The full text on this page is automatically extracted from the file linked above and may contain errors and inconsistencies.
.
.
1
w
^^
INCLUDING
^
Bank and Quotation Section (Monthly)
Railway and Industrial Section (Quarterly)
Entered accorrtins to Act of Consress, In the year 1904. by
VOL.
William
B.
and City Section (semi- Annually)
Street Railway Section {^TcJil )
State
Dana Compaxv.
SATURDAY, NOVEMBER
in the oflice of Librarian of Congress,
79.
26,
NO.
1904.
Week
endinij
—
CiearinQS at
2904.
PUBLISHED WEEKLY.
Terms
of
Subscription
—Payable
in
Advance
For One Year
For Six Months
$10 00
6 00
13 00
7 50
Europe.in Subscription (Including postage)
European Subscription Six Montiis (including postage)
Ajmaal Subscription in London (including postage)
Six Months Subscription in London (including postage)
£2
£1
148.
lis.
HubscripHon includes lollowiny Sections—
Boston
Providence
Hartford
163,686.716
7,648,500
2,943.036
2,015.763
1,615,595
1,446,097
1,875,473
696,296
525,111
511,670
New HavenSprlnefleld
Worcester
Washington.
190S.
*
181,263.415
8,157,700
2.264.713
1,621.527
-(-24-7
-6-2
-
-
-30-6
-24-3
2057.
19.
1902.
Dec
1901,
142,500,020
7,824,300
2,498,63
1.7-28.848
-13
1,761,924
-
-52-1
1
-
-18 9
1.429,411
951.153
Sorember
Inc. ot
D. C.
838.24:^
130,676,681
7,148,800
2,397,016
1,521,079
1. 582.111
1.660,016
1.521,582
1.577,432
1.120,030
— S7-9
-3 6
-20-1
608.092
.560.702
544.535
640.028
492.121
1,656.9S3
1,166.043
520,281
183.524.959
150.052,065
+22-3
162,578.036
148,960.552
209.597,499
23 551,930
15,858.968
14,727.649
9.191,804
7.320,707
5,600,000
3.215,515
3,640.668
2,424,802
1,604.540
1,650,094
-I-18-8
179 492,941
168.2'28,876
19 954.600
13.931.602
1-9
22,674.100
14.788,268
12 011,490
9,317,697
5.914.940
-^25-9
4. .593.200
+ 1-7
-7
2,M92,19
3,149,043
2.000,831
1,566,729
1,063.846
668.000
509.101
948.542
546.629
480.678
525.684
440,080
323.923
345,201
253.965
195,375
240.697
216,788
124,362
176,448.806
22,624,800
14.987,378
13.375.868
8,554.861
6.543,401
4.447.900
3.161.266
y.252.421
2.624,577
1.727.165
1,502.063
748,300
654.765
630,854
680.908
567,880
544.934
453,860
390.388
288.943
355.177
262.614
212.645
245.728
231,350
101.657
804.988,846
265.620.509
87,064.746
8,233,111
4,974,139
4.749.605
4.820,608
3,217.297
3,354,38
602,702
728,789
241,534
32.040,304
7,599.519
4,466.846
5,088.623
8.704.185
2.425.874
2,124,075
545,795
760,766
326,640
68.046,958
59,082,627
25.990.888
26,421.253
8,177.266
8,737.314
5,065,944
0.729.352,726,750
1,538,003
1,028,050
742,461
1,012.631
518.802
160,460
413.6G9
21,915.809
20,104,483
7,954,094
7.192,662
4.027.068
5,103,973
2.282.440
1,845 012
1,449,090
888,640
805,179
Not include d
87,849,783
73.703,254
4-19 2
St.
Louis
New Orleans
08.337,555
23.111,972
4-28-7
51.545,150
53,931,407
Louisville
12,061.09;i
53.109.955
22,224,240
10,146,580
Portland
River
Lowell
New Bedford
Fall
Holyoke
State and City (semiannually)
Bank and Quotation (monthly)
BAIL way AND INDCSTKLAL (quarterly) Stebet Kail way (3 times yearly)
Total
I
New England.
-1-1
3-9
388
896.116
602,470
612.340
341.741
65'
|
Terms
of
Advertising— Per
Incli
Chlcauo
Space
Cincinnati
rranaient matter per inch space (14 agate lines)
(8 times)
( Two Months
Slandint ausiness
Business tiaras
Cards (J Three Months (13 times)
gianoing
^^^ Months
(26 tunes)
( Twelve Months (52 tunes)
$4 20
22 00
29 00
60 00
87 00
OHIOAOG OFFICE— Pliny Bartlett, 513 Monadnock Block.
LONDON OFFICE— Edwards & Smith, 1 Drapers' Gardens, E.
DANA COmPAIVV,
IX^ILLIAIU B.
Pine Street, Corner
Detroit
Milwaukee
Indianapolis.
Columbus
Toledo
Peoria
Grand Rapids
Dayton
C.
Kvansville
6U.100
Akron
Publittbcrs,
Spriugfleld.
ol I'earl Sjtreet,
NEW VOKK.
Box »5».
Post Office
Cleveland
Youngstown
Kalamazoo
Lexington
Canton
Rockford
O
Springfield.
CLEARING H0U8E RETURNS.
842 525
ill
Bloomington
Quincy
Decatur.
The following table, made up by telegraph, etc., indicates .Mansfield
^t the total bank clearings of aU the clearing houses of the Jacksonville
.Jackson
United States for the week ending to-day, Nov. 26, have Ann Arbor
Total Mid. Western
Been $2,635,959,197, against $3,239,716,258 last week and
'
week
K,746,841, 096 the corresponding
— Rtturns uy 'lelegraph.
San Francisco
Los Angeles
last year.
Vlearingg
Week Endino
Sew York
Louis
Rew Orleans
3t.
+75-3
+30-5
+13-U
+22-6
cities, b
days.
3ther cities. 5 days
all cities,
5 days,
Iday
tllrtttes,
89,358,514
18,837,305
137,563.204
44,372,259
16,153,067
+26-6
Kansas City
*1.800,y31,280
279.878,976
Sl.136.427.857
260,001.461
-(-5»-5
Omaha
*2,080,b30,256
545,128,841
41.396,429.318
350,411,778
+490
4-12-3
TacomaHelena
Kariro
Sioux B'alls
Total Pacific.
all cities
+7-6
+,-)5-6
42,625,959,197
full details for
je in all
St.
St.
Paul
Joseph
Denver
Dps Moines
Sioux City
for week.
+50-3
$1,746,841,096
the
cases estimated, as
we go to
press Friday night.
We present below our usual detailed figures for the previous
week, covering the returns for the period ending with Saturiay noon, Nov. 19, and the results for the corresponding
"reek in 1903, 1902 and 1901 are also given.
Contrasted with
week
of 1903 the total for the
)f 5G-2 per cent.
Outside of
B 18'2 per cent.
whole country shows a gain
New York
the increase over 1903
Topeka
Davenport
Wichita
Colorafio Springs
I'leuuint
Rapids
Total other West'rn
t^'edar
Houston
Atlanta
9.598.963
6,794,000
5.754.915
5,295, ITS
7.716.857
4,141,861
.Nashville
3.0.S9,684
Norfolk
2.090.88;
2,713,093
1,402,451
1,145 571
2.110,134
(Jalveston
Ricbtnoud
Sav.annah
.VIcmphls
Kort Worth
liirniin^ham
Kiioxville
Au«iista
U eek endino November
Cleariims
Little
19.
Rock
Charleston
at—
1904.
190a
Inc. or
1902.
Dec.
190L
Mmcom
.
,
,
.
Baltimore
linffalo
Wa.siiinKioQ,...
Mbany
5,1.50..54H
K.joliester
3,0«l,29(i
l,075,0rt5
Scriiiuon
Syrsioiiso
Wilmington....
WiikeR Barre_.
Wlieo.lng
Binifhamton
Jreensburg
2,184,204.711 l,182,603,e»4
134 126,938
111,958,307
47,063,264
36,428.352
28,5.S5,583
22,458 027
8,073 073
6,797,093
4,0.'J5.904
3,716,293
...
^"hestcr
Krio
HVHnklln, Fa!!'.
Heading
Total Middle.
1,514 241
l.OhO.SOl
4,:;76,216
2.7U.9.3:i
1,726 432
1,320.702
1.170.210
1
,745.827,007 1,482.046.35';
132.619.763
122.523,010
40,347,714
43.5116,474
23.380,920
25,028a:;9
7.3;J4,081
6,489,906
3.823, JO.')
2.751,465
4.036.794
5,9.50,573
2.39:1,374
2,380.717
1 37V.796
1.572.890
—7-1
+9-8
-18-3
-(-28-7
-h39-4
-37
-11-7
:4.434.567
2,547,122
1,451.686
1.-278,342
760,601
712,800
554,589
56-2,150
419930
588,612
414,588
355,457
4.80,000
400,184
381.674
278,119
-4-i5-9
4-12-8
4-12-1
-2 8
32:i,247
286.472
270,810
3-28,508
—:v3
243,420
237,205
181,508
177,904
-8-1
-20
—6-3
+22-3
+14-8
15,438,901
8,204,494
5.001.436
3.556,100
547.766
625.304
604.912
571.986
—19-3
65.000
183.109
162.753
82.474
83,39'
268,005 369
-247.718,318
82,723.288
5.725,949
4.765.a91
3.716,165
26,014,182
4,017.978
1 -32-6
4.012.64'
2.-201.895
2.782,091
1.476,864
1,203,963
-21-4
2,066.749
794 27
-I-15-7
4-83
-l-ir4
-6-7
1 -301
L57-9
..
—42
—26-0
+15-2
3.74:j.704
4.496,5.34
029.989
665 644
226.263
772,7.3'
280.9S'
57,060.100
45.257,212
Columbus, Qa
Total Southern
Total
New York,
Caj<adaMontreal
160.090.276
1,045,611,541
. .
....
9011,000
731.051
887.62;i
H.iUfnx...,,
701,462
1,641.12:t
572 6(K)
414 579
471 378
728.80.5
4.H5.800
376.000
Ottawa
Quebec
2,102 037
363.000
474,879
402.4f>S
491 ,051
Vancouver..
Hamilton...
1.423. 7 4.M
548. 1 W5
779.421
a39.300
369.076
878,243
John
London
St.
Wjtoiu
Vutai Canada
l,705,7ia,(
.-3'
•"'
P^J
--i2-;i
0,192.7-23
4.6(19,292
--19 5
--14-3
2.577.040
1.698,170
1.541,966
795.244
748.045
2,006,633
1 647,907
1,293.265
590.-229
r27,739
1,000,000
176,726
73.847.751
68,303,998
-29
1
—16-4
-I-25-7
-)-7-6
-1-52
in to tal.
4-10
418-8
17,S5;!.161
16,8-22.879
8,8;«,778
4,691,8-25
4.2:io,o;6
7,020,000
— 19
— ;r2
,879
4-26-2
10 823 1>50
7,915.805
4,623,000
4,049,483
5,579,265
7.275.453
3.377.874
2,270,276
2,014,816
2,201,440
-5-1
5,5i:j,4-22
4-6-1
5.174,106
4-22-6
3..398.968
2.091. COO
9,787,72:i
4,.361
1.20(1.534
93.1.721
554 611
4s-i5 7
4-3-8
1,937,0^7
1.894 64(1
4-20-0
4-21-0
4-23-7
-34-2
6.5J6.83(>
4,:t78
UOO
3,379,991
2,990,183
1.0.^2,496
1,003,639
330,970
1,,
l,220,:v8i)
1,1.38.774
960.264
2.157.<«H
1.586,561
1
703.7.86
.H38.6()5
1,000,90:<
1,042,000
5)55,0(1(1
4-9
res not aval labio.
730,000
495.148
4-251
Not Inrliiile d In to
387,622
357.103
123,094,864
110,901,021
822,903
757.559
139,074. 0<i4
884,430,176
4-15-3
lal.
4-50-2 2,6.'.8,695,733 2,3;i2,864,783
4-18-2
912,867,706
840,819,433
.
22,906,712
17,203.102
7,057 2,'J6
tal.
6,880.414
6.670.350
5,191.971
4-21-0
Winnipeg...
Toronto
6,911.460
4,458,102
1,358.939
1,111.000
,009.229
1
--21-5
--25 8
152.3211
3,229,710,258 2.067.033,810
all
Outside
18270,S81
7,757,5:J7
1,644.051
947.594
300,606
....
19.000,027
20,329.903
-1-2 -8
-I-18-6
-17.3
Weekly Hrh
Jacksonville
482 278
21.110,.5-35
4-31-4
1,644.1.59
l,:)ii2,810
+75-8 1.974,109,013
+11-9
l.S60.92,s
1.020, 2: (3
9l:!,Ill
247,14
215.795
1,016,820 .Vot Includ*2.424.315.437 .378.901.291
+Ti
-1-1
—18-9
l,3:i2.473
1.307,1)09
887.859
+10-1
1.412.331
1.711,132
730,817
890.762
ClhattanooKa
Rcaumont
^'ew York
i'hiladelphla..
i'ltislmrKh
-)-5*8
+29S
week covered by the above will be
jiven next Saturday. We caimot furnish them to-day, clearngs being made up by the clearing houses at noon on Saturiay, and hence in the above the last day of the week has to
the
Portland
Spok.ana
Minneapolis
Seven
The
P. Cent.
»795,977.903
77,056,156
79.081,363
14.875,339
122,508.125
34.173.168
13.755,798
100,556,29;i
....
Jhlcdiio
Total
1903.
SI, 394,710,039
Boston
Philadelphia
Baltimore
Total
1904.
Noi'cin' er 26
Seattle
Salt Lake City..
+41
1.5M.057
l,274,OJ4
962.3iH)
932.903
794.600
67,031,694
24.014,302
—1-6
21.610,930
15,2fl7.,397
4-131
i;i.4.32,24S
6.770.'^U
1,849,140
-f-4-I
-11-2
- 10-7
-i:il
— 16-4
3,290.9:10
2,(148,949
2,0i;i,929
1.476.-203
983.n;i9
4-2 3
85:, 591
2,:!54.181
.78S..H53
1.702.39:!
1.210,(117
1
1,019.817
-5-6
797. '2.32
Kt3.oi;i
4-19-4
57,049,61
815,100
—4-7
4-0-6
rai.tioi
BU.6 19,087
49.205,388
THE CHRONICLE
24:>()
OUR STATE AND
We
send
to
01 TY SEOTION.
our subscribers to-day the usual semi-
STATE AND CiTY
annual number of our
[Vol. lxxix.
itors plainly said, than to get the President to approve and
recommend their device in his message to Congress, which
could only mean to anticipate and belittle, if not foreclose,
Section.
Congressional scrutiny of the measure and have the
and information in this i)ublica,tion have amendment rushed through Congress under the powerful
been completely revised and brought down to date. The 'nfluence of the President. In their zeal they seeuj to
entitled
article
an
discussions
embrace
editorial
have lost all sense of propriety and discretion. With a
"Liability of a Municipality on Assessment Bonds" and whoop the scheme is apparently to be rushed through all
entitled
another
"Better Methods of Municipal tlie forms of legislation without the ordinary deliltcra-
The
statistics
Accounting."
tion
is
THE FINAN 01AL SITUATION.
There seem
diligent
the
at
to
care
be two separate combinations, very
which will endanger the solvency of our railroad
and hence, among other disastrous
One
present business activity.
largest
deprived
of
and most
forceful industry in the land
the
of the protection of the courts, of
by their stockholders, and
officers elected
its
Commission
biased, we say, because the annual reports and
systems, public utterances of the Commission show that they are
committed
in urging legislation
moment,
present
the
;
to be
results, interfere witli
of these combinations
is
to the
tender mercies of a biased
;
fully
keyed-up
to the refrain of hostility to railroads.
The exact character
amendment
of the
these persons
headed by three Western governors, and the other is offered the President for his adoption and urged him to
using the Inter-State Eailroad Commission as its nucleus; advocate in his message originated, we believe, with
both, however, are seeking through every possible channel
to
advance their
Mr. E. P. Bacon's organization, the Inter-State Comwhich merce Law Corporation.
convention of that body
A
regardless of results
project
would impend were their purpose successful. Railroads
employ more labor, give life and occupation to more
industries, contribute more to general industrial progress,
than does any other department of business. Indeed there
never was a period of conspicuous prosperity in
were not
States in which railroads
the United
face
of
this
leader.
Yet in
situation
the
both of these combinations are seeking to subject the
in.
was held recently
and passed a resolution
at St. Louis
covering the subject under discussion, the substance of
which stated that
the closing paragraph of
sense
tion
of
the
that
should
be
before
it
rates
to
Inter-State
invested
of
be
any
with
authority,
formal
was the
hearing
after
complaint,
by the
substituted
it
Commerce Law ConvenCommerce Commission
Inter-State
that
carrier
to
prescribe
in
place
of
come of all
those established by the railroad officers; "the order
Commission by amending the Inter-State Commerce law of the Commission in such case to become operative upon
so as to authorize it (the Commission) to fix each road's due notice to the carrier and so continue until set aside by
freight rates, and whether such action be just or unjust the court of last resort, unless upon review in the Circuit
to put the rates into immediate and continuous operation. Court of the United States it is found that such order
To give the proceeding the semblance of fair deal- clearly proceeds upon some error of law." This last clause,
ing, the method of procedure is to start with what by which we have quoted word for word fi-om the resolution of
way of courtesy the proposed amendment calls " an in. the Inter-State Commerce Law Corporation, covers what
our railroads to the arbitrary will of a hostile
vestigation " as to the existing rates.
that this investigation
by
is
this
It will be noticed
same Commission
;
that
As heretofore
these people are striving to attain.
set out,
Commerce
they waut authority given to the Inter-State
Commission to name rates which shall at once be put into
same authority is given the operation, and shall continue in force until set aside by a
power to immediately adopt any rates it chooses court of last resort. Thus it is clear that for many years
and, as already said, put them into immediate and unjust and unreasonable rates may be kept in force^
operation.
In other words, these com- producing an
continuous
income insuflBcient for
the
com-
its
decision as to the reasonableness of the existing rates
is
conclusive;
binations
are
that
the
laboring
make
to
the
ipse
dixit
pany's needs, until the
has
act
robbed
the
railroad*
of the Commissioners arbitrary law,
and a law so framed of
and
until
the
income
court
their
has
enforcement cannot be stayed or suspended for determined that the question of fact had been wrongly
an hour by any court or judge in the country until an ac- settled by the Commission. The truth is, the Interthat
its
tion has been brought by each struggling railroad tliat has
been caught
legal
in the
proceedings
Commissioners'
have
trap,
after years
and
until such
of delay
state
its
Commerce law
as
it
stands to-day
is
complete in
provision for the enforcement of any order the
dragged mission
may
issue, subject only to
Com-
the contingency that
their slow course through the courts, and final judgment has the court does not pronounce an order issued by the
been reached pronouncing that the opinion of this biased Commission unjust. What adtlitional is asked for now
and hostile Commission was unreasonable and unjust.
is that these provisions be amended so as to enable the
That we are not overstating
any degree the desper. Commission to enforce any orders it may issue whcth'er
and the unusual they are reasonable and just or not and keep them ih
methods used to push the matter and forestall Congres- force for years. We should say that such a law hardly
sional deliberation, we only have to cite the words and acts needs to be stated to be condemned.
It means confiscain
ate character of the treatment designed
of the leaders in the crusade.
week Governor Cummings
of Minnesota
On Monday of the current
Van Sant
tion so far as the stockholder
is
concerned.
of Iowa, Governor
and Governor La Follette of Wisconsin,
to-
The
continujvnce
as
the
week opened of gold with-
gether with several other lesser political lights, planned to drawals for export, and the extension of their character,
wait upon President Eoosevelt in the interest of their pet now that holdings at the Assay Office of bars had been
scheme. The last-named Governor, it is stated, was exhausted, by adding exports of gold coin, was accomprevented from attending the interview, and so wrote his panied by a rise the early part of the week in call
argument and had
this
it
read to the President.
unusual proceeding
for I
For nothing
What was money
less, fts
the vis-
to
4 per cent and subsequently by a general ad-
vance by banks and trust companies
to
3^ per
cent.
Nov.
THE CHRONICLE.
26, 1904.J
This rise was probably in some measure sentimental,
due to fear felt at the notice of Secretary Shaw
issued
Friday
last
withdrawals
of
of
Government
funds from depository banks on January 15 and
later
the near approach of the close of the year.
An-
oppression.
24-27
With
reference to the inconsiderate talk so
and combina-
freely being indulged in concerning trusts
remarks
his
tions,
were
Whenever a combine
or
particularly
trust
is
enlightening.
formed
for the
un-
and putting
and to
other influence was the withdrawal of gold coin referred to up prices beyond the real value and beyond the reach
above and the interpretation put upon the circumstance; of the masses to pay, then such trust or combine should
be enjoined and the united power of the State and
it being claimed that it opened the gates wide for a gold
confined
to
gold
bars
were
exports
Federal Government used to destroy it. But it is allthe
outflow. So long as
lawful purpose of destroying competition
was assumed that the capacity for the production of bars important that combinations should not be indiscrimIt must
be borne in mind
would limit the exports; but when gold coin was with- inately condemned.
Indeed,
drawn, this limit, it was thought, was removed, and the that not every trust and combine is unlawful.
considerable
expectation
of
a
the
combines,
lawful
was,
and
in
their
formation
inlerence
trusts
to
natural
But other influences came in and purpose, the country is indebted for all the great and
increase in the outflow.
which nullified this influence. First was higher money on marvelous achievements which have placed America in
sixty to ninety day rates ruling at the front rank of all the nations of the world.
call and on time
It was a
foreign
exchange
this
influence
deUnder
capital
that
has
made
it
cent.
of
possible
per
combination
to spin
4
clined and gold exports were checked. Subsequently an- across the Continent in magnificent Pullman cars with
other incident acting in the same direction became all the conveniences of modem travel, from Kew York to
Larger cotton-crop estimates were quite gen- San Francisco, a distance of 3,502 miles, in the incredoperative.
erally credited, and these were followed by a larger ibly short space of 96 hours, without change of cars, and
movement and export of that staple, which in turn like- to take one's supper in Montgomery or Birmingham
wise led to a renewal of the drawing of finance bills, and to-day and one's dinner at Chicago to-morrow. It is comgave a fresh impulse to the downward tendency of binations of capital that have succeeded in unfolding the
Thus the whole face of the gold-ex- teeming millions of hidden wealth of iron, of coal,
foreign exchange.
"Combination of capital
port question became changed.
of gold,
of silver, &c.
resources,
and
makes your cities, develops your
Only a few days before the delegation above referred is
which
upon
foundation-stone
happiness
the
to called upon President Eoosevelt and urged him to and prosperity rest.
Your magnificent street railways^
it
—
use his influence in favor of enlarging the powers of the your great iion furnaces, steel plants, rolling mills, rail,
Inter-State Commerce Commission, the sixteenth annual roads, water works, sanitary sewerage, cotton mills, and
convention of the IS'ational Association of Eailway Com- even your churches, are all the direct and healthy offAt this con- spring of combinations. It is the law of nature. * * •
missioners was held at Birmingham, Ala.
who is at
Alabama Railway Commission, gave
vention the President, Mr. John V. Smith,
the
It follows, then, that it is the abuse of the
head of the
ex-
bination and not the combination itself which
pression
some
to
sensible views with reference to the
great problems of the day
—railroad
control
and combinations.
We
Oovemment
and every student of
official
and
trusts
wish that every legislator and
aifairs
could
be Induced to read and consider Mr. Smith's thonght-
or harmful.
erly
While
salt, soda, lard,
combined make good bread, the
power of comis
unlawful
milk and flour propstafi"
of
life,
the
same
combination with strychnine added would become the
destroyer of
the
The one would be
life.
support of
all
lawful, deserving
men, and the other unlawful, whose
words and heed the advice he gives. These con- compounder would deserve a felon's death."
ventions of the State Boards of Eailroad Commissioners
In the matter of Government ownership of railroads,
are held each year under the auspices of the Inter- Mr. Smith speaks with equal emphasis and in an equally
State Commerce Commission. At the gatherings import- convincing way.
If the combination of all the railroads
ant railroad topics are taken up and discussed, the most into one vast system under governmental supervision is
of them in papers carefully prepared beforehand.
Presi- dangerous by reason of the centralization of capital, how
dent Smith made the annual address, and he well said much more dangerous would such centralization of
that there is no body whose influence should be more power be in the hands of the Federal Government.
The
fnl
Railway Commis- total valuation of the railroads of the United States is
men
all
composed
of
from
sections
of the country $12,500,000,000 and they give employment to 1,312,537
sioners
and whose duty it is to study the questions of the day persons, who at present owe allegiance to tlio different
concerning railroads and become leaders in thought as States, and whose political complexions are as varied
effectively felt than this Association of
well as in action in solving the
great problems of
rail-
roading in the United States.
He
as the
leopard's
with
pointed out that the impression which once pre-
this
"A
spots.
party already in power,
and
patronage
appointment
the
more than a million employees could not only perTailed
in fact, still prevails in some sections
that the petuate itself in power but in a few years build up a
sole duty of a Railroad Commissioner is to make war monarchy.
•
•
•
Let the railroads combine and
upon the railroads within his jurisdiction has done much combine until every mile is under one vast system, and
to delay the harmony and mutual co-operation of the I have sufficient confidence in our Government to bepeople and railroads in the development of the great re- lieve that under proper supervision these combinations
—
—
sources of the country.
He
thought
that Railroad Commissioners
stand that
they
that
as
is
it
railroads
from
fast
a gratifying fact
could be
made a
coming
nation."
Altogether the address was a notable one and
to under-
occupy quasi-judicial capacities,
much
a
sworn
and
injustice
their
duty
rights,
and that the railroads
to
are
it
see
that
the
duty
of
to
people
and deserves wide perusal and
as
have
instead
of a
curse
to
tlie
circulation.
the
protect
oppression
blessing
it
is
tlioir
shall practice no injustice or
Tiie result of the 125,000,000
50-ycar bond sale this
This
is
the
week
Kew York
fully
City 3J p. c.
meets expectations.
second large sale by the
municipality the
J
THE CHRONICLE.
2428
present year, $37,000,000 SJs having boon
on
May
in
March
3
and
market
more
for
160
one.
aggregate of
an
the
previous
the
for
average price realized on
better
there
prices
were 98 bids
This week,
witli
is
and therefore cause less apprehension; the higher
rate was also due to manipulation of the market.
Some of
the larger banks promptly offered considerable amounts
of money after the 4 per cent rate had been recorded,
Office,
day transactions were at 3J per cent and at 2J per cent,
with the majority at 3J per cent
Thursday was a holi-
$32,000,000 of 50-year bonds then offered and on a
basis of 3-485 for the $5,00 0,000 of 10-year bonds then
offering.
would necessarily be restricted
New York Assay
current production thereof at the
to the
The
was
all duplications.
the whole $25,000,000
at
forming part of the
fined to bars, the shipments
an aggregate of $158,-
an interest basis of 3-40 p. c. per
The sale last May was on a basis of 3-461 p. c
102-41, which
annum.
elicited
exports of gold in that form to Berlin were likely to be
heavy in the near future, whereas were the exports con-
3 per cent; but the closing rate was 3^
per cent, which was the average for the day. On Wednes-
269,640, eliminating in both cases
for the
upon
on the previous occasion,
than
were received
bids
ofiering
brought
May
In
— making
been placed
$126,071,950.
smaller
offering
and
bidding
active
than
January
in
The present
1904.
in
of
$3,000,000 were sold
wliich
$10,000,000
$75,000,000 which has
altogether
the
besidos
last,
disposed
(Vol. lxux.
The lower
interest basis
causing a
fall to
;
On
Friday loans were at 3 J per cent and at 2 J per
cent, with the bulk of the business at the higher rate,
day.
Time
call
loans promptly responded
to
the
advance
in the
good mixed Stock Ex-
loan market, and those on
change collateral rose from 3 J per cent
for sixty to ninety
Monday to 4 per cent, while contracts for fonr
months were quoted at 3| to 4 per cent. There
was a good demand at these figures, but it appeared to be
met to a considerable extent by trust companies and by
near-by interior banks; a few loans were placed by such
institutions in Chicago and by those in Southwestern
Commercial paper rates were steady comcities.
pared with those ruling last week, but there was a good
Quotations were 4-0)44 per
local and interior inquiry.
Boston, Mass., on cent for sixty to ninety day endorsed bills receivable. 4
of 3*445 per annum for the loan.
June 7 sold $5,727,000 3^ per cents and paid at the rate ®4f per cent for four to six months prime single names;
of 3-45^ per cent. San Francisco, Cal., this week, Monday? paper classed as good running for these periods was
found a market for $2,099,800 out of $4,673,600 3^ per 5^5^ per cent.
cents offered, and realized par and interest, making the
The Bank of England minimum rate of discount re-
now
evidences substantial improvement in the interval
At
same time
must be admitted that
the opportunity is a favorable one for investors and bond
dealers when they can get a Kew York City tax exempt
bond at a figure yielding as high as 3-4 per cent per
annum to maturity. Still N'ew York City in the price
obtained for its bonds is doing quite as well as other
Thus Philadelphia on July 11 placed
large cities.
$16,000,000 3^ per cent bonds and had to pay at the rate
since then.
basis of the sale
the
3J per
it
cent.
days on
to
six
mains unchanged
There was no change in official rates of discount by
any of the European banks this week, and compared
counts of sixty to
The cable reports
ninety day bank bills in London
at 3 per cent.
dis3'3)
The open market rate at Paris is 2f'a:2J
3 J per cent.
per cent and at Berlin and Frankfort it is 3^'S)4 per
_
!
last week unofficial or open market rates were steady
According to our special cable from London, the
cent.
London and at Paris and easier at Berlin and FrankBank of England lost £546,571 bullion during the week
The statement of the ISfew York Associated Banks
fort.
and held £32,855,653 at the close of the week. Our
last week showed, as the most important features, a concorrespondent further advises us that the loss was due
traction of $12,379,200 in loans, making $29,575,900
with
at
to
gince October 29, a loss of $3,340,700 in cash
crease of $695,150
ment of
this
in surplus
week should
reserve.
reflect,
among
and an
The bank
in-
state-
other items, the
days of $1,000,000 gold shipped to Cuba
on Saturday of last week, the average for four days of
average
for five
I
;
imports of £25,000 (wholly from Australia), to exports
of £900,000 (of which £580,000 to South America,
£300,000 to Egypt and £20,000 to various countries),
and to receipts of £328,000 net from the interior of
Great Britain.
$1,555,341 exported to Europe on Tuesday, the average
for three days of $1,307,019 forwarded to Paris and Ber-
The foreign exchange market was quite strong on
Monday, responding to a good demand for remittance to
lin on Thursday, the average for three days of $1,600,000 pay maturing loans and also for American securities
transferred to San Francisco on Wednesday, the transfer which had been bought in London for New York
of $200,000 to New Orleans, the shipment of $350,000 account.
The supply of bankers' bills was small but
gold to Canada, and the average for three days of there were liberal offerings of commercial drafts against
On the following day rates further advanced
$1,500,000 gold sent to Cuba on Thursday; the transfer cotton.
to San Francisco, above noted, was reported to be for until
the afternoon, when the market was directly
the movement of the California orange crop.
affected by the activity in money, and there was a heavier
On Wednesday the market was
tone at the close.
Money on call, representing bankers' balances, loaned weak, owing to the higher rates for time loans, to ofler.
the
accumulated bills,
to
partial satisat the Stock Exchange this week at 4 per cent and at ings
of
gold
the
demand through
exports,
2^ per cent, averaging about 3i per cent; banks and trust faction of
It
companies loaned at 2^ per cent as the minimum early in and to an increased supply of cotton bills.
the week and after Tuesday at 3^ per cent.
On Monday was reported that, anticipating a freer export move,
loans were at 3 per cent and at 2J per cent with the bulk ment
bankers had drawn finance
of cotton, some
of the business at 2^ per cent.
On Tuesday afternoon bills, encouraged by the higher rates for sixty to ninetythe market suddenly developed activity, with transactions day money. There was an engagement of about $1,000,at 4 per cent, after loans had been made in the morning 000 gold bars at the Assay Office on Monday for export
at 2J per cent, on a report that a large amount of gold to Paris on Tuesday, and the same banker also engaged
coin would be shipped to Berlin on Thursday.
Such an all the bars that could be manufactured for shipment by
important movement of coin seemed to indicate that Thursday's steamer. Though the price in London of
j
]
.
Not.
THE CHRONICLE.
26, 1904.]
2429
The market closed on Friday at 4 8410®4 8420 for
duced on Monday ^ of a penny per ounce, the strong long, 4 8690®4 87 for short and 4 8720®4 8730 for
Commercial on banks, 4 8380®4 8390 and
tone for exchange at ISTew York and the apparent urgency cables.
offering
the
of
for payment, 4 83|'«;4 84J.
indicated
by
documents
which
was
Cotton for payBerlin
at
for gold
to
that
American
coin
of
cotton
for
ment, 4 83^'a)4 83^
acceptance, 4 8380®
inducements for the shipment
centre made possible the engagement of $500,000 in Eagles 4 8390, and grain for payment, 4 Slf'Si 84*.
American Eagles
had been
bars
of gold
as well as
re-
;
for export
on the following day, and it was reported on
$1,000,000 and perhaps $2,000,-
The following
Tuesday that at least
000 in Eagles would be shipped by Thursday's steamer to
On Tuesday afternoon, however, the unsettled
Berlin.
exchange at Kew York on London, which
the monetary derangement caused in part by
movement
was due
the
to
and
Week ending
JVoi-. 25,
made
above-noted report,
impracticable
the ship-
New York
by the
RecHred by
N. T. Banks.
1904.
in
to
movements
gives the week's
fi'om the interior
Currcucy
Gold
Total poid and leeal tetidert
.
of
money
banks.
Shipped bv
r. nanks.
Net Interior
Movement.
iV.
$5,737,000
$7,093,000
777.000
1.109,000
Lo83. $1,356,000
Loss.
332,000
$6,014,000
$8,202,000
Loss. $1,688,000
ment of even the minimum sum hereinbefore mentioned,
With the Sub-Treasury operations and gold exports
and on Wednesday only $500,000 was engaged. This
went forward on Thursday, and the witlnlrawal of the the result is as follows.
pre-engaged gold bars for this steamer for export to Paris
Week ending Nov.
amounted
$807,019 03, leaving only about $350,000
Unless rates for exchange
the Assay Office.
to
available in
permit further exports either to
shall recover so as to
to
Berlin, or
gold can
be
shipped.
advance
in
the
Paris
the
or
both
to
gold-export
Wednesday
reduction on
the
exchange at New York on London would
advance one-quarter of a cent per pound sterling
beyond the gold-export point of
The
operations.
making a
to
total
Paris
for
the
movement
the
since
Exports
$15,256,087 12.
last
week
for arbitration
shipments of gold this week were
total
$1,862,360 12 in bars
to
and $1,000,000 coin
week of $2,862,360
to
12,
began on October 26th
Cuba were $1,500,000 and
Canada $350,000. Gold received at the Custom
House during the week, $32,376.
Nominal quotations for sterling exchange are 4 84^®
The mar4 85 for sixty-day and 4 87J®4 88 for sight.
ket was a shade easier on Saturday of last week, and,
to
compared with the previous day, long
8410®4 8420 and
4
short
fell
5 points to
cables 5 points to 4 8730'2)4 8740;
was unchanged
at
4 8695^0)4 87.
On Monday
4
8420©4
8430; of 20 points
4 8720 and of 20 points
On Tuesday
it
$1,688,000
23,300,000
25,000.000
Loss.
3.300.000
Total sold and leeal tenders
$28,814,000
33,80?,000
Loss. $4,983,000
closed
for
for
4 8715®
short to
cables to 4
...
Novemhtr
Bank
8750^4
of bullion in
Kovtmhi^
24. 1904.
26. 1903.
of
Gold.
Silver.
Total.
Oold.
Silver.
£
£
£
£
£
lotal.
£
Brsland....
32,865,653
82,865,653
31,893,286
31,893,238
France
Germany..*
106,110,793
95,901,338
44,383,744 140,265,082
34,570,000
12,146,000
46,716,000
80,821,000
6,616,000
87,437,000
Hossla.
99,001,000
44.208,338 150,319,128
12,612,000 48.124,000
6,741,000 105,742.000
Au8t.-HQn.»
Spain
48,744,000
11,996,000
60,740.000
46,536,000
12,213,000
58,749,000
14,863,000
19,843,000
84,706,000
14,516.000
18,931,000
33,447,000
Italy
85,612,000
22,142.000
3.068,600
25,210,500
21.090,000
3,305,100
24,395,100
Netberl'ds..
6,524.700
6,067,800
11,692.500
4,113.800
6,363,900
10,477,700
Nat. BelK..+
8,296,000
1,648,000
4.944,000
8,238,667
1,619,333
4,838,000
Tot, week... 368,149,148 106,084,633 474,233,781 332,680,041 105.658,077 138.238,1 18
Tit. prev .. 369,360,350 103,691,715 475.058.065 328,512.593 104.402.487 432,915,085
* The division (between gold and sUver) given in our table of coin and
bnUion in the Bank of Germany and the Bank of Belgium is made from the
be.st estimate we are able to obtain; in neither case is it claimed to be
accurate, as those banks make no distinction in their weekly return-s, merely
reporting the total gold and sUver; but we believe the division we make Is a
close approximation.
t The Austro-Hungarian Bank Statement is now issued in Kronen and
Heoer instead of Gulden and Kreutzer. The reduction of the foi-mer currency
to sterling S, was by considering the Gulden to have the value of ,t(J cents. As
the Krone has really uo greater v.alue than 20 cents, our cable correspondent
In London, in order to reduce Kronen to S. has altered the basis of conversion
by dividing the amount of Kronen by 24 instead of 20.
,
the
market was strong at an advance of 10 points for long
to
Lose
former and to 76 shillings 6 pence per ounce for
have to
and
$8,202,000
price of gold bars
latter,
Berlin,
$0,514,000
of
and of American coin in London to 77 shillings 11 pence
for the
Holdings.
Banks Interior movemeat as above
SubTreas. oper. and gold exports..
more
The following table indicates the amount
an
the principal European banks.
caused
by
because
point
of the
Bank
no
centres,
Moreover,
Net Change in
Out of
Banks.
Into
Banks.
25, 1901.
8755.
was strong until the afternoon, but
heavy, influenced by active money; rates then
the tone
were 5 points higher for long at 4 8425'S)4 8435, 5 points
THE QUESTIOX OF REFORM IK RUSSIA.
It has so often
sian
reverses
directly
to
been asserted
in
inure
the
to
during the period of Eusthat
field
Russia's
the
benefit,
war ought
because
of
in-
the
probability of internal reform as a consequence, that the
8720^4 8730 and 10 points for cables at recent meeting of the Zerastvo presidents to make for4 8760'S)4 8765.
On Wednesday the market was weak mal recommendations in the line of better administraowing to a lighter demand, dearer money on time and tion has attracted unusual attention. These provincial
for short at
4
and long fell 10 points to 4 8415 officers have bluntly asked for reform in the matter of
to 4 87'S)4 8710 and cables penal discipline as administered by the Imperial agents,
25 points to 4 8735'a;4 8750. Thursday was a holiday. for freedom of the press, and for restoration to themThe tone was easy on Friday at a decline of 5 points for selves of local privileges once conferred on them
long, of 10 points for short and of 15 points for cables.
and then withdrawn. It is a little premature to
DAILY 1-OSTKI) RATKS FOR FOREIGN EXCHANGE.
say whether tlie movement deserves to be taken seFBI..
MoN., TDE.S.. Wed., Thitu., Flil.,
riously as a co-openition of the central government
^or. 18. Vor. 21, .\o-'. 22. iNi.r. 23. So
24. Sor. 23.
and the provincial assemblies, with a view to the
Browii
60 (lays 4 85
85
85
85
85
4ts7!.4
Brothers
88
88
SiKht...
88
88
general good, or whether it is merely such teni])orary
»•>
Barinif.
60 days 4 85
85
85
85
MiiK.mn & Co (SiKlit.. 48*
88
88
88
88
deference to popular requests as might be expected from
a better supply of bills,
^a-i
8425; short 20
points
.
(
\
(
Bank
Bunk or
< 60 days
Montr .al
JSlKhi..
Cara'llan Bank
00 days
of Commerce, \ Sliihl ..
4H4V<i
84^
87H
H4U
87
4 85
8.')
4h7Xi
87-^
Heldelbach. lok-
4 85
4 87!^
85
88
( 00 days
N). America.. (Blalii..
British
(
(
60 dnys
eibeimer&Co. KsiKhi..
Lward
60 daya
(SiKht..
<
Krere*
MercDantii' Bk. (OOdwys
of ('anadn.
) Sivhi
.
*M\i,
4«J.^
4
84^
87^
85
88
fi4^
Si'A
-t!
»7H
87^
Q
H5
87}^
85
88
85
"I
8T«
o
m
tiS
85
88
4 H.T
8.">
Hr,
83
88
85
88
S3
4«7m;
HVA
87^
M7M
4 85
4 87«
m
><
85
88
84!^
b:<4
a government in
with the bulk of
straits^
thousand miles away.
The good
its
faith of the
army
five
Imperial
85
a degree at least attested
87V^
Govorniiiont in the matter
83
88
83
88
83
by the fact that the convention of the Zenistvo presidenti^
was personally brought about by the Czar's new Minister
87!^
of the Interior, Prince Sviatopolk-Mirsky.
is
in
His willing
;
THE CHRONICLE.
2430
identification of himself witli the
and ardent
for larger privileges to the people is a
movement
guaranty that
fair
appointed him with such possibilities in view,
and that the Von Plehvo policy of repression and ironhanded tyranny has for the present had its day. The
doubts which people familiar with recent Itussiau Iiistory
entertain in the matter have their basis, first in the uncertain action of the Czar in his governmental policy,
the Czar
and, second, in
According
itself.
was
the
some
reports, the Minister himself
The Zemstvos, which
by
and
felt
meetings.
to restrict the publicity of their
to public notice
liberal
of llussian character
the attitude of the delegates,
startled at
compelled
to
peculiarities
tendency created at
product of a
Petersburg as a result of
St.
was a war, moreover, in which Kussia's naOne main reason
tional prestige had been humiliated.
why political reform has been hoped for as an outcome
of the present conflict in the East, is that the Crimean
war of 1853-56 was followed by precisely such advances.
"The Crimean war," wrote Wallace, an acute and symwar.
It
of Russian
pathetic critic
new epoch
institutions,
to the repressive
''inaugurated a
It dealt a
in the national history.
a more perplexing probThis unfortunately-placed young man has shown
attitude of the Czar
lem.
by
leadership
his
in
deathblow
system of the Emperor Nicholas, and
is
movement
tlie
for
international
humane; but his action in
the affairs of Kishinev and Finland
not to mention
shown
Manchuria has equally
his inability to make
head against a court cabal, and what stand that cabal
peace that his disposition
is
—
—
will take in the
little
matter of legislative reform
The strength
doubt.
our judgment,
in
lies
has shown the
events
Von Plehve
disastrous
of the
the
that
fact
were
reactionists
Eastern war and
himself,
for
popular
the
where to
clique and the
responsible
for
in
movement of
the
Czar, despite
open to
is
movement,
liberal
The Grand-Ducal
look for safe advisers.
as an institution has been recalled
this incident, is itself a
The
Vol. lxxiz.
the
discon-
That the Empire, on the other hand, has been
make head against its troubles is a result^
tent.
able thus far to
more than of anything
else, of
the labors of the one en-
lightened outside councillor, unconnected with the court
cabal and out of sympathy with their ]\ranchurian policy,
exercised wide power in the present Czar's ad-
who has
When
ministration.
it
may now be
how Russia
seen
has benefited in her emergency by the measures of the
former Financial Minister
common
sense
may
De
Witte,
it
possible that
is
dictate a similar deference to other
produced an intellectual movement and a moral regener- independent statesmen.
ation which led to gigantic results."
The system
Emperor Nicholas, this same observer adds,
put
to
of the
"had been
The
a crucial test and found wanting.
policy
BALTIMORE & OHIO'S SHOWING IN Ay
UNFAVORABLE YEAR.
which had sacrificed all to increase the military power of
the Empire was seen to be a fatal error."
Like the other trunk lines, the Baltimore & Ohio
The new
Alexander
who
Czar,
II,,
succeeded his father at this Railroad had unfavorable conditions to contend against
juncture, went so far as to announce, in his manifesto in the fiscal year 1903-4, covered by the report issued the
|
proclaiming the termination of
combined
efforts of the
"by the
hostilities, that,
Government and the
people, the
public administration would be improved."
present week, but that circumstance tends simply to bring
out the fact that
situation as to
its
under the great development of
income
is
very strong
business in recent
This promby the establishment in 1864 of the years. The road serves the mineral and manufacturing!
Zemstvos, an assembly elected by the people of each industries of the Middle and Middle Western States, and
province, and endowed with broad privileges of what we our readers are fully informed as to the depression that
is©
-was
kept
The
should call town and county government.
discreet
and tentative
by
efforts
this
further
progressive
sover-
eign, his emancipation of the serfs in 1861, the checking
of the
its
liberal
movement by a most ill-timed Nihilist
own assassination in 1881 by the
developed in the iron and steel industry the latter part
of the
calendar year
most of the
first
sis
recall the set-back
11)03 and was continued during
months of 1904. They will also
further untoward influence, as far
agents of that body with the long resultant period of reac-
Ohio
make up the modern history of Russia.
The Zemstvos, however created out-of-hand,
is
general trade.
A;
as the Baltimore
&
that occurred in
demonstation, and his
concerned, was the interruption of
traffic occa-
sioned by the Masters' and Pilots' strike on the vessels
engaged in water transportation on the Great Lakes.
everything else in Russia, by an imperial ukase still The result altogether was that, though gross earnings the
exist.
Their powers have been alternately extended and first six months increased $2,733,985, the last six months
curtailed, but they have managed to maintain themselves they fell oflf $1,112,537, leaving only $1,621,448 gain
as an institution, and it is doubtless they who can most in gross for the year.
tion,
—
like
—
properly appeal for broader privileges of self-government.
Precisely what they will ask for
is
not yet
known
;
it
is
not even certain that the people will be ready for what the
Zemstvo presidents demand.
Acute European students
of Russian popular conditions lay considerable stress on
the fact that
in
Russia
is
lacking the English
" bourgeoisie," from which
there,
" middle class," the French
With circumstances and
check the growth in
conditions thus such as to
trafiic
and revenues which had
been such a marked feature in the road's affairs
previous years, there developed at the same time
in
a
which tended to bring about a very pronounced augmentation in the expense accounts. On the
Baltimore & Ohio proper (that is, exclusive of the aftiliated lines, which are reported separately) the addition
There was an,
to expenses was no less than $4,058,900.
state of things
movements in the history of those
main proceeded. Descriptions
even of the Zemstvos seem to agree that their member- increase under each one of the leading heads, the addi-j
ship consists of noblemen and peasants
the two ex- tions under Maintenance of Way being $612,725, under
tremes of Russian society and although the two classetj Maintenance of Equipment $2,104,435, under Cost of
seem, in their provincial assembly, to work harmon- Conducting Transportation $1,107,848 and under Geniously, there is something lacking.
On the other hand, eral Expenses $233,893. This is somewhat different
the successful liberal
two States have
in the
—
it is
manifest that from no other source
—
could a request
freedom come with a claim
delegates of the Russian people.
for larger political
i
to
speak as
from the experience of other roads, which have in numerous
firs*
cases
recorded
of these
heads.
a
reduction under
Put
the
at
least
the
situation of the Balti-|
Nov.
&
more
THE CHRONICLE.
26, 1904.
was
Ohio
company has
The
peculiar.
2431
evident from
rially, is
the fact that the tonnage in iron
many years been engaged in carrying out (pig and bloom) fell off 464.015 tons, the tonnage in iron
an extensive system of improvements, and this work and steel rails 107,505 tons, and the traffic in "other
castings and machinery" 411,005 tons, besides which
it was not thought desirable to interrupt, even in an unMurray
Gr.
Oscar
there were smaller losses in various other items.
President
Then
favorable year like 1903-4.
for
takes pains to emphasize this fact, saying that the liberal
originally arranged
programme
proving the property was adhered to, the increased expenses in Maintenance of Way being largely due to the
outlays
extra
bridges and culverts.
ties
and
& Western
taken over by the Baltimore
These items, we are
cles
1,027,146 tons, the ore
fell off
sand and
traffic in stone,
traffic
like arti-
158,980 tons; though, on the other hand, the road
more
&
Ohio.
had no counterpart in the
told,
carried 1,487,473 tons
of bituminous coal
repairs to
for
charged with $600,142 for depreciation and $121,283 in
the adjustment of value of the equipment of the Pittsburgh
coke tonnage
and 311,737 tons more of anthracite coal. Certain items of the
Maintenance of Equipment was agricultural tonnage also decreased, the grain traffic, for
for
ballast,
for
the
maintaining and im- 207,331 tons, and the
for
ex-
instance, dropping
away 228,626
Altogether, the
tons.
net shrinkage in the freight business as a whole was 831,-
750
But
tons.
the
alongside
decrease
this
is
relatively insignificant
The passenger traffic
number
number moved one mile.
previous increase.
actually recorded a further expansion in both the
penses of the previous fiscal year.
same time the Baltimore & Ohio in its expense of passengers carried and the
same general causes as the
There was again bettennent of the average rate
For one thing received per ton per mile, which average has been
railroad systems of the whole country.
The
the common increase in wages served to add to the cost steadily rising year by year for many years past.
of operation, its influence being reflected in the expenses improvement in 1904, however, followed no doubt,
At
the
accounts suffered from the
Furthermore, Cost of largely,
of all departments of the service.
if
not altogether, from the falling off in the
—
Conducting Transportation was heavily augmented by bulky and low class freights, those taking the smallest
It does not imply any increase in the charge to
the unprecedented weather conditions which prevailed rates.
during January, February and March,
movement
layed the
of traffic and
and which
de-
occasioned increased
payments to employees and resulted in
sumption of fuel.
As a consequence of the $4,058,900 addition
increased
con-
the
public for the
freight, particularly in the
which
to
ex-
In the years preceding,
service.
there were absolute increases in rates on
of
latter class
in the late year,
classes of
of bituminous coal, on
case
traffic,
many
however, the average, even
was no more than 4
mills per ton mile.
penses, with only $1,621,447 increase in gross earnings,
there was a loss in net earnings in amount of $2,437,453.
The
Moreover, on the
with 5-56 mills in 1903, 5-15 mills in 1902, 4-98 mills
in 1901, 4-55 mills in 1900 and 3-90 mills in 1899.
crease
in
$319,420
affiliated lines, there M^as
with $409,849
expenses,
decrease
in-
gross
in
thus producing a loss in net on these lines of
earnings,
general average on
the
entire
freight
tonnage,
including coal, was 5-82 mills in 1904, this comparing
We remarked a year ago
upon the company's large
$729,269 and bringing the total loss in net earnings for new capital outlays in recent years, pointing out that
next to the Pennsylvania Eailroad itself which domithe whole system up to $3,166,722.
The income statement
Baltimore
&
the report
in
relates
Ohio proper, and in view of the
to the
falling off of
nates the Baltimore
railroad
the
in
&
Ohio
— there
—
probably no other
is
country on which the capital expendi-
tures in recent yeare have been on so large a scale.
These expenditures, moreover, have brought the return
the company's strength as regards income.
The com- expected in an enormous enlargement of the volume of
pany derived a million dollars more from investments traffic, both freight and passengers only a trifling part
than in 1902-03, offsetting to that extent the loss in of which, as we have seen, was lost even under the adnet earnings but on the other hand fixed charges and verse influence of the late year.
During 1903-4 these
taxes were $758,716 heavier.
The effect of the loss of new capital outlays were not of such exceptional dimenearnings has been simply that the company diminished sions, and yet the aggregate expenditures for construcits appropriation out of income for additions and im- tion and betterments for the twelve months were $11,-
2J million dollars in net earnings, the
final result is
extremely gratifying, and illustrates, as already stated,
—
;
provements,
it
$2,000,000 in that way in
contributing
1904, against $3,500,000 in 1903.
matter depended upon
But
far as the
as
income, the company
available
$2,000,000 was defrayed from the
from income.
The company
552,054, of which
special
also
appropriation
made
further
advances
other
to
besides
roads,
might have made the 1904 appropriation equal to that adding $4,018,167 to its investments in the stocks of
of 1903, for over and above all fixed charges, including other companies, though reducing by $1,084,574 its bond
this
$2,000,000 appropriation, and over and above the investments;
4 per cent dividends on the
shares,
common and
preferred
a surplus remained on the operations of the
twelve months
the
in
sum
Even
of $2,986,878.
after
deducting discount and commission on securities sold,
now
$842,000, which item
is
charged against
profit
and
loss
but in former years was charged against income,
and
also
nection
ments
deducting $339,569
with the Baltimore
and
for
traffic
established
maintained.
serve
to
conditions which
in
Tiiat
sundry adjustromaius.
be noted that, notwithstanding the
It deserves also to
did
fire,
— even then a surplus of $1,805,309
unfavorable
gain
for extra outlays in con-
traffic
the
reduce
in
prevailed, the great
previous years was well
adverse influences
cited above
certain items of traffic very mate-
this last
was due mainly
to the sale of the
treasury holdings of the company's bonds.
To provide
the
means
for
these various outlays $10,-
000,000 two-year gold coupon notes bearing 4^ per cent
There were
interest and due May 1 1900 were created.
also
issued
$1,000,000
$1,000,000 prior lien 3 J per cents and
mortgage 4 per cents, besides $2,934,-
first
000 (not counting bonds issued
securities) of Pittsburgh
in
Lake Erie
exchange
& West
for
old
Virginia
system 4 per cent refunding mortgage bonds.
A point of decided
interest in the
closure of a considerable
addition
to
vestments in the Reading property.
item, indeed, accounts for
nearly
crease already referred to iu
the
report
is
the dis-
the company's in-
The increase
the
in that
whole of the
in-
company's holdings of
—
THE CHRONICLE.
2432
the stocks of other companies.
report
—
On June
30 1903 the
showed $7,500,000 of Reading common
value) owned, $6,065,000 Keading
first
stock (par
preferred stock
stock,
and $13,990,000 Reading second preferred
June 30
altogether
For
making
$27,555,000.
report
now
the
gives
1904
$13,952,500
stock
owned, $6,065,000 first
Reading common
preferred, and $14,265,000 second preferred, making
$34,282,500 together. The total outstanding stock of
the Reading Company, including the whole three issues
of shares, is $140,000,000, and the Baltimore & Ohio's
acquisition of the stock
expenses and fixed charges (including sinking fund contributions)
above
Rea ding Company
is
being
were $86,644,509, leaving a
profit over
yearly requirements of every kind in the
all
of $8,878,483.
A moment's
calculation will
and
sum
show that
equal to about 4 J per cent on the $197,849,258 of
Southern Pacific Company stock outstanding. It should
this is
be added, furthermore, that the $8,878,483 does not include $1,325,513, the proceeds from sale of land, which
proceeds were paid over to the trustees of the respective
mortgages, to be used by them
for
the
redemption of
bonds.
As
pursuance of the general
in
is
plan hy which control of the
[Vol. Lxjxix
already stated, no dividends were paid on Southern
Pacific
Company stock. The $8,878,483 surplus was applied
held in the joint interest of the Pennsylvania Railroad toward the payment of expenditures for reconstruction,
and the Yanderbilt system of roads. To the Baltimore betterments and additional equipment. The same dis& Ohio control of the Reading is really of more vital position was made of the $8,964,431 surplus remaining
concern than to any other company, since the B. & O. on the operations of the preceding year, the $10,541,471
has to rely upon the Reading and its controlled line, the surplus of 1901-2, and also the surplus of previous years.
Central Railroad of New Jersey (forming the Bound In fact, as has been many times pointed out in these
Brook route), for its outlet to New York City, and to columns, during the whole of the time since the Southern
connect
its
New
Jersey and Staten Island terminals with
the parent system of the Baltimore
&
Pacific
Company commenced
operations in
March 1885,
a period of over 19 years, the policy has been to apply
Ohio.
all
surplus earnings to betterments, extensions, additional
equipment and the acquisition of other properties.
THE SOUTHERN PACIFIC PROPERTY.
Dur-
company has purchased and
In considering the annual report of the Southern Pa- canceled (from contributions to sinking fiinds and from
cific Company, the mind naturally associates the road the sale of lands) a considerable amount of bonds.
In
with the Union Pacific. The impression which study of these ways an enormous sura has been added to the
the annual reports of the company always leaves is that value of the property.
through the Southern Pacific the Union Pacific not only
But even larger amounts have been provided through new
gets
indispensable
connections with
the Pacific Coast,
but that the Union Pacific's investment in the Southern
ing the
same time
the
capital contributions, involAnng of course a corresponding
increase in capital liabilities.
In reviewing the report for
and the twelve months preceding, we pointed out that during
itself.
The
reader
may
recall
that
by
the Union Pacific the three years ending June 30 1903 the expenditures
owns no less than $90,000,000 stock of the Southern Pa- for the construction of new lines, for the reconstruction
cific Company.
On this it has not yet had any return
of and betterments to existing lines and for equipment
not, however, because no dividends are being earned on and other property had aggregated $62,774,171.
Durthe stock, but simply because it has been the policy to ing the twelve months covered by the present report the
Pacific
must be regarded
use
surplus earnings in the
all
as a very valuable asset in
betterment, improvement
capital expenditures aggregated over 19 million dollars
$19,072,972. These capital outlays were met by the issue
and extension of the property.
In point of railroad mileage operated and controlled, of new stock (Central Pacific preferred shares and
the Southern Pacific ranks as one of the largest railroad Southern Pacific Terminal shares) amounting to $1,200,systems in the country, and in point of aggregate yearly 000 and of new bonds amounting to $13,701,000.
This
income there is only one company which surpasses it, left, it will be seen, $4,171,972 to be provided for fi-om
namely the Pennsylvania Railroad, this latter, of course, other sources.
standing in a class by itself. From the report before
These figures are of interest in view of the provision
us it appears that the Southern Pacific Company on which has now been made for the raising of additional capiJune 30, 1904 comprised 9,378 miles of main road, in tal through the new issue of preferred stock. It will be re-
June 1904
addition to 4,895 miles of water lines, river and ocean.
membered
In these figures, moreover, no account
cided to create $100,000,000 7 per cent preferred stock
is
taken of the
that in
the board of
directors de-
126 miles of road owned by the Gila Valley Globe & and that in July, after their action had been approved
Northern or the 10,821 miles of water lines covered by the by the stockholders, $40,000,000 of the new stock was
Pacific Mail Steamship Company, the accounts of which offered to Southern Pacific stockholders at par.
Fifty
are kept separate and distinct.
per cent of this
$40,000,000 has already been paid in
The average length of road operated during the twelve and the remaining fifty per cent will be due December 1.
months and included in the accounts was 9,024 miles, The proceeds are intended to discharge the floating debt
this comparing with an average of 8,842 miles in the incurred in making the large expenditures of recent
preceding fiscal year.
The gross transportation receipts years for betterments and additions to existing lines, for
for the year on the mileage given (including the river new equipment^ new steamshi ps, real estate, and other
and ocean lines operated in connection with it) were property, for the construction of wharves, docks, elevatois
almost 93 million dollars and adding income from other and other improvcuieuts, for the construction and
sources the aggregate of all receipts is brought up to advances for the construction of new lines, and for
over 95J million dollars $95,522,992. These totals by various other purposes.
their size give an idea of the magnitude of the business
A year ago, tliat is on June 30 1903, the company
of the system.
The most important fact, however, is had a floating debt in tlic shape of loans and bills paythat the operations of the company net each year able in amount of $23,409,721.
This was further
—
a
large
profit.
With
$95,522,992
gross
receipts,
increased
2| million dollars during the twelve months,
1
Nov.
THE CHRONICLE.
26, 1904.]
2433
—
payable Jnne 30 1904
under review the Ogden-Lucin Cut-OflF the most importand
ant piece of work in the whole plan of reconstruction—
being reported $26,130,195.
$323,000 additional owed by the proprietary companies, was finished, it being opened for business March 8 1904.
aggregate current liabilities of all kinds of the Southern The new line effects a saving in distance of nearly 44'
Pacific (Jornpany and of the proprietary companies June miles, the total length of the Cut-Off being only 103 miles
30 1904 were $41,692,213. As against these liabilities against 147 miles by the old route. It runs across the Great
the companies had current cash accounts (exclusive of Salt Lake in Utah, the railroad in the lake being built
materials and supplies to the amount of $12,457,959), on an embankment and trestle and constituting a very;
and available bonds of important engineering feat. Besides the saving in disaggregating
$13,335,006
$2,978,516; the balance sheet also shows advances tance, very considerable benefits in the way of curvature
Another important event of
for the construction of new lines, investments in other and grades are obtained.
properties, equipment and real estate footing up a total the year was the completion of the unfinished extension
of the Mental vo Branch of the Southern Pacific Railroad
$29,167,208.
The construction of this
In explanation of this large item of advances the re- from Simi Tunnel to Burbank.
such loans and
total of
the
bills
j
Including these loans
\
i
port points out that the
nishes
to the
Company
Southern Pacific
fur-
line
proprietary companies the funds required
538
for the construction
of
new
lines, for additional equip-
comprised three tunnels of 7,368
distance, grade
and curvature
920
feet,
feet
and
a more favorable route in
feet respectively; it affords
for the operation of Pacific
for the acquisition of Coast trains, than the old line between Montalvo an^
development of the business Burbank via Saugus.
of said companies or in their more economical operation.
It is in these various ways that the system is being
The sums thus furnished have to be carried by the South- constantly raised to a more favorable position for opera,
em Pacific Company pending the completion of the tion and to a higher standard of efficiency.
work and awaiting a favorable opportunity when the seDealing more specifically with the operations of the,
curities issued in payment for such construction, equip- late fiscal year in comparison with those of the year prement or other property can be sold at satisfactory prices. ceding, it is found that the augmentation in expenses
A large working capital is therefore necessary, and con- was not such a marked feature as in the case of most
siderable sums will at times be represented in these other large railroad systems.
That is, the gain in gross
advances.
earnings was not entirely consumed by increased exIn an article in our issue of June 25, dealing with penses. With $4,612,895 addition to gross, expenses
ment, for terminal
properties, or
properties important in the
new
the
issue of preferred stock,
we
pointed out the ad-
vantages to be derived from this provision for the company's
new
The $40,000,000 now
needs.
capital
posed of will extinguish the
oompany
floating
in easy financial condition.
a considerable
sum
Another
fact
tious as with other roads,
of
$748,892
leave
of
way
and
assets in the
be
the
result
It will
also
treasury as working capital to use for the purposes just
enumerated.
imagine that weather conditions were not so unpropi-
debt and put the
and negotiable
of free
dis-
should not be lost sight
of.
We
rose $2,838,333, leaving $1,774,562 gain in net.
count
in
This
structures.
of
former
in
and besides there was a saving
for maintenance
expenditures
the
the
large
years
and
saving
outlays
of
is
stated
on
that
in 1902-3 for the destruction of property by
ac-
charges
extra
the
to
fire
on the
than $65,480,000 of Alameda Mole. Expenditures for maintenance of equipCompany and ment were added to in amount of $1,246,293 (11| per
the proprietary companies will fall due, and the com- cent) and cost of conducting transportation increased
During the next three years no
less
high-rate bonds of the Southern Pacific
pany's improved financial condition will enable
much more
fund these maturing obligations on a
able
basis
of credit,
it
thereby effecting
a
to re-
favor-
considerable
saving in yearly interest.
The
way
the wonderful
expansion of the
year
show burn
traffic
and revenues of the system since the incorporation of the
Company
in transpQrtation cost.
the
contains a series of diagrams which
report
in a graphic
Higher wages and the en$1,950,892, or 6^ per cent.
hanced cost of coal and wood were factors in the increase
oil,
We notice,
however, that during
more locomotives were changed to
making on June 30 1904 no less than 888
251
locomotives thus equipped out of 1,567.
of
increasing
efficiency
in
operations
As
the
evidence
train-load
few was further enlarged during the year, the average
years, or more particularly since the present management per revenue train mile rising from 320 to 325 tons
has been in control, the advance has been particularly and the average per traffic mile from 267 tons to
rapid.
It was shown above that in 1903-04 gross trans- 275 tons.
Southern Pacific
in 1885.
During the
portation receipts were $92,933,230.
five
years, to 1898-9,
we
find
that
aggregate then was only $55,505,352.
last
Going back only
the corresponding
Of course
in part
We may
lines
repeat
what we have
of the system
said
before, that
enjoy a widely diversified
During 1903-4 the tons of commercial
freight
the
traffic.
carried
to 18,509,089 tons and the
the increase in revenues has followed from the acquisition
increased from 17,163,503
and building of new mileage. Except, however, for tons moved one mile from 5,035 millions to 5,337
the enormous amounts of money spent in the improve- millions.
The agricultural tonnage fell off, but the
ment and betterment of the property and the provision mineral tonnage and the lumber tonnage increased.
of new facilities, no such development would have been The number of passengers carried apparently decreased
possible, nor would the company have been
able to from 31,440,091 to 30,668,135; but on examination it
operate the properties in such an economical
way
yield the large surplus earnings recorded over
and above
appears that the loss was entirely in the ferry-suburban
traffic;
the
regular passenger
traffic
increased.
number of passengers moved one mile
fixed charges.
In the report
as to
The
rose from 1,188'
were given to show millions to 1,269 millions. The report is in the usual
the character and extent of the reconstruction work done elaborate form, making a pamphlet of 76 pages, folio
on the Central Pacific Kailway, the greater part of which size. It also contains a large map showing the lines of'
work had been completed at that time. During the year the system.
for
1902-3
statistics
.
THE CHRONICLE.
2431
ITEMS ABOUT BANKS. BANKERS AND TRUST GO'S.
—The
public eales of bank stocks this week aggrpgate 161
re sold at the Stock Exchange
which 84 charts
and 77 ehurta at auction. Only one lot of trust company
s'ork was eold, amounting to 10 shares. The first public sale
w
eh&rt-H, of
the Coal
of ptock of
week
&
BA.NK8— .V«tc fork.
27 Am. Excb. Nat Bank
274>«
190>4
238-210
392>«
&
IroD Nat. Bank
•SaComniTCH, Nut. Bauk of
Coal
*25 Corn Exchttuge Bank
10 Hanover Nat. Ban^
15 United Nat. Bank
First sale.
Nov. 1504Nov. l>^04-
237
400»«
6*0
95
Oct 1901— 540
96
July 1903—
163\
Oct.
Tbdst Company -A'cw Fork.
10 Broadway Traet Co
*
this
iMif vrevioui iale
Nov. 1004— 280
Price.
SK-:rtt.
2ft
Bank was made
Iron National
at 190^-
1904— 162%
Sold at the Stock Exchange.
E. Newbold, of Messrs. William H. NewCo. of Philadelphia, will on January 1 beCo., Philadelphia, J,
a partner in the firms of Dresel
—Mr. Arthur
bold'd
&
Son
come
&
P. Mcrgan & Co., New York, anl Morgan, Harjes & Co.,
Parif. As annou'^cei in our issue of the 12th inst., Mr.
Qeorga
C.
Thomas, on account
of
ill
health,
ia
to retire
from
Mr. El ward T. Stotesbury after January 1 will be the chief Philadelphia partner
of Dtexel & Co. Ic Is stated that Mr. Newbold, who has
been a member of the banking firm of William H, New hold's
Son & Co. for twenty-five years, will make a study of railroad finances in his new connections.
the three firms the
first
of the year.
— Suitable reeolutions of condolence were adopted this
week by the direotors of the Uoion Exchange Bank of this
city vpon the death on Monday of Mr. Joseph B. Bloomingdale, one of the members of the board. Similar resolutions
were adopted by the trustees of the United States Savings
Baok of this city, of which Mr. Bloomlngdale was one of the
orgsn'zers and during nearly
existence one of its
Its entire
Mr. Bloomingdaie was formerly a member
of the dry goods firm of Bloomlngdale Brothers, but retired
Vice-Presidents.
in 1896.
Shoa & Laather Bank, at 271 Broadway
a very interesting compa^ratlve statement
showing the institution's expansion in business since November 25 1902 as reported to the Comptroller on ths following
—The
Nationbil
last v/fek issued
Surplus
Capital.
Hale.
Nov. 10 i:^r4
Nov. 17 1908
Nov. 25 1902
Profits.
<t
Deposits.
$1,000,000 $330,657 $13,972,835
1,000,000
327,908
8,323,187
1,000,000
307,331
6,575.453
Total
Resources^
$14,455,998
9,707,845
7,939,592
the bank consists of William L. Moyer,
John A. Hiltner, Vice-President and Cashier; GilSayres, Augustus C. Corby and Alfred J. MoGrath,
cffioial Staff of
:
Pffcsident;
bert B.
Assistant Cashiers.
—At the
^
H G
Wall Street. Its capital
The names of the directors
be announced within a short time.
Mr. James E. Hu!shiz?r as President
will have banking quarters at 110
and surplus
$50,000.
&
Trast Company of
of the New Jersey Title Guarantee
Jersey City was announced early the present week. Mr.
Haleh'aer'a resignation was accepted by the direotors at a
on Tuesday, when former First Vice-President William H. Corbin was elected President. The latter's
successor in the Vice-Prasidenoy is Mr. E. F. C. Young,
Bpecial meeting
the First National Bank of Jersey City. The
anucuacement of Mr. Hu'ahizer's retirement was a eurprlee.
He btoame President of the institution, with which he has
been connected since Its Inception, In Deaember 1901, prior
Pi-fsiclent of
to which he was its Secretary and Treasurer. To his zeal
tniy be attributed a good part of the success which the com-
pany has enjoyed. The directors took occasion at Tuesday's
meeting to express in resolutions the regret felt at Mr. Hulshizei's resignation and to acknowledge the services ren dered
by him.
of the trustees of the Security
Treasurer, but has resigned the post of Secretary, to which
Mr. Francis Parsons has i^een elected, Mr, P:»rsons is also the
Trust Officer of the company.
—
It id believed that the Industrial Trust Company of
Providence, R. I,, is about to take over the National Niantic
Bank of Westerly, R. I. The directors of the bank are reported to have authorized President Williim Segar to act In
the contemplated transfer of the Institution to the trust company. The capital of the bank Is $250,000.
—Control
of the Brookline National
Bank
of Brookllne,
Mass., has been secured by Messrs. Lee, Higglnson
&Co., of
BoBton, the latter, it Is reported, representing interests connected with the First National Bank of Boston. The Brookline bank has a capital of $100,000.
The price at which the
majority shares were obtained was $200, a-^d the same figure,
It is stated, has since been offered the minority stookholdera
for their holdings.
Mr. Charles H. W. F.oter has resigned
as President,
Swan
and for the time being Vice President Reuben
will act as the bank's head.
—
An application to the Comptroller to organize the Wobnrn National Bank of Woburn, Maas., capital $100,000, was
approved on the 17th inst. The organizers are the present
officers of the First National Bank of Woburn and the Woburn Five Cents Savings Bank. It was announced several
months ago that it was the intention to liquidate the First
National at the expiration of the charter in January.
In
State bank, to be called the Interborough Bank
New York, will open for business In the lower Wall
Stieet district on Dacember 15th, Mr.
Rankle of 100
Broadway is to be President of the new institution, which
—
monthly meeting
Company of Hartford, Co 3n,, on the7'.h inst., Mr. Charles
Edward Prior was elected Vice-President to succeed the late
Judge H-nry E. Taintor. Mr. Prior retains the office of
arespectively.
new
County National
from $153,000
to be increased
ia
— Wo
000,
and other cfficltils will
The resignation of
oversville, N. Y.,
are officially inform :d that another extension permitting the continuance of the tru^t department of the
Hampden Trust Company of Spriagfi>^id, Mas?., h^s been
granted, this time until December 15. Ir. will be recalled that
in order to keep things intact in the hope that i: miiiht be possible to effect a reorganization, the injunction issued agiinst
the company at the time of its suspeneioa in December 1903
was modified so far as to allow the trust department to continue until a specified date, which date has since been extended several times. A total of 70 per cent in dividends has
been paid by Receivers William W. McClench and Henry
Hull Bosworth since the suspension. The first dividend, paid
April 8, was for 40 percent; this has been followed by three
dividends of 10 per cent each, paid May 9, July 27 and October 29.
newly organized Battery Park National^ Bank (to
•wbich we have referred in previous issues) commenced
business last Monday morning at 24 State Street, this city.
Ml, E. A. DoLima Is Its President, while Messrs. El win B.
D*} and Georges. Talbot are Cashier and Assistant Cashier,
is $100,000
stated thtit the capital of the Fulton
G
—The etockholders
—The
—A
is
of
to $200,000.
S.
dates, viz.:
The
— It
Bank
Vol. Lxxii,
of the Central Trust
& Savings Com-
pany of Philadelphia are to hold a special meeting on January 35 to take action on the proposition to Increase the capiThe recent addition of $25,000
tal from $500,000 to $750,000.
to the surplus of the Institution, raising the
our issue of Oct.
April
22.
amount
to $159,-
undivided profits, was noted
The company's existence dates from
and the placing of $8,702
to
15, 1903.
—The proposition to increase the authorized capital of the
Tradesmen's Trust Company of Philadelphia from $500,000 to
$1,000,000 was approved by the stockholders at a meeting on
Tuesday. It was also voted to raise the par value of the
shares from $50 to $100.
The
paid-in capital is at present
$250,000.
—A meeting of the stockholders of the International Trust
Company of Maryland at Baltimore Is called for December
20, when action will be taken in the matter of reducing the
from $2,000,000 to $l,600,000-an Item concerning
which appeared in this department last week. A reduction
in the surplus from $1,000,000 to $750,000 Is also to be
capital
effected.
—A reduction In capital
tinental Trust
Company
is
also contemplated
by the Con-
of Baltimore, the proposition to be
submitted to the stockholders on the 20th of next month.
In thi-i instance It is proposed to cancel 6,500 shares of a par
value of $100 each, thus decreasing the capital from $2,000,000
to $1,850,000.
—Mr. John H. Moore, it ia reported, has resigned as VicePresident of the National Metropolitan Citizens' Bank of
Washington, D. C.
,
Nov.
—An
Bank
THE CHRONICLE.
20, 1904.1
official
notice in the Pittsburgh papers states that the
which as noted last week, is to locate
of Pennsylvania
—Another
13
26,
ample provision has bten,
bank in the new
for the increasing business of the
^
hare a capital of |100,0C0 in shares of
$100 each. An application for a charter for the institution
will be made on February 30 next.
in Pittsburgh,
made
2435
columns on March
in ttiese
',
to
national bank
about to organize in Pittsburgh, the Comptroller on Friday last having sanctioned
the application, presented under the name of the Phceaix
National. The capital of the new institution is to be $209,Messrs. J. S. Rodgers, S. G. Rovnianek, J. H.
OOO.
McClarren, Albert A. Home and John W. Grove are the
is
incorporatore.
quarters.
—A
report has recently been circulated to the effect that
the Hunter- Phfc Ian Savings Bank
Trust Company of Fort,
Worth, Texas, had amended its charter so as to change its
name to the Bank of Fort Worth. This erroneous impression,
grew out of the fact that the company, since the present
management assumed control last December, has changed its
name from the Hunter-Phelan Savings & Trust Company to
the Hunter-Phelan Savicgs Bank & Trust Company, amend-.
Ing accordingly its original charter taken out twenty-five
years ago in the name of the Bank of Fcrt Worth. The,
present officers of the institution are: Mr. Otho S. Houston,
Pnsidtnt; Felix P. Bath, VlcePreeident, and W. L. Small:wood. Cashier.
&
—It is stated that private banking institutions in Ohio
have not responded to State Auditor Quilbert's.call for reports
under date of October 18. This is the first call under the
new law, which permits the Auditor to make two calls a
— Receiver C. L. Williams of the Citizens' National Bankyear, fixing any date he desires. The claim is made by some
of the private bankers that the State banks only are obliged of Beaumont, Texas this week paid a second dividend to the
to report under the oalJ, and it is understood that the matttr creditors of the bank. As announced in our issue of Oct. 29,
Under the law the amount is 25 per cent, making the aggregate thus far 75
will be taken to the courts for decision.
previously in force, semi-annual statements were n quired on per cent.
the first Monday of April and October.
The Mercantile Trust & Savings Bank of Los Angeles,
.
,
•
—The charter of the National
—
State
Bank
of Terre Haute,
extended at the expiration on January 20
next, and the affairs of the institution will accordingly be
Ind., is not to be
wound up
at that time.
—The Kenwood National Bank is now organizing in Chicago with $230,000 capital. It is stated that the Fort Dearborn National Bank of Chicago is interested in the projected
institution. The organization of the Security State Bank,
of which Cashier Lamport of the Fort Dearborn was one of
the incorporators, is understood to have been abandoned.
—
Very neat and attractive is the literature issued by the
National Bank of the Republic of Chicago in presenting its
statements as made in compliance viith the Comptroller's
calls.
The Sept. 6 report was contained in a six-page folder,
in which information pertinent to the institution was incorporated in a style and manner which could hardly ba ex
celed.
The Nov. 10 statement, though but a leaflet, is of
like artistic design.
Heavy white paper is used in both instances, and in the case of the latest statement black and
green rulings lend to the general attractiveness. The deposits of the institution increased from $15,019,595 in Sep
tember to $15,260,866.
—The First
National Bank of Minneapolis has secured a
two months. Between
large increase in buaineBS t4ie last
Cal, opened for business on the 14th inst. The institution's
headquarters are at Mercantile Place and Broadway. As
before stated, Mr, F, M. Douglas la President, W. Jarvls
Barlow, Vice-President and Charles Ewlng, Secretary and
Cashier.
The capital
is
—The
of
the
new
Citizens'
National Bank
of
A
corner of Mon' gomery and Washington streets.
lit0njetarBMcrmmercti» i^uQllsh'g.txoB
[From OUT own correspo
ident.]
London, Saturday, November 13, 1904.
Lord Lansdowne's speech at the Guildhall banquet on
Wednesday evening has made an exceedingly favorable impression throughout the country; and under its influence
businees on the Stock Exchange has improved and prices
and weavers are looking forward to the new year with great
hopf.
In other directions there are likewise
feigns of
im-
Commercial National Bank of Hous- provement, although there are loud complaints of want of
ton, Texas, announce the removal to their new building, cor- employment. The best opinion is that the worst is over, and
ner of Main Street and Franklin Avenue. The bank occu- that now a recovery is biginuing to set In. The Board of
pies the ground flDor of the structure, which Is six stories Trade returns for October are upon the whole satisfactory,
high, and built entirely of atone and gray brick. As noted October of this year had one working day less than the corofficers of the
'
&
stockholders of the Columbus Savings
Loan Society of San Francisco have been called upon to pay another
instalment of $25 per share en the capital. The institution's
authorized capital is $300,000, In shares of $350 each. When
organized, $50 per share was paid in; subsequently $25 per
share was paid, making $90,000; the amount was increased
to $100,000 (the present paid-in capital) by the transfer of
$10,000 from reserve. With the payment of the amount just
new
called, the paid-in capital will 8tp.nd at $130,000.
building is about to be erected for the company's use at the
—
cashlershlp
Vicksbnrg.
'
$200,000.
—The
September 6 and November 10 deposits moved up from
$9,167,088 to $11,395,177, representing an addition of over generally have advanced. Moreover, the fear that money
two million dollars. The bank now shows surplus and un. was about to become scarce and dear has been removed.
divided profits of $1,467,920, while aggregate resources are Indeed, many of the leaders of the cify believe now that the
$15,913,193 compared with $13,689,280 at the date of the million sterling in gold taken in one lump from the Bank of
previous statemenf. Mr. J. B. Gilfillan is President; F. M- England a fortnight ago was withdrawn for the express purPrince, Vice-President; C. T, Jaflffay, Cashier; D. Mack- pose of alarmicg the market, It is pointed out that when
erchar and Ernest C. Brown, Assistant Cashiers.
the French banks wished to take advantage of the high rates
An increase of $800,000 is to be made in the stock of the in Germany and to obtain a similar amount of gold, they
National Bank of Commerce of J Denver, Colo., givicg the in- took it not from London but from New York; and the care
stitution a capital of half a million dollars.
The proposition of the French banks to avoid disturbing the London money
was ratified by the shareholders on the 15th inst., and the market is contrasted with the secrecy and suddenness with
new stock will be paid in on or before December 15. By the which so large a sum was withdrawn from the Bank of EngAt the time it was said that the gold was intended for
sale of the new shares at $150 each (par value $100) the sur- land.
Germany;
but It is now believed that it was really taken on
plus will gain to the extent of $150,000, making aggregate
Russian account for the purpose of preventing the success of
surplus and undivided profits $250,000.
the new Japanese loan. If this view of the matter is correct
—At the meeting of the Oklahoma Bankers' Association on those who acted upon it have failed, for all the arrangethe 17th inst. it was voted to merge that organization into
ments for the new Japanese loan are completed, and the
the Indian Territory Bankera' Association. A resolution was
loan itself is at a premium. Therefore, it is argued that no
also adopted during the session, asking that Congress give
second attempt will be made, and consequently people are
local self government to Indian Territory by extending the
becoming more hopeful.
laws of Oklahoma over that Territory.
There are good reports, likewise, from several of the man—Mr. George B Hackett, Assistant Cashier of the Mer ufacturing districts. More particularly the state of the cotchants' National Bank of Vicksbnrg, Miss., with which he ton tiade Is very satisfactory.
There is an exceedingly
has been connected since its organization in 1886, has acoepttd strong demand for both India and China, and both spinners
the
'
^
,
,
.
2l3(i
THE CHRONICLE.
fVOL. LXJCIX.
reepondiDg month of last year. Vet there la an inurease in
the valne of the importa of £1,759,000, equal to nearly 8 7
per cent. The value of the exports of British and Irish
produce and manufactures is less, however, by £117,000, or
about re per cent. And the value of the re-exports of foreign and colonial produce is likewise less by over 4 per cent.
To a considerable extent the decline in the exports is at
tribntable to low prices. Upon the whole there is a more
cheerful feeling in trade proper, while upon the Stock Exchange the tone is utiqnestionably hopeful.
Upon the Continent, Stock Exchange business is decidedly
more active. In France the settlement arrived at between
this country and Rneeian is believed to be a guwaaty that
the war in the Fat E ist will not be extended. Therefore
Investors are much more willing to invest than for some time
new issue will be takea to
Japan, but that the whole of the proceeds will be left in
Europe to meei Japanese liabilities as they may arise.
Ttie India Council offered for tender on Weinesday 93 lacs
of Its drafts and the applications amounted to nearly 698
)ac58, at prices ranging from Is. 4 l-16d. t ) Is. i]4 '• p^r rupee.
Applicants for bills at Is 4 3-33d. and for telegraphic transfars at Is. 4i^1. per rupee were allotted abouc 65 per cent of
•^he amounts applied for.
Later in the day the Council made
small special sales amounting to about a lac and a third at
prices ranging from la. 4i^i to Is. 3 5-32d. per rupee.
French capitalists have been buying on a fairly large
ecale in London. They have bought, in particular, international securities and African mining shares. The? have
also bought consols upon a small scale. The Paris Bourse,
too, is more active, and there is a better feeling respecting
Spain. Some improvement has taken place in Russian industrial enterprises, leading to a good deal of buyicg of Rns-
*
Circulation
27,934.205
Public deoosltB
a,8»6.525
Ottier deposits
3».6ie.608
Goverament securities
IB.IOO.'OB
Other secarltles
24.702,408
24,3^2. n7l
Reserve of ooies and coin
Coin & bullion, both departrn'ts 33.80B.87e
Prop, reserve to UabiUtieB, p. c.
b*%
Bank rate
8
percent.
Consols, «« per cent
88 1-18
zej^a
Sliver
105.015,oCO
ClearlnK-Houae returns
past.
«ian iadnstrial eecurities in Paris. In Gdrmany business is
as active as ever. The large orders placed by Russia are
giving full employment to manufacturers. On the Bourse
there is a good investment in banking and industrial shares,
and German capitalists are buying actively in London. Qerluau, Swiss and French capitalists are likewise investing
up'jn a considerable scale in Italy, where great progress is
being steadily made.
As said above, the fear that money was about to become
fioarce and dear is rapidly abating, and the best judges are
BOW of opinion that it will probably be possible to get
through the remainder of the year without raising the rate
of the Bank of Ejglind. It is well koown that gold will
have to ba sent to Egypt and to Buenos Ayres. But the Egyptian and Argentine demands have long been foreaeen and to
some extent prepared for. Moreover, there is always at this
time of year a considerable outflow of coin and notes from
London to the Interior. But that is not sufficient to materially affect the money market.
Furthermore, it is believed
that the German demand for gold is now nearly satisfied.
Probably all the gold offering in the open market will be
bought by France and Germany. Still, the best opinion
here and in Berlin is that no more gold will be taken on
German acoouat from the Bank of England. Therefore it
Is generally assumed that rates will remain pretty much as
they are for the remainder of the year unless gold is taken
either by Russia or by the United States. The New York
market has been so very little affected by the shipments of
gold to France and Cuba that it is hoped here that an Ameiicac demand will not spring up. But nobody can be sure re
epecting a Russian demand. Ic is understood that negotiations are going on in Paris for a great Russian loan. It is
believed that the negotiations are not making much progress
at the moment because the Russian Government ia not willing lo accept the terms proposed by the leading French
banks. No doubt is entertained, however, that an agreement \9iU be arrived at. But it is thought probable that the
loan will not be brought out until the new year.
Jn the meantime there are fears in London that the Ruseian Government may need large sums, and that it may take
a considerable proportion of them from the Bank of Eagiaud. If it does, of course the Bank of England will have to
put up its rate to protect Its reserve. But it should be obeerved that in Paris It Is confidently asserted that Rassia U
not in need of large supplies. It is stated that Russia has
still very large balances standing to her credit not only in
Paris bat in London and Berlin likewise. And it is added
that the new loan is not to be raised because Russia is in nee 3
cf immediate financial assistance, but because the Rasslan
authorities think it desirable to provide for all requirements
well beforehand. It is not believed here that the new Japanese loan will have much effect upon the London money market. It is understood that the greater part of the ten-million
loan raised a few months ago is still at the disposal of the
Japanese Government. Therefore, It seems clear that Japan
does not want the money immediately, but with the usual
foresight of her statesmen she is raising the loan so that she
can look forward with confidence many months ahead. Japantse fiaanclal authorities go so far as to state that no part
of either the 10 million loan or the
The following return shows the position of the Bank of
Eogiand, the Bank rate of diaoouot, the price o'c consols, &c.,
compared with the last three years
:
1X04.
Nov. 9
The
rates for
I90a.
1908.
Nov.
1
Nov.
u
f
28.652.416
a.2e.8«tJ
29.08 .085
8.r87,Hd7
29 4?3.480
10,609,691
8U,H46,ti8
064
89,-.if<4.8n4
16,486.55d
1«416.18<
17.5i!6,80S
S!4,4V3.fl6
22.0^1952
26.Hi»0,«6tl
i!li,4«l.H92
82,184.397
33,847 917
27.610.186
23,2<5,U04
84.0^4.384
42 15-18
49H
*0H
4
P8^
4
9iii
i^ejfid.
187,600 oOO
4
61 15-18
26 5-16d
200,086.000
52 is-iod.
16tf908.OOu
aa follows
:
(nt«r«it •<!««• ti
Optn Market Batet.
e
l:J,
*
88,92.'<
money have been
1901.
Nov.
12.
I
fordepotittbt
CS
London
Iradt Bull
Bank BiU$.
•<
e
Month*.
S
05
Month*
4
"
2
21 3
"
28 3
Nov. 4 3
'
11 3
a
Mo*.
Ht't fl'».
At
Mo*. Banh
4
7-14
Dav$
'all
~8
2«®2«
2«®2H
Oot."l4 8
Month*.
a
Join,
3toet
~i«
7-ie@2W 2 7-16@2>^
2«
8
2%®3
8
8)4
IH
3M®3H
lit
IH
IM
IK
lu
lit
2Ti®3
8®8H
8®3H
3
3
2%®2 6-ie
The Bank
and open market rates at the
rate of discount
chief Continental cities have been as follows
Nov.
Nov.
12.
IH
:
Oct. 29.
8.
Oct, 2t.
Rat**6t
Intereit at
Bank
09tn
Rati. Marks
Bank
"29-76
Pgrlg
3
2 9-16
8
Berlin
5
4
6
asmbnrR
6
6
4
Prankfort
4
imiterdam
3
2%
Srastelf
8
nom,
Peterfbnr«..
4»
Uadrld
Cooenhaeen.
..
Meiers. Pixlev
November
&
Oven
8
6
5
6
8
8
3
3
99i
8
Bank
~Bjr
S
5
5
6
8
3
an
5H
SH
nom
6^
2H
SH
an
3
*H
*H
iH
6
Optn
Rat*. Mark*t
aoa.
8%
8M
noir.
3
3
iH
8^
4J4
i\i
4«
iH
iH
4H
Abell wrlie aa followa under date of
3
iii
Bank
Rate. Market
iH
iH
iH
3«
5«
04
3%
7lenna
St.
Oren
Bate. Markt
10. 1904:
Odd—The demand for Berlin has oontinael to dnorease and no
more has left the Bank for Oermanv. Pr<>Bent IndioatlODS point to
lower rates durlDjr the next week. Withdrawal* to a total of JitSS.OOO have taken place since our last, of which South Am*'rloa takes
£240,000 and Egypt *200,000 There have be^n no arrivals there.
For the week— Arrivals: Booth Africa, £1"0,000: Bmnhav, £122,-
West Africa, £20,o00; Brazil, £6,0 0; tota',
Shipments: Gibraltar, £l,'S,0n0; Bomb>«y, £47,' 00; Oolomho, £2,500; Calcutta, £10,000; toSal, £ "4..">00. For month of Ootober-Arrivaie: France, £5,000; West Africa, £'?4,'^< 0; South America, £*1,000; South Africa, £1,065,000; India, «1, 538,000; +<»rmanj',
£1,000. ShipraeDts: France, £138,000; 8i)uth Amt-rloa, £372,000;
India, £^29,000; Egypr, £1,360,000; Germiuy, £3.74.'i.000,
Mlver— ihe quotation for spot silver fell sharply on the 4th Inst to
26?»d,bntas supplies have been limited, owing to America selUnu
very sparlnf^ly, the market has since been a firm one with no special
featare about it, and closes steady at 267gd. for Immediate delivery.
Forward silver has been quoted Hd. under spot, th')UKh yesterday the
dl£farence shortened to s,gd. The Indian price 1h Rs tf8i« per lOo tolahs. For the week Arrivals: New York: £107,000; Aussralia. £10,000; toral, £117,000, Shipments: Bomba?, £185.000; ()alou(ta.£96,800; total, £J2l,S00. For month of October- Arrlva's: Oermany,
£5,000; France. £4,000; U, 8. A., £479.000. Shipments: Germany,
£13.000; France. £82.000; India. £551.000,
Mexican Dollars—There are buyers at the quotation, but there are
none on offer. Shipments: Calcutta, £33,600.
The quotations for bullion are reported as follows:
000; Australia, £41,000;
£359,00'>.
Gold.
Nov.
London Standard.
10,
s.
Bir gold,
fine
oz.
d.
77 11
U 8. Koldcoin...oz. 76 6
Qerm'n gold ooin.oz. •76 6
French gold coin. cz. *76 6
oz. *76 6
Japanese yen
*
Nominal.
Nov
'•
s.
Silver.
London Standard.
yov.
10
d
d.
78
Bar
silver, flue. . .oz
Do
76 7
2 mo. delivery
•76 514 Bar silver.oontain'K
*76 6
z. 27S8
6 grs. gold
*76 5
4 grs gold ...oz.
he
oz 57
3 grs. gold
Cake tilver
oz
Mexican dollars.cz. *.578
'
—
<
yov.
3
d.
2616,g
26llig
277i8
-57I4
?8iAi«
2579
The following shows the imports of cereal produce into
the United Kmgdom during the ten weeks of the aeaaon
compared with previous seasons
IMPORTS.
1903-4
1902-3.
1901-5.
19013.
Imp'tsof wheat, owt.22,428,400 19,183.409 18,283 566 12.368.100
8,4-0416
6,2fi6,800
9,644,661
Barley
6,9 26 900
2,608.2«7
8,783 148
4,037 100
2,588,400
Oats
339.2 28
471.676
691.149
373,900
Peas
657.385
643,233
661,300
418,301
Beans
6,845,824
8.416,900
10.289,100
12,188,908
Indian corn
4,134,254
3,693,600
2,282,800
4,631.098
Flour
:
1
.
Nov.
THE CHRONICLE.
26, 19U4.J
Supplies available for consumption
on September
(exolnsive of stock
1):
1903-4
1904-5.
1902-8.
1901-2.
Wheat Imported, o\rt.22.428.400 19,188,409 18,283.566 12,368.100
4,631.098
4,122,435
4,134.254
4,968,091
3,593 600
6,384,053
Total
28.333,347 27,936,942
Aver.prlce wheat, week.30B. 6d.
26s. 4d.
Average price, season.SOs. Id
27s. 3d.
27,375,911
22,345,753
Imports of flour
2.<^62.800
bomegrown. 8,742,147
soles of
The following shows the
Id.
Od.
25s.
26s.
170.000
175,000
I,040.oft0
1.180, '^oo
Flonr, equal to qrs.
qrs.
1903
1902-3.
2,025,000
333,000
650.000
4.
970.OOO
—
The
Breadstnffs Figares Broaght from Page 2483.
statements 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 Nov. 19
and since Aug. 1, for each of the last three years have been:
Receipt*
at—
Uilwankee
Dnluth
Cafcle.
158,400
Detroit
Sliver,
per ounce
d.
26 '8
Oonsols.,new, 2i« p. ots
88»e
88I4
For account
Fr'oh rentes (In Paris) f r. 98-60
87i«
Spanish 48
6ie
Anaconda Mining
Atch. Top.
Santa Fe. 88^6
i06
Preferred
&
99 \
Baltimore &, Ohio
Preferred
Ccmadian Paclfle
Chesapeake &, Ohio
Ohio. Great Western...
Preferred
Kat. RB.ofMex.,lstpf.
lOOJa
961a
51 79
26
22
106 >a
1371a
5218
251a
179Ja
381a
881a
I36I4
I36I4
136%
60%
50 la
241a
1771a
177%
5078
2512
178
75
56
78%
97
26
178%
34
881a
40%
40%
74''e
551a
158i«
143
23
...
18.401
2S.093|
118.906^
. .
63.8S0
488,384
154,705
272,700
9,139
86,000
......
22,660
89,100
Eanias
.
70
38%
2d preferred*
Southern Pacific
Southern Railw., com..
4114
4II4
69I4
961a
IZlia
70i«
891s
45
41
45
36''8
69%
36%
Preferred
69
86 Bg
98
98
98
Union Pacific
1171a
11878
97
97
119B8
971a
2878
Wabash
Preferred
D ebenture "B".* Price per share.
28I4
901a
2778
8978
24ie
48i«
25
7m
'
691a
89
45
41
36%
I4
97»fl
93 14
.
,.
24
47
70
461a
BeeeipU ofFloor.
Wbeat
a-a
1»4
1=>4
1H»
U
U
Deo
Deo
Deo 10
Deo 7
Holders
S locks.
N.Y
100
40 Otis Elevator Co., com.. 45
c 00 Equitable Trust Co. of
New LondOD,ronD.$2 per sh.
1
10
V5
150
S30
N J.
Zlno Co. A Cgp^Qo sor.270
Clinton Hall Assuo'n
51
Manhattan Brans Co
53
loal & Iron Nat. Banti..l90i4
Westchester Fire Iu8.Co.400
Nassau Oo. G^sCo
301 lot
15 Uriterl Nat Bank
95
10 Realty Aspocutes
137ia
27 Amer. Exch. Nat Bank.274ia
28 Fr Wayne&Jack.RRCo. 10
2 Woodiawn Cem'y.$154per sh.
6 Liwyers' Mtge Co
.193
10 Broadway rrust Co
169%
19 Lou HBn.& St. Louis RR.
Co.,
common
22
Bonds,
$36,000 Terre
RR
H A
Logans.
Oo. 68. 1910. J&J
IIOI4
$10,000 Jersey Oltv 6s water
bonds, 190», F&A...10738<kint.
$10,000 Cum.
386.111
586,5 J4
2,400,844
5s,
3
to
Jan
1
S
Deo 1
No\ 19
Novaa
Nov 22
Deo
Deo
1
1
Nov 23
Dec
to
to
Jan
to
to
to
to
of reo.
Deo
Deo
Dec
Deo
Deo
St.
Louis
J«D
$10,000 Jersey
58. 1933. MAS
Clr.v
2
Ist
4s,
1041a &lnt.
Oity assess
&lnt.
$3,000 Deutsoher Vereln of
63
N. Y. Oltyfts 1911
¥1.000 Deutsoher Vereln re$66Iot
deenaable Borlp
> «« ,_<.
$975 Araer. Pire In j. Co. so. ^""i"*
$410 L
I.
JAD
94
$3,000 North Penn. Gas Oo.
1st 5b, 1933
...$L0 per bond
$77,000 Gas & E Oo. of Bergen Co. 20 yr. d-bs., l'»20.. 75
$8,000 Gas & Electric Co. of
Bergen Co. cons. 58, 19 19-. 97^
$5,000 Na5. Novelty Oorp Int
.
68, 193J,
J&J
96
19,749
104.413
"^01.817
440,076
73.118
lOSfiM 38,226
Orleans for foreign
1,119.376
1,506,164
bush. 86.836.910
46,862,908
91.628.960
98.886.406
47.ti68.H»6
"
6.686,678
l,0u4,807
S.' 89,081
Bye
"
i8T.ee9,7eo
compare as
<
1901'
80,807,028
1908
19.519.839
146,110,191
102.863 516
3,780,274
183,286,884
16.687.133
46.414.877
8,016,049
4.717,017
me9i,6&3
ioT,ioo,496
3S»,B8i,e6i
66,671200
4,803.940
3.677,716
Osrn,
k««k.
bb<«.
0at«.
bush.
20.532
40.781
84,952
417
18,078
13,161
80.816
2.^86
14,061
17.949
Flour.
1,400
6.462
6.753
17,160
68,687
.
Aontraal
218,260
A int.
ftat, BarUy
JBue,
kush.
8,560
190.761
"'300
'ib
100,770
06
MlVMton
Total WMk.. 878.201
185.383
85.887
8,650 802,830
121.361
"
'
Sam* time '08.1,9U5,843 1,672,013 33J,293
,696
81,879
71,911
TiBO destination of these exports for the week and since
July 1, 1904, ii as below:
J%kl\ 1
.fiour.
0.
1.1004.
f—
AmariM.
OtallOOS-08....
I, 1904,
bvli
264,860
865.806
416.481
20,088
130.4U6
126326
Bint* July
bbl«
28,641
278.201
6,4)19,781 l,0Ub.84»
2,652.748
880,263
-0»m,Weeh Bins* J«iv
-n
Wt*h
Nov. 10
1.282,088
539,237
fait Indl«i...»«
«i.ll.Am.Oolo'i
'thar aovatrlai
Total
Wheat.
.
Week Sine* July
initad Kmgdoa
Jantlnant
~
10.093,492
26,410,e8V
5,691,698
85,162.033
The visible supply of grain, comprising the stocks In
ranary at the principal points of accumulation at lake and
fiaboard ports, Nov. 19, 1904, was as follows:
In
store
at—
New lork
Do
afloat...
^,
roronto...
,,
avSaio
Oo
U.LOBii
208 000
i'/s.o'do
86^.000
I6.r00
2,867,000
7,000
24,000
498,000
a<)S,<Hi0
317,000
AVI.
hush.
aarlst
hush.
181,000
28S.O0t>
•
••
-
9.000
361,000
79.000
174,000
637,000
Oo'i
CsniaiOltr
Lakes
laaanaland rival.
Not. 19,
Nov. 12.
Nov. 21.
Nov. 2d,
ToUl Not. 23
1904,
1,160,000
304.UU0
990,000
78 000
1,076,000
13,000
4,000
^.ooo
68.006
683,000
87.000
811,000
1,673,000
205.000
6,249.000
409,006
'18,000
664,000
6,000
697,000
18.000
888,000
2,»S1.00C
l,581,0oo
4,864.000
8.260.OOO
204,000
1,100,000
s.nss.ooo
8.287,000
8,000
6.776,01)6
1,12(1,000
1«7,000
7,000
00S.00O
34.000
••••
afloat
Paoria
(n«ianapoltf
>a Miisliiippi Bl var.
Total
Total
Total
Total
],107,000
as.ooo
195.000
afloat
ninnaapoiii
•
'86,066
afloat
Dalath
^
40,000
'
1,383, 100
afloat......
Port WUIlam
Port Artliar
Do
k«*k.
2'4'2
afloat
<tlwaiikaa
afloat
_ oo
Oo
Otl*,
httsh.
afloat..
Toledo
Do
OairoU
Do
aiaago
Oo
Otrn,
kttikt
37,'00
79 000
Pkllaaalphla......
Baltimore.
Haw Oriaant......
jiaivaston
Hoatraal
Wheat,
692.000
Boston
Fire Ins. Oo. scr
$^.000 Montolair Wat. Oo.6b. 97i«
$2,000 BnfT. & 8uoq. Iron Co.
ist.'is. 19.^2,
....
42.W0.162
2
15
16
20
14
10
:
1 I2>fl
17,981
48.187
2,600
"26.660
•*
*
192l,M&N, guaran. by
lUia
Od
1914,
6.753
31.600
66,700
35,600
1903.
19,197,035
{fclladvlphla.
Oonsol. Ooai
$50,000
10.1 lO
9liM7 ~369.1S6
lottos
Deo
Jan
& Pa RR.
41.469
80,476
33,014
Whmt,
Bonds,
10 Hanover Nat. Bank
540
15 First Nat. Bk. of Walton,
106,205
4,000
666.089
Mawgrts from— huth.
^•WTork.. .. 28,041
'ortiana, M*.
30.000
to
& Son
Auction Sales- Hy Messrs, Adrian H. Mailer
18.000
"
"
Bxfrtt fr
<{n«
Deo
Deo
Deo
Dec
Jan
00.098
1004.
bbls. 16,824.064
Total gram ...^
Books Closed.
(Days Inclusive.)
to
4',o66
yi,7l2
Theezporti from the ieveral seaboard portt fox the week
eadlng Nov. 19, 1904. are ahown in the annexed statement:
70
of reo.
»Mll
318.800
6,868
Oats
Barley
Com
231a
471a
to
of reo.
of reo
of reo.
to
JBarUt,
• •Ik.
031.400
98.031
14.eei
11,780
.
.,
week
•j«k •n4
.
9
'50.716
'
am
kuifc
31.600
19,065
ollows for four years:
2916
to
Oats,
osrm,
* Reoelpti do not Inolnde grain passing throagh New
oons on thronsh bills of ladlns.
Total reoeipta at porti from Jan. 1 to Nov. 19
91%
Boston <ft Lowell
4 Jan
3 Nov 27
Boston Bevere Beach & Lynn
1
Jan
2 Deo 16
Street Itailways.
Presidio «fe Femes, San Fran (mthly.) 200. Nov 16
South BWe Kiev., Chicago (quar.)
1
Deo 31 Deo 21
Miscellaneous.
Alabama Con uo*! <fel ,pf.(qu )(Mo.20) 134 Deo
Nov 23
American Soda Fountain. Isi pref
Holders
6 Nov
American Waltham Watch
4 Deo
Holders
do
do
do (extra)
2
Deo
Holders
Associated Merchants, com. (quar.)
Dec
Nov 26
do
do
com (extra)....
Deo
Nov 26
Calamet & Heoia Mining (quar.)
Holders
$10 Deo
Greene Consolidated Copper
Deo
4
Deo 11
International Paper, pref. (quar.)
Deo
Deo 16
for
171.100
31,784
38.000
17.918
64,162
26.454
65
11778
24
.
Orleans*..
Total
98
11838
885.780
S31,8>7
311,770
Whtat,
Week 1803
Railroads (Steam).
1
l,873.68l'
231a
3678
97ifl
28
New
GPommtrclal and W^xsccll^nzous'^cxos
Laclede Qas Light, com (quar. )
do
do
do pref
Railway Steel Spring, pret. (quar.) ...
Bubber Goods Mtg pf (qu ) (No. 23).
United States Leather, prel. (quar.)...
8,417,318
Galveston
Montreal
28>«
931a
When
1,851,288
2,177,424
143,880
80,701
.
VswOrlMns
Per
3.216,608
8,080,600
73%
54%
97
Cent Payable
2,743,789
8,204,295
8,111,116
3958
41
68 14
681a
....
taitimor*
Company.
3,461,001
at—
a«W«'rtN«Wi
Ifcune of
7,128,301
8,095,591
8927
7678
961a
120i«
69i«
3914
4514
94
8S%
7H«
138.000
The recfilpta of flour and grain at the seaboard ports
week ended Nov. 19, 1904, foUow:
Baltimore
42
76%
971a
11818
971a
241a
481a
48i«
711a
183,6X
413,100
890
38.326
9,600
6.777,434 106.805,070 46.688,616 74,809.63^ 83.769.870 3,697,467
7,890.218 103.353.7161 68,499 0ei| ei,'<59 595 38.088608 3,171,138
8.48S.097 136.817,633 88.167,872 74,278.259 '^5.458,011 5,019,608
Boston,.
..
Portland. Me ..
Philadelphia...
44ia
1381a
1881a
4138
41
6838
92
Since Aug. 1.
1904
1903
1903
Receipts
8Ma
3478
411a
761a
961a
119
6938
3916
4514
77%
630.133
080,926
680,156
Same wk. '08.
Same wk. '03.
725.000
1,685.700
1.600J
City.
47.078
142%
431a
110,400
78.440,
...
142%
23
35
65
45
138
1394
69,000,
Richmond
Newport News,
141%
65 >a
46
39
45 14
73%
803.611
46a,810
117.456
196.5H0
New York
33
87 ^
143%
3508
69''a
87
39 la
15a
66
46
Phlla.
Reading*
Ist preferred*
821a
811a
831a
1531a
36>a
I3914
4308
7714
961a
1201a
32%
33,100|
a7,6»0,
96i«
24%
876,200
116.600
the
64i«
153
06
45i«
107
99
9876
55
153
24
Pennsylvania
Preferred
U. 8. Steel Corp., com..
Preferred
.FW.
105 >a
98 14
961a
351a
N. Y. Cent. & Hudson.. 139%
N. Y. Ontario & West-. 4388
Norfolk & Western
7788
Preferred
961a
Northern Securities
121
&
106 »«
100 14
106 la
137%
&
Mexican Central .......
Mo. Kan. & Tex., com..
TKurs.
2714
37
27^^
37H
88I4
88I4
88i«
88ie
881,6
8818
886,.
888,8
885ia
888ie
93-55 98-40 98-05 98-50 9d-45
88I4
88
871a
6i«
67,
6»4
578
6
9138
8808
8938
8939
9114
51%
<k 86.
Wed.
Tuet.
"271^
961a
iSS^e
Paul... 178
Den. & Rio Or., com.... 34>fl
Preferred
89
Erie, common
4038
.,
let preferred......... 7538
2d preferred
56
Illinois Oen tral
153
Louisville
Nashville. 142%
Ohio. Mil.
Mon.
8aU
1,837.700
S7,0i0
8,037,400J
114,950,
6.600
......
LouU
Peoria
BarUy.
Oati.
841.179|
Toledo
Tot. wk. 1904
LONDOH.
530,519
378,506
Minneapolis.
St.
The daily closing quotations for securities, etc., at London
are reported by cable as follows for the week eodlag Nov. 25:
.
Corn.
BusKOO lh> Buih.5a lbs Bueh.SZ lb
177,287
93.160
Cblcago
Cleveland
Enellsb Financial Ilarkets— Per
Wheat.
JHour,
BI>il.lBeibi
Od
:
1,540,000
315,000
2437
6d.
26s.
26b.
quantities of wheat, flonr and
maize afloat to the CTnited Kingdom
TM§ week, La$l week.
2.545,O0O
Wheat
qrs. 2.665.000
Maize
..
.
19U«
1.971.000
"a'8.066
li.ooo
67,000
3.000
830 000
1,029000
's'o'i,o66
17,000
669 000
668,000
40.000
264.000
738,000
767,000
83.19M.000
.81.802.000
1.493.000
2.276.000
6,116.000
8,eH7.000
11,164.000
24.824,000
21,761.000
9.80H.000
7.057.000
0,498.000
1.028.000
1.776.000
1.33 rOOO
1.454.000
a,oiH.ooo
6.611.000
6.782.000
6,666.000
3.616.000
8,670 000
• - • •
• •
1008. ai«,472.000
1902. 41.781,000
1901. ,.48.912,000
.
i'aV.ooo
1.5 <8 000
47000
8OO.0OC
5
THE CHRONICLE.
2438
New York City Clearing House BanliB.—Statement of
condition for the week ending Nov. 19, 1S)04, based on averago of daily results.
We omit two eiphert (00) in all ease*.
[Vol. Lxiix.
New York
City, Boston and Philadelphia Banks.— Below
a summary of the weekly returns of the Clearing House
Banks of New York City, Boston and Philadelphia. The New
York figiires do not include results for non-member banks.
is
We omit two
Capital d-
BANKa
Surplus.
Capital.
BpecU.
Loans.
Legale.
f
Deposits Re.
BANKS Surp lus.
ciphers (00) in all these figures.
Loans.
Legale.
Specie.
Deposits,
Circu.-
Clearings.
lalion-
t
s've.
Bk.of N. Y.
Mauliat. Co.
Mi'icliaats'
M''chauiOB'.
Aiiionca
Phoenix
...
City
Chemical ..
Merch. Kx .
(iallatm
But. & Drov
Mech.&Tra.
Greenwich.
Amer.Excli.
Commerce..
Mercantile.
2.000,0
2,050,0
2,000,0
3.000,0
1.500,0
1,000,0
26,000,0
300,0
600,0
1,000,0
300,0
70U,0
500,0
5,000,0
25,000,0
3,000,0
4-22,7
Paoitic
Cliatham
...
...
People's
N. America
HanoTer
...
'Irvinj?
Citizens'
..
Nassau ....
Mar.& Fult.
Shoe&Lthr.
Corn Exch .
Oriental
...
Imp. & Trail
Park
East River
Fourth
Second
First
N.Y.Nt.Kx.
Bowery
...
N. Y. Co...
German Am
Chase
FltthAve..
German Ex.
Germiania
Lincoln
..
Garfield....
Filth
Bk. of Met..
west
Side..
Seaboard
..
latN.Eklyn
liiUerty
N.Y.Pr.Ex
Nelr Amat.
Astor
$
$
••y
450,0
200,0
2,000,0
3,000,0
1,000,0
2,550,0
600,0
1,000,0
1,000,0
2,000,0
750,0
1,500,0
3,000,0
250,0
8,000.0
300.0
10,000,0
1,000,0
250,0
200,0
760,0
1,000,0
100,0
200,0
200,0
800,0
1,000,0
260,0
1,000,0
200,0
500,0
300,0
1.000,0
1,000,0
6QP.0
3S0,0
$
2,600,5 19,229.0
2,416,6 27,873.0
1.428,9 13.905,3
8,366,8 22,006,0
8,556,4 23,630.2
261,1
8.323.0
17,003,0 174,772.5
7,701,6 27,883.5
6,062,8
375,6
9,542,0
2.233,0
2.131,6
127,6
357,7
4,690,0
539.6
2.724,4
4.139,8 30,252,2
11,667,4 160,559,4
4,484,2 23.492.1
3,160,7
626.0
6,343,8
1,081,3
408.9
2,018.0
2,049,3 16.914,0
6,774,7 61,404,7
0.868,0
1,091,4
697,2 18,128,0
321,4
2,707,9
1,335.9
6.683,9
8,001,3
380,7
3,318,5 27.761,0
1.058,3
7,422,1
6,703,3 24,887,0
7,076,4 73,260,0
1.045.3
134,2
2,999,0 21,138,6
9.539.0
1.460,2
14,828,0 106,924,7
7.845,5
874,7
3,235,0
778,4
673,5
4,394,7
4,142,5
617,3
4.180,6 49.461,1
9,880,3
1,785.4
2.591.7
682.7
2.737.1
878,3
1,396,6 13,248,1
7.698,3
1,306,3
396,0
2,547,0
8,568,0
1,456,3
3,726,0
628,9
1,431,4 15,520,0
596,2
3.708,0
1,948,4 11,205,1
518,3
6,265,6
6.991.9
661,1
582,0
4,721,0
$
.$
P.C.
2,619,0 2,050,0 18,475,0 26-2
6,507,0 2,164.0 33,109,0 26-1
2.942,1 1.314.7 17.046,6 24-9
8,885,0 1.592,0 22,872.0 23-9
4,709,1 2,841,4 20.446,9 26-6
210,0
8,016,0 32-2
763,0
84,079,9 8,0 -ICO 168,451,8 25-0
6,669,8 1,747,2 28,818.(» 29-2
695,5
6,589,7 25-0
1,057.8
631,7
7,713,1 25-1
1,406,9
33,9
2,417,7 19-3
433,4
663,0
6,325,0 2-1-0
719,0
498,9
2,826,7 37-8
670,8
4,460,4 1,829,1 23,529,4 26-V
27,332,6 11,577,3 150,561,6 26-8
4,111,6 1,271,9 20,78(3,2 25-8
300,2
4,101,1 22-1
518,4
8i0.8
0,4(39,4 26-6
844,8
346,5
2,768,3 29-5
471,1
2,238,0 1,912,8 16.152,6 25-6
14,112,7 3,872,5 64,657,5 27-9
317,9
6,525,0 26-V
1,428.9
4,632,3 1,148,6 22.282,7 25-9
4S7,6
3,304.3 22-7
265,4
766,8
7.013,0 30-5
1,375.4
384,6
9,667,8 24-4
1,956,3
5,017,0 3,732,0 34,017,0 2.^-V
393,6
7,538,2 24-9
1.485,9
4,272,0 1,329,0 22,312,0 26-1
16,678,0 6,570,0 86,129,0 26-1
206,7
353,0
1,509,9 37
4,007,4 2,091,9 24,001,0 •25-4
1,114,0 1,673,0 10,409,0 26-V
24,714,8 2,244,5 105,827,0 26-4
452.3
7.330,2 26-5
1,493,6
379.0
3,716,0 21-0
420,0
459,0
5,432,6 25-3
917,0
242,3
4,100,5 23-8
73(5,3
13,692,3 1,768,0 59,70(5,4 26-8
283,0 10,492,1 26-6
2,511,9
696,4
3,510,6 26-7
210,0
745,8
436,2
6,384,8 21-9
2,036,5 1,412.4 14,365,1 24-2
321.6
7,979,4 25
1,680,4
4.79,4
159,3
2,617,0 24-6
469,6 10,083,0 24:-6
2,079,8
621,0
343,0
4,023,0 23-9
3,104,0 1,491,0 18,355,0 •25-0
784,0 1,037.0
4,408,0 40-1
249,0
9,684,1 24-2
2,076,6
980,6
3b6.9
6,633,5 23-9
612,9
988,0
6,871,9 21-8
069,0
167,0
4,656,0 24-4
Total... 115,972,7 135,187,7 11127107 223,918,4 75,640,7 11598776 26-8
t
t
Total United States deposits included, $23,380,800.
—
Reports of Non-Member Banks. ^The following is the
statement of condition of the non-member Itanks for the
week ending Not. 19, 1904, based on average of daily results.
We omit
two ciphers (00) in all
N. Y.
if
Oct 29 260,616,2 11422866
Nov 6 250.616,2 11398795
Nov 12 250,616,2 11260899
Nov 19 261,160,4 11127107
Bob.
Nov 5
Nov 12
Nov 19
238,360,2 79,642,0 12044342 43,248,9
231.299,8 77,860,7 11(16 1524 42.686.6
226.558.7 70.347.1 11760450 42,318,9
2'23,918.4 76,640,7 1169877G 42,188,6
52,635,4 188,050,0
62,635,4 189,018,0
62,636,4 187,119,0
17,426,0
17,190,0
17.166,0
6,798,0 230.402,0
6,062,0 224.870,0
6,277.0 228,342,0
7,420,0
7,411,0
7,403,0
171,720,4
136,686,0
163.686,7
261,395,0 11,740,0
26-2,374,0 11,730,0
204,194,0 11,674,0
188,440.0
Phila.
Nov 5
Nov 12
Novl»
48,167,1 214,214,0
48,167,1 216,929,0
48,167,1 215,558,0
69,581,0
66,747,0
67,861,0
CapltoL
Surplus.
Loans
^ SpecU.
Jnvest-
mentt.
Deposit with
;
—
Imports and Exports for the Week. The following are
New York for the week ending for dry goods
Nov. 17 and for the week ending for general merchandise
the imports at
Nov. 18
;
week January.
also totals since beginning first
FOREIGN IMPORTS.
Jbr week.
1904.
Dry Goods
General Merchandise
1903.
1902.
Man&Br'nx
$2,394,976
9,470,816
$2,655,541
10,661.130
$13,399,101
$11,866,792
$13,316,671
$9,784,972
$106,702,115 $116,008,392 $111,076,134
General Merchandise 428,312,622 408,939,617 391,988,561
$96,002,161
TotaL
Since Jan.
Columbia
..
14th Street.
Gansevoort.
Hamilton
..
Mt. Morris
Mutual
19tU Ward .
Plaza
Kiverside ..
State
12 th Ward
.
Ward
..
Yorkvllle
..
23d
Fidelity
Jefferson
Century
..
...
Wash. Hgts
Uniletl Xat.
Consol. Nat.
Union ExcU
Chelsea Kx.
Morouyk
9
$
243,1
291,8
116,7
81,9
123,3
118,9
193,0
195,8
246,0
106,6
682,2
114,3
105.4
285,3
122,5
304,0
63,3
135,2
137,7
1,000,0 1,117,2
760,0 517,4
61.1
100,0
$
2,408,9
6,186,0
2,027,1
1,966,4
S.268,5
2,129,0
1.
Total 46 weeks
for one week later will be found
our report of the dry goods trade.
The following is a statement of the exports (exclusive of
specie) from the port of New York to foreign ports for the
week ending Nov. 21 and from January 1 to date.
The imports of dry goods
,
EXPORTS FROM
For the week
Pre-vlouely reported..
Total 46 weeks
NEW YORK FOR THE WBEK.
1904.
1903.
1902.
1901.
$13,423,622
426,971,299
$10,991,258
443,499.132
$12,280,317
424.526,429
$10,622,849
449,078.117
$440,394,921 $464,490,390 $4-36,806.746 $460,200,963
Note.—As the ilgnres of exports as reported by the New York Ctistom
House from week to week frequently show divergence from the monthly
totals, also compiled by tlie Custom House, we shall from time to time adjtut
the totala by adding to or deducting from the amount "previoasly reported."
The foUo-wing table shows the exjwrts and imports of
specie at the port of New York for the week ending Nov. 19
and since Jan. 1, 1904, and for the corresponding periods in
1908 and 1902.
KXPOBTS AND IMPORTS OF SPECIE AT
Agent. Bks.iScc
Great BrltAln
France
.
'2,709,0
1,890,6
3,07'2,0
1,238,4
7,819,0
1,661,0
1,426,4
1,985,0
818,3
2,302,8
745,0
682,6
2,106.3
4,176,2
4,476,1
402,5
91,8
10,2
171.2
116,5
21,9
29,5
176,0
15,4
580,0
39,0
66,6
46,7
12,6
81'2,0
6,7
1'24,4
26,4
13,8
220,1
849,6
137,5
26,2
31.6
21,4
70,6
38,4
218,0
16.9
14,9
206,0
290,8
432,0
190.4
124,7
99,9
404,2
169.4
470,6
409,0
71,7
$
702,6
3,6
30,0
42.1
225,0
65,6
55,6
281,1
.
223,5
80'2,0 1,566,0
247,0
130,0
297.0
58,2
304,9
35,6
117,0
91,5
45 '2,
801,8
60.8
278.7
286^0
6.4
66.2
3,264,2
6,470,0
2,468,3
2,088,2
3,653,7
2,946,4
'2,945,2
2,5 77.1
3,416,0
1,484,9
9,900,0
2,178,0
1,926,1
2,641.6
797,2
2,376,7
709,1
683,1
1.221.1
26,0
•2,796,4
36,9
6,079,6
467,4
o)
Brooklyn.
Broadway
2,262*4
1,699,8
887,0
161,3
685,4
407,2
...
160,0
800,0
252,0
500,0
100,0
300,0
800,0
100,0
100,0
100,0
200,0
200,0
100,0
200,0
63,3
760,8
698,3
162,2
184,7
89.6
246,4
116,0
84.4
91,8
7,305,6
1,216,0
5,664,0
3,290,0
1,030,2
1,656,2
682.3
1,275,0
1,166,0
808.8
1,807,4
Boroui/h 0/
Hickniond.
l8tNat.,h.I.
100,0
115,6
827,2
65,8
400,0 1,082,3
3,969,0
184,2
250,0
250,0
200,0
060,9
261,9
294,4
2,240,5
1,266,2
1,410,6
74,9
69,2
43,6
70,5
16,9
68,5
218,7
211,4
608,6
69,5
21,2
110,0
125,0
5.'?8,2
2,436,9
1,263,9
19S.2
29,0
24,6
241,1
60,6
979.9
Brooklyn
.
..
Mtrs.'Nat..
Mecliaiiics'
Merchants'.
Nassau Nat
Nat. City
..
North Side.
Peoples
17 th
Ward
.
SprasuoNat
union
Wallabout
Borou.t;h
.
3,'290,8
108.4
325,6
204.S
13,0
197,0
133,0
17,8
62,3
12,6
134,0
45,3
55,5
22,1
360,0
59,7
801.2
123,2
699,5
643,7 1,295,9
93,8
217.2
817,0 607,0
376,0 514,0
83,2
40,9
140,5
52,3
69.8
87,1
26,0
197,0
90,6
158,6
33,0
30,2
11'2,2
147,3
39,9
122,4
61.2
94,5
37.1
28,0
128,0
20-2,1
152,6
60.5
36,0
455,1
86,6
20,6
2,513,8
1,984,1
4,089,6
0,305,3
1,475,0
6,098,0
3,889,0
1,330,9
1,767,8
741,7
1.388,0
1,618,6
841,4
1,882,5
Hudson Co
National
.
Second .Vat.
Third Nat..
IIOnOKEN.
First Niit...
Second Nat.
160,7
46,4
Tot.NovlO 102370 123630 1009188 4,541,2
Tot.
Tot.
NEW YOBK
Week.
........
Mexico
South America
1.
Week.
Sine* Jan. 1.
$21,667,979
$3,393,206 61,271.934
$2,063,978
2,710,t»78
1.633,993
4,036,io6
2,000
13,2731231
1,624,995
4.150,515
3,042
All other countries
Total 1904
Total 1903
Total 1902
IXPORTS.
Since Jan.
$7,431,306 $91,991,696
26,575
33,049,018
248,950 26,702,880
978,164
101,949
983,941
137,167
966
8,862
3.506
$14,575
405,373
$8,699,167
7.236.020
0,781,494
'$4; 173
9,185
10,511
181 028
1,864.'261
SUver.
Great Britain
France
$282,734 $80,166,666
1,696,369
25,800
"1,190
207,883
Germany
We.st Indies
Mexico
South America
48, '500
1,399,826
11,381
All other conntriee
Total 1904
Total 1903
Total 1902
$283,924 $33,456,514
747,732
27,984,230
748.355 30.46i3.747
$535
2,465
11,313
879
485 068
246.481
48.053
)}il8,830
$959 860
1,545
1,454 821
44.568
1,1'23.059
Of the above imports for the week in 1904, 83,505 were
American gold coin and §879 American silver coin. Of the
exports during the same time, $4,038,100 were American gold
were American silver coin.
com and §
Auction Sales.
—See page preceding.
gatiliitxg
and
IJiixancial.
Spencer Trask
&
Co.
Monthly Descriptive List of Hiorh-Grade
INVESTMENT BONDS.
10.0
146,6
828,1
Jersey City
First Nat...
Gold.
icBank CleaVg Other Deposits
2iO,7
201,0
107,2
135,6
121,7
107,4
286,9
212,6
163,0
99,0
290,0
211,0
149,4
313,3
49,3
'398,281.804
$535,014,737 $524,948,009 $503,064,695 $493,283,965
in
Net
$
66.8
$2,133,207
7,651.765
Dry Goods
Germany ................
West Indies
100.0
800,0
100,0
200,0
200,0
250,0
200,0
200,0
100,0
100,0
100,0
200,0
100,0
100,0
200,0
400,0
100,0
100,0
1,000.0
1901.
$2,055,988
11,343,163
i
N. Y. CITY.
Boroughs of
Colonial
132,126.»
case*.
Lea. T.
Notes.
114,6(<7,6
t Including for Boston and Philadelphia the Item " due to other banks."
and also Government deposits. For Boston these Government deposlta
amounted on Nov. 19 to $3,766,000 on Nov. 12 to $3,761,000.
Exports.
RA'N"K's
OOb omitted.
$
1,931,650,0
1,938.740,3
1,614.801.71
2.184,204,7
Novl2 102370 122796 1011812
Nov 6 102370 122790 1005353
294,4 1,824.0 1,266.0
4,9
74,4
6,171,6
1,870,7
1,163,1
1,920,6
3,306,3
1,218,2
135749 7,760,7 1160835
137199 7,4(56 9 11.->654S
1,475,8 5,080,7 141881 7,863,0 1156940
6,0.50,5
4,44(3.3 (5.0(59, -
Transact a §;eneral banl<ing business and execute
stock and bond orders upon the
New Yorl< Stock Exchange.
Branch Office, Albany, N.Y.
William and Pine Sts., New York.
Moffat
&
White,
Members Hew Yorh Stock Excbanire.
1 NASSAU STKKET, CORNER WALL.
IDoalers iii Investment Securltlei.
TeL 5820^821 CortlandU
Telephone Stocks a Specialty.
No¥.
!^6,
THE CHRONICLE.
1904.1
2439
Rock Island, Mexican Central,
American Tobacco and United States Steel. Dealings in the
latter have been on an enormous scale, while they advanced
For Dividends tet page B437in sympathy with the preferred shares from 89J^ at the close
last week to 95 to-day.
Mexican Central 1st incomes and
WAL,L, STREET. KRIDAY. NOV. 25, 1904.-3 P.M.
Colorado Fuel & Iron convertible 5s have advanced about 2
The Money Market and Financial Situation.— The volume points on an active demand. The Rock Island issues have
of business at the Stock Exchange has been much smaller not held all the gain noted last week;
Wabash debenture Bs
than of late, and the high prices recorded last week have lost nearly 2 points and Peunsylvania convertible 3i^s,
The
reaction
which de- Oregon Short Line participating and Baltimore & Ohio
not uniformly been maintained.
veloped on Tuesday was started by an advance in call loan issues are fractionally lower.
rates to the highest in several months and by engagements
United Stntes Bonds.— Sales of Government bonds are
Perhaps to these iniluences should be
of gold for export
limited to $1,000 3s, coup., 1908-18, at 105. The following
added that operators were facing an impending holiday.
are the daily closing quotations; for yearly range see third
The reaction was of short duration, however, as to-day's page following:
and
market has been strong in all departments
decidedly
low-priced issues, including
(SuzztU.
^auTijers^
Intsrsst Nov.
buoyant in spots, with United States Steel preferred the
Nov.
Nov. Nov. Nov. Nov.
Psrieds
19
31
33
2S
33
34
conspicuous feature.
Other influences than those mentioned are of a more gen- >s,1980
registered Q— Jan *104H lOiHi *104Js *104Ja
*104'9
coupon Q— Jan •104 13 *104>t •104 Vj *104>9
* 104 Is
eral character, and a broad view of Ihe situation reveals ts, 1980
Ss, 1930,8maJ.regi8tered
nothing of importance that is new. The favorable indus- Ss, 1930, small
coupon
registered Q— Feb *i04H> •ioiia •ibiia •ibii^
trial outlook and unusually easy money market have con- (8, 1918
*rP4>s
oonpon Q— Feb *10iH 106 *104"a *104>9
Ss, 1913
i
tinued to be dominant factors in the upward movement of S8,1918,
M •104 If
small.reglstered Q— Feb
prices this week, as heretofore. Call-loan rates touched 4 per Ss, 1918, small
coupon Q-Feb *ib4'«
*ib4>« •i04J*
•iciii
registered Q— Jan 'IO6V1 *106>« -106>« '1P6>«
cent on Tuesday and have been quoted at SJ^ to-day, but a is, 1907
H •loek
*108i«
coupon Q— Jan '106>« *106>« •106H •loe"*
is, 1907
large proportion of the actual business has been at a lower is, 1926
registered Q-Feb *180»« *180»« •180>, *130'»
•ISQifl
coupon Q— Feb *180ia 1301a *U0\ *130''8
figure.
Gold exports during the week include $3,862,360 is, 1936
*180't
bid
•Tblila
tne
prloe
at
the
monung
no
board:
was
made.
««u
shipped to Europe and $1,500,000 more sent to Havana to
Railroad and Miscellaneoas Htocks.— The stock market
apply on the Cuban bond purchase.
The open market rates for call loans on the Stock Exchange has been less active than for some time past and in most
during the week on stock and bond collaterals have ranged ca'-es there has been a recession from recent quotations. The
from 2)4, to 4 p. c. To-day's rates on call were 2% to Z% p. c. market continued strong through Monday, although the
Prime commercial paper quoted at 4:^4% P- c. for endorse- transactions were the smallest in several weeks. On Tuesday
there was a decided reaction in prices and the volume of
ments and 4.}4:@4^ p. c. for best single names.
The Bank of England weekly statement on Thursday business was considerably increased by liberal oflferings.
showed a decrease in bullion of £546,571 and the percent- The reaction continued in force during the early part of
age of reserve to liabilities was 50"51, against 51*71 last week, Wednesday, but before the close on that day the tone imthe discount rate remaining unchanged at 3 per cent. The proved under a good demand for a few specific issues, notaBank of France shows an increase of 5,8CO,000 francs in bly Union Pacific, United States Steel and the electric issues.
To-day's market has been more active and sharp advances
gold and 4,875,000 francs in silver,
were made, notably in Delaware & Hudson, Illinois Central,
HUW rOKK OITT OLBAIUNO-HOURE BANKS.
Canadian Pacific and some of the industrial stocks. The
JOiffsr«ne»i
iyo4
1 90S
1909
result of the week's trading is that closing quotations are
from
Nov. 19
Nov. ai
Nov. 22
about evenly divided b tween higher and lower when compared with those of last week.
In the railway list net changes are generally unimportant,
Capital
115,972,700
116 672.70(
100.673,700
Surplus
136,187.700
129,874. 30<
XI 7,667.900
although in some cases fluctuations have been relatively
Loans A discounts 1,112,710.700 Deo 12,379,200 887,234,300 868,217,200
As might be expected, industrial issues have been
Olroulatlon
..
42,188.500 Deo
46,023,10(;
126,400
46,337,700 wide.
Net deposits
Dec 16,167,400
Specie
Legal tenders
223.H1S,400 Deo
76,640,700 Deo
2,640.300
706,400
847,333.400
152,968,900
62,790,800
875.706,100
170,908,000
67,648.600
Beservebeld
ts p. c. ot deposits
299,569,100 Dec
289,969,400 Dee
3,346,700
4,041,860
316,744.700
211,833,360
238,466 500
218,926,625
Surplus reserve
9,689.700 Inc
696,160
3,911,360
19.629,976
'
amted
Stateis deposits Inoladed, against $23,399,300 last
$86,921,700 the corresponding week ol 1903. With these
S23,88I),80O
week and
*l,15e,877,600
United Statesiepoaltselloilnaieil, the surplus reserye would be $16,434,900
on Nov. 19 and $14,744,376 on Nov. 12.
MOTB.— Retarnsof aeoaratebanksappear onthepreoedlngpage.
—
Foreign Exctiangre. The foreign exchange market was
strong early this week, influenced by a good demand for
remittance, but on Wednesday there was a sharp fall, due
to dearer money. Gold exports to Europe $8,862,360.
To-day's (Friday's) nominal rates for sterling exchange
were 4 84J^@4 85 for sixty day and 4 873^@4 88 for sight. Today's (Friday's) actual rates for sterling exchange were
4 8410(34 8420 for long, 4 8690@4 87 for short and 4 8720@
4 8730 for cables.
Commercial on banks, 4 8380@4 8390, and
documents for payment, 4 833/^@4 843?^. Cotton for payment,
4 83i^@4 83)^; cotton for acceptance, 4 8380@4 8390, and
grain for payment, 4 84%@4 843^.
To-day's (Friday's) actual rates for Paris bankers' francs
were 6 \%%@b 18%* for long and 5 16i^t@5 16M* for short.
Germany bankers' marks were 94 15-16@95t for long and
95 9-16(31 95^f for short. Amsterdam bankers' guilders were
40%t@40i^ for long and Mi%@AQ%** for short.
Exchange at Paris on London to-day, 25 f. 15c.; week's
range, 25 f. 16o. high and 25 f. 14c. low.
The week's range for exchange rates follows
-Long.-
-Short.-
3terUng Actual—
High... 4 8425
'9 4 8435
Low. .. 14 P410
® 4 8420
4 8720
I
4 8690
Por<* JBanlurt' lYanet—
High... 16 18V
® 6 18iti
6 16i«
Low...|6l8»4
« 5 18>«*
Ofrmany Bankers' Marks—
High...
Low....
I
I
94i».e
94i»i,
'3
a
a
«
95«^
95»i«
95t
4 87
4 8760
i 8720
5 16'%*
6 16»«*
eie"**
95
-Cables.-
i 8730
-a 951I16
®
96'^1
9
9
i 8765
4 87S0
more irregular.
For daily volume of
busiriess see page £448.
followino: sales have occurred this week of shares not
represented in our detailed list on the pages which follow.
The
STOCKS
Wttie
Wnding Nov. 35
Amer Agrlonl Chem
Amer Beet Sugar
AmerTobac Co (old)
/or
Ssings for WteJt
Bmngs tines Jan.
1.
Week
200 21 Nov22l 21'«Nov22
13 Mar 2II4N0V
700 2478Nov21| 26 Nx>T 9
19 Sep 26 Nor
2C0 148 Noy2^ 148>sNov21 ISOi^Feb 149 Nov
Canadian Pacific rights. 13,900
6«8No»22|
6>«Nov21
5 Oct
6>4Nov
Cent A 80 Amer Teleg..
100 118 Nov2/ 116 Nov22 102>«Ang 116 Not
Denver & Southwest, pf 30(
1
Nov23
1
No^
6 Noy2r
Nov
tf
Electric Storage Battery
400 82 Nov21 82 Nov21
82 Not 82 Not
Seneral CheTmcal, pref..
175 97 Nov21 98 Nov2^
94 Feb 98 Not
Homestake Mining
lU 70>TjNov81| 72 Nov2] 49>aMa) 72 Not
Ill Cent leased lines stk.
18 106 Nov22 106 Nov22 103 Wan 106 Not
Laclede Gas (St. Li.), pf.
100 100 Nov23 00 Nov2>
91 Mar 104 Feb
Nat Gnam & -itftmplng.. 450 22 Not23 23 N<n21
14 Sep 23iaOot
Ontario Silver Mining...
75
4 No^21
4 Nov21
4 Apr
4%Jan
Quicksilver Mining
1,700
2 NovlS
»«J'ne
3>«Nov
2'^Nov21
Preferred
SOO
6>,Nov21
7 Nov21
3V»Nov
7 Nov
pf..
BB
Securities 111 Cent'l
stock trust certificates 1,120
90>«Nov21 91
SOO 186 N0T26 136
Borne Water & Ogdensb.
St Li & San Fran stock tr
otfs for
C& E
800 127 Nov26 181VaNovl9 122
800 107 Nov 23 l''8i<jNo»23 96
111 pref..
United Fruit Co
Vulcan Detlnnlng
Novl9 86 Feb 93 May
Nov25 181 Jan 136 Nov
1
191
8
Nov '9
lOv-NoVi-/
Feb 133 Oct
Feb 112>«J'ne
'^•SiNoT
lOViNov
Ontsule Marfcet.— In the market for unlisted securities
this week more attention was given to the copper stocks than
to any other group.
Greene Consolidated Copper, one of the
many fea'ures, influenced by the increase in dividend rate,
advanced from 2b% to 30 and ended the week at the high
figure.
Operations in Montreal & Boston were far in excess
of those in any other issue; it is estimated that about 210,000
shares changed
hands durini^ the week
the price
rose from 2 to 3. British Columbia Copper moved up
from 6% to 71^, and after a reaction to (>% it recovered at
the close to-day to 7. Tennessee Copper gained % on Saturday to 41, but then became depressed and declined to 36 on
Wednesday. To-day after a reaction to 38 1^ it fell back to
3734^.
United Copper lost 1)4, points to ». Interborough
Rapid Transit made a noteworthy gain from 154^^
to
Northern Securities moved irregularly be167^8.
tween 116 and 118, and closed to-day at 1^!%',
;
Amsterdam Bankers' Quildtrs—
High...
a 40'8
40»n
iO^H •© iO'iet
Low.. ..
iO>«t
9 40»,,
® 40%'*
40H
total
this
transactions
in
stock
for
the
week
"Xess: * lis of 1%. t Im of 1%. t »»i of 1%. Plus H »i, of 1%. *• i«t of 1%.
about
25.000
aggregated, it
estimated,
is
The following were the rates for domestic exchange on have
New york at the under-mentioned cities to-day Savannah, shares. Standard Oil sank 7 points to 623 and ended the
International Mercantile Marine common
buying, 50o, per $1,000 discount; selling, 75c. per $1,000 pre- week at 625.
mium; Charleston, 12J^c. per $1,000 premium: New Orleans, dropped from 1314 to 11 3^, but to-day it recovered to 12;?g
bank, 50c. per |1,000 aiscount; commercial, 75c. per $1,000 and closed at 12i^ the preferred fell from 28''4: to 26i8, but
discount; Chicago, 30c. per $1,000 premium; St. Louis, 30c. to-day it rose to 27^. Havana Tobacco common declined
$1,000 premium; San Francisco, 75c. per $1,000 premium. 21^ points to 35J^, while the preferred lost 3 points to 45.
Greene Consolidated Gold advanced from 10 to ilifl. Rock
State and Railroad Bonds.— Sales of State bonds at the Island new 4s fluctuated between 95 1^ and 96'^; the close
Board are limited to $15,000 Va. 6s deferred trust receipts at 9. to day was at 95^. Japanese new 6s (2d series) were traded
The market for railway bonds has ruled steady to strong in on the "curb" for thp first time on Tuesday, at prices
on transactions aggregating nearly $10,000,000 par value per ranging from 89 to 8K the final sale to-day was at
885^.
day. A large proportion of these transactions was in a few
Outside quotations will be found on page 2448.
I
I
I
I
i
:
;
;
S
New York
—
Exchange— Stock
Stock
STOCJk.-i—HJaU£ST
Monttau
35
37
70
'lift
Si-.'-
•35
H6>4
8(;V
1033el03'H
151
15-.'
'J7's
-S)4
l»7
Of)
151
i:.o
'.
94
94
68 'e 68
•150 l.')9
•157 165
Wednesday
Nov. 32
Nov. 33
>•
"-i
37
70
87 '<
•33
•64
10278 1033^
103
10378
150
1494
14934
8534
9534
94
683.J
••160
'IS?
'H2
7ii
•190
."0
J
50
95 '4
94
il7'-j
9
4
88'-.
i;7
88 '4 88 14
87'-^
67 'f
•64 Si
34 S2
15814 iSBH
159
loft
•190
•190
159
165
•82
874
132 4 1334
'67 4 69
ns9 189
48 7^
•40
•82
130
23^8
15 14
45>(.
46
42
69^,
•330
33
86
•24
333
33 14
86
14
8H1
"-56
74
13»8
26
251^
8'e
23 H;
77'^
13't
26
39
7>4
334
13 "i
13
7 2 '8
73
54
543»
54^4
"62
•62
•83
64
86
210
87
204
*86
191-j
V
14!)
•SOi-j
90 H.
150
31
57 hi 5734
39
'•37
82»4
83'-.
5434
.
208 Si
19^
84I4
"83
90
64
86
212
90
3078
31',
57
•36
83
30 S»
53'8
58
17'-i
89
83 V,
31
100
106
270
39
2134
63
139
168V,
82>s
126
22»t
160
65
98
133
65
•93
«9034
34Si
64
108
143
44
90»4
36»4
643^
109 h
143
'a
4434
243b
24
I35I2I36
41 'g 42 v
•112 118
'74
78
196 "-J 196 "v
/
!
42»8
42\
76 Si
94
77
• 100
105
•80
83
136i4l36»b
•29 Vi 30 H,
•75
80
f
75
•90
•7c
75SJ
•102
;
'
75 >v
104
7t.l4
763,
8734
88
80 H.
-7934
82>ii
'f.
5414
40ki
•61
63
139 139^8
167 '4 163
8I34
82-''^
1244125
221a 233e
150
66
97
92
148
3434 35
6458
64
•134
147i4l47>4
87
'63
•93
•91
108^8 loy's
145 146
4439 4518
115
22
58
35
185
329
•29
53
40
100
270
62
73.
283fc
814
7514
7534
94
77^4
77^4
100
105
'80
83
I36I4I37
•29Si 31
76 80
•75Sj
104
79
105
7618
7638
87
87 '8
'g
36'^
80
80
36 Sj 37 14
83
83>a 86
17
66
66
28 H» 281.^
•7r.
78
•57
68
• 175 183
;
I
•
•16Sj
17S2
•66
60
29
78
28
78
67^
180
,68''b
182
26
26
384
3878
824
210
'203
204
86
90
90
1494
•294 30
14834
56
56
374 374
82 4 834
8338
30
297,
5334
40 4
•39
•95
105
18
61
40
105
270
62 4
•62
63
13778 139
16834
8234
3434
143
4334
7438
94
'76
100
•80
UO
90
5146
135
76
106
83
99
•80
73
75
Do 2d pret
1964 1964 N. Y. N. Haven
4138
74'4
7434
94
•90
•754
•99
•80
1354136*8 1344 13538
•'28
•76
81
80
•29
•76
1354
•29
•76
31
80
734
88
884
80
354
83 4
3634
8434
174
•877g
884
80
36
83
80
35 7g
524
62 4
101
174
•55
59
294 -274 294
754 76 4 7634 77
68
684 67
68
180
180
176
500
76
1,209
Hartt.
Do
12,850
27,697
100
200
100
ailjustnient pref.
Oct 22
1434 Jan 23
30 78 Nov L 7
79 Nov25
26
pref
Piltsb. Cln. Chic.
182
Dec
25
Jau
41
544 Dec 69 Jan
54 Adk 89 7^ Jan
84''8 Anc 1034Jan
106 Dec 126 May
Jau
71-'8Sep 104
82'>4 J'ly
9634 K<^b
29 4 -Sep 714 Feb
121 Nov 150 Feb
140 Sep 160 Feb
llSOgOct 13334 Feb
57 4 Sep 78 4 Jan
163 Oct 190 Jan
Nov 534 Jan
184 Sep 374 Jan
Sep 754 Dec
J'ly 1384 Jan
27 4
60
105
13
295gJan
Aufi
83 4 Sep
63 Oct
24 Sep
9076
Jan
854 Jan
46 7g Feb
1334 Aug 1834 Jan
168 Aug 1944 Jan
153 Sep 2244 Jan
190 Aag 250 Jan
117 J'ly ^62 Jan
5165 Not 194 Jan
8 Aug 197s Jan
15 Sep 36 Jan
May 174Jan
May 5934 Jan
3
30
66
AufT
9939
Dec 119
112
10
Jan
Jau
314Jan
J'ly
444 Aug 72 Jan
Aug 48 Jan
Aug 183 4 Feb
230 J'ly 2764Jan
17
149
43 Feb
Not 904 Feb
Sep 474 Jan
734 Aug 2038 Jan
14 Not 3934 Jan
Oct
18
62
12
Oct
55
1478Novl5
7
28 Si Not14
10
23
4158 Nov 9
74 4 Oct 22
57 Nov 11
UightBl
e3J,Apr
44
J 'ly
Jan
Feb
Feb
Jan
74 Feb
6478 Feb
72 4 Jan
91 Jan
209 Jan
85 Jan
90
Aug
Not
Aug
19 4
29=8
4258
394 J'ly
Novl6 78 Aug
Nov- 160 Oct
864 Nov 18 73 Dec
2034 Novl4
10 Aug 274Jan
864Nov23 63 Sep 1064 Feb
664Jan27
83
218
914Novl6
15234
3;i
Novl
2
Nov 12
5934N0VI4
3734
Novl
834Not19
3178Novl4
6634 Novl
1938Aprl2
52 Apr 12
4158Novl5
i
105 Oct 18
5280 Not15
62 4 Not 12
14134
Novl6
77 Oct 994 Mar
1254J'ly 161 Jan
15 J'ly 48 Jan
304 Oct 77^\ Jan
25 4 Oct 47 4 Jan
62 4 Oct 8234 Feb
16 4 Oct 364 Jan
29 Oct 614 Jan
10 Oct 40 Mar
48 J'ly 555 Apr
23 4 Nov 53 Jau
89 Nov 118 Feb
275 Dec 3344 Jan
49 Dec 83 Jan
95 Sep 1304 Jan
169 4Novl8 1264 S^ep 155 4 Jan
96 4 Aug 11 70 4 J'ly 12878 Jan
13038 Oct 21
99 78 Sep 14278 Jan
8 4 Nov 29
Mar
2358Nov22
150 Nov 19 102 .Ma) 135 Jan
6734 Jan 18 41
Oct 110 Jan
96 4 Sep 16 83 Nov 118 Feb
95 Oct 29 42 Aug 79 4 Feb
150 Oct 29 1094J'ne 1324 Feb
3638 Novl 1
15 4 Oct 304Jan
33 Oct 63 4 Feb
64 79 Nov 1
I097g2s'ovl8
3534
Aug 1157gFeb
85 Oct 133 4 Deo
34 4 Mai 4759 May
17 Nov 284 J'ne
11258 J'ly 156 Jan
19 4 Sep 45 Jan
15 NotII 100 Oct 113 Jan
60 J'nel4 774Not12 50 Sep 87 Jan
51S54Mayl9 199 Oct 21 nS74M»y 2254 Jan
1933 Mar 14 4778 0ct2ii
19 Sep 354 Feb
63 4Harl2 764Not17 5334 Nov 764 Feb
88 May 6 94 Not14 85 Aug 93 4 Feb
51 Feb -24 80 4 Not 3 3934 Sep 72 Jan
95 J'ly26 lol Sep 28 80 J'ly 100 Feb
50 4 Aug 76 Jan
614 Jan 12 3434 Mot
I ll4Marl2 138 4 Oct 31 11034 Not 15758 Jan
15 J'l>- 39 Jan
17 Marl6 31 Nov 17
74 4 J'ne 9 8138 Jan 23 74 J'ly 914Mar
68 May31 79 4Not10 J74 Dec 576 Sep
55 Apr 20 77 Oct 1 4 55 Sep 94 Jan
90 April 105 Sep 15 90 Oct 115 Jan
3334 Marl4 7734 Oct 21
37 4 Not 694 Jan
76 Mar 1 88 •'a Nov 12 73 Sep 3979 Feb
21
5534 Not 81
66-4Feb26 82 Oct
Jan
Novl8
454Nov2i
26 4Nov21
13734 Nov 12
44 '8 Not 12
146
•-:
186,521
*
St, L.
300
Dd
300
pref
76 4 76^3 Reading, vot'g tr. ctfs.. 236,720
88
8S
1st pref. vot. tr. ctfs...
1 ,383
•7934 SO 4
400
2d pref. vot'g tr. ctfs.
3434 3534 Rock Island Company
130,160
83 4 84
23,000
Do pref
100
Rutland, pret
•164 17 4 St. Jo8epii*Qr'd Island.
900
•56
200
60
Do Istpref
500
-27 4 28 4
Do 2d pref
826
774 774 St. L.*S.Fr., Istpref....
6,000
674 63
Do 2d pret
C.*E.I.cora stock tr ctfs
176 1S2
200
8358
17
60
*
N. Y. Ontario & Western
Norfolk * Western
Paollic Coast Co
Do Istpref
Do 2d pref
13578 Pennsylvania
30 Peoria* Eastern
80 Pore Marquette
76
79
105 •103 106
77 14
754 764
80
•16
•57
•28
42
75
94
77
105
83
Do
•754 79
105
pref
"
414
76
343h Mo.
S. P.
43
135
41
120
77
196 4
90
Do
800 1014Feb24
8,900 3434 Feb 25
434
at.ot Mex, non-cum.pf
234 23 4
3,200 1578Feb25
Do 2d pref
Marl2
1344 13534 N. T. Central & Hudson. 12,125 11278 ^"
40
2,900 25 Mayl6
40 4 N. Y. Chic. * St. Louis...
110 120
10l4Mayl2
Do Istpref
135
744
94
78
100
83
& S. S. Mane
Kansas & Texas
Minn.
62 4 63 4
Do pre!
10779 103 4 Missouri Pacific
•140 145 Nash. Chatt. * St. Louis
424 43
23 4 23 4
754
90
146
33^8
10734 10334
444
15,416 13934 Marl2
8,800 72 4Marl4
43.450 10434 Marl 4
6
Apr 23
94,600
100 51194 Feb 1
1,000 40 J'ne 3
80 J'ly29
1,075 66 Jan 4
636 116 May 2
7,300 1458 Feb 24
4,800 32 4 J'ne 1
78,500 87 F©b27
804
etrop. Secur., sub. rec.
12158 1234 Metropolitan Street
224 234 Mexican Central
•135
Michigan Central
63
6434
* St. Louis.
93 98 Minneapolis
Do pref
82
344
62 4 634
144
19 4 Jan "
1 4 J'ne2
234 J'ne2
100
.
3334
624 6378
10734 1095^
644 Feb 2 4 874Not14
1,540
813^
124 1254 12241244
22 4 2358
224 22 '4
136 135
130 150
•64
65
63
63
•94
98
914 92
904 904
14634 148
144 1474
3378
Traction.
1634 1694 Manhattan Elevated...
167416834
81 7„
I
.
634
63
16
47
51
")
.
184 19
864
85
90
7
1
1-
7
Detroit South. vot. tr. ctf.'^ 13,210
28 4
Do pref. vot. tr. ctfs 20,200
2,992 604J'nel6
79 Detroit United
775
5 4 J'ne 3
5134 13 4 Duluth So. Shore & Atl
25
1,650
94 Auglu
25
Do pref
181,3t=5 214Mayl6
38
39 4 Erie
16,4-38 55 'e May31
72
73
Do Istpref
12,500 33 MajlU
52 4 557g
Do 2d pref
•60
64 J'lyl6
64 Evansv. <Sb Terre Haute..
•80
200 72 Feb23
83
Do pret
210 218 Great Northern, pref..
3,550 170 Marl?
70 Angll
Green Bay& W.,deh. ctt.A
19
154 11 J'ue 1
1914
del), ctf. B
Do
May24
2,9i)0 60
86
8'J4 Hocking "Valley
400 77 Marl2
Do pref
21,590 12534 Feb 24
149 4 152
Illinois Central
30
1,500 14 J'ne 4
30
owa Central
1,900 32 Feb25
554 564
Do pref
•37
100 22 4 May 9
40 Kanawha* Michigan..
4,654 64 4 J'ne 1
82 4 823.
C.Ft.S.&M.,tr. cts. pfd
274 293. Kansas City So. vot. tr.
900 16 4 Feb 24
*514 53
Do pief. vot. tr. ctfs. 3,650 31 Feb 29
•16
400 104Janll
18 Keokuk* Des Moines..
•47
45 4 Apr 7
51
Do pref
"400
35 40 Lake
26 Marll
Krie* Western...
*96 102
85 J'nel7
Do pref
*270
45 Nov 1
12
L. Shore * Mich. South'n
*60
300 46 MaylT
62 4 Long Island
Feb23
101
139 1394 Louisville * Nashville.
27,313
64
82 4
214
Nov
Nov
89 Nov2.")
8758 Jan t 104 4NOV25
104 4 Kebl^- 155 4 Nov 15
727, Marl 4 9 ? 4 Nov 12
87*8 Feb 19 96 4 Oct 19
38 Feb 24 70 4 Not 15
1184 Mar 2 160 Oct 3
5135 4J'ne24 165
Oct 3
83 Not 7 89 Aug2;5
109 4 Marl2 13534 Oct 25
64 Apr 251 72 Novl
64
724
524 534
'60
pref.
Chicago Great Western
Do 4 p. c. debentures
Do 5 p. c. pref. "A"..
Do 4 p. c pref. "B"..
Chicago Milw. <fe St. Paul.
Do pref
144 Chicago Union
4S4
Do pref
Year ( iyU3}
Lnoetl
10 1544Feb2<' 19434 XoTl
30.400 2>i4 Marl4 61 Novl8
1,300 33 Jan 15 474 Not 1
500 76 Jan 2 85 4 Jan 2
124 Febll 143 Oct 1
25>4 Xot2
97,290 127eJ-ne
400 804J'lyl3 90 Nov
71 Jan 23
2,200 47 4J'ne
13,920 20 J'ne 6 39 4 Not2
1374Feb24 175 4 Not I
. _
173 Mar 4 18578 Oct 2
3,500 1614Marl4 202 NotI
100 207 Fob 8 234 Oct 25
300 135 Mar22 160 NotI
5165 Apr2^ 187 4 Oct
23,020
5 4Aug31 164Not2
24,225 114Aug31 2734 Nov2
21^50 4 J'lyll 15 4Nov2.
9,600 29 May24 48 4 Not 25
2,700 684ilaylfc 897g]Sfovl200 100 Feb 8 115 Nov23
3,420 134J'ne 1 2438Novl5
4i0 48 J'ne 1 604 Novl"'
1.910 1779 J'ne 7 37 4 Nov 15
7,500 149 Marl2 18D4Novl2
900
2604 Feb 23 334 NovllJ
'"
1,150
18 Marl4 3578Novl4
Do
111.,
34
66
78
13 4
25
500
Chesapeake <& Ohio
Chicago* Alton
pref
Chicago <fc East.
liange lor I^eviout
Highest
25 J'lyll
{4934j'ne h
64 Feb24
28
717,
t
•Iti
317e
8434
•1234
42,950
.
329
7
24 Hj 26 »,
234 247g
135 Sal 36 14 13478 136
13434
4134 42 Si
404 4H4 40
112
112 120 •112 117
'75
*74
77
78
72
I96S2I97I4 1965» 196'i8 5196
42I4
42
40
42
394
•90
364
28
Santa Fe. 218,210
88 Cleve. Cm. Chic. & St. L.
•1134 116
Do pref
224 23 Colorado & So., vot. tnisi
58
58
Do Istpf. vot. tr. cfs
354 35 S.
Do 2d pf vot. tr. ctfs
185 4 187 34 Delaware <fe Hudson
320 330
elaw. Lack. & West'n.
*314 324 Denver* Rio Grande...
85
85 4
Do pref
•24
25
Des Moines & Ft. Dodge
63
7
<&
4,000
40,700
"0
7598,294
8778
ISoS,
28
Arbor
Ann
Do pref
Atch. Topeka
25. '.'40
1334
774 774
138414014
167
LovoeH
150
47
227(,
•24
•174 18
•47
lor Year 191)4
\On Oatis of 100-tti.are Col*
S/iarfu
26 4 2634
144
8434
149 1504
30
30
56 4 664
•37
40
e234
EXCHAXUK
173 174
183 4 1834
Do pref
200 200 Chicago & North Western
231 231
Do pref
155 159 Chic. St. P. Minn. & Ora
•187 195
Do pref
154 1578 Chicago Term '1 Transfer.
47
88
115
314
72 4 733g
55
63
62 4 64 '4
82
82
91
149S2150
84I4
*270
•61
139
167^8
Si's
1243s
443
883
1 12 S;
384 40
208
•89»2
18
51
'
1476
77 Sj 77 S.
13 Sj 13 Si
2634
26
19
85
-47
I
"634
2714
20
20
84
30
30
63^3 54
,*17'u 18
51
•47
*3'.)
40
•100 106
'!
;
\
26 Sj 2634
39 "4 393^
731,
73
39 '4
87
16 V
*n2>.iii5
112 Si
22 >a 23'-.
23
23
•57
58
58
58
?3634 3634
36Vj 37
186 187
185
187
315 334
330 331
•3II3 33
31»4 31 S;
8534 86
86
86
•24
25
25
254
24 Si 28 'p
78^8
78
159
154
273*.
1434
44*4
Hange
01
the
Week
103-'8
884 884
68 4 70
34
394
1874195
27
26 Hj
58 S3
•155
13V
42
26
}361q sek
186'i 18634
200
253.
24^4
23
169
197
13 4
15
87 "n 88\
2434
•86
88 4
07
67
34
35
172 4 17334
*182 183
87'-.
37
67
89
49
4934
•40
45
•83
85
•130 145
24 4 2534
49=8
44
85
145
26 Si 273,
16
89
6n-<p
1434
IftSj
23
'
190
15
•USSjUe
',
'156
13^4
44
'88
,
67-8
Sale!
STOCK
1044
Do pref
150 Atlantic Coast Line BB.
95»8 96 4 Baltimore <& Ohio
94
94
Do pref
67 4 6838 Brooklyn Rapid Transit.
•150 159
Battalo Boch. <& Pittsb'g.
•145 165
Do pref
•82
874 Buffalo & Susqne, prel.
132 7, 1344 / \anadlan Pacific
•68
69 4 V Canada Southern
189 192 Central of New Jersey.
944
150
145
68
33 K
35 ^s 35"h
35
1733< 1743j 172Sj175
IT'J's 174 V
•ls2'-2 183 -. •182Sil83'-. 5183
183
«1974 199
200 201
200 201*4
"6.'.
•34
•64
88 4
'.'6
6'j7g
1.1
85
*180
Hov, 24
37
67
88 4
864
67 •'8 69 -t
150 159
15'J
'157 165
lt>3
87'•82
•82
87''..
87
U4', 134'8l343j 13234 134 '4
70
6i»'8 \i'J\
69
69
l'J3>- -\\<\
192
l'.)3H •191
50
49 '4 5(1 't
50'^
50 \
451-.
45
45
44^3 45 Si
*83
•82
H5
85
85
•130 145
-130 145
145
'24 'a 25 >4
24»8 25«.
'Jo>-
68
STOCKS
XKW YORK
fridav
Xov. 25
Thtirsdi'i
Weekly and Yearly
I'AIJES
itnilroadit.
•35
•65
37
70
•6.')
AUD LOWEST SALS PRJC£S
TMfsdav
..
1
Record, Daily,
TWO
OCCUPVINt;
saturiiny
yov. 19
5
8
6-
..
.
19 4
5734
30
9
35
Marll 3734 Nov 16
Jan 6 85 Nov2
Oct 27
Apr 22 6u
Marl5 18
May 17
60
Jau 8 30
Mar
«
1
39 4 Jan
50 Jau
1
78
6 70
9 183
19 4 Aug
5534 Sep
63^ Jan
Jan
Jaa
7 Oct
15 4 Jan
Nov 1
Not 15 32 Oct 53 Jan
Nov 16 13 Oot 247g Jan
Not 11 68 Aug 83 Feb
Nov 14 39 Dec 73 Feb
Not 16 148 4 Sep 170 J'ly
86
Aug 72
30
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Banks
Bid
Ask
America
11
...
510
mer Exch..
n474
A«ior
Boweryli
775
325
330
Ask
826
Columbia .. 350 400
Commerce... 1 238 t240
1|
340
Ohels-aExol 175
...
4276 4325
<Siemlcal
Oltlzens' CtTJ 165
Bid
530
Buloh'8* Dr 165
Century 1i.... 180
^Ohaae
050
'Ohatliam
Banks
City
307 309
Coal * Iron. tl904
Colonial 11 ... 450
ITBW TORK
175
Consolidated 145
C'mExchgel t3924
Dtsoountll ... 150
East River.. 157 4
Fidelityli .... 180
Fifth Avel)
.3450
.
Fifth
First
300
700
150
160
165
200
3750
Banks
Bid.
UthStreetH. 300
Fourth
228
Gallatin
400
Gansevoortll 140
Oarlleld
500
German Amij 170
German Ex1l 360
Gernianiall .. 590
Greenwich
225
Uarailtonll .. 170
Hanover
t540
Imp 4 Trad. 595
1|
Irving
Bid
Banks
Ask
Ask
236
416
620 550
1150
Liberty
Lincoln
Maiden Lane 105
• Bid and asked prices; UO sales ware luado oil tun lUv. 4 Less tiian 10.) sii
9B*>eat Stock Exchange or at aiio£ion this weeic > I'rast Co. certiilcates.
—
iro.*.
\
Bid
Nassanll
New Amster
New York Co
325
N Y Nat Ex.
2724 New York...
Mauhattanll. 318
Market 4 Fui 262 4
175
270 280
380
Mechanics'
620
Mech * TraT 145
Mercantile.. 255 265
245
Meroh Exch. 165 176
Merchants'.. 180 190
375 425
605
MetropH
2224 232 4 MtMorrisll.. 215 225
.
Banks
Mutuain
JeffersonU... 140
19th Wardll.
North Amer.
Northern
Oriental^
PacittcD
Park
People'sll
290
190
500
1300
200
325
150
210
Ask
315
200
336
220
1'20
2S6 245
265 •265
526
535
285 300
dividend and
Banks
Phenix
Plazali
Ask
136
i80
Prod Exchli
RiversideH .. '250 i80
...
Seaboard
600
Second
600 ...--.
Shoe * Leth. 135 145
1000
Statell
34th Street.. 190 200
12Ui Wardll. 120
23d Wardll. 125 ..---•
Union Eichi 1S5 195
United
t95
nsflils,
ri:;nw. •x State b*u us.
n. lix
A^aesament paid.
n Sold at piirate sale at this price.
t i^is
Bid
130
500
170
wNewstock.
4
I^OV.
L'6,
J
5
.
Stock Record
1904.
salvri'a-ii
i;ov. 19
2,-,
2.'.'-
5;; '4
n:i-\
117 '-U7S
H.Va 3i>
3738
37^.
21^8
253<
534 5H78
67% 68
3534
37 3g
3734
1
33
23
30»4
3II4
3134
321,
51
52
r.24
5;;34
114
63
24
63
24 14
47 s
21
47
*29
4-i
131
•2134
31
S^
24"^
4S'4
36"
"364
132
132
23
2138 3134
47', 48^4
21
»29
24
48
474
36'8
24 4
2334
4734
483<
Do
II4S4 115^8
9434
17«»
Union
Do
9434
'236
21
4734
47
•28
30
23 4 2378
4734 48
21
204
2136,
184
(i«
69
6834
7934
70
UnitBysIuT't of San Fran
63
18
63
20
20
Wheeling
484
4
•27
23a8
4734
•87 ^i
3414
814
3034
314
3234
314 324
88
88
89
344
3434
4
344 344
•93
28
•215
11\
9
3i5
S\
3739
ly'a
3434
9H
28
220
ll^i
t»S
*93
284
•216
114
9^
•93
31
96
3II4
219
94
Do
Do
84
30
24
48
9
9
934
38
39 s
38
39i<
IS's
183g
1739
173^
40
33 7t
37^6
li"8
878
938
8=8
377,
84
374
83*
38
324 334
100410134 1014102 4 10134 1024
634
74
64 634
64 64
264 27
27^4
794 8138
11434 11434
25»B
7934
100
7'.t
79'',
1144115
Jlj'j-a 159^8
96^4
14
5(1
9634
U^
504
14934 151^4
2638
151415214
14734
1504
1454 144 «8
92 4 94
924
144"^
9338
145 la 145 4
924 93
25
24
92
92
lis 4 1184 119 12078
219 222
•219 22i
93g
4
6ti3j
46^4
47'\
•85
li;
218
128
IOI4
90
16
14941524
223^
93
117
•94 104
85
•1534
5634
84
15
128
26
80
37
534 55
•74
74 4
181418538
80
37
20's 2058
784 79
•584 60
•404 41
85
664 57
•116
24 >4
24
•83
128 41284
•JSi'f,
25
80
80
3634
55
73^8
185
20
3;
4
74
189
79
•594 60
40
41
85
85
56=8 06
JllSTgllSTe
40
•84
544
'1
244
116
9734 9734
}»74 974
1614162
•I684I6I
10541064
106
48
484 484 4^4
108»8lO9 4 10334 1094
344 344 36i>8 350b
83^8 834
«83'e 837,
106
230
334 34 4
88 "4 88^8
230
164 17
230
334
68
244
234 244
•87
•62 '4
89 4
63
4'4
76 4 76
•374 39
114
72
724
164 164
9'8
71"8
125
14
71^8
125
14>4
914 05
80 '4 82
33
83 4
be^a 87 4
2634 27 4
87'4
884
414 42
113
113
314 314
•240
92
250
194
194
87
63
100
434
7534
5
58 4 604
40 41
•83
85 4
54
6434
>iih
•9634
84
843^
98
15641564
4104 4
444 454
10741084
36 4 36%
83
844
102
48 "b
'i'>^
1638
684
231
317,
3234
89
89
16
164
684
68
23 4 23 4
17 4
6934
2438
88
874 874 87
62
624 6058 6278
9941004
34 34
100
'
34
478
743g
71514
75
73
38
38
374
114 124
734 75
1134
7234
134
75
16»8
7434
164
lO'e
12
75
75
16 4 164
72
727e
122 125
•37 4 39
I63g
71^8
126
126
7334
122
144 15
144
95
95
9534
837, 2i
334 31
88
884
274 284
87 7e 8938
41
424
113 4 113 '4
744
83
82
324 337s
884 91
4 3338
88 4 *^8 4
274 28 4
32
267g
8834
90 4
2778
904
40 4
404 414 40
1134 1134 11341134
314 314 314 314 324 33
240
250
'240
250
237
92
824 924 9134 92 4
17441774 177 1794 1794183
194
196
19«
250
9134 92
179 4182
196 196
198
Do
Oil
pref
pret
American Ice
Do
pref
American Malting
Do
pref
36^2 001 23
Sep 9
3220 Feb 2 250
6,100
397.810
American Di8t.Telegrapli
American Express
American Grass Twine ..
Amer Hide & Leather
De
1187gXovl5
96
97
4
Highest
Lowest
544N0VI8
6S34 Nov 15
1
Novll
Aug 80 Jau
24 Aug 66 Jan
38% Sep 684 Mar
12
164 Oct
69 4 Oct
85 J'ne
•
Amer. Smelt'g<fe Refin'g.
Do
pref
American Snuft
Do pref
American Steel Foundr's.
Do pret
19,ti20
4,780
2,800
Jan
Feb
12878 Jan
37% Jan
8178 Jan
48 Jan
1224 Jan
Dec
104% Jan
93 4 Feb
2238 Jan
644 Jau
3234 Feb
55 14 Feb
27 4 Feb
51594
May
62
38 4 Feb
29 4 Feb
56 4 Feb
Oct 29 ?204 Jan 235
7 Dec 23
« 60 4 Not 874
33% Oct 75«8
1434 J 'ly 1 3234N0V21
Jan 6 904Nov25
214J'nel4 3578Not16
17
4 Nov
60 4 Not
25 4 Aug
97 Not 7 82 J'ly
314Not21 24 Nov
219 Not22 171 Aug
1134N0TI9
6 J'ly
10 Nov 16
24 Oct
39 4 Nov. 1 10 Oct
934N0V2I
4 Oct
42 Oct 17 164 Oct
67
3678
96
964 Mar
204 Aug 43% Feb
6 Mar22 21%Nov21
394Mar25 7079N0T22
434 Feb 8 8I34N0VI8
8834 J'ne 6
2,076 22 Aug 17
3
ISO J'ne 2
3,723
5 Aug 3
7,066
2% Jan 5
18,130 11 4 Jan 6
13,500
6 4Mar24
6,325 24 4Mar24
632
7 J'ne 2 20% Not 16
100 22 4 J'ne 1 434N0TI6
74,399 16 '6 Jan 6 3478Not25
6,691 75 4 Jan 6 104 NoT-.i5
4,900
24Jnel6 734 Not 18
7,150 16 J'ne
28 N0TI8
84,900 46 Feb 26 82 Not22
3, '200 8834 Jan
115 Oct 24
l25 110 Jan 21 170 NovKJ
a
1334 144
944 95
1434
90
834 84 4
89
384
11»8
122
Highest
1
8,601.
pref
American Cotton
tor Previova
Year (1903)
1
Express
Uis-Chalmers
Do
Range
26 4 Not! 2
1
•
1154116
23
234
116
Lowest
94J'ne
25%J'ne
J.
78
413p
14
504
50
2038
85
354
23 4
8734
16h
4
7734
34
89 4 89 4
69
63 4
100
19
32^4
88'8 89 4
leog 17
69
74
194 4
&
Adams
Year 1904
400 85 Jan
98 4 Sep
S.lOO
34J'ne3o 15 NovlS
2,300 26 J'ly
5178N0Tl6
11741494 American Sugar Retinuij; 92,325 1224 Mar 163 Nov 17
300 123 Jan
141 NovlS
13941394
Do pref
920 121 FeblO 146 NoTl^
145 145 Amer. Teleph. & Telesr...
95 N0VI2
924 93 Amer.Tybao.(new),pf.otf8 20,575 83 38 Not
25 Not21
26.912 10 Jan
224 227fi Americitn Woolen
1,340 69 Jan 25 934 Nov22
92
92
Do pref
7,050 61 Feb20 120'8Nov21
114 114' Anaconda Copper
loo 185 Mario 2i9 4 0ct 19
218 222
Brooklyn-Union Gas
•9
25o
J'ly 18 10 4Novl6
10
uns w. Dock <fc C. Imp'
720 477jFebl9 57 4 NovlS
66 56«i, Butterick Co
47% 51 ( Colorado Fuel«fe Iron... 116,450 25 4 Marl2 61 Not25
90 Nov23
oOo 63 Apr
90
90 Vy Do pref
1,500
8 J'ne28 I634 Jan 26
1534 1534 Col. & Hock. Coal cfc Iron
220 Oct 19
215 2151. (Consolidated Gas (N. Y.). 13.484 185 Feb
1,1: 'o 1014Jan 4 129 4 Not 12
1284 128 Continental Tobacco, prel
264NoTl8
25,775
934 May
23 4 24 Corn Products
824Not15
4.378 65 Mar
794 80
Do pref
37 4 Not 3
4,570
19
36
Corp.
J'ne
9
4
36 DistUlers Securit's
3,037 434NovlO 55 Novl7
62 4 62 4 Federal Mining & Smelt'g
90
NoTlO
1,560
71
Not23
724 74
Do pref
32,925 cl51 J'ne20 1944NOT22
192 193 4 Q eneral Electnc
22
Novl5
11,076
10
19
1934 International Paper
4May26
2,700 6419 Feb 9 7934 NovlS
774 78
Do i>ref
701-1001
200
17
26
Mar 1
58 4 604 International Power
1,300 28 Sep 2 41% NovlS
40
41
Internat'l Steam Pump..
854NOT23
1,000
714Feb 9
85
Do pref
85 4
5,956 36 Jan 4 69 4NoTl6
6434 554 National Biscuit
510 1004 Jan 16 116 Nov22
•11534
Do pref
4,6l0 14 4 Feb 25 264 Oct 3
234 24 National Lead
300 80 4 Jan 26 98 Oct 20
0:9434 9434
Do pref
4,300 120 Feb25 163 Novl^
158 163 New York Air Brake
5,649 80 Marl2 107 N0TI6
103 105 North American Co., new
66 Novll
11,000 24 Feb
42
454 P.acitic MaU
107 41084
eop. Gas-L.<fe C. (Chic.) 18,976 9234 Marl2 1114NOT 9
21,430 24 4Maylb 444 Oct 17
364 38% Pressed Steel Car
5,560 67 Mayl6 87 Not25
84
87
Do pref
691 209 Mar 14 2ol4NoT2l
J230 230 Pullman Company
all way Steel Spring.
12,800 16 Mayie 35 Not 17
324 334
VDo pret
89
6,435 7134 Marl6 89 4NOT21
89 4 i>
164 174 Republic Iron* Steel .. 14,750 6 Mayie 174 Not 9
Do jiref
11,260 37 Mayl3 6934 Nov22
684 694
4,500 14'4 Apr 16 26 4 Nov 16
23 4 •J3 4 Rubber (.ioodsilfg
650 7434 Jan 16 8834 Oct 12
Do pref.
874 874
62
62 4, Sloss-Slietaeld St. <& Iron
8,300 314Jan 7 663b Novll
400 77 Jan 6 100 Not21
100 100
Do pref
334
3 '6 Standard Rope <fe TwLne..
1,900
%Mar 4 5 N0TI8
744 774 Tenn. Coal, Iron <fc RR... 42,830 3l%M«yl6 774N0VI7
•374 384 Texas Pacific Land Trust
100 36 MsylO 394N0VIO
37gAugl9 13 4NOV22
14,295
Union Bag <& Paper
Do pref
75
754
2,737 46 Feb 24 754 Nov25
64Mayl6 17 N0TI8
2,950
164 16'(. U. S. Cast I. Pipe <fe Foun.
73>4
Do pref
73
8,050 40 Mar24 7434 Novll
554 100 Feb24
'28 NovlS
}120 125 United States Express...
64 May27 15 Nov21
14
144 U nited States Leather
88,790
Do pret
11,470 75% Jan 4 96 NOT22
944 954
7, '230 43
82 4 U S Realty & ImpTov«'nt
J'ly 13 84 4NOV22
82
12,150 104 Feb 6 34 4 NovlS
334 .14 4 United States Rubber
Do pref
89 7» 914
10,005 41 Jan 4 914NOV25
8%Mayiy 29 4 Nov25
27'4 29 4 United States Steel
430,460
Do pref
904 944
646,936 614Mayl3 944 Nov2.'-)
41
41% Virginla-CaroUiia Chem.. 8,925 2234 j'ne29 44 NoTll
Do pref
11234 1134
1,815 97%Aprl6 1144 Novll
33
34 Virginia Iron cdal A O..
2,600 18 4 Sep " 34 Nov25
•237 250
«200 J'nelO 230 Aug23
Wells, Fargo <b Co
•917 924
est'n Union Tele'gph
1,300 85 May 19 93 Oct 17
West' gh'ae BI & M f g assen 24.429 163 May 2 183 Nov22
180 181
Do Istpref
900 80 Angl7 198 Nov22
197 197
13
128 4 12838
23 4 244
79'4 80
35 '8 36
5334 51
71
74
190 192 4
2314 2314 •229
3438
68
1538
10734 lOS'f
231
24
•994
45
4838
215 4
23 4
2334 244
•9634 98
I6O34 161
10334 106
243fc
47
15
19 4 203t
78
784
60
60
203.
78»8
9=6
5634
a;215
804 81
364 364
544 55
55
74
190 4
222
564
85
83
16
128-'8 12856,
24'!.
218
94
563,
474 494
47=8
85
16
11338
SI "8
114
170
•964100
92^4
113
634
27
804
113
*160
23
924
934
87,
64
134
22
ll«iv
2193, 21934
*938 104
•564 57
46''^8
24 4
Erie...
v. tr. cfs.
Do pref. TOt. tr. ctfs.
i>li8cell
Industrial
384
2534
50'(
145
218^ 21842194 2173^2184
25>4
434
82
11434
Lake
Wisconsin Cent.
10234 104
2578
8138
2538
7934
2634
114
170
97
4 140
145 4145 4
92 4 92 'g
22 4 24^
114
41
113
160 170 *160
169 169
*964 ^63,
9634 963,
97
134 14
13
134 14
50 4
60
604 5034 50
13!)
5')
32 4
tor
basis of lOU-share lots
16,700 204J'n6 7 384NoTl4
100 115 Marl4 134 Oct 22 100 Oct
1,0(»0 174J'ne21
27 4 Oct 2
174 Oct
1,830 2l4May27 33 Sep 19
1 5
Sep
11,950 32 Feb 24 6378Nov22 24 Sep
1,620 87 4 Feb 23 xWlH Oct 3
79 Oct
158 Augll n65 Nov 4 155 J'ne
547.395 71- Marl 4 117 Nov21
6534 Aug
2,237 x864Feb2; 9534 AugoO 83 4 Aug
1,200
9
Feb 17 18 Nov25
9 Dec
990 424 Apr 19 63 Nov 16 35 J'ly
10,200 16 May 16 25 Nov 12 16% Oct
12,600 3334 Feb 24 484.V0VI8 27 4 Sep
1 .0.5(
14'HJ'ly25 22% Nov
12 J'ly
1,530 37 J'ly2" 623, Jan 22 404 Nov
200 2l4J'ne29 32 Novl5 20 Sep
3,178 16 J'ne 6 25 Nov 18 14 4 Oct
4,39(1 37
J'ne 6 49%NoTl8 33 Nov
373,
Do pref
164 164 American Linseed
*37
Do pref
42
33% 3478 American Locomotive...
164
40
97,
9'<
879
38
•40
42 4
33 14 34
42
94
10
938
n64
•38
341,
96
32
217
30
J215
374 38
33
314 100i«
•40
19
71
•93
218
94
38
250
19
•68
3334
304 314
218
37
834
34
96
34
•92
236
<fe
Istpref
.2d pret:
764 78' Amalgamated Copper
314 324 American Car A Foundry
894 90 4
Do pref
7878
314
884 894
96
31
219
37
'.
194
69 4
31
104 114
9
94
394
113,
39
774
80^8
H9
88^8
220
250
2034
6934
78*8
79>« 803?
30%
'236
19
707g
69
250
260
pref
Pacific
pref
Do pref
224 234 Wabash.
4534 46'Do pref
*'2II
49
3638 '^pexas <fe Pacific
1 hlrd Avenue (N. Y.)...
133
Toledo Railways & Llpht
.
250
236
•235
20
3,000
4.900
pref
31
31». Tol. St. L. & W. T. tr. ctfs
52 4 63ag
Do pref. TOt. tr. ctfs.
J 106 78 1064 Twin City Rapid Transit.
10541064
21-4
47'^
31
2434
Shares
Lools Sonthwestern..
Do
Bange
On
Week
•214 23
1144 11578
94f;8 9.")
•944 954
*164 17^8
1738 174
ti2 4
624 (>24 624 624 '61
23 '9 24 1*
2338 24
2 -'4 234
46=8 474
454 467p 45 's 464
304 30 4
the
i:44i
667,
117',
131
114\lliv'<
115 4 117
95
95
•17
17 4
Sales 0/
STOCK
KXCHANGK
St.
2
2OI..175 414Marl4
Sonthern Pacific Co
Do pref. 2d instal. pd. 9,2 Ih 113 Sep 12
34»8 354 Southern T.tr. cfs. atmped 85.20U 184 Feb24
3,210 77 4.1 an 6
96
do
Do pref.
954
20(
90 Feb 36
•964 98
M. & O. stock tr. ctfs ...
664
53
62
25 4
53
117
214
314 314
23
32 4
534 63 'l
1064 106 4
jioesgi 06 «
no's
•21^4
24
48
1^4
95
954
96 4 9'iif
37"-.
36
957,
97
25
63
41
5
STOCKS
NBW YORK
Friday
Nov. V5
24
244
52 4 53
6578 67
117 1174
3439 34 78
95
964
25'.,
54
354 36
95 14
Nov. 23
66 4 68 4
1174 118
ll7'^4l
•131
22
133
*1SJ
25>4
*9I5
9ii
V'^i
Monda'i
Nov. 21
Thursday
Nov. 34
Wednesday
.
—Oonnlnrlerl— Page
STOCKS— HJGHEST AND LOWEST SALE PBICES
Tuesday
Nov. sa
—
,
5
J'ly
Feb
Feb
Feb
Mar
4134 Jan
93 Jan
464 Feb
98 Feb
414 Jan
235 Feb
29% Jan
114Jan
37% Jan
1134
Jan
424 Jan
1934
Jan
234 Nov 48 4 Jan
104 Oct 31% Feb
674 Oct 9534 Feb
2 4 Mar
5 4 Feb
144Sep 244 Jan
3634 Oct
5278 Feb
80i4Oct 99 4 Feb
90 Ans 126 Mar
80 Sep 98% Jan
34 Dec 20 Jan
36 Dec 69 4 Feb
107 4 Oct 134% Jan
116 Aug 123 Dec
117 4 Oct 169 Feb
7
4 Oct
14% Feb
Oct HO Jau
Oct 1234 Feb
Sep 225 Jan
Oct 154 Jau
Aug 55 Jau
Nov 82 4 Jan
65
53
170
5
40
24
Dec 122
65
94
164
Jan
Not 22 4 Feb
Aug 222 Jan
Jan
9434 .\ug 119
15 4
60
20
Nov 35 Mar
Nov 85 4 Jau
J'ly
136 Sep
9 J'ly
67 4 Nov
23 Nov
28 Dec
70 Oct
32 Oct
94 Oct
10 4 Nov
75 Oct
105 Oct
68 Sep
Aug
17
8734 Sep
3434
204
1979
Jan
Feb
Jan
744 Feb
Jan
73
464 May
89 4 Jan
47% Feb
10678 May
29 4 Feb
Feb
Jan
95
177
1244 Jan
4234 Jan
108% Feb
22 4 Nov 6534 Jan
62 4 Nov 95 Feb
196 J'ly 23534 Jau
16 Sep 37 Feb
67 Not 90 Feb
6% Not 22% Feb
80% Fob
3634 Not
12 J'ly
60 J'ly
30 Feb
84 4 Fob
224 Oct 72 Feb
67 Nov 97 4 Feb
34 Sep
6 4 Feb
25 % Nov 68% Mar
22 Aug 4034 Jan
44 J'ly
Jan
Jan
Fe
Not 55 Feb
Aug 150 4 Feb
Sep 15 4 Feb
16
Dec
Sep
7934
15
71
4 Oct
9634
7
J'ly
J'ly
5734
6
33
93
6
304
May
19 4 Feb
58 Feb
Not 39% Feb
8934 Jan
66% Feb
80 Aug 1284 Feb
17 Sep 39% Feb
}191 Jly 249 4 Feb
80 4 Sep 93 Jan
130 Oct 221 Jan
160 Sep 224 Jan
10
4934 Nov
1 7 4 Sep
BANKS AND TRUST COMPANIES— BROKERS' QUOTATIONS
Bnnkn
Bid
Wa«h.H'liU1I 200
WestSldell.. 500
TorkTUlell .- 400
BROOKLTW
BoroughH.... 136
Ask
Bnnks
Bid
Aik
A Ik
I
Tmat Coa.
BBOOKLTN
Manufactrs'.
N. T.
3464
Meclianic«1|
280
130
376
Nat City
290
Nortli Sldeli. 226
People'sll
290
17th Wardll. 150
Mercbants
Nassau
.
410
310
Bid
Ask
cmr
Bankers' Tr. 325
Bowl'gOreen 211
Broad wayTr. 110934
C'lR'tyB&Tr 610
Central Tr'sl 2000
City Trust... 200
Colonial
320
Tnut Co'a Bid Ask Trust Oo's Bid Ask
FarmLoATr 1360
N YSecATr 700
214
FUth ATe Tr 526
Guaranty Tr 645
Guardian Tr 175
2060
300
330
60
Knick'rb'k'r 9 1
Lincoln Tr... 375
Manhattan .. 475
Mercantile .. 990
Merchants'..
Metropolitan 625"
550
665
North Amer. 258
180
StniidardTr't 330
ATr
365
Tr Co of Am. 302
Union Trust 1350
USMtg&Tr 440
Unit Htiites 1460
Van N'llonXr 207 4
Washington. 390
Windsor
190
TitleGu
500
1010
210
640
880
266
Real EstTr't 325
310
1400
455
1500
Trust Co's
Bid
Ask
BBOOKLTN
Brooklyn Tr 400
200
Klatbiish
325
Franklin
Hamilton.... 315
Kings Co
410
L Isl LiSsTr. 276
Na.-«sau
260
360
335
136
290
Broad wayl,.. 300
Spragtie
'200
Commonw'th 65
Brooklyn^ .. 130 146" Siuyvosantl 186 200
3-^0
People'*
336
Ka.-tlcrn Tr
MortonTrust 850
Con'yIABBI 140
Uulouli
165
Williiuiu b'g. 235
240
Mut.Ailiance 205 2 1
200
176
Empire
220
rirst
380 ioii" WallabontH
155
KquitabloTr 650 665
N Y LifeATr 1000 1060
• BI<J and asked prices; no sales on this day.
j Less thau 100 sii;»re.i.
ICx diTiaeud and rights,
% Ux nghts.
t Sale at Stock bxcliange or at auction this week,
o Ex stock dividend, s Trust Co. oertldoates. ^ Banks marked with a paragraph (H) are State banks
.
.
1
)
'
New York
Exchange— Bond
Stock
Record, Friday,
(•CCUrVINU FOUR
BONUS
stock exoha.n'gk
Week Endino Nov 26
y.
Price
Week's
Mange
fYidav
Nov 26
Kange or
Since
Bid
Atk
D. M. (Jo^'eminont
U 8 28 consul registered. dl930 Q-J
dld'M yj
U b 2a ouusol coupou
V
U
V
U
U
U
U
U
/cl91H q-V
fcl918 y.F
S 38 ren small bonds. .fcl91^ t^-F
High,
Lota
105U AnB'04
1041510714
105
106
105
104H2Nov'iM
104>aAug'04
105
105
104'-j IO6I4
1046,, IO634
104 "^
104 'a
S
S
S
8
S
IO4I4 ...
lOo^Scp'O-l
10478 1071*
I06'4l06»4
J'ly'04
106'\Nov'(i4
131 '(.Sep '04
108 '4
IO6I4 108
131'el32'e
1311-2 134
QJ
107
W&\
10G»4
130 "y 131
105
109
108
J'nc'02
10l)i4
10t>3»
131'2Ang'04
111 Oct '04
I307e 131
IIOI4 11134
Foreign tJovernincnt
1. M-S
t93'4 ..
1 95 la Feb '02
are price s on the basis 01 four marks to o ne do Liar.
92'-^ 684
92 "a Sale
9l'>4
95 ij
89
Japanese Govt 68 ctfs full paid Oct
R«pab ot Cuba 5* ctfs lull paid Sep 103 Sale 102^4 103 14 79 981^103 15
t97"aJ'ly'04
971a 100
U a ol Mexico s I g 08 o£ 1899 y-J * »7Ja
Frankfort-on-Maln 348 ser
t 'Jfiese
i-i
fl
Htnte Securities
A 4 to 5
liese
are pr
lOOi J.J
102 »s
J-J
1901 J-J
C 4s
19211 J-J
Currency lauding 4s
1924 F-A
Dist of Columbia 3-65s
Louisiana new cousol 4s. .1914 J-J
Small
North Carolina consol 48.1910 J-J
1024
Alabama
Class
Class
class
B 68
laoii
I'Jiy
6s
AG
1933 J-J
Tenn new settlement 38. .1913 J-J
J-J
Small
Virginia fund debt 2-3h...1991 J-J
68 deferred Browu Bros ctfs
Bo CaroUna 4 Sjs 20-40
102
ices u
n
tfie
b
ol
102 14 Sep '04
109 14 Oct '00
102 1^ Mar'02
108
in
lOl
t
9
1021a
9514
Aug' 04
9614 Sep '04
11
96
97
96
911a 96I4
15
6I9
9
UnilroaU
Hee So Ry
labaMidl 6ee At Coast Line
Albany & Susq 6ee Del & Hud
Allegheny Valley ieePennKK
Alabama Cent
& West
Alleg
See Butt
K
<fe
«fe
1995 A-O
Adjustment g 48
ft.1995
A.1995
7il995
Registered
Nov
Nov
M-N
Stamped
Debeuiures 48 Series D. 1906 F-A
FA
Series E
Series P
Series
Series 1
Series
1907
1908 FA
1910 F-A
1911
1913
K
East Okla Div Ist g 48.. 1928 M S
Atl Knoxdis Nor lsl},'5s..l940 J -D
Atlantic Coast 1st g 48./H952 M-S
Charles <fe Sav Ist g 7s.. 1936 J-J
Ist gold 6s. .1934 A-O
8av F &
1934 A-O
1st gold 5s
H
FA
FA
W
Ala Mid Ist gii gold 6s 192t<
1st gu g 48 193s
Bruus &
SU Sp Uca <fe (i gu K 4s 191b
Atlantic <fe Danv See South Ry
Atlantic <fe Yadk See Soutii Ry
<SeeSou Pacilic
Austin €&
Kalt& Ohio prior Ig3'as.l925
A1925
Registered
ftl948
Gold 4s
W
NW
Registered
Conv deb 48
P Jnn & M
PLE&W
...A1948
1911
Div 1st g 3'a8l925
Va Sys ret 481941
AI-N
J-J
J-J
J-J
q-j
9T
4 91^8 9734
97
97
102<^ 103
173 98^8 104
101
2 99
101 * 101
10334
94I1 80 8714 98
94 »4 Sale .941*
82 la Jan '04
821a 821a
9439 Sale
94
94\ 229 871a 951a
9ii^
99 Aug'04
98 100
99^8 101
9934 Oct '04
9934 9934
99 14. ... 99iaNoT'U4
9834 991^
984
97 la Sep '04
971a 971-..
10 981a 9812
98H
981a
98'<i
97
97 Oct '04
9634 97
97Ja 98^ 99 NoT'04
92 14 99I4
113
112iaNoT'04
112 II212
100 Sale
108
100
991a
91 lOO'^e
137
12714
126i8Nov'03
113'8
112<s8Jan'04
112»8ll2»8
112'all5 114i4Oct'04
109 II4I4
96»4 ....
93 J'ly'04
93
93
9734 Oct '04
«7>a
973* 98
Sale
1021% Sale
,
96»4 Bale
102
9534
96
96I4
96'»
NoT'04
921* 96
100 14 10334
100 103
97 IOII4
A-O 103 "a Sale
103>4
y-J
102=6NOT'04
101i4 0ct'04
M-S
M-N
M-N
Southw Dlvl8lg3'a8...1925 J-J
'102>a
.
9024 Sale
100
93
Sale
/il925
Ist gu g 58. .1919 ^:i
Cen Ohio R 1st pg4i23.. 1930 M-S
Pitts Clev & Tol Ist g 03 1922 A-O
Pitts* West Istg 48. ..1917 J.J
Co certfs
J P
M&
90^4
99 ^
92 '8
10334
871a 9234
921a 100 la
907f,
100
87 14 93 14
931.
9014 J'ly'OL
Registered
Monon Riv
105i2Mar'04
108 Sep '04
1 9 'i Mar'04
100 NoT'04
100 Sep '04
10738.
108 »a
lia^a.
100
lOSialOoia
108 109 19
II913I22
98 100
100 100
1
.
Bat Creek & S See Mich Cent
Boecli Creek <Se« N Y C & H
Buttalo
Buffalo
N Y <& Erie
R & P gen g
See Erie
5s.. .1937
M-S
97
ORIF&N
M
J-D
Ist pref income g 68
2d pref income g 68
3d pref income g 6s
114h
IIOI4
124i«
127
A-O
II412
llS>all7«%
Apr'97
12Ha Mar'04
123i«Aag'04
121ial21ia
12118 124
9914 Oct '04
9718 1001s
103
...
103i4l04"»i 1 03 1« Nov'04
llS^a...
122 Sep '04
A-O
IIO*^.
101i4l037e
115ial22
120i2Mar'0o
112 la Sep '04
11012 1121a
1041, Nov'04
10634
106^4
107 J'ly'04
1021a 106
19 104 0sl09
106 107 li
J-D
J-J
M-S
M-S
C^aitlaF&N 6e«BCR<&N
Cen Branch U Pl8tg48...1948 J-D
Cen Branch lly See Mo Pac
Cen RR <& B of Oa col g 6s 1937 M-K
Cent of Ga RR Ist g 6s..pl945 F-A
Consol gold 58
Registered
194C M-N
1945 M-H
pl945 Oct
pl945 Oct
ijl945 Oct
104 «.
106 "i.
95iaNoT'04
90
110
lllii 1121a Oct '04
120^4 Oct '04
122
111'4 11134 lllia 111^8
107 J'ne'04
90 Sale
90
92
70 Sale
70
71
60 Sale
00
60
96
106=8 112V:
llOS 120^4
10334 114
1051a 107
0534 93
74^8
28
18
65V»
H1I-SCEL1.JVNEOIIS*
.Sii-j-et
Conn Rycfc L Istifc ref g443'51
Den Con Tr Co Ist g 68.. .1933
Den 'l"ram Co con g 63.. 1910
Met Ry Co let gu g 68.. 191
Det Cit StRyl8tcong68.iyo5
Gr Raiiids Ry Ist g6s...al91ti
Louis Ry Co Istcon g58..1930
& Imp gu
fnc*
Week's
f'^dati
J>'ov25
Last Sal*
Hange
Ask Low
Bid
96
91=4
9434
AO
MS
MS
A-O 1074103
1074
J-J
J-J
109^8
10ii4Nov'04
M-N
106 4 Sale
1054
FA
FA
J-J
85 4 Sale
844
03
894
Sale
99
.
A-O
J-J
J-J
93
93
893b
25
794 90
99
95
99 ij
12
90
105 4
1104
J'ne'.
i06%
J-J •ibo";
103
Nov'Ol
10'."
Mhi-'US
J-D
J-J
110
106
894
10941104 no
92
33 99410s
854 367 72 4 85=4
108
107=8
100
30 100
50 82
J-D
J-J
„.1916 J-J
J-J
J-J
J-J
lsi5s
J-J
Extenlst7s
J-J
LaCroasecfe D Ist 58
J-J
Mineral Point Div 5a
J-J
So Minn Div Ist 68
J-J
1st
68
SouthwestDiv
Wis & Minn Div g 5a. ...1921 J-J
& No 1st L 6s 1910 J-D
1913 J-D
1st consol 6s
1915 Q-F
Chic & Northw cons 7s
1886-1926 F-A
Extension 4s
1886-1926 F-A
Registered
1987 .M-N
General goldSias
.pl987 y-F
Registered
Sinking fund 6a.. .1879-1929 A-O
1879-1929 A-O
Registered
I&D
1924
1910
1910
1908
1919
1910
1910
1909
M
MU
Slnkmg fund 68—1879-1929 A-O
1879-1929 A-O
Registered
Debenture 58
5s...
1909
1909
1921
1921
1933
1933
....
1st 78-1907
Madison 1st 68.. 1905
Nortli lUinols 1st 5s.. ..1910
Ott C F <fc St Paul l8t 58 1909
MUw&
111
93
994
1321a
117
107
1151a
107
112
umiis
lie-e
11218
11814
12811
102
99
..
.
100
MS
MS
M-S
<fc
FA
MS
1924 J-J
1907 F-A
1911 M-N
Incomes
Chic Rock Isl& Pac 6s.. .1917 J-J
1917 J-J
Registered
1988 J-J
General gold 4s
Registered
1988 J-J
Coll truat Series C 4s .. 1905 M-N
1910 M-N
H4s
M4S
1915 M-N
1916 M-N
N 4s
1918 M N
P48
Chlo B I <fe Pao RR 43. .2002 M-N
Reaistered
2002 M N
Coll trust gold 53
1913 M-S
Choc Ok <fc G gen g 68 .01919 J-J
gold
Consol
1952 M-N
68
Des M di Ft D l8t 4s
1905 J-J
l8t2ioS
1905 J.J
Extension 4s
.....1905 J-J
Keok& DesM Ist 5s
1923 A-O
Mich Div l8tg68
Convertible deb 5a
104
107'4l07i4
128 135«8
13.-. la
13;4i4
Oct
11:7 4 133i«
llli« 114
'04
10434 Oct '04
102
10434
103
104
100
104
108
J'ly'04
103
10»»«
111 la J'ly'04
13
118
118
117 la Oct '04
10734
loS"-. 16 i
103 Apr'Ol
112 May'OS
102 H
1021a
981a Sep '04
'02
1064 Oct
95
84
82
la
Sep '04
84
34
823t 116
8334
11434 1201*
118
113
10041081*
994103
984
94I4
964 96 4
814 854
744 8234
Apr'Ol
10434 Apr'OO
101
Nov'04
96'8
96<^
63
90 la Apr '04
10534 Ang'04
1093, Apr'04
102 Nov'04
106VlOct '04
105 Dec '03
10034
1094lll>»
102
961*
99
91
904
91<>»
10534
10934 109=4
106
1004 1024
1034 107
Feb '04
100=4
100
108 Oct "04
112 la Oct '04
108 Nov'04
129 Apr'04
117=4 Nov'04
120 Dec'02
117 Sep '04
1084
1124115
132"^
1264 If 2=»
132<%
106
105=8 108 ••
129
129
1144120
1124117
UO "a Nov'04
11141164
lllOftNov'ol
1111»
108
169
109
Oct '04
Oct '04
184
111
184
111
i
1074110%.
110=8 110=8
lOyia J'ne'04
97 la Oct '04
1161a Apr'03
119-8
119-8
10941094
974 98',
116=8 119'»
109=6 112^
114=4 ll'^'^
109=4 1124
11234 Sep '04
11738Nov04
112 Is Nov'04
137 la J 'ly '99
116^8 Oct '04
106 Aug'04
169 Mai'04
113 Aug'04
107=8 Oct '04
112
112
Sep '04
11 1
116=8 1184
106 106
169
169
1124 113
106 107^
1104 112%
10934 112
1164
115=6 Sep '04
114
Sep
118i4 0ct
110=4 112
'04
'04
'04
1144 1184
1304
1301a Oct
10478J'Tie'O4
102=8 May'04
102=8
100 Oct '04
103 NoT'98
15 Hj Nov'04
UI4II8
1-27 =8
10234 105
102%
964 1004
la Dec '03
109i4Oct '04
107 Mar'04
103=8 Nov'04
104 Mar'04
110iaOct'04
111
109=8...
10634
IO834
Jan
118
J'ly'04
II6I4
II514
.
108 14 1104,
107
106
103=8 108
'
1044'
1074 1104'
104
108=4 108=4
"04
1154 118
1144 116
i
.
10434
104=8
108
128
104 la Nov'04
1044104%:
105 la May'04
105=8 Nov'03
109-'4 J'ne'04
10941124
N0VO4
128
1191a
130^4
132 1-^134
lOlia
102 =8
125
123^8
10641084
126=s 129=4
I19I4 Nov'04
1421a Feb '02
13134 NoT'04
11741194
131=4
131%
103
109
103
103
1
'24
la
Apr'04
Sep '03
Nov'04
Nov'04
124
106i4l00'8 IOOI4 106 4
107 Jan '03
l01i4Scp'04
981a
964
97 J'ly'04
941a
96 May'04
121% 130
94
81 la Sale
94 '4 Sale
107
105 14
99'6
96'e
,
,
,
lOdVj
97
97
96
93 MBy'04
93
90
90 May'04
81 14
82 4 1222 664
70=4
7^4 Sep '04
94
95 21
73
105 Oct '04
104%
Sep
Jan
96
93
90
82%
764
96 4
105
1034103%
103^8 Jan '04
95i4 0ct '03
95
98
99
106%
10141014
,
941a
124
120
31 101
'04
'04
95
95
93=4 98
104 4106%
106=4 J'ly'04
on >e.xt I'ase.
Street KaiUvay
Met St Ry—r Con; Ret g 4s2002
Lex Av<fcP Fist gug 5s 1993
Third Ave RRcoii gu4s2000
Third Ave Ry Isl g 5s.. 1937
MetWS Kl(Chic)lstg48.1938
MU Kl Ry & L 30-yr g 53.1926
.Minn St Rv 1st con g 5s. .1919
St Jo Ry Lt HcfeP l6tgos.l937
St Paul City Cal) con ir 5s. 1937
Underpround Elec Rys of London Profit sharing os...l908
Union Kl (Chic) Istg 03. .1945
United RRsSan Frsf 48.1927
United Rys St L Ist g 48.1934
Chic St 40-yr cons g 5s. 1936
W
A-O
M-S
116=4
J-J
974
J-J
FA
92
Sale
98
1174 Oct '04
lis
96
F-A
J-J
MN
1004•974.
J-J
MN
.
94
106
1064
110
J-J
J-D
A-O
A-O
92
91%
50 89
115% Sep '04 ..."114
9S
99=4 Sale
99%
121
95
10641064
1064
110
J'ly'04
86
864 86
•864 674 87 4 Nov'04
O^
116
94
92*0
117%'
Oct '99
99=4
994
109 4 Dec '99
99
31 93=8
J'nc'04
86
Met St Ry geu col tr g 58.1997 F-A
1184 1 1 7=4 Nov'04
1124118''fc
<iias and Electric I.<iglit
Bway 4 7th A V Ist eg 5s 1943 J-D 117 119 117
117
1124117
Col & 9th Av Istgu g 6S.199H .M-S 1184120
Atlanta G L Co Istg 6s.. .1947 J-D
1184 Nov'04
1154119
'tSmtttioo Friday; latest pnce this veafc a Otm Jmi 4I>«*Afr e Dae Mn/
Da« J.'n« A Due J'\y^ It Dr-^ Aos oDim
j/
104
1
.
FA
Sj
114
112
M-N 10334
M-N 1021a.
A-O 1081a.
A-O 109
M-N II514.
M-N 114^
St Pet 2d 7s. .1907 M-N
MULScfc West 1st g 68 1921 M-N
Extcfe Imp 8 fund g 6s 1929
Ashland Div lat g 63. .1925
Winona
112->4
t
J'uc'y9
I33I4
I3314
MS
Far & Sou assu g 6s
Hast & D Div lst78
94=4
I0714 Ang'04
Since
January
Low High'
924 94*«i
Feb '04
1091a
1351,1361b 135
5.«
High
104
102
6s. .1921
Dak & Gt So g 58
Sanga
or
108
108
J-J 113
Le & Hud R gen gu g 5s 1920 J-J 108
Leh & WUks B Coal 68.. 1912 M-N 103
1031a
Con eit guar4ia8
ffl910 Q-M 103
101=4
N Y & Long Br gen g 48 1941
Cent Pacific See So Pacilic Co
Chas <fe Sav See Atl Coast Line
Ches & Ohio g 6s ser A..A1908 A-O 106
01911
109»B
Gold 68
1939 M-N lis 119
Ist consol g 58
1939 M-N •1141a 118
Registered
1992 M-S 108 Sale
General gold 4 las
1992
Registered
J-J 113
...1940
Craig Valley Istg 5s.
1031,
B<fc A Div 1st con g 48.. 1989 J-J
1989
J-J
984
2d consol g4s
110%
Warm Spr Val 1st g58..1941
951a
Greenbrier Ry Istgu g Is '40 M-N
Chic& Alt RR ref g 38... 1949 A-O 84
82 14 Salt
3ia8...
1950
J-J
lien
1st
Railway
1950 J-J
Registered
la...
FA
100
1905
D
58
&
la
Ch
Chic B & Q—
1922 FA 100^8 lull,
Denver Div 4a
1949
J-J
961a
97
Div3ia8
lUinois
1949 J-J
Registered
1949 J-J 106<>»
Gold 4s
Iowa Div sink ftind 58. .1919 A-O 108=4
1919 A-O 101
Sinking fund 48
Nebraska Extension 48.1927 M-N 1041a 105=4
1927 M-N
Registered
99
1921 il-S
Southwestern Div 48
Joint bonds See Great North
1913 M-N loei*...
Debenture 5s
11234 11312
Han <& St Jos consol 68. .1911
Chic &EIUlst8f cur 6s. 1907 J-D 108 ...
1934 A-O 1321a...
Ist consol g 6s
1937 M-N I18i«...
General consol Ist 58
1987 M-N
Registered
Chic & Ind C Ry Ist 53.1936 J-J 119"*.
Chicago & Erie See Erie
One In & Louisv ref 6s. ..1947 J-J 132«8
1947 J-J 115'ell7
Refunding gold 53
Louisv N A & Chl8t6s.l91U J-J lll''8ll2'4
Clue MU & St Paul con 78 1905 J-J 177(^184
1914 J-J lllH)
Terminal gold 58
General g 43 series A..el989 J-J 110=4 111
el989
Registered
General g 3ias series B.el989 t\
11678
Chic<fe L Su Div g68.-. -1921 J-J
Chic & Mo Riv Div 58. ..1926 J-J a9'eSalfc
112
J-J
1910
Cliic<fe Pac Div 68
1921 J-J 11738
Chiccfe P Wl8tg5s
Dock
BONDS—Coutinucil
Railway
Brooklyn Rap Tr g 5s
1945
Ist reluud conv g 4s
2002
BkCity 1st con 58.1916, 1941
BkCJCocfc Scon gug 68.1941
Bklyn Uu El Ist g 4-5s.l950
Kings Co El Istg 4s
1949
Nassau Klec gu g 4s
1951
City & S Ry Bait Ist g 6s. 1922
Am
DesMo&Minn
IU>9
J-J
J-L
A-O
1934
Wlstgu 68.1921
1927
(& St L Ist gug 7a
1908
Canada South 1st 68
2d 68
1913
1913
Registered
Carb (& Shawn See lU Cent
Carolina Cent See Seab Air L
Carthage & Ad SeeH )lV&H.
1947
Uacfe Atl Div 58
194i;
Mobile Div Istg 5s
Centot N J gen '1 gold 68.1987
/il987 y-J
Registered
Registered
Sinking fund deb 6s
Registered
100
Registered
;.
c^*>«*N
Mid
Debenture
AU & West Ist g 48 gu..l99S A-O
C1& Mah Ist gu g5s....l943 J-J
Booh & Pitts 1st g 6s. -.1921 F-A
1922
ConsoUst g 68
Buffalo <& Southwest See Krit
Butt <& Susq 1st ref g 4s.cil951
Bar Cedar R <& Ko let 6a. 1900
Con 1st <&coltrustg68..1934
25
of G3t—< Continued
Cliatt I»iv pur moil k 48.1951 J-l>
Mac &, Nor Div Ist g us. 1940
Registered
BeUeri&Car See Illinois Cent
<& Montank See Long 1
& West See Atl Coast L
Bklyn
Bruns
Nov
MS
P
/il995 Q-J
Ann Arbor Istg 4s
S Fe gen g 48.. .1995 A-O
Atoh T
Registered
En-uinu
»-2
\.
'
11934 11934
10214 106
95
....
8>a
10234
Mar'02
11934 Oct '04
102 14 J'ly'04
loyi-i Feu '99
104 106 102>4 Sep '04
13612 J'ly'Ol
120 Mar'Ot'
DCHj 9734 961a Nov'04
97
$ci_to S,.
102
ll9>a.
1051a.
93
EXCHANGE
Ao Low High Central
S 38 rcKistereil
3 38 0oui)ou
38 ecu small boucl8../cl91><
/il907
48 reRistered
/11907
48 coupon
1925
48 reRlstered
1925
4e coupon
y-F
48.1914-34
Philippine islands
.STOCK
Wkkk
J
104>-)105
104''^
-w
ItONDS
Y.
January
Last Sale
Weekly and Yearly
PAtiKJS
911
99=8
110
99%
754 864
794 87%
Dec '97
p Due Nor (Option
aal«
N
;Nov.
;;
Bond Record—Continued—Page 2
26, 1904.
j
BONDS
STOCK EXCHANGE
Week EirorNG Nov 25
N. T.
Cliic&Sth SceAtchT&SaFe
L <fe N O <Scc 111 Cent
L €& Pitts See Peun Co
Ohic Ht
Chic St
Chic St
Cons
P
(is
M & O con
reduced
6s. ..1930
to 3 "vs. 11)30
J-D 135»4
94
J-D
StP<fe S City 1st B 6s...l'.)l9 A-0
Ter Trans k 4s. ..11)4' J-J
Ohic* West Ina gen c6s(?lU32 Q-M
IVIicU See Pere Marq
Clue &
84
114
Cm H <& D
100
100
W
CUocO&Uulf SeeCm&V
73. ..1905 A-O
consol
2d
f
1937 J-J
gold 4'2S
Ist K" K5S...1H41 VI-
CinD&I
Cinl&Wlst pru g 48.1953
I St Li & C *?e C C C & St L
Cln S&C SeeCCCStL.
P
Clearfield & Mali See B K
Clev cm C A St L gen g 48 1993
1939
Cairo Ulv l8tgol(148
cm W & M Div 1st g 48.1991
....
....
1311a....
132'8....
I2314....
Chicaffo
8
Atk Low
or
Since
January
Migh No Low High
130%135H2
Mar '04
12934 12934
120 123 H2
28 72% aoH!
110 IIII4
123>«Nov'04
85»3
86
84
II5I2 Ill's Apr '04
130i4l32'«
,
in'4n3'4
11314 J'ly '04
997,
99
Nov'04
97
99 H:
C
WW
103 Sale 102'8 1031*,
lU0i4l01<-j 100 J'ly'04
J-D
J-J
fcl936
Registered
Cln S & CI con lat g 68. .1928
1914
CCCcfc I consol 78
1914
Consol smk lund 78
General consol gold 68. 1934
Registered
1934
let pref 48.1940
Ind Bl <fe
l8t pt 68...itl938
O Ind <fc
Peoi& Eaet l8t con48...1940
1090
Income 48
Ol Lor & Wli oon Ist g 6s. 193
IClev <fc Marietta See Penn RR
,
WW
'
9« 's J'ly '04
99 Hz...
102 ...
J-J
M-N
M-N
M-S
101'-..
100
97
10'2
.
J-J
100%.
M-N
104»4
100»4
fcl936 Q-F
Ist gold 48
Sep '04
Oct '04
Dec'O
95««sl03H2
9934IOII4
98
98%
9934 103
99 100
94'2.Aub'0:!
105
100
.
.
lias.
Jan '04
Nov'04
J-J
J-D
J-D
J-J
J-J
125 '8.
II514 J'ne'04
120 J'ly '03
132^4
130
.
98^4
A-0
Sep
'04
110H2ll5%
'128
"iso"
98
Q-J
98
71 14
99",
VIHj
A-0
Apr
116
A-O
112^2
U6
116
72 »4
7214
88^1
75
88 Si
88
98
71
H?
Feb '04
Feb '04
95
58
100^4
71 Hi
112H2ll2%
116
73
r)(j
88"
82
.
1916 JD
1915 J-D
2000 J-D
Y Lack & Ist 6s.. .1921 J-J
1923
Construction 58
1923 M-N
Term & improve 48
W
/'
109 >« Oct '04
130 J'ly '04
ISOHiAng'O*
140 Oct '98
M-S IO914
M-N l-i6-''8.
1324,.
Ittconsol guar 7s
Registered
l«t ref gu g 3 48
V
130
FA
132H
113'8...
103
ByrBlngAN Yl8t78..1906 A-O
warren ist rergug 3 "38.2000 F-A
'0«1 A Hud let Pa Dlv 78.1917 M-S
...
106's...
,
1917
A S«U 1st con gn 7s.l900
1906
Onar gold 68
BeriJrtered
1906
/ Bens <f Saratoga Ist 7s.l921
Reglatered
19)21
,0*1 BIT BR Brtdge SeePaBB
B
A
ar Ist oon k48. 1986
"•
Qm»«)1 gold 4ia8
1936
(fiAprovement gold6B...1928
lb
VWT
137»4
129»!>Aug'04
114»2J'ly'04
102 Hi Nov'04
108'4J'ly'04
Feb '03
133^ M$r'04
,
149 Atag'Ol
104 .... 106 J'fie'04
102 -tj 103 i8|104 May'Ol
103 Apr'O
l^Bt^Oct'O.
liOHi.
147HiJ'ne'02
M-S
AO
A-O
A-0
MM
M-M
73
90
i-i
ii
J-D
aTWe8tl8tg48...,19»»
'
.
24
NW
110
;p«tM<&Tol S«eL8<feMSo
;Set & Mack iBt Uen g 48.1990 J-D
©old 4a
1995
1961
;I>6t Son 1st g 48
OhioSou Div Istg4s...l941
iDnlA Iron Range Ist 68.. 1937
Begistered
1937
1916
ad 6s
a So Shore <fc Atl g 58..1937
<& M
«8t of M inn See St P
last Ten Va & Ga See So Rv
JMn Jol & East 1st g 58.1941
fBlm Cort & No See Leh& N Y
Jtrie Ist ext gold 43
1947
2d ext gold 68
1919
3d ext gold 4»QS
1923
1920
4th ext gold 68
6th ext gold 48
1928
Ist consol gold 7s
1920
iBt consol g fund 78
1920
Erie 1st con g 48 prior.. 1996
Registered
1990
IBt consol gen Uen g 4s. .1996
Registered
1996
Penn coll tr g 4«
1951
BuflN
Erie 1st 7s. .1910
Bull& S
gold 6s
1908
ChlCife Erie Ist gold 5s. .1982
Jefl RU Ist gu g 5s....al909
Long Bock consol g 68. .1935
:
i^
M
MBr'04
Sep '04
too S«p '04
95 "a Nov'04
^&H
64 Sale
64
63
87 >4 Sale
87 "a
86>a
114»4
114 Nov'04
99
J-D
J-D
M-S
A-O
A-O
J-J
J-J
113^ Sep
118 >«
M-N
'04
127H!l30
128% 133
Registered,
12934
IOOI4 10534
108 "4 109%
133S4 137 "4
106% 108
104
103
142
106
103
146%
34
86
W
99% 110
98
100
10934 114
111
113'4
117%
114
114
11334 J 'ly '04
114's...
10934 110 i-i 109% Sep '04
114 Hi
111 M»y'04
111
114
.„
M-N 116
A-O 60
Sale
J-J
180
Sale
J-J
100
101
FA
68 Hi
102%
'111%.
'
1
AO
fnrohaae money 6a
1997
Kd Kl LI Bkn letoon g 4s 1039 J-J
latest bid
N YN H& H
104
107
107%
104
86%
71
10134104%
100% Sale 100%
101%
1263
99%
9934
37
106%
105%
102
111
103%111
105% 107%
100% 100%
104
10534
110
11034 11034
106% J'ly '04
100^4 Apr '04
1999 J-J
C0I& H V Ist ext g4s.. 1948 A-O
Tex See So Pa*
Honst E &
Houst & Tex Cen See So Pac Co
Illinois Central Ist g4a.. 1951
1951
Registered
1951
Ist gold 3%8
1951
Registered
1951
Extended 1st g 3%8
1951
Ist gold 38 8terbng
1952
CoU Trust gold 48
1952
Registered
W
O&Texgoldli. ...1953
1953
Registered
1950
Cairo Bridge gold 48
I-ouisvllleDiv gold 3%8. 1953
1921
Middle DivregSs
1951
Omaha Div let g 3s
1951
St Louis Div gold 38
1951
Registered
Gold 3%8
1951
Registered
1951
Spring Div Ist g 3%s...l951
Western Lines Ist g 4s. .1951
BeUev & Car Ist 6s
1923
Carb & SUaw Ist g 48.. .1932
Chic St
g 6s.. .1951
1951
Registered
1951
Gold3%s
195!l
Begistered
Memph Div 1st g 4s. ..1951
St L Son 1st gu g4s
1931
Ind Bl & West See C C C ife St L
1935
Ind Dec A
Ist g 58
1st guar gold 58
1936
Ind lU & la Ist g 4s
1960
I ut & Great Nor 1st g 6s. . 1919
2d gold 58
1909
.:
3d gold 48
1921
Iowa Central Ist gold 5b.. 1938
Refanding g48
1951
Jelterson BR See Erie
A
R
See
L
S
<&
S
<fc G
Kal
an A Mich See Tol A O C
112
112% 11334
108% 111
Hi
124
Hi
125
Dec '00
109
100
Oct '04
Oct '04
12214 Ang'04
96
.96'4 0ct '04
and asked thU week. aDneJan
104 H. 10334
96%
95
.
l'J5
.
.
01
%
103% 109
100
100
117%122'4
9.''.%
06V,
93%
86^4 125
Nov'04
88%
80
86<i
94>4 Ang'04
93
95
'99
.
107%
124% 124%
1063«
118
87
93%May'04
119%
98%
106%
104% Sep '04
102% 103 H; 103 Nov'04
102% 104%
102% 103
109 "4 111
100
109%
107%De«'02
106
Mar'04
99 Hj Oct '04
119%i>ale 119 Hi 119%
100% Sale 100% 100 H>
70
71 Nov'04
114%
114% Oct '04
87
8S'4 86
9934
'
96»4
8434
Nov'OO
10534 Nov'04
124% Apr'04
90 Nov'98
119 Nov'Oa
11934 Mat'04
.
122
95
106
101
100
105%
124
114
70
102
101
Mav'99
101% Oct
93 Hi.
115
102% 106
Apr'04
123
86
81
106»4
70
10334
106% Mar'03
96% Nov'04
86^ Sale
81% 85
100
90
101% 102
Oct '01
Nov'04
102
104
102% 101
,103
90%101%
113
Aug'04
Mar'03
9914 Oct 'OS
70 Oct '04
106
;
98
101
118% 122
97 100%
68
71
11
109% 114%
8S
89
68
73^
M
KCFtS&M SeeStL&SF
KCdbMBAB SeeStLASF
Kan C A Pacific See M K & T
Kan City Sou Ist gold 3s.. 1950 A-O
7S
78
63
Side
Lehigh Val (Pa) ooU g 5s. 1997
Leh Val N Y let gu g4%s.l940
Registered
1940
Leh V Ter Ry Ist gu g 68. 1941
1941
Leh V Coal Co Ist gu g 58.1933
I.eh&N Y Ist guarg4s.. 1945
Registered
1945
l8t g 1st pf 68.1914
Gold guar 58
1914
Leh
& Hud R
See Cent of
N
J-J
J-J
llOHi
10334
A-O 116% Sale
A-O 111%
J-J
M-S
M-S
A-O
A-O
78
Oct '00
115%120%
110%114%
110 116%
107%May'04
110% Nov'04
105 Jan '04
116%
IIOH2
10434110%
09
111
99
98%
1'20%
116 Hi Nov'04
1
11214
14
n 2»4 Nov'04
120%
M-N 107%
Hi
107
105
Oct '99
Sep '04
Aag'04
107%
105
116
116%
107
92
111
99
107%.
10534
.
106% Nov'04
100% 106%
J
Leh<fc
<fe
Long Isl'd— let con g58./il931 Q-J
1st consol gold 48
General gold 43
Ferry gold4%3
Gold -Is
Unified gold 4s
Debenture goldSs
1938
1922
1932
1949
1934
1949
116%118
116%Oct'04
116
118
J-D
1024
102% Nov'04
98
103
M-S
J-D
102
100 Oct '04
99 '4 Oct '04
102% Nov'04
110 J'ne'04
102
102
100
/1I93I Q-J
MS
J-D
110
98%
101
114HJ
101 102
107%
104%
113
107% Sep
IO834
10;»
103
122
Sale
Sale
103
121
Salt
103
11434
103%
110
110
100% 103
1
114
98% Sale
116
,
1534
107% 107%
'04
109
103
122
Aug'04
109
2 109
20 100% 104%
23 II5I4I22
114Hill6%
103 H 103
9,S
103%
101% J'ne'04
101% 101%
108>4 108%
9014 J'iy'04
105
109 116%
116'4 0ct '04
9S
9«H/ 187 96% 99%
Ul%11634
11534 Nov 04
on Next I'age.
1995 J
F 108 108%
N 00%...
D
11234 Sale
i)634 Sale
11234
A
S
IO414IO5
105
J
iiy>4
120%J'ue'04
Mnj'04
101
100 Mar'04
10134 A«g'04
125
125
CliGL&Ckf
Con G Cool Cli
iHf giig5a.'3G J
Eq G * F Ch st gu g 68. 190') J
Mu Fuel Gas 1st gu g 5s. 1047 M
."Syracuse Lighting 1st g&s.'Sl J
Trenton G
Kl Ist g 08. .1949 M
1
95%
'4
11234
Oli
J'ly '04
J
10434 No vol
105%
109% 110 lOiiHi 109Hi
107-'4 108% 108%
10S%
102% Nov'04
102%...
N
101%...
102
102
I)
100 ...
106%...
109
Feb'Ol
1947 M S
Istsugus 1937 J J
itofundlng gold us
<fe
101%
99% 99%
96% 102%
lOS^iMiU-'oS
II6H2 112 Mar'02
108%
NY*QElI«fi;P Istcon g6sl930 F A 106% 109
N Y & Rich Gas Ist g 58.1021 M N
Peo Gas & C 2d gu g 6s.. 1904 J D 10134 ....
Istcon gold 6s
125 Sale
1043 A
88
Nov'04
113% Mar'OO
108
WUkesb SeeCentolNJ
Caney Val See Mo P
103% 103% Leroy
131%135% Long Dock See Erie
114
Nov'03
10734
102
94
io5%
Nov'04
61% Oct '01
91%
01%
113
io6%
103
(iRn nnd Electric liight
117% 18 112% 117% LaoGasLofStLl8tg58.«1919 Q
Milwaukee
Gas L Ist 4s. .1927 M
54
70'i
1>36
187^4 174 171% lu:;-'.) Mut Fuel Gas Co See Peoj) iJas
N Y U E L H <fc P g us. ..1948 J
Purchase money g 48. ..1949 F
9934 Nov'04
95% 100
Ed El ill l.st conv g us. .1910 M
105 J'no'03
116
69
111%.
ibo"
W
Ist consol gold 58
'OaaA El6cBergCocg5s.l949 J-D
<»en Electric deb g 3Hi8..1942 F.A
90
91
jOrBapG LCo Ist g 6s. ..1915 F-A
iHudson Co Gas Ist g us.. 1949 M N 104%
iKan City Mo) Gas 1st g 6« 1922 A-O
9!l34
'Klnga Uo El L A P g 58. ..1937 AO 108%
Vo price Trlday;
See
EIO&N
<fe
w.*
107%
10234 11134
86%
103
103
1941 J-J 114 ....
92% 96% l-i2dgold OS
North Ohio Ist gu g 58..1945 A-O 116%117%
37
64%
66% 87% L Sho & Mich S See N Y Cent
lis
1
107
Electric Liftht
iXqGLN Y Ist con g 5s.. 1932 MS
Kq G A Fuel See P O C Co
i_
Sale
99% Sale
Greenbrier Ry See Ches & O
Gull'&Sll8tref&tg58 &1952 J-J
14 an «fe St Jo See C B <fc y
lUISCELLANEOUS BONUS—Continued
I
W
Guar ref gold 48
M-S
Bklyn & Mont Ist g 68. .1911 M-S
Ist 58
191] M-S
N yBc£;MBl8tCong58l93o A-O
N Y <fe R B Ist g OS
1927 M-S
NorSliB Istcon ggu58ol932 Q-J
Louisiana <& Ark 1st g 58.1927 M-S
llo'aSale llSOg llSOfc
109% 115% Liouisv & Nashv gen g 68.1930 J-U
Gold 58
101
102 Nov'04
98 102
1937 M-N
Unified gold 4s
1940 J-J
1O7S2109 107% Nov'04
10mjl()7%
Registered
116
1940 J-J
117 Oct '04
113%117
Coll trust gohl OS
1931 M-N
5-20-yr col tr deed g 4S.1923 A-O
log's.
108% Oct '04 ... 108%111%
E H<fc Nash 1st g 03
112'4,
1919 J-D
6ll06%112Hj
112Hj 112Hi
1st ref 58.1937
2d gold 4>as
1937
General gold 58
1940
Terminallst gold 53.. .1943
Regis 95,000 each. ..1943
MidRRotN J Istges.lUlO
WUkdi Kalstgug 58.1942
SdElIUBku SeeKCoEL&P
,Kd K 111 Se« N Y G <& E L H & r
Mar'98
Nov'04
105
111
86%
Registered
1950 A-0
Kentucky Cent See L <& N
Keok & Des Mo See C B I <& P
Knoxvllle A Ohio See So By
J ake Erie <fe Wist g 5s.. 1937 J-J 119% 121
103Hj8ep'04
135
135
3
130 Aug'03
102 14 4i 96%102'4
10134
98 Ha Jan '04
98% 98H;
913. 253
yiHjSale
91
92
84
88 Nov'04
8534 88
05 H; 83 H834 953<
94
95
96
128
127 >« Nov'04
125% 127%
104 >4
121», 122 Nov'04
116 123
1044
103 Oct '04
103 103
133 »» 135 132 Apr '04
130 132
'04
118
118 J'ly
113% 11834
U3»8
113HiNov'03
114
108 Hi Jan '04
lOSHslOSH;
Coal&RH Istcurgu6s.l922
I>ock<& Imp Ist cur 68.. 1913
N Y & Green L gu g 58.1946
Gas nnd
ft.
1921 J-J
1921 Q-J
L& NO
127
lUi4ll5H2
J'ne'04
17 >e Oct '04
115»«...
102 Hi
135 Sale
132 12
102 >4 Sale
W
Bklyn U Gas 1st con g 53.1945
BaOaloGas Ist g 68
1947
Consol Gas con v deb 6s
1909
OosBnm Gas See P G <& C Co
Detroit City Gas g 5s
1923
DetGtasCocon 1st g 5s. ..1918
Oct '04
107% Nov'04
mi^
123
116
101
J'ne'02
RR
Gt Nor— CB&QcoUtr4s
Reglstereil
Y&
N Y Sus &
109%112%
101 Sale 101
101 v> 20 9634 10134
109
104 >4 J'ly '04
104% 104 14
109 '4 110'^ ir>7»4 Nov'04
103 109
997»2»aie
$9»4
100
26 94 101
8»)
89 >9 Nov'04
83
91
ii Jan 'ua
Coaaol and col trtist is 1949fA.O
j£__'UtahC6nt l8tgng4s (11917 A-O
y'^SIo Gr So gu St« Bio Gr bo
m4a A S West gen s f g 5s 1929 J-O
!J>W Moi ^¥X\i SeeCRAlP
& Minn Se« Ch i&
;Dea
iJ)«aMoi Un By let K&a..iei7 U-N
M
High No Ia>w High
A
LN
116
102
/
Registered
103
iSince
^cc January 1
Nov'04
Oct '04
123
106
112
104
86% 87
Hock Val l8tconsolg4%s.l999 J-J
W
K
\
iVi"
Lme
See Sea
See So Ry
Co
See
So
Pac
Gila V G <fe Nor
Gouv & Oswegat See Y Cent
Penn
Grand Rap<fe Ind See
Gray's Pt Term See St L S
Ga Car & Nor
fl ousatonic
105
103
105
100
ib4'iNoV'oi
Dakc&GlSo SeeCM&StP
MK
&
,.
Fla C <fc Penin See Sea Air Line
Fort St U D Co 1st g 4%s.l941 J-J
1921 J-D
Ft W<fe Den C l8tg63
RioGr 1st g 4s. ..1928 JJ
Ft
See So Pac Co
/ 1 al Har <fe S A
VTalH<feHofl882 Ist 58.1913 A-O
Georgia & Ala See Sea A Line
N
11
Conn <Ss Term Se« N &
Conn & Pas Rirs Ist g 48.1943 A-0
Waco See
<ft T
alias
•©el lack <& Western 78...1907
"Morris* Essex 1st 7s. ..1914
123%
106%
104%
104%
107%
M
M
Ask Low
Bid
AO
&
Bange or
Last Sale
Registered
Q-F
rClerA Mahon Val g68...1938 J-J
Oler A Pitts See Penn Co
1947 J-J
Col Midland Ist g 48
Solorado & Son 1st g 48.. .1929 F-A
Dlnm & Greenv Se4 So Ry
Col <fc Hock Val See Hock Val
iOol
H
Kange
freek's
^iday
Nov 25
Georgia Pacific
<fe
6t L Ulv Ist col tc g 48.. 1990
1990
Registered
Bpr * Col Div Ist g 48.. 1940
Vai Dlv I8tg4s...l940
C I St L <fc C consol 68. .1920
&
Pitts See Penn Co
1st cons 6s. 1921 J-J
<fe T
1942
1st general gold 5s
Ml Vernon 1st gold 68.. 1923 A-O
Snll Co Branch Ist g 5s. 1930 A-O
Ev<fe lud Islcon gug68..U926 J-J
So See Cli
<k St P
h'^argo
See Pore Mar
lintifc Pere
Erie
W&
104 Hi Dec '08
113 Oct '00
114
99
J J
136'4Nov'04
03 Dec '03
132'«NoT'04
12934
Price
STOCK EXCHANGE
Week Ending Nov 25
N. T.
1
Evans
Ch St P & Minn l8tf?6s 191S M-N
Nor Wisconsin Ist 6s...l'J.'<(i J-.T
.
Kange
Last Sale
Bid
BONO?*
Range
WeeK's
Friee
IVidaii
Nov 25
2443
D
!»
110%
87% 90%
105 %113%
96%
90
102 %110
115 4120%
too Hi 102
100 100
101
103
10 118 '4 128
103 1 04%
106 %109%
104
108%
101
10 101
102%
%106
bDneFeb dDneApr cDaeMnr ADaej'ir itDneAne oDaeOot sDneDee *Optloo
sal*
,
.
—
6;
Bond Record
2444
HOM»S
STOCK EX(;HA.V(jE
Week Knium. Nov 25
N. y.
LouiRV
<fc
124
114>a
119
All l8t
1910
10734
B<lgeC())ruK4s..l94r)
.SeeO l& I.
<fe Ch
S
Coal See L S &
98>9
LA Jeft
LN A
M
Mahon
AC
AC
anhattau KTConsol4a.l990
1990
Ko!fi8tere<l
Metropol El iBt e 68.. ..1908 J-J
Coloniz g 58.. ..1934 J-D
Man S
W
A BV
McK'pt
,
income
106
89
116
116
112
lOsmoS'g 1054
106'v
10378
lOS^e
Dec '02
A-O
Stamped guaranteed
MS
1977
79
230
27 Bale
17>3Sale
244
284
194
1189
FA
96
a44Nov'04
17
17)7
90»8J'ly'0]
J-D
106
ii»rOO
NW
W
& Mad See Chic A N W
MU A North Se« Ch M A St P
Minn A St L Ist gold 78.. 1927
142
113
Deo '03
Mil
140
J-D
J-D
A-0
J-D
South West Ex l8tg 78.1910
1934 M-N
let consol gold 68
let and refund gold 48.. 1949 M-S
1909
let gold 78
Ist gold 68. ..1921
2d gold 48
srl990
StLDivlst
ret
J-J
J-J
J-J
g
48.. ..2001
AG
. .
M-N
M-N
M-S
.MS
PA
A ref gold 43. .1929
116
11634
963*
'
J-J
MK
1933 M-N
Kegistered
Verdi V I & W let g 5s. 1926 MS
lis
95
974
,
118
98
974 994
1024
103
86 4
106
106
964108
754 87
984107
SB's
874Nov'04
1064Nov'04
96
94
80
102
1064
86
9S
18
88
10934
Nov*04
10641124
10438
10438
10438 10488
109
Nov'04
Oct '04
1204 Nov'04
107 4 22
107
108
106
109
99
100
110
106
106% 1094
118»8l224
104 1094
108^10©
109
109
964N«>T'04
100 May'Ol
100 ...
J-J 112=8. ...»
96 ..._
1946 J-J
Mortgage gold 4e
MobJ
C let cone g 6b. 1963 J-J
Mob A Ohio new gold 68.. 1927 J-D 128'^ 1301a
122 ....
let extension gold 68..ftl927
1938
97
General gold 48
Montffom Div Ist g 58..1047 F-A 1161s
92 la 06 Si
St L £ Cairo ooU g 48..el930
101 ^..
1931
Gtiaranteed g 48
ooll 4s See Southern
AK
MS
.
MAO
1940
1940
106
110
95
97
68
100
...
...
...
Registered
N YAN E
-08
109% Apr '04
1183«
109% 113%
121
Oof 04
121
J'ly'04
106>4 J'ne'04
121
121
105
106 4Nov'00
1905 J.J
1905 J-J
let 78
1st 68
Nor Pfto—Prior Uen g 48. .1997 Q-J
Registered
1997 Q.J
General lien gold 3s
a2047 Q-F
Registered
a2047
St Paul-DiU Dlv g 48.... 1996
Registered
1996 J-D
n
OBAQooUtr48 SeeGtNor
St P A N P gen g 6s. ...1923
Segistered certUe's..l92S
St Paul A Dul let 58._.1931
2d 5s
„.1917
„
l8t ooneol gold4e
1968
lllHilllJa
"Wash Cent Ist g48
1948
91
96
Nor Pac Ter Co 1st g 6e..l933
Nor Ry Cal See So Pac
128% 128% Nor Wis See C St P
AO
121 ISO
Nor A Mont See
Y Cent
See C C C A St L
964 OInd A
90
hio River RR let g 6s.l986
11841164
General gold 6e
1987
884101
Ore A Cal See So Pac Co
1114Max'04
NoT*04
96
Jan
964M»y'04
128<^ NoT'04
121
Apr '04
U3 1184
U541194
104 1044
22 10^34 106
101 101
11434 Sep '04
101 Nov'04
984NOT'08
101% Nov'04
1024NOV-04
1014101%
10241024
106 4 Sale
106
74% Sale
74 4
98%
F-A 12S%..
1184..
1124..
A-O 108
..
92
..
J.D 1004..
5:y 1184..
45 1004105 4
1124
110
13241824
90
33
26
1254 132%
98 4102%
744 9'^%
874 974
112
112
994 103
104% 1064 111 1014105%
1044 Oct '04
101 104%
74%
754 128 704 76%
Nov'04
744
"3 68% 764
1004 1004
07%1004
1224126
126 Oct '04
182 J'ly'99
112 4J'ly'03
107 Nov'04
964 Ang'04
94 Ang'04
118 NOT'04
10641084
964 964
86
111
94
119
1154Nov'04
110
1174
105
1184
M
N
W
964NoT*04
1024.
1024.
122
121
41064
964 974
N Y A North See N Y C A H
N Y O A W ref l8t g 4s. .(71992 M-S 106 Sale 10434 105
100 Dec '03
Regie S5,000 only
^^1992 M-S
N Y A Put See N Y C A H
NYARB
See Long Island
N Y S A W See Erie
N Y Tex A M See So Pac Co
Nor A South 1st g6e
1941 M-N 11041114 111 NoT'04
130 Aug'03
1931 M-N 131 ...
NorfA West gen g6e
Improvem't A ext g 6s.. 1934 FA 131% 1344 132 -i Nov'04
New River let g 68
1932 A-O 13114 1324 132:'4 Aug'04
N A W Ry 1st con g 48.1996 A-O 100'<4 Sale 10034 1014
74 4 Nov'04
Registered
1996 .\-o
PooahC A G Joint 48.. 1941 J-D '97" Sale 97
974
112 ATig'04
1922 J-J 1094
CO A T let gu g 5b
Scio V A N E let gu g 4e 1989 M-N 102 1024 loa
102%
North Illinois See Chi A N W
North Ohio See L Erie A W
J-D 1154
A-0 11134 112
111
HI 118%
NOT'04
Ore RR A Nav See TJn Pac
Ore Short Line See Un Pac
Oewego
A Rome
See
NYC
OOFAStP SeeCANW
W
I
W
TAP
128'«.
llSSj.
119Sj.
II718.
llS^s.
115 Nov'04
113 Dec "99
1134J'ne'04
113 J'ly'04
104
104
8I34 Sale
NewHAD Se«NYNHAH
N J Juno RR See NY Cent
New A Cin Bdge See Peun Co
N O A N E prior Uen g 6s pl915 A-0
N Y Bkln A Man Boh See L I
N y Cent A H KIT g 3>38. 1997
1234
814
1284
104
82
1244
11041164
120
11341184
113
113
6 100
104
82
174
73
Coast Co let g 6s
1946 J-D
Pac
ac of Missouri See Mo Pac
Panama 1st s fund g448.. 1917
Sink fund subsidy g 68. .1910
Penn Co—Guar Ist g 4S»8.1921
Registered
1921
Guar 348 coU truet reg.1937
Guar 3 Sjs coll tr ser B...iy41
Tr Co
1004 Bale 1004
100 Si Sale 100 4
lOO^s
190i
101
1004
Ang'04
100 S2
99
Dec '02
100»»
09»4
MBy'04
Begletered...^
1906
Lake Shore coUg8>a8...1998
Registered
1998
98»4
994Nov'02
01 1« Sale
90^4
904 Sale
Mich Cent ooll g 3>a8-...1998
994
80
89»8
90
91 Jan '03
1998
Beech Creek let gn g is. 1936
Registered
1936
2d gu gold6e
1936
Beech Cr Ext Istg 3 198 2>1961
Cart A Ad let gu g 48.. .1981
Clearf Bit Coal Iet8r4e.l940
G ouY A Oswe 1st gu g 68 1942
Sale
Regietered
loesiod
1064
98
100
1004
934
994
854 914
86
86
1054J'ly'04
102 Mar'04
104
102
1064
102
PitteFt
2d78
3d 78
Penn RR
914
10241024
1114
1114
102
1114
108
105% 106 4
10534 J'ne'04
NoV98
9S4Dec'03
96% 994
98>4
1184...
U8
1144...
1034An<'03
98
Oct '04
118
120
96
96
...
95%...
964...
964...
1074...
1124...
1124...
IO834
102
94
1949
C let 7e... 1912
1912
...
...
...
96
102
9634
Jan '04
Nov'OO
98% '98%
Apr '04
ll04Aug'04
108
1124 Nov'04
110 Au«'04
104 Sj Oct '04
93 4 Sep '04
127% Oct '02
10934
UO
1124
1064
191U
1943
1912
102 4 Sale
121
119
110
121
119
1044107 4
111 4 Sep '04
106 Ang'03
1034
1104
1124
10141044
9J4
90
1204...
1204...
121 Mar'()4
120 1234 119 Apr '04
107 4 Mar'04
108%...
/11912
Cousol gold OS
Consol gold 4s
Convertible g348
Apr '02
1124
102 4J'ne'04
102 Apr'02
1134
Ist real est g48. 1923
Consol sterling g 6s
1905
Con currency 6e reg...ffl905
1004
96
WA
1124Sale 1124
103%...
100 ...
110%...
106
924..^
924...
97% 984 984
48.1916
Senee E 34 guar g
108 »4
8»»4
3
N
101
9941014
914
994
gn g
Series C 34s
1948
Series D 3S»s
1960
Erie A Pitts gug 3 S>s B.1940
Series C
1940
A C Bdge gen gu g 4 48 1945
P C C A St L gn 4 4s A. . .1940
Series B guar
1942
Series C guar
1942
Seriee D 4s guar
1945
96%101»4
101
certif'8
C St L A P let con g 68.1932
Registered
1932
CI A P gen gu g 4 S>8 ser A. '42
Series B
1942
112h
1997
1890-1905
1890-1906
Regl8t«red
122
NoT'03
121
139
1104
L A 8 let g 84e
1951
I8tg34e
1952
Bat C A Stnr 1st gu g 3s. 1989
914 96
MohawkAMal &e«NYCAH
Monongahela Rlv iS«« B A O
Mont Cent See St P M A M
Morgan'e La & T S«« S P Co
M orris A Essex Se* Del L A
ash Chat A St List 78.1913
N^Ist ooneol gold 6e
1928
Jasper Branch let g 6e..l923
McM M A Al let 6a. .1917
Branch let 68. ...1917
Naah Flor A Shef See L A N
Nat of Mex prior Hen 4^36.1926 J-J
1951 A-O
Ist coneol 48
Debenture g 4s
1931
1931
4b
102 >a Sale 1024 1024
101 1034
116
116 NoT'04
1094116
116»Bll7 1174 1174
111% 118
115 109»4 Oct '03
Qd^e Sale
954
96 116 84" "9l§4
96
96
96% 96 91
97
M ob A Blrm prior lien g 5e 1945
Debt oerU ext g is
129
120
Registered
79
Nov'Ol
103
101«^
Eiv A(J Divl8tg48..1933
Registered
1934
McKeesA BV Ist g6s 1918
Mich Cent let coneol 6«-1909
984101%
1054 100 Sep '03
N Y A Harlem g 3S»e...2000
284
Registered
2000
113%...
194
1154Sep'04
N Y A North let g 58. ..192"
11741194 119 4Aug'()4
R W A Ooxin lBtext68./il922
107%...
11334 Jan '02
Oswe A R 2dgu g 5B...el915
91
96
R WAOTR Ist gug 68.1918
104 Apr '04
106 ...
Ulica A BlkRivgug48.1922
1044104% 1044 1014
N Y Chic A St L let g 4s. 1937
101 Mar'04
Registered
1937
N Y A Greenw Lake See Erie
N Y A Har See N Y C A Hud
N Y Lack AW See D L A W
N Y L E A W See Erie
NYALongBr SeeCentofNJ
N Y A N E See N Y N H 4 H
111 113
New York New Hav A Hart^
1204120 4
181% Apr '03
Honeatonlc R con g 58.. 1937 M-N 1234.
N H A Derby con g 58. .1918 M-N 1074.
60
12
6
984NoT'04
100
109
I<eroyAOVALl8tg5sl926 J-J
tJnilied
lie's*
96 "d
F-A
Pbc R oI Mo let ex g 4s. 1938 FA
2d extended gold Ss... 1938 J-J
St L Ir MA Sgen con g 581931 AG
Gen con stamp gtd g 58 1931 AG
Jan '02
102 ^ 108
86<^Sale
106 Sale
87
102 >4
93
110
103'al04>2
108 109
105 Si 107
105 >«....
121 ....
107 107»4
J-D
A Wa Ist gn gSs... 1940 M-N
KanC APac let g 48... 1990 FA
Mo K A H Ist gn g 58. 1942 AG
1942 M-N
K A Ok let ga Ss
K
MKATofTl8tgug58.1942 M-S
Sber Sb A So 1st gn g 58. 1943 J-D
1906
1920
8tamped.al917
Trust gold '5s
ol917
Registered
1920
Let coU gold 58
Cent Br Ry ist gu g 48.1919
121
99
Dal
Miflsouri Pacific 3d78
iBt consol gold 68
113
98
E-A
Oct '04
1204 Feb '04
Sale
97 J4 Sale
1944 M-N
l8textgold5s
,
112«b
11534
Ex
MinnAStLgu Se«BCRAN
MStPAS8Moong41ntgu'38
M A P let 58 stpd 48 Int gu 1936
MSSMAAl8tg4intgu 1926
Minn Un Sw St P M AM
Mo Kan A Tex Ist g 48.. .1990
120%
1324
2d guar 6s
5e
1094
1054109
98 1014
98 100%
10634
1014 1014
100% Oct 04
100% 101
114 Feb '02
'4
Mich Cent See N Y Cent
Mid ol N J See Erie
See Chic <fe
Mil L S &
Iowa Ex
Mahon CI UR let 5b. .1934
PittsMcK A Yl8tgu6s.l982
SJile
1044
123
10741104
75
79
Mex luternatlstoon k48.1977 M-S
Ist gold 68.. ..1910
1997
KaA<t« K let guc 68.1938
10141074
109 4
1093, 109
1014
99%
J
AG
1917
oollgol(158
1919
series gold 58
Coll tr g4>2S Ist Ser... .1907
2il
Pacific
115
117
High Ao Low Jllgh
1074J'ly'00
105 Oct '02
105 4X0T'0l
1084109% 1084 Nov'04
100',
1174
A Ik Low
1014
109
Debonture g 48
1928
Det Mon A Tol let 7e.l906
97
914 99
108"
Jtange
Since
January 1
mo
let 48 gu... 2361
RegiRt<'red
"f,
116
115 Jau '04
116
116
110 Mar'03
98S Oct '04
Week's
Range or
Last Sale
104
RegiBKred
2361
Lake Shore gold 34»....1997
974 101
4 107 Si
lit;
lOS^e Sale
3s..ffll939 J-ly
gr
Equip*
Mex North
107 4 Oct "04
!)6 4
96 4
West Shore
122
N Y Cent
.See
Metropolitan Kl 6ee Man Ry
Mex Cent oonaol gold 4s.. 1911 J.J
Ist consol income ? 38.al939 JUy
2rt con.'<ol
119
101\
96 Si Bale
115
113
115
5s. .1930
Apr'(l4
J'ne'U2
Nov'O!"
Nov'(l4
122
76
113
TYfce
JfovSS
Bid
104%
rf
Moh A Mai l8tgng48..1991
N J June R (ni iHt 4«...19Sfl
N YAPul8t0ongUK4B 1993
Nor A Mont let gUK 5s. 101
116% M ar'02
101",
107«8
g6R..1921
tni
& N Ala con cii k
Binkfnnd f:oU\i;.s
STOCK EXCHANGE
Wbkk ENULNii Nov 25
N Y Cent A H H—f ConHnur
N. T.
1
122^ Aug'03
108 "i
LAN&MitM l8tK4HiSl94.'5
Life X-South M )olnt 4«.1SI J2
N FlaAS 1st gn « 5s. ..1937
Since
January
[Vol. lxxu.
3
BONDS
HaTii/e
|2
High Ko Low Ulgfi
lC6"8l«6%
106^ Nov'()4
1804 Oct '04
12341804
130S4 18'i
Pensocola Dir roUI6s...1!)20
1921
Bt LDJv IslgolilGs
1980
2<l«roM 38
Heniler BdcPlKtsf pes. 1931
Keutucky Cent »rolil48..1987
or
A Ik Low
ices
<fc
B
Week's
Last Sale
Kange
I^x poI<14'i28...1931
LCln
N O M 1st KoUl (>8....1«30
I'XM)
N O & M -Jil vohl (is
Pens*
J^rUe
JfovaS
Bid
(Continued)
Nasliv
<fe
51
5«
—Continued— Page
11141114
103% 36
94
4ic3%
niISCEM.JiNEOUS BONDS—Continaed on Next Pa«e
Telcfrmph and Telephone
Coal and Iron
A
Col C
I Dev Co gu g 5S.1909 J-J
Col Fuel Co gen gold 68. ..1919 M-N
Col F & I Co gen s I g 5s..l943
Convertible deb g 58.. ..1911
106
102 4 Sale
96
90
86 4 Sale
FA
Trust Cootfs
Contin'tal C
1
et s f
gu 5s g.l962
FA
FA
lliv Coal
Clear C
Jell
fleas ValCoal Ist
enn Coal gen 5e
i
r
'
Tonn Divl8tg6e
ol917
Birm Dlv 1st ooneol 6a. .1917
Cah C M Co l8t gu g 68.1922
Dp liar C A I Co gu g 68.1910
VIron
t;o»l
*No
J-J
J-D
F-A
AC o let g 58.1949 MS
WhaL HA PC0l8tg68.1919
I
A-O
J-J
1024
89
83 4
1024 100
90
26
86% 1179
Am Telep A Tel ooU tr 4a 1929 J-J
105 1074 Comm Cable Co 1st g 48. .2397
9541024 Erie T A Tcoltr gsf 68..1926 f.i
MetT ATlets f g68
1918 M-N
69
01
69 4 86% X Y A N J Tel gen g 5s.. 1920 M-K
35 106% 107%
10241024
107 May'97
102 4 Oct '03
105
'
96%
110
112
100
104
81
9534
110
1124
Sale
Oct '00
96
Sep '04
964
112%
10141184
1124
102 Deo '03
104 4 Oct '04
794
81
32 Jan '00
price Prtday; latest bid and asked this week,
9134
102
10041054
92 664 81
a Due Jaa
b
Due Feb
92
1074
1934 J-J
10234
4
Sis g..
.Ylannincturing Sz Industrial
1915 Q-F
Am Cot OU ext 448
Am Hide A List sfg68.. 1919 M-S
Am Spirits Mfs Ist g68.. 1915
Am Thread Ist col tr 48. ..1919 J-J
MS
Am Tobacco
new)
Tr Co ctfs
4s Morton Truet Co ctle
Bar A S Car Co let g 68. ..1942 J-J
«
Dae May
(
g
(is
90
94 J'ne'04
1004.\pr'02
109 Oct '99
il'64""! 10934 J'ne'04
105 4 J 'ly '03
1044
112
111%
112
West Union col tr cur 58.1938 J-J
Fd and real est g 4 4s. ..1950 M-N
Mut Un Tel s fund 68.. .1911 M-N
NorthwTelguI
1064 Feb '02
gef 5s. 1928 J-J
1961 J-J
Nov'OO
4 Oct '04
107 4 10734
l02 4J'ly'O4
A O l8tg68..1919 A-O
A list g 68.1926 J-D
A
2<l gold 68
1926 J-D
KanA H C A C let s f B68.1951 J-J
Gr
65
107
104
99
98
95
86
110
69%
Sale
100
J'ne'04
J'lr'04
iOO
Oct '04
964 96
Salo
87
Sale
Sale
Due j 'ne A Dae J'ly p Dae Nov
95
87
110
69%
106
s
109% 10934
105
953<
112
10141064
104
104
107
103
94
65
96
S7
6
2
107
107
luo
10334
96
70
82
74
100
9534
96
88
110% 1291 106% 1114
70 2392 63% 70%
Jan
Option
'00
sale.
—
Nov.
—
Bond
19(»4.]
I'G,
BONDS
STOCK EXCHANOK
Week Endino Nov 25
Penn KK Continved)
N. r.
Price
^a.
Alleg Val
C1&
&
9r H
1
104 ....
106
99 »8..110 112
106 107
gu g 4s. ..1942
KU g4''2S..19;r
.i?en
IM.ar 1st
DKK K<fe
Bs;t'lstS!il4sK.'3(>
ex 1 «t i^u u' 4 4;s 1 94
PhllaBaI<feWlstg4s....l!)4S
1943
Eegistered 48
Suu cfc Lewis 1st s- 48...19;'.ii
J KK& Can gen 4s. 1944
107=8.
Ill's.
UN
Pensacola <fc Atl tiee L & JS'asli
Peo & Kast 6'pe C C C <fe St L.
Peo<fc Pek Un Istg 63. ...1921
i)1921
2U sold 4^23
os 1921
Pere Marq— Clicfe
1920
Flint ifc PiM Rl'.s
1939
Isi consol gold 53
Pt Huron Div Istg 5s. 1939
SagTiis<fe H Istmig 4».1931
WM
W
BR
See Penn
Phil B <fe
Plula <& Reading cons 7s. 1911
Pine Creek reg guar 6s. ..1932
Pitts Cm & St Li See Penn Co
Pitts Cleve & To! See B & O
ISee Penn Co
cfe CU
Pitts Ft
19'.
Pitts June Ist gold 68
Pitts & L Erie 2d g 5s...al928
Y Hee N Y Ceu
Pitts McKees
Pitts SU & Li E l8t g 68. ..1940
1943
1st consol gold 5s
West See B O
Pitta
Pitts Y <fc Ash 1st con 58.1927
1997
Reading Co gen g 4s
1997
Registered
Jersey Cent coll g 48. ..1951
Rensselaer <fc Sar See D <fe H
Bich <fe Dan See South Ry
Meek See Southern
Bich
W
&
&
&
Q-F
M-N
J-D
A-O
M-N
A-O
F-A
J.D
J-D
J-J
A-O
A-O
J-J
M-N
J-J
J-J
A
&
Bio Gr West See Ben & Bio Gr
Kio Gr Juno 1st gn g 68.. .1939 J-D
1940 J-J
Bio gr So Ist gold 48
1940 J-J
Guaranteed
Boch <fe Pitts Se«
B R& P
Wat & Og See N Y Cent
Borne
Rutland Ist con g 4'2S
1941 J-J
Rut-Canadl8tgug48...1949 J-J
Tus <fe H See Pere Marq
Sag
tJo&Gr Isi Istg 48. ..1947 J-J
StLiaw<& Adiron Istg 6s. 1996 J.J
1996 A-O
2d gold 68
Bt L 4 Cairo Bee Mob & Ohio
•
Lot!)
Since
Januarii
Hiuh.
BOND?*
Ao Low High Southern Pac Co (Continued)
J-J
Consol g 6s int guar. ..1912 A-O
110 Oct '04
107'^8Nov'04
llOHjSep
108'"
10778
no
N
'04
.
.
.
"-J
IO318...
lOS^s...
127 1321^
llSSg
99 101
981a
893s Sale
"98
1061a Got '04
103\J'ne'04
126 Sep '04
114
114
9914 Nov'04
103»e lOei^i
1031a 10338
12234 127
KC<fcMR<feBl8tgu68.1929
W
OTiaSale
85=8
82«aSalb
97 li
97»4
853b
82
83
10
7
112
911a 100
7013 86«fc
65 >9 83
&
M&
110%
134 «^ 138
1933
Reduced to gold 4ias.. 1933
Registered.
1933
1910
Dakota ext gold 68
Mont ext 1st gold 48
1937
Registered
1937
E Minn 1st div 1st g 6s.. 1908
1948
Nor Div Ist gold 48
1922
Minn Union Istg 6s
1937
Mont C 1st gu g 6s
Registered
1937
1937
Ist guar gold 5s
WLU& S F ist gold 5s.. 1938
Registered
111>Q113'12 Ill's
Nov'04
116isApr'0l
107 'a
11134 Sep '04
1041a 104 la
109>alll34
100 104 "i
10209
May'Ol
102»8Oct'04
102»8l04'a
,
128
35
15
Apr'02
Apr'04
Apr'97
11634 Sep '04
117 Jan '04
118
1201,.
,
133
Il4iall6»4
117 117
6s. ..1913 J-J
110
Jan
11334
Dec '01
'04
110
110
iSi
J-J
105
84
o 1 st gu g 5s 1929
Seab <fe Roa 1st 58
1926
Sher Shr
So See
K T
SU Sp oca U See Atl Coast L
Sod Bay
so 1st g 58
1924 J-J
So Car & Ga See Southern
<fc
JM
M
&
&
&
&
So Pac Co— CoU tr g 4 Sas. 1905 J-D
Gold 48 (Cent Pac coll). /cl 949 J-D
Regi3tered
^1949 J-D
N
Ist gng 58.. ..1941 J-J
Cent Pac Ist ref gu g 4s 1949 F-A
Registered
1949 F-A
Mort guar gold 3Hj8../tl929 J-D
Q»lHarcfc S A Istg 6s. .1910 F-A
2d gold 7s
1906 J-D
Mex & Paclsi s? 63. ...1931 M-N
Gila V G €$! N 1 St gu g 5s. 1924 M-N
Hous E <fe
T 1st g 53.1933 M-N
1st guar 58 red
1933 M-N
W
W
Sale
84
105 ^4
100
100
I06I4
Ii2ia
11034
11034
112
10218...
102
102
96
.
A&
.
65
861s
102^2 1023] 10234 Nov'04
98 Sale
98
98
Ga& Ala Ry lslcon5sol945
Ga Car
Western Div 1st g 5s. ..1935
1935
General gold 5s
Kan & if 1st gu g 48.. ..1990
Tol P &
Ut gold 43.. ..1917
91
"a
10214 102>4
SalP
96
Jan
7
1.^
lOl's
99 '4 Mar'03
89
89
109 ^ Oct '04
103 Sep '04
110 Nov'()4
110 Oct '04
lOTiiOct '04
89 Sole
109'alll
103 105 14
111 113
1051a
104
103 >»
103>aJ'ly'04
977gl02'.2
871-2 9612
8534 94'a
113»8
97
971410218
84
89
7
loo's
100 "a 10334
10538 liaia
105 11014
106'4l07i4
10
103 -a 103 la
1]2'2
113^4 Sale
Loiv
113
113
95
Sinci'
Jaiiuarii
Loiv
11334
110 11334
112 113
90 4 96
951,2
129i2lS0'2
121 1221a
I2912 Nov'04
"a
122
Nov'04
IOS'k....
1161a
10
Sale
89 Sale
106
113
102
Sep '04
Jau'03
109
110
109=8 Sep 'OJ
123
'.i
88 >2
look's
102
110
106
1181a Sale
llSis
1151*
107
IO9I4
lOlSg
110
118
116
116"2
121
J-J
J-J
1-24
1-24
A-O
M-N
M-N
M-S
108
M-S
M-N
M-N
112
12
U834
Feb '04
si7ia
115'2
99 la
115 1171a
9II4 97
90
9U
93
12
la
118
113
117
109
121
11238
124
118
lieia
121^4
11239
11334 124
20
114
112
1
87
25
118
1
112ii>
871a
IO312IIOI8
109
110
.I;m'03
1].-)
116
no
9234
May'04
124
125 Sep '04
118 Oct '04
112i2Sep'04
87i2J'ly'04
I08
108
123 Feb '02
109 Oct '04
lo:-!
11834
114
0cf 04
U238
109
lovi
103
43 111
108
'04
991.
125
IIII4
1-2
963^
Sale
Sale
102 1 0434
112 116 14
lli^i IU'2
uo 119
107 IIOI4
108 108''4
103
101
Oct
99 14
117 '2 Apr'04
97
961a
90 Sep '04
114'2
iW-S
FA
H634
11 5
117-4 120
110^4
88
108
100% 102
Oct '04
Oct '03
113 Oct '04
114i2Apr'04
119 Feb'04
10712 Nov'04
108 Sep '04
103 Oct '04
109 Sep '04
103 Jan '04
11634
J-J
903,
109'«
10534 11034
10434 Sep '04
,
102
100
76
105
90
lllli 110n3Oct'04
1131-2
M-N 121
M-S 11236
104S&107
102
J-J
J-J
J-J
JiK/'l,
127i2Feb'iO-.i
129
121
A-O
J-J
J-J
J-J
J-J
1
Utah
Sep '04
951a
95 'a 97
117
99 100
11818119
96 "a Sale
91
92
M-S
9112.
115'8.
Oct '04
11 Ola May'04
93 Dec '03
11534 Sep '04
1221a 130
117
J'ly'OO
100
110 117
IIOI2II21H
117
100
100
A-O
109»8
II8I4
J.J
100 la Sale
112
110 May'04
118 Oct '04
100
IOOI.J
112'8J'ly'04
FA
A-O
II212II7
1952
Ist refund g48
Pac RR & 1 gr g 4s ...194^
1947
Registered
1911
Ist lien convert 4s
Registered
...1911
Ore Ry & Nav con g 48.1946
Ore Short Line latg 6s. .1922
1946
Ist consol g 5s
1927
4s & participating
1908
Utah & Nor Ist 7s
Un
100
1.J
,
100
110 110
1121411819
98 lOOia
110 112i«
101i2NoT'04
100 102
23 115 122
121
122
97iaNov'04
98
80
llOia....
109iaAug'o4
108 11014
IO6I4IO714 106 '2 Nov'04
1.01
1081a
115
114 Sep '04
II214 115
11034
111 May'04
111 111
107 Sep '04
103 12 10734
1091a
96
96 Oct '04
96
91
93
93
93
93
86
90 Sale
vOi.
90
dO'^
81
82 Sale
81^4
S'J S
96 68
821a
U6\
95i4Sep'04
9514
94
113 "«
IO6I4 113
113 Nov04
'04
"2
93 Oct
9134 9479
106 Sale 106
loo's 91 1 00^4 106 la
10412 Oct 04
10038 104 4
115i4Sale 114
116'2 4520 94 12 1161a
10938 Nov'04
9634 110
103 104 103 '2 IO418 '39 9812 104'*
125 '8 Sale 125 la 125 'f
2 120 14 126 'a
119 la Sale no's 120 '2 42 111 12034
I0334 Sale 104
104 67'^ 9034 104 ''e
M-S lOlHi....
J-D 121 ....
Mar
A-O
J-D
A-O
J-J
J-J
M-N
M-N
J-D
FA
FA
J-J
J-J
Gold OS
1926 J-J
Uni N J RR <fe C Co See Pa R K
Utah Central See Rio Gr Wes
Utah <fc North 6ee Un Pacific
Utica <fe Black R See N Y Cent
See Mo P
er Val 1 nd cfc
V irginia Mid See South Ry
Va & Southw't Ist gu 68.2003 J-J
1939 M-N
W' abash 1st gold 5s
90
96
llOia
10413
112 Dec '03
114 '2 Apr '0'.:
107 110
117'2Sale
111 Sale
107
W
y
2d gold Os
Debenture series
Series
B
1939 FA
1939 J-J
1939 J-J
A
MS
1st lien equii> s tdg 5s. .1921.
Det & Ch Ext Ist g 5s.. 1941 J-J
Des Moiu Div Istg 48. .1939 J-J
Div Istg 3ias
1941 A-O
Tolife ChDiv Istg 48. ..1941 M-S
St Chaa Bridge 1st g 68.1908 A-O
Warren See Del Lac
West
Om
Wash Cent i'eeNorPac
Wash O & W See Southern
West Mary land Istg 48... 1952 K-O
96 118
94iaAug'04
113»8 0ct '04
lOl-a
J-J
J-J
J-J
&
'03
1021;
J-J
FA
M-S
J-J
104
98
10434 104^4
112 Hi
102
105 la 11034
Nov'04
11034 Nov'04
llli4Mtty'03
Bale
9514
Sep 00
10434 J 'ly '04
1101,
101\
96
A-O
M-N
M-N
A-O
W
J.J
TolStLcfeWprlieng3ias.l925
ISeeg
Ask
A-O lOOi... ...
A-O IOII4...
A-O IO214
A-O llSia
1950 A-O
50-year gold 4s
Tor Ham & Butt 1st g 4s. A1946 J-D
11234
Ulster & Del 1st con g 58 1928 J-D
lll'cll2
104 1^
12618.
1341a
J-J
J-J
J-J
J-J
J.J
'30 P-A
W Min Wcfc N W 1st gu 581935
T0I& OC Istg 6s
J-J
106
Seaboard Air Line g 43.. .1950
CoUtrietund g 53
1911
Car Cent Ist con g 48. ..1949
FlaCencfe Pen istg 53.1918
Ist land gr ext g d8...1930
Consoi gold 5s
1943
'
107 «8 112
130 134»8
May '02
140
& Nor Pac See Nor Pac
& S'x City -See C St P M cfcO
t
11038 Nov'04
13458 001 '04
Raniie
Range or
Ala
'-a
851a
J-J
A-O
1st cy gu 4s. .1924
1st con g 6s. .1914 J-J
See L <fc N
Spok FaUsife Nor Istg 6s. 1939 J-J
Stat Isl Ry 1st gu g 4 I3S. . 1943 J-D
&N
Syra Bing <fe JN' Y 6'ee D L & W
'Per A ot St L Ist g 4128..1939
1 Ist con gold 58.... 1894-1944
114
110
99 14
1953
96
Gen refund s f g 4s
6
100
98«8
98»8
98»8
St L M Bge Ter gu g 53.1930
88^1
90 428 79 la go's Tex <& N O See So Pac Co
98
2 94
981a
981a Tex & Pac E Div 1st <; 6s ..1905
2000
U9ia 126
1st gold OS
125k 1 26 Nov'04
89 Sale
65
72OOO
89
89
2dgoldlnc58
89
78
98'2
1931
La Div B L 1st g 53
St Louis So See Illinois Cent
1st g 43 bd ctf8.1989
St L, S
2d g 4s inc bond ctl8...2>1989
1932
Consol gold 48
Gray's PtXer Ist gug 5s 1947
Dul See Nor Pacific
St Paul
Man 2d 68.. .1909
St Paul
1933
Ist consol gold 6s
s
W
W
O <fe
West N C
8
Week's
Last Sale
YTcfcMex gul3tg4s.l912 A-O
No of
llOiiilll
A-O
1920 J-J
.
5-year gold notes 4>a..l908
Lake C 1st g
& T 1st 7s. 1913
1st gold 6s
.
KC Ft S& M cong68..192S
KCFtS&M Ryrefg48l936
SFe Pres& Ph 1st g 5s. ..1942
A A P See So Pac Co
3 F & JM P 1st sink r g 5s. 1919
Sav F & West See Atl Coast L
dcioto Val & N E See iN'or & W
Morgan's La
A&
1906
2d gold 6s Class C
1931
General gold 6s
1931
General gold 6s
St Li<fe S F RR cons g 48. .'96
Southw Div Istg 58.. 1947
1951
Refunding g 4s
3
Gen gold 4s int guar.. 1921 A-O
Waco <fe N W div 1st g 6s '30 M-N
107%
Price
tridav
Nov 25
Rid
H & T C Istg 03 intgu.. 1937
11234 Mar'OO
<fc
3t P
St P
Salt
STOCK EXCHANGE
Week E.nding Nov 25
Y.
2
Nov'97
102
2445
4
Cal lat gu g 63
1907
1938
Guaranteed gold 58
Ore & Cal 1st guar g 5s. 1927
120ViNov'04
120\! ...
120 V. 123V^
APasslstgug4s.l943
S
953.1 ...
101 J'ly'04
98 101
So P of Ar gu Ist g 68.. .<;1909
loy Apr '02
lot's--.
cl910
1st guar K 6s
U.s 122
120''8l21'i 120S,Oct '01
1905
S Pot Cal Istg 6s
111 ...
Nov'04
lU
10734111'^
1905
Ist g 6s series B
1121211334 112i4 0ct '04
1091411^=8
l8tg6sseriesC <fc D...1906
1st g 68 series E<fe F...1912
1912
Istgold 6s
120
n9'4 Apr'04
1191411911^
1937
Ist con guar g 58
187 »ov'97
1905-.. 1937
1261a.
Stamped
S PacofN Mex Ist g6s.. 1911
1905
Tex* N O lst7s
1912
Sabine Div lstg6s
122 "a.
120 Oct '01
1943
Con gold 58
112 12 Dec '02
'Ill
1994
Southern— 1st con g 5s
1994
Registered
114i2Sep'04
117
114 "a 117 1-^
Mob & Ohio coll tr g 4s.. 1938
116
98 J'ly'97
Mem Div Ist g 412-58. ..1996
1951
St Louis div 1st g 4s
114'«n7i-^
\1Z\
1918
1171a Ocf04
AlaCenR 1st g 6s
102 >4 Sale 102
10289 135 9408 102 «8
1948
Atl <fe Danv 1st g 4s
100 Nov'04
1948
98 100
2d 48
68 913b 9734
9618
973.
91^.
Atl & Yad Istg guar 4s 1 949
1916
Col & Greenv 1st 68
E T Va & Ga Div g 63. .1930
1956
Con Ist gold 5s
1938
E Ten reor lien g 5s
lllialie llli2J'ly'04
llOiallli^
1922
Ga Pao Ry Ist g 6s
69
70
68 J'ne'04
&i\ 68
Knox <fc Ohio 1st g 6s. ..1926
1915
Dan
con
68
87
Rich<&
871a Sep '04
g
871a
1927
Deb 5s stamped
Rich <fe Meek Ist g 48.. .1948
»103
10334 M»y'04
1919
10334104
So Car & Ga 1st g 5s
10114 Nov'Ol
Virginia Mid ser C 63. ..1916
1921
Series D 4-5s
9334 94
933*
0334
1926
9334
Series E 5s
84
1936
General 5s
1936
Guar stamped
L A Iron Mount See M P
L K C N See Wabash
StLMBr iSe«TRR Aof StL
8t L €& S Fran 2d g 68 CI B 1906
8t
8t
Range or
Last Sale
Ask
—Concluded—Page
Range
Weelc's
Fridav
Nov £5
Bid
(
Itecora
WestN \& Pa
Isl g 58.. 1937
gold 3-48
1943
Income 5s
dl943
West No Car see South Ry
VaCent<fc P Istg 68. .1911
Wheel'g<fe L E Ist g 58...1926
Wheel Div Ist gold 6s. .1928
Exten <& Imp gold 5s...l93(
192'.;
20.year equip 3 f 5s
194'.'
l8t consol 4s
Wilkes <fc East See Erie
Wil & Slonx F See St P
& >I
Wis Cent 50-yr 1st geu 48.1949
Gen
W
J-J
A-O
Nov
84
89
119
96
0912
1
88 la
89
18 >2 Nov'04
95 14 Nov'04
Sai.-
40
jMar-Ol
Sep '04
Nov'04
lU^a
112
11234 114
II014
112-'8
10 14 May'04
109 Apr'04
1
109 '2
J-J
M-S
9234 Sale
J-J
93
IOGI4 111
95
94
70>4
56
102 102
IO6I4II2
90
97
79^8
83''8
95
95
84
115
93
1184
Mar
1
J-J
FA
100 la 107
I1413II9
83 'a Aug
95 Nov'
85
95ia
101'4
A-O
J-J
Nov
117'2 11
111
11
95 J'ly
"67 "i Sale' 67
6
102 Jan
iri"" iVs" 112
Nov
97 Nov'
100 "2 Aug'04
92 la
93
36
89%
96^
111 113
10914114
1101411014
109 109
100 103
93
30 86
M
Sale
923,
93
90
88 la 93
iMISCEI-LiANEOU.S BO.N US—Concluded.
IVlRnuinctiii-in!;
<.V:
Steel Co deb 5s
Non-conv deben 5s
Int Paper Co l.st con g
111
Int St
Pump
I>IiBCcllniieoU!i
liiiliiNtrial
Consol Tobacco 50-yr g 48.1S51
Registered
1951
Distil Sec Cor conv Ist g 6s. '27
Distill of Araer cell tr g 03.1911
1910
1913
6s. 1918
10-yr conv. 68 '13
Knicker
lce(<;iiic) l.st g 53. '28
Lackaw Steel 1st g .'>»
1923
Nat Starch f;; (;o i.St g 68 1920
Nat Starch (Jo .s dob 68. .1925
Ist g 68... 1946
Stan Rope <fe
M
81 14 Sale
'76'
974
934
92 4
109
Income gold 5h
U S Lealh Co
8
I
1946
deb g68.. 1913
US l'.calty<fc I con v deb g 58 '24
V
S Steel Corp 10.60 yr58.d'6:<
Registered
Moprlce Friday;
April 1963 M-IM
latest bid
and asked.
Sale
3034
104 4 Sale
87
1
T
s'aj'e
47
64
1104
90
73
50
74
96 Sale
95 4 Hale
94 'h Sole
-Jl-HPOle
81 1«
82 832 53»4 83 14
5734 79
79 Nov'04
76
774 6'63 614 774
99 Sep '03
99 Jan '99
9'.;
92
92 Feb'04
109
109
10 105i8l(t9 4
Ui3i4Nov'()4
97 103 4
97 4 Oct '04
97 4 97 V
102 '2 101'.. 103 «23»104 4
90
75
50
64
Sep '04
Nov'04
514
94
1104
1104
94
89 4
96
89 >4
SS*^*
95>,
944
4
Vt4
aDueJan frDuoFeb
Adams Ex col tr g4s
1948 M.S 103 4104
AmDkc&Iinp5s <S'feCeutNJ
Am SS C»of W Va g 5s.... 1920 M-N
FA
B'kl'n FerryColsiconsg58'4H
ChicJCife St Yard col g58.1916 J-J
DetM
Idgr incx»me3..]911 A O
lloboken l.ik I gold 5s. ..1910 ,M-N
AM
Mad
S(i
Garden
1st g5».. 1919
63
100
78
103
sale
63
,
Sale
NoT'04
100
103 >9
60
66»4
10034 J'no'02
63
10734 Nov'04
78
78
10734 107=!«
764 83
M-N
87
.Man Bch H & Lgen g 4h..1940 M-N
Newp Ne Shiji ik 1> l)5a(a990 .IJ
904 X Y Dock 50-yr l.st g 4s.. 1951 KA
63
35
75
52
50
Feb '02
80 "a !i*»
Joseph Stk Yds 1st 4 43. 1930 J J
LTer CupplesStat'n* Prop
Co Istg 4 4s 5-20 year. .191 7 J-I)
9 \
144
1 4
112 112
112 J'ly '04
19 10734 113 4 S Yuba Wat Co con g 6.S..1923 J-J
1134J'ly'00
.Sp
Val Wat Works Ist 6«. 1906 MS
96
984
80
324
6" "8'6'
80
6834 95 14 US Ked&Ref Ist 8fg 68.1931
SO Sale
SO
16083
6834 94
»4'2
6 B8-'4
Due Oct p Duo Xov ? Due Deo sOptionsale
e Duo Mar d Due Apr /iDueJ'ly fc Duo Ang
8;!
92
9234" No'v'"04
St
St
^
S
4
BOSTON STOCK EXOHANaE-Stock
Record, Daily,
Share Prices — Not Per Centum Pricen
Saluriiai/
Monday
Tuesday
Sov. 19
Sov.'Jl
A'oP.aJ
30 V
80
86
86 Vj
86
ll3
lU3">8U'33t.
•25-2
263
26-2
164^4 155
'•in
156
242
107
•25J
155
130
'•ii'i
•166
167
•30'i"
'.'.'.'.'.
*16U
163
nii"
'.'.'.'.'.
Wi"
161
•81
•81
187
197
203
76
80
o2
203
•
•
•SO
•40
60
•93
95
lU38ll5>t,
•94 >a ye
155
....
167
303" 303'
50 >a 162
*iS6
141
141
50
•81
50
140
60
83
•81
16
16
69
60
23 « 23 »*
196^4 197
19G'2l97
203
229
203
•75
60
203
75
80
53
•40
94
50
94
•160
16
1638
16
60>Q 61^4
23 »4 23^4
HI
92
112
14'2
50
83
16
62
23
Thursday
Nov.
THANK8GIVINU
88 14
103-is
DAY.
203
75
80
62
•76
62
I6714
95 ij
173 173
92
92
II213II2V!
92
112
196Hi
20313
Last Sale 75
79Hi
60
i5 14
40
94
82
8218 83
6
6
*25'4
151^6 152'.
139>al40'ii
lay
145
145 '4
24 14
145
2a
9U
90^4
334
•
7
7
82 «» 8258
194
1S4
2
2
119
18
7
134
12
231
8
113
•...„. 23
•26
242
190
413s
8236
195
2 -a
12
231
8
113
107
68
93
195
23,
134
24 -a
91
4114
8218
• 192
21,
2:134
241
186
41 Vi 411.
23,
134
230
232
9
9
II2I2II312
23
«26
'
4Sg
108
68
107
5834
•31H 31H
45g
108^4
eO'-4
31 »a 31 'g
26 '8
27",
a7i» 28
87 >9
83
88
22>9
864
•96
8«*»
...
*t9
-96
7»i«
80\4
C
I8ia
7934
13
18 14
13
6
18
6
18
2'a
lia
S2
2'i!
l"!!
19 >a 20
38
8734
•96
73,
1
"706
680
670
•20
•25
2934 2934
712
"45
•46
U
•11
71>a 72
14
13
•
623,
Ue^s
9534
3
6Si
26
3
301a 31 14
714
7
lia
134
10
10
66 19 56
412
*'.'.'.'.'.'.
5
'"i"
28
28
9434
95
32>-j
3:^3^
4
4
120
•2
123
Si
234
278
27a
77t
7'»ie
•136
138
2 la
2 i-i
1638
I6I4
"2"4''^"2434
I2I4
4534
I211!
514
61.;
Ill*
107
234
238
11»
46'4
1134
108
23^
22
100
90
100
1447914514
2234 24 14
91
93
33j
'
117
119
242
190
1
714
685
2
•8
23
23
60
61
311a
1413
31'',
89
6I4
13
I314
II32
7-',
30I4
71a
2
2
!«
1
I713
3734
•90
714
308
la
«
30
'/la
•45
14
13
•61 Hi 6234
114 114
3
3H,
1234 13Hi
6H. 6II16
2i>
13^
IHi
28
98
2b =h
3
31
8
IHi
4 '4
120
31 34
3 34
2
2^4
-^Jj
778
9I16
8 34
136
2 Hi
3il '4
16
24Hi"25"
1214
4534 40 14
6 Hi
5 H
1134 12
109
23,
3l>
3
2
'8
y\
2434
12 '4
25
12
4434
5 '4
46
llifl
108
5
-4
•20
-20
28
39
28 H)
7
7
-40
7H4
•35
660
11
70
703,
I3I4
617»
1378
61 7e
fk
"3"""33s
3
1218
234
234
6T19
o^'*
29
29 Hi
3
30^
30
7^
«
13t
10
4»i8
LattSale
Hi
3
1 20
95
1
3Hi
14
"24ii"25"-'s
s,
I214 I214
44Hi 45
llib
2«,
11
106
113
Oct '04
Kov'04
4
1073,
69
32
287e
94
21 Hi
Jan 2
Jan 27
50
83
292
Jan 21
'-4
Mfg... 50
60
133
IllO
Jan 170
Aug 286
J'ly 143
514
III4
IO7I4
214
2 Hi
Mar
Feb
Feb
Hi
Oct
Not
7
1
'
91
Ha
6634
Jan
Oct
Aug
3734
Feb
96
Jan
Apr
226 Jan
173 H) Mar
232 Mar
212 Hi Feb
281^
May
91
85
71
25
Jan
Jan
Jan
8434 Jan
104 Hi Jan
104HiJan
95 Jan
86i4ilar
95 "a Nov 7 83 H, Oct
16 160 May 16 173 Novz2 zl62 Sep 178 Feb
221
Jan 4 93 Marie 87 Hi Aug 97 Feb
20 108 Jan 4 113i8Apr26 108 Sep 116 Feb
16i4J'ly27 17 Hi Feb 26 15 Hi Nov 2638Jait
37H2>^'ly27 4014 J'iylb 38 4 J'ly 52 Jaa
145 Jan 7 146 Jan 7 144 Sep 160 jm;
Aug22 223
Nov22 138
44'4Angl8 30
86I4
Aprl2
Dec 310
265
194
8434 Oct 25
r«b
Feb
Nov23
Novly
Sep 204
J'ly
74i4J'l>^
4834
Feb
Feb
Feb
8ri7gFeb
Aug 190 FeblisOct
2HiJan
135 Hi Oct 29 121 Nov 139 Jan
4 Jan 2b
9 Apr 20 Jaa
ly6
234
J'ly
I6434
1
Nov21 197 J'ly 237
Nov2
6HiDec 10
116 Oct 10
22HiJ'iyie
26 N0VI6
6 Oct 29
99
25
Jan
Feb
Jan
J'ne 2634 Jan
28
J'ly
J'nelo
91
Nov22
38 Hi Oct
27 Aug
Sep
7
7134 Oct
9 Oct
33 J'li"
10 Nov
9
113
61
32
Oct 20
14=8>^o'«'18
95i8Nov23
34 Novlb
90 Nov23
2S7(,Nov2
94 Nov;:5
Jan 14
23HiNovl4
Marl4
IOOH1N0VI4
76
36 7534 J'ne28 90 Nov22
t90i«Aue 8 100 Jan 15
50
'iKo
145
Nov 26
9
66H1N0T
3 Sep
7 Mar
12 Sep 24 Mar
122H2^'*^li24 15214 T^'^ovlS 10738 Oct 134 14 Jan
1221-. Jan 5 141
Nov 17 116 Aug 123 Hj Deo
II9I4 FeblO 14534 Novl8 114HiOct 169 Hi Feb
634 Oct
9 Feb 19 21HiNov21
147gFeb
65 Oct 79i4Jan
68H2 Jaul9 93 Nov21
4 Sep 23
3HiJ'ly
3 Hi Mar28
534 Jan
112Hi'Jiiul5 1197900125 115 Oct 127 Jan
714 J'nel3 1 9 3^ Nov 12
61a Nov 6214 Jan
71*00*12
5 Hi Oct
5 Hi Jan 23
834 Jaa
17
&
Jan
39 Hi Jan
Dec 83 Hi Jan
Mai 42 Mar
Apr26 173HiMaj 180 Fet>
Jan 15 42 Feb 3
May25 95 Hi J'ly b
7ia8Marl4 1167gNov21
87
232
prel
Apr
177 Apr
J'ly 305
Mar
Sep 157 Jan
Not 125 Jan
Nov 196 Hi Mar
J'nt-
"i76 40
6,295
50
8 Oct 10
606 208 Marl 5
102
(3 Hi Jan 19
471 X9934 Mar 21
Torrlngton Class A.. 25
22HiJ'lyl8
Do pref
25
24 Hi Oct 21
120
Jan 16
Union Cop L'd <&> Mg. 25
2
United Fruit
100 2,517 96 Feb 8
United Shoe ilach... 25 2,685 45i4Feb26
592 28 Jan 2b
Do pref
26
300
BHiMayU
100
U S Leather
100 77 Jan 16
Do pref
100
1034 Feb
100
U S Rubber
110 40 Hi "fan
Do pref
100
838 May 13
100 18,641
U S Steel Corp
Do pref
100 20,650 6H8Mayl3
Do
Ang 250
J'ne 195
J'ly
100
Westing El
1161
|170
i290
Jan27 75 Dec
605
Apr 25 23'4Nov22
5
838 Not
440 185H:May2" 199 Oct '22 tlSSHiMa)
159 Aug24 lt;3HiApr 7 161 14 Dec
222 Jan 29 232 Apr 21 220 Sep
198 J'uel3 207 Apr 21 196 Ang
J'ly
74 J^ly2( bOHjFeb 1
10 68 Mail7 79HiNov25
Sep
630 28 Aug 12 67 Oct
J'ly
Pullman Co
100
Reece Button-Hole.. 10
Swift & Co
100
West End Land
25
West Telep & Teleg.lOO
Do pref
100
J'ne 262HiFel>
Autr 154 Jan
J'nelO 270
Nov23 131
Nov22 25
AugJ8 76
42
•75
6HiJ'iie
77eNovll
AdventureCon
25 1,372 75 Aug 3
AUouez
25 12,50o d33ijMar b (21 Novl5
Feb
36,167
Amalgamated CopperlOO
43
b 82 N0VI8
Mar 15
Mar'04 Amer Gold Dredging
1
76 Mar21
'605
1234 Am Zinc Lead & Sm. 2
8 F'eb23 14 Oct 14
Anaconda
1538 Feb 24 2934 Nov] 6
26
Arcadian
3 Novl4
2
26 1,220 25 Feb 2
1838
783.
740
26
26 13,065
Arnold
18 14 Atlantic
Bingham Con Minife S 50
38
14,889
•90
Bonanza (Dev Co)... 10 2,175
7H. BostouConC&G (rct«)£l 12,900
7H2
•35
7034
14
3
1234
^\
7
19
J'ly26
J'ly
Jan
134
132
2934 Jan5 Apr
Aug 111
4934
•50
7 Hi
Jaa
63 Jan
31 Hi Feb
15 Is Feb
95HiMa»
18HiFe»i
57Hi Jan'
397eFeb
Nov 89S8<Ian
Jan
Mar
HO
Nov 28
Jan.
Feb
F«b
Oct 102
Oct 108
8O34 Oct 110
Jan
Dec
Jan
71
67
6,965
3,890
0Hiiluy21
3
2
314 Jan
333, Oct
•50
Feb
6 Jan
15=8 J'ly
Sep
Api
Oct
•75
•23
7
'
& UecU
801*
3
3034 isle iloyaiu (Copper).
778 JIass Consoi
26
lH]Novl4
Feb 11 22I4N0VI2
Mar 2 3834N0V2
Mayl4 13igNovl5
39
6 Oct 27
Jan 4
178
435
25
Catalpa (Silver)
10 4,050 05 Apr 23
4,630
dl4Hil''eb
Centennial
b
25
60
Central Oil
67eJ'ly25
25
Cons Mercur Gold... 5 4,460 20 J'lyl6
20
Continental Zinc
7 Hi -Apr 6
26
Copper Range Con Col 00 16,89ft 38 Fob 23
DaJy-West
20 2,703 1034 Aug 1
100 40 J'ue29
Dominion Coal
100
10 103 Jly 6
Do prel
100
134J'ue27
840
Elm Biver
12
Franklin
7 J'ne 2
25 1,126
GrauUy Consolidated. 10 49,774 2^Marlb
Greene Consolidated. 10 24,830 20 Oct 19
3,180 •62 Hi l^'eb 10
Uuauajualo CousoL.
Calumet
29
20
Feb
7
Dec
Dec
20
'40
2
27
Hi
96
30
Old Colony
Old Dominion
Osceola
lio
25
2
"'i25 •50 J'ne
9 14 Feb
4,201
1.1! 70
53 Feb
2,560 2u34 Feb
'4
25
13234
10
75
li4Feb
1234
Mar
31i«Feb
6 1« Feb
Mar
95
14 18 Feb
39 Hi Feb
90 Mar
Oct 18 loiaSep 16 Mar
14
74 Hi ^'ov 18 37 J'li^ 75 Feb
36 Jau •/ 31 Not 48 Hi May
72 Jan 2 59 Hi Oct 131 '8 Jan
114 Nov2-2 106 Oct 118Hii"eb
2 Oct
4 Nov 2
5 Mar
15HiNovl2
7 J'ly 14 Feb
o'sNovlS
30i8Nov26
3i&l8Novlli
3514
b'4
2
Novll
aNovU
334 J'ly
Dec
•50
5i4J'ly
3 J'ly
1
•_"4Novl4
28 '4 Nov 17
98 Novlti
33 Si NoviS
Phienix Consoi
»B6forepay'tofa8aes8'tsoalledlnl903. tiBeforepay'totassess'tsoaUedinlOOi. 'Bid and as ted. aNewstocK. fAss'tpaiO.
8H3lVIar
NovlO 400 J'l; 551 Mar
Nov 18 OS Fe 10 Feb
Novil 12 J'ly 3 178 Feb
May20
534 Sep
9HjJ'ly
•35
Jan
No\ 1*7 aa Jan
Parrott(ailvd5 Copp) 10
25 1,60.". d-bii Aug
f5 JSovil
115
116 Qutncy
261 80 i'eb;
25
125 NovlS
610 00 ilay:
2Hj
2 Hi Rhode island
25
o Novll
234
li8J'ne24
234 Santa Fe(,U old ct Cop) 10 1,619
Xovi4
3
9*^
lOH Sliauuon
10 53,388
3H2 Augl- 10i8Nov25
125
•iyj 85
Mtty3 140 NovlU
127 Tamarack
25
313
j-..
4 Nov 22
25 4,920 •25 J'ne20
3H! Tecumseh
5U0 34 NoviO 39 73 Nov. 8
...... Tennessee....
25
13'-> Trinity
334 Mai25 18 Hi Nov r.:
IS
25 11,94-.
6
Mar'oil United Copper
6 Marlu
6 Marli'
100
253j UnitedSlatcs Mining 25 50,000 18 Jan 4 257gNov22
24H»
12
I214 Unit States Coal &Oii 25 3,2ir
o ig J an 4 1234 Novl8
4434
45 14 Utah Con (Gold)
Jan 2 47 Novlb
5 13,421 30
2i8J'n6ll
6
5 Is Victoria
25 1,099
63eNovl4
1114
111* Winona
Feb -23 133gNovl2
26 1,7?5
5
821 69 Jan D 109 N0VI6
108
109 Wolverine
25
2=8 Wyandot
Feb 23 f3 Nov
2Hj
251 1,787 50
3
18
75^ Mar
78Novl7
700
i-i
9
5I4
Hi
314
234
't
14
iifl
0^0
Hi
•2H)
13
Jan 25 285
J'ne 6 142
3 170 J'ne 7 175
1,229 lli4Sep 10 24
1,616 62'4 Oct 21 8OI4
Jfc
pref
Aag S97eJaa
Aug 103 14 Jan
Il34
i230
50
Nov
4n0 •45 J'lyl5
Mayilower
25
3i.,J')i«»10 11
>."ovl4
To"' Michigan
1,435
434
3,263 34 'b Feb b 57HiNovl8 31
65 Hi Alohawk
2I4 Jan 1
495
4Hj
4^. Montana Coaliic Coke 25
0', Aug30
•55
•40 J'ly 6
Oct'04 Mont 1V5 Boston ctfs..
1=8 Sep
2
27Hi
27 14 2b Hi
95
91
•2934 32
3
242 Hi Nov 5
169HiJ'lyl3
174 Oct 7
303 Oct 2
Oct 22
1 54
124 Hi Jan 1!<
10
65
54 14 65
47ia
9
660
11
12H)
276
216 133
450 24 14
73
Amer Sugar Refin
100 9,604
4jy
Do pref
100
Amer Telep Teleg.lOO 3,789
Amer Woolen
100 22,736
Do pref
100 4^9
Do
231
••>•*•
LattSale
109
Hi
•ao
670
125
4
39-4
16
2
-.1
2%
I4
14
•90
2
13u
125
,,,„,
17Hi
37*^
•90
73»
665
2
119
117
Hi
Hf
•75
2
I213
5
2834
85
6H!
1234
II4
734
II4
934
93
54I4
|244
Uigluit
itliuing
6
173«
7634
2
134
223,
Oct '04
28
29
28
97 H;
95
32 h
2
..
27
DAY.
LattSale
1314
14
•38
70-3 7234
2"
Hi
13
THANKS.
GIVING
7H)
•20
Hi
2 34
2
6H1
383g
29
2',
•90
18
434
108
6I4
Hi
100
92
LattSalt 94
18
18Hi
77 i^ 783^
149H2
138
145
!Iov'04
*......
100
3734
•20
734
6
14
99
91
105
19 Hi
380
28Hi
2734
9934
887gNov26
Nov25
Nov 17
155 NovlT
104
2.^3
Miscellaneous
AmerAgricul Chem.lOO 2,660 12HiAprl4 2ia8Nov22
100 1.111 71 Jan 5 83HiNov22
Do pref
942
o^ Amer Pneu Serv
638 Nov 6
50
3HiS'eb 4
26
89 17 Feb27 27 Hi Sep lb
Do pref
50
Nov'04
LattSale 60
3834
670
•42
LattSale 34
21 Hi
•1
17
1
3134
901,
28
434
12
89
99
•89
•95
10
'a
8884 90
267g 2734
••70
5534
15
60
'
6H2
4
107
68
3134 32
I418 I418
95i« 95i«
2818
9038
22
100
90
105
LattBale\32^
La$tSale2S^
413
10514 107 1«
I412
10
130
....
69
i.'4i4
la
•26
•4
4I2
1001310715,
Connecticut Rivor...lOO
Fitchburg pref
100
Oa By <fc Electric
100
Do pref
100
Houston El'tric com. 100
Maine Central
100
il ass Electric Cos
100
Do pref
100
Mexican Central
100
N
H & Hart.. ..100
Northern N H
100
Norwich & Wor prellOO
Old Colony
100
Pere Marquette
100
Do pref
100
Rutland pref
100
Savannah Elec com. .100
Seattle Electric
100
Do pref
100
Union Pacific
100
Do pref
100
Vermont & Hom
100
West End St
50
Do pref
50
Wisconsin Central... 100
Do pref
100
Wore Nash & Boch..lOO
Lowest
J'neU IhO Novl7 !184
Apr 6 162 Hi Jan 4 160
180
100
m
238
231
H)l^
•J
196
231
65 "b
32
4
120
4118
s2ig
231
10
2734
951a
7
9
834
9
II212II212 *112iall3
•26
•4
rllOHiJ'nel
Sep '04 Boston Laud
10
Nov'04 Cumberl Telep <fe Tel 100
18 Dominion Iron & St
1,315
•BHi
7
275
East Boston Land
245
246 Edison Elec IUnjn...lOO
4«5 230 Feb2b
•191
193 General Electric
100 1,294 al51 J'ne22
41
41 Maas'chnsettsGasCoslOO 2,395 373g Mario
82
82
Do pref
100 2,890 77a,Mail4
193
196 Mergenthaler Lino. .100
191 173 J'ne 2
•2
Apr 30
9,804
2H2 Mexican Telephone. . ?
134
134 N E Telephone
132 118 Feb 23
luo
1
15U
1
aOct 11
PlantComt'ststkcomlOO
192
2
64 Marl4
236 HH Jan 7
43 2393^ J -De 7
255 a;137 Feb
230 Marll
347 158 Aug 3
106 Apr Hi
4 295 Feb 24
125 136 J'uelu
18
24634
lor J^evio^m
year (1903)
83 Hi
Last Sale 4
232
65
"2
e-a
Hange
Hiahesl
7,006
LattSale 119
163^
834
13i«
13
5
33.
119
231
8034
21a
li*
92
923,
134
7334
538 6II18
27
2b34
3
2313a
30-8 31 12
134
144^8
2134
134
183.
13 '4 14
•01 la 02 12
7I4
145
23
133
18
'•46" •45
•11
14
7134 73
13
138 Hi
16=a
21s
1914
Bli^
23
2934
14738
13934
133
•95
685
•20
15018
138
144
22
92
245
190
4118 4II4
41
8178 8218
82
195 195 13 196
90
6I4
148
•
246
194
26
2514
•117
1734
7
1734
7
83
5Hl
25i«
92
Aug'04
Aug'04
Aug'04
37-'a
83
83
NoT'04
•112Hi
•19>9 21
•2514
14934 I6214
13912 140
22
100
1914 20
3713 373,
313
13
21»8
831a
6
••70
•201a
100
•100
534
2714
89 14
•70
••70
•
83
1453.
17^4
-6S.
•241 241
181ial85
2038
140
33,
*117»all9
• 1734 18
•
20 12
20
20X4
94 Hi
115 \
92
Last Sale
79Hi
50
Oct '03
60
Loweit
Sliaret
ItnilrondN
Atch Top cfe Santa FelOO
Do pref
100
Boslon <fe Albany
100
BoHton Klevated
100
Boston <fc Lowell
100
Boston & Maine
100
l>o
pref
100
Boston & ProvirtencelOO
Chic June Ky& U8Y100
Do pref
100
YN
203 h)
NoT'04
Year
lor
1904
Week
Conn & Pass Uiv pref 1 00
196Hi
£anye
the
Con& MonlCla»H4..100
Aug'04
LattSale 145
82 12
6\
6
•25>4 26
160 15134
'04
•302
152
152
LattSalt 285 Hi Nov'04
l»-5
185
LaitSalt 160
Sep '04
Last Sale 483
Oct '04
140
140
•50
hast Sale Si Hi Nov'04
Last Sale 4J
Mar'03
172Hi 172 Hi
16
16
62
62 Hi
•22 Hi
23 Hi
LastSale
20
82
1671
Oct
lUSjlie
115
•941a 95^ LastSalf 9iHz
<)4'a
02
Nov'Ol
'.J
Latt Salt 170
•40
50
94 14 94 14
41
95
•93
154'*
l.''«4
LattSale 165
203
88 7(
104
252 Hi
Latl Sale 242
ot
EXCHANGE
Nov. 25
'J
Weekly and Yearly
Sales
BOSTON STOCK
fYidav
LattSale
41
'94'2
•Ul"a
".'.'.'.'.
.STOCKS
19613 19634
229
203
75
80
54
•75
63
162
2234
11534 lieoe
92
92
1
142
50
83
49
86 Hi
103 '4 1031a
252 '25211
154 154
•242
166ial67
103^4
1425215
'302
161
140
16
69
16
6<J
'.'.'.'.'.
88 14
87 >8
183
140
60
83
140
-49
167
Wedne$itay
Nov. 23
211
1
t Fix-rights,
Nov
Oct
Hi
16
2
Nov
J'ne
-50
5
13
Dec
Dec
J'ly
7^
J'ly
J'ly
Dec
5 Is Apr
Jan
3
17 Hi Feb
18 Feb
2HiJau
68
Feb
Feb
8
Mar
2°8
Jan
11
Hi
2 Hi F'eb
23HjFeb
79 Feb
34 Feb
7i9i"eu
Oct 126 Hj Feb
SO
Nov
•75
1
J'ly
7
Dec
75
J'ly
Nov
•25
1734
Jan
4i4J'iy
4 DeO
16i4J'ly
8 Dec
4
190 leb
l«iaFeb
3334
Jan
Hi Bee
Oct
Mar
Feb
Jau
27 Hi Feb
14
3134
17
33=8
9
1
5 Hi J'ly 1 1434
77
J'ly
61
22
Feb
3 Jan
1478 Apr
Mar
May
Feb
Mar
Mar
27gMaC
a Ex-dl v. &ngbu
j
J
6
J
BONDtS
So^
Range or
Since
Last Sale
January 1
Ask Low
99»4
95=8
JJ-
Adjustraent g48....J'lyl995
M
Chlc&NoMlchlBtgTi5s.l931
Mich gen 58. ...1921
Chic &
Concord <fe Mont cons 48.. 1920
Conn & Pass R Ist g 4s.. .1943
W
Nov
M.S
M-S
J-
J-
113 14.
J-J
J-J
loo's.
991s.
112»u Jan '03
112^8 Oct '04
10034 Sep '04
99'>4
Nov'04
100 J'ne'Ol
A-0
129 >« Sep '04
M-N 129>a
117>4 Feb'03
J-D 113
79 Sale
79
80
Q-F
100 Sep '04
J-J
107 Jan '04
A-O
IOOI4 Feb '04
A-O
M-N
M-N
105 J'ne'04
100 J'ne'o4
106 14 Dec '02
M-S
99%
99^8
J-J
94
F-A
J-J
Sep
107 »a 107
99 J4
..
A-O
'04
107
99 14
1231a Apr '04
105>al08'i2 10534 Nov'04
108
108
108
10914 Mar'02
II214 Jan '03
M-N
J-D
J-D
A-O
100
98
107
103
100
98
100
98
107 »a
1071a
IO314
10314
102 Hz Apr '04
11154 MBy'02
Fremt Elk AMoVlst6s..l933A-0 138
1933 A-O 138
Unatamped 1st 6s
GtNor CB&QcoUtr4sl921 J-J
I3712 Aug'04
Feb '04
137
99
99^8
9334
9334
9834
Sale
1921 Q-J
Note — Buyer pays accrued interest in addition to the purchase price tor all Boston Bonds.
Share Prices—Not Per Centum Prices
Monday
Tuesday
Nov. 81
No9.ai
Saturday
Nov. 19
82
83
104 1« 103
82
104
81 Hi
81
10434 105
1934 19^8
89 >« 8914
834
8<W
19»g
3914
19^8
194
39^
8°B
9°B
38^8
9
83
103Hi
19 »8
39 >•
Wednesday
Not. as
83
102
19i«
lYiday
Nov. 94
Nov. 25
38 >4 89
4934
26<^
8»4 6l3i8
1314
13
10^ 10^4
1334 1334
4914
49^t
Since
January 1
Ask Low
100
Baltimore
Consolidated Gas
Northern Central
Sale
100 Hi
105 4 Nov'04
I24I4
97
9212
106i4Sa]e
28
97
91
97
IO6I4
91
Nov'04
7638
10018 10134
I20I4 122
7
5818
7638
8
13
25
102H2l02Hj
17 93
97 H2
10134 1023a
102 103
10218 104 14
106 1« Mar'03
100 14 IUOI4
IOOI4 Nov'04
100^1.
11 100i4l02H»
100 14 10ia»
IO4I4IO4I4
lOlHzlOlHj
I2OH2I2I
103 Is 1034*
I0414 J'ne'04
101% J'ne'04
121
J'ly '04
1031* Aug'04
102 Mai'02
96 Nov'04
103 W2 Nov'04
107 Feb'O:-;
104 Nov'04
96
91
96
100
10334
100*8 105 Hi
94 II214
II2I4 Nov'04
1083, IO912 109
109
S038 Sep '04
IOOH2II3
7138 >:-03g
102^4
102
102i4Sep'04
105i8Ma}'04
10234
105Hj105i«
Apr '03
102 Hi Oct '04
102 Hi 1023j
10234 Sale
10134 102
93
18
871-4 J'ly '01
112
112
1638
6'8
94 14
94'.2
10238 Oct '04
103 Aug'04
103 Apr'04
100 Si.
118
118
7038
26
1638 Nov'04
75 J'ne'03
IO2I2 Ang'04
25
9414.
99
iooHj
12818
10038
97
107 Hi no
117 12434
92
96Hj
92 Hj
81
IO2H2IO6I4
106 14 10ft i«
106
100isNov'(;4
120i2Sep'04
102 J'iie'03
118 Mnv'04
Hz
U2
Sep '04
aud asked.
Hj
103
112
H
1 Trust Co. ctfs.
Weekly, Yearly
Daily,
Range Tor year
1904
the
11334
1243^
IO6I4
^4
95
103
Low High
96
IOOS2
128i8J'ne'04
10038 Oct '04
12434 Sale
91112
A'o
lOOi^a
107 12
latest bid
;
Hiqh
Oct '04
99
la
Range
lor Previous
Year (1903)
Week
Stocks see below)
Shares
100
50
88?
187
101, 19V, Seaboard Air Line
100
100
38»4 3334
Do pref
0l8 10
United By
Electric 60
1,695
1.183
7,440
83
83
*101Hil03
9V
Friday
Sales
ot
Cfor Bonds and Inactive
Thursday
I919
8»4
No price
ACTIVE STOCItS
84
102
8Hi
»
Exchanges— Stock Record,
Philadelphia and Baltimore Stock
Week's
Range or
Last Sale
Illinois Steel
NYAN
125'-j J'ly '04
J-J
J-J
1906 M-S
1915 M-S
1927 M-S
Bes:i8tered48
Mar'03
101
Eange
Price
Frldav
Nov 25
Bid
deben 58
1910
Non-convert deben 08...1913
109 110
la Falls A Sioux C 1st 7s. .1917
97»8 10258 Kan G Clin A Spr l8t 58.. .1925
97
87
Kan C Ft S & Gulf Ist 78.. 1908
1928
KanC Ft Scott A M Gs
1934
no 110
KanCMA H pen 4s
1934
Assented income 5s
117 117
Kan C A M Ky A Br 1st 5sl929
KanCSt Jo A C B Ist 78. .1907
LRAFtSm Id grist 78... 1905
Maine Cent cons Ist 7s. ..1912
1912
112 113
Cons 1st 48
IOOI4IO2
Mara Hough A Out 1st 6s. 1925
993^ Mexican Central cons 4s. .1911
99
Jan 1939 J'ly
IstconsincSs
Jan 1939
2d cons inc 3s
128 I2918
Mich Telep cons 58 tr rec.1929 '1%
Mlnne Gen Elec con g 58 1929 J-J
78
81
9913100
New Eng Cot Yam 5s 1929 F-A
1906 A-O
New Eng Teleph 68
100 14 IOOI4
1907 A-O
6s
1908 A-O
104 105
6s
99 14 100
1915 A-O
58
1905 J-J
Eng Ist 78
1905 J-J
98»2 991^
1st 68
90i« 94
1924 F-A
Old Colony gold 48
Oreg Ry A Nav con g 48.. 1946 J-D
1922 F-Al
10538 109
Greg Sh Line Ist g 68
97 100
Repub VaUey 1st s t 6s... 1919 J-J
12434 125 12 Rutland 1st con gen 41^8.1941 J-J
Rutland-Canadian Ist 4s 1949 J-J
I2312I2412
100 108
Savannah Elec 1st oons 5s. 1 952 J-J
1930 FA
IO5I2IO8
Seattle Elec Ist g 58
1918 M-S
Torrington 1st g 58
gr
4s.
1947 J-J
RB
A
1
Union Pac
g
1911 M-N
100 lOlVi
1st lienconv 48
M-S
oonv
gen
68.
191
95 100
U nited Fruit
1051^109
US Steel Corp 10-60 yr 58.1963 M-N
103 14 10458 West End Street Ry 4s
1915 F-A
102 12 103
1914 M-S
Gold4i<2S
1916 M-N
Gold debenture 4s
1917 F-A
137 I3712
Gold 48
Teleph
Tel
58.1932
J-J
137 137
Western
A
9934 Wisconsin Cent Ist gen 481949 J-J
90
9038 9834 Wisconsin Valley Ist 78.. 1909 J-J
9734 101)
8«i4 97 lo
9978 Jan '02
F-A
M-N
F-A
1927 A-O
48
Low High
9K^4
95"f
110 Feb "04
104 »a Apr '00
117 Feb '04
J-D
1946 A-O
W 1st 4s... 1913
MS
Dominion Coal Ist 6s
Eastern Ist gold 6s
Fltchbtirg48
High
9934
95«8
9579
.10 Oct '04
109 110
102 102»a 10218 102 H;
93 Hj 94 "a 9334
94
Atch <fe Nebraska let 78.. 1908 Wl-S
AtChTO!icfcSFeKeiig48..1995 A-O
Boston Elect Light let 68. 1908
1924
Consol 58
1907
Boston & LoweU 48
1944
Boston* Maine 4 >i28
1905
Improvement 4s
Bost* Mon 3di8sue78...1904
1813*28.1947
Boston Terminal
1918
Bur & Mo Riv ex 68
1918
Nou-exempt 6s
1910
Sinking fund 48
1917
1st
6s
Butte <Ss Boston
Cedar Bap <fc Mo R Ist 78.1916
1909
2d 7s
Cent Vermt Ist g4s..Mayl920
Ohio Burl & Q extend 4s. 1905
1919
Iowa Div let 58
1919
lowaDiv Ist 4a
1913
Debenture 5s
1922
Denver Exten 48
1927
Nebraska Exten 48
1921
B A 8W8t48
1949
Illinois Div 3 >28
Northern
Joist bonds See Gt
Ohio Jo Ry <fe Stk Yds 5s. 1915
Coll trust relunduig g 481940
ChMU<fe StPDubD 6s.. 1920
Ch
A St P Wis V div 6sl920
100
BONDS
BOSTON STOCK EXCH'GK
Week Ending Nov 25
,
Fridav
Nov ?5
Bid
Am Bell Telephone 4» 1908
Am Telep& Tel coll tr 48.1929
Range
Week's
Pric*
BOSTON STOCK EXCH'GE
WEEK ENDING NOV 25
DetGrRap A
2447
Boston Bond Record.
IvToV. 26, 1904.]
Current Biver Ist 58
1
&
Lowest
Highest
Nov 14
J'ne 2 109 Nov 6
J'ne21 19'8Novl9
1334 J'ne21 40 Nov 18
534 J'ne 1 10 Nov25
57HiJan 5 84
71
7
Highest
Lowest
68 Hi Dec 72HjJan
84 Hi Oct 118 Jan
10^4
Dec
28I4
20
Oct
Oct
45
8
Jan
Jan
14i4Jan
Philadelphia
*60
49^8
25"*
SOVa
26I4
26
eig
>s
6a»
6'4
12 '8 13
11>»
11
13
50
49\
25Hi
26Hi
e^s
961* 97
9434
49
49 1«
49 14
I314
11
14H2
43I4
9638
493,
4^4
414
4^18
407, 41
68i«
40'4
itSHt
8Tm
6838
40^8
8 Hi
13>a
13'4
4.Z
43 Hi
4«i«
68
IIH
10»4
•13Hj
43>>i
68 1«
8<>B
17 Hi 1734
17"8
.«7"i« 87^8
44i« 4418
40i« 40V(
87Hi 88I4
44>« 4418
*39»4 40i«
69
69
69
69
106^ 106^8
10634 10634
PHILADELfHIA
43
96
49
4Hi
6734
6838
4118
41
8H1
8H1
1734 1734
3734 «8«18
43^8 4414
3934 4OI4
59
106
Bid
6»»
69
10634
Ask
42
97 Hi
49 H2
4 '4
4%
6718 67 Hi
4034 40 '8
8H1
1734
10
60
Bell Telephone
50
60
•Cambria Iron
Central Coal A Coke. 100
100
Preferred
50
•Consol Trao Pitts
60
Preferred
Danville Bessemer... 1 Hi
A
Steel
Diamond State
738
3\i
37 °k 38
44
4l«ie
>8
•39»4
59
734
104 Hi lOS'e
PHILL4DEIiFHIA
Steel.
North Poun8j'lvania..50
50
PenuHylvania Salt
60
Pennsylvania Steel. .100
PpRferred
100
Phlla Co (Pitts) pref.. .60
Gorman A Norris.SO
Phlla Traction
50
10
Bailwaye General
Susqueh Iron A Steel. .5
Tidewater Steel
10
Preferred
NJ
Uniteil
Warwick Iron A Steel. 10
We«t Jersey A SeaSh.50
Westmoreland Coal. ..50
•
A$k
1910 A-O
1911. J-D
Che A D Can Ist 5s '16 J-J
Choc A Me Ist 58 1949 J-J
E A A 1st M 58 1920 M-N
Elec A Peo Tr stk tr ctfs
Elm A WU Ist 68 'lO.J-J
Eq II Gas-L let g 5s 1928
H A B Top con 6s '25 A-O
Trust
903,
93
106
M 7s 1911 J-D
68 g 1911.. ..J-D
Ex Imp M 48 g '47. A-O
Con M of '82 4s '37. J-J
3
1033^
60
LohlghNav
RRa
4s g
1914. Q-F
Leh V ext 48 1st 1948. J-D
2d 78 1910
M-S
4
Consoles 1923
Annuity 6s
Gen cons
86
4Hi8 '14. Q-J
M 4H28 g. 1924. Q-F
Leh VC l8t58 g '33. .J-J
Gen
Hi
4s ad-int
J-D
J-D
ctfs.
109
114
II414
45Hi
Newark Pass con 5s 1930
ie" N Y Ph A No l8t 48 '39 J-J
9778
98
IHi
134
1'4
2
146
98 Hi
Unit Elec
ui;
Bid and asked pnoes; no sales on this day.
|
LAP pref. 50
48
A Ch
34Hi Nov
1 Hi Sep
55% Nov
33
28
Mar
44i4 0ct 21
1
81
Marl4 40l»ie Oct 20
Jan 2 59 Nov 4
May 16 10734 NovlO
1934
Dot 13 22
4534
J'nelS
35
Oct
5
Aug
734
I834
Dec
Nov
36
Sep
2734
4078
76
20
Nov
Ask
BALTiniOKE
Chas Ry G A El 5s '99 M-S
77
Jan
Jan
Deo
36
J'ly
7934
Feb
45^8 Jan
4 Jan
7334 Jan
4734 Feb
9 Jan
17^8 Jan
34iii6Jan
44", e Feb
4018 Jan
4734 Feb
Sep
Oct 116HiJan
Aug 31 Mar
104i«
7
8
100
70
8
8I4
60
10514
l8t7...1907 J-J
Atlan C L RR4sl952M-S
Atl Coast L(Ct)ctfs 5s J-D
Ctfrt of Indebt 4s
J-J
RaltCPasslstSs'llM-N
Ball Fundg 68.1916 M-N
KxchangeSHis 1930J-J
Refunding 3 '-iS 1952J-J
114
Halt
Halt
A
P
Bid
Charl C A A ext 58. '09 J-J
2d 78
1910 A-O
City A Sub Ist 58. .'22 J-D
City A Sub(Was)lst5s'48
H,
11034
J-1)
Convertible Ss.'Oil M-N
Ry conr)8l932 M-N
KxtA Imp 58.1932 M-S
Clias City By 1st 68 '23 J J
Lowest is ex-dividend. H Ex-rights,
90
105
119
112
116
.
Cent'l
104
B934 100
.
1942
ff 15 paid.
^
J-J
6s 1904
Series A 5s 1920.... J -J
J-J
Series B 58 1926
Pitt Un Trac 5s 1997. J-J
Poto Val 1st 5s 1941. .J-J
Sec AvT( Pitts) 58 '34 J-D
Sav Fla A West 5s '34 A-O
Seaboard A L4s
Sojil)
1st 6s in I'll A-O
'29 M-N
1 st 58
Trac
No Bait 1)1 v 5s
no
3
11
4034
IOI4
6578Marl2 6918 Oct 31
37«8Mayl7 43»8 0ct 17
5 May 2 5
9»8O0t25
8 Jan 6 tl9 N0VI6
19HiMarl4 39 Oct 21
Bonds
Atl
ANY
...„.
97
60
AnacostlaA Pot 5s
Income 4s 1939. ..M-N
Ist 48 '36. .M-N 108
Deben 6s 1905
M-S
Penn sou 68 1010. .Var iV3 Hi
Consol Os c 1005... Var
Penn & Md Steel con 6s.
Pa
Can 78 '06. J 1)
Con 68 1939
A-O
Con 4s 1939
A.O
Penn Steel Ist 58 '17 JI-N
People's Tr tr certs 48 '43
P Co IstA col tr 6s'49 M-S
Mar
Nov25
Nov22
4H2N0VI5
9«i8Jan
^Dec
7iieOct
10 Dec
19 Nov
64 Aug
Ask
90
8034
114
112
114
.
..*••
106H: 107
121
100
100
100
1st pref
G-HS Brewing
Mt Vernon Cot Duck
No Penn
Consol 5s o 1919. ..Var
27814
278
Janl4 100
Feb 26 50
Dec 52 Hi Jan
Nov 2634 Jan
isNov
ColAGrnvlst6s.l916J-J 117
Consol Gas 6s.. .1910 J-D 111
106
6s
1939 J-D
10534 106
Ga A Ala ist con 5s '45 J-J 112
Terminal 58 g 1941. Q-P
124Hi Ga Car A N Ist 58 g '29 J-J 112P
A B col tr 48 '21.J.J
104 Hi Georgia P Ist 6s... '22 J-J 122
Rochester Ry con 58 1930 109 111
QaSo A Fla Isl 5s 1945 J-J 114
U Trao Ind gen 63' 19. J98 Hi 983, G-B-S Brew 3-48 1951M-S
54 Hi
Un Hys Tr ctfs 48'49JAJ
8434
2d income 58 1951 M-N
26
U Trao Pit gen 5s '97 J -J 116
KnoxvTrac 1st os '28A-0 103
Welsbach s f 58 1930.J.D
LakeR El 1st gu58'42M-S 115
62 Hi
Met.SHWash)l8t5s'25FA 116
BAIiTIlHORE
Mt Ver Cot Duck Ist 5s
74 Hi
Inactive Stoclis
Incomes
29
Atlanta A Charlotte.. 100
Npt NAO P 1 St 58'38 M-N 98
Atlan Coast Line R R 1 00 160 161
General us
1941 M-S
Atlan Coast L (Conn) 100
330
Norfolk St 1 St 58 '44 .. J -J 1118
Canton Co
91
100
89
North
Cent
110
4
HiS 1925 A-O
Georgia Sou A Fla...l00
30
42H.
2d pref
117H2 118
124 Hi
Leh VTracl8t4s'29.J-n
New Con Gas 5s 1948 J-D
93
76Hl
62Hi
3334
4034
17-4
W
9934 100
86
,
ConM
109
P-A
1943
certlfs 48
Con
44
Indianapolis By 4B.1933
Interstate Bys—
3-3Hz-48
Bid
PH1L.ABEL.PHIA
PhU Elec gold trust otfs 104
igMaylS t 6''9Nov21
138MByl3 *13i4Novie
734 Feb 8 III4N0VI6
6HiJ'lyl5 14HiNovl8
20 Anglo 44HiNovl8
P A E gen M 5 g '20.A-O
Gen M 48 g 1920.. AAO 104 Hi
Ph A Read 2d 58 '33.A-0 125 127
103 Hi 104
Ch Ok A G gen 68 '19 J-J ibgsg
St By 1st con 6e 1932
1^ Col
ConTracofN J Ist 58. "33 iio
10
BR AC. .100
Unit Pow A Trans. ...25
United Trao Pitts
50
Preferred
50
E ext 7s
Atl City 1st 58 g '19. M.N
Balls Ter 1st 58 1926. J-D
Penn Gas Coal
Phil
Md
B6rgAEBrwl8t68'21J-J" 103
Steel..
A
Al Val
AmRy8conv5s
Kaaton Con Electric. 60
Klec Storage Batt
100 "ii"
82
Preferred
100
Oermautown Pass
50 132
Harrison Bros pref... 100
In(liaiiaiK)li8 St
100
Inter 8m Pow A Chem.50
21
Keystone Telephone ..50
Preferred
60
KeystoneWatchCase.lOO 100
Lit Brothers
10
Little SchuylkUl
6a
60
Minehill A Schnyl H..60
66
Nesqueliouing
50
Haven Iron
40 V
59
Bethle St«el 68 1998. Q-P
Preferred
N
17*4
Bonds
American Cement
Iron
«5«8
14
Inactive Htocka
Amer
Consol Lake Snperior^.lOO 6,462
6h
*12ia 13
100 1,395
Do pref.*
10i« lOig Electric Co of America 10 3,786
•13
80
13Hi Gen Asphalt interim ctfs..
Do pref Interim etf8.. 1,287
42Hi 42Hi
9718IOO Lehigh Coal A Nav .... 50 9,482
4918 49<>8 Lehigh Valley
50 8,262
414
4<^ MarsdenCo
100 5,960
50 2,615
87»ie67i3i« Peimsylvania BR
40^8 41
Phlladelp'a Co (Ptttsb) 50 2,686
8H1
8H1 Philadelphia Electric. . 25 9,962
"" Rapid Transit... 50 5,258
17»4 IS^Phila
87'» 38 Hi Beading
80 55,660
•4334 44>4
424
Do Ist pref
50
•89*8 401^
10
Do 2dprel
50
608
68^8 59 Union Tra«ton
50
10434 105 Hi United Gas ImpI
50 8,472
•19
21 WelsbaohCo
100
634
12^8 18
103e lOHi
*13
42
4318
95
97Hi
49
00
4^
•494 60 American Railways.. „ 50
312 43 J^ne 3 51 Oct 31
263g 26^ Cambria Steel
50 4,767 18isMay25 255s,Novl8
36 1« 2514
119
100
114
113
105
90\
120
A
19.50 A-O
Roan 5s 1920. J-J
liouild 1st 58. .A-O
U Kl liA I' 1 St 4 H28'29 .M.N
El 1st 4s '49 -MS
Uu
South
HyA
J-D
Incoino 48 1949
Va Mid 1st 08 1906. .M-S
2d series 68 1911. ..MS
3d series Os 1916...M.S
4th ser 3.4 58 1921.,
6tli serins 5s 1926. M.S
Va (State) 3s new '32..! -J
Fiinddebt2 38 1991.J-J
West N (; con Os 1914 J-J
lllHi
II314
11234
.
....•
54»4
27
108
76
30
99
119
119
1
1
6
'<j
117
115
117
IIT)
8'1
112
112
93
93 Hi
60
103
81'4
94
94
50I4
110
112
MS no
114
90 'u
97Hj
11634 117H»
WesVaCAl'lHlOg'll J-J 112 Hi nsHi
Wil A Weld 58.. 1935. J J 117
Reorganization oertifioatea f3 assessment paid.
—
.
.
THE CHRONICLE.
2448
-iTiir.lu-«
• ill-.
Volume
Business at Stock Exchanges
of
NEW YOBK
WKKKLY
DAILY.
STOCK KXCilANaB
l8t (is 191)8
Indian.ipolis Gas
Isl 08 1920
I
Week endtna
l^ovember US
1!W4
Stoclcs
Shares
KaUroad
J'ar value
U S
Bonds
mate
<tc
Jionds
Jionds
I
40
66
M-.N
50
M-N
i
!
i
683,959
$56,593,400
1,152,H75
109.8S2,r.50
Ihiesday
l,309,O'.)4
Weduosdny
1,180,551
IJy ,208,350
113,21H,350
1,351.263
130,082.150
10,930,000
136,000
5,637,742 $637,984,800
$43,498,700
$774,500
Saturday
jMonday
,..
Week ending November 25
Hales at
New York
f56,000
288.500
208,000
77,000
HOLI DAY
Thursilay
Total
$4,890,000
10,152,500
9,490,200
8.030.000
January
1 to
$i',ooo
$1,000
November 25
JCxclianye
1903
1904
1903
1904
145,297.134
Stocks— N 0. shares
5,637,742
1,956,771
158,800.592
$537,984,800 $181,728,:126 $14,256,448,700 $13,548,916,300
Par ralue
Bank
$610,900
$680,200
$23,000
$8,400
shares, par..
Qovernmenl bonds
Total bonds
$118,730
$1,000
774,500
43,498.700
2,600
10,156,000
$602,880
20,063,675
887,267,000
616,582,900
$44,274,200
$10,171,500
$887,933,355
$618,161,250
State bonds
BB. and mis. bonds
$1.'^,000
449,6(K)
DAILY TBANSACTIONS AT THE BOSTON AND THILADKLPHIA
JfiXCHANGKS
Unlisted
shares
Listed
iyo4
sharers
Saturday
39,817
81,809
83,893
83,622
Monday
Tuesday
Wednesday .
lAsUd
sales
shares
A-O {106
3
40
70
1
no4
H Cong 58 1949. ...M-S
St Joseph Gas 5s 1937.J-J
91
i
& Telephone
llAmerTeleg A Cable 100
89
liCentral & So Amer. 100
llCommercial Cable ..100
Gommer Un Tel (N Y).25
Emp & Bay Stale Tel 100
Franklin
100
IjGold & Stock
100
114 "^s, 1905
Wlh.
210
115
78
47
120
10,139
20,738
19.726
23,463
9,721
95
160
Teleph...lOO
Pacific
&
80
100
Atlantic
25
& Atlantic 25
HSonthem
sales
$64,000
95.000
97,200
295,700
....
80,410
24,881
21.000
23,484
85,216
65,500
369,451
149.802
$229,500
117,846
108,282
$617,400
Friday
Pow—
581920 See Stock Ex Chan;
H Northwestern Teleg. 50 120
Bond
Unlisted
shares
28,127
27,833
22,681
HOLI DAY
..
<ft
Hudson BiverTelephiOO
Bond
$30,000
78,500
68,000
39,000
19.378
33,970
36,265
35,318
Thursday
Total.
No Hudson L H
UNY&N J
Philadelphia
Boston
Week endina
November 95
88
TIO& IndC Nat<& lU .100
l8t 6s 1926
J-D
Pat & Pas Gas & Elec 00
Tcleirr
BONUS
20
list.
90
•JPrelerred
100
Lafay'eGa.slst6H'24.M.N
68
Log<feWabVl8tG8'25.J-I)
40
Madison Gas 68 1926.A-0 }106
Newark Gas 68 1944. Q-J J135
Newark Consol Gas. .100 ^5
HCong 58 1948
S-D n09
08 1938
Stock
105^4
81
?
Jackson GaH Co
5()
58 g 1937
A-O
Kansas City Gas
100
58 1922 See Stock Ex
IILacledo Gas
100
Electric
Companies
Chicago Edison Co... 100
HKingsCoElL&PColOO 200
Narragan (Prov) El Co 50
94
65
93
25
NY A y El L&PowColOO
Preferred
loo
UuitedElectrioof N JlOO
48 1949
78=
J.D
Ferry Companies
Outside Securities
A
Weekly Review
of Outside
Market will
be
found on a preceding page.
Street Railways
Street Itailvrays
^i^ Ask
NEW YORK CITY
Lake St (Chic) El stk.lOO
32
34
Ist 58 1928
Bleeck St <fe Ful F stk 1 00
J-J
98
100
ULouisv St58l930..J&J
1ilstmort4s 1950 ..J-J
248
Lynn<fc Bos let 5s '24. J-D
flB'ytfc 7tU Avestk ..100 242
1]2dmort 5S1914 ...J-J 104 107
NewOrl Eva Co
100
Preferred
Con 58 1943 See Stock Exch Ust
100
B'waySurllst58gu 1924 H08 110
4^jS 1952
J-J
North CUic Str "stockVlOO
2d OS int as rental 1905 4 99 Hj 101
350
Pub Serv Corp ot J 100
TJCenl'l Crossl'n 8tk..l00 330
121
Tr ctfs 2% to 6% perpet
lIlsiAl 68 1922 ...M-N H17
North J ersey St By 100
iCenPkN&EKstk.lOO 205 210
Chr't'r&lOthStstklOO 177 185
Ist 48 1948
M-N
Cons Trac ot
ol& 9th Ave 5s See Stock Eich Ust
J. ..100
Ist 5s 1933
Dry D E B <fc B—
J-D
115
New'k Pas By 68 'SOJ-J
Dlst gold 5s 1932.. .J-D 112
S.t
101
Or* New 1st 68 '05 A-O
llScrip 5s 1914....F-A
Essex Pas 68 1905 M-N
UKighth Avenue St.. .100 390 405
106
Eapid Tran St By.. 100
liScrip 6s 1914 ....F-A 105
1l42a&GrStF'y8tk..l00 390 405
l8t58 1921
A-O
42dStM & StNAv..lOO 60 70
J C Hob& PatersonlOO
4s g 1949
Hist mort 6s 1910 .M-S lOl^a 107
M-N
80
85
1(2d income 6s 1915 J J
So J Gas El <fc Trac 100
InterburoughKapTr.lOO 161 162
Gug5s 1953
LexAv 66 Pav F5s SeeSl k Exc List
No Hud Co By 6s'14 J-J
Metropol Securities See Stk E X list
5s 1928
J-J
Ext OS 1924
Metropol Street By See Stk E X list
M-N
Pat City con 6s '31. J-D
Ninth Avenue stock. 100 185 192
Second Avenue stocklOO 208 ilO
2d 6s. ...1914 opt A-O
Hist mort 58 1909 M-K H02'-2 103 "u Rochester By pref ...100
CoU8ol58 1948.... F-A illO 113
Con 5s 1930 See Phila
2d 6s 1933
176
llijixth Avenue stock 100 172
J-D
So Side El (Cliic) stk. 100
Sou Boulev 6s 1945. .J-J n02 106
Syracuse Bap Tr 68 1946
So Fer let 58 1919. ..A-O iflOS 108
United Bysof St"
Third Avenue See Stock Excli Use
P & 58 1928 103 106
Com vot tr ctfs
Tarry
100
Yker8StBB5sl946A-0 105 107
Preferred
lOO
28th& 29th Sts 1st 58 '96 ^ II212 114
«en 48 1934
SeeStk
U nit KysSan Fran iSeeStk
llTwenly-Th'd St stk 100 3'JO 400
J-J
96
Wash Uy & El Co
Deb 58 1906
99
100
Union By IstSs 1942 F-A 109 112
Preferred
100
We8lche8tl8t5s'43J-J 102 106
48 1951
J.D
UWest Chicago St
100
Bid
3^
113
}113
S-,
28
MS
W
M
BBOOKLYN
Ave
A.tlan
58 1909. .A-0 il02
A-O 110
Con 6s g 1931
Impt 58 See Stock Exc h list
118
102
240
104
BB& WE 68 1933. .A-O
Brooklyn City stock... 10
Con 5s <!>'ee Slock Excli
Bkln Crosstu 58 190S.J-J
BkuHgtslsl68lU41 A-O
BkinQCodcSub jS'ec Stk
K;ip Trau See Stk
llUoutjy Is. <fc Bklyn ..100
Isl cons g 48 1948.. J -J
Brk C
iN 58 l»3y.J J
BkJyu
102
104
106
Excli
Excli
list
list
340
330
&
GrSt<fcNewl.st5s'06F-A
Gr'pt
St Ist 68
Co. Elevuteil—
<fcL.oriiuer
kings
243
list
lOO'^ 101
113
115
100
102
Isl 43 1949 See Stock Excli
prel
100
75
A-O
58 1944
lst4slU51
6'ee
St k
110
Exc
Wb'g<fcFlatl8tex4'-2S 101
Steinway let 6s 1922.J-J jll8
OTHER
list
113
h list
lOi
CITIES
Buftalo Street By—
Istcousol 68 1931. .F-A {112
Deb Os 1917
A.O jl05
Chicago City By stk. 100 189
Chic UnionTrac<See.St'ck Exoh
Cleveland Electr By. 100
73
Columbus (O) St Bj'.. 100
Preterred
loo io8^<
Colum By con 68 See Ph Ua Usi
Cent Union Gas 1st 5s
Con Gas (N Y) stk. See St
Conv deb 6s ctfs SeeHtV.
EquitGascoii5sl932 See
HMutual Gas
loo
Now Amsterdam Gas
1st coiisol 08 1948. .J-J
N Y G E L 1 Ji P see Stock
N Y & East liiver Gas—
1
1st OS 1944
Consol 58 1945
113
107
190
J-J
J.J
N Y&Bichmond Gas. 100
Nor Un
Nassau Elec
N
HCong 58 1936.. ..M-N
Uag Securities
NEW yOBK
Isl 5s 1927. M-N
listandard Gas com ..100
llPrelerred
100
Ist 68 1930
M-N
OTUICK CITIES
Amer
Light
Preferred
<&
Tract. 100
loO
Bay State Gas
50
Biughamton Gas 5s 1938
Brooklyn Union Gas deb
68 1909 conv '07...M.S
Bu Halo City Gas stock 1 00
4
114
115
9
29
83
79
?i
112
67 1^
24
79 14 80 "^
77
78
N
N
Ask
i
no8
ni3
noo
noi
l«rt>^
114
101
250
109
20
260
110
77
120
77 >,
122
104
113
6
Brooklyn Ferry stpcklOO
B<fc NY" 1st 6s 1911.J-J 106
Con 5s 1948 See Stock Exch
77
NYife E B Ferry Stk.lOO
1st 5s 1922
M-N 89
N YA Hob con 5s'46.J-D no8
Hob Fy Ist 58 1946 M-N
N Y^<feNJl8t5sl946.J-J a04
40
10th <& 23d Sts Perry 100
91
Ist raort 68 1919... J-D
30
IfUniou Ferry stock .100
TIlst5sl920
M.N 90
'
Railroad
Chic Peo <fe St L pref. 100
Deposited stock
Undeposited stock...
Prior lien g4'28'30M<feS
Con mtg g 5s 1930. J&J
Income 58 1930
Chic B I
Pac—Eef g 4s
2's
2
'•J
ao6
86
IS
&
1934 op to 1911
A-O
Erie con v4sApri'53A&0
IPPort Wortli & Denver
City stamped
100
95^8
i
94 "a
44
99 "i
N Y Cent ileb 48 '34.M-N
Northern Pacific
lou
InduHlrial niid tliHoc
Com])reB»e<l Air Co. ..100
Bid
CounolidCar Heating loo
CO
1]Coiis Firew'kij
1
"-J
YKABLY
A-ND
Hill
Bergen Co.. 100
45
orand Hapidn Gas—
lilsl 68 1915
F-A {101 103
Hudson Co Gas
100 101
68 g 1949
Bee Stock Exch Ust
Indiana Nat ift 111 Gas—
Gascfc Kl
i
TKAN8ACTION8 AT THK
[Vol. lxxix.
com .100
PreRTre<l
AKK
\
•a
60
15
65
100
Conn By Llg&Befrig.lOO
6
6
Consol llubbt-r Tire. .100
\
1
45
De ben t u re 4 s
9
11
74
Cons Storage Hatterylbo
10
107
Com ToOac deb 78'05A-O nb'i'a 102>a
Cramps' Slj & Kn BldglOO
17
22
103
liCrucible Steel
luo
9\
30
1^ Prelerred
100
47 "s
Cuban Os of 1890
UN) 101
llDiamonil Match Co. 100 141
142
100
Dominion Securities. lOo
13
20
63
Electric Boat
42
100
44
42
Preferred
70
100
72
109
Electnc Lead Beduc'n.50 t
Hi
136
Prelerred
50 t....
IH.
86
Electric Vehicle
16 "i 17Hi
loo
109',
Preferred
23
25
lOO
Eleciro-Pneum'icTranlO
3«
Empire Steel
10
100
Preferred
88
42
100
TIGeneral Chemical ..100
49
liPreferred
98 >a
100
96»-.i
105
'»
Gold HIU Copper
1
1 I
96
Greene Con Cop See Bost Stock Exch
Greene Consol Gold... 10 t 10^4 11
10
HackensackMea^lowslOO
18
92
Hackensack Water
117
Beig 48 52 op 12. ..JJ «95
96
80
HaU Signal Co
90
100
Havana Commercial. 100 12
82
36
Prelerred
100
52
Havana Tobacco Co. .100 35
36
123
45
Preterred
47
100
Hecker-Jones-Jew'l MIU
96
102
18168 1922
105
M-S
162
Herring- HaU-MarvinlOO
1
e Ust
30
Ist preferred
40
100
123
3
2d jireferred
6
100
82
Uoboken Land& ImplOO 200
103
1I5s 1910
M-N H02 ioi"
1
Houston OU
3
100
14
Preferred
20
loo
166
loo
Hudson Bealty
Internat'lBankingColOO IbO 165
12 < 13'*
Int'n'lMerc Marine. 100
•-8
27
Preferred
100
8r84
Col tr deb 4 '2l922op'07
22
23
International Salt
100
63
79
I8tg58l951
65
5
International SUver.lOO
9
35
Preferred .„
40
100
1st 68 1948
J-D { 99 "s 100 1«
108
Lanston Monotype
20 t 123, 13
Ust
Lawyers Mort Insur.lOO 195 200
85
Lawyers' Title Ins. ..100 326 UO
90
Lord & Taylor prel ..100 103 105
109
HLonllard (P) pref ...100 130
112
Mack ly Companies ..lOo 34 >2 35
106
74
Preferred
100
60
10
Madison Sq Garden. .100
20
94
2d 6s 1919
M-N 609I2
32
li"
TlManhatl Beach Co. 100
4'8
93
Manhattan Transit
20 t
*9-4
Mergent'ler-H'n Bskt. 1
Mex Government new 4s 9334 91 "4
6^4
Mex Nat Construe. pflOO
10
6
Monongahela B Coal. .50
30^4'
6
29
Preferred
50
27,
109
Mont & Boston Consol .5
3
90
Mosler Safe Co
100
23
UNat Enam & Stamp 100 22
3712
64
liPreferred
loo
964 National Surety
125
100 lie
95
42
40
UNew Central Coal
20
N Y' Biscuit 68 1911. M-S 105
60
N Y Mtge & Security. 100 135 145
16
20
UNew Y'ork Dock
100
46
50
^Preferred
loO
7 Hi
8
N Y'' Transportation. ..20
r
I
"iz
^
150
When released
1
Northern Securities.. 100 117 11738 Nor Am Lum'r & PulplOO
I 'a
34
37
4
Pitts Bess <& L E
HOntario SilvM50
100
no2
74
47
4.1
Preferred
77
Otis Elevator com
50
100
nil
Seaboard Air Line9J'i luo Hi
Preferred
lOO
«109 no
9334 99 H, Phoenix Mining
Coll tr 5s 1907 op. ..M-S
14
17
1
(!104it! 105
2'j=8
South Pac pref full pdlOO 116 118
Pittsburg Brewing
26'-.i
50
(!120
45 '2
Va & Southwestern. .100 45
Preferred
50
iioo
21
Wabash Pitts Term By—
Pittsburg Coal
100
100
78
9l>g 92
1st g 4s J une 1 1954. J -D
Preferred
lOO
list
4538 45^8 Pope Manufacturing. 100
2dg48 June 1 1954
6
S
103 106
76
80
Ist preferred
100
IndusU-ial and i>li8ccl
98
18
22
2d preferred..
100
iioi 108
Alliance Bealty
Pratt <fc Whitn pref.. 100 100
lOO 115 125
HAUis-Chalraers
18>a 20
Bealty Assoc (Bklyn)lOO al32'2 37 Hi
100
22 "i 24
SSi^ 69 4 Boyai BakPowd pref. 100 109
IJPreferred
XiU
loo
6«
69
61
UAmer Bank Note Co. 50 68
63
BusseU <fc Erwin
25
Exch list
10
10 '4 Safety Car Heat & Lt 100 180
Americjiu Can com...lOO
Exoh list
52'» 63', Senunole Mining
1*
Preferred
38
lOQ
5
28 '4 28'-.' American Chicle Co.. 100 H^ 121
Singer Mfg Co
100 650 750
8358 84
Preferred
9^ 100
28'2
20
Standard Coupler comlOO
100
87^8 88
American Elevated. .
Preferred
lOO 110 125
60
63
Am Mailing 68 19 1 4.J-D 106 107 Standard MUling Co. 100
8H 10
Amer Press Assoo'n.lOO 85 100
33
Preferred
33»a
loo
2
Am Soda Fouu com. .100
77
80
4
6s
Istpreferrcd
f'8
i25
73
Standard OU of N J.. 100 620
lOO
12
2d preferred
14'-, Storage Power
100
H»
h
50
no8 111
.\merican surety
176
Swill & Co See Boston St k Ext ii"ge
50 172
k Exc h Ust Amer Tobacco (old).. 50 260 500
102 Hj
1st 58 1910-1914. ...J J «102
Exch list
Preferred
36>4 36'i
See Stock Kxch Ust
Tennessee Copper
t
Stk E
list
Amer Tobacco (new)
76
90
IJTexas & Pacilic Coal 100
aoo 320
248
Common (wi)
1st 6s 1908
A.O no5 110
Prefd cortfs See Stock Exch list Title Guar <& Trust See Trust Go's.
iiii 113
list
4s cerifs See Stock Ei
TUlelnsCoof N Y'..100 155 I'jO
Exch list
Ust
6s cortf.s See Stock Ex
Tonapah Min (Nevada). 1 f SHi 9 "a
32 "s
Aui Typefo'rs com.. .100
15
Trenton Potteries com 100
14,Hi
iWi 114
84'
Preferred
90
>0
Preierre<l new
loo
100
107
110
Amer Writing Paper. 100
6
65
75
53s Trow Directory new. 100
35
Preferred
23
24'-. Union Copper
2
2 "a
100
10 \
101
108
58 1919
95
JJ 80'2 SlHi Union Typewr com.. 100 92
130 160
HBarney&Sm Car ...100 10
20
Ist preterred
100 114 116
155 170
liPreferred
116
100 118
2d preferred
100 114
Silo's 1131.J Bliss Company com
2 '4
2
50 130
140
Unit Box board<fc Pap. 100
Preferred
11
13
Preferred
50 130 145
100
Bond it Mtg Guar
100 4375 390
6
U S Cotton Duck
8'i
100
72
73
Borden's Cond Milk.. 100 122 Hi
20
U S Envelope com... 100
98 '4 99
Profcrreii
100 lio
80
113
1 00
1i Preferred
British uol Chopper
7'* U S Bealiyi; Imp See St'k Exch list
t
6'i
94
97
Camden Land
20 Hi
3 t
U S Shipbuilding (w i)..
^le
Celluloid Co
100 119 121
Preferred (w i)
73
193 196
Cent Fireworks com. 100
15
40
40 "8
5 certifs
13
Preferred
6>ii
60
loO
65
U S Steel Corp new 5s See Stk Ex li.si
t
i-j
'<j
1
I
'•j
.
"-j
\
Ist 58 1947 See Stock Exoh Ust
Central Foundry
S^g
113100
334
Coltr sf 5s '51 opt '11
Chicago Gas See N Y Stk Exoh list
Preferred
1 1 3 la
100
Coltrsf 5s '51 not opt
112
17'!i
18
Consol Gas of N J
100
Deb6s 1919op'01M.N 66
7
Universal Fire Ext'r. 100
69
Ist OS 1930
JJ 92
Century Bealty
96
1
100 105 116
Universal Tobacco. ..100
98'.; Consumers' L H & Pow—
Cnesebrough Mfg Co 100 420
Preferred
100
LIO
68 1938
J.D ni2
1]Clartln(H B) 1st pref 100
92
101
Westchest«r & Bronx
HDetroit city Gas
60
95
100
Title & Mort Guar Co
105
1l2d preierred
162H2 160
CroBsl'wn lst68'33.J-D }108
Elizabetli GasLt C0..IOO 220
TlCommoii
95
100
Westingh Air Brake. .50 1144
105
Grand Bapids By
100
69
Essex & Hudson Gas 100 130
65
Oolifc HockCoal&lptlOO
1'4
65
White
Mining.
80
Knob
l-a
10
Preferred
100
86
90
Fort Wayne 08 1926. .J j|i 91
I8lg5sl917
Jj'{ 85
Worthing Pump pref. 100 119 '125 Hi
92
Buyer
pays
accrued
interest.
Price
per share. fSalepnoo. a Er rights. aiKsdiv JNew stock, n sells on stock Exchange, but not a very votive security
j«
1
list
..
Nov.
.
.
.
..
,
. ..
..
2U9
THE CHRONICLE.
20, 1904.
and ^ailijoad lutelligeuce.
^^jj^Pj^^j^~-^g;^Qgg EARNINGS^
Itixjjestmettt
The following table shows the gross earnings of every Stf^m railroad from which regular weekly or monthly returns
can be obtained. The first two colnmns of figures give the gross earnings for the latest week or month, and the last two
nolumns the earnings for the period from .f ul.v 1 to and including such latest week or month. We add a supplementary
Btatement to show the fiscal year totals of those roads whose fiscal year does not begin with July, but covers some other
The returns oj the. street railways are brought together separately on a subsequent page.
period.
Latest Gross Earnings
ROADS
Week
or Montli
Current
Year
.liily
1
to Latest
Current
Year
Previous
Year
S
Ala N
N O
57,857
1,194,614
East. October.
VUksli'K October.
223,355
October.
12D,518
228, ,490
121. ,882
134. 670
803,150
439,651
454,784
() <&
t^xas i'ailliO.
i
No
.fe
Ala At
Vicksb Hli cV V.
AUogbciiy Valley
Ami Arbor
AtcliTop & S Fe.
Atlanta & (liar..
Atlantic &Bir...
AU Coast Liine...
Bait & Ann S L..
Bait* Ohio
Bangor & Aroosl
Bellefonte Cent'l
&
Bridst
Haco K.
BullRooU&
ficti'
&Su8q...
Cal <te NorLhw'n.
Canadian Nortb..
Biillalo
CauiKlian Pacllit
Cent'l or Gooi-gia
Cent'l of N Jersey
CUattan South'n.
Cliesaii &Ohio...
Chic <fe Alton Ry
Cliio «t Western.
Cbic Inrt AL'v...
Chic
wk Nov
05,906
A.laGt Soutlioru 2d
MUw & 8t F
Chic& North
FM
\V
&0.
Chic St
Chic Term Tr KK
Cln N O & T Pac.
ClCinChA;
8t L.
Peoria <fe liast'i.
Colorado <fe8oulli
Col Newb & Luu.
Copper Range....
Cornwall
Cornwall &Le1)..
Denv.&RioGr...
Det & Mackinac.
Detroit Southern.
DulSoSh
cteAtl..
12(>,a(i»
FtW&DenvCity September
6eptt-mber
Georgia RR
Ga South & Fla.. October
GUa ValG<i- N.. Siptember
Gr Trunk System 3a wk Nov
Gr Tr. West'u Is.. WbNOV
. .
DetGr H&M..
let
wkNov
Great Northern.. October..
Montana Cent'J October...
Total system. Oclojjer.
..
wkNov
wk Nov
GuLf&ShlpIsland
Hocking Valley..
2,1
Illinois Central..
Illinois Southeri]
October...
ISD
JCtober...
IndlU&Iowa... September
Int <k at North' 2d wk Nov
li
llnteroc(Mex)...
Iowa Central
1
St
3d
wkN ov
wk Nov
Kanawha Mloli 2d wk Nov
Kan City South'u September
«fc
LakeErie&Westn October...
Lehigh Val RR.. September
Lezlng &, Kast'n. H( piember
Long Island ... September
Louisiana & Ark. September
Loulsv
Macon
&
Nashv.
& Birm...
d wk Nov
October...
Man'tee&Gr. liwp September
Mania & No JEas September
Manistiquo
Mary I'd
<fe
October...
Penn.. October...
Mexican Cent'l. September
jviexican litem. September
{Mexican Ry
Wk Nov 5
j Mexican BouUi'ii 1st wkNov
J
Millen
it
So'w'u.
Mineral Range..
Minneap <t St L.
Mo Kan <te Texa^
Mo Pac & Iron Ml
Central Brancli
Total
October...
3d wk Nov
3d wk Nov
3d wk Nov
wk Nov
3d wk Nov
3d wk Nov
3.1
213,90^ 229, 940
220,264 198, 575
152,392 153, 744
48,521
730,635 687,626
118.514 124,086
23,850
21,271
4,599,486 4,823,922
217,831
183,050
4.817,317 5,006,972
38,890
36.677
121,401
117.279
4,496,917 1,357,333
24,654
20,120
143,606 125,861
151,243 148,772
125.696 111,921
55.478
45.941
31.611
32,345
543,341
522,731
447,190 482,363
2,510,869 2,703,653
39,218
50.904
lice.
11,512
09,707
51,892
776,725 769,275
15,148
16,444
8,064
7,768
36,899
31,671
9,698
3,957
32,289
29,952
1,92 1, 422 2,020.316
475.781 539,765
113.700 109,000
17,413
17,748
.'i,(»12
7,356
11,608
11,529
58.944
61,370
468,089 426.135
804.000 757,000
26,000
33,000
830,000 790,000
Jtic.
week Oct
2d week Oct
3d week Oct
Isi
(40 roads) .
(40 roads)...
(47 roads)...
4lhwtekO«t (4 > roads)..
Ist week Nov. (40 roads)...
2d week Nov. (45 roads) ..
3d week Nov. (21 roads)...
1
.
Oitrrent
Year
iear
?
S
September
Pacilio Coast Co. September
ePenn— EastP&L September 10388650
eWestP&E.... September Dec. 13
Pero Marquette . 2d wk Nov 260.194
PhilaBalt&W'sli September 1,202.890
Septembbr 705,475
Phlla & Erie
Pittsb C
& St L October 2,168,822
&
4,356
'J Fear October
Raleigh
Reading Railway SB^^tember 2,317,873
Coal&lrCo.... September 1.971,823
Total Both Cos. September 4,789.696
Rich Fr'ksb & P September 104,806
46,256
Rio Grande Jet.. Auaust
10.216
Rio Grande So... 2d wk Nov
Rocklsl'd Sys... September 4.117,881
September 232,345
Rutland RR
September 116,864
St Jos&Grl
StL& San Fran^; September 3,535,443
3d wk Nov 193.255
St L Southwest
Ohio
Rtv<fe West.,
.
.
StL Van<feTH..
October...
Seaboard Air L..
Southern Ind
So PacilicCo b...
Southern Rallw'y
September 1,117,223
348,737
129,975
October.
September 8,136,951
2d wk Nov 934,077
TerreH &lnd... October...
TerreH & Peor.. October,..
2q wk Nov
3 J wk Nov
Texas Central ...
Texas & Paciiic.
Tex S V & N W
Tol <fe Ohio Cent
Tol P & West
.
W
208,891
54,239
24,000
299,895
17,800
87,886
24,831
62,766
19,598
5,427,858
53,108
520,273
445,008
93,777
14,227
135,000
21.815
796.076
October
3d Wk Nov
2d wk Nov
2d wk Nov
.
.
W
314
t
107, 840
36, 457
121, 617
5,988, 132
1,597, 0,")S
2,028, 500
397, 666
2«, 015
263, 325
1.2(!7. 561
8.602, 940
17,306, 334
(J80, 000
17,986, 334
48,202
26.432
96,110
29,323
123,319
6.076,003
1,619,454
1,912,200
370,074
17,632
223,907
1,266,899
7,607.704
17,163,528
734,000
17,897,528
Mexican Railway
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
Jan.
tMexican Southern
Missouri Pacific
Central Branch
Total.
INational
RRof Mexico
Northern Centra
1
cPennsy., Ea.st of
cWestof
P& E
Pero Marquette
Pliila Baltimore
Philadeljihia
&
P
&E
Ja.n.
Jan.
Jan.
Jan.
Jan.
Dec.
& Wash
Erie
Pitts Cin Chic <te St Louis
Rio Grande Junction
St L Vandalia & Terre
Terre Haute & Indianap
Terre Haute & Peoria
H
. . .
Texas & Paciiic
West J ersey & Seashore
JP.C-
Nov.
Nov,
Nov.
Jam
Jan.
OF «ROSS EAKNINGS— Weekly aud
Inc. or Dec.
I
Latest Date
Previous
Year
3,365,773 3.117, 132
172,370
138. 414
3,0 i7,779 2.872, 389
4,053,286 3.906, 207
3,859,583 3,866, 105
90,699
81, 252
4,069
6, 725
23,192,246 28,165, 008
1,943.825 1,966, ,887
600,076
697, 629
5,783,793 5,754, 475
2,693,270 2,721, 370
18,491,35'. 18,182, 125
58,4,33
58, 23S:
1,774.808 1,665, 797
10080750 30,169.643 32.717, 443
9,700
nee.
7'-.*
218,710 5,131.638
9,100
4,535, 991
3.620,305 3,570, 395
2,194,531 2,238, 614
8,302,346 8,806, ,095.
15,921
8,434,069 9,126, 422
6,590,973 7,997, 560
15,025,042 17.123, 982
1,223,590
682,188
2,247,777
2,922 121
2,121 012
5,043 133
llO 277
843,735
341, 977
89,188
104 ,93053 973
s: 529
175,099
184, 043
4,390 597 11.048.694 12,741, 638
232 068
720,734
709, 223
122 ,303
343,711
350, 443
3,191 717
9,731,381 9,274. ,875
181, ,406 3,620,681 3,040, 734
227, ,812 1,304,026
877, 353
987, ,684 3,103,233 2,908, 963
476,259
443, 562
118, ,590
8,206. ,670 23.046,886 23,899. 562
915, ,525 18,323,097 17,196. ,734
800,939
206, ,733
760, 849^
233.45
227, ,099^
60, ,933
273, ,234
321.771
z2, ,521
289 ,113 4,902,409 4,648. 315
100
17
56,200
51, ,200
68 530 1,720,561 1,586 ,426
495.353
24 ,163
497, ,996
05
1,462,161 1,263, 217
222,149
014
209, ,267
5.182 844 14,905,551 14,306, ,684i
65 651
200.300
252, 802
424 867 11,135,108 9,850, 190439 '•OS 1,746,639 1,760, 639
85 956 1,844,134 1,901, 52S
14 883
111 265
15 918
730 330
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
to
Year
Sept.
Aug.
Sept.
Oct.
Oct.
Nov.
Oct.
Sept
Oct
Oct
Sept
Nov.
Nov.
Nov.
Nov.
Nov.
Nov.
Sept.
Sept.
Sept
Nov.
Sept
Sept
Oct
Aug.
«
52, 167
2,795, 142
38, 586
2.377, 223
Current
Period
to
to
to
to
to
.t>0,53S
2.819,793
45,871
2,542,053
>ct.
Oct
Oct
Nov.
Sept.
Previoue
Year
Det. $57 3.958
$1,767,931 $1,597,718
643,822
62,454.
45.518
9,313,339 9,908,584
4,870,082 4,917,608
4,118,804 4,373,725
284,102
324,151
59,OOS
72,419
225,945
221,679
5,158,665 5,340,00S
5,067,40u 4,651,700
881,808
1.009,436
36,859,955 36,685,0;0
1,485,000 1.336.000
38,344,955 38,021,010
9,759,051 9.613.485
7,571,864 7,761,564
86,865.419 ,)i:,872,719Jiec. 2,1 74.200
10.464,201 9,827,019
10,li»3,106 10,194,406
5,846.620
5,605,19
19,920,506 20,747,939
421.612
397,075
3.027.612 2.466,421
2,132,5.19 2,028,229
02s>,047
035,727
10,339,291 10,233,837
3,522,091 3,491,491
Illontlily.
MONTHLY SUMMABIES
Current Year Previous Yar
Inc. or Dec.
.
P.Cr
$
+ 5,727.777 4'24
+ 5,405,413 412
—5,770.51)2 4-55
+2,997,074 2-00
1
14,017,039
8,934,300
9.598,301
9,077,030
12,845,791
9,273,472
9,542,745
10,120,282
14,297,971
lt,480,l83
8,983,8'50
5,642,331
Mexican currency.
operated,
55,
47, 561
24, 181
$
Ist week Sept (50 roads)...
2d week Sept (-"jO roads)..
3d week Sept (49 roads)..
4th week Sept (51 roads)...
Norfolk & West'ii September
Sorthern Central September
North'n Pacific. October
.
160,761
195, 708
14,289, 971 14,088.901
Current Year PreviqusY'ar
4th week Aug. (52 roads)...
4,308,671
41,261
23,906,409
512,200
25,328
13.034
3,337,806
246.726
601,740
1,359,200
19,398,764
3,773,440
5,640,700
41,505
4,789.374
3,073,607
3,278.540
2,189.198
12.756,337
20,291.657
4,311,566
635,488
2,620,713
5,826,668
782,668
2,537,915
53,340
149,316
26,730
82,430
7,344,581
246,422
668,221
1,114,721
13,108,696
7,511
..
N Y O & Had UiY October...
N Y Out & West. Sepiemoe.
S Y Susq & West iepteGnber
to
Previous
217,316 197,382
9,448
8,189
144.710 147,716
21U.308 194,221
205,701 202,563
25,588
23,978
2 323
3,832
7, 1761818 7,166,763
594,449 602,800
208,305 214,809
2,012,635 1,883,661
935,719 879,319
5,352,011 5,243,537
20,420
20,795
559,303 538.081
Nev-Cal-Oregon Octot)er..
Nevada Central.. August
Jii,y 1
Current
Year
TolStL<fe
1.3,161 Tor Ham & Butt 4th wkOct
752,006 Cn Pac System .. September
553,431 Virginia & So W'n October...
562,306 Wabash
3d wk Nov
Jersey & Sea'e September
14,595, 158 14,988,717 Wheel* LE
3d wk Nov
1,796, 473 2,073,540 VVm'sport&N.Br. Septembei
562, 398
506,040 Wisconsin Cent.. 3d wk Nov
15.245, 309 15,842.107 tVrightsv & T'n.. September
780, 409
741,510 Yazoo & Missi. V. October
16,025, 718 16,583,617
662, 828
675,179 VAKIOUS FISCAL YEARS
2.515, 718 2,516,937
16,857, 015 16,154,601 Allegheny Valley
Jan.
99, 074
64,165 Atlanta & Chart Air Line
Mar.
391, 956
369,848 Atlantic & Birmingham
Dec.
2,464, 645 2,365,648 Bellefonte Central
Jan.
2,042, 120 1,941 ,014 Chic St P Minn & Omaha
Jan.
978,072 International & Gt North'n. Jan.
1,042, 867
644,193 Lake Erie & Western
675, 558
Jan.
1,539, 313 1,534,033 Manistee & North Eastern.. Jan.
1,793, 575 1,925,980 Manistique
Jan.
7,477, 733 8,187,589 Maryland <fe Pennsylvania.. Mar.
117, 467
155,049 Mexican International ... .. Jan.
AG»KIi:GATE:S
WEEKLY SUMMARIES
Week
Month
m: Bt P A S St M. 2d wk Nov
Mob Jack & KC. Wk Novl2
832,110 Mobile & Ohio... 2d wk Nov
393,136 NashCh & 8tL.. 3d wk Nov
453,710 tNat'l RRof Mex I8t wkNov
>
September 4,024.02:^ 4.224, ,844
Erie
2,281
1, 725
F'rchUd&N'r'e'i! September
8,702
Farmv & Powhat August
7, 094
or
S
1,150,514
Dec. 70,34
September
349.593
3G,08C
777,531
36.
811,740
wk Nov
September 6.150,340 5,870 ,813 16,343,511 16,852,139
618.417
301,132 275 ,959
536.221
A'-.gusu
245,094
Sepl-eoiber
8S,902
55 ,923
162,721
4,658,748
41,568
23,374,728
522,271
16,063
13,791
3,378,599
278.410
654,935
1,594.000
21,096,947
4,177,976
5,735.979
52,193
5.210,175
3,408.362
2,910.823
2.197,186
12.S97.41l
20,313,284
4,333,303
601,775
2.745,244
6,040,678
755,363
2,337,949
51,325
174,995
16,969
58,017
7,000.115
250.684
567,212
1,053,370
12,058,347
7,871
16,689
596,955
588,486
568,930
ROADS
fYevious
Year
3(1
Sept lUiber 1,720,665 1,533 ,416
14.047
13 ,004
Sepjtimber
October... 6,181,073 6,024. ,426
September 192,443 183, 226
5,331
October
7, ,371
September
4,576
3, ,808
3d wk Nov 175,409 150, ,213
September 101,853
89. ,500
Ojtober
157,385 143, ,669
31 w>i Nov
95,400
84, 700
3d wk Nov 1,071,000 910, ,000
3d wk Nov 210,620 202. 300
•ieptem'iei- 1,834.750 1,770. ,853
2,243
2a wk Nov
2, ,164
September 1,718,890 1,572, ,707
September 1,268,158 1,073, 534
2a wk Nov 152,587 171. 546
98,951
2d wk Nov
98, ,944
September 1,690,137 4,418. ,733
October... 5,372.570 5.54S; ,178
October.. 1,286,785 1.243, 406
2d wk Nov
31,310
33, 060
2d wk Nov 132,509 134, 384
Septembei 2, 150,496 1,965, 118
261.521 300, ,831
Seiiteajber
d WK Nov 132,306 118, 463
S^p emuer
19,441
19, 520
51,251
September
47, 677
-September
5.059
6, 459
September
19.929
18, 697
3d wk Nov 367,900 290, 400
79,901
September
82, 905
2d wk Nov
29,895
31, ,880
2d wk Nov
48,041
45, 975
Latest Gross Earnings
Late
12,810,025
8,503,783
9,017,197
8,928, .593
12,280,423
6,708,991
8,902.024
9.209,001
13.988,402
8,758,879
8,01(;,019
5.038,085
Month Nov. 1903
4-33 Month Dec, 1003
+ 581,107 641 Mouth Jaiu 1904
+749,387 8-39 Month Feb. lii()4
-+505.308 4-00 Month Mar. 1904
+ 504,481 (i-48 Month Apr, 1004
+ 040,721 7-20 Month May 1904
•+857,191 9 25 Month June 1904
+ :!09.50".l 2-21 Month July 1904
+ 721,304 823 Month Aug. 1904
+ 307,267 4-20 Mcnth Sept 1904
+ 604,290 11-99 Moutu Oct 1904
4 1,207,014 9-42
+ 370,580
(129rd,s.)
1
40.922,833 135,195,056
(128 rds,) 136,551,834 131,146,421
(127 rd.i.) 121,307,020 127,083,532
(129rd,-(.)
1
(125 rds.)
(127 rds.)
1
;
i-',44.5,889,
115,448,815
33,2 1 8.2 11) 33,294,034
32,433.290 136,783, 1 30
(128rd.«.) i:!(>,935,613 134,080,386
114,280,175
139,712.590
—7,469,978 5-35
113,351.491
132,242,621
145,202.403
rds 15 ,475,024
67 rds.) 66,390,161
(108
(125
(122
(124
(
rds.)
rds.)
rds.)
)
1
144,5->8.473
147,33H,5a6
63,9a»,889
b Includes the Hous <k Tex. Cent and Its subsld. lines In both years and for both periods,
Eastern Illinois in both years.
g Inoludes the Chicago
<Sr.
—75,823 006
—4,349,849 318
—3,724,773 2-77
e
—928,684081
+ 734.020]0-51
+ 4,130,488 2-81
+ 2,450,272 3-83
Oovers linos directly
)..
—
,
..
.
..
THE CHRONICLE.
2150
Vol. lxxix.
— firoKH K ariiiiii/s. —
—
Latest (}ro88 EarntiiK'S bj Weeks. In the table <chir)h
ollows we sunt np separately the earnlnKS for the third
we«k of November. The table covers 21 roads and «how8
11*99 per oent inorease in the aggregate over the same week
last year,
3d veek of Kovtmber.
1904.
Piuab'v
''an»(llan Northern
Canadian Paolflo
Osntral ol QeorKla
Denver <b Rio Grand*
Gr'nd Trunk of Can>«da)
Bnff&lo Rooh.
ik
.
Grand Trnnk West..
Det.Gr'nd
Hav
>
MlnneapoilB
<fc
St.
Loola
Mo. Kansas & Tnxae
Mo. Paolflo & Iron Mt. . .
Central Branch
Naehv. Chat. A
St. Louis.
St. Lon Is Boutli western..
&
Paoillo...
TUedo&Ohlo
Wabash
Central..
..................
Wheeling Lak e £r ie. .
&
WlBOonsln Central
Total (21 roads)
Net inorease
d
'
1903.
Inerease
Decrease.
«
S6,08R
175,409
95,400
1,071.000
210,620
367,900
9
36,358
150.213
84.700
910.000
202,300
2UP,400
25.196
10.700
161.000
8.3^0
77,500
730,635
687,626
43,009
55,478
61.370
468.089
804,000
26.000
45,941
58,914
426.135
41,9,'S4
8
9
272
&M11.
lowaOentral
Texas
210,5?08
193.25^
299,895
87,886
620.273
93,777
135,000
6,642,381
-Bg o «
757,000
33.0U0
194,221
181,466
289,113
68.6P0
424,867
85,95«
lll,'^6?>
6,038,085
i
9,537
2,426
47.000
7,000
..••
16.087
11,78 ^
10.782
19,306
95.406
7,821
23,T35
•••• ••-.
611,588
601,296
7,272
2d week of November.
1901.
1903.
$
$
Previously rep'd (20r'd8>
Ot. Southern..
4,011.451
65.906
3,810,358
57,857
Canadian Northern
Oanadiaa Paolflo
Central otGnoreia
Chattanooga soutiiem.
Chicago Great Western
96,700
1,086,010
223,820
82,>-00
Alabama
Ohio. iDd'pUs & Lonlsv..
Texas Pao.
Oln. N. O.
&
& Bonthern
Detroit Southern.....
Duluth 80. Shore <b A.tl
Gr'nd Trun k of Canada
Grand Trunk
.
976,00
206,500
$
233,637
688,780
717,862
776.725
11.6U8
217,316
769,276
11.529
197 382
79
19,932
119.418
118,18^
1,25a
7
l"8",959
"1,875
"i",985
"2,66'
i
West,.. >
Det. 6r. Hav. & Milw. J
Louisville & Nashville..
Mln^rfti Hftn(^<<
Minn. St. P. & 8. 8t6. M..
Mob. Jaokson & K.City..
Mobile & Ohio
Rio Grande Southern...
Southern Railway ......
......
Texas Central.
Toledo Peoria & Weat'n
Toledo St. L. & West
Total ( 44 roada)
Rat Inorease (4-26 n «
144,710
10,216
934.077
24,000
24,8 i
62,766
8,983.886
29,082
7,450
"3,006
147.716
8,5-^9
"1,687
915,526
22,521
18,552
1,47
24,163
57.057
5,709
8,616,619
H These figures are tor week ending Nov.
1st,
Previously rep'd (43 rds)
Grand Trunk of Can... i
Grand Trunk West .. >
i»DetGd Hav. A MUw. >
Mexican RaUway
Mexican Southern
Mob. Jaokson & &. City.
Total (49 roads)
1904.
87,451
12,251
88,775
16,524
69,449
Teleg. (50
Oct
28,718
Delaware & HudsonAlbany & Su&quehana—
July 1 to Sept 30....
312,738
22,288
118,793
112,538
&
Bar
&
Greenwich AJohnsonv.—
July 1 to Sept 30...,
Maryland & Peon. .Oct
$
8
8.641,432
7.931,910
9
731,728
697,048
692,115
4,983
11113,700
17,4 3
iri0.59o
H 109,000
118.106
2,484
9.480,183
8,768,^79
743,842
721,304
Current
17,743
Decrease.
»
22,203
4,700
• •».
335
22,538
5.
Previous
Tear.
Year.
$
>P
Delaware & Il'dson Co.—
Albany A Sucqueh.b—
July 1 to Sept 30
1,508,934 1,856.475
Ren8S.& Sar.i))Adlr.b—
1
to
July
Sept 30....
987,028 1,032,489
Xe( Earninfift.
rrivious
Current
Year
Sept 30..-
Manistee & No. G.a.Sept.
Jan, 1 to
Sept
80....
93,878
104,432
102,215
106,774
4,800
8,875
2§,999
841
2.027
5,876
28,999
6,426
40,228
*5,106
3,903
47,009
Mar. 1 to Oct 31....
July 1 to Sept 30.... 5.410,297
Staten Island RailwayJuly 1 to Sept SO....
8,149
Staten Isl. Bap Trans.—
July 1 to Sept 30.
45,933
Uteter & Delaware—
40.817
July 1 to Sept 30
8,048,788k3,lS8,998k3,093,656
8,149
*9,471
*8,449
44,931
*47,610
*81,675
40,142
*71.235
*68,604
STREET RAILWAYS AND TRACTION COMPANIES.
Latest Orost
ggmtm/t
WttkorMo Our'nt
Tear.
~~9
Albany & Hudson ...
American R'ys. Co.y.
Aur.ElginA Chio.Ry
Blnghamton Ry
'an. 1(0 Latest Datt
Frev'us
Ourrtni
rear
Ttar.
September
FrctUmt
Tear.
S
1
9
80,175
221,919 209.011
16,768 1.201,942 1.148,867
29.477
October... 119.894
4^,713
882,890
19.431 i8',6l3
211,951
262,204
5,83'6,417
Bnrllngt'n (Vt.)
66,841
63.883
September 363,65 i48,»-'2 i,8 63,707
Cal. Gas & Electric.
Ootobar... 41.859 41,89n
Cent. Penn, Tract
439,818 432.46*3
October... 65 625 43,3 J"'
379.902 237,948
i:niloago & Mil. Eleo.
October ... 69,834 72,103
658.474 670,883
Ohio & Oak Park
cm. Davton & Tol.Tr Ootober... 47.911 46,667 420.361 43S.153
Oln. Newp.A Cov.Ry. September 85,966 t»0,991
785,916 739,249
Oltlzens' Ry. «fc Light
(Muscatine, Iowa).. 'September 10 416
9.719
77.747
73.602
44,171 43.656
Olove.A 80. W.Xr.Co,. Ootober.
397.242 373,837
1975"- 18,3SV
191 946 183,216
Oleve, Fains V. & E... Ootob-'.r...
79.88.-i
77.49« 3.948.4 '8 8,843,216
Detroit On)Tj(3d Ry.,n 2d wkNov
d wk Nov. 12,08
11,8U8
Duluth Street Ry ..
887,636 642,840
East St. Louis & Sub. September 181.478 9 -(,243
980.292 765.024
37,946 37.011
Klgln Aurora & Sou. Ojtober
879.048 883.161
1
October ,..
October...
Trao. October ...
.
Year
$
33 6,097
73 2.294
def. 1,316
777
22,399
77,074
134,774
784,605
776,490
662,509
357,774
386,976
649,789
505,144
196,093
211,306
18,238
36,899
324,151
15,810
31,671
2s4,10a
6,106
17,783
138,353
6,263
14.097
119,738
.
Ft Wayne & Vabash
Valley Traction... September
September
Geary Street Ry
Havana
84,109
46,517
443,834
402.175
14.887
Eleo. Ry. Co. Wk,Njv.iO ti2,S71 126,8661 1,49^,346 11,298'.228
Honolulu Rapid Tr.
•September
a; Land Go
Houghton Co, St. Ry September
aouston Elec. St. Ry. <epceinber
Traction Co.. October,..
tndlanap. <fe E-*8t. Ry October...
MtkrtlnsIndian ap.
vlUe Rapid Tran.. Ojtober ...
Illinois
.
&Canada.b.—
to
78,726
-J
437,608'
Oant.of Georgla.a.Oot
969,995
1,107,704
July 1 to Oct Si.
3,501,516 3,143,340 l,09i.979
Ohatt'n'ga Sonth.aOot
10,282
6,555
def.737
July 1 to Oct 31..-.
47,693
86,874
8,535
Copper Range a ...Sept
51,251
47.677
20,689
July 1 to Sept 30....
174,995
149,316
84.088
Cumberland Telephone A
Telegraph Co
Oct
347,493
802,203
142,511
Apr. 1 to Oct 31
2,323,671 2,027,460
866,166
Greenwioh&Johusonv.b
July 1 to SeptSu
359,209
27,005
. .
— Oross Earnings. —
Boads.
463,752
822,150
New Y'ork Central-
GB088
Increase
303,300
330,769
Adlr.—
EABUmCHI.
Net Earnings MontlilT to Latest Dates.— The table f oUov ing shows the gross and not earnings of Steam railroacs
reported this week, A full detailed statement, Including atl
roads from which monthly returns can be obtained, iBglvet
once a month in these columns, and the latest statement o*
this kind will be found in the Cbbunici-b of Nov. 19
1904.
Thi^ next will appear in the issue oi Dec. 24, 1904.
1
8.876
17,625
$1,36:),531 last year.
12.
1903
..
Net Inorease (^-23 p. o.)..
tf These flgures are fur week eadlng Nov.
July
8,438
25,813
first
mteK of November,
N. Y.
A Met earnings here given are after deducting taxes.
After allowing for other income received.
k This l8 before deducting sinking fund or dividends. Surplus for
the quarter after deducting these Items is $1,427,873 this year, against
week of November oar final statement covers
49 roads, and shows 8 23 per cent Increase in the aggregate
over the same week last year.
For the
Penr.-Oot
*
ti68
454,718
367.267
A
July 1 to Sept 80
N. Y cfe CanadaJuly 1 to Sept 30....
13,843
31.8«!0
Set Kuril itiijii
rrr it I
I' re r ioxu
Yiur.
Ycat
<,' II
*
*
*
$
32.289
29,952
12.301
9,778
Mar. 1 to Oct 31
221,679
225,945
69,217
76,008
MlUon & Bonthw.a.Oct
7.366
5.019
1,196
2,154
July 1 to Oct 31...,
28,018
17,682
6,006
7,283
N. Y. Cent & Hod. RIv, faJuly Ito Sept 30. ...21.0^5.429 20,998.245 7,034.502 6,854.814
Pitta. O. C <k8t L.aOct
656,417
2,168,822 2.247,777
616,895
Jan. 1 to Oct 31. ...19,920,606 20,747,939 6,116,461 5,316,324
8t Louis Van. A T. H.b—
July 1 to Sept 30 ...
649.541
965,289
412,485
189,988
Staten Island Railway faJuly I to Sept 30
61,346
61.877
11,816
10,978
Staten Isl'd Rap. Tr. b—
July 1 to Sept 30....
172,972
186,007
80,861
86,267
Terre H. & Indlanap a—
July 1 to Sept 30 ...
692,048
554,116
172,467
218,584
Terre Haute <fe Peorlab—
July 1 to Sept 30....
179,168
166,161
13,698
38,986
Ulster & Delawareb—
July Ito Sept 30....
294,410
277,968
111,401
103,094
Virginia & So'thw.bOot
53,108
65.651
21.316
21,769
July 1 to Oct 31...
200,800
252,802
77,585
81,566
Wabash. b
.. Oct
2.543.165 2,206,294
631.325
614,136
July 1 to Oct 31... 9,715,763 8,567,562 2.616,0(>2 2,591,771
Reus.
109.000
17,320
79
2,164
171.546
98,9 t4
131,384
118,46d
45.975
$
32,544
8,049
13,900
2.24
152,587
98.»51
132,509
132.306
29.895
48.041
Year.
,
J'rKCiDug
Year.
Itoads.
Maryland
Copper Range
Sept
July 1 to Sept 30 ...
OumberLmd Telephone &
Decrease
Increase
Current
b Jatearninga herAglvenareoeforedeiuoting '.Mxea.
Interest Charges and Snrplns.
For the second week of November our final statement covers
44 roads, and shows 4 '26 per cent increase in the aggregate
over the same week last ypar.
Colorado
.
.
.
26.741
18,151
33.61'^
9l.o7.<
20,80e
24,867
16.478
38.598
78.94
18.015
842,949
147,778
201,724
145,098
792',648
651.455
132,875
181,876
(Si;
9,779
8.896
IndlanapollB& Sorth
western Traction., September 37,109|
mternat'l Tract. Co.
System (Buffalo)... Ootober... 364.811 i3S,978 3.479.605
Jacksouville Eleo.Co, September ^2.947 21,813
21 ,322
.165.379
Kansas City Ry.& U. laly
2,334,333
Ry
Eleo,
Ootober...
&9,53h{
Lake Shore
66,336 550.760
behlgh Val. Trao. Oo.
October... 45,464 43.86.^
Street Ry.Dep
812,821
15,50.:
Eleotrlo Light Dep, Ootober...
18.696
137,280
Ojtober... 32,43^ 30 377
Lexington Ry
282,256
Lo idonSt. .Ry.(Oan.) October... 13 Hit> 18.79(
150,754
a 325
Mad. (Wis.) Traction O 'tober...
8,41
84.8^4
&!let West Side Blev.. October... 177,58? I81,t*50 1.721,549
)IU.£leo Ry.&LtCo Ootober.. ^78,9 8 «"i.91 2,648,722
38,7ab 35,3 1>
tail. Lt Heat &rr. CO O tober ...
Ootober... 222,276 i06,601 i, 100,671
Montreal Street Ry
lyiuncie Hartford de
Ootober... 16,747
Ft. Wayne
151,386
Musk. Tr.A Light Oo
Street Ry. Depart.. October...
5,919
8,49b
78,136
Eleotrlo Light Dep. Ootober
3,430
3,223
28,267
3.984
G»o Department... Ootober
4276
36,940
. .
8,339,776
181,853
823,250
530,324
129,255
263,349
146 306
7H.299
1,707,044
2,498.514
356,750
1,897,743
78,603
29,536
87.372
—
.
.
...
Nov.
. ..
THE CHRONICLE.
2G. 1904.]
Laieit orotB jsarmngt.
&Bora
KAKNINaS.
——
.
Wtek orM(
Jan. 1
to Lateti
vufnt Prev'ui Our rem
Tear.
Tear.
Year.
'2451
—Current
Oross Earnings. —
Previous
Date
,
trevxou>
Year.
-
,
N^et Earnings.
Current
Previous
•
Tear.
Year.
Tear.
Tear.
S
$
$
$
180,777
1,448.959
812,233
8,448
84,044
158,267
138,267
1,534,169
748,667
7,664
61.092
International Tract. Go.
Niagara St. Oath. A
October
Toronto Ry
Norfolk Ry. &Lt.Oo.
July
Railway
July
City GaaCo
Bror.01iloTr.&Lt.Oo
Northern Texas Trao.
Northwestern Eley..
Olean St. Railway..
October...
October
. .
October...
September
Oranfc© Co. Traction. October
Peeks. L't'K A RR. Co. September
Fottsv. Union Tract. October...
Bye Oo.Gen.— Roads. October
. .
.
lilghtCo's
Rochester Hallway ..
Booh. &East. Rap. Ry
—
By stem (Buffalo) b. Oct
191,417
.
October...
October...
October..
Belolt &
September
Janesvllle
Joseph
(Mo.) Ry.
Bt.
Lt. Heat A Pow. Co. October...
184,075
872,925
343,040
74,237 71,428
7,742
90,708
9,446
78,915
747,727
78,018 76,272
741,573
382,8f^6
461,91i
66.047 47,R69
113,746 111,006 1,055,569 1,024,823
79,86H
9.242
9.050
66.372
9,201
100,874
9,9 8C
94,535
83,197
10,843 10527
I'es.osj'i
17.648 16,204
171,668
287,420
28,553 28,186
267.636
20,207
1.942
19,156
2,049
126,387 108,051 1.233,247 1,054,462
90,566
19,331
Rookford
12,378
11,826
98,238
60,500 56,088
October... 108S,843 664,174 8,394,i8C
Lonle Transit
8ao Panlo (Brazil)
Tram. L't & Po. Oo. Wk.Oct.8C 31,922 23.834 d 595,740
Savannah Elect. Oo. September 46,84b 45,606 401,888
Soranton Kailwav.-. October... 76,387 70,916 724,29»
September 19e,29f> 176,678 1,708,866
Seattle Electric Co.
South Bide £ievate<1 October .. 129,101 182,971 1,268,058
948
89)
Sprlngfl'd & Xenla Tr Wk.NovlS
633,408
Syracuse Bap.Tr Ry September 72,78e 72,078
Tampa Electric Co... September 31,201 25.046 262.710
TerreHante Elec.Oo. September 52,148 46,712 420,642
Toledo Rys. & Light October... 150.196 142.651 1,440,14j
A.ugust.
9,152
7.889
Toledo & Ind. Ry
September 20,864
162,767
Toledo & Western..
Wk NovlS 47,484 42,251 2.126.539
Toronto Railway
84,96i 77,196 3,742,894
T«rin Ctty Rap. Xran. 2dwkNov
September »l7.64'i 541,196 4,917,010
United ol San Fran
Wash. Alex. & Mt. V. October... 21,101 20,816 206,745
340.099
YonngstownSh aron September 37.15I4
8t.
.
.
101,687
6,065,98"8
d 501,061
386,078
690,492
1.538,607
1,273,081
594,668
2^8,545
342,824
1,368,630
I
1
Lexington Ry. b...Oct
Oct
Jan, 1 to
31....
Loud. 8t.Ry(C«n.)aOct
Oct
Jan. 1 to
31....
Madison TraoMon..Oct.
1.887,058
3,524,771
4,580,676
194,390
Spajueh silver.
These are restilts for Dro.p«ri;i<so owned.
d Figures here are from July 1.
u These eammgs Include the Detroit United Ry., Uetrolt & Port
Huron Shore Line and the Sandwich Windsor & Amherstbnrg Ry
Jan.
1
—
Oct 31
to
Montreal St. Ry....Oct
Mnnoie Hartford & Port
Wayne Ry
Soads.
— Gross Earnings. —
Current
Previous
lear,
Tear.
S
$
Xet Earnings.Curren'.
Tea?:
Alb'ny&Hud.RR.aSept
Fr'eviotta
Tear,
12,231
30,175
29,477
8,552
58,155
221,919
209,011
72,591
21,511
42,713
260,248
382,890
104,239
201,570
July 1 to Oct 31....
18,613
8,027
Binghamton Ry.b..Oct.
19,431
7,859
94,486
211,951
202,204
96,624
Jan. 1 to Oct 31....
OalUornla Oas A Electric Corp.—See detailed statement below.
Central Pennsylvania
2,921
41,896
4,356
Traction Co
41,359
Oct
117,904
439,318
432,453
68,408
Jan. 1 to Oct 31....
32,561
55,625
43,307
37,813
Ohio. A Milw. Eleo.Oot
160,261
237,943
236,346
879,902
Jan. 1 to Oct. 3l....
Cincinnati Dayton & To22,421
22,501
47,911
46,667
ledo Traotlon.b... Oct
127,496
251,328
245,846
114,768
June 1 to Oct 31....
cCln. Newp. & Cov Ry.
39,908
35,678
Sept
85,966
90,991
Co.a
805,043
739,249
297,221
765,916
Jan. 1 to Sept 30....
6,636
18,332
7,914
01ev.Palnesv.&E...Oct
19,758
77,513
183,216
77,944
191,946
Jan. 1 to Oct 31....
Cleveland & Southwest'n
20.022
18.782
44,171
43.656
Traction Oo
Oct
154,275
397,242
373,887
148,954
Jan. 1 to Oct 31...,
Ooney Isl. & B'klyn b—
322,865
516,570
209,040
611,838
July 1 to Sept 30...
Detroit United Ry.n (all
150,028
384,267
160,841
397,926
properties). a
Oct
Jan. 1 to Oct 31.... 3,785.155 3,688,317 1,473,364 1,506,600
24,622
25,565
53,632
Ouluth Street Ry.b.Oot
51,642
232,842
241,159
613,536
618,893
Jan. 1 to Oct 31
48,809
131,478
98,248
81,486
East St. Loul8&8nb. Sept
381,800
755,024
580,176
980,292
Jan. 1 to Sept 30....
14,142
15.906
Elgin Auro. &8o.b.Oot
87.946
37,011
16;i,706
388.151
158,850
379,043
Jan, Ito Oct 31....
77,612
172,062
79.278
31....
165,206
July 1 to Oct
Fort Wayne & Wabash
18,171
21,232
Valley Tractton ..Sept
54,109
46,617
136,788
152,168
402,175
Jan, Ito Sept 80....
443,534
Honolulu Rapid Transit
12,025
10,962
24,867
& Land. b.. .-?..-. Sept
26,741
89,873
201,724
94,305
JarL Ito Sept 30
242,949
Houghton County St. Ry.
7,102
8,953
16,478
(Hancock, Mich.). Sept
18,451
5a,472
47,456
145,098
Jan. 1 to Sept 3u...,
147,773
15,209
14,211
Houston Elect. Co.. Sept
33,615
38,598
34,224
15,940
Aug. 1 to Sept 30....
79,422
58,803
Hudson Valley Ry.b—
77,874
105,171
Aug. Ito Oct 31....
213,519
234,555
36,307
Illinois Trao. Co.Oct
47,911
91,073
76,947
278,741
353,215
Jan, 1 to Oct 31
661,455
792,043
9,881
Ind'p'lts&Eapt. Ry.Oot
9,851
18,015
20,803
64,884
86,169
Jan. Ito Oct 31....
181,576
132,875
Jan. 1 to Sept. 30....
Aurora Elgin&t^hlc. Oct
Jan. 1 to Oct. 81
m
Indianapolis <& Mart,lnsvlUe Rap. Trans.. Oct
Indlanap.
Northwest
Iraotton Co
Sept
July 1 to Sept 30.
4,835
37,109
111,281
16,964
64,910
A
204,145
100,639
178.865
95,892
50,969
31,170
24,155
191.417
184,076
70.880
67,273
78,013
747,727
56,047
461,911
9,242
79,869
9,950
52,071
10,843
83,197
76,272
741,573
47.669
382.866
35,174
341.205
26,272
205,336
4,162
85,783
2,942
20,042
5,213
33,633
33.958
338.310
20,110
177,239
5,162
35,866
808
18,925
4,917
70.136
72,847
13,063
17,678
19,331
Oct
Railway
90,566
.July Ito Oct 31...,
108,051
126,337
Rochester Ry. Co.b Oct
Jan. Ito Oct 31..., 1,233,247 1,054,462
451,596
526,089
July 1 to Oct 31...,
Rockford Belolt A Janes11,826
12,378
Sept
vllle
101,687
98,238
Jan, 1 to Sept 30
St. Joseph Ry. Light Heat
8,955
36.582
66,017
9,468
80.562
^orth.OhloTrac.ALight
Oct
Co.a
Jan. Ito Oct 31 ...
North. Tex. Tract.* Oct
Jan. 1 to Oct 31 ...
St.
Rv. Co.. Sept
9,0.''
66.372
9,201
50,115
10,627
A
664,278
250,766
51,002
515,974
222,222
6,236
40,848
6,745
48,453
26,451
20,744
171.145
36,955
321,796
62,128
533,695
26,316
19,101
161.383
32.153
302.995
68,479
448,657
24,246
65,398
63,850
32,358
72,078
72,786
212,693
97,897
219,405
14,606
26,046
31,201
106,235
223,545
262,710
Jan, 1 to Sept3o
28,442
46,712
52.148
Terre HauteElect..Sept.
143,446
342,824
420,642
JaiL 1 to Sept3u,...
3.842
7,389
9,152
Tol. A Indiana. a... Aug.
74.013
142,651
160,196
Tol. Rya. & Lt.O'>.a.Oot
671.809
1,440,143 1,368,680
JaiL 1 to Oct 31
197,819
348,646
368,057
Twin City Rap.Tr.bOct
Jan. 1 to Oct 31.... 3,576,228 8,369,489 1,895,822
16.323
32.T13
95.134
11,363
100.794
21.403
120,681
3,034
67,846
662,602
187,196
1,809,181
—
—
55,088
60,500
Oct
A Power
45,606
46.843
Savannah Electric. Sept
386.078
401,883
Jan. 1 to Sept 3u....
70,915
76,387
Oct
Scranton Ry. Co
690,492
724,299
.Jan. 1 to Oct 31...,
176,678
196,295
Seattle Electric Oo.Sept
1,708,666 1,538.607
Jan, 1 to Sept 30
—
Staten Island Midl'd b—
July 1 to Sept bO,...
Syracuse Rap. Tr.bSept
Jrdy 1 to Sept 30
Tampa Elect. Co.. .Sept
—
youngstown-Sharon Ry.
Sept
A Lt. Co.a
Jan. Ito Sept 30....
12,704
133,765
37,194
340,099
a Net earnings here given are after deducting
taxes.
b w«t w^rjiiDCP ii'>'-«( sri^wti ^rn Nefor* 'lednotlTjg taxes.
c Includes South Covington & Cincinnati St Ry. Co.
The Illinois Traction Co. is a consolidation of Danville Urbana A
Champaign, Urbana A Champaign Ry. Gas A Electric Co., Danville St.
Ry. & Light Co. and Decatur Ry. A Light Co.
.
„ _
n These earnings Include the Detroit United By., Detroit A Port
Huron Shore Line and the Sandwich Windsor A Amherstbnrg By.
m
Uniiereai iJtiarges and Surplus.— The following Stbbot
railways, In addition to their gross and net earnings given in
the foregoing, also report charges for Interest, &o,, with the
arplus or doiiolt above or below those charges.
.
Int., Rentals, elc.-^ ,-Bal.ofXelEarn'gs.—.
Prevwus
Current
Previous
Ottrrent
Tear.
Tear,
rear.
Tear.
Roads.
Cincinnati Dayton
ledo Traction
A
To-
31....
16,250
82,831
15,931
80,222
6.251
32.437
6,490
47,274
Oln. Newp. A cov. Ry.
Sept
Co....
Jan. 1 to Sopt 3o
17.215
151,041
16,483
148,219
18,463
146,180
23,426
156,824
July 1 to Sept 30....
Detroit United Ry. (all
72,649
67,628
•136.640
•166,424
Oct
properties)..
JaiL 1 to Oct 31....
88,685
891,655
16,614
164,984
9,383
92,730
37,172
85,119
828,882
•76.167
'616,843
9,061
76,176
6,673
66,620
48,106
•67.982
•710,364
8,784
77,919
4,870
71,246
40,923
June
1 to
Oct
Oct
—
Coner Island
& B'klyn—
—
Dulnth Street Ry...Oct
9,779
856,750
206,601
65.034
Jan. 1 to Sept 30
Orange Co. Tract. ..Oct
July 1 to Oct SO...,
PeeksKlll Lt&RRaSept
Jan. 1 to Septao
Rlohm ond Lt & RR. Co. b July 1 to Sept 30....
Bast'n Rap.
Rochester
bring together all the roads reporting as is
387,187
222,276
4,866
47,813
2.645
36,631
19,747
196.623
13.935
106,061
5,116
53,588
3.615
29,877
July Ito Sept 30,..,
Niagara St Cath. A To-
New York & Stamford
Olean
we
30,377
263.349
13,790
146.306
8,410
76,299
16,747
161,886
Co. a.. Oct
Oct 31
U
of the month)
done to-day.
32,439
282,266
18,646
150,754
8,325
84,824
292,550
24,058
132,460
11,965
101,508
—
b—
Jan, 1 to
t
Street Kailway Net Earnlnjfs.— In the following we
show ooth the gross and the netearnings toluiestdatesof all
STREET railways from which we have been able to procnre
monthly returns. As in the case of the steam roads, the
returns of the iiflferent roads are published by us each week
aa soon as received, and once a month (on the last Saturday
336,978
Jan. 1 to Oct 31....
Milwaukee Elec. By. di
262.917
126,027
Oct
278,928
148,731
Light Co..b
Jan. 1 to Oct 31.... 2,643,722 2,498,514 1.820,416 1,282,146
Milwaukee Light, Heat &
38.726
35,313
21,571
Oct
16.980
Traction Co.b
ronto By,—
Jan. Ito Oct 31....
.
.
.
354,811
to Oct 31
3,479,606 3.339,776
to Oct 31.... 1,579,396 1,635,294
July
22.947
Jaokeonv. Elee. Co. Sept
21,813
211,322
JaiL 1 to Sept 30
181,853
365,379
Kan. City Ry.A LtaJuly
713.408
June 1 to July 31....
59,S88
Ry.aOct
Sh.
Eleo.
Lake
55,336
550,760
Jan, Ito Oct 81....
523,260
Jan.
Oct 31
So. Oct
Elgin Aurora
Jan, 1 to Oct 31,...
July 1 to Oct 81....
Jan, 1 to
<fe
15.838
154,923
9,172
92,460
36,689
—
.
:
THE CHRONICLE.
[Vol. Lxxix.
—
f—Int., Rentals, etc.
—Jial.of Set ICarn'gs.^
Ourrenl
I'revious
J'revioux
Current
Year.
Year.
Tear.
Year.
^
"*
*
TtoadK.
$
*
Sept
4,657
41,277
3.212
28,910
*6,759
*56,4a7
*8,848
'61,278
3,389
.5,565
Sept3i>....
8,318
16,635
3.852
27,284
«,305
13,843
def.095
S.SCO
28.188
8,904
20,381
Hudson Valley Ry—
Aug. 1 to Oct 31....
Ind'p'Ue AEaat.Ry Oct
Jan. 1 to Oct 81....
82,244
4,167
41,667
84,183
4,167
27,292
"24,437
5.484
44,502
*2,604
5.114
37,592
139,851
134,613
1,297,511
20,926
123.611
265.499
5,432
56,294
3,688
df.21,248
3,854
236.658
210,073
4.564
34,183
Jan-
1
to Sept 3u
.
.
iHouKhton County St. Ry.
(Hanoook.Mloh.) Sept
Jan. 1 to Sept JO...
aonaton Elect. Co. Sept
Aug.
1 to
?0,'<!26
17,230
5,893
Oct
(Buffalo).
Jan. 1 to Oct, 31.... 1,325,348
656.734
July 1 to Oct 31....
3,016
Jfaokeonv. Eleo. Co Sept
27,750
Jan. 1 to Sept30 ...
20.370
Lake 8h. Elect.
Oct
203.708
Jan. 1 to Oct 3i....
Lexington Ry
55,764
2,385
533.884
3.100
26,899
20,370
200,004
5,412
53,401
2,289
78,790
766,733
73,949
723,104
•71.398
*576,439
*52,6T4
*52O,074
17,670
168,015
18,947
14,668
139,391
18,922
*3,901
*36,403
*2,314
-39,802
81,692
76,970
5,6U
Oct
Jan. 1 to Oct 3L....
Lond.8t.Ry. (Can.).. Oct
Milwaukee Eleo. Ry. &
Oct
Light Co
Jan. 1 to Got 31....
Milwaukee Lt. Heat &
Oct
Trao. Co
.Tan. 1 to Oct 31...
MontrealSt Ry....Oct
Mnnole Hartford & Fort
WayneRyOo
Oct
Jan. 1 to Oct 31....
StamfordYork
&
New
July 1 to Sept 30....
Niagara
ronto
Jan.
&
Cath.
St.
Ry.—
1 to Oct
5,000
44,000
6,3.'54
def.623
dr.3,480
8,523
45,744
2,481
82.650
2.827
4,458
36,562
6,675
6,063
24.628
36,806
41,830
31....
Light Co
Oct
*18,209
30,467
29,050
22.467
226,125
10,116
101,122
2.631
22,832
22,447
222,112
9,723
92,213
2,414
20,381
12,707
115.080
16.156
104,214
1,781
13,600
11.611
116,198
10,387
86,026
2,748
15,685
37,000
27,036
266,346
108,128
27,000
25,933
258,551
103,514
kl4,587
k24,049
*29,748
*292.985
*145,352
-25,«44
*263,226
*120,2e0
2,697
24,270
10,613
94,323
18,661
184,457
25.771
219,768
2,500
22,500
10,583
87,969
19,786
197,858
22.917
218,249
3,539
16,578
10,131
76,822
18,294
137,339
36,357
313,927
3,245
25,963
8,518
63,414
12,367
105,137
30.562
230,408
13.4C0
20,337
80.791
1,885
18,049
9,664
86,109
41.251
416,555
t97,309
t914,441
13,187
20,829
60,883
2,075
18,498
8,522
60,955
41.245
403,097
t78,444
1784,074
*13,139
12,016
37,106
12,721
88.186
13,778
57,337
32,762
255,254
100.610
981,381
•6,222
Richmond Lt&RR Co.—
July 1 to Sept 30....
BoohesterRy. Co...Oot
Jan. 1 to Oct 31....
July 1 to Oct 31....
Bookford Beloit & Janes-
Sept
vllle
Jan. Ito SeptSiO....
Savannah Electric. Sept
Jan. 1 to Sept 30....
SorantonRy. Co....Oot
Jan. 1 to Oct, 31....
Seattle Eleo trio Co. Sept
Jan. 1 to Sept 3U....
Staten Island MidlandJuly 1 to Sept 30....
Syracuse Rapid Tr. Sept
July 1 to Sept 3o....
Tampa Elect
Jan.
1 to
Oo. Sept
Sept 30....
Terre Haute Elect.. Sept
Jan. 1 to Sept 30....
Tol. Rys. & Lt.Co.Oct
Jan. i to Oct 31....
Twin City Rap. Tr.., Oct
Jan. 1 to Oct 3i....
11,784
34,251
9,288
82,296
32,881
59,726
26,»^01
254,505
108,751
1,025,077
After allowing for other income received.
t Fixed charges Include dividend on preferred stock.
tc This result Is after allowing for Income from Lighting Co. and
otuer income, amounting for this year to $28,534, against $33,371
last year lor the quarter.
&
Oallfornia Oas
Expenses,
Eleoteic Corpobation.
Corp.
inl.
PatsenKere oarrled, IcoladliiK
ferrv— Bubarban
?9,310.172
31,446,491
30,668.125
PaBeengers carried 1 mile
11(69725211 llS-»399068 1086876414
do flo
114.809
1 nrille p. lu. of road.
124.996
140,696
Av. mlleH oarr'd— all paee'!?er8.
37-79
41'40
3708
Aver, received from each pass.
other than ferry— pubaroan
$1-69
$1-81
$1-77
Average per pash'ger per mile
2'20i ot/».
other than ferry- -suburban .. 2 141 ots.
2 175 cts.
Receipts p, mile of main track. $3,195-48
$2,822 94
$3.050 95
do per revenue train mile (o)
$i-5&
$155
$1-63
Average No. pasft'^ers per train
64-64
—other than ferry— subuiban
63-63
6752
.
Freight traffic—
Tons carr'd, molud.
Tons carried mile
Ton miles per mile
an index to all annual
railways and miscellaneous
Average tons per loaded car —
Atlantic Coast Llue
208:1
BaDKOr
&
Aroostook
tiOO.-lMi
20^2
Buffalo
Si
SiisqueliHDna
2081, 20Ui
CblcaKO Bnrl & Quincy ....1V50, 19«4
19,51
CblcaKO & Kasteru Illinois
Ohio. K. I, & Pac. RailuMd..
lt*5l
Chic. K. I & Pac. R1/....1700, 1716,
Clncin. Ham. & Dayton
Cinoln. N. U. 4 Texas PaclUo
Cleve!:na L,<raln & Wheeling
'^!tvelau(l 'I'ermlnal & Valley
1951
1962
2UH
22(5
2V0j
Colcado Fuel & Iron
2H6
Detroit Si Mackluac
Detroit Simthern
Dominion Iron & Steol
Bdison Klec. Ill of Boston
214.5
asi02
SiOS
2(83
20c2
19l9. 1958
KvanKVllle* Terre Haute
Great N rthern
Greene Consolidated Copper
a2i'3
Iowa Ceni ral
22ul
Kansas City Southern
2201 2ill
Railroads.
Ktc—
.
1954. 20t3, 2091
Pullman Comuany
Rock Island Comyany
St. .Joseph & Grand Island
ft. Louis & Snn Francisco
Standard Mlllin,(
Toledo St. Louis & Western
TorrluKton
Company
Underground
$3 22
1-022
ots.
1-021018.
05
$6,27205
$6,272
$6,140-08
$6,032-47
$2-82
$2-77
$2-74
312-69
325-54
320-31
275-30
267-43
19-31
18-67
261-28
1808
a Based on revenue passenger and all mixed train miles, but ezoladiDg locomotives light and helping, b Based on revenue freight and
all mixed train inlles. but exolndlng locomotives light and helping
the methods prescribed by the Inter-Stata Cjmmeroe OommUslou of
the United States.— V. 79, p. 1642, 905.
;
Baltimore & Ohio Railroad.
(Report for the Fiscal Year Ending June
30, 1904.)
On
pages 2471 to 2474 will be found the report of President
Murray for the year 1903-04 and also the general balance
sneet in detail.
The comparative statement of operations, earnings, charges,
etc, for four years
Is
as follows
OPERATIOnS. EABMINOS AND EXPENSES
1803-04.
3,987
Miles oper. Jane 30
Operations
—
1901 02.
1902-0?.
3,935
3,834.
1900-01.
3,216
Tons freight carr'd*. 43.347,193 44,178,945 41.974,235 33,628.513
do do
1 mlle*.835»881237 8584.S86190 8291029912 7140897000
0-498 Cts.
0-556 cts.
0-528 Cts.
Av. rate p. ton p. m. O'-tS-s ots.
Passengers carried. 1 5 403 Ocil 15,021,671 13,577.423 11.660,900
do
1 mile. €57.869,286 626,8S5,795 552,624,425 458.291,750
do
1-976 cts.
1-997 ots.
2-08 i cts
Av rate p. pass p.m. 1-998 cts.
401
411
416
374
Av. train-load (tons)
$1-2740
$1-1308
Earns, p. pass tr.m.
$10401
$099
Earnings per rev.
$1-1'702
$1-86
$2-3338
$2'3166
freight train ml e.
Oro^searns. p. mile $16,3;22
$14,649
$14,905
$16,123
" Revenue freight only.
Earnings from—
$
Freight.,
48 617.104
Passengers
Mail
Express
Miscellaneous
47,756,251
43,779,786
13.146,449
12,52<>,988
11.2S8,5:-t7
1,38,'S.799
1.353,872
1,189,843
$
35,553,872
9,0^4,602
1,191.073
942.018
628.660
346,S9l
l,0b9 307
457,971
63,449,633
57,892.495
47,114,431
6.175,116
8.270.157
23,653,780
1,470,911
7.235,389
20,946.896
1,440,369
5,721.695
6,104 310
16.609,911
2,610,315
Total expenses . 43,628,864
(67-05)
P.O. of exp. to earns.
39.569,964
37,006,984
31,046,231
(62-36)
(63-93)
(66 89)
Net earnings
23,879,669
20,885,511
16,068,200
1901-02.
$
20,835,511
$
16,068,200
1,266.620
655,109
Total earnings
65,071,081
Operating expenses
Malnt. of way,eto
6.787,841
Malnt. of equipment 10.3''4,591
Oondnot. tranepor'n 24,761,628
—
.
1,704, >j04
..
21,443,217
1
7,'?84,3S1
37at.8b6
INCOME ACCOUNT.
1903-04.
1902 03.
$
21,442,317
$
23,879,669
19CO-01.
and
and miscel-
dividends
interest
1,609,850
1,235,220
8.'56,793
24,090,814
372,437
25,489,519
386,859
22,120,731
805.124
16,924,993
168,364
Available lnoome.2S,718, 377
26,102,660
21,815,607
16,756,629
Interest and rHntal8.x9,627,851 x8,934,9T9.TlO,ie2,833
1,175.062
Trtxes
1,239,726
1.305,510
1% dlv. on pref. stock 2,400,000 2,400,f00 2,400,000
4% dlv. on com. stock 4.970.482 4,970,482 3,0J9,848
2,500,000
'-'\ddltlonB <fe Imp'ts" 2,000,000
3,500,000
265,194
596,257
427,656
Mtscel. Improvem'nts
513,596
1,088,745
Discount •tecommlB...
8,148,512
970,904
2,400.000
1.800,000
2,500,000
210,932
207,b96
20,581,682
yl,233,925
16,267,644
laneous receipts
2,648,597
Pagt.
Arkansas
80^2, 2i*6
Louisville llnnderson & St. Louls.2144
Mergf nthaler Llnot y pe
2145
Minneap. lis & St. Louis
1952
Mobile & Ohio
iO-2
.. i'^iii
New Kok'lanil Cotton Yarn.
New Vom Susquehanna Jk West. .19.53
,!t
Pacific Coast
$300
689,449
299-10
1 014 ots.
all freight
Add
Louisiana
711,099
283-7d
S292
freight (avernge tons per train)
Sections.
Page.
727.196
277 09
all freight (6)
Ton miles p. revenue train mile
all freight (av. tons per train )
Ton miles per traffltj mile all
Net earnings
2146, 2155
20,260,573
Receipts per revenue train mile-
is
This index does not include reports in to-day's Chronicle.
22.230,367
road— all
— oommerclal freight
—
— allfrelght
reports of steam railroads, street
companies which have been published since the last editions
of the Railway and Industrial and Street Railway
Railroads, etc.—
American Colt in Oil
American Maklnft
of
freight
General expenses
ANNUAL REPORTS.
23.684,348
6562648418 6308502359 6059873410
Aver, miles hauled— all freight..
Average reoe ved from each ton
.
on bonds of Surbond
Sinking
interest,
September— Qrosi. Sub. Oos.,<tc. plus.
fund. Balance.
1904
$363,653 $276,9»7 $36,666 $36,458 $12,500 $37,708
59,485
1903
248,922
189,437
33,333
12,500
13,652
Annual Reports. —The following
co.'s freight.
i
oom'l freight.
p. ton p mile
Receipts per mile of main track
To-
Jan. 1 to Oct 31....
Worth. Texas Tract Oct
Jan. 1 to Oct 3l..„.
Glean Street Ry.... Sept
Jan. 1 to Sept 3U....
earnlnga. expenses and chareea of the system, and balance
sheet for two ytars pas*^, as given in the annutl report for tbe
year ended Jaae 30, 1904, will h^i foand on pages 24*51 to 2470
of to-day's Chronicle
A review of tbe results for the year
Is also given in our editorial columns.
Below are the statistics of operations for two years
TBAFFIC AND TRANSPORTATION OPBBATIONS— ALL LINKS.
1901-02.
19C3-04.
190203.
Av(> rage miles of road oper
8,767 48
9,024 f 9
8,84201
Pa8s<ngir traffic—
Av.
Northern Ohio Traction
&
30, 190 U.)
The remarks of Mr. Alexander Millar, Secretary, approved
by the board of directorB, atd elaborate tables fhowiDR the
:
International Tract. Go.
System
Report for the Fiscal Year Endivg June
*?
rionolalu Rttpld Transit
ALand
Sonthern Paclflc Company.
,'
2U83
H-SO
2'-'ol
\Vb\
1964
2144
2084
Rys. of
2145,2158
2^08
United Fruit
United iitates Steel Corp. (9 mo3.).lH3S
Western Maryland
1953
Electric
Total
Deduct net Wash. Br.
Deduct
-
m
20,731,499 32,154,980
y2,98G,878 y2,947,680
London
Total
Balance, surplus
Street Railways.—
In 1903 04 this Item ($842,000) -was charged to "profit and loss"
account Instead of being deducted in income account as In previous
years.
Montreal Street Hy
%2(ii
m
yiB8,985
Nov.
J
.
.
y The dlfferenoe In the eurplue as ehown here and In the pamphlet
l8 due merely to a difference In the method of charging the
oommon stock dividends, the above method being used for the sake ol
aimpltolty.
xThe Item of " Interest and rentals," $8,934,919 In 1902-03 and
$9,627,851 In 1903-04, embraoep;
Paid in Paid in
Paid in Paid in
1913 04.
1102-03.
»247,0SO
$247,060
941,2U7
M9..i27
310,8^5
387.545
Gen. tut. &dl8,Crf(i(t 308,778 Cr.847,74.4
]21,4-8
115.626
firouDd rents
2,084
2,984
Win. & Stras. RR.
39,743
30,4«9
Kqulp. interest....
l«.ia-08.
1903-04.
f2,537,5r0 |!J,50!?,600
2,700.000 2,745.000
48:<.3ti9
483,36»
Pitts. J. & M. D.
5(26,000
210,417
Sohul.R. E. 3
So.West Div.ai^8.. 1,526.000 1,526,0110
1HO,000
IHO.OOO
W.Va.*Pitts I8t4s
I8t 48.
888,0011
.988,000
144,000
144,000
OBNKBAL BALANCE SHEET JUNE
INCOMB ACCOUNT.
1903-04.
1902-03.
1901-02.
1,804,895
other operations
Earn8.of sub-oompan's 272,880
1,852,544
225,204
2,215,936
230,581
1,304,027
def.52,051
2,077,775
179,702
2,446,517
195,616
(7r.43,276
2,077,748
194,739
34,855
1,251,976
127.069
26,350
967.675
877,150
(7%)
1,061.408
<83«%)
1,0H4. 67
(7%)
1,312,107
1,134,410
1,233,186
13,790
earnings
Net
tropical
1900-01.
from
and
fruits
30.
1903.
1902.
Assets—
$
$
,f
Cost of road. Inol.seonr'B pledged. 291,845,9.59 286,337,021 278,29.'^,080
Rolling stock
31,032,617 31,454,752 30,101,100
787,468
728,490
781,471
Marine €qalpment
665,848
667,723
665,022
Gas ar d electric plants
Real estate
13,653,604 12,920,660 18,688,845
Cost of other roads ownad by B.
13,296.3C6 11,830,958 11,669,855
&0. RR
288,412
Seoarltles to retire old bonds, & o.
263,722
271,437
3,246,785
Due from other roads
8,130,796
2,361,101
WachlDston Terminal advances. 1,123,445
695,039
Southwestern Equipment Co... 10.373,079
8,510,799
Gash on hand and In banks
14,701,565 15,858.691 15.190,651
Agents' balances
3,230.872
4.609,925
4,045,442
Trafflo balances
1,211,626
2,278.064
1,342,687
Bills and accounts receivable
6,580,114
4,369,078
7,983,000
8,5PO,381
Bonds of sundry companies
13,646,721 14,730,295
Stocks of sundry companies
43,393,358 38,776,190 16,543,877
Material on hand
4,836,202
3,605,697
4,616.740
Insuianoe fund and misoel'llous.
271,950
267.938
283,926
1904.
Total assets
Liabilities—
Preferred stock
Common stock
Total head of cattle Sept. 80, 1904. 13,289, against in 1903
11,056 and in 1902 13,134; horses and males, 2,710, against in
1903 3,608 and in 1902 2,243; miscellaneoas 243, against in
1903 201 and in 1903 837. Railways owned, 154 miles, against
123 miles In 1903 and 114 miles in 1902.
The income account and balance sheets follow:
P.L.E.&W.Va.reMs
Oilier bond Int...
.
PlttS.Cl.&ToI.l8t6s
2453
O.Riv. l9t4geD.6s
Prior ]len3!^s..
First mtge. 48 ..
&W.
.
THE CHRONICLE.
26. 1904.]
report
Pitts.
.
.
,
469,970,574 444,221,692 392,747,943
59,982,762 59,374.289 59,361,267
124,262,060 124,262,060 76,996,200
Bonds (see Ry. & Ind. SKO.)
227.262.530 221.886,530 221,851,530
Two-year notes
10,000,000
Ground rent liens
802,309
881,181
798,450
414,;i96
Real estate mortgages
20,000
613.475
Bonds and stocks not deposited..
147,963
146,495
161,939
Car trust and lease warrants
47,439
9,483
M. Rlv.RR Co. oar trust wat'ants
259,000
315,000
377,000
7- 0.000
Monon. River RR.Oo. 1st M bonds
700,000
700,000
W. Va. & Plttsb, RR. Co. Ist. M.
4,000,000
4,000,000
4,000,000
Sohayl. Rlv. E. 8. RR.Co. 1st M..
5,000,000
4,500,000
4,500.000
Due to railroads
1,626.675
2,082,073
438,223
Due to Wash. Br., iDol. annuities. 1,091,432
1,310,982
1,603,080
Dlv. andlnt. prior to July, 1898..
12,869
20,315
34,918
Plttsb. &West. equUm'i trusts...
848,CO0
477,750
Pittsburgh A West, settl. aoooant
192,608
186,910
lV496",719
Pay-rolls
2,S80,3S3
2,378,177
2,255,326
Accounts payable
2,373,101
2,641,067
2,376,656
Traflio balances
857,223
l,10f>,694
1,882,629
Unclaimed wages
62,354
113,999
110,094
Accrued interest
?,218,3Hl
3,607,514
3,480,927
Dividends declared and nnpald.. 3,841,147
3,825,690
2,822,642
Individuals and companies
1,439,038
2,308,268
3,831,227
Accrued taxes, etc
634, »55
393,480
512,531
B. & O. relief department
1,863,238
1,666,476
1,279,316
Profit and loss
7,311,956
6,506,647
2,625,222
Total
Interest on bonds
Mlgoellaneous
Dividends
Rate of dividend
1,106,101
972,674
Total
Balance
66,0si3
1,106,745
971,003
BALANCE SHBET SEPTEMBER
(9%)
30.
1904.
1903.
1902.
Plantations and equipment... $15,596,658 $15,278,925 $14,531,283
1,810,199
1,111,886
1,019 316
Caeh
1.155.243
1,107,414
Accounts collectible
2,345,317
109,158
121,186
57,874
Advance payments
1,946,946
1,911,812
stocks. &o., of other oompan's.
1,209.225
389,046
687,014
Mieoellaneous Investments
88,174
1,807,491
Advances for aoot. of No. Ry
1,187,088
9,511
9,851
Other accounts
Asselt-
.
Total .LiaMlilies
Capital slock
Convertible bonds..
Property notes
—
$23,824,253
$21,314,676
$15,782,000
2,696,009
$12,575,600 $12,369,500
3,944,000
4,000,000
410,128
400,000
149,169
460,fi52
341,079
199,770
278,864
315,113
310,040
16,433
27.424
2.764,815
2,008,376
Notes payable
Jamaica hurricane
Accounts payable
Drafts and acceptances
Dividends
Miscellaneous
Income accounts, sarplus
........
516,525
336,391
315.640
20,744
3,157,951
$22,824,252
Total
$19,351,189
$21,314,675
$19,251,189
-V. 79, p. 2208, 1026.
.
Total liabilities
79, p. 2084, 268.
469,970,574 444,221,692 392,747,943
-V.
United States Redaction
&
Beflnicg Company.
(Report for the Fiscal Year Ending July
31, 1904 J
The report, signed by the Executive Committee, viz., C, C.
MacNeill, C. L. Tutt and Spencer Penrose, says:
Inthelast annual report It was necessary to note a decrease in the
tonnage of ore received by the company, due mainly to disturbed labor
conditions in the Cripple Oreek district, and the hope was then expressed that the trouble would soon be settled and a complete resumption
ized
of operations obtained.
This hope, however, has not been real-
and the contest has continued for practically the entire liacal year.
Under the policy of the State Executive, tlie disturbances have subsided and there are avsuranoes of an early return to normal conditions. There has been no trouble with our employees, but the conditions referred to have resulted in a large decrease of earnings.
The net proflt In operations was $i99,336. Only one (preferred)
dividend was paid, amounting to $59,i87. This, together with interon bondp, $180,000, leaves $160,149 to be passed to surplus. From
amount the sinking fund Is provided. The payments to the sinkit g fund are not detiiied to income account for the reason that the
bonds so purchased are carried as a debit against 'sinking fund bond
investment account" as an oflfaet to liability of $3,000,000 bonds out-
est
this
Central Faciflc Railway.
('Statement for the Fiscal Year Ending June 30, 1904. J
The
reenltB for the fiscal years ending Jane 30
follows:
1903 04.
1902 03.
Gross earnings
$22,444,213 $21,121,671
Operating expenses
13,925,568
12,639,477
Net earnings
Other income
$8,618,645
886,228
Total income
Fixed charges, etc
$9,404,873
6,914,751
Balance, enrplus
79, pp. 2204, 1641.
$8,482,194
863,844
$9,346,038
5,263.121
$1,082,917
$3,490,122
-V.
compare as
190102.
$20,191,111
12,558,646
$7,632,465
1,000,970
$8,633,435
4,917,715
standing.
The Utah Investment mentioned in the last report has been made,
and the outlook there prooalsea to add substantially to this company's
income.
As a result of many experiments, a plant has been Installed for the
treatment of the larj^e tailings damps at Colorado City. It Is now in
suocesefal operation and will produce a substantial adcltional revenue
many years.
"The present ore production tributary
for
to our mills
indicate a genuine revival of profitable operations."
The income account and balance sheets follow:
STATEMENT OF INCOME TEAR ENDING AUGUST
1903 04.
190203.
$3,715,720
Income from
all
tion
Total acrtagt.
190». J002.
148,f09 108,H0i «H,h76
fi4,777 75,761 75,761
,
,
160*.
Cuba
Honduras
Jamaica
San Domingo
Rep. of Columbia
Rep. Of
Also
600
600
30,107 20,079 29,0:9
18,203 18.203 18,803
10,809 »,8ll>
27,488 23,263 { ''"'^
Panama
__Total».
.
— Planti and (quip., book cost. —
1W04.
$5,873,887
4,425,092
37.254
2,807,497
623,481
803,305
2,125,242
leases 1.188 acres In Costa Rica
and 25,123 acres
,
I-MOs
Houses and buildings
Cultivations
Livestock
Tools and maoblnery
Railways
Telephones.
Wbarves, lighters, etc
Meiobandlse (Btores)
SuKarmill
Total
$474,892
57,000
$950,309
67,250
$1,368,673
25,071
9,678
3,290
8,850
10,540
4,440
4,6H6
1,046
576,353
$1,036,373
$1,373,849
840
2,3211. fi42
&li>,524
ii96.40(i
>
2,021,627
5
l."»8,803
1904.
$8,502,792
825,35*
2,486,420
513,111
150,608
1,304,784
85.659
346,016
577,303
804,612
cial salaries, advertising, taxes,
Total dedaotions
Surplus
'
BALANCE SHEET AUQU8T
1903.
$8,433,733
1902.
$8,288,082
885,165
3,340,779
457,804
149,548
1,179,784
848,097
2,072,589
443,389
14^,029
1,089,784
85,*»59
$416,303
$160,160
8.^
659
332,406
4H 1,637
801,612
$15,598,6f3 $15,278,925 $14,581,283
$903,040
$470,809
$852,269
$184,104
For thirteen months.
ETC.
342,774
699,067
804,612
offi-
$152,669
etc
161,443
$176,053
13,016
Cost maintaining Idle plants
10,672
8,875
21,066
Organization expenses
226,365
Improvements auring year......
4,901
18,841
Preferred dividends paid
(l»s) 59,187 (6) 236,743 (4H)176,S86
Oommon dividends paid....
(4)236,762 (2)118,038
*195,C00
180,000
Interest on bonds
180,000
in .Tamalca.
BOOK COST OF COMPANT'8 LANDS,
-
1902.
$5,514,188
4,401,744
47.0S7
19)3.
$5,581,605
4,4ll.9n2
47,087
2.398,603
522,720
298,683 265,519 24S,127 $15,566,658 ?15,278,925 $14,531,283
,
1901 02.
Deduct—
General expenses, legal and
LOCATION AND BOOK VALUE OF PBOPKRTT OWNBD.
Costa Rica
1.
plants in opera-
Income from outside investments
United Frnit CompanT.
Premiums obtained from bonds
(Report for the Fiscal Year Ending Sept. 30, 1904.
purchased for sinking fund
Interest received on bonds pnrThe remarks of President Andrew W. Prtston on pagfs
obataed for sinking fund
2475 and 2476 of to-day's Chronicle afford many particulars Sundry intereBt received
reepectlDg the property and Us business. Farther facts frcm
Total Income for year
the report follow:
would
1904.
Aisets—
I
$
Cost of property.. 12,170,605 12,115,176
Ontu Ido
Investmrnts. cost
719,889
640.180
Cash, accts. rec'le
and advances on
oro. etc
Trust. Cos., N. Y...
i-
Koss er & CIcN.Y.
Supplies, etc
Hjudslnslnk.fund
Total
-V.
79, p. lai^S.
1.
1904.
1003.
417,149
,S5()
B.IMm
S03.769
177,000
411,678
8,v44
5.049
295,2.31
90,000
13.723.P88 18,669,862
LiabmtUt—
$
Common
stock
outiitandlnK
.. 6,P18.8f0
First morf. bonds. 3,000 000
Accounts payal)le.
24,100
Unpaid
Interest
and dividends.
Accrued Interest..
Income acct., sur.
.
Total
1903.
I
Preferred
stock
outxtaodlnK
3,940,8(0
S,lfl9
IB.OOO
815,063
3,915,800
B.918.80D
3,000,000
30,100
6,049
16,000
664,913
18,72S,PS2 13,560,682
—
:
THE CHRONICLE.
2454
some weeks ago
PEOFIT AND LOSS AOCODMT TBAB Ein>INO JUNE 30, 1904.
Surplus to Jane SO, 1903.$448,944 Total eurplus Deo. 31,'03.$&49.669
116,968 Inventory depreciation.. 344 003
Leea oorreotlons
I
Burplnsbro't forward. $331,986
montbs ending
217.683
Dec. 81,1903
1
Profits 6
Tot. surp. Dec. 31,'03.$549,669
1
I
Tot. 8urp. Dec. 31,'03.$206,e68
Profits 6 months ending
June 80, 1904
Tot. snr.
BALANCE SHEET JUNE
SittU—
Properties
Patterns
Treasury stock
3
Suspended bills
Prepaid Interest
Inventory
Bills and accounts
:$8,251.288
14.770
140.143
29,200
6,401
1,326,675
re-
673,544
147,040
ceivable
Casn
$10,588,062
Total assets
296,326
30, 1904.
pany below and V. 79, p. 1641, 1331.
Canadian Northern Ky. To Guarantee Bonds.— See Great
Northern Ry. of Canada below. — V. 79, p. 1641, 151.
$7,000,000
Central Faclflc Ry.— Listed.— The New York Stock Ex8,600,000
193,526 change has lieted $2,941,000 additional refunding mortgage
811,325 4 p. c. guaranteed bonds of 1949, making the total listed
63,874
LiabUitiet—
OapltBl stock
Bonded debt
BUlB payable
Accounts payable
Pay-roll
25,642
Acorned Interest
Contingent fund and
malnten'ce account.
Surplus June 30, 1904
32,203
4til,!492
Total liabilities... $10,588,062
;
;
155, 1268.
United States Glass Company.
{Statement for Fiscal Year Ending June 30, 1904
Preeident D. C. Ripley's remarks were cited Aug. 20
(page 787).
FINANCIAL STATEMENT JUNE 30.
J
Current Assets—
Glass and materials
Accounts receivable
BUlB receivable
Cash
Total
Current Liabililiei—
Accounts payable
Bills payable
1904.
1903.
$603,277
394,632
422
e3.S47
$675,853
364.465
2,934
61,154
$1,061,678
$1,004,406
$l.'iO,351
$150,862
175,0U0
173,000
$323,351
$738,327
2,522,100
Total
Net quick assets
OoBtof worke
Qlassport Land Co. net inveslment
Total
Bonds
Non interest-bearing notes
Canada Atlant'o Vij,—New Bond Ixsue The shareholders
will vote Dec. 20 on a by-law empowering the directors to
apply for an Act by the Parliament of Canada authorizing,
upon terms to be set forth in the said by-law, the issue of
bond'', debentures or other securities to the extent of $ 8,000,000 (in Hen of tlie securities to the extent of $14,000,000
already authorized), to be secured upon the company's railway, bridges, franchises, rolling stock, elevators, plant,
equipment, tolls, revenu-s and all other property, real and
personal, belonging to or which may be acquired by the said
company. The $16,000,0 bonds will be guaranteed, principal and interest, by the Grand Trunk Ry. See that com-
80',04. $461,992
Jnne
xlnoludesplBnt. etc ,$7,062,360; coal properties, $366,214 cohe
llmestOBe, $24,968.— V.
?roperty, $479,267 ore property, $828,489
;
$3,260,427
$390,600
179,285
$325,862
$678,544
2,352,900
371,031
$3,402,475
$78,437,000.
Report.—See page 2458.— V. 79, p. 2204.
Chicago Barllngton & Qaincy RB.— 5ate of S19.699 000
Illinois Division Bonds— Rt funding.— The ccmp&ny has sold
to J.
P
M )rgan &
Netgalnfor Tear
—V.
to
June 30
$669,885
..$2,690,542
$307,728
79, p. 737.
GENERAL INVESTMENT NEWS.
RAILROADS, INCLUDING STREET ROADS.
Arkansas Western Ry. —Purc/iase of Securities by Kansas
City Southern.— See that company below.
Baltimore & Ohio RR.— iViei* Director. At the annual
meeting on Monday, First Vice-President George F. Randolph was elected a director to succeed the late John K.
Cowen.
Annual Report.— See pages 2471 to 2474 of to- day 'a
Chronicle.
Aetc Office Buildivg.—The company has decided to build a
—
14-ttory tffice building, costing, it is said, about $1,500,000,
at the corner cf Baltimore and Charles streets, Baltimore,
two blocks west of the old Central Building, which was destroyed by the fire Feb. 7. The ground area is 155 by 168
feet.—V. 79, p. 2084, 268, 266.
Berkshire (Mass.) Street Rj.—Netv Bonds.—The Massachusetts Railroad Commips'on has authorized the issue -of
1100,000 of the propoeed |200,000 5 p. c. 20-year second mort-
a block of the $85,000,000
—
preferred stock and the common stock into new common,
in each case dollar for dollar, and for mutual protection in
case of offer of purchase. Any such offer iceepted by affirmative vote of 70 p. c. in amount of the trust certificates for
the particular securities affected thereby shall be binding on
all the depositors of such securities.
The trust agreement is
to expire Aug. 1, 1908, if not earlier terminated by a sale or
by unanimous vote of the committee. The committee consists nf Thos. Caimichael, Charles F. Dean, E. W. Clark Jr.
andR. H.GlyE; the depositary is the First National Bank,
New Yrrk. The details of the former similar agreement,
JVcto
$3,402,475
$251,871
Company
bonds of 1899 ($19,699,000) under an agreement by which the firm will refund at or before maturity the
consols of 1873, originally 7 p. c, but extended in 1903 at 4
p. c. until July 1, 1905.
Leaded. The shareholders will vote Dec. 21 on purcbaelag
the properties of the Jackscnville & St. Louis RR Co.,
now controlled and operated under lease.— V. 79, p. 1964, 1950.
Chicagti Peoria & St. Loals Rj.— Majority of Stock and
Incomes Deposited.— Vnder an agreement dated Aug. 1, 1904,
a majority each ot the preferred and common stock ani the
income bonds has been placed in the hands of a commiti^ee,
with a view to the conversion of the income bonds into first
preferred stock, of the present preferred stock into second
Illinois Division
dated July
Total
Total assets in excess of liabilities
[Vol. Lxxix.
—
La Belle Iron Works, Wheelingr« W. Ya.
("Statement for the Fiscal Year Ending June SO, lOOU.)
The following statement for the flacal year ending Jane 30,
1904, was made public at the annaal meeting which was held
9, p.
:
17, 1901,
Bonds.— See
were given
Litchfield
at length in V. 78, p. 183.
& Madison
RR. below.—V.
79,
p. 902.
Chicago Suhway Co.— iHtnois Tunnel Co, Acquired,
—This company was incorporated in New Jersey on Monday
with $50,000,000 authorized capital stock, in shares of $100
each, the incorporators being employees of the Corporation
Trutt Co. of New Jersey. The company is organized by
interests identified with the
leading railroads entering
Chicago, and, having acquired two-thirds (66*73 p. c.) of the
$30,000,1.00 capital stock of the Illinois Tunnel Co., proposes
to develop the latter's tunnel railroad system for the transfer of freight.
The purchase includes the entire capital
stock of the Illinois Telephone Construction Co. The purchaser, it is said, is prepared to buy the minority interest in
the Illinois Tunnel Co. on the same terms on which it acquirfd the majority shares. President Wheeler of the Illinois Tunnel Co. will continue in office, but the other officers,
it is understood, will give place to the representatives of the
new
financial interests. The Tunnel Company has completed
22J^ miles of tunnels, which for the most part are 63^ feet
wide by 1}4 feet high; 2,000 tons of freight a day, the
newspapers say, are being handled. In February, 1904, the
company sold $15,000,000 of its $80,000,000 first mortgage
gold 5s, but those In Interest decline to say whether these
bonds will be assumed or guaranteed by the new company,
See V. 78, p. 820; V. 79, p. 501, 627.
President A. G, Wheeler made the following statement
It became necessary that the parties oontrolling tbe steam railroads
with terminals in Chicago should be Interested In the tunnels, and Immediately use the tunnels for the transfer of the freight from the railroad terminals to the basements of tbe business houses. To produce
this result and gettheVuncels In full operation ar the earliest date, the
holders of two-tblrds of the stock of the Illinois Tunnel Oo. sold their
stock to a corporation called the Chicago Sub «7ay Co., this corporation being controlled by the owners of all of the steam railroads that
terminate in Chlnaeo. and represented by £. H. Harrlman ard James
Stlllman, ot the National City Bank of New York Cltv, and Messrs.
Kuhn, Loeb & Oo.,throu>th Jacob H. Sohlff and P. A Valentine, of
gage bonds.— V. 79, p. 1704.
Boston & Worcester Electric Companies. Bonds,— The
Massacbueetts Riilroad Cnmmifsion have authorized the
Boston & Worcester Street Railway Co, to issue $160,000 4>^
Compare
p. c. 20-year bonds for double- tracking purposes.
V. 79, p. 2084, and V. 79, p. 2204.
Boston & Worcester Street Ry.— Bonds.— See Boston &
Worcester Electric companies above.— V. 79, p. 2084, 902.
Bristol County {MasB.)StreetRj.— Receiver's Sale Dec. 17.
who Is the local representative of the railroad interests.
—This company's property is advertised to be sold at receiv- Chicago,
The Illinois funnel Co. will remain the operating company and
ers' sale at Attleboro, Mass., on Dec, 17, under decree of the the Chicago Subway Co. tbe seonrlty-boldlug cono-ro. OIHoers of
United States Circuit Court, subject to the first mortgage of the latter will be elected next week. Th« b.>ard of director-" will In1901, under which |20O 000 bonds have been issued, and sub- clude one prominent telephone man and the rest railroad men. tf ore
ICO miles of subway will be oonstrnoted during the next few
ject to all other existing liens. Upset price, |30,O0O. See than
7 ears, tapping all the business districts of the city, bounded by 22nd
plan, V. 79, p. 600.
St. on the south. Hasted on the west and Chloasjo Ave. on the north.
This Cblcago Subway Co. has noconneotlou with nor are any parties
Boffalo Rochester & Pittsburgh Ry.— iVeio Stcck—At the interested
in It connected with the street railways of Chicago.
stockholders' meeting on Monday the proposition to increase
Roswell
Miller, Chairman of the Chicago Milwaukee &
the common stock irom |9,000,0C0 to $12,000,000 was duly
St. Paul Ry., is quoted as saying that while the railroads are
approved. Compare V. 79, p. 1955.
Entrance Into Pittthurgh .—Th^ company has arranged to not directly interested in the enterprise, thay welcome anyuee the main station of the B. & O. RR. Co. in Pittsburgh, thing that will reduce the present awkward and costly
s'ystem of city delivery. He speaks wlh authority as far as
Pa., beginning to-morrow (Sunday),
New Director.— SskmneX Woolverton, President of the Gal- his own road is cocoerned and by belief of the other roads.
latin National Bank, was elected a director, to succeed Aug,
Chicago Union Traction Co.— Merger Plan.— The effort to
Richard, resigned.— Y. 79, p. 2084, 1955.
arrange a merger with the Chicago City Ry. Co, continues
—
—
:
Nov.
—
1
1^6,
THE CHRONICLE.
1904.
2155
Except where the road passes through the city of tf onroe, it la all
an interesting topic in Chicago, with the probabilities of a
bntlt on private rights of way. The bridges are of steel and the ensucceesfol issue varying apparently from day to day. The tire roadbed la rook ballasted. There are no crossings
at grade. Four
local papers on Thursday, however, reported that a circular 75-horse-power motors are undnr each car, and they ara geared for a
making an offer to the stockholders of the City Railway of high rate of speed. Between Detroit and Wyandotte there is a double
which will be continued for the entire distance. The cost of
probably |200 a share would be issued shortly, and that at- track,
the road, it Is stated, has been more than $2,000,000.
tached to the circular would be the names of prominent house at Monroe Is complete In every detail.— V. 78, p. 1961.The power
•Chicago men whioh would help to make the offer attractive.
Detroit United R&ilYf&j.—Refundina.—The company has
John J. Mitchell is quoted as saying "Satisfactory prog- sold to a syndicate headed by K3an, Van
Cortlandt & Co.,
ress has been made toward the merger of the elevated roads
18,200.000 of its first consolidated mortgage 4% p, c. 30 year
as well as the surface roads. The consolidation of the ele- gold bonds due Jan.
1, 1982 (authorized issue limited to
vated roads is a proposition entirely separate from the surIn order to refund
:
Any connection of the two consolidations will
be a matter for the future to work out."
iVoa;tes.-R R Covin, of H. B. Hollins & Co., on Nov. 14
sent letters to the President and directors of the North and
West Chicago Street RR. companies informing them that the
stockholders which he represents propose at the annual meeting in January to elect an entirely new board for each company, and one that will be more friendly to the Union Traction Co. This is supposed to mean that the latter will vote
its 33,000 shares of West Chicago and 20,000 shares of North
Chicago stock. On Nov 18 H. B. Hollins & Co. sent the
following to the shareholders of each of the two companies:
face merger.
Aboat ten days before the annnal meeting, whloh will be held on th
10th of January next, yon \vlli receive from us a oommucloatlon
which may have an important bearing upon the Talae of yonr holaIngBofWest Chicago 8 reet Railway Company stocke. Until this is
received and considered by you we suggest that yoa withhold any
proxies npon your shares of stock.
<«
Receivers' CerUficates.—The receivers have been coneid'^ring the issue of $5,00(1,000 of certificates, of which $3,000,0
for street paving, track repairs and other permanent improvements, 1800,000 to take up certificates issued for the
purchase of new cars. $600,000 for permanent improvements
already made, |400.000 to take up certificates for money bor
rowed last ppring and $150,000 to pay the interest on bonds
falling due Ddc 1.
Referee dum.—Mskyor Harrison has received the referendum petition suargested in his proolamation, carrying, it is
claimed, about 130,000 signatures, and is quoted a? saying
that he will keep his promise of preventing any franchise
legislation until after the matter has been laid before the peo
pie. The petition asks for a referendum to the next spring election, of the Chicago City tentative ordinance or any other
franchise extension ordinance. As to action touching municCity Ddpartment," V. 78,
ipal ownership compare "State
p. 1408; V. 77, p. 1553.— V. 79, p. 2085, 902.
&
Cincinnati Hamilton & DHjton Ry.— Sale of Guaranteed
Bonds.— See P^-re Marquette RR. below.
Not Under Option. The negotiations between the Erie interests and friends of the C. H. & D. are still in progress, no
—
A
option on the control of the latter having yet been given.
large maj jrity of the capital stock (|81,500,0C0) is held In
block under trust agrepments and could readily be turned
over If a satisfactory offer were made. The United States
Mortgage
Trust Co. holds over $8,000,000 of the $13,500,000
common. (V. 78, p, 2441; V. 79, p. 212,) and H, B, Hollins
Co. over 90 p. o. of the $8,000,000 preferred. (V. 79, p. 733,
786, 902, 1461).— V. 79, p. 2085, 1952.
&
&
& Power
Co., Newport News, Ya.—
Earnings.— The results for the 11 months ending Sept. 30,
1904 and 1903, compare as^follows:
11 mos.
Gross.
Net.
Bond Int.
Bal., sur.
$2i.l33
1908 04
$139,634
$59 800
$36,667
1902-03
122,689
3,876
34.814
30,938
Citizens' Ry. Light
-V.
71, p. 84.
Cleycland & Pittsborgli RB.— Lis fed.—The New York
Stock Exchange has listed $67,000 additional general mart
gage 3}^ p. c. guaranteed bonds, Series D, making the total
amount of said Series D listed to date $J,000,000.—V. 79, p.
2205, 2147.
Y.
Coney Island & Brooklyn (Electric) BR., Brooklyn, N.
New Mortgage.— Th*i shareholders will vote Nov. 29 on
authorizing I lU,UOO,000 4 p. c fifty-year bonds, to retire existing issues and provide for extensions and improvements,
V, 79, p. 1704.
CouHolidated (Electric) Bailway, New Haven, Conn.—
New Line Optned The company's new line from Montowese
to WalUngt'ird, Conn., wiS opened on Nov, 2l.
The fare
from New Hiven to Wallingford is 20 cents,— V. 79, p. 1461,
—
1831,
Terminal Bailway & Union Depot Co.— Hond
Dallas
Issue.
—The company has applied to the Texas Railroad Com-
mission for authority to insae $1,000,000 bonds. It Is proposed to retire the existing $83,000 first mortgage 68 andjother
indebtedness incurred for the terminals, etc.; any surplus to
be applied to improvements. The control of the company was
acquired by the St. Lrais & Southwestern R*llwAy Co. in
1903.
Compare report of that company in V. 77, p. 1222,
1228.
-V.
76, p. 653.
—
exending from Detroit to Toledo. Connection
Toledo with the Lake Shore Electric Railway for
Cleveland, the intention being to cover the 175 miles between Clevelan(? and Detroit in Q^ hours, with change in
cars only at Toledo. J. L. Hudson ot Dotroit Is quoted as
flaying
&
&
—
Erie RVi.—Eq>npment Bonis,— Fivaoa, Leaoh & C). are
offering at par a block of gold equipment 48 of $l,000 each,
"if and when iasuea," being part of a proposed issue of $1,575,000, dated Dae, 1904, and due in semi-annual instalments
beginning June, 1905. loterest payable in Jane and December in New York. Bankers' Tru-st Co., New York, trustee.
Authorized issue $1,575,000. Secured on 2,000 steel oars (built bv
the Standard Steel Oar Co.), 1,000 drop-bottom steel oars and 1000
straight bottom steel cars, having a capacity of
100,000
'and
Ibe.,
costing approximately $1,750,000, thus showiag an eqaity of 10 p.
between the cost of the equipment and bonds outstanding.
No Option Fe?.— Sse
above.— V,
Cincinnati Himilton
&
c.
Dayton Rv.
'
79, p. 2205, 1704,
Port Worth & Rio (i^rande Rj,— Reduction of Capitalization.— This company, which was charged with having issued
In 1893 stock for $333,000, and in 1903 bonds $994,000 and
stock $994,000, in violation of the laws of Texas, announced
on Nov. 22 the cancellation of the aforesaid stock and bonds,
and obtained permission to issue bonds to the amount of
$994,000 and $64,000 in stock. The company is to be merged
in the Texas subsidiary of the St. Louis
San Francisco Ry.
Co. as soon as details can be arranged.— V. 76, p. 212.
&
Grand Trunk Bailway of C&n&ia.— Acquisitions— Guaranty. Etc —Notice is given that the company will apply to
the Parliament of Canada at its next session for the passage
of an Act authorizing the directors "to acquire and hold,
either in the name of the company or of trustees, and pledge
and dispose of (l) shares of the capital stock of the Canada
Atlantic Transit Co., incorporated by Chapter 95 of the Statutes of Canada, 1898, and of the Canada Atlantic Transit
Co., incorporated within the United States of America, and
(2) shares of the capital stock of the Vermont
Province
Line Ry., and also (3) to acquire and hold, in the name of
the company or of trustees, and guarantee, pledge and dispose of shares of the capital stock, both common and preferred, and bonds, debentures or other securicles of the Canada Atlantic Ry. Co," See that company above and V, 79
&
p, 967, 786.
Great Northern Ry. of Cana.d&.—Reorganization—New
Bond Is8ue.—The shareholders will vote Dec. 20 on the following measures necessary to the carrying out of the proposed reorganization plan (compare V. 79, p. 2085), viz
(1) To authorlzs the directors to ii>8ue the consolidated debenture
bonds of the ojmpany, under the statutes relating thereto, to an
amount not exceeding $4,962,000, plus the enm represented by
$^0,000 per mile of certain of the company's lines of railway and
branches hereafter constructed, such bonds, to the extent of the bonds
outstanding of any of the bond issues previously created, to be a oonBoUdation of such previous bonds and to be exohang-id therefor; (2)
:
also to authorize the directors to secure such consolidated debenture
bonds by a mortgage npon the existing railways and bridges, terminals and properties, and the railways, bridges, terminals and properties
her* after ounstructed or Hcqulred, or so much of the same as the directors may think expedient; (i) also to approve the terms of an agreement with the Canadian Norihern Ry. Co. for the guaranty by that
company of the payment of the principal and Interest of said bonds
or some of them.— V. 79, p. 2085, 902.
Illinois Central RR.— Lasted.— The New York Stock Exchange has listed $3,148,000 Litchfield Division first mortgage 8 p. c. bonds of 1951.
These bonds are a first and only lien on the r >ad of the former St.
& Northern Ry. Co, extending from Eist 86. Louis to
111., 98 miles
The remainder of the authorized issue of
$1 000.000 is reserved for Improvements, extensions and additional
Louis Peoria
Hprlngtteld,
.rqalpment.— V. 79, p. 1704, 1641.
Illinois Tanuel VjO.— Change in Control,— See
Subway Co. above.— V. 79, p. 627, 501.
Chicago
Indiana Union Traction Co.— Modified Lease of Union
Traction Co, of Indiana
The following rental is payable in
gold coin to the Union Traction Co. of Indiana under the
lease as modified on July 12, 19n4:
On July 1, 1904. $76,000; on July 10,1905, if the gross receipts
from the leased properties and all other properties operated by the
—
except properties hereafter leasod. for ihrt period of 12 m )nth»
Immediately preceding July 1, 1905, amount to $l,8.i0.000, the sum
*"5,000, and In addition thereto a sum equal to iO p. c. of the gross
receipts, If any. of the le^^see for 8.*id pt^rlod from said properties in
excess of $1,960,000, and a Inrtht^r snm tqual to ."iO p c. of that part
of 3.^ p. o of the gross receipts of the leMceo for said period from properties hereafter least^d which shall remain alter deducting from such
35 p c. the amount of rentuls, taxen, Interest on b >nd8 and other
fixed ohargCM upon, said hereafter le.^sed properties tor said period.
On Jan. 10 Hnd July 10, 19U6, and on Jan. 10 and July 10 lo each
vear thereafter, during the term of this lease, If the gross receipts from
the leased ptopertlvH aud all other properties operated by the lessee
except prop>-rtle8 hereafter ieased, f 'T the period of 12 months ending
on I)ec. 31 and Jnne 30, lant pro^edlng, amoaut to $1,^.-^0,001), the
lecsee,
iif
Detroit Monroe & Toledo Short Line (Electric) Ry.—
Entire Line in Operatic *. This company, which for some
time past has btrtn traneferring its paaeeDgera at Sibity
to the cars of the Detroit United Ry., put; in operation O'
Nov. 12 its own line to Ddt,roit, mahing the road 58 miles
in length,
is made at
$25,000,000),
$6,585,000 Detroit Citizens'
Street Ry, first consol. 5 p. c. bonds failing due July 1, 19J5,
and to liquidate the fl sating debt. The syndicate includes:
Speyer
Co., Kuhn, Loeb
Cj,, Central Trust Co., First
National Bank, Quiranty Trust Co., and ssveral banking
houses In Great Britain and on the Continent; also fiaancial
Institutions of the West and Canada
V. 78, p, 2011,
snm
of $a7,.')00, and. In addition thereto, 15 p. c. of th« gross recrtlpts.
any, ot the lessee for said 12month perl <d from said properties In
excess of $1,850,000, and a further snm equal to 25 p c. of that part
of 35 p. o. of the gross receipts of the lessee during saoh period ot 12
If
—
THE CHRONICLE.
t»4.j(i
months from properties hereafter leased whloh shall remain after deduotlDK from auoh ^f> p. o. the amoant of rentals for, taxex, interest on
bondH and other tlx^d charges upon, saoh hereafter leased properties
for ftHid 12-aioDth iieriod.
No Bf mi-annDal pavment of rental, as hereinbefore provided, shall exceed |225,fl00. No receipts derived from
properties operated by the Indiana Union Traction Co. shall
be distributed by it to its stockholders in any year for whicb
payment of rental to the Union Traction Co. of Indiana, as
set forth above, shall not be made.— V. 79, p. 269, 1266.
Indianapolis & Cincinnati Traction Co.— Earnings of
Subsidiary - The earnings of the company's controlled road,
the Indianapolis Shelbyville& Sontheastern Traction Co.,
for the year ending Sept. 30, 1904, were |92,412; net earninga. $32,885; interest on bonds, $23,000; b^ilance, snrplas,
$7,885.
—
Progress of New Line. At the annual meeting on Ojt. 28
President Charles L. Henry announced that the line from
Rnsbville to Indianapolis, a distance of about 40 miles, is expected to be completed and ready for operation by Dec. 15.
Next year the line is to be extended to Hamilton, O., and
The
later, under probably another name, to Cincinnati, O,
construction is described as unusually substantial, permitting high rate of speed.—V. 77, p. 1874.
Interborongh Rapid Transit Co.— Opening of the EastSide Division.— The East-Side division of the Sabway as far
as 145th 8t, was opened for business oa Wednesday. At the
same time a new schedule was put into effect which practically doubles the number of express trains, these running
during the rush hours at intervals of 23^ minutes. The
running time betwe«n 145th St. and Brook yn Bridge is now
28 minutes tor the East-Side division and 28 minutes for the
West- Side. Pending the completion of the East-Side Subway under the Harlem River to the viadust at 149th Street,
said viaduct, which exrends along the Southern Boulevard
to Bronx Park (177th Street) will be used by trains of the
2d and 8d Avenue lines of the Manhattan (Elevated) By.
See that com pan v bslow.
Elevatei Traffic— See Manhattan Ry. below.— V. 79, p.
1955, 1462.
Interarban Baliway & Terminal Co., Cincinnati, 0.—
President — Chas. H. D ivis has been elected President
to succeed Q. R Scrag bam, who has sold the greater part
of his stock to the Harrison estate, which is represented in
the new board by C. L. Harrison. Gay W. Mallon and E.
Q-. Kinkead alec retired, reduoing the board to tbe following:
New
M
Kennedy,
O. H. Davis. President; L. H. Brooks, Vlo«- President; J.
Treasurer; W. E. Hatton. Secretary; O. L. Harrison. George H. Worthington and J. M. Kennedy, Jr.—V. 76, p. 480.
JacksonvillH & St. Loais Rj.— Purchase —Sde Chicago
Burlington & Qaincy RR. above.— V. 74, p. 1808.
Eaneas City Mexico & Orient Ry.— See International
Construction Co. under "lodustrials" below.— V. 79, p. 151.
Kansas City Soathern Rj.—Purchaie. The annual report,
which was puDlished in the Chhonicle last week (p. 2212),
states that the company has purchased an interest in tbe
stock and bonds of the Arkansas Western Railway Co., viz.,
—
—
:
[Vol. Lxxix.
TVa^c— The subway was first opened to the public on
Oct. 27. The following compilation, given out on Nov. 20,
to show the increased oar service on the elevated also proves
that the facilities afforded by the sabway have drawn much
less heavily than was expected from the traflB 3 ot the Manhattan
lines.
IflOl.
MANIIATTAH BAILWAY FIKBT 12 DATS OF KOVEHDEB.
Passengers carried
19.201.245
Oar miles,
2,119.161^
do
do
10,332,793
do do
2,093.79J
1903,
Decrease,
131,^48
Increase,
26,372
-V.79,p. 2206,731.
Massachagetts Electric Companies.— Out/ooA;.— Tbe "BosNews Barean" of Nov. 19 contained the following statement regarding this company's prospects, which is, we unton
derstand, correct:
Therecent advance In the securities on small transactions
Is
due to
the fact that the parsing of the December preferred dividend of $2 per
share has been fully discounted. There is no question about tbe passing of the Dec4-mber semi-annual dividend.
Th^ companies only
earned about 2»« p. c. for the year, and 2 p. c. has already been paid.
It is anticipated that tbe saving in winter operating costs this year
will make good this cumulative dividend. Extraordinary costs last
year amounted to $400,000. which is equal to 2 p o upon the $20,uOO.OOO preferred stock. Earnings in 1903 at this time were abnormally large, and they are no w holding up to last year's good record.
V. 79,p. 146^ 081.
Metropolitan Street Railway, New York.— Decision Sustaining Lease Afflrined.-The Appellate Division of the Supreme Court on Nov. 18, Justice Patterson writing the
opinion, unanimously affirmed the decision of Justice Scott
in June, 1903, dismissing the suit of laidor Wormaer Jr. to
set aside the lease to the Interurban St. Rv. Co. (now the N. Y.
City Ry. Co.), See V. 76, p. 1355, 1407. The Court holds the
case might have been dismissed upon the ground alone that
the plaintiff, by dieposlng of a part of his stock holdings
"had put himself in such relation to the subj->ct matter of
the transactions that it would be grossly ineqiitab't to allow
him, in his own interest only, to maintain a suit to undo
that out of which he had manifestly made a large profit."
In disjussing the propriety of making the lease and the
allegations of improper motives, the Court says:
We do not find that any person connected with the management of
the Metropolitan Street Railway Co., either as oflBoHr or director, or as
an Influential stockholder, secured to himself out uf tb'i new corporate
relations, when thsy were establlsbed, any personal advantage which
was not open to every other stockholder ot that company. We have
sought in vain through the record to find anything to impeach the
honesty and good faith of any person connected with the Initiation or
consummation of the transactions by which th^ Interurban Street
Railway «Jo. became lessee. We are not now considering the wisdom
of the scheme adopted. It may have been Jadlolouo or it may not have
been. * * * From the testimony of Mr. Whitney and that of other
wltnessei, It Isbeyond doubt that the afialrs of tbe Metropolitan 8 reet
Railway Go. were In such a oondttton that soma new arrangements
had to be made In the Interests of its stockholders.—V. 79, p. 2147,
1266.
Mexican Central Ry. To Withdraw from Pooling Agreement.— This company has given formal notice that it will at
the end of the month withdraw from the pooling agreement
with the other Mexican roads.- V. 79, p, 988, 986,
Middleboro Wareham & Bnzzard's Bay Street By.—iZe*
mortgage 80-year 5 ceivers' Sale Dec. 7.— This company's property is advertised
sale at Middleboro, Mass,, on D^c. 7,
Tbe road extends from Waldron, Ark,, to to be sold at receivers' morfgage
p. c. gold bonds.
of 1901, under which fl50,subject to the $500,000
Heavener, Ind. Territory, 33 miles. Its total authorized capi000 Dondd are outstanding; also subject to all other liens on
tal stock is $8,0^10,000. outstanding $650 000; bonds, dated
plan V. 79, p. 5J1.
June 1, 1904, $3,000,003 authorized, $650,000 outstanding; the property. Upset price $35,000. See
Equitable Trust Co., trustee.—V. 79, p. 2211, 3205, 2301.
Missoari Kansas & Texas Ry.—Listei.—The New York
Stock Exchange has listed the following bonds, which have
LitchBeld & Madison Rj.—New Bonds,—The stockholders
been assumed by the M. K & T. ( V. 79, p. 1280)
have ratified the proposed issue of $l,0i.0,000 first mortgage
Mlssonri Kansas & Oklahoma RR. Oo. first mortgage 6 p. c.
5 p, c. bonds. Tbe immediate issue will be $800,000, to take
40 year gold bonds of i»42
$5,468,000
uu, dollar for dollar, the outstanding L. & M. first mortgage Texas & Oslahoma RR. first mortgage 5 p. 0. 40-year gold
bonds of 1943 (V 7^, p. 968)
2.347,000
bonds of 1908, and the balance will be reserved for f ature
requirements.
The old mortgage will be canceled. The -V. 79, p. 2205, 2035, 1462.
NeTada-Califoruia-Oregon By.-i2«port.— The results for
Dew bonds are dated Nov. 1, 1904, and mature Nov. 1, 1934
They are guaranteed, principal and interest, by the Chicago the year ending June 30 were:
1649,100 capital stock
and $650,000
first
Feoria & St. Lonis Ry., Equitable Trust Co., Chicago, trustte.— V.77, p. 147.
Manhattan (Elflvated) Ry. New York.- Dividends of 7
p c. Ytarly Assured. Tram Service to Wtst Farms, The
luterborough Rapid Transit Co. " has agreed to pay on Jan,
1, 1905, to the stockholders of the Manhattan Riilway Co. a
of 1 p. c, representing the proportion of the
dlvidendo f
earned additional 1 p. c. for the preceding three quarters of
tbe fiscal year, in addition to the regular dividend then payable of 114 P c., and to pay 1^ p. c. to these stockholders
encb quarter day thereafter."
Ofiiclal statements made on Wednesday afford the follow-
—
—
%
ing
:
Atonemlnnte past midnight on November
the viaduct eeotion
of tbe Eist Division of the luterborouKh Rapid Transit line, from
149th at., northeastward will be opuned fjr buainesa.
A twoblock ooDneotlon wltn the Manhattan Elevated at I49tb St. ha'j buen
made, and express trains wlil be ran f rotu the termtnap of the line, at
177ih St. and Woet Farms Road [lear Bronx Petrk Z )Oioglcal Oardens]
to the Battery, ovt^T the East-jlde Hues, makinA; the time In 52
niinutes. rnnnlnK on a four minate hettdway.
This will give the
people of the West Farms region throngh express service to the
Battery for 11 i-e cents. -where heretofore they have been compelled to
pay eight cents and change from a sarfaoe trolley to the elevated.
To avoid the adoption of an expensive syiitem of ooantiug the passengers and the bool<ket<ping that a division of fares una mileage
basis would require, the boards of directors of the Interboroagh and
M<iuhattan coiupanluB have concluded to anticipate by a year the
date when the absolute guaranty of 7 p. o , Irrespective of earnings
upon tbe stock of the Manhattan, becomes eff active.
The laterborougb Ripid Transit
to pay dividends as notel above.
1
Co., has therefore agreed
Tear.
1903-04
Gross.
$191,835
Net
$31,735
Interest.
$26,06
^
Taxes.
$6,0>f4
Sink fd. Bal..$ur.
$6,290 $43,3 4
190203
196,297
91.248
27,650
6,335
4,870
53,393
—V. 77, p. 2167.
New Orleans Bail ways Co.— Reduction of Capifalisation.
— Sjveral months ago the Attorney -Qioeral of Louisiana
brought suit against the company on tha ground thio it had
disregarded the laws of the S:ate respectiag cipltaliz»'ion.
On Nov. 19 it was announced that an amicable adjustment
of the matter had been agreed upon and that the New
Orleans Railways Co. woald reduce its capital stock or stock
and bonds. The authorized stock is $40 0« 0,000 bond issue,
$40,00 1,000. There are outstanding $37,688,900 of the $80,;
000,0.0 common stock and $9 792 4J0 of the $10,030,000 preferred stock; also $17,809,000 4J^ p. o. bonds of 1952, an ad.
ditiontil $12,846,000 being reserved to retire outstanding
issues of consiltnent companies. —V. 79, p. 1023.
—
New York New Haren & Hartford RR.— I mprovemsnta.
The extensive improvements in progress or in oontr mplation
on the New York division are summarized as follows:
(1) Heavier bridges to permit the nse of more powerfal locomotives,
inolnilng three Soberzer roller-lift four-truck structures under oonstiuctlon, one at Cos Cob and one at Westport, to be completed early
in i905. and tbn tbinl across the Housatonlc, just begun; (2) new stations at Bridgeport and New Roohelle. both In progress; (3) f>lx-traokIng and eiectri<<al equipment of the Harlem River branch from 129th
Street to New Roohelie, which are to begin as soon as the Board of
Estimate of New York City approves the plans (V. 79, p. 903, 1268);
twenty balanced compouud-oyllnder. new type locomotives ordered,
of which two only delivered, one of tbe«e having proved Us ability to
shorten materially the time for express trains between New York and
Boston.
:
Nov.
THE CHRONICLE.
26, 1904.J
2457
The increase in traffic during the pastsix weeks, it is stated, cinnati via Detroit to Buffalo; and thence by any one of a
number of connecting railroads to New York and the Atlantic
thft management to hasten the Improvements.— V. 79,
seaboard. The authorized issue will be applicable only as
p. 2086, 1705.
New York PeonsylTdola & Soathwestera UR.— Mortgage. follows
to retire prior liens at maturity (no farther
—This company, incorporated in Pennsylvania early in 1903 Reserved
bonds to be issued under the prior mortgages and none
as the BiDghamton & Southern RR., its n'tme having re
of the nrlor lien bonds to be extended at maturity)
^Ae.SO.S.OOO
cently been chacged. has made a mortgage to the Knicker- Now sold
6,000,000
has led
:
bocker Trust Co. of New York, as trustee, to secnro an authorized iesue of $4,500,000 of $1,000 fifty-year 5 p. c. gold
bonds, dated Oct. 15, 19ii4, to provide for the construction of
its proposed road from Binghamton, N. Y.. to Williamaport,
Pa., for which contracts havf* been let. I aterest is payable
Stock an
Oct. 15 and April 15 at the office of the trns^ee
thorlzed, $4,600,000, all of one class; par of shares, $100 each.
President, J. Wesley Allison; Secretary,©. H. Meldrum;
Treasurer, T. M. Johnson. Office, 74 Broadway, New York..
Remainder
to be issued for certain terminals, extensions,
docks, equipment, etc., specified la the mortgaee. but
for other improvements only at a rate not exceeding
annum
$500,000 per
7,495,000
thought ttat the bankers will offer their bonds at
about 93 and interest.— V. 79, p. 2148, 2088.
Philadelphia Rapid Transit.— Sends —The company has
arranged with Drexel & Co. to purchase the $250,000 first
mortgage 7 p. c. bonds of the People's PHSsenger Ry. maturing Jan. 15, 1915, on or after Nov. 15, 1904, at 108^. with
New York Westchester & fioston Ry. Co.— Mortgage
coupon due January next attached.— V. 79, p. 2206, 2148,
This company h^s filed a mortgage to the Knickerbocker
Pittsburgh Fort Wayne & Chicago Rj.— Additional Stock
Trust Co., as trustee, to secure $20,000,000 of 50-year 5 p. c.
bonds to be issued on account of the high speed electric road Pledged by Pennsylvania Company.— Qee Pennsylvania RR.
projected to run from the Harlem River to Portchester, above.—V. 78, p. 3400.
Corporation of New Jersey.— /ttrFablic Service
with branches to White Plains, Clason's Point and Throgg's
ther Particulars Regarding Collateral Notes.— The $7,Neck. Compare V. 79, p. 501.
250,000 5 year 5, p. c. collateral gold notes Recently offered
Dick & Robirjson issued a statement, saying in part
The company also paid lt§ St*te tax of one twentieth of I per oen»;, at 98 and interest (compare V. 79, p. 1S58) are secured by
amouLtlDK to $9,500, on the $19,000,000 additional capital stock. deposit with the Fidelity Trust Co. of Newark, as trustee,
The company has been financed from the beKlnning, and none of Its of $11,508,000 mortgage bonds of various street railways and
seonritleB will be placed on the market until the road has been comlighting companies in New Jersey leased to or controlled
pleted.
The contract tor the building of the road has now been let. The pur- by the Public Service Corporation. The interest on the
chase of the right of way of the line will be undertaken Immediately, bonds pledged amounts annually to $478,363, against an
and it is th(^ intention to begin actual conatrnctioa In the spring. interest charge of $362,500 on the entire issue of notes.
The
Aside froiu the mention ot the bankers and William L. Ball, the Presl
dent. It has not been hitherto deemed advisable to make puMlo the interest on the notes Is payable semi-aanually at the office of
financial interests which will build the road. The board of directors
Robert Winthrop & Co., this city. President Thomas N.
will be completed within the next month, and the publication of their
McCarter says
supporting
this
enterprise.
names will reveal all the Interests actively
By means of leases and the ownership of shares, the company owns
—V. 79. p. 2206. 628.
and operates 640-63 miles of electric railway and furnishes electric
Oregon & California RR.—CaVed Bonds.— First mortgage light and gas In the cities of Jersey City, Hoboken, Paterson. Newark,
bonds to a total of $200,000 have been drawn for cancellation Trenton. Oamden. and substantially all The thickly populated portions
with proceeds of land sales, and will be paid at par and in of New Jersey. The authorlzfjd capital stock la $25,000,000, or whiob
$10,000,000 has been Issued, that amount of cash having been pa<d
terest on Jan. 1, 1905, at the Union Trust C). See alver
into the treasury.
Chboniclb.—
2098.
V. 77, p.
tisement in today's
The speolflo security of the 5 p. o. collateral gold notes consists of
following gold bonds, total par value $ 11,508,000, deposited with
Truat the Trustee,
Fenngylvania Companj.— Sale of Guaranteed
the market value of which at current qaocatlons is about
the
RR.
below.—
2148.
Pennsylvania
V.
See
p.
Certificates.—
79,
89,50!),000:
FenosylTania RR.— Sale of Bonds.— The company has sold Norih Jersey Street Ry. Co., 4 p. c. 60-year bonds
$7,230,000
& Pat. St. Ry. Co., 4 p. o. 50 yr. 1st mtg bonds.. 1,284,000
to Kuhn, Loeb & Co, $15,000,000 Pennsylvania Company J O. Hob.
United Elec Co. of N. J., 4. p. c. 60 yr. 1st mtg. bonds
683,000
40-year d}4 P. c. trust C6rtificat,e8, secured by deposit of an Bomers't U & Middles'x Light. Co. 4 p. o. 40-} r, mtg. bonds.
507,000
equal amount of guaranteed special stock of the Pittsburgh Eliz Plain. *iCent. Jers. Ry.Oo., 6 p. o. 50-yr. mtg. bonds..
154, ooo
Passaic
Val.
Co.,
Orange
Ry.
5
40-yr.
bonds
c.
p.
Si.OOO
Fort Wayne & Chicago Rill way Co. and guaranteed as to
Central Electric Co.. 5 p. o. 40 yr. cons. mtg. bonds.20,000
both principal and interest by the Pennsylvania RR. Co. Of Somerset Lighting Co., 5 p.
Ist mtg. bonds
2i,000
It is
—
:
,
<fc
these trnst certificates $5,000,000 are the series C, created in So. Je^^'ey Ga» El & Tr. Co., 5 p. o. 50-yr. 1st m'g. bonds.. 1,507,00 J
December, 1902, and heretofore held by the Pennsylvdnla Ellz. & Rar. Rlv. 8t Ry. Co., 5 p. c. 6o-yr. gen. mtg. bonds.
19,000
The proceeds of these notes will be used for extensions and improveRR. Co. This series, with series A and B, previously sold or
and
meet maturing obligations incurred for the same purin the sinking fund, makes $20,000,000 of trnst certificates ments The to
market value of the stock of Public Service Corporation
pose.
outstanding under the agreement of 1897, being the limit of behind these notes is over $10,000,000, while the equities directly
Junior to the various mortgages securing the collateral depoelted with
said issue.
trustee amounts to over $18.0t0.000 additlooal, represented by
The remaining $10,000,000 trust certificates jast sold are the
the market value of perpetual interest bearing OHrtiflcates,
valupart of a new authorization of $20,000,000 which will be se- able leases at a conservative valuation, and by stock of leasedby
compathat is by nies. From the status of the Company's business at Ihe present time,
cured in the same manner as series A, B and
deposit of an equal amount at par of the 7 p. c. guaranteed I am entirely confident that the profit and loss statement us of Deo.
31, 1904. will show a substantial balance over all fixed charges to the
Chicago Ry. credit
special stock of the Pittsburgh Fc. Wayne
of Public Service Corporation.
Co. The details of the new issue have not been fixed, but
Change in Offlcera.— Anthony R. Kuser and Randall Morthe sinking fund, it is stated, will not begin for five years.
The proceeds will be used in reimbursement for improve- gan, First and Second Vice-Presidents, have resigned, and
three "Vice-Presidents" have ^een elected, viz.: A. B. Carlements, betterments, etc.
Car 7Vm«<.— The company has sold to Lae, Higginson & ton of Elizabeth, who was Third Vice-President; John J.
Burleigh of Camden, who was Fjurth Vice-President, and
Co. of Boston $10,800,000 d% p, c. gold equipment trust cerCharles A. Sterling, who continues to be a director. Randall
tificates, being part of the $16,410,000 created during the year
Morgan is Second Vice-President of the United Gas Improve1908, as shown in the last annual report (V. 78, p. 825), for
ment Co. -V. 79, p. 1956.
the acquisition of 13,417 freight cars, mostly of steel or with
Reading Company.- To he Listed Dec. i.—The New York
These certificates, all dated 1903, are
steel uuder-trames.
Stock Exchange has authorized the listing on Ddc 1 of the
deecribed as follows
Amount.
Principal mitures.
Jnt.
If fie—
$28,000,000 non-cumulative 4 p. c, first preferred stock, $42,Pennsjlvania Steel Rqulp.Tru8t.t4, 600,000 $300,000 y'rly on Mar. 1.'06-'13 Q.-M
F'
000.000 non-cumulative 4 p. c. second preferred stock and
Penn Steel Roiling Stock Trust. ,500,000 600,000 y'rly on May 1,'05-'U O.do
do
1,800,000
200,000 ye=irly Auk., 1906-'i3 Q-V,
do
$70,000,000 common stock.
Property of Coal
Iron Co.— The statement to the New
The Commercial Trust Cj., PhllaJelptiia, is trustee. More
than $8,0UU,000 of the certificates hive been re-sold (includ- York Stock Exchange d^sorioes theproperry of the PhiladelIron Co. as follows:
ing all the Pennsylvania Steel Equipment Trust). Prices as phia & Reading Coal
follows: certificates maturing next year on a 3*75 p. c. basis;
PROPERTY OF PHILADELPHIA & BEADING COAL & IRON OO.
those maturing in 1906 on a 4 p. c. basis, and the remainder a Owns coal lands. 91,640 acres, which, with improvements, equipment, etc., are valued on books at
$72, f 64,062
on a 4*10 p. c. basis. Clark, Doige & Co. are placing the
& Leases coa lands. 7,32 1 Hcres.
bonds in New York.— V. 79, p. 2148, 1332.
c Also owns tln»t)t'r lands. $65 ',96 ^; New York and E 'Stern depots, *7J7,')02; W-Nteru yards and depois, $a79.Pere Marqaette Railroad Co.— New Mortgage.— The
072; c jalon hand and o h'^r corrent assets, */, 389, 919;
shareholders will vote Doc. 19 on authorizing the execution
C—
&
:
&
&
mortgage "securing $90,000,000 4 p. c. 5D-year gold
bonds and the issue of the eaid bonds thereunder, such
mortgage to be in lieu of the refunding mortgage becuring
$65,000,000 similar bonds dated Jaly 1, 1904, which will
ot a
be canceled."
Bonas Guaranteed and SoW.— Redmond
Co., 41
Wall
9,535,959
9. 704, "126
Stocks, bonds and mortgages
989,823
Total assets
The
&
have purchased $6,000,000 refunding 4 p. c. gold bonds,
secured by the new mortgage reterred to above, and guarananteed, principal and interest, by endorsem'^nt by the Cincinnati Hamilton & Dayton Ry. Co. They will be dated Jan. 1,
190 >, and due Jan. 1, 1965; denomination, $1,000; interest
payable Jan. 1 and July 1; Central Trust Co. of New York,
trustee.
Tne proceeds will be U8ed to pay for new equipment, the construction of bridges and other improvements
and for other corporate purtoes. The issue is limited to
$80,000,000, covering some 1,853 mUes of railway owned in
fee and forming, in connection with the C. H & D.,a freight
route with the low maximum grade ot 3^ ot 1 p. c. from CinSt.,
depletion of coal lands fund, 430,000
Stochs and bonds of companies controlled nearly all of
which are collateral for loans created prior to 1896
c
'mpany owes
$93,094,170
for collateral
$1.35 >,ooo. and current
*3 097,494; total
—V. 79, p. 2087, 1642.
sinking fund honds.
llabilitieB
(June 30, 1904,)
$1,447,494
Kichmoad Frederlcbsbnrg & Potomac RR,— New 0(ficer.
J Dake has been appointed Secretary and TrcHsurer,
succeeding James B. Winston, who resigned after 56 years of
— F.
eervice.
Rtport.— For year ending June 80 earnings were:
Fiieal
Tear—
190.^04
Gross
earnings,
$i,62<.3i2
1,838,904
Net
earnings,
$.S00.8Jl
Other
ineome.
Fixed
charges,
Hal. for
com
ttk.elc.
$12,270 $112,573 $400,528
190208
398,383
10,968
B2,532
346,819
From the balance as above were paid 8 p. c. dividende on
common stock and dividend obligations calling for $191,112
n
:
THE CHRONICLE.
2458
yearly and in 190304 $101,928 for new shops, machinery and
cars (against $16 460 in 1902-03) and $10,659 for proportion of
expenses of connecting road in Richmond, leaving balance,
enrplus forthe year of $96.834, -against $109,246 in 1902-08,V. 78, p. 769.
"Bio Grande Sierra Madre & Pacific RR.—S^e Greene Consolidated Copper Cj. under "ladustrials" below.— V. 79, p.
2086, 1462.
Rochester
& Genesee Yalley RR.— Stock
Offered.— RArvey
&
Soi s are offering $li)O,O0O of the 6 p. c. stock, "tax
exempt In New York State," at 150 and interest. Stock outstanding, $555,2 0; road leased to Erie RR. Co. on 6 p. c.
basis till 2051.-V. 78. p. 1449.
Fisk
St. Jti8(ph
Railway, Light, Heat
& Power Co.— Listed.—
The New York Stock Exchange has
listed $263,000 additional
first mortga)?e 5 p. c. gold bonds of 1937, issue'! for permanent improvements, making the total listed $3,763,000.
Earning i. For the ten months ending Ojt. 31, 1904, earn
—
ings were
Groee earDlngs
Operatlog expenses
Net earnings
—V.
$565,076
307.839
257,238
laterestaod taxes
9171,400
Dlv. on prer., 9 mo3..(3%%) 58,500
27,3d6
Balance, aarplas
79, p. 2206.
I
Vol. Lxxix.
The bonds are dated Bept, 1. 1901, with Interest payable on Jan. 1
and Jnty 1 and doe In iDstalmKnts as shown below; bonds Kos. 201 to
IS'SO,
both iDclaslve, are made Hubjeot to the right of the
ompanj to
pay the principal on Jaly 1, 1924, or any Inte't-sl day thereatter at
105 and lnter>48t. Tiie bonds numberH 1 to 14^0, beluK In denominations of $1,000 each, and nnmbHrs 1451 to I5fi0, for $'0J each,
matare In numerical order on Jaly 1 of the sereral years as below.
Nutnbtrs.
Num bert. Yrs. Numbers. »r«. Numberg. Tr:
Trs.
1- 7
19^^ 436- 470 1934
80- 90
1916 '^01-218
1907
8-14
1«26 471- 50i 1935
1917 2I9-V!36
1908
91 102
15-22
237-2HO
1927 506 540 1936
I9U9 103 114
1918
1928 541- 575
1937
23 30
1910 115-127
1919 261-285
31-39
1929 676- 610 1938
1920 286 :nO
1911 128-140
611811-3*0
645
1930
1939
4048
1921
1912 141-164
49-58
1931 646 680
1910
1922 341-370
1913 155-168
1932 eMl- 715 1941
6968
I9za 371-400
1914 169-184
69-79
1933 716 1550 1942
1915 185-200
1924 401-435
-V.79,p. 1643,
United Traction Co., Albany, N. Y.— Refunding of Maturing Bonds.— Ttxe holders of the $29,000 first mortgage 5 p,
0. bonds and the $11,000 fourth mortgage 6 p. c. bonds of the
Albany Railway Co. 'are notified that the same will
be redeemed on and after Jan. 3rd and March Ist, 19D5, respectively, at the National Commercial Bank, Albany, N, Y.
The same institution will purchase any part of sach boads
or exchange for them the new United Traction 43^8.— V.
783.
79, p.
Sonthwestern Ry.— Sae Dallas Terminal RailWinnebago Traction Co., Oshliosli, Wis.- iVew President.
above.—
V. 79, p. 2148, 1457.
way & Union Depot Co.
—
M. R. McAdno of New York has b«en elected President,
Light
Power
Co.—
iVet«
&
Sao Panlo (Brazil) Tramway
succeeding E. E. Downs.— V. 74, p. 885,
Stock —O Nov 8 last the shareholders authoriz ad an issue
Tosemite Valley RR.— So/jis. — This company has authorof $500,000 stock, the proceeds of which to pay off bank
St. L«'ai8
advctnce on like amount of bonds, so that when the proceed
of sale of this stock are realized the loan will be paid off
and the bonds held in the treasury. The bond issue then
will be $5,500,000 issued and outstaadicg.— V. 79, p. 370.
Toledo Bowling Green & Sonthern Traction Co.— Lease.
will vote Dec. 12 on a proposition to
lease the line to the Toledo Urban & I oter urban Rfr. Co.,
which will pay off or assume all liabilities and pay dividends
on the $1,500,000 capital stock as follows:
One bait per cent, for the first year, 1 p. c. for the seoond, 1^ p. c.
—The shareholders
lor the third year, 2 p. o for the foarth, 2H p. c. for the fifth and sixth,
3 p. 0. for the sevt'nth and eighth, 3^ p. o. for the ninth and 4 p. o. for
the tenth and each year thereafter.
The K'-rper-Kilgour interests control both companies.
•Compare V. 79, p. 2148.
Toledo Peoria * Western Rj.—Neiv Oncers.— General
Superintendent Eiward N. Armstrong has been elected
President to succeed E. F, Leonard; E. D. Usner has been
made Treasurer.— V. 79, p. 734.
Toledo Port Clinton & Lakeside Electric Ry.- In Opera
tion.— Through car service over this company's new line from
Toledo to Port Clinton, 37 miles, was established on Oct. 21.
Before the summer of 1905 it is expected the line will be completed and in oi;eration to Lakeside, a distance of 54 miles
from Toledo. From Genoa to Toledo the tracks of the Lake
Shore Electric Ry. are used. A spur of 6 miles to Catawba
Island will bring the total mileage up to sixty. The President
and General Manager is P. McCreary. Office, Toledo, Ohio,
Compare V. 77, p. 2160.
Toledo (Ohio) Railways & Light Co,— Franchise Rejected
and Vetoed.— Pieeiifnt Everett in a communication seat to
the City Council of Toledo on Nov. 14, stated that the company would not accept the ordinance recently passed or any
other ordinance making the rate of fare less than six tickets
for 25 cents. Mayor Fmoh vetoed the franchise ordinance
on account of oojecionable limitations regarding transfers,
betterments, etc. On Nov. 14 a resolution was passed unanimously by the City Council announcing that it would not
consider any ordinance less advantageous to the city than
that just rejected and vetoed as above stated. Compare
President Everett's statement in full in "Toledo Blade" of
Nov. 15. -V. 79, p. 2087.
Union Traction Company of Indiana.— Rental, —See Indiana Union Traction Co. above.— V. 79, p. 735, 682.
ized an issae of $2,000,000 bonds.
Office in
Nevada Block,
San Francisco.
INDUSTRIAL, GAS AND MISCELLANEOUS.
Alaska Packers' Association, San Francisco.- iVetc Stock—
—Bond Issue.— The shareholders will vote on Jan. 17 on the
following general plan, adopted by the directors on Nov. 16,
for the increase of the working oaoital and for the making ot
the capital stock,
now
65 p. o. paid up, full paid
GBNEBA.L PLAN.
Carltal stock to be Incrpaged fr >m $4,800,030 to
$7,500,000
I-sue and sell ot the *2 70 1,000 new etocfc
l,Vi0J,000
Tran»'fbr from reserve fands to make present capital stock
fallypald
1.680,000
Isene bonds
2,000,000
:
The capitalization will then stand
Outetandlorf ally-paid stock
6,000,000
In reserve, 15,000 shares
1,500,009
Fifteen year 6 p. c, gold bonds, secured by trust deed, to be
retired fr< m sinking fund by annual payments, beglnnlnif
with the thlid year, viz
In 1907 and 190H, each $100,000; from 1909 to 1911, Inclaslve, $125,000 annually;
1912-1913, $150,000 yearly; 1914-1916, $l75,00a, and
1917 to 1919, $200,000 yearly; total $2,000,000
2,000,000
:
:
The issue of $2,000,000 bonds has all been subscribed and
$1,000,000 of the $1,200,000 of stock was immediately underwritten at par. The syndicate subscribing for the bonds includes the Bank of California, Wells-Fargo
Co., Crocker-
&
Woolworth Bank and the San Francisco Savings Union.
A regular monthly dividend of 75 cents per share (par
$100, paid in $65.)
Inst.
V.
has baen declared, payable on the 28ch
Charles Hirsch has resigned as director. Compare
78, p. 1274.
American Brake Shoe & Foundry Co,— Dividend on Comwon,- At a meeting of the board of directors last week, a
dividend of 1 p. c. was declared on the common stock, in
addition to the regular dividend of 1^^ p. c. on the preferred.
["Wall Street Summary] " The last dividend on common
stock of which we have record was 1 p. c. pAid in January,
19J3,— V.
79, p. 2087.
—
American Fisheries Co,— Voting Irust Illegal. Justice
Dixon in the Court of Errors and Appeals at Trenton, N, J.,
on Nov, 22, in the case of Lyman E, Warren and others
against the votin^: trustees [J. Harold Plm, Lingley A. West
and R. M. Home -Payne] declared the voting trust illegal,
and ordered that the deposited stock be return-'d to its owners.
United Railways of St. Loais.— Exchange of Securities.— The voting trust proposed early in 1903 to vote 5,344 shares
The certificates of deposit for St. Louis Transit Co. stock are of stock to displace Mr. Warren, Thomas F. Price and Nanow being exchanged for voting trust certificates of United thaniel B. Church as directors. Warren, representing one fifth
Railways Co, of St. Louis common stock at the Natiotial nf the capital stock of the company as reorganized (as the
Bank of Commerce, St. Louis, per plan In V. 79, p. 1333, The United States Menhaden Oil & Quano Co.; V. 70, p. 1050),
capital stock and other Mssets of the St. Louis Transit Co. filed on Jan. 10, 1903, an application for
a restraining order
were transferred to the United Railways Co. on Nov. 1,
claiming that he never authorized bis stock, a foreign iaOld Deed of Trust Canceled — In accordance also with the vestment, to be used by the trust. —V.
050.
70, p
readjustment plan, the Mercintile Trust Co, of St, Louis has
American Sngar ReQning Co.— See Sugar Factors Co. bedischarged of record the $20,000,00!) refunding anl improve
ment mortgage made in 1903 by the St. Louis Transit Co.— low. -V. 79, p. 214,
Amerieaii Waltbam Watcli Co.— Extra Dividend,—The
V. 79, p. 208, 1705
company has declared a semi-annual dividend of 4 p. c. and
United Gas & Electric Co., New Albany, luA.— Mortgage. an extra dividend of 2
p, c, pavable Dec. 1 to stockholders of
—The mortgage authorized on Sept.
is made to
the record Nov. 22,- V,
78, p. 2440*
American T/ust & Savings Bank and Frank H. Jones,
Associated Merchants' Co.— Extra Dividend,— The regular
both of Cbioago, as trustees, and secures $1,603 000 of
consolidated mortgage 6 per cent gold bonds. Of quarterly dividend at the rate of 7 p. c, per annum and an
first
these bonds $750,000 is held by the trustee to redeem a additional quarterly dividend at the rate of one per cent per
like amount of first mortgage 53, dated May 16, 1902, and the annum will be paid to the holders of the common stock of
remainder may be issued from time to time to acquire, con- record on Dec. 1, 1904.— V. 79, p. 1706, 785.
struct, enlarge, i prove and equip light, heat and power
Antoiuobile Co. of America.— Ftnai Distribution.— The
plants in and near tbe cities of New Albany and Jefferson- receiver has been authoriz-d to make a final distribution of
vllle, lad., and elsewhere, batinnooase in excess of 99 p. c. of
2 p. c. to creditors, increasing the total snm distributed to
]
the actual o ist of such acqu'sitlons, additions, etc., as shown
by the certificate of the President, or Vioe-President, and
-Secretary of the company.
17 p.
c.
of the liabilities.- V. 76, p. 214.
Beaver
& Wail
gage.—A new
Street Corporation,
$700,000 4>i p.
o. first
New York.— aforf-
mortgage, due Oct.
1,
A
;
:
Nov.
THE CHRONICLE.
26, 1904.]
2459
Consolidated [Seeded] Kaisin Co., San Francisco.— Thi&
1907, was recently made to the Mutual Life Insurance Co.
This'mortgage takes the place of the old $850,000 mortgage, company was recently incorporated at San Francisco with
provision having been made tor it In the $410,000 trust mort- $1,000,000 of authorized capital stock, in shares of $50 each
gage of May, 1904, which remains a second mortgage. Com- to act as selling agents for the leading California producers
of seeded raisins and thus stop the practice of giving away
pare V. 78, p. 1189.
Belton (S. C) Power Co.— Mortgage.— This company in- commissions, Among the concerns interested are
Orlffln A Skelly Co., J. K. Armsby Co Phoenix Raisin Shipping &
corporated in South Carolina in July last, with $100,000 capiPacking Co., Guggenheim & Co. and Roeenbeig Bros. & Co.
tal stock, has made a first mortgage to the Industrial Trust
The directors of the new company are
Co. of Providence, R, I., as trustee, to secure an issue of
A. Gartenlaub, William Oriffin, Warren Gregory, Abe Rosenberg
1800,000 6 p. c. gold bonds of $1,000 each.
and D. J. Quggenh-im.
These bonds are dated Rept. 1. 1901, and are due Sept. 1, 1924. but
DtiDTcr Gas & Electric Co.— Alliance —Friends of this comInterest
payable
l.
1911
March
March
at
105;
call
after
are subject to
1 and Sept. 1 at otfice of trustee annual sinking fund beeinnlng March pany have purchased a majority of tbe $220,000 capital stock,
1, 1907, $10,000. The company proposes to establish an electric
of the Denver Highland Electric Cx (V. 77, p. 2100). This
power plant on the Saluda River, near Belton, 8. O., for the develop- opens the Highlands to the Denver Gas & Electric Co.— V.
ment of 5.000 horse power and to transmit eleotrloty to neighboring
cotton factories and to the town of Belton. President and Treasurer 79, p. 989.
John B. Adger. Charleston, 8. O. vice President, B. A. Lewis. The
Denver Higblandg Electric Co.-Change in Control. See
plant win require the construction of a 600-foot dam.
Denver Gas «fc Electric Co. above.— V. 77, p. 2100.
Berlin Water Co., Somerset Co., Va.— Listed in PittsDetroit City Gas Co.— Called.— The certificates of indebtedburgh. The Pittsburgh Stock Exebange has listed this com- ness ($241,275) issued as a 6 p, c. dividend in 1903 have been
panv's $100,000 capital stock (par of shares $100) and also its called and will be paid on Dec. 15 at the oflace of the com§50,000 5 p. c first mortgage bonds, due in 1933, but pany in Detroit or by Emerson, McMilHn «& Co. in New York,
subject to call at 1C5 after July 1, 1908. Population served The money for this payment has been obtained from ihe sale
2,000 revenue exceeds $3,000 a year. President O. P. Sharp. of $300,000 general mortgage bonds, making $500,000 of that
Calnmet & Hecla (Copper) Mining Co.— i^mcfend.—The issue outstanding.
Sale.— The company some weeks ago disposed of its interdividend of $10, or 40 per cent, a share, payable on Dec. 20
makes the total dividerds for the year 180 p. c, contrasting est in the Wyandotte Light & Fuel Co. to persons interested
in the suburbin gas companies, notably it is understood the
with 140 p. c. in 1903. -V. 79, p. 498,
Light & Coke Co. of Delray.— V. 79, p. lOi.
Canada Car Company.— iVleto riant.— Thla company, re- Detroit Gas
Detroit Gas Light & Coke Co., Delray, Mich.- See Detroit
cently organized in Canada with $3,000,000 of capital stock
(par of shares, $100), has begun the construction of an exten- City Gas Co. above.— V. 77, p. 1748.
sive car-man ufactur Id g plant at St. Henri, near Montreal.
Development Company of Caha—Fint Dividend.—TheThis plant will have an ultimate capacity of 25 wooden and company paid on Nov. 15 "the regular dividend of 8 p. c. on
15 steel cars daily and 15 passenger coaches monthly, with its outstanding preferred stock up to the 1st of Oct., 1904,"
The immediate ca- at i' 8 office, 27 William Street. Authorized common stocktheir steel underframes and trucks.
pacity when operations are begun early next summer will $350,000, outstanding $200,000; authorized preferred stock
be 10 passenger cars per month and 20 freight cars per day. $150,000, outstanding $100,000; par of shares $100; no bonds.
The company has been organized in the interest of the August Heckscher is President. See V. 72, p. 841.
Pressed Steel Car Co. of Pittsburgh for the manufacture
Diamond State Steel Co.—Meetirg of Creditors
Compare also "Railroad Gazette" meeting of creditors was held at the office in Wilof equipment in Canada.
of Nov. 4, p. 142. President and General Manager, W. P. mington, on Tuesday, to determine the best course to
Coleman, 529 Board of Trade Building, Montreal. No bonds. pursue. President Wallace believes that the assets are
Cliicago Edison Co.—Optionto Subscribe.— Shareholders of sufficient to pay all liabilities in full, provided the company
record at 1 p m. Jan. 21, 1905, will be permitted to subscribe can be liquidated advantageously. The creditors, agreeably
to the new stock issue until 5 p, m. Feb. 1. Compare V. 79, with the President's recommendation, voted to ask the dismissal of bankruptcy proceedings and the appointment of
p. 2207.
general receivers.- V. 79, p. 736, 682.
Citizens' Gas Co. of Kankakee, 111.— Soncfs.— Devitt,
Distillers' Securities Corporation.— To Purchase Bonds.
Tremble & Co., Chicago, are offering at par and interest the
unsold portion of the outstanding $200,000 first mortgage 5 Sealed proposals for the sale of $500,000, par value, of the 5p.c.
p. c. gold bonds of 1902, maturing Feb. 1, 1932, optional after collateral trust gold bonds of the Distilling C\ of America,
interest payable Feb. 1 and due Jan. 1, 1911, will be received at tbe office of that comFeb. 1, 1912, at 105 and int.
Aug. 1 at the Farmers' Loan & Trust Co., New York, Trus- pany, 27 William St New York, on or before Nov. 29, 1904
bonds offered at the lowest price, not exceeding par and indenominations, $500 and $1,000.
A circular says:
tee
terest, will be accepted and paid for on Jan. 2, 1905.
Capital stock, all issued, $150,000. First mortgage bonds, total auPrices.— The break between this company's subsidary, the
thor) zed Issue, $v 50,000 reserved for future extensions and perm anent
Improvements, $ 0, ceo pref^ent issue, $200,000. For the calendar Standard Distilling & Distributing Co., and the independent
year 1P03
Grops earnings. $40,025; net earnings, $13,263 Interest distillers, which occuredl ate in September, has resulted in a
on average of ail 75,000 bonds outitanalne: during 1903, $8,7&0; sur- fall of the price of domestic spirits from $1 28 a gallon to
plus. $1,518. Reconotrnction of the plant Is now completed In an upThis latter price was announced in Terre Haute on
to-date manner. The company has no floating debt and no additional $1 23.
bonds will be Issued during the year. Company was pnrchaFed In Nov. 5 by the representative of the Distillers' Securities Cor1902 by strong Interests. Buildings, brick ana steel oonstruoilon, en- poration, and on Nov. 14 was confirmed by circular, stating
tirely new. Retort house, capacity 220,000 cubic feet of coal gas per
day; 12ifi miles of mains, 10 Inch to 3 inch in size, comprebensively that it would stand until further notice. According to a
serve the city. Gas Is billed at $i 20 to $145 pt*r thousand feet, ao
leading distiller, spirits were never before so low with corn
cording to amounts consumed. Under he trust deed $82,000 bonds will at its present price. The " Cincinnati Tribune " saj s With
be retired before matorlty by slDkicg fund. The franchises are liberal
and run to 1942. An expert engineer saye: "I believe that tbe gas corn at 58 cents in the local market, $1 28 a gallon is given as
sales will reach 40,000,000 cubic feet within the next three years and a "more reasonable basis, although not a very profitable
that the net earnings can be readily doubled within two years.
one."-V. 79, p. 1639, 1464.
Commercial Cable Co.— Charter Amendment.— The shareFall River (Mass.) Gas Works Co.— New Stoek.-The
holders on Tuetday voted to amend the certificate of incor- phareholders voted on Nov. 22 to increase the capital stock of
poration empowering the company to purchase, hold and $685,000 to $750,000 on account of improvements.—V. 78,
dispose of securities, etc, of any corporation also to lease p. 991.
or sell its properties to any tt legraph or telephone corporaFarmers' Co-operative Harvest ing Machine Co. of
tion or to acquire by purchase or lease the property of any America..- iVei« Plant and Officers.— Thia company, incorsuch corporation. Any sale or purchase must be ratified by porated in Ohio in April last with $5,000,000 of authorized
a three-fifths vote of the directors and stockholders.— V. 79, capital stock in shares of $25 each, expects to begin operatp. 1464.
ing its new plant at Springfield, O., about Jan. 1, 1905. The
CommonTvealth Power Co.— Successor c7o,— This company stock was offered at par, and is reported to have been sold
was incorporated in Maine on Nov. 12 with $4,000,(00 of to the extent of 35,000 shares, or $625,000.
authorized capital stock to take over the propertv of the
Directors: O. E. Bradfute, CedarviUe; John Begg, Columbus Grove,
Kalamazoo Valley Electric Co., fully described in the Louis Laybourn, W. N. Whlteley, R. L. Holman. G. F. Jackson, J. L.
GiUlgan, Benjamin F. Howell and William N. Whlteley Jr., all of
Chronicle, V. 79, p. 106; V. 71, p. 185. Officers
Springtield.
President W. A. Foote, Jackson, Mich,
Treasurer G. W. Ritchie,
The company will manufacture binders, reapers and
Kalamazoo, Mich. Directors: As above named and E. P. Robertson,
Albion, Mich. E. O. Nichols and Q. W. Mechem, Battle Creek, Mich.— mowers, for which, it is said to control numerous patents.
W, N. Whiteley is the leading spirit in the enterprise.
V. 79, p. i06.
Consolidated Hannfuctarin^ Co., Toledo, Ohio.— MortGreeue (consolidated Copper Co.— Dividend CNo. d) Ingage.—Ttie company recently made a mortgage to tbe Otiio creased. The directors on Nov. 23 declared a dividend of 4
Savings Bank & Trust Co., as trustee, to secure $200,000 p. c, payable Dec. 20, to stockholders of record at 12 o'clock
6 p. c. gold bonds of $1,000 each, all outstanding.
noon on Dec. 10. ir'revlous dividends
Theccmpany was Incorporated in Arizona In November, 1903, as a Jlfaj/,01. Sei>t. ,01. Jan.,03. Feb.,03. May,03. J/ai/,04. Auff.,0*. Oct. ,04..
:
,
:
;
—
;
—
;
—
—
;
,
;
;
;
:
;
t
:
;
;
;
—
:
consolidation of the Kirk ManufacturiUK Co., manufacturers of
bicycles and automobiles and the Brell Cycle Fittings Oo„ manufacturers of forgings, bicycle and automobile fittings, and later
acquired the Toledo factory of the Yost Manufacturing Co., the latter
having about 36,000 square feet of floor space which will be ntillz«d
for the production of gusolene touring oars to be placed on the market
next seaf^on. The anthorized capital stock is $600,000, all of one
class, outstai ding $408,000. par of shares, $100; bonds dated Oct. 1,
1904, due Oct. 1, 1924, but enbjeot to call on or before Oct. 1. 1909, In
•mounts nor, less than sfS.OOO, at 102»« and interest; interest payable
April 1 and Oct. 1 at offloe of trustee. The offloers are President, E.
P, Breckenrldge.
:
2
If.
0.
2
2
2
2
a
a
3
Output— Railroad to Supply Lumhir Requirements.
Preslaent Greene's November letter ehows
—
:
Ocr, '04.
Bullion production (pounds)
Copper sold (pounds
Average price
^,'793,789
16,280,000
l3 2t)2o.
Sep(..'0^.
^.^)«8,275
8,421,000
12'778o.
"The production for the month of November will be in
the neighborhood of 6,000,000 pounds, »nd after this month
6,000,000 pounds monthly should be the minimum produo-
—
——
TllK CHRONICLE.
24(i0
—
—
!
Vol. lxxtx.
The management takes the gronnd that as a manafao- under the laws of Michigan in 1899; a consolidation of the
it should not gamble in fotarea either by
Mass, Orgima, Ridge, Merrimac and Hazard comparies.
selling copper ahead of production or by allowing sarpins President, Cha?. A. Lamb; Treasurer, W, A. Bancroft, 6
copper to accumnlate, provided it cfin be sold. The present Beacon St.. Boston.
tioD.
tnriDR corporation
market price of copper
Is
15c. for electrolytic copper,
the visible sapply of copper less than
it
has been for
with
many
years.
"Negctiaf ions are now under way looking to the building
of a railroad into the Immense pine forests of the Sierra
Madra range, and ehouid this be done it will probably enable us to secure the large amounts of timber required for
working the mines at a materially reduced price. As our
present cocsumption of lumber is in the neighborhood of
2,000,000 feet per month, the importance to the company of
fecuricg lumber from this source is manifest." See Rio
Pacific RR., V. 79, p. 2088. Compare
Grande Sierra Madra
annual report in V. 79, p. 2203, a089.
&
Hawaiian Commercial & Sogar
Dividends Resumed.
Co.
directors en Nov. 10. it is stated, ordered the payment
of monthly dividends at 50 cents per share (par value $100,
paid in $28 13), beginning Jan. 5, 1905, until otherwise
—The
ordertd.— V.
76, p. 705).
Ice Co., BaWmore.— Receiver's Sale.— By
virtue ot an order of Circuit Court No. 2, Baltimore, passed
Nov. 7 in the case of Campbell, Carrington and others, the
receivers will sell at auction on Dec. 1 all the property known
as plane No. 1, bounded by York, William and Johnson
The entire twelve lots (snbjec- to annual
streets, Baltimore.
ground rents aggregating $418), plant, etc., are subject to
Banking
the mortgage of Jan. 22, 1902, to the City Trust
Co. of Baltimore, trustee, securing $250,000 of 6 p. c. |1,000
bonds, on which the next interest payment will fall due Jan.
1, 1905, the purchaser acquiring only the equity of redemption in respect to said property. Application was recently
made for the appointment of a new trustee under said mortgage. _V. 79, p. 1706, 905.
flammond
&
Middlesex Bai)king Co., MIddletown, Conn. Prepayment
of Dtberitures,— This company will pay debentures of Series
D
14,
D
28,
D
D
24,
25,
D
26,
D
27
and
D
23,
which mature
Jan. 1, 19i'6, amounting to |40U,000, at once, with interest to
date of payment,
Mllwanhee (Wis.) Coke & Gas Co.— New Stock.— The
capital stock was recently ic creased from $760,000 to
Twenty-four
$1,000,000, par value of shares $100 each.
ovens in the company's new Semet-Solvay plant were placed
in operation last August and the remaining 56 were expected
to be started soon after, making the total product of the
plant between 450 and 500 tons of coke a day. The company
Is now reported as planning to erect at once 40 additional
coke ovens. The plant is at the foot of Greenfield Avenue,
Milwaukee,
The snrplae gas generated by the oven to a total of aboat 3,000,000
oublo feet a day It was proposed to neli. provided the neoeesary
franohlee rights could be obtained. The Milwaukee Oas Light Co.
claims to hold an ezclaslTe aad perpetaal charter which has been
passed upon by the Supreme Ooart of the State (see V. 79, p. 631).
The Milwaukee Coke <b Oaa Co. was organized In January. 1903, the
M. A. HannaCo. of Cleveland. O.; Charles Bay, Ferdinand ScbleslDger
and Henry Schleslnger of Milwaukee, andoibere, being Interested .An
auxiliary corporation was reported to hare purchased S.OOi) aores of
bituminous coal lauds in Went Virginia in order to supply coal for the
ovens. Compare V. 78, p. 1966.
Mobile Company of America.— I.ea8e— Bond 7«8tte,— The
shareholders of this Colorado corporation will meet in Denver on Nov, 28 to approve
leaee dated Jane 1, 1904, of the factory and about 10 aores of
(1)
land of the company, situated In Westchester County, N. T., to the
Maxwell- Briscoe Motor Co.; (2) the sale of the said faotory and 10
acres of land, and also the remaining real estate In Westoheeter
County, N. Y.. and (3) the issuance of bonds heretofore made and the
execmion of the mortgage securing the same —7. 75, p. 1403.
:
Hazard Wharf Co., BaMimore.— Mortgage.— A mortgage
National Car Wheel Co. Redtiction of Authorized Capital
was recently made to the Mercantile Trust & Deposit Co. of Stock,— For record, it should be stated that oa Aug. 31 a
Baltimore, as trustee, to secure $150,000 5 p. c. 20-year gold certificate was filed reducing the total authorized icsne of
bondp, dated Oct. 1, 1904. Denominations, $500 and $1,000.
capital stock from $9,000,000 (of which $3,250,000 was 7 p. c.
International Constrnction Co. of Kansas City— iVew cumulative preferred) to $4,000,COO, of which $1,500,000 18
Stock —This company, which is bnilding a large section of preferred. Of the stock $751,400 preferred and $1,304,8C0
the Kacsas City Mexico & Orient Ry., has filed a certificate common are outstanding. The stock reduction is merely
of increase of capital stock from $7,000,000 to $10,000,000.— in the amount of unissued stock and does not affect
the amount in the hands of the public. The certificate
V. 77, p. 513,
announcing the reduction stated the debts and liabilInternational Harvester Co.— Second Dividend,— This ities of the company as aggregating $808,229. This latter
company, which in November, 1903, paid a first dividend of amount includes the first mortgage gold 68, dated Sep'. 22,
8 p. c, has distributed the present month a second dividend,
1908, and due Sept. 1, 1923, but subject to call at 110; inter4 p. c, en its $120,000,OCO capital stock.
est payable March 1 and Sept. 1 at Bankers' Trust Co.
Independent Ftant.—See Farmers' Co-operative Harvesting
Machine Co. above.— V.
78, p. 1112.
(trustee),
New
York.
$404,CO0.— V. 77,
International Mercantile M.&Tine Co.— Continental Rates.
22 sent out a circular announcing
an advance in its east-bound "Continental" third class passenger rates from $17 to $33 on the steamers Lucania and
The Cucard Line on Nov.
Campania and to $31 on the Umbria and Ecruria, these figures being somewhat less than the rates of the regular Continental companies. The advance das nothing to do with any
other department of the Canard Company's passenger service,
and does not affect its English rates or Italian rates. The
American and White Star lines of the International Mercantile Marine Co. restored their easf-bound Continental steerage
rates on Nov. 18.—V. 79, p. 2207.
Island Realty Co., New York.— Iforfgagre.— This company,
incorporated at Albany in August last with §10,000 of authorized capital stock, recently acquired the new building
at the southwest corner of 4th Ave. and 23d St. from the
United States Realty & Construction Co. and mortgaged it
to the Bowery Savings Bank for $900,000; mortgage due 1909;
interest rate il4 aiid 4 p. c.
Incorporators included Jno. W.
Weston and S. P. Connor.
Kalamazoo Yalley (Mich.) Electric Co.— Successor.— See
Commonwealth Power Co. above.— V. 79, p. 106,
Lake Superior Corporation.— iVcw General Manager.—
Willard N. Sawyer, ac present in charge of the Pittsourgh
cflfice of the Wellman-Seaver- Morgan Co., and formerly with
the Carnegie Company, has been appointed General Manager
of the Lake Superior Corporation, to succeed the late Mr.
Shields.— V. 79, p. 2089.
Lehigh Coal & Navigation Co.— Consolidation of Controlled Roads.— See Lshigh & New England RR. above.— V.
79, p. 2160, 906.
Authorized, $1,750,000; outstanding,
p. 2101, 828.
National Packing Co. New Offleers.-S. A, McLean has
been elected President, succeeding J. P. Lynan, resigned;
and L, B. Patterson, recently Manager of the plant of Swift
6 Co. at South Omaha,'; has been made General Manager.
V. 79, p, 107.
National
The holders
Self-Winding Clock Co.— Re-incorporation.of over three-fourths of
the capital stock of the
old National Self-Winding Clock Co. of New Jersey, consisting of $250,000 common and $150,000 preferred, have exchanged their holdings, dollar for dollar, for stock of the
new corporation, the National Self-Winding Clock Co. of
The total authorized capitalization of the new
Illinois.
company is $1,000,000, of which $200,000 Is 6 p. c. cumulative
preferred. The company recently made a mortgage to the
Trust Co., as trustee, to secure an issue of
Chicago Title
Dr,
$500,000 5 p. c. 3C-year bonds, series A, B, C, D and E.
A, L. Clark, Elgin, III., is President and Treasurer. It has
not been decided where to locate the company's works,
which were previously at Bristol and Forestville, Conn.
&
New Haven Water Co.— Convertible Debentures.-A
circu-
lar gives the following facts regarding the proposed issue of
$500,000 of 6 p. c, coupon debentures:
Pursuant to authority given at the last annual meeting, and for the
purpose of providing for the cost of extensive Improvements and additions made and projected, the directors have voted to issue on July
1, 190,^, coupon debenture bonds to the amount of $500,000, convertible Into stock on July 1, 1915, or at any date subsequent to July 1,
1910, at the option of the directors. Stockholders of record Deo. 1.
1904, are entitled to subscribe to an amount equal to 20 p. c. of the
par value of their respective holdings. The debentures will be Issued
In amounts of $50, $100, $500 and $1,000. wlih coupons, and will
bear interest at 4 p.c. per annum, payable July 1 and January 1. The
right to BUbBorlbe will expire at 3 v. m. on Deo. 15, 1904. Subsorlpp. n. on or before Jan. 5, 1905; 50 p. o. on or betlons are payable
fore July 1. 1005. The tlrst Instalment [but not the second. If anticipated] will bear Interest at 4 p. o. per annum from Jan. 1, 1905, to
July 1, 1905. No debenture bonds will be Issued before July 1, 1905.
-V. 79, p. 2161.
.*>
Lexington (Ky.)Hydranlic& Manufacturing Co.— C/tanc/e
in Control. About five-sixths of the capital stock has been
acquired by Lexington men, chiefly the StoU family. The
—
directors (and officers) now are
O. H. Stol), Preeldent; W. H. Oassell, Vloe-Presldent W. E. Meoan.
Treasurer; John Pew, Secretary; 8, A. Oharlea, W. Stoll, E. B. EIIIb,
all Ltxlngton luen.— V, 78, p. 1966.
:
;
(The) Mass Consolidated (Copper) Mining Co., Michigan. —Assetsment.— An assessment of $a a share has been
called on the capital stock payable half Dec. 1, 1904, and half
June 1, 1905, to provide for development work, The capital
st< ck is |2,50O,CO0 in shares of $26 each, on which $17 a share
had been paid up to date. No dividends as yet. The
company's mine is in Ontonagon County, Mich. About 400
tons a day are now being stamped. Company incorporated
Northern California Power Co.— Description of Plant.—
The "Engineering Record" of Oct. 29 contains an illustrated
article describing the
Plttsbnrgh Stove
company's property,
— V. 78, p.
1449.
& Range Co,— Proposition Approved.—
The shareholders voted Nov.
21 to issue $600, ODO 5 p, c.
$500,000 for the purpose of retiring $1,000,000
bonds, viz
7 p. c, preferred stock on the basis of $500 in bonds for $1,000
in stock and $100,000 for funding fljatiag debt and other
corporate purposes. The new construction preparatory to
the concentration of the plants is now in progress. Compare
:
;
V.
79, p. 1334.
J:
KOV.
.
24G1
THE CHRONICLE.
20, 1904.
ljep0rts ztn&
^ocxxmtnts.
SOUTHERN PACIFIC COMPANY AND
PROPRIETARY COMPANIES.
ITS
TWENTIETH ANNUAL REPORT— FOR THE YEAR ENDED JUNE
1904.
30,
To the Stockholders
^
xu
of the assets
The Board of Directors submit herewith their report of earaings and expenses, together with statements
Jane
ended
which
the
fiscal
year
39, 1904.
for
Companies
Proprietary
and
jmpany
and liabilities, of the Southern Pacific C
,,
*.
PROPERTIES AND MILEAGE.
The transportation
lines constituting the
Southern Paiific System Jane
were as followd
30, 1904,
Divisions.
Main
Second
Track.
Track.
:
River
Ferries
S.dingg
\
and
Ocean
Lines.
bblonoinoto Companies whosb capital stocks wbrefrin
ciPALLTOWNKD BY THE Southern Pacific Co.:
I—Mileage OF LiN«8
(a}— Operated by the Southern Paciflo Co. under leases to
Southern Pacific RR
Southern Paoitlo Coast Ry
Central Pacific Ry
it:
220
90084
101-096
8-517
1,459-9 S2
22-862
*3, 324
671-710
O egon & California RR
(b)— Operated by Companies owning the lines:
^,
,.
Morgan's Louisiana & Texas RR. and Steamship Line
Louisiana Western RR
--•
Texas & New Orleans RR
Galveston Harrisburg & San Antonio Ry
Ry
Galveston Houston & Northern
Houston East ifeWes". Texas Ry
Houston &ShreveportRR -.
New York Texas & Mexican Ry
Houston & Texas Central RR
327-620
19^-630
43<t 820
40-060
3-890
917000
_
53-440
190940
39 050
176-720
690-030
299-620
10-120
•
-
Carson & Colorado Ry. (narrow gauge)
Southern Pacific Co.
II.-MlLKAGB OF LINES B LONGING TO COMPANIES WHOSE CAPITAL STOCKS WERE PRINCIPALLY OWNKD BY THE MORGAN'S LOUISIANA & lEXAS RR. AND STEAMSHIP CO.,
"
984-62
42-82
602-76
lOh-00
300
300
3-69
315
172-50
50-96
133-98
215-56
18-89
37-64
100
805
23-30
184-40
16-17
3,700
-632!
I-
BUT WHICH WERE OPBRATKD BY COMPANIES OWNING THE
Vermilion RR
Iberia
Direct Navigation Co
LINES:
16130
3-34
111-200
i8-33
&
Gulf Western Texas
&
Pacific
Ry
III.— MILEAGE OF LINES BELONGING TO COMPANIES WHOSE CAPITAL STOCKS WERE OWNED
OTHERWISE THAN BY THE SOUTHERN PACIFIC CO.. BUT WHICH WERE OPERATED
BY THE Southern Pacific Co. under leases:
New Mexico & Arizona RR
Ry
"2^624-79!
9,027-298' 166-045
Total mileage of Proprietary Lines.
Sonora
75
Total Mileage June 30, 1904 ...
Total Mileage June 30, 1903...
Increase
9.377-.'195
166045
2,65292
9,175-942
140-713
2,110-04
202-053
25-332
242-88
*Includeslin8ofSouthernPacifioRR. Co. from Mo.jave, CaL.to The Needles. 242-507 miles,
Santa Fe Ry. Co. until September 1, 1979, tor an annual rental of $218,133 00, U. S. gold coin.
10-69
10-69
4,895
4,895
28-131
350-697
Total Mileage of Leased Lines
4,895
8-23
19-90
88-100
262-597
-
10-69
wMoh
is
leased to the Atchison Topeka
&
No. 1
The details of the mileage of the railroads owned or leased, and of the ferries and water lines, are shown in Table
of the Comptroller's report, in pamphlet.
^,
,
^,
e
i„ and
„„-i k,t
lease,
Dy i^oco
Daring the year there were added to the mileage owned or operated, by the construction of new lines
203-259 miles of main track, as follows
j.
.
:
Central Pacific RAILWAY.-The Ogden-Lucin Cut-Oflf, described
Cecil, 102-905 miles in loLgth, was opened for business March 8, 1904.
at length in the last annual report,
from Umbria to
for business
Imperial & Gulf Railway.—An extension from Imperial to Calexico. 12-720 miles in length, was opened
in those of the bouthern
included
are
41-359
length,
miles
in
line,
entire
the
of
expenses
and
earnings
The
1904.
June 29,
Pacific RR. Co., which is operating the property for account of the owners.
opened for
LOUISIANA Western RR. -An extension from Mallard Junction to Hayes, 18-70 miles in length, was
additions
total
making
1903,
December
15-66
on
29,
in
length,
miles
Arthur,
Lake
business August l5, 190H; from Hayes to
daring the year of 34-36 miles.
MoBQANs Louisiana & Texas RR. & Steamship Co.— An
miles in length,
was opened
for business
November
New York Texas & Mexican Ry.— An
for business July
Texas
July
1,
1,
& New
1,
extension from Cypremort to
Weeks
Island,
3-85
1903.
extension from
Markham
to Tres Palacios, 25-52 miles
in length,
was opened
1903,
Orleans RR.—An extension from Nome
to
Sour Lake,
7-18
miles in length, was opened for business
1903.
Southern Pacific RR.- The unfinished extension of the Montalvo Branch, from Simi Tuanel t9 Burbank,
this hne whicu comtance of 21-724 miles, was completed and opened for business March 20, 1901. The construction of
miles, together with
l-(,7i
or
feet
8,827-0
ot
total
538-3
respectively,
a
feet,
920-6
feet, and
prises three tunnels of 7,368-1 leet,
compietea a moie
unnel,
Simi
end
of
1
west
Montalvo
and
the
the 44-417 miles of new road heretofore constructed between
Burbank via Saugus and
favorable route for the operation of Coast Line trains than the old line between Montalvo and
a dis-
of vertical pa^'f ^ine
saved, as against said line. 6-975 miles in distance, 2-276 degrees of curvature, and 510-6 feet
grade from two and two-tentns
It also reduced the maximum curvature from 10 degrees to 6 degrees and the maximum
per cent to one per cent.
,
ia.nnc
^(ib ^i\aa
miles t,^^
net
The total additions to the operated mileage of the Company's lines since its last report, including b
and
24.
track,
88 miles
second
25-322
of
miles
decrease from changes in location of lines, were 202-053 miles of main track,
.
*"
^
.
,
i.
•
1
the operated mileage of the
the Moiave Division, leased to the Atchison Topeka & Santa Fe Ry. Co
"Nou-Propuetary
on June 30, 1904, comprised 8,784-791 miles of -Proprietary" and 350-69, miles of
miles.
9,024-59
year
was
for
the
operated
average number of miles ol road
fiSding
Company's
lines.
The
lines
INCOME FOR THE YEAR.
ConiThe gross receipts and disbursements of the Southern Pacific Co. in respect to its leased lines and of Proprietary
ana ot an rropanies in respect of lines not leased, and the other receipts and disbursements of the Southern Pacifac (.0.
prietary Companies, after excluding all offsetting transactions between them were as follows:
.
1
THE CHRONICLE.
2462
[Vol. Lxxix.
During the Tear Ending
June 30, 190 1.
Tear Ending
Tea- Ending
lunt 30, 1904. /un« 30, 1903.'
!
Decrtaat,
Increate.
Average miles of
RECEII'TS
all rail lines
operated —proprietary and non-proprietary
182-58
8,84201
9,024-59
-
Gross traasportation receipts of rail and water lines
$92, 933,230 73
Rentals tor tra ka)?e, other property and lacllitles.
225,002 37
lucoiiie from slnklnf? funds pleaded for redemption of bonds
.,.
30o,5:j7 80
Income from lauds and securities not pledged for redemption of bontts
68U,22S Q't)
Interest on bonds of the Southern Paolilc Co. and on bonds of Proprietary
Companies owned
639,393 68
Interest on bonds owned of companies other than Proprietary Companies
38,160 97
Dividends ou stocks owned of companies other than Proprietary Companies
139,.'3S'35
lucouie from other investments
32,000 001
Miscellaneous receipts
36,039 58
Interest on loans and on advances other than on open accounts of Proprietary
Companies
486,156 12
Total receipts
,320,335 23 $4,812,895 50
;
375,926 4s
280,4«4 49
681,649 77
511,4e2
14,250
155,100
43,157
$150,324 11
26,123 31
4,078 92
26
01
00
127,931 42
23,915 96
15,512 65
11,157 00
118,577 28
00
154,t}16 86|
146,474 46
339,681 661
$95,522,992 29!$90,683,436 56' $4,839,555 73
DiSBUBSEMENTS—
•Operating expenses of rail and water lines
of rail and water lines
Rentals for trackage, other property and facilities
Interest on outstanding funded debt of Southern Pacific Co. and Proprietary
Taxes
Companies.
.
Interest on O. P. RR. Co.'s notes to U. 8. of America
Interest on loans paid and interest accruing to June 30, 1904, on open accounts
other than with Proprietary Companies
Sinking fund contributions and Income from sinking fund investments
Betterments and additions payable from income of Southern Pacific Co
Surveys and other accounts charged off
Insurance on steamships, taxes, and other expenses of Southern Paciflc Co
-
Land department expenses
Taxes on granted lands and on other lands
Miscellaneous expenses
Principal of advances to San Antonio
& Aransas Pass Ry. Co. under guaranty
ofbonds
Deduction for annual depreciation of rolling stock owned by Southern Pacific Co
$63,179,593 53 $60,301,260 24 1|2,878,333 29
2,352,753 51
2,110,540 64
242,212 87
218,133 00
218,133 OOi
i
15,654,325 25
941,003 52
14,845,248 85,
1,112,386 99
809,076 40
$171,383 47
838,493 11
26,123 31
399,746 55
134,278 16
1'27,304 15
31,029 19
579,824 74
795,464 49
179,1:77 40
87,l«4 47!i
524,429 47
135,247 921
102,902 57|
55,356 93
651,704 59
601,138 68
352,887 86
318,879 66
298,816 73
282,259 02
1,418,317 85
821,587 80
113,593 17
65,684 23
87,164 47
124,682 92
j
969 76
24,401 58
24,327 74
$86,644,508 95 $81,719,005 23 $4,925,503 72
Total disbursements
Balance—receipts over disbursements
$8,878,483 34
$85,947 99
$8,964,431 S3
The above statement does not include $1,325,513 19, the proceeds from sale of lands; these proceeds were paid over to
the Trustees of the respective mortgages, to be used by them for the redemption of bonds.
The balance of receipts over disbursements, amounting to $8,878,483 34, was applied toward the payment of expenditures for reconstruction, betterments and additional equipment. Expenditures for the reconstruction of the Central Pacific Ry. and for other betterments and additions for account of the Proprietary Companies, amounting in the aggregate
to $6.478,063 50, were charged to the capital account of the respective companies
Expenditures for new equipment, consisting of 95 locomotives, 120 passenger-train cirs, 77 freight-train cars and 13 road-service cars, amounting in the aggregate to $2,898,145 69, were incurred for account of the Southern Pacific Company.
Expenditures for betterments and additions to the properties of the South Pacific Coast Ry., the
Mexico Arizona
RR. and the Sonora Ry,, amounting to $113,593 17, were charged to the Income of the Southern Pacific Company.
&
New
The transportation operations compare with those
of the preceding year as follows
j^verage miles of rail lines operated Increased
OrosB transportation receipts increased
Operating expenses Increased
Taxes Increased
Receipts over operating expenses, taxes and rentals Increased
:
182*58 miles,
$4,612,895 50
2,878,333 29
242,212 87
1,342,025 23
2*07 per cent
" 5-22
"
" 4*77
"
" 11'47
"
" 5-11
"
or
The causes which resulted in the increase in the operating expenses are fully dealt with under "Transportation
Operations."
The charges for interest on the outstanding funded debt of the Southern Pacific Co. and of the Proprietary Companies
(after deducting the interest collected on such of these bonds as are owned by said companies), for interest on the Central
Paciflc RR. Co.'s three per cent notes to the United States of America, and for interest on loans and on open accounts
other than with the Proprietary Companies, exceed by $1,348,354 62 the payments made la^t year for similar accounts,
^f this increase $509,761 51 is for increase in interest on funded debt and the remaining $838,493 11 for interest on loans
and open accounts. Insurance on steamships, betterments and additions payable out of income of the Southern Pacific
Co., advances and all other charges to Income, decreased $203,540 53. There was charged against the year's income the
sum of $601,138 68, which was set aside as a fund to provide for the depreciation of the rolling stock owned by the
Southern Pacific Co.
The charges against the income for the year include $174,395 34 advanced by the Southern Pacific Co. to the Oregon &
California RR. Co. and $651,704 59 advanced to the San Antonio & Aransas Pass Ry. Co., under its guaranty of the
principal and interest of the bonds of said companies, but said sums, amounting in the aggregate to $826,099 93, still remain
due from said companies to the Southern Pacfic Co.
There was written off to profit and loss $647,535 45 for unfunded discount and premium on capital issues during the
year.
The earnings and expenses of the Pacific Mail Steamship Co. and of the Gila Valley Globe & Northern Railway Co.
are not included in this statement of income, nor are their earnings, expenses, assets and liabilities included in any
statements in respect of the operations and transactions of the Proprietary Companies other than in Table No. 35.
Statements showing receipts and disbursements, and assets and liabilities of the Pacific Mail Steamship Co. will be found
in Tables Nos. 28, 29 and 30 of pamphlet report, and of the Gil i Valley Globe & Northern Railway Co. in Tables Nos. 32,
83
and 34
of
pamphlet report.
A consolidated
statement of the Income Account and of the Profit and Lo?s Account of the Southern Pacific Co. and
of the Proprietary Companies, showing in full all transactions between said companies, will be found in Tables Nos. 2 and
8.
Details of the Inconae Account and of the Profit and Loss Account of the Southern Pacific Co will be found in Tables
Nos. 8 and 9 of pamphlet report and of the Proprietary Companies in Tables Nos. 11 and 13 of pamphlet report.
CAPITAL STOCK.
There was no change in the capital stock of the Southern Pacific Company during the year from the amount outstanding
at the beginning of the year, which was
$197,849,258 64
The Proprietary Companies had outstanding at the beginning of the year common and preferred stock to the amount of
$303,003,572 00
There were issued during the yearCompany
Four Per Cent Camnlatlve Preferred Stock in exchange for a like amount of Southern
Central Pacific Railway
200,000 00
Pacific Company Four Per Cent Gold Bonds (Central Paciflc stock collateral)
1,000,000 00
Southern Pacific Terminal Company Capital Stock
TotalJune
30,
1904
$304,208,572 00
Of the above outstanding stock of the Proprietary Companies, there is owned by the Southern Pacific Co. $302,625,480 00
and by the Morgan's Louisiana & Texas RR. & Steamship Co. (a proprietary company of the Southern Pacific Co.)
$845,000 00, making a total of $303,470,480 00.
The stocks ownel by the Southern Pacific Co. and deposited with the Union Trast Co. of New York against capital
stock issues of the Southern Pacific Co., the stocks deposited with the Trustees of the Southern Pacific Co.'s Four Per Cent
<jrold Mortgage (Central Pacific stock collateral), and the stocks and bonds deposited with the Trustees of Southern Pacific
Co.'s Two-Five-Years Four and One-half Per Cent Gold Mortgage are shown in Table No. 5.
——
Nov.
^
THE CHRONICLE.
26, 1904.1
'
'
'
'
•
2463
."..'-"'.'
-
-:
'
FUNDED AND OTHER FIXED INTEREST-BEARING DEBT.
There were outstanding at the beginning of the yearBonds of the Southern Pacific Co. to the amount o(
Funded debt of Proprietary Co8., including Income Bonds to the amount of $6,354,000
$61,562,500 00
271,684,635 82
$323,247,135 82
Less bonds of Proprietary Cos. deposited with Trustee of Southern Pacific Co. Two-flve-years 4>« Per Cent
mortgage
10,449,000 00
:
$312,798,135 82
13,653 96
35,287,629 3&
Equipment
trust obligations
Three-per-oent notes of Central Pacific RR. Co., In favor of the United States of America...
$348,099,419 14
Total
There were issued during the year
Southern Pacific Co. Four Per Cent Gold Bonds
(Central Pacific Stock Collateral), issued In exchange for
a like amount of Preferred Stock of the Central Pacific Ry. Co. deposited with Trustee under provisions of mortgage
Two-five years i^ Per Cent Gold Bonds, Issued against stocks, bonds and property hypothecated
Central Pacific Rt Co. First Refunding Mortgage 4 Per Cent Bonds, issued for account of 3 Per Cent
notes to theUnlted States of America paid off
Houston a Thxas Central BR. Co., Lampasas Extension First Mortgage 5 Per Cent Bonds, $450,000,
less Interim 5 Per Cent Bonds retired, '6425,000
New York Texas & Mexican Ry Co., First Mortgage—Matagorda Division 6 Per Cent Bonds
SoDTHEBNPAtLFio RR. Co., First Consolidated 5 Per Cent Bonds of 1893
Tbxas & New Orleans RR. Co., Dallas Division, First Mortgage 4 Per Cent Bonds
$200,000 00
10,000,000 00
7,767,000 00
25,000 00
842,000 00
1,092,000 00
1,542,000 00
21,468,000 00
$369,567,419 14
There were retired during tlie year
Southern Pacific Co. Six Per Cent Steamship Bonds purchased and canceled.
Central Pacific Rt. Co. Bonds purchased and canceled as follows—
$72,000 00
First Refunding Mortgage 4 Per Cent Bonds
Three and One-half Per Cent Mortgage Gold Bonds
Notes of Central Pacific RR. Co. in favor of the United States of America, due August 1, 1903, and
February 1, 1904
Galveston Houston & Northern Ry. Co. Equipment Trust Notes paidoflf
Houston East & West Texas Ry. Co. Equipment Trust Notes paid off
Houston & Texas Central RR. Co Bonds called from proceeds from sale of lands as follows—
First Mortgage 5 Per Cent Bonds
$533,000 00
Consolidated Mortgage 6 Per Cent Bonds
261,000 00
General Mortgage 4 Per Cent Bonds
12,000 00
25,000 00
469,500 00
5,881,271 56
7,388 40
5,000 00
806,000 00
201,000 00
Oregon & California RR. Co. First Mortgage 5 Per Cent Bonds purchased and canceled
Southern Pacific RR. Co. Bonds purchased and canceled as follows—
176,500 00
19,000 00
First Mortgage 6 Per Cent Bonds of 1875
First Consolidated Mortgage Bonds of 1893
Tbxas & New Orleans RR. Co.—
Payment to State of Texas for account
of School
Fund Debt
6,674 90
7.669,334 86
Total funded and fixed interest-bearing debt, Southern Pacific Co. and Proprietary Companies, June 30,
detail on Table No. 4 of pamphlet report
Increase during the year.
1904, as shown
in
$361,898,084 28
$13,798,665 14
CAPITAL EXPENDITURES.
The charges
account were as follows:
San Antonio Rt.—
to the capital
Galveston Harrisburg
&
Cost of Litho Carbon Spur
Gulf Western Texas & Pacific
$19,976 04
Rt.—
Surveys
2,484 31
,
Houston & Tfxas Central RB.—
Lampasas Extension
Louisiana Western RR.—
Extension from Mallard Junction to Hayes
Morgan's Louisiana & Texas RR. & 88. Co.—
Extension from Cypremort to Weeks Island
Extension from Raceland to Lockport
13,038 42
216,079 20
$6,210 88
20,113 84
26,324 72
$133,245 80
22,710 92
i.^ 1,126 09
157,082 81
New York Texas & Mexican By.Extension from Van Vleck to Tres Falaclos
Extension Irom Van Vleck Southerly
Surveys
Oregon & California RR.
-
Extension from Henderson to Springfield
Southern Pacific RR.—
Constructlonof line West End Siml Tunnel to Burbank
Construction Bay Shore Line
36,710 50
$512,777 45
209,668 9:^
722,446 37
Southern Pacific Terminal Co.—
Expenditures for terminal
Texas &
New Orleans
Expenditures on
facilities,
65,548 67
Galveston, Texas
RR.
new line from Rockland
452,432 86
to Cedar.
Expended for Betterments and Additions to thb Mileage of Pkopbibtart Companies, as Detailed
IN Table No. 20 of Pamphlet Report—
For ballasting
$248,040 43
For bridges, viaducts and culverts
;
1,084,760 17
For shops, buildings and yards
1,376,742 25
For real estate
316,636 89
For fencing, telegraph lines, shop machinery and other minor expenses
439,721 61
For additional s'de and passing tracks
1,236,993 03
For changes of line, reducing grades, widening embankments, tunnel improvements and second main track.. 1,673,053 76
For 4 steam shovels, 2 ballast spreader oars, 1 business oar, cost of equipping passenger cars with oil tanks
and Plntsch gas, and $20,227 57 additional cost of equipment added during last fiscal year
102,115 36
,
6,478,063 53
$8,190,187 40
Total
Less:
Proceeds from sale of property and from mlscellaneoos collections
Adjustments in cost of property
Steamships "Gussle" and "Aransas," sold and charged off at their cost
$69,664 00
24,348 19
257,398 00
351,410 19
Total Proprietary Companies
$7,838,777 21
Southern Pacific Co.—
Cost of the ocean Mteamshlps "El Alba," "El DIa," "El Siglo" and "El Valle," and cost of 169 locomotives, 112 passenger-train cars, 5,694 freight-train cars and 52« road-train cars; hypothecated under Southern Pacific Co.'s mortgage
securing Two Five Years Four and One half Per Cent Gold Bonds
$11,064,194 86
Preferred Capital Stock of Central Pacific Ry. Co. deposited under Southern Pacific Co.'s Four Per Cent Mortgage (Central Pacinc Stock Collateral)
200,000 00
Total Southern Pacific Co
Less difference In cost of bonds released
$11,264.104 86
30,000 00
$11,234,194 86
07
These expenditures were met by the issue of new stock amounting to $1,200,000 00 and of new bonds aranunting to
$13,701,000 00. The remaining $4,171,972 07 was provided from earnings and other sources. The details of all expenditures
for Capital Account are shown in Table No. 7 of pamphlet report.
Total Proprietary Companies and Southern Pacific
Company
$19,072,972
SINKING FUNDS.
The transactions for account
panies have amounted to
:
of the sinking funds of the
Southern Pacific Co. and of the respective Proprietary Com-
.
THE CHRONICLE.
24()4
(
Income from InvcHtiiients collected and aooruiDK to June 30, 1904
Inoonie from annual requirements of mortKages
Vol. Lxxix.
$306.587 80
515,C00 00
,
Total applicable for redemption of bonds
Amount
to the credit of the respective sinking
$821,587 80
funds at tte beginning of the year,
viz.:
Southern Paoltlo Company
$444 CO
15,487,036 04 1?,487,480 04
,
Proprietary Companies
$16,309,067 84
Total
for the following bonds purchased and canceled
$72,000, face value. Southern Pacltlc Co.'s Steamship First Mortgage Six Per Cent Bonds
$319.0'>0, face value, Central Paoittc Ry. Co.'s Three and One-half Per Cent Mortgage Bonds
$25,000, face value, Central Paoltlo Ry. Co.'s First Refunding Mortgage Four Per Cent Gold Bonds
$19,000 face value. Southern Pacitlo RR. Co. (of California) First Consolidated Mortgage of 1893 Bonds
Less
Net
loss
amount paid
:
$75,600 00
.273,9^5 43
24,750 00
20,520 00
28 60
on bonds called for redemption
Balance June
and accrued
30, 1904,
interest to
394,884 03
consisting of cost of bonds purchased for investment, cash uninvested,
June
30, 1904,
on bonds in Sinking Fund,
viz.:
Southern Paclflo Comoany
$444 00
Proprietary Companies
15,913,7a9 81 15,914,183 81
The sinking funr*: transactions of each company, the securities held and cash on hand for account of each fund are
show n in detail in Table No. 15 of pamphlet report.
LANDS.
The transactions of the Proprietary Companies during the year in regard to proceeds from the sale of lands pledged
for the redemption of bonds amounted to
14,492
Number of acres sold
:
$47,397 26
30,169 78
77,567 04
5 35
4,285,687 43
14,560,612
528,000 00
Cash receipts from sules
Principal of del erred payments on time sales
Total Amount of sales for the year
Average price received per acre
.,
Land contracts outstanding June 30, 1904
Number of acres of land remaining unsold June 30, 1904
Face value of bonds purchased and canceled by Trustees from proceeds of the sales of land paid over to them
•.
The transactions of each company in respect of lands and the disposition made of their cash receipts therefrom are
shown in detail in Tables Nos. 16 and 17 of pamphlet report.
The above statements do not include transactions in respect to the lands formerly belonging to the Houston & Texas
Central RR. Co. Under the Trust Indenture executed by Frederic P. Oloott, the purchaser thereof at foreclosure sale,
the proceeds from the sale of these lands are to be applied to the purchase and cancellation of Houston & Texas Central
RR. Co.'s First Mortgage and Consolidated Mortgage Bonds. The cash receipts and disbursements for account of these
lards during the year were as follows
Cash on hand June 30, 1903
Receipts from sale of lands, from principal of deferred payments and from interest on deferred payments.....
:
f 478,087
31
$746,04fi 51
69,961 60
10,164 93
Receipts froaa lease of lands
Other receipts
825,173 04
$1,303,C60 35
LessCost of $4'i?,000, face value, First Mortgage, $253,000, face value, Consolidated Mortgage Bonds, and
$12,000, face value. General Mortgage Bonds, purchased and canceled during the yeaj
Expenses of Land Department and taxes on lands
Cashonhand June 30, 1904
Amouutof land contracts outstanding June
30,
$825,054 84
98,557 16
923,611 50
$379,648 85
$936,906 35
1904
Acres of laud remaining unsold June SO, 1904
There were called for redemption on September 14, 1904, First Mortgage Bonds to the amount of §175,000,
and on October 14, 1904, Consolidated Mortgage Bonds to the amount of $135,000, face value; total, $310,000.
2,170,056
face value,
ASSETS AND LIABILITIES.
details of the assets and liabilities of the Southern Pacific Co. are shown in Table No. 10, and those of the Proprietary Companies in Tables Nos. 13 and 14. The value of the granted lands belonging to the Central Pacific Ry., the
Oregon
California RR., the Southern Pacific RR, and the Texas
New Orleans RR. Companies, and remaining unsold
at the close of the year, is not Included in such statements of the assets of said companies. The cash proceeds, however,
from the sale of the lands, the disposition made thereof, cash in hands of trustees, and other transactions in respect of
said lands, are shown in Tables Nos. 16 and 17 of pamphlet report.
The expenditures for capital account have exceeded the stocks and bonds issued against such expenditures, taken at
their par value, by $4,171,973 07. From Tables Nos. 10 and 14 it will be seen that the current liabilities of the Southern
Pacific Co. and the Proprietary Companies on June 30, 1904, amounted to
$41,692,213 20
Of this sum $26,453,195 26 is for loans and bills payable, an increase of 12,470,474 14 over last year.
Against these liabilities the Companies have the following current and free assets:
Bonds, as per Table No. 6 of pamphlet report
$2,978,516 52
Current cash accounts (excluding material and supplies to the amount of $l2,457,9f 9 59)
13,33.^,006 35
Advances for the construction or new lines, investments in other propertif s, equipment and real estate
29,167,208 39 $45,480,731 26
The
&
&
In connection with the above-mentioned liabilities, it should be stated that the Southern Pacific Co. furnishes to the
Proprietary Companies the funds required for the construction of new lines, for additional equipment, for terminal properties, and for the acquisition of properties important in the development of the business of said companies or in their
more economical operation.
The sums thus fun-ished have
to be carried by the Southern Pacific Co. pending the completion of the work and awaiting a favorable opportunity when the securities issued in payment for such construction, equipment, or other property can
be sold at satisfactory prices. A large working capital is therefore necessary to carry on this work and considerable sums
will at times be represented in these advances.
EQUIPMENT.
The following changes have taken place during the year in the equipment owned by the companies:
Added during
Sold, destroyed
the Tear.
or coLdemtfCl
arid eredited o
Replacement
FunU.
Loeomotlves
Baggage and express cars
Baggage, exprt ss and mail cars
Baggage and passenger cars
Business oars.
Chair oars
Dining cars
Passenger oars..
Postal cars
.....#......
...
.
Box cars
Flat oars
Stock oars
Other freight
...
..
cats.. ...... ........
Road service cars
Car floats
Car transfer baige
Passenger ferry steamer
River steamer..............
Amount credited or charged
.....
.....
17
3
2
2
Charged to
Heplaeement
t'ut.d.
Charged
to
Frc A sue Is
So I'ac Co
83
16
77
7
6
fiarrifd as
Oiipilal
Account.
Total.
102
77
6
3
....
1
1
2
7
"87
94
1
"4
25
"26
2
461
707
73
126
£6
21
70
150
45
68
21
2
"19
13
••
•
1
1
1
70
150
64
79
27
2
1
"i
1
$1,191,27169
$1,302,149 43
$102,115 36
$2,202,357 66
$3,606,662 45
o
Nov.
1:0,
2465
THE CHRONICLE.
1904.1
and 80-33 tons upon
The locomotives added during the year averaged 88-94 tons total weight of engine without tender
The freight oars added during the year averaged 33-38 tons capacity.
^.
* ^-v,^
, „„^
^u
total of 888 locomotives thus equipped at the
DuriD'' the year 251 locomotives were changed to burn oil, making a
4
and
headlights
Metal cabs were applied to 66 locomotives; 557 were equipped with acetylene
close of the fiscal year.
1 he cost
equipped
to burn Pintsch gas.
were
cars
16
passenger
also
expansion;
single
to
compound
were changed from
were charged to operating expenses.
of these charges and improvements, amounting to $164,157 60,
drivers.
-a
,
There remained to the credit of the fund for re^^lacement of rolling stock at the close of the year
their capacity at the close of tne year were as follows:
$149,- OS 69.
The locomotives and cars owned and
Last Year.
1,534
1,448
33
30
86
3
1000
1,567
1,478
89
493
91,663
50-75
73,586
47-90
82,718
57-12
66,047
45-61
8,945
2-63
7,539
2-29
10-81
4-64
11-41
5-02
1,471
J, 292
179
13-85
67
64
3
469
1,538
1,356
182
13-42
43,192
44,350
816
1,153
6
2-61
810
44,002
45,166
1.164
2-58
1,279.958
29-64
1,314,685
29-64
34,7:^7
2-64
3,239
3,104
Locomotives, standard gauge
"
narrow-gauge
Total
(Standard gavge only.)
Total weight, excluding tenders (tons)
Average total weisht, excluding tenders (tons)
Total weight on drivers (tons)
Average total weight on drivers (tons)
—
Passenger train cars, standard-gauge
"
"
"
narrow-gauge
Total
Freight train ears, standard-gauge
"
"
*'
narrow-gauge
Total
Total capacity of standard-eauge oars (tons)
Average capacity ol etandard-gaage cars (tons)....
Road
Per Cent.
This Year.
servict cars
Decrease.
Increase.
5 94
•73
4-35
135
18
The equipment owned by the Proprietary Companies and by the Southern Pacific Company is shown in Table No.
are shown in lables
of pamphlet report, and the changes during the year, the capacity, and the service of all equipment,
Nos. 24, 25 and 26 of pamphlet report.
TRANSPORTATION OPERATIONS.
The transportation operations
of all lines operated during the year were as follows:
Tea^ ending
Tear ending
0, 19t4 June 30, 190.}.
June
Average miles
9.024-59
of rail lines operated.
Receipts—
$2,'),201,487
Passenger and extra baggage
Mail and express
Freight
Locomotive and car mileage
Rentals, switching and all other sources.
3,636,501
56,602.651
135,6 '3
1,334,252
Terminal Co.
Operating Expenses -
$12,315,561
12,050,081
32,006,932
1,913,565
Maintenance of way and structures.
Mainten»nce of equipment
Condufting transportation
General expenses
Total rail line?
Water
Terminal Co
Total
.
Receipts over operating expetses.
Passenger Traffic—
Number of passengers carried
Number of passengers carried one mile
P. 0.
2-07
182-58
6-98
59 $23,558,046 85 $1,643,440 74
218,034 66
3,418,466 62
28
17 54,290,659 38 2,311,991 79
143,305 77
68
29
1.446,316 06
638
4-x'6
5-37
7-75
$7,692 09
112,063 77
4-W9
'•46
230-40
5-22
$748,892 49
30
15 $1, -246,293 31
59 1,950,891 65
92,039 91
82
5-73
11 54
6-49
5-05
4-56
6-99
44-23
$63,179,593 53 $60,301,260 24 $2,878,333 29
4-78
$29,753,637 20 $28,019,074 99 $1,734,562 21
6-18
.
Freight Traffic*—
Tons cotuniercial and company freight carried
Tons commercial and company freight carried one mile
Receipts per mile of main traclc— all frei«fhr
Receipts per revenue train mile all freight
Average receipts per ton per mile— commercial freight
Average distance carried— all freight
81 $13,064,454
46 10,803,788
24 30,056,040
1,821,525
73
^'^S.gSe.Ul 24 $55,745,808 86 $2,540,332 38
314,908 04
4,503,240 70
*'^i?'J^2
23,092 87
52,210 68
5
75,306 Z-
Receipts of passenger trains per mile of main track
Receipts of passenger trains per revenue train mile
Average receipts per passenger carried one mile (exclud. feiry- suburban)
Average distance carried—other than ferry— suburban
30,66P,125
1,269,725.211
$3,195 48
1 63
21 41 cents.
82-83 miles.
31,446,691
1,188,399,066
«3,05O 95
1 55
2-175 cents.
77-10 miles.
23,684.348
6,562,64«.418
22,230,367
6,308,502.359
$6,140 08
2 77
$6, -^7 2 05
2 82
1 022 cents.
cents.
277 09 miles. 283-78 miles.
—
*
Decriaf.
Increase.
$92,933,230 73 $88,320,335 23 $1,612,895 50
Total.
lines
Southern Paciflo
8,84201
Tear ending Juy eSO, 1904.
J86,P10,506 01 $82,8P 6,794 6« $4,053,711 33
401,182 51
5,39'-,048 22
5,796,423 42
157,808 97
68,492 33
226,301 30
Total rail lines
Water
lines
Southern Pacific
.
$144 53
08
516
1.56
7-43
0-34 cents.
5-73 miles.
1,453,981
6-54
254,14fi,059
4-i>3
$13197
2-15
05
1014
.,
2-48
6-84
4-T4
778,566
81 ,.326,1 45
1-«»1
cents.
78
6*69 miles.
2-36
008
Waybill tonnage.
Compared with the preceding year the percentage
of operating
Total
.
....
Total,
Inelud.]Terminal Properly.
ThiB Tiar.
Jjott Year,
This Tear.
Last Tear,
Thia Tear,
Last Tear.
Per Cent.
28 03
Per Cent.
Per Cent.
Per Cent.
19-.S9
S9-03
63-53
Per Cent.
21-70
61-76
Per Cent.
28-82
3b -47
4050
28-3«
39-91
6706
67^29
83-12
83-46
67-98
68-27
The transportation receipts and operating expenses are shown
and the details of passenger and freight traffic for all lines
report
xpenses to gross receipts was as follows:
Water Linet.
Hail Lines
For "raalntf nance"
For "operation"
«
27-48
in detail for each company in Table No. 19 of
in Tables Nos. 21 and 22 of pamphlet report.
—
.
.
pamphU t
:
thp: chronicle.
24G(i
[Vol. Lxxix.
Of the total increase of |2, 878,333 29 in operating expenses, the expenses for "maintenance" increased $485,254 75, or
1-12 per cent; this was caused entirely by an increase in the expenses for maintenance of equipment.
Expenses for "operation"' increased §2,393,078 54, or 6-80 per cent, caused principally bj' the increase in wa^es and in the volume of traffic
handled. The increase in expenses for "maintenance" absorbed 10-5<S per cent, and the increase'in expenses for "opera.tion" 51-88 per cent of the increase in gross receipts, a total of 63-40 per cent.
The increase or decrease in the operating expenses has been principally in the following items
Maintenance of Way and Structuhes.— (Decrease, $748,892 49, or 5-73 per "'cent). Expenditures for repairsfof
roadway decreased $931,808 53 and for buildings f342,000 56; this was chiefly the result of the large expenditures made for
these accounts in former years and of the large charges in last years expenses for the destruction of property by fire on
the Alameda Mole. A de rease in the number of cross-ties put in the track caused a decrease of $141,938 48 in this item of
expense. The replacement of lighter bridges by heavier structures, to provide for the heavier equipment now in use, and
the construction of a number of iron pipe and stone culverts, which is progressing, caused an increase in the expenditures
for repairs and renewal of bridges, trestles and culverts of |298,203 46.
Renewal of rails and fastenings increased
$325,765 25; this was chiefly caused by the greater price at which rails were charged to the operating expenses. Although
the rails were not all received to be put into the track, the year's charges have been for the full amount of the annual
requirements.
The charges to the operating expenses include the cost of the following
rails, ties
and
tie-plates:
Lcut Year.
Thi$ Tear.
Miles of new75-lb. steel rails
Miles of new 80-lb. steel rails
Total miles of new steel rails
1-44
675-09
676-53
1,08^,951
1,490,528
2,576,479
900 18
482-32
1,174,195
1,167,105
2,341,300
824-69
6-90
2,264,502
398-82
Number of bumettlzed oross-tles....
Number of other cross ties
Total number of oross-tles
Equal to miles of continuous track
Percentage of renewal of all ties In track, including sidings
Number
2-50
47982
of tie-plates.
Equal to miles of continuous track
7-83
3,720,128
651-54
The rail fastenings and tieplates used in the rebuilt section of the Central Pacific Ry.were charged to the reconstruction account of the line.
The weight of rails per yard in main lines and branches at the close of the year was as follows:
60 and
Total.
Main and eecond track
96-^6.
80-i&.
76-/6.
75-i6.
61-5-i6.
JTnder
56-Ift.
54-?6.
52-J6.
'130-63
5,726-48
3,533-54
21-07
2,047-61
28-94
419-52
•39
1,537-74
19-05
1,3 24^43
-37
997-54
233-91
292-89
3-67
256-31
Total
9,260-02
Per cent of total miles of
100-00
track this year
Per cent of total miles of
100-00
track last year
21-44
2,076-55
419-91
1,556-79
2,321-97
526-80
259-98
•23
22-42
4-53
16-81
25-08
5-69
2^81
•24
16-92
4-71
16-41
27-67
5-39
3-02
Branches
bO-lb.
50-/6.
138-53
1,316-86
490-56
130-63 1,455-39
490-56
1-41
15-72
5-30
1-41
18-64
5-59
The expenditures for maintenance of way and structures averaged $1,341 77 per mile of main and second track,
against $1,457 20 for the preceding year.
At the several wood-preserving plants of the Company 396,802 lineal feet of piling and 4,025,770 feet B. M. lumber were
cresoted and 1,927,046 cross-ties were burnettized.
Maintenance op Equipment.— (Increase, $1,246,293 31, or 11 -54 per cent.) Repairs and renewals of locomotives increased $831,193 56, or 18-03 per cent. This increase resulted from extensive repairs to a greater number of loconaotives,
the greater number of locomotives in service, and from the increase in the use of a heavier type of locomotive, with the
consequent greater cost of maintenance. There is included in these repairs $70,334 46, the difference bttween the present
cost of 17 old, light-weight locomotives disposed of and the price obtained for them; also $115,046 00 for changing locomotives to oil burners.
Repairs and renewals of passenger equipment decreased $76,486 18, or 5-75 per cent. There was an increase of
3,288,888, or 4-23 per cent, in miles run by passenger equipment, and the decrease in expenses resulted entirely from a
charge in last year's expenses of $225,000 for passenger equipment destroyed by fire at the Alameda Mole. There is included in the year's charges to repairs and renewals $128,247 51, the present cost of replacing 32 cars sold, condemned or
destroyed, viz. 3 baggage and express, 2 baggage, express and mail, 2 baggage and passenger, 1 business, 2 chair, 20
passenger and 2 postal cars, and $9,140 19 for equipping 16 passenger cars with Pintsch gas.
Repairs of freight cars increased $324,715 87, or 9*86 per cent: this was caused by an increase of 2,589 cars, or 6*17 per
cent, in the average number of freight cars in service during the year, and from an increase of 16,880,111 miles, or 3'51 per
cent, in the mileage of cars in freight trains. Included in these charges is $524,881 91, present cost of replacing 1,567
freight cars sold, condemned or destroyed during the year.
Repairs of work and service equipment decreased $22,410 28. The charges to this account include $17,784 39, present
cost of replacing 56 cars condemned and broken up.
The expenditures for shop machinery and tools increased $149,954 27, or 44'47 per cent; this was caused by large additions of machinery to meet the increased demands upon the shops made necessary by the increase in the Company's
equipment during the last three years.
The average cost of repairs per locomotive and per car per annum and the average number of serviceable locomotives
and cars maintained during the year were:
:
Average Cost Per
Including Ohargt for Locomotives and Oars Sold, Destroyed,
Broken Up or Condemned.
Passenger-train oars
Freight- train cars..........
Last Tear.
This Tear,
Locomotives
...............
.......
Annum,
$3,288 53
953 50
78 01
$3,588 17
823 11
81 15
Average Serviceable Number.
This Tear.
1,516
1,4«3
44,571
Last Tear,
1,419
1,349
41,982
The equipment owned by the Proprietary Companies and the Southern Pacific Co. is shown in Table No. 18 of pamphlet
and the changes in all equipment during the year, the capacity, the service and the average cost of maintenance are
shown in Tables Nos. 24, 25 and 26 of pamphlet report.
report,
Conducting Transportation.— (Increase, $1,950,891 65, or 6-49 per cent.) There was an increase of 586,093 miles, or
run by locomotives in revenue service. This increase in mileage and an increase in the price of coal
and wood added $298,934 05, or 4 per cent, to the expenses of fuel for locomotives.
The increase in wages, in the traffic handled, aiTd in the additional locomotive and car miles incident thereto, caused
an increase in expenses for locomotive service other than fuel and repairs (principally wages of engine and roundhouse
men) of $559.6')9 18, or 9^99 per cent; in expenses for train service (principally wages of trainmen) of $541,468 09, or 12*79
per cent, and in station and terminal expenses of $189,112 85, or 2-38 per cent.
Payments for mileage and switching increased $37,294 09. or 6-03 per cent for advertising and printing, $99,843 47, or
49*32 per cent and for superintendence and other expenses, $155,768 30, or 13-35 per cent.
Compared with the results of the preceding year.the work done by the Transportation Department shows the following
1'21 per cent, in miles
;
increase:
Nov.
THE CHRONICLE.
26, 1904.]
2467
Gross transportation receipts
(rail lines only)
oouduotini; transportation (rail lines only)
Passengers oarrieil one mile (iacluding ferry— iutturban)
Carmtles— passenger trains
Ex pen!<es
...
Locomotive miles— passanxer trains, including light and helping
Tons— commercial treigiit— carried one mile
Tons— commercial and company freight carried one mile
Oar miles— freigh' trains
Looomoiive miles— freight and mixed trains, Inolading light and helping
Locomotive miles—all revenue trains, including light and helping and switching
—
,
,
,
The average number of tons of freight per train, tons per loaded car,
to total freight-car mileage, including caboose, were:
and the percentage
Oommercial and Oompany Freight.
Tons Carried
in
Inerecue.
Per Cent.
$4,053,711 33
1,950,891 65
81,326,145
8,745,900
351,602
302,187,205
254,146,054
16,880,111
249,929
586,093
4-89
6-49
6-84
3-56
1-95
6-00
403
3-51
1-05
1-21
of loaded freight-car mileage
Increase Decrease. Per Cent
1904.
1903.
297-15
344-23
325-54
296-95
335-37
320-31
-20
-07
8-86
5-23
2-64
1-63
19-78
19-05
19-31
18-83
18-58
18-67
•95
-47
-64
5-05
a-58
3-43
67-13
68-55
68-04
68-69
70-82
70-04
Each Irain—
Lines east of El Paso
Lines west of El Paso
...
Aveiaif«»
.,
Tons Per Loaded Car—
Lines east of El Paso
Lines west of El Paso
Average
Percentage of Loaded Freight-Car Milbage to Total |Frbight-Car Mileage
(Including Caboose)—
Lines east of El Pas. .............
Lines west of El Paso
....
............. ......
Average
1-56
2-27
2-00
2-26
3-21
2-57
The decrease
in the percentage of loaded freight-car miles to the total freight-car miles was cansed by the increase of
commodities such as oil, where, in one direction, cars move empty.
The expenses for conducting transportation averaged 87-37 cents per revenue train mile, against 83-83 cents in the
preceding year. Fuei for locomotives average! 15'81 cents per locomotive mile in revenue service, against 15*38 cents in
traffic in
the previous year.
A review of the general operating results by which these expenses are affected will be found in Table No. 23 of
pamphlet report.
General Expenses— (Increase, $93,039 91, or 5-05 per cent). Expenses for general administration increased $26,905 56; for legal service and expenses, $54,410 40; and for stationery and printing, $20,453 54. In expenses for insurance
there was a decrease of $9,729 59.
—
Water Line Expenses. (Increase, $314,808 04, or 6*99 per cent). Expenses for maintenance of steamers, tugs and
barges decreased $63,823 85, or 7'70per cent; expenses for maintenance of dock8,wharve8 and buildings increased $28,675 83,
or 838 per cent, leaving a net decrease in expenses for "maintenance" of $35,148 03, or 3-00 per cent. Expenses for
operating steamers increased $226,851 14; agency expenses increased $26,644 74, and general expenses $96,559 19, making a
totalincrease in expenses for '• operation" of $350,056 07, or 10-70 per cent. The greater part of the increase in general
expenses resulted from the transfer of the general offices and accounting department of the steamship lines to New York.
Of the increase of $23,092 87 in the expenses of the Southern Pacific Terminal Co., $33,001 96 was for maintenance of
elevators and other property.
GENERAL.
Bonds to the amount of $1,334,000 were purchased from proceeds of sale of lands and canceled; bonds to the amount of
$390,000 were purchased from sale of sinking fund securities and canceled, and bonds to the amount of $145,000 were purchased from sinking fund contributions and canceled, thus making a total of $1,769,000 bonds purchased canceled during
the year.
The reconstruction of the Central Pacific Ey. between Reno, Nevada, and Ogden, Utah, as shown in the table pub
lished in last year's report in respect of this reconstruction, is completed with the exception of 16-005 miles, from Piute to
Argenta section houses. The material required for this work has been collected and the acquisition of right-of-way has
been completed, but the work itself has not yet been commenced.
The original Central Pacific Ry. track opposite the several lengths of reconstructed railroad is taken up and wholly
abandoned, excepting the distance opposite the Ogden-Lucin Cut-off across the Great Salt Lake, where the original Central Pacific Ry. tracks remain to serve the local business tributary to it.
On June 15, 1904, a circular was sent to the stockholders of the Southern Pacific Co. in respect to the issue of preferred
stock, and in accordance with the announcement made therein the following resolutions were adopted at a special meeting of the stockholders on July 20, 1904:
"HexolvtoL (1), that the capital stock of the Southern Pacific Co. be increased one hundred million dollars, by issuing
one million additional shares of the par value of one hundred dollars each."
" Resolv't (2), that the said increased stock shall be preferred stock; that the holders of such preferred stock shall be
entitled to dividends in each fiscal year at such rate, not exceeding seven per cent per annum, payable semi-annually out
of the net profits, as shall be declared by the Board of Directors, before any dividend shall be declared on the common
stock; that such dividends shall be non-cumulative; that the holders of such preferred stock shall not, by virtue thereof,
be entitled to any other or further share of the profits of the Company; that, upon the dissolution of the Company, voluntarily or otherwise, the holders of preferred stock shall be entitled to have their shares redeemed at par before any distribution of any part of the assets of the Company shall be made to the holders of the common stock; that said preferred
stock shall be issued and sold, from time to time, to such amounts and in such manner as the Board of Directors may
authorize and determine, but at not less than the par value of the shares; that it shall be convertible into common stock,
share for share, at the option of the holders at any time; and shall be redeemable, at the option of the Company, on or at
any time after the first day of July, 1905, and before the first day of July, 1910, at one hundred and fifteen dollars per
share."
^^ Resolved (3)
that the Board of Directors shall be and they are hereby authorized to establish from time to time and
enforce all such rules and regulations respecting the issue, sale, redemption and conversion of such stock not inconsistent
herewith, as in tbe jud;^ment of the Bjard may be necessary or expedient."
Pursuant to the authority thus conferred, the Board of Directors resolved to issue the preferred stock thus provided
for to the amount of $40,000,000, divided into 400,000 shares of $100 each, and to offer the same at par to the stockholders of
record at the close of business on the 28th day of July, 1904. Payments for said stock to be made io three instalments,
viz.: Twenty-five per cent, or $25 per share, at the time of making the subscription; twenty-five per cent, or $25 per
share, on or before the 3d day of October, 1904, and the last instalment of fifty per cent, or $50 per share, on or before the
,
1st
day of December, 1904.
The proceeds from the
sale of stock are to provide the capital necessary to discharge the floating debt incurred in
large expenditures in recent years for betterments and additions to existing lines, for new equipment, new
steamsb'ps, real estate and other property, for the construction of wharves, docks, elevators and other improvements, for
the construction and advances for the construction of new lines, referred to in the last annual report; and for other purposes, for which the funds were chiefly derived from earnings and temporary loans.
It will also leave a considerable sum of free and negotiable assets in the Treasury as working capital and will enable
the Company to refund banded obligations maturing during the calendar years 1905, 1906 and 1907, amounting to
$65,480,000 00, on a much more favorable basis of credit.
The accompanying report of the Comptroller shows fully and in detail the financial and other transactions of the
Southern Pacific Co. and ot each of the Proprietary Companies.
Attest:
making the
Alexander Millar,
Secretary.
APPROVED BY THE BOARD OF DIRECTORS.
THE CHRONICLE.
:24li8
No.
INCOME ACCOUNT FOR THE YRAR ENDING JUNE
2.
PKOFKlICrAKV
[Vol. lxxjx.
SOUTHERN PACIFIC CO.TIPANV AND
30, 1904.
COMPANIES.
(EarnlngB and ExpeuseK of "Proprietary" and "Nou Proinlctary " Liuen and MlHCollaneous Inoooieol the SoutUem PaoUic
Proprietary CoiupuuleB, and i^ombiulng details shown lu Tables Nos. 8 and 12.)
Operatlu)? expenses (and taxec) of proprietary lines,
Interest on funded debt an all other ex pense.i of pri)prletar/ companies, as shown In detail on Table
No. 11 of pamphlet rdport
$78,515.317 97
Ok>eratlnt; exi>euwe«, taxes and all other oxpenso.s incurred in connection with the operation of the followiuif non proprietary lines
I
:
New Mexico
<te Arizona
Sonera Railway
KR
1,110,639 36
126,430 00
bonds
8. P.
Interest on
1,185,406 68
P.
S.
Co.
413% 2-5year
1,162,500 00
bonds
Interest due proprietary companies on
advances and open accounts, including Interest charged to Oregon & California RR. Co
$1,290,455 53
Les-" interest due rrom proprietary companies
890,54^ 08
Interest on loans and on open accounts.
Fixed rental to Central Pacific Ry. Co
Fixed rental to Oregon & California RR.
.
Co
Fixed rental to Southern PacilicRR. Co.
Charter of steamers
Insurance on steamships
Taxes
....
Miscellaneous and general expenses
Sinhiug fund poutrihution. .
Premium on $71,000, face value, 8. P. Co.
6% steamship bonds purchased and
canceled
Accounts written ofl or adjusted
Advances to San Antonio & Aransas
Pass. Ry. Co. unfi er guaranty of bonds.
Deduction for annual depreciation of
rolling stock owned by S. P. Co..
Balance to profit and loss (No.
843.013 60
Receipts of Southern Paclflc Co. (Table
No. 8 of pamphlet report ):
Gross receii>ts of steamship lines operated
..
.$5,349,908 61
Dividends oa Wells, Fargo & Co.'SEtook
122,400 00
Dividends 00 other stocks
5.0i4 w5
.
8,037,53171
5,000 00
10.000 00
55,980 5i<
181,fi05
00
45,738 42
130,837 :-o
75,000 00
3.600 00
37,965 83
651,704 59
9,961,238 47
601,138 68
8,878,483 34
3)
$98,465,729 14
AND LOSS FOR THE YEAR ENDING JUNE
30,
Balance of unfunded discount and premium on capital
$647,535 45
8,912 42
oflf
Premium on bonds purchased and canceled
Difl'erence between cost charged on books and proceeds
from sale of property
Dividends No. 2 to No. 9 (August 1. 1900. to February
1, 1904, on Preferred Stock of Central Pacific Rail-
way Company)
$98,465.729 14
Total
1904— SOUTHERN PACIFIC OO.UPAIVY
COMPANIES. (Combining details shown in Tables
Issues written
$242,978 4^
600,135 15
399,906 45
999,825 58
10,000 00
Total
No. 3.— PROFIT
New Mexico (k Arizona RR
Interest on bonds owned
637,406 32
Net proceeds from lease of lands
2,575 46
Profits from (iper<itin>r wood-preserving
works
10.876 24
209 359 74
Rentals from terminal faolUties
35,6-1 44
Rentals from other jtroperty
Xeuialsfrom equipment
1,713,93141
MlecellaneouB receipt^
368 14
Co. 4%bond.s(C.P.Stock
Collateral).
$89,535,183 83
.
Hues:
Souora Railway
$292,02'<31
818,661 05
Expense.s of Southern Pacifio Co. (Table
No, 8 of pamphlet rep »ri) Expenses of steamship lines operated..^ 4,278,549 35
Interest on 8. P. Co. 6 jo steamship
Iniereston
Receipts of proprietary lines and miscellane 'US income of proprietary lom
itaiiles as siiown in derail on Table
No. 11 of pamphlet report ..
Receipts of the following non proprietary
Company and
AND PROPKIETARY
Nos. 9 and 12 of pamphlet report.)
Balance June 30. 1903, viz.:
Southern Pacific Company
$9,272,547 94
71,082,893 06
$80,355,441 00
Balance from income account (No. 2)
8,878,483 34
Annual contribution to Sinking Funds
$515,080 00
Income from Sinking Fund investments... 306,587 80
821,587 80
Proprietary Companies
.
306,144 40
1,968.000 00
-vdjustment in interest claims
120,000 00
Charges to capital account written ofi'
21,57125
Accounts written olT and other charges
94,435 46
Balance June 30, 1904, viz.:
Southern Pacific Company (No. 9 of
pamphlet report)
$9,997,194 63
Proprietary Companies
(No. 12 of
pamphlet report)
81,272.694 29 91,269,888 92
$94,436,487 90
Total
No. 6.— 3TOCK8, BONDS
Proceeds from sale of lands pledged for redemption of
bonds
Dividends on stocks owned
DlflFerenoe between cost charged on books and proceeds
realized from sale of property
Profits from sale of bonds and securities exchanged
Adjustmentof interest claims
Accounts written off and other adjustments
Advances to San Antonio & Aransas Pass Ry. Co..
charged in Income account, now credited und charged
to the San Antonio & Aransas Pass Ry. Co
1,000
105.341
120.000
135,918
00
56
00
96
651,704 59
$94,436,487 90
Total
AND PROPERTY OWNED.—SOUTHERN
1,399.01065
1,96S,000 00
P.4.CIFIC
COI?IPANY.
Deposited or hypothecated with Trust Companies against issue of Capital Stock of Southern Pacific Company, also under Mortgages of
Southern Pacific Company 4 and 4 ^ per cent bonds.
Face Value of
Face Value
or Band or of Capital Stock
issued and otiiCost of
stantiina
Property,
June 30, 1904.
,Slock
-Stocks deposited with Union Trust Co. of New Yokk City (under stamp prkscribed by New
York Stock Exchange), acquirkd against the issue of Capital Stock of the Southern Pacific
Company.
Galveston HarrisburK & San .Vntonio Ry. Co.— Capital Stock
Louisiana Western KR. Co.— Capital Stock
Moigan's Louisiana & Texas RR. & 8;*. Co.- Capital Stock.
Mexican International RR. Co.— Capital Stock
Southern Pacific RR. Co. (of Arizona)— Capital Stock
Southern Pacific RR. Co. (ot California)— Capital Stock
Southern Pacific RR. Co. of New Mexico— Capital Stock
Texas & New Orleans RR. Co.— Capital Stock
^27,005, 600 00
3.310,000
4,994,000
4,164,100
19,992,600
96,740,133
6,8H6.300
4,997,500
00
00
$27,0?4,3T2 00
3.36O.000 00
15,0(H).0()0 00
1«.70K,200 00
00:
00
19,995.000 00
00 101.4:4,160 00
6,8'^«,'<00 00
vO
00
5,000.000 00
$168,090,233 00 $197,460,532 00
with Union Trust Oo. of New York City, Trustees South brn Pacific Company, Four per cknt gold mortgage (Ckntral Pacific Stock Collateral).
II.— Stocks dkposited
Central Pacific Ry. Co.— Common Capital Stock
Central Pacific Rv. Co.— Four ptr cent cumulative Preferred St.iok
(also $67,200,100, face value, of the capital stock of the Central Pacific RR. Co.)
i
$67,274,200 00! $67,275,500 00
12,800,000 00
12,800,000 00
I
*80,074,200 00
$80,075,500 00
III— jTOCKS AND Bonds Deposited with Central Trust Co. of New York. Trustee Southern
f^ACIFIC Co., 2 5-YEARS FoUH and one half percent gold mortgage and PROPfiRTY htpothECATKK THKKKUNDER.
& North Western RR. Co.- Capital Stock
& Colorado Ry. Co.— Capital Stock
Central Texas & Northwestern Rv. Co.— Oapital Stock.
<^roaiwell Steamship Co.— C-ipital Stock.
Fort Worth
New Orleans Ry. Co.-Capital Stock
Galveston Houston <& Northern Ry. Co.— Capital Stock
Gila Valley (Jlohe & Nonhen Ry. Ca.— Capital Stock..
Houston East & W st Texas Ry. Co.— 'apital Stock...
Houston & Shreveport RR. Oo.—Capltal Stock
Austin
Carson
<fe
$1,005,000 00
4,375,000 00
195,000 00
995,t)00 00
00
00
00
00
395,000 00
295.000
198,000
1.097,000
1.905,000
$1,016,000
4.3^0,000
200,000
1,000.000
300,000
200.000
2,000,000
1.920.000
400,000
00
00
00
00
00
00
00
00
00
i
.
Nov.
CHRONICLE.
I'HE
20, 190-1.]
2469
Fact Value of
Stock or
Bond or
iJosl
<f
Property
Broufiht for war
Houeton & Texas Central RR. Co.— Capital Stock
Maricopa & Pticeaix & Salt River Valley RU. Co.— Capital Stock
$/o,46o,ooo 00
$Jt. 4/0,000 uo
f9,99>^,000 00
$10,000,000 00
1 ,000,000 00
2,500,000 00
tJO-,000 00
&
6,945,000 00
ll,9»-0,000
—
5,99:s,000
00
3,900,000 00
999,f)00 00
248,500 00
$64,124,300 00
1,530,00000
,
Carson & Colorado Ry Co. first mortgage 4 per cent bonds
Galveston Harrisburg & San Antonio Ry. Co. second moriguge, M. & P. extension 6 per cent bonds.
Galveston Harrisburg & San Antonio Ry. Co. 6 per cent equipment bonds
Galveston Houston <fe Northern Ry. Co. first mortgage 5 percent bonds
Gulf Western Texas & Pacific Ry. Co. first mortgage 5 per cent bonds
Hous on & Shreveport RR Co. first mortgage 6 per cent bonds
Houston & Texas Centra) RR. Co. Lampasas Extension 5 per cent bonds.
Maricopa <fe Phoenix & Salt River Valley RR. Co. first mortgage 5 per cent bonds
Maricopa & Phceuix RR. Co. first mortgage 6 per cent bonds
Sunset RR Co. firs mortgage 4 per cent bond.s
Texas & New Orleans RR. o. 6 per cent eq^ulpment bonds
Texas & New Orleans RR. Co. Dallas Division first mortgage 4 percent bonds
*11,208,000 00
$2,22^,501 00
8,8a7,693 53
•
«ll,064,i94 58
$87,926,494 55
-.
|
Total
'266,180,544 34
No. 10.- ASSETS
AND LIABILITIES-SOUTHERN PACIFIC COMPAMY.
LIABILITIES.
ASSETS.
June
Year
Tear end inn
Year end i'i<i
June
iO, 1904.
Jane
30, 1903.
Stocks owned deposited against the
Issue of capita', .stock of the Southern Paciflc Co., stocks and bonds
deposit A and property hypothecated under mortgages of Southern Pacific Co. 4% and 4.^% bonds
(No. 5)
$266,180,544 34
Fii«t mortgage six per cent steamship bonds ,.due January 1, 1911.
Four per cent gold bonds (Central
Pacific
stock
collateral)
due
$254,946,349 48
3.659,76175
1,044 00
$269,840,750 09
*258,607,155 23
$4. .548, 255 16
^2,321,885 77
1,774,721 29
493,691 50
3,"^17,587 25
Sinking Funds (No, 15)
Current Assets—
Bonds and stocH 8 owned (No. 6) ...
Agents and conductors
Loans aud bills rec Ivable
Cash
Individuals and companies.
Material, fuel and other supplies
1.528.939 58
540,279 41
6.425,188 3:i
57ti,70^
437,901 37
7,500,913 21
1,791,764 69
(jl
8,925,474 03
1,222,415 78
.
Government transportation...
.^197.849. 253 64
Capital stock
3,659,76175
444 00
Steamships
Auijustl, 1949
Two-five-year four and one-half per
cent gold bonds, due January 1,
1905
$18,238,468 08
$23,767,260 95
equipment
Rolling stock
Wood-preserving plant
property
$5,213,119
1.620,352
•239,488
432,570
4.298,428
Current LiabiliuesUnpaid dividends
interest coupons due, but not
sented
Intert-st
accrued
not due
Loans and
bills
to
62
66
90
63
3,513,223 30
10,072.344 07
299,123 Oq
321,589 05
$29,167,208 39
$25,711,116 54
and other
Proprietary Companies—
Galveston aarnsburg & San Antonio Ry. Co
Galveston Houston
Northero
Ry.(;o
Gulf We.stern Texas & Pac. Ry.Co..
&
West
& Texas Central
$52 ,172 41
$55.636 31
4.926, 045
6.268.107 22
1.063.784 70
Texas
RR. Co...
New York Texas & Mexican Ry.
Co.
Oregon * California RR. (^0
Pouthern Pacific Te.rminalCo
Texas & New Orleans RR. Co
176,033
118,107
229.769
5.583,690
45
87
35
26
25,291 39
982. 160
5.288, 655
818, 337
2,336, 2i2
2,314,763 96
$10,049 19
$10,099 19
423,712 47
1,396,577 50
175,839 12
1,403,762 50
.
2,597,953 '26
26,130,195 26
1,034,244 I3
5,525,782 54
payable
?J, 5
Total assets...
$£4,546,383 42
$225,678 35
333,000 00
$226,000 ro
368,000 00
$561,678 35
J 594,000
Liabilitiks -
Taxes estimated
to
June 30
Well8,Fargo (fe.Co.'sjexpress contract
Pbopkietary CompaniesCarson & Colorado Ry. Co
Central Pacific Ry. Co
Houston & Shrevepoit RR. Co
Houston & Texas Central RR. Co...
Louisiana Western RR. Co
Morgan's La. & Tex. RR. &SS. Co ..
Southern Pacitic RR. Co
Southern Paoiflo Terminal Co
$158,20389
5,143,12656
7,67164
$205,789 78
4,551,79006
12,293 16
174,84395
.
1,748,99153
9,510,39S90
12,54>i,5-<6
CO
25
1,516,019 10
7,000, S78 43
9,127,792 30
156,212 98
$29,268,19175
$22,539,41183
$1,656,881 74
$1,149,924 63
81,419 48
Contingent Liabilities—
Murine insurance fund.
Rolling stock replacement fund. ...
Floating equipment replacement
fund
Ropliiceraont aud renewal fund
Steamship iuRuranoo fund
Unad.justtid claims imd aecounts..
Unadjusted acoouats. Proprietary
Companies
1,110.14462
1,018,41303
535,702 64
1,378.433 91
1,603,686 91
975,058 3
1,067,'j59 90
121,84166
369,837 12
$4,517,633 64
$333,588,968 46 $311,659,187 53
Total liabilities
03
2,280,000 57
2,931,705 16
$4,470,068 18
$2,601, 188 91
$343,536,163 09
$320,931, :'35 47
•Advances for account of steamers
18
12
33
98
$321,388 34
19,461 94
IS.flOl
2,570,590
23,40H,721
885,418
6,090,v52
$37,118,514 35
$7,100,825 37
Rolling stock leplicoment
Aransas Pass Ry. Co.
56
53
$15,773,600 71
$16,340,875 43
Contingent Assets—
Inalvldiials and companies
41
01
29,418,500 00
30) but
97
386, 016 22
90S, 63i 61
."130.63236
29,618,500 00
20,000,000 00
Vouchers and payrolls
Deferrbd
2,144,0C0 00
pre-
1904
1,
June
$197,849,258 64
2,072,000 00
$249,411,758 64
..
Interest coupons due July
31
1,177,96491
2,501.14071
Direct Navigation Co
&
30, 1903.
30,000,000 00
Deferred AssetsOonstruotion advances
$10,840,412 80
Pacific Mail Steamship Co
1,149,838 11
"587,450 78
Indivldua s and companies
Investment in other properties
8,314 .479 26
Real estate and lands
4.296.768 52
Steamships and other
floating
&
Tear endiva
June
$259,539,753 64
Traffic balances
East
mding
30, 1904.
Capital Liabilitiks—
Capital Assets—
San Antonio
$313,818,733 00
11,208,00000
11,889,826 00
$336,916,559 00,1349,582,072 00
Cliarged on booh s
Houston
$72,046,040 00
00
00
00
00
00
00
142 000 00
1 156, 000 00
1,190, 000 00
Total face value of stocks deposited or pledged under mortgages
Totalface value of bonds aeposited and pledged under mortgages
Total cost of property hypothecated under mortgages
Ry.Co
500,000 00
fcOO, 000
Total property
HouHtoQ
1,000,000 00
2,224, 000
150. 000
425, 000
78, 000
539, 000
" El Dia,"
El Siglo" and "El Valle," costing
locomotives, 112 pass. -train oars. 5,694 1'ght-train cars of all kinds and 526 road-service cars, costing
Total stocks, bonds and property
S.
12,000,000 00
20,000,000 00
b,000,000 00
*2,000, 000 00
1,110, 000 00
1,394, 000 00
Total bonds.
Ocean stpamships, "El Alba,"
U.
> .3(1,040 00
7,fi00,000 00
$65,654,300 00
Total stocks
169
00
10,001,000 00
Total
Wells, Fargo &Co.'s Express— Capital Stock
insitrd and outsluiiditiQ
June 30, 1904.
489,300 00
2,500,000 00
Misi^ellaneoiis— Capital Stouk
New York Texas* Mexicau Ky. Co.— Capital Stock
California RR. Co.— Common Btook
Oregon
Oregon <Jt CallJornia RR. Co.— Preferred Stock
Mail
Steamship Co. Capital Stock
Pacme
South PaciHo ('oast Ry. Co.— Capital Htock
Southern Paciflc RR. Co. (of California) —Capital Stock
Southern Paoiflo Terminal Co.— Capital Stock
8uns3t RR. Co.— Capital Stock
Face Value
of Capi'al Stock
Korea" and
•Siberia."
Balance
to
credit of profit
Total liabllltleB
and
loss
.
$9,997,19163
$343,596,163 09
$9,2
7'2,.547
94
$320,931,735 47
.
.
THE CHRONICLE.
•i4/0
No. IS.— ASSETS— PROFRIETARY COITIPANIBS.
No.
[Vol. Lxxix.
14-LIABILITIES-PROPRIETAaY CO.tlPANIES.
A S8ETS.
LIABILITIES.
June
Capital Assets—
Cost of road and franchiHOS
KxpendilurtB for new Hues.
Total
30, 1901.
Total
Jutw 30, 1903.
Total
June 30, J 904.
Capital Liabilities$65fl,99P,003 73 $048,256,892 82
5, all, 132 85
6,716,466 55
Total
$662,812,136 58
SinkiuK funds, No. 15 of pamphlet
rpport
15,913,739 81
Land KF'nt atcoimtB, No. 16 of
pamphlet report
4,285,667 43
Trust funds. No. 17 of pamphlet report
416,293 97
i
554,973,359 37
15,486,436 04
5,057,774 13
237,704 16
Capital stock
$279,408,572 ()0 $27P,408,.572 00
Prefirred stock
24,r300,000 00
24,600,000 00
Funded and otler ftxed Interestbearing debt.Nf .4 of pimpulet report
278,398,960 92 268,834,635 82
Equipment trust obllgatloEs, No. 4 of
pamphlet lepoit
2,851,265 56
2,863,653 98
Thiee per cei-t nott s to U. S. of
America, No. 4 of pamphlet report. 29,406,357 60
35,287,629 36
.
Total
Total
Total
30, 1903.
June
$614,8f 5,156 28 $609,994,49114
$683,427,837 79*675,755,273 69
Ccrkent Liabilities—
Cdekent Assets—
Agei ts and conductors
LoaiiR and bills receivable
Cash
Individuals and companies
Mateiial, fuel and supi>lie8
Traffic lialances
Government transportation ...
Bonds owned. No. 6 of pamphlet
U. 8.
$268,304 31
112,^:4 99
:^30,85S 31
994,919 5S
3,532,4(«5 56
138,739 87
409,563 72
report
817,755 69
Cash and bonds deposited against
bonds eatlHfled of mortgage.
786,083 78
$416,4' 5
44,498
41' ,979
1.059,575
3,752,945
215,987
162,718
22
50
77
50
V4
63
49
1,309,735 83
$188,5 "0
324,776
177,27'
461,505
Individuals and companies
..
Traitlc balHnces
Coupons matured but not presented
Coupous due July 1st
Interest accrued to June 30th but
not due
Loans and bills payable
Vouchers and pay-rolis
Unpaid dividends
Bonds BatisHed of mortgage but not
$7,391,715 S4
$225,365 14
417,0
31
263,612 81
422,445 00
677,675 76
323,000 00
656,082 51
573,000 00
1,787,>^45 14
7,099 00
2,657,161 63
7,159 00
626,000 00
645,000 00
$4,.573,698 85
f5,86«,876 40
presented
808,503 78
Total.
Total
74
65
56
00
$8,187,409 96
Deferbed Liabilities—
Deferbed Assbts-
Individuals and companies
Individuals and companies
Land and other property
Stocks owned. No. 6 of pamphlet
report
$95,437 76
633,048 84
Unadjusted accounts
Taxes assessed, but not due
$81,044 08
6,307 50
231,457 45
$77,034 46
$112,938 81
5b9,86if 86
805,028 50
798,462 32
Sinking funds uninvested. No. 15 of
pamphlet report
111,11187
86,492 26
$429, 920 90
$378,811 48
$186,90S
855 405
221,715
4»,263
10,821
1,698,165
291,113
52,210
11,176
$1,507,83617
Total
$1,526,94892
Proprietary Companies—
Due from
Central Pacific Ry. Co
Direct Navigation Co
Galveston Harrisburg
tonio Ry.
Co
& San
*4,345 43
135,779 82
$8,9fi4 28
200,734 89
2,176,727 90
2,376,61118
..
An-
Galveston Houston & Northern
Ry. Co
Gulf Western Texas & Pao. Ry. Co.
Houston East & WestTexas Ry. Co.
Houston & Shreveport RR. Co
87,909 94
306, 37 01
29,319 74
& Texas Central RR. Co..
Louisiana Western KR. Co
Morgan's Loulbiana <fe Texas RR.
Houston
&S.
8.
Co
1,353,672 58
1,120,6-8 56
39,16ti24
New York Texas & Mexloan
Ry. Co.
Southern Paoitic Terminal Co
Texas & New Orleans RR. Co
341,353
Total
Due from Southern
Pacific
10,831 45
444,702 75
328,332 98
216,871 79
25,f>53 81
11,176 98
212,003 80
379,650 91
1,502,502 52
932,387 30
it7
1,276,097 88
$6,050,624 '9
$7,471,183 32
Company. $29,268,191 75 $22,589,411 83
Contingent Assets —
Individual companies ..
Renew aland replacement funds
Unadjusted accounts
Total
Pro/It and toss. No, 12, of
report
65
1,« 56 95
501,637 27
$415,97182
$946,562 87
$670,345 21
$11,813,461 26
$11,352,862 16
f 443,268
6,468 20
247,905 19
pamphlet
$740,631,657 66 $727,553,440 09
Total Aiseta
Total.
Proprietary CompaniesDue to Lirt ct Navigation Co
Galves. Harrish. & »an Ant. Ry. Co.
Galves. Hoiis. & Northern Ry. Co..
Gult Wt s^ Tex. & Pacific Rv. Co ..
Hous. East & West Texas Ry. Co...
Houston
Hoi ston
& HbreveportRR. Co
& Texas Central RR. Co..
2i»,319
& Vermilion RR. Co
Louisiana Western RR. Co
Morgan's I a. & Tex. RR. & S8. Co..
New York Texas & Mex. Ry. Co
Southern Pacsitic hR. co
Southern Pacific Terminal Co.
Texas & New Oileans RR. Co
Company...
197
72,253
450,723
9H4,171
109.051
8,964
64
74
95
47
05
28
3,273,704 92
3,044.160 91
$7,198,336 82
$16,340,875 48
$15,773,60d 71
$1-22,P07 58
307,5S4 18
$76,384 65
331,89,,; 08
4,2~5,667 43
575,6^0 50
5,057,774 13
$5,291,689 69
$5,905 562 74
$93,086,155 55
$32,435,755 22
Contingknt Liabilities—
Indlvldials and companies
Unadjusedacooums
Principal of deferred payments on
land contracts
Renewal and rejlacement funds
Total
Profit and lots, Ifo. 12 of
report
$246,602 97
66
H4
52
98
24^,930 36
135, S77 40
4,345 43
7,470 88
3,462,586 93
Total
Pacific
22
25
74
105,193 P4
732,761 79
Iberia
Due to Southern
86
67
54
215,'284 74
439,51148
pamphlet
$740,631,657 66 $727,553,440 09
Total liabilities
AND PROFIT AND LOSS.
companies in which the Southern Pacific Company has a Proprietary interest
No. 35.-COMBINED STATEMENT OF INCOME ACCOUNT
Of Southern Pacific
Compau}
and of
all
South. Pacific
Oo.
Total.
Average miles
Miles of water
and Pr^pn-
etary Vomp'niet.
(Tobies No*.
8,9, 11 and 12.;
9,15014
aUa
Valley
Globe <t
9,024-59
4,895 00
125-55
$96,848,790 3^ $92,942,630 78
411,P4-»14
411,648 4
30P,587 80
312,587 80
4,303,234 26
4,140,580 88
1,S99,010 i 5
1.399,010 65
256,918 96
256,918 96
$467,046 81
of rail lines operated.
lines
15,7160.
Pacific
Ma il
yorihem Ky. Steamnhip
Oo.
10,821 00
Receiptf—
Gross transportation receipts
„
Rentals for trackage, other property and facilities
Interne from sinking fuude pledged for redemption of bonds
Miscellaneous receipts
Proceeds from sale of lands pledged for redemption of bonds
Accounts written ofl' and other adjustments
Receipts of Southern Paoitlo Co. from sources other than from the operation
-
2,737,623 10
of leased lines
162,653 38
2,737,623 10
$106,269,813 29 $102,195,000 31
Total receipts.
$3,439,112 79
6,000 00
$473,046 81
$3,601,766 17
$3,112,144 52
Disbursements—
Operatina expenses
Taxes, rentals for trackage, other property and facilities
Interest on tunded and other fixed Interest-bearing debt of Southern Pacific
$66,488, "96 82
4,62»,'202 87
$63,179,593 53
4,610,119 08
$197,058 77
18,083 79
Co. and Proprietary Companies
Interest on loans and on open accounts, expeises of land department, taxes
16,670,903 77
16,595,328 77
75,675 00
2,502, 4?3 85
2,50?,4'23 85
279,185 97
250,621 46
24:^,068 97
on granted
lani's
and miscellaneous expenses
Miscellanco'i- expeiis-
s
Accounts written ofl' and other charges
;
Dlffereuc between cost, charged on books and proceeds from sale of steamsUips and other property
Dividends on preferred stock of Central Pacific Ry. Co
Expenses of Southern Pacific Co. for insurance on steamships, taxes and all
other expenses, except for deficits in operation of leased lints and iLterest
oil funded debt
Balance of unfunded discount and prcnlums on capital issues written off
Betterments and additions paid from income
Deduction for annual depreciation of rolling stock owned by South. Pacific Co.
Total disbursements
Balance, surplus
472,276 11
1,96'-, 000
00
447,127 14
647,535 -15
119,417 05
«i01,138
*f<
6'-
5, 105,629 171
$11,164,184 12
34,629 19
1,830 73
2,575 89
307,994 56
242,726 05.
4,976 60
164,281
55.
1,968,000 00
444,127
647,535
113,593
601,138
14
45
17
5,823 88
6&
$91.280,552 39
$300,948 06
$3,524,128 72
$10,914,447 92
$172,098 75
$77,637 4»
——
:
Nov.
:
THE CHRONICLE.
26, 1904.)
BALTIVIORE
2471
& OHIO RAILROAD COMPANY.
SEVENTY-EIGHTH ANNUAL REPORT -FOR THE YEAR ENDED JUNE
30,
1904.
Office of the Baltimore & Ohio Railroad Company,
Baltimore, Md., October 1, 1904.
To
The Baltimore
The President and Directors submit
the Stockholders of
June
d-
Ohio Railroad
Company:
the following statement of the affairs of the
Company
for the year
ended
30, 1904
The
from operation on the entire system were
results
(Percentage
Earnings.
Miles.
Expenses.
of
Expenses
to
Earnings.
The Baltimore and Ohio Railroad, including Baltimore and Ohio
Southwestern
455.74
$65,071,080 80
4,319,193 69
$43,628,863 70
3,489,458 62
4,442.35
$69,390,274 49
$47,118,322 32
3,986.61
•Controlled or Affiliated Lines
Grand Total
as shown in detail in the following tables, the distribution
of operating expenses observed being that of the Interstate
Commerce Commission.
On
July
1,
&
1903, the operations of the Ripley
Mill
Creek Valley Railroad were merged with those of the Ohio
River Division of the Baltimore & Ohio, its entire Capital
Stocli, with the exception of a few scattering shares, having been acquired by your Company. The Baltimore & Ohio
figures for 1904 in this report, therefore include the Ripley
Mill Creelc Valley operations, which for 1903 appear in the
returns for the Affiliated Lines.
&
THE BALTIMORE & OHIO RAILROAD.
operating results for the year ended JUNE 30, 1904, IN
comparison with the year ENDED JUNE 30, 1903.
From —
Earnings
Freight
Passenger
Express
1904.
Earnings
Gross
Inc. or Dec.
1903.
28
70
37
$860.852
625,400
76,777
31,927
26,429
12
78
18
27
.$47,756,25116
12,520,987 92
1,189.812 96
1,353,871 65
628,679 68
Inc.
Inc.
Inc.
Inc.
Inc.
$65,071,080 80
$63,449,633 37
Inc. $1,621, 447 43
$48,617,103
13,146,448
1,266,620
Transportation of Mails
1,385,799
Miscellaneous Sources.
655,109
41
53
59
Maintenance
of
Way
and Structures
Maintenance of Equip-
ment
Conducting
$6,175,115 61
Inc.
$612,724 98
10,374,591 23
8,270,156 53
Inc. 2,104,434 70
24,761,628 17
1,704,803 71
23,653,780 40
1,470,91105
Inc. 1,107,847 77
Inc.
233,892 66
$43,628,863 70
$39,569,963 59
Inc. $4,058,900 11
Transpor-
tation
General Expenses
Total Expenses
Net
$6,787,840 59
Earnings
....
from
Operation
$21,442,217 10 $23,879,669 78 Dec.$2,437,452 68
Percentage of Expenses
Earnings
67.05
62.36
4.69
to
LINES AND MILEAGE INCLUDED IN PRECEDING STATEMENT.
Miles of Line.
Baltimore and New York
Main Line System
(Excluding Valley Railroad of Virginia.)
6.30
1,037.83
Wheeling System
752.29
(Excluding Cleveland Terminal and Valley and Branches;
Cleveland, Lorain and Wheeling and Branches; Ohio and
Little Kanawha, and Ravenswood, Spencer and GlenvUle.)
Pittsburg System
Crhlcago Division
Baltimore and Ohio Southwestern System
Total
923.06
282.47
985.66
3,986.61
67.05
80.79
$22,271,952 17
67.90
It will be noted that the increase in earnings of the
Baltimore and Ohio lines proper, as compared with the year
ended June 30, 1903, has been more than overcome by the
increase in operating expenses. This resulted in a decrease
in net earnings of $2,437,452.68.
The steady increase in earnings which obtained during
the early mouths of the current fiscal year was checked by
the marked decline in business activity which succeeded and
prevailed to the close of the year, culminating in a partial
suspension of operations on the part of iron, steel and other
manufacturing industries. The freight earnings of the latter
portion of the fiscal year were also seriously affected by the
delay in the resumption of lake traffic caused by differences
between the lake carriers and their employes. It is to be
observed, however, that the general commercial and financial
situation justifies a most hopeful view for the coming year.
While the traffic conditions for the last half of the year
were less favorable than had been anticipated, the liberal
l)rogramme for maintaining and improving your property
was fully carried out, the increased expenses in Maintenance
of Way being largely due to the extended programme for
and repairs
ballast, ties
and culverts.
Equipment were increased
to bridges
The expenses of Maintenance
Eixpenses For
|
$21,442,217 10
820,735 07
of
by the charge of $600,142 to account of depreciation of equipment, as announced In the report of last year, and $121,283
in the adjustment of value of the equipment of the Pittsburg
& Western, taken over by your Company these items find
no counterpart in the expenses of 1903.
The gener.'il increase in wages has served to add to the
cost of operation and is reflected in the expenses of all departments of your service.
In addition, the expenses of
Conducting Transportation were seriously affected by the
unprecedented weatlier conditions which prevailed during
January, February and March, 1904, delaying the movement
;
and resulting in increase(l payments to employes
and increased consumption of fuel.
The General Income Account of the Company for the year
shows the net income, after payment of interest on the
funded debt, taxes and all other fixed charges, to have been
$12,357,360.23.
Against this there were charged dividends
of four per cent, on the preferred and two per cent, on the
common stock (the dividend on the common stocic of two
per cent, paid March 1. 1904, having been charged against
the surplus as of June 30, 1903), together with $2,000,000
ment, as announced in the report of last year, and $121,283
of traffic
OPERATING RESULTS FOR THE YEAR ENDED JUNE 30, 1904, IN for extraordinary con.struction expenditures in the way of
COMPARISON WITH THE YEAR 1903, OF LINES CONadditions and improvements made during the year, also cerTROLLED BY OR AFFILIATED IN INTEREST WITH
tain miscellaneous improvements and betterments and exTHE BALTIMORE AND OHIO RAILROAD SYSTEM.
penses for topographical and right-of-wa.v surveys and maps
Earnings From
1904.
1903.
Inc. or Dec.
which were not deemed properly chargeable to the Expenses
Freight
$3,616,456 75
$3,940,796 18 Dec. $324,339 43
Passenger
Express
Transportation of Malls
Miscellaneous Sources.
Gross Earnings....
Expenses For
Maintenance
of
Way
and Structures
Maintenance of Equip-
ment
Conducting
tation
Total
Dec.
$4,319,193 69
$4,729,042 99
Dec.
$409,849 30
$742,331 13
$551,941 01
Inc.
$190,390 12
660,434 47
526,973 74
Inc.
133,460 73
1,969,246 28
117,446 74
1,998,394 01
92,729 68
Dec.
Inc.
29,147 73
24,717 06
$3,489,458 62
$3,170,038 44
Inc.
$319,420 18
$829,735 07
$1,559,004 55
Dec.
$729,260 48
67
12
65
70
572,262
38,010
43,548
133,826
24
27
Dec.
Inc.
Inc.
Expenses....
Earnings
from
Operation
Percentage of Expenses
to Earnings
80.79
67.03
13.76
LINES AND MILEAGE INCLUDED IN PRECEDING STATEMENT.
Miles of Line.
Valley Railroad of Virginia
Ravenswood, Spencer and Glenvllle Railway
Cleveland Terminal and Valley Railroad
Cleveland, Lorain and Wheeling Railway
Ohio and Little Kanawha Railroad
Total
of Operation or Capital Account, leaving a net surplus for
the year of $5,472,119.03 to be carried to the credit of Profit
and Loss Account.
In addition to the two per cent, dividend on the common
stock paid March 1, 1904, as above mentioned, there have
been charged to Profit and Loss Account during the year
discounts and commissions on securities sold, which in
previous years were deducted from income the depreciation resulting from a revaluation of your marine equipment;
and the extraordinary expenditure made necessary in fitting
up temporary general offices for the Company by reason of
the disastrous fire of February 7. 1904 together with balances resulting from the adjustment of sundry accounts.
:
Transpor-
General Expenses
Net
30
00
51,569 67
1,324 85
3,800 25
39,065 30
520,692
39,935
47,348
94,760
62.12
32.40
91.89
195.07
74.26
465.74
;
GENERAL INCOME ACCOUNT OF THE BALTIMORE &
OHIO RAILROAD COMPANY.
(INCLUDING BALTIMORE AND OHIO SOUTHWESTERN RAILROAD COMPANY), YEAR ENDED JUNE 30, 1004, IN COMPARISON WITH THE YEAR ENDED JUNE 30, 1903.
Earnings—
Freight
Pa-ssenger
»
Express
Mail
Miscellaneous
Gross
Earnings
1904.
$4.S.017,103 28
13.140.448 70
1,266.620 37
I,38.'>,7n9 IS
655.100 27
$65,071,080 80
Inc. or Dec.
ln0.^.
$47.7r.6.2.M
10
Inc.
12.5'JO <tS7
1. l.SO.Sia
92
96
Inc.
05
028.079 08
l,.^.-:i.871
$63,449,633 37
Inc.
Inc.
Inc.
$860.862 12
02.">,400 78
70.777 41
31.927 6.1
20.429 69
Inc. $1,621, 447 43
—
:
:
..
:
THE CHRONICLE.
2i72
KxpensfiB—
Maintenance of Way
and Structures
Maintenance o( Equip-
ment
1904.
1903.
$6,787,840 59
$6,175,115 61
Inc.
10,374,591 23
8,270,156 53
Inc.
Inc. or Dec.
erly chargeable as
$612,724 98
2,
Philadelphia Division
Jialtlmore Division
23,653.780 40
1,470,91106
Inc. 1,107,847 77
Inc.
233,892 66
$43,628,863 70
$39,669.963 69
Inc. $4. 058, 900 11
$21,442,217 10
$23,879,669 78
Dec. $2, 437, 462 68
General Expenses
Expenses...
Operating
Net
Earnings
Operation
from
Other Income
Dividend and Interest
on Securities Owned.
Western Union Telegraph Co. Annuity...
House Rents and Miscellaneous
$2,285,646 42
$1,284,473 09
60.000 00
60,000 00
Receipts.
Inc. $1,001, 173 33
37,573 89
302.950 99
265,377 10
$2,648,597 41
$1,609,850 19
Inc. $1,038. 747 22
.$24,090,814 51
$25,489,519 97
Dec.$l,398,705 46
Inc.
The general
Cumberland Division
Monongah Division
Wheeling Division
24,761,628 17
1,704,803 71
tation
tion.
104,434 70
Transpor-
ConductlnK
Vol. LXXI3L
an «'Xi»ensc incident to operadistribution as to locality was:
Ohio River Division
OonnellsvlUe DIvlsloo
Pittsburg Division
Butler Division
New Castle Division
Newark Division
Chicago Division
Southwestern Division
'
$6, 131
45
94,563
39,068
48,581
71,417
17
12
21
98
16,.368 26
20.918 08
.'j2,082 34
594 25
5,979 15
27,817 76
1,70S 50
23,420 11
Total
$408,650 32
The commodious export and import pier at Locust Point,
of which mention was made in the report of last year, was
put into service on April 25, 1904, but some dredging is yet
to be completed.
Income.
Gross
Deductions from Income
Earnings, Washington Branch,
(included
in
System
Earnings)
Interest and Rentals.
Net
Taxes
$372,436 50
9,627,851 19
1,305,510 32
$386,858 56
8,934,919 27
1,239.725 92
Dec.
Inc.
Inc.
$14,422 06
692,931 92
65,784 40
Miscellaneous Improve-
ments
408,650 32
573,374 32
Dec.
164,724 00
19,005 95
22,882 68
Dec.
3,876 73
513,595 80
Dec.
513,595 80
The work on the Marriottsville Tunnel was finished in
December, 1903, and Paw Paw Tunnel is now nearing com-
$62,097 73
pletion.
Topographical and Right
of Way Surveys and
Maps
Discount and Commission
Securities
on
Sold
Net Income
$11,733,454 28
$11,671,356 55
Inc.
$12,357,360 23
$13,818,163 42
Dec.$l,460,803 19
From
the
this Net Income for the Tear
following amounts have been deducted:
$12,357.360 23
Appropriation for Additions and Improve-
ments
$2,000,000 00
Dividend on Preferred Stock,
2 p. c. payable March 1,
$1,200,000 00
1904
Dividend on Preferred Stock,
2 p. c. payable Sept. 1, 1904 1,200,000 00
Dividend on Common Stock,
2 p. c. payable Sept. 1, 1904 2,485,241 20
6,885,241 20
4,885,241 20
Leaving Surplus which has been carried to Profit and Loss
Amount to Credit of Profit and Loss, June 30, 1903
$5,472,119 03
5,506,647 33
$10,978,766 36
Total
Dividend on
March
1,
Common
Stock,
2
p.
c.
paid
1904
Discount and Commission on Securities sold
Marine Equipment, Depreciation
Rehabilitating General OfBces, account fire
Sundry Adjustments, net balance
Amount
to Credit of Profit
$2,485,241
842,000
157,743
108,950
72,875
and Loss, June
30,
20
00
14
96
29
.$3,666,810 59
1904
$7,311,965 77
CONSTRUCTION AND BETTERMENTS.
The aggregate expenditures for Construction and Betterments for the twelve months have been
For the twelve months ended June 30, 1903, they were.
.
An
The iiui)rovements at Union Dam and Ilchester were completed in May, 1904, which completes all of the extensive
improvements, so far undertaken, between Relay and Brunswick.
The construction work undertaken on the Cherry Run
& Potomac Valley Railroad Line, between Cherry Run and
Wilsons, W. Va., was completed to the connection with the
Cumberland Valley Railroad at Berkeley, W. Va., and put
into operation in December, 1903. The right-of-way for the
extension of this line from Wilsons to Harper's Ferry, W.
$11,552,53 78
8,999,309 28
.
$2,552,744 50
Increase of.
The
shown
detail of the $11,552,053.78 expended is
in the statement of "Analysis of Construction Charges" (Table 7), which gives the character of the expenditures and the points at which
they were made. The general distribution as to
locality was
New York Division
Philadelphia Division
Baltimore Division
Cumberland Division
Monongah Division
Wheeling Division
Ohio Itiver Division
(Credit)
Connellsville Division
Pittsburg Division
Butler Division
New Castle Division
Cleveland Division
.
Newark
Division
Chicago Division
Southwestern Division
Total
$4,720
44,100
1.731,550
661,709
822,546
105,402
20,217
776,199
1,647,675
6,873
3,503,179
1.441,389
100,685
38,699
656,545
81
69
15
57
12
12
39
10
76
49
51
15
82
73
99
$11,552,053 78
Va., has
been purchased.
The construction
of the single track, 12.6 miles,
ley Junction to Buckhannon,
and will be put into operation
W.
from Lem-
Va., is nearing completion,
during the early fall.
For construction of the third and fourth tracks between
McKeesport and Wheeling Junction most of the right-of-way
has been purchased, and the construction is progressing.
The new yard at Demmler is nearing completion.
At Pittsburg the extension of the bulk freight yard,
known as Try Street Yard, has progressed satisfactorily.
The 38 miles of second track on the Connellsville Division,
between Rockwood and Indian Creek, has been completed.
The second track on your New Castle Division between New
Castle Junction and Struthers, is nearly completed.
The work of revising and improving the line between
Haselton and Cuyahoga Falls, Ohio, has been progi-essing
steadily during the year, and will be finished during the next
twelve months.
The second track, between Chicago Junction and Nova,
23.5 miles, has been completed and is in use.
At Bellaire, the high level approach to the present Ohio
River Bridge has been progressing steadily, and will be
completed during the coming year.
The Medina Cut-Off has been completed, and the extensive improvements undertaken south of Holloway have progressed and will be completed during the coming year.
The extensive yard work undertaken at the five terminal
points, Keyser, Fairmont, Connellsville, New Castle and HolThe improvements at Glenloway, have been completed.
wood are nearing completion.
At your Mount Clare shops, further additions have been
made, and much new machinery has been installed.
The most important strengthening of bridges done during
the year was Benwood Bridge, making it available for the
The work of strengthening Parkersburg
heaviest power.
Bridge is now under way.
At Cincinnati the following work has been completed: A
six-stall roundhouse with an 80-foot turntable, oilhouse.
link-belt coaling plant, sandhouse, electric cinder crane and
a three story building for power house, machine shop, office
and use by trainmen.
The following work is nearing completion
Outbound
freighthouse. 1.097 feet long by 30 feet wide, and inbound
freight and storage house 1,277 feet long by 48 feet wide, and
:
five stories high.
The yards have been rearranged, affording ample
way
for the out-bound freighthouse
tracks for 48 cars.
drive-
and securing increased
There were 726.67 miles of track ballasted 41,847.11 tons
and
of steel rail laid of 100 and 85 pounds to the yard
1,623,683 new crossties used in renewal and construction.
In order to meet the increased demands of industrial establishments on your lines, and to provide for facilities for the
movement of traffic, 154.68 miles of sidings were built. There
were added during the year to your system
19.22 miles of main track.
53.06 miles of second track,
.70 miles of third track.
.70 miles of fourth track.
;
;
Which amount was charged
Capital Account, Cost of Road
Capital Account, Cost of other roads owned by B. & O.
R. R. Co
Railroads in General Account
Income Account, being the appropriation out of Surplus
Income of the year
Total
In addition to tie foregoing, there was charged
direct to the Income Account of the Company during the year the sum of .$408,050.32, the character
of the expenditure and the locality being given in
statement of "Analysis of Miscellaneous Improve-
ments Charged to Income" (Table 8.) These improvements were in the nature of substantial betterments and additions to the property, and were
not capitalized, nor were they considered as prop-
$3,754,814 15
470,257 27
5,326,982 36
2,000,000 00
$11,552,053 78
WASHINGTON TERMINAL.
of the new Union Passenger
The construction
Station at
Washington. D. C, and the changes and improvements connected therewith, as explained in the report of last year,
are steadily progressing, the expenditures of the Washington
Terminal Company to June 30. 1904, aggi-egating .$2,731,624.51, which are being met by your Company and the
Philadelphia. Baltimore & Washington Railroad Company.
Several years will lie required to complete this work.
—
:
:
—
:
:
: :
:
:
:
EQUIPMENT— LOCOMOTIVES AND CARS.
During the year the following new rolling equipment was
added to your service 110 Locomotives, 82 Passenger and
125 Freight Cars, 1 Derriclc and 1 Unloader, the total equipment as of June 30, 1904, being
:
Locomotives and Spare Tenders
Passenger Car Equiplnent
Freight Car Equipment
Service Car Equipment......
1,848
1,214
82,026
1,736
250 Refrigerator Cars, 36 feet long, 60,000 lbs. capacity
1,000 Gondolas, 40 feet long, steel frames, wooden sides.
,
Estimated cost
1,848
Freight.
49,722
10,976
15,290
6,038
Service.
1,301
236
63
136
82,026
1,214
1,736
as further explained below and in Table 18 of this report.
MARINE EQUIPMENT.
The amount
Rosebank
Car Float No. 161N
No. 162N
for record value of
$481,481 46
600,142 00
1,081,623 46
being the value, June 30, 1904, of
828 Passenger Cars,
51,023 Freight and Service
and 10 Spare Tenders.
1,147 Locomotives,
4 Electric Motors,
Cars,
of equipment ($1,081,623.46), less
salvage, has been charged to Operating Expenses for the
year.
NOTE. 4 Passenger Coaches were changed to Service Cars during
—
the year.
this
Company during
the
year was
Locomotives
$1,870,115 75
equipment supplied to June
LOCOMOTIVES.
30, 1904.
Engines
,$5,703,150 34
PASSENGER EQUIPMENT.
25
00
10
$408,104
44,058
122,630
70,385
5 Dining Cars
00
645,177 35
FREIGHT EQUIPMENT.
3,800 Box Cars
1,200 Flat Cars
6,000 Steel Hoppers
4,000 Steel Gondolas
40 Side Dumps
48
62
$2,996,162
983,079
6,468,031
3,325,460
29,800
163,030
Gondolas
250
50
00
00
97
13,906,164 57
Steam Shovels
1
1
1
Steam Ditcher
Steam Wrecking Crane
Pile
^.
Driver
90
00
00
00
$15,614
5,300
4,000
11,000
27 Box; 20 Flats; 11 Ballast, and miscel-
laneous
Work and Maintenance
Cars
19,925 27
NOTE. —2
year,
1003, of
55,840 17
$20,370,632 43
Total
the
Parlor and Cafe Cars were changed
and adjustments made reducing the
Locomotives
Passenger Cars
to
Dining Cars during
as of June 30,
cost,
$7,475 00
360 75
$7,835 75
Referring to Table 18, Seventy-seventh Annual Report, it
will be seen that the entire equipment in service June 30,
comprised
196 Locomotives,
Service Cars
108 Passenger and
11,584 Freight and
.$5,054,422 34
There have been charged
to this account during the fiscal
year
Through purchase and construction at Conipan.v's works:
1 Locomotive.
1 Derrick and 1 Unloader
15,726 66
$5,070,140 00
Credits have been
made
for the record value of
3 Locomotives. 1 Passenger Car and 374 Freight and
Service Cars, "put out of service" through condemnation, wreck, fire, sale and destroyed on foreign roads..
$5,586,531 64
Locomotives.
197 Passenger and
2,300 00
has been charged to Profit and Loss. An annual allowance
for depreciation will hereafter be made and the amount
charged to Operating Expenses of the current year.
INSURANCE FUND.
The statement
of the operations of the Insurance Fund
39.
This fund was established December 31, 1901, and the Assets as of June 30, 1904, are
valued at $476,015.32, an increase of $42,575.92 as compared
with the previous year, notwithstanding the severe losses
which occurred during the year.
The contributions made to the fund during the year have
been charged to Operating Expenses.
found on page
—
Relief Department. The report of the Relief Department
for the twelve months ended June 30, 1904, will be printed
for distribution to the members. The operations of the Department, covering the Relief, Savings and Pension Features, are shown in the statement found on pages 40-42^
(see pamphlet report).
The Pension Feature is entirely
maintained by contributions from the Company, and not by
contributions of its employes.
The Relief Departments of the Pittsburg & Western and
Pittsburg Junction Railroads have been consolidated with
that of the Baltimore & Ohio Railroad Company, members
of the former having assigned their respective interests to
the latter.
11,212 Freight
Richmond-Washington Line. In accordance with agreement made between the proprietary roads and for the purpose of double tracking and otherwise improving that line,
your directors have approved the making by the RichmondWashington Company of a mortgage for $11,000,000, and
have authorized your officers to execute the guarantee of
this Company upon the bonds secured thereby as they may
be i.ssued from time to time, a similar guarantee to be
placed upon these bonds by the Pennsylvania Railroad Company, Atlantic Coast Line Railroad Company, Southern
Railway Company, Chesapeake & Ohio Railway Company,
and the Seaboard Air Line Railway Company.
Baltimore Fire. The City of Baltimore was visited with
a most disastrous conflagration on February 7, 1904, which
was not subdued until the evening of the following day. after
having destroyed a large portion of the business section <5f
the city, including the substantial oftice building of your
Company.
The general books of the Company and many other valuable papers were removed, but it was imi)ossibIe to save all
the records, and there was considerable loss in the way of
detail.
No seriou.s interruption to the business occurred, as the
situation was met by prompt and energetic efforts on the
part of the officers and cmi>Ioyes.
Teii'iiorary offices were pr()mi)tly secured and fitted up for
the .Severn departments, and the expense incident thereto
1
83,617 36
being the value June 30, 1904, of
1&4
$160,043 14
—
The Baltimore at'd Ohio Souihwestem RR. Co.
1903,
ation of
This amount less the value of one scow and one pile
driver, not previously included in equipment account..
—
SERVICE EQUIPMENT.
2
160,043 14
$728,489 89
value of
steam Lighters and Tugs, 3 Pile Drivers, 104 Barges,
Floats and Scows, 1 Wharf Boat.
No allowance for depreciation in the value of Marine
Equipment having been made since 1897, a revaluation
was made as of June 30, 1904, resulting in a depreci-
will be
Southw(stern Equipment Company.
54 Coaches
3 Cafe and Parlor Cars
26 Combination, Baggage and Mail
Total value Marine Equipment June 30, 1904
$157,743 14
The amount of reduction
361
30, 1904,
11
$31,032,617 18
total
101,065 00
$888,533 03
I)eing the
21
making the
1
There has been credited this account as of June
account depreciation of this equipment
$32,114,240 64
109
A
Driver No.
Total
659,488 56
The equipment supplied through
00
00
00
00
00
00
.30,000 00
30,000 00
500 00
1,800 00
$10,051
7,681
7,683
4,450
4,450
4,450
Voughiogheny
Pile
Coiu-
82 Passenger and 120 Freight Cars
.
$787,468 03
year for construction of the following
Lighter Allegheny
Patuxent
Scow
made
representing the value
shown on General Balance
Annual Report was
Clifton
to this account during
Locomotives, 16 Passenger and 2,004
Freight and Service Cars, "put out of service" through condemnation, wreck, sale,
fire, and destroyed on foreign roads
and for depreciation of Freight Equipment.
30, 1903,
Stapleton
$31,454,752 08
the fiscal year
at
June
of Marine Equipment as
Sheet, of Seventy-seventh
:
1,168 Locomotives. 766 Passenger cars, 10 Spare Tenders,
4 Electric Motors, 52,903 Freight and Service Cars
at debit
There have been debited this account during the
Referring to Table 18. Seventy-seventh Annual Report, it
will be seen that the entire equipment owned by the Company in service June 30, 1903, comprised
Through purchase and construction
pany's works
$1,098,875 00
policy outlined last year of providing annually for the
depreciation of equipment, in order that current years may
contribute equitably thereto through the Operating" Expenses,
will be continued.
The Balhmore and Ohio Railroad Company.
There have been charged
$299,375 00
799,500 00
The
Locomotives and
Spare Tenders. Passenger.
828
1,161
Baltimore % Ohio R. R
194
197
Bait. & Ohio Southwestern R. R.
.361
Southwestern Equip. Company..
88
132
101
Affiliated Lines
Total
2473
The amount of reduction for equipment ($83,617.36), less
salvage, has been charged to Operating Expenses for the
year.
Your Board has authorized for delivery during the coming
year the purchase of additional freight equipment consisting of:
carried in the following accounts:
Credits have been
:
THE CHEONICLE.
:Nov. 26, 1904.1
and Service Cars.
has been charged to Profit and Loss.
Your Company also lost by the fire the freight stations
and warehouses and i)iers at Spear's Wharf and Centre
station, together with some \;arehouse and other property,
—
11
THE CHRONICLE.
2474
I
Vol. Lxxii.
The President and Directors take great i)lea8ure in aciaiowledging the faithful and efficient services of the officers
and employes during the past year.
By order of the Board,
wLich had been acquired
in previous years iu counectlou
with contpuiplatod improvenieuts.
total loss to the Company will apiu'oxiiiiate $1,000,but pendintj the final disposition of the i)ro[)erty, no
adjustuKMit of tlio actual loss can be made.
When this Is
ascerlalnod, the amount will be charged to Profit and Loss.
The
000,
OSCAR
G.
MURRAY,
President.
GENEUAL. BALANCE SHEET YEAR ENDED JUNE
30,
1904.
Comparison with
June 30, 1903.
Increase.
Decrease.
CAPITAL ASSETS.
Cost of Road Including Bonds and Stocks pledged with Trustees as security for
Funded Debt issued
Real Estate
$291,645,958 54
Miscellaneous
Property at Washington,
D.
$4,808,937 06
$11,756,086 38
1,897,517 72
C
17.940 08
715,004 23
10
667,723 34
13,6.-)3,604
Gas and
Electric Plants
,
1,875 43
Equipment:
$31,032,617 18
728,489 89
Rolling Stoclc
Marine
Equipment.
Cost of other roads owned by the Baltimore & Ohio Railroad Company
New Bonds and Stocks held to retire old Bonds and Stocks, as per plan
$422,134 90
58,978 14
31,761,107 07
13,296,306 20
1,465,347 87
of
reorganization
263,722 40
7.715 00
Total.
$351,288,421 65
MISCELLANEOUS ASSETS.
paid in advance
Cash in hands of Fiscal Agents to pay outstanding coupons
"Washington Terminal Advance Account
Balance due from other roads in general account
Insuran ce Fund
Interest
$12,724 67
10,471 24
9,224 SO
1,123.444 74
8,130,796 21
428,406 11
4,884,030 87
6.460 00
250,000 00
10,373,079 38
Southwestern Equipment Company Loan Account for purchase of equipment.
1,862,280 00
Total.
19,899,269 80
CURRENT
Cash Assets:
Cash on hand and
in
ASSETS.
banks...
$14,701,565
3,230,872
1,211,625
7,983.000
Balances
Agents'
Traffic Balance
Bills and Accounts Receivable...
1,157,126 00
1,379,052 52
130,961 49
10
17
1,402,885 69
$27,127,063 34
13,645,720 70
Bonds of Sundry Companies
Stocks of Sundry Companies
Stock of Southwestern Equipment
Material on hand
41
66
$33,395,804 74 ?
9,997,553 05 5
drnpany
|
1,084.574 21
43,393,357 79
4,618,167 38
',
4,616,740 42|'
Total.
219,461 88
88,782,882 25
I
$459,970,573 70( $15,748,881 82
CAPITAL LIABILITIES.
Capital Stock:
Preferred
Common
$50,982,751 SI
124,262,060 00
.
$608,462 50
Funded Debt:
$184,244,811 81
Prior Lien Three and One-half Per Cent. Bonds
First Mortgage Four Per Cent. Bonds
Pgh. Jet. & Mid. Div. Prior Lien Three and One-half Per Cent. Bo"<3s.
Southwestern Div. Three and One-half Per Cent. Bonds
•••
Ten Year Gold Con. Debenture Four Per Cent. Bonds
Pitts., Lake Erie & W. Va. Four Per Cent. Refdg. Bonds
•
•
•
$73,000,000
70,000,000
13.810,530
43,600,000
592,000
26,260,000
•
OC
00
00
00
00
00
3,376,000 00
227,202,530 00
$411,507,341 81
Capital Liabilities issued.
Ground Rent Liens (Capitalized
1,000,000 00
1,000,000 00
$798,450 17
at 6 per cent.)
Real Estate Mortgages:
Miscellaneous
Property at Washington, D. C
$3,858 34
$20,000 00
394,396 43
20,000 00
146,495 00
Old Bonds and Stocks not deposited under plan
Car Trust Bonds and Lease Warrants
Monongahela River R. R. Co. Car Trust Warrants
Monongahela River R. R. Co. First Mortgage Five Per Cent. Bonds....
W. Va. & Pitts. R. R. Co. First Mortgage Four Per Cent. Bonds
Schuyl. River E. S. R. R. Co. First Mortgage Four Per Cent. Bonds..
Schuyl. River E. S. R. R. Co. First Mortgage Five Per Cent. Bonds...
Pittsburg & Western Equipment Trusts
259,00«0 do
700,(100 00
1,468 00
9.487 86
56,000 00
I
4.000,000 00
5,000,000 00
5,000.000 00
4,500,000 00
129,749 68
348,000 00
Capital Liabilities a.ssumed.
11,271.945 17
Total
$422,779,286 98
MISCELLANEOUS AND CONTINGENT LIABILITIES.
Due
Due
General Account
Branch, including annuities
Dividends and Interest prior to July, 1898, uncalled
Pittsburg & Western Settlement Account
Two Year Gold Coupon Secured Notes
to Railroads In
to Washington
for.
$1,625,674 61
1,091,432 25
12,8llS 68
192,607 71
10,000,000 00
Total.
$12,922,583 25
CURRENT
Pay
LIABILITIES.
Rolls
Accounts Payable
Traffic Balances
Unclaimed Wages
Accrued Interest on Funded Debt and Loans.
Dividends on Stocks Declared and Unpaid....
Individuals and Companies
Accrued Taxes and Ground Rents
Relief Departments
$2,378,177 13
2,.373.101 05
857.222 54
62,354 37
3,007,514 42
3.811.146 51
1,439.038 13
534.955 39
1.863,238 16
Total
Profit
456.398 35
219.549 87
5,697 45
5,697 45
10,000,000 00
202.155
207,965
248.471
51,646
126.587 83
15,456 90
869,224 36
22,423 95
206,762 08
16,956.747 70
7,311,955 77|
and Loss
$459,970,573 70
The above General Balance Sheet presents an accurate and true statement
Baltimore, August 31, 1904.
of the
92
66
60
03
1.805,308 44
$15,748,881 82
Accounts of the Company as of June 30
H. D.
BULKLEY,
1904
Comptroller.
:
Nov.
THE
26, 1904.
CHROiMlCLE.
2475
UNITED FRUIT COMPANY.
FIFTH ANNUAL REPORT-FOR THE FISCAL YEAR ENDED SEPTEMBER
November
Sugar. The sugar business for the past season resulted
a profit of $345,290.62, in spite of the prevalence of
low prices during the earlier part of the year, which brought
tlie average yield down to less than 2% cents per pound.
The output of the mill at Banes surpassed all its previous
records, reaching a total of more than 50,000,000 pounds,
which is 6,000,000 pounds greater than last year's figure.
Lower average costs and better average results were secured
in every department, from cane field to freighting of the
in
15, 1904.
To the Stockholders:
The Board of Directors submits lierewith a combined report of the operations and condition of the United Fruit
Company for the fiscal year which ended September 30, 1904,
and statement of the finances and properties of the Company
at the close of the year
finished product.
INCOME ACCOUNT FOR THE YEAR.
ASSETS.
The
total net earnings from all sources, after deducting
expenditures for ordinary repairs and maintenance, and
$529,007.25 expended for improvements to the properties,
were, for bananas and miscellaneous tropical fruits.... $1,732,484.64
345,290.62
the sugar business.
From
$2,077,775.26
Making total net earnings for the year
interest charges, consisting of interest on convertible bonds and loans, less receipts from miscellane137,425.67
ous sources
Deduct
$1,940,349.69
Balance, net Income
Out of net income there were paid four dividends, two at
the rate of 1% per cent., and two at the rate of 2 per
in all 7 per cent., aggregating
Balance, surplus for fiscal year
the close of the previous fiscal year
cent.,
967,675.00
$972,674.69
Add surplus brought forward from
Total
ber
amount
at
credit
of
2,764,815.01
Income account Septem-
$3,7.37,489.70
1904
30,
In view of the very satisfactory balance standing at the
credit of Income account, your Directors have deemed
the present a most opportune time to anticipate future
or extraordinary depreciation by making a very liberal
579,538.23
direct charge against Income account of
Of this amount $375,000 has been applied against the Company's investment in steamers owned by the Belize
Royal Mail and Central American Steamship Company;
.$150,000 has been applied against investments in foreign
divisions, and the balance covers miscellaneous domestic
profit
and loss Items, including commission paid In
surplus
IN
CURRENT
Cash on hand and
Accounts collectible,
due for fruit sales, from
in
l)anks
$1,810,199.20.
$1,155,242.54, represents balances
sales of merchandise by the Company's extensive commissaries in the tropics, and miscellaneous accounts. All fruit sales are made on a basis of ten
days' credit, and payment is ordinarily made in less than
that time. For this reason the losses from bad debts have
averaged less than one-thirteenth of one per cent, on gross
Advance payments for charters, wharfage and steamship supplies, $109,158.35, represents expenditures for account of voyages not ended September .30, which have been
OP- closed into October operating accounts.
Unclaimed Dividends
$811.00
Old Colony Trust Co., Trustee Coupon Acct.. 8,700.00
included under this head for the year were:
$229,474.99
For planting new banana and cane fields
91,022.17
New buildings, principally farm builaings
68,575.97
Railway extension and equipment
Wharves, launches, lighters, machinery, etc., including
139,994.12
additional machinery for sugar mill
Expenditures
Total betterment expenditures included
accounts
in
operating
This represents cash appropriated for dividend and incoupon payments but not called for by the stockholders
terest
and bondholders.
Stocks and Debentures of Other Companies,
.$529,067.25
SOURCES OF INCOME.
—
The number of bunches of bananas handled by
Company during the fiscal year reached a total of 21,-
Bananas.
carried on the general boolcs, shows the appraised valuation
of the improvements, exclusive of the land, to be .$559,838.78
in excess of their book cost. This excess of real over book
value is due to the policy of charging betterment expenses to
current operating accounts instead of to the cost of the
properties.
$3,157,951.47
BETTERMENT EXPENDITURES INCLUDED
ERATING ACCOUNTS.
the
The item of plantations and equipment, .$15,596,658.17, is
shown in detail in Exhibits A to E, on pages 15 to 19. This
includes 298.583 acres of land in the West Indies and Central
America, with all the improvements thereon. The annual
inventory of these tropical properties, made by local representatives of the Company, without regard to the valuations
sales.
connection with the underwriting of the Issue of $2,058,500 in capital stock sold in July, 1904.
Balance,
]904.
—
Office of the United Fruit Company,
131 State Street, Boston, Mass.,
30,
Dur100,511, including shipments to the United Kingdom.
ing the preceding twelve months the Company handled
The decrease in shipments from
23,413,892 bunches.
Jamaica alone for the twelve months aggregated 6,000,000
bunches, as a result of the hurricane of August, 1903, and it
will be noticed that 60 per cent, of this deficiency was made
up by the Company's other tropical divisions. The hurricane
damage to the Jamaica banana plantations has now been
fully repaired, the banana fields have been replanted and are
now in full bearing and giving a normal output of fruit.
The entire cost of the restoration was disposed of in the
Company's income account.
Shipments of bananas and other tropical products to England have been regularly made throughout the year, with
satisfactory results, and the demand for the Central American fruits is rapidly increasing both in Great Britain and
on the Continent. Three steamers of large tonnage, with
refrigerating appliances, were added within the year to the
engaged in this English service, all owned by our assocompany. Elders & Fyffes, Ltd., and orders have been
placed for three more steamers for early spring delivery,
making a total of ten steamers owned and operated by
fleet
ciate
that Company, aggregating some 50,000 tons.
In addition
they operate four other large steamers under charter.
The largest steamers of the United Fruit Comjiany's permanent fleet have been fitted with a cooling equipment which
permits the delivery to the trade in the interior of tlie
choicest fruit in the best of condition.
The practice of basing prices of bananas on their weight
has been in vogue at the Soutliern lmi>orting divisions for
the past throe years with such satisfactory results that it
has now been extended to the Northern divisions. It has
proven more equitable to both buyer and seller than the old
method of fixing prices by the bunch, as under the former
method much dissatisfaction was caused by the irregularity
of bunches of a given grade.
The Fruit Dispatch Company continues to show a satisfactory increa.se in the volume of Its business. New branches
have been esfiihlishod at Seattle, State of Washington, and
fTouston, Texas, and a new "warm house" has been built
.'It
Springfield. Missouri, capable of receiving and reliealing
forty cars of bananas at one time. The building is owned
by the St. T/Ouis, San Francisco & Texas Railway, and leased
by the Fruit Dispatch Company.
$1,946,946.01.
With but one
or two unimportant exceptions the companies
included under this head are those in which the United Fruit
Company holds all of their capital stock or a controlling interest therein. The item has been increased by the purchase
of shares in the Hotel Titchfield Company, whose property
is located at Port Antonio, Jamaica.
It also includes the Company's investment in bonds secured
by a
first
mortgage on steamers owned by Elders
&
Fyffea
(Shipi)ing), Ltd., and used by them in the English banana
trade, and bonds of the Tropical Fruit Steamship Company,
Ltd., secured by a first mortgage on three banana steamers,
namely the San .lose, Limon and Esparta, which have just
been completed for the services of the United Fruit Company.
The Tropical Fruit Steamship Company, Ltd., was organizedas a British corporation to hold the title to these steamers,
and its entire capital stock is owned by the United Fruit
Company. The steamers are larger and better equipped for
the transportation of fruit than any others in the company's
service and are fully meeting expectations.
:
Miscellaneous Investments
$389,045.71.
This item represents principally real estate owned by thecompany within the United States.
liabilities.
Capital Stock
$15,782,000.00.
This was increased within the year by the issue of $1,148,000 stock in exchange for convertible bonds and by the issue of $2,05S,.500 new stock, which was sold at par in July,
1904. The list of stockholders now numhers 2,400 names,,
and the average number of sliares held by each is 06.
Five Per Cent. Convertible Bonds
$2,696,000.00.
Convertible bonds to the amount of $1,148,000 were received in exchange for stock and cancelled, and $100,000
bonds were purchased for the sinking fund and cancelled,
making a total refluction of $1,248,000 in funded debt within
llie year. Of the balance outstanding Soptoniber 30, $2.50,000
are owned by a subsidiary shipi)ing company.
At the commencement of the fiscal year the Company had
a floating debt, which, including properly purchase notes.
aggreg:ited $810,128. This has been entirely i)ald off. so that
the reduction of bonded and floating debt for the year
reaches a total of $2,058,128.
Current Liabilities
$1,167,556.19.
This comprises only items pertaining to current transactions.
—
THE CHRONICLE.
24 ;g
(
Vol. lxxix
IN GENERAL.
AIMTAI. KXl'K.NDiriRKS.
Develoiiaient on an extensive scale of the company's
properties in Centra! America lias been eontinued at an expense exceeding a million dollars for the year. A large part
of this sum was for extension and additional e(inii)ment on
the Northern Kaihvay, completing the terminal wharf at
Port Limon. Costa Kica, and completing the electric light
plant at that point. The balance was expended for railway
construction in Tanama and for banana planting there and
in Costa Kica, the major jwrtion of which was, however, absorbed into the current operating expenses, only .$r2r),000
of the expense at Costa Rica and a like amount at Panama
having been taken up as capital expense. The company is
now engaged in constructing a hospital at Port Linion, half
the cost of which will be borne by the Costa Rica government. Wireless telegraph service was installed between the
company's offices at I'ort Limon, Costa Rica, and at Bocas
del Toro, Panama, a distance of about seventy miles, and
has continued in successful operation. The cost of this installation was taken care of in current operating accounts.
Some additional lands wei-e purcha.sed in Costa Rica at an
expense of $G0,000. The company has disposed of its sole
investment in farm property in Honduras.
Few changes will be found in the investment accounts
at other tropical divisions, except at Jamaica, where a reduction will ))e noticed in the investment in buildings, due
to the sale of the Hotel Titchfield property already mentioned.
The outlook
The comfor the future is most promising.
pany's properties, business and hnancial condition seem to
be in better condition than ever before.
The thanks of the management are due to all employes
of the company for their hearty co-operation.
ANDREW
W. PRESTON,
President.
COMPARATIVE BALANCE SHEET— 1904.
ASSETS.
AND EQUIPMENT
I'LANTATIONK
$15,5U0,O08 17
CUUHENT ASSETS—
Cash
Accounts
$1,810,199 20
1, 155,242 54
CoUectlble
2,965,441 74
ADVANCE PAYMENTS—
Wharf age and Steamship
Charters,
Supplies
UNCLAIMED DIVIDENDS
OLD COLONY TRUST CO., TRUSTEE. COUPON ACCT.
ADVANCES FOR ACCOUNT OF THE NORTHERN
RAILWAY CO
STOCKS AND DEBENTURES OF OTHER COMPANIES
MISCELLANEOUS INVESTMENTS
INSURANCE FUND.
The assets of the insurance fimd, as shown on the
ment below, are not included in the company's balance
$22,824,251 99
CAPITAL STOCK
$15,78J.0OO 00
FUNDED DEBT—
•2,696,000 00
PROPERTY NOTES
UNCLAIMED DIVIDENDS AND UNPAID COUPONS
CURRENT LIABILITIES—
Accounts Payable
Jamaica Hurricane
Notes Payable
9,511 00
$516,524 70
Suspense
335,391 49
315,640 00
Sight Drafts
Dividend Payable October 15
—
1,107,556 19
INTEREST ACCRUED NOT YET DUE ON BONDED
DEBT
statesheet.
investments consist for the most part of high grade railroad bonds.
The fund is derived mainly from premiums on cargoes
carried by the company's steamers.
Pittsburgh Trolley Pole Co.— Lisfed on Pitttburgh Stock
Zxchange.—Thla compacy's $50,000 capital etoctr, par of
shares $100, was listed last September on the Pittsburgh
Stock Exshange. No bonds ontetanding.
The company makee trolley poles and flttlngB for the tops of electric
ptreet ears. It was Incorporated in Penneylv mla In 1894 and einoe
that time the capital has been Inoreaaed trom iS.OOO to $50.0uO
moetly from eurplna earninge. For a number of years it has paid
dividends at the rate of 10 p. c. a year. Dividende will hereafter
be paid Jan. 10 and July 10. John D. Biggert Is President and R. 8.
Bohb, Vice President.
Pressed Steel Car Co.— See Canada Car Co. above,— V.
79, p. 19j7.
Railway Steel Spring Co.— New Director.— W, M, Barnum
has been elec ed a director to succeed the late S R, Calla
78, p. 992.
Sogar Factors Co HoBOlBla.—Jrtcorpora/ed,— This company was recently incorporated under the laws of the Territory of Hawaii with $3,000,00il of authorized capital stock ia
shares of $100 each; and the privilege of increasicg the share
,
capital to $10,000,000, to unite the sugar interests of the
Hiwaiian Islands. It is stated that practically all these in
terests, with the exception of those repretented by W. Ot,
Irwin
Co., are represented in the new company. Threefourths of the stock ($2,250,000) has been suDscribed; there
no bonded debt.
ia
The contract of the planters with
the American Sugar Refining Co. expires in September, 1905,
and will now be renewed, if at all, by the Sugar Factors Co.,
instead of by the individual planters as heretofore. The
subscribers to the stock of the new company and the names
of the firms which they represent, together with the officers
of the new corporation, are as follows:
Officers of New Company— H. A. Isenberg, President; E. D. Tenney,
First Vice-President; T. Olive Davies, Second Vice President; Q, M.
Bolph, Secretary; E F. Bishop, Treasurer; W. Pfotenhaaer, Auditor,
Subscribers to Stock— H. A. It-eiiberg, $503, ^OO; T. Olive Davies,
$225,«CO; O. M. Cooka. $373,300; E. D Tenney, $i%0,l()0; H. P. Baldwin, $476,100; F. A. Schaefer, $97,300; W. F. Dillingham, $i23,aOO;
&
total, $2,2.'i0.0J0.
Firms Represented- H. Hackfeld A Co., T. H. Davies & Co,, O
Brewer A Co., CastleA Oooke, Alexander A Baldwin, F. A. Schaefer &
Co., the B. F. Dillingham Co. and Hind, Rolph A Co.
Sweetser,
1,807,491 01
1,946.946 01
389,045 71
LIABILITIES.
11.233 33
INCOME ACCOUNT (SURPLUS)
3,157.951 47
$22,824,251 9»
Its
way.— V.
81100
8.700 00
(See foot-note.)
Convertible 10-year 5 per cent Gold Bonds
Schedules of the tropical investments are shown on pages
15 to 19, giving the book cost of the various kinds of properties, acreage of land, statement of live stock owned, and of
the railways and equipment. The last mentioned statement
does not include mileage or equipment of the Northern Railway in Costa Rica.
109,158 35
Pembrook & Co.— Schedule, Etc.—The schedule
and
The Company's Insurance Fund Asset
in
the Company's balance sheet.
'$250,000 of these bonds are
Uiiiun Salt
of $363,575.20 Is not
shown
owned by a subsidiary companj'.
Co.— See United
Salt Co. below.
—
United Box Board & Paper Co.— Pton Hangs Fire. Chicago advices report that the independent companies have as
yet failed to accept the plan. — V. 79, p. 1720, 685.
United Electric Light & Power Co., Baltimore —Possible
Merger,— The move of a syndicate to get control of the Consolidated Gas Co. of Baltimore, which was noted last week
(p. 2207), is understood to be part of a plan to bring under
one control all the illuminating Interests of Baltimore.
V. 79, p. 2152, 1384.
United Salt Co., Cleveland.— Succ3saor.— This company's
property, which was recently purchased by O. C. Barber of
Akron, has been taken over by a new corporation known as
the Union Salt Co., r>f which Mr. Btrber is President, and
Frank Rockefeller, Treasurer and Manager. The works, located at the foot of East Madison Ave., Cleveland, have resumed operations.— V. 79, p. 1481, 636.
United States Xeahaden Oil & (laano Co. Decision.
See American Fisheries Co. above.— V. 70, p. 898.
Utica(N. Y.) Gas & Electric Co.— Reduction in Price of
Oas.—Oa Jan. 1 the company will reduce its gross price of
illuminating gas from $1 60 to $1 40, net rate from $1 50 to
$1 30, and of fuel gas from $1 85 to |1 10, net rate from
$1 25 to $1 CO.— V. 78, p. 46.
—
&
Co., New York City, are distributing
—Spencer Trnsk
copies of an illustrated booklet describing the properties securing the first consol. mort. 6 p. c. bonds of the Georgia Ry.
Electric Co. of Atlanta, Qi. The views of tha power stations oar barns, types of cars, speotm-^ns of trask construction, &c., should give a prospective investor an inielligent
idea of the properties.
&
—The E
wards- Wood
Company (incorporated), which has
parts of the Northwest, has taken possession
of its handsome new main office at Fifth and Robert streets,
Two entire floors of the building are occu8t. Paul, Minn.
pied by the company, and the new offices are exceptionally
commodious and attractive.
1
branches in
all
—
&
liabilities filed in the United States District
Court as of Oct. 12 shows total liabilities of |5 i7,()67, of which
1520,669 isuneecured; due for wages, $2, Otfl. and for taxes,
Company, 25 Broad Street, will
Messrs. A. O. Brown
to-day move into larger quarters on the ground floor of the
Johnson Building, oorner of Broad Street and Exchange Place.
Assets, $179,086, consisting of casb, $76,755, debts due,
$35,652 (nominal, $62,929); bills and notes, $53,702; real
estate, $10,000; miscellaneous. $3,927.
The creditors will meet at Room No. 68, Post Office Building, on Nov. 26, to prove their claims, appoint a trustee, etc.
An official statement follows:
Between March 1, the date of the death of J. Howard Sweetser, and
the appointment of the advisory committee on May 9, the sum of
$l,24e,O0O was paid to various creditors. From May 9 to Oct. 12 an
addliional $1,936,000 was distributed, this latter amount aione being
80 p. c. of the claims outstanding on May 9. The creditors of March i,
therefore, have received $1, 246,000 In addition to 80 p. o of the
claims which on May 9 remained unsettled.— V. 79, p, 1651, 969.
The
of assets
?i3,0f',6.
firm's
new banking
offices
were formerly occupied by
the old Continental Trust Company.
Co., Boston, announce their removal to
F. W. Mason
more spacious and convenient offices on the fourth floor of
the Exchange Building, 53 State St, The house oeals in
—
&
bonds and investment securities. See their card in another
column.
—Attention is called to the offering by George D. Cook &
Co. of State of Jalisco, Mexico, 6 per cent b )nds. The price
Ddtalla will be found
is $435 per $1,000 Mexican silver bond.
in the advertisement on another page.
6
..
.
1
Nov.
THE CHRONICLE.
26, 1904.
2477
COTTON.
COMMERCIAL EPITOME
Friday Nioht. November
The observance
of Thursday, Thanksgiving
25, 1904.
Day, as a
holiday, has appeered to have little if any effect npon
business activities during the past week. In nearly all
lines of trade a spirit of confidence over the outlook
Is evident and is being rt fleeted in the willingness with
which buyers are contracting against their prospective
wants. In dry goods circles some buyers are reported show,
ing nervousness over their inability to obtain supplies of some
goods as promptly as desired. A broadening export demand
also has been a favorable development in this trade. Buyers
of pig iron have continued more active in contracting against
future wants, and steel mills and manufacturers of finished
iron are un(?erstood to be well supplied for the present with
orders for their products.
Lard on the spot has bad only a limited sale, but stocks are
closely held; offerings have been limited and prices well
maintained. The close was firmer at 7*50c. for prime
Western and
7'123^o. for prime City.
Refined lard has been
quiet but steady, closing at 7'70c. for refined for the Continent. Speculation in lard for future delivery has been
quiet.
There has been, however, some desire shown on the
part of shorts to cover sales and prices have been wtll
maintained.
DAiLT OLcmaa pbiobs or labd
Sat.
Deo. del'y
Jan.del'y
Hon
6-96
6-87i«
7 00
6 95
vdtubm
m
tuti
Wed.
6-92i«
7*00
7-15
6-97i«
7 00
7-17ia
„„„
^r
°*y-
this evening the total receipts have reached 389,909 bales,
against 3?4,794 bales last week and 378,767 bales the previous
week, making the total r«oeipt8 since the 1st of Sept., 1904,
4,210,278 bales, against 3,654,871 bales for the same period of
1903, showing an increase since Sent. 1, 1904, of E55,407 bales.
Receipts
at—
Mon.
Sat.
Phlladelp'a,
Ao
71
41
Tot. this week. 43,364 64,886
25
137
46,770 41.543 69,445 369,909
100,601
Nov. 25
ThU
1903.
ThU
Since Sep.
1, 1904.
week.
Sto
Since Sep.
1, 1903.
week.
1904.
7-16
May del'y
7-12ifl
Qalveston...
Pt. At., &o.
Pork has had a limited jobbing sale at steady prices, clog
ing at $12 50@13 CO for mess, $13 75@16 00 for short clear and New Orleans
MobUe
|14 50@15 50 for family. Cut meats have been in fair demand
P'saoolo, «Sto.
and steady, closing at 7)^0. for pickled shoulders, 9^@10c Savannah...
for pickied hams and 8}4@8%(i. for pickled bellies, 14@101bs.' Br'wlok, Ao.
average. Beef has been quiet at |8 5C@9 00 for mess, $10 for Charleston.
packet. 111 for family and $15 50@16 50 for extra India mess P. Royal, Ao.
Wilmington.
in tierces. Tallow has had a fair sale at an advance in prices,
Wash'n, Ao.
closing firm at 43^c. Stearines have been in better demand,
Norfolk
closing at 8o, for lard stearines and 63^c. for oleo stearine. Cot
N'portN.,&o
ton seed oil has been freely offered and prices have weakened,
closing at 26>i'g27c. for prime yellow. Butter has been firm New York...
held
crop estimates being received are small good Cucuta
is quoted at 9i^c, and good average Bogota at lie.
East
Indian growths nave been firm. Speculation in the market
for coffee contracts have been fairly active, but it has been
lareely switching of the long interest in December to the
more distant months. The close was steady.
The following are the closing asked prices:
Nov
;
Total.
The following shows the week's total receipts, the total since
Septi 1, 1904, and the stocks to-night, compared with last year.
wn.
for fancy grades, closing at 15@26>^c. for creamery. Cheese
has been in fair demand and firmer, closing at 8>:^@ 11 J^o.
for State factory, full cream. Fresh eggs have be«u in light
supply; prices for best Western have advanced to 30c.
Brazil grades of coffee have been in slightly better demand
ano as there has been less pressure to sell, prices have held
to a steady basis, cloning at 8%@83^c. for Rio No. 7 and 8%c.
for Santos No. 4. West Indian growths have been firmly
tH.
—
Reeeiptt to
702ifl
7'07»s
7-25
Thun.
Wed.
Tuts.
Qalveaton
14,876 11,924 28,171 15,241 14,617 13,052 97.881
Pt.Arthur,&o
9,478 10,842
1.987 22,307
New Orleans... 11,076 14264 31,347 15,608 17,571 22,376 112.241
Mobile
2,947 3,345 8,345 1,206
304 2,364 13,511
329 3,900 1,473
Penaaoola, Ac.
5,702
Savannah
8,938 6,944 12,140 7,852
9,173 45,047
BmnBw'k, &e
8,998
8,998
363 1,118
Oharleston
525
678
796 2,274
5,654
Pt. Royal, &o.
2,363 6,716 3,851
Wilmington....
1,446 2,266 4,244 20,886
Wa8h'ton,&o.
Norfolk
4,744 6,548 7,874 4,452 4,420 3,824 31,862
N'p*tNew8,Ao.
729
729
150
61
167
80
New York.
198
666
408
547
473
248 1,371
Boston
3,047
427
Baltimore
824
1,251
1904.
omoAOO,
fAMr<.
Friday Nioht, November 25, 1904.
as Indicated by our telegrams
from the South to-night Is given below. For the week ending
The Movement op the Crop
1903.
97,881 1.320,034 150,075 1,290,566
22,307
58,656
8,542
34,238
112,241 941,317 108,504 822,881
140,054
13,511
8,079 117,440
5,702
58,566 10,180
50,789
45.047 903 892 43,221 668,912
79,347
8,998
67,673
9.394
138,795
5,654
4,687 116,684
296
19
766
20,886 223,390 15,236 234,088
122
31
276
31.86Z 320,282 25.035 236,706
3,261
729
194
2.360
4,850
666
1.841
Boston
8,699
699
3,047
3.457
Baltimore.
1,261
6,906
1,241
4,119
Phlladel.Ao.
137
237
1.861
2,075
212,683
292,035
356,476
53,705
270,852
47,012
138,597
16.f45
31,792
145,127
16,636
10.078
24,240
14,912
26,549
23,813
94,032
2,558
1,441
5,236
60,997
80,000
6,203
3,799
369,909 4,210,278 386,364 3,654.871
964.206
921,464
Totals
252
In order that a comparison may be made with other years,
we give below the totals at leading ports for six seasons.
Beeeiptt
at—
1903.
1904.
1902.
1901.
1900.
1899.
88.518
94,994
6,916
46.533
12,785
12,971
19,604
1,047
38.036
;
March... ....... 7"05o.
7*400.
July
Deo
May....^„
7-600.
7'20o. Sept
Jan
June
7'30o. Oct
7'65c.
Raw sugars have continued active and pricas have ad
vancfd, closing firm at 4%c. for centrifugals, 96-deg. test,
and 43-^0. for muscovado, 89-deg. test. Refined sugar has
been moving freely on contract; prices have held firm at
5 35c. for granulated.
Teas have been fairly active and
steady.
talr business has been transacted in Kentucky tobacco,
and prices have been unchanged and firm. Seed-leaf tobacco
has been in fair demand, but owing to limited offerings, due
to short fupplies, prices have been firm, particularly for good
fillers and binders.
Sumatra tobacco has had a fair sale at
firm prices. Demand for Havana tobacco is improving at
firm prices.
Straits tin has been firm and higher.
Arrivals the past
month have been light and foreten advices have been
stronger. The close was firm at 29 6^@29-85c.
Ingot copper
has been in good demand and firm at I4J^@l5i-gc. for Lake
and 14%@15c. for electrolytic. L^ad has been in moderate
demano and firm, closing at 4'60(a4'70c. Spelter has advacoed to 5 7B@5 87}^c., closing firm. Pig iron has been fairly
active and firm, closing at $18 76 for No. 2 Northern and
118 75@17 25 for No. 2 Southern.
Refined petroleum for export has been in fair demand and
firm, closiug at 7-95c. in bbls., 10 65c. in cases and Tj 65c. In
bulk. N«phtha has been steady at ll^^c. for 71 degrees and
12c. for 76 degrees.
Credit balances have been firm, dosing
at leOc. Spirits turpentine has been dull and the close was
weak at 68c. for machines. Rosin has been quiet, closing
at |2 9R@|3 00 for common and good strained.
Hops have
been qoiet hut steady. Wool has been less active but prices
6'70o.
6*700.
6*8So.
A
have continued firm.
Glalves'n, &o.
News, Ao.
729
All others...
19,791
188,617
108,504
8,079
43,221
4,706
15,267
25,025
194
21,761
wk.
369 909
385,364
New
Orleans
MobUe
Savannah
. .
Ohas'ton, Ao.
WUm'ton Ao
Norfolk
N.
Tot. this
120,188
112.241
13,511
45.047
6,654
20,886
31,862
79,849
112,842
8,133
55,967
5,700
13.145
15,736
3,142
12,46«
106.245
82,393
5,535
38,041
5,482
6.285
13,012
2,698
25,138
81.176
65,756
305.968 321,434 284,844
222,999
5,614
26,101
6,561
8,499
13,473
115
15,704
Since Sept. 1 4210,278 3654,871 3542,946 3387,040 3362 916 3045,862
The exports for the week ending this evening reach a total
of 288,525 bales, of which 145,529 were to Great Britain, 15,468
to France and 127,529 to the rest of the Continent,
Below
are the exports for the week and since Sept. 1, 1904.
Week Ending
from—
iVou. 25 .1004.
From
Sept.
1,
1904, to xVot
Oreat
Great ^
Uontt-i lotal
franci
Week. BHtain.
BriVn. '^"""l nent.
1
!
Glalreston....
a8,9c0
38417
Pt. Arthur, 4o.
10,843
70,035
20.820
19,646 106.040
New
Urieani..
Mobile
Peniaools,&c.
Bmntwlok
Total
Total. 1903...
8,190
fceO.«5W|147,6d9
298,270 102,013
4,439
81,6(-3
0,8 11
3-1.066
129.368
36,223
7,616
46,648
11,104
11,104
0.848
0,842
18',978
3,079
11,677
1,436
1.466
44
4,740
4,740
3-«,848
a, 103
2,1C3
16,7i«
....
146,5V
01.064
2,560
16,4ft8 187.
1904
867.4fl.S
1,443,
168.721
Totnl.
oes.sei
47,6f0
669,004
60 079
19,665
60,460
664 087
32477
32,477
3,66?
115.1Sh
196,961
8,300
4,127
45,642
18,427
POr
9,16'.
73,48*1
10,8(
7,613
4H,0j5
BP,604
2(
4.80t
0,11
9,6(0
S,6S0
HO 88H,t9A
4H,748 186.756
25,
403,351
0.fl<0
8,fl05
227,043
22.36^
27,817
77,161
Continent.
28,918
18,744
86.036
7.616
CharlflitoD...
Port Royal...
WtlmlnRton...
Norfolk
N'port N., &o..
New York....
Boston
3altlmore ...
Philadelphia.
Han Fran.. &o.
16,468
4,430
jayannah
61,367
0,478
8.100
.
Exported to—
Bxvorted to—
Bxporti
68 817
871
0,81'
tw
17,191
87,07^
27,073
1.134,)186 <.8es.7es
I.0AA.6I0S7I.7A3 1.073,710
8,r
00,973
.
..
THK CHRONICLE.
2478
FcTCBBs.
In addition to above exports, oar telegrams to-night also
give us tlie following amounts of cotton on fihipboard, not
cleared, at the ports named. We add similar fii^nres for
New York, which are prepared for onr special use by
Messrs. Lambert & Barrows, Produce Exchange Building.
ON SHIPBOARD,
Oreat
Britain Fr'nee
OlKtr OoaatFor'gn urlte.
many.
!'
tloek.
ii^ ll
Oaarleston
Mobile
Norfolk
22,93-< 23, '153 12,^f9 18.193
77,6.'8
9,90d 45,401 10.404
7,951
2,883 116.094
5,800 23,206
47.4b3
10,05a
500
SCO
.•i.OOO
1,000
2,^00
1,2C0
1,200
SOO 10,000
i'o'io
800
9.0O0
13 000
9.000
. .
1,8001
98,fii9
44,-
696,793
Total 1903.. 123.146 63,248 83,026 .^4,043 23.600 342 863
Total 1902.. 97.118 4l,<85 42,824 43,780 27,981 252^938
578 60V
760.470
Total 1904..
7,000
1
1
«
t
«
1
1
1
1
1
I
9
«e«
1
1
1
«
1
1
1
1
1
«
1
1
to
,
000
coo
-J
00
>
«
1
1
1
1
1
1
1
9
1
1
1
1
1
1
1
1
1
1
1
1
*
<»
•••
cc
1
8-80
9-42
Good Middling....
9--!0
10-24,
lu 14
Middling Fair.....
1096 U096
10-86 10 76
1066
GULF.
Smt.
mon Tae«
Tl^ed
n
o
Tb.
Middling..
Middling
Good Middling.
8-95
9 57
Pair..
pi
»
lU'39
STAINED.
Sat.
Low MlddUng
,
..
,
Low
Middling Tinged.
Good Middling Tinged
Mou Tues
9 50
850
950
966
9 66
10-00
loco
8-60
1904. ...c. 9-70
1091
fi-20
920
936
9 70
1903
1M02
1901
1900
1899
1898
1897
IfSO
8-50
18;^4
H
IOI4
7^
57i6
6i3ie
1893
1892
1891
1890
1889
1888
.0. faloi
10i«
1887
6
1886
93ie
8i«
1885
S'le
10
1884
107,e
1883 .... ICd
8^
lo«,,
t.7.8
1882
10»«
1881
lH&ie
MARKET AND SALES.
...c.
788
868
1
1876.
12
1875
1874
I314
1478
1578
Batnrday
.. l>Ull
Monday
TneBday...
Wednesday
Thursday
Friday....
Total
Quiet
.4
met.,
.iuiet,
...
&
Fdtdrks
Makiikt
Closbd.
Sales of Spot
38
Oon-
Con-
port.
tump.
tract.
145
20
35
steady
steady. steady
lOptB. ao B'rly steady.
lOpts. do siead>
i
..
Q
& Oontbact.
£x-
!let,10ptB. do. Steady
500
Total.
145
520
35
Holi dav ..
100
72
172
600
872
CO
a'
a
1
«
»•
ccco
(XlO
tota
•?
1
«
a
1
1
ccto
OCQO
,
1
coco
1
9
CO to
«
coco
WW
COM
1
«DC0
COCO
a
1
1
d
1
1
1
1
1
1
1
»
1
9
tow
a
J
CO
1
05
CO
1
»
*
^
tcco
ccto
*?!
ci'
Q
00
1
a
to,
^5
'
CO,
to'
aT
a
ccto
1
CD©
ccco
to to
ccto
oca
MW
WOO
ccco
*l
1
coS'
to
*?
1
w
ccto
to*
coao
coco
coco
c^Cfl
to to
tots
to*-
WW
CO to
1
a.
ll
w'
CO to
CO 00
1
coco
a
10 §•
^
1
OS©
a
1
CO,
©0 w
w
to
1
3
coco
coco
1
*?!
W w'
05W
wa
©f-
a
C»
«0)
aoc
1
03
coco
'
1
coco
03
CO to
*?
1
1
1
1
1
1
1
1
1
1
1
1
1
d
t
1
1
1
1
1
1
1
1
1
1
1
i
9
«
1
1
1
<oco
eco
COW
I^CO
a
CO
re
1
a
9
trco
CO
1
a
1
,-^
a
toco
W|.
^5
to<
1
H
MS.
0>
1
1
1
1
t
1
1
1
,
1
»l
coco
coco
coco
U
MOO
to
a
1
1
0.
1
1
*?
tcco
O>05
0>M
*
I
1
®
(0
V,
CO
00
i
e»
1
"*
CO
1
coco
coco
MM
WW CO
ow MM
CO^ wco
1
9
1
a
1
a
1
a
toft
*
0.
'
cca
CO
«
<OtO
9
®
««D
IB-
1
w
'
CO
.
w'
,
CO to
V
1^0
IF-
CO
1
'
a
CO
CO
CO.
®
1
09
1
«
1
a
1
"^
1
1
1
1
®
00
w
a
?
©
CO to
00 03
I- 00
i
'
1
.
*
(0
w
CO to
to to
0-3
1
'
*
M
coco
MM
1
'
w<
*?
M
CO
a
1
a
<o
1
"»
1
a
1
*
?
»
M
00
made np by
440.000 232.000 295,000 419,000
27,000
18 000
41H.000 274,000 205,000 28S.000
885,000 665.000 774.000
liinerloait afloat fot Kutope... 771.000
9^4 206 921,464 1,013.4C8 858.194
.......
'Jnlted States stock
Jnlted States Interior stooka. 717,''59 498.502 .')82 084 634,012
19.585
36,328
28.623
3:4.000
inlted Statesexporti to-day
3,360.765 2,866,589 2,780,077 3.009,554
XOBalA.merloan
Ma$l Indian, Bratil, rfc—
76 OOO
68 000
76 000
50,000
lil varpool stock ...... .......
7.000
7.000
10,000
14.000
L>ondOD otock. ...... ...........
4.000
3,000
Manobester stook
39,000
28,000
63.000
000
68
8tuoas.._
jOuUueniai
...........
23,000
9.000
14,000
16,000
m<k afloat (or Enrope . ........
64.000
57.000
69 000
63.000
gypt. BrasU, Ac, afloat
152.000
176.000
150
000
14'».000
Stock in Alexandria, Egypt...
97 OOO
)t«ok In Bombay, India........ 189 000 127.000 141 OOO
ibl.OOO
^ 661 OOO 493 000 4'*3,000 3.009.534
Total Bast India, Me.
..8,360.765 2,866,589 2,780,077
Total American....^
Total Tist&ie supply. ....3,911.765 3,3.- 9,'^89 3,263.077 3,470,tS34
4ii3ad.
4-54d.
620d.
508d.
filddllng Upland, Liverpool..
8-550.
11-360.
80.
9-70e.
aiddUng Upland. New York..
7i4d.
4%d.
S'sd.
89,6^
Sgypt Good Brown, Liverpool
7d.
7d.
9 25d
10 ood.
t'aruf Rongb Good, Liverpool
4732d.
6B,,d
4\d.
613, gd.
-iroaob F'ne, Liverpool
4263.^11.
511,6d.
47i9d.
&38d
"Inr'wjtiiT Oood. LfTBrpoo
1^^ Continental imports past week have been 151,030 bales.
The above figtires for 1904 show an in'^-rease over last week
of 215.7!:0 bales. » pain n< 653,176 bales over 1903 an excess of
64S 683 bales over 1902 and a gain of 441,231 bales over 1901.
.
-_'.u:
272
a
'
00
CO
WW
1
bales.
stook
ttanohester atook..............
Jontlnenta] stoeas. .....«....-.„
The total sales of cotton on the spot each day during the
week are indicated in tlie following statement. For the
convenience of the reader we also add columns which show
at a glance how the market for spots and futures closed on
same days.
Spot Market
Olosbd.
coco
coco
®
.1
WW
Amtnaan —
938
III4
1873.
a
-»
1
lilTflrpool
1880....c.imi
1979
1878
1877
ccto
1
1
ceco
~'00
COf-
coco
o-.a
3,000
2,000
3.000
2,000
Stock at SCarselUee..........^...
26,000
28.000
34,000
Stock at Saroelona. ....„...„.„
11,000
28 000
24,000
25,000
36 000
Stock at denoa..... ....
,._
3.000
4,000
5.000
4 000
Stock at rriKiKt*.. ,.._., ..__«,
233,0:)0
327,000
Total Continental stocks.. 486,000 827.000
676,000 603,000 819,000
Total Enropean stocks
1,011 000
23.000
9,000
15 000
14.000
India cotton »i!1-»ki loi auicpe
Amer. cotton iflontforE'rope. 771.000 885.000 68\000 774,000
64 000
67,000
59 000
63.000
EKypt, BrazU.dre., '^Qi.foir E^ie
160.000 152,000 176.000
Stock in Alexandria, Egypt... 149.000
97,000
Stock In Bombay, India. ...^^ 189 000 127,000 141,000
Stock In United Hta^ee ports.. 964 206 921.464 1,013.408 858,194
582.084 634 012
Stock In U. 8. interior towns.. 717,559 49S^02
28.6^3
19.585
36,328
32 000
United States exports to-'lajr.
Total visible supply
..3 911,7«J5 3,359,689 3,263,077 3,470,534
OttneaDove. totals ot Amenoan and otberdesoripiionsareas rollows:
for
1896
1895
*l
00
a
CD to
1
(IS
The Visible Supply of Cotton to-night, as
cable and telegraph, is as follows. Foreign stochs, as well
as the afloit, are this week's returns, and consequently all
foreign figures are brought down to Thursday evening.
Bat to make the total the complete figures for to-night
(Nov. 25), we add the item of exports from the United States,
including in it the exports of Friday only.
1«>02.
1304.
1903.
1901.
..baiee. 490.000
Stock at tilvsvpooi
308.000 363,000 495,000
10,000
Stock at tiondoB.^
14,000
7,000
7,000
21.000
31,000
Stock at itf anobester. .....
Total Great Britain atook. 525.000 349,000 370,000 502,000
26000
9000
12.000
24 000
Stock at tlaiuiuuig.^__^...^
92,000 139,000
Stock at Bremen ,.^ ........... 251,000 131,000
6 000
4 000
ft 000
3,000
Sctiok at Antwerp ......o ..,.««>
63 000 116,000
stock at clavre..^....^ „...»...., 152 000 100,000
middling upland at New York on
Nov. 25 for each of the past 33 years have been as follows.
The quotations
1
to
UTed Tb. Frl
8 40
9-40
9-66
9-90
en
tcco
CCGD
Q
a
ccto
i-cu
«»
1
1
Frl.
9 95
1
CO,
>-05
1
1
9 32
o
ccto
tote
O05
9 70
9 25
Low
Middling.
9-62
9-25 9-15 9 05
9 87 0-&7 977 9-67
1025 10-^5 1015 1005
10-69 1069 10 59 10-49
;i2i 1 21 111 11-01
Oood Ordinary.
Strict
I
OC 00
CC«
to
a
1
870
8-90
9-52
9b2
9
6
'^
1
1
Tues! ^Ted Th. Prl.
10 lOllOOO 9 90
1 '44 lo 44 10-34
1
to
•1
.3'
0©
CO to
~1
'
1
—
Middling
*•!
«r CO
"1
.
9 00
ii'ii' i!" i!'
«OCQ
2 3» B
i«9
.
9 00
i
=•»)
"AvarioiI
holders in the local market evidently became discouragtr-d
over the tendency on the part of many of th« cotton trade
to increase estimates, and they have been steady sellers to
liquidate their accounts. Under the pressure of these oflferiEg^
prices yielded, and at the decline bear operators btcame good
buyers to cover their sales made at a hifjher level of values.
To-day the marketopentd lower, rtfl^ctiug unexpected weakness in the Liverpool market. As the day progressed, there
developed a steadier tone on moderate baying, in part to cover
short eales, and prices rallied. The close was steady at a net
decline for the day of 8@10 points. Cotton on the spot has
declined, closing at 9'70o. for middling uplands.
The rates on and off middling, as established Nov. 18, 1903,
by the Revision Committee, at which grades other than
middling may be delivered on contract, are as follows.
Fair
Good Middling Tinged .c. Even
c. 1-30 on
Middling Fair
096 on Strict MlddliDg Tinged.... 06 off
0'62 on Middling Tinged
Strict Good Middling
012 off
0-44 on Strict Low Mid. Tinged ...
Good Middling
31 off
Strict Low Middling
014 oflf Low Middling Tinged
050 ofl
0-38 off Strict Good Ord. Tinged
Low Middling
O 84 off
0-50 off
Strict Good Ordinary
72 off Middling Stained.
1-00 off Strict Low Mid. Stained... 1 06 off
Good Ordinary.
1-50 off
Strict Good Mid. Tinged.. 0-30 on Low Middling Stained
On this basis the official prices for a few of the grades for
the past week Nov. 19 to Nov. 23— would be as follows.
Gtood Ordinary
Low Middling.....
2
C
i*
in a ^1%
1
«
Advices received from the South have reported domestic
spinners better buyers as prices have yielded, and a moderate bosiness has been transacttd with exporters. Speculative
rrion
•?
w *
*
1
1
1
MM
CO
00
»90
00
1
3
Jo>«
1
Sp'cnlatioa in cotton for future delivery has been moderately active, but at declining prices. Th« feature has been a
tendency to increase private estimates of the yield of the cotton crop, thfy now being generally in the neighborhood of
11,250,000 to 11,500,000 bales. The ginnerb' report, made public on Wednesday, showed that to Nov. 14 the amount of cott n ginned exceeded the quantity for tho same period last
year by 43 per cent. The movement of the crop to market
hag been fairly full, the amount in eight for the week being
practically the same as for the corresponding vieek last year.
8iit.
i!
«C0
C.OJ
CO
UPLANDS.
il
i!
"^i
cb'
'
05
98,266 42,553 69,973 37,848 19,783 268,413
.
1
115,391
31.292
20,000
Otlier ports
3,000
13,000
1
1
1
278 8^3
13,549
86.032
30.372
Hew York
i!
1
1
1
Orleans.
Galveston.. ..
Bavannali.. ..
K
pi
{1
cgSog-«ogg «gg®gSogaogSogf
Total.
1
Few
—Highest, lowest and closing prices at New York.
c
NOT CLBARBD FOB —
Ger-
Vol. i.xxix.
I
osoSOsoS
=Soog3
B S B
a
Leaving
Kov. 25 at—
MlddUng
1
'
'
.
.
.
THE CHRONICLE.
JS'OV. 26, 1904.1
At the Interior Towns
movement— that
is the
the shipments for the
week and the stocks to-night, and the same items for the
corresponding period of 1903 is set out in detail below.
receipts for the
week and
the
since Sept.
1,
—
etc tut)
go o »
C:
3.PB
S OD O (D
-
o
a ® H 5
=>
B B
;S
5 * S
Pg
p 3>B
-
"
'
2q53
o
Sat'day
Galveston...
91I16
'"
e<
(3
S
Baltimore.
Pblladelph'a
Augusta.....
>
«
(
•Sf:
en
oVi ©V O lo"—
M
I-l
10
00'-
'-1
958
938
95,8
938
•34
9Hie
10-00
10-25
9-87
10-25
99,6
99,.
988
99l8
9I4
99ia
99,8
9S8
912
914
Little Rook..
w'3:V a
w 00
00 05 05 c w'—
^:'o <1 V «o
oo<ooo»05»ii:©xi^o*-if>-»oo-j»j>-tsi^oa oiyii»^wo5<i«jao
oo5000xoj*if't-'eoica<iwob0^05WK.wi-i^a5-jis;«oaoa6ao
'^-
9^1 6
The
?
9-75
9
K'05
9^
9'4
9-80
9-62
995
^
95,
93i8
938
9M
9>«
9>4
9ifl
yi9
8 '8
9
9
938
-''•.•
oie; if^Vi
Louisville
9
Montgomery..
8%
Nashville
9\
8
9%
Natchez
Raleigh
''a
939
91,8
9*4
Shreveport....
New Orleans Option Market.— The highest, lowest and
closing quotations for leading options in the New Orleans
cotton market the past week have been as follows.
®j^w<i
tatorf'wweo
'co tx 'if>.aD
9
9H
f38
990
closing quotations to-day (Friday) at other important
.
w MMWM^eow^p
oo'^ ololc V ocV) »^ <i"o; 01 a'cocelo"''
938
914
938
96s
1 -00
9-87
10-15
9T,8
99ia
988
95,6
Southern markets were as follows.
Columbus, Ga.
Columbus, Miss
00
95,8
9J«
918
918
oolc oi
'ii-bo
Atlanta
MOsj-iMM
9'',«
95,6
93 «
914
91,6
95;
1000
—
Houston
h-
9%
1000
Memphis
97 6
9^18
9»ie
97,p
9S8
fi5,g
St. Louis....
«a
ON—
Monday. Tuesday. Wed'day. Thursday Friday.
f^ifl
.
X
O
on
>
Nov. 25.
Mobile ....
Savannah...
Charleston
Wilmington.
Norfolk
Boston
©
HOD
•
OLOSINO QUOTATIONS FOB MIDDLING COTTON
Week ending
New Orleans
Q,.
n
—
ei
<S
?
2479
Quotations for Middling Cott"»n at Other Markets.
Below are closing Quotations of middling cotton at Southern
and other pripcipal cotton markets for each day of the week.
t> (> [> f^ to
o o » o
^
(S
» »
H 2
cs-B d
<•« d
gvjo.
«
.
o a'^-' 05
<iC'yow-' Wif'^tot^i-osoeoto&oo'iJ - 50ooo>)t>.«>050c;iODw-->05
i^Utsoacna. i^50ai^o:owQOtt.Ci^OOO&h'0550»-ccil^Mo:5cai^<]
Sat'day,
Nov. IB.
NOV'BER—
—
Range..
Closing..
Monday, Tuesday, Wed'day, Thursday Frtdav,
Nov. 21.
—
— 9 47
_
Nov. 23.
Nov. 22.
—
Nov. 24.
Nov. 25.
—
-
9-19--21
9-15--17
9 00-
9-20-'42
9-22--23
9-12-27
918--19
8-95-12
9-C3-04
9 -29-51
9-31--32
9-20--3B
9-27--28
9-39--55
9-44 45
--4
•
-
Dkc'ber—
wo
1^
CO
*ki-'
aceoawwwwtoco
to
Mts^^iwta
9-''2--49
Ran^e..
wwtooo
9
Closing.
OQDtni^O"'-OOlOOD»S<a<OQ005h-'W005tOC^aQOO<l — h-OIVOMODig05
O^-Ot0O05aDC0O:J<IW, JCCl^Orf>-»-^OK!tOC<50'>-W«003b50D0505
O,»aOK.Olf>-50WWl^W«l«W©<Ol^lf>-3<<llf'05WaDt005^0:(P»»lWr-
Jan'aryRange
9-47-58
9-68-75
9-65--77
Closing..
9-68--e9
9-74--7.5
946--69
9-43-49
Range
9-81--87
9-81--82
9-79--89
9-8S--89
9-59--82
9-61--62
9-51-6S
9 58- 59
9-39-54
Steady
Steady.
Steady.
Quiet.
Steady.
Easy.
Steady.
Steady.
.
March—
Range
^oo©to<neo5®cojDoceto i-«o->)Qo^M&;to-- O3|i05>;cowootciwi^
*k;c©b)b3coaTf>-a — '© — »^^"'*^«owo'«'lo^'coM<) wVViki'-'roo
.
Mat-
coo»K)C;i«qoso'r-^-©c;ii|i.xcoci;ktg-i)Oi-'cc^to<ic^«J^ i^i-c tf^eo--
©at3<ji-'M<io;H^w~j©p-'j. ©wa:©»jif>,co©-avi|f».^iiowo5<i»JMr-
.
Closing..
aK)eOtOl^((i.»OtOO l->»-MtOMM MMMlf>.
IO>-i05tCOl^«<X)<|<JC»iO>-lU'l^tOO!IC«5l-'050atOCn,^«>baKlCOJDXrfi
tS
Spot...
Options.
OM^ieC©©
" |(^M05W*»©V'Wt>:Ol-'WtO«v©^>-0DC0>-05O*'lU0!0D
©W0005_COtOWOi^lO©Wr-<le«'000>lf>.Ol'.0<llf>-tO©M05 0-. MH-W
05
CO
05ll^l-'050«H'tO«II-'a'
l-iH'l-i
Ml-'t-'
Kf
ifk|-'i->
to
(O
co5Wco<oao:coto ir^oivto wo<w©>4<]c;iu
«IM,5>U©50O*»^(X;if^iy<
COOC1B.CCHOC-' lfk05WtO~<l»<lW©OT©<l
Ut(OOCO>JUltOUO^:lt^U>l^ =>>^t0=:V<tsO5 K>9C005W:>:aDtCC0^Otz>
0505Op-t5©M©O«Wr-WW~a©O<)H'©05Q000aD<llf>.C0H^I-'*J^Ol(!k
ft
The above totals show that the interior stocks have increased during the week 41.577 bales, and are to-night 21»,C57
bales more than same period last year. The receipts at all the
towns have been 11,311 bales itas than same week last year.
Overland Movement for the Week and Since Sept. 1.—
We give below a statement showing the overland movement
for the week and since Sept. 1, as made up from telegraphic
reports Friday night.
The results for the week ending
Nov. 25 and since Sept.
the last two years are as follows.
1 in
1904.
November
25.
Week.
SJiipped—
Via 8t. Louis...
Via Cairo
Via Rock Island
Via Louisville
Via Cincinnati
Via other routes,
23,616
lH.808
2,5«6
2,5S6
1,648
12.681
50,703
3,835
1,163
6,873
53,022
318.182
41,359
231,621
5,091
2,1-7
148
9o7
22,316
2,198
9,200
11.492
3,219
12,968
6,196
38,714
2,631
27,677
26 284,468
to Canada.
S8,723
203,944
Between
interior towns
Inland, &o., Irom South
Total to be deducted
*
Including
movement by
rail
Since
Sept. 1.
5,fc98
Ac.
Leaving total net overland'
Week.
81.404
76.130
2,766
13.607
7,465
80,219
<feo
Total ^088 overland
Deduct ghipmentg—
Overland to N. Y., Boston,
Since
127,191
95.423
11,461
20,723
6.642
12,4,6
^
370
432
22
46,-
.
The foregoing shows that the week's net overland movement
this year has been 4'5,S26 bales, against 88,728 bales for the
week in 1903, and that for the season to date the aggregate net
overland exhibits an increase over a year ago of 8 J, 5^4 bales.
1903.
1904.
In Sight and Spinner^
Takings.
Week.
^
'^««*-
Since
,
Sept. 1.
Since
Sept 1.
I
Receipts at ports to Nov. 25
Net overland to Nov. 25
369.909 4.210.278 385,364 3.6.^4,871
46,82« 284 468 38,728 203,944
Southern consumption Nov. 25.
42,000 485,000 42.000 496,000
Total marketed
459,735 '4,979,746 466,09 4,3f-3,815
41,577 655,299 46,603 486,900
Interior stocks In excess
Came Into
sight during week. 500,312
Total In sight Nov. 25
North, spinners' tak'gs to Nov. 25
Movement
Week—
1902
Nov. 28
1901-Nov. 29
1900 Nov. 30
1899- Deo. 1.
612,695
5,6:-
1
96,260
5,0451
731,618 105,763
1,840,715
597,497
into sight in previous years.
38-',862
Since Sept. 1—
1902- Nov. 28
411.577
409,460
320.461
irci- Nov. 29
1800- Nov. 30
1899- Dec 1
Bait*.
n
9-05--22
9-13-14
1
»
924--40
f
9-3l-'32
9
45-46
Bale$.
4.9,'16
443
4.690 39fl
4.«l.^,708
4,507,697
Steady.
Easy.
Receipts from the Plantations.— The following table
movement each week from the plantado not include overland receipts nor
Southern consumpt ion; they are simply a statement of the
weekly movement from the plantations of that part of the
crop which finally reaches the market through the outpoits.
indicates the actual
tions. The figures
Weeh
Ree$ivti at the Porti
Bndingleoi.
Oct. 21
"
..
28...
Nov.
4
.
'•
11...
•'
18
25
"
1903.
Sept. 1.
9-56--57
ONB—
to
co<i
42-43 947--43
9-50--67
9-E0--51
Closing..
~j
9-35--49
.
itoa,
ifl03.
.
St'k at Interior
m04.
1B03
Townt. Rec'vttfrom Plant n*
1902.
3:4.280 313.87M 422.260 28P,684 487.261
396,318 39.'-,H62 304.731 488,779 .S00,6H7 4 97.784
120.609 413,566 318.6Ue 547,26-1 357.266 628,884
sTS.'e? 449.297 841.4«»- 694.U22 409.98? 660.953
384,791 4?8,0e3 319.868 676.982 461,-99 566.584
389.909 l3f-5.aP4 ."ios.fias 717.669 49-'.5''2 5^8.084
1904.
1903.
19ce.
I
488.HJ4 889.543 an.oso
462,847 459.036 38?,254
488,086
4V6 428
486.8S4
411.486
4''9.16E 349,786
502,023 373,517
469,^80 846,470
4.Sl,He7 S01,488
The above statemeut shows: 1.— That the total receipts
from the plantationK since Sept. i, 1904, are 4,8615,577 bales;
in 1903 werf 4.141,771 bales; in 1912 were 4 061,1-5) bales.
2. — That althoufzb the receipts at the outporte the past
week werr 369,909 bales, the actual movement from plantations was 4 1,488 bales, the balance going to iLcrease
Last year receipts from the
stocks at interior towns.
plactarions for the week were 431,967 bales and for 1902
they wtre 3(1,488 bales.
Weather Reports by Telegraph.- Our advices by telegraph from the South this evenirg indicate that rain has
fallen in most sections of the South during the week, but
that on the whole tbe precipitation has been moderate or
Picking continues to make satisfactory headway, and
light.
Is approaching completion in a number of sections. Marketing of cotton has been on a liberal scale.
Oalveston, lexas,— It has rained on one day of the week,,
the laicfall reachirg six hundredths of an itch. Average
thermomelef 64. highest 72, lowest 56.
Fcrt Worth, Texas —Rain has fallen on one day during
the week, to the extent of two hundredths of an Inch. The
thermometer has averaged 5S, the highest being 76 and the
lowett 40.
—
Palestine, Texas.
There has been rain on one day of the
week, the precipitation being forty-four hundredths of an
inch. The thermometer has averaged 66, ranging from 64
to 7M.
Taylor, Texas.— There has teen rain on one day of the
wet k to the extent of eight hundredths of an inch. The
thermometer has ranged from 44 to 80, averaging 62,
Han Antonio, Texas.- It has been dry all the week.
Average thermometer 84, highest 80, lowest 48.
Corpus Chnsti, Texas -It has rained on one day dnrlng
the week, to the extent of six hundredths of au Inch. The
thermometer has averaged 64, the highest being 74 and ihe
lowept 54.
Abtlene,
Texas.— We have had no rain during the week.
The thermometer has ranged from
88 to 80, averaging 09.
.
.
.
THE CHRONICLE.
i>480
hM
been rain on one day
New Orleans, LouMana,—There
of the week, the preolpitatlOD reaching thirteen handredths
of aD inch. The thermometer has averaghd 59.
Shreveport, Louisiana.— R&\n has fallen on two days the
past week, the rainfall being fifty-eight handredths of an
inch. The thermometer has ranged from 42 to 7G, averaging GO.
Columbus, Mississippi.— RAin has fallen on two days of
the week, to the extent of fifty-eight hundredths of an inch,
Average thermometer 53, highest 68, lowest 38.
Leland, Mississippi.— We have had rain the past week to
the extent of two inches and five hnnaredths. The thermometer has averaged 58 4, the highest being 78 and the
lowest 33,
Vtck.tburg, Mississippi.— We have had rain on three days
daring the week, the rainfall reaching one inch and nineteen
handredths. The thermometer has averaged 65,ranging from
44 to 76,
Helena, .Arfcansas.— Picking is progrepslng favorably and
there is considerable cotton yet in the fields. It has rained
on two days of the week, the rainfall being mnety-foar
hundredths of an inch. Average thermometer 526, highest
73, lowest 85.
Ldttle Book, Arkansas.— Picklug and ginning are making
good headway in this section. It has rained on one day daring the week, the precipitation reaching ninety-one handredths of an inch. The thermometer has ranged from 31 to
74, averaging 55.
Nashville, Tennessee.— It has rained the past week, the
rainfall being twenty- two handredths of an inch. The thermometer has averaged 53, ranging from 31: to 71.
Memphis, Tennessee.— Picking and marketing contione
active. It has rained on two days of the week, th"^ rainfall
reaching seventy-eight handreths of ao inch. Toe thermometer has averaged 56, the highest baing 72'2 and the
lowest 42'6.
If o&iie, .dtZaftama. — Heavy rains in the interior early part
of week; clear and cool latter part. Picking makes fair progThere has been rain
ress and will probably finish next week.
on one day daring the week, the precipitation being fortyfive handredths of an inch.
The thermometer has ranged
from 43 to 78, averaging 60.
Montgomery, Alabama. Rain has fallen on two days daring the week, the rainfall being one inch and twenty-seven
handredths. Average thermometer 57, highest 76, lowest 33.
Savannah, Georgia.— 'R%in has fallen on two days of the
week, the laintall reaching thirty-eight handredths of an
inch. The thermometer has ranged from 46 to 75, averag-
—
Dg81.
Smyrna, Georgia.— R&in has
Vol. LiLxiL
For the Week.
Since September
1.
Mxporti
from—
Oreat
Britain.
Continent.
Oreat
Britain.
Total.
Oontir
nent.
Total.
Bombay—
1904
1903
1902.
..
Calcutta -
6,000
29.000
29,000
1,000
3,000
5,000
8,000
3,000
6,000
8,000
2,000
1904
1903
1902
Madras —
1904.
e.ooo
27,000
27,OuO
2,0')0
2,066
1,000
2,oo6
1.000
i'obo
i'.ooo
i'cbo
2,000
6,000
1,000
2,000
7,000
1,000
1.000
1,000
2,000
1,000
1,000
2,000
i'o"c6
25,000
21,000
25,000
25,000
24,030
25.000
1,000
4,000
3.000
1,000
4,000
3.000
36.000
61,000
61.000
36,000
66,000
63,000
..
1903
1902
All others—
1904
1903
1902 ....
Total all-
1904
1903
1902
5,000
2,000
Aoocrdlng to the foregoing, Bombay appears to show an
increase compared with last year in the week's receipts
of 4,0C0 bales. Etports from all India ports record a loss
of 3,000 bales during the week and since Sept. 1 show
a decrease of 30,000 bales.
Alexandria Receipts and Shipments of Cotton.—
Through arrangements we made with Messrs. Choremi,
Benachi & Co., of Alexandria, we now receive a weekly
cable of the movements of cotton at Alexandria. Egypt.
The following are the receipts and shipments for the past
week and for the corresponding week of the previous
two years.
Alexandi ia, Egypt,
November
1902.
1903.
1904.
23.
Receipts (oantara*)—
This week
Since Sept. 1
To Liverpool...
To Manouester
To Continent...
To America
12.000
7.760
7,250
2,500
Total exports. .
*
2,600,99
Since
This
week. Sept. 1.
Export! (bales) —
330,000
300,000
290,000
2,185,225
-
This
j
|
2.870,177
-J
Since
voeek.
Sept.
1,
Since
This
week. Sept, 1.
68,182 12,559
40,163
81,682 14,585
4,550
9,283
2,500
65,418
38.924 5,250
75.005 10,000
900
11,849
83.223
40,139
89,336
23,069
29,500 191,196 18,650 199,310 31.694 235,767
A oantar la 98 lbs
This statement shows that the receipts for the week ending
Nov, 23 were 293,000 cantars and the foreign shipments
fallen on two days of the
29,500 bales.
week, to the extent of seventy-two handredths of an inch.
Manchester Market. Our report received by cable
The thermometer has averaged 55, the higtiest baiag 67 and
to-night from Manchester states that the market is quiet for
the lowest 38,
Statebarg, South CaroZina.— Picking will be practically yarns and firm for shirtings. Manufacturers are generally
icompleted by the end of the month. There has been rain on well under contract. We give the prices for to-day below
one day during the week, the precipitation reaching fifty and leave those for previous weeks of this and last year for
handredths of an inch. The thermometer has average! 59, comparison.
the highest being 74 and the lowest 38.
1903.
1904.
Greemoood, South Carolina.— We have had no rain the
past week. The thermometer has averaged 53, ranging from
SI4 lbs. Snirt- Ootfn
SHlbs. Shirt-l OoU'n
32« Oop. ings, common Mid. 32« Oop. in gs. comnw7i md.
43 to 64.
Twist.
Twist.
to finest.
Uplds,
Uplds
to finest.
Charleston, South Carolina, There has been rain on two
days of the week, the rainfall reaching forty handredths of
a. d.
d.
8.
d.
d.
d
d.
d.
B.
d.
d.
A.
«9 8 5-36 8>« '»9i« 5 5 ®8 IJfl 5-74
an incti, Avdrai<e thermometer 60, highest 75 and lowest 30 Oc.21 8^ '®9l4
'»9i«
5'74
'*9
6-32
"
lis
3
5 5 «8
83$
28 —
The following statement we have also received by telegraph,
'»9l€
5-94
5-44 8«8 ag^ 5 5 ®8
39 3
showing the height of the rivers at the points named, at Nov.4838
•'
5-4
-ag 3
lliSifl a9»4
8^ «95i6 5 5 as n« 614
_- ,
and
Nov.
8 A. M. Nov. 25, 1904,
27, 1903.
" 18 88ie -aa^
1>9 3
5 34 8% ®95,e 5 5 ©a i^t 603
—
—
m
5
" 25 8»i« '99H
Nov. 25, '04.
New OrleanB
Nashville
Shreveport.
Feel.
3-6
3-6
4-6
69
3-5
Vloksburg
3-8
1-8
8-6
Cotton Crop Estimates.— Estimates on tb« cotton crop
made by varioas Cotton Exchanges and
Forfc.— Announcement was made on the Cotton Exchange this evening that the average estimate of 163 members
of the Excbacge placed the present cotton crop at 11,502,000
bales, the highest estimate being 12,400,000 bales and the
lowest 10,800. 010 bales.
Greenville, Miss. The average crop estimate of the members of the Cotton Exchange is 10,848,000 bales.
Clarksdate, Miss. The average crop estimate of the members of the Cotton Exchange is 10,900,000 bales.
Messrs. Latham, Alexander & Co.. New York, made public
on Saturday their estimate of the cotton crop of 1904-05, the
total reached being 11,300,000 bales.
Messrs. A. Norden
Co., New York, estimate the crop at
—
—
&
Savannah
of cotton at
for the week ending Nov. 24 and for the season
to Nov. 34 for three years have been as follows.
Bombay.
41,000
Sept. 1.
1.937
26.403 3.040 22,548
617
4.627
5,075
11,543 1,300
4.604
4.70ti
43.021
...........•-•
3,976
493
Total
8,694
1,681
1903.
9,376
1,176
743
31.779 11.117 10,561
4,9 S7
for the week ending this evening reach a total
of ],4;4 bales, of which 1,344 bales were to Great Britain,
to France and 70 to Bremen, and the amount forwarded to Northern mills has been 3,543 bales. Below are the
exports for the week and since Sept. 1 in 1904 and 1908.
The exports
Week Ending Nov. 2S Since Sept.
from—
Movement from all Ports.—The receipts
Bombay and the shipments from all India ports
Week.
6-20
Stock.
This
iStnee
This
Since
week. Sept. 1. week. Sept. 1. 1904.
Charleston, &o..->.- --......
Florida, &o ...
1903.
Week.
174000 37.000
Since
Sept. 1.
12J.O0O
from
Sept.
1
1902.
Week.
31. OOO
Oreat Fr'nee
Brit'n.
India Cotton
Since
3
1,
1904. North'n Mills
Exports
ll,684,fJ00 bales.
at—
'98
1903.
1904.
Receipts to Nov. 25.
New
Seeeipts
6
—We
of 19u4 05 have been
firms ae tollows:
1904.
5
8i3ie®93lB
have received this
SEA Island Cotton Movement.
(Friday) evening by telegraph from the varioas ports the
details of the Sea Island cotton movement for tbe week
The receipts for the week ending to-night (Nov. 25; and
since Sept. 1, 1904, the stocks to-night and the same items
for the corresponding periods of 1903, are as follows:
60
11
50i
6
'03,
Feet.
Above eero of gauge.
Above Eero ot gauge.
Above zero of gauge.
Above zero of gauge.
Above zero of gauge
Memphis
Nov. 27,
70
Savannah...
Oharl't'n,&o
Florida, (bo.
New York..
<(c.
Total.
Sines
Week. Sept.l.
2,858 10,030
1.160 10,209
Oreat Fr'nee
Total. BHl'n.
70
7,l7i
die.
456
556
1,937 10,305
1.344
i",344
Boston
PhUadelp'a.
3.637
"ii'i
3^778
775
54
776
54
Since
Sept. 1.
P8000
Total
Totalises.
1,344
70
l,414!ll,638
2,999 14,637
3,543 21.070
828!
76
903 6.929
3.610 10,^39
1,912 12,447
-
Nov.
THE CHRONICLE.
20, 1904. J
—
Censcs BuBEiu s Report on Cotton Ginning to Nov 19
The Division of Manafactarea of the Census Barean re
ported this noon that in 681 oonnties oat of 814 cotton
producing conDties in the United States, there had been
ginned up to November 18th this year 8,921,135 running
bales, against 6,414,658 running bales in the same counties to
November 14th last year, or, counting round bales as half
bales, the comparison is between 8,808,763 bales this season
and 6,179,848 bales in 1903. The amount of cotton ginned in
the missing counties to Nov. 14th last year was approximately
650,000 bales of standard weight. If, therefore, no increase
in amount ginned be shown in those counties this year, the
complete report to Nov. 15th should give a total of about
9,500,000 standard bales, or nearly 3,700,000 bales greater
than to Nov. 14 ih, 1903. Or, if we be permitted to apply to
the missing coanties the same ratio of gain as is indicated by
those from which returns have been received, the amount
ginned to Nov. 18th this year should exceed 9,750,000 standard bales,
EavpTiAN Crop. —Messrs. Choremi, Benachi
Boston and Alexandria, Egypt, write uQdsr date
dria,
&
Co.. of
of Alexan-
Nov. 5 as follows:
The weather continues rainy and rather anfavorahle to the crop,
which has not yet been altogether picked. Receipts show a partial
falling off Id qaallty both la brown and Abbasai and the finer grades
jn consequence show a hardening tendency.
The following is the monthly resume of answers received
by the Alexandria Produce Association for October:
The temperature during the month was warm and favorable to thn
cotton plants, with thf) exception of four or five days of light rain and
cool weather; but the fogs which have occurred almost dally have, in
addition to those during September, neatrallzad the eSects of the
heat. The cotton plants have sufTtred, and complaints are rather
nnmerouB. The province of Behera especially have been adversely
atftfCted, whereas several other provlaoes have been aflfaoted to a far
smaller extent, and the eastern seoilona are considered scarcely to
have suffdred at all. The first picking Is finished, anl the seoond is
well advanced in many districts. The results will be less than hoped
for In September. As regards the top crop, which suffared most of all,
it will be much less than last year's.
The yield la ginning oontlDues
to be very Irregular, and averages from 2 to 3 per cent below last
year's. In Upper Egypt the crop is very good, and that in the Fayoum has befn less favorable. On the whole the reports are less
favorable than In Septembar, and. taking Into due coDsideratlon the
Increase of acreage, especially ia Upper Egypt, we are led to estimate
the total crop at about 6,250,000 cantars. We consider the quality to
be below last year's In class.
East India Cotton Obop,— The second general memorandum on the Indian cotton crop of the season 1904-05 was
isbued under date of Calcutta October 18th, being summarized as follows:
The reports iodlcate a large area under cotton, and, with some exceptions, a good yield. The season has been only fairly good In the
Panjab, and Che favorable prospects in the United Provinces have
be«n marred by damage from excessive rain in the Allahabad division, where Uttlemore than hilf thi norm il yield Is expected. The
area is the largest on record in the Central Provinces and Berar, and
the season has been favorable, the estimate for the former being nearly
a full crop on 1-55 million acres and for the latter 90 percent of a
normal crop on 3'OS million acres. Th9 area under the early crop In
the oeccan districts of Bombay is 20 per cent short of last year,
though etUl above the average, and the principal crop grown in Gujarat, K-trnatak and Sml, whljh Is backward, miy reach last year's
area. The September r*ln8 h4ve repaired tha damage done by the
drought in August, and the prospects are generally good. Owing to
defective anl lil-ilinea ralnfiiU, the area ia Madras up to the end of
September shows a serious shrink ige, nearly one third of the average
areafor the time of year, but later reports may be more favorable.
The present condition of the crop Is fair. Cotton cultivation is still
relatively unimportant in Barmah, bat the area of 181.000 aores
greater b; 30.000 acres than in 19 J3, and the condition ol the crop is
excellent.
2481
itar Beginning September
UontMy
Receipts.
1904.
1903.
The Following are the Gross Receipts of Cotton
York, Boston, Philadelphia and Baltimore for the past
week, and since Sept. 1, 1904.
This statement shows that since September 1 the
receipts at tha ports this year were 747,495 bales more
than in 1903 and 546,389 bales greater than in 1903. By
adding to the totals to Sept. 80 the daily receipts since that
time we shall be able to reach an exact comparison of the
movement for the different years.
1904.
1903,
BOSTON.
PHILADELPH'A.
from—
N.Orleans..
Texas
Savann'h &c
Mobile
.
.
Florida...
So. Carolina
This
week.
8,366
16,740
Tenn.,
Jkc
6,698
1.876
19,3)0
1.263
8,f2)
8,103
71,095
2,407
2,4S4
59,3
Last
year...
This
week.
.Since
Sept. 1.
BALTIMORE.
This
week.
Since
Sept.
1.
This
week.
Since
Sept. 1.
"
"
"
"
"
"
59.228
48,001
80,618
46.671
2...
3...
4...
5...
6...
S.
62,008
94,189
50.648
57,308
67,943
66.182
7...
••
8...
••
9...
" 10...
" 11...
" 12...
'•
18...
S.
" 14...
'<
"
"
"
"
"
"
"
"
71,735
79.146
66,083
55.590
66,058
46,264
15...
16...
17...
18...
19...
20...
21...
22...
23...
" 24...
" 25...
8.
64.886
100,601
46.770
41,543
69,845
5,000
7S,00a
1,030
S2,68S
1901.
19C0.
10,000
1899.
57,125
83,372
63,001
55,131
77,648
65,631
8.
71,973
101,896
65,481
71,242
73,074
58.908
8.
57,506
104,486
75,666
47,770
83,728
66,010
S.
51.437
102,345
45,304
46,235
8.
46,316
68,949
49,492
45,024
68,536
48,433
8.
60,627
65.992
63,013
49,720
74,663
61.495
8.
55,323
62,367
64,719
41,783
64,181
40.138
8.
61.664
75,699
8.
61.017
76,049
53.001
53.763
65.379
43,02S
8.
56.731
70,246
47,980
42.088
70,936
44.884
8.
49.242
47,845
65,342
45,249
80,497
42,67P
S.
44,939
38,458
43,761
8.
45.436
65,776
52,187
42.612
56,961
31,331
8.
28.409
33,441
38,015
S.
49,262
41.f02
^2.454
29,937
ei,23l
36,363
50,17.'
8.
48.734
39,633
49,020
59,629
32,882
65,963
46.939
40.915
41.419
50.335
44,360
S
64,012
39.469
51,977
33.167
40,756
40,298
8.
46,001
67,008
43,978
41,698
52,088
38,156
8.
Total.. 4,'Z10.978 8.537.«03 3.401.479 3.^53.276 3,11«.932 2,8«8.151
This statement shows that the receipts since Sept. 1 up to
to-night are now 672,675 bales more than they were to the
same day of the month in 1903 and 805,799 bales greater
than they were to the same day of the month in 1902.
We add to the table the percentages of total port receipts
which had been received to Nov. 25 in each of the years
named
The Exports of Cotton from New York this week show
an increase compared with last week, the total reaching
Below we give
11,677 bales, against 10,165 bales last week.
our usual table, showing the exports of cotton from New York,
and the direction, for each of the last four weeks; also the
total exports and direction since Sept. 1, 1904, and in the last
column the total for the same period of the previous year.
BXPORTS OF COTTON (BALES) FBOM NEW YORK SINCE SEPT. 1. 1904.
Week Ending—
Exported to—
Nov.
4.
Nov.
11.
Nov.
18.
1.476
2.173
2.268
1.576
Tot. TO Gt. Brit'n 1.476
4,131
2,508
LlverDool
.
......
Otlier'Brltlsh ports..
Totat
since
Sept. 1.
Nov.
26.
.•.,68
1
932 3,074
8.t)05
Total French
Hanibur/5 ............
Other potts
""67
125,973
161,341
9,102
82,367
50
9,153
22.417
26,182
5,470
38.893
2,029
18,894
67
"276
""25
""5*4
425
276
1,500
84
30,669
59,316
1.887
4.220
6,157
3.018
41.314
30,532
Tot. TO No.EOROPE
506
Total Spain, &c..
6b AND
year.
143,733
7,608
358
.... ......
&o
1.475
Same
period
prevuma
113,162
12.811
60
Other French ports..
Spain. Italy.
All other
11,096
Total....
1,887
4.220
8,018
41,819
30,638
3.788
8,986 lo!^166 11,677
207,613
263,600
6,157
1,100
—
8,000
6i.l78[
1,817
3,870
616
4,850
3,975
s.eeal
3,5Q3
1.694
7.101
39.808
49j.97f
18,080
66.819
470.873 10,616
ForelKn....
ToUl
1.
41,641
161,229
110.954
No. Carolina
Virginia.
North, ports
Since
Sept.
1902.
Oct. 31.. 2,803,365 2,055,670 ?,256,97e 2,006,299 2,139,494 1.931,931
Nov.l...
85,596
8.
45.340
60,813
42,731
32,006
Bremen
B«ceipt*
1899.
Total.. 2.803.365 2,055,870 2,256,976 2.006,29S 2.139,494 1,931,931
Havre
at
New
Nkw York.
1900.
Sept'ber 1,070,701
676,971 903.769 446,768 622,783 800,866
October. 1,732.661 1,478,899 1,353,217 1,559,531 1,516,711 1,131,065
U
Jute Butts, Bagqing, Etc.— The demand for bagging durt
ing the past w<iek has baen dull, but prices are uac&angad ae
6%c. for 1% Ibi. and 6^o. for 2 lbs, standard grades. Jut
butts also QuU at 13^@lJ^j. for paper quality and 2@2J^c'
for bagging quality.
1901
1902.
1.
2,601
B,O0O
170
35,102
313
1.724
109,818
1.318
27.803
6.987
66,825
182,411
1.160
23,491
~3,76»
78.200
655
Comparative Port Receipts and Daily Crop Movement
—A comparison of the port movement by weeks is not
accurate, as the weeks in the different years do not end on
the same day of the month. We have consequently added
to our other standing tables a daily and monthly statement, that the reader may constantly have before him the
data for seeing the exact relative
movement
for the yeraa
named. The monthly movements since Sept. 1, 190i, and
n previous years, have been as folio wa:
SHiPPiMa News. As shown on a previous page, the
exports of cotton from the United States the past week have
reached 283,526 bales, The shipments in detail, as made np
from mail and telegraphic returns, are as follows:
Total baUt,
Liverpool, per steamer Victorian, 5,305 up5,631
land and 226 Sea Island
To Manchester, per steamer Oavoar, 1,956 upland and
l.liK Sealsland
3,074
64
To Antwerp, per steamer Vnderland. 54
Phoenicia
To Oenoa, per steamers Hoheiiz >llern. 603
2,594
(additional), 109....Prln7. Adalbert. ',982
To Naples, per steamers HoheDzoUero, 93... Prinz Adal424
bert, 331
New Orlbamr—To Liverpool— Nov. 11— Steamers Cestrlan,
Nov. 23 -Steamer MaRlolaD,
20,89,''>; W»yf»rer, 22,h40
60.035
10,000
Nov. 2.') -Steamer Horace, «,H00
To Manohestfr-Noir. 19-8tr. Manohnster Miller, 10,000.. 10,000
l^.te8
To Htivre— Nov. 19— Steamer MonteiiKle. 15.4^8
10,495
To Hrpmen— Nov. 19 -8t«<»mer Alexandrian, 10.495
Polarst.j
19Steamer
jman,
Nov,
1.876
1.876
HamburgTo
New York—To
.
e
.
THE CHRONICLE.
2162
Nbw
OHi.KA.tiB—< Oo7ieiuded)—
Total balei.
5a&
To Roiterrtbin- Nov. 18— Steamer Plltvloe. 625
5.9'iO
To BHTOPloLa— Nov. 2a— Bteimier Martin Saenz, 5,740
7('0
To Mexico -Nov. va-Steamer Nor. 700
OALVB8TOM To Liverpool -Nov. 22— Steamer Iran. \»<,028
16,028
To MHnobeatvr— Nov. 19 -Steamer Aleroedea de Larrluaga.
The
prices of futures at Liverpool for each day are given
Prices are on the basLa of Uplands, Good Ordinary
clause, unless otherwise stated.
Sat.
men.
Nov. 19. Nov. 21.
12.922
12,922
8.79i
ran. 4.04H...
11,226
To Genoa -Nor 15— Sreamer Oltta dl Palermo, 11,226
I,6s0
To Mfx'oo -Nov 23-8tehmpr Telefon, i,65w
POKT Abtiior— To Liverpool -Nov. 22 Str. v*'averlv, 10,8t2 10,842
9,478
To Breimn-Kov. 21-8te»mer EiBtward. 9,478
MOBILB-To Liverpool- Nov. 2i-Steamer YoU. 8.190
8,190
Peksacola-To Liver tiool- Nov. 19— Steamer Allola. 4.439 ... 4,4i»
SAVANNAH- To Bremen— Nov. 19— Steamers Apolo. 6,1 28; i^ord
Erne. 7.242; Undaunted. 4.317
Nov. 22-Steamer
Queen E;eanor, t<,3,J4
Nov. i3-Steamer Turklstan,
"
31,604
6.595
To Hamburg? -Nov. 19 - Steamer Apolo, 675
To Kl»;a- Nov. 19-8teaDaer Apolo. lOO...Nov. 22 Steamer
Queen Eleanor, 450
To 'ioiheLbiiri? Nov. 19— Steampr Apolo. l-'SO
To Reval— Nov. 19— Steamers Apolo. i; Lord Erne, 1,700;
Undaunted, 1,876 ...Nov. 23— steamer Tarkl«tau, 550...
To Norrkoplnj? Nov. 19— Steamer Lord Erne, 100
To Malmo Nov. 19— Steamer Apnlo, 300
To Opjrco- Nov. 19— Steamers Lord Erne, 100; Utidaunted,
300
To St Petersbnrs: Nov. 22— Steamer Qieea E eanor. 150..
Bbdnbwiok— To Manchester- Nov. 25-8ir. Ualrncrai^. 7,616.
0HABLE8TON— To Bremen— NOV. 18— Str Aberseldle, ll.lOt...
WliMiNGTON To Bremen— Nov. 23-Steamer Ferntleld, 9,842.
BosTOK -To Q noa Nov. 19— Steamer Oanoplc. 1.200
To Yarmoalb-Nov. 23— Steamer Boston, arts
Baltimore— To Liverpool -Nov 18 Steamer Indore, 4,749...
PHILADEU-HIA-To Liverpool Nov. 13- Str. Merlon. 2,103
8ar Frakoisco- To Javan— Nov. 19 -Str. Mancharia,, 2,5 )0...
11 ,104
9 fl42
1,200
265
4,749
2,103
2,.'S50
Tuet.
13®15
18®15
16
16
21*
20
16
21*
16
21*
16
21*
80
20
18
20
26
28
20
20
13
20
26
28
20
20
c
so
e
Antwerp
e
20
13
Ohent.v.Antw'p.c
Beval, Indirect..
Genoa, Nov
20
13
80
20ifl
Beval, via <?anal.c
Baroe'o'ia. Nov.-c.
¥*%.
if on.
13915
Hamburg
13^15
n
o
26
28
18920
18O20
15
23
15
15
15
15
20
20
20
20
c.
Trieste
e
Japan (via Suez).c
—
*
Iba.
And
26
28
Nov.
week
bales.
Of which exporters took. ..
Of which speculators took.
Bales American.....
Actual export
..
Forwarded
6 per cent.
Of which American— Est'd.
week
Of which American
60 000
1,00(
1,000
2,000
8,000
40,000
6 0Q(
40,000
9 000
67,000
42.000
7,000
102,000
452,000
405,000
194.000
172,000
417,000
370,000
36 000
324 000
164 0(0
156.000
Of which American
Nov. 18
49 000
384 000
3i9 00(
afloat
Nov. 11
46 00(
90 00(
371,001
Total stock— Estimated
Total imnort of the
A.
867 000
323 000
73 000
€0 000
449 000
399 000
40 000
7.000
74 000
490,000
440,000
119 000
104,000
464 000
407,000
The tone of the Liverpool market for spots and futures
each day of the week ending Nov. 25 and the daily closing
prices of spot cotton, have been as follows.
Bat'day.
Bpot.
Market,
12:30 P. H.
i
Unlet.
\
Mid. Upl'dB,
Sales
Spec.
& exp.
Mond<iy. Tuetday. Wed'day. Thurid'y Friday.
Pair
bUBiness In bnyers Moderate
demand.
fsTor.
dolnK.
Qnlet.
Moderate
demand.
32
6'28
5-28
518
5 13
5 08
6,000
300
8.000
7.000
7.000
8 000
7.000
300
300
300
300
300
6
opened.
Market,
4 F. M.
\
\
{
^
Onler,
anch. to
1 pt.
dec.
Qalet
ai
8 pts.
decline.
Quiet at Steady at
ipt.
decline.
8pU.
deoiiue.
Sr'lyifdy
Firm,
Steady at Rasy at
1®2 pt». unob. to 8iS4 pts. 10®13 pt«.
decline
decline.
1 pt. dec
decline.
Bagy at
10^2
pie.
decline.
.
1
l<ai9
Nov. 25.
d
d.
d.
1
d.
d.
d.
d.
5 06 5 U2 6 00
5 03 5 00 4 98
5 03 5 00 4 f-»
6 07 5 04 5 03
5 09 5 06 5 05
5 11 '' C8|5 07
613 5 11 5 09
8 16 5 1216 11
6 16 5 185 12
5 Ifi 5 14 fS 13
5 12 5 10 5 11
d.
K
5 28 5 27 S i0 6 16
5 29
,5
5 29
.•>
28
28
6 24 5 24
i....i
—
^
21 5 18
s
21 6 18
)
17 5 14
BREADSTUFFS.
Fhiday, Nov.
25, 1904,
A
qniettr market has been experienced for wheat fliur.
There has been an easier tarn to prices for the strain and this
has bad a tendency to hold the demand from fi 'ur buyers in
check, they showing more of a disposition to hold back and
await developments. Prices showed irregularity, eome mills
evincing lack of confidence in tiie future of the marbet and
making special efforts to Sell. Rje fljur has had a mr derate
Buckwheat flour has been quiet but
sale at firm prices.
steady. Corn meal has been firm at unchanged prices.
Speculation in wheat for future delivery has been on a
moderate ecale only and the tendency of prices has been
downward. The weakness in values was most pronounced
early in the week. European cable advices reported lower
markets. The prospects for the Argentine wheat crop continued favorable. Ttie Russian exp rts of wheat, although
showing a moderate falling off from the previous week,
were still large, and there was a fairly good increase
There
in the United States visible supply of wheat.
also were reports of rainfall in some sections of the
winter-wheat belt. Selling for the account of speculative
holders to liquidate their holdings became a feature under
which prices yielded. On Tuesday there were reports of less
favorable weather conditions in Argentina for the growing
crop, too much rain being the complaint, and advices received from the interior stated no relief of consequence had
been received from the prolonged spell of dry waather in the
winter-wheat belt. Buying to cover short sales became a
feature in the speculative market and prices rallied. Wednesday there was a quiet but steady market. The spot market
has been quiet. Today the market was fairly acriveon
stronger European advices, expected decrease in Rass'an
exports, lees favorable crop repojtts from Argentina and un-;
favorable weather conditions in the winter-wheat belt. The
spot market was firmer but quiet,
DAILY OLOSINO PBICESOF WHBAT FUTUBBS Dl NETT
Hon.
Tuts.
Wed.
Sat
Thuri.
'ri.
l?Oi«
No.2redwlnter. f.o. b... 119k ll8i« 119»e llitss
llt>^
llOSs
116i«
May
lliH
lU^
July deuvery in elev
102
102''8
10. 'a
Deo. dellv. In elev
May dellv. In elev
July deilv. in eiev
WHBAT FUTUBBS
8at
108"8
109ie
97H
11638
IS
Holl-
117i«
day.
H2»«
U'3%
OUIOAOO.
Mon.
Tius.
Wed.
107i«
108is
9708
I09i«
109»«
98»«
108%
Thurs.
p,„„
109%
lOySs
^°"'
98»fl
°*'-
liti«
991*
fri.
Indian corn futures have been moderately active. Early
Weather oonditlons in the corn
in the week prices declined.
belt continued favorable for the crop and receipts showed a
considerable increase, which resulted in freer offerings of
the near by deliveries in anticipation of increasing supplies.
With the freer offerings of actual supplies of corn for December delivery and at a lower basis ot values, exporters have
given increased attention to the market and have been fairly
good buyers; in fact, the demand from exporters was sufficiently biisk to give a stronger turn to the market during
the latter part of the week. To-day the market was firmer
on reports tbat the husking returns from the crop were net
The spot market was firm.
coming up to expectations.
The sales for export here and at outports were 90,000 bushels.
YORK.
DAILY OLOSINO PBICBI OF NO. 2 HIXBD OOBN IN
Fn.
Wed.
Thurs.
Mon.
Tuet.
Sat.
7019
t>9
70
70
Cash corn f. o. b
„ „. 70««
NBW
Deo. delivery In elev
May delivery elev
m
57%
51i«
.ifiSg
57>i>
51B8
5\H
58
51%
DAILY CLOSINO PBICBB OF NO. 2 MIXED OOKM IN
Dec. delivery In elev
Mav deUvery in elev
July deUvery in elev
Sat.
Mon
48
4838
4a»4
45>4
45ie
45>4
Wed.
4938
*^'8
45^8
45''b
49
f8^
51'^8
CHICAGO.
45''8
Tuet.
?°"
*"'J^*
Thurt.
tt„„
rtav
"*^'
Fri.
49%
**'•
46
Oats for future delivery at Western market have been
quiet, and only slight changes have occurred In prices, they
The crop movement
is
decreasing
in the visible supply.
Stocks, nevertheless, are still large, and with a spiritless
trade demand practically no speculative interest has been
2 pts.
decline.
Steady
Prl.
Nov. 24
5 21 6 20 S 12 5 08
5 19 5 1' 5 09 5 04
ft 19 5
5 09 5 04
6 21 5 2< "> 12 6 08
6 23 5 2i 3 14 5 10
5 24 5 2:- i 16 5 12
5 26 5 2f. S 18 5 14
....
holding to a steady basis.
Qnlet at
Qnlet.
Thnra.
and there was a small shrinkage
Ful-uret.
Market
\
DAILY OLOSmO PKICBB OF
18®20
LivEBPOOL. By cable from Liverpool we have the following
statement of the week's sales, stocks, &c., at that port.
Sales of the
d.
\
Dec. delivery In elev.... II6J4
lllOg
delivery In elev
102»«
......
Quotations are cents per 100
Wed.
Nov 28
YORK
13
20
26
28
18020 18920
May
100
300
18® 15
21*
d.
-.
Sept -Oct....
aatur.
t
\
^22
4,126
The exports to Japan since Sept, 1, 1904, have been 27,073
bales from Pacific ports.
Cotton freights at New York the past week have beeo
as follows.
Havre
Bremen
.
June- Inly.
Jnly-Ani?
Auk -8ept
Oreat French Oer- ^Oth.B'rope—^Mexico,
BriVn. ports, many. North. South. <£c. Japan, Total
54 3,018
11.677
New York. 8,605
625 5,950
700
105.049
N. Orleans. 70.y:i5 15.468 12,371
6i.367
Galveston. 28. 50 ...... 19,541
11,226 1,650
y,478
20,320
Pt. Arthur. 10,842
MobUe
8,190
8,190
Peneacola.
4,439
4,439
40O
38.055
Savannah
32,279 5,378
Brunswick 7,616
7.616
11,1'J4
11.104
Charleston
Wllm'gfn
9.842
9,842
Boston
1,200
265
1,465
Baltimore.
4,749
4,749
Phli'oelD'a
2,103
2,103
Ban Frail..
2.550
2,550
Total.. ..14e>,d29 .5,463 94,615 6,955 21,794 2.615 2,550 288 526
Wednet. Thurt.
Jan.-Feb ..
Feb.-Mch.
Mch. -April.
April
d.
25 5 24 5 2l'5 23
5 225 19 5 21
5 23 5 225195 21
2!> 5 24 5 21 5 23
5 27 A 265 23 5 2^
S27 6 27 5 24 5 26
^ 30 5 <;9 5 26 5 28
s 31 5 30 5 23 5 30
S32 5 31 5 29 6 31
i32 5 315 29 6 31
i
Nov.-oec...
Dec.-lan...
550
150
The particulars of the foregoing shipments for the week
arranged in our usual form, are as follov?s.
c
Liverpool
Manchester, ask.
d.
November
May- June..
400
150
7,6i6
Tnes.
Aop. 22
12i«| 4
1 12>«l 4 'l2>t 4 IZ^sl 4
12>al 4
12>s
P.M. P. M.|f. 1I.|P.M. P.M. P.M. P. M.;p.M. P. M.IP. M. P.M.]P.1|.
675
288,526
Total
Vol. Lxxix.
below.
To Brnmen Not. 15-Hteamer Imani, 10,748
10,748
To Hambnr*< Nov. 19 Steamers Oallota, 4,750; loobar-
Amount
.
.
hi
pts.
decline.
shown. Locally the spot market has been steady. To day the
market was steadier.
DAILY OLOSINO PSIOBS OF OATS IN NEIY YORK.
Thurt.
Wed.
Sat.
Hon. Tuet.
Nom. Nom. Nam. Nom. HollNo. 2 mixed In elev
day.
Nom. Nom.
S6>a Nom.
No. 2 white in elev
Fri.
Nom
37
:
Nov.
THE CHRONICLE.
26, 1904.]
DAILT OLOBINO PBIOEB OF NO. 2 MIXED OATS IN CHICAOO.
Ihurn.
Wed.
Fri.
Mnn. Tues.
Sal.
Deo. delivery In elev
May delivery in elev
July delivery in elev
31
81 »e
28T8
SlSs
3114
Sli^
31»fl
zesg
28<<8
29i«
Siss
8II3
2914
3119
31>«
Holiday.
Following tire the closing qnotations:
FtOUR.
Patent, winter
Nominal.
¥5
Nominal.
City mills, patent. 6
Rye flonr, superfine 4
$4 00 -a* 10
Baobwbeat floor.. 2
4 25 a 4 70
Corn meal—
4 40 ®5 35
dears
Western, eto
3
5 25 «r>75
etralghtB
Brandy wine
3
6 60 ®6 75
Patent, spring
OBADf.
Com, per bush0.
o.
Wbeat, per busn—
f.o.b.l22s^
Western mixed..
N. Dnf.No.l
Flne....~.r
Superfine
Extra, No. 2
Bxtra, No. 1
.
Oats— Mixed,
No. 2 mixed
No. 2 yellow
No. 2 white
Rye, per bush-
f.o.b.U4i4
N. Dnl., No. 2
„
Bed winter, No. 2..
Hard winter. No. 2.
.
f.o.b.l20i«
f.o.b.ll8ifl
34i«935ia
36 -»40
Nominal.
p. bnsta.
White
No. 2 mixed...
No. 2 white
S7
75 -ae 15
30 ©6 80
50 -95 00
00 '8)2 25
10
®S
15
'93
0.
o.
f. o.
f. o.
b.71
b.71i«
b.71
84 '3>S7
Nominal.
52 'a>68
40 '916
Western
State and Jersey.
Barley— West
Feeding
938
c.
«71
65
f.
16
25
2483
3 and 3*25-yard sheetings and
the latter some sales have been reported at advances of %i, over recent quotations. In addition to this
business some sales of 3'2i and 3'60-yard drills have been reported to the Red Sai. Business in bleached goods has not
been so satisfactory and the disposition oa the part of buyers, especially of high-grade goods, is to await the decision of
the prominent handlers on the first of next month as to the
course of prices for the immediate future. Low-grade goods
oontinne in small supply. Shee's and pillow cases have been
quiet at recent figures. Colored cottons have been firm but
tbe demand has not been heavy. Ducks have again been
taken moderately for export. Canton flinnels and cotton
blankets have been in fair request at unchanged prices Both
staple and fancy prints show some improvement, although
the demand is not entirely satisfactory. Ginghams have
shown less irregularity and business in these is expected
shortly to show more animation. Print cloths are firm, particularly for wide goods of Southern manufacture; but the
call for regulars is not large and prices remain unchanged.
and orders have comprised
Oa
drills.
Woolen Goods.— There have
been no further advances
and Flour from Pacific Ports.— The during tbe week in men's wear Ijght-wtight woolen and
exports of grain and flour from Pacific ports for the week worsted goods, but duplicate orders have been received in
ending Nov.24, as received hy telegraph, have been as follows: fair volume and little diffljulty is experienced in obtaining
From San Francisco to United Kingdom, 150,000 bushels the higher prices now prevailing, Iu light-weights the
barley, and to various South Pacific ports, 12,163 bbls. flour tendency continues to purchase woolens rather then worsteds
and by the end of the season the latter will doubtless be deand 3,000 bushels wheat.
Combining these figures with those for previous weeks, we posed from the premier pi tce. Preparations are still going
have the following, which covers the exports to foreign forward for the opening of the new heavy- weight season, but
countries for the period since July 1, 1904, comparison being there are as yet no definite indications as to when it will
actually occur. Ttiis will depend to a great extent on the
made with the corresponding period of 1903.
Exports of
(i^ruin
Mxportt
Flour,
Wheat,
Oorn,
Oats,
from—
bblt,
busk.
1,116,611
bush.
38,800
8,361
bush.
1,191
San Fran.
381,222
615,010
271,919
PugetS'd.
Portland..
Total... .1.168, 161
lot. 1903.1,307,966
BVFor
704.551
554,760
2,375,922
2.469,467
47,151
14,793
76,992
Barley,
bush.
1,590,513
24,050
8
219,606
78,191
164,350
1.834,169
5,783.730
other table* usnallr slven here see page
Rye,
bush.
422
S46
768
707
'.2437
THE DRY GOODS TRADE.
New Tosk, Fbidat, P. M. November 25, 1904,
The cotton goods market has shown decidedly greater
signs of activity during the past week, and the broadening
tendency previously noted has assumed more definite
form. This may be traced in t:reat measure to the increasing diflfioalty experienced by buyers in obtaining delivery of
the goods tnat they need, owing to the scarcity of supplies of
With little or no prospect of
certain lines in first hands.
incteased manufacture for some time to come, converters
and others see the necessity for protecting themselvas.
Under these circumsances sellers have maintained a vory
fi(m attitude during the week, and in a few instances,
• * yard
notably on goods sold for export, advances of
have occurred. Generally speaking, however, sellers seem
willing for the moment to accept the business that is offerleg, at current prices, rather than run the risk of once more
ohtckiug the demand by raising prices, The cotton market
itself is at present in such a ccnr)ition that there is still little
disposition on the part of either buyers or sellers to operate
far ahead, and lor this reason the majority of orders that are
being placed is for goods for oeir- by delivery. The ex; ore
demand which had fallen off considerably during the last
month or so has agai a become a feature of tbe market, and
as a result the positioa of sellers has been still further
strengthened. The attempt to end the Fall R ver strike miy
be said to have ended in failure, as those mills which are
partly running are doing so at a heavy loss owirg to the lack
ot labor. The woolen goods market continues fiim and the
%
demand
is still aoiive.
Domestic Cotton Goods.— The exports of cotton goods
from this port for the week ending Nov. 21 were 6,891
packages, valued at |885,303, their destination being to the
points specified in the tables below:
clothiers tnemselves. In the dress goods department business continues very satisfactory and the main feature ia the
number of
large call for mohairs of all descriptions.
manufacturers who have not hitherto engaged in this line
will exhibit samples for the new fall season, being iriflaeaced
thereto by the heavy demand for imported mohairs, While
A
domestic manufacturers cannot yet compete with the highergrade foreign goods, on medium goods they are able to turn
out an article that is equally as good in every way. Prices
remain very firm and further advances are expected at
almost any time. Cloakings and skirtings have been moderately active also during tne week, but business in all lines
has been somewhat interfered with by the haliday.
Foreign Dry Goods.— Imported woolen and worsted dress
goods have coDtinned active, tnohairs agdn being the best
in demand. Silks have been firm with a fair business passLinens
ing, and rather more has been doing in ribbons.
have been steady, wiih an Improving demand. Burlaps have
been strong and a'^tive.
importations and Wareltoaae W^ttbdrawals of Dry Goods
Theimportationsand warehouse withdrawals of dry goods
at this port for the week ending Nov, 24, 1904, and since
January 1, 1904, and for the corresponding periodt: of last
year are as follows:
a
n
JT
a
m
,
§:
S:
i
tf
Nbw Yobk to Nov.
Week.
Great Britain
Other European.
China
.........
105
23
4,205
India
Arabia
Africa
West Indies
44
657
45
194
f8S
703
Mexico
Central Amerloa
Bonth America
Other Countries
Total
6,861
Since Jan.
1.363
781
78,404
Week.
1.
;
1
6,849
17,639
8,934
19.070
2
31
1,576
1.180
654
128
115,597
12,801
8»,378
9,049
24,920
1,894
87
495
56
207
876
213
2,241
13.043
50,448
18,885
217,647
Since Jan.
4,643
2,fl77
282,017
1
New
The value
York exports since Jan. 1 has been
of these
0?,711 in 1604, against $12 92J.137 in 1908.
He-ivy brown drills and sheetings have been the best in dp-
113
mand by
borne buyers during the wtek, and iu these goods
both converters and manufacturers have shown onnaidtrHOiy
more interest. They are alno among the most diflBonlt to obtain, as several lines are fully sold up, and for this reason
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shown a
distinct hardening tendency.
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the orders placed have callei for early dBllvery. Light -weight
goods have also been in fair requ ;st at firm prices. The bulk
of the export basiness has been done for Chinese account,
prices have
!
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1.
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:
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2484
BrAlt
y^TJD
City 33$:f/kpTM£WT,
Index.
Ad
—
the Dews matter appeariDg Id this Dppartment for ihe period from July 2, 1904, to Oct. 8, 1904, Inclusive, was published in the Chronicle of Oct. 15, 1904
pages 1664, 1665, 1666 and 1667.
index to
all
News
Items.
I
Vol. Lxxix.
submitted to the pfople on Nov. 8, as some papers reported,
and that no such election will be beld uotil soring.
Big Springs (Texas) Independent School District.— £ond«
Reuistered.— On Nov. 15 the State Comptroller registered
$5,(00 5% 10-40-year (optional) school-house *)onds. Date,
Sept. 15, 1904.
Bingham C'onnty, Idaho. Bonds Defeated.— On Nov. 8,
by a vote of 1.551 for to 3.511 against, the voters refused to
sanction an issue of $70,OCO bridge bonds,
Bluck Diamond Hchcol District, Contra (o^ta County,
Cal.-Bond bale.— On Nov. 14 the $20,000 ^% echool bonds of
this district were awarded to the Bank of Marlim z at 101'26.
bid of 100 07 was received from the Adams- Philips Co. of
Los Angeles. Bonds are described in V, 79, p. 2107.
A
Jefferson City, Mo.— SaZe of Eleciric-Plant Authorized.—
At a special election held Nov. 16 this city, by a vote of 863
to 68, authorfzHd the granting to a Chicago eyadicate of a
20 year fraochise to furnish electric and gas light to the city.
This ratifies, it is stated, the sale of the mnticipal plant to
the syndicate for $1C0.000.
Sonlh Caroliua.— Constitutional Amendments Authorized.
At the recent general election this State, accordicg to uncfficial returns, voted favorably on three Constitutional
amendments. The first of these provides for biennial seesions
of the State Legislature after 1806, the eecocd permits local
or special legislation concerning roads and highways, and the
third relates to municipal corporatione and police regula-
—
Brownvrood (Texas) School District-fionda
— On
/?egf's?ered.
Nov. 16 the State Comptroller registered the $6,500 5%
20-40-year (optional) bonds mentioned in V. 79, p. 2107. Date,
Aug. 1, 1904,
Caldwell Township School District, Essex Connty, N. J.
Bond Election.— On Dec. 5 an election will be held in this
—
district to vote
house and
site
upon the question
of issuing $6,000 school-
bonds.
Calhonn Connty, Iowa.— Bond Sale.— On Nov.
15 the
.$48,C00 6% drainage district No. 9 coupon bonds, described in
Co. of
V. 79, p. 2107, were awarded to Albert Kleybolte
Cincinnati at If 8 25.
&
California.- Bonds Fofed.— On Nov. 8 the people author-
tions.
TeanesBfe.— Amendments Defeated,— RetuTiiB published
in
ized the issnanoe of the $2,000,000 4^ sea-wall bonds described
local papers indicate that all seven of the amendments to the
State Constitution submitted to a vote at tbe Nov. 8 election
failed to carry. See V. 79, p. 1S52, for purpotee of proposed
inV. 79, p 747,
Cambridge, Ohio.— Bonds Authorized.— The City Council
on Nov. 7 passed an ordinance providing for the issuance of
ameLdments.
$11,000 4}4i refunding bonds. Denomination, $500. Dite,
Nov. 10, 1904. Interest, semi-annual. Maturity, Nov. 10,
Bond Calls and Redemptions.
1924.
Chester (Pa.) School District.— Bonda Not Sold—Bond
are Informed that the $30,000 Z}4,% school
Ofering.—We
Denver, Colo.— Bond Call.—C. S. Elder, Treasurer of the
described
in V. 79. p. 1978, were not sold on Nov. 11,
bonds
City and County of Denver, calls the following bonds for
there being no bids for the same, and that the eecuri ties are
payment Dec. 16, 1904:
being re-cffered as 4 per cents.
SrDEWALK BONDS.
E— Bonds Nos. 7 and 8.
No 8— Bonds Nos. 4. 5 and 6.
No 9— Bonds Nos. 5 and 6.
Sanitary District.- Bond O/ering.— ProBoard of Trustees of the Sanitary
District of Chicago will be received until 1 p. M,, December
14, by S. D. Griffin, Clerk, Room 1110 Seouiity Building,
Denomination, $1,000,
Chicago, for $1,600,000 4% bonds.
Stdflwalk Dlst. No.
Sidewalk Dlst.
Sidewalk Dlst.
Sidewalk Dist. No.
l<i- Bonds Nos. Ifl,
Mountatnvlew Sidewalk— Bond No. i.
17
and
Chicago
18.
PAVING BONDS.
Alley Paving Dlst No. 2— Bond Nos. ?. .S, 4. 5 and 6.
Broadway Paving Uist. No. l— Bonds Nos. i'8 and 29.
Fifteenth St. Paving Dist. No. )— Bonds Nos. 66 to "JS, inclusive.
Lower Sixteenth St. Paving District No. 1— Bonds Noc. 16 and 16.
Water St. and West Twenty third Ave. Paving No. I— Bond No. 24.
SEWER BONDS.
Capitol Hill Storm-.Sewer Dist. No. 1— Bonds Nob. 1J6 to 389 and3C8 andaD9.
Capitol Hill Stortn-Sewer Sub Dlst No. jO-Bonds Nos. 8 and 4.
Capitol Hill Storm-Sewer Sub Dist. No. 11— Bond<< Nos. 4 and B.
Capitol Hill Storm 6-ewer Sub Dist. No. 17— Bond Nos. 1.
Capitol Hill Storm-Sewer Sue- Dist. No. 20-Bond No. 10.
Capitol Hill Stoim. Sewer Sub Dist. No. 21-Bond No. 5.
Cap'tolHill Storm Sewer Sab- Ol.st. No. 24— Bond No. 6,
North Denver Sanitary Sewer Dist. No. 4— Bond No. 8.
South Side Sanitary Sewer Dist. No. 3— Bond No. «.
Improvement
Dist. No.
1— Bonds Nos.
Date, Jan. 1, 1905. Interest semi-annually at the office of
the Treasurer of the Sanitary District at Cbicago. Maturity,
$75,000 yearly from Jan. 1, 19G6, to Jan. 1, 1925, inclusive.
Cash or a certified check of Z% of the amount of the bid, payable to the "Clerk of the Sanitary Distiict of Chicago," is
required.
The
official
notice of this
bond offering will be found among
Department.
the advertisements elsewhere in this
IMPKOVtMBNT BONDS.
Capitol Hill
clusive.
Capitol Hill
(111.)
posals addressed to the
2fi
to 30 and I29 to 130, in-
Improvement Dlst. No. 2— Bonds Nos. 21 to 26. inclusive.
Bast Cat itol Hill Improvement Dist. No. 1- Bonds Nos. 11. l'.]8. 14 and 15.
Mountainview Improvement Di^t. No. 1— Bonds Nos. 6. 7 and 8.
South Broadway Improvement Dist. No. 1— Bonds Nos. 21, i2, 23 and 24.
Upon reqaesr. trom itrn holders of any of the above bonds
tea days before the expiration of calls, the City Treasurer will arrange for their payment at the Mercantile Trust
Co., New York City; but not otherwise.
Lake Borgne iidgin Levee District, La.— Bond Call,— The
Board of Commltsiorers of tbis district call for payment on
Dec. 17 at the office of the State Treasurer at Baton Rcuge
bonds Nos. 21, 22, 23, 24, 25, 26, 28, 29 and 80, $1,000 each,
issued Dec. 1, 1892
Ludlow, Ky.— Bond Call,— John C. Richardson, City Clerk,
calls for payment on Dec. 16 |8,000 bonds due June 15, 1928,
and 125,000 bonds due June 16, 1920, both issues being now
subject to call.
Y,—Bond
be received
by Henry E. Thomas, Village
Clerk, for the $7,000 gold electric- light bonds mentioned In
V. 79, p. 2107. Denomination, $350. Intere&t, not exceeding
6^, semi-annually at the Clinton Batk, Clinton, N. T.
Maturity, $360 yearly on November 1 from 1905 to 1924, inBotded debt, including this issue, $51,000. Asclusive.
Clinton, N.
tintil 8
P. M.,
O^erir) g.— Proposals will
December
7,
sessed valuation, $623,000.
Colfax, Wath.- Warrant Cj^eringr.— Proposals will be received at any time by the Fin-ince Committee, care of Howard Bramwell, City Clerk, for $50,000 %% "specialwater-supply-fund" warrants. Authority, vote of 243 to 3 at election
held Oct. 27. Denomination, $250. Interest, semi-annual.
Securities will be payable on call of the City Treasurer.
special fund of 70$ of the gross receipts from water rents has
been created to provide for the payment of the prmcipal and
interest of these warrants.
Colnmbns, G&.—Defcription of Bonds.— Tha $44,600 4% gold
coupon bonds recently authorized to refund those eecnrities
which will mature in 1905, in 1906, in 1907 and in I9i8 will
this
be issued in denomination of $500, dated Jan. 1, 1905. Interweek have been as follows :
Maturest semi-annnally at the office of the City Treasurer.
ity Jan. 1, 1935.
As stated last week, these bonds are to be
AitkiD, Minn.— Bonds Not Sold.— The $24,f00 4^ bonds de- put out in exchange for the old securities as they mature.
scribed Id V. 79, p. 1728, were not sold on Nov. 7, there being
Cookevilie, Tenn.— Bond Election.— On Dec. 3 this city
no favorable bids received.
will vote upon the question of issuing $25 000 electric-lightAlbion (N. ¥.) Union Free School District No. l.-Bonds plant, water- works and street bonds.
Defeated.— At the election held Nov. 11 this district, by a
Covington, Ky.— Bond Offenng.— It is stated that tbis city
vote of about 165 for to 4C0 against, defeated the proposition will receive bids until Dec. 20 for $2,732 68 10-year Letltia
to issue $42,500 htyh-sohool-building bordp.
are advised Street grading, curbing and paving bonds
that anew proposition will be eubmitted in the near future.
Cnero, Texas.- Bonds Begi*^ered.- On Ncv. 16 $1,900 5!<
Batb Toivnthip (P. 0. Akron), Ohio.— Bonds Voted.— Od 10-40-year (optional) water-works-improvercent bonds were
November 8, by a vote of 143 to 120, this township authorized registered by the State Comptroller. Date, Nov. 1, 1904.
the ieeuanoe of $2,8uO town-hall bonds.
Delaware, Ohio. Bids. The following bids were received
Belmont, Mas».—Miturtty (f Bonds Changed.— The Town on Nov. 14 for the $5,100 5^ sanitary- sewer bonds awarded,
Treasurer informs us that, owing to the fact that the ma- as stated last week, to S. Euhn &Sons, Cincinnati at 106*50:
turity of the $31,000 4% school bonds awarded last September
Premium.
Premium.
to Adams
Co. of Boston was not in strict accordance with 9. Knbn ft Sons. Cincinnati.. .$':80 60 Denlson. Prior & Co. .Cleveland
JzaS 07
and Boston
the law, the same bas been changed from $1,000 yearly for A. Kleybolte 4 Co.. Cincinnati.. 27(< 60
217 26
Heasouaood &. .Mayer. Clnoin..
25 ProT. Sav. Bk. A Tr. Co., Cln.
nine years and $2,000 yearly for the following eleven years W. K. Todd & Co.. Clnctn
207 60
265(0 New l»tNat. B'k.Columbu»
2R8 60 w J Uaveii* eon»,tleTeland. 186 00
P 8. BrIuBS 4 Co., Clncln
as originally authorized, to $2,000 yearly from 1906 to 1915
Feder, Holiman i Co., Cin
242 00 Hayden, Miller* Co.. Cleye.... 16000
Inclusive, and $1,000 yearly from 1916 to 1924. Adams
10460
237 60 S A. Kean.eblcaKO
Co. Weil. Roth* Co.. Cincin
2'.;9 50
Kleybolte
ClDOinn&tl..
DaylonSay.&Tr. Co.. Dayton. 30 00
B.
&
Co..
cf Boston have taken the bonds as re-authorized on the same
basis as their former bid.
ar^ advised that t^li8 city
Danville, III.— Bond Sate.BeneoD, yeh.— Bonds Not Voted Upon.—
are advised has sold to a local bank an i jsue of $22,000 iy^i coupon parkthat the question of issuing $15,000 water bonds was not fcite bonds. Date, Nov, 21, 1904. Danominauon, $1,400. In-
A
Bond Proposals and Negotiations
We
—
&
.
.
2(S.'i
.
&
We
We
.
.
I
—
Nov.
THE CHRONICLE.
26, 1904.]
on July 1 in DdnvIUe. Maturity, $4,400
from 1910 to 1914, inclusive.
DaiiTille, Y a.— Bonds Voted,— On Nov. 8 the question of
iseuing |1(jO,000 i% water, bridge and Improvement bonds
carried by a large maji rity. Bonds will mature Jan, 1, 1935.
East CJIeTelAud, Ohin.— Bend Offering,— Propos&la will be
terest annually
yearly on July
1
received until 12 m Dic, 19, by the Clerk of the Village of
East Cleveland, at, No. 600 The Schofield Building, Cleveland, Ohio, for $10,0«0 4% 10-year-water bonds. Date, Nov.
1,1904. Denomination, |1, 000. Interest, semiannual. Certified obeok for 1V% of amount of bid, payable to the Treas
urer of the Village cf East Cleveland, nqaired, and the sue
cessful bidder must pay accrue i interest.
are advised that
East St. Louig, 111. -Bond bale.—
the $43,100 5% 2-5-year (serial) special improvement bonds
mentioned in last week'a Chronicle were awarded to the
Savings Bank of East St. Louis at par.
Union Trust
DenomiDatioD, |500 and flOO. Interest, annual.
Eljria (Ohio) Scliool District.— Bonds Voted.-On Nov,
are
8 this district authorized $30,C00 school bonds.
advised th«t theee bonds will probably be issued about
April 1, 1905.
Esranabs, Mich.— Bonds Voted.— On Nov. 8 the proposition to issue |5<).f00 paving bonds (city's proportion) carried
hy a vote of 1 277 for to 484 against.
.
We
&
We
Sold.— On Nov. 1 this town
D?nomincfifered $3.(00 6^ 20-year gold road bonds for sale.
Iiaterest, eemi-annual.
We are informed that
ation, |500,
thfse securi'ies have not yet been disposed of.
Fergus FhI1« (Mien.) School District.— Bonds Re voted
and Sold.— The election Oct. 31 resulted in favor of issuing
the $4(5,000 i% 15-year bonds mentioned in V. 79, p. 1979.
These are the bonds awarded last September to N. W. Harris
Co. of Chicago, which firm subsequently refueed to take
th(m unless a second election was held to legalize the samp.
The new election has now been held and the bonds taken by
the Chicago firm at the price originally bid.
FindSay, Ohio.— Bonds Defeated. The proposition to issue
$£0,000 park bonds failed to carry at the recent election,
according to returns published in local papers.
Forestport (N. Y.) School District.— Bonds Proposed.-This district has under consideration the issuance of bonds
for a new tchool hcuae.
FoMjlh tonnty (P. 0. Cnmming), Ga.— Bond Election.—
An election will be held in this county today (Nov. 26) to
vote upon tb? queetion of iseuing bonds for the erection of a
new court honee.
Fremont omo.— BoKd Oj^enngf.— Proposals will be received until 12 M Nov. 28, by the Clerk of Council, for
$6,932 43^^ coupon West State Street sewer bonds. Denominations, §300 and $400 (one bond|432).
Interest, April 1
and Ojt. 1 at the cffica of the Sinking Fund Trustees. Ma-
MIbd.— Bonds
Ffeeley,
Tiot
&
—
,
turity as follows
1300 April, 1905.
800 Oct. 1, VO"-.
400 April 1, 19C6.
400 Oct. 1, 19np.
300 April ].la07.
I
I
I
I
$300
400
300
300
400
April 1, 1910.
Oct. 1. 1910.
April 1. 1911.
Oct.
1.
I
I
191;.
April 1,1912.
$300
300
400
4O0
433
Oct. 1, 1912.
April 1,1913.
Oct. 1, 1913.
April 1, 1914.
Oct. 1 1914.
check on a Fremont back for $800 required.
Frisco (Texas) Independent School District.— Bo^ds Registered,— The State Comptroller on Nov. 16 registered $2,0u0
A% 6-20-year (optional) school-house bonds of this district.
ttalliu
6. 1904.
County (P. 0. Gallipolis) Ohio.— Bond Offering,—
Proposals will be received until 1:30 P. m. Dae. 7, by J. T.
Hanson, County Auditor, for $10,000 5« refunding bonds.
Date, Dec. 7, 1904.
Danominatlon, $500.
loterest semiannually at oflBce of the County Treasurer.
Maturity,
$2,000 yearly on Dic. 7, from 1917 to 1921, inclusive.
Authority, Sec. 2834 1, Revised Statutes of Onio. Certified
check for 5% of amount of bid, payable to Cbarles W. K-^rr,
Treasurer of Gallia County, required, and the euccessfal
bidder must pay accrued interest.
Goshen, N. Y.—Bond Sale.— O a Nov. 16 this village sold
$10,000 water bonds to W. J. Hayes
Sons, Cleveland, at
101.
Date, Dec. 1, 1904. Denomination. $1,000
luteirest,
semi-annual. Maturity, $1,000 yearly on Djc. 1 from 1909 to
1918, inclusive.
Pres-nt Indebtedness (exclusive of new
issue) is $35,500,
Assessed valuation, $1,474,750.
Grove City, Ohio.— Bond Sale.-Oa Nov. 4 the $1,000 6f
3-year street improvement bonds mentioned in V. 79, p. 2108,
were awarded to the First National Bank of Grove City at
&
103.
Hamilton, Ohio.— Bond peering.- Proposals will be re
ceived until 12 m Dae. 17, by Thad, Straub, City Auditor,
for $7,000 43^1; 10-year coupon etorm-sewer bonds. Date, Nov.
D nomination, $500. Interest, semi-annually at
1, 1904,
the Second National Kink, Hamilton. Cartified check drawn
*'
without condition as to payment" for 5% of amount of bid,
or an equ-il amount in cash must be deposited with each
bid and the purchaser will be required to pay accrued
,
interest.
Harrison (N. J.) School Districts.— Bonds Fofed— This
on Nov. 18 voted to issue $45,000 5% school house
bonds.
This is the second time these bonds have been
passed upon by the voters, some technical errors having
being found in the earlier election. Thy bonds are to be
lEBoed in denomination of $2,000. except one bond for
$1,000,
Maturity, $1,000 Feb. 1, 1907, and $3,000 yearly
district
thereafter,
Hart
County,
(Tillage),
Brace
County, Oat.— Debenture
Offering.— ProposaU will be received by John Robinson,
Reeve, for $1,512 50 debentures of this village, guaranteed
by the Township of Amabel.
Herkimer, N. Y.—Bond Election.—The election which was
to have been held on Nov. 19 was postponed until to day,
when the question of issuing $3,000 bonds for the completion
of the City Hill will be submitted to the people.
Hamboldt, Kan— Bonds Voted.— A.t the recent general
election this city authorized the issuance of $45,C03 bonds
for a water-works system. The vote was 262 for to 188
against,
We are advised that no details have as yet been
decided upon.
Iowa City, Iowa— Bond Sale.— We are informed that the
$16,000 refunding bonds mentioned In lasi-. week's Chronicle
as having been sold to Geo, M, Bechtel & Co. of Davenport,
were awarded at par. Date, Nov. 1, 1904. Denomination,
Interest at 4.}4% payable in June and Dacember.
$1,000.
Maturity, |4,000 yearly oa June 1 from 1913 to 1916,
inclusive.
—
Jasper, Ala.— Bond-t JDe/eafed
The $15,000 5% sanitarysewer bonds mentioned in V. 79, p. 2109, failed to meet with
approval at the election held Nov. 14, the vote cast being 47
for to 121 against the proposition.
—
Bonds Registered,— O a Nov. 18
Jefferson County, Texas
the State Comptroller regiiiered the $12),0
5% 20 40 year
(optional) road bonds mentioned in V. 79, p. 749.
Date, August 10, 1904.
Bond O^eringr,— Proposals will be received until 10 A m
D?cember 1, by D, P. Wheat, County Judge, for the $125,000 5jf 30-40-year (optional) road bonds mentioned above.Date of bonds, Aug, 10, 19;i4. laterest, annual. Certified
check on a local bank for $1,000 required.
Kiel, Wis. Bond Offering.— Pcopoe&\8 will be received until 8 P. M,, Dic. 5, by A. Lindner, Village Clerk, for $22,000
5t water-works bonds. Denomination, $i00. laterest, Fet). 1
and Aug. 1. Maturity, $1,000 Feb, 1, 1910, and $1,5'»0 yearly
from 1911 to 1924, Inclusive. Authority, election held Nov. 8,
The village has
1904, the vote being 169 for to 83 against
no bonded debt at present. A?s3ssed valuation, $548.65').
La Belle, Mo.— Bond Sale,— We are advised that the
,
$2,700 5i electric-light-plant bonds mentioned in last week's
Chronicle were awarded to John I, Agnew at par.
.te,
Oor. 1, 1904
Danomination, $100. Interest, semi-annual.
Maturity, Oct. 1, 1924. subject to call Oil. 1, 1909.
Accordingto local papers,
Lexington, Ky.— Bond Offering
proposals will be received until 12 M„ March 1, 1905, for the
$20,000 auditorium and $50,000 of the $100,000 s^wer bonds
voted at the election on Nov. 8. Denomination, $1,000. Interest semi-annually at the city depositary, the Ptoeaix
National Bank of Lexington, Ky. Authority, Section 3078,
Kentucky Statutes.
D
—
We
:
1400 Oct. 1,1907.
30 Apill 1, lMf'8.
SCO Oct. 1.1908.
400 April 1, 19P8.
800 Oct. 1,1909.
Certified
Date. August
Hep worth
2485
Ky.— Bonds Defeated.—The
question of
issuing $44,000 bridge bonds was fcubmitted to the voters on
Nov. 8, but the proposition failed to carry.
are
Mabank (Texas) School District —Bond Sale,—
advised that this district has sold f 8 000 4^ refunding and
building bonis to Henderson County, Texas.
Maiden, Mass.— Bond OJ'ertng,— Proposals will be received
until 8pm., Nov. 28, by the City Treasurer, for the following 3^^? coupon bonds, all in denomination of $1,000
:
$10,r00 SO-year sewerage loan. Dile, May 2, 1001.
20.00 30-year surface-drainage loan. Date, July 1, 1901.
.8.000 1-h-year (aerial) Faulkner school house loan. Date, Nov. 1, 1904.
3,000 1-8 year (serial) portable school-house loan. Date, Oct. 1, 1904.
1
Principal and semi annual interest on above bonds payable
Bank, Boston, Mass.
at the First National
Minn.— Bond Sale.— On November 21 the
fuu'iing anl $5 5)0 refunding 5? bonds described in
V. 79, p 1980, were awarded to John Nuveen
Co., Caicago,
for $11,561, accrued interest and blank bonds.
Following
are the bide:
John Nuveen & Co., Chic. ..*|ll,5«l 00 a.A.Kenn.rhlcago
»ll,61ie0
Mapletou,
|6,00ij
&
N W.
Harris
& Co., Chic...
Cbas.U. CofBn, Chicago....
*ll.f88 00
11,556 00
M. Holmes, Chicago
Trowbridge & NWer ro..Chl.
J.
Kjiie
'And accrued
&
Co.. Minneapolis...
11,5C0 00
ll.f 00 00
11,50000
interest.
Marion, Ohio.— Bond 8ale,-0i Nov. 21 the $54,000 5%
sewsge-dlsposal worhs bonds described in V. 79. p 3i24. were
awarded to N. W. Harris & Co. of Chicago for $58,470 50.
A full Hat of bids will be given next week.
Marshall, Texas— Bjnds Registered,— Oi Nov. 19 the
$45,000 5<t 10 40 year (optional) sawer bonds mentioned in V.
Dite,
79, p, 521, were regijt-ired by the State Comptroller.
July
1,
1904.
Marshall County, Minn.— Bond Sa/e —Oci November 22
the following bids were received for the $14,382 05 Qi ditch
bonds described in V. 79, p. 1980:
Fremtum.
Premium
'laSS
Union Loan & Trust Co., Minn... 'IZOO n. M. Stoddard* Co.. Minn
*U6
Kane & Co., Minneapolis
•215 Union Investment Co., Minn
•And accrued
interest,
Miami County, Ohio.— Bond Sale.— It
is
stated in local
papers that the County Commissioners on Nov. 11 sold an
ipsue of $22,400 ditch bonds to the Piqaa National Bank for
$22,650.
Michigan City, Ind.— Bond Sale. -Oa Nov. 22 this city
Co. of Indiasold $30,000 4« funding bonds to E D. Bush
napolis at 102583. Date, Jan. 1, 1905. D.^nomination, $1,00D.
Interest, semi-annual.
Maturity, Jan. 1, 1920.
MiUersbnrg, Ohio.— Bond Sale.- Oa Nov. 11 the $9,052 5%
street-improvement bonds described in V, 79, p. 2109, were
Merchants' Bank of Miilersbarg
awarded to tha Farmerb'
at 104 187.
&
&
Mobile County, Ala.— Oj?iotai Fofe.— Official returns state
that the vote cast on Nov. 8 relative to the proposition to
—
.
:
.
.
)
THE CHRONICLE.
tilbCJ
isBTie |SOO,0(iO j ail
and bailding bond was 2,612 in favor
of
and
690 against.
Monroe, JHich. Bonds Defeated.— It is stated that the
propoBition to ieeae $25,000 manluipal-bnildiDg bonds failed
to carry at <he epeclal election held on Nov. 14.
Moose (Town), Uoirseaa Counts, Miaji.— Bonds Not Yet
Sold. We ate iutormed that the |6,0CO road bonds offered
on Sept. 19 have not yet been disposed of. For description
—
Bee V. 79, p. 988.
25
.
..
[Vol. Lxxix-
The
shown
bids recelfed not covered by the above allotments are
in fhe following,
The two together furnish a complete record of all bids
:
Winiiim Salomon
A ('o. and Lacard
Freres
Theo. A. Ryerton
'•
6,000.
. 1
Klfic
&
FIsk
Bllr. H.Spra(rue.
<'.600..10J*00
4 Sons. ( Forany.lOlTTT?
HoDlD'on, <" All or
Farson.l.e-dcb 4 Co f none".102'1777
Nallonal Citv Bank ^ .^•i'i,*"^-^"^"^"
Harvey
•$26 000.000.
Kuhn, Loeb & Co
Guardian Sarlnes &
Trust Co., Cleve-
'
Samael Wlloox
Morrihtt>^n, InH,— Bonds Voted.—Thia town hag voted to
iflsne $8,0[}0 6% lO-year bonds,
McQoTem &
Mount Healthy, i}hio.— Bonds Defeated,— Ihie place re- James
Co
cently defeated by 8 votes a propoBition to issue $C8,000
water-wojks boDds.
Navarro County, Texas.— Increieed Interest Bate Authorized.— By 894 majority this connty on Nov. 8 voted to increase Geo. Leatk & Co
the interest rate on the proposed ieeue of $150,000 court house
bonds from '6% to 4;t. The bonds were authorized over a year
ago as three per cents.
New Britain, Conn.—Bond Sale.— Oa Nov. 22 the flOO.CflO O'Connor & Kahler*
4<J sewer bonds described in V. 79, p. 2109, were awarded to
Edtabrook
Co., Boston, at 106'7vi8.
Catskill Savines Bk.
New Britain (Town), Vonn,— Bonds Defeated.— At a town Day, Adams St Co
funding
held
meeting
Nov. 18 a proposition to issue $100,000
bonds was defeated. The Selectmen were anthorizsd to borrow money temporarily to meet current expenses.
Newburgh School District No. 5, Orange County, B. li. Day & Co, and ^
KstabroDk Si Co..]
N. Y.-Bond Sale.-Oi Nov. 5 this district sold the $9,750 6%
bonds dfcscribed in V. 79, p. 2109, to Isaac W. Sherrill of
PougljkeepBle at 102'5y.
New Castle, Fa.— Bonds Re authorized.—There being some
objection to the wording in the former ordinance authoiizlng
'the issuenoe of the $'i5,000 i% electric-light bonds awarded on Herzfeld i, Stern.
Town send Wandell,
O.Jt. 10 to the Citizens' National Bank of New Castle, a new
Trustee estate ol
ordinance has been introduced in the City Cooncils re-au
Ricbara Arnold
jthoriZ'Eg the bonds. Denomination, $1,000. Dite, Dec. 1, Dominick & Doml
ntcK
[1904. Interest, Etmi-annu&lly at the office of the City Treaslurer. Maturity, |8,0C0 Dec. 1, 1905; |8,00D Deo. 1, 1906, and
|9,0j0Dic. 1.1907.
. & W. Seligman,
Lean PropjseJ. An ordinance is before the City Councils
Vermllye&Co and o f.tuVi^tu\
Kdw. Sweet « CO. ||.|««;Xproviding fur an eight-months' loan of $12,000 at 6jg interest
(
land
Tales*
Ritchie
Richard
J. Scole*
S0,000..1lu.-9«
40,000.. 101-f<76
6,6<^0..1ci-875
50,00 j.. J 01-^9
Knickerbocker Tr. Co. 8OO,0OO..101-7«
Lumber
26,000.. 101-75
26,000.. 101-50
29,000. .101-35
25,000.. 10115
Ineuranee
New
Co. of
York...
Brooklyn Trust Co,
D. Everitt & Co.
& Iron
Coal
5UO.000
Nat. Bk...
Robert B. Haddon....
J. Schroeder
Geo. Leask, executor est. of
^
W. Buckingham
S. UaaraLtee Co
f
S00.000..101-J3
200.000 .101-27
VlOO.OOO.. 101-181
200 000. .101 0-i
200,000.. 100-891
200.000.. 100 -78
Newport, Ky.— Bond ScUe.—lt is stated that the Atlas
National Bank of Cincinnati has been awarded an issue of
|5,O00 renewal bocds.
Norwich, Conn.— Bonds Not Sold.— It is stated that no
bids were received on Nov. 22 for $451,000
bonds de'ecribed in V. 79, p. 2235.
Oswego, N. I.— Bonds Plroposed.—This city has nnuer consideration the issuance of bonds for a lake-water system to
take the place cf the present reservoir system.
are advised that the matter has been referred to the Water Committee and that an election to vote bonds will probably be
held in Dt^cember.
t
dm
We
.
i
soay
iioooociooei
200 000.. 100-54
8.
Lobrke &
O. E.
lO
&
.
b^
.
Merriam Smith
,000. .10;4-29
Kane &
Co.,
TronbrldKe
I
I
Minoeapolls.
&
Niver Co., CblcaKO.
I
W. J. Hayes & Sons, Cleveland.
John Nuveen & Co." Chtcaiio.
Albert Klerbolte & Co., CmoUmktL
.10^07
.
.101-69
101-45
.n;2-03
.101-20
New fork
City.—Bond Sitle.—One hundred and sixty
bide, aggregating |1C8,269,64Q (not duplicating bids for " all
or none " of the bonds and which had to be accompanied by
alternate bids for "all or any part") were received on Nov.
5:3
lor the $25,000,000 8}4i corporate stock of this city.
The
average price obt&ineu was 102 '41. This is on a somewhat
better basis tnan that of the last public sale six months ago,
being on about a SiO% basis, against 8'461}< in May. The
award was
Geo.
as follows
D. ScbnakenberK
|16,000®I02'76
lb,iJ(i((fUM)2'53
Nalhun D. I'rince
lUO® '0^-61
4,000® 103 00
K. li. Uoller
25,0^.0®102'60
0^-876
Carl A. Haismann....
8,0 0<«)
4,000((JUI1S"50
|;15,03P®103*00
Lea»k&Co
j
W. L. F. Martens
Foster & Lounsberry
W. l.Bullara
. .
1
,
IlaDDah V. Leylson..
a50,00i(<() 102-71
Eogene Meyer &
Co.
250,00O(ailu2V3
850,0()0@li2'5t
O'Connor 4 Kabler
2^,'l.'
\
@IOZ-69
25,1,00® 102 49
Klizabeiii H. iipragae
6,0O0@10:^-.
iSamuel Wucox
1,0(111® 102-50
.)«mps McGovern &Co. 06,0C( @ioa-5o
iMoorewoocl & Co
611,000® lO^'O
Craic ColKaio
lOO.OOl® 102-60
Wiiliaiu 8Hl«menJcCo.
aiid ivHiard i<'ieres.!<3. 8)7,76C@102-4
..
.
W.Raines
Meyer Vesell
U. De Forest Roliner.
f
I
I
i0..101-<0
£0.. 10130
!0.. 101-20
20..10110
SClOlo'l
Fred'k W. Brooks.
10.0C0..10126
Prov. Sav Bk & Tr Co. 6«,' O0..1Ol-?5
Hnited Nat. Bank
100.0.K)..101-25
10.000.. 101-.
Benj Levy
R. Blecker Rathbone. 25.000.. 10125
KICDard WMliamson.. i500J..101 -^s
John W. Kilbreth
5,0 U.. 101-23
C. H. Venner&Co... I,000,iK)0..10rj33
MarLln Canffleld
10,000. .10rJ25
B. Rothenberg
1 ,00u..ii<l-126
516.Lt0..101-10
W.
10,0J«.,lol 0>
16.010.. 100 PO
10,000.. 101-05
Fuerst
CrAwfora,
Dyer
F.
ft
cannon
Samnel
Graham
J.
.
-M.
Wm.
B.OOO.. 101-00
Rogers....
8,000 ..
F.
Aram
*0.. 101-00
Haffero Brew-
iDgCo
Mills Co
W. KTodd 4
Co.
Assurance Company
of America
I
lOO.OOO.. 101-00
100.000.. 101*00
100.000.. 101-00
26,000.. lOl 00
83,000. 100-76
2n,000 .lOO-.-O
25,000.. 100 26
|
Cyrus
Lawrence &
J.
Son
Alanson
S.
ioo.ooo..iaioo
600..l0roo
Barney
A Banks
A Co
A.
UankSSCO
J
25,000.. 101-00
I
S!5.000..100*.-i0
Grand Lodge B.S.B.S.
i,«00..
I
I
Geo. Leask. Ex. Estllndson Hoagland
Herriok. Berg & Co ...
('Ity Trust Cj
,101-375
.101-25
,101-116
,101-00
60.000
]C2-tO
101-50
60,000. lOl-OO
50.tj00.
20,000. ,102*00
2,t00. 102-00
230,<.0'., ,102*00
60. ,102*00
200,000.,.luB-CO
60.000.,.102-00
60.000. .101*75
30,000 .102-00
Denener & Bark
Krcd'k Horn Jr
Kinns Co Trust Co ...
Alt. Vernon) (Water)
Trust Co } (Water)
Geo. S.De Witt
Lawrence Barnnm &
20C.OOO
Co
.101-89
60.000. ICO'O
J
D. Scudder
Chas. Lebmann
Dr. H. B. Br mberg...
6,5<i0..l0O876
],' 0).. 100-75
1.15O0..KH-75
Stone & Gray (water), 600,000.. 1 00-;
First Nat. Bk. MUton.
6.000.. luU.iO
S,
1,000.. 10 i-so
1.0 O..lo0-:n5
1.1 00.. 100-1:5
1.000. .100-126
f
H. Johnson.
J,
6.000 .lOOOK
600.. 10 -25
6,0.0.. 100^5
David Wels
Kdwin K. Sommer....
Mella W'ecnsler
,
f:0'i..lOU-l'26
Slgmund Weohsler...
Henry Leet burger. Ex
William F. Smart
600. .103-125
t.0OO..10J-126
8,000. •.OO-OOi'5
85,000.. 100 00
...
Beckm .n Uunt. tr
Bowery HankofN. Y.
200, 000.. 100*00
1-annie StDitn
Kdward Day Barker..
Richard R.Gilleopie.
S.
1.
Kadway
G.
Chan.
S.
S.
Smith
4 Kmma
This
Is
250..I0000
MiO,.10i.*iD
600..
(?)
Banmann
Robert
500. .100*00
2,600. .10000
10,00 3.. 100*00
P.P. Rupp..
1,000..
S.
RathDun
1
•
10100
25,0 0.. 101 -00
2s,000..10r.-60
,
ig;2S2:
6,000.
6,000.
6.000.
00
. .
& M.
,101-.
wm.Bbiing
1
2.0 II. .101-10
2,000. .loroo
Rebecca Fencbtmanger
Barbara Campbell ....
SO.lOlOO
Suffern Nat Bank. {
i^-^- [l^l^
.101*16
6,C0J., 10<i*00
5,000. .101*76
6,000., 101-6-25
1
H.OOC.lOlOO
u. Campbell
W.J. Gilpin
Tbomis
50.000. 102 00
.102-00
ie'ooo' .101-^0
7,000.', ,102-00
25,000. lO'^-lO
ZO.OOO. ,102-00
10,000. .10-<J.OO
6,0t0. .ioa-00
7,600. .102-00
6,5 0. .102 01
6,600. .102-00
20,oo0. .102-00
75,oCO lOS-OO
100,000.. 101 -03
6,000 101-0195
6.000.. 10 10 IS
6.000..101
6
10.000 .10.-00
3,000.. lOl-oO
6 000. .101 00
10.000.. lOl-OO
tO.OOO.. 101-00
arity
Martha
J.
.101*271
.101-031
.100*771
.103-01
.10i*76
6,000,0ao.
6.' 10,000.
16,000,000.
Ins.}
10,000.
15,000.
I
R. MerORllon
Peier P. AcrltelU
10,000.. lOl'tO
16 000.. 101*^6
John W. Sheppard..
.10-.J-01
.10^031
I
election.
101*95
.10183
i
Fire
Portlacd, MIch.-Bonds Voted.— Oa Nov. 17, by a vote of Hamilton
Uo
828 for to 143 against, this village authorized the issuance of Geo N. Browerand W.
H.Bennett.Trustees
$5,009 public-improvement bondii. Details of issue not yet
Chas. A. Brodek
determined.
|
Frank. F. II, Krabblts.
Fneblo, Colo.— .B.'ecfion Not Held.— We are advised that ThOf.
Denny & Co
the question of issuing refunding bonds was not submitted Irank KrooutloM
KuKeno K. Ausiin
to tne people on Nov. 8, but was deferred until the April Ndiban H. Ucymau ..
60 000..10L-eO
.
\
G. J. Brunjes (Rapid
Transit or water)
4.000.. lOl-SO
HamiUou Trust Co. 2C0,000.10 -427+
.102-11
6,000,' 00. .101-«Ji>2
i
8u0..10l tO
500..10l-i0
100,000. .101 60
5
Peter J. Morrison
Otto F. Jenti
H. Austin Cia'k.
100.000 103-123 David C. Porter
9,0C« .l(.2ia.i Fred'k G. Voss
e,500. .10;.J-i26 Fellowship of Solid-
4,000.
60,000.
60,100.
6 ',000.
. .
60.000.
tO.0.0.
I
50,000
60,000.
(
20.010.
i
St eglitz... (
4.C00.
f 5,000,000.
Konntte Bros
...
v^,.i,^ni»-ii„r,v
TorkviUeBank
.
I
Minnesota Loan & Tmet Co., Minn.
Uuion invesiment Co.. Mlnaeapolis.
10.000.. lOrtO
6,000..10L-iO
6,000.. lOl-.'O
6,600. .101-50
.
.
&
& Co..
Isaac 3. Klelnert
I
Halle
600..101c0
.".
.
Wm.C. Spellmeyer....
De Luca
William W. Raymond
Mrs.Ma-y F Raymond
100,000. .lirlH
100,000. .112 08
100,000. .101-93
ItO.OOO. .10l-7d
Mechanics' Nat. Bk.
lOO.OUO. 101*63
IOO.O^jO. .101-66
lOO.OCO. .101-44
100,000. .101-31
loo.ooo. . 101-19
I.
lO.OtO. .102-28
R. M. Broas,.
Khoades & Rlch-j 40O,COJ. .102-278
lOO.COO
10207
mond
\
500,0w0. .lOi-26
f
600,000, .102-06
600,000.
610,000. .101-SO
Schafer Bros.
500,000. .101-C6
i 600,0-0. .101-15
20,000. .lOa-25
A. IselinACo
10.000. 102-25
Samnel Gerk
5,000. .102-20
Alexander F. Loddell.
.1, OOO.OUO. .102-187
d. Fansbawe.
rike county, Ala.— Bonds Voted.— It is stated in local
papers that the proposition to is3U3 $159,030 road- improvement bonds earned at the recent election.
Piqng, Ohio.-Bond Saie,-Oa Nov. 10 the |5,000 5% sidewalk bonos described In V. 79, p. 1731, were awarded to
Albert Kleybohe
Co. of Cincinnati at 105-4'J.
Fittsfleld, Mass.— Bond Hale.— It is stated that this city
has sold $:{6,0.u d}4% 1-17-year (serial) paving bonds to
Blodget, Merritt & Uo. at 100 03.
Wm.
Poilt County, Minn.— Bond tale.— On Nov, 19 the bids re- Globe & RatKers Fire
Irs. Co
ceived for lUe |'«iO,8uU 6% drainage bonds described in V. 79,
ArtburBaur
Oi'al bids were subsequently sub- Vicior J. Cavoli
p. 1980, were all icj^cted.
mitted both on a b^ and a
basis, and the bid of U. M. John P. Martin
f
Stoddard & Co., Minneapolis, of |5iO,965 and accrued interest
for b}4 per cent bonds was accepted. Maturity, $3,0CO yearly F. P. Holran & Oo ^
on January 1 from 1907 to 1914, inclusive, aad lJ4,8iJ0 on Jan.
[
ititerest, stmi-annnai.
Tne following were the Samnel B. Howard
1, 1^15.
bidders on the bonds as advertised:
B,000..101-6-.i6
4,000.. 101-522
5,000.. 10. -61
6,000 10. '39
V.
76,000. .102-80
f 100,0.,0. .lok!29
100,000. .10219
I
100,000. .10^-19
100,000 101-Sa
200,000, .101-;9
200,000. .101-69
200,000. .10l-5t»
Co.
AM.,rrlBOn
Agnes N. Lake
C. B. GuercBey
Tur-
ney
W.
L.
A. Viliate
Helen P. Renwick..
Walter C. Nye
J. Howfird Cbeyney
L2,500,i;00.
Mrs. Eleanor
200.000.. 100-47
200000. .100-48
200,000.. 100-88
100.000.. 101-68
)00 000..10l-6Z5
100,000.. 10. *n26
Queens Co. Trust Co
Robert T. A'amum.
2,600,000.
2,500,000.
!
(
Zimmerman & For-
,
;
"
•.J5,OO0..)0l-
100.000. .101-75
Z0O-000..101-681
200,000.. 10 -573
Ii00.000..10l-4H(J
200 000..10l-.'^m
I
tor etreec improvements.
7ft
6,0'K).. 101-75
25,000.. 101 -70
ZS,0<0.. 101-60
Oliver
U.
.
101
60,OOJ.. 101-77
50,C03.. 101-57
60.0J0..101-c:7
£0.000. 101 •75
7.00i..l01-'ft
]
G
&
—
10l»a
60,000.,
B0,C00..101-44
(
Edward Caofleld
•(
I
^i'
none?,^n,.oMl
.101 Bi8
)
(
^
the complete bid, only pari of which was accepied.
No check
;
THE CHRONICLE.
IfOV. 26, 1904. j
one of par and
Qaincy School Distriet, Flamss Connty, Cal.— Bond
S«te.-Oa Nov. 14 the $7,500 5^ bonds described in V. 79, p.
1663, were awarded to Rifle Elizabetbi McCaesney for $7,750
and accrued interea*^. A bid of $7,650 and interest was also
received from the Pluma9 County Bank.
interest from the State Board of Examiners
for $350,000 play-ground bonds. The syndicate bid was for
the library, play-ground. Golden Gate Park and Mission
Park issues. See V. 79, p, 2110, for description of bonds.
San Pedro (Cal.) School District.— Bonds Fb^cd.— On
Nov. 19 this district, by a vote of 414 to 72, authorized the
iEsnance of bonds for the purchase of a site and the erection
of a bigh-Bcbool building.
Searcy, Ark.—Bond Safe.— J. J. Baugh, Chairman of the
Board of Improvement Commissioners, writes us that
$19,700 (amount reduced from $20,000) coupon bonds ©f
Electric Light Improvement District No. 1 offered on Nov.
1 were awarded on the 14th inst. to the Searcy bank at par
for six per cents. Dite, Dae. 1, 1904. Danomination, $100.
Interest annually on Dec, 1. Maturity, part yearly for 19
years.
Seattle, Wash.— Bond Election.— The city authorities have
decided to submit to a vote of the people at the election
December 6 the question of issuing $350,000 light bonds.
This proposition is independent of that mentioned in V. 79,
p. 1731, providing for $500,000 city-hall, $150,000 city-hallsite and $175,G0O jAil bonds, which are also to be voted upon
at the same time.
We
are jost Informed
Redfleld, So. Dak.— Bond Sale.—
that the $7,500 5% electric-light and funding bonds for which
all bids rpceived on Jane 4 were re j acted W8re sold on Sept.
6 to the Merchants' Bank of Redfield for $7,350. Dite, Oct.
Denomination,
1904.
1.
Maturity, O^t.
1,
eerui- annual.
Interest,
$500.
2487
1914.
Bedlauds, Lngonii and Crafton Union High School District, Cal.— Sond Q^ermgr.— Proposals will be received until
11 A. M,, Die. 12, py the Supervisors of San Barnardlno
Connty for the $10,000 5^ bonds of this district mentioned in
Interest, annual.
Denomination, $1,000.
V. 79, p. 2110.
j
Maturity, $3,000 in one year, $3,000 in two years, $3,000 in
three years and $3,000 in four years.
Richmond, Ya.—Bond OJfenwgr.— Proposals will be reDec. 9, by E, J. Warren, City Auditor,
ceived until 13 M
Ddnomination,
for $55,60D ii coupon redemption bunds.
$1,000 or multiple?. Dite, Jan. 1, 1905. Maturity, 34 years.
are informed that
Kldley Park, Pa.— Bond Sale.
this borough recently awarded $12,000 i% 30-year bonds to
Robinson of New York City instead of $3,000 bonds
Dick
as at first reported. Date, Nov. 1, 1904. Denomination,
$UCO0. Interest, semiannual.
Robinson Township, Mtch.— Bonia Refuaed,—We are
Co. of Detroit have declined as
informed that Noble, Moss
,
—We
Somerset County, Pa.—Bids.— Following are the bids received Oct. 29 for the $250,003 4<J court-house bonds awarded,
as stated in the Chronicle Nov. 5, to Kountze Bros, of New
York City
&
an issue of $3,000 5;^ highway improvement bonds of
this township awarded to them several w^eks ago.
St. Johns (Ore.) School District No. 2.— Bonds Defeated.
—On Nov. 8 the people failed to approve of the proposition
Eoaotze Bros., New Tort.. .1266,627 60 Trowbrldtre A NlTerro..(Thl.J287.7ee OO'
Hayden. Miller & Co., Clere. 283,766 00 Union 9av. Bk. & Tr.Co..Cln. 257.126 001
Lawrence Bariiam&Co.,Pbll 262,926 00 N. W. Harris & Co., N. Y ... 257.102 50l
N. Holmes & Sons, Pittsb'K. 266,400 00^
Llenisoa, Prior A Co., Cleve262,8.'i4 00
Berwlnd White Minine Co..
landand Boston
Windber
Dick & Robinson, New York. 262,705 00
255,002 60
262.127 60 Seasoneood & Mayer. Cin... 263,657 00
B. lileybolta&Co..N. Y
LampreohtBro.i.&Co.,Cleve. 281.750 0<i Hambielon & Co., Baito ... 252,50O0O
Farmers' Nat. Bk .Son erset. 2«0,000 00 E. B. Smith * Co., N. Y....^ 251,800 00
to issue $10,000 school bonds.
J. B.
I
&
I
I
illee;al
I
I
—
The proposition to
St. Marys, Ohio.— Bonda Defeated.
issue $60,000 bonds for sewer purposes failed at the election
Nov. 8, the same not receiving the necessary two- thirds
vote.
A
San Fraocigco, Cal.— Bond Bids.— bid of par and interest
for $2,099,800 of the $4,673,600 33^i gold b^nds offered on
Nov. 21 was receivtd from a syndicate of banks headed by
the Bank of California. The only other bid submitted was
NEW
NEW
LOANS.
New
York.
Somerset Tr. Co.. Somerset. 261,275 00
Wm. H. Allen, Pittsburgh.. 25J,C00 00
Soatn Pasadena City School District, Los Angeles Co.,
Cal.— Bond Sale.—Oa November 14 the $5,00 ) 5^ bonds described in V, 79, p. 2111, were awarded to H. C. Rogers of
Pasadena at 105'042. The following bids were received :
$5,852 10 W. R. Staats & Co.. Pa8adens.$5,091 40
H. C. Rogers. Pasadena
Los AnKelesTr.CcIiOiAngelesS.iae 03 I. Springer & Go„ Pasadena.... 6,075 Ott
Albert
C. Case,
.
.
859,010 00
Holderbaum, Somerset 257,800 00
I
|
—
Stanliope, N. J.— Bonds Defeated. At the election on
Nov. 18 this borough, by a vote of 66 for to 67 against.
INVESTMENTS.
LOANS.
^is^,ooo
Sanitary District of Chicago
BOND DEPARTMENT.
CITY OF ORANaE,
F.
J.,
4 PhR CEMT BONDS.
i% Thiriy-Year School Bonds.
Sealed prorosals, addressed to the Board of Trnsteesof the Sanitary Dlst'lct of Chlcaeo. and endorsed "Proposal sf or Purchasing Bonds," will be received by the Clerk of said Sanitary District at
The City of Oranee, N. J., Invites sealed proposals
for the whole or any part of $125,000 of coupon
School Bonds of the denomination of one thousand
dollars each, bearing date of December Ist, 190i,
and maturing December 1, 193t, with interest at four
per centum per annum, payable semiannually at
Room
1110 Security Building, Cblcago. III., until 1
P. M. (standard time) on Wednesday, December IJ,
1904.
The bonds,
for the purpose of which said bids will
be received, are the sixteenth (itjth) and present
issue of one million Ave hundrert thousand ($1,500.
000) dollars' worth of bonds of the Sanitary District
of Chicago, In denominations of one thousand
(ll,f)C0) dollars each, with Inierest at a rateofiour
(4) per cent per annum, payable semiannually on
the first days of January ana July ot each year, and
the principal payable at the rate of seventy ttve
thousand (»75,oui ) dollars each year for tweniy
(20) years next succeeding January 1, 1905. Bo<h
principal and interest payable at the ofiBce of the
Treasurer of said Sanitary District at Chicago, 111.
Bach proposal must be accompanied bycertiaed
check or cash of an amount equal to three (3) per
cent of tbe amount of the bid. All certiUed ctiecits
must be drawn on some responsible bank and be
made payable to the order of the "Clerk of the Sanitary District of Cbicago." Paid amount, of three (3)
per cent of the amount of the bid will be held by the
Sanitary Oistrict until
all
of said proposals have
been canvassed a"d tbe bonds have been awarded.
No bids of less than par and accrued interest will
be coiasldered, and the right is reserved to reject
any and
all bids.
f
THE SAMITART DISTRICT OF CHICAGO.
By ZtNA H.
8. D. GRIKKlN.CIerk.
Dated November 18, iJtOi.
CARTER,
President.
S^s^^oo
SUFFIELD, CONN.,
4^ Rfgifttered Town Bonds.
The Town Bond Committee of the Town of
Suffleld. State 01 Cnnecticni, will receive sealed bids
until December ifiih, J90-1, at noon, for the whole or
any pat t of |42,50u 41 UegistHred Town Bonds, said
bonds being Issued for the purpose of paying tbe
floatlnK indebtedness of the town, no other bonds or
indebtedness oiiistaiKliuir. Urand list October, 1004,
f 1. 81)0,1 IH) on two-Milrris valuation.
Population,
8.600. Bonds dated May Ist. 1905. Denomination,
$2,6')0eHCh, parable.H8 foil., W8, viz,: I2,.50(i May Ist.
l»:e, and like amount May 1st of each BncocediDg
year, last
The
bond one Mav
the Oranee National Bank, Grange. N. J.
The propoBsls for above-mentioned
bonds,
addressed to the Committee on Finance and Accounts, In care of the City Clerk of the City of
Orange, N. J„ endorsed •Proposals for Schoil
Bonds," will be received by the Oltv Clerk until
Ist. Iwaa.
Kht Is resprved to reject any or all bids.
Address bids to CUAKKK-tc. B1M>*ELT.,, Chairman
Of Town Bond (Jommlltee. Sullleld, Conn.
r
at the Common
onncil Chamber, Canfleld
Street Engine House, in said city, up to the hour of
eight o'clock P. M. of the same day, who will certify thereon the time ot their receipt by him.
Said proposal will be publicly opened at a tneetluK of the Common Council, to be held in tbe Common Council Chamber on the flith day of December. 19 j4, at eight o'clock P. M.
The hoc ds will be awarded to the highest bidder,
but no award will be made on any bid below the par
value of the bonds.
f aid nroposais must be accompanied by a certified
check for two per cent of the amount of the par
value of the bonds bid for
Bonds will be engraved under the supervision of
and certified as to genuineness by the United States
Mortgace & Trust (;ompiiny, and the r legnlltv ap
proved by J. H. ('Hldwell, Ksii., of JVew York City, a
copy of whose opinion will be furuishe to the purchaser.
The bonds will be dellvpred to thp purchaser on
Dec. 29. 11-04, at 11 o'clock A. M., at the Orange
Nattocal Bank, Orange, N. J.
The Common Council reserves the right to reject
any or all bids HS may seem best to them in the Interest of the city.
Any information with regard to this loan will be
furnlsbed by Mr. Charles A. Meigs, Collector of
19i'4.
—
ALBEKT
Chicago;
Offers
Railroad,
Illinois.
Municipal and Cor-
counts.
WILLKTT
FRANK
B.
GANG,
Dated, Orange, N.
G.
J.,
COUGH TRY,
yielding investors i% to 53^*.
Printed
F.
R.
FULTON & CO.,
MacDonald, McCoy
MUHICIPAL AHD
Chairman.
La Salle
eSOSTOM.
Blodget, Merritt
&
Co..
BANKERS,
Congress Street, Bostcn.
NAHHAC HTREET, NKW TORUL.
3TATE, CITT &
BAILBOAD BONDB,
CORPORATIOK
Street, Chicago.
Company
8c
159 La Salle
CLIFVCLANIP.
Oo.,
Established 18M5.
H. C. Speer
DENISON, PRIOR & OC
&
BONDS.
I7Z
LIST.
upon
CHICACO.
City Clerk.
Nov. 17. lUOl.
SEND FOR
and prices
application.
lists
Municipal Bonds,
171 LA SALLE STREET,
INVESTMENT BONDS.
16
Se
issued^;
<
Taxes.
By order of the Committee on Finance and Ac-
BONDS
s^SSk certificates
Handsomely ecKrhVcd;
plate
steel
effect. Also
tbecheaiier kind, parily lltliOKrapbed and partly
printed from type. 100 Slock CerllHontes, t:i to
•85: the latter cLaraved with steei-pla'e borders
eleganu Seal Press, If with Certiflcates. |1 ,"50.
B. KING & CO,, 105 WilUam St., N,Y
Bnaraver* and Ltthographers.
(Telephone.)
THE AMERICAN TRUST
& SAVINOS BANK,
MONDAY, THE FIKTH DAY OF DECitMBBR, poration Bonds, conservatively
,
bonds to be paid for and delivered at the
the Treasurer ot said District.
For further information apply to the Clerk of the
Sanitary iJis'.rict, or the Chairman of ttie Committee on Finance, Room Uio Security Building,
Cbicae>. Illinois.
Tiie said
office
I
St.,
COUNTY
AND TOWNSHIP
CITY^
Chicago.
BONDS.
-^^
T. B. POTTER,
MUNICIPAL and DnE^i!£>e
oKJHU^^
CORPORATION
172 Washinglon Street,
CniCAGO,
•
.
.
laST UN APPLICATION.
ILLS.
—
—
THE CHRONICLE.
2488
defeated
bondp.
proposition
the
to
iBsae
to oonplder the bids. The next regular meeting will be
held Dec. 6, when, our informant acids, the matter of the
bonds will probably be taken up. Securities ara described
in V. 79, p, 2168.
Wellston, Ohio.— Bond Sa/«.— On Nov. 17 this city sold
$4 000 bi<i.?w-ilk bon-is to th° First NaUonal Ban^c of Wellaton at 101 '80 and interest. Following are the bids
First Nat. Bank. Weltiton... •4.073 00 W. R.Toild & Co..Clnclnnatl.*l4.0*6 00
Sec. Bar. B'k&Tr. Co.,Toleao.«*,070nn| New lit Nat. B'k.Colambns .*4.(45 00
M.OiBOO Keder, Holzman A Co.,c;ic....*4 012 00
Well, Itotti A Co., Clncln.
Lamurecbt Broi. & Co.,CleTe.*4.081 00
meet
flO.OOO 6^ water-main
Snfilld (ToTrn), Conn.— Bond O^erinflr.— Proposals will
be received nitU 12 M., Dec. 15, by Charles C. BifssU, Chairman Town Bond Committee, for the |42,500 ii registered
funding bonds anthorized at the town meeting held Oct, 8^
Denomination, $3,500. Date, May 1, 1905. Maturity!
1934.
|3,600 yearly
on
May
1
from 1906
:
I
to 1922, inclusive.
cfiekU notice of this bond ojjering willbe found among
the advert isementa elsewhere in thia Department.
Tifton, 6a. Bonds Defeated.— At the election held Nov.
15 the proposition to issue $15,000 echool and $80,003 waterworks 6% 80 year bonds failed to carry,
Troy, N. Y.^Bond C^erinf^.— Proposals will bft received
until 11 A. M., Dec. 5, by William H, Gearin. City ComptrolDite of bonds, Dae,
ler, for $57,844 76 4% assessment bonds.
Interest semi annually at the office of the Citv
1, 1904.
Treasurer. Maturity, $28,902 29 Dec 1. 1905, and $28,942 47
Dae. 1, 1906. Authority, Title Four, Chap. 670, Laws of 1892,
and the laws amendatory thereof and supplementary thereto,
and an ordinance of the Common Council adopted Nov. 17,
1904. These bonds were sold on Nov. 12 to the Troy Sivings
Bank, but not having at that time been authorized by the
Common Council by ordinance, the bank refused to accept
of the par value of the bonds,
them. Certified check for
payable to the city of Troy, required.
Utlca, N. Y.— Temporary Loan Authorized.— The City
Council on Nov. 18 authorized a temporary loan of $20,000
for the echcol fund.
Watertown, MLssb.— Bond Q^mngr,— Proposals will be received unvil 8 P, M., Dec. 6, by Chas. W. Stone, Town Treasdrainurer, for the following gold coupon bonds : $10,000
aga bondp, maturing $5,000 July 1, 1910, and $5,000 July 1,
$22,000 ii Galen Street- widening bonds, maturing
1911
$10,000 July 1, 1912, and $12,000 July 1, 1913. Denomination,
Dite, July 1, 1904. Interest semi-annually at the
$1,000.
Fourth National Biuk, Boston.
Wayre. Mich.— Borids Not Sold.— We are advised that the
$8,000 43^« electric-light bonds for which propcsala were
asked unnl Nov. 3 5 were not awarded, as the Council did not
Tlie
mains.
White Plains, N. Y.— Bond Offering.— Proj^imU will be
received until 8 p. m., Djc. 5, by the Board of Irostees, for
23,000 4s; water bond.
D.nomlnatioa, $1,000. Date, Nov. 1,
Interest, semiannual.
1904.
Maturity, Nov. i, 1934.
Certified check on a State or national back or trust company
for 5i of the amount of bid reqiired. Peter Paulding is
Village Clerk.
Bond Sale.— O J. November 15 the $17,000 4* deficiency tax
and assessment bonds described in V. 79, p. 1733, were awardCo. cf New York City at 103 717.
ed to Farson, L?a3h
Xeaia, Ohio. Bond Offering. Proposals will be received
until 12 M, December 14 by C. F. Logan, City Auditor, for
$50,000 43^ « 1-10- vear (serial) coupon Main St. paving bonds.
Dite, Jan. 1, 1905. Denomica'icn, $1,000. Interest semiannually at office of the City Treasurer. Certified check for
5^ of amount of bid, payable to Asa Little, Treasurer of the
City of Xenia, required,
Yazoo- Alssissippl Delta Leree District, Miss.— Bond
O^er iwgr.—Propopais will be received until 10 a, m,, D*c. 15,
poetponed from Die. 1, by W. S. Barry, President Bjard of
Levee District (P. O. Ciarksdale) for $=)90,000 i% noa-taxablo
coupon bonds. Date, Jan, 1, 19'5. Interest, semi-annual.
Maturity, Jan. 1, 1955, subjscc to call on any Interestpaying
date on and after Jan. 1, 1930. Carfifl=>d check for lOjg of the
amount of bid, payable to th9 President of the Board, required. F. I, Williams is Secretary and Treasurer ot the
&
;
AND
district.
ENGINEERS.
&
Co.
& Burr, H. M. Byflesby
IKCORPORATED.
INVESTMENT BONDS
ENGINEERS.
Perry, Coffin
Oorporatiou
BONDS.
60 State
E.H.ROLLINS & SONS,
CONSTRUCT AND OPERATB
RAIL'WAY LIGHT, POWER AND
HYDRAULIC PLANTS.
DESIGN,
Street,
BOSTON,
BOSTON.
Chieago.
—
INVESTMENTS.
INVESTMENTS.
MUNICIPAL
[DesTer.
Interest.
Gatsklll, N. Y.—Loan Negotiated.— V7e are advised
that this village has borrowed on a note $6,500 for water
West
H
Service
And accraed
*
H
iPublic
VOI. LXXIX.
San FranelscOc
Examinations and Reports.
SPECIA1.ISTS IN
NEW YORK
3%
CITY
and 354%
T.W. STEPHENS & CO.,
WaU
Street,
New
Compromised
New
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other States.
SPILLER &
H. C.
TAX EXEMPT BONDS.
2
Defaulted and
York Life Buildin«r,
CHICACO,
ILL.
MISCELLANEOUS.
CO.,
Specialists in Inactive Bonds,
Boston.
37 State Street,
E.
The American Mfg. Co.
MUNICIPAL BONDS.
C. Stanwood & Co.
MANILA SISAL AND JUTE
CORDAGE.
BAMK.ER8.
York.
95
Milk Street,
65
BOSTON.
Wall
Street,
New
York.
Rudolph K!eybolte& Co.
MUNICIPAL AND
PUBLIC FRANCHISE CORPORATION
BANKERS,
DXALBBS IN
BONDS
MUNICIPAL, RAILROAD and
Bouebt and Sold.
STREET RAILWAY
1
BONDS.
NASSAU STREET, NEW
W.
J.
HAYES & SONS,
1;EVEL,AND. OHIO.
Trowbridge& Niver
BONDS.
of
New York
Tribune,
1881 TO DATK.
Barller years
BOSTON,
60 State
Street.
For BsBlnesa Correspondence,
Whether for letter written with your own hand, or
FOR SALE:
Co. Set
UUNICIPAL AND PUBLIC SERVICE
Ist
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YORK.
Interest Paid on Dailv ar.d Tir.e Deposits.
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in three months TOlnmes.
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b7:the typewriter, are UWBQUALBD. Their quality
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