” Mr. Vosburgh was
they will be available when needed, and where they will command such
presented
with a silver service and Mr. Higgins with a
confidence that they will not be withdrawn
except for actual circulation
or gold exports.
massive silver server, both
suitably engraved. Presentation
2. In order to secure the free return of cash Into the central reservoir
speeches were made by Hiram R. Smith and Ledyard
Cogs¬
there must be some means of exchange between the central reservoir and
well, of Albany.
Charles Elliot Warren, Vice-President
banks, so that banks mayrelyon their ability to build up with the central
of the Lincoln National
reservoir a credit balance against which they
may draw cash if necessary.
Bank, was Chairman, and acted aS
This medium of
exchange must be commercial
paper
under proper safe¬
guards.
3. Fluidity of credit must be our final aim. A sound financial
system must
mobilize Its commercial paper and make It a quick asset instead of a
lock-up.
Mobilized commercial paper must finally become the most important basis
of our financial structure, Instead of bonds and loans on Stock
Exchange
collateral.
The larger reservoir must regulate the smaller one: not vice
versa, as with us.
Discounts In the main liquidate themselves within a
comparatively short period, and by the natural process of consumption.
Bonds, which are investments of long maturity, are not
self-liquidating,
but they and Stock Exchange loans, which represent undigested
securities,
must be finally absorbed by the process of investment of the
savings of the
specials
run
Toastmaster in a most acceptable manner. An after-dinner
speech was made by lion. Chauncey M. Depew, Chairman
of the Board of the *New
York Central Lines; James B.
Forgan, President of the First National Bank, Chicago, made
a
pleasing address in which he said he had been delegated by
the Chicago bankers to
convey to the New York Central RR.
their cordial
thanks “in making the
trip of 9,000 miles
possible, and which was done without a single accident; and
as a mere railroad
achievement, was remarkable.” Wm. D.
nation.
This Is at best a slow process. In which only
comparatively few
Murphy,
who is noted for his humorous after-dinner talks,
persons participate subsequently to the initial process of general
consump¬
was at his best.
One of the enjoyable features of the enter¬
tion by all.
Therefore no nation enjoying a modern financial system
bases it primarily on bonds and Stock Exchange loans.
tainment was the stereopticon views and talk
given by
4. Clearing must not stop within the limits of a
Samuel Ludlow Jr., President of the Union Trust
single city.
Remittances
Co.,
Jersey
of cash at cross-purposes between cities are even more wasteful than within
City, showing pictures taken personally by him on the
the community.
For the loss of Interest Is so much heavier and the danger
trip.
An excellent quartette rendered music
of cash withdrawals from one city to another is so much
greater in critical
throughout
the
times.
The central reservoir must act as an lnter-clty
clearing-house, as It evening.
does In Europe.
—Jacob H. Schiff, senior member of the
banking firm of
The central reservoir, Mr. Warburg
maintained, would Kuhn, Loeb & Co., was elected a trustee and member of
the
have to be restricted in its operations; it should deal
only executive committee of the Central Trust Co. of this
city on
with banks, bankers and trust companies, and its main func¬
Tuesday. This is the only trust company with which Mr.
tion should be to buy foreign exchange, which it should
Schiff is identified; he had
formerly been a director of the
accumulate in times of ease as a gold reserve, and it should
Morton Trust Co., which consolidated
early the present
purchase commercial paper from banks and trust companies year with the
Guaranty
Trust Co. He is a member of the
only. He also contended, with much force, that the directorate of the
National City Bank and the National
management of the central reservoir must be absolutely free Bank of
Commerce.
from the dangers of control by politics and
by private inter¬
—Elbridge G. Snow, President of the Home Insurance Co.,
ests, singly or combined.
was this week elected a director of the
Fourth National Bank
Prof. Laurence Laughlin, of the
Chicago University, of this
city.
6
Prof. Edwin W. Kemmerer, of the Department of Economics
—George A. Eyer, of Eyer & Co., bankers, 37 Wall Street,
and Finance at Cornell, George E.
Roberts, Director of the
has been elected a director of the
United States Mint, Jacob H. Schiff, of
Ossining National Bank
Kuhn, Loeb & Co.,
of Ossining, N. Y.
and Vice-President of the New York Chamber of
Commerce,
—Hon. Lionel G. Guest has been elected
Charles A. Conant, A. Piatt Andrew, Assistant
Secretary and
Secretary
of the United States Treasury,
Irving T. Bush, Chairman Treasurer of the well-known Canadian bond and financed
of the Currency Committee of the Merchants’
house of C. Meredith & Co., Ltd., Montreal.
Association,
and Joseph French Johnson, Dean of the School of
—Newton D. Ailing and Ray M. Bailey have been elected
Com¬
merce, Accounts and Finance of New York University, were Assistant Cashiers of the Nassau Bank of this
city. Mr.
others discussing the monetary question at the
Conference.
Ailing has been in the employ of the bank for twenty years
and had been chief clerk for the
—The Currency Commission of the American
past two years. He is an
Bankers’
ex-President
of the American Institute of
Association was also in attendance at the sessions of
Banking. Mr.
the
Academy of Political Science. On the invitation of Senator Bailey has been connected with the bank for about fourteen
Aldrich, the American Bankers’ Association Currency Com¬ years.
mission met Senator Aldrich’s commission at the Hotel
—B. H. Fancher was promoted from the
Plaza
cashiership to the
on the
10th.
In addition to the
vice-presidency
of the Fifth Avenue Bank of this city at a
Currency Commission,
there were also present President F. O.
Watts, Vice-Presi¬ meeting of the directors on Thursday. Theodore Hetzler,
dent William Livingstone and Chairman Charles H.
Huttig. heretofore Assistant Cashier, has been made Cashier.
Senator Aldrich assured the
—Frederick W. White, of Peters, White & Co., has been
visiting commission that he
wished their co-operation and
support in the future, as well elected to the board of directors of the Columbia Trust Co.
as that of business
organizations of the country, and that of this city. Union N. Bethell, President of the New York
without doubt, at no distant
date, his commission would Telephone Co., who was chosen as a director of the trust com¬
frame the skeleton of the future bill and that the
Currency pany early this year, has been elected a member of its
Commission of the American Bankers’ Association
would be
called into consultation, as it is their desire to
bring out
legislation which will be for the best interests of the
banking
and commercial pursuits of the nation.
—Bucket shops in Omaha and
executive committee.
“
—Anthony A. Lisman, the well-known head of the bond
house of A. A. Lisman & Co., of this city, and who was
also identified with several financial institutions, died in
Lincoln, Neb., are re¬ Plymouth, Eng., on the 15th inst., in his forty-ninth year.
Chicago Board of Mr. Lisman was a Vice-President of the Mount Vernon
by Judge Munger at Lincoln, Trust Co., also Vice-President of the Mount Vernon Safe
Neb., on the 8th inst. The injunction is said by the Omaha Deposit Co., and a director in the
following institutions:
“Bee” to have been issued in
particular against Herbert Coal & Iron National Bank, Mechanics’ Trust Co. of Bayonne,
Gooch, L. B. Tobin, William Clendennen and the H. E. N.
J., the Peekskill National Bank, the Ossining National
Gooch Company, and it is
reported that as a result of the Bank and the Ossining Safe Deposit Co.
writ no grain quotations were
furnished on the 9th in the
—Charles A. Belling, Third Vice-President of the Bronx
Gooch offices in Omaha. The
action was brought by the National
Bank, at 149th Street and Bergen Avenue, Bronx
Chicago Board of Trade; the defendants, it is
stated,
denied
Borough,
was arraigned in court on Thursday and held in
that their quotations were received
from Chicago Board of
bail
on a charge, it is stated, of forging a certificate
$20,000
Trade sources, but the Court held
that the denial was not of the bank’s stock
and obtaining thereon $3,000 from the
supported by sufficient evidence.
Knickerbocker Trust Co. Mr. Belling was arrested on Wedstrained from using returns from the
Trade in an injunction
granted
Nov. 19 1910.
THE CHRONICLE
nesday at the instance of John Bambey, Manager of the
Bronx Branch of the Knickerbocker Trust.
The certificate
purported to represent twenty-five shares of the stock of
the bank, valued at $200 per share.
Belling is said to have
admitted that, through similar operations during the past
two years, he obtained from $20,000 to $25,000 from several
other banking institutions in the city.
He had been a VicePresident of the Bronx National only since last year.
—William Rockwell, who resigned in April 1909 as Cashier
of the National State Bank of Newark, N. J., after serving
in that capacity for over thirty years, died at his home in
Plainfield on the 13th inst.
Mr. Rockwell was seventythree years
of
trustees of the trust company.
—William Osgood Blaney, President of the Commercial
National Bank of Boston, died on the I2th inst.
Mr. Blaney,
was
sixty-nine
years
old, had been at the head of the
institution since 1900.
He was also Vice-President of the
John Hancock Mutual Life Insurance Co.
—The stockholders of the
Republic Trust Co. of Phila¬
delphia on the 15th inst. authorized the issuance of $100,000
additional stock, increasing the capital from $200,000 to
$300,000. The new stock is offered pro rata to the present
shareholders at $62 50 per share, par $50.
—N. Henchman Davis, President of the Central Trust
& Safe Deposit Co. of Cincinnati, died suddenly on the 17th
inst.
He was fifty-two years of age.
—The Northern Trust Co. of Chicago in its statement of
Nov. 10 shows an increase in deposits of $2,000,000 over its
statement of Sept. 2.
The Union Trust Co. shows an in¬
crease of $500,000, the Metropolitan Trust & Savings Bank
nearly
as
much and the West Side Trust & Savings Bank
about $300,000.
—The management under which the prospective People’s
Trust & Savings Bank of Chicago will begin business has
been completed, and President C. H. Bosworth, formerly a
national bank examiner, will have the assistance of R. H.
Griffin as Cashier, Earle H. Reynolds as Assistant Cashier
and W. J. Cook
up
as Secretary.
The directorate will be made
of Mr. Bosworth, Samuel M. Felton, President of the
Chicago Great Western RR.; James F. Meagher, VicePresident of the People’s Gas Light & Coke Co.; Julius
Kruttschnitt, Vice-President Of the Southern Pacific * Co.;
George M. Reynolds, President of the Continental & Com¬
mercial National Bank; Charles G. Dawes, President of the
Central Trust Co. of Illinois,' and W. Irving Osborne, As
noted in our issue of June 18, the new institution has been
formed with $500,000 capital and $125,000 surplus.
—James North Wright, President of the American
Exchange National Bank of Detroit, Mich., died on the
13th inst.
Mr. Wright was also President of the Ideal
Manufacturing Co. and a director of the Detroit Trust Co.
He had formerly been President of the Calumet & Hecla
mines for many years, and until recently was a director of the
company.
He was seventy-one years of age.
Week ending Nov. 18.
Silver, per oz
d
Consols, new, 2 4 per cents.
Sat.
264
784
-
-
For account
French rentes (in
Paris)..fr 97.20
Amalgamated Copper Co..
704
5 Anaconda Copper Co
84
Atchison Topeka A Santa Fe 106
.
-
-
Preferred
Baltimore A Ohio
-no 4
Preferred
93
Canadian Pacific
.2024
Chesapeake A Ohio
864
23
Chicago Great Western
Chicago Mllw. A St. Paul— -1264
Denver A Rio Grande
.
—
_
places the late James Ten Eyck, who has been succeeded as
President of the Home Savings Bank by David A. Thompson.
—The Fidelity Trust Co. of Buffalo, N. Y., is brought into
closer relationship with the Manufacturers* & Traders* Na¬
tional Bank of that city through a change in the manage¬
ment of the trust company, which places its control with in¬
terests associated with the bank.
George V. Forman has
resigned as President of the trust company and has been
succeeded in the office by Robert L. Fryer, President of the
bank.
Mr. Fryer had heretofore been Vice-President of
the trust company, and he is replaced in that post by Frank¬
lin D. Locke, who is Vice-President of the bank.
Accord¬
ing to the Buffalo “Commercial,” the stock of Mr. Forman
(the retiring President of the Fidelity) and his family, other
than qualifying shares for himself and his son, Howard A.
Forman, who will both continue on the board of trustees of
the company, has been purchased by Messrs. Fryer and
Locke.
The trust company has a capital of $500,000 and
deposits of nearly $9,000,000. No informationi has been
made public as to the amount of stock involved in the trans¬
action or the price paid by the new owners for the stock.
Both Mr. Fryer and Mr. Locke are charter members of the
Fidelity Trust Co. It is understood that H. T. Ramsdell,
George L., Williams and Frederick L. Pratt are to become
»-w-^-u-Ki-truVXlVVVVVVVu-
English Financial Markets—Per Cable.
The daily closing quotations for securities, &c., at London,
as reported by cable, have been as follows the
past week:
-
age.
—Walter W. Batchelder, an Assistant Cashier of the Na¬
tional Commercial Bank of Albany, has been elected a trustee
of the Home Savings Bank of Albany.
Mr. Batchelder re¬
who
0****0***+AA***A****AAAAAA*+*Aa*AA*AAAAAA*A*i0ll*MWWhMM+***u***>MV**fW*t+***W**Mi+*
Preferred
Erie
First preferred
-
-
.
494
1104
1104
93
203 4
93
202 4
854
234
864
494
38
38
137
1494
34 4
.
-
-
Pennsylvania
Reading
a First preferred
a Second preferred
Price per share.
384
117
44
1004
92
-1794
95
80
.121
95
81
121
664
774
454
494
-1204
284
67
-
-
-
174
374
674
174
374
674
864
244
1274
334
754
75
384
31
50
39
118
45
444
1014
1024
92
.
794
97.20
71
84
1064
104
1114
934
202 4
864
244
1104
934
2014
1274
344
764
314
127
150
674
734
39 *:
1174
794
104
1384
35
Fri.
25 9-16
1064
50
38
1384
1504
734
92
84
203
304
494
374
1384
1504
344
Thurs.
254
78 13-16
78 15-16
97.224 97.25
72 4
724
1114
934
1274
334
67
Wed.
25 13-16
78 13-16
78 15-16
84
1074
1044
24
67
73
1184
664
774
454
494
1214
284
664
1814
...
Southern Pacific
Southern Railway
Preferred
Union Pacific
Preferred
U. S. Steel Corporation
Preferred
Wabash
Preferred
Extended 4s
a
107
104
334
744
744
84
104
304
Second preferred
a
84
1064
127
Illinois Centml
.137
Louisville A Nashville
-1494
Missouri Kansas A Texas..
34
Preferred
664
Nat. RR. of Mex., 1st pref.
734
Second preferred..
38
N. Y. Central A Hud. River.1164
N. Y. Ontario A Western... 44
Norfolk A Western
.1004
Preferred
92
Northern Pacific
.1184
a
Mon.
Tries.
25 13-16 254
78 11-16
784
79
78 13-16
97.224 97.15
72
704
854
234
334
764
314
50
374
137
150
344
674
734
354
384
374
674
73
117*
45
117
102
101
>92
92
444
1194
664
1194
664
1194
664
79
45 4
1184
664
79 m
45 4
50
784
454
454
1224
1214
284
494
1224
29
67
50
29
67
183
96
1834
95
824
1214
66
814
121
18
18
38
384
674
674
78
60 4
1214
28
66
1824
1824
944
824
944
824
121
18
38 4
1214
674
67 V.
18
-
374
6 £ sterling.
Canadian Bank Clearings.—The clearings for the week end¬
ing Nov. 12 at Canadian cities, in comparison with the same
week of 1909, shows an increase in the aggregate of 14.9%.
Week ending November 12.
Clearings at—
1910.
Canada—
Montreal
Toronto
Vancouver
—
Quebec
Calgary
Halifax
1,814,901
Hamilton,......
2,015,290
2,269,699
1,718,255
Victoria
St. John
Edmonton
London az»
2,291,379
44,568,265
33,092,109
27,531,660
7,174.863
4,059,328
3,116,423
2,779,646
1,952,440
1,893,742
1,802,081
1,791,391
1,381,565
1,332,960
1,256,211
1,392,405
1,716,841
755,741 Not included
687,281 Not Included
1,145,130 Not Included
Regina
Brandon
Lethbridge
Saskatoon
'4
Inc. or
Dec.
1908.
1907.
%
53.057.452
36.850,571
29.935.429
9,698,644
4,731,812
3,650,820
3,571,488
Winnipeg
Ottawa
1909.
+ 19.1
+ 8.3
+ 8.7
+ 35.2
+ 16.6
+ 17.1
+ 28.5
—7.1
+ 6.4
31,748,482
27,967,755
18,445,071
+25.9
1,559,115
1,406,942
1,005,870
1.095,162
3,356,608
3.091.252
2,288,916
1,665,420
1,670,171
1,459,829
—4.1
+60.8
+ 4.5
+ 36.6
33,635,040
24,633,711
14,897.081
3,946,303
3,299,577
2,657,277
1.404,858
2,072,335
1,715,143
1,187,294
1,528,021
905,448
1,274,721
in total
in total
In total
*<
Total Canada
*"
i'*1
£
1
•
153,644,686
133,732,684
5TH
+ 14.9
96,760,593
93,156,809
Auction Sales.—Among other securities the following, not
regularly dealt in at the Board, were recently sold at auction.
By Messrs. Adrian H. Muller & Son:
Stocks.
Stocks.
10 Christopher & 10th St. Ry.100
250 Eisner Mendelson Co. 8%
1 Read Realty Co.
..3105
pref., 310 each....36 per share
14 First Nat. Bank of Bklyn—2924
100 N. Y. A Queens Gas Go.—. 50
185 Broadway Trust Co———1451 |
20 Nat. City Bank of Bklyn-292 4
20 Westchester & Bronx Title
& Mtge. Guar. Co
_*a169
Bonds.
36 National Surety Co
250-251 31,000 Urban Ry. Co. of Lima 1st
40 Wmsbgh. City Fire Ins. Co_390
6s, 1927; interest subject to 4%
100 Royal Baking Powder Co.
Income tax
72
U05H-106K 38,000 Yankee Fuel Co. of Colo. 1st
100 Royal Baking Powder Co.
5s, 1926. n Oct. 1009 and subseCommon
i——185-186 38,000 Yankee Fuel Co. of Colo
169 And. Hard Rubber Co. pref.l30i
5e, 1926. • Oct. 1909 and sub¬
338 Am. Hard Rubber Co. com. 89
sequent coupons attacked..*. 3100
200 Seth Thomas Clock Co. com.
35,000 Santa Fe Liberal A Engle¬ hiM
325 each
wood RR. Co. 1st 5s, 1936.July
.319H per share
100 W.E. Tyner Co
1909 and subsequent coupons
)
59 Warehouse Co., Balt. Cltyl
attached
1
(on which share value of)
310.000 S. Fe Liberal A Engle-)
34 37 has been refunded) )39 lot
wood RR. Co. 1st 5s. 1936.
35 each.-i-.v—..w.i. •
July 1909 and subsequent cou¬ )31.075
200 New Southwest Publish-j
lot
*-»**..
pons attached
in* Co., 31 each
—j
31,000 Yankee Fuel Co. of Colo.
10 Robert Crooks, N. Y—36 per sh.
1st 5s. 1926. Oct. 1909 and 3445
250 Maryland Vacuum Ice Co.,
kit
subsequent coupons attached
310 eaoh—
311,000 S. Fe. Liberal A Engle-1
250 Patten Vacuum Ice Co.,
wood RR. Co. 1st 5s, 1936.
N. J.,310 each
36 lot
July 1909 and subsequent cou¬
25 Patten Vacuum Ice Co.,
pons attached
)3400
16 tt S. Fe. Lib. A Eng. RR. Co.
Ltd., W. Valot
«s*..
5,000 Sun A Moon Mining A Mill¬
31,000 Yankee Fuel Co. of Colo. 1st
lot
.3105
ing Co—
5s, 1926. April 1909 and subse¬
60 Mtge. Bond Co. of N. Y..113H
quent coupons attsohed——.325 lot
12 N. Y. Life Ins. A Tr. Co-1128
*2,000 Raton Water W. Co. of N. >' ?
120 Murphy A White Co......32,000
Y. 1st 5s, 1935 Aug. 1909 and
1 Clinton HaQ Association... 504
subsequent coupons attached.330 lot
40,000 Ohio Copper Co..31.25 per share 31.000 8. Fe Liberal A Engle-)
wood RR. Co. 1st 5s, 1936. July
28,128 United Copper Co.com.344persh.
1909 A subsequent coups. att’d)325
18,700 Davls-Daly Copper Co. 2d 7
•. •
I natal, of asst, of 50c. per
31,000 8. Fe Raton A Dee M. RR.) lot
Co. 1st 5s, 1936.
share unpaid, 310 ea.82o.per sh.
8ept. 1909A
6 C. R. I. A P. Ry. Co....-.160
subsequent coupons attached.
------
...
'
•
.....
—Hawes, Tewksbury & Co.,
their Boston office to 19
the removal of
announce
Congress St,
_
4
1366
The
THE
DIVIDENDS.
following shows all the dividends announced
by large or important corporations:
future
tfr Dividends announced this week
Railroads (Steam).
Albany A Susquehanna, guaranteed
3
Canadian Pacific com. (guar.) (No. 68)
Common (extra)
Chesapeake A Ohio (quar.)
Chestnut Hill (quar.)
Cin. N. O. A Texas Pacific common
Preferred (quar.)
1X
X
IX
IX
2X
IX
IX
-
Cleveland A Pittsburgh, reg. guar,
(qu.)
Special guaranteed (quar.)
Colorado A Southern common
Cripple Creek Central, pf. (qu.) (No. 20).
Delaware A Bound Brook, guar. (quar.).
Brie A Pittsburgh (quar.)...
Great Northern Iron Ore Properties
Greene RR. guaranteed.
Interoceanlc, 1st preferred
Second preferred
Norfolk A Western, common (quar.)
North Pennsylvania (quar.)
1
2 -■
1
2
-
-
Dec.
Dec.
Dec.
Nov.
Nov.
Dec.
Nov.
Nov.
Dec.
Dec.
Dec.
Jan.
Jan.
Nov.
Jan.
3
b2X
—
64
IX
2
Pennsylvania (quar.)
Books Closed.
Days Inclusive.
Nov.
1H
50c.
*
When
Payable.
Jan.
Dec.
Jan.
Dec.
Dec.'
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
4X
IX
Atch. Topeka A S. Fe,
com.(qu.)(No.22)
Adamic Coast Line RR. common
IX
Phlla. Germantown A Norrlst’n (quar.).
3
Plttsb. Bessemer A L. E., pref. guar
3
Pittsb. Youngst. A Ashta.,com.&pf.(qu.)
IX
Southern Pacific Co. (quar.) (No. 17)
IX
Union Pacific, common (quar.)
2X
Vandalla (quar.)
IX
White Pass A Yukon..
61
Street and Electric Railways.
American Railways (quar.)
IX Dec.
Brooklyn Rapid Transit (quar.)
ix Jan.
Citizens’ Traction, Pittsburgh
$1.50 Nov.
Columbus (O.) Ry. com. (quar.) (No. 30)
1X Dec.
Federal Light A Tract., pref. (quar.)
IX Dec.
Georgia Ry. A Electric, com. (quar.)...
2
Nov.
Grand Rapids Ry. com. (quar.)
1
Dec.
Kansas City Ry. A Light pref. (quar.)
Dec.
IX
Metropol. West Side Elev., Chic., pf. (qu.)
X Dec.
New Orleans Railway A Light, pref
2X Jan.
Norfolk Ry. A Light
2X Dec.
North. Texas Elec. Co., com.(qu.)(No.5)
IX Dec.
Pensacola Electric Co. pref. (No. 8)..
3
Dec.
Portland Ry.,L.&Pow.,com.(qu.) (No. 6)
1
Dec.
Rochester Ry. A Light pref. (quar.)
IX Dec.
St.Jos.Ry.,H.,L.A Pow. com.(qu.) (No,9)
X Dec.
Preferred (quar.) (No. 33)..
IX Jan.
West Penn Traction, com. (No. 1)
1
Dec.
Miscellaneous.
Adams Express (quar.)
Dec.
$3
Amalgamated Copper (quar.)
X Nov.
American Caramel, common (quar.)
1
Dec.
American Chicle (monthly)
1
Nov.
Extra
1
Nov.
American Cotton Oil, common
2X Dec.
Preferred
3
Dec.
American Express (quar.)
$3
Jan.
American Gas (quar.)
IX Dec.
American Radiator, common (quar.)
2
Dec.
_.
IX
IX
1
IX
IX
2X
7X
IX
X
3X
extra
Associated Merchants, com. (quar.).
Common (extra)
British Columbia Packers’ Assn., pref..
Butte Coalition Mining (quar.)
Butterick Company (quar.)
25c.
3X
X
50c.
Nov.
IX
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
Dec.
X
2
IX
3
Cuban-American Sugar pref. (quar.)
IX
IX
IX
2X
(quar.)
Diamond Match (quar.)
Eastman Kodak, com.
^•Common (extra)..
(quar.)
i
Common (extra)
Preferred (quar.)
-
10
2X
IX
IX
IX
IX
IX
IX
General Asphalt, pref. (quar.) (No. 14
General Chemical, common (auar.)__
General Chemical, preferred
(quar.)
General Electric (quar.)
General Motors preferred
Harbison-Walker Refractories common
Homestake Mining (mthly.) (No. 432<f)
Internat. Harvester, pref. (qu.) (No. 15)
2
1
Common (extra).
X
2
3
Preferred (quar.).
IX
2
IX
Preferred
2X
Massachusetts Gas Cos., preferred.
Preferred (quar.)...—
National Biscuit, com. (quar.) (No 49)
Preferred (quar.) (No. 51)
National Carbon, common (special)
National Lead common (quar.)
Preferred (quar.) (No.76)
National Surety (quar.)
Stock dividend
New England Telep. A Teleg.
(quar.)
North American Co. (quar.)
Omaha Water, 1st preferred
Second preferred
Peoples Gas Light A Coke (quar ).
Philadelphia Electric (quar.)
Pittsburgh Brewing
Preferred (quar.)
com.
(quar.).
Quaker Oats, com. (quar.)
Common (extra)
Preferred (quar.)
Preferred (quar.)
Railway Steel-Spring, pref. (quar.).
Standard Oil (quar.)
United Cigar Mfrs., pref. (quar.)..
United Dry Goods Cos., pref. (quar.)
Preferred (quar.) (No
WaUh'im Watch preferred.
o
Transfer books
38).
Nov.
Dec.
Dec.
Dec.
Dec.
Dec.
Jan.
Jan.
Dec.
Jan.
Dec.
Jan.
Jan.
Nov.
Dec.
Dec.
Dec.
Jan.
Jan.
Nov.
Dec.
Chicago Telephone (quar.)
Consolidated Gas pf N. Y. (quar.)
Crex Carpet
Detroit Edison
Dec.
Dec.
Dec.
Jan.
Dec.
Dec.
Dec.
Nov.
Nov.
2
2
IX
IX
IX
IX
15
X
IX
2
Nov.
Dec.
Dec.
Feb.
Jan.
Nov.
Nov.
Dec.
Dec.
Jan.
/33 1-3
IX Dec.
IX Dec.
IX Jan.
5
3
Dec.
Dec.
IX
IX
IX
IX
IX
Dec.
Nov.
Nov.
Nov.
Jan.
X Jan.
IX Nov.
IX Feb.
IX Dec.
IX Jan.
$10
Dec.
IX Dec.
IX Dec.
IX Dec.
IX Dec.
IX Nov.
3
Dec.
2
not closed, b Less Income tax. d
to
of
rec.
Jan.
2
Nov. 4a
to
Jan. 10
of rec. Nov. 30
of rec. Nov. 30
of rec. Dec. 9a
to
Dec.
4
Holders of rec. Dec.10a
Holders of rec. Nov. 26a
Holders of rec. Nov.10a
Holders of rec. Nov.10a
Dec. 22
to
Jan.
2
Holders of rec. Nov.19a
Nov. 12
to
Nov. 16
Holders of rec. Nov.30a
Nov. 19
to
Dec.
1
Holders of rec. Dec.14a
Nov. T
to
Nov. 18
Nov. 1
to
Nov. 18
Holders of rec. Nov.30a
Nov. 11
to
Nov. 16
Holders of rec. Nov. 5
Nov. 20
to
Dec.
4
Holders of rec. Nov. 15
Holders of rec. Nov.19a
Holders of war’t No. 17
Holders of rec. Dec. la
Holders of rec. Nov.l5a
We omit two ciphers (00) in all
cases.
Banks.
00s omitted.
Capital.
Surplus.
Loans.
Average.
$
2,000.0
Bank of N. Y-_
Manhattan Co.
Merchants’
%
3.520.3
4.184.5
$
19.255.0
.,
..
....
Specie.
Legals.
Average. Average.
Deposits. ReAverage. s’ve.
$
$
%
%
894,0
16,529, 0 25.0
1,580,0
33,600 ,0 24.3
3,918,0 1,227,0
19,697 0 26.2
10.196.4 1,123,0
46,404, 7 24.3
3.958.6 1.787.6
21,891 9 26.2
1,764,0
216,0
7,343 0 27.5
34.452.5 5,460,0 156,713, ,3 25.5
4.841.7 1.915.6
25,558 0 26.5
1,704,2
115.2
7,364 ,8 24.7
1.192.8
495.7
6,555 ,8 25.7
421,5
92,4
2,274 ,5 22.5
1.839.4
194.0
8.824 ,4 24.7
4,723,1 2,345,0
28.094 .0 25.3
22,486.1 6,835.0 114,198 ,2 25.7
1,762,6
931.2
10,241 ,2 26.3
290.9
461.5
2,948 ,0 25.5
1,015,7 1.160.6
8,586 ,9 25.2
335,7
137,4
2,103 ,2 22.4
10,731,0 7,227,2
66,781 ,7 26.9
5.175.8
231.1
21,079 ,9 25.8
968.2 1,116,0
8,101 ,9 25.7
1.506.5
599.6
8,337 ,7 25.2
3.500.5
224.1
14,214 ,7 26.2
6,570,0 4,738,0
46,626 ,0 24.2
3,971,0 1,576,0
22,118 .0 25.0
19,502,0 1,140,0
80,020 ,0 25.7
268.9
147.3
1,417 .1 29.3
4,388,0 2,100,0
24,833 ,0 26.1
3,009,0
148,0
12,213 .0 25.8
18,704,3 1,777,4
77,931 ,3 26.2
4.643.4 1.476.7
23,303 ,5 26.2
829,0
54,0
3,656 ,0 24.1
1.320.4
660.1
7,708 ,7 26.2
716.9
225.4
3,747 ,1 25.1
13,555,0 5,139,0
73,759 ,0 25.3
2.544.5 1,088,6
14,399 ,5 25.2
570.2
485.6
4,120 ,5 25.6
863,4
509.2
5,542 .4 24.7
2.684.4
645.4
14,777 ,7 22.5
1,900,0
419.8
8,489 ,3 27.3
553,1
376.2
3,510 ,0 26.4
1.542.8 1.308.7
11,146 ,0 25.5
937,0
239,0
4,732 ,0 24.8
5,144,0 1,619,0
24,903 .0 27.1
4.250.9
820.2
17,704 .9 28.6
2.281.4
207,3
9,806 ,6 25.3
4,433,0
316,0
18,763 ,0 25.3
1,075,0
626.7
6,562 ,6 25.9
705,0
792,0
5,962 .0 25.1
1,048,5 1,085,0
8.435 ,1 25.2
3.245,0
6,608,0
31 Dec. 23
to
Jan.
1
1 Nov. 23
Totals, Average 133,350,0 194,250,3 1213,310,7
to
Nov. 30
234.649.3 66,089,8 1173,031,1 25.6
Actual figures Nov. 12.
1 Nov. 23
to
Nov. 30
1205,624,3 237.761.3 67,190,1 1169,565,7 26.1
1 Holders of rec. Nov.15a
3 Holders of rec. Dec. la
On the basis of averages, circulation
1 Holders of rec. Nov.30a
amounted to
deposits (included in deposits) to $1,602,500; actual $48,190,300 and United States
1 Holders of rec. Nov. 15
figures November 12, circula¬
tion, $48,551,000; United States deposits,
1 Holders of rec. Nov. 15
$1,519,200.
30 Holders of rec. Nov. 23
The State
30 Holders of rec. Nov. 23
also now furnishes
21 Nov. 11
to
returns of the State banks and trust
Nov. 20
1 Nov. 15
under its
to
Dec.
1
returns cover all the
1 Holders of rec. Nov. 15a
of this class
31 Dec. 29
in
the
to
whole
Jan.
2
the
are
15 Holders of rec. Nov 16a
so as to
the results for New York
15 Holders of rec.Nov.30a
3 Holders of rec. Dec. 15a
New
those, for the rest of the
as per
16 Holders of rec. Jan. 3a
15 Holders of rec. Nov.22a
2 Holders of rec. Nov. 30a
For definitions and rules under which the
various items are
1 Holders of rec. Oct. 31a
made up, see
2 Holdersof rec. Nov. 30a
p.
2 Holders of rec. Nov. 30a
STATE BANKS AND TRU8T
COMPANIES.
21 Nov. 9
to
Nov. 21
15 Holders of rec. Nov. 25
State Banks
1 Holders of rec. Nov. 16a
Trust Cos.
State Banks
Trust Cos.
Week ended Nov. 12.
in
1 Holders of rec. Nov. 19a
in
outside of
outside of
Greater N. Y. Greater N. Y. Greater N. Y.
3 Holders of rec. Dec.20a
Greater N. Y.
14 Holders of rec. Dec.
3a
30 Nov. 22
to
Nov. 29
$
$
Capital as of Aug. 31
1 Holders of rec. Nov.19a
25,175,000
65,656,000
8,998,000
9,075,000
25 Nov. 20
to
Nov. 25
Surplus as of Aug. 31
1 Holders of rec.
38,315,700
172,728,334
Nov.10a
10,891,650
9,817,991
1 Nov. 12
to
Dec.
1
Loans
and
Investments..
1 Nov. 12
293,317,700
to
1,034,896,500
Dec.
1
95,105,200
142,203,900
Change from last week.
1 Nov. 22
—2,577,100 —7,018,800
to
Dec.
1
—428,000
+ 442,500
1 Nov. 21
to
Nov. 30
Specie
-1 Nov, 21
46,716,100
to
114,382,000
Nov. 30
Change from last week.
1 Holders of rec.
—647,600 —1,010,400
Nov.18a
15 Dec. 2
to
Dec. 15
Legal-tenders & bk. notes
15 Dec.
24,132,800
2
to
13,057,600
Dec. 15
Change from last week.
30 Holders of rec. Oct. 31
—348,900
—41,800
1 Nov. 13
to
Nov. 30
Deposits
1 Nov. 16
336,583,200 1,059,373,200
to
Dec.
1
100,599,600
148,664 600
1 Jan. 15
Change from last week.
—2,620,000 —13,847,600
to
Feb.
1
+ 295,800
—601,300
14 Holders of rec. Dec.28a
Reserve on deposits
30 Holders of rec. Nov. 16a
91,736,600
133,476,200
20,164,100
21,682,000
7 Oct. 29
Change from last week.
—1,185,100
to
—1,728,600
Nov. 7
+ 76,400
—867,100
31 Dec. 10
to
Dec. 13
P. C. reserve to deposits.
15 Nov. 19
27.9%
to
15.5%
Nov. 22
20.7%
15.3%
3
Percentage last week
28.0%
15.6%
Banking Department
charge.
companies
institutions
figures
compiled
These
State, but
distinguish between
York) and
following:
weekly
City (Greater
State,
the
“Chronicle," V. 86,
316.
_
30
28
20
2
15
1
1
1
-
Dec. 16
Holders
Dec. 17
Holders
Holders
Holders
Nov. 20
LXXXXI
Statement of New Tork Gity
Clearing-House Banks.—The
detailed statement below shows
the condition of the New
York Clearing-House banks for the
week ending Nov. 12.
The figures for the
separate banks are the averages of the
daily results. In the case of the totals, the actual
figures
at the end of the
week are also given.
For definitions and
rules under which the various items
are made
up, see “Chronicle/' V. 85, p. 836.
2,050,0
30,300,0
2,000.0
1.789.6
19,379,0
Mech. A Metals
6,000,0
7,988,0
50,038,2
America
1,500,0
5.874.2
22,545,9
Phenlx
21d
1,000,0
724.9
8,038,0
City
10
25,000,0 31,519,7 171.648,8
Chemical
1
3,000,0
6.494.7
27.903.2
Merchants’ Ex
20
600,0
582,0
7.130.4
Gallatin
19
1,000,0
2.533.2
8.431.6
Butch.
19
ADrov.
300,0
158,0
2.815.5
19
Greenwich.:.
500,0
832.9
7.385.3
Am. Exchange.
25
5,000,0
4.439.8
30.785.3
Commerce
30
25.000.0 16.497.4 139.451.6
Mercantile
5
3,000,0
2.726.2
14,090,1
Pacific
1
500,0
913.1
3.566.3
Chatham
1
450,0
1,059,7
8,228,2
3
People’s
200,0
470.3
2,110,0
Hanover
3
3,000,0 11.910.1
60,075,2
Citizens’ Cent..
25
2,550,0
1.746.7
21.847.6
Nassau
14
500,0
538.2
7,146,2
Market A Fult’n
1,000,0
1.720.7
8,637,8
Metropolitan
15 Dec.
1
to
2,000,0
Dec.
4
1.478.9
13.259.1
Com Exchange
2 Holders of rec. Dec. 10
3,000,0
5.254.1
40,690,0
Imp. A Traders'
16 Nov. 12
to
1,500,0
Nov. 21
7.545.9
25,130,0
Park
1 Holders of rec. Nov.15a
5,000,0 12.524.1
77,532,0
East River....
1 Nov. 16
250,0
to
Dec.
1
108.5
1.426.1
Fourth
19 Nov. 16
5,000,0
to
Nov. 19
5.624.9
26,781,0
Second
1 Holders of rec. Nov.15a
1,000,0
2,080,9
12,611,0
First
1 Nov. 21
10,000,0 20,589,9
to
Dec.
1
92.433.4
1 Holders of rec. Nov.16a
Irving
2,000,0
1,665,0
22.225.1
Bowery
16 Jan.
1
250,0
to
Jan
15
815.9
3,510,0
N. Y. County.
1
500,0
1.657.4
7.699.4
German-Amer
1 Holders of rec. Nov.2la
750,0
689.5
4,013,1
Chase
1 Holders of rec. Nov.23a
5,000,0
7.706.8
69,978,0
Fifth Avenue..
1 Holders of rec. Nov.12a
100,0
2.109.4
12.772.5
German Exch__
1 Holders of rec. Nov.23a
200,0
895.2
3.980.7
Germania
1 Holders of rec. Nov.15a
200,0
1,016,6
4.864.7
Lincoln
2 Holders of rec. Dec.15a
1,000,0
1.542.5
14.510.7
Garfield
15 Dec.
8
to
1,000,0
Dec. 15
1,197,7
8.277.6
Fifth
250,0
499.9
3.360.1
1 Nov. 15
Metropolis
1,000,0
to
Nov. 30
2,078,2
11.217.5
West Side...
28 Holders of rec. Oct. 29a
200,0
1,019,2
4,288,0
Seaboard
1 Nov. 12d to
1,000,0
Nov. 30
1.960.2
21,103,0
19 Holders of rec. Nov. 14
Liberty
1,000,0
2.771.2
16.877.1
N. Y. Prod. Ex.
19 Holders of rec. Nov. 14
1,000,0
757.1
8.169.7
State
1 Nov. 11
to
1,000,0
Dec.
1
782.2
15,323,0
14th Street....
1 Nov. 11
1,000,0
to
Dec.
1
320.4
5.915.2
Coal & Iron....
3 Holders of rec. Nov. 30a
1,000,0
392,1
5,954,0
Union Exch...
1 Holders of rec. Nov. 21
1,000,0
952.4
8.599.5
31
20
2
1
1
25
15
21
21
23
16
16
Nov.
3
1
10
31
31
31
5
17
1
1
1
31
1
[VOL.
.
....
Preferred B (quar.) (No. 22)
American Stogie, pref. (quar.)...
Am. Sugar Refg., com.&pref.
(quar.)..
for the
printed in italics.
are
Per
Cent.
Name of Company.
Common,
CHRONICLE
30
29
1
Holders
Holders
Dec.
1
Holders
Holders
Holders
Holders
Holders
Nov. 12
Nov. 12
of rec. Nov. 30
of rec. Dec. 15
to
Dec. 20
of rec. Dec.15a
of rec. Nov. 15
of rec. Nov. 15
of rec. Nov. 3a
of rec. Nov. 19a
to
Nov. 20
to
Nov. 20
Nov. 3
to
Nov. 22
Holders of rec. Jan. 3a
Holders of rec. Jan. 3a
Holders of rec. Nov. la
Holders of rec. Feb. la
Dec.
8
to
Dec. 20
Holders of rec. Dec.17a
Holders of rec. Nov. 18a
Holders of rec. Nov.25a
Holders of rec. Nov.23a
Holders of rec. Nov.2la
Dec. 2
to
Dec. 14
Nov. 1
to
Nov. 14
Holders of rec. Nov.15a
Correction. /Payable in
stock".
20.7%
+ Increase
over last week.
—
15.8%
Decrease from last week.
Note.—“Surplus" includes all undivided profits.
“Reserve on deposits" in¬
cludes, for both trust companies and State banks, not only cash
items, but amounts
due from reserve agents.
Trust companies in New York State are
required b
law to keep a reserve proportionate to their
deposits, the ratio varying accordl
to location as shown below.
The percentage of reserve required Is
computed o
the aggregate of deposits, exclusive of moneys held in trust
and not payable with!
thirty days, and also exclusive of time deposits not payable within 30
days, repre
sented by certificates, and also exclusive of depostls secured
by bonds of the State
of New York.
The State banks are likewise required to
keep a reserve varying
according to location, the reserve being computed on the whole amount of
deposits
exclusive of time deposits not payable within 30 days,
represented by certificates
(according to the amendment of 1910), and exclusive of deposits secured
bonds
by
of the State of New York.
Reserve Required for Trust
and State Banks.
Location—
Companies
—Trust Cos.—
—State Banks—
Total
Of
Total
Of
Reserve
which Reserve
which
Required in Cash.Required, in Cash.
Manhattan Borough
15%
Brooklyn Borough (without branches in Manhat.)_15%
Other Boroughs (without branches in
Manhattan).15%
Brooklyn Borough, with branches in Manhattan. .16%
Other Boroughs with branches in
Manhattan.... 15%
Elsewhere In State.......................
10%
16%
10%
10%
15%
16%
5%
25%
20%
15%
20%
15%
15%
15%
10%
7X%
20%
15%
•%
NOV. 19
1367
THE CHRONICLE
1910.]
Banking Department also undertakes to present
separate figures indicating the totals for the State banks and
trust companies in the Greater New York not in the Clearing
House.
These figures are shown in the table below, as are
also the results (both actual and average) for the ClearingHouse banks.
In addition, we have combined each corre¬
sponding item in the two statements, thus affording an
aggregate for the whole of the banks and trust companies in
We omit two ciphers (00) in all these figures.
The
the Greater New York.
NEW YORK
CITY BANKS AND TRUST COMPANIES.
Clear .-House Slate Banks <k
Trust Cos. not
Banks.
in C.-H. Aver.
Average.
Clear.-House
Banks.
Week ended Nov. 12.
ActualFIgures
Total of all
Banksdk Trust
Cos. Average.
S
$
Capital as of Aug. 31. _
133,350,000
$
133,350,000
74,631,000
207,981,000
Surplus as of Aug. 31. _
194.250,300
194,250,300
180,661,300
374,911,600
$
1,205,624,300 1,213,310,700
Loans and Investments
Change from last week —15,175,500
j
—13,564,700
1,127,157,000 2,340,467,700
—7,530,800 —21,095,500
1,169,565,700 1,173,031,100 al,075,606,600 2,248,637,700
Deposits
—7,932,900 —22,878,000
Change from last week —12,021,900 —14,945,100
2,845,700
234,649,300
—743,800
121,255,800
—817,800
355,905,100
—1,561,600
67,190,100
+ 980,600
66,089,800
—409,500
521,802,400
87,892,200
+ 71,300
—338,200
300,739,100
—1,153,300
cl43,058,200
443,797,300
—1,899,800
Specie
Change from last week
237,761,300
Legal-tenders
Change from last week
+
304,951,400
Aggr’te money holdings
Change from last week
+ 3,826,300
—746,500
Total
24,146,100
—579,700
24,146,100
—579,700
167,204,300
—1,326,200
467,943,400
—2,479,500
cos.
L
Change from last week
300,739,100
—1,153,300
304,951,400
reserve.
+ 3,826,300
Change from last week
Percentage to deposits
requiring reserve
Percentage last week..
26.10%
25.52%
Surplus reserve
12,559,975
Legals.
Specie.
Loans.
and
Deposits,
Circu¬
lation.
a
Surplus.
Boston.
Oct. 22.
Oct. 29..
Nov. 5__
Nov.12..
Phila.
Oct. 22—
Oct. 29—
Nov. 5—
Nov. 12..
_
a
%
40.200.0
40.200.0
40,200,0
40,200,0
$
207,413.0
206,874,0
205,663,0
206,023,0
55,465,0
55,465,0
55,465,0
55,465,0
254,305,0
253.155,0
253,646,0
$
5,416,0
5,256.0
5,194,0
4,478,0
%
23,937,0
24.485,0
24,581,0
23,701,0
71,553,0
69,550,0
68,857,0
67,494,0
253,989,0
Clearings.
255,582,0
245,891,0
251,589,0
245,346,0
$
8,001,0
7,988,0
7,972,0
7,965,0
$
194,487.6
165,654,9
201,362.4
157,615,1
305,620,0
301,249,0
301.304,0
302,816,0
15,902,0
15,957,0
16,045,0
16,055,0
160,592,5
141.157.4
155,102,7
134,455,8
$
Including Government deposits and the item “due to other banks.” At Boston
$3,037,000 on November 12, against $3,036,000
Government deposits amounted to
on November 5.
Imports and Exports for the Week.—The following are
imports at New York for the week ending Nov. 12; also
totals since the beginning of the first week in January.
the
FOREIGN IMPORTS AT NEW YORK.
General Merchandise
$14,472,073
Total
Since January 1.
1907.
1908.
$3,173,408
12,166,021
$3,344,019
$17,981,420^ $15,339,429
$13,711,987
$3,788,352
14,193,068
$2,959,155
11,512,918
Dry Goods
'
1909.
1910.
For week.
10,367,968
General Merchandise
$136,345,159 $145,969,892 $107,491,056 $161,702,012
654,770,758 608,638,636 441,526,348 585,796,026
Total 45 weeks.
$791,115,917 $754,608,528 $549,017,404 $747,498,038
Dry Goods
1
Money on deposit with
other bks. & trust
Capital
Banks.
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. 12 and from Jan. 1 to date:
EXPORTS FROM NEW YORK FOR THE WEEK.
1910.
17.2%
17.2%
25.67%
25.44%
Previously reported
+ Increase over last week. —Decrease from last week.
These are the deposits after eliminating the item “Due from reserve depositories
and other banks and trust companies In New York City"; with this item Included,
deposits amounted to $1,175,053,500, a decrease of $13,499,300 from last week.
In the case of the Clearing-House banks, the deposits are “net” both for the average
and the actual figures,
b Includes bank notes, c Of this amount State banks held
$15,618,600 and trust companies $127,439,600.
1908.
$12,465,474
525,359.405
$12,311,941
581,491,425
For the week
7,481,325
1909.
1907.
$15,395,166
539,955,319
$11,272,175
543,562,047
$593,803,366 $538,824,879 $554,350,485 $554,834,222
Total 45 weeks
a
of the New York Clearing-House banks
combined with those for the State banks and trust companies
in Greater New York outside of the Clearing-House compare
as follows for a series of weeks past:
The
averages
COMBINED RESULTS OF BANKS AND TRUST COMPANIES IN
GREATER NEW YORK.
We omit two ciphers
Week
Ended.
Deposits.
in all these figures.
S
%
Sept. 10.. 2.355.593.2 2,320,771,3
8ept. 17.. 2.367.842.8 2.328.750.6
2.375.411.8 2.329,379.2
Sept. 24.
Oct.
l._ 2.388.453.3 2,330,077,9
Oct.
8.. 2.387.881.5 2.316.630.7
Oct. 15.. 2.382.131.5 2.306.865.9
Oct. 22.. 2.365.975.6 2.287.487.9
Oct. 29— 2.358.583.6 2,273.641,0
Nov.
5__ 2,361,563,2 2.271.515.7
Nov. 12.. 2.340.467.7 2.248.637.7
.
Specie.
%
401.048,5
397,232,0
392.538.2
382.271.2
374.198.8
371.151.9
367.935.1
364.544.7
357.466.7
355.905.1
Legals.
on
$
Deposit.
%
489.173,2
485,829,9
481.449.6
471,497,4
462.147.6
459.516.1
456.416.1
453.870.2
445,697,1
443.797.3
516.456.2
513,289,9
508.147.8
497.810.3
489.103.9
484.935.4
480,663,0
477.425.5
470.422.9
467,943,4
Reports of Clearing Non-Member Banks.—The following
clearing non-member
is the statement of condition of the
banks for the week ending November
daily results:
Banks.
12, based
on average
We omit two ciphers (00) in all these figures.
Legal
Loans,
.
Capi¬
Sur¬
tal.
plus.
Disc’ts
and
Invest¬
Specie.
ments.
Tender
and
Bank
Notes.
Deposit with
Clear¬
Other
ing
Agent.
Banks, Deposits.
Wash.Hgts.
Century
—
Colonial
Columbia..
Fidelity
...
Jefferson..
Mt. Morris.
Mutual..—
Plaza
23rd Ward.
Yorkvllle
New Neth'd.
Batt.Pk.Nat
Aetna Nat.
.
..
Borough of
Brooklyn.
Broadway
.
Mire.* Nat.
Mechanics’..
Nassau Nat.
Nat. City..
North Side.
First Nat..
Second Nat.
AND
IMPORTS OF
SPECIE
AT
NEW
"
Exports.
YORK.
Imports.
Gold.
Week.
.
Since Jan. 1.
_
$32,150,000
$101,200
West Indies.
Mexico
South America
All other countries
Week.
$17,370
$13,469,736
3,520,645
17,242
1,160
12,738
50,951
518,715
246,798
2,003,441
1,403,622
314
4,455
3,397,417
9,493,766
41,900
$101,200 $45,087,538
1,304,000 80,308,817
47,698,050
Total 1910
Total 1909
Total 1908
200,0
252,0
1,000,0
750,0
300,0
200,0
300,0
$
270,6
160,2
362,5
751,7
175,5
521,3
313,8
371,3
453,8
106,5
451,8
265,5
156,8
317,7
$
1,277,0
1,351,7
5,715,1
6,383,0
1,116,0
3,158,0
2,545,1
3,561,6
4,470,0
1,854,0
4,067,2
2,388,0
1,538,4
2,040,9
513,3 3,460,4
831,9 5,636,2
815,4 11,481,8
1,010,4 6,774,0
601,8 3,820,0
139,0 2,235,2
611,0 3,351,0
$
143,0
20,6
853,7
$
16,0
215,3
282,5
74,0
$99,461 $21,163,271
7,746,031
114,385
155,684 15,438,423
Silver.
Great Britain
France *.
47,825
6,505
18,959
$13,344
3,676
13,310
76,864
1,559,611
1,152,323
1,329,653
$909,311 $36,943,462
960,907 38,842,895
755,063 37,204,399
$88,232
35,028
180,990
$4,148,781
4,390,051
3,546,831
$842,756 $34,108,050
28,200
2,114,200
37,411
595,419
944
71,463
......
Germany
West Indies
Mexico
South America
All other countries..
Total 1910
Total 1909
Total 1908
$2,041
185
5,025
61,326
696
Of the above imports for the week in 1910, $16,690 were
American gold coin and $4,675 American silver coin. Of
the exports during the same time, $101,200 were American
gold coin and 200
were
American silver coin.
59,1
746,9
88,0
44,6
28,7
30,6
445,3
497,3
166,4
322,8 1,305,3
282,0
570,0
624,0
98,0
131,9
130,6
329,0
78,0
299,1
695,3
1,429,1
1,212,0
587,0
154,8
416,0
164,0 3,808,4
121,8 5,973,4
236,6 14,632,6
6,922,0
155,0 4,908,0
110,1 2,518,3
38,0 3,058,0
636,0
88,7
251,6
477,6
29,0
319,0
173,1
54,7
262,0
162,9
474,7
478,6
97,9
_
260,5
24,0
435,5
.
$
$
131,0
79,0
669,0
650,0
149,3
198,8
308,8
381,6
746,0
238,2
202,5
218,0
72,7
76,7
$
57,0
188,1
497,1
592,0
90,3
280,5
33,2
623,6
423,0
1,252,0
1,400,6
7,349,6
7,216,0
1,168,3
3,700,3
3,249,6
4,111,5
5,376,0
2,027,9
5,170,8
2,552,0
1,243,7
2,072,0
Railroad and Industrial Stocks
Let us send you our circular describing 110 ISSUES of listed Rail¬
road and Industrial Stocks.
t
1,251,8
751,9
394,5
5,172,4
3,120,9
2,120,5
279,1
139,8
35,8
483,6
50,5
121,7
3,013,1
267,3
394,1
144,0
117,3
15,2
7,596,7
2,565,0
2,145,9
220,0
125,0
623,3
245,9
3,243,3
2,785,0
128,5
106,6
27,9
98,7
148,8
50,4
88,4
169,8
2,901,2
2,971,9
12,788,6 3,244,5 107891,7
11,649,6 2,934,1 106242,8
12,484,2 2,906,3 106908,5
.
Spencer Trask & Co.
EXCHANGE PLACE.
Chicago, HI.,
Boston, Mass..
43
Members New
NEW YORK.
Albany, N. Y.
York Stock Exchange
WHITE, WELD &
CO.
Members New York Stock Exchange.
_
400,0
250,0
200,0
Tot. Nov.12 7,497,0 12,469,2 94,666,7 6,616,0 7,546,1
Tot. Nov. 5 7,497,0 12,469,2 94,717,0 6,422,4 7,282,6
Tot. Oct. 29 7,497,0 12,469,2 93,937,1 6,553,7 7,469,3
5 NASSAU STREET.
NEW YORK
THE ROOKERY,
CHICAGO
BANKING and EXCHANGE of every description In connection
EXPORTS &
Boston and Philadelphia Banks.—Below is a summary of
the weekly totals of the Clearing-House banks of Boston
and Philadelphia.
with
IMPORTS
International Banking Corporation
60 Wall St., New York.
CAPITAL & SURPLUS, $6,500,000
BRANCHES and AGENCIES throughout the WORLD.
INTERNATIONAL BANK
law, ol N. Y. State.
(0 Wail St.. New York
THE
SinceJan. 1.
fgauhittg and ffitiattciai
$
100,0
250,0
400,0
300,0
200,0
500,0
250,0
200,0
100,0
200,0
100,0
200,0
200,0
300,0
Jersey City.
First Nat..
Hud.Co.Nat
Third Nat..
Hoboken.
First Nat..
Net
Ac.
N. Y. City
Boroughs of
Man.de Brx.
EXPORTS
Germany
Holdings.
$
88.124.7
88.597,9
88.911.4
89.226.2
87.948.8
88.364.2
88,481,0
89.325.5
88,230,4
87.892.2
1909 and 1908:
Great Britain
France
Tot. Money Entire Res.
Loans and
Investments.
The following table shows the exports and imports of
specie at the port of New York for the week ending Nov. 12
and since Jan. 1 1910, and for the corresponding periods in
Organized under the
Invited. Interest paid on Term Deposits.
THOMAS H. HUBBARD, President.
Accounts
1368
THE
CHRONICLE
&»<mluers* (Stoette.
[Voi>.
LXXXXI.
$1,000 discount; bank, $1 per $1,000 premium. Sa¬
vannah, buying, 3-16c. per $1,000 discount; selling, par.
Charleston, buying, par; selling, l-10c. per $1,000 premium.
San Francisco, 30c.
per $1,000 premium.
St. Paul, 55c.
per $1,000 premium.
Montreal, 46J4C- Per SI,000 discount.
per
Wall Street, Friday
Nighty Nov. 18 1910.
Money Market and Financial Situation.—One of the
most important events of the
week, from a commercial and
State and Railroad Bonds.—Sales of State bonds
financial standpoint, was the Government
at the
report of interna¬ Board are
tional trade for October, which was
limited to $7,000 Virginia fund, debt,
given out on Tuesday.
1991,
at 87.
The market for
This report shows a large excess of exports
railway and industrial bonds has been dull,
over imports, an
excess which has
rarely been exceeded in any month of our narrow, and for the most part featureless. The daily trans¬
national history, and indicates that the balance of trade for actions have averaged a little over
$1,600,000, as against
the calendar year'will be much more favorable to this
nearly $2,200,000 last week, and with rare exceptions net
country
than a few months ago seemed possible. Neither this nor changes are limited to minor fractions.
The only really
any other development has, however, had any noteworthy
noteworthy feature of this list has been
effect upon the security markets.
Business in the latter Seaboard Air Line adjustment 5s, which advanced from
has been almost exclusively carried on
by professional trad¬ 7324 at the clolse last week to 7824 on Thursday, and close
ers, and some of the methods used in manipulating prices with a net gain of 4 points.
have been
The
of such
a
character
United States Bonds.—Sales of Government bonds
at the
Board include $1,000
3s, coup., at 10124 and $1>000 3s, reg.,
at
to call forth criticism/
as
Investors and bond dealers have been interested in the
announcement that the Chicago &
North Western Railway
Co. has sold to one of our best-known bond houses the
entire
block of $15,000,000 4% bonds to be
issued, and also in the
proposed offering of $50,000,000 by the City of New York..
The Bank of England's weekly
statement, which we fre¬
quently refer to because of its important influence upon the
local financial situation, shows a substantial increase
in its
gold holdings and in its percentage of reserve. In this
market call loan rates on at least one occasion
during the
week dropped to 2%, and time loans are
quoted at lower
rates than for several months
past. The easier conditions
noted are due, in part at
least, to the fact that the recent
demand for funds from the interior has
praetically ceased;
and a return flow is
beginning to show itself.
10124- Following are the daily closing quotations; for
yearly range see third page following.
Interest
Periods
=
The open market rates for call loans at the Stock
Exchange
on stock and bond collaterals have
ranged
To-day’s rates on call were
Commercial paper quoted at 5 34 @6% for 60 to2>4@224%90-day en¬
during the week
from 2 to 3J4%-
dorsements, 5J4@6% for prime 4 to 6 months’ single
names
and 6)4 @6 34% for good
single names.
The Bank of England weekly
statement on Thursday
showed an increase in bullion of
£2,265,149 and the percent¬
age of reserve to liabilities was 52.36, against 51.91 last week,
The rate of discount remains
unchanged at 5%, as fixed
Oct. 20.
The Bank of France shows a decrease of
8,475,000
rancs gold and an increase of
2,100,000 francs silver.
NEW YORK CITY CLEARING-HOUSE BANKS.
1910.
Averages for
week ending
Capital
Surplus
Differences
Nov. 12.
from
previous week.
$
%
133,350,000
194.250.300
1909.
1908.
Averages for
week ending
Averages for
week ending
Nov. 13.
Nov. 14.
I
%
127,350,000
%
126,350,000
177,371,800 163,720.100
Louis and discounts.
1,213,310,700 Dec. 13,564,700 1,226,243.100 1,328,147,600
Circulation
Inc.
48,190,300
82,500
53,223,300
52,431,800
Net deposits
1,173,031,100 Dec. 14,945,100 1,214,788,000 1,403,522,600
U. 8.
(Incl. above)
1.602,500 Dec.
36,600
1,672,700
9,198,700
234.649.300 Dec.
743,800
241,898,200 302,088,100
Legal tenders
66,089,800 Dec.
409,500
68.567.800
—
dep?
j
Reserve held
25% of deposits
fc
St>
Surplus
reserve
,•
Surplus, excl. U.S. dep.
300,739.100 Dec.
293,257,775 Dec.
7.481,325 Inc.
7,881,950 Inc.
5.—The Clearing House
1,153,300
3,736,275
2,582,975
2,573,825
310,466,000
79,004,500
381,092,600
303,697,000! 350,880,650
6,769,000
7.187.176
j 30,211,950
32,511,625
now Issues a
statement weekly showing the actual
as well as the
figures, together with the returns of separate banks, also theabove averages. These
summary Issued by the
State Banking Department, giving the condition of
State banks and trust com¬
panies not reporting to the Clearing House, appear on the
second page
Ion of the banks oh
Foreign
Saturday morning
Exchange.—Operations
in
on at
been carried
preceding.
foreign exchange have
quickly varying rates, owing in part to
speculation. This morning a decline to 4 85 J4 for demand
sterling was followed by a recovery to 4 86 at the close.
To-day’s (Friday’s) nominal rates for sterling
exchange
were 4 82)4 for
sixty day and 4 8634 for sight. To-day’s
actual rates for sterling
exchange were 4 8220@4 8230 for
sixty days, 4 8595@4 86 for cheques and 4 8645 @4 8655
for cables.
Commercial on banks 4 81 34@4
8124 and docu¬
ments for payment 4 8134@4
81)4. Cotton for payment
4 81 @4 81J4 and grain for
payment 4 8124@4 8124. '
To-day’s (Friday’s) actual rates for Paris bankers’ francs
were 5 23)4@5
2224 less 1-16 for long and 5 20 less 3-32@
5 20 less 1-16 for short.
Germany bankers’ marks were
9424@94 5-16 for long and 94J4@94 15-16 for short. Am.
steraam bankers’ guilders were 40
3-16@40 3-16 plus 1-32
for short.
2s, 1930
2s, 1930
3s, 1908-18..
3s, 1908-18
„
registered Q—Jan
coupon Q—Jan
registered Q—Feb
coupon Q—Feb
4s, 1925
registered Q—Feb
4s, 1925
coupon Q—Feb
2s, 1936_Panama Canal regis Q—Feb
2s, 1938.Panama Canal regis Q—Nov
*
Nov.
12
Nov.
14 *
Nov.
15
Nov.
16
Nov.
Nov.
17
18
*100% *100% *100% *100% *100% *100%
*100 % *100% *100% *100%
*100% *100%
*101% *101% *101% 101% *101% *101%
101% *101% *101% *101% *101% *101%
*115
*115
*115
*115
*115
*115
*115% *115% *115% *115% *115
*116
*100% *100% *100% *100% *100% *100%
*100% *100% *100% *100% *100% *100%
This Is the price bid at the
morning board;
no sate was made.
Railroad and Miscellaneous Stocks.—The
stock market
was
decidedly strong during the early part of:the week, but
the advance then made
largely melted away in the subse¬
quent trading. The market was strong again
to-day, how¬
ever, and prices at the close are an
average of a point or
more higher than last
night. A considerable portion of the
business recorded has been of a
speculative character, and
therefore the movement of
prices has little or no significance.
Trading in United States Steel, Union Pacific and Read¬
ing has constituted a large portion of the entire business done
at the Exchange, and fluctuations of
these stocks have cov¬
ered a relatively wide
range.
A few issues have been excep¬
tional in their movement,
including Union Paicfic, which
advanced over 5 points and held
nearly all the gain, and Dela¬
ware
& Hudson, which moved
up 434 points on limited
transactions.
On the other hand, Great Northern has been
Weak, closing with a net loss of 1 point, while Canadian Pa¬
cific has made
a similar record.
The copper stocks have been
strong on a larger demand
for the metal, United States Steel is
324 points higher than
last week and the industrial list as a whole has
been
strong.
For
daily volume of business see page 1378.
The following sales have occurred this week
represented in
Week
our
detailed list
STOCKS.
Sales
ending Nov. 18.
for
Week.
Am Brake Shoe A Fdy..
Be topilas Mining
Dee Moines A Ft Dodge.
E I du Pont Powd, pref.
Evanev A Terre Haute..
Homestake Mining.
Lackawanna Steel
Manhattan Beach
North Ohio Trac A Lt.
St L A 8 F—C & E Ill
new stock trust certs
95<?
200
100
5
200
230
146
200
100
on
of shares not
the pages which follow:
Range for Week.
Lowest.
86
Nov
Nov
Nov
Nov
60
Nov
86
Nov
40
Nov
2% Nov
39
Nov
4*
27 53
Range since Jan. 1.
Highest.
16
18
16
15
12
14
17
15
14
89
Nov 18
$2 % Nov 18
4 % Nov 16
83
Nov 15
60
Nov ia;
87
Nov 15
40
Nov 17
Nov 15
39
Nov 14
Nov 15 55
Nov 15
Lowest.
Highest.
83 % Oct 91%
$2
Sept 13%
4% Nov
83
55
81
34
Nov 88
Jan
Sept 61%
Oct
Feb
Jan
Oct
2% Nov
35
53
Nov
Jan
4% Nov
89
45
May
3% Mch
Feb
39
Oct
Sept
63
Feb
Outside Securities.—The movement of
prices on the “curb”
week, while not uniformly upward, has been to higher
levels, the market closing strong and fairly active. The
volume of business has improved
only slightly. Butte Coali¬
tion eased off from 2024 to 1924 and recovered to
2024- Chino
was a strong feature, and after an
irregular advance from
this
2124 to 2224 jumped
to-day to 2424» the close being at
124- Giroux
improved from 724 to 7J4 and finished to-day at 7 13-16.
Greene Cananea eased off from 7J4 to 724 and rose to
824Inspiration from 9 24 moved up to 9 J4 Miami after an early
drop from 2024 to 1924 ran up to 2024 and ends the week at
2024- Ray Central sold up from 224 to 2 9-16, easing off at
the'close to-day to 2 24- Ray Consolidated fluctuated be¬
(UPExchange at Paris on London, 25f. 3024c.; week’s range tween 1924 and 2024 and ends the week at the high figure.
25f. 31c. high and 25f. 29c. low.
Kerr Lake, an active issue, rose from
624 to 8 and reacted
Exchange at Berlin on London, 20m. 4924 pfweek’s to 724, finishing to-day at 7 7-16. Business in La Rose
range, 20m. 5024 pf. high and 20m. 4824 pf* low.
Consolidated was between 4 11-16 and 4 15-16, with the
close to-day at 4 13-16.
[5The range of foreign exchange for the week follows:
Nipissing was traded in between
W Sterling Actual—
Sixty Days.
Cheques.
1024 and 10J4- The market in miscellaneous securities
Cables.
High for the week
4 82%
4 8615
4 8670
broadened somewhat; American Tobacco, after a
Low for the week
4 81 &
4 8550
gain of
4 8610
Paris Bankers* Francs—
r:
f. r
about 3 points to 433, sold down to 420, ex-dividend. Ameri¬
High for the week
5 22% less 1-16
5 20 less 1-32
5
19
can Writing
% less 1.32
Low for the week
5 23 % lees 1-32
Paper preferred, after a loss of about 2 points to
5 20%
5 20 less 1-16
Germany Bankers’Marks—
2624,
recovered to 28)4, and was traded in to-day at 28.
High for the week
04 5-16
04 15-16
05
Intercontinental Rubber advanced from 28 to 2924 and closed
Low for the week
04 3-16
04 %
04 13-16
p Amsterdam Bankers’ Guilders—
to-day
at 2924- Standard Oil moved up 3 points to 620
High for the week..........
30 06
40 21
40 26
and reacted, selling to-day at 613@612,ex-dividend. United
Low for the week
30 02
40 16
40 21
Cigar Mfrs. com. went up from 62 to 6324 and down finally
5 The following are the rates for domestic
exchange at the to 6224- A feature in bonds was the transaction in Am. Sm.
undermentioned cities at the- close of the week:
Chicago, Sec.new 6s,“w.i.,” at from 10324 to 104 and down to 10224*
15c. per $1,000 discount.
Boston, par. St. Louis, 20c. West. Pac. 5s declined from 93 24 to 93 24
and recovered to 93 24
perA$l,000 premium. New Orleans, commercial,
Outside quotations will be found on page 1378.
75c.@$1
:
24.
up
First National weakened from 224 to
•
,
•
Exchange—Stock Record, Daily, Weekly and Yearly
New York Stock
OCCUPYING
STOCKS—HIGHEST AND LOWEST
Saiurdai
Nov. 12.
Monday
Tuesday
Wednesday
Nov. 14.
Nov. 15.
Nov. 16.
SALE PRICES.
Friday
Nov. 18
Thursday
Nov. 17
PAGES
TWO
Sales of
the
Werk
Range Since January 1.
On basis of 100-share lots
NEW YORK STOCK
EXCHANGE
Lowest
Shares.
r?aiL*oads
35
70
*25
*65
35
102%
*100*8
11812
*106*4
102*4
1027* 103*8
101
119
101
119
70
101
*62
72U
278
*45
49
49
6312
*98*8
59 >8
♦201
*140
*160
*2*4
8
64
110
*76
*74
*988*
5914
77
77
*76
*73
25
29
48
37
28*4
48
210
150
170
*200
*140
*160
*
94
*98*8 110
60*8 607s
77
77
*76
*74
77
77
*125
*132
135
*125
133
134
20*8
551s
20*4
,35*4
♦74
32
651s
*15
*37
*63
14412
*140
*271*
*48
20*4
55*8
20*4
3^*4
94
135
771*
170*4
*30
*
...
23
*46
32%
74*8
36*4
1237b
♦2*4
*66*8
*98%
59*4
*75
*73
169
*500
32*2
*73
*55*2
12*2
13*8
25
*22*2
30
30*8
48
48*4
*34
36*4
60
*14*4
125
60*4
15*2
94
135
119
119
70*2
1075s 1075s
90
$90
77
195
*02
*275
777b
195*4
70*2
285
46
48
210
150
170
t“
69
110
60
77
77
169
575
*2*2
3*2
*6
8
66*2
*983s
59*4
*75
*73
169
*500
33
32*2
74
76
*52
61
12
1212
25
*22*2
30
30%
*64
*15
*37
67
6712
$63
63
Central of New
*14
93*2
93*2
*93
*125
135
200
lT. 400
6.050
1,125
18.300
8,600
5
Havana
Electric
Do pref.....
200
Do prer
*
200
*135
*701*
37
50=4
Illinois Central
Do
500
IZ CFt S&Mtrcfs, pref
*63
65
*65
Nash
Chatt
A St1st
Louis,
at Rys
of Mex
pref
*100
*90
*100
110
110
110
*100
•90
*100
«
ut’prri!::::::;
Do 2d pre*..
Pennsylvania
1291* 1291* 129*4 129*4
♦95*4 98
*95*14 98
•110 115t2 *110 115*2
1601* 150*2 1625s
89
97
*88
*95
Reading-
4*1—ist-pref.
^
2d pref
65
61
•63*2
40*4
*40
27
♦23*4
117*4
_ .
'
Db 2d pref—i......
St Louis Southwestern...
P* pfef
Mb...
Southern Pacific Co.....
southern v tr cfs stmpd.
41*2
27
68
117*2 118*4
27*4 277$
‘SPl
64*14
26*2
11*2
574i
*108
,_D°
66*2
2644
127s
8*8
255s
58
*6
25
Do
*14
8*2
3
Augll
34*2 Aug 2
'ly 26
'ly 26
’ne
—
'ly
’iy 26
iy 28
’iy 26
’iy ae
•17 36
ipref—......iii...
Do
no 30
'no 30
*iy 26
prof——j
Wheeling* Lake "ErieJI
Do
F°b
Mch
Mch
37
.
M«*h 9
128
687b Nov 3
172*4 Feb 18
93% Feb 17
110%Jan 3
57*4 Jan
92*2 Apr
73
60
Jan
Jan
34*2 Jan
75
Jan
36*4 Jan
1*1 ptJSSJSnr
1:*u,21,elL
481- Mch
01
118
89
90
Feb
Mch
Feb
207s Feb
57% Feb
65*4 Mch
36 Feb
20*2 Feb
47*2 Jan
114% Feb
22 Feb
60 Jan
30 Feb
Jan
Dec
Jan
May
Jan
May
Apr
Apr
Feb
71% Aug
21
Jan
36%
Jan
39
J ue
56*4 Auy
Aug
46
5?" Dec
mb’a»
Dec
Dee
» a,
**
J'ne
162% Aug
26% Deo
94*9
63%
Dee
36
62
82
Apr
Apr
Sep
50%
Aug
75% Aug
29*2 Aug
64's J ne
71% Dec
162*2 Aug
153*2 Jan
60
yo
Jan
149*9
Jan
164*2
Jan
AUg
94
Deo
50*2
78%
77*2
Oct
Oct
Aug
Deo
Dec
26% May
147*4 Aug
142
64
69
NOV
173%:Sep
96
Aug
117*2 Deo
:
%«»**-
81
74
Jan
172*2 Feb
Mch
Feb
£94
30
35%:Deo
82
Dec
139*8 Aug
84
Aug
.
75*2:Deo
40% <Aug
42*2«Jan
15% Jan
64% Oct
74% Jan
116*4 Dee
Aug
118*2 Aug
219
47
77
50*4 Feb
15
Feb
41
Feb
Jan
Deo
60*4 ISep
43
97
Dee
94% Deo
TfiS
Feb
64*4 Feb
72% Jan
117% Jon
204% Jan
103% Jan
42% Jan
72*a Jan
27% Jan
,
27%:
81%.
54%Mch 12
Oct 22
Jan 4
Jan
13*2 Jan
64 Nov 2
74
10
23
J’ne 30
J’ne 30
J’ly 26
650 Wisoonsltt
j
19% Jan
15% Jan 1*
64% Jan
Apr 28
Do Mprefu——
r Central... j.
*6
36%
677$ Feb
25*4 Jan 5
19*2 Feb
62*4 Jan 3
Jan
48
70*4 Apr 14
69
Jan
15934 Jan i. xl2l
*an
146 Oct L
137
Dec
i>3*4 Jan 4
61
80 Feb 14
M
Mch
145 Mch 3
132% Jan
155*2 Mch 2
147 Apr
9234jan 3
89
J
£1*8 Jan L
35*2 I,1Bb
745, Jan 6
71
735* May 3
65
Feb
140 Nov 3
122% Jan
72*8 Nov 3
44*2 Apr
Dec
87*2 Novi*
21
rV*
Aug 15
Maryland Ry—....
16
137
11%
18*2 J Jy 26
77*2 Jan
51% J’iy 26
103*4 J'iy 26 £138*4 Jan
18
J’iy 26
33*4 Jan
of“san"fr
61
60
Feb
Unit Rysjnv^t
Do prof....*...**...
«*ah .......
17*4
17*4 17*4
35*4 86*3 364*
46
47
45*«
74lS *73
7412
*5*2
6*2
612
16
J'lV 26
J’iy i6
^Son‘RtSfio141
30
60
•55
J’ly -6
J’ly 26
Toledo St L A Western..
112
*26
Sep 20
27
67
Toledo Railways A Ughv
927g *91*2 92*4
28
58
J'ne 6
do
'|>»xas 4s Pacific..
lhlrd Avenue (N Y)
174*8 1744| 1767b
~
*6
£80*4
58
StI** §*** Fr. 1st pref—
61
*61
65
J’ly
1305s J'iy
Aug 24
87 J’ly 26
227b J’ly 26
54 J’ly 27
'
65*2
61
Sep 21
£85
.......
Hock Island Company...
DO prtf...... .....
81% 325s
8l*s
..........
Pltt«b Qn Chic A St L—
Do pref.............
89
97
"bk" Apr
^b
Feb
-
Jan
103
loo
74*4
J neao
200
c80
51
00
Feb
Sep
J’ly 26
J fy
39
83*8
48
4
84*2
»
Feb 18
Aug
Aug
100
Feb
Feb
10934 Jan 21
100
98
Jan 19
95
Nov
76*4 £pr
162
Mch 14 1154 Aov 174*4 j’ne
A151 Mch 11 1147*0 Dec fti49% Dee
60
Jan 6
42% Feb
65% J’ne
102
Dee
108% Mch 2l
84*4 Jan
91*4 Mch 16
85% Men
92*2 Jiy
145% Jan 3
133U Feb
159*2 Aug
76
Mch Utt»9 Dec
118*4 Jan 12
Mch ,106 “Sep
100
88
Mch 115 Deo
105
Feb 14 Il8 Jan 3
126*8 Feb
151% Sep
122*2 J IF 26 138*2 M^h »
89 J’ly 26 104% Mch 21
86*2 Jan
99% Dee
116 Mch 1
104
Feb
110 Oct
116% Sep
.....
110
110
140 Oct 4
iul% J nei4
147 Jan 6
3
86
2 |eb
4
Aug
157% Aug
2634
.
116*4
TlO
18l8Mch22
97*. Apr H
Sep
Mch
Mch
Feb
66*8 Mch
13% Nov
3
Do 2d pref
23% J’iy 26
N Y Central A Hudson..
105*8 J’iy 26
N Y Chic ds St Louis
55*2 May 4
Do 1st pref.......... $101 J ly 8
Do 2d pref...
82*4 Apr 28
NYNH4 Hartford
149
Apr 28
Subscription receipts *.. <1143 J neio
N Y Ontario A Western
38*9 Aug 2
Norfolk A Western,..
88*2 J’iy 26
Do adjustment pref...
88
Feb 2
Northern Pacific..
111** Aug 3
100 Oct 13
69
80% Jan
68%
teh
3
J’ly 26
60
36*2
28*2
136%
Dec
Dec
Mcl1
105
Mch
Jan
J’iy
41
125
flov
64*4 Jan
63
123
23
40
114
144
14*4
J’ly is
Aug 2
J’iy 20
Aug 2
39
w
Jan
Jan
79*2
Mch
Jan
is%
83%
Jan
68
Jan
100
Oct
51
76*2 Jau
Jan
73*4
167*4 Feb
Feb
535
- ~~
37°8 *aa
28
4414 Jan
7
7*4 Dec
3
71
181
3*2 Dec
22%
80
165*8
173*8 Feb
195*2
Mch $230
■70S
Ape
148
167
166*2 Jan $180
Jan
Jan
37%
64*4
Feb
158*2 Mch
Jan
30
Sep
Dec
74% Apr
78*2 Mch
323*2
91%
Jan
25*2 Jan ii
o2?g Jan 12
Jneau
189% Oct
70% Nov
Jan
Feb
141
14378 Jau
99
Apr
82% J’ne
Mch
56
J’ly
96
Jan
Nov
70
31*2 Dec
58*4 Dec
104
Jan 15
36 *4 Feb ’ b
8 » J Men 4
81
Jan^ 6
185 Jab 3
023 Mch 21
62
Jan 3
84
Jan 3
66 Jan 27
Mch
143*2 Aug
Nov
577$ FeD
,
42
122%
“*
162*2 Feb
170*4 Feb 18
5% Jan
l2i4 Jan
92*4 Mch *8
Jan
Feb
’
„
Jan
1834
34%
34*8
52*4
125% Oct
106*4 J ®e
Mch
25
J^n
Jan
J ly 26
J ly 28
J’neju
Oct
131*2
.
93
1147* 11512 115
LakeDoErie
A Wee tern
pref.........
15
.......
*100*4 110 *106*4 110
*88*4 90
*88*4 93
*153
156
*153
154*4
*148
14914 *148 149*4
*42
42*4
43*4 43*2
98
99
*9714 98
*83
23
Do pref....
Minn St P A S S Marie...
Do pret.
......
Do leased line ctfs....
Mo Kansas A Texas
Do pref
Missouri Pacific
37*2
113*4 114*8
1121* II314
68
Manhattan
umeapollsElevated
A St Louis
50*2
J;iy26
58
Long Island.......
Louisville & Nashville...
145
72
124
Do
pref.....
lop
300
69
May b
Feb 7
15
25
pref.............
”7’500 IVansas City Southern..
’*•
10.'
86
14*4
41*2
.
*
43
50*2
*135
7U2 *70
37
37is
140
.......
nter boro-Metro poll tan
9,170
Do pref...
14.300
1,500 Iowa Central
.
J’ly 26
J’ly 11
10
J’iy 1
17
J’ly -e
19*2 J ly 26
35
J’iy -7
26*4 J’ly 27
J’iy -6
118
45
J’ly 6
11
Aug 10
88% Ja.i .0
93*2 Novi7
docking Valley..........
135
20
*64
)
45
...
Jan
Jan
64*8 Jan 10
158% Jan
172*4 Jan
182*2 Jan
62%
....
Oiilt
C634 Jan
Apr
36% Jan
225
3®n
■
69
113*4 J’neau
Do * pref
ijetrolt United
Duluth So Shore & Atlan
Do pref.;...
J......
L'rie
Ci Do 1st pref
Do 2d pref.....
Great Northern pref
Iron Ore properties
Green Bay A W; deb ctfB
700
146
145
145
142
♦140*2 142
29U *27
29*2
*48
54
54
68
237$ J iy
64% J'ne
19
J’lV
40
J’ly-.
,
93*2
21
Aug
65
_
15
*133
10
0I2
92
9?%
103***
‘
1>1
67
U65
60»4
216
55*
,5%
Jan
2)2% NOV
....
133i2 133*4 133*4 135*4
148
•143
145*4 145*4
*88*2 90
*881* 90
331*
33*2 33*2
50
176‘ Feb
63*2 J’ly
248 J’ly
Mch
ioo*4
R2'*\ Msy
—
67
14*4
94
Highest
20
107*2
119*8 Jan
Do^ pref.J.i.
143
Sep
2,700] Chicago & North Western 13714 J iy
Do' pref..2..
20
J
JU627
.2
Chic St P Minn A Omaha 140
Apr 2b
Do pref.
$160 Apr ■
Chic tin Trac ctfs stmpd
£*2 May
Do pref ctfs stihpd..i.
478 Sep
Cleve
CIn
Chic & St L...
700
61 Nov
Do pref..........
99
Sep 14
46
J'iy .6
5’625 Colorado & Southern
Jriy .7
Do I t preferred
70
Do 2d preferred
70 Aug 1
1,400 I Delaware & Hudson
149*4 j;iy 26
I'e aware Lack & West- 493 J iy 26
Denver
&
Rio
Grande...
1,260
23*4 J ly -6
110
60
77
77
169
675
33
74
61
12
615s
48*4
37*2
124*4
J’ly
Sep
Sep
Feb
336
210
150
170
*200
*140
*160
14*2
*125
102*2
)C0*4
87*4
68*2
400
Do pref trust ctfs....
32,500 Chicago U lw 4 St Paul..
47*4
_
£97
...
'“i00
3d
Mch
72*2 &lch
124*8 Jan
134*4 Jan In
137*2 Jan
t0*4 J’ly
J’ly
24,050 *tch 1 opeka A Santa Fa
Do pref..—
1,500
3,700 Atlantic Coast Line RR..
1,832 L>a>tlmore & Ohio—
44
Do pref...—
14,600 Brooklyn Rapid Transit.
8,720 ( Canadian Pacific
A 'anada Southern......
Jersey.._
8378
82% 837b 24,615 Chesapeake A Ohio.J
*30
43
43
Chicago ds Alton Hit
Do pref...
65*2 *
65*2
Jbic Gt Wes, trust ctfs..
23
2,020
23*2 23*4
285
24*2
307b
4812 49*4
375s 377$
123
124*8
£60*2 60*2
122
60
Feh
48*2 Feb
1
Lowest
Highest
25
AnnDo
Arbor
pref wi———
12212 123*2 122*2 124*8
*147*4 149 $148 149
147
147*4
146*2 147
61
48*4
*125
82*4
*6
575
*12*2
*22*2
29*4
iooTb 10078
101
120
195*4 197*4
*62
*275
35
70
104
32*4
19
43
66%
*125“
94
135
8
69
110
77
77
327b
30*8
48*2
37*4
12378 125*2
60*4 60*2
*14*2 15
3*2
607b
74
*63
1037s
*25
*65
103
21
36
78
32*4
32
60
*75
*73
170
*500
48
21*8
67U
21
*35
*74
*65*2
*985s
29*4
*
*
70
107*4 108*4
90*2
7634 77
*200
*140
*160
150
170
*2*4
36*4
133
2034
55*4
147
210
13
25
*12
*23
60
15
-
147
♦200
*140
*160
*6
61*8
60
15
148
8
67
*6
*65
13
25
148
3*2
*2*4
48
122*4 124*4
150
147*4 147*2
29*8
48*8
36U 36*4
124*2 12512
»37
1245s 124%
59U 60
♦14*4 15
*47
48
*147
65
110
*12
*22
29
48
1312
66*2
23%
237b
23*4
*16512 167l2 167*2 17012 169*2 169*2
*497l2 600 ♦497*2 575 *500 575
32
32
31*2 32
32*4 32*4
74
*72
♦72*4 73
727* 73
*12
*21
43
*30
123*# 124*8
P
*6
65
5914
23*4
*46
150
148
210
150
170
147U
3*4
*212
*6
*147
150
147
210
150
170
84*8
65*2
23%
*45
285
83*8
84*8
35
*89
77*2
19614 197*4
*62
70*2
43
*30
65*2
12178 12212 122% 12378
*148
*146
*200
*135
*155
83*2
43
*30
65i2 *—.
23
22l2
10712
♦275
285
1007s
♦119
120
108
92
119
19G*8 197*8
70*2
*82
*275
8414
831*
40
22l2
285
*275
83*8
*30
*....
*90
77
92
7634 7714
19714 198*8
*d2
701*
91*2
763s 7612
1961s 196*8
82*2
103*2 104*8
1007g 101*8
119*2 120
107*4 108
93
*90
77
77*8
119U
*89
278
103*8 103%
101*8 101*8
10712 107*4
10714
*90
*25
*65
103
30
70
*25
*65
35
70
*25
*65
*25
*65
Range for Previous
Year (1909) * *
’
6
J ly
1514 J’iy
e*t J'»y
x6% Jan
12%"Jan
25% Jan
15*8 Jan
«*% Apr
banks AND TRUST COMPANIES—4*0KUrtS’ QUOTATIONS.
Banks
Aetna
.....
America
Ask
tut
Non York
$..
Amor Exob i
Banks
Chatham
175
180
695
230
805
Ch=
atlsens' Cti
115
Audubon
Battery Pk. 122%
376
BoweryU...
Bronx Borot 800
126~ Oty.i.
groax
ryant Nit.
Pk V
200
,165
138
205
160
170
430
175
..
gulch
D
inturyA |.
Chase
aod
ked
(Sale at Stook
..
145
451
00a
O:
&
...
Htd
Ask
810
200
425
150
382*9
163
400
330
Coal A Iron
Colonial
Columbia DCommerce
t200
Corn Ex ).. 310
East River. 115
Fidelity T].Z 165
.
Fifth
AveH.; 4000
or at
210
430
155
Banks
Hut
Filth L— 300
First
840
14th Stfl— 150
Fourth .... U93
387*2 Gallatin
Garfield
158
405”
“r-r-f-ie
315
125
175
4250
auction this week>
9M
...
...
Germ-Am !
Germ’n Exi)
lermania
Gotham ...
18
550
Banks
350
610
550
Hid
Ask
Irving N Ex 200
iefferaoni—
Liberty*... 625
Lincoln.... 400
210
•••»
156
119*
Manhattan!
885
800
159
503
5/5
265
625
695
325
185
L3-.
426
320
Mark’tAPul 252% 2571;
MoohAMet’s 245
248
Mercantile. 150
160
>
derch Exch
150
Greenwich ! 255
Hanover...
Imp A Trad
Alt
160
Merchants'. 179
Metropolis 1 39*)
Metro pal ’nfl 202
„
Mt
Monig^j.
250
170
181
410
206
260
snarcs ijatate
J[Ax;rlgats. 4 Less than nloo
First Installment paid,
Sold at private
Ask
BUt
Banks;
Mutual 5
Nassau
New Ncihd
285
240
210
295
'
J*£mm
220
NewYbrkCo
900
New York.
N’ht APayfl
19th Ward.
Northern
815
825''
225
210
260
aw
105
Pacific!—
230
240
855
276
..
Hark i
People’s
H he nix
PtazaH
f..
....
350
260
190
626
hta
Banks
Prod Exch U 182
Reserve
100
Seaboard
40U
Second
400
Sherman... 135
State ! .... 275
12th Ward.
23d Ward.. 1V0’
Union Exc
170
Wash ti’ts
276
West Side
65)
Vorkvllie TJ. 100
..
....
200
banks, a Ex-dlvidead aad .nsaH. a ,Now Mack,
sale at this price, s 2d 9*M. rM
pWd7”
Ask
186
v4*'*b’ibm
425
290
140
—*1
mmmn
<9—4
1370
New York Stock
STOCKS—HIGHEST
Saturday
Monday
Nov. 12.
♦250
*8%
10
31
67%
44%
68%
4412
♦100
371»
♦100
38
♦92
10
♦9212 94
9*8
978
75l8 75%
52l2 5212
114l2 1141
♦61
♦102
♦235
22
3812
32
♦4
*87%
78l8
106
106
♦240
♦100
♦46
IOOI4
47
117
118
♦116
4U4
3134
95
95
4U2
34"8
93*8
4134
42
33
33%
6H8
61
61l8
*2978 3034
33% 3312
♦IO514 10612
33
♦412
612
♦16
1634
7714
7714
♦78
32%
3234
♦18
*42
3234
20
50
152% 152%
8
33%
*18
*42
20
49
153
153%
8
8%
113%
8
124
*121
16
57%
*106
16*2
87
*82
57%
*57%
108
107
20% 20%
*73% 75
65
*30
65
31%
42*2
.,■12%
*106
107
*89
20
*6978
*32%
2O84
*73
65
*30
43
1053, 106%
92*2
*89
20
72
92%
*19%
21
71
*2%
2*2
*43,
5%
*34% 35%
*96% 105
34
3434
*2%
*434
35
*96
35
97
35%
*8
*52
*103
106
*16
*55
*98
*__
*4%
*14
*34%
*110
*72
r77%
117
35%
140
92
9
60
104%
106
17%
105
113
*88
*8
*52
*103
*105
*16
34%
106
17%
57%
62
$57%
103
*98
103
*
70
72
7U
*4%
7%
17
*14
17
36
35% 35%
111
*110
112
75*2 *72
76
77%
7734
79%
117
117
117%
49
49
49% 60%
6038 60%
6034 61%
*122% 124 *122% 124
....
*160
*70*2
70
*120
165
*45
*160
71%
70
124
7034
70%
*120
55
165
71
71
124
Hillside^
Homestead!
Manufac'rs
Mechanics *1
Moatauk
Nassau
....
*3
*30
88% 88%
80% 81%
106% 106%
80
65
33
25
50
153
89
80% 8134
106% 106%
_.
9434
* 134
80
65
33%
20
50
6
56
43
17
13%
56%
13
56
42
1
1
*16
*2%
5
*65
*30
45
34%
97%
37%
52
*51
*4%
17
36
*14
*72
79
75
*72
123
*45
160
123
55
160
&
*4%
17
*16
75
*72
79%
787g 8O84
117% 11734 $11734 11784
49% 50%
49% 50%
61% 62%
62
63%
72%
71%
124
7184
50
6234
*71%
7134
124
92
21
73
33
96
37%
3634
139
92
9
60
105
106
139
*88
*8
*56
*103
$16
5S
*57
*95
$97
*4%
*15
36
*70
*
37%
139
92
9
60
105
7%
17
36
75
79% 81
117% 117%
4978 5034
62% 63%
♦120
124
*158
165
72%
7184
*70%
72
124
Feo
120
Oct 13
u2o
Jan
*120
Do
Corn
pret
4
~
Oct
72
71
124
42% Jan
115
8
1
Do
pret
37
.....
pret
300
Mackay Companies
Do
pret
6% F’eb
Feb
3
3
3
...
Stamp’g
5% J’ly
Nov
7734 Feb
Jan
jan
Jan
Jan
Oct 10
7384 Oct 10
11*>
125
5
Jan 17
28% Jan 3
96% Jan 18
89% Jan 4
Jan
_
Texas Pacific Land Trust
Union
& Paper.._.
Do Bag
oret..
100 United Dry Goods Cos
200
Do pret
185 U S Cast I Pipe & Foundr
234
Do pref
350 United States Express..
U S Realty & Improvem't
U S Reduction &
Refining
83
6
55
96
Feb
8
95
J’ly 5
J’ly 15
Aug
73
122
99% Aug i
14% J’ly 21
49
J’ne
2»
95% J ly 26
6434 J 'ly i6
May 13
13% Jan 10
1137s
32
84
145
84%
Jan 17
Jan 3
Jan 4
Jan 3
Jan 10
Jan 10
Jan 4
Jan 14
4
J’ne 27
11
Do pret
13
J’ly 8
29% Jan 3
1,200 United States Rubber—
27
J’ly -6
62% Jan 3
400
Do 1st pret.;
99
J’ly 26 110% Jan 10
Do 2d pret
59 2 J’ly 27
84
Jan
3
707,500 United States Steel
91
61% J’ly 26
Jan 3
4,695 —*Bd-'pref:
11()D J’ly 26
12533 Jan 3
18,020 dUtah Copper
Par 810 t*3938 J’ne30 $60% Jan b
12,800 Virglnta-Caroilna Cbem__
47
Feb 3
66% Oct 11
100
Do pret
117
J’ly 28 129% Jan 4
V rglnla Iron Coal & Coke
50
73
Sep 24
Jan
200 \\f ells Fargo & Co
152
Feb
a195
Jan
1,600 "v estern Union Teieg..
53
J’ly 26
78% Mch
1,600 vVestlQgh’seEl&Mfg assen
49% J’ly 26
82% Jan
_
100
Do 1st nret
_
11. t
May
Feb
45
Jau
32i» Feb
65 “ Men
130
Feb
Dec
Aug
94
17334 Aug
Deo
9
Oct
27% Jan
19% Jan
6984 Aug
Mch
Feb
64%
82% Jan
Nov
91
Sep
113% Dec
95% N ov
77% Dec
120
Sep
130
Sep
30% Dec
99*2 Sep
J'ne
Jan
69% Jan
96% Jan
118% oan
12% Feb
82
Jan
71% Feb
1U234 Apr
AUg
94
11384 Aug
80 "F’eb
97%" Nov
Jan
87*2 J’ne
48*9 Nov
64 “ Oct
29% Feb
45% Nov
Jan
1011*
120
103
99% Dec
10
Apr
4o
Feb
301* F’eb
96
F’eb
169
Jan
AUg
Dec
29% Nov
87% Dec
AUg
1118, Aug
Aug
9% J'ly
10
May
56
200
1% jan
Men
32% Mcb
541'.
109 "
977S Feb
16% Feb
67% Feb
Aug
Aug
49% Sep
110% J iy
Feb
68
Dec
Jan
J’ne
J’ne
41% Jan
9512 May
J ly
Mch
3
91%
165%
26%
93%
IIs34"Dec
yio
72
Sep
Dec
128
47%
83%
104
70
Aug
53
63
Jr
6%
18%
J ’ne
Dec
Sep
Sep
Dec
Dec
Nov
5134 Oct
2i38 Feo
114% Feb
16% Feb
73%
May
40%
10734
554%
36%
69%
164%
19%
111
Feb
jj2
Oct 17
J’ly 26
10184 J’ly 2o 110% Jan 17
$17% J’ly 6 522% Oct 1/
59
J'ne 0
95% Jan 3
63
J’ly 6
84
Jan
700
26
22%
J’ly
43% Jan
5,270
aciflc Mail
Telep & Teieg.
30
J’ly 26
46%
Jan
4,100 People's G L A C (Chlo. 103
J’ly 26 11688 Jan
100 Philadelphia Co
84
(Pittsb’h)
J’ly 6 106% Jan
1,500 Pittsburgh Coal Co
13
J’ly 26
2734 Jan
400
Do pret
85
60%
J’ly
26
Jan
900 Pressed Steel Car
25
J'ly -6
5178
jan
250
Do pret
90
J’ly 27 107% Jan
450 Pullman
Company
155
J’ne it 2(W Jan
Quicksilver Mining
2
Sep 2o
378 Apr 5
400
Do pret.,
2% Aug 2
578 May21
200 1> all way Steel Spring..
28 J’ly 26
51% Jan 3
IV
Do pret
x90% Sep 7 107 Jan 17
5,250 Republic Iron & Steel
27
J ne 4
4578
Jan 3
500
1)4 pret
8284 J’ly -6 104% Jan 3
1,720
150
J’ne30
190
RoebuckSteel
& Co& Ir
Nov 12
3,035 Sears,
loss-Sheffield
48% J’ly 30
86% Jan 3
Do
prei
114
J’ly 6 1183, Feb 1
11,200 dTennesseeC topper Par%25
51934 J’ly 26 540-% Jan 3
1,500 Texas Co (The)
134
Oct 7 144 Oct 18
Pacific
-
104
37
9934 Apr
29
NOV
May
66% Nov
136% Sep
131
Apr
145% Sep
3478 Feb
115% Nov
118 Nov125
Feb
90% F eb
26 2 Feb
9334 Jan
$37% f eb
188, Mch
47
Feb
U8 Jan
177s Dec
2378 Jan
25% Mod
109%
98
1163, Aug
Mch 4285
Mch 105
129
16
1051* NOV
101
225
95
Feb
4
11% J'ne
69
Sep
92% Aug
Jan
Feb
Jan
473, J’ne
69% Aug
122
Aug
109% Feb
38
80
J ’ne
20
Jan
Feb
80
84
46U
1,500 National Lead
375
Do pret
4,850 dNev Cons Copper.Par85
New York Air Brake....
1,500 North American Co. new
Feb
12
29
49
Sep
10
61% Aug
42% Apr
1878 Jan
9
160%
1
„
Feb
107% Nov
3t.!0
Dec
34
3
J’ly 26 61% Jan
J’ly 26 64% Jan
J;jy 26 9034 jan 17
J ly 29 116% Jan 10
71
100
National Biscuit
Jan
7% Jan
14% Jan
J ly 2o
J’ly 27
Aug
1183, J ly 6
Sep 17
14
79
...
100
Do pret
750 Nat Enamel'g &
Do pret
Jiy
9
4i%
36%
78%
9384
$ 205
_
16078 Jan o
59% Sep 16
I2a<2 Jan 10
12% J’ly 26
1,900 International Paper
2,000
Do pret
7.600 Internat Steam Pump...
640
Do pret..
4,100 Laclede Gas (St L) com..
Jan
Jan 7
Feb 18
88
79% NOV
9s
8% Jan
47% jan
29% Mch
l/34 Jan
4678 Jan
62% Jan
J’ne
Nov
1243^ Aug
107% Feb
107
NOV
16 s
86
76<*
44% Feb
Mch
oiDj Mch
1
*
But
Ask
375
•
....
Banks
....
100
North Side f
»..
155
People’s
Prosp’ctPk*i
Terminal
.
t-92%
«...
....
415
230
....
245
....
126
115
...
245
150
2/0
_
Bid
Ask
trust co's
Brooklyn
Nat City... t292%
150
158
150
T_w.
320
630
Ask
City
B'way Tr_. fl45
180
Carnegie
Columbia
Commercial
Empire
Eqiiit'ble T
..
90
110
280
120
300
465
Farm Lo&'t 1625
f
640
__
Central fr__ 1025
160
trust Co's
N Y City
Astor
Bankers' Tr
BUI
N Y
Fidelity
Fulton
...
....
214%
290
115
1035
285
130
310
472t
1650
217-
trust Co's
BUi
Ask
Guarty Tr.
800
810
180
180
Guardian Tr
Hudson
...
K nicker b'ki
Law T l&Tr
Lincoln Tr
Madison
Manna t tan
Mercantile
toi?.a,ldc£s,t?dnPn?es:
no 54108
Exchange or at
\isale at Stock
_
Metropoi't'n
Mutual
Mut Al'nce
....
'
101
Of* 27
1,300 General Electric
134
J’ly 26
13,070 dGoldfield Con M.Par 810
$7%
Oct
14
3,800
nt Harvester stk tr ctts
*83% Feb 8
210
Do pref stk tr
ctts... xl 17 Aug 11
150 Int Mer Marine stk tr ctts
4% J ly 25
600
Do
16
59
98
11078 11078
*72
51%
63%
J n<J30
52% J’ly 26
...
72
7%
72% Jan
1678 Aug
67% NOV
»6% NOV
60
Aug
103
Aug
49I" Aug
98 " Oct
Jan
82
71 o F’eb
71io Feb
28% J'ne 30
48
Mch 21
200 Amer Smelters
Sec pretB
82
J’ly 23
9078 Jan 3
56,330 Amer Smelt.ng&
Refinina
J’ly
20
104
61%
Jan
3
2,735
Do pret
;
98% J ly 26 112% Jan 3
American SnutI
277
Apr
4
2*5
Apr 27
300
Do pret
95% Jan 13 101% Sep 20
4.700 Amer Steel Found
(new).
38
J’ly
26
06
jan
lo
500 American Sugar
Refining 111% Oct 3 12878 Feb 18
760
Do pret
Oct
3
112
124
Feb 28
13,200 American Teteph &
Teieg 126% J’ly 26 143% Feb 24
450 American Tobac
(new) ,pi
J’ly
26
90%
9934 Mch 14
2,950 American Woolen
25%£}y 6 39% Men i8
2,570
Do pret
91%
J
ly
6
104
Mch 7
1.700 dAnacondaCopper
Par?25 833% J’ly 26 554 Jan 3
4.000 IJethlehem Steel
21
J
neat
2,000
3478 Oct 21
Do nref
pret,
49
Aug 10
65
jan 19
100 Brooklyn Union
Gas.’
125 J’ly 26 164% Jan 3
200 Brunswick Term & Hy Sec
8
J ’no 29
18%
Jan
3
Butte rick Co
28 J’ne 8
33
Jan 4
5,725 / central Leather
25%
26
4884 Jan 3
450 V;
Do pret
99% J ly 27 109% Mch 8
6,600 Colorado Fuel & Iron
22%
50
J’ly
26
Jan 3
200 Co! & Hock Coal &
Iron
3
Sep 12
92% Jan 4
11,350 Consolidated Gas (N Y). 122
26
J’ly
160% Jan 3
900 Corn Products
Refining..
11% J ’ne 30
23% Jan 6
200
Uo pret....
70%
J’ly
26
86% Jan 3
100 Crex Carpet
55
a
Apr
64% Nov 17
6,864 Distillers* Securities Corn
25%
J’ly
26
3634
Jan 10
500 Federal Mining &
Smelt's
Oct 26
12
60
Mch 8
800
10578 10578
19%
81i« Jan
39% J’ly 26
NOV
<250
95% Jan
20% Jan
47% Jan
65% J’ne l
13% Jan
...
165%
*2%
2%
*434
5%
*3334 35
*96% 100
33”8 35
97% 97%
176% 176%
51% 52
5
35
100
34
123
55
164
*45
1>158
72
71
*120
3234
96
*164
79% 80%
117% 11734
4 120
163“ 163"
*70
17
35
111
75
35%
35% 35%
35
110% 110% *110
11134 4 L10
125
65
20%
72
33
96
26
J’ly 27
6% J nejo
62
J’ly 26
109
.
1,585
18
87
121
3634
7%
*122
113
*120% 121%
*4%
5%
*16% 17
*1234 13%
56% 56%
4234 4384
84% 84%
104% 10534
*9134 96
*7378 75
*89
20%
J’ly
24
89
„
""’132
Jan
123, Feb
F’eb
38
Feb
65
33% Jan
_
2,100 American Beet
Sugar.
100
Do pret
2,550 American Can
6,700
Do pret
5.900 American Car &
Foundry
200
Do pret
2.910 American Cotton
Oil
Do pret
210
„.I_I
k
30%
45%
10534 106%
52
139
.
7%
20
55
154
8%
65
30
45
*96% 9734
179% 181
*88
93
*88
*8
9
*8
*56
60
*56
104% 104% *103
105
1
*10534 106% *105
106
1
*16
19
16% 16% *16%
*53
60
5834 5884
58
*98
101
98
98
*
71
72
*4%
154
8
113
*16
*82
165%
*2%
2%
*96
34
139% 139%
93
9
60
*95%
5
37
11
30
34%
34
94%
75%
11134 *110 112
124
*120% 124
92
*3334
113
36% 37%
138% 138%
105
66
72
33
34%
182%
8434
31%
20%
1
182
52
16%
46
*91
100
*96%
3278
*9%
*29%
52%
6
..
Highest
i90
„
61
136
52%
IO584 106
5
*96
34
32%
5878 58<8 *57% 59%
107% 107% *104% 107%
20% 207s
20% 20%
*73
77
*73% 77
“
2%
34%
42
20
18
87
*82
96%
165
93%
42
22
13
56
43
*8334 8478 *8334
105% 105% 105
*9434 9578 *92
*7378 7534 *7378
165
30
34%
113
*47g
16%
43
*9534
93%
61
136
10%
15334 154
8%
8
8%
112% 113% 113
121% 121% 1
35%
97%
*181
184%
51% 52%
61
138
*15
52
15334
*16%
*1234
94%
35
35
3534
4%
4%
*135
135%
16% 16%
*5
94%
*34
93%
41*4
32%
10578 10578
35%
3478 36
4%
4%
*3%
6%
134% 135
134% 136%
16% 16% *16
17
78% 78% *78
80
64% 64% *62
66
33
34
32% 33%
34
48
153
8
105
9434
35
41%
32%
60%
138
32%
19"8
8%
UZ%*UQ%J18
141% 142 "14134 142%
*9% 10%
*9%
*29% 30
♦29%
34
3484 3434
*105% 106% 1
*78
*62
3434
97%
71
124
34%
117
*34
93
Amalgamated
..
*33
*88
Lowest
J*ne23 >270 Jan
15 Jan
7% J’ly 27
Aug 5
543, jan
55% J’ly 13
90-% jan
35 J’ly 26
4v% Oct 21
99% Apr fc 103 jan
American Express
$235 Aug 3
4%
4% "”206 American Hide
& Leather
8% Sep 13
23% 2434
2,100
Do pret.
19
Sep 8
18
18%
800 American Ice
Securities
13
16% J’iy 26
13
2,400 American Linseed
10%
27
J’ly
33% 34
1.900
Do pret
39
25% J’ne3u
40%
8,100 American
Locomotive
29
J’ly 26
*105
109
300
Do pret
*3
102% Aug 6
5
American Malt
*240
|
*15
39
107
5
35
Highest
17
_
250
Year (1909
$249
Do pret
Copper
500 Amer
Agricultural Chem.
Do pret
38%
Range for Previous
94% Oct
Sep
Jau
10738 Feb
$33% Oct
120
549
80% Feb
9% Feb
66
Jan
116
Oct
93% J ly
15% J’ne
81% J’ne
125% Dec
Sep
24% Feb
rl09
114
Dec
35*2 J'ne
70
Mch
87*2 Aug
82
Feb $111
Dec
64
Feb
87 - Sep
10
Mch
17% J ne
24
Feb
39*2 Aug
27
F’eb
57% Aug
98
Jan
123*2 Aug
67% Feb
89>? Aug
41% Feb
6478 Oct
FeD
107
131
539% F’eo
40'8 Feb
64
Jan
Feb
Jan
Feb
71
110
Feb
MCb
114
67
300
Oct
$67% Nov
5638 Dec
128
Dec
757s Sep
670
Dec
85% Nov
90
Aug
145
SeD
BANKS AND TRUST
COMPANIES—BANKERS’ QUOTATIONS.
Banks
First
39
5
35
110
112
124
*120
124
18
*16
18
87
*82
87
59%
59
59%
107
*107
108
20% 21
2O84 21
*73% 77
*73
77
65% 65%
65
6578
30% 3034 *30% 31
1
43
43%
43
45
105% 106% 106
106%
92
92
*91
92
2034 21% *19
21
*71
74
*6978 72%
33% 33% *33
33%
7134
Brooktyn
Broadway j,
Brooklyn
Coney Isl’dT
3378
dams
67,200
94
♦230
4%
23%
19%
12%
33%
107
*134
16%
*88
*8
*52
104%
1234
33%
39%
88% 88%
80% 8178
106% 106%
34%
*41 *>
*105
93
9
60
12%
117% ♦116% 118
141% 142%
95
94% 94%
35
35
35%
94%
93% 95
42% *4134 42%
32
33
33%
61%
60% 61%
33%
61%
*78
*62
33
*18
*42
153
8
113
38%
101% 1
101% 100% 100%
4734 48%
48% 48%
4714 4778
118% 118% 117% 117% *117% 119%
*9412
34%
93U
*96
35% 36%
13934 13934
19
*4%
22%
♦18%
12%
Express
A»iiuustrihl&
MisceUaooou
Uis-Cbalmers
“‘"500
45
*92
250
19
*3%
$9584 9584
166
$166
2%
*2%
2%
5%
*434
6%
35
*34% 36
35%
*96% 97%
185% 185%
4934 51%
184% 190
49*2 49's
*105
113
*105
140
*88
34
96
167
94
124
*16
*82
59
107
3034
43
71
33*2 *33
*95
96
96
1658, 1653, *165
97
124
18
87
59
107
21
77
65
94
4%
22%
*33
111% 111% 113
115
120% 120*2 $12088 120% *120% 121%
5
5
6
*4%
$5%
5%
*6% 16% *16% 1634
17
17
$13
13
13
13
13
13
56
56
56*2
56
56%
56%
*42
43
*42% 43% *42% 43%
83% 83%
83% 83%
8384 8334
104*4 10484 105 105% 105 105%
*94
96
*94
97
95% 951?
*73% 75
*73*2 75% *73% 75%
*108% 110
110
110
110% 111
*121
16
*82
94
10
76
*240
*100
*42
80
65
65
38%
250
39
*105
5
35
89
82
11§12
3334 343s
♦412
612
13534 13634
$16l4 I6I4
38%
4%
22%
33%
♦134
138
*134
138
♦10
11
10
10
♦30
3034 *29% 30
341*> 35
34% 35
♦IO5I4 106% 106 106
13514 135l2
♦60
13
46%
3212
38%
*44
*100
Range Since January 1
Lowest
100
*8% 10
*3184 34
68% 70%
69%
45%
*100
*235
41
221
*116%
119
10
34
10
934
934
10%
76
75%
76% 7634
77%
54% 55%
54% 5434
54% 54%
115
*111
♦113% 114% 114% 114%
64
64
64
64
64
64%
101
101%
5
*240
*100
47
93
138
11
33
30%
10618
94
3214
61
♦134
♦10
*88
81
141% 14214
3334
94
8812
46
10
2
2
i
*4
$35
10H2
♦116
96
3334
512
33
♦11G34 119
14114 141%
♦94
331*
*39
*8%
[VOL. LXXXXU
2
On basis of 100-share lots
EXCHANGE
Shares
♦245
34
STOCKS
NEW YORK STOCK
Week
Nov. 18
251
6S34
♦4434
70%
3712
*93%
94
10
106
$33
♦8712
7914
7834
106
♦240
100
♦45
117
39%
32
3812
106
♦4
32
251
*100
250
*414
2214
*18%
I2I4
To"
*44
4
2
♦235
*8%
32
69%
8
.
434
22%
19*8
12l8
195s
12%
39
106
5
351
881
♦33
250
22
1984
1218
32%
106
94
♦412
22
♦30
2
Friday
Nov. 17
*250
10
*100
38
*92
3812
♦235
434
♦183s
♦1114
*812
♦30U
6912
4512
Sales ol
the
Thursday
Nov. 16.
.
Ids
934
75% 763g
76%
53% 5312
5334
♦110
11412 ♦111
62
64
62%
$105
105
62
105
250
*414
♦250
♦812 10
♦3014 33%
68l8 69*8
4434 45
37%
Wednesday
Nov. 15.
♦250
31
AND LOWEST SALE PRICES.
Tuesday
Nov. 14.
Record—Concluded—Page
1
170
300
255
130
20J
375
700
510
13 )
125
305
265
140
205
740
520
130
trust Co's
NY Llfe&Tr
N Y Trust.
■Savoy
Standard Tr
ntleGu&Tr
Tr Co of Am
Union Trust
US Mtg& Tr
Unit States.
But
635
60 0
90
400
100
410
500
320
1275
475
1160
vVasUlngton 375
Westchestei x60
Windsor*
120
..
Ask.
?il£8
330
1300
»•--
1190
irust Co's
Brooklyn
Brooklyn 1
Citizens'
Flatbush
Franklin
Hamilton
Home
Kings Co
L 1st L & Tr
Nassau
...
..
._
....
170
People's
x30
Queens
...
Co.
Wtlllamsb'e
oa ttus ^y. ^ Dess than 100 shares, t
Ex-rlghts. b New stock c Ex-dlv anl rights, d Now
auction this week,
s Es- stock
quoted
dividend.
IIBanks marked with a paragraph (11) are State banks.
dollars
But
Ask
415
125
200
425
135
220
210
280
110
270’
103
500
300
170
300
ICO
fa
per
310"
180
315
125
100
share.
New York Stock
Jan. 11909, the Exchange
Exchange—Bond Record, Friday, Weekly and Yearly
method of quoting bonds was changed, and prices
BONDS
m. Y. STOCK EXCHANGE
Week Ending Nov 18
„
U 8
U 3
(7 8
0 8
U 8
Week's
Range or
Last Sale
Price
iridav
Nov 18
Foreign Uovemmeni
Argentine—Internal 5s of 1909
Imperial Japanese Governin'!
1926
Sterling loan 4*s
M-8 % 97«s Sale
4% Corporate Stock
1969
4% Corporate block ....1958
New 4*s
1957
New 4*s
1917
4*% Corporate Stock ..1957
4*% assessmt bonds.... 1917
4% Corporate stock....1957
N Y State—Canal Impt 48.19(30
*21
M-l*
M-N
M-N
M-N
M-N
M-N
M-N
J-J
So Carolina 4*a 20-40
1933 J-J
Tenn new settlement 3s..l913 J-J
Virginia fond debt 2-8s...l99i J-J
6s deferred Brown Bros otts.
ltuilroa.it
laoama Cent
Debentures 4s Series J. 1912
Series K
1913
Bast Okia Div 1st g 4s..1928
Short Line 1st 4s g
195a
8Fe Pres * Ph 1st g 5s. 1942
Att Knox * N bee L * N
Atlantic Coast 1st g 4S.A1P52
Ala Mid 1st gu gold 5s ..1928
Brans* W 1st gu g 4s ..1938
Charles * Sav lat g 7s..1930
J-J
1934 A-O
* G gu g 4s ..1918
104
97*
99*
97*
”90**9 Safe
923* sale
109
107*4
93 >t
Registered
41925
Oou Ohio R 1st o g4 *s.. 1930
d Lor * W eon 1st g 6a 1933
Monon Riv 1st gti g 6s.. 1919
Ohio Bivor RR 1st g 5s. 1930
General gold 6s
1937
Pitta Olev * Toi 1st g Os 1922
Pitts * West 1st g 4s... 1917
Stat isl By 1st gug4*s1943
J-J
M-N
M-N
J-J
43 100
88
.....
96
100
94*
92 >s Sale
123
01*4
110 >a
953b
06
U
85
Sep ’09
92
86*
57
92*
Mar’10
96*«
105* neb’07
112 Deo’09
112
Mov’00
li9* M.ar’04
98* Sep ’00
80
100
1013b
I03*a
100*
86
87*
90
93
97*100*
06
00*
S' S'
89
88 *
103
IU0*Nov’1U
103
95*
iiT" iisT"
J’iy’io
89* Apr'10
103
80
92*
90*
103
109*113*
Not’04
Bkiyn * Moutank bee Long 1
Can
2d So
5s 1st ext Os
1913
116* 116*J’ly’10
105
Jly io
108
98
Aug’10
103
J’ly ’08
116 J’ne’lO
115*118
J-J
1913 M-S
1913 M-S
Garb A Shawu See 111 emit
Carolina cent bee Seab Air JL
Carthage* Ad bee NYC* JR
Oed B faF*N beeBCB*N
Con Branca By beeMoPao
Cent Of Ga BB 1st g 6s..pl045 F-A
Consol gold 5s
1945 M-N
’
Registered.
1945 M-N
lstpref income g 6a....pl945 Got
Stamped
2u pret mcome g 6s....pl945 Oct
2d pief income g 5s stamped
s
3d pret lucome g bs....pi945
3d prof income g 5s stamped.
113*116*
111
107
06
108
M-S
M-N
A-O
J-J
F-A
J-D
J-J
105
06
108*
89*
lid” IT?"
116*116* 116* Sep 'lo
110*110*
103*
32 102*105*
72
73
103* Sale
103*
100*101*101*
Mar’10
72
101*
15
100* May’07
1st consol g os
Registered
General gold 4 *s
72
100* 101*
111*
100*113*
109* Oct ’10
100* 107*106*
00*
80*
01
01
87*
87*
88*
88*
85
80
80
113
91
00
i
103*109
100*
Apr'00
81
Nov’10
88*>
88
87 Oct ’10
85*
85*
33,
3
— *
85*Oot’lOl
82
84
75
75
rs
80
91*
80*
88*
87*
86*
86
Railway
AAn
^
45-year 6s Series A.....1062
M-N
nternat Trao coil tr 4s.. 1049
J-J
leo 1st A ooll 58.1063 M-8
No price FritUy; latest this week.
102*
122*
121 \
sep ’10
1030 M-N
1830 M-N
1002 M-8
M-S
F-A
J-D
J-D
J-J
J :i
General oousoi 1st os.... 1837 M-N
Registered.
....1937 M-N
Chio db iuu C By let os. 1036 J-J
Louiev N A A Oil 1st 0S.191O
Chic Ind A Sou50-yr 4s..1856
Clue Mil «n St p term g 5s 1914
General g 4s series A..«1080
J
•
J
J-J
J-J
J •J
...*1889
B.el968
25-yr deben 4s
1834 J-J
due* LbuDivg5s....1921 J-J
W
duo A Mo RlV Div 6s...1926
Chic A P W 1st g5s.....1021
Dak A Gt So g 6s.
1816
Ear A Sou aasu g 6s
1024
caCrosse A D 1st 6S....1018
Wia A Minn Div g 5s....1821
J•J
MU dti No lat cons Us....1913
Extended 4*8
1913
duods jNorthwcone7s....1815
Extension 4S......1886-1826
J -D
J-D
o-F
F-A
F-A
M-N
G-F
A-O
A-O
A-O
A-O
A-O
A-O
M-N
M-N
Registered.......1880.1826
General gold 3*s
1987
Registered
.*>1987
Sinking fund Us...1870-1920
Registered..
1878-1828
Sinking fund 6s...1878-1929
Registered.......1878-1828
Debenture da....
1921
Registered...
1921
Sinking fund deb 6s.....1033
Registered
....1933
Mil LSdb West 1st g6s 1921
Ext A Imp sfnnd g 6s 1929
Ashland Div 1st g US..1925
Mich Div lstg0s
1924
J-J
J-J
J •J
J-J
J-J
M-8
F-A
M-S
J-J
1911 M-N
duo Rock lsl <& Pac 08—1917 J-J
Registered.
1917 J-J
General gold4s....
1988 J-J
Registered
..1888 J-J
Refunding g 4s
.1934 A-O
Coll trust Series J 4s. ...1912 M-N
M *s
1915 M-N
N 4s
1910 M-N
O 4s
..1917 M-N
P 4s
1918 M-N
Chic HI A Pac RR 4S..2002 M-N
Registered
2002 M N
B1 Ark & Louis 1st 4*81834 M-S
1st g
108* 103*
83
Sale
104
• •••
83*
102
101* Nov’10
07*4 90
97*Oct *10
101* 103* 102* 102*
101*
102* Nov'10
83* 86
82* Nov*l
83 * 86* 86*Nov’l
78
80
78
102* 102* Mar’ll
100*
101* Aug'le
70
81
04* 06*
80* Sale
80
06*
80*
100*100* 100*
103
Sale
•
•••*••
•<*•••
67
83
102*
J’ly’10
05*
103
67*Mar*lo
08 M*y’06
UFlat. oDue Jan
100*104
97* 99
32 99 103
99*103
82* 85
80
86*
....
•••
1
•we*
....
15
80* 283
100*
101*106
70* 87
....
•
76
82
102*102*
100* 102
80
82*
03
77
06*
83*
16 109*104,
35(5 100
103*
67* 67*
....
d Due Apr
•••••*
107
100
••••••
«Due May
00
87*
99*100* 100
103 Sale
112* bale
a 03
112
04 * Salt
08* bale
85* 80
102
81
00
9u
05* 97*
01* 03
101
90
73
03
74*
70
99*
88
88*
'
sale
00*100*
90
no
8 102
18:120
...
JUigh
no
103
125*
120* 126
“
107
109
100* 101*
100
100*
88*
85
88*
100
103*
1 100
101*
dan ‘09
9U* Nov’10
01
Sep ’10
113* t eo’06
05 Oct ’10
74*
94* 00
00* 93
74*
Nov’lo
70
76
oct ’09
90*Nov’lu
06*4
100
105
Low
4 102
105*
112* 23 110*114*
112* Jan ’1
112*112*
*39 99 103*
101*
102
101* J’ne’lO
101* 1017,
84
94* 400 80
05*
2
87
88*
t8v
89
83
85*
80*
88*
104
104* Sep lu
104*
101 * Sale
1U0
88
88*
88
Sep *10
87*
70
05
77
68*
75
08* 100
86* 8J*
87* 88
99* 100*
108* Oct ’09.
98* 101
09* Nov’10
08*100
90
99*
101 * Mar’00
97
98
07* May* >0
100*
07* 09
101* Sale 100*
97
87* 07
101*
07*
100*102*
100‘s
100*
100*102
81
86*
100*
84
.....
Sale
84
123*127* 121
97
84
J’ly’10
121
no* no* 110* Nov io
114 May’o9
110 Oct’lb
100*
85* Sale
124*
107*
85*
....._
125
: 114
110
127
84
112
87*
124* 12b*
ibo“ ioo*
92* 04
103*
103
53 98
103* Oct'08
88*
88* 88
93
02*
93
8 /*
100
108*113
85*|
O0t’l(T
Dec'us
100 J’neiu
92 * Oct 'lo
92
102 * 1U2* 103
J’ne’lO
98* sale
08*
09*
100*
20 86* 89
0, 01* 03*
107* Mario
107* 108
108* Oct’10
107
110*
20 ,106* 108s*
lou*
iu7
103* Oct ’lo
'102* 108*
110* May’10
I16* 116*
104 Hi 106
104*
105* .Nov’10
loo*...... 105* Aug’ 10
105* 108
103*...... 103* Aug'lu
103* 105*
100*100*
no* 111 * i n * Nov’io ...'110*113
02*
lOO*
107*.....
100* Sait.
102* 104*
.....
90
sale
.100
87*
00
00
00
96*101
2
95* J’ly’10
88
83*
05* 05*
87
11
00
03* Apr’00
ill*.,.... 110* Sep’lo
110
......' 1L
105*
103*
*102
A05
1100* NOV’10
....
Mar’lo
....
100
107*105*
106
....
l * N ov’09
1O6*
110* Hi*
106
106
8 105
109*
106
107
1IU6* Feb’iu ....! 106* 106*
Sep’10 ....100 111*
100
J’iy’08
1II6
116
6 114*117*
'iu9 Nov’10
..100
112*
142 * Ft b’02
5 lib* 11
>118* 118*
'100
116
sale
108*
117
118*
Sale
100*
103* May’00
110*
110*
100*.
100
100
07* 97*
8b* sale
Aug’10
97
07 *
98* Feb’io
88*
80*
97* J’ly’10
94* dan *10
••••••
94
1 109*11
109 10
....
7
95
Sain
03 *
i
....’I
36,
....'!
....
Deo ’00
94* May’ lo
74
94* 9
08* 0
80
0
97* 0
! 94* 0
94*
94*
Aug’O0
73*
234 60* 83*
74
76* May’iu
76*4 80*
05
Oct ’10
I 93
06
113* 113*
1 111*114*
l20*Mai’03
106*4 106
105* Oct’10
....
04
^s.1921
103*
100
107
100
......
....
....
May’iu
108* 108*Oct’10
103
101
Feb’io
104
123* 125
80
125* Oct ’10
....
....
....
104 104
108 110
103*104
123
127*
03
uec’03
78
48
102
06
Nov’10
74* 82*
Oct ’10
102
46
Next Page.
Street Railway
Met St By gen eel tr g 5s. 1997
Ref g 4s
,...2002
Sway* 7th Av lstog6s 1043
col A 9th AV 1st gu g 58.1003
LexAv*PFlstgug6sl093
Third Ave BB eongu4s 2000
Cent Tr Co certfs stmpd...
Third Ave By 1st g 6s.. 1987
N Ori Ry A Lt gen 4*s ..1935
St Jos ByLtH A P lstg 6s *87
-*i Paul City Cab con g 6a. 1987
Tri-City By A Lt 1st S f 58.1923
F-A
A-O
J-D
M-S
M-S
J-J
•
•••
J-J
J-J
M-N
J-J
A-O
underground ot Lon 6s...l92o M-N
4*8....
.....1033 J-J
Income 6s
..1048
Union El (Chio) 1st g 6s.. 1946 A-O
United Bya St L 1st g 4a.l084 J-J
United BBs San Frs f 48.1027 A-O
gDne.f’ne
January i
100* Nov’10
100 May’10
97*
100
GRIP A N W let gu
A-O
M A St L 1st gu g 7s.. 19271J*D
Choc Ok A G gen g 5s .ol910 J -J
Consol gold os
1952 M-N
Eeokdb lies M 1st 5s....1823'A-O
Jhic at u a N O see ill Ceut
Jhio st l a Pitts See Penn Col
JhiO St P M A O COB 0S...183O J-D
Cons 6s reduced to 3 *s.l830 j-D
on
109
108
100*
6S.1034! A-O
Registered...........1934! A-O
85
A-O
102*
122*
121*
J-J
M-S
M-N
A-O
J-J
J-J
F-A
J-J
J-J
Ills Div 4s
1940 J-J
iowa Div sink fund 6s..1818 A-O
Sinking fond 4s
1818 A-O
Nebraska Extension 4s. 1927 M-N
.1927 M-N
Registered....
Soutuwestern Div 4s.... 1821 M-8
Joint bonds See Great North
Debenture 5s...
1913 M-N
General 4s
1838 MS
Hau A St J os consol 6s..1911 M-S
Chic A E 111 ret Us imp g 4s 1955 J-J
1st oohsoi g 0s.
.1834 A-O
Bur O R t*5
OCt"
1st refund conv g 4s....2002 J-J
J-J
BkCity 1st con 6s.1016.1941
1041
HIT i 1 fVl JOm M
M-N
F-A
F-A
F-A
F-A
Nassau Elec gu g 4s....1051 J-J
Donn By A L lat & ref g 4 *s ’51 J-J
Stamped guar 4*s
1951 J-J
Det United 1st con g 4*8.1032 J-J
Havana Elec consol g 6s, 1952 F-A
Inter-Met coll 4 *s
1956 A-O
inter Bap T 3-yr conv 6s. 1911 M-N
102*107
122* 123
12 i*
dies A Ohio golu 6s
al011 A-O
Gen funding & impt5s.l020 J-J
lUlSOELLANEO 1)8 BONDS—-Continued
Street
M-N
Line
incomes
Registered
.
bee Atl Coast
General g 3 *s senes
Beech Creek beeNYC*M
Bellev* Car bee Illinois Cent
Brans* West bee Att Coast L
Buffalo N Y * Erie bee Erie
BuhAlo R * P gen g 6s...1937
Consol 4*s
1957
All * West 1st g 4s gu..l993
01 * Mali 1st gu g 6s....1943
Booh* Pitts 1st g Os...1921
Oonsol.lst g 6a
1922
Bull * Susa 1st ret g 4s.dl951
Bur O B* N bee OB I* P
sav
Registered
02*
92* 80
01* Oct ’00
98* 64
sale
08
99*4 86* J’ly ’10
120 Oct ’01
83
87* OCt ’10
Sale
01* 10
01*
Sale
90*
90V 6
112
A-O
F-A
J-D
A-O
A-O
J-J
J-D
122*
104*
107*109*
92*9
01*4
90*4
88*
08V
N ov’05
Jan ’1
104* 122*
08* 98* Chicago A Erie See Erie
98* 93*a Clue Gt Western 1st 4s...1959 M-8
07
97* Cuiu in & jjoiusv rei os...1947 J -a
13 82
84*
Refunding gold5s
1947 J-J
127* J’ne’OO
112 Mar*10
....
111*
87*4
04*
117
06* J’ne’09
128
08*4
100
05
02
29
98* Jan’10
98*8'eb’10
97 Apr’10
02*4
93*
107* J’ly *10
05 >s
41948 A-O
Pitts Juno 1st gold 6s... 1922
P Jun* M Div 1st g 3*»1926
PLEA W VaSysref 4sl941
Southw Div 1st g3>as...l925
83*
97*101
1063b Sale 106* 107*
103
102*i 103
Nov’10
108 * 1083* 108*
108*
J-J
41948 <J-J
Registered
74
98* 62
98 J’ne’lO
88
90*
80* 10 88
92 Jah'10
82
00*
90*| *5 88
20
107
107
105
00 *« Sale
Atlantic * Danv bee South By
Austin* NW bee Sou Pacific
II alt* Ohio prior i g3 *8.1025 J-J
D Registered
41925 <4*J
.................
Nov’10
115
110
(Jims A
the b aeu of $5 to &.
88*
*07* 93S
J-J
M-N
L* N coll g 4s.
ol952
Sav F * W 1st gold Os..1934 A-O
lit gold 6s
79
107
85* CentVermont 1st ga g 4s.el02O Q-F
,
79
98 <4 Sale
103*
103*
S-J
Since
© O
Migh No
00* Sep '09
104* Jne 08
J-J
J-J
J-J
J-J
Range
1-3
A8/C Low
80
82*
......
77
Bia
Week's
or
Last sale
Range
J-D
•
100*8 Sale 100* 100* 284 100 101*
0874 Sale
99* 109 96 100*
08*»
08 >4 98* 90
88* 15 96* 100*
1063* Sale 106* 107* 21 105*109*
.
Potts Creek Br 1st 4s.. 1046
102*4 103 Oct *10
102* 103*
R A A DIV 1st OOU g 40. .1980
106*9 Sale 106
1073, 35 105* 110
102
2d consol g4s.....
102
1980
102* Oct ’10
103*
Warm spr Vai 1st g 5s..1941
98>4 98* 80*
98* *4 96* 100*
Greenbrier Ry 1st gag 4s ’40
104* 104’8 104*Nov’lo
101* 105*
104
103*J’ly*10
103*103* Ohio A Ait RR ref g 3S...1049
86 Oct ’10
06* 97
Railway 1st Iien3*s...l850
84* 86
87
88
87
87
87
Registered..
....I860
90*
Ohio Bari A w—Deny D 4s 1022
40
41
41 Oct ’10
40
60
Illinois Div 3*s
1940
Registered
..1949
M-S
J-J
M-S
M-N
A1087
Registered
1992
Convertible 4*s
1030
mg tsanuy 1st 4s
1044
Coal Riv Ry 1st gu 4s ..1045
Craig Valley istg 5s....1040
F-A
F-A
M-
Cent of Ga RR—( vonj
Uhatt Div pur mon g 48.1951
Mao <& Nor Div 1st g 6S.1840
Mid Ga A AU Div 5s
.1047
Mobile DIV 1st g 6a
1040
Cen KR<& BotGaooigds 1037
Centoi N J gen’igold 6s. 1987
Registered
A1995
g 4s
CofcV 4* (issue of 1910). 1960 J-D
10-year conv g 5s
.1917 J-l»
Bold 48
o n
Price
Sriaau
Nov 18
N. Y. STOCK EXCHANGE
Week Ending Nov 18
96*
97*
Coast Line
Nov
Registered
A1995 Nov
...A1995 M-N
Stamped
Conv4s issue of 1909...1955 J-D
Conrads
.1956 J-D
Sil 8p Oca
ices
are pr
95*
•«
BONDS
Am Dock A imp gu 6a..l021
J
Le A Hod B gengug5s 1020 J-J
Leh A Wilks B Coal 5S..1912 M-N
Con ext guar 4*s....gl01O Q-M
N Y A Long Br gen g 4s 1041 M-S
Cent Pacific
see so Pacific Co
ties So By
Mon bee At
Albany A Susa bee Dei* Huu
Allegheny Valley beePeunK li
Alleg* West bee Butt 11 * 1'
Ann Arbor 1st g 4s
A1906 (J-J
Atoll T* 8 Fe—Geug 48.1995 A-O
Registered.
1995 A-O
Adjustment
January 1
943b 27 04
4
93*
94
4 88*
88*
5 101*
102
97 V 22 H195
2 00*
97
1
96*
04*
04
ll heee
18
07*
87*
FA
1925 J-J
State and City Securities
N Y City—4*s
I960
A
Since
Aek Love
High No Low High
1003* Oct '10
109*4 101
100* 101*
1003* J’ne’lO
109*4 101
100* lOc*
1013* 1023s 101*4 1013*
101*4 102*4
1013*
1013* 102 Hi 101*4
101*103
10U* JTy’10
102*102*
115
116*4 115* Oct’10
114* 116*
116
116*9 IWjNot'IO
114* 115*
100 >&
100* Aug’10
100*100*
04
943| Bole
04* 93*
88*
Sale
83*
J-J
Sterling loan 4s
1931
Bepub ol Cuba 5s exten debt.. M-S 11013* 102 101*
0?* Sale
97*4
8an Paolo (Brazil) trust 5s 1919 J-J
06* 97
U 8 ot Mexico s l g 5s of 1899
04
06* 96*
Gold 4s Of 1904
1954
Alalia
55
Bui
t. a. iJiovtsrutiieiH
2a consol registered.ctl930
2s consol coupon....<(1030
8s registered
£1918
3e ooupon
£1918
3s oou small bonds../cl918
(7 8 4s registered..*
1925
0 8 4s ooupon
1925
08 Pan Can 10-30 yr 2s.fcl»36
2d senes 4*s
Range
all—"and interest" — except for income and defaulted bonds.
are now
'O
A Due J ’ly
kDua Aug
75* 78
102
Safe
64
08*102*
06
102
J’ly’10
08* Nov’10
06* 99
61* Oct’10
67* 60*
178 56
CO*
62
68*
60* 62
8 106*108*
107
108
107
107
86* 84* Oct *10
84* 87
08* 98 Nov’08
i 07* Deo’09
108
104
08*
06
99
00* 0** 98 Hi
95
00* 98 Apr*(>9
80
85
83
89
88*
88*
88*
7 81* 40
37*
87*
37* Sale
98*100
97
.*••••
*•••*
84
<)ct '08
bl*
80
67*
66* Nov’10
Ang’lO
•••••«
60
oDueOct
66
pDue^ov iOption Sale
1373
New York Bond
BONDS
h
N. T. 8TOCK EXCHANGE
Week Endino NOV 18
Prioe
WeetPe
Friday
Nov 7 8
Range or
Last Sale
Record—Continued—Page
,T
Range
BONDS
Since
N. Y. STOCK EXCHANGE
WggK fiHUINa JN’OV 1,8
January 1
-n
iS-£
,
Price
Pri/iav
Nov 18
.
Ohio St P M A O—{Con)
Hui
Aek Loot
High Mo Low High
Ch St P A Minn 1stg 6s 1918 M-N 122% 12634 123 J’ly no
123
127
Nor Wisconsin 1st8s..-1930 J-J 122B0 127 4 129% May '09
St P A S City 1st g 6s...1919 A-0 112
112 U Novno
ills i’14%
Ohio A West Ind gong 6s ol932 Q-M 109 *3 111
108*3 J’ly no
108*3112
Consol 60-year 4s
91
91 Hj
88
1962 J- J
9134 91*a
■'
93>s
due A W Mich see Pere Marq
Choc O A Gulf See CRI&P
Oin U A 1> 2d gold 4%s...l937 J-J
Oot ’00
113
Cin i) A 1 1st gn g &S...1941 M-N 105
101
105% 106 Oct r10
108
C Find A Ft W Istgu 4s g.*23 M-N
Cin I A W 1st gu k 4S.1953 J-J
!»s % ””i 8*6*4 Oct’lO
85** *87 it
Ind Dec A W 1st g 6s
104
102
10 L34 107
1935 J - J 102
8ep ’10
1st guar gold 6s
..1936 J-J
107*3 Deo’02
01 St LAO See C C C A St L
Oin SAC See C C C St L
Oleariield A Mah See BRAP
Oley Oin C A St L gen g 4s 1993
94% 96 *3 95
P5*a
90*3 96*3
Cairo Div 1st gold 4S....1939
94 % 94*3 Aug’OU
Cin W A M Div 1st g 48.1991
92
91
90
Sep’10
94*3
St L Div 1st col tr g 4s..1990
92*4 94
93Hi
9234
89*4 W634
♦92
Oct ’07
91
Registered
....1990
100% 96 Dec’09
Spr A Col Div 1st g 48..1940
W W Val Div 1stg4s... 1940
y:M* 90% 90 May’10
90
90
0 X St L A O consol Os.. 1920
105*4
105 *4 105*4
105*4 Feb’10
1st gold 4s...
94*4 #7 % 97% Oct ’1U
£1936
96*3 98Hj
96
96
96
Amg’10
Registered
£1930
98
106
Cin S A Cl eon 1st g 5s.. 1928
108
Oot’lG
108
108
C O C A 1 consol 7s
IU6%
1914
109*4 Dec’09
Consol sink fund 7s....1914
126
125 Hi 119
General consol gold Os. 1934
110
Aug’to
119
.1934
Registered
ind Bi A W 1st prel 48.1940
*94" j*’iy*’08
O Ind A W 1st pi &s...t(1938
89 >4 92
PeoA Last 1st con 4s...1940
90
90
89
94H»
6u
Income 4s..
Sale
60
..1990
63
5034
67
Clev A Marietta See Penn RR
Olev A Pitts See Penn Co
70
Col Midland 1st g 4s
70 Hi 70*3 Nov’10
..1947
65
81%
Colorado A Son 1st g 4s...1929
9434 95% 96
95% 11 93
97%
97
Refund A ext 4^8 ......1935
Sale
97
97*3 68 94*s 99
Ft W A Den C 1st g 6S..1921
112*4
113*4 oct no
111*3114
Colam A Greeny See So Ry
Col A Hock Val See Hook Val
ColAToi See Hock Vai
Ool Conn A Term See MAW
Conn A Pas Rivs 1st g 4s.1943 A-O
Cuba RR 1st 60-yr & g....l952 J • J
100 May’10
100
100
—
Rid
-
ErlelPltti See Penn Co
Byana
A T H 1st cons 6S.1921
1st
general gold 6Si.....l942
....
9
L'argo A So See Ch M A St P
r lint A Pere M
See Pere Mar
Fla C A Benin See Sea Air Line
0 6Co 1stg4*38.1941
Ft W A
Rip Gr 1st g 4s...1928
4 'al Har A 8 A
SssSoPacCo
' ■ ai H A H
of 18821st 68.1913
Georgia A Ala See Sea A Line
Ga Car A Nor See sea A Line
Georgia Pacific See So Ry
Glia V G A Nor See So Pao Co
Gouv A Uswegat SeeN YCent
»rand Rap A Ind See Penn RR
Gray’s Pt Term See St L S W
Gt Nor—C BA Q coll tr4s
1921
....
....
I ink A Gt So
*
-
Registered
86
....
98*3 99
:
F-A
85
117
120
118
94*4 95
Oct *10
120
149 -
Oct’lO
Aug’01
-
84*4.
94
89
72
91
75
87*4
94*s
83
86
107 *3
107*3...
108*3 Oct *10
108*3 108*s
11834 119%
100*4
:
120
120
100 J’ne’10
104 *4 Oct’10
103
Mar’lo
118*4 122*&
106*4 Ja** ’10
106*4 106*4
Oot *10
103
99
101*3
106*8
Oct’lO
iMuv’oy
88
Dec’08
l23%Nov’10
Apr‘10 ....1114
99%Nov’10
99%
ioo h* oct no1;....'I 99
100*4 Deo ’06'.
89
I 89
J’ne’io!.
103*3 oct no
108
ib”% MarnoC
GasgSs,^..49vs
66
100
9*4
100
106
100%
,98
M-N
102
A-Q
JESSSfes#1
It
J-J
M-K
J-D
♦
No prioe Fridain latest bid
a
07,
93
,
108*3
iTi*# iVe**
112
J125
87
93
92
♦
101
Oct ’10
*87 *a
*99***'
♦96
96*9
99
96
97
99
J’ne’09
97*a
97 *s
97 *a
Nov’10
,
97*3
90
102
”11” **79*
*87*9 90*
103
Sale
15*4
1U5
>Uaided gold 4s ..*......*1949!M-8
Debenture gold 6s......*19341 J-D
-T-—-—r--—-rj;—• rr
BON 08—Continued
on
.
i■1 s»
»•" '■
♦97*%
96
96
Feb’10
88%
Nov’OO....
Oct ’10
...J
110
103
89
*96** *9*8!*
117%117%
96% 99
114%119
Oct’lO
Mar* 10
118
118
97% 97%
May’10
96
98
107
107
110%
May’10 ..i"lU6% 112
103
17:108 112%
!
16 % Oct'10
16
105>« 105% 105%
73
Sale
i00%
77%
96
......
99
88%
i 107
102*4
92
87%
118
90
Oct ’09
97 % Mar’10
98
J’ly’08
95
106%
90
-.1 77%
119*s 116
106^108
104
99%
97% 100%
117% May’10
96 *4 Oot ’10
88
95*4
77*4 Mar’lo
79*4 Dec’08
100
95
115
95
96
99
96
96
loo
Apr’09
97 *4 May* 10
123 Aiuy’99
89
96*9-....
94
112
112
947s
99 7a 104
101% Oct ’99
••••♦
87
73*4
U
87
104
J’ne’10
107*% Ap: '07
9034
9034
94
Sep'09
93 *3 May'09
»u
J'iy’09
99% Noy’10
87*i
A-O
1922 M-S
1932 J-D
:: jjivb** ii‘3%
100*3 »ep ’08
95 *3 May’10
99*4 teu’09
95
114%
129
!i
100*91023& 102*4 Nov’10
94
Q-J
!j **9*J34 ”9*94
NovlO
136*4 'i»y’O0
112*4 Nov’10
116 J’ne’ob
8
47
i
86
102% 106%
70
Oct *10
94
94%
21
69
94
73*% 78% Noy’10
•1
71% 74
63
100
101
98
98
107
106
103% 105
107
98
113
1*1*3” il3%
99% 108
98
98
98
108% 112%
106 % 107 %
.108% 112
_
Nov’10
Ang’09
106% 108%
98
96% 98
112% 116%
Nov’10
109% Oot ’99
108
Noy’U9
106%
93%
93% Mar’10
1*02**
98%
95
io£% ib*i%
101% Feb’10
101% Sep ’09
100
77%
94*4
out '00
108^110*4 110% Nov’10
107
106%Mar’10
loo
Mar’10
106*4 HI
Kerry gold4*98
,—
.113
127
89
J-D
A-O
99a4 Jan >lo
114*3 Keo 1.0
J-J
Lake
Erie5s
A W 1st g 5a..l937
2d gold
1941 J-J
Gold4a
1
*
io5% riba’* 1"
101
a...
100% 103
113) 116
86% Sab,
......
105
60% Sep’10
60%
Ibo!,’ ’job* *”i
96% Sep’08
J-D
F-A
112*8
126*4
100 *4 oot »U6
ill
112% Nov’10
110% 112%
96
100
91% 95% 94 Oot’10
bT* "9*7%
97% 99% 97 % Nov’10 ...J 97
100%
....
...
91
94
99% OCt
’06]....!
93%Mar’loL
93%
96
*•«•••
ewiee*
96
104*4 Deo’08‘.
""
Neat Rage.
"
Mm* ,d»d Electric Ught
.....
106% Sale
d-S
i03**3
ioi% iox *3
Oot’091.
-■
J-J
_
94*4 97%
94*4 967§
.j(i*03*% lOlK
jj ”9*7*4 i*o*64
lus-^ J’ne’oO
97 H» Nov 10
*95*4 iirm
87
93 100
125 % 128*4
Apr’09
1U63* Oct ’10
97*9
M-S
,
88*4 92
132
••••••
102H
84
211
96
ibo” ib’i*
Leh A Wllkesb Em Cent of N J
Leroy A Caney Val See Mo P
uooet Dock
see Erie
Long Isi'd—lstoon g 6a.A1931
1st oonsoi gold 4S......A1931
General gold 4s
...1938
104H*
.
MISOEUANEODS
102,
114
103 *3 Oct *09
Om and Electric Light
Atlanta G L Co 1stg 6s...l947 J-D
Bkiyn U Gas 1st oon g 6s. 1946 M-N
BuftaloGaS 1st) g6s..t....1947, A-O
Columbus Gas 1st g,6s..M1932 J-J
M-S
J-D
767. Lehigh Vai (Pa) cons g 48.2003'M-N
Leh V Ter Ry 1st gu g 5s.
19411 A-O
6 83*3 87*3
Registered......
*...1941 A-O
83
37i 64
Leh V Coal Co 1st gu g 6S.1933 J-J
22 66
73*3 Leh ANY 1st guar g 4S..1945 M-S
1137. US7.
Registered
1946 M-S
,...1110 115
El C A M 1st pf 6s .....1914' A-O
Gold guar 6s......
1914 A-O
....! 120 127
Leh A Hud R See Cent of N J
76
70*4
1137BMar’io
Lll% Nov’10
114
.
North Ohio 1st gn g 5s.. 1945' A-O
L Sho A Mich S See N Y Cent!
Leh Val N Y 1st gu g 4 His.1940 J • J
registered
1940 J - J
67
3
74*.
il4
,
J-J
Keok A Des Mo See C R IAP
Knoxville A Ohio See So Ry
103*8
99*4
118
118
8U34 87*s
69Ht
121
,
IdD.
85% Nov’10
87
100
lOU
74% ' 7*%
85%Feb’uv
-•••
M-S
M*N
9534
High
1 101
95 H< Nov lO
99
Sep’10
impt 5s Apr 1950
O
Kansas City Term! 1st 4s I960 J J
aee
LAN
Kentucky cent
Ref A
104*4 106%
99*4 Feb’io
81
SOU 1st gu g 4a
1931
Ind Bi A west SeeOOV A St L
ind Hi A la 1st g 4s......I960
int A Great Nor 1st
g 6s.. 1919
Trust Co certfs
Sd gold 4s
.....1921
94
97% Iowa Central 1st gold 6S..1938
88
91
Gold 4s...
1951
72
74
James V A dear 1st 4s... 1959
106
111
See
m a
1* sAdjUfl
Avan A Mich See Tol A O U
KUFtSAM See St L A S F
KC AM RA B See St L A 8 F
106*8 107*4 Ean C A Paoiilo See MEAT
Kan City Sou 1st gold
3s..l960
Registered...
.......
.i960
106*a 10934
bo
J’ly’09
i06S 109 ’
1961 J-D
2dgold 5s................1909 M-S
108*4 Oct no
106‘aM.ar‘oo
83*4
97
1: Mernph
Div 1st g4s...l951 J*D
St L
Nov’10
Oct’lO
!!"!! iie % 118
3*9^.
99
Low
125*4 1273< 126% J’ly' iO
••••••
western Lines 1st g 4s.. 1961 V-A
Beilev A Car 1st 6s
1923! J-D
Garb A Shaw 1st g 4s...1932 M-8
Chio St L A N O g 5s...1961 J*D
Registered.
1961 J-D
Gold
94*3
108*3110
I03*s
100*3
103*3...
Registered
Soring Div 1stg 3H»a...l951 J-J
105
90*3
1961 J*J
1951 J-J
..1961 J-J
Gold 3*98
92% 97*4
103% 104*s
Sep ’04
Sep *lo
110
94
91
74
.....
Registered........
Aug’10
Sep ’10
’*98*i ibo”
1999 J-J
Divreg5s....r!.1921
January 1
High No
92
84
Range
Since
1*$
87
96 7« Sale
in.-lUiS^-O
1965 F-A
Houst RAW Tex see So Pac
House A Tex Cen See So Pao
Co
I llinois Central 1st
g 4s..1951 J-J
A
Registered.....
..1951 J-J
1st gold 3*38
1951 J-J
Registered
1951 J-J
Extended 1st g 3 His
1951 A-O
1st gold 3s sterling
1961 M-S
Coll Trust gold 48
1962 A-O
Registered
1952 A-O
1st ref 4s
1965 M-N
L N O A Tex gold 48 ...1963’M'N
Registered
....1963 M-N
Cairo Bridge gold4s....1950 J-D
liomavDivATerm g3 His.1953 J * J
Middle
F-A
Omaha Div 1st g 3s
1961 B-A
St Locus DivA term
g 38.1961 J ■ J
123% 130%
Jan'02
97
^Regia #5,000 eaoh...l943 M-N
Detroit city
Registered....
Uoi A H V 1st ext
g
Col A Tol 1st ex 4s
1 100
103
46 96*3 100*3
43
91
97*3
100
95*4
See ChesAO
Golf AS list ret A tg 5s 61952 J-J
II an A St Jo See C B A
<4
A J ousatonio See
N Y N H A H.
Hock Val 1st oonsoi
g 4 *98.1999 J-J
1*2*6** i*2*0%
9*6 *a ibT*
84% Oct’10
,
*
'
118=3
106
110*3
97* 101
9434
A-O
Greenbrier Ry
113
99% 103% 104*3 Mar’10
100 101% 101
101*4
90
92
90*s - 91%
98
Feb’Od
1117.1 *79* 78 Dec’09
Mar*08
85
90
90
91*4
Registered
1990 J-J
84*4
1st oonsoi gen lien g 4sl990 J - J
74% 75
Registered
1990 J-J
Penn coll tr g 4s......1951 F-A
87
Sale
76
50-year conv 4 > A ....1963 A-O
Sale
7o
r» do
Series B.1963 A-O
Sale
JBuffbi YA fine 1st7s.. 1910 J-D 109
113
ClDe A fine 1st gold 6s..1982 M-N 111% 112
Clev A Mahon Vai g 6s. 193a J-J 112
Long Dock oonsoi g 6aM1935 A-O 122% 124*3
Coal A HR 1st cor gu 6a.l922 M-N 104 109*3
Dock A imp 1st our 6S..1913 J - J
lV0% ......
N 7 A Green l gu g 6s.1940 M-N
99*4105
N Y Sus A W 1st ref 68.1937 J-J
101
lolHi
2d gold 4*38
1937 F-A *...... 100 Ht
General gold 6&........1940 F-A
87*s
Terminal 1stgold 6s...1943 M-N 107*s
*▼ A Ind lstoon gug6S..1926 J-J
106
99
86
J J
Registered./!—
19*1
St Paul M A Man
4s....1933
1st oonsoi gold 6s
1933 J-J
Registered....
..1933 J-J
Reduoed to gold 4 His 1933 J-J
Registered
....1933 J-J
Mont ext 1st gold 4s..1937
Registered
......1937
E MmnNorDivlst
g 4sl948 A-O
Minn Union 1st g 6s.. 1922 J-J
Mont C 1st
1937 J-J
Registered.
1937 J-J
1st guar gold
6s...*.1937 J-J
Will AS Fist gold 5s 1938 J-D
§5
or
Last Sale
115
Deo’09
101H; 101*3
101*4
114
Apr’05
95
J’ne’08
J-J
J-J
gugtk...
108*3 111%
111*. 114*8
98
98% 98*3
100% 102 101*3 lOl *3
98** 99
99
98*4,
93*9 Sale
93*
08*4
122*4
123*3 869 no
4s prior..1990 J-J
Ea 1st gug 6s. 1942 J-D
J’ue’05
99*«
102*3 Feb ’03
....
♦
J-D
J•J
M-N
A-O
Sens A Saratoga 1st 7 s. 1921 M-N
Del Riv RR Bridge See Pa RR
Deny A R Gr 1st con g 48.1936 J-J
Consol gold 4*98.
1930 J-J
Improvement gold 6s...1928 J-D
1st A refunding &S......1965 F-A
fiUo Gr Juno 1st gu g 6s.1939 J -D
Rio Sr So 1st gold is. ..1940 J • J
Guaranteed....
1940 J-J
RioGr West 1stg48....1939 J-J
Mgeandcoi trust 4sA.1949 A-O
Utah Cent 1st gug 4s al917 A-O
DesMoiAFtD See M A st L
Des Mol Un By 1st g 6S..1917 M-N
Det A Mack 1st lien g 4s.1996 J-D
Gold 48...........*...*...1996 J-D
Det So—O S DIV 1st g 48.1941 M-S
Dal A Iron Range 1st 6S..1937 A-O
Begistered...............l987 A-O
2d 6s.........
....1916 J-J
Dul Short Line Set Nor Pao
Dal So Shore A AU g 6s..1937 J-J
-Hast of Minn SeebtPMAM
Clast Ten Va A Ga See So Ry
Elgin Jol A East 1st g 68.1941 M-N
ElmCortANo See Leh AN Y
Brie 1st consol gold 7s....l920 M-S
NY A Kne 1st ext g 4s 1947 M-N
2d ext gold 6s..........1919 M-S
3d ext gold 4 >38........1923 M-S
4th ext gold 6s.........1920 A-O
5th ext gold 4s
1928 J -D
N Y L E AW 1st g fd 78.1920 M-S
Wilk A
127
94
94
Sep *oy
110's 120% 118% Nov’10
107
1916
.... 1922
1st Aref 4s ........
1943
▲lb A Susoonv 3%s
..1946
Erie lstoon g
io8H» oct no
111*4 Nov’10
Ill
M-S
1917 M-S
iO-yr conv deb 4s.
1st lien equip g 4 %s
108H,
M-N
J-D
J-D
J -D
J-J
F-A
M-N
to
!
u
Week't
Range
Aek Low
110
101
j:E
See C M A St P
U alias A Waco See M K A T
Del Laok A Western—
Morris A Essex 1st 7s...1914
lstoonsol guar 7s
1916
Registered...
1915
1st ref gu g S %s
2000
N Y Laok AW 1st 6a...l921
Construction 6s.......1923
Tern A improve 4s....1923
Warren-let ref gug 3%s.2000
Del A Hud 1st Pa Div 7s. 1917
J-J
Mt Vernon 1st gold 6s.. 1923
Sufi Co Branch 1st g 6s. 1930 A-O
„
[Vol. LXXXXI.
2
105 Oct’lO
61% Dot *01
100 Oet’Oi’
102
Sep
97 Mar’ll
101 Aug* 10
•
and asked this week.
----.
lol %
97
00
**i
86%
,
i
u
....
H>7%
67
;
101 *1
*.oi% 1*0*5%
-
lif Oct'10
86%
102% 104 102% 102 *>i
1(11 Sale 100% ,101%
89
92% 94 Apt’li
•••
100
......
......
103%;
97
101
110% 116
86% 90
100 *310 5
99
101 %
91
92%
N Y G EL H A Y g 6a...l94S J-D
Purchase monejvg 4s...1949 F-A
Ed ^£1 Ill 1st COOSg 5S..1995 J-J
N YAQEi LAP lstoon g 6sl93u F-A
N Y A Rich GAO 1st g os. 1921 M-N
Pacific G A fileoCoCalG Afi
Dae Jan
6 Dus Keb
Sale 102,
102%
84% Sale
84%
84%
110% III
110% Oot *10
..l.;. 100% 100% Mar’io
97% J’ly’09
91*
J-J
J-D
102,
Ch G-L A Ukelst gug 6s 1937
Con G CO of Cb 1st gug 6s.’86
Ind Nat GaaAOil80-yr5a ’8b
Mu Fuel Gas 1st gages.
COS. 19
Philadelphia C5 eonv 6s ..1919
Syracuse Lighting 1st g 6sJ6l
Trenton G A El 1st g 6a..1949
Union Elec LAP lstgfis.1932
.
_
M-NJ
Ji-N
f-a1
J-D
8-k
M-RI
d Due
Apr. «Das M#y
A Das J’ly.
23
13
99% 103%
87
80
HO 111%
100% 101%
»•••! »»••••
•••♦♦a
i:
M-N
corp unifying A ref 6a
Peo eras A L 1st eon g 68.1943 A-U
Refunding gold 6A....4...1947 IM-S
Westchester Light’g g 5s.l96v J-D
a
102.
...
UK)**
.w....
100
99
98
92% Nov’10
% i 16% Ang’10
92%
10
Oot ’10
104% 104- Oot *10
102
,
102
101% Oot *10
90
94% 404*09
100% 101 Mat’lo.
-
.
99
98
102
....
••
91
.......
Mav’Oo
93
Oot *40
102% Noy’10
lo2%
k Dae Ang
110
>*99%
Ang’lfl
q
Das Deo
e
Lvir** •••—
fiol 101
99
.
93
116% 119
101%10A
02% 104%
100% 102
98
106
100
93
s w
.
llOO, 103%
Option Halo
J
fV* fr
Nov. 19
New York Bond
i9io.]
ys
BONDS
«*
0
N. T. STOCK EXCHANGE
Wbkk Ending Nov 18
Long Island—{Con)
♦
1st 6s
g
...1911 M-S
6s 193b A-O
NY* KB 1st g 6s
1927
Nor Sh B 1st oon g gu5s ol932
Louisiana * Ark 1st g 6s. 1927
Lomav * Nashv gen g 6s. 1930
Gold 6s
1937
Unified gold 4s
1940
Registered
1940
Sink fund gold 6s
1910
Coll trust gold 6s
1931
EH* Nash 1st g 6s....1919
L Cln * Lex gold 4 ‘as. ..1931
N O * M 1st gold 6s....1930
N O * M 2d gold 6a
1930
Pensacola Div gold 6s...1920
St L Div 1st gold 6s
1921
2d gold 3s
...1980
Atl Knox * Cm div 4s.. 1955
Atl Knox* Nor lstgdsl940
Hender Bdge 1st s f g 6s. 1931
1U3
101
10 L
M-S
......
97
Sale
98%
108
111
106
,1st consol 4s.............1961
j-j
j-j
j-j
A-O
J-J
AO
Ul% 115
104%
106
103
124
126%
118% 118%
106% 110%
113
114
94%
97%
102
105 %
89% 92
106% 112%
97%
00%
Sale
03
110% 110%
109% 114
i
88% 92
Not’10
Oct’10
110
94
Nov’10
Apr '06
98%
97
104
98
93% 98%
IS
94% 99%
99%
99%
99%
% May’ lo
26% Apr'09
96% 99%
27% 31%
77
Mar’10
79
79
May’10
75
79
3i
70
....—
......
100
130
101
Sale
71% 74%
86%
s?
07% Sale
97%
84%
....’!
...I
Jan’lo
103% 103
80% 81%
84% 86
131
....
Registered...;
131
96% 100
98%
85%
Nov'10
98%
...
81%Nov’10 .—*] 78% 86%
85
83% 90%
Apr'09 ,...'!
J’ne’iO ...'105 105
»»%
88% 90% 89%
1!) 89% 93%
100 113
109%
110% Oct 'lo
103 108%
107% 109 100% Nov'10
102'
Nov’10
101% 106%
...100%105%
104
109
110% Apr’09
Sep’10 III ibT lbs”
106
106% 107
107 % 109% 109%
25 107
111
AlO
101 % bale 101%
6 100
101%
102%
99% Mar’lu ...I 99% 99%
100 102%
100% 102% 100% Nov’10
77 %
11 76
77% 78
77%
81%
98% 96% Nov’09
90
92% 93% 92% ' 93% 69 89
i
92% 93
y2% Oot 'lo
91% 95
•l
87
80
83% 85%
87%
% May’10
2
85
88
101
105
...
...
.
■.
Mar*06
110
.2301 J-J
NY* Green w Lake See Kne
NY* Har See NYC* Hud
NY Lack AW See D LAW
N Y L E A W See Erie
N Y A Long Br NseCentofNJ
N Y N JtL A H—Conv <>S—1948 J-J
Conv deben 3%»....
1950 J-J
Houaatomo R oon g 6a..1937 M-N
Derby oon Cy 68.10ia M-N
N Y A North See N Y O A H
N Y O A W ref lstg 4s..gl992 M-S
vlKegw65,000 onlyX
N Y A Put
£mN
^
N
Y 8 A W
*
N Y Tex A M See So Pao Co
Nor A South 1st g 5s
1941 M-N
Norf A Wert gen g 6s
1931 M-N
Improvem’t A ext g 6a..1934 F-A
New River JLst g
0et.-.1932 A-O
N A W Ry 1st
Cong48.1990 A-O
year
<8 C
w
jmnt4slli»41
COAT 1st gu g
xr8!1?
6 s..
1922 ‘
1
1 106% 110%
108% 110%
1st
X ae of Missouri see Mo Pao J-D
;s-‘,
Ponn RR 1st real eat k 4s.1923 M-N
79%
79
Consol
....;;n5%n5%
Convertible g 3 %S.......1916 J -D
......
96%
92%
102%
86
--—^-.1948MN
g 4a...1942 M-S
D R R R* Bge 1st
gd 4sg.’30 F-A
PluiaBai* W 1st g 4s..1943 M-N
Sod Bay* so 1st g6 a.;1924'J-J
UN J RR * Can geu 4sll944 M- 8
Penn Co—Guar lstg4%s.1921! J-J
^Rertstered..i;.„..M..i921l J-J
88% 19 87% 92
86% J’ly’101-< 83% 90%
93 %
96%
93% 29, 92
411 79% 82%
81
80%
88%
Guar 3%s contrast
.,
78
80% Oot’10....'
Gusx3%tjooil
reg.1937 M-8
tr ser BL.1941
F-A
FA
F-A
98 Sale
98% -J..-.
00
77
78
90
06
100
F-A
99 % Nov’09
90
Nov’10
97. r 98H
96% J’ne’iO
■»
80%
*13
1*77% "**3
107% Deo *04
102% Apr’06
107 May*07
105% l>ee’00
•
f:8|
J-J
.J,—
99
07
86
-J4..
102.
i¥i
83
78
102
o
jHwo
QaAl<|polrty 68.10^9 "r* ,94% 00
Jan *10
87
Ang’09
90
700i
82%
mmmnprn
83
*
1
•«•••«
83
16 102
;
100
101*;
96%
70
J*na»l
Feb’O
103 £
„
4..
^
,
lOf
‘
103% 107
J"
Am Cot OR ext
*98% J’ne’iO
08% 09%
Ang’10
*9*3** * 93 %
oei *02
Oct ’09
96% Oct *1U
95%
**98%
131% Jan’09
106% 110% 107
106% 105
103
95%
....
....
82%
87
110
104
Oct ’10
92
J’ne’09
J’ne’09
Feb’08
115
125
Nov’iO
88%
93%
93
92%
109
100
100
122%
......
110
101% 102%
80% 91%
100
....
90
90
110%
IbT* ib*4*‘
84
100
90% 90
92% 93%
100%.
107
Jan ’os
J’ne’iO
102% Feb'lo
100
88
93
Nov’lt
1
5
83 b
03%
03 b
7
3ij
90
88
92
02
102
02%
02
06%
06%
Oct ’07
Deo’09
130% Jan’09
120
107
109% 116 110% Oot ’iO
108%.... 119 J ue’06
97
98% 99 Jan ’lu
93% 98% 98 Dec’09
”87% min
90%
99%
98%....
....
90
87
110% 110%
.
11*99** **99*"
J’ne 08
Apr’iO
91% Nov’10
99%
99%
Deo’09
91% Oct ’10
100% 101% 101
101%
100 101
99%
99%
t
•
••
...}
61
00
92%
07% 100%
100
91
.—..
87
89
00
14
26
02
09% 102%
96% 100%
134
Sale 133%
18 130% 185%
1S4
100% 101% 100% 101% 54 90% 103%
112
121
112% Oct ’10 ....112% 110
107
100%
Aug*09
96
96% 96% 96%
97
101% J’ne’00
98
::::::
122% 128
122
......
98% sale
100
88
103
bale
90
96%
&9%
100
May’10
100 101%
125% Sep ’10 ...123 120%
120
Mar’io
124% 120%
123
May’10
123 124%
98%
98% 181 90% 100
97 Apr’lo
97
971 ’
82% Nov’10 ....! 91
98%
100
100% 169 94% 108%
Nov’10 •J 86%,90%
88
106
Apr’10 ..'104% 100
96
Nov’10
04
90%
101
...
...
...
99%
100%
32
99
102%
96
71
70
97
99% 25 08% 101
:
71% 24 09% 74
6J
72%
Sep *10
Mar’10 —! 96% 97%
89%
90
Feb’10
99
70%
*7*i%
71
99%
09
09
116% 118%
H6%Nov’10
116% 117 Feb’10 ...H17 117
•110
110
10?%...... 110 J’ne’iO
103
103%
103% 103 Oot '10
92
96% 97%
96%i 00% Apr’10
91%
92% 92%
92% Nov’10
116
......
......
111%
111%
111%
110%111%
1st ext af 6s.. 102b
A-O
Q-F
M-8
A-0
M-8
J-J
A-0
F-A
J-J
Junsil Tobacco g
Cora Prod Refi s t g
1961 F-A
5s.... 1931 M-N
2ilat 26-FNUrst
4-1934 M-N
10b
109
Cuban-Amer Sugar ooll tr 6s ’18 a-o
M-j
%
1
94% 100
104
105
104%
104%
102% 108%
102
....110
lu9
08% 09*4 98%
05% sale
95%
103% Sale 103%
•
100
.
Aug’10#,.Jl02
103%
% Jan ’U0i
102% Oct ’1JI
.102% 100
98% * 21 97 % 102
06%' 100 «4% 97%
103%
3 101% 104%
Oct’10'
'102% 102%
.
94 >«
101%
103% Dec’09;...J
100
102
Jan
’03'...
103%May’10....t;103
104
90
88%
Aug’lbj
I 90
88% 90 | 88% Oct "0....' 88
97% 98% 08 Nov’10....I
89% 87 Aug’10
00
ibs**
104
102
88% 90%
103%' 104 I 3 103 100
103% Feb’10 ....I 103% 103%
91
91%
98%
90
Deo’09....1
5
^*nt LeatJier 20-yeaT g 6al926 A-O
Distil >ee Coreonv lst g 5a.*27
J& 1 duPontPowder 4%a—1936
•No price Friday} latert bid and asked. aDue Jan b Due Fek a Due May*
g Due J’ne A Dae J’ly kDut Ang
1
lat 6s. ..;.1986 J - j
Ag Chain 1st 0 56..... 1928
4%s.;;....10i6
Am Hide* List
«fg6s..l0l9
Amer Ice SecUr deb g6i..l926
Am Spirit* Mfg 1st g 6s^1915
Am Thread 1st em tr 4S..1010
Am Tobacco 40-yr g 6s,...1944
Am
;4a
,i..J..4«;..-s..^.^s..i051
Seth Steel
104%
'l'
.»«.
•
Oct’10 ....!
Alar’04
High
82%
79% 79%
97
98%
*r:«J
Xlndaatriai
90
•••
....
103
K- 01 104% 108 104% Oet ’10
J-J
104% 104% 104% '104%
0.D 100
110 J«3
F-A
98
102
...
Next Page
on
wL*
90
00
93
F-A
^ Co oertaf’e gu g 3 %s.l916 M-N
GuB%stretteU.........1942 J-D
Gu s %s tr ctfs d...:::ii:i944 J
•
96%..—
98% 98%
goid6a...p.......i919'M-S
4s........... 1943 M-N
Convertible g 3%s...w.1912 M-N
......
•
94% 94%
84% 27 93%
69%
Sale
4! S7%
89%
104
100% Sep '10 ....’ 100%
84
84
6
82
84
Sale
79 % Ang’lo
106
93
108
o2047,12-
Registered
g6s....l940|
81
High. No Low
3 78
80%
80%
...
106% 107 106% 106%
109%...... 110 Nov'10
U6-3
116% Nov’10
100%
117%Mar’o6
113
106%
J'iy’04
93% sale
Range
Since
January 1
97% Apr’OU
®1«Kbg4sl989
North Y,***
Illinois See Chi A N W
North Ohio See L Erie A W'
Nor Pao—Prior lien g 4s..1997 Q J
Registered..
1997 %-J
General lien gold 3s....a2047
.02947 %-F
...
J-D
M-8
J-J
J J
J-J
J-D
....
88%
g-g1
....
93** *93%
j
>...
88% Sale
....
%
„i
aq-o
C A H
......
94%
89%
100%
83%
ask Low
81%
79%
98%
105%
84%....
pl992 M-S
St Paul-Dui Div g 4S....19901 J-D
06% Oct '10
96% 100%
110
Dul Short L 1st
110% 110% Nov’10 ....' no ns
gu 5s:.19l0 M-8
C B & <4 coil tr 4s See Gt Nor I
107% 107% 107%
1 106% 110
107%
111
106%
Sep *09
21 81
86
84% 86% 84%
84%
8! 82% 87%
*84% 84% 84%.
84%
2d 6s
102% Jan'10 ,...'102% 102%
1917! A-O
98
Dec'06
1st consol gold 4s
1968* J *D
Wash Cent 1st g4s
118% 121
117%Oct’10
116 121%
1948 Q-M
114% 117% 114%8ep’10
114% 117% Nor PaoTer Co 1st gBs..l933 J*J
86
90
Nor
86% Oct '10 ,„JI 86% 90
Ry cal See So Pao.
109%.... 109% Nov’10 ,...107 109% Nor Wia See C St P M * O
80
76
May*08 ...J'
Nor A Mont SeeN Y Cent
94
98
94
94
W SeeCCC AStL
6 94
96
hioRivRR See Balt AO
Ore A oaf See So Pao 00
Ore Short Line See Un Pao
Oswego A Rome See N Y C
....
Last Sale
Long Island
See Erie
JMISCKIA INKOU8 BONDS—Continued
.
1951 M-S
3%s
1952 M-N
1929 A-0
Bat c * Suit 1st gu g 38.1989 J-D
N Y Chic * St L 1st g 4s 1937 A-O
Registered
1937 A-O
Debentures 4s
1931 M-N
West Shore 1st 4s gu...2361 J-J
l| ‘
II
96 % 100
6; 82
87%
100
106
97%
Registered
lstg3%s
20-year deb 4s
100% J’ly’10 HI 100% ibT*
1 102% 109
168
108
2 67% 81%
72
73
87
Mar’10 ...' 87
91%
97% Sep ’lo
102
100
1940
1940 J-J
JLASlstg
77
79
100
Jan'07
96% 97%
I 97%
84% bale
5
May’10
131
118
107
108
New H * D See N Y N H A B
N J Juno RR See N Y Cent
N Y Bkin * Man Boh See L1
N Y Cent* H Rivg 3>38.1997 J-J
Registered
......1997 J-J
Deben g 4s
1934 M-N
Lake Shore coll g 3 %a...l998 F-A
Registered
1998 F-A
4'*
Coal and, Iron
Buff* Snsq Ikon s f 5s....1932
Debenture 0s...
a 1020
C01D A -i Co gen s t k 6s..1943
Convertible deb g 5s....1011
Col Indu 1st* coll 6s gu.. 1034
Contin’talC lets tgnos g.106;:
Gr Riv Cool*C lotgfis*. 1019
Jeff * Clear O A Uatg6a.l02H
Kan* H C * C 1st s f g 6s.l9bl
Pocah Con Collier. 1st s f 5s.’57
Sunday Creea Co g 6s. ...1944
Tenn Coat gen 6a...1961
Tenn Dir 1st g 6a
al917
Blrm Div lsteonsol 6s..1917
OahC M Co. 1stgug0S.1922
DeBar 0*1 Co gug 66.1010
Viotbr Fuellrt st 6s..;...1053
i:i
1936
1930 j-j
4e
99
Friday
n
for *96%
>110% Oct’lu
94
See N Y Cent
MoM M W * A11st 6s..1917
T * P Branch 1st 6s.
1917
Nash Flor A Shef See LAN
Nat Rys of Mexpr 14 bs 1957
Guar gen 4s
1977
Nat of Mex pnor lien 4 >38.1926
ib*7" iio
98
100%
109% 114
Registered
1990 A-0
Stmpd tax exempt.. 1990 A-0
Jasper Branch 1st g 6s..1923
100
Deo’09
107 *a Sep ’l(»
Oot ’10
93% Sep’10
116 J’ly 06
ioi%
103
110
Jan’09
94
95% 94%
94%
102
105% 102 Sep’10
90 I 90% Oct’10
107%
112%Nov’10
lvlanhattan By consol 4s. 1990 A-0
Nash
Chat *gold
St List
7s.l01b
1st consol
5s......1928
23
10
98%
97%
92%
LNAACh SeeVl&L
M ahon Coal See L 8 * M S
t:
98
97%
Weekfs.
Range or
Nov 18
Beech Cr Ext 1st g 3 %s 61961 A-0
Cart * Ad 1st gu g 4a...1981 J-O
Gouv * Oswe lstgu g 5s 1942 J-D
Moh * Mai 1st gu g 4a..1991 M-8
N J Juno R gu 1st 4a...1986 F-A
NY* Harlem g 3%s...2000 M-N
NY* North 1st g 5s... 1927 A-O
N Y * Pu lstcongu g4a 1993 A-O
Nor * Mont lstgu g 6s.l916 A-0
Pme Creek reg guar 6s. 1932 J-D
B W A O con lstext5s.A1922
Oswe A R 2d gu g 6s...«1915
R W* O T R 1st gug 53.1918 M-N
Rutland 1st oon g 4%a..l94l J-J
OgALCham lstgu 4s gl948 J-J
Rut-Canad 1st gu g 4S.1949 J-J
St Law * Adir 1st g 5a. 1996 J-J
2d gold 6s....
...1996 A-O
Utica * Blk Rivgug4s.l922 J-J
Lake Shore gold 3 %s....1997 J-D
Registered.
1997 J-D
Debenture g 4s
1928 M-8
25-year g 4s
...1931 M-N
Ka A * G R 1st gu O 58.1938 J-J
Mahon C*1 RR 1st 5S..1934 J-J
Pitts * L Erie 2d g 6s.al928* A-0
Pitts MoK* Ylstgu 68.1932 J-J*
2d guar 6s
„.1984 J-J
McKeeSA B VlrtgSs 1918 J-J
Midi Cent 5s
1931 M-S
Registered
1931
112% 116%
112% 114
90% 100%
97% 97%
124 Mar’10
118>3 Nov’10
106% Nov’10
113
Sep’10
I 71
May’09
08
M-N
JO
M-S
J-J
M-S
J-J
F-A
J-J
3:4
Oct’10
104%
117%
105% 111
113%
M-S
Oot '10
115
121
M-S
M-S
General gold 4a
1938
Montgom Div 1st g 6s..1947 F-A
St L A Cairo ooU g 4s..«193u
Guaranteed g 4s
..1931
*4*0 ooU 4a See Southern
Mohawk*Mai SeeN YC*H
Monongaheia Rlv See B * o
Mont Cent. See St P M * M
Morgan’s La * T See S P Co
Morris * Essex See Del L* V\
1j
......
104
J-J
J-J
Ilex Cent oons g 4s
1911 J-J
lstoonsmo g 3s
«1939 J’ly
2d oons mo g 3s trust roots..
Hex Internal1st oon g 4a. 1977 M-S
Stamped guaranteed... .1977 M-8
Mex North 1st gold 6s....1910 J-D
Mloh Cent See N Y Cent
Mid ot N J
See Erie
MULSAW See CiiicANW
MU* North See Ch M A St P
Minn * St L 1st gold 7a..l927 J-D
Paciflo Ex 1st gold 6a...1921 A-0
South West Ex 1st g 78.1910 J-D
1st consol gold 6s
1934 M-N
1st and refund gold 4a..1949 M-S
Des M A Ft D 1st gu 4a...’35 J-J
Minn * St JLgu 6««BCBAN
M St P * S 8 M oon g4 intgu’38 J-J
M SS M * A 1st g 4 int gu 1926 J-J
MlnuUn See St P M &M
Mo Kan * Tex 1st g 4s...1990 J-D
2d gold 4s
gi.990 F-A
1st ext gold 6s
1944 M-N
1st * refund 4s
2004 M-8
Gen s f 4 *as
1936 J-J
St L Div 1st ref g 4s....2001 A-0
Dai * Wa 1st gu g 6s...1940 M-N
Kan C * Pao 1st g 4s...1990 F-A
Mo K * E 1st gu g 6s...1942 A-0
M K * Ok 1st gu 6s
1942 M-N
MK*TolTlstgug68.1942 M-8
Sher Sh * bo 1st gu g 5 s. 1943 J-D
Tex * Okla 1st gu g 6s... 1943 M-8
Mo Pacific 1st oon g 6s ...1920 M-N
Trust gold 6s stamped.01917 M-8
: Registered
ol917 M-S
1st coU gold 6s
1920 F-A
40-year gold loan 4s
1946 M-8
3d 7s extd at 4%
1938 M-N
1st* ref conv 6s
1969 M S
Cent Br Ry 1st gu g 4S.1919 F-A
Cen Branch U P 1st g 4a. 1948 J-D
Leroy *OYALl8tg5s 1926 J-J
Pao R of Mo 1st ox g4s. 1938 F-A
2d extended gold 5s... 1938 J-J
A-0
A-0
J-J
Rlv * G Div 1st g 4s.. 1933 M-N
Verdi V l A W 1st g 6s.l926 M-S
Mob J * K C 1st cons g6s.l953 J-J
Mob A Ohio nevr gold 6s..1927 J-D
lat extension gold 6s..A1927
113
......
Price
Bia
N Y Cent * H U-rf Conj
Mich cent ooU g 3 %».... 1998 F-A
Registered
1998 F-A *
Beech Creek let gu g 4S.1936
98%
Registered
2d gu gold 6s
*1
••
O
4*
N. Y. STOCK EXCHANGE
Wbbk Ending NOV 18
1
High. No ijoto High,
7 94% 100
96%
Nov’09
•
115 >s 116%
J-D
M-N
J-J
J-J
A-0
M-N
J-D
M-N
"co
101% Deo’08
110%Nov’06
105
Apr’07
109
Nov’06
......
95
Kentucky Cent gold 4a.. 1987
L*N * M * M 1st g 4 *s81946
LAN-Soutli M joint 48.1952
N Fla * S 1st gu g 6s.. .1937
N* C Bdge gen gu g 4 >as 1946
Pena A Atl 1st gu g 6a..1921 F-A
8 * N Ala con gu g 5a.. 1936 F-A
L A Jeff Bdge Co gu g 4S..1946 M-S
MoK’pt * B V
96*8
987s
96
vj
BONDS
ii1January
tbs
Range or
Lott Sale
Ask Lou
B*a
4s.........1949 M-S
Bklyn * Mont 1st g 6s..1911 M-S
Guar ref gold
N Y B * M B 1st oon
Weekft
Price
Friday
Nov 18
,
Record—Continued—Page 3
e
A-O
J-D
78
Sale
102% Sale
77%
78
102%
102%
98% 98%. 08%
98
67
07
91
:
.4-..
981
94 i
00% Nov’10
93%
<
35
6 100
9
72
100% 101 Oot’16
92%
106% 100
60% SMe
80*1
80%
is> a*
80%
80
99% Sait
00
00%
80
90%
80%
90
95
#S
9?
06
77
84
Due Oat
80
09%
sale
85
p
108^
26
60%
£90
Nov 10
06%J’|ynO
70%+H7"
85
Due Nov | B«* 5M
00%; 78%
Si %
1374
New York Bond
Price
-5^
Pennsylvania Co—(Con)
Bia
Guar 15-25 year g 4s..*.1931 A O
CIA Mar lat gu g4%s..l935 M-N
Cl<fe Pgen gug4%S8er A.’42 J-J
Series B
1942 A-O
Series C 3%s
1948 M-N
Series D 3%s
„1»50 F-A
Brie A Pitts gug3%s B.1940 J J
Series C....
1940 J
Gr B A I ex 1st gu g 4%s1941 J
Pitts Ft W A C 1st 7s...1912 J-J
2d7s
1912 J-J
3d 7s
*1912 A-0
Pitts YA Asli 1st oon 5s. 1927 M-N
PGC<& StLgU4%s A...1B40 A-O
r
Senes B guar
1942 A-O
Senes C guar
1942 M-N
Senes D 4s guar
1945 M-N
Senes E 8% guar g....l949 F-A
Series F 4s guar
1953 J -D
C St 1. A P 1st eon g os.1932 A-O
Pensacola A Atl See L & Nash
Peo A East See C C C <& St L
PeoAPek Un let g 6s....1921 Q-F
2u gold 4 %s
01921 M-N
PereMarquette—Bef 4s.. 1955 J-J
CliA W M 5s
1921 J -D
Flint A PM g6s... .....1920 A-O
1st consol gold5s..
1939 M-N
Pt Huron Div 1st g 5s. 1939 A-O
8agTus A H 1stgug 4s. 1931 F-A
Phil B A W See Penn HR
Philippine By 1st 30-yr s 14s’37 J • J
Pitts cm A St L See Penn Co
Pitts Cleve A Toi See B A O
Pitts Ft W A Oh See Penn Co
Pitts McKees A Y See N Y Cen
Pitts Sh A L E 1st g 5s...1940 A-O
1stoonsoigold5s
1943 J-J
Pitts A West See BAG
|)eadingCogeng4s
1997 J-J
XV Begistered.
1997 J-J
Jersey Cent ooii g 4s...1951 A o
Bensseiaer A Sar See BAB
Bich A Ban See South By
Bleh A Meek See Southern
Bio Gr West See Ben A Rio Gi
Booh A Pitts See B It A P
Borne Wat A Og See X Y Cent
Rutland See N Y Cent
■
^
Sag
Tus
Mara
t Jo
A Gr
A H1st 1st
See gPere
4s...1947
1
St BA Cairo See Mob A Ohio
St L A Iron Mount See M P
BtLM Br See T itU a ol St 1*
St Louis ASF— Geng Os.1931
General gold 5s
1931
St Lt A S F KB cons g 4s..’90
Gen 15-20 yr os
1927
SonthW Div 1st g 6s..1947
Bef unding g 4s
1951
K C Ft S A M con g Os.. 1928
*
:
•
KCFtSAMKyrelg4s
J-J
J-J
J-J
J-J
M-N
A-O
J-J
Ash
100‘s ...
103»a
103 %...
...
90
January J
Si a
....
J-J
92%
91
1
JVJ
JVJ
4s."i
T
...
104% 105%
....
A-O
J-J
....
...
107*9.... 112
90*9 99
96
70
7134
101*8 104S» 102
108*4
108%
......
104 S, 101
106% 105
102
103
109
107%
103% 107*4
106% 106%
97% 98*4
94
....
ii'2%‘*il2St
112*4
109
107
•••
-
89
112S>
...
6 111%
Feb’10
Oct ’10
112
112
90% 95
70% 79
2 100
102*4
.
Nov’10
102
Sep ’19
89% J’ly’10
98
....
****
VT
Mort,
So Car A Ga 1st g
Virginia Mid ser C 6s..
5s.I!
West N C 1st con g 6
SAN Ala See LAN
90
98%
81
97
3
95
95
97
89
117*4 121
106*9107
89
89*4 Oct *1°
•
Apr’1C
Sep'10
120
107
120
86%
36%
99*4 Oct TO
80*..
Sl
117
Sep 10
77%
78
100% Dec Ob
98% 98% Aug’lo
bale
100
96*9
90*4 91
83
90
80
73% 76
74
90
Nov'10
76*3
101 *8
Apr’07
86*4
86%
78
96
86% Sale
98%
104
124
105
108%
90
91%
90
84
32,
J...
99
100%
48
78% 85
....
b6% dale
M-N
94
117%
76% 82%
114
....
2
....
6
1
17
15
Oct ’09
96%
97
88
79
93%
72%
79%
82
83%
88%
lstg 5s.....
J-J
1929 J-D
Begistered
1929 J-D
Utah A Nor gold 6s.. 1926 J-J
Uni N J BB A C Co See Pa BB
Utah Central See Bio Gr Wes
Utah A North See Un Pacific
Utica A Black B See N Y (
FA
era Cruz APlst gu 4 %sl93 4 J-J
Ver Vai Ind AW See Mo P
Virginia Mid Am South By
Va A Southw’t 1st gu 58.2003 J-J
1st cons 50-year 5s
1958 A-O
1st6s....
Wabash
gold 5s
2d gold
1939
85%
86%
99% 100 100
100
77% bale
73%
78*s
84
84Si 84% Oct TO
91
....
101%....
101*4....
10i%....
103*sl01
103%..,.
104%
92
103*2
193%
104% Mar’lO
92% 92
92%
Oct To
97% Sale
97
Apr’10
J’ly’io
Apr’10
92
Sale
....
Oct TO
92
103
104
106
....
60
2
1025
91
96%
96%
....
1
•
•••
• •••
18
—-
86%
99
100%
69% 75%
81%
80
91
103
87
92
103
100% 103%
104%
104
104
104%
106
106
89
96
91
86
97% 499, 92*4 106%
97% 31 94% 98%
Feb’lO
97
90% cet ’lu
92
J’ne’lo
109
Sep TO
-•••
97
97
1st hen equip s fd g 5s..1921 M-S
1st lien 50 yr g term 48.1954 J-J
1st ref and ext g 4s
1956 J-J
Bet A Ch Ext 1st g 6S..1941 J-J
BesMoin Div lstg4s.. 1939 J-J
Cm Biv 1st g 3%a
1941 A-O
Toi A Ch Biv 1st g 4s.
1941 M-S
Wab Pitts Term 1st g 4s. 1954 J-B
Trust Co certfs
2d gold 4s.
1954 J-B
Trust Co certfs^
Warren See Bel Lao A West
Wash Cent Am Nor Pao
Wash O A W See Southern
Wash Term! 1st gu 3 *28.. 1945 FA
West Maryland 1st g 4s...1952 A-O
Gen A conv g 4s
1952 A-O
Trust Co certfs
W Va Cent A P 1st g 6s 1911 J-J
West N Y A Pa 1st g 6S..1937 J-J
Gen gold 4s
1943 A-O
income 5s
dl943 Nov
West No Car See South By
Wheel’g A L E 1st g 6s...1926 A-O
Wheel Biv 1st gold 6s.. 1928 J-J
Exten A Imp gold 6s...1930 F*A
BB 1st consol 4s
1949 M-8
....
....
Mort guar gold 3 Sis..*1929 J -B
1
90
87% 90%
1
Through St L 1st gu 4s ’54 A-O
88
94
91% 94
GHAbAM APlst5s..l931 M-N 106% 107
103% 109
GUa VG AN Istgug5s.l924 M-N
104*4
sep
'09
HOOS E A W T 1st g 58.1933 M-N 103 % 105% 105
% May’09
l.
IflB
1st guar 5s red
1933 M-N 104*8 106
103*4 Aug'10
103% 105%
B A TOlstg6sintgu..l937 J-J 109% ill
2 109% 110%
109% __i 10
Consol g 6s intguar...1912 A-O 108 % 110 % 109 % Nov’09
20-year equip s f 5s ...1922
Gen gold 4s int guar..1921 A-O
93% bale
93%
93% *"i 92
98% Wilkes A East See Erie
Waco A N W div 1st g 6s ’30 M-N 115
118
119% Mar'io
119% 119% Wil A Sioux F See StPMAM
>
A A N W 1st gu g 5s....1941 J - J 102
107% Jan 09
W is Cent 60-yr 1st gen 4s 1949
Morgan's La A T 1st 7s.l918 A o 115 ...4.. 115 Oct’io
115
116
SupA DuidivA term 1st 4s’36
1st gold 6s.
1920 J-J
110%
110%i wot
Oct TO,
TO
'110% 110%
r No of Cal guar g 5s
1938 A-O
Telegraph and Telephone
112
Feb’07
Ore A Cal 1st guar g 5s. 1927 J • J
100
100
J’no’lO1 ...Jlbo 100
Am Telep A Tel coll tr 4s 1929
:
JSoPaoOlCal—6s E A F.1912 A-O 102
102
1U2
iua
Convertible 4s
102
1936
1st gold 6s
1912 A-O 102
>114% Deo’04
Mich State Telep 1st 5s ..1924
1st oon guar g 5s
II
1937 M-N 107*4
116
N Y Telep 1st A gens f 4%a.’39
May’07]
L B Pac of N Mex lstg 6s.. 1911 J-J
100
100% 100*8 Oct TO
Pac Tel A Tel 1st 5s
1937
:
Bo Pao Coast 1st gu 4s g. 1937 J-J
84
93 I 90
J’ly'Oy;
TexANObabBivlstg6s.l912 M-S
102% 101 % May’io
102%
Con gold 5s
1943 J-J 100% .....J 102 Nov'09
-
iaoi
....
a
••••••
••••*•
J -J
....
89%
89*4
82% Oct To
Nov’tO
106 %
110
**"'K
llO%Nov U
-
66
110
114%
106
......
*»♦•••
111% 113*4
116
105% 106%
...#
....
105
107%
....
102
104
....
....
©©©ra-Er-e
105% 107%
105% 105%
....
91
91
....
105% 106%
....
1o4*4 io'7 %
....
8
Mai’lO
Sep '09
70
103
93%
82%
106% 106%
106
109
106
4 114
110%
110%
98%
...
....
109
Aug 10
97 % Oot io
109
May’lO
65
.
....
106*4 106% Sep ’09
: 1U4 *4 Oct TO
110% Sale
89%
82%
•••
....
106% May’io
109
110
87
2
•
Feb’iO
91
81%
90%
80%
....
i-eOTO
106
mam
73
85
106
6
....
67
109
96
109
115%
98%
109%
108%
ll2%
70
70
...
106% Nov’04
107% lU8% 107%
107%
108
lli% 112
»wp ’oy
101% 103
101% Nov'10
90% 93
94% MarTu
91%
93
Sep’10
88%
87
Aug’10
......
75
80
Salto
83
86%
103% 106
83% 87
101% Sale
.
2‘106
1
...!|
....
....
86
1
31
<5
Oct 10
J’ne’10
J’ne’10
Oct ’o9
75
83
89
103
112%
90%
92
b7
70
104%
94%
93 %
90
81
80% 86%
87% 91
....
100
titt
101
100
99
106
101% 99 99% 102
100
Oct TO
loo%
98% 101%
105 % baits 105%
1U6
403 101
116%
96% Sale
t'6%
97
33! 95
98%
94% Safe
94%
95
7 94% 98%
114% 115
6
114% 1*4*4
li3% 117
111% 112
ill
111% 16 108% 113%
93
bale
....
92%
94
104
93
26,1
Jan ’09
Nov’08
Apr TO
98
96
105
110% 105
94% 94
93
109
99%
Salto
Sale
105
108
••••..
......
75%
109
99%
86
88
89%
86% Sale
......
......
109% 110
87
86
102
90
90
Deo’oj ...J
76%
Sep’10
45%
46
44%
6%
6%
2
1
Nov’10
89%
89%
86%
86%
7l%FebT0
73*4 Apr TO
100%Nov’o9
4
85
10
....
-
90
52%
54
11%
12%
J
|
il
73
68%
74%
l
1
**1
90%
86*4
ioo%iio%
86%
34
F60’07
1
105
Oct TO
| 104*4
92
105%
1 103% 104
99
102
15 77
87%
101
103% 103%NovT0
96%
102
J’ne'lO
84
Sale
83*4
84%
93%
98*4Oot TO
77
88%
82%
T*
J'ne’10
72-a
83
33
32
4
4
71!
2
86% Sep To
105
103%
66% 77%
al1 106 107%
J’ly TO
44%
110
108
98%
113*4
t
Mar'io ....!
65% 260
90
65
lod
83
7
96
106
94
109
2 TO 7
99% 35 98
Jly’10 ...J 86
f
J’neTo
100
83
6% Salto
6
7
96
1
75%
45 % Sale
45 % Sale
94%
J’ly TO
Oct TO
98*4 loo
85
65% Saic
91
*1
107% Dec’09
..
• •••
Sep'iO
87%
Sep 'Ob
103% 111%
...
27
8
66
JNov’ub
H3
Nov’10
bale
116
**6
105%
116% Apr’06
70
82
Xov’08
104 **i 107 % 106% *TO
104%
106
Nov’lo
70%
75
Oct 'Ob
103
103% Oct TO
106%
112
uct 'Ou
103%
108*4 Beo'ou
105%
107*4 Bee'oy
1U5% 106% 105% JTJ 10
105 %
l05%Nov’lO
......
Vandaiia oonsoi g 4s ....1955
M-N
1939 F-A
1939 J-J
2b
.
86
108
......
Ru Low Mign
26
93% 96%
94%
10b %
May’OJ
76%
112
116
105
108
93
lo7
Guar refund 4s
110
76
85
86
v---
since
January l
Si yt
108
101
A-O
Kan A M 1st gu g 4s....
TDl PAW 1st gold 4s....1917 J-J
J-J
A-O
Coll tr 4s g Ser A
F-A
1917F
J-B
J-B
U 1st refund g 48
A-O
Un Pac BB A 1 gr g 4s ...1947 J-J
Begistered
1947 J-J
20-yr conv 4s
1927 J-J
M-S
J-B
Ore Short Line Istg6a..l922 F-A
Debenture series B
85% Sale
82 *4
70
106
104
J-B
Mar
J-J
F-A
J-J
A-O
J-B
A-O
98%
98%
83%
76*4
Sale
107
108
85% salt
Bee So Pac Co
100
....
917 Oct ’lu
99
81
•••'
76
86
J-J
F-A
J-J
A-O
112*8
112
Toi A OC
84
J-J
A-O
M-N
M-N
M-S
M-S
M-S
M-N
M-N
F-A
106
88
J
J-J
Tex A N O
Nov' 10
98
J
108% 112%
101
a3v8J’ly'97
98*« Sale
98
97 *a Sale
$M-S
A-O
J-J
J-J
Oal
.101
Oct '10 ....'101
Nov'10
112%
By 1st g
Bioh
Aug’10
112 %
Ga Pao
*
.....
Range
or
hale
Low
94%
10i-»4
106% 109
110% 111
J-J
5s.
M-N
94
a
86
E T Va A Ga Div
g
Range
Last
as*
166%
89%
J
J-J
J-J
104% 106
....
..
A-O
M-S
St Louis div 1st g
Weetc's
94% -Salt>
108*4 sale
J-J
1
1
<1
Price
Frutau
Nov 18
Si
J-J
Aug’09
May’08
92%
92%
[VOL. LXXXXI.
•a
....
96
90
92%...
98% Apr*04
100
106 % 104*9 Oct '09
104 *4
104*9 Oct *10
104%
101% Aug’lU
104
107 " Oct '08
107
109
MayTO
105
107*8 107% Nov’"'
105
108
107
Oof
106*9 ^ep’
"98** !!"
98 % Oct ’
89*a 93*« 94 J’ly’10
1930 A-O
KCA M BA Blstguos.1929 A-O
Oz’rk A Ch C 1st gu 5s g.1913 A-O
St -Lotus So See Illinois Cent
St Li S W 1st g 4s hdotfs.1989 M-N
2dg 4s ino bond ct£s...pl98U J-J
Consol gold 4s
1932 J D
Gray’s Pt Ter 1st gug 6s 1947 J-D
St Paul A Bui See Nor Paeilic
St P Minn A Man AeeGtNor
St P A Nor Pao See Nor Pao
St P A S’x City See C St P M AO
SAA A Bassist gug4s...1943 J-J
8 F A N P 1st sink i g 5s.l919 J J
Sar FA West
See Atl Coast L
Soioto Vai A N E See Nor A W
Seaboard A H g 4s stamped *50 A-O
Coll tr refund g 5s
1911 M-N
Adjustment 6s
<>1949 F-A
Atl-Birm 30-yr 1st g 4s.el933 M- S
Car Cent 1st oon g 4s...1949 J - J
Fla Cen A Pen 1st g 5s.l918 J-J
1st land gr ext g 5a ...1930 J - J
Consol gold 5s
1943 J-J
Ga A Ala By 1st con 6s ol945 J-J
Ga Car A No 1st gu g 5s 1929 J • J
Scab A Boa 1st 5s
1926 J-J
Sher Blir A bo see meat
Sil bp oca A G See Atl Coast L
Southern Pacific (Jo—
Gold 48 (Cent Pac coil).«1949 J -B
Begistered
acI949 J -B
20-year conv 4s
g 1929 M-S
Cent Pao 1st ref gu g 4s 1949 F-A
Begistered
1949 F-A
Since
Qq3Q
110*4 Jan '09
109*4 J’ly’OO
...
BONDS
N. Y. STOCK EXCHANGE
Week Ending Nov 18
Range
Migk No Low High
Oct'10
94% 99
Jan *06
Low
98
110
...
90
92 *s
*
Week?*
Range or
Last Sale
Friday
Nov IS
„
i
**
■
BONDS
K* Y. STOCK EXCHANGE
Week ending Nov 18
Record—Concluded—Page 4
....
...’ 98% 98%
—•
J-J
M-N
93% Sale
92%
92%
92%
93%
92%
4
IP
90
90
95
94
.
......
1 Yw
......
..jjl01%
J-J
M-S
F-A
M-N
J-J
J-J
M-N
X-N
91
105% Sale
99
90*4
104%
91
8
106% 500
1
Aug’10
98% 174
97%
97% 64
95
98
98% Sale
97% 97%
100
100% TOO
95
Salto
100
101%
95
101%
100% 100%
100%
101% 102
94%
89%
98
95
93
106%
99
95*4
99
99%
97
1
100%
93
68
97%
30 100% 102*4
95
MISCELLANEOUS BONDS—Concluded.
Uauufacturing A Industrial
Hen Electric deb g 3%s..l942
lO-yrgdebSs
1917
Int Paper Co 1st oon g 6s.l91e
Consol oonv s f g 5s
1935
Int St Pump 1st s f 5s....1929
LaCkaw Steel 1st g 6s....1923
Nat Enam A Stpg 1st 6s.. 192b
N Y Air jirake 1st conv 6s *28
By Steel Spgs 1st s f os... 1921
Bepub IAS 1st A coltr 5s. 1934
Onion
t
Bag A P 1st si 5s..1936
Stamped..
F-A
J-D
F-A
J-J
M-8
AO
J-D
M-N
J-J
A-O
J-J
Jan TO
82
82
147%
103% 104% 103% Nov’10
76 130
LOO
105
82
147
86
92
96
......
103
97
101
Sale
Sale
Sale
Sale
99
104
146%
84
86
8
92
92
96
3
19
96
96
104
J-J
J-J
ff S Bubber 10-yrcoli tr6s.’18 J-D
t'j s Steel Corn—j coup .<11963 M-N
SI 10-60 yr 5s. (reg ..dl963 M-N
87%
84
103*4
108%
9
07% Oct’10
82*4
91%
89%
96%
95% 100
94
100
102
...
Mbv’KI
"~2
104
91*4 96%
93
96%
104%
104%
Chic J 0 <» : t Yard ool g 5s. 1915
Bet M & M Id gr incomes.. 1911
institfor Irrig Was 4%s 1943
int Meroan Marine 4%s..l922
N ewp No Ship & B D
N Y Lock 60-yr 1st g
5s dl990
4s..1951
Providence see deb 4S....1957
Provident Loan Soo4%s.l921
s Yuba Wat Co con g 6s.. 1923
Wash Water Pow 1st 5s.. 1939
vNo price Friday; latest bid and asked this week. 6 Due Feb cf
Due Apr «Due May ?Due J’ne A Due J’ly
100
92
Sale
91
92
27
61
96% 100%
86
93%
90%
91%
90%
92%
ti
24
90%
90%
87%
95%
93%
94%
.Miscellaneous
Adams Ex ooi tr g4a
1948 M-S
Armour & Co 1 st real est 4 %s’39 J-B
Bush Terminal 1st 4s
1952 A-O
97%
114*4
96% 98%
L04% 105 '
88
3
88*1 88
85% 94%
87
88
Nov’ 0
86
90%
Sale 102*4
103
42 101*4 104%
sale 103%
103% 372 101% 105%
Sale 108% 103% 21 101% 105%
104% 105
102%
104
102% 102 Oct TO
93
91% Oot ’lu
DA
M-N
Sep’10
149*4
Manufacturing iSs Industrial
Va-Car Chem 1st 15-yr 6s 1923 J-D
Westwghouse E JfeMstds ’31 J-J
J-J
J-J
A-O
M-N
A-O
F-A
J-J
F-A
M-N
M-S
J-J
J-J
00% Sale
91% sale
88%
100
35
89
98
105
40
96%
64% Sale
7HW.
ftl In
95
".....I
91
92%
• •••••
88
Aug’10
95% >01 ’ll
100
35
May’ll
Aug’10
97% Oct 10
04*4
t>4°fc
-T1
#
2t
1
95
LOO
35
89
98
100
40
96
56
76
98
90%
94
90
90
71%
88
Bee’09
91% Nov’10
90
Sep To
95
J’iy’09
112
J’ly’04
103
Aug'10
101, 103
PDueAug oDae Oet p Due Nov 8Option Sale
••••••
••••••
....
CHICAGO STOCK EXCHANGE—Stock
STOCK.
-
-HIGHEST AND LOWEST SALE
PRICES
STOCKS
Sales
of the
Saturday
Nov. 12.
Record—Daily, Weekly and Yearly
Monday
Tuesday
Wednesday
Thursday
Friday
Nov. 14.
Nov. 15.
Nov. 16.
Nov. 17.
Nov. 18.
WeekShares
Range for Year 1910
flange for Previou. Yeas
CHICAGO STOCK
EXCHANGE
Highest
Lowest
Lowest
Highest
Ka.lroads
*1%
♦6
*76
212
*U2
*6
*76
77
20^2
*10"
*5
*4*4
4
*23
*72
*20
*621*
*18“
*55
*60
*1U2
*52
201-
*10
*5
4*4
21
*72
*20
2%
*6
76
*20
*10
*5
77
20U
"
11
6
5
23»77
21
65
22
60
63
12
55
4
*6212
*18 "
*55
*60
*11%
*52"
2OI4
11
6
*6
76
20
*10
*5
76"
*18
*55
*60
*1U2
12
*1U2
*52
55
*52
*4*4
21%
*72
*20
.
*6212
2i2
*1%
76
21
11
6
5
22
77
21
65
22
60
63
4*4
22
77
21
65
22
60
63
12
55
21-
*ll2
20l4
11
6
5
22
77
21
*4*4
*21
*72
*20
62
*18
60
60
6234
12
55
22
60
60
Chicago City Ity
100 160
1%
Chicago A Oak Park..100
4
Do
pret
.....100
50 Jhlc Rys part ctf ‘*1**...
60*8
Chic
20%
24
1,079
20% 2012
Rys part ctf * 2*'...
11%
Last Sale 10%
8
Chic Rys part ctf "3"...
Oct'lO
Last Sale 4%
Chic Rys part ctf "4"...
3
Sept’10
500 Chicago Subway.....100
2%
4%
4%
4%
4%
*21
*21
24
23
70 Kans City Ry A Lt-.lOO
20
Last Sale 75
Oct'lO
Do
69
pret .........100
16
Last Sale 18
Oct’lO
Jetropd W S Kiev...100
51
*62
63
300
Do
*62
65
prcf.........100
Northwestern Elev
15
Last Sale 20
100
Sept'10
5
Do
*60
63
*60
63
63
pret
100
Side
196 south
60
60
63
63
Elevated.. 100
66%
Last
Last
Last
*74
Sale 170
Oct'lO
Sale 1%
July’10
Sale 4
July’10
76
76
77%
.
...
...
_
....
....
....
11
1212
*10%
12
54
66
*54
56
100 streets W Stable 0 L.100
Do
100
pref. .......-100
7
40
Oct 24
JTy 28
J'ly 28
Sep .8
185
Sep 13
36
16
Jan 3
Jan 3
Jan 10
9% Jan c
May24
J ne29
6% Aug 16
*8
39
Feb 17
Jan 14
Feb 7
Apr l
25
72
23
5
Jan
77*4 Mch-jo
May3l
J'ly 5
J’ly 28
66
JTy 26
104
J’ne.i
J’ne 22
J nC24
J'ne.i
190
4
15
63
60
72% J nC22
64% Jan 3
Jan
Mch
1% Oct
5
Oct
97 % Deo
30
Dec
10% Dec
8
Dec
3% Dec
30 Dec
78 Dec
15% Sep
Jan
47
17
Nov
180
109
May26
Aug
Mch 7
3% Jan 26
7% Jan 7
Jan
Jan
29% Apr
6
Fob
97
Feb
Jan
Jan
119% J ty
45**4 'an
30
uan
13% Jan
29% Jan
52
j'ly
86i* Hay
19% Dec
59
25
73
61
541108
Deo
May
May
May
Deo
Deo
Miscellaneous
9*4
7612
9*4
7612
9*8
75*2
*260
260
*
131
80
80
*11012 111
*141
142
77
9*8
76i4
10%
7614
*7512
*260
*260
260
131
77
10
76
10
9*4
76*8
77
*77
78%
.
131
79
4
131
*
110*4 110*4 *11012 111
*14U2 14212 ♦14U2 14212 *14U2 14212
*11012 111
—
*33l2
•48
*1
*2
*39l2
34*4
64
50
94
65
63
*..._
*
_
*110
*121
*125
*
•48
*1
*2
*40
1%
3
40*2
*12U2 122
154
*...
33
154
*150
94
66
66
63
97
63
97
*
64
50
*48
*1
*2
40
50
U8
3
40%
1%
3
153
115
155
95
92*4
66
4
U8
3
40*4
4012
123
*150
115
155
11512
9212
71%
921?
7412
4
63
98
*97
63
97
97
21
21
*-'
111
110*4 111% 111
*121
122
*121
122
126
125
1251- 126
118*4 118*4 *118*4
106% IO6I2
106
10612
106
183*4 186*4
I8U2 185
119*4 119*4
10318 10314
182
103
174
50
94
72
118*4 118*4
103
*172
*48
*1
*2
21
--
*110
122
*120
*119l2 120
34*4
62*4
123
154
116
66
97“
*8312
62*4
4012
12212 12212
1157s 116
94l2
34*4
*
*12214 124
116*4
21
111
122
130
*3312
33
64
122
125
*118*4 120
106%
*106
1061-
Last Sale
*77
78
*110
111
Last Sale
Last Sale
Last Sale
*33
34
64
*62
Last Sale
Last Sale
Last Sale
41
*40
123
123
Last Sale
*153
154
115% 115%
Last
Last
Last
90
72
Last
Sale
Sale
Sale
93
141% Nov'10
%
June’09
%
June’09
*6*4
*13
714
15
103
6
*13
103
61-
102*4 103
174
34
*62
47
1
3
*13
17
Aug*10
40%
40%
*153
115
1%
17%
79%
Feb’10
Do
rights
Cora Prod Ref Co coin
Do
do
pref.
...
Apr* 10
*173
*118%
105%
174
6l8
6I4
*13
17
176%
119*4
103%
*173
Do
17
5%
6
7*4
120
106
EXCHANGE
Week ending Nov. 18
Amer Strawb’d 1st Os.1911 F
Armour A Co 4 Rs
1939 J
Price
Week's
Friday
Range or
Last Sal3
Nov. 18
A
A
f)
O
-
*
-
F
A
J - J
J -D
Chicago City Ry 5S...1927 F - A
J • J
Ohio Consol Br A Mlt 6s
Chic Consol Trac 4 Rs 1939 J - u
Chic Auditorium Ist5sl929 F - A
Chic Dock Go 1st 43.. 1929 A - 0
Chlo Jo HR 1st M g 5S.1945 M - b
Chic No Shore Elec 6s. 1912 A - O
Chlo Pne rod 1st 5s.al921 J - J
Ohio Ry 5s
1927 F - A
Chlo Rys 4-5s series "A" A - U
Chlo Rys 4-5s series **B" J -1)
Ohio Rys 4-5s series “C” F - A
Chlo Rys coll 6s
1913 F - A
Chic Rys Fund 6s__1913 F - A
Chic Rys Tem Ctfs 1st 5s
ChiO H 1 A P RR 4S..2002 M - IN
Oollat trust g 5s
1913 M - S
Chic Telephone 5s....1923 J - D
Commonw-Edison 5s. 1943 Vt- S
Chic Edison deb 6S-1913 J - J
1st g 5s
July 1926 A - O
Debenture 5s....1920 M- S
Commonw Elect 5sM943 n- s
Illinois Tunnel 5s.... 1928 j - u
..
.
n-N
A - 0
j - j
Feb
F
J
J
if
-
-
-
102% 102%
^
■
A
J
50
•
86
p
.
.
.
n-“—
- M
M-N
J - L)
M- S
M-N
M- N
A - O
Refunding g 5s....1947 M - b
Chlo Gas LAC 1st 5sl937 J - J
Consum Gas 1st Ss.1936 J - U
M-N
J - J
J - J
A- 0
M-N
98
100
.....
....
102%
101% Sole
100% Sale
^m
«.
.
100*4
ur-aii-^T
95%
75
..
76
--
78
-1
95
95%
93
93%
-
J
O
must
*
Oct'lO
May‘05
_
„w1fi
101% Sale
t.... 103
122 Mch 8
109% Jan 8
186 Feb 19
9
May ^6
101
9214 Sate
100
—YTTT1W
-f—-f •
—V
58%
60
6
100
Stone
J’ne22
JTy 16
5% Apr 28
106
j’ne30
26
15
NAME
99%
90%
High
99%
«412
ioi%10314
--TTTT
3
87*4
90
101*8
8758 95%
84%
80
75
90% 91
b7% 101%
97% 93
100% 100*4
100*8 103%
100% 102/8
100%
100?8
100
100%
10b”
102*4
♦ •
-
Apr’lo
84
80
93U
93*4 06%
99
99
92*2
96l4
97
97
9812 9812
3
4
100% Sep’10
100*4 Oct'lO
70
80
96% 9612
103
61% Oct'lO
85% July 08
85
“
—
101% Nov'10
114
75
76
88
Fea'lo
92%
Nov'10
Apr’ 10
Nov'04
J till
43
Jan
20
Nov
97% Jan
25%
88%
130*4
88%
47
Jan
6
15% Jan
3
Aug
May
Aug
Dee
sep.
21
j’ne
119 % Sep
118% Feb
130
82
110
102
108% Dee
124
NOV
119% Aug
Jan
Jan
Jan
55
101
Sep
Men
1
100% Jan
169% Deo
121*4 Oct
114% Aug
119
162
Deo
98% Jan
% Feb
3*4 Mch
105
Deo
Feb
25
Novl8
15
Jan
Jan
Jan
1% Mch
9% Jan
Mch
Calumet
National.....
Chicago Citjr..
ii
100*4 10314
103
10412
100U 1021 j
100*4 101%
91*4 94
100
100%
88
88
70' 70*"
-w-rV
-ri*
6H4
U,--
be added to all Chicago o and
prices.
65
Stock
Profits
In
In
t
T
1008
1909
3100,000
500,000
.....
Contl’tal & Comm Nat 20.000,000
Cora Exchange National 3.000,000
Drexel State..........
200.000
Drovers* Dep National600.000
200.000
...
first National..
10.000.000
First Nat Englewood...
150.000
Foreman Bros B k'g Co. 1.000.000
Fort Dearborn National 1,500.000
Hibernian B’k'g Ass'n
tv as par State Bank....
La Salle St National
Live Stock Exch’ge Nat
Monroe National......
Nat Bank of Republic..
National City
National Produce....^..
North Avenue State...
North Side State Sav’gs
North West State.....
People's Stk Yds State.
Hallway Exchange....
Security
South Chicago Savings.
South Side state......
State Bank of Chicago..
Stock Yards Savings...
Union Bank of Chicago.
Washington Park Nat’l
...
Dividend Record
Surplus
and
..
»6%
94*4 94*4
98% Mch'10
121% Mav*09
100
88
38
'
115
125
101
1,621 Unit Box Bd A P Co.100
Do pref
100
94*14
2
Bid and asked prtoes; no sales were made on this day. ?
t Noprtoe Friday; latest pries this. week, a Due Deo. 31.
kith extra payments Q-F.
s In addition the equivalent of
Jrom First Trust A Savlirs Bank.
V. 91. p. 72. 17. x Sept, 11910.
-p
95%
92
Sep
121% J’ly
% Feb
’
— -m
Apr'lO
93%
103
,
186*4 NOV 12
.....
34
1
93%
97
17% Feb
70% Mch
117 ' Jan
r
dPrairie National....
Prairie State
95%
96% Mch'10
„
7
10
95
97%
«
81%
82
78% Oct’lO
91% Nov’10
96
Oct,
7
Dec'U8
100% Mch'09
98%
3
95% Oot'iO
94% Oct'lo
99
■»«*»»
4
9
1007* Oct'lO
16
152
Jan 13
22% Jan 8
82
Feb &
127
an
6
91
Mch 28
46
Jati 7
Oct 2c
66
102*4 Apr A)
2
Feb
m ^
98%
98%
97% Sep'lt;
100% Apr'08
66% AUg'Us
66% July’08
101% Oct'lO
101%
101%
100%
100%
100% Oct'lO
77
Jan
Jan
163
148
— —
m
out- Men 10
80
117
107
Aug 26
3
116% Aug 8
101
Sep 16
155 J’ly 27
^
87% Nov’10
78*4
79%
100% AUg'09
•
Mcniu
121% Jan 11
142
13% JTy 9
79% Apr 7
82% Sep 30
53
JTy 26
43% Mch 9
40 Mch 17
93
J’ne 28
People's Gas LACoke.100
Englewood State
11
Feb'06
98
Dee
Jan
Jan 7
Jan 18
145 Oct 31
123 Nov 1
115*4 Jan 3
Ratios
for
Low
8
Apr'04
Apr'09
98%
87%
42
140
137
Aug 3
JTy 19
Feb 24
Feb 10
JTy 26
J'ne’09
86*4
61
J
A
9212
86*4
78% Sale
93%
77
Q
High No.
88
Deo
/6% Deo
68
Apr
1
Apr
2% Nov
Mch
Jan
Mavl7
lLJan -6
.100
100
Year 1910
94% Dec’09
81*4 Sale
j
b
B‘ds
Sold
96*4 Jan'06
87
Jan
5
40
20
127
110
108% J'ly 27
_
_
Do
2,519 Western
51% Jan
1
Apr
3% Apr
J’no
132 J'ly
81% Dec
112
Sep
145
NOV
1
Jan
Chicago Banks and Trust Companies
101% Oct'09
100
May *07
102%
102%
103
_
4
May
J’ne
10
48
15% Nov
86
225% Oct
zase
99*4 Mct]'l<>
91%
102
.
.....
Sep 23
118
104
112
103
IT
,
—
.......
Mut’l Fuel Gas Ist5sl947
South Side Elev 4RS.1924
Swift A Co 1st g 5s
1914
Union El (Loop) 5s.. 1945
Union Pacific conv 48.1911
United Box Board od 6?*26
General mtge 6s.......
Western Stone Co 5s..1909
Note. —Accrued interest
Ask Low
Sale"
mu
-
.
Kan City Ry A Light
CO 5s
.1913
Knlck’b'ker Ice 1st 5s 1928
Lake St El—1st 5s...1928
Income 5s..
...1923
Metr W Side El—
1st 4s....
1938
Extension g 4s_...1938
Morris A Co. 4 R
1939
North West El 1st 4s. 1911
No W G-L A Coke Co 5s 28
Ogden Gas 5s
1945
Pearsons-Taft 5s.....1916
4.40s
4.60s Series E.........
4.80s Series P
Poo Gas L A 0 1st 6s. 1943
Feb
OutstandInter¬
est
Period
Bid
Aurora Elgin AChlc 5.1941
Cal A So Chlo Ry Co
1st M 5s
1927
Cass Av A F G (St U 5s 12
Ohio Board of Trade 4sl927
l
3
39*4 Jan 6
74 Jan 4
55
Feb 17
Feb 4
1
3
Sep 23
4/
Feb 1
ioi
Chicago Bond Record
BONDS
CHICAGO STOCK
T
..100
1 765 Swift A Go
7 The Quaker Oats Co..100
Do rights^ _
_
_
__
Do
67
pref.........100
103
5%
Apr*09
J’ne 6
J’ne 0
Aug 11
25% j’ly 26
Do rights...........
6,381 Sears-Roe buck 00m.. 100
Do
923
pref.........100
178%
119%
103%
Apr 4
84% May 10
112 Jan 11
142% Mch 9
7
Jan
Jan
126
64% Apr
101
Feb
139
Aug
% J he
135
100
314
26
18
„rT-
260is N0V17
pref
100
National Carbon.....100
Do
35
pref.........100
16
60
June’10
5*4
pref
405 National Biscuit
71*4 Jan
200
% May
31
66
47
99 McCrum-H 0 well Co.-100
Do
164
pref
Milw A Ohio Brewing....
174
6*4
Last Sale
15
19%
.
759 Diamond Match.'
"91%
73*4 5,587 Illinois Brick
Masonic Tempie
72
7% Jan
4
.....
25 Chlo Title A Trust...100
254 Common w' th- Edison .100
Sale 45
Aug* 10
64
63% 63% *63
97
97
97
97
Last Sale 2%
June'07
Last Sale 20
Nov'09
♦111
112
♦110
112
*121
123
*121
123
*120
125
*120
125
*118*4 120
105*4 106
rights..-.
155
115
Nov'10
91
72%
Do
Feb’08
2%
Feb
Jan
100
T
-r
124
82
Aug 6
131% J’ly 30
....
Nov'10
Oct'lO
*123
72
107
too
-
13% Jan lo
6% J’neso
62% JTy ?6
Apr 25
J'ly 19
240
126
85 Booth Fisheries com....
Do pref
8
....
Cal A Chic Canal A D.100
Chic Brew'g A Malt’g....
Do pref
216 Chic Pneumatic Tod. 100
80 Chicago Telephone,.. 100
34
64
1031? *102i2 103% 102%
*103
6I4
6
Booth (A) A Co
Do
pref
*
Last Sale
10212 1021-
76*4
261
Nov'10
79
111
Last Sale 11-16 Mch’09
*172
174
805 American Can
loo
Do
776
100
pref_
300 American Radiator..100
Do
pref
......100
85 Amer Shipbuilding...100
Do
25
pref
.100
Amer Telep A Teleg
10%
126
♦78
*110
I8U4 18212 179 181%
*11912 119*4 *119% 120
103
103*8 104
103*8
183
119*4 120
IO3I4 104
1731* 173L *172
11134
9% 10
9%
76
76% 76%
*260
260% 260%
.......
WendeU state..
Central Trust Co of 111..
...
1,500.000
200.000
1,000.000
1.250.000
300.00O
2.000.000
1.500.000
250,000
200.000
50,000
200.000
300.000
250.000
500.000
250.000
300.000
200.000
200,000
1,500.000
\ 250.000
200.000
100.006
60.000
2.000.000
Chicago Sav Bk & Tr... n500,000
Chicago Title & Trust.. 5.000,000
Citizens Trust 6 Savings
60,000
Colonla’ Trust * Savings
600,000
Qont & CommTr A Sav. 8,000.000
Drovers* irust&Savtngs
200,000
Farwell Trust Co...... 1,600,000
first Trust A Savings.. 2,500,000
Guarantee Trust A Sav.
200,000
Harris Trust A Savings. 1,250,000
Illinois Trust A Savings 5,000.000
Kenwood Trust A Savgs
200,006
Lake View Trust &Savgs
200,000
Merchants* Loan ATr Co 3,000,000
Metro poll ta nTrust&Sa v
750.000
Michigan Ave Tr Co...
Northern Trust Co.....
North-Western Tr&Sav
Pullman Trust A Savgs.
Sheridan Tr A Sav Bank
10 Standard Tr A Bsv.«...
Stockmen's Trust A Sav
Union Trust Co.......
vWest’n Trust A Savings
West Side TrASavBank
Woodlawn TrASavBan
<
200,000
1,500,000
200,000
500,000
200.000
1,000.000
200,000
1,200.000
1,250,000
200,000
200.000
z$43,541
10
10
245,216
9.764,964 ~--i
12
12
6,497,543
6
9
30.767
10
402,510
9R
6
6
40,916
12
12s
10.903.894
10
10
193.486
Priv ate Ba
552.446
8
8
417,082
8
8
981,665
10
10
162,240
3.
M i
Beg.
b
258,839
10
525,597 104-2
4
4
66,795
8
8
1.255.625
3
6
405,878
3
81,807
70.952
5R
6
6
V26.239
2/18,498
109,876
6
—
—
0
-
—
(6)
-r— »
Per¬
iod.
An
J-J
Last Paid
%
Deo
luly
Oct
Q-J Oct
Q-J Oct
1)9.6
10.5
'10, 2%
10.4
TO. 1%
Q-J Oct 10. 2%
Q-J Oct 10,1%
Q-M Sep 30* 10,3a
Q-M Sep 3010,2%
....
nk
Q-J Oot
Q-J Oct
y’lo
Q-M
10.8
10, 2
July 10, 5
V.9J, p.1277
Sep 30102%
Nov 10. 1
Oct 10,2
Sep30 10.1%
Oct 10. 1%
Oct 10, 1%
OCt
*10. 1%
Oo
10, 1<
Q-F
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J
Q-J Oot
.
10; 2
...»
Q-M
86,405
2
None
33,452
194.357
1R "J-j
6
6
Q-J
89.000
10,439 Beg. b us Sep t.'09
11
12
Q-J
1.782.614
7
8
Q-M Sep30‘10.2
200.198
M-N
6
6
Nov 10, 3
37,006
S7.814 See V. 99, p. 159
6
won# Q-M Deo31’08,Uf
V6.570
7
7
938.013
Q-J Oct 10, 2
6
Q-J Oot 10,1%
112.944
1R
Oot. 10,2
6
6
Q-J
<1,543,802
A-O Oct 9,10,3
4
4
1/7,188
8+2 Q-J Oct 10.2%
459,366 8+2
444.155
8
Q-J Oot 10.3 j
123.963
7R
3
Q-J Oct. 10,1%
yl83,929
13
Sep30'10,4
Q-M
3.165.066
1/14,619 lacorp orated 1908 v.87. p.1138
6
9R Q-J Oct ’ 10.8
1.471.163
Oot 10, 4
4
8.609,829 16+4 16+4
6
6% QJ °°t 10.1%
69.499
Oct 10,1%
5
Q-J
41,792
4R
12
12
Q-J Oct 10,3
6.012,401
H
6
Q-J Sep 30 10,1%
226.783
tf50,000 Beg. b us. Oct 29 T 0 V91j>.122l
8
8
Q-J Oct 10,2
2.382,905
6
6
J-J July TO. 3
69.040
Oct 10,2
8
8
833.906
1/25,432 Beg b ua JTy 12TI 9 V 89,n. 141
260,076 Comm enced bus. Sept 6 1910
J-J July 10. 3
6
6
39.000
8
Sep 30'10,2
48+2
1,161.140
8
OCt
10,1%
Jan *08,2
Oct 10,1%
Oct 10. 2 ,
V. 89, p. 81?
Oot 10,8
6
....
..
-
148,374
119,050
66,122
6
6
ft
6
V
Oct
Sep
Q< Oct
10.1%
3010^1
10 3*
Nov. 10 (olose of business) for national banks and Nov. 11 (opening of business) for state institutions*
5- Due June. * Also 20% In stook. n Capital and surplus to be inoreased. a Dividends are paid Qrli
4% more came from First Trust A Savings Bank, t July 311910. 0 In addition the equivalent of 1% earns
0 Prairie Nat. Bank and Western Trust A Sav. Bank merged and capital of latter Inoreased from 81.000,000; V. 91. p. 314.
<9 Sec
v
Sept. 2 1910.
m
BOSTON STOCK EXCHANGE—Stock
Record,.Daily, Weekly and Yearly
r:
SHARE PRICES—NOT PER CENTUM PRICES
Saturday
Mon day
Nov 12
Tuesday
No\0 14
Nov 15
*10214 1028, 1*103 1031
•100*8 1013; S *100l2 10H
222
222
222
12712 128
*216
222
*216
130
*290
*15
161,
72
*70
101; *-_.*
41
155
*150l2
115
*113
*
270
131
131
121% *120
89
*87
*209
*
41
*150
*.._.
*....
131
*120
*87
155
.
*20912
2OI4
....
20%
2014
86I4
86
86%
15312 153%
*139
*212
185
*....
*....
*102
174
*92
♦157
153
*139
*212
185
141
141
1743g
_
185
174*4 17684
93
*92
*157
87
87% 8712
104
104
103
93
....
45
8712
4434
9
280
280
280
224
*514
«
112
*108
*136
*94
112
111
*108
136
*94
136l2
....
16518 16512
1214
103*8
*2912 30
12
10314
30
27
29
1012
29
93%
•••
.
....
8
290
153%
8
290
81?
1012
46
44
'*•
.
685s
28*4
111*
9
*108
695s
165% 16534
12%
10312
12
27%
I88I4
18
91
27
187
56
29
27
188%
56
29
78*4 80%
*117% 117*4
*17% 18
*90% 91
8
8%
1014
8
10%
44
10%
44
703g
30%
‘
*
12
103% 104
*29% 31
30
6958
29lg
29
*94
....
16534
10%
-
111
13612 13612 136%
*17
*90
87%
103
*44% 45
101% 101%
5
5
*14% 15
117% 118
117% 117%
141% 142
17*2
8
17%
7%
I8I4
712
1734
7l2
.50
17*4
17*4
1714
4 15-16 5
•19*4
20U
57T
57
570
*660
♦1912
*.05
20
3*4
11*8
-•
44
♦1114
7*8
11*4
7%
45
44
778
10 ;
*9
.08
12%
71*4
37b
13*4
197g
*4*2
50*2
20*2
*
*8
*7
>.50
7%
7*4
22
22
1512 15*4
20lg 21*2
7*4
8
3%
312
38l2 39
712
8ig
9%
9l8
22
38%
7%
*9
*
3l2
39
958
912
»
.40
*
.60
—-
....
*1934
*41*
50 i
20*8
20
5
50
21
5 !
5*8
10*4
35*4
1078
*
8%
13%
76
19*4
*H2
19*4
1*4
19*4
*1%
i3}4
i's
1
.60
.03
8
*.50
*
4314
76
.40
.01
132
15
76
45
101*g
117
117
14134
44
6834
18
*17%
1734
7*4
.50
17
55
580
19
*.05
71
580
19
.08
71
4
13
8%
10%
29U
1
I4I4
1934
134
1312
1*2
76
20
76
20
*112
1312
60
8
*1*2
1*4
131S
1*8
*37g
12
*.05
71
4
12%
50
8
50
8
00
60
14%
145g
60
58
58
36*4
4814
3%
*36*4
25
25
4812
3*8
4914
21*
9*4
130 ',
*1*8
%
11*4
7%
44
45
8
734
27%
*17g
2
15
15%
20*4
20*4
7%
77«
3%
38*4
*3
38%
7%
8
*9
*.40
9%
.50
•••
*42
131
*13%
,
8
*
....
131
14
76
197g
1*4
13%
1%
49%
1J2
49%
77s
14*4
8
147b
*55
60 (
5U
512
367s 37"
48*2
31g
24»2
49Ja
*£*
?78
128
37%
48J*
314
481i
25
497*
3
lQls
128
31«
247b
50*8
*2%
10%
+125
37
3714
4812
47%
3%
3%
24% *24
50% *50
3
*212
10%
^'2
128
.
.
Northern N H
100
Norwich & Wor pref. 100
Old
37
Colony
15 Rutland pref
4 ■Seattle Electric
29
-Do
pref
100
Meh-J
Aug 29
Sep 11
Oct 3
Oct 13
124% Sep 21
104
Pacific
pref
....100
Vermont & Mass
100
West
2,002
End St
50
52
Do
....
■
Do
14% J’ly 26
J 'ly 1
Apr 28
139% Mchll
210
Maylu
181% Sep 14
75
149
50
19
Sep 26
j’ly b
333 Amer Aerlcul Chem_.l00
243
Do
pref
100
615 Amer Pneu Service... 50
125
Do
pref
60
505 Amer Sugar Refln
100
232
Do
pref
100
36
J’ly 27
if”
17%
67g
20%
734
20
5534
54
595
18
18%
.08 *.05
71
71
4
4
13
117s
.25 *.14
11% *11
11%
7%
7%
43% 45
7*4
77g
*26% 27
*178
2
14% 15
20% 20%
7%
7%
8*4
10%
44
70%
30
7*4
43%
7*4
26%
*1*4
18
8
128
37%
48%
8%
24*4
5012
"l7%
k
/<239
135
7%
20%
54%
602
18
.08
71
4
11%
7*4
45
8%
2612
2
14%
20%
7%
20%
20%
*4%
49%
20*4
50
20*4
4%
4%
5
1034 107b
35% 357g
*8
*7
♦ .50
41%
*130
*13
76
*1934
1%
13%
1%
35
8
8
*7
.60 .50
*42
42
131
*130
14
*12%
77
77
20
20
48%
*7*4
14%
1%
48%
8
145g
59
59
5%
107g
1%
13%
1*8
47%
8
14%
60
6
49”
20*4
107g
35%
8
8
.50
131
14
77
20
1%
13%
1%
48%
8
14%
6234
24;
50
3%
24
50
2%
2%
97S
®%
-Vt
*126
130
3%
3%
24
24
50%
*2%
9*8
50%
*125
A0
10
165
140
1.578
1.147
860
7,029
335
100
100
90
40
51
310
....
mm
.....
OJlbway Mining..... 25
Did Colony
25
Old Dominion Co--.. 25
Osceola
2.413 Shannon
425 South Utah M & S
945 superior
_i
95 Superior & Boston Min
3.905 Supertor&Pitts Copp.
672 Tamarack ..........
...........
3
9%
128
10
5
25
10
10
25
UnitedStatesCoal&Oll
25
1.208 U S Smelt Ref d; Min. 50
Do ’ pref.‘___.i... 50
1.661
705 Utah-Apex Mining...
5
699 Utah Consolidated...
6
62 Utah Copper Co..
10
10 Victoria'
25
755 Winona
25
10 Wolverine
..........
Last Sale 1*4
1*4
Nov* 10
Wyandot
..i
T Hid and asked prices. ■ a New atoci. * * Asa't
paid.
...
25
2*
115
138% Mchll
Jan 5
Feb 11
Oct
17
3%
43
«
17%
3%
9*4
18
6%
5 l
.25
29%
Nov 15
J ly 18
J’ly 12
J’ly 26
j’ly 6
J’ly 13
Jan 17
J'neoO
J’ly 13
Sep 7
Aug 9
J’ne 15
J’ly 27
J’iy 6
J’ly 6
16% J’ly 1
1*8 Sep 29
8*4 J’ly 5
1% J’ne30
36
J’ly 19
7% J’ly 14
9 ' J’ly 5
45% J’ne 22
4*4 J'ly 18
33
Mch3l
33% J'ly 20
45*4 J'ly 20
2% J ly 22
18% J’neao
*39*4 J’ne30
■i 2%
J’ly 22
5 T J'ly 13
102 J’ly 12
1% J’ly 26
f> E*-etoek dly .
11% Jan
4
9034 Jan
3
125^8 Jan
u
Jau
3
Feb
5s
Feb
90*4
40%
533.J
50*4
12%
Jan
Jan
.Tan
Jan
Apr
Dec
Apr
97% Apr
rl727g Feb
93% Mch
Jan
Jan
Oct
165
88
102
174% J’ne
Aug
Sep
200% Jan
50% Aug
Jan
105
5-% Jan
22% Nov
136
131
Apr
Apr
145% Sep
125% Feb
27% Feb
93%
4%
15%
334
’
J’ly
9% Feb
Jan
Nov
Nov
13
H14
t117
J’ne
117% Aug
107
Aug
21834 Aug
117% Aug
175
Apr
98% Apr
112
Apr
33% Jan
94
J'ly
149
215
40
90% Mch
40% Aug
Jan
Apr
Apr
Apr
J’ne
108
12% Sep
31% Aug
8% Oct
Jan
Jan
147% Nov
Jan
260
150*8 Feb
173
125
7
245
1378 J ’ne
Apr
Aug
83*4 Deo
97
Apr
Jan
Jan
59
89
202% Men
2
68
Jau
93
Jan
220% Dec
3% Oct
Apr
125
118
139
108
199
12
126% Jan
Feb
Jan
75
168
Jan
100
20% May
24% Jan
126% Jan
z54
Mch
28%
41*4
107
6%
76
Jan
F'eb
F’eb
Jan
Mch
34
3
3
3
3
65
23
Sep
Oct
34
Dec
35
170
71
NOV
Deo
Oct
31% Sep
94 78 Oct
131
Oct
1J
Dec
96
Dec
4% Oct
1
22
Oct
Oct
Aug
Sep
114% Aug
9*4 Jan
3
Jan
10% May
Jau
F’eb
62
Mch
40*0 Dec
54"-- Dec
Oct
96% NOV
38% Feb
30 ~ F’eb
51*4 Dec
Jan 14
8
J iy
Mch 2s
24% Jan 13
45
F'eb
811
Jan
Mav
17% J’ly
8
Sep
21*8 F'eb
96% May
585
Feb
29
Feb
24
Dec
.70
May 4
.oi
12
66
....
Mch 9
18% May25
28% Jan 3
103
Jan
3
G85
38
.16
85
1
Cop. 10
Ouincy
25
1 tQ09 Ray Consol Copper
16
*120 Santa Fe Gold & Cop! 10
&
Jan 3
Jan 11
Jan 3
Jan 3
Jan 10
Jan 3
9 SgMch 28
14
Nov 14
6% J’ly 13
Oct 11
9% J'ne3u
22% Mch 6
J'ly 26
12% Jan 10
20
J’ly 6 111% Jan 3
6*8 Sep 29 111% Jan 3
14*4 j'ly 19
36
Jan 12
1*4 Oct 27
578 Jan 4
10
J’ly 18
4434 Mch 9
13% May 3
28i2Jan 3
z6
Sep 1
11
Jan 6
3
J’ly 7
6*4 Jan 14
28% J’ly 15
94% Jan 22
7% Nov 17
19
Jan 14
4% Mch 8
10*8 Oct 13
.35
Oct 21
1% Jan 13
114
Parrot Silver
124
Jan
58% Jan
Nov
Feb
J'ne
Mch
Feb
Deo
881, Sep
195% Jan
19
Oct
84
Nov
Oct
4153
146
200
190
26
Men 18
Novl4
634 May 10
10
26
.05
.
97
226
162
123
275
136
103
Jan
75
79'
195
6
8% Jan 11
152% Mch 3
11*8 Jau 3
29212 Nov 16
160% Jan 6
913s Nov 16
Jau
128i2Nov
14*4 Sep 15
Feo 17
3% Sep 28
25
.
13
21
13
12
58
25
Jan
19*4 Sep 30
44*4 j’ly 12
J’ly 6
13% J’ly 15
.04 j’ly 6
.
28
94
50 0
200 Elm River
1?
226 Franklin
25
1,480 Giroux Consolidated.
5
649 Granby Consolidated. 100
5.739 Greene Cananea
20
335 Hancock Consolidated 25
Helvetia
125
Copper
25
555 Indiana Mptlrig.,
25
645 Isle Royale Copper.. 25
5
3.008 Kerr Lake
1437g Nov 4
39% Mch 19
104% Mch 28
11% Jan 7
31
4% Nov 5
15 >8 J’ne3o
20
-
10934 Jan lo>
34% Jan 3.
31
May 6
200
Sep 10
7l*4 Apr 18
13
12% May 4
5
J’ne30
....
ki«
Last Sale 41 ~ “ Oct'10
37 r
37
37
37%
47
48%
47%
48%
*3%
J’ly
10
Sep
8i
J’ly
55% J’ly
19% J’ly
36
J ’ly
4
Mch
14
Jan 24
Mch 30
Jan 18
Feb l i
Aug 15
14
81
10
15
10
25
480 Centennial
25
100 Cons Mercur Gold
1
744 Copper Range Con Go 100
ins
8%
1%
13%
20%
'
48%
20%
*4%
27
l2/*g Mch 2
124
100
200
165% Jan 15
46*4 J’ly 9
25% J’ly 9
61*8 J’lF 26
111
J’ly 26
Butte-Balakfava Cop.
1,335 Butte Coalition..
543 Calumet & Arizona..
316 Calumet & HecJa....
1.600
*20%
100
28
BosACorbCopASilMsf "5
25
25
25
25
Mexico Cons M & S._ 10
Miami Copper
5
Michigan ........
25
Vlohawk
25
Nevada Consolidated.
5
New Arcadian Copper 25
Nl pissing Mines
5
North Butte
15
North Lake
25
Jan 26
J’ly -6
Mch 22
J'ne3u
11% Jan 15
12% 35,191 East Butte Cop Min.. 10
.15
Mch 18
May 10
94
25
Daly-West
7
1
153
L080 Arizona Commercial. 25
290 Atlantic
25
810 Bonanza Dev Co
10
415
J’ly
J'ly
76% Feb 8
89
May 16
214% Jan 4
2*4 Jan 3
107
Sep 22
99% Aug 3
129% Aug 17
25
8,879 Amalgamated Copper 100
Am
Zinc
Lead
& Sm_. 25
5,240
260
5,227
3
4% J’ly 28
138% J’ly 28
7% Apr 14
...
14*4
2014
7%
3
3
*3
200 Keweenaw Copper...
3%
37*4 38%
37%
38% 3.472 Lake Copper Co
7%
7%
7%
7*4 6,332 La Salle Copper
9
9
9
9
35 Mass Consol.........
Last Sale .40
Oct’10
Mayflower
8
128
16
250 Aiiouez
Anaconda
Oct
Feb li
14% Mch
/5% Oct
Dec
Jan
49% Oct 20
Sep 26
8% Feb ii
24
7
Con...... 25
810 Aigomah Mining
....25
44% Nov 1
116 - Jan
6
106
Mch 2
2041*. Jan
3
103*8 Jan 3
168
Jan 17
95% Mch 8
109
Feb 10
106
26
91
490 Adventure
200
Mch It
Jan
7
Feb
77U Nov
May
267
Jan
22
Jan
Nov
b
14l% Aug25
212
4% Aug 2
14
J’ly 16
111
Jan
Sep
Jau
143
115
8t*4 Novi/
98*4 Mch 3 i
111*4 Oct 3
127% j’ly 26
3
162** Mon 14
May
Oct 15
301
11*4
60%
10 “
46%
Mch 16
133% Jan 3
123
Oct £7
90
Oct 14
210
Oct 19
22i« Novl6
3
8
Fen 1(
15 1
83
Mining
118
270
Apr
202
132% Jan
295
124% Jan
223% Dec
15c% Oct 15
Jau
85
Jftii
J’ne
239% Apr
135
Dec
235
Mch
153
Nov
lc% Sep 30
48
106
Jan
225
10% Nov 18
8
Aug IS
98% Auv 2
153% J’ly 26
89% J’ly 26
100
100
1,250 Union
Nov 1J
Oct 4
J’nelb
125% Oct
100*4 Jan
Jan 10
1363j Jan 5
227
Feb 24
152
Feb 2
Nov 3
3 0
Aug J
J’ly 21
25
103
100
166
_
142%
....
197s
*1%
13%
2
*1*2
1*4I *1%
1*4
*1%
aetor« pay't otaisess'ts oauea la UO*.
27%
*7
600
18%
1134
7*8
76
14%
‘
14*4
117%
Wftn'in
*17%
7
50
581
_
14%
512
7
50
*16*4
77g
6%
20
20%
55
55*4
-
7*4
60
8
512
.
.
35
93
44
18
.
51*4
7*8
14*8
7*8
14%
5
117
83g
10%
69*4
2934
2012
20% 20%
47g
4%
47g
50% *50
51%
21
21
20*4
5
4*4
4%
107b
10% 11
36
35% 35*4
8
8
814
132
♦13U
.
Highest
Jan
98
3
7
234
35
139
1U9
260
.100
.........
421g
132
pref...
Mpref_«...
Miscellaneous
45
83g
10%
29%
*16*4
5%
20%
•
8
.60
421g
Do
^
30
.50
27
2
19%
47g
50'
205s
4*4
1078
3534
814
3614
8
.60
76
13
13l2
17-161 7-16
8%
l\z
3%
8
8 >
8
* .50
.60
41*8 41*8 *42
►131
132'
132
*50
44
778
15l2
19^8
5
50*4
20*2
5*8
1078
3578
812
10*4
351b
45
..
.
Lowest
123% Jan
104% Jan
J’neii
218
rl22
20J
128
285
14
__
....
703g
7%
11*4
734
45%
8
153g
.50
.
ii%
15*2
9*2
.40
11*4
7*4
_
_
.25
27
2
10
mmrnm
«
1912
27
2
7*s
3*8
3878
*3l2
38*2
.
585
37b
14
171s
5*8
20%
5612
Elevated__ .10C
__
69%
29*4
7%
27
2
2
7
>127
56
576
19
* .05
;i
71l2
37s
7*4
28
*2H2
*48*8
*2%
9*4
67
576
20
.05
18
.50
17%
5*8
20%
Albany.._.10(
Boston & Wore Elec Cos
35
Do
pref
190 ohlc June Ry &
USY.10G
3
,
Highest
01% J’ly 2(
97% Aug 5
-101
5.544 Amer Telep & Telez__100
35
469 American Woolen.__.l00
93% 93%
931? 1.373
Do pref
100
*97b
125 Atl Gulf & W I S S L.100
9%
97g
19
19
19
19
Do
126
pref
100
Last Sale 5
Jtii v* m
Boston Land.
10
*147
145
153% 145
1 Cumb Telep A Telea.100
9
East
9%
613
9%
Boston Land
9%
288% 288% 288
288
675 Edison E>ec Ilium
100
153% 153% 153*4 154%
537 General Electric
100
907g 91%
90%
90*4 3,009 M assach use tts GasCos 100
9334 9334 *93%
94
Do
483
pref
100
*224% 226 *224
226
25 VI er gen thaler LIno__.100
*5%
634
778 Mexican Telephone
10
*109% 112 *109% 112'
55 N E Cotton Yarn.... 100
1 Do
Last Sale 111
Nov’10
pref
100
*136
136% 136% 136%
138 N E Telephone
„ioo
Last Sale 95
Oct* 10
Pacific Coast Power
100
165
166
165
Pullman
230
Co
165%}
100
12
Reece
12%
112
12%
12%
Button-Hole.. 10
103% 10334 103% 103%
305 Swift & Co
100
*30
31
31
294 Torrlngton
*30%
25
27
27
27
27
Do
85
pref
25
188
189
187
United
188
805
Fruit
mo
56% 56%
56%
56% 1.225 Un Shoe Mach Corp.. 25
*
29
29
Do
24
pref
25
28*4
79*8 80*g
79%
807g' 25.520 □ S Steel Corp
100
Do
117% 118
229
117% 1177g
pref
100
*17
18
18
18
13 West Telep A Teleg..l00
Do
*90% 91
10
90%
pref
100
90%
44
69
•
*ij8
15*4
•5
71%
37g
127s
3*4
12*4
*11%
7%
43*4
7*4
*26*4
►
.05
17l4
5%
20*8
■
•-
19*4
.07
71
-
71'
k
*5
z20
56
575
89%
103
101%
*434
1434
43
17*2
*7*8
&
,,
87*4
105
....
9434
pref
,
117*2 118
*8
29
35
Do
Boston
Boston
Boston
....
40
160
114
Oct* 10
Range far Previous Yeas
(1909)
_
....
5534
*8
10
*44
68
35
•
287g
797b
8*2
1012
-
117%
15312 *147
79
18
91
29
15
118
141% 142%
10
19
55%
*17
*90
67*4
*102
46
118
117
87%
87%
10134
47b
4*4
*14%
287b
17
91
45
Oct’10
..
103
*45
101
5
118
*108
136
*94
165
*12
103
30
27
186
184*8 185%
5512 555«
29
*44
87%
15
*147
8
283
7712
777b 79lg
117*8 117*4 *117*8 117%
*8
141
102
46
101
10
19
77
17
*90
8712
11714 117%
9
282
♦
5512
*28l2
88%
153%
«...
.
Connecticut River___100
110 Mtcbburff,
131%
pref
100
120
35 t*a Ry &
Electric.... 100
87
12
Do
pref
100
Nov*10
Maine Central
100
2034 21
207g
20% 2,937 Mass Electric Cos..__100
88
S8
8834
966
8812
100
153
153% 153% 153%
292 s/Y N H &, Hartford. 100
Last Sale 140
Nov
21%
■
153
*139
*212
14l7g 14214
34l2 3434
93
9414
111
137
12
103
30
27
184
184
55
8834
203j
87%
104
117
165% 165*4
*12
•103 '
*
120
16%
Nov 11
*--_. 115
114
Last Sale 260
132
131
132
*117
*117
*87
87
8834
Last Sate 210
.
& Lowell
10f
170 Boston & Maine
10c
25 Boston & Providence. 10C
5 Boston Suburban El
Cos.
300
16%
156% 156% *156
292%
1535s 1535s ♦152% 15312 153% 154
91
91
91
9078 91
91*8
94
94
94
9414
94
94%
225
226
*223% 225 *223% 225
6
*514
534
*5
512
5*4
112
10912 10912 109% 109%
15314 15314
9078 911«
94
9414
224
*117
*87
*209
300
16%
Last Sale 72
Last Sale 10%
40
40
40
10%
41
155
116
270
*131% 132
....
15
1812
*812
72
*__
141
434
*147
....
8%
*40
155
*113
-
Lowest
Railroads
Atch Top & Santa Fe.lOC
....
....
10
Last Sate 210 June* 10
186
185% 185% 185 185
186
*35
37
38
39% *.__. 37%
10712 *__;
107% *107 107% *107
108%
102l2
102
102% 102% 102% 102
17718 1781s 177% 17834 17634 177% 178
178%
*92 - 93
Last Sale 92
*91% 93
Nov’10
*15712
Last Sale 157
*167%
Nov* 10
45
101
94
10
18l2
*
—
16%
130
305
Range Since Jan. 1
EXCHANGE
62
16S
18S
671
223
129
Nov 1C
Last Salt 216
128
*300
*15
104%
101%
186
40
86*4
102
93
10
101;
2OI4
87
8712
15312 15312
*102
11612 117
14H2 142%
32l2 34IO
94l2
103% 103% 103%
100% 101% *100*8
*223
223
223% 222
1281; 128% 128% 129
1301{
^STOCKS
BOSTON STOCK
.
....
47g
14
1414
11714 11734
34
*147
-
Sharet
2OI4
4*4
117*4 118
*116l4 117
141*4 14U2
9312
--
104
44
101
10178 10178
47g
47g
*1414 15
*33
•
Nov 18
41
118
89
*139
*212
*185
*
3912 *....
107
10712 *....
10212 1021s *....
....
185
40
108
104
44
xll8
*87
*209
2014
8634
1531?
Nov 17
....
*13112 132
89
Nov 16
....
*113
115
*--.. 270
«.
Sales
of the
Week
103*4 103*/
10038 1005
*150l2 155
115
270
131
Friday
222
12S
1281
*216
130
130
*300
161; *15
72
*70
131
....
*70
Thursday
222
*216
130
*300
161; *15
72
*70
101; *—_
41
*....
....
*1514
222
12712 1271. *12712
131
*300
*10312 104
1013s 1013)S
Wednesday
5
29
Jan
Jan
7
4
8% Jan 21
75 “ Jan 22
27% Jan 11
10% Jan 12
12
50
May26
Jan
3
257g Mch 7
12*4 Jan 14
1*4 Feb l
55
166
Jan
3
Jan
3
21*4 Jan
3
92
Mch 9
24*4 Mch 8
2*4 Jan 3
18
Jan
3
3*4 Jan 19
G8% Jan 14
18
Jan 12
16*8 Jan 10
78
Jan
6
ll*o .Inn
3
41‘i OCt
21
55
Jan
3
53% Jan
6% Jan
3
46
Jan
00% Jan
2
3
3
5*4 Jan 14
15
150
Jan 14
Jan 3
**4 Jan U
/» Ex nghta.
.10
13
11% Dec
33% Nov
44% Sep
Jne
13
86*4 Nov
12
Apr
Jan
Aug
Nov
110% Dec
14% Nov
7*8 J’ne
F'eb
Feb
8% Sep
6% Dec
9
Dec
7% Aug
38
22% Apr
7% Apr
33%Feb
9% Aug
<7*4 Deo
74% Deo
19% Deo
2% May
Jan
10*4 J’ly
4% Mch
16
18% May
Apr
Deo
Nov
1
6
3% Apr
12*4 Feb
5*4 Oct
z57% J ly
16% Feb
3% Nov
97g Oct
28% Deo
13% Mch
70% Jan
39
NPV
8*8 DOO
13
Sep
85% Jan
117s Aug
14% Deo
Dec
4% Mch
47
£*4 Nov
.40
Mch
16%
2%
19 ~
12%
Oct
Feb
90
30
Jan
35
68% F’eb
7% May
7% Feb
l
Jan
Aur
119
695
Jne
DO
59
170
47% Feb
122
Feb
19 Dec
83
Dec
Deo
Aug
Deo
36% J’ne
Jan
99
1% Nov
13% Feb
27s Jan
177g Jan
»*>*ta*’a1
34
Jan
13% Nov
12% Apr
18% May
18% J’ly
J ly
9% IlW!
28 ' Jan
39 Feb
62
44
4
90
Feb
I'M. .Tan
89% NOV
69
Sep
Oct
jan
64
Oct
6*4 Jan
49*14 Nov
37% Feb
39*4 Feb
3
Dec
67
66
0
Oct
4*/ Apr
139 Moh
~3
Get
Nov
Deo
rl3% Dee
Aug
-
168
4
-
Jan
oEx-dlv. andrighte.
>J
Nov. 19
3
BOA il»
BOSTON STOCK EXOH’GE
Week ejcdeno Nov 18
Brice
Weekfs
Friday
Nov 18
Mange or
Am Agrloul Cbem 1st 5s..l928
Am Telep A Tei coll tr 48.1929
Convertible 4e.
1936
Am Writ Paperlsts 15sg 1919
Am Zinc LA S deb 6s.... 191 j
Arm Com Cop 1st conv 6s 192u
A ton Top <& S Fe sen g 4s.. 1996
j-j
M- 8
J-J
M-N
January 1
102^
91
il9** Safe
Adjustment g
Stamped
50-year conv 4s
1956 J-D
10-year conv 58
1917 J-D
AU Gull&WI8S .Lines 5s.’59 J-J
2
19
119
119
92
93
98%
98% 88%J
90
90
90‘s
90%
1
....
66%
Boston .Elect JL< oonsol 5s.1924 M-S
Boston A .Lowell 4s
1916 J-J
1944 J-J
Boston A Maine 4%a
...
F-A
J-J
A-0
J-D
M-N
117*3
73
•
108
....
113*3 114
85
88
I....
2
87
87*4
87
98*3 98*3
101 *3 10134
99*« 100
99
993b
....
1
99*4
99%
....
....
99
99
....
1
10l»4
92*8
115*3 116*3
....
....
126
,
99
99 >4 102
91
100‘s
104
99
a 100
<
....
101%
101*4 102
883b
6638
3 100
89
101% 101%
101
Bepub Valley 1st s f 6s... 1919
Butiand 1st con gen 4*38.1941
Butland-Canadlan 1st 4s 1949
Savannah Elec 1st cons 5s. 1952
Seattle Elec 1st g 5s
.1930
Sliannon-Ariz 1 st g 6s
1919
Terre Haute Elec g 5s.... 1929
1918
Torrington 1st gds
Union Pao BB A1 gr g 4s.1917
20-year conv 4s
1927
....
....
*;
....
....
99
....
88
88
90
93
2,
!::::!
M-S
A-O
J-J
Unstamped 1st 6s
1933
>Gt Nor OB A <4 ooll tr 4s 1921
Registered 4s
1921 Q-J
96*3
9834
...Ji
133
140
95% 95%
05%
99
90
it
96
Fremt Elk A Mo V 1st 6s.. 1933 A-O
99
8S
_„jl
96
| 94*3 97*8
1 94*3 96*3
40
95*4
NOTE—Buyer pays aoorued interest In addition to the
J-J
J-J
J-J
J-J
F-A
purchase price for all Boston Bonds. * No prloe
•
Monday
Nov 14
Saturday
Nov 12
Per Centuui Prices
Tuesday
Nov 15
Wednesday
Thursday
Nov 18
Nov 17
Sales |
of the\
; Week
JfYiday
Nov 18
1
14*3
423*3
24*3
20% 21
42% 42%
*41*3 43
I43b
14*3 *
♦
•14
i‘2'5"* 126**
*1111.. 120“
126
23
43
*
*
*14
♦14 *4
*14*4
♦62
64
♦90
94
125
n24
*21
♦42*3
*14*3
*42*3 43
*42a4 43*3
Hs« n»4
•46*s 48
•31*4 31 *3
78* 78\
9*3
*8*3
2434 23
*4234
42»4
*ll34
47 *
31
78S
*93*4 94
86*s 87
64**ie 64*4
9334
44*4
16*%
16
74*8
8
H8\
62*8
44*4
16S
16**
7d»ie
8 s*
39*4
b2*s
WVIT-b-
25
86*4
43
43
11%
47S
31*3
*ih
*46*4
*31 “4
78 s
79
»*•••»
16^8
16
76«i«
8*4
39*4
82*3
78*3
*8*3
27
93%
27%
93% 93%
89% 92
26*4
65
45
*45 ^
46
15*3
16*4
76 S
8*4
39*4
82*3
15 *3
15%
16%
*16%
15%
16*8
.....1
1
Wayne &W V..
Germantown Pass.
Bid
40
1
»
Ask
||
-TT—
)
)
41%
1
---T —
)
73
)
.....
45
is
J
)
5
J
)
1)
D
)
1)
)
J
1
Bnsqueu Iron A Steel.. 5
Tidewater Steel
1 J
......
19*8
*20**
9
10
83
37
•••»•«
4%
6
16*3
16
••*•••
68
62
125
1
126
West Jersey A beaSh
Westmoreland OoaL..
110
41
••••••
105
42
43
43
*11%
47%
32%
78S
9 S
43%
11*6
*9
10
27*4 27%
45 S
93%
91*3
64*e
45%
16%
X15 *4
93%
Lowest
Do
Be talc Steel 6s 1998.Q-F
Cboo A Me 1st 6s 1949 J-J
Cb Ok A G gen 5s ’19 J-J
Col St By 1st con 6s 1932
ConTraoof N J 1st 6s.’33
E&AlStM 6s 1920 M-N
Elec A Peo Tr stk tr ctfs
Eq II Gas-L 1st g 5s 1928
Indianapolis By 4a. 1933
Interstate 4s 1943 ..F-A
Lehigh Nav 4*aa ’14.Q-J
BBS 4s g
1914.Q-F
Gen M 4*aa g. 1924.Q-F
Leb V C 1st 5s g ’33..J-J
83%
115>«
108*3
103
ib*3%
106*3
87
105
61
63*a
110*3
J-D 148%
97S,
97%
luT*
IstseriesB 6s 1935.M-S
New con Gas 5s 1948 J -D
Newark Pass con 5s 1930
NY Pb A No 1st4s ’39 J-J
••••••
11
•
••••»•
NoOhloTrae oonos’19J-J
Penn Cons 6a 1919.. Var
Peun A Md Steel oon 6s
Pa A NY Can5s ’39.A-O
.A-O
Con 48 1939.
Penn Steel 1st 6s ’17 M-N
• ••••
99
241
42%
People’s Tr tr certs 4s *43
P Co IstAooltr 6s’49 M-S
10
10%
41
42
64
Con* ooi tr 6s 1951M-N
Phil Eleo gold trust ctfs.
Trust oertifs 4s.........
P A E gen M 6 g’20.A-O
i
)
240
J
>
..i...
63%
......
......
•Bid and asked; no aMes on
......
$en M 4s g 1920.. A AO
107
108
Pb A Bead 2d 5s *33. A-O
Con M 7s 1911
J-D
Ex Imp M 4s g ’47.A-O
Terminal 5s g 1941. Q-F
P W & B col tr 4s’21. J-J
Portland By 1st 6s 1930.
Boch By A Leon 6s ’64J-J
Spanish-Am Ir 6s ’27 J-J
UTrac lnd gen5s’19.J-J
Un Bys Tr ctfs 4s’49J«fcJ
United Bys Inv 1st ooll tr
108*s
Wlka-B (ME Oon5a’65J-J
‘
B ALTi 310 HE
Inactive Stocks
Ala Cons Coal* Iron. 100
Pret ........U.;
100
Atlanta A Charlotte.. 100
Atlan Coast L (Oonn)lOO
Canton Co
......100
Cons Cot Duck Corp...60
Preferred
...50
17 *a Sep 19
41% J’ly 21
40*4 J’ly 26
11*4 J’ly 29
113*8 116*
98*3 99
103*8 103*«
.J
78*3
l' 103
6
68
135
78*3
104*4
110
Apr’07
28
Jan 3
Jan 6
60
53 »s Jan 10
Flat price.
Mange tor Brevious
Year(iyu9)
| Highest
Lowest
102*3
96
101%
76%
| Ask
|
i
1
86 *« Sep
5% Jau 71},ie Mar
60*8 Jan 68*8 May
84% May 95 *3 Deo
*98%!
101 I ioi%
Col*Grnv 1st 6s. 1916 J J
Consol Gas 5s..1939 J-D
Ctfs indebt 4 *38
J-J
Cons G E * P 4 ss ’35.J -J
Fair* CiTr J.st5a,38.A-0
Ga* Ala 1st con 5s ’45 J-J
......
“73%
74
79%
so
lst5sg’29J-J
Georgia P 1st 6s...’22 J J
GaCar&N
*88%
89%
GaSo* Fla 1st 5s 1945J-J
G-B-S Brew 3-4S1951M-8
2d income 6s 1951 M-N
Knoxv Trao 1st 6s *28A-o
gu5s’42M-S
MaoonBy* Ltlst5s’d3JJ
Memphis St 1st 5s’45 J-J
MetSU Wasb)lst5s’25F A
LakeB El 1st
65
230
119
5
18
235
122
0
20
......
Mt Ver Cot Duck 1st 5s.
NptN*C P 1st 5s’38 M-N
Nor&PorTr lst6a’J6 J-D
Norfolk St 1st os ’44..J-J
North Cent 4 *as 1925 A-O
Series A 5s 1926.... J J
Senes B 6s 1926....J-J
Pitt Uu Trao 6s 1997-J-J
Poto Vai 1st 5s 1941..J J
•
1
2
100% 101
*»••••.
•
••*•••
93
100
110
100%
94
107
ua
••••••
Ext* Imp Ss.1932 M S
CbasOttyify lst5s’23 J-J
94%
•9*0*1
aBeoeipta.
63*3 J’ly
33*4 Dec
84 *3 Deo
16
Apr
33 *8 May
125 *3 Deo
113
sep
7 6 *8 Sep
61*a Dee
14 *8 Dec
36*3 Apr
59 *3 Feb
|
ibo” ioo%
1930 J-J *93’* 94"
thisdsy. f Ex-rights. ~|0|5 paid. t$12*4pal<L t $13 *3 paid. ««35pald-
40*3 Feb
11*4 Feb
City * Sub 1st 6s..’22 J-D
City* Sub(Was)lst5s’48
Coal* 1 By 1st 5s’20F-A
AU Coast L(Ct)ctfs 5s J-D
Ctta of lndebt 48....J-J
6-20 yr 4s 1925......J-J
Balt CPaas 1st 6s ’ll M-N
Balt Fundg 6S.1916 M-N
agaryy-.’ggf.
96
Jan
67
Feb
63 *8 Feb
BALTIMORE
U5%|
Deo
12*8 J’ly
Jau
24*8 Jan
Jan
49*8 Dec
9*3 Jau
14*4 Jau
Chari C * A 2d 7 s' 10 A-O
interest.'*
Balt* P 1st 6sml’ll A-O
BSP40 1st4 *38 ’53F-A
Balt Trfeo 1st 6s..’29 M-N
No Balt Div 6s 1942 J-D
Cent*! By oon5sl932 M-N
63*4 Jan 8
16*4 Maris
23*aJau 3
86
Febl»
53
l
_
43
48
Dec
•
Bonds •'
Brices are all “ and
AnaoosUa A Pot 6s
26
44% J’ly
32*8 Feo
12*3 Jan 14 *10*8 Jan
64*4 Marll 43 Jau
34*8 Jan 29 15*a Jan
9*18 May 13
52*4 juu 3
J’ly 26 95 *8 Jan 10
79
99 V
Georgia Sou A Fla...100
<lst pref....;...
100
2d pref......
100
G-B-S Brewmg.......100
Exchange 3 *ss
102
94*3
101*4
75*a
107*»
100*4
99
Mar’10
103 *8 Sep’10
50 62 *a J’ly 27 121*4 Marls
50 61uie J’ly 26 693!8 Mar 9
Mid
sf 5s 1926...
M-N
U Trao Pit gen 6s ’97 J-J
Weis bach s f 5s 1930. J-D
Leb V ext 4s 1st 1948. J-D
2d 7s 1910
M-S
Consol 6s 1923
J-D
Annuity 6s.,..
50
60
50
10
8,375 United Gas Impt....... 50
Ask
83*4
131
100
pref
83%
Bonds
Brices are allu and
interest
Alt ALYEleo 4 *sS’38.F-A
Am Gas A Elec 5s’07.F-A
Am Bys conv 5s 1911. J-D
Atl City 1st 6s g ’19.M-N
133*8
101
Apr ’09
98*8 Sep ’09
113*8 Aug’10
Big nest
45%
15%
Mid
79*3
96*8 102
76
133*8
Jan 1
40
40
83
>1
UlIIHI ’***’
75
Oct ’10
101%Nov’10
Mange Since
52%
39*8
82%
Feb’09
100*3 sep ’03
99**
Daily, Weekly, Yearly
Stocks see below)
182,0H Lelngb Valley
2,i5j Pennsylvania BB
95
65
8*3
PHILADELPHIA
98
412 Pinladelp’aColPiUsb). 60 42 J’ne3o
4.048 Philadelphia El6ctric||. 25 *13*8 Feb a
6,655 Phila BapidTransit... 50 15 Apr 28
77
11,180 Beading j
50 65*s J’ly 26
6*s Jan 2.*)
8% 1,061 Tonopah Mining ....... 1
40
2,369 union Traction
50 38 Oct 24
16%
102
Storage Battery.. 100 42 J’neoO
1,136 Gen Asphalt tr ctis ....100 19*4 J’ly 26
Do
439
pref tr ctfs ....100 64 J’ly 26 84*4 Jan 10
7
J’ly 6 13 wan 10
Keystone Telephone... 50
9,760 ijake Superior Corp.... 100 15*aJ’ne3o 28*« Jan 3
Jan 7
197 Lemgh C A Navtr ctfs. 60 86 J’ne3o 123
33S
b3%
91%
65%
76*i«
...j| 97
....
97
164
603 Eleo
78%
27%
16*8
....j| 92*3 93*3
...JI 90
92
103
102% Nov’10, .J 102
113*8 Nov’Odi .J!
101*4 Sep ’05
115
l’ne’08
99 *4
100
30| 97 100
97
Aug’10
102*3 Atig’04
4 100*8 105
101*3
102
Friday; latest bid and asked,
76 American Cement......
130 American Bail ways....
805 Cambria Steel
3 Electric Co of America
25
43
46*a
76%
9934
118
46
Mar21 62
Oct 18 30 Mar 48 Deo
Mar 89
May
Marll 90 J’ly 14' 76
80
Feo28 100 Jan 121*3 Deo
Jan 8 132
46 Northern Central...... 50 115
11% Feb 28*4 Deo
166 Seaboard (new)......... 100 J 8% J’ly 29 27*4Jan a
87
2d pref.
Do
....100 40 Oot 17 47 Jau 8 22*4 Feb 48 Deo
15*a
9% Feb 14*3 Deo
J’ly 15
United By A Elec trio.. 50 l2%May 3
15
46 *4
32
78
70*4
8*4
99%
8 113
(For Bonds and inactive
|
Income 4s 1939...M-N
83
82%
10
1 l)
V
D
1)
64%
45%
15%
16%
*24*3
Gen cons 4s 2003.M-N
Leb V Tran con 4s ’S3J-D
3
WelsbaohCo
90*3
25
43
44
| 99*a 101
.II jf 93**8 *9*7*'
....I
Baltimore
Con. Gas EL L. A Pow.100
21%
43%
Berg&KBrw let 6s’2I J-J
—
\
)
40
82**-82*e
}
)
)
Preferred
8*
)
J
Preferred
76>76Wlfl
8*4
i
)
)
Pennsylvania salt.
Pennsylvania stee
6118m 65
16*S 16 *8
76*4 76%
9*4
8*4
39*3 39%
82*3 82%
)
32
79
......
25 a4
43%
*11%
47
32
45
American Milling
Ft
48-4
‘
64*4
inactive Stocks
Amai Asbestos Corp.l
I Amer Pipe Mfg
11%
47
32
45
PimAUELl’UlA
Preferred
*11%
*78
93*4 93j4
88*8 9l34
644feM**i8
45
32*8
25 s
26*4
93 »4
89ae
43*3 43%
79
...
43
43
Oct’iO
Nov’ 10.
high,
6
ICO*, Mar’10 ,..J|100% 10034
I I 99*8 101*3
101*8
101 *8
104*8 Oct’10
:lo47s 109°8
97*4
97*4 97*4
1|| 95*4 97*3
,..Jt46
166
165
NovlO
170
1 101*3 105*«
104
104
I
97
98**
98*4 J’ly’io
10 J% J’ne’09
98*3 99*8
98*a Apr’10
97
99
98
Oct ’10
98
98 *a 13
94*a 99
Sale
9438 94%
94% Jan’lo
J-J
Philadelphia
25
43
24% 25
43
43
1 J/'g
48
43
42*3
93*8 Mai* 10
99% Feb’10
116*8
116*8
97
ACTIVE STOCKS
Shares'
1
-
100*4
-Apr’08
93
90
Since
'oa43 ji January 1
High, So Low
■
100*«
117
Mange
ig.o
sale
107*3-nov’06
102
Mat’02
78*3 Apr’IQ
103 *a
103*3
97
96
103 *3 104
97
Sale
M-N
J J
M-S
J-J
Philadelphia and Baltimore Stock Exchanges—Stock Record,
share Prices—Not
ask Low
102%
United Fruit gens f 4*38.1923 J.J
U S Coal A Oil 1st s f 6s.. 1938 M-N
U S Steel Corp 10-60 yr 6s. 1963 M-N
West End Street By 4s....1915 F-A
Gold 4*as......
1914 M-S
Gold deoenture4s
191.6 M-N
Gold 4s..
1917 F-A
Western Teleph A Tel 5s. 1932 J-J
Wisconsin Cent 1st gen 4sl949 J-J
....
88
96
Last
i*0*i%
103
....
Q-F
1927
J
Now 18
i02*i 10*3**
....
C B A *4 Iowa Div 1st 6&.J919 A-O
IowaDiv 1st 4s
1919 A-O
Debenture 6s
1913 M-N
Denver Exten 4s...
1922 F-A
Nebraska Ex ten 4s
1927 M-N
B A S W s 1 48...........1921 M-S
Illinois Div 3 %a
....1949 J-J
Oblo jo By A Stic Yds 6s .1916 J-J
Coll trust refunding g 481940 A-O
Ob Mil A Bt P Dub u 6b.. 1920 J-J
Ob M A St P Wis V div 6sl920 J-J
ObicjB-NoMlonlstgu 5s.l93x M-N
Oblo A W Midi gen 6s.... 1921 J-D
Oonoord A Mont cons 4S..1920 J-D
Conn A Pass B 1st g 4s...1943 A-O
Cudahy Pack(The)lat g 6s 1924 M-N
Current Biver 1st 6s...... 1926 A-O
DetGrBapA W 1st 4s...1946 A-O
Dominion Coal 1st s f6s.. 1940 M-N
Fitonburg 4s
...1915 M-S
.
94
s 108*4
35.
63
Weetc'i,
Mange or
......
102*3 102 H.
....
66’a
119
lOiag
88*3 94 **
92*3 94»b
....
90*8
87®4
97
89
98
Frtce
Friday
Illinois Steel deben 5s....1913 A-O 100*8 100*4
la Falls & Sioux Cist 7s.. 1917 A-O
Kan O Clin <& Spr 1st 5s...1925 A-O
KanC Ft 8 & Gulf ext 6s.. 1911 J-D
Kan C Ft Scott & M 6s....1928 M-N 116% 3al»;
93 %
Kau C M A B gen 4s
1934 M- S
Assented income 5s
1934 M-S
Kan CAM By A Br 1st 6sl929 A-O
Maine cent cons 1st 7s...1912 A-O
Cons 1st 4s
1912 A-O
Maro Hough A Ont 1st 6s.1925 A-O
99 4 Sale
Mass Gas 4%s
1929 J-J
M loll Teieplst 6s
1917 J-J
Minne Gen Elec con g 5s 1929 J-J
Sale
New Eng Cot Yarn 5s. ...1929 F-A
New Eng Teleph 6s
1915 A-O
6s.
1916 A-O
New England cons g 5s... 1945 J.J
Boston Term 1st 4s
1939 A-O
New Biver (Tho) conv 6a. 1934 J-J
N Y N H & H con deb 3 %al956 J-J
Conv deb 6s (ctis)
1943 J-J 133*8 Sale
Old Colony gold 4s
1924 F-A
Greg By A Nav con g 4s.. 1946 J-D
Oreg Sh Line 1st g 6s.....1922 F-A
Pere Marquette deb g 6s.. 1912 J-J
7| 100*4 103
93*4
|124 89
99*3 106
87*4
Vis
Bia
High
Low
'
BOSTON STOCK EXCH’GE
Week ending Nov 18
Since
....
j-D
a-O
4a.... J’ly 1996 Nov
J’ly 1996 M-N
Boston Terminal Ist3%a.l947
Bur A Mo Biv cons 6s ... .1918
Butte
Boston 1st 6s....1917
Butte Elec A Pow 1 at g 6S.1951
Cedar Bap A Mo K 1st 78.1916
Cent Vermt 1st g4»..Mayl920
Mange
Bigl .1 No|
Ask Low
102 *4
9 0%
903* sale
105 >4 105 %
A-O
60M)»
|s
Last Sale
Bid
48
1377
Boston Bond Record
1910.)
Sav Fla*West6s’34 A-O
S«ab * Boan 6s 1926. J J
South Bound 1st 6s.. A-O
UE1 L*P 1st 4 *as’29 M-N
Uu By * El 1st 4s ’49 M-S
Income 4s 1949.....J-D
Funding 5s 1936...J-D
Va Mid 2d ser 6s ’ll.M-S
3d senes 6s 1916..M-S
4th ser 3-4-581921.M-S
6th senes 6s 1926.M-S
Va (State) 3s new'’32.J-J
Fund debt 2-3s 1991 .JJ
West N C con 6s 1914 J-J
WesVa C*P 1st 6g*ll J-J
WU * Weld 6p-.1936.J-J
Mid
A 8k
......
101% 102
100% 101
107% 108
83
96%
103
83%
87%
■ n ■ 1 ■
104% 106%
112
115
107
109
42% 43
6
102
6
105
109% 110
97
98
74%
92%
82%
74%
104
105
109
109
102
105
83
105%
107
‘
104
107%
••••«•
106
••••••
104
92
93
84% 84%
83% 03%
84% 85 "
100% 100%
105
106
100
87%
3£ 100*3
100*4
110
|112
pkM. «930ppbflt dfia^ppl^
1378
THE CHRONICLE
Volume of Business at Stock Exchanges
fc.ectnc w3uipan.es
-hie Edison Co—See Oh>
Grt West Pow 5s '40.J-.,
s
Kings Co G LAP Co 101
Narragan (Prov) El Co_5u
VYAQ El LAPcwCo 100
.UtA.MSAiJi iON i A1 i'Hn. NEW KOiiK. (STOCK
EXCHANGE
DULY, WEEKLY Atfl> YEARLY
Stocks.
Week
Saturday
Monday
Tuesday..
Wednesday
Shares,
Railroad,
dec..
Par value.
$14,951,100,
44.314,100!
41,147,800'
45,282,000
$812,000
1.530.500
1,904,000
1.450.500
1,908,090
33,997,700
2,231,000(
2,443,970 $220,438,200
$9,836,000*
$571,500
Thursday
Friday
Sales at
New York Stock
Week
Exchange.
40,745,500
ending Nov. 18.
1910.
Stocks—No. shares
1909.
■
.
$1,000
re’cgrap’i
Amer
t
Total bonds
$10,409,600
$21,032,500
1909.
$568,003,450 $1,178,504,200
DAILY TRANSACTIONS AT THE BOSTON AND
PHILADELPHIA
Atlantic....
$
20,235
16,985
17,720
14,517
17,357
Wednesday
Thursday
Friday
Total
93,974
bond prices
are
now
Street Railways
New York OHy
Bleeck St A Fui F stk.100
1st
Bid
Ask
10
52
120
20
mtge 4s 1950..J-J
stk —100
2d mtge 5s 1914
J-J
98
Con 5s 1943—See Stock EXC
B*way Sun 1st 5s gu 1924 102
Cent’l Crosat'n stk
100
1st mtge 6s 1922 ..M-N
/ 80
Cen PkN&ER stk ..100
12
B’y A 7th Ave
_
Ohr't’r A 10th Ststk-,100
Col A 9th Ave 5s See Stock
Dry D E B A B—
1st gold 5s 1932...J-D
Scrip 5s 1914
F-A
Eighth Avenue stock. 100
Scrip 6s 1»14_...F-A
42d A Gr St F’y stk .100
42d St M A St N Ave.100
1st mtge 6s 1910. M-s
2d income 6s 1915.J-J
Inter-Met—See Stk Exch
Lex Av A PavF 5s See Stk
Metropol St Ry—See Stk
Ninth Avenue stock—100
Second Avenue stock. 100
1st M 5s’09 ext'1 o. M-N
Consol 5s 1048.
F-A
9 Sixth Avenue stock. .100
Sou Boulev 5s 1945-..J-J
So Fer 1st 5s 1919
A-O
Third Avenue—See Stock
Tarry VV P A M 5s 1928
YkersStRR5s 1946 A-O
28th A 29th Sts 5s '96 A-0
Twenty-third St stk..100
Union Ry 1st 5s 1942.F-A
Westcnest 1st 5s *43 J-J
.
^
...
'
V
.
-
-
•
..
_
60
140
100
list
105
90
85
19
85
list
_
70
Exc
95
t 30
200
100
40
300
100
/ 95
200
-
.
_
300
^
_
•
60
list
list
list
/ 40
ange
Exc
Exc
•
155
10
09
180
t 52
58
130
85
92
_
115
60
88
Exc
/ 50
-
Union Ferry stock
100
• 1st 5s 1920
...M-N
190
100%
05
-
New York
Cent Un Gas 5s 1927 .J-J
Con Gas (N Y)—See Stk
e Mutual Gas
—...ioo
New Amsterdam Gas—
1st consol 5s
1948..J-0
N Y AERGas 1st 5s '44
J-J
Consol 5s 1945
J-J
N Y A R'chmond Gas.
100
N Y A
WestchesterL'ht’c—
Deb g 5s 1954
guar.j-j
Nor Un 1st 5s
1927..M-N
102
102
172
list
e
102
Other Cities
Am Gas A Elec com..
•
101
99
list
75
83
80
100
list
245
75
132
99
__
101
list
102*2
10*2
42%
list
list
34*2
87%
83
Standard Gas com.. 100
e Preferred
ioo
1st 5s 1930
M-N
102
Us
165
175
100% 101*2
102
" 104
07
40
1U0
50
99
’ 101
55
85
104
Preferred
Amer Light A Tract.. 100
Preferred
Bay State Gas...
50
Blugh ton (N Y) Gas Wks
1st g 5s 1938
A-0
Brooklyn Un Gas—SeeStk
*41
43
291
293
104
102
%
95
Exc
%
-
Preferred
ioo
Pat A Pas Gas A Elec. 100
eCon g 5s 1949
M-S
St Josenh Gas 5« 19*7 T-f
Sells
on
MU,
M S
new.100
Hoboken Land & Imp 100
1st 5s Nov 1930....—.
Houston Ol
...100
Preferred .........100
Hudson Realty
100
103
35
105
40
fob" 102"
7*4
Ingersoll-Rand
75
28
99
com.100
93
101*-
May Dept Stores
Preferred
Mononganela
Exc
Preferred
Mortgage Bond Co
135
35
85
♦1%
100
100
R Coal., ao
8*4
45
110*
■
Railroad
52
*
50 ♦
29%
100
list
150
93
94
8
52
80
113
112
140
225
120
101%
X
92
\
86*4
250
250
145
45
~”i%
53
10134 103
8
20*4 ~2l” "
100
Nat Bank of Cuba....100 5113% 115
103
107
Nat'I Surety
94
100 3250
Con mtg g 5s 1930..J-J
260
e Nevada Cons’d
/---Copper 5 *20% 21
Income 5s. July 1930..
Nev-Utah Min A Sm. 10
Chicago Subway .....100
n%a
1%
e New Central
5
Coal
20
Kan A Col Pac 6s 1938.F-A 109
NYAtr
ill
Brake
6s—See
Stk
Nat Rys of Mexico—See S t
Exc*
list
Exc list
N Y Biscuit 6s 1911.M-S
North’n Securities Stubs. ICO
100
112% e New York Dock....100
Pitts Bess A L E
25
35"
...50 ♦31
e Preferred
33
100
70
Preferred
80
.50 ♦70
N Y Mtge A
74
Security.100 200 210
Railroad Securities Co—
N
Y
Transportation.. 20 *4
III C stk tr ctfs ser A 52
5
90
NUes-Bem-Pond com.100
Seaboard Company—
97
102
NIpissing Mines
5
1st preferred....
*10*4 10%
100
76
Ohio Copper Co...
10 *laiie
Com A 2d pref—See Bal
!%
t Exc list e Ontario Silver
100
2
Seaboard Air Line—
2%
Otis Elevator com....100
49
Coil 5s ext May '11.M-S
52
9934 99%
Preferred
100
West Pac 1st 5s '33—M-S
94
97
93% 93% Pittsburgh Brewing.. 50
♦22*4 23
Preferred
♦
50
Industrial and Miscel.
40% 41%
Pittsburgh Coai—See Stk Exc
Adams Exp g 4s 1947J-D
list
/ 90*2 91% Pope Mfg Co com
100
Ah meek Mining..
58
60
25 *180
195
Preferred
100
Alliance Realty..—100 115
78
Pratt A Whitney pref-100
120
10b” 105
American Book..
100 152
Producers Oil
100 145
American Brass..
150
100 xl20
123
Realty Assoc (Bklyn)_100 120 123
American Chide com. 100 223
227
Royal Bak Powd com.100 190 200
Preferred
100 101*2 104
Preferred
...100 104
Am Graphophone com 100
107
5
Safety Car Heat A Lt-100 133 135
Preferred
.....100
22
Seneca Mining....... 25
Amer Hardware
75
.100 122
Singer Mfg Co
100 350
Am Malting 6s 1914..J-D 100
355
South Iron A S com
102
100
7
Amer Press Assoc'n
10
100
98
100
Preferred
...100
Am St Found new—See S tk Ex
15
18 *
list
Standard Cordage....100
6s 1935..*..
>8
u
A-0 100*2 102
1st M g 5s '31 red. A-O
17
Deb 4s 1923
F-A
69
71
Adjust M 5s Apr 1 1931 / 15
American Surety
4 ;
50 205
210
Staadard Coupler com 100 / 3
American Thread pref
40
5
*4%
Preferred
5*4
...100 fob"
Am Tobacco Co com..100
425
430
Standard Milling Co-.100
16
Amer
Stock
Exchange, but
88
88
100
90
com.100
Preferred
Col tr g 5s 1959
list
,
e
Herig-Hall-Mar.
100
41
98
90
91
102
931*
not very active.
.100
J-J
Barney A Smith Car.. 100
Preferred
100
28
2j
88
88*2
9%
19
20
68
32
98
tk Ex Use
124
133
118
122
250
255
124
125
103
108
66%
....
—
•
-“**
City investing Co—100
e
Preferred
Clatlin (fl B)
100
com—100
61
101
102
93
93
1st preferred.....100
2d preferred
100
Col A flock CoaiAI pt 100
1st g 5s 1917
J-J t 45
Col tr 6s Oct 1956—J-J
/ 45
e
e
Consol Car Heating...100
40*2
Consol Robber Tire—100
3
Preferred
...100
22
Debenture 4s 1951 ,A-C / 40*2
/ Flat price,
n
Nominal.
3
100
M IN
1st 5s 1030
18
52
84
Standard Oil of N J..100 *610
3*2 Swift A Co—See Bost Stk Exc
2*2
Bethl’m Steel Corp—See S
Bliss Company com.. 50
Preferred
50
Bond A Mtge Guar... 100
Borden’s Co ad Milk.. 100
Preferred
100
British Cot Copper...
5
*6%
6%
Butte Coalition Mining 15 *20
20%
Casein Co of Am com.100
3
334
Preferred
.....100
55
60
Casualty Co of Amer 100 125 135
Celluloid Co
100 128
Cent Fireworks com.. 100
Preferred
—100
Central Foundry..... 100
Preferred
100
Deb 6s 1919 op ’01.M-N t 35 ‘ 40*'
Chesebrough Mfg Co—100 700
....
Pre'erred
43
100
100
97
AtlGfAWlndSSL'nes.lOO
100
_
6 Basis,
1st 6s 1922
eLorlllard (P) pref.—100
97*2 Madison Sq Garden.. 100
2d 6s 1919
"9912 100
M-N
100*4 100% Manhattan Transit
20
.....
_
Per share.
Hecker-Jones-Jewell
40
101
Preferred
100
Deb g 6s 1939
M-N
Amer writing Paper.. 100
Preferred
100
1st s f g 5s '19 op ’09 J-J
*46
..
♦
6
12
59
88
35
....
101*4 102%
«...
-■
63
15
...
El AM 6s 1913
Typefdera
50
50
__
,
101
Exc
...
-
10
.....
Buffalo City Gas stk..100
4*2
3%
1st 5s 1947—See Stock
Exc list
105
Cities Service Co
lou
61
i 1st 4s 1951—See Stock Exc list
63
Preferred
loo
80
82
K W*bg A Fiat 1st ex 4 4s 87 02 Con
Gas of N J
90
95
Btelnway 1st 6s J 922..J-J 103 106 Consumers' L H 5sA '36.J-J
Pow—
5s 1938
J-D 102
Other Cities
Denver Gas A Elec
100 190
Buffalo Street Ry—
210
Gen g 5s 1949 od-M-N
91
1st consol 5s 1931..F-A 105
93
108
Elizabeth
Gas
Lt
Co
100
Deb 6s 1917
300
.A-O 103
106
Essex A Hudson Gas.
100 133
Columbus (O) St Ry_.100
138
95
100
Gas A El Bergen Co
100
78
Preferred
80
.100 101
104
e Gr Rap 1st 5s
'15.F-A
Colum Ry con 5s—See Phi la list
08
101
Hudson Co Gas
100 134
Crosst'wn 1st 5s '33 J-D 100
136
1021' Indiana Lighting Co..
100
(Conn Ry A Ltgcom.100
33
35
75
76
4s 1958 op
e Preferred
F-A
64
66
100
79
81
Indianapolis'
Gas
50
1st A ref 4 Hs—See Stk Exc
11
20
list
1st g 5s 1952
Brand Rapids Ry pref .100
A-0
80
85
83
86
Jackson Gas 5s g '37. A-O
rLoulsv St 5s 1930...J-J
t 88
92*2
e Laclede Gas.
104% iu6
1 on 105
Lynn A Bos 1st 5s *24 J-D 104
105 ”
105
e Preferred
^mo
» New Oil Rys A Lgt-100
80
$94%
251s 25*4 Madison Gas 6s
1926.A-O 103 108 “
e Preferred
100
Newark Gas 6s 1944..Q-J
65% 66
128
Gen M g 4 Hs *35—See S tk Ex .1st Newark Consol
130
Gas..100
Pub Scrv Corp of N J.100 113 115
06
98
e Con g 5s 1948
J-D
Tr ctfs 2% to 6%perpet
103
104
99
101
No Hudson L H A Pow—
North Jersey St Ry.100
60
6s 1938
A-O 110
1st 4s 1948
M-N
74
Pacific Gas A E, com. 100
75
i ■
t
70
71
:
_
84
85
85
20
4
8
65
Havana Tobacco Co..100
Preferred
100
97
28
65
99
107
Chic Gt Wcom tr ctfsLSee
Stool;
ePreferred tr ctfs../
list
Chic Peo A St L—
Prior lien g4 Hs'30_ M-S
/ 90
e
84
e Preferred
100
100
intercontln't'i Rubber.100
29
Internat'l Bank'g Co. 100
90
Internet" Mer Mar—See S tk Ex
90% 100% International Nickel..100 145
98
Preferred
98%
...100
90
1st g 5s 1932
98*4 99
A-U
92
96% 97l2 International Salt....100
6
1st g 5s 1951
9814 99
A-0 / 47
07*4 97% International Silver.. 100
50
100
Preferred
100%
100
107
1st 6s 1948
J-D 110
98
9812 Internet Smelt A Refg 100 130
98
99
interest Tim~* Record.lOu 190
1)0*2 1007*
Preferred
100
112
98*4 99% Jones A Laugbiin Steel Co
99
1st s f g 5s
99*2
1939..M-N IOH4
54.65 4.80
Lackawanna Steel.-.100
40
54.65 4.30
e 1st con 5s
19oU—_M-s
100
c Deb as
101
1915..
M-S
*01%
97% 97'* Lanston Monotype
100
86%
96*2 97*2 Lawyers' Mtge Co
100
98% 98*4 Leh A Wilkes-B Coal 50 243
200
5% notes Oct 1917.A-0
r
■
Brooklyn
100
97
Westfngh'e
75
104
Hackensack water Co
Ref g 43 *52 op *12..J-J
Hall Signal Co com..100
99
30
65
26
95
150
,
80
85
20
215
102
75
80
Ask
Preferred
...10u
e Gold 4Ks
1936...J-D
Electric Boat
.—..100
Preferred .........100
Empire Steel
...100
107
Ferry. 100
1819..J-D
Wabash 4Hs 191.j__.M-N
West Teiep A T 5s '12.F-A
Gas Securities
list
,nl0
167
Con 5s—Soe Stk Exch
ange
Bkln Hgts 1st 5s 1941 A-O
98
Bkln Queens Co A Sub—
e 1st g 5s '41
op '16.J-J
99
elstcou5s '41 op’16 M-N
97
Bkiyn Rap Tran—See Stk Exc
Coney Isl A Bkiyn 100 60
1st cons g 4S 1948—J-J
78
Con g 43 1 955
J-J
75
Brk C A N 5s 1939.J-J
05
Kings C El 4s—See Stock Exc
Nassau Elec pref
100
5s 1944
i
A-O 103
...
16
•
Atlan Avenue RR—
Con 5s g 1931
A-O
B B A W E 5s 1933.-A-0
Brooklyn City .Stock.-10
Street Railways
Bid
Pub Serv Corp N J (Con)
Cons Tract of N J..100
73
1st 5s 1933
J-D 103
New’k PasRy 5s ’30 J-J 105
Rapid 'Tran St Ry__100 235
1st 5S 1921
A-O 103
J C Hob A Paterson—
4s
1949
g
M-N
74
So J Gas El A Trac.lOO
128
Gu g 5s 1953...M S
97
No Hud Co Ry 6s 14 J-J 101
5s 1928.!
...J-J 102
Ext 5s 1924
M-N
08
Pat Ry con 6s ’31..J-D 115
2d 6s opt 1914.. A-U
99
So Side El (Chic)—See Cb
icago
Syracuse R T 5s '46..M-S loo
Trent PAH -5s 1943.J-D
97
United Rys of St L
Com vot tr ctfs
100
8%
e Preferred
100
41%
Gen 4s 1934—See Stock Exc
UnitRys San Fran See Stk Exc
Wash Ry A El Co
100 x33
Preferred
..100 *86%
4s 1951
J-D
82
50
60
90
90
ol*
145
82
—
S3
120
65
40
110
13*|
-78*t
~
Preferred .........100
58
65
General Chemical...100 *90 100
e Preferred
100
100
GoldOcld Con Mines See S tk Ex 103*1
list
Gold Hill Copper
1
**2
*1
Greene-Cauanea
20
*8
8*1
Guggenheim Explor’n 100 185 195
96%
Outside Securities
All
80
118
105
AM
*1*2
90*2
100
e
67
93
20
55
97
103
Am Cif? ser A 4s
‘11..M s
Philadelphia.
Ser B 4s Mch 15 ‘12
M- S
Balt AOh)o -Hs
Unlisted
Bond
Listed
19ir.J-D
Unlisted
Bond
Bethieh Steel 6s '14..M-N
shares.
sales.
shares.
shares.
sales.
Chic A Alton 5s ’13
M-S
Cln flam A D 4s
9,864
$50,000
6,604
1,490
$33,500 C C O A St L 5s, 1013.J-J
June
21,222
82,000
30,284
8,739
37,800 Hudson Companies— '11
15,108
47.500
53,213
10,398
65,600
6s Oct 15 1911
A-0
15,422
100,000
62,621
15,922
23,000
6s Feb 1 1913
8,262
F-A
78,000
25,242
13,277
40,000 Interb H Tg6s
1811.M-N
12,968
48.500
55,477
15,446
217,200 K O RyALlgbt 6s T2.M-S
Minn A St L g 5s
82,846
'11.F-A
$404,000 233,441
65,272
$417,100 e N Y C Lines Eq 5s '10-22
4Hs Jan 1911-1925
N Y N fl A fl 5s '10-’12
St L A S F4 Hs'12
op.F-A
5s Mch 1 1913
M-S
“and interest" except where marked *'f »»
South Ry g 5s 1913..F-A
Tidewater 6s, 1913 guar
7,160
duPont(EI)deNemPo
1st g 5s June 1 '22 J-D
Short-Term Notes"
Saturday.
Monday
Tuesday
e
50
78
85
4H2
78
Diamond Match to.100
88*2
77*2
42*4
C6
50
25
Boston.
Listed
shares.
80
7o%
Bid
13
DavL-Daly Copper Co.lu
.
10th A 23d Sts
1st mtre 5s
EXCHANGES.
Nov. 18 1910.
73
Teiep & Teleg pf .100
Southern A Atlantic.. 25
„
.
40
and Telephone
Northwestern Teleg.
ePao
123
8612
..10,
100
2,443,970
4,273,525
151,887,959
Ferry Companies
189,411,160
$220,438,200 $380,495,250 $13,552,005,500 $17,368,145,600 B A N Y 1st 63 1911. J-J
N
Y
A E R
$54,600
$14,100
Ferry stk.100
$1,041,100
$173,250
1st 5s 1922...
M-N
-N Y A Hob 5s
$2,000
$9,000
$353,200
May '46.J-D
$702,200
Hob Fy 1st 5s 1946
571,0W>
39,011,550
M-N
4*3,569j
34,210,400 NY AN J
5s 1946
9,836,000
20.470,000
528,638,700
J-J
1,143.591.600
Par value
Bank shares, par
•
Bonds.
Government bonds
State bonds
RR. and misc. bonds
*
LXXXXI.
Industrial and Alt seel
Crucible Steel
I0i
e Preferred
....... J 00
9014
124
Teleg & Cable.100
Central & So Amer..100
Comm'l Un Tel (NY). 25
Emp & Hay State Tel. 100
Franklin i.
too
2
Gold A Stock
*2,000
Tele~_100
e
Pacino A
Ask
list
8Ji4
e
1,000
Jan. 1 to Nov. 18.
1910.
Bu
oa go
ot N J
1st ff 4s 1949
J-D
Western Power cord .100
Preferred
ioo
U. 8.
Bonds.
$45,000
86,000
73,000
148,500
96,000
123,000
...
Total
t
State
Bonis.
Bonds,
(
160,861
486,609
456,978
505,485
446,505
387,532
Preferred
United Elec
■
ending
Nov. 18 1910.
[VOL.
••
63
105
105
96
—
—
4
-
42
-
88*
613
list
1st 5s—S'-e Chic Stock
Exc list
Texas Company—See Stk Exch list
e Texas A Pacific
Coal 100
95
100
Title Ins Co of N Y...100
132
138
Tonopab Min (Nevada) 1
*8*4
Trenton Potteries com 100
4
Preferred,
new
Trow
.100
Directory..
100
Underwood Typew.—100
Preferred
..100
Union Typewriter 00ml00
1st preferred
100
2d
100
preferred
United Bk Note Corp- 50
Preferred
United Cigar Mfrs
50
100
100
100
100
...100
com
100
.100
.......100
......100
Preferred
United Copper-.
Preferred
U S Casualty—
e
0 S Envelope
Preferred
U S
Finishing
Preferred
1st g os 1919
J-J
Con g 5s 192 9
J-J
U S Steel Corporation-—
Col tr s f 5s '51
opt *11
Col tr s f 5s ’51 not
opt
U S Tit Du A Indem..100
eUtah Copper Co—See Stk
Westchester A Bronx Tit
A
41%
'
45
30
60
P
55
62*'
99*2 100
45
104
103
*49
*50
61%
49
108
107
52
52*j
64
100
5
108
200
50
220’
111
95
106
100
95
iu*
6
100
111
105
100
114% 115
114% 116
921]
Exc
list
Mtge Guar......100 165 5169
Westtngh’se Air Brake. 50 •T39
West El A Mfg 5s—-5«Stk Exc
list
Worthing Pump pref-lOo *103* r 106
Sale price,
x
Ex-div.
t/Ex-riehts.
-
THE CHRONICLE
Not. 19 l9io.|
1379
Investment and niaitcoact Intelligence.
rtAlLKOAU
cARNIinGS.
GrtOSS
The following table shows the gross earnings of every STEAM railroad from which regular weekly or monthly returns
be obtained.
The first two columns of figures give the gross earnings lor the latest week or month, and the last two
columns the earnings tor the period from July 1 to and including such latest week or month.
We add a supplementary
statement to show the fiscal year totals of those roads whose fiscal year doe3 not beg n with July, but covers some other
can
period
The relume of ths electric railways are brought together separately
Week or
Month.
Ala N O A Tex Pac
N O & Nor East.
Ala A Vicksburg.
Vicks Shrev A P.
Ala Tenn A North.
Atch Topeka A S Fe
Atlanta Blrm A Atl
Atlantic Coast Line
0 Baltimore A Ohio
B & O Ch Ter Kh
October
October
October
Current
Year.
295,938
169,199
134,620
__
..
oepiember
September
1st wk Nov
'September
September
September
Bangor A Aroostook September
Bellefonte Central.. October
Boston & .Maine
•September
Bridgeton A Saco R September
..
Buff Roch A PittsbBuffalo A Susq
Canadian Northern.
Canadian Pacific
Central of Georgia.
Central of New Jer.
ia wk
Nov
September
2d wk Nov
2d wk Nov
1st wk Nov
^eptemoer
Central Vermont
September
itn
wtcsepi
Chattanooga South.
Ches A Ohio Lines. 1st wk Nov
1st wk Nov
Chicago A Alton
Previous
Year.
335,826
164,777
137,773
8,393
(3,155
3,068,441
54,922
2,246,774
8.417.835
136,345
283,016
8,790
1,176,981
4,750
200,847
202,422
379,900
2,108,000
275,700
2,416,792
376,619
3,732,77C
55,930
2,173,130
7,933,581
95,403
249,332
6,687
1,083,948
4,389
187,020
236,890
369.800
2,130,000
266.800
2,228,711
349,338
2,080
550,158
232,514
7,806,73«
247,556
113,390
2,445
579,385
278,190
Current
Year.
Previous
1,159,559
1,125,792
605.423
555,014
479,785
17,414
5,434.887
888,099
5,880,7
519,033
23.K/G
26,159,331
953,535
6,464,586
24,515,627 22,677.892
407,932
285,909
726,400
694.467
31,069
21,062
12,130,577 11,658,849
16,022
15,353
3,822,132 3,631,484
593.853
663,683
5,962,900 4,821,700
41,964,760 36,817,193
4,568,951 4,323.635
7,227,399 .6,722,656
1,000,435
1,018,112
23,985
20,307
11,945,912 11,041,986
5,127 184
2,533,348
5,513,758
September
September
775,599 3.475,123
7.304.835 7,237,348 20,372,047
4,325,777
1,423,223
1,621,007
875,126 2,579,002
872.257
—See New
York Cen trai.
September
^eptemoer
September
195,990
350,400
70,733
13.964
1st wk Nov
July
September
Cornwall A Leban.. September
Copper Range
.
September
September
September
2d wk Nov
1st wk Nov
1st wk Nov
1st wk Nov
1st wk Nov
September
4th wk Oct
—
_
_
Det Gr Hav A MU
Canada Atlantic.
Great Northern Syst
Gulf A> Ship Island
Hocking VaUey_
_ _ _
IUlnols Central....
Internat A Ot Nor.
a Interoceanlo Mex.
Iowa Central
Kanawha A Mich..
Kansas City South.
K C Mex A Orient.
Lehigh ValleyLexington A Bast..
Long Island
Louisiana A Arkan.
Loulsv Hend A St L
s Loulsv & Nashv..
Macon A Blrm’ham
Maine Central
Maryland A Penna.
a
a
Mexican Railway.
Mexico Nor West.
Michigan Central
Mineral Range
Mlnneap & St Louis
Minn St P A S S Ml
Chlca?ro Division!
4th wk Oct
4th wk Oct
19,738*374
3,767,217
2,450,626
231,323
350,976
77,920
554.198
6,333,915
70,733
14,633
48,218
103,251
631.191
5,263,884
77,920
42,624
71,382
75,139
way,
924,271 17,175,119 17,189,426
161,067 1,965,521 2,095.587
662,531
685,876
65,041
666.874
725,752
68,817
6,401,109 7,253,966 24.364,061
476,017
177,432
September
160.657
760,644 2,186.401
September
770,751
October
5,406,769 5,301,602 20,612,729
2d wk Nov
207,000 3,628,419
202,000
2d wk Nov
147,888 3,102,423
152,124
1st wk Nov
75,180 1,226,686
63,064
891,824
229,382
September
313,402
734,165 2,576,335
876,588
September
1st wk Nov
703.261
39,500
45,000
September 3,010,765 2,887,555 9.024.981
133.736
39,182
September
46.398
Inc.197,
September
Inc.27, 091
363,548
110,214
September
120,030
317.667
105,849
September
116,171
1st wk Nov 1,102,970 1,038,715 19,307,382
October
51,184
16,785
15,626
828,413 2,505,211
860.258
September
120,801
September
43.964
40,376
3d wk Oct
134.400 2,571,000
145,800
555,756
September
103,136
183,875
October
623,514
6,016,367
113,738
38,156
30,403
484,536
158,898
190.880
4,867,835
1,763,208 1,618,919
3,046,594 2,940,504 9,136,527 8,995,928
9,418,729
502.400
9,777,458
517,000
474.924
432,831
23,561
25,707
776,928
592,230
32,656
40,838
724.643
671,718
39,392
44,756
441,086
448,145
22,527
23,058
4,204,335
3.594,055
1.454.173
1.138,620
99,987 1,244,024 1,225,719
92,943
554,495 1,768,244 1.743.579
581,221
5,112,179 4.875.173 15,115,959 13.714.456
6,116
5,619
1,995
2,017
250.468
277,334
79.507
84,185
697,560
725.925
268,287
266,710
September
September
September
Fonda Johns A Glov September
Georgia Railroad. September
Georgia South A Fla —See Sout hem Rail
Grand Trunk Syst- 2d wk Nov
899,760
Grand Trk West 4th wk Oct
172,766
—
17,057,384
1,162.399
Cornwall
Cuba Railroad
Delaware A Hudson
Del Lack A West.
Denv A Rio Grande
Denver N W A Pac.
Det Tol A Iront Sys
Ann Arbor
Detroit A Mackinac
Dul A Iron Range.
Dul Sou Sh A Atl..
El Paso A Sou West
Erie
FalrchUd A Nor E.
4,222,020
2,196,047
..
24,943,156
491,290
1,992.264
19,294.070
3,285,782
2.933.580
1,243,280
681,580
2,156,773
608,874
8.568,324
116,526
17,963,432
52.559
■
._
See New York Cen tral.
4th wk Oct
17,606
24,326
1st wk Nov
125,119
119,714
1st wk Nov
483,987
530,032
*,494.157
109,445
2.378,000
288,346
-
Mississippi Central. September
79,273
254,111
2,059,262
8,736,683
230,437
72,175
296,974
1,951,728
9,342,317
195,991
Mo Kan A Texas. October
3,111,828 2,856,104 10.203.852 9,425,146
Mo Pac A iron Mtl
Central Branch./ 2d wk Nov 1,092,000 1,090,000 20,730.094 20,375.961
Nashv Chatt A St L September
934,410 2,854.041 2.781,413
970,828
a Nat Rys of Mex*. 2d wk Nov 1,206,557 1,123,009 23,495,716 20.380.437
204,964
6.896
9,668
159,665
Nevada-Cal-Oregon. 1st wk Nov
16,449
Nevada Central
6,867
18,110,
6,046
September
312,792
N O Great Northern September
436,498
105,979
143,024
N O Mobile A Chic. Wk Nov 5
527,151
602,992
37,451
36,414
N Y Ont 6b Western teptember
826,343
713,930 2,739,215 2,432.353
u
__
AGGREGATES OF GROSS
Weekly Summaries.
ith
1st
2d
5d
4th
week Aug
week Sept
week Sept
week Sept
week Sept
1st week Oct
2d week Oct
3d week Oct
4th week Oct
1st week Nov
(39 roads)....
(41 roads)....
(39 roads)
(40 roads)....
(46 roads)....
(42 roads)
(42 roads)....
(42 roads)—..
(46 roads)....
(41 roads)
Cufnt Year Prev’s Year Inc.
3
19,342,788
13,436,925
13,898,196
14,164,775
19,035,149
14,399,649
14,838,200
15,114,758
20.827,936
14,198,835
or
Dee.'
12.381.354
N Y N H & Hartf..
N Y C A Hud Riv
Lake Shore A M S
n Lake E & West
Cliic Ind & South
e
Michigan Central.
Cieve C C & St‘L_
Peoria A Eastern
Cincinnati North
Pitts & Lake Erie
Rutland
N Y Chic & St L.
Toledo & Ohio C_
Tot aU lines above
N Y Susq A West..
Norfolk Southern.
Norfolk A Western.
Northern Central-_
Northern Pacific
Pacific Coast Co
_
Pennsylvania Co
+884,171
598,420
+814,119
+375.833
+ 679,365
+ 602,475
+623,798
13,836,545
+362,290
+
September
d Penn—E of P A E September
d West of P A E. September
Pere Marquette
October
._
Phila Balt A Wash.
Pitts Cln Ch A St L_
5,665,765
5,349,556
4,487,125
532,663
269,734
2,634,249
2,792,529
363,304
128,886
1,537,471
340,018
936,075
516,241
23887851
Current
Year.
Previous
Year.
3
5,354,172 16,475,341 15.552,160
5,860,782 26,804,142 25,175,649
4,269,028 13,187,251 12,486,004
516,505 1,507,474 1,404,617
282,59/
779,575
819,637
2,557,816 7,915,489 7,252,566
2,623,288 7,990,364 7,541,025
300,935
974,583
831,983
124,582
366,867
331,751
1,533,378 4,670,308 4,452,703
301,244
882,375
966,770
844,017 2,783,405 2,554,147
412,076 1,485,0561 1,163,374
22 626248 69,431,284 34,895,831
316.249
910,608
801,991
209,774
€92,005
633,672
3,033,344 9,290,862 8,507,651
1.091,519 3,220,470 3,115,670
7.589,339 19,123,078 21,198,295
306,088
227,880
3,220,664
1,121,819
3,617,992
753,157
714,352 2,337,542 2,271,721
5,154,607 4,962,54/ 15,269,697 14,067,027
14267059 13844559 42,023,623 10.305.323
Inc.476, 000
Jnc.2,162, S00
1,453,527 1,509,464 5,716,375 5,549,902
1,672,090 1.572,890 5,186,295 4,601,695
3,168,548 2,914,635 8,976,118 8,126,621
12,538
10,866
36,816
34,270
September
September
Raleigh &Southport September
Reading
Company
Phila & Reading- September 3,830,102 3,677,901 10,888,775 10,280,763
Coal & Iron Co.. September 2,286,628 2,037,895
5,686,397 5,415.154
Total both cos..' September 6,116,730 5,715,796 16,575,172 15,695,918
Rich Fred A Potom September
176,133
143,901
550,070
481,534
.
Rio Grande June
August
Rio Grande South.. 1st wk Nov
Rock island Lines.
September
St Job 6b Grand Isl. August ...
St Louis A San Fran September
Chic 6b East HI.. September
/Evans 6b Ter H September
Total of aU lines. September
St L Rky Mt 6s Pac September
St Louis Southwest 2d wk Nov
San Ped L A 6s S L September
Seaboard Air Line.-}
Atlanta A Blrm. f 1st wk Nov
Florida W ShoreJ
Southern Indiana.. September
Southern Pacific Co September
Southern Railway. 1st wk Nov
Mobile A Ohio
1st wk Nov
Cln N O A Tex P_ 1st wk Nov
Ala Great South. 1st wk Nov
Georgia Sou 6b Fla 1st wk Nov
Texas A Pacific
2d wk Nov
Tidewater A West. September
Toledo Peor 6b West 1st wk Nov
Toledo St L 6b West 1st wk Nov
97,160
85,845
186,896
171,365
12,350
15.181
233,880
162,989
5,249,659 5,973,175 17,659,878 17,366,909
165,591
154.407
306,813
296,495
3,761,537 3,636.202 10,746,749 10,498,873
1,072,884
990,667 3,106,628 2,813,877
256,351
220,513
753,588
645,349
5,090,773 4,847,383 14,606,965 13,958,099
177,848
143,1171
512,920
420,470
295,980
256,190 4,662,601 4,307,120
634,845
655,492 1,898,160 2,118,782
465.869
442,676
6,940,196
6,469.235
155,996
120,762
474,496
346,357
11929727 11531903 34,893,657 33,657,218
1,277,522 1,246,822 21,581.938 20,413,383
200,743
211,455 3.741.720 3,593,305
184,036
178,223 3,377,120 3,065,235
78,765
75,891 1,591,041 1,360,895
45,838
833,932
51.181
788,176
371,683
356.249 6,168,389 5,792.800
7,242
6,748
21,622
19,789
20,875
17,980
481,432
421,073
79,578
80.231 1.398.254 1.385,309
6,741
6,230
Tomblgbee Valley. September
21,039
18,851
Union Pacific Syst. September 8,609,636 8,100,373 25,005,765 23,583,841
Vandalia
973,067
863.432 2.795.721 2,391,013'*
September
310.068
107,181
102,443
305.077
Virginia 6b Sou West September
2d wk Nov
Wabash
567,048
585,804 11,849,102 11,249,740
Western Maryland. August
702,582
577,598 1,337,698 1,122,655
W Jersey 6b Seash.. September
714,908
622.408 2,482,839 2.205,439
October
Wheeling 6b' Lake E
612,581
619,874 2,580,589 2,471,015
37,270
32,710
70,920
Wrtghtsvllle 6b Tenn September
72,626
Yazoo 6b Miss Vail. October
951,865 1.024,095 3,134,766 3,174,137
.
_
...
..
Various Fiscal Years.
Jan
Jan
Jan
Jan
Jan
to
Sept
Jan
Jan
370.343
Nov
350,314
14,899,136 14,165,202
Oct
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Deo
Jan
Cincinnati Northern
Pittsburgh 6b Lake Erie
...
Oct
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Sept
Aug
Peoria 6b Eastern..-.
Rutland
New York Chicago 6b St Louis
Toledo 6b Ohio Central
Total all lines
Northern Central
d Penn—East of Pittsb A Erie
d West of Pittsb 6b Erie...
Phila Baltimore 6b Washington
Pittsb Cin Chicago 6b St Louis.
Rio Grande Junction
Texas 6b Pacific
West Jersey 6b Seashore
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Jan
Jan
Jan
Jan
Jan
Jan
Jan
Chicago Indiana 6b Southern.
Michigan Central
;
Cieve Cln Chloago 6b St Louis
to
Previous
Year.
Current
Year.
Period.
Bellefonte Central
Delaware 6s Hudson.
a Mexican Railway
a Mexico North Western
e N Y Central 6b Hudson River
Lake Shore A Michigan South
n Lake Erie 6s Western......
%
+2,577,046 15.37
+1,055,571 8.52
13,014,025
13.566.355
18.221,030
14.023.816
14,158,835
14,512,278
20,204,138
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
September
July 1 to Latest Date.
Previous
Year.
6,750,000
6,098,900
1,624,647
906,095
73,774.940 67,749,419
36,900,379 32,731.112
4,078,355 3,571,958
2,705.334 2.246.321
21,902,894 19.842,936
22,171,632 20,049,047
2.566,342 2.168,335
956,833
856,382
12,953,927 10,235.345
2,443,115 2,252,433
8.232.928 7,225,620
3,650,743 2,792,911
192337422
171721819
9,410,864
8,826.764
110448172
Inc.11,54 2,600
122447572
14,268,706 13,066,906
25,767,809 21,716,721
742,713
669,254
13.599,055 12.410.968
5,082,791 4,603,801
EARNINGS—Weekly and Monthly.
3
3
16,765,742
Cutren
Year.
Week or
Month.
ROADS.
494
316,364
292,254
page.
l atest Gross Earnings.
Year.
Chic Burl A Quines September 3,395,269
23,849,678
4,682,093
256,726
V Chic Great West. 1st wk Nov
Chlo Ind A Louisv. 1st wk Nov
2,372,643
115,877
Chic Ind A Southern —See New York Cen traj.
Chic Mil A St Paul. September 6,504,203 6,287,926 17,844,045
Ch MU A Pug Sd.
Chic A North West.
Chic St P M A Om_
Cin Ham A Dayton
Clev Cln Chic A St L
Colorado Midland..
Colorado A South..
subsequent
July 1 to Latest Dale.
Lutes', Gross Earnings.
ROADS
on a
6.80
4.41
4.47
2.68
4.80
4.15
3.06
2.61
Monthly Summaries.
Mileage Curr. Yr.
.236,758
January
.236,852
February
..
-
March
April
May
June
...
.....
July
.235,925
.237,569
.237,560
.238,108
.238,169
.234,805
August
September. .233.428
October
.
81,498
Current
Yr. Previous Y
.
Inc.
or
Dec.
Prev. Yr.
231,362 210,302,219 182,649,825 +27,652,394 15.14
231,652 202,258,490 174,159,723 +28,098,-767 16.15
230,841 237,533,005 204,916,997 +32,616,008 15.92
232,463 225,225,596 196,595,911 +28,629,685 14.56
232,494 234.310,642 201.069,381 +33,241,261 16.58
232*054 237,036,159 209,270,887 + 27,765,272 13.27
233,203 230,615.776 217,803,354 + 12,812,422 5.90
230,925 251,505,986 223,666,645 + 17,839,341 7.63'
229.161 252,711,515 242,562,898 + 10,148,617 4.19
79,146 69,014,101 67,173,773 + 1,840,328 2.14
Commission, f Includes Evansville A
fa Mexican currency, d Covers lines directly operated, e Includes the New York A Ottawa, the St.OhioLawrence
8bIncludes
Adirondack
and the
Ottawa A
earnings
RR.
ot MasonOlfty
Cincinnati from Nov- 1909.
\. Y. Ry., the latter of which, being a Canadian road, does not make returns to the Inter-State Commerce
ndlana HR.
g Includes the Cleveland Lorain A Wheeling Ry. In both years,
n Includes the Northern
9b Ft Dodge and Wise Minn. 8b Paciflo.
s Includes Louisville 8b Atlantic from July 1 1909 and the Frankfort
lludes the Mexican International from July 1910.
u
Includes the Texas Central in 1910.
-
8b
V
1
f In*
THE CHRONICLE
Latest Gross Earnings by Weeks.—In the table which
follows we sum up separatel y the earnings for the first week of
November. The table covers 41 roads and shows 2.61%
increase in the aggregate over the same week last year.
First Week of November.
1910.
Alabama Great Southern
Atlanta Birmingham & Atlantic
Buffalo Rochester & Pittsburgh
Canadian Northern
Canadian Pacific
Central of Georgia
Chesapeake & Ohio Lines
Chicago & Alton
Chicago Great Western
Chicago Ind & Louisville—
Cin New Orl & Texas Pacific
Colorado & Southern
Denver & Rio Grande
Denver Northwestern & Pacific
Detroit & Mackinac
Detroit Toledo & Ironton—
1
Ann
Arbor
Georgia Southern & Florida
Grand Trunk of Canada
Grand Trunk Western
Detroit Grand Haven & MilCanada Atlantic
International & Great Northern
Interoceanlc of Mexico
Iowa Central
Kansas City Mexico & Orient-_
Louisville & Nashville
Minneapolis & St Louis
Minn St P & S S M
1
Chicago Division
Missouri Pacific
Mobile & Ohio
National Railways of Mexico
$
75,891
55,930
187,020
340,300
2,113,000
266,800
550,158
232,514
247,556
113,390
178,223
350,976
501,000
23,561
22,528
32,656
39,392
$
2,874
*6*853
530
902,197
176,000
115,790
63,064
45,000
1,102,970
119,714
483,987
191,000
115,621
75.180
39,500
1,038,715
125,119
530,032
1,048,000
200,743
1,126,810
6,896
12,350
288,525
465,869
1,277,522
355,519
20,875
79,578
636,632
1,125,000
211,455
5.343
223
15,000
169
12*116
5,500
64,255
5,405
46,045
Nevada-California-Oregon
1,054,396
9,668
15.181
276,750
442,676
1,246,822
348,920
17,980
80,231
608,026
14,198,835 13,836,545
77,000
10,712
72,414
'2,772
2,831
11,775
23,193
30,700
6,599
2,895
653
28,606
544,451
362,290
182,161
Net Earnings Monthly to Latest Dates.—In our
“Railway
Earnings” Section, which accompanies to-day's issue of the
“Chronicle” as a special supplement, we print the
September
returns of earnings and expenses (or in the absence of the
September figures those for the latest previous month) of
every steam-operating railroad in the United States which is
obliged to make monthly statements to the Inter-State
Commerce Commission at Washington.
The Inter-State Commission returns
are
all
on a
uniform
basis, both as to revenues and expenditures, and possess
special utility by reason of that fact. In a number of
instances these figures differ from those contained in the
monthly statements given out by the companies themselves
for publication, and in which the accounts are
prepared in
accordance with old methods of grouping and classification
pursued in many instances for years. We bring together
here
(1) all the roads where there is a substantial difference
between the two sets of figures, so that those
persons who
for any reason may desire to turn to the
company statements
will find them readily available.
We also give
(2) the re¬
(even where the figures correspond
exactly with those in the Inter-State Commerce reports)
which go beyond the requirements of the
Commission and
publish their fixed charges in addition to earnings and ex¬
penses, or (3) which have a fiscal year different from that of
the Inter-State Commerce Commission,
in which latter case
we insert the road so as to show the
results for the company's
own year.
We likewise include (4) the few roads which
operate entirely within State boundaries, and therefore do
not report to the Federal
Commission, and (5) Mexican and
Canadian companies.
We add (6) the roads which have
issued their own statements for
September, but have not yet
filed any returns for that month with the
Commission.
Finally (7) we give the figures for any roads that have
already submitted their October statement.
turns
of
such
roads
Gross Earnings
Current
Previous
Year.
Year.
Roads.
$
s
Net Earnings
Current
Previous
Year.
Year.
$
s
Atch Top & Santa Fe.b.Sept 9,068,441
8,732,776 ^3,454,775 43,286.819
July 1 to Sept 30
26,159,339 25,434,887 49,736,186 49,747,485
Baltimore & Ohio.b
Sept 8,418,835 7,933,581 2,807,190 3,010.560
July 1 to Sept 30
24,515,627 22,677,892 7,747,081
8,031,705
Bangor & Aroostook
Sept*
283,016
249,032
120,823
99 014
July 1 to Sept 30
726,400
694,467
244,975
276)335
Bellefonte
Central.b
Oct
8,790
6,687
3,446
1,511
Jan 1 to Oct 31
70,343
50,314
_
16,480
4,750
4,389
1,729
16,022
15,353
6,879
Buffalo Roch & Pitts.b.Sept
832,575
819,520
357,157
July 1 to Sept 30
2,480,254 2,431,313
981,836
Canadian Northern
Sept 1,279,900 1,076,800
381,200
July 1 to Sept 30
3,598,000 2,727,400
992,400
Canadian Paciflc.a
Sept 9.315,214 8,323,178 3,911,600
July 1 to Sept 30
27,439,760 22,890,193 11,087,892
Central RR of N
J_b--Sept 2,416,792 2,228,715
982,906
July 1 to Sept 30—
7,227,899
6,722,657 2,972,315
Ches & Ohio Lines
.Sept 2,961.332 2,732,275 1,084,643
July 1 to Sept 30
8,599,355 7,784,876 3,191,375
Chicago Great West b__Sept 1,127,720
980.127
315,345
July 1 to Sept 30
3,179,914
2.859.294
898,516
Colorado Midland a----Sept
195,990
231,323
34,102
July 1 to Sept 30.
554,198
623.514
86,996
Colorado & Southern b.Sept
1,537,102 1,403.600
577.350
July 1 to Sept 30
4,363,998 4,055,467 1,459.804
Copper Range.b
July
70,733
79.920
20,880
HR ------------CubaTJuly
Sep t
190,880
158,898
71,847
1 to Sept 80
631,191
484,536
274,771
Bridgeton & Saco River.Sept
July 1 to Sept 30
--
,
4,168
1,737
6,934
325 953
995,274
311.500
745,500
3,431,890
8,875.819
949,039
2,970,502
1,133,091
3,221,667
309,230
783,689
46,783
102,202
541,830
1,520.726
36,544
56,394
156,506
5
Hudson_b-Sept 1,763,208
Grand Trunk of Canada—
Grand Trunk Ry
Sept 3,217,730
July 1 to Sept 30
8,823,938
Grand Trunk West’n.Sept
529,475
July 1 to Sept 30
1,421,991
Det Gr Hav &
Milw__Sept
July 1 to Sept 30
lxxxxi.
Net
Earnings
Previous
Year.
Current
Year.
$
$
$
682,150
5,827,953
690,253
2,096,590
112,547
355,658
1,419,782
4,605,506
672,993
5,454,199
668,823
2,046,973
1,618,819
Erie.a
Sept 5,112,179 4,875,173
July 1 to Sept 30
15,115,959 13,714,456
Georgia RR-b--Sept
266,710
268,287
July 1 to Sept 30
725,925
697,560
V.008
8,182
5,364
&
Earnings
Jan 1 to Sept 30
14,899,136 14,165,202
Denver & Rio Grande.a.Sept 2,257,611
2,131,739
July 1 to Sept 30
6,507,758
6,168,929
Duluth So Sh & Atl.b.-Sept - 299,155
310,502
July 1 to Sept 30
947,617
904,176
$
2,700
,
Delaware
576
51,181
902,420
„
Decrease.
2,146
Gross
Current
Year.
Roads.
16,900
154,000
8,900
29,227
45,676
9,170
2,487
5,813
J
Rio Grande Southern
St Louis Southwestern
Seaboard Air Line
Southern Railway
Texas & Pacific
Toledo Peoria & Western
Toledo St Louis & Western
Wabash
Total (41 roads)
Net increase (2.61%)
Increase.
1909.
$
78,765
54,922
193,873
357,200
2,267,000
275,700
579,385
278,190
256,726
115,877
184,036
350,400
498,300
25,707
23,058
40.838
44,756
45.838
IjVoi*.
3,058,109
8,717,848
520,715
1,567,986
180,061
503,196
189,307
528,988
72,836
132,648
948,481
2,514,034
127,502
284,690
36,985
49,637
17,033
11,680
1,278,417
3,392,226
Previous
Year.
120.342
312.883
1,361,939
3,766,034
92,674
164,485
951,401
2,508,681
156,214
482,756
54,991
123,851
29,199
40,392
184,927
462,804
Canada Atlantic
Sept
175,681
July 1 to Sept 30
464,751
Illinois Central.aSept 5,209,842 4,791,579
925,268
July 1 to Sept 30
_15,145,960 13.992,468
2,149,738
a Interoceanlc of Mexico
Sept
632,001
615,046
214,794
196,142
July 1 to Sept 30
2,094,694
1,941,512
773,465
608.838
Kansas City South'n. b-Sept
876,588
734,165
338,980
249,099
July 1 to Sept 30
2,576,335 2,156,773
959,108
695,784
Long Island
Sept
Inc 27,091
Dec 73,376
Jan 1 to Sept 30
Inc 609,615
Dec 49,840
Louisiana & Arkansas,a Sept
120,030
110,214
36,941
42,466
July 1 to Sept 30
363,548
316,364
129,255
108,042
Louisv Hend & St L.a.Sept
116,171
105,849
36,260
28,478.
July 1 to Sept 30
317,667
292,254
82,444
78,460
g Mexico North West.a.Sept
183,875
103,136
100,502
44.541
Jan 1 to Sept 30
1,624,647
906,095
908,483
291.332
Mineral Range.b
Sept
65,284
74,966
1,147
15,568
July 1 to Sept 30
187,785
224,932
def7,980
42,291
Minn St Paul&SSM.a.Sept 1,270,737
1,669,434
518,990
858.030
July 1 to Sept 30
3,682,800 4,018,060
1,412,090
1,754,997
Chicago Dlvlslon.a
Sept
790,250
732,530
220.139
231,941
July 1 to Sept 30
2,407,976
2,180,808
707,184
753,507
Mississippi Central.b
Sept
79,273
72,175
32,723
37,340
July 1 to Sept 30
230,437
195,991
98,087
85,139
Missouri Kans & Tex.b-Sept 2,654,054
2,475,819
846,887
922,605
July 1 to Sept 30
7,092,024
5,569,042
1,939,014 2,265,919
Missouri Paclflc-b
Sept 4,739,400 4,663,838
1,102,057 1,582,775
July 1 to Sept 30
13,605,094 13,246,961
3,270,906 4,119,733
0 National Rys of Mex_.Sept 5,124,243
4,388,906
2,025,356
1,555,849
July 1 to Sept 30
15,589,379 13,379,158 6,286,115 5,120,333
Nevada-Cal-Oregon b
Aug
41,349
44,722
21,096
25,159
Juy 1 to Aug 31
73,729
88,550
36,138
50,938
New Orl Great Nor_a--Sept
143,024
105,979
55,212
40,073
July 1 to Sept 30
436,498 , 312.792
177,292
101,628
c N Y Cent & HudRIv.b Sept 9,349,556
8,860,782 3,096,775 3,134,023
Jan 1 to Sept 30
-.73,774,940 67,749,419 19,331,879 20,441,473
Lake Sh & Mich So.b.Sept 4,487,125
4,269,028
1,567,912
1,758,995
Jan 1 to Sept 30
__36,900.379 32,731,112 11,341,665 12,313,698
e Lake Erie &
West-b-Sept
532,663
516,505
142,997,
183,106
Jan 1 to Sept 30
4,078,355
3,571,958
929,254
707,916
Chic Indiana & So.b.Sept
269,734
282,597
32,007
77,248
Jan 1 to Sept 30.
2,705,334
2,246,321
642,461
478,843
Michigan Central.b--Sept 2,634,249 2,557,816
681,951
948.826
Jan 1 to Sept 30
21,902,894 19,842,936 6,130,387 6,245,016
Clev Cin Chic & StL b Sept 2,792,529
2,623,288
733,395
934,912
Jan 1 to Sept 30-_
22,171,632 20,049,047 5,000,388 5,743,541
Peoria & Eastern_b-_Sept
363,304
300,935
127,541
109,599
Jan 1 to Sept 302,566,342
2,168,335
718,393
621,890
Cincinnati Northern b Sept
128,886
124,582
33,440
41,357
Jan 1 to Sept 30
956,833
856,382
201,252
189,874
Plttsb & Lake Erie.b.Sept 1,537,471
1,533,378
857,088
958,516
Jan 1 to Sept 30
12,953,927 10,235,345
7,080,772
5,620,607
Rutland.b
Sept
340,018
301,244
123,761
118.484
Jan 1 to Sept 30
2,443,115
2,252,433
729,105
658,904
N Y Chic & St L-b--Sept
936,075
844,017
267,098
300,809
Jan 1 to Sept 30
8,232,928
7,225,620 2,506.503
2,197,306
Toledo & Ohio Cent.b Sept
516,241
412,076
246,088
176.485
Jan 1 to Sept 30
3,650,743
2,792,911
1,319,612
832,160
Total all lines.b
Sept 23,887,851 22,626,248 7,910,053 8,742,357
Jan 1 to Sept 30
192,337,422 171721,819 55,931,671 56,051,228
N Y Ont & West.a
Sept
826,343
713,930
268,355
158,559
July 1 to Sept 30
2,739,215 2,432,353
1,032,647
786,158
N Y Susq & Western.a-Sept
306,088
316,249
84,210
78,098
July 1 to Sept 30
910,608
801,991
237,745
197,650
Norfolk & Western_b.-Sept 3,220,664
3,033,344
1,292,034
1,316,123
July 1 to Sept 30
9,290,862
8,507,651
3,481,264
3,577,341
Northern Central.b
Sept 1,121,819 1,091,519
247,713
253,413
Jan 1 to Sept 30
9,410,864
8,826,764
1,728,205
1,696,1Q5
Pacific Coast
Sept
753,157
714,352
162,513
175,908
;
July 1 to Sept 30
2,337,542
2,271,721
561,987
607.622
Pennsylvania—Lines directly operated—
East of Pitts & Erie. .Sept 14,267,059 13,844,559
4,456,477
4,571,477
Jan 1 to Sept 30
122,447,572 110448,172 33,102,001 31,706,401
West of Pitts & Erie.-Sept
Inc
476,000
Dec 268,300
Jan 1 to Sept 30
Inc 11,542,600
Inc 980,700
Pere Marquette, b
Oct 1,453,527 1,509,464
340,555
541,020
July 1 to Oct 31
5,716,375
5,549,902 1,542,130 1,830,663
Phila Balto & Wash
Sept 1,672,090 1,572,890
419,466
511,166
Jan 1 to Sept 30
14,268,706 13,066,906
3,313,886 3,261,286
Pitts Cin Chic & St L.a.Sept 3,168,548
2,914,635
890,948
984,280
Jan 1 toSept 30
25,767,809 21,716,721
5,443,009 5,519,985
Reading Company—
Phila & Readlng.b
Sept 3,830,102 3,677,901
1,381,018 1,552.451
July 1 to Sept 30
.10,888,775 10,280,763
3,773,696 3,851,090
Coal & Iron Co.b
Sept 2,286,628 2,037,895 def39,144 def70,971
July 1 to Sept 30------ 5,686,397 4,415,154 def394,804 def227,087
Total both cos.b
Sept 6,116,730 5,715,796
1,341,874
1,481,530
July 1 to Sept 30
16,575,172 15,695,918
3,378.892 3,624,004
Reading Company.--Sept
148,975
150,119
July 1 to Sept 30
438,098
443,486
Total all cos
Sept
1.490,849 1,631,649
July 1 to Sept 80
3,816,990 4,067,490
Rio Grande Junction
Aug
97,160
85,845
n29,148
n25,753
Dec 1 to Aug 31
742,713
669,254
n222,814
n200,776
Rio Grande Southern.b-Sept
57,542
24,804
det 590
22,095
July 1 to Sept 30
167,122
119,061
60,565
30,399
Rock Island Ltnes-b —Sept 6,249,659
5,973,175
1,876,584 2.048,685
July 1 to Sept 30
17,659,878 17,366,909
5,000,403
5,954,392
St Louis & San Fran.b-Sept 3,761,537
3,636,202
1,235,302
1,134,942
July 1 to Sept 30-10,746,749 10,498,873 3,430,376 3,281,834
Chic & Eastern Ill.b-Sept 1,072,884
990,667
348.995
361.006
July 1 to Sept 30
3,106,628 2,813,877 1,023,585
1.042.176
Evansv & Terre H.b.Sept
256,351
220,513
105,834
97,738
July 1 to Sept 30
753,588
313,248
645,349
289,372
Total all llnes.b
Sept 5,090,773 4,847,383 1,690,132 1,593,686
July 1 to Sept 30
14,606,965 13,958,099 4,767,209 4,613,382
-
...
.
,
-
Nov. 19
THE CHRONICLE
1910.]
—Gross
Current
Roads.
Net Earnings
Current
Previous
Year.
Year.
Earnings—
Previous
Year.
Year.
£
64,894
$
-
Toledo Peor & West-b-..Oct
106,927
119,511
29,474
29,805
460,557
403,093
118,224
114,583
July 1 to Oct 31_
Union Paclfic.a
8,100,373
3,883,863
4,257,373
_S6pt 8,609,636
25,005,765 23,583,841 10,995,206 12,226,694
July 1 to Sept 30.
Westem Maryland _a.. -Aug
702,582
577,598
r279,978
r224,983
1,337,698
1,122,655
r525,391
July 1 to Aug 31
r428,821
West Jersey & Seashore .Sept
714,908
622,408
239,002
227,202
Jan 1 to Sept 30.
5,082,791
4,603,891
1,306,857
1,345,157
Wlchlta Falls & N W.b _Sept
66,252
39,504
41,255
28,246
109,825
184,218
108,373
July 1 to Sept 30_
71,932
612,581
619,874
Wheeling & Lake Erie __Oct
163,905
191,624
2,471,015
2,580,589
July 1 to Oct 31_
867,600
781,937
Yazoo & Miss Valley.a -Sept
791,358
763,143
78,786
52,768
2,182,901
2,150,042
July 1 to Sept 30.
168,019
def9,324
.
QUARTERLY RETURNS.
Gross Earnings
Roads.
N Y N H & Hartford .1
July 1 to Sept 30Jan 1 to Sept 30.
Current
Year.
Previous
Year.
3
$
Net Earnings
Previous
Year.
$
$
Current
Year.
16,475,341 15,552,160 6,319,242
6,338,282
46,087,945 42,248,995 16,189,282 15,696,618
Net earnings here given are after deducting taxes,
b Net earnings here given are before deducting taxes.
c Includes the N. Y. & Ottawa, the St. Lawrence & Adirondack and the
Ottawa & N. Y. Ry., the latter of which, being a Canadian road, does not
a
make returns to the Inter-State Commerce Commission.
e Includes the Northern Ohio RR.
g These results are In Mexican currency.
J The company now Includes the earnings of the Atch. Top. & Santa Fe
Ry., Gulf Colo. & Santa Fe Ry., Eastern Ry. of New Mexico System,
Santa Fe Prescott & Phoenix Ry., Southern Kansas Ry. of Texas, Texas
& Gulf Ry., G. & I. Ry. of T. and C. S. S. & L. V. RR. In both years.
For Sept, taxes amounted to 3301,564, against 3306,421 In 1909; after de¬
ducting which, net for Sept. 1910 was 33,153,211, against 32,980,398 last
year.
For period from July 1 to Sept. 30 taxes were 3942,352 In 1910,
against 3862,334 In 1909.
n These figures represent 30% of gross earnings.
r After allowing for miscellaneous receipts and net from
coal and other
departments, total net earnings for Aug. 1910 were 3300,746, against
3254,682 in 1909; and from July 1 to Aug. 31 were 3563,144 in 1910,
against 3492,211
in 1909.
Interest
Charges and Surplus.
—Int., Rentals, Ac.—
Current
Year.
Roads.
Bangor & Aroostook
Sept
Bellefonte Central.
Jan 1 to Oct 31
$
97,453
284,757
Oct
-
Bridgeton & Saco River. Sept
July 1 to Sept 30
2,360
2,430
598
596
1,795
1,866
164,857
493,939
__
-
_
-
N. Y. Ontario & West.-Sept
122,118
July 1 to Sept 30
355,231
Norfolk & Western
Sept
501,423
July 1 to Sept 30_>
1,507,910
Pere Marquette
Oct
352,872
July 1 to Oct 31
1,456,551
Sept
Rio Grande Junction
Dec 1 to Aug 31
Aug
Rio Grande Southern
Sept
July 1 to Sept 30
St L Rocky Mt & Pac__Sept
July 1 to Sept 30
St Louis Southwest’n
Sept
July 1 to Sept 30
Toledo Peoria & West
Oct
July 1 to Oct 31
%
84,577
249,460
243
Chicago Great Western.Sept
205,894
July 1 to Sept 30
$01,495
Colorado Midland
Sept
29.820
July 1 to Sept 30
89.460
Colorado & Southern
Sept
268,368
July 1 to Sept 30
794.689
Copper Range
July
15,712
Cuba RR
Sept
36.667
July 1 to Sept 30
110,000
Denver & Rio Grande. _Sept
525,834
July 1 to Sept 30.
1,473,322
Duluth So Sh & Atl
Sept
96,821
July 1 to Sept 30
290,175
Georgia RR
Sept
77,979
July 1 to Sept 30
263,211
Louisiana & Arkansas. Sept
26,703
July 1 to Sept 30
81,417
Loulsv Hend & St Louis Sept
21,567
July 1 to Sept 30
52,822
Mineral Range
.Sept
13,044
July 1 to Sept 30
3,947
Missouri Kansas & Tex.Sept
610,529
July 1 to Sept 30
1,785,483
Nevada-Cal-Oregon
Sept
3,749
July 1 to Sept 30
7,377
New Orl & Great Nor
Sept
41,746
July 1 to Sept 30
125,441
Reading Company
July 1 to Sept 30
.
236
Buffalo Roch & Plttsb-.Sept
176,663
July 1 to Sept 30
530,994
Central RR of N J
529,038
Sept
July 1 to Sept 30;.
1,580,949
...
Previous
Year.
885,000
2,655,000
8,333
75,000
19,236
58,291
31,877
98,248
170,167
508,397
26,001
101,026
578,543
1,646.297
207,237
783,532
29,820
—Bal. of Net E’ngs.—
Current
Previous
Year.
Year.
3
*41,863
*15,342
3,212
14,120
1,131
5,084
*245,435
*669,560
453,867
1,391,366
*116,543
*319,561
adef6.000
89,4§0 adef32,359
255,012
761,822
11,976
35,228
105,220
442,180
1,263,655
92,306
277,615
*321,401
*697,636
60,419
*3,553
5,168
35,180
164,771
d250,972
<1859,085
*23,781
*86,129
180.675*defl04,243
23,845
68,705
3
*27,588
*64,108
1,268
1,736
1,141
5,068
*185,690
*576,076
370,496
1.324,205
*105,751
*10,512
a2,995
adef28,753
*312,884
*854,147
24,568
21,166
51,286
<1284,782
<1980,998
*34,281
*49,321
*42,122
*11,023
*19,565
*76,503
*26,055
*61,736
16,838
*15,303
47,175
*31,720
13,190 *defl0,657
39,584 *def43,732
529,146
*271,511
1,604,977
*225,959
3,594
*17,572
7.172
*29,363
46,253
*16,181
139,549
*61,972
93,920
146,237
287,850
677,416
461,460
790,611
*12,213
*32,747
*2,402
*2,769
*394,493
*670,215
*22,483
*45,533
*7,761
*8,542
64,639
498,308
854,663
2,189,294
1,388,047
1,973,354
346,733 adef73,812
1,399,070 adef96,471
899,971
2,699,913
8,333
75,000
18,574
56,804
35,309
106.818
172,761
516,928
23.523
95,968
N Y N H & Hartford—
July 1 to Sept 30
Jan 1 to Sept 30
605,849
731,678
1,161,990
1,367,577
20,815
17,420
147,814
125,776
*2,915 *defl9,062
*6,024 *def22,002
33,017
10,642
73,747
24,314
*189,771
*202,124
*257,505
*393,636
*5,473
*8,138
*28,437
*25,869
Current
Year.
Previous
Year.
Current
Year.
Previous
Year.
$
3
3
3
4,255,096
4,127,351 *2,951,704 *3,315,536
15,277,275 14,603,732 *8,109,506 *7,945,218
After allowing for net miscellaneous debit to Income.
d These figures are after allowing for other Income and for discount and
exchange. The sum of 310,000 Is deducted every month from surplus
and placed to the credit of the Renewal Fund.
* After allowing for other Income received.
KH3
a
AND
Latest Gross
Name of
Road.
Week,
TRACTION
American Rys Co— October
cAu Elgin & Chic Ry September
_.
Bangor Ry & Elec Co
Baton Rouge Elec Co
Binghamton St Ry._
Blrm’ham Ry Lt A P
Brockt’n & Ply St Ry
Bklyn Rap Tran Sys.
Cape Breton Elec Co.
Earnings.
Current
Year.
or
Month.
COMPANIES
*
October—
3
339,378
161,598
49,593
Jan. 1 to latest date.
Previous
Year.
Current
Year.
Previous
Year.
$
310,419
3,279,158
3,025,511
1,261,486
471,776
79,827
1,158,406
444,669
334,557
237,450
305,614
242,425
149,141
49,173
8,881
8,249
September
70,749
37,330
34,910
July
216,505 183,187 1.49'6~nd 1,276,482
July
11,975
12,832
94,130
September
103,902
2162,186 2018,12t 12,601,238 11,771,268
July
28,835
25,890
September
217,063
187,904
Carollna Pow & Lt Co September
17,402
17,545
154,349
141,318
Cent Park N & E Rlv July
61,262
54,159
364,055
338,374
Central Penn Trac— October
68,635
62,773
691,474
627,520
Chattanooga Ry & Lt September
77,022
67.806
650,947
574,785
Chicago Railways Co. September 1175,420 1066,056 9,014,329 8,188,754
Cleve Painesv & East September
33,647
31,361
269,381
242,206
199.684 178,551
Coney Isl & Brooklyn July
867,203
859,064
Dallas Electric Corp. September
119,804
107,570 1,037,613
931,301
Detrolt United Ry_. 1st wk Nov 162,928 146,005 7,952,023 6,775,915
D D E B & Bat (Rec) July
53,853
55,761
356,987
364,139
93,570
Duluth-Superior TrCo September
87,217
810,727
723,602
East St Louis & Sub. September
211,249 176,402 1,756,761 1,481,078
El Paso Electric
54,846
50,501
September
460,332
426,875
Falrm & Clarks Tr Co October
58,504
41,433
504,497
387,874
Ft Wayne & Wabash
Valley Traction Co September
136.685 132,736 1,134,725 1,038,350
42dStM&SNAv(Rec). July
135,584 120,947
800,671
739,121
Galv-Hous Elect Co. September
110,145 100,837
966,136
894,605
Grand Rapids Ry Co. September
101,019
97,626
856,661
776,022
Havana Electric Ry. Wk Nov 12
44,033
40,816 1,866.550 1,749,304
.
__
_.
Honolulu Rapid Tran
& Land Co
September
Houghton Co Trac Co September
Hudson & Manhattan July
Illinois Traction Co_- September
Interbor R T (Sub)
Interb R T (Elev)
37,214
37,725
26,710
179,160
529,291
859,446
1192,211
45,995
28,732
1,469,317
455,137
July
July
Jacksonville Elect Co September
38,375
Kans City Ry & Lt Co September
628.685 584,287
Lake Shore Elec Ry. September
115,009 108,207
Long Island Electric. July
29,158
25,530
Metropolltan St (Rec) July
1123,198 1062,674
Milw El Ry & Lt Co. September
401,958 369,446
Milw Lt Ht & Tr Co September
108.901
99,820
Montreal Street Ry_. September
463,076 382,061
Nashville Ry & Light September
163,307
155,899
New Orleans Ry & Lt September
493,491 466.738
N Y City Interbor— July
22,335
16,597
N Y & Long Island Tr July
42,771
38,805
N Y & Queens County July
123,861 102,225
Norf & Portsm Tr Co September
172,065
158,234
North Ohio Trac & Lt September
224.901 202,156
North Texas Elec Co_ September
118,192 104,829
_
_
—
Northwest Elec Co_.
Ocean Electric.
Paducah Tr & Lt Co.
Pensacola Electric Co
Port (Ore) Ry.L&P Co
P lget Sound Elec Co
Richmond Lt & RR.
Rio de Janeiro Tram
October
193,914
July
September
_
September
October
September
July
Light & Power Co September
St Joseph (Mo) Ry Lt
Heat & Power Co. September
Sao Paulo Tr Lt & P
September
Savannah Electric Co September
Seattle Electric Co
September
Second Avenue (Rec) July
Southern Boulevard July
Sou Wisconsin Ry Co October
Staten Isl Midland
July
Tampa Electric Co._ September
Thlrd Avenue (Rec). July
Toledo Rys & Lt Co. September
Toronto Ry Co
September
Twin City Rap Tran- 1st wk Nov
Underground El Ry
_
_
.
_.
of LondonThree tube lines
Metropolitan Dlst_
United Tramways.
Union (Rec)
UnionRy.G&ECodll)
United RRs of San Fr
Westches Elec (Rec).
Whatcom Co Ry & Lt
Yonkers RR (Rec)__
c
Wk Nov 12
Wk Nov 12
Wk Nov 12
July
September
July
3,870,153
8,234,227
8,880,257
423,414
350,587
5,496,114
5,054,811
913,664
116,646
835,061
8,252,816
106,296
8,083,629
3,456,776
806,979
3,326,109
1,341,847
4,629,019
3,116,885
706,129
2,939,765
1,266,683
4,445,669
125,828
202,788
631,698
95,432
187,510
1,837,406
1,041,568
1,833,958
557,435
1.634.172
910,119
1,707,853
29,629
26,367
21,251
23,264
503,485
160,545
47,797
19,096
21,649
64,335
60,215
199,464
184,050
426,708
4,609,974
179,956
3,974.355
1,410.887
42,658
1,445,274
195,133
982,762
642,731
7,364,602
5,607,495
92,034
260,829
51,598
481,158
88,285
200,496
49,523
766,750
2,150,573
468,183
722,808
1,776,271
451,818
466,885
61,441
149,597
149,793
87,462
11,470
15,606
41,446
44,969
327,662
239,415
428,580
145,034
£14,445
£12,154
£5,225
235,749
241,764
653.921
65.761
33,781
65,236
September
July
September
184.430
4,404,380
568.494
81,729
9,777
13,651
37,082
189,996
47,108
459,205
484,213
49,250
134,061
146,097
436,254
281,632
217.738
379,981
134,566
2,082,343
1,729,480
2,178,648
3,195,938
1,981,436
2,857,291
5,901,125
£13,480
£10,931
£5,286
198,934
224,313
624,261
53,291
£574,750
£484,169
£286,474
1,276,262
2,137,596
5,667,220
295,866
299,290
34,835
6,403,061
£567,235
£443,030
£274,480
1,166,405
2,016,724
5.457,039
237.692
295,190
These figures are for consolidated company.
Electric
Railway Net Earnings.—The following table gives
the returns of ELECTRIC
railway gross and net earnings
reported this week. A full detailed statement, including al
roads from which monthly returns can be
obtained, is given
once a month'in these
columns, and the latest statement of
this kind will be found in the issue of
Sept. 24 1910. The
Nov. 26 1910.
Gross Earnings—
Current
Previous
Year
Year.
Roads.
al71,928
a398,726
QUARTERLY RETURNS.
—Int., Rentals, Ac.— Bal. of Net Earns.
Roads.
RAILWAY
$
St L Rocky Mt & Pac.a Sept
143,117
45,951
177,848
420,470
171,995
512.920
131,132
July 1 to Sept 30.
972,927
St Louis & Southwest .a .Sept 1,033,481
317,365
336,248
690,628
788,255
2,904,146 2,625,875
July 1 to Sept 30
11,531,903 4,454,865 4,608,270
Southern Pacific .a
33,657,218 12,664,584 13,088,126
July 1 to Sept 30.
Texas & Pacific, b
1,318,744
385,136
456,568
-Sept 1,390,561
Jan 1 to Sept 30-.
11,248,636 10,129,847 2,165,807 2,057,705
.
ELECTRIC
1381
American Lt & Tr Co
Jan 1 to Oct 31
_
.
_
_
Oct
3
356,685
3,009,842
Bangor Ry & Elec Co.b.Oct
July 1 to Oct 31
3
313,847
2,619,970
3
345,559
2,909.292
29,552
128,933
17,986
198,153
39,118
328,664
17,162
100,943
85,055
49,593
49,173
216,472
210,051
Central Penna Tract Co_.Oct
68,365
Jan 1 to Oct 31
691,474
Fairmont & Clarksb.b.-Oct
58,504
Jan 1 to Oct 31
504,497
Lewiston Aug & Wat
Oct
43,090
July 1 to Oct 31
217,712
Mahon & Shen R & L.a.Aug
194,344
Sept 1 to Aug 81
2,179,866
Northern Texas El Co.b.Sept
118,192
Jan 1 to Sept 30
1,041,568
Portland (Ore) Ry,L& P.b.Oct
503,485
Jan 1 to Oct 31._
4,609,974
62,773
627,520
41,433
387,874
Syracuse Rap Tran Co.b—
July 1 to Sept 30
Westchester Elec RR.b—
July l to Sept 30
earnings here given
922,149
104,829
910,119
426,708
3.974,355
409,557
371,868
172,753
150,345
183,088
16.4,293
Net earnings here given are after
Net
43,332
220,686
175,010
1,874,189
56,598
476,948
278,367
3
304,982
2.531.914
29,132
125,157
18,218
164,325
27,080
254,209
18,564
110,573
78,539
750,555
47,043
400,107
237,987
2,617,587
2.134,406
130,705
79,854
63,149
49.877
65.545
31,460
m
Yonkers Railroad—
July 1 to Sept 30
a
-Net Earnings
Current
Previous
Year.
Year.
are
*
deducting taxes.
before deducting taxes.
]
1382
THE CHRONICLE
Interest
Charges and Surplus.
—Int., Rentals, Ac.
Current
Year.
Roads.
Year.
$
Bangor Ry A Elec Co.__Oct
July 1 to Oct 31
Fairmont A Clarksburg. Oct
54,645
13,112
126,739
.
Jan
1
to
Oct 31
Lewlst Aug A Water
July 1 to Oct 31
Oct
13,780
54,965
Mahon A Shen R A L._Aug
42,341
Sept 1 to Aug 31
499,500
Northern Texas El Co..Sept
19,690
Jan 1 to Sept 30
174,455
Portland (Ore) Ry, L A P.Oct
152,229
Jan 1 to Oct 31
1,399,194
Syracuse Rap Tran Co—
July 1 to Sept 30
96,490
Westchester Elec RR—
July 1 to Sept 30
16,357
Yonkers Railroad—
July 1 to Sept 30
28,186
*
x
$
12,965
52,449
12,655
123,803
13,734
Deduct—
Bal. of Net Earns.—
Current
Previous
Year.
Year.
$
$
Previous
15,818
74,288
26,006
201,025
15,080
59,310
41,155
470,700
16,167
72,708
14,425
130,406
3,382
45,978
3,484
37,383
279,855
29,853
245,423
111,114
896,198
36,908
302,493
126,138
1,218,393
95,042
£34,346 £def 15,051
14,970
#47,115
£35,071
26,120
28,942
def 1,901
Hire of equipment
Rentals of terminals
Dividends on common
Per cent of divs. on common
$
Hudson A Man..
179,160
Int R T
859.446
(Sub)...
Int R T (Elev)-.l ,192,211
Bklyn R T Syst..2,162,186
Met St (Rec)
1 .123,198
Cent P R N A E R
61,262
Second Ave
(Rec)
$
82,591
416,050
649,381
1,240,134
781,636
53,737
$
$
$
$
96,569 81,475 ^190,548 def12,504
443,396 28,106
395,154
76,348
542,830
1,640
490,357
54,113
Third Ave (Rec).
327,662
Dry Dock E B’wy
A B (Rec)
53,853
34,529
19,324
42d St Man A St N
Ave (Rec)
135,584
73,479
22,335
18,160
8,741
147,662
62,105
4,175
2,729
88,087
16
38,414
27,347
162
44,575
16,160
24,934
95,816
8,571
103,920
23,722
19,237
20,661
12,998
17,837
68
NYC Interbor..
South’n Boulev..
11,470
Union (Rec)
Westch El (Rec)
Yonkers (Rec)
_
Long Island Elec.
N Y A L I Trac.
N Y A
.
Queens Co
Ocean Elect
Coney Isl A Bklyn
Rich’d Lt A RR.
Staten Isl M
235,749
65,761
65,236
29,158
42,771
123,861
29,629
199,684
47,797
41,446
”
28,045
21,058
95,764
—
_
133
_
46
—192
_
_
__
24,075 12,905
22,209
425,708
156,512
6,493
9,879
125,342
7*9,162
10,162
7*11,126
7,920
1,625
7*14,512
2,644
9,610
2,820
5,826
21,045
5,618
50,979
def3,612
24,535
8,159
4,608
1,104
73,591
24,865
11,051
10,246
12,057
6,808
15,440
71,229
28,821
17,601
h Interest
permanently defaulted is not deducted.
^Interest is deducted only on “capital used in operation.”
Gross Rev. Expenses
Net
All Sources. A Taxes. Revenue.
$
$
$
Hudson A Man—
August
September
....
October
308,480
323,493
351,216
132,941 175,539
151,787 171,706
157,182 194,034
Total
Deductions.
$
Surplus
$
on
-
to annual reports of steam
railroads, street railways and miscellaneous companies which
have been published during the
preceding month will be
given on the last Saturday of each month. This index will
not include reports in the issue of the “Chronicle” in which
it is published. The latest index will be found in the issue
of Oct. 29.
The next will appear in that of Nov. 26.
{Report for Fiscal Year ending June 30 1910.)
comparative
balance sheet, will be found on subsequent pages.
Below
we give comparative statistics of
operation and comparative
income account for several years,
WOperaXions—
Average miles
Passengers carried (No.)
1909-10.
4,482
7,232,089
[§|
RESULTS,"}
1908-09. ^1907-08.
4,434
4,365
6,303,137
6,544,469
H
1906-07.
4,346
5,809,311
Pass, carried one mile..304,534,596 260,305,318 261,881,340
237,513,985
Av. rate per pass, per m.
2.224 cts.
2.224 cts.
2.398 cts.
2.562 cts.
Freight (rev. tonnage).. 11,297,846 10,242,568 10,077,109 10,117,555
Tons one mile (revenue) 1639880095 1455421830 1436141810
1493919551
Aver, rate per ton perm.
1.273 cts.
1.259 cts.
1.235 cts.
1.235 cts.
Pass, earns, per train m_
$0.87
$0.82
$0.89
$0.88
Freight earns per tr. m.
$2.56
$2.44
$2.28
$2.20
Gross earnings per mile.
$6,651
$5,896
$5,963
$6,159
INCOME ACCOUNT.
Operating revenues—
Freight
Passenger..
Mail, express and miscellaneous
1909-10.
1908-09.
1907-08.
$20,870,397 $18,328,176 $17,739,172
6,773,332
5,842,059
6,279,584
2,166,539
1,973,829
2,010,296
’
Total operating revenues
.$29,810,268 $26,144,064 $26,029,052
Operating expenses—
Maintenance of way and structures._ $3,760,197
$3,566,702 $3,745,097
Maintenance of equipment
4,275,966
3,681,457
4,085,969
Traffic expenses
499,323
430,092
432,715
Transportation expenses
9,227,836
8,520,714
9,908,607
General expenses.
850,836
744,396
799.355
km
v-
^6Total operating
expenses
Net operating re venue
Taxes
peratlng incom
nterest and d
v
ents, hire of equipment, Ac
iM *
Gross Income
$18,614,157 $16,943,361 $18,971,743
.$11,196,111
$11,196,111
$9,200,703
$7,057,310
1,208,960
1,119,538
1,072,052
—
dends received
$9,180,990
$3,753,317
year
1907-08.
$8,721,657
$1,879,382
$9,099,857
$31,777
a The three items marked (a) above do not
compare with similar items
in later years because in those years interest on
treasury securities is elimi¬
nated on both sides of the account, all other items
and the final
result
re¬
maining unchanged. The interest so eliminated, amounting to $378,892
1908-09, consists of $273,260 interest on bonds and $105,632 on certifl-
n
lates of indebtedness.
i\ote.—The comnany charges dividends in “oroftt and loss.” but are here
deducted for the sake of simplicity. The dividends charged
against the
earnings of 1909-10 and 1908-09 were paid in cash.
Of the dividends de¬
ducted in 1907-08, 3% was paid in Jan. 1908 in Atlantic Coast Line RR.
4%
certifs. of indebtedness and 2>$% in July 1908 in cash.—V.
90, p. 166.
$9,087,151
$9,987,151
2,446,763
500,393
(National Railways of Mexico.)
{Report for Fiscal Year ending June 30 1910.)
The text of the
report will be given next week. Below
are the
principal statistics of operations, earnings, charges and
balance sheet:
TRAFFIC STATISTICS.
1909-10.
1908-09.
1909-10.
1908-09.
Aver, kilometers
8,468
8,412 Tons rev. freight, 5,711,931
5,707,972
Passengers
6,072,277
6,264,124 Tons 1 mile
2035290213 1979734017
Pass. 1 kilom.'.620,267,352 579,000,424 R’cts
p. tr. kilo.
$3.61
$3.55
R’cts p. tr.kilo.
$1.96
$1.75 Av. tonsp.tr., all
fr’t(p. tr.kilo)
263.15
269.68
One kilometer equals .62138 mile; 1 metric ton
equals 1.103 tons of
2,000 lbs.
INCOME ACCOUNT (MEXICAN CURRENCY).
1909-10.
1908-09.
1909-10.
Gross Earnings.
$
$
Deduc'ns (.Con.)
$
Freight
37,871,364 35,072,312 Reserve for renew.
$8,081,166
2,074,468
445,405
$12,934,307 $10,601,039
1908-09.
$
Passenger
Express
...11,245,560 10,365,724
on equipment
1,769,050 1,879,617 Int. on bonds, Ac.—
Miscellaneous
1,676,319 1,487,869
N. Rys. pr. lien
4^8
7,558,442
Tot. gross earns 52,562,293 48,805,522
do gu. gen.4s 4,052,462
Expenses—
N.RR.pr.l’n4Hs 2,070,000
Maint. of way, 4c. 8,257,817
6,574,832
do
lstcons.4sl,979,200
Malnt. of equip... 6,438,224
Mex. C. Ry.bds.
6,191,769
436,687
Conduct, transp’n 15,037,523 14,472,742
do
4-yr. 5%
General expenses. 1,859,994
1,927,536
notes
402,789
do
3-yr. 5%
Total op. exp..31,593,558 29,166,879
notes
Net earnings
20,968,735 19,638,643
do equip, and
Int., less exchange
622,794
6293,723
collateral..
90,000
Int. on securities. 1,165,742
do
car A loco.
1,092,371
rent'l notes
150,164
Total net inc...22,157,271 21.024,737
4H% 6 mo.notes
Deduct—
Taxes
Rent. Mich. A Pac.
leased line
365,991
278,588
47,077
57,397
•
Oper. def.
Mex.37,327
Texas
Mexican Ry
38,911
Sundry adjustm’tsa2,091,652
Op.
18,616
def.
Total
4,218
0882,706
Claims made on
construc’n cos
1,340.400
5,487,788
3.854.043
2,070,000
1,979,200
454,690
1,887,151
20,417
100,000
227,534
Nat. RR
167,134
Nat. RR. 5%
notes
727,987
Trans, to res’vefd. <1141,828
<163.357
1st pref. div..e(3)l,729,974(2)1153,316
-
deduc’ns.21,192,504 20,974.253
Balance, surp..
964,767
50,484
199,711
a Sundry adjustments in 1909-10 include $50,000 for adjustment of
material accounts; $61,652 for proportion of additions and betterments in
suspense; $980,000 to provide for expenses for repair and replacement of
equipment, and $1,000,000 to repair damages caused by washouts; in
1908-09 operating expenses of constituent cos.: (1) prior to date when di¬
rect charge was assumed by Nat. Rys. Co., $823,765, and (2) subsequent
adjustments, $58,941.
'
6 This is a net item in 1910; in 1909 represents the amt. of int.
plus exch.
d This is 5% of net profits.
e There was also 1% additional ($576,658 in Mex.
currency) paid Nov.
10 1910 out of the earnings for the fiscal year 1909-10, as authorized by the
stockholders at the annual meeting, making a total of 4% paid from the
earnings of the
year.
Assets—
The remarks, signed by Chairman Henry Walters and
President T. M. Emerson, together with the
FISCAL
55,394
3,135,060
(6%)
(6%)60,000
44,877
Total
Surplus income for
_
1908-09.
$4,750,628 a$4.895,872
757,122
#862,754
221,705
250,000
151,420
169,433
42,815
44,008
89,690
48,569
38,730
2,614,568
2,614,540
(5 M%)
(5H%)
(5 H) 55,000 (5 H) 55.000
79.830
79,830
BALANCE SHEET JUNE 30 (MEXICAN CURRENCY).
Atlantic Coast Line Railroad.
$21 OPERATIONS AND
preferred (5%)
Am. SS. Co
191,794 def 16,255
191,596 defl 9,890
192,088
1,946
ANNUAL REPORTS.
■Annual Reports.—An index
_
IiXXXXl
Ferrocarriles Nacionales de Mexico.
922,052 35,126
531,464
341,562 31,542 h216,592
7,525
1,029
68,643
18,819
/*8,94C1
161
168,560 159,102
/*33,921
87,462
_
Divs. on R. A P. “A” stock
Dividends
After allowing for other Income received.
New York City Street Railways—July 1910.
Street Ry. Expenses Net from Other
Income
A Taxes. Oper'n.
Revenue.
Inc. Deductions. Surplus.
(
1909-10.
Interest on funded debt, Ac
$5,256,650
Interest on certificates of indebtedness
379,359
Interest on 3-year notes
J_
75,954
Interest on equipment trust..1...
133,420
Rentals of leased lines
40,276
51,263
42,714
422,649
17,190
154,684
126,873
1,238,208
(VOh.
Agents, conductors and employees
430,044
$9,131,634
871,440
668,706
2,064,174
1,161,184
...
-
-
27,935
214,114
15,574,974
88,546
Equipment and rail renewal fund..
—
-
149,600,933
57,660,400
240,231,373
270,907,280
c95,480,000
d20,113,000
12,394,695
1,700,000
3,008,000
8,359,718
1,169,360
3,566,257
778,434
2,962,005
3,723,599
25,270
63,871
132,770
1,000,000
4,484,012
205,186
Reserve fund.
Profit and loss
-
757,858
135,070
27,935
26,283
855,931
31,212,170
86,403
$878,581,400e$860.322,850
-
Liabilities-
Common stock
i
First preferred stock
Second preferred stock
National Rys. bonds
National RR. bonds
Mexican International RR. bonds
Mexican Central, National RR. and Mexican
International RR. securities not held—
Mex. Cent. Ry. equipment and collateral trusts
do
do
car and locomotive notes
do
do
4-year 5% notes
Accrued bond int. and coups, not presented
Dividend on preferred stock
Vouchers ana pay-rolls
Traffic balances—
Individuals and companies.
Notes payable and accrued interest
Michoacan A Pacific Ry. (special).
Accrued taxes
Reserves for material adjustment—
Reserve to repair damages by washouts
—.
800,176
423,676
1,050.652
*
—
Total
1909.
a$832,396,031 $766,125,550
318,150
721,076
bl7,154,640
53,149,439
8,041,506
4,950,631
Traffic balances.
Individuals and companies.
Bills collectibleNotes receivable
Purch. of subsidy rights of Hidalgo A N. E. RR.
Texas-Mex. Ry. adv. acc’t change of gauge.
Accrued interest on securities owned
Cash in banks and on hand.
Advance payments—insurance premiums
Total
$5,985,258
a2,716,332
1910.
Road, equipment, land concessions, Ac
Construction of new lines, Ac
Bonds and stocks owned
Material and supplies
1,015,237
149,578,733
57,613,000
238,274,993
254,813,255
c95.480.000
13,348,570
1,900,000
3,666,239
31,480,000
7,579,939
577,416
2,355,944
307,409
818,432
25',270
62,534
157,307
'2,169,982
63,357
50,470
$878,581,400e$860,322,850
Includes cost of acquisition of Mexican International RR. under agree¬
ment of May 4 1910, $61,503,039; expenditures for additions and better¬
ments to June 30 1909, $1,779,502, and during year ending June 30 1910,
$2,511,417; other expenditures during last fiscal year, $2,256,024.
a
Nov. 19
THE CHRONICLE
1910.]
b Bonds and stocks owned exclude in 1910 securities of National RR.,
Mexican International. Central Mexico and Mexican Pacific,whose lines
now form part of the National Rys. of Mexico.
c Does not include $5,080,000 ($2,540,000 U. S. cur.) bonds deposited
with Central Trust Co. as collateral under prior lien 4H% mortgage.
d Does not include $593,000 ($296,500 U. S. cur.) bonds In cos treasury,
e The total of assets and liabilities as above differs from that shown in
the annuli report for that year because of the omission (in order to
make proper comparison with the balance sheet in 1910) of the item of
$9,000,000 from both sides of
the balance sheet representing Tampico
Harbor Co.
This item consists, under assets, of $5,000,000 (u. S. cur.)
of 1st and refunding M. bonds at 90, being offset under liabilities by the
undertaking to expend the same amount for construction or property
la 10 years under agreement of Dec. 31 1907.—V. 91, p. 1160, 946.)
Mexican International Railroad.
(Report for Fiscal Year ending June 30 1910.)
report will be given next week. Below are
the statistics of operations, earnings, charges. &c
The text of the
OPERATIONS.
1909-10.
Avge. kilometers oper.
Passengers carried
Pass, carried one kilo
Receipts per train kilo.
1,462
523,847
_
40,350,176
$1.50
_
Tons rev. freight carried
1,922,981
Tons carried one kilo—618,324,601
Receipts per train kilo..
$3.91
Average tons per train,
all fgt. (per tr. kilo)..
342.92
Earnings per kilometer.
$6,103
One kilometer equals .62138 mile;
2,000 lbs.
1908-09.
1907-08.
1906-07.
1,478
1,478
1,473
502,901
527,752
470,349
38,499,822 41,796,738 36,846,860
$1.36
$1.29
$1.24
1,597,755
1,509,535
1,449,104
474,264.628 547,333,064 528,952,176
$2.90
$3.50
$2.72
309.78
225.96
252.53
$5,820
$5,605
metric ton equals 1. 1023 tons Of
$4,706
one
EARNINGS AND EXPENSES (MEXICAN CURRENCY)
entering into Increases shown for maintenance of way and structures
rails, $15,243, and bridges, $13,470; Into Increase
freight car repairs, $50,547, and
ties, $19,654;
shown for maintenance of equipment were
freight car renewals, $15,458.
Deductions from Income increased $95,785, or 10.8%, due to the Increase
paid for hire of equipment, because of the surrender of 30
In amount
engines, 1,800 gondolas, 200 flat and 500 box cars.
Additions, Ac.—There has been expended for additions and betterments
{>221,452 [of which $46,325 on account of Improvements to road, Ac., and
{>205,688 (less credits $30,561) for equipment, the latter Including $134,845
for new consolidation engines purchased—Nos. 100 to 107.
On the other
hand, equipment account was reduced $2,264,280 through equipment
surrendered and retired since June 30 1907, viz.: 30 engines, 1,800 gondola,
200 flat and 500 box cars.—Ed.]
Maintenance, Ac.—1,052.15 tons of new 85-lb. steel rail was purchased
and laid during the year; 101,902 oak and chestnut ties were put In main
track and side tracks; 45.25 miles new fence built; 5 miles of additional
ditches dug and drainage provided; ballast 48.9 miles, mostly gravel and
slag, all charged to operating expenses.
Locomotives Re-Purchased.—Four of the 30 Brooks consolidation freight
engines, old Nos. 103, 106, 108 and 109, which were turned back to the
Trust Co. In 1909, were re-purchased from the Trust Co. at a cost of $40,000,
numbers changed to 88, 89, 90 and 91.
Outlook,.—There has been some Improvement In the freight business
during the past year and the Indications are that the present year will
greatly exceed the past. The grain crop, especially wheat and oats, will
probably be the largest we have ever handled and the corn crop at this
writing gives prospects of being good, If not better, than ever before.
There will also be an exceedingly large crop of hay.
The revenue from the passenger traffic for the past year has shown slight
Increase, and, owing to the re-arrangement In our passenger-train service,
we expect to show a healthy Increase In passenger earnings the coming
year.
The earnings of this department have been somewhat limited, owing
to Insufficient supply of equipment to take care of excursion business.
Weight oj Steel Rails in Main Line and Branches.
56-lb.
60-lb.
70-lb.
85-lb.
90-lb.
Total.
Main line, miles
..13.509
184.641
53.660
83.540 8.410 343.760
.500
Branches, miles
10.000
39.516
2.485
52.501
Rolling Stock June 30.
Engines.
Pass. Cars. Freight Cars. Miscellaneous
1910
72
33
4,216
40
1909
60
4,295
41
34
1
"
1908-09.
1907-08.
1906-07.
$1,022,249
5,829,166
101,869
$1,090,353
7,052,754
138,458
$1,014,720
7,341,816
$8,920,854
$6,953,284
$8,281,565
$8,572,770
Maintenance of way. dec.$1,446,483
Malnt. of equipment
1,328,292
$909,062
967,178
$1,208,820
Conducting transports._ 2,068,821
General expenses
291,164
1,874,485
296,752
$1,192,074
1,131,426
2,684,070
Earnings—
1909-10.
Passengers and express..$1,193,654
7,606,517
Freight
All other sources
120,682
Items
were
13S3
216,234
TRAFFIC STATISTICS.
Total receipts
Expenses—
1,275,315
2,920,068
302,165
320,631
$5,328,201
$2,953,364
1,472
$5,706,368
$2,866,402
$2,905,807
$2,954,836
$2,867,731
$21,182
$34,691
$30,024
20.000
3,611
26,100
12,376
20,000
34,873
►233,684
20,000
Total working expen. .$5,134,761
Net earnings
$3,786,093
Income from Investments
1,390
$4,047,477
$2,905,807
$3,787,483
$44,763
1,329
1907-08.
1909-10.
1908-09.
1906-07.
424,963
Revenue passengers
406,447
375,745
394,259
Revenue pass, one mile.
8,907,116
9,065,768
11,462,713
9,949,576
1.43 cts.
Rec. per pass, per mile.
1.75 cts.
1.64 cts.
1.69 cts.
Tons of freight carried-.
2,177,633
2,461,615
2,222,236
2,227,040
Tons carried one mile
374,506,378 323,555,544 330,311,469 329,122,200
Av. rects. per ton per m.
0.413 cts.
0.356 cts.
0.392 cts.
0.436 cts.
333.90
395.72
Av. tons fgt. per train m
Gross earns, per mile...
$3,642
$3,456
Operations—
INCOME ACCOUNT.
Total
Deduct—
Stamps and other taxes..
Rental Coahulla Coal Ry_
Int., discount ds exchange
Duties on Imported mat’l.
Mlsc. adjustments, dec—
20,000
1,088
200,000
45,057
Balance (Mex. curr’cy)$3,476,575
do
(U.S curr.)$1,738,288
$2,822,538
$1,411,269
1908-09.
1907-08.
$1,267,789
$1,365,216
152,869
104,468
162,845
95,205
.$1,607,032
$1,525,126
$1,623,266
$341,796
286,077
34,394
771,776
59,927
$282,999
214,369
$264,448
415,756
27,075
756,586
33,250
.$1,493,970
(92.96)
$113,062
363
$1,279,921
Operating Revenues—
1909-10.
$1,331,930
155,575
119,527
Freight
Passenger
Mall, express, Ac
Total
Operating Expenses—
$2,631,588
$1,315,794
$2,817,707
$1,408,854
•
Duties paid on Imported company material In excess of the kllometrlc
allowance, $233,684, was In settlement for 15 years to June 30 1907.
INCOME ACCOUNT (UNITED STATES CURRENCY).
•
1906-07
Maintenance of way and structures.
Maintenance of equipment
Traffic expenses
Transportation expenses
General expenses
_
Total
Per cent of expenses to earnings
Net operating revenue
29,580
701,737
51,236
(83.92)
$1,497,115
(92.23)
$126,151
1908-09.
1907-08.
Net earnings as above
$1,738,288
Interest on deposits, dec.
18,773
$1,411,269
706
$1,315,794
3,323
$1,408,854
12,911
$1,757,061
$1,411,975
$1,319,117
$1,421,765
Total net revenue
Taxes
$113,425
$245,080
81,755
78,124
$551,510
alnt. on Income bonds_(8%)359.920
Interest on loans
$551,510
(4)179,960
13.890
$551,510
(4)179,960
23,100
$551,510
(4)179,960
Operating Income
$31,670
*40,506
$166,956
Other Income
$911,430
$745,360
$666,615
2,480,722
$754,570
$564,547
2.833.598
$731,470
$690,295
4,134,261
$72,176
$205,432
$32,337
130,904
$44,859
10,520
506
818
155
761,268
61,460
794,296
40,152
833,387
44
1,358
$890,689
$685,257
$915,343
$575,101
1909-10.
Total net income
Deduct—
Int. on bonded debt
Total deductions..
Balance, surplus—
Surplus previous year
Reserve for doubtful debts
$845,631
3,028,728
Total
$3,879,156
Add'ns, betterments, dec. $241,084
Equipment written off
136,866
Mezqulte branch, net debt
$3,147,337
$87,222
$3,398,144
$917,422
$4,824,556
$1,990,958
Gross Income
Deductions—
Joint facilities, rent tracks, Ac..
Hire of equipment
Rents
Interest accrued on bonds
Other Interest.
Betterments
Total deductions
*
b$3,501,206
Surplus
$3,028,728
$2,480,722
$2,833,598
a The Interest on the Income bonds as deducted from earnings In the
several annual reports Is as follows: in the fiscal year 1909-10 the Interest
declared from operations for the two years ending June 30 1910, and In the
preceding fiscal years that declared from operations of the years prior thereto,
respectively, and not from the respective years.
b Transferred to capital expenditure account—see foot-note x below.
BALANCE SHEET
A
(UNITED STATES CURRENCY).
loin
--
Cost of railroad
Mexican Government bonds.
Materials and sui
Due by agents, dec.
Traffic balances
Individuals and companies.
Miscellaneous.
Cash
1908
84,995
169,647
68,782
73,747
1,733,146
81,014
45,542
77,670
64,577
668,091
190,806
160,409
114,259
109,790
171,198
$20,708,200 $20,708,200 $20,708,200
Capital stock
Funded debt
Loans
Accrued Interest, dec
Vouchers and pay-rolls
Individuals and companies
Miscellaneous
Profit and loss, surplus
Total
1909.
x$37,057,746 $40,565,937 $40,606,315
15,748
15,748
15,728
614,812
435,865
614,821
....$39,818,612 $41,954,444 $41,983,336
Total
Liabilities—
17,555,500
17,555,500
387,776
212,055
185,117
95,735
169,110
3,028,728
290,452
252.967
623,717
See
x
below
17,555,500
420,000
218,036
239.656
285,395
75,828
2,480,722
$39,818,612 $41,954,444 $41,983,336
x After deducting balance of profit and loss account
206.—V. 90, p. 1554.
(Report for Fiscal Year ending June 30 1910.)
Receivers Geo. K. Lowell, Benj. S. Warren and Thos. D
Rhodes report in substance:
General Results.—Operating revenues Increased $81,906, or 5%, and
operating expenses Increasea $214,049, or 17%; passenger revenue In¬
creased 1 8%; number of passengers carried decreased 4.7%; number,of
passengers carried one mile decreased 1.7%; rate per pass, mile Increased
to 1.75c. from 1.94c.; freight revenue Increased 5%; tons carried Increased
10.7%, and tons carried one mile Increased 15.7%; Rate per ton per
mile decreased from 3.92 mills to 3.56 mills.
Maintenance of way Increased $58,797; maintenance of equipment In¬
creased $71,708; traffic expenses Increased $4,814; transportation expenses
Increased $70,039, and general expenses Increased $98,691.
The principal
•
$126,151
83,746
$42,405
297,836
38,476
*
$914,298
Other Income Includes In 1909-10 joint facilities, rent
rents, $2,484; Interest on deposits, $410.
:
$340,241
$47,195
33,248
of tracks, Ac.,
$37,612;
BALANCE SHEET JUNE 30.
[Owing to change In form of balance sheet, comparisons with some Items In 1909
are Inaccurate.]
1910.
1909.
Assets—
5
$
Road &equlp’t..a36,217.436 38,655,554
Consol. M. bonds
pledged as collat 6,580,000 6,580,000
Ann ArborRR.8tk.b5,101,400 b5,101,400
Tol. South. RR .Co
94,874
94,781
Cash for interest on
coll, trust notes.
137,500
137,500
Cash in banks, Ac.
13,488
16,652
_
Agts. & conductors
Traffic balances.
Mlsc. accts. recelv.
1,492
_
Materials A supp.
Def. debit Items..
Profit and loss...
18", 853
146,770
12,087
2,805,352
assets
Pay-rolls
./
1 178,889
2,732
15,500
21,852
_
35,177
Total
First pref. stock.. 7 ,500,000
Second pref. stock 5 ,000,000
12 ,500,000
Common stock
Funded debt
23 ,724,400
Loans A bills pay.
635,851
Vouchers
1 239,336
146,770 Equlpm’t replace¬
ment account..
10,747
1,676,171 Receivers’ paym’ts
from service
1,656,000
Other
contingent
,
1910.
S
Liabilities—
Int.matur.&accrd.
36,828 Traffic balances..
Mlscell.
accounts.
10,796
72,625 Def. credit Items.
Equip, withdrawn
i__52,820,429 52,539,824
1909.
$
7,500,000
5,000,000
12,500,000
23,764,400
635,851
J221,503
\
4,466
759,906
3,788
29.428
173,839
In excess of rects
341,619
290,644
Equlp’t trusts for
equip, surrend’d
Oth. conting. llab.
,656,000
4,250
1,656,000
Total
52,820,429 52,539,824
After deducting equipment retired since June 30 1907, $2,264,280, and
reserve for accrued depreciation, $173,839.
b Includes $2,190,000 common
and $3,001,000 shares of preferred stock.—V. 91, p. 1025, 870.
a
credit
stoak
Ann Arbor Railroad.
transferred, $3,501,
Detroit Toledo & Ironton Railway.
,
$986,475
Balance, deficit for year.
31,387
written off
def. 125
».
„
4,797
written back—
Outside operations—net
$245,205
(Report for Fiscal Year ending June 30 1910.)
Joseph Ramsey Jr., N. Y. City, says in substance:
Pres.
General Results.—The Income account (below.—Ed.) shows a separation
for the years 1908-09 and 1909-10 of outside operations (revenues and ex¬
In previous years these
penses of boat and cafe cars) from rail operations.
operations were included In the operating revenues and expenses, And for
purposes of comparison the gross earnings from boat lines, Ac., amounting
In 1909-10 to $170,494, should be added to the operating revenues ($1,856,160), making gross revenues $2,026,653 and gross expenses $l,50ff;303
and net revenues $526,350.
< ;
.« ,
The gross operating revenues Increased $147,679; the gross operating
expenses Increased $101,455 and the net operating revenues Increased
$46,224. The decrease 6f $93,588 In deductions from gross lnconie; is
due to $122,008 decrease In amount paid for hire of equipment, less In¬
crease In equipment notes. Interest, Ac.
Gross freight earnings Increased
$117,942,
or
10.29%; gross passenger earnings Increased $17,105, or 3.80%,
and mall, express and milk Increased $9,937, or 21.81%.
1384
THE
CHRONICLE
[VOL.
LXXXXI
For rail operations the number of tons of
freight handled was 1,737,184,
increase of 122,734 tons; tons 1 mile
United States
267,155,215, an Increase of 13,015,Co.
317 mile tons; average receipts
per ton per mile 4.73 mills, an Increase of
.22 mills; train miles decreased 10.97%; tons
for Fiscal Year
freight per train mile 485.08;
30 1910.)
Increase 15.8%.
The number of passengers carried one mile was 26,850,309,
1909-10.
1908-09.
1909-10.
an Increase of 1,528,384; average rate 1.74
1908-09.
cts., a decrease of 0.04 cents.
$
$
$
$
Projit and Loss.—When the present management took charge there were „
Gross receipts
17,680,237
Other
16,851,864
income
387,824
numerous accounts receivable which were
441,331
Expenses
uncollectible, and accounts paya¬
17,232.2051
ble which should have been paid and charged off in
Interest on notes
previous years. All
)16,400,160 Total net income.
795,890
such Items prior to July 1908, and miscellaneous
893,035
payable, Ac
adjustments, together
39.966J
Dividends
(6%)600,000 (4)400,000
aggregating $213,304, also $22,326 for car repairs that should have been
charged to previous years, were charged to debit profit and loss account.
Net earnings...
408.066
451,704
Bal., surplus...
195,890
Equipment—Per Diem Charges.—During the years 1908 and 1909 the
493,035
BALANCE SHEET JUNE 30.
per diem charges against your company assumed enormous
proportions—
the net debit balance for the year 1909-10 being
1910.
1909.
$174,643 and for the six
1910.
1909.
Assets—
months ending Dec. 31 1909 $67,970.
$
Contracts were made for the repair
{
Liabilities—
$
$
Real est. A
Of some 600 cars by car
bldgs.o2,077,292 2,053,596 Capital stock
companies, and also for new equipment as
building
10,000,000 10,000,000
follows: 500 steel coal cars and 300 steel box cars, $828,880; 13
Equipment
1,238,718
989,300
locomotives,
Wages
and
salaries
447,052
$212,550; 3 steel passenger cars, $40,857; total, $1,080,287. Of this amount Material A supplies
48 549
_•
Notes payable
241,095 1,882,054
Balt. A O. contract
$190,174 was paid In cash, the balance being taken care of by car trust notes.
716,666
816,666 Traffic balances...
396,939
263,474
Ohio
The effect of the new equipment and repair
Elect contract
39,167
of old equipment (with an
Money orders bal.\
512,343 /
54,215
Improved handling of the foreign cars on Ann Arbor tracks) was at once Investments
67,415,145 7,464,051 Travelers’ checks/
\ 343,739
Cash
apparent. The total net debit balance for the past fiscal year was $82,872.
606,498
895,924 Vouchers A accts.
311,287
Taking the statement for the quarter ending Sept. 30 1910 as a basis, the Notes receivable.. 1,007,140 2,000,351 Interest accrued
Due from agents..
14,050
credit balance for the year ending June 30 1911 should be
670,106
419,362
largely
in
favor
Unpaid
dividends.
6,571
6,571
of the Ann Arbor RR., and the gain In nft Income
Individuate A cos.
664,799
compared With the past
114,557
Express
privileges
1,415,008
1,368,472
fiscal year should be at least $125,000; more than paying
Express earnings
our annual obliga¬
Reserves
83,148
and
159,728
tions on account of the new equipment.
money order
The Increased equipment should
Profit A loss, surp. 1,486,675
1,252,724
also bring some Increase In traffic revenues.
commls. accrued
460,332
Traffic bslances..
Four new locomotives were purchased from the American Locomotive
392,130
28,032
Co. at a cost of $65,400.
Miscellaneous
One old passenger engine was sold for $4,000.
23,906
104,856
Car Ferries—Equipment Trust.—It was a bad year for the
company In
the operation of Its car ferries.
Total
[The net loss due to accidents being $87,14,900,118 15,345,Q27
Total
14.900,118 15,345,027
128.—Ed.]. The loss of No. 1 left only three boats (two of which are old),
a
and a contract was entered Into for a new modern steel car
ferry of 32 cars tion Real estate and buildings as above In 1910 includes $1,635,978 used in opera¬
and $541,314 not so used.
capacity, at a cost of $335,000, to be delivered In Dec. 1910.
An equip¬
6 Investments In 1910
ment trust on 10-year 5% notes has been arranged to meet the
include bonds, $4,230,626; stocks,
payments on
$381,802; loans and
this boat and some additional passenger cars.
advances, U. S. Express Realty Co,,
$2,751,652, and real estate, bonds and mort¬
Maintenance.—During the year 106,477 cross-ties were placed In track. gages, $51,065.
Stone, slag, gravel and cinder ballast were placed under 20.25 miles of .,£%—The WHBPaay has contingent
liabilities for discounted notes
main track.
New 85-Ib. steel rails placed In track. 44.55
receivable,
miles.
•«,8£Z*and, 2s guarantor of a mortgage of the U. S. Express Realty Co., $1,000,000
—V. 89, p. 1343.
Advances to D. T. & l. RR. Co.—During 1907 and 1908
$220,000
was ad¬
vanced to Detroit Toledo A Ironton RR. Co. “for
temporary purposes,”
without any authority from the board of directors and
without appearing
properly on the books of the company.
Your board has taken stich action
as the general counsel thought
necessary to protect the company against
loss In connection with this unauthorized loan.
Outlook.—The property Is In good shape to handle an Increase In
traffic
INCLUDING ELECTRIC ROADS.
during the coming year, and a fair Increase Is anticipated. In fact, an In¬
crease either in traffic or revenue must come If the
Atlantic
Coast
Line
company is to continue
“Annual
to pay the cost of operation. Increased pay-rolls and taxes
and fixed charges.
New Director.—J. R.
There has been an Increase of about $60,000
of
per year In pay-rolls, taking
N. C.. Third
effect June and July 1910, with other Increases
yet to come, an Increase of
has been elected a
about 10% In cost of fuel, with various Increases In
the
board to 12 members.—V.
expenses due to orders
and requirements of State and Inter-State
91, p. 1091.
commissions, laws reducing work¬
ing hours for trainmen, telegraph operators, etc., etc., while the Increase In
& Electric
taxes has been constant arid enormous—from
$47,000 for 1900 to $171,000
In 1910.
The taxes to-day equal $600
porated.—This company was
per mile of road, being 8H% of
in Maine on or
Hie entire gross revenues, 33 1-3% of the total net
about Nov. 9 with
revenues and over 60%
of authorized capital stock, in
of the amount paid on all securities.
shares of $100 each, as successor of the
The propose! advance In freight rates, now held
up for consideration by
the Inter-State Commerce Commission,
& Electric Co. (of New
to
applying
about 30% of the classi¬
which was recently
fication, would have given the company $73,000 Increased revenue on
the
Redmond & Co. of New York (V. 91, p. 1095).purchased
traffic of the past year had the Increase been In
effect—equal
to about 4%
Increase In gross revenue.
Bonds Called.—All of the
This Increase would not more than meet the
5% collateral trust bonds of the
increase In pay-rolls, fuel, &c.
old company, dated
The “hobble skirt” Is now Imposed upon the
1903,
authorized and
railways.
an
Express
ending June
(Report
....
...
.
.
.
•
GENERAL INVESTMENT NEWS,
RAILROADS,
RR.—Report.—See
Reports.”
Kenly
Wilmington,
Vice-President,
director, increasing
Augusta-Aiken Railway
$3,750,000
$1,244,000 at last
Trust
revenues—
$
Passenger
1,264,661
467,430
124,068
Total
Mall, express, Ac
Operating expenses—
Maintenance of way and structures
Maintenance of equipment
Traffic expenses
Transportation
expenses
Total..
Per cent expenses to earnings
Net operating revenue
Outside operations (net)
Net
Taxes
Operating Income
Other Income
Gross
1,856,159
1,708,480
1,882,782
298,306
254,718
193,865
38,214
662,157
48,359
347.457
34,265
1,298,768
(69.97)
557,391
def.31,041
revenue
*
Income.............
...
$
450,324
111.437
642,806
64.222
General expenses
$
1,146,719
1,302,621
462,895
117,266
246.453
46.981
767,681
34.622
1,375,596
(73.06)
507,186
27,250
Betterments
Total deductions
Balance, surplus
•
538,417
147,967
507,186
136,426
378,383
72,775
390,450
370,760
45i;i58
478,542
52,634
280,000
28,232
5,997
174,643
88,092
compare V. 87, p.676.
Ry.—Dividends on Common Stock Now
Quarterly.—As foreshadowed some weeks ago (V. 91, p. 1093),
the directors have declared on the common stock
a regular
quarterly dividend of 2% [being at the rate of 7% per annum
from revenue and 1% per annum from interest on
the pro¬
ceeds of land sales], payable Dec. 31 to
shareholders of
91,820
462,580
-
280,000
1,655
4,153
460,451
18.091
Other income Includes In 1909-10: Rents
received, $418; Joint
on securities, loans and accounts, $24,158.
$48,199; lnt.
Nov. 30.
Chicago Consolidated Traction Co.—Agreement of Deposit.
Savings Bank, as depositary, 204
give notice to the holders of the fol¬
lowing securities:
5.012
—The Harris Trust &
Dearborn St., Chicago,
407,195
55,385
facilities,
on
This is the first quarterly declaration.
In August semi-annual divi¬
dends of 3 H% and H of 1% extra were
declared, putting the stock on an
8% per annum basis (V. 91, p. 396).—V. 91, p. 1095, 1093.
122,183
280,000
GENERAL BALANCE SHEET JUNE
30.
1909-10.
1908-09.
1909-10.
1908-09.
Assets—
$
$
Liabilities—
$
$
Road, equip., Ac_16,247,298 15,267,082 Preferred stock
4.000.000
4,000.000
Cash
159,397
632,930 Common stock
3,250.000 3,250,000
Remit. In transit.
77,164
79,723 Bonds
7,000,000 7,000,000
Agts. & conduct’rs
27,223
90,056 Equipment notes.
744,108
70,000
Individuals A cos.
234,917
159,588 Loans A bills pay.
150,000
Mat’ls & supplies.
127,709
191,539 Vouchers A wages
307,380
292,926
Advances (D. T. &
Mlscel. liabilities..
25,652
21,229
I. Ry)
220,200
220,200 Interest matured
Jackson Ann Arbor
and accrued....
84,220
79,160
& Chic, bonds..
7,000
7,000 Taxes accrued....
51,867
72,422
Traffic balances..
1741
50,569 Traffic bals., Ac._
19,056
30,174
Items In suspense.
60,218/
Replacement,
Ac.,
Prop’ty abandoned,
reserves
129,575
177,192
charg’bletoexp.
67,258
Add’ns to prop'ty.
5,012
Miscellaneous
13,959
8,509 Other reserves
7,000
“7,600
Profit and loss.... 1,458.648
1.607,094
Total
17,232,517 16,607,197
Total
17,232,517 16,607.197
-V. 91, p.945.
1095.
Canadian Pacific
526,350
147,967
366,863
84,295
p.
Boston Revere Beach & Lynn
RR.—Proposed Sale.—See
N. Y. N. H. & Hartford RR. below and
record
...
Co., Baltimore.—V. 91,
called for
Jan. 1 1911, at the Baltimore
$796,346
*
:
Separation of grade crossings, $329,321; second track. $35,988 $3,828,948
365*309
(2) Additional expenditures required to pay for
equipment (a
large part already contracted for), and for other add’ns, Ac.—
Equipment: 147 locomotives. $2,533,650; 349 passenger cars,
$3,010,375; 1.330 freight cars, $1,222,840; 1 crane. $16,000
6,782,865
Four-track drawbridge over Saugus River.
$219,000; track
and freight-yard facilities, $55,050: 2nd
track, $51,361;
separation of grade crossings, $627,881; shops, $1,310,000-2,263,292
Compare V. 91, p. 1253, 1096.
191,571
1,197,313
(70.08)
511,167
on
Expenditures from Aug. 1 1909 to Nov. 1 1910—
■Locomotives, $1,180,021; passenger cars, $1,152,226;
freight
cars, $2,293,046; total, $4,625,294; less
equipment retired,
Deduct—
Hire of equipment
Interest on bonds
Interest on equipment notes
Appropriations and reserves
$3,000,000
outstanding, have been
Boston & Maine RR.—New
Stock.—President Mellen
peared before the Mass. RR. Commission on Nov. 15 ap¬
on
petition for authority to offer to the stockholders
106,637
new common shares at $110
per share.t Under Massachu¬
setts laws the road has at present
only $800,000 bonds availa¬
ble for issue; with the sale of new stock issue
there will be
a margin of
$12,000,000 bonds which the company can re¬
sort to if necessary for future
requirements.
Expenditures, Aggregating $13,240,415, as Basis Jot New Stock
Issue.
(1)
444
Operating
Freight
accounts
payment at 105 and interest
1909-10.
1908-09.
1907-08.
Miles operated
92
292
292
Passengers carried
841,422
836,200
808,879
Passengers carried 1 mile
26,850.309
25,321,925
23,848,041
Rate per passenger per mile
1.74 cts.
1.78 cts.
1.94 cts.
Passenger earnings per train mile
95.43 cts.
90.05 cts.
94.91 cts.
Tons carried (revenue)
1,737,184
1,614,810
1,687,662
Tons carried 1 mile (revenue)
267,155,215 254,139,898 277,054,377
Rate per ton per mile
4.73 cts.
4.51 cts.
4.70 cts.
Freight earnings per train mile
$2 34
$1 89
$2 08
Gross earnings per mile
$6,359
$5,680
$6,352
Average revenue train-load (tons)..
485
419
Augusta-Aiken Ry.
Jersey),
by
OPERATIONS AND FISCAL RESULTS.
Corporation.—Incor¬
incorporated
Chicago Elec. Transit Co. 1st M.bds. Chi. A Jeff. Urban Tr. Co. IstM.bds.
North Chi. Elec. Ry. Co. IstM.bds. Chi. No. Shore St. Ry.
Co. 1st M.bds.
North Side Elec.St.Ky Co.IstM.bds. Chi. No. Shore St.
Ry. Co.
Evanston Elec. Ry. Co. 1st M. bds. Chi. Cons. Trac. Co. Cons. cap. stk.
M. bds.
That in accordance with the plan of reorganization (V.
90, p. 1613; V. 91
p. 214, 1253), approved by the representatives of more than 90% of
the
above-mentioned securities, an agreement of deposit dated Nov. 1
1910,
under which such securities may be exchanged for new bonds of
the Chicago
Railways Co., has been lodged with the Harris Trust A Savings Bank as
depositary, copies of which agreement will be furnished upon application.
Under said agreement, deposits of any of the
above-mentioned securities
will be received up to and Including Nov. 19 1910.
The time for deposit
of securities is necessarily limited, owing to the fact that
the properties
covered by the above-mentioned securities have been ordered
sold at fore¬
closure on Nov. 30 1910 by a decree of the Federal Court.
Deposit Agreement Dated Nov. 1 1910—Description of New
Securities.—The agreement of Nov. 1, to which the holders
of the aforesaid securities may become parties
by depositing
their holdings with the Harris Trust &
4
Savings Bank, de¬
positary, is made between Andrew Cooke of Chicago (pro¬
posed purchaser of the property for the Chicago Railways)
and the aforesaid
depositary.
Nov. 19
THE CHRONICLE
1910.]
Condensed Extracts from Deposit
Agreement—New Securities Described.
The term “traction system” wherever used In this agreement shall be
deemed to Include all the property of Ch. Consol. Trac. Co. and Ch. North
Shore St. Ry. Co., authorised by said ordinance to be acquired by the
Hallways Company, except that
If the purchaser shall elect not to purchase
that portion of said property de¬
then such portion shall be omitted.
sufficient amount of the securi¬
ties shall have been deposited, or pledged to be deposited, the purchaser Is
authorised to declare this agreement to be operative; and thereupon the
offer herein contained shall be a final contract between the parties hereto.
The purchaser will. as soon as practicable, deliver to the depositary, to be
disposed of under the terms of this agreement, the following new securities;
Purchase Money 4% to 5% Bonds, Dated Jan. 1 1011—Auth. $6,000,000
(1) $4,073,000 bonds of the Railways Company dated Jan. l ion, ma¬
turing Feb. 1 1927, redeemable on any Interest date at par and accrued
Such bonds shall bear Interest dining the first five years at 4%
Interest.
per annum, and after such five years at 5% per annum, payable semi¬
annually. They shall be secured by a mortgage of the Railways Company
(designated “purchase money mortgage”), to be a purchase money lien
n the traction system and all rights conferred by said ordinance for the
peratlon thereof, subject only to the 1st M. dated Feb. 1 1907, executed
by the Railways Company to Harris Trust 8b Savings Bank, as trustee,
and to all bonds heretofore Issued and all that may be hereafter Issued
thereunder (see V. 90, p. 302, 1025), and also constituting a lien upon all
the other property of the Railways Company now owned or hereafter ac¬
quired by It. subject to existing mtges. and liens upon such other property.
and transfer to the Railways Company
scribed In “Exhibit 2” of said ordinance,
When, in the opinion of the purchaser, a
The authorized Issue of bonds under the “purchase money mtge.” shall
be $6,000,000, of which $1,927,000 shall be Issuable by the Railways Com¬
from time to time for the purpose of acquiring additional corporate
property or to satisfy claims Incidental to the acquisition of the property
of Ch. Consol. Traction Co. or to discharge any claims or judgments against
the Ch. Consol. Traction Co. or the receivers, or other corporate purpose.
pany
WLAdjustment Income 4% Bonds Dated Jan. 1 1911—Auth. $2,500,000.
(2) $2,500,000 bonds of the Railways Company dated Jan. 1 1911, ma¬
turing Feb. 1 1927. redeemable on any Interest date at par and accrued In¬
terest. and bearing Interest at 4% per annum, payable either annually or
semi-annually, but only out of the net earnings of the Railways Company
as defined In the mortgage securing the bonds, the Interest for each year to
be payable only to the extent that the net earnings for such year shall be
sufficient for the purpose, and the obligation In respect of such payments to
be non-cumulatlve.
Such bonds will be designated “adjustment Income
bonds,” limited to $2,500,000, and secured by a mtge. of the Railways
Company designated “adjustment mortgage,” which mortgage shall be
or become a purchase money lien on the traction system subject only (a)
to said 1st M. of the Railways Company, and (b) to said purchase money
mortgage, and shall also be a lien on all the other property now owned or
hereafter acquired by the Railways Company, subject to said purchase
money mortgage and to the present liens upon such other property.
Both the “purchase money mortgage” and the “adjustment mortgage”
shall be specifically subject to all the privileges of the City of Chicago set
forth In the ordinance to the Railways Company of Feb. 11 1907 (V. 84, p.
1123), and In said ordinance of Oct. 10 1910 (V. 91, p. 1025).
Exchange Offered to Depositors.
Purch. Money
(Compare V. 90, p. 1613; V. 91, p. 214.).
Bonds.
For principal of Transit bonds. North Side bonds. North
Chicago bonds. North Shore bonds and Jefferson bonds
Par
Unpaid Interest to Jan. 1 1911 on bonds deposited ....
For principal of Ogden bonds and Evanston bonds
50%
Unpaid interest to Jan. 1 1911 on bonds so deposited
For principal of Cicero & Proviso bonds
31 H%
Unpaid Interest to Jan. l 1911 on bonds so deposited
For principal of Consolidated bonds (other than those now
Adjustm’t
Incomes.
31
Par
50%
50%
50%
hereafter acquired by the purchaser otherwise than
by such exchange)
i.
50%
Unpaid Interest to Jan. 1 1911 upon bonds deposited
50%
For principal of North Shore stock
50%
The purchaser will provide for the payment of all receiver’s certificates,
the costs In said causes, the distributive share decreed by the Court to be
paid to the holder of any of the securities not deposited hereunder, or other¬
wise acquired, 8bc.
In case the purchaser shall not become the purchaser at said foreclosure
sale, the securities deposited shall be returned to the depositors without
charge or expense.
The Railways Company shall not be vested with any title, right, obliga¬
tion or liability in respect of any part of the property described In said
foreclosure decree lying outside of the city limits of Chicago, and not by
said ordinance of Oct. 10 1910 authorized or required to be vested In the
Railways Company. See also V. 91, p. 1253, 1159.
or
*
Chicago A North Western Ry.—Sale of Bonds.—The com¬
has sold to Kuhn, Loeb & Co. $15,000,000 4% general
mortgage gold bonds due in 1987. Compare V. 90, p. 1489.
On June 30 1910 there were outstanding under the $165,000,000 general mortgage of 1987 $30,271,000 of 33^s, and
pany
there
owned
by the company and due from the
which by
to exceed
Marvin Hughitt, Chairman of the board of directors,
were
trustee $19,792,000 bonds, the interest rate on
the terms of the mortgage was to be fixed at not
5%.
said to the “Wall Street Journal”:
The bonds were sold to take care of obligations maturing before the first
of June, and for corporate purposes. There are $6,000,000 of bonds which
must be paid between now and the close of the current fiscal year, and they
will be paid off In this manner.
None of the proceeds of the sale will be
used for the construction of new railways, as they are amply provided for.
I see no cloud on the business horizon.
Crops are good and the recent
election seems to have caused general satisfaction.
The outlook Is one to
create confidence.—V. 91. p. 1095, 790.
Chicago Railways.—New Securities for Purchase.—See
Chicago Consol. Trac. Co. above.—V. 91, p. 1160, 1025.
Cincinnati Bluffton A Chicago RR.—Sale.—Judge Cook
at Huntington, Ind., on Nov. 16 set Dec. 5 as the date for
the final decision regarding the sale of the C. B. & C. RR.
The “Indianapolis News” says:
At that time a date will be set for the sale. It being understood that $800,000 will be the upset price and 90 days’ notice will be given.
[The claims (which have not yet been passed upon) amount to several
times the amount likely to be realized from the sale. Ed.]—V. 90, p. 697.
1385
Co., N. Y., Phila. and Wash., are offering at 95 and int.,
yielding 5.40 income, by advertisement on another page, the
unsold portion of the present issue of $1,000,000 “first re¬
funding mortgage 5% gold bonds, dated July 1 1910 and
due July 1 1930, but callable at 105 and int.
Par $1,000 and
$500. Int. J. & J. in N. Y. or Chicago, or may be collected
through offices of aforesaid firm without charge. Western
Trust & Savings Bank, trustee, Chicago.
Capital stock,
auth., $1,000,000; issued, $885,150. A circular says:
This Issue of $1,000,000 first refunding mtge.
tirement of the $500,000 1st M. 5% bonds, for
bonds provides for the re¬
the purchase of additional
equipment and the extension of the 5th Ave. line to Indiana Harbor. To
meet the assured growth of Gary and suburbs, the mortgage has been made
for $10,000,000; but under Its terms the $1,000,000 bonds now Issued must
become a first mortgage (and be certified as such, If presented for certifi¬
cation) before additional bonds can be issued.
No further bonds can then
be Issued except to pay for not more than 90% of the cost of extensions,
improvements. &c., and only when the previous year's net earnings, after
charging 10% for depreciation, shall be 1 Vi times the Interest and rental
charges, including the bonds then to be Issued.
Earnings for Year ending Oct. 1 1910 (Gross and Net after Operating Exp.).
Oct. to
Jan. and
March to
Aug. and
Dec. 1909. Feb. 1910. July 1910. Sept. 1910.
Total.
Miles operated
Gross.Net
On the present
6
8
15
16
12
$13,200
$10,497
$46,763
$22,927
$93,387
24,205
10.625
5,242
3,790
43,862
18 miles of track the net earnings will exceed $6,000 per
month, or $72,000 per annum.
For the total 28 miles. Including the addi¬
tional mileage now being built, the gross should be $240,000; net, $105,000;
interest charges, $50,000; balance, surplus, $55,000.
Three franchises, Gary and Tolleston for 50 years; Hammond for 30 years
from 1909
Sinking fund for retirement of bonds, 1 % of bonds outstanding
each year from 1915 to 1920 and 2% from 1920 to 1930.
With the extension now being built, the system will be 28 miles In length,
including a double-track line on Broadway, the principal business street,
extending north and south from the U. S. Steel Corporation mills (Indiana
Steel Co.), passing the stations of five trunk line railroads to the Little
Calumet River, 3 miles; on 5th Ave., a business and residential street,
extending east and west 8 miles; on 11th Ave. west through Tolleston Into
the city of Hammond.
An extension from 5th Ave. line Is now being built
to Indiana Harbor, passing various subsidiary companies of the U. S. Ste 1
Corporation, the American Bridge Co., Grasseli Chemical Co., Standard
Forging Co. and American Steel Foundries Co., and through Indiana Harbor
to East Chicago, a distance of 4 miles, passing the plant of the American
Sheet 8b Tin Plate Co.
The company owns 46 lots In the city of Gary
and other real estate, upon which Is located the sub-station and car barns.
Electric power is leased from Commonw. Edison Co. under 10-year contract.
The new steel city (Gary, Ind.) has a popula Ion of approximately 25,000
at present, with 10,000 commuters and dally visitors.
Judge E. H. Gary,
Chairman of U. S. Steel Corporation, is quoted as saying:
“Within two
years Gary will have a population In the neighborhood of 100,000, and will,
doubt, In time become the largest city In Indiana.” The U. S. Steel
Corp. has expended $60,000,000 in the city and in the plant, and the total
amount authorized to be expended on this plant alone Is $125,000,000.
The following large concerns are now preparing to erect or are operating
plants in Gary: Am. Bridge Co., Am. Steel & Wire Co., Am. Sheet 8s Tin
Plate Co., Indiana Steel Co., Frick Coke plant. National Tube Co. and
Universal Portland Cement Co. [the foregoing are subsidiaries of the U. S.
Steel Corporation—Ed.]; Am. Car & Foundry Co., Am. Locomotive Co.,
Nut & Bolt Works, Car Coupler Works, Kirk Railway Transfer Yards.
It Is understood that these plants will be completed within the next two
or three years; their operation will necessitate the employment of a total
of 91,000 men.
There are eight banks already located on Broadway and
more than 1,500 houses are under construction.
The underground work of the city of Gary—water, gas and sewer system—
has been laid for a population of 300,000.
Including Tolleston, Hammond,
Ac., the total population served at present by the Gary 8s Interurban
Ry. Co. is 121,500.
Connection Is made at Hammond and at East Chicago
with the Chicago lines running to the centre of Chicago.
Compare V. 89,
p. 993, 1596.—V. 90, p. 1675.
no
Georgia A Florida Ry.—Purchase.—Control has been ac¬
quired of the Sparks Western RR., a new 20-mile line,
lacking, it is said, only 3 or 4 miles of being completed, from
Sparks to Moultrie, Ga. Possession was taken Nov. 9.
Purchase price rumored as $100,000.
Col. J. M. Wilkinson, of Valdosta, Ga.. has succeeded J. R. Barfield as
President of the S. & W.
E. L. Bemiss, of the Georgia 8b Florida, has been
made Vice-President, and Rutherford Fleet, Sec. and Treas.—V. 90, p. 842
Georgia Railway A Electric Co.—Bonds Sold.—The com¬
H. Hilsman & Co., of Atlanta, Ga.,
$225,000 of the “refunding and improvement” 5% mortgage
bonds, forming part of $1,250,000 authorized by the Georgia
Railroad Commission in April 1909 (V. 88, p. 1127), of which
at last accounts $1,000,000 were outstanding.—V. 91, p. 1160.
Indianapolis A Cincinnati Traction Co.—Foreclosure Sale.
—The road was sold for $1,045,000, the upset price, at
foreclosure sale on Nov. 10 to John J. Appel, representing the
pany has sold to J.
bondholders’ committee.
A new company of the same name, with
$3,000,000 capital
stock, of which $1,000,000 is pref. and $2,000,000 common,
was incorporated as successor in Indiana on Nov. 17.
The
directors of the
new
company are:
Chalres L. Henry, who was receiver of the old oompany: W. T. Durbin,
J. F. Wild and John J. Appel of Indianapolis; George A. Ball and Theodore
F. Rose of Muncie, Ind.; William Frazee of Rushvllle, Ind.; William j.
Alford of Anderson, Ind., and J. T. Beasley of Terre Haute.—V. 91, p.
1025, 945.
Interborough Rapid Transit Co.—Conversion of Notes.—
of 1908, due May 1
1911, into 5% bonds of 1907, at the rate of 99 in notes for
Cleveland (O.) Underground Rapid Transit Go.—Franchise 100 in bonds, expired on Nov. 1.
Of the $21,973,000 notes
Voted by Electors.—See “Cleveland, Ohio,” in “State and lately outstanding, $17,389,000 were exchanged for bonds
City Dept.,” and compare Cleveland Ry. item, V. 88, p. 1560. $17,500,000 of the latter being issued, leaving, therefore
Eastern Pennsylvania (Electric) Railways Co.—Bonds outstanding at present $4,584,000 of the notes and $30,552,of the bonds.
Pledged.—See Lehigh Coal & Navigation Co. under “Indus¬
Tenders Asked.—The Guaranty Trust Co., as trustee, will
trials” below.—V. 89, p. 103.
received sealed offers up to noon Jan. 12 next for the sale
Eureka A Palisade Ry.—Sale Nov. 29.—This 3-foot-gauge to
it, for account of the sinking fund, of $300,000of the bonds,
road (35-lb. steel), it is stated, will be offered at auction at
at not exceeding 105 and interest.—V. 91, p. 1254, 870.
Eureka, Nev., on Nov. 29 by United States Marshal H. G.
Inter-State Railways, Philadelphia.—New Plan.—The
Humphries as special commissioner in chancery appointed
shareholders
will vote Nov. 25 on a new plan of readjustment
by the Federal Court.
The ro4d, which extends from Palisade, to Eureka, 84 m„ with branch
which contemplates an issue of $1,000,000 6% cum. pref.
4 m., was damaged by floods last winter and has not been operated to any
shares, the stockholders to take $500,000 at par for cash,
On June 30 1909 there were outstanding $300,000
extent since that time.
and the bondholders to take. $500,000 at
Stock and $51,650 mortgage notes.
M. L. Requa of San Francisco was Pres.
par m lieu of the
Forty-Second Street Manhattanville A St. Nicholas Avenue 1910 and 1911 coupons on the bonds. Tne Carson Estate
Ry., New York.—Sale Again Adjourned.—The foreclosure interests, it is stated, has agreed to accept the allotments
sale has been again adjourned to Jan. 17.—-V. 91,p. 1025,790. falling to their $4,000,000 bonds, and tne plan generally*
Gary A Interurban (Electric) Ry., Gary, Ina. (the new seems to have been well received. The “Philadelphia
“Steel City”).—New Bonds Offered.—Lawrence Barnum & Ledger” of Nov. 17 stated:
The time to convert the 3-year 6% notes
1386
THE CHRONICLE
Such progress was made
yesterday toward
that the plan has more than a fair chance ofsecuring assents as to Indicate
being carried to a successful
conclusion.
Subscription agreements made their appearance on the
Street, one directed to Inter-State bondholders, the other to the stock¬
holders.
Stockholders are asked to subscribe to $500,000 of the proposed
Issue of pref. stock at par,
payable In five Installments of 20% each, begin¬
ning Dec. 15 and ending April 1 next.
The total Issue of pref stock is to be
$1,000,000, divided Into 100,000
shares; par $10.
Dividends are to be at the rate of 6% and are to be
cumulative from date of issue.
The stock is to have preference over the
common issue, both as to dividends and
assets.
It is to be redeemed and
retired at par by payments at any dividend
period of not less than $1 per
share, and the entire issue Is to be retired before any dividends are paid on
the common stock.
It Is understood that already $375,000 of the $500,000
oolrpH
Vioo
Kppn snhsprlhpH
[VOL.LXXXXI
on Nov.
10, on application of the reorganization committee,
granted a further adjournment of the foreclosure sale from
Nov. 14 to Jan. 5 next.—V.
91, p. 1254, 717.
New York New Haven & Hartford
RR.—Proposed Pur¬
chase.—This company and its subsidiary,
the Boston &
Maine, have petitioned the Massachusetts Senate and House
of
Representatives
for
legislation authorizing the companies
to acquire and hold the
ton Revere Beach &
property and franchises of the Bos¬
Lynn
RR. Co. (compare V. 87, p. 676),
or
any part or the whole of the capital stock and
indebtedness,
upon such terms as may be fixed by
the Railroad Commission.
The bondholders are asked to accept the pref. stock at
par for the 1910
and 1911 coupons.
With the acceptance of these plans. It Is stated, the
company will be in position by Feb. 1 1912 to resume the payment of
coupons at the regularly stated periods.
The required number of assents to the two
agreements will provide for
two years* coupons on the bonds and the
payment of the floating debt,
amounting to about $555,000.
With the company authorized to carry
out the present plan, it was declared to be not
unlikely that some payment
would be made on the pref. stock next year.—V. 91,
p. 1095, 589.
The New Haven
Company has also asked the Mass. Commission to ap¬
prove the purchase of the
property and franchises of the Milford & Woon¬
socket RR. Co. and the Milford
Franklin & Providence RR., for $148,600
and $100,000.
Kansas City Terminal Ry.—Additional Bonds
Offered.—
new gen.
J. P.
Morgan & Co., New York; Lee, Higginson & Co., New
York, Boston and Chicago, and the Illinois Trust & Savings
Bank, Chicago, offered this week at 97 and int. $7,500,000
1st M. 4% gold bonds dated Jan. 3 1910 and due Jan. 1
1960,
but callable as a whole on Jan. 1 1930 or on
any interest date
thereafter at 105 and int.
Interest J. & J. in New York,
Boston and Chicago.
A simultaneous offering was made in
London by Higginson & Co. and Morgan, Grenfell & Co.
The bonds were heavily
oversubscribed, the
foreign sub¬
scriptions alone aggregating nearly the entire amount offered.
The advertisement is published for record
purposes on an¬
other page of this issue.
The original issue of $12,500,000
(see V. 90, p. 627, 698)
is listed on the N. Y. Stock
Exchange and application will be
made to list the bonds just offered.
Abstract of Letter from President W. S. Kinnear, Kan. City, Nov. 9 1910.
respectively.
Proposed Guaranty.—A press report from New Haven
that the
proposed immediate issue of $12,317,000
states
mtge. 4% bonds of the Central New England
Ry. will be
endorsed by the N. Y. N. H. & H. RR.
(see
V.
91,
p. 1253).
—V. 91, p. 1328, 1254.
Northern Securities Co.—Directors.—Geo. F.
has been elected
a
director to
Baker Jr.
three years, to succeed
90, p. 233.
serve
Joseph S. Kennedy, deceased.—V.
■Pacific Electric Ry., Los Angeles.—Full Control
by South¬
ern
Pacific Co.—The Southern Pacific Co., which has here¬
tofore owned one-half of the
$20,000,000 capital stock of
this
company, has acquired the remainder of the issue from
H. E. Huntington. Mr.
Huntington on Nov. 11 said: “The
transaction was concluded
to-day. The Southern Pacific
is now in control of the Pacific
Electric lines and the Harriman interest in the Los
Angeles Ry. lines has
The
passed.”
directors of the Pacific Electric
Ry are W. F. Herrin, Pres.;
Shoup, Vice-Pres.; William Hood, Walter F. X.
Parker, J. W MoKlnley, Epes Randolph, R. C. Glllis. The retiring
directors are H. E.
Huntington, Howard Huntington and G. C. Ward.
new
Paul
Organization.—Incorporated in 1906 under the laws of Missouri as a
railroad company with powers to own and operate a union
passenger station
freight and passenger terminals in and about Kansas City.
Sale of Local Los
All Its
Lines to Los
$1,200,000 outstanding capital stock has been fully paid In cash at
par
poration.—See
that company above.—V. 87,
and Is held by, or for the benefit of, the 12 railroad
companies named below.
p. 936.
Bonds.—The maximum authorized issue Is
$50,000,000, of which $20,Co.—Tentative
094,000 are outstanding, including the bonds now purchased
Plan.—Robert
by you.
The
A. Balfour and
proceeds of $12,500,000 were used to acquire the Kansas City Belt
the
Ry., the
committee
present Union Depot property, real estate for the new union
station, pas¬
appointed to consider the
under which E. T.
senger and freight terminals and rights of way .and for construction
The proceeds of the $7,500,000 now sold to you will be used for purposes.
agreed to become a director of the company,
the
sition of additional real estate and equipment and for construction. acqui¬
it is
$2,recommended the
500,000 are reserved to retire, par for par, all the
of an issue of
outstanding 1st M. bonds
of the Kansas City Belt Ry. Co., due
“debenture” collateral trust
July 1 1916. The remaining $27,to
406,000 are reserved for construction, additions and
be secured in part
improvements.
all of the
56,000
Proprietary Companies which Covenant to Meet Principal and Interest.
shares of stock
par
not
of the Market
[Under agreement with the company and the
Street Elevated
A. T. & S. Fe Ry. C. M. & St. P. Ry.K. C. South. mortgage trustee.]
and
St.
L. & S.F. RR.
Ry.
Ch. & Alt. RR.
C. Gt. West. RR. Mo. K. & T.
This stock is owned by the Phlla.
Ry. Union Pac. RR.
Rapid Transit Co. and was assigned by
Ch. B. & Q. RR. C. R. I. & P. Ry. Mo. Pac.
it in 1908 to the Union Traction Co. as
Ry.
Wabash RR.
collateral security for the return
Under the above agreements, each of these twelve
to the Union
proprietary companies
company at or before the termination of Its lease of all the
covenants unconditionally to pay an amount
securities of the Union company pledged
equal to 1-12 of the principal
by the Phlla. Rapid Transit to
of all outstanding bonds of this issue when
secure the Rapid Transit’s
due, and an amount equal to
$5,000,000 collateral trust bonds due Feb. 1 1957
1-12 of the interest thereon and 1-12 of all taxes
(V. 87, p. 813).
The next problem. It Is stated. Is to overcome
payable by the Terminal
objection
Company ten days before such interest and taxes become due, and
that has been raised by shareholders of the
Union Traction Co. to the sur¬
agrees
also to pay its share of the total expenses of
render of the stock in
operation and maintenance of
question.
the terminals proportionate to the use thereof.
The “Phlla. Press” of Nov. 17 said: "The stock
If one or more of the pro¬
($2,800,000) is full paid,
prietary companies should default in its obligations under these
and the only charge against the road Is the
agreements,
$10,000,000 4% bond Issue.
the remaining companies or company must make
The fact that the Market Street
up all deficiencies ratably,
company Is to-day earning 4% or more on
and the defaulting company or
Its $2,800,000 capitalization over
companies will be excluded from the use
and above Interest charges, costs of Im¬
of terminals.
The combined surplus Income of the above 12
provements and taxes Is another reason why the Union
railroad com¬
Traction wishes to
panies for the last fiscal year ended June 30 1910, alter payment of all their
hold on to this valuable asset. For the
year ended June 30 1910 the gross
fixed charges, exceeded $108,000,000.
Additional proprietary companies
earnings of the elevated and subway were $1,907,271. The
operating costs
may be admitted to the use of the facilities, in which event the
are said to be about 45%, which would
leave net earnings of $1,049,000.
by the said companies are to be correspondingly adjusted, butpayments
From this Is deducted $400,000 bond
without
interest, leaving a surplus of $649,000,
affecting the obligation of each company to pay its ratable share of
which, after Improvements, taxes and licenses, leaves a net surplus
any sums
appli¬
payable by any defaulting company or companies.
cable to stock of about $112,000, or 4%.
Since June the earnings have
The above agreements are specifically
Increased and for the present year they are expected to
assigned to the trustee as a part of
exceed
$2,300,000.
the security for these bonds, which are also (1) a first
Compromise with Car Men.—The demands of the Carmen’s Union, who
mortgage on all prop¬
erty and franchises now or hereafter acquired by the company for
on Nov. 5 voted to
strike, was settled on Nov. 8 through a compromise
the new
union station, passenger and freight terminals and
agreement reached through arbitration.
The only question Involved was
rights of way; (2) a first
mortgage on the properties formerly owned by the Union
what men should be considered loyal with reference to the
Depot
strike of Febru¬
prising the present passenger terminal in Kansas City, and (3) a Co., com¬
ary last and therefore entitled to priority rights.—V. 91,
mortgage
p. 1161, 946.
on the properties
formerly owned by the Kansas City Belt Ry. Co.,
subject
Southern
Pacific
only to $2,500,000 1st M. 6s of that company, which will be
Pacific Electric
paid on or
before their maturity. July 1 1916.
[The description furnished of existing
V.
p.
393.
prooerties an 1 conte-mlatel lmD-w neats is in V. 90, d.
627—El.]
The above roads will form a complete belt
RR.—Sale.—See
line, connecting all the rail¬
Florida.
roads entering the city and reaching several hundred
Important
industries.
The present plans include a total of about 188 miles
of main and Industrial
railroad tracks, four local freight stations,
—President J.
passenger, freight and switching
offers to pay on behalf of
yards, roundhouses and shops, as well as the union
passenger station.
The
interests not disclosed
estimated cost of the properties as now
the
designed (Including real estate) Is
as
in excess of $30,000,000.
Construction is now in progress, and should be
$25
per
share
for stock offered up to
completed within the next three years. Most of the real estate has
already
Dec. 1.
been acquired.
The ordinance signed by the Mayor of Kansas
stock,
City, Mo.,
on July 7 1909 was
approved by the people at an election held for that
Mr Cochran says:
“The price offered is all the stock^ls worth and
purjust
what I am receiving.”—V. 90, p. 1678.
theofcompany
a franchise
or a term of 200 years.
The combined population
Kansas City, Mo.,
and Kansas City, Kan., has grown from
Toledo
St. Louis & Western
58,985 in 1880 to 215,170 in 1900
year:
and 330,712 in 1910.—V. 91, p. 1025, 589.
June 30.
Gross
Net {ajter
Other
Fixed
Pref. Div.
Balance
Year—
Earnings.
Taxes).
Income.
River
Charges.
(4%).
Surplus.
Coal & 1909-10
$3,772,636 $1,222,717 $528,547 $1,001,715 $398,104
$351,444
Co. under “Industrials” below.—V. 88, p. 375. 1908-09
3,428,644
1,202,212
747,698
1,011,615
398,104
540,191
Other Income as above Includes dividends received from
& Alton
Coal & stock owned (amounting to $836,000 In 1908-09), while Chicago
charges Include
under “Industrials” below.—V. 86, p. 1409. Interest on bonds Issued to acquire C. & A. stock ($360,140
in 1908-09).
—V. 91, p. 1328.
■
and
Angeles
Angeles Railway Cor¬
Philadelphia Rapid Transit
George W. Elkins,
stipulations
special
Stotesbury
has,
understood,
making
possibly $10,000,000
bonds,
by pledge of
outstanding
($2,800,000;
$50,
$100)
Passenger Ry. (subway
elevated).
Co.—Purchase.—See
Ry. above.—
91,
590.
Sparks Western
Georgia &
Susquehanna Bloomsburg & Berwick RR.—Offer for Stock.
Henry Cochran
((possibly
Pennsylvania RR.,
rumored)
Outstanding
(par $50)
$1,000,000.
J>ose by a vote of 24,593 for and 714 against, giving
RR,—Report.—For
Lehigh & Hudson
Ry.—Bonds.—See Lehigh
Navigation
Lehigh & New England RR.—Bonds.—See Lehigh
Navigation Co.
Lehigh Valley RR.—To Be Listed in New York.—The
di¬
rectors on Nov. 16 instructed the officers of the
company
to apply for the listing
of the stock, which has been traded
in for many years in
Philadelphia, on the New York Stock
Exchange.—V. 91, p. 463, 402, 393.
Los Angeles Railway
Corporation.—Purchase.—The addi¬
tional mileage purchased by this
company (V. 91, p. 1254),
it is announced, embraces 125 miles of local
lines (being all
the “red lines”) in Los Angeles.
The purchase was made
from or through the Pacific Electric
Ry. and embraces, it is
understood, the system of the former Los Angeles Traction
Co., owned of recent years by the Los Angeles Interurban
Ry V a subsidiary of the Pacific Electric Ry. This gives the
Los An. Ry. Corp. a total of 350 miles of track.
United Railways & Electric Co.,
Baltimore.—Options
Asked.—A press report says that a Baltimore
brokerage firm
supposed to represent the Pennsylvania Water & Power Co.
has been soliciting options on targe blocks of United Rail¬
& Electric Co.
common stock at$20 a share.—V. 91,p. 39.
Pittsburgh Terminal Ry.—Extension of Time for
Deposits.—Notice is given by the Chaplin committee, by
advertisement on another page, to the holders of
4% 1st M.
bonds and certificates of deposit of Central Trust Co. of
ways
Wabash
New York, representing these bonds, that the time for the
deposit of bonds and certificates of deposit with the Colum¬
bia Trust Co., 135 Broadway, New York, and its
agents,
has been extended to Nov. 21.
After that date no deposits
The new directors of the Los Angeles
will be received except in the discretion of the committee
Railway Corporation are H E
Huntington, Pres.; Howard Huntington* Vlce-Pres. and Gen.
Mgr • w’ E*
and on such terms as it may fixy> and the committee will
Dunn* Albert Crutcher, J. E. Brown; (L-A- Henderson and G.
C. Ward’
Those who resigned are W. F. Herrin, I, W. Heilman Jr. and J.
thereafter consider itself at liberty to act
K. Harring¬
only for its “own
ton of Santa Barbara.—V. 91, p. 1254i\>'B
depositors. Compare V. 91, p., 1255, 1162.
Metropolitan Street Ry., New York.—Foreclosure Sale Ad¬
'
Washington Baltimore & Annapolis Electric Ry.—Plan^journed.—Judge Lacombe in the United States Circuit Court Further
Data.—A brief outline of the plan dated Nov. 9 was
,
1387
THE CHRONICLE
Nov. 19 1910.!
given last week (p. 138). The committee consisting of George
T. Bishop (Chairman), John L. Severance, Hinsdill Parsons,
George A. Craig, John Sherwin and John J. Nelligan, 1000
Schofield Building, Cleveland, Ohio, sends out the following:
Capitalization of Proposed Successor of W. B- & A. El. Ry. and of Balt. Ter.Ry.
Authorized.
Issued.
Unissued.
First mortgage bonds
$7,500,000 $5,000,000 $2,500,000
initial
Canadian Car & Foundry Co.—First Dividend.—An
dividend of 2% has been declared on the $3,500,000 common
stock for the year ending Sept. 30, payable Dec. 15 to hold¬
ers of record Nov. 20.
Regular quarterly dividends have
Pref. stock 6% non-cumulative
1,460,000
1,040,000
2,500,000
Common stock
3,000,000
3,000,000
Of the bonds to be Issued, $217,000 thereof are to be certified and placed
In the treasury for sale, If required, and the remainder are to
and delivered only for extensions and additions, &c., to the property, as
the 7% preference stock since Jan. last.
Cleveland (O.) Electric Illuminating Co.—New Stock.—
certificate was filed Nov. 9 increasing the authorized capital
been
paid
A
stock from
on
$10,000,000.—V. 90, p. 505.
Clyde Steamship Co.—Guaranteed Bonds.—See Clyde
Steamship Terminal Co. below.—V. 91, p. 466.
Srovlded
by the
deedspent.
and disposed of on the basis of not exceeding
fortrust
0% of bonds
amount
Clyde Steamship Terminal Co., Jacksonville, Fla.—Guar¬
Adjustments of fractional amounts of pref. stock, given In payment of
Interest on bonds, will be made in cash.
Where a bondholder Is entitled anteed Bonds Offered.—Spencer Trask & Co., N. Y., Albany
to
fractional share exceeding a half share, he will be required to pay suffi¬
Boston and Chicago, are placing at 99 and int. $500,000
cient cash to entitle him to a whole share, and where such fraction Is less
half share the amount thereof will be paid In cash.
than
1st M. 5% guaranteed gold bonds dated Oct. 1 1909 and
Right to Subscribe for Underioriting of $600,000 Pref. Stock.
due
Oct. 1 1934, but redeemable at 105 and int. on any int¬
Preferred
Common
Stock.
(as Bonus)
erest date.
Sinking fund for cancellation of bonds $20,000
Present 2d M. bondholders for pref. stock at par
$100,000
$500,000 per annum, commencing Oct. 1 1912. Guaranteed both as to
Present Ry. stockholders for pref. stock at par (but
below)
500,000 2,500,000 principal and interest by Clyde Steamship Co., by endorse¬
$6,500,000 to
be certified
a
a
see
Stockholders may subscribe for pref. stock in amount equal to 10% of
their present stockholdings, but the committee reserves
to
all subscriptions to 8% of their present stock holdings, the same being neces¬
sary In case more than 86% in amount
In cases where a subscriber is entitled to a fractional share, and where
such fraction exceeds a half share, he will be permitted to underwrite a
full share.
In cases where the. fraction is less than a half share, the right
to subscribe will be reduced by such fractional amount.
Subscription
are
available
only on deposit of 2d M. bonds and stock.
rights
Of the Indebtedness contracted prior to and under the receivership, ap¬
the right
reduce
of stockholders subscribe.
proximately $400,000 thereof is of a nature to require the payment of the
same In cash upon reorganization, representing payment In full for 10 new
cars, cost of Lombard St. freight terminal, reconstruction of tracks of Wash¬
ington Ry. & Electric Co., so as to permit operation of the railway com¬
pany’s cars In Washington; and costs of receivership and the payment of
the same by tne issae and sale of preferred stock relieves tiie present
bearing securities for the new canital: (2) to preserve stock control. .
The issue of bonds, par for par, as to principal to the railway company
1st M. bondholders and to the terminal bondholders, and of preferred stock
for interest, liquidates in full the entire amount due on all such bonds, and
thereof
dividend-bearing
securities.
gves of
to $400,000
the holderspref.
stockInterest
to the and
2d M.
bondholders, with
the rightThe
to
me
subscribe for an amount of underwriting equal to
their bonds, should fully protect the equity of the
give them
property.
1-10 of the par value of
2d M. bondholders, and
chance to participate in the anticipated development
The allotment of the remainder of the underwriting
a
of the
to the
Eresent
dividendto them
an (2)
opportunity;
to acquire
earing stockholders
securities for gives
the new
to preserve(1)stock
control.
capital
Estimate
of Earnings of
Reorganized Properties—Status.
1910, viz.: the
Three changes of great Importance took place March 1
substitution of the 1,200 volt direct current power system for the alternating
current system originally Installed; the operation of through cars to the
down-town district in Washington, and an advance In rates of fare. (V. 90,
p. 1172, 448; V. 89, p. 1224).
IftThe results of operation since March 1 indicates that for the 12 months
ending with February 1911 the net earnings should equal the amount which
will be required the following year for interest and taxes, and leave a sur¬
plus of approximately $60,000, or slightly in excess of 4% on the new pref .
stock, an l this suouid un tounte lly oe exceeded in the future
flfeThe properties are at present encumbered by mortgage indebtedness to
the amount of $6,145,000, with an outstanding capital stock of $5,783,000.
bond Issue of $5,000,000, pref.
with $217,000 of bonds
capital in the treasury, the reduction In outstand¬
ing capitalization exceeding $2,500,000.
The consummation of the plan adopted Is conditioned upon the deposit of
The new company will have an outstanding
stock of $1,460,000, common stock of $3,000,000,
and ample cash as working
securities of the different classes to an
cessful operation of the plan.
amount sufficient to insure the suc¬
ment on each bond.
at Bankers’ Trust
$500,000.
No deductions for taxes. Int. A. & O.
Co., trustee. Auth., $700,000; issued,
A circular says in part:
1909 the earnings of the guarantor company, be¬
yond fixed charges, were equal to more than ten times the annual bond
fund
(As f
Interest and sinking
on the $500,000 bonds now offered.
guarantor company see V. 82, p. 336, 511, 807; V. 88, p. 233; V. 91, p. 466.)
For the calendar year
Abstract of Letter from H.
H. Raymond, President of Clyde
SS. Term. Co.
and personal property and fran¬
with the proceeds of the bonds.
Real estate owned includes about two city blocks with frontage of 735 ft.
on the St. John’s River; also a plot, 116 x 262 ft. at Bay and Market streets.
The company, whose property is leased to the Clyde Steamship Co. for 99
years) the latter agreeing to pay the principal and interest of the bonds,
the annual sinking fund, taxes. Insurance, maintenance, &c.) Is now con¬
structing modern steamship terminals embracing three piers, each approxmately 440 ft. In length (two of them 135 ft. and one 150 ft. In width), with
depressed railroad tracks running through the centre, so that the car plat¬
forms are on a level with the floor, resulting in quick handling of freight.
The piers rest on creosoted piling to rock bottom, about 40 ft. below
level of river; buildings steel framed with exterior of corrugated Iron, thus
practically fireproof.
Two of the piers should be ready for use in January
1911, the third shortly thereafter.
When finished the property should be
worth over $1,000,000 and could be duplicated only at a prohibitive cost.
The Clyde Steamship Co. has been operating to Jacksonville for about
25 years, and now operates 6 steamers each way, per week, between Jack¬
sonville, New York and Boston.
The company owns 20 steamers and
operates 7 distinct routes, as follows:
New York, Charleston & Jackson¬
ville Line; Boston, Charleston & Jacksonville Line; New York Wilmington
& Georgetown Line; New York & Philadelphia Line; St. Johns River Line,
and New York to San Domingo.
The outstanding capital stock is $14,000,000 and in 1908 it paid 4%; in 1909, 3%, and In 1910 will pay 4%.
Jacksonville is the commercial metropolis of Florida.
Present popula¬
tion of city proper about 59,000; in 1900 about 29,000.
Gross tonnage of
vessels in 1909 was 3,218,697; in 1908 was 1,894,938; bank clearings 1908,
A first mortgage upon the entire real
chises now owned or hereafter acquired
$73,194,127; 1900, $12,642,935.
Detroit Edison Co.—Dividend Increased.—A quarterly
dividend (No. 7) of 1 z/i% has been declared on the $5,000,000
stock, payable Jan. 15 1911 to holders of record Jan. 3 1911,
comparing with 1^% in October and July last and 1% quar¬
terly prior thereto, beginning July 15 1909, when distribu¬
tions were begun.—V. 91, p. 398.
It is thought likely that the remaining
$1,500,000 of the
Deposits.—Notice is given that after November 29 1910 $3,000,000 6% debentures authorized in Feb. last will be
terminal company bonds and railway company 1st and 2d issued early in 1911.
Of the $1,000,000 convertible 6s
M. bonds will be received for deposit by the depositories issued in 1906 and due in Sept. 1911, about $100,000 have
(the Cleveland Trust Co., Cleveland, O., and Safe Deposit been converted to date.
& Trust Co. of Baltimore/ Md.) only on the payment of the
Earnings.—For the 10 months ending Oct. 31:
sum of $10 for each bond deposited, and railway company
Gross.
Net.
Bal., Sur.
10 Months—
Charges.
$2,236,204
$906,016
$442,757
$463,259
stock will be received for deposit only upon the payment of 1910
671,852
1909
1,604,462
389,288
282,564
25 cts. per share.—V. 91, p. 1328, 1162.
Dividends at the present rate of 7% on the $5,000,000 stock call for
$350,000 yearly, or $291,666 for the ten
months.—V. 91, p. 398.
General Motors Co.—Dividend.—The directors on
MISCELLANEOUS.
Express Co.—Strike Settled.—The express driv¬
INDUSTRIAL, GAS AND
American
ers and helpers of the various companies employed in New
York voted on Saturday last to end the strike on the terms
offered b}' the companies, thus ending the same.
Compare
V. 91, p. 1329, 1162.
American Sugar Refining Co.—Director Resigns.—Horace
Havemeyer, son of the late H. O. Havemeyer, formerly
President, has resigned from the board of directors, and has
also announced his intention of giving up his position as head
of the sales department on Jan. 1.
,
Arthur Donner, the only remaining representative of the Havemeyer
Interests on the board, has already announced that he will not accept reelection when his present term expires.
The voluntary retirement
two men will give the New England contingent the dominating
in the company.—V. 91, p. 216.
of the
Influence
Arnold Print Works, North Adams, Mass.—All 1st M. 6s
Colled.—All of the $3,599,800 1st M. 6% gold bonds dated
Dec. 1 190S and maturing Dec. 1 1913 have been called for
payment at par and int. on Dec. 1
1910 at the Old Colony
to
Trust Co. and the City Trust Co., Boston.
The funds
meet these obligations were obtained through the sale of
four plants mentioned last week.
See V. 91, p. 1329.
the
Boston Woven Hose & Rubber Co.—Dividend Increased.—
A quarterly dividend of
on the $750,000 common
has been declared, payable Dec. 15 to holders of record
Nov. 5, increasing the regular annual rate from 8% to 10%.
On Nov. 1 an extra dividend of 2% was paid, making total
of 10}4% for the year on the common stock.—V. 89, p, 45.
stock
declared the usual semi-annual
Nov. 12
dividend of 3J^% on the
7% cumulative preferred stock, payable Nov. 30 to holders
of record Nov. 21, being the same amount as in April and
Oct. 1909 and Apr. 1910, the distribution having been tem¬
porarily deferred pending the consummation of the financial
arrangements recently made (see below).
New Directors.—The following directors, who were named
by the voting trustees, have been elected:
W. C. Durant, re-elected, and Anthony N. Brady, James J. Storrow,
Albert Strauss, J. H. McClement, Nicholas L. Tilney, Richard Lukeman
Jr., George Reichert Jr., Benjamin F. McGuckln, Herbert L. Carlebach
Arthur P. Bush Jr., to succeed William E. Eaton, Curtis R. Hathaway,
J. T. Smith, William J. Mead, Henry Henderson, A. M. Bentley,
and
Samuel
Campbell and W. C. Leland. The
McLoughlln, Schuyler B. Knox, E. R.
last four named new directors were elected to hold office temporarily, as
is understood that they will be replaced by representatives from Detroit.
Status.—Vice-Pres. Durant issued the following
it
statement.
banking syndicate
Higginson & Co.
concluded, and
result the
Immediately to pay its
payment of
The arrangement entered Into with the New York
headed by J. & W. Sellgman & Co. of New York and Lee,
of Boston (V. 91, p. 948, 1028, 1098) has been
as a
company has received sufficient funds to enable it
Checks for the
entire debt and the debt of all its subsidiaries.
all matured obligations are now being mailed.
To provide for repayment of these advances,
company
the
has Issued
$15,000,000 of 6% 5-year sinking fund gold notes of a total authorized Is¬
sue of $20,000,000, secured by a first lien on the manufacturing plants of
the subsidiaries to the Central Trust Co. of New York, as trustee.
Pursuant to an agreement with the bankers, a majority of the outstand¬
ing capital stock of the company has been deposited with the Central Trust
Co. of New York, as depositary, to
be voted, until repayment of the notes,
by James N. Wallace, Frederick Strauss, James J. Storrow, William C.
Durant and Anthony N. Brady, as voting trustees.
Provision has been made by which the financial affairs of the company
shall be under the immediate supervision of a finance committee which will
Include representatives of the banking firms.
The management believes
that the financial arrangements which they have made place the company
In excellent shape for the successful prosecution of its Business.
See full
particulars in V. 91, p. 948, 1028, 1098.
in Montreal.—The
Notes all Sold.—The bankers announce that the $15,000,$1,511,400 common
stock, $635,000 pref. A and $635,000 pref. B.—V.91,p.394. 000 first lien 6% gold notes have been sold in advance of a
^'Brooklyn Union Gas Co.—New Director.—James H. Jour- public offering, for permanent investment in this country
dan has been elected a director to succeed his father, the iate and abroad, and that there will therefore be no public offer¬
The new mortgage secur¬
James Jourdan, and has been made Third Vice-President, ing, as originally contemplated.
ing
the
notes
has
been
filed
for
record.—V.
91, p. H63,
a new position just created.
No successor to Genl. Jourdan
1098.
-as President has been chosen.—V. 91, p. 1097.
British Columbia Packers.—Listed
Montreal Stock Exchange has listed
1388
THE
CHRONICLE
Goldfield Consolidated Mining
Co.—Report.—For year:
Oct. 31.
Product'n
Net
Year—
(Tons)
Earnings.
1009-10
266,867 37,396,611
1908-09
194,479
5,026,620
—V. 91, p. 657. 339.
Depre-
Dividends
ciation.
Paid.
3373,543
(20%)$7,117,696
(9%)3,201.239
amount of it with investors and institutions
both here
and in
Europe. The
preferred stock will be entitled to divi¬
dends from Dec. 1
1910, payable quarterly. The $1,000,000
new common stock has
been subscribed for by the
present
owners of the
property.
The new
pref stock will be a first charge on the net
earnings of the com¬
pany, which, for the last five
years, averaged about 31.400.000, or
three times the annual
almost
dividend on the 37.000,000 7%
pref. stock to be
Issued, or at the rate of about 20%
annum
per
thereon.
six years dividends
During the last
at the rate of 8% per annum were
paid on the common
stock then
outstanding. Application will be made to list the
°n the New
pref. stock
York Stock
The board of directors Exchange.
will be
to nine, and Wm. H.
Chairman of the General ChemicalIncreased
Nichols,'
Co. of New York; Wm. A.
dent of the Corn
Nash, Presi¬
Exchange
Bans of New York, and Henry Ruhlender of
Speyer & Co., will enter the directorate.
J ne
company contemplates a uong the
improvements the building of a
battery of clast furnaces at Monessen
to supply the
company with Its own
pig iron, the ground for which
was acquired some time
ago, and It is an¬
nounced that the contracts
for the ore, coke., have been
placed.
increase in capital stock merely
represents a stock dividend of the
surplus acquired. We shipped last season over 4,200 cars and we
have
already contracted to deliver over 10,000 Hudsons for 1911.
[Directors—
J. L. Hudson, Chairman of Board:
R. D. Chapin, Pres.; H. E. Coffin, VlcePres.; F. O. Bezner, Sec.; R. B. Jackson, Treas. & Gen.
Mgr.
Huebner-Toledo Breweries Co.—Dividends Resumed.—A
dividend of 1}^% has been declared on the
$1,278,000 6%
non-cumulative preferred
stock, being the second payment
same rate since the
6% paid in 1906 and 1907.—
V. 89, p. 289.
at the
Option of Exchange.—The Union
Ingersoll-Rand Co.—Common Stock Increased.—The stock¬
holders voted Nov. 16 to amend the charter
by increasing the
authorized common stock from
gives notice
$5,000,000 (of which $3,outstanding) to $10,000,000, so as to provide
for the retirement of the
$4,800,000 pref. stock, &c. Com¬
pare V. 91, p. 1098, 1028, 719.
'Intercontinental Rubber Co.—Report Denied.—An of¬
ficial of the company denies that the retirement
of an addi¬
tional $500,000 preferred stock is
likely
to be authorized
next month.—V.
91, p. 1325, 948.
International Time Recording Co.—Dividend Increased.—
A dividend of 3% has been declared on
the $1,075,000 com¬
mon stock,
payable Dec. 1 to holders of record Nov. 20, com¬
paring with 1% each on the first days of Sept., June, March
and Jan. last.
Compare V. 89, p. 1351.—V. 89, p. 1671.
Inter-State Independent Telephone &
Telegraph Co. (of
N. J.), Aurora., Joliet,
&c., Ill.—Bondholders’ Protective
Committee.—A committee has been formed to act for
the
bondholders consisting of
Charles
The offer stands until 10 A.M.
Nov. 19 and bondholders desiring to avail
it must present their
bonds at the office of the trust
before that date and receive
company
therefor temporary certificates
them to new preferred
entitling
stock as and when issued.
The right Is reserved to
withdraw the offer at any time
without notice.—V. 85. p. 1272.
themselves of
Owing to the number of applications received here and
abroad, Speyer & Co. have been compelled
to considerably
reduce the allotments to
participants in the purchase syn¬
dicate for the preferred stock.—V.
85, p. 1272.
Ray Consolidated Copper Co.—Convertible Bonds.—The
shareholders on Nov. 16 authorized an issue
of $3,000,000 of
1st M. 10-year 6%
gold sinking fund bonds and $2,000,000
additional stock, of which
$1,500,000 is to allow for the con¬
version of the bonds into stock at 20
(par value $10). Com¬
pare V. 91, p. 1264, 1250.
Rhode Island Goal Co., Boston.—Mr.
Jermyn of Scranton
Made Vice-President.—On Nov. 15
Edmund B. Jermyn, of
the firm of Jermyn &
Co., coal operators, Scranton, Pa., was
elected Vice-President and
G. Dawes, President of the Central
S. Castle, President of the Standard Trust & Trust Co. of Chicago; Charles
Savings Bank, and Joseph E.
Otis, President of the Western Trust &
Savings Bank.
Bonds may be
deposited with the Western Trust & Savings
Bank On or before Nov. 30,
either with or without the
coupons due Oct. 1 1910.—V. 91, p. 1256, 875.
Lehigh Coal & Navigation Co.—New Collateral Trust Loan.
$1,750,000 collateral trust 43^% gold loan
recently
by Brown Bros. & Co. (V. 91, p. 1098), is secured
by
deposit of the following securities
value of $2,307,500)-with the Guarantee (representing a par
Trust & Safe Deposit
Co. of
as
—The
offered
Philadelphia
trustee:
Pledged. Tot. Issued
gen. M. 50-year
do
50-year 5% consols, due Oct. 1 1953_4s,...3850,000 3850,000
107,000 1,380,000
Lehigh & DelawareRR. Co. 50-year 5% gen. M.
bonds.-650,000
650,000
Lehigh & Lackawanna RR. Co. 1st M.
due 1907), now extended to Dec. 1 1930 (originally 7s,
at 5%
100,000
100,000
&
Lehigh
Hudson River Ry. Co. 30-year 5%
gen. M
160,000 1,320,000
Do
do
13-year 4% debenture bonds, due July 1
1920104,000
400,000
Lehigh Coal & Nav. Co. 50-year 4%
funding and Im¬
provement bonds, due July 1 1948
149,000
Eastern Pennsylvania Railways Co. 1st M.
4,173,000
30-year 5s-_187,500 3,098,000
The company has “the
right,
with the written assent of the
which assent must be given unless In Its
trustee,
judgment the bonds offered Jn sub¬
stitution are not of equal value with that
of the bonds sought to be
drawn from time to time, to withdraw
with¬
any of the bonds hereby pledged as
collateral and to substitute therefor other
bonds of equal value, and It
shall be the duty of the
trustee, upon demand made
to make transfer and
the Lehigh Company,
delivery to It of any of theby
bonds hereby pledged
upon receipt of others tendered In
exchange
therefor
when
a certified copy of
accompanied by
resolution of the board of
managers of the Lehigh Compahy requesting such substitution and
certifying that the value of the bonds
so tendered in
exchange Is equal to the value of the bonds so to
be with¬
drawn.”—V. 91, p. 1098.
_
Lehigh & New England RR. Co.
Do
Pittsburgh
to the holders of 1st M. and
coll, trust
on or
,
paying full dividends regularly on the old
pref. stock, and the accrued dividend amounts
to 12%.
A plan Is In con¬
templation for an exchange of the old
pref. stock for the new, but the
details have not been worked out.—V.
90, p. 113.
„
Trust Co. of
15-year 6%
bonds and gen.
mtge. 5-year 6% bonds that the Steel Com¬
pany proposes to redeem the same on Jan. 1
next, and offers
on behalf of
Speyer & Co. to deliver the new pref. stock at
99 in
exchange for the 1st M. and collateral bonds at 110 and
int. to Dec. 1, or
gen. mtge. bonds at 102
& int.to Dec. 1.
now
Knox Automobile Co.,
Springfield, Mass.—New Stock
Authorized.—The stockholders on Nov. 15 voted to increase
the authorized stock from
$1,500,000 to $2,000,000, the new
stock to be an 8% cumulative issue
similar to the existing
$500,000 preferred stock now outstanding.
The company has not been
LXXXXI.
large
Balance,
Surplus.
3278.915
1,451,838
Hudson Motor Car Co., Detroit.—Stock Dividends.—This
company during September last increased its capital stock
from $100,000 to
$1,000,000. Treasurer Jackson said:
The
000,000 is
IVOL.
Financial News”
General
on
Nov. 16 said:
Manager.
The “Boston
We understand that Mr.
Jermyn has acquired a considerable Interest In
the stock, but that the control still
remains with Mr.
Whitney and Mr. Foss.
The company has received an offer for
20,000 shares of stock at par
(|10
per share) and has voted to sell: but the first
offering of It will be made at
this price to the stockholders [of record
Nov. 18].
The
proceeds, 3200,000,
will go directly Into the treasury. There are now
outstanding 400,000 shares
so that with the new Issue
the stock outstanding will amount to
420,000
shares, leaving 80,000 shares In the treasury.
Description.—The “Coal Trade Journal” of New
following from an official source:
The
Oct. 26 had the
York
on
mines of the Rhode Island Coal Co. are
situated at Portsmouth,
R. I., 60 miles from Boston,
being located not over 100 yards from the
N. Y. N. H. & H. RR. and only about 600 feet
from deep water. There are
two slopes, 1,800 feet apart,
running to a depth of about 1,600 feet,
and connected by tunnels; a modern
plant patterned after those In the coal
regions of Pennsylvania, a breaker with a
capacity of 100 tons an hour,
and a Zwoyer briquetting plant for
using up the fine coal, capacity 20 to
25 tons an hour.
The coal Is a hard anthracite of a
grayish color, burns with
a long,
steady, hot flame, and is giving the most gratifying results.
It
makes a very lasting fire and Is
proving very economical, burning up clean
and leaving a red ash free from clinkers.
The coal will be retailed for 31
per ton less than corresponding sizes of Penn.
coal.
The breaker was put
In operation Oct. 1, and at
present the output Is about 200 to 250 tons
per
day, which will be rapidly Increased as the
underground work of widening
and double-tracking the
slopes, &c., is completed.
[The
company
makes
the coal ignltable by a chemical
process—Ed.] See also V. 89, p. 533.
to
Sears-Roebuck Co., Chicago.—Stock Dividend
of 33 1-3%
Holders
of Common Stock.—The directors on Nov. 12 voted
to recommend the payment of a stock
dividend of 33 1-3%,
or
$10,000,000, to common stockholders of record April 1
1911.
The recommendation will be submitted to
the stock¬
holders for ratification Feb. 27
1911, which is the date of
the annual meeting.
There is also
$8,800,000 pref. stock
Outstanding.—V. 90, p. 1048.
Shannon Copper Co.—Report.—Year
ending Aug. 31:
Fiscal
Gross
Net
Interest
Municipal Water Works Co., Fort Smith, Ark
DevelopTaxes
Balance,
Year—
Sales.
Profits.
by Court for Proposed Sale to City.—See “Fort —Valuation 1909-10.
Paid.
ment.
Paid.
Surp.
32.418.071
Smith,
3286,914
Ark.,”
319,700 343.809 332.918 3190,487
in “State & City” department.
1908-09
V. 91, p. 521.
2,407,862
171,718
23,810
48.221
15,349
84,338
There were produced during the year 1909-10
P National Surety Co — Stock Dividend.—The 33
311,456 tons of ore, against
307,271 In 1908-09. Sales In 1909-10 were 17,924,198 lbs. fine
1-3%
stock
copper,
dividend ($250,000) just declared will
be distributed to 1,813 oz. gold and 116,281 oz. sliver.—V. 91, p. 399.
shareholders of record Nov. 30.
Standard
Oil
Co.—Acquisition.—The company has ac¬
Compare V. 91, p. 1331.
New Director.—Darwin P.
quired the holdings of the J. C. Trees Oil Co. of Pittsburgh,
President
Kingsley,
of
the
New York Life Insurance
Co., has been elected a director. at Caddo Parish; La., about 25 miles north of Shreveport.
—V. 91, p. 1331.
The purchase price of $9,000,000 reported in the
newspapers
is
Niles-Bement-Pond Co.—Change in
to be largely in excess of the amount paid.
Redemption Date.— Thepronounced
The shareholders will meet Dec. 15
following is unofficially reported:
for the purpose of
The Louisiana field, about 104,000 acres, produces a
chang¬
ing the time at which the preferred stock
high-grade oil, and
the dally production is said to be about
The stock Is
may
be redeemed.
subject to redemption at 105 from Jan.
1911, but It Is
proposed to defer the operation of the
redemption feature to on or after
the first Monday In
January 1921.—V. 89, p. 1545.
now
Pittsburgh (Pa.) Stool
Co .—Payment of Entire Bonded
Debt—Extensive Improvements
to
Plant—Sale
of $7,000,000
New 7% Pref. Stock to
Speyer <fe Co.—Additional Directors.—
This company,
large wire manufacturers of Pittsburgh, pro¬
poses to call and pay off its
$3,750,000 bonds on Jan. 1 1911,
and for this
purpose, and to furnish additional
working capital
and funds for the introduction
of further economies in manu¬
facture, will increase its capital stock
sisting of $7,000,000 new 7% cumulativeby $8,000,000, con¬
stock and
$1,000,000 additional common stock. preferred
The
capitalization
will then be:
Pref. stock,
$7,000,000; common stock, $7,000,000. Speyer & Co. have
purchased the $7,000,000 7%
cumulative pref. stock, preferred as to
both assets and divi¬
dends, and redeemable at 120 at the
option of the company
on 3 months’
notice, and have already privately placed a
12,000 barrels.
This Is said to be
the largest deal In oil lands In the history of the
industry.
Favorable Decision.—Judge McCall in the U. S. District
Court at Jackson, Tenn., on Nov. 17 instructed the
jury in
the suit of the Government against the Standard Oil Co. of
Indiana on trial before him to return a verdict of not
of
guilty
accepting rebates, holding the evidence insufficient.
The Court had previously reduced the counts from 1,524,
based on the
number of shipments, to 46, the number of settlements,
and the possible
penalties from 330,480,000 to 392,000.—V. 91, p. 1098, 1040.
Union
rumored
Carbide
Co.—Possible
Dividend
the
Increase.—It is
Chicago curb that the company is likely at
an early day to increase its dividend rate from
6% to 7%
per annum.—V. 86, p. 672.
United Engineering & Foundry Co.,
Youngstown, O.—
on
,
Stock Increase Authorized.—The stockholders on
authorized an increase in the common stock from
to
$5,000,000.—v. 91.
P-
For other Investment News
S7S.
see page
Nov. 14
$3,000,000
S
-
1391.
N»T. 19
THE CHRONICLE
1910.]
1389
HUports and Qotnmmts.
-- - -'*n*
Jxiytnnnruvvv\nru\if>finravtfvtririr>rv,i~ -r~~m **
a■*■»■»*»«“■*-*r*r *‘V‘******“***
ATLANTIC COAST LINE RAILROAD COMPANY.
SEVENTY-SIXTH ANNUAL REPORT—FOR THE FISCAL YEAR ENDING JUNE 30 1910.
CAPITAL ACCOUNT,
Richmond, Va., November 15 1910.
To the Stockholders of the Atlantic Coast Line Railroad Co.:
The Board of Directors of the Atlantic Coast Line Railroad
Company respectfully submits the following report for the
fiscal year ending June 30 1910:
Miles owned June 30 1909
Miles not owned but operated under lease
4,366.64
and trackage
116.43
contracts
4,483.07
by this Company
Miles owned but not operated
7.05
4,476.02
Miles operated June 30 1909
Miles added during fiscal year:
Trackage rights acquired
Built during fiscal year:
Ft. Meade, Fla., to Tiger Bay, Fla
Additional lines to factories, mills, &c
6.76
.
3.34
6.62
9.96
1.97
Less sundry mileage adjustments
7.99
Total miles operated June 30 1910
4,490.77
Average mileage operated during
4,481.90
year
Mileage owned June 30 1910
4,374.63
INCOME ACCOUNT.
(+) or
)
Decrease (
Increase
1909
1910
+33,666,203 01
+1,760,217 68
.329,810,267 78 326,144,064 77
Operating revenues
Operating expenses & taxes 19,823,116 95 18,062,899 27
Net operating revenues,
less taxes
39,987,150 83
Other income.
2,947.155 97
38,081,165 50 +31,905,985 33
+427.282 83
*2.519.873 14
.312,934,306 80 310,601.038 64 +32,333,268 16
5,885,659 26
—38,031 27
*5,923,690 53
Gross Income
Interest and rentals
37,048.647 54
Miscellaneous deductions
from income.
Net income-...
-.-
34,677,348 11 +32,371,299 43
55,393 51
48,568 64
+6,824 87
36,993,254 03
34,628,779 47
+32,364,474 56
At the last annual
a
meeting
you
authorized the execution of
mortgage to secure an issue of $200,000,000 of 4 per cent
bonds, known as “Unified Fifty-Year Four Per Cent Gold
Mortgage,” dated November 16 1909. During the year
$15,009,000 of these bonds were issued.
At the last annual meeting you also authorized the issuance
of $23,562,500 of Convertible 6-30-Year Four Per Cent Gold
Debenture Bonds, payable November 1 1939, for the purpose
of retiring, at par, an equal amount of 4 Per Cent Certificates
of Indebtedness.
These bonds are subject to redemption
after May 1 1916, and, between January 15 1910 and Janu¬
ary 15 1920, if not redeemed, may be converted into common
capital stock at the rate of $135 of bonds for $100 of stock.
$10,346,120 of bonds of this issue were outstanding at the
.
close of the year*
Preferred stock to the amount of $1,398,100 was exchanged
for 4 Per Cent Certificates of Indebtedness at the rate of
$100 of stock for $125 of Certificates, leaving
ferred stock outstanding June 30 1910.
$198,500 of pre¬
During the year $23,072,300 of 4 Per Cent Certificates of
Indebtedness were exchanged for a like amount of Convert¬
ible Debenture Bonds and $9,000 of Certificates were ex¬
changed for an equal amount of Unified Bonds, leaving
$232,900 of 4 Per Cent Certificates of Indebtedness outstand¬
ing at the close of the year.
Common stock outstanding on June 30 1910 amounted to
$57,964,400, an increase of $9,426,800, issued in exchange
for $12,726,180 of Convertible Debenture Bonds.
CHANGES IN BONDED DEBT. CERTIFICATES OF INDEBTEDNESS.
FREIGHT CERTIFICATES AND NOTES.
First Consolidated Mortgage Fifty-Year 4% Gold Bonds Issued:
For Construction, Additions and Betterments
3858,300
Purchase-Money Mortgage 4% Fifty-
Jacksonville & Southwestern
Year Gold Bonds Issued:
Interest amounting to 3378,892 55 on bonds and certificates of Indebt¬
edness of the Company’s issues held in Its treasury is eliminated for purposes
of comparison.
INTEREST AND RENTALS.
1910.
1909.
Interest on Funded Debt
...35,252,227 64*34.741,877 79
t757,122 00
Interest on Certificates of Indebtedness
379,359 50
Interest on Freight Certificates
1,672 49
5,450 00
75,953 63
Interest on Gold Notes of March 1 1907
221,705 26
Interest on Equipment Bonds of March 1 1907
133,420 00
151,420 00
Interest on Brunswick
&
Western
Income
Bonds
2,750 00
3,300 00
40,276 00
Rentals
42,815 48
*
Exchanged for 3167.000 Freight Certificates
Unified Fifty-Year 4% Gold Bonds Issued:
For retirement of J. & S. W. Purchase-Money
Mortgage 4% Bonds, due Dec. 1 1954
32,000,000
For retirement of W. C. & A. RR. Co. 6% Bonds,
due June 1 1910
1*
1,600,000 /
For retirement
of Three-Year
dated March 1 1907
5%
167,000
Gold Notes,
5,000,000
6,400,000
...
For Construction. Additions and Betterments
Exchanged for 39,000 4% Certificates of Indebted¬
ness..
9,000
■
15,009.000
35.885,659 26 35.923,690 53
Four Per Cent
Interest amounting to 3273,260 55 on treasury securities is eliminated
for purposes of comparison.
t Interest amounting to 3105,632 on treasury securities Is eliminated for
purposes of comparison.
•
Operating
Operating
revenues increased 14.02 per cent.
expenses increased 9.86 per cent.
Taxes increased 7.99 per cent.
Net operating revenues, less taxes, increased 23.59 per cent.
The ratio of operating expenses and taxes to operating
revenues was 66.50 per cent, as compared with 69.09 per
cent for the previous year.
DIVIDENDS.
Dividends
paid
were
as
follows during the year:
344.877 50
33,195,060 00
To Preferred Stockholders 5 per cent, equal to
To Common Stockholders 6 per cent, equal to
OPERATING REVENUES.
1910.
1909.
Increase.
Express
962,526 06
608,301 17
Mall
Excess Baggage.
Miscellaneous
84,793 20
510,917 81
820,334 89
607,372 96
72,295 05
473,828 22
142,191 17 17.33
0.15
928 21
12,498 15 17.29
37,091 59 7.83
329,810,267 78 326,144,064 77 33,666,203 01 14.02
Total.
OPERATING EXPENSES AND TAXES.
Maintenance
and
of
structures
ment
33,760,196 85
33,566,702 57
4,275,965 88
499,323 00
3,681,456 75
430,092 13
594,509 13 16.15
69,230 87 16.10
9,227,835 72
8,520,713 87
850,835 82
744,396 09
707,121 85 8.30
106,439 73 14.30
89,421 82 7.99
Transportation expen¬
ses
General expenses
Taxes
1,208,959 68
1,119,537 86
3193,494 28
319,823,116 95 318.062,899 27 31.760,217 68
Total
%
1909.
Maintenance of equip¬
Traffic expenses
Increase.
1910.
way
5.43
9.74
FREIGHT-TRAIN MILES AND LOADING.
Average number of freight cars per train mile decreased
cent.
Average number of loaded cars per train mile increased
1.63 per cent.
;
f„
Average number of tons per freight train mile increased
2.61 per
3.75 per cent.
Loaded freight car
Empty freight car
mileage increased 10.36 per cent.
mileage decreased 4.07 per cent.
1,747,600
i
Convertible 6-30-Year 4 % Gold Debenture Bonds Isstied:
Exchanged for 323,072,300 4% Certificates of Indebtedness. 23,072,300
340,854,200
4
Freight Certificates retired
J. & S. W Purchase-Money Mortgage 4% Bonds
retired
W. C. & A. RR. Co. 6% Bonds retired
3167,000
2,000,000
1,600,000
*2,970,000
Three-Year 5% Gold Notes retired.i
Four Per Cent Certificates of Indebtedness exchanged
for Unified Bonds
9,000
Four Per Cent Certificates of Indebtedness retired..23,072,300
Seven Per Cent Certificates of Indebtedness (W. &
W. RR. Co.) retired
300
450,000
Equipment Trust Bonds retired
Brunswick & Western Income Bond retired
1,000
Convertible Debenture Bonds converted Into Com¬
mon Stock
1
12,726,180
42,995,780
%
320,870,397 12 318,328,176 31 32,542,220 81 13.87
6,773,332 42
5,842,059 34
931,273 08 15.94
Freight
Passenger
Certificates of Indebtedness Issued:
Exchanged for 31.398,100 Preferred Stock
Net decrease
*
32.030,000
32,141,58
were
retired during previous year.
IN
CHANGES IN HOLDINGS OF COMPANY’S OWN SECURITIES
ITS TREASURY.
First Consolidated Mortgage 4% Gold Bonds:
Drawn from Trustee
J. & S. W. Purchase-Money Mortgage 4% Bonds:
3858,300
167,000
Received for Freight Certificates retired
Certificates of Indebtedness:
197,525
Purchased
Unified Mortgage 4% Gold Bonds:
Drawn from Trustee.
— 15,000,000
Convertible 6-30-Year 4% Gold Debenture Bonds:
Received In exchange for Certificates of Indebted¬
2,838,300
ness
310,061,125
First Consolidated Mortgage 4% Gold Bonds sold for
31.000,000
3945,522 50 and Interest
J. & S. W. Purchase-Money Mortgage 4% Bonds
retired
2,000,000
Certificates of Indebtedness retired
2,838,300
Unified Mortgage 4% Gold Bonds sold at 92 net and
Interest
1— 3,011,000
Convertible 6-30-Year 4% Gold Debenture Bonds
sold at 98 net and Interest.....
500,000
....
,
\
Net
Increase
Treasury
in
.
.
,
•■W
9,849,300
securities of the Company in Company's
—
39,711,825
1390
THE CHRONICLE
TRAFFIC.
(jYOL.
LXXXXI.
In
May 1910 a contract was let for the construction of a
freight yard at Bennetts (near Charleston), S. C. This
yard will have a capacity of 1,405 cars and should be
ready
Gross earnings were the
largest in the history of your Com¬
pany.
The rate per ton per mile and per passenger per mile
were
practically the same as in the previous year.
new
about November 15 1910.
PreigTri—
Tons of freight earning revenue Increased
Tons carried one mile Increased
GENERAL.
10.30%
12.67%
8.73%
3.75%
Mileage of revenue freight trains Increased
Tons per freight train mile Increased
Reference
made in the previous year’s
report to the
viaducts at Pee Dee, Santee and Savannah rivers.
The Pee Dee River viaduct was
completed in February 1910,
the Santee River viaduct in
September 1910 and the Savan¬
nah River viaduct is now
practically complete. The viaducts
steel
Passengers:
Mum her of passengers carried Increased
STumher carried one mile Increased
was
14.74%
16.99%
9.43%
5.41%
in
question replace 7,504 feet of wooden trestle at Pee Dee
River, 7,280 feet at Santee River and 12,978 feet at Savan¬
nah River, a total of 27,762 feet.
OPERATING EXPENSES.
Your Company,
jointly with the Norfolk & Western Rail¬
The very satisfactory net results from the
way
Company, has undertaken the construction of the Wins¬
year’s business
must be attributed to the economical momentum which
ton-Salem Southbound
car¬
Railway, extending from Winstonried through the first six months to December 31 1909.
Since Salem, N. C., to Wadesboro, N. C., a distance of 88 miles.
that date such large increases have been made in
Construction of this line has been
wages and
actively in progress during
the cost of materials has advanced to such an extent that the the year, and it is
expected that the line will be ready for
increase in operating expenses in the month of
September operation about January 1 1911.
1910 has exceeded the increase in gross
In order to
properly handle the traffic which it is expected
so that the
earnings,
net shows a decrease as
will seek an outlet over the
compared with September 1909.
Winston-Salem Southbound
The increase in passenger and
freight train miles and in Railway, contracts were let in September 1909 for revision
loaded car miles is reflected in the
greater expense for repairs of grade and alignment of your line between Wadesboro,
of all classes of equipment.
N. C., and Florence, S.
C., a distance of about 65 miles, in¬
cluding
the relaying of the line with 85-lb. rail. It is ex¬
INDUSTRIAL.
pected to have this work completed about January 1 1911.
The increasing number of homeseekers
Included in the taxes paid during the
moving
to
points
year is the amount
on your lines made it
necessary, in the furtherance of the of $71,845 10 paid to the United States Government under
industrial development of your
territory, to appoint an addi¬ protest, covering corporation excise tax of one per cent on
tional Agricultural and
Immigration Agent, thus creating net earnings for the calendar year 1909.
two divisions of this department.
In common with
One agent will devote
practically all the railroads of the coun¬
his attention to the States of
Virginia, North Carolina and try, large increases were made during the year in salaries
South Carolina, while the bther will have
jurisdiction over and wages of employees. The greater part of the increases
the States of Georgia, Florida and Alabama.
were not effective until the last
months of the year, and
op¬
In the course of the year :2,966
settlers (heads of families) erating expenses for the period covered by this report
only
located on yoijir lines in the various States and
engaged in partially reflect the increased cost of
which will
agricultural pursuits, and : 168 factories, mills and other result therefrom. It is estimated such operation
increases will add at
manufacturing’ industries vfere located at local points on least $1,250,000 per annum to the operating expenses
of
your lines.
your Company.
j\
• •
Mileage of
Passengers
revenue passenger
trains Increased
per train mile Increased
[
DOUBLE TRACK.
The second track from Tar River to
distance"
Of..7.$2 miles, including
EQUIPMENT REPLACEMENT ACCOUNTS.
a new
Battleboro., N. C., a
double-track bridge
Tar River, was completed in December 1909.
During the ^ear work was under way on second track from
FoikstOn, Ga.j to Callahan, Fla., a distance of 21.86 miles,
including change of line at Callahan by which 91 degrees of
over
curvature
Balance to credit June 30 1909.
Credits During the Year:
From Operating Expenses:
$1,449,399 99
<
eliminated and the distance shortened
619^
feet.
This track'wasTmt in operation October 15 1910.
Contracts Were let for construction of second track from
Florence, S. 0., to north end of Pee Dee viaduct, a distance
of 9.85 miles, knd from
Ashley Junction, S. C., to Mt. Holly,
S. C., a distance of 13.25j
miles. The second track from
Florence to Pqe Dee Viaduct was put in
operation October 15
1910, and it i& expected that the second track from Ashley
-
63,658
531,062
11,994
2,826
__
85
82
81
29
$749.030 42
Operating Expenses:
Renewals, equipment destroyed
or sold:
For
6 locomotives
For
4 passenger train cars,
For 452 freight train cars
For 27 work equipment..,
*
:
:
......
Junction to Mt. Holly will be
ready for operation by No¬
vember 15 19i0.
j
'
At the clos0 of the year there were 93.53 miles of
double
track in operation.
’
v
.
$139,487 65
F6r floating equipment.
From
.
.
For passenger train cars
For freight train cars
For work equipment
were
.
.
Depreciation:
For locomotives
$12,663 42
.
.
_
From depreciation accrued prior to June 30 1907
From salvage, Are Insurance and
£.582 65
22,373 84
2,212 92
$46,832 83
$70,689 66
foreign roads..
116,478 34
*
334,000 *3
RAIL RELAYING AND INCREASE IN SIDE
TRACKS AND YARD
TRACKS.
Total Credits to Replacement Accounts
There were.;laid during
year 6.62 miles of additional in¬
dustrial tracks and 15.68 miles of side and
yard tracks, a
total of 22.3 miles.
There were Irelaid the following:
198.98 miles with 85-lb. new rail,
t«
ns
•«
“
ro
“
•«
.03
“ :
“
80 “
M
it
.24
“ :
70 “
1.16
“
80 “
released rail
•
“
$2,532,431 21
Charges to Replacement Accounts:
For cost value of equipment retired by destruotlon, sale or transfer to another class
$390,114 00
Less value at which equipment was transferred
to other classes.
29,700 69
...
*360,413 31
<(
“
“
.09
202.75
6.46
27.21
13.27
making
a
“ •
•*
“ J
“ i
“
“
75
70
60
56
50
“
“
“
“
total of 450.19 miles,
“
“
“
“
“
or
< *
4 4
«4
««
Balance to credit of Replacement Accounts June 30 1910
*
“
««
44
<«
10.75 per cent of your
entire main and branch line
mileage.
It will be noted that steady
progress has been made in
relaying your lines with heavy rail. At the close of the year
56.23 per cent of the total mileage was laid with rail
weighing
70 to 85 lbs. per yard^ 20 per cent of the total
mileage was
laid with 85-lb. rail.
.
This amount Is accounted for
as
$2,172,017 90
follows:
Depreciation prior to July 1 1907
Depreciation since July 1 1907..
Salvage, fire Insurance and foreign roads
Charged to operating expenses
$170,689 66
26,412 48
116,478 34
_
46,832 83
$360,413 31
The following
under car trusts
table shows the equipment owned and leased
hand at the close of the
past eight years:
on
NEW CONSTRUCTION.
Work
was
actively under
1903.
during the year in securing
right of way for a new line from Haines City, Fla., southward
to a point near Lake
Hare, a distance of about 46 miles.
This line will open up a fine territory, and the contract for its
construction was awarded in September 1910.
For many years your Company has been
using, under a
trackage arrangement, the line of the Seaboard Air Line
Railway between Garysburg Junction, N. C., and Weldon,
N. C.> a distance of 2.39 miles.
It is, of course, highly de¬
sirable that your Company should own and control its own
line between those points, and in
February 1910 a contract
way
wasdet for the construction of
Garysburg,
line; between Weldon and
including an elevated structure through the town
and a bridge across the Roanoke River with steel
o^jWeldon,
viaduct
approaches.
will
be 3,688 feet.
a distance of
burg,
a
The total length of the steel structure
The line from Roanoke River to
Garys-/
2.6 miles, will be double track.
Locomotives
Passenger train
cars
1904.
1905.
1906.
1907.
1908.
1909.
451
467
506
545
641
672
669
505
505
523
530
564
606
602
1910.
663
605
Freight train cars 13,972 14,439 15,530 18,108 23,009 24,668
24,508 24,581
Work equipment.
396
424
450
499
593
600
657
773
—
There
purchased and put in service during the year
baggage cars, 6 coaches, 1 officers,
box, 75 flat, 25 phosphate, 50 ballast and 2 plow cars
1 car barge.
In addition, 11 caboose and 3 box cars
were
2 combination mail and
500
and
built at the Company’s shops.
At the close of the year orders
were
were outstanding for-25
locomotives, 1,200 box, 125 flat, 100 high-side gondola* 4
express,
?
4 combination mail and express
cars
T. M.
H.
WALTERS,
Chairman.
and 6 coaches.
EMERSON, /
President.
1391
THE CHRONICLE
Not. 19 1910.
COMPARATIVE GENERAL BALANCE SHEET.*
June 30 1910.
ASSETS.
June 30 1909.
Property Investment—
Road and Equipment:
Investment to June 30 1907:
Road
1119,774,031 58
27,179,532 72
$119,477,049 75
27,179,532 72
Equipment
$146,953,564 30
Investment since June 30 1907:
$4,966,118 95
1,670,281 96
Road
$2,832,274 30
1,331,546 06
Equipment
General Expenditures
259,931 50
$146,656,532:47
259,931 50
6,896,332 41
4,423,751 86
$151,377,316 16
6,427,463 00
$153,552,914 88
7,079,586 24
Reserve for Accrued Depreciation, Cr.
$146,473,328 64
Total
$144,949,853 16
Securities:
Securities of Proprietary, Affiliated and
Stocks
$132,440 06
Controlled Companies—Unpledged:
Other Investments:
Miscellaneous Investments:
Physical Property
$385,295 89
45,554,220 58
1,658,954 77
$142,440 06
-
$523,272 40
45,554,220 58
3,938,954 77
Securities—Pledged
Securities—Unpledged
$50,016,447 75
$47,598,471 24
Working Assets—
Securities Issued or AssumedHeld In Treasury:
Funded Debt
Marketable Securities:
Stocks
Funded Debt
Miscellaneous
6,851,250 00
$129,049 79
1.329,524 91
19,800 00
1,478,374
653,608
372,952
346,344
767,198
1,851.538
14,584
$8,654,033 49
Cash
$4,023,654 61
70
66
46
74
36
12
87
16,766,076 00
$129,049 79
2,075,928 36
16,500 00
Loans and Bills Rece'vable
Traffic and Car Service Balances due from Other
Net Balance due from Agents and Conductors
Miscellaneous Accts. Receivable
Materials and Supplies
Other Working Assets
2,221,476
641,462
371,581
389,280
689,191
2,021,291
44,861
Companies.
$123,872 39
Accrued Income Not Due—
Unmatured Interest, Dividends and
Temporary Advances to Proprietary,
Working Funds
9,340 62
$1,888,584 86
9,240 62
Affiliated and Controlled Companies.
$1,897,825 48
591,000 00
183,611 18
476,070 75
$603,348 45
591,000 00
4,729.611 18
480,373 28
eposits
Cash and Securities in Sinking
Other Deferred Debit Items—
and Redemption Funds.
$3,148,507 41
Total
$6,404,332 91
$231,674,968 08
Grand Total
$215,568,476 28
95
38
$94,988 93
Rents Recelvable.
Dejerred Debit Items—
Advances:
$594,007 83
03
01
$31,799,255 29
Total
$16,359,506 52
15
86
42
June 30 1910.
LIABILITIES.
June 30 1909.
Stock—
Capital Stock:
Common Stock
Class “A" Richmond & Petersburg RR. Co.
Preferred Stock
$47,537,600 00
1,000,000 00
1.596,600 00
$56,964,400 00
1,000,000 00
Stock.
198.500 00
$58,162,900 00
Total
$50,134,200 00
Mortgage, Bonded and Secured Debt—
Funded Debt:
.
Collateral Trust Bonds—Not held by Company
Plain Bonds. Debentures and Notes—Held by Company.
Not held by Company
35,000,000 00
21,735,100 00
$96,099,750 00
35,000,000 00
.
$2,338,325 00
8,241,895 00
Income Bonds not held by Company
56,000 00
Equipment Trust Obligations—Not held by Company.
3.598,000 00
10.580,220 00
55,000 00
3.148,000 00
$144,882,970 00
Total
$144,054,550 00
t-f *
.$15,002,750 00
81,097,000 00
Mortgage Bonds—Held by Company
Not held by Company
l
$63,665,450 00
Working Liabilities—
$2,970,000 00
389,584
1,429,788
195,676
458,385
74
19
53
09
499,797 92
Accrued Liabilities Not Due—
Unmatured Interest, Dividends and
Taxes Accrued
$2,883,266 07
Rents Payable.
499.797 92
$3,383,063 99
Total
$3,128,485 34
De erred Credit Items—
$1,338,051 38
220,429 07
$1,401,057 13
258,155 41
Operating Reserves
Other Deferred Credit Items._
$1,659,212 54
Total
$1,558,480 45
$2,949,880 00
on Capital Stock.
Projit and Loss—
Premiums realized
11,249,325 94
•
Fiscal
Year.
1909-10
Sheet is that prescribed by the Inter-State Commerce Commission.
—Attention is called to
Co.—Report.—Year ending Sept. 30:
Net
Earnings.
$5,912,294
1908-09
3,871,833
—V. 91, p. 1265, 878.
,
$231,674,968 08
Grand Total
This form of distribution of items of Balance
United Fruit
Other
Income.
$640,282
516,817
Bond
Interest.
$260,583
220,771
Cash. Divs.
Balance,
(8%).
$1,877,472
1,707,042
Surplus.
$4,414,521
2,460,837
Wells-Fargo & Co. (Express).—New Officers.—William
Sprqule,
a director and member of the executive committee!
of
then.American SmeltingRefining Co., has been elected;
President to succeed the late Dudley Evans and a director
in place of A. K. Yandeventer.
F. D. Underwood has sur¬
rendered the position of managing director, to which he was
chosen pending the election of a new President, but remains
in the board.—V. 91, p. 1163, 1158, 1098..
$17,503,919 97
Balance
$215,568,476 28
00
42
23
33
09
00
51
$3,133,021 58
Total
$5,443,434 55
$2,628,687 42
$2,000
491,464
1,915,193
229,122
443,854
22,000
29,387
Loans and Bills Payable
Traffic and Car Service Balances due to Other Companies.
Audited Vouchers and Wages Unpaid
Miscellaneous Accounts Payable
Matured Interest, Dividends and Rents Unpaid
Matured Mortgage, Bonded and Secured Debt Unpaid
Other Working Liabilities
a
long list of securities advertised
State St.,
another page as wanted by C. H. Farnham, 27
Mr. Farnham makes a specialty of all classes? of.
Boston.
inactive securities, particularly water company and gas and
electric company bonds and stocks.; Inquiries are solicited
on
from banks, banking houses and investors on
securities which are for sale and upon which
(realize.
^Alfred
,, \>;■
6b;, 37/Wall St.,
such classes of
it is desired to
are offering-at
Ishbject to prior, sale, a’ limited number of Wichita Fall§>/&
(Northwestern Rahway Co. first mortgage 5% gold bondfc,to yield the investor 5.15%.
The firm has issued an inter¬
esting circular describing these bonds.
Mestre &
1392
THE CHRONICLE
[VOL.
3£hc CfPommjeraai ^'imes.
COMMERCIAL EPITOME.
Friday Night, Nov. 18 1910.
With more seasonable weather,
jobbers and retailers have
had a rather better business in
general
merchandise, but the
tone of the iron and steel
trade is not all that could be
desired, and the textile industries rather lag. A favorable
circumstance is the confirmation of big grain
crop estimates,
especially of
LARD
on
corn.
the
spot has declined, owing to the fall in prices
of live hogs at the West.
A further decline in the
market is expected.
Trade in
live-hog
product has been quiet at the
lower quotations.
Prime Western 11.15c., Middle Western
11.10c. and City steam 11c.
Refined lard has been quiet
and weaker, owing to the
depression in the hog market.
Continent 11.75c., South America 12.75c. and Brazil in
kegs 13.75c. The speculation in lard futures here has been
lifeless.
At the West the
trading has been active with the
general drift of prices downward, owing mainly to an in¬
creased movement of live hogs at
declining prices and de¬
pression in the corn market, as well as the sluggishness of the
cash trade.
Large packers have sold heavily of late.
DAILY CLOSING PRICES OF LARD FUTURES IN NEW
YORK.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
November delivery
11.50
11.25
11.00
11.10
10.50
10.45
January delivery
10.70
10.60
10.60
10.45
10.45
10.25
May
ay a
delivery
10.20
10.15
10.15
10.00
10.00
9.95
DAI LY CLOSING PRICES OF LARD
FUTURES IN CHICAGO.
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
November delivery
11.25
11.10
11.00
10.80
10.82*$ 10.70
January delivery
10.22*$ 10.27*$ 10.22*$ 10.10
10 07>i 10.00
May delivery
9.75
9 82*$
9 77*4
9.65
9.65
9.55
PORK on the spot has
declined, owing to larger arrivals
of live h)gs at declining prices.
Trade has been quiet.
Mess $19 50, clear $21 @$22 50 and
family $24. Beef has
been quiet but steady, with
supplies light. Mess $15 50@
$16, packet $17@$17 50, family $19 50@$20 and extra India
mess $30 50.
Cut meats have been somewhat
easier; sales
have latterly increased slightly.
Pickled hams, regular,
ll%@13^c.; pickled bellies, clear, 16@19c. and pickled
ribs 15(3 17c.
Tallow has been quiet and
steady; City 8c.
Stearines have been quiet, with
slight changes in quotations;
oleo 103^@10Mc. and lard 13c.
Butter has been quiet and
easier; creamery extras
Cheese quiet and steady;
State, whole milk, colored,large or small, Sept, fancy 1534c.
Eggs dull but firmer; supplies light; Western firsts 31@35c.
OIL.—Linseed has been quiet but firm on the
strength of
the market for the raw material.
City, raw, American seed,
97@98c.; boiled, 98@99c., and Calcutta, raw, $1 03. Lard
has been quiet but steady;
supplies continue light; prime
$1 05@$1 15; No. 1 extra 65@70c. Cocoanut has been
nominally firm. Olive quiet and firm at 90@95c. Corn in
good demand and firm at 7@7.U5c.' Cod firm and moderately
active; domestic 42@44c. and Newfoundland 45@47c.
COFFEE on the spot has advanced, with trade active.
Rio No. 7 12^c. and Santos No. 4
1334@1324c. Country
roasters have been
leading buyers of Santos grades. Sup¬
plies here are concentrated in strong hands and according
to Brazilian cables similar conditions obtain in
the primary
markets of that
more
active and
West India growths have been
firmer; fair to good Cucuta 13^@13^c.
country.
The speculation in future contracts here
active than for many months
past,
has been
more
the transactions on most
days being well above 100,000 bags, and prices have risen
sharply. The principal factors in the rise have been un¬
favorable crop reports from Brazil, the
strength of the spot
situation and a material advance in all of the
foreign markets.
Closing prices were as follows:
November
December
January—
February.
9.95c.
9.95c.
_9.95c.
9.98c.
SUGAR.—Raw
March
April
May
June
nas been
9.99c. July
10.00c. August
10.02c. September
____10;02c. October
in
fair
demand
and
10.03c.
10.00c.
10.01c.
9.95c
firmer.
Centrifugal, 96-degrees test, 3.90c.; muscovado, 89-degrees
test, 3.40c., and molasses, 89-degrees test, 3.15c.
COTTON.
Friday Night, November 18 1910.
THE MOVEMENT OF THE CROP as
indicated by our
telegrams from the South to-night is given below. For the
week ending this
evening, the total receipts have reached
413,466 bales, against 375,754 bales last week and 381,530
bales the previous
week, making the total receipts since
Sept. 1 1910 3,690,032 bales, against 3,874,076 bales
for the same period of
1910 of 184,044 bales.
Receipts at—
Sat.
Galveston
Port Arthur
Texas City, dec..
New Orleans
Mobile
Pensacola
Jacksonville, &c_
Savannah
Brunswick
Charleston
13,533
34,155
15,196
17,000
^
_
;
f
16,911
1,696
2,233
Thurs.
Fri.
14,720
Total.
15,410 108,135
161
17,161
25,688
78,085
10,836
19,257
1,274
15,136
16,581
1,687
220
686
13,789
8,000
2,752
12,623
11,259
2,549
4,312
68,826
8,000
19,488
4,424
4,860
3,463
5,575
2,771
4,730
31,879
35,549
247
247
50
491
2,074
6,762
12,344
2,901
7,841
1,144
19,504
160
3,444
4,198
-
5,279
5,487
New York
Boston
Baltimore
10.153
7,603
50
170
409
235
626
6,762
Philadelphia
—
—
—
Tot. for week..
The
5,789
7,288
143
44,562
62,376
91,273
—
75.401
60,087
79,767 413,466
following shows the
week’s total receipts, the total
1 1910, and the stocks to-night, compared with
since Sept.
last year:
1910.
Not. 18.
This
1909.
Since Sep
1 1910.
week.
This
Stock.
Since Sep
1 1909.
week.
Galveston
Port Arthur
108,135 1,443,103 113,303 1,305,063
17,161
58,325
39,017
Texas City, &c__ 25.688
107,519
2,462
18,388
New Orleans
78,085
427,099 47,266
502,239
Gulfport
7,981
1910.
1909.
213,432
239,551
136,946
212,848
51,672
45,991
172.846
3,046
49,436
190,153
■
723
—
Mobile
Pensacola
10,836
"686
100,353
17,722
7.952
68,826
8,000
19,488
740,180
87,841
165,059
43,202
14,650
6,756
386
25
549
243,948
248,207
1,572
11,851
19,346
1,940
227,162
Jacksonville, &c_
Savannah
Brunswick
Charleston
Georgetown
Wilmington
31,879
35,549
8,983
3,170
124,238
55,415
16,814
950,664
163,714
154,161
48,202
30,790
11,126
32,093
142,339
126,639
2,134
552
4,216
13,805
7,276
413,466 3.690.032 278,293 3,874,076
873,280
935,950
N’port News, &c_
247
50
New York
Boston
Baltimore
2,074
6,762
Philadelphia
1,345
4,567
34,854
187
.
1,297
3,855
-----
Total
19,713
34.398
276,744
4.992
1,534
3,255
21,594
Norfolk
825
19,530
In order that comparison may be made with other
years,
we give below the totals at
leading ports for six seasons:
Receipts at—
Galveston
Pt. Arthur, &c.
New Orleans.
Mobile
Savannah
Brunswick
Charleston, &c
Wilmington..
Norfolk
1910.
1909.
1908.
1906.
1905.
108,135
42,849
78,085
10,836
68,826
8,000
19,488
31,879
35,549
164,442
2,849
86,754
19,504
56,049
5,675
8,300
15,018
27,475
95,609
6,879
85,174
19,552
70,107
5,641
10,599
21,184
26,558
149,173
121,741
218
243
9,572
113,303
2,462
47,266
8,983
43,202
14,650
6,781
11,851
19,346
1,940
8,509
708
769
16,425
9,599
15,555
8.601
413.466
278,293
402,709
351,145
410,623
385,045
N’port N.,&c.
247
All others
Total this wk_
1907.
8,919
7,128
100,044
13,032
68,767
7,389
5,566
14,548
26,922
103,726
15,174
64,303
9,386
5,318
15,878
33,021
Since Sept. 1_ 3,690.032 3,874,076 3,954,832 2,966,665
3,874,359 3,713,593
The exports for the week
ending this evening reach a total
254,867 bales, of which 145,113 were to Great Britain,
27,077 to France and 82,677 to the rest of the Continent.
Below are the exports for the week and since
Sept. 1 1910.
of
Week ending Nov. 18 1910.
Exported to—
Exports
from—
Great
1
From Sept. 1 1910 to Nov. 18 1910.
Exported to—
Conti¬
Britain.'^Fr 'nee
good?demand; 86 degrees in 100-gallon drums 18%c.; drums
Naphtha has been steady, with trade fairly
active; 73@76 degrees in 100-gallon drums 16%c.; drums
$8 50 extra. Spirits of turpentine 79F£@80c.
Rosin has
15,121
306
N’port News, &c.
Pensacola
Fernandina
Savannah
Brunswick....
Charleston
Export trade has been extremely dull, as
prices in this country are as high as those obtaining in
Europe. Lake 12J^c., electrolytic 12£4@12.80c. and cast¬
ing 12 34@12.60c. Lead quiet and steady at 4.40@4.50c.
Spelter quiet at 5.85@5.95c. Tin has been in moderate
demand and firm; spot 3634
Iron less active in the East,
though some fair-sized contracts have been placed in the
West.
No. 1 Northern $15
75@$16 25; No. 2 Southern
$15 25@$1575. Finished material
active and generally firm.
Wed.
.
Port Arthur
Texas City, Ac.
tic consumers.
Tues.
11,651
Norfolk
steady and moderately
been quiet and easier; common to
good strained $6 10.
TOBACCO.—Prices for domestic leaf have ruled
firm,
with trade moderately active.
Cigar manufacturers in most
sections are active and are
generally carrying light reserve
supplies of leaf. Sumatra and Havana in fair demand and firm.
COPPER has been steady. Some good sales have
latterly
been reported for December and
January shipment to domes¬
Mon.
■
has been
$8 50 extra.
decrease since Sept. 1
a
_
-
Hops quiet with choice
active for domestic and
foreign accountBarrels 7.40c.,
bulk 3.90c. and cases 8.90c.
Gasoline has been firm and in
2,134
Wilmington
steady.
grades firm.
PETROLEUM.—Refined
1909, showing
_
10,552
5,151
Georgetown
Refined
ha& been quiet and steady.
Granulated 4.60c. Teas have
ruled firm with a fair
distributing demand. Spices quiet
and steady. Wool dull and
LXXXXI
nent.
I
Total.
36,044 5,851
6,161
24,524
11,010 52,905
11,000 17,161
24,524
42,17110,286 18,965 71,422
3,799
250
4,049
I
.....
I
Conti¬
j
nent.
499,788155,867
9,000 14,572
'
....
....
Great
Britain, France.
!
90,391
194,717
11,601
9,207
25,180
6,105
3,963
Total.
364,1161,019,771
34,753
2,143
74,697
6,199
4,652
58,325
92,534
294,594
23,905
17,822
144,550
37,126
49,200
107,389
308,772
66,974
65,100
187,426
4,906
..
13,351
11,800
Wilmington
5,506 18,857
10,168 21,968
3,567
Norfolk
4,645
....
14,577
5
18,144
4,650
Newport News
New York
Boston
Baltimore
„
7,274
1,505
..._
Philadelphia
962
5,519
250
2,660
13,755
1,505
2,910
3,017
3,017
_ .
Portland, Me¬
gan Francisco.
Seattle
Tacoma
Portland, Ore.
Pembina
Detroit
Total
Total 1909
125,351 39,871
29,848
6,000
9,900
69,288 10,749
4,845
152,961 44,914
35,408
7,398
2,800
19,946
61
......
.
84,252
2,763
28,121
1,400
282,127
38,171
38,319
21,346
12,372
11,561
1,757
12,372
11,561
1,757
.
.........
-
•
-
-
-
....
—
.
—
....
—
—
—
—
—
—
145,11327,077 82,677 254,8671,264,749313.921
400
400
—
--
—
—
967.512 2.546,182
1 87,74338,217 101,713 227,673 1,053.509499,6301,124,8092,677,948
In addition to above exports, our telegrams
to-night also
give us the following amounts of cotton on shipboard, not
cleared, at the ports named. We add similar figures for
New York.
On
Ger¬
many,
Great
Britain. France
New Orleans..
Galveston
....
15,247
41,193
9,000
7,000
6,650
17,923
1,900
6,161
46,681
21,000
3,250
2,364
4,000
9,025
3',666
10,000
Total 1910.. 88,690
Total 1909.. 67,479
Total 1908.. 154,193
Y,500
"500
1,500
23,000
31,837 110,367
24,633 71,167
60,770 123,974
Other
Coast¬
Foreign
wise.
1,711
1,200
1,000
300
Y,806
18,389
Stock.
UftSI
138,746
37,436
36,733
12,401
135,539
35,500;
II
11
1
61
ll
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571,483
T©
H* HA
Speculation in cotton for future delivery has been rather
quiet and prices have declined. The decline was mainly
owing to some increase in the movement of the crop, an ex¬
pectation of rather large ginning figures in the Census re¬
port to be published next Monday, and steady liquidation
for both domestic and foreign account. Also, there has been
persistent selling by large spot interests, some hedge selling
by the South and not a little aggressive selling for the short
account.
The frequent and rather wide fluctuations in the
last six weeks have had a tendency to drive the general pub¬
lic from the speculation, and to all appearance it has been
merely a trading market, even with large operators, who have
apparently bought on declines and sold on the rallies. There
is a firmly rooted opinion in some usually well informed
quarters that the crop is being under-estimated by the bulls,
and persistent guesses are heard of 13,000,000 bales. Fur¬
thermore, cotton goods have been comparatively quiet, and
there is talk to the effect that possibly a curtailment move¬
ment may be started both at the South and in New England.
Liverpool’s spot sales have fallen off noticeably, and in parts
of the South spot quotations have shown weakness.
Stop
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II
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1
P
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t
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66
710,132
645,046
p 1
>6 >6
Ct
40,319
22,917 301,797i
38,239 225,818
27,226 422,950
H*
00
S
£
o H
coB?
I?fS? I?1
(1
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tt.
&
4?
o
a
95,550
74,759
41,396
138,673
34,100
12,000
14,939
18,389
6,800
1,000
47,986
24,300
56,787
New York the
Leaving
Total.
317
13,021
31,165
1,000
FUTURES.—The highest, lowest and closing prices at
past week have been as follows:
!
Shipboard, Not Cleared for—
Nov. 18 at—
Savannah
Charleston
Mobile
Norfolk
New York
Other ports
1393
THE CHRONICLE
Nov. 19 1910,
•SI
I
I
os'
©
augmented rather rapidly during the present month, the
g1® |@ |© 1® 1® | © 1© 1® 1© 1® 1 © 1©
>-*■£
increase being approximately 33,000 bales.
Domestic spin¬
©^
ners have apparently been buying on only a moderate scale,
6
|
II
II
1
|
II
II
the erratic and frequent fluctuations in the quotations for
1
1
6
1
1
6
|6
II
1
6
1
6
U
1
6
1
6
Mil
the raw material, to say nothing of the sluggishness of many
*69
in
descriptions of cotton goods, leading many of the mills to
1® 1® | ® 1 © |© 1® 1® 1® |@ 1 ® 1® 1®
practically hold aloof from the market. Many experienced
1
w
people in the trade profess themselves nonplussed by the
I
1 ©
1-4
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1
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1
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ii
it
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ll
ll
present situation, and are doing little or nothing pending
further developments.
The most debatable point, as usual,
is the size of the crop.
With estimates running anywhere
THE VISIBLE SUPPLY OF COTTON to-night, as
from 11,300,000 to 13,000,000 bales, the feeling is un¬
made up by cable and telegraph, is as follows.
Foreign
settled on this point, and the Government estimate of
stocks,
well
as
afloat,
are
week's
returns,
and
as
the
this
the crop will not appear until Friday, Dec. 9.
Mean¬ consequently all
are
to
Thurs¬
foreign
figures
brought
down
time, it is a narrow market so far as the size of the
day evening. But to make the total the complete figures
trading is concerned, though fluctuations of 20 points in a for
to-night (Friday), we add the item of exports from the
day are not infrequent.
Meantime Manchester is reported United
States, including in it the exports of Friday only.
active and strong, and it is even asserted in some Liverpool
1908.
1907.
1909.
1910.
November 18—
644,000
484,000
857,000
dispatches that Lancashire is on the eve of another boom in Stock at Liverpool
bales. 575,000
20,000
8,000
13,000
3,000
trade.
Estimates of the East India crop have recently Stock at London
44,000
35,000
53,000
26,000
been reduced.
Silver has advanced noticeably in the last Stock at Manchester
708,000
532,000
918,000
604,000
Total Great Britain stock
few months.
Though not active on this side of the water,
16,000
18,000
6,000
5,000
at Hamburg
cotton goods have been in the main reported pretty steady. Stock
128,000
210,000
266,000
136,000
Stock at Bremen
120,000
313,000
156,000
It is said that European spinners have been endeavoring to Stock at Havre
122,000
3,000
4,000
2,000
2,000
at Marseilles
secure a considerable block of cotton in New York.
The Stock
12,000
15,000
8,000
6,000
Stock at Barcelona
*
,,
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recent freezes at the South are said to have done consider¬
able damage.
Believers in higher prices claim that the
recent increase in the receipts is not indicative of a crop of
anything like the size which their opponents claim it to be.
The Continent has been buying in Liverpool and on declines
certain of the spot interests here have been purchasers.
Spinners have bought futures to some extent. In the main
the feeling, however, has been unsettled, with a general dis¬
position to await further developments. To-day prices
declined early, chiefly on large receipts, selling by spot inter¬
ests and hedge selling, rallied and advanced on bull sup¬
port, strength and activity at Manchester, bull support and
covering, then receded under bearish pressure and liqui¬
dation.
Spot cotton here has been quiet. Middling up¬
lands closed at 14.50c., a decline for the week of 30 points.
The official quotation for middling upland cotton in the
New York market each day for the past week has been:
Sat.
Mon.
Tues.
Wed.
Thurs.
Fri.
14.80
14.65
14.55
14.60
14.50
14.50
Nov. 12 to Nov. 18—
Middling uplands
NEW YORK QUOTATIONS FOR 32 YEARS.
The quotations on middling upland at New York on
Nov. 18 for each of the past 32 years have been as follows:
1910.c
1909
1908
1907
1906
1905
1904
1903....
9.55
...10.80
...11.00
...11.15
...10.00
...11.35
...
1900
1899
1898
1897
1896
1895
9.19
9.44
...10.31
...10.44
...10.56
...11.94
...11.00
...12.25
1886.C
5.62
8.06
9.25
8.06
9.62
10.25
10.00
10.38
8.35 1894.C.
8.00 1893.__
9.94 1892...
7.56 1891...
5.38 1890...
5.88 1889...
7.69 1888...
8.44 1887...
...14.50 1902.C
...14.80 1901
...
1885
1884
1883
1882
1881
1880
1879
Closed.
Egypt,Brazil, &c.,aflt.for Europe.
Stock in Alexandria, Egypt
Stock In Bombay, India
Stock in U. S. ports
Stock In U. S. interior towns
U. S. exports to-day
Con¬
Con-
Total.
—T
Saturday..
Monday
Tuesday
Wednesday
Thursday
Friday
._
.
Total
..
Quiet
Quiet
Quiet
Quiet
Quiet
Quiet
Quiet
Barely steady
..
15 pts dec
10 pts dec._
5 pts adv
10 pts dec
—
Easy
2,671
™
„
1,
_
^
^
—
_
Liverpool stock.
_
.
40
-
—
2,711
—
_
.bales.
Manchester stock
Continental stock
American afloat for Europe
U. S. port stocks.
U. S. Interior stocks
U. S. exports to-day
Total American
East Indian, Brazil, &c.—
Liverpool stock
London stock
Manchester stock
Continental stock
India afloat for Europe
Egypt, Brazil, Ac., afloat
Stock in Alexandria, Egypt
Stock in Bombay, India
Total East India, Ac
Total American
_
_
•
-
^
4'
40
1,100
1,100
2.200
4.911
21,000
6,000
14,000
28,000
575,000
486,000
321,000
913,000 1,493,000 1,018,000 1,029,000
90,000
45,000
58,000
49,000
824,8u8
882,212
844,169
831,697
101,000
71,000
55,000
76,000
213,000
173,000
192,000
167,000
155,000
174,000
95,000
283,000
873,280
935,950 1,067,996
823,126
659,243
663,704
784,797
465,440
42,643
26,106
46,296
29,823
381,000
771,000
28,000
42,000
551,000
438,000
882,212
831,697
935,950 1,067,996
663,704
784,797
26,106
29,823
491,000
19,000
286,000
824,808
873.280
654,243
42,643
537,00
35,000
239,000
844,169
823,126
465,440
46,296
84,000
3,000
7,000
23,000
90,000
T01.000
213,000
155,000
86,000
8,000
11,000
24,000
58,000
71,000
173,000
174,000
103,000
13,000
7,000
48,000
45,000
55,000
192,000
95,000
107,000
20,000
9,000
82,000
49,000
76,000
167,000
283.000
676,000
605,000
558,000
793,000
3,195,974 3,821,457 3,611,828 2,990,031
.3,871,974 4,426,457 4,169,828 3,783,031
7.72d.
14.80c.
5.07d.
9.50c.
9.25d.
8.00d.
13-16d.
ll-16d.
9Hd.
12>4d.
7Jtfd.
15-16d.
e.ood.
11.20c.
10
Hd.
12.00d.
5«d.
5 5-16d.
-Continental imports for the past week have been 147,000
.V’
‘
bales.
-if
^
The above figures for 1910 show an increase over last week
.
-
3,783,031
follows:
3,611,828 2,990,031
3 195,974 3,821,557
Middling Upland, Liverpool
7.85d.
Middling Upland, New York
14.50c.
Egypt, Good Brown, Llverpoo_.il 15 16d.
Peruvian, Rough Good, Liverpool 10.75d.
Broach, Fine, Liverpool.....
74$d.
Tlnnevclly, Good, Liverpool____ 7 9-16d. 6
2,671
1,100
^
Firm
Very steady
Steady
1,100
-i
35,000
1,000
Total visible supply
3,871.974 4,426,457 4,169,828
Of the above, totals of American and other descriptions are as
American—
Total visible supply
Spot. sum’n. tract.
-
309,000
...
Sales of Spot and Contract.
Futures
Market
Closed.
-
Total European stocks
India cotton afloat for Europe
Amer. cotton afloat for Europe.l
MARKET AND SALES AT NEW YORK.
Spot Market
38,000
Stock at Genoa
Stock at Trieste
of 329,180 bales, a loss
decrease of 297,854 bales
bales over 1907.
t
of 554,483 bales from 1909, a
from 1908, and a gain of 88,943
1394
THE CHRONICLE
AT THE INTERIOR TOWNS the movement—that
is,
the receipts for the week and since
Sept. 1, the shipments
for the week and the stocks to-night, and the same items for
the corresponding period for the
previous year—is set out
in detail below.
i|«
eo®inoo®rHi-i©in©inin
ih
•
©® ©»
cgcgcOrH
i-tg<
m in th in © oo in co in
oo m © th ®
eg
i-ir^ineg©
egi-iiH
r-t r» © © ® © co « © g* © © in ao
1-1 th
©
Galveston
Savannah
Charleston.
© i-t eo f- ® © ©
© © th t-i t** ©
eg ih
rf ®
'oo^egco
Si*
if
eo
r-ii-TrH
eg
eginrH
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t4n©
eg
Baltimore
Philadelphia
eg
co
St. Louis.
i-H © <?© © eg © it eg ® © ® «in «o 00 © oo*n eo
eo r-« ©
© co © ®
t^oo it
in © 00 eo © © 00 r-® © mo ® w © © eg
eg cm ©
©
©
i-n*r-<t>.®
®ri©g<w
eg
©
©
i-H
14%
14%
14%
14%
14%
14%
14
14
14
■m^*©©
gTrH«t*©
i> in eg ©eg eg
1-1
©eg t-
1-1
©
eg
14%
14%
14%
14 5-16
14%
14%
14.90
14.80
14.85
14 %
14
14 %
14%
14%
14%
14%
14%
14 9-16
Sat'day,
®*h
eo
Nov. 12.
©
November—
Range
©•g,ao«W©w©i-H©©©©©i-i®aOt^t^©©oo©©©©f"©©©''i*iH©
o©oc©ij<©toco©©Ort©i^rH®Mn©©©inini-ir^Oi-i©©©^'®i-'
©© ©
l|s
■g'eg ® ® e-© © e>j eo eg 00 © r-® © © os eg
1-1 ©
itiHCOegoeT-ioo*t^©*T^«’co
e-© ©
^r^©
iH
HHH
HHH
©
i“*
§ e§5
■gi if © Tf
1-1
© © t-i
ih
th ©
eg
gnMN©
hnh
eg
1-11-1
©
t-i
i-1
©
®
Range
i-i©©©«oq©ini-ioo git-©eg
r-
cog,egegcgi>ri-i'gr©*® 06oog^ini-ioocoi-it>-e»eo©oort
H«ioeicoe4©©o©©N
©rH©rfrt
©
i-inn
eg
1-1
©
eg in eg
©
r-
©
t» g< t> eg eg ©
«©©ao©
© «©
©
©if
©
1H
a
14%
14%
14.79
14% 5-16 14 9-16
14%
14%
14%
14%
14 7-16
14%
14%
14%
—
*
®
! ac
Nov. 14.
—
@
Nov. 15.
—
14.21
*
—
@
14.85
—
14.09
Range
—
Closing
—
•
—
@
—
14.45
•
—
*
—
@
14.64
—
*
®
14.95
—
•
—
14.76
—
*
July—
Range
Closing
Spot
Options
—
2
3
o
H
The above totals show that the interior stocks have in¬
creased during the week 51,243 bales, and are
to-night 4,461
bales less than at the same period last
The receipts at
year.
all the towns have been 112,488 bales more than the same
week last year.
®
14.30
—
@
14.41
—
@
14.56
Steady.
Quiet.
Quiet.
Steady.
—
*
—
*
—
*
Quiet.
Steady.
*
—
14.16
*
@
—
14.19
*
—
@
14.53
—
*
@
—
14.37
—
*
—
®
—•
14.36
*
—
@
14.68
—
•
@
—
14.54
—
*
—
€>
—
14.52
*
—
@
14.78
—
*
—
@
14.65
—
*
—
@
—
14.65
*
Steady.
Steady.
Easy.
Steady.
Steady.
Steady.
Nominal.
WEATHER REPORTS BY
©
14.25
14.96 — 14.77-.86 14.60-.77 14.67-.77 14.58-.80 14.65.73
14.98*.99 14.78-.79 14.60-.61 14.82-.84 14.67-.68 14.67.69
Tone—
©
—
14.85-.91 14.67-.78 14.51-.68 14.54-77 14.52-.71 14.51-.65
14.90-.91 14.69.70 14.52 — 14.73-.74 14.58-.59 14.59-60
Closing
k
Nov. 17. Nov. 18.
14.72-.78 14.55.67 14.39-.55 14.44-.62 14.39.63
14.38.53
14.77.78 14.56.57 14.39-40 14.61-.62 14.45-.46 14.46.47
June—
a
Nov. 16.
..
<®
14.67
—
Closing
April—
Range
Closing
May—
Range
*
follows:
14.52-.59 14.36.50 14.21-.37 14.27- .45 14.21-.29 14.22-.36
14.58.59 14.37.39 14.21-.22 14.44-.45 14.29
14.29-.30
Range
I
as
Monday, Tuesday, Wed'day, Thursd'y, Friday,
March—
®
©®OiH©©gig<i-i©i-ir-i©t»WiHi>ii-iTfTf©Tp®t^g,«©©ii<©©©©
©TH®©«ii««i-it^©N©«e-©Triji«»®©i-i©®«©©«©g'©®
g<r^©g<©©©0'g<©©TH©©a©©©©oi-iao©©©i-i©©©o©©®
©in©®
14 5-16
14%
14.47
Range
Closing
February—
Range
Closing
©gi
a
t-
eg«©©06©iHegTf
13%
14.40-.48 14.28-.40 14.14-.26 14.20-.32 14.14-.39 14.18-.28
—
14.29.30 14.13.14 14.34- .36 14.20-.41 14.23-.24
Closing
January—
Tir^o©©©©egrain©©r«oinTpg<oeg©©r«ao©©i-io©©oegin©
KiN®HOMninoN®i-i©inNoonegifiji«mffflowic©NOONM
®©oo«ininr»©©ooooeg®©©Tr® ©®
@
14.40
December—
Nt»ij»ipt'ii|iraoNaion»'eM»«©rtinf.Hr.K5iniiOMOioir©
©wr»«©TPTji©t>.©®t>iutrtTji©it®©t-©i-i©©©©©©©©M'g,e"
©i-ig*®»«©©i-i«r^©©rtaoi-i®©©t^®aog‘©®©©©t^©
t—1 m
•C
—
__
Closing
©’© oor>Tegeor-iegegrH«r-i® ih w©« ©rr©
HHSf-l
©IHH©
th
14%
14 %
14
14
14
14.75
14%
14%
14%
14%
14%
14 %
14%
14 %
13 15-16
14
past week have been
© ©cooooo
eg
i*
14%
14%
14%
14
14
14
16 5-16
14%
14 %
15.05
14 %
©©©©J'.Q0©©i-<©ti.©©t*®t*©.-1©©©©g«®©©g'©t*©»-?«'i
©® rf t^«it»©©©®if ©g*©g'©©®©©r'.«©©©t^®oe©ao©oo
«eao6i-c»n©TH06iHTii©eo©in©it©oqi^eoo6t^'g|in©eg'g'
14%
14%
14%
14 5-16
14 %
14%
14%
14%
14%
_
on—
Monday. Tuesday, Wed'day, Thursd'y, Friday,
NEW ORLEANS OPTION MARKET.—The
highest,
lowest and closing quotations for
leading options in th eNew
Orleans cotton market for the
eo eg eg i-^ in
i-ioo®w©©i^oo©«giw
<Q
th
_
Houston
Little Rock
©©©i-tr»©«r^©©©g<©i«oo©©«t^©t-T-«N«©i-«®‘''5»*2®i5
»nirt^o©©rH©T-itN.^Hfflooocgegegr-eg©it^-io©®ri<M©0®©©oo
00 00
_
Augusta
Memphis
©r*
©
co
_
Norfolk
50 m
00 00 ® © 06 h. 00 eg ^ rjt tp co eo eo in eg r-co » © in © eg co th © ©
.
Wilmington
it»r^®egi-t©eg«©i-i®©egTj<co©eg©©rHeg©io'©f-eginin©t»«®
1
i-<
ill
14 %
14%
14 %
Mobile
©
i>
Sat’day,
New Orleans
©
c6r4©rHiHeo©
LXXXXl.
Closing Quotations for Middling Cotton
Nov.' 187
©^'©©^©©"giWoOOOi-lOg'OWOi-liOca©©©® ©«©©'<J'*-'® © ©
co»ncooor'-Nr'-'**®«o«MC60TH»aoa©«0'«*Ncot»ooao©io,<fcjev1»©©«a
eg in eo rH
co eg m co r- eo n © m i-i
[VOL
TELEGRAPH.—Reports
to
this evening by telegraph from the South denote that the
weather during the week has been favorable as a rule.
Rain
has fallen in most sections, but only to a
very moderate ex¬
tent in the main.
With satisfactory conditions the
picking
of the crop has made excellent
progress and marketing has
proceeded upon a liberal scale.
Galveston, Texas.—There has been rain on one day during
the week, to the extent of
twenty-eight hundredths of an
inch. The thermometer has averaged 60, the
highest being
70 and the lowest 60.
Abilene, Texas.—There has been rain on two days of the
week, to the extent of seventy hundredths of an inch. The
thermometer has averaged 47, ranging from 40 to 54.
us
Palestine, Texas.—Rain has fallen on three days during
week, the precipitation reaching one inch and fifty
showing the hundredths. The thermometer
has ranged from 42 to 62,
overland movement for the week and since
Sept. 1, as made averaging 50.
up from telegraphic reports Friday night.
The results for
San Antonio, Texas.—We have had rain on three
the week and since Sept. 1 in the last two
days of
years are as follows:
OVERLAND MOVEMENT FOR THE WEEK
SINCE SEPT. 1.—We give below a statement
-1910-
November 18.
Shipped—
45,560
42,818
3,387
1,639
7,498
8,246
-to,326
345,201
59,787
293,627
8,886
1,178
40,766
10,879
18,101
5,339
841
1,197
26,935
4,667
12,786
.10,905
10,905
69,746
7,520
44,388
..59,421
.59,421
275,455
52,267
249,239
112.639
79,035
12,604
30,847
21,698
.
.
Total to be deducted
•
Including movement by rail
Since
W eek.
Sept. 1.
117,868
60,080
2,834
26,020
12,781
31,641
42,403
21,815
__18,118
3,721
7,349
5,484
7,692
6,147
Deduct shipments—
Leaving total net overland*
-1909-
Since
Sept. 1.
Week.
Via St. Louis
Via Cairo
Via Hock Island
Via Louisville
Via Cincinnati
Via Virginia points
Via other routes, Asc
AND
25,826
12,339
852
984
to Canada.
The foregoing show’s the week’s net overland
movement
has been 59,421 bales, against
52,267 bales for the week last
year, and that for the season to date the aggregate net over¬
land exhibits an increase over a
year
ago
of 26,216 bales.
-1910-
In
-1909-
Sight and Spinners'
Since
Since
Takings.
Week.
Sept. 1.
Week.
Sept. 1.
at ports to Nov. 18._
.413,466
3,690,032 278,293 3,874,076
Net overland to Nov. 18
59,421
275,455
52,267
249,239
South’n consumption to Nov. 18. 50,000
456,000
52,000
Receipts
the
the week, to the extent of one inch and twenty-two hun¬
dredths.
The thermometer has averaged 55, the highest
being 64 and the lowest 46.
Montgomery, Alabama.—Rain has fallen on one day during
the week, to the extent of fourteen hundredths of an inch.
Average thermometer 54, highest 76, lowest 38.
Selma, Alabama.—We have had rain on three days during
the week, the precipitation reaching
forty-one hundredths
of an inch.
The thermometer averaged 51.5, the highest
being 75 and the lowest 38.
Madison, Florida.—It has been dry all the week. The
thermometer has averaged 63, ranging from 45 to 75.
Savannah, Georgia.—-We have had no rain during the week.
Average thermometer 55, highest 75, lowest 36.
Taylor, Texas.—Rain has fallen on one day of the week,
the precipitation reaching one inch and two hundredths.
Average thermometer 52, highest 62, lowest 42.
New Orleans, Louisiana.—We have had rain on three
days
of the past week, the rainfall being twenty-nine hundredths
of
Total marketed.
522,887
51,243
stocks in excess
Came into sight during week
Total in sight Nov. 18
4,412,487
608,465
574,130
382,560
31,786
North’n splnn’s takings to Nov. 18
112,664
753,188
111,301
1908—Nov.f21
1907—Nov.
22
1906—-Nov. 23
1905—NOV.L24
Bales.
Since Sept. 1—
563,448 1908—Nov. ,21
452.699 1907-1—Nov. 22..
543,863 1906-+-Nov.r23
5071322 1905—Nov.^24.
«?d£S£JI0?S,*F0R MIDDLlNG|COTTON|AT
11
I
o—Below
Helena, Arkansas.—Cotton is coming in lively.
We have
5,301,856
Charleston, South Carolina.—There has been no rain the
past week. The thermometer has averaged 58, ranging
691,563
from 42 to 74.
^
Bales.
5,487,302
4,090,564
5,166,725
4,971,698
OTHER
closing^quotations of£middling
otherjprincipalj’cotton^markets for
are the
cotton at Southern and
each day of the week.
averaged 64.
had rain on one day during the week, the rainfall reaching
three hundredths of an inch.
The thermomter has ranged
from 34 to 68, averaging 50.5.
Movement into sight in
previous years:
W Week—
The thermometer has
4,721,315
580,541
414,346
5,029,952
inch.
44 to 82.
598,000
Interior
an
Shreveport, Louisiana.—There has been rain on two days
of the past week, the rainfall reaching seventeen hundredths
of an inch.
The thermometer has averaged 63, ranging from
s
Charlotte, North Carolina.—Elegant weather for picking
cotton.
Rain has fallen on one day during the week to an
inappreciable extent. The thermometer has ranged from
28; to 74, averaging 46.
i
a,
Vicksburg, Mississippi.—We have had rain on three days
during the week, the rainfall being one inch. Average ther¬
mometer 58, highest 77, lowest 42.
!
Memphis, Tennessee.—Picking and ginning are progressing
rapidly. The receipts and shipments for the week azp ths
v
Hot. 19 1910.]
THE CHRONICLE
largest for any similar period on record. It has rained on
one day of the week, the precipitatiion reaching three hun¬
dredths of an inch.
The thermometer has averaged 49, the
highest being 69 and the lowest 35.
Mobile, Alabama.—Fine weather in the interior except
rain to-day.
Reports indicate that in some sections cotton
is being held back for higher prices.
We have had rain on
one day during the week, the rainfall being forty-four hun¬
dredths of an inch.
Average thermometer 61, highest 78,
According to the above, the average weight of the deliveries
pounds per bale this season, against
486 pounds during the same time last season.
The Conti¬
nental deliveries average 470 pounds, against 485 pounds
last year, and for the whole of Europe the deliveries average
473 pounds per bale, against 485.5 pounds last season.
Our
dispatch also gives the full movement for this year and last
year in bales of 500 pounds.
in Great Britain is 477
lowest 40.
1910.
Y|fl|h|p. supply Mnv. 11
Yj«i|h|A supply Sept. 1
American in sight to Nov. 18
Week.
3,542,794
Season.
4,253,679
414.346
84,000
4,000
48,000
6,000
1,931,022
5,301,856
265,000
56,000
308,000
51,000
4,235,924
7,217,466 4,810,025
7,912,878
3,871,974
3,871,974 4,426,457
4,426,457
3.345.492
2.627.492
3.486.421
2.934.421
552,000
574,130
54,000
3,000
57,000
5,000
—
Bombay receipts to Nov. 17—
Other India shlp’ts to Nov. 17_
Alexandria receipts to Nov. 16Other supply to Nov. 16 *
5,029,952
168,000
47,000
411.000
66,000
Visible supply Nov. 18
363.950
294.950
69.000
Total takings to Nov. 18
Of which American
Of which other
383.568
324.568
59,000
718,0001
Embraces receipts In Europe from Brazil, Smyrna, West Indies, &c.
INDIA COTTON MOVEMENT FROM ALL PORTS.
November 17.
1910.
1909.
Since
Receipts at—
Week.
168.000
Conti-
265.000
ij
Great
95,000
22,000
169
292
972
382
1,141
Supply
Consumption, 4 weeks
461
240
1,354
1,815
420
Spinners’ stock Nov. 1
221
934
dcChina Total.
Britain.
Japan
nent.
dc China.
1,000 26,000
16,000
8,000
10,000 37,000
18,000 34.00Q
10,000 18,000
1.666
2,666
t
1.666
2,000
■/-
2,000
-
w *,
-
-
-
73,000
Total.
2.000
4,000
LOOO
T
-
184,000
95,000
119,000
6,000
6,000
8,000
16,000
1
5.000
V 4,000
7,000
.
•
2,000
6,000
7,000
10,000
4,000
35,000
41,000
52,000
43.000
42,000
58,700
231,000
151,000
197,000
1.666
!■
1.000
3,000
2,000
5,000
•
•
__
_
_
_
5,000
...
_
_
— -
3.000
3,000
27.000
17,000
15,000
28,000
7i000
7,000
34.000
46.000
2,000
10.000 40,000
18,000 38,000
12,000 27,000
13.000
14.000
5,000
'
^175,000
95,000
-•
134,000!
ALEXANDRIA RECEIPTS AND SHIPMENTS.
■
•
November 16.
662
1,592
2,114
660
522
260
420
680
1,155
262
1,172
1,434
i
Weekly Consumption.
(000s omitted.)
In October
105
60
65
165
105
1
170
previous page, the
exports of cotton from the United States the past week have
reached 254,867 bales.
The shipments in detail, as made
up from mail and telegraphic returns, are as follows:
on
a
Total
NEW YORK—To Liverpool—Nov. 11—Cedric, 3,130 upland, 150
Sea Island
To Manchester—Nov. 11—Tintoretto, 2,455
To London—Nov. 12—Minnehaha, 500
To Hull—Nov. 16—Marengo, 1,039
To Havre—Nov. 12—La Gascogne, 962
To Bremen—Nov. 16—Prinz Friedrich Wilhelm, 350.
To Hamburg—Nov. 11—Pennsylvania, 28._______._
To Antwerp—Nov. 15—Samland,. 750_—_
v
To Barcelona—Nov. 14—Antonio Lopez, 700
To Genoa—Nov.
11—Duca degli
Abruzzi, 490; Koenigin
"
"
-
-
-
-
bales.
3,280
2,455
500
1,039
962
350
28
750
700
2,766
--
350
100
475
Nov. 15
r
:
20,948
Manchester—Nov. 16—Victoria de Larrinaga, 15,096
15,096
Havre—Nov. 10—Leasow Castle, 4,101
4,101
Dunkirk—Nov. 12—Saba, 1,750
..._x
i_
1,751
Bremen—Nov. 12—Saba, 2,652
Nov. 16—Cayo Do¬
i’
mingo, 4,047
6,699
To Antwerp—Nov. 10—Leasow Castle, 4,311
4,311
PORT ARTHUR—To Havre—Nov. 15—Puritan, 6,161______
6,161
To Bremen—Nov. 15—Teespool, 11,000
11,000
TEXAS CITY—To Liverpool—Nov. 11—Senator, 10,352
Nov.
16—Memphian, 14,172
24,524
NEW ORLEANS—To Liverpool—Nov. 14—Cestrian, 22,171
NOv. 18—Custodian, 20,000-,,-I
—
42,171
To Havre—Nov. 11—Texas, 10,286
• 10,286
To Bremen—Nov. 12—Michigan, 14,604—'_:£‘—„ —I__:
14,604
To Rotterdam—Nov. 14—Crpssby, 33 ivi «*_*,:
33
To Antwerp—Nov. 14—Crossby, 1,628. J.
1,628
To Barcelona—Nov. 15—Giulia, 1,150....
1,150
To Venice—NoVs'. 15—Giulia, 700
700
To Trieste—Nov. 15—Giulia, 800
600
To Flume—Nov. 15—Giulia, 50—
50
MOBILE—To Liverpool—Nov. 12—Mexican, 3,799—
:
3,799
To
To
To
To
...
_
—
—
1909.
1910.
This week
Since Sept. 1
430,000
-
■■•s'
3,085,738
!
1908.
This
Since
Week. Sept. 1,
Exports (bales)—
To Liverpool
To Manchester
To Continent
To America
16,000
6,750
10,500,
5,550
79,439
56,739
77,283
19,328
310,000
1,867,806
This
Since
This
Since
Week.
Sept. 1.
Week.
Sept. 1.
3.250
8.750
7.750
4.250
50,573
41,583
9.250
8,500
8.250
2.250
34,534
22,662
62,654
9,491
70,491
13.998
24.000 176,645 28,250 129,341
38,750 232,789
exports.
-360,000
2,311,573
MANCHESTER MARKET.—Our report received by cable
to-night from Manchester states that the market continues
firm for both yarns and shirtings,
The demand for both
yarn and cloth is improving. We give the prices for to-day
below and leave those for previous weeks of this and last
year for comparison:
.
1910.
4.
d.
s.
,
1909.
8% lbs. Shirtings, common
to finest.
32s Cop
Twist.
d.
s.
d.
Cot'n
Mid.
Upl’s
d.
8** 16s. Shirtings, common
32s Con
Twist
d.
to
d.
8.
d.
@
10** 5
3
m
@
10
@
10K
10**
@
5
5
5
5
Cot’n
Mid.
Vpl’s
finest.
d.
8.
d.
Sept
10 H
@115-16 5
6
10 H
11% 5
11% 5
11% 5
11% 5
7
@10 9
7** (a 11 0
7
@10 9
6**@10 8
7.88
8.25
7.95
7.76
11% 5
11% 5
11% 5
6
7
7
7.81 10**
8.00 10**
7.85 10**
@
111-16®
@10 7%
7.61
.
To Reval—Nov. 11—Teviotdale, 600——
To Gothenburg—Nov. 11—Teviotdale, 300..
7.29
@9 .9
Total
By cable to-day
we
@10 10
@
@
4
@9 11
@9 11
@9 11
have Mr. Ellison’s cotton figures brought
down to Nov. 1.
We also give revised totals for last year
that comparison may be made.
The spinners’ takings in
actual bales and pounds have been as follows:
October 1 to November 1.
For 1910.
Takings by spinners
bales.
Average weight of bales—lbs_
Great Britain:
Continent.
712,080
406,000
306,000
477
Total.
.
470
473.0
Takings In pounds
145,962,000
Takings by spinners
bales.
weight of bales—lbs.
lgs In pounds
385,000
681.000
486
485
143,856,000
186:825,000
485.5
330 681.000
190,820,000
For 1909.
296,000
336
,782.000
250
5,051
8,300
4,534
*
72
600
300
•
11,800
-
250
_
2,560
i00
3i017
..__i-.
.254,867
i
have the fol¬
lowing statement of the week’s sales, stocks, &c., at that port:
„
.
Oct. 28.
„
Sales of the week
bales. 45,000
Of which speculators took..
3,000
Of which exporters took
1,000
Sales, American
36,000
Actual export
4,000
Forwarded
95.000
Total stock—Estimated
412,000
Of which American
335,000
Total imports of the week
130,000
Of which American...
113,000
Amount afloat..
437,000
Of which American
..369,000
Nov. 4.
58,000
2,000
1,000
50,000
8,000
91,000
452,000
364.0O0
142,000
111,000
522.000
437,000
The tone of the Liverpool market
each day of the past week and the
12.15
P. M.
@
11** 5
11** 5
11** 5
@
3**@9
—
LIVERPOOL.—By cable from Liverpool
EUROPEAN COTTON CONSUMPTION TO NOV. 1.—
@10 7%
<®10 9
-
——
BALTIMORE—To Havre—Nov. 14—Mobile, 250
To Bremen—Nov. 16—Neckar, 2,560
To Antwerp—Nov. 14—Mobile, 100
SEATTLE—To Japan—Nov. 12—Seattle Maru, 3,017
Market,
1013,6 @
101*18 ®
-
10,168
3,567
Bremen—Nov. 15—Strathairly,
14,57714,577
NORFOLK—To Liverpool—Nov. 16—Montauk Point, 4,645
4,645
To Hamburg—Nov. 14—Mecklenburgh, 5
5
BOSTON—To Lverpooi—Nov. 14—Zeeland, 576
Nov. 15—Bo¬
hemian, 429
*,005
To Manchester—Nov. 12—Caledonian, 500
500
To
7.59
7.72
7.72
®
-
_
_
6
6
6
@
10J*
_«*■ r
BRUNSWICK—To Liverpool—Nov. 12—Clifton Hall, 11,800
To Bremen—Nov. 16—Ethelwolf, 10,168
WILMINGTON—To Havre-—Nov. 15—Bradford, 3,567——i
7.27
7.41
7.37
7.71
11
-
To Hamburg—Nov. 15—Ilmenau, 250
i
SAVANNAH—To Liverpool—Nov. 14—East Point, 5,051
To Manchester—Nov. 14—Tabaristah. 8,300.
To Bremen—Nov. 11—Teviotdale, 900
Nov. 8—-Manches¬
ter Merchant, 3,634
i_
To Hamburg—Nov. 8—Manchester Merchant, 72
9
@9 9
4**@9 9
6
@9 11
10**
10**
10**
11**
,
"
Receipts (cantars)—
1,452
374
-
Alexandria. Egypt.
f
1,218
_
2,000
2,000
1909
1908----
11
234
288
674
To Naples—Nov. 11—Koenigin Luise, 350.
To Leghorn—Nov. 11—Calabria, 100.
To Piraeus—Nov. 17—Athinal, 475..
GALVESTON—To Liverpool—Nov. 12—Inkum, 14,712
43,000
41,000
46,000
4.000
6,000
8,000
'
2,000
1,000
-2,000
_
51,000
-
2,000
—
_
-
•
138,000
3.000
3,000
-
.
1910-.-.
30
Oct
7
14
21
28
Nov
4
11
18
Total.
—Horatio, 6,236
Total all—
Total
-_
Luise, 2,276..
Conti-
Bombay—
1910-...
1909-.-1908
Calcutta—
1910
1909 '--1908---Madras—
1910
1909-1..
1908---All others—
1910--1909
1998---
Sept. 1.
! Since September 1.
Japan
nent.
Since
Week.
Sept. 1.
84.000
For the Week.
Great
Britain.
1908.
Since
Week.
Sept. 1.
55,000
Bombay.
Exports
from—
Great Conti¬
Total. Britain nent.
SHIPPING NEWS.—As shown
Deduct—
•
1909.
Great
Conti¬
Britain nent.
Spinners’ stock Oct. 1
Takings to Nov. 1
__
1,495,514
Total supply
(000s omitted.)
1909.
Season.
Week.
1910.
October 1 to November 1.
Bales of 500 lbs. each.
WORLD’S SUPPLY AND TAKINGS OF COTTON.
Cotton Takings.
Week and Season.
1395
spot cotton have been
Spot.
Mid.
Saturday.
*
J
Upl’ds
Sales
Spec.&exp.
Quiet.
as
follows:
Monday.
Tuesday.
Good
demand.
Moderate
demand.
we
Nov. 11.
Nov. 18.
43,000
5,000
102,000
514,000
429,000
168.000
147,000
481,000
385,000
143,000
501,000
400,000
51,000
1,000
1,000
Wednesday. Thursday.
Easier.
7.96
7.87
7.82
7.92
10,000
8,000
8,000
8,000
300
500
500
600
500
Steady at St’dy unch.
Steady at
5@6 pts.
Market
Quiet at
Easy at • B’ly steady
5**@7 pts. 6@6** pts. at 6@6**
decline.
decline.
J
pts, dec.
P. M.
7 @8 pts.
decline.
to. 1 pt.v.
advance. -
decline.
J
—
below.
>-
Prices
are
Steady at
2@3 pts.
decline.
Firm at
2** pts.
advance.
r
on
the basis of
clause, unless otherwise stated.
Quiet.
doing.
7.97
\
J
Friday.
Fair
business
V,
Futures.
171,000
for spots and futures
daily closing prices of
6,000
Market
opened
48,000
1,000
1,000
42,000
4,000
106,000
575,000
491,000
7,85
6,000
500
-
*;
Steady at
Steady at
l@2pts.
4@5 pt^.,
advance.
advance.
Easy At St’dy unch.
3**@4 pts. to 3 pts*
decline.,
advance.
.
.
upland, good ordinary
THE CHRONICLE
1396
The prices are given in pence ana lOOths.
Thus, 7 79 means 7 79-180d.
Sat.
Mon.
Tues.
Wed.
Fri.
Thurs.
to
Nov. 18.
12*
12*
p.m.
p.m.
November
Nov.-Dee.
Dec.-Jan.
Jan.-Feb.
Feb.-Mch.
Mch.-Apr.
Apr.-May
May-June
June-July
July-Aug.
Aug.-Sep.
•
^
—
7
7
7
7
7
7
7
7
7
7
4
4
4
4
4
12*
12*
12*
12*
12*
p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m. p.m.
69
67
63* 69* 73 * 65 *
72
66
61 * 59* 56* 62
70
66* 58
71
69
65
65* 57
60* 58* 55* 61
56
69
65
61
59
57*
71*
61* 66
57
66
61 * 60
58*
62* 67
72* 70
63
67* 59*
73* 70* 67
62* 60* 58
63
67* 69*
73* 70* 67
62* 60* 58
74
71
61
58* 63* 68 * 60
67* 63
73
70
60
66* 62
57* 62* 67* 59
65
64
60
156*
70* 67
59* 57* 55
40* 32
79* 77* 73
—
•
*
*
-
•
67
60
59
65*
58 *
57*
59*
60 * 59
61 * 60
61 * 60
62
60*
61
59 *
58* 57
35* 53
—
REVISION OF DIFFERENCE BETWEEN GRADES
AT NEW YORK.—At the meeting of the revision committee
of the New York Cotton Exchange held Wednesday, Nov. 16,
change was made in the differences that will determine
contracts until next September.
The present scale has been
in effect since Nov. 17 1909.
The rates on and off middling, as established Nov. 16 1910
no
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows:
Fair
Strtet mid. fair
Middling fair
mid
Strlot good
Good middling
Strict middling
o Basis Good mid. tinged.o
Even
0.25 off Strict mid. tinged 0.15 off
Low
middling
1.10 on
0.60 off Middling tinged
0.25 off
1.05 off Strict low.Mld.tlng.0.60 off
0.66 on Strict good ord
0.44 on Good ordinary
1.75 off Low mid. tinged
1.50 off
0.22 on Strict g'd mid. tgd.0.36 on Middling stained...0.75 off
c.1.50 on Middling
1.30 on Strict low. mid
BREADSTUFFS.
Friday, Nov. 18 1910.
Prices for wheat flour have been steady as a rule during
the week.
The mills in some instances have asked higher
prices, which consumers, however, have shown no disposition
to meet, and the trading has been on a small scale.
Not only
has new business been quiet, but shipping directions on old
contracts have also been received slowly.
The output at the
Northwest during the past week, though somewhat larger
than in the previous week, was materially smaller than in the
corresponding period last year. Rye flour has been quiet
and firm.
Corn meal has been dull and easy.
Wheat has fluctuated within comparatively narrow limits,
and the result for the
week, therefore, shows no striking
changes. In the main the trend of prices has been upward.
Whether this is any more than a temporary rally from the
persistent decline of prices during the last few months re¬
mains to be seen.
Liverpool quotations have risen sharply,
however.
The receipts at American markets has been com¬
paratively light and the Southwest, as is not infrequently
the case at this time of the year, has been sending some
unfavorable crop reports.
It is argued, too, that recent
hot, dry weather in Argentina may have caused some
curtailment of the crop in that country.
A good mill¬
ing demand has prevailed at some of the North¬
western
markets, notably at Minneapolis. Large ele¬
vator interests
have been buyers.
Chicago has done
a
rather better cash business.
Coincident with reports
from Argentina that more rain is needed, prices at Buenos
Ayres have advanced noticeably. One day's total receipts
at the primary American markets, it is worthy of
note, were
only 588,402 bushels, against 826,795 for the same time last
year.
Yet the concensus of opinion is very far from favoring
a permanent or material advance at this time.
World's
stocks amount to 199,266,000 bushels, or some
63,000,000
bushels more than at this time last year.
Foreign exporting
countries are underselling America in European markets.
The trade is sceptical as to the likelihood of any immediate
resumption of export trade on an important seale. Some
rain has latterly fallen in Argentina.
In the view of some
traders America has a hundred million bushels more than it
can use and at the same time is
exporting less than last year.
Moreover, the winter-wheat area shows an increase of 6,000,000 acres over the area harvested.
The Southwest has
latterly had beneficial rain or snow, and conservative reports
are to the effect that the new wheat
crop is generally in
excellent condition.
The estimated Argentina shipments
are more than double those for the same week last
year.
Yet there is beginning to be more caution in
pursuing the
short side of the market.
The idea of some is that the
visible supply statements will soon begin to show
weekly
decreases as contrasted with the weekly increases which
have so long been a feature of the statistics. The
disposition,
therefore, is to adopt a more conservative attitude pending
further light on the situation in the countries
having an
exportable surplus. Winnipeg has reported that exportTbids
have latterly been raised one cent.
To-day prices advanced
early on strong Liverpool cables, the recent reduction in
Argentine crop estimates, light receipts in this country,
buying by elevator interests and covering of shorts. Later
there was a decline on a weak
ending at Liverpool, less
activity on the spot in this country, favorable crop reports
and
liquidation.
.
Indian corn futures here have been dull. At Chicago the
speculation has been more active. Prices there have moved
irregularly within narrow limits, but the trend of late has
been downward, owing to somewhat larger
consignments
from the country, weakness on the
spot, selling by cash
interests and liquidation.
It is believed that the move¬
ment would be larger but for
shortage of cars. At some
Southwestern markets cash prices have fallen two to three
cents in a single day.
It is said that the seven principal
producing States hold farm reserves of 86,000,000 bushels,
or 34,000,000 bushels more than at this time
last year.
To-day prices declined on favorable weather for husking,
larger receipts and country offerings, weak cash markets in
the Southwest and liquidation.
DAILY CLOSING PRICES OF NO. 2 MIXED CORN IN
NEW YORK.
Sat. Mon. Tues. Wed. Thurs. Fri.
„
.
^Sb<»rn-J-,7
December delivery
—
IN NEW. YORK.
Wed. Thurs. Fri.
96*
97
95
95*
97*
97* ,, 97
103* 103* 102*
102
--57*
55
In elevator
May deUvery In elevator
57*
57*
54*
55*
—-_55*
58*
54*
55*
58*
54*
55*
57*
54*
54
55*
54
DAILY CLOSING PRICES OF CORN FUTURES IN CHICAGO.
Sat. Mon. Tues. Wed Thurs. Fri.
December delivery In elevator
46 *
46 *
46 *
45 *
45 *
44 *
May delivery In elevator
47* 47*
48*
47*
47* 46*
July delivery In elevator
--.48 *
48* 48*
48*
48
47*
_
.
Oats for future delivery in the Western market have shown
little change, but the tone has latterly been easier,
owing to
the heaviness of corn.
The shipping demand has been light
and supplies of contract grade at Chicago are
heavy. Sup¬
large, and it is believed by many that
from the farms will be free when husking of
plies in the interior
are
the movement
corn has been finished.
Cash interests have sold on all rallies
and scattered liquidation of December by commission houses
has occurred.
To-day prices declined on weakness in corn,
dulness and depression on the spot, selling by cash interests
and liquidation of December.
DAILY CLOSING PRICES OF OATS IN NEW YORK.
Sat.
Mon. Tues. Wed. Thurs. Fri.
Standards
38
37* 37*
38
37* 37
No. 2 white.
38* 38*
38* 38* 38* 37*
-
DAILY CLOSING PRICES OF OATS FUTURES IN CHICAGO.
Sat.
Mon. Tues. Wed. Thurs. Fri.
December delivery In elevator
31 *
31 *
31* 31* 30* 30*
May delivery In elevator
34 *
34
34
34* 34
33*
July delivery In elevator
The
following
are
34 *
34
34
34*
33*
33*
closing quotations:
FLOUR
Winter, low grades
Winter patents
Winter straights
$2 75
4 70
4 15
Winter clears
33 40 Kansas straights, sack.34
4 90 Kansas clears, sacks
4
4 30 City patents
6
4 00 Rye flour
3
3 75
Spring patents
Spring straights
Spring clears
50
00
00
85
5 55 Graham flour
4 15
5 00 Com meal, kiln dried... 2 '
4 35
5 25
4 80
4 25
GRAIN.
Wheat,
bushel—
N. Spring, No. 1
N. Spring, No. 2
Com,
per
31 16*
1 15
Red winter. No. 2
95*
Hard winter. No. 2—.... 1 01 *
Oats, per bushel, new—
Cents.
Standards
No. Z white
No. 3 white
37
37*
36*
per
bushel—
Cents.
No. 2 mixed
elev.
No. 2 mixed—_f.o.b.
No. 2 white
f.o.b.
Rye,
per
57*
Nominal
Nominal
bushel—
No. 2 Western
f.o.b.
State and Jersey
Barley—Malting
Feeding. cJX, N. Y__
82
Nominal
83 @87
Nominal
The statements of the movement of breadstuffs to market
indicated below are prepared by us from figures collected by
the New York Produce Exchange. The receipts at Western
lake and river ports for the week ending last Saturday and
since August 1 for each of the last three years have been: ‘
Wheat.
Flour.
Receipts at—
Com.
Oats.
Barley,
i
Rye.
bbls.imbs. bush. 60 lbs. bush. 56 lbs. bush. 32 lbs. bushASlbe. bu.56 lbs.
151,181
74,500
17,135
Chicago
Milwaukee..
Dnlnth
Minneapolis.
Toledo
Detroit
Cleveland
St. Louis...
Peoria
Kansas City.
’6,717
1,471
..
56.310
54,200
361,514
458,790
512,957
Total wk.'lO
Same wk. '09
Same wk. '08
Since Aug. 1
1910
1909
1908
392,800
409,060
777.841
2,041.019
14.800
13,000
57,071
452,337
28,000
758,400
1,415,000
22,600
4,944,328
7,450,832
6,355,359
2,412,567
2,416,462
1,913,932
....
....
1,498,200
234.400
32,300
128,879
89,363
141,025
249,750
194,000
New York
Boston
Philadelphia
Baltimore.
Richmond
New Orleans*
Newport News—Galveston
Mobile
-
Flour,
Wheat,
hbls.
bush.
13,046
Total week 1910.
428.791
Since J*ml 1910.15,989.106
Week 1909
509.599
.
..
11909.14,797,512
*
Com,
bush.
15*666
1,317",705
412,781
1,200
99,400
100,000
9,900
9,000
1,830,378
2,748,160
1,396,972
115,015
171,499
143,659
77,161,306 26,281,444 2,349,533
67.308.045 33.048.268 3,246,077
65,591,686 37,809,600 3.156,939
64,125
12,407
18,000
119,777
32,038
160,900
10,000
3,000
390,039
441,189
184,753
11,184
------
6,701
36,288
Montreal
1,183,800
193,027
44,530
68,569
42,981
4,289
19,360
695
42.220
3,onn
”f,i67
123.400
60*300
2,805,649
3,506,624
2,614,989
19,000
31,200
1
365,500
Total receipts of flour and grain at
the week ended Nov. 12 1910 follow:
Receipts at—
339,000
436,800
266,321
587,690
15.806
304,860
49.500
54,652
99,031
139,650
5.669,483 111,081,081 52,105,185
7.572,788 127,550,686 45,641,667
7,506,125 120,321,872 33,294,190
....
Since Jan.
DAILY CLOSING PRICES OF WHEAT FUTURES
Sat.
Mon. Tues.
No. 2 red winter—
96*
96* 97*
December delivery In elevator
96*
97* 9S *
May delivery la elevator
102* 102* 103*
LXXXXI
DAILY CLOSING PRICES OF WHEAT FUTURES IN
CHICAGO.
Sat. Mon. Tues. Wed. Thurs. Fri.
December delivery In elevator
89 *
90 *
91 *
90 *
90 *
90 *
May delivery In elevator
---95*
96*
97*
93* 96* 96
July delivery In elevator
92 *
94
93 *
93 *
93 *
92*
^
Nov. 12
{Von.
the seaboard ports for
Oats,
bush.
550,175
89,842
155,591
37,498
Barley,
bush.
212,662
2,520
Rye,
bush.
2.300
1,600
31,067
2,984
30,466
42,000
13,520
82,687
38,474
846,548
3,544,870
988,259 253,656
37,951
67,291.115 35,733.821 44,110,901 3321,921 798.915
4,114,838
644,226 1,172.856 246,481
31,931
82.459,413 35,606,580 38,399,517 6079,678 1030.782
♦Reeelpts do not lnolude grain passing through New Orleans lor foreign ports on
through bills of lading.
exports from the several seaboard ports for the week
ending Now. 12 1910 are shown in the annexed statement:
The
Noy. 19
THE CHRONICLE
1910.]
Wheat,
Com,
Flour,
Oats,
Rye,
bush.
bush.
bbls.
bush.
bush.
585,992
179,747
263,000
27,173
76.982
7,340
18,200
2",783
30,000
13,046
2,000
2,330
Barley,
1397
Peas,
shipment to meet welt-defined needs, and efforts to induce
bulk-buying for forward delivery at current prices have met
with little success.
Special offerings, on the other hand,
Philadelphia
are readily taken, and in this connection the marked
Baltimore.
85,714
success
New, Orleans.
2,500
19,000
100
attending the special sale held during the week by a large
Newport News..
10,000
Galveston
dry-goods concern in St. Louis is noteworthy. Conditions
MobUe
6,701
13,520
in the primary cotton goods market,
particularly, are un¬
Montreal
1,006,000
160,000 69,000
2,172
24,000
satisfactory. Demand for print cloth yarn goods and
Total week.... 2,034,739
315,407 226,052
7,002
29,073
6,821
convertibles has fallen off perceptibly, that is, at
Week 1909
prices
331,122 276,168
3,480,087
5,765
75,362
1,937
acceptable
to producers. A substantial amount of business
The destination of these exports for the week and since has been
tendered, it is understood, at levels below the
July 1 1910 is as below:
current market, but mills have turned down
many such
Flour
Wheat
-Cornoffers which, because of the continued high cost of
Since
Since
production,
Since
Exports from—
New York
.
_..
.
...
bush.
bush.
5,073
4,421
2.200
•
Week
Week
July 1
July 1
Nov. 12.
Exports for week and Nov. 12.
1910.
1910.
Since July 1 to—
bush.
bush.
bbls.
bbls.
United Kingdom...109,068 1,492,451 1,255,652 13,411,806
Continent
667,758
776,245 7,346,253
40,981
Sou A Cent. Amer. 44,259
2,842
392,417
111,792
West Indies
28,185
432,519
Brit. Nor. Am. Cols.
3,273
55,614
Otter countries
286
62,253
7,000
Total
Total 1909.
Week
Nov. 12.
bush.
226,052 3.103,012 2,034,739 20,876,851
276,168 3,692,875 3,480,087 36,535,433
July 1
1910.
bush.
116,000
157,007
3,460
37,580
,221,969
,486,547
,383,304
531,289
5,708
1,360
13,249
315,407
331,122
6,642,066
3,413,480
The world's shipments of wheat and corn for the week
ending Nov. 12 1910 and since Julyl 1910 and 1909 are
shown in the following:
|
Wheat.
Exports.
1910.
Week
Nov. 12.
1909.
Since
July 1.
Bushels.
2
North Amer. 3,808,000
Russia
8,048,000
ao
t~
Danube.... 1,928,000
Argentina
608,000
..
India
Australian
Oth. countr’s
.
1,200,000
368,000
Total
®—i
200,000
i li li
Com.
|
1910.
|
Week
Since
Since
July 1.
Nov. 12.
July 1.
July 1.
Bushels.
Bushels.
Bushels.
Bushels.
56,541,000
89,832,000
244,000
6,783,000
128,000
3,007,000
9,592,000
323,000 45,938,000
12,648,000 5.151.000 32,508,000
}
f
>27,212,000 <
i
u
3,328,000
6,029,000
7,359,000
48,046,000
5,846,000'
64.762,000
16160000 246,201,000 195,825.000
88,236,000
The quantity of wheat and corn afloat for
mentioned was as follows:
Europe
Wheat.
dates
United
Kingdom.
12 1910..
51910..
13 1909..
14 1908..
16 1907..
on
Cam.
United
Nov.
Nov.
Nov.
Nov.
Nov.
1909.
Since
Continent.
Total.
Kingdom.
Bushels.
Bushels.
Bushels.
18,352,000
17,984,000
13,600,000
16.480,000
16,600,000
23,176.000
21,760,000
13,280,000
14,320,000
11,240,000
41,528,000
39,744,000
26,880,000
30,800,000
27,840,000
Continent.
Bushels.
Bushels.
Bushels.
visible supply of grain, comprising the stocks in
granary at principal points of accumulation at lake and
AMERICAN
New York
*'
.
afloat
I
Boston
Philadelphia
.
Baltimore
New Orleans
.
Galveston
Buffalo
afloat
Toledo
Detroit
.
.
“
Chicago
.
.
.
_
Milwaukee
.
.
Duluth
.
Minneapolis
.
.
Indianapolis
.
On lakes.
On canal and river...
.
.
STOCKS.
Com,
bush.
bush.
bush.
3,037,000
186,000
689,000
770,000
987,000
3,000
105,000
2,336,000
2,285,000
1,582,000
408,000
6,136,000
270,000
3,476,000
57,000
816,000
29,000
3,000
48,000
441,000
102,000
.11,343,000
St. Louis
Kansas City.
Peoria
GRAIN
follows:
Wheat,
2,348.000
4,240,000
7,000
548,000
729,000
590,000
70,000
129.000
3,000
373,000
24,000
316,000
116,000
30,000
Oats,
375,665
135,000
5,901,000
464,000
3.208,000
392,000
.
.
.
.
bush.
6,000
97,000
25,000
121.000
'40)66
18,000
13,000
9,000
73,000
159,000
6,000
251,000
562,000
400,000
39,000
863,000
331,000
12,000;
1,715,000
33,000
iVo'.ooo
34,000
390,000
Total Nov. 12 1910. .41,889,000
2,307,000 16,130,000
Total Nov. 5 1910. .40,366,000
2,976,000 16,557,000
Total Nov. 13 1909. .28,587.000
2,409,000 13.703.000
CANADIAN GRAIN STOCKS.
Montreal
Fort William
Port Arthur
Other Canadian.
Barley,
856,000
836,000
31,000
128,000
193,000
16,000
229,000
398,000
8,000
Rye,
bush.
*
240.000
409,000
410,000
1,050,000
2,729,000
2,907,000
4,133.000
Rye,
Barley,
Wheat,
Com,
busk.
bush.
bush.
1,049,000
201,000
604,000
44,000
604,000
476,000
392.000
39,000
92,000
5,777,000
3,450.000
2,946,000
Total Nov. 12 1910. .13,222,000
Total Nov. 51910. -11,969,000
Total Nov. 13 1909. .11,975,000
201,000
206,000
38,000
SUMMARY*
Wheat,
Com,
Oats,
Oats,
bush.
bush.
44,000
Rye,
Rarity,
bush.
bush.
.41,889,000
.13.222,000
bush.
bush.
bush.
2,307.000
201,000
16,130,000
409,000
2,729,000
Total Nov. 12 1910. .55,111,000
Total Nov. 51910. .52,335,000
2.508,000
3,182,000
16,734,000
17,033,000
American
Canadian
604,000
44,000
409.000
410,000
2,773,000
2.946,000
THE DRY GOODS TRADE.
New York, Friday Night. Nov. 18 1910.
Trading in cotton goods has continued quiet and un¬
evenly distributed, business in some lines being fairly
satisfactory;, but in others much below expectations. Im¬
provement in demand which many sellers hoped would
follow the
election has not materialized.
likely.
In time this may
Prices generally have been firmly held.
cessions, but, as indicated, mills are unwilling to accept
contracts except at full asking
prices. Fancy cottons,
special offerings and certain seasonable lines received most
attention during the week; staple cottons as a whole were
relatively slow. Jobbers report a fair volume of business,
mostly of a filling in character, with little evidence of a
desire to anticipate distant requirements in
any quarter.
Jobbers themselves continue conservative
the
regarding
future.
Yarns have ruled quiet and steady to firm in
price.
In cotton underwear and hosiery
competition for fall 1911
business has become keener, as some of the
leading factors
are offering their
products for that season on about the same
level as prevailed for 1910, while others have been endeavor¬
ing to secure orders at advances. A slight improvement in
the call for dress goods is noted, while in men’s wear the
cooler weather has stimulated
a
brisk demand for
over¬
coatings.
DOMESTIC COTTON GOODS.—The exports of cotton
goods from this port for the week ending Nov. 12 were 3,478
packages, valued at $254,276, their destination being to the
points specified in the tables below:
1910
Great Britain
Other European
China
India
Arabia
Africa
West Indies
Mexico
Central America
South America
Other Countries
Total
Week.
33
2
464
351
10
1,304
27
289
734
264
1909
Since
Jan. 1.
Since
1,786
Week.
116
833
92
57,747
13,989
13,548
6,388
28,110
1,800
12,005
43,508
43,885
3,478 223,599
683
1,012
69
263
868
535
Jan. 1.
1,783
1,039
166,473
15,406
25.295
14,840
36,679
1,558
12,354
47,509
20,041
3,638 349,977
The value of these New York exports since Jan. 1 has been
$15,761,971 in 1910, against $18,772,047 in 1909.
Bleached goods are moving in moderate volume
only, the
leading tickets holding steady. Drills and sheetings are
quiet, with branded descriptions well held; sales of small lots
of stock goods are occasionally
reported at concessions, but
on goods to be made sellers are firm.
Colored cottons show
no
material increase in activity.
A good demand has
developed for cotton quilts, and some of the leading manu¬
facturers are said to be well sold
up for spring delivery, one
of the largest lines in fact,
having been withdrawn. Blankets
and napped goods were in fair request
for prompt shipment,
buyers showing willingness to pay full asking prices on
goods
available
for quick
and prints
aye sold
Somedelivery.
steadily.
inquiries Ginghams
forward from
came
China, principally for 3-yard sheetings, but bids were about
4 per cent below seller’s views and no business
has resulted;
export trade with miscellaneous ports has been dull. Only
a moderate and scattered demand
was in evidence for
print
cloths; selling by second hands was reported, but the volume
was
not large; standard
gray goods, 38J^-inch, remain
quotably unchanged.
WOOLEN GOODS.—Activity in the men’s wear market
has been confined chiefly to
overcoatings to meet immediate
and near-by needs.
The cooler weather of the past week has
resulted in a brisk demand for stock
goods and supplies are
reported as limited. Duplicate orders on light-weight
fabrics have been fairly
satisfactory in some quarters bat
poor in others.
In the dress goods division retailers ha
operated somewhat more freely on staple goods for
current season and to some extent for
spring; but in t
primary market generally business has continued slow
both prompt and future delivery.
Serges and voiles figu’ ;
prominently in such orders for spring as have been received.
FOREIGN DRY GOODS.—Certain lines of
imported
men's wear fabrics showed a little more
activity
on account
of the more seasonable weather,
but business in the aggregate
in these lines and in
foreign dress goods was moderate,
Linens continued firmly held and in
good request, par¬
ticularly housekeeping linens for the special Thanksgiving
and. January “white sales” in retail establishments, while
additional orders for spring dress linens were received
by
importers. Burlaps ruled firmer and rather excited early in
the week, but
comparatively quiet later, with a fair business
reported; light-weights are quoted at 3.90c. and 10^-ounce
develop, especially since the need of goods is quite evident
in various directions; at
present, however, conditions
generally are not encouraging. Buyers are frequently in
the market, but as a rule are
disposed to operate close, both
in the matter of quantity and
price; their purchases are
invariably confined to small lots for^immediate or near-by
4.90c.J‘
seems
Some small lots of gray goods have changed hands at con¬
New York to Nov. 12—
7,880,000 16,193,000 24,073,000
7,641,000 15,708,000 23,349,000
3,825,000 5,695,000 9,520,000
4,675,000 5,185,000 9,860,000
5,120,000 3,640,000 8,760,000
as
output
Total.
The
seaboard ports Nov. 12 1910, was
would show little, if any, profit.
Considerable talk is heard
of further curtailment among mills in order to avoid an
accumulation of goods produced from high raw material
and the undesirable effect which overproduction
might have
upon values.
Unless, conditions in the goods markets
change so that manufacturers will be assured of reasonable
profits on forward business, an increased restriction of the
THE CHRONICLE
1398
State aw© City Deeaiitmewt.
News Items.
Boulder, Boulder County, Colo.—Municipal Charter Con¬
Defeated.—The result of the election Nov. 8 on the
question of a “municipal charter convention” was 1,129
votes “for” to 1,804 “against.”
California.—Panama Exposition Amendments Approved.—
The returns from the general election in this State on Nov. 8,
although not officially announced, indicate that the two pro¬
posed amendments to the constitution passed at a special
i63sion of the Legislature on Sept. 8 to raise funds to secure
the location of the Panama Exposition (V. 91, p. 665) were
both ratified by large majorities.
Under the terms of one
of these amendments the city of San Francisco was author¬
ized to vote on an amendment to its charter so as to allow
the issuance of $5,000,000 bonds, the proceeds of the same
to be turned over to the Panama Pacific International Ex¬
position Co., to be used by this company for an exposition
to be held in San Francisco to celebrate the opening of the
Panama Canal.
In accordance with this authority, a special
election was held in San Francisco on Nov. 15 and the pro¬
posed charter amendment was accepted, according to
reports.
The other constitutional amendment approved by the
voters of the State on Nov. 8 creates a fund of $5,000,000
for the use, establishment, maintenance and support of the
Panama Pacific International Exposition.
This fund is to
be raised by the levying of an ad valorem tax for the fiscal
vention
years
beginning July 1 1911 and each year thereafter, to and
including July 1 1914, upon all the property in the State
not exempt under the law and subject to taxation on July 1
1910.
It is
understood, of course, that the location of the Panama
Exposition is to be chosen by Congress, and the amendments
referred to above will only take effect in the event of the
choice of San Francisco.
As recently reported in these
columns, the voters of the State of Louisiana on Nov. 8
approved two constitutional amendments raising sums of
money to secure the location of the exposition for New
Orleans.
In addition to the two proposed amendments relating to
the Panama Exposition, there were submitted to the voters
of the State of California on Nov. 8 six other amendments
tb the constitution and four propositions providing for the
issuance of bonds aggregating $29,500,000 by the State.
The returns at hand are said to indicate that all of these
carried.
See V. 91, p. 974; also V. 89, p. 1553.
One of the
proposed amendments submitted on Nov. 8 provides for the
separation of State and local taxation and for the taxation
of public service and Other corporations for the benefit of the
State.
This amendment was given in full in V. 91, p. 975,
but was later changed in several respects at a special session
of the Legislature which convened Oct. 3 1910.
The changes
made at this special session were as follows:
capital stock of banks changed from 8-10 of 1% to 1%.
pi Rates of taxation named In amendment to be changed by a vote of twothirds, Instead of three-fourths, of the Legislature.
The amendment as passed at the regular session provided that “until the
year 1918 the State shall reimburse San Bernardino and Placer counties for
the net loss In county revenue occasioned by the withdrawal of railroad
property from county taxation.”
As altered at the special session, the law
provides for the reimbursement of any and all counties which sustain a loss
► Tax on
of
revenue.
Sub-dlvlslon g of the amendment as passed at the regular session was
as follows:
(g) No Injunction shall ever Issue In any suit, action or proceeding In
any court against this State or against any officer thereof to prevent or
enjoin the collection of any tax levied under the provisions of this section
until such tax has been actually paid; but after payment action may be
maintained to recover any tax Illegally collected In such manner and at
such time as may now or hereafter be provided by law.
At the special
session the words “until such tax has been actually paid” were eliminated.
The only other change made at the special session was the addition of the
words “the year ending” In sub-dlvlslon J.
It will be noticed that these
words were Included In the law as printed In V. 91, p. 975, the same having
been Inserted Just before going to press.
Cincinnati, Ohio.—Vote Cast
on
Annexation of Villages.—
of certain villages
The vote polled Nov. 8 on the annexation
to the city of Cincinnati is given as follows:
—Vote in Cincinnati
“For."
55,489
“Against."
5,643
“
“
“ Sayler Park
53,928
5,707
“
“
“
“
54,017
53,929
54,703
54,323
Annexation of College Hill
^
"
“
“
Cheviot
“
Madisonville
“
Mount
Mount
“
53,996
Carthage
Elmwood Place
Airy
Washington.52,914
5,536
5,495
5,596
5,579
5,572
5,661
Vote in
Villages—
“For." “Against.'
218
254
109
90
361
136
338
214
264
400
254
619
87
215
14
62
The above vote indicates that the question of annexation
of all the villages named was carried in Cincinnati and de¬
feated in only two of the villages themselves, namely Elm¬
wood Place and Cheviot.
It was originally intended to vote on the question of an¬
nexation of Oakley, Norwood and St. Bernard, in addition
to the places given above, but this was prevented by litigation.
Cleveland, Ohio.—Voters Favor Construction of Subways.—
The voters of this city at the general election Nov. 8 granted
to the Cleveland Underground Rapid Transit Co. the right
to construct a subway system.
A dispatch to “Financial
America” says:
^
ti
.
Cleveland, Nov. 14.—The electors of this city have voted in favor of
building the two proposed subway systems, one a high-level subway to
accommodate electric railway passenger traffic from the public square to
the east and west city limits, the other a low-level freight and Interi&ban
subway, from the outskirts of the city Into the downtown wholesale dis¬
trict.
The high-level subway, as proposed, will extend about 30 miles,
while the other will extend about three miles, but will also include about
[Voi..
LXXXXI.
two miles of elevated track construction.
The referendum voted granted
the right to build to the Cleveland Underground Rapid Transit Co.
It u
now proposed to increase the nominal capital stock of this
company and also
to proceed at once to determine the engineering problems involved.
To
retain its rights the company must begin actual construction work on the
low-level route before Dec. 1912 and on the high-level lines before June 1912.
The city has the option of purchasing the low-level lines at 3850,000 per
mile of single track and the high level lines at 5350,000 per mile of
single
track.
At the end of 75 years the lines become the property of the city.
The vote on the high-level subway was 31,674 to 27,930
on the low-level
subway 29,786 to 25,836.
and
Fort Smith, Ark.—Final Decree of Circuit Court in Water¬
works Case.—The final decree of the United States Circuit
Court in the suit brought by the city of Fort Smith to com¬
pel the Municipal Water-Works Co. of that city to sell its
plant fixes the value of the property at $420,000. As stated
in V. 91, p. 539, the Special Master in his report to the Court
on Aug. 5 found the value of the
plant to be $462,267.
Indiana.—Colosseum Bonds Due Nov. 1 Not Taken Up.—
According to the Indianapolis “News”, the $100,000 4%
bonds issued under an Act of the Legislature of 1907 for the
construction of a colosseum or live-stock pavilion at the
State Fair Grounds were not taken up by the State on Nov. 1,
the date of their maturity.
The Act of the Legislature pro¬
viding for the bond issue contains the following:
“Said bonds and Interest coupons as they mature shall be paid out of
In the State treasury not otherwise appropriated.”
any money
State Auditor John C. Billheimer made the
statement regarding the payment of the bonds:
following
“We hold that under the phrase, ‘not otherwise appropriated,' we can
decline to take up the bonds at this tithe.
There Is considerably more than
$100,000 In the State treasury, but It Is all covered by the Appropriation
Act of the General Assembly of 1909, and these appropriations take prece¬
dence over the special Act authorizing the Issuance of the bonds.
“It may be that the bonds can be taken up after the December settle¬
ment Is made with the County Treasurers, but I doubt If
they can. It Is
probable that a special Act of the General Assembly will be required to set
aside the money for their redemption unless the holders wish to take their
chances of there being $100,000 In the treasury at some time with no ap¬
propriations standing against It. The matter ought to have been attended
to In the General Assembly of 1909, but no action concerning It was taken.”
Although the coupons have been exhausted, It is held that the holders
of the Instruments can continue to collect 4%.
The bonds are chiefly In
the hands of banks and trust companies for collection.
Kansas.—Constitutional Amendment Defeated.—The pro¬
posed constitutional amendment relating to compensation
of members of the Legislature, given in full in V. 89, p. 57,
was defeated on Nov. 8,
according to newspaper reports.
Mississippi.—Constitutional Amendments Adopted,—The
three proposed amendments to the State Constitution, re¬
ferred to in V. 91, p. 599, were approved by the voters on
Nov. 8.
Missouri.—Constitutional Amendments Defeated.—News
dispatches indicate that the eleven proposed amendments to
the State constitution, submitted at the general election
Nov. 8 met with defeat.
See V. 91, p. 893.
New Hampshire.—Constitutional Convention Favored.—The
question of calling a convention to revise the State Consti¬
tution (V. 89, p. 737) was decided in the affirmative by the
voters
on
Nov. 8.
Newport, Ky.—Bonds Declared Valid by Circuit Court.—On
of the Newport Circuit Court ren¬
valid the $100,000 coupon streetimprovement bonds mentioned in V. 91, p. 665. It is said
that the case will be taken to the Court of Appeals.
Nov. 12 Judge Yungblut
dered a decision holding
New York State.—Vote in Greater New York on Pali¬
sades Park Bonds and Constitutional Amendment.—A canvass
of the vote cast Nov. 8 in Greater New York on the proposi¬
tion to issue $2,500,000 bonds for the Palisades Inter-State
Park and the proposed constitutional amendment increasing
the salary of the Chief Judge and associate judges of the
Court of Appeals, and providing for two more associate
judges, shows that the voters were overwhelmingly in favor
of both propositions as far as this city is concerned.
On
the bond proposition there were 218,020 votes “for” to 74,451
“against,” while the amendment received a vote of 305,221
“for” to 101,708 “against.”
The returns from up-State,
however, on these propositions are not yet available.
Oakland, Cal.—Issuance of Bqnds by Annexed Sanitary
Districts Enjoined.—A decision was rendered by the State
Supreme Court on Oct. 3 preventing the issuance by various
sanitary districts which have become annexed to the City of
Oakland of bonds aggregating $375,000.
The proposed
issues were as follows: $75,000 of the Elmhurst Sanitary Dis¬
trict, $75,000 of Seminary Park Sanitary District, $75,000 of
Fitchburg Sanitary District, $60,000 * of Upper Fruitvale
Sanitary District, $54,000 of East Fruitvale Sanitary Dis¬
trict and $36,000 of Redwood Sanitary District.
A petition
for a rehearing has been denied by the Supreme Court.
Oklahoma.—Supreme Court Decides That State Capital
Must Remain at Guthrie.—The State Supreme Court on Nov.
15 decided that the election held June 11, at which it was
voted to change the location of the State Capital from Guth¬
rie to Oklahoma City, was void because of defects in the title
of the ballot.
See V. 91, p. 287. The Governor is said to
have announced that he would call a special session of the
Legislature to convene Dec. 2 to authorize a referendum on
the Capital proposition.
Pennsylvania.—No Vote Taken on Constitutional Amend¬
ment.—We stated several weeks ago that there would be sub¬
mitted to the voters on Nov. 8 a proposed amendment to
the constitution to allow the City of Philadelphia,,in deter¬
mining its borrowing capacity, to exclude debt inourred for
subways and wharves and docks. It appears that this pro-
1399
THE CHRONICLE
Nov. 19 1910.1
Beliefontaine School District (P. O. Beliefontaine), Logan
position was in 1909 substituted to an amendment passed County, Ohio.*—Bond Sale.—The $35,000 4%% school-build¬
by the Legislature of 1907. Accordingly, it will have to be
bonds described in V. 91, p. 976, were sold on Oct. 31
approved by the incoming Legislature before it can be sub¬ ing
to the Provident Savings Bank & Trust Co. of Cincinnati
mitted to the voters of Pennsylvania. If passed by the
1911 Legislature, it will be placed on the ballot at the general at 106.085.
Maturity $500 each six months
election in November of that year.
Pueblo, Oolo.—Commission Plan
of Government Not Sub-
mitted to Vote on Nov. 8.—The question of adopting the com¬
mission form of government was not submitted to a vote on
Nov. 8 (V. 91, p. 816), the District Court having ruled that
proposition could only come up at a “general city elec¬
tion,” which will take place next April.
South Dakota.—Result of Vote on Constitutional Amend¬
the
ments.—Of the six proposed amendments to the constitution
before the voters on Nov. 8 (V. 89, p. 944), only one, that
clusive and $1,000 each
from March 1 1919 to Sept. 1 1928 in¬
11941 ind.
six months from March 1 1929 to March
Binghamton, Broome County, N. Y.—Bond Offering.—
Proposals will be received until 4:30 p. m. Nov. 30 by S. W.
Murray, Secretary of Board of Estimate and Apportionment,
for $50,000 4 Vi% registered High School site bonds voted on
Oct. 14 (V. 91, p. 1113.)
Denomination $5,000.
Date Dec. 1 1910. Interest semi-annually at
the City Treasurer’s office.
Maturity $10,000 yearly on Aug. 1 from 1920
to 1924 Inclusive.
Certified check, cash or New York draft for 2% of bonds
bid for, payable to the Secretary of the board. Is required.
Brazoria County Drainage District No. 4, Tex.—Bonds
relating to the renting of school lands, met with their ap¬ Registered.—We are advised that on Nov. 12 the State Comp¬
proval
troller registered $124,000 5% bonds.
Spokane, Wash.—Bonds Declared Valid by Superior Court.
Bremerton, Kitsap County, Wash.—Bond Election.—A
—On Nov. 5 Judge H. L. Keannan of the Superior Court sus¬
proposition
to issue $15,000 municipal wharf bonds will be
tained the demurrer of the city to the complaint of Joseph submitted to the voters at an election to be held Dec. 6.
Murphy, who sought to enjoin the issuance of the $1,000,000
Bristol, Va.—Bond Sale.—It is stated that the $60,000
park bonds voted May 3 1910 (V. 90, p. 1319).
5% water-system-extension bonds offered without success on
'■■to1—Sept. 27 (V. 91, p. 1195) have been awarded to Weil, Roth
Bond Proposals and Negotiations this week & Co. of Cincinnati at 101.50.
Broken Bow, Nob.—Bonds Not Sold.—No sale had been
have been as follows:
made up to Nov. 14 of the $15,000 city-hall and jail and
Adrian, Lenawee County, Mich.—Bonds Voted.—An
election held Nov. 8 resulted in favor of the question of $8,000 water-extension 5% coupon bonds described in
V. 91, p. 825.
issuing $30,000 street-improvement bonds. The vote is
Brookings County (P. O. Brookings), So. Dak.—Bonds
reported as 680 to 596.
Voted.—The $100,000 court-house bond proposition presented
Aiken, Aiken County, So. Caro.—Bond Offering.—Pro¬ to the electors on Nov.
8 (V. 91, p. 740) was authorized, it is
posals will be received until 12 m. Dec. 1 by J. L. McNair,
stated,
by
a
vote
of
1,243
to 913.
Chairman Commissioners Public Works, for the $78,000
Frederick
Brunswick,
County, Md.—Bond Offering.—Pro¬
4H% coupon water-works-extension bonds voted (V. 91,
posals will be received until 8p.m. Dec. 6 by A. B. Hedges,
p. 539) on August 16.
Date Oct. 1 1910.
Interest semi-annual.
Maturity 40 years, subject Clerk and Treasurer, for $5,000 43^% coupon street-improve¬
.
'
to call after 20 years.
ment bonds.
Sale.—Following are
the bidders and the premiums offered by the same for the ten
issues of bonds for which proposals were received on Nov. 14,
Denomination
Authority Section 1, Chapter 209, Acts of Jan. 1910.
Interest semi-annually at the Savings Bank of
Maturity Jan. 1 1936, subject to call after 10
B<5nds are exempt from county and municipal tax. Certified check
years.
for 5%, payable to the Clerk and Treasurer, Is required.
Bonded debt.
Including this Issue, $32,500.
No floating debt. Sinking fund, $1,778.
Assessed valuation in 1910, $770,000.
Alliance, Stark County, Ohio.—Bond
and which
are
described in V. 91, p. 1275:
911,772
6% bds.
Davies-Betram Co Cine ..3175 00
Breed & Harrison, Cine
172 22
Sec. Sar.Bk.&Tr.Co.,Tordo 151 50
Barto, Soott & Co., Colum.151 59
Otis & Hough, Cleveland..
77 29
Weil. Roth & Co., Clnoin..
55 69
913.784
6% bds.
3202 00
202 82
,
181 76
94 82
64 72
36.887
5% bds.
392
91
68
76
00
84
50
41
40 00
911.414
5% bds.
3175 00
169 38
153 03
146 21
54 53
53 50
91.520
h%bds.
-----
.04
3.04
$500.
Date Jan. 1 1911.
Brunswick In Brunswick.
Bryan County (P. O. Durant), Okla.—Bonds Defeated.—
The election held Nov. 8 resulted in the defeat of the question
of issuing the $160,000 court-house and jail bonds mentioned
in V. 91, p. 1275.
County (P. O. Storm Lake), Iowa.—Bonds
Defeated.—The
voters of this county on Nov. 8 defeated a
$148 00
Davies-Betram
Otis & Hough, Cleveland..
8 66
Par
Par
70 00 proposition to issue $35,000 hospital bonds.
Par
Barto, Soott & Co., Colum.
140 00
2 51
Burlington, Des Moines County, Iowa.—Bond Sale.—This
2 25
Sec.Sav.Bk.&Tr.Co.,Toledo
City on Nov. 8 sold $150,000 4)^% funding bonds to Geo. M.
Athens, Athens County, Ohio.—Bond Sale.—The $5,450 Bechtel & Co. of Davenport at par.
5% (village’s portion) bonds, to pay the cost of improving
Denomination $1,000.
Date Nov. 1 1910. Interest semi-annual.
sewers in Storm Water Sewer District No. 1, offered on
Maturity $102,000 in 1920 and $48,000 in 1930.
Nov. 7 and described in V. 91, p. 1113, were awarded to the
Cincinnati, Ohio.—Bonds Voted.—The propositions to issue
Athens National Bank at par and accrued interest.
Other the $1,000,000 boulevard and park and $800,000 grade¬
bids are as follows:
crossing-abolition bonds mentioned in V. 91, p. 1276, were
New First Nat. Bk., Colum._$5,703 Well, Roth & Co., Clnclnnatl_$5,655
approved by the voters on Nov. 8. The vote on the park
Rudolph
Kleybolte
Co.,
Inc.,
Hayden, Miller & Co., Cleve._ 5,671
Cincinnati
5,627 bonds was 46,075 to 15,720 and on the grade crossing bonds
Seasongood & Maya*, Clncin.. 5,656
$3,570
5% bds.
Co., Cino__ $10 00
$2,900
4% bds.
AH the above bids were conditional.
Sept. 1 from 1911 to 1920 inclusive.
$1,200
4% bds.
$5,000
$8,500
4% bds. 4)4%bds
Bonds mature $545 yearly on
Atlanta, Ga.—Bond Sale.—On Nov. 15 the $300,000 water
school 4 Yf/0 coupon (with privilege of registra¬
tion) bonds described in V. 91, p. 1113, were awarded to
Townsend Scott & Co. of Baltimore, Breed & Harrison of
Cincinnati, Denison & Co. of Cleveland and the Provident
Savings Bank & Trust Co. of Cincinnati, at their joint bid of
103.029.
Maturity of water bonds $30,000 yearly on Jan. 1
from 1926 to 1935 inclusive and of school bonds $20,000
yearly on Jan. 1 from 1926 to 1935 inclusive.
Baltimore, Md.—Sale of City Stock.—On November 16
the Finance Commissioners closed negotiations for the
sale of $1,000,000 3J^% sewerage stock, due in 1980, to
Jas. A. Hutchinson of Boston at 85H and interest.
The above is part of the $10,000,000 loan voted in May
1905 and of which $7,837,100 has been sold to date.
We
and $200,000
Buena Vista
39,949 to 13,631.
Clarke County (P. O. Quitman), Miss.—Bonds Defeated.—
We
see
it stated that the voters have defeated
a
proposition
to issue court-house bonds.
Coffeyville, Montgomery County, Kan.—Bond Sale.—It is
reported that this city has awarded issues of $20,000 5%
refunding light and $18,000 5^£% special improvement
bonds to Spitzer & Co. of Toledo, at par.
Colorado.—Bonds Awarded in Part.—A telegram received
by us yesterday (Nov. 18) stated that $840,300 of the
$950,000 3% 20-year coupon funding bonds, dated July 1
1909, had been disposed of. This makes a total of $82,300
bonds sold since our last report.
See V. 90, p. 1378.
As already reported by us, these bonds are being exchanged at par and
accrued Interest for certain warrants or certificates of Indebtedness, Issued
during the years 1899,
rection and defending
1903 and 1904,for the purpose of suppressing Insur¬
the State.
District <P. O. Colorado City),
this stock.
Barberton, Summit County, Ohio.—Bonds Defeated.—The
Denomination $1,000. Date Nov. 1
uestion of issuing the $40,000 park bonds mentioned in (optional) bonds.
1910.
Interest semi-annual.
K 91, p. 1047, was rejected by the voters on Nov. 8.
Covington; Kenton County, Ky.—Bonds Voted.—The
Barberton School District (P. 0. Barberton), Summit
election held Nov. 8 resulted, it is reported, in favor of the
County, Ohio.—Bond Sale.—Seasongood & Mayer of Cin¬
cinnati are reported as having purchased $6,500 4)^% proposition to issue the $100,000 park-improvement bonds
mentioned in V. 91, p. 1276.
school bonds for $6,646—the price thus being 102.246.
Crescent City School District (P. O. Crescent City), Del
Battle Creek, Ida County, Iowa.—Purchaser of Bonds.—
The purchaser of the $2,000 5% sewer-system bonds disposed Norte County, Cal.—Bonds Voted.—An election held Nov. 8
of on Nov. 1 (V. 91, p. 1342) was Geo. H. Clark.
The price resulted in favor of a proposition to issue $30,000 5% highschool-construction and furnishing bonds. The vote was
paid was par.
348 to 90.
Denomination $500.
Maturity 1930.
Date Nov. 1 1910. Interest annual. Maturity
have
previously reported in the “Chronicle” from time to
time tne sale of $5,233,700 of
Nov. 1 1915.
Bellaire School District (P. O. Bellaire), Belmont
County,
Offering.—Proposals will be received until
Ohio.—Bond
12 m. Dec. 7 by the Board of Education,
for $$,500 4% school bonds.
H. T. Tyler, Clerk,
Authority Sections 7629 and 7630 of the General Code.
Denomination
$1,000. except one bond of $500.
Date Dec. 15 1910. Interest semi¬
annual. Maturity Sept. 15 1916. Certified check for 2% at bonds bid for.
pafaefo to the Board of Education, Is required.
Colorado City School
Colo.—Bond Sale.—E. H. Rollins <fc Sons of Denver were the
successful bidders on Nov. 1 for $45,000 5% 10-20-year
Dallas County (P. O. Selma), Ala,—Bonds Awarded^ in
Part.—On Nov* 7 $100,000 of the $250,000 5% gold road
bonds described in V. 91, p. 896, were awarded, it is stated,
to the City National Bank in Selma at 104.50.
Dawson Springs, Hopkins County, Ky.—Bonds Voted.—
This town has voted, it is stated, to issue bonds for a sanit&ryse werage-sy
stem.
1400
THE
CHRONICLE
Dayton, Ohio.—Bonds Defeated.—The election held Nov. 8
resulted, it is stated, in the defeat of the question of issuing
the $600,000
water-supply bonds mentioned in V. 91, p. 1048.
Delta County (P. 0. Escanaba), Mich.—Bonds
Defeated.—
Reports state that on Nov. 8 the issuance of $40,000 bridge-
construction bonds was defeated.
to 479 “against"—three-fifths
The vote
was
majority being
carry.
595 “for”
necessary to
[VOL.
coupon bonds described in V. 91, p. 1277, were awarded
to C. E. Denison & Co. of Cleveland at
105.083. The follow¬
ing bids
were received:
C. E.
Denison, Cleveland.$21,016 75 Hayden,Miller &
Co.,Clev.$20,820 00
Well, Roth & Co., CIn
20,930 00 Stacy & Braun, Toledo
20,639 00
Seasongood & Mayer, CIn. 20,836 00
Maturity $500 yearly on Nov. 1 from 1916 to 1931,
Inclusive, and $500
each six months from
May 1 1932 to Nov.
1 1943, inclusive.
Hammett
School
District
Denison, Grayson County, Tex.—Bonds Registered.—The County, Idaho.—Bond
$50,000 5% 1-25-year (serial) water-works-ex tension bonds bonds offered on Nov. 2
voted
on
Oct. 8 (V. 91, p. 1049) were
registered
on
Nov. 10
by the State Comptroller.
Durham, Butte County, Cal.—Ronds Voted.—The election
held Nov. 5 resulted in favor of the
proposition to issue the
$11,000 (not $10,000 as at first reported) 5% school-building
bonds.
The vote was 59 to 1.
Maturity $1,000 each year.
East Orange, Essex
County, N. J.—Bond Offering.—Proposals will be received until 8 p. m. Nov. 28 by the Mayor
and City Council for $220,000
4^% coupon (with privilege
of registration) Series “V” school bonds.
Denomination $1,000.
Date July 1 1910.
Interest semi-annually at
the City Treasurer’s office.
Maturity July 1 1930. Certified check for 2%
of bonds bid for, payable to the Receiver of
Taxes, Is required. The
legality of the bonds will be certified to by Caldwell & Reed
of New York
City, whose opinion will be delivered to the purchaser. Accrued Interest
to be paid by the successful bidder.
Lincoln E. Rowley Is City Clerk.
The
official notice of this bond offering will be found among
the advertisements elsewhere in this
Department.
East Rochester, Monroe
County, N. Y.—Note Sale.—This
village recently sold $5,000 5% water-main-extension notes
to Myron W. Greene of Rochester.
Maturity part yearly
from 1911 to 1915
at par
County School District No.
11
(P. O. King Hill),
Idaho.—Bond Sale.—On Nov. 12 the
$14,000 5% 10-year
gold coupon school-building and equipment bonds described
in V. 91, p. 1276, were awarded to the State of Idaho
at par
and accrued interest.
S. A. Kean & Go. of
A bid of 82.80
was
also received from
Chicago.
El Paso, El Paso County, Tex.—Bonds
Offered by Bankers.
—The Harris Trust & Savings Bank of
Chicago is offering to
investors the $375,000 5% 40-year gold water-works bonds
mentioned in V. 91, p. 1197.
Denomination $1,000. Date
Oct. 1 1910.
Interest semi-annually at the City Treasurer's
office or the Chemical National Bank in New York
City.
Sanpete County, Utah.—Bonds Voted.—An
election held recently resulted in favor of a
question of issuing
$18,000 6% 20-year water-works bonds. The vote was 144
Ephraim,
to 114.
Pall River, Bristol County, Mass.—Bids.—We are advised
that the following bids were received on Nov. 10 for
the
$528,000 4% Taunton River bridge bonds sold on that day
to N. W. Harris & Co. and
Merrill, Oldham & Co., both of
Boston, at their joint bid of 105.079 (V. 91, p. 1343):
N. W. Harris & Co.
Merrill, Oldham & Co
R.L. Day & Co
1105.079 Perry, Coffin & Burr
E. H. Rollins & Sons
1104.42
Blake Bros. & Co
A. B. Leach & Co
/
j
-.104.424
1
1104.156
Estabrook & Co
;
J
Blodget & Co
104.387
The above bidders are all of Boston. Denominations
$1,000 or multiples
thereof.
Date Dec. 1 1910.
Interest June and December.
Maturity
$18,000 yearly on Dee. 1 from 1911 to 1934 inclusive and
$16,000 yearly
on Dec. 1 from 1935 to 1940 inclusive.
Fort Bend
County (P. O. Richmond), Tex.—Bonds Voted.
—According to reports
an election held Nov. 8 resulted in
favor of the question of issuing bridge bonds.
Port Lee, Bergen County, ,N. J.—Bond
Offering.—Pro¬
posals will be received until 8 p. m. Nov. 23 by C. S. Lebright,
Borough Clerk, for $50,000 5%
coupon
funding bonds.
Authority, Chapter 110, Laws of 1899, and Acts amendatory thereof and
supplementary thereto.
Denomination $500.
Date Oct. 1
In¬
1910.
terest semi-annual.
Maturity $5,000 yearly on Oct. 1 from 1912 to 1919
Inclusive and $10,000 on Oct. 1 1920.
Bid to be made on a form furnished
by the borough and be accompanied by a certified check for 5% of bid.
The genuineness of the bonds will be certified to
by the United States Mort¬
gage & Trust Co. and their legality is being examined
by Caldwell & Reed
of New York, whose •pinion will accompany bonds.
Galesburg,
Knox County, Ill.—Bonds Voted.—Local
papers state that the $75,000 submitted to the voters at the
general election on Nov. 8 (V. 91, p. 1197) were authorized
by a vote of 2,362 to 1,019.
Gila County School District No. 26 (P. O.
Globe), Ariz.—
Bond Sale.—The following bids were received on Nov. 5 for
the $7,000 7% bonds mentioned in V. 91,
p. 1197.
O. D. Comb
Co., Globe
$7,3101 J. H. Adams & Co., Los Ang__$7,010
H.J. Warner, Safiord
7,280 Hanchett Bond Co., Chicago._ 7,000
First Nat. Bank, Chicago
7,2001 J. H. Causey & Co., Denver.. 6,650
J. Nugent Co., Chicago
7,011 (
Maturity “on or before 20 years."
Goshen, Orange County, N. Y.—Bond Offering.—W. A.
Wells, Village Treasurer, will offer at public auction at
12 m. Nov. 22 an issue of $10,000
coupon water-improve¬
ment bonds.
Denomination $509.
Date Dec. 1 1910.
Interest (rate to be named
bid) semi-annually at the Goshen National Bank In Goshen.
Maturity
$1,000 yearly on Dec. 1 from 1915 to 1924 Inclusive, unpaid bonds
being
subject to call after 10 years.
In
Grand Rapids, Mich.—Bonds Voted.—The
proposition to
issue the $200,000 4% 20-year park and
playground bonds
mentioned in V. 91, p. 742, was favorably voted
upon Nov. 8.
Greene County (P. O. Leakesville), Miss.—Bond Sale.—
The $30,000 court-house and $10,000
jail bonds mentioned
in V. 91, p. 742, have been sold.
Greenwich Village School District (P. O.
Greenwich),
Huron
County, Ohio.—Bond Sale.—On
Nov. 12 the $20,000
(P.
O.
Hammett), Elmore
Sale— An issue of
was
for 5s.
$12,000 coupon
purchased by the State of Idaho
Denomination $1,000.
Date Nov. 1 1910.
Interest Jan. 1 and July 1
at the County Treasurer’s office.
Maturity $1,000 yearly on Deo. 31 from.
1919 to 1930 Inclusive.
This district has no other debt.
Assessed valua¬
tion $162,000.
Haskell
County (P. O. Haskell), Tex.—Ronds Defeated.—
proposition to issue the $100,000 5% 20-year road bonds
mentioned in V. 91, p. 1277, was defeated at the
Nov. 8
The
election.
Hastings,
Jefferson
County,
Okla.—Bond
Sale.—On
Nov. 7 the $30,000 6% 25-year
coupon tax-free water-works
bonds described in V.
91, p. 1049, were awarded to R. J.
Edwards of Oklahoma City.
Haverhill, Essex County, Mass.—Bond Sale.—We are
that $51,000 municipal and
$14,000 school-house
4% coupon bonds were sold on Nov. 17 to Blodgett
& Co.
advised
of Boston at 101.814.
The municipal bonds are dated
April 1 1910 and mature $5,000 yearly
April 1 from 1911 to 1915 inclusive, $6,000 on
1 1916 and $5,000
yearly on April 1 from 1917 to 1920 Inclusive, andApril
the school-house bonds
are dated Aug. 1 1910 and mature
$1,000 yearly on Aug. 1 from 1911 to
1924 Inclusive.
Denomination $1,000.> Interest
semi-annually at the
First National Bank In Boston.
The bonds are tax-exempt.
on
A list of the bids received follows:
inclusive.
Elmore
LXXXXI
Blodget & Co
R. L. Day & Co
Perry, Coffin & Burr
.101.814
101.659
101.55
101.51
Edmunds Bros
E. H. Rollins & Sons
The above bidders
are
101.417.
Blake Bros. & Co
Esta brook & Co
Merrill, Oldham & Co
Adams & Co
N. W. Harris & Co
101.37
101.29
101.289'
101.28
101.276
all of Boston.
Highland, Highland County, Ohio.—Bond Offering.—
Proposals will be received until 12 m. Nov. 22 by Geo. W.
Bonar, Village Clerk, for $1,500 4% coupon
electric-light-
plant bonds.
Authority, Section 2835, Revised Statutes.
Denomination $150. Date
Interest at Farmers’ Bank In Highland.
Maturity $150
yearly on Sept. 1 from 1912 to 1921 Inclusive.
Bonds are exempt from
all taxes.
Certified check for 20% of bonds bid
for, payable to the Village
Treasurer, Is required. No debt at present
Nov. 22 1910.
Hillsboro, Hill County, Tex—Rond Sale.—Reports state
15-40-year (optional) street-improve¬
July 1 and described in V. 90,p. 1694,
that the $40,000 5%
ment bonds offered on
have been sold.
Huron, Erie County, Ohio.—Bond Sale.—On Nov. 12
$3,000 6% 2)^-year sewer bonds were awarded, it is
stated,
to the Berlin Heights
Banking Company in Berlin Heights
for $3,080, the price thus
being 102.666.
Ida Township (P. O. Ida), Monroe
County, Mich.—Bond
Sale.—An issue of $30,000 5%
1-20-year (serial) highwayimprovement bonds, offered on July 23, was awarded on
August 8, we have just been advised, to Spitzer & Co. of
Toledo for $31,210—the
price thus being 104.033—a basis
of about 4.514%.
Denomination $500. Date Sept. 1 1910.
Interest
semi-annual.
Jamestown, Chatauqua County, N. Y.—Bond Sale.—On
Nov. 4 the $40,000 4}^% 20-year
registered furnishing bonds
described in V. 91, p. 1198, were awarded to
W. C. Langley
& Co. of New York City at 104.313 and
interest—a basis of
about 4.18%.
The bonds are dated Jan. 1 1911 and
mature
Jan. 11931.
La Crosse, La Crosse County, Wis.—Bonds
Defeated.—
The election held Nov. 8 resulted in a vote of
1,574 “for” to
1,972 “against”
bonds.
a
proposition to issue $250,000 water-works
Lancaster, Ohio.—Bond Sale.—On Nov.
$5,000 5% general street-improvement bonds
the
102.80
to
7
$2,000 and
were
Fairfield National Bank of Lancaster at
respectively.
The $2,000 Issue bears date of
awarded
104 and
April 26 1909 In
denominations of $1,000
each and due April 26 1913.
The $5,000 Issue Is dated July 1
1910, In de¬
nominations of $500 each and due $1,000
yearly on July 1 from 1911 to
1915 inclusive.
Interest annual.
Larksville, Luzerne County, Pa.—Bonds Offered by Bank¬
tax-exempt funding
by N. W. Halsey & Co. of
Philadelphia.
ers.—An issue of $30,000
5}^% coupon
bonds is being offered to investors
Denomination $1,000.
Date Oct. 15 1910.
Interest semi-annually at
the Plymouth National Bank In Plymouth.
Maturity $10,000 on Oct. 15
In each of the years 1920, 1930 and 1940.
Total debt, this issue.
Assessed
valuation $2,860,000.
Real value (estimated), $15,000,000.
Larksville School District (P. O. Larksville), Pa.—Bonds
Offered by Bankers.—N. W. Halsey & Co, of Philadelphia are
offering for sale $27,000 5J^% coupon tax-exempt bonds.
Denomination $1,000.
Date Oct. 1 1910.
Interest semi-annually at the
Plymouth National Bank of Plymouth.
Maturity $9,000 on Oct. 1 In each
of the years 1919, 1928 and 1937.
Total debt, this issue.
Assessed valua¬
tion $2,860,000.
Real value (estimated), $15,000,000.
Lawrence, Essex County, Mass.—Bids.—A list of the bids
on Nov. 11 for the loan of
$100,000, awarded on that
day to Loring, Tolman & Tupper of Boston (V. 91, p. 1344),
received
follows:
Discount.
Loring, Tolman & Tupper—a3.94% C. D. Parker & Co
H. C. Wainwright & Co
3.95% Bond & Goodwin
Estabrook & Co
3.95% Old Colony Trust Co
Lee, Hlgginson & Co
*3.96% Blake Bros & Co
And 25 cents premium,
x And $5 premium,
The above bidders are all of Boston.
a
v
Discount.
3.969%
t/3.98%
4.01%
4.02%
And $1 50 premium.
Maturity April 3 1911.
1401
THE CHRONICLE
Not. 19 1910.1
Lebanon, Lebanon County, Pa.—Bonds Voted.—The issu¬
ance of $110,000 4% sewerage bonds was authorized by a
1,937 to 692 at the Nov. 8 election.
Leighton School District (P. O. Leighton), Mahaska
County, Iowa.—Bond Sale.—An issue of $1,600 5% 1-4-year
(serial) school-house bonds was disposed of on Sept. 8 to
Nannie Clark and Z. Hadley at par.
Denomination $100.
Interest April 1 and Oct. 1.
Lexington, Ky.—Bonds Defeated.—Propositions to issue
$650,000 improvements bonds were defeated at the election
vote of
held Nov. 8.
Lincoln County (P. O. Brookhaven), Miss.—Bonds Pro¬
posed.—Reports state that this county has under considera¬
tion the issuance of bonds for Road District No. 1.
Lincoln County (P. O. Hamlin), W. Va.—No Bonds Voted.
—We are advised that no vote was taken at the November
election on the question of issuing the $100,000 court-houseconstruction bonds mentioned in V. 91, p. 169.
Lockhart, Caldwell County, Tex.—Bond Sale.—The
$15,000 5% 10-40-year (optional) city-hall bond registered
on Sept. 6 (V. 91, p. 820) have been sold, according to
Houston newspapers.
3,519 “for'' to 4,907 “against" the former proposition
“for" to 5,029 “against" the latter proposition.
North Manchester, Wabash County, Ind.—Bonds Offered
was
and 2,865
by Bankers.—Refunding 43^% bonds, to the
$23,000, are being offered to investors by the J.
Co. State Bank of Indianapolis.
Denomination $500.
Date Oct. 1 1910.
amount of
F. Wild &
Interest semi-annually at the
$1,000 yearly on
Lawrence National Bank In North Manchester.
Maturity
Oct. 1 from 1914 to 1936 Inclusive.
The bonds are tax-exempt.
bonded debt. Including this Issue, $25,600.
Assessed
Real valuation (estimated), $2,500,000.
Total
valuation $1,327,219.
Oklahoma City, Oklahoma.—No Bond Election.—We are
advised that this city did not vote on the question of issuing
bonds at the election held Nov. 8.
It was reported in some
of the newspapers that a proposition to issue $250,000 water
bonds would be submitted to a vote on that day.
Osborne and Russell Counties Joint School District
No. 121, Kans.—Bond Sale.—The State of Kansas purchased
$7,500 5% school-house bonds during October at par. Ma¬
turity part yearly on Jan. 1 from 1912 to 1920 inclusive,
being subject to call, however, at any interest-paying period.
Date Oct. 1 1910.
Otero County School District No. 1, New Mexico.—Bonds
Offered by Bankers.—^H. T. Holtz & Co. of Chicago are
offering to investors $10,000 5% coupon refunding bonds.
Denomination $500.
Date March 1 1910. Interest semi-annually at the
Chemical National Bank In New York City.
Maturity March 1 1940,
subject to call after March 1 1930. Total bonded Indebtedness, Including
this Issue,
$32,000. Assessed valuation, $902,218. Real valuation
Lockland, Hamilton County, Ohio.—Bonds Authorized.—
village recently authorized, it is stated, the issuance of
$10,000 4^6% 10-year street bonds.
Logan, Hocking County, Ohio.—Bond Sale.—Reports (estimated), $3,500,000.
state that on Nov. 15 $7,500 4)^% street-improvement
Owatonna, Steele County, Minn.—Bonds Voted,—The
bonds, due part yearly for ten years, were sold to the Farmers' election held Nov. 8
(V. 91, p. 1279) resulted in favor of the
& Merchants' Bank of Logan at 102.08.
propositions to issue the $10,000 water-works and the $30,000
Long Beach, Los Angeles County, Cal.—Bond Offering.— sewer and paving 5% 20-year bonds. The vote was 743
Proposals will be received until Nov. 25, it is stated, for “for" to 295 “against” the former proposition and 644 “for"
$72,906 05 Seaside boulevard bonds.
to 343 “against" the latter. Lucas County (P. O. Toledo), Ohio.—Bonds Voted.—
Bonds Defeated.—At the same election the voters defeated
Reports state that the election held Nov. 8 resulted in favor the proposition to issue the $15,000 park bonds. The vote
of the question of issuing the $250,000 memorial-building was 457 “for" to 493 “against."
bonds mentioned in V. 90, p. 1570.
The vote was 15,849
Passaic County (P. O. Paterson), N. J.—Bond Offering.—
to 5,566.
Proposals will be received until 10 p. m. Nov. 23 by the
Madison County (P. O. Edwardsville), Ill.—Bonds De¬ Finance Committee of Board of Chosen Freeholders. Geo. W.
feated.—On Nov. 8 this county defeated the proposition to Botbyl, Clerk, for $67,500 43^% coupon road-improvement
issue the $350,000 court-house bonds mentioned in V. 91,
bonds.
Authority, Act of Legislature approved March 27 1905.
Denomina¬
p. 820.
one bond of $500 and sixty-seven bonds of $1,000 each.
Date Dec. 1
Marshall County (P. O. Madill), Okla.—Bonds Defeated.— tions
1910.
at
the
First
Bank
Interest semi-annual
National
of Paterson. Ma¬
The proposition to issue the $75,000 5% coupon court-house turity Dec. 1 1928. Certified check for 1% of amount of bid, payable to
bonds mentioned in V. 91, p. 898, was voted down at the John L. Conklin, Collector, Is required. Successful bidder must be pre¬
pared to take up bonds on or before Dec. 15 1910. Purchaser to pay ac
This
Nov. 8 election.
crued Interest.
Middlesex County (P. O. New Brunswick), N. J.—Bond
Sale.—On Nov. 14 this county awarded an issue of $120,000
of'registration)
coupon (with privilege
county-building
bonds to the First National Bank of South River, N. J., at
100.072 and accrued interest.
A bid of par and accrued
interest was also received from the Orange National Bank.
Denomination $1,000.
Date Oct. 1 1910. Interest semi-annual at
the office of County Collector.
Maturity $6,000 yearly on Oct. 1 from
4K%
1930 to 1949 Inclusive.
Woodford County, Ky.—Bonds Voted.—It is
city has voted to issue $6,000 acetylenelight-plant bonds.
Milwaukee, Wis.—Bonds Voted.—The following bonds,
mention of which was made in V. 91, p. 1278, were authorized
by the voters on Nov. 8:
Midway,
stated that this
,
Vote 9,900 “for” to 6,218 “against.”
central-police-station bonds. Vote 10,333 "for” to 6,935
$550,000 electrlo-light bonds.
250,000
“against.”
10,000 publio-batb-house bonds.
Vote 10,825 “for” to 6,431 “against.’
The vote given above is not official; we are informed, however, that it is
approximately correct.
Minnehaha County (P. O. Sioux Palls), So. Dak.—Bonds
Voted.—The issuance of the $50,000 jail bonds mentioned in
V. 91, p. 978, was authorized by a vote of 2,879 to 2,432 at
the Nov. 8 election.
Interest not to exceed 43^%.
Minster, Auglaize County, Ohio.—Bond Sale.—An issue of
$2,000 5% bonds was disposed of on Nov. 10 to the Citizens'
Bank of Minster at 102.25.
Mississippi Levee District, Miss.—Bond Offering.—Pro¬
posals will be received until 12 m. Jan. 9 1911 by F. M.
Scott, Secretary and Treasurer (P. O. Greenville), for
$500,000 4)^% coupon refunding bonds to be issued April 1
1911.
Authority, aa Act
Jan. 1 and Jaly 1.
cf the Legislature approved April 9 1910. Interest
Maturity twenty-five years, subject to call after ten
years.
Morrison County (P. O. Little Falls), Minn.—Bonds
Awarded in Part.—Of the $35,000 refunding-railroad-aid
bonds offered en Nov. 1 (V. 91, p. 1199), $25,000 were
purchased by N. W. Halsey & Co. of Chicago as 43^ per cents,
due Jan. 1 1931.
Denomination $1,000. Date Jan. 1 1911.
Interest semi-annual.
Mt. Airy (P. O. Cincinnati), Ohio.—Bonds Defeated.—It is
stated that the election held Nov. 5 resulted in defeat of the
Pierce County (P.
O. Tacoma), Wash.—Bonds Defeated.—
and bridge
The proposition to issue the $400,000 coupon road
bonds mentioned in V. 91, p. 1279, was voted down on
Nov. 8.
The vote was 4,749 “for" to 5,133 “against," a
three-fifths majority
being required.
Pittsburgh, Pa.—Hiland Sub-School District.—Bond
Offering.—Proposals will be received until 3 p. m. Nov. 30
by John. B. Barbour, Treasurer School Board, or until 8p.m.
on the same day by R. M. Sterrett, Secretary School Board,
for $250,000 43^% bonds dated Nov. 1, 1910.
Denomination $1,000.
Interest May 1 and Nov. 1. Maturity $25,000
yearly on Nov. 1 from 1930 to 1939 Inclusive. The bonds are tax-exempt.
Certified check on a national bank for $5,000 Is required.
official notice of this bond offering will be found among
this Department.
Portland, Ore.—Bids.—The following bids were received
on Nov. 7 for the $500,000 4% gold bridge-construction
bonds disposed of on that day, as reported in last week's issue:
The
the advertisements elsewhere in
E. H. Rollins & Sons)
N. W. Halsey &
A. B. Leach & Co__j
Harris Trust & Sav. Bk., Chic.95.33
Thos. J. Bolger Co., Chicago! 95,001
Edson & W 111aman
J
Co_fChlcago.96.81
*
R. L. Day & Co., Boston
Morris Bros., Portland
Parkinson & Burr, Boston
Farson, Son & Co.,
94.68
..*94.53
94.163
Chicago..93.39
Representing C. E. Denison 8s Co. of Boston and others.
their bids.
All bidders offered accrued interest In addition to
reported that with complete re¬
precincts, it is evident that the
proposition to issue the $2,500,000 public-dock bonds men¬
tioned in V. 91, p. 746, was favorably voted upon Nov. 8.
Port of Toledo (P. O. Toledo), Lincoln County, Ore.—
Bond Sale.—On Nov. 9 the $50,000 6% 10-20-year (optional)
improvement bonds offered on that day (V. 91, p. 1200)
were awarded to S. A. Kean & Co. of Chicago at 101.10.
A bid of par was also received from Farson, Son <fe Co., of
Chicago. Denomination $1,000. Date Nov. 1 1910.
Princeton Joint High School District, Colusa County, Cal.
—Bond Sale.—The $30,000 5% 2-31-year (serial) building
bonds voted last September (V. 91, p. 822) were sold on
Nov. 7 to Barroll & Co. of Los Angeles for $30,537 50
(101.791) and accrued interest. A bid of $30,463 and ac¬
crued interest was also received from James H. Adams & Co.
of Los Angeles.
Denomination $1,000. Date Dec. 1 1910.
Bonds Voted.—We see it
turns from 100 out of 156
question of issuing the $12,500 water-system-construction
Interest semi-annual.
bonds mentioned in V. 91, p. 1050.
Quitman County (P. O. Belen), Miss.—Bond Sale.—On
Muskegon, Mich.—Bonds Not Yet Sold.—No sale has yet
been made of the $75,000 electric-light bonds, the bid for Nov. 7 the $50,000 20-30-year (optional) court-house and
which was rejected (V. 91, p. 745) on Aug. 29.
jail-construction bonds dated Nov. 7 1910 and described in
V.
91, p. 1051, were sold to John Nuveen & Co. of Chicago
Nashville, Tenn.—Bonds Defeated.—The propositions to
at 100.80 and accrued interest for 5s.
issue the $300,000 Black Bottom Park and the $25,000
Racine, Wis.—Bonds Voted.—According to reports the
colored normal school 43*2% bonds mentioned in V. 91,
election held Nov. 8 resulted in favor of the proposition to
p. 979, were defeated at the election held Nov. 8.
The vote
1403
THE CHRONICLE
issue $50,000 4^% 1-20-year (serial) school bonds, men¬
tioned in V. 91, p. 979. It is said that the issuance of
$30,000 bonds for the purchase of a site and establishment
of a garbage plant was also authorized.
Rochester, N. Y.—Note Offering.—Proposals will be
re¬
ceived until 2 p. m. Nov. 21 by Chas. F. Pond, City Comp¬
troller, for $100,000 water-works notes and $225,000 renewal
water-works notes.
Denomination of notes and rates of interest desired to be
the bidder.
Principal and Interest will be payable eight
Nov. 23 1810 at the Union Trust Co. In New York City.
designated by
months from
Note Sales.—On Nov. 10 Bond & Goodwin of New York
City
were awarded $125,000 8-months’ water-works-renewal
notes dated Nov. 14 1910 for $125,016
(100.012) for
4%%s.
The $200,000 8-months’ water-works-renewal notes de¬
scribed in V. 91, p. 1345, were sold on Nov. 14 to
White,
Weld <fc Co. of New York City at 100.0255 for
4%%s. The
following bids
were received:
White, Weld & Co., New York (4tfs)
Watson 4b Pressprich, New York (4 5*8)
H. Lee Anstey, New York (4.85s)
Kountze Bros., New York (4%s)
Bond & Goodwin, New York (5s)
Security Trust Co., Rochester (5s)
Sutro Bros., New York (5Ks)
Goldman. Sachs So Co., New York (5Hs)
$200,051 00
200,030 00
-
200,011
200,011
200,033
200,000
200,035
200,040
80
00
00
00
00
00
(VOL.
LXXXXI
Sparta School District Ho. X (P. 0. Sparta), Monroe
County, Wia.—Bond Offering.—Proposals will be received
until 2 p. m. Nov. 26
by R. B. McCoy, District Clerk, for
$5,500 5% school-building bonds.
Denomination
$500.
Date Sept. 1 1910.
Interest March 1 at the Bank
of Sparta.
Maturity $1,000 on March l 1911 and $1,500 on Maroh 1 In
each of the years 1912, 1913 and 1014.
Purchaser to pay accrued
interest.
Springfield, Clark County, Ohio.—Bonds Defeated.—'The
proposition to issue the $130,000 sewer-construction bonds
mentioned in V. 91, p. 980, failed to
carry at the election
held Nov. 8. The vote was 4,959 “for” to
3,675 “against,”
a two-thirds
majority being required.
Stanton School District No. 3 (P. O.
Stanton), Stanton
County, Neb.—Bond Sale.—This district, according to
reports, has awarded an issue of $20,000 bonds to the
German-American Life Ins. Co. at par for 5s.
Stephens County (P. O. Duncan), Okla.—No Bond Elec¬
tion.—The County Clerk informs us that there is no truth in
the reports which
appeared in some of the newspapers,
stating that an election would be held Nov. 8 to vote on
propositions to issue court-house, jail and road bonds aggre¬
gating $105,000.
Stoneham, Middlesex County, Mass.—Temporary Loan.—
A temporary loan of
$20,000 has, it is stated, been negotiated
Rock Falls, Whiteside County, Ill.—Bond Election.—
with Blake Bros. & Co. of Boston at
An election will be held Nov. 22 to allow the voters to
4.06% discount. The
loan matures in May 1911.
determine whether or not the following 5% coupon bonds
shall be issued:
Suffolk, Nansemond County, Va.—Bonds Not Yet Sold
Up
to Nov. 11 no award had yet been made of the
$8,000 Dixon Avenue Improvement bonds.
Maturity $2,000 on Dec. 1
$40,000
In each of the years 1812 and 1813, $3,000 on Dec. 1 1814
and $1,000
4££%
50-year coupon school bonds offered without success
on Dec. 1 1815.
(V. 91, p. 668) on July 1.
5,000 West Second Street Improvement bonds.
Maturity $2,000 on Dec. 1
In each of the years 1812 and 1813 and $1,000 on Dec. 1
1814.
Summers County (P. O. Hinton), W. Va.—Bonds
Denomination $500.
Date Dec. 1 1810.
Int est semi-annually at the
Defeated.
F rst National Bank In Rock Falls.
—The question of issuing
$143,000 road and bridge bonds
Rye, Westchester County, N. Y.—Bond Sale.—An issue of met with defeat at the Nov. 8 election.
$10,000 registered fire-house bonds, offered on Nov. 16, was
Tacoma, Wash.—Bond Offering.—Proposals will be re¬
sold to Parkinson & Burr of New York
City at 100.071 and ceived until 2 p. m. Dec. 8 at the office of A. V. Fawcett,
nterest for 4^s.
The following bids were received:
Mayor, for $405,000 public wharf and dock bonds at not
Parkinson & Burr, New York (4.25s)
$10,007 13
5% interest.
exceeding
Rudolph Kleybolte Co., Inc., New York (4.35s)
10,007 00
-
—
Adams & Co., New York (4.35s)
10,001 50
Douglas Fenwick 4b Co., New York (4.40s)
10,013 70
W. N. Coler & Co., New York (4.40s)
10,007 00
John J. Hart, Albany (4.40s)
10,004 60
Ge#. M. Hahn, New York (4.45s)
10,013 00
The bonds are dated Sept. 10 1810 and mature part
yearly on March 10
from 1815 to 1824 Inclusive.
Interest semi-annually at the Village Treas¬
urer's office.
St.
Authority Ordinance No. 4295, passed Sept. 21 1910; also the election
(V. 91, p. 1345) held Oct. 29 1910.
Denomination $1,000.
Interest semi¬
annually at the fiscal agency of the State of Washington in New York
Maturity 20 years. For all information apply to John F. Meade, City.
City
Comptroller.
The official notice of this bond
offering will be found among
the advertisements elsewhere in this
Department.
Petersburg, Hillsboro County, FJia.—Bond Sale.—The
Troup County (P. O. Lagrange), Ga.—Bonds Voted.—Of a
$67,500 brick street-paving, $5,000 sewer, $10,000 water¬ total of 1,470 votes cast at the Nov. 8 election
(V. 91, p.
works, $10,000 water-front-improvement and purchase and 824), only 25 were against the
proposition to issue the $200,$7,500 fire-station, jail, fire and police-alarm-system 6% 000 5% road and bridge bonds.
Maturity
30-year coupon bonds, described in V. 91, p. 1200, were years and $100,000 in 30 years. Date of $100,000 in 20
offering not yet
awarded on Not. 3, it is stated, to Weil,
Roth & Co. of Cin¬ determined.
cinnati at 104.25.
Troy, N. Y.—Certificate Sale.—An issue of
Searcy, White County, Ark.—Bond Sale.—An issue of tificates was disposed of on Nov. 14 to the Troy $125,000 cer¬
Savings Bank
$70,000 5K% Water and Sewer Improvement Districts No. 1 of Troy for $125,352 83 (100.282) for 5s.
Maturity June 14
bonds has been disposed of to the Mercantile Trust Co. of 1911.
St. Louis at 95.
These securities take the place of the
Union County (P. O. Union), So. Caro.—Bonds Voted.—
$76,000 6% bonds offered without success (V. 91, p. 55) on
According to reports, this county on Nov. 8 voted to issue
May 16.
$75,000 bonds for the purpose of constructing a new court¬
Denominations $500 and $1,000.
Date Oct. 15 1810.
Interest semi¬
annual.
Maturity part yearly from
one to
twenty
years
Inclusive.
Scott County (P. O. Georgetown), Ky.—Bond
Offering.—
Further details are at hand relative to the
offering on Dec. 19
f the $25,000 4J^% gold coupon
funding road and bridge
bonds mentioned in V. 91, p. 1280.
Proposals for these
bonds will be received until 2 p. m. on that
day
by the Fiscal
Court.
Authority
Section
1857,
Kentucky
Statutes.
Denomination $500.
Date Jan. 1 1811.
Interest June 30 and Dec. 31 at the Farmers’ Bank &
Trust Co. In Georgetown
Maturity from Jan. 1 1923 to Jan. 1 1927, inclu
•Ive. Certified check for $500, made payable to the Fiscal
Court. Is required
Seattle, Wash .—Bonds Sold during October.—The following
bonds, aggregating $453,084 63, were disposed of during
October:
$77,263
18,137
37,683
9,393
7,819
24,486
10,469
13,714
51,400
12,434
14,611
15,329
5,744
3,057
f
48,984
46,156
56,398
27 7% 5-year grading and curbing bonds dated Oct. 8 1910.
48 7% 5-year sidewalk bonds dated Oct. 3 1910.
49 6% 6-year grade and re-grading bonds dated Oct. 8 1910.
54 7% 5-year Sidewalk bonds dated Oct. 4 1910.
16 7% 5-year sidewalk bonds dated Oct. 6 1910.
99 6% 5-year cluster-light bonds dated Oct. 17 1910.
29 7% 5-year paving bonds dated Oct. 17 1910.
83 7% 5-year paving bonds dated Oct. 17 1910.
77 7% 5-year paving bonds dated Oct. 18 1910.
20 7% 5-year grading and curbing bonds dated Oct. 20
1910.
49 7% 5-year sewer bonds dated Oct. 21 1910.
35 7% 5-year planking bonds dated Oct. 22 1910.
12 7% 10-year paving bonds dated Oct. 29 1910.
55 7% 5-year sewer bonds dated Oct. 29 1910.
60 7% 5-year grading and curbing bonds dated Oct. 29
1910.
16 6% 10-year paving bonds dated Oct. 31 1910.
25 7% 10-year paving bonds dated Oct. 31 1910.
The above bonds
all
subject to call after one year.
the $500,000
general-parkimprovement and the $325,000 city-hall-site 20-year coupon
bonds described in V. 91, p. 1052, were sold to the Thos.
J.
Bolger Co. of Chicago and Hayden, Stone & Co. of Boston
at their joint bid of 102.80 for
4^s—a basis of about 4.29%.
The following bids were
received^
Bond
Sale.—On
are
Nov.
14
That. J. Bolger Co., Chicago.! 102.80
Hayden, Stone & Co., Boston/
Harris Trust & Savings Bank,
Chicago
102.39
Lee, Hlgglnson & Co., Chicago 102.06
E.
N.
A.
R.
H. Rollins 4c Sons)
W. Halsey 4s ColChlcago 101.81
B. Leach & Co
J
L. Day 4s Co-.l
Blodget & Co --~MBoston...101.79
Estabrook & Co
“
Spalding County (P. O. Griffin), Ga.—Bonds Voted.—
The election held Nov. 8 resulted,
it is stated, in favor of the
proposition to issue the $80,000 5% 6-25-year (serial) gold
coupon court-house-erection bonds described in V.
91,
p.
IfM.
house.
Uniontown School District (P. O. Union town),
Fayette
County, Pa.—Bond Sale.—We have just been advised that
the $125,000 25-year school-building bonds voted on Feb.
15
(V. 90, p. 520) were issued on April 1.
Wabash County (P. O. Wabash), Ind.—Bonds
Offered by
Bankers.—The J. F. Wild & Co. State Bank of
Indianapolis
is offering to investors $20,000
4^% tax-exempt Lagro
Township school-house bonds.
Denomination $500.
Date Sept. 1 1910.
Interest
Feb. 1 and Aug. 1 at the Farmers’ 4b Merchants’ Bank in semi-annually on
Wabash.
Matur¬
ity $2,000 yearly on Feb. 1 from 1911 to 1920 inclusive. Total bonded
debt, including this Issue, $30,000.
Assessed valuation $2,911,265.
Real
value (estimated), $5,500,000.
Waseca County (P. O. Waseca), Minn.—Bond Sale.—An
issue of $12,000 Crane Creek ditch bonds
has, it is stated,
been purchased by the State Board of Investment of Minne¬
sota.
Waynesfield School District (P. O. Waynesfield), Au¬
glaize County, Ohio.—Bond Offering.—Proposals will be
received until 12 m. to-day (Nov. 19) by
J. G. Pratt, Clerk
Board of Education, for $18,000 5%
coupon school-building
bonds.
Denomination $500.
Date Nov. 19 1910.
Interest March and Septem¬
ber In Waynesfield.
Maturity $500 each six months from Maroh 1 1012 to
Sept. 1 1029 Inclusive. Certified check for $300, payable to the Clerk, is
required. No debt at present. Assessed valuation $500,000.
Wellsville, Columbiana County, Ohio.—Bond Offering.—
Proposals will be received until 12 m. Nor. 26 by J. F.
McQueen, City Auditors, for the following bonds:
$6,000 00
420-year
park-purchase
Date Nov. 1 1910.
bonds.
Denomination
$500.
2,778 67 5% 1-10-year
(serial)
street-paving
bonds.
Denomination
$277 86.
Date Sept. 1 1910.
Interest Is payable at the City Treasurer’s office.
Certified check for
$200, payable to the Sinking Fund Trustees, is required. Official circular
states there Is no litigation pending or threatened
affecting this Issue; also
that principal and Interest of previous Issues have been
promptly paid.
West Carrollton, Montgomery County, Ohio.—Bond Sale.
—On Nov. 16 the $12,000 4^% coupon water-works-con¬
struction bonds described in V. 91, p. 1201, were awarded
to Otis & Hough of Cleveland for $12,535
(104.458) and
accured interest.
The following bids were also received:
Seasongood 4b Mayer, Clncln.$12,5011C. E. Denison 4b Go.,, Oleve.. $12,405
New First Nat. Bank, Colum. 12,4511 Well, Roth 4b Co., Clncln
12,403
ixuv. 1
i lrurn
Maturity $500 yearly on Nov.
ivi« to
from 1914
to 1925 mciusive,
Inclusive, *jl,uuv
$1,000 Nov.
INOV. 1
l
1926, $1,500 on Nov. 1 In each of the years 1927, 1928 and 1929 and $500
Nov. 1 1930.
Canada, Its Provinces and Municipalities.
Chapleau, Ont.—Debentures Voted.—An election held re¬
cently, it is stated, resulted in favor of the question of issuing
$4,000 separate school debentures.
Estevan, Sask.—Debenture Sale.—The $25,000 electrielight and power-plant and $5,000 skating-rink 5% debentures
mentioned in V. 91, p. 1282, were awarded on Nov. 8 to Nay
& James of Regina for $28,180 (93.933) and interest for
Estevan delivery.
Following are the bids:
$28,171
Nay di James, Regina
__$28,1801C. H. Burgess & Co., Tor
National Finance Co., Toron. 28,2001 Ontario Secur. Co., Toronto. 27,777
in annual installments of principal
issue in 30 installments and the
$5,000 issue in 15 installments.
Grandview, Man.—Debenture Offering.—Proposals will be
received up to Dec, 1 by Wm. Dickie, Secretary-Treasurer,
for $5,000 5% debentures.
The loans are repayable
and interest, the $25,000
Maturity part yearly for 20 years.
Interest annual.
1403
THE CHRONICLE
Not. 19 1910. j
the Dominion Securities
96.78.
Corporation, Ltd., of Toronto at
Denomination $1,000.
Date July 20 1910.
Maturity 50 years. Subject to call at any time.
St. Thomas, Ont.—Debentures
Nov. 7 (V. 91, p. 1203) resulted,
Interest semi-annual.
Voted.—The election held
it is stated, in favor of the
proposition to issue the $30,000 debentures to the Monarch
Knitting Co. of Dunnville as a bonus to locate a factory in
this
place.
Sault Ste. Marie, Ont.—Debenture
Sale.—According to
re¬
ports, an issue of $20,000 5% 30-year school debentures was
awarded recently to Campbell, Thomson <fc Co.
Shellmouth, Man —Debenture Sale.—G. A. Stimson <fc Co.
of Toronto have been awarded, it is stated, the $10,000 6%
20-year debentures offered on Nov. 1 and described in
V. 91, p. 983.
Victoria County (P. O. Lindsay), Ont.—Debenture Sale.—
On Nov. 15 the $10,000 4% bridge-construction deben¬
tures mentioned in V. 91, p. 1283, were awarded to Hanson
Bros, of Montreal at 95.75.
The bids received were as
Guelph, Ont.—Debenture Sale.—The $2,000 40-year park, follows:
$7,000 30-year public-schools, $1,500 30-year Collegiate Hanson Bros.,, Montreal.,.$9,575 00 W A.MackenzIe & Co.,Tor $9,450 00
Institute and $4,137 46 20-year sidewalk 4*^% debentures, Geo. A. Stimson & Co.,Tot. 9,508 50 Ontario Seeut. Cb.. Tordntd 9.427 oo
Wood, Gundy & Co., Tor.. 9,427 00
offered on Nov. 7 (V. 91, p. 1282), were awarded, it is stated, Aemlllus Jarvis & Co., Tor. 9,479 00 H. O’Hara
& Co., Toronto. 9,401 00
Brent, Noxon & Co., Tor.. 9,477 00
to Brouse, Mitchell & Co. of Toronto.
Dominion Secur. Corp., Tor. 9,469 00 Canadian Debenture Corp.,
Toronto.
9,3$1 00
O. H. Burgess & Co., Tor.. 9,461 00
Manitou, Man.—Debenture Offering.—Proposals will be re¬ Campbell, Thompson & Co.,
R. C. Matthews & Co., Tor. 9,879 0
Toronto
9,454 00 Brouse, Mitchell & Co.,Tor. 9,352 0
ceived until Dec. 15 by C. T. Armstrong, Village Clerk, for
Principal and Interest payable annually on Dec. 20 from 1911 to 1939
$3,500 5% local-improvement debentures re-payable in 20 inclusive.
annual installments of principal and interest.
Date, “on or
Winnipeg, Man.—Debenture Election.—According to local
about Dec. 15.”
Moose Jaw, Sask.—Debenture Sale.—It is stated that
issues of $4,872 29 4^% 5-year and $11,726 87 10-year
newspapers the by-laws to be voted upon at the eoming
December elections provide for loans to the amount of
$1,635,000, and not $12,550,000, as at first reported. The
purposes for which the loans are proposed are as follows:
$400,000 for a general hospital, $400,000 for a municipal
hospital, $600,000 for new schools, $60,000 for two suburban
police stations, $25,000 for salvage corps and $150,000 for
new parks.
of Toronto.
Wolseley, Sask.—Debenture Election.—An election will be
Revelstoke, B. 0.—Debenture Sale.—An issue of $27,000 held, it is stated, to vote on a proposition to issue $24,000
5% water-system debentures was disposed of on July 20 to 5% road debentures.
4J^% debentures have been awarded to the Dominion
Securities Corporation of Toronto.
Renfrew, Que.—Debenture Sale.—According to reports,
the $36,000 30-year public-school debentures mentioned in
V. 91, p. 1118, have been awarded to Brent, Noxon & Co.
ft
—
-
NEW LOANS.
NEW LOANS.
NEW LOANS.
8406,000
8260,000
City of Tacoma, Washington,
Hiland Sub-School District
8220,000
City of East Orange, N. J.,
of
Public Wharf and Dock Bonds
Notice Is hereby given that on THURSDAY,
THE 8TH DAY OF DECEMBER, 1910, at the
hour of 2 o’clock p. m. at the office of the Mayor
•f the City of Tacoma. Washington, In the City
Hall, sealed bids will be received for an issue of
Pittsburgh, Pa,
The Hiland Sub-School District of Pittsburgh,
Pa. (former 19th Ward, now the 11th Ward and
City of Tacoma bonds in the sum of Four Hundred
and Five Thousand Dollars; said bonds will be
part of ’the 10th Ward) will offer for sale at the
Margaretta School Building, Margaretta Street,
East
End,
on
WEDNESDAY „ EVENING,
NOVEMBER 30TH, 1910, at 8 o’clock.
feneral
ofwith
parfrom
valuethe
of
1,000 each,
bonds payable
the said
In City
twenty
of the
years
date of
Denomination $1,000.
ber 1st, 1910.
Interest
Interest at not exceeding 5%
issue,
per annum, payable semi-annually at the fiscal
agency of the State of Washington In New York
City, and are known as “City of Taooma Public
Wharf and Dock Bonds,** issued pursuant to
Ordinance No. 4295, passed September 21st, 1910,
published September 23d,
1910.
Bids for said bonds will be received, based on
the Interest rate proposed by the bidder, which
eannot exceed 5%.
The right Is reserved by the City to award the
bonds or any part thereof to the highest and best
bidder, or to reject all bids; and the right Is also
reserved to require a bond from a successful
bidder for the performance of his contract to take
and pay for the bonds awarded.
For all information apply to John F. Meads,
City Controller.
Dated
1910.
a
Magee Building,
Pittsburgh, Pa.
Sealed proposals will be received by the City
Council or the City of East Orange, N. J., at a
meeting to be held at the City Hall, MONDAY,
NOVEMBER 28, 1910, AT EIGHT O’CLOCK
P. M.. for the purchase of all or any part af an
Issue of $220,000 Coupon School Bonds (with
Interest.
The bonds will be certified as to legality by
Caldwell & Reed of New York City, whose opinion
to legality, or duplicate thereof, will be de
llvered to the purchaser.
The right Is reserved to reject any or all bids.
For further Information apply to the under¬
signed
LINCOLN E. ROWLEY, City Clerk.
as
SINKING FUND BOARD,
A. V. FAWCETT,
Mayor.
,
J. F. MEADS.
FORREST A CO
City Controller.
BANKERS
RAY FREELAND,
Commissioner of Finance.
November 8, 9, 10, 11, 12, 13,
1910.
SERIES **V”
$250,000 4H% BONDS.
Date of Issue Novem¬ privilege of registration) of the City of East
payable Nov. 1st and Orange, Series “V,” said bonds to be dated
1, 1910, and to mature July 1, 1930, with
May 1st. $25,000 due November 1st, 1930 and July
interest at 4 X per cent per annum, payable semi¬
$25,000 each year thereafter until November 1st,
Bonds to be of the denomination of
annually.
1940.
Tax-free In Pennsylvania.
Bonds have
Both principal and Interest pay¬
$1,000 each.
no option of prior payment.
able In lawful money at the office of City Treas¬
Assessed valuation of School District.$42,656,115
urer In the City of East Orange.
The bonds ars
Bonded Debt, including this Issue—
611,000 secured
by a sinking fund.
Sealed bids will be received by the undersigned
Each proposal must be enclosed In a sealed
until
3
m.,
November 30th, or by the
p.
addressed to The Mayor and City Coun¬
Secretary at meeting of the Board at 8 p. m. envelope
cil of The City of East Orange, and must be ac¬
A certified check on a national
November 30th.
companied
by a certified check payable to the
bank for $5,000 will be required to accompany
of Taxes of the City of East Orange, for
each bid.
The School Board reserves the right Receiver
2 per cent of the face value of bonds bid for
to reject any or all bids.
No bid for less than par will be considered
JOHN B. BARBOUR.
Amount
of bids must be stated in both word
Treasurer of School Board.
and figures.
The purchaser must pay accru d
Address:
301
November 8th,
Tacoma, Washington,
SCHOOL BONDS
iy2% BONDS
14. 15. 16, 17,
Ml CkntHl St.. PHILADELPHIA. PA.
Charles M. Smith & Cs
Municipal and
Corporation Bonds
CORPORATION AND
MUNICIPAL BONDS
HNENPYL, WALBRHGE & CO.
FIRST NATIONAL BANE BUILDINC
7 Wall
St., New York
Reynolds, Watson & Co.
Maaicipal M Csrperatioa Bands
We offer
MUNICIPAL BONDS
A/V
ULEN
A/
*0 ^
A/
400 The
CHICAGO
BONDS
R. T. Wilson & Co.
SEAS0NG00D A MAYER
S3 WALL STREET
Mercantile Library Building
CINCINNATI
CHICAGO
MUNICIPAL AND RAILROAD
LIST ON APPLICATION
NEW YORK
Rookery
Circular.
CO.
BANKERS
6%
SECURITIES
Write for
u
&
exceptional
NETTING
Railroad, Street By., Gas A Klee. Light
known. Yielding from
very
DRAINAGE BOND
CHICAGO
Safest investments
a
ESTABLISHED 1985
H. C SPEER & SONS CO.
First Nat Bank Bldg.,
Chtcage
SCHOOL,
COUNTY AND MUNICIPAL BONDS
1404
THE CHRONICLE
[VOL.
Svnst ©orrajraitles.
®ampxnUs.
uitefl Slates Trust company of
Chartered IMS
45 and 47 WALL STREET
CAPITAL,
SURPLUS AND UNDIVIDED PROFITS
-
-
lev Yoit
Manhattan
$2,000,000.00
$13,856,570.83
-
Trust
This Company acta aa Executor.
Administrator. Guardian. Trustee, Court Depositary and In
ether recognized trust capacities.
It allows Interest at current rates on deposits.
It holds, manages and Invests money, securities and other
property, real or personal, for estates
•svporations and individuals.
Company
EDWARD W. SHELDON, President
WILLIAM M. KINGSLEY, V.-Pres.
HENRY E. AHERN, Secretary.
WILFRED J. WORCESTER, Asst. Sec. CHARLES A.
EDWARDS, 2d Asst.Sec.
m TJ STUBS.
JOHN A. STEWART, Chairman of the rfoara.
Gustav H. Schwab.
Lewis Cass Led yard,
Frank Lyman,
Lyman J. Gage.
James Sttllmar
Payne Whitney,
John Cl&flln,
Edward W. Sheldon.
John J. Phelps,
Chaunoey Keep
Bayard Cutting,
Wimam Rockefeller,
Ter B. Orr,
H. Maey Jr.;
D. Soane,
LXXXXI.
Temporary Offices
George L. Rives,
113 BROADWAY
Arthur C. James,
William M. Kingsley.
William Stewart Tod.
Ogden Mills.
Eererton L. Wlnthroo
WALL STREET
Fidelity Trust Company
CORNER NASSAU
NEWARK, N. J.
Resources Over $29,000,000
Capital, Surplus and Undivided Profits, Over $9,500,000
Acts
UNITED STATES
MORTGAGE & TRUST
COMPANY
Executor, Trustee, Administrator and in all fiduciary capacities.
Takes entire charge of Real and Personal Estates. Guarantees Titles
ef
Real Estate throughout New Jersey.
as
NEW YORK
General Banking and Savings Departments. Bond
Department for
purchase and sale of municipal and public utility securities. Safe Deposit
CAPITAL,
$2,000,000.00
Department.
Invites Personal and Business
Accounts. Acts as Trustee, Ex¬
CENTRAL TRUST COMPANY
ecutor, Administrator, Guard¬
ian
of NEW YORK
54
Wall Street
Capital and Surplus, $18,000,000
Executor, Trustee, Administrator or Guardian.
Receives Deposits, subject to check, and allows Interest on
Daily Balances.
Acts
as
Transfer Agent, Registrar and Trustee under
Mortgages.
1864
Onion Trust Company of NewYork
MAIN OFFICE: 80 BROADWAY.
Uptown Office: 425 Fifth Avenue, corner 38th Street/
With Modern Safe Deposit Vaults
Capital $1,009,000
Surplns (earned) $7,737,000
ALLOWS INTEREST ON DEPOSITS.
as
in
all
Fiduciary
55 Cedar St.
B’way A 73rd St.
125tb St, * 8th Ava.
to act as
CHARTERED
Acts
and
Capacities.
Certifies Muni¬
cipal and Corporation Bonds.
(of which $ 1 7,000,000 has been earned)
Authorized
SURPLUS,
$4,000,000.00
Executor, Guardian, Trustee, Administrator and in all
Fiduciary Capacltlas
on behalf of Individuals,
Institutions or Corporations.
Industrial Trust Company
Providence, R. I.
CAPITAL
SURPLUS
-
8,000,000
OFFICERS.
Cyrus P. Brown, President
Arthur L. Kelley, Vice-President
H. Martin Brown, Vice-President
Otis Everett, Vice-President
Joshua M. Addeman, Vice-President
Ward E. Smith, Treasurer
Chas. H. Manchester. Secretary
H. Howard Peoper. Asst.Treas.
Frederick B. Wilcox .Auditor
BOARD OF DIRECTORS.
Samuel P. Colt
Herbert N. Fenner
Olney T. Inman
J. Milton Payne
William R. Dupee
Eben N. Littlefield
Richard A. Robertson
Otis Everett
Joshua M. Addeman
C. Prescott Knight
James M. Scott
Jesse H. Metcalf
William H. Perry
John J. Watson Jr.
Arthur L. Kelley
Charles H. Allen
H. Martin Brown
John B. Branch
George F. Baker
William P. Chapin
George M. Thornton
Angus McLeod
Cvrus P. Brown
Ezra Dixon
Chas. C. Harrington
Howard O. Sturgis
Louis H. Comstock
Edward D. Pearoe
Englehart C. Ostby
1150
DlinoislVust&SavmgsBaiik
CHICAGO
Time Deposits, Current and Reserve Accounts.
Deals in Investment Securities and
Foreign Exchange.
on
Transacts
a
General
Trust
Business.
CORRESPONDENCE INVITED.
1910
The United States Life
Insurance Co.
IN THE CITY OF NEW YORK
Issues Guaranteed Contracts
Capital and Surplus
$13,600,000
Pays Interest
$3,000,000
JOHN P. MUNN, M. D., President.
Finance Committee
CLARENCE H. KELSEY, Pres. Title Gu.ATr.Oa.
WM. H. PORTER, Pres. Chemical National Bank
ED. TOWNSEND. Pres. Imp. & Traders Nat. Bk.
Good men, whether experienced in life lnsuraaaa
not. may make direct contracts with this Com¬
pany, for a limited territory If desired, and secure
for themselves. In addition to first year's commis¬
sion, a renewal Interest Insuring an Income for tha
future.
Address the Company at Its Home Offlaa
Na. *77 Broadway. New York City
or
Not. 19 1910,
THE CHRONICLE
XXIII
35mst ©xrrapattles.
The NEW ENGLAND
TRUST COMPANY
OLD COLONY TRUST COMPANY
BOSTON, HASS.
BOSTON, MASS.
CAPITAL. U.000.000
Authorized to act as Executor, and to receive
and hold money or property In trust or on deposit
from Courts of
Law or
Equity Executors,
Administrators, Assignees. Guardlana Trustees,
Oerporations and Individuals.
Also acts as Trustee under Mortgages and as
Transfer Agent and Registrar of Stocks and Bonds.
Interest allowed
on Deposits Subject to Check.
OFFICERS
DAVID R. WHITNEY, President
OHARLES F. CHOATE, Vice-President
ALEXANDER COCHRANE, Vice-President
NATHANIEL THAYER, Vice-President
JAMES R. HOOPER, Actuary
HENRY N. MARR, Secretary
FRED. W. ALLEN, Asst. Sec. & Treas.
THOMAS E. EATON. Asst. Treas.
FRANCIS R. JEWETT, Trust Offloer
CHAS. E. NOTT. Mgr. Safe Dep. Vita.
BOARD OF DIRECTORS
William Endlcott, Chairman
Walter O. Baylles
James G. Freeman
Alfred Bowdltch
Morris Gray
9. Parker Bremer
James R. Hooper
Ernest Lovering
Timothy E. Byrnes
Oharles F. Choate
Henry H. Proctor
Alexander Cochrane
James M. Prendergast
Herbert M. Sears
Philip Dexter
William Endloott Jr.
Lawrence M. Stockton
Francis W. Fabyan
Nathaniel Thayer
William Farnsworth
Eugene V. R. Thayer
Frederick P. Fish
David R. Whitney
George Wiggles worth
The Trust Company
of North America
603-505-507 Chestnut St., Philadelphia
SI .000,000
CAPITAL
HENRY G. BRENGLE, President.
JOS. S. CLARK. Vice-President.
OH AS. P. LINE AWE AVER. Sec. A Treas.
ADAM A. STULL. Chairman of Board.
DIRECTORS.
Henry G. Brengle.
James Crosby Brown,
John Cadwalader,
E. W. Clark Jr.
Eokley B. Coxe Jr..
Edwin S. Dixon
Eugene L. Ellison.
Joseph C. Fraley.
Harry C. Francis.
Henry L. Gaw Jr.,
Howard 8. Graham,
Capital and Surplus
SURPLUS. *2.000.000
Safe Deposit Vaults
J. Levering Jones,
Malcolm Lloyd,
John Mcllhenny.
Richard Wain Mein.
Clement B. Newbold.
John W. Pepper,
William F. Read.
Adam A. Stull.
Edward D. Toland,
Joseph R. Wain wright,
William D. Wlnsor.
Samuel F. Houston.
John S. Bartlett
Samuel Carr
B. P. Cheney
Frederick P. Fish
Hon.T.JeffersonCoolldge
Edwin Farnham Greene
Robert F. Herrick
Henry S. Howe
AJvah Crocker
Girard Trust
Company.
Capital and Surplus, $10,000,000
CHARTERED 1836.
Acts
Executor. Administrator, Trustee,
Assignee and Receiver.
Financial Agent for Individuals or
on Individual and
Corporation Accounts.
Trustee of Corporation Mortgages.
Depositary under Plans of Reorganization.
Registrar and Transfer Agent.
Assumes entire charge of Real Estate.
Safes to Rent in Burglar-Proof Vaults.
as
E. B. MORRIS, President.
W. N. ELY, 1st Vice-President.
A. A. JACKSON. 2d Vice-President.
C. J. RHOADS, 3d Vlce-Pres. and Treasurer.
E. S. PAGE, Secretary.
MANAGERS:
Edward J. Berwlnd,
Effingham B. Morris.
Randal Morgan,
John A. Brown Jr.,
John B. Garrett,
William H. Gaw,
Francis I. Go wen.
Geo. H. McFadden,
Edw. T. Stotesbury.
Charles E. Ingersoll,
John S. Jenks Jr.,
Henry Tatnall,
Edgar C. Felton,
Henry B. Coxe,
Isaac H. Clothier,
William T. Elliott.
Thos. DeWltt Cuyler,
W. Hlnckle Smith,
O. Hartman Kuhn,
B. Dawson Coleman.
James Speyer,
Broad and Chestnut Streets,
PHILADELPHIA
T®q RAn fWlfl
A GENERAL FINANCIAL AND FIDUCIARY
BUSINESS TRANSACTED.
DIRECTORS.
John I. Beggs, President Milwaukee Light Heat *
Traction Co.
Wilbur F. Boyle, Boyle & Priest.
James E. Brock, Secretary.
Murray Carleton, President Carleton Dry Goods Oa.
Charles Clark.
Horatio N. Davis, President Smith*Davis Mfg.Oa.
John D Davis. Vice-President.
David R. Francis, Francis, Bro. * Co.
S. E. Hoffman. Vice-President.
Breckinridge Jones, President.
Wm. G. Lackey, Vice-President and Bond Offloei
W. J. McBride, V.-Pres. Haskell & Barker Car Oa
Nelson W. McLeod, Vioe-President GraysonMcLeod Lumber Co.
Saunders
Nor veil.
Hardware Co.
President
N orvell- Shaplelgh
Robert J. O’Reilly. M. D.
Wm. D. Orthwein, President Wm. D. Orthwela
Grain Co.
Henry W. Peters, President Peters Shoe Co.
H.C.Pierce. Chairman Board Waters-PleroeOUOa,
August Schlafly, August Schlafly * Sons.
R. H. Stockton. President Majestic Mfg. Co.
Julius S. Walsh, Chairman of the Board.
Rolla Wells.
©oHjcw.
L. F. DOMMERIGH & CO.
NEW YORK
General Offices, 57 Creene Street
SOLICIT MERCANTILE ACCOUNTS TO FINANCE
Stephen O. Edwards,
DISCOUNT AND GUARANTEE SALES
HERBERT J. WELLS, President.
EDWARD S. CLARK, Vice-President.
HORATIO A. HUNT, Vice-President.
WILLIAM A. GAMWELL, Secretary.
PRESTON H. GARDNER, Trust Offtoei
CYRUS E. LAPHAM, Asst. Sec’y.
JOHN E. WILLIAMS, Asst. Sec’y.
HENRY L. SLADER, Asst. Sec’y
G. A. HARRINGTON. Asst.Tr Offlc*
CARRY NO
WILLIAM
GOODS
RAY &. CO.
Successor to
GEO
COPELAND * CO..
CENTRAL
TRUST COMPANY
R H. ROUNTREE & CO.,
OF ILLINOIS
OTHERS
AGENTS
FOR OWN ACCOUNT
Geo. H. MPFadden &
COTTON MERCHANTS
PHILADELPHIA.
COTTON BROKERS.
4S Cotton Exchange
New York.
Orders tor future delivery contracts executed on
die New York and Liverpool Cotton Exchanges.
Bro.,
NEW YORK.
Liverpool Correspondents:
FREDERIC ZEREGA * CO.
Bremen Correspondents:
MCFADDEN BROTHERS * CO.
Havre Correspondents:
SOCIETE D’lMPORTATION ET DE COMMIS’N
Oommissiou Merchants.
CHICAGO
$2,500,000
-
CHARLES G. DAWES, President.
A. UHRLAUB, Vloe-Presldent.
EDWIN F. MACK, Vice-President.
WILLIAM T. ABBOTT, Vice-President.
WILLIAM R. DAWES, Cashier.
L. D. SKINNER, Asst. Cashier.
WILLIAM W. GATES, Asst. Cashier.
JOHN W. THOMAS, Asst. Cashier.
ALBERT G. MANG, Secretary.
MALCOLM MoDOWELL, Asst. Secretary.
WILLIAM G. EDENS, Asst. Secretary.
JOHN L. LEHNHARD, Asst. Trust Offloer.
AND
DEPARTMENTS
and PROFITS
Interest Allowed
Acts
Charles S. Mellen,
Robert W. Taft,
Webster Knight.
SAVINGS
Fourth & Piue Sts., St. Louis.
CAPITAL, SURPLUS
Corporations.
Frank W. Matteson.
R. H. Ives Goddard Jr.
BANKING,
Mississippi Valley Trust Co.
as
Howard O. Sturges,
Capital and Surplus
Stephen M. Weld
Sidney W. Winslow
Walter Hunnewell
Charles W. Whittier
Trust Officer. F. M. HOLMES
Robert H I. Goddard, Stephen O. Metcalf,
Robert 1. Gammell,
Walter R. Callender.
William B. Weeden,
Edward Holbrook,
Edward D. Pearce,
James E. Sullivan,
Robert Knight,
Benjamin M. Jackson
John R. Freeman,
John W. Danielson,
Nelson W. Aldrich,
Samuel R. Dorrance,
Andrew W. Preston
Richard S. Russell
Authorized Reserve Agent for Trust Companies in Maine, Massachusetts and Rhode Isfamdi
DIRECTORS.
Lyman B. Goff,
Rowland G. Hazard,
Henry Parkman
Galen L. Stone
Nathaniel Thayer
Lucius Tuttle
H. O. Underwood
Eliot Wadsworth
PRESIDENT, PHILIP STOCKTON.
*
Treasurer, FREDERIC G. POUSLAND
JULIUS R. WAKEFIELD
Cashier. GEO. W. GRANT
Manager Credit Dept., ELMER E. FOYE.
Secretary. CHESTER B. HUMPHREY
52,000,000
52.000.000
Herbert J. Wells,
Laurence Minot
Maxwell Norman
Hon. Richard Olney
Robert T. Paine 2nd
Vice-Presidents. WALLACE B. DONHAM
PROVIDENCE, R. I.
Royal 0. Taft,
Reginald Foster
George P. Gardner
T. Jefferson Coolidge Jr.
Charles E. Cottlng
Rhode Island Hospital
Trust Company
CAPITAL
SURPLUS
$12,500,000
DIRECTORS.
T. JEFFERSON OOOLIDGE JR., Chairman Executive Committee.
GORDON ABBOTT. Chairman of Board.
FRANCIS R. HART. Vice-Chairman.
Charles F. Adams 2nd
Philip Y. DeNormandie
Henry C. Jackson
Philip L. Saltonstal
F. Lothrop Ames
Philip Dexter
George E. Keith
Herbert M. Sean
Oliver Ames
Gardiner
M.
Lane
George A. Draper
Quincy A. Shaw
C. W. Amory
Frederic C. Dumalne
Col. Thos. L. Livermore Howard Stockton
William Amory
William Endlcott Jr.
Arthur Lymau
Philip Stockton
Charles F. Ayer
Wilmot R. Evans
Charles S. Mellen
Charles A. Stone
•
TRUST
COTTON, GRAIN, PROVISIONS and COFFEE
COTTON EXCHANGE BUILDING.
NEW YORK.
22
Siegfr. Gruner & Co.
COTTON MERCHANTS
GWATHMEY &, CO.
17 South William Street,
COTTON MERCHANTS
NEW TORE.
Exchange Place,
-
-
NEW YORK
ROBERT MOORE A CO.
56 Beaver Street, New York.
ORDERS FOR FUTURE DELIVERY EXE¬
CUTED IN NEW YORK AND LIVERPOOL
■XCHANGES.
OOTTON PURCHASED FOR SPINNERS’ USE.
Mason Smith & Co.,
OOTTON COMMISSION MEBOHANTS
NEW
ORLEANS, LA.
MEMPHIS, VENN.
Buyers of Spot Cotton.
DALLAS, TEX.
Orders for Contracts Exe¬
cuted In New Orleans, New York^
Liverpool and Havre Markets
THE CHRONICLE
XXIV
(bottom.
■
WOODWARD
& STILLMAN
COTTON MERCHANTS
18 to 22 WILLIAM
lVol.
gitutujcial.
"»*****'»*»*»^**e*‘»*>>«>**>*h»*»*l***»ll>»«1"
«•«**■*»
STREET,
SttnnutKl.
»--i--i-n-u-LrvtrLitrv
Fversz 6 Company
E. H. ROLLINS & SONS
Established 1876
bankers]
NEW YORK
RAILROAD
MUNICIPAL
PUBLIC UTILITY
BONDS
Negotiate and Issue Leans for BallCorporations.
Buy and soil Bonds suitable for
roads and Established
GRADES SUIT¬
AMERICAN COTTON OP ALL
ABLE TO WANTS OP SPINNERS.
Investment.
Established In 185ft.
Henry Hentz & Co.
206
LA'SALLE ST, CHICAGO
COMMISSION MERCHANTS
16 to 82 William Street, Mew York.
Execute Ordere for Future Delivery
cotton
At the New Tork. Liverpool and New Orleans
Cotton Exchanges. Also orders (or
Ymk^o^ee Exchange
At the New
QRAIN AND PROVISIONS
at the Chicago Board o( Trade and
GRAIN AND COTTON-SEED OIL
At the New Tork Produce
Exchange
Hubbard Bros. & Co.
lxxxxi.
Fiscal Agent for Cities and Corporation#
List
CHICAGO CITY MORTGAGES.
HIGH-GRADE INDUSTRIAL BONDS.
CHICAGO REAL ESTATE BONDS. '
CORPORATION 5 RAILROAD BONDS.
COFFEE EXCHANGE BUILDING
on
Application
BOSTON
NEW YORK
CHICAGO
DENVER
SAN FRANCISCO
SEND FOR CIRCULARS.
HANOVER SQUARE.
PEABODY, H0UGHTELIN6 & CO.
NEW YORK
COTTON MERCHANTS
Liberal Advances Made
on
181 La Salle Street.
Cotton
Consignments.
F. H. PRINCE & CO.
CHICAGO.
[Established 18664
BAH KERB
Hopkins, Dwight & Co,
COTTON
BOSTON, MASS.
GEO. H. BURR & CO.
and
COTTON-SEED OIL.
Room 62 Cotton Exchange Building.
NEW YORK.
LEKMAN. STERN
A CO..
Limited. New Orleans,
LEHMAN BROS.
Nos. 16-22 William Street. New York.
Alembert oj the Stock. Cotton. Coffee
Produce Exchangee, New York.
Orders executed on the above
Exchanges, as well In
New Orleans, Chicago and
markets.
HIGH-GRADE INVESTMENTS
BANKERS
COMMISSION MERCHANTS
Commercial Paper
43
Exchange Place
-
New York
Member, or New Tork ud Bum StMk Sntan.
Chicago
Boston
SL Louis
Philadelphia
Kansas City
San Francisco
and
foreign
Stephen M. Weld & Co.,
COTTON
MERCHANTS,
82-92 Beaver Street, - New York
City
BOSTON. PHILADELPHIA. PROVIDENCE
Liverpool. WELD
& CO.
Bremen. ALBRECHT. WELD it CO.
SMITH &. HAYNE
Frank B. Hayne (In Commendum)
Cotton Brokers,
COTTON EXCHANGE BUILDING.
MEW
ORLEAMS, LA.
£?7vu&*<&eSfcArv0r%c:
Sullivan Brothers & Co.
Municipal and Corporation Bonds
BONDS
FIRST NATIONAL BANK BLDG.,
CHICAGO ,
STREET,
(Other cotton cards
on
preceding oage.)
W. T. HATCH 6, SONS
BANKERS AND BROKERS
71
Broadway,
Now York
-
MEMBERS OF
Devitt, Tremble & Go.
gtnattctal.
BONOS FOB INVESTMENT
The audit Company
of New York
FIRST NATIONAL BANK BLDG.,
CHICAGO
PHI LA. NATIONAL BANK BLDG.,
City Investing Building
165 Broadway, New York
[Established 1868.)
CHICAGO
FOR FUTURE DELIVERY EXI
CUTED IN NEW ORLEANS. NEW YORK
AND LIVERPOOL MARKETS.
j
STREET
Member.{New
York Stock Exchange
l Philadelphia
MUNICIPAL & COR¬
PORATION BONDS
182 LA SALLE
CHESTNUT
PHILADELPHIA, PA.
Chas. S. Kidder & Co.
ORDERS
„
42T
.
PHILADELPHIA
NEW YORK STOCK EXCHANGE.
'
HOLLISTER, FISH & CO.
BAMEXRS
Members Mew York Stock
Exchange
Investment Securities
Nassau A Pina
Straata. N. Y.
Telephone 6T80 Cortland.
Mew York Life
u
i.i
DominicK ft DominicK
Building, Chicago
j if-'Hi 'fU/tr
j.
««•*
4
Audits and examinations.
Appraisals of values of lands, buildings,
machinery, etc.
Financial and cost systems of accounts.
FIRST NATIONAL BANK
H. T. HOLTZ & CO.
-
$2,000,000
JOHN B. PURCELL, President
JOHN M. MILLER JR.. V.-Prest. A Cashier
FREDERICK E. N0LTING. 2d Vloe-Prest
1
Correspondence Invited
Exchange.
MUNICIPAL AND
CORPORATION BONDS
United Bank Note Corporation Stockt
Corrc.pond.acc Invited
DICK BROTHERS &, CO.
RICHMOND. VIRGINIA
Capital and Earned Surplus,
116 BROADWAY
Members New York Stook
171 LA SALLE
STREET, CHICAGO
BANKERS AND BROKERS.
60 Broad St..
-
-
-
-
New Yerk.
Members of N. Y. and Phils. Stock Exchanges.
New York, New Orleans and Uveroool Gotten
Exchanges. New York Coffee Exchange
and Chicago Board of Trade.
@FedFRASER